, 1881-03-02

Tho Democrats 1lattf Hl1n hl1SlhkH III HIttN@
Ing 4 sufficient number Of votes tn l'n east
fur atr. Frye's amendment 10 carry 1t, but
enough ct,nngcd their yntcs beforp the a'l-
uuunccn,ct,t 10 rescuo tho bill fnr thu tillo
bclug. 1t wns the Democratic purpose 10
carry tho till rs It Stands, withous
reference 10 its defects. THO ruling
sentiment OF tho yartoas factions In the lfonse
which nrn ,nrtakMg II, ills struggle n,"y be
fairly described ,,s follows: Thu Delnocrats
rs rarty, under lsantlal's leadership aMl
with Ills Md rs Speaker, arc determined, II
possible, to pass tho bill As 4 party triumph.
Another faction, which Includes tho urec!t-
lac1iprs at1d II pnrt1nh Of the Democrats. nrt'
now helping nlOlig the measure III n snirit NJ
resentment to the National banks. I'roa{ at
this mny 10 found In tho fuct tint tho Grct''-
uMckcrs originally opposed tho measure.
tnt aru HOW saKnrly supporting It, Slut
ply bccnuso 1t ilas been demonstrated
that tho banks aro resisting It. Tie Repn!r
l,ca,ls nrc fighting the bill for two rcasnns:
first. because tltoy asscltct TO It's passage III
tho tir,t Instance upon assurance TINT tho
radical objections to tho measure wnu'l
be cured III ti,e Senate. III which shoy woro
tlsaptmlnted; a1Nl, secondly, because they
iittf hHpEEt4Etitt WV HiEAEtt u tNtl"&o NJ WAN
loa1,, but still more serious Disturbance Ill
monetary circles thnn Inns yet bccn felt.
They aru certalniy supported In Ibis ny
| the prevailing srntlment Ut tito Rcp'tb"
| ,tcans iii the Senate. \ co'Mparattvely
small number at Republicans III tho
House believe tt will be better t0 try tho bill.
| since tito agitation has gnne no far. bit they
are tlisncltnctt IL take tllo responsibility Of
enabling tho Democrats to PASS 1t With tho
MD of tllcr votes, and als0 TO defeat 1t by
rrsort To tiltbusterinK. At tho late hour Of
the present co.,,slcut, however, tltc tnlicn-
tior wns TINT the resistance Of the Kcpub-
licuns wou!lt bu general md stca.lfast.
There Is one important compensation for
my form Of tllib,stcrng upon any sub
ject in the last tlays Of Congress
s(onni session. 1t hns the effect to bur the
passage Of u,nny jobs MID private schemes
TINT would otherwise bu surrcd 0yer
or rushed through by trading. Whatever
criticism may be passed ul'o. tho tnctics
adopted BY tho Republicans, a'a III spite Of
tho tlfsappofntments tito en4l nf Tie session.
will bring, tue pe0le Mt large may iltlt soil'g
comfort i'll tho retlnctfoi that money ilns
bren saved ansl raids OH tho Treasury
! ayerted to certain extent by this contest
Tho action ol the President, In c0sc TN
bill reaches hl,lt, las naturally On
: cited gossle deal Of controversy. Thu
, Treasury l,as beeM divided III op!'s
) ION. Treasurer GlliIlan has been 1ayorin{
, the pnssage Ut tia bill, and Controller Kno'
l,as l,een opposing It. T'lae poslttau Of Svcre
| tary Shcrlnnu has been ti!at tho successful
operation Of the hill Is extremely doubtful
| aud tl,at tllo coerctyo mcasttro against TIL
> hunks Is all wrong, but tint tic effort sou|s
: le tuo,tc to place Tho loan on tho terms pro
D posed II the bill slull pass both Houses. l
Is fair to presume that this is still tho poal
u tlon Of The 1'ressdcnt, as 1T WI
q when tic bllt first passed lilo Sei1
i ate, though strong prcsslir
. l,as bcen brought to hear OIL Him sillc
# tlmt t!Mc. There nre indications, tot
. tl,at tho new Administration would nrcfe
;, the falura of tho bill 1T order
= be- relieved ut tho ottset frotli MI
- danger of Z money paliIc, which
1t apprehenlcd, and from the embarrassment
% wl.icl, will undoubtedly attend tho effort
it ncgu,iate the loan and rcadjust tho finance
IS u,uler tho shock tllat has been received.
fs not unlikely tllat thu knowledge of I'll
fact will exert sonle influence over prcsidel
y. Hayes, md he Is probno'y praying that Il
4; is bill may fall In Congress, III order that
" lllny escape tllo responsibility Of signing I
~ vrfO1nv H.