Chicago Daily Tribune Newspaper, October 17, 1873, Page 4

" THE CHICAGO DAILY TRIBUNE: FRIDAY, OC TERMS OF THE TRIBUNE. TRAMA OF BUNBCRIPTION (PATARLE IN ADVANCR). Daily, by malt A el Wooklyuue 2 Parts of o sonr at tho samo rato, ‘Fa proont dolay and wistakos, bo suro and givo Post 00 co addvoss in ful), including Stato and County. Tiemittancos miny bo mado olthor by draft, oxpross, Post 0o arder, or in rogistered lottors, ab our risks TERAS TO OITY BUNSORIBENS, Dofly, doliserad, Bunday oxcoptea, 2 conts por weok. Daily, aglisored, Suudny includod, 20 conta por woak, Addross THE TRIBUNE COMPANY, Corner Madison aud Dontburn-sts., Ohileagy, 1il, TO.DAY'S AMUSEMENTS. MeVIOKER'S THEATRE~Madison streot, bLotweon Dontborn and, Stato, Eugagomentof Obaridtio Ouali- man, ** Guy Manuering," TIOOLEY'S THEATRE-Randolph strect, botweon Clark and LaSallo, ** Fornando," ACADEMY OF MUSIO—Halstod stroot, batsreon Mad. geon and Moneoo, Jingagemout of Robort MoiVado. * Xip Van Winklo,” MYERS' OPERA-HQUS! Dearburn ana, Stato. Thi iinatrolsy and comicalities, onron_stroat, botwoon Burlosquo Conoorta,™ GLOBE THREATRE—Deeplaines streot, hotwaon Mad son and’ Waskingion. * liayagement of Little Noll. *Fidolla, tho Firs Wait," QUEEN'S OIROUS-Elizaboth atreot, cornor Madi- #on. Afternoon and evening. INTER-STATE EXPOSITION—Lako-Shore, foot of Adams stroat. KAHN'S ANATOMICAL MUSEUM-148 South Clark- st. Bolenco and Art. e —————— BUSINESS NOTICES, FIEADQUARTERS FOR BOYS' OLOTHING, 0. O, OOLLINS, 16 and 185 Clark-st, “TWRNTY.F1VE OENTS' WORTIL OF LYON'S IN. wott Prvdes wil dontrey & oon coekronchenand bue NVILLE & CO., ROYAL IRISH DISTILLERIES, BN B, S s oot holiors o Rhiake LA 105 yordd, | Thelr ol Irlsh whisky ls_rosommendod by, tha i preferento o Franch braudy. Sup- Pitod i Gamiaor oasoe. Uniiod Btatos Bronobs ol Hroad- st., Now Yurk. The Chvagy Tdbune, Friday Morning, October 17, 1873. The Grand Lodge of 0dd Fellows of this State, which has boen in seasion at Bpringfield for two or three daya past, adjourned yeatorday, to moot in this city. October, 1874, Cloud, the oarsman who was engaged in tho attompt to row from Philadelphia to New Or- leans vig tho canals and rivers, was found dead gesterdny in his boat near Plaguemine, 112 miles sbovo the latter city. From catries in hisdiary, it is prosumed Lo died of congestiva chills, Tho Trans-Missouri Irrigation Counvention at Denver yesterdny ndopted s memorial to Con- gross, asking for o grant to tho States of Nova~ dn, Orogon, Californis, Nebrasks, Kaveas, and Toxas, and to the territories of one-half of the arid lands within their Lordors, the procoeds to, bo dovotod to tho construction of an extensive system of irrigation. The memorial algo aske for the division of the homestead and pro-emp- tion lands, so that thoy will be more equitable in their charactor. The Board of Rnilroud and Warehouse Oom- missioners at Springficld yesterday made sovoral decisions upon complaints forwarded to thom touching railrosd mausgement, tho most im- portant of whichwero: 1. That rajlronds must bill freight by aotunl weight. 2. That they have no right to diseriminate ngaiust small shippers - from tho same point. 8. That (hoy must allow connections to bo mndo from their tracke to cosl-yards, and grant mining companiea all rea~ gonable faclities for transportation, The workmen in the Soutbwark foundry, Philndelphua, who have beon upon & strike £0 long, havo agreed to go to work agsin upen o compromige of one-half on tho reduction of wagea as originally proposed. Theo large woolen factory of Rosenthal & Shuster bas susponded, ond it is feared that this will be folloved by a geueral suspension among the caipet factories, of which there are 200 in the Ninoteonth Ward alone, omploying bebweon 10,000 and 12,000 operatives, The Springficld Regiater hag devoted tho space of two days' issue of that paper to prove that thio ronl value of the real and porsonal property of Cook County is greater than $283,000,000, The skill and mathematical intolligonco dis- played in proving this self-ovident and uncon- trovertod fact would make old Euclid, if living, tromble for his fame. There ars sevoral othor ‘propositions whioh the Register may now demon- strate, such as that 3 and 2 mako four; 6 times 6Gare 36; and 3 into® gooa 8 times. Nobody in Chieago will vonture to question these results. A remarlable and mournful colncidence oo. curred yesterday in the death of two ox-Mayors of Milwaukee. John J. Tallmadge, who was Mayor for two torms, and had been President of the Chamborof Commerce, candidato for Govern- or, and many years Agent of the Western Trans- portation Company, died at Oconomowoe, aftera Jong and painful illness. Tha Hon. H. L. Pago, ‘who Lad been Mayor, Chief of Police, and Sherift of the city, died at Dresden. At the time of bis deatly, ho was traveling in Europo with his fam- ily for his health, As will bo observed by the dispatches, news- paper-propriotors have furnished ome or two items of interesting news, O, 8, Long, tho edi- tor of the Wheoling (W. Va.) Register, baving published an sbusive article againat - Maj. Sweoney, & candidate for the Logislature, was soverely beaton on Tuesday by tho Major. The noxt day's Register contained s still more abu- sivo article, and on the same day the Major met Mr. Baker, tho propriotor, and Mr. Clarkeon, tho city editor. Pistols were at ouco drawn and (ndiscriminate firing commoneed, which resulted in the wonnding of both the newspapor mou. Tho second caso ig that of the proprictor of the Boston Safwrday FEvening Gazetle, who has boen fined $25 for contempt by tho Supreme Court, the offenso belng the pub- lieation tending {o bias & fury in a pending caso. Tho Chicago produce markets were gonorally dull yesteiday, with the trading chiefly confined to local specnlators, Mess pork was quiet and 280 por brl lowor for cash, at §18.00@18.75 ; and steady at $12.97}(@12.60 seller December, Lard was active and oasior at 7940 cash, and 7@7%o soller December, Meats wore dall, and %@J4e lowor, at 03{@Tc for short ribs ; 7@ 73g0 for ehort clear, and 8}¢@10c for mwoob pickled hams. Highwines wero quiet and 1o lower, ot 90a per gallon, Lake freighis wero dull and onsier, ot Gic for corn to Duffalo, Tlour was quiet and onslor, Whost was 1oss active and unchanged, closing weal at $1.02 cash, and €101 sollor November. Corn was loea active, and }{c higher, cloaing nt 363(@ 868{c cash, and 879¢@97%{c soller Novembor, Oats wore moro aotive, but declined 1o, olosing at 80340 cash and 8130 wollor Novombor, Rye way quiot and steady av 6%. Barloy was dull sud da Jowaer, closing at 1,20 forNo, 2 and £1.00 for No. 8. Togs continue dull and declining, the market closing heavy at $8.76@4.80. Cat- tlo and sheop wore in small demand at un- changed pricos. THE FINANOIAL BITUATION, The aituntion in Wall streot yestordny was fovorish aud marked by fluctuations, which gave to tho genoral tono of the marlkot a buoyaney of an unhionliby sort, and oroated a genoral fooling of unoaginess lest it might be only the prooursor of another break. A vigorous bull enmpaign was commonced, headod by Vanderbilt, who recolved his New York Con- tral dividond iu full, and waa roported to be op- orating with tho procoods of $10,000,000 of atock, sold to Gorman bankers. All of the Venderbilt spocinltios, aftor “fluctuating hith- or' and thithor, oclosad ot sa ad- veuco. Wostern Unlon oponed at G4 nand closed at 58%¢; Lake Shora at 06, closing at 70; and Now York Contral at 861¢, closing at 805¢. Gold was heavy, owing to the absence of & vory largo short intorest, tho nearnoss of tho Novomber intorost paymonts on Government bonds, and the steady Influx of foroign speclo. Opening at 1033, it foll to 1073, and closed at 108, tho lowest figuros which it hoa reached since the commonco- ment of the War, Money was oloss during the oarlier part of tho day, but at tho closo was offered down rapidly, Greenbacks wora loss activo at the close, at 3§ to X premium, Tho goneral focling among bankers and merchants was hopeful, and a very oarnest discusslon {8 go- ing on upon the question of resuming greenback payments, as a means of rolief, to enablo tho oconntry to pay its debts, and to rolieve tho banks of Philadelphia and other elties which have re- gerves in Now York from their suspousions. — THE ELECTIONS, The gonoral rosult of tho clections in Olio ond Town still romains in doubt, and officinl re- turns may yet bo roquired to sottle it. In Ohio, the Stato tioket is very oloso, with the chancos favoring the Democrats. _ The Republicans clim tho election of Noyes by 1,500 majority, whilo tho Democrats aro equally Ban- guino that Allen ia elocted by 1,000 mnjority. The very Intost reports favor the chancea of Al- lon, It is conceded that the Demcerats will bivo & majority in the Legislature of from 10 to 14 on joiut ballot, thus gesuring the eloction of Thurman to tho Senate. From Tows, reports continne to bo conflicting. The Republican Oentral Committeo claim that Carpentor has 21,000 majority on a two-thirds voto of tho Btate, and that they have not lost cantrol of the Houso, as has been hitherto sup- posed, but ibat, with the hotd-overs in tho Benate, thoy will have & majority of 10 on joint baliot, and if the Independent Ropublicans are admitted to the party, n mnjority of 20. The clnims of tho Ropublicans, howover, do not tally with thoe roturns roceived thua far, and will bear very liboral discounting, The gencral charactor of estimates from Republican sources sooms to indicate that they are letting things d own ne ensily 08 pcesible, ———— THE ‘‘ NATION” ON WATERED STCCK. Tho Nation is etill lnboring in a heavy sca of watered stock. It endoavors to show now that thero is no connection between the practico among railronds of issuing fletitious stock and tho grievances of which the-farmers complain. To do this it has deemed it only necessary to go over * Poor's Manual,” noto the incroase in the capital stock and dobt of a certain number of roilronds, and also the incrensoin the froight earnings of the samo roads. As it finds that the increago in the freight earnings of theso roads bos not been in the precise proportion of thoe, increaso of stock and indehtedness, it comes to tho conclusion that thero is 1o relation botween the two, and that froight charges depend in no way upon the amount of wator that may have been injected Into the rail- rond stocks. All that the Nation can claim to have proved by this array of figures is that the managers of railronds do not immediately voto to raise freight charges when thoy decide to water tho stock. It needed no ghost to come {rom thie grave to tell ua that. They aro not quite 8o green. It s very evidont, however, from the figures tho Nation presonts, that both tho capital stock and the earnings have been in- croased, though it fails to state how and where- foro. The Nation takes the railroads of Obio to il- Instrate it point, and cites tho casoof the Pitts- burgh, Fort Wayno & Ohicago Railway among othors to prove it, showing that the capital stock and indebtednoss of this road is £35,852,- 616, ond that ite dividonds are only 7 per cent. Then it obgerves triumphantly and innocently : We should like vory much to be informed by eome ono who Intorests himsol¢ iu tho Farmers’ Movement, when ho speaks of tho Directora “ fncreseing tho frolght charges to pay interest on waterod stock,” which of tho dividend-paying T0ds fn Obio he hus In miad. We reply that we have the Pittsburgh, Fort Wayno & Chicago in mind as one of thom,—not that it is singular in this respect, but because there s an oventin the Listory of ‘this rond which onrbles us to stick a pla, bofore going emy farther. Bomo years ago, when Fisk and QGould wore holding high earnival In Erio, thoy mudo overtures (or wero thought to have done 80) to the Fort Wayne Company, with a view to lenstng its railway, aud thereby securing a con- noction, via Maasfleld, with Chieago. The Ponnsylvania Railroad Companybecame alarmed, and immediatoly sot messures on foot to seoure the lense for themsalves. A confor- cuco between tho parties in interest doveloped cortaiu viows on the part of the Fort Wayne gontlemon, which mny bo atated in the rough thus: * The present and prospective earnings of our road ara such, that if wo lense our proper- ty to you on tho oxisting etock basis we shall lose Jargely. You will pay ua a fixed rental on arlsing valuo, and put the difforonce in your pockots, This differonco bolongs to us,” Tho Peunsylvania gentlomon were used to stock- watoring, and henco no Iabored argument was noeded to convinco them of the soundnoss of the Tort Wayne positlon; so they told tho Fort Wayno gentlomen lo estimato the prospective oarnings of thelr road, over and above tho oxlst- ing onrnings, capitalize the amount, and exccute thoe lease on the basls of 7 por cont por annnm on tho total sum of cash and water thus achieved. This was done. Tho Ponnsylvania Oompany secured their Westorn oxtension, and iho Fort Wayne poople got the Ionnsylvania Road as additional sacurity that thelr earnings should nover fall below 7 por cont of tho real and fictitious oapital cooked up at a Directors’ meoting, Tho freight ohurges on the Fort Wayne Road wero adjusted to produce this 7 por cent; for of courso tho Tonnsylvania Company novor intonded to take monay out of their own Trossury to pay dividouds on Tort Wayne stock. Dut, esys the Nation, *the amount which a rollvond 48 able fo collect from producors and shippors does not dopend upon the amount of »lylnb(flluun the Directorsa mny chooss to ‘| ineur* This tho Nation culls a . priort ronsoning, Wo,. . with greator rudoncss, call it letting tho cnt out of tho bag. Tho very. complaint of the farmors, as regard watored stock, i that tho 1nilvonds collect all that they are able to, without rogard to tho capital Invested in tho ronda. Thoro may bo somo agricullurists of tho demagogno stripo who demand that tuo railways shall carry at & fixed prico, withont ro- gard to tholr nctual inveetmont or thelr running oxpensos, In n rovolution like that which hag taken placo in Tows, it would bo surprising if thero woro 1ot gomo unreasonable domand ‘sot up, but wo maintain that no man can sustain himsolf beforo tho farmers or any othor olass upon thoe proposition that bona fide capital, invostod undor tho sanction of law, shall not bo allowed to onrn o falr ralo of intorest If it can. Cortaiuly, wo slinll novor sustain—nover have sustained—nny suck dootrino, The real question in the oaso (though the Nation doos not soem to bave ronched it), is whethor railway property is entitled to eharoin the growth and prospority of the country to tho oxtent of doubling its nominal eapltal whonever it may be supposed that the weaith of tho coun- try hins doubled, or of incronsing itin tho ratio of such supposod increase. Can n railway company sot up o foll-gate on tho highway of commorco, and exact {ho samo com- ponsation per fon or por head for a large traffio as for o small ono? If this proposition is assorted, thon thore is no aceru-~ ing advantago in railways over turnpikes affer the railway is onco opened nnd putin opera- tion. Tho advantage is oxlausted tho day that tho firat train moves over it. Forever aftor, tho railway takos its place alongside overy other speoies of privato businoss, and makos all that thelaw of competition will pormit. This has boon the theory upon which railways have been gonerally oporatod hitherto, Instond of being quasi publio corporations, as they are in law, thoy have assumed to boatrictly privato corpora= tions. Stock-watoring, which ia itsolf a viola- tion of Iaw, i8 the outgrowth of this assumption. In ko faras tho farmers havoe attnckod this ns- sumption, wo think they aro right, and wo be- lieve thoy will provail. THE VERDICT OF THE ELECTIONS. If thore woro one Btato moro than another ‘whoro the Ropublican party could claim that it was eafoly lodged in tho affectionato alleginnco of tho peopls, that Btato was Iowa, The Gov- ernor of that Btate had, for a yoar boforo the cloction, paraded himeclf all ovortho Stato ag moro of & farmor than tho farmors, and as & botter aud more intelligont champion of farm- ers' rights and interesta than any othor man in the State. Under tho taking titlo of * The Bkeleton in tho' Corn-Crib,” he got up o speech in which ho advocated every imaginable moasuro calenlated to rodross existing ovils and securo cheap transportn- tion, But ho insisted that the Republican party should work all this roform, and that the Ropublican voters of Iowa should continue their faith in that party, o entered tho contost with & RNepublican majority of 60,000 in his favor, while tho whole oppogition vote in the State was only 71,000, Tho party had neatly a two-thirds voto in tho State, i Tho election is over, sud whilo we writo it {3 an opon quostion whetlier Gov. Carpentor Las 5,000 majority in - the Btato; but it is ascortained that the Anti- Monapolists—thoso Republicans and all others who had lost all faith in the furtlier usofulness of either the Domocratic or Republican partics— havo olected a lnrge majority in both brauches of tho Legislature, and have filled tho gounty officos in a majority of tho countios with mon of thoir own choice. Tho popular upheaval in Iowa is complete. Tho Ropublican party in that Btato, with its 60,000 majority, has been broken and destroyed. Gov. Carpenter, if elected at all, owes lis elec- tion to a personnl popularity in somo localitics, but tho party is defeated, disnstrously and over- whelmingly. Tho Ropublican party had its rogu- lar county and town tickets in every locality ; in many counties where Carpentor has a ma- Jority tho Anti-Monopolists have clected tho legislativo and county tickets. Tho City of Davenport, hitherto o strong Rapublican coutre, gives the Anti-Monopolists 1,000 majority in a total vote of 2,700, The rovolution is not conflned to auy particular localities; it is general throughout the State. It is true that the old Bourbon Demacrats under the lead of Gon. George W. Jones, of Dubuquo, all joined tho Ropublican party ; but oven this addi- tion to its foreo availed nothing against the gon- oral protest of tho peoplo of Tows that tho Re- publican party was no longer unocded, and was 1o longer to bo trusted to redross any wrongs or to sholish any monopolies, Bo confident was the *party " that the 0,000 majority would not ro- ‘pudiato their allegianco, that tho fauimors woro contemptuously styled * Potato-bugs,” and it was predioted that es soon as tho olection was over there would be nothing more over heard of the Grangers, or the Farmers, or the Antl-Mo- nopolists. Thoelootion has completely disrupted tho party in that State. In Ohio, an equal dis- ruption has taken placo, The Republicans of that State Lad aa their candidato for Governor a gallant soldier and exemplavy citizen, Promi- nont among thoe candidates for olgotion to the United Btutes Senato by the Legflaturo to be eleoted was o member of Gon, Grant’s Cabiuot, That illustrious adopt in fluancial statesmanship, John Sherman, addroseed the pooplo in favor of a protectivo tarifl, and the wisdom of exceasive taxation and an irredoemablo cwirency. As if to mako tho Republican success a cortainty, tho Domoorats nominuted Alr, Allen, an antedilu- vian, and mado thomselves genorally offonsive. Nevortheless, tho peoplo, like those of Iows, liad reachod the conclusion that the Repub- lican party lnd outlived its usefulness, and that it was timo for it to bo rotired, Bo, on Tuesday o sufliciont portion of them stayed away from the polls, or vated for tho Ioople's tioket, or voted for the Temporauco ticket, to lot Gov, Noyes bo defosted, nnd to lot tho Demoorats have a mnjouity of tho Logislature, thoroby also dofonting Boorotary Dolauo's olection to tho Benato, and giving Ohio @& Domocratic Goy- ornor for the flvst timo sinco 1863, when thoy let Willinm Modill bo olected in order to kill out the Whig party. In Pennsylvania, tho Ro- publicau candidates havo beon eloctad, but only through tho now no-longer-doubted frandulont roturns, manufactured to ordor by the mauagers of Philadelphlu, The throo Btates of Ohlo, California, and Towa have in 1873, iného most distinct and omphatio manner, ropudiated party rulo. In Callfornin and Towa, the people did this by moaus of an op- posing tickot ; in Obio, thoy did it by throwing awsy somo 40,000 votos, in ordor to let tho Ro- publican party bo dlsusirously dofoated, Thig rosnlt shows how woak party alleginnco hang upon tho congotonco of the poople. They are sick and tirod of its sensoloss’ songs, its frauds aud corruptions, Thoy want to hoar of some- thing olso than parly; they want to hoar moro of personal and ofllolal intogrity and xespoust- bility, THE COLLAFSE IN BTOCKS. "The deoline in fanoy stocke in Wall ptreot dur- ing tho Inst fow duys s now attributed, not to the injunction 'issued by Judge Blatohford re- strainiug tho salo of tho Grinuell (Vandorbilt) socuritios, but to tho removal of tho injunction permitilug thoe stocks to bo pub on tho markot, Ttda atill probable that the injunction oxerted an influonco in detorring baukers and brokers from ‘moking advances on tho socuritios offored. It 18 altogathor likely that tho banking community will be moro cnreful of making call loans on speoulativo atocks with tho information that pro- coodings iu bankruptoy against o brokor, whioh may bo oxpocted at suy timo, can tie up thoso scouritios so that thoy cannot bo sold. If this construction of tho Bankrupt act, and thore i3 no question about ita corroctness, could broak up the practico in which the Now York banks have boon extensively ongaged, of making Inrge advances of monoy on call, and pormitting overdrafts of acoounts, on the ptodgo of speou- Iative stocks, it would bo a blossing to the coun- try, groator than any that the Bankrupt act has borotoforo afforded. Though this much can bardly bo expocted from it, the intuencoof tho injunction shonld call out other corroctives of o similar nature, The dangorous, pernicions, and slmost iniquitons practice of using the our- ronoy of this country to manipulate stocks, to tho detrimont of tho morcantile clagsos to whom it actually belongs, must be brokon up by law. The first logal stop to bo taken in this direc~ tion {8 in tho shapeofan amendment to tho National Currenocy act which shail prohibit tho Notioual Banks from paying Interesta on de- posits. Tho metropolitan banks have for many yeurs attracted o largo line of country deposits by paying tho country banks 4 per cont Intorest. By this means an amount of ourrency has boon concentratod in Now York, The bankers can- not afford to let it leidlo while paying 4 por cont intercst onit; and tho only way in which it can bo mado available and profitable is by ad- vancing it to the stock-brokors on call at 7 por cent, and frequontly with n bonus over and above the logal rate of intorest, accord- ing to tho nocessitios of Wall stroet, As this business has boon more profitablo than logiti- mato bauking, the National Banks have gone in- to it extensively, paying 4 per cent on all conn- try deposts thoy can socure, and even higher rates on timo deposits from locnl oustomors. ko {natancos havo not boon rare in which bank- ora havo bocomo tho pnrtnors of tho brokers in stock speculations in order to keep thelr fuuds employed. Mesonwhilo the merchants, who ara legitimutoly ontitled to the loan and discount business of tho bauks, have been driven to the curb-atono to raso monoy in order that the banks suould carry Vanderbilt nud the wholo tribe of spocnlators. The most ef- fectunl way to put a stop to this rockloss and in- jurious businoss is to prohibit by law the paying of intoroat on doposits, so0 far ns tho National Banks are concorned. This will bo a logal no- tice, B0 far a8 tho Government has & right to givo it, that tho praotico is usafe. If, aftor that, tho country banke chooso to placo their funds on intorest in the hands of private bankers, with tho conaciousncss that they will use the money for speculutivo purposes, it is their own lookout. They then becomo, as it were, partuora in tho speculation, and thoy must stand the losses when thoy ocour. A Natlonal Banking system, owover, is defoctive which docs not provido depositorios whoro at loast tho temptations to speculation are removed. The only objection that can bo urged to this radical roform is that the stock murket will bo pormanently woakened. 8o far from this being & logitimato objoction, it is one of the greatest bonefits that will be derived from the change. Lot stocks touch bottom and stay thore. Who will bo hurt by it? Tho Vanderbilts, Goulds, Drows, Tom Sootts, and their pigmy imitators nuny bo laid low, but what of it? Thoy mwe & giant spocics of gamblers, who have grown rich at tho oxponso of tho farmers and merchants of tho country. If thoy should all go by tho board, tho country would be noue lhe worse for tho riddauce. At this time their failure, and n fur- thor collapse in stocks which would bo in- cident to it,. would not' materially affect the commorcial classes. Tho collapso must como, and thero could be no botter time for it. ‘The present shrinkage in values is an indication that the funds of the mercantile olasses ad- vanced by the bankers have beon largely with- drawn from tho speculative stocks. Let them go down to wlat they are actuslly worth on the basis of the property thoy represent, with all tho water squeczod out of them. The vaguo impresion that & furthor shriakage would bring additional distress on tho country at largo is orroncous, Union Paoific, for instance, is quoted from 15 to 16 conts. This is just 16 or 16 conts moro than it is worth, ‘Tho entiro eapital atock of the vond is ‘water,” and very dirty wator at that. It was issued without any authority of law, Cougross suthorizod an issue of only what should be subscribed and paid for, As o mattor of fact, it was cithor givon away or 16sued as dividonds to the Credit-Mobillor ring. The debt of the road itsolf ropresents a large oxcogn over its cont ; the stook, thoroforo, ropra- souts nothing, 8o lot tho Now York Central go down to a figure which will reprosont tho real cost of the rond, aud not the $44,000,000 of flotitious stock which has boen addod to it. Lot all the rest of these stocks follow Buit, and, if thoy pass futo the Lunds of mon buyiug thom for an investmont at their logitimato wortl, thoy may stay thero, 'Thoy cortalnly will if, in tho meantime, tho National Bunks uro pro- bibited from paying interest on deposits, and othor cconomical monsuros are adoptod by tho morcantilo clausos to keop coutrol of their own monoy. Thore will then bo no longer a periodl- cal dinturbauco of tha whole monoy market of the country by stock-panics, Wall stroot will havo lost its powor, which it maintains only ou the monay aud crodit of tho mercautilo classcs, who hiave to bear tho brunt of the troubles produced by the flying of its kites and tho bursling of its Lubbles. Tho severont rebuko that hos beon doalt out to back-pay Congressmon comes from the Mayor of the littlo town of Now Loudon, in Connectiout. Mr. Wallor wag olectod Mayor o fow montha ago, and proceoded to wake up the sloepy old town by vigorous measuros of purifl- cation aud progress, Ilis reforms woro o timoly and ofliclent that the Common Councll thought Lis sorvicos wero worth some recompenso, aud, though it had not boen tho oustom of that com- munity to pay the Mayor & ealary (thoy probably nover boforo had ono worth payiug), thoy voted 'OBER 17, 1873, im a salary of 8600 a year, Thelocal newspapor, probably prompied by ono of the trllobites of that paloozols country, objected to paying tho Mayor'n salary. Theronpon, Mayor Waller ad- dresned o card to the publle, In which ho clalmoed that the Iaborer is worthy of hia hire ovon it ho is & Mayor, and that ho did not rogard §500 o yeoran an oxcosslve compensation, Iowaver, 08 tho Councll which voted him this salary had not boen olected with any reforenco to tho salary quostion, lio would wait uatil there should bo anothor Councll olection, whon tho peoplo might chooso ' Oouncllmen committed for or agoingt paying tho Mayor a sulary. In the moantimo, Lo promisod mnot to touch 8 ponpy of tho salary voted to mj; and, fur- thermoro, if the now Council should voto him o salary, ho would only take bis future pay, dating from tho timo it was thus legitimatoly voted to him. We aro of opinion that Mayor Waller would hiave made it warm for tho salary-grabbers ifho had boon s membor of tho Forty-second Congress, His prosent salary platform 15 ono that would recommond him, sloug with the other good qualitics ho seoms to possoss, to & Congrossional nomination, if ho lived 1n this part of tho country, How tho ancient folk of Now London, Ct., may look at it, it is not posai- Dblo to say. THE RATE OF BTATE ASHESSMENT, Theo Bpringfleld Journal atates that tho nggre- gnto assessmont of the proporty of this State, $1,200,000,000, is 70 por cont of ite roal valuo; that Qook County, whon nesessed $283,000,~ 000, was ssscssed ab only 70 por cont of the resl value of the taxablo proporty in the county, Mr, Dorrickson and others familiar with the true conditfon of tho taxablo property In the Btate placo ita total valuo at 8,000,000,000. The Auditor of Btate, a year ago, put the valuo of tho taxable proporty in tho State at $2,600,~ 000,000. Wo thon bave throo catimated values : 1, That of tho Stato Doard,. $1,660,000,000 2, That of tho Auditor.. 2,600.000,000 8, Thut of Mr, Derrickao; 8,000,000,000 According to thefirst, the valuation made by tho Btato Board {8 70 por cont of tho truo value; nc- cording to thoostimato of tho Auditor, that;valu- ation Is 46 por cont ; and, according to the osti- mato of Mr. Derriokson, it is 40 porcont. While thero can bo little dount that tho highest valua-~ tion is noarest tho truth, wo accopt that of tho Auditor a8 having an offivial sanction. Itiswoll, thorefore, to Inquire, What haabocome of the taxable proporty of this State outside of Cook County? The difference botweon tho total as given by tho Auditor and the total *fair ecash valuo” given by the Board of Equalization ia §1,400,000,000. What has become of it ? ZThat Cook County has been assessod at 70 por cont of its roal valuo is probably true ; this would make tho total * fair cush valuation " for this connty about £870,000,000, This deducted from tho total of $2,600,000,000 would leave §8,200,000,000 to bo apportioned awmong tho rest of tho Btate, But the Board of Equalization hian assossed tho property outslde of this county at $017,000,000, which, if taken as ropresonting 70 por cont of its real valuo, will farnish as the ‘¢ fair cnsh value” thoreof ouly $1,292,000,000. Paiting tho whole assessmont in the Stato ns 70 por cont of the whole * fair cash value,” wa Lave tho following extraordinary ovidenco of loss of property in this State in ono yoar : Valuo of taxables, per Auditor, in 1874. ..$2,600,000,000 Valuo of samo proporty in 1873.... .. 662,000,00 Bhrinkngo of valoo in FeaT..e..seee$ 938,000,000 or a loss of over 86 por cent, The fact is, that Cook Cook County has beon asgessed at 70 per oout of tha fair cash valuo, whilo the assessment for the rest of tho Btato Lins been much lees, as will be seen : Cool Caunty, 70 per cent of $470,000,000,. Tiest of State, 41 per cent of $2,240,000,0 283,000,000 o1 0o Total asscssmen 2 $1,200,000,000 It Cook County is assessod at 70 per cent of the valuo of her taxables, na we think it is, then the proporty in tho rost of the State is only taxed 41 por cont, or that property hes dimin- ished in valuo, in ono year, according to tho Auditor's eatimate, $938,000,000, or 86 per cout. The assessmont doctors at Springfield can chooso whichevor answer they prefer. Thoy must take ono or the othor. THE RED RIVER BAFT, There is now a cortain prospect that the groat raft which has beon an obstruction in the Red Rivor, in Louisiana, over sinco the advout of whito men in this country will soon be removed, and that navigation will be opened for stoamers from Shrevoport, La., to Jefforson, Toxas. The history of the raft and tho attompta to romove it is oxcoedingly interesting. In 180G, the obs struction of logs roached ono hundred miles, Binco that time rafts have formed at various points in the river near Shreveport. One of those waa removed by Capt. Bhrove in 1830, by the holp of a Congressional appropriation, and auothor between 1840 and 1844 wunder a Governmont contract by Gon. Willlsmson, In 1854, tho raft region oxtonded only twolve miles, and at that time Capt. Fuller, aided by a Congressional appropri- ation of 150,000, attempted to remove it. At tho ond of two yoars, however, the appropriation hind been exbiausted and nothing accomplished, and, the work being abandoned, tho obstruction bogon to incronse. Tho present rafe region ox- tonds thirty-five milos, from a point forty miles above Blirovoport to tho Arkansas State line, and coutalned, before the prosent work com- monced, nearly fitty rafts, from one-cighth of & milo to a milo 1 length, and occupying the ontire width of tho river, mnavigation only being accomplished through the boyous around tho raft, but, as those wore only available at very high wator, navigation was ine slgnificant, In 1871, tho attoution of the Engl- neering Dopartmont was again dircoted to this work, and, an appropriation of $10,000 having been mado by Oongross, thoe work of preliminary survoying was intruated to Liout. Woodruft, who completed it in 1872, and submitted plans and spociflentions for the removal of the raft, whore- upon au appropriation of $160,000 was mado. Tho plana wore accoptod, aud Lieut. Woodruft renchod the raft roglon in January last with a snag-boat, two oranc-boants, and all tho requisite machinery for his worit. The following deserip tion shows tho diftleultios to bo ovorcome : YLogs, toots, and suags of evory deseription lnd boon orowded und Jsmmod fafo o tangled mass, bo- comlng moro compact oach yoar a4 tho pressurs from aboye fncreasod, Aunual froshots had brought down mnd and dopouted it In and ovor this maes uuti), in places, tho raft itself Lad bocomo entirely coverod with earth, small fslands, or #tow loads,” thus bolng formed, Upon thess tow-hoads woro growiug Lreus, usually willows, heoe feot aud mora In clroum(ferenco, In addition to the romovals of loga Ly eawing and outting, blusting-powder was usod, but it did not prove of any use, Dynamito was thon tried, but failed, rofusing to oxpledo oven with an oleotrical oxplodor. At last nitro-glycerine waa brought into use, and it nover failed to do its work thoronghly, All that romains to be done now, s the blowing out of somo tow-heada aud lwproving cortain pofuts in the ohanuel, which will bo accomplfshiod fn & faw wooks, Tho obstruotion of covturies will thon havo beon re- moved by tho skill and porseveranco of Tileut. Woodrulf, Tho saddost part of tho record of this gront worlc Is that Lieut, Woodruft has not lived to finish it, having diod of yellow fover ab Blirevoport, Oct. 1. e — THE BUTTERFIELD STREET MURDER. On Bundny night thoro was a murder on Buttorfleld streot. The murder itgolf wna nggra- vatod a8 on offonso ogalust civilization and doconoy by tho faot that all tho partios con- corned in'it, a8 woll as all those connooted with tho ostablishment whoro it ocourrod, wero drunlk. It apponra that one Woods and his wifo kept s #ort of boarding-house. John Walah and William Donnelly, both drunk, visited tho Louso on Bunday night, as they sy, tosce Mary Ann Ronrdon. Tho inmates of tho houso atthat timo wero Patrick Woods and lis wifo and two #ons ; Morris Hurloy and his mothor, Mary Hurley; Mary Ann Reardon, Patrick Lawless, and Edward Quinn, The inmatos of tho houso wors at tho timo all asleop, nearly avery one of thom boing groesly Intoxicated. Donnelly got in and rofused' to loavo; Lawless ondeavored to put him out, and whilo they wore fighting, and tho drunken inmates were lying around en the floor, Walsh ontorod and stabbed Lawloss, Tho lattor diod in an hour. Tho boy Woods testifiod that during the wholo fight his fathor did not Rot up, being too drunk to do 8o, The maternal Woods admitted that she was drunk, and Walsh, and Donnelly, 08 woll as tho man who was Kkilled, woro also drunk. A moro pitiablo and disgusting sight was never witnessed, -A drunken father and mother, with a houso full of drunken lodgers, male and fomalo; two drunken ruflians enter, and in the crowded room, staggor- lng over the stupid, sleeping boarders, they mur- dored anothor drunken man; and thon, thecorpso being carried out, the druukon gang lay thero all niglt, rolling over and over in the blood, and woro only aroused noxt day from their stapor by the oficers who wanted them as witnessos bofore the Coroner. The brutal murdor ia ren- dered ovon more rovolting by the surroundings —the mon and womon, hardly more intolligent thon boasts, who wore the assoclates of tho mur- dorora and tho helploss, drunkon witnosses of tho murdor. — THE CZAR AND THE POPE, Just at the presont time, tho attitude of the Roman Catholic denomination with reforence to tho Pope, and also to the rost of the roligious world, i8 ono of absorbing intorost. All signs indicate that the world is on' tho verge of an ecclosinatical rovolution which muet break up many of tho old forms and traditions. Tho do- tails of the struggle now going on be- tweon Ultramoutaniem and Old Catholi- cism in Germany, Franco, Italy, Bwitzer- land, and in somoe of the South Amori- can States, aro alrendy tolorably familiar. A now phaso in the struggle, Lowever, has just dovalopod iteelf in Russis, whick is beginning to attract publio attontion, It flrst appearad in tho form of a momorial, drawn up by somo of tho most eminent ccolesiastics of Russis, and ad- dressoed to tho Govornment, sotting forth o plan for tho catablishment of & Roman Oatholio National Ohurchin that country. It declares that thore are in Russia noatly three millions of peoplo. of Polish origin subject to the moral influence o6f Catholic pricsts who are ‘hostilo to tho Russian Governmont and roligion. Instoad of dealing summarily with this, it proposes that *‘a period of transition " should be devoted to ** tho systematio, sp'nn- tanoous, and gradual extirpation of Roman Catholie torrorism," and to establish foundations for the ultimate fusion of the two Churches into a single Catholic Sclavonic Church. All those who rofuse to accept this union it recommonds should be treated ns foreigners and ordered to leave tho country. A Catholic Synod should then bo appointed to reorganize tho religious af- foirsof the Romar’ Catholics of tho Empiro, and aleo o epecial Council, composed of laymen and ecclesiastics, to arrange the dotails of such reorganization. Thia Synod would recognize the Popoe e tho spiritual hoad of the Church, but would nét pormit bim to interforoin its affairs, or to confirm appointments of Bishops, which power would bo invested in the Empoeror. ‘This movemeont is vory similar to that now in progross in Gormany aud other parts of Turope, and Is only another proof of the deep root which the present movemont has taken, ‘Tho value of words in & judicial decision Les boen vory aptly illustrated by Judge McAllister innn opinion which Lo has just renderod, re- vorsing o vordict for £3,000damagos in a slandor case, The cnse was ono in which a man had called & woman hard pames in n personal altercation, villfying horcharactor and impeach-~ Ing hor virtus, The Court bolow, in instructing the jury, said that maliclous slander fs an *in~ famous offonso.” The Judge did not probably intend to convey the full legal senso of the word * infamons,” and, indeed, was probably ignorant of it. Judge DMoAllistor, Lowever, points out that “infamous” has been used ouly in doscribing that class of heinous erimos whoso porpotrators wero incompotent witnesses undor the common law,—such crimes as trenson, fol- ony, and porjury. Tho application of the term to slander was therefore an error, aud it formod sufflclent ground for o roversal of judgment, ns it was caloulated to Influenco the jury unduly in its award of damages. Tho only class of ulandor that has ever beon treated zs o ponal offonse in England was that uttered in rolation to a Peor, 8 Judge, or soma other high officor of the reulm, ‘This Blackstono chavacterizoa only as an *‘ atro- clous injury,” and not as an “infamous offunse.” But this class of slander s no longor rocognizod as distinet from other slandor in England, and has nover boon 8o rocognized in this country, Tho opinion whiok roversos tho judgment of the Court bolow shows that Judgoe McAllistor Is not o vorystrong beliover in the justico of punitory, oxomplary, or * vin. dictive " demages, although it ia a well-ottled principlo of our lnw. o Lolds that it muet, novortholess, bo exorclsed with great caution, and decldes incidontally that tho defondant's ability to pay doos not affect tho question, ag the oxtont of the mjury alono is involved, The roversal is of speclal inlorost, howover, ns show- Ing how looso and lll-considored Inngungo In the mouth of # Judge mauy impede the course of justico and contributo to the " law's dolay.” NOTES OF THE ELECTIONS. The voto of Davonport, In., was: TFor Gov- oruor, Vale, 1,820; Carponter, 874, The Ga- zelto, upeaking of tho eloction more in sorrow than in sugor, eays Tho rosult hiaws that whilo Republicans polled Tut Liolf thelr voto, the Liborals and Democrata wero out in full strongth, Phey woro activeullday, They had porfuct organization, ~The vote of the Oity of Muscatine, Ia,, for Governor, was: Valo, 593; Carpentor, 598, The Journal (Postmaster Mahin) romarks ; "Tia thus a victory ovor tho Ropublicaus, even so 10,000, slight, ia hotled with delight by the encmfes of ong country, nnd 'tis thus that * Liboral ¥ Republicans and sorolioada nre oncouraging thiom to furthier and more vigorous offorts {o got into power, —Tho Davenport (Iowa) Democral, commente ing ou tho local rosult, snys: Tho nnpuhllmn-&mrly of Beott Connty fa demornl. Izod ond annibilated, It long ago outiived its days of usofuiness, atd tho peoplo luow {t—they suld ns much yesterday.' 'Tho frionds of reform and of honest gov~ ernmont, be thoy called Liburals, Anti-Monopollats, or auything olse, havo great caugo for refoleing in {hig vietory. —Elcction courtosios ¢ FROM ADDITION, DIVISION, AND ATLENOY REMTLE, DisrApELRILA, Oct, 14, 1874, o b W, Mackey ¢ Teturns nil 10, Your mofority, 25,000 Gordon's Virtno Las ft own roward, W, H, Kisows, PNOM DILL MANN, L PuILADLLYIIA, Oct, 14, 1873, s Mackey : r majority in ihis ity {s 25,000; Gordon's over 000, W, 1, MAxN, —Wo certninly did think and hoped that tha poople of Ponnsylvanin would riso in tholt might, yostorday, und crush out the most in- fanous ring of corrupt politiclans that ovor dia- graced tho Btate, but wo have boon disnppolnted, + + + o« Tho pooplo of this Btato have not yet boou {muluhud snd plundored enougn, aud untif such times ns ihoy aro made to kuow and feol the inflistions plucod upon them wo can look for no differont rosuit, That it will come, sooner or Inter, thoro {a not tho least doubt. Many staunch Ropublicans, yestorday, for tho time being, abandoned their partyand struck hands with 1hoso who desire au honest administration, buk wo aro mortifiod to sy that thoir efforts were noutralizod to & cortain oxtont by the troachery of some Domocrats who, for causoy best known to thomuelvos, wero induced to work and vote for tho corrupt candidates of tho Ring.—Pilts« burgh Post. —Tho losson {8 this : That tho pooplo cannot, undor any circumstances, bo induced to trust tho Domocratic party, no mattor what admirabla profosaions it may malko, or what patriotic dige 50 it may assumo, Reforms may bo needed. ut tho shirewd, inscoing masses of Ponnsylva- nin know woll enough that Democracy is o Enlfa with which 1o roform whatever can bo caryod,— Pittsburgh Commercial, : ~—Horeafter, it is to bo hoped the proper dig. tinction will bo mado betweon party principles aud moro party mon, and that it wifl not be onough for o man to run with tho party machine to ontitle him to be considered worthy” of noms ination on » party ticket, Good worlts, as woll 88 o profossion of faith, will bo demanded.— Dubuque (Iowa) Telegraph. g —1t any considerablo number of workingmon should bo thrown out of omploymont the com= ing winter, they may lny their misfortune to tho Ropublican party. If that party bad been notionally beaten some yonrs ago, it would bavo beon bottor for the workiug ang vroducing claggos.—Cleveland Plaindealer. —_— ARMY OF THE TENNESSEE. Business Mecting in the Morning nnd Agreeable Rejaxation in tho Arters noon ~= Fhil Sheridan’s Meroism Again Displayocd==The Night's Buane quot. Spectal Dispateh to The Chicago Tribune, TIE DUSINESS MEETING, ¥orepo, Oct. 16.—Tho Bocioty of the Army of 1ho Tonnossco mot in businoss scasion ab the Opora-Houso this ovening, for the purposo 'of hoaring roports and elocting officors for tho en- suing year. A strong disposition was mani- fosted among somo of tho members to make Gon. Logan Prosident, but, finding that they wore in tho minority, tho plan was dropped bo- foro the beginning of the scssion, and the ro- port of tho Committee on Elections, continuing ‘Gon. Sherman in that position, was approved without opposition. The firat business of tho moeting was tho pas- eago of rosolutions of respect to_tho momorics of Gen. E, 8, Mc¢Cook, Gon. E. L, Yorke, Col. Jobn H. Howo, One-Hundrod-aud-Tiventy: fourth Illinois; Col. John O. Fry, T'wentioth Ohilo; Liout, Edgar Poarco and Col, Snmuel G. Hughos, Ninth nos, who had died since the lnst mookting. Tho Committees charged with that duty mada roports, which were adopted, desiguating Springe fiold, Tk, and the Idth and 15th of Octobor, 1815, a8 tho timo and place of the next moeting. Tho Committoe on Election reportod the fol lowing oflicers for the ensuing yoar: President, ™ 7, You Gon. W. T. Shorman; Vico-Prosidonts, Moj.-Gon. _Jobm _ A. . Logam, Cob A, H. Markland, Maj.-Gon, _ Johm Popo, Gen, J. M. Hordick, Cul. G, E. Wallos, Gen. Jobn E. Smuth, Licut. John Crane, Gon. R. N. Piorson, Col, Frank Lyuch, Gon. F. 8, Hutcbinson, Maj. I. P, Smith, Gen. John Tilson; Recordiug Socretary, Cul. L. M, Dayton; Cor- responding Sceretary, Gen. A. Hickenloopor § Treasurer, Gen. Al. ¥. Force. Gen. Bliorman mado a speach, oxprosslng bis conviction tbat a bottor choice than humnselt could be mado for the position, but ended by Xrommlng to accopt tho office if clected to it, "o roport of the Commiltce was thon adopted by acolamation, Rosolutions of sympathy with Gen. Leggett, in his recont sad berenvement, were passod, an tho mosting adjourned. THE PRESIDENT'S MOVEMENTS. This morning tGon. Grant, Secretary Belknap, Roar Admiral Worden, aud other distinguisted officors, breakfasted with Gen, Swayne at the latter's maguificont residence in tho westorn portion of “the city. After breakfast, Gon. Grant onterad a carringe, and, nncumpnulod b the city oflicials aud the Socioty, drove aroun tho city. Aftor stopping at tho Board of Trade, where ho was recoived with tho honors, ho ro- turnod to tho lwotel and alo his dibuer, Ha then roviowed tho militia and the Tiro Depart« mont of tho cily from tho balcony, in company with Gens. Shorman, Sheridan, Custor, Logan, aud others. Immonse orowds were on tho streots, ond cheered Grant, Sherman, and Bheridun heartily,. The latter gentleman seemod to bo tho greatest favorite, and carriod off tho most of the honors of tha day. Aftor tho reviow, a reception of the ladiea was held at the hotol Ly the Presidont, Gens. Shorman, Bhoridau, OCustor, snd Admiral Wordon. SOYERADLE BHUERIDAN, Gon. Shoridun was playod upon in & most dis- pieable manuer, They boguiled him into kigs~ 1ng little givle, and gradunlly incrensod the doso until ho found himeolf ombracing blushing dam-~ sols of 18 aud 20, Itis worthy of romark thot ho diow tho limit thero, and did not suffor himsolf to bo betrayed into any salutos upon thoso of a moro advanced age. Geu, Custor took to the kissing as naturally ns if accustomed to it from his earliest youth, and lavished his salutes upon all comers who looked 84 1f they would permit it, as most of thew did. TIE NIGUT'S DAXQUET. The festivilies will teimivato to-night bya graud banquat, over which Gen, Sherman will preside. ’1.‘11:: programmo is given below: Tirat—* Tho 0:d Flag:" responded to by 8. AHurl~ but, Music—¢ Tho Siur Spangled Ianner,” ‘Second—* The President of the United States ;" ro~ sponse by Gen, R, B, Hayes. Musio—"Hail to the c"‘lh;lr.:,d The Avmy ;" responso by the Seerctary of L hird—t T L Soerolary War, W, W, Btkuap. Nusio— ed, White, and Bige. Fourth—* Tho Nuvy ;" respouso’ by Reat-Admiral 1 Blusle—* Hall to tho Ohio: Our Soldiers;” responso by Ge Tusic— When Jobnny Comes N Sizth—Our Doad:" responso by Gem, W. E. Btrong. Music—A dirge, i Sovenith—*Tho Geneva_ Arbltration ;¥ reaponso by L T, Wilto, * Peaco lath her victoris, 10 less re- nowned than war,” Musie—* Anier Eighth—Tho Army of tio Camb by Gen, James D, Steidmun, PAmerica,” Ninth~* Tho Judicla responso by tho Tlon, ugh L, Doud, Mus "ho Dattle-Ory of Froem dom, Tenth—t my of tho Potomao ;" response by (‘h\‘u‘.".!lnl;hn IE.-N ’}\il‘ln’lc—“ When Tuls’ Crucl War i3 » vor, leventl—! anitary Comminafon ;" response byhtlfi\uxf."g 1‘1‘:‘3:&" ‘Wanto—t ioli Browni welfth—" Tho Army of tho Olilo ;" response by en, J, t, Sherwoud, Afusic—* Dizio." Phirteenth—" 'the Tadles 3 response by Phil Shore idan, Musio—® Tho Girl I Left Behind 3o, Tho Prosident will loave lere to-morrow morning for Washington. Con, Shorman and stafl go to Fremout in the morning, whote they will romnin & day as tho guests of Gen. . B, Buckland. Pickpockots and hiotel thioves nre plenty horo, and roaplug & rich harvost, THE LOCOROTIVE ERGINEERS. PunAperruia, Oct, 16.—A¢t the oponing of the teuthunnunl sossion of tho Internniionnl Division of tho Brotherhood of Locomotive Engineers, the Rov, Mr, Parsons dolivored tho addrcus of wolcome, ~Charlos Wilson, of Clovelaud, tho Grand Ohiof Engincer, followed, showing that there woro now 172 subdivisions, with a moum= borship of 9,600, The recoipta during tho year woro $21,041, and tho exponses &3,547, leaving In tronsury Oct. 1, $10,603, An address was also made by T, 8. .'Iugn\hnm, ¥, G. E., of Fort Wayne, and ;" responso Musle—* Viva FINED FOR CONTEMPT. BostoN, Oct. 10.—Judga Wells, of the Bue promo Court, to-day_fined tho propriotor of the Saturday Evening Express §26 for conicapt, in publishing an articlo tonding to bius tho jury in & pouding suit,