The New York herald., 1877-12-24
Failure Of the Southern Policy and
Civil Service Reform.
CABINET REORGANIZATION NECESSARY.
Beneficial Effects 10 Follow the Remoneli-
zaliOn Of Silyer-Thc Tariff.
(BY TELEGRAPH TO THE HERALD

The occasion which furnished him tho opportunity Of
hurting the m missiles the regular weekly ainner
OF the Middesex Club the Parker House, where
present cx-Secretary Boutwell, Collector simmons
other politicians OF less Upon being in
troduced the distinguished Essex statesman did not
dwell for instant the social pleasures OF the
casion but proceeded TO discuss Tariff and
silver Bills; thcn in turn the policy OF President
Hayes, which he considers failure unless he
embraces ciner the republicans democrats and
organizes his Cabinet before tho LIST OF February.
TARIFF AND FINANCES.
The Tariff bill he did speak at length, simply
rcmarkins that II was very important question to
ssachusetts, and he thought that the legislation
which would nnsy como would amount 10 expansion.
Ho said he believed the Silver bill would become
law OF the land sixty days, expressing the opinion
that IL tho President vetoed itand he did think
he woulc-m would bs passed over his veto.
HAYES OBJECTIONS BLAND BILL.
rho President no said, objects tho Bland bill on
accoun. OF tho free coinage clause unlimited legal
tender characteristics, and because 1t is violation Of
tho public faith to pay the creditors OF tho
government, either the principal interest
OF their bonds, In silver. In regard to
unlimited coinage and tho danger OF flooding the
try with silver we need fear that, because we
cannot than So, 000 900 per month, about
S25 600 900 year, and that would be drop in
tho bucket. II claimed to be legislation
the silver industry Of the country but do not know
why should object to II because 1t benefits tho sill
yer or any special industry If 1t also benefits tho
whole country at the same time II loyal tender
silver limited to $1cO II would be discrimination
in favor OF the capitalist, because tho poor man
in tho payment OF his small debts might DC obliged
receive the deprecated currency, silver, whie tho
rich In the payment Of his debts could claim gold
which worth considerable percentage over silver
claim that what IS good enough for tho poor man is
good enough for the rich man and what Is enjoyed by
tho rich in this respect should be enjoyed by the
poor man.
EFFECT PASSING THE SILVER BILL
Passing the Silver bill viii be onv to bing the gov.
erument back 10 the standard which had always boon
known IRON the beginning OF tho government up to
1873 Silver, n standard, was not demouct,zed until
1873 and n 1867 and 1868 /, a lawyer, found thut
tho statutes Of the United States permitted payments
Of the bonds in grecnbacks, aud may say that the
opinion concided in by other lawyers who exam
ined the question
OBLIGATIONS GOVERNMENT.
The General said that in regard the moral obli-
CATION Of the government to pay gold snce otherwise
all bonds would DO depreciatcd) the other prop
erty OF the country except bonds ana evidences OF
indebtedness, has dcprec ated on The average about
thirty three per cent? everything is thrtythree per
cent lower II you owned house worth 500, 900,
and il was mortgased FOR $4,000, 1t is now worth
$4,000 s7o,oUO, but the mortgage Is st $50 600.
The bonds have not depreciated at all, aud since
tho other property has deprecated why should not
the bondholders and creditors come IN and bear q
small part OF the general depreciation? II your
property has decreased thiriythrce per cent
why cannot tho creditors stand depreciation of less
than ten per cent? dont believe that this depreca.
tion will take place. l almost wish It might in order
that we could get at something like an average OF
these losses bclieve that silver becomes
legal tender three per cent OF the difference will
once disappear and in throo months time cona.
dent the other per Will disappear silver
will be US good as greenDacks 10th be equalized
70 gold In value l believe, further that u will
have u beneficial euoct upon tho country. the grain
houses OF the West bursting with grain: tho
warehouses 0l the East are filled with manufactured
goods, the railroads arc anxious 10 bring the gram
IRON the West 10 put into our mouths and TO carry
goods from the East 10 put upon the backs OF the
West, The passage Of tho bill viii tend TO bring about
that result because Will show 10 the people that wo
havo reached that position popuary designated
..hard pann that contraction has ceased, that
going any further 10 tnat direction. The puolic
confidence Will be restored, business will be revived
and we shall enter upon new career oil prosperity.
THE TARIFF AGAIN.
The General at this point reforred once TO the
tariff question. ana this time moro IN dClai than
Free trade, he said, will reduce the revenues OF
tho government ana the deficiency must be made up
from some other source. | shall oppose increase
OF the ten and coce. rnese are to bc found
man drinks Vt tea and coiiec the less whiskey
will no consume. We cannot tax rum any more,
because at the present nigh rate It IL I'm
possible to collect as mucn as we might
get if The tax lower aud there was not much
moro because It s already SO highly taxed that TO-
bacco frauds are greater than tho whiskcy frauds
The only thing efl therefore. is the income II these
tcmcn Interested in free trade press the abolish
ment OF the taxes from which tho government now
receives its revenues shall suggest renewal OF the
tax on incomes What should be taxed us income
IRON property which would produce an income
whether a man were alive dead. II produced by
his personal services or wages &C.. II would not
be would not assess the man who receives
tho Income thus max ng the amount ho would pay
depe upon the elasticity OF his conscience,
constant temptation to fraud; but since the In
is payable IRON invested property would make
tho payer reserve from his pay ment The income
RECONSTRUCTION.
You Will notice l have said nothing about recon-
wondered why | have kept still | will state 10 you
conhdcntialiy that u was because have thought
r,essa os ausn.o aoh found se wus s'n mpaOs Ss
with the idea that ho could build up The republican
party in the south thought ailcrwaru ne might
know about II Than did, aud would not inter-
fare with iair trial OF the experiment. He stiu
seems to have that belief ana IS honest In II. do
republicans have the same feeling. There Is, prob
ably not a man here who can understand how
ono eau be thoroughly imbued with that notion.
TRUTH THE WHITE HOUSE.
We must remember tnat the truth 10 never spoken
In the White House The President never has an op-
porlun,ty Of hearing the truth. wnen people 20 To
Inc White House ask iavors they very naturally say
President that he all rgnt and that the people
arc him and arc supporting him. They certainly
would never think their chance OF obtaining an Office
| any better II thoy should say TO tho president,
'.You are all wrong IN your policy, and tho people
| arc opposed to you"
II man wants post ollco In Hogtown hc is very
| sure not TO adopt tho latter theory
Mr. Van Huren told Intimate friend In lS40 that
you could hear the truth In the White House To
| illustrate Mr.. Van Buren, said
..Ihe ncxt morning alter election woke up with
firm CONVICTION that had been reelected President
as that was have my break last. l hnd been told
by every body that Il was all right, and was sure Of
| good majority. l did not find out that had been
! beaten until a fortnight later"
| There was probably not another man In the United
| Statcs over twenty one years OF who had not
know for three months previous TO The election that
| Mr.. Van Buron was beaton. have appeared in the
unusual role OF pacincator. People have come 10 mo
aod tho coursc md