Chicago Daily Tribune Newspaper, September 29, 1873, Page 4

4 Nyl ne S CHICAGO DAILY TRIBUNE: MONDAY, TERMS OF THE TRIBUNE TEIAR OF SUNSCTITTION (PATAT ¢, by ma) 2,00 | Sand PNt S 1800 | Woody 1ts of o yenr at tho samo rato, provont delay anu mistakos, bo sure and ive Post Ofcondilzess in full, incluling Binte and Connts, Ttomif any ho mado cititor by draft, oxpross, Post Ofiico order, or in registeroil lotters, nt our riske TENMD TO CITY BUBKCHINERA, Tatly, doliverod, Bunday excoptod, 2 conte por wook, ity aclivered, Bundny fncluded, 10 ceats por wook, Addross ALK PRIRUNE COMPANY, Cortior Madleon and Doatborn-sts,, Chivago, 11l 1IN ADTANCE), TO.DAY'S AMUSEMENTS, QOLEY'S THEATRE-Randalph steoot, botwoon Ol Tasmtor A Tiornoon and oveniog. McVIOKIR'S THIEATRE~Mndison stroot, liotweon Deatorn and Stato, ** immolation,” ~Aftefnoon and orening. OADEMY OF MUSIC—Haisted stroot, botwaon Mad- A Mousag Temerent o1 M e T Howors *UAmy Robsmt.” Aftornoon and evoning. ATKEN'S THI Aarrison streot, proulog. GLOBI THRATRIE—Doaptatues streot, botwoen Mad: Yaont iud Washiogton, + JTunohbaok of Notro. Damo. Altornoon and eveninig. E-Carnor Wahneh avonuo and oves of agdad." Aftorioon aud i LILA-] Sli—Monmn stroot, betwoen Dh e He et Now Didofab. ™ binatvosy and comicaiitlen. - Afternann had ovontnic. "BUSINESS NOTIGES, L YON'S T POWDER WILL DESTROY o R S BN od a6t et i, ean, &0, SURSE TOR ONILDREN. —DON'T FATL :..“,‘;'r.,‘é\‘{r".. ik WINALOW'S BOOTTING BYRUP, or chifldron teothing. TAVANA LOTTERY—WE BOLD TI1lt $500,000 IN o drawing, April23, " Oironiars aont, in- Tt e R ANINE SOOI T Wal: E.__y, Hox 4,68, New York The Chicage Teibune, Mondny Morning, Septombor 20, 1873. In naming some of the illusirious mon who wero suro that tho election of Grunt was tho only thing that could provent a financinl erisiy wo forgot to montion Senator Bhorman, of Ohfo. “Ho lins now spokon for himself, aud he nssurcs ‘us that the Republican party hns done tho very ‘things neceesary to provent & crisis, viz,, it hag "givonus a currency which is proof ngainst all epecios of financial rovuleious, and it has given .18 o protective tariff which eunbles us to sell Jron to England chenpor than it is sold at homo. Who doubts now that we have safo advisors in tho National councils? To make darkness visi- wblo, commend us to tho Ifon. Mr. Shorman, of ©Obio. The panic which tho Chicago Times started yinst Thuredny has recoiled with stununing offoct supon itsolf, and the net rosult 1s a whimper sig- mifying that Tue TRisuNe recoives nearly tho ‘eutiro patronngo of the public. If the Times will drop the gensntion and panic business, cense 'ralnudorlng dend men aud virtuous women, and Jxmeko of itself a newspaper that respeetablo poo- plo can tako into their families, the public will, perhaps, at some fulure time, accopt its own staloments without requiring it to supploment them with tho aftidavits of its paid omployos, .aud roliove It of tho necessity, undor which it 30w lubors, of drumming for business, The * discontented factions " of Californin who carried the recent clection undor the lead- erehip of Gov. Booth have Lit upon the name “which thioir coadjutors in Ohio have boen grop- ing vainly to find. Thoy call themselves * Tug INpEPESDENT Panty.” This is the happiost "political concoption of the day. Tho namo ox- prossos just what the party is composed of. If ‘jsindopondent of proviously-cxisting partios, and indepondont of party tyranny, and its mom- Yors are indopendent in their way of thinling. JXf thoy don't like tho nominations of their own party, they won't support thom. It is far moro ,gignificant of the aimaud intent of it mem- *bers than the phrases Republican and Demo- seratie, which are wholly dovoid of meaning in & conuntry where all porsous are republican and all domoeratic, Firo woa oponed upon tho Spanish town of Alicante,on Saturdsy morning, by the iron:clads Jately captured by the Insurgents, tho efforts of 'forcign Consuls to provont this action having xomo to nothing. Admirul Yelverton, of tho “British floct, had recolvod instructions from Lon- "don to offer no intorference, oxcopt what might ‘bo necossary to protect tho merchant shipping ‘u and near the harbor; and the commanders of ‘other foroign mon-of-war foared to tako tho 'renpouxslbility of futerferenco upon themsolvos. Tho three Insurgent iron-ciads wore drawn up “botweon the foreign fleet and the town, aud the ‘bombardment was opened. Fire was returned Arom tho fortrosses and batteries in tho town with 8o groat offcet that tho rebel busts with- ‘drow in o dnmaged coudition, The Spanish Minister of Waur declaros the bombardment to “bo n wanton outrago which should bo held up to “tho roprobation of Europe, Tho Chicago produce mukets wero quiot ou ‘Brunrday, but grain was firmor, under o botter Memand for cash lots, for shipment, Mess pork wue again quoted lowor, at $14.00 cash, and 212.60@18.00 rellor December. Lard was duil 'and unchanged at 75(@7%{c cash, and 73(@73{c ! geller Decomber. Meats woro dull at 73@Tig0 for whoulders, 83¢@8)jc for short ribs, 8%{o for short cloar, and 9@llc for mweet pickled loms, IHighwines woro quiet and stendy at 80c por gallon. Luke froights woro netive aud 34c lower, ut 7i¢o for corn to Buffalo, Tlour was dull and neglected. Wheat was moro active and 4@5¢ higher, closmng at 98¢ cash, and £1.00 geller October, Corn was moderately ac- tivo, and X¢e higher, closing at 350 ensh, and 37 woller October, Outs wero in fair demand, and e higher, closing at 27){@280 cush, Iiye was quict and enslor at 62c. . Barloy was quict and unchangod, closing firm at §1.18 for No. 2, and 95c for No. 8. Live stock was dull and negleet- ed; o fow hoga selling at $4,26@4.40, S In New York and elsowhera tho sltuation yos- torday was quiet. Thore was loss oxcitomont on Wall stroot on Baturday than usual ac this time of yoar, and the quict of yestorduy was in warked contrast with the mad furore of Bunduy a wook ago, Blipments of grain abroad have ‘recommonced, the difticulties of foroign oxchange baving boon obviated. The Pro- ducoe and Gold Exchangos Lave rosumeod busi- ness without difliculty, and the prosent feoling s that business gonorally will bo renowed under good auspices, Somo approhension is felf that tho roopening of tho 8tock Exchange to-morrow anay disturb trado agaln, and perhaps rokindle an unfortunato excitoment; but, on tho other hand, it is thought that tho gonoral feellng of ‘roaction against the panio and of hopefulness ‘wil mot upon atocks, end bring rls- ‘ing pricos for gocuritios. Howes & BMaoy ‘havos practicslly’ rosumed thoir business, 'Clows & Co, say that thoy will do 50 beforo the " ptatamont of tholr affaira is ready for publioa tion. Tink & Hatch will rosumo 08 soon ns thoy lave oleared away thoir indebtedness, Even Jay Coolie & Co. promiso to Login again soon, but nobody believes they will ever emergo from undor tho lond of Northern Paclfia bonds. In Waslilngton, & numbor of banks and bankors have formod an ansocintion for tho purposo of giving gonoral nccoptanco to cortifiod clheoks, to bo issuod to doposilors in place of ecurrency horotoforo doposited. TFuture doposita of our- roncy will bo trosted as hofore. Presidont Grant makea public lus viowa of tho situntion and tho romedy in n lettor to & Now York dry- goods morchant. The banks, ho says, are now atrong enough, in-viow of tho withdrawal of their doposits from the Troasury and the Gov- ornment isavo of $14,000,000 of groonbncks in tho purchaoo of bonds, to ndopt & gonoral aya- tom of liboral discounts which will suatein the businees intorosts of the conntry, Withoutsuch co-operation tho Governmont can do nothing ; with it, {ho Administration is willing to go still further, and tho Prosident binds himself to hold tho forty-four millions of resorve groonbacks as *‘money in tho Treasury,” to bo used for tho pub- lic good aa the publio nocossity may roquire, As o farthor means of rellof, the Presidont las or- derad tho propayment of the November intorest. DAYLIGHT IN THE WEST. The Union National and Cock County Nation- al Banks will corlainly, and the Nnational Bauk of Commerco probably, opon their doors this morning and resume payment. Thisis a brave and honorable act, worthy of all commendation, Thoro {8 not, and hns not beon at any time, o doubt that these banks are porfectly solvont. Thoir books show abundant assota in excoss of their enpital, surplus, and Habilitios, It is prob- nble that they have more than 80 por cout of their Hobilities in cash in their vaults,—a ro- gerve amplo to meet all domands for-ctirrency in ordinary timos, This rosorve will “inéronag ovory day, instend of diminishing, it tHoir ous tomors pursue thoir ordinary practico of draw- ing monoy only as thoy sctually need it, and dopositiug it as, it comes back to thom; for tho strugglo of tho bnnkors at tho present timo is really to carry nlong the morcantile community, Tho incrosse in owrency will bo still farthor sugmontod by tho largo daily ressipts from tho Enat, Cur- ronoy is now comyg into Chicago nt tho rate of §2,000,000 o day. It is safe to say thatthoro has boen no timo within the past year when thoro was 8o much currency in Chicago as now. Aud still more must como. T'he peoplo of the world noed our breadstufls, which are rendy for thom whenover thoy send their monoy, Thoy will sond greonbacke, or gold, or precious stones, or anything elso which is necessary to socuro thom. ‘This monoy should pass through tho banks, It will bo usod Lo pay off tho Enstern exchiange is- sued on sdvance shipments and thoe individual notes made for the snne purpose, Evory bank in Chicago will grow strouger in curroncy from day to day if the businoss is pormittod to re- sumo its normal condition, Thexo considorations, which cannot but com- mond thomselves to the judgment of intelligent men, should prompt the greatest possiblo for- boaranco towards tho banks that resumo to-day a8 woll g those which have not suspended. It the soromblo for greenhacks is ro- commenced, the dopositors themselves will bo responwible for the results that it will inovitably bring upon them. If it Is sup- prossed by the volco of resson, there is a good prospect that Chicago will como out of tho crisis whole, howover New York may bo affected. Tho Now York banke, having adopted tho plan of issuing loan-certificates for thoir own use, aro sonding their currency West, where it will be omployed in tho movoment of the crope. Chicago and the West have the bon- ofit of the arrangement. e roceipts of cur- roney by express in this city for tho last two days havo been ag follows: .$1,EM.|700 +ve 1,200, 200,000 215,000 « 200,000 100,000 Total, ... i 39,415,000 In nddition to this, the Adams Expross Com- pany bas notice of $500,000 which will arrive’ this morning, making n total of 84,100,000 in forty-oight hours, and it may bo rensonably ex- peated that the other express compunios will bring in an additional swin not yet roported, Now, if the depositora will exorcise the roa- sonablo prudence demanded by tho situation aud warranted by tho solvency of our banks, they will not only got the groenbacks thoy noed tha soouer, but they will ro-establish the agen- cios of their own crodit., This will onable them to go on doing & profltable business. The ro- opening of threo of the banks that susponded last Friday, and the onormous and steady influx of currency In the city, ought to convinco every- body of tiio ndvantage thore will be in sustain- ing all tho banks for the few days thoy will neod it. N-CERTIFICATES, v the Editor of The Ciicayo Tribune : Sin: There I8 certuiuly nothing equal to a great ca- lamity for the purposo of showlng up tho disposition and churacterdstics of promiuent individuals in a com- munity ; and {ho courso which fa puraucd, and tho position tuken, by two Laukers of this city, with tho probublo conscquencos thereof, should bo clearly une derstood by the public, It is well known that o num. bor of meotings have been hicld by the oflicars of all tho Ghilcugo bauks, with tho vlew of sdapting some united satlon in the present financiul ponio which is raging all over tho Unltod States, At the fual meeting on Suturday night, It was demonstrated that tho ominent- Jy wiso end elvilized pln (adopted by tho best fumnclers fn other citics), of ssulng Cleur- ing-Houso cortifleates oguinab 75 per oeut of eound sccurifes deposlted, for tho purpose of setlling bulinees botweon bouks, and tho fssuanco of cortified chocks payablo throngh the Olenring-Tlonso (68 usunl), whion lurgo sums of cur- reucy uro domanded for otler than logitimato or customary purposes,—this plau, which has saved Now York Olty from bunkruptey, and wonld cnublo us oll fo curry on our business as usual, aud poy our notea if wo are solvent, rogardloss of the panle,—was fouud to be Impracticablo i Chleago, And why? Boeaio two unkers, happoning to huve moro doad accattnt, or idle, uncimployod fnds on kand than the othoer banke, imagine that they can weather the storm without udopting tho aforesald oxpediont, “thurefore, ull tho bunks which have boen asalsting tely customors, facllitating commerce, forwarding geuin, and, in slort, dolng tho legitimato businesy for which bunks extut,—they must go to tho wall ; o8 tho Unlon Nutiousl hes donothrough foresight, und othors £rom o sumo reason and from necessity, 1t shiould bo distinetly understood that the accopt- anco of theso Cloaring-Honsa certlticatea by one bank- er from anothier fu paymont of bulances inyolven 1o risk, 0% tho cortificates would bo securad by Governe ment bonds and othor collutoral, making thom na gaod us bank notes, 'Tho othor featura of fho plan—tho poymont of lorgo chocks by oertification payublo through {hio Olearing-Houst—ovory busincss man knows to bo overy way socoptable, and ol thut bo aske 1 ordinary timea, “Pho two bunkors referred to moy think they will guln o largo advautsgo aver other bankers by tho courso thoy aro pursulng ; they muy think this fa “only o showor; but thoy will s0on seo, what Afr, Coolbaugh saw somo days ugo, that 1t 1 u gonuine flood, Tt fa uscless for unybody to decelve themsolves in this mat- tor, The enlvation which {s coming to us s tho $30,+ 000,000 t0 $10,000,000 which loft England durlug tho puat fow daya, 1t 1 still ten dnys off 1 Aro Messrs, Chnnncoy 13, Binfr and Solomon A, Smith propared to take tho respoustbility of tho consequonces of tholr action 7 Whon all the otlior banke aro gono, agother with thoir own {natitutions, and after thom tho financial uud commorelnl eredit of Cliengo, nro thoy propared to anawar for tho conscquionces? Tt them connlder well tho responsibility they have anumod § for, if they contmio fn the olfish and dog- fuethe-manger sfand they nro toking, thiey cannot ex— pect to ercapo tho consequences, Munoman, Omtoaqo, Sopt. 28, 1873, NEMARKS, Wo prosumo tho ruswer of Messrs, Blalr and Bmith is, that, if loan-cortificates arasuch a safoty-valvo to tho finnncial bollor at the pros- ont time, it In optional with any numbor of banka that think so to try tho plan, As wo un- dorstand tho mittor, Mosers, Dlair and Smith have simply nsked to Lo oxeused from carrying any other domand-linbilitles thon their own, Tho lonn-cortificate business in Now York is cortainly a good thing for ws. It onables New York, for tho timo belng, io trausnct hor own wholesalo business with checks and bills ro- coivablo, and to sond lor cwrreney to tho Wost and Bouth, And Now York Lns stopped in so for alrendy that roturning wore ns tedious s go o’or, 8he canuot pause now. Whother it is ndvisable for Chicago to sdopt (ho samo sys- thom, or, rather, whathor it is advisable for any bank or private porsou to jqin init, is n quos- tion which onch one must bo allowed to decido for himself, THOE SHRINEAGE IN STOOKS. A New York journal has mado nn estimate of tho shrinkago in value of stocks and bonds, mostly railrond gocurities, which has oceurred siuce Sopt. 4, or, practically, during the pro- vailing panio in Now York, The sbrinkago on active stocks—that 13 such stocks as Westorn Unlon, Erie, Iarlem, Northwestorn, ote.—is placod at 04,635,654, which roprosouts the differonce betwoon tholr eurront or quoted valus on Bept. 4 and that of Sopt. 20. The shrinkage on stocka not active, that is not regu- larly quoted on the Now York Stock Exchango, is cstimated to Lave beon $25,000,000; and tho shrinkago on bonds, not including State or munieipal bonds, at $75,000,000. Tho total estimntod shrinkage within two wooks is about $200,000,000. The decline in tho market valuo of spoculative stocks aud bonds is undoubtedly one of tho muin eauses of the original flmry in the financial circles of New Yorl, which has necdlossly and unroasonnble infected business circles through- out the country. Admitting that the above csti- mate is substantially correct, sud that thero has boen an actusl shrinkago of 200,000,000 in tho market values of raileoad stocks and bonds, what real sigmficanco hag it for the commercial intorests of this country? Iow can it affoct tho nactunl values of material property? 1Ina thero been any substantinl loss to tho country through thig shrinkngo? A littlo roflection will suggost su answor in the negative. "hero nro just too waya in which the shrinkage can bo nccountod for, and both aro to a cortain degree responsible forit. In tho first place, all the stocks and bonds on which there has boon a material shrinkage bave beon quoted and oxchanged at a fictitious value, likely to be affectod ono way or the other by fluctuations in tho valuo of {he currency, by combluntions of speculators, Ly political nt- tacks such s the Grangoes had insugnrated, and by o variety of causes that stimulato or depress fancy values of nlt kinds, A largo proportion of tho stocks on the market woro watered stocks,— that is, cortificates which ropresented no nctual proporty. Iu any combinntiou of circumstances ealeulated to reduce stocks to tho actusl valuo of tho proporty they ropresent, watored stock becomes absolutely worthless, and the stock with which it is sssociated hns to bear o reduction corresponding to its fictitious valuo. To tho oxtent, then, that the ficlitious value has been takon away from stocks, thoro Las beon no real logs, for thero was nothing to loso. 'Tho greuter part of tho estimated ehrink- sgo is to be accounted forin this way. Tho residuo has boen occasioned by tho anxioty to convert fancy stocks Into something of moro substantiol value. Whon the alarm of a panie way sounded, thero was o univorsal tendency to uuload, and thero is no doubt that somo of ihe stocks woro sold much below tho actual value of the proporty wlich they reprosent. Such trans- actions reprosont meroly an individual loss, sus- tained by holders of stocks who preforred to sacrifico somo reul valuo rather thau incur the risk of moro sorious depression, or impolled thoeroto by n uocessity for currency to moet linbilities. But, even if tho cortifi- cates have deprecinted in some cnses below tho value of tho proporty they reproront, thore is slill no loss of tho property itself. Noither the intriusie valuo of railrosd proporty nor its capacity for busivess las boen nffectod by o deprecintion of its stock in tho hands of gpeculators, Tho rond mischiof of this shrinkngo Yo in tho fact that both the speculators and the bauks which loaned them the monoy hnd contracted obligations basod upon theso flctitious valucs, The magnitude of theso daily transnctions is shown in the following statemont from the Now York Times' monoy articlo: Tho last of the brokors chocka wero clearod on Mon- duy of this week, when tho total elearings fell to $83,~ 000,000, On yesterduy (Tucedny) tho totul fell to §49,~ 000,000 ; this morning to $15,000,000, Tho question, thereforo, recurs, fu it right that, after tho Stock Ex~ change i roopened, {ho Associated Hauks should (In violstion of the lnw, 60 far os the Nutjouul Buuky aro concernod,) certify for $50,000,000 or 60,000,000 & duy? The moro statement of tho cueo supplies the anmwor, ‘Tho provailing feellug among prudent peoplo on the Btroct s that the sooner they resign the euormous and buzardous ofico of eleariugr nnd cortifying §50,000,000 or £00,000,000 per day for the Stock Exchungo brokors, the sooner tho latter will provide other meaus of cluare ing awmong themsclyos, elthor by buyluy und selling for semi-monthly secount duys, us ou the Londou Ex- chungge, or by settling through a clearing-bunks of thely own, tho Letter for ull parties concorned, Tho strevt Wwill nover bo safo agaiust porlodical convulsions, origluating with tho mud speculations of tho Stock Exchangoe or tho Gold-Ttoom, until this done, Now it a0 happens, in this mmudano world, that when 8mith agreos to pay Brown £100, and Trown contruots to pay Jonos the samo sum, and Robiuson dopouds upon rocolving tho samo amount from Jones inorder topay somebody olse, the wholo row of bricks depends upon the perpondiculavity of Smith, and if his stocks shrink to €50 and ho has no othor resourcos, ho must fallagainst Brown, and Brown agniust Jones, and Jones agaiust Robinson, and o on, notwith« standing the fact that tho railroad, whoso stock Bmith hold, hing just ae fine a rond-bad, just as clogant cars, and just as many paussongors as bo- fore, 'his is the oxplanation of the mystery, This shows how s panio mny got started without tho smallest loss of tangible proporty. —— Onoof the most poworful comblnations of merchants which has ovor traneactod business in the world, tho Dritlsh East India Company, was formally dissolved Insb wook, In 1858, an aot introduced by Lord Palmeraton was paesed, trangforring tha Govarnment of Hiudostan from tho Enet India Company to tho English Crown. Thosame act provided for the gradual roldemption of tho Company's stoclk, which since that timo hins borno intorost at tho ratoof 10i¢ por cont, Laat wook, tho English Troasnry, it Is stated, paid off the balanco dus to tho pro- priotors of $056,000,000, by which transnction the Company no longor hna an oxistonce, ovon in namo. For sovernl yearu past it has confined 1teolf to paylng dividends, and has not had even an oflico, the Compnny's historical buildings having been sold about twelve yonrs ago,—the Anmo buildings which have beon immortahzed by Charles Liamb, who ouce labored in them, THE WEALTH OF THE COUNTRY, **Thoro 18 no such thing ns a sclonco of Po- litieal Economy," saya Mr. Boutwell. We appre- probond ho will soon find that thero s such a scionco, and that it * monns busiuoss.” It iy tho selenco of wenlth, and it i8 proper to inquire, whilo the eountry is recling with tho dolusion that greonbacks aro tho only desirable form of | richos in thin world, What is woslth ? Woalth s any article of human desiro and ugo which is capablo of being appropriated. Atmospherio air aud tho wator of Lako Michigan, though extromely usefut, aro not capablo of bo- ing approprinted, and thorefors aro not wealth, Greenbacks are not wenlth but morely instru- monts for oxchanging woalth, having tho prop- orty attachod to them by law of being o logal- tendor In pnyment of debts, and baving the promiso attached to them of being redoomed by the Government in coin. Strike off tho Govern- mont promige to redeom them, and they would 8oon cease to bo of any valuo, although they could bo used as countors, or gamblore' checks, iu paying debts, tho last holder gotting nothing but defaced pictures and printed words, not worth tho price of & lucifor match to sot them on fire. 'I'ho gonroh for wealth is tho principal oceupa- tion of man since the primoval command to earn our brend by labor. Man has beon engaged in producing what is noceseary in the way of food and clothing, and comfort for himeclf and fam- ily, and accumulating & surplus that will enable him to rost from labor, to onjoy bettor food, bettor clothing, and greater comforts. Capital is tho unconsumed surplus products of labor, and the accumulation of cnpital is the groat oc~ cupetion, aim, thought, and hopo of mankind. ‘Cho procees by which it is sought to bo acquired embracos evory varioty of industry, and is om- bodied iu tho gonoral term, industry and com- meorce. Tho ontire human family is ongaged in secking woalth. Tho romotest tribo in tho re- motest Innd produce and trafiic; whilo among civilizod nations the pursuit of woalth is tho lending sclence of its statesmen and philoso- phers, Wenlth admits of many dofinitions, ro- mantie, poetical, and sentimental; but tho woalth which moukind scoks is tho acoumulated means whoreby men can purchaso or obtain that which ministers to their comfort, their happi- ness, and their enjoyment, in 1870, tho valuo of tho property held by the American people, that is to say, the valuo of tho roalized wenlth, consisting of lands, buildings, * goods, wares, merchandise, wheat, corn, animals of nll kinds, tools and implomonts, machinery, and things actually produced—prop- erty visiblo to tho oyo, capable of boing haudled, and allof a substautial form and shape, and each part oxchangeablo at its full value for any other part—tho valuo of all this realized wenlth smounted to 390,008,518,607, or ovor thirty thou- sand millions of dollars, 0s mensured by the greonback standard. This did not include the lands or other proporty ownod by tho Govern- nient of the United States, This sum roprogonts the nggrogato of what the Amorican people have accumulated of articlos needed for human com- fort, maintenanco, and support,—what they have dug from the carth, raised in tho fields, cut from the forest, fashioned with their hands, and pro- duced by their labor. “ 'Tho country at this momont presents tho sin- gular spectacle of forty millions of intolligent people, owning and holding thirty thousand mill- {ons of dollars of visible, tangible proporty, im- prosgod with the notion that they have got nothing, and engoged in a frantlo strgglo to convort their nctual, substantinl wealth into o fow pioces of groon paper on which arc printed Ppromises to pay, atsomo indofinito timo, a few Lundred millions of dollars; tho said printed promises bearing no iuterest and yiolding no income, and having only tho magic property of discharging debts botweon individanls, Thero is just now udvertised 1n all the paporna lottery to tnko place ot Louisvillo next winter, and meu aro invited to purchaso cortain prom- ises, printed on green paper, that within six months tho managers will distribute among tho purchasers of those promises 40 or G0 per cent of the nggrogato sum thoy may payin, 1If any man wero to attempt to convert all his property into tickets In that lottery, his frionds and fam- ily could, and ought to, apply to tho courts for his detention as a lunatio, and bave a guar- dian appointed to manage his estato. Hardlyloss inconslstent with renson 18 the panic-inspired conduct of the men who, aftor delving and toll- ing all thoir lives to accumulato a littlo woulth, aro solling that property as rapidly aa possible,” and at gront eacrificen, to got poasession "of greonbacks, mero barren and unproduetive promiges to pay in tho indefinite berenfter, nud burying theso notes in tho ground, in vaults, and othor hiding-plncos, One month ago, tho man who would have Loarded greoubncks would havo been pro- uounced insano. Bince thut timo (horo Lins boen no loss of property ; uo diminution of the wealth of tho country ; nothing real hns beon doatroyed 5 ovorything substautinl rotains its full and un- diminishod valuo, and all atill in tho hands of tho peoplo. And all becauso Jay Cooke and Honry Clews have failed. Wo nro not without hopo that, with the Inrgo arrlvals of curronoy and with tho reoponing of the suspended banks, poo- plo may bogin to ask themsolves whether it is ranlly truo that al! tho good things of this world havo passed awny—that all tho houses, and food, and clothing, aud furniture, and fuel have Loon lost In Cimmerian darknous, Omaha has o Xotol Credit Mobilier, whioh is creating considerablo excltement, A fow duys' sinco, wo statod in a paragraph that oitizons of Omaba who Lnd subscribed soveral thousand dollars townrds furnishing the Grand Central Hotol in that city had refused to pay, because the stockholdors changed its nomo to the Pull- man Iotel, A moro sorfous troublo hias now fall- on upon it, in tho shapo of o sult brought by two oroditors to foreclosoa hundred-thousand- dollar mortgage upon it, and have a Roceiver ap- pointod, Tho bill fled by tho creditora avers that tho Directors furnisbod tho hotol out of thelr own pookets, nt & cost of about $25,000, which thoy rent to tho lossco for §500 por month, the rent to acorue to thelr privato bou- efit, whilo tho ront of tho hotel ituolf fu only 2,000 por anuum; and that thoy ront tho furnituro of tho billinrd-room, which fa worth only 2,600, for €3,600 por annum, whils tho ront of the room I8 but £1,000 por annum. The bill tarthor avora thnt the Iotol Company owo $185,000, which {8 belng rapldly incronsed by taxos and insurance, and that they have no means to moot thoe obligations. Tho complainants aro Joptha II. Wade, of Cloveland, former Prosi- dont of thu Pacifie Tolegraph Company, aud Jamey W, Bosler, o promment spoculslor of Bloux City, ‘The pariios engagod in this thriv- ing littlo Crodit Mobilier aro the hotol Direotors, for whouo operations they, as well na the Wosat- orn Union Tolegraph Company and the Burling- ton & Missourl Rnilroad Company, are called upon to nnswer. ——— EKTRADITION TREATIES, The curront number of tho Loudon Athenaum contains an unueually interesting papor upon tho oxtradltion troatios now in forco botwoen Great Britain and other powers. At present, Groat Britain hna treaties with six powors,—the United Statos, Franco, Denmark, Germany, Bolgium, aud Italy. Tho troaty with this country is the oldest of tho six, and includes movon offonses, on suflicient proof of which criminals may bo arrested and sont back to the country where their crimos woro committod. The catogory is ng follown: 1, Murder; 2. Asmault with intent to commit murder; 8. Pirncy; 4. Argon; b, Robbery ; 6, Forgory; 7. Uttorance of forged papor., Thoso who have committed any of the sbove offonsos in Lhis country, thereforo, camnnot oxpect to find & eafo asylum iu England. There I8 sholter, how- ever, for a very large class in this country, namely, fraudulont baukrupts and swindlers who have obtained goods undor falso protonses with- out actunlly committing the specific crimo of robboery, In the lack of any provislon in tho troaty concorning such cnses, thore is some do- greo of consolation in tho fact that it works mutunlly, and that wo have room for quito ns many of this oluss as Groat Britain, and that, if thelr presence in elthor country is undosirable, Groat Britain has to take the lon's share of thom, Tho treaty botweon France and Great Dritain only covers four offenses,—murdor, ot tempt to commit murder, forgory, and fraudu- lont bonkruptey. In 1862, n tronty was made with Denmark which covers ninoteen different crimes, and in 1872 ono was also made with Gormany covering tho samo number of crimos. Tho troatios mnde with Belgium and Italy in thosamo year alsonffect the same crimes., In fact, all the loter troatios mado by Groat Britain comprise all sorious offenses, Aud warrant the oxtradition of criminals guilty of any kind of fraud, or swindling, or ombozzloment. Tho iucronso of this class of crimo within the past fow yeura in tho United States is onoof the atrongesf of arguments for tho execution of a now treaty which shull covor such cnses. At prosout, the defaultor, or embezzlor, or frand- ulout bankrupt has only to get out of tho coun- try with his funds, and bo at onco finds safo rof- uge on English soil, provided the offonso can- not bo proved o direet robbery. Tho enforcoment of oxtradition for these crimes would placo o very offeclivo chock upon them. If the do- foultor know that justico could follow him whoraver ho went with his stolen property, we should hoar less of thego crimes. Evory consid- eration of aocial morality and notional interest demnuds that criminals should bo promptly seized and delivered up, excopt, porhaps, for potty misdemenuora or political offenses, upon which it is searcely poseible that any two coun- trios will over come to au agreement so long ns forms of govornment aud viows of political quostions diffor as thoy do now. But groat progress has boen made in international law sinco the timo when jurists contended that govoreign Btatos wore not bound to dollver up criminals, whethor subjects or not, Year after year, public opinion has changed and grown more liberal, and this change is nowhere moroe clearly shown than in the treatics made by Great Dritain during tho past threo years, which covor almost every serious offense in the calondar. Our own treaty lias ‘boen in oxistenco for over thirty years without any chango or amendment, although the ovents of the past fow years show that thoro is press- ing need for n broader and more comprehonsive troaty. There is certainly no consistency in ex- traditing o oriminal who has stolen proporty by tho diroct and technical nct of theft, and al- lowing the eoquully guilty criminal who has stolon property by tho roundabout way of dofulention ar fraud to rost gccure {rom oxtra~ Gition with his ill-gotton gains. Tho oxtradition treaty should be so amended ns to shut off the last avenue of escapo from this numerous gnd rapidly-increasing class of criminala. The United Statos Cireuit Court for Michigan has just renderod o decluion of somo importance in that State. The Suporvisors of Osccola Coun~ ty listed for taxation cortsin laonds which are part of tho Ilsnd-grant made by tho United BStates to tho Btato of Michi- gan, and by that Stato conveyed to tho Flint & Pero Marquotte Railway Company to aid in tho construction of their railrond. These lands wore deeded to the Company in cortain quentitios s tho road was comploted, and tho Company conveyed them to Trustoes to securo tho payment of railroad bonds. The Company maintained that, s tho whole road was not yot comploted, the lands wore not absolutely the proporty of the Railrond Company, and weronot taxable. The Court decided that all the land re- cofved by the Company was subject to taxation. The decision applies to the lands held in tho samo way by soveral othor railway companies in that Btato. . Obituury, Franconco Guorrazzl, who was proclaimed Dictator at Flovence, in 1849, died on the 284 inst., In tho 80th yoar of hiu uge, 11is namo has long been familinr, not only in the various Ital- iau rovolutionary movomonts, but alse in tho litorature of that country, both m pootry and works of fletion. Iu tho outbroak of 1847 he tool such au active part that he was imprisoued by tho nuthorities. In 1818, nftor his rolenso, Lio recoived a portfolio in tho Miniutry formed by Montanclll, Aftor the flight of tho Grand Duke of 'Tuscany, o trinmvirnte, consiuting of Guer- rnzzi, Montanolli, and Manzoni, was formed by tho Cbambors, aud Guorrazzi romained Dictator until April 13, 1840, whon tho Republle was formod, und & movemont wis commenced to an- nox T'useany to tho Romnn Btatos, Guerrazal opposod this, which led to dissenslons among tha rovolutionary leadors, Theso diwsonsions nided tho ndheronts of the Grand Duke, when tho roactionary movemont commencued, aud the rovolutionary Govornmont was soon ovorthrown, Guorrazzi was arrested, and condomned to porpetunl banishment, dur- ing whioh time he dovotod himaelf to literary pursuits, In 1856, e wua allowed to return to Italy, and was olectod to tho Turin Parllament, but sinco that time ho bos ocoupled but litile prominenco in politioal aftalra, The death is announced on the 10th of August last, at Neuwslave, near Vienna. of Gourze Hollmosbergor, a formor leador of the orchestra in tho opera of that city, and an old professor of tho violin at the Conaorvatoiro. He waa hold in high catimntion throughout all Germany, aud was tho first to produce many of Bohubort's cbiamber compositions, . Who wife of Prince Biamarck, whose doath was announced n fow daysago, was tho daughtor of Herr von Puttkammor, who belonged to an old Pomoranian family. Ilerr von Bismarck aud Fraulein Jobanna von Puttknmmer woro married in 1847, whon the bride was 28 yoars of ago, A daughtor and two sons have resultod from tho mnrriage, tho relations of which are stated to havo been unusually pleasant aud har-' monious. ; The death {s nlso announced at Btuttgart of Doctor von Malor, who has boen Grand Rabbi of tho Tsrnolites in Wurtemborg for forty yoars; and of Colestin Nautouil, n Fronch urtlaf, who wns Congervator of the Museum and Director of tho 8chool of Fino Arts at Dijon, NOTES AND OPINION, It would bo usoloss to nttompt to concenl the gravity of tho crigis; and equaily uscless to lose self-control in consequonce. “The rovulsion which has been auticipated for a number of yoars bas at last como upon tho country. The' foundations for it have boon lnid bf tho Adminis- tration, in its purely flotitions aud fnsocure finan- cinl uystem ; the producing cause which precip- itated tho orash was Fmrlnml by the Adminis- tration whon it carofully olaborated a bulloon roilway svatem for tho Bouth and Wost, and forced reconstruction at tho Rnlnh of tho bayo- not, making Jay Cooke nnd Monry Clews iho Railroad and L‘n?mt-lmu Brokors, rospoctively, of nvast kohomo of an utterly basoloss and worth- less bonding ; and tho pathway of thoe revulsion hiag boon rendorad olent by tho Administration, in tho crumbling crodit systom it Lns fostorod and foreod upou tho oountry, Honco, additionnl failures sroto ba expectod,—in fact, wolcomed. Lot the rotton fabrio fall, * It lias boon too long dolayod nlrondy.—Albany (N, X.) Argus. —Truly n protty showiug this, on'the part of our Enropoan flcal ngentu! Jny Cooke & Co, wo fiud thrusting their worthlogs, not to esy fraudulent, Northorn Pacificbondd on the forolgn boursos, promising ovor 7 per cont in gold, and paying that intorest out of the money thoy had proviously borrowed of other dngnu ou such monstrous torms. And, not to bo beaton by ita rival in tho reprosontation of tho Government and of the Republican pnn?v, Houry Clowa & Co. croate thoir ** Anglo-Amorican Mortgage Trust ' fiction aund offor, with tho protonded official authority of tho Unitod Statos, no loss than 83 or cont a8 & stimutus of furthor crodulity, Tho arings, caroful and consorvative as thoy aro, must bavo surmised a vast chango in tho com- plexion of our Government when thoy saw their Buccessors, clothed with tho favor of that Gov- ornment, ropudinted ns swindlers on tho Ex- changes of Liuropo.—Arookiyn Eagle. —''he Jay Coolko fraternity, who have brought on the present panic at the contres of the money~ changors, and whoso air-castlos havo one by ono tmlllfiod to tho ground, aro in tho fnancial world what lepers are in thophysical world,—the worst posmblo affliction that can be visited upon it. Their isolntion and doath are necessary to tho life of honost and legitimate business meu.— Rochester Union. ~—With no sympathy for tho Credit-Mobilier syatom of railway ontorprisos, which has expo- rfnucudn. blow which will probably kill it for- over, wo cannot join in the storm of imprecation which lnys the whole weight of tho catastrophie upon & fow mon, tho centre and principal of WYwm is Juy Cooke. Wo think it only just to romembor ** Lhat Congross is partinlly responsi- blo for tho present condition of things, for, to o zrent oxtont, thoso worthioss railronds wero pro- octod moraly to soize upon tho publie domain, with tho consent of tho Natignal Legislaturo, and vietimizo the poople into buying bonds of companies which have plonty of land, but no monoy."—Cairo Democrat, —I8 it not amazing, that in these days, only & fow yoars aftor tho affairs of the Troasury De- partmont used to bo rigidly scrutinized by tho public, no ono sgoms to care what is done in “that Dopartment? Time and nr:nin‘ in the last few years, tho statomonts of tho Treasury De- partmont linvo boon proved to ba falso, an um{ can be sliown to be false uy time by gnin'f back and comparing thom with cach other, sud mill- iong of dollars can bo shown to bo unaccounted for by theso statemonts,—Dubuque Telegraph. —It is timo that tho Treasury of tho Nation swns ontirely divorced from the fluances of the country. . . . No pormanont relief can be had from uch scones as wo have hod in Now York two or threo times during Grant’s Admin- istration but to chango parties, and thereby ciango the policy of the Govornmont.—Burling- ton Gazelle. —8uch recklessnoss in financinl matters by tho Goyernmant, by thoso bauking inatitutions selected ns its custodians aund repositories, and such supreme disragard for all rules of political economy 08 Liave characterized those nogotinting: loans and bonds ; such indiscriminate appropria- tions under tho kioad of contingent funds, ate, ; such rotton rasealitios ns hnve boen dovelopodin custom-houties; such » squandaring of the puba lic domain to cormorant monopolies; such in- difference o8 to Low much the mnsses of the people woro prosaed for the beneflt of favored sings, end, in fino, such univoranl corruption as hinve characterized this Redical rule, have never before boen seen or read of in any agoe or coun- try.—Kansas City Times. —~It must bo confossod that thoss rasealitios are gotting to bo frightfully frequent ; and thero are oithor mistakes mado in theappointments or thoro is somothing,in the rovenua sorvico that domoralizes mon who gat futo it. It may bo, too, that these recroant publio eorvants are vic- timis of tho provailivg epidemic of fraud-— La- Jayette Journal. —'I'ho peoplo shiould blamo thomsoelves for thia wido- mndul§ corruption, Do we nat oo periodieally, to our disgust, crowds of groody oftico-seckors dispused to attaiun their abject by lavishing moro of thoir own or their friends’ monay than the honest perquisitos of the oftico sought aftor? Aro they such patriots as to bo willing to gerve tho conutry at their own ox- ponso? _Nol Thoy intend to make the office pay. Heuco that long and sad list of peculn- tions, back-puy, embozzlements, and briberies which cause_every good man to blush for tho countty, and mako it & by-word of roproch among tho nations of the ecavth.—Galveston Commercial. & —Not a fow people were disposod to say ; Let theso men who Lubitually gamble with the finances of the country, aud organize disnster that thoy may profit fram the ruin of athers,—lot these men now take tha consoquences. But the disnstor is no longor & puroly - financial one, in tho souse in which it has hitherto Leen called such; it has gono outside of financial ciroles, and in a diroction to ronch almost every intoros} and industry of the couutry.—Bay Cify (Mich.) Chronicle. —All thoso banks aro as good as the systom allows. Thoir woakness is Inhorent in their vory nature. . . . Itisa fooblo affair.at bost, but it would be insanity itself to puff the publie breath against it in critical moments. It hna ro- mained for Amerioa to embark in a credit bubble tlat embodics all tho worst foatures of every schomo of the kind heretofore known to human annals, Tor that renson, it should be doalt by lcndcr‘l‘;. or it will die long bofore luntllritf'. It i1 too diseasod to over reach complote manhood. —&t. Paul Pioncer, ~To this complexion must we come at last; and tho pooplo who insist that irredoomsablo ]mpor is bottor then coin, kuow thoy are uttor- ng o falschood coinod by gamblera to rob honest men, ‘Tho massea of the pooplo who do not gamblo, but are honest men who wish to have all thoy earn by their honest toil, and want no more, should insist ypon tho legislation which will bring about such s etato of things, in such munner s to do the leust injury to tho country. —Piltshurgh Poal, —1t should b kept in mind that tho presont atato of things is an unuatural ona, andis due to tho violations of tho luws of trado which have taken place, chiolly in tho excossive advancos to rallways, on ny{mthocnmd unsalablo houds, But further, the existing troublo should mot hbavo ariren. Now, it must bo cloar that, looking to the futuro— which, aftor all, in the point of chiof intorest,—it ia of first importance that the oction of tho Gov- ornmont should be such as to ropress, rather than to promote, like violations of !uumk policy in the futuro.—Z'oledo Commiereial, —A wild rumor was atarted some timo stnce, by whom wo do not know, that cortain membors of Congross wore arraugiug a project to buy up at o vory smull figure, all the cortiticates of iudebt- cduoss fasuad by tho reconstructod Btatos, and thou force a Ml through Congrenn, dovoi\'lng this ontire dobt on the United States Govern- mont. Tho pross North nover deemod tho wubjock worthy of sorlous thought,” But ot “tho BSouth tho nffalr wscoms to bo tnkon poriounly, and varions journals are wiging argumonts In_ favor of the Qov- orumont nssuming suoh debts, We do not noed to go ovor their sovoral reasons, ohiof among which were, that tho Ropublican party will gain in repulation by paying tho dobt, This may be truo, but the roputation It will galn will be un- dosirable and unprofitablo as woll.—2*{llsburgh Qazelte, ~—liad mon, ambilious domngogues, schoming politiciany, unsorupulous wi orftlng time- sorvors, plottors of ‘minchlof, corruptors of the Dballot-box. have luntr had coutrol of the Rovub- llcan party. . . . Can theso reckless, solflsh political triokstors bocome roformera? I couragod lg' tho looso morals of thoir oongonial away, tho Orodit Mobiller discovered tho golden opportunity toaccomplish its stupendous gnudn. and -tho bnck-pny plundorors to consummate thelr schome nupon tho Tronsury. TIs it to these mon that wo must look for roform ?—Aladison (Wis.) Democrat, —Wa mnks {ssue only with the corrupt oner who have worked their way to tha front for th solo purposo of **feathoring thair own nots," and who thus bring_roproach upon the party. We boliove that the Ropublican party iy to-day a8 honest and trustworthy as over,—thatin their loyal zonl they have been fnposed upon by tho !dlslmneut ones, who will not soruple to do” any- ‘thing to gratify tholr own greed for gain, The moro honeat members ara jostlod Lo ono side by ,tho unworthy. It is the lattor class that the gront mass of thinking Ropublicans want to got rid of.—Paw Paw (Mich.) True Northerner, —Thia thing cannot alwnys continuo. Tha Tepublican party hns had abundant time to ro- formn Itgolf, and correct all tho nbuses in its midst. 1ns it dono so? Ilas any party ever purged itself whon it onco bhecamo corrupt.— Zoong Calmty(lmm} Democrat, ~Wo aro surprined to find a clear-hondod man tolking such nonsonse to Gon, Grant na that the }muplu warrantod the I'residont's Black Friday olly by ro-olocting him. Thio peoplo do nothing of thosort. Gen, Grant did very many things, aud ono of thom was his “mix-up” with Goul and Fisk, which the pooplo condemnod, nor can lio tako the flattering unction to his_soul that hia viotory over Greoloy moant. n‘lpmvlll of all hia sots, . . . To tnlo any othor view of tho cuso I to givo the peoplo eredit for want of good sonse. Did thoy approve of tho hoarty fellow- #bip which has &1l nlong oxisted Letwoen Grant sud Chandler, and Bon Butlor, and Matt Carpon- tor2” If Roverdy Johnson ix corroct, Graut's re-olection moans o pupular appraval of all theso things, 8hall wa naver havo dono with this uilly notion ?—Sandusky (Okio) Regisler, nt the fmmors want is: Thoir burdens lightoned—bettor roward for their Iabor—choaper monoy—no monopolies fostered by State and Nation—uo incronse of oftlcors or ealarics—Iloss and botter legislation—men in office whose aim is not monoy-making—a less oxtravagant Gov- ornment—no rich Gaverumentat the oxponse of an Impoverished people—a Govornment that tho Eunple own, and not one that owns the peoplo. 'hoge things the poopla domand, aud must hinve }l;fm.—aml. W, B, Anderson, of Mt. Vernon, ~Brother farmors, let us_awake ; we must mako figures aa woll s dig ditchos, grub stumps, and root out orrors ; incresse our stock and crops, and try to roduco our taxes, #oud our ohildren to achool, nnd honeat men to Congross, Let us Iny nside all political pm&\mlco (that ia all thoro ia loft of "politics) and labor, not to build up any old party or any class, but to build up our country, secking our individusl good, by soonting thio good of tho whole.—G. 1, Balch, in Charleslon (11l,) Couricr. ~—All tho abuso ‘complained of can bo traced directly or indircotly to the unjust accumulative povwer ‘of monoy, aud, although tho dopressed clusuos are martinling undor the banners of re- form, yot thaso commotions aro most surely the seod of a mighty but peaceful rovolution, being uickonad fnto lifo,—Address lo Saline County 2U.) Grangers, —The organization of tho Patrons of Huse bandry, in our estimation, ia complote within itsolf, and, what is still more encouraging to us, is growing stronger overy day. Lro anothor year Fm«mu over our headu wo will woo, through= aut the entire Iand, ono of the strongest organi- 2ations over known.—0Ogle County (1) Grange. —1Iad thore hoen no watered stocks, no ronds built upon the Crodit-Mobilicr plne, no arbi- trary and oxcousivo lovy of freight-ratos, thora would have beon no dimatisfaction among tho }lonplo, and no Farmors' movement to frighten orelgn capitalists, . . . But dishonesty in mausgement and visjonary schomes evolved a word,—p singlo word {hat contains tho whalo maltor,—distrust, that has brought neariyail tho gront railrond capitalists to the ground, dissi- poting like the vapor their wealtl, presont and prospective.—La Grange (Ind.) Standard, —Tc rostrict thiom now mequs o, vigorous fight sgainst thoir combined wenith and ounning ; but it might as well coma now, if over, and wo trust bofore another winter shall huvo passed such Inwa shall be enactod as will for the future re- stric} monapolies of every clags within n proper pud Judicious compass.—Logansport (Ind.) Pharos. —An old fablo has point and application now. As tho plaguo demon passed tho gatos of an ans clent city o told tho gute-kecper thatho only intended to dostroy 80,000 lives. Wheu ho mada his oxit the gate-keoper repronched the demon with haying gflno far boyond the limis ho had romiged to obsorve, as (0,000 bad fallen, Tha omon roplied: I only killad 80,000—fear killod all tho others.” Csueoless, unwarrantod forrs may now do Immouso harm.—Zoledo Dlade, —_— The Pope’s Brick with Iefercnce to Pilgrimages. From the Eco a'ltalia, New York, Sept, 24, To all the fuithful who read those words, houlth and apostolic benediction. Whilo the wickedness of tho impious bas filled our Loart with cares and bitteruess, God, in the abundance of Lis meroy in these most baneful timos, has caused many faithful ones to riso in all parts of the Catholie world, who, on the contrary, strive to turn our griof and afiliction into comfort by #0 many testimoninls of thoir aftection, by their numerous works of Christian ploty. Amon, thow works aro froquont _aud_largely-attando énlgrlmngox, whioh take place in tho most illug- rious churohics and ganctunries, for the purposo of imploring of God, the fount of ovory consola- tion, and through the merits and intercession cf tlie blassod Virgin, Mary immaculate, avd of il snints, tho long-desired penco of tho Chure, its triumph, and the liborty of the holy spostolio soat. But since somo holy pilgrimages which wero to bo made to tho most “colehrated sanctu- arios in Italy at the samo timoe hava beon, to the sorrow of all good mon, intordictod, some of the faithful of our City of Dologna proposed to in« vito all Catholics toa spiritual pilgrimago to tako placo during this presout month of Septorm- ber, & pih:rlml\[io which thoy proposed to divide into throo decndos (of ton days cach). In tha first decada tho faithful, rociting for that end suitable and doyout prayors, ehould impgine thomsolves takeu in spirit to those parts of the Holy Laud eanctified by Jesus our Divine Ree deemor ; in the uccond decade, to tho principal sanotunrion of Italy, and in tho third deeado to tho principal foroign eanctuavies. ‘'ha foithful baving thon made humble sup- plication to Heavon, we will grant, by virtue of apostolic commirsion, cortain indulgonces in favor of this pious oxercise, Wo, raising in tho highost manner thoir sacred nud gonerous project, willingly undertake to respond to tho prayors which they ofter for us in tho lallm\-inF manpor: Confidivg in the meroy of God Al- mighty and In the nuthority of hig blossed apos- tlos Dotar and Paul, all tho tnithful of both soxca —thonre at least who, with contrito henrt an any doy of tha next mouth of Soptombor, will por- form tha nforesnid pious oxorvio and go through the spiritual pilgrimago—wo remit, in tho acous- tomed form of the Church, §00 duys of tho pun- ishment due to thoir sing, or in whatover manncr incurred. Movoover, toall the faithful of Lotk soxos wha for a wholo decadoe (of days) will com- ply with the samo holy formula of” devotion, mnke the spiritual piigrimuge, and ou s duy se- locted truly ponitent confaes and go to commu- nion, dovoutly visit any chureh or publio oratory, and thero offer prayers to God for unity mnong Christiau Priuces, the oxlirpation ot herasy, tho conversion of sinnors, and tho oxaltation of our Mothor Ohurcli, wo morcifully grant, through tho Lord, r plonary mdulgonce and tho remission of all tholr sins, "All aud each of theso indul- gonces, romissions of sins, and condonation of punluhmont sy bo applied, in a mauner of suflrago, to tho souls of thoso who have passed outof this lifo, and whose peace with God hnd not beon fully established, Notwithstanding our xulo, and that of the apostolio chancery (eancel- lorin), nat to grant indulgoneo ad instar, nnd tl o other gonstitutions and apostolio decreey, and whatovor olse to the contrary, wo grant tho ire dulgencos named in this {nstance, 'Thoy are avatlablo for this year only, Wo desiro that the printed copios and othor copios of thiy lottor, signod by somo notary public, and authenticated by the seal of n porson enjoying ocelesinsticr] dignity, will have tho samo valuo ag tho leltcr nresonted in {ts orlginal form, QGiven {u Roma, at 8t, Petor's, under the ring of tho Fishornan, tho 10th of August, 187, tlo twonty-oighth year of our Poutifleato, (Bignod) OARDINAL ASQUINI, ——— THE WEATHER, Wasunaroy, Sept, 28,—PropAnriTing,—On Mouday, for New England, tho pressuro will die minish, with slenllu and frosh eouthenst to southwost winds, partly cloudy weather, and goysxhly oceasional light rains, ~ Tor the Middlo Lotos, fresh and occusional brisk southerly to wosterly winda and Yurtly oloudy weanther, with rain, espociully for the northern “portion, = Tor tho Bouth Atlautlo Suutos, gontlo to frash winds, mostly from the eant and south, partly cloudy weathor, and const ruing, For the Guif Btates, ont of tha Missisulppl, goutio and frosh wind, nioslly from southeast to wouthwest, purtly cloudy woather, and occasional rain arons. For Tennosseo and the Olilo Valloy, fioutlo and frosh southiorly to westorly winds, and partly oloudy woathor, TFor the lower lako region, clondy woathor, rain arcas, aud fresh {0 Lrisk winds, voorivg to woylarly,