Chicago Daily Tribune Newspaper, January 13, 1874, Page 4

TERMS OF THE TRIBUNE, TRTME OF AUDACTUTTION (PATADLE IN ADVANOE). Daily, by mal 2, i . e TR Eieeteesaiot R o550 TFartaof year at tho samo rate, To prorent dolay and mistakos, bo sure and givo Fost Off co address in full, including Btate aud County. Tomlttancas may bo mado eithor by dratt, oxpross, Post Odlice otder, or in resiatorad lelters, At ane risk, TERMB TO CITY GUBBORIRKNS, Dally, dolivered, Bunday oxcentad, 9 conts por wosk. Daily, deliverod, Bunday Inoludod, 2 conts por wooke Addross THE TRIBUNE COMPANY, Coraer Madi d Desrba Uhiosgo, 11l TO-DAY'S AMUSEMENTS. 'VIOKIR'S THRATRE—Madison streot, botveon Doarar hd Bate Whsrsomontof s Siraboren Upora<Tronpa, ** Martha,” EMY OF MUSIO—Halsted atreot, hatweon Madl. hOADEME Or a0, omont of "dohn' Dillon, “*'T'he Lanoashiro Lass." IIRATRVRandoloh stroot, botwoon ol b A N G ', SLOBL TIEATRI-Dosol Iron and Washington, lLinge Danlor Paatomimo-Troupo. t, batmoon Mad: o (o ok & fi\uul’m‘ Dampty," RE' OPRRA-HOUSE Monroa atraot, hatwoon Do e ‘x}mnq«ou, Gotton, aud’ Kemblo's Minsteols, ** StoploSimon, Minstcoley and comicalt= ties, CENT! ty-second stroot. INION PARK CONGREGATIONAL OHUROH— LA, PARK, SO0 A TIO acr ibjook + *¥Wisklite, tho Roformor. 1 avenuo and Twan; AL HALL—Gornar Watasl areauo and oy Irrank Mackisoy’ STIAN UNION ROOMS~No. 114 East Madison L Lot Lo e by ot Nadhan Sheppard: Bubjoot: ** Dickons' Writings." “BUSINESS NOTICES. BY ’K‘RLE?”I;‘APB FROM HAVANA, DRAWING ary, 1674, #th Janu N 5,000 11,718, 10,653, 20,401, Addrass A. Ciroulars sent free. N . Box, (0'& CO., 61 Broadway, Now York, or I’ Information glven. ,!/gxuv‘nnn on | The Clhicage Tibune, January 13, 1874. Tuesday Morning, Work on tho THinois River Railroad, which is to conuoet this city with the coal fields of Will County, is being pushed rapidly. All the grad- ing hina bean finshed 5 track-laying will begin in & month, nud by next May tho road will be com- ploted, and Chicago have access to & cheapor coal market than any it now has. Capt. Hickey, formerly of tho South Sido Pro- cinct, wsa nominated by the Mayor to tha Com- mon Council last night to succced Capt. Lull, whom he removed. The Mayor hos also nomi- nated Louis Wahl to fill the vacancy in the Board of Pablic Works. Both nominationa wero referred to the appropriato Committees. Pittsburgh politicians are in a flutter of tropli- dation, Grier, the defaulting Cashior of tho Nationsl Trust Company, which nogotinted the fraudulent belf million of wator bonds issued by the Secrotary of the Wator Commission, has turned State's ovidenco. Ho promizcs to return to Pittsburgh, stand his prosceution, and toll all hio knows, Ifis offor hns beon nccepted, the roward promised for his apprehension withe drawn, and ko is expocted to retwrn Wodnesday morning with a confession that will upset many roputations hitherto frm. ———— ‘Fhe nccident on the Obicago & Northwostern Road yesterdny was the result of * forgotful- ‘uess vory much lite Conductor Boanc's, The conductor of & ' wild"” or extra froight tvain lofi Afton with Iig train in violation of the rules of the Company, and forgetting that ho’was cer- tain to run into anothor train that had the right of way. The rosult was the destruction of tho Tocomotives and cars, the death of the onginecor of the rogular train, and tho severe wounding of two persous. One of tho unsatiefactory things nbout theso cases of forgetfulnoss is, that their fatal results are a0 seldom visited upon the for- gotsul. Beme light Lins been thrown on the origin of tho proposed investigation into the conduct of the Indian Dopartmont. 1¢ arose from the cliarges made agaiust tho Dopartment by Chair- man Weleh, of the Pence Commissioners, who wrote President Grant that thero was an Indian Ring in the Interior Department which was pro- liflc of great frauds. To this a counter-charge was mnde by the Department, that the Peaco Commiggionera themselves woro a most corrupt xing, and wero In the habit of letting thoir most valuable contracts to porsonal frionds, The best foature of the scaudal is that it farnishos o now and strong argument for the merger of the Indian Bureau with the War Departmont, which ought to have had charge of it long ago. [ Kelloy, of Ponnsylvania, who declared during the Credit Mobulier investigation that the stock creditod to him was not his, and then offored to make tho Governmont s prosent of it, hns just porpetrated an equelly brillisns “bull,” He 1ramed & resolution declaring it to bo the senea of tho Houso thut the impending deficit in the Trensury wag uot to be met by incroased taxa- tion, and proposing to meot ft by borrowing monoy ot low rates of interest, Kelley is uothing if not s political economist, but even his pluatic cconomy wonld bo puzzled to make ordinary people understaud how tho intorost and the principal of such an increaso of the dobt could bo met without an incropso of taxa- ticn at some tima or other, To te credit, the Houso rofused to conkidor the rosolution. Souator Conlkling's firat and last spesch on the Selery-Grab Repeal bil) wag very effoctive, and ontitles ‘Lim to public gratitudo for having stopped the most tiresomo debate over hed by the moat tiresomo debating socioty in tho coun- try. Houtated that the subject ought to have been sottled by tho Benato in ono day, and then Pproposed asubstitute for th bitl pending, withall its amendmonty, His substitutowas adoptod by a voto 0f 60 10 8; twelve Benatora nat voting, It provides for the totsl repeal of the grab-law, excepting only the salaries of tho President and the Judges o tho Kupromo Court ; no mileage is allowed to mombors of the Fogty-third Con- gresu; all of tho incrensed salary that has boen rotumed by ropentant membors, togothier with that which has not been drawn, is daglared to Do tho property of tho United States, ————— The Chiosgo produco markots wero morg po. tive yestordsy, and gruin was excited and. strongop, Mesa pork was in folr demand, but closed eusier at S14.60 por brl cosh, nnd 314,75 koller Fobruary, Lard was in good demsnd, and 100 por 100 tbs lughor, closing at 90.10@8.12%¢ cach, and $9.25@0.373¢ scllor Fobruary, Ments wera in good demund and Yo highor, atBj{o for shoul- dors, Ti4e for whort ribs, 7(@73e for shiort oleay, aud 0@10c for swest piokled hams, Dressed lioge wore dull and 100 lower, closlag ab €018 pox 100 tbo for haavy, Higkiass were | Flour ‘wa quict and stronger, Whoat wes active, and noarly* Ie highor, closing at $1263¢ cash and activa and Yo highor, ot H70 per gallon, £1.27% sollor Fobruary, Corn was nctive, aud ndvancod 3Yfo, olowing at 01}fc cash and 09340 sollor Fobruary, Onts woro active nnd 1igo lighor, olosiug ab 43%¢o cash and 44940 sollor February. Ilye was quiet and firm nt 780 for rogular No. 2. Barley was aotive and higlor, at $1.60 for No. 2 and 81.25@1.27 for No. 3, in or- dinary houses, Live hoga woro dull and wonk, with galos of modium to choleo at $5.00@5.60. Cattlo sold to only alimited oxtent at $2.00@ 5,80, Bhoop wore Inactive. Thero wasn scono in the Common Councll Inst ovoning ovor the vote to confirm Thomas H. Hamilton, Mayor Colvin's nominoe for Boiler Inspootor. Tho vote stoed 20 to 17, ono loss than wos necossary for confirmation. Thoro- upon Al Balloy offered to changa his vote, and tho Magor deolared tho nomination ratified, This ruling was so momfestly in violation of parfismontary law that thoro was a goneral protest, but the Mayor adbored to his declsion, and the Council adjourned in confuslon, That the Mayor is wrong is cortain, and, ns no motion was mado {o roconsider the voto, Mr. Hamilton's namo cannot bo Lrought bofore tho Council ngain. Tho Mayor agsorts that Lo will commis- slon Mr. Hamillon; butit will be a thaukloss sorvies, a8 no ono will bave tho lorst obligation or disposition to pay an Inspecior so illogally qualificd any fecs whatevor, The {nsuguration of William Allen at Colum- bus yesterday gives Ohio tho novelty of o Dom- ocratie Governor, Tho chiof intorost of the proceodinge attachos to the inaugural. Gov. Allen reminds the Loglislature that the work of tho Coustitutional Convention will probably render necossary such a thorough revision of tho laws of tho Stato at thoir noxt scesion that it will not bo worth thoir whilo to attompt much in tho way of statmtory logislation dur- ing this mcsgion. There i but ons matter which urgently demands their attention. That is the reduction of the public oxpenses and of taxation. Ivery class of the commumty fecls kLoenly its lossoncd ability to meot expenses of all kinds, and ho urgos that the cost of running tho Btate Govorument be reduced in proportion to tha reduced ubility of the pooplo to pay thoir taxes, For yoars public oxpenses Linve beon ju- crousing, aud the prodigality of tho past is & suf- ficiont proof of tho need for frugality in the future, Tho eurprising unsnimity with which tho Houso of Representatives yostorday condemned Sccretary Ricliaxdeon's project for incronsed tax- ation, whicl: is understood to have the support of the President, will gratify the country in the game degree, that it will disploase the Presi- dent and his *‘hapbnzard” financial advisor, Bya vote of 221 to 8, tho Houso susponded the rules and passod a rosolutfon declaring that the defleit in the Treasury crestes mo necessity cither for an fucrease of taxation or an increase in tho dobt, Thereal remedy is to be found in economy in publio expouditure, The Houso furtior doclared its intention to reduce the appropriations and tho public exponditure to tho lowest possible point consistout with a proper administration of public affairs, Imme- diately after this action, the rules wero again suspondod, and anotler resolution was adopted ‘without a division, declaring still more oxplicitly that existing taxes were ample to meot all the necosgary expenscs of the Government, and that iu no evont should these bo uny inorcass of the dobt, whather it boars interest or not. m————— The recent misunderatanding ‘betwoen ths United States and Spain doveloped one fact which has not beon generally known, namoly, - tho sourco of the authority under which tho Cap- taing-General of Cuba have been vosted with extraordinary powers, and granted tho sbsolute right to troat persons aud proporty thore as if it wore 8 tewritory in a stato of sioge, a8 woll aa to suspend the execution of instructions cmanat- ing from tho Home Governmont. Thoir preroga- tives appear to havo boen obtained from a royal order issued by Ferdinand VIL. in 1835, The fol~ lowing extract from the order, which follows a recital of facts oxistivg in Cuba, explaing tho Beerot : His Mojesty gives your Excellency ample and un- limited outhorlzstion, not wmerely to dismiss from the Tsland and send to tho Peninsula any publio functions arlos, whatever may Lo their oflice, runk, class, o cous dition, whoso stay in tho Island may be prejudicial, or whoso public or privato conduct may arouse your sus. plcion, Topluctug them tesporarily by the fathful ser- vitora of Hiu Majesty who may merit all your Excel- lency's contidenco; but alko to suspend the exccution of any orders or gemeral instructions whatever owsnating from any of tho branches of tho Adminis. tration fusuch degrcens your Excellency moy dgem expodient for the royal scrvice, such suspensions being 4u all cases provisious), and your Excelleacy belng ro- quired to givo account thereof to Hia Alajeaty, The most remarkablo foature of this order is, that its provisions should have boen maintained unimpaired, as a soitled policy, through all tho political rovolutions which haveswopt over Spain during tho last hal? contury. ——— CALER CUSHING AT CHARLESTON. The great conspirncy to dissolve tho Unien, ponceably or by war, but cortainly to dissolva it, firat touls publio form and expression in a sorles of resolutious submittod to the United Statos Bonate by Jofferson Davis, March 8, 1800. These resolutions assorted that Africon slavery existed prior to the Constitution ; that it was recognized and protoctod by that instrumont; that it was not in the powoer of Congross to dlscriminate ageinet glave property; that mo ‘Territorial Legislature could prohibit its introduction nor ombarrass its possession, and that whon necos- sary Congress should by law amply protect such property in the Territorics. These resolutious wero discussed by tho Senatorial leaders of tho copspiracy, with a viow of edueating publio soutiment to moke that domoud in tho then coming Prosidential election. Tha Chorleston Convention mot on the 234 of April, 1860. Douglas reprosonted that portion of tho Domooyatio party who lusisted that Tor- ritorinl Legislatures might oxclude' slavery if thoy did not want it. Ho was opposed by tho extremo men of the South, who wanted a Prosi- dent of tholr own way of thinking, or, failiug to dooure him, to have s * Black Republican* olected, whoso election could baused a8 a pre- toxt for secesslon. Io was also opposed by a largo olass of Northern Democrats who were, or profossed to be, more pro-slavery thau the slaveholders. These wore the porsonal follow- ers of Mr. Buohauan, and included Jesse D, Dright, Daniel B. Digkinson, Jerry Black ; Loring and Butlor, of Mossachusotta ; Bigler and Randull, of Peunsylvania, sud others, Con- spleuous among fhose Northorn men with ultra pro-8lavory uentiments was Calob Oushiug, of Mastohuscits, Whoen the Convontion mot, & committoo 10 ohodge permenout oflcors was appolnted, Tho Northern or Dougles Demoge a4y proposed Fsseia B, Dlouraoy, of Arkaussy, | for Presidont of the Convention, and tho Bouth proposed Culob Cashing, and tho Inttor was nomiunted by ono msjority In commitieo, As Mr, Cushing is now boforo n Roputlican Bonato for confirmation s Chlof- Tusties of the United States, his history as an actor In this proliminary convontion for the disruption of the Union may have o special fn- torost, On the 27th of April, Caleb Cushing In tho ohpir, the Committes on Platform submitted four roports: 1. Afirming 1u substanco tho dootrine lald down In Joff Davis' Sonata rosoln- tlone, 2. A roport, signod by all tho froo Btatos excopt Orogom, Californis, and Massa- chusotts, that tho quostion of tho rights of property in slaves in the Torritorios was a Judiolal question to bo detormiued by the Qourts, and plodging tho party to ablde that doclsion -whonmado. 8. Bon Butler madoa soparate roport, roaflirming tho Oincinnatl platform of 1856, 4. Mr. Bayard, of Dolawaro, submitted s soparata roport, Thouoxt daytho reports wero recom- mitted, aud in the afternoon a now platform was reportod, which again aflirmed tho right to carry slavo propurty into the Torritories, and tho duty of il departmenta of the Government to pro- toot it. Mr. Samuels, of Iowa, roported from tho minority a platform afirming tho Cincinna- 4 rogolutions of 1850, with the addition that, as tho powors of Congress and of tho Torritorial Logislature over elavery wero disputed, the party would accopt s flunl such decision ns tho Courts might mako thercon. After o stormy de- bato this minority platform was substituted for thac of tho majority by » vote of yoas, 105, to nays, 185,~Massachusotts, Ponneylvauln, Now Jorsey, Californfa, and Oregon dividing their voto, The Convention then toolt a vote on each resolution, sdopting thom all oxcopt the one promising to abido by the daclsion of tho Courts, which was rojectod. Thus tho battle whs fought, and tho conspir- ators wero beaton, notwithstanding thoy Lnd recoivod thirty votos from their Northoru allies. As s00n satho voto yas announced, tho Alabsms delogation aunounced their withdraws! or secos- sion from the Convention; and, during that and the subssquent day, they woro followed by tho dologations from Mississippi, Lonisiana, Sonth Caroling, Florida, Texed, Arkansas,—Mr, Flour- noy alono romaining, and declaring hia dovotion to the Union ; two of the Dolaware delegates, and Qeorgis in part. The yomaining 506 out of the ©00 original Qelegates then procoeded to bullot for a candidato for Presidont. Each dologate had one-balf & vote, aud during the ffty-sevon ballots that followed Joff Davis recolved ouo vota ; that is, tho voto of two delegates, Ben Butler and Caleb Cushing. On tho 84 of May, onmotion of a dologato from Virginia, tho Convention adjourned to meot in Baltimoro on the 18th of ‘June. Tho secoding dolegates met In Charleston, adopted the Jeff Davis platform, and adjourned to meet in Rich- mond in Juno; the delegates, Lowever, went to Baltimore, and took part in the subsoquont Breckinridge Convention. The rogular Convention met in Baltimoro on tho 18th of June, and was callod to order by Caleb Cushing, Mr. Cushing stated the order in which things bud boon left ot Charleston, ruliug that the Convention there had adopted tho minority platform as a substitute for tho majority, but had not adopted it in its amended form, This ruling created s profound sonsa~ tion, a8 it loft tho question of the plat form open for futther action. A flerco con- test then ensued on the admission of dalogates to fill the vacancios caused by tho secession at Chorleston, Tinally, the majority voted to rendmit such of tho secaders as woro present, and to admit other delegates in place of thoso absent. A grand fight was mado over the caso of Louisiang, and the Convention admitted the new dologates, Unjon mon, headed by Piorro Soule. Tho second battle Laviug resulted in snothor dofeat of the secessioniats, o portion of the delogates from Virginia, North Carolina, Maryland, Tennessco, Delaware, AMissouri, and FKentucky withdrow = from tho Con- veution; and, whon this was done, Calob Oushing, riolug in his place, formally ro- signed the Presidency of the Convention, and vaented the chair, which was takon by Gov. Tod, of Ohio; whereupon Mr, Ban Butler announced that part of the Mnssachusetts delo- gation had detormined te secedo, and ho fol- lowod Cushing out of the hall, The scceders, including Butler, joined by those who Liad seceded at Charleston, met at tha ball of the Maryland Institute, and chose Cajeb Cushing their Prosident. They unauimously adopted the Joff Davis platform rojocted at Chorleston, and then unanimonaly nominated John O. Breckiuridge for President, Caleb Cushing was thon made Chairman of a Commit- teo of Fivo to propare an addresa to the people vindicating the principles of the party, and jus- tifying thoir action in nominating Breckinridgo. Thoresult is known. From tho beginning it was not expocted nor was it intonded to oloct Breckinrldge. It was the purpose to render tho cloction of o Ropublican a cortainty, aud to ugo that clection nsa protext for the sccession of tho Southern States, Hardly had the elaction taken placo beforo South Carolina lod off, fol- lowed by a numbor of othor States. Bofore Mr. Lincoln was inangurated, Joft Davis had beon declared Prosidont of the Confoderato States, and had talon his oath of offico. Tho conspiracy bad been successful in working thoe Southern mind up to tho point that the election of a Ropublican to the Prosidency was to be re- sonted by a dissolution of the Union. In tho entiro proceadivg to defeat tho Democ- xacy of tho North, and to bring about tho noces- sion of the South and the establishmont of tho Qonfodorate Statos, tho sblest and most con- spicuous agonts ‘omployed wero Onleb Cushing and Ben Butler, To-dsy Bon Butlor Is at worl like a heaver to fuduce hiu.fellow-Republicans and old Democratic associates to confirm Oalob Cusling as Cbic!}mflucu of tho Buprome Court of the Usited States, to which placo he has heon nominated by & Republican President. THE WISCONSIN REFORMERS, Tho uew political regime in \Wisconsin as- sumes the reins of Govornment ‘to-morrow. ‘Ihnt its outlook ia cloudy must be admitted by it most ardent friends, but the fact romains that it can be Lilod by nobody but itself. The Republican party, its only aucagonist, s falling into tho sore and yollow loaf. It Las neithor tho elastic vigor of youth nor the colicsiva strength of fixed prineciples to malkeitan objeot of terror to tho new party. It is loaded with the infirmitics of many years of riotous 1lviug. Although it has oflices to dispose of, and ox- pertenced Jandors to set {t In battle airay, it hea lost tho antl-slavery Inspiration which gave it 80 many victorles, and its ranks aro largely flled with morcenaries who will meko hasto to desort whenover they think bettor pay oan be found eleawhers, Aloracver, thers ore many blots aa iis ssoutaliesn, La the foim and ° l ! DAILY TRIBUNE: TUESDAY, JANUARY 1 1874, similitude of a dolier-ma Tor theso rongous wo uny that tho Roform party of Wisconsin hag only fuclf to huflmfii{mw“n oluction by & Inrgor majority than the Inst, if it slnll show, during tho comiug loglslativo sesaton, aud the coming yoar, that ft hay down- right honout purposes and & falr knowledge of adminiatration, Brilllsnt things will not bo oxpeoted of it. The poople have haa too muah brilllaney in government. I'hoy have fallen now upon hard, grinding times, and what thoy want to 800 in thoir publio sorvants is gommon sonko, low taxos, oconomy, and rigid accountabllity. It makos no difforonca whother Gov. I'nylor holds roceptions with kid gloves too largo for him, or With no glovea at all, provided his head is lovel and his hand firm, Tho principal drawbacl to tho now party is its incohoronce, but that dificulty is not without romody, Tho constituonts of Gov. Taylor aro mainly Domocrats, Libersl Ropublicans, - and Anti-Temporauce lnw Gormans, How much the Patrons of Iusbandry contributod to the result is unknown, -though it is Loloved that, without taking any formal action, thoy constituted one of tho factors. The Mlilwaukeo Conventlon, at which theso factions ,wore fusod, constitutod tho. most unpromuing’ assortmont of political odds and ends over assemblod iu tho State, and tho Republicans were moro mortitled nt their dofent by that ragged rogiment than thoy would bLave boon by s straight Domocratic victory. Indecd, thoy scemed to flnd comfart in calle ing i & Domoeratic victory. Tho Mil- waukeo Sentinel (nodor the now disponsation) insists that it is a Domocratic triumph, and will not allow it to bo called anything olse. Tho Demacratic party is moro popular with Ropubli- can editors and politicianas in Wisconsin than wo remomber ever to have geon it boforo, Thisisa fact of tho greatest sigmfleanco. It signifios that, in tho catimation of shrowd men (for tho ‘Wisconsin Republican loaders aro both able and vigilant), it is of tho utmost importsnco to Ifaston upon the now Administration tho name and stigma of old-fushioued Domocracy. It is of tho utmost importauce, therefore, to the nsw party that this should bo avoided. Tho pooplo will not vote ono of the old partios out in ordor to put another and older one in, Whatever tha Roform party may do or not do, it must hiave n namo identified with tho futuro, and nof with the pnat,—it must take upon itself the burden of no sina but it own, AN TNWRITTEN WAR, The Now York World has discovered that thero isa war betweon St. Louis and Chicago, and makos this discovery the text for a long ar- ticle deprecating such o warfare. As tho dis- covery will prove something of ‘a novelty and creato considerable surpriso in Chicago, we shall try and reproduco tho spirit of tho article. We aro informed at the outsot that this war “ is con- ducted with a virulenco inconcefvable to thosa whose experience haa beon confined to ordinary commercial rivalries. The combatants nelther aak nor give quarter, and war with poisoned ar- rows aud explosive bullets, No parallol - stanco ean or is likely to be found in American history.” Tina is s sufficiently dreadful con- ditton of things, and too appallivg to bo considored just now. The World then goes on tfo state tho condition of things which hss brought about this dreadful, poisonous, and explosive warfare. First, tho commorcinl interosts’ olash frreconcilably, Chicago trying to take sway tho tredo of the Weat nnd Southwest, which belongs to St. Louia. Second, that the social systomsof thotwo cities arodismetrically opposed to each otber, St. Louis beoing woalthy, old, conservative, and aristo- eratic, and Chicago being young, poor, enter- prsing, and democratic. Chieago is compnrod to New Yorl, fevorish with busy life, whoro “ mon race along the streets and bolt their meals and turn their Exchanges into Babels,” whilo St. Louis ig liko Philadelphia, * whero tho business is conducted by tho sous of their fathors, who como down-town loisurely sbout 11 a. m., go abou thoir affairs docoronsly aud methodieally, and Jock up thoir offices whilo tho sun is high.” Third, St. Louis poseosscs many great houses whose balancos of unemployed capital lio idly in the banks, (I) while in Chicago the vast busi- ness is done upon capital borrowed at from 13 to 18 par cent!! Fourth, we quoto from the World : Tho very fact that Chicago trades upon borrowed copital, and that the struggle of many of her specu- Intorn §8 for fortuno or ruln, lies at the bottom of hor magteal suvcoss, Shehos drawn 1o her from overy quarter the ambitious aud the rockless, and {nvolved them all ju a breathleas strugglo against each other and agaiugt all outside rivals, Itis, fu o phraso of Darwin, & stengglo for existonce whereln the fittest survive. Whero one great botel closes on the ruin of 1t leasce, anothor lozace comes forward willing to risk Dils fortune In the enterprioe, and whon & gop is made in tho ruck of the upeculstors or merchonts,—~for the @great liouses of Chicago have always Leld thefr own,— itisfllled at ouce by the beat talent and oxyerience from thie country covetous of famo and success u the larger flold. Tho spirft which created Ghicago ani- mates 1t Ju its overy euterprise. Whether it be n mur~ der, o baso ball clud, o defuleation, u raflroad sclieme, or fire, Ohlcago persists i bolng seusatfonal. Thia St, Louls can hurdly expeet to be, even when she has celebrated tho “Afly funerals of prominont cltizens” ¥ which ono of Ler Journalists Las declared indisponsg ble to her progress, Huving stated the conditions, the World dop- recntes ©the gratuitous insult and unmeritod ridieulo " upon the vna side, aud the # positive malovolence and large minreprosontation™ on tho othor, aud hopes that horeaftor the rivalry botween the two cities will be frood from all olements that * savor of Eatanswill and DBung- town." Wo hiave now stated the main poluts of the World's srtiole, and, in reply thereto, have two poiuts tomako: First, it will be a matter of nowa lere that Chioago fs ongaged in any war- favo at all with 8t. Louis, snd espocially thot sho is fighting Bt, Louls with poisonous arrows and oxplosive bullots. Thare can be no warfars nn- loss thoro are two parties to it. Ir Chicago woro over 80 much disposed to get into s war with K¢, Louis, slie os no time for it. Thero iy too much business to ba dono kere. Time s too precious. Wo haye had to work night and day, Tor two years, to roplaco what wo lost, and, hay- ing dono that, now we are ready to go ahioad nnd distributo tho products of the Groat Wost. . This wo are obligedto do irrespective of 8t Tiotis or any other place. If 8. Louls gals in our way, 80 much tho worse for St. Louls and her unome ployedcapital. Wo have employmont for all of our own capital, end all thoe vest of the capital in the country; 80, af course, wo Lisven't time to en- goge in any warfove with Bt, Lowls or any ather place, Woare quite positive that wo are not fighting Bt. Louis, ond, if 8t Louis fs tighting Ohicago, there {8 no harm done, 80 loug as we aro nat awara of the fact, 'This, of cowrss, ve- levos the World from sny further nocesalty of alarm or approhenslon on that scaro. Second, the points of compurison bolweon Chloago and Bt, Loula uro well wado, with the oxcoption of tho statemont that 8t, Louls has large waemployed balances in bsak, while Chie 0ago s deing bualusas on eapltal buczowed ap 1 . wiolding such powers is o threat. Its objects aro from 12 to 18 per cent. There wonld bo more force in the compnrison if cithor assumption wers true, but, unfortunately for the World's arguments, thoy ave not, ‘I'his will also sorvo to remove another bugbear which isscaring tho World. 'The fact which tho World ehould have notlcod in mnking it comparison, But whicl, like every other papor fu Now York, 1t ina tondily ignorod, is that during tho recont poanio the banks of overy large oity in the Unitod Btatos, excopt Ohicago, suspondod pay- mont, and wont to fasulng lonn-cortificatos. Whilo tho banka of othier cities ware floundering in tho gale, Chlengo Lravaly rode out tha storm. As this foot ludicatos protty oloarly that Chicago ought tobo the financial contro of tho country, it sufliclontly nccounts for tho rathor stalo allu- aion to borrowed capital and spoculation, Bo this a8 it may, the good ald grandmothor of the World moy put on hor spectacles and resume hor Lnitting and hor gossip about Boston, Thoro In 1o trouble ont West worth montioning, When Chiengo gets lnto & war with B, Louis or any othor of her outlying villages, wo ehail proba- Dly know it withont being informed by way of Now Yorl, GREEK VS, GREEK. ‘The formntion of the * National Federation of Associnted Employois of Labor” in England is an ominous fact. Tho logality of the union of theso men 18 unquestionable; its usofulness is not. The loague ropresents an enormous power. Moncure D, Conway spesks of ity members ng “1most of the wealthicst men in Tugland, own- Ing two-thirds of tho House of Commons and five-sixths ot tho Upper Houso;" tho Saturday Review calls thom the “groatest trading capi- talists io the Kingdom;” and the Speclator says tho lenguo * huos capital at ita back oqual to that of many Statos, and can, a8 far a8 esources go, control the trado of two great manufacturing counties.,” Tho mero existonco of & fodoration hid in Lo vaguo gonerlity of fizhting the work- olvil marrisge has boen lnwful only for a short tmo, it 18 safd to Lo already tho rule, and the roligious rite tho oxception. During the dobate on tho bill, Bismarelk, in roply to tho chargo of {ucongiatonag, raid that ho had no right to *in- dulgo’in the luxury of crotohots” ; that ho laft it to othora to ‘‘imitato the oxample of thoso in- tolernnt Early-Day saints who took up their qunrters ou the top ef columns whore thers was room only for ono”; and that ho thoroforo *“sub- mitted to clreumstances whero tho vital intor- enta of tho Btate woro at stake," Count Doru, tho head of the Commisston charged to inguiro into the history of Franco from tho fall of the Empiro to the fall of Paris, ‘hag submitted a valusblo report, 1t olinrges the, 1mon of the Fourth of Seplomber with the ro- sponeibility for tha Commune, saying that Gam- botta and Trochu did nothing save ns tho moh bndo them, Thore js an incidontal mention of the way tho Gambotta Government wae organ- ized, which is ns good a8 tho scono in *Rabagns” whoro the goveriments of tho greon, blue, and rod rooms ontlaw and imprison oach other, Whon tho rabble was howling in frant of the Hotol da Ville, the would-be rulera hurried up-atairs, wroto their names on slips of paper, rolled thowe up, and throw thom down to tho crowd. As each waa pleked up and the name was xead, thero was, of courso, nsbout. Thero would Lave boon s shout at Napoloon's, or Judes' name, This procoss was, howover, on- aldared a8 *‘nomination by the acelamation of the people,” and the new Goverument beoame fact, —_—— Tho tourist of noxc contury can wander through Italy without fesrof fover. Its wasto lands, the sonrces of its sickness, ars boing rap- ldly reolaimed. Prince Torlonin, tho “upatart, noblo™ of Romo, has at last finished draining & ataguont Jako in Sowthern Italy, which has kopt him and his money buey for many yoars. * Will Torlonia drafn the lake, or the Iake drain 'forlo- nia?” had been o standing jest. Tho Roman campagna is in the hands of a Governmout Comnigslon, The Ferrara marshes, which covor aed at tho last scesfon, Incroasing tho salary of tha broslidont, Congressmen, and other vfficers, and that the members from this !llnlu will fully represent thous conutituon(a in urging auck ropeal, Ttenolved, Dy the Republicans of tho Third Goun- scllor District in New Hampahiro, in Conveutfon us- rombled [Jan, 8], thut we condomn in unmeasurod terms tho satary bill passed by the Forty~acconid Con~ Aroan, and that wo beliove tho members of Congroes ro siendiug ho liard caruligs of 1o peaplo In piot= ons llving, “Thercfore, We would rllchc"ully roquest all of them, aa foon an Moy be aftor the rocaption of thin rosolutlon, (o take tholr Bibles aud read tiie siory of thn Prodigs} Son; and_we demnnd tho uncondie tionul rapesl of thy Anlary bill by tho Forty-tuird Cone ek, without further delay, sud inflexiblo cconomy 1n tho expenditure of the pooplo's moxey. —Ona of two things s cortain ; If Congrons doan not strangle the jobs they will strauglo Congraus, Mrnn.:‘lly tho'ropo of fato {s twined about its nock and’ the people are getting ready to pull.—New Haven (CL,) E'am'inr. ~—The Senntors at Washiugton aro acting oven moro stupialy and exasperatingly, if possiblo, than the mombors of tho House noted with the sslary question, . . . Preclous time is wantod by thess honorable gentlomon in undig- nificd ohnttor about tho rowards thoy ought to recolvo fur tholr sorvieos,—Hoston Globe. —Tha courso takon by Sonator Torry, of Con- necticut, on thiu question ia the most extraondi- nary, sud his coustituents should call him to re- count, espeelally the professors and divines of Now Haven who ur‘gad iy election in oyder to rebuka tho domination of the caucus.—Bosion Admg(mcr. —Congrons fa wasting its time iu quarreling about the propriety of thoir contmuth?g tosorve tho peopio at n stipnlated, price and then votin, thomeolves a third more pay. Just how mucE oxasporation of thut character do thoy suppose the peonla ean endure ?— Zoledo Blade, —All this may bo highly amusing to those who are ongaged 1n it, but {t'is naot plensing to tho country. “Thoro aro mattors of moro press- ing importance than the ¢ an\nrpFnb," which onght to occupy tho ttontion of Congross, If the mombors are wise, they will stoy all Lhis speach-mnling, and como to some final declsion upon the quastion at onco. Argumonts oither for or against the bill at this timo are the sheor- est folly, Tho pooplo demand the repoel of tha we.;flmm{gu {?Ipli&l}h ~Tho National Republican hns ropeatediy ointed out tho futility of tho wasteful apxpem'xl: uro of eloquont thought upon this salary-quog- tion, and Congress can_do little boflor than to immedintely acquicsee in & roturn to ths old lay. — Washinglon (1), 0.) National Republicar.. 200,000 squaro milos, noar the mouth of tho Po, Linve beon bought by an Auglo-Italian company, which has ordored of s Nammersmith firm pumps thas will raise 6,000,000 gatlous of * water an hour. If Torlouia, or the Commission, or the ingmon with their own woapons. It practically snys to thoso workingmon: “In our hands lies the fato of all of you. Roglat us herenfter at your poril,” To such deflance thers must be two replics. The first is already public. The Trades-Unlons of England have nfilliated, At tho flrst meet- ing to couslder tls, held Deo. 19, fifty sociotion wero reprosonted. The talk was scanty and grim. Ouo sponker snfd that “‘the published menifeato of the employors was tantamount fo & doclaration of war to tho knife.” Tho afilia- tion was. resolved upon, and is*doubtldss now complote. Never boforo has industrial England been divided into two such distinct camps; nover Iwa that “horizontal cloavege,” which ono of the roviows doplores, beon so apparently vear at hand, The situation is not a pleasant picture, look ob it which way wo will. Ench party to tho quarrel is stronger; so the quarrel, when it comos, will bs more bittor, more pro- longed. The second reply of the workingmen depends upon tho failure of the first, Hitherto, tho different unions have been able to gbout hold their own againet Individual employors, aud even against combinations of a few employors. Will their fodoration avail againet the league of all omployers? It is tmpossiblo that it should do so. The National Fedoration of Associated 'Employers of Labor can afford to support it membors in & fight against their workmen for years. It can afford to raise s fund, the inter- est of which would, on an averago, pay the losses Incurred in such contosts, Every strike is s strugglo botween tho weslth of the two prrties ; no strike can drain tho purse of this union ; and so no atrike, if contested, can here~ after succeed,—no strike, that 18, that does not druw aid from abrosd. The inovitable in- feronce is, that that aid will bo asked for. Tho FEuglish workiugman las Lith- orto shrunk from his Continental compeer., Tho latter's vagaries have scomed impractical and repulsive. Now, howover, union with him promises golid help, There ean be no shadow of douDt that the union will bomade. If it is, tho employers will bave thomselves to thauk for tho rosnlts. It will bo their lnck of discretion that introduces into England tho systems of thought sud action based on the beliof ‘that property is robbory. —— A correspondont of the Bombuy Samachar has addressed the following quory to that paper: I shall fecl very much obliged by any child of ecarth replying tomy query. 1 oni uow 19 yehrs old. My mind tells me thot thero §8 want of a uew religlon ou thls eurth, and T bave been, fu a certain manner, in- spired to hat eifect, I shull yrociahn my new religion, oud books containiug its tencts, ut the ugo of 40, Now, 1 want to ask, whethier it s illegal by British laws 10 procluim o uew rellgion? 1f it 15 illegal, what nation o not reckon it 607 I um, otc,, Katkhosro Munckjec, Contractor, wliag tho sathe Firuo Lad of Elghiean, Nov, 1, 1874, Ag one of tho children of earth, Tur Ciicaao TripuNe lastous to inform Mr. Kaikhoshro Alanckjee, ,Contractor, alias the ssme Parsec Lad of Bighteon, that ho can comato Chicago and sot up his now religiou any time ho ploases. Ho need not wait until hois 80, Ifo can pack up Lis roligion, €, 0. D, and set sail for tho West npon receipt of this without further instructions. There is no law here proventing any one from soiting up nny religion he chooses, provided it does not Interfere with the concorn over the way, and in not g0 noisy that it disturbs the pub- lic peaca, Aoveaver, if' tho young Parsce has got religion which will stop dofalcations, aud emite snlary-grabbers and County and City Trensurors, nund railrond corporations, and ges compnnios, and the Franklin Bauk with o sense of thelr unseomly behavior, —it he has got the pauncen for this sort of thing, it is just what wo want, But if our yonng Purea comos lore, We want him to understaud that he must not go to fighting othor religions. There is enough of that going on now. We want tho slinon-pure article, which oan bo brought to bear upon Custom-Houses, grain- elovators, buyors and sollers of all sorte, and cut off stealivg, and gambling, and edulterating. In any ovont, Mr. I, Manekjee had botter como ., and try his band, and, if ho has got a genuine religion, ho shall bave our aupport, aud, in ad- dition to this, wo can nssuro him bo will win the eatoam aud gratitude of the whola community, —_———— It sooms that the striped flag hus suporseded the ol broad ponnant of sn Awmerican Commo- dore, und thnt the Navy does uot like the change. Becrotary Robeson has boon potitioned to ro- #tore the pounant, but that fino old eea-dog hing sunk back into his customary torpor, und eannot bo nrousod. Bo Gen. Butler has been inter- vlewead, and will plead the pennant’s cause with all his *acoustomed vigor," ~It {a sud to ba obligad to romcmbor that Butler owns the bunt- ing factory which will supply the Government with the now ponnunts, if his “aconstomed vigor? carries the day. ——— ‘Lhe Oivil Murringe bill, Prussia’s presont pot projeot, is a4 swooping 88 the proverbiul now Lroom, It allows people to bs marrled aud Dburied Ly the Chureb, but compels them to eall m tho Btate, whother or not tho religious ritos aro porformed, By tho proseut statutos, which dute back 200 yeurs, nobody van got hin Dirth legully recognized till he Is baptized, and nebody enn bo married or go into busiuces till Lo iy von- Anglo-Ttaliana would only plant their lands with tho sucalyptus, wo might have a most sat- isfactory test of the fever-expelliug powors of the famous gum-tree, Tho Saturday Review says that Grant's views on finance wero ** unintelligiblo fu the abridged form, and are, if possible, obseurer still, when published at length,” It would Le uukind to supploment this sontenca with tho other dispar- agiog objoctions seattered through tho two col- umos of criticiem. Rather lot us quoto the closiug sontonco: ** Ho and tha Secrotary of the Treasury deserve eredit for their refusnl to re- pent Mr, Boutwell's irregnlaritics.” As their rofueal was but tho protude to their repotitiou of thoso frregulnrities, the Safurday's one compli- ment 4 really & roproach. e e Gov. Powors, of Misstssippi, who declared the Iate clection in that Stato, whon Amea pas chioson Governor, illogal, has offered to make up a teat case with Col, Marris, tho Attorney-Gen- oral then elocted, in order that the Coust may dectde upon the quostion at once, and ennblo Missinsippl to osoape the “ disngreonblo allorna~ tive of a doublo-hoaded Governmont.” Her next-door naighbor ought to be enough of a frightful example to keop her from that. DBut Col. Harria ovidently knows a thing ortwo about Bouthern courts, and declines to trust himself to thelr tender morcies, . — The Labourer's Chronicle, the organ of the En- glish Agricultural Laborors' Uniou, has boon using etrong louguage of lato about the efforts to silence Josoph Arch. One of its friends ‘writes to the Spectator, and" puts in tho ples of due provocation. Ie says that Mr, Arch has boon. callod * an arch-npostle of arson,” * thie sarch-defilor of bis country,” and ‘tho arch- agitator ™ who has been guilty of * abortive offorts in Canada to provide graves for ourhon- et gons of toil, and entico them to thoir doom.” The honors scem to be ensy. ¥ Tho kecpersof the Inssne Asylum st Ossa- watomio, tho Kansas town that gave John Brown his nickname, are on a atrike, Thoy left just at nightfall, s fow dayaogo. A number of maniacs followad tho oxample, but the grost majority stayed and made o night of 1t by smashing tho furnituro and ench other. Tho Asylum had to be carried by storm the next morning before or- dor could bo restored. If this sort of atrike is to become common, the dwellers in Ossawatomio will probebly 1mitate Joln Brown’s woul and go warcbing along. SN S A. T\ Roove, the thon Treasuror of Fraoklin County, Iows, just missed being nominated for State Treasurer by the Ropublican Convention of 1872, The tax-payers of Fraoklin County have just missed £5,000 of thelr monoy, which Mr. Roeve {s unabla to pay over to his suce cossor, —_— Moses, Governor of South Carolina, stole two- thirds of his recont meesage from that of a Now Hampshiro Governor, sud the best part of the remaining third from Macaulay. Strange, how habit olings to a mau. —— NOTES AND OPINION, Tho Harlford Courant thinks the platform of the New Hampshire Republicans too wide to b deop; furthormore, that the Democrats have * geon ” tho Ropublican resolutions and * gono them one bettor "—so to apeak. —The latest Kansas rumor is, that the Pom- oroy-York $7,000 are countorfeits ; and the ques- tion {s, “Hns somobody tampored with the paclage 7 —Tho Kaneas City Zimes declaros a clean Op- position mnjority of 2,008 in tho roturns of Kausas for tho election of members to tho Leg- islature, This, against 84,000 mojority for Graut in 1872, . —The Now York Senate of this year holds over " next winter, whon & United States Senutor (vice Fonton) is to bo elected. The Republicans now have the Benate by 17 to 16, and are to strengthon themsolves by ousting three of the mivority, ou & pretense of contostod scnts. “*Thoe good of the party” demsuds it, and the party-managors have decreed it. ~Thus early, tho Indiann Nopublican State Convontion is sot for Juno 17, at Indinnapolis ; "and the Maine Domoeratic Stute Couvention for Juno 23, at Portlaud. —~—The canvass iu Tennesses, for next Gov- ernor (vice John O, Brown) and next United Btatos Senator (vice Brownlow), nover wholly lost sight of since 1873, Is now warming up for action. Horace Maynard Is to be the Ropublican nowmines for Governor, aud {8 to bo Senutor it olocted Governor. The Oppouition foel ussured thut Andy Johuson will confine himself to his own Congressional district, and do no damsge outside of it,—in which caso they muy harmoulze aud oarry the Btate, —The Opposition now coutrol the Florida Loglelatuyo by guins in mpocial elections to #ill vacunelos, and the organization, efiocted Jun, 9, i8: Liberty Billlngs, President of the Senate; J. ML Murtin, Bpoakor of the House, +—Bun Francisco skiould havo ton Benators and twenty Asyemblymen (iustoad of five and twelve respootively) In the California Logislature; aud- othior citlos, aud tho agrioultural districts genor- ally, would gaiu, by & renpportionment, al the expouso af tho old minjug countios, shich now Luva tho power and proposo to hold {t. This, therefore, I8 one of tho vexed questions ot Bacramento. ~Republican Senators and Represoutatives in Congress, who don’t liko the voica of tho praws llrmed, Tho mow luw trausforms all this, Church and Btato chrugo pluces, The latter bo comon thio uecesanry agent; the former the ope tlomat oae, In Humbirg aod Rraokfokt, whate | i ou tho sulury-grab, muytake their pick of these Jtewoloed (U5 the Hopublican Blate Ceutral Gommits a5 Tudsiand: Tom o Fhas b tne e Sl l udians tue lupnh‘l]un parly of Iudians that Can Al Toctdistay will Wiacadkisaily met B . —Congrous ling offorad n auccausion af wur- prisos sinco tho rocess. Tho Stophens-Elliott episode, Gon, Butler's virtuous stand on the ivil Rights bill, and Mr, Tipton's remarks oo the Salary bill Lave been publishod in as many days, and, if tho samo proportion of excitiug: In- cidonts is maintained, the proceadings of o soekion will make as brisk reading as fuy one could desiro. It must havo boon a Aight to see Mr. Shermon calling men and augols, aud overy- .thing elso good or vad, to witness that ho had nover, never, nover roceived ono cent in Wush- ingtoun for any eervice -Ym from his honest auty ns Senator.—Philadelphia Telegraph, —Tho snlary debato §s driftin) ufl)llg in the Benato vory much as it did in tho House before {ho boliday recess, much to the annoyance of many of tho membors,.—Za Crosse (I¥is.) Ro- publican. —The Farty-third coni;mu 18 stll biting at the file. Tha ealary-bill, which appeared so plain and straightforward st first, which moroly required a fow sentencos to reduco the salarien o the old basis, and make Eravlulons for tho ro- turn of tho back-pay, has boon go clonded with resalutions, patched with amondments, and bo- fogged by dobate, that what it amounts to nov, or in what form it will reach a final vote, would puzzlo a practiced digester of dobates at' large, ~Davenport (lowa) Democrat. —Tha Chaplain of the Seuats, Wodnesdny, in his o ouing prayor invokod Divlne Providohos to hiold in his own hand that powerful engiue, the public press. The precise renson for this spociol romembrauce does not appear, but we prosumo it Is nob wholly unconnected withs a cor~ tain froedom of criticlem which hos of late cropped out in tho most unexpected quartats.— New York Tribune, ~—There is no doubt that the poople at largs are growing domaewhat restive under thie load of eloquienco cmauating from Congress, Tho desls of mombora are submorged with potitiors asking for the passago or repesl of this or that law, and the words *comtnercial calamity,” etc., are be- coming ag familiar as houschold words to Con- greasional ears. Complaints generally and in- dividually are boiug heard on every eido, and nothing would be more pleasant than to know all fruitiess discussions wore pasgod.— Washing- ton Correspondent of the Albany Evening Jour nal. —If they do not do this [repeal thesalary act], it will not indeed destroy tgxa ‘power of :mgmnc party which is at the helm, but it will assuradly loave Congress without o constituoncy, und their places will know them no more forever.—Ollawa (&an,) Republican, ~—In the series of conflicts which are now im- ponding, men will have to stand straight up and tauge thomsolves elther for or avaiust tho peo- ple. No convonient closk will be furnished by party usage or party platform. Thero is no po- litienl creed in existouce which pronounces for tl;? fow against tho many.—San Francisco Bul- in. ~The truth ia the people have got waked up, and they mean lo make their power felt. The day for dilly-dullying with unfsithful servants bas gone by; and both. honesty and economy are now demanded of them with an emphasia that canuot fail to impreus tho most stolid,— Portland (Me.) Argus. il S NATIONAL LIFE-INSURANCE COMPANY. PRILADELPRIA, Joun, 6, 1874, To the Editor of The Chicayo Tribunes Sm: In oditorinl comments upon the affairs of Jay Cooke & Co., in your issue of Saturday, tho 27th yit,, you say: *'The National Life In- suranco Company avd its several ofticers hold a lending placo amoug the debtors; and the schiedule revoals tho fact that the cxponse of this Company's organization, which was chartered by Congrous, wero 3100,000.” . Now, it is matter of 8o little valuo to the public whether any officors of this Company aro debtors of Jay Cooke & Co. or mot, that it is hardly worth while oven to ssy that the whole of such indebtedness, outside of tho (| members of the firm itself, is precisely §16,000, and that js abundantly sccaved. 1 eay this sim- DIy lest, if unsaid, improper infercnce may be drayn, and to rosch naturally tho important part of tho cditorial in quostion,—that rolating to this Compnuy, and which, uncorrected, muy in- Jure it eorionsly, and harm very many of your rondors, and tho public generally, 1o overcome this, #0'far 28 now practicable, two statemonts may be mado : First—Chis Compsvy is not indebted to Jay Qooto & Co. a singlo dollar, and nover has beon, excopt g Loreinnttor stated ; und, Second—Tho schedule does not rovesl tho fact thot tho oxpensos of the Company's organiza- tiou were 100,000, It does not roveal anytling at all on that subject, for it has no relation wiut- ever toit, . This whole error avose trom u misconstruotion o tho purt of soie oue as to what the achodale did suy,~nssited, porhaps, by the probablo fu:t that the Janguage of thoschodule may be readily liablo to a doublo coustzuction. For several yeurs, onding about a couple of years ago, Jay Cooke & Co., of New York, were Govoral Agouts of this Company for Now York and Now Jersoy; aud the same firm at Washington were « Goueral Agents for soveral of the Southorn States, inctud- ing JMwrylond snd tho District of Colum. biv. Thoir componsation was by commission ; snd, in the establishuuont of thelr ngoncios, they expondad their own monoy, and ot the moncy of the Company. Tho oxcess of their oxpeuses, with iuteross thoreon, over their commussions racolved from tho Company, is statod in the achedulo ay tho amount due the firu from their insurance sgoncios. For this, however, the Company is not rospousible to Jay Cooke & Co, eithior 44 baukers or iusuran ents ; 8l thero is no oluim or protonss of auy clalm, any- whors, of suoh Jiability. The statement in the schodule is simplp one of account,—their insw ance-agencios being reproscuted us indebtod to *Jay Cooko & Co., just as the several membere of the flrm ave reproseuted as their dobtora or croditors, Tho achedule Iv & transoript of thelr account-books,—nothing more, nothing less, Not ouly ia the Insuranve Company not a debtor of Jay Cooke & Co,, but itis w craditor. Every dollar of its olaim, howover, i well pro- tected by collatorals, and in no ovont can harm result to the Company. Iudeod, uegotiations are alyendy in progress for its entire sotisfavtion uud dischargo. Thi6 Company was never financjully strongor than it is to-day, It. never besors had sa many polioy-holdors, tor so large aspoty, ‘Tho ratio of its ineans to its Jiabilities, 80 fur ay ity polivy-holdors are voncornod, is frauter‘ cartalnly, than that of wuy other Amer~ cun compavy. It was never wmoro worthy of pawronage. Now, a polioy-holder cannit be seared to the forfoiture of e polioy by the nop- lmymom of its premium, without sorious inj 0 himwelf, u8 well us to the Cowpany ; nnlm} must roly upon {au to sob this wholo metter right Dbofore yom' rowdesu,—porhups by ublishing this lottor, "I am sure you oknnot dexlre to harm any party lu interost, I know you would subsasve the euaral weltare, Yory teiily yo ¥ . 4. otiaxs, Sriaign X