Chicago Daily Tribune Newspaper, October 26, 1873, Page 8

¥ [ ) B TERMS OF THE TRIBUNE, TERMA OF AUDACKIPTION (PATADLE IN VANOR). 82! Dnaily, b; o TaNosgpenters SUE0D| ey Partaof oy it tho samo rato. To provont dolay and mistakes, bo sure and givo Post Oft:conddress in full, including Stato and County. Romlltancos may bo mado ofther by ratt, oxpross, Post Offico ordor, or in rogistorod letior, At our rlak, TENMB TO CITY NUDBORINENS. Dotly, doliserod, Bundny excontod, 2 conte per wook. Datly, dolivored, Suniday includod, 18 conts por wock, Addross THE TRIBUNE COMPANY, Corner Madlson and Deceborn-ata,, Ohicago, Il e ey & ‘TO-MORROW'S AMUSEMENTS, PACYIOKERS, PIEATRR Madlaon stcost ori and Hinte “Homoo and dullon - aeactnont of Hlte botwoon Notlson, JIQQLEY'S, MUBATRI- Randolgh stroot, botwoon Olark aud LaSallo, ** Hoacta,' ACADTMY OF MUBIO~Halstod stroot, botwoon Mad- {a awd Moncoe. Lngagoment of Caclotla LaOiorog. MYRRS' OPERA- Deatton o Bater atroley and coudealiile GLOBE THE, D t, betweon Mad. Laon . Weshiogton, Kapepenons of O, 3. Wallace. “*Lrin A-Qlarra,' UST—Monros Tunny Mokos ¢, botwoon fripd TG INTER-BTATR EXPOSITION-Lske-Shoro, foot of Adama atreat, KAHUN'S ANATOMIOAL MUSKUM-143 South Olark- #t. Solenoe And Art, BUSINESS NOTICES. HREADQUARTERS FOR BOYS' OLOTHING. C. C. UDLLINHQ.‘;N and 18 Clark-st. R % 00., ROYAT, IRIST DISTILUERIES, Dot Taland: S50 tho lnrgoat holdots of whisky 1n (h “umid Thelr e Telt 7“5‘%5‘7‘,'5:”&’.'3’1?%‘3233 by, tho & profore i'-ifé!fifx'%{'fx: o on? U atiod Btatos Dranch, 81 Broad- at., Now Yor) The Chicage Tibune, Sunday Morning, October 26, 1873, A BASE ATTACK ON COLVIN., Mr. Storoy objects to the nomination of Mr. Colvin for Magyor, on tho ostonsible ground that hois n man of “bad habits,” Tho human mind is appaliod by tho consideration of what RMr. Storoy would regard se bad habite. It is porfeot~ 1y obvious that the charge-ngainst Mr. Colvin on tho scoro of labits is & protense to cover Mr. Brorey’s mortification at tho proforonce shown %o Colvin over himself, In what respect aro Ar. Colvin's habits worse than Mr. Btorey’s? ‘Wo venture to afiirm thet tho former would congider himself insulted by.apy comparison of bis habits with thoso of Mr, Btorey. Mr. Storoy is not only o man of bsd habits himsolf, but ho has devoted the best yeara of bis life to promoting bad habits in others, by publishing sn indecont newspaper, which no modest woman can open a gecond time, Bo well is this faot Lnown in this community, that & sceret hanker- ing uftor the Times,—and espocially tho Sunday Times,—on tho part of any womau, hag come to bo regarded a8 evidenco of su impure mind ; and tho paper was long ago banished from respecta- ble houscholds, Now, whatover may bo said about Mr. Colvin, 1t cannot be enid that he oxorcised a corrupting influonco on tho community. Whatever his faults may be, Lo bas been tho ouly sufforor from thom, and, a8 wo lave salrendy romarked, his habits have not boon so conspicuously bad as thoso of his ssenilant. Therefors we are forced to concludo that Mr. Colvin's babits alone would not constitute an objection in Mr. Storoy’s mind, if thero woro not somothing eclso rankling in that dark recoptacle. What can that be? Un- doubtodly it is o epirit of rovonge, dictated by Mr. Colvin's success in gotting tho nomina- tion instesd of Limeelf, Mr, Bloroy was largely committed to the Hosing ticket in advance by tho voto in the rotton Board of County Commissionors awarding him £6,000 of the public monoy as ront for rooms which pri- ! vato citizons would not occupy at any prico, whilo botter rooms were offered to the county for half tho monoy. Mr. Btoroy ratifios thia trado go far as Buffalo Miller is concorned (Bufralo being one of the members of the County Board that voted this money to Mr, Btorey), but rofuscs to ratify it as to Colvin, because, forsooth, ho is not a man of good habits | Tell that to tho marines, Mr. Colvin's habits stcas good as Buffalo Millor's, Thoy aro s good ‘a3 his ticket will averago. Thoyare as good as tho Hesing party desire. 'Choyare as good as tho saloon-keopers want, Ar. Btorey's protense that thoy aro not good enough for him 15 altogothor too thin for the ocossion. It is simply tho outery of vexation becauso tho baublo of tho Mayoralty was awarded to another man. Wo ndvieo Ar. Storoy, in all kinduoss, to leavo office-secking alono, and ba contont with tho soclal honors he has achioved Quring ‘his residenco in Chicago. The ofiles of Mayor, +" bowoever popular ko might bo as a candidate, is only of short duration, while his position in go- . clety i well azsured, and cannot bo overthrown by Colvin or any othior man, Morcover, Alr, Btorey is falling into thosero, the yellow leaf, and ,that which ehould sacompany old age—ns honor, .Tovo, obodionco, troops of fiiends—ho should by . all menns geok to havo ; not in their stead the rares of munioipal offico and thoe pmbroilments of local politics. AN EQOLECTIC TICKET, Meospra, Hosing and O'Hara made a seriona mistake whon thoy threw Mr. Storey overbosrd, Loaving out of all quostion tho sterling qualities of Mr. Storey's oharactor, thg lofly sontimonts ‘ot his mind, and the warm promptings of his ‘oart, his conspicuous aveilability slone should hhuve commended him for the fivst placo on thelr ‘tlcket. To bogin with, ho would have had tho ‘anitod moral support of tho churches, They have not forgotten his late weckly porambula- 'tions, in which ho uudertook the noblo mis- wilonary work of purifylng their congrogations, end they owo him n debt of gratitude ,which would bo but poorly ropaid by their ‘eolid votes. Ho might possibly encounter somo .opposition from the Catholics, because ho did mot go smong them and scparato tho black shoep 'from the whito ; but tho Protestant Ohurohos lwould throw tholr wholo influsnco for bim. o iwould also command tho important Intlnouco of ‘tho falr sox. Mo hus boen tholr fast friond. @is ominent socinl standing is also calonlated to ‘mdd to his popularlty. I¢ thoro s anything that jwomen admire in o man, it Is tho calm dignity, 'ho moral wortl, tho geuial courtosy, and rover- " gempe for tho sox which make up tho ohar- ‘jmofer of n succoisful gocloty-man like s, Btorey, His episodo with Miss L., Thomp- fean, which beeamo tho gossip of ‘tho social los, endenred Lim to tho hearts of tho ladios adegree only enhianced by Lis subsequont onal encomiums on individual ladles fn tho " loclumus of his newspaper. It 1 inpossiblo that “!a man o much sought afteras Mr, Storoy should ot zpoelve active moral support a3 a candidate : Mor Mayor. He I just thoman, too, at this time 7\ Soconciliate tho conflioting elomonts of natlon- @iy, The Germany end the Iilsh rogard him with about equal ndmiration, Doth look up to him as to an oracle, Thoy hava beon employed by him in a sorlos of uaeful articles in tho way of domonstrating tho corroctness of tho Darwin- fan theory. Thoy are not likely to ignoro tho gelontifio prominenco which Lo bas thus accord- od thom, Thobusiness-mon would rally about im with one nccord, Tho eminontly judiclous and consarvative course of yhis nowapaper during fluancial troubles, and tho unconsing offorts it mode to allay unroasonablo publie oxcitomont, placed tho business community of Chicago un- dor obligations which thoy can nover adoquato- 1y ropny. His position n that trying omergonoy is alson warrant of his porsonal flinoss for grappling with any financial difficultios that might arlso undor his administration as Nayor. Add to theso largo olomonts of strongth, that would haston to joln his standard, tho host of porsonal frionds, who have learned to love and rospoot Lim in their Iniimate socinl futercourso, and hig cmployes and profossional assoclates, who know and approciato his cordial sympathios and gonial encourngomont, and Mr. Bloroy os & candidato for Mayor twonld bo simply invinoible. Though it s too lato for tho Iosing-O'Hara party to romedy its great orror, which will un- doubtadly load to its ovorwholming dofoat, it is not too Iate to givo Chicago the advantagos that sho would enjoy with Mr, Storoy as Mayor. The Times is now ongaged in making up an Eoloctio ticket, Mr. Btoroy's native modesty would naturally dotor him from *ecolecting" himsel? ot tho heed of it. DBut ho must not thus bo pormitted to hide his light. undor s bushol. If ho is sincorely enlisted in the succoss of tho Ecloctio ticket, ho will start it off with Wilbur F. Storoy. Thero aro o tow ill-nsturod men’in the community who in- sinuato that Mr, Btorey ia protty much brokon down with ago and infirmity,—consoquont upon his sovero labors in the causo of tomporance and virtuo,—but tho auimus of thia is tronsparont, If Mr. Storoy can bo persuadod to makeup his Eclectic ticket with himself tolead 1t, we will stako a largo sum of monoy that tho number of votoa it will recoivo will astonish all tho Xolectic philosophors in the country. ® INTEREST ON CITY DEPQSITE. In nothing is the contrast between the pollcy of Mr. Hosing and his followors so conspicu- ously shown as in their treatment of tho ofice of City Tronsuror. 3r. Heaing bns electod groat many persons to the office of City Troasurer dur- ing his roign in this city, but in no instanco has tho inoumbent offered to pay over to tho publio tho intereat received by him on the deposits of publie money. Four years ngo, the public took tho cleo- tion of City Trossurer away from Mr, Hesing, and made Mr. Uavid A. Gage Treasurer. Bince that time, Mr. Gago has psid into tho City Trensury over $180,000 roceived by bim as in- terost on the public deposits in the banks. Mr. Gago has mado himsolf obnoxious to the Hosing faclion by sotting so irregular and demoralizing aprecodent. Every City Tronsuror clected by Mr, Ilesing Lias taken tho entiro proceeds of this intorest fund for himeelf, or has, perhnps, divided a portion of it smong Mr. Hesing's cabinet, Oun Friday, whon it was moved in Ifes- ing's Convontion that tho Oity snd County Treasurcrs should pay tho iuterest proceods over to tho publio, tho rosolutlon was sup- prossod. Tho candidates on that ticket were not of that kind, Thoy want the office to put the income from city and county deposite into their own paokots. Thoy caro nothing for tho publio tronsury aside from this. 3Ir. Gage's oleotion secures tho continuanco of tho payment of the intorost into tho Oity Treasury; whilo tho elcc- tion of Mosing's candidates will distributo that fund among the bummers to whom thoy owe thelr nomination. DEATH OF THE HON, BAMUEL W, FULLER. Tho Hon. Bamuel W. Fuller, ono of tho lead- ing members of tho Bar of this State, diod yos- terday at his rosidonco on Calumot avenue. The intelligenco of ‘his doath will bo received :rifl.\ profound sorrow, not only in this city, but 2l over the Btate, Though ono of the most modest and retiving men at tho Bar, his groat ability and his high personal character have won for him & mogt wido and honorable roputation, Mr, Fullor was born in Hollis, Now Hamp- shire, noarly fifty-two yoars mgo, His fathor was & farmer. The son spent his early years on tho farm, and his education was only such as was coneidorod sufficiont fora man who was to follow tho plow. Bad bealth, however, compollod a chango, Unablo to perform the labor required of him on tho farm, ho bogan a courso of study. His mothor was a eistor of tho colebrated loxicographer, Prof. J. E. Worcostor, and from kor, probsbly, he in- Terited tho grent montal ability and studious hablte for which hio aftorwards became romarka~ ble. He appliod himself go diligontly that, attor 8 whilo, he was nblo to take n placo as teacher, which profossion he followed in Now Hampshire and algo in Vormont, to which Stato his fathor had removed. At what time ho moved to IlM- nois, wo do not know. He settled in Tazowell Qounty, at Pokin, where ho practicod law, aud, though younger thau uincoln, and Davis, and ofbors who traveled that cirouit, ho was con- spicuous in his profession. Ho was a Domocrat, aud Tazowell County was Whig, but this did not provent hignelghbors from time to t ime honoring him by elections to tho Btate Loglalaturo, o sorved sovoral torms ns Btate Sonator from that distriot, and in the Legislature maintainod his charactor for abillty and integrity, When serv- ing in tho Leglslaturo in 1857, bo was, on the recommendation of Mr, Lincoln, {nvited to como to Ohicago to take ohnrgo of the business of tho law-flrm of Scammon & MoCagyg, of which one momber had gono to Europe and fho other was about togo. A entisfactory arrangomont was ‘mude, and the name of the firm was changed to Beammon, MeCagg & Yullor, tho lattor gontlo- anan undertaking tho whole business, he, at tho eamo time, oxprosaing a doubt whother Lo could wmuke & Mving in Chiengo. o at ouco entored on a largo and profitablo practice, As lawyer and ag citizon ho always maintained tho dignity of & gentleman, Kind and gentle as a obild in his poraonal intorconrso, Lio wag recognizod a8 o man of high intollcctual powers,~a leador at the Dar, ? Aftor the flro, tho name of the firm was changod to that of MeOagg, Fallor & Culvor, and its practico ing beon vory largo, MMr, Fullor had nover boen in robust health, He had alwayas boon throntened with consumption, A few yoara ngo, ho spent tho winter in Xuropo, and last fall went to Xlorida, whero ho romained un~ tilgpring. About two weeks ago, ho loft his of- flco for his houso, nover to roturn. In por- foot kooping with his life, ho prssed awey quict- 1y, a5 it in n slocp, Xo leaves an afilioted wito, but no children, During bis residence hore, he has beon repeat- edly nominated, and othorwise sequested, to take THE CHICAGO DAILY TRIBUNE: SUNDAY, OCIOBER 26, 1873, {udicial offico, but has always declined. A meot- ing of tho Bar to consldor this mournful event g boon called for Mondny morning. THE SWORD OF GIDEON, ‘Mr, Gidoon Welles, Beorotary of tho Navy un- dor Mr, Lincoln, publishes, in the Galaxy for Novombor, o second papor inroply to the addross of Mr. Oharles Francis Adams, on the Inte W. H, Boward, Mr. Adoms claimod for Mr. Howard honors which aro commonly awnrded to My, Lin- coln, and which'ho (Mr. Adnms) spooificd with somo distinctucss, Mr, Wolles statod that Mr. Boward ontored the Onbinot with the impression which Mr. Adams ontortains ; that ho wns.tho de faclo Proeidont, and was, like o Britieh Tromior, to dirot tho affairs of the nation in the nnmo of another. Tho result was indescribablo confusion resulting from tho moddlosome intru- slons of the Bocrotary of Biato into tho dutles of othors. Ilis position gave bim juformation un- known to tho othors, and only partinlly known to tho Prosidont. BSocrotivoness and mystery woro Mr. Bownrd's mothod, Regular meotings of tho Onbinot woro brought in voguo against his protest. Mr, Boward attomptod too muoh, found himsolf embarrassed by promises and nssurancoes inconsiderately given § and, with no dofined pol- joy but in tho faith in oxpodionts, on which he rolied more than op principles, many singular proceodings rosulted ; and Mr..Wolles proceeds to relate cortein instances, of which the follow- ing is tho substance : 1. Ono of tho firat quostions brought beforo tho Govornmont was the reliof of Fort Bumtor. Mr, Soward was opposed to rofuforcing Sumtor, od presumod that ho should be sustained by Gon, Seott, All tho mombors of tho Cabinot, oxcept M. Blalr, yiolded to Gon. Beott, and govo tholr voleea sgalnst sonding supplies ; but tho Prosldent rojocted that polioy, and Mr, Boward was groatly disappointed. It was alleged that ho had promised the rebels that Sumter should be ovaouated. Hero was an instance whon the President, sustained by ouly ono mom- borof tho Cabinet, had overruled Mr. Boward and Gon. Scott. In tho lattor part of March, the Prosidont announced that he had been ndvised to ovacnato Fort Pickons as well as Bumtor, though, as Jlong boforo a8 tho 12ih, the Navy Deparimont had sent o ateamor with ordors to reinforce Pickons. A day or two after, tho Prosident mado known bhis purpose to send supplies to Bumtor, and con- fidontial ordors wero issued to that offect. To the surpriso of ovory ono, information of thess confidential ordors was sont to Oharleston, as it 'was aftorwarde ascortained by Mr., Harvoy, an intimato of tho State D epartment, who was soon after appointed Ministor to Porlugal. Tho cx~ podition to provision Sumter was fitted out within & woek, and instructions woro given to Capt. Mercer, of tho stenmer Powhatan, to com- mond tho squadron and proceed to Charloston. The other vessels wore to meet him off Charles- ton on April 11. But tho Beerotary of Btato, in tho meantimoe, without the knowledgo of the War or Navy Department, had romoved Morcer, plrcod that steemer under tho command of & Junior ofticor, anddispatehed it to Fort Pickons, in Tlortds. The President, in assontingto Soward's measure to roinforco Pickons, was not awaro that the Powhatan had boon detached from tho ox- podition to Charleston until that veswol had eniled, on tho 6th of April. Tho Prosident in- stontly ordered tho rocall of the Powlatan. Boward romonstratod ; but tho Prosident was firm. Tho telograph, however, failed to ovor- takotho Powhatan ; tho Charleston expedition waa loft without o commandor ; aud all the sup-~ plies and munitions intended for Sumter woro gont on & useless voyago to Florida. Tho noxt duy, Soward wroto to Judgo Campbell, of Vir- ginia, * Faith a8 to Sumtor fullykopt, Waitand #co.” In confirmution, Mr. Wolles produces a letter from M, Blair, in which Mr. Seward's ac- tion is again stated. Io (Soward) had pl‘omisudi that Surator should bo ovacuated, and ho de- foated the attompt to roliove tho garrison by trickery. 2. Ontholst of April, Mr, Welles roceived from tho President a packnge of paporsiustructions, and orders, direcling him to send Commodore Btringham to Ponsncola, another ofticer to Véra Cruz, and another order reorganizing the Navy Department, and appoinling a notorious seces- sionist ae Chicf of ono of his buroaus, All theso ordora wero issued by Mr, Soward, tho Secretary of Btato, without any previons Cabinet consulta- tion. Ar. Wollos submitted thoso to tho Presi- dent, who omphatically disavowed thom. Io gaid ho lhad signed & numbor of papors, sup- posed to be merely formal, submitted to him by Mr, Seward, whom ho thought ho could trust. e directed Mr. Wolles to treat thom as nullities. Tho secossionist whom Mr. Soward dosired to appoint as Ohiof of ono of tho burcaus of the Navy Dopartment was shortly afterwards cap- tured in the rebel servico. 8. In guswor to Mr. Adams’ suggostion that it wag unfortunato that Mr, Lincoln know so little of foreign rolations, Mr. Wollos states that on ono occaslon M. Beward prepared s long dis- pateh to Mr, Adams on the rights of bolligeronts; that Mr. Lincoln did nob like it, and, with his own hand, wrote the documont which was sent to Mr, Adams, and which regulatod tho lattor's condncet on that important subject: g 4. To Mr, Adums’ guggostion that Mr. Boward voluntarily gave up overy aspiration for the future *“in oxchange for the moro solidl power to dircct tho affairs of the nntion in tho namo of another,.Mr, Wellea roplics that, in 1802, o strong was the dissatie- faotion in Congross concerning Boward's med- dlosome mismanngement, natrong desiro that ho should loave tho Cabinet prevsiled, On the 17th of Docombor, 1802, a mooting of Ropubli- can Bonators was hold, ab which rosolutions ro- quosting that hio bo dismissed from tho Cabinot were adopted, with only one dissenting voloe, A committco of nino Honntors was appointed to communicato this requost to tho Prosidont. In tho menntimo, Senator Preston King, of Now York, had informed Mr, Soward of the naction, and tho Intter promptly tondorod his resigna- tion, Mr. Lincoln resented this attompt to dle- tato whom ho should lnve in his Oabinet. Boward was not disminsed, nor was ia rosigua- tion acceptod. While Mr, Lincoln repelled this Bonatorial diotation, the procoeding showed Mr, Boward whoro bo atood, It was thon, when ho saw the parly iu Congross and in tho country alionntod from him, that be camo to the conclu~ slon that ko would not bo & caudidate ns Mr. Lincoln's succeior, 6. As fllustrativo of tho excoutive and admin- lstrativo courso of Br, Boward, Mr. Wollos glven tho hiutory of the Potorholl mail enso, In Octobor, 1803, Mr. Boward addressed Wolles o noto to tho offoct that It bad beon thought ex- podient that, when blockading voseels oaptured movchant vossols In contraband trade, tho mails found on such vossols ahould not be searched or oponod. Mr, Wollos pald no attontion to this noto, and, slx months lator, ho was visltod by Mr. Boward, who showod o letter from Lord Lyons, stating that tho mail-bag of the stonm- or Potorhoff wss in the Prizo Court in Now York, ond nbout to bo oxam- Inod; and Lord Lyons had writton that thoso proceodings woro so contrary to tho spurit ©of Mr. tsoward's Jottor of the provious Octobor, that ho nskod to havo thom stopped. Mr, Bew- ard asked Mr. Welles to luterfore, and sond word to the Court to giveup the mail. Mr. Wolles declined, stating, among othor things, thatlb wag possiblo that tho bLest ovidonoo that tho Potorhoft waa n prizo might bo found in tho mail-bag. Mr. Boward sald ho hnd virtually pledged the Governmont by his lottor of the provious Octobor Lo surronder tho mails on thoso | captured blockade-ruuners. After & warm do- bato Mr, Boward loft, ‘Tho English Ministor insistoil on Mr, Soward's promiso, Tho law ro- quired that all papors, &o., on eaptured vessels should bo sont to tho courts, Counsol wero cousullod, sud the law was found strongly oagainet Mr. Boward's unfortunajo Iottor of Oo- tobor. Mr, Woellos says: . % Mr., Boward had, it secomed, in & wenk and un- gunrded moment, attompted to show to Mr, Stowart, of tho Brilish Legatfon, his suthority and power ns Bocrotary of Stata ; that ho was virtually the Promfor and tho controlling mind of tho Govornmont ; that bo could fasuo ordors to his associates §n tho Cabinot as hio wonld to subordinates, and regulate international questions by mero dash of hia pen, without regard to tho Presldont or Cabinet, But when the quostion camo 108 practical issuo, and howas required to ehow hia suthorlty to mako regulationa for tho navy, to sot asido tho lnwa of tho country, to disregard internationnl law and usage, his fil.timed Jottor and assumption of power came Lomo with terriblo offect, Mr. Boward at last plesded tho necessity of concilinting Groat Britain and avolding war, aud tho Prosidont yiclded and ordered tho surrender of the Potorhoff mails. Buts fow days later, Mr. Bumner, mooting Lord Lyons, oxproased ro- grot that Great Britaln, taking sdvantago of tho poculiar circumstancos in which this conndry was placed, should have mado such a demand aa tho surrondor of maila on eaptured veseols. Lord Lyons disavowed having over mado such a do- mand, and sald that Mr, Boward had voluntarily ronounced tho right to search the mails, Tho Petorhoff's mails woro returned unopened, and tho Potorhoft herself escaped for want of avi- donca of hor charactor. Subsequently, however, hor English owners got into a quarrel, and the Iottors contained in the mail-bag wore produced in court, sliowing that sho was a blookade-run- nor and a lawfal prizo. —— ‘WOMEN IN POLITIO3. Tho influence of womon in politics has ro- contly Liad a practical demonstration in England. My, Moncuro D. Conway writes to tho Oincinnati Commercial that tho late cleotions at Dover avd Bath wore dotormined more by the wives of the candidates than tho candidates thomsolvos. In #ho formor city, the Tory candidato was success- ful, though it has beon o Liberal borough here- toforo, At Bath, two ladies wero in the flold,— Mrs Hayward, tho Liboral candidate's wifo, and Mrs. Forsytho, tho champlon of the Conserva- tivo sido. Ta this inatance, the Liboral lady car- ried off tho honors, partly becauso sho was the first to ontor on the canvass, and partly bocause slio was tho moro fascinating of tho' two. We apprehond that, if Mrs. Forsytho wero a8 bonutiful and sttractive 88 gho is congorvative, the mero fact that she was the imitator would not have placed herat a disad- vantage. Tho important part played in these two clestions by fominine esmpnigning s Llcoly to mako this novelty tho striking featuro in tho oloctions for the noxt. Parlioment, It isad- mitted that MMrs, Barnett, the Tory Indy, won ovor tho constituonoy of Dover from its wall- catablished Liboralism. At Dath, tho canvass is statad to have beon very exciting. - Both Iladios went into tho struggle with onthusiasm, drove out in gorgoous equipages, with partisan colors, 08 on o reco-day, pullod up at tho shops of the tradospeoplo soliciting votos, and even captured tho doubiful voters and drove them direot to tho polls. It can bo rondily oon- coived that thore was s now incontive to political dovotion in all this, aud that tho old stagers, worried out and disgusted with stalo political tricks, would eagorly bite at the now bait thrown out to thom, Protty facos, sweet words, musical voices, bright emiles, va- riegatod ribbons, tho fascinating rustle of silks, tho soft pressuro of & prottily-gloved hand, a lovo of a bonnet, and tho coquottish peop of a littlo botling aro quite differont nffairs from tho twirl of tho gbillelah, the fumes of gin, and tho hovwls of chafug bummors. The most blase hator of elections could scarcoly rasist theso now attractions. & ¥t is not eurprising, therofore, that the popu- latity of tho fominino eloctioneerer should bo confidently prodicted at tho comiug elootions. 1t is thought that the Taunton vote will bo de- cided by the proponderating influence of woman's presonco on ona side or tho otber, though it moy be somewhat lessoned in this cnso, sinco the question of woman suffrage will o made the leading issuo. Honry James, the BMinistorial candidate, hss declnred that he will.'vote against woman suffrago until & majority of tho women of England demand it. Sir Alfred Slado, the Tory candidate, baa declared his intontion of voting for the measure, now and at all timos, The result is that soyeral of tho prominont lady advocatos of woman suffroge bave goro to Taun- ton to cast tholr influenco in favor of Bir Alfred. Tour of thom are described to bo accomplished young ladios, and ono of them to bo a epecially- dangerous entagonist of tho Ministorial oandi- duto, becauso sho is at the samo timo young and pretty. This i Mies Rhoda Garrott, who is just out of hor teens, having ‘“a com- ploxion like a tintod sor-glill, large, luminoua eyes, wilk' a suspicion of humor always play~ ing in thom, & rosy mouth, and a musical volao," If woman's suffrago shall onrry the day at Taunton, we venture tho assortion it will owe ita succoss rather to the porsonal charms of Miss Rhodn than to its inhoront strongth or the stronger argumonts thet moro oxperiensed but 1oss beautiful advoeates may bring out. If Mr. Honry Jumos, tho candidato who opposoes wo- man suffrago until a mafority of the Tnglish women domand it, shall bo ablo to onlist tho ace tivo co-operation of a half-a-dozon young wo- men, each ono of whom shall oclipso AMiss TRhoda in * tinted soa-sholl” comploxion, in rosy lips, and musical volce, wo bellove it would bo ontirely safo to wagor monoy on tho dofoat of Bir Alfrod. Tho woman-suffragists muy make a gorious mistake 1f thoy lutorprat thls nowipo- "Jitionl influence of tholr ox to boa demonstra- tion of tho growing popularity of thoir pot pro- joct. Tho influonce scoms to linvo boon oxer- olsod by womon ossontislly ss non-votors, ond it might bo sacrificed altogethor if it were a commonplace, matter-of-fact thing tosco women march up to the polls, tako sthoir placo in tho line, and thus bo roduced to the compara- tivoly untmportant lovel of men votora. Tho Influence of womon in determining oleo- tlons 18 not absolutely now, hut it has beon ox- orelsod 80 raroly and- daintily that it has yot all tlio charm and forco of novelty. Lady Goorglnn, Duchoss of Dovonshiro, had all Wentminstor at hor foot in tho intorost of Bir Francis Burdott; but she waa not n, woman-ulfra- giat, Ilor argumonts woro intensely womanly, Blio uttored thom through tho rosiost of lips, and thon improeasod them with the oal of thoso samo rosy lips, They woro tho strongest argu- ments lips over mado. Charles Fox was onco olected by the diroot influenco of women, Tho listorieal instancos in which womon hnve se- oured and mafntainod tho political prominence of mon in whom they woro intoreated aro nute morous, ' Diaracli confessed that lio owed his gront political succora to hia wifo, and, i so- kuowledgment of it, desired that the poerago profforod to him might be given to Ler. Itls gonorally belioved that s prominent United States Sonator from & Wostorn Btato owos his position to tho tact, onergy, sccomplishmenta, and fascination of his wifo, which have nevor beon oxorcised iIn any but a womanly and wifoly manner. Whilo women rotain powor liko this, it is incom- prohenaiblo that thoy should doliborately barter it away in oxchango forasinglo vote. Wo bolieve that the now Aurora Villago near Bos- ton, which ls to bo govorned oxclusively by womean suffrago, will bo large onough to nccom- modato all tho ladios who ostimato the advan- tago of n ainglo voto above. the more dalicate and gubtle infuences which thoy now oxert as non-voters. Whon tho new syatom shall Lo thoroughly established, Aurora Village will boa good place for » limited numbor of good-looking young meon who aro anxioua to tasto soma of tho aweots of the politionl influonce now peouliar to tho other gox in communitios whero mon do the voting and womeon dictato how it shall bo dono. THE TRIAL OF PUFFENBERGER. 1t haa not osoaped the notico of tho public thad the trinl of Puffonborgor, the ongineor of the coal-train which collided with the pasgonger-train on tho Ohicago & Alton Railrond, with such 1atnl results, was in ono senso a trial of tho Rail- rond Company itself. If Puffenborgoer was guilty of manslaughter, tho Company was'not guilty. Tho jury scom to have understood the moral and logal bearings of tho cnso pretty wwoll, for they brought in a vordict, not only scquitting Puffonborger, bul ndding: *Wo soveroly consure the Ohieago & Alton Railway Company for omploying incompo- tont mon in connmcotion with tho business of tho rond.” Tho Blate's Attornoy showed gront doxtority in challenging the vordict, wheroby tho Jury wore sont back to thoir room, from which thoy subsequontly roturncd with nn amended vordict, acquitting Puf- fouberger, but not censuring the Railway Com- pany. It sppears thal ono member of tho jury, whilo agreoing to acquit Puffenborgor, dld nob “'hormonize ™ on the vote of consiro. He mny have thought thab the acquittal of Puffenberger was a virtual conviotion of every+ ‘body elso implicatod, aud that, therofore, it was unnecessary to censuro anybody in particular, Gront surpriso s beon fraoly oxpressed that TFlorence Nightingale, whiose name has been ns- gocinted with the gentlest forma of philanthropy, should havo suggosted flogging ae & punishmont {for certsin crithes in this country, In her cose it is oharitablo to attribute the recommendation to national traditions, whiok have likowise ns- serted thomselves in tho same connoction in <Canada, whero a recont Grand Jury oxpressedits approval of corporal punishment, the introduction of which it recommended on tho ground that the lash Lins boon proved tobe & groat pravontiva of crime. Wo bave no fear that these encour- agemonts will contribute anything toward tho ro- vival of the brutal practice, which was practical- Iy abandoned in this country with the abolition of human elavery. Tho tendoncy is now all tho otber way, The whipping-postin Delawara is rogarded ns scandal and o disgrace, and nearly evory cago of flogging in that State furnishes an oceasion for reitorated indignation and protest: Thoe noxt decado is much moro likely to sccure tho universal abandonment of corporal punish- mont in the schools than any wideniug of its scope. Mrs. Ellen O, Shermsn, wifo of the Rov. Moses Shorman (Methodist), of Picrmont, Graf- ton COounty, Now Hampshire, claims to have hind o miraculous visitation from Christ, and her doseription of it is g striking ne thoso rolated by tho Roman Catholic Ssint of Paray la Monial, Bho had boon a sufferor for fiftoon yoars,—con- fined to Lior bed for & largo portion of tho time. On tho 10th of Boptombor, 1873, she beeamo on-~ tiroly helploss, Sho rogarded hier recovery as impossiblo, aud on that night *consccrated horself complotely to Christ. On accomplish- ing this, she statos that sho becamo conscious of a Divino presonco in hor room, and a voice whispered, “I will como unto you, and wil manifest myselt unto you.” To this sho re- spouded in hor hoart, but not with hor lips, #ord, if Thon wilt, Thou canst make ma oloan.” Immodiatoly that voico replicd lovingly ond sweotly, “I will. Bo thou clean.” And, gho ndds, * with the worda oamo tho cloansing porvor of Christ's most precfous blood.” 8he did not not sco Christ's form, but Ilis presonco The clection in Kansas this yoar hns a peens Yar interost. A Sonntor of tho United Biates will have to bo chosen by the Legislature to bo olocted by tho people. Tho condition of politica in Knnsps bos boon most deplorable. er ju- diciary, hor Bouators and Congrossmen, and her Leglelatures have all boon convicted of bribory and corrnption, snd tho namo. of Kanaas bas bocomo a synonym of political dishonosty, Tho rosnlt hps boon that tho poople this yoar have boon moving for roform. Formers' organiza- tions have boon had in slmost overy county, baving for their object the displacoment of the old professional politiclans and the olootion of now men, Against this roform tho Ropublican party is hard at work. The contest this year i ‘botween tho poople aud the Republienn party,— botweon reform and the corruption that has dlegraced Kanens for a0 many yoars, e e s A yoar ngo, tho Ohicago Z'imes rofusod to sup- port any porson proviously nominated for ofilco, and put up an * Eclootio ticket " of its own for Prosident and Stato ofticors, That ticket was as follows, and the soveral onudidates recoived in Qook County the numbor of votes put down opposito thelr namos : Candidatess Prostdout—Oharies 0'Couor, Governor—13, G. Wright, . Lieutenaut-Governor—D, 8, Boeretary of Stuto—Lthan Suttan, A\ldllur—fl.ll[l. \Vfl:{un:lun Freuguror—Henry Wes s Attornpy-Gouoral—George A, Bocch . on ‘Avorago vote recelvod by cach candidate, 3 &7, 1t Mr, torey would now run ot tho hond of an ecloctlo tickot, a muoh larger voto would bo polled, No, af Votes, o 18 cceccol THE POLITICAL FCONOMY OF COMMERCIAL CRISES. Wo ars not wanting in historles of commer- olal crives. Mr. D. Morler Evans hag writton thoso of 1847 and 1857, with sketchos of thoso of 1826 nud 1837 Prot, Bonamy Prico, of Oxfoff, bas snnlyzod, with great clonrnoes, the phes nomons bf paniea in a paper published originally in tho North Brittsh Review. Tooke's History of Prices is rich in matorinl boaring on tho sub- joct } nnd in Gormany, Max Wirth has producod a work on tho history of crisoa which may be con- aulted with ndvantago, Nolthor aro we wanting in graphio deseriptions of tho social phonomenn attonding thoso disastors, Dut as Behnofllo, an ominont Corman cconomist, Bays in an able article on Commorce in Bluntschlls’' Staals- warlerbuch, commorcial crigea have mnot as yot roceived at tho handa of writors on politieal cconomy a treatment either sciontific or oxhaustive, Bolmefile does not seom, howevor, to havo beon acquainted with Prof, Prico's tron- tigo, In whose favor wo sre disposed to makoan oxcoption, In tho following short article wo eannot, of courae, protend to do what has yot beon rarely, if evor, dono, and wo thoroforo Uit owraolves to glving AN oUTLIyE of tho naturo, origin, and-causes of commoerclal orisos. A commorolal crisia is, as ovorybody knows, & disoneo of tho body economio ; its symptoms s gonoral lnck of confidonco of man in man ag to his ability to moot his obligations, n glut of the markot, & decliue of prices, Lhe cossation of ‘banking oporations, tho suspension of manufac- turos, tho discharge of laborers,—in fine, & uni- vorsal breaking down of tho machinery by which commerco i carried on, Tho discnse is fortu- natoly an acuto one, Wore it to bocome chronio, the continuancoe of businocss would be simply an Impossibility. Our groat-grandfathers knuow less of com- merelal eriges than wo do, nud yot they kunew something of thom. Hamburg sufforcd soverely trom thoso 0£1763 and 1799, But, in tho past, crisos woro noithor a8 froquent, extensive, nor disnstrous ns thoso of tho prosont century. Bivco 1811, they hnve occurred perfodically, with almost tho rogulurlty of the equinoctinl storms. Ch. Coquelin, in the article Orises Commesciales, in tho Dictionnaire do Economis Politique, divides the CAUBES OF PANICH into causes extrancous to commorco and canses apportaining to basinoss iteolf, though not nocosparily inherent in it. Tho crises of the past, hio would have us boliove, woro ‘brought sbout, for the most part, by tho formor olasa of enuses ; tho more modorn onos by tho Iatter. Wo think M. Coquelin's view, to some extont, erroncous, Crigos bavo, it sooms to us, always “been produced by tho samo cause—the deslruc- tion of capital—or, what amounts to its deatruc- tion, its unproductive consumption. THE DESTRUOTION OF OAPITAL by wars, intostine or foreign, was, sccordlog to M. Coquolin, tho cause of crisos whon credit was not a8 univorsal as it has boen for half & contury buck. He seems to ignoro, however, that the very snmo causo has produced sll tho crisos of this contury ; save that man’s extrave- gance, grasping avarice, or foolish lust of gain hes beon in theso wliat war was in thoso—tho causo of the destruction ; and the destruction itaclf, which in the former was real, in tho .Intter has beon tantnmount to the same, having assumed the form of unproductive consumption. In tho past, copital perished on tho handsof ite ownora, or uot very far from them. In the prosont, the destruction, or virtual destruction, of cnpital (ihe sine qua non of & commerclal crigis) takes placo, not under tho oyes of ita ownors, but possibly a thousand or-two thou- sund milos mway from them ; nor aro itd ownera awaro that their capitul has perished till its roprosontativo in their hands is worthless, or noarly go, It is tho more oxtonsive EXISTENCH OF OREDIT glone that makes the phenomens of panics go difforont {rom what thoy formerly wore; for credit is now the rule, it was once the exception. To undorstand the phenomena of & commorcial crisis, it must bo borne in miod that JONEY, whothor metnllic or paper, is meroly the instro- ment by which proporty is mensured and trans- forred. Hehce, slthough au abject of groat pop- ular interest whon the panio comes, it outs no figuro in the causes which bave brought it about, And yot nothing is more common than to attrib- ute commereial revulsions to the state of the currency. It would bo as rensonablo to attributa o railwsy collision to the wheolbarrows and spades with which the railway was constructod. Thoroe is just a8 much money in the country to- day s thore ias been at any timo eince tho war onded. The igsuing of more currency would not creato any. more property—theroforo , it would not mitigate the orisis, The only effoot would be to raise pricos. DBut alt pricos would not advanes simultaneously and equally. There- fore somo persons would bo benefited at tho ox- ponee of othors, whilo the gonoral features of tho erisis would romain unnltered. Now, it might bo borne in mind, a8 already romarked, that what we mean by the dostruction of capital is not always its abgoluto dostruction, but only what, temporarily at least, smounts {o such dostruction—its unproductive omploy~ mont. For instance, tho capital used in tho production of s lundred cargocs of sloighs to be ehipped to = tropical climato is capital destroyed. So s capital con- gumod tn building & railrosd through a wildor- ness or through o torritory in which it can yiold no prosont return proportionate to the woalth consumed in its construction, 8o, in faot, ia tho eapital used in tho production of anyihing for which thoro is no prosont demand, and which, thorafors, ean have no exchange valuo, That tho views hiora ndvocated of tho causes of commoercial panics is corroct, will appoar more fully in tho soquel. Wo cannot, bowover, stop short in our explanation at tho unproductive consumption of capital, for thisitsolf Is not without o causo; and to find an oxplanation of commercinl crizos, fundamental aud sclentiflo, we must inquire why it is that capital is thus dostroyed or unproduc- tively consumed ? The answor gonerally given to this query is, that this quasl deatruction of capital is produced by OVERSM'EOULATION. But nelther is this answer flnal, for it may bo ngain askod, What producos spoonlation? How comed 1t that whole uations are pertodically soiz- od with this fover? Human action is not with- ont o cause, more than anything else, and mon do not act without motives, Conit, thon, bo ag- cortained why wholo communities periodically Inunoh into speenlation ? Ovis it ouly caprico? It wo can show that there are times when olr- cumstances arosuch that men are almost neoos- anrily induced to ombark in tho wildest speculn- tiong, wo shall hnvo reached an answer to our in- quiries, both fandnmental and sclontifle. Boforo praceoding to this, howover, lef us tako a viow of tho HOCIETARY DOVEMENT, 08 Cnroy ealls it, whou thinga are iu.a healthy oondition, Commerco holds & middlo place botwoeen pro- duotion and connumption, 1t is a mediator bo- twoon tho two, This function 1t accomplishos by a sorlos of crodita, It firnt takes tho goods from tho producer, glving in oxchange its promises to poy—tho paymonts falling duo at certaln specl- fled intervals—and handa them (tho goods) ovor to the comeumors, laking in oxobouge thoir promises to pay, thelr paymonts falling duc at other regulor intorvals, Thug producers aud consuumors aro connected with ono anothor by a ohain of crodits, sometimos & vory long ono. Tho consumor poys the rotsil doalor, the rotail dealor the wholoeale doalor, the wholesale dealor the producer; or importer, ond 8o on till all who havo aided efthor in pro- duction or commerce have beon remuncrated, But the producer s, {n turn, & purchasor of raw matorial, labor, oto,, for which ho must pay, Ho long au this ohain of credits remains unbro- ke, 60 loug ag each ono moote his obligations, tho oconomioc notion {8®n hoalthy ono. But tho momont it is broken n crisla of moro o1 loss conmequonce bogina, Tho inability to pny may originate at any linkof tho chain, and s always oconnlonod by tho absonco of a market, or, rather, of a remunoration, for that which fa produced. When paymont doos not follow pro duotion, tho last in tho serlos 1nust clthor sell chenpor or rotain his' goods on hishands, In oithor caso follows tho inability to meet his obligations, and tho consequont similar innbility of thoso who rolicd upon his solvency. The shook 1a propagatod bnok through the whola chain of crodits to producors, contractors, snd oreditora of all desoriptions, Whon this inability to meot ono's obligations happons in an individ- ual cage only, it poseos unfelt and uncbserved by tho community at large, It fs & cnso of sime plo bankroptey. Whon it happons {n a great mauy justaucos af once, or almost simultsno- ously, A PANIO 1a inovitablo for, not being able to meot thelr obligations in tho usual way, evory ono domands what {a due him from othor gourcos. A rush is mado for tho deposits in banks, and, boing eim- ultaneons, it cripples thoso institutions. There 18 o gonoral ery for tho moans of paymont ; for evory ono s » dobtor, Confidonco is at an end, and the panio soon at its height. Thus {tis the production of that for which thoro fano prosont demand, it domand st all, whioh proocipitates tho crims, This overproduc. tion—tho production of that for which there is no prosont domand—Ie alwaya an unproductive consumption of onpital, and its virtual dostruo« tion. aJt is always cnusod, too, by overspoculs. tion, Lot us inquire now whonce this spoculse tion procoeds. What causes it, or, rather, what almost necessitates it ? It baw often boon romarked that crisos come IN YEARS OF PROSIERITY, at times whon they are loast expeoted, and when thero nooms to bo lenat reason that thoy should happon, This has often oxoited the wonder of paopla; but thete is no resson why it abould, for a gorica of prosporous years brings with it an incronso of enpltal and n decline of profits. Thero {8 no bottor settled principlo of political oconomy than this; that as soclety advances thoro is a tendency of profits to s minimum., Tho avarico of capitallsta vory naturally robels againat thia tendenoy, and launches out into specalation, whonco thoy are driven back with defoat. Mr, Wakofiold has pointed out thst production is limited not only by the quantity of capital and Iabor, but by the FIRLD OF EMPLOYAIENT. Evory nntive occuples only a limited effent of land, and on a limited exteut of Jand ouly a lim- . ited quantity of capital can find omploymont at » profit. Whon tho amount of eapiial §n & coun« try approaches this limit tho profit falls ; and, tho oxtont of the fiold of omployment romaining tho sume, tho greater tho incroaso of capital tha greator tho decroaso of profits, Could this limi} over bo attained, profits would bo aonibilated. John Stuart Mill, in the fourth book of his ** Po- litical Economy,” treats of this subjoct with hia usunl cloarness, Thero is littlo danger, especially in s country liko ours, that for many long yesrs to como wa shall reach the stationary state, And yot wo ara always spproaching it, and fail to reach it only beeauso wo are ab tho ssmg time oxtonding the Umit of tho field of employment of capital. So long as this extens slon of the fleld is made wisoly, symmaotrically, and sccording g tho amount of new capital warrants it, in all direotlons simultancously, no disastrous consequences can follow. As a mat- tor of fact, however, tho avarico and folly of the owners of eapital give to tho fleld s fictitious and one-gided, dovelopmont which invariably rosulta iu tholr own discomfiture, Wo horo mako room for an oxtract from Mr. Milt: Tow porsonn would heaitato to say fhat there would be great difculty in finding remunorative cms ployment overy year for so much new capital, and wmost would concludo that thero would bo what used to o termad s general glut ; that commoditics would bo roduced and romait unsold, or be sold only at o loss, ut tho full oxamiustion which wo ‘bave als ready given to tuls question hna chown that this {8 not tho modo in which tho {ncone venicnco would bo experjoucod, Tho dificulty would uot conalst In any want of a market, If flig now capital were duly shared among mony varletics of employment, It would ralse up a demana for ita own produce, and thero would bo no cause why any partof tlint produce shiould remain longer on hand than fors merly. What would really bo not morely difficult, but finposeible, would ba to employ this capital without submitting it to rapld reduction of tho rato of prodt, Capitalists aro not resigned to this reduction; they robol ngainst it. Thoy forco tho field of employmont by epoculation, for tho rato of profit in ordinary business way, in congequence of the incronso of capitnl, come 8o near to that afforded by tho Lest securitics~—tio number of which it alwoys limited—that GENERAL DISSATISFACTION with the romuneration of capital ensuoa, The dosiro to grow suddenly rich, coupled with thie disantisfaction at the small roturns which capital now brings, Induces speculation, which man- ifosts itself in an unwiso and unuatural exton. sion of the flold of employmont, in the lope that capital will now bring even greater roturns than it did when Iesn abundant, Overapeculation, 88 is ovident from tlidse viows, might, therefore, bo doflned an unnatural and unhealthy development of tho fleld of tho om- ployment of capital, Jf this explanation bo cor- rect, commercial criges are at leat one cause why profits do not attain to tho minimum, and why tho stationary state ia being continually post- poned, That such is their effoct we have the ane thority of Mr, Mill ¢ Firet among such canges Womay molico one which 16 80 almpie and £o. conapicuons {hat somo politicnl econowlste, especially M, do Sismondi sud Dr. Chalmers, havo attouded to it Almost to the_cxelusion of il ofhers, s is, thowasto of capital fn perlode of ovorirading and rash speculation, and in tho comn- mioccial rovulaions by whicl wuch ihud pro abways fo. lowed, Itis truo ihat s grest part of what fs lost at such periods is not deatroyed, but meroly trsns- forrod, ko & gamblor’s losses, Lo morosuccessful spece ulators, Buteven of those mero transfors, & large proporiion 1a atways to foreignors, by the hiisty pur chaso of unusual quantities of foroign goods at ad. vancod prices, And much also fs absolutoly wastod, Tiucs aro opennd, Tadlwoys ot bridges made, and many otlier worke of uhicertain profit commenced, and in fhicdo onterprires tauch _capital $3 sunk whith yiokls eithor mo Foturn, or mono adequato fo tho outlay. Factorica are bullt and machluery crocted boyond ‘what tho market requires, or can keop in employment, Evon if thioy aro kept in omployment, tho capital 13 no Joba auaik 3 1t s boen converted from sirenliing fnto fized capital, and Los ceasod to havo any influcuce, on Wagos, or_prodts, Desldes this, thero i3 o great Whiproditetive consumption of capfial, during tho singe nation. which follows o poriod of gencral overirading. Eutablisumonts_aro hut up, or kept working withoub any proiit, hande ato discharged, and munbors of por~ sohu In all sauke, boing doprivod of thoir iucotno, aud thrown for pupport on_thiolr savings, And thomadlves, atter (o crisis has passed away, in & condition of mora or leaa jmpoverlsliment, Buch aro tho effects of a coms ‘miczelul revlsion ; and that such revulstons are atmott ‘perfodical, 18 a consequence of the very feniency of pros {ta which ea ara conrulering, My tho fimo n fow yeara ave passed over without a crisié, so mich additioual cnpilal lins boen scoumulated, thit i 1 no longor poo~ siblo to fnvest {tat tho aceustomod profl; all publie Beourities riwo to n high price, tho riso of Intorest on tho Lest morcautilo seonrity folls very low, sud {ho complajut i1 goncral amoug jorsons in Dusincas that no monoy 1 to b made, Dooa not this demonatrato how speodily profit would bo ot the minimum, and tho stationary coudition of capltal Would bo attained if thess ducumulstions wWemt on without any counteracting privciplo? But tho dimintsted scalo of ol sate gaing ine clinea porsons fo gives seady earfo any projocts hich Hold out, though at tho tiek of loss, the hops of & higher rto of proft: and spoculations onsue with thio subsequent revulsions, destroy or tansfor to Forolguors, o consldorablo_amotnt of capital, produce a temporary rlso of interest and profit, malke room for fresh acoumulations, and tho samo’sound is re. commaneod, This, doubtloss, & ono conslderablo causo which arroats profta in tielr descont to tho minimum, by sweopiug away from timio to {hno & part of tho ace Cumitated mas by which thoy ara forced down, Thus fluancial crises aro intlmately and al- moat nocessarily conneeted with the acoumula- tion of capital aftor a series of prosperout yoaro, The orisis I8, howevor, hastonod by the CONOENTIATION OF OAPITAL or that which ropresouts it, at corain points, till it falrly ovortlows at theee points, In 1823, tho oapitul of Franco aud England, as M, Coque- lin pointa out, acoumulated at London and Paris at tho Dank of England and the Bauk of France Il employmont had to be fouud for it at all haz- ards, Bohaofllo ebows that provious to tho orisia of 1857 the capital of Burope bad flowod for a sorios of yoors to this country, TFirst came the rovolutions of 1847 and 1843, and thon tho war bogluning in 1854 which rouderod the uyostment