The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1876-03-03
INFLATIONIsTs AND RESUMPTION.
lists.
The Republican Ranks DenOra1fxed ny
tr In11NtiOu Theories. tfs
LWashingtion Correspondence n. Y. Herald

4 tu InnattOn Theories.
GWashingtion Correspondence N. Y. HeraId.l
On the Republican side OF the House
there Is by no means O desirable una
nimity. The greenback Democrats
count confidently on at least twenty
Republican votes, and this number will
increase in the face Of any positive
spite OF party discipline, or will support
only something rs near nothing as pos
sible.
Under these circumstances il Is not
probable that any decision or beneficial
measure will be adopted at this session
unless the press moves In the matter
and the people send in petitions. The
course OF legislation is yet by no means
certain. It Is possible the hard money
Democrats and Republicans may com
bine upon a measure an! adopt 1t by
their joint votes, but this is pretty GER
tain to be very mild bill -slich as, per
haps, to repeal the resumption date and
command the retirement of 1,OOO,OOO
greenbacks per month. The only
merit Of this would be that 1t would
put the ships head In the right direc-
| ton. 1t is understood that some of
the most influential Republicans in the
House favor such bill. On the other
hand, 1t may happen that the Senate
may pass the Morrill, bill, and when this
appears In the House the greenback
men may muster their whole. strength
in both parties, substitute for 1t meas
ure Of their own and attempt to pass
this. The measure they would thus pro-
pose would probably be repeal Of the
resumption act, leaving free banking
and no retirement Of legal tenders.
There is no doubt that the action Of
the Indiana Convention last week has
Strengthened the anti-resumptionists
and weakened the hardmoney men. II
is understood by politicians to be Mr..
Morton's bid for the Western vote. and
the supporters Of Mr.. Hendricks are
alarmed at an attempt to cut under
weaken very rapidly under such pres
sure, and the difficulty is that the West
ern Republicans will probably trim their
sails pretty accurately after the Demo
cratic pattern. It Is commonly said here
by Western men OF both parties that
the greenback sentiment Is gaining in
the Northwestern States, and the cleo
ton frightens good many men.
Nevertheless, unless the Republicans
a majority favorable 70 a sound, though
not an extreme, resumption act. A
pretty careful poll gives 80 Democrats
and rs Republicans likely to vote
for some resumption measures on
which the hard-money leaders of both
sides should agree. This would leave
100 Democrats and 30 Republicans
opposing it. OF the ten independent
members six would probably vote for |
hard money and fout against On this |
count the vote would stand 161 for a |
resumption bill and 1874 against, and
this would leave some leeway for men
who might weaken under pressure.
While, therefore, there Is no imme-
date prospect of any action nor any
certainty at oil, the probabilities at this
time point to the passage later in the
session of mild resumption measure,
which will include, however, the repeal
of the date fixed Tor resumption, which
has no longer any friends in the House,
Great credit is due to the Speaker and
Mr.. Morrison for the determination with
which they have withstood initiation and
measures In their party.
Their firlnness has broken the shock Of
the Western attack. and, whoever may
weaken on either side, there is no rea-
son to fear that they will.