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Show THE LATE ELECTION'S. How Republicanism Worked Us "Boom," Democratic Demoralization. The Presidential Candidates. A Dark Horse from New Jersey. CorreipoDdence Salt La.sk Hxrald.J Chicago, Nov. 10, 1S79. The results of the late poUtioal contests have been the topic of interest during tbe past week, though they have not been matterB of surprise to reflecting politiciana. Since tbe healing heal-ing of the breach in the republican ranka by the election of Zieh. Chandler Chand-ler to the senate, the withdrawal of Cbrietiancy, and the back down of Hayes from hia coneeivative attitude, stalwarlism again became Ue dominant domi-nant idea ot the party of the north, John Sherman, at ibis juncture, managed man-aged to attract attention to the theory of Bpecie resumption, being aided in ibis ordeal by the democrats and greeuback-ers, greeuback-ers, who insisted upon silver currency, cur-rency, and refused further to limit the volume of treasury money. The republican resumption act gave Sherman Sher-man a couple ol years to tlko( the glories of the future under resumption, resump-tion, which might practioally have been reached at the time the resumption resump-tion act was passed, had the same means been adupted of utilizing silver and maintaining greenbacka. Of course no one wants gold when sold can be had for th flsfeinu- the banks were precluded from drawing on Sherman'B gold Bup-ply Bup-ply by their knowledge that the secretary could control tbe situation situ-ation and make it hot for tbem should they attempt to carry out the threat of draining the treasury of its yellow coin. Sherman waa not dogmatic enough to refuse to utilize the silver and greenbacks lavishly poured into his coflers by his enemiea, and thus set in motion a personal "boom" of considerable magnitude, which is not yet exhausted, aud may continue to swell after tbe Graot furore Bhall have subsided. Our financial history furnishes no more ingeoioes incident illustrative of that happy faculty of partisanship, which mauages to turn a tide of public distrust and private misfortune into apparent confidence and proaperity, than Secretary Sherman's Sher-man's mantuvrea to make irresistible irresist-ible fate swell the br afxpji that were waiting bis Bhip towards the harbor of success. Some people may imagine that adverse crops in Europe and bountiful harvests in America have contributed to the national prosperity; John Sherman will appropriate appro-priate tbe honors just tbe eame. Had reverse circumstances prevailed John Sherman would have b?en politically poli-tically cursed instead of standing on the pinnacle of fame, with the succession to Hayes almost in bis grasp. The national bank men have made a good plum out of John Sherman, Sher-man, aud they are disposed to aid hia aspirations. For election purposes pur-poses there will be no loss of money next year in aid of the republican candidate. The idea is out that democratic success means interfer-ence interfer-ence with John Sherman's financial policy, which ia practically infialion of Ibe currency, and theoretically tha maintenance of thB national bank system, until such time as the greenbacks green-backs oan beaafely returned and the credit money of the country ia placed entirely in the control of the private bankers and speculators. This ia the great aeoret of the republican sue cesses of 1879, and these victories, remarkable as it may seem, have been Boatched from the hands of democratic legislators and maue ( available for republican campaigners. campaign-ers. Upon this basis of returning ; prosperity, the Z-ch. Chandler Btal-warta Btal-warta seized the opportunity to magnify mag-nify themselves and exploit their aeotional theories, making it appear that the election results were mainly attributable to the appearance of tbe southern brigadiers in congresa, and the democratic attempt to repeal aome radical legislation. There ia little doubt now that the extra Bession of cocgresB waa a blunder, perhaps only temporary in its consequences, and that the issue forced upon the president was premature in a partisan par-tisan point ol view. The democratic blunder consisted in an over confidence con-fidence in democratio strength in the north, and a misconception of the president s back bone, tie was noi expected to become bo thoroughly i italwart at such Bhort notice, and bis conversion, or rather concession to the extremesls, joined to John Sherman's Sher-man's alliance with the bankers and capitalists, consolidated northern opposition to the democracy. Added to these causes is anevher element ol democratic weakness. L)uite a number num-ber of leading democrats are in sympathy with the financial policy of John Sherman, and tbeae, with a considerable iollowing, are certain to oppose the democratic partv whenever when-ever its platform antagonizes their interests. Io Chicago a large number num-ber ol leading democrats either voted the republican ticket last week, or refrain from voting. Notably the men interested in national banking, io corporations and in many capitalistic capital-istic enterprises find their interests identified with the republican party. At the same time the democratic party is almost hopelessly divided in j its rank and file between contending factions and nationalities, aim ih uncertain members are io a condi-1 lion to avail themselves of the means lavishly expended to maiutain republican repub-lican supremacy. Throughout tbe entire north there is no patriotism or esprit du corps among the masses of the party, and few or no leaders in whom they place reliance. Handi-caped Handi-caped in tbis manner, with r vicious fight in progress in New York, there appears but little hope of rescuing the country from the clutches of the republican party in 1SS0. Tilden ia probably ofl the track; so is Iburman on the aame theory; the name of Hendricks fade to inspire enthusiasm outside of hia Hate, and Hancock and McClelUn are at beet only absurd possibilities. Bayard retains an odor of southern statesmanship that would arouse opposition to an uofortuoate extent, and there is no eastern democrat whose name I can recall, with the exception of SENATOR RANDOLPH, OT NEW JERSEY, whose position would rentier him highly available aa a preeHential ! candidate for next year. It might be said that (he election of a republican legislator io his state renders his nomination impiobable, but w Jersey ia a peculiar commonwealth, which, though dpmocratic in the main, is frequently influenced in her i elections by local consideration, 'i TuerB is no doubt lnat Sent.ir ,! Randolph could sw"?p hii ftate at I ! anytime be might appeal to tbe v;.ts jof'the people, his t-xecutire career ' i when envernor, asd his senatorial ro-Scord ro-Scord rendering b:m largely invntoer-.ali invntoer-.ali to the Basils ol bis political 1 1 opponents. Tnat Randolph oould carry his own itate, New York and Connc'.icut, there is little dirubt, and ke wju d stand as good a 'chance m the west as any eastern democrat. 1 Put this in ycur pipe, Messrs. Editors, land when Rindo.pu is nominated 'and elected president ol toe United 'States, yon can refer to tne Herald's .influence in starting the "boom." j We'll, it goad times have come, lei us all quit grumbling and go in to retrieve our fortunes. Let us top grumbling about the political situation and go to work in earnest. One apparent ap-parent evidence ol returning prosperity pros-perity is the iocreaee in orice of nearly every art ele of household consumption con-sumption some 15 or 20 per cent. Of course wages and salaries uave an advanciog tendency, but there are maoy brancnes ol business that have not felt the improvement im-provement necessary to Testers this increase of expenditure. Toere are more people employed now than for many past years, but there are rumors ol extensive demands and 'strikes for nigher wages tbat may rmen into important movemeuU in a few months. Toe remarkably active speculation prevalent does not indicate indi-cate a healthy condition of affairs, neither is our financial system re j garded as settled or safe by careful investigators The approaching session of congress may seriously disturb dis-turb the present order of things, aod between the efforts of the log-rolling politicians of the two parties to make political capital, John Sherman may find tbe grand fabric on which he bases his presidential aspirations tottering tot-tering over bis bead. Saould the winter develop unfavorable results, republicanism would throw itsell into the bands of Grant; otherwise Sherman Sher-man appears to bold a mortgage on tbe White House lor 1S30, unless the democrats can forestall him with Blaine as premier of the administration. administra-tion. . Chicago will "boom" Grant becomingly becom-ingly without respect to party lines, tbe enart being to outdo other cities in its ovation. It ia a curious commentary com-mentary on the dosing quarter of the nineteenth century when a man like Grant oan be lionized at home as tbe greatest embodiment of its civilization and progress. E. N. F. |