Chicago Daily Tribune Newspaper, October 21, 1872, Page 4

UHE CHICAGO DAILY TRIBUNE: MONDAY, ot OBKR 2i , 1872 TERMS OF THE TRIBUNE. Du’fflx:[! o&msmg’nas (PAYADLE IN ADVANCE). . by mail.....812.00 | Suaday.. .5 Tri-WWee g iy Weokly %3:80 Parts of 2 year at the samo rate. To provent delay and mistakes, be sure and givo Post Difico address {n full, including State and County. Remiitances may be made either by draft, cxpress, Post Dice order, or in registered lottcrs, at our risk. TERMS TO CITY SUBSCRIDERS. Dally, delirered, Saunday excepted, 25 cents per week. Dally, delisered, Sunday included, 30 conts per weok. Address .THE TRIBUNE CONPANY, No. 15 South Canal-st., Chicago, Tl TRIBURE Branch Offico, No. 46 Wabash-av., in tho Bookstore of Mesers. Cobb, Andrews & Co., whera advertisoments and subscriptions will bo rocolved, and will réceive the sume attention as if Joft at tho Main Offce. THE TRIBUSE counting-room and business dopartment will remaia, for tho prosent, at No. 15 Canslstroot, Ad- vertisements should be handed in at that place. Sse———— CONTENTS OF TO-DAY'S TRIBUNE. FIRST PAGE—Political News by Telegraph: Senstor Trambull's Speech at Cairo in Reply to Speakor Blaine; Liberal Rally at Dobuque—Washington, New York, and Forcign Nows—Religious Gather ings at Jacksonville — Miscellaneous Telegraphio News. . SECOND PAGE—Saturday Night's Telegraphic Nows—A Model Mississippi Gambler— Miscellaneous Ne: Items. THIRD PAGE—The Yron Horso: What the Locomotive ‘Has Accomplished for Civilization and Chicago—Tha ZLaw Courts—General News Items—Railrozd Timo Table—Business Directory—Advertiscments. TFOURTH PAGE-Editorials; More Greonbacks; Mr. Sumner in Paris; Senator Morton's Late Speech in this city;'EdRtorial Comments on Carront News— Political. ¥ FIFTH PAGE—Local: Sermons of Yesterday; Dedica- tion at Highland Park—The Farm and Gardea—Lib- eral Appointments—Adrertisements. SIXTH PAGE - Monetary and Commercial — Marino News. : SEVENTH PAGE-The Local Campaign—Hyde Park Matters—Personal Itoms—Statistics of the Ameri- can Board of Torelgn Missions—Small Advertise- ments: Real Estate, To Rent, For Sale, Boarding e acd Lodging, Wanted, etc. EIGHTH PAGE: Local; A DryDayin Chicago; How the Liguor Prohibition Law Works; A Melancholy Time for tho*‘ Habitusl” and*‘Confirmed ;" Thirsty Mortals Hunting in Squads; Marked Docreaso in the Number of Arrests. AMUSEMENTS TO-DAY. HOOLEY’S OPERA HOUSE—Randolph strect, be- twcen Clark and LaSalle. Inaugural night. Abbott- Eiralfy troupe. *‘Three Hunchbacks.” AM'VICKER'S THEATRE-Madison streot, botween State and Dearborn. Revival of B. G. Howard's comedy ** Saratoga.” ACADEMY OF MUSIC—Halsted street, near Madi- zoa. Mrs. F. S. Chanfrau. The French version of “‘Esst Lynne.” ATEEN'S THEATRE—Wabash avenue and Congress street. Mrs. Oates’ Burlesque Troupe, ** Prima Donna of & Night.” MYERS' OPERA HOUSE-Monroo streel, between State and Dearborn. Arlington, Cotton & Kemble's Minstre} and Barlesque Company. STAR LECTURE COURSE—Michigan Avenae Bap- tist Churchs. James T. Field, of Boston. **Mastersof the Situation.” GLOBETHEATRE~-Desplaines, between Madison and Washington streets, Varlety Entertainment; burlesque, ‘ballet, minstrelsy. NIXON'S—Clinton street, between Washington and Randolph. Maffitt and Bartholomexw Pantomime Troupe. HALSTED STREET OPERA HOUSE-—Corner of Harrison street. McEvoy's Hibernicon, and Irish Come- dy Company. The Chivags Tribune. Monday Morning, October 21, 1872. With & prudent foresight of the possible vicie- situdes of Spanish politics, the Cortes has voted jn tavor ‘of sbolishing capital punichment for political offences, Dane County, Wisconsin, has been deeply sagitated by two ceses of abduction, of which a ~very prepossessing maiden and a married woman were the victims. Neither has yet been heard from. A petition, signed by some of the largest bus- iness houses of Pittsburgh, will be presented in a few days to Secretary Boutwell, asking him to yeissue the forty-four millions of greenbacks withdrawn from circulation by Secretary McCunl- loch. The Chicago Times seems to have inferred, from an editorial paragraph which we published 2 few days sinee, that we were urging the farm- ers of Towa to raise corn for fuel. We assure the Times that it has entirely misconceived the scope and intent .of our remarks. Mr. Havemeyer has been nominated by the Republicans for Meyor of New York. The other candidates are O'Brien and Abram B. Lawrence. How much rezl strength O’Brien msy have, it is hard to tell at this didtance. The scattered forces of the Ring are re-forming about him, 2nd he has always hada large following in the worst and largest wards of the city, and there is some danger that he may succeed through the partition of the vote of the real reformers be- tween Mr. Havemeyer and Mr. Lawrence. Our advices from various parts of the State concur in ehowing that the Liberals of Illinois ‘bave mainly recovered from the damaging effects of the Pennsylvania election, and are now af work with renewed vigor,and determination. This is trne not only of the Liberal Republi- cans, but of the Democrats as well. Governor Hendricks, of Indians, and Mr. Pendleton, of Obio, will hold a series of public meetings in this State, commencing in this city on Tuesday evening. b The Great Eastern, whose builders did better work than they kne, will soon cross the ocean & fourth time, to add another o the three sub- marine cables which now connect America and Englsnd. Telegraphic communication between these two conntries is in the hands of & monop- oly, and-a profitable monopoly, as is shown by their profits, Iest year, of over half a million dol- lars. Thereduction in the rates, which has been £0 long demanded by the business interests of both countries, is slowly being gained through the adoption of better and cheaper methods, but wonld be much more rapid if competition were allowed. A correspondent of the New York Sun has becn interviewing Judge Black, the connsel of Col- onel H. 8.3 'Combin the Credit Lobilier case, ‘He asked Judge Black whether Colonel M'Comb had prepared s statement for publication in re- ply td Oakes Ames® address to his constituents. Hr. Black replied that M’Comb had prepared a statement and submitted it to him (Black) for tis ddvice, and that headvised him not to pub- lish it, because Ames’ statement was not worth geplying to. As to the bribery charges against members of Congress, he said: * Colonel . Af'Comb has not asserted—I do not assert—that _Ames told the truth about the members of Con- grese whom Le named upon his list. If they aresggrieved Ry Ames’ statements, let them look 0 him for gatisfaction.” re— “The liguor sslgons, with a few exceptions, arere closed yesterday, and the leger-beer saloons stores did a heevy business in whiskey and bran- dy prescriptions, and there was a remarkable exodus of thirsty souls from the precinets of the city to the saloons beyond the municipal limits. Thero was 8 grim feeling among the Germans, who naturally look upon the movement, so far as themselves are concerned, as an attempt to enforce Sunday obgervance, and not as a ‘means of preventing intoxication and crime. The Slaats Zeitung cndeavors to throw the odium of the business on the supporters of-Greeley, al- leging that Mr. Tuley and Mr. Stiles, two law officers of the city, are chiefly responsible for the grievance, and that they are both Greeley men. The Zeitung, in conclusion, urges the Po- lice Captains and patrolmen to disobey Superin- tendent Washburn's orde: e Goneral Ryan, of Caban fame, who does not seem o feel at all the pressure of his bonds to Leep thepeace, amounting to over a quarter ofa million of dollars, has been busy latelyin getting up another filibustering expedition, and has been soliciting subscriptions for that purpose, claiming that he was authorized to do so by the Cubzn represontatives in New York. One of these gentlemen, Senor Jose Mayorgs, nos pro- nounces this ststement false. The danger that there might be another Hou- ard case rcsulting from the arbitrary arrest of a MMr. Henderson, an American citizen, in Havana, is obviated by Lis prompt release by order of ihe Captain-General. President Thier's action in ejecting Prince Nepoleon from France is to be mede the subject of legal proceedings. The Prince who oceparted ‘under protest, and in deference to the superior forca of the Government, intends, it is an- nounced, to prosecute all the officials who were concerned in the outrage, and to obtain the sup- port of the Courts in his determination to recover his rights as a French citizen. An attempt will be made during the next session of the Assem- bly to procure the impeachment of the i terial officers who shared with Napoleon the re- sponsibility for the Prussian war. This may be & serious busiress for Ollivier and his associates; for the French Legislature is not confined, as is ours, in cases of impeachment, to a politicaj jurisdiction, but has power over the lives and property of those impeached. For several years past, it has been the fashion of Boston to be very thankful that she was not 23 other cities are, and to plume herself upon the virtue and good order which reigned within her limits. Lately, however, her criminal record is assuming portentious dimensions, and bids fair soon to exceed that of any other city in the country. A few days since, a clerk was knocked down and robbed of $38,000, in s crowded rail- road depot, in broad daylight. The horrible murders in Bussy’s Woods, the recént assas- sination of Mr. Lane, the numerous Post Office and bank robberies, forgeries, thefts, and defalcations of every description, show that Boston is rapidly getting ahead of other cities in these particulars. The fact that crime incresses so rapidly ina city which enjoys & greater educational and religious and temperance facilities than any other in the coun- 1r¥, is & hard nut to crack. The Convention of the Brotherhood of Loco- motive Engineers, which was in session at St. Louis last week, passed two resolutions of con- siderable importance. The first provides for the sbolition of railroad traffic and travel on Sundays, and s Committee was appointed to confer with the railroad officials throughont the country and obtain the desired result. The question is one which has two sides to it, and admits of free and open discussion. Itis very questionable whether the advantages which may accrue to the engineers will not be more. than offset by the’ disadvantages which must inevitsbly happento travellers, and the mail service. With regard to the second resolution, however, which provides that any engineer, addicted to the use of intoxicating liquors ehall be expelled from the Brotherhood, there can be no question as to its excellence and its necessity, and it is peculiarly gratifying that the proposition has originated with the engi- neers themselves. They are deserving of special commendation for having voluntarily taken such an excellent stand, and in view of this fact the railroad companies should give to the Brother- hood their cordial sympathy and suprort. The Chicago produce markets were generally dull and wesk on Saturday. Mess pork was quiet and gteady at $14 25@14.50 cash, and 812.50@ 12.62}¢ seller December or seller January. Lard +was dnll and easior at 734c for cash or geller Jan- uary. Meats were quiot and steady ot 6@634c for shoulders, and 10@10}¢ for short ribs. Highi- wines were queit and firm at 88c per gallon. Lake freights were quiet at about the same rates 8s on Friday, at 17c for corn, and 181@183{c for wheat, by sail to Baffalo, but closed 1clower. Flour was dull. Wheat was dull and 13{c low- er, closing firmer at $1.0934 seller the month, end $1.09% eeller November. Corn was dull and *}4@3{c lower, closing firmer at 303c seller the month, and 813c sel- ler November. Oats were dull and {clower, closing at 21c cash, and 22}¢c seller November. Rye was quiet, and 4o lower, at 50%4c. Barley was lessactive, and declined 2@ 8c per bu, closing weak at 60@60%¢¢ for No. 2, and 45@46c for No. 3. The hog market was dull at Fridny's prices. The scarcity of cara checked trading, and the market closed heavy with many unsold. Cattle met with only a limited inquiry, and former rates were barely sustained. Sheep were inactive. On Monday there will be & gen- eral advanco in Eastern live stock freights. . At the closing session of the National Board of Trade, Saturday, Chicago was chosenasa permanent place for the meetings of the Board. All the remaining deliberations related to rec- ommendstions for Congressional action, with the single exception of the resolution, which was passed, asking States which msintain usury laws to agree upon a standard rate of interest. The propositions urging the National adoption of the Hare system of voting, the refunding of the cotton tax, the repeal of the duty on railroed jrom, and the improvement of the islegraph servige were either postponed or tsbled. A further' reduc- tion of the duties on imports was asked. An animated debate arose upon the rgsolution that the Government ;shounld edopt 2 policy of con- tracting the currency, with 2 view to the resump- tion of specie psyments. The resolution ywas finally passed, in an amended form, requesting Congress to revise the National Bank system, g0 that specie payments might be resumed through that channel. Resolutions were pdopted asking Congress to construct & free ship-canal connecting the Missicsippi snd the Galf of Mexico, and o order & eurvey for asghip-canal that the weight of a silver dollar be fixod et 839 8-10 graius, England will spend, this year, for food, one hundred millions of dollars (gold value) more than nenal. She has been depondent for nearly two centuries upon foreign nations for a large proportion of her supplics. Wars and .block- ades have boen powerless to azrest the flow of thié mighty stresm. Even the gigantic attempt of Napoleon, with the compulsory 2id of nearly every other Europeen nation, to crush out all intercourse with Great Britain, reduced ber im- ports only a few per cent, and, during those pro- longed hostilities, English hunger was appossed by com from the fields of deadlicst foo. In good harvest years, foreign nmations supply England with one-fifth of the breadstuffs she consumes. This year sho will purchase abroad two-fifthe—double the ordinary importations. In tho whest crop, there is & deficiency of at least one-quarter in quantity, and one-cighth in quality. From thirty to cighty por cent of the potato yield is unfit for human food, and fears of the rinder- pest have compelled the Government to restrict ihe importation of cattle. To some extent these misfortunes of England will be our gain. 3fore of our surplus food will be exported to that country than usual. But, as wo must compete in the markets of Liverpool with the farm products of Russie, France, Spain, and Ttaly, in all of which countries there have been abundant harvests, onr farmers cannot ex- pect 80 great a measure of relief as eome have anticipated. France, her MORE GREENBACES, A meeting is to be held, to-dsy, atthe rooms of the Board of Trade, to consider the expedi- ency of petitioning the Secretary of the Tress- ury to reissue $44,000,000 of grecnbacks retired by Secretary McCulloch in pursuance of a law in force during his term of office. The legal ob- stacles to this proceeding do not seepn'to have occmrred to any of the parties so anxious to have the 44,000,000 put afloat again, for they seem to believe, with Secretary Boutwell, that where there is a will there is a way, and that, if the law is op- posed to a particular desired course of action, it is only necessary to construe it out of the way and leave the Supreme Court: to put things torights about four yoars afterward. These greenbacks were taken in, cancelled, and publicly burned by authority of law. The Su- preme Court held unanimously, in the legal ten- der cages, that the power to issue such notes, if it existed at all, was & war power, and could only be exercised under circumstances of such dire peril a5 would justify the Government in making a forced loan. And even hereit could only be exercised by Congress. Nobody ever dreamed the Secretary of the Treasury could exercise such a power, aided only by a few irresponsible advisers from Wall street. The $44,000,000 of greenbacks, having been original- lyissued by authority of law in the exercise of the war powers of Congress, have since been retired and extinguished by suthority of law. How are they to be gotten out.again? The Supreme Court has held that not even Congress can issue such notes and make themlegal tender in time of peaco. Hor, then, isthe Secretary of the Treasury to doit—Congress not being inses- sion ? 7 This-is not the only legal dificulty. The method of getting these greenbacks into busi- ness circles after they are printed is not yet ex- plained, The Secretiry of the Treasury cannot buy $44,000,000 nor even £4,000,000 of bonds without sending the price above par in gold, and heis forbidden to purchase bonds sbove par. He cannot discount commercial paper with his $44,000,000. What thencanhodo? In answer to this all-important question, one of the most sagacious of our city bankers suggests that he might hire Professor Wise’s balloon and sail over the country for the next two weeks dropping the greenbacks impartially on the hesds of the people, at the end of which time we would have just about one dollar per head more than wo have now—one dollar in paper, but not one cent ‘more of losnable capital. Our sympathies are, of course, moved for those who are aiding and abetting this move- ‘ment from a mistaken notion ‘that an issue of more irredeemable paper, (if it could somehow be done), would relieve the pressure in the loan market. Wehave taken some pains to learn the views of the leading bankers of this city as to whether such an issug would really relieve the prescnt stringency in commer- cial circles, and we find that, with very fow ex- ceptions, they are of the contrary opinion j or at least, think that the relief would be only mo- mentary, and that, very soon the evils wonld be aggravated and intonsified by the new issue of & circulating medium whichis not redecmable in anything, which adds nothing to the capital of the country, and whose inevitablo effect must be to inflate prices and promota speculation. It is generally conceded that the effect of Mr. Bout- well's recent experiment of selling §5,000,000 gold and purchasing £5,000,000 bonds, was al- most wholly absorbed by the stock mar- ket, ond gave mcarcely any relief to legitimate trade. Yet, in this case, there was an absolute liberation of £5,000,~ 000 of capital (not moonshine merely) from the dark closet of the Treasury, and ita effect is the same as thongh John Smith should pay a corre- sponding amount of his debts with & gold hoard that had been kept for a long time idle and usec- lcss in his cellar. It is obvious that the amonnt of relief afforded o tho commercial community of {he country by this disbursement of idle capital would be very faint and almost impercep- tible. Siill it would be something, because the article disbursed has an intrinsic value. The present difficulty in the money market arisos not from a doficiency of cwrrency, but from adecrease of deposits. This is a fact which even bankers do not generally understand, al- though they watch with an eagle eye every vari- ation of thoir deposits and make them the basis of oll their loans end discounts. There is the seme amount of currency in the country that there was six months ago, yet there is not the same amount of deposits, ond that is the reason why money is tight. Deposits consist mainly of checlks, drafts and bills of exchange, represent- ing property in transifu, Watch the “line of depositors at any bank counter and you will see that four-fifths of the things passed into the receiving teller’s hands are checks, drefts and bills of exchange, representing property alreedy oold, or to be sold. Not more than one-fifth consists of either greenbacks or bank notes. The daily balance of deposits—the average ex- cess which the bauk holds of these checks, drafts, and bills of exchengo over and above the checks drawn upon itself—is the ‘measure of its ability to lend money. And what 18 true of one bank is trueofall. An pddition of generally; thongh there ware more of thelatter doing business then of the forwmer. The drog- thyough Florids, Finally, it wao regommonded | $44.000.000 to the cwrrenoy canpot permanently sdd adime to the ability of the banks to lend money, for whatever increase of deposits may be cansed by it will speedily bo saswered by an in- creasein the prices of everything which the depos- its represent. To add 10 per cent to the carrency and 10 par cent to prices can bring no relief to the community,although it will give to specula~ torsand to the immediate holders of the neces- ‘saries of life n temporary advantage over pur- chasers atd consumers. It is seid that this will raise the prices of grain, and give tho farmers an advantage. So it would, if tlie farmers wore eellers meraly, and not bugers as well. But, sinco commodities are exchanged for each other, and money is used only to settle the trivial balances between East ‘and West, it follows that the incresse of prices will take plece at both ends of the line ot the seme time, and the outcome will be the same as though “there had been no increase. If deposits are less now than they twere six months ago, it signifies that trade is less active. Thero is less property in circulation, and, there- fore, fewer checks, drafts, etc., representing it, to swell the loanable funds of the banks. There isresson to believe that the bottom has been touched, for the deposits at the banks, botl hore and in New York, are no longer running down—on. the contrary, are increasing some- what. Is . it . not better to leave trade to adjust itsolf than to pour upon the country & new flood of irredeem- eble paper, which must necessarily postpone our return to a sound currency, and thereby injure our credit abroad to an incalculable extent? European capitalists understand what is meant Dy moro greenbacks. Once let them see that we have started on & fresh era of irredeemable cur- rency, end they will immediately shut their purses against us; and in the end we shall find that we have cat off a ource of real money in order to fill our bellios with a false one. OUR CANDIDATES FOR CONGRESS. The friends of Reform in Cook, Lake, and DuPage Counties can cast no votes in this cam- puign which will tell more directly or power- fully in favor of their principles than those which they will cast for L. B. O, J. V. Le MoxNE, and CanteR H. Hammisox, for Con- gress. Neither of these candidates will go to Congress to represent the interests of a cliqne of dead-beat officeholders and ward bummers. Neither of them will go there to maintain a system of tariff taxation which is alike unfavor- able to development of Western industry and to the prosperity of Western labor. All of them, on'the most important question which will come before Congress, that of reducing tsxes, are Revenue Reformers, which their competitors are not. All the reductions of taxes which have ‘been heretofore accomplished have been effected in the teeth of the opposition of the present Ad- ‘ministration, Secretary Boutwell invariably ap- pearing befors the Committecs of Ways and Means and of Appropriations, and arguing for the high scale of appropristions domanded, and against any repeal of laws that might produce revenue. He distinguished himself as the op- ponent of the repeal of the income taz. Itis ‘all important, therefors, in sclecting Members of Congress, to vote for men whose views are in harmony with the intereats of the people.of our section, leaving the interests of the people of other sections to be properly repre- sented by the omenm whom they may select. Should the country suffer the mis- fortune of Grant's re-election, it is all the more important that Congress should g0 diminish the taxes as to compel economy. Again, the prosperity of Chicago is intimately bound up in the genernl prosperity of our lake commerce, as well with Canada as with our own ports, and which imperatively needs that the St. Lawrence and Welland Canals should be opened to vessels and steamers of one thousand tons burthen. This will make Chicago an Ocean port, 28 available as San Francisco, New Orlesns, or New York, both for inward bound and outward-bound freights. To secure these results, Chicago needs three able, honest, sccomplished, and persistent members in Con- gress, who are good lawyers, thorough gentle- men, impreesive and effective speakers, and ca- pable of handling & vexed question like that of Canadian reciprocity, on the floor and in com- mittee, in & manner thet will meet and crush the objections of its opponents. To labor 6f- foctivoly in Congr ees for the interests of Chica~ go requires good debaters, which neither of the Grant candidates are, and, also, men whose bueiness habits snd knowledge of commercial subjects and parliamentary law will coable them to press the interests of our section without inciting the united bostility of all the other sections. The subject involves in- cidentally the delicate questions of assumed rivalry between Canadian and New York canals, between foreign 2nd domestic trade, andbotween ‘manufacturing and agricultural interests. Mr. Farwell's qualifications have not fitted | him to contend in discussion ot complicated questions with shrewder Eastern mombers like Hooper and Dawes, of Moseachusetts, and Kel- ley, of Pennsylvania. Mr. Rice might play Polonius better than any other Congressman, and could preside at dinner better than most of them. But he could tell Congress no ‘moro about the reciprocity question, or our navi- getion interests, than the venerable uncle of the the Lady of Lyons. J. D. Ward has been in the State Legislature, where hegenerally formed o party of two (the other one being in the lobby). Peorhaps the chief objection. to these three men, however, is their obligation to sustain the future demands of Grant- ism. If the Grant benkers, led by Henry Clews & Co., come before Congress to get that ‘body to assume payment of the carpet-bag bonds now held by them against the negro govérn~ ments of the cotton States, or if Grant renews his movement to buy San Domingo, or Cres- well to pay the Chorpenning claim, or if any other job or plundering scheme comes up whereby Grant financiers are fo make their “ cont per cent,” the votes of Farwell, Rice and ‘Ward may elways be countcd on to sustain Grant." . Mesers. Le Moyme, Otis and Harrison are well known to nearly all the voters of their dis- tricts. Tlhoy areall able and well qualified, by their habits of research, their economical opin- ions and personal integrity, to work in Congress for the material interests of Chicago, and, on be- half of the tax-payers of the Northwest, sgainst all opponents of our interests. Mr. Harrison is one of the ablest membera of our Board of County Commissioners, and as such has bocome well yersed in the local finznces’ of our city and county. Judge Otis has large interests 28 8 capitalist, and he csme to Chicsgo sixteen years 8go with a high roputation asa Judge in the Courts of Ohio. Mr. Le Moyne is & Iawyer “of ability, experionce, and dignity, an sccom- plished patron of the aris, & gentlemen gad s soholar, Hod those thrao Tea beon yoted won. beforo the recent triumphs of fraud in Pennsyl- vanis, they would have been clected by handsome majorities. The grounds for their election now are stronger than ever bofore. - Will the intelli- gent and tax-paying peopls of Chicago weigh well the issnes involved between these two Con- gressipnel tickets, and voto simply according to their intorests. If they will, Reformwill gain three Congressmen. SENATOR MORTON'S SPEECH. 2 Senator Morion's speech at Central Hall, on Thursday evening,was in his best mood, and ox- Dibited fairly his order of mind, which is vigor- ous and cunning, but withont those moral quali- ties which excite respect. - He has & certain forte in scaring an audience by & cunning ap- peal to their selfish interests, or What he may induce them to imagine such, thongh in allow- ing themselves to be frightened they may feel inno way impressed with confidenco in either his integrity or his judgment: His chiof aim in his recent speech was to alarm his hearers into the notion that reconciliation with our Iately rebel population would produce, in- stead of averting, another war, that we must | have security for person and property até the South before we can have reconciliation— whereas most peoplo would supposa that recon~ ciliation must come before person and property can be secure—and that a continued suspension of epecie payments is ensential to our busingss prosperity, although, as his audience froelv re- minded him, his own plaiform promises that specie payments shall nevertheless be resumed.” His chef d@auvre of political cunning, excelled by nothing else in his speech, was the masterly dexterity with which he stabbed the reputation of General Tom Browns, the Re- publican candidete for Governor, who bas just been defeated in Indiana. Morton’s in- tense fear of all rising Republicans in Indiana who may come into rivalry with himself is equally amusing to the Indiana Liberals and exasperating to his own political associates. As there is & Ropublican majority of only 14 votes | on joint ballot in the Indiana Legielature, Mor-, ton's re-election depends on the absence of all rivalry. And so Morton spears Browne, by which gives way ogain to & gradbal return of the .old evil. 1f no reform -at all were hod, the ‘social system would go to pleces; 1 mankind were better than ia tho reality, the reform might stay ; but as things are, theso temporary return- ings of honestyand sbility in public affairs are the best of which there is a reasonable hope. The defeat of @rant moy not bring such a return; his re-clection is quite aslikely to precipitate it, but itis certainly timo for a cleansing to come. Old-fashioned honesty, abil- 1ty, and justice—a trio of blessings too short snd for between—aro sorely neoded at present, and they never Dad moro work Before them than now. To faca facts squarely, in 8 clear light, and fo realizo what is the n2ed of zeform, is the firat step towards getting it, let disinterested politicians protest as they may. ME.SUMNER IN PARIS, 3 The neglect of Mr. Washburue, the American Minister at Paris, to present Mr. Sumner to M. Thiers, has occasioned o great deal of surprise there, among people of distinction, political aswell as literary and scientific, and will excite equal su.prise in this country. The question will be askéd very generally, .if }r. Washburne could find timeto present Commodoro Alden, Mr. Borie, Miss Nelly Grant, and Mr. Fred Grant, who in'comparigon with Mr, Sumner, are mere nobodies, whom no one in Europe ever heard of until they arrived there, why he conld not find time to present s man like AMr. Sumner, whose reputstion as astatesman and diplomatist is world-wide, and who for years hes held the' ‘highest positions in . our national councils, and in ~ Europesn public “oplnion. Mr. Washburne's friends allege, 25 an excuse, that he _is on the eve of departure for ‘Washington, and that his attention has been so absorbed with farewell banquets and convivial ‘loave-takings, that he has found no time to ob- servo that etiquette which it is expocted an . American Minister will exercise towards his countrymen, although he had no difficulty in finding time to atttnd a banquet, which was giv- en to Mr. Sumner's honor, of M. Beligmann, the _The French, however, are proverbially polite, and have more than made smends for Mr. Wash- burne’s disconrteous slight. M. Remusat, the Minister of Foreign Affairs, on the lst inst., in- trodnced Mr. Sumner to M. Thiers. Txze first nieeting was public, and this was followed by a subsequent # private talk” on the working of charging that he ran behind his ticket, be: cause the Temperance voters were satisfied that Browne wass drunkard. His own denial that Browne is intemperate is the mere feather that conceals the barb, for, of course, every éne who henrd, or reads, his charge will know that no “calumnies " could deceive the Temperance voters of Indians into believing that Browme was & drunkard if he was not. Mr, Morton's charge that the Liberals stand opposed to the National Banks is & sheer false- hood, intended to scare the banks and bankers thomselves into contributing their money and votes to re-elect Grant. Chief Justice Chase, tho suthor and finisher of the National Banking system, as well as the greenback currency, i8 & Liberal, 8o that tho country is indebted to men of the Liberal party for the system and our eristing uniform currency. Mr. Greeley, the New York Tribune, Tae Curcaco TRIBUNE, the Cincinnati Commer- cial, and most of the other organs of Libera] opinion, have always advocated the present Na- tional Banking system, and still as earnestly up~ hold it, while the most active and irreconcilable aseailant of tho National Banks has been Secre- tary Boatwell. ¥ RMr. Morton tried to be funny, at the expense of Mr. Greeley, by alleging that ho hod recom- mended irrigation to the farmers in the Wabash Valley, which he probably never did. Atall events, Mr. Greeley might retort with a grim smile at the exquisite statistical force of the fol~ lowing sentence from Governor Morton: There havo been fewer failures in the lust thres yeirs inthis country, than Inany six years before in its whole history. : “Are we to understand that, as a rule, more feilures might be expected to occur in three yeara than in six? K Senator Morton, after declaring that the Liberals had no financial policy to offer, assrt- od that resumption of specie payments was one of their policies and the ssle of the gold reserve another. Resumption, he declared, in one breath, could not be accomplished *without bankrupting the country, end that any person who doubted this® had not the braing of an " oyster; but, when informed by his andience that resnmption wa3 demanded by his own platform, ho added that Grant would resume without hurting snybody. Are we to infer that on this question Morton msy justly lay claim to the brains of an oyeter? The assertion that our financial welfare is in any way dependent on Grant is disproved by the present condition of trade and industry. Mr. Morton assumes, however, that there will be a largo proportion of foolsin his sudience who will swallow anything that is. told them with Morton’s degree of animal ‘aszump- tion snd physical vigor, particularly if it relates to finance. Most business men in Chicago, however, Imnow that the only monetary panic we havo had in twelve yeers was pro- duced, or at least aggravated, by Grant himself. He it was that gave the order to Boutwell,.on. Sept. 4, 1869, which stopped all gales of gold for that month, &nd resulted in the Black Friday catastrophe of the 21th September. The order was procured from him by his brother-in-law Corbin, Jey Gould, and Fisk, Jr., and for Cor- bin’s influence in the matter Gould turned over to Corbin $1,500,000 in gold, on which Corbin aclmowledged that he netted a profit of $25,000, and got the money. Grant knew of these speculations in gold, and was stopping at Corbin’s house in New York, and there confer- ring with Gould, Fisk and company while they were preparing and going on. All this was proved before the Congress Investigating Com- mittes, who certified that the whole affair in- flicted wide-spread commercial disaster and dis- honor on the country. The Financier for Oct. 12, » non-partisan commercial journal, con- tains go complete refutation of IMr. Morton’s loud talk on this subject, that we copy a para- graph, which we commend to the careful atten- tion of the business public : If the conntry was never 5o proeperons as now, let us waste 1o bresth in talk about reform, for no reform 18 needed ; if the contrary 13 the fact, & knowledge of the disease must precede the remedy. Thot there is loss honor and ability expected in legislation, and certainly less realized, than ever befors; that office- holders aro more generally “‘on tho make;" that ‘monopoly is more fixed, more ambitions, more power- ful, more deeply and confidently planning; that rings control almost every large enterprise, and are resching after the rest; fhiat great offenders sré more <Eecure ngainst justice; that party politics ‘aze imore completely a matter of bar- gain and mle, in ‘which the consent.of the people is not even asked; that, in short, the gemersl standard of integrityis lower,snd the public con- selenco a6 to morality less sensitive, than formerly,— aro these things trup? Far too much so; the darke toned pleturo is less plessant to draw end contem- plate than the rosy one, but of the two itis the truer tofacts. Eiperfence'hns shown that all public affairs ‘move f20m ring to ring 2nd from one step in corzup- tion to another, year by year, until o general zing in | publié séntiment is compelled, and ~this hreaksthe Rinow clears {he air, and producos & tem porary reform Republicanism in America, and- the future of Republicanism in France, which was of a confi- dential nature, although its general character may beinferred. A statesman lika Mr. Samner, who looks far beyond the unscrupulous ambi- tions and the personal aggrandizement of the ' mere politician, could not have failed to avail himself of the sbundant material which the his- toryof the Republican party in this country has ‘farnished, and warn the French President of the dangers he must avoid in the management of his new political enterprise. M. Thiers not only .cheerfally accorded these meetings, which were not formal interviews, but also gave him a cor- disl invitation to a fature dinner, and with & thonghtful regard for his many engagements, offered him, one after another, the choice of three days alone. He has been beset with visit- ors, both American and French, and his invita- tions to breakfast and dinner have been so nu- merou that ho has been utterly unable to dine sthome. Ho has been presented to AMadame Thiers at the Elysee, and has been entertained in a princely manner by M. de Remusat, the Duke d'Aumale, M. Mannier, M. de Corcelles, brother- in-la% of M. de Remusat, M. Goulard, Minister . of Finance, Mr. Elliot Cowdin, snd other dis- tingnished gentlemen of political and literary Ccelebrity. * Tt will thus be seen that Afr. Sumner has not snftered from Mr. Washbarnc's petty and undig- nified - slight. His services to diplomacy, his distinguished sbility as Chairman of the Com- mitteo on Foreign Affairs, and his high charac- ter as scholar and statesman had preceded him, and rendered him quite independent of Mr. ‘Washburne's services o8 a cicerone into French circles. With that delicate regard for propriety andpoliteness for which they are famous, the most distingnished men in France have sought Mr. Sumner and not left him to seek them -through the customery diplomatic avenues. And while this is an honor rarely if ever paid to an American, and is a graceful and emphatic iribute to Mr. Sumner's great abilities and the high place hekolds in the French estimation, it is at thie same time an indirect rebuke to Mr. Wash- burne, empbasized over =and over sagain, which- that gentleman, it he has any sensibility, must appreciate very kieenly. The excuse offered for Mr. Washburne's gross re- missness of duty and ordinary politeness is al- together too flimsy ond silly for any cne, who is not & dolt, to sccept. If the truth were known, it would be found that Mr. Washburne did’not have time because Mr. Sumner belongs to a poS litical party which doos not beliove in the farther -administration of office, either of the man whom he (Washburne) made President, or of the man whom the President meade Minister at the Re- publican Court of M. Thiers. For such a gross disrespect, the rebuke has come from the most proper quarter, and in such a manner as may tend to hasten Mr. Washburne’s farewcll ban- quets, and expedite his epartare. Some months. 2go, the English were greatly disturbed by a sapient calculation of one of their geologists that their coal-supply would ba ex- beusted in eleven years. Predictions equally .confident have been made that the coal forma- tions wonld be adequate for the needs of untold conturies. One thing is certain, that, for some time, the demand for fuel hes so trenched on the supply that the breaking down of & coal-van from the mines would reduce the working-hours of some mannfactory. The iron manufacture of Fngland, on acconnt of the collapse, caused by the war; of the rival manufactories in France and Germany, the rapid growth of iron ship-building on the Clyde, the accelerating extension of rail- ways in Russis, Italy, India, and particulerly this country, and the general multiplication of the uses of iron, has recentlyexperienced an un- natural development. Her coal mines were un- prepared for the unusual calls upon them, and the result is seen in tho fact that coalin London is now costing on an average threa dol- lars a ton more than it did at the same time last year. Besides the industrial injury which will Ccome from this scercity, there are political evils to be feared from any such pressure mpon the lower classes, and these make Englishmen anx- ious, as speedily as possible, to restore the equilibrium of themarket. Their journals teem with exhortations to economy in the use of coal, which are illustrated by reference to the saving habits of other nations. When the working clasges complained of the high price of corn, _before the repeal of the esorbitant duties upon it, they were recommended by the Protectionists t0 satisfy their hunger withmangel-wurzel; and 1iow, when threatened withi cold, they are point- ed to the frujal practices of thé French, who, to keep their fires going, once évery three years strip every twig from the poplar trces whichlino the highwaya of that conntry. There is mo doubt that the capacity of the English mines can be enlarged, snd thot other mines can be _ofiened, but the development of England’s man- ufsotnres will far ontatrip that of either her iron or_coal mings, 3nd her manufacturers' may soon'be importing their fuel and ¢ros” from this country. . Should such be the case, the ail pro- ducers of Pennsylvania miy find in England & steady and profitable martket for the oil that {9 now a drug on their hauds. SR S Mr. Brassey, the rich English_contractor, who was said by Mr. Froude, the olher day, in hisin= terview with a New York roporter;to be worth forty millions of dollars, bes published an essay on Work and Wages, which his own observation and practical experience havemads & storehouse of most valuabla fects. Ono point, which ho il- Instratos and enforces, cannot be too often im= pressed upon Americans. It concerns an econo= mic truth too little understood here, and popular ignorance of which makes possible the most -injurions. legislation. The truth is that “daily wages are no criterion of the actual opst of executing works or carrying out manu- facturing operations.” Mfr. Brassey shows that on the Paris & Rouen Railway the cost of a cut ting made by English Inborers who wera paid 58 & day was lower per cubic yard than that of an adjacént cutting made by French lahorers at 23 6d o dey. Masonry costs as much in Italy asin Manchester, though the rate of wages is much lower. In South Wales, beforo the recent rise of wages, miners worked on an average twelva hours a day, while in tho North of England they worled only sevan ; yot the cost of getting coal at Aberdare w2s 25 per cent mors than in, Northumberland. He shows that produe~ tion in. the TUnited States is cheap~ er than in Englond, because the highax cost of Izbor leads to greater inventiveness. American ironmasters are able to make cast-iron wheels that will stand an amount of wear 2nd tear which even wrought-iron wheels made in England can hardly endure. A rainwater pipa in Americe will often be scarcely more than tha cighth of an inch thick. - In England it;would be five times that thickness. In the hardware treda an American workman carns double the wages oft _an English workman, but Iabor-saving spplia ances have been brought ta such perfection thag in tweniy-five classes of hardware goods the United States are abla to export largely into countries in which the pay of artisans is scarcely a quarter of the wage paid in Amorics. Mr. ‘Wells expounded the same truth in his reports, *and poople, when they fully understand it, wilt be less nervous about the competition of tha ¢ pauper labor” of Europe. . _— Tho Producers’ Association at Oil City, which wes organized to protect oil producers against the Sonth Improvoment Company, and whose purpose just now is to stop production, has ran scross & anag of the worst descriptionin a flow- ing well on the Sands’ Farm, that sends ont 150 barrels of oil per dsy, molens volens, in wet weather and dry, Sundaysend week days, and won't obey the resolutions of the Association, or poy any heed to them. Thedesperateproducers, at one of their recent meetings, seriously can~ vassed the propriety of setting tho well afire, seeing no other way of &topping it. The pro dicament of the producers, in their contest with nature, is an amueing one. When farmers, find- ing the market overstocked with corn, can dis~ cover some mothod of stopping the corn from growing Sundsys, the oil producers msy be able to regulate the production of patroleum in a flowing well. —_— Venice and Amstordam, mindful of the palmy days of their commerce, bofore Vasco de Gama turned the great stream of East Indien traffic around the Cepe of Good Hope, have been mek~ ing great exertions to regain their former stard- ing. Venice, however, has becn a sluggard toa long. The opening of the Sucz Canal galvan- “zed her iato momentary activity, but the im- pulse seems to bave spent its force. Amster- dam, on the other hand, is busy completing o large canal, which will greatly reduce the pres~ ent passage of twenty miles. -be~ tween herself' and’ the North Sea. Work was began on it eight years ago; the gigantic locks at either end are now £nished; and it will be opened in 1874 Itis hoped that the foreign commercs of the city, which has: been swiftly slipping awey to towns more easy of approach, can thus be fully regained. —_— POLITICATL. The total vote &f Peunsylvania is‘ abont 653,000, and does not vary much from the vota in 1863. P s —The Prohibition ticket polled about 2,000 votes in Ohio. 7 —Virginia elects & Goverzor, next spring, and candidates ave already being tilked of;-among them, Thomas 8. Bocock mnd J..Randolph Tucker. i s —Horztio Seymour, in a speech last week at Ttics, urged Democras ‘to united action with Liberal Republicans for the overthrow of the present Administretion. : : —A Grant man at St. Lonis is nowa Greeley man, because, after telegraphing three times to General Grant, at Washington, to know if be wonld run ggain in 1876, ouly the following ra~ sponse was elicited : WASHTSGTON, Oct. 9,172, | General Grant refuzes to answer. ‘OPERATOR. —Senator Norwcod. on the stump for Greeley, in Georgis, declares that Groeley's election is the only immediste mezas aad promise of res~ cning the Government, now rapidly becoming & despotism. —Senator-elect Williom B. Allison has been compelled, on acconnt of sickness, to relinquish, his appointments for the rast of the camraign. —It was not 8o much that He Wilson wag & Know-Nothing that we criticized him, but it was that, having been a Know-Nothing, he denied it.—Exchange. —For Congress: Eleventh Messachusetts District, Liberal, J. T. Arnold, of North Adams, .against Davwes; Third Massachusetts, Liberal, Samuel C. Cobb, of Boston ; Tenth MMassachu. soits, = Liberal, D. W. Eond, of Florence; ZEloventh New York, Repablican, Ethan Flagg; Trwentieth New Yoik, Republican, Da¥id Wilber, of Milford; Eighteenth Now York, Liberal, Williem P. Cantwell, of Malone. . —Alex. H. Stephens will not be a candidate Tox Congress, in Georgia, though the Grant sup- poxt was tendered kim; bub General Dudloy M. Du Bose, the present Representative of that District, has announced himself s cendidate for re-election, opposed to Greeley, and will be, probably, the only Bourbon candidate in Geor- gis. To =1 —Jamos N. Buffum, Magor of Lian,, Mass., firet nominated ea the Labor candidata for- Cone gress, and unsuccessful in getting either the Ro- publican or Liberal nomination, has ratired from the field, in favor of both Banks and Goceh, bo- tween whom the Labor vote may ba divided. —Registration roturns in Missouri, ‘not ine cluding St. Louis, at last acconnts, aggregated 95,831, against 53,966 in 1870. The registration 8t St. Louis, -to Friday night, was 31,612, and ebout 10,000 names are to be added. . —The anti-Grant parties at New Orleana have consolidated down to two tickets, headsd by Charles J. Leeds and Louis A. Wiltz, for Mayor, and there is hopo the two tickets may et be rolled into one. ‘““The St. Louis Republican does not like some of the Liberel nominations in that city, and particularly the candidates for the Legislature. —Governor Daker, of Indisns, has decided to call an extra gession of tho Legislatureof that State, to meet on the 12th prox. He'will rec: ommend in his messege that a Constitutions: Convention be called at once. : ~—The Detroit Tribune supports Grent, but sends this shot into the Chandler Ring; 1t becomes our imperative duty to nolify tts owner of the Percheron siallion and fho eutiro Parcheran fraterzity, including all editore, cdrrespondeats, na i ot tharCirecd, that thoro 1o o eekiily probability thatthis journal will, either in the imme~ disto or the Temots future, march serenely to any ‘musio furnishod by Cameron, Chendler & Co., orkeap ‘good step with any file-leaders whom those men owf: 18 ou do not lika this, gertlemen, you are at perfect lib- 2o to thraggio with tho other aliernativa. - Have,the ein idness now to_insert this in your pipes, smokiXs and see how the flavor suits you, by —One_ effect of the late elections s scen in the announcement that the Administra~ - tionhad two pretty severe rods in pickle for North Carolina and'G corgio. —Six thousand fraudulent votes have already been ferretted ont in North-Carolina. For help- ing to-discover these frauds; Grant newspa sasort that the Raleigh Seritinel blow iu:? ng?’