The Sun.
London, England, 1867-10-28 00:00:00

THE UNITED SVATtS.

Puller accounts entirely confirm the report of the over-
whelming defeat of the Republicans in the United States.
It has been so complete that negro suffrage is now consi-
dered doomed, and the candidature of Chief Justice Chase,
the advocate of the most extreme nigrophile opinions, at
an end. Mr. Benjamin Wade, President of the Senate,
who had been looked upon as Mr. Johnson's successor if
the President were turned out of office, has also
suffered political shipwreck, and will not now be re-
elected to his present office, but will, it is be-
lieved, be succeeded by Pendleton or Vallandigham.
They are leading Democrats, and in favour of paying
off the Five• Twenty United States Bonds in greenbacks.
Some sanguine Democrats have named President Johnson
for re-election, with General Sherman for Vice• President,
but it is scarcely possible that the first candidature can
succeed. The moderate Republicans, finding that their
extreme policy has brought disasters upon them, are now
moderating their programme, and are putting forward
General Grant as their candidate for the White House.
The present Minister of War is believed to be strongly
opposed to the Congressional plan of ruining the South.
It is thus by no means improbable that he will be the
successful candidate, but it is not as yet certain which side
will nominate him.

That "repudiation" will be the financial policy of the
United States becomes more probable in proportion as the
Democratic party prevails. At the political meetings of
this party the strongest dissatisfaction is being expressed
at the present heavy taxation. General Cary, who has
just been elected at Cincinnati member for Congress by
the working men, made a speech after his election, in
which he declared that he was in favour of paying the
bondholders in greenbacks, on the principle that " the
capitalists of the country ought to pay their share of the
war debt." At St. Louis a meeting of Democrats de-
dared that " We hail the result of the elections in Penn-
sylvania and Ohio as an indication that the people of the
country are unwilling longer to be taxed to death for the
political elevation of the negro, to the exclusion and
degradation of the white man." In Massachusetts the
Democrats have received a large accession of strength in
consequence of the dissatisfaction caused by the Repub.
licans in their attempt to enforce the Maine Law. In one
place the police, in attempting to put down a drinking and
gaming establishment, came into violent collision with a
mob, who resisted the attempt. Shots were fired, and one
of the rioters was killed.

The discovery of the forged 7-30 Unitedi3tates notes has
caused great excitement. It is impossible to tell how
many of these are in circulation, since the forgery has
been discovered only on presentation of the notes at
Washington for redemption at the expiration of the three
years' limit to their existence. It is supposed that the
plate from which the notes have been engraved was
stolen from the Treasury Department. There is a dispute
between the brokers and the Government as to who shall
bear the loss. The first refuse to repay the money which
they have received, and it is probable that Government
will have to apply to the courts. About $BO,OOO worth of
these false notes are supposed to have been cashed at the
Treasury, but the forgery is so perfect that it is almost
impossible to ascertain the real amount.