Chicago Daily Tribune Newspaper, January 17, 1874, Page 1

VOLUME 27. FINANOIAL, LO0K COUNTY SAVINGS BANK, Oorner Olark and Madison-sts, Intorest on Doposits at 8 Por Cont. ‘Money can be drawn ot any time betwean 10 and-3, DIRECTORS: W. B. OGDEN, REDMOND PRINDIVILLE, N. 8. BOUTON, GEOQ, TAYLOR, BENJ'N V. PAGE, ¥, 0. TAYLOR. 3 OGDEN, ‘B, 8, WADSWORTH, M. D. OGDEN, Prestdel. T. O, TAYLOR, Vico President, ©. 1. MULLIKEN, Oashior, TRAFTS ON ALL EUROPEAN CITIES. | BUSINESS REVIEW. CHICAGO TRIBUNE'S REVIEW FOR 1873, A Businoss Guide and Roforence Book to tho Lieading Moroantile Housos and Manu- faoturing Intorests of Obicago. E. COLBERT, ditor. Contains mattor of intorest to all businoss mon, Possessing a pormanont value as an Advortising Moedium. Copies sont FREH to all rosponsible morchants and manufactur~ ers throughout tho Northwoat. USINESS MEN in all Dbranches whe dorire to reich the country trado shonld nvail thomeolvon at onco of tho Great Medium for that purpose, torm, can now be ancurad. Bpoolal spaco, with INSOLVENT Tnstrane Compauiss. Oroditors of Clovoland, Buffald, Albany, Noew York, Boaton, Hartford, or Philadel- phia Companies, will do well to call upon me with a list of their soveral olaims as ndjusted. Don't Sell Your Claims. They are worth more than any spoculatorwill poy for them. R. H. LAWRENCE, At offics of 8. M, MOORE & 0O., 119 and 121 LA SALLE-ST. SAVINGS Chartgred by the Bxclusively & 105 CLARK-ST, Methodist Church Block. nd Intoroston doponlts, - Parsbocks e PRt aion Invostut 1or afhorm un Hond and Mort. e L e or 1o 3 "'v'” :(“ "I: e ”Znya?. SCOVILLE, Prosidont. 1. Krropx Rezp, Cashior. Notr - Duving tho rsoent nanic, {his Bank has paid all fopooits on demand, without mutiée. $15,000.00 Union Hide & Leather Go. Stock d FOR SALH, AT TOW PRICH AND BASY THRMS. Apply to C. R. F1BLD & CO., 10 Portland Blogcic. BALT LAKE OITY NATIONAL BANK. 8. M. DURELL, Prost. J. M. BUBKETT, Coshr. Cuas, HENPSTFAD, Atty, Collections mado n Utab, Montaus, Idaho, Novada, Avizona, Wathington, Caltiorois, snd Oregon: aud ro- mittad for in onr oxchange avallublo in uny” pait, of the Buitad Sratos ‘and Cauada, Exchango aud telograph Jraufors on this Bank eau bo hrocured frum our Chlcago corresvondent, tho Third Nausnal Bank of Ghicago. DILICGT Gonsuit your intorests and send us your claims for ad- justmont in all prta of the country, * No collections no ‘charges, and no altorney's (ocs In suits. FRASIER Morcantilo Culloction A 16 Tcast 31 Stocks for Sale. hamber of Commeres, Clllefl(n Gas Light and Coko Nfl!&hCh}wR» )uflv'g‘nr(:m, Vest Division Railway ' Lusurance Cu. i LY HAMMOND & GAGE, 78 Wi ton-st, MONEY TO LOAN ON GOOD LOCAL BTOCKS, By IAMMOND & GAGE, * 6 Washingto: HKEARNEY'S BUCHU. KEARNEY'S EXTRACT BUCHU, Tho only kuown remedy for Bright's Disease, And a Posltive Romody for enay, o) 4 GOUT, GRAVEL, 2 STRICTURES, DIABETES, DYSPEPSIA, NERVOUS DEBIGITY, DROPSY, ‘Non-Retention or Incontinenco of Urlno, Trritation, In- flawmation or Ulceration of tho BLADDER AND KIDNETYS, Spermatorshma, Leuccorelions or Whitos, Discases of the TProstate Gland, STONE IN THE BLADDER, Calculus Gravel or Brickdust Dogbsit, and Mucus, or Billsy Discharges, KEARNEY’S EXTRACT BUCHTU Positively and pormunontls curos all Disoases or Affoo- tious of tha BLADDER, KIDNEYS, and DROPSICAL SWELLINGS, Fxisting in Mon, Wosaon, and Chlldren, NO MATTER WIAT THE AGE. Prioo, 81 por Bottlo, or Stx Hottles for 85 Depe, No. 104 Duane-st, New York. Sold by Druggists Everywhero, d . BURNIAM & SON N . 0N LD, ot A Mnre O s o PRINTERS, SIATIONERS, &o. Diaries for 1874, AT WHOLESALE AND RETAIL, CULVER, PAGE, HOYNE & C0, 118 & 120 Monroe-st. Consunmlm will find 1t prnfillllll:ln 10 got o pricos boforo orderin cleswhora. ILINDLIE S Whaisesio av "1(::';‘;‘l'nminrlwn Pelniors, i Binal Wholesslo and i Book iro DISSOLUTION NOTIGE. _ DISSOLUTION. Th tnorahip herotoforo oxlsl undor the firm sE T AT 8, Taylor sl I jor (T2 kbt 1ovior shon R HOHERER, B o U, A, BM y, L Obtongo, Jan. 8, 1614, » . DUNUAN, T sl ginthno to o bustnoss under the old firm nsmo, o Nov 110 Hass Madlsonates whero will conatatly bo copt l‘fl I(.Vifl‘( II'IB hfllk‘?ntfl!!fl" !'lllwllfl‘:lu“lil h“l"“;z'("’l":lflnln-". 17, "R, 8 T o4t Clothiug, onts, mnd Lirf Ciooce: ko, & FAVLON SOOIETY MEETING. Tlasonie, A lfllllr mesting of Giloam Council, 89, R B, & » will be huld Laod Il SioFitad tnd w::'z l}k-nfi%fii’.’n‘l‘fi;‘% ii‘fi‘?fii"flifi"{?fi' ine,, Hushucasof (oborcaioe. 2B ATRINS, T, ~ WATCHES. W. OF CHIOAGO, MANUFACTURERS OF | STEM & EKBEY-WINDING WATCHES, Throo geades of whioh Lisva tholr unequallod Stom-Wind- CORNELL WATCH CO., ing aud Hand-Sotting Attachmont., Selling at 830, 8650, and S100 oach, with tho Co.'s guaranteoof tho accurato parformauce and perfection of osob Wateh. ‘Spoolal arrangomonts mada with ros naiblo dealers for the salo of our goodl. TIE CO. DO NOT SELL TO JOBBERN, AUL CORNELL, Presldont, Q. WILLTAMS, V. Pres't and Mansger, Address CORNELL WATGI CO. Sovonty.sixth.at, and Greonwnod. INSURANCE, WILLIANSBURGH CITY FIRE INSURANCE CO, OF BROOELYN, N, ¥, rand Cro: v, Chiengo STATEMENT JAN. 1, 1874, Cash Capital...... ---.$260,000.00 Ongh Surplus, after deduoting all Unpaid Losses--..-...... 481,866.83 Onel Assets over Tiobilitis.... $671,066.82 ‘Before renowing any Policies of Insurance Morchants and Proporty-Ownors will consult thoir intorosts by obtzining ourrates. Desir- nble risks written on as favorable torms ns tho nature of the risk will permit, without reference to tho arbitrary rates of Boards or Cliques. ¢ DAN, M. BOWMAR, Agent, 171 LA SALLE-ST ARTISTIC TAILORING. PER OCENT On all Garmonts Ordered of us During January and February, 1874, Wedding Outfits a Specialty. EDWARD ELY & CO., IMPORTING TAILORS, Wabash.avs, cor- nor of Monroo-st. ESTABLISHED 1854, GENERAL NOTICE: . CITETY COMPTROLLER - OFFICE, CHICAGO; Jan. 1, 1874. ATTENTION ! TAX-BUYERS! Amost Profitable Investment fa offored in the Tax Certifleates held by thocity for tho salo for eity tazes of 1872, which T will soll at spectal and most favor- sblorates in umounts of from Ono Thousand to Ono Hundred Thousand Dallars, Buyors and holders of theso cortifleates will bo entitlod at once to the amount of tho salo and 25 per cent advance, belug for tho firat slx. montha from dato of saloi 50 per ceiit from 6 to 13 months; 75 per eent from 12 to 18 months; and 100 per coent from 18 to 24 montha. Until farther notico, delluquent taxpayors may obitain such of thelr cortiticates of the abova class asmay Temain unsold, upon payment of tho smount of saloand throe por cent presmium, S. 8. HAYES, Oity Comptroller, Room 3 City Hall. The Chicago Relief and Aid Seciety Tavo boon rocolving, during tho last fow wouks, an vor- a0 of tram i hundred tu sovan Bundrod loltors. daits, Ay ot Them Topetilons and meny af them withouk T Wainn of residonco of ho writart, Aud in many casos the writors cannot be found, though careful visitation is Imado . tha diross iren, ‘ovelcine & large, gmount of B2 0 Out party ati o vory e " Tho Bipa o l)hzcllur‘tgm[hnmlum ompallod to adopt tho fallows, g rosolution: Feaotocat, Thint hercattar o lottos of appliontion will re- coivo attontion unloss NAME and ADDRESH aro plainly given, accumpanied by o respeotablo refurouce, whoso I and ADDIFSA st also bn g(ven, s0 ThAL forma: {ion can bo sausfactorly snd promly prosured, anl tho Somiiganty (fVortiy, bo woro shosail sud corfainiy ro- TWou uitd resolvad, farthor, thiet o appilcation will bo R e ke fvar” it 0¥ hox ow PG Y mouiht, oxpressod I writing av ¥ 3 Gy ‘l‘l‘l'UbDl\‘. slguatura, Gonoral Bupuriitendent, T T Tanes| Town of Lake did FIydo Park Taxcs and Speolal Assoss® monta fur 1873 ara now duo and payablo at tho Colleotorat Ofiico, Room 9, 161 LaSiallo-st. Tho Collcctorof Hydo Pack s Mucount of & per cont on all Spo- ssmonts und lown Tax uatil furthor notico, DARIEL WUROKY,} Goltootors, FINEST STOCK-LOWEST PRICES, J: 8. BARNES & (0., 70 MADISON-ST. The Chicage Daily T “TRANSPORTATION, Yesterdays Session of the - Convention in Wash- ington, : W. C. Flagg, of Illinois, Glves His Solution of the Problem. Te Would Have Tight Grand Trunk Railway ) Lines. They Could Be Built for $200,. 000,000, The Railway Committee’s Re- sort Moderate in Its Demands, Tho Government Recommended io Build 0ne Through Railway, State Legislation Relied Upcn as the Most Effective l‘lemedy. Full Text of Mr. McCrary's Cheap Transportation Bill. The Hduse Committeo to Report in Favor of Its Passage. Spectal Dispatch to The Chicago Trfiune, WasnrNarox, D, C,, Jon, 16,—Tho Natlonal Gheap- Trausportation Convention reassembled to-dny, oni swas called to order by the Hon, Josiah Quincy, Chair- man, d AR, W, 0. ¥LAGG, President of tho Tilinols Bate Farmers' Association was introduced and delivored an address on natfona} rallway bighway. - Ho begen with tho asscrtion that tho danger of tho lalter part of the nine- teonth contury lles du tho powor of its monoyed_corporations, and cited from tho works of Goorgo P, March, published ten years ngo,predicting this stato of affairs, and‘from lenry O, Caroy on the samo subject. In support of the fuliilment of tho ‘prediction, ho referrod to the bodies which controlled {ho navigation of tho Uppor Mississippl,—tho ono at New Orleans, which was bleeding the commerco of tho TLower Mississippl, and thosa at Ohlcago and Buffalo, which control, or did unill recently, tho clevators, and lovied thefr tributo ot will. The raffroads, steam~ boats, and river tronsportation of California llo In the grasp of ono legalized band of robbers; and on raftwoy ond water-way alike, under tho sanction of what i8 called Iaw, confirmed and enforced by what wo aro taught to honor os judicial deeision, produce- consumers aro subjocted to,a despotism rapacions, une scrupulous, and not always far-seolng, _ . + MAILWATS PUBLIG NIGIWAYS, He arguod that raflways in offect were publio high- waya, and quoted numerous eminent authoritics on the subject, but added that this doctrino was practically jgnored in tho United States, Legilaturcs permitted rallroad companies to sssumo a different theory ; oud {io Courte decided that, in effect, o toflway corpora= tion was a private corporation, the only limit towhose power waa fts ability to buy or wheodlo its woy through legisiativo chambers, A chapter was then devoted o fho term “Mighways” which, Lo sold, cmbraced canals, roflroads, {urnpikes, and roads, Ho would devols his remarhs to railwoys, which ho urged should be subjecled to legislative control, Tho differenco in thie Tato per milo charged on tho diiferent roads was urged a8 & reasou why CONGRESH BHIOULD LEISLATE in regard to tho matter, as many of the roads paesed through different States'ind Territorics, tho Leglola- tures of which might, for varlous reasons, refuso to makoa uniform way, Ho would not have s fixed rate, but suggested tho appolutment of a commission, which should bavo -discretionary power fn tho matter. Satisfied of the authority of the Government in the promises, ho would {nvoke National legislation, and recommend th eatabliehment of a series of cast- and-west and north-nnd-south lines, which ehould ene doavor to conneet the centres of production, agricul. ture, mining, and monufacturivg with tho contres of congumption’ aud exportation in such a manner that cac section might have the full advantage of ils spe- clal product, and cach section obtain most cheaply, what it does not produce, <40 THE ESTADLIBUMENT OF TRUNK LINEA, Ils proposition wa to draw a lino on th map from Bangor, Me,, througl Doston, Now Yark, Philadutphis, Washiugton, Liynchburg, snd Atlanta to Pensacola nix Mobllo, and'connect Now England munufacturere, Now York commerce, Pennsylvuuis, Muryland, and Virginia coal-ficlde, and tho rice and cotton fields of thio South~ castorn Btates by ilno nearly parallel with tho coust, and on the cast sido of tho nountains, Draw o second lino vearly parullel with the firat, from_Cleveland, 0,, througi Cinclunati, Lontsviile, Nushvillo, to Now Otloans, and the sugar and cotton of Louisiana and DMisslst{ppl may bo oxchanged for tho butter and cheeso of Northorn Ohfo, and the coul of Alabama, Rentucky, Tennessce, aud Obio find cheap ontlet in cithier diroction, * Draw s third lino {rom Milwsukoo through Chieago, 8t Louts, to Galveston, and tho coal of Tilinols, the iron ore of Missourl, und thu sugor, colton, aud cattis of Loufslsna aud Texus can bo' yrofitably inter- changed. A fourth line, only o part of which fanow demanded Dy tho nccessitics of tio_cnsc, would start a¢ Duluth, paes through Bt. Punl, DisMoines, aud Topoka, through the middie of ‘Tesas, to the W0 Grande, Then draw n line from' Omuln, through Des Moiues, - Chicogo, Toledo, und from: thenco by wuch lino a8 fo inlercopt o5 much us pows Bible of tho bituminows and anthracite coal-fleld- of Teunsylvania to Now York; and you will furnish ‘means for oxchanging the wheat, cord, cattlo gnd hogs of the Northwest for tho manufactures of Now Lo- gland and tho jmports of Boston and Now York, an Svoll on admit tho conl of Penusylvania by a second and cheap routo into Now York, Now Lugland, uud othor coalless reglons, ) Draw o second casl-and-west line from'Topeks through 8t, Touis, Cinclunall, and Parkers- burg - to Malimore, sud you counect thres greut, coal-ficids with regions that! are destitute, fur- sl anollur grent oullot or tho toeniiug sgrisitural products f the West, and admit tho commerca of ‘Bultimoragad Philadclpis at living rates o tho Mis~ Sisuipp! Villey, . ‘This lino cuta tho wintor wheat re- gion of the country, aud would sbound fu the best quality of flonr, = Draw a third live from Liltlo Rock through Mem- phis, Chuttunoogs, Knoxvillo to Norfolk, and you agath cut tho moro Southern coul.tloldu,’ This Huo would curry the cottonund plits of Arkunous to s hetter markel, and rouso up tho lost” aud most neglected wen- Bood of the South, Draw o fourth lino from Bhireveport through Vicke~ burg ond Montgomery to Port Koyal sud Oharleston, and you open up tho cotton reglon to s more atirring and profitablo_commerce, and mako corn cheup i Goulmll and North Cuvoflnu, Thesa liucs, §f buflt, woul 5 BUPPLEMENT IATHER THAN RIVAL THE WATER-WAYR, They are, to s consldecablo cxient, an routea ale reudy occuplod by other rouds, hut theiis gould bo pur- chused: or candemned for publio nse, ey ought to To built for $25,000 per mile, which would bo ubout 25,000,000 for eich voad, or $200,000,000 for thie' whible,—about 87,000,000, o the averuge, for each Statu Lrough which'they riin, o wn_osscssment of 0,60 per ucre on ench'scro of Jand within three miles of w line, or ' two-thirds of 1 por cont on tho fotal wealth of the country, which ia less thun onealf tho annual rafl. road cliarges of the country, flo irgeid tho relieme, Pointed ont the way u which tho Govarnment contd cunily seouro tho necessary means, aud PLUMANENT OFFICEIS, Measrs, Mooro, of Iinofs; Maxwelly of Tenneene and Pelham, of Alsbamn, were appofuted us u comul teo tovolect porinanent oficers, REPORT OF THI RAILROAD COMMITTE] Mr, &%, B, Thurber, of Now York, from ths Go too ot 2iniitoadn, subitied tho followlng roport ; The Commitos on IRullway Trausportation of nelidod, this Convention rux:eel(ully roport thet the charters grunted by the l)guple of the different States fo corporations constr _ fwpraved bighways lmown e rallwe; ,bave most funtancen heen prantod without proper restrice {lonw, and theno railways have in many instancen, by cambiuation and consolidation, hocomo monopolios, whitch aro 1ved to unduly tax and opprars the peopls who croated thom, Ko rapidly have theso improved Tighways been multiplied, ko uivornal bas thelr ke bo- cotno, that thelr proper regulation has becomo n mutter of nnllonni ucceseity, Our outiro nysiem o honoy- combed with ; DEETOTH AND ABURES, smong the most lmportant of whioh are Firat—Tho presont method of undertaking tho cone struction of railways without n pajd-up erpital, iecond—Tho Inflation commonly known an watering of stock, by which ils nomlnal valuo i largely in~ croased, therehy making it ncceosary o’ unduly tax travol and cominoreo to sceuro it value, Third—Tho but partinl representation’of the atock- ‘holders fu the Boarda of Diroctors, Jonerth—Tho formation of rings In the fanagoment, thirongh which both tho public and the pbn-managing stdckholder nra flecced to enrleh o fow promineht ofile clals and mannging stockbolders, B Fifth—Tho present eystem, which ne¢fasitates tho operation of pagsenger and freight {raffe over tho samo road-hed on which the passenger trafie 'has tho right of way, thus mnking it ucceeniry ffor frolght trains to lay up two-thirds of tho tlmo dwhen thoy should be rolling on to their destination, §° THE QUESTION * now s, What practical remedios can 1o propose ? After a careful oxamination and considaration of the subject, it s the opinion of tho Commiites that the deafred relief mual como from, first, legislation by yhich oue prenent eyatom of Fallwala’can bo repus Inted 3 and, second, competition, which will comploto and carey out the reform which legisiation must in- ungurato, % Lawn WANTED, © Under tho Lioad of loglalstion, wo shouft have tho following laws : 2'irat—A nationul Inw providing s Burenu nereo sud Transportation, whicli shu!l havg power to preseribo o uniform system for keoping rjllwsy nc- counts, and stioh othor powers of suporsislon and regulafion na may be conetitutional ; mud whose duty 1t shull Lo to malkie an sunucl report lo Congrees, and suggest legislation tending to improve tho prevont Bys- tem of trausportution, % Second—A law making 1t o penal offenso, for nuy public official to accejt or uso the freo rard ‘of any Tuilway conipany, sud probibiling ralisiay companics from granting ‘passies Lo uny but regularemploycs of such ruflwiys. : of Com- GOMPETITION, The Committee nre of the upinion, however, that come ‘potition wiil prove to beour besb aud 1ost eflicigut rom- edy. As before stated, the wheels of compietition have bech blocked by combination and consolidation s uad, ‘unless they con again Lo started, the rany will. con- tinuo to bo taxed for tiio bonoflt of tho fow, This is contraty to tho apirit of our free institutions, and, un- Tesn sonio mothod of giving rolicf is fonnd, it wiil ultle ‘mately resalt in thoir overthrow, The mensurs whicl promiecs tho most effoctivo competition s tho consiruction of a publis iron highe way__ botween the grain-growlug sectiona of the West and tho principal murkets.of the Athntic scaboard, In viow of tho oxpericnco of the United: States in affording nid to corporutions, as .ehuwn in tho building of tho Taciio” Railronds, wo cannot indorso tho granting of land or subsidies in oauy form to any corporation or sssoclation of indiyiduals for tho purposo of bullding auy rafiway or conal, Wo recommiend that such internal improve- aeuts be constructed by tho Katfonal Govornmeut, the mauner of consiructing tho work to bo by con- tract to tho lowest bidder; thut when constructed it should be ugcd for tha trausporintion of Goverument property; aud when not required for Uovernment uae, all citizens to have the right to placo cars il locomo= tives thercon, and opurate tho samo, subjoc to regain= tious {0 be provided by tho Goverument, they paying 1ol therefor suiicient {o mufutaln the Foadway, . 8 BTATE LEGISLATION NLEDED, T Commitico also recommend that membern of tho Amerlcan Gbeap-Transportation Association should, in thoir soveral Btates, endeavor to oblain the follow= ing lowa rom thelr Stato Logiklaturea s Firat—-A law creating » Dourd of Tallway Commis- slonors, who &bl bo clotlied with power to estalilish and regulnte rates for tranoportiug {relgat and cars overall miiroads dofug business fu il State, and to prescribo » uniform system of keeping rullivay ac- counts, stcoid—A lnw prescribing on cquitablo system of roportional or minarity ropresentation of tho stock- [ohors in tio Boards of Dirtction. Ihird—A law restralnivg railway companies from paying intereet or dividends beyond o fuie and just Tetura on the uctusl cost of {heir property to tueir stock uud boad-holders, and compeliing thim to ez~ pend all sums in cice:s of sucl mount, and what {8 required o keop thefr ronds in propor ropair aud repay. their necessary oporatlug oxpensea on their moving, haudling, aud* terminzl foaciiitica for public sccurity and” convenienco; und to reduce thelr transportation chnrges, when such facili~ tiea are In o perfect and completed condition i Faurth—A law probibiting nll railroad companie” ron mnking upjust aud cxcessivo discriminutiong agalust pinces vihich nro not competing points, "Fifth—A Jaw obligiug all railway compsniesto trans- port thy carn of otucr compavies or of individuals for @ Jnst uud impartial compensation, and with 'tho same dispatels as” o cars. belongiugexelualvely (o seld roada, Stzfh—Alaw to probibit the leasing, consolidation, or combiuntion of parallol lines of road, by which compelition is destroyed, und the people’s highiays converted juto monopalice, ‘Secenth—A Inw probibiting raflway compantes from acquirtg or bolding moro real cstate du i noces= sary far the operntion of therr ronds, aud prohibiting raliway compunics or officers of cofupanies from eni- gagiug in minlug or uy business ofher than that of tranaportation. : "Erghth—A 3w making 4t o penal offouso for any pub- He oificlul to aceept or o (o fre pass of any raliway company, and_probibiting_rallway companies from granting ‘suck pasees to suy but regulsr employes of such rallways, The Cominitteo furthor recommend that in chnrters hercafter grantod tho Stuto reservo tho right to regu~ Inte cliarges; that no work slinll bo contracted for until thio moncy 18 fu tho Treneury to pay for it that divi- douds eluill not vzceed 10 per cent upon the actual cost; and that capifal stocs ehall not bo increased witliout suthorlzation from the Legisiuture, and_that, whien anch dncroneo s mado, that eald stock shall b disposed of at suction to tho ighest bidder, DEBATE ON ‘LIl REPORT, JUDGE LOCHTAKY OIECTD, Judge Lochrene, of Georgly, sald ho opposed tho report for Lhe following reanobs: 1 dissent toih report recommending to the Natlonal Government the bullding of tho road trom esst to weat on tho followlug rroinds ¢ & Firat—The Unfted Btates Congress has no power to Teguinto cliarges for frelght on exlsting raliroads os therein rocommended,” Second—~Tho right to build s rond for defonso is not doubted, but tho right to coustruct railroads to carry frelght for tho public gonorally I deny. Fhird—Tio right to_ rogulste comumorco does not mean to build railroads of to curry commorce, Tho poer to regulite s ono thiug, bult the pover to'croale amother, Fourth- Charters contructs, which nil without Violuting tho fandumental law, ‘The right of s man to his own_proporty, whetlier i bauks, bonds, or corporations, aud to 1so it o8 o pleascs, violating o law onterlily inio it oxiitence, in o sacred inkor- itance, without which inheritanco wo huvo no fuborit~ ance, Fifth—1f tho Government enter upon this polley, it would destroy tho_ right of hondholdets in . cxisting ronds, caugo ukrinkago of velies, unseltle il fuvest- 1nonts by individuals, and give u’ perceptible shocis t {reo government on ontinent. - T COMMITTES ON WATER-ROUTES. My, Thomus moved that the roport of the Cotmit- teo on Wator-Rontes bo takon up for discussion, which was agroed to after somo discisedon, Mr, Lockrano introdueed the followiug s tho sonse of tho meating, und it wan adopted : Hesolved, Thut it fa the neso of this Conveution thiat tho demunds of commerco snd_cheap fransporta- tlon require tho loglslution of tho Geuoral Gov- crament, ond its ol fo utilize it natmr- ul water-channels, sud by tho construction of eanals and tho removel of obetructions fn 1ivors, to open up lines of commnnieation by which raiiroad monopolies, Lierctofore fastered by legialuifon, muy by competition bo provented from tuldug produbty to o axtent that eurlches sueh raonopulics of trausportation out of tho pockets und bard earnings of tho producors. Belloving that the peoplo huvo long onough contril= Tted by thelr hurd prruggles against climo und. season to swell up the milllons of capital, which has turzed, iiko Saturn, to dovour their own children nECLSY, Ou motion, tlo Cogvention took a recess untll 3 o'clook, AFTERNOON SESSION, ‘Tho afternoon scssfon was catiod to ordor at 3 p, m. by Presidout Quinoy. : © Q0IAN NAVIOATIO Mr, Lawton, of Soull Garollua, nross and spoke on tho subject of steam transportation, e wakd his great study hud heon (o get Atorioan products to Europesn * markets, 1l bad _endeayored ' ta got lnrgs sloamers {0 como direct to Southern ports, 'Iho great troublo wus to get. eat- ward frofghts to the Southern ports, Cotlon and wrain will constitute profituble freights to Europe. Mr, Lawton then proceeded to read extonsively from @ pamphlet on chenp futernal transportation, published Dby the Eastern and Weateru 'Iranaportation'Company, anid was slopped by the President. WATEILROUTES AGATN, ’ Col, Thomaa ucddrossed the Convention on the two Tepurts, us roudered by the Water-Koute Committeo. v Loall No was opposed 0 thu minority Teport, inthat ft proposes to meworiallzo Congress fn tho beliif of an approprivtion for the Illsels River, Cons ur(-lnlnnlrcm})' du‘nx this, It n[vt)mpnuml a larger amount kit yoar, and tho Commiltes i uanuld/.-rmt; thoaubjoct of further uppropriations, und ho was will= 1ng to leavo the matter \\“Ill Congrexd, 3r, Allon, of Illinols, fullowed, urging the fm- ortunee ol beinxg deliberste, ond not refse g controvorsfal questiond, 'Mu opposed - the minority report bocuno It uaks ton nuich, THE EBIE OANAT has been of greet benofit to tho country, calleq forthi eulogles from practical men’ fn ull the Blates, I lave-known the trinhy and troubles of ploncer farmer, sud buave seen fwo-thirds of wy gralu and eattlo profits go iuto the pockets of_ trnnspartation monopoliets, It {8 proper {bat we usl tho fmprovement of tho Erlo Ganal, 5 3t can o done, I lnve no objealian Lo the Niagara Fulls Ttoule, but the Ganadian anthorities nro oulurgiug sud 1= ‘;:uvhlg tho Wellund Canal, aud why ask (hat another Iziid on this side, just alongeide of it? Tam fn favor of ' Houthers, a Middic, and a Northe eru route £ ond has in | 3t Allen setd tho Biato of New York wil allow CHICAGO, SATURDAY, JANUARY 17, 1874, Congreas to improve the Erls OCanal, Tho Conimittes only ° rocommonds to ComRreas o Tuko ronto, tho dmprovetnont of the Erio Caua), and the completion of the Iitinols & Michigau Oannl aud Illiuois River, As for thoreat, wo «conunond what Congresa has done in tho matter, and ank it to continuo in well dolng, It now only requires oixty-fivo mnllos of cutting to make a waler-conneo- tion botweon the Uppor Miseissippl and Ohicogo, Tuis canol, torminating ob Iock Island,’ will cost nbout §4,000,000 nnd furnish tho best accominoda~ . tweon places in difTerent Btates, tion i1 tho matiar of frolght. A HUDSTITUTE ¥OR THK REFONTS, Gion, Bandburn, of the Bt. Paul Ohamber of Com- morce, offered tho following on a substitute for bouh tlie roports of the Commilleo on Wator-Rontes : ltenolved, ‘That, an tho judgment of this Convontion, o Government of the United Btates abiould rellovo tho producing classes of {ho country from tho op- presalve (raueportation tariff of rallrond corporations by tho improvoment of tho water-lues nlrcady oxisting, ond tho cstablishment, continuanco, and malntenones of other 'water-linos of <¢ommunication from the I\Unlulgm Rivor to tide~water ; that, in the opinion of this Uonyention, tho water-line from the Missiasippt Rivor to tido-water thiat will nfford tho grcatest rolict, in proportion to tho cost of establishing and malntalning the same, is the progier lino of connecting tho Missisaippl River with tho lnkes, andt that this lino should bo opouod by tho Unitod States without delay, Zeaplced, That n water-ling of transportation by the Ohio, Xanawha, and James Rivers, and canals con- neeting tho same, snd o water-lino connecting the naviganlo waters of tho Tenuesseo River with the mont. convenient portion of the sonthenst Atlanticscaboard, fllml‘ll?‘ be constructed Ly the United Btatos na soon a8 possible. . . A BPECIFIO PLAN WANTED, Gen, Ttossser, of B¢, L'aul, sid tit tho mnjorily re- otk an a el pian, onil s otier waa ot, T iy ust wiint Gongress wants us to submit—no ‘general falk, e wo offer o plam, o moy expeot HOHuuR, Nomo tho sometning wo want, and wo will got it, Judgo - Alexandor White, of Alabama, £aid Do con. curred in tho purposes uud messured of tho Natlonal Convention, Let us bury all local prejudices undor our feot, Wo aro_common cltizens of o common country, Let us work for tho boat intorests of all. ‘Tho mitiority ropoxt insvitably defeats tho abject of ihfs Convonton, Congress will revolt from oxorbitant demands, f TUE WIIOLY: MATTER POSTIONED, e, Flagg moved that tho wholo muttér of water transporiation be reforred back to tho Committes, with tho substilute of Mr, Ssndburn, until tho reporé of tho Raliroad Comumittes sholl havo_beon disposed of, Tho motion prevailed, and tho Convention ad- Journed it 7 p, m. . EVENING SESSION. Tho Convention rossembled to-night. Tho roport of tho Raflroad Commitieo wha discussed by Col. Grosvenor, of Bt, Louls, Ho thought wo had too oy rallzoad delégaten, "Thurbor, Honry, Lecs, and Baker, of New York, advocuted . doublé-track rafl- Toad from the Misalsaippl to tide-watcr, Raflroad managemont wis freoly ventfiated, regarding ito frauds s watering stocks, coNoLysioN was_ arrived abio Couventivn adjournod iill 10 . ni. to-morgow, and decided to tako the voto on tho rallrond, Toport at 11:00 a.m., Judgo Lochrane, of Georgla; to have the floor, to defond the minority ro- wfi.llfl‘ that hour, [ — IM'ORARY'S BILL. Spectat Diepateh to The Chicago Trbune. Wasaniorox, D, C,, Jan, 16.~The Houso Commit- teo on Rallroads nnd Canals agrood to-day upon Me- Orary's bill fo regulats commorce by railrond amoug tho soverul States, and will Topart it to the Houso ut the firet opportunity, togather with & roport on tho subject of tho bill whicl Mr, McCrary i8 now propar- ing, A T FINST HECTION of tho bill provides thnt eszh und ovory line of rallroad extendlng into or through two or mord Slates or parts of Btatos, and employed {u carrylng frolght or passeu- gers botweon points or places in_difercut States, and Whothor _owied or oporated by ono com- pavy, corporation, or ~porson, and known by ‘one name, or owned and opersted by sovoral conie puuics, corporations, or porsous, and known by severul Qifforent numes, shall Lo regarded as employed in commerce amonyg tho soveral Stotes: and thocompany or companies, corporation or corporations, person or porsons, ownlug or oporating such line of railroad chall bo both jomtly sud sverally liablo for any vio- Iation of the provislons of this act. b4 TUE BECOND BEOTION . rovides that 1o company or persons operating 3,lino nto or through two or inoro Slates shatl cluurys or collect mora thun_a roasonable_compensation for tho trausportation of frolght or parsengors, or for tho uso or {runsportation of cars upon_ita trac Bee, 8 provides thut tho Prosident, with ho dico and consont of tho Benate, -ehall appolut o Boant of Ttatirond Commissioners soloctod, onofrom each of tho nine Judicial Circuits of tho Usited States, sud that they must boin no menner intorested in {ho stack, Douds, or property of any railroad or other trausportar tlon compuny, Boo. 4 provides that the members: of tho Board shall hold oftlus for .six years, zud until thoir suce cossors are qualified, and sbail recelvo $4,000 o yoar cach salary, and their’ actunl traveling expenses, At thio first mo:ting of tho Board after their appofnt- mont, they shili divide thomselves by lot {nto threo clageds, ‘Tho members of tho first class ahall contimio for 1o yours, of the sccondolaes for six years, so that one-third may be sppointed every secoud yoar; and wheuover vacancies ehall oceut in safd Doard, the Trosident, by and with tho cousent of tho Sounto, sl Al such vacancies by appolntmont for tho unexpirod portion of sald torm. = . THF FIFTH BECTION, . ; which i8.vory loug and comprehiensive, provides that tho Board_shuil fnvestigato und_iuquird futo.tho rates of componsation and tull churged by rallrond com panfes coming under tho provisions of the net, and Jropare for_tho owners ond operators of ‘the- suine & separato_schodule of reasonublo moximum rates of cliarges for {relght, passengors, ole., over tho lines ro- apociively. his wchedule, duly suthenticated and ‘Drinted, shall bo kopt posted n tho oflices and dopoly of tuo compenios, sud esch Commissiouer s required tofilo 3 copy of o schedule, and- sny amendments thoroto, with thie Clerk of tho Circuit "Court, of hin dlstect, aud such ‘ollisl copy abill Lo seceived und held in oll courlr as_conclusive ovidenco of suid behedule; ond coples duly cortified from tho Clicult Olerits oifice shall bo received 08 ovldenco §n_ouy trial in any court to tho amo cxtont as imo origiual fife., For the purposo of prosecuting sny nvestigation un dor this uct, nud for the purposs of nsceriaining ond Sxlug such reasonablo muximum rates of charges, tho Toard shnll bave the powor to admioister oathis, tend for persons und pspers, ind to requiro the prodiiction betord them of - books, rocords, oud papers ond for this purpose they moy issue ‘process, which ehall L sorved by auy Marslial or Dope Wity Aarsbial of tho Uniled States ; ond in caso any crron summoned o appear as a witners beforo thio iourd ehinll fafl or refas to aphenr, or if any person raquiced by tho Board to praduco’ befora them any ook, records, or papera in his ponsession, uball fall or refuse to produco tho samo,- it shlk be the duty of tlio Doard forthnweith to_report tho facts to the uearest Judye of they District or Clreuit - Court of "t Unifed Gtutes, who shall hear tho matter -summarily, whether in term-lmo or vacation, aud shall miko such order in tho premiscs 28 1any be deemed roper to compel such Dorions o apyeat boforo safu Board and unswer all proper ques— tions and produce all papors, books, or rocords fu_bhs possession roquired by cald Suard to bo by Lin pro- duced, and which, In tho judgmont of the Court, ura ‘praper evidenco t bu considerad by aald Baard und Sueh Judgomay eufores his ordors and punish disobedi- unco therolo ns in coses of contempt, Said Commie- sloziors my, from timo to tinio, and 80 often g circtime tances may roquirc,change and rovisy such schedulcs, and shatl give nctico of such changea or revistons: in tho bamo ‘mounor o8 lioreinbeforo provided, Tho £chedules aforesatd shall not be deemed fnvatid on ac- ‘ount of uny faliure of tho Commissioncra preparing tho samo to Includo thereln sll_and_every article ot s ot freight, but sl b leld {0 bo good wd vaild 28 to all rticles or eluvecs which are fuchuded of em- Draced thereins but it khall bo tho duly of auch Coni- Imiswlonors, whonover {t comea to tholr knowledgo thut any articlo, or clans of frolght, hus beon omitied from any such kckedulo, fo ' wncod the = samo " g4 doon ns rrnc"m\hln by adding any such omltted nr- | omijsion shal ticlo ur artlcles or class; provided, that if said Board of Rallroad Commissionors shall, after inquiry and fuvgstigation, bLe of the opinfon that the charges of ungjons of thio lines of rollway - described horein aro alropdy fair and reasonable, they mayin their dieorc. tion omit to Ynypnronnchc{‘ula Tor sUH ezl ueh’ suel} Ino shult coutinuo talr and reusonable, EGTION HIX dos that tho Comminsioners may mect whero thoy , and thiat 6 wajorily shult constituto n quorem, ommiiteo of 1ot lesa than thros membyrs may tlio purposo of (nklug Leatimoby, and eBull hava powers of the Board in relation to the sum- ‘moulpy of witnessen, olo, Bed. 7 provides for tho employment of & Secretary ntuualsry of §3,000, Witnousos who ate not oillcers or agonts of tho compray under investigation shall bo pifd tho 8nmo s wilnzie:s summened i tho courls of the United State 0 THE E1OUTH BEQTION of tho not alateu {0 penaity, It yrovides that the op- oratora of tho lines included in tho law who shall, afler tho nohedulo hus talien effect, Lo guilly of charging, collecting, demunding, or recolving more than u reas sonablo rate, or toll, or compenaation, shall forfeit and pay for enct offenso uot lens thun $500 and not more thin §3,000, to ba recovered in nny Distriot or Clreutt Gourt of tlia United Statos, in tho form of un uetion f deht, o by such olier Torm or aotion ua oy bo proviucil by tho low of the State in which such sction s hrowghit in liko casor, Tho nxtortionfsts ure hko Mo liblo to the pafly wijured, Dither pacty oy selion brought udar tho provisions of thiu act hall livo tho right to u triul by Jury ; und i any se- tlon_imtituted “undor the provisiena of this~ uct, whethor it bo u sult to recover the penalty or n auit by tho party njured ta rocover damugos, uny number of sopnrate and distinet violations of the provielons of this wot muy bo stated weparntoly i sopatate courts, and & rocovery muny bo hnd upon osch, Ir, upon (o irlal of uhy sucli mult, brought ofthor to recover tho peually or damages st whell Cho made to © wppesr thal tho tofendant han cherged, collected, or domandod, or rocolved for the transportation, compensation greater {hun that fised fn the soheduit, then the des fendaut whull bo held guilty of extortion, und liahle therofor, unless he can show that the rate charged and collcotod was noverthieloss falr aud icasounblo ; providud, that notbing in ihis act contained shall bo deomed aud taken ta dotormine or tako away auy com- mon Juw right of action on the part of {ndividuale age grioved ngaluet such ruliroad corporations or common pro ploa Al Bt [ ull ribune, carriors, or any action taken fn thin mattor by any Btale, no far a8 regards commerco within {he control of said Btates, BEOTION NiNE: e tolowy 0 provioions of thfs act shall apply to all persons, frms, | companios, or associationsr whother teear: POratod or not, who ato, or may be, cngaged s car- riora of frolght nud passcngers, or in carrying froight only, or in carryiug passengors only, upon nny linea oxtending into or through two or ‘more Blates; but this act shall not bo construed ss oxtending 'to or affecting such commerco as is aotunlly and f good g;’.l(h coraplotely internal within any of tho soversl 0, Enofiof tho achedules of cliarges horoin provided shall take effect on aud after thirly days lrnm“lh! dato of 118 boing fted in thio Clork'soflice aa aforeaatd, BEOTION TEX, In nll cases whoro two oF moro persons, compaules, or corporations unita togetlier for the' pirpose of transportg frolght or })I!!Ell!ol’l over several lines of raflroads, from place In ono Stalo to a place i an- e Stato, o sovoral linos tius operated logoter ehall bo trealed for all flio purposca of this act as ono Iino nud cach and ovory oie of Auch Poraons, compae nios, and corporations shall bo bound by the provisions of this nct, and liablo for any violation theroof ; and in all cases whero several lines of rall- ‘way aro united or conunocted together, and engaged in currying frelglt o pnsaongars througl two oF moro Blates or parts of States by a continuous route, wheth- er undor ono management or not, it shall not belawful for them or auy of thom to ovado the operation of this act by sny form of contract deslgned for (hat c!lrpunl; and 1t sball bo competent, .in all suits rought under this oet, to show that the defendant was jn fad when - tho allegod extortion acourred, eomped {h operating » part of o continuous lino of intor-State commerce ; and, upon such fact being mado to appear, such defendant sball ba held subject to the provisions of this nct, whatover tho charactur or form of the contract between such defendant and tho eliipper may Loave boen, THE DEMAINING SEOTIONR provido that t ia tho duty of tho Gomminston person- ally to nrcortnin whether tho provisions of the law aro obeerved, and to prosecuto all avnsions, Soc, 12 provides that thio law shall apply to linos of ronda within tho Territories, and to all lines extending {from a placo in one of the Btates to a placo within one of tho ‘Territorica, Soe, 13 provides that In eato of voluntary colluslon of the.Commissloners, or cither of them, with any rafliway conipany} to hinder the proper enforcoment of the acf, and thoir or his conviction thercof, such per- son or pereons shall bo fined not lens ian $10,000 nor mora than 350,000, and lprisoned not less than threo nor mors thi {en years and bo disqualided teom holdiny ofico une fho Ubited ginten, ' ec, 14 provides for the kecping of a Burcau of - woy Slatistics by tho ol CRIME. The Turner Murder in Grant County, Wis, Tho Bender Atrocity Equaled, if Not Surpasseds -Stage-Coach Attacked and Robbed in Arkansas, Recovery of $10,500 that Had Been Lost for Five Years. The Turner Murder in Grant County, s Wis. Speelal Dispatch to The Chicago Tribune. MiLwAvxee, Jan, 10.—Readers of TiE TRIBUNG will remember the arrcst of Dob Turner, of Potosi, Graut Counts, Wis,, on tho 6th of Decomber last for tho murder of bis brothor Albert. Tho inquest bos mow been hold, and a seriea of ferrible crimes havo beon uneartlied thnt will equal, -if --not surpars, tho Bender atrocity. Tho murdered mon was killed with a1 o3, (o bead belng nomly severed from the body, 18 ho was coming out of & mineral-hiolo fn which ho was ot work, o fcll back specchless and nevermoved more,: The murderor then called to another brother, Nowlon, who was inan adjoining sbatt, to como up, and Newlon commenced to clmb, When ho reachod tho stirfaco ho TEROETVED THE TODY OF THI: MURDERED ALDERT, and was sbout to run, when Hob eelzod bim, nnd, showing him tho bloody ox, threatened to kill him instantly unlces Lo sworo to assiat fn putting tho body away, and to preservo silenco, This Nowton asaented Lo, but on the first opportunily Lo escaped to Yotost, wherd ho gavo thoalarm, and the murderor fled to Lancas- tor. At Potost tho huie and cry was raised, and Ofiicer Wiimot and & committeo of citizons pursucd Bob, and coptured Lim, _ Ho was faken to prison, and bis con- duet thoro was rovolting in tho oxtrome. e aftempted to ki1l u follow-prisoner, but was discovered {n tiue and socured, TITE BECOND MURDER Ia{d to bis charge, which Lus Juet conto ta Tight, {s thet of Qlnoy Neelsy, It appoars that duriug tho fatior part of November and tho first days of Decombor, Dob Turner was in tho employ of 3r. R, Bafloy, I tho town of Olifton, engaged in’ cutting Loop-poles, liviig with Mr K. Bell. In tho Town of Ellenbora_ wos ~ {ho boy in question. _ Ou Tueuday, Doc, 23, ho_boy Necloy started from Bell's to visit His mothcr, who resides’ in Now Californin, Tia road Jay through the timber belonglug to Bailoy, whero Turner wos at work, That was ftho Inst scen of young Neeloy untit tho 9fh of Janusry, Tho pooplo residing in tho -nelghborhood binving hieard of Turner's murderous ‘propeneity, nud knowlng that young Necloy had_to pass near whero bo was ot work, turued out on Fri- dny last to bunt for his remains, Eight men started frm Bell's, and soarehod tho ground cach sido of tho road. Wuon they arrived upon tho premises whero Turiier had been chopping, tliey YOUND THE DODY, which Iay an it Lind fallen six weoks before, The fndi cations showed that Turnor lind commencad to cut down n suppling, hoving etruck two blows on tho lett sido and onc on fhe right, Tho second blow ovient) was tho ono that kilicd tho boy, . The position in whic {io boly Iy, lio coursg tho blow from. (ho ax bad taken, all indicated ft, Tho bog's " 1IEAD WAS NEARLY CUT FROM TRE BODY, only hauging by o small pieco of skin on the bick and front of tho nock, tho ax huving ono clear through thy neck, When found, young Neeley lud o paper parcel under hls arm, Just s ho was currsing it In his pockols were & Tos Jack-knife, some marhles, and & 60-cont serip, Tho body was takon cara of and tho Jury empanolei to hold an inquest, and the verdict | yus thiat Oluoy Neeloy, aged 14 years, eame tohfs doath ! from tho blow of snux in tho kandsof Robert Turner, HEVERAL OTMER MYSTENIOUS MURDENS huving takon pince in localitios’ tn which Turner had Deen ween, Maraball Benncit:visiied the prisonor, and usked lfm fo coufes It ho lind any haud in thom, He flunlly confessod that be vemembored RILLING TWO MEN, . & stranger whom ho had encounorad in deep ravine Lack of tho poor-farin, and theroupon attacked and murdered him, hidiog {uo body, and tho other a man Zio met on the foad to Mugcads, whero ho wes golug to gut work, o says that tho latter mudo threat= gt gostires, and Lo “fearad o wau golng to fako his lifo, ko ha closcd with him,.ond, with a four-pound wolght which lio carrled in hls pocket, stzack Lim two biows ovor tha eges, emnshiug in tho akull aud ifilug Wim - instantly, o dragged tho body into tho bushies and socreted it thoro, out, also, tht hohad befors ATTIMPTED TO MURDEN 115 DUOTHEN ALUENT, severing & purt of tho loft car, and nearly broaking' in the slde of his Lead, b - Now he hos confessed, he_ dalights to talk of the e gloats over tho skill may pornons he haa kille A al i ¢ ropare a saledule for such et sich it which e Law concoated thelt bodicy, and dootaron nobody ca® find_them bit Wimself, and’ that it thoy wara (ot togotlier thers would bo NEALLY FORTY OF THEM, Tio nays that s mission ou earth was to Lill off tho people, 68 thoro wero altogother {oo many peopls crowaing into this country, ahd_exuibits n eavage sat~ iefaction 1n recounting his bloody ozplolts, Moncy Found ‘That “ad Neen Lost Nino Wenvs, ACKSONVILLE, I, Jnn, 16.—Nino yeurs ago Tnst Sovember, Meury Baly, ‘of “Carlinville, Maconpii Cunnty, lost from his poctet, whilo passing from a fioie] 10 bank of that town, his pociet-book, contain~ ing 510,680, Upon reachini tho bank Lo discovered tho José, utid immediutely relraced his stopy, but failed to find tho pockel-bools oF the largo sumw of mouoy it contalned, ~ Ths quostion us fo Who got tho ooy Femalucd a toystery untll recontly, wien u son an daughler-inlaw of Georgo W, Myerd, (hen a prosper- oun” furmer, realding nea ° Gitard, Macospin County, divnigod tho scerel, und’ stated thut tho uMa Georgo W, Myers' und two of his wong, Tsmo und Willim Myers, who happonod in Cirliuyillo tho day thut Daly” losf the money wnd Jusacd abn o ulort digtunco elud bim, picked up ho pockotbook and bts prociaus contonts, Georyo Myera wid Tsanc and Willlim soon remaved to Miz~ wourl usd loctodon o farm in Towls County, near Montiollo, * Lo-day Doputy Sherfft Custelto, of Mucoujln County, atid Mr, Daly pussed through this ity having the threo Myerses $u custody and froned, having urrested them upon_a_requisition from Gov. Tevaadyo ut thele hums in Lowia County, Tho slleged eriinzls will bo taken to Garliuville for trlal, The quoition of what becanio of Daly’s iiousy would Tiyo perhaps forevor rommimed o myalery Lad not the ol mun Myors quurrolod with the £on iiud diughters $ndnw,who, impalled by spito, Tovealed o facts in (ko ety 7 / Allegod f‘urn‘nry. fal Dispiatch fo Tho Chicaga 1y ibuna, 7 ycoostiminon iy Jan, 10,3, B, Totn, agent of ll&uhllum‘m mn‘g‘gfl:{g‘-nn!!fignlnn Gnuumtnrfi Wus rfi:au ed lioro to-de o nomes of thres cikizens &f Fafar il o bia o0iclal hond for 17,000, It nowturns | Lanseal, - NUMBER 147. WASHINGTON, Further Debate on the Finan. * cial Resolution in the Senate. Speech of Senator Sherman, Chairman of the Finance Committee, Our Great Mistake the Payment of Debt Not Yet Due, : “Redemption” Should Take the Place of “Liqui- dation.” The Sfandard Value Repudiated, and a Falso One Sct Up, Our Cwrenoy Should Be Made Equal to What It Promises to Pay. The Ways and Means Committce and the General Question of ' Finance. NATIONAL FINANOCES. Special Dispateh to The Chizazo Tribune, A LOAN-DILL BY DAWES, WasmNGTON, D, C., Jan, 16.~The Ways and Means CGommilteo had a tnceling to-day, at which they diz- oussed a bill, probably prepared by Dawes, sutliorizing aloan of $20,000,000, interost at 6 por cont, payable fo gold, Tho principlo of tho bill ruthier than the document dtzelf, which s ot in o cruda shape, was discussed, na 1t was deslrous to got such an_ iuterchango of viows oa will enablo Mr, Duwes to framo such o bill as will nearly, if not complotely, satiafy ond command the support of tho wholo Commitiee, Tho members of thio Committco were solemnly enjolned not to roveal tho procecdings of tho meeting, nor to give tho slight eat clue to tho suboct which was diacussed, HEODETARY DICKARDSON is el harplng on his increased faxation hobby. Ho acknowledges mow, however, that ho will have monoy enough fo meet the running oxpouso of the Govornment, o insists on having 3 margin. Ho tukos occasfon, whenever an unwary Congrespman strays within bis reach, to delugo him with reasons why taxes should bo inbroasod, until o 18 generally regarded a8 u nufeanco, " SCNATOD SERMAN'S sPEECH, The Ohnfrman of tho Senato Finauco Committe Mr. Sherman, of Oblo, gavo Lis views on_ tho natious] finances this aftornoon, - 11is romarks ocoupled tho en- tiro timo of tho body, speaking tlirco nnd ono-half Tours, and will canatituto tho bulk of the contonts of fo-morrow's Congressional Itécord, Mr. Shermon did not muko auy effort o golvo ilie finaucial puzel Dbis object being to inspire fhoso aroun bim, “ond, if * possible, arouse ioto greater activity o braina of’ tho thinking men of 1hio Bchate, Ho refuted tho fdea that an oxpansion,of tho currency would reliovo tho countrs. We alroddy had mora moncy per capita than either’ Great Dritain or France, but iy guality 8 ot 80 goad. Wit wo want §s {o'improva tho valug of our currency, not in- creage its volume, During tho remarks of the Ohio Senator, ho was frequently interrupted by Messrs, Morton, Ferry, of Michigen, Boutwll, anit Allieon, omo of whoso fquestions lie faited to anewor, Mr, Fonton, M, Boutwall, M, Bumuer, and several other Senators aro preparing specches for delivery noxt week. ——— THE CHIEF-JUSTICESHIP. Special Dispatch to The Ohleago Tribune. TUE TIIRD CHOIOE, Wiasmvarox, D, O,, Jan, 10.~Tho question a8 to who will bo Grant's next cholco for Chlef-Justico still agitates all circlos, and §s the principal tapic of specue Iution, The Presidont hus miven the subjoct more careful ottention than before, and hns called in couns sellors from all ecctions of tho country, e hus neked fora statement of tho Ufo and_emincnt sorvices of Mr, Walte, of Olifo, which has been furnished i, Tho 'Obio members of Congress havo not taken any action 08 n dologation, bub_they havo all ex- ercieed their individusl fufluenco in Waito's behalf. Gon, Sherwood, who ropresents tho distriat in which 3. Waite lives, luid before tho Presidont to-day dise polches from tio Dar of Tolodo, and o messago from tho Constitutional Convention at Cincinnati, nunounc- ing that {hat body, without excoption on ‘sccount of poiitics or sny oflier roason, wero united in urging Ar. Watto upoi tho Presidont, 1a a 1au most eminent= ly qualified for tho position, ' Secretury Delano i3 also working in Walto's Intorest, and feols Father sauguine a8 {0 tho result, OONILING'S AND DILLON'S OFANCES," Meanwhilo, Dillon’s friends are full of confidence, and the staloment that Seuator Conkling bud finally agzead Lo accept tho place, ftor much urging by the residont und bis fricuds, finds mauy boliovers, Gonke Iing went to Now Yurk on Wednesday night, and this circumstance s bocn given great walght, ‘Tho truth 15, howover, that he had nononnced o week befors that he would make the trip, Tho Cablnet hud tho subfect bofore them to-dny. The President 13 determined 1o bo certain of confirmu~ tion beforo bo_nowmiuates another mon, Tho report that ho bad chosen Lip man_snd telegraphed bim on Wednosday is donbtloss incorrect, (7o the Arsaciated I'resn) CONKLING THE MAN, NEW Yons, Jun, 10.—A Washington dispatch says : 4 Sonztor Conkling hins beon {nformed that the Prosis dent will nominate him for Clief-Justico,” and adds s “Ho will nceept, i THE HOWARD INVESTIGATION. Special Dispateh to The Chicawo Tribune. THE HOUSE MILITARY COMMITTER'S BEPORT. Wastnarox, D, O, Jan, 16,—Thy Houss Military Committee endeavored to agreo upon n roport to~lny on tho easo of Gen, Toward, but, a8’ ouly cight meme Diers of the Gommittes wero presont, and four voted in favor of & trlal by o Military Court of Inquiry, sud four voted fn favor of an inveatigaiion by ths Commite tor, nothing was agreed upon, Thoso who voted fa. favorof recommending & “military {rinl were Hawloy, of iinols, McDougal, of New York, P’ M, B, Young, of Georgin, und Eppa Hunton, Tho lnst two gentlo mon woro Generals in ' tho Nobel ormy. Thoso who voted to hayo on investigation made by tho Committea wero Gon, Coburn, Gicl of Oblo, Doran, of Towa, and Albright, of Tenuny vania, 'Gen, Hawley, of ‘Connoctiout, Thornburgl, of “Tennesseo, and Nesmith, of Orejon, were abront, 1fud all the members of tho Gommitteo been present is beliovod that » report would havo boon agreed upon by o mejority in favor of A MILITANY THIAL, Home of tho membora who voled sgalnst arderlng o Jilitary Court of Iuquiry did vo becaitse thoy claim Lt tho President or Secrotary of War oukht long aga {0 Jinve ordered such n trial, us it vus thole duty to Go: and thet they aro not willing fo Lave the responefbility put upon them of ardering it,—and yot, they aro willlug to try Gen, Howard themsclves, I it riat Ia had by tho Gouuniites, It wil simply ro- ault in an offort on tho part of Howard's friends to haye bim whitowashed by virtu of 5 Republican vots i the House, Tho matter wifl probably be declded in a day or two, —— NOTES AND NEWS. Spectal Disyalch to The Chicagn Tribune. ‘' CONTINOENT" EXIENSES, WasmNozon, D, O, Jun, 1g,~Beujamin Butler, as champlon of the Admiustration, objected, aud thus cliaked off a resolution offercd to-day by Small, of Now Tumpabire, making inquiry as to tho uso of publfo moncy ta buy carriages aud ofher luzuries for tho privato uso of Govermient oficlals, Tho Adininistra- tiou doca not particulnrly desiro to have theso mattors investigated. TNE NABUVILLE. FOST-OFFICE, “Thoro i troublo with regard to the Nashvillo Post- Oftieo, Prossor, tho prezent fcumbent, s auxious to Lo veappolnted, ond hiw claims avo wupport- el by Maynard, On tho other land, Ifarrle son, tho Repiblican Represantativo {rom thnt dstrict, opposcs Prossor’s courirmution, haviug a caudidto of 1 own, whilo tlia President, Who' vogrds tho cliurgs of abaenitcolum, which fis brovght ausinet Proescr, as o yory gravo offvisgy wikliea 1o uppolit o okl friciid of Ife Own—n carpat-bagger from Hifnols by tho namo of Holace, 1o accordinitly vent 1 frleud’s namo to the Sonate ouce, but, yielig to Maynard's solloltations, lio withdrow it, 'Harrison _then ‘made s hot faht fur conolug his man, when tho Presldent m Boo Elghth Pagos