The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-11-29
WashlO gtOn.
Correspondence OF the Herald.l
WASHINGTON, Saturday Evening,
Nov 26. 1912.


Every thing is quiet and barren OF interest here
at present, that can hardly pick up materials enough
Tor letter, still under curreIt is always stirring
which, to the Initiated, affords food for thought and
speculation. On the surface of things there is
tombllke stiffness, but below it every thing is in life
and motion. To the mere locker on, Washington
is the most demure, prosy, quaker-kind of place in
the country, the embodiment of all that is refined
and moral, the very model of purity and perfection
but draw the curtain, step behind the scenes, and
you discover it to be the very quintessence OF all
that is asomnable in morals and politics-even in
religion II would be the same, were it not for the
pretty devotees that throng the churches and soften
the hearts OF the barbarous into something like
plety of feeling. The Catholic. churches exercise
the most influence and are attended by some of
the most superb beauties that YOU conceive of,
perfect Madonpas form and feature, with blue
eyes, golden tresses and ali that nameless witchery
of form and repose OF manner. which can be better
imagined than described, who compel the male part
of the population into at least show Of devotion
III have envied the divine Guido his immortal
art, II was when gazing on those magnlfcent crea
lures; there is something arlsocratc IN their style
of beauty and they wear their charms with so much
grace and bien raaance that you feel as II transport
ed ia'o the presence OF some divinity. Hereafter
liant gems In this diadem of beauty as it may be Of
interest TO the Catholic young men of your city
The political elements at work. but no de-
velopments have as yet been made-Benton is on
the ground, and Allen, Of Ohio, arrived a couple OF
days since with little Weller under his wing, that
there is mischief in the wind II is said, the great
Missouran will open the political ball with fierce
attack on the bankrupt bill and that the democratic
party will make this one Of their prominent issues
| can hardly believe it. The democratic senators
no doubt opposed to the bill in its present ul-
Ineligible form, and it may be to the voluntary fea-
ture Of it which offers so great an inducemen TO
the commission of fraud, and which trenches so
much on the insolvent laws of the States; but il
to me, it have understood their views cor
recty, that they are In favor oil permanent system,
freed from those objections, which will act prospec-
lively and be uniform in its operations, and which
will tend to the establishment of more healthy
system of credit by preventing the of the
wild and reckless career of speculation which has
so injured the country.
In the closing paragraph of my last letter referred
en- PEASANT, to the exchequer scheme, as calculated
with some notifications, to give repose to the
try 1t wise counsels prevail these notifications
viii! be made for with the exchange feature in 1.-The
bill can never become law. The strongest oblec-
ton to a national bank is, that by of its dis
count power it is enabled to control the monetary,
and indirectly the political interests OF the country
objection that would apply with tenfold force to
any plan which would vest the government itself
with the power of exchanging its credit for that of
individuals, whether it be disguised under the form
discountlng promlssory notes, but strike out this OBJ
ectionable part of the bill and with it the credit fea
ture proposed by Mr. Forward, authorizing the
issue of three paper dollars for of speciereduce
it to the specie standard and let Its receipts be con-
fined to specie or exchequer paper-in other words,
lett specie clause be inserted in itand plan will be
presented which, under existing circumstances, the
democratic party would be willing think to make
trial of Such bill would receive the support of Mr..
Walker and the whole Calhoun side of the Senate,
but in Its original form, or containing clause per-
hitting thu receipt of bank paper in payment of the
revenue, would be voted down.
From all that can learnthe President is himself in
favor of such modification of the scheme The ex.
change feature originally introduced ,mere from
comp ment 10 Mr. Webster and desire to conciliate
the wings into support of the measure, than from
settled conviction OF Its proprlety as permanent
policy: The President knew that the bill could be
amended at any time, and did not look so much to
the details to the general features of the pan and
the good effects it would have in putting an end at
once to the vexed question of national bank
With such feelings he submitted the plan to Con-
gress, believing that his real views the subject of
the discount power and the necessity of the Govern
ment being strictly confined specie in its dealings
could not be mistaken after the he had taken
in 1917, in urging this policy upon Congress.
mus. ms n E N wnasvei M sy we , w
of Congress. The wings will cuff it out of pure
hatred to the Captain, while Benton will make war
upon IT because, as he contends, the Government
is not authorized to intermedde with the private
affairs of Individuals and that it might as well be
employed TO transport a mans merchandise from
New York to New Orleans, as his money. These
let alone theorists, however, are going down, and
exercise at this time but little influence in the
Try healthier, sounder state OF public opinion, is
beginning to be perceptible that those visonares
with their ay-dreams OF finance, will soon be era
died in the sleep of forgetfuness.
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