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.

FROM OUR SPECIAL CORRESPONDENT.
WASHINGTON, Dec. II, 1877.
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
TBADEsMRN AND LABoRERs.
rbc attention OF the Secretary Of the Treasury mas
been drawn 10 some recent movements OF tho dollar
OF the daddcs which show that in the West tho law Of
demand and supply Is in force, and the Western peo-
pie who Justify crying Tor silver dollars
getting them. Circulars from San Francisco bankers
have been sent in large numbers TO bankers and
utacturcrs all the northwest offering to furnish
them trade dollars In any quantities al and halt
pcr cent discount, for grecnbacka II has become
known also tnat Mexican dollars havc recently begun
10 60 West from New York in considerable amounts,
being collected and sent out by New York brokers
who sell them 70 manufacturers for nnetyscvcn
tho dollar.
The Western workingmen have SO long been told by
demagoguos that they ought have tho silver dollars
that they largely believe In IT, and employers OF labor
In shc Northwest have begun pay out trade dollars
In wages and Ind IT, for the moment popular act.
Their workmen are glad to get silver. and have not
yot discovered that they taking about ninetynve
cents worth OF silver for evcry dollar they earn
Employers, with largo payrous, Of course, mako
comfortable profit By paying silver dollars par
which cost them only ninety cents, and BANKERS
who supply manufacturers and other employers Win
silver instead OF green backs also mako handsome
gatn. 89a.
Prudent bankers OF course, DO not like 10 reverse
this operation. They decline to receive silver
dollars on deposit aod return greenbacks 10 the
depositors. At some points In tho West
they already refuse 70 do 80, and this
Is embarrassing merchants and shopkecpers whose
accounts threaten 10 become seriously deranged bo
cause the silver dollars received by the workingmen
Of course ultimately fow into their tills and havo
then 10 be paid out by thcm. Here IN Washington one
Of the leading banks has already found u necessary
refuse silver dollars from merchants manufac
turcrs, except as special deposit to be returned In
silver. and prominent banker here says that hts
New York correspondents will not credit htm for
greenbacks on = deposit Of silver, wherefore he must,
Of course, protect himself
The supply OF trade dollars, now worth about
ninety cents In greopbaoks quito largo ~
Francisco, whore the banks have for long time
fused 70 take silver except special Deposit and
these dollars therefore shipped TO the Northwest
States In large quautitiog and considerable
profit that OF silver bullion thcro urg
Ing tho Mint to rapid coinage OF trade dollars
In Texas, also. silvor Is received only at its
actual value in currency gold and at
largo discount therefor. Tho Texans somc time ago
found themselves subjected 70 flood Of Mexican dol
lars, which worth about the same as our trade
dollar and TO protect themselves against loss bankers
merchants united accept slvor dollars only as
their proper discount and sell silver North at every op
portunity. f*a
II caunot bs long before Western bankers and mer.
chants become OF the loss to which they sub
joct themselves by suffering the circulation par OF
silver dollars. grocer who sells sugar. tea, coffee
-four and other provisions TO the laboring classes
at customary prices and taxes pay in trade
dollars loses, in fact five cents on every
dollar, which will mako holo very quickly in his bal
anco sheet, as he must discover he seeks
rcpcnish his stock. When tradcsmcn begin refuse
trade dollars raise their prices avoid loss the
workmon will discover that their silver fanasicsm has
lod them TO accept less money than thoy earned and
that 10 trying to dcrrecate the currency they have
been, as a mass, the heaviest losers
THE WAR AGAINST TIE PREsIDENr-FUTILE
EFronTs TO PATCH UP A PEAcR-ArTITUDE
OF THE ExECUTIvE-THE PROSPECTS FOB
CIVIL SERVICE REFORM.
II is evident that the recess will be spent by Q num-
bcr OF republican Senators and Representatives IN at
tempts TO repair the damages inflicted the party by
tho recent heavy gales In the Senate Tho antiaycs
leaders much exasperated with President as
lessen his following In the senate which might.
perhaps, be made for time numerically smaller
bat could scarcely In any be less effective
than 1t has been. Tho moro moderate Senators
meantime 60 about patting the others on the back
and trying 10 heal their wounded feelings, and they
get very to thanks for tbcir trouble for the snti-
Hayes mon are not In temper 10 DO over By tho
smooth words Of intermsdiaries. Thor dcierm,na-
sion Ia II possible, to gain over every republican
Senator TO tho antiHayss side booro recess cx-
pres and thus present solid and unbroken front
against tho President
'what can President do without party behind
bin 20 they ask "He will DO a lost shcep in the
wilderness; ho can do nothing, and that will BE- tho
Dnd Of him.
But the President far be ascertained, does
think The situation opponents describe so very
disastrous. HIS friends say that Mr. Hayes 10 not
looking alter second tsrm and that no desire
for or need Of personal party therefore, that he has
but Tow measures to propose and those. his opin-
ION, not only necessary FOR public good but hav-
Ing tho favor Of tho people, and that be will do his
duty in proposing aud rcommsnding thep and loayo.
Congress 70 do its will tho consideration
lnem; tnat a. 10 appointments " he nom.
mates good men and tho senate rejects them
MAT will be pretty certain BY and by TO attract the
attention Of tho public, whicn will doubtless form
Just Judgment in the matter, and that IL By mistake
no mates unit men he the Senate to reject
thcm this last matter, by the way is fact that
tho President has said 10 several Senator'S whom no
supposed TO be inclined to support bis nomiuatons-
' want you TO understand that II at any smc Il is
shown TO your satisfaction that have nominated an
unit you will do favor by helping 70 rcicc,
him. Do not hesitate for moment to do %, ana do
not believe that shall be offended, bot the contrary
II was understood whom The annual message ap.
psared that the President would send 10 Congress- Ia
o short time, special message the reform OF the
civil service IL 10 probable that this message
will bs sent In soon afser Congress reassembios
This will bring the question before Congress, and
,housh largo majority in zach House would pruba
NY laugh ~ out Of court this reform is not without
energetic frionds in both Houses, who will not lot
u be smothered without nj least an effort
10 got attention. nor probably without got,
ling q voto on It which will let the country SEQ