Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1874-11-19

This is particularly true of the fractional cur
rency, and for this there has never been the
poor excuse that there was not currency
enough as the amount authorized by law has
never been issued from the treasury, being re-
stricted and reduced by the issue and circula-
ton in violation of law of this illegtimate
and almost worthless currency. Now that
banking under the note system is measurably
free, that excuse will not hold. By the act
of March 26th, 1867, it is enacted "that every
national banking association, State bank or
banker or association, shall pay tax of ten
per cent on the amount Of notes of any town,
city or municipal corporation paid out by
them" This enactment does not reach the
root of the evil as the law should be so amend
ed and changed as to compel the payment of
the tax by the municipalities, companies or
individuals who make the original issue of
such unauthorized circulating notes. Bank
ers and business men at the South have as
sured me that even such tax would not pre-
vent the issue of this kind of currency; that
the only effectual way to abolish the nuisance
would be to declare the issuing of any kind of
obligations, with view to its circulation as
money, misdemeanor punishable by fine Or
Imprisonment, or both, by any court having
cognizance thereof"
THE PRESIDENT on THE ELECTION.
The President, since the results of the re-
cent elections have become known, has con-
versed freely with number of his intimate
friends as to the causes which produced such
revolution and unpopular verdict. Some of
the views expressed by the President may be
given without any violation of confidence.
He is of the opinion that the Democrats were
as much surprised by the overwhelming sue
cesses of their party as were the Radicals, and
he unreservedly admits that although he full
ly expected Republican losses, he was not
prepared for the crushing defeat which has
come upon the party. He does not for one
moment sanction the idea that his policy or
his personal acts have contributed in any de-
gree to the party defeat. So far as Louisiana
is concerned, he says that he took a course
which he believed was his duty to take, but
that he twice called the attention of Congress
to affairs in that State, and requested that
body to indicate its opinion as to the proper
course to pursue. Congress failed to express
any opinion, and there was no alternative but
for him to adhere to the line of action he had
initiated
The President thinks that at the door of a
Republican Congress alone may be laid the
defeat of the Republican party. He does not
lay much stress upon the neglect of Congress
at its last session to present financial meas
ure which would restore confidence and revive
declining trade, for in the nature of things
this was next to an impossbility. A prop
er adjustment of finances was not mat
ter susceptible of party control, as the differ
ent sections of country had diverse interests
and diverse views, superior to and overpower-
ing all mere party claims and all mere party
considerations. The President thinks that
the great element of discord in the party was
rather the unwise attempt to force upon the
American people the impracticable and Uto-
plan theories of Senator Sumner as embodied
in the civil rights bill last spring 1t was au-
thoritatively stated in these dispatches that
the President didn't favor the civil rights bill.
1t can now be said that his views in oppos-
tion to it have become much stronger by the
recent elections. He is firmly convinced that
the civil rights bill had more to do with the
defeat of his party than all other causes COM
bined, and he has expressed himself in such a
manner as to leave no doubt upon the minds
of those with whom he had conversed that if
the bill shall be passed at the next session he
will interpose his veto
The President is not respondent. He gives
his friends to understand that he is not by any
means utterly cast down by the recent elec-
tions. He believes that the Republican par
ty has yet before it glorious future, and that
it may retrieve the errors of the past in time
to march to the music of triumph in 1876 as
significant and as decisive as that Of 1872.
He believes that the Republican Congress,
which comes together in four weeks from this
time, can, in the three months of life which is
left to it, so act as to heal all dissensions within
the party and to win back the confidence of
the people at large. 1t is not improbable that
in his message to Congress in December, the
President will set forth some of the views here
in given. He has not, 80 far, in any CONVEX
sation on elections, indicated that he consid.
cred the third term agitation has anything to
do with the result. After Cabinet meeting,
the elections were discussed. In the course of
the conversation, the President expressed him
self more on the third term than he has con-
descended to do heretofore. Without re-
nouncing any such idea on his own part, he
said that careful examination of the returns
from the different States showed, conclusively,
that the people, in rendering their verdict,
were not influenced by wild and senseless cries
on this subject which had filled the air for
months past. He pointed to what he consid'
cred two noticeable instances in proof of his
assertion. The South Carolina Republican
Convention had emphatically pronounced for
him for third term, and its candidate for
Governor had been triumphantly elected in
the face of the enormous odds against him.
On the other hand, in the Utica District,
where the Republicans had always had an
overwhelming preponderauce, Mr.. Roberts
insisted upon the Congressional Convention
which nominated him pronouncing against a
third term, and Mr.. Roberts was defeated.
THE ART OF COOKING.
In teaching the young ladies how to cook,
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