, 1874-02-02
Grant Figuring for Third Tern1--.How
He Hopes TO Secure Renom~
ination.
Anticipated Rupture Between the ExecE"
two md Legislative Departments.
The Mexican Claims Commissioned Scheme
10 Annex Sonora, S1naIoa, Durango,
and Lower California.
From Our Ctcf, CorrrspoMdenf.


bly appcar that tho mild Imitation school in Con-
gross has st1ccccdod. through tho woaknoss of
Dawes, mud the conjunction OF tllo Protection
school, tho majority Of Southern and Western
members, and tho decided party mon who hold
TINT Richardson must be supported
THE DEBATE
]las boon without brinhcy or dcpth, and Inns
shown d tlisglucefully- y-chaotio condition Of edit.
cation and principles III what htr. Tre1nhino
called "tho i1rht Legislative Assembly In tho
world" It is to DO doubted whether moro than
ono-tcnth of tho members ever read Nh ole-
mcntary book on political economy and, Of tlais
tonth, about ono-half ate 30 mixed III with
specnlations baeed upon former redundancy
Of currency and credit, that thoy aro constrain-
ed, since the credit has beon withdrawn, to
supply It's placo with moro currency. THO
modern hasia Of national banking, which Ia tho
bonded debt OF tho country, has boon ingen-
io,,B1y transposod for tho thing itsolf by cunning
sophistrics and fanoiful theories, until largo
number Of Congressman hold that ne may, If we
choose, have ns much currency
Az WE HAVE DEBT,
bccauso What currency no have is grounded on
bonds and there arc enough bonds over to In
croaso the currency at will and OIL Us good socu-
rity. In fact, Congress represents tho popular
pasBion to get rich fast by inordinato develop
mont and tho hypothceation Of tho future, calcu-
latnd in goometrical ratio upon tho increaae Of
the past. The manufacturing system, which Inns
been stimulated by the War-tarifr to colossal
Dimensions, is at a B!and-still III many places,
bccnuso ordors for railroad iron, engines, and
sofortl, havn boon countornandcd. AS far
as Mr.. Kelley is concerned, Ills jnggle OF a
convertible bond III merely pretext to croato
enough currency to renew tho Haid ordorg. It il
plain also, that the additional stimulation will
10 followed In time BY stringency mud atagna-
Lion, aud tho demand for
YET MORE CURRENCY.
No authority::w!th scholarly men and aciontifc
anauclors Inns any general recognition in Con-
gresa mud tho ,,hereBy, started by Alr. Butler
Of hcuthon agc, ind civilization has no need
| Of it, appears to have tnkon possession of
| largo part Of tho public mind, wl.once it has
| been transmitted 10 congresa between such
tho " "Car,nagnolo" in Now York, there is Il yory
short BRIDGE and serious people will hayo to ad-
nit tint such JacoInsm IL, III part. tho reac-
ton against the unHcrupulous uae Of money by
Scott, Gould. Gregory, Smith, and othors, who
dnys is purchased, and subsistence ts-
solf taxed and peddled away. 1t has
hsen ess an =, sy, a,o enss n ,n1es
TINT it was an issue OF Reform HOW or Rovou-
| ton hereafter.
| THE FIGHT or THE rLAcE.sEEKEn..
4 young mau Of 81, formerly Of Chicugo, with
some intiience and 1,owcr over opinion, worldly
wise, pracucious, and practical, sud to me-, yes
| to-day:
II have been in Washington weak, for the
first time, nnd have had private interviews with
Butler, Richardson, aud tho lenders OF opinion
iu tho Executive, tile 1udcial, and the Lcgiaa-
two Departments. Tl.oy mcnn to initiate tho cur
roncy, something to begin with and moro after
| wards There iH no disposition anywhere to
| limit expenditures, aud there wll lie no change
hnild public works, architectural construction,
| irrigating, canals, andBoforth. The purity aud
the wealth OF tho country are 80 deeply IN TINT
line of policy that the late panic has not scared
thom, When q certain material policy becomes
epidemic, 1t must go to its logical limits before
| you can 1eyoi,,toniZe ugainBt it. Tho limit Inns
not beon reached by tho Republican party. Tho
pcoplo have only begun to Buffer from tho
tlcm until tho discontent is almost uniyoranl,
| md every man feels the shoe pinch. You can
only change national policy. rolling along with
ponderouB impact, by
Ryo1ur1oS OR REVOLUTION.
Tho dominant party has conflict within itself
to anticipate change by Revolution look,
during the present session, for rupture to start
between the Executive and Congress, whicl.
shall bo moro equal hsis than MIR. Jolauson had
with tho Sumner and Stevens Congress, be-
cause the present Congress- has neither leader
slip nor popularity with the country"
| Iquostioned my Informant as 70 tue explicit
| expressions ho had heard IN the Cabinet a1il on
Capital Hill. He gayo 1no several examples Of
sutton tompor daily augmonting On both sideH,
| aud said, further:
"Tho 1rosident mud Ills advisors, amongst
whom is Butler, are aware that tho AdMinistra-
tion is unpopular III Congress. 1Io. thinks he
has tirst.class Cabluot and is strongly attached
to every mat, In it. lie complains bitterly thnt
his annual recommendations are wholly diaro-
gardcd, and his most cherished nominations re-
]ectcd. Ills only object at present
| IS TO nE nESOM1HATED
by some party and ro-elected; and lie finds no
way to do 30 but to antagoniZo In his purity tue
more steaufaBt aud respectable wing, rop-
resented by the Massachnsetts school Of Hour,
Summer, aidsofott!,, aud bid for tho independent
support OF tho reactionnry classes IN tho South,
and tho dissatisfied laboring element III tho
North"
/ inquired. further, how any man could logi-
cal1y hitch together the extlavagant and the
| needy clasHcB. -...
Upon tho theory" said mr. acquaintance,
"that the needy want employment md the 6l'cu-
ulators want to carry out their arrested HcEcnes.
bankrupt man uuleas ho can go On With tho
| Texns Pacific Railroad and have its bonds ap-
prcclated OH the market, He can giyo employ
inent to several Thousand pcoplo. Suppose tho
y.yiug this and many other suspended works by
d liberal subsidy in order to have tue poor takon
OF aud confidence resumed. Naturally the cur
roncy would have to 10 stretched and tho
National Banks antagonlzcd TOR Con. Grant haa
nourishcd his pct theory Of rce.bauk,ng up to
the height of fanaticlan,. It seems to
me-" concluded tho speaker, :" thht, III
the present general instability and
tho incolnpeteuey Of Congress-, Grant thinks that
| Le eau hayuoulzo all the ocmot.ts have named,
Monopoly and Anti Monopoly, the Hallway
| Kings and the laboring multitude, the uil-
pcrttpulol,A interests and tho hulf-disloyal
Democracy. With Butler anxious to be reyengetl
OH Sumner and the Republican organization In
MASSACHUSETTS, the negro vote might be carried
over, aud the negroes, appreheuHtye Of tho dis
bauin,ent OF tho Republican party, would hasten
to array themselves with its Chief Magistrate.
| HEIAnKH.
The nbovo Yiewa arc Bo1.ewhat surprising to
rue, hut give them US tlloy wero conveyed. I
| may add that soms OF tho more sagaoluuH men
IN Tho sennte are apparently alarmed Ut tho drift
at things and, nnlefs | mistake, sonasor Nor
ton IL 1T this mo!uont otganiziug for a COUP
| snan lin, of tho Treasury, wt!iel, il the