New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-07-18
A afoDEL OF A GENTLENAN
FRoAK WARRINGTON.
Special Correspondence Of the New Orleans Crescent.
W .Srr,Ns,-1,r,- Tall, 10 10

Special Correspondence Of the New Orleans Crescent
WASHINGTON, July II, 1866.
The preparatory movements for the national
convention to assemble in Philadelphia, are
watched here with the greatest interest. 1t is
predicted that il the South send up numerous
delegation, and they agree on a sound platform, it
viii have powerful influence on public opinion
North. The radicals will of course raise every
possible objection to the personnel Of the eonyen-
ton. They are trying all they can in advance to
stigmatize it as copperhead "rebel" concern
But the truth is, they regard it with great dneas
| ness andif it is discrsetly managed it will have
| telling effect.
It is believed that the postmaster general is
about resigning. He has since resgned.-ED.
CRESCENT 1t is said the radicals have brought
a great pressure on him for this purpose The re-
moyals are mostly in his department, and the OBJ
ject is to get him to resign, the ground that he
cannot consent to such wholesale prescription.
The bankrupt bill now before the Senate will it
is said pass. Itisa most efficient system of bank
ruptcy. This will, it is thought, be a great boon
to the South. Where men are hopelessly il debt
the best thing, inmany cases, for them is to give
up what they have and take fresh start.
The majority in Congress have weakened them
selves by stirring the tariff. The bill they
have passed through the House is more big Job
than a revenue measure 1t has created alarm in
the commercial classes, and disguised some por.
/ tions Of the Northwest. The impression is that
the President will veto the bill if it passes as it
stands.
/ Some persons wish the National Convention to
/ take President johnson at his wOrd-that he will
not be candidate for the next Presidency and to
recommend Gen. Grant to the people as the man
/ for the next time. They say Grant approves Of
| the Presidents policy, and the party would thus
at once strengthen itself by his popularity at the
i North. This idea is suggested but would the
i President like it? Would the secretary of state
/ be charmed with it? And they will control the
4 convention. Mr.. Seward has had his heart on the
i Presidency since . time whereof the memory of
man runneth NOT to the contrary and the next
/ time is the last chance for him-for Time, to whom
everything yields is fast eneroaching on the pre-
mier.
The bill now pending in Congress to regulate the
time and manner of the elections for Senator'S is
trying to do what the Constitution of the Confede
rate States provided for. The two evils com.
planned Of in the present mode of election, are
first, the election is brought on at improper times
by legislatures, who thus defraud the people out
Of Senator expressing the public sentiment, and
that there regularity to the mode ofelection
Gen. Sherman has been making another speech
on Fourth of July celebration in Illinois, He
attempts to defend himself for burning Columbia
His defense is failure. He insinuates that he
. could not afford to leave portions of his army to
e protect the cities he passed through.
8 The money market is certainly easier since the
y war broke out in Europe. Gold has fallen and
4 American securities are in increased demand. The
panic for gold preceding the war, ana the mulish-
ri ness of Congress, interfered very much with the
plans ia finance Of the secretary of the treasury
But for these causes he had intended to force gold
down by one operation to 100. But the war panic
ran away with the stock market and the secretary
had to bide his time,