Chicago Daily Tribune Newspaper, September 23, 1873, Page 4

4 TERMS OF THE TRIBUNE TERMS OF BUDNACRIPTION l(‘I‘AY|AI|L!} ™ ADVANg;).uo yo by mail,., . 8 12.000 | Bunda y i \‘J&E.".ll....s‘%.fifl Waodty 2.0 Paris of a year at the sama rato, o provout dolay and mintakes, bo suro and glvo Post Offico nildress in full, inclnding State and County, Komlttauces may bo made oither by deaft, oxpross, Post Oico order, o in togistorad lattore, at onr risk, TENMB TO CITY AUNACRIBERS. Dafly. dolivored, Sundoy oxcoptad, 2 conte por waok. Lutly, colivorad, Sunday ineluded, 10 conts por wooks Address TR TRIBUNR COMPANY, Cornor Madison and Doarborn-sts., Ohicage, il ———— TO.DAY'S AMUSEM 1QOLEY'S THUEATRE—Randolph stroot, botwoon OlaAcand Tagatior W+ Borpior o 53 MOVIOKER'S THEATRI-Madison st Dearborn aud Btato, ** Fronchwomon," oot, botweon ACADREMY OF MUSIO—Hatstod stroot, botweon Mad- tson and_Monrog, ~ Kugagemont of Mrs, "D, P, Bowors, ‘*Amy Stobsart." AIKIIN'S THEATRE—Cornge Wabssh avenuo snd Harrlson stroot. " “* Thiovos of Bagdad, LOBE TIEATRE-Dosplainos strot, botwaon Mad- Ison and’ Washington, Falo of Locliontmont." botwaon MYERS' OPERA-IJOUSE--Monros .lm'kflmunlq Dearborn and Stato, ** Mag's Now Dolatno." sud comloatities “BUSINE! INSTEAD OF BIFTER, qp qymr QUININE TIAVANA TOTTERY—WF SOLD TIL 860,000 IN Arawing, April2), Clroulars. a3 $hio extrnordinary e AR INLz £ GO., 10 Wal 702 Wox T, s, Now York R1,0I'8 TAIR DYE, THIS BPLENDID h..‘a‘r)‘.n‘;?'.‘. tho_best in the world. Tho only truo and por foct dyo. Harmless, roliabio, and fustantancous; nodisap- ointiaont ; no ridiculous tints or unplossant ador, Romo- Bfn tio 111 offacts of batl dyes and washos, Producos tm- pedintely o suporh black or uatural brown, and loaves tae Bt tloan, soft, and bonutiful, Tho konuluo, sipgod W A» Datcliolor,’ Bold by all druguisw, CHARLES BATOHELOR, Progristor, N. Y. VAN BCHAACK, b RELD, Agont The Chicago Tribune, Tuesdsy Morning, September 23, 1873. The lato Gen. McCook hins boen succeeded by Dscar Wintney as Secrotary of Dakota. . T — Aftor months of opposition, the Council granted the Milwaukee & 8t. Paul Railroad the right of way ovor certain strocts into this city. e Dennis J. Sweenio wag nominated last evoning by Acting-Mayor Boud as First Assistant Tire- Marshal. The nomination was roforred, as usnal, to the Police and Fire Committee, ——ee Gen. Garibaldi, who has had s hand in every foreign war of any consequence for the last gon- oration, has offered his sorvicos to the Republia of Spain. Prosidont Castelar has declined them on the ground that his help is not needed. [ ——— Jonathan Merriam, a well-known and weslthy farmor of Tazewell County, has boen appointed Collector of Internil Rovenue in the Eighth Cougrossional District of this State, in placo of Col. John T. Harper, e Tho Cannda Southern Railroad Company have been obliged to cancel all their contraots and inchdrge mony of thoir qmployes, beiug crippled by the complications in tho affairs of Daniol Drow, who is a heavy stocklolder. —e Alicanto is protected from the threatoned bom- bardment of the Spanish insurgents by the in- tervention of tho British floct, Tho British Ad- miral, sustained by all the foreign Consuls, do- ‘mauds also that nll hostilities cease for four doys. ‘There was o two or threo hours’ sharp debate in the Council Inst night on the Court-Iouse plans. Soveral ballots were taken, which woro as fruitless as tho discussion. They stood: For Tilloy, 17; Gay, 12; Matz, 6. Twenty-ono votos are needed by the succossful compotitor. The subject will come up again on Wodnesday ovening. Chief Justico-Cockburn is very zealous in this Tichboruo Lusiness. A day or two ago lo put & quictus upon tho appeals of the claimaut tu tho public for funds, sud yeaterday ho fined the oditor of tho Chellenham Gazelle $750 for & criticiem on tho conduct of the trial, and accom- puniod tho fine with & threat of imprisonment for any ropetition of such free spoech. Sir Hugh Allan was crosg-exsmined yostordsy by the Royal Whitewashers, as thoy are now styled, in Ottawa, Ho stubbornly porsisted in denying all knowledge of MoMullon's operations, and aflirmed that ‘‘no American had any interost in Canada Pacific.,”” The Governor-Genoral has issned n proclamation convening Parliament on thio23d of October, when, it i expected, tho re- vort of tho Royal Commussion will be presented 1t bas nlready boen remarked that the failure of the Union I'rust Company of New York was duo to mismanngement and tho dofalcation of ita Casbior, and was no symptom of public financiol woaknoss. The dispatches this morn- ing romove any surprise that such ineficiency and dishonesty should have oxisted. It apponrs that only one of the Trustees of the Company kopt any funds on doposit thore, and that only two or threo of thom owned any of its stock, ‘The Chicago produce markets wero less active yestorday, aud very wenk, ospecinlly on cash lots, in constquonce of the scarcity of monoy. Dess porl deolined £1,00 per byl, to 816,00, with moderate ealos. Lard was inactive, and s shado eagior, at 8c per Ib for wintor rendered. Meats wore quiot at 73{@7%ge for shonlders, 83@8%c for short ribs, 8{c for short clear, and 9@11c for sweet pickled hams, Highwinos wore quiot and onsier at 02¢. Lake freights were quiot and unchauged at 120 for corn to Buffalo, and 22 for wheat to Kingston. Flour was dull and unchanged, Wheat was active, and 8@4o lower, closing at $1.05 seller tho month, and 81.08 scllor October. Corn waa Tess active, and 2@2}do lowor, closing at 97i¢0 cash, and 40}4o soller Octobor, Oats wore dull and Y{@lc lower, closing nt 28c cash, 204@ 20}4c sellor' Octobor. Ryo was dull and 2)4o lower, at 63c. Bartey was moro activeand de- clined 100, closing firmer at $1.20 for No, 2, and 08@9% for No. 8, Beof cattlo wero ontirely lifoloss, and prices woro ontively nomiual at £5.00@0.10 for fairto choice, and £2.00@4.75 for common to medium grados. Hogs wore flat at & deoline of 15@30c por 100 1bs, the ruling figuros paid boing 4.20@4.70 Auguste Nelaton, the emluent surgoon, whoso death was announced by telegruph yostorday morning, was born June 17, 1807, receivod his dogree of Doctor st Parly, in December, 1836, and shortly aftorwards becamo surgeon to the hospitals in that oty and & mombor of the TFaoculty of Modicine. In 1851, he became Pro- fessor of Olinlcal Burgory in tho University, and in 1860 was admitted to tho Academy of Modi- ciuo, in tho sootion of Ohirargicul Pathology. Ilo way docorated with tho Legion of Honor in 1818, promoted to the rank of Officer ‘in 1 P T o1 Ho was the rogular physiolan to Louis Napoleon, and not long since, it will bo remembered, por- formod an operation upon him. In 1867, howaa mndo o momber of tho Fronch Academy of Sclences, and in 1808 was croatod Sonator by Imporinl decroo, Ho was tho authior of roveral standard works in his profession, among thom : * Rechorches sur 1'Affection Tuberoulouso des 08" (1897); “Tralte dos Tumours do I Mamolle” (1830); *‘Elemonts do Pathologlo Chirurgiealo ™ (1844); ' Parollole des Dlvers Modes Operatoires dans lo Traitoment do Ia Cataractro * (1850); * Da 1" Influonco do Ia Posl~ tion dans los Malndies Ohirurgicalos ™ (1851), &c. Both na a professor and practitionor, ho has loft bohind him an enduring reputatiop. The foroign mails aleo bring the announce- mont of tho doath of Lord Annaly, who died in Ircland recontly in his B4th yoar. He was s son of tho colobrated Luke Whito, who sat in tho Irish Parlisment and 8o bittorly opposed the Unlon act, Lord Annaly was one of the * Throo Colonols " who played & very active part in Irish politics in tho Liboral intorost during tho agita- tion for Outholic omancipation, THE FINANCIAL BITUATION. The flurry that followed the collapse of Jay Cooke is over. The fluancial pulse of Now York yestorday waa calm and regular, Thero wore no runs upon tho savings bawks or any other institutions of doposit, no failures, and no panica oven among the gut- tor brokors, Owing to the prompt allianco of ‘tho banks for mutuusl assistsaco; tho dotor- mination of tho savings banks to forestall any run by requiring legal notico of withdrawal from dopositors ; the closing of tho Stock Exchango, which ehut down tho hatchos on tho most un- ruly of tho psnic-breedera; ihe action of the Troasury, and a gradusl rec- ognition of tho fact that tho genoral prospority precluded any general diatross- owing toall these, public confidence has recov- orod itself, Only £9,500,000 of bonds were offered yester- day in Now York to the Governmont, which stood ready to buy sn unlimited quontity. Scorotary Richardson snnounces that ho will continue to.buy them as long as they are of- fored ; but, as almost his only customers aro the savings banks, it is not likely that his pur~ chases will continue long. There were two failures in Pittaburgh yester- day and a fluiter in Cleveland. Philadelphia soems to bo slower than New York in recovering iteolf, but elsewhero throughout the country tho squall has spent ita force. Thore was no undue excitement 1n this city yosterdsy. Nono of tho savings banks woro bosioged by their depositors, and thero was no suggestion of trouble in commorcial circles, ‘Tho bauk Prosidonts of Chicago mot last night ond doterminea that they would support each othor as tho Now York banks are doing, but nono of them will have need of help. Socretary Richardson roports that almost all tho appesls for help during tho late strees came from New York. There were fow from Pbiladolphia and fower still from Washington. ‘the country belhind was un- moved. Tho West and South needed no help, and askod tor none. The nction of Becrotary Richardeon and the President in. regard to relssuing the so-called greenback resorves -has boen misunderstood. Much credit bns beon given the President for his firmness in rofusing to allow tho reissue, and it has been fondly belioved that ho had at last reponted of tho heresy that ho had the right todo so, Ho takes the troubla in the dispatches this morning to undoceivethe publio. Hosuthorizes thostatomont that heis convinced of the logality of tho past courso of the Government in drawing upon the legul-tender reserves. The action wurged upon him by the Now York speculators, with whom ho held such diguified conclave last Bunday, was that the rescrve should be transforred from tho Tressury to the banks, This bo rofused, becanse such o transfer wes illegal ; mot bocause tho relssuanco of legal- tonders was bsyond his authority. SECRETARY RICHARDSON AND COMMODORE VANDERBILT, The announcoment that the Government had omphatically rofusod to issue what is called tho 44 §44,000,000 resorve" of greonbacks, in obodi~ enco to tho appoals of Coruelius Vanderbitt and othor speculators, would havo been more grati- fying had it not boon followed yestorday by an explicit reafirmation by thoe President of the right of the Treasury to issuo these reserves wheon it deoms it advissble to doso. Thisill- timed declaration on tho part of tho Presidont makes it interesting to ask what could be done with the $44,000,000, if it wero issued? And how could it have rolioved tho late fnancial distress ? 1. Suppose the Government had commenced discounting business paper, where would it have commenced? Most likely with Commodore Van- derbilt and the tribo of stock-speculators, But liow could the Government justify discrimina- tion of this kind, and how could it protect tho money which the peoplo have paid in taxes on sucl socuritios ns tho kite-flyers aould offer? 1f the Government is golng into tho discounting business, why is Commodore Vanderbilt ontitled to proference ovor Capt. Corrigan, or Mr, Jay Gould over Mr, Wilking Micawber ? If the Government should undertake to distribute the public funds for the gonoral good, there would bo but one fairand equitable plan, viz, todistributoit prorata among the eutire population, The sum of 844,000,000, with tho present population, would give us all about €1 apiece. Would this method be calcu~ lated to reliove the' situation ? I If goneral distributlon werp mot adopted, the money would probably bo losnod to the bauks, Then thoe quostion arises, What banks ? ‘What suporior olaims would tho Park or Fourth National Bank of New York have over A, 0, & 0. T. Badger, or tho Franklin Bank in Chlcago? It there ia to bo discrimination, the latter are far moro in nood of ald thau the former. But, sup- poso the money were divided yp among & cor- talu number of favored banking institu- tions, low could 1t opoerate to relieve tho financial embarrassment of tho timo? Evory bauk that rocolved 100,000 would stow tho money awsy in Its vaults, and keop it thero, The bank would then bo $100,000 stronger thon before, sud would feel more com- fortable, but not a cont of it wonld anybody olso got until the panio was over, and thon tho Gove ornmont mouoy would not bo noeded. Iu this way the money would nover rosch those who neod it § or, if it did, the banka would bo worso oft than thoy are now, for they would be carry- ing o etill larger load of liabilitios and of iu- convertible scouritios. III. During this panle thero has been no T aer e . PHE CHICAGO DAILY TRIBUNE: TUESDAY, SEPTEMBER 23, 1873. B N TNt A S o M i ¢ IS S e o S i S e e e S N O e O e e S SRS T country to transnot its legitimato businoss. There s just as much money now as thore was n waok ago or amonth ago. Thoe only difforonce is that poople aro holding it too tightly instend of nllowing it to eirculato and porform its proper and legitimato offlco, It &44,000,000 more wora thrown ln, thoso who bappened to got it would hold it s tightly ns the romaining 060,000,000, until confldence wero restored, IV. If $44,000,000 curroncy were thrown upon the country, and found its way to those who noed it moat at this time, 1t would roach the hands of tho oporatois in moonshine railronds and the denlors in fanoy atocks, The only offect upon tho commercial Intorcats of the country would o to euable debtorsto discharge tholr obligations with 10 por cont loss valuo than thoy Lad agreed topoy, Thosum of $£44,000,000 woula bo just about 10 per cent incroase of tho existing our- ronoy, and therofore equivalent to 10 per cont dooronso of {ts valuo, The producors, morchants, manufacturers, and logitimato business mon can afford to soe all the kito-fiyers and all tho unpro- ductive railroads in the country go to pot ; thoy cannot afford to have oxisting contracts and values disturbed to tho oxtént of 10 por cont, Thore wore two men in the Sunday conforenca in Now York who have injurod thomselves bo- fora the country,—Reverdy Johnson and Corno- lius Vandorbilt. Mr. Johnaon is an eminent con« stitutional lawyer, and hia advico to tho Preal- dent can only be accountod for on the assump- tion that hie lost his wits In tho excitoment of tho times. That o man of his reputation should clearly seo tho unlawfulness of tho proposed issuc and then adviso the Prosidont to mako it, is incomprokiensiblo, The position s one that can command the rospoct of molthor side, Mr, ‘Vanderbilt's proposition was simply impertinent. On Baturday ho eithor could not or would not pay the Union Trust Company s call loan of $1,760,000, which be had borrowed to ennble ono of his railroads to pay an uncarned dividend, though Mr. Augustus Schell, an intimate por- sonal friond, bogged him to do this simple act of Justice as the only means of saving the bank. Tho next day ho had the choek to offor an ad- vance of £10,000,000 to tho banks if the Govern- mont would put up $25,000,000, It was o mero brag. Vanderbilt and his wholo crowd could nob havo raised £10,000,000 of cwrrency in such a crisia with all the raflrond socuritica they own. Vanderbilt's proposition amounted to this: *If you [tho Government] will advance the money to pay 76 per cont of our stock losaes, we will pay tho other 26 por cont ourselves.” THE WALL STREET ** YAH008,” The spectacle presented upon the New York Stock Exchange, on Friday aud Baturdsy last, must have been of o charactor to esdden tho angels above and gladden the angels below—if thoy tako any interast in our affairs, The scone at the Towor of Babel may have been s lively ono, whon the brick-masons, and hod-carriers, and stone-cutters suddeply commenced jabber- ing in 8yriac, Chaldaic, Hobrew, and othor lan- guages, and their employers jabbered and cursed in other tongues. It is probable that it the inmates of a lunatic asylum wore all let loose at onoe time, into one apartment, that the room would not be a very dosirable placo to do business in, It is also vory cortain that it all the opnimals of o monagerio wore huddled together in & large cago and vigorously stirred up thoy would make a very lively timo of it. But tho Tower of Babol, tho Bodlamites, and the menngoric combined could not have exceeded tho New York Ex- chango in absurdity, noiee, insanity, and infu- riato jargon. TIt18 & cheering and onncbling spoctacle : hun« drods of men, presumably possessing intolli- gencoe and reason, gathered togothor into one room, rushing to snd fro, screawming, yolling, gostioulnting, knooking the hats of their neigh- bora over thoir eyes, oursing, laughing, shaking fists at onch othor, some bawling themsolves hoarse, others muttoring to themselves, and the ontire assomblage, at rogular intervals, shouting * Yahoo" Horo, indecd, Darwin may may find new arguments, based upon conduct under oxcitement, to help prove his theory that man descended from the ape. Africau trav- olors have related vory similar narratives. of largo multitudes of monkoys cougreguted to- gethor in tho forests, soreaming aud ohattoring in tho samo idiotio manner, and uttoring sounds vory closoly rgsembling * Yahoo'—tho only differonce being that tho monkeys are to be crodited with making less noise and having & moro doflnito object in view than their distant and more highly-developed relativos. The situntion on- the New York Exchange is not relioved of ‘anyt, ita absurdity, or any the loss doserving of c&titaturo, in contemplation of tho ronsons which transformed it into o Bodlam. The gamblers on tho green cloth, when luck turns against them and thoy find thomselveswith empty pockots, quietly blow their braina out or accept tho situation with plnlosophical coms posure. They do not tear wildly about or scream or yoll * Yahoo,” or call on honost poople to ad- vauce monoy for their relief or even to sympa- thize with them. They quietly accopt tho inov- itable, hoping for botter luck next time, and ox~ hibit at lonst the somblanco of reason, Thefato which overtook the Now York Exchange gam- blors was not, by any means, singular. They had stocked tholr hands with moonshine rail- roads, with humbugs and frauds, with air-blown sohemos and transparont bubbles, and thon com« monced botting against the production of the country, its population and rosources, sguinet swamps and wildornosses, Icobergs and oyclones, sgainst tho logitimato commerce of tho country and its crodit, againat everything which was pormanent and rogulated by unchangeablo laws, aud tho result was, of course, that the bubbles and balloons burst, Thereupou thoe wholo country is distracted with tho whoops and yells snd “yahoos" of tho 1diots, who had bet in thjs mauner ; and, becauso s fow outsidors who had been in partuorship with the gamblers found thojr feot kngoked out from under them, thoroforo good, higuest peoplo, who don't bet, got frighteoned Jeat thoy are golug ta logo their monsy also, and chaca sots In again, 1t Is now possible, since the CGovernment hay prudently rofused to make good tho lossos of thioso gamblors, and slnceit has hoon shown that tho legitimate and substantial lntoroats of tho country bave not sufferod, that wo may have s rosting spoll from tho noiso of the Yahoos, and that honost men will bo sllgwed the privilogo of going about thelr buslness without boing doaf- oned with any more Bodlama broke loose. It can hard)y be hoped, howeyer, that this pleasant prospect will last forever. Tho Yahaos will rost fora time, but they will inovitably got broken again, and howl gnd yell snd scroam s they did tho othor day. Whon such & thme comes, if gome ona would tako tho re- sponelbllity, atter the Yahoos aro all togethor, oY tava Vatan tho water on tho animals, ho would eam tho gratitudo of tho whole country. THE LONDON PANIO OF 1800, TIn 1866, thero ocourred & violont financial panie in London, which orlginated from the samo gen- oral causes that produced the recont dorango ment in this country, To uudorstand the his- tory of that panto moro clonrly, it sliould be borne in mind that the Bank of England nloue, of the London banks, is nuthorizod to Issuo nolos, and that, by the act of 1844, tho aggregate fs- 8uo of such notos (in 1806) waa limited to £20,- 000,000, or about £180,000,000. Tho othior cur- roncy 18 furnishod by tho country banks, and the banks .of Ircland and Scotlsnd. In 1860, tho DBank of England leld £18,000,000 sterling ingold, Tho logalizod maximum fusuo of noteg Dby the country banks in England waa thon about £7,000,000, making tho total curroncy sbout £82,000,000. Tho monetary business of London wasof throe kinda. 1. Banking : That is, whon the bank re- celves tho doposita of tho publio, aud londs the samo ont, and doss notling elso, As thoso de- posits aro on call, tho monoy Is loaned only on commercial bills, or othor seonritics rendily con- vortiblo into mousy,—s reserve of monoy boing kept to moot curront domands of dopositors. Long loans, or spevulative loaus, are excluded from good banking, - 2. The Discount business 1 1If the discount-house deals with its own monoy only, it needs no resorve, it caunot suspond pay- ment, and has no linbilities to the publio. 8. Financial business: The undertaking of now onterprizos, A company of this kind, trading with (s own capital, noeds no roporve. A company of this kind may also recoive deposits on long time, and doal with thom as with ita own money. In 1808, these several clagees of inatitutions, instead of confining thomselvos to their own lines of busi- ness, bnd engagod in all thdse kinds of opera- tlons. Discount and financial housos had sought and rocelved doposits on call ; and the bankehad branched out into the larger intorost-bearing socurition of the other companies, invested their money in long loans, and in many instances on precarious or speoulative stocks and bonds, In March, 1866, one of these concorns—tho Joint- Btook Discount Company—failed. Though =a puraly discount concorn, with no lisbilitics to tho public, its failure was followed by a goneral doclino in tho value of shares in all tho othar financial companies of London. This decline in the valuo of tho shares naturally produced & distrust in the minds of tho creditors of tho institutions as to thoir management, and thus bogna tho domand for deposits, This demand firat attacked the groat house of Overend, Gur- noy & Co, This firm had over £2,000,000 loaned upon long time ; tho value of its shares foll in the market to such an oxtont that the customers tock an alarm, and a run for deposits was made. It applivd for aid to the Bsok of England, and, failing to recelve it, tho doors wore closed. That houss had held as highas £18,000,000 of deposits, and when it closed its labilities were equal to $00,000,000. The run waa then extended to other institutions. The English Joint-Btock Bank had s portion of its tnf\fl.s with Overend, Gurnoy & Co., and, of courae, had to close its doors. All the othor banks and financial Louses.in London were now assatled. There was a goneral rueh for doposits, snd thoro was no currency with which to pay thom, and no currency into which the banks could convert thelr securitios. Consols could nat bo gold, tho Bank of England refusing to loan their notes upon Government stock. Tho most sol- vent banks wero unable to meot the domands upon thom for tho want of cash. Tho assots wero confessedly adequate, but thoso assots woro inconvertible, Tho aggrogate bank-note ciroulation of tho Kingdom hardly oxceoded the amountof deposits in tho London & Wostminslor Bank and tho Union Bank. Tho Bank of Lngland, when ap- pealed to for notes in oxchange for securities, rofused to part with them, That bank itsolf had not enough notes and coin to meot a run npon it by its own depositors. In fact, had the other banks withdrawn their rosorve balauces, thoy could havo forced it to suepond. The aggregate deposits wero 400,000,000, sud tho aggregato of curroncy in tho Kingdom was £40,000,000. How to pay the larger aum with tho smallor, was the perplexing problem, and yet the mnobs of impatient dopositors woro rouring in the atroota becuuso it waa not dono. On Friday, May 12, tho paule was at ita height, At 1 o'elock, the papers announced that the Bank act had boen suspendod ; the crowds at once bogan to disperse, and tho run slackoned. . Tho announcomont wag promature, becauso it waa not until midnight of that day that the Government susponded tho act. This susponsion of tho act was an authority to tho Bauk of England to incronso its issuo of notes beyoud tho usual gold reserve. The offlcial announcement had the effeot of quisting the market, aud when businosy closed on Satur- day it was assumod that tho panic wey over, Tho Bank of Englund, when thus allowed to incresso its fesuo, 18 by law roquired to charge 10 por cent on all loans it makes, and divido the profit with {ue Governmont, But tho Bank of England refused to iucresse its Is- sues, lost thoy chould be returned im- modiatoly for forcign exchange, or someo- thing that people could pay dobts within other countries. 'Pho other banks which lhad boen drained of thelr currency by tho partisl runs of Friday and Satnrday found themsolves unable to meet the ordinary demands of do- positors ; tho alarm took a frosh start, and in threo days tho panio was renewed and raged ‘morq flercoly than ever, Tho inability of tho banks to pay their depositors produced scveral commeroial failures, Tho Bank of London, o solvont institution, aftor paying out 50 por cont of it doposits in onah, closed its doors, The Consolidated Bonk thought to reseup tho Bank of London, but it bocsme involyed, and, unablo to meot tho run, was forced to suspend., Throo other banks, after vain struggles, also went down. The stoppago of these banke locked up about $00,000,000 of depouits, all of which was thoro- by withdrawn from tho business of the commor- olal iouros to which it bolongod. ~ All tho meana of tho susponded ostabllshmonts wero by law transforred to tho Bank of England, without any immedinto obligation to pny tho depositors, Thoro was no othor place to apply for ros liof than to the Baunk of England, and that ‘bank poremptorily rofuged to enlarge tho amount of its note Issues, This bauk, thorefore, had practicsily o monopoly of all tho banking busl- noss in London, and maintained it for a long timo, The bapks that did not fail waro unablo for o long time, and thon only gradually, to resumo thoir busincss, Yho great bulk of tho business thus transforred by tho foroo of necossity to tho Bank of England romaiuod with that institution, which was ablo to domand 10 per cont on all its loana as late as Novomber following. Mha v T« M7y : manv Doluts of re- somblanco botween this London pante of 1806 ond that now experienced in New York. Tho oxplosion of ono large concorn, which had on- tangled itsel? in a worthless raflrond, waa fol- lowod by tho bursting of all tha railrond and othor “ fanoy " bubbles which had baen kopt float- ing by borrowed money, The sudden wiping out, s by & spongo, of all the marginnl intorost of tho utreot in nll thess stocks, called for a salo of the scouritios by the banks, in order to onablo thom to moot thoir deposits. Tho want of an sdequato supply of currency into which to con- vert theso securitios (and no supply would be adequate in such n time) lLas produced a stringoney that hina torrified, though not roally imporilod, commereclal socurity. So far, the dostruction Lins boon conflued to tho gamblera in stocks—tho doalors In confidence. A few daya more of patlonce, forbearanee, and enduranco will probably rescue the conntry from o panio ns dienatrous as was that of London in 1866, —— ‘NOTES AND OPINION. The bubble which exploded in Wall stroot on Thuraday was first inflated in the esrly part of tho war, when apamplilet was writton to prove # A National Dobt a Natioual Blesaing,” and it was deomed = patriotio duty to inouleate the doetrine, Naturally, that which was deomod good for tho nation was estoomed bonoticial for corporations ond individuals ; snd tho aggrogate national, Stato, municipal, sud business indobtodnesa of the country to-dny is fearfully alarming. But of all forms of erodit, that upon which the business of Wall stroot is built is tho most ruinous and incxoueable. Thoro is no apology for it; and tho sooner it is buried boneath tho rulns of eovery firm and overy individual en- gegod in it tho bottar, . . . The country is not prosporous because it hns borrowed thousands of millions of dollars of futuro fionurnflons, and bos mortgaged itaolf boyond ro- lomption for plimont; whilo its publio tands have boen oizod by speculators, and taxes hinve beon piled mountain _high by political spend- thrifts.—Albany (V. ¥.) Argus. —In spito of the country, you seo_around you littlo elso but dobt—dobi—debt. Debt individual, but moatly debt corporate. + . . Thore is no help for it now. The arguments presonted by dofaulting railrond companiey und suspending bankera con- tain & Bort of logio which tho dullest miud can comprehend, Chronio gambling will never pay. Paper is uot money, howover haudsomoly it muy Do ornamonted. redundant currency, evon if it wero of gold and silver, is uever a bleasiug, but always & ourse,—Piltsburgh (Pa.) Post. —Tho Toal couso is to bo fouud in tho papor ‘monoy of tho conntry, the unrodeemed intlated currency, with its uncertain value. Bo 10"5 ag tho buslnoss of tho country is conduotod on othor than & specie basls, so long will the munin for unlimited speculation continue, and so long will financial orashes bo of frequent oceurrence. — Hartford (Cl.) Courant, —Ono thing would seem to bo ovident, how- over, ond that is, that tho inclasticity of our presont bauking systom i o cortnin Bource of L\ulnncm disturbance.—Milwaukee (Wis.) Senti- nel. —Our nationa! and non-exportable curronoy would ba a suflicient safeguard oven in a tenfold groater dangor.— Plaladelphia Press. —Wao do not disputo that an inflated curronoy and the artificial prices springing from it hns stimulated thie speculative spirit whose ovor- sirain bas precipitated this convulsion, We have slways insistod that this was tho in- ovitablo influonco of dugrecln.kud and incon- vertible paper mouey, and have repeatedly urged it s a reason why tho country should ‘escapo from the unhealthy condition” ss specdily ns possiblo, But the Governmont is not responsi- ble for the existeuco of tho currency wo now find hore. It was ono of tho penaities of the war.— Albany (N. Y.) Journal. —Whatever may be the nflur-unuaofinuuccs of this sudden nnd, on mauy accouuts, distressing calamity, we trust that one’of thom will be to convince those who lave monsy to invest that there is sucha thing as anticipating tho dovolopment of our natioual resources.—Loslon Advertiser. —Wa do not say that it would be n good fl:lns to have this panic oxtend so far that it woul drlye theso imsginnry socuritics out of existence and bring tho railroad intercst down to s sound basis, for such a result could only be accom- plished by an immenso amount of individual suffering, though we must admit thore are alrnns rensons for thinking that, iu the end, it would Lo & blessing to the community at largo, As it is, wo aro nlways subjcot to just such panics, and they will result in misfortuno and distress to in- nocent persons unlil the system is placed on such a foundation that speculation itsoelf will Lave little to do with intrinsic values.—Boslon Globe. —Tho work of building railroads is boing con- ductod with little regard to sound financial prin- ciples, Tho truth will probably bo found that tho Oredit Mobilier disoaso provails extoasively outside as well as insido of Cougressional halls, Seranton (Pa.) Times. —In the faco of tho exposuro of tho Crodit Mobilier rageality, tho mauagers of the Northern Pacific Railrond hiad not the offrontary to_asic for money aid from the last Congross, The bub- blo had burst, bub tho cruck business waa cou- tinuod of floating thoso bonds, by imposing ou tho crodulity of the publio, Ly overy dovico known to the Montague Tigga of fiuance. Up to tho day of the crosh, thoso ** dosiring o safo and profitablo_investment” were advised by Jay Qooke & Co., to sell out tleir Govornment bonds and buy Northorn Pacific bonds. . . We are roaching the end of a wild ora of speculation, and wo are ronching it, porhaps of necessity, tbrnug}\ ludlvll:duzru suffering and sorrow,—Brookiyn (. Y.) Eagle. —)-Smfm of thomo connected with the Northern Pacific Company are roported to have alloged that Congress inay Lo usked Lo oxtoud the Na~ tion cradit to the bonde of the Company, as tho . Govornmont did to tho bands of the Union and Central Pacifio. This schemno we can hardly believa to b seriously contemplated, but, if so, wo shall expect Congross Lo promptly repudiate, The country hns hnd, and is having, onough of ‘that sort of subyidy business.—Detroit Post. ‘—What_the convulsion will do and what it ought to do is to arrest somothing of the fl'ou? of specnlation which has been running so wild. + o+ o Tius railrosd movoment has been largely artificinl, Tho pressuro has been carried too high. o bubble hns boen inflated boyond all reason. 'The capacity of the countryin this direction bas beon overstraiued, and now comea tho collapso, oarrying with it the fall of many stroug houses, and consoquences which canuob yot bo estimated.—Albany Evening Journal, —\We are not over-sanguine of tho immedinte futuro. Labor has grown reatloss under its load, Dobts are multiplying with fearful rapid- ity. The future is burtered to prop up the rosout, Gaius aro loes than oxponditures. Woak minds, deceived by uppearaacos, may call this prospority. "Mhioy aro o flud soon thio truth of the exprossion, ‘*‘Tho simplo pass on and aro punished."—§t. Paul (Milln.g LPioneer. —T'ho rockloss aud vicious thny puraned hy our great 1ailrosd man has had more to do wit tho prosent crash than bag tho war und its ro- sults, Watered stock and dividends asled from tho peoply upon such flotitions basis hus com- polled hm furmers aod laboriug meu of tho country to organizo, to bruuf mattors down to s hving aud honost busis. Thoe resull is, that thoso men who are lieaviost in railroad specula- tions and new projeats are the {irst to go under, ~—Burlington (fowt) Gazelle, —Wore it not for the fact thut the fallure of suoh a flvm as that of Jgy Covke & Co. will bring disgater upon the busiuess of honest uud fndus. trious mon, it m‘ght Do vogarded s a just visitue tion upon a sot of Shylocks aud monoy-chnugors, who toil not, neithier do they spin, bit live upon aud draw away from the tuiling millions iho pro- duots of their labor, . . . . 'Thoyuroa lad, wot, tako them al} through, and it is no wondor thoy have como to grief, for justice is slow buy sure, Men who grow to Lo millionaives out of tho blood and tuxes of the people during a war for the life of the conutry, may fatten and thrive for & timo, but tho to-morrow whon thoy dia will surely come,—Rochesler (N. Y.) Union, —Juy Cooke & Co,, moroe than any other firm in tho country, stood as the ropresoutative of shoddydom—un unlucky outgrowth of the war, By the war, and with tho connivance of Governe wont omnlnlu, thoy nequired sudden woalth 3 and now thid sudden wealth lus ag suddonly flown awny.—~Dubuque (lowa) Herald, —Thoey will mako capitalists cautious, and mooushine railwny and other schomos of im- provemont rmuxlrhlg largo outlays will bo sus- pondod or thelr abandonment forced. 'This will not bo o calumity, as railway developmont in tho West {8 far ahond of the legltimate roquiroments of that section, and it is timo the brakes were put down,—Litlsburgh (Pa.) Eucu?n Teolegraph, —I'oweor rockless” vouturos will bs made in oonsoquonco of this losson, and mon will bo moro dispoged to livo within their means.—Erie (Za.) Dispalch, ' il 2 —Tho orash {8 novortholess auother warnin, to keop to legitimate buslness, and not bo lnfi astray by mreod for exoossivo waina. whioh als tho vast productivo powers of: mont always proven Lo Lo anignis faluus,—Port- land_(Me. A‘;guu. f s ~—It is cortaiuly shamotul that roputable firms and vast commorcial interosts shonld bo so Bm.{;lly at l.hlo mnnrtf;'i of o pl}uk dar r;tnnkifobblng gamblors, whom it 'is no slander to calf scoun- droly,—Jietroid Tribune. —It would soem to be Inoredible that at such timos thore should bo such exhibitions of furions oxcitomont—that won under the foar of pecuni- ary losses sliould, with one nccond, onact tho part of frouzied wmaniaca. The danger toltfo from fire, from robhers, or from & bloody rovolution would not produce such manifostatfons of dea~ poration and despair as aro shown in theso stiugglos for monoy, to makoe it or to save it, in that grent flnancial whirlpool which ia known 08 the Blook Ixchango.—Daylon ( 0‘2 Journal, ~—A monoy stringoncy must follow this groat panio, But” with ‘our tremendously-oxpanded curronoy, and with tho Foderal Treasury {ssuing now millions, nufihb money market cannot long continne, It will bo o little hard, for somo wooks, for pooplo to scrapo up monoy to pay dobts, But it scoms almost impossiblo that thoro should bo lmr (;ronc erlels, beyond thoso circlos which dealIn fanecy railroad stocks, bal- Joon entorprisos, and papor spoculations, TLogit- imato businoss ought not to suffor groatly, how- ovor bm.ll; tho gamblors mey bo winged.—Afil- wankes News. —1It {8 hardly possiblo that tho worst is over yot, though New York dispatchoes confidently as- #orl tho grisls pansod. Tho disposition of busl- negg ciralos will bo in favor of rotrenchmont, of cautiousness, and of keeping close to shore, for fear of moro financial brenkers, for some timo to como. Recovory will bo slow, and it is not improbable that this caution msy promoto fur- thor etringonoy and bring more failurcs. It fa nol a gaod timo to_provoko alarm, but it s a good tmo for all_dobtors and_ craditors to keo E:.’I’x;gl‘muuuu in ordor.—@rand Rapide (Afich., CANADA'S CORRUPTION. Cross-Examination of Sir Flugh Allan by tho * Royal Whitowanshors $ueilo Knows Very Kittlo, and is o Long Time Conconling the Facte=Parline ment Summoned for the 3d of Octo= bore-A 'Time of Refroshing Expecteds Special Diapateh to The Chicago Tribune, OrrAWA, Bopt. 22.—A long crose-examination followed 8ir Hugh Allan's narrative, but olicited nothing of particular importance, but rather par- took of an explanatory character. IHe stated during this oxamination that, in his lotter of the Gth or 7th of August to the Americans, his rofer~ onco to an agreoment was AN INADVERTANT BTATEMENT, 1lo denied that ho stated to McMullen that he bad lopned £8,600 to Macdonald and Hincks; Lo donied thnt ho had o conversation with Hincks to tho offect that Hincke would profer absoluto paymont to ultimate profit; he dented that Hincks applied to have his son provided with & situation on the Pacific Railway at any salary ; donied ever giving wmonoy to Attornoy- Ctonoral Quimot; he discounted n note of 4,000 for the Minervo newspapor, which thoy agreed to pay in advortimng ; doniod that there was AN INDEFINITE LOAN TO HINCKS; nover hoard of o promise to loan Langevin £26,000. Ho doclared tho wholo of ~ the conversation reforrad Lo by McMullen as to his stopping his ndvancos of money whon bo- twoon $150,000 to £200,000 had been paid, and his subsequent payment till $350,000 wero ad- vauced was ixr:ipuuulhlu. a8 Lo was sbsent from tho Province during tho wholo timo, The wit- nown continned : Novor told the cashier ho would stop payment unless the whole Governmont sauctioned pavinent ; asserted that NO AMERICAR 1AD ANY INTEREST IN TIE CANADA PACIFIG Compauy, direct or indirect, and he never took stock iu his own name a8 a cover for Americans, Ho could give no_doefinito statement of the con- vorsation held with Hincks, but gave it in gen- ornl terms, 1fo was induced by Hincks to uader- tnke the coutrol, but recoived no oncouragement from any other membar of the Governmoent, 1o considered Sir John's telegram of July 26 as tho basisof un arrungoment to bomade ; ho con- sldered it diflicult to say WIAT CANTIER MEANT by the words * Ontho same torms.” Possibly ho meont on the same terma and conditions ng tho amounts _written by me at the foot of my letter of tho 30th ult. 'Tho witness was recoup- ivg, snd supposed Hincks monut he would puy him back. Ho was not aware that tho Governmont oxercised any influence in gocuring him the position of Prasident of the Compauy. His motives for supplying money were various, but partly in his own interosts and partly on_account of the dovelopmont of the country, Ho snw plainly that it was T0 I INTEREST TO SUFPORT THE GOVERNMENT, who were his frionds. He did not know lhow the monoy was distributed ; ho did not believe that any of tho monoy ho advanced would be paid back; Do hiad required that sums of monoy do- manded by Crctlor should Lo submitted to writ- ing, 8o 08 to havo some nuthority for what ho :‘H\lfl goiug to pay out, and to know what e was oing, A OURIOUS COMBMISBIONER, In the course of the examiuation, a Commis-~ sionor put this question, “Well, you say you signed no agreomont, Were you aware that any eyrecmont that Sir Goorge f}nr(iur might sign would not hurt the Government 7" thTO? which Allan answered : I was awaro of at.” € Witness, whonshown the letter of the30th of July, on which were two handwritings professed not fo know _oither, though it waa sigied at 12 o'clock on that day. After a fow questions from Sir John, tho witness was dismissed. OTHER WITNESSES ON THE STAND. The Ion. Abbot wos called. Hia evidonce, directed by questious from the Commis< sionors, was almost wholly confirmatory of Bir Hugh Allan's, Another witnoss in the person of Blumbnrt, was called, and tostifiod = that ~he lkuow mnot why he whs called nor did he know anything of the mat- ter concerning tho investigation, 0 acknowl- odged holping the Ministorial candidates in throo counties lnst year; but they were all dofeated, becauso thoy-did not have enough money. Thoe gronter portion of thia aftermoon and avening wus ocoupled withy roading and correot- ing tho dopositions of 8IR JOIN A, MACDONALD. e made a slight chauge with reforonce to his rovious atatemonts that McMullon did not show im lettors on the oceasion when ho called upon tho witness. Ha corrected this by saying: o did not show mo papers o that I could road them, Heheld up o paper and said, do you know that hondwriting, and I recognized Sif Hugh Allau's handwriting, The witnoss was discharged without further examination, aud the Commission edjourned till to-morrow, 1t is thought THE INQUIRY WILL HOON TERMINATE, as fow of tho witnesses are supposed to have had auy closo conneotion with thoe chief partics to tho chargos. 'The recont revelations have had o perplosing effoct upon Ministerial supporters, aud the using of funds to carry elections cannol b adwmitted s the plea so successfully mnintain- od in the Houso of Commons., Ono’ thing ap- pears very cortain—that Parlidment will bo catled n&mu to Inatitute another and ‘sonrching inquiry iuto the diepasal of the largo sums dis- bLursed by Mucdonald, Langevin, Carlier, and other mombors of the Governmont and tho Housa, to usecrtain to what extent the indepeud- onco of the prosont Houso Las been vitinted by TIE ORGANIZED GORRUITION OF GOVERNMENT leaders, It in ,also now considerad evidont that tho Inferior members of tho CGovernment wero Lopt in wecrot of the doiugs of their loadors, Now that thoro {8 o progpeot of the conclusion of tho labors of the Commssion, speculation is rifo oy to what course will be adopted. It is probublo that THE ROYAL WIITEWASHENS will submit evidenco to the Iouke, and that the Quvermuont, relying upon carrying its adoption, will huye Parliumont summoued &t ouco. 'The Opposition will take oxceptions to this disposi- tlon, and move tho construction of another Parliamontary Committoo, which will Lo a direcy oxprossion of want of of confldenco in Governmont. How such may rosult, romums to bo soen; but with tho pre- vailiug boliof of guilt bore uud outsido in Great Britaln and _the United Statos, tho result'can geaveely Lo doubted, 2 TATER, Tha Governor-General has issuod his procla- matlon couvening Parlinment on the 23d of Oc- tobor eusuing for tho goucral dinpateh of busi- oy, INDIGNATION MEETINGS, Syectul Diapateh to The Chicago Tribune, Tononto, Hopt, 23,—1'wo more Pacitio scandal indignation meslings are wnnovuced—one &t Wout Llgin, aud the othor at Magorn, e THE INDIANS. An InsignificantScont, and 1ts Incon- sidorable Consuquonces, Fort LAnaMiz, \\’{; Hopt, 22,—Oapt. Egan, of Company I, und lout. Alligon, with Comt pany I3 of the Bocond Cavalry, returning from Fort Fottoruan, struck an Tudian trail on tho STorsoshoo on tho 19th inat, and followed it uearly 70 miles. On tho morning of the 20th, thoy ran Into an Indisn camp, on the North Laramie, and eaptured ning ponies and ro-cep- tured Lwolvo Liend of cattlo Lolonging to sottlors on tho Babilo, Thoy also eaptured two gums, 100 Houry eartridges, nine snddles, fifty palr of moceasing, jorkod-mont, oto, Tho Indiang og- capad into the hills, thongh only three of thom woro mounted, ‘Uho cavalry had ordors, not to firo unlesn fired upon ; not a shot was fired, It waw supposed that the Indians out the telograplt :’Ino botweon here and Fort Fotlorman yostor- 8y, WASHINGTON. Croely’s Bnck-Pay Oreditors nxe Clan What Congress V! Grab on Rensrcmbhing--Succesnors to Elarper and McCook. Special Dispateh to The Chicago Tribune, ‘WasnoToN, D, 0., Bopt. 22.—~It i roportod that tho partics who alloge that thoy woro boaton out of soveral thousand dollars by John V. Crooly, o momber of tho last Congros, from Philadolphin, who disappeared sbiout o yoar ngo, and has not sinco boon heard from, intend to make an offort to romuncrato {thom- solve Dby obtalnlng in soma way or other tho salory and baok pay which are duo Mr. Croely, 88 o momber of Congross. Hia_salary for o number of montha aftor ha absconded, ng woll a8 back-pay for the autiro Congross, ara sald to bo standing to his oradit on tho books of the Borgoaut-at-Arma of tho Ilouso of Ropresontn~ tivos, and, should the parties alluded to bo suc- cosaful in their oh{‘eut, itis not at ol likely that an, luTlus over tho amount duo them will ba lott to Crooly, bocauso thore uro othor debtora and interosted partion who will oagerly oudeavor to got tho romaindar, (7o the Assoctated Press.] THE DAGK-PAY STEAL, ‘WastrNaron, Sopt, 22.—TFho probabilities ara that Congross will tako hold of tho back-pay question immediatoly unon assembling, and pess 6 law reatoring tho 96,000 a year and milange arrangement, with porhaps a nominal allowance for postago In liou of the franking priviloge. A rominont Bonator, who has oxamined the mat- or thoroughly, and obtatned an accurato idoa of the publio sentimont towards tho back-paystors, oxpreasos tho conviction that nothing short of a rnfimnl of the law passed by thoe last Congross will be accopted by the now’ membora, who will number about 100. Added to thew will bo the support of all who have roturned their back-pay, aud all who have folt tho prossure of the publia sontimont on the question, such as But or, of Maasachusetts. It is ovon prodicted that an'at- tompt will bo mado to lowar the componsation ta #4,000 por annum, or establish & per diem rate for tho timo a member is actually engaged in logislation. Thoro will bo_many advocatos of the latier provision. The back pay already gong willbo considored s dead issuo, oxcopt that mombors of tho next Congress who recolved back pay will fool lwmsued to roturn it a8 o sort of opology to their constitusuts. Thero will doubtlesi bo an offort made by tho disgruntled to restoro tho Prosident’s ealary to the old standard, but it is not bolieved that it will be successful, » ORIME IN TIE UNITED STATES, In respouso to clreulnrs addressed to thom by tho Department of Justico, the Clorke of 1,400 of tho 2,449 counties of tho Union hava forwarded to Washington the statistics of crimo, nativitics, and torms of sontence relating ta risoners in thoir respective jnils on the 1st of anuary, 1878, The Wardons of all the Poniton- tiarios, oxcepting thoso of Alabema, Arkausay, Orogon, and Tounesseo have responded similar- ly. From theso an ontirely new thing in crimi- nal statintics will be prepared by tho Doparts ment. The Bow Ilungry FOLLOWING APPOINTMENTA have beon mado : William P, Thompson, of Tde~ ho, Registor of Land Ofilco, Boiso City, Idaho Oscar Whitnoy, Socrotary'of the Werritory of Dakotn, vico Gen. B. Sporry, of Winconsin, Agont for tho Iudinns of Fort Borthold Agoney ; Jonathan Merriam, Collector of the Intor Rovouno for tho Highth Iilinois Distriot, vice Harper suspended. DISTRICT CORNUPTION. In an mtervies with Dr, Blake, this aftornoon, the President snitl thero Lud Lesi much talle of corruption sud stealing in the District Govern mont, and lie had selected Dr. Blako, knowing him to bo one of tho mokt consciontious citizens of Washington, in tho liope that if anybhin wore wrong it would be promptly ferroted out and reported, SPORTING MATTERS. Thoe Prize-Ri =The McCoole-Allon Fight To=day--Another Challenge, Special Dispateh to The Chicago Tribune. 8r. Lous, Sept. 22.—Contrary to expactes tion, tho virtuous authorities of tho city and county of 8t. Louis hnve bestirred themsolves, with a view to preveuting the coming miil. Mec- Coole was arrested last evening at his training ground and takon to tho jail, whoro ho spont tho night. Allen was not to be found so ensily. Ho hiad loft his training quartersou the Olivo atreot rond, but was unceremoniously pulled.out of bed by the oficors at an early bour this morning at the Hunter retroat, o humbloe Lostolry just below Jefferson Barracks, Doth bruisors “wero takan bofora Judgo Colvin, of the Court of Criminal Corroe- tion, and put under bonds of 1,000 not to fight in Missouri, Having aftixed thoir bunch of fives to tho lognl document, umfi skipped off to parts unknown, and bave kopt themeolves searco ovor sinco. Tho fight, howavor, thoy say will posi- tively como off as advortised, tho boat leaving at 8in fhe morning, or about thnt timo, from Nast 8t. Louis. It i now said that it will tuke placa somewhero up tho river, not far from Alton, but this may or my not Do true, It i8 supposed that tho Illlinois officials will bo on the alert, and overy effort will consequontly be mado tokeop themin the dark. No ona thinks now that the utmost vigilanca of tho Bheriffs and Constables will stop the mill. The principals aro supposed to bo mnear the ground already, Tho' polico are laoking for them overywhero with n view -to o secoud arrest, but without a shadow of success. Nover bofore wero the fancy of St. Louis in such a flutter. The frieuds of the partios hnve lost their overweoning coufidence, and in view of the, splondid physical condition of the prin- cipats, condescend to bot even. Only a tow hune dred dollars have been put up o far as known, ‘Ihe following are the oflicials of the ring: John Scott, stake-holder ; Jack Looney, man- sger; James Egan, nusistant manager. Iat Coylo, It in ald, will Yo roferce, and the uports intimato that he won't standany fooling, Every. body is pmll{ sura thero is golng to bo o fight, and the opinion provails that it will be an ugly ono, A Now York friond of Coburn is in the city. 1lo visited Allen's bach r, and of- ored to matoh Coburn ngains. him for #2,600 o sido, tho fight to_ tako placa hatf wui“ botween St. Louis and Now York, Allon's backer ‘thought that was too much meoney, but offered to put up a forfelt of £230 ta fight for 31,000 a sido, tho fight to como off within 200 miles of tho city. Whon Allon heard of this, ho authorized his backer to nmko n match, wliothor ho wine or loses in tho two milla pending, to fight Coburn, eithor in Canadn or u_e‘iu- Now Orleapg, for from §1,000 to 35,000 a side. ase Ball. PinrApELPMIA, Sept. 22,—Bago ball: Philadel- phins, 14; Athlotics, 7. . ST. LOUIS. t Goes Through srating Postmaue= Mr. Croswoll’s Age the Form of In ter Filley’s Roto: Speciul Dispateh to The Chicago Tribune, Br. Louis, Sopt. 22,—Wilson, Mr, Oreswell's agont, hag coms aud gono, huving mado n moro farce of his investigation of tho chargey ngninst Mr. Filloy. o saw fowof the nssessed clorks, and thoso not roally the onos he should have goen, ‘Thoso who resigned or hnd otherwivo ox- prossed their dissatisfuction with tho foreed contribution, he would not have met at all un- loss thoy had goua voluntarily to soo him at his quartors at the Ylantera’ Ifouse. As - to tho Dblank resiguations, ho would not touch the matter ot all, suying thay ho only came fo fuvestigato the b por’ cont os. sossmeont, 1o interviewod a fow morchants, who told bim that Filley had mado a good Poste mastor, aud thoy thought ho ouglt to bo for- given, Wilson, boforo departing, pave the im- prousion thut pardon would bo grauted in cons sidoration of pust umz:lmm{. Mon of all partios are highly indignant at tho palpablo offort to covor up and exouso 80 grave an offonso. Mr. Oroswell s himwelf scveral times in past fcura ontou Mr, Filloy's diners. Henco tho tonderness, + SHOEMAKERS’ STRIKE, THRILADELPIIA, Sept, 20.—The custom jour~ neymau shoemakors of thia city aro on a strike, It apponvs that somo of the shops have rofused to pay tho rogular pricos agrood upon sowme tima sluce botween omployers and employcs. The shops acoedivg to tho demand are in oboration,