Chicago Daily Tribune Newspaper, May 1, 1874, Page 4

‘TERMS OF THE TRIBUNE, TRAMB OF BUDSGRIPTION (PATANLE IN ADYANCR). by mail,., 812410 | Bundn, 3 ookl kit Wookty i # 0l & year at the Kamia rato, « To provont delay and mistakos, bo suro and give Post ON ceaddress {n (ull, including Stato and County, Remit, i dratty oxpro may bo mado olthor by dratt, oxproas, Post rin toglatorod lottars, at our riaks TENMS TO OITY BUNSORIDENS, Tutly, delivered, Bunday oxcoptog, 2 conts por wooks Taily, avlivored, Kunday includod, 70 conta por wook Addross TIE TRIBUNE COMPANY, Coruor Madison and Doarborn-sts., Uhlcaga, Tl — TODAY'S AMUSEMENTS. M'VIORKR'S THRATRE~Madison atreot, botwoon Doarborn and Stato. Ingagomont of the Almso Opora- Boulla Troupo, ** Barbe tleuo," NOOLRY'S THEATRE—Randolnh stroot, Letwoon Dlark and LaBalle, **Tho Btroots of Naw York," ACADRMY OF MUSIO—Halsted stroot, bolweon Mad. Inon and Monroo, Itngagemont of Frauk Ohanfrau. #'K1t, or the Arkanssa Travolor." MYERS' OPERA-HOUSE- Monrre stroot, botwoon Dearborn and Stato, Atlington, Cotton, and Komble's Minstrole. Afinstroley and comicalltios, **All's Well that Eods Well," * ADELPHI TITEATRE~Cornor of Wabash avonun snd Congross streot. Varioty ontortalument. Alex. Uarls, Karl Lind, Blgnor Constantine, oto, M'CORMICK HALL-North Olark stroot, cornor Kin- sle. Qrand Union Sabbatn-School Jubllos, Aftarnoon and ovening, "SOCIETY MEETINGS. O N e A o x Regular col "-Ln\:u Lon Boorotary, The Chivagns Teibune, Fridey Morning, May 1,.1874. ik (8laayS: ovontrg ) ork o th Aivet dogtéo. Count Von Arnim, tho Gorman Minister at Parls who lately protosted against Biemarck's occlosiastical policy, hns beon recallod. Wo aro novor pormitted long to doubt whoso influenco gollor Juno. Oats woro aotive and onsler, olon- ing at 405¢ccnab, and 480 gollor Juno, Iiyo was quiot and firm at 013¢@02. Darloy was dull at 8164 for No, 2. Ilogs wero aotivo snd firm, closing stondy nt 84,00@0,00 for inferior to oxtea, Cattlo woro notive and fltm, with ealos ot $2.00@0.40, Bhecp searco and highor. Good to oxtra sold at $0.76@8.00, A granger, o journalist, and n nondescript— tho dispatchos sny a *golontist"—bavo beon chason to constituto tho Wisconsin Doard of Ratlrond Commissioners by Gov. Taylot, Whoro they aequired thoir knowledgoe of the practicnl workings of rallronds, if they bave any, s not Inown. The appolntmonts give gront diesntis- faction in tho State, Such blind work as this in tho ndministration of the now Iaw will oxelto universal sympathy for the ronds, sud justify thoir resistanco to its oporation e A slclioning record of orlmo fa published this morning. A family of six porsons killed, and thoir bodios consumed in the flamos of tho housa that thoy onco ocoupied; tho murder of a man by his wif'e paramour, tho vieim being at tho timo on his knees begging for morey; ond tho shooting of a jailor by a man condomned to be oxocuted within twenty-four hours,—thess aro the skelotons of tho moro noticoablo tragodies of the day, We want more Lauging or less of it; for the proa- ont, a vigorous prosecution of tho formor pohicy would maot the viows of a majority of honost mou, — Cannon, Dologate in Congress from Utah, worthily roprosonts tho Mormon Church, in that Lo has more than ono wifo. His soat has boon contested on tho ground that ho is himsolf a eriminal aud was eloctod by the votes of crimi- nale. Tho Houso Committeo on Elactions has takon & common-genso view of tho case, It is that Mr. Canoon's claim to o sont ia not affocted by tho number of his wives. They rocommend 18 in the ascondant in tho German Empiro, Mr, Lognmhrfii—lfi_sfifitu yosterdny that ho still has faith in the President. Tho voico of such a man ought to'bo Leeded by his dtsciples in timos like these. Ho belloves it to bo good poliey to? ery good Lord, good Devil. All devout inflationists ehould swoll the chorus to his music. Btanley has been mado an honorary member of the Royal Geographical Socioty. Many of tho Now York journals sciesored from their dis- patehes concerning Livingstono's funeral all rof- crence to Btanloy and tho Herald. Considoring tho lofty protonsions to & moral consorship mado by theso samo journals, eir meanness iu the treatmont of a rival is worth mentioning. Now there is an oportunity for the making of amends. \ ~An organization to bo Lunown as the Cook County Farmers' Association was effocted yes- terday by the adoption of a constitution and tho eloction of officors. John Wentworth is Prosi- dent of the now Association. Hisrecord a8 o farmer promises to be a praiseworthy ono, The talo of Cincionatus and his plow msy soon be called into requisition; Obicago people are always propared to hear somo new thing. In the list of signatures of the banks and banking-houses of Chicago to tho lotter to ‘the President, thanking him for his veto of tho Benate expansion bill, appear thoso of the Cash- ier of tho Cook County Bank and tho President of the Meobanics’ Nationnl Bank. Onoe of these banks is that which is known 08 Mr. Scammon's bank, and with the other in the public mind the name of Senator Logan is generally con- neoted. Andrew Johnson, onco Alderman in his native village and afterwards President of the United Btates, {8 & candidate for election ns United Btates Senator from Tennessoe, Ho will can- vasa the State during the approaching political campaign, and suffor the people todecide whother they iave any use for such eervices as ho is will- ing to give. Mr. Johnson is a hard-money mau, Heo avows bis sentimonts on this subject with commendablo freedom. The oclection of next fall will show what is the prevailing opinion in Tonnessea on the currency question, Most of the Englisk newspapors aro accus. tomod to writo nonsenso about American affairs, but the Joudon Times has generally been an honorable excoption. That journal, however. bas gono clean daft over the curroncy quostion, if tho cable roport correctly represents its views. It is made to say that the danger of incrensing the papor currency has fortunately been avoided, end to ndviso the substitution of Treasury notes for the Nationnl Bank issucs. That is say: Wo &rre glad no more irredecmable papor is to bo set sfloat; wo advise the indefinite issue of groen- backs to bo payable at a time indefinite, Lake navigation hus oponed for the senson, ‘but the announcoment brings no comfort to ves- aol-owners. Treighta are raling go low that it is hardly profitable to undertake business. Ono pentloman lugubriouely stated the terms offered to be, **Whoat in ballast to BufTalo and 25 centa perton for conl on the roturn,” Here is chenp transportation with o vengeance, The explana- Hon of the presont doprossion in rates is partly found fntho fact, which wo stated yesterday, that the shipments of grain by rall during the past winter were larger than over before in tho bislory of this city, Both Housos of Congress heve pamsed tho Loulsrille & Portland Cansl bill, By its pro- Hsions the canal becomes the proporty of tho United States, subject to a llon establishod by mortgage. Inthe future, only such tolla will bo clarged as may bo necossary tomoot running ex- penses. Undor tho presont management, the canal has not been at all such & public highway 28 to moot the wauts of people having to uso it; possibly as an appurtonance of the United Ktates Government it may give sntlsfaction to all, At any rate, the experimont wili bo worth mnking tor its bearinge upon tho Choap Trausportation question, ‘Phie Chloago produce markots woro generally steady yeatorduy, with a falr business doing in the leading broadstuffs, and more strongth in provislons, Mess pork was in good demand, and 160 por brl highor, closing at $10.35@10.40 cash, and §10.05@10.67%¢ sollor Juno. Lard was nc- tive, and 150 per 100 1bs highor, closing at §0.05 @0.9734 cash, and $10.10@10.12}¢ sallor Juno, Moats were in good domend and steady, at 83go for shoulders, 81¢o for short ribs, 8}¢o for short olear, and 10@110 for swoet-plokled hams. Lake fralghts wero activo and a shade oaslor, at 4o for corn to Buffalo, IHighwimos wero inactive, and nominally e lowoer, at 943¢o per gallon, Flour was quies and unohanged, Whoat was modor- atoly active, and 3¢o highor, closing nt §1.25}¢ oash, §1.27 sollor June, and $1.37}4 for Minne- that o bo given o sont, and that s committoo bo then eppointed to inquire into his matrimo- nial relations and decido whothor tho morals of the House are likely to suffer by contamination, Mr. Counon will probably Lo oxpelled. Harsh treatment of the Mormons will alienato no votos, o r—————— French seamanship has fallen info such dis- graco that furlhor reforonce to it is ungracious, and skin to speaking ill of tho doad; but tho pleture drawn by Firat Officer Buck, of tho sceno on the deck of the Europe when the Greoce's erew camo in sight, is too mirth-provoking to be pasged without mention. Tho French ofticers, Mr. Buck says, woro completely enveloped in cork fackets and life-preservors, and wero run- ning about the decks like acovoy of queil. Thore is overy ronson to beliove that at this time tho Europe was in good condition, and might easily Lave boon brought into port by s competent crew. Botwoon French cowardico and English drunkonness, the maguificent stosmor snd its valuable cargo wont {o tho bottom of the ocean. —— A London dispatch says that appeals to the charitable have been mado in bobslf of Mr, Bollew, tho English clocutionist who lately visited this country. Alr. Bellow has beon lying in o critical condition sinco his return homo ; but it is hardly credible that he has beon rednced to such extremitics as tho dispatch represents. No man of equal prominenco in Americn has ovor boen g0 destitute o8 to ndmit of an appeal to public charity, Wo beliove, too, that the con- ditions of society in England undor which John- 8on and Savago starved in the streots of London and Otway choked to death in eating a crust have passed away forover. Later reports will doubtless modify the barsh and almost cruol statoment regarding Mr. Bellow. As it stands at present, tho case i3 ono of tho eaddest in recent history, James McHoury, tho English capitallat who was 80 conspicuous’ in the last Erio coup d'elal, is again in this country, IHis appearance is Bup- posed to be in the interosts of tho Atlantic & Gront Westorn Rnilrond as agninst the pros- ent Eno management, Bischoffsheim & Gold- schmidt, also of London, lhave sont over to represent them & Mr. Cassel, who bug suthority to nct for his principals in any emergency that may anse, Altogethor thero s overy prospect of n storm in Wall streot, in which savere damage] will bo dono to tho present Eile administration. It is unfor- tunate that President Watson, who has mani- fested in ahigh degreo tho qualities that are mogt needed for the restoration of the plundered road, is not to bo allowed the pence required for the successful execution of his plans, It is still moro unforlnuate that the loss occasioned by displaciog him will not fall upon the porsons who bring about tho change, but upon ibnocent stockholdors. S—————— Latost ndvices go to show that tho Prosident is very firm 1m his porition on the currency ques- tion, and that the hopes of & * compromise™ aro small. Grant iutends evidently to. keep the pledge made by the Republican party and by Congress, that nothing shall bodone by the country to impair the public credit of the United States, Any compromise on the financial ques- tion out of barmony with the maintenance of these pledges, the President has intimated veory strongly he will not approve. Ho mani- festa an intention, too, to construe his own. language, and not to allow oth- era to consirue it for Lim. Therofore he will not permit the assuranco givon in his last annual messago * to beartily supoort nuy monsurs Congress may decide upon,” to bo trans- lated into & promise to violate the solomn covenauty of tho country with its creditors. Ilo believen in hard mouney, and is disposod to assist tho country to a specle basis as soon a8 practio- ablo. It appears that sinco the voto he has been assured that tho Now England banks are onxious to reduco their circulation, The West can thorofore get all the currenoy it needs with- out any further increato in tho volume of groon- backs or Nutiounl Bank notes, m—ery Atlnst tho Committoo fnvostigating the Dis- trics of Columbla Govornmont Lias found traces of tho pot of gold popularly supposed to be at the foot of Count Fosco Chittonden's rainbow, Willlam B. Moore, o partner of Gov. Shopherd, has beon impli- cated in tho matter, though to what extent is not yot determincd, Ho was tho *fwisked purtnor” of the fim of A, R. Bhopherd & Bros, Kirtland npproached Lim and secured Lis {nfluence in fuvor of DeGolyer & McOlele land, Mr. Mooro did what he could for the pay promised him, He was importunax for the glving of tho contraot to tho “ironizsd" oon- traotors, Ho rocowved no mone,, but he was sbundantly *willin," and waa only pro- vouted from taking & bribe by Kirtland's tennolona adheslon to ail the funde in his pos- aeaslon, Gov. Bhephord disolalmed rosponsibil. sota, Corn \was moderately sotivo, aud X(o Ligher, olosing st 843§@04)o oashy aud 053¢ 1ty for Mooro's aatlon; and up o this tma thare 18 no romson to supposo that ofthor tho Govornor or sny mombor of the Board of Publio Works bhed any knowlodgo of hia rolntions with Kirtland, Bpeoulation ne to futuro dovolopments would bo idle, ‘Tho king- pin of thoe whols row, Kirtland bimeol?, has boon captured in Now York, He is the Sir Oraclo whogo frank responsos will oloar up all the mystory. Mr. Comptroller Hayos has submitéed his an- nual roport of the condition of the fluances of tho City of Ohlongo for tho yoar onding March 81,1874, Tho oxhibit i aa follows, Firat, the indobtodness, which foots up ; BONDED DK O1d fnsues, s, X Now iauch, mi Q7,600 Dridowell bond 240,000 Wunnel bonds, 7 00,000 Gity iall, ... 21,000 Seliool consti 5,000 School bouds, 7. 1,118,600 oworngo botl 2,037,000 Titvor tmprovoments (cannl 2,631,000 ‘Wator bonds,, $10,421, Agaiust this seemingly formidablo dobt thore should bo oradited: (1) uncollected taxes; (3) amouni duo from D. A. Gago; (8) balanco in Oity Tronsury; (4) cash In Now York; (5) tax purchasos, Lheso foot up as follows Uncollected taxes, 1673, Unrodeemed tax-certific 000,089 308,670 Cusls in tho Treasury.. dgovio Due from D. A, Gugo, 507,703 Cash in Now York. ... 1,058 Total ey sevsusiieesasnnansnonnensanns 30,405,310 These funds nre to apply to tho paymont of the flonting debt and the unoxponded appro- priations, which foot up na follows Tlonting dobt.veeeersss 2,040,740 Unoxpoudod appropriation: 1,856,000 Total, $4,400,740 It will b soen that if tho taxes now duo and unupaid, as woll as the unredoomed cortifientes of tax purchases by tho city in former yoars, wero paid, tho entire flonting dobt could Lo paid off, and tho appropriations herotofore made counld bo promptly mot. Dedncting tho water dobt, which is sclf-sus- taming (and, whilo tho debt cannot b increased, tho rovenue is enlarged evory your), tho bonded debt of the city, tho interest upon which has to bo raised by taxation, is but §8,897,000, or less than the amount of two years' ordinary taxation. ‘The annual tax for intorest on this last amount of publio debt is nbout §600,000, In January lnst £60,000 of city bouds maturod, and, owing to the dofaleation in tho Trensury, $42,000 of now bonds had to bo isaued and sold in ordor to meot thom. In July, 1873, $48,000 of tho city bouds matured, and wero paid and cancelod. Undor tho Constitution of the State, the munici- pal bonded dobt cannot be increased boyond & per cont of tho assossod value of tho taxable property according to the Stato assessment, Tho presont limit of tho dobt is $11,205,931. Asthe dobt oxceedod that amount at the time of the adoption of tho Constitution, it {a not likely that we wiil have any margiu for borrowing for many yoars to come. Of the presont debt, $37,000 mn- tures July 1, 1874 ; $100,000 July 1, 1875, and £05,000 July 1, 1876. In 1881 thore will mature $886,500 of city bonds ; in 1874, 895,000 of wator bonds ; in 1877, §272,060 water bonds ; and in 1880, $500,000 of city Londs. Tho water bonds will be paid, and if the city by that time shall lhavo recovored from tho extraordinary expondi- tures caused by the fire, the city bonds will also be pnid ; if not, other bonds may be issued in liou ot them, Tor tho debt, tho city bus to show her sewer- age, hor wator-works, sud hor paved stroots. Tho water-works alone are valued at $6,228,000. It owns real estats valued at $2,266,000, and pub- tic bufldings valued at £2,225,000, The credit of tho city may bo judged from tho fact that in Docember last, with an ompty Tressury, no availablo assots, and in the height of the dis- tross of the panic, Chieago was able to borrow all the money sho noeded to rolieve her tomporary embarrassments ot the low rato of 7 por cont intorest. The Comptroller enters a atrong nppoal in bo- Lalf of a reduction of expenditures, and o con- soquent reduction of taxes, until suoch timo as tho city and the people can recover from the so- vero cxactions mndo upon them sinco the fire. The radieal error in our system of taxatlon is apparent in this, a8 well as in all provious annual atatoments of city oficers: Our municipal year begins April 1. The appropriations for that yoar are made June 30. The rate of tax to meet tho approprintions is fixed in November. The tax iteolf is colloctod partially in January, and in small installments until July or August, when tho tax-smlo takes placo. Tho bulk of the yenr's taxos aro not collected until four or fivo months after the year has oxpired. In the meautimo & now yoar has begun, which bns an enlarged appropriation; the new year has to bo supplied with funds from tho previous yoar's tax-lovy; asthe provious yoar's tax-levy was from £400,000 to $600,000 loss than thio appro- priations for the new year, thero is a dofielt to this amount ; this defleit isincreased by what- ovor failure to collect the taxea may have oc- curred, and thus we go on from year to yoar, tho deflcit incrensing, until now it i8 represented by an immense floating debt in addition to that caused by tho dofaleation in the Treasury. There shiould be o remedy for this, and the only remedy we oan suggest at this timo is o reduction of tho oxponditures for 1874-5 to the oxtent of $1,000,- 000 compnred with that of 1873-4, In this way tho City Tronsury may bo able to recover a por- | tion of tho equilibrium which is annually do- stroyed by the increaco of each yoar's approe priations over thoso of the proceding yoar. Considering tho oxtraordinary evonts which have happened in Chicage during the last throo yoars, the immenee destruction of property, tho aunibilation of rovenue, and the goneral private losses, this exhibit of tho city fluances s very gratifying, It shows that, despite all thoso things, the woaltlt and resources of the city wore nover 80 groat, nor its ability to meet all its lia- Dbilities #o ovidont. If the Common Council would adopt the Comptroller's advice and ro- duce expenditurcs for a fow yoara to sctual necossitios, the flnancial condition of Ohi- cago would bo unsurpassed by that of any municipality in the United States. A roport wag curront about the streets o day or two olnco that tho Rev. Dr. Patterson had ac- copted a call to & professorship in a nelghboring city. We lonrn from tho bost authority that it haano foundation whatever, It probably orig~ inatod in tho romark of gome ono that Lo would conéult his own poace and dignity by doing so, aa {t would bo hard for him to act harmoniously with a man whom & good Presbyterlan proach- or rocontly ocalled * MoCormicl's latest in- vonted threshing-machine," To throsh tho Prosbyteriane seems to be Dr. Patton's pocutiar ambitlon, whilo to unite and build up the donoms ination has boon Dr, Patterson's life-work, Ine doed, lio mny be called the fatlicr of Presbytatinke daz UsalUAU v ~DAMHG LRIoUL ! BRIDAS, MA, Ism in the Northwost, aud Olicago lsnot yet roady to spare him, ————— OUR FOREIGN-BORN CITIZENE ON INFLA- £ TION, Tho tono of tho Journals which roprosent tho partioular Intoresta of our maturatized oitizons fa & mosat hoalthy one on the subject of inflation, The two groat nationalition which support papora publishied in other than the English Innguage aro tho Gorman and Noandinavian., In xespouto to & roquest for information about tho position of tho Gorman prose in the North- wost, Mr. Hormann Rastor has kindly sont us a list covorlng moarly tho wholo ocountry, His loltor {6 80 conoluslva that we quote it in full: ‘The position of the German press against inflation 18 such thit, In fact, you would hnve to print s list of all Gorman papors (with the excoption of porhnps ono dadly and & couplo or 80 of Hitlo 0x0 wocklics) as antl-Inflationtsts and aupporters of Grant's yoto, Ro- publioan, Demooratic, and Indepondent, it s all one sido. Iglvoyon tho list of tho more important pa- pors, all opposed to tho nflation orimo § Now York—Stnata-Zdtung (Indepond, Dom,); dally, Domacrat (op,), dafly, Journal (Indnp.}, dafly, Tresso (Indep, Oatholic), dally, Aboud Zeitung (Indep,), dally, Belletristischo Zoltung (Indop,), weokly, New York Handels zfltuug Eiliopa. ooy, Nowark, N. J.—Now Jersoy Frals Zeitung, daily, Thiladelphin—Demokrat, daily, Crete Prosse, dufly, Baltimore—Wecker, dally, Carrespoudent, daily, Olnelunnti—Volksblatt, dally, Volkatround, datly, Courler, dully, Buffalo—Telegrpk, datly. Demokret, Indiaunpolis—Telograph, dnlly, Ohicago—Stants-Zoitung, datly, Unlon, dolly, TFrolo breseo, dally, Voruote (organ of *Taborors,” Internation~ alist, etc,), wookl Milwaukee—Dahnor ind Volksteound, datly, Boobote, daily, Torald, dully. Bt, Loufe—Wadtlicha Post, datly, Anzelger dor Waatons, dally, Courlor, dally, Ban Franclaco—Californis Domokrat, Abendpoit, Eto, oto,—it fsall onoway, Tho Loulsville Anzerger (duily) s for inflation, or at least opposed fo velo, . An {nflatlon party could not safoly connt upon aa many s & per cont of tha ontiro Gorman valo, Tho nttitude of the Scandinavian pross is scarcoly loss encouraging. The following list comprises all the Scandtuavian papors published in tho Northwest of which wo hava any kdowl- edge. Thay aro all opposod to inflation s Chicago—Skandinavon, daily, Hemiandet, weekly, Byeuska Americanaren, weokly, Nya Yorlden, weeldy, ZLaCrosso Faedorlandot og Bugranton, Minueapolfs—DBudstixiccu, Nordisk Folkoblad, St. Paul Nybyggoron, Kiness Plonscr, The oditor of tho Skandinaven, of this city, thinks that tho Logan-Morton doctrino has very fow supportors among tho men who Lavo como from the north of Europo to aur Northweat. In lm\editurlnl of April 10, the Skandinaven suid : Tit a imo of profound peaco, when cropa ave plentls ful, and but for tho disorder in our monetary affaira the country would bo prosporous fn & degreo olmost without parallel, tho fnsauo cry comes up for moro ourrency, and in tho vory teoth of tho positive declara- ton of both political partics, and the recommendation of tho President, Gougress abjectly ylolds to tho clamor for s hieavy increaso of tho dosoof medielno from which woaroalready sufforing eo sevorely, . . Thero is ono remedy, and that is by an appeal to the ballot-box, ‘Tho fasuo must bo mado, and thot of resumption and inflation {a now falrly bofore tho country, and in tho elections noxt fall the paoplo will be hoard, Thoso two sots of papers ropresent two strong armies of votors, who will cast thousands of bal- Iotsnext fall, against what Mr. Raster vory truth- fully torms * the inflation crimo,” it tho issuo bo forced upon thom. —— THE OLD MAN OF THE SEA, Since Butlor mounted the Republicin party and directod its movements by direoting Lis ally in tho Whito Houso, the party has playod Siubad carrying tho OId Man of’ the Sen to porfection. As Sinbad could do nothing save carry tho Old Man, and was fast boing throttled into a state of wealness which would have forbidden his doing oven that, 8o the party Lae long served only to carry Butler whorever he wished togo. Some- times the Massachusetta section of it has thrown off its baneful mastor, but his friond in the White Houso has boosted Lim up ogain, and the party .in the Old Bay Btate has beon forced to bear him again, The courso this Old Man takes i straight to the Old Boy. Indications of this—whiffs of sulphur from the pitfall ahoad—bhave lately grown too strong. The people have bogun to show o willinguess that the party should be buried in that pitfall forover, 1t was timo to unload, Accordingly, the bill for causing na- tional bankruptey was vetoed. It was a blow that hurlod the O1d Man from his pedestal. Tho pedestal, rolioved from his crushing weight, hoped it would sorve to lift some botter man into power. Dut lo, on the voto to pass the bill over tho veoto, 27 Republican Senators have talkon {esuo with the Prosident, have declared their bo- lief in the Butler doctrine of hroaking our phghted fuith whenever it is incon- vonient to keep it, aud bave thus done all in thelr power to litt that unworthy into his old placo. Thero is olearly no help for it. Inflation isto bo the policy, Tho President may draw himself out of the crowd, but the demsgogues cloge up their ranks and stand by the guns they Liave aimed at the public credit. Let the linoe bo drawn betweon honeuty and specio payments on tho one hond, and dishonesty and firodcemablo shinplasters on tho othor. Tho men who sup- port the lattor altornative desorva to have But~ lor rido thom to political destruotion, They will gob their dosorts. ——— MORE TREASON, The Banking aud , Carrency Commttos of tho Houso of Roprosentatives hes found a mare's nest of prodiglous aimensions, Anxious to ob- tain information as to the cost of printing the uatiounl currency, it applied to various bank- note engravers aud printers in Now York for such facts as they might fool inclined to givo, Onoconcern, the New York Bank-Note Company, folt inclined to furnish not only figuros and osti- mates on tho cost of work, but also certain damaging allogations againat tho Creasury Print~ ing Burcau and tho Columbian Bank-Noto Com- peny of Washington, and the ofiicors and parties who contracted with these concorns, Tho nnture of thoso allogations is not stated, but as moat of the damaging allogations nowa. days involve oithor cheating, swindling, stealing, or bribory, it is safo to infor that at loast onoe of thoso four peculiarly Washingtonian praotices 16 moant, - This, howaver, {8 not the end of tho story, The ropresontatives of tho Washington concorna havo shown beyond cavil that the Now |- York Bavk-Noto Company, while Fort Sumter waae boing fired upon, was alding tho Confed- erates by priuting and ongraving their monoy, and offoring to work night and day to that end! Astounding s thia dovolopment is, we aro informod that more damoging rovelations are likely to follow, In tho pres- onee of auch atroclous and gold-blooded offonses au those, it is probablo that tho chiargos againat the Washlngton concerus will be altogether oolipsed. Mero stealing or awindling {s of litle nocount compared with the corlmo of printing Ovifoderste ahlnplasturs thisteon yeara ago, 1, 1874, whioh long ago havo gono to the pnpor-makors or linod old tranks, Dut eternal vigilanco Is tho prico of liberty, At the samo time, it sooma rathor bnrd that statosmen could appro- printe Confedernto spoons, aud patriots gobble Confadorate cotton, and that = Bauk-Note Company i to bo ostracized for printing Confodorate ehinplastors for Py, with tho appalling possibility that tho Com- pauy may have boen pald off in tho harmloss tags thoy woroe printing, and tho additional point in its favor that tho superflulty of raga which it printod hiolped on tho flunl dlasstor to the Con- fodorrcy, All this, howover, Is to no ‘purpose. Lven if swindling and stesling continuo to flouriali, the Rebollion must,bo put down aud slavery must bo nbollshed, and the Com- pany which thirteon yenrs sgo printod Confedorato promiscs-to-pay, attor the no- gotintion of peaco, I8 o dangorous olo- ment in the community, and unworthy the privilegos of a Northorn American oitizon, Who knows that this same Company was not printing -] monoy for Snntn Auna o quartor of o contury ago? Isn't it about timo thot this farco of poriodienlly trotting out tho War of tho Rebellion and the abolitlon of slavery in connection with public affairs was stopped? Grant that tho Now York Company did print shinplasters for Mr. Mommingor; grant ovon that tho New Yorl Company fought and blod in the Confed- erato sorvico; grant even that it was in tho habit of singing ‘‘My Maryland,” and contributed of their substances to holp rebollion, what particular connection doos that -bave with & contomporancous charge of fraud agoiost another copcern, or, In gonoral, what connection does it have with anything elso ? Ara patriots to keep on swindling in printing greonbaoke in 1874 becauso somo ono printed Confederato monoy in 1861 ? s o TARIFF ON S8TEEL—PRO AND COR, ‘While a delogation of the Iron and Steel Asso- clation {8 trying to convinco Congress that the bost way to encournge our manufactures is to raiso tho tariff 10 por cent, tho manufacturors who uso stoel and iron are potitioning Congross tocut down the tariff still lowor, It is manufac- turor ngainet manufacturor—Grook agoinst Grook. The tug of war fs coming. Tho Douglas (Mass.) Ax Company deolares that it has to uso Eoglish steel in order to solt its goods. It has tried and dis- carded the Amorican articlo, It tho steol-tarifr were cut down,—imported sieel now costs 20 conts & pound ; homo-made, 15,—the Company could export tholr goods to South Amorica, tho Provinces, and Australis, If such rosults can Do gained, why not out down the tariff? Havo ax-makers no rights that steel-makors aro bound to respect? Mr. George Barnes, who manufactures reapers aud mowera at Syracuse, tostified that o could successfully compote with the Gorman and English manufacturors on their own soil if ho wore not obliged to pay so much for imported steol. A reduction in the tariff would give him cheap raw matorinle, ‘With theso, ho could enfely rely on the enorgy, intelligenco, and skill of Amorican workingmen to outstrip “choap labor" tho world over. He knows of many Now York manufacturers who bave putup factoriesin Canada. Ho bas thouglit of doing 8o himsolf. Tho Waysand Means Com- mitteo is still hearing such testimony. May it convert them. It shows that protoction fails to protect somo of onr most important manufac- tures, nay, that it docs them harm, and limits them to this country alono for n market when they might have the world A SILLY LITTLE PRINCESS, There aresome people who wouldn't bo content if they wero Langed. There nro peoplo born with silver spoons in their mouths who grumble beenuse thoy were not gold, and peoplo with gold spoons who grow! because tholr mouths wore not. big enough to hold a whole dinner-servico. Some people go through tho world without a caro or o troublo of any kind. Thoy have no labor to porform, no household cares to worry thom, no taxos to pay, no notes to meet, no anxiety as to money ; cau eat, drink, slecp, tiddle, or do any- thing they ik ; don't have to move on the st of May, go tomeoting, orattend amateurconcerts, —and yot they aro not happy. To this class bo- longs Marlo Aloxandrovns, daughter of thoe Czar, recently wedded to o vory promising young man, the Duko of Edinburgh, with money enough to support & rogiment of average young ladies, howover exacting they might be. And yet, hore is tho Princoss Mario Alexsndrovns, in the fullest shine of the honeymoon, at a timo when sho ought to Lo surrounded by rainbows, roses, Psychos, Cupids, butterflios, and other such un- substantial stulf as usmally accumulates in o bride's boundoir at this interesting period of her existence,—hero sho is, discontented and growl- ing over some quibble about her rank and the otiquetto duo to it. Very fow young women have such an advantageous send-off in lifo as Mario Aloxandrovaa, She s had nothing to do her- self, and sho has marriod & man with nothing todo. He has more mounoy than he can spend, and sho hns moroe than she can spend, Sho has n hiouso of Lior own, a church of her own, and o minlster of hor own, Her husband cannot touch o dollar of her money ora {ewel in her coliac- tlon, and yot ho hasto pay all the houschold ex- ponses. Whon sho was married all the bolls and caunons from 8t Potorsburg to London rang and blazed. Hor journey to her now homo was bestrowed with flowers, and ovon Tennyson, the ‘poct-laureato, struck his horp and sang a now and very stupld eougin herhonor., Bho may follow hor own swoobt fancies in sponding monoy, which In usually considerod the hoight of fominine ambitlon, And yet this foolish child bites her fingers, and pouts hor protty lips, and sulks, because Bomo of tho other Prin- cosges onn sit & littlo bighor up at tho table than ghe, havo their names printod in tho Cours Qazelte boforo hors, rido out behind a flunkoy with o little moro gold lace on bhia cont-tail than hor flunkey can have, and appoear at Court core- monies with a little moro finory than sho, What timo sho should bo onjoying tho delights of the homeymoon, sho is dlscontentod snd writing home to paps, who growls and swoars in genuine Russian fashion, and sots his Ministor of Btato at work writing to tho English Miniater to arrango affaira moro satisfactorily for hia daughtor, Thore have boen affalis of this kind tn our own country. Thero have beon occasions whon tho wifo of tho Attorney-Gehoral and the wives of tho Chicf-Justice and of membors of Con- groes liave beon in decp distross over mattora of otlquetto. Tho question is even now pending whother tho * Vice-Prosident shail call upon tho Oblof-Justico flra, or the Ohiof-Juatice upon the Vico-Presidont, The difileulty of Mr, MoNults, the membor from Peorla, in obtsining o front scat in tho membors' gallory must bo fresh in the memoriea of our readers, But thoso hittle affalrs adjuas theme #ulvys kooner ok Iater, . Vics-Pranldenta, Attore ney-Genorals, Chiof-Tusticos, and Pootln mom- bora aro quite ordinary truck as compared with Dukos, Enrly, Counts, and Princessos, and tholr ospirationa can oasily bo sottled without recourao to diplomatio intervention, Thero s also o show of ronson why thoy should bo discon- tinuod, it thoy oro oustod out of tholr proper place, na placo is tho only es- sentinl difforence botwoon thom and ordinary poople, Liko tho average Amorioan porson, thoy also onjoy tho proud distinction of paying thoir bills at tho butoher's, tho bakor's, and tho candloatiok-malkor's, or belng suod for thom, and of baving to porform cortaln homely la- bors and duties of life, Nobility, howover, dwolls in an atmosplioro elovated above tho airwhich is ‘breathiod by the commonalty, Blue blood clrclos in its veina, Tho rudo blasts of lifo naver find tholr way throngh the thiok walls of polcos. ‘Tho coronet never focls the pang of nocossity ;. novor knowa tho stlug of want; novor has to caro for tho morrow. 80 wo hold that lifo ought to glido on smoothly with the bride, Marie Alex- androvna, whothor sho elte at the head of the tablo or tho fout of tho table, or whathor one gold stick or 1,000 stand in waiting, Lot hor blees all hor Russian sturs sho Lns not to wros- tlo with tho porfldious sorvant girl; that sho doesn’t havo to como down to hash on washing doys, or encounter total depravity intho most ingidious shopos of plumber, painter, and popor-lnngor ; thot sho s not obliged to go crusading among tho rum-shops ; that sho doca not go to tho OCirculating Library and always find the book out that sho especially wants ; and that ehio 18 not obliged to ait up until tho small hours, two or threo times o wook, walting for Edward Augustus, who hss beon to the Lodgo and comes homo 80 tirod with his tusslo with the convontional goat that ho cannot find tho koy-hole, .Thinking of all theso things, Mario Aloxandrovna might bo contonted with her lot. 'Thoro are thousands of young women who would sit at eithor ond of tho royal table, or un- dorneath it, or nover ask to go toit at all, if thoy could have a titho of tho privileges and porqui- sitos of tho discontented, foolish littls Marlo Aloxandrovna, who sits in Claronce Houso sulk- g when sho should bo kneo-doep in olover, —e BHALL WE PROTECT OUR CITIZENS I An uawiso bill is now bofore Oongress. I proposes to dofine tho rights of citizonship. It makes au unnecossary, unjust, and unwiso dis- tinction botwoon native-born and naturalized citizons, by providing that s naturalized citizon who roturns to bis native land and is convicted of some crime committod before roaching this country shall loso his citizenship; asnd that o naturalizod citizon shall bo in a similar plight it bo simply bocomes domiciled in the land of his bueth, It Is, moreover, provided, that all Amori- cans, native-born orvaturalized, domiolled in any foreign country, shall lose their citizonship un- loss they registoratsomoe Conaulnto, oncoin evory fwo yoars, their wish to retain it. This, while it is freo from tho vory eerious objection made to the other two provisions, will put in motion a cumbrous syatem of registry that will do littlo good. It would surely be sullicient if the two yoars woro changed to ton. Unless a man takos the trouble to declare his intention of bacoming subject to another natiouality, it {s ovidont that Lio wishes to romain an Ameritan, Why thwart that wish or bampor its fulfilment by making him go through this registry-process evory twon- ty-four months? The especial sin of the bill lis, however, in the distinction drawn between the native and tho foreign-born citizen, It haa long beon our bonst that no such distinetion oxisted, with tho uinglo excoption of tho inability of tho lIatter to. become Prosident,—an inability that practicaliy concerna only two or threo men in a genoration. The bill lays down tho doctrino that the United Btates caunnot protect a naturalized ociti- zon who roturns to Lis native country and is thore convicted of a crime committed prior to his arrival here. In Germany, the very act of emigration whon tho years of army servico have not boen completed 18 & crime. Shall we suffor & citizon to be punished for this 7—punished, in other words, because ho has becomo a citizen at s time whon our civilization could mold his character instead of waiting until all chanco of emancipation from Buropean traditious is gono? Tho bill provides, again, that a naturallzed citizon sball lose his acquired rights by simply becoming domiciled in the land of his birth. Thus two foroign- born oitizons, an Englichman ahd an Austrian, and a native Amorican may go abroad to go into business at Vienna. As soon as they are domiciled there, the Austrian loses Lia citizon- ship, while the Englishman retains his, Bat if o branch house is started at London, and the ox-Englishman resides thore to attend to it, ho, too, conses to be'an Amorican citizen, In this supposed case, aach foreign-born citizon can do what the other cannot, and the nativo can do what either of them cannot, without forfeiting any righta, It is absurd to paes such enact- ments, They are utterly unjust to the classos to which we owa much of our prosperity, Thoy chonpen the honor of Americen citizenship, by making its possessors roport to tho suthoritics liko schoolboys, from time to time, and by arbi- travily withdrawiog it from others just al the momont when its protestion masy bo most needed. Tho argument that tho bill {s intonded to hin~ dor immigration scoms to us unfounded, It concerns only immigrants who go back, and few of them como here with any {doa of doing that, It is uot Jaw, but common sense, that will soon check tho tido of immigration. Our Inbor marlkot is overstocked, Tho fact shows itself every yoar, in tho incronse of suffering among the poor, It will bo known abroad ere long, and will act ng a moat effoctus! and = groatly- noeded cheak, ———— ‘WEALTH AND WAGES, Some months ago, Prof. Henry Fuwcett pro- pounded & question in o number of tho Fort- nghtly Review, the answor given to which by Lim has caused some lttlo discussion among writors. The question is this: Hes tho improve- ment in the condition of the operative classos during tho Inst twenty-five years kept pace with tho increaso of wealth during the sume period ? Mr, Fawcett, lot us remark loro, confines the fnquiry to tho laboring olasses of England. Aftor an examination of tho data at his com- ‘mand, tho Profossor renohes tho conolusion that tho laboring clasaes aro, in goneral, no bettor oft thun thoy were a quartor of a century ago. If this inference bo in accordance with all the facts of tho cago, it 1s & ead comment on our clvllization, and a rofutation of the theory of human progress so much in vogue, Incommon with the London Economist and other journals, wo are inclined to belisvo that Mr, Fawcett has boon guiliy of tho sclentifio sin of too hpaty generalization ; and that, al though the condition of the laboring olassos in Togland v hod all dhal oan be dealred, b 1s, novortholess, bolter than It way twonty-five years ago, It s an Indisputablo fact that the woatth of England haa incroased vastly singo 1860, It lins, it is ostimatod, morothan quadrupled, The oxporis of the Kingdom, valued In 1850 at aboul §260,000,000, sro now valued at 81,250,000,000, Its imports lave Incressed in oven n groater ratlo. Tho country iy, thereforo, at the very lonat, four times as rich as 1t was at that timo, lMow Las this incrense of woalth bonefited the laborors, or has it benefited them atall? Mr, Faweott thinke that, ovon whoro {} has benofited them apparontly, it has in roality kopt thom just whero they worej that when, foi inatance, the rato of wages paid thom bas xisex 20 por cont, tho cost of lving bas incronsod at ¢ atill gronter rate, Io bases his inforencos on tho statiatic furnished by Mr. Brassoy, author of ""Work and Wages,” o fluds, for 1nstance, that, of tho thirteen clnssca of oporatives en. gagod at the Birkenboad * Canada Enginooring Worls,” six aro now pald lower wages than they roceived in 1854, throo recoive tho ssme romu. noration sa ot that timo, while four aro botter Pald now than thon. An oxamiuation of the ratos of wages paid to the carponters, black- amiths, ete., employod in tho naval-works at Shoornoss shows & similar atato of things, Those paid in privato ontorprises, so far es examinoed, confirm theeo conolusions. On tho othor hand, it is found that mechanics employed on several honvy Manchester and London works aro much better remuneratoed than thoy were wont to bo 8ome yoars ago. Horo, whero the laborera are poid so much por hour, thele wagos have ine oreasod as much a8 one-third, Mr. Fawcott claims, howevor, that this improvemont in the condition of the children of toil is couuter- balanced by tho incroased cost of lving, And now for the explanation, How comos it that, whilo the wealth of England is four times ag groat ag it was only & quarter of o century ago, lor lsborers saro about In the samo conditfon? Mr. Fawcott accounts for it by what is, or what ho nssumes to bo, tho fact that thoe supply of labor bns incronsed In the same ratio as the domand forit. There hasbeon an actual increaso in the population of the coune try spito of emigration. The progresa of invens tion, {oo, and the continued introduction of mae chinery—machinery labor competing with ho. man Jabor—has thrown a Jarge numbor of Lands out of employment. It is an undoubtod faof that, temporarily at least, ovory new macline 1used diminishes the domand for labor. Tho in~ cronse of population Lias been noted particularly among workers in iron, in ofl, snd in woolens, Tho farming population hns, in tho dinferim, romnined about stationary; and thus agrioultural productions have not ine cronged in proportion to the increase of popus lation. Lo show how wmaclinery may compets with men it is only necoseary to mention tho stato- ment of Mr. Nasmyth, that the introduction of machinory had enabled him to dispense with one-half the hands omployed by him proviously, Another renson why the laborers in England have nct had thoir sharo of the beneBt accruing from an augmentation of capital ia that so much of it i exportod to foreign countries. England is tho loan market of tho world, It hax lont largely during tho last quartor of & contury to Russis, Italy, Turkey, Egypt, the United Btates, and carried on immenso improvoments in Indin. The public debt of Russia has increasad from £100,000,000 in 1848 to £800,000,000 in 1870; thot of Ltaly from £30,000,000 to £285,000,- 000 in tho samo space, of timo; Turkey has bore rowed £02,000,000, and Egypk £96,800,000. To all of theso loaus England has contributed largoly. Tho cost of railways constructed in India during the eame period Las beoen £00,000,000. Such are Mr. Fawcoit's views oand their explanation. We may here re- mark that they sro not shared by many; ond, if true in England of its laboring classes, thoy are not mnecessarily true hero; and, it true hore, the explanation would cor- tainly bo difforent, as America has been rather a borrower than & lender of capital, and our agricultural population has boen by no moany stetionary. It is urged, and wo are in- clined to think rightly, that Mr, Fawcott ad- ducos too fow facts to support his conclusions, and that & more thorough sud comprehensive oxamination would lead to different results. The New York Financias Chyonicle romarks that operatives, both skilled and unskilled, are now engnged fowor hours por day than they wero in the time past to which Prof. Fawcett rofers, which is of itself equivalent ta an increase of wages, if not to a8 great an in~ crendo as the Chronicle asserts, viz,, from 20 ta 25 per cont. There is also some truth in what the same journal remarks, that the incrossed comfort visible in tho hnbitations of oporatives is evidence of an improvement in their condi- tion, The deposits made by them in savings bonks confirm this, The patrons of theso most useful institutions are genorally me- chanics and lsborers. Now, in the Stata of New York, since 1857, the aggrogato of deposits made in saviogs banks has risen from $41,000,000 to $285,000,000. Tho Increase has boon » constant one, In sixtesn years thoro hias been but oue instance of an interrup. tion in tho incroase, This was whea the War broke out. The deposits stood, Jau, 1, 1861, a1 $07,440,307, Jon. 1, 1862, they had fallon off ta £04,083,119, Sinco that timo thoy havo been continually inoreasing, n demonstration that oven the laboring class in this country can im- prove their condition, Mr. Fawcott has dircoted the attention of thinkera to an intoresting question ; snd it ix probable that, when the faots of the oase have beon mora closely canvassed, his deductions will ba found not Wholly corract. Turkey has just had its fivet strike. Tho new QGovernor of the Island of Rhodes recently noti- fled all tho boatmeon aud akippers of tho islaud that thoy would be obliged to pay a monthly tax, decreod at Constantinoplo. This order causad an unusual commotion among the bontmen, and, after disoussing the matter for some time, they dotermined to strike, Accordingly, on the arrival of the French and English ateamers, noy a boat put off from shore, and the passengers wora of course the suffercrs. Although it was the first striko tho Pasha had ever hind to deal with, ho was nob at all disconcerted. Before the day was ovor, all the boatmen wero eafely enaconced in jail, and their boats wore manned by seamon from ono of the Turkish frigates, The Pasha ovidently has no ides of temporizing with strilors, —_—— Oharlos de Mazado, in the Revue des Deua AMondes, hos o word to sy on the fele of the Priuco Imporinl on March 16, onapartism on that day spolto out its hopos by the mouth of o young man of 18 yoars of age., Do Mazado tmnl;m that tho fete and its demonatrations werq sorty exhibition of sympathy with TFranco, on the part of the adhieronts of the late Emporor, in the hour of its sorrow and its trial, with the France ‘“ravaged, ruioed, end dismems bored by his fault The young man, precoclously oool, bus nod W owod &