Chicago Daily Tribune Newspaper, October 9, 1873, Page 4

Page views left: 0

You have reached the hourly page view limit. Unlock higher limit to our entire archive!

Subscribers enjoy higher page view limit, downloads, and exclusive features.

Text content (automatically generated)

4. TIHE CHICAGO DAILY TRIBUNE : THURSDAY, OCTOBER 9, i873. _—— e TERMS OF THE TRIBUNE ITRME OP RUBSCTIPTION (PAYADLE IN ADVAKOE), 12:00] G t tho sanwo rato, and nistakos, bo suro and give Foat Ofiico adilresain full, including Stato snd County, Romittancos may bo made ofthor by deaft, oxpross, Post Osico order, orin registored loltors, at our risk, TRUMR TO OITY AUNGCRINENS, Dalls, delivarod, Sunday oxcenloa, 2 conte por weok. Dutly, aolivarad, Bunday Includad, 50 conts vor wook, Address 11 TRIBUNE COMPANY, Coruor Madison aud Dearborn-sta,. Ohtengo, ik, TO-DAY'S AMUSEMENTS. HOOLEY'S TIEATIE Tandolph_troot, hot Cluck nid Labinlio, ** A1l that Glttors Ta Not ks, nd " Jenny Lind," MOVIOKER'S THEATRE—Madison streot, botwoon Dearlioru and Stato, ** Saratoga," ACADEMY OF MUSIC—Halstod stroot, botwoon Mad- o and Monroo, Kngagumont of Joo Mutuby. * Aaum oo MYERS' OPERA-HOUSE~Monroo straat, hotwoon Dearhorn and State, - **Funny Mokes fn & Fogz." Min- strolsy and vomicalitles, QLOBE THRATRE—Desplainosstreot, between Mad. tgon” and Washlugton. Sugageniont of Johu Thompson, **Uoos" and ** Dixlo, " Glark steoot, b Randolph snd PR QUEEN'S CIRQUS—Wal h avonue, cornor Adams stroot, Aftornoon and ovenls INTERSTATE EXPOSITION-Lako-Storo, foot of Adaws stroot, USINESS NOT! FURNITURE, GENTERL AND ELEGANT, AT Thiread ig at 10 o'clock, at 56 Union Bl pintor” WILELH, TONG & CO., Auotioncors. “AVAN TOTTRRY—WI SOLD TTITI? 800,000 T8 April 2. Olroul, nty in. o T KA NNz £ COn 1o Wallat P. 0. Box 4,88, Now York srmaumpivosymploms, i dapted in medical pragtice. Sold by h ulnlunlwnnll}ru-‘ ““l[ll;llun. Ullf!mal. BHoston, ATOHELOR'S NAIR DYE. THIS SPLENDID Batrdse ln e bost i LhG WOKL: Thioonty (940 ani DO fect dyo, Harmloss, roliable, and instantancous; nodisap- intmont ; no ridiculous tints or unploasant odor. femo- Sien tho il eifocts of bad dycs and wastics. Brodncon - modiately a suporb black or natural brown, and loaves the Liair cloan, soft, and beautiful, Tho genuino, llrnlfl W, EATBIGErsH, Boitrorore . R sOUANGH, 0, Peariotor, N. Y. s BTEVENSON & RH\ Agon The Chivage Tiibune, Thursday Morning, October 0, 1873. The Constitutional Convention of Michigan has declined o admit tho oligibility of women to any publio offics whatever, excluding thom ovon from the echool boards. Tho Washington (D. C.) Germans have struck & novelty in expression in dociding not to sup- port any candidates for offico who aro committod to tho “ pornicious eauso of tomperauco.” Tho Rockford, Rock Taland & 8t. Louis Rail- road Company re-olectod the old Board of Diroc- tors at the annual mooting yostordsy; and the officors woro instructod to proscente tho snit brought against Honry H. Boody for $245,000. A commission bna boon appointed by the Bac- totary of War for tho erection of a military prison at Rock Teland, in this State. Tho prison is to be kept oxclusively for the conflnomont of mili- tary offondors against the army rogulations and Iaws, Roubor, tho formor champion of the Napoleon dynasty, ia zeady for tho Fronch Assombly with » proposition for a plebiscite. His notico is to doclaro tho monarchical principlo cstablishod, but leavo to tho pooplo to solect tho monarchy thoy like best. Ho evidently bolioves that tho peoplo of Franco will profer the young Bous- parto to tho old Bourhon The Fronch Goversment, in opening the prosecution, makes out & vory bad caso against Marshal Bazaino. It claims to bave ovi- donco that ho wus chiofly engaged in plotting for the rostoration of thy Tmpire, and, to this end, was in secret nogotiation with the enomy. It the Government can produce the ovidence it claima to bavo, it will go hard with Marshal Bazaino. Doath is the ponalty of tho crimes of which he is accusad. Tho Committoe on Capital Stock of the Board of Equalization have asseasod 811 corporations in the Btato, thirty of which are in Cook County. Tho assessment, exoluding railronds and telo- graph compavics, s $20,896,662, of which 811, 758,704 is charged to Cook County. Tha capitsl stock of tho railroads has boen assossod ab £62,- £08,707. Tho total assossment on capital stock in tho State is £83,605,200, Particulars, includ- ing somo of the principal sescssments on Cook County corporations, will bo found in our Spring- field dispatcli, Tho Sonate Committco on Priviloges and Elootions, whioh havo boon in sossion in Now York, bave decided to roport favorably on Sena- tor Morton's plan of electing the President and Vico-President by popular vote. The plan abol-. ishes tho Eloctoral Collegos; provides for the olection of President and Vice-Prosident by dis- tricta; each Btate to have & number of districts coqual to the number of Congrossional Representa- tives, tho voto of each district to count ono Prosi- dential voto; o plurality in the popular voto of each district to decido tho district voto; the porson having tho highest numbor of districk votes to rocoive thoe two Stato votes at largo, givon to ench Btato; and tho porson roceiving the highest number of votes in all tho States on this ptan to bo elected Prosident. The machine- 1y for cleoting tho Vice-Prosident s the same. Tho report also provides that Congress shall cu- tablish tribunals for the decision of contests as to tho vote of any district or Stato. The Liberal Ropublicans of New York assem- bled in convention nt Elmira yosterdsy. The Hon, Frodorick A. Conkling was made Porma- nent Chairman. Tho platform adopted de- nouncos tho back-pay action of Congross, ox- preescs,rogrot that the Presidont should bavo sanotioned it, and obargos the rosponsibility for tho passngo of tho bill upon tho Republican party. Tho principlos enuncisted at Cinein- mat! aro rouflirmed, and the mnecossity for additional fucilities for tho trans- portation of froight botwoon tho West and tho Enat {8 oxpocially noticed and inslsted upon, It ia also declared that tho Ropublican party 16 ro- sponsible for ile prosent disordered condition of financlal affairs, which, {n the opinlon of the Convention, can only bo restored to & normal standard by the spoody resumption of spocio payments, The leading nominations wero : Diodrioh Willors, for Comptroller; Nelson I, Hopklns, for Attornoy-Goneral; aud Daniel Pratt, for Troasurer. The Chicago produco markets were again ao- tive yostorday, with fow important changes in prices, Moss porkwas quiet and & shade casier, at 914.85@14.00 cash, and $13.50 soller Decom- ber. Lard was quiot and ensior at 75o per b csal, and 73@73{0 eollor Docombor, Meata were nominally unchanged at 8@8}{o for short ~#ibs, B3{o for short closr, and 9@100 for ewoot ploklod hame, Highwines woro active and un- changed at 025@030 por gallon. Lake froights woro active and 3o lowor, at 7io for corn to Buffalo. Flour was iu good domand and firm. ‘Whont was modoratoly active, aud 3@10 higher, cloning at 81,0034 cash, and $1.00 sollor Novom- bor. Corn was aotive and X0 lowor, closing at 8360 casli, and 393{@30}o sollor Novembor. Oats woro activo and 4o higher, closing at 3830 onsh, and 83%o wscllor Novombor. Ryo was quiot and unchangod at 06o, Barloy was activo and 4@5o highor, olosing at §1.80 for No. 2, and $1.18 for No. 8. Hoga woro in oxcossivo supply, and ruled dull and weak throughout, closing 200 lowor, at $410@4.00. Caillo and shioop woro quiot and casy, At the aunual mooting of tho Western Unlon Tolograph Company, hold {n New York City yos- torday, & full Doard of Dircotors was olocted, with William Orton at the hond of the list. The ‘new mombors of tho Doard ato Joseph Iarkor, W. K. Thorno, Cornolius Vanderbilt, Frauk Work, Chostor W. Ohapin, Cyrus W, Fiold, Dan- 1ol Jones, Goorgo H. Mumford, Georgo M. Pull- man, W. H, Vanderbllt, W. R. Vormilyo, and E. D. Worcoster. Tho otlior membors wore on tho Board of lnst year. The officors aro to ba oloctod to-day. Presidont Orton’s report showe tho capital stock to bo 40,079,410, of which 87,306,235 {8 leld by the Company; the dobt, 90,038,410 ; gross recolpts for tho yoar, §9,939,~ 018,51, and not earnings $2,767,962.09, of which $1,722,450.66 biaa beon paid out in interest and purchases, and balance carried to income ac- count. Tho Company woro oporating, July 1, 1878, 05,767 miles of line, 164,471 miles of wire, and 6,740 officos. During tho yoar 14,466,833 ‘mossagos wore dispatched. Manitoba auothor oxcitoment, and at ‘Pprosont sooms to bo on the vergo of a civil war, growlng out of thoarrost of Louls Tiol and Lopino, his Adjutant-General, for their connec- tion with tho succossful insurraction sgainst the Conadian Govornor, McDougsl withstanding the plodgo of full and unqualified amnesty for all tho acts of tho Provis- ional Govornment of Rod River snd of all the actions connocted wWith tho insur- roction of 180, Riel has boen arrosted and {8 now on trial, and tho probabilitios aro that Lopine will bo convicted and executod. Tho anti-Catholio population, bound togethor in tho Euglish parishes by Orange Lodgos, hus lenguod iteolf togothor to support tho prosocu~ tion, whilo tho oxcitablo Fronch Catholics havo also lengued themselvos togothor, and will pro- ceed to extromo mossuros it oithor of tho pris- onors aro punishod. Tho disgracoful troachory of the Canadian Governmont, in violating its act of smnosty, scomn destined to bear bitter fruit. Tho Bloomington Panlagraph is in high dud- goon at what wo enid about tho inoxpedioncy of paying off a national dobt drawing 534 por cont interest with monoy worth much moro than that porcontage in tho hands of the people. It says: As to thero being no economis side to the argumont for pnyiug off the debt, oven tho moat stupld cannot fail to seo tho policy of relioving tho country, s speci- ily a8 possiblo, of tho drain of over & hundred mill- {ons a year for interest,—a drafn which fn tho naturo of things must last us long aa tho dobt lasts, And as wo havo alreads sald, the only honcat way,—nny, tho ouly practicablo way,—toget rid of tho dobt{y to pay it, 1t is practicable, of courso, for & man to bor- row monoy at 10 per cont intorest to pay & dobt of 10,000, having still 20 yours to run, snd drawing only G per cont Intorest. It is pos- sible also for tho financior who adopts that plan to bankrupt himself boforo ho gots tho debt en- tirely paid, and when that ovent takes place ho will undoubledly bo consoled it somabody tolls him that bo has beon rolieving humsolf of o draln of €660 per yoor, It will, porhaps, gratify him still moro to bo told that the only honest way to got rid of o dobt (uot duc) is to cripple his business in ordor to pay it boforo tho oreditor wants it. As the most fitting commomoration of tho sccond anniversary of tho groat firo of 1873, wo print this morning & tabulr statomont of tho progress of tho past yoar in tho work of rebuild- ing, The amount of work naccomplished is nomly two-thirds as much as that of tho procoding yonr, and statisticans will ba intorosted in . knowing that 87,018 linial fect, or more than geven miles of frontago, of brick, and stono, and iron, have boon erocted with- in the last twolve monthe, It Is o mattor for rojoicing and thanksgiving that, in spite of tho sudden and overwholming losses of two yonrs 2go, and thio unparallclod strain upon tho entire community in supplying what was destroyod at that timo, OChicsgo has boon able to pass through tho trial of tho recont financial panio with less distross than any other important city in tho country. It is mot alone to tho indomitablo pluck and onergy of tho Cbicogo peoplo that tho credit of thia groat progress bolongs. Tt bolongs to tho whole Northwost, which, by it abiding faith in Chicago's destiny, and through ita liboral contributions to Chicago's buslness, hns rondered possiblo tho marvelous resurrec- tion which fills tile mind with wonder, and com- ‘manda tho admiration of the wholo clvilized world. Wo print this morning the grosting addrossod by the “Old Catholics ™ of Gormany to tho Evangolical Allianco, now in eossion in Now York City. It s signod by Joseph Hubort Reinkons, the “01d Catholi” Bishop, Dr. Yon Schulto, Prosidont, Dr. C. A. Cornolius, and Dr. Augusline Kallor, Vico-Prosidonts of tho Asso- clation, and sota forth, in an intorasting man- nor, tho prograss the Old Catholics huve made, and their plans for the future, Among tha abuses which thoy mentioned a# havingbeon abandonod aro abeolution and the exaggerated dovotion to tho * Holy Mothor " ; and tho goneral dosign of thio movement is *to roplaco tho roign of arbitrarinoss and contralized absolutism by lawa which cofncide with tho spirit of lovo and unity, in which the communion of beliovers should ho guided.” Tho bost wishes aro expressod for tho succoss of the Allianco and tho hope of a rocon- ciliation In {ho faturo of all Clristian oroods, Waoaléo givo the lotter of Pers Hyncintho ad- dressod to tho Evangelieal Allianco. Aftor ox- prossing zogret that Lis dutles will not pormit litn to bo prosont, ho says that bis ambition is t0 800 somothing moro than au allinncs,—* an organio and total wulty” of tho Chrlatian Churchies, Huch a dosign as this ho has discov- ored I tho earlior traditions of the Church, and ho belloves that it iy tho will of tho Divine Foundor that it should bo worked out. For a moro dotatlod acoount of his prosont work with this ond In view, Poro Hyacintho rofors tho Alliance to tho Rov. Pastor Goulin, of CGonova, who Is a dologato ta the Couvontion. Thora was somo oxcitoment on 'Ohango yos- tordny over a report that grain rocoipty had boen Issued fraudulontly from tho elovator of Mosara, R, M. & O, 8, Hougli, An inquiry was scton foot by & Trisiuse roportor, which rosulted in obtalning th tostimony of Mr. Stophon Clary, tho Mogialear, that irrogularitios had tnlon placo in conncotion with that olovator which would bo suitablo for tho Invostigation of tho Grand Jury. Tho porson in clargo of tho Tlough olovator, however, doniad that any un- common " irregularitios had takon placo. What an uncommon irregularity may bo ab this olo- vator wo do not know. About tho tima that *'hot corn" was raging in this communily Inst spring, Mr. Tlough shippod out of his olovator #omo 50,000 bushiols of corn bolongiug to othor partios, in violntion of law, rondoring himsolt linblo to indlotment thorofor. T'his offense way passed over for tho roason that tho olovator noodod ropairs, and it was nocossary to gob the grain out spoedily lost tho building should fall down. The irregularity thon consisted n Bir. Hougli's not buying up tho roceipts boforo ship- ping tho grain out. A slight misunderatandiug aroso betweon Limself and tho owners of tlio graln respocting the prico to bo paid for it, the Ilough olevator bolng ono of thoso fn which hot corn had boon proolaimed ; but it was gob along with somehow, Tho casoe now undor consideration dosorves to recolve the attention of the publio oflicors charged with tho oxecution and onforce- mont of tho Warchouso law, Probably Mr. Hough hns not intended to detraud anybody, but it is ovident that his mothod of doing business i incompatible with a high siate of commorcial ecurity. THE FINANCIAL NEWS, A comparison of the roports from othor citics with tho monotary and commoteial nows colloot- od in Chicngo yostorday cannot fail to afford mat- tor for congratulation to all who aro intorested in Chicago's wolfaro. From ovory point of viow, Chicago ocoupios & bottor position with rofer- once to the recont panic and its offccts then any prominont city in America, It 18 thio only city of gront population and commor- clal importance in which tho banka ara pursuing anything liko their ordinary businoss. TFrom St. Louisit is roported that tho Union National Bank has gono into liquidation, that curroucy is searce, and business dull. In Detroit, tho railroads, which pay employes on tho 10th inst. will only pay nbout onc-halt tho wagea in curroncy, giving cortifled chocks for the other half, In Pittsburgh, there has boon a failure in the dry goods trade, the promiuont firm of McElroy, Dixon & Co. having suspouded. In Now York, groonbacks nro still at a promium, ranging from 8jto 18/ porcout, In Chicago, wo havo no nows of this kind, and there are no prosent indications of tho financial disiress which must be incident to those announco- ments from elsowhere. Tho bank doposits st incrensing, and thore scems to bo amplo cur- roncy to transact tho business. Tho Third Na- tional Bank, which reopened its doors yosterday, was not at all bard-pressed. Tho banks in liqui- dation are settling rapidly with their croditors, and will without doubt pay dollar for dollar. A movement is aleo roported having for its object tho resuscitation of tho Union National Banl, Tho Stock Exchange in Now York wag in tho samo flurry yostordsy thet it has suffored for two or threo days past, with wide fuctuations. The Vandorbilt securitics wora particularly un- unsottlod, and o still groator fall Is predicted New York hiad a roport yesterday that Semator Cameron had Dbeen in consultation with Prosidont Grant about the $44,000,000 “rosorvo,” and that both coincided in opposing its issuo or any part of it. Ttis suspected that tho roport was intended to “ boar” tho market; but oven the fact that somebody is drawing on tho “resorvo” ovory day does mot scem to have the effect of *bulling” the markot. “ho amount of outstanding logal-tender has been still further incrensed, and is now stated to bo $358,066,488. Tho most favorable nows from New Yorkis that tho National Trust Company has resumod (which probably means that it fs doing business on the samo basis with the othor Now York baoks), and that the Union Trust Company is maling preparations to resumo on the 16th inst. TO THE COMMITTEE OF SEVENTY. Tho platform adopted by tho Committos of Sovonty leaves the reader somewhat in doubt ag to tho specific object of the movement in its ro- Intion to tho municipal election this fall, If it is tho purposo of tho Committes to conduct tha campaign with main reforenco to the erimo of Babbath-brenking, thoy will fail. However ex- citing this issue may bo to cortain oxtromists, it g beon altogothor obscured to the publio mind by questions of immoasurably greator import, such g8 tho financial stringoncy, tho monago- mont of tho city finances, tho building of tho Court-Houso, tho proposed robbory of tho pooplo of Chicago by tho holders of rail- rond-nid bonds, ote. It it is tho purposo of the Committeo of Boveuty to oularge their ephere of opoerations boyond this, and to suppross tho ovila that Inclta crime and disordor, their objoct Is good one, and ought to suc- cood, though it Is rathor a nocossary incident of the campaign than the chiof issue, Wo desiro to sk the Committoo of Beventy, thereforo, whether, in estimating tho cauacs of disorder and unlawfulness, they intond to inolude overy- thing fluid which s man pute into his stomach, from gingor-pop up to brandy, absiutho, and benedictine? We have no sympathy with that spocies of procrustesn morality, if it can bo callod such. Undoubtedly it is botter and safor for tho City of Chicago that such a cont of mail should be put on overy man, woman, sud child, than that the Hesing-O'Hara rabblo should seizo tho City Government and the Pub- lie Trensury. But surely there ought to bosomo alteruative for thosoe citizens who neithor waut to imposo thelr own notions and traditions on othor poople nor to allow orime to go rampant on any day of the weok, ‘Wa suspect, from the action taken by tho Com- mitteo of Soventy, that tho gontlemoen who aro its supposed leadors hiave not been able to rid themeolves of their porsonnl bias on mattors with which Governmout has nothing to do, ox- copt In tho way of polica duty. It this ia truo, theso gontlemon uro not acting so much in the eplrit of reul roform nw they aro in the lino of individusl projudiccs. If thoy slnll procood in tho dircction wmow indi- cated, thoy will bo likely to brood a controvorsy which thoy cannot measuro, ‘Thoy will drivo, as with awhip, & lnrgo class of law-nbiding, worthy, and Iinfluentinl citizons into the ranks of tho fosing-O'Harn tribe, aud thus add moral strength to tho numorical foreo thoro congrogat- od—which {a Just what they lack. Suoh mon as Goorge Bchinoldor, Erngt Prussing, Jullus Ro- sonthul, Franols Lacknor, Louis Wahl, Fredorlck Bauman, Dr. Ernet Schmidt, Edmund Jussen, and many othora of like character, have no incli- nation to act with the esloon-bummor, Thoso mon are nolthor drunkards nor the frionds of druvkards, Thoy are among our most useful citizons, bLolding high position as lawyers, physicians, bankors, manufaoturors, merolnnts, oto. “Lot them como to us, thon," say tho Committoo of Soventy, They will not do so. They oconsidor that their rights a8 froo mon, in common with thoir notlonnlity, have beon trampled on withe out cnuso, and that it this invasion of a harmloss custom, eanctioned by both Churoh and Stato in thoir native country, and commond- ed by Martin Luthor himeolf, is not- resisted in evory legal manner, tho noxt invasion will bo somothing worse, They will not go with you in that ontorprise, and we shiall not condomu them for rofusing to dowso. We have nover baen able to 8oo tho wisdom or necossity of this rald upon Ingor-beor. Possibly a cago of disorderly con- duct can bo found now and thon, where o native or foreign born citizen has commoncod his sproo on whisky, and finishod it in o Ingor-beor saloon. The quostion ia nob whother you can find 8 fow cases of this kind, or oven o fow cosos still more raro whoro &°mon bas guzzled so much lagor that the 8 por cont of alcohol which it containg has finally eapsized him. 'Tho question of social ro- form to bo considored is whother thoso fow cagos aro to outwoigh and obscure ovorything elso—whothor for this small offense onc-third ot tho population of Cblesgo aro to bo deprived of an onjoyment to which they hinve boen acous- tomed from infancy, which is in the main harm- loss, and which s, to multitudes of thom, tho only sort of soclal enjoymont snd rocreation thoy havo. Wo hopo it will not bo nocossary to chooso botwoen the two extremoa ropresented by tho Hosing faction on tho ono hand and the Committee of Soventy on the other. ROBBERY OF THE MAJORITY OF THE PEOPLE. Wo havoalready pointed outto our readors the groat tax-robbory comploted nt Springfiold by tho Btato Board of Equalization, in inorossing tho gonoral asscssmont, that the payment of the ‘principal aud intorast on tho rallrosd-aid dobt of #omo of tho countios and towns of tha State might bo tranaforrad o tho Stato; aod that the wholo pooplo bo taxed a million aud & halt s year ot tho domaud of tho holdors of theso bonds, robbed from the municipalitios in tho first instanco, Tho principal of this railrond-aid dobt is over thirtoon and a half miilions of dollars ; tho scoumulation of unpaid Intorest is rapid when the rato is cither 8 or 10 per cent, ond tho annual chargo for interost is noarly million and a quarter of dollars, That tha poo- ple who aro to pay this tax to pay this onormons debt and annual interest may know who owo tho debt, and tho proportion tho dobtors bear to the wholo population, we have compiled tho follow-~ ing tablo, showing tho amountof raroad-aid bouds now outstanding and duo by tho soveral counties, and clties, and towns of the State, and tho population of the municipalities who owe the dobts. This intorosting liet is as follows, aud is worth prosorving: Population, 66,803 13,163 12,205 4,739 11,680 5,481 20,303 18,710 15,876 25,235 14,708 13,484 21,460 10,040 2,401 9,103 8,752 11,134 Towns, Clismpaigi Glowm Chuistian s DoWitt.... 5 towna, Douglus. TLivingston (8 towns). ... (3 to ) D) 2,000 Madivon (1 fown Marahall (4 towns)., Mason, 10,085 2,838 580 13,723 5,920 80,708 20,850 14,119 1274 40,05 1,410 Btark, .. e Bt. Clair (4 towns). ‘wzowell. It will bo soon that o population of 1,085,258, out of & total in 1870 of 2,630,801, orloss than 40 por cont of tho wholo pooplo of tho Btate, have pormitted themsolves to bo seduced {nto contracting o dobt of 13,500,000, boaring an annual futorost of about §1,200,000. Many of tho localitics cannot, pay this dobt, nor can they pay tho jutorest. T'his tho bondholdors kuow to bo truo, 80 thoy have cooked up this plan, whotaby, with tho aid of thoState Auditor and tho Toard of Equalization of Taxos, tho paymont of this dobt and intorost is put upon tho othor 60 por cont of tho population who owo no such dobts, In tho bhistory of logislation and of tho admivietration of flnances, mno procedent ean be found for taxing ono man to pay tho privato dobt of auothor; for taxiug ono oily, town, or county to pay the dobts of somo othor city, town, or county, Tho whole thing 18 & grosd violation of law, and an usurpation of power to bolstor up the orodit of thero railroad bondy, most of which woro outragoous swindles, and anable tho ringa to pocket tho prococds. This county will be taxed to pay 300,000 to pay tho lutorest on theso bonds, and & pro- portionate sum to pay tho principal, Kano Qounty, Winuobago County, Aloxander County, Madison County, and all tho othor couutios which donot owo any county debts, aro to bo taxd to pay honds fasucd by othor communitios. As an’ filustration of tho reckloss mannor in which theso bonds wero lssued, wo clto a fow oxamplos, giving tho amount of bonda lasuod by soveral towns and tho population of tho samo towns : Nondr. Population, 10,000 2,618 100,000 9,618 Vi 25,000 a0 ia, Tayolto 0,000 2,401 Drummers’ Grove, Ford Go.. 42,000 ‘668 Warsaw, Hancock Co. 84,000 3,583 Tovejoy, Iroquols Co. 10,000 240 Tilo, Knox Co, 80,000 1,10 ML Puland, 40000 (15} Tho valuo of bonds Isanod undor such clroume stancos may bo ensily estimatod, and the anzioty of tho bondholdorsto havo thisdobt, principal and intorest, trausforrod to tho wholo Stato, and os- pocialy to Cliieago, will oxplaiu the tromondous offorts mado at Springflold to farco through this outragoons xobbory. Of courso no tax loviad upon tho wholo Stato to pay theso local dobts will bo paid until overy logal moana of toating ita validity s oxhausted. Tho Constitution of thio Btato Is oxplicit in its probibition of this ecliomo; and tho following clausos woro fnsertod for tho oxpress purposo of proventing and do- foniing any rald upon tho Stato Troasury by tho bolders of theso hondas Tho Btato shall nover pay, asssume, or bocome To- ‘eponsiblo for tho dobta or Lsbilitics of, or in auy mon- ner give, lonn, or oxtend ita credit to, or in ald of, any ‘publi or other corporation, association, or individual, (8ee, 20, Art, 4.) Tho General Assernbly shall havono power to releas [ or dlschargo any county, city, township, town, or dls- trict whatover, or tho inhabitanta thoreof, or tho prop- erty thoreln, from their or ta proportionato sharo of taxea fo bo loviod for Blato purposcs; mor sball com- ‘mutation for taxes bo suthorized {n any form what- over, (Boe. 0, Art, 9.) All taxes lovied for Btato purpases shall bo pald into tho Stato Treasury, (oo, 7, Art, 9,) No monoy shall bo drawn from {hie Treasury oxcept in pursusnco of an appropriation mado by law, aud on tho presontation of & warrant lssued by tho Auditor thoroon. (Sec, 17, Art, 4) Notwithstanding theso clear and omphatic provisions of tho Constitution, 1, all taxos lov- ied for Stato purposes aro not paid into the Btato Tronsury ; or, if g0 recelved, aro, 9, drawn therefrom without any approprintion theroof for that purposo; and aro, 8, applied to the pay- mont of privato debts and linbilities of corpora- tions; ond, 4, the property of varlous countles, citios, townships, and towns, is, by the Auditor, roleased and discharged from tho paymont of ita proportionato sharo of taxes lovied for Stats purposos. This wholesalo violation of Inw is committed in tho interest of theao bondholders, that tho Stato may bo mado to pay theso §18,000, 000 of bonds, which have boen, or will be, sub- stantially ropudiated by tho corporations that havo issued thom. THE GERMAN REPORT ON NORTHERN PACIFIC. The report of Horr Haas, tho Gorman oxport and ono of the Governmont Directors of the Prussisn railways, upon tho advantages offored by the Northorn Pacifio Railway a8 an invost- ment, which.was publishod in our last isano, is ono of tho most important, impartisl, aud ex- houstive documents of tho kind over Issued, tho truth of which is vory atrikingly oxemplitied by tho disnater which has ovortaken the entorpriso. Herr Hoss has invostigated the Northern Pacifio, free from any undue influonce in its favor on the ono hand, and withont any projudice against it on tho other. He los hold the scalos with an oven hand, and, fairly estimatingithe advantages and disadvantoges, finds fhot tho latter outwoigh tho formor, In ronching this decision, overy important detail in connection with tho prosent condition and futuro prospects of tho rond, financial snd othorwiso, has bean thoroughly sifted. Ho has examined its chartor ; tho goo- geaphical nnd topographical fenturcs of tho lino; tho cost of construction and tho means provided for construction ; the popum- Intion of tho Blatea and Territorics ihrough which it runs, and the probuble Tato of incronso for soveral yenrs to come, as woll a8 tho productive capacity of tho country in thoir bonrings upon tho future trafio of tho rond; tlo prospects of looal business and tho influonco of tho Aslatio through trade ; tho value of the land-grauts and thoir capacity to ultimate- 1y redeem tho bonda; and the manner in which the rights of the bondholdors are protected. Evory ono of theso details is subjected to the cool, cloar-headed, snd far-scolng criticism of an oxport, who prosonts every favorablo aspoct of tho road in just as strong light os tho unfavora- blo ones, and then, putting tho two togother, comosto s decislon, boyoud which thoro lios no ap- peal, that it s not for thoadvantago of Europoan capitalists to invest in thoso bonds, from tho fact {hat the Company cannot pay the intorest on its obligations for & long timo to como, and that & mero possibility of such a payment in tho distant future, when the country is sottled and trado hao eprung up in tho region through which tho rosd rung, is not suflicient to commend the bonds to European capitaliats, Tho manuer in which Horr Hans arrivos ab this conclusion {s very simplo, and, ot the samo time, vory convincing. o limits his inquiry to threo practical quostions, as follows : * First— Are tho moaus provided for tho conatruction of tho Northiorn Paciflo Railway adoquate to com- ploto tho lino ready for traflio ? Sccond—Doos tho finished line offor tho necosenry guaranteo that tho uet profit of its incomo will yiold the sums required for the half-yearly paymont of tho stipulated rato of intorest on tho bonds ? Thira—Will tho sums roalized from the ealo of lands suflico to redeom tho bonds within thirty yoars 7" In rogard to tho first point, Lo shows that tho ostimates for buildings, including ropairs, work- shope, and stations, and tho working capita), out of which must bo provided 120 locomotives and noarly 2,000 cars of varlous kinds, aro low out of all proportion to tho length of the rosd, and mmat, of nocossity, bo greatly increased, With rogard to the vory importaut point, whether the Company can ostablish & traflic which will guar- antoo the paymont of the half-yoarly rates of intorost, Torr Tans mokes an oxtromaly lntor- osting and caveful estimato, basod on tho statis- ties of population in tho Btates and Torrl- torios through which tho road will run whon comploted. Tho yonrly futercst amouunts to §7,800,000, to produco which would roquire a gross incomo of £20,000,000 por yoar. Herr Hage thon gocs on to ubow that 1t Is extromoly doubtful whothor sn aron of 630,017 squaro milos, with an aggrogate population of 598,147 porsons, can insuro a buslnoss whioh witl pro- duco an Incomo of $20,000,000 per aunum, aud furthormoromaintaing that tho incroase of popus Iation during the noxt ton yoars, which, judging Dy tho returns of tho past ton yoars, will not ox- cood 16,000,000 in this aros of country, will not ylold an incomo eufliclont to pay tho ine torost out of tho not profits, The Asiatio through trado ho doos not cousidor as any moro promising than tho local trafilo, becauso, fn the frsb placo, tho Northorn Pacifio caunob affoot any shortoning of distanco until the brauch road 18 complotad; aud, sccond, becanso Now York, Ohicago, and San Franclsco aro too closely aon- nooted to afford any probability that tho sgen- ofon at tho lattor olty will ovor Lo discontinued, With rogard to the third point, whothor tho sums roalizod from tho ealo of lands will bo suf- flclont to rodoom the bonds within thirty yoars, Iorr Hans hag no doubt ns to tho ultimate rosult. o pronounces the lands rich and productive and fitted for colonization. Tho entiro amount of bonds, avon It rodcomed at 10 per contabovo par, 18 $110,000,000, whilo tholands at tho minimum Govornment prico aro worth $125,000,000. But, on tho othor hand, it 18 in- ovitablo that for sevoral yoars tho ealos must bo emall, a3 most immligrants profer to avall them- golves of tho advantagos offerod by tho Homo- stond Inw, ‘Thus it must bappen that for somo timo no substantial advance can bomade towards paying intorest, and simultancously tho oarn- inga of tho lino will nob produce the roquisite amount for tho paymont of intorost, so thoat, undor tho oporation of these two oaunos, bondholders must bo compelled to forogo intorest for somo time, Iorr Hasa further sup- Dloments his examination of theso throo polnta by the statomont that, ovon undor such eritical olreumstancos as thioso, the rights of tho bond- holders aro not sufficiontly proteoted by the mortgago of 1870. Tho powars conforrod upon tho Trustecs by this instrumont, in caso of do- foult of paymonts of Iutorest ot various timos, to soll Iands and to tako possossion of tho rosd and work it, Horr Hasa very quiotly romarks ars no additional protootion, from tho fact that Trusteos cannot soll unsalable lands any bottor than the Compnny, and that they cannot convert o non-paying line into o paying ono any moro zoadily than tho Compnny can, Wo have given tho substanco of Horr Haas' roport, ovory point in which Lo fortifics by unansworablo facts and figuros, and overy point in which moreover has beon fally justified by subsoquent events, The report has answered 1ta purposo in Gormany by warning thor capital- ists in timo to savo thom from investing in Jay Cooke's balloon enterprise. It should slso angwor a vory useful purposo o8 a model for Con- gross to imitato, when it undortakes hereafter to inveatigato railrond enterprises, In clenr-hond- odnoss, sound, hard truth, rigld impartiality, and oxact, suceinet statomont, 1t is in rofroshing contrast with tho long-winded and ballooning Congressional roporta on tho Paciflo ronds, ANOTHER **JOB” IN THE COUNTY BOARD, ‘The Board of Jounty Commissioners, with but four dissenting votes (Harrlson, Gallowsy, Jones, and Lonergan), votod yostordny to take & cortain portion of tho Ohicago Zimes bullding for tho Recordor's office, *“at o rontal to bo mat- isfactory to tho Board,” which is understood to bo $6,000 per annum. Thoro wore othor build- ingy offered at » lowor rontal, with botter loca- tions and moro room, and, in view of this, Mr, Harrison and two or three other Commissloners enrnestly endoavored to induce the Board to in- speot and considor all thoproposals ; but they waro siloncod and voted down under tho leadorship of Sam Ashton. Tho Marino building was offered for §3,600. Tho * Lakosido " building, locatod noar tho Grand Pacific Hotel and directly op- posito the now Government building, offered 6,760 feet of room with largo vaults for £8,780. Tho building Nos, 64 ond 66 Fraoklin streot offered 6,400 foct of room, with vaults to be built of tho sbope sud capacity to suit tho Re- corder, for 3,600, Theso offers woro all thrown out in favor of tho Times building, located in an out-of-the-way placo, which affords but 8,200 foot of room with small vaults, for which tho owner wants 97,000 & yoar ront, but will probably compromigo on 26,000, 1t is currontly roported and bolioved that tho ronting of tho Times building to the county i tho rasult of o compaot botween tho editor and ‘propriotor of the Tmes and tho Hosing-0'Hara faction, by whioh tho former ehall support tho Iattor in tho coming election in consideration of tho rental of his building. Time will show whothor this ramor is correct or nof, Bo far, 1ihero aro four or five very suspicious circumstan- cos about tho action of the County Commissionors yostorday, viz: (1) Tho Times building, though comploted noarly & yoar, has ot ronted a singlo office, on account of the natural roluctance of tho public to occupy quarters in which that shoot I8 printed; () the prico asked for room in tho Times building is considorably greator, and the accommodations furnished considerably lees, thon othor buildings offor; (3) the Times, though . characteristically vituperative in fts trontment of tho Hesiug-O'Hara combination horetoforo, has Lad nothing of consoquence to say about it sinco tho Baturday night mooting, though the whisky party placed itaelf at that timo in aworso light than ovor; (4) all the Hesing members of tho Board of County Com- missionors voted in favor of tho Times, which thoy would not have beon likely to do oxcept a8 por sgreement betweon the high contracting partios ; (5) somo of the membors who voted for tho Zimes noarly chokod them- solvos with explanations, doclaring that thoy were not afraid of Mr. Storey | Mr. Ashton and Mr. Orawford wero as bold as sheep in tho omer- gonoy, Ifthoyhad boen voting Lonestly, thoy would hove snid nothing about it. Tho whole thing s ovidontly s swindlo. Itisnot yot fully consummated, but it is intended to be dono to- day, unless public opinion is sufliciontly aroused to frighten tho conspiratora away from thoir ooty MICHIGAN. The Constitutional Commission fe= fuso to Extend the Rights of Women «=Othor Business ‘Transnctod. Spectal Dispatch to The Chicayo Tribune, Laxsino, Mich., Oct. 8.—Aftor four dnys' ro- coss, tho Consitutional Commission roassom- bled this morning. Thoy considerod to-duy, at cunsiderable length, the woman question and prohibition. Aftor a longthy debato, iu which Judge Withoy, of Grand Rapids, arguod for ‘Woman Suffrage, tho scotion making women oligiblo to offico was struck out. Bovoral un- #uccessful attompts wore mado to save ft by modifying It 5o that women might bo eligiblo to all but judiolal positions, or by limiting them to sohool and otlior apociflo oficos, In tho othor matter, tho usual remarks as to tho Inofticacy of the preaont prohibitory systom wore mado in tho Committeo of tho Whole, and o disposition was shown nmong the friends of prohibition to compromise upon a systom of specifio taxation upon liquor-sales, The Com- mixslon finally sgraed ou clanso roquiring tho TLogialatura to rostriot and rogulato thio traiio by law, and impose s spocinl tax, and added o furfhor anv(n jon againet tho ealo of liquors to ‘minors, diots, insano porsons, eto, Judge Wolls offorod an amondment to tho sootion on ominont domawn, by whioh componention for tho withdrawal of wae tor might be socurcd to riparin ownors bolow dams, The proposition created somo alarm, sovoral gontlomon thinking it likoly to bo construod into tho ostablishiont of the right to condomn private proporty for tho beueflt of ‘mills and manufacturors, Othors supported it, and tho soction on eminent domain was finally #o altorod as to authorize tho taking of private property for thoe oponiug of roads, tor improving navigablo stroams, sud for waler-powor, whon tho pnblio intorests domand it. I'hio soction forbidding a goneral roview of the 1awa horenftor, wna atruck out, Businoss ongegemonta lave compolled the roslgnation of - Commigsioner Giddings, of Tomoo, in tho Seventh Congrossionnl Distriot. WASHINGTON. Appowntment of an Indinnn Man to Ito Consul at flavre==Mlovoments of the President and Kis Onbinet, Speefal Dispateh to The Chicago Tribune, CONSUL TO MAVIE. Wasmnaron, D. 0., Oct. 8,~Col. John A, Bridgoland, of Richmond, Ind., who was to- day appointod Unitod States Consul at Havro, was o Buporvisor of Intornal Rovenuo prior to about two yonrs ngo, and recelvod an offor from Prosidont Grant of tho offico of Commissloner of Intornal Rovonuo, whioh ho deolined. The position to which lio hna just boou appointed is inoro luerativo, and muoh more agreoablo_than any Lo would have acceptod fn tho Unitod Btatos, tho salary of which s €6,000 por yoar, with foos amounting to abont ng much moro, Col, Bridgoland will suporacde D. L. Glasgow, of Olio, who Ia appointod Consul at Glaegow, Seotland, which oflico hea a mmallor salary but much Inrger feon’thau tho Cousulate ab Iavro. Dridgolaud s an intimato frioud of Sonator Mor- on. THB ACTING SBECRETARY OF THE TREASURY., All of tho important business of the Treasury Dopartmont s fallon upon the aged aud vou= orablo Asslatant Becrotary Hartloy, during the absoucs of Baorolary Rolardson akid Awistant Socrotary Sawyor. Judgo Richiardson is oxpoctod to raturn hora trom Now York to-morrow, AT THE GUAVE OF OEN. BAWLINS, Tho Prosidont and the mombors of his Cabl not, and_Gon. Babeock, o brothor of tho lato Qen. John A, Rawling, and sovoral porsonal frionda of 'the docended Boorotary of War, wore prosont at tho Congrossional Cometery this aftornoon, to witness tho transfer of tho re- maina of Gon, Rawlins from tho vault in whicl thoy Linvo roposod sinco the day of his funoral to & grave proparad for their recoption in tho samo comotary. Tho only significant accurronco was tho planting by tho Prosidont of an over- froon on tho gravo of his doconsod Chiof of THE BRAVE DESERVE THE PAIR. Prosidont Grant, acoompanied by Gon. Babs cock, Socrotary Dotknap, and Postmastor-Gon. oral Craswoll, will attond tho fair at Pimlico, Md., to-morrow. A spocial car hog boen placod at thho dluposni of tho' Prosidoatial party by tho ralirosd company, {To the Assoctated Presa.) ROCK ISLAND MILITARY PRISON, WasmnoToN, Oct. 8,—The Becrotary of War as appolutod & Conimiasion for tho orection of & milltary prison st Rock Islaud, Til., s follows: Col. Nolion A. Miles, of tho Fifth Infantry; Licut.-Col. Willism . Fronch, of the Secon Astitlory; 'Mj. Thomas F. Barr, Judge Advo- cote; tho Rov. E. O, Wines, of New York, Scor retary of tho National Prison Association ; and 5.3, Brockway, of Dorlt, Maj. Yare s p- pointod Rocardér of éo osrd. Tiio prison fate 0 oxclusivoly for tho confinement and roformn-. tlon of offondors against tho rulos and laws of tho army. Tho Boorotary of War la to visit it at loast somi-aunually for inspoction. Tho Coni missionors from civil lifo slnll bold thoir ofiices for thro yonrs, and ehall bo paid 56 whiloon duty and thoir nocossary traveling oxponaos, while ofticers of tho army shall bo subjoct to 70" moval by tho Socrotary of War, POSTAL BERVICE EXTENSION. Postal sorvice was orderad to-diy on_tho Grand Rupids & Indions Rallroad, botiveon Wal- ton and Travorso City, Mich., to commouce Oct. 28. APPOINTMENTS. The Promdont to-day appointed Samuel L. Glasgow, of Towa, United Statos Consul at Glas gov, oud John A. Troggolaud, of Indiaus, Uni- tod Btates Conaul, at Havra, ¢ TERSONAL. Tho Prosident will loave to-morrow to attend tho Maryland State Fair. FIRES. A Fire at Rtocik fsland Attended With Loss of Life, Special Dispatch to The Chicago Tribune, DavENronT, In., Oct, B.—A firo broke out in & row of old framo buildings in_Rock Tsinnd, this morning, reaulting in & logs of only €1,000. Bu attor tho flames had boon subdued, the charre body of & msn. kuown only by ‘tho namo of Whistling Jack, was found in tho ruine, Ho bad boon buriled to'doath. Twenty Buildings Burned in Mt. Vers nony Ne Yo £u flamos, Tho Post saya thnt twonty building hnvo baou burned, and that tho losa will be §50,000. Among tho buildings burned iu Mount Vernon 1s tho Enst Chostor Savings Dank. A man was eaght fn tho act of startiug tho fro. The Wagnor brush factory, in Morrissania, snd residenco adjoining, woro burnad oarly 'this morning, TLoss, §10,000; incendiory mot ur- zosted. - Whilo this and tho Mount Vornon firca woro blazing, au_incendiary fired an unoccupied Vuilding in Wast Farms, aud it vas baruod to the ground, No arrest. Near Milwanlkee, Mrwavrer, Oct. 8,—1ho residenco of John TFishor, one milo west of Hale’s Cornors, was de. stroyed by firo to-day. Fisher ostimates his loss at $2,000. Ho had an msurance of $1,800 in the Aechancs' Mutual, of this city, In New ©Oricans. Nrew OnLeANs, Oct. 8.—A fire to-dny destroyed the squaro of 'buildings bounded by Mariguy, Mandovillo, Good Childron, and Morilos stroets —nbout forty small housos, Loss, $50,000. At Toronto, Canada. Tonoxto, Can,, Oct. 8.—A firo, this morning, burned Walker, 'eolo & Co.'s engine aud boiler works, Loake's wharf, Irwin & Co.’s enpgine- shop, and & number of' gohooners at the wharf, which was dsmaged. Tho loss is hoavy. —_— e CONSUL TO HAVRE. Fpecial Diapateh to The Chicago Tribune. Rionxonp, Ind., Oct. 8.—A telogram wag re- coived horo to-night from Col. John A, Bridgo- laud, of this oity, now in Now York, announcing bis focelying commiseion o-day s Cousul tG nvro, OCEAN STEAMSHIP NEWS. Loxnox, Oct. 8.—Tho stoamships Weser and Anglin, rom Now York, have arrivad out. New Yonx, Oct, 8.—Arrived—Stoamship Ponn sylvania_from Glaggow, Conads from Livor- pool, aud Amorica from Bremen. —_— SOCIAL SCIENCE, Bosrow, Oct. 8.—The American Socinl Scionce Association to-dny elected George William Cur- tis, Prosidout and Frank B, Sanborn Secretary. plesaetios s et ytsacrty MARINE DISASTER. ‘TononTo, Oct. 8,—Only 1,000 bushels of wheat of tho cargo of tho propollor Asin will bo savod, Forcing MNationnl Bauks into Bnnice B pLey. Washinaton (Oct, 3) Dispatch to the New York Tribuna, Tho proceodings to-day huve ausod o profty oneral discussion of fho quostion whother Bauks, tuclndingg tho Natlonul Tanls, can bo forcod Into bankruptoy providing thoy rofuso for fourtoon duys to puy dopositars. Amoug the Inw ofiicors of tho Government, ofleors of the Courts, and_thoko i tho Trensury buving to do with its law business, thoro appears to bo entire unanimity iu tho opitiion_that on tho fonrtoontl duy following such susponsions ns ure now com- mon in all parts of tho country, If procoedings in bankruptoy aro filod, Courts Will bo obligad to raut potitions Ho far as to cita thoso concornod £ appoar and. shiow cauo why thoy should ot bo adjudged bankrupt. ‘o opinion lioro Is alac goueral that tho majority of such bank eannot avold bankruptoy under thoso proccedings. I cutimating tho poriod of fourtoon duys, tho day of susporision is not counted, and potitions may Lo filed on the 14th day thoroaftor, This timo will oxplro for tho Now York banks on Monday, and for o largo numbor of Wostorn banks durin noxt waok, ~Whilo in tho casa of tho National Banks tho inw doos not provido for appointing & socaivar for ailuro to_ pay deposltors, o Cou- trollor of tho Currouey will not fail to tnle notice of complaints from dopoltors sotting forth that & Natiouu! Bauk hus rofused to pay dopoxita. Lowt anu F\ From the Lafayelts ynal, A young Indy of Torra Hauto, whilo gotting ready for & party the othor ovoning, was somo- what dismayed whon sho couldn't ilnd her now ghiguon, which sho had puralssod that vory duy. Drawors woro scarchod, tho contonts turned topsy-turvy, ovory room 'in_tho hiouse soarchod bt & could ot bo found. 8o, mating tho bos of n bad mattor, eho hautlly ‘arranged hor old one on tho top of Lor hoad, but lo! whon sho wont to put on hor shoes, aho found tho chignon in tho too of one of thom, 1t had droppod from tho buroau and rollod i

Other pages from this issue: