Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1878-04-18
Correspondence.
Letters from Washington.

WASHINGTON. II. G.. April 10. less.
The late conference Of Secretary sherman
with New York bankers seem. TO have been
with reference 70 resumption. Here II /, "a q,
be ststed that he needed iii0, 90 To un-
deItase il; that Of that sum he hA. 5000
49, and desired them TO subscribe for the other
$4,000 Oo3, taking bonds 10 payment. He also
desired them to take oioo. 90, 900 worth Of per
cents at par, allowing = commission Of / per
cent for their sale. Bankers amer 4 secret con-
terence are reported TO have declined the per
cent as their szle was too uncertain, but ex-
pressed their willingness TO subscribe for the
5000 0oo In aid Of resumption, and sell them
At the price Paid without compensation, pro-
viied they are allowed their option In choosing
the ~ or per cents Of ISL. in lien Of The per
cents. The conceded ability Of the Secretary q
now heard, Is In marked contrast with the esii.
mate made by him prior TO hi. conferences with
the financial Committees Of Congress.
Though the Bourbon House majority felici-
iates itself upon the disposal Of the Doorkeeper
business without rupture in its own ranks,
the CLEAR beaaet are forced to admit serious
damage. They have l1peri;ed their control Of
ou. Of Folks administration. Everybody I'm.
derstands that he was sacrificed 10 save large
number OF their representatives who persistent
ly urged the violations Of law that condemned
him; sad be shows q disposition to fight back,
which. unless his silence can be bought. threat.
ems to still more seriously complicate their
troubles. Then they were forced into showing
their preference for an unshriven rebel over Q
Union soldier and Democrat. OF all classes
Field is most repugnant to the Union sentiment,
Is he deliberately elected treason and perjury
to the government that educated him; and then
to make his venom more nnnistskable be
swore allegiance to the Khedive to show his
hatred to the magnanimous government thst
spared the life be had forfeited under circum.
stances peculiarly sggrsvsting.
1t seems the general verdict on Woods work,
that his tariA-sdjusters haze made their hatred
Of New England too apparent In their re-adjust-
ment Of the tariff and their partially Of the late
Iy rebellio0s section quite Is conspicuous. A
large deficit seems inevitable under the bill pre-.
pared which can hardly commend it.
Never, perhaps. since railroad Hobbies came
to be recognized q about the most formidable
influence the national legislator had to encouut.
er here. and overcome, II be would conscienti-
ously ae9uit himself Of the responsibilities Of
his position. has the monopoly power suffered
90 decisive defeat a. that which overlook jay
Gould and his lieutenanis on the 9Th, by the
passage Of the judiciary Committee, or Thur
man funding bill through the Senate by . vote
Of 10 to 10. The House Railroad Committee
had previously reported the same bill favor,
ably, 50 that it was not only defeat but dis
ssirous rout Congress for once has asserted
its superiority to the most cunnlnsly devised
schemes TO swerve Il froa the plain line Of
duty. by men Dotorious The world over for their
ability to 20 influence legislation - 10 best sub
serve the interests Of . few great monopoly
magnates with hundreds Of millions backing
them. The issue had become narrowed 10 such
limin ~ e va understoed their success
would % sacarsly rivet the shackles hey had
fornsd q ~ lav.9aklpg power, that nothing
shost a rsveluetsq would likely reDsee y.