Chicago Daily Tribune Newspaper, December 3, 1873, Page 5

THE TREASURY. Secvetary Richavdsow’s Report on the National Fi- naneess Istimated Deficioncy in Rove- aue---Additional Taxa- tion Advised, The Couses of the Recent Panio, and the Action of the CGovernment, Recommendation {hat the National Banks Pay No Intercst on Deposits, Reiteration of the Right to Reissue the Legal.Ten. der Reserves. Scheme for Occasional and Temporary Entargement of Paper-Noney Circulation. Congress Invited to Provide for Specie Payments and an ** Elastic” Currency. Modifleations of the Tariff---Improviag Conditlon of American Shipping, Wapninaroy, Dec, 2,—The aunual roport of tho Bacretury of tho Treasury was sont to Congress to-dlay. Tho fullowing Is n copfous abatract of the document : MEORIPTY, EX0, ¥OIL THE FISOAL YEAD ENDING JUKK 30, 3. Tho monoys receivail and covered {nto tho Treasury during tho flacal year ending Juny 30, 1879, wer Frow customs s188040022 Jutornul Revetia, g Hulew of publio Jands. . 282,313 Tax on ciroulation aud doposita of National Banks, ... veevsesessarrianeacares 0,808,037 Ropaymont of intoroat by Pasific Rafiroad CORPANY cave s v caees 14,200 iy, (s, penalilos, ete,, labor, dray- ulZe, BtOFORO, €LC, svs ... 1,000,460 Salea of Tudian Triat land, 810,240 Focs, consula, letters patent, et Xarino Hospital tux, Hteambont fu . Direct tax, , Profits on o Tux on sealsio Atlaostlancous sonrces. Total ordinary yecolpts. 922,177,073 miu on sules of coftl, ... 11,760,630 Totalnet recolpts. ....... ..... . $035,708,204 Balauco. In Treustry Jusio 30, 1875, Toeade ! o ~ing $304,780 reccived from undvailable OFVICeR. ! veve e i 106,567,404 Total avatinblo cash, mot.... suoer 48,000,509 Exponditures by warrants during the same poriod were: For civil oxpenses. $ 19,318,521 Foregn intorcours 1,571,382 Indiaua, 7,231, Pension 29,350,420 “Military % fort ttons, rivor, aud lurbor. improvements B BTBENAIS.1es e prersrarses P Naval cstablishments, including vossols sud machinery, and fmprovements of the nuvy-yards Aiscellaneoua civii, incinding pubile butid- iugs, light-houses, and collocting rovenus Puld on tho public debt.... ... Premium on bouds purchiased. Total, oxelualve of publlo dabt..... edomptfon of tho principal of tho dob exclusivo of cortificatos of depoelh Jssuc under the act of Juno 8, 1873, for tho ro- dempiion of wich n liko ‘amount of Undted BStates uotes was sot apart snd Lield aa pocial doposit. $ 50,498,331 Qutstauding cortificates = tioned above, added to principal’ of debt aud to cash balance in tho Treasury. » 81,730,000 . 00,402,008 Balanco in Tronsury June 30, 167, o which add specinl depoeit of legal-fonder notea for_rademption of certificates on Q0pOBIt A0 BBOVOL wuvssesessnsserrerss 31,830,000 Total cash balance July 1, 1873, . $91,102,08 Total. ... 1+ e $440,005,609 By tho foregoing wtatement it will bo seen that 'tho met rovenus for tho fiscal ycar were $333,738,204, and ordiary expouscs $390,346,245, leaving a gurplus rove- nue of $43,802,950, which Jius been applied to ‘TUZ BEDUOTION OF THE DEBT, as followa : Teduction of principal nccount, oxélusive of cortificates of doposit. . $ 50,498,335 Increaso of cash in Treasury, T special dopoait of United Ktates notes for tfi redemption of certificales of deposit, 46,329,138 8,626,250 52,408,220 104,750,088 5,105,010 as comparod with June 80, 2872,... .. 1,205,378 Teduction in dobt....... «$ 43,302,050 This atatoment treats solely of the priucipal of the dobt, - By the montliy dovt statomont, into which en- ser the ccrucd intorest, interest due and unpaid, snd the cash in the Teeasury 08 aacortained on tho day of publication as woll aa tho principal of the dobt, the reduction of the debt during tho psat year ninounted $0 $43,007,030, and the total reduction from Marah 1, 1869, fo Nov, 1, 1879, has been $383,020,78,—tho onaual saribg of niorat sebulting thoretios beiog $37,430,- .04, BXOKIPTS, XTC,, ¥OR TOE QUALTER OF TIS FISOAL YEAR ENDING SUNE 30, 1874, Racelpts during the first quarter of thocurrent fscal ez m customs, . Balea of public Internal revonuo. Tax on circulation, mwfimlm of iuterest by tho Pacific Rail- Tou Gustoms, 11508, &0, A Gonsular, patent, aud other feea. a Proceeds of sales of Governmoant property, 198,070 imB514 41 ‘Miacollanoous sources. ... 1,51 Net ordinary recoipts, 81,850,491 From premiilms on #aleh of COMMLy.vvvereee AI50,18 From Government of Groat Drilain, Doy~ ment of uward of Tribuusl of Arbitfation at Geneva.u.en 16,600,000 The expouditurcs Zollows : For civil and miscellancons exy cluding publio bufldigy, colleciug revoiues an: naos, fn- lightliouses, unct itary i and machinery, aud {mprovoments at ho DAYY-YOIBlritriireans cee 703,481 ¥or interest on public debt, including Pa~ ¢ifio Raitro: DAS. crerasanenne v ee 87,001,007 Totsl, exclusive of priucipal aud pre- mium on publio debt,.ieureeee.eess. $88,716,678 Premium on purchased bonds.., $1,801,0i6 Awards by the Genova Tribu. nal, fnvestmont sccount, et redamption on publio debt 40,788,775 Total net expoenditure Balance in the Tressury Sept, +vo, $200,805,390 ) 0 rost ou tho Pube 110 delt waturlug July 1, ¢tho amount pajil out ou that account during tho dret E‘\mrter of the year wus wore i holf aa miich 48 will ba required for tho nozt 2ino montls, aud although it entora {nto oxpenued tu this quarter, it fs yroperly churgoablo to a longar perfod of timo. Many athior Gxyenditures aro grunter alio during the Airst than any numo:]nvm. quarterh,y reason of the necenslty of supplying disbursing onlcors with monoy, under new upprogilations which bocoinu uvaile ablo un the first of Lnl For the mumluluiy threo qusrtors of Lo current :al yeur it 18 eatimated thot 6 recolpts will Lo £ ¥rom oustoms, slea of publio 1,501 Internal revenus 66,000,000 Tax on National 8,200,000 Pacific Rallways 300,000 Customy, fines, 800,000 Gonsular, prtehy i 500,000 Hales of publlo property...,., 1,000,600 Blacollsioaus sourbes. 2000, Total,yereas For tho mame period Jonooe ex- 5 htinaiad Tt i nditures well bo or eivil expouion, 1§ 16,250,000 Forelgn intorcaurse, 1,100,001 Tudisns 600,000 Pevslons 41,760,000 Military eal Jahn 14,000,000 Naval establishment, 600,000 Miscetlaneaus civi), Augsaar, 24,000,000 Xaterest on 70,000,000 . $400,880,000 ot il loavo dofcloney iy tha rovonvics of §13 EANIMATRS YOI THE FISOAL MIAR INDING JUNE 00, 1870, It I exttmated that thy recelpta for the flacal yoar onding Juno 0, 1873, will by From_ ensfoms. $160,000,000 Halos of publl 600,060 Internal rovonno, + 104,000,000 nx an Natlonal I; . 0,200,000 Tuclile Raflwnga 0,000 Customn, fincs, L0000 Consulat, patont, and oflier foon. , + 1,600,000 falon of PUbHO PropertF.cuvs vecieeeass 1E00000 Wliscollatieons rourcen, . 4,000,000 $305,700,000 Totnl,,.. Yy PYreeeTSY It cxitmated” that tho expoudiiures for tho samo posfod will bo : Milltary tlony, rivor aud hui nnd arsonals, 60,002,000 FUPB 4vasars 13,000,000 Miscollaneous incinding civil, bilidings, Ught-houses, and. collecting piibite 1ho roventcd, ... Intoreston puisiie debi Interest on Vacifle Ratiway bondi, Binking fund. ... 54,007,144 00 875,000 20,018,830 110,191,000 xeculivo Total,uusee sereres S “Tho estinaten recoived from o soveral Dopartments ave as follows ¢ Leaislativo, $ 3,001,403 4 17,805,674 4,200, Exuocutive, Tablio WOrkts.rs. 10704,381 10,020,800 07,703,080 817,410 20,010,855 Total;viusvninsisss ~3810,108,700 REFUNDING THE FUBDLIO DEDT, Unier the arraugement tide by, iy immediato predecessor, it duntary Last, the refauding of tho pitbe o dobt line' beon nuccersfulily continmed, and iu il ‘progressing In precieely tho saimo Munuer s provious negotintions wera conducted, Bubseriptions Luve beon mado {0 the niow § por cont fuded Juan to thio wxtout of $84,600,000, nud thu procreds avo uppliod us faut 13 subsgriptions woturo to tho redomption of an oqual amount of 6-203 beuriug 6 por cout fnterost, In nadition to that umount, £16,600,000 reccived from Great Drltafn n paymont of tho Genova award under tha ficst orticle. of tho Trealy of Wushington hnve been uacd to redeem so far tho outstind- iug publie dobt Uourng G per cent intorcst, und an nmount equal to tho dobtso redcaned hos beo inveated i116 ot cont bouds of tho fiuded ioap, and o roglstored boud therefor Las been 18suod to the Soo- ratary of Stid in trust,to bo beld subjoct o tho futuro disposition of Congress, nccording ta tho provisions of thonctof Murch t 1,7, Whon tho subscriptions ubovomentioned sbull havo matured, thoro wil havo boon thus effocted aluco January last ' conversion of dobt, bearing_0 por cont imtercat, into tho mow & ‘por cout luan, $103,000,000, mukiug 'sn unnunl saving bf intereat to'tiio wnount of 1,000,000, sud tho wisols amount conyorled in this lesu sluco tho prs~ nugo of tho refunding oct will o $300,000,000, reduclog tho sunual tutorent chargo §3,000,600. ' Fho eradit of (ho United Stutes lins ot siood bigher sinco tho closu of thio_rabellion than 1t doos ot tho presont thme, and 1t 1a buifeved ciot tho refuuding of tho 6 por cout debt at a Jower ruto of futorcat cau bo still furthor continued, NRYENUER AND ESTIMATER, On_necount of e ulterations in tho turlfF Jaws, of fonted by {ho tots of May 1 and oG, 1672, xddin fen and cotleo nud other articles 10 the freo fist, n reduction of dutics ou merchandisg, a8 well as by tho removal of u'considerablo smountef’ futernal Tevenuo taxation, tho recoipts have fullon off for {lio yeur ed— ing Jude 10, 1379, much bolow {loso of "provious years, as wis suticipniod, Bince the close of that year, the recent soyire financinl and cormercial crisis fias éaused nn additional and uncxpected diminution in rovenues during s part of Soptember aud tho yihiolo ‘of Oclober, nnd now ; but it Is gratifying to fiud that, {n tiis porlod of greatest commurcial ewbarrasament, the recelpts {u coln from customs binva been greafer tuan tho proportionat amount required for tho sanio period to meot tho Intorest on tho publio debt, aud all othor expenditures which aro poyablo in coin, ' For tho romalnder of tho yenr, cursency poymonts will bs much largor than ordinary currency recelpts, with- out maloof old, Tho reveuurs havo alrcady fallon off wuiliclently to mako it jmporlant aud neces- Bury to oxerclie tho greatest vconomy in mppro- priations snd exponditurcs for the future, and should there not bo a rovival of businoss at i oarly day, and incroase 1 roccipta over those of tho post two-and-a- bolf mouths, additional means will be required to moot oxpetices, Should such bo tho cage, I recom= mend additional taxation, judiclously laid,und ao us to bo tho loast burdonsomo ugon the peoplo and tho busi- ness of tno country, rathor thab Tosort o borrowing moncy aud fucreasing the public dobt, In the estic mates for {bo noxt nine mouths, ns well as for the noxt fscal year, tho probublo offcet of Ansuclal bual- noss deraligement has beon somowbat takon into account, but 08 it 8 yeb too eurly fo dutermino its full oifect upon future revenues, or to estfinnto when aud to what extent thoy will be restored to thefr formor amounts, these catimates aro sub- Ject 1o future contiugoncles, which, durivg the uext Tow monthis, Congress will bo bettor ablo to take into account and fo Juidgo of than it is possible to do at this time. In ahy ovent, I earucatly commend overy ruduction In_appropriatfons whick may bo found pos- uible, to tho ond that tho cconomy wiich tho peopls, audoring under the present embircassment i bust: ness, ro overywhero diaposed 10 make, may bo shred und sncouraged by tho Government {hrough thelr pub- It sorvants, ' THE DANES, TUE FINANOIAL ORISIS, AND THE OUR- HINCY. Thie provaillug practice, not only of Nationul Banks, ‘but of Stale Bunks aud private bankers, o[d)n)‘lu« [ terest on deposils attracts curreney from all parts of the country to Isxge cities, capecially to Now York, the yroat finudelal coulre, at easons of tho yeur Whon thoro s comparatisely’ littlo wio for curreucy olse- where, Innnenso balinces aceumnulate in New York, where, not belug fequired by the demonds of legitimata and ordinary Lushioss, they are loaned on cll ata higher rute of {uterest than that padd to depositors, aud urg used in Apcolation, Every year, at thu ceason when the demand ‘sets {u from the West aud South for ourrency to bo uged In payment for and trans- poreation of thelr ngricultural products, dwero oocurs o airingaucy i the smougy markot ariaiug from the calling n of such loans to meet this deiusnd, Until this year, though annually croating somo embarzagsiment, 1Lis domond hug heon met without werious dfiliculty, Duriug the psc sum- mor, suticipatiug tho usunl nutuun slriugency, tho Troasury Departinent sold gold while the murket price y¢ag bigh, currency abundatit, und bonds for salo in tho market woro gcarco, aud whilo there was a surplus of gold in the Troasury,and thereby accumulatod about §14,000,000 of currency, with tho view of usiug tho samne or auch part thorcof a5 might be neceesary in the purchase of bonds for the sfuking fund ot times during tho autumn and winter when thoy could be bought at o prica not above par fn- gold, or in meoting demuds upon tho Treasury, o8 _circume stancs should roguire, This year thoro was o great domund {or currency {o gay for iy beary crops of o Lountiful harvest, for “which European countries offered & ready marki ‘Tha suspension of certaln largo bankiug-houscs, the first of which occurred on the 18th of Saptember, alarmed the peoplo aato the aafety of tho banks and bsuking institutions fu gene eral,” Buddenty thero began o rapid calling-in of do- tnund loaun, and & vory goncral run o the banks for the withdrawal of deposits, Entire confidenco was manifeatod in Unitod States notes, sud even in Na- tional Bank notee, oud thoy wero drawn wherever they could bo obtalned, and werolargoly hosrded with 88 much avidity as coln was ovor hoarded in times of financial distress when thot was tho circulating medi- um of tho cotintry, Tho banke found themselves unable to meot tho demunds ugon thoms currency i olrculation bocamo exceod: lugly ncarcc, and tho business of tho country becamo greafly embarvamsed, Inthls condition of things, greut prossure was brought to bear upon the ‘Trossury Depurtmoent to siford rolief by tho fasuo of Unitod States notes, The first application carne from o number of gentloien in Now York, suggesting that 10 mesguro of relief would bo adequnte thut aid not piscoat thoaervicoaf tho banka o tist ey §20,000,000 n United Btates notes, and uskiug that the Asaistunt Treusurer at New York should bo suthorizad to iswuo 1o those banks that amount of notcs ¢8 a losn upon u pledgo_of Clenring.Houro cortificatcs, wecired b ‘amplo collaterals, snd for which the cortificates of ufl buuks wero to be jotully sud soverally rerponsibly, This proposition wWae doclinod, it belug clearly ot within my duty, a8 tho autlority of tho Treasury Do- Jurtment, under any provisions of luw thus to cuaploy tho pubilé monoy, Exciongs ou Europo Laving fuleu to unusually low rates, and, fudeed, having becomo wlmoat_undnlablo In the snarket, fo tho ombur: mont of our forelgn aud domesfle trade, appliea~ tions woro uado tothoe Becretury of fie Treasury to wo tho munoy n tho ‘Tremuy i tho wurliase of oxchungo, Tho ‘Tronsury Departument, aving 1o occaiton to do thia far its o%n use, and 1o uicosuity for {ransforring funds to Xuropo, st come peled £0 deoling this proposition, which, it ncce;)lud, rould have put the Depsrtuont {0 the position of ba’ coning n dealor in oxchungo—a position clesrly Incon. siatent with its dutlce, Bubaoquontly, the Now York Troduce Exchango made u propoeition 1o accomplish tho samo rosult in 1 diffurent forin, and ulso requost- ed, o Obhiers hiad bufore, thut tho Socrotary should P atoco th 420, 000 loun of 1608, 'Tiie Cham- et of Comuicrce 0f Obarleston potitioned for tho transfor of uurrency to thut city, and purchas with it ot that poinf exchunge on Naw York toald thoss enguged In forwarding tho cotton crop to the quurket, The Exeoutive Departmunt of the Gaverns ment was anxious to do everytling in its powor under iho law, and with due rogard to the yroteetion of tha “rounury nud msfntonancoof the publio oredit, toullay tho panic, and to prevent diensior, 1o the leidtinato commesclal and fuduntrial fntorests of tho country; inut i was foun linpnnible 0 6Tt relef s auy o tho snany formu in which that rolief'was saked, It wis dacider, thetwiore, to adopt th-only pricticabin caurss which geoted to Lo opun to {f,~the purchaso of bouds for tie pluking fund to such extent as the condition of tho ‘Iressnry would Allow, hnd thus re- festio conatderablo amount of ourrerioy from ita Vaulta, Prrohiases of bonds were commoncod oo the Moruing of Hupt, 20, und continned until the 24th, when- 4t boowne ' evidont that the waound aftering for purchixed wan inerenlng fo an_ oxtent bes youd the powor of thie Treasury to aocupt, ond the Jurchusing vas closed aftor houds to the uniount of abaut $14,000,000had bees hougbt, and withous tho usy uf any part of the $44,000,000 of Unilul States notes genorally kiwn us (e reserso, Tt chould bo uinted it tho oxcltviuent (iero wera many posons Ju Y ity of Now Youlz who fwiatod, with groat catnertucss, that it was the duty of the Escoutive lU_dhlll'tlt.'mfl uny and all lswa which staod fu the way of siforitisg th ed by them,—~w proposition which indi. of rielln« wnd oxotomynt under which ro mada o tho Becrotary of the ‘Creass ‘publlo wonay, sad which, it 13 rasroely neo dd, vould hoh bo ealeriaiued by ils oficora of tho Qovernment fo whom it waa adddrensed, Tho enrretioy yodd out of ho ‘Trcamury for bonds aidad mueh to strongtiicn many snvings banks, mnd Lo provent n panlo soong thiels? nuimerotn deponttorn, who began to be alarmed, and i Uhevo dovoloperd i axtendud vt upon 1iosq uneful Inulitntfons 1t would have eatsed whivpread disater and distress, Itulso fortifinl obwr Lanks, and checked the peneral alavm to wono oxtent, Dul ho loss of confileneo fit thy valuo of great amount of corporato proporty which fmmedatoly followed o fattira of harikiug hottaes comnodtod Witk argely in doblod corporations, {ho distrust of the wolvoney of maay other falitufons,? the doubt aa to the credit of irmis and individualn whoro bunines wan supposed lo Do greatly oxtended, and tho legitimate affect oreof In disturbiu tho Dilsiness of (ho couir, conld not o avolded by any amoant of curroncy which might o added to | tho cireulnifon slroady oxistiug, Confidenco was® to Lo oventunlly restored only by tho alow and eautloua process of alning n fiottor knowledgo of theltrue valiten,and mnk- inft {nvestments necordingly, and, by eonduting bunte neis on firmer bnsis, and moro Tegard (o roal noinds 1nexs and fntringle valuen, {hero catt bo no doubt that tho practleo by bantia of nllowlng Intarest. on deposits, poyiblo on deniand, fn peryteions, wl fraught with dubiger and embarrasament to horrower and lender, a8 well s o general husincss fuforeats, Deposita payablo ont demand shold bo limited to that murplia wWhich In- Aividualb require over aud_abova tlcle luvestmouts, and 10 part uf that from which thoy ospect an n Siich dopowlts aro - comparatively stable, in nverago amounts, and conslitnte a hesithy basis for bankiug purpnaor within proper Hilts, which pradont banlors now how fo detetsmine. But, If doposit neeounts aro omployed as tomposiry fnvestinentsthofntorest att et B IATge amonnt of mofley Lo thono cltles whoto sl In- tereut {8 padd, and whero speonlation ia most active, nt weasons whonas much profit thercon cannol Lo secured elsowhere, With tho fimst roturn of activity fn legitfmate businese, theso temrorary Investments w10 calied o, nnd Jeopardize, m thele sndden with- drawal, tho wlhole husinesa of the bauks, both affect- fugg tegitimato dopositors : ou tlio ono hatid, by oxclte- ment und_ dlatrust, and, on (ho other, creating o con- dition of things §n which borrowers on call aro alay wusble to rospond, Tho buuks Lavo borrowed their motiey of deposilora on call, ‘Thicy havs loaped 3 on enl} £ apeculators, who, by ita ‘use, bave contributed toinflato tho prices of ‘wtocks or merchandiso which bave beon the subject - of thelr speculations, “Tho speculator wanta it to carcy stocks tl he cun dis- poso of them without u lues, Thin ho ls unable 1o do in u stringens money market, The Lanks, thelr dopositora, and borrowers ail want jt at tho snme {ime, and, of cotirue, 8 styingency i davoloped which apreads distress throughont the cottatry, Thu system creatos o1 inunonua ainount of debls payablo oft demand, all of which thus suddenly and unexpeclediy maturs at tho firat ¢hock of finaucial or comimoreial embarras- ment {u tho coustry, and at tho very o when moat needed by tho debtors, aud when they aro least ablo to respond, Tiiero 1s no safety for corporations or indl- yiduala whoso eapital smployed ia wholly or mostly borrowed on call, Many Ravingy banls woro protected from ruin in the recent financiul exeitement by avail- ing themselves of tho provisions in their rules roqulr- ing sixty doys of other porlods of motico Weforo poylug dspositors, thus making all thelr doposits payable on thue, Every —cau- flous aud _ woll-munnged eavings lustitution hoa pucl n rulo smong it by-lawa, Withont atiribut~ ing tho atriugency {1 tho monoy markot, which 15 ox- perienced overy autumn, and oceaslonnily at other Honsous of tho year, sololy (o thls practics of paying 1ntorest upon deposito fn furge cities, it ia ovident that ‘whion monoy Is less needed i Tegitiniate busiuces tho practice encotrages ovor-trading and apeculation, al- ways detrimental to tho bost interests of tho country, and the had effeets of which upon those intoroets bes como mora apparent aud disaster moro widespraad when neceseary coutraction begins to be folt, I recom- mond (it National Bauks bo proventod from payiny interest on deposits, or that thoy bo restricted ‘and Hmited thoroln eithor by diroct prohibition, by dis- criminativo taxation, or otherwlio, Whilo 1ogtsln- tion by Congress canmot prevent Btalo Lunks sud private bankers from continuing tho practico, it can prevent Natlonal Bunkw from becomiuy juvelved in aud Instrumontal in Pro«luclngemlmrm»flmnn(n and dimgultica to which it necesearily leads, National Bankn, organtzed by law of Gongreu, and linyin rels- tions with tho Govormment in tho izate of clreulating notes, ought to be tho most coutlous and safo banking institutiona of 1he country, nud should be kept uloof from ol hozardous buglnoss, whick it fs not nossibl to provent sunguine, venturesome, and speculative fu- dividuals from engaging in, at tho risk of their caplial and their erodit, Witlt a fixed nmonut of circulation of baukenotes, and of United Btates legal-tendor notes, not redoamublo n coln, and with gold whove par iu_cirrency, thero must bo each year timea of rodundancy and times of aeareily of currevcy, depend- ing wholly on thodemund, no method existing for in- creasing tho supply with cireulating medfum redeem- uble in colu, A redundaucy 18 corrected by export, audt Bearcity by fmport, of speele, There 14 a provailing woutimunt that more el eticity’should be given to the Yolumo of currency, #o that tho amount i elroulation ‘might increaso ond dimivish according fo thio necessl- tiea of tho business of tho country ; but the differenco of opinjon on the subject s 80 great, and tho real diflicultics attending s solution are ko numerous, that, without discussing any of the multitude of plans which have been prosented to the public, through the press wnd ofkerwisc, I earnestly commend to the wiedom of Cougread a careful ond thorough con- sideration of thfs important subjoct, rou- dorcd more obvlously fmportant by tho prerent ombarrassed condition of o largo businosa interosta which bavosuffercd by the recout finauelsl crisis, and thut in such fnquiry, avoldiug furiber inflation of tho desvo of frrodeomablo legal-tonder notes, the most desfrablo of oll floan~ clal 1tsults tofbo obtalnod, namely, 8 pormanont return to sound basts of specio paynient knd gold standard, to_which all our pance lssuca shall bo mado oqital value, shall bo the aim. To allow National Hanks to e part of thoir reserves at eeasons of gioatest prose sure, under proper restrictions nnd regulations, would offord soma reliof, Tho rigid stutute Jaws applied to oll Lanks, nt ol ecasons und o oll places allke, oflen provo an embarrassmont, whon thoy confliot | with _economic priuciples ond lawn of ftrado and businoss, = which aro strongor thinn lejielative enactments, and cannot be overthrown theroby, Ansocinted baul nt the sovoral redemption citics named In the Banking law, which ato great controlling contros of busuces, might do Tuutch Lo give stendiness aud aafety, If they wero ot thorized thiough properly constituted Loards or com- mittees of their own oflicers, to oxerelso Jarge discro- tlow 1o thie uso of {holr reserves, in Lo ato of Interest 10 bo charged ot ditferont sexsors and undor ditforent circuniatances, and it other matlors within the limits proseribed by law, Bhonld it bo decmed necessary or expedient to temporarily enlurge pupor monoy circuln- tiun o cases of groat emorgeney, provision way Lo mude to permit Natlonal Biuks, duder certain circume stances, und {0 o linited extent, to increasa thelr note glroulsfion, by a Mulge ' of | Unfled Slatoa ‘bonds,bearing o intercst while 50 plodged,orsubject— ing banks to spechal taxatlon upon_ circuluting notes ubtainod thereon, or upon sich other terma that it ‘would ba for their futerest to recall the notes and ro- deem the bonds ut tho earlloat possible duy after tho presaure and thelr necessitics should Lave consed ; but any Iargo nugmentatlon of the lssuo of United Btates Jegal-tender uutes intime of peace would not ou}rbandermmm from that doclarstion of public ra ey and niedgo of pubiio faitl to the nationnl cred- tora mado in theact of June 40, 1804, that tho total amount of stich notes aball uover oxeced $100,000,000, # well as fromn that more golomn pledge contalned in tuo first act of tha Farty-first Cougress, #To make provision at the carliest practicable porlod for the redemnption of Unlted States notes In coin," but would postyiona the day of upecie paynients, nnd Yonder it moro_difioult to aitain, in tho distant future, unsattlo contidenco in our nitional fuuaces, and bs s sorfous dotrlment to tho public crodit u lioma und abroad, 6PEOIE PAYSMENT, Thoro can bo no doubt that, during tho eight yoars sinc tho Robellion, thorohud Loen a grovdtg desire nmong tho peoplo 1o restora paper clrenlation fo o spacle standsrd, and tliat any stops fakou (0 nccom- plish that object will bo recoived with general favor, 1t 18 not pousible to resumo und maintaln specio mi’- ments with g0 largo an amount of notes in circulation and small amount of gold Jn the country, The volume of currency muat Lo roduced, or that of coin greatly fucreased, Should | National Banks bo probibited ~from eolliug tho coln roceived by thom ua interest upon houds, pledges to securn circulatlon, relalnlng tho #amo in whole or in partin resorvo, or louning it in tho discount of bifis aud notea payablo in coln, as Congress muiglt prescribe, thora would be a graded ace cumulation of gold in bauks which would do gomne- thing towurdo preparing for resumption, Tulz, with o coustant {ncreaso of coln in tho Tresdury, Buder- takken with tho approval of Congress, would ero long Tesd to tho desired reault, when other conditions re- quired for maintancuce of specie paymeuts should Docome favaruble, LEGAL, TENDERD, Tho nct of Congroéa of Fab, 25, 1802, July 11, 1862, and March 3, 1863, togolher uufborizd the isiie of $100,000,000 of Unitéd Btateawotes in addition to 350,000~ 000 Of aicls noto zeseryad foF tho purpoe of securiny tho prampt paywint of temporary Joun dopoultsy an the uot of Jutio 30, 186k, contudn thesa worda : * Noe shall tho totsl nuotnt of Unlted Staten notws fwaued, or to bo icaued, ever oxco:d §i00,000,000, and such additional suni, not excesding $0,000,000, xx may ba temporarily required for redemption of the temporary lou,” “Tho totaporary loana reforred to fu tho foré- ‘golu ucts having beon redecmed, tho mavimum amotnt of United Btatea notes which, undor exiating lawk, can now or horoafter bo jewued fu §463,000,000, Between tho 816t of August, 1805, when the umount of Unitod Btatos notos outstanding was at its Lighext poiat, and_tlia dth of Fobruary, 1808, thers wao & fndia contractiou of the nmoist in actua) clreula. tion, lmnited by fuo mot of Feb, 13, h to 'mot wore | thau $10,000,000 within the next elx months, ond thoreaftor not moroe thau $4,000,000 in any ono montl, On tha 4th of Fob. ruary, 1808, Congrews passed an sct susponding the furthor reduotion of cursonoy, whon the Mot out- standing was $350,000,000, und that suta is now tho miutmuin lmit of feaue; but the law authorlzing the fuwi of tha muzlinum of £100,000,000 an nevor buon repealed, sud hes uniformly Loen Lold by tho Treas. ury Dopartment and the law ofticors tharcof to he in fult foroo, In view of thouncertalnty which vxists in }lubhn senthiment na to the right of tho Sccretary of the Trousury tolasuo United Blutus nutes in excesd of the minimui, and the conflict of flrllllfln nato the policy of dolng o, I respectfully racommond that Congress whnll et howo gniestions ot distiict euactment, Until ihat 1 whenover ihiere 18 % miringency i tho mavey morket, thore will contlnue to Lo'n pressura upon the Trozauty Depactmont by thoso who favor the polley of expanxion to increaso tiio ssite of notes Lo the mux- {muin by the purchaso of honds or ofhorwise, While, on tioothior and, tiote who conceiva tlat publo fi2 toreats will bo botfer worved theraby will befuy squal presuure ta keep thu Issue down to the wlulmum, s euming thut it fu the seftled poliey of Congresa, au des clurod u thy ot of June 80, 1804, above atated, that the tulal stnount of United Sbitus notes faied and to T fsutiod aliull fever axcoed £400,000,000, T i of opiti~ fon it would ba mocensury to ' roquira Ui atmount in nmutual clrenlation to he kopt wp tu the max- fmum’ or to ully muwount above the predent min- fountu, The Treunury, dependiug principdly pon tho rocelpts from custows nud julernsl tazution, without the pover of Loirowing or orher= wibo facreantivg ite rosourcos, withs linilitlos ereatad Dy Congroasionel uppropeiatioon which niust L iact 12 ourrency to to vxlunt of nearly $400,000,000 a year, ought alwaye to bava & large. Tasnrve hpon whieh 1b can draw ta meet tho ordinary desmanua upon it in oade of émargenoles, whon s vevanuss suddenly aud unexpectedly diminislh by renson of & natfonal calam- ity oF fiiclal doeangenient, which, from (imo to thing, neo finblo to occne fnall nutions, Buch resorva In e rondorod neccasary by (he faet tut tho frace Honal enerency aulliorized 1o b feaued o tho amannt of 30,000,000, now i actunt cireutation to #ho exient of Tora fhan $10,600,000, I8 redoemablo fu United Hiates nofos at o option of holders, In or o Mt there may Vo mo nfswderstanding an to tho ciroumstanices under which (ho wmonnt boe tiwoen tho ainimum nnd maxisiuin_ may bo ssued, and thot §1 any not ho ssed for the PuEReso of e Walingg the paper. eurroncy of tho coutityy, I Youdme S this 1 b docinrada voaerva fo bo Insned tome orarlly whon ordinnry domand npon the Treascy slial] reuiro it, und du pogment of kel demands, und for o redemption of frictional eurrenoy, tho wmount o fewued to i returue] 1o {110 Fesorve an soon aa (ho conditionaf tho Troastry slnll warrant it, and that o piirehinso of bonds et o forbiddon o Jong nn onlstanding Unliod Siotes noten shall_oxcoad ‘thy minfmum fxed by thoact of Feh. 4, 188, 1 boliovo thab wneh 8 rorerve, mo- resivicied, womld o n propor and reawonable prolection ngainat any contingeuelos wheroby tho reservon of tha country miight_tompororily b diminiskod, and wanld give 1o reasotiablo catind (0 (oar pormauent fn- fintion.An 1t onght not to bo o bushncss of tho “Tyensuiry Doparhment to fncroass gud diminiah thio antount of legal tondor-poles from Himo 1o thno_ ne- cording tn Nio condition of the Inoney market, and for thio ol pitrposo of alfo:tfug tiat markot, T thine it wonld b tnwlso Lo nuthorize tho redorve fo Lo lesiod oxcopt for tlio purposes and fu tho way which I have auggosted. FORLION TRADE, ‘Tiio balanes of trude in merdinndig bas beon Targoly agginst tho Unltat $tates for many yoars, nnd {ho country hus_oxportod durlug tlio twenty sears cending with the last flscal yoar, gold and silver {o the oxtent of moro than §100,000,000,000 over and above {he amount {mported, For om0 months pant, cspo- clally In Octobor and November, tho oxport trado in merchndiso has greatly lucrewied, and, owlng to the dlsturhanco of financinl offaira oud ollier causes, the importaifon of goods hus Jargely Aminluliod, go that the balanco of trade at presont fs in favor of the United 8tatds, nnd rold nnd ailver hiyo flowed fatp, tho coun try dutiug tho past twn raontha at o rato more rupld thian aves hofore, nxcopt in 1801, when for fho wholo yenr {ho excosn of imports over'exparis wan 316,648, 51, and for the past twonty yeurs there hins been wo othorsinglo year in which thero has boen an_oxcess of {nporty of gold nua sllver over axporls, Tho condi- Hon of by carrying trailo with forcign couutrins, thiough oxhibitiug u largo advorso bulatico, hows oo wlight gains, wilh prospocts of &bl 'furthor lm- provemcnt, Of tho exporta and fmporls during the pnst yoar, 27 per cont Woro carried fu Uniled States Veasels, a'gnin of 3 por cont over the provious yoar, bi1r: INQUEAGE: 1 SIIP-DUILDIND in this country fa doclded, Numbors wore awardadt by tho Inremt of Btatistica to 1,600 vessels, of tho aggre- gato tonnago of 31,743 tonk, whilo diwiug the yeor Preceding the addition to_out mereantile. waring wan only 18,621 tons, Since the closo of tho fiscal year, atill greater netlvity g provailed fn the khip-yards of 1ho Atlantie geabourd. From tho 1st of Jnly to the Iut of Novomber, dooutnents have been fssued to 1,283 come ploted vossclr, of 181,000 tons in all, whilo such returus ns lave beon rocelved, incomploto a they nro, fn- dieato thut thers were building in ~ October lagt 990 vesecls, of tho tounage of 177,520 tons, fnoluding 69 * sl dth & 'tonnago of 07,007 tous, n stoamers, with an nggregate of 35,402 tous, o in conrso of construction ou tha Dolaware, In viow of the Ligh prico of iron nud coal, and the recent advance in thocost of labor in Europe, togothier with tho superlor tenatlo strongth of Amorlcan slip-pinte, 18 pravod by actunl oxporimonts, thure 3 rearonable encouragement to expoct that this branch of {ndusiry will make rapid strides of progress to tho great advantage of commerce, trade, and finan- clul strongeh of tho country, With the balnco of trado in favor of the Unlled Slafes, A RECURN 70 AVECTE PAYSENTS may he eastiy reiched, tnd when reachied moy bo matn- tatued, If such wise fiuancial meusures ara ndopted as will prevent over-trading, ex avafuice, and Bpecula- tion, aud encourngo economy, industry, thrift, aud well“directed and pradent enterpelscs, TG TANITE TAY, Tho following remedica pro nuggeated for adoption 10 tho teneral revielon of tho Taril law : Che abandonment of distinetiong based upon commerefal usage ; in otber words, the material of which an artlele s composod, instend of its commorcial designalfon, Whero partienlat materfal forma the sole or chief element of value, should control its claesifl- cation and rate of duty consoquently imposed, whather ad yalorem or spoclilc, Second—Tho abaudonment of M charges nnd com- miesions” us an clement of dutiablo valuo, Tho rovenito from thia sonrce, while uncertain and come yarativoly tifiing n nmount, fa fruitful In sourco of t:‘mliv:lrral!sment aud complaint in the liguidation of uties, Third—Tho repeal of all provialon of Taws for What aro commonly known as “damosgo nllowances,” or JEoportionato abetements of dutles on motchandise injurod during tho voyagoof importation. Theso vary ot Alfforent ports, oxceeding nt some by 10 or 16 por cent thoso made at others fu ko caser, In mnny in- slances the extent of damage cau only bo spproximate- ly determined, while fu othern thero s room fo sus- pect fraudulont practices, nnd In ull tbe oporstion of the eystem 8 unfavorable to tho honeat importer na well as Govormment, ABTICLES IMPORTED IN BMALL QUANTITIES, Many articles upon which duties are now lovied, ond which do not come in competitdon with those manufactured or produced In this country, aro lme ported fu auch suall quantitios that the duiles collect- od thercon aro_ iusiguificant, and:do 1ot companvat o for tho cost of colicetlon. ' I siiggest {hat all such articles bo added to thae freo liat, A TARILF 18 CUTMINATION, The fees prescribod by law for services upon the Nortliern frontler, conurcied with tho oxecution of tho lws, roliting to navigation and tho collection of thie rovenuo from customs, aro different frum thoso upon tho coast, nnd it questionable whether wuch difforence does uot constitute a violation of tho Conaltutional provision prohibiting the giving of proference by any regulation of cammerca or revanio to parts of_ono State over thodo of snother 3 and & re- visl on ‘nud oquulization of such foes are recom- mended. ATOLITION OF TONNAOF. TAX.. A tonnago tax i now lovied on ull Amerienn sailing vosnol engaged in foreign trude, and on ull peiling vessula of otlior natlonallics, It la'not linpoaed upon Ameriean vosaols engaged i consting trado. Stenins shipw of forehyn nationality in somo casea aro subject totonnage tax; in othersihoy are exempt Ly old treaty stiplutions, only recoutiy carriad into efiec but “all Amerlcan’ steatn vessels arriviug from foreign counlricaurg subject totax, In conwieration of the fact thut this tax was ontirely abolished on all vossels moro than thirly yeurs ago, und only rosoried to as a war= measuro fu 1862, aud thot those engugod in the coust- ing-trado were again rellovod frons {hik burden by ro- cont enactinents, I rocommend that this tax bo wholly abolisbed, ENNOLLMENT AND LIOENSE OF CANAL-DOATS, Tho Departuient hus found ditleulty 1 tho admins. tration of tho act of Yob, 18, 1793, relating to (ho en- rollment aud Heenso of ‘veeacls, With roferenco to ith application to cunai-boats and similar crafts, deaigued 10 ba chitofly omployed in tho interaul waters of tho States, Tiio Bocrotary recommonda that tho status of this claes of vessels stiould by defimtely fixod by such leglslatlon as tho case requires ; nlso the propriaty of roorganizing tho Guetoma Colleetion Distriots on' the Atiantio Coaut, now seventy-nine {n number, THE COLNAGE. during tho Sucal year cudlug i 30, 1673, wea aa fol- oy $15,095,440 4, 140,378 111 Unparted AUVOFsoiss B4 Tota! silver., terresaen 5 Total gold und ¥ilver bura.. 43 617,030 Tho repesl {4 recomniended of the chorgs for coin- ing gold, and aleo the charge imposcd for copper used for lloy, se belug an Incorivenlent ftom fn_catimatitig the coltings value of gold, With o view fo Lo export of gold coins, anthority should bo given for kocping I tho Treasury, when ta _condition will ad- mit of 16 satue, & supply of fito gold baaring the mint slump of finonoss, welght, aud valuo, ond for ox~ changing such bors for coli, They would always Lo preferred to cofn for oxport, snd gold cofns of full Welght would bo releined fn the country fustead of Dotu; selected for export, THE LOUISVILLE & TONTLAD CANAT. 1n rolation to the Loulsvllle & Portluud Canul, which Cougress ot it last scosion anthiorized tho Secretaty of tho Treaguiry to nsstimo coutrol of in fbo intercst of commorce, (he Becrotary saya if Congross would su- thorizo Wim, with the conseat of tho Stato of Ken- tucky, 0 tako possesslon, upon paylug ko floatiny dobt 6 thio Company, putcheing the jivo sharss o #tock now held Ly thio Directors, ond ussuming pr) wmont of the bonds secared by mortgage, when mia- tured, with suthority to purchasp them ot any time pmvlmlilf 08 clroumstances would warrant, one grout obataclo In accomplishing this most desirable result woulil bo removed, and th coat thereof might bo dis- trlbuted over & poriod of several years, atitali ol PATRONS OF HUSBANDRY. Anlowan Oounty Council to Engage in Genoral Manufacturing. Special Livpateh to T'he Chivago Tyidund. Davexront, 1o, Doo, 2—Tho County Counoil of the Palyons of Husbondry of Muscative County buve arganized as an association to en- &ngu i manulacturing and tsalilo fuuanlly. [ho organization ls now being porfooted, Ybe oapital stock has boon fised at £50,000, 'Lhe sbuoolation is nlmnd{ oporuting & slaughtering ostablishment, and will woon talie hold of other branohos of Induutry, aud vperate them for {he honeflt of Gravgers, 3'bis oxamplo will soon be Iollowed In muny othor Iuwa countlos. THE PAPAL SUCCESSION. Ourdinal Pecel to o the Noxt Pope vl Lomo, New Yonk, Deo. 3,—The London Hour says thay ¢ haw trustworthy 1ntormation that, by the erimtfl]y—uxprnusnd wish of Plus 1X., the Car- diuals tiave Loon in consnltation and scleold Gardinal Pecel, the Archbishop of Porugin, for tho uoxt Pope, Ho waus born fu 1810, avd bo- gfiu;u 8 Crrdinal in 182, Ilo is & hurd-working Alinhop, doubt live on torms of amity with the Itullan QGovernment, Yivon the fren-thinkers of Italy greatly ruspact Cardinal e Tiaily _4 REVENUE SEIZURE. New Ouans, Deo, 3~The Customs officlale hava selzed 300,000 olgars, reportad t0 bave besn sminggled f20m Havaus, in called an Ultramontune, but wonld o ! IS CHECAGO DAILY 'NUBUNiS: WIDNESDAY, DECEMBRER 3'. 1873, —_— e FOREICN. Excitement at Havapa on tho Re- ceipt of the Frotocols The Number of Exccutions at Santiago Now Stated at Thirty.Seven. Propurations for an Assault on the Robel Works at Cartagena. CUBA, TTAvAxA, Deo, 2.~Tha publication of tha proto- col signed by Hocrotary Fish and tho Spanish Ministor shusod fntonso agitation and gonoral indignation horo, hut the popular fecling soon booame loss oxelted, under the conviction thab {he Spanish Governmont dofendud its honor, and tudor the confidence which is .placed in the #Houso, Justice, and prudonco of tho pooplo of the Uuitod States. Jovellar fssued & proclamation this evening, advising tho lnwp]n to be ealm, and tho excitoment subslded, “I'he Virgining romalu- od at tho arsonal ufluut‘ and in good coudition. BaNT1Aao, Nov. 23,~Tho Unitod States stonm- erdJuniata arrived on tho 26th, and hor com~ maudar visited the 101 Virgintus prisoners now romaining hero. 1o talogiaphod Consul-Gone- ral Hall, assuriug him that no othor oxecutions excapt tho thirty-saven, have occurrod. and thal 1f tho American Clovermment demantled tho sur- rondor of tho prisonorano diffieulty would bo oxporionced in obtalning them. —eim SPAIN. Lowpoy, Dec, 1.—A spocial dispatch Ay : ** Tho functivity of the Bpunish floot nt Oarla- gonn Iy owing o donbts of the fdelity of tho crow of the iron olad Snragosa. Mapnip, Doo. 2.—1he commander of tho forcos invosting Cartagons tologravhs that tho fusurgents ceasod firing at 2 o'clook yestorday sftornioon, An order has hoen promulgated that, in view of tho delinitive cstablishment of the Republio of Spain, the roya) iusignia bo removed from tha flaga nud standards of the army. Mapnn, Dee. 2,—1'ho tnsurgents at Cartagenn. opened ngain on the Government works to-dny, but their fire is facbler than boforo, The bo- siegora have been reinforoud, aud an asssult is expeoted fioon., —_— FRANCE, Pany, Doc. 2.—Count Begur, momber of the TRight Contro, was to-day clected Socrotary of the Assombly by 800 votes, : Count du Cliatel, of the Left Contre, reccived 270 votes, “The Journal de Paris says M. Bartiioldi, now Firat Bocretary of tho Emnbassy ab St. Potara- burg, 18 mentioned a8 the propable successor of tho Marquis de Nouilles at Washingtou, e GERMANY. Loxpoy, Dec, 2.~Tha story of a dual betwoen Gen. Mantouffol and Yon Gosbon i satd to bo without fouudation, Soge——. GREAT BRITAIN, Loxypox, Deo. %,--Tho ovidenco in the Tich- borna easo clused to-day, and Dr. Kenesly, coun- 8ol for the claimant, commonced his aponch, CRIME. Portect Deapondent Since the Convice tion of Rafferiy--A Movement for o New Trinl. . Special Dispateh to The Chtcago Tribune, Yoruzr, I, Dee., 2.~Tho third conviction of Raforty has hud « damagiug effect on the hopes of Pertoot for u commnutation of sentenco. Sov- oral of our leading Iawyors have sddrossed let- tors o the Govarnor in his intovost, exprossing thio opinion that tho minority roport of tho Su- prema Court upon Lis case is the law,—in other words, that, under the cirenmstances, ho ought to have had a now tial granted him, and oppor- tunity to [l:rodncn certain matorinl witnosses. Ho 'has lost ol of that doflant spirit, and iy ovidently preparing for the worst. Iohas convoyed his proporty—n tarm and some Duilding lots, in or near Tusceloous, Ala., to his counsel, Judgo Knowltou, of Coicngo, which is tho only renumeration ho has beon ablo to ox- toud, . If be is oxecunted, it will take place in what I8 known as the Ftlaanur‘n dining-room, and on Friday, the 1th fust. ‘The Stevenson urder ‘Trial ot Osh. fcasty, Wik, Special Dispateh lo The Chicango Tribune, Osuxosn, Wis., Dee. 2.—Coutrary to gonoral oxpectation, the pavel of tho jury in the cass of Btoveuson, the wife-murderer, “was completed this morniug, and tho trisl commonced. The prosceution rested its examination of witnosses 1his aftornoon, whon the defonse bognn,jand on- deavored to show the ovidont inssuily’ of the prigoner. Tho doforieo brought forward tho tostimony of poopio who know tho prisonor, and toutiflod Lo hiis strango actions. Dr. Ruasell was brought on the stand to show the condition of Stovouson at tho time of the murder. Under tho law of this Stato, Stovenson himsolf was alyo sworn iu his own dofense, aud teutitied to n toeling of excitemont nud forgetfulness on the day ol tho murder., Tha case oxcites intenso in- torest, aud the court-room is crowded. BanikeRobbers in Upper iz Rapids, Mich, 2 &necial Dispateh to The Chicago Tribune, Gnanp Ravros, Mick., Dec. 2.—Suuday night somo person dug in under Exchange Dank, Big Rapids, broks through tho foor, and took 52,500 from g safe, which Lad been loft unlocked,—by somo aceident, it is raid. Two men ulan ina room adjoining the bank, but_say thoy heard no noise. ‘U'he burglar has not ns yot been appro- hended, Snecial Dispatch to The Chicago Tribune, Ureent Bra Baptws, Mioh., Dec, 2.—Tho bank- vubbory hore Sunday night bas occasionod cone siderablo tatl. It nooms that the holo oxcavatod under the bank-building would not osdmit the access of aporson. Plenks wore found diveatly under the vault, placed 80 ns to present the ap- penranco thatsome person had slapt thore, Thoe Cashior ju rqurted ag baving oxtractod $1,600 the evening boforo tho robbery, which i cansid- ored & romarkablo coinoidonco; alsn, on Bunda; the President had businoss in the vault, and, f{om neglect or otherwize, did not lock the safo oor. Six Korsons Found Guilty of Mane Sinughter, Snecial Dispatch to The Chtcapo Tribune, DeTroIT, Doo. 2,—In tho trial at Ann Arbor of tha young men who killed Mr. Briettenback lagt foll, by sssunlting him whon e was seoking to drivo tlom out of Lis berry marsh, the jury, to-day, found the whole six of the ncoused gulliy of mnnslaughter, but recommended all, save Tzrs Moruh, who' struck the fatal blow, to the mercy of tha Court, Attompted Incendiarism in Quincy, Spectas Dispateh to T'he Chicago Trilune, Qurxey, 111, Dec. 2.—An effore was made last night to burn the large coopering establichment of Louis Lehman, Iire was net to tho hulldmfi in two placos, but discovered ard extingnishe before much damago was done. NMeGoolo ¥fela for Mardor 87, Lou, Mo., Dee. 3.—Tho examinution of Miko MeaCoole, the pugilist, for tho wurder of Patsy Munley, about o month sgo, which las ‘beon golug on for sonio daya past, buy closed, aud MaCoale ia hold in 810,000 Londs on acharge of murder in the sgcond degreo. B Now York Orlminal Matters, New Youx, Doo, 2.~8ergt, Brown, of the Elpihth Preoinot, was fawlly wauuded last nlght whilo assisting in taking o number of prisonem to the wiation-house, Ho died this forancon, Iunao Hatol, calored, has boun arrestod on sus prelon of fuinu the porson who threw tho stone, Whilo Thoman MoBride aud John Obrlstopher were flghtlng {nn Water plraes ac-roun carly thip forenoon, tho former fatelly stubbod the lattor. MleBrido was arreited. Bmprisonment for Life, Tenny Havre, Ind,. Deo. 3,—Jaues Roper, Duvid Roper, and Heury Lindly wero sentouced to mprisomment for life to-day for thoe murder of Jawes Deskon, ncar this city, about three wouthy w0, . ‘The Dauldls Murder Qase at Olnoine - mati, CixornnaTy, Deo, 8.—I'ho jury in the murdor cano spalnat Willlaw O, Damols” rotivad at dark, ‘P'ho indicutious ure thal the vordict, if the Jury sggveo, will Lo slow coming ju. I WEATRER, WanmnaroN, Dec, 4—For New Dngland, the tewporuture will visd by, Wy, el Lesiv eloudy woatber and arons of yeui' thu wind vesring 1o eastly and southerly, with Increasing foros, For 5 o] tho Middle States snd Iako rogion, and thence aoutlward (o Komwuoky and = Wost Vit Kluin, woutheastorty to nounthwestorly wind4 alondy wentho: i raln, followed by less cloudiness Wediwnday attornoon, For the South Atlantio Bintes, aml thanco woatwurd to tho Musiwsippl Valloy, 1light onstorly to soutlierly winds, siightly rising wmrammm, in~ grensing cloudiness, nud rroas of light rain. For tho Northwont, rising brscmater, E:\vsr tompor- agure, frosh nud oceasiounlly brisle nortborly to westorly winds, aud suoy, followed by oloaring wonthor, Aftor tho 10Lh inat. tha. display of cauttonary algoals will bo suapended nt thoe Inke ports for tho wintor. GENRRAT, OSERYATIONS, QOioaao, Dee, I—1 8, m, DarThy) Wind, [Riin] Weather, alN., bl itk brlak “Station, Cloudy. Brack urgo Cloudy. Culro .. I o3l brisk,1ot| 0i[Light vatn, 87[4)E, teeshi.| . IChubt rain. 7N, brisk,, ... 04Tdght Anow, 6718, briale. . oloudy, 5 k...o.| OiIdght rain 5N, E, freali,.| .24]Light snow, 68, Wy fresh .| L. [Clondy, AUIN, W,, frosh , ..|Lightsnow, 2IN] W,y frosh | iair, 4(En brlak J0iThreaten'g. 31,y brisk. L Light rain, 891N, froalr,....| 8lLight rain, Ol 14{N, W, briek, (Cloudy, Milwaukeo,,| B7)4, \‘\c brisk, Gloudy, air, Threaten'g, Cloudy. MISOELLANEOUR REPORTH. OrTAWA, 111, Dee, “Tho weather to-dny was that of March or April. A warm wind sud rhowars provailed, and tho sir suggested propara- u?u‘n for gardoning rather than providing for wintor. FIRES. At Ogdensburgh, Oapryspurair, N Y., Doc. 2.—Englo Blo cl ocenpied by J, IT, anory, J. IL, Austin, and Nathan Frank, doalors in dey goods, destroyed by firo this moring. was dos rly Loss hoavy. ¥n Philndelphin, Prranenri, Dec. 2.—Ab o Iate bonr to-night o disastious fire accurrod at Elking' coal-ofl re- finary, cornor of Tifticth stroot and Laucastor avenuo. Loss not known, but will be heavy. —_— PERSGNAL. Bavrnvong, Md., Doc. 2.—Gen, Lewis T, Wig- fall, formorly United States Sonator from ‘fexus, wad admitled yestorday fo tho Baltimore City Dar, " nfter taking the customary oath of allegi~ anca to tho United Bintes, and to the Conatitu-~ tion, laws, and Govornment thercof. ———— CHICAGO DRY GOODS MARKE'i'. Tucsvar EveNiNG, Dec, % The situation of tho dry gooda murket doea 1ot differ in any Qimportaut partlculos from tiat otod {n onr lowt weeldy review, Tbo demand for the moro ataplo fabrica, a8 woll as for fancy articlos suitablo for thio holiday Irado, continuca stcadlly good, at_gonor- nily fiem pricos. ' Tho dmproved demand of tho past fostuight, togatiicr with (o eulinicod cost of tho e materfa ‘snd tho grenter earo in tho money market, havo linpartad n decidedly Rrmor tone 1o tho matlict for callan fabrics, and, at the low prices now provalent, tho markot 3 unqualifiedly Srm, At tho Lust somd Tinesof bleached and brown sheotings and shictinga havondvanced x@le withtn tho past . fow days, and thia will no doubt anon o followed by n corresponding adsanco bore, Thocarpot trado hus rulod rathor qutiot durlng tho past weels, and whilo tho quotations remain nuchanged, dealers 10 110t hesltate to otato that thero is pome * clitting undet " all sronnd, Manufacturers' pricos, howaver, Tomalts Gem, and 20 long a9 this §s tho casé tliere ia not Jikely to Lo any vory matoriul reduc- tion in jobbing rates, ~ Delow vru the quotutions : DROWN 00TTONS, Atfantio A, 44, Atlantic 1, 4-5. Atlantio Dy 44. Atlautic P, 4-4,. Indian Head, 44, Indinn Head, 3-4. Lawrenco, L. L, 44, A, 44, 113 |Agawam F, 4-4. Gardner A, 107 |Soawmut, L L, Augusta, Emplro State. Michigan'A, Nushvilio, 46 fn odford, NI DROTWNS, :Indiau Orchard, C. |Indian Orchutd, D] Nushua E, 40-in Nushua Rt, 36-in Nasbua 0, 3-in Indian Orchotd, W. Tepporell &, 40- IDwight Star, 4 Popporell I, 4i-in % |Continental ‘0. Popperell O, 3:-in Topperoll X, 20-4n Salisbury K, Salisbury . Sulisbury O. Mansachusettn ., Salisbury N. Portamouth P, Indian Orchar Mallory Pind Mallory Purpl, Aancheetor, 29 |Wamautta,. orNonANs, Middlesox, Glongrm Batrda, ... CORSET JEANS, Naumleag satteens. .13 cjAmockoag. . Togtiot autlenna, Indion Orchard,. Androscoguin, Canotuueeses casm Garner Plat, + 6l4ef Wasluigto Lok Musouvil: ooyl 1igh colors, 1 cont oxtrs, New Vork Mifls . Wumsutta, ... .. Pride of the West. S, Concatoga OT, 4. Couentoga AA, 80-1s Methuen, AA. Minnehaha, 44 Miunehals, 7-8 Amorken ‘Amoakoy Whiow Broo Awmoskus Miubattan Amoskou xork, 32.in ‘Arsoskos York, B-nch, .. Toarl RIVCE...... Thorhdike, A Gonettogn oxita, 44 Bwift River, Unnestoga extra, 7-8. Ocean, Coneatoga G, 4-4...9) [Pittafeid. . Coneatoga 00K, T-8,..17 York Blua, . 1r5s, Wittenton cheviot, Whitteuton, B, Aroerlean, 6-3. American, $-3, X@12 UOA.. .llglfi SUKCELLANLOUS, Corpet Wargs, 32580 ¢/Hals.. ... ‘Twines.., S1@ys |Cotton Yarn,, TENEADS, J. & P, Ooates'........73 o John Clark, Jr, & G0.70 0 Claws w0, &, T 7 | Wiilmoatic ), 50 J, Olsrk & 00,4 0,8,1,70 !Green & Daniels’ 5 CARPETINGS, Tapestry Lrussels, Bright's ... 28" 1Higyius, Crosuloy’s,. 35@1.40 [Roxbury Phree-tlg, Hartford, extrsd 1.42% Lowell.,.. . $1.35 Murtford, Im,,, 185 1Bmith & Bunford's, 1.30 Iugrains, Suiith's tapestry, ..$1,98 Towolextis. ... §1.16 Hsriford xtre... 110 Towellwuportine... 1,00 Hartford wed. 05 (Connon wool, o Bolgrado, + B0 (Uniob.o.... Henp. Gommon plain @37 c(Twilled and ez, B, 84 © Matli Eughish cocon, best...85 o Amiorican common. .05 Ameriosn beat.., 5 RNedandwh, ch'k 44,35 Bod and wh obk 64,40 MARINE. Yort of Chicago. AR D, Sclr 7, P, Daldwrn, Bay City, CLEAR] D00ies voiee D02 Prop Charles Roltz, Maniutoe, 4,000 bn onts,” 2,000 by cain, e Lrla flour, 25 brls purk, 35 brls boof, and wundrios, — WATERTOWN, MASS,, LIVE-STOCK MARKET, Warenrows, Mute, Dog, 2—Irxr Oarrns—Ro- colpiu, 748 hiead, ~ Cold 'woatlier stiflened prices shudo from Jast weak equal to ifc per Ib, Trudo cusy o prime oxen; cholcu, $0.15@10,30; oxtrs, 9,000,503 firat quality, $8.00:RH.50 3 weooud quullty, $8.00s7.80 § Lhbrdt quality, $3,00@5.50, HirEr AND Liua—Recoipts, 5,10; brisk domand fn_consoquonce of lght wupyly i advance in priow Rtroug, jgo on ordinary graden’ best lota g uh Hignet! Sheon ta Tots, $3.00@9 .78 vl b, Y e - 6,00, Bpriug lumbu, 5@T NEW ORLEANS MARKET. New Onrani, Dac, %—COTToN—Artive and esslor; faden, 4,400 Dules 3 good ordinary to strict ardwury, Heste s Jow mfidiing (o wtrict low widdling, 136 ke ¢ mldaiing (o strict middling, 16618350 1 good i ing. Chins matiing 4-~4..,.90 o Chius matting 6~4,.,,.88 Chins watting 6-4.,..40 chf 94,43 Red snd wh, wwitdling, 18, il for clieoks ¢ recelpte, 14,000 ¢ Srporinih o?-u:u&un& TR b1 wiocks Talatd o ald, 3 :fl%«?" m}.umx. ' Cumremcy, Mal injount, sight ;3¢ promium for checks. Sterling, Dank, 1173 BrEAnsTirEa—Corul, Tar, lizan, Ne, Salt shoulders luwer at 6o} cloar Erovistons. xih, 70, " BuoAn—Quiet ; inforior, 4)¢%Sei good folr io ully falr, T@T3¢ 5 ntrlly primd, e, Morasses—Avtiva and higher nnmon, 30@40e § falr, 45480 ; primo to chofce, Bi@ide, ~Aotive nud sdvancad; Toir to prime, 292G ¥ e, Ottiors unchanged, el T EAST LIBERTY LIVE-STOCK MARKET, FAsr Linenty, Pa, Doe, S,—Oarriz—Arrvals, 60 wara; best, B@Age . modium, 4@1%e; comumon, 3@ e Mockerw, dugdygo s by, dazigel X Ttoag—Areivals, 60 cav 3 'Lest Philadolphis, $4.75@ 4801 Yorkors, $1.40521 Avrlvali, 50 cura : bont, 43(@5Age ; modium, L@ ORESS GOODS. - SPECIAL DARGAINS Chas. Gossage & Co. Tn all kinds of Dress Goods: Striped and Chene Silks at 65, 75, 85, $1, $1.25; " Che- ney's” American Striped Silks at $1.50, reduced from $2.25, and o line of 24-inch Lyons Striped Silks at $1.50, value $2.75. We offer to-day, to close & lot of extra rich Silks: Satin de Lyons Embossed Velvets at $7.50, former price, $18.00; White Embroidered Satins at $7.50, former price, $16.,00; rich Brocaded Silks at $1.75, former price,§5; Embroidered Ceceliene Poplins at $3.50, former price, $8; Brocaded Ceceliene Popling at $1.75, worth $4.50; Spotted Fou- lards, superior quality, at $1; Plain Colors in Taffetas, Glace, and Gros Grains at prices less than before offered, 106, 108 & 110 State-st. 56 & 58 Washington-st, HWARNEY'S BUCHU, KEARNEY’S EXTRACT BUCHU, ‘I'ie only known somedy for Bright’s Disease, And s Positive Romedy for @ovuT, GRAVEL, STRICTURES, DIABETES, . DYSPEPSIA, NERVOUS DEBILITY, DROPSY, Nen-Retentlon or Inoontinenss uf Urino, Trritation, Ine ‘Sammation or Ulcoration of tho BLADDER AND XIDNEYS, Spormatorthas, Lougcorrhicon or Whitos, Diseasos of thy Proatute Glund, STONE IN THE BLADDER, Oaleulus Gravel or Brickdust Dopasit, and Musas, or Afilky Dischargos, KEARNEY'S EXTRACT Positively an: y"mlui‘a;a‘.u&r?finlu Disoases or Afleo- BLADDER, KIDNEYS, and DROPSICAL SWELLINGS, Existing in Men, Womon, and Chitdren, NO MATTER WIHAT THE AGE, Price, §1 por Bottlo, or Six Bottlos far 85, Depot. No. 104 Duan-st, New Yok, Bold by Druggzists Bverywhers, and B, BURNIIALL & SON aud VAN SOHAAOK, STE- 'VENEON & RREID, Wholsaaly Agonts, Unleayo. HUSICAL Ditson & Col's Gelebmjzedm HOME HUSIGAL LIGRARY. UNEXCELLED COLLECTIONS OF BOUND KUSI VOOAL, GEMS OF GRIEMAN SON, GEMS LM OPERATIO PLARLS, SILVER OFLORD. SIIOWER OF PEARLS. Duets, DIUSICAL TREASURE. Vocal and Instrumantal, INSTRUMENTATL., FOR PIANUFURTIE OR REED ORGAN, GEMS OF STRAUSH, ORGAN AL IIOME. PIANISTS ALBIAT, PIANOFORTE GEMS. TOME CIRCLE. Vols. I and 1L Drlog of cach ilogk, tn Olath 85.00¢ in Reards 82,601 Fino Glit, 54,00, Thd Abovo aytondld booky ary hortue trospuré Buuioe of th bast and wost ponuiar ‘s, betog sulostad o L a *aroam ™ from an {mmousy stock,” 2 to 20 pages, full abiuet muslo sizo, In oach bool 00k you k. Buy theso books for presents] Tn onoh ot 628 worth of wunig, "I, the wholo lbrats, custing, n:omull:f 10 D{nlliu $43, or 864, you will get Thrus Huudred and Fitty Uollars! wart)) ‘hent, pastpaid, on recuipt of retatl price, Oliver Ditaon & Co., Boaton. Chas, H, Ditson & Co., 711 Brosdway, Now York, LYON & HEALY, CHICAGO. __ TRUSSES, RUPTURE. MeNpoTA, i, May 34, 1872 Barttett, Butimsn & Parkor: s Maving sulferod over thirty yoars with a serlous sorotal rupture, part of (s time unable to work, and haviog fallod dring that time to find & Truss that would Lold so- ourely, I fually bought ono of your **Commion Senas Tru whitols tn four montbe ourod we entiraly, Liave fug had no cooasion to wear {t for the past two jears, Yours truly, K. WORALEY, Munufactared by BARTLKTT, BUTMAN & KER, Oftioy, G1latu-at., Ohloaxa. Weuswea of all kinds, Supportors, Shouldes Tirades, Elssio fituokiugs, Grutohes, Lustrumonts for Doforal:, 4, &0, o propor adfustment of a Trase ta fteolfanart, Futes tug both aclenow and sklil, only acquited by experianse. PAR Manufao.ory sstablished Lo L Offlos sstablishied la Chissgn szht rea