, 1874-11-08

WHAT he THINKS OF THE POLITICAL SITUATION.
WASHINGTON. NoY. Tho following state
ment is published here, On what appears to be
good authority
The President has conTersed freely with his
intimate friends As to the causes which have
produced such a revulsion in the popular verdict
He is Of the opinion that the Democrats we're "a
much surprised by their overwhelming successes
IS we're the Republicans, and he admits that
although ha fully expected Republican 1ossea
he was not prepared for this crushing defeat
He does not sanction the idea that nis policy or
his personal acts have contributed in anJ degree
to the defeat
So far as Louisiana is concerned, he saYr, he
took the course which he believed it to be his
duty to take, but that lie twice specifically called
the attention OF CongIees to the affairs of that
State, and requested that body to indicate its
opinion az to the proper course to pursue. Con-
gTess failed to express any opinion. and there
Was no alternative but to adhere to the ]ine Ct
action that he had initiated :
FINANCE.
The President thinks that at the door OF thu
Republican Congress alone may be laid the de-
feat OF tue Republican party. lie does not lay
much stress upon the neglect Of Congress to
present hnauc,al measures which would
trade, for in the nature OF things
this vas next to an imposslb1Iity- proper ad-
ll1stnlent OF the finances WAS not matter sus-
ceptible Of party control as different sections Of
the country had diverse interests and 7laWs su-
perlor to party considerations.
CIVIL RIGHTS BILL
Tho President thinks that the great element
Of discord in the Republican party vas tho M
wiso attempt to force upon the American people
the theories OF Senator sumner, embodied in
the Civil Rights bill. Last sprio: it was authozi-
ta,iveIy stated that the President did not favor
the Civil Rights bill. It can now be said TINT
hisviews in opposition to it have been strength
ened bv the recent election. He is firmly co0-
vinced that the Civil Rights bill had more to do
with the defeat OF the party than all other Causes
combined.
THE PROSPECTS.
Tho President gives his friends to understand
that ho IS not cast down by the recent rege55ea-
He believes tl,at the Republican party has beforp
it glorious future, and that it may retrieve i'll
past errors. Ho believes the Republican Coz
rrcss can in the three months OF life left, SO act
"a to heal :he dieseusions within the party, s1d
win back the confidence OF the people.
THIRD rERM-
It ia not improbable that in lis message to
Congress- the President will set forth some OF
the views hero given He tas not 80 fur, III any
conversations Oh the elections. indicated ttiat lie
considered that tie third term hid anything
to do with the results.
At the Cabinet meeting yesterday the Presi-
dent expressed himself more at length on t5e
70 third term" than ever before. He said tha:
careful examination Of the returns in the differ
ent States showed conclusive1y that The people
we're not Influenced by the Wild cries on this
subject. Ho pointed to what he considered two
notable instances in proof Of his assertion. Tho
South Carolina Republican Convention had en-
pnaticaly pronounced for him for third term.
AID its candidate for Governor had been
elected in the face Of ENORMOUS
odds against him. On the other hand, in tho
Ut1ca District, in New York, where the Repuoh-
caps had always had IN overwhelming pre-
ponJerance. Ellis H. Roberts lna1sted upon the
(,orrressional Convention which nominated him