The New York herald., 1876-02-28
IRRECOSCILABILITY OF DEMOCRATIC VIEWS.
The Republican Ranks DtmOralized by In
flaiiOn HsrtSits.
THE TEXAS BORDER RAIDS
General Babcock and the Private
Secretaryship.
FROM OUR SPECIAL CORRESPONDENT.


rHx FINANCIAL QUESTION: IN coxoEEss-
NIpESrso on THE BREACH IN THE DEM
ocnArtc cAUcUs SENTIMENT
Anoxo rHg EEruBTIcANs- POSSIBLE REPEAL
oF rHr HEsu~rTToS DArE-THE. COMPARE
rvr srHSScrH oF THK HARD AND SOFT
uosrY mrS.
TIE resan q the prolonged discussions In the
F.ranee cpnmtiee % me democratic caucus Is
20 deveiopr basr ana widening disagreement The
commiiiue oonsisis % une members Of the House and
iour scnAiorn and Of these Morrison, Gibson,
Barsam snd rsyps and Senators BaYard. Thurman
ana M,nouaid were, me constitution OF the
commntse, oouuted ro~umptlonsts, aud Bright,
usinan soufhari. sbeakiey aud Walker, with
seustor nsrrmon. wsrc counted sntirssumptlonists.
fhs save lhs josnt committee a majority OF
favoF oi some measure looking 10 resumption. Three
weeks aso whsn ne cemmiiiee was formed there had
arsaay becu ivey dscaszons the currency ques-
tinu iu me caucas aud secn that whatever else
mFhi happca. he resampiion democrats dis
posed 10 .uppor nn imitation bin aud would not
b. contrut witbout hooking fairly toward
rcsumpiiun A ihe time the ant. .resumptsnists
open and decided their Determination oppose
q resumption measure. neither side. however had
any dsunci sell seaned measure 10 view, AID Mr.
rayne's mid proposRon amended unsn a s eotircly
useless seeued not unlikely % bs adopted a. com
promisa
The net resut o. the discussions m the committee
has heen 10 weakeu ths hard money and Strengthen
the soii money side. A arsi the grcsnback
somewhsi their guard. heing alarmed a. having the
responsibility thrown uJou teen by Their possession Of
a majority % me House conmntee, boa under tbe
pressure o discussion H has hcen iound during ths
past wcck that most of me hard money
men have ~cakensd. and she sons. cf
course, took courage proportion The discussions
have bccn kert secrct ~h care. but enough has
leaked out 20 make u certain ibai the lass meeting
on saturday ths anlmaium of ne western men wh,ch
was then the unconditional repeal oi me nssampson
&C, and an agreement thai ihs legal tenders should
not be diminished. had considerable majority
IN the committee. snd thar shis majority 10.
ciuded Al ieasi two and some say three, of the
senators Mr.. Bayard beng abssns, only informal
votes have far been taken any Of ne measures
proposed, and, of course. no eonciusloa hes hsen
reached There viii bs . aua mesuns Monday,
and q s DOT noe prohabs thas any arrecment OIL bo
made then The eommut-e ~ul Fspori 20 the caacas
that Whas maiured bsn and 1hus the whole question
will be nuns back into tbe caucus snd from thai INTO
the House
The demand Of the legal tender men incuacs M Dc.
srucuon Of the National hanks the repeal of ths Re
SUMPTION act and the creation of entire greenbsck
currency n they acccpt anything short q that they
1 say viii he by them for The sake Of
harmony, aud tho sre.ics they willing
10 maze 10 a repeal of th0 Resumption snd a
/ stipulation that the volume ~ grccnback currency
shall not be decreased An Informal propositions 20 re-
peal the Resumption art exoept those clauses granting
free coinage and Tree banking bus prohihinr the
tlrcment Of ereenb.cks vas made IN The committee
and u Is understood would have bad the support Of
majority of the COMMITTEES n u bad been brought 70
vote.
On the other hand the hard money men arc bslieved
10 have been willing 70 propose a. a measure they
would support the repeal Of the resumption dats
very slight contraction Of rrecnbacks-say million
month; but this met with very htle encouragement
The hard money men did oner such Modification ef
Payne's pfoponton would the present Va
umo OF legal tenders FREQ banking and
late gold the amount Of three cent of
the entire paper circulation up % thirty per cent Tho
greenback reject this
on the republican side OF the House there ), BY no
means desirable anauimny The Erccnbsok dem.
ocrats count confidently least twenty fepuhtcan
votes and this number viii IN the os of any
positive Many others viii dcdrc IN spite of
party discipline or viii support only sonssh'ng
nothing as possible.
Under these circumstances u is not probable that
any decision or beneficial measure ul b. adopted a.
this session unless the press mattsr and
the people send petitions The course legislation
Is ss yet by u possible the hard
money democrats aud republicans may combine uren
measure and adopt by their joint voses hal thp s
pretty cerain 10 be very mid bl--sueh a.. perhaps
to repeal the resumption date and the retire
mcnt OF / 600 oOo greenbacks per month The only
merit Of this wosd be that would put ne slrs he'd
In the right direction IL D. understood that som. ~
the most influential republicans in fhe Hoose
favor tuch a bill on the other hand u nay
happen that tho senate may pass she Morrn hil
and when this appears The House me rrccnlrk rncn
may muster their whole strength ~ both rartlcs suh.
siIutc for !; a measure of Their Own and attempt a.
pass this Tho they sould thus propose voui
probably be a repeal Of the Resumption sei isavinE
free banking and retirement - legal tcndera
There IS no doubt that the action q ths Indiana
Republican Convention last week has ttrcnrrhsnsd
the an,i-rcsumptonists and weakened ths h.rd.
money men. IL h understood by polaicians
20 be Mr. Morious bid for The western voie
and the supporters OF Mr Hendrcks alarmed 81 an
attempt IN under them They prepare hid lowsr
and weaken very rapidly under pressure and ths
dinicuty IL that the Western repubcans u prubahly
trim their sails pretty accurately afsr me democratc
pattern II Is commonly said here BY Western men %
both parties tho greenback sentiment h rannr 70
the Northwestern states and the siecsion rirhisns
good many men
I Nevertheless unless the rrpubncans br.,k vrry
badly the House has iodaya majority hvoraiis -
sound though not an extreme rcsumpt,on aet A
nrctty careful po gives 20 democrats and = fepuh
cans likely 70 vote for some rcsumption nsaa.
urc on which the hard money Ieascs % ho,h
sides should sgree This would leave 100 democrat,
and thirty republicans opposing a. Ofths tea neo.
pendent members would probably ior hard
money nfd four against On this The wouid
stand l6i for Resumption bill and ia against. asd
this would leave leeway for who might
weaken under pressure
While therefore, there Is no immediate prospect OF
any any certainty at all the probabilities
this time point the passage later in the
mild resumption measure which will include however
n. Z.