The New York herald., 1874-11-05
MIR. RICHARD SCHELL'S VIEWS.

Among the Congressman elect visited yesterday
by . representative Of the HERALD was Mr..
Richard Sciiell, who has been elected to ill the
vacancy caused by the death Of Mr.. David u.
Melllsh. Mr.. Schell gave 1t as his decided opinion
that the sweeping victories gained on Tuesday
last by the democratic party was decided and
clear indication on the part or the people that
they desired q change in the administration OF
national affairs. This, therefore. denoted that
on the next Presidential election the democratic
candidate would be chosen by an overwhelming
majority. AS to who the standard bearer Of
the parry would be he thought 1T was
almost too early TO venture an opinion
upon, but the triumphant manner in
which Mr.. Tilden had been elected he thought was
q pretty sure indication that he would he the
democratic candidate. For. said MIR. Sche .
man who can organize and successfully carry out
such campaign would command the support OF
every democrat. Again, he being tine chosen OF
the State or New York, with the immense innu-
ence gained therefrom, as natural consequence
will have The benefit OF all the prestige that sucn
. position creates. In regard to the possible can
dioate for the Presidency on tine republican side
Mr.. Scnell expressed his opinion that 1t would be
Senator Conkling, or, possibly, Ex-Governor WASH
burne. The latter, however, ne thought would
the reason tnat although ne did good aer-
vice In his position while minister at PARIS
iaSded " Would De forgotten. wniie, on the q other
hand, Mr.. Conxlng mad been constantly before
the psop As Voc 'aas EMS
ability to exercise the functions appertainlng TO
tine high ONCE Of President.
PRECEDENT GRANT DOES NOT SEEK A THIRD TERN.
When questioned IN regard to what Ills OplnIOn
was as to the possibility OF General Grant seeking
elections nave ef1ectuaily put stop TO any such
IDEA being put into force II 1t ever existed on the
part the republican leaders. But am ivee to
aQv proa10eut / tud01.
never had any intention Of seeking Q re-ecc.
1r ne has times Inn od me he
under any circumstances. THIS ne told me IN the
most emphatic language. However, IN any event
should he decide to cnanRe his Views and run ior
the Office OF prestdent again.
THE DEMOCRATIC MAJORITY IN CONGRESS.
In reier.ng to the probable effect OF Tues:
days elections on the next Congress-, Mr. Schell
to tSs subject as yet, tor have G BEEN 80
busy 70 but s r
inevitably lead 10 greater activity In both com.
that the people will be certain that the legislation
WIN be carried out on sound and settled basis.
term expires In March; nave therefore paid bat
little attention 70 the policy ikelv to be pursued
financial matters. / on. personally y
IN FAVOR OF SxPANDINo TEE CURRENoY
rather rather M saan contrac.ing II. ! tnlnk 1t would be
better Tor the country IN every way. ! believe
in the Ohio doctrine. At the same time tho
present system OF national bank currency should
the circulating medium but legal tenders issued
by the government. these legal tenders would
sound value, such as bonds, which might be
deposited and drawn against at their par
price. This system would not place any
ABSOLUTELY needed, while at the same Time it
would prevent financial panlcs ana would soon
bring about the iceling that the currency OF the
country was based on sound principle. Tor no
one could get O dollar frOm the Treasury except
rs against collateras deposited. Thus q return TO
specie payment conld pe had at any moment It
was deemed expedieut. In iact, Il legal tender
currency such as this would be equal to gold. IL
would, at all events, make an easy money marke,
and an easy money market means good business
ana prosperity Tor all, especially Tor tile working
classes Trade OF all Kinds would revive ana We
snould be relieved OF such exhibitions oil wide.
spread distress as that go prevalent lust wlntero