The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-02-18
THE FEELING.
The l,adical Ring Fails 10 Cover TItir
hl0rts.

shorts.
More Bad News Come te Cheer Packard
and His Pack.
| The feeding which pervsded
the masses on. Friday night. ,it
/ the o,atrageously partisan deci-
stons OF the Electoral Commits
sion has subsidized quite as sensibly
los the cheer which the prospective seat
Ing OF Hayes In the Presidential chair
had brought into the hearts OF Packard
ocrats ard Conservatives the feeling
was one Of disgust, not OF disap-
pointment, for the conduct OF the
eight partisan commissioners had
been actieipated but tho people, those
who ere not admitted to the private
counsels OF the party, IL must be nd.
mitted, had expected that some color OF
decency would BIO maintained by the
High Tribunal In their arbitrary YER
diets. On the other hand, the Radi-
Gals saw
ONE THING ONLY
In the election OF Hayes, tho assurance
OF q continuation OF their infamous con-
troll OF Louisiana, and the grim satisfac-
ton that they could wreak terrible
vengeance upon the respectable people
of the State 90 soon as Packard should,
be recognized. With them the national
interests were lost sight oil. Power and
preying over this Impoverished conn
monwealth, was oil they sought to
obtain and they would willingly have
sold out to Satan himself provided they
were permitted to
non AND OUTRAGE.
as they have done for eight years al.
ready. Up TO noon yesterday their
confidence was unbounded. About
that time 1t began to weaken
and dispatch which was received
about four o'clock ut the 81. Louis Ho-
tel. through high United States off.
cial, informed them too plainly that eli
their efforts to bulldoze Grant into d re-
oognition OF Packard
WE'RE FUTILE.
At tho 81. Charles Hotel last night,
however. some OF the mere recent &C.
eesions to the Radical ranks en-
deayored TO maintain IL respectable
countenance by theoriaing on the situa-
ton and using sareasms instead OF facts
and arguments, ostensibly to prove che
strength Of their cause, whereas they
meant only to conceal their bitter dis
appointment.
One OF the most significant facts con.
nected with tho situation. which can
not be allowed to pass Without special
notice, 10 that the Radical financial ring
ID In desperate straits over their utter
failure to cover their shorts In the bear
Ing transaction which they attempted
several weeks ago la Louisiana bonds.
tt will be remembered that the ring,
specializing on the lack OF confidence OF
the entire financial world OF the coun-
try In their
OWN GOVERNMENT,
went In the market on Carondelet
street. and sold short some four or five
hundred dollars worth of Louisiana
bonds. The expiration OF the period
occurred on the 10th inst, Thursday,
aud found the ring utterly destitute and
unable to buy bonds at the figures TO
which they had anticipated they would
have fallen.
Al soon as the partisan character OF
the Electoral Commission became
llsaawn bonds wont down aeveral points. |
but the ring, finding out that Packard s
recognition had fallen through, sailed
into the market to save themselves, |
only sto make the, sad discovery
that their game was up, and
that they could not obtain the |
desired bonds TO make good their short |
sales. 1t Is said that one OF the men, |
bers of the ring loses not less than
FIFTY THOUSAND DOLLARS,
whilst Louisiana consols still refuse to
recognize Packard any more than Presi-
dent Grant has.
Yesterday afternoon General Randall |
il. Gibson, our representative In |
Congress from the First District, sent |
9,af,arIont dianafah n Gav
Nichols, which was communicated to O
few, and which contained In emphatic |
terms the assurance that the President |
would under
NO CIRCUMSTANCES
recognize Packard as Governor OF Lou
isiana.
We have taken particular care to OBJ
tain the feeling Of our leading men In
the city. from Governor Nichols,
the most prominent officials,
Senators and members OF the House,
down to merchants and bankers, re-
garding their impressions OF the situa-
ton, and we are most happy TO say that
they agree, without dissenting voice,
that whatever may be the result Of the
contest, General Nichols
will
NOT BIZ DISTURBED
In his occupation OF the guber-
material chair. This matter has
been the subject OF the most thorough
in the Democratic eau
,uses and counsels, with uninterrupted
with Washington. The
Of our leaders In
his respect are now fully dissem-
mated among the people, however,
much they NAV be dissatisfied at the
prospects of Tilden. are gratified to
'ealize the fact that the thinking men
North and West, OF the Republican
,arty, have become convinced that the
ow, thieving element assuming to rep
,esent them In the South are
AN INCUMBUs
Upon the party which they are con-
tantly injuring instead OF assisting.
This is precisely the opinion Of local
who have, from motives
il self. respect, become disconnected
rom the Packard, West and Kellogg