Chicago Daily Tribune Newspaper, April 24, 1874, Page 1

1 | | | 1 H P v VOLUME 27. . CARRIAGES. AD.CLARK & L0, 402 and 404 West Madison-st., Manufactarers and Dealers in LN B IAGES. OLARENCES, JUMP SEATS, LANDATS, EXTENSION TOPS, LANDAULETTES, PHAETONS, COUPES, BUGGIES, OABRIOLETTES, + ROAD WAGONS, BOOKAWAYS, OMNIBUSES, HEARSES, &o. ‘We are showing by far the largest stock in Chicago. Our expense be- ing less than other houkes carrying gnything like the amount of stock we do, we propose to give buyers thatbenefit, while we always GUAR-~ ANTEE our work to be the BEST MAKE 402 & 404 - WEST MADISON-ST. FOR SALE. $15,000 SECURED NOTES. Public notica is horeby given that on Saturdey, A; . A. D. 1874, at the hour of 12 o'clock noon. I will o for ealo 1o the highest bidder for cash, gt the office of C. R. Fi=1d & Co., Ko. 10 Portland Block, Chicago, I, three coupon notes of £5,000 ne respectively Oct. 1,187, Oct. 1, 1575, and Oct. 1, bearing interestat? pasable semi-snually. Sald motes ‘per cent per anns are execated by JOSEPH E. YOUNG, 104 the princlpal and interest of safd notes aro guaran- Chicago. Danville & Vincennes Railroad Co., % 124 aro secured by trust doed on real estate tn the city of Chicago. The proceods of rale thereot to be spplied tn armeat of note of Samuel J. Walker, for the «um af B51515.07 sow overduo and unpsid. . R. 3 Attorney for legal Folder of note. THES TLoEV DL IPCORIICK. BLOCK, CORNER OF DEARBORN AND RANDOLPH.STS. A fom eholce rooms loft, for reut o patrs or stogly, oa the principal floors of this clegant buflding. a1 moderate prices, spocially adapted tor ofiic veutilation, unsurpaseed; heated by stoam: & fine prsson- Fe7 Slepator constanily ranaiag, and bullding proteciod aight watchman. _Appls at Room 6. Warehonse to Rent Three-stories and basement, situate on N. W. corner of Cass and Michi- gan-sts., now occupied by H. W. Rogers, Jr., & Bro. Apply to MATTOCKS & MASON, 523 Wabash-av. DOCK TO RENT. 150 feet of Dock on South Branch, near Polk-st. Bridge. Apply at 13 Chamber of Commerce. DOCK TO RENT On Sonth Branch, near Halsted-st, o WM. RIPLEF, Avsy 238 South Water-st. For Rent—-Gheag:% I'Lergw Dock Lot, Kingsbury-st., just south of bridgo, Apply to RENO & LITTLE, €3 Kingsbury-st. TO REN'T, OR FOR SALE CHEAP. Two-story Cottags, with six closets, &c., and lot 50 by 207 foet, cast frout, on Cornell-st., Hyde Park, eno_block from depat and two fiom the laks.” Appls to P. GILLESPIE, Grocer, 146 and 1aTwenty-second-st. LUMBER OR COAL DOCK TO RENT. 250 foot front on Twelfth-st., Tinning back to the Empire Slip, with rail- road connections, near T'welfth-st. bridge. Apply to M, PETRIE, 163 Washington-st., Basement. TO REINT. Stors 713"snd 215 Kinzto-at. ; also, lofts, eize 100x120, gRascted. Will be rented che Call at 205 Kinzio-st. FOR LEASE. A £0o dock, 1795295, corner Kinzie-st. and the North Braach. Now occupiod by Moars, Bates & Co. Apply at Boom 13, Music Hall Building, 51 Clark-st. 'SQRENT, FOR LUMBER YARD, sy Chicago River. Applrto R ot opmes 3, 0. R R N, i s SENERAL NOTIOES Special Assessment Rebates, OFFICE OF THE BoAND OF PCDLI Ci11cAGO, April Publio notice is hereby given to all par Sone their own work on strecte whore special sssessments bara boen mado, such as building sidewalks, carb-walls, 1o cell at this ofico and get the proper certificates, tthe amounts due them can be crodited on the bocka of the Gty Collector.’ Unleas this 9 don, the 80 10 sale for ths total amount of the various UIS WAl Pablic Works. (OURSE OF HARMONY, [K 2p. m., at the Chicago Conserv- L Commances Saturday 20 0 8 06 CHEo R Sonne” FOR SALE. LEASE FOR SALE ! Tha most destrablo Jocation unoceupied I the city. Es- m‘n’ sdspted to a fancy grocery or clothing house. Sl o T Bl et st Uat e Gtk and . N SLEVELAND FAPEK CO. FIL.OTUI 2. ALBRO & DIX, Commission Merchants l‘%d il‘lgur De%larebrgmov?iz‘n No.; nEfislsc ashington-st. Choice an oy Family Flour always on hand. Orders sonei SPENGER'S (U5 rifies, 8100 £500. Warranted to shioot well, s, Lines, Reols, Flies, and Bait. Goods exprossed 1oull parts. Address for pricelist, SPENCER, 255 Wa- -av., Chivago. HARBLE MANTELS, MONUMENTS AND TILING. . + TBE GOWAN MARBLE CQ., 11 North Olark-st, L. M TEAS, COFFEES, &o. Opening! HONG: KORE TEA (0, ‘Will open on Saturday, at their old stand, Nos. 1 and 38 Clark-st., near the bridge, with a large stock of Teas, Coffees, Spices and Groceries. Our prices are based on selling for cash. Please call. PAPER HANGINGS, &o. GREAT BARGAINS Hiloer, Jenkins & Faxon's 107 STATE-ST,, Paper Hangings, Window Shades, Bedding, and Upholstery Goods. FURTHER ARRIVAIS, Fancy Border Towels FIELD, LETTER & (0, State and Washington-sts,, INVOICE Fancy Border Towels, At $5.50. Recently $7.50 per dozen. equally low prices ! ELEVATOR. To Shippers of Grain. The Floating Elovator at Buffalo has boen thoroughly ropaired and is in fino working order, and will transfer &rain ot Buffalo this scason from Vessols to Canal Boats, at rednced rates. We transferred during ono-half of last seaeon, 2,600,000 bushels. Wo flatter oufselves that wo bavo the ability to transfer 5,000,000 this season. rocord for shortage 15 195 Tos per 1,000 bushels of wheat, and 16 D per 1,000 bushels of rye and corn. No Elova- tor has a better record. No efforts on our part shall be wantiag to give you ontire satisfaction. to the grain, and X por bushel to tho vessel. For fur thor particulars address 0. M. HORTOXN. Baffalo. FORNITURE. EASHIONABLE Efl URNITURE. W. W. STRONG TURNITURE CO, 266 & 268 Wabash-av. REAL ESTATE. TOR SALE OR EORRENT siring to concentrate our business at our e West Twenty-second and Fectory, cor. of Fiskonte,, whote our Dock, ¥ard, Dry Kilns, Zc., are looated, we offor the property occu- Tisd by us, at the cor, of Clark and Twelfth- sta., FOR B, or RENT; Ono Hun- Gred and Seventy-six feet on Clark-ut. by One Hundred snd Fifty-four on Tweifth, covered with substantinl brick buildings, fhree and four stories high, with the oxco) tion uf Thirty feet on Clark-st. by One Hun- ed and Fifty-four foet on Twelfth. 8o much of the Machinery, Shafting, &c.,as may bo il bo aold with the proper Qadired GOBBE & PHIL: B ta CO. STOCKHOLDERS' MEETING. OFFICE OF THB Juiet & Norfhern Indiana RATLROAD COMPANY, BosToX, Aprll 13, 1574, the_ Stockholders in the Joliet road Gompany for chafco of iy o The aunus] meeting of nraction of & Northern Indisna Tectors for the ensuing yoar, snd for such other husinoss as may properls come bofore such osottng, will by held st the oo of sald Company, at ‘oSt dng of Mas. neat. Joliey L on Tuesday, the 36tk dap of % oE TSAAG LIVERMORE, Sed'y. HARDWOOD LUMBER. HENRY N. HOLDEN, WHOLESALE AND RETAIL DEALER IN HARDWO00D LUMBER Ctall kinds. Also, Wagon Lumber. Particular attention paid to filling bllls for any kind of Hardwood or Fancy Lumber. OFFICE AND YARD: Oor. Market and Jackson-sts,, Chicago. — REMOVALS, REMOVAL. A. J. AVERELL has removed nis Real Estate office to No. 127 Dear- born-st., Room 5. RESTAURANT. AR AR LADIES AND GENTLEMEN Approve SCHWEILZER'S Fxquisite 8s85c DINNER, ’ At 148 CLARK-ST., near Madison, From Lz 1039, B Have just received ANOTHER Also a great variety Damask and D. K. Huck Towels at Our Wo _provide flonting storzge for remnants—hoping you will find it to your interest tonseus. Our charges aro 3c per bushel e Chicange D CHICAGO, FRIDAY | THE VETO. Administration Sena- tors Mourn Over the Lost Measure. Morton Declines to Express His Views on the Subject. Logan Declares Open War up- on the President. | The Latter, with Carpenter, Pre- pared to Lead a Revolts ‘Western Representatives About Evenly Divided in Opinion. How the News Was Received in the Larger Cities. The Action of the President Applauded in London and Frankfort. Comments of the St. Louis and Cincinnati Press. PUBLIC OPINIO) IN WASHINGTON. Special Dispatch to The Chicago T'ribune. Wasniseroy, D. C., April 23.—The Prosi- dent's veto message still continaes to bo the one absorbing topic of convorsation snd com- ment in Washington. In Congressional circles, nothing else is thought of. The committees which meet on Thursdsy for the transaction of ‘business devoted their time to-day to canvass- ing the message. In the Senate, after the ex- took themselves to the cloak and committee- rooms for eonsultation, leaving poor Senator Merrimon to deliver his Louisiana speech to empty seats. MORTON'S ORINIONS. A great chango was apparent in Senator Mor- ton's appearance. He looked haggard, as if he had spent a sleepless night, as no doubt he did. pacific, tho very opposito of his lisutenants, ogan and Ferry. Mr. Morton steadfastly ro- fused to make any dierespectful allusions to the gested to him that GRANT'S ACTION WAS DICTATED ing—who, by the way, 18 & prominent Wisconsin Congressman—that he that the President was actusted by and most patriotic motives when ho wrote the veto. The President, ho eaid, had boen led Treasury officials, and would, in time, see and acknowledge his mistake, but at a period too Iate to retrace his stops. LOGAN PUTS ON HIS WAR-PAINT, Logan, on the other hand, has been foaming in the face of the masculino bovioe, to which he is likened whenever the veto is mentioned in his presence. Ho makes awild dash st its author, and restraint upon his tongue appears to be simply impossible. ~ It is very much to be feared that IS PIETY WILL NOT SURVIVE this great draft upon its staying qualities. It al- ready shows signs of distress. Judging from his conversation during the last twenty-four hours, it is feared that an impartial observer would be liable to get him down smong the hardened sinners. He was in an extremely sarcastic vein to-day. Said be: *¢ Grant is now assured of his third term, and I have no doubt he will be continued in office for the pext thirty or forty years, if he 8o do- sires. He has seoured the support of the eigh- teen hundred Notional Banks of this country, and, 88 the population of the nation is but'a little over 40,000,000, what can such a handfal of people axpect to do against the combined money interest? " LOGAN'S SARCAS. The brilliant Senator, warming with his sub- joot, continued: “Yes, it ia s hell of a message. It isa most wonderful message; more damned nonscnse was probably never condeneed into the same space. Why, this man Grant don’t know even how to do & sum in simple addition. He adds up 44 and 46 and calls it 100.” WHAT THEY WILL DO ABOUT TT. In another poiat in his romarks, in reply to & question regarding tho probable policy the infla- tionista would adopt in the emergency, Mr. Lo- an said be would not speak for his associates, Fat that paceonally be wa for war. It had beets Dis fate to oppose every Administration since he had been & member -of Congrees, and he was ready for o break with the present ono. The abovo is a fair sample of the great Scnator's conversation to-day. OGLESBY I3 UNCOMMUNICATIVE. Seoator Oglesby says very little one way or tho other, and thus farduring his carcer in the Serate Mr. Oglesby has been overshadowed by his colleague, in whose trail he has followed with passive patience. He is on intimate terms with the President, and, it is thought, may take this opportunity fo declaro his indopendence of Logan. SENATOR BCHURZ, when the proper time arrives, will be found among the_sincere defenders of the President. He is delighted with the tone of the message, and frankly commends it as the great act of Grant's political life. THE HON. C. B. FARWELL IS PERFECTLY SERENE. He never liked the Senato bill, and was only induced to cast his vote for it at the earnest solicitation of Scnator Logan and Morton. Mr. Farwell has great hopes that the Senate Finance Committee will originate some measure that will give satisfaction to both sides in the present contest. OTHER ILLINOIS REPRESENTATIVES. The Hon. G. L. Fort, of the Eighth Illinois District, mildly protests against the veto, and expresses apprehonsion for the party in the est. The Hon. Joho B. Rice, the solitary Illinois member who voted against the vetoed bill, does not exult in the honr of victory ; however, he appears to take a quiet satisfaction in the knowl- o that he is the only man of his entire delegation who callod the turn, as it were, on the President. CADPENTER READY FOR VIOLENT MEASGRES. Senator Carpenter, usually Dgxum and serene, was not in & pleasant mood to-day. Having given up all hope of being returned to the Sen- ate at the end of his present term, he is in a humor for mischicf, and may be counted on to follow Logan, should the latter make a break from the Grant party. THE I0WA DELEGATION. Senator Wright, of Towa, i8 absent from the city. His colleague, Allison, is mildly ead, but does not give expression to his opinions of the veto. Hels very much occupied with the detailsof the District of Columbia investigation, and thua escapes from the importunity of the interview- ers. The Iowa members of the House are repre- sented to bs in a great state of agitation, VARIOUS SENATORLLL OPINIONS. Benator Bogy, of Missouri, though a supporter of tha bill, ie mot ?rutly grieved over its de- etruction, He consoles hisascl! with the rafieo- piration of the morniog hour, the members be-, In conversation to-day he was very calm ared President ; on tho contrary, when it was sug- from Wall street, Mr. Morton repudiated the s~ sertion, and assured tho person he was address- orton) was satisfied tho purest astray by certain members of his Cabinet and and frotting all doy liko a mad bull. The Presi- dent’s message has had the eame offect upon bLis nerves that is produced tby flaunting s red flag tion that, in killing the measure, Grant, like- wise, demolished the Republican party. Seoa- tor Thurman commends the message in the warmest terms, and will take great delight in defending Grant against the assaults of Morton, Logan, Ferry, end others, if an attempt is made 10 pasa the bill over the voto. THE OHIG DELEGATION donot, in the msjority of cases, feel bad; a fow who, like Foster, voted for the bill to settle the question, and in despair of doing better, are not by any moans gorrowful. DLanning, who voted againat thebill, of course is pleased with tho veto; while Saylar, who voted for it, is not displeased with the prospect of the division the veto will make in the Republican party. * P THE INDIANA CONGRESSMEN having all, eave Holman, attached themselves to tho inflation bailoon, 8ro, at the céllapse thercof, Tery much cast down, 'indignant, and despond” ent. i TIE PRESIDENT'S INTENTIONS. In conversation with Gen. Garfield to-day, the President said that ho_would approve a free- banking bill containing Foster's provision, that 28 fast sa National- currency is issned, greenbacks, to the amount of 50 per cent of the newly issued bank notes. be retired, till the volume of greenback circulation is reduced to $300,000,000, A COMPROMIAR HOTED FOR. Senator Shormau, at_present in Obio, telo- graphed to Morton to do nothing rash ; that he had no doubt & measure satisfactory to all par- ties could, and would, yet be agreed upon. A BEPUBLICAN CAUCUS NOT PRODABLE. The proposition fora Republican caucus on the veto is likely to fall through, as it is antici- pated that the caucus would only serve to mako irreconcilablo the split in the party. The sober men discoumghe the ides, saying that they have no desiro to have s band in the death of tho organization, reserving their deronstrations till thay are called npon {o drop a tesr of affection and grief over the coffin: 6o at least for the prosent, there will be no caucus. st ke WALL STREET. Special Dispatch to The Chicago Tribune, New Yorg,” April 28.—The stock and gold markets were very much depressed to-day. It was generally belioved among operators that the signing of the Currency bill would result in con- traction, and depression in prices would follow on the heels of suchevent. If any of them coneidered at all the possibility of a veto of the bill, and it is not likely many of them did, they donbtless made up their mind that the result of & veto on the stock mar- ket would be to BAISE PRICES. Itisn't likely any one wouid have disputed these theories, and yet the latter one is incor- rect. The prssent depression of tho market is almost unaccountabla. The bulls olaim that its coudition is abnormal, and the bears sssert that rices being freed from the bolstering of the Dalle; axs Goly dropping to thelr natural lavel. PxnhAbli the decline is due to the advantage ained by tho bears at their opslaught of last ondsy on the market, and the persistent at- tacks with which they have followed it up. The market OPENED AT A DECLINE of Y%@1}4 per cent from the closing quotations of fhe previous duy, and the decline of from 3§ @234 followed. Soon after the first call thero was & recovery of from 1@2!4 per cent, which was followed by a decline of from 1@83 per cent. In the lowest quotatione of the day Northwestern common showed a decline of 34 per cent from highest point; Western Union, Wa- bash, aod St. Paul common, 33/@4 per cont; Rock Island, Northwestern proferred, Union Pa- cific, Hannibal & St. Joe, and Pacific Mail, 13/@ 83Jper cent, and New York Central, Lake Shore, C. C. & 1 C., and Atlsutic & Pac showed a decline of over 1 per cent. OPINION IN OTHER QUARTERS. All the great lawyersaud financiers of New York are rejoicing over the veto of the Currency bill, and believe that its effcct will be, in every respect, salutary. Below ore some of the opin- fons which some of them have exprossed. OPINIONS OX TIIE VETO. Judge Edwards Pierrepont—*‘ The veto'will, in my judgment, lead to early Iafzia.llllon, even by the present Congress, which will greatly improve our financial condition. It is not so important that we should retumn to oarly payments in specie a8 it is that our policy abould plainly take that diroction, in oider to convince the world that we mean to be honest, and do as the Government had pledged itself. I be- lieve the veto will greatly strengthen the Ad- ministration party. If the Preeident had signed the bill, I do not think the Republican party could have long kept togother.” b WILLIAM M. EVARTS. I was in Washington at the time of the vato, and carefully noted the exprossions of public men. The feelinglseemed io be provalont there that the veto would cause & division in the Re- publican party. The assurance which the veto gives that the Government is desirous of specie syments, will be of advantage to the country at ome and abroad.” FRANKLIN EDSON, PRESIDENT OF THE PRODUCH EXCHANGE. ©In all my extensive correspondence with merchants in the West., Ibave not found a single substantial business-man who favored inflation, Thoy all secm to coincide fully with our Esstern merchants.” CYRUS W. FIELD corroborated Mr. Edson in his statoment regard- ing the eentiments of Western business men. A. A LOW. ¢ The fear even that the President would sign the bill has crippled trade and reduced the value of securities. Grant's act bes established the fact tbat the country intends to redeem its promises to pay. If taxes are to be levied, I think tea will bear & duty as well as any other commodity.” EDWIN DOBDS, PRESIDENT OF THE MECHANICS' AND TRADERS' EXCHANOE. “The veto will b a good long step towards the settling of tho labor question. I beliove that this one good act of the President will not be sufficient, in the minds of the people, to blot out, or even neutralize, the many bad ones he and his party bave committed.” E A. T. STEWART. “The veto will increase trade and give com- morce & healthier tone, a8 it will revive the peo- ple's waning confidence in the integrity of the Government. It ia too late, however, in my opinion, to help the spring trado.” =g IN CHICAGO. The possible effect of tho President’s veto of the Carrency bill upon the Republican party wos the subject of conversation among politicians yesterday, and thero was a diversity of opinion regarding it. Somo held that it conld not but be injurious, and others—the sangmme oncs—be- tievod that & rupture wonld.bo preventod by & compromise. A TRIBUSE reporter called upon several of the representatives of tho Adminis- tration to learn their views, and succeeded in in- ducing three of them to talk, though THE FIRSL ONE approached exacted the promise that his name should not be used. The interview hod with him is subjoined : Reporter—What do you think will be the effect of the President’s veto upon the Republican party ? AMr. —— It depends upon the future action of Congress. Toporter—In what respect ? Mr.— Upon the currency question. As a matter of course, to-day, the excitement is up in Washington, and men are threatening and quar- reling on account of a difference in opinion, and nobedy can tell precisely what is to come out of 1t politically. 1f debate should follow on the veto, and Morton and Logan, and that set of men'should maintain their position, as I think they will, and should eharply crificise the megaage, that would make trouble, inside the BILY. PR eorter—TWould it burst it up 2 Mr. — I do not think it would go so far as that, but it would create a bod state of feeling. T'hoaa things are bealed up, you know, very often. Reporter —It would result in a division for a time at least? Mr, — For a moment, yes, on that carrency question ; but how far it would go nobody can eay. Re}zurler—ls not the party already divided onit? Mr. — Yes. The Congresemen voted differ- ently, preciselyas the Democrats did ; but thereis alarger differenco of opinion among the Republi- cans. More bitter clashing than this have been healed up inside of political parties. Reporter—Do you think the opponents of the bill will now make concessions tothose who fayorit? Mr.-——— Iaminclined to think a portion of them will feal the necoesity of doing somothing. _ ., APRIL 24, 1874, ;&eportar—y—’ro restors harmony ? . —— Yea; and that they will undertal do, ity the Mfiynnn‘l] bill—tho Frao Bmkingkgilgl? >porter—Doen the mess: i publicansof Chicago? - 50 "UTPriae tho o . ——1It surprises everybodv. The im- pression waa geueral that he would approve of the bill. Theurd twenty gentlemen who wero oppasad to the bill say 80 last night. The mone. eved men are uiversally satisfied with the action, and one of them gave mo this s his reason: Ho sud he did not care whether the inflation was £46,000,000 or 100,000,000, but what he cared nbout was tbe precedent that it et for any subsequent pressure o open tho doors still more. Invetoing the bill, President Grant has been thoroughly consistent with every public ut- terance he has made in connection with finance —every official utterance, and every privato ut- terance 8o far as I know of, because he has al- ways been a * hard-money " man, and in favor of a resumption of specie-paymente, and main- taining the credit of the nation. Reporter—Have you heard any expressions of opinion a8 to its result on the party by politicians in Chicago? Mr. — No. Itis too early yet. As I said be- fore, I think it is too early to dotermine the ef- foct of the messago upon the status of the par- ty. And I chiok furthor, upon the goneral sub- Ject, that the Ropublican party is the only or- ganization in the country that has a status, and 1t will take more than these small things that bave been occurring to disrupt or break it up on any general election involving the Administra- tionat Washington. That is my firm conviction, —that therois notan orgauization in opposi- tion. The othors are guerrillss, and I doubt whethor they can come togother except in a bush fight; they cannot fight a battlo in the field, I may be crazy on that subject, but I have looked atit a great deal, and that i8 my viow. Then I do not believa any man can speculate about poli- tica with this temperance question all over the country, the Granger question and Anti-Mono, Iy, and this currency question added on, and it any man is wise cnough to tell what is going to happen next fall, I want to see him and find out. JUDGE GLOVER. The reporter next went to the Custom House, sod saw Judge Glover, United States District Attorney. Reportor—What is your opinion, Judge, of the President’s veto ? Judge Glover—I am inclined to think that Grant was encouraged to veto the bill by some of its friends. The Kuox bill had s good desl to do with it. They began to be apprehensive that the effect of the bill would be different from what they supposed, and I doubt whether it would have been vetoed but for that. And it is probable enongh that they have sgreed upon. somg plan—or enongh of them—to carrs throuigh the House bill in a shape that will be acceptable to tlie President, and less objectionable to the people. Reporter—What effect will the veto have upon the Republican party ? Judge Glover—I have no opinion about that. I do not think it will make any difference with the party. According to my view there is this trouble about questions. I_have not secn any political organization that is likely to beat tho Republican party. In order to do if, there must be & party with _an organization thatis pretty nel.r]?erlcct and inshape. In the old dsys of the Democratic party it was woll organized, but that party does not exist any more in this coun- try. There has not been a Democratic party for tou or fifteen years with such an organization as it Liad in Jackson's days. Reporter—Will the veto create dissension in the Republican party ? Judge Glover—Not in my judgment. Thero will be s flutter for the time being, but it will not last long. : Yov think the chasm will be Reporter — bridged. Judge Glover—Yes, a8 far as thera is any. I do not think it is & matter which will affect the substance of the party. People in the interior do not trouble themselves about such things as much a8 those who live in the commercial towns. The reporter next had a talk with PHILIP A. HOYNE, United Btates Commissioner. Reporter—How did the veto strike you ? Mr. Hoyne—It surprised me. Roporter—What will be its effect on the party? Mr. Hoyno—1t will create hard feeling for a time, but that will ultimately subside. Reporter—Will it maks a permanent rupture in the ranks ? Mr. Hoyne—That will depend upon the action of Congress during the next ten days. No one can tell until it is known what course the Sena- tors who head the inflationists intend taking. Reporter—Should they persist in demanding the prosao of the bill, what will resalt ? Mr. Hoyne—It will destroy the Republican ‘p.u'ty, and result in the formation of new par- ies. Teporter—Do you think they will insist upon ita o prassgo 2 . Hoyne—No. My impression is that they will modify tho bill, and endeavor to harmonize the two factions, But if Logan and Oglesby pitch into the President for his action it wil break np tho party, or at least carry away from it a large vote. —_——— OTHER WESTERN CITIES. SPRINGFIELD, ILL. Special Diepateh to The Chicaqo Tridbune. Serixar1eLp. Iil., April 23.—~The veto of Pres- ident Grant is varionsly commented upon, bnt itis generally sustained by our best-informed business-men. The Stafe Journal will oppoee it and sustain Logan and Oglesby, and may say that the Republican managers will take tlint course, and all tho State officera now here like- wise. Grant is without political support, 8o far 28 his own party friends are concerned. MILWAUKEE, WIS. MiLwAuRzE, April 21.—The Merchants’ As- sociation to-day queed the following ; Resolvel, That the warmest thanks of the Mer- chiants’ Association of the City of Milwaukee are here- by tendered to the President of the United States for arresting the course of paper-money inflation by the recent interposition of his veto ; and Resolred, That the afficers of ihe Arsociation be in- structed to dispatch by telegraph theso resolutions to President Grant immediately. The Chamber of Commerce adopted the fol- lowing : Bealved, That this Chamber cordially approves of tho action of tho President of the United States in vetolng the Financial bill recently passed by Con- gress, for fthe reasons exprested in said veto ; and Resnlven, That the President of thin Chimber be instructed'to telegraph to President Grant the thanks of this Chamber for said action. Des $lorses, Ia., 23._The chief topic of conversation hero to-day is the Prerident’s veto. Prominent Republicans, inflationists, do oot hesitate to denounce the action of the Presi- dent, and boldly assert their beliof that corrupt influences were used to obtain it. MADISON, WIS, Special Dispatch to The Chicaqo Tribune, Mapisos, Wis., April 23.—The veto of Presi- dent Grant of the Currency inflation bill is ra- ceived here with much enthusiasm by nearly all our citizens, and he ia indorsed by all partics for bis firmnees in vetoing the measure of the in- flationists. ROCKFORD, ILL. Special Dispaten to The Chicago Tribune, Kockrorp, 11l,, April 23.—The general foeling here regarding Grant's veto of the Inflation bil 18 one of rejoiciog. Tho statoment to the con- trary in vesterdsy's Juler-Ocean bas no foun- dation in fact. — PRESS-COMMENTS. From the Cincinnati Commereial, President Grant has hitherto done few things so well calcalated to give bim honorable distinction as his veto yesterday of the Senato Finance bill,” Quali ties for which, in his military earcer, he had eminence, neem unexpectedly to have asserted themsclves, Their exercise so Judiciously in such an important juncture was very opportune, He has come to the resctie of his country’s honor, and tothe protectionof credit from sure dissater at'a most critical period. . . . e world has now assurance of our Nafjotal houor; the business men of our country knaw that thelr ventures in trade are not to float on a wild sea of irredeemable currenry; lsborers will come to nn. derstand that their work is to have an honest measure- ment in values ; speculators will lose their reckiess control of money capital ; and honesty stands a chance of & Just appreelation. This wholesome condition of things, this movement towards an escape from de- spair, comes from President Grant's courageous veto, Congress knows now fnll well the fatility of {ta wanton work in the direction of dishomor. The Senate can not give s two-thirds vote sgainst the veto, and the country is sefe sgainst & further depreciation of ita currency. Perhape our law-makers will be content to leave matters as they are _Such, most likely, will b the temper of the majority. There come, per- haps, no especial harm from such course; for busi- ness, assured of nothing worse in he condition of our 'finances, can with a fair degree of con- fidence in the stability of credit. . . . 7 rom (he Cincinnati Gasetts, Further along the President says, *'Its theary, in my bellet, {8 & departure from the true principles of finance.” In that he is correct. Itis Dot the measure in Itself, but the principle upon which it waa adopted, thaf s objectionable, Every ‘proposition looking to’ fature redemption was voted down. This was equivalent to s notice that the ques- tion of returning 10 specie-payments, or looking to such return, waa not to be considered. It was also noticed that a majority of Congress favored an abso- lute Inflation, and would reach_that at a future time. The effect of 'a veto, then, is to give notice that in- definite inflation canmot be nccomplished while Grant is President. On the other haud, we have notice equally explicit that the present Congress will not con- tract the currency or do anything Jooking to rpocie— payments. Between the President and Consfdl. then, tho currency wall be let alone, and this, ot all the propositions that have bren_made, is the beat. There 18 currency enough If the people can only be aesured that it is not to be interfered with until the future #hall demonstrate the wisdom of a different policy, Tinkering with the currency is the greatest evil that could be inflicted upon the ‘country, aud now that we Enow that it is to be let alone, people will goabout their business underatandingly, and_thus bring about such abeslthy revival of business as inflation could not have accomplished. This will satisfy intelligent people, who have fovored inflation, that the volume of Ppaper money Iy suficient. . . , nati Eaquirer. y 5. Erant disgracetally Dalked the will of the peoplo of twenty-five States, and extiibited himself as the will- ing, cringing creature of tho Fastern monopolists, Iad no been consisteat, ho might at least have carned the respect even of his opvonents, But be has shown an anxlety to heed the behest of the Eastern capitalist, thougt in 2o doing he provesa traitor to the peoplo and stampa himself as a violator of his solemn pledge to thecountry, When Wall street has piped, Grant hos danced. When Wall street has mourned, Grant has boeen found in sackeloth and ashes, The veto of the Seuate Currency Bill was a bid for the renomina- tion for the Presidency, on the supposition that Wall street be tho controlling force in 18i6. The moneyed men #3y to Grant: “Do you sce yonder cloud, that's almost in sbape of a camel?”™ Grant sayw:’ * By the mass, aud ’tis like s {camel indeed.” “ Methinks,"” eays Money, it is like o weasel.” Tho President is atraightway convinced that * itis backed liko weasel” “Or, liko a whale,” says Wall street. “Very like n whale,” answers the President of the United Btates, , . Tis> message 15 empty of reasons why the tool in the White House should thwart the almost unanimous wish of the people of twenty-five Btatcs. One hundred and thres Republicaus sgainst G3 voted in favor of the bill. Grant has “ made o mistske.” From the . Louis Republican, - . . Itiseasy toses, in tois situation, the elements of a tremendous convulsion in the Republican party, i not tho germs of a total reorganization of both parties in this country. We do not mean, of course, that Lhe peapls of the West and South aretnited on thie subject of tho inflation of currency, aud are auxious to force 20 issue with the other sections on this alono; but it 1s undoubted that the division referred to may be made to entur pretts largely into political movements pro- ceding the Presidential clection of 1876, if Moiton and Butler can be relled on to exhibit the pluck and ingenuity for which they have been noted hitherto, While "there will bo much noisy unfriendliness towards the President for vetoing this bill, wé think the sober, thinking business men of the country will spplaud Lis course, , . . From the St. Lowis Demnerat. The President’s velo measaze will leave no doubt in the minds of those who read it as to his position on the curzency question. He is an ont and out contrac— tonist of thestrictest type. In his criticisms of the measure sent to him for his spproval, a3 well s in his goneral remarks ipon the couditios of our nationsl nances, he clearly indicatea that Le favors a contrac- tion of the currency. 8 speedy return to specie pay— monts, and a marked increass in texation. e would Dot ouly diminish the quantity of curreacy, bnt would increase the demaud for it by imposing additional burdens to increase the revenue. . . . 1t i plain that 6o long s the President remains in hia present state of mind on_the subject, no measure will become & law which will allow the addition of a single dollar to the circulation of the country, either in greenbacks or National Bank notes, except 80 far as the issve of the latter is suthorized under existing laws. We have felt constrained, as an oxponent of the enlightened public opinon of the Weer, to maintain n contrary policyto that expresscd in the President's messsge, and_we believe that the course of the Presi- dent will be productise of great injury to the business and agricultural interests of the country. At the same_time we are satiafied that in coming to the con- clusions expresrcd in hia mesasge, he has Leen govern- ed by what he believed to be the cousideration of the Lest interests of the whole people. . . . From the St. Louis Globe, . While heartily indorwing the conduct of the President in this instance, for its good effect upon the nation at Jarge, we cannot withhold a cordisl word for the exfect of bis action upon the Republican party as a political organization, intrusted with the government of the country and reaponsible to the people for ail na- tional legislation. The veto published to-day is 3 faithful echo of every Repubiican platform adupted since the firstissneof paper-money by the General Government. It says to the people, throngh s Repub- lican President, that the financial ubligations of the na- tion shall be held sacred, sud that every promise, ‘whetler to note-holder or bondlolder, shall be fultiil: ed. It repudiates the theory of quack-doctors in finance; that the beat cure for the financial delirium nocessitated by tho late War is_auother debauch; aud it gives us a glimpee of brighter and better days, When the patient shiall have been reatored to perfect health through remedies thiat do 1ot shock the syatem by too sudden abetinence, Al thin will bo done by tho Re- [ublican pasty in ita own good time, and the Repi- can_party hias resson to thenk Gen. Grant for the first rebuko to inflation, which is the* entering-wedge for repudintion, and the first encouragemeunt to the new departure on theroad to resumption. g ABROAD. (Herald Cable Dupateh.) Loxpoy, April 23.—Ouly one opinion_prevails in the moneyed classes, numely : that Premdent Grant's veto of the Finance Bill will act bene- ficially on Americau credit. - Prominent bankers, bullion dealers, brokers, and tho largest invest- ore, appleud the President’s action. The correspondent of the Merald at Paris, re- ports that the veto message is extremoly well ro- ceived by tho French financiers, bankers, and merchanis. The Ierald correspondent at Frankfort re- echoes the rcports from other quariers of the excellent impression made by the veto. Loxpox, April 24—6 a. m.—The Post says President Grant bas once moro saved lus coun- 1ry from great peril. His veto desorves full nn miich applse and_gratitude as the victories of YVicksburg ond the Wilderness, It has no donbt that eventually the West and South will be grate- ful for the act. CASUALTIES. A Young Bride Killed on iler Wed- ding-Day by a Kunzway. New Yorxk, April 23.—Last night Bello Palmer Wheeler, of East Meadow, Long Island, met with an awfal death. Sho had just been mar- ried, and shortly after the conclusion of the marriage ceremony, was placed in a light carriage by her bhusband, who twas preparing to follow her, when some person nred off a gun in cloge proximity to the horse’s head as & parting salute to the young couple. The avimal took fright, broke from Lus fasten- ings, and ran down the street. In attempting to round & ehort curve, the carriage ias overturned, throwing the young lady to the ground. As sho had become entangled in the lines, ehe could not extricate herself, and was dragged over the rough and stony road for half a mile. When her friends reached her they found her head almost torn from ber body, overy limb broken in & number of places, and her whole body bruised and lacerated in a manner 1mpossi- ble to deseribe. Four Persons Drowned. Care Mav. N. J., April 23.—Capt. John , with & crew of four men, left the five- fathom' light ship, vesterday afternoon, in a ehip's tender, for Cape Msy. In attempting to cross Cold Spring Dar, there being a heavy sea. the boat foundered, aud Capt. Charles P, Smith and three others,named McKen, Hoftman, and Willets, were drowned. Cape Mav, N. J., April 23.—The bodies of Capt. Smith, McKerr, Hoffman, and Willots, who were drowned yesterday, have been recover- ed and brought heYe. The crew, iu picking them up, found that life still existed in Hoffman, aher Iying on the beach all night, and the pros- pects of lus recovery are good. & Locomotive-A Child Drowned. special Dispateh to The Chicaqo Tridune, Craxpasax, Il Apnl 23.—S. M. dathewa, at Urbana, felt in front of a locomotive on the 1. B. & W. Railroad near tho station yesterday, and was mangled into a shapeless maes. He leaves wifo and child. A child of William Springer. near St. Joseph, in this connty, was drowned in slop-barrel & faw days since. Kiiled by Miner Killed nt Wilkesharre, Pn, Svecia! Dispateh to The Chicags Tribuns, ‘WILRESBARRE, Pa., April 23.—This morning, soon after the meu bad gone to work in the stock shaft of the Riversido Coal Company's mines, Peter Waleh was buried beneath an enor- mous fall of slate from tbe roof. His com- panions at once set to work to remove tho mass of rock. and soon found bis body, which was crushed to a lifeless mass. Walsh was a favorito at the mines, and comsequently work was sus- pended througbout the day. ilp Teibune, NUMBER 244. FIRE-UNDERWRITING. Meeting of the National Board in New York City, New Forms in Policy Teken Under Consideration, Table Showing the Causes of Fires in the Larger Cities. Rules Regarding Rates—-The ‘Wisconsin Insurance Law. New Yorr, April 23.—The Convention of the Natiooal Board of Fire Underwniters resumed it session this morning. After the rontine of basi- ness was disposed of, E. D. Holton, Vice-Presi~ dent of tho Northwestern Insurance Company, of Milwaukee, introduced a resolution of thanks to President Grant for his veto of the Financo bill. r. Holtou said he came from tho West, which had been greatly misrepresented in the matter, and for himself, he regarded every dol- Iar of currency as rotten. 2 Following i8 the resolution, which was adopt- ed amid uproarious applause : Resolved, That the members of this Board, repro- senting more than $75,000,000 of the insurznce capital of the country, without respect o party, desire 0 ex- ‘Preas onr satisfaction with the sction of the Prosident of the United States in votolng the inflation bill, which, in the opinion of this Board, puis in peril not ouly the welfars of the capilal we represent, but threatens ruin and disaster to the great commercial and industrial interesta of the country at large. NEW FORM OF POLICY. A roport of the special committee to report on anew form of policy was read. Two forma accompanied tho report, and were submitted to the Board for its consideration. The Committes urgad the Loard to adopt one or the other of the forms presented, the necessity for this action be< ing apparent iu the daily experience of the under= writers. the policy so adopted to have printed upon it in conspicuous lettors ‘ National Board form cf policy.” The Committee also submit- ted a resolution recommending & reduction of 10 per ceut from the Atandard rates of preminm on all property where the Company insure, or the average clause iu inserted in the policy. The , report was accepted and laid on the table for future action. CAUSES OF FIRE, Mr. Rankio, Chairman of the Committes on Causes of Fire, made o report with the accom- panying utatistics. A tablo was given showing the causes of fire in thirteen American cities during the year 1872, which were as follow: Accidental, apecific, Benzine, naphths an Chemical explosives. Coffee-roasters, Carelessness with Children with matches, Defective flues. ....... Defcctive heating apparatus. Explosions. Foul chimneys. Firo-works.... ..., Friction ot ‘machinery. Gas-lights In_sbow-windows. Gas-pipes and meters. Greasc, pltch, tar, ol & Smoke-houses. Sparks. 6 An examination of the report will show that a very large percentage of theso fires could have been avoided with ordinary care and caution. ‘The roport was accepted and ordered printed. FARM PROPEBTT. 3Ir. Heald, from the Committos on Conferring with.the New York Farm Board. offered a rec- commendatiox that farm property bo insured on a basis of 75 cents per S100 for three years, with the two-thirds clanse added. Laid on the table fof further action. Tho report of the New York Board of Under: writers on gas and gasoline machines was adopt: ed on recommendation of the special committes The Executive Committeo were givon tho povwer to treat cases of DBoard Agents who have acted for non-Board companies. The new form of Coustitution, 83 recom- mended by tho President, was adopted with a few minor changes. The Committeo on Finances was instructed to take action in ::s{ml to increasing tho member= =hip of tho Board, aud tho recommendation of the Committes on Supervisory Agents, in regard to the appointment of raters, were referred to the Executive Committee. THE WINCONSIN INSURANCE LAW. Mr. Heald, from the Committeo on the Wis~ consin Insurance Iaw, reported resolutions de- claring that this law, which provides that tho face value of a policy shall be tho basis of in< demnity for losses, i8 unconstitutional by inter- fering with the rights of private contracts, and ehonld be resisted by the combined strongth of the firo-insurance uterest. The resolutiona further condemned tho law s putting a premiam upon arson, and authorized the Executive Com- mitteo to bring a_test caso under it before tho Supreme Court of the United States at the earli- est practicablo day. Cousiderable discussion followed, several mem- bers favoring o modification of the language of the resolutions. A slight change was made in the phraseology, and they were then adopted. TAXATION. On motion of Mr. Heald, resolutions were adopted declaring the taxation of gross reccipte of companies to bo unjust and oppressive, and favoring efforts to secaro just and uniform log- islation in this respect. OFFICERS FLECTED, Tho present incumbonts were clected as offie ceru for the ensuing year, with_the exception of Ezra White, in_this city, and Henry Kellogg, of Hartford, members of the Executive Committea, withdrasn. Alfred Pell, of this city, and W., Bennett, Jr., of Hariford, were elected to fill the vacsncies. LOCAL ROARDS. Mr. Crowell reported a reeolution express- ing the approbation of the work of the Local Loards in affording assistance to the National Board. and urging membens of tho latter to give local Boards their unvaryingisupport & their in- fluence is beneiicial both to the companiecs and agents. Adopted. ROULES. The following reeolutions were adopted : Resnlved, That when minimum ratings for States aro adopted by the Executive Committeo at any rogus Iar meeting, the rame sbail be binding upon companiee and agents on the promulgation thereof hy the genera. agent, and 1o policics on Tenewals in rinks covered by siich ratings shiail be written at lower igures. fesolved, That it in the sense of this Board that when auch ratings are promulgated that the same ap- Dly to tho best risks of tho classes therein secured, which are to be submitted to the charges for ex- poaure or other hazsrd as may be called by existing Iocal traffic: provided that the same shall not apply to citien with a population of 40,000 and uj . snd alxo to such places aa in the judgment of the Execu- tive Committee their existing tariffs msy be found to merit such, Resolced, That the minimum rating sdopted Dec. 17, 1872, and modified Feb. 26 aud 27, 1374, for sundry Southern and Weatern States, not heretofore appoint- ed, ore binding upon companiesand agents on and af- ter May 1, 1874, subject to liko conditions as those named in'the foregoing reaolutions. Resolved, That the resolutions passed by the Ex- ecutive Committee at the moeting of February 25 and 27, 164, allowing conceswiona of rates for local ad- Yantaged of good fire departments and water supply, may be apriied to every State for which minimum rating 1 adopted. COMMIRBIONS TO AGENTS. The Commitcta ou Commissions to Agents reported a resolution limiting the maximum amount of commissions to local agents to 15 per cent. Adopted. The two forms of policy wero roferred to the Executive Committee, with power to send a form of the copy to each member of the Board. MISCELLANEOTS. It was moved that the matter of the Alabama claims be referred to the Executivo Committec. Another resolution was offered giving the Ex- ecutive Committee the power to order such in- crease of rates whore odious local taxation exiets as they may deem necessary to cover such taxes, Al e recommendation of the Farm Poard of the State of New York was taken up. and refer- red to the Executive Commilteo, with power. The appointment of dtaoding committees for the ensuing year was deferred until a futura period. The Convention adjourned eins die.