The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-03-28
BEN BUTLER.

in his ability 10 capture the democratic
nomination in 1854, says the Minneapolis
Tribune, that event is no, by any means
outside the range OF possibilities. A polit-
cal party which has In succession chosen as
standard bearer three citizens so gro
tesquely dlsslmilar in daorooser and antece-
dents as were Horace 0.ooley, Samuel J.
Tilden and Winfield Is Hanoook, can
hardly cause surprise bX ny nomination
which 1t may herea4U nake. Greeley
was nominated In az quasi deSpera-
ton, with the hopo 1& BY some lucky
chance he might 0v'1nough republican
votes To give the d(1oorQcy a nominal VIC
tory. Tllden was ten up partly because
be had recently carried the pivotal state OF
New X<1f large majority, parity pc
cause recognized rs perhaps the most
aatut hi manager in the democratic
rank bainly because he was known to
be cAlll10usly wealthy and willing TO
spend his money with tree hand IN order
10 compass his own election. IL was also
anticipated by the Bourbon leaders that
the result might depend upon various com
plicaiions in the matter OF counting the
votes o. several recently reconstructed
southern states, and IL was correctly as
sumed that Mr., Tilden, with his legal acu-
men, long experience in proving the worse
TO be the better reason, and, above all, his
utter unscrupulousness in the adaptation OF
means TO ends, would be just the person to
lead q corrupt, forlorn nope among the
electoral college OF the south. Greeley, the
republican wheel-horse, and Tiden, the
auperannuated trickster, having failed to
bring success to the democratic standards,
the experiment was next tried IN 1850 OF
nominating loyal Federal uniform, which
happened to inclose the robust figure OF
General Hancock. 1t is unnecessary TO say
6Aat this venture also proved u losing one.
The question now arises, what sort OF
candidate Will the democrats select IN view
OF what they choose TO consider their inn
proved chances of electing their man? The
redoubtable Butler has evidently scanned
the entire field of possibilities and made the
gratifying discovery that he himseli is the
only citizen OF the republic who combines
in one person those leading traits which at
the three last democratic conventions have
given the bourbon nomination successfully
10 Greeley, Tilden and Hancock. Greeley
had been republican leader, moving in an
eccentric orbit; was not Ben Butler
such q leader from 1851 TO 1873?
S. j. Tilden was democratic
governor. OF republican state an astu.e
lawyer absolutely destitute of principle,
aud politician who believed that victories
are won by device and legerdemain, Butler
precisely answers this description. Han
COCK was q union general during the war
and thus supposedly popular with the sol |
der element OF the country; Butler also |
meets this requirement. Here, then, we
have the last three democratic candidates,
with all the leading characteristics and !
traits OF popularity rolled into one, and that |
one the present rotund governor OF the
republican state OF Massachusetts. II there |
has been any sense in the three latest |
choices OF the democratic party what could |
be more natural or expedient than its SO |
lection OF Butler in 1884 to lead off in the |
democratic renaissance? Butler has evil |
IDENTIFY asked himself this question and has |
not boon obliged to wait long for the an |
gwer,. Tor he has answered himself. Like |
lElden, in 1875, Butler has organized a lite |
FAIRY bureau year in advance OF the nomi- |
mating convention, he has begun to stimu- |
late and promote in all parts Of the country |
that spontaneous enthusiasm in his behalf
which constituted SO curious and amusing |
q feature of The Tilden movement. There
is no question that, compared with |
the ludomitable Ben, Governor Cleveland, |
OF New York, even with his mountainous
majority is achil Id and cipher Mcdonald,
oil Indiana, would stand no chance with
Butler in The Hobbies and cloak rooms OF a
democratic convention, for he has neither
the lynx-eyed sagacity nor the pecuniary
resources OF the Bay State governor.
Bayard, OF little Delaware, with his clean
methods and old-iashioned integrity. could
not stand ioran instant before the onslaught
OF such gang Of hired olaoquers and in
tnguing coruptionsts rs Butler could and
would turn loose upon the democratic nonl-
mating convention. In word, we believe
that the nomination of Butler by the dem
ocsats Is not only among the possibilities of
the iuture, but among the strong probable
itiea OF lsSi.--[Boston Herald,
#
Soorotary tolger aud tho Money Market
WASHINGTON, d, c., March Is, lsSS,-If
the stringency in the money market turns
out this week TO be real, so as to effect bus
mess men, instead OF merely artifcialy at.
fecting stock brokers, Secretary Eolger will
probably anticipate the payment OF interest
on the May bond call. Another bond call
may be issued within few weeks. Such a
call would make big hole in the outstand
ing - per cents. The number yet out
standing OF these bonds, formerly bearing
and per cent, but bearing 81 per cent.
since the extension, is but S3S,0Oo.0o0. 1t is
HF'eAF.e tAeN AhS. amy ull Ut tukcn care oil
bv the end Of the fiscal year
This will leave three classes of bonds vet to
NO called--the II per cents due in 1891; the
4pcr, cents, due in 1907, and the per cents,
which have been exchanged for the ex.
tended ~ per cents during the past eight
months, OF the latter there are now SOS
100000 and by the end Of the year thew will
reach SSO0W0,0oO, These, IL will be re.
membered, were authorized by the first
session oil The late congress to be exchanged
Tor the outstanding 81 per cents. They
were sent IN IN large quantities to be ex-
onansed, In the hope that they might DO
in first were to be redeemed last, There
were over 500 100000 of these "a percent
ponds then outstanding, and of that
amount S2os 10000 have been sent in for
exchange. They are still slowly coming in,
and. before this S3S, 200, 900 now rcmaininr
out are called for redemption. the
amount OF the 3 FER conts IL.
sued in exchange will reach $500, OOO, 900
There will then DO at the end of the present
hscai year, June 80, three classes of bonds
10 Do pau IN wlping out the national debt
VIZ S5VOcoooo OF per cents, $40, OOO. OOC
OF | per cents, and $50, 900, 900 of Al mo,
cents, or a total of 81, 9O0, 0OO, 900, represent
ing tue entire Understanding na,iona
debt This is, In round numbers, abou,
one half of what the debt was when /,
reached the highest point, in August, 1865
Then II was S2,3S2,TSS POI. The more re
markabe difference, however. IL IN,
amount to be paid MS interest. Ther
NV interest was SlSS,0OO,OOO wear
Now II Is, in round numbers, $4,000
900 year. The first OF these three loi,
OF bonds TO BIO paid will bc the per cents
which are rcdeemable at the nlens
urc OF the government. How randy IN,
government will now he able 10 redeem
these isyery uncertain, as the reduction o
the internal revenue and the revision of IN,
tariu make all former calculations and OK
pcricnces Of no avail The statesmen VIII,
enacted the tariff and revenue bill esti
mated that II would reduce the reyenu
$70,OOo,0D per year. Should this be th
case the bonds will scarcely be redeemc,
at tho rate OF Sio,0o0,0Oo per year. The
VIII probably absorb whatever Mrpln
rpyonuc there Is until about 1857. Iva
I'm there will be u period OF four years 1
pass before moro bonds can be redeemed n