, 1866-03-29
FROM WASHINGTON.
The Contingency of q Presidential
Coup D'Etat.
WILL He COMPEL TIE ADMISSION
- OF SOUTHERN MEMBERS
:. a.. BF FORCE2 -. !, j
The Modification OF tho Loan Bill.
From Our Own Corrcspordent.]
WAst11sorny. Mir

Inc MODIFICATION OF the Loan BILL.
From Our Own Cotrcspordent.] -
a.. .WAsu1so1ox, March s1.,
CONCERNING A coup p'ErAT. Z
Ever since the delivery Of the i1temperate
harnngne with which the President protanel
the last anniversary Of Wa.hington's birthday,
the possibility OF attempts ut extreme meas
urcs on the part Of the Executive, to break
the firm resistance to his reconstruction pol
Icy Of q minority In Congress, has been eager
ly discussed here. The knowledge Of his OBJ
strcpcrous, passionate tenn permanent, COM
blned with Ills reckless, defiant, threatening
utternnces oflate, has given rise to apprehcn-
sions, even among men not nfarmfsts by na-
ture, that, once Launched upon course Of
outright hostility toward Congress, lie will
not stop short Of any means to make It sub
mlssive to his will and force the readmission Of
The rebel States, The contingency of coup
d'etat Of some sort, indeed, has been contem-
plated seriously By the patriotic minds In and
uu1 Of Congress.
As the readers of this correspondence must
know by this time, 1 was not one Of those
who have been deceived in the past by mis-
tives mud sinister purposes of President Johu-
sou. always believed him capable OF more
evil than good. 1 accused him Of duplicity
and insidious intcnts, more than seven months
ago, when the very whisper Of q doubt Of lis
taithfnlness to the party that elect
ed him, raised perfect storm of reproach
for causcless cavils and tault-nnding. But,
Notwithstanding the low moral md political
estimate place upon The accidental oecn-
pant OF the White House, ! do not consider
him foolish and corrupt enough to- entertain
thoughts Of the criminal projects ascribed to
him by superan1ious patrlots. Whatever his
capacity for political iniquity may be, he has
too much sense for such desperate ventures,
And again, even though It were proved that
he is bent upon accomplishing, by lawless
violations, what he cannot bring about by
constitutional means, there would not be any
ground for scrious alarm. Who has 50
small an opinion Of the republican spirit flour
people Is TO believe for 4 moment, that an
attempt to effect the admission Of Southern
members into Congress by physical force,
won!a be countenanccd by any nom'nally
formidable faction! Who knows 60 1ittls Of
the deeply-rooted loyalty Of the masses, as
to suppose that 1t would ind any more ahct.
tors in the North than did. the rebellion In
the glorious days Of the popular uprising for
the defence Of the Union In the spring OF
1861? A conspiracy for the subjectiou Of
Congress by brute force won1d hare even less
hope Of popular support than had tho con-
splracy for the overthrow Of the Government
by assassination! The halter aud eternal In:
fanny would overtake its originators and sup
porters In less than no lime. Some parsons,
more tlnld than others, seem.to fear that the
regular army might prove willing instru-
ment for the subJugation Of the National
Council. Those trembling souls shonld bear
in mind that General Grant Is at the head Of
the army. And II there DO not assurance
enough for them in this. let them sound the
feelings Of any officer and soldier within their
reach. / have conversed with many officers,
regulars nnd volunteers, upon this subject,
and undertake to say that there Is not mau
In uniform In this capitnl that could be pre-
against Congress.
THB LAST PIECE or PRESIDENTIAL DurL1cITI.
An intense feeling Of indignation, disgust
and contempt toward the Prcaident has beeh
produced In all true men here, by the 1ast and
most indecent and shameless piece Of Execu-
tive duplicity, In connection with the
party contest now progressing In Con-
necticut. Not even trcacherous old
Buchanan himself was ever guilty Of
such outrageous double.dcallng rs Andrew
johnson In his verbal assurances to Gen, Haw-
ley, the Republican candidate for Governor,
and In his written encouragement to Republl-
caa Conservatives to vote ior the Democratic
candidate, contained in his reply to the letter
of the Hartford Postmaster 1t is 10 be
hoped that this scaudnluus development will
at last open the eyes Of the Republicans that
have insisted all along upon tue Presidents
fidelity 10 the Onion party. It now becomes
m interesting question how Postmaster Cen
era1 Dennison will make good the allegations
made in his letter in regard to the New HamP-
shire election, as to the hearty desire Of the
Administration for the success OF the Repub-
hcan candidates, and how Secretary Wcl1cs
will reconcile Ills avowed predilectiou for
Gen. Ha~ley With the Presidents openly pro
claimed preference for his opponent.
TIE MODIFICATION OF TIE LOAN ELL.
The Committee of Ways and Means have
had o hard time Of It with their efforts to
solve the intricate problem of the loan bill.
The gap between the financial policy of the
Secretary Of the Treasury and the apparent
sense of the majority regarding 1t, as deyel-
oped by the rccommitment Of the bill, was
sufficiently wide to render tho construction
of bridge anything but IN easy task. There
was apparently deep anxiety on the part Of
the Committee to prevent a fatal Disagree
ment between Congress and the head Of the
administration Of the public finances as to
the line Of action to be followed In the
successful management Of the latter. Whether
this end has bsen attained by the amend
ments, with which the original bill was hue-
ried through, on yesterday, remains to be
Eeen. The tone ofthc letter ofthe Secretary,
addressed to A1r. Morrill, under date Of day
before yesterday, which was read during the
debate On yesterday, md, suppose, tele-
grnphed in full TO tic press, indicates that be
adhcrea very firmly to the policy advocated
in his annual report. Moreover, lie has de-
clared uniformly within the last few days, to
callers, that he will not be satisfied with aug
halfway reasons. Whether be will agree TO
follow the course dictated by the Honse, or
mike his continuance In his present position
contingent upon closer conformance Ito his
views will depend, no doubt, upon the rela.
tive support Of the latter in the Senate.
The letter OF the Secretary, referred to
| above, was In reply to resolution of The
! Committee, requesting him to inform THE
! Committee, whether the information. received
| by II through one of its members, 10 the effect
that the Secretary Ia Of opinion. thai he Is,
without further legislation, sufficiently armed
/ with power to warrant the policy announced
| in his late annual report, Is correct. The
/ Secretary wrote the Committee that 1t had
been misinformed. The member who misrn.
derstood his views and mis1el the Committee
was lir. Wentworth. The wrong impression
as TO the secretary'B wishes had the effect d
creating disposition among the members o.
| the Committee to conhne themselves to bill
simply defining more clearly the powers con
ierred on the Secretary by the act Of March
1868, until the reception OF the correcting
letter.
The Committee, with all but one exception
(Mr. Hooper,) voted to submit the bill Will
amendments to the House. But BY this vote
the several members did not propose to com
nit themselves as indorslng all the feature:
Of It. Mr. Wentworth was still In favor o
giving the Secretary all the power asked fol
in the original bill, and a1r. Allison was still
opposed to the foreign clause and to the CIV
fng authority to negotfate bonds below pat.
Upon the first vote on the bill, 10 less thar
forty.acven were not voting. That considera
bic lodging was sesorted to, seems undcnia
bic. or the Illinois delegation, Mcsszs. Wash
burne, Wentworth, Cullou,, Monlton, Farms
worth, Kuykendall, Ross, Thornton and Mar
shall voted for, md Messrs. Baker, Cook
Bfomwen md Harding nggalnst It. Ths Dem
ocrats. supported the bill In solid body.
R.,1road farcs on Southern roads vary rom ei1
10 seven cents per mile With the necessary travc
| Of such EoYthe1n men Is arc seeking to draw on
l knd IN Y,rir,