Chicago Daily Tribune Newspaper, September 25, 1873, Page 4

THE CHICAGO DALY TRIBUNE: THURSDAY, SEPTEMBER 25, 1873 P . —— TERMS OF THE TRIBUNE Partsolay T provont dely aud wmistakos, bo aure an kivo Post Cftico nddresn in full, including State nnil County, ‘Ieemittancos may bo mado ofthor by denft, oxpross, Post Ofhwu vider, orm registored lottors, at e riske TENNA TO CITY BUBBCULLE LS, Tuily, dolivered, duudny excoptod, S cante por wook. Leily, aclivered, Sununy included, 20 conts nor wook, Addiens PHE TRIBUNE COMPANY, Cornor Madison su Deartiorn-sty., Clucago, 1l TODAY'S AMUSEMENTS. HOOLEY'S THRATRE-1 olIoOLEY:S T Bandolph stroot, botwaon MoVIOKER'S TIIATRIZ~Madison stroot, batweon Doacborn and lato, ** Inmolntion,’ ADEMY OF MUSIO—ITatated sfreat, hotsoon Mad. A Moniae, " Kogagetiont of S D. B: Bowork R0y Tobsart. AKEN'S THEATHI-Oornor Wabish avonuo and Harrison straot, ** Thioves of Bagdad.” EATRE—Despininesstreot, botweon Mad, o ?‘v‘lfi.’.‘fifi‘.‘. **{ituoibaok of Notro Damo." botwoen strogt, W Dol ‘Minatroley e Bhatas Abuts Now Dolnbuort Desrborn And and cumloalitice BUSINESS NOTICES, INSTEAD OF BITTER, o0 e quinan: TAVANA LOTTERY—WI SOLD THIE 850,00 1N Ing, Apri), Olrculsrs shnty flfx&fl‘lfi:&?"{' 7 o "f{,m‘?“ixuz.téo., T Wil ats o ow Yor) ATCHELOR'S TIATIR DYR, —THIS SPLENDID bairdyo Is tho host in tho world. Thoonly truo and per foct dyc, Harmloss, roliable, and instantancoue ; nodinap- ofntmont : no ridiculons tints or unplensant ador. Ko Sic thio il eifocis of bag dycs and washes, Produicos lie cdiately a superb black or natural brown, and loaves tae Enir glean, ]nolt. snd bonntitul, "o gontine, signed \. « Enteliolor,” Sold by all drugglsts, C # BATOHET O, Drowrictor, N. ¥. “SVAN sOIAACI, BIEVENSUN ¢ REID, Agonts. The Chicagy Tribune, Thursdny Morning, Septomber 2B, 1873. Crop roports for September, roceived by the Dopartment of Agriculture, presont a comploto summary of tho whoat crop for 1873, Thoro is & mnnifost improvement in the yield of Minne- sota, Wisconein, Missouri, Ohio, Kansas, Penn- sylvania, and Now Joraey; in Illinois, Tows, and Michigan thoro is littlo difforonco from the crop of 1872, while California and Indinns have been less favored than last year. The Com- missionor of Agrienlture bolioves that the do- crenso of yiold, in nearly overy instance, can bo traced to the want of intoliigent cullivation, Thoe Republicans of the Stato of New York, asgembled in convention at Utica yesterday, passod tho usunl stercotyped resolution de- nouncing tho salary-grab. Othoer resolutions woro also adopted, in which it is declared that legislative bodies ought not to meot aftor thoir successors have boon choson; and that pro- visions should bo mado by which the whole record of members of Congress and the Stato Logis- Iatures should bo exhibited to the country boforo tho holding of elections in which thoy are con- corned. ‘Tho -platform, as finally sdopted, con- tained o tompernnce resolution, and ono favoring chenp transportation, with & view to which the Couvention would have the caual tolls reduced to the lowest rates. Francis 8. 'Thayer was nowmi- nated for Bocrotary of Btato, and Nelson K. Hopkins for Comptroller. Yesterday will always bo remombered as o aoblo epoch in the financial history of Chicago. Vhile the Now York banks found it necegsary to Fitbhold the currency on largo domands, snd there wore failures and susponsions o wany of the large cities, Chicago pasred through without o scrateh. The banks rro transacting their businoss as usual, tho bal- ances wore oll ndjusted in the OCloaring-Houso without tho use of certificates, fow checks wero thrown out anywhore, and thoro was & botter feoling bu tho busiuess community then thero bad been at any time sinco tho panic set in. There has not been what could be called a run on auy bank in Chicago,—not even on any ono of the savings banks. The Board of Trado has ‘been open every day, and not a singlo failure is reported. The grain trades have boen largely closed up, and tho balances paid in money. It I8 o showing of which Chicago may bo proud at this time, and & good indication that the storm will pres ovor our heads, A briof year ago, Mr. Honry Clews, the ex- banker, nddressed the first political meoting of tho Presidential campaign In Now York City, sud in tho course of his speech depictod the droad- 1ful financial condition of the country which must ensuo in caso Mr. Grooloy were elected DPresi- dont. As 1t bappened, Gen, Grant was olected Prosident, and Mr, Hoory Olows is now flat on his back in tho midet of a panic quite equal to the ono which ho bad conjured up in the emer- goney of Mr. Greeley's elaction, The logic of all this gues to show, evon putting the matter in its most favorablo light, how much Mr, Houry Clews knew of what he was tnlking about, and ‘how much nonsonso may bo uttered by banker- politicisns who hold the Governmont deposits and deseant upon the unsound fiunncial views of their political oppouents. Tho fact s, that Jay Cooko and Ienry Clows have been long known to almost everybody except Boutwell, Richard- gon, and Grant a8 a pair of flnancial shysters. They have derived thair chief couscquence and poswer for mischiof from their Government con- nection. Nime-tenths of all the people who have intrusted money to them Lave doue so because tho Government did. The Chicago produce markota wore again very weak yesterday; but grain was activo, princi- pally in the sottloment of outstanding contracts. Provigions were nomiually unchanged at $15.50 @15.00 per brl for mess pork, 8o per Ib for lard, T96@734c for shoulders, 8}4@8%c for short ribs, 83{c for wshort clear, and 9@llc for swoot pickled hams. Highwines wera inactivo and nominal at 91@920 por gallon. Lake froights wore dull, and 2¢ lower, at 8o for corn to Buffulo. Flour was active and casier, Whoat was active and 6}¢@8}do lower, closing &t 00c cash, and #1,00 scller Ootober, Corn was netive, aud 8¢ lower, closing ut 81c cash, and 80940 boller October, Oats wore active, and 20 lower, at 250 cashi, and 270 sellor October. Ryo was dull, and 20 lower, at 600@G0}¢e. Barley was active, and 7@10c lower, closing at $1.05 for No. 2, and 86@800 for No, 3, Tho cattlo market wag dutl and weak, shippors boing unable to pur- shase, owing to tho condition of the money- market., Bales at $2.95@5.90 for common Choro- koo cows to oxtra choico ateors. The hog-mar- kot was also dull and easy, at 84.26@4.00 for common heavy to cholce light grades, Tue platform adopted, yestordsy, by the joint convontion of the Liborals, Democrats, and Ro- formors of Wisconsin was, in the main, a very good document. In terse English, it declarod independence of old corrupt partios and of the dictation of profossional politioians; roaflirmed thio dootring of Thomaa Jofforson, that it is the provinco of govornmont simply to rostrain mon from iujuring ono anothor; insisted upon a de- creaso in tho numbor and componsation of pub- lic oflicors ; denounced proteotivo tariffs ns dam- nging to producers and consumers alike ; and pointed with eatisfaction to the fact that tho country has jails, und ehould uso them for the Lenefit of biibo-fakors and persons who abugo thoir oflicial trusts, Asan offset to this arrnignment of the party in powoer, the plat- form snys too much of tho improvement of tho Wisconsin and Fox Rivers at public oxpeneo, and approves of rotation in ofice, a8 & meglocted right of the avornge citizon. William R, Taylor, of Dane County, was nominated for Governor ; Gharlos D. Parker, of LaOrosse, for Lioutcnant-Gov- ornor; Fordinaud Kuohn, of Milwaukoe, for Tronsurer; Potor Doylo, of Prairio du Chion, for Boorotary of Stato, and A, Scott Sloan, of Dodge Couuty, for Attornoy-Goneral. — THE BITUATION ELSEWHERE, Yestorday openod with a feeling of stupefac- tion rather than of panio in financial circles throughout tho country, The New York banks bold meoting early in tho day, and resolved to mako o furtnor issuc of loan certificates to the smount of $10,000,000; to sask tho Becretary of the Treasury to anticl- pato tho redemption of bonds coming duo Jou. 1, 1874 ; and to stop paying large chocks excopt through tho Clearing-House, The last resolution was at first construcd as a virtual susponsion on thio part of the bauks, and pro- duced an unfavorable feoling ; but Inter in the day it was conceded to bo a wiso procaution, as tending still furthor to economizo tho uso of groonbacks, whilo satisfying nlltho demands of n condition of solvency. Checks of manufacturors and others having to moet psy-rolls of omployos were paid in groonbacka as usual. In this way the dny was bridged over without any bauk fail- uro, although tho privato firm of Howes & Macy fniled to open their doors. This is one of the largost bouking firms in Now York, It is bolioved that their suspension, unliko that of Jay Cooke and Honry Clews will bo only tem- porary. The Union Trust Company announced that thoy would pay dollar for dollar, and that tho dofaleation of their Becrotary was only £400,000. In the aftornooon s much bottor fecl- ing oxistod both in monetary and trade circles, oud tho impression provailed that tho panic was over. Auction sales of stocks wero mndo on the Real-Estato Exchange at botter prices than the closing streot quotations of the previous day. The grain and provision markots wore stognant, by resson of the im- possibility of solling sterling exchango. A bogus dispatch waa sent out early in the day to tho cffect thot all tho Baltimoro banks bhad susponded. Our spocial dispateh from that city shows that the only failuro thore was thatof n privato firm, deallng largely in Chosapeako & Obio Railroad bonds. The roports from Boston, Hartford, Philadelphia, Richmond, St. Louis, and other citics, are oucournging and eatisfac- tory, The only financial trouble abroad is the suspension of tho firm of Clows, Habicht & Co., London, and that of a private banking houso in Borlin, THE SITUATION AT HOME, The Dbusiuess password of the day should be “'Torbearance,” Tho outcomo of the presont financial panic depends upon the oxtent to which forbearanco and moderation shall provail. Tho tendency in times like theso is for every man to look out for himsolf aud devil take the hind- most. If this foll spirit can be kept back, nothing can seriously impair the present pros- porous condition of tho Northwest. Aund, in avory ovent, tho West will still bo the granary of tho world aud Chicago the principal storchouse, Speculating bankers may suspend, mooushine railrosds may bo stopped, stock bubbles may burst, but people muet have broad to cat, and they must come here to got it. Even in tho present stringoncy in the Neow York money-market, and though the panic hos had a duration of less than & week, monoy is coming forward for grain. Ouno express com- pany brought half a million of currency into Ohicago yostorday. At this season of the year, tho movement of curroncy is necessarily to tho West. The farmers can woar thoir old clothes, but the world must have breadstufls and provis- fons, If wo chooso to demand dismounds aud rubios for what we have to soll, we shall got them. Horo is & aubstantial basis on which our peoplo may reposo their confidence, Nothing but o sprend of tho uneasy fesling occasioned by the Now York troubles can bring sorious mis- fortune for us. It rosts with the pooplo of Chicago thomselves to subduo the excitomont or fan tho flames into fury, Wo Leld our boads up undor & ton-fold heavier ealamity than tho prosent omergoncy can possibly bring us. Wo saw from $160,000,000 to §200,000,000 worth of proporty converted into smoke nnd ashes within two days, yot wo went on with now vigor, fresh impulses, and higher ambition, Nu such vieita~ tion has come upon us in this instance. There lins been no great firo ; thore has been no fail- uro of crops ; no war, postilonco, or famine. Thero is just as much money in tho country to-day am thore was six montha ago. Bomo of it hns been withdrawn from circulntion and locked up in vaults, but it will como out again beforo long. Our banks are botter off, as a whole, than any othora in the country. New York City was more shocked by a falso rumorthat tho Chicago banks had susponded than it was at anything that happened on tho spot. Tho sccuritios in which our funds aro invested at the prosent time ara’ the best in the world. Thoy consist mainly of grain-receipts, almost altogotlior of vouchors for commodities of staple value, safely stored awayand amplyinsured. What bottor collaterals could bo found? As a matter of course, they aro not instantancously convertible on demand at such a timo as this, bui, unliko fancy stocks, their actual valuo does not de- croaso. Though tho nominsl price of grain may docline & fow cents, thoro I8 just tho same domand for it {hat thoro wasa wook ago, and it {8 worth precisely as much, - Tho de- prossion 8 slmply tomporary and sympathetic ; tho robound is absolutely cortnin, It 8 a duty which the people owe to thom- golves rather than to tho banke to press tho lat- tor as littlo an possible ir the prosont omer- goncy, Aro they afraid of losing thoir doposita? ‘There {8 but one way that thoy could certainly lose them (or lose thom temporarily), and that is by crippling tho banke aund forcing thom to snorifico thoir socurition, Are they in noed of | mouoy for the transaction of business? Thoy can got that much without difoulty, but they cannot all of them got all thoir monoy at once, aud, if they could, they wouldn't know what to do with it, The malu purposcs of bauka are; (1) Mo proteot monvy from destruotion, or rob- "son willing bory, for thoso who Lavo no moans of thelr own to place it boyond theso dangers; (2) to facllitato commorcial oxchango; snd (8) to onrn a falr interost on capital that would otliorwise be idle. No logitimato banking-house goes boyond theso purposes, aud nothing has yot ocenrred which can endanger the eradit or ro- sources of legitimate banking-liouscs in Chicago. Evary intolligont man knowa that it is impossl- blo for p banking-houso Lo pay on domand all tho funds doposited with it for safo keoping. To do this, it would bo necessary to keop all those funds {n n vault at all times. Tow could tho ox~ pensos of tho banking businoss in such case be dofrayed ? It ig porfectly idle to supposo that banks, any more than merchants, aro going to Iot thoir money lic unemployed. They must ueo it, and as & gonoral thing they lond it to the vory men who deposit with them, so that tho bank is both debtor and creditor to the dopositor. Tho dopositor has tho advantago that what i due from tho bank to bim {8 payable on domand, whilo what is duo from him to tho bank is payable at & dofinito timo. If the dopositor takes advantago of this clroumstnnce in a timo of excitement to unnecos- sarily cripplo tho bank, he should bo **spotted™ a8 an unsafo customor and 88 a firebrand in tho business community. If the people will keep cool, thoy and their businoss and their monoy will bo all right. Ohi- cago is bottor off to-day, in all its rolations to tho prosent financial flurry, than any other largo city in tho Unitod States. GURRENCY IN TIMES OF PANIC, Tho projoct of authorizing the Bocrotary of thoe Tressury to roceive intorost- boaring bonds at any time in exchange for groonbacks, and, upon thoe aurrondor of tho groenbacks, reatoro tho bonds, minua the intorest mennwhile, has beon frequontly dis- cussed in this papor. During the temporary stringoncy in tho fall and carly wintor of 1872, wo published and commonded & plan sketched Dby n banker of this city, which had for its pur- ‘pose to seoure clasticity of the ourrency. That plan was substantislly as follows : That Congroess should provido by law that any holder of $10,000 or multiples thoreof in any of the gold intorest-bearing bonds of the United Btates may rotiro the samo temporarily, at any of the S8ub- Trensurics, undor suck rogulations as may bo oa- tablished, and rocelve in exchange an amount of United States legal-tendor notes equal to tho faco of the bonds surrondered; and that, upon prosentation of a like amount of such notes at the SBub-Treasury, to rocoive tho said bonds, or thoir oquivalont in kind, less the intorost ac- crued during their rotiroment. That the Secro« tary of the Treasury be roquired to keop a reserve of 340,000,000 in logal-tonder notas, for the pur- pose of tomporarily retiring tho bonds, such ro- gorvo not to bo used for any othor purpose, and tho wholo amount of notes issued nevor to ex- cocd $400,000,000. This plan is free from the objection of incroas- ing tho public debt ; it is froo also from the ob- Jjection of putting in circulation an amount of greonbacks in oxcess of what the businoss of the country mny need. "It has in its favor the con- sideration that it would advanco the valuo of the greenbacks to that of the bonds, and to that ex- tont approximate to spocie veluez. Whenover tho country ncoded an iuterost-paying invest moent of tha highest security moro than it noedod the currency, tho latter could bo retired, and when tho country needed the currency, ag now, moro than it needed the bonds, tho Governmont would enve the intorest onthe amouut of the bonds retired during that time. Had Congross a yoar ago mado this provision, not confining tho privilogo to the G5-20 bonds, but por- mitting any bond of whatover fssne tobo thus oxchanged for greonbacks, it might havo arrestod the progress of the panic; it cor- tainly would have onsbled the solvent institu- tions to protect thomeolvos, and, by paying their debts, have protected other institutions from embarrassment. The amount of 5-20 bonds held by banks in this country is limited; thoro are, howover, 10-40s aud tho now 0s, e well aa the currency Gs, which might have been surrendered, as thoy are held more gonerally by institutions which, in times of stringoney, would gladly exchange them for greoubacke, The plan we have men- tionod suggostod that tho smount of logal ton- ders in circulation, including tho reserve, should never oxcoed $400,000,000; but this restriction is not ossential. Any por- to toko mon-interost-boaring groenbacks in exchango for bonds ought tohave tho privilege of doing so,—at loast until specio payments aro rosumed. The objections to an unlimited issuo of greenbacks do not apply to tho caso where there {s a surronder of bonds and a forfeiture of interost to an equal amount, it tho biolder of tho notos may at sany timo ro- turn thom and roceive bonda thorefor. Bo long as tho opportunity of funding non-interost-bear- ing ourrency in intorest-bearing bonds {s open to overy person, there will bano danger of an in- {lation of the currenoy, and the notes must of nocessity be of equal valuo with the bond. The Bocrotary of the Treasury has been en- denvoring to oxchange & por cent bonds for 6 per cents, If Congroes would sauthorize him tomake the new bs oxchangeablo atany time at tho Sub-Treasury for groenbacks, and lmit tho issue of grooubacks to tho solo purpose of exchange for such bonds, the new bond would Lave an additional value in the commorcial world, and the greenback would have a fixed ‘value which it cannot havonow. Buch & provision would not prevent the failure of institutions such as Jay Cooke and Ilenry Clows conducted, nor would it bo of any particu- lar value to them in an ‘omorgoncy. It would tond to make tho national bonds tho security in which the banking roserves would be in- vousted. It would havo a tondenoy to soparato the confldonco oporatora from tho real ond subatantial baukers, Tho jobbers and spoculators would, of course, con- tiuue to dosl in vislonery railroad and other fancy stocks and bouds, and would gam- blo in them &8 now, but, when thoy failed, they could not create such a general distrust as would forco tho solvent iustitutious iuto embarrass- monts from the moro {nability to convert their naseta Into ourrency. With & currency elevatod in valuo to that of tho national bonds, and that ourronoy avalluble to an amount equal to the in- voatmont in the national debt, thero can bo no such thing as a sueponsion from tho mere want of curronoy. Fallurea can happon then only from a want of capital. Thore is no way to prevont tallures which originato from that caunso. It I8, of courso, impossiblo to make this sys- tem availablo for the prosont panio, which has doubtloss already spent its force ; but, with tho expo rlence of the past as a warning, some such moasure might woll be adopted before anothor year is passed, In the meantime, thore is a romedy, and after all tho only roalone, in the hauds of overy man, and that s to retronch [ oxponsog, to draw nothing from the banks ox- copt what s actuaily nocossary, keop cool, and avold speculation. s ~ PANIO3 AND REAL ESTATE. Tho rosult of recont interviows between re- portors of tho Now York Tribune and tho prom- inont ronl-estato cporators of that city dovelops somo vory important testimony, an to the ulti- mato effoat of the prosent panio upon real eatate a8 on fnvestmont. Tho firat doaler called upon ropresentod that thoro was o gonoral fooling that productive roal oatato was tho only eafe security at this timo, and that the gonoral confldonce in it was not at all shakon, Tho socond firm statod that o groat deal of monoy, which durlug tho last six months had found its way into stocks, wes now golng into ronl oatato, and they had found no Doldors who had beon induced by the panio to goll, thoso having property to sell holding it moro firmly, bocauso thoy were confidont a groat deal of monoy would shortly bo placed in land, Tho third firm alao stated vhat thero was no dis- position among their customers fo sacrifico. Tho fourth party, who was largely ongaged in’ placing roal-catato bonds and mortgagos, testi- fled that, though traneactions might fall off, the price would remain tho ssmo upon improved property, as it was always productive, snd that tho tendenoy was to hold on firmly, A prominont Pino atroet broker statod that many of his ous- tomors, who had largo sumsin bank, had with- drawn thom for investment in roal estato; {hat thore waa an incroasing firmnoss in real catato, and o tendenoy to invost in it, and that it woa just as cnsy to obtain monoy upon bond and mortgago as it was n woek ago. Tho instances which wo havo cited aro fair snmplos of the roplies which wero givon in overy case. Tho tostimony was unanimous from all tho heaviest donlers in Now York that even thoso who were carrying tho heaviest amounts in real eatato had no disposition to scll, but only held the moro firmly s tho panio increasod. ‘What s stated above rolative to tho effoot of the present panic on real estato hes choracter- ized evory panio herotofore. The natural effect of a panio Ia to eauso monoy to flow towards the firmest security, and that socurity 18 offored by roal estate—not speculative schomos and lots located in swamps and wildernesses, but im- proved city or country property, which pays in- torcst on the capital Invested. Every panic thus far in the financial history of the country nas concontrated the attontion of oapital to improved real estato. Proporty of this class can't brenk, for, although trade may be dull and transactions fow, the prico remains fixed, for the proporty is still pro- ductive. Tho ronts etill go on even though thore mny bo no immediate disposition to buy the property. It romains more atable evon than Government gecuritics. The result will bo tho same in tho caso of the prosont papic. All con- fidence in stocks and bonds has been shaken by tho developments of tho past wook, It will bo very gonerally conceded, in fact, that tho utter fnsecurity of fancy stocks and moonshine rail- ronds hns beon demonstrated, and that noman in his sober senses will care to pour his monoy into this siove agaln, Capltal will goel more gonerally the suro investment which unimproved real estato offers, Instend of flying tho alr in balloons, liabloat any momontto burst and collapso, it will sottle down to the solid ground, where it is safe, suro, and produc- tive ; whore it ia slways not only a romunor- ative investmont, but an \}uuhnlluugud collat- oral, The dispatches from™ Ban Domingo indicate that anothor of the wild speoulations in which tho balloon capitalists of this country havo in- veated will soon follow in the footsteps of Northern Pacifie. Tho S8amana Bay Company does not appear to have made s vory brill- iont euccess 18 & Government. Whon the bartor had been concluded with Baez which virtually transforred the Island of tSan Domingo to the New York Company, wo woro told that thoro was a gonoral rojoicing smong the natives, who woro ready to rocognizo tho privato flag and share the magnifi- cont commorcial advantagos to which the Amer~ icans wero going to introduce them. Now we are told that tho people are rising, that martial law has been proclaimed, that one of Baez's loading Geonorals has gone over to the opposi- tion with 600 men, and that the cry of the revo- lutfonists is ** Down with Bacz and the Samana Bay Convention!* We apprehend that there will not be a very great demand for Samana Bay stock, and that somebody has paid Mr. Baez 8160,000 for one year's rontal, which Mr. Bacz will nover give back. Samana Bay stockholdors and Northern Pacific bondholders might, per- haps, trado s little among themselves in those dull times, e —— ‘Tho Ban Francisco Alla California snnounces an interesting ovent, in tho arrival of the firat place of baggago iu that city from Halifax, N. 8. Tho package waa gent on tho completion of the Provincial Intorcolonial Railway, from Halifax, ot 8 o, m., Aug. 14, arriving at Omaha Aug. 19 st 10 8, m,, whore, for some unknown reason, it was dotained until the 11th of Beptembor, arriv- ing in Ban Francisco on the 15th. But for the dotention in. Omaha, the baggage would have gone through in eight days, Tho baggage was cheoked No, 4,106, the number of miles from Halfax to San Francisco, It pagsed over oleven roads, and throngh thofol- lowing citios, at each of which tho time of are rival was markod on tho baggages Halifax, St. John, Bangor, Portland, Boston, New York, Chicago, Council Bluffs, Omahn, Ogdon, and Ban Francisco. Among the Intest returns from the panic are thoso which come from Little Rock, Ark,, which city, not to be behind the times, has got up a panic of its own which has no conneotion with Northorn Paciflo, Oooke, Olows, United States ‘bouds, or oven grooubacks, As near as wo can got at tho faots, Littlo Rock has beon issning shinplastors of somo sort on ita own account which tho merchants and bankers now rofuse to take, Inasmuchas city governments have no authority to issue shinplasters and mako them logal tondor, the banks and merchauts have done a vory sousibla thing in refusing to take thom, Noveriheless, haxiug a panio of its own, Littlo Rock {s undoubtedly happy. NOTES AND OPINION. The Philadelphis Tnguirer calla for tho bohead- inyg of Richardson, and the roturn of Boutwell to tho ‘Cressury, B —Thoe Madison Democrar, in discussiug tho question of “Railroads aud Partics,” ss now presentod to the pooplo of Wisconuin, ssys s The combination of the Mllwaukes & 8t, Paul and the Ohicago & Northwestorn Iallroads has destroyed competition, and left the farmora at the mercy of tlisie Heartiesa cofporations, The rates have boen incroased, and a tax of millions of dollars has boen levied uvon the fndustry of the Weat. Tlo local oficers of ono compnny Reck to Identify tliomnelves wilh one party, whilo thions af the othor sro Lrying to control tha oppos sitfon, Tu that way, thoy ek to gain tho nux\rnfl. of iho purty pross uud teal nway with thetr plumdor wmnumynopln aro fghting omong themsolvea ovor {saien thut aro dead, nud wlitch ought to bo burled, o« » s The formers must organizo in thelr own defonno, Thay muat discard old leaders, and nact o bnrmony for trus reform, They luve tha' power, and shoukl control the Government and put down ruys and monopo.fes, —Thoro {a no doubt that rates of froight on most railronds could be reduced onc-half, aud still pay n good intorest on tho nctunl cost of couatruction ; but tho groat trouble has beon in watoring tho origiual eapital by froquent and reponted lasuos of stocl, and on this aggrogato :;‘un froights ;nn(;t lim 80 Br{lmt\'untd N:l :o‘ dnunhlu 0 company to doclare n satisfactory dividend,.— La Orosse (Wis.) Itepublican. % —Tho recont crasl in Wall streot, croskers 88y, was occasioned by the agitation of tho rafl- road quostion. Common sense, howover, Bn: differont, . . . Then agnin, there wonld bo no agitation of tho railroad quoation hnd not the rallroad maguatos undortakon to make tho old mn} uofld routgla pay duubl{; rates, 80 na to givo vidonds on tho now and poor routos.—Ean Olairo (Wis.) Froo Press. . © ~—It {8 charged the farmers’ movement against rallroad monopollen haatenad this financinl orisly, by making capitalists timid in touching new bonda and even old stocks whon such a_genaral uprlsing of the puoglu againet rallroads mnde theso invostmonts dangorous, . . . DBut whatovor tho causo, ono result will follaw this cragh—now railroad outorprises depending on the salos of bonds must stop for the prosont,.— Rock Island (2Ul.) Union, —Tho action of tho *“bears” in the New York stock market in docrying the crodit of tho rail- ronds may havo hastened tho catastropho, but it is not likely that it could have been long averted in nny event ; tho bubble was blown, and it was liablo to burat at any momgnt.—Toronto Globe. —Tko orash hns ‘been sbundautly predicted. The wondor iu it hag not como oarlior. Its im- modiate causo is tho ratlroad fovor, Iis offects need not go much further than those closely conncoted with incompleto railrond enterprises. —Hartford (CL) Courant. —It will bo many a yenr boforo projectora of railroads through wild countrios, to be built with borrowed monoy, and wait for an indefinite timo for oarnings, will succoed in finttlng « dollar from sonsiblo men,—Ballimore American. —Tow peoplo_ realizo how hollow a thing a modorn railrond fs, In former times, the old- fashioned way was to form acompany, issuo stack, have it pnid for in cash, and uso tho monoy to build the rond. Lator and more improved methods have mainly suporseded this, and tho roads are now gouerally built by tho bondholders, . . . his niothod of building a road places it in thecontrol of those who have no interest in it except to mako ms large profits for thomsolvos a8 possiblo, Thoy have butvery littlo monoy at stake, and, whon “they have farmed outalltho profitablo franchisos, they will then hand over tho skoloton to thoso whoso monoy really built tho rond, nnd who will find it vory much like & sucked orange,.—Seranton (1’a.) Times. —Now, if thedo ontorprises wore conductod uponacasheystom—if thoroada were built by thoir projoctors with their own monoy—and if "those ‘who built thom could afford to sink their capi- tal until tho profitablo period arrives, not much harm could have been done, beyond such evil ns tho diverting of 8o much capital from logitimato and immediatoly profitablo business would causo. DBut thego ontorprises have mostly boon conductod upon crodit. . . . A fow cards bolug withdrawn from tho pastebonrd fabrie, down falls tho deceitful odifice.—Detroit (Mich.) Post, —Tho country at largo will sufler nothing from tho collapse of railroad bubbles too far dis- tonded, or the check upon speculation too wildly indulged—nny, will bo tho botter for it.—Albany (e ;;.) Evening Journal. —Tho truth abont tho matter is, that tho ab- sorbing capacity, both of our own country and of Eurape, in regard to railroad bonds, has been reached. , ., . That o crash similar to tho resont one was bound to come, has boon ovi- ont to overy porson who has stopped to think ofit, for monihs past.—Peoria (Il.) Transcript. —'ho gonernl arpect of tho crash is as liero- tofora presentod—the direct rosult of dissolute- ness iu public life and prostilution of govern- ment to morconary ends.— Rochester (N, Y.) Union. —Tho principal business of tho prosent Ad- ministration seems to Lo to mar that it may mend, to punch a bole in tho political porridge- pot that it may patch it with o nlumsY out, and declare it “ bottor ash_new,” Rcclfcss legin- Iation and lavish expendituro of publfc Iands lod to the Crodit Bobilier scandal and {ll the fuss which followed.—Davenport (fowa) Democral, —Wao hnva no rogrets to offor over tho down- fall of o fow finaucial gamblors, They doserve no bettor fate, and the worst thing against the Government now is, that many of thom aro the potaof tho Administration, or have beon.— Burlington (Towa) Gazelle. —The strong fellow-feeling at Washington for Wall street is not surprising. A Government that roflects the principles of political pirates and party tricksters might bo uxrucml to prove tho friend in need and friond indood of the moat postilont of all the tribes of gamblers in tho country.—New Orleans Times, —The storm las struck this firm and a fow others, and domolished thom, It will strike the systom of class logielation, of monopoly and speculation on which the Adminiatration is built, and wipo it out sooner or later.—Grand Rapids (Mich.) Democral, ZThe mighty powers oxcrcised by the groat corporations that havo stolen, through logistn- tive or Congrossional action, tho rights of the pooplo until they seen to cantrol the destinies of tho country, havo united to build up in the popular mind an undeflued but ever-presont fear, that, whonover o time of panic comes, reu- ders men unable to think.—1roy (V. ¥.) Press. t —In considering tho racont failures.of groat flrms and baoking concerns, o are not so much disgusted with tho foliywhich bas brought about Indiseriminato ruin by rackless railroad specu- lation, as with the evidonces of dishonosty which aro ovorywhere apparent. Nob nn institution goes down that hing not its rovalation of knnvur{, on tho part of oneor more of its officials, to make. A fow days of panic would _almost juiti- fy this doclaration in regard to Wall streot oper- ntors: *f Jvery one thut is not fool is roguo,"— Rochester (. ¥.) Democrat. —Thoro i nuch dishonesty oxiating with thoso mannging the financial affairs of the country. This cuufiltion of thinga has beon coming stend- ily on for yonrs, and it must have & conclusion, Our finances aro conduoted on a falso basis, aud, boing false, the result must bo false and “dotri- mental to general ivtorests.—Lawrence (Kan,) Standard, —Tlho morals of the people were contaminated with this insidious dieensc. "The best wore affectod and tho best foll. And whon this ac- cursad piaguo ind sproad wido and far, poison- ing tho vory blood of tho poople, it Locame a comparativoly oasy mattor for good wen to provo fuithloss to their trusts, until defaleation, peculation, and robbory among oficials aud guardians of the public monoys wns common everywhoro, until now an oflicial is looked upon with suspiclon, rather with ouvy by thouo who desire his position, that they, too, mny have bot- tor facilitios forstonling.—G'rand Rapids (Mich.) Demoerat. —How speedily o small puncture in the gas bag of paper cre&ic oxposes the wenk spots of financial folly. How quickly long-couceslod ombezzlomonts and dofalcations crop out. Great monoyed institutious, trusted Implicitly by mul- titudes, turn out, on inspection, to "be moro ompty egg-sholls. ~ ‘I'ho secrot grabs of Diroc- tors—the private lonus to gamblors—and the shortagos of clerksand employns, all come to light tfiun. And yot, amidst all this overturn of rascality and broken f{uith, there comes a domand for ronowed confldence.~St Paul (Minn,) Pioncer. —1'he financinl events of tho lnst fow days tonch somo valuablo lessons, Ono i that in the investmont of monoy the safely of the principal is of much moro actount than tho alluring bait hiold ont in tho shiape of a promiso of oxorhitant intorest ; and tho other is ** Don't spoculato,”— l'lniladelfihia Tedger. —If tho country ahall ho brought back to a consorvative flnancial policy by the accumu- Iated failures of laut woolk, there mny not be 8O nlmch to monrn aftor all.—Indianapolis Sen- tinel, —Wo prediot that tho burating of this bubble will bave a good intluonce in putting an end to gambling upon the business of the uollntr{, and that the failure of Cooke and men of his olaes will afford & lesson to tho monoyod men that will bo romomberod.—Mllinois Stale Register, —Instesd of the calamity being a pernianont ono, we are coufldont in tho beliof that the legiti- mate business of tho country is going to be Iargoly bonefitod by it, and that, too, within s fortuight,—Philadelphia Inquiver, —It isnot soilla wind asto blow anybody goad, and with prudence aud calmaooss the busi- ness community may find it ia no loser by the check tonordinato “railroad urnunlmh which hias for somo years ongrossod capital and divert- od it from the chanupls of productive industry. ladelphia Age. ~Tho shurpers aud idlors who have lived by ‘mors gpoculation, s;rmthng at sl the availablo funds offoring for loan, paying more for the use of money than ita fair markot value, aud divert- ing it from tho chaunoln of logitimato business to swell their gains by employing it in hazurdous operations, will bo swept outof the way with the dobris_of tho ruin thoy hava caused, and will loavo the fiold cloar for that propar entorprise | which alono can advanca tho natlonal prospority. ~New York Journal of Commerce. —It I8 o colosenl ovll that o atract of rockloss gamblors in tho commercial motropolls: ean plunge the whole country into disquiot and suxiobly.—S(, Joaeph (Mo.) Gazelte. ~If closing the Stock Exchnngesaved ao much diunslor on that day of excitemont, why would not it pormanent clore bo a blessing to the country r—~Adrian (Mich.) Presa. —The closlng of this inatitution and that kin- drod organization, tne Gold-Room, havo worked 80 woll for two days that wo take tho opportu- nity to suggost that it wonld bo woll i thoy wore Furmuuuntly closed.—Detroit Tribune, —It is 1ot to bo donied that an inflated cur- roncy has atimnlated spoculation, and that the oxtont to which tho speculative splrit hins boon carriod hns precipitatod this convulslon, We Lave alwaya fusisted that tho natural influonco of a dopreciated ourrenoy would bo to produco this rosult.—Bufalo (N. Y.) Ezpress. ‘Wo do hopo that tho porif of to-day will sorve a3 n worning that tho funasmontal principlos of financo aud oconomio sclonco cannot forover bo violatod with Impunity ; that an irrodoomable ourrenoy {4 not a safo hnsis of trade ; and that an_unliinitod oxtonsion of orodit is tho cortain ¥cunruur of univoreal insolvency,—Troy (. %) Times, —To this sourze [a plothora of irredesmablo apor mouoy} o may traco tho oxcossive spocu- ation in roilrond building and railroad ox- tonsion which has shipwrocked so many of the londing houses which have gono down in tho present storm. To tho samo oause wo may arcribo most of tho bronches of trust and do- foleations, of nlurmluglg froquent ocourronce among tho ofllcors_and agents of monay- od corporations, and that gouoral laxity of managomont and want of rosponsiblo supor- vislon ovor their affairs which have added snother oloment to the gonoral fooling of dia- ‘t’l:m:fim?‘l;g;loxhn m?fi Do askod, i (lihln evil to BUro nnunu.—l}alltmm-osun.’ BArin g %6 4t —What tho nation y tion of the curroncy thllTuda ls Bateady contras & paper dollar will buy & old dollar, Until thiy gnniuouu is mndo more m'“ll::’:nit oo, il lous, prudent will suffer a littlo, trnm::o‘)".ll:ul ?vli‘fl suffor agront deal. But tho last thing to do for gonoral rolief would be to violate tho lawe and fn" rendy s new and worso crisis by adding to ha cauees which have caused tho presont one,— Rockford (1ll.) Gazetle. IOWA POLITICS. Opcning of tho Campnaign at Dubuque ==The Democratic County Comnvens tione=A Ropublican Mcoting-sSpecche es by Gov. Carpentorand the Hon. M. E, Cutts, Correspondence of The Chicago Tribune, Dusuqug, Ia., Sept, 23, 1873, The party-leaders in Dubuque County sro at- tompting to onthuse tho masses with a burning patriotism, but party-fealty seems to have suf- fored from oarly frost, aud tho dear pooplo don't rally aa in timos past. Tho fall-campaign oponed, in this city lost Saturday. At that time, tho Domoorats, with shameful disrogard of tho re- cont verdict of the Coroner, tho Hon, John P, Irigh, Choirmnn of the lato Domocratio State Central Committeo, mot in the Court-House hero, and put in nomination men for logislative and county officos, The Coroner's verdict, that the Domocratio party in Iowa is dead, has nat boen approved by tho old-linors, But then it is hard to toll what a Dubuque County Democrat will consent to, At any rate, they met last Saturday a8 Domocrats, thoy awore ss Democrats, and wero nominated as Domocrats, and the only odor about the wholo affair not Democratio was tho tameness of tho procoedings. That proverbial lusty and musty interchange of blows and ideas of o Dubuque County Democratic Convention was almost wholly absent from tho crowd on Saturday. Tho Hon, B. B. Riohards, of this city, was renominated for Senator; but he oame within ono vote of being tied up by Alexander Andordon, a man with the odor of Rockdalo cloyer-blossoms fresh upon him; and it woa declared by many that, if Andor- son lhad come out a- fow days oarlior, o would Linvo had o seat in the Sonate cnuily enough this winter. Some almansc-makor started tho roport that Mr, Richards was in his soat in tho Seuate but three days last winter, and this ugly scandal came near killing him. e roceived tho odd vote, however, in s count of ninoty-ono, aud so goes back to his legisluting 8t DosMoines, if tho Ropublicans don't ordor it othorwlse, The threo nominces for nn{weaon!n- tives and the nominees for county oflices, ex- copting tho candidate for Auditor, hnd no hard strugglo to get indorsomont by the Convention, and, should thoy all got tho full Domocratic voto (nud tho prospacts for such rosult are bright as usual), thoy wiil be olacted, for the Juckson party has Bomo 1,800 majority in Dubuque County. Lnst ovening, tho Court-lfouse was quiotly filled up with politicians and othoers who were willing to listen to Gov, C. C, Carpenter. Tho Governor mado a soothing address, and loft the Ropublican party exceodingly pure, excesdingly bonoficont, nnd oxcoedingly solf-satisflod—in Towa, Ilo exprossed his plonsure at sceing tha gront progress in Luilding which Dubuque” had mado in the fow last years; ho saw in thoso im- provements a refutation of tho charge that the rulings of tho Ropublican party in Iows had not beon boneficout. Tho progross in Dubuqus was but an index of tho goneral improve- mont in tho State. Wo owo the Governor thanks for informing us that the causo of our progross has beon tho oxcellont ruling of tho Ropublican party. Wo had sup- posed thnt tho cnergy and ontorpriso of our citizens, rogardless of politics, which built our river railroad, was responsible for our ohanged condition, I'he Governor told ua that the chargo that all political parties grown old in power naturally be- came loss mindful of their obligations to the uoo{flo, wag wrong. ‘This is not, Lo said, neces~ sarily 80 ; it is not, eaid ho, & true and good thoory. All students of history will thank tho Govornor for throwing this ray of light upon the somewhat dark J)ngo of our country's political history. o eaid the Ropublican” party had shown 1tsolf anxious fo clear its ranks of dis- honest officinls. He stated in point tho caso of the Crodit Mobilior tiansgrossor; and he stated it, 00, in ull soriousness, Only think what a change hias como over our beloved “Governor sinco the days of tho Cincinnati Convention, when the Crodit Mobilior charges wore *'nothing but campuign lics,” And tho Govornor gavo us some moro conun- drums and considerablo pretly tall, and thon gavo way to the Hon. M. E. Cutts, to whom the audionca listouod with moro apparont interant, for his cut woro considorebly sharpor than the Qovornor’s,—n fact due probably to tho advan- tago which lio said Lo had of the Governor, in not boing a candidato for ofice. Mr, Cutts’ thrusts ~ at our lato Democratio party, though not in rapport with the wspirit of him who sbjured us to say nothing but good of tho dend, hnd at any rato littlo of the morit of {froshness, ‘They would havo beon lmflpy hits in the old Democratic days, sud porhaps thoy ought to bo called good here, since this slico of the Domacratic party hias gane back on its mor- tality. But what in tho world of politics can in- duce n Ropublican, with all hig ‘mty'u odium of manifold transgrossions, aud while its brightost mewmbors in Iowa bave boon refuscd the stump on account of thiat more recent back-salary ras- cality ; what in the world can induce & Republi- cnu fo got up in mooting aud talk of saving graco realized? And how can a romnant of tho Dem- deratic party attempt to galvanizo tho old hulk with lifo, with all its body of death clinging to it? Thoso questions the people, somo of them in Dubuquo, are propounding ; and they aro ovinoing a littlo disposition to move Io{wnrd. VESTER, R A Dentist’s Revengo. A ourlous story of a dentist's rovenge comon from Paris, M. Baudre, whilo roturning from o visit to a pationt, heard sounds of distress, and hastened to succor & Jorson who was lying ou tho side of the rond. This individual sprang up suddonly and rushed on M. Saundro, who knocked bim down with his forcops aud tiod his hands, Tho malefnotor soon recovered and neked to bo roloased. The dontist told him that 1o could only oscapo on condition that ho should snerifico a tooth, After some discuesion it wan agrood that tho tooth should be dolivered to the forcops, and the dontist haviug soated his vie- tim on & stono extracted an enormous molar by tho light of the moon, o e ¢ Andy ? Johnson, A Bouthorn gontloman, who was at Greenvillo, Tonn,, & short time ainco, tells tho following : A countryman ¢amo Into town last wook with a bundle of jeans, to have a suit of clothes mado for his negro. Ho saw Audy Johnson standing ou the ocorner, andsaids ~* Well, Andy, you usod to be the best tailor in theso parts, and I wish you'd cut out this suit of clothos for wy boy dimhorot . e AILTight,S sayy Aidy, aud they steppod into s shap noar by, and in fiye minutes an ex-Prosidont might have boon scon swinging round the oirclo of a dirty nogro, taking his lati- h‘ul& longitude snd boarings for a sult of clothos, RAILWAY ROBBERIES. The Deteotives on the Track of an Organized Band of Freighte Car Thieves, The Heavy Losses of the Union Star Linc Partly Ac< counted For. During {hio past year or two, tho managers of tho Union Blar Lino havo beon puzzlod by the disappesranco of goods from tholr cara while in transit, Thoy Lavo beou compelled to pay about $20,000 in that tine to conslgnora of gooda which have nover been rocolved by tho conslgneos, Dotectives from varlous citios havo been cmployed fo work upon tho matter, and havo beon in turn dafosted in thelr offorts to forrot out tho thleves, Mr, W, W, Chiaudlor, tho sgont of tho line in Ghlcago, hias beon very much porplexed bout the mystorious disappoaranca of tho proporty from tho cars, and has usod overy means ot his command to solvo the mys- tory. o waa for a long lima unsuccossful, and oven ROW, aftor ton montha of activo iuveatigation, doos not posscen that information which would bring the Tobibers to Justica, Last Mondsy s man named Miko Jones, sgod 22 yoars, was Lrought bofors Justica Danyon nnd chorgod with sloaling o box of olgars, Tho thoft wea mot so ordinary aa it appeared {0 bo, 8 tho box contalucd 8,000 clgars, It ‘was direoled to M, If, Mollonry, No. 053 South Olark streot. This box and ofght packages of fobaceo are xived at tho Lako Bhoro & Michigan Soutbern depot, on Baturday night, from Tolleston, Mtko Jonos was 4 passongor on tho eamo traln, A dotoctivo from the Gentral Pollco-Btatlon loy In walling for him and whon ha stoppod from tho care ho was taken Into custody, At frst {ho prisoner was very much offonded with the lborties tho officer took with bim, but Ainally consented to poaco. fully procesd toward Polico Headquarters: Tho clgara and tobacco woro taken In chargo by agents of the Btar Lino, and removed to tho place ta which thoy wero addrowsed, Tho residents of No, 951 Bouth Olark nirest rofunod to rocolvo tho proporty, saying that thoy wero not the porrons to whom 3t wag couslgmod, 1t wan, Uhsrofors, carriod baok to tho opot, and thonco taken to the gonorul off Upton Stac Lino, it 0 reanlt of Jones’ oxamination was beld by Justico Tanyon Lo, appent ‘bafors i mra Eridsy, In ball of §9,000, 08 atated in Tie Tainots of Tuesday hst. In tlio fucantimo, Dotective Shmunor hame boon making atrenuots ondeavors (0 find ot s Terain lexguo with Jones, Jto his beot, i o moss- re, nuccessful, rocelving considerabla m&"" e g : 44d from A, 1z TRIDONE of Inat Friday publislied an nce of tho excapwe, frow tho clutciies of Oflicer Ryau ory man dencribeil the report nn bolug red-baired, Mo eluded tho offcer - io tho express offico of tho United Sintes Expross Con: pany, No. 61 Halstod troot, It wan atated at that (s that on tho Tusaday provious & © lamo mun” broughe a packngo of goods to_tho axproas oflice, diretied to C.- Radmucher, No. 40 Wont Poarl mivects Cinclnnatl, It apposry that o fow dnys befors Nell Donnolly's atoro, at Woodstock, had been ropled of $1,800 warlh of goods, and on {ho Saturday night pravious Kingsbury's 6toro, near the corner of Tako and Wood stroats, hiad bocn robibed of 8800 worth of siiis oto, Capt, Lull soems to bava suspected that tha stoley g00ds wero being sliipped to Clucinmati through (e offico o Talated atract, o therefora stationed Ollicos Ttyan at that polnt, in tho capacity of a jortor. ityan £00k poaseasion of'tho box which tho *lamo min Tiad loft, and awaited furthor dovelopments, Tho day following his engagement as a porter, a tall fine-looking man, accompanied by & short, rod haired boy, dopositad thirea boxen tn fho samo oflico, ad- drodsed, lIko tho packago that liad been previounly lofty to C. Radmacher, Ryan, belloving that thy wers, (he peruons whom it was his duty to cateh, attempred to arrost both, aud fallod ! Whilo ho wa« followig. tig boy, the man esoaped throngh n rear window 1 tho oflice, 1f tho tall man had boen cuptured, ono of the most dangerous and auceessful thioves fn fie Westorn country would havo beon put out of harmy's way, AU this occurred a week ago yesterday, On'tha fole lowiug Friday, Dotoctive Dizon was sout to Cluciuati to make somo inquiries concerning tho chinvacter of Oy Taitmachor, of No. 40 Weat Poar] stroet, the cosiguce of the missing provorty. Afier i fow days! iuveatigan ton o found that Radmaclhor wan an ictioneor wha Tecelvad clieap property from whataver sonrco ho could get it, and awked no quostions, ~ From a closo “oxamination of hin stack, however, it was sscertained that ho was tho © fonca for b large numbor of Chicago_ thicves, and tho inves. Ugation was not puraued any furthor, Bluco It Fric day Dotectives Dixon and Siimonds Luve beon at work on the casc, 1t has been Jearned that Miko doncs, whosa nrrest was refarrad to above, proves to be a o torlous thfef known as “ Limpy Dick,” and bis Intle mato connection with the Wosdstock 'robipory. sou be provon boyond doubt, - “Thio robbers who bave so succowafully “ worked tho cara of tho Star Union Lino have operated chiofl upon tho Lako Shora & Aichigan Southern Rail. road, although othor Toads havo been vislted by thiem from timo to time, Tolloston, a sinall station in Indiana, well kuown 10 sportiug men, has beon thelr hoadqunrtera, Just bolow thin placo 1a & raflway crossing, whero tho robbers had o temporary re donce, and whore thoy would congregata for thely ralda upon frolght trains, which wera compellad by tho rules of tho rond to elop beforo ronching tho cross ing, Thoir pian of operationn wan to olther spllt open. 10 doors of tho litlo windows at oithor ond of Uro tat, or pry open the wido doors, This accomplistiod, thoy would romovo from fho car fho props erty thoy wanted, ond, after fhe train' had dopartod, convey it'on cortain hotol at Tolleston. The proprictor of this houso ias mot been arrested because the detectives faar that they huvo incorreck information concerning him. Day Loforo yosterday, o Dane who_Lius been n the émploy of tho hotel kegper alluded to wan arrostod, and §s now imprisoned o~ whore in this city, Mol held as a witness, Two dotoctives and Mr, Obandlor, of tli Star Tino, Liava beon at work 1n tho viclaity of Tolleston during thopast waok, but Inst ovoning returnad {0 hicago willie out effecting tho arrost of any othor members of th gang., Othor frolglit iuea of tho clty havo suffored roma 1o oporatious of the gang, aud lis destruction ould bo tho niost important celmiunl business that tho police bavo accompliatiod for & long tie, CANADA. 8ir John Young Appears in a Threcs Column Defense~Work of the Whites washing Commisuion Nearly Com- pleted. Special Dispateh to The Chicagn Tribune, MoNTnEAL, Sept, 24,~The Hon, Jobn Young hag published a threo-column lotter in the Herald, going over the wholo mattor of the Macdonald-Popo lettor aud Flour-Inspectorship, Tha Quebee Loglslature fs_further prorogued on ac- count of the meeting of the Dominion Parliament, A rumor providls Licre that G, M, MeMullen now fne tonds obeying the call to appear before tho Royal Come misslon, The sumo s said of onator Fost OTTAWA, Bopt. 24,—~Tho Royul Whils apparcntly nearly finished thoir job, Tho ouly wit- noss callod yesterdny wus George Norrls, but Lo was recorded 8a in defauit, It was nounced by the Chafrman that, except two gentlemen, Douald A, Smith, M, P., of Manitoba, aud Henry' Nathan, of Dritish Columbia, whose ability to attond was doubts ful, the list of witnesses originally furnished had heen gono through with, Genoral fvitation in now ex- tended to ouy one ubla to tesdify within the scopo of tho inquiry” 40" daso, The Conunission then ad- Journed, {To the Associated Press.) OTTAWA, Catinda, Sopt, 24,—Fred Marlin was ox- smiued beforo the Itoyal Canumisslon to-day, 1fo rafd ho wus the secoud-cousin of G, W, MeMullen, Know that McMulion and othier Americans wero ontering ins to neyotiations with Bir Hugh Alluu to securo tho Pa~ cifie i‘lxfl\ny contract, McMullen showed witnesa a Intfor from ir Tugh, and rend » purt of it, vomarking s “Sir Hugh 18 a tricky chap, hut we've got him so fust ‘with this correspondence that ho ean’t go back on us,” McMutlen did not mentlon the Goverument, or sny member of it, in connection with tho rallway, Mr. White, of tho Montroat Guzette, will bo called tov MOSEOW, BORDER OUTRAGES. Moxican Robbers Itetalinte on Citie zons of the Mexan order for the MeKenzie Raid =~ List of Murders und Robberiow of Iecont Occurs ronco. Duowsevire, Sopt, 24.—A sorlen of rohbories and grand snurders’ have rocently been comumitted on United Buaten citizens restding and_travoling on tho Mexlean border of fho Blato which scent {0 fndiesta that the banditt! svloct Amwricans as the victims, clthor as o rotulintion for Gen, McKonzie's rafd fute the Kickepoo camn n Moxlen, or becutsa tho nuthorie tiew aro %o unfriondiy to the Amoricans that such orimos can bo perpotrated without foar of punisli- ment, Within a short time, Mr, Montgomery was ate tackod, robbed, ond left’ for dend In lis house in Monterey, Josc Ravezio was beaton in hiw atore Gamargo, utd loft for dead, hia aseaflants betng dine covered fu timo {o provent a rohliory, The Pordie fawmlly were robbed on the highway near Ban Hernan. do, Aten, womion, and children invo been tled and left to etarve in an unfrequentod spot, Mr, Henders son and compantons were robbed, nud ono of thom Klled, Two Americans wore attucked and ono wounds ed ou the road near Marlua, nlcu‘phm only aftor a dese perate Aght, in which oue of thoir adsuflvuts was mor. tully wounded, - Dr. Haggarty was killed i 1in howss ot Aguslosgues, and tho premisea robbed, Tho pers potrators of theso erlmen woro arrested aud thelr guill chmrl{ eatablinhed excopt in tho Perdic nano, yat nol one of them was punished, the authorition boing cithor indilforont or power "Tlio fucts ivo been proven hefora the Undted Btates Consuls_ and sont o Washe ington, in thio hupe that redross will bo demanded, = OCEAN STEAMSHIP NEWS. Lrvenroor, Sopt, 24.~8lesmulips Victorla, Mosel, and Krou Prinz Frederick Wilhelm arrived out, New Yonik, Burl. U, —Arrived—Steamstup Ville de Havre, from Hreaf, QUEENSTOWN, Bept, 24,—Bteamebip Italy, from New York, arrived, New Yous, Sopt, 24,—Arrived—Steawers Callifory nda and Lrioaoria, from Glasgow,