The New York herald., 1868-06-17

THE CHASE MOVEMENT.
-o>>o~~~~-~->o>~~.~~o~N
Feeling In tho West-The Elements of Success
In the Chase Movement-Relativo Strength
Of MIR. Pendlet0n and Mr.. Chase-Rndical
Concession that the Chief Justice Is the
StrOngest-The Intrigues in the Democratic
Party-DisaGecti In the Pendleton Ranks
A strong Chase Element Discovered In tho
Ohio Delegation.
Cincinnati s one Of the many cities that prospered
greatly during the war. The reaction set in with
peace and perhaps outside of the city OF New York
none felt it more than the metropolis Of Ohio which,
from its position, transacted vast deal Of business
with the South. The money accumulated during
the war has been invested here in thousand ways,
and great deal OF 1t has been lost through the
shrnkage in values which ensued all over the coun-
try upon the re-establsent Of peace. The business
OF Cincinnati to-day actual figures Is not smaller
than It was during the pamiest OF its days. but
profits are less; while, according TO the
natural ratio OF increase, business at the pres
ent time should be much more extensive. The
equality in figures has been sustained by the increase
in home business. The transactions with the South
have been of very limited extent The old custom
OF long credit has been abolished, and sales
are made on the expectation OF payment from the
growing crops in the Southern states. Business is
conducted with that region on an emphatically cash
basis and money IL scarce there the business is
anything but extensive. Hence no persons in the
country are more socitous for the re-establishmen
OF good order than the merchants OF this city. The
restoration Of good feeling with the South would
add millions annually to their revenues. They are not
extreme politicians and have not been the most
tive participants in the political cOmpagns Of the
two great parties Cincinnati is purely CONNER
hoxya <1auof oil f,o
selves to politics The coming Presidential election
has, however awakened a deal Of interest in mer-
camille circles. particularly where reverses have been
sustained or where business has not been most
prosperous. It is very natural that men who lose
money who do not make money at a
tribute their want of success to the condi-
ton OF the country and desire change In Its
management. The feeling is prevalent here that the
change in the administration OF the government
would be beneficial. Hence, the way has been paved
for grand movement looking TO the removal OF the
radical dynasty at Washington.
The Chase movement is too new to have gathered
as yet the elements of conservatism among mercan-
tile men, IL is a novelty In the political line which
has surprised them 80 much that they have hardly
recovered enough to consider or discuss It, This
much may be said of it, however, while IL has
startled the radicals it mas delighted the democrats
The latter do not take TO 1t Us warmly as have some
OF the professional politicians because they have
pinned their faith on Mr.. Pendleton's coat sleeve
They do not oppose it or decry It: The democratic
~
like their brethren in the East and they fall In with
the popular movement for greenback payments,
tutes their capital and wealth has been invested in
the expenditure OF their business facilities and In
real estate. Hence they can afford TO JOIN the masses
| on the question OF the redemption or the bonds,
which, after ALL IL the great political question OF the
West.
II would be wrong to say that there ls not deep
and earnest feeling for the election OF General Grant
but II is confined TO those who represent the more
radical wing of the republicans This portion OF the
|
one. General Grants friends say that his election
win bring about the very state OF things which their
more restive and uneasy brethren anxious for
| II would settle the political agitation exciting
the country. The South has got 20 certain step in
reconstruction, and his election would remove all lin
gering ideas there of change In the political admin
isration OF affairs. Ii would confirm and complete
what has been done. and stimulate all the branches
| of agriculture and industry TO immediate action.
| The election or Mr.. Pendleton or any other demo-
| cratic candidate would, on the other hand require
the work to be done all again. II would revive
politics in the South and create party feeling and
ambition that would be fatal to the development OF
the long neglected resources OF the region. The
chants who hold this belief say they would feel safe
| under General Grant again. because he Is not q
| politician and that for this they could not
| view with complacency the success OF either Mr.
Chase or Mr.. Pendeton. They will prove great
power In the canvass representing @ % as they do
operating with the organizations Of loyal leagues
| and the army fraternities which have endorsed the
| The few merchants here who are bondholders-and
| no distinction IL made with reference to party-are
| a
the expiration OF the five years The cause OF this is
| their fear that what Is now policy OF payment in
| greenbacks may in the future become one OF repu-
| diatlon. The growing popularity of the idea has
alarmed them, and hence their Willingness TO con-
| sent TO change in the rate OF interest-a step
which would put an end TO the cry for the taxation
| of the bonds.
Those that come from the South state tnat on the
| steamers plying on the Ohio river the question of
Chases nomination has been the subec OF most ear.
nest debate and widest comment. Travellers from
Kentucky and Tennessee say the matter Is discussed
in q vVay th tqavp mn that
be popular in the Southwest as he IL In the East.
The radicals In this vicinity concede that the chief
Justice Is the strongest man that could be run
against General Grant, and they make the curious
admission that II the democrats going TO win In
Chase elected than any other man which the party
could put In nomination. Rebellious child OF the
party he has proved himself there Is still aec.
ton and admiration for him which his evil doings
have oblterated There s enthusiastic radical
in this State who Is not going 20 vote for Grant and
Cofax IN the arrangement OF which ticket he says the
| Chicago Convention got the misplaced and that
Cofax should be the leader lie rdicues the radical
short cabre is in front and the long calibre In the
| rear. His case Is q sample OF many who would vote
| for Chase were he nominated thus orsettng those
democrats who, 10 Is claimed, would vote for Grant
rather than for the Chief Justice man long iden-
| tilted with the republican party One democrat
thinks that many OF his brethren viii vote for Grant,
| who, in his and their opinion, viii prove what he
| styled worse sell upon the republican party
Radicals who express their views OF the relative
chances Of Chase and Pendeton-and to such men II
may be well to give some attention, as those who
look on frequently see more Of the game than the
players--say that Pendleton would poll larger vote
In the state OF Ohio II not In the whole West. than
his newly found rival. Whether these men speak
through Indignation at the Chief Justice for his anti
radical course from honest conviction they allege
that Chase had an opportunity OF proving his popu-
larity when the Ohio republican delegates assembled
last winter, and when he was anxious to have his
name presented before the Chicago Convention.
Although he had exerted his utmost en-
| deavors through the State Central Committee
and had pulled all the wires within his control, the
| delegates on assembling presented solid front for
| General Grant. SO much, they say, for Mr.. Chases
| popularity In the republican party, and so much
Tor the injury he will do II II nominated against the
Chicago candidate.
Among the politicians and In the newspaper world
the Chase movement has suddenly excited the deepest
| interest. The democracy In the West are divided
into two factions-the regulars and the peace demo-
| cracy. Both parties derded the stories from the
Fast about the probability OF Mr.. Chase's candidacy