Year: 1878

W VhS1lNUlVN LEI Ell.


From our SPECIAL Correspondent


| WASHINGTON, ID. c., Nov. Is, 1878.


While the associated banks of New


York are commended for their pro-


posed action in refusing to discriminate
in favor of gold after the resumption


of specie payment at the beginning of
the year, the recommendation of the


Clearing House Committee sent to con


fer with Secretary Sherman, looking
to the practical notification of the


reconciliation legislation of the last
session, is very severely criticised. 1t
can only provoke retaliation On the


part of Congress: and ignores anything


the President might recommend or the
Secretary of the Treasury do, to ayeit
anticipated evils that they deem only
themselves competent to deal Nth.


1t is an assumption that few will quiet
ly acqiesce in. The large majority of
the voters of this country who were
behind members of Congress urging
them last winter to vote for the re
monetization of silver, will resent it as
another of the encroachments of
wealth concentrated in the hands of a
few men acting in corporate capacity
that have become altogether too fire.
quent. Public sentiment has been
running counter to corporations of all
descriptions for the past few years, as
the source of greatest danger to our
institutions and as Inherently antago
nistic to the real interests of labor and
that feeling can but receive decided
impetus from this movement of the
banks to make themselves superior to
Congress. 1t can but operate to check
the return of confidence which must
underiie any general business revival,
and return of prosperity AID it offers
precisely the pretext desired by Con-
gressional demagogues and the finan
cial experimenters to a resumption of
the financial tiDkering of the last two |
sessions, at the coming one Not a |
few go so far as to predict that it will
have the effect to revitalizs the rag
baby which has been counted dead |
since the elections of the 5th inst. On |
the whole it is regarded here as a
movement calculated to re act injur-
iously upon about all of our great in
terests, politically and otherwise. 1t is
hoped that the banks may be moved
by the storm already aroused, to relin |
quish all idea of !. conflict in which, if
provoked, they must ultimately go to !
the wall.


The valuable Senator of the Wabash
furnishes another indication of the
grade of his craftsmanship, by de
claration of his purpose to make that
outlaw of commerce-the Trade Dol
lara legal tender.


The full text of Lord Salisbury's
reply to Secretary Evarts' note, pro-
testing against the position virtually
taken by the British Foreign Office
that it is competent for a mob of New
foundlanders to pass upon and settle
international disputes, has been pnb-
lished. 1t must be regarded as very i
diplomatic inasmuch as it takes sever
al columns for the noble Lord to
express what the average educated
business man could express quite as
well, much more clearly, indeed, in
one fourth the space consumed As
Mr.. EVarts' note was regarded as
notification that the Halifax award |
would not be paid till England should |
have receded from the offensive posi-
ton to which Lord Salisbury commit
ted her, and as we have made arrange
ments to pay the award on or before
the day stipulated. it is presumed that
our Secretary OF State corstrues Sails
bury's reply as concession of the
point in dispute. But very few having
any business of their own to attend to
will undertake to wade through the
mass of verbiage and the labyrinths of
circumlocution of the letter, to get at
few points it contains. They will pre-
fer to take the Secretary's word for it,
hoping that his ingenuity can suggest
some way by which we may be partial
ly compensated for the payment of an
award that had no equitable founda
ton, but which we could hardly avoid
and retain our self-respect. However
the matter promises a tedious cores
pondence in order to harmonic the
wide divergence of views entertained
here and in England as to privileges
and imlnun;ties conferred by the
Washington Treaty.


Official communications only con-
firm the farcical character of the late
election in many portions of the South.
There has never been q greater bur-
lesque Oh free suffrage; and RepublI
cans everywhere will approve the fol-
lowing from the National Republiean
of this morning:


sit is sincerely to be hoped that the
arrests now being made in the South
OF murders, asssssins. and bulldozers
will be conducted as though these
criminals were despieable culprits.
instead of political martyrs. We do
not intend to advise by this the perse-
eution OF any one or the infiiction of
any indignity upon any one; but when
redhanded murderers are to be arrested
they should not be treated like heroes
and distinguished gentlemen, or dined
and wined, they have often been in
New Orleans, with the consent of the
officers in whose csutody they were.
In fact. such arrests have been here
tofore notable simply az an occasion
for lionizing this class of criminals, and
the officers who have made them have
gone about that duty as if it were an
unpleasant and irksome job. We
believe in tempering justice with mercy