Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-10-11
THE GREAT REACTION.
The Influence OF the Late Elections on
she Radical PIans-A Radical View
OF the SifuatiOn-They ROOsf Lower.

the Radical Plans-A Radical View
OF the SituatiOn-They ROosf Lower
From the Cincinnati Times. Evening. 9th
Radical.
As We apprehended, the political It'd,
that set in from the Pacific and the "a,
| Northeast on the Atlantic has swept or
over the interior. Some local interests
operated in California and Maine, but after
making allowance for these, we could not
avoid the conclusion that strong reaction
had set in; and while We set down Ohio al
10000 Republican majority, we had moi
faith enough in Pennsylvania to even in.
innate our belief that the Old keystone
would be carried. 1t is now doubtful II
the larger part of the 10000 is secured in
Ohio.
Every observer of political returns has
| discovered the rule that, when the current
begins TO flow strongly in one direction.
the reliable returns that follow the first
dispatches always show greater losses on
the one side and larger gains on the other
than were at first indicated. We do not.
therefore, look for any improvement on
what we have, bat we do look for still
heavier Democratic gains.
Congress, when il meets next month. will
of course, feel somewhat modestly in
cllned. We believe in respecting the pop-
ular will and do not believe that the ex-
ample of the President in this regard ia fit
for Imitation. What is that will in refer
ence to the course of Congress? 1t il. and
nothing else, that Congress has gone to the
full extent of prudence in the question of
reconstruction. The majority, Ia bare
MAJORITY, of the people sustain Congress.
mot counting, of course, the Southern
Rebes.)
lhe present plan of restoring the Union
is approved, and will be carried out but
all the Radicals of Congress may now
cease TO agitate their other measures. I'm
peachment is now laid on the shelf as is
also that daring adventure in the appoint
ing of committee 20 inquire into the gov
ernment of Maryland and report whether
it be republican in form" or not, as well
as the Sumner project of forcing negro
suffrage upon ali the Northern States. Con-
gress can now devote itself to the support
of what it has done 1t will be all it can
do in that regard
The only fear there is now in respect to |
reconstruction is that the result Of the |
elections will weaken the back-bones Of so |
many Congressman that a two-thirds vote
can no longer be commanded against the |
veto power, Mr.. johnson will do all he |
can TO embarrass the operation of the law |
In the South, and he will veto all the |
measures of Congress calculated to check |
him and if the two-thirds vote shall now |
fail, Congress may be compelled to let the |
work go over to another election, or to COM
promise to some extent with Mr.. johnson. |
The result of the elections on the public |
credit will be considerable. The leading |
New York operators in stocks are Demo
Gratis, and the great gains of their party will |
afford them the pretext for 'bearing" the
bonds and stocks to their own satisfaction.
The indications now are that the democ-
racy will feel encouraged TO press the ques-
ton Of taxing the bonds, and that will serve
to drive them out Of the country, while the
noise that has been made by Pendleton and
other Democrats about taking up the honds
by greenbacks, issued 10 a destructive in
aation OF the currency, will serve to alarm
the foreign bondholders and TO depreeiate
their value in the European markets. If
this alarm shall be sufficient TO keep the
bonds at home, then the determination of
The Democracy 10 tax them will greatly
iepreciate their value i'm our markets.
Were il not for the greenback question it
would be very easy to keep up their value
abroad and to push them beyond the reach
lf Democratic taxation.
The amendment is lost in this State by
1 very large majority. Itshows that multi
udes arein favor of making the blacks voters
n the South while they are opposed to il in
he North. They seem TO feel that the bal
OF Is indispensable to their protection in
he South, aud they support il there as a
1art Of the Congressional plan. The fact
hat many upheld it in rebeldom while
hey oppose il in the loyal States, is evident
rom the vote polled for the Republican
icket in contrast with that against the
he amendment.