The New York herald., 1876-08-18
Secretary Moril's Views on the New
Four and Half Per Cents.
BRISTOW AND M'KEE.
Will the President Grant 6
Pardon?
FROM OUR REGULAR CORRESPONDENT.

FROM OUR REGULAR CORRESPONDENT.
WASHINGTON, August II, 1876.
GRINDING THE SOUTHERN OUTRAGE MILL
WHAT DEMOCRATS AND REPUBLICANS THINK
OF THE PRESIDENTS BAYoNET POLICY.
The order Of President Grant to General sherman
made great commotion to-day among the few Con-
grcssmcn who had not taken their departure from
Washington Starting out, as 1t does. with the reso-
luton originating in and adopted by the democratic
House of Representatives. it puzzled the democrats
exceedingly to know how TO denouuce IT, Perhaps one
Of tho most philosophical remarks 1t elected that
of ono democrat who addressing another democrat,
concerning It, said
'Well Judge tho Alabama fellows stopped over.
They ought have kept that majority down to g. 900
10 900, and then they wouldn't have invited this
sort of business"
The republicans shrug their shoulders and declare,
like a woman, "lts too good for anything"
The republican Congressman from the South are
quite well pleased with the action OF the President
These have said and again that the
"white people" to quote exact words werc going to
the polls election day with their shotguns and
going 10 drive tho negroes away from them. Repre-
Jere Harason, tho colored member from tho
Mobile district says that he has been for long time
under this fear, calculating how he and his colored
fellow Congressman could take n
tive stand by voting for some moderate
and not being pronounced in their
rcpublcanism their support OF the regular ropub
lican candidate, as to escape the hostility Of tho
white liners With this intent they to have
united Mr. Bristow, who it SAID TO them,
would, If nominated appease tho white lincrs' rage
Congressman G. Wiley Wells from the Second dis
trct of Mississippi says that the OF the President
is Of the noocst OF his fo; that tho action
very much needed, because tho colored people
protection He expects to make the canvass in his
district he has done heretofore and TO the risk
Of being killed He does not mind TINS, but wants to
have kind Of protection for himself and the coored
people. He believes that the sending OF troops to the
Bouth will have the effect Of securing peaceful cleo
ton the dsorderly element has great respect and
fear for United States regular soldiers. AT first he
thought account OF intimidation and fear of being
killed. there would be very light republican vote, as
the negroes would stay away from the polls but now
he thinks, they will all out, President Grant
has given orders for their protection, and they will
feel it imperative on them TO come out
THE SYNDICATE AND THE NEW ISSUE OF FOUR
AND HALy PER CENrs-sxNAToB xoRRILL's
VIEWS OF THE NATTER.
II is said here that the Secretary Of the Treasury
feel battered the proposition OF the sy nd
take the four and half per cents par in
Eod when the fact obvious that the credit OF the
government is now established basis OF four per
cent simple calculation OF the quotations OF Ameri-
government securities IN London and New York
will show that present purchasers OF our bonds get
only about four per cent interest Besides this be
considered the inconvenience and awkardncss of tho
fractional rate of four and half per cent II Secre-
tary Morrill, would ignore his right to offer these bonds
and intimate willingness TO accept proposals for the
four per only he would be rewarded with just
hattering proposals from syndicate bankers within the
next few months They might pretend to back out now.
but they would come back soliciting the bonds before
the year had expired 1t certain that their getting
the four and half per cent bonds at par would be
much OF a good thing for the syndicate
In the Of interview this evening the Sec.
retary of Treasury said that he has not received
any definite bids from the parties who propose to
make up the syndicate contemplated the and
half per cent bonds These parties seem anxious to
learn what is the best agreement theyican with
him, but thus far nothing has been fixed upon. Soc
retary Morrill, thinks that he will be abo eventually
dispose Of the whole loan Of $500 900 of and
; half per cent bonds at favorable rates
and convenient well acceptable par
scls He feels quite confident that the time is
very propous for the disposal OF thcm the financial
world to be in the proper mood to tako up tho
being g., 600 900 sold Saturday last New York by
directors Of tho Treasury Department TO tho Sub
Treasurer thereto He will not lay down any lin
itation regard the four and half per loan
will no make. no does feel himself called upon
TO do proposition; but he says he get least
par in gold with half per cent Off for expenses of
handing. The parties to the syndicate, he supposcs
will propose to take much at and much
OF the loan in given intervals of time and
allowed long to pay the government until the whole
loan taken up which he does think will be long
He feels tina, he has been given great discretion by
law as passed Congress bat will It for the best
interests OF the government
PRESIDENT GRANT AND THE M'KER PARDON
HOW BRIsTow Is SAID TO HAVE CONVICTED
HIM.
Evidence Of an extensive conspiracy on the part Of
She admirers OF Mr.. Brstow make him the rcpub-
caa candidate for President accumulaes from day
day The recent developments are surprising not
only for the determined character OF tho scheme but
lor the interruptions means employed in carrying IL
out libel SUIT was brought In ST LOUIS against the
Globe Democrat by one OF tho jurymen who
convicted William McKee, tho editor Of that
paper. Of completely with tho whiskey
Ring, bis grievance being charge In the columns Of
she paper that he had been guilty conspiracy to con-
McKse The trial OF the libel brought out evil
dence that only this urymsn but several others
che same jury, had been drawn and put the jury
for the avowed purpose OF convicting Mckee Atrsn-
scrpt OF this evidence has been forwarded the Ator
ney Generals ONCE and this TACT has occasioncd tho
current rumors that Mckec's pardon contemplate
Tho Pardon Clerk, Mr.. French in the course Of his
duties, has seen nt not TO discourage the
application, and has passed Il on without recommend
lion to the Attorney General who has in trans
mis,ed II the President with the simple Endorsement
hat no not prepared at present to recommend the
granting OF the pardon The evidence OF conspiracy
10 convcs Mckee Is said 10 be trustworthy, how
ever that tho President is described anxious TO 10
Into the matter fully, and hc may make II topic OF
discussion ~ the meeting Of the Cabinet TO- morrow.