Year: 1874

TIE FlNANSlAL IhODh1'h'


THE ppps,nryr \.oPPOsED TO THE SENATE Con-


prNcy RuI-PI.ANs OF ThS NfLAiioNioio IN NiN


VIEW OF THEIR DiSCoMPIrURE--ALhI"iD iii'4


MING OF A oANDIDAIN FOR THE PhEsipHNOf-


ACTION OF THE HOUSE COMMITTEE On DANAiN'


AND CURRENCY.


iBr TELEGRAPH TO TIE TsrBUSsl


WASHINGTON, May 1.-THE attitude of the fresi-
dent toward the new Senate Currency bill IS no
longer matter of doubt. On Friday hs said to cer
tain Congressman who consulted him ihe subjectc
that he should veto any measure that was less con-
servative than the bill reported by the Senate
Finance Committee; and yesterday he expressed
his disapproval of the misnamed compromise meas
ure passed by the Senate In very positive and un-
mistakable language.


A majority of the inflationsts are probably not
vet aware that the President has made up his nina
to veto the bill if it is sent to him. Those who are
convinced that such is the case are divided as 10 the
best course to pursue. few favor retreat 10 the
original Finance Committee bill as the only ground
from which they can be sure that the President will
not dslodge them with his veto messageydrtillery.
Others and probably the greatest number want
to pass the bill as 1t came from the SEN
ate, and thus defy the Executive to reopen
battle. A third party propose new compromise,
hoping that O few cheese-parings can be taken
off the Finance Committee bill without making 1t
odous to the President. Speaker Blaine 1t Is SAID,
encourages the latter party. His Presidential as
pirations make him the champion compromiser of
Congress. He breads nothing so much as a quarrel
within the Republican party, and is unremitting in
his efforts to harmonic the differences between the
indationists and the honest currency men. A con-
seryative in his own views on the currency qucs-
tion he is nevertheless willing for the sake OF peace,
to temporize with the heresies of Morton and But
Ter. He favored the scheme reported by Senator
Sherman from the Finance Committee,
as fair compromise. and was gen.
orally credited with the authorship of
it, but he Is reported to be ready TO yield
little more to the infatioDists, and to agree that 40
instead of so per cent shall be the amount OF green
backs retired for the new National bank currency
issued. This reduction of 10 per cent looks Ike
picayune business. and does not meet with favor
among the resumptionists, who say that with Grant
on their side they ought not to be asked to yield an
inch more than they did in the Sherman bill There
is talk of conference at Blaine's house tomorrow
night, to attempt to fix up some such new compro-
mise as he proposed.


1t is scarcely probable that any one will be lndis-
Greet enough to make move In the House to pass
the Senate bill by suspension of the rules. A
motion to do this would from all appearances, fail
of the necessary twO-thirds vote The Banking and
Currency Committee meets tomorrow, and Will
probably agree by vote of to 8 to report the
Finance Committees original bill as substitute Tor
the pending measure. The chairman, Mr.. Maynard,
will naturally be found in the nfatonist minority
The temper of the House on the question has been
good deal modified of late number OF Western
members who have made flying visits home recently,
bring back the report that the people "Ont West"
are not unanimous in favor of watering the cur
rency as their Representatives imagine. A Wiscon-
sin Republican reports strong element in his State
opposed to imitation, and an Indiana Democrat says
he is convinced that in his district the people are
about evenly divided on the question.