The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1868-12-11
CORRESPONDENCE.

WASHINGTON, Dec. Z, 1868.
As write the representatives Of the people
arc assembling at the Capitol and the last ses-
sion Of the 40th Congress Is about to commence.
The members now resume their duties with the
unqualified endorsement Of their constituents In
the Fall elections and are therefore prepared to
proceed with the necessary legislation Of the
Country without fear or favor from any quar-
ter. With more than two-thirls vote in both
Houses, and with less than three months Of Ex-
ecutive opposition, Congress may now work
with On independence which for three years has
been controlled In greater or less degree by tho
President. Three States still continue out Of
tho Union In consequence Of the policy Of An
drew johnson. Tn. people have decided that
these States cannot DO brought into tho Union;
and that they must como in under tho terms
prescribed by the Reconstruction policy Of Con-
gress. It Is therefore expected Of this Congress
that whatever legislation is required to encom.
pass the object shall DO enacted. Nor is any de-
termined opposition anticipated. Tho majestic
voice ofthe people by more than four hundred
thousand majority has proclaimed that "lOyalty
shall govern what loyalty preserved" The IL
dial wave which swept the continent on tho third
Of November from the shores Of Maine to the
Golden State carried down the rebel democracy
beyond hope Of possible resurrection, ami there
Is not to-day in the great valley Of the Missis-
sippi between the Alleghenies and the Sierra
Nevada single voice to pronounce It's eulogy.
I. srpcIE PAYMENT.
After the successful reconstruction Of the
South no other questions can command plargs
. share Of public attention rs tho National Fi-
names. Tho disposition Of the Public Debt and
the redemption Of the seven hundred millions Of
our present circulating medium are destined to
become the absorbing questions ofNational poll
tics, and Il is probable that the next President
will Be elected with reference to this particular
plank In the platform Of his party. The mag
nitude Of these questions appears to DO oompre-
hendsd by Congress, and various schemes win
Be introduced with view to the solution Of our
financial problems. Among the many plans
which have been suggested that Of Ex-Governor
Morton, now the eminently practical Senator
from Indiana, appears 70 be the most plausible
and to meet with the largest share Of approba-
ton. Tho Senator proposes to hold the receipts
from customs until an equipoiss Is formed bo-
tween the coin in the Treasury and the green
bssk circulation; and to fx day some two
years hence { say January I. or July /, 1870
on which TO redeem specie payment b..
II d believed that the certainty Of resumption
at given time would tend gradually to reduce
tho disparity between the value Of gold and "a.
per until at the period established by law for
payment Of the grcenbscks date which would
be regarded Is the maturity Of the latter they
would approach 70 near In value to The eo,d
they represent that the dinersDes. ifany existsi,
would Be but nominal. Meanwhile the CONNER.
cial values Of the country would gradually 40
oommodats themselves b the Altered condition
Of the Snanciss without thai dsaEer ofa rsvul-
sioa which must osrtaialy follow the arbitrary
rstirsmsnt Of three hundred and seventy MILL
Ions u grssnhAaks with No. other medium to rs-
place then. p.gif 8t.reir .Hg
new norr 20 WARRINGTON, -
Our city has ban sid 70 rsssnb's HAvss IN
this rsspsct.- tAst u = rsaehsd ealy By "s1s
sssaisAt asd nAzzpv rsad!' WAils tbs b un-
fortunaasay hsttoo true. eaA ASSURE he peo-
PIE Of Maine that the eouparisoa cannot, BY he