The American Republicans are battling fiercely to prevent the repeal
of the Resumption Act, which directs resumption from let January, 1879, using all the forms of the House for the pur- pose ; and Mr. Hayes will, it is understood, veto any new Bill. 'The greatest difficulty in his way is the reluctance of some Western Republicans to allow gold or convertible paper to be snade the sole legal tender, and the consequent strength of the party which, while it is opposed to inconvertible paper, wishes to snake both gold and silver legal currency. It is the custom in England to represent this proposal as a mere job of the silver- 'mine owners, but it seems clear that the body of the 'people do not see why the " dollar of our forefathers," as 'it is absurdly described, should not be currency. Under these 'circumstances, a compromise is suggested which may be accepted, namely, the legalisation of silver as currency up to fifty dollars. This would, it is said, restore silver to its value in the market, without imperilling the national faith. It is doubtful whether this 'change, considering how heavily silver is weighted by its com- parative want of portability, would produce any inconvenience at all,while it would restore the metal to its normal relation to gold.
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