Chicago Daily Tribune Newspaper, February 11, 1874, Page 2

e {10 mocesmary authority ta do all that waa necessary,and et in cortnin tanctious of hia ofiice bo nnnble to actom- pliah all that ho would wish to doj beeauso, after all, power hnd boon delegated; o wonld atiil bo fiot Bishop of tho Dlacese, bt Assstantlshop, . Thnt tho ollico Jina bean aa worthily Allod, and wilh auch admiesblo roaults, has only nerved fo’ loasen Hho fesliug ngalust f, aid to pontpams the legulation whiclt Ia sitrs ot womo futuraday to place tho necca- 7Ary ofleo of a Goadjutor Bisliop oh 114 propor fotiuda~ Biit the . Assistent Blslolo -.of Wisconsin, in 1810, seoma, 8% wo ook back upos 1f, ko nono ofher, iio’ vonornblo Tuthor, tio santly Dishop, tho ardunt misstonnry, tho - loving - pastor, - whown xindly government, and , brendth -of toloration o . n who' . would,, work, seamed - By, - Fonio tp "W wenkneos, and, #s tho years ‘Go by, slifiio Drightor and brightor a8 {lio trength of God. ' To up- 11013 i hande, 10 61 Wi ta- wleld tho pastoral stair, on nud perfact the work o 1iad pogon,—tijg cod;8 bleased Iubor, > Andl fych ho, fou a he, With n father'a connael, and n fathoer’s prayers, on 146 ono sido, nul: ' dovinly hearl-sid affectioate toverenco on ths ather, ‘the twd Biabaps worked tos gothor until, on tho d1at day of Muy, 1871, amid the Veacinbled {hrong whom love ‘nuid roveronco hai brouglit togetlie, tho vanorable Distiop wi commiticd Totho grenna i the quiskchireh-yard nt, Nastotah, 1t waa (o Iegitimate. rezitt of Dlsliop Armitages labors, p8:andssiatant Bisop, gt ho.Aliould inve en- deavored, with all tho eriorgy of “lils_naturo, o bulld tho proposed monument to Blshop Kemper, tho per- manent foundation of n achool for glrls at Renosha, 10 bo knowss o Kempor Hall, e Yoli:"temembor - tho” entlinafuatio | moating ‘ot tho Gaunchl {n which ft was begun,” You romember fho laborlous Jgnrueys, ~tho’ personal moliciiations, tho versovering efforts ‘of thiv Dishop, - Yoii aro aware, ‘hough posibly all do mot realize, the muct scan Cwhich hos crowned the work, Tho bufldiuga nlarged, fmproved, and fusnislied with loying car {5kt glve Lo gitls £ ] fnor g that {0 Toat "boautifu ‘homg can offer, The admirable corps of teachiers un- e o guldings of tho Tuetor; to whom wo el of Wio succoss of tho échool I8 dup, Tho ever-increaning aumber of seholars, making (i effort 3 euccens Quar- “ally s the well-ordered discipline, tho proper scolu- ion, the gentlo nurture, ho carneat telliioun inflne inco; all these ore making Kemper Hall, within aud Kithout, n noblo_monyment of _tho first Disiop 3¢ Wisconatg,, Nobeltor testtmonsy of all ‘thils. can - he' given than the fact thnt fo the WIITT liaye already quots 1, the Bishop commita'his oaly child, should shy bo Lol 10 achiool, o thie caro af bia well-Uoloved Kompor Thall, Moy God of His goodness proaper it i p g MIRTORY And o that T come (oapealt of thé Tolseopal work, T must orave your kind fnditlgence if I'dwell for a whtilo upon s0mo facta of tho history .of .the Chutch, withant . which I —caiinok. read”, hin lifo, and i, tho light of whick ‘more ' thau an- ‘ordis nary fife, { T gt . ‘Tt was on_thae dth of \May, 007, flint the frst zes corded celebration by & pricat of the Clintuli *of Eng-, Tond took plice i Amorlens: 1L seas ndintnistored by thio Rev, Kobert Hunt, upoutho shore; of tho, Jemea. Titvor, 46 Vicglain, oy 0fty-sic sours by it noted, after iho publication of tho first prayer-book of " tho TReformed Oburch of England, ~ It wa# not nnil)’ the 13tl'of” Novomber, 1784, 17712 yvars aftérwards, thot tho firet Blshop of 'the Amerlean Church wau conse- ersted, ot Aberiléen, fn Scotiond L 1t was oa o dth of Februrcy, 1767, two and a yeara Intor, that Bishops Whilto” ad Fravont wore co secrated at Lambith'by the Archbishop of Canterbuky, Dauring hig Jong. interul -of neasly two years the ‘Aweritan Clhurch was _without a confirmation_or an ordlbationi on ita safl, and without s Bishop, Nay; it is said, that ‘of thoso wlio sdught the pricatly ofica from the mother. country, -oiie in fivo, perlalied by {ho Say. Nor waa thorolacking thd most earnest offorts o {hd partof tho coloulsti Wobtaf Blsbopiucag them, Lottora and memorials supply, for o iwhols, century ut Ieast, n conmected chibl ofenireatiés and oxpostulations of tlib most heart-rending character, **Wo pray Gud,” thoy writo, *to_inapire tle ‘Government Witli coni- ‘pusuon topnrd this country. 1o1hie takiug sway'our re- Drodch amoiigst LG cneimied of $he. Chukch,” sooms the steangest. Ahing i the wiitld,) iey Ay, “and 1t tliotight hiatory ediiot. parallelit; Dhatany. placo whichbas.recolvéd the words of * God” 50 many years should #tiil romain altogetbier ju the wildérness, 26 shoop withicuta shepherd,” 3 *In tho Yoar 1705 & olargymat writes from Ney Ha~ ven, that fear twenty youtg men'went. oni ua Jach- élor of Arta from tha collego, all, ‘o most of hom ‘yould gladly have aceopied Lipincopal ordltiatiod, if ive liad boont #o bappy .8 10 have had .o Dishop' of Anierica,” Nor waa {lils altogether withiout responze from England, , Obaries 11, went sofar us fo cotysent o' tlia appojutmont of » Bishiop in Virginio, ‘Tishops like thogreut Dutler, Bishop Gilison,and Azchbisliop Secker, e Tlahop Berkeloy speit sovent ypben of iy udeavor. o found 3 collége’ii {lie Ber thrco years inRhodo Tefand, 1y for tho' Propagation of “Eplacopn! ordination, it. “Dishiop, and quny podsibly nficmed and ordsined, intll.(hd Gavernment Al this, 100, took place Shew, i tha year 1761, a calelatioy of tho wiskto popu= fation, and of:. the varlous religious’ déuominations on the Coutinant of Aniierics, tranamitted to tho Biskiop of ZLondon, ihiowvd {hat “nestly one-fourth of thio " whole, ut Jeast pomduully; belougod to'tho Clurely of England. Verily, our vanerablo inothor, thia Gliureh of lflnfhl_xd, bound hand:and foot to_the stake, was cprmpellad to freut hor childzen with somiothing’of alétep-dama's art.” .1 tho seventy yours of esptivity, produced such last- i offcet upon the-Jowlsh peaple, might, zipt oue ex- ‘peot that this 170 -0f negleot ap iritainl. destitution might- bave |, produced. . npon. - phe . Amiorlcan | ; an; wonder, at wny Fute,swhon tho political, complicat o that pracoded tho. revalntionary, war. ad: aggravated ‘Hho diRiculticu of-the questiow, that the Tower Lrasch of tho Legisluinro of, Virgiiin, a grect ma)ority, of whom would bave. tormed thenisulves, Eplscopaliohs, should hnve, - thanked eortubia’; Virgindon clergy " for Gaelr wiso and. well-tined_opposfticu (o, thy' port niclous project ' for intro plflu‘. an A\_:uurjm Glohop.7 e Was it -aurprising . thet ‘whew © tho Church of - Bouth - Csrolina ~ gave it . ‘consent 0 tho orgaudzing of tho Church it wys withithe under- standiug that there should be po Bishiap in South Carolina (Uishop While's_Memoirs,. p; 98)3 , In it any wonder that the,first - Tijsliop of Siuth Gurolina mever veutured, it i3 anid, to admiaster the rito of conflr Hon? Was it marvelvous attor all; great aln ds It that - dohn .. Wesloy, - in . tho' year 1784, . forc tho consccrition. . of . Bishop Seabury, should hayo -excisod: 0. himself his ordinition of the two Methodist Buperintendents ou the growid that thoro was no Bishop i North Amoriea? Was it wonderful that tho prayer-book proposcd at guch o time, Lut rojected, should hovo embadicd the Tationuls Isim_nnd - indifferentism, sud lurking Socinnlsm of au evil timo? , Quglit-we to: be surprised that it should have left out -the creed of Univorxsl. Christendom, and -mutilated tho . Apostles’, Creed; 1t should have denfed the graco of Noly bupHam,and, in the interest of . latitudinurisnlsm, cut oif .ffom ils irticlos tha chicf protests agalnst.Romon error, ‘10 men can ba found in our duy to'accept all this, and, intho_ faco of. wondoriug Obristendam, .apparently Imowing_what. thcy are, .doing .in the D of Eyangelical religion, uctuilly. to 3ive up what all Evanpalical mon would ratlior di than fose, is it marveloun-thit tho Ohmych . then” sbould, Tor & bricf epace, - Bavo consldered, what it conaldered snly. to - refect ¥ Nay, 'doea It. not - full - on , us, aot with mirprise, but with. loving gratifude snd themo for Jofticat prafee, that, to-duy, An spito of all this, by the grace of Almighty God, and through Hiin promise, that the gatcs of 1wl ghould not provail sizuinst tho Chureh, from the Atlantio to tuo Paciflo, {lio long:array of Blahopsteud. priests proclaim . 4 the ouc Lord, the ona-Faith, ‘and' the-ope. Buptism,” to iom that sk telr vay {oZion'with thelr faces thither- wurds, . i % . And_yot, though: elghty:niné..years bovo padsed wince 1784, of thé virtward-organizatlon of the Church, it may Le eaid, * Still i¢ is not finisliod,”. .Weo have been worklug nder & dpflolent brgantzation, and with a - herftage, due fo ¢ lieurly - two contunes of cruel nogicét; The - Chureh ' lievaelf, full of tha yoirle of hor Tord, ' by been Striggling -0 bofrec, . 4 .. .- 1tisindeed oaign of the times, my brethrep; that oy, now the Blaliop: of Now. York, with: the genéral approvation -of oburchmon of. Al viows, ins expresiiod thosunso and ueed o o o ,.for Coustifitionul Convention, to consider iho nicrssary changes in the orgunization’of the Olwureh, . . . & Four things the Oliureh in all ages Las deomod riecos~ ¥ary to thu R 5 DISOP'S TRUE WORE AND POSITION, ¥irat, hla sclecton by tho peopla over wlhor Lo 8 to presiilo; second, Lfs due ordipation to the offico ‘of & vy thodo,wlio* ava' tho, Fight to couvey the ift; third, the, proper - rolation betieen® {ho digeésennd tho Bishop, s0 thut ho moy be'n Bhephierd, @ Fother,.n Guide, s Prencher “of Itightoousuess, a Head, ond. s Goyernor; fourl, 'the dut Wubordidation of. the Blshop'to tho ‘ishops of tho provinéo of which e 4 8 membor, thist, should Lo yrova to bo s wolf and not i shepherd, a'tyrant sud 7ot g Head, tho aliecp of. tho flock may’ b prateted, 0f . (heac, the sccond—rnmely, the due ordinution‘and sonsecration—3B ‘necessary to the yeky belng of o, Bishop; the others aro nocessary to tho perfecting of his work; ~Of .te four, thie Armopfan’ Churcly at its orgablzation “fully 'provided for the most iraporiant. Tone, audewit Kome . defects-+for the athcra - ulsg, , .. Theso dofocts, which nnturally resulted , from tho history 1 bave rietly Te- vorded, hava ot vurlas times oooipied -{ho thoughts, und tho carg,and tha Iabors of (e memberaof” tis . .Church, * AtJenst-two of thent are npaken of tn swords of , mingled Bumility and wisdom fu *the lust words of the of tho Protestant Epiacbpal “Chureh 7 by ‘venerable Bishop -White, ono. of , *ihém, . namcly, the . S’ ayslum, | ihe-Diacesd of Wisconslu, tralned thereto by tho wisa | rounsclaof itaoldest and most venerated preabyter, learned fo bellove in‘and.ta loug for. “Tho gee'byitent impilo#, snd . endeavoring to’ éxplotn it, T soll il very words of thy moinarfal udopted by the Dioce: of Wiaconkin in the f‘unl‘ 1808, and_ordgred to'bv pre- sentud to the Genoral Conventlon of. the Clharch which metin fho wutumn of thut year, i tho city of Now, York: ) ] T.v Kot g Diskop lgu_succoasor of tho aposties, s o Bl i T A ough o b tho feaded of (s, Slurch fu svory ouward stof of ulvanco uuil progress, %‘1? ploticar in Our wark of convarsion of the world to 4, That tlio place of fhio Bishop Jadn tho city, as a centre of population, of wealth, of ‘Inteliigence, of all grogress of " doctrie, and propagaiion of 'idens, * And feom tho, clly,. tho momorlal uoes on 'to iy, " 1o Episcopata wia'vamed, The Dishoprics of, Rome, of Corlutl, of Ephosus, nof of Italy, Greces, or ‘Aela Minor, - And In Uio, clt Svas the, Bishop's clurel or catbiedral, (ho snoflier chnirol of fuo. wholo dlocose, and tho BisBo's resfdonco ot tha contro of hia work, 1he very focus of ull Iuffucnees whereby the propoga~ Uonof e, dospel cau bo organized, pashod on, o tacilituteq, " ‘Tho gpeaker thou ‘went on to spply'theso remarks to thio closlug scoucs of Mishop Aruwitage’s 1ifo,, und con- tluded ns follows ¢ ¥ 1 500 o vislon stately falr of the ono Ghurel of God, ailt on tho foutudution of tha Apostlea and Prophets, with Jowus Obrist for ‘Sta chiof oorner-utono, I soo it vine beforeme, . Bullt in ita wollyan ving ntonca aro tho martyrs of God, tho. Blsliops id dooe ‘tore, the poor and unknown, litle children aud visgin Woulh, Wit miny & Llow aiid biting #ouiptiira’ ehch stone 14 Jaid, Now ano and now anothier 38 called tu ko hiy placo, ..tho Biuhop. who Lug_ gono to aia rest, and.you, and I, Unfnished yol, with nefthor sound of Lammor nof nstrument of ateol, in wilenco wondorful it rises siill, Tyt as I gaze the oints of eaxly o elsp thetears biat bl intno cyee or murky clouda that gathor X know not 'whonce, ahul wut tho view ; but re I stralu my weary sighty 101 thn havo 3 % putnatop o thefc offarts 5 B 2, - clowdn aro rifted, ] a Now -)‘nn‘l’lnl&l' 1tkd a beido ndornad for hor huablind; Tho fwo agh blontind futh oo, Tha . gates aro:penrl | tho ptredty gm,mml 3 tho cryatal waters ohidno ; the Treo ofLifo fa Tull:of bealng lesven. ;Thoro, 16, 1o Meor -éontedviray, oOF Bithd w.m(-,htrc%mu misideratan I, o miataken dfvisloi, 'Thero hfo hyiina tiat knuw no discord, woraliip that never cearca, praise 1lnt never ends, shid the Lomb of God to boour Joy and peace for over and ever, 3 “ATtortiirognlav Rorvicen thors wis nmesting |- of tho olorgy and laity, rb which was adopte tha followihg - DIEMORIAL DEULATATION:. . . Thia ,assemolago of churchten of tho Dipceso of Wisconftn,” moptiig nt, tho “enll. of :the " Eeclobiantical atithority, Mésiroto record an expreaston of tho grent losa.wo, Bustaln in the: fecent’ exth of Willlam Ed- mnnd Avmitage, Jato’ Bishopiof this dlocese, ' The Clhurch toulil 1os0 b Inbdrer 'mors ditigent ‘and - nelfs denglug; no _sorvant -hoorlii hi - Master by o mora Holy Hifes: uo tenchor moro sonud it doctrino$ no-pastar wlioss ostd - for hin- fibel was moro tender, ho Bishop mora vigllut fo his Eplss copal oversight, - ‘Hined lio_enme among i o Hever fargot tho’gdlent truat thon askufmed, and noVer censnd to consider ow hio might best exeduto it The’ plnix whigh hio meditated to thoglory of God; o worked out with dovoted enorgy nnd wnfaltering faith. " What ob- | stfcles “cricompasscdl* him, what “tronblea bact Htiin, what griefa svounded lim ho tald to nonc, aud but fov Jmow ; but wonre witnenses hat tho woy ho trod wan ough and uarrow, ond eharp tho-thorna tht plecced hia foct, Yeb,” though “vearied, e wns not disbeartened ; repolied, hedfd ot turn bhok; piuedand sfek aé’ ieart, io took frosh configo: from the oxsmplo of his Savior and again prosecd ‘onyrd . Tio paréd no Inbor.and tio saeritice 3t tlic Ihigddin of his Lord could only béenlarged. -In order tocultivato avery, part of (he broad fiold of which ho wos overseer, hio sOlght to creato n wystem by which such cultivation atioul SEfble. o whiied fiot: oniy {o devolop bt to peopl.s Whilo hio ‘clicouraged the’ parialies Lot algo_ favored . fhe "cathedral, 1o fel, with tho ol Roman, that tho bead yeaw oA needful to_thd 'bed: in tbo oy to'tho Kend, ~ 1fo encouraged, sided, 'an Invigorated the work undertaken for the O hntéeh/tn- a1l | paxts of tho dloscose) at tho saino timo guiding it fn unity of puepusé 1 s commou end, " Not' dtrong in | physleal conatitution, Lo ‘apared bimeelf too ilttle, o gnve 10 hin dutien lils brain, lis heatt, his strength, | bis 1ifo} il that Lie had he pourcd fnto the Tord's | treasury, Mo was nt.- times oppressed by the greatnoss. of. lils -task, oud hia featnres wero: ofton _ ehnded by sadness, In-his latter years tho delicacy of his physical and mental organi~ | zntion * becamo ko ovident an to diveriss to anxious | forebodinga - in:tho minds of fricnds, : 1t improsacd | you tiat tho soul wan frotting, af,tlio- confnoment | Yitbin tuo carthiy tabernnale, - 119 light Fliotio through | i worn - frame, il ybu sgomed (9 discern the mo- tlons of ‘Dis inmopt balng, His,rick; melodlous voles, [ ubt. robust but of great merve. force, enlisnced thia [ affect, and qave fuil oud sympatfietlo expresaion 1o | ovors'thonghit. - A tender- curncaluces sl aplrituel— ! oven solemu—depth ‘of feeling . marked his :pnipit . utterances, and1llied cach word with a thrilling {one, 1ia Was a prrauasivo oloquence. - Noble and dignified, yet. glowsng* Wwith lovo for:men und u.zeal for their welfare which would not be denied, & lucld; sim- plé stylo wae tho it garb for bis_diroct logic: and hin warm appeals, the. pathetic terma eousitively respond. ing to ovory shado of fecling} the enigunnt counte nanee, graven with lincs of core and thought, wonder- ' fally Tiko tho partraita.of tho greatest of Engliah noets, et Boftencd with pwcotnens wo_attributo to -thi fea~ tures of St, Jolm, tho-bolovod Disciple, 'Tho form so fitly adorned in Episcopal robea* will abide in_onr snomorleaand quicken,ua yva recall thiem, tho throbs of our hiearts, until they too shall censo to beat, - In'prle vate life Lie wad greatly beloved, There! wasin bim o peculiar gentlengss, s thonghtful Tegard for ofhiers, o gnial heartlucss. of. Apeoch aud monner, a bright humor, &' quick ‘apprectation, x - wide intelligence, whichimparicd constant and varied charms- to bia gociety, Nnturo bad stamped Lim thoroughly & gen- tleman, and a retined and Christinn traiving threw over thiém the mbntle of itw inost legant graves, " Io | never: spoko: disconrteous .words, and towards him rudenesa; would- have. been brutal. Among his wells eloved' friends, in the warmth of intimatesocial in~ tarcourse, how did- his” eoul ~open_ aud -expand; how dii bis kindly heart, Dis ° fnteloct, " koen and_wellduformed, pour .out their trenaures, do- [ lighting and .enrlching sl ‘hearers, ‘ani,.'his exprergive .cauntenanca -radiate the pleasure kindling withinlin soul, At such {imes lie was cheerful, ane gulna;inspiced, snd Lis exhilrating {one dispinyed aud jmparted L0 others courage ueeded for long Jabors ond * muny triale; - An esteered ” clizon, n falthful Isborer, wiw honored - Blshop, our.dear ‘friend, s pure soul.' tender’ und trus, hug, gono from us. Mo is re- lleved from duty - resttug rom Lis Iabors, he dwells in the peace of God,: -Wa do nmot. morrow without iope, Tt us wipe nway the tears for our loss, for'it {i bis ygaisy, * Let us, indeed, cinbalin * that sacred $maga in our bearta; urid Tollow, as-best we may, :that sterling exanple, We shall pay to him thie most liting houors, thoss wiiich he wonid . have chosen, if. wo’ go on withi bt work, If wo wall after the Gospel which ho taught in golden 'worts and ndoried by o lioly Tife. - “'OLOSING PROCEEDINGE. Aftor tha momoriol declarit(on, the' memorial minute'of the yarious Episcopal sociotics {n the United Stated were read,“snd tho congregation disporsed, The assombingo was tho Inrgest and niost fashioniblo seon within-the walls of ‘the Onthiedral foryears, *. -« ' TIE ELECTION. Opinions .as t6 tho result of "tho_election are guarded, It 1s geaerally supposed that the clor- fiy will vote almost as & unit for Dr. Da Koven, ut that the Iay -'delegates, who num- lier “tlires” {0 “'every ~ clefgyiman, ' are divided; infny of ‘them beivg-strongly weddod to ho iden that the Bisliop giould cono from’ tho East, which hns diacose, done go much” o, build up this THE' NEW -GAS-WORKS. | Yesterday'a Post and Mail contains thefollow- ing deseription of the new grs-works to,be erect- ed by the South Side Company, on Cologne streot, near the canal, contracts for a portion of which will b let next wook. . * On the oust end of the Cologuo strest froperty abrick and. iron buildiog, 275 feet loug and 70 feot wide, will -ba ' erected tho® prosont year. Utder ' thip' large “strncturs will bo' the iashor and’. condenger-rooms, lime-toom, purifying- house, moter-room, and ofiice. ‘Adjolmng this building, snd - extonding from oast to west, 'thore’ will . ‘be :oonetructed a rotort- houee of* brick, iron, aud slnte; 600°feek long by' (0 feet . wide, It ywill’ contain room enough for'144 Lehches, each containing five and pos- sibly six rotorts, . Ab prosont forty-eight beheh- ea'will bo built, capablo of menufacturing 1,000, 000 cnibic foot of g8 por -la!?-. In the year of tho tort-hotiso, a buildiug 123 feet long by 40 wide Will'bé conistrictéd,-and cootein-the boifor-room, exhnuster-room, and * machiue “and, blackbrhith shops. The rotort-houo 1§ 80" foot “back of Oologne strcot, aud the gpacd thus left in front will be usod -for tho:storage of coal in ' sheds, ‘which'will bo reached- by a ruliroad-track, -Conl will be _yarded on the rivor - frontage, in s spaco 196 by 690 feet. ™ AR the buildings will bo'con- structed in_firat-clnss. siyle, nnd the proporty about them impro Wion thé gu 14 inado in’ the now works, and after passing thwough the various courses: of. purification, it will pass ‘through n 24-inch muin, for the distanco of n mile; to thie gas-holder to bo' conatructed on tha! “corner of Haletod: ‘and Thirty-first ' ‘streoty, ' At! Bmacut but one of four of theso gasholders will, o built, hut that one, will' have capacily for 1,000,000 cubic feet of gas, The Im‘(icnl holder now in use in this city hos capecity Tor 600,000 {feet, ~Excavations aro slreddy iu - progress for the tunle Which ja to ‘conmin the lolder. The foruér 16'to be "30 “feet 'decp and 168, feot in diamotor, The wall will be of brick, four feot {hick st tho bottom aud tapering gradually as it -asconds. Tho bottom of the tank will bo ce- mentedl, unlpss's'good bed of clay eun bo found,, in order to make it ywater<tight, : " In the.tank a toléscopic gasholdor, 60 feot high by 150 in diameter, Will be placed, constyucted of wronght - iron, wille irou coluwins, ofo, ' This -holder witl bo tho receptncle for the gns, and is dosigned to givo® the necessary pressuro.’ Tho “Tonnibllity of enclosing the tank und holder in o largo building, to protoct it from cold ‘arid, ‘stornly_westher, 18 now belng considered, und' ‘Mr. I P.- Burtis, the Superintendout of the Company, bns gone to Albnny to make inquirics .and observations concerning tho matter. Lho tank and holder will eoat §100,000. > . From tho holder tho' gas swill bo distrihutod thraugh o 80-inch main, oxtending nlong [Thirty- fivst utrect to b Michigan nvonne connections, n--milo ‘distant, - Ab_presont. tho Company’s works on tho Nerth Side are. so far from the South Bide that the lowor portions.of the latter section cannot have that prossure whioh the naw waorke will give, and which it is the desire of the Company to uu]fl»ly. 1 - ne work ou the now lnmdlns,vs which hec- essarily require n vast amaunt ol domu in their ‘'coustruction, will be so far completed by Octo- ber next as to permit ot the supply of 1,000,000 cubio fcet of gus per day. A Falge Report. In speaking of the late fire in Cleveliud, Ohio, we notico thut several of tho ‘papors of that and ofher citles “have “mlated that the Tenn Fire Inuur- anco Company of Philadelphia was a loser to the ox- font of §45,000. -Measr, Grorga T, Treadway & Co,, tho agents of that popular Cowpany, haud s the for- lowing lottor from the Lhows otice, which completely Tofuien this falso watetion * Insunanor Oa.,} “QFFIOR OF P L, Pa,, Pobi'0, 1474, Mesars, Georye I, Treaiticay (€ Cout Gk -We notico that omo wiko exponent. of thio Bourd cnwponies s roported that the Foun sustafucd w 1oy of $35,000 In tho late firo In Olevolaud, “In placo of Joninis 55,1008 fuliely veported, the Penn did not {ose a doltur In that fire, * Yaurs respectfully, ] .. M. Rusm WAnNER, General Minager,” Wa'need only add to this positive refutation (liat had thio Penn sustained tho losy clalncd by 'Lier enomion, 1t would Juva beon proniplly pald withoiit i any way ot feoting her pecfect wolvenoy, Vb lawt steloment ady, Jan, 1, 1874, sliowed availublo ausots of over $400,000, TR e Pnoiflo Hotel Bnll, 4 Copaptenons nuiong tho costittnoy ut thoTucklo Totel mll, last ovening, woro govoryl which from their uninjio beatity pnd ardlstio'inish appered to lisvo bign recent mporlatious from Worth or Pingant, 1t yaw itk much surpeivo thiat wo jearned (hey- wero from thouteller of Bhornloy, who pus really proved hinusclt tho Worth of Ohicsgo, 4 and from heaven desconiding comes | . 'WISCONSIN. Iatures ¢ Bills to Regulaté Charges. "’ Argument of i, Ghiongo & Norihwest-; b e Rallroad. Injufl&usl ,iu‘nl I_Jn_ju_f_it: Effects of! . Pro-Rute Bills, ; Tho following. Arglunout was « yestotday rond: boforo tho Judicinry Committeoof tho Wisconsin Assombly by-J. W Midgley, Esq., on ‘bobalt of' tho Oliengo & Northwontorn Railway ‘Company. |, Laving speclnl roforonice to ' the; Hondorson pro-' ratn bill now ponding: ' . i Yy T the. Lonorable, the Sennte and Assembly of the State! of Wisconstns. . ., .On bobalf .of the. Chicago, &' Northwestorn Railwny Company, X respoctfully submit a.,fow cousiderations why: tho. sovoral::bills- affeoting railropds, and particalarly Assombly bill No,. 20, To Regulate Railroads in the Stite of Wiscon- &in, should.not becomo'nw: - ‘The disposition to,regulato railroads: is not o} now manifostation, 1t bogan-with the inception | of the systom. ‘Fhrough- sll the years interven-, ing, whorever railronds have beon -run, Legisla- tivo control ling boon variously nttempted. Tho ablost minds fii Turopd wud Amorlia Duve valnly wrestled with the problom ; and, in the.light of univoraal failure, it cau, bo demonstrated that o rigid formulw -would ‘compel tho. railronds ‘oft~ timea todarry-at :absoluto -loas, while (it'would also pracludo their oxerclsing - that discrotion in rateh demandod by 'tho fluctuations of * trado, which is an csuentisl elomont of commiorcial law, i o BQUAL MILEAGE TATES, L The . principie of . charging for - each-olass_of: passengers and froight in l)rup.urtkm to the dis-* tauce carried sbunds very plansiblo; but a Seleot Conifnitteo of tho British Larliamont, atter thor- oughly investigating tha'quéstion, 8o recantly oa ! 1nst year, camo to- the doliborate conclusion that: *to” impose oqual - mileage on- tho companies’ would bo to doprive-the publioof the benefit- of much of tho competition which now exists, or bns oxigted ; to raiso tho-charged in - many coges whéro the companics uoty flud it to theéir intorest' to lower them’; nud ‘to. perpétunto monopoly in, carringe, trade’ and manufacbure, in favor of: those routes and plnces which aro nearest orloast expensive, whoro tho varying cliarges of the' companies now:croate ‘conipatition. ® i 4 And it will bo found thut the supporters of equal miloago, shen' ‘pressed, often mean, not that tho rates thoy themsolyes pay.aro too high, but that tho rates that others pay aro too . low, Pressed by.theeo diflicultics, ' tho - propokors - of oqual-miletgo bayo -admitted that there must bo 1jumerons oxcoptious, e. g., whero thore 18 water: comipetition ; whoro lower ratos for long dis- tances Will bring o pmmi or where “the' article cnnliPd ot o low rate s » nccossity, such as coal," : “11¢-1s senreely necessary to observe,” continito tlio Committee, ** that such oxcoptions as these, whilo {nadequate to moet all* tho various cascs, desttoy tho vatuc of equal miloufza us a principlo,, arl_fl’m posibility of applying it s a goneral rule,” * : - RS - Ohio hns particularly distiuguished: herself in special ‘ennctments, With what succees may bo inforred from tho Stato Itailrond Commissioner's Teport in'1870, 'Speaking of tho nino differ- out’ tarifl ~ prescribed ‘for the' transportation of pneaaufigrs and freight,. he pronounces theso intended bouofity ¢ the most fraitful source of complaint;” and,: of-ouo exlisting law e ro- marked thatits sirict enforcement would ‘‘ oblige .somo coripauies ultimatoly to'suspend business, proliibit tho. trasportation of cortain - nrticles by rail, or compol their transportution bolow nctual cost,” +-JUST DIRORIMINATION, Tho propased bill L6 régulnte- railroads vould ‘probibic " just ‘dikcrimination. irvitmstances und conditions daily difeo” under which It i8 em- Jughitly faix toall fliet diserimination sliculd ‘bo nllowed. Tho man who ‘buys .o bale of- oloth gots it ot o choapor rate thautho man who buysa yard. If this recognized priueiplo is ‘sonnd, should it not equally apply “to trausportstion ? The mnn who-slups & train-load of freight is cor- tainly entitled to a lower rate. than tho man who moroly offers n car-load, provided the distance .carried 18 the same, . -Wore' tho: full cargo -des- tined to a point ouly threo or four miles distant, ‘nnd the cur-load 300 miles, 116 cino would ba differont, because, transportation “can bo con- ucted 100 iniles mich " cheaper, per milo, than for ‘tan miles, provided afl other things aro equal, ] o 'Ilio farther * west Wo g0, tho lees- travel and freighting is_seen, ! For tha:fimst twonty-tive miles out’of Milwaukee, “the passongor-cars ‘of the St. Paul Company aro crowded 5 thereafter, tho paseongers ~thinont, and cars “are drnppm] off, - But the cost of Lhaulibg ' the ‘Hghter traivy, per mile, in only's triflo leew'thian on tho heavy “runa Yet” the proposed bill'would conipel railway companies 10 enrry passongors ub thio snme prico on branches of their -rond whoro -thera is seldom one car lond, nover moro thaw two, aa upon-their main or through lines, where, on acegunt of there being more- pussengers, they can well be carried At less'cost pgr passenger, I'hje would foico the couipanies to "extort [rom main line: pansengors - compoensntion : for work done for bianch line patrous. -Rofgronce is frequontly medo to the two conts Pnrmilp ‘rato on tho New York' Contral Railroad. ‘Tiriit linie is dotted with populous citios ity entire longth, which yiold {£such an’ ¢normous” thaflic that it can bottor afford to, take passongors at °} its low figura’than' any-“Wisconéin - Railrond can at doublo tho- rate. * Bimilar conditions enablo leading Western roads to -varry passengers at “Jess cost on theirmmu lines -than ‘upon their branches. 4 Should this. bill, becomo law, .the compnnies will be obliged to run a lees number _of traius on their brauch roads,-and thus iucommode thoe public 3 for,.it is plain, peoplo must go_without what they will not pay for., B ADVANTAGES OF DISGRIMINATION, Sec. 3 declaves it _unjustifinble to discriminato on accoutit of any competition’ whateyer, Bup- poxo the rate on grain Trom Spartn to Milwiukeo 1n 15 crits por bushol, thit 4 éenta por buskel is tho profit over aud aboye, the actual oxpoiide of “trausporting thn‘firum‘ and that this amount is only just ouough to pay o reasongble roturn’ upon tho Company's investment. - Furthor west, ou the samo line, at LuCrosxo, thiere is a power- ful competitor—tho DMlississippi River—upon whicl Inmber aud grain are flouted to 8t, Loyis, ‘The river fixes the rato nt which' transportation’ 6 dono. Having no expeusive track to maintsin; tho stesmbonts, with their capscions barges, . ‘can. movo -choapor than any, rufl- rond can, but. not.so cheap ny to lewve no “profit' whatever ‘to the ‘railroad “if it “carries -froight at the-rate thus fixed Dy tho river. “Iy it not ‘clearly battor for the peoplo of Bpartn, ok sy infermediataatation,” that the Company should take the produce and meichandise from ZinCrosuo to dlilivnukes at o profit of 1 ‘cont, .or ovon 3¢ cont por bushel E(J)m\'ifll.'ll that is the Inrgost profit tho rato fixed by tho river will al- low),und thus bo enabled to do tho local traffia = frifle oheapor than it ¢could otherwise, wore Llio wholo burdon of paying the intorost on tlic dost of tha rond thrown upon the lovel businoss? Were all the business ‘1o bo done on the low Dbasis of the river rates, tho railroads could not be maintained ; nor wounld any ono have heen rash ouongh to build thom had they axpected to do all at the river prico, "It was just Lecause thiero way no navigable river-running acrops the Stato 5 that it wus rlmost unoccupied until tho railronds wero built, 1f the companics ure not to bo'permitted to get froni tho' river businoss what proflt thoy can, undor existing circumstaicos, thore seems no othor wuy than to forego it, mnd lot tho locnl tarlfl pay all tho expenses of thorond, This may ovokio tho. quory: * How i it, if you can uiford to do A purticular item of businoss ab n low rata, you cnnnot afford ' to do all ut the sama prico?” " Precisoly for tho sume ronson thut a Iarnier cannat ffford to have s bad erop on eyer y nere of ki laud,. though it would not weriously uffoct him to himve n bad erop_on ouo acre, if tliero wero many noros'of good crops ; and he would generally” profor to have a bad erop on tho ono acre rathor than have no crop at all. UNIFOUM RATES—ITEMS OF EXPENSE. "Tho pro ruta plen wholly ignores the question of spoed, which is tho casonco of exponso,. ‘Lho nilmittod rulo I, thut tho cost of transportation ingrensen an tho squave of the velocity. " I'hus, o spood of ten miles.por hour would “hu'equul to 10v, twvonty oqual to 100, and fitty oqual to 2,600, Tu.ull mepsures nitherto proposad, this uuu'hhu,' difforence in the cosk of woving traiuk, heing a8 10 to 4 betwoen sn oxpross and au uccommodu- thon tray, has heen wholly ignored, perhaps neyer leuu‘;ht of, e Lho justico of tho vital princlple was reoog- nized jn, s spcelal ack of tho British Parllnmont, ouo aeetion of whieh provides ' that 1y shull bo luwful for-the Company to charge any swm thoy think fit in respect of tho carriage of paeson< gory vonvoyed by flmb-clnxq truiqp lxmplu(q_d to | notno, 1 !} chiovaoter:.oftho. route,, If fucl fu nbupdaot, ST A P “otho “Raflway Question fn fito" Logts: | XTI OO O U DT T TN O IV, W LDINES DA Y TEBRUARY 11, 1874, travel at a'spood not being less that twouty-five miles nii houry fucluding sloppages.” Motiye ‘mwnrln buotliér lending ftem of ox- ‘Uhig I8 Inrgely dopondont upon ‘tho “thts oporating cXjzonnes aro corronpondingly Yob duced, But if, 08 -in tho cago of this Compnny, thoro Ara no cont mincs and fow availablo forents within reach of its lings, tho cout -per-milo “run, iislargely “ insreaned; “and should Em considered -in adjusting-tho ratos: -All the oonl tonsumed by {hia' Company' in - Wikedn- .sin._comos ..from._Illinol t .costs. $8,00.. Lo 843,70 per ton, delivered In that Btato, toj which must be added” tho expeneo of hauling: it to tha varloug n))rl dopots, . Whon b is; considered” {hat oral {llluulu ronds pay only ; &L1.60 per ton for coal, aud that the item for fucl | conslitulos 20 per-cont-of ‘the operating ox-} poukes, this heavy difforence agaipat Wiscousin | Fands oughit 1o 1 takon iuto agebnut, Dt thoi Bill winter consldaration docs not " recognlzo the, .| slightost differonco in tho rolative cost of oper-| ating virloud parts of the samo.rallfond. Upon, souo divisions of tha Northwostorn load wood! costs tho Company: §260 por cord, and upon, othors, 20 por cord; while iu Minnesotn tho, prices rango a8 bigh..ns 86,60 por ton for conl, and £2.60 1o 3,76 por cord for wood. i ~ Tiils CUBT DECREAUES A8 NUSINESH INUREASRY, ’Homo ronuy, liké our Madison Extension, Linvo hoavy chndou,‘ up.which.ougives of- the Inrgest capacify - cahnot hdul moré thon-ten or fifteen cars ot & timo, whilo the samo engines, on tho. other lines, could cusily :draw fifty or uixly car londs. ‘Tho conditions in this caso oro the same! s in teaming, -Every -farmor kuows tho roln- tive difforenco botween hauling u henvily-loaded wagon ipon & smootl, lave) turnplke, and upon & rough, hilly road, Another fundamental principla of cheap trans- portation’ is, that eXpenscs aro’ lessened as tho, volume of frelghy inctonsos. o forward o singlo letter, by specirl'messongor, to California, would cost hundrods of dollars ; but, deposited iu tho Government mails, $-conts pays for its transpot= tation, Wuig choap servico iy possiblo, beeattso, ‘simultaneously, s like:sorvice- is”parformed’ for thousands of othier yatrons, Freight transporta- tion ia wubjcct to: tho sambo 'law, { Doon.any ouo. muwmwr bedauso the Governmont carrices ouo mau's lettor to San Lrancisco*for 8 conts, whilo: anothor js charged ns much for lotter eargied four or fivo milos ? What matters it Low choap ouo man's lottor ia carried, so long a8 mino js; dalen bt a-réasonablo- rato? And,: if'j tho rile; Hiolds good in'rojinrd (6 lottors, why shonld it not! apply 0 praperty , transportation, ‘which is sub-: jectto tho samo law? . DISTANCE A8 A CONTROLLING PRINOCIPLE. Tho outcrics agninst discrimination grow out of tho popular orror-that- diutance s tho only controlling clement in adjustipg toriffs, This bubblo of discontént. was pricked yoars ago in Eufopo, The 'Brilish Patliament disposed of it in tho Railway. Clanses Cousolidation act, by declaring it expedient tinb tho ruilway companies should bo -ouabled - to vary the tolls upou the railways o ny to accommoadalo thom 1o the clreunstanees of tho araflic; nud pro- notiticed it lawful for the companies ** from time- to timo to- altor, or vary the (oils, éither upon the wholo or _any particular portions of their railways, ad thoy.sbiall think fit.” ''he peoplo still harboring tho belief that unequal rates wero unreasonnble, a Royal' Cominission, in 1867, ins' vostigated tho -subject -innllite ~beariugs, aud reported that * inequality of chargo in respect of. distanco, besides bolug o necossary cousgs “quonco of compotition, i an estential element intho cartying' trado; thut s to say, tho prin- ciple whicl governé ‘s railway compauy in fixing. the rato is; thnt of ¢roating a traflio by charging such & sum for conveyhneo as will induce- tho produco of ono.distriot to compato with auothor *in .. o.- common - mnrkot.” And thoy - dis- -misged _ the * suggestions of Interforenco by adding, *'Iho conditions -under ,which such ratos aro grauted pre o numorqus thnt 20 special law could be framed lo yegulalo them.” ‘Lhoir comprehonsive viow of the quoys .tion was suslajbed by .the Court of Common Plons; which'distinotly recognized tho right of n company to charge unequal rates, In the caso of ILiansome v. Eastern .Counties Kailtways, the Court held that & company may charge differcnt rates for. trutsportation whero thio oxponses thorcof are difforent; and, tho Commiation ro- |_marked, in citing this dccieion, **As tho oxpenso of starting a train is tho sume fora largo orsmall distanco, this may be fairly taken into’ account, and justify an inoquality'in the rates of carrlage botween differont pluces.” i T'o lond a freight car consumes an averaga of tiwenty-four liours, and to unload it and get it info usa ugniu n corresponaing period, Froight | trains usually run about ten miles an :hour, - fu- cluding atops, aud n cor carries -nboput ten tons of freight, bupposo tho 1atoto bo ‘2 conts per ton por mile, if tho'car is'lo be moved only ton miles, tho timoe consumed would' bs forty-nina Lotirs, and the compensation for sorvice 33, or 96 cents por doy. But, wora the car sent on o continuous run of 1,000 n:los, at -tho samo rato, it would occupy 148 hour, nud would yiold the company - $82.60 per ' day. If each local station” could’ make up s ' traln of freight, "ghe ko might bo, difforont; but- el conditions are possible oty &t tormuel points. - For instunco, \atertown ‘is suneh nearer Milwaukee than is Praiviedu Chipn,; aud would, apparently, bo entitled to much Dotter rated, Yot its business costs & mero iri- flo'less. Tho train of, emply cars loaves MMil- weiikeo, the required numberare dropped off at Watertown and other way stations,. -and, . at Tgairio du Chien, tho yotora trip is commenced, upon which tho cars lot -off to be loaded nre .pieked up. ' Meantimo, “theeo cars have boon motionless, during which Lime they'hdive earned nothivg ; and, a8 cars ourn money ouly when in . motion, o readonable 1nto, to sure a profitable return, must bo snfliciently large to balanco tho unemployed time, THE OURRENT OF LUSINGSS MAINLY IN ONE DI~ * TECTION. The fixing of ratos must .neeessarily be o mat- ter of judgment with -tho :management of tho road,.and 18 largely modified by tho amount of actunl car capaeity used. ‘Cho West being the producing eaction, ' the current of the enstward botind traflic Inrgely excocds that ranning in the opposite diroction, and it .sots most hoavily east- ward when the return flow.is tho slightest, Dur- ing the.month of December last, the number of loaded cars Lransported south-oastward, over this Compnny's Madison Division, was 5,673, and . eniptics, none ; whils, in’ the opposite dircction, the number of londed caru was 1,802, und emp-~ Lies, 4,814, This" disproportion is not“confined to any partioulsr period, Tho relative tonnago ewrried over ‘the Missiuslppi River bridge, ut Clinton, durlug the year 1879, was esstward, 880,808 tons, sud westiward,-94,603, “Llie earning trafiic is thus matnly in one direc- tion; yet, in ordor to carn at all, the ¢cars niust bo roturned ta be relonded. If -theso cnra ara roturned omply, it is & loss that tho freight ,car- ried must make up, Any income, thoreforo, dorivable from thoe uee of these' roturn cnrs, I8 advantageous, even though they take froight at u rato much Lelow than is chuiged ju” the “oppo- gite direction: ‘Lhe best sate obtuinuble, under the circurstances, Is fair aud reasonablo, ‘'Lho Justico of this proposition it 80 ovident, that, i 2 roport of the oporation of railways ' in Franco, sibmittod " by the Assistant Sccrotary of the Dritish Dopartment of tho Board of Trade, thio Tallowing portinont oforonco ismade: “'Tha question of differontinl ratos lay, in formor times, - been mnch debated and opposed in TFravce; but it is now so gonerally recoguized and adopted as to bo boyond the rangeof digeussion. No ono would, at the presout mo- mont, seriously entortain n proposal (o enforco oqual mileege ratos throughout the country,” NEUESHITY OF FLEXINLE TARIFES, Eatabliehed lines aro pomotimes compelled, by sound policy, to Liold- their basinoss by doing it at a positiva loss for a timo, trusting to the fu- ture for remmnerntion,’ Such o contingoncy arose in tho early summier of 1869, on the Uppar Misuiesippi. A vawerfulcombinution endenvored to divert tho vast whont trado from Milwaukeo and Chicago to 5t, Lows and New Orleaus. ' Ilor o shott timo whieat was carried ncross tho Biate ‘otloss than cost, Tho comblnition wau do- foated, aud "the businoss resumed its formor uniform* chaunol, 1nd the_bill under ndvise- ment then hoen law, the Wisconsiu ruilwuys could not have held the trafiic, ahd it must have hoen diverted down tho river, boyond tho reach of tha proscription roited in Sce. 8, linos 27-46, which expressly prohibits such action, aud on- [forces thie probibition” by penulties go large that vielution would bankrupt the offending corporn- on, What would havo then resultod, had this bill been law, would be certain to follow its parsage; Tho attempt to divert the trafile would ba ro- newed, and tho railway companies would he pn\\'clfouu to rosiut it, I thoy should lower their raten to tho competitivo figure, thoy would bo compellad to adjust their local rates in propors tion. This thoy conld not do and live,: They wonld, of nacossity, bo abliged quietly to seo the ningnilicont trado’ of tho' Upper Mississippl Valloy. puss b{ Wisconsin, down tho riyer, and ook tho Atiautic viw tho Gulf, ' whather such s result would be desirablo for tho Btate, or henpflefal to any one of its citizons, TLAHONALLE BATES. . o Every rallroad Is worth what it would cost to repluce it and, upon that valuation, tho com- puny uro ontitled Lo o fair return, In spureely sottled localition thin might esteblish rates dcomed oxorbitant, Yob, ik not 'n fack too .often Yast sight cf, that it co: 43 na uch to con- stract u rullrond poross nnsw berritory py through . dengely populsied diwiriob? * It may cost moro. iron, muterial, und supplies ‘having to bo carriu wmuch fu:thor, 8o long as tho olisrgos aro guch na-to rondor mnuFurtntlon Ly rail. proferablo to \any othor inodo, they nte -advatlagcous . to *the ,procige. oxtont of. tho roductibn’ mado. This ‘ulmura hot, liowover,, gango tha' “reduetlony ‘T , should be'sb mych loss. than tho'cost df tonml o8 o fair'roturn upon tho fhvestmont (and ox- ‘penso. of maintenance will allow. It follows, horofore, thint tho greator tho volumo of business ot romunorative rates tho chonper can an |-prntion b donos “Xf sy oo i aeward-SXTaly- rates.nre:too high) tho liverty to compoto ia un- “routrlcled.” There 16 no_monopoly of the right -to.construot - railronds, . Whon -Prugsla's railway Byston way lnnugl,\x'nted,.lhu rallvonds svaro guar- Bnteed: {mmunity- from compotition for thirly yanra after their conitruction, | ‘Wero o dead lovel of ralos possiblo, tho mana-; Enru who have long striven to discover tho just nnls wonld not have woited for logisiators to: compol thom, but would havo engerly Hoizod: upun tho pro ratn rulo if that offored a solution ' of tho porploxing problem. It 18 simply be-: onuso the cast-iron plan iu inoperativo that moen of oxperioneo, with ability_to wateh the eqnrge of trade and foronce tho countiy's demands, aro, intrustod with the manngoment of, the rallways. NAILROADS ENTITLED, TO A PAIN RETURN. Tt is conceddd that gvery, ratlroa: Rhonld.bo so managed a8 to éarh oXpenses, ropairs, ronewals, equipment, rend:-adogualo - remuncration upon the investmorit, -'This result: is bheneficial aliko to thoe patrons -und, .tho sfockholders, Jointly. ‘they reap:the advautages’ of & good, well-man- aget rond: BRI Byl f Applylng theso truths, Ii\m .you,, to_lnquire wlm’i};nfl 6 Chicago & [Northwestorn, Railway, Cpmfinuy hos recoived more than o fair roturn for tha eapita) notnally mvested: in lts conatruc- ‘tion, /I'ho Company's oporations ,extoud acrpes five States nud into ono Territory, As an illus- tration, by no meana ‘tho worst thab conld bo cited,I annox.n statoment,of-the cost,.ennings, and lxpununn of -tho ‘Company'a Wiscongin Di. _vlsion, oxtending, from Chicago to Ilenvmones, nnd Rocleford to Konosha : Cont of rond ‘to May 31) 1874 5, stniction 885,220,01 o + Earnings— Year ending May 51, 1805, Year onding May. 91, 1800, Yeur ending Moy 3f, 1607 Yeat énding MAy 31, 1868, Year ending May i1, 180 3, Year endiug May 31, 18 A, B15. Year ending Moy 31, 1871, 611,678,617, Year endiug day 31, 18 3,047,341.31 Year ending May 31, 1873, 4,181,370,01 $20,816,043,90 Operating Expenses— Year cnding May 91, 1865..,.81,080,213,08 Year ending May. 31, 1810, .., "1,72,185.44 ar ending Moy 31, 107,70 2,200,068.40 Year ending Moy 1, 1808, .., 2,000,174.08 Year ending May 31, 1809, 21,876,004,48 Xear ending May 31, 1870, 070,071,600 Year ending May 31, 187100 1,687,640.01 Year onding May U1, 1872.... 1,021,848.00 Year ending May 31, 1870, ., 2,316,012,56 i - o $17,552,011,43 Intercst on Bonds— B Year ending May 31, 1863, Year ending By 31, 1800 Yoar endiug Moy 31, 1807, Yonr ending May 31, 1608, Year ending Muy 31, 1869, Yeur ending Diay 31, 1870, Yoar ending May 31, 1871 Yenr endiug Moy 31, 181 Year ending Moy 81, 157 Earnings aver, operating expensos., ,.$ 4,610,089.08, From this statormont it will be scen:that, do- ducting.the operating expeuses .from the oarn- fugs, tho rond hog not carned 7.por cent aniite fivet’ cost, irrcspective’ of the-,84,615,033,10 exponded on construction and egnipmont': sinca l\lni, 1864, - It rovenls-‘tho further siguificant “tact, that, although ovorilfty.miles of rond have been added to tho division, .making'it-a contiu- uous.through hne to Lake Superior, it has not earned a8 much auy subsequent year as it did in Has any que but the stockholders ronson ta complnin - of * tho” rates that produce such o showibg ? % 58 Thé: Company Las * expended, : since, Juna 1, 1870, In the ‘construction :of now lings in the Stato of Wisconsin, abont,$9,000,000, - Ihis yust ontlay has hoen mnde without any increaso whate over in its cnpital stock. MIMREPRESENTATIONS ABOUT ETOCK. In viow of tho gross misropresentutions car- ront rogarding tho-Company's stock, I appond an officiul statement wmndo” by the Genoral So- licitor, in 1870: - g ¥ - Tta stock Yaa pover been “watered ™" eingle dollar, Nob a ehuro of fock has over boen' epued - (Lot did not Tepresont . moucy - used .in ity construction or cuip- fueit, of i the” purcliao ol somo ortious of iis ines, : g .- The pregent Company. was'tormed Dy tha orgaplzs. {iom Dr (g Ik cliusies of tho, o1 Oy Sbe X, at . foreclbaurs ‘salo under its first mortgago, Thot #als ook away all tholegal rights of stockliolders of 1liat ompany, na-well - s of * the unsecured creditora und second mortgnge bondliolders, Buf, by on exer- clso of good jndgmont nnd_goneroeity on the part of 2Mr, Ogden,—tho great foundcr of tho. cutorprisc,—ns Taro u8 it wou fur-rocing ond wise, wl theso partics recelved common etock I {ho, now Company i cx- change- for ‘their old stock- and debts, at 60 snd 70 conts on the dollar, The Lokders of tho st morlgago recelved: preferred slock, ‘ab “pur,’.in {ho - naw Company, * For tliree years' the new ' Company wero comyalled to fund the coupons on thelr first mortgage, -not.carning enotgh ;to puy thelr interest, -No divi~ dends were declared until 1864, - Tho Compauy pur- chaved the Galeun-& Chicago Unon Raflroud, thie B, & LI, I, the K& IR, K, the O~k K; Ry, and the B, It, R, of Michigan.” Thoy paid Zor them in 792,110 of stock Lias’ been fssued ua ‘and divided among the stocklioldors, ients but o portion of tho net earn. ings, token out-and expended in coustruction and cquipment. It veprésented monoy actually expended ‘upon -the - proporty, **Tts: -wholo capital siock’ is *$14,201,300,00, “"Upon this stockhns been pald'tho fol- Towing divid 2 oSl s In 1364, 3/ per coit'on preforred stock, . 1n 1805; 34 per cont orl preferred, {n atock, - In 1660, 7 per cent on preferred, i stock, In 1867, none,* . Tu 1608, 10 per cont in stock, on both stocks, 1n 1809, 10 por cent on prefetred, and 9 per cont on common,” R . No dividends hed been paid prior to 1864, "although portions of its line have becn opeiated since 1835, In all theso yoars, counting the! stock dividends as cauh, nt'thelrpr vulue, this_proporty - has paid 84 pec ceutln divideuds, or.lzs than @ per.cent u yoar since i CONBTANT. DECREASH OF+ BATES. ot The common- assertion that ratos’have heen stendily incronsed :throughout tlio'Weet is-un- truo, ‘Cho tondency hos beon continunlly down? ward, a8 the following tabulsr statemont of tha avorugo eamnings per ton, por mile, will show: | & &N 1, B E . S, & Iy, (MCRRL Q. Ly, |MLS, Ry, 313-100 { 3 46-100 7 3 20-100; | 4 43-100 . 4 9-100 [ 8 “1-100'| 3 94-200 1 60-100 1-100 | 1 39-100 2 51-100. [ 1 66-100 | 3 19-100 | 1 47-100 4 45-100 | 1 67-100 | 3-18-1 : “itecords for 18G9 _dcatroyed in Ghicago ro and caunot bo reproduced;- - £ e - Iho sbove- figures; hesides, refuting tha popus lar oharge;that railyny companies:selfiehly dos ‘mond. oxtortionate. rates agaiust publie mtecost, oalnblish the fuct that their polioy bns boen ta roduco rates’ as rapidly as-the maintensnco of their pro\:,nrty would “allow, despito. the vory considerablo incroase of taxulion in mosat of.tha Wostern Slatos, and. tho ‘constant incroare in, tho prieo of labor, muterlal, and every item which onters inbo tho operating oxponscs. | Although tho carnings per ton-per mila. are larger on .tho-two Western ronds:.quoted, “th enrnings per mile entiroly roverso the bliowing, I bog the Legislature calmly - to eonsider | On tho Boston & Albauy Riailrond, last fiuu, tho enrnings per milo-woro £35,661.88, whilo thiy Camppuy averaged losa. than £7,000 per . mile; Tho Doston & -Providence Railrand earned durq ing 1879, $47,081,74! por mile, while there urg lines in this State whose gross oarnings por milg Lall below. 6,000, LOWKIL RATES THAN IN EUROLE, ° Bimilne inaceuracics ‘provail *rogarding the coinpayison .of rajes in. Buropo nud . Amerion, Telgiuin is cited ay the cheap model, Yot David A Wells, who'has" just yoturned from an.ox- tonded foralgn. tour in__quest "of Informution says. * Recont cxamiyntion has showu ‘that it we compare the cost.of moving o ton of frelght upon tho Bolilum .and’ Massuchusotts railroads with the prices paid by .orch, respectively, ,for sorvices, fuol, and’ comuioditios, the Awerivan raflvonds of today -doithelr work.-60. per cent cheapor thap the chonpest railway systom of Jurope,” And, tq prove thut-this favopable com- ym-inq Is 1ot contined to'frpight transportation; anbmit tho . subjoining tabuler, statement! of paesengor rates, earefully compiled. from tho iondlng railwoys in tho cotntrics named ; i 2 " i"fu ::)lau. Secord elans, Enjiland .00 Trunce, 4 RER Belgium, 3 409 Qermany L e Tt Austria, 4500 Wg The American railronds which chiargo 4 centy bor mile aro comparativaly fow, while . the hrough ¥ato ou the leading -roads moro froy «quontly falls bolow thun oxcoeds 844 cents for :L‘M-ulnufl transportation, i ENTITLED 70 PROTECTION FROM INJURY,. .. Aro not investmontsa In rallroads by .andivid- unls, under our laws, with their unysually bones floal oharnoter’ to the publie, entitled “to the sRIno evrotuuuon from logs or fnfury by poy ach of tho Stalo as sre property luvesimduts of apy other deeeription ¢ °1n fact, does nat thelr pos owliar choragter eptitlo them to more considoras tion ? TP aman ougngos in any morcantile on- 4| fixed, iminovabla == +torprisg, and Inwe aro onacted injtirfous to his 1Inwrnutu, Lo can diopgfo of'his property und lochto clsewhore with hiy. capital: But' if raile | troaila aro damaged by hostile’ .lu;lu\ntlo‘n, "hog Erupurty"iua jwiors' hovd ‘no ‘#itols Tetourto, and hayo absolitlely. no redross. Upon o glngle milo of this Cempany's rond, in Monroo Gonnty, the Company hns alrendy ex- pendod, fu tunneling one_hill, nosrly £300,000, "afid“"twd "“ollisk™ " tuhiicli "in “tho wnng county have cost tho Cum}mny $189,- 720,02, Tho construction of the nslon. .northwest .from . dladigon 120 miles, ongnged tha Company for throo yont which timo grontor natural obstocios’ wérd'over- conic than word o tored by any other -line- botween tho Alleghanies and-ihe Rooky Mo isins, 71Up Lo. Deerl, 1873, the,conatructioox- pendes.on Ulab'line amouhted ‘lo 35,69,418.06, (aud tho, work id ngf yot inished, * Advdrad lois- ‘lation ¢an render "this ontlny ‘an irrotriovablo loss, Belng o public bonefit;la it not ehititled to Immunity gmn;.lneury? .A. constitutional.pro- vision doclares that*no individubl shnll' bo' do. prived of . bis_proporty without just. componsa. tion, ‘Tho rallways bolug tho proparty. a¥ {udis viduals, Is it not “equally’ just -thet ixed, . trary rates, by lnw, ol ‘o, 1t imposed, the' companios from loss moit ? arbi honld eithor. bo apandoned, tute Khsild ‘Ruisraitee tlia Y rosson of " thoir enforce- BTATE REOULATION O BATEH, When tho suggestion.ld. regulite ‘intes ¢imo beforo a solect committce of. tha British Rurlia« ment, less than two- years - ago;-they inquirad, 1 On what principlo s it to be performed, an purely by whom ?* and -ndded, **-If-it-is -to be .axbitrary, if no rulo ia to bo Iatd.down to. gulda tho rovisers, the power of rovision will amouyt to n powor to conflscata tlio property of' comp- nieg.: - el A > ‘'ho lpw rates innugurated by Bolgium in' 1863 -nro frequontly cited. - 'the State “Laa siuco ace kuowledgod ita. error,.and moditied tho: tarlifs. I'he vight of that Government to regulatorates 8 unqueationed; but'the companies disreghrd it, and the Governmont tolorates the practice, CESSATION OF TIAILROAD LNTERPRISE, Thio prosnt fliricinl dopression an -trusb in rollway secuvitios have boon® largely” caused by tho throatoning aspoct of - logistution- ngainat the most sousitive patt of ' railivay prop- orty—its meana “of ..incomo. . .. GoV. Oatpontor comprohended-the situation inhis méssago to’ the . Jown Logislaturo, wheroin "ho says: **1¢ is be- Jioved that tho. ‘coasntion ..of - railway building, prior.to,tho: racont * finaholal “disturhancog, was dite, moro.than toany.othor oause, o thréaten- ‘ed reatrictiva. logislation.” .. Why should foreign capitulists invost in- property in'whoss managc- ment tho:owners _are menacingly told thoy shall have no voice? In financial cirelos tho impres- plon, iu,Yre\'nlanb_t!m Amorican | leglalatio ig~ especlully " almed at vested ' ntercsts,” 8o rooted " hns this conviction become that jt is impossiblo _to nogotinte. tho ~bonds-of’ any Wostorittailrond,” 'So long as railrond prop- | erty Aun( {cclilnv o popular crusade, .cnpitn‘, \‘_El -avoid it,-*Were this Stato 'so fully dovelaped s to bo wholly independent, the people could afford- to lot capital flow past into otbor and inviting: flolds ; but, with the uorthiorn Lalf unreclaimed, and certain to romain 50 until foreign capital’iu- fuses into It lifo, onterprise, and civilization, is it wiza to jsolato the State by throwing aroundit » pro rata wall 2 . W In the gaveral outery, the boneficial results of roilways have beon ignored, - Perbinps they .can best bo''cstimated by imaglning our condition were wo suddenly thrown back to the stato.of locomotion oxisting forty yéars ngo. Such ro- turn would rendor porsobal trayel intolerable, woulil Kuspend buainess, and collapso thonspuds of onterprises originated nnd, made prosporous’ Ly railway facilitics, g » LIADILITY.FOR MISTAKES. ... . No provigiou iscmnde for {heinevitable mis- takes of ngonts,” servants; or. employes. Aun' orvor_on,, tho . part ,of - o bill-clork, ‘howover unintontional *“or * slight,” woil subject. tho offending. , compauy .to .a .pesalty. fanging ~from 81,000 fto 95,000, Tlis Compony employs- mil’average of 12,000 . men, _Amonfi them, despite overy preeaution; wi gowo ligblo to mistalte,” Is there any justico in, makiug'tlie Gompany amenable for all their or- rorfy REQUIMEMENTS OF COMMISBIONERS. Unwilling to présorbio what tho ratos shall bo,! the Legisluturs proposes to dolegate this deli-, cato duty to threo Commissioners. No oue is to be appoiuted to this important trust who is_in auy way ‘counccted with rail- wayg, Yob extrnordinary, powers are to ba! confided to tho -Bonrd , o appointed.. It was oncp weriously’ suggosted in Lugland, that “tha Jilstioes of..the Court' of Gommon Pleas Lo constituted a_railway tribunal, where- upon Lord Campbell, attorward Lord Chancellor, deglinad tho rospona{bility on bohalf of Lis au- sociates in o. speech repldte. with, modeaty, and wisdoui, of whicly the followlng oxtract is perti- nent to tho bill under your adyiscmont : **'I'kis is not & codo which -Judges coyld intoiprot ; it left thom altogetharto oxerciso:their discrotion 5 to what thoy: might deem reasonablo. . Tho ware, besides, to . form o just judgment on aft watters -of -complaint “rolating -to . railway Managemont t might como, before them, and, they wero to lay down.'s codo.of rogu- Intions for. the government _of - raily ompa- 'ho * Judges,” snd himsolf “nmong the number, felt themselves - incompotent to decido on thevo matters. Ho had spout a great part of, s Jifo in.studying tho laws of his.country,. lio confeesed hio,was wholly. unacqaainted railyvay. management,, as woll as,tho tray goods by bonts, 1o kuew not how to dete what in n° xousonablo “ruto, what is undue delay, or witliin wliat timo ‘cars’ aud’ boatd should bo roturned” + -2, W No such senge of incompotency- has yet -boon recordod on the part of any American citizen, Ilowaver, it Jnet_the approbation. of - Scleck Committce of. Parlinment,.in 1872, who, having oxhaustivoly roviowed tho wholo Failway situn- tion, thus roported: * To porform the varions duties veforred to in this réport,- o speciul body should be coustituted;-entitlod the Railway nnd Canal Commission, which should -covsist of not lous than'throo mombers. -They shoutd bo per- sons of Lighi atauding, of whom ‘one. should, bo an ominent Jawyer, aud one should be.tho ‘ly-acqualuted with the dotails and practico of railway managemont,” ¥ . Iu snother place the snme roport recommends thab one, at leas!,” of the three Commityioners should be.** well acquainted with railway man- agoment,” " The qunlifiontions thus:prescribed might:con-, fliotAvilh tho provisions aud.intent of this bill; but,: without them, the Govecuor.could not com- ply with.the requiremonts containad, in Seo, 7, line 2, 1o appoint three.competoent,persons,”. T'ho uniform rate having been:discarded by the thinking mon of: Buropo - and Americn, and its fallacies .thoraughly .ventilatod, I respectfully sibmit that, to enforco it ps defined in tho bills under udvisemont, would ke unyisp, unjust, and injurious to tho. best. intercsts of tho Stato, - Respoctfully submittod. . . Jonx W. MInoLEY, le 0, & N. W. Ry. Co. “THE'PLOW QUESTION. * D Dwiaur, Feb. 5,1874, To the Editor of.The Clicago 2ihyn " i Bm: I have been amused for tho past fow) doys’in tha perusal of several nrlielag;in‘lhnl “columns ‘of -1z ‘Omroago - TrmoNE, upon-tho question of the plow-manufagturers rofusing to, soll .thoir,-plows .excopt through .thelr ngeulu.l You. hnyn publjshed the manufnoturers’ gtory, n{go the much-abused middlemon's talo ; “but we, have heard a8 yet pothivg-from the plowholdors.! On tho 29th,of Docpinbory the. Granges‘of Liv- ingston County Leld s.meoting at Odoll, and thon clected.n, Connty. Purchasing Agont.. They nlsg appointed a Subordinate Agont for opcl - Gyango in the county, to_co-operate” with "the County Agent, On tho 20th of Junuary wa held :n meeting of. all the Purchasing.-Agents in the couuty, and wero thex informed of tho following facts, which_clearly show. that. tho:Plaw:Ring \which ragolved 8o vohemently ‘“not: to sall to farmers; oxgopt fhrough tliolr sgents,” and bonud thémfelvés by a §3,000 bond, 18 “tbusted 1" T'ha faots 'sry au&m!n&_m lly.ag.follows: Aphort timo,ago,"ono of tho mombers of this Rlow-Ring camo to Pontiao, and as usual went to their reg-; ular customers to make arrangements with them for tho aale of- tholr plows for the coming’ son- ‘gon, + Mucly to tho surprisoof-the plow-mnuu- \fnotirer, tho middleman rofused' to, buy his ‘plows, ““Why' is thig thns 2" the manufacturor, nskod, Tho middloman’ ‘answered: " Tho! Grangars iu. thia county have suoh - g complete’ systom for purghasiug’ {hoir ‘own ,plows, ‘inde- ndent of you, Jthat L could.ngt soll a’ singjo cns 3 und you hnd bettor go aud 'ses’ tha County Purchaying Agontp.” Actordingly ne'found the Qounty-Purchising Agent, and very:soou opened, nogotiations_ with .him, | with tho Iallnn‘hl(»: esults : ** Wo want to goll our plowg, Lo, you." 4 But," replied -the -Purchasing - Agent, * I thiought you woro undar. 'hondg . nat to sell to/|. furmprs oxcept through your agonts," . So,wo| arp ;/and aro.you not an agent, sud, the: largest, agont in tho county " *Yos," # Vory well, thoro [s our list of prices, aud they aio tho snmo ag wo soll to onr. regular. agonta ; ‘snd, as I con-; slder you nre o rogular ono, I ghall muke you our agent, for Livingaton County,” Nn’\\', we arq able to buy o 521 Y’ P, H—Rinop writing tiio phiovo, I. am. roliably, informed that another memlior. of this Illuf_‘ iy ready to uucul}mb.' . ~ during. | and the dise | , |/ million povinde. ——] MARKETS BY TELEGRAPH, Torcign Murkets. ¢ Lavrneoot, Fob, 10=11 n, ‘m—Lrendstnfls—Flaur, | omn@a0n 0d,” Whost—\Winltr, 120 @126 63 npring) 11y 10d@128 0d; whilo, I’ A0S 813 elub, 16 Biptan 10d—closlog ot s 8UGLds S04, Cor, 43¢ B3408. e 6on, Tard, 410 0d, .. Reelyta—Whent; firot-three <Iays,-62,000.quartors, . 16,000 Amorlean, Livrnroor, Fob, Brondstufla—Dull, Wheat—8pring, 118 106 e, 138 3d@138 0d B - club,-198 T@1d8-10; -Corn, J8a G, . Lard, 4k, .* - PAni#, ¥4, 10,—Rentes, BAL 6% FRANKFORT, Fob, 10.—5-208 00230847, - Lowvax, Fob, W—h proi.—'Che rato of discount in ‘open warkiet for threo monbia’ bills is 33¢ por cent, tha anilio bank xatos « Gonsols -for ‘1money, 03 ; 464 Fount, §25/@02%¢, United Staton atcuritiod—h-308 of 7a,100.4 oot %7, 1 0-404, 10526 & monw G, 10334, Now York Central, 05), " Erle, 444@i4); do, profors 1,085 ; LA ‘ob, 16.—Cotton quletor; middiing pe Tadd, Al Bi(@@8ily Balen; 19,000 balcag Amcricit, 0,000 3 #poc ulatiort and export, 2,000, Sales3. low good ordinary suipped: I id 3 Murch Moy, 75¢de *Uplands—Nollilig: ey 7728 ; Fobrdaryand Morch, T7@T -and. April, 803 deliverable ~Apr{t -and - Nothirfg b'ow low middiing slifpped ; Fobruinry and, March, 716-10d.-. Orleaua—Nothing -helow 900’ ordie uury shipped. 3 Febritary snd Merch; 8 1:10d;- Tawn and Labrics nt Mancheater ateady. Troadstuirs \lulli—Caiifornia _ whito wlicat, average | ity 13w 30@13¢00 2l do, 160 7dms 100 ; red 118 1040128 6d 3. red \\&hl\ur, 12830@ 6d,: thires days, 23,000 Western, spriog, 12804, “Flour, 46 @N.0d Ghecao, Bon,” Lavil, dia, .. Teceipts of ‘wheat for the qrs, of which 18,000* were A 5 coru, 388 *_the ' Waol Trade. TarLADFLELL,, Fob.. J0.~Wool: quiet, firm, ana acareu} Olilo, Yohneylvadiv, aud Wedt Virginia doubla donble exfin and - bove, - BIMEOB0: cxirs, «5I@5To| modlum, 5@38c; coarso, 46@alo; Now York, Nichle 0, Indluna, and Wesscrn, 0rm '8t G0@52%C; mom dinm, G4@530; coarse, AGGG03; combin 52@00 5 combing, Wnwasiied, A2X@A combing, 62@05c; A, unwasted, 30@d8e; coarua aud mudinm,- washed, 35ad8c; tub-washed, Bi@6TKe; exira nod nierino pulled, 46@360c; No, 1 and superiiue pulled, 45@50¢, -\ . Now Yérk Dry-Goods Markets Nzy Yok, Fob, 10,—Teado movement slugglsh to. day ; Jobbing--branclies vory. dull - Hoavy * standard ‘angelinlg, fine Drown and bichentd rhirtings, and core ‘se} Jeaus in nlea(lfi]ruq\lga[.‘ Cottonatloa'mova- slowly 3 uncdlum faney prinfs and’ abirtings: in'. good doman Jrom Srathnnds, .. Jino, grades faucy: caseimeres aud we ‘worafed sullings fairly active, sud forelgu aud dotcss tlo goods improving. ‘washed, Canndi Pittsburgh O Maviket, Trrzspunon, Dob, 10.—Crudo unsetiled; sales at £1,25; rofined quict and firm; Fobruary, 14)4@143{c, The s ANEW YORIG, -+ e New Yomk, Fob, 10.~Corton—Closed - weak o middNing upland, 100; {ntures closed weak, 3 BreADsTUFs—Flour=Lbiv.grades qulet and firm ofticrs dnlland_drooping ; recontey 19,000 brls 3 pus ‘orfirio Westorn and _State, . $7.80@0,40 ; common to - good extrn, 4060@0.90; gbod ‘fo chdite, "$0.95@T.00 3 white. wheat extra, $T.UU@T.80; oxtra Oldo, $6.10(3 8.00: 8§, Loujs, $0.85@1L00." Tyo flonr firm at $.90 @0,00,° Corn-meal more nctive; Western, $3.7563 Wheat in fair demund butIowar ; recoiDts, 121,000 0. 3: Olieago spring, $1.64@1.67 ; do 3 1,67@1.50 3 Jowa and Minncsots spring, $L62@ 160 Northwestorn spriug, SL6T 3 No. 1: Milwaukee ‘$1.0J@L0S, Ttyo steady ; $1.00@1.10, - Tarley duli and nowiially fower; two-rowed State; $1.75,. - Corn quist aud o’shade Jower ; recelpts, 93,000 bu'y'now mixed Wantern, atioat, BOG@BIC ; ow yollow, 82@eda s while, 8 Onta dull 3 rectipts, 54,000 bu ; mixed Weste 0, " ! d, —Unchangods "~ © o ) do firiner, 0§ refinéd easler, TunPENTINE—Steady ot B0@I0NGC, Ears—Firm ; Connda sud Wostern, at. 10@23c, ProvisioNs—Dork huict ; ‘new mees,* $16,12)¢ cash 3 1500, Mareli+-$10:25,Mny.’ 1 Beefarul cut moats un clunged, Middles hesvy ; Tong, clear, 8.1-160;_shork clear, 8%c ' loig aud shbrt dlear, Fobrunry nud March, 8o, Latd firm; stean, 0X@9 6-10c, cashi 9o, February (@93 reh, - - o < Hic, Mas @10ic, p LOUIS... .. ik o v1s, Feb, 10.—Corron—Steady ; -Alidadlings, DneApsTorre—Tlour quict_dand ‘uiichanged, good demand_ for low. grades. Wheak vur{ Jdutl 3'No, 2, apriug, $1.233¢ bid ;'No: 3 fall;-car-lols 8146, Corr unchuded, with good demuud for Gx‘x;:ué&; No. 2 mixed, GT3de fiv eadt “cloyatores-oashrs (643@050 April, Quts ndtivo.and Lighor 3 No, 2, ' 47%(@4% 1B - blovtor, Batley‘firm ; < Northern -spring,~ $1.80. - “Ryo' firmeq at 87¢, Wiiarr—Steady at 06e. " == Priovisons—-Lork—~Quict:. round. Tots, hinrd side, 15,005 small lota, 15,60, ” Bl teata quist aud w small " lots, loose, ehoulders, 52z¢; clear rib, 73 clear, 8c. ", Dncon—Lasy, only, - order . trade.” Lar lowe asked, 8%c.bid, | . 4 1lods—~Iirmor; . shipping, *$4.75@5.10 ; *packers, $5.10@5.00 ; oxtra, $5.75@5.85, Reoeipts, 800, 4 ¥ Carrre~Quict and unchongéd. i . i OINCINNAJY. 3 Gneonswat, Feb: 1,—Corros—Dull at 1hie, - BueapsTuris—Elour quict and uncluuged, Wheat dull ot §45@160, Corn dull nt 6I@G2e, ~Oufs Srm at 48@64c. Ryo-'scarco and: flvm at Ui agu.ov. Barley quict ; ield frm ; No, 3 fall, $1,7061,80. Otr4—Unchanged, x . ~ProvisioNs—Opeied «dull but.-olosed. with bolter feeling, - Pork dull nnd 'momiunl at $15.23@15.5 Lard dull and uneottled—moro mellora thun buyers Bteam, 8103 kettlo, 9 1-16e, Dulkmeats easler; sulew, shoniders nt 53¢y elear 1ib, T44c; clear, 8o, *Bicon quict aud steady ; * shoulders; 703 clear rib, 8}§@8%c; aloar, 9c, : ght, $5.40@5.76; heavy, ., Hoas—Dull and lower '$5.80(@ 0,00, ~“Iveelpts, Wiisky—Firm ot 06 2 * MILWAURE 1~ MILWAUKEE, LAY and unchanged, Wheat gulet and w 0, 4, #1503 casli: 81 Oats ~alcndy§» No, 3, {03c. 2, 57c, Ryo quict; No, 1, 706, - Barley. quict; No. 2 spring, " PROVISIONS—Pork, §14.60@14.75, Sugar-cuted Lams, ¥ g 5/ @L03gc. Bulk Mhouiders, ooac, - s3ce. . Middles, 7% @8c, boxed,, Lerd dull; ateam, 9o ; , ketile, 0(c, “1log: uiet s drésscd, $0.80 ;- recelpls, 1,200, Atscyiwrte—Elour; 5,000 bris ; ‘wheat,-93,000 bu, ‘BumMeNTa—Flodr, 12,000 bris; wheat, 22,000 bu, ot ' DEIROIT. = 2 10 o Detnois, Feb, 10.~Burapsrurys—Tlour quict and unchanged, Whieat eady;- extra, $1.00¢ 3 No, 1, $1,664 3 omber, $1.48. Corn dull utid lower ab G3@6ics Qats; 476, ; p OLEVELAND, * CLEVELAND, . Tob, 10.~DReADSTUFES—Grain’ quied .ond unclauged, < . . s . Prrnoztuy—Activo ind Ligher ; 135{@15¢ for car Tota of standard while, > 3 & I'OLEDO, * ToLgpo, Feb, 10.~BresvsrurEs—Flour. quict and mnchavged,. ; Wheat dull aud Jower ; ambor Mlehigan, £1.40 cash; 1,657 beller Aprily No, ) xod, 31,55+ Mo, 73, " Cort dull and Jower ; higl ‘mixed, 850 caull 3 16w, 60 weller Aprll, 6707 nowseller Marek, 62160's_low mixed new, 69)e; *Oats dull and droop 0. 3, 475ic, Diessicd quict, at 7,10, Breps—Clovor quict, 0t $1.10 ; mammoth, 85,40, Tieoerrrs—Flour, 100 brls'j - wheat, 4,000’ bu; corn, (28,0007 odtay, 1,600, . .. : *~ GiitrsENb—Llonr, 600 Lrld ; wheat, 3,000 bu ; ‘corn, 2,000, s, YL e feor . . - LOUISVILLE. Loussvimt, Fob, 10.—Corron—Qulet at'I5xe, Hous- P rks—Fiour quict und uiichanged. sloulders, 6 ; cloar rib, Bige § clear, 8Y@82;c, Ioose, Bico fders, 75 lear kb, 89563 5@ (c, packed, Lard: 0,00 § dlear, orco; "95@Y prime steam, B = WIISKY: VA Bk A 3 S IS, Nopiagt ] Jentrabt Mexrns, Fob, orrox—Nominal ; desirable splnniug_grades” searco ;- hil(lmlhz‘p;b,kja‘l’a’i.’c tTom coips; 1,725 bules : shipnieuts, 1,590 bales, linc\sTUrFs—Tlour steady, Unchianged, Oornmeal 10 fair domand,, but lower: '§.00G3.05. Coru, 750 Daty, B8@I0, - 5 U Ay-rDull sl unchisnged. Bax—Steady ; $18,50, Provistons—Bulkineain dull and unchanged, NEW ORLEANS, NEW 'ORLEANS, ~Fob, 10.—Bnreaparores—Corn fn good demand und higher; white, 18GT0¢; yellow, 856, Oats acarco und firmer at 62¢, . Bran~-Dull at $1.00, Lav—Dull; prime, 1703 oholeo, 20c, PRovIstoNs—Pork Aull. ind lower; biToring L 10,60, Bacon dull aud lower at 63¢@02¢ nnd 03¢c. Al ottiers unchanged, .. o « s casler;’ not 8] CoTroN—AGtf¥o atil Tower,. Sulow, 0,500 bales ;. raceints, "0, to Gregt Uritain, 843; Continent, 3,810; 1,281 ; stook, Hi,0 unsoll, 210,500, - u:éué%—@ lonly 11755 -sight, "Afo discount; slor- U TCSS Y BUFFALO, Bukrato, Tieb, 10,—BEARsTUKTS—Wheat dull |2 Mjlyauled ciib’ nominal a $145 for_lots, _Qorn QuioL enles 12 ears now,nt 720 on track OA(E nege lected, Ryo noglected, Harley dull; galgs'd cars same lo Westeru ot §L.71. Ny DIULADELPIIAL " - 10,—~BneavsTUFFE—Ilonr quict PHILADLLYIIA, TeD, and fieny'; kuperfine, 3. oxtra family, §7.764. Corn very dul; yollow, T0G780. + Btate, Ohfo, nud Indiana, Wheat quict and unchanged, Oats, white, 68@ e, Witniey=Firm ; $1,005, ! Puovisioss—Dull and declining, PrruoLpus—Refined, e, crude, 120, BALTINORE, . Dargistony, Feb, 10,—Bngansrorys—Ilour in b “ter demund and steady Wheat qulet, Corn activo; mixed Weatern, 80c, . Oats uctivo and fitmer; Western, . 60@02c, . Jtyo firmerht 96@V80, ‘TuovistoNs—-Quiot and unchanged, 3 Burrui—Unchunged,, o i Gorsiz—Dul aud wominial ; fair to primo ‘Rlo, 2435 ewa’fuzr—ufim 8t 09c@$1. P R - .. . A Wdalthy Company, = Sonio idan of tho wealth aud:importance of tha graat conunerolal companied of . Knglund way bo ;,'lunncd from the half-yenrly report of the I’an- ipsular and Qrigntal: Stenmship Colipany, Tho proporty.posgessed by this .Company in thole -1loct of Blosmors, frachold ' and lopschold prop- “orty in Englahd, dovks and'premisios at Calout b, Hong Kong, Bombuy,- Bipgapore, stocks,of coal and storos, cagh, olo,, amowuts in valio to noarly fong-pud nlrunzllmu >pounds:iorting,. . Mhair rocoipts In tho lasb twolvo monthy woro over twe