The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1877-08-02

is happy once more. Secretary Nc
Crazy has had little experience In rea
war, and it may stand him in good stead
hereafter.
THE DEMOCRATIC CANDIDATE.
There seems to be pretty general ac
quiescence in the minds of Democratic
politicians here over the result of the
Ohio Convention. Mr.. Bishop, Of your
city, the nominee for Governor, is con
eeded to be a most worthy and estima
BILE gentleman, and perhaps 1t was a
wise nomination. Converse was bit.
ter partisan with bad war record;
Ewing wouldn't suit the old-fashioned
hard-money Democrats very well; and
Sammy HUNTS hat isn't big enough
quite. Henry b. Payne, of Cleveland,
would have been the best nomination
possible; but Mr.. Bishop may prove
pretty strong.
He has no public record to be at
tackled; he is successful business
man; he has "Dari o'money," and
money must be had to run a campaign
for even strictly legitimate purposes
and he is undoubtedly popular in Ham.
ilton County, where the real light will
be made, for as you SO Statewlse and
Legislatively so goes the State. Toe
Democracy haven't much of a platform
but platforms are not very much relied
on after all. The fight will be as likely
to turn on men as on principles, and
then good name is tower of strength.
1t would seem from this standpoint as
If the Democracy entered the race in
pretty good shape, with a fair chance OF
distancing their opponents, If the cam.
palgn is properly managed. II is said
that Hon. John G. Thompson feels pretty
sore over the result, as his candidate
Converse was defeated. That snapped
one OF his strings, and If Ewing fails o.
the Senatorship, John G.'s cake Is al
dough. Then, even ii Ewing should
succeed, thompson must tight Converse
tor Congress.
AT THE TREASURY.
Hon. John Sherman is in good spirits
to-day. He receives news that thu
4 per cent loan is selling rapidly ii
Europe through the efforts OF the Syndi.
cate. There Is disposition amongs
the holders OF American securities tt
dispose of their railroad bonds ant
re-inyest in the Government loan, tn,
recent strikes having rather deprecated
their laith in railroad securities.
notice that a convention in indiana
has declared that these strikes are the
direct result OF u contraction Of the cur
reDcy by the Administration. Now this
assertion is all wrong, as can be readily
proven by facts which have ascer
tanned ut the Treasury Department
There has been no contrac ti0n since Mr.
Sherman took'the Treasury portfolio. L
Is true that 81, 900, QUO of greenbacks have
been cancelled; but over 81, ,0O, 900 of cur
renoy has been issued to National banks
during the same period, tt
say nothing Of the large amount, several
millions OF silver ooln, that has been
put into circulation. Another fact tc
prove that money Is plenty is this: Tha,
during the thirty days the new loan was
on the market the people subscribed fol
$50, 000, 900 OF it. And there is to-day OF
deposit by private parties In the United
States Treasury over $50, 900, GOO OF green
backs. They have placed il there simply
for security; 1t earns no interest, and is
OF no use 10 anybody. There is no de.
mand for 1t, and the owners put il there
to keep it safe from burglars and weak
banks. Now, II money was in demand,
would these $50, 900, 900 be left there IDLE
Certainly not. Money is plenty; work
is scarce. Money is abundant; conf.
dencs is gone. And will strikes pro.
duce work or confidence? Not bit otit
CINCINNATI. A