Chicago Daily Tribune Newspaper, October 22, 1873, Page 1

' VOLUME 27. ervwn GIFT CONCERT. TUE - SHORTEST ROUTE , 10." FORTUNE. “$100,000 fof only $2.60.- THE LARGEST RIFTURRY FOIt o T HM A GRAND GIT CUNCIRT WILL BE HELD AT LEAVENWORTI, KANSAS, Decomiszexr IAsat, . FOR THAR BRNEFIT OF A JUVENILE REFORM SOHOOL. 40,000 Gifts, |BA530,000 in Prizes, Principal Prize,$1 00,000 connlating of tho suporb palatial resdenca of Simon {lsley fru, nemparist by 3 proets dil Hure, marroiiuded by mauiioent. grou gurdotin, and vineyards, foe buililng hing' bew Focouly' completad with all mudera fmwiovoments, PRIZE LIST. 18 Prizes, 1ienl Extute, - S150.,125 3§ Cugli Pugzey o0 o o o 2 T g o000 3 . o 4 i i i g | 2L . ) “ 0 . 20 ¥ i 250 40000 Prizes + o - - 0,001 O T Z e howe ront matato s urtant Sl ot Tao ilhoral torme of this scheme liringa 1t wilhin 1Ho reach of all—tho greaeat oppurtunity ovor offerad. Pk io ok gl omprviaatly erae ofered to PRICE OF TICKETS. Bingle Tickets, $3.50: Eleven Tickats, $26.00; Fifty.six. Tigkets, $120.00: One Hundred and Fifteen Tickets, $260,00. ‘The drawing will bo mda undor the suporintondones of ittco “appolntod by tho highost offictals in tio uly sworn to tho faithful performancoof” tho du- ty, Qounty, and State but sfao bl hEhany ind for tiokets 13 anparalleted, and ull desiring o ariGinAlo (n 1o deawlg ‘should AL uneo jorn (RAF wlubs and sond In thelr ordoers, AGENTS WANTED In a1l Stnten, Cltlen, nnd aivnstn die Dated Starcntund Catih £tr-Money shauld bosent by Pagistored Toiter, P, 0. Qder o xpress, it o I B nabeds 'ivory phckaxd of 11 tickofs has & chanca to win 11 prizes, bt positisely certala to win-ano, whilo ono per: U aut of evory ton whio piirabaso & packags of 11 is buund e erhnt Eifsrmaationand pachiont d for olr T arther Information and particulars, 8and far olron. tars o the Alsusgor and Propilotor, and addross “SIMON ADELES, - Laavenworil, Kan., Or call at 161 Exat Madlson-t., Ghieago. Grandest Scheme Ever Known, Tourth Grand Cift Coneart FOR THE BENEFIT OF THE, - PUBLIC LIBRARY OF KENTUCKY. 12,000 Cash Gifts, $1,500,000. $250,000 for BTO. 0 Fourth Gravd Gift Ovncert authorizad by spoctal 2ot uf thy Legi-lature for tho benaiit of the Pablic Librs: 2 =41 takn uiace lu Public Library Hall, at uisvilic, Kyl; ‘Wednesday, December 3, 1873, Onl| ixty thon 3 oncort, v N piny over witbesod T Lhia'ccuaten the Hapreosdonted ~"$1,500,000, Divided into 13,000 cash B 1, g il bo st by bt LIST OF GIFTS. ONE GRAND CASH GIFT. 5 ONE GitAND CASIL G ONE GRAND CASH ONE GRRAND CASH ONE GRAND CASIL 10 Cash Gifts, S1 B0 Cnsh Giftwy 60 Cash Gify 80 Uash Gty 100 Cash Gifts, 160 Cash Glfts, 250 Cnsh Gifts, 200 each. 50,000 325 Cnsh Gifis, 100 each.. 32,500 11,000 Cash Gifts, 60 cuch.... 550,000 Total, 12,000 GIfts, ALL CASIH, amounting i $1,600,000 “The distributiun will be positire, whothor all tha tickats o sold or not, aud tho 13, axosold ot bot, and tho 13,000 ¢Ify all yaid (3 proportion < PRICY OF TICKET! ole Tickets, £50,00; Iai: 25,001 1] qorcls ik, 61,01 Halyon S35.01 Lol o ach Tickets for $1,100,00: 113 Wholo Tickots for £5,10.00; ‘Whiolo Tlckots for $10, 000, No discuunt on less than $300.00 worth of Tickots. timo, pickets sow ready foc sale, aud xll ordors accompanted 3 0y prom, o orma hiosn who buy 1o soll again, nliemranne THOS. B, BRAMLETTE, Agont Publ, Libr. Ky. and Mansger Gitt Conoor Public Library Hulldiug, Louissilio, Ky, o intormation apply to 1. li;.‘sv'fi"ha‘n 30 Room onollian Bluak, oo ats, [Tk Sibeatar 1 (hitd Qoo 2 handelph-sts BUSINESS CARDS. J. M. W. JONES, ‘Wholesale, Ratail, and Manufaoturing STATIONER, 104 & 106 Madison-st. By facllitien for the mannfacture of Blank Books and wxeanting Rajiroad and Commorcial Printing are unanr- 3500 iash country buyers will Hod 1t 40 tholr Hntorest call ou mv bofore purchasiug. TIN CASH BOXES OFFICE BOXES, AT WHOLESALE AND RETAIL AT COLVER, PAGE, HOYNE & CO., 118 and 120 Monroe-st. WANTED.. - = = s ANTED--AGENTE=-FIROM s'mtl 40 8220 per mouth, everywhero, ta sell ono of the most usoful artlo i neoded fu ovory famlly, lar. Address, s evor fuvonted | Send for Clrou. BECOMB & 00., 167 Btatest., Osroado, Tl GENERAL NOTICES. TEER LADIES S JANS EPIOPAL CHRCH ‘WILL SERVE LUNCIEHS, of the present wosk, at {72 Soita. "N Ot irus,” Yo i sk the natroaKe Of SuF sitizunv, and of parilos visiting the city Qurig tho wevk: ITORSES WINTERBED, At Dowiee's Grove, Troaght out and roturaed froa of i et Bluitolh sl 08 Sigbin, gorses antruated fo our care will r‘eflllvnn'lhl fla\: atton. Satisfaction gusranioud, FItizD M. WEODS, Downer's Grivi, Bulage Con Tl 0 Won. Turms, §2.28 Joa, Tcute, WA.55 par wesk, HUSKING GLOVES. MERCHANTS! NOW 18 THE TIME TO BELL Hall's Pateut Husking: Gloves, Addrots HALL'S HUSKING GLOVE CO. 146 Boutls Cliate /I INVESTHENT, 1873, SILVERWARE, &o. - i CRYPTOCYLON Ice Pitchers. : Silver‘ware.“ | . T & 0, St:ite and Monroe-sts, 'HE TURF, GREATEST SENSATION. OF THE SEASON. GOLDSMITH MAID MATTNEH. GREAT BXHIBITION OF SPEED DEXTER PARK, TO-DAY, fit_ 3 o’clock. Goldsmith Maid to trot sgainst a Running Horse, and to beat her rec- ord for $5,000. . ‘There will also be an interesting Race, between tho trial heats, be- tween soversl first-class horses, for & purae of $1,000. ’ Cars leave P., Ft. W, and M. B.. Depots every hour, and State-st. onrs every 5 minutes. BOOTS AND SHO. V. I BROWN & BRO,, ‘WILL OPEN THEIR New Store, 92 State-st. Opposito Field, Loiter & Co., THURSDAY, Oct. 23, ‘With a Full Btook of tl}o FINEST GRADES o BOOTS AND SHOES. As horetofore, we shall oarry tho LAR- GEST ABSORTMENT of Whito and Col- ored Goods, for evening droas, to bo found in Chiongo. Branch Sfore—No. 325 West Madison-st, MUSICAL. W.W.KIMBALL, Cor. State and Adams-sts., THll offar for sals, on WEDNESDAY, Oot. Sy S aE DAV 00ME Pianos and SITATS Aonorican Oreans 1 J-octave Hnzlet © ering, Hinlie 1 -octave Dubols, $100. 1 T-octave Steinway, near! ynow;!l?flfi. ' 1. 1 T-octave second-liknd Uprlght, 3250, 1 7-octuve opd-hiand Upright, 33560, 26 a¢ehnd-RaniDrzuua avi Melodions, from 1 leFlind-llu!l Pipe Organ, sultable for o 300, & P RETs 1 euny L §2B00 8 of eve, W.W.KIMBALL, 205, 207 & 209 State-st. ¢ Chicago CHICAGO, WEDNESDAY; OCTOBER 22 HOSIERY, UNDERWEAR, &o. H @SIEKY, Aaother Quit Doy il ~ Simpson, Norwell & Co. Invite attontion to an unusually at- tractive stock of x Hosiery, ‘ - Underwear, - & Gloves, All the best makes and in all sizes, uxidtwlq call particular attention to a lot o 500 DOZEN Tiadies’ Merino Shirts and Drawers, ‘Which we will sell at 87 1=-3 CENTS. Wo ofor an ologant assortment of colors in our ¢ TRIFOUSSE ” mako, at §2.00 a pair, for Two Buttons. Also, our celebrated “JOSEPH KID,” Two Buttons, $1.00 a i all the new shades. ¥ peh SIMPSON, KORWELL & €0, 79 & 81 State-st. HEATERS. e R e e GOLD’S SANITARY [Iyosian & Fire-Place Heaters, For Hard and Soft Coal; for Dwell- ings, Churches, Schools, &o, Wrouglt-Iron Itndintor. Gives Fuare uud liealthy aantere.” Eonai™' 1y Seif-Regnlating, Stmple, aud Eeonomical, No Dnmners or Over-Hented & .. Wants o feat. Vo bingie Froarifie, N° IT FEAS INO RIV.AL. CGOLD EEATING CO. 106 Beckmnan-st,, New York. BUFFINGTON & GREEN, Western Agents, over lnf) & 107 Rundolphe 'ate, Chicago, Call and oxamins, or sond for ciroutar. FURS, g LADIES FURS, BISHOP & BARNES, Cor, State and Monroe-st; MILLINERY &c. Opened! This 8. m., many new and de- sirable styles in HATS, BON- NETS, FEATHERS, FLOW- ERS, etc., all the very latest styles. Do not fail to see them, HOTCHKIN, PALMER & GO0, 137 & 139 State-st. "HOSIERY AND EMBROIDER| noPas, HAND-ENIT GOODS, MITTS, Scms, EMBROIDERIES, SHIRTS DRAWERS, GLOVES, mofrErRY, YARNS AND FANCY GOODS. WINOLESALE.. 117 Franklin. RETAIL... -.08 Stnteont. HOTELS. IRVING HOURE, 148 & 160 Wabash-av,, Chicago. First-Class Accommodations for 150 Guests. Terms, $2.00 per Day. TLooated in the ) f by XN, N. WEST, i > PO Rt oo N ST, Olerk, Tormorly of tho OfP LS ket WINTER RESORT. RBOYAL VIOTORIA HOTEL, Nassan, , N. P, Nahamas, opens for the wintor season Nov.1. 'Tor tall int d A i Hov.). "Toctulflatormarios,address J. LIDGERWOOD, . J, PORTER. Propriotar, ‘WEATHER STRIPS. TORREY'S OHLEBRATED WEATRER STRIPS, FOIR DOORS AND WINDOWH, No Cold, Wind, Bnuw, Hain, or Dust, can ponstrate whou thess Strips aro used, Cowmpotout men to aj 1y ilom at short natics, J. W o Bola Agonta for Ohicayo and the Narthwert ‘84 Madisnn-at., Tribuno Uullding, COPARTNERSHIP NOTICE, COMMISSION. W bave thtaday formed s copartuership for the oarryt on of tho Deiod el i Godorar :';ui:’ ) ?s"-?-'nf."n doriea aud sansigamonts solloltod: e Hirms guarantaed. Hofer'th O Sal Nattor ) Bank, o ) Ul“”l()’l‘fi’l‘,h & POLE Lato Oliarlea T, Churvlill b0 Houth Watsk-ate Jbioago, PAPER HANGINGS, &o. HILGER, JENKINS & FAXON, 107 STATE-ST. PAPER HANGINGS, BEDDING, WINDOW SHADES. REAL ESTATE. See Here, Real Estate Agents! Gratn {s un | beef and pork will be up! I want to sl my STUOK FARM, within 90 uilles of Chicago. farm, welllocated. ' 1f yva thing yoo can sell 1t addeess 1. PIERCE, Clociouaty, O. FOR SALE. HAMS! X am now prapared to supply the Trade with my Premi- um Brands of New SUGAR OURED HAMS, BREAK- FAST BACON, DRIED BKEF, and Smokod Moats of sl kinds, Ackuowlodged the best ia the market. BENRY PHILLIPS, 65 and 87 Fulton-nt, _ SHEFFIELD NURSERY, 30 ACRES OF TREES FOR SALE. HAMS! All Xinds and sizos, by dozon, 100, or 1,00, Elm, Ma- Ble, Aty Linden, .Ullzl'lionv;nnd.lln‘llll‘shll:ln:ll e i et e v bt il Taks Ohleago and OlhoubIbaY: Gam ot oo nr MEETINGS, Attention, Sfiifiulglltfl. Stated qunolaro of 81, Horused Gommanduryy No, & K. Il cdnsads ) ¢ 5 ik L 0, DIUKKERSON, Racorder, Masome, tlon of Blaney Lodgs No, %91, A. Ui in Ortoutal T1all ils (Wodnos: E. G, BOWZER, Boo'y, Enese il e T oo Aoy Sasting of o ol oro will be & of i S ATt GoUEr e o odeiny evaulng, Uot. T, st 73 o'clock, W uvminate a candidste fir AldGnas, Regular O day) ovoniug, at7:, 1 FINANCIAL. Street.: .- No Spéclal Change In tho Stock Hatkets ‘Singular Rumors from Wash- ington. Tho Prosident About fo, Draw on” the *logal-Tender Reserve, “The Government Proposes: to . Buy Five Millions of Fordigi Exchange: ' 'Effect of the Stringency on Eastern - ‘Manufacturers, Rcduchofi_nf Wages by lhé Lake Shore Road. / Mr. Boutwell’s Lecture on Fknanco, . A 3 NEW YORK. Bpectal Dispateh to The Chicago Tribune, PRESIDENT GRANT'S SONEME, | New Yoni, Oct 21.—Whall stroot was'.dull to- dny, notwithsianding storles -circulated to tho offect that Prosident Graut has contluded to tako in hand the job of rogulating and keeplog in proper ordor tho commerca and trado of “tho country. According to tho story, the Presi- dent has detormined to purchnse £1,000,- ‘000 elerling exchange (about §5,000,000), the availa of which are fo Lo placed to the credit of tho Btate and Navy De- partments in London, to be drawn against for .| the expenses of those departmonts in Europe as neceseity may require, Tho Government re- quires funds in London for the purposo stated ; but $5,000,000 seoms an extraordinarily largo sum to sond at ono time. If so much ia not noeded now, as ia quite evident, and this move- mont s only for the rolisf of the forcign ex- chango markot, why waa not tho measure adopted nome time ago, wlion thero was much gieator neod of reliof 3 3 It is furthor stated that tho President hns figvmx assurances that ho will do everything in i powor to relieve the money markot lLiofc, stating that tho §44,000,000 groonbacks resorve would e liberally drawn upon, at the rato of $8,000,000, and more it nsceasary, por weels, till curroncy should become plontiful and busincas resume its usual course. Although thero storios ropiesont tho Presidont so wingularly ot vatiance with tho position Lo was undorstood to occupy very recunug, they novertheless seem to bo credibly vouched for. They have the authority of a prominent morchant, who ob- tained the assurances roforred to at a recont in- terview with the President, and he (lho mer- chant) was olso the bearer of a lettor from Prosident Grant to a Prexident of a motropolitan bank roiterating those assurances. Washington dispatohos state that Swmtnrf‘ Richradron do- nies the truth of theso statling stories; but thon it is hawl{ possible tbst Gan. Grant has not yot Issucd his orders to the Socretarv; and it is again possiblo that tho wholo thing is a joke, No doubi the movement would materially aid in tho shipment of produce abrond, and would, for o time at least, onbauco tho markot value of railway slinrea, TIE STOCK MARKET rulod tame, prices fluctuating from 3¢ to 2 per cent. Tho largest _trausactions wore in_ Western Union, which advanced from b7 to b83¢, fell offt to 563¢, recovered to 573, and closed at 5T@B734. Lake Bhore openod at §73/@68, doclined to 665¢, rallicd to 673, and closed at 6634, Now York Central rangod from 803§ to 84 boforo tho First Board; Iater salos ~‘were . mado 5;‘(@2%@@83;5(@8\). W];nall(x Iulnnd“nnléxg ) A 3 abash_ at 4@ 43¢ @425¢; Dolaware, g s ‘Wastern at 89 to 88 ; New Jorsoy Central at 90 to 9034 to803¢ ; Pauama at 85 to 81, at ono time,but laie in the day sold at 90; Erle atrong snd ad- vanced firm at 45 to 47, Bhortly befoto tho closo, thoro wan a reaction of J§ per cent from tho lat- ter quotation. s BECENT FATLURES, No further developements in the failure of Himber, Divan & Co. The oxtondod complica- tious of the Grinnell embariassmonta bid fair to ontorpose a chack in dealings for the presont, aud the outlook from this poiut is not satisfactory. DREADSTUFFS, The demand for flour is light, and medinm and high grados irregular, Low grados sovrco and in fair demand for oxport. Wheat—Market firm, and mora confldence exhibited by dealors. Favorablo nowa from Europe, and a botter mar- ket for commercial sterling exert a ronssuring influence, There is & more sctive movement in berth froights, Vessels for charter are in good demand, especially thoso adapted to tho wants of the grain trade. [To the Assoctated Press,) TME NATIONAL LIFE. New Yonrg, Oot. 41.—It is tated that not over $100,000 will b realized for the benefit of polioy- holders of the National Lifo Insurance Com- any, pany. A ] BOUTWELL ON THE CRISIS. New Yomx, Oot. 21—To-night Mr. Boutwell, ex-Becretary of the Treasury, delivered one of the * Galaxy " course of lactures, at the Chiurch of the Disciples, on *‘ Finance and tho Panic and Its Remedies.” Judge Edwards Piorropont pro- eided, and introduced the locturer, EQUALIZATION OF VALUZS, ? Of the idea of having paper currency broughi to an equality in valuo with coln, Mr. Boutwell said: “1 make a distinction between thore- resumption of specle paymont and tho equaliza~ tion of the commoroiul value of paper ourrency in tho conntry with coin, The considoration of the Iatter is more important than the actual re- sumption of specie payments, which I do not look onas gmuc-nln or desirable, It isnot practioable that the banks shall resume specio fluymenta, but the Government, I expect, will. " If the banka are required to rodeem thelr currency m legal-tonder, or spacio, practically we whall have resumed for the banks a4 well as for the coun- OAUSES OF THE ORISIS. The Atlantic cities are passing through a sovers fiuancial crinis, and I propose to deal with soms of the causes, We have a paper ourrency of more than $700,~ 000,000, It s not possible, I thivk, to esy whether that currency i in oxcoss or not. There are those who demand ooutraction as a means of resuming specio lmynwnt; and those who demand expausion, as I do, for the purposo of rellaving the country from tho presont coudi- tion of things. Tho suspeusion of speclo paymeots i ona con- sequonce of the dopreciution of the oredit of tha country, In 1809 coin bonds of the United Btates, privcipal and intereat, payable in coin bere, worth 83 ou tho hundred (or at discount of 18 or 20 per gent), bolug tho obliga~ tionw of the country, weto not -payabla in ovn, During the last four years this has been rom- ediod a8 to interest-Dearing obligations. They aro at par in this aud the chief flnancisl coun- tries of Burope. I wibh to corrcot an orror as ta their value » few mouths siuce, when the Frouch loan was pul u[mu the market, ours were offered for twenly years bouds. Tho Frouch b6 per cont bonds' wero taken in excess of the amount offered; whils ours wera subseribed for in & modorate sum, The differ- ouve was that thelr bonds were put into the Daily Tribume. 1873, - - hands of bahkors &t 80 or 84 conts on tho dollar and sold for 84 or 86 contn, whilo onrs weroe sold at 100 conts on the dollar, aud thoto was an olo- mont of apaculation in theirs whioh did not on- tor into ourd. T A . Another circumatatids ‘which bha contributed ‘to tho prosont condition of thingn was tho excons of 1ho volumo of paper ovar:the gdtual wants of tho coiniry: Durlng the war, paper ftionoy wag fusued In vast Gtimticios, and; while'no one wasi able to_ state, marhotidtifally, tho law ot rolation botween the: volume of “pape¥ monoy that may bo ‘circulatod ‘and specle pajments maintained, yeb, unquestionably, thero f¥ such s law, You miay ecatry paper oure roucy to A oortain ‘poiut,” but boyond that you cannol maintain speclo paymonts, ‘Pake awr yoinmo of panor toxday, aud 1o, ono can 61f whether it is }fi axcou of tuat #nidunt, A thurd raasfon for tho orisis iu that , the bal- {ance of traflo hias bodu -gnng ug largely for |'niany years, We hnvo nou-duly éorisidored our ‘| lossen duving the four yoara. of tlid war.=:the | Tossos of the cotton cropd, the withdiawal of thi North (¢ #oma_ oxtont, fiom gctivo pirkibs, millions of ~ mien, pon-produce 5 s m the - fields In ol ene) £hé_ foilura of i banka to maintain spacio - payuidnte ivas due to tran aient canres, but the luability of 166 tountr, rosunic and mntntain it to-aay is duo 1o tLo hr: Dhaustion of {he war, followad by tho Chicago and Boston_ calumiticd, by which millions’ worth of proporty woro swent away. ‘'ho present yoat' promivos & boltor finaucinl condition botween itho trado, of this and " otber couutrics. ‘Cerldlnly “fho dou-hedies paylag - countries ‘of Europe, Frandd, gnd Adutrls go ov for yoars without specio ddvanciig to high promiums, Tincauns tho balance or tridg batwoen them au: other oountries has beon hatgly Eyaf egpiost thom, whila the bnlatico of trage 1iss beon Infraly agamet us sinoe the commnoncerent of the war. Another faol to bo taken ‘Into acconnt s the Iargo wpeenlations lu gald in Wall stroot, busod oo the actual demaud of ©5,000,~ 00 & weck for the payment of 'duties, and the balanco in against us in our for- olgn trado. , Lmaintain, 14 I3 nop possible to ro- sumo or reinin spocio paymentd tintil tho bal-, ;anoe of trae Is littlo or nothing azainst U} dbd i have- Lo fwth in any . scheme::for, re- sumption, but ~ in -8 gnerods, ~~com- pralionsive Plgbliu-pu"uy by -which 'tho in- dustry ol the country ~ shall bo develnped, its respurces multiplied, nnd its ca- .preity to supply foreizn countries with articles of praduction iucreased, no that the demand for gold to go abroud shwll bo mot by 8 deiiand for old to go to us. - I hope wo shall rosumo, aid ‘fimh whon wo do, it shall last for one lifetime. ! AN ARGUMEST FOR PROTEGTION. . Boutwail thou spoko of beuoits produced iy drawing laborers from other countrios under the' dystem forced upon wus, and the in- -|'creass” of ' Witges -which follows in ‘| Burope, ~ ®o0 .'toat we dau _ produca ‘mnuy iticlos at acorresponding cost. . In 18712, 76. por cent of our trado was carried on in ign vousols ; last year it waa 73 per, cdilt. AN 'ECONOMICAL, MEASURE: Y .| - R next showed Low & reduction might bo | miado - in the Naval Dopartmont exponucs, naval armowmonts oxcopt - for comst des fonses not being of any conse- uenco to groat 210,000,000 or & 000 & year to us, A PLEA FOR RUDSIDIES. _FIa spola in favor of subsidios, to_enable our shipbuilders ta acquiro control of the cairying tindo. poors, and tho ‘cost mity bo 2,000,000, instead " of- ©20,00,~ g CALL LOANS. He condemned the practice of banks hklnfi monoy on deposit. aud. paymng intorest on it. morchant giving peper on time, finds it maturo whon he knows -ho -has to pay; but that given on cail matures mot by timo but tho appre- Liensions of men, and no business can_or ought to 10sist such_ puactice. -In Soptombor, 1869, banks that made 10ans on call did not’ dare to ask for tho money, a8 thoy know the mon could not puy. 'This -is unjust to all the subsiantinl interests of the country. and is uscd, not by morchuats on time, but in speculation, Fortunes nre suddeuly mado; young men speculato, and aro tempted Lo uso inouoy mot belonging to them, and in nearly all dofalcations tho ~ causo i8 _speculation. Iu his opivion, with the 2id of tho Treasury, the demand coused by the sysiems of which ho had ngokc mlgm boe mot this year. Every one wanted their funds when approhiensions of financial dis- nutors arose, and there is nono to moot tho logitimato domands of trade by withdrawing the borrowed money, and paying intorest on it by tho bauks, .. 1I8BUEOF THE NMESERVE, A6 t0 tho . proposed_tssio of $44,000,000 ro- Borvo, ho had no doubt of the logality of tho fokne, but it should not bo used to incroaso the pérmanent volamo ot currency, but to ro- liove tho substantial intecosts of tho country. ——— BOSTON. : A DETTER FEELING. Special Dwsvateh to The Chicago Tribune. Bostox, Oct. 2L.—The situation on the strect to-dey is more cheerful and encouraging, and that is about as much as .can Lo said, Coufi- donco seoms to bo roturning, but the improve- meut in business is comparatively slow. Cur- roncy is accumulating, and, morcover, is boing used in payment of notes, Anather favorablo symptom is tho groator oaso of Now York funds, which woro frecly offored at X{ per cont premium, Yostorday 34 por cont was tho lowost rato, snd boforo that tho premium has ranged from 3{ to 1 por cont, Favorable roports of tho condition of the Now York banks tond to promote the botter tooling. MANUFACTURERS IN FALL NIVER. Thore was & meeting of tho Bonrd of Diroction of the manufncturing establishmonts in Fall Tiver last night, to coneidor tho proposition roviously recommended by the Manufacturors’ oard of Trade, to suspond work in all. the milla two days in esch week, and_to run only cight hours on the other days, This would boa ro- duction of nearly one-balf in working-time. Twenty-five corporations, owning thirty ~ mills, were roproeontod 1 the conferouco. The do- ressod conditlon of tha print-cloth markot,.the Fllllng offin tho demand for goods, the Ligh price of monoy,and the necosmty for a curlallment of the running time of the mills were fully dis- ocussed ; and a motion was finully adopted that & committeeof three be appointed by the meot- ing to confer with representatives of otherprint- cloth mills, and ascertaiu what concert of action, it any, can bo had with them, in rolation to runuing short time. The mesting adjourned to mest at the call of the Committce. \ TIE TBADE IN PRINTH, In ordinary yeam tho trade in print-cloths is at its hoight™ in October, and the mills and the print-works havo to uso sl their factories to keop up tho supply; but the offect of tho recout ‘monetary convulsion has changed affairs. *This soason,” eald areprosontative of one of tho groat printing establishn:onts there, to-day, * we cin turn out mioro goods in two dnys than wo can sell in & week." For about throo wooks noarly all of these eatablishments hiavo beon slackoning up, in one way or another,—at tho edges, au it wore,—lesscuiug tho production without any ac- tual shutting down. The oustom of keoping the {:flming-mmhineu running during the noon hour ava beon stopped ; and in varlous othor wag has thoro beon o lottingsup In the work. Bul the market rofuses what has already been pro- duced. Goods bavo sccumulated, and & mato- rial auspension must ocour. TIE MANUFACTTUING MILLS are, of course, dopendent, to a vory great ex- tent, upon tho' domand from tho priut-works, a8 woll' a8 directly upon the trado, and aro corre- uflnndlngl affected, The officors of the mills say the satep [a not attributablo to any difficulty in gotting_monoy for ourront expentes, but golely to the diminiehed demand for goods. AOTION TAKEN BY BOME ESTADLISHMENTS. The American Print-Works, acting indopend- antly of the othor mills, has slready adoptod half-timo liours ; sovoral fargo farmibire mann- faotories in the gubmbs have cischa gad & part of thoir bands; somo jowsiry mauufaciurors in Attleborough havo doue the Bame, aund others aro workimg only four days in the week. Pills- bury Bro'hers' Blios Manufactory, in Northwood, employing 100 hauds, buvo quit woik for the proscnt, el OLEVELAND, Special Disvateh to The Chicago Tribune. OLevELAND, O., Oct, 21.—Tho monoy market 1 slowly improving, The grain end produce markets are (irm, and good prices aro obiainoed, but tiansactions are light, A fow of the manu- facturing tirms have discharged one-quarter or ouo-third of their working force, sud many will follow the example within & month. The Olovoland Rolling Mill Company and the Htsxidard Oil Company pald cash in fuil on Iu the summer, all tho moneygocs o New York, - Baturday, snd all the heavy firme are determined to do thoir utmast to avold throwing men out of omploymont, T TILE LARE SUORE RATLEOAD COMPANY yesterday reducod the wagos of machinista and sltopeamployon 14 por cont, and n few quib work; biit, on mohor, sccond thought, most of them wilf roturn, and will work at the roduced wages. The Company promlscs, when businoss im- provag, to roturn to the former rate of psy. 1NON AND COAL OFERATORS {1, tho Maboniug Valley report a vory sorious alttistron: Tho local banks aro unable to ald them, #ad mauy aro paying their men with throe orsix monthis’ papor, drawing 8 per cent futorest.. Unloss rollof conies spoadily, tho majority of tho conl-mines and Iron-mifi in the Mahoning re- glon will have to shut dowtls it PEILADELPHIA. 2 Spectal Duspatch to The Lhicago Tribune, . Praverenia, Oct. 31.—The money marfét in somawhiat easior, though money is ecarco and | ratos gl Coll loans src quoted at 12 por cont, and_ 113§ per cont a mouth for primo dis- count. Guld iy stroiig, opeuing at 1035 and closing at 1035, . 5 THE DBANKA. Business men wonder much at the non-apper- #ride of the usnal weeily stateinonts by our banks, W iioéd sosrcely add that this conduct does not go far to gifay- tho prosont auxiety in muney matiors. e WASH.NGTON: svectab Disputeli to The Chicaga Tribuine: REPORTE OF THE NATIONAL BANKS, Wasnsaroy, Oct. 81—Tho roporis of the.|. Nottonnl Banks, uudor'the racont: call of the Comptroller of the Currency, ard coming in vore flgwly, but all roports from the ptineipal cltios of thd, country will soon bo in, and a statemont of their condition will bo published as soon aa otoh can bo sygregatod. OUTSTANDING LEGAL-TENDERS. he , Snpsbuuding legal-tenders smount to £939,810,438: ———— DAVENPORT, TA. Spectal Disoatch to The Clyeagn Triburies Davixponr, Ia, Oct. 31.—The Hrit of Stock- dlo & Bucko, I 'Walsatt, this couuty, bLas sus- ponded. They owned tho elevatar there, and wvera among tho most_extousive grain deulors in this county. Tho reason for tho suspension is tho failure'to realizo on consignments dtd on gratu in storo. “Lhoir liabilities axe ovor 826, 000 assots about the same. - % o ‘The failure of O, 8. Simmons, cer, of Marengo, is #unounced. Davonport dealors are Iargoly ntorestod. Thore is gront stringéncy in monoy here, the banks rofusing to do any outside discounting whatever. Thero are woll-founded rumors of & chauge in officors of ono of the batks herd, 5 g L INDIANAPOLIS. InpraNaroras, Oct. 21.—Tho Clearing-Honeo Aspooigiion to-dny rescinded thoir former ac- tion sutharizing banka to exercise thoir own op- tion as to the afsonnt of currency to bo paid at any ono time; This leaves matiers oxactly as thoy wore bofore tho panid. . —— ;. ABROAD, s Loxpox, Oct. 21.—0no hundred and Sixty-five thousand dollars woro shipped to-day from South- smpton to New York, and $195,000 from Livor- pool for Quebec. SPORTING MATTERS. Races at Loursvillo. Lexivatoy, Ky, Oct. 21.—Tho first anndial meoting of the Keutucky Trotting Horso Breed- ers’ Asgociation races ooned to-day under very oncouragiug circumstances. Tho weathor was cloudy and cool in tho morning, but bright and bracing during tho most of the day. Four faces woro rup, 'Tho s, Woodford County atakes. for two-your olds, $50 entranco, $25 forfeit, and 850 to second horse by tho Assooiation, mile- hoats, eight eutrios; thioe started. Result of firut raco: James Furat's br, f. Miss,T a 8, W, Nicloi's b, 1, Alethia. 1 Jokn Blect's b, ¢, Froshman. I Time—2:597, $:013¢ Beeand race, all ages, for 2:10 horaes,—8200 to firat, $50 to second ; brokou hirats, Four horses starfod. Won by B.'J. Trncey's b. g. Metoor ; Vi- dette second; Viols third, Time, 2:39, 2:43, 2:40, 2:80, - Third raco, citizens’ purso, $500 for horsos that havo nover buaten 2:30; to first horse, $350 ; NUMISER‘ vfi2. FARMERS’ MOVEMENT IV ILLINOIS. Tho ’l'mnsporia(lnu-Questlon---Rafl-v ways and Raflway-Leg- - ~ istation, \ Modes of Obtaining: Relief. $ Visionary Arbitrary Freight-Tarifls Imprac(icnbla--\ “ho Action of Comgress Nob : Wanted, The Law of Competition Must Be the Btorting-Point of Legislation. Speech of Col, It P. Morgan, Jr., at Dauvers, MoLonn. County, Ill.g . Oct. 21, Speetal Dlevateh to The Chicago Tribunés Datveug, I, Oct, 2L.—A cold, rawy, sud ploraing wind preveuted tho citizons of Danv vers from carrying out their plaus for holdibg: thoir meeting in tho open sir. 1t was deemed, thorofore, advieable, aud greatly for the com- fort of all prosent, to hold tho meeting iu the Prosbyterian Church, which they kindly of-. fered for the purpose. The Rove G. W. Miuier, of Minler, oponed the moeting wi}h 4 prayor, ssking In esmest worda tae blosaings of Providence ppou tho labors of Ml' those engoged i this work of reform. The' Danvers Gleo Club then sang a song With great: ‘eiloct, tho churns of whloh was, “\Ye are acwg on the railroad-mon who fight agatust tho ln\v;~": ‘aftor which the Prosident uf the meeting, Mr." J. D. Yhillips, introduced OCol. B, P. Morgan, Jr., of Bloomington, who spoks as follows ¢ 2 SOL: MURGAN'S BUEEQLL, How-Cit Lo . B e e ot T nd the homor to ad- dress & Luss-muceting of our fouow-cizetia at Say- brook, aud on the 4 0f this month I purticiputed Lexingion in unother large and outhusiustio wiceuug, “A'gooth onien for tho cuuas of refonn, 1 Wwhick wo ure ‘cugaged, 1a Qisclosod by thy fuct tuat, overywhere in tho uubd, the people aro zealous i the work, ud tuuk, . wituolc caliiug on auy person to lul them, thoy sY0 advanuing in solid coluwuus Lo give Lattio. Tueir Bin Getermiuniton to correct tho ovils come plaiued of i such that, though tuy power they Luve 1o Uvercome 18 great boyohd ad procedat, wo buve tie higueet guaruites thut the turaidoin in which the pro= Tooulouss pouciana Luve 80 long Lioid thews tarough the ugency of firr‘:lm w;;hmud»un, xiugs, cliques, . ut 1o bo thruwn o, e s ¥kl tav¥e beel 1oroughly dons, aad e axo fru0 10 AUT INDEPENDENTLY, and without the unjusinauis auu purtissnabip of the Duat fow yoary, It Wit Lo Tuitis 1o Witicipste such cott it refurin of nbuses, sud reiet frout o unjust de- Hiiils of the monopuasty aud tho faluiess pouticians ¥ Wo 45 dn dutv buund 1o claiu aud eufored, 'Wo ato well awure of the Feiucinics witls whicl men Dreuk sway £rom old wssociatious, und uniess tho ped~ Db Who 870 60 burdenod by tho 'evila iugiosed uport Yo 1ktrow aidde thelr purty projudices, aud unlis in ' Comuoil GTOTE £0 FE(OFDR VEIWLIIG Buliusy WO Ganliok cipute tue buCsess Ko much desirad, S ciaion ¢f nuis Huprimo Court {n the cele- birated quo Warranto ¢aso n tie Mulnau Clreuit Gourt, Tiao Beaplo vs, Tiio Obivago & Auon Railrosd Compu~ Layy and thio witeaproad utid gouzTal thscussion of Lo ubetlone, £0 (uFciuly projuvted by the favordbly de- iion of Jutye Wipton, it 8 no lunger cunteuded by tho Tatlway wancgers Of tho couinry thit oy cxn chargo uuredsvusble and exwrlousto Fatch foztho \runuportstion Of persous OF LoPrty, nor thal thuy ‘un thacriminate uijusily between Gotnunities or s Uividuuls by suck rates, —Tuesg discuspluns ave Galed publio aucution 1o the fact tuat by tie $xisuug Tulea of LOuimon law, raiiroad conipauled, kol BT oLy carriets; are probibited frowm eX:0rUuOL OF U= sunt alserbmuution ; but, though thy ratiusd cowpis s conceds thesy potuts, they lnvo not lssened our ardens uor waolty discontiuued thelr uujust dis and do thelr ornuinatious, Thoy clalu tut biey never did, vt now, uxtort or duwclminste uujustly B cunrges, Felyug on tho INCOMPLETE LEGAL PROTZOTION to socond, $100; to third, $60. Two starters. Won by Josio, beating Lady Alice. Time, 2:30, 2:4217, 2:98, 2:3734. " Foutth rage Tacy stakos, throe yoars old that did vot trot bettor than 2:55 in the’ two-year-old form, Mile heats, play or pay, Associztion gives second horae $50. Won by M. M, Clay's b, c. Constor ; Dritton socond. 'Time, 2:65, 2:15, 2:42. Brokon heats in all racos. Tho five races announced for to-morrow are expocted to bo oxcollont, A largo crowd were ou the ground to-day, If clear to-morrow an immenso concourso is looked for. The Newmarket Races. Loxvoy, Oct, 21.—Tuo race for tho Cam- bridgeshire stakos at Nowmarket, to-day, was won_ by Montargos; Walnut sccond; Bterling third. Thirty-seven horsed startod. DBasc Ball, New Yonx, Oct, 21.—Base Ball : Mutuals, 10; Athietics, 8. 2 —_— THE WEATHER, b WasmyatoN, Oct. 21.—The storm over the Inkes will probably contiuuo its romarkable courso to the North and Northwest over upper Shiibigen. For . Wolnoeday In Now En- gland sonthensterly winds and cloudy or- artly cloudy weatber. For tho northern por- ion of the Middlo States and Lower Lako re- gion_southerly winds, with cloudy and rainy woather, clearing away by Wednesday night.. For the Middle Atlantic States south-. westorly winds, veering to tho northwest, with partly cloudy and clear weathor, and somos what higher tomporature. For the South At~ lantle Btatos, southwesterly winds and clear weathor. For the * Eastorn Gulf: Btates, westerly winds and cloar woeathor, with higher tomperaturo, For tho Ollo Valley, southwast, tollowed by morthwest, winds, with cloaring and- cloar wonther. For the Uppor Lankes, continued .northerly winds, with cloudy wen'hor, Cautionary signals continue at Dotrolt, Alpena, Graud Haven, Chbicago, Milwaukee, Escanaba, Marquelte, and Duluth. 4 GENERAL ODSERVATIONS, Onioaco, Oct, 9—1a,m, " “Slation, N, fresh, 33{W., brisk. ! aln'w., lght, d 0[N, frosh, N 82N, brisk, |, : 51,8."'W., gontlu|. { 4aly., goiitle, |..... Cloudy, N fiahe 0027 cionay. Barquatte,. 37|N.' W, fresh.l " (17|Light ratn. Hilmaukos . (29, ulr, Qunabia...,.[20. T Tembin Oloudy, ' Bt, Puul Clear, Toledo, ... | Light enow Yankton,... Fuir, BNOW IN HOUTHERN OIIIO. OrxomvwaTi, Oot. 31, —Snow foll hore this moraiug, but did not lie on the ground in tho clty. A fow miles out in tho country {t folla couple of inches doop, while at Dayton it lay on tho ground six or olght inoios doep. “I'io Gnssopolis spocial from Obarleaton, W. Va,, reporis eight hours' rain there. Tho river 18 forty inchow, and rising rapidly. il ot i SALE OF WISCONSIN PINE LANDS, Special_biswatch to The Chicano Tribuna, Foxrp Du Lao, Wis,, Oct. 21.—Jawmes Ltiley and F. A. Bosworth, of this city, and John Lynoy, of Oshiosh, bave just closed a bargain with Con- grosuman Suwyer for throo scotiovs of valuuble pluo lands in Oconto County, paying 975,000, A fow yoars sluco Sawyor bought tho lsud at Qovornwent price, e e . = BOSTON'S WATER-WOR'(S. Suectad Dispateh lo the Chicago Tribune, DBostoN, Oot. 23.—The Board of Aldermen 1ast night pasved an ordor dircoting the Coohitu- ato Water Board to procoed to introduce water from Sudbury River, at an estimated exponso of over §6,000,000. sfforded to two pevple by 1o common luw 1o prevent 1ueir sttaniug tue ends of jusuce. Tho puuiic at lurge, £00, Liuve gencruily come toa cloar compreliens sion OF thuit TIgULa in thils rogurd, Thess ure so [ conceded by’ tuo Twirosds sud unuersioos by o ‘peoply, that further discussion on tisa pots tan Us Of 1itio pructical use, Iuis ulso @ pually wull kuown that €nol mous stuounts of nowminsl vapital, * wanred stock™ whicy roprosents acttiulsy notiung, nd wiiich 13 ‘many, 1 not iu 0Bt cass, Lk Leon iruudulently 6~ siicd,” aro embraced iu the represented ceplial of 'mearly nll of tho rullrouds, ~The u~ weoulty snd - kmowledge of much matters Wiich rallrosd muuugurs €0 largoly pogaces 010 At onco employed for the work, no. ouly of coiorciug Canbingy for theik roads cuyual to puyiny tus legiiusie Gomiatigs Mpon the capital aciully uvested, - but sisa thut (hey may receive dividends upon, and crestod Ihiurket valuo for, thelr filogitmato stock—und thus it 14 1hat. the xistiuce of ths fictitious stock, aud tho Inposition of Tates such as witl enbio dividonds to Lo mia pon t, 1mposs upon tho puvlis perjetual burs Tens, without suy Correspouding equivsiont, Wit ba miow needed, and 1o Wi dissussion shoutd be diseotod, is some practical plau that Will corrout the evils complained of, thut will ZITINGUISH FIOSITIOUS VALUES, ‘control ailrouds aireudy bunt, both i tuelr charges S0 ueir oqust accominodatfon to the puulic, uud Hhereby socurs 1o capital honvetly uvested just uud even Lperal profits, tud keep It 1 proper reiuiions to the neceusitien of ile pubiic, Tt s aiready been uai tliot tho exiating rules of the coumion Jaw Ax tho dutioa of rallruads, aud protect {5 Tights of individuuls snd the puviie, Ly thoso Tules oxtortions and uuyust discrimivations are pro- luited and moy bo puulshed, aud the {asue of fio~ Utious stock may be corrected,’ Tuo ditlouity is not a0 much with the law regu(ulh:fi tuesn subjects, us With the Juperfect remicdics furusiiod by the law o enforce ita rules, "An individusi, for inatance, s charged by a railrosd colupany an oxtortiounte rata for a cortil SEVics, the faw givea him 8 romedy for thet Wroug; he may be aubiected to b unjust dhacriniustion s baiwoe tini- Self and his noiguboring rival {u business, e law Bl ‘gives him' o Temuly to thal wrong; but What 55 f7 e may auo the railroad compuny to Totover back the exconivo clarge or for tno dams Sgon occasioued by the discrmination, Who of 1 doos ot know that the memedy thua provided by lav 15 of 0o practical utility? Whut individual can aiford, for the sake of recovering somo small sum ox- forted from him fllegully, or soe dumuges caused by Alscrimination, to incur the great expenso of 8 itigu- {105 avith ono of thexo powerful raiiroud corporatious, and for an objoct comparatively 8o inslgnifcant 2 ore than thie, what individual, dolog busiuess on 1o Tino of auy railsoad, can uifurd to {ucur the boatile ftyof Ita minagors uhd thus risk hia wholo busincss Droaperily 7. Iait ot a fact that withiu the knowledye D every onoof you that wrougs such as thoso just mentioned aro daily submitted to for the resions slated? Itisihis PULACIUAL TMNUNITY OF TAILEOADS from tha consusices of violated law, which, more fhom auy other ‘ono thing, hus eusbléd thown'to et that Jaw ‘at defunco snd imposs upon the pube Jio tho' unust burdens under which Tho ~ aggregate of theso evils, Zompatatlvalysmall in cach fndividus! inatance, ye - imownta to an enormous talal, sud hence the necossity for nomo methiod which sball 'givo more prompt efliciont remodles than thase atforded by existiug a and 80 of the ovilaf fictitious atock, already mentioned, Doubtless suck stock might bo_dclared void by the courts, Jf a case should e brought Lefore them and tho facts properly prosented, ‘Lhis, In some rare ine stunces, lios boew done; Lut ot fii many more cases 710 ono has been found 'who conld afford “to take tho burden of a cuutrovarsy upon Lis shoulders nocossary 1o correct the wrong: and, therefore, I that casy, tho publlc romain subjict {0 tho extorijonute chiarges Reuirod fo mako dividends upou st wock. Tila train of thought brings ux to the cone sideration of tho questlon, What remedies can bo proposed which will Lo really offective? It in not possiblo fn tho compass of this address to sug- geat i detail tho logislution roquirod for our reller; Pt my carnest interest fu tho subject us tnduced mie 1o take tho hazard of presenting to you some viws for your consideration, which I trust may commend tliem- Jelven (o your Judgiment as lkely toad $n b solu ton o TIE GNEAT PRODLEA DEFOUE U8, ‘Whenever leglwntion {4 aticipted 10 regulate and contrul thw action of corpuratiuny, thocry {8 st onco Taied, * You ure futerferiug witl vosted rights wnd impuiving the obligatlon of contracts 3 tua clulin iustonce seb up that every churter grauted to a corporation 18 a contract * beiween it and tho State, aud that the corporation w no _longer subject to legal control fu_respect 1o the corparate powurs runted by the chsrter, How far thiv elain sy g\: Aruo It Is not necessury now to coushior, It may be safoly assumed thit the 8 oxiuting ut 1ho time & charter is graned, regulating tue oxercise of corporate franchizes uud prescribing cor- orate dutios, uro as much n part of the churter as il oy wers wrltton lu it, Thisls true of all other cous 1o ni 1f you give a niot by whichi you puy $1,000 inh ntorest, the Juw wretos in il nterest oxiuting whien tha nota wn givet, anifit woro tutad In fla note o) carporuta franchises, the ol Whel thoy Aro grautud bocowo 8 part G¢ tho viarier