The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-11-27
Onr Washington Correspondence


Frsshado,cin0 et-aic Secretaries R7povts-se 7rg-1r
o,5's viceshe P'isedensaI Contcit-Gamcs on ne re-
lVtcol Chess Boari-le republicans Anroas for Coals
ion beween Senator Douglas and TIE Adrnin,srGtio,-in
tereinG Statistical Calculation for The Campaign of 1900
I,a,ofarc: 10 The Democracy the Immediate Ado,isos
Of Crrgo. asd Kdrsns, etc
All rumors as to what the Secretaries will or will no. re
eoB,Fueua. must be taken with much allowance az they
have determined 10 keep their own counsel and not com
nuncae their views to the public advance of their re
ports, which are ye. unwri,ten.
Judging Of Mr. Cobb by his former report It Is scarcely
reasonable TO infer that he Is favor Of an increase of the
tariff ia well known that the manufacturing and com
mercai world at icasthc experienced and enght
ened portion oft deslre nothing much stability and
pcrmanency the rates Of duty They invest their csp
tai upon existing state or things with the expectation
OF receiving paying dividends II that state OF things l.
preserved This given they have only to bass
their calculations IN the management OF their Affairs upon
the demand and supply II is believed that the best pro
lection which American labor oar now receive At In,
hands Of Legislation Is by prohibition Of the circulation
of bank notes bills Of credit The influx Of the precious
metals during the past ten years and corresponding in
In bank circulation, have so adulterstcd
the currency thai dollar represents only half the
quantity Of labor that Il did ten years ago. Our pro
cucers are paying for their labor these inflated prces
while they must sell tier surplus 10 foreign markets al
bard money prices On the other hand, foreign pro
ducers enabled 10 obtain twice the OF abor
for dollar which can BE- produced in this country and
by sending their products market selling at our
inflated prices, they have M again at advantage
With present supply OF gold there Is no excuse for
bills OF credit. The issue Of circulating should not
be Suffered to beyond the of specie aad but
lion IN the vaults cf the bank Then they would answer
the same purpose with checks and bills Of exchange
There IS little doubt but thai the people OF this country
With their labor saving machinery and skill in adapting Il
could compete with any other nation in the worli they
had the basis Of value for labor II is little sin
gular that the most rabid OF the protectionist,
should also be the parties who favor large
Issues OF bank notes and expansions Of credits. r.
rem;ncs Of housckccpcrs who vii, purchase sdu
teratcd coffee or spices because they cheap
soney put up, though they Obliged 10 make up in
quantity than they In price order produce
like results so that the operation proves
instead Of an economy. The continued influx OF gold
likely toinate prices quAe sufficiently without being adl
tcrated with paper.
The republicans now becoming rather anxious to
Douglas coacsce with the administration democracy
independent candidate carrying four or Eve Western
free States and perhaps Pennsylvania and ono thereby
defeating them and securing the o the democra
cy, orwhich would be just had for thcm--throwing
the election into the House, where Is the rcpubh
cans will stand no chance Of Mr. Douglas has
written here that, owing illness In hts family he will
arrive at the opening Of the This may be for
tunaie for him, upon the pursued by him and
bis friends In the carly days Of the may depend
the reunion or complete ACKNOWLEDGMENT o the democratic
party.
The following figures show The vote of the nex, Eccts
raj College, IN case Oregon and Kansas are admitted