Centre Democrat. [volume] (Bellefonte, Pa.) 1848-1989, 1881-03-17
LETTER FROM WASHINGTON.
Prom our Regular Correspondent.


WASHINGTON, d. c., March. ii, 1881.
Those Republicans who do not love
Gen. Garfield, and those who, though
they have him now, wish to establish
and maintain absolute party control
over his administration, are working
hard for an extra session. So are few
Democrats who see party advantage in
an extra session. Outside Of those class.
es do not believe five Congressman
hope for such session. The time
when the passage of a funding bill, and
its approval would have been a sure
provision against any loss of public
credit has gone by. Before funding
legislation can becompleted at an extra
session the early option of the Govern.
ment to redeem its bonds will have
passed, and we shall have entered upon
the term of many years at the end Of
which they must be redeemed. The
veto of Mr.. Hayes put the Government
credit in danger-slight danger to be
sure, but the only danger it has or will
be in until the time for final redemp
ton of the bonds arrive. Besides even
if an extra session were held, no one
knows, and few believe, that a more
satisfactory funding bill could be passed
than the one of the late session.
There is, therefore, little if any neces.
sity for an extra session, and when !
add TO this the fact that President Gar.
field, with a distrust of Republican Con.
gressmen which does honor to his intel.
ligence. does not desire one, think it
reasonably certain that there will not
be one.
The decision just given by Secretary
Window against the right of National
Banks to recall legaltenders deposited
for the purpose of Withdrawing circula-
tion, is a very important one. 1t can
not be considered "a unfair to the banks,
while it reserves to the Government
power which may become absolutely
necessary for the protection Of its peo-
pie, and while the Government forces q
system of banking upon us it is in justice
bound to protect us from the evils OF
that system. The late proposal of Ger.
tain banks TO withdraw their circulation
may not have been intended as a threat
made to influence Congress or Mr..
Hayes regarding the funding bill, but if
more banks had united in the move
ment, or should unite in future one
of the kind, they would be able, as we
now see, to bulldoze Congress or the
President. They would say, in sub
stance, "do as we wish, or we will throw
the business of the country into dis.
order" After accomplishing their pur.
pose, they could, If the Seoretary's de-
cision were otherwise than il Is, restore
their circulation to it's old limits imme.
diately and without expense or incon-
venience, and 60 on In business until
they wished to combine again to in.
fluence legislation.
It is now apparent that Senator Ma.
hone intends to act without regard to
either political party-rather. perhaps,
with regard to both of them--and pick
up what patronage he can from Re-
publican administration and from other
sources. If there is any case in our po.
litical history in which such a course
brought permanent profit to any one,
or permitted q continuance of the re-
spect which gentlemen wish to feel for
each other, ] have forgotten it.
DoN.
Miss Annie Kearney, aged twenty.
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