, 1881-02-19

Whereby tile Western aud Southern De.
mocracy, with Free Trade, WILL
Control the Situation.
Senator Mcdonald the Head aud Front Of
the Newly-Developed Line Of
Action.
FEELING


WASHINGTON, d. &. Feb. ls.--ln tic pnss-
age of the Funding bill to-day, the Senate
repudiated the recommendation OF its tom.
mittre Oil Finance, ai,d adopted tho bill of
Alr. Speaker Randall, III preference to TINT
Bill as amended by Mr.. l}ayard. The princF-
pal amendments reported by the Senate Cola-
Inittee which Werc agreed tu were those pro-
willing for tile payment Of Interest seni-ar-
nlally, making the time OF tho bonds five
twcnttes instead Ut 1ye-tens, n1l1 Increasing
the allowance for printing a1ld placing tho
bonds from onc-Qunrter tn one-hnlf nf
per cent. The Democrats, generally
speaking, With fire Republicans. voted for
tho per cent rate of interest, while the
greater part nj The Republicans, with four
Democrats asld Judge Davis, voted for Il ~
per cent r,,te. y number If leading ,itepub-
]fcans believe TINT 1t will be itnprac|fcable to
/ 1oat ta1 : per cent bond. and hope that tho
President will veto tho bill; but tho: Pres
ident will not veto IT, :"
TIE sorr.MoSEs nEMocn.trs
are juhIlant at Dayaral's defeat, and say TINT
1t IL Lie first movc ngafnst hlln III tho strltg-
| g!c for the Democratic nonlIna-
| lion for t1lo Presidency III 1881.
to thu, speech delivered by Senator Nc
Donald lust Thursday, iii which 1t Is H.
f! tEluatcd tint l,e laid the cornerstone of II
new, or, rntl,cr, reconstructed, Democracy,
which Is to be 0rg9nlzed for tho political
batt!c-fielts Of lSs, and 1881, ard the doctrine
| Ut irec-trnIe or tarlf-refurnl IL TO become tho
ssIibboletk. Thu Senator's speech WIS de-
yuted to showing tito benefits Of free-trade
! nlltl tho evils Of protection,
SPEAKER 1.ASDA114
referring to the position which the House
| would take with regard to the Sellate amend
,ilcnts to tile Funding bill, sald tllat lie was
| not prepared TO say tint tic cnngu III tho
rute Of commission to bo allowed for nc-
| gotiatlng tic loan fr0nl one-tluarter to onr-
half uf per cent would bo nccopteI without
further consideration and n conference. 1t
las been thu expectation of the supporters Of
tho 5 per cent measure that tnasliIuel, as thu
| Setlato llas accepted tho bill Ut tho 1lolse Ut
Representatives. IN iMallltssutstant1al features,
thu House might waive its decision upon tht.
minor question Of commission. This tea!uro
| of lilo bill, however, WIS Under tho stuciAi
chnrgo Of Speaker Randall wl!e, It passed
tho l1ousc, aud it IL mainly due tn Ills efforts
tint tito rata was fixed ut one-qunrteru[ |
Der cent. Many Democrats questioned tho
| propriety OF no luW II figure, alnl st't'le WerB
| doubtful! whether tint i..tu Would be still.
Client tn pay f0r tho piper md cost Ut e1igray.
INK, advertising, and tllo necessary coninis-
sf0nH. ...... ...-. ..
THE ARGUMENTS PRESENTED 70 THE BEN
| ATT.
| were so strong Tint tho rute WIS Increased to
Une-l,alt Of per cent BY n lurge nlRjursty.
Tho Sr,,uta Finance Committee, slgnally Ut
tented upon most OF Its recommendations,
MIS- aba to ,nntntain tllis fcnturo Of Its bill.
| There wers additional reasons presented III
the Senate tn slow TINT the Increased conf.
tnissibn IL necessary. Mr. Randall. however,
wished tn make II great slcal Of political cap
ithl out OF tho l'ackheyGtl story Ut thu Syil'
.ltcatcs, and WIS especially anxious tt'at there
should be no opportunity gtyetI In t!Ils bill
for wl,nt he calls "tlIo bauk-grab."
'rhcre i,nyo hucn sonlo chan9cs Ut
yicws In thst House, however, upon this
question a!neo the bill was sent to thu Senate,
md thore Is sosnu reasnN to think that the
| Iiuuse will accept tho Senate modification.
II this cal be lnnt, ti!oro will probably bU Ilo
conference upon tho bill, rs tho simple coll
| clrresice lii thu Sennte amendments would
pass It. Tl!ora hAs bten
HOME TALK or \ VITO,
but t:lls talk IL purely speculation. Doubt
less tho brokers' will uRe ru,n0rs 0f tllRt kind
fur their supposed effect Np0n the Murkot
but there IL Ito foundation for such re-
ports. Secretary Sherman, referring te
the statement TINT u veto would
be possible, sattl tonight that there would b.
IN vota; That the bill was t.0t proper sub
jcct for 4 veto. Thu President Secretary
Sherman saitl i.e was certain. would not at'
telMpt to Interfere with tbs decision of the
two Houses upon this question. n,,d tue ol!
wuulI be allowed to beco.ne II laW without
Executive interference. II 1t should fall'
1a.s,nt1 hA HitI4