The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-11-19

people 10 establish equal nights and protect every
change win be wrought in their feelings and sensl'
ments.
REroHrER-As a legislator, Mr.. Wilson, what do
cnt States, and win there be likely 10 be constitu
tional amendment adopted to secure III
lieye we have now the constitutional rower TO legs-
late on that subject Mr.. Bingham, OF Ohio, who Is
e au,nor OF the nrst PARAGRAPH Q; inc
Congress would be empowered 70 give equal suffrage
In all the States. Some very eminent men IN the re-
publican party-some who have rendered great ser
vices TO the country-doubt, however, the power OF
Congress to legslate on urs subIect. Inc Cnicag0
the loyal states be onged 20 those States and in view
OF that declaration and the corresponding opinions
OF eminent men OF the republican party think 1t 70
doubtful II we an pass any law on the subject II,
however. we cannot enact such law Congress
should at once submit an amendment 70 the con;
rights and. privileges 70 all It's citizens.
There My seven democratic state Legislatures,
and thin,l In months the States would adopt
an amend ent and thus settle the whole matter for
ever When equal rights and privileges are secured
to all citizens q the United States and all citizens
part OF the country, then, and not TIL then have
reason to believe that we shall have peace.
withstanding these and various other important
matters which win crowd upon Congress- that the
financial qsestion win be among the first to receive
Senator wIIsoN-Yes, that ia true; for there has
been great change in pubic sentiment on financial
VIII probably manifest itself 10 some extent as soon
az Congress assemblies. Pendletons greenback
thing Ike Douglas squatter sovereignty. II
was rather taking with the. people until it
pletely staMpeded by it. but time and discussions or
the matter wrought wonderful changes In the public
sentiment or the country and those changes are in
layoI OF maintaining the national faith and OF I'M
proving the currency. The election in my Judgment,
has pronounced In favor OF returning to specie pay
menta, not by any hasty action, but by steady and
economical pedicy would not increase Ihe paper
circulation OF the currency but would strive to so
improve our credit az TO diminish the difference be-
tween gold and groenbacks We have got TO equaze
the banking systefn cther by reducing the amount
OF circulation In some States or else reduce the
amount OF preenDacks In circulation Instead Of re-
ducing the circulation In older sections OF the coun
try would increase the banking facilities OF South.
crn and Western States by reducing the greenback
circulation In the same proportion as enlarged the
currency circulation, thus preventing increase OF
payments iwould wipe greenbacks ont altogether
and adopt free banking system. What the new
States OF the West and South need Is banking capital
10 take care OF their local interests.
REPoRrER-pon't you think that the action Of Con-
gress on finances may be somewhat influenced by
the present pressure IN the money marketf
Senator WIISOS-Yes, that Is possible; but 1t Ia
quite evident that this pressure is artificial and has
been brought upon the country by SPECTATORS and
stockholders; by men who have been operating to
break down stocks with view to enrich themselves
and that the managers q, OF some Of the national
ting with these SPECTATORS and stockholders. The
business interests OF the country have been or
less sacrificed for the private gain OF jobbers, and
such proceedings should be stopped in the future.
The national banks were not created to he used by
spectators In their interest and Congress ought
70 Immediately Investigate the action OF some OF
these institutions particularly those in New York.
In connection with the present pressure in the money
market and II the managers are guilty 1t is
alleged they are the charters or such banks ought
TO be revoked Immediately. Congress might devise
such legislation concerning national banks as shall
make those institutions the landmarks OF the mer-
camille and business interests OF the country, and
unless the legislature OF the country shall enure and
abuses or the national banks our banking system
Will be greatly weakened In the public mind.
The foregoing may be safely reckoned as Sena-
tor Wilson'S Views. gathered during an evenings
conversation, upon the principal questions likely to
come Immediately before Congress. The Senator Is
warm friend and enthusiastic admirer OF General
Grant and will undoubtedly be In his fun confidence
and reflect more accurately than almost any other
the likes and dslikes or the President elect upon
matters OF public nature. He leaves Natick for
New York this afternoon, and will undoubtedly call
upon General Grant dnring his brief soJourn there.