Chicago Daily Tribune Newspaper, May 2, 1874, Page 6

CHICAGO' TERMS OF THE TRIBUNE TERMA OF AUDNORIPTION (ravADLE o Almmn).8 fl Post, o pravent dolay and mistakes, o sure and ‘g o coaddrass in full, inoltding Bato nnd Counts i Tomittauces may bo mado oither bydratt, oxpruss, Post Officoordor, orin regiatered Tottors, at ourrisk, * TANMH TO. OITY AUNSORINELH, Dally, dolirerod, Bunday exconto, % conte. par woeks ! Laily, deliverod, Kutdey Includod, £0 conts yor wook. ' Address THK TRIBUNE COMPANY, Oornor Mndison aud Donehiora-sta,, Uhloago, It ' TIIEATRE-Madion stresty bobriedn, e:mfifixz}smm Engnggnont ol tho Alios Opora: [l‘ouflu'l’mu;vfi Alfornoons ** La Porloliole." itvoning: ATRE-Randalnt stroat, hotwoon Ol O o A T Bttoots of Now York. After- ‘moon and oroniug. ACADIAY OFF MUSIO- il 0. :-""I'En':"fi- il Arkanans Fravolor. 1} ltmul‘lmlwnnn Mad. of Trank® Olianteau, ' E\fama e s ] A-HOUSE -Manros strtiet, hetwasn! nl‘ifl.'fil‘r.‘.n‘.?'éfim. nomnmn, Cottan, and’ Komblo's | i train. - Stinstroisy and. comtiontitign. " v All's Well | thiat Knds Wall.” Aftornoon and ovopinig, * | ADE"’I“ TlIWATnE—Cnmur of Wabnshi' avonno A Congeoss ‘streot. Varloty onterfalnmiont, —Alox. Ptiec et LAt Bignor Coustaning, oo, Aftornoor | and otaning. 1 SOCIETY MEETINGS, 8 E & 8 M.— R., 8, K. at Masonto Tialh 6a LAOM OOUNOCIT: NO. PR M-Bmhl, of §ylom et N &8, &( will b s greniog, Vi “'?""""’n""’v' ':"'é' ol fae b fi'\‘l";’nn"y'x‘fif{“'x‘a‘y a. i ? E B R T O i mm}’ Tocordor: BUSINESS NOTIOE! ALUCRATIVE flUSfN V88 POSITION, ~TIIR' NION Usnteal i Trmneanos Compary,ap of s st e ous lifo nnm‘mnlufl 1in the apuntry, with assots. I tho Statos of Illinols, Judlana, SRS e of S poallog'wil addeens’ N IIARRIS, Boorotary, Cincipnati, O, TING TIIE WRONG . DISEASK, MANY uflf-‘frfimun call upon tholr family’ physiclans, ono with anothior with' paiuitation, .atotier selth thot with pain baro £nd thero, rosont aliko to_themselvos and ému‘i’ aront dagtors, nopamta and dit- 110t Gisansos, Tor whioh ho prosoribos his.iila and po- g, namami thow to bo suchiwhon, du vy, s eo ptoms cauzod by some :"Ill‘;tl’:}lhnl only nble ])nl'hn|\'| Ioim\llnhl fLor, Aflmn, they S IRnorant of tho cauo, and oficourage tholr praotice it Tarma billa pronede, whon' tiip milfering pntiouts aro bo botter fu thy end, Lut probably worso for tho . trontmont, natother onmpitcatiots made, aud whi ch & bropoe mniicin tirolod toth cauzo woul havo en {ifolysomorod, thoraby “inalltutiag, oalth snd Sointort of prolongod injsory. AR e omiDA £ BY. Otatm, Blindo, Athions 0oy e & V. Fiatco, Buftalo, N. ¥.—Your tavorite ecrintion u wnrk(n ARt Sy Lottor alrandy than 5 ‘have boon for over two :ann From K SrArFin, Yauowilio, Tnd. Aug. B, 18723 ¥, Fores Trocatved (i sty nd font int, and st mrmadiniely, A% roshiyal o reamont L0 than 1 T foF tlirao yan %ffifi! "i’n‘é’.’ i i ke, oauu, L Mareh 19, 5%, Dloten—Tho favorita prosartotion hes donomo good, wilch 1 ani vory thankful for, ro- m The Shicage Teibume, Soturday Morning, Moy 2, 1874, ° NOTICE TO ADVERTISERS. , Tho continved demanda upon o spaca of the Huu- dny faguo for advertising purposed forces us to renow thio roquest that advartisora sball Lund fn thiete notices at the carlfest possillo soment. “In this way alono, én insortioh and propor classification bo Inaured,” Soseotary T oliaxdeow has tho orodit of roport- 1ng o reduction in'ttio | mlm dobt durdng Agnll of anearly $3,000,000. Tt ofciallyatatedwhothor tho décronse in uchml, constructive, orapparents’ nor aro thoro any means of - knowing whether these good rusnlba ~wera' reached hy dualgn or thrcugh tl.m ronl.mn proceas. The Eunutnm who voted against tho Currency bill -and in support of the veto' reprosent &' conglderabln . mnjority, of ~ tha- peapla,. .and [ about two-thirds .of. thow. weaith ; of the' country, * Tho. tost-votg' \flm e to 30 ¢ in fayor of the lnflallamais. ! Berator | Washburn's ‘namd_muat now boraddod to’ tha i numerical mmnrlty‘ Honppeurna in tho.Bonate |! yostendmy, and” wae m'\-o(n in.. ‘S0’ ‘tho*pipor-' I ‘monoy pnrty liave - aulx‘,p mn;loru.y throo |i Sonators, and their strength ia drawn from um [ lonst educated. and most povarty-stricken euc tions ul thn country - Afamlnn is provailing 'in Asia Minor. IHI . ostimated that the-dnily number of deaths from starvation iu tho Town of Augora is 100. An- gora is 285 miles distant from Cauamltlnoplo and ‘i o city of 80,000 inhnbitants, If tho distross there is 8o great, tho condition of ‘tho |! !| 66140 sotlar Juno, ! Byo wag in fair domand dnd intondy, at 91@02. if firm, Jmm. Lnrd waa uuvu, nm‘l 200 hlghnr. oloshug, ‘| \nt #10.00@10. 123¢ cnoh; and $10.273{@10.80 611 or Juno. Monts wnro in f 3l lnmu\d and stoady,: at B3t tot shotldors, 81ga ' for short ribb, §3¢o! sfor shiort. clnnr. and 10@11u for, Bwoot-pleklod ' hinms, Ln]m Trolghta woro notlve and unchnm;od, at 4o for cnm to Buffalo, Ilighwinel, wore moro active, aud 1¢o lowar, at 040 por gallon, Flour wag quiot.and’ firm; ¢ Wiiont wan notivo, and lo! bighor, tlofing nf B1.37 cnsh, 1:281¢ nnllor] Juno, and Ql‘fln}{ for Minnddota. . Corn wag no-! tive, and J¢@3go highon, clostog nt 66 cabhj | Oats woroe active and n éhndo! ligher, closing nt 463¢ccanh, and 480 sellor June, ! Barloy was dall, but noniinnlly stronger on No, 9. | Tiogs Woro otivo *and n thado Jowor, soity At $4.50@8.90. Cattlo wore notive and flim, wflh' enles at €8.00@6.40.. Bheop wore soarco and' Thisfs: tho month for Loolesirstionl Conven- tions, and nlrundy tho Routhorn Mothodlats have come togotiior in Gencral Conforance. . Tho first ond most enduring offect of the War of * tho Re- bollion wes to soparate and keep asunder nenrly ovory ono of tho Protostent donominations. The Methodists and * Progbytorians aro still divided into Northorn and Bouthorn Ohurohes, and tholr annual Assemblios and Conforencos dovote ,muol* timo ovory year to reviving and di-cuuulng tho -dead fositon of tho nnat. Tho Southern Methodists bogan tholr aquslm_: yostorday by considering resolutions in ' relation to proporty bolonging to tho Bomlmm Ohurch 6n1d £o be irongfully in possesston of the Nutth- orn Ohurch. And'so the weary quarrol goos on hhong the yory- pooplo who ought to have beon tho-ffst remmcilcd, whilo the Gentilos and douls less politiclans havo mutunlly ngrpn}l to forgive and forgot, * Mnhml insurance. companioa will be concedod a nbato. ip.tho Gunova awnrd, if tho “advico of the House J\Idlolm-y Gnmmntun provails. The bill a8 now draywn providos that tho moneys re- funded sltall bo divided smong: tho stockholdors nusnsumi 0 mact tha orignal losscd, and that no stookboldora aliall xocover for:war premiums paid.: Mish eompln.lnt has bBeen oconsionod: by tho delay of Congress in’ diatributing the money recovered , Among. tho porsons wlman losges it was intonded o indomdify. Roferonco'was Tindo to, tho impntl Co Of Mm people in the Senato | ye J mou wai mnnllostotl to tako up “and pass the I\ an doon ns’ pusslblu. Thero is n sugpicion umb Buller is molding the bl in tho Houco Committes in such o way as to. favor Lls own clionte, .oud tho porafstonoo of Congross ik further delaying aotion will only | incroaso the nu:mLy o! olnlmunu uudar thu B m!.J e 1 l(h'fl&ud w8 hrullght hnrm‘u the DI!h’lulI vestigating Cumlfimuuynwtordn and oxaminad, Itis nstonlshlng Loy little ho Luows nbout tha meabs’ By’ whicli the Dn(}olym &, McClu!.lmfl paving contract .was procured. Evon- his own Iabiors, for.” ‘which = the, “contractors. * paid. | tho hendsomo sum of §72,000, geom” to || have Lifd. an’:impalpable: ‘assonco ' which |, i dofies dcscrlpflou in” wordo; Lo could ;:lvn no ‘titelligent account: of 'thicm. Tho ‘way the i monby wont lod «straight info Mr, ‘Kirtlind's | pookots.- Ho abeotbed overything. Moore, Go Bheplicd's partnor, got many promisos to pay, but they woro ncursed irroddomablo cur- roucy—not grcoubneka, but Kirtland's onr- . ronoy. On_ tlio.whole, Mr. Kirtland beat the [ Committeo at their own gome. Howas as- fuont and tractabloa witnoss as Ohittendon, and ngnurlmc« wna 08 dendo |1 impnnntmblc. Kistland ‘should huve tronbled Timsolt ‘to koop iouf of the way, and only have comno botore tho i Committes under compulsion, iunmystury. & {man who knows g0 litlle, or ono who Las the jability to coneeal 80 much, nood stnud iné a.rn of|: jno human tnvuuugntlon, o "¢ b Ex-Bnnre!nry Boutwell kng mm]u 5 shtement to the Ways aud Means Committeo in rogard-to- his rcapnnmbimy for the Banborn swindle. Ho |, .mpponu Tichardson and Suwyar in tho assertion that Bolicitor Banfleld know moro “of Sanborn ‘and tho dotails of his odntract: than any other |! nmcor of the Twnsury. Banfleld's initials ap- peoplo fa the”conntry region must bo terrible, Ipof ou tho first diaft of tho’ contunt, and,.in Bimply nammlury to the Iabors of Christisn missionaries, tho snumng of rolief to theso famishing msn and women would bo & noblo enterptigo; ard, on the broader igrounds of a} common Luminily, it should bé a hundred-timas bleseod privitego. 3| 1 ‘When trado is dull 1n 8%, Louis and the busi- ness world soems’ hollow to hor tradésmen, and thioro is no bridgo-ltem for the hungry-roportars, somo benovolont gonius alwaye comos up smil- | ing with & proposition for tho ;zemoval ‘ol tho National Capital to * soma point in tho Missla- sippi Valley.” This unambiguous, modest phraso of courso means 8t. Louis, There is no other Inhabitable * point " availablo for the C'npl!nl ne- cessities of, the nation. It is a gortain indication of very woful times in 5S¢, Louis {hat theso Capi- tal-movers aro ngain in tho van, shricking about tho wants of tho *“basin of the Mississippl.” e Council Bluffs will, in all probability, bo named by Congross as the Eastern “torminus of the Union Pacific Railrond, * A report m\'uring suoh action has boon agroed upon by the Houso Committeo on Pacific Railronds. This is & wot- tlement ot the lohg-standing 'dispute botiween the railrond anthorities and tho Govornmont that will be genorally satisfactory,. Cdnpmorlng tho taxos that tha poople of this country annu- nlly pay to meot:interest on the Pacifio . Railrond debt, it cartainly does not eavor of oppression to insist upon literul complianco with the law on the part of tho Compavies.. Wo bolieve the in- terprotation of the law made by the Houge Cor milteo is correct ; but, even if ity mnnnlng Wi doubtful, tho result is still untlnmctm—y. e — Gorman hondholders in Amorican railroads havagent over to thia country to protect thoir intorosta n Ar, Ostorbarg, editor of a nowspapor piblished at Traulifort-on-the-Main, Mr. Os- torborg's cliontu aro apecially concornod in tho Rookford, Nock Tsland & 8¢, Louls Tailroad, This road has o bonded debt of #0,000,000, of which all but 225,000 la hold.- tn Gormany, Do- fault bag been made in thopaymant of Intorost on theuobonds, and Mr. Osterborg ‘& minelon is partly to placa the real ownera of tho road, the Qorman capitalists, in possession of mulr Proporly, Amerionn credit in Gormany, which once stood vory high, has . eustalned many sovere shooks Guring the past few years,s What will bocomo of it if the inflationlstedn Congrose earry the day may Lo easily Imagined bt not described (o' Mo xupntnblu poart of tho English lnngunge. 4 0 producs msr)mlu Wore gonorally oy, with iora busifidis dofiig; - peptiin provisions: ™ - Megs pork was-in gfind do~ mand, and 10@16e per brl higher, olosing at $10.60@10.00 oash, snd §10.73%@10.75 moller the'light of Mr, Boutwell's ‘teatimony, ft:is'|, ‘impossiblo to.doubt that the: Solicitor in ns ‘much to blamo in tho. matter as any ono .of his uesaalntea. iMr." Bontwell admits ‘thatle In- ‘structed all Yevanue. officinls to-nssist Banborn, ‘and nmmptn to 1namv his course in doing so. {Undonbtadly.his. fanlt‘consisted in-glying theso i instructions, and in conducting the Banbom |, mattor” withont emm\lung tho Commissioner of Iutm—nnl Rovenuo,: NMr.- Doutwoll saye that hig ‘netion” may" huvo boon ' fcehnienl violns: tion of tho law.. Wo say, then, that technieally e was wrong ; that Lo was accustomed, during" his administration of tho Treasury, to freo. and ‘onsy treatment of tho Inws; 'and that Govern ment officers havo not the discrotion, which Lo ropentedly nna\\mad, of emuohmg onco tho law to their nulhum Politics in Novn Beotin is-ass uncertaln o aclence a8 in othor countries, Mr, Woodworth, & membar of the Provincial Legislature, had " ex- | perlenca of tho fact, the other day, in & novel ‘and not delighttul way.. IIo had made clmrges rufiucung tipon the ‘Provineil Beerotary, and Diad been ordored Ly tho Logialaturo to apolo- gizo. Bo'far a8 appeats in tho dispatohes, tlicrs was no motion for an inveatigalion, but mnmly nporamptnry demand for o' withdrawal of tho nco\muuon. Woodwortlh. yofused to” npolngizu 'or, to. leavo tho Lr.-glalnuvu Obamboek. penco- ub]y, whoruupon he “wag'* ojected . by forde. Evidnntly thorights, of leglelativo Lodies aro not clearly determined in Nova Scotin, Tho poople thore may favor & bald deprrturo from |)nrllfimontnxy usngo; possibly they may ostab- lish o specles of despotism not included in any | of thd old categorick,: It would bo for the in-: terests of tho “ party” to introduce itle inven- tion at Washington.” Tastend of theso wrotchod Investigations wo eliould then have a series of formal apologies from tho honost mon for pro- suming Lo sit in tho presonce of tho Credit Mobilier, Paclfio Myll, aiid Distrlob of Columbla fombers, Qov, Taylor, of Wisconsin, has isaued & re- markablo proclamation in regard to tho Rail- rond law and tho oxpressed detormination of the Milwakoo & Bt Paul “and North- western COompanies o disregard ita pro- Vislons, Tho tono of tho documentis mauifostly portisan, Tho passago In which it in attompted 4o arguo the case of tho farmors ns against the rallvonds is \m\mnhy ofa plncn 1o a Btato paper. But the podttion agsumed, by the Governor'is sound, - ot Lold thst tho law Is law, and that it s Lis duty to' gee that 1t s nhnynd.- It ey posisibly ho' dofeotlve, but that ia & quastion for the courts tn dulv.la; and, in tho :moans* tme, rosistance on gye part of tho Companios to its operation Wwill only ronder moro grlnvo\la um bm'dnnn‘ of . which- tlmy complain, The offoot of- tho Govornor's pmwlnJ “matlon wiil bo luakod for: lth groat mlmn n ‘oll parts’ of tho' ummtry. An open confliob buJ twaon tho Bxeentvo of o Staté'and two powerfal dorporations I #'pliade oftho rallroad’ question whioh hnn noyor before’Loon, Prosentod, , Wu prlnz this morning ‘an' appoai from l\‘rr. Jolin Wolal, ‘Prosidont of the Jontonnial Board: of Financo, in which ho invitos bhis countrymon!{. in all parts of tho' Union'to unlto. in making tho! ntfair a suceosn and o oredif Lo tho nation, Tho! mnndgnmont of the conum al lmvo, nndn 'huh' oharter, placed tho sliaros of tho ptook at eto, thus unnblln(g nlmust ovory Amorluan citt- zon- to acquire .. proprictary. Interost in the . Exposition, - and:to, bocomo n- Qiredt’ contributor to tho grand cnmmumninllnnx of'the foundation of the Tepublio, ‘To onch’ sharcholdof is Issud & Landsomo mumorhi sultablo for framing. and prosorvation; rnol!.lug‘ that tho holdor had pmlouunlly contributed’ of big means to celobrato. tho one-lundrodth nnni— vorsity of the Declnration of “Amorican Tndo- pendonce.: in tho appeal of Mr. Wolsh will bn- “found Iuitruotions ;jaow td stbsoribo anll Liow to romit tho ‘monoy, and all tho pnrflmflnru. Blmn- lmldeu are to aharo tho pmfltu, 12 any adetue, of | tho.]'}xpeslunn, whish 'is_to begin with tho 10¢h | of April (anniversary of tho Battloof Le‘dnm' tonin 1776); 1876, nud continuo untll the'10th of | Ootobor (anniversary of, tho mn'mudnr of tho | Britiehat ankluwn) Itis diffeutt to imagino B D010; pntrlollc exhibitio than o' grand uagtanal calobration of this kind; if paid for by tho volun- tary subscrlptiond 62 tho “Wholo- poaplo, or oné that appoals moro strongly to tho prldc of ovory Amorionn cltizen:. ® BWNEB AND BOHURZ. Our rondors will 02d- o full report of Gunnwr "Soburz’s oulogy on Bumnor n, #ils moring'a pa; por. Thoro was uomnthlng pmuhuly -gracoful and appropriate in tha nuluuuon_or curl' Sclmrz to be the mfluglnb of gront Maaunolmh Aotta Sonntor. md tho his . ohoico friond Schurz. v when, tpo largoe for party, ho- refused to: bo ltn slave, and the mon of little'tonls and shallow biaing, Who could noltlier feol rior thinkas aroly, nor a8 duoply 08 ho, londed him' with reptozchl Sohurz was his, frfond and eamfartor. Schurz's prlvflagu, too,»durlng tho whioh' enme to tho great atnlasmpn, B9 later. thoy como to ali who, ‘lilko Nm, aro_ in advance of Lhnlr fimnfl,—to whispor to him w of cheor, na muuz, thioroforg, ¥ t" Beliuy; who knew him and bad boon with hlm, and stood by him whot g0 ‘many who had boon Lia'friduds doserledbhim, shoulddoliver hiumnmorhlndd.mn. 'rum aro othor ‘¥dagons yot: why it was nppro- prlnzn. ~Na “othor pub]lo fnai battor undexstuod Bumnlt'm No othor was by.' udncnflon, by branrl |, and. vnrludnchnlarnhlp by hll ‘casmopolitan ol ' turo afid mliiy-sidodnoss; do woll fitted to'un-' dorstaud him. Bumner,. was, " liko his e\noglul, tnu grant fof party. Like lmn;lm hnlud uln\ er,v i’ ovury “shape,” “lmumx tho nlnvory,nl Lhe cnl- orod man to the: white man, i or -of( prlnclpln or. alntuumu.nahlpm il Eumnnr, like' Hchurz, wasa ulenuat in nolltlns, not an cmpln . The, ‘ two viewed tho practical iri tho light of’ tho theo-' | i rotical, lmfl Chn theomuunl in’thio light, of th m’nutinnl flnhnrn ‘andoratood - Bumnor's - lofty mouvu at all times—motives 5o high that, alaal, ,meithor the average Cougmssmnn nor. the,aver- 1080’ polluulnu could-ranch them, * It was woll, boeides, that- the ‘mosb* uloqnnn ,of our Benators shiduld: by called wpon to pay,the; "lost mbule of praiso to the ologuent’ Simng that tho gréat Westorn statesman: showld do’ honor to tlm great alntosmun of tho East; that ithe lomign-bom, tho ' moat lmnnrod of our ndoptod ulnzuns, should bo invited to vindicate hie life'and chinracter of tho d!sfingniflhad sonof Mnssnclmsetts. , Bchurz was lndand ).\nnoruil whun the 3mnt compliment wag pn.hl him by flmt n.nclenb Cnmmonwanuh, reprusenung 80 mwh of: tha cultum and substance of the , nnelon, 0 {abounding in eminent lawyors, wrifers, orators, any. one of, whom, would . Lave -folt. most highly flattored -.to ~‘take .his placo,—of tosking * him ' to’ ‘becomo’ ' the oxpositor ‘of tholifo and yirtues, of hor graatent. cltizon. Ho was honored, but Massachusetts Lionored ibersel[in honoring hit, *It was an ‘act of recog-' inition paid to tho abilitics of Miesouri's Senator. ‘stich ‘ag was novor ‘beforg,paid to a foroj citizon by Massachusotts .or any Eastern ‘But then thore ia & olflzanahlp of -tho*intollect, and brothers of the mind rocognizo one anotlor, Wo congratulate Senator Sohurz on tho coms ! ‘pliment paid him, - We congratulate Masenchu- sotts on the good tasto manifested in itd choles’, of him, and wo commend. tho. porusal,of . his | aulogy to all persons who love truth.".nlnqubnuo, and justios. Wo hopo that hor noxt Senator will| omnlntn tho conduct of hor Inst. * Mnaanch\mous caa'do no hnttnr than enrry on tho war begun by \Sumner against slavery to party.’ Lub us have frdedom of thought m politics. .~ ° ' THE BOARD OF TRADE. Tho Doard of den i8 in trouble, which may Yo sorlous .and may bo slight, Tho Bou-. com- prises two great soctions—provision and grain dealors, 'Tho formor have nanally aold Dy aall. Thioy wish to mnke tho practico a genoral ono, but the gmh\ moen objnub. The matter was lnought to voie yestordey' noon for tho third timo,’ Tho intiovation ivAs rojoctad: A nhm’ timo aftcrwards, the Scurntlry of the’ Board of Trade cutored tho hall and announped - that tho Directora lind decidod that gmln should bo sold on call; and gnln wag 80 sold yfintorduy I\Q the hour of adjournmont. 8o tho'mattor stinds now. "’n.ls. howevnr, fa, ouly tho outsido history. Tho-rensons of the Diyeotors' nction Ite deopor. The Ghnmbor of Commerco and tho ‘Board of deu a%0” bivo differont compauics, - ‘Cho lattor bas loased tho formor's buitding for ninoty-nine’ yonrs: Some provision-mon havo boen heavy holders of Chamber of -Commerco stook, Lottorly thoy have complained of tho inconvenience of climb- iug sovonty-eight steps to ronch the hall (itisa story higher than it wae boforo the fire), and have sold, it muoh’ of ‘thelr slook, This, wo undnrumml, hos boon bnught largoly by tho Board of 'l‘ulle \Dlraotnra. Tno lmar, «tonring lost tho provlalon'mnn shonld socodo, cut -the Bosrd in: two, and so diminish tho valuo.of. )| Chamber of Commiorad stock, tried to humor them by voling that: gtnln n!muld' horoaftor bo mold ag , prnvlslonfl nxo.—on' call, It ls uncortai’ wlmtlwr tuls will,; pocomplish tho dosired end, Tho nruvlulun “doalors, backed by a fow operatora” ln graln, may souudo gnd start Board of thelr \own., Tho vacant lota on LaSallo stroof, oppo the-present: City-Hall; havé'boon. talkod of ‘ds tho elto of tho new nsso- olation's bhall, should this schome come to any- thing. I it doos, Ohlongo will be unique among DAILY - TRIBUN o SATURDAY, oltion in having two Doarda of Trado, Wo hopo Ao mattor will not go so far, . Tho. intorests fu- _tmet_nd to thoGhieago Board of Trade ato too vast andtoo vitalto bo sacrified to poraonal dissonsions or the difforences of cliques, "Tho Chamber of Cotmmerca butlalrig 1a ono of our falrst morm- . mcots, ‘and o'united and honorablo Board of | Trado ought ‘to bo tho maitialay of our com- morco and trado, ¥ BROOXS AND BAXTER, . . . The Now York Jloraid publishen long atato- imenta . by. the ‘two Governors of Arkansns, -Brook séta forthi that Lis elootion 18 ndmittod by ot parties, Thia lu substantially trio. Dax-, tort mqrnly #ays that if thora was fraud ho Jnow and Inowa nothing * about it. Thero ro none 20,blind 2 '{hoso who won't soo. Brooks con- ‘tinues with tho agortion it tho-mnjority of the Loglaiaturo was .olected Dy tho frauds that put Bastor iuto powor, aud' that it theroforo rofuised o ovon hear Lis- petition for o trisl of the olcutlun, but's ‘rofectod ft without ronding it * This wos not o determination by the Logis-. Intura that, Baxtor was oleoted or that I was not | -1t was simply o refusnl to dolurmln‘u anythiig,"” " Baxtor doflod tho Conrts, sout an: offlcar to tho Bupremo Court-room to proclnim martial Inw if that Court should decide in Drooka' favor on tho firat suit (which .was dis- missed), and declined to dofond himsol fn tho| Cireult Gnm't, which finally gave judumnnt for Brooks. -All'tho Stato officers, aavo tho Seoretary of Biato, recognizo Brooks as Governor. The: Auditor and Trnazuror rofiso to Lonor Baxtor's drafis o, tha Stalo Tronsity, and tho Intter.is . thereforo . fnroud to dopend for the support ol Iuts troops;upoti plundor. Brooks will not leavo | tho question - to- tho Legislature, booauso thnt body ca, only.decide sucli mnttora wlion thoy nre uontnmd' it cammt, of itsolf,, count or re- count: &’ vnlo. This ples is vnry shallow. lero ia‘ o " contest, | If Baxter sppeals to thio Logislature, ns Lo will, it . suroly hiag's right to considor the mnttor, On tho other land, { tlm Loglulutum is notoriously corrupt, and dapnnz!n for its oxistence, in.groat part, upon the vnlldlty ©f tho count, that elocted antur. Its do- el quld mavo nothing. tor’ nys tho Senate doolnmrl him elected by 8,200 mujority. -Tho samo Logialatura olectod Doraoy to thio United Statos Sonato. Soon after- wards,. Bonators Olayton and Dorsey, and'Oliof- Justico MoClura domanded that ho shiould ap- provo of varfous: isinfol schomos, -such as o LIl togivo £6;000, 000 to cortain railronds, auother to authorizo the pnllco to arreat anybody tmynham mthoul. arrant. and dmg Tim to tho Capital for trinl, and ‘ANl ‘anothor, which pne tho unmo control. of ;.olestions in’, tho hands of. threo Hu -rofused, - nud thoy Detamo “his ouc\mas. " Whon', tho . first sult" Agawet him was dlsmlssud umy oungmtn!nted him, Eoon nl.'lomnn]a, Clayton domuuflnd that ho abould dlsbnm.'l tho Btata ‘militi tmd throatoned thiat if he did not, ho, Clayton; e uld, by Q—d. hiave tho dismiseal annulled. Baxior yielded. ‘The militin wos disbanded. Then the old- and forgotten snit of Brooks in the Clrenit Court, vbluh cnnusul on both sides had once- ngroed to dismigg,: wag xuvlvafln Clayton-and Dornny come t6 Littlo Tock; * Thoy .offored’ Baxtor a Unitad Blates Judgoeship (mcm., tho Civil Eerv'lco has been ro!nrmufl) and “gs much money a8’ ho wanted, i it o svould shut his oyos to the frauds by which thoy meant to cnrry the Btate, Ho rofused.’” A husty . judgmont - was given ' in" the Cirouit (‘nm—e. * Chiof-Jun- ucu"’l\lcoluru happencd nluug convamunuy ' to administor the oath, and Brooks ‘seized - tho o [; Stat Kou!o. ‘Each of theso busy B.'s oxpresses an'ardant wiah to be lot loows on tho otbior, It thoro wers no United States troops thore, un- utterable things would lgppon, ‘A few bayonots, howover, maintain peaco,—that is, what is called poado ‘fn Arkansas. Tho only unquestionablo !fact about the squabblo is that each contostant | is méro wrong than right. No doubt “onch | obtaing intense cumfau by chlnhng this of H.\u \‘othm’. o There in 8 kind ol grim gatiro in tho Intor dis- plWheB from Brooks and Baxtor. The ssme dlspntuh w).uulx commences W ith the I.nrcrmation that 'Wiho situation romains unchangod i con-, uluduu with tho description of o battle. botweon {tho Baxterites and Brooksltes at Now Gusuouy, «where the latter wore commlmng somo dopreda-’ Llona, in which e\uhb or nino of .tho Iattor party weredispatchod to that boursie whero holhger- .ont Governors trouble not, and twenty. uthnxs will for some time bo indisposed and bavo an npportuni!y to rofloct upon theix" folly in slding |: with efthier of tho claimants, This batllo ook place-in a locality, wlhora thoro was no possibllity 1of interfororico’ from tho United Stato troops, «ond, \tho decision from Washington is' only \vnflnhnld for o short time longor, ithoro-'is- & falr prospect that the, rival iactions may find othor opportunities for dlsplay .ol vllor, and porl.\n[m in the next bout some-of, 'the Daxteritos may be planted Ingome qulet placo. Thus, Jittla ot o timg, & groat’ denl may bo.accomplished, and, hy‘gmdunlly removing tho- respective ‘warriors from the scono of conflict, {thig alarming display: of Ackangns patriotism ‘may be suppressed and the question at isguc can’ bo sottled in alogal way. Thore is no particu- lar reason why anybody s'hmfld shoot anybody,”| or why Mr, ‘Brooks or' Ar. Baxter shonld Lo offended. .with each other, or bandy nplthuts hatwann thahatal and tha Seta-Tlouso, of point cannond ab each othor. At the samo; timo, we prosumu there i no objection to a reduction of tholr ropgotive forood by, lntermont, sud it thoy conld | quiotly come to nn ug:cumune to send all thelr warrlors ‘to ‘Now Gmwony and lot them fight it out togothor, ‘it would romovo .a great inany embarrassingelemonts from tho thnuuon, mllmc tho Unitod States troops from: any fur- thor trouble, and undoubtedly: cxpm]ltu the ant- flamont of-tha question at fssuo. - e ——r— THE FIRST NATIONAL OANA‘L‘ v % " o Unitod Staten ot last han gone into tho canal business. It haa bought the Loulsvillo & Parunnd Canal for its debts. During iho lngt LLired yoars tho Gavernment has exponded over 62,000,000 enlarging and decpening the canal, and yob no man, company, cily, or State \voulll acoept tho -canal as o gift and bo compollad to Xoop v in repair and oporate it. Tho canal' is somothing ovor two milos long, and In intonded to allow boats to pass around tho falia of the Ohlo whon the river is low. The canal was built somo thirty or more yonra ago, and then whon ‘tho buelness of tho Wosl was done by bnnts, and when thore was wator cuough in lllo river to justify tho uso of boats, tho carial ivag an Acanmmoduuun. Dut Umoy Lavo chianged sinco 1844, | Tho water in the Ohio Rivor Los bnuomo 80 uucortain that tho boats that nacond aboya the fallg " avd comparatively small. Tho hnuupnxhllon of fraight. and Dassongors lios passod away from tho rivor to the rail 8. (Thirty years ago'l¢ wes & problem Loty thio Btanmi ors roquired to do the transportation of tho West would find room to uavigate tho rivers, or room tolond nnd dlsohiargd thold, 'froighta nt the rivor cltios, Than,' it wnu B ‘ianal mlng to bave flvo, six, or oyon Jtot bosts alwags fin sight of each olhier. on tho, Ohlo'and tho Missle- elppl Rivers, Now. a boat mdy make tho. trip from Olnolnnat! to Bt, Louls and ‘not 1naot moro than two bonts in tho whole distanice, Tho'ro- sult of all this Is that tho oannl consod to oy ox~ ponnes, Sumu nmbitious nud ontorprising por- Bony at ono timo obtainod tha consont of tho Government and undortook to run the mml\l. In timo thoy found Wyomeelvos iuvolved in dube, and tho conal did no busingss. 'This million and ahalf of dobf, and porhaps ns much moro, has Just Loon nosumod by tho Thitad Statgs, ,: Thio | chiargo for. tolls,—that Is, tho chargo for pormia-, slon to pass through tho eatnl two ‘miles,~—wag! G0 contsa ton. A stosmor of 800 tous.would “hiavo to pay $400 to go up, and as much mors ta g0, down, and a rosult'was that tho numbor’ of; bonts unlng tho canal - oitbor way gm\v u.ununlly! losa, Thon eamé tho dorhand that.the Guvemmon should enlarge the canal, Ono of ‘tho- momo-! [ rinla of tho Olnelonatl Ohnmbor of Commerco: rosprosented that thero wero $20,000,000 of capi-: tal in that ety walting to Do investod in magnift- cont steamors for tho river trado, which. caplm» swat kopt idle bocatso that canal wog too. m\rmw to pnes tho largor olnss of Doats. Ccngruan widenod-and deeponed’ the -onnal, nssumad all! tho debts, and on Thurday passod - biil makin, tho Beoretary of: War tho Canal Commissioner tho United Statos. . At tho =ato of 50 cants por! ton, tho canai did not enrn ennugh nyfl.m cost of oporating it. Congraoss has, mmrm‘ fixod tho rate of toll-at 10 conts n ton..’ ) It may’ bo, it Olncinnutl - puts flmc tmmly mllllops ot nup(tu] into now bonll, and Louis-" villo, Plflahurgll, ‘Wheoling, and all' tho ™ othor: rivor cities do likowise, that the cavsl may earn its ost of operating. DBus the thing is nat lkely, ; ‘Tho chanced are"that: tha./revenmes from” that canal will not nld in payitig off tho” publla dobt.’ But' the cuuutry may - rojoico that tho groat ob-: “stnolo to the restoration of tho commoi n of the: Ohio River han beon removad, and that. henco- forward the-peoplo of thn vnlln “of " that rlvcr will bo freed’ rmm tho'my mllusu xnutlmm of tlm railronds, and’ flud i’ the ‘over- Inuronslug lmn- dreds of now.and pflntlll stnnmum nomp:\melvn froodom , from tolla on. thy ureu ‘highwiya’ o, markot. ¢ ek i THE INOREASE OF ORIAE, = . '¢ | The horrors-of ‘murder nre atrikingly-illus- - tratod by tho drendful dotalls ‘which aro brought in ovory.dny's budgoel of. dispatchos, and; in thib connection, the rendor will have noticed of Iate not’ nnly tho' gmnt Dfmbar of urbnna onmmltted ‘but tho peeuliarly. strocions chnnwtet of' many of ‘them. It is but & fow days ago that thio tolg- graph brought the intolllguncu of the murdor of & littte child at Dorchostor, Mass.," by a boy not et out of his toons, ‘fn, Whom”, ovi stinot soems to havo bon, blunted,.and who turosarid Xills ‘Just a8 tho’ bonst doos" pm‘hané uveu more. atrociously and cruelly thaw thin hunat. a8 tho lattor seldom lallaoxeept whun utnntedhy provocation or lmngur, whilo; in t1d_case of this luman monster, thero way no provacation of any Eotl, ‘oxcopt such as aroge from his abnorminl nna monstrons passton for blood. Xeutordnyln {a 1o of Tur TRIAUNE. ndded throo moro.. horrors, whlch were maj ed by oulinrly savago and ixi humnn uouduct. P A. woll-to-do" and highl, spucud faymor l(vmg noar I’msbnrgh 71 haig: \vl!u] two littlo childron, and s, boy whio wns émployed .on tho farm; were murdota tlmh: own Imnnu _uuo:, end ' { i mv'cqncqnl the [ pre- motting orimo, llrp‘ LiNow” Brunsiviok, vullud upon hor: parsmonr to Lill Lier hua’hnnd, 80 that ‘thoy ‘can mm'{y“ ‘Tho wrotclied brut q° consented to do the wm-k mu!, mneelng thn hna- band i tho woods, knllurl fim wiih an u, ovon: whilo tho victim was implorlng +tmo - to uon- !ceu his sins tfl & priest, ' The last, of I,l\nan hor rora is tho cnso of & murdorur, nlnmly unnluneud tobo langed, dnd with only zwaMy fuut houra between: him - aud etnmity, who kulud his koopor. ! Inthe face of tluu alarming: pmvnloncoolnrlmo, there aro maudlin peoplo clammmg for lauh:nu_v' to tho mnrdmurs, and social philosopliors of . the. Bovoo stamp Who can’ sit. down: innd, lenvlng tho murderod victims and tholr grict-atricken frionds ‘out of i tho ecaloulation, - coolly. apeonlato upon tho orimes and : ndvcnn:u the rbo- - lition of cnpital pnnluhmnut. ‘In flmh thodo of spoculation, tho orimo which! fias ‘boon' commits ‘ted and the vietim \vhu hios-boon killed do” nnt. ! figuro &t ol They are drapped outof Blght en- tirely. Tl.my sco only the murl.'lomr, and thoir : offorta aro confined to alloviating: his condition 'hy seouring. all possibile loniénay for hlm,—in ooy, ,ovent to pave him from the gnllowa. '.l'horo arg only two ways in'which crime can Do, " vlu\tod land: thoso- two = conditiona probably -cover levory ‘murdor which I8 committed,. " Ono. ‘oligs murders for ruronga, and. hoids hu-; iman " lifo- of * such.. émall valuo that it enn coolly ‘caloulate and pln.n ‘murdor tar the 'rosnitment of auy injiry ‘or affront, or Tor the aoquisltion of monoy -or "other praporty, or to] gratity s passion, This'olass, 68.It Bots 10" value~ upon the lives of nlhors, sots no valua upon ita own, or, at leut un lmlo that it is xundy to carry, lout ita desporato pmposuu and tako ! fhio chancoy JOf tho law's uncortaintios and donflicta ' 6¢- tcau- ‘moiy Lo eBeapo punishmiont by dentli;aad pe hapa securs o uompnrnuva immunity from Py e ishment at all, * Tho nthht ‘clasy, of which * l.ho‘ Dorchestor monster ig tho msut prominon! Lypo of ' modorn timua,—-s Y] po, which " Belongs’ to tho schiool of the Thug and Vampyre,—has be- ‘como g0, hnduuml by constant Indulgoiica’ fu the’| worst pnsslonn ‘ot bumnn natutg,” by Yoars of aruolty, somotimos’ aided hy hnredmry taint, that, its, wholo naturo is. ohanged, ovory, moral tnatinet Is deadanad, and the. dosiro-to kill be- eomoa an a\'onullng pualnn, ugnlust which thoro fi no Gbitaclo citlior 1 the plom,phugn of congclenco, tho netion, of the will, or tho natural affectious of tho bnmk T (L elaas, tho dusire | to kill, tho nppetltu for blood, and: um un- consclousncss of guilt, aro aimply’ tho pmnrs of digcaso amounling to insanity, Bolh classes. aro bonsta, Tho ono s u’ bonst with ronson, net- ing for revengo or for the ncquinition of somo valuablo ‘consideration, The other in n-bonst without ronson, noting from uncontrollabls jun- pulso, like o mud dog or infiriated bill, KNow,. 1t fs cloar cnough to any ono that both Olugsen should bo restralned from tho nppurtunuy over to commit orimo again, and that society has tho 1ight to bo proteoted from thom, . Just, at thls polut the muudlin. sontimontalisty y out, “Rg- straintholr liborty ; imprison thom for life.". But thoro 1y no such thing "known ag Imprluunmnnt for lito, or ‘restraint of - llborzy, in tlio. songo thuuo aonllmnntullatn plvo to’ it;) The, averago, uonflnomont of murderora znntunuud to impmon- 1 inont farlife Is hnh aovon yoara, i h(u,of ruo, 18 no pnnm\mvut “af all; no Protaction ‘o | socloty from tho murderor; no restraint upon Lig bratality, which during thoso fow yoars ig only hlrdnnlng itsolf and doveloping n dnalm for frosh viotima; The' only adequate pun i mont {o doath, and, ln taking the lives of .thoso brutes, tho world loses nothing with which: It would not gladly part, afid. nothing which it will miss, Bvery murdoror hangod upon tho.gallows not only oxplates hig erimo, but glves sooloty na« suranco ho Wil not molost it again, Evory mur- dorer who goes into the Punuuntlnry for lifo not "only doos nbt oxplato his crime, but can livo up: on tho assuranca that the timo ia coming. when ho can ndd fregh viotima to his bloody catnloguo. — Tho followlng istho Ode sung at tho Toator BMusic Hall at tho dolivery of Afr: Sohurz's eulogy on Sumner. It waa composed for tho occasion by Dr. Olfver Woridell Holmod: oy .. Onee moro, ye ancrod tnwm, . + " Your olemn dirges nound ;- 't . .. Birew, loving bands, tho April nmvm, Onca moro {o deck i monnd s : | 1+ + A'Natlon mourns it dead, 1 % + iNtaborrowing voloos éne, 'As Teraols monszal _bowed hia nend ‘Asid crlod "u,nnnl Myaun!" ‘“I1 monrn for him 7—For Utim Tho welcome angel came ¥ " Eré yot his eye with ago was dim,’ + O bont his stately framo; * **¥lis weapon still wah bright, i Itia shield wag lifted high b To alay tlio Wrong, to sava thie rght— Wlmt happler Imur to d.!n'l - Tiou orderost all things well; ;" Thy servant work was dobo; - . 1 ;- ¥o lived {o hiear Oppression’s knall, . - : . Tho ehpuis for Freodom won, | . . * Murk 1 Trum tho oponing siies * The uthion'a golioing swell,— 0 monening Land, ift up thino oyea - Godrelgnoth, Allfs well? ? 2 PR A 3 The Alliance hos the followlng palpable Lit'oh i tho Rov. Arthur Edwards, diséovoror of trltu- rated current jolly juico as aboyerago, and adftor! “of tho Northwestern Chrigtian ‘Aduocate, who ls -just now.ringing , the ohanges .on- 0inos am | |: linos, which ho clalms was unformonted:winos | ‘When tho Gracks hod learied tho art of making beer out of batloy, not having on .iund. e word to expross 1tha oy drluk, thoy cullod it onos krithines, or wine: of barloy, And g0, in thoso cascs, in- which. thoto ,might Lo s doubt as o whether it was" meant. to s nk‘ of flio barloy wine ,or tho orlginal grape wine, Callad fho tter oinas ampeiion’ o ullllnglmh i from “ oinos krithinas," If, In onr da, ing of a boltlo of wino woro l.u 1/ ty friend, this 1050k GUFEADE wine,- but eano. wine," wonld he be adoratood n doclating Ut 1o Wino'to Which ho ro- ferrod 18 unformentod 7 . And yob Lis pbraso would bo . the oxact oquivalont forafgeapeliios. Thia word an; pelinos, upon which (1o Aduteate 1658 8o gront atrcas, “meons “of the vine," or - beloging fo {ho vin Aud thiat it doos no. ozolndo « formontation “fa s evi- dent ns anything. can Le “in *thio ‘meaning of: worde, Among tho Greckn, 24 in our day, oven-tha old women did somotimes drink too much, * And thoy called such antuloxicatod ol damo n . graus enipoling, :that. s, “anold woman of tho vino,” 'But {f aipelinos ex. cliides fexmentation, the unfortunato: Indy. must hive ot drunk on-unformontod wite, over, - . SUMNER'&AMEI’HGAN CUHRENCV.‘” . i A ms'rmw OF AMERIOAN OURRENOY : ° Wrrit OmmapTens oN TuW ENaLISH” BANK - REGTRIOTION Avo Ausrian ParnMoer, Dy Wikt G, muuus Profeseor of Politieal nnd Sootal Scionce in «.Yalo Un!(- je. -‘Lo wlieliifs apponded “ The Bullion *Repo ow York: Henry.Holt & Co, 1874, & timoly book.. -1t comes -when tho publie intarost in finance bids ‘fair to equnl that displayed'when the Bank of ‘tho' United Btates vas fighting Jnckeon: ' It fs o pity that it has been issued in . puch!, costly. form. Tho clau.r, Toavily-loaded prin and: tho.wide mnrglus aro o delight to tho rendor's oyo, but the price of suoh luxurios keops many* would-bo ‘ronderd’ -ayos {from tho book,. Still the domand “for it'is satid- lncmry.‘ Tho first edition wns. exhinusted within 4 day or 8o of pnbl(cntmn ‘wnd tho socond is now apidly dolling. It should be put forth fna | til cheapér furm, in order to, siblo cireulatio . Until ‘this uontlso nppu:u-ud flmrs was no completo history of American currenoy. - Iia &tory had to ha nought in old ;apsochos and i books which treated . of- ‘short’ pulofla ‘ot "time. This oxplaina tho fow, nppnlls to'* Amerien- -hig- torymmlol.nllm ‘rocout _dobates - on Zinflation, ‘Pho mon who have pooh-pooh'd ait chn Icmms of European oxperience as inapplicablo . on_ this side -of the. Atlantio will find thom:: tanght; in this book, by the oxperienco of Amorlun. Prof. Sumuer,. ns gathorod the bithorto scattored {aots. inta o continuous narrative, which’ tells, ngniu and again, the old story over again. - ! 2 +18SUE OF PAPER MONEY, . dlunpponmuca of spocio,f mora. paper, mwunl tion, oxtravagance, ntringency, smasl; The Puritans Lronght - out. little money with them, :Thoy bad put their currency into capital; —tools, and clothing, aud household goods, and weapons and morchandiso for tho Indian trado, —before snumg. 'l‘l.my soont noedod ourrency. As thoy issucd .no paper to loep hard monoy awny, the'currency Auickly eamo from England, in the shapo of specio. It was an enrly illustra- tion, on American soil; of the fact that'a coun- try whlch usos =nln ‘hag tho' worll's’ ‘spacie- rcservos to draw upon in timo of noed. ‘Thera wero soon illustrations enough’ nud to epare;.on Amorican soil, (of the fact discovored by Sir Thomas ‘Grosham, .in, Queon. Elizabeth's - -time, thet "“two ocurrencies® of \lnnqm\l - valug cannot pirculate togathor, for 'tha worse will drive out tho' bottor, Musuo‘hunom soon began to usa o bartor. aummuy, Corn, beaver, wampum, musket-ballg, and many other things ‘were mado o logal-tonder. Gold and silver dis- appeared with tho rapidity with which ' theso, sensitiya métals always leave o plnce whora' thoy aro apparently not wantod. The. ¢ pine-tres.} coinago..began . in. 1053. Bpoclo .was stondily exported, notwithstauding the law made thisa orimo’ and’ attaclied s heavy pennlty- ¢ Thio ivs. of - Natira' are moro powerfal t n hosoof ‘man, This wos proved agaln, in- 1704, | A royal proclamation. fixed the value' of. Span- ish and othier foroign coing, It was, of vo\lrao,A ' 6f no offect whatover, Tho * | v ., FIIBT PAPER uouzv y\mm “igatted in 1690 to pay the. cost of lha un- Iucky- oxpodition- agiinat Canads. -Pho ‘noten wero roceivable for tates, and ‘ faing offorts woro' 1 madd'to rodeem thom, but they woro at one-thixd discount..” In 1692, {t s¥as ordored .that. the bills. .alm\lld bo takon st the- 'I‘ren!ury nbslmrcont ‘ovot’ coln, and redemption within - .yoar- was promised. . This kept them ‘at par for twenty {years At thls’ tlme" uecnout wwas bledged: ;wilh £ 0 it the widest pos- 3 { TUNEE OB FOUR CURENCIES, iMerchant; imoney,” iwos ) gold “goals for Atpay,” “pay,, and *troating,". ‘‘Pay" bmtu currency bl lunal Tatos, an money" -was’ bortor oig-third lowoy, ; y" wag coin, with wampum, for -change. , asting " was crodit, A six-ponny kuifo sold. for,Cd in money, 84 in pay.as money, 12d in pay; - ‘and moro atill for trusting, In 1709, war camo/| ingam, and-brought i its train’ 0f curses tho! \nsual one of papor money. Mnzsnobiusatts, Now Tawmpshire, Rhodo Island, Connactiont, . New, York, and Now Jorsey issued bills of -oredit - Thoy wore sposdily discredited, though wmade Jogal-tender ani hodged about with the severest | laws ngainat thoso who refuced nmm. Spooula- | tlon followed yaper, and , then ‘camo tho ory : ¢ Moro money.,” Thoro . weru.muh issuon, Notas wero loanod to tho pedple ‘on’ lande mortgage, Tho timo of repaymont was' pub oft. fiom yosr to yoar. @ Littlo intoreat, less principal, was paid. Thaero wne alnost onde losn troublo. ‘A writor of that Hmo sald: * Tho ovils of litigation abound, ' Peopla”of "catates | oannot rnlse monoy unless thoy disposa‘of thom A mun hponk-, And ® that_would | eavo: tho Adratens Badly mivod:in sclolardip as *|:threa ulnguurda fw».hanluugmlght do enough: #1108, commorolnl dishonesty, speculntion, aliffor- Ing among tho poor and porsons lylng on fixed anlarios, “Wondrous schomos woro triod: ' Now tenor " bills, one good for thero old ones, wére put forth. - Whon'thoy depreoiated, new ! now tenor " Dbilla« woro flontod, Tho old boeamo “middlo tonor " ' or’ *now tenor seaond.” Rhode Tsland and Connoctlout triod the simae “plan. Commisalonora yoro appointed to dotor mino, from timo to timo, tho doprocintion of tho last fsanto, Ono of thom stated it correotly, and waa vohomontly abusod, A ourious: thing, in ntriob ncoordanca with tho Inw that & worno our- .ronoy : displacos a better, now - happenod, Tho Rhodo Island papor wna worst of all, It drova out tho othors, which wero hoarded, In 1744, whon Rhodo Island had out .£400, ,000, £380,000, woro in' Mnssachusotts, This monoy kopt'on doproolating, nnd so cost Masenchusotts £96,000 fn nino'monthis. In 1749, tho Insues of tho Colonies, roducod to **old tonor," woras k3,400,119 o 281,000 Rhodo 1to1,in gold. , Tho ransom ot Lnuiub\ug enabled the Colony to redeem it at this rato, This waa & Yo« . pudiation of ton-olovenths of its faco,~ 8 fuut that the frionds of shinplage tors 'would do woll, to ponder, Thero ‘waa bittor opposition to apeoie resumption, It. was said that it would ruin trado. . 8o it did,—in Rhode Istand and New Hampehire, Tholr’ buél- nesd was iransforred ‘to the ‘*Bilvor Culany i Nowport lost the WostIndis ‘trado. “The ap~ prohansions of loss and dangor from tha chAngo in Mnsaachusolta led to somo domonstrations of riot, but tho chango - tool¢ Place o gniotly and anaily thab theou fontn wore not renlinod, and the tumulc subsidod. Trade hod boou immediately Jboforo (1749-50) at . thio lowest cbh, Bhip-build- ing and flehories had - declined,'and poople weoro moving:‘away, | Trade i Tow fovived utenfllly and mpldly. and, wo' hear tio, snore’ o_l' scarcity’ oj ‘,mnuey antdl tho noxt violation of tho lawa of ciroulation,” Virginin, North Onmunn, and -Bouth ‘Carélina fgsued- papor. Gald ranged in th threa'st from 120 to 1,40 The'dtory of the Lnntlnunlu\ ourrency s protty “well known. It waa fanued to DAy tho cost of the Rovolutionary War. When taxation was sug- Roated, & momber of Congress asked in wrath }f rh 88 to help tax the'peopla; whoti they. wu; GET A OART-LOAD OF'HONBY™ . . g; to, I.hu pilnting-offico! . Tho hnl‘nhult woro passod to provent depreciation, ‘but in. 1780 the' cart-lond wonld have' boon worth -only''2 " conts'on tlio L., Bhortly “oftorwards, the currency *censed to clroulnté. Bpoeclo.. flnwnu in.at once. While ., the' paper wag robbing. its holders by. sinking in :valtio «overy yoar, - the Kolleys of- that time - bun.qmd ot Jita "oatoty," bocauso *nobody. would 'take Ty away.” Tlio, listory of. Americsh. curmnoy since tha formption of, the Union is too long to. givein da- tail, Ii prosents the familiar fenturcs over and 2 uvnragdn‘ inflation, amcu!nhan' orl!!x,—cho dronry, eycle has boon croddon many’ times. Charlored banks mointainod their right ta issuo irredesmablo paper by giving ensy discounts and. shares of stockto membors of a Logislature or of Congress,- - Coutts wore ‘packed forthe saka of nhinplastérs, aven ns they Lave béon gince, . **' Benttored through' thie* Laock, aro toma. glever \dlsoussions of fllspntml puluts. .Thn differenco hnmeen et Beera’) . CURRENOY AND OAPITAL, & ria o vm'y ‘important differénco and’ ofo litile urs doratood, since poopl, ini ‘ivant of “oapital bavo Intely, been dumnndmg more.currency, - under tho dolusion that. Lhay mntnd thnt —is put vnry neatly thus: " Cnpflnl s that mrunn of ull lhn m-ev(mxn' rodudt u( a nntion which at any vofl time s available for now prnduel(on. This will L& w cortafn hmount- of od land, houses; bnudlngl, stock, toold, foad, clotlia ‘Ing, ronds, bridgos, otc., ete., whicl liavo. noen. mada and aro ready for. Usa [ prodicing, transporling, and oxchanging siow products, Theso things are ail: the prodat of” mmr, and roquire time for” tholr produg Qurrency ouly serves'to distribute’ thig cnpllul fito” tho proper hands for ‘its most amflunl Thbrotoro s nok- ptbns s i, S ny mora frefght ; 1t I ouly a Inbor-saving m-mm?rp'mw oasy tralafars . " If, therofore, curronoy fsmu {itiled, 1t 19 & qelawion 65 i mula Sipled for, it Ymony artificls] ‘fria groasn oL s aprisontattion, it n only fixo tncronaing vo-a clafin on a spocific ders would be decelved, @t & propartional divit 1 i !up 080 thiat capiial 8 Dleaty ™" by etin s, tho number of tickets which stock of ‘Tnmh.—mn tioket-Lol and could, in tho ond, qnly dend out'sf i aek e .. The fallacy of nuppnsmg tlme thn ©.. DALANGE OF TRAD: must bs- in ‘onr favor. befors’ wa''eai rauumu apocio paymnntn is nkplm!efl by the followlng litie of ‘argument : .’ * Tl bilanco of limporis and exporle hever can mova {he exchanges cifher above or below. par. mora than Just onougl to start’ a “movement of bullion. On & spoclo_evatom, any autfow: of ‘bullion "would: brin down pricos aud fmumedintely maake a. remittanco of goods more profitablo than ono of bullfon, - . Ir & country produces gold, s surplas product goos out as a commodity, withiout an unfavorabla. exohango, and docs not Lisre como Info nocount, ; If, thoreforo, thero 18 an outilow of, gold, eerions and 1ong-muunuua, e ‘companied by gt unfavorablo nxnmmgo It 1bat thove is an inforior curroncy bLobind the ™ gnfn‘ ‘which 8 displacing “it, Tlio surplus ul imports ot gooda nbove tho axport of goods,'1s nothing but the roturn payment for this export of gold, - and" 18" siot q c(ulse but a consequience, 1f, finaliy, wa wank toturn in (ido aud produce an influx, thrs fa' ouly one wey to do 1t, and that.ia stmply to Temovo the inferior cura rt:nuz As for wniting for the balanco of trade to turn and bring gold {nto & country which has & doprociated paver aurenoy, aue‘:n{lg\l‘tzu: "'fl" tako ul;'lu staad ot tha oot of & and wait for it to change {uto a declivii beforo climbing it,. i s ¢ Mr.. .Sumner m:mtds B e . "FREE-pANKING ' a8 simply- a; atep , towards. bankr: toy : and wpudmtlou. In thla .ho - goos_ too far. - Any connéotion botween, tho Btate.: and. .banka bas this undoniable .dangor, -that it givos the npnnrumny for. the moneyed- power to unduly’ induonce legislation, -since . many slinroholdors, directors, and favorites of “the bapks will. have, & - pm in . governing :the Btato, Morcover, stcli a connection iin a-tands . ing temptation'to: Congross to’ b tinkering ot the finonces, wlnch is procisoly tlio ‘lnst lh&ng it ought to do.” 'On {hio " other hand, it fs p' | adyantaga to bavo a banl- i thé country,.and one that cpunot praciate hns ;low tho valuo of tho country's. curreno; ; aniple soonrity for its rodemptios in that i ¢y ia on doposit at Washington., ,backs wore wiped qut, o that th !\nfl notes - wers. rodgomablo, in spacie, an iwerg nn-lougut racmvnbln for toxes, and if- thoy ek issuod in no lowor denomiddtions than €10, ‘in-order, that guld and silver, 6f. atill, loivor dn- {nominations; niight cioulate frgely -wjth thege igood'to countorbalande its' uiln 0 the Bauk of England not to redeem. its notos /inspoclo) aud; Austrian Paper Moiioy ave: valt \unblo:for the proof they givo of the- greal mm- ‘uulty of getting rid of moduumn\a]q ghlup}nqmm :whion ‘thoy “havo * ofico’ bcon “iastied. ;. Austyia, ilos, promiged, agajn ;.end * again, : to issue no imore, rand .yob has'{ dons. so;: Sho- ‘baa. vopudinted - parb *“of ¢ hor dobt; < hag* Joaned to tho peoplo, has tried overything savo" honustv AllInvain. Hor expodionts litvo but.. plnn irod Iier doopor in_tho mire, . Bhe is a banka: runk. Tho man who learns the facts proved by ‘“Tin nULLION neron,? - ¢ which cloges thia volamo, can cangruluhta him- self .on laving mnnturaL( ubout ali “tho groat pxlnclplnn of finance. Tho xnport was mado to tho ‘British Parlinmont in 1810, Tt s given in ‘tull, preceded by tho followhig sumery: ! ‘1. The veluo of un inconvertibly curreney dopends on its amount rolatively to tho neods of -the ‘Cammiry for clroulating mediuin (only to & vory: wibordinaty degres on tho scourdty on which it 1a° basod. or the, exgit ot fswwer), ‘at bolf, thofr value. Individualy dopanding on thetr labor aro forcod to tako for tholr toil from one-half to two-thirdsin goods,while their oredit- ors Imperiously domand cash of -them." - This waa in Masgachusatts, - Yot tho Colony had just added £100,000 to its ewollon volume of our- roncy, Two years aftorwards, in 1721, anothor. £100,000 was vut forth: Baying aud solling sil- wvor waw prohibited, *with a8 much offaot as was trading fn gold during ‘tho -yécent War,- Ttis uveot to thinks, Liowovor, that our ancestors - WERE A8 GREAT FOOLS AS WE. Bo the game went on. More papor, more de- mand for it, frosh vapor to xedeom the old lg< 1d §s ol p promium in paper, . the pnper I.l gol redindsut and do) made?m:hllu precluted, Tho promium mn-w © 9, Tho limit of possible’ finctuntions* in” tho. oxa " ohianged is tho expenso of transmitting 1 olia country 10 tho aler s 8 VoW from | 4, If thoro 16 w drain of the lxnmlmu msll’l it 4o, asidg from oxportations to Inechasa Taod o7 pay’ ‘wles, ote., 10 tha presonco of pn Inlurlor oyrrency nl £ soma ot o couniey It o, iy o 5; 11 tho inforior: onrrency b A ua nll:nnvgo;‘:lulbn lllr:m;i lll‘\)‘ :lflll‘:flfiiw \;lfl \'l l' Any vaouum fs cronted, goll low' umlux! h, 'Gold will not flow In while tho lnrarlor ouml\xog {lit ‘the channols s, e du!y of tho Hank damanio) s Dagoresa unda alvo N 1, Tho amount of gold in the world ‘\{wu'::l'nhcfiq verform 1y exchiauges of (e worldy I {hess be