The New York herald., 1877-12-18
Tradesmen and LabOrers Among the
Brokers and Breakers.
The WAR or The REPUBLICAN ROSES
Civil Service Reform and the Olive Branch
in Bad Odor.
PEACEFUL OUTLOOK ON THE BIO GRANDB
FROM OUR SPECIAL CORRESPONDENT.

WASHINGTON, Dec. IL, 1871
SILVER CIRCULATING IN THE wEsT-How THE
DESIRE FOR THE DOLLAR OF OUR FATHERS
is BEING aRATIFIED-THE GAIN TO THE
BANKERS AND BROKERS AND LOSS TO THE
rBADEsMRN AND LADoRERs.
rbe attention OF the Secretary Of the Treasury mas
been drawn TO some recent movements OF Tho dollar
OF tho daddics which show that in the West tho law OF
demand and supply Is In forcc, and the Western peo-
pie who Justify crying for silver dollars
getting them. Circulars from San Francisco bankers
have been sent In large numbers TO bankers and man.
uacturcrs all the northwest, offering 10 iurnish
them trade dollars In any quantities al and halt
per cent discount, for greenbacka 1t has become
known tnat Mexican dollars havo recently begun
10 60 West from New York in considerable amounts,
being collected and sent out by Now York brokers
who sell them TO manufacturers for ninety
on the dollar.
The Western workingmen have SO long been told by
demagoguos that they ought have tho silver dollars
TINT they largely believe In IT, and employers OF labor
In sho Northwest have begun pay trade dollars
In wages, and ind Il, for the moment popular act.
Their workmen glad to get silvor. and have not
yet discovered that they taking about ninety
cents worth OF silver for evcry dollar they earn.
Employers, with large psyroIs, Of course, mako
whch cost them only ninety cents, and bankers
who supply manufacturers and other employers with
silver instead OF green backs also make handsome
gan.
Prudent bankers, OF course, not like to reverse
this operation. Thoy dscue to receive silver
dollars deposit and return grcenbacks TO the
depositors At eome points In tho West
they already refuse 70 do 80, and this
Is embarrassing merchants and shopkecpers whose
t~n~o ~
tho silver dollars received by the work,ngmen
Of course ultimately flow into their ts and havc
then 10 be paid out by them. Here Washington
Of tho leading banks hos already found u necessary
to refuse silver dollars from merchants and manufac
turcrs, except as special deposit to be returned In
silver. and a prominent banker here says that hts
New York correspondents will mot credit him for
greenbacks . deposit of silver, wherefore he must
Of course, protect himself M
The supply or trade dollars, now worth about
ninety i've oents In greenbaoks quito large san
Francisco, whore the banks have for long time
fused 10 take sver except rs special deposit, and
these dollars therefore shipped the Northwest
states In large quantities and considerable
profit that owners or silver bullion out thorc urg
ing tho Mint to more rapid coinage OF trade dollars
In Texas, also. slvor Is received only at It's
actual value currency gold and at
largo discount therefor Tho Texans somo time ago
found themselves subjected 70 food Of Mexican dol
lars which worth about the same as our trndc
dollar, and protect themselves against loss bankers
and merchants uaised aocept silvor dollars only
their proper discount and silver North every op
portunity.
II caun0t be long before Western bankers and
chants become aware OF the loss to which they SUBJ
joc themselves by suffering the circulation ut par Of
silver dollars. grocer who sells sugar, tea, coffee,
-four and other provisions 10 the laboring classes
at customary prices and takes pay IN trade
dollars loses, in fact, nvc cents on every
dollar, which vii, mako holc very quickly In his bal
sheet. he must discover he seeks to
rcplcnish his stock. When tradcsmcn begin refuse
trade dollars raise their prices to avoid loss the
workmon will discover their silver fanasicsm has
led them accept less money than thoy earned and
that In trying TO dcrrecate the currency they have
been, mass, the heaviest losers
THE WAR AGAINST TIE PRRsIDENr-FUTILE
EXPORTS TO PATCH UP A PEAcE-ATTITUDE
CIVIL SERVICE REFORM.
II 10 evident that the recess will be spent by num-
bcr OF republican Senators and Representatives
tsmpts repair the damages inflicted on the party by
tho recent heavy gales In the Senate The
leaders much exasperaed with President as
though he had beaten them, aud their effort is to
lessen his following In the senate, which might.
perhaps, be made for time numerically smaller
bot could scarcely In any be less effective
than IL has becn Tho moro moderate Senators
meantime go about patting the others the back
and trying 10 heal their wounded feelings and they
get very ttio thanks for tboir trouble, tho ant
Hayes mon are not in temper TO DO By tho
smooth words Of Intermediates Thor dctermipa-
sion ia II possible. to gain every republican
Senator to tho Hayes side boforc recess
pires and thus 70 present solid and unbroken front
against tho President
.'what can President do without party behind
him?" they ask. HE will DO lost sheep In the
wilderness; ho can do nothing, aud that will bs the
snd OF him.
But the President, far be ascortained does
think the situation his opponents describe very
disastrous. HIS friends say that Mr.. Hayes Is not
looking after second term, and that no desire
for or need Of personal therefore, that he has
but tow measures to propose and those his opn-
ION, not only necessary Tor tho public good, but hav-
Ing tho favor OF tho people, and that he will do his
duty in proposing and Recommending them and loavo
Congress 10 do It's will tho consideration
H them; that as TO appointments II be
mates good and the senate rejects them
Mat will be pretty certain by and by 10 attract the
attention Of the public, whicn will doubtless form
Just Judgment In the natter and that II BY mrstaxe
no nomnatcs UNIT hc wants the Senate to reject
them. this last matter, by tho way. fact that
tho President has said TO several Senators whom no
supposed TO be inclined to support his nominatons
~ want you 10 understand that At any umc IL 10
shown your satisfaction that have nominated an
unat you will do favor by helping 70 rcjocs
him. Do no, hesitate for . moment to do So and do
not believe that shall be offended bot the contraryn
IL was understood whom The annual message ap-
psared that The President would seud TO Congress- Ia
short time, special message on the reform Of
civil service IL 10 now probable that this message
viii bs sent In soon afser Congress resssemblos.
This viii bring the question befors Congress. and
though largo majority in zach House would pruba-
MY laugh II ous OF court this reform Is without
energetic fricnds IN both Houses, who viii not lot
II be smothered without Al esst effort
10 got attention, nor probably without got
ling q voto on IL which will let the country SEQ
whn ia axainsf raforn In fha Honsa Mr. Carfar 4ns.