New-York tribune., 1877-03-16
SOUTHERN QUESTIONS.
SOUTHERN REPUBLICANS CLAIM TO BE FIGH1IN
FOR fxIsTENCE-A LARGE MONEY INTEREST Al
FECTKD BY THE TROUBLES.

SOUTHERN REPUBLICANS CLAIM TO he FIGillNG
FOR EXIsTENCE-A LARGE MONEY INTEREST Az
FECTED BY THE TROUBLES.
Icy TELEGRAPH TO TIE TRIBUNE1
WASHINGTON March 15.-SOuthern Republicans
now in Washington are very much discouraged to-
night at their prospects Ex-Representativos Morcy
and Smith of Louisiana construe the reported inten-
tous of the President to withdraw the troops from
the building adjoining the State House III New
Orleans as an abandonment of the Republican party
South, and they both say that if this is done and
Packard is not recognized affrlnatively, Louisiana
in the next election will give Democratic majority
of 10000, and that the Republican organization
and Republican voters will entirely disappear. The
Southern Republicans insist that their very exist
ence depends upon the recognition Of Pack
ard. They have no permanent solution OF the
Southern question to suggest, but simply
desire that the President shall support Packard and
Chamberlain with the army, leaving the future to
take care of itself. Mr. Ellis of Louisiana, Demo
cratic Congressman who was during the late session
one of the most extreme in his views. heartily ap-
proves the Presidents policy, and intmates that
new issues are arising in the South Independent of
old marty lines. Mr.. Gibson and Mr.. Levy, also o.
the same State are represented as holding similar
views Mr.. Jones of Florida, Democratic Senator,
heartily approves the Hayes policy, and says that
lie intends to call upon the President to tell him so
Mr. Bogy of Missouri positively declines to call upon
the President, while Mr.. Morrison of Illinois very
bitterly says that he has not been TO the White
House and does not intend to 90. Several promi-
nent Southern Democrats are holding their opinions
in regard to the Presidents policy in reserve but
they predict that if the Administration is to be a
Hayes Administration and not party one it will be
successful and that if the President listens to the
advice Of the Republican politicians his success will
be- short lived.
A large commercial interest representing Northern
capital is actively at work to hasten decision in
the Louisiana and South Carolina cases, in order
that the plans for compromising the debts of South
ern Staias may receive aid from the settlement Of
political troubles. The gentlemen interested urge
that the adjustment of these debts satisfactory
basis viii go far toward restoring the credit ana
material interests of the South and that 1t
is a branch Of Southern affairs second only III
Importance TO the political problem. They
have made proposals Ia all Southern Legislatures TO
ugree to the issue of new bonds for deferred pnci-
pal and interest at the rate of GO cents on the dol
lar, with certain conditions in regard to future
debts likely 10 he contracted. These propositions
must be acted on within about ten days, within
which time nearly all the Southern Legislatures
will adjourn The capitalists interested think their
success will depend largely upon the action taken
by the Administration in regard to pending potlca!
troubles II these are settled, they believe that
financial difficulties il most of the Southern States
can be speedily relieved and the affairs of those
States put a fair way Of satisfactory settlement.