The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-07

| at the practical AFFAIRS OF the DAY with
eyes OF living men that we can ascertain
what Is wise for us to do. and while
am not disposed to regard precedent,
while would look into the writings OF learned
men FOR their ideas and for the experience which
other nations and other generations have had.
sun believe that the best security In regard 10
ideas, policy ana power is to be found In the ex.
animation OF existing facts. and trust the udg-
ment OF living men. tAppiause) But, gentlemen,
you see now easy 1t IL for man, VINO IN early
lie was seduced into the unwise practice OF maEng
speech to be drawn by the presence OF genial
faces and the Kind cOmpulsion OF over jealous
friends into making lengthy speech. Excuse me
FOR what have said. Believing that desire the
prosperity OF your city. or your State ana OF your
country. ASK nothing OF you personally. nut thar
you advocate ana maintain that policy winch, upon
serious examination OF public AFFAIRS, snail COM
mend Itself to your BEST judgment.
THE PRESIDENTIAL PARTY AT A THEATRE.
PRESIDENT Grant accepted an invitation from Mr.
Il. l.. Davenport to visit his elegant theatre this
afternoon. The Peerless Morlacchi- was the lead.
Ing attraction, and the "COmlng oman" light
comedy, primary inducement which the Presi-
dent, perhaps thought he could hardly ignore
Accordingly. about half past two IN the after
noon, accompanied by Mr.. BOrie ana Gen.
cral Porter, he entered the box and was
Ned Davenport had decorated the Presidents box
with a wreath Of flags and great many flowers.
beautiful monogram Of flowers forming the initials
OF the Presidents name, was just above his nead
ana added beautiful effect. The box directly Op.
posite was occupied oy Mrs. Forney and daughter.
Although the President complained OF y headache
this morning nave never seen him laugh so long
and as heartily as he did at the Coming woman
as represented by Mrs. Davenport, Miss Lily
Davenport and Messrs. ThOrne and Philips.
During the afternoon Mr.. DavenpOrt's younger
child Master Charley, was introduced ana kindly
greeted. When the time came to 20, Mr.. Bore
said, "Can't we get out the back wayr'
Certainly" said Mr.. Davenport, ana plotted the
party across the stage and through the inricacy OF
Of back and SIDE scenes and stage trappings. Mrs.
Davenport met the party and int reduced TO the
President.
'You are not the strong minded woman saw on
the stage. You not wOman's rights now are
your" said President Grant
''No. sir; by no MEANS" Mrs. Davenport replied.
81 still believe in mans rights"
This evening the President dunes with Daniel
Dougherty.
Secretary Boutwell, spends SUNDAY with the Hon.
Leonard Myers at Germantown.
$60,J0O.0O0 OF THE NEW LOAN BEING CONTRACTED
FOR
During an interval in the speech making this
morning hal q few words with Mr.. Boutwell, Our
conversation was in regard TO the six hundred mil.
lion loan now being agitated.
AS reported IN the HERALD, the proposition with
regard to the 5000, 100000 has been made by the
Messrs. Rothschids, and Jay Cooke and McCulloch
Co., ana favOrably received by Mr.. Boutwell, The
only impeachment that operates against an immediate
contamination OF the terms proposed Is the present
lack of power on the part OF Secretary to make
the interest payable abroad, recommended In the
Secretary's last report.
portion OF the loan-'the new fvcs." as 1t will
be knOwn-has been bid for by these parties the In.
terest payable In America These propositions will
be acted upon so soon as the Secretary returns to
Washington If the interest can be paid abroad as
proposed, there will be no difficulty IN refundng
six hundred millions of our present six per cent
loan into BANKS averaging four and half and I'VE
per cent interest four and quarters in the
aggregate-thus saving, as its projectors claim
seven and half millions per annum on this SIX hum
dred millions.