The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-08-12

became
the most desirable person to make the next President Of
tho United states, by bestowng upon him the demo-
cratic nomination for that office. On this point Mr.
Wood became original and interesting
81 regard il as entirely unimportant whether Gov
ernor Tilden OF Mr.. Thurman John Smith be a cand
date for President Perhaps nobody knows who John
Smith is he might be the preferable candidate. The
truth ls the President has no power and it is imma
terial who may MI that Office it is who may happen
TO be King Queen of England The real power is in
Congress The President draw his salary OF pay
secretary unless the money is given him by the House
OF Representatives. for there all money appropriations
must originate He cannot make one appointment of
any Importance, or scarcely one, without the
consent Of the Senate The experience of An
drew Johnson shows how President can
be bound hand and foot If Congress
should choose to exercise the power The President
must in future bow to Congress- not Congress to the
President Hence any respectable well behaved gentle
man may ill the Presidential chair without harm or
benefit to the nation It is true that the President
recommends measures 70 Congress; but his recon-
mendatons sleep quietly and comfortably in the rooms
Of the committees TO which they referred. do not
think you can show a Presidential recommendation
Of any great public interest that has been adopted by
Congress the last twelve years SO this privilege
is destitute Of any great importance This growing
other institutions well here in our republican gov
eminent Look at Plimsoll Why, the very name of
the English representative unknown to us, until
suddenly find him bursting forth power and vr-
tualy defeating the British Ministry His honest ear
expression Of indignation what he regarded o
wrong the representative body and to the people the
part of the representatives of the Crown created popu
lar furore before which the shrewd and cunning Dsrae
and his aristocratic Cabinet compelled yield.
MacMahon, the President Of the French Republic to-day
holds his power sufIerance it were and through
the want of harmony In the designs Of the Assembly In
the hands of united Representative body he would
be poweress The only two nations in which the auto
cratic power s overrdes the power of the people are
Russia and Germany, and these cannot long resist the
struggle Of the millions against the few
THE FINANCIAL ISSUE.
When asked whether he thought the financial issue
would dimensions Of Importance in the Presden-
tia election Mr. Wood replied ''None whatever. Ger
tain republicans have thought raise issue between
hard money and paper, but what do they mean? They
do not know themselves Some people have theory
that greenbacks needed but they scattered
among all the parties and factions of parties in exist
Some people say they in favor of immediate
resumption, but how is it to be doneH On that
point opinions vary widely the points
of the compass We have any number of ingenious in
to be financial saviours but their ways varied
and wonderful. do not think it worthy of a thought
whether what is called hard a soft yellow
green financial questions is made President
Everybody wants greenback dollar to be worth a
golden dollar Agitation and experiment not the
most efficient means that can be empoyedto make it
The nation is able to take care of itself When the
proper time shall have redemption, simply
because shall have commercial and financial
hdence fully restored. That is what resumption
No one for hard gold. Paper is convenient
What everybody does want, however is to know that
he get gold for his dollar when he peases, and
knowing this he docs not the coin all With the
establishment of sound principles of government and
wise economy will come prosperity in the nation. With
prosperity win come restored confidence, and with
hdence settlement of what people persist in calling
our financial difficulties
THE NEXT sPRAKERsHIP
The prospect of the Speakershp of the House of
Representatives natural question in
ton with gentleman so prominently mentioned in con-
nection with that high and important position.
81 really know nothing about the prospect" said Mr..
Wood ~ have been rusticating all the in quiet
hooks and where such questions unheard.
AS for myself regard the position at this time
involving grave responsibility since the House of
Congress the advanced guard of the democratic party
in its march to reclaim power in the nation. have
special wish to that responsibility, still less
should l think of shrinking from should my
political friends think proper to assign it to me-
The gentlemen spoken of for the position
all honorable and capable, and would, doubtless per-
form its duties acceptaby. have heard a great deal
Of talk about the result being a. certainty for this
that candidate but that know TO be idle l
do not believe that forty members have expressed
preference way the other, including the personal
friends of all aspirants l am quite confident that the
democratic representatives will go to Washington next
December determined TO do what they consider the best
for the party and for the country, after careful
of the situation l should be proud to preside
such body the House Of Representatives,
but I have ambition and no wishes out
side the good Of my party. If can
promote that by the discharge of any
public duty certainly should regard rs incumbent
upon TO accept the responsibility 1t is that
the next Speaker Of the House should be carefully
ected 1t is mistake TO suppose, many do that the
principal duties of Speaker are to form committees
and administer the rules Such officer should have
broad comprehensive views and legislative experience
to aid him. He should be competent to shape legsla
ton TO suppress evil tendencies, check indscreet
ZEAL prevent the of bad laws and in short
direct the business of the House in the interests of
the country and Of the democratic party. If such
be chosen | shall be fully satisfied"
Mr.. Wood leaves Long Branch tonight but his fam
lily remain at the West End, where he will rejon them
before the close of the season.