The New York herald., 1879-12-11
WASHIN GT0N.
A Policy Mapped Out for the
Democratic Party.
SENATOR HAMPTONS PLAN.
Hard Money and Harmony
with the South.
MISUNDERSTANDING THE PRESIDENT
General Grants Friends Pressing the inter-
oceanic Canal Scheme.
RELIEF FOR IRELAND.
FROM OUR SPECIAL CORRESPONDENT.
Hard Money and Harmony
with the South.
MISUNDERSTANDING THE PRESIDENT
General Grants Friends Pressing the Inter.
oceanic Canal Scheme.
RELIEF FOR IREL AN D.
FROM OUR SPECIAL CORRESPONDENT.

WARRINGTON. Dec. TO- 1879.
SENATOR WADE HAMPTON GIVES HIS VIEWS
UPON THE POLICY THE DEMOCRATIC PARrY
SHOULD AssuME--THE CURRENCY AND THE
SOUTH.
Senator Wade Hampton yesterday expressed him.
self very fully in conversation. concerning the
financial question. and your correspondent. with his
permission. sends you the following the SUBJ
stance of what he said. Senator Hampton. as you
approval of the resolution recently introduced by
Senator Bayard. and expresses himself strongly in
favor of its adoption and support by the democratic
party. ''Mr. Bayard." he said. ''is one Of the
comparatively few men in the country who
had rather be right than President and his in
regard to the currency has left room for doubt.
IL any man of any party disposed to doubt.
that he is guided in this matter solely by his sim
cere. and. as believe. sound convictions Of what
will conduce to the best interests OF the whole
vctions which. he maintains. in perfect accord
with the oldest and soundest financial principles of
the democratic party asserted by former rec
ognized leaders.
DEMOCRATS AND HARD MONEY.
''The democracy" he says, "has always been .
hard money party and should hasten to seize the
opportunity now presented Of declaring its devotion
to its old financial principles and OF placing itself
squarey record in their support. The republi-
cans naturally hesitate to adopt the democratic
theory. or even to 60 the lengths recommended by
their financial leaders, but rather manifest strong
desire to leave matters they stand for
fear OF the serious discussions and divi-
stons likely to be occasioned in their own
ranks by this sudden attempt at wholesale
conversion. There is for hesitation on
the part of democrats. The course indicated by Mr..
Bayard and indorsed by the President and Secretary
OF the Treasury is directly in tho line OF all DEM
ocratic principle and precedent. and should be
adopted. therefore. in my judgment. without dis
sentins voice. Tho party has scoquetted with soft
money doctrines quite long enough. and has lost
steadily and deservedly in consequence 1t ought
be satisfied with tho experiment and repeat it,
The greenback party. as such, has almost disap-
peared. its members having returned in q body
to- the republican party, from which they
were drawn. The soft money democrats have been
allowed to test their full strength and having failed
in every State should be willing to confess their
weakness and permit the other-the hard money
wing of the party to dictate its financial policy in
accorance with old and fundamental principles and
conduct the fight to successful issue.
MORE BABY NONSENSE.
Even If there nothing more at stake than the
election Of q President" continued General Hamp-
ton. ''and soft money candidate could be elected.
he would be powerless to carry his views into
effect in the face of the overwhelming op-
position he would encounter in his own
party. in Congress and in the country. There
Is absolutely nothing to be gained by fur
ther compromises with the soft money theory.
and none should be made. in my judgment The
country has emphaticaly declared itself in favor of
hard money. and expediency alone would to
require that the democracy should take advantage
of the present situation and place themselves in the
strong position left open by tho hesitation and
decision Of their opponents. We could not be
charged with tampering with the currency. seeing
that the question has been opened by the republi-
can President and his Secretary, whose action has
left us no alternative but to choose sides. 1t
only remains for us, therefore. to place our
selves on record in defence Of our own
principles or against them. The HERALD was
right in the views it expressed in a recent editorial
on this subject. The democrats now have their op-
portunity Success is within their reach If they act
wisely and promptly and they deserve defeat II they
OF 1t. 1t would be sound policy. therefore, for us to
do our duty. But whether should succeed or
FAIL whether it is expodent not. would make the
hight this issue and this line. 1t is the line of
consistency and principle and had better be
whipped nghting for the right than win upon any
other ground.
BRINGING NORTH SOUTH TOGETHER.
"There is another view of the matter" he con-
tinucd. This financial question in fact the real
ground upon which is based whatever feelings of
dstrust and dislike the North may entertain toward
the South. We are suspected of being at heart
community of ropudiators. or. at best. of holding
very loose and unsound views concerning the ma
tional currency and national debt. and so long as
this N the the business interests of the weaher
section. which have much at stake in tho rcttlc
inent OF these matters. will continue to regard
with suspicion and every
sion of power which tho South may obtain.
or be supposed TO obtain. through tho successes Of
tho political party OF which 1t constitutes so large
proportion There is no real hatred on the part of
the people OF the North toward the SOUTH as is so
often alleged. but there s this manifest feeling of
anxiety regarding the safety OF their Investments
which arrays tho moneyed mon anc property holders
generally in defence of a sound currency and nxed
financial policy aud against the attacks which they
have been taught to fear the democratic party and
especially the South. are disposed and roady to
maze upon the nrst opportunity. There Is
81 course foundation whatever for this fear Tho
sonth has always been conservative, and should IL
called upon again to exercise proper share
IA the direction of the general government which is
all that a asks will assuredly be conservative In
the future ~ has been n the past.
rnusr SOUTH.
The south requires only to be fully understood in
order 10 bc fully trusted. but we can prove these
facts only by upon financial questions as
they come up in Congress. proper occasion
for rcassuring action In now pre-
scnted. as ~ seems 20 INC. and tho South
should put itself promptly and cmphaticaiiy
ON record In support OF u settled financial policy.
settled eurrncy aud a settled country. II every
democrat. and particularly every southern democrat