, 1880-11-05
PUGET SOUND ARGUS.
our WASHINGTON LETTER.
WASHINGTON, d. C. Oct. S, 1850.

A serenade was rendered the new
Postmaster General, Horace May.
usrd, last night by the Tennessee
Republican Association. 1t was an
elegant aud successful affair
Speeches were made by General
Maynard, Secretary Thompson, Con
gressman Houk, of Tennessee, Hub
bell of Michigan, and others. The
serenadv closed with three rousing
cheers for Garfield and Arthur.
The fact that the Republican Con-
gressional Committee is now giving
its sole attention to Indiana is con-
sidered is proof positive here tha:
the Democrats have given up al
hopes of carrying Maine. Ina pri-
vate letter received here yesterday
from Indiana the writer gives the
names of number Of prominent
Democrats who have declared for
Garfield, and Porter the Republican
4, candidate for Governor. The great
est accession to the Republican
ranks, says this gentleman, is the
Hon. w. q. De Parm Of New AL
bany, one OF the wealshiest men in
the State. He employs seventy i've
men, all Of whom were formerly red
hot Democrats who have now de
clared for the Republican candidate.
He says Indiana will give at least
1000 majority for Porter, and about
the same for Garfield o month later.
1t is pleasing to note the large
number of Democrats engaged in
profitable business now joining the
Republican army. 1t is now actually
business necessity for them to de.
clare for Garfield and Arthur, and
throw their influence in favor of
prosderity and continuance Of the
successful policy OF the Republican
party. To thinking men, to all who
thrive in times of prosperity, the
Democratic party offers only disaster
and financial ruin. The manufac-
turing and mercantile classes of our
population begin to scent the near
danger that turks behind Democratic
success, and are putting their efforts
where they will do the most good.
From the signs of the times it is
safe to ssy that Garfield and Arthur
will be elected by one Of the larges,
votes ever given Republican Presi-
dentisl candidates.
Now thar Ben Butler has landed
fairly in the Democratic camp it is
we'll TO look at his record for the
past'few years. In 1877 he was a
Republican, in 1873 he was labor.
reformer; last year Q Greenbacker,
and this year he is o Democrat. It
ID alarming to think that next year it
10 his turn to be Republican.
Thus far three members of the
House committee on the District Of
Columbia have failed Of re-nomina.
tion to the 47th Congress. All the
other members, so far as their con-
ventions have been held, have been
re.nominsted.
There is fruitful matter for Con-
gressionsl speculation in the treas
ury accounts. The statements show
from time to time a certain amount
OF National bank balances. Now il
amounts to SlS,767,UOO. VI this
sum there is $s17,9Sl.45 in United
States notes deposited to secure the
circulation Of banks that baye failed.
The practice is, for the bonds that
originally secure circulation to be
withdrawn and notes left in the
treasury in their stead. As fast as
the notes of the failed banks are
presented they are redeemed from
this fund, but there is a certain pro-
portion Of th issue of the national
banks that is lost and will never be
presented. In the meantime this
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