Ashtabula weekly telegraph. [volume] (Ashtabula, Ohio) 1853-1873, 1873-10-18

PESN.-The returns from Pennsylvania are
meaere, but enough have been received TO
show that the Republicans have carried the
State by a majority ofabout 1000, but 1t may
exceed that figure. The vote was everywhere
light, bu, especially In Philadelphia, where the
falling of from the vote of 1879 is 29, ,27o. and
from that of 1871 Is %, ,563 If this ratio OF
decrease, based on the vote Of 1871, were MAIN
tanned all over the State the total number of
votes cast Tuesday, was only about 45o, 900,
which is smaller number than FOR many
years. II Is already apparent that in this
hugely reduced vote Republicans have 4
greatly increased majority over that n 1871.
There is not much evidence in these figures
that the Republican Party has lost public
confidence. 1, is evident that democracy is
dead in Pennsylvania. .It.
From the Cleveland HeraAd
Result I'm the state.
Reports from the State at large mp TO
twelve O'clock wednesday night are still
conflicting and indecisive. The result
on the Governor and State ticket is ''in
doubt" with the chances apparently fa-
voring Mr.. Aliens election, and with
him, probably the entire Democratic tick
ct. 1t is not unlikely that the question
cannot be decided until full returns from
the State are received at Columbus.
Republicans generally seem inclined to
graciously concede abe Legislature to the
Democrats. and the returns certainly af-
ford sufficient reason for so doing. The
Democrats have, as far rs heard from,
gained three Senators and thirteen Rep
resentatives, while the Republicans have
gained but two Senators and seven Rep
resentatives, thus showing net Dem
ocraatic gain of one Senator and six Rep
resentatives. Hamilton county, the re-
suit in which is still unknown at this
writing, will decide the matter.
LETTER FROM THE PREsIDENT.--Al let
ter from President Grant to n. A. Cow
dry, of the Continental Bank dated Oc-
tober 9Th, appeared in the N. Y Post of
Tuesday, in which the President says
my whole object in the letter to Antho-
ny and Clafflin was to restore confidence
to the public mind and to give assuran-
ces that the Government would give all
aid in its power, keeping In view at the
same time the solvency of the National
Treasury. | alluded to the fact that
forty-four million reserve notes in the
Treasury would be regarded us money
in the Treasury, subject to use for the
purpose of showing that means are at
hand TO give the relief we promise. |
do not believe the present panic will
work to individuals half the injury it
will work general good to the public at
large. Our momcntary system is the
creation of necessity;i it has no elastici-
ty, but in other respects it is the most
perfect that has ever been devised No
one now distrusts the value of his pa
per dollar; on the contrary, it is seized
and boarded with the same avidity now
that the gold dollar has been in former
like adversities. The panic will call at
tention to defects in our monetary svs-
tenn and will no doubt lead to legisla.
tion to relieve the want of elasticity.
The panic has brought greenbacks about
to par with silver. | wonder that silver
is not already coming into market to
supply the deficiency in the circulating
medium. When it does come, and
do predict that it will soon, we will
) have made n rapid stride towards specie
payment. Currency will never go be
low silver after that.
The remainder of the letter is devoted
to the views of the President on slve1
as n circulating medium and substi
tute for currency, which have been al
ready made public.