Smyrna times. [volume] (Smyrna, Del.) 1854-1987, 1880-01-21

LEIPSIC, Jan. 18th, 1880.
Political.
At present the outlook in the Senate is
said to he unpromislng for the Bayard res.
Oution, and ali other financial measures a,
well. The refusal of Senators Morrill, and
Wallace to give their approval to the Bay.
ard resolution without reservations has
destroyed its authors hopes of passing it,
Financial discussion has already begun.
however, in both houses, and will continue
Mr.. Alexander II. Stephens proclaims
new gospel of finance. No schemes o.
slow retunding for him! He wants ten
mints set up at once and worked at high
pressure, to coin enough silver dollars to
pay the bonds as soon AS they mature.
Mr. Stephens saw something Of the systeIn
OF making money 'as rapidly as possible"
when he was Vice President Of the Con.
tederacy. Does he really want to try it
again--even with silver substituted for
paper?
Senator Morrills speech last week was a
clear and careful discussion of the wisdom
of any attempt to place rsfundins loan
at less than four per cent. The Senator is
opposed to a long loan, and doubts the
lower rate of interest than that recon-.
mended by Secretary Sherman. One
suggestion is made which will attract at
tsntion-that the failure of three and
a-half per cent. loan mis- ht endanger the
| success of second attempt at four per
| cent. On the other hand, the discussion OF
! Mr.. Woods bill in the House Committee of
| Ways and Means shows that the idea of q
reduction in the interest rate is received
| with unexpected favor, and among mem.
bers of the House generally as we'll as in
the Committee.
1t is highly creditable to the people Of
! Maine, divided as they are into two very
evenly. balanced factions, each of which
eagerly seeks the control of the State ad.
ministration, that no actual physical col
lsion has occurred. The fact is another
strong argument in favor Of free popular
government So much sarnestRsss on
either side, with so great degree of
mutual tOrebearance and selfrestraint,
show that liberty and loyalty to law and
order are stronger forces to keep the peace
of a community than any and all of the
repressive appliances of despotism com
( bined Each party seems steadily to have
born in view that public opinion cannot in
this country he safely disregarded, and
each has been apparently solicitious through.
cut to give its action an appearance, at
least, of conformity to law. Neither has
transcsndSd the boundaries beyond which
lie usurpatiOn and anarchy.
THE MAINE IMBRoGLIo.-The confusion
and strife of parties in Maine came to an
end on Saturday. Acting on the decision
of the Supreme Court, the Republicans
took possession of the capital. oragani-
zed the Legislature and elected Davis
governor with the other State officers. On
Monday morning they went to work as
naturally as if nothing had happened
leaving the fusionists out in the cold
Gov" Smith and the members of the
fusion Legislature proceeded in a body tc
the gateway of the Capitol at Augusta and
were refused admittance. They thereupor
organized a curbstone Legislature, eds
pensed with reading the records" and with
: out doing anything else of Importance
adjourned There was much excitement
, during the day and an immense CROWD
viewed the curious proceedings outside tht
5 Capitol.
They say that Governor Smith had 10000
1 men in readiness to act at a moment,
:. notice, but his council was for peace anc
1 prevailed. The Fusionists have secured
2 Union Hall, where they will hold thei
; legislative assemblies. The Fusion Score
i tary of State and the Governor have secured
Q rooms in the same building. None,
enough has been guaranteed to run thei
: Legislature all Winter and pay every maj
i his salary. They say they intend to appea
r to Congress and will soon have committe
q to investigate matters.
CHARLES O'CoNoR.-When Mr.. Charlie
Q OConOr was nominated for President SOM
If eight years ago, it was on the basis of tn
e resolutions of 1898 He represented. there
is fore, at that time the EXTREMIST sort o
States rights doctrine. few days since
a long letter was published, which Mr.. O
" Conor inflicted on certain democrats Q
e Newark, n. j., 1.-THE same to whom Nj
IS Bayard wrote. his admirable letter. becaus
is they invited him to celebrate with then
10 the anniversary Of the battle of New Ol
le leans. Mr.. OConor was not in frame G
le mind to celebrate anything. State right
err are no longer anything more to him tina
W potsherds. The sunset of life gives hin
ID mystical lore, and he sees, or imagines h
is sees, that the whole country politically
ia on the down grade, and that it must sithe
surrender itself to anarchy or to the ma
.r on horseback. Of these two evils he couI
lis sells preference Of the latter, because it
m castor to deal with one man than with
10 mob He predicts that the Democrat
n, party, of which for many years he was
ly shining light, but which he now turns b
~ back upon, will be defeated in the pres
K. dental contest, and az a choice of tn
evils which he thinks must ensue woul
- prefer to vote for Grant. He attribute
the loss of New York to Jehn K~ll,
go whom he styles ga factisnist," and Kell
A.
ne csited old man.
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