New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-01-06
POLITICAL NOTES.

Western Democrats are certain that the Re-
sumption act will be repealed Eastern Democrats arc
equally confident that it will not be- Who is going to be
Disappointed
There is q movement in Washington for
having The National Republican Convention held there.
The hrdterm spook holds up both hands in the airma
tive.
A Democratic victory in South Carolina next
Fall would q surprise. yet The Columbia Union, thu
Republican organ OF the State thinks such event not
unlikely II has heard that the Democratic National
Committee promised send 100000 into the State,
IL the Democrats there will raise $4,000, and that tho
latter cum has been half made up already. There Is
strong odor OF fish about that report
The Hon. Alexander II. Stephens is also OPP
posed to the twohrds rule the National Democratic
Convention. He considers 1t undemocrattc and mon
strous The only 1t adopted, he says,
was simply TO preserve the harmony OF Democratic
theories since it was supposed that IL bare majority
nominated, il might happen that It would not De vote
only majority rule that will make smooth and harmo-
NOUS nomination.
The third-term project receives this vigorous
snub from The Independent: "The delegates Of tho
next National Republican Convention would be down.
right fools IL they nominated President Grant in the face
of certain defeat as tho consequence thereof Conyen
tions are not apt to select candidates simply comp-
ment to them when the selection is sure TO bring defeat
to the party they represent The nomination OF Pres'
Grant for third term would almost certainly give
the victory the Democratic party but see no pros
pect or danger OF any such folly the part Of the next
National Republican Convention. 1t Is unfortunate for
the President himself, II has been for the Republican
party at he has not long since put an end to this third
Term discussion by unqualified de, lnaturc he might
very easily have done without hunting for an occasion
any sacrifice OF ollcal dignity"
The Hon. Reverdy JohnsOn's defense of Min
lister schenck has tho wide and respectful at
cntion it deserved but doubtful II public opinion
the Minister'S conduct has been changed any thereby
Even partisan Journal The Troy Times save OF t:
1--WE are as willing Mr. Johnson Ia to believe that Min
ster schenck had no intention Of defrsudng anybody,
but il seems u.s. nevertheless that lie acted very I'M
prudenty in allowing his to be used for the pr-
pose OF boserng the speculation in the confidence OF
the British public even though he may himself have felt
perfect confidence in it's safety Ho made mistake and
like other should be willing TO bear the conse-
Quences Of bis 1t Is an uHseemly thing Tor man
to hold 'be official position he docs after permitting him
self TO be implicated in scandal like the Little Emma
Mine fraud which involved many innocent persons IN
tnancia run-people. too, who claim with apparent
truth that the confidence inspired by the publication OF
the Minister'S IN that connection was ne cause oI
their investing their money in tho shares This VIC say
with an impression amounting 10 certainty tna ne acted
in good faith, with sinister purposes whatever"
1t is apparently all up with the rag baby.
Its last friend in Indiana has gone back The ErGs
rule Courier which has been second only 10 The Cncn
matt Enquirer in demanding soft-morey platform Tor
the National Democracy next year. gives up the Sht ana
gives for IT, IL seems at present. that the
Presidential campaign Will be 1ought NANNY On tue qucs
ton OF reform 1t doubtful IN Judgment, whether
either party will take any decided position Oh the finance
issue We do not believe therefore that the time has yet
arrived for precptatng the money question upon the
country in National contest Or TO speak more accu-
rately The Courier Is OF the opinion that recent events
have postponed the greenback fight far the issues
TO be made up by the National conventions are con-
cerued Nor do We think IL would be wise or expeden
to do anything in the Democratic National Convention
IN considerable number OF
Democratic voters from the rams We nc, a GU os'
shall have post OF duty for every Democrat whelne
he be for hard money or so ae Is In OF
reform and the overthrow Of the present corrupt ADMIN
istration" That virtually ends the contest IOr rot
money plank the National Democratic Convention
20 far as the press concerned for since Congress organ
lied The Cincinnati Enquirer has been silent on the SUD
ject.
Tho Hon. Fernando Woods views and in
tenons in regard the Resumption act are given as
follows by the Washington correspondent OF me Ched0o
Tribune mr. Wood said tonight that 1t is his INTENTION
whenever resolution is offered in the House to repea
tina RESUMPTION act OF last Winter offer as substi'
tute bill for the amendment OF the Resumption act IN
important particulars leaving the date for resump-
ton of specie payments unchanged Mr. Wood believes
that II Is entirely possible for the Government to resume
specie payments 1879 without any further legislation
but he thinks that It would be attended with serious
drawbacks and would unnecessary embarrassnen'
to The business interests Of the country Mt WOOD says
II entirely possible for the Secretary OF the Treasury 70
accumulate the necessary amount Of gold to redeem me
legal tenders in 1879, but said IL would impose 700
enormous burden on the people, while paying as
much money in other directions as We are now ~,
therefore, proposed TO stop the annual payments TOT te
duced by the sum OF than S3O.OOO,OOO annuaiI.
Thi. is the most important provision OF ms oin tas
by the Ways and Means Committee at the proper tine ~
tho session"