juttl THIi l'ltKHIDKNTIAI. O,UK8TI0N. VOIj. V1U, son, mill show lluloim, tho real center of the play, in u llnur, anil nobler aspect. Her linn control of passionate feelings, her stead fastness of purpose, is all tins more dourly shown by comparison with tho weak and contemptible Parollcs. THE PRESIDENTIAL QUESTION. Xor the llrst time in our country's his 'W lory, an ox-presidem lias made the tour of the world and his return lias been marked by a welcome tuai is almost anomalous, ll bears some resemblance to tho extravagant adulation which is showered upon occasional European monarohs by a people who have been taught from infancy to reverence tho verv name of royalty. It is questionable whether the gaudy ovation that lias mark, cd Grant's progress from San Francisco to Chicago, would also have marked a similar journey through the country in 1377. Gen. Grant on his retirement from the presidency in that year, became, by the act, a private citizen; and, as one, he took no more lofty a step in circumnavigating the world than many other wealthy Amer ican citizens have done. The govern incuts which he visited felt bound, through teal 01 assumed friendship to ward the United States, to accord to Gen. Grant a courteous welcome, and one that beiltted their customary mode of re ooiving eminent persons. The exproi dent had just vacated the Highest ollicc in tho gill of our nation, and as a milita. ry loader, his record has been brilliant; but ho was a private citizen nevertheless, and his late greeting scums almost a ro iloction of the loyal attentions which he has received. Hut there is another aspect of the cuso, and one which lends it additional inter est. During the second term of Grant's administration, much was said about his boing put forward as a candidate for tho succeeding term. The project met with much disfavor and came to naught. Of late, the scheme has been revived, and is apparently meeting Willi more acceptance. Washington set a precedent to all fu ture presidential candidates by declining a third nomination; and if ho had declin ed a second, the example might have been still better. Nearly every president has as pired to a reelection. If his policy has been no more than fairly "endorsed," and es pcclally if his party is still in the asccu dency, his chances aro yet good. Caucus wire pulling can secure his renomina. lion, and campaign lying and the free use of the party lash can do the rest, lint these campaign measures will scarcely avail in tho case of Mr. Hayes. His poll, cy caused immediate disailectiou in the ranks of his party, which, iigain,has been brought to the verge of defeat. His rouominalioii is therefore doubtful, and with perveisity, the name of Grant has been brought forward. His journey has been so construed as to give his name new prestige, and the disaffection toward Hayes lends his name some strength, Grunt may have the ambition to aspire to a third term, and his foreign tour may have been undertaken in view ol enhan cing his chances lor another candidacy; but the Sphynx-liko reticence of Grant is alone a sullleiont reason for witli-hohl-ing our distrust until tho next few months will solve the problem. Grant's third candidacy would imply two tilings; that lie possesses a very prominent Illness for the. po&ilioii.or that no one in the ltopubli can ranks can bo found who can ado quatoly fill that position. Tho former is not obvious and the latter is a sad coin mont on the ability of tho republican statesmen. Grant s a good general but not a statesman of high rank. lie has but little special Illness for tho position except that which lies in the fact of his previous incumbency, and this pica for his rcnominatiou is contrary to tho genius of our institutions. If Grant is again nominated, ho will very likely bo elected; but to say nothing of the liability of