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Show THE NEXT PRESIDENTIAL ELECTION. Trip probabilities now favor the election of a democratic president in 1S7G. If tho democrats can frame a financial platform satisfactory to the western and southern majorities, and nominate a man who will stand squarely upon it, success is evidently within their grasp, whoever may be the republican candidate. The problem prob-lem will be to bring together upon the currency question New York, Ohio and Pennsylvania, though if the two latter can bo carried in on alliance alli-ance with the central and southern states, it will not matter how New York and the Atlantic states go. The next presidential election is to bo settled by the Mississippi valley states; cud if Pennsylvania can break the national bank line, there is no telling but that nearly tho entire country' may be swept into the ranks of the new democracy, for almost every vestige and landmark of the old ante bellum party have been obliterated. ob-literated. There iB no Btatea rights' theory now at issue; the tariff question has becomo one of the merest details, on which few politicians longer disagree; disa-gree; further efforts at the political reconstruction of the north are not likely to bo attempted, President Grant having decidedly given up this policy iu his late action upon the application of Govornor Ames, ot Mississippi, for military aid iu tho pending election. There is a party, confined principally to New York city, which favors making & democratic demo-cratic issue on the immediate resumption re-sumption of specie payments, by withdrawing the legal tender notes from circulation, and they c.tll this a return to an ancient principle of democracy. However this may be, there is a very prevalent belief among the industrial classes, that specie resumption is impossible in tho present pres-ent condition of the country, and if it were not impossible, that it would be impracticable with our present email supply of Bpecie and large amount ol gold interest to pay. But wo do not apprehend that tho financial diflcr-ences diflcr-ences of the democratic party will constitute an insurmountable obdtiieJe to an harmonious result. Tho inflation end repudiation cries are the puttt buncombe. There is no existing sentiment in favor of repudiation, re-pudiation, and few intelligent persons per-sons of any party expect or wish to sco an inflation of tho currency that 1 weaken its value as a purchas I ng medium. The financial fijiht is eully directed against the monopoly j f tiie national banking system, and n favor of the management of the :urrency by tho government in the n teres ta of the whole people. There jj also a growing idea that an attempt at-tempt to return to specie payments would further disarrange all commer-;iiil commer-;iiil business, and bankrupt a great proportion of tho debtor class, and ilso that the government should not continue to discriminate against its Dwn money. After the result of the pending Ohio and Pennsylvania elections shall bo ascertained, the probabilities ol the presidential contest can be discussed dis-cussed more intelligently than now; but whatover their verdict may be, it will have an important eflect upon the great campaign of 1876. If Allen Al-len shall succeed in Ohio by a- good round majority, we may look upon the democratic platform as settled, with tho best Drosnocts for tho elec tion of a democratic president. II Allen is defeated the New York gold policy wins, and there will be an independent in-dependent greenback candidate, unless un-less thore should bo a compromise, which might convey Grant again into in-to tho Wbitd House, to be followed, it may be before 1870, by a formida-I formida-I bio financial revolution, and perhaps a real repudiation campaign. |