The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1875-11-02
TEE ONO ELECTION IN ENGLAND.
The Defeat OF the Misunderstanding
Iish Investments In American see"ri-
ties-Enect on the Presidential Eiec-

isl, Investments I'm American SECURE
ties-Enect on the Presidential Flee
tIOns.
London standard, oct. III
The Democrats have lost the one
important election of the present year.
The contest in Ohio, which for months
past has been exciting so much interest
throughout the United States, and
promising to foreshadow the result Of
the Presidential campaign twelve
months hence, was tonight out on Tues
day last, and the Republicans proved
victorious by u large majority.
At the beginning of the canvass all
the evidence seems to show that the
majority of the people of Ohio were in
favor of II further issue Of greenbacks.
Certainly among the Republicans there
was u strong tendency in that direc-
ton. 1t Is reassuring, then, to find
that discussion has awaited to change
the majority into minority. No doubt
the support of initiation was wider de-
parture from principle on the port of
the Democrats than on that OF the Re
publIcans, and it Is reasonable to sup
pose that as the discussion went on,
and the real point at issue came to be
generally understood, MANI staunch
Democrats shrauk from giving their
adhesion to N policy which is in flag
rant contradiction with all their ante
cedents.
Looked at in its broad aspect from the
point of view of impartial foreigners,
the result OF the election Is eminently
successful. 1t removes all fear of
imitation and reputation. The ugly
feature in many of the Democratic
speeches in this Ohio canvass was that
they did not merely call out for more
paper money that might have sprung
from mere erroneous the0ry-but they
also endeaVored to rouse odlum against
the public creditor. Very large num-
bers of Euglishmen, have invested
their savings in American securities OF
NIL kinds, and it is legitimate subject
for congratulation that politicians, an
imated by ill-feeling to such investors,
have failed to secure position in
which they might have been able to
work mischief. They have selected
their own ground aud fought out the
battle. and as they have been signally
| defeated, we may hope that imitation
lists and gepuditionists will disappear
from American politics. Politicians
of the same kind were little while
ago prominent in the Republican par.
ty; they have been relegated to obscu.
rity. 1t is TO be hoped that the same
fate will now befpll the Aliens and
Carys of Ohio.
In the interests of the Democratic
party itself 1t seems to us that the re.
suit of Tuesdays election must be con.
sidcred beneficial. II the inllationists
had carried Ohio, they would most
probably have also been successful IN
| Pennsylvania three weeks hence. They
would then have been able TO appear
in the National Democratic Conven.
ton next session with the almost un,
divided strength of the West ut theil
back, and to insist, ifnot upon the
choice Ola presidential candidate, al
least upon some concession TO theil
views In the platform. This the dele.
gates from New York and New Eng
land could not have agreed to; aud
consequently, there would have been
grave danger of Il split in the party
NOW that peril is removed.
The inllationists are crushed, and
the control of the Democratic party
passes 10y right to Governor Tilden, OF
New York, and his friends. The main
result of Tuenday's vote, then, is tc
clear the Democratic party from the
suspicion of being tainted with intla.
ZIONIST or repudiationist views, to in
sure its fidelity to its old historic prin-
ciples and to strengthen the probable
ity that Governor Tllden will be the
Democratic candidate for the presiden-
cy next year. UnQuestionably the loss
Of OhioSstrips it OF some prestige. For
two years the election will generally
be regarded as proof that the tide has
turned, and If Pennsylvania is retain
ed by the Republicans the Democrats
viii suffer serious depression. But
whether the election has weakened
the party or not, it has certainly freed
IL from an incubus that might have
crushed IL next year.
If, Ms 1t is generally admitted, the
Ohio election Is to be regarded as q test
vote, 1t may be inferred that the presi-
dental contest next year will not turn,
as seemed probable, upon the question
ofresnmption or imitation. The East
ern Democrats are as strongly in favor
of hard money ms the Republicans.
Both parties we may assume, there
fore, will declare for resumption. There
remain, then, so far as we can see, only
the questions OF UNCONVENTIONAL edu-