The New York herald., 1879-12-18
WASHINGTON.
Proceedings Of the National Re-
publican Committee.
CHICAGO ON JUNE 2, 1880.
Effect of the Decision on the
Various Candidates.
PROGRESS OF TIE FINANCIAL FIGHT.

Senator Morgan at the Head of the
Infationists Cohorts.
FROM OUR SPECIAL CORRESPONDENT.
WASHINGTON. Dec. IT. 1879
THE NATIONAL REPUBLICAN CoMMITrEE-wHAT
ITS ACTION INDICATES.
The labors and conclusions of the National Re-
publican Committee which has been in session here
to-day, have in the opinion of the closest and most
competent observers, no bearing upon the fortunes
of any candidate. The selection OF Chicago for the
meeting Of the Convention is believed to please
the Blaine and Grant men more than the Sher-
man men. The election of Senator Don Cameron
~ chairman is said in some quarters to have been
accomplished by the influence Of the Shraman men,
but the better opinion is that he chosen because
he is q skilful and bold political manager and man
of wealth, and because it will increase the zeal Of
the Pennsylvania republicans. The only notable fact
which appeared in the committee is that the West
orn men are. almost without exception, opposed to
theGrant movement. so called. far Western member
OF the committee said this evening that he
prised to and in his journey through the North
western States toward Washington that the Grant
said. sis for Blaine The people talked with and
travelled with told that in their Judgment it was
not wise necessary to renominate General
Grant; that the party has other men . per-
fectly capable of filling the Presidential
chair and that the proposition to nominate General
Grant for third term, even if he wanted it, which
was not at all certain. imprudent. contrary to
the wholeso me political traditions of the country
and the examples Of our great men and without
Justification. They haa united, in giving him q
friendly and enthusiastic reception his return
home. but that did not moan that he ought to have
sthird term nomination"
THE FINANCIAL QUESTION IN THE SENATE
SENATOR MoRaAN's RESOLUTION IN opPosI-
TON TO SENATOR BAYARD's-RALLy OF THE
fINFLAT1oNIsTs
The financial question advanced ono very i'm
portant step to-day in the Senate. Senator Morgan.
OF Alabama as the representative man Of the demo-
cratic inhationists. offered q resolution. framed ev
IDENTIFY SO to be the exact converse of Senator
Bayards and opposing the repeal OF legal tender.
The resolution also demands the free and unlimited
coinage of silver. 1t is in these words:-
Resolved, That the continuance of the existing
volume of United States Treasury notes. with their
legal tender preserved and the maintenance Of their
equivalency III value with coin. is demanded by the
present necessities of trade, commerce and industry
and that the full restoration Of silver coinage to an
equality with gold is necessary to secure to the
pie OF the United States sufficient and permanent
supply OF money to maintain our national pros
perity
THE FIGHT OPENED.
~The battle is thus fairly opened, and, while it will
not be fought out before the holidays. Mr.. Morgans
resolution offers ralying ground for the democratic
and republican infationsts, just tho supporters
Of q sound currency have Mr.. Bayard's resolution
for their standard. As both these gentlemen
call themselves democrats it will now be-
come an interesting and possibly an i'm
portant question who is the real democrat
and to which OF the two banners the democratic
Senators and Representatives will rally. There is
no possibility of compromise between the require
ments of Mr.. Bayard and those of Mr.. Morgan, and
the step taken by the lattcr to-day in Offering his
resolution and emphasizing it by speech shows
shat the infationists have made up their minds not
TO be driven into the support of sound money. and
not even to consent to weak burking of the ques.
ton.
DETERMINED LEADER.
Senator Morgan is known in the Senate as one of
the most determined and outspoken infatonists in
that body. He has concealed his opinions,
and set speech he made the finances two or
three sessions ago created sensation of alarm
among the soft money men at that time. who
marked that elf Morgan means all he says he looks
very straightly toward repudiation" In tact good
Morgan went further than they willing to fol-
low him. That he should now be placed in
the Of those who oppose Senator Bayard's mo-
ton may be regarded as significant of the meaning
and purpose OF those who insist that the greenbcks
shall not be deprived of their legal tender quality.
They know that repeal the legal tender clause
to make new imitation impossible, and this IL the
main ground OF their opposition.
ANOTHER SECTIONAL ISSUE.
Senator Morgan is a bold and determined poll.
tician. He understands perfectly that the Eastern
democrats. not only in the Senate but in the House,
will not follow submit any longer to imitation
movements. This the Western and Southern
imitation democrats plainly told last
year, and it because they were
strongly impressed with this determination of
the Eastern democrats to abandon the party rather
than support soft money initiation policy that
they got up the elections marshas and troops the
polls issues, on which Mr.. Thurman and others
were 40 disastrously beaten in the fall elections.
Mr.. Morgan has now, ON behalf OF Western and
Southern innationist made the issue with the East
em democrats. The imitation wing of the demo-
cratic party thus declares that 1t will not resign
prctensions to rule the party and prescribe its
policy. 1t has put forward in this movement not
its ablest or strongest man. but that ono who
is least apt to finch and VINO will TRANQUILITY go to
the greatest lengths. II would not trouble Senator
Morgan's mind cause him TO fater IL the
sion should arse for him in the OF his associ
ates to read out Of the party men like Senator'S
Bayard Herman and Randolph lie has not COM
promising spirit. aud IL the nhationists mean fight
they have CHOSEN the proper man to head them.