Chicago Daily Tribune Newspaper, February 20, 1874, Page 5

-gold, 18 the only wealth of wnation, or that all altow Mr, Piico to dovelop his own viows in his own order. After show- 4@ that coin, or gold, or money, THE CHICAGO DAI TRIBUNE: FRIDAY, F IBRUARY 20, 187 him urging im o nao overy offort, with as littla | dolay aa posslblo, to bring to Juntico tho mob of ! Jynohiors who took n colored man from tho County Jall and hanged him, sbout o fortulght ago, in order to aparo the Governor the ncoes- sity of commuting his sontoncs, Tho Govornor ypromised him nll the afd ho could givo, and AMr. Pugh immediately began making inquirlos, Tho firat stop talkon by him. producod o throstoning Iotter from tho mob, signed **Mauy Citizens,” warning him to desist, Thero s ronson to bo- Move that tho Governor will bo called upon to givo tho ald’ promised, if tho rioters aro to bo brouglt to justico. THE CURRENCY QUESTION. TOE PRINCIPLES OF QURRENOY. Blx Leclure delivored at Oxford by BoNAMY PRict, Yrofessor of Tolitical Economy i the Univority of Oxfords Oxford and London: James Parker & Co. The inability or indisposition of men to go deopor than tho surfaco of things; tholr too gront prononces sluggisuly to rost in apponr- ancos, and to account for offcots by the fallncy post hoo, ergo propler hoo, have always boen fortilo sources of orror. ‘L'his is trme in every branch of human inquiry, bat particularly truo in inquiiles concorniug economio phenomena. It suy proof of tho nesertion liere made were nooeded, it would suflico t o ndduco the recont do- ‘Dates in Congress, the cowrne of so many of our dnily and weokly nowapmpors, tho wpeeches of so many mon, 8o woll ond so favorably known to tho publie in tho mattor of tho cur- rency question. Lhe vory provalent iguorauce of the flest prineiples which slrould guide poopla in discussiog and deciding this grent question, and tho posslblo consequences of that ignorance to the country, lead us to belove that wo shall bo doiug a real servico to our readors fu making them better ncquainted with Prof. Prico’s book ; for we cortainly know no other work so well cal- culated to throw light on that problom, ‘Wo are not yet rid of the ' MERCANTILE THEORY" ° in thig country. Thero is no poople, in fact, on- tiraly froe from its orrors. ‘K'liero are fow indi- vidual minds ovon ihat are nottaintod with them ‘to somo extont. True, thero aro not many who advocato that theory in all the nakednoss of it« absurdity ; not many who claim that con, or our efforts should bo directed towards favoring its importation and proventing iis exportation. Thoro are yery many, however, who think monoy, if mnot the only wenlth, a very peculiar lind of iwenlth, snd who would to muceh surprised to Lear it gravely nsserted that it is litorally and simply & commodity like all othora. Ihis, Mr, Prico, like all eminont econ- omists, does assert, and he corries Lis nssertion loarlessly nud logicallyout, following it to what- ovor conclusions’ it Joads, ITo assorts and de- monstrates, in Ins own laminous way, that gold, or coin or money, is nothing more sud nothing leas than o commodity, governed by the same LAW OF DEMAND AND S8UPPLY 18 nll othor commoditios,—hsts) fox inatance ; that it {u not the do-all or make-nll of cowm- morco; that an cxport of it is no more to be fonred than ou export of hats : that, on the con- trary, Buch export is somotimes very desirable, —n ronl blousing ; that tho rato of discount docs ‘ot depend on the supply of money or of gold; that monoy is not what bankers dealin, but debts; thnt,a banker's reservo of coin iy not what he should bo ‘most suxious about; that bo ehould bo much more anxious whetlier there ben poor or & good bar- vest, that s customors and others sbould live within their means, that property of no kind should be wasted or destroyed, thau that his ro- gorve should stand at o particulur figuro; theto rommoraial crisis {8 not o demand for monsey, wnor produced by & scarcity of it, nor to be remediod by an abundauco of it; that an inorense of busimess doos uot necossarily call for an Incroase of gold or cumrrency of auy kind; that a stereotyped resorve of gold is irra- tonal, oto., ote. All theso propositious, snd others witich we might take from Mr, Price's book, wilt doubtloss sound ns strange to many 8 Copernicus’ helivcentrio thaory, or Harvoy's dootrine of the clroulation of the blood to his contemporarics. Sturtling and incrediblo, hawever, ns the enunciation of theso propositions must be to those not aequainted with the PRINCIPLES OF ECONOMICAL BOIENCE, Mr, Price proves them, and, if we may bo al- Jowed to judge, with so much clenrnoss that no 'ono who peruses-his book carofully will gainsay #hem, or find any dificulty in necepting thom, Mr, Price calls Lis book *‘Principles of Cur- xency.” Ho might bhave called it, slso, A Trea- ‘tiso on the Madia and Machinery of Exchangoe. “Thore are great suthorities, among them Mr. ‘Mill, who teach, oxpremsly or implicdly, that all wexchanges aro effccted by the agency of money, at loast that tho demand for money, nat any timo, iy measured by oll the goods n tho market for salo, Mr, Prico shows that this is not tho case; that relatively a very gmall part of the exchanges made in a country like England or America is effected by money; that by far tho groater numbor of oxchanges 18 mado by means of bank checis, drafts, bills, ete.; that, therefore, in proportion as banks aud olearing-houses increaso, the demand for monoy will dacreaso; thint furcher, and as a con- sejucnce of this, less curroncy is neoded in A DENSELY-FOPULATED COUNTRY, whoro thoro are muny banks and credip is des voloped, than in countries whore tho population is sparse, and credit mearcoly exists; henco, -too, that as population and businoss increaso +Jo3s currency (not more) is nocded, and that the :amount of curroncy which n nation necds bears no rolation to the amount of business transact- «od, but only to the numbor of that clags of sales and their amount in which .currency is directly employed, tho number wof such sales in turn dopending on the ‘habita of the people and the rapidity with which tho same picces of currency make many ox- changes, or extinguish mauy dobts; that all tho ‘monoy which a people need is the amouut thoy actuslly uso, the amount, namely, that passoa from haud to hand, plus & certain quantity as a reservo to moet tho fluctuations of demand. From all this Mr. Prico infera that to lay down a rule as to the AMOUNT OF CURRENCY 18 country needs is imposkiblo, France has a cir- «culation twico a8 larzo ay Englund and does not +transact as much business, Spain Liag more curs :Teucy than the United Ktates, The only infer~ +enco tobo drawn from theso two facts is that 'gredit is more doveloped in England and Americn sthan In Frauce aud Spajn, These nre some of tho results Mr. Prico xoaches, They will be better. understood if we iy v commodity like any other, subject to the sama?iaws of demand and supply, and that the deman'd for gold, the quantity of it nceded, is mneasur, ¥ by the amount of buylng and selling aud payn ¢ of dobty made by meana of i, he asky tho vory pu “inont question: How nre we going to find out h 3 wany dollara or other plecos of coln & count ¥y noeds? And ho anawora very logically by usk ™% auother question, viz.: How does tho hatter 1,08 out how many hends thore aro that require Lats? The hatter, ho snys, maltes hats till they cwaso togo off. o long ag thoy keop going ofl,> ho makeo more. Whon thoy commenco to rema 0 op his hauds beyond # cortuin numbor, he tah'es waming and coasos to manufacture them, Ot cvurse lo mustal- ways keop & certain numbor ©f hais as & yesorve, for thero may Do hoad ne, Wing & covering at any timo. Precisoly tho samo y Vith money, gold, coln, or suy convertible curien.'¥. Gold somes into a country from abroad or J"om its own mmes, The country takes iuto i clroulstion Just TOE QUANTITY IT NEEDS toeffect ono class of exchanges, yiz,, the ex« chauges not offested or not perfocted by bills or chooks, through the ngency of banks or elearing- housos, 'Iie porallel betweon thio hsteand the cola of & country is s porfect one. Monoy might have beon compared to an ax, orn ham- mor, or o shovol, just as woll; far, ag Mr, Prico wave, it 1s only a tool to do cortaln work with, Whon onough of thoso goldon toola have beon manufaotured to do tho kind of work they aro” nooded for, and which 1 not dona by the greator mnohinory of buuks and clearing-houscs,—the instrumonts whioh ncoompligh, acpording to Mr, Prico, st lonst e 07 rrn cENY of all tho oxchanges madaln’ Mngland,—all fur- thor ‘manufacturc and'lconsoquent ineroaso of thelr number 8 'akin .to tho manu- foctuto of hats when 'all; hoads aro coverad, orof shovels, .whon o suffeiont mumber have been made to do all tho diggiug and othor work | which shovels aro cadled upon to do, 'This point reachod in tho manufacturo of Lnta or shovels, if moro aro made, they must bo stored up or exported, or thoy will depreciate in value, And to the coinn or gold must go Into tho chosts of bullion-dolors or lio {n the vaults of banks, ug udeloss to tho - country ms au ovor- production of Lats “in tho slop of o Lattor, .As already remmled, tho storing up of s limited nunbor of hnts,—as o hattor's ro- gorvo,—is dosirable, aud so is the storlug up of o limited smount of coin as & currenoy reserve, and whoro bauk notea aro fssued, to Insure con- vortibillty, Tho making of hats out of propor- tion to tho number domanded would” have the offcot of loweriug tho prico of hats, The colning of gold boyond the demand for coin would di- minish the valuo of tho coln.; but the cheapen- ing in the onsc of gold would be no gain, and might bo o serlous inconvenience ; for, whilo it is speoltic portions of all othor commondities that aro neoded, of gold it ia only speeific valuos, From this it is ensy to ece how absurd ia tho dactrive of *unfavorablo exchange,” how un- rensounble 1 tho uncasiness cronted by tho ox- portation of gold, or the jubilation over its ar- rival in o country. An * EXTORTATION OB IMPORTATION of gold is no no moro to bo desired or foared for ity own gako than un importation or oxporiation of hats, Gold may come into n country ; it can- pot bo kepl iu circulation thore, unless tho num- bor of paymonts mado in gold iucreases, or 4ho valuo of gold all over the world deprociates. Un- used gold fs gold whicl its owners are unwilling to part with at a roduced value. The supply of gold romnining the same, its valuo fluctuntes only becauzo tho number of salos and purchoses it ia called upon to make fluctuates. ASCARCITY OF GOLD i nomora tobofearad than nscarolty of hats, — not hal? ag muoh a8 tho scarcity of & huudred othor things. Gold or coin or money is always for salo just a8 other commoditiss aro for eale. "Ihat country which has werith of any kind with which to buy gold can have it in oxchange for its wealth, Whon gold or coin cannot bo had, it i simply booause tho nation haa not wherewith to buy it. i, Leaviug the question of a motallic currency, Mr. Prica takea up # TILE SUDJECT OF DANKS, This part of his book ia full of inetruction; full of surprises, too, to those who have given littlo thought to tho subject, DBaunlks, our author shows, do not deal in monoy,—i. e., banks of doposit at lonst do not. Compared with the omount of businees it transacts, o bank handles vory littlo monov and bas very littlo capital. Its staplo is not cash, it is dobts. A bonk deals in dobta, Mr. Prico gives us the analysis of a sum of £19,000,000 pmd into Sir Jobn Lubbock’s bank, and representing, of course, exchangos to that amount. -Here it i . Chiecks and bllls, eseneaton o 118,090 Thus of the sum of £19,000,000, only 8 por cout was cash, only one-half of 1 por cont con, which is confirmatory of Mr. Price's views on money, and shows how Jargo o number of ox- changes is made without its iutervontion. Niuoty-seven por ceut, at lonst, of o bankor's staples are, theroforo, checksand bills,—debts, in other words. e make place for an oxtract hero from Prof, Price's book, illustrativa of his viewe, and of Lis mothod of reasoning, Hois' shiowing that nearly all buying and solling, bor- rowing and lending, takes place by EXCHANGING DEBT AGAINGT DEBT, not by actunl payment. The partios to an ox- change are s merchant and o farmer. Ho pro- ceeds: “ Givo mo your ofl-cake, uays farmor, *and T will toll my banker Lo pay you.” Docs hé malie an_ actual jayment? Noj tho cukomerchant gives tho chieck to 1d own banker, aud forthwith procseds to buy liue woed, and tells tho Russian In turn, I will toll my Lunfler to puy you,” And 80 it goos'on 1 every trads. Tihio resources of o bank ull como from sales of com- modities, in which tho sellor docs not buy s much 8s Lo kells, sud placea at tho bank tho power of obtaining (ho difforenco, If a farmera Yugon bring back to the furm commodities of equal valuo with tho wheat ¢ carriod futo tho towa, thero fs notlfng for o enk s but if, on 1o coutrary, tho farm- er who iag brought'£50 Wworth of whoat futd the town buya ouly £30 worth of other goods, then lo fa stfll possozsed of (o ower of Luylug £20 wortl more, and this power, this faculty of purchasing, hie deposits at thio buuky ad. leso a¥o o fouds of Whick o bouk spo W dobts, co, then, what a bauker reccives : horocaives What doos ho do with thom? How ho obtain tho profits of his trade? Tho process s olwaya in substsnce na fol- lows s A farmer sollé corn; he gives his landlord o chieck for rent j tho landlord glyea the check to his country banker ; it travels up to London and finds iis way (1ot this jdentical checl, but other chocks whicl it gave birth to) to the Discount Oilicoof tho Bank of Fiigland, Tho bank Suds itself able tolond becauso 3t lias fotlud tlut 1t bas recolved dobts ta colloct. An Australiun merchant presents himsclf : e Las a bill due by tho owner of acargo of wool, but which will not Lo pald for throo months. 1o wishes to wond off beor that day to Australia, Ho ssks the bank to {skd Lls DLill, and give Dilin the power of drawing cliecks for boer, Tho bank Lioving debts, T eay, to collect, consents tho becr fs bought, and 18 paid for by a clieck on the bank, which trauefers tho debt it recelved from tho country ' to tho Drower, In this mauyer tho corn of tho furmer Is ox- changed for the beer of tho brewers all tho rest I ‘machinory, chauges of ownership, of power to buy, but the onty realitics fu tho atTair are corn ud bLeer, Tho bank makes o chargo for lending to the Australion merchant ou his Lills, and this fu ite profit, The corn buys ilie Veor; and’ tho glgantic tradea of wmodern nations are only the process wany times repeatod, DEBTS, therefora, aro the resources of a bank, the bank itsolf an institution to transfor them. Oun these resources depond its power to lond; 1. e., on its oustomors buying less than they have sold. A banker's staples, consisting of dobts ns ox- plaived above, his reserve ig roally a mattor of secondary importance, and not what he should be most suxious about. His anxiety should bo rather about what produces the movements of bis roserve, His resorve is fed by receipts. To the source of these receipts, thorofors, ho should turn his attention,—to tho salos that are making, to thostate of his customors' buainess, to tho conditions which mako it pros- porous or otherwise; inaword, on the resl woelth of the nation. Iis rosorve doos not Qiminigh becauso of a deficloncy of gold, but bo- cause other commoditics diminish, and sales diminish with thom, His anxioty should be that all commoditios should incroase, at losst that tuey snould not grow loss in quantity; and that gellors should not immediately buy or spond as much na thoy bave sold, rather than that his ro- sorve should stand ut & particular figuro. The tendency of his reserve to rise or fall s o sub- joct of greater importanco to him than that it should stand at any partieular figure, THE CONVERTINLE BANK NOTES of o bank of issuo obey cho same lawe as colu, in go far ng thoy aro money, and of cheoks in so far as thoy are dobts, 'Thoy are in facw chooks payablo to boarer, and drawn by abanker upon his own bank, o Thoy are money, too, and olrcnlate ouly becauso convertible, Thelr convertibility is thelr very: essonco. Thero can bo no more an inflation of convertible notes than there con bo of coin or lats. Poople will keop es many of them in oirculatlon as thoy ocau use—no more, If more are iseued, thoy aro ro- turned to tho bank and payment domanded for thom. ‘I'hislaw is na nocossary ns any in Naturo, and nelther baukers, nor traders, nor Govern- ment can cause more convertiblo bank notos to clroulato, than thoy cnn ‘dompal every man in tha country to woar two, 80 long a6 he hay only one hoad. ‘o pgy Issua notes Is uot, theroforo, & power to lgz L. A bank nover loans wealth, but on} or to obtain it When the wenlth do b, or whon it hag beolt {pxsTRO always happons fu tho times preceding o crlsly, —it of course oaunot bo loanod, and banks aro powaerless Lo make up for its nbeenco. Mr, Prico sees o ronson why tho rosorve of the Dank of England, fixed by the Bank nct cof 1844, whould bo placod where It was by that .nct. 1o can justify it nelthor on scientifio or other gronnds, and thinks that 20,000,000 might bo rationnlly substitutod for 15,000,000 a tho point at which thio storing of gold in the reserve whould commenco,” On tho wholo, ho approves tho nact, and shows that its susponsion nevor mitigated o crisis or pro- dnead any effeot on the mumber of noles in eir- culation, Tho number of such notos is a mattor ‘whicl bank eets eannot regulato,® 4 TIE RATE OF INTEREST, ) Mr, Prico shows, doea not depond on tho abun- dance or Kenroity of coln or curronoy; that il is not eaused by an incrensed oxportation of gold; that n **loan of yorns," a4 of gold, would raise tho rato of interoyt; that in case of much n loan demnuds for advances would pour, in upon baukers with the samo urgency as if tho lonn wns of gold; that the samo accommodation would be nsked for, and that the riso in the rato of dlscount would follow, Wo wish tho gontloman who wantod tho currenoy in- tlated il _monoy could bo had for 8 por cont Intorost would road this portion of Mr, Prico's book. Wo could wish, too, that thozo who domand an incronso in tho amount of curroncy ns the panacea for tho ills that commerco i8 helr to, ospeclally for com- mercial crisos, would peruse his book and learn that panics are not caused by & lack of curronoy, and cannot bo cured by any smount of it ; that thoy are produced by & want of wonlth, and not by suddon disapponranco of oredit or n. doficloncy of monoy. 'This disnppoarance is tho offect, not tho cause, of o panic. Thesa’ orrors, and n host of othors,—indeed, all the flunnelal follncles, bronched every .daf in tho pross, in Conprees, sud in couvorsation,—wo find ‘thoroughly rofuted in Mr, Prico's bool. Thero wns nocd of a boolt to do for the currency question what Dastlat’s “Sophismes Econo- miques " hina dono for the question of froo tiadoe. Mr, Prico has produced it. When it is known and studied a¢ widoly as it deserves to be, wo shall hear lees of tho h AMYSTERIOUS NATURE OF MONEY, Joss of its mirnculous effcots on trado, lows of tho blessiugs of an incoAvertible paper, less of “unfuvorablo oxchanges,” less of tho country's growing up to tho volume of our prosent inflated currency. Wo shall bo loss troubled at exporta- tions of tho precious motsls, draw othor infor~ " onces from the variations in the rato of interest, or tho movemonts of baniing reserves, and make fower ondenvors to rogulate its supply,— perhiaps confess that wo canuot rogulato it at all Ly logislative eunctments. But, bottor than all, wo shall learn to conuect tho prosperity of tho onuntry, not with the sapply of gold or tho stato of the currency, but with our industry; and that the surost way Lo avold the wido-spread misory consequent on panics is for each one to produce, a5 much ns possible, to live within his menns, andnot bo carried away by speculation or the temptation to grow rich oxcopt by honest indus- try. 'The lessous taught by Prof. Price ‘are not only highly scientifie, thoy are also highly moral, P B AMUSEMENTS. THE ADELTAT. The new bill ot the Adelphi this woek is fally a8 ntteactivo na that-of last week, as the crowded louse of last night testifics, ' Among tho new foatures aro sovoral of unusual excellence, and of ncharactor to plesso an audionco of tho culti- vated g woll as average thoatre-goors, and which are not ofton found oven ab tho bottor class of voriety thentres, Among those is the cornet woto by Mr; Harry 8. Pago, who was for a long time & member of the famous Coldstream Guards Daund, ond appeared with that organization at tho Boston Jubileo.. L'his would puarantoe merit of an unusually lugh order, and Az, Page's performance of last oveuing more than justities tho lofty oxpoctations entertained of sodistinguished anartist. Mr. Grover's good intontions s rezards tho charactor of tho on- tortainment offercd could uot haye boen more agrecably verified thou by giving the patrons of the Adelphi so delightful s musical treat. Miss Boshell's porformauces on tho wire are also very goud, and many ot thofeats which sho porforms, balanced blindfold on’ the wire, wonld securo her o round of applauso woro slio stunding ou torra-firmainstead ot the stendorsupport sho bas, Ay, Stowell, the change artist, comes in for n #hare of the applause, ns docs Mies Jounio Morgan, the now vocalist, who, bowover, i pretty well known in Chicago. ' In addition to thoso new features; is Mr. Davis, tho vontrilo- :Luiat ju his varied and ploasing act, Miss Yeanfio, tho sprightly little sorio-comic vocalist, tho Roynolds Brothors, i thoir amusing songa sud dances, and Leopold nnd Geruldive, the most danng of trapezo porformors who over caused ou sudionco to shudder. ‘The porform- auco commences with a laughable farco, enti- tied * Irish Assurauco aud Yankeo Modesty.” Mr. Pago's solo is foliowed by a negro wminstrel act, * Old Pole’s Birthday,” by Blesers. Howard nod Woodhull; and is rather pathetic .han ab- snrd, character-actors on tho siage and possesses n good voica. The farce, *“ A Roudside Inn," closes the ovening's amusement with roars of laughter. HOOLEY'S THEATRE, Miss Lucillo Western playod lier triple rolo in her favorite ond thrilling drama, *“Lho Child- Stoaler,” at Hooloy's Uheatre last ovening. ‘Lho weathoer was so discouraging about the time for leaving homo that the houso wag moagro in tho oxtrome. ‘I'he picco is not a new oue, nor doey 1t oxact any extended notico, innsmuch 18 it will not bo ropeated. Miss Weatern's ongagement hus come neatly to an end. “Throo more por- formances ouly remain, upon which tho thrilling nud sanguinary version of * Ofjver Twist,” which has plonsed the publio so much already, will ba ropested. Monduy Mr. Dillon will roturn, and with liim Miss Mook aud tho remainder of the Hooley company. AYERS' OPERA-NOUSE, The bill for the prosent weoek is capital, as alraady noticed. A portionof tho not by Mossra, Walters and Morton isbroader than patrons of this bouse have been sccustomed to, and should at once be dropped, if tho managemént degiro to prosorve the excellent reputation which their Louse aud sdmirablo company kuvo won, Tho two artists ave sutiiciontly gocd to leave coarse- noes for inferior portormors to provoke a laugh from less refluod audionces. Courtwright's pa- thetio skotch, * My Onty Friond,” is rotalued, and nover fails of o doublo encove. ! Scioutitie Exporimenta” is one of the most ludicrous farces over presontod at this houso, and tie de- nouement is irresistible, 8o that poor Fredoricks i holf through-tho first stanza of ‘“his owu, his guiding star " baforo the lnughtor hus sub- gidod, Tho burlesque of the ‘Lennceseans s also clover, aud laughablo, and ** Mazeppa noue the less so from trequont ropetition. ‘Lho bill remains unchanged through the week.* MISCELLANEOUS. ‘The bad woather unfavorably sffected all the thoatros last evening, Theustonishing incidonts of * Across the Contment” wore convoyed to only a falr andienco at tho Acadomy of Music, whilo the beautics of tho * Black Lrook ™ wore wppreciatod by fower than could have Leon wished, A slonder housa was all* that could be drawn to MoVicker's, in spite of tho gonuine ox- collence of the performunco and tho . unusual morit of the comedian, M. Stoddurt’s great disndvantagos ora the wizo of the honutirnl theatre, which is scarcoly adapted to the light drama, aud the popular ignoraico of his ability, ‘Phreo porformastces rommn to the publio to seo it and Lis really good compaay in ** The Secvob Murringe" and * Americans 1o Pavis," Miss Gaylord's singing hos oxaoted from tho slondor nm{(nncnu o most lmFumtlvu doublo oneors overy ovoning, Thors will bono chauge for the ro- maindor of the wook at any of theso thetres. — THE INDIANS, Tho Oavalry in FPursuit of n Xfostile Buuds Oneyexng, Feb, 19,—A band of about forty Tndiaus was soen on _the Labouto yostorday be- twoen Laramio and Fottovuan, Cavalry are in puramt, A privato lottor from the Red Cloud Agency to & prominent army ofticer hero unys that tho om- ployes thero are in constant fear of thelr livos, nnd dare not show their hoads out of doors afier davk, ‘Lhe writor of tho lottor imtondel to loave a8 800D 48 Possiblo, e RAILROAD LEASE, BosTon, Fob, 19,—At an adjourned mocting of thie bondiiolders of the Central Railroad Com- pany of Iowa, to-day, 1t wasdecided by a voto of 15to 14 to lensa tho rond to tho Milwaukes & Bt, Paul Company, BMr, Howard is ono of tho best mnogro | STATE LEGISLATURES. ® How tho Wisoonsin Asgombly Trent- ed the New Ezcive Law, A Long.and Earnest Debato About tho Wisconsin Central : Railroad, The: Bill changlné ihe Route Ordered Engrossed. " The Minnesota Senato Beieots Donnelly's Bill for the Abolition of - Normal Schools. & The Agricultural Colloge Investigation in the Yown Legislature, WISCONSIN. Special Dispateh to T'ho Chicago Tribune, THE NEW LXOISE LAW. Maprson, Wis,, fob. 19,—The most intoresting procoedings of tho session were thoso of last ovoniug, whon the rovised Exolso law was agrood to by tho Reformers a8 o substituto for tho pres- ont Gralinm law, . A fow amondmonts by friends of tho bill wore voted down. Bingham and ‘Bowman made quito caruoest offorts to incorpo- “rato in tho bill & soction oxprosely declaring in full force the lnws ngainst tho sale of liquor on -Bunday and election days, tho repealing clauso of tho bill being so broad that it was olaimed it wiped out thie above laws, Ono amondment, do- pigned to_nccomplish this purpose waus defoated by 44 to 48, nnother by 46to 47, Afteracall of tho House, tho bill was ordorod engrosucd by 55 to 88. As tho most vigorous possiblo protost to this notion, there was n broadside of somo filty romoustrances from tha pooplo against tho ro- peal or moditleation of the.Grabam luw pro- sonted' by n score of mombors and signed by thousands, . THE WISCONBIN OENTRAL RATLROAD, Tho chicf matter of intorest in-tho Assembly this morning was s vigorous oprosition to tho bill ehanging the route of tho Wisconsin Central Railrond from tho charterod route to o straight line from Yortago to Btovens Point. Spenkor Bouck, on bohalf of Oshkosh and tho interests of that scction, protested vohemoutly sgainst boing doprived 'of advantages guaranteed to them when the land-grant was voted by o com- promise, and on promido of which thoy voted aid to the lino, which thoy had thus fur walted in vaiu to soo built. " Reforring to tho Hon, L. L. Palmor, Mr. Bouck said- that the Milwaukeo dolegation, headed by tho attornoy who wus now trying to havo the route cbanged, was the ono that had locatod tho original liue. IIo spoko with much feeling of logislation just ~like thig _ proposed ~ bill, ~which lnd = ro- peatedlvy robbod the popple of their rights by changing located lines, The road from Portago to lfinon wag to bo built ns o part of tho Tand-grant road, It was a solomn obligation im- posed upon tho Compauy, which, having rocoived millions in_subsidics, now wanted tho routo changed. o know about this Contral Company. 1t wan the woalthioat road In tho State. It had built n live from Menasha to Stovons Point with- out putting & bond on tae rond. It wns ownod Dy non-residents of groat wealth, and tho onter- prigo :lvlould not go down aud stop if the bill was assed. 2 Mr. Whitton said the Company was under s solemn compaet to build the rond to Ripon. By virtuo of tho compact, $125,000 1 Oshkosb, #160,000 in Foud du Lac, and & large amount of aid in Shoboygan bad bodn voted. He belioved in standing by contracts mado. Mousrs, Bowmnn and TFifield, especially the Iatter, carnestly advocated tho straighi bill, and claimed the Compaoy hind beeu groatly crippled in its offorts to dovelop the wildernoss region of tho Btate. 3 Notwithstanding thd ‘enrnest opposition of friends of the road, an amendment was adopted changivg tho routo by Montello, and tho bill was ordered engrossod. - - X i MGOELLANEOUS, A joint resolution for final adjournment Fob. 28 was offored, s "Tho Senate joint res~Intions relating to on- croachments on Supat... Ilarbor, was congurred in, Some local bills wero passed ; also bills to con- for certain powers on County Clorke ; and to nuthorize countios, towns, cities, aud villages to levy a tax for building bridges. TUE SENATE concurred in tho Assombly bills to amond tho aekin rolation to railroads and tho organization of railrond companies; to prohitit cortain provisions and_conditions in contracts ; and to requira ‘Town Troasurors to maks anuuul state- monts of moneys paid to Bchool District Tronsurers. TAE OMAPLAIN QUESTION. The old fight in the Chaplain ques- tion broke out " agein, on & motion to indofivitely postpome & bill o appropriate mouey for their paymont. The bill was flunlly roforred, aftor sundry Senators hnd exprossed their viows. ¥ RAILIOAD TARIFFS, Senator Blockham, for tho minority of the Boledt Commilteo on Railrond Tariffs and Taxa- tion, made u roport sustaining the right of the Logisluture to oxact liconse from railrond com- panios, and rocommending that {he license b raisod from 8 to & per cent on gross carnings. Thoro was quite a long debate, without action, on a bill requirlng Assussots to oxact oath and take other moans to scouro tho full valuation of property. —_— @ MINNESOTA, Special Dispaich to The Chicugo Tribune, NORMAL HUHOOLS, 8r. Paur, Fob. 19.—Tho Seunto procoedings to-day wero mado intoresting by the soveral propositions rogarding Normal Schools being brought to & vote. Tho plan to abolish alt three, and lilkawise plans to convert two intoin- sano and inebrate asylums, wero defeated by 8 mnjority. The goneral opivion is that the Iouse would have sustained the Senato in either proposition against the Normal Schools. USULY BILL. Procecdings in Comuwitteo of the Whole indi- catod that tho Senate will sustain Ward’s usury bill donying tho right of recovery for principal aud iuterest in any caso whore over 12 per cont intorest is contracted, y s SRS IOWA., Specital Dispateh to 'he Chicago Tribune, Des Moises, In., Fob, 19.—Thy Sounte bird & livoly contost over a bill making it the duty of the Listriet Judgo to grant n chaugo of vonuo in cases whoro tho dofondant males an afiidavit that tho Judge is projudiced in tho case, Tho Tnwyors gonorally favored the bill, aud by tha farmors it was rogurded as a scheme to ousblo tha Inwyers to incresso their practico and their feos. 'Thebill will permit o cnso to travel all over tho State by paying. tho oosts, and thus tho the trial ~Dbo vonched. As tho bill hus wlrendy passed tho House, it neods only tho approval of tho Govornor. Lf- forts aro boingz mada by tho opponeuts of tho bill to have it veloed. IN ‘THE JIOUSE, the bill to reduce the salary of Supremo Court Judges from £3,600 to $3,000 passed by o large majouity. 'Chis Is rogarded s a tost on all blflxs bofore the IHougo for the reduction of salaries, Teform in this divection hus ot in in enrnost, Qeneral Goddos was boforo tho AGRICULTURAL COLLEOY INVESTIUATING COMMIT- E to-day, and testlfied agaiust tho stntomonts of Trof, Jones, ilodonies tho staruments that boolss ware sold at gront prafit be' Lo fmxun( and #ays the diroipling of tho ustilution wauid comgaro with sy other. With roforance to tho outlay of funds for illegal purposes, a8 stated by Jotes, (sddes seys the vamo wad done by tho conson! of tho Board of ‘L'tustoos, and that DIresidont Welnb, to his kuowledge, used no improper n- fluenco iu secming the dieoharge of the deposed Profossor, ‘L'he investigation thus far has only shown tho quarrol among Professon, and iy bo- conmiug tiresomo, ORIO, Covunmus, Feb, 10,—Ia tho House this after- noon, the Houso bilt providing that wards con- talning a voliu(i population of 800 or more shol Le divided luto two or jpore volidg pre- elnoty was passed, Bills wore introduced to abolish the office of Btate Gas Commissionor; to provide that in oitles of tho flyat class, primary meolings shall commeneo at 10 8, m., and closo at 7 p. m, to 33 golool-lauds for road purpoiesj to prevent {ho salo of shioddy goode without notification; to chango tho manner of testing illuminating olln, 80 ré to conform ns nanrly as possiblo to tho Pennsylvanin Lost; to protoct sidowallu. In tho Seuats hills wora introduced to roduco tho rales of {axation now nuthorized in munici pul corporations on an nvumnu from 16 to 20 por cont; to doflne and establish the practice in trinls upon Lhe contenting of willa, Tho Judiclary Committes wns imstructed to inquire and rusmn on tho expadioney of #o uht\uglnf{ or codifying tho criminal lnws, whoro- by ponnltios aud tho dogree of meishimont for :sintuary offonse muy bo less diserotionary with thoso who adininistor laws. ‘The bill for tho payment of tho Morgan Raid clalms_wos mado tho specinl ordor for noxt Thursdey, THE CRISPINS. They Are on CGeneral Strike. o Propositions Made to Them by the Boot and Shoo Men, Tho Shoemakers Will Not Agree fo Refuse to Givo Assistanco to Other Workmen, Although the prosent timo in gorerally consld- ored thodullost amony manutacturery, and shoo- making s no exception to the rule, the followors of Bt. Orispin in Chicngo aro undoubtedly pro- paring for somo weoks of idloncss and loafing by entering upon a genoral strike. In somo of tho enstorn towus of Massnchu- sotts, such as Lynn, Milton, Ilopkinton, aud othors, whero tho manufacturing of boots and shoes is the principal business of the place, tho Order of shoomakers called 8t. Crispin is o continual sourco of approhonsion to the inhabitants and munufacturcrs, lest o atrike should bo ordored, and a very large number of paoplo be thus thrown out of employmant. Tho consoquenco is, that all business Is brought to a stand-gtill, and deeds of orimo increnso, for mon having no work to do vetry ofton go to drinking, snd, instend of being good membors of socioty, are transformed by the sensoless strike iuto, at tho bost, dronos, In Ohicago, although boot and shoe manufacturing {8 an important industry, the Crigpmna bove lad 80 little to complain of, or have never felt sufficiently strong to orgauize u gonerul strike, They have usually attempted—aud genoratly succosded— to obtalu nu jucroneo in thelr pay by Laving tho wmon working for gome .tirm strike for a raise. ‘I'ie ruen in tha othor factorios would not strike, but would go on working and eupport the strik- ory for a couplo of weous, whon the manufsc- turors would acceds to the torms of tho strilors, and work would be resumed. The men in tho other fnctorlos would domand the samo juorenso, on the ground that it wos manifostly unjust that they suould re- coivo less poy for doing tho samo work than otliors were gotting, nud would alwuys got it. 1n boot and shoo-muking, tho year is divided iuto threo parts. The fivet four months are called the dull season, the noxt four tho wedium, and the lost four tho brisk scnson. Tho work- men are paid for doing work by tho caso, and tho standard I8 ' bottoming a case of “stogas.’” Bupposing the prica of soling n case of stoga bouts in this month to be 8b, from April 1 till Aug. 1 tho prico would ba raised to_§6,50, and from Aug. 1 till tho end of tho year, 6. ‘I'hto nine leading firms of boot und shoo man- ufacturers in Olicaxo, for tho purposo of solf- protection nnd unanimity of action, formod themsolves iuto au usiociation, Tho following aro the mme firms: O, H, Fargo & Co,, C. M. Uendorson & Co,, Pratt & Hull, M. D. Wolls & Co., I'. B. Webber & Co,, Philip Goldman & Co., Phelps, Dodgo & Palmer, Doggott, Bassott & Hills, und Grunsfelder & Rosoutial, $Soou ulter the panic tho Association of Man-~ ufacturers deaided that, in consequonco of tho genoral decline in prices, otc,, thoy must pay but §4a cago for goling stogas. As tho aotion seemed o just ong, tho Crispms concurred iu it, nnd sinco the boginning of tho yesr that has been tho standard of prices puid,” About two wooks ago, the men in tho fuctory of Doggett, Bussott & Hilla struck ror & raive of sutary. It was tho old dodgo of compelling ouo firm to make u raise, and then, as 1 Soquenco, the other manu- facturers must also, Tho demand not being acceded to a8 soon as was expacted, on Monday the workmen in C. II. Forgo & Co.'s fuctory struck, demauding tho same increase. To couciliste the men, nud as busimess is brightening up, the manufacturers appoiuted Mr. Iargo, of the firm of C. 1L Fargo & Co., Mr, Henderaon, of the firm of C. M. Hen- derson & Co., Mr, Mcl'arland, of the firm of M, D, Wolls & Co,, and Mz, Wubbor, of the firm of ‘I B. Webber & Co., as a commibleo to visit the workmen in the different factories and confor with them. Yesterday they wont to six or saven factories, snd offered to agreo to tho'demands of the strikors, and pay them 94,50 o onso from the boginniug of the year till April, from April to August 6, and from Auguss to the ond of the year §6.50, stipulating one condition, viz: that tho mon should not render sny aid to any work- men who should strike. 'Cho gontlemen were carcful not to gay ** Crispius,” but to cover all worlimen, whether in that organization or not ; but all the mon refused to accede to sny such arrangoment oxcopting threo in the factory of 0. M. Henderion & Ca. ‘Whon first visited, sovoral of tho men pro- fessod an entire ignorance of a coutewplated strile of all the workmon; yo, aftor talking with them a fow minutes, it was plainly to Lo acen that they were all fully aware of it.- In Chieago, tho manufncturors claim to make but small marging, from tho fact that thoy have to com- peto with good, made in the Pénitontiary, but nra always mn&ly to pay tho mnen liborally, ———— CENTRAL RBAILROAD OF IOWA. The Rond Leused to the Milwauikee & St Paul Company. Special Dispateh to The Chicago Tribune, BosroN, Feb, 10,—At on adjourned meating of the Londholdars of the Central Railroad of Towa to-day, the committeo appointed at o pro- vious meeting read & roport stating that a num- bor of bondholders, probably less thau oue-half, though reprosentiug & majority of tlfe bonded debt, had agreed to tho oxtension of two yoars asked for by tho Company, tho under- Btanding was that {6 would resume the payment of interest in 1876, ‘'ho carniugs for 1878 had, liowever, fallen short of the anticipntions of the Directors, and the Committos did not think tho road would Lo able to resumo in 1875, I'hoy had, however, received an offor of a rontal at §0 per cont of tho gross curnjugs, with 8 guaraut] uuum_hx[il the intovost on tho first mortgagoe dob}, from Vico-Presidont Bage, of the Milwankee & 8t. Paul Ruilway; and recommond- ed a rendjustmont of tho cluims apsinst tho road for the- purposo of offecting the leaso, Tlieir plan was for all tho creditora of the road to unite in & petition for a decras of foreclosure, giving tho first-mortgege bondholdors tho profarenco to which thoy wore ontitled ; rating the wsecond-morl o . and over-luo coupous, second ; tho flonting debt third ; und tho stock laat.. ‘Lha debt of the Compauy, June 10, 1873, WA 3 Firat mortguge T per cent gold bonds...,..,.$3,700,000 Bocond mortjgage T por cout gold Loud; 035,000 Floating dobeseeeerers o UBU00Y . Along debate followed, in whick the adoption of tho report was objectad to by My, Welsh rop- renenting Mr, Cato, the Prosidont of tho Road, on tho ground thut tho Milwaukeo & B¢, . Paul Ttond did not offer suflicient guarnutces. Dub the roport was flnally seeopled, oud ity recom- mendations udopted, —— TROUBLES OF A SI0UX CITY BANK. Spectal Dispatehs to The Chicago Tribune, Sroux Ciry, Iowas, Fob. 19,—United States TInuspector Dooring has boen investigating the af- tawr of tho Citizens' National Bank, of tlns city, which bas boon somowhat ombarrassed, an finds tho ausetn equal to tho liabilities, A con- siderablo portion of tha assets ure locked up in Ohicago. Jolm P. Allison, of (ho well known Lankiug firm of Weare & Allison, was clocted Drovistoual Cashior by the stociholders, pend- ing an oxuminution by tho Coumptroller of tho Carroucy. ¥ B ] OCEAN STEAMSHIP NEWS. New Youx, Fob, 19,—Artived—Stoamships Vic- toris, from Qlasgow; Iulaatia, from lamburg, aud Nevada, from Livorpocl, Tavenroor, Ieb, 19.—1he steamor Oanadlan, from Ualtimore, arsived out. e i ASTRONOMICAL, ‘Wasiuxaroy, Fob, 10,—Dr, Potors, of Hamll- ton Colloge, tolegraphiod to-day to Prof, Ilonr that Le had dircovored fll)lu“ in 11 Lours aud 19 minutes right asconslon, plus 4 dogrees 20 minutes deotluntion. R THE FARMERS. ‘The Missourt Stato Grange Declares War on Certain Implement i Manufacturers, Eighty-Five Thousand Grangers in the State. The Kansas State Grange Adopts Tem- perance Resolutions. Five Hundred -Granges Repré— sented in the Tennesseo State . Gathering. Misgsouri State Groangces Special Disputeh to The Chicago Tribune, BooneviLLg, Mo., Feb, 10.—Tho proceedings of the State Grango to-dsy havo boon entlroly harmonious, ,Thoe wholo numbor of Granges in tuo Btate I 1,782, with o mombership of over 50 to tho Grango. Tho various committeos wero appoluted to-day, and tho work of the session entorod upon In oarnost. During tho day the Committeo on Rerolutions had a busbel bnaket full of reuolutions referred tfl l:xem. The universal sentiment exprossod is, thal 'POLITICS SIALL NOT BE DIROUSSED in the Order, but it is certaiu that tho noxt olec- Jtion in this Btato will be controlled by the Patrons, tho mombership amounting now to noarly 100,000, and which will he incrensod to 200,000 beforo November, and will put tho Btato absolutaly in their hands. In a businees poiunt of viow tho most important mattor which hat yot transpired s the resolvo not to uso the imploments of manufacturers who declino to sell direct to the farmora. THE ESTADLISHAENTS THUS PRESCRIBED are Imbllnhml as followsin the Mizsouri Farmer Molino Plow Company, Moiino; Decre & Co., Moline; Buford_ & Co., through Dooro & Co., Nock Island; Parlin & Orlon- dorf, Canton; T. & I, Swith Co., Poking T. D. Browstor & Co.,, Poruj Furst & Bradly Manufacturing Company, Chi- cago; St. Josoph Monufucturing Company, Mishawaka ; Major, Hoffor, Dout & Co,, Ot- tawa ; Brigge & Iinoch, Rockford ; 'T. Cumming & Co., Dixou ; K. Orvie & Co., Dixon ; Decatur Agricultural Works, Decatur; R. Hauny & Co., I'ooria ; Wier Plow Company, Monmouth ; Kinzie Manufacturing Company, Goneseo; John ‘I, Walton, Bloomington ; llapgood & Co., St. Lows; Monitor Plow Com pany, Minneapolis, couditionally ; Dauber, MoKoenny & Co., Man- Lato. The l FEELING AGAINST PROFESBIONAL OFFICE-SERRERS. is very deolded, and a suspicion that any man is in or about the Ordor with tho design of ue- ouring place, will bo fatal to Lis prospects in this Btate, Ttis probablo the sessiou will con- tinuo for » week. Kansas State Grange. Spectat Dispateh to The Chicayo Tribuns, ‘TorEKa, Kan, Fob, 10.—The second . day’s ses- slon of the Stato Grange wans largely attended. e morning session was mainly oceupied with tho discussion of varlous resolutions, most of which were appropristely referred. Resolu- tions woro adopted of the following purport: Tirut, roquesting tho Logislaturo to pass & pro- hibitory llr{\mr lnw ; second, prohibiting retuil liquor vondors becoming mombers of tho Order ; third, recommending the calling of a convention to revise tho Stato Constitution ; fourth, declar- ing that tha greatest pood and highest happiness of an culightoued, virtuous, and prasperous peo- plo aro the logitimate resnlta. of & thorough and practical educntion diffused smong tho masses. AT TIE AFTERSNOON BESSION, officors wore chosen ag follows : M. . Hudson, of Bourbon County, Master: William Bills, QOvoreoor; W. P. I'nj hmu, Member or Ixocutive Committee; W. D. Rippy, Gate-keoper. AT THE EVENING GESSION, tho - officers-clect woro ingtalled, and the fifth degrea conferred upon & vunibor of members, hio businoss boforo the Grango will acoupy tho romainder of this woalk, TUE BTATE BOARD OF AGRICULTURE hold a session to-day. Tho question of locating the next State Inir was postponed to March 8. An udjourned meoting of tho FARMERS' CO-OPERATIVE ABSOCIATION was to Lave boon hold hero to-day, but the Grango monopolized tho interest of mombors, and no meoting was hold. Tennessce State Grange, Nasuvinne, Tenn., Feb, 19,—Tho State Grange of Tenneseed assomblod at Gallatin yestorduy,— the flrst annual sossion. Nearly 500 suliordinate Granges woro roprosented, thero boing botweon 500 and 600 reprosontatives presont, many ladios Deiug delogatas. Tho question of establishing a plow and cotton manufactory at Nasuvillo was among the questions diacnasmz Grouat harmony scams to prevail. Tho seasion will probably last two days. Grangers vs. Plow«Manunfacturors. Wz CLou, Donlphan Co,, Kan,, 5 Tob, 14, 1874, To N Fdttor of The Chicago Yribune: iv: At & meeting of Arnold Grango, No. 280, hold Feb, 14, 1874, the following was adopted ug o counterbalunce .to a resolution adopted by the manufreturors namod : Waeneas, Sovorat of the Weatern plow-manufac— turers Lave met lu convention, aud resolved not to ell to Farmera' Clubs sud Grangos other thau ut retull prices ; therefore, bo it Hesolved, 'Thiat "we oo under no obligations to sald manufuctusers, and we will not patroniza cither thom or thelr ugents's nud thut wo recommond {hat alf Pu- 4rous of 1iusbandry take immediate uction with vegard to aturting s homd-nunwfactory, whoreby we sy bo mora beneflled, And bo it furthor Resolued, That copics of theso resolutions bo sent to the Kunsa Faymer, Tix: CHICAGO THIBUNE, und the 8t, Louis Republican, Jouy D, PENNY, Becretury, e MARDI GRAS, Denialof Roports Concerning the Ex- ceunes Committed in Memphis, Muxrpis, Tonn,, Fob, 19,—The following cor- respoudonce was furnished tho agent of the Assocluted Press this ovouing, by a committoo of leading citizens, with the requost to trans- mit it over tho wircs Meseis, Feb, 10, 1874 —The attention of tho un- dersigued Lios been called to a spacial dispalch which A, 3, Manrey, Master, apbéarid i tho Loutiwllo Courier-Junrual, &1, Louts Lepublican, und vther journals of the 18th'Iust., puc- porting to'givo un account of tho Merdi Gran féstivi. tes of Memphis, Wo pronounce tho stalement untrii fu overy respicet, and fuform our elster clties and tho t 1irgo that the dny pussod off without disturh- it tho several plruct rocesnions were mognifi- cont fud aucecesful ; tirat thero ws no disturbunco or disorder, end {hut Srresls woro fowor {hun on auy festival Oscanlon. The wlinder upon tho Momphl i3 buso and maliciou, The theatro was crowded, und tho nudionco was composed of our best citizons, and {uvited guusts from all parts of tho land, (8lgned)—John Logie, Muyor ; P, R, Athoy, Olfef of Yalico; J. M. Dottigrow, Prerident Obnmber of Commerco; W, D, Galbraith, President Cotion Bx- chougo; I 'Gurih, President German Nutional Bank ;' W,”W. Thucher, Bauk} B, MeClollan, ex-Mayor = of iug, 'W. Vn.: A, White, Uuntsville, Iiotiry Pago, Stato Trossuror, Arkanasss Thomus W, Whitledge, 'St Louis, Mo.; Goorgo ¥, Akers, Nushe villp; Thotuus 7, Marilu, Lotisville, Ky, i This document is accompanied by the follow- ug : Musgis, Xob. 10, 1674~ Lago resd tho card of o Cusbior First Nutional this . date ' slgucy tho Mssor, Chief Yolice, President of the Cotton Exchango, Prosident’ of tho -Chamber of Commorco, tho Bank Prosident, and other citizans of Memphle, sud indorsed it, Tlio spocial dispateh sent by uio o the Loutsviile Courter-Journal is eveby withdruwn, aud T cheerfully withdraw all that waa Bafd n that dis- pateh roflcoting upon citizeus of Momphis, {Slned) 11, L, Srrm, Reportor, T'no appenranco of tho disputehes reforred to oausod futouso oxcitoment throughout tho city, e THE AGASSIZ MEMORIAL, Bosrox, Mass,, Fob, 10,—As = foaturo of tho moumorial to Prof, Agassiz, it v proposed that tho teaokers and pupils of the wholo country tako part in it, and that on the. auniversury of his birihday, My 28th, thoy shall each contrib- uto something, however small, to the Tonchers and Pupils’ Memorial Fund in honor of Louis Agessiz, ——— BALTIMORE LIVE-STOCK MARKET, Dattivonz, Eeb, 10.-0uTrLE=)@i(o lover, with votter domand, Very best on sala (0 day, 87ge@0%0 5 thut geuaruly atod it qually, 0@0%ie { i, gr g0 flr quallty, ¢4 @dsie, ocalpts, 1,534 ; walcs; "Mons—Dull § market over-supplied, Salca at7@80 ; '“Efi’é?{»‘i‘fifi"&u domand ; common to extrs, 5@7; Tecolyits, 1,928, & iSatHe s e e T PITTSBURGI! OIL MARKET. hmnnnn‘l‘\‘nu, fiubl.‘ 19, Thgl"":: nomllmlly $1.80¢ uyera walting s decline, ned, no sules roported Shblod at 140f Aarel, Jixo} Aped, 8oy P el Auring Bassihger. o o Pagy Db & S ity }Euumu Nl‘l;'lll Ezxp, for Umaha, .|t in Gl At Shison & . osonh Seise Downor's Grava Lownects Gravs Accurniodation o OCEAN STEAMSHIPS, NWATIONAL, LINE. NOTIOK~This Uompauy takos tho risk of insuranco (up to 5:00,001n gold) on_oaghof its stoamars, thus givin pssoniiors th bost ponaible guarantoo for safoly an ayoidatico of dangar at soa. o 110s6. BoutNOFly routo has wlwayn heon adoptod by thls Company o asoid fcp an ioadland o LIVHIEOUL: and QUEENSTOWN, from Plors Noa, 44 and 47, North River , Now York, o Spaln, : Oannda,, Aaroh 7 ‘For Tonin 439 HOLLAND, Dragfa.... nosday, Fob, 17, at 3p, m. Cably Yussnge, 8370, f()‘ und 800 Currency. stceraincy 329 Currency. Ttoturn tlokots at roducod rates, Passongora hooked to or from Gorman aud Soandinavian polntant Jow ratos, o Btoamships of thts line aro tho argostin tho trado, Draftson Great Britaln, Ireland, and tho Goutinont, at Northeast coruor Olark and Handblphi.ats. (ooposite now Hhorninn fousol, Ohicago, WILLIAB MAGALISTER, Gonoral Wustori Aicont, NEW YORK TO OARDIEF. Tho South Walos Atlantio St U 's Now Tirseatomns Rl Copaametp Compan e Ve #all from Ponnsyivania Ralirond Wharf, Jorsoy Of ity: ANDIS, chnrtored.Jan. 3, | GLAMORGAN, .. Fob. 8. DELT, a4 A KA o Carryin fimfll and passongors at throngh ratos from ofl paris u}"i.!;ll:lloc\lmnflv}hln 'M‘l‘ill!mr rlflllfll? ln&ffl{'l&\m atcamstiins, bullboxprom < nropro- widod with al tha Idtoat improvomanta o tho oointortand ‘convenionco of RAGE PARSENGTRS. 815 and 880 curronoy. B3 eurroncy. Gurrancy. A Btoorage, 30 PrepaidSicorage eeriiiicaton from Gardift.. Deatty for £1 aud upwacds, Kor fusthor pacticalars, ariply in Candi, at the Com. ‘pany's Offices, No. 1 Daolc Oininbers, and i Now York to ARGILIBALD BAXTL & GO., Agoaty, No. 17 Broadiray. Safling twice 8 wook tram Now York, and oafeying pav: wonizora toall parts of Great lritain, Lrolaud, Continontal Europe, and the Modilerranonn. Unbin from £05; 5 ago, British aud Trlsh parts oast, §0; wost, 5. * Cor nontal ports samo s nihor ropuiar linok, ALl pazablo (i U 8, ourronoy, Aprly for ull inormaiion a¢ the Gom- 2x, No, 7 luwling Grocn, Naw York, and N, L. Somer LaSalloand Madisanats,, Cllcago HENDERSON BROTHERS, Agonts. STATE LINE. To Glasgow, Belfust, Liverpool, Londonderry, &o. STATE. OF PENNSYLVANIA salls. Saurday, Mar, 1 HTARE OF VIRGINI. 81 ) e 21 ETATE UT GEONO A, 3 Nty Ame 4 Vi, N ¥ TROM P1Lce i, NORT] Tiatos of puessgos Cabi B0 $30"cid Ste sng0: Cabiu, 350 o ; Steorago, 30 Currouby; Dropaid, $1 curroncs. ratts at owost Turther particulars app), ALD Agonts, B lrindoust ot Yotk o o BIRDS. BIRDS BIRDS! BIRDS! CHAS.REICHE & BRO., OF NEW YORIK, The well-known fmportors of Bicds and Witd Antmals beg leavo to Inform bird-dealors, fauciors, anu tho publit in goneral, that they bavo opondd a Branch Store at 226 South Clark-st., Whera they will always find ltmufllnm aasortmont of al kinds of SINGING und FANOY BIRDS, av Now Yorl pricos, Wa buy for ozpart Jivo Racky Mountain Antol: it o eor Bonsens ami Wild Do 20120 T3l RAILROAD TIME TABLE. RRRIVAL AND DEPKRTORE OF TRATHS EXPLANATION OF REFENENOK MATRA, —* Saturdayse oepled. * Bunday excopted. 3 Mouday excopted, §Aze 7ive Sunday at8:008, m. § Dallv, WICHIGAN CENTRAL & GREAT WESTERN RAILROADY Depot, oot of Luke #h., aid foot of Ticentyncconderts icket aflice, 61 Clark 1k, soutlieast corner of Jtandolph, and 76 canulst,, corner af Madison, Mall ¢yl matn and alr 1ino m Diay BIDIO8S,cuercensess 4009 p. aokaon’ AcoOumiHaRtion. 11002 m ‘Atiantie Expro 8% 0, m Night xpross. 461508, m| OTARD ATIDS Moraing Expro *8:30 0, m. 8:20p. R xpro £ 00 . o] R, HENILY O, WENTWOLTH, Gonoral Passongor Aguiit. CHICARN & ALTON HAILROAN. Chicago, Kansaa City and_Denver Short Line, via Loufsh ana, Ho,, and Chicayo, Sprinysieid, Allon and St, Lous Through Line, Unlon Depot, West Slde, near Nadison-ue bridge. ' Ticket Ofices : A1 Depot, and 123 Kandolphest Leare, | Arm Kansas City Ex. via Jacksonvillo, dil. ond Lonisiana, Ao, ..., [* 9:308. m. |* R:10p, m, auses Oy Fast 66, i i, jsonville, i1, and Loulsiana, Mol 8. Louls Kxpross, via Maln Lino| B! Louln Fast Ex. via Maia Ling Bt. Louis Lux, vi anvllin, Bpringiiold Iixpro Springtiold Fast Lix JoRerson City Expross Puoria, Kookul & Duri'a i Gheario & Puducah Jinirond ‘onona Lacon, Washington Fx. Jollatd: Dwight Acvonimiodatio: 306, 1y CHICAGO, MILWAUKEE & Sf. PAUL RAILWAY. Unfon Depat, corner Jadison and Canal-ste,* Ticket Ofte® 83 South Clurk-st,, opposite Sherman Iouse, and ut mf.fl [ Arrive, Milwaukoe, Green Bay, Btovens' uint, Praitlo du Chien, & La rossa Day IExpross... Milwaukeo Mafl and Tézprors Milwaukoo, St, Panl & Afinues; olis Night Kxpros *11:008, m " 7:05p, *4:15 p. my [110:00p. m. ILLINOIS CENTRAL RAILROAD. Depot feotaf Lakest, and foot of 1 et Soakar Lakeets andJool of Deenty.second-at, near Clay s 8t. Louls Iixpross, 8t, Louls Fast L Cniro & New Orloan: Cuiro & Now Urluans J Shringriold Ispress o) (lknan f;[unm % nquo & Slous Ot Dubudia & Sious City B (@) Rusis to Ohampalgn on CHICAGO. BURLINGTON & UUINCY RAILROAD. Depati—toot o Lubeat,, Dudiangaz, and Sicteanthorts nal und Sicteentieate, Vo. 69 C1 Ve Granit ke Hosel, canad at deprey o+ 09 Clar drrive, Matl and Expross, AT R A s & Sloas Oty b Puolhio fiaet Line, for O Srori Bussonyor. 9 Mondote, Uttawa & Hiraator Pase os0p] Accomnintat] X0y Kxpress, uudsys, thx. Aaturday. Monday, sl a Xreejort & Dubugus Kzoross . & Milwaukuo Pusseuyo FEY!(.:O{:.I Inducemonts, Dewot, corner of VanZuren und Sherman-als, Night liapros CHICAGO & HORTHWI STERY RAILRNAN. ity aficen, corner Neandolph ané LuSaite- 5 T Ster corner Sadisomet - ©"4 T8 Cunale Leave, | Arri @ PaclloFast LInouue s evsesessns | T0STE 0 10 |7 4 Dubunug Niehs £ 3id ‘Uil tm’u,s'fi. i [ aen rabia Niglit Exneoss. » . . m, ceport & Dubuauo k) e b e e, m m.fs 8 s il Milwankes il Milwaukco ixprass. lilvaukeo Passouo a=Dcpot cornor of Wol ~Dopat corner of Gani WL E COLORADO, KANSA;Z NEW MEXICO, Ticketand Freiyht Oilice, 17 Clurkest, Great Nuw Route, A., T, &Sk At W, I, WEBB, don' CHICAGO, ROCK ISLAND & PACIFIC RAILROAD, Ticket affce, Grand Puciflo Hotels Leva, 0t e, * B0 p, 10 1000 Do 1w LAKE SHORE & MICHIGAN SOUTHERN RAILROAD. Van lurer ot s LaSalle-at, Ticket afle and Hundolphats,, and souihi cornier Canal and Mcwdison-ats. insls, Tonvonw'th & Atchis ey Aoummnodatlon, Tanve | Arriv Ml itomasiiiotigenssn i, | A0 D, Bpocinl Mo Voric 1 855 | "W b gy"lfil‘"‘Q Lixpross, ’ ?.!la.ll. ny, a, m. Wbt s pron. il e i Halth Unfuago T e CHICAGD, INDIANAPOLIS & GINCINNATI THROUGH LINE, VIA KANKAKEE ROUTE, From the Great Central Kallroad Depot, foot of Laka-st, Arrive. s, m, 200, oy