, 1877-03-16


Special ntpatcA 10 7ns n1auzs
WASHINGTON. D. C., March 15-9outheru Re.
put1fcana hero aro vcry much discouraged to-
night At thelg prospects. Ex-Rewescntatists
Marry and Smith, Of Louisiana, arc willing to
concede nothing except that tho result Of tho
Presidents proposed pulley will be tue abaudon-
tnent Of tho Republican party South. Thcy
both say that II tho troops arc withdrawn, and
Packard Is not recognized ntllrmatvcty, In the
next election Louisiana will 10 Sc, O,000 Demo
cratic, solid as Georgia ind Mississippi now nre
and that the Republican organization md Re-
publican yotcs will entirely disappear. These
soulhcrn Republicans insist that t!,e!- entGe
existence depends upon the recognition OF PacE-
ard, but they admft that bis recognition
aoss srEMs IMPROBABLE,
and that the troops will be withdrawn from the
state-lIousc to the barracks. They do not oNer
10 chow, however, how President Hayes cau
permanently support tic Packard Government
by the use OF the arny, WHEN Ao llas no army
beyond tue 10th ol June, a1,l could not hare aa
practical fact. Ellis; ol Louisiana, Oh the con-
trary, Democratic Congressman wAu WIS sup
poscd to be MI extremist, heartily In
doEse~ IIaYes' policy, and insilnateA
that new Issues azc forming In the South
Independent Ut old party lines. Randall. Glib
soE, an1 Levy, Of that State, aro represented
O. holding al1nilar ytcws Joucs, OF Flurluu.
Uoniosrattc Senator, heartily !udoracs tAs
upon ths President and tell him So BoVy, Ut
Missouri, Will permanently decline 10 call upon
TIE President, while Morrison, Of Illinois rcFy
bitterly says that lie has not called upon tue
President aul does not intend to.
Ttfk FINANCIAL SIDE.
Every heavy commercial Interest III the North
i actively ut work trying to hasten actlon In
Louisiana and South Carolaa matters In order
that thu plan they hare for compromising the
4eb&s Of the southera States nay receive aid
urge that thu adjustment Of thcss dubts Of, q
satistactary basis Will 70 far towards restoring
the credit An4 material Interests Ut the South,
and ttlut It Ia y branch Of Southern aifaIrs only
sscond In Importance 10 TUG political problcu.
Of new bopis taS dciaai.ea ne prucinsi Sai
and Interest at tue rate OF % cci,ts
op tho dollar, with certain conditions In rcga1I
to tho future legal debt to bo contracted. Tl4Ese
propositions must bc arted upon In ahout tcu
lays, wlthlu which sln,e nearly alJ thu LcgaIa-
turca will adjourn. Thc capitalists Interested
think tl,clr sucerss will depend largely upon the
actiun taken by tho Administration ia regard to
the pending .pollt''al troubles. 1t these arr
quietly settled, they believe tho financial dl'll-
culttrs of most OF the Southern ktatcs Gun be
speedily dtallutste1 aud put Ia fair way for 4
satisfactory settlement.
=, SOUTH ,ea CAROLINA.
WAsltlHGToN,. Msrgh 1h-JudEe Mackey, Of
South Carolina, lad bricf Interview with Tho
President today aud read him telegram from
Uoy Hampton, ill., which the Governor said the
project u new election was an lnault 10 the
rrnor says hs dues not With to b recognized;
what he Gcsircs IL that tho troops bo removed
from the stath"llousu; then tic will OF tho
people e4n bc carried out peaccahly.