New-York tribune., 1880-01-15
THE RATTLE ON FINANCE AT HAND.

THE BAYARD RESOLUTION TO BE REPORTED TO
THE SENATE POSSIBLY TO-DAY-EvERY INDICA-
TON OF AN EARLY DEBATE AND LONG
ONE IN BOTH HOUSES
IBY TELEGRAPH TO THE TRIBUNE.]
WAsHIxGIoN, Jan. 14.-The Senate adjourned
,arly this afternoon 1t is understood that this was
ut the instance of members of the Finance Com
mttee and was in order to give that Committee an
opportunity to consider and dispose OF the BaJard
resolution and get it before the Senate
The Committee was in session for about two
hours. The action Of every member was fully ex-
pected beforehand No speeches were made and a
desire was expressed all sides to proceed at once
TO "A vote In the conversation which took place 1t
became apparent that one or two Senators VINO Ia
yored the resolution, were of the opinion that IL
would be better to delay for few months the
time when the legaltender quality OF the greenDacks
should expire; but this phase of the subject dd not
come TO a vote Senators Wallace and Morrill, arc
named as having expressed themselves IN favor oi
DELAY. The Butler amendment postponing for live
wears the time when the legal tender quality should
expire was not considered.
Upon motion TO report the Bayard resolution IA
vorably. Senators Herman, Morrill,, Wallace and
Bayard voted aye, and Senators Beck, Allison Voor-
hecs and Terry voted nay.
A motion was made that the resolution be re-
nortea adversely Upon this motion Senator Bayard
insisted (the other members of the Committee ac-
ouiescng) that Senator JONES' who is absent, but
who is known to be adverse to the Bayard res0lu-
ton, should have the benefit of his opinion. lie was
therefore recorded as voting for adverse report
giving 10 that side majority of one.
II was then decided by Senators Bayard, Herman,
Wallace and Morrill,, to make minority report.
1t is probable that both reports will be made to
the Senate Tomorrow An understanding has
A. &c av.1
Cans in the Senate who are opposed to the present
consideration OF the resolution that an attempt
shall be made to lay the whole subject upon the
table. Whatever discussion takes place in the Sem
ate upon the question will probably be reached by
motion looking to such action. There seems to be
little probability that the Bayard resolution will
pass the Senate and still less that 1t will pass the
House. though its supporters continue to express
much confidence in its strength.
Senator Beck has been almost continuously en-
Gagged since the session began in preparing himself
for great financial speech. Senator voorhees,. Sen
ator Bayard and Senator Morrill,, OF the Finance
Committee will also make formal speeches. The
debate is not expected to begin for several yet
Ii begins to look as though general financial
discussion may be precipitated in the House very
soon. notwithstanding the apparent Discrimination
of the Committee on Banking and Currency to act
ON the Fort resolution. This morning, Mr.. Buck
ner from that committee reported his bill, which
provides that National banks shall keep half OF
their reserve in gold and silver coin, and demanded
the previous question on its passage. MT Mart'n'
of Delaware desired to get IN, as an amendment
the substance of the Bayard resolution respecting
legal-tenders. but Mr.. Buckner refused I'd allow IT.
In the informal discussion which took place it be-
came apparent that several phases of the financial
question will be elaborated before the Dill Is dis-
posed of unless its friends strong enough TO face
It through tomorrow morning under the operation
OF Il previous question. Mr.. Whtthorne, OF Ten
nessee appears anxious to send shot into the Ma
fional banks. Representative Weaver, of Iowa,
wants to send the bill to the Committee of the
Whole on the State of the Union, i'll order that he
NAV have room enough to elaborate his broad views
on financial subjects Other members also have
ideas which they bursting to express and # all
these different interests unite TO throw the Buckner
bill into COMMITTEES of the Whole the discussion is
likely to take a wide range, and continue for some
ma