Chicago Daily Tribune Newspaper, May 8, 1874, Page 2

Ayvdae PROF. SWING, Proceedings of the Fourth Day : of the Trial, Reply to Another of Prof, Patton’s Protests, COontinuation of Mr. H. F. Waite's A Ezamination. Mr, Patlon Moves to Strike Out Part of His Testimony. Applicntion Refusocd, and Another Protest, Tho Prosbytery came fo order yostorday morn- i tho Rov. Arthur Mitcholl in'the chair, The proceedings opened, as usualywith prayor, Tho atiendanco was very largo, indeod. The press of potticonts baniubied the tardy judgos from thelr seats, and many membors of the Court, arrlving lato, fringod tho sitting-spaco, After the usual squandorivg of timo on the rocords, tho Com- mitteo, to whom was referred tho matter of REPLYING TO PROP. PATTON'S RHOTEYT, roported na fotlows: Tho committeo nppolnted by tho Proabytery to an- swer tho protest of Fraucla L. Patton agalnst record- ing in the minutes cortain queationa proposed Ly Ar, Arthur Swazey to tho prosecutor, and {ho auswer tercto, Leg leavo to zeport the folloving as n suficlent roply : T'3té nad furniatied thie Preabytory an amaavit which set forth with anflicient acouracy tho reasons for nak. 1ng & continuance of tlie case ponding, and that it I Dot compotent for tho Presbyiery to Investiyate any fact outside of tho afidavit Tho reply inz Tho Court liss a right to satiafy itaclf on the merits of ull questious submitled to fta deeision, snd_fa bound, if kuowledge upon material watters in_within ita reach, to avail itself of much kuowledge, In this caso, 1t was material to know whetlier the prosocutor Brd ‘used sl diligonce to bring his witness into Court, The wilness in thin eare, tho Rev, Robert Zaird Collier, 18 not within the Jurlsdiction of tho Court, Tt win maferinl fo know IT inquiry had becn 1nstituted whether Br, Collfer would at any time, now or in the future, respond to the citation of Presby- tery, ‘Tho afidavit wus insuffclont, as ft eet forth ouly the fact of Mr, Colller's absence, and the privacy of hts papers, “Bocaveo {ho answers were ot given under the so- lemuity of an oath and 378 not entitlad to o Foguraed a5 evideuce,” 1t Is not necessary for the Court to restrict ftaclf, on tho quostion of contimiance, to knowledge * obtained under oath,” 1t may have its nction on any knowl- e, from Whateosyer_source it is obtained, which ia eatisfactory fo insclf, In this cass, however, tho ovi- dence was legal, beiug derived from the party moving coutinunnce, “f Becane the questions and answors aforessid aze s reproduction from the memory of the Court, of A con- yorsation which took placo Sesterday ”aftekuoon, i ~which roplics wore madoas a matter of courtesy, and inth 0o idea {hint thoy wero to formn & part of record of the Presbytery. Tt is frrolovant whether the questions wors or ware ot questions of courteny, 5o loug a8 the anawera thero- %o wora regarded by the Courtas truthful, In point of fact, they were undorstocd by the Qourt to bo it own queations proposod to a petition, asking action of tho Court, 3 “ Because it ia the belief of the undersignod that the ‘owspaper roport of thosaid conversalion fs uot cor- ect, ‘That th queations and answers wore taken verbatim by & short-land roporter ; {hat their corroctness is confirmed by the bellef of tho interrogator, and also By tho belef of the Court, no member thereof at the im0 of making tho record, or since that time, sugyent- ing any particuler in which thoy wero supposed 10 be incarrect, ATl of which iu respectfully submittod. A On motion of tho Rev. Mr. Taylor tho roport was adopted. THAT CONTINUANCE. The Rov. Mr. Hurd offered reasons for the vate rofusing the request for a coutinuance, as follows: i The Presbytery baving docided that the motion fot egntmusncoof ihe caso be ot sustained, record, a% #ho reason, that it Lis become appurent to the Prosby- 'ul-{"flnt there is not reasonable g:ebnhlllly that the teatimony of the witnoss, Bobert Laird Coliler, could be abtainad in a_reasonable length of time, evon if it ‘o abtained at all, 2, That by ovidence befors the Presbytery it is shown fhst the testtmony in question, even If obtained, cannot ho consldered, inany proper sense, matorlal to this case, Tho Rev. B; E. B. Ely insisted thst no reasons weie admissible at the time, tho rule applying to nuch casos stating that the reasons should bo as- signed at tho time of taking the vote. .. The reasons werareforred to a comumittoe, con- elsting of the Rev. Mossre. Hurd aud Mathows nnd Elder Barber. The Presbytery agnin resolved itself intoa court, and rosumed the business whore it was Ioft off. 1. F. WATZE, ’ Horacs F. Walte waa submitted to cross-ex- smination. . By Prof. Paiton—The unfon of the two churches was mado in 1870, later than October, The oxact date of the formai uufon he forgot. A sormon preached by Mr, Swing agninat Unita- rirniem wan preached anterior to April, 1870, in tho Westmiustor Church; had not heard Afr, Swing proch on tho deity of Christ, but had henr Blm allude to the doity of Orist, fre- quently; ho embracod all tho eubjects of tho person of Ourist, the divinity of Chriat, deity of Christ, sud the 'atonement” of Christ, in ovory sormon preached by him hoforo and since tha upion of tho chvrches. Theso doctrines wore preached between tho dates of the organization of the church and the fire, He recognized them in every sormon heard by him in that interval. Mr. Swing had tanght_tho deity aud_divinity of Christ since tho orgnnization of the Westminster CGhurch, He had in that time preached Prosby- terian doctrino as witness underatood it. PROF., PATTON WANTED TO ENOW whother tho sermions preached since the fire were in existence. Mr. Noyes—All but one, which was lost av the Beminary. [Laughter, Prof. Patton—I understand tliat 3r. Waite heard Prof. Swing deliver a_sermon againat Uni- tarianism. What does Br. Waite mean by Unitarianism ? Objected to, on the gronnd that witness was not on trial. ‘Objoction not sustained. . Mr. Noyes appealed from the decision of the Chair, and the Chair wns sustained. DEPINING UNITARIANISN, Witness said ho was not s theologian, It would bo diftioult for him to give their creed, in- asmuch as they bad no formulated thoology. A dixcussion here srose on tho subject of re- ligious opinions, snlvation by faith, and evan- golieal preachiug. Mr. Noyes dbjected to tho cross-oxaminution of witnesses on matters of gmnmn. Prof. Patton read Greenloat on Evis ence. EVANGELIS, -Would you be kind onough to tell us Q . whiat your view of proaching salvation by Obvist is? . A—Itis substantinally what I sawin the Jn- fereor two weeks ugo of what wWus necossary to admission into the Church. Q.—What was that statement in the Inferior ? A.—It was o s{atement that all that was necos- sary to admisaion wan a boliof in the Savior as a medintor, aud that we bad bean born again. Q.—It was your opinion that such n thing wonld be considercd Evangelical preaching ? A wrangle as to the pru{:nety of this question followed, ~ rosuliing iu the sdmission of the question. A.——va\ufinllr:nl preaching I would undorstand o bo suck as 18 pronched and rocog- nized os sound, by the family of Bvangelical churches; T would dofine it ay snchi!'ronchin[; as wnl-m accustomed to hear fromtho Prosbyterian ulpit. v ¥ Q’j—!s this Bvangelical: (Teads) ** Ohrist'ia litorally the hope of glory to the world more as an interproter of God to man, and a mediator between thom ; and some ore without God and without hnpo in this world "? A.—I shouldhard- 1y bo willing to take o disjointad sentonce from any sermon and judge of it, withont I heard tha whole sermon, [Applause through tho ontiro bauuu.? i Q. It Chirist bo not divine, overy impulso of the Chrisdan world falla to n_lower “octuve, and light, and love, and hope, and iife decline.". Do you mgnrd that as o statemont of the dolE’ of Olirint Ve * A.—1 should, -sfr, because I nnderstand the aivinity of Chxlat means the equivalont of doity, 1 mhoufl! undoratand that in & developed songo, ag tho dlvinity of Christ, Q.—*'8oit is yery painfal to men to hesr lontned mon, skilled in the technica of scienco andthe vocabulary of philusopby traducing —may X trust unwittingly—tho religlon of Chuint; come paring the proud Bocrates with the simplo Jesus, whoo only power s this—thnt Ho is the Lamb slain from the foundation of thoworld, Dear friends, I would say Soorates forthe fntollect; for spooulativo days, Pythogoras; snd Heneca for literary and philosophio moods, Buy to whom shall wo como whon tho soul 1s bleoding, and ws avo dying for_love and pioty; whan we aro crushed, and our hoads aro hauging liko a blooding hoarl, but unto Christ tho oruoifled.” Inthin Evangolical ? ‘Witnoss reaponded aa boforo, and, after much wrangling, tho mplflv was allowed to paso, Wit nosy thou eontlnued, TIR YOURTII CHURCH DATISEIED. 1o aid regard tho proscoutlon of Mr, Swing na an attaok on the Fourth Church; ina moasuro, ontho ecidors of tho Church. Mr. Swing bad alwayy allowed himsolf to be Eo‘mflm‘ by the Eldors ; and1f ho hnd doparted from tho rules of tho Ohurch tho Eldors would buvo boon ro- sponsible, They had, bofore tho changes woro minds, oxpressed thomaclves satistiod with his orthotloxy. Thoy never madeany suggastions to Mr, Swing, becatiso tho Ohuroh rag fimroughly eatinfled with him, By Mr. Noyes—\Was a membor of the Fonrth Chuitch ; signod a papor from that vossion ; saw i‘l signed by wll mombors of the sossion but Mr, wilbut: By Mr. Drobaton—Mr. Bwing's viown of fature mniuhmout wero that it was oternnl ; It waa not ]lmlml nor purgatorisl, but evorlasting. By Dr. Pattoreon—Ho understood Mr, Swing's oxpressions to be undoerstood in the commonly accoptod Bonso. . BTRIKING IT OUT. Prof, Patton moved that that portion of Alr. Waito's testimony be stricken out which re~ forred to a porfod prior to the formation of tho Fourth Church, und betwaon the live and the presont time ; aleo all roferring to. privats con- Veruntion, spoctal prayor moeliug— "Fo Chait calted nion bim o mnmo the por- tions of tostimony to bo omitted, poparately. After a long wrangle betwoen Mr, Patton sbd olhors, the formor moved to atrike out Mr, Waite's testimony roferring to the poriod prior to the formation of tho Fourth Church, Etdor Barrott moved that the roquest of Prof. Patton be not grantod. An ‘nmnndmnnb waa offered by Mr Faris, to grant it "'ho quention was discussed at grent length, Eldor Biddell, tho. Rov. Dr. Iattersnn, and others supporting it. T'he digoussion fell into o tadious juvestigation of rulos of evidence, Mr. Noyes thought it late in tho day to discuss this question, ~ Mo called the Court to witnees that tho dofgueo had madg no effort to resitrlet the rtange of testimony which the prosceutor lhad indulgedin. Ho had beon allowed to drag in privato covrespondence, privato conversation, and testhnony colored by Y]re]m]lcn. No chack Lind been placed upon him by tho defense. And now that tho defenao had ono witnosa to robut theso charges, overy possible offort wns made to striko out testimony. Now that the prosccution had the case all in—and what & case it was! [laugnter] technical rules of evidencs _wora thrust in, Waa this what this body determined todo 2 [Applause.] Prof, Patton wanted to explain. Tho prosg- cution monnt to mako uso of the rules of evi- dengo a8 far a8 he know thom. MMr. Noyos—Has ho just loarned them ? DMr, Pattou—I do not wish to bo intorrogated a5 to my oducation, In tho Episcopal Church of England, tha Court of Archos, the Scotch Prosbytorian Church, and other ecclosiastical courts, the rulea of evidenco were thoso of the cuil courts, Tho Rev. Dr. Pattorson said the Presbyterlan Church Latl nothing to do with the rules of churchies whoso precodents wero talion from tho Stato Churches. Tho Beotoh and Canada Church usngo was takon from the State Church. Iho amendment was lost, Mr. Barrott’s mo- tion prevailed, and Prof. Patton’s roquest, to striko out that part of MryWaite's testimony which covered a torm prior to tbo organization of the Iourth Church, was not granted. TRYING IT AGAIN. Prof, Patton moved to strike out that portlon of Mr. Waite's testimony which rolated to a period between the groat fire and the presont timo. His grounds for malking this motion, wore that the sermons wWoro in oxistence, an theee sermona were better testimony than Mr. ‘Waite's report of them. Judgo Barbor pnid Mr. Patton lind raived ob- Jjection to Mr. Waite's tostimony ns irrelovant, und his grounds wero therefore untenable. Mr, BLarrott moved that the request of Dr. Patton be not granted, and the motion provailed. Prof, Patton moved to Btrike out that part of Mr. Waito's testimony which related to e private convorsatfon, - Mr. Barrett moved mot to grant the request, and tho motion prevailed, Prof, Patton moved to strike ont the portion of Mr.Waite's testimony roferring to the Wodiies- day eveuing sorvices, which request was not granted. Prof. Patton moved that all tho teatimony of Mr. Waite relative to Mr, Swing's scrmons be stricken out, which was deniod. Prof. Patton protestad, aud committeo was appointed to state reasona for rofusing to grant tho request, Tho Chair sppointed as such com- mittee the Rev. Mr. Johnson, the Rev, Dr., Pat- terson, and Elder Riddell. The Presbytéry adjourncd until 10 o'clock this morning. THE MINNEAPOLIS TRINUKE. This paper in & recont number diskonts from tho opinion that ** heresy-hunting should be cass into the same limbo as” bear-buiting,” aud de- clares that “ hunting heretics out of churches which thoy annoy {s an eminontly propor thing todo.”" Aftor sponking of Mcsrs. Cheney, Mc- Carthy, and othor disturbors of ecclosiastical ponce in Chicago, it says: 5 Prof, Swing {8 & mild-faced, mweet-volced, largos brained preacher of 40, of warm, frech, deep ‘sympa- thics, of most sxemplary life, with attractive manners, a fine speakeer, & philowopher, deaply-read n litera- ture, aud o student of nature and ietaphysics, He is by far the most popular orthodox miniator in Chicago, Some charges aguinst him are that ho rejects tho creed of Three-ju-one, as Lo loarned 3t many years sgo} tlat Le wrot and printed a poem that sent s dead Unitarlan woman to Heavon; and that, in & ser- mon, be declared thut periiaps the'moral sud upright paguna wera saved, If ho really holds fhese views, and Jf tliey aru opposed to the church whone name and ehelter be uscs, ko anght o go out of it or be ex- cluded, 6o of Tyug, MeCarthy, Chieney, Mekialg, and 1o re 1t Ia 1o answer, in any case, to any that tho crecd i absurd or abstrude and tho tales frivolous; whother they relate to the mysteries of antinomiunivm, to the noile of weariny the chusuble, or the fashion' of cute ting fhe fugerznully, theyate equully legitimato s peints of diacipline, if they have beew preseribed by he Church, A Church o very much liko order or a polilieal party n 1ts machinery ; th ber having solemuly agreed o may * Aliraca 1 under & moral obligation to say It, or got ont. fio e liava no syinpally for Drotlies, Swing or Brothar Yog . el o WEST AND SOUTH VS. EAST. 8t. Joserm, Mo,, May 3, 1874, To the Rditor of The Chicano Tridune : Bir: A correspondont ina late issue of your paper (March 24), in speakiug of the causes which produced the low price of corn durlog the Iast two yoars, makos alluslon to the rulings ot thie Commissioner of the Revenue, by which the manufacture of aleohol for export was entiroly stopped throughont the Westorn Btatas. This 18 one 1stance, nmong many thut might be citod, in which tho Eastern Statos, during the last twolve yonrs, have subjectad and made the West tributary to thom. This I8 the Loy that unlocks tho onc-slded and corrupt leglalation of the last fow years. Eastorn oporatives must have cheap food,—made cheap by stoppiug our dintilleries ; and Weatern faymers and mechan- fcs must buy Eastorn goods, protectod bya 60 por cont tarid, A The question naturally arites, What have Western Congrossmen beon doing during the lagt twelve yours 7 And why has this disgrace- ful atato of things been allowed to exiat solong ? ‘Western farmers and laborlug ruen must assumne 88 correct the statoments that have appoared from timo to timo, made by Washington cor- respondents, that Westorn Congressmen no soonor reach Washington than they fall undor the influence of the lobby constantly maintained thero by powerful Eastern intorests : and thas, of thore supposed to be wpproachable, each roceived hia thirty pioces of sllvor. The worst enomios tho Wost hus aro among the men it senda to represent it in Congress. Lastorn manufactuvers tnst chucklo at the complacenoy and aluority with which their schemes to tax and lunder the West bavo boen enacted by Westorn Songresemen. Tho. political infamies in the Houthern Hiates must bo naintained in order to konp up s working majority in this Fastorn in- tercst. All meuns aro omployed, be they fair or foul, to acooinplish the sordid endsof the pow- exful monopolies that now ountrel Congroas, Havo the men tust spoke with such eloquence In oauous and Convention about **Hervesting the fruits of the V/ar,” to acoura tho vates of farmers, sald a eingle word in Cougross about a roduction of duties -on tho tivo articloy mentioned in the Livingstou County platform ¢ ‘Ihiere I8 not o nall-factory in Pennsylvanis but hins {ts paid ngent In Washington, whose buei- ness it 18 to sea that domostic uails sro properly ** proteatad ; " whilo the vast intereats of tho ton Western Btateu aro delogated to men who have kold theia out to the monapolios thut are devouriug thom piecemeal. * Your correspoudout, B, F,W.,speaks In a rather deprecatory apd fearful maunerof o nossible outbreak at oivil war, undartakien to re- duco the tariff, Te doos not understand the signs of tha times, This fa & anestion. not of politics, but of scctions, ns hio very jnuug ob- sorvon. If the ruoplu of the Waataud South hiavo como to understand that their Congross- mon herotofore have loglslatod awny thotr best intoronts,—hnvo assistod at tho passage of laws that havo taxed our Westorn formors and labor- ingg mon out of house and home; thab, out of ovory doliar earncd, bounty ranging from 25 to 0 conts is patd to somo Eaatorn maniufacturor or railrond moguato § if thoy havoe finally como to tho conchision bhat thiv atato of things has oxiatod long enongh, the romedy is in thoir own hands, et tham meloot mou pladged to look after Wentorn and Sonthorn intorents ; to ro- duce tho terif to ® rovenue-basis on those articles needed by our farm- otag to meouro tho necessary approprintion to bulld the Rock Island Canal: toimprove tho Minslesippi to Ita mouth; to urge, at tho samo time, by all proper means, tho early complotion of tho Canndian canala; to admit nleo Canadian ntoves, lumber, snd coul, free of duly; and to uanist af & gonoral humfn&mp of tho salt, pig- iron, sewing-machine, wooden-scroyw, and other monopolles, aud nll tlie trickery and scnlduggory linnging on and existing by them, Mon runnivg on such 8 platform would ‘ba voted for en massa by the voling population of tho West and Sonth. Farmors, Grangora, moohanics, Inboring men plantors, ox-Confedorates, Ropublicans, an emocrats, can all unite on much n platform; and their men in by prodigious majorities. orn and Buuthern mombors will bo a unit a8 to what corveotive logislation 18 necos- sary for their rospective sections. United, they aro irrestutiblo, No o spoaches are necos- anry ; 8olid voting in what wo meed. Should Tinstorn membors be very obstroperons nbout a proposed roduction of the tariff to & rovenuo footing, our ultimatum can bo declared by tack- 1ng the ]I\ropnum‘l xeduction on ono of the A propriation’ bills. Onoe session will do the busl- noss, if & golid, united front is maintained, Lot the paoplo of the Weat and Bouth look sharply after tho mon thoy soud to Congross, and “seo that thoy do thelr duty ; andlot thosn thut resort to the Judas dodgo racoiva tho scorn, indignation, and iufamy they desorve from tho poople thoy havo botrayed and sotd. .5, CURRENCY QUESTION. Views of Gov. Ingcrsoll, of Connec= ticut. Gov. Ingorsoll, of Conuaaticut, In hia mossage to the Gonoral Ausombly of that Btate, dolivored May 6, spoke as follows on tho oursency ques- tion: Sinco the adjournment of the last Goneral As- sombly, a flnaucial revulsion, suddonly occur- curring, and rapidly extending over tho non- lpncla-]myi\&ylporkion of the country, bna seri- ously aicctod tho industrial and commercial in- terests of our Stato, and would have rosulted in wide-spread indlvidusl sulfoving but for the spirit of mutual forboarauce and assistanco so commendably exbibited by all portions of our community, ~ Ocowrring, 88 it did, in tho widst of an abundant barvest, and in the absenco of any cnoral postilenca or _other calamity, its causes muat be looked for in hu- man aotion slons, ond it is not, in my ;ndgl'l'u.\l'lt'i difiicult to discover thom thore. Thoy Mo in that abuormal condition produced by the 5mnl axponsion of credits growing out of our Civil War, of which tho presont pros- tration of businoss is tha natural reaction. “‘Tho enormous publis expenditures required for that contost, and the consequent crcation of publio indebtedness in evory poseiblo shape, to win the favor of tha ?flnpln and promote the oiroula~ tion of its evideuces through the olanuels of business, would slons have beon suflciont to o unduly oxcito a spirit of commer- cial adveunturo as to subjoot the country to the hozards of a disnstrous renction. But whon, in furthorance of tunis polioy, or im- polled by this nocossity, it was dotermined to discard, as the measuro of our commercial values, the only standard rocoguized by the commercinl world. and to substituto therofor, for our pooulisr use, ono of those vory ovi- dences of publio indebtedness, with n valuo depouding, at its best, upon tho varinblonoss of publio credit, and at all times subjoct to tho chances of governmontal interforonco, the con- sequonces we now doplore wore reasonably tobe expected. 1'he operation of sucha stimulus was tho snmo as it hasinvarniably beon under every cir- cumstauco of humau history., Rogular industry bocawo distastoful, aud daring speculation, find- ing its highest expression in ulmk-gamh“u , be- came tha passion of the country. It brought in ita train over-uction in all departments of busi- nees; the straining of cradit to its utmost limic; extravaganace of lving; pmmgntn expanditure, publio and private ; the parnde of meretricious woalth; and o domoralization that Las shown it- self conspicuously in the publio service, It was through the inetinctive consclousncus that this condition was an unhealthy one, that the first alarm so rapidly spread iuto n gonoral panic. And sl human experiouco attests what the reason of man 8o clearly perceives, that neithor commercial sounduess nor sooial hoealth can be aowred fo thit poople. wiiose meaira ot exchangeablo yalugs is not iteelf of such intrin- aic value that it canuot be varied by a logisiative onnctment. And for this reavon, simply, it is, that the prolonged use of government bills of crodit, and all other dovices of paper-money, not at once convertible into coin, has uniformly been attended with financial disturbauce, goner- ally ending in commerciusl disastor, The Lound- ers of our Governmeunt, schooled by, a hard ex- pericucs, undoubtedly supposed that thoy had gnarded us from thia poril by constitutional pro- visions, And, uven whon our presont legal-ten- der rct wna pussed, the pretense of any othor justifleation for it thau the ofprruling necessity of war was bardly mado. And when the War closed, the danger of tho step thet had becn taken was most olearly seon, and tho ncceseity for retracing it nlmost umyorsally acknowlodged. ‘The Goverumont was solomnly pledged, by its declaration through every depurtmout, to a ros- toration of the constutional currency, ss s THE massuro domandod alike by moralily and reason ; and a fiuaneinl policy “was, in fact in- itinted, hich, if adbored to, would beforo this have extricaled the country from the porll that now impends, It is a éad commoutary upon our publio yirtuo that the cournge has failed us to orry that polley onty and thit wo sbould bo to- day, iu tho tonth yoar sincs the proclamation of poace, confronted by tho question whother we shiall now attomot a policy looking to the fulfill- mont of the public pledge to restors the onr- renoy to a condition of health by coin-redomp- tion, or sball continuc in u couro whiol, unloss buman soience is all ab fault, can ooly drift into = furtber degradation of the curroudy, with all tho wrong and injustice to indiwiduals involved insuch o measure, and, whatover may be tho temporary stimulus, sure to and in disaster. The rocent dofeat of the Congrossional Currency bill Dby the action of the Executive is a subjoct for congratalation ; but wo shall grontly err if we suppoko that this question can Lo 8o oaily romoved from our path, Tt still romsius, and will and nocessarily must romain, so long a8 & Giovernment note remains dishonored by the failure to redeem it, In addressivg you st longth upon this aubject, Ism not, of course, nnconscious that, ag the ovil I have deplored is not duc to State logisla« tion, Ao there are no menus in your power to mool it, 80 far as it may ho mot, by logislative remedy, But atill tho r{unsllon 0 intimntoly coucerns every individual in our Stato, and our convictions aro 8o firm Lnt, without & fixd, pro- claimed financial polioy, adapted, and olearly un- darstood to be adapted, to the restoration of specio payments, wo shall novar be froe from tho ovila that havo so unsottied the business con- corna of our busy people, that I have falt it to bo my duty to call your attontion to the nnb{nct in the hape that you may in some degres bo able, by whatover action may” be practloable, to influs once tue legislation of Congress to that end, . INFORMATION FOR THE JOTJRNAL. To the Editor of The Chicago T'ribuns: Bin : In the Chicago FKvening Journal of the Gth inat. is an editorial in which the namos of certain members of the * Farmer's Convention " held in loomington are published as boing *¢ farmors of politios, aud not of land,"—* office~ ungry politicsl spidors,” ele. 1 find my name published as no farmer, The man who wrote that editorial i not well aud truly informed ; and bonee, with your permission, I will inform him, aud slgo the publio, that Iam a farmor, and hin statement ta the contrary s false, Knowing the author to be ignorant, I will tonch bini lightly, Not only mywelf, but all my #ons, threa in number, aro all formers ; and neither thoy nor mysel? ave office-tankers, In ordor to gain rospect, men must apenk the truth, The Journal is guilty of a base falsohood a8 rogards myself, and honce I conld vover hava respoot for its statemont on any subjoot it may choosa to discuss, or quostion it may think prop- orto degnrx(n;. L B HA;{WL 1Noxey, o Far ) dioin Mxn yn'?’ulx:! 28 'm, Monros County, Ill, N ey Miss Nolllc Grants Marriage, The Washington Chroniclo says that Misg Nel lie Grant’s_bridosmuide will bo Misa Barnes, Misn Fieh, Miss Conkling, Mlss Frelinghuysen, Miss Portor, Mias Bherman, Miss Droxel, and Mies Dont. ~ Tho wedding will tako placo at 11 . m. i tho East Room, May 21, Cal, I'roderiok Grant will oficiate s *‘best man," There will be no greqmemen, .with the balanco on hand March FRTHES P Y s 8 luid, MISSIONS. Third Annual Moeting of the ‘Woman’s Baptist Soclety. Reports of the Varions Officers of the Organization, The Work in Assam. '.I\:{m third mosting of the Woman's Baptist Misslonary Booioty of the Wost waa bogun yes- torday morning in tho body of tho Socond Bap- tist Church, corner of Morgan and Monroa 8troots, Thero woro prosent abont moventy-five mombeors, orENINGeExEROIBES| In tho absence of Mrs, Harrls, tho Prosident of tho Assaciation, tho ohnir was talen by Mrs, 0. B. Wilson, Vice-Prosidont, Mrs, Drayman actod na Becrotary, Tho meotlng opened with tho einging of & hymn, aftor which tho Prosident rond tho cighth chapter of Romang. The Rov. Mr. Goodspeed thon lod the mooting in prayer. On motion, Mrs, Howo waa nppointed Asslst- ant Recording Beoretary pro tem. Tiftoen minutes woro spent in dovotional ex- orolses, tho mooting boing led in prayer by ‘' Aunt Lizzlo,” J. W. Doauo, Mra, Scott, Mra. Doolittle, Mg, Potors, and othors, Mra, Potors thon read the followln ADDIYES OF WELCOME: Dpan BrsTens: We are espoclally glad to “welcome ot among us on this ocoaslon, _Yoit coma to us witl a double clalmon our regard, ss sisters, beloved disalplos of tho doar Lord whio bought us all, and yon are hera as follow-sborors in_the spoctal work which God Lins Inid upon womnsn, Wo are now in the third year of this spocial aud soparate work which we bave Telt called “PO“ to undertake, and tho success which Lina crowned our offorts hna fally Justiied the truth whlelr nrgod us to begin 1s movoiment. Do mol the nignn of the times indicata that God fa oailing Chris~ tian woraen toa moru earnest and publia effort to suppress vico, fo bulld up truth, to promote right- cousuers, and’ to help onward the causo of Olrist in alllanda? Wo havo coma to this third anniversary, and in bolialf of the ladies of our clrclo, I weleoma you {o our church, hoping to ‘enjoy Witk you & rich spiritual blessing in thoso scrvices. The Prosidont thaon callod the mooting to or- dor for the transaction of businoss, and the Sec- rotary read tho minutes of tho provious moet- ing, which waro adopted, The Presidont made s brief address to the mecting, In which sho sot forth tha naturo of the work of the Assaciation, and callod upon tho mombers to entertain 1t in a spirit of earnest- 0088, THEASURER'S LEPORT, rs, 8. M, Osgood, 'Lroasuror of the Assaocla- tion, read her roport, which showed tho total ra- celpts for the yoar to have heon 99,803.8, whioh, 1, 1875, made $10,140,5, ‘Ihio expenditures during tho yoar smounted to §9,800.85, loaving a balance on hand March 81,1874, of $780.18. The main itoms of oxponditure wore: Assam Mlssion, 81,000.55 ; som-Karens Mission, $090.75 } Miss Mary D, Itanlan, $1,008; #iss Clara L. Bealdwin, 81,6124 ; Touny OoKaron Mission, $712.80; Wouthador Durmale Mission, 81,108.60 Ramapatam-Teloogoo Misslon, 81,446.78} Home oexponses, 020,88, DOAND REPORT. . Biss W. M. Bacun road the annual report of the Board, which gave n resume of the work ac- complished by the Association since it began. During tho year, tho President of the Assools tion hiad attondod and presided at all tho quar- terly meotings of tho year, and also at two mis- Bionary meotings or convontions, besidos takin tho genoral ovarsight of the work of tho Board. Tho Ohaivman of the Board attendod and ad- dreesed smixteen publio meetings. Tho Board held thoir regular and tiva apocial mootings, and transnotod_the general- business through the Corresponding Saorotary. Mrs, Tolman, tho Corrosponding Beorotary of the Society, roported that ill-health had caused Lier to contine her work to hor dosk, and in the clty, with the oxoeption of the Racine maoting’ in Match. She attonded, during tho year, oloven 1nootings of the Board, visited five clrcles offici- ally, addressed throe miesionnry moat- iugs, sont off 460 lattors, wrote ton ad- dresaos, ono quarterly report, and ‘twenty-soven artloles for tho pross. Mra. Dacon, during the yoar, prepared forty-eight artiolos for the Help- ing-Hand, wrote two quarlorly reports, one nne nunl roport, propardd fifteen nartiolos for the proas, tvo addrousos to bo road at public moet- Ings, 960 lottors, attonded thirtoen Board moet- ings, two_quartorly moetings, and two church- circlos, In tho roport amondments to the Con- stitution wero offored, to tlre offoct thatthe officers bo olacted by ballot, and that tho num- bor of Vice-Presidents bo increased to tiwelve. At the first quartorly meeting the sum of 8600 was appronriated for homo expenses df Socra- tary and Editor of HELPING-ITAND, in ordor to reliovo thom from domestic and other caros. At tho second quarterly moatiug, o pirit of dotermination to enlarga the work of tho Boeioty was manifested, and at the third quar- terly mesting recommondations wors mado by the Board, bearing upon the advancoment of the work, the chief of which was the obseorvance of & misslonary hour of prayor, to be observed weekly at home, and & monthly prayec-moeting 0 be held in the churchea. Of tho work in Illinois, Mrs. Leach reported that sho attonded, with Mrs. A, 8, Morristield as asaistunt, the meoting of tho Ottawa Association at Bnden'last May. Thore also roportod Mrs. Spinning. from Iowa; Misy Daniols, from Mich- igan, and members nt Indiann, Nebraska, Laneas, Colorado, California, and Loulsiana. THOE HELPS TO TITA WOLK were stated to bo—Tho Helping Hand; The Press; The Co-operation of Earaest Ohrintian Pastors ; Sorvices connected with the designa~ tion ana leave-taking of the Missionaries ; The Bunday.Behool Misslonary Concerts, and Mis- slonary Bociablos. ‘'he “hopeful signs wers: I'no wido-spread}intorest in our churchoes in the work ; the intorest folt in it by yonng_convarts, and ):ha marked effort by evory oircle in woman's work, FOREIGN MIESIONS. Ms. O, P, Tolman_prosegted the report on Toroign Missions. It sbowed that those em- Hoye abrond wore: Mlins Baldwin, at Bassein; iss Eastman, at Lougoo; Miss Watson, at Wenthada, Burmah ; Aliea Panbody, atToloogoos, Madrna Pronidoney; Miss Rankin, ¢ Bramahs pootrs, 3ra, Boott and Miss Stevens had re- turned to America on ascount of ill-health. Mra, Winter, of Delhi, reported favorably of work in hor locality. CODIMITTERS. On motion, Mrs. Chamorlain, of the First Church; Mre. Clements, of Uuiversity Place Clureh ; Mrs, Toggs, of the ichigan Avenuo h frs. Petor, of the Second Oburch; kett, of the Union Pork Church; Ars, Bhearor, of the Ashland Avenuo Church; Mra, Loavitt, of Ohio; Miss Mary June, of Tudiana; Mrs, Rowley, of Reoine, Wis, ; Mra, Danedict, of ankoo ; Mrs. Morriam, of Bpring Prairie, Mive Susnu Rittuer, of Towa; Mrs, Rem- pton, of Belvidere; Ars, Fulton, of Belviders; Mra, Qroen, of Moudota; Mrs. Stono, of Mat rengo; aud Mrs. DoWolf, of North Star Oburch, wore appointod & Committeo on Nominations, On motlon, Mrs, John R, Doolittle, of Racine, Wis.; Mrs, Koudall Brooks, of Kalamezoo; and Mre. 8. K, Leuvitt, of Oinclnnati, were appointed a Committec on the Annual Ieport for the Home Work, and Mra, Daker, bire, Bcott, and irs, Kuapp (recontly mussionaries), Mra. Clark, and Hre, Achillos, of Now York, appointed a Oom- mittes on the Roport on Forelgn Work, Tho meseting thon adjourned for lunch, which hind boon preparcd by tho ladies in tho base- ment, 'The moeting roassembled in the church at2 p. ., and business opened with devotional ox- orciack, MISOELLANEOUS, Mra, Dr. Maroy, of Evanston, represonting the Mothodist Society, aud Mis, Boutetle, of Evane- ton, addrossed ‘the moating, and Mrs. Dr. Arnold rend lottor from Mra. Gardner Colby, of tho Eeatern Btatos. The Committeo on Enrollment reported, through Mrs, ltunnion, that thore were 118 members prosont. Mra, Van Huseu road a papor on the subject of # Childron’s Worth In Missions,” The First Ohurch Circlo, through its leador, Mrn. Ward, reported that i€ waa 8 yoara old and ougaged in the performance of eftloient work, Ara, ‘i{nwo, of the University Placa Churol, re- turnod the usual address, The Michigan Avonna Churoh yeportad through Mre, Boono, the roport Doing rond by tho Becratary of the moutlnfi. ‘The Woman's Bapttst Mieslon of the Ashland Avenue ’Chumh made a slort report through Miss Love- nco. : THR REYORT, Bra, Beott for tho Committee reported upon the annual report of tho Loard, road by Miss acon, Bue &aid among the vital points of the '“Ym wore tho groat and growingneed of youn; udy tononora to undortalio the convorsion of hoathou glria wud women, and tha regret at tho boreavoment of the Astoclation Iu the doath of Misn Brounson, M, Beott briefly alluded Lo the many di@ioultios which bad beset her path in India sinco the deatlr of hor husband from cholora n yoar ago. Bho had recoived wisdom which enabled her to oarry on the work from Which hor husband had boon anatohed away, and 1t was to tho prayara of her friends in Olilcago that sho folt tho fnapiration was duo. EXPERIENOLA, Mra, Barker made au address in which sho stated hor misslonary exporiencos in Teloogoos. rs. M, @, Olarko mado & briof addrees on tho subject of missionnry Inbor, Miss Btovons, » roturned misslonory, tho first sont ont by tho Booloty, who lnd beon ‘taken sick in Burmah but's sliort timo- aftor her arrival thoro, also made an address, HOME WORK. Mra, Doolittle, on hobalf of the annnal ro- port of the Bonrd on Ilomo Worlk, roturned tho report, and rn%uull.cd that tho outline of the Iabors'of the Board bo -conrlud by tho meeting, ‘Tho rosolutfons recommonding the adoption of l;l‘xln !m;:oxh sud sundry improvoments wore optod, Addresses npon tho nature of the reeolutions worn given by Mrs. Leach, Btato Boorotary of tho Bocloty for Illinois, Biss Daniols, StatoSoc- rotary of Michigan, and Miss Dottes, Btato Boc~ rotary of Indlans, Tho addross of tho lattor lady was particularly intoreating, and the meot- ing was roduced to laughtor whon she told tho story of an Intarview with au Tudlann lady who, until & weok beforo, hind not learned that thoro were such poople as heathons i tho world, though lhn%n({) lived In Indinns all ber lite, and Liad on sovoral oceaslons visited Missourl, This lady had bacomo a moat enthusiastio worker in thocause, ‘I'he Rov, Mr. Fisb, of Wisconsin, spoke on gh:xl! of iy wilo, tho Btato Bocretary of that ato, The Rov, Mr. Goodspood for the Chalrman of tho Recoption Committeo roported that all por- sons who wore from places outsids the city conld find Appropriato placos to stop at if they loft thoir namos with the Sacrotary. MRY, ACHILLEY, of New Yorl, a vetoran missionary, made an in- tercsting address which wos listoned to with ovident appreciation. Tho pith of hor remarks, was tho offering to dobato to tha Socloty her scholastlo institution in Alblon, N. Y., for the pirposg of ostablisling o school’ for tho educa- tion and caro of tho orphaus of deconsed mis- sionarics. On motion thie offer of Mra. Achilles waa reforred to the Board to roport this morn- ing. Kttor the singing of the dozology and pro- nounciug of tho bonediction tho meoting nd- Journed. v ‘e attondanco in the ovoning was very largo, tho body of the church being almost full of spectators, 'The exorcises wore to have beon conducted by the Rev. E. J. Goodspeed, but after his conferring with Judgo Doolittlo, that gentloman undertook tha dutics of presiding. After o choral selection by the choir under the divection of Prof, Palmor, the Rev, A, J, Irost, ot tho Umversity-Placo Church, read solections from tho 148th Paalm. The Chsirman announced that tho Rov. Dr. 0Osgoodo would submit & short statoment of the flanncos of tho Soclety, of which Mrs, 8, M. Ongooda is Treasurer, Thofiguros shown by the Doctor were us fallows: Recoipts for tho year, $8,887.98, colleoted as follows : Californis, 823 ; Tillnois, '$2,142; Indianm, $275: Towa, 38 TLouisiana, #36; Michigan, $1,021; Minncot $324; Nebraska, $20; New York, $13: #1,824; Orogon, 81; Wisconsin, 8007; $2; Washiogton Torritory, $17, aud for thoy Helping-Hend, $5.90, : AB9AM, Mra, A. K. Scott, a MMisslonery recontly re- turned from Assam, delivered a duap‘l{v intorent- ing discourso upon the mannors and customs, domestio and public, of that heathon country, Lho leoture was mout edifying from beginning to end, tho most 1nterosting portions heing those referring to the rolations botweon man and wifo, or, rather, man aud wives, for the Assameso_aro decidedly polygamous in their habits, They were charactarized by the sponker.ss abjeotly suporstitious, those deas boing implanted i thelr mind from earliost infancy. Ble skefohed the gradual growth of tho Amorican Mission from its commoncement, when it was with the greatest difficulty that an American lady could obtain an intorview with an Assamese wife, w fo the dny whon thoy hod gaincd & foothold. which is growing stronger daily. Ono of the most poworful means of couversion was the apparent suporiority of tho Christian ovar the nativo wives, and tho Aesamese husbands had bogun to think that the doy might arrive whon it would not bo necessary to” koop their wives in subjection by means of poriodical caatigations or applications of rod-peppor to thoir unfortu- nnate partners' eyen. Tho spesker asked tho question, *‘Doos the American Missionary en- torprise pay ?” In responso to tho quostion, ho avo soveral instances of the succoss of tho ady miesionarios, which woro very Intoresting. At the conclusion of the discoiirso, the Rev. Mr, Goodspeed sunonnced that to-day's session would begin at 10 o'clock, sbarp, and that tha first hal-hour would be spout by the lndies in dovotional exercises, . THE REY. DR. GNIFFITH, of Milwaukoo, addressed the meoting. He called their attention to the influcace of tho forcign ‘misstou work upon the home flold, which had been act forth by tho provious spoaksr, Powet- ful aa was tho good of the worl in foreign Iands, it waa hardly less potont at home. First of all, it did us no herm, Whon the organization was first Jaunchod forth, many Chriatians lookad up- on it 88 a doubtful outerpriso, whilo many others were_dircotly u)g?oacd to 1t. Many bachelor niombers with disoased stomachs and torpid livers woro among its bitterest oppouents, ‘Lo day the works of the Socioty wero {ta bost vindl- cation. The movoment had doyeloped a yast amount of latent energy in the Church, ‘Tho diffusion of knowledge which the mission- ary orgaization was accomplishing was worthy of attention. Its mothod of benevolonce was of most practical aud vital importance. The effoct of all this upon the pioty of the churches wastoo palpable to nocd any reference toit. Iu the futurs its Infinoncs would be augmented by the gathering iuto the missiouary ranks of such wouten as had hithorto remaiued indifferent. The a}mnknr closed with & brillisut peroration, In which ho depicted tho grandour of tlLo post ble future of ‘tho American mieslonary movo- m 4y ant. Aftor tho ainging of tbe doxology and pro- nouncing of the bonediction, the mooting ad~ journod until iths morning nt 10 o'clock. MICHIGAN UNIVERSITY, Che Recent Suspenaions. Bpecial Correspondence of The Chicago Tridune, AXN Aznor, Mich,, May 5, 1874, As thero hog boen considorable comment in the papers, olicited by the presont unpleasantness exinting botweon the Faoulty and students of the University, and as the want of a full undor- standing of it might load to an unjust judg- ment by tho pross of tho action of both pattios, I have thought bost to make o fair, impartial atatemont of the faots attonding tho trouble, and leave your roadera to draw thelr own con- clusious from it; for it is evident that thore in room for & diversity of opinions. ‘Two weeks ago, a party of ten. or fiftoen Bophomores entered & Froshman's room, and gave him a “smoking-out,” For this offense, on the genoral charge of * hazing," threo Bophomores and sn equal number of Fresh- meon (who were supposod to have aided them) 'WERE BUSPENDED for the remainder of the year, . Ii was the ex- pressed inteution of tho Faculty to inflict a like punishment upon all who should be provon con- nected with it, The suspousions wers votod 2t a speoial meet- Ing of the Faculty, about the olose of weok bo- forelast ; aud, on Mondoy of last weok a peti- tion was prepared beariug the signatures of 110 of the class-nates of those suspended;, and which contained tho statoment that the signers had been equally guilty of tho same offonso for which their class-mates Lad boan suspended, sand ex- presued a desire to RECEIVE A LIKF: PENALTT,— unless thoss suspeudod should bo reinstated, On tha aftornoon of the same day & procession comprising about 180 members of the two olaosoa, proceded by an omuibus containing the slx who were susponded, paraded the straot. Beveral Profassors whio were supposed to have voted for the suspension wero hiesed, and threa groans woro given bofore the President's resi- dence. . : On tho ssmo evunln%fl union nnmxar was hold Dby the two class, at which the petition recuived it Inst signatnros, H Ou Wednosday last a recond mesting of tho two olauses was hold, and, at thia meoting a dooldad ohangro in the tono of lenllns was mani- fonted. A commitéso was appointed by unani- mous voto to Y * TREAENT AN APOT.0OY ! on tha part of the clasuus, to tha Profcssors in~ sultod on the day of the procession. A vota was taken upon tho quostion of withdrawing the pe- tition above referred to ; and it was decided, b mora than a two-thirds majority, that tho poti- tion should remain bofore tho Faculty, : "T'horo who had signed wers thon granted mn- 11l youterduy to withdraw their namea and avoid whatever ponalt; mlsht ba inflicted upon thoze whone nnines should be ‘on the paper when placed bofore the Faculty, But clnss-wpirlt was firong, and only 2¢ of the 110 erased thoir names. Laat night s long Faculty-moeting was held, and the boliof is, it wan ono in which the con- flicting viows of tho mombors woro warmly ad- voented, Tho result of it s, héwover, that FORTY-TWO FRESUMEN AND THIRTY-NINE BOFI0~ MORES this morning rocelved notification of tholr dla- missal until tho bogiuning of tho next college- yoar, Thoso nre the facts, and It fs obvious that thero i sufficient causo for tho various viows that are taken. Lven Lero, among tho atudents, the sontiment eannot bo osMd to bo one-sided. While many censuro the faculty for inflicting nosevore o pyn=- islimont a4 was that npon tho first six, for so lighv an offonse, othors cousider thoir whole coutrao an justifiable. It is olaimed by tho Freshmen that thoy wera nover amclnl‘l,{ notifiod that hazing wes consld- ored o suiticlont causo for musponslon. And, furthormoro, thoso of both classes olaim that, whilo outsido of the Univorsity grounds, thoy aro anbjoct only to tho local government} and that the offenso which is comp’{nlnml of oc~ ourred in the prosonco of sevoral of tho city olice, who saw no canso for arrest. It should atatod that the gonoral causs of the anapon- slona, ns pet forth in tho notices, Is * linzig;" and thia iy supposed to embrace 5 PUMPING ; and It 1 nnderatood that soveral woro suspondod because of thia alone,—the Fauuity supposing that ‘! pumping” moons a deluging of tho un- fortunate whose oclass-pride loads him to roslst thoso who have capturad lhim. ~ As & fact, howevor, it should be ¥aid thint pumping as a rulo is & harmless ap- plication of a small quantity of water upon the hoad of tho one oporated upon, and is recolved in a friendly mauner betweon tho two clasncs. One thing cen eafoly be assorted: During the presont year tho studonts, as o class, have been romarkably free from the dimordely conduct which chacactorized former yosrs, and havo pro- sorved a penco and }ulut praisoworthy in en ine stitutlon where #o Iarge ‘s numbor is repre monted; W. —_— MONEY: L 2 ¢t The Mintorial of Which It 1s Made of No Significnances’? o the Editor of The Chicano T'rbune : Bin: A fow days doys sinco, I obsorved in the columns of Tue ‘I'ninonz & criticism upon an sriiclo writton by me as editor of the Canton teg- ister, tonching tho-grent question of National Tivanco. This criticlem was not oxactly an annlysis of my articlo, but it referrod to soveral points contained thersin as thongh they wero vislonary, unsonnd, and extravagant,—but ad- mitting they wore not more so than tho views promulgated by Morlon, Logan, Ogleasby, and othors, T do not profess to be a fnsnclal doctor. Yam only u plain country-editor, with enough egotism in my composition to believe that, where Ihave tho samo facts, and Linve oxercised all tho oppor- tunities that othera Liave to judge of a matter, my opiuion is juat as good as anybody's. I hinvo diecovered that the financial doctors widoly disngree. Some of thom con seo nothing but disastor and ruin whoro others can sce nothing but the thriftiest prospoerity. *When doctors fail; quacks pravail.” I now come to the front with my remodics, and I iusist that they will enro tho patient. . I roitorato the proposition contained in my article, and to which Tnz TaRmuxk took oxcop- tion, which is thus: *The matorlal of which money is made i3 ‘ot no significance.” XY will prove it. 4 Theo true dofinition of money is a medinm of exchange. It performs the oflico of exchanging proporty. That s all we use it for, aud tbas is all we want of it. What is the quality cssontial o make it mon- ey ? L anawr, confidence; or, in other words, the knowledge and belief that.others will take it from nus nt the value which we have allowed for it. Howslall we impart this quality to money ? I answer, by the power and nuthority of tho Government, and by common consent. Bat can the power aud suthority of the Gov- ornment confer this quality upon money, with- out regard to the matorisl of which monoy is mado? Ianswor, most aesuredly it can, con- vonionce meroly being consulted. How do you prove it ? Tirat, I prove it by tho rules of common senso andreason. We must huove money. Tha im- pulses of tho people aro to barter, trade, and exchauge thelr products with each other. It necds no tatute-law to give tho pao- plo theso impulsca. Al they ueod is protection 1n their individus! rights In tbe oxchango of proporty. Money being a convenicncs in the exchiaugo of property, it will be oalled into re- quitition, That which~the Govornmont rocog- nizes as monoy, which it will itsolf reccive for taxes, which it invests with the powor to pay debts as A logal-tondor, will inetitably bo used as money. The money [:emg used, common con- aont {8 gained, and confldence follows as an in- evitable consequence. Havo I any more proofs? I have plenty of them, Iprove it by actunl experiment, ' I have dono’ businoss, bought, eold, avd oxchanged Eroperw, with woncy made of papor; 1 nve aometimes bought ten times, and even 100 timos, moro property with ono ploce of papor than with anothor piece of tho same sizo. “To be specifio, I will say that ona pioco of paper ropregonting £100 will buy 100 times mora prop- erty thon another piece of paper cf the same 8ize and quality roprosonting only 31, Why was this? I auswer, because tho power rod suthori- ty of thoGovernment had invested that picco of pupor_with the quality of money to tho extant pamod upon the face of It. In the couras of business and exchanging proporty I bavoe ro- coived legal-tender notes of various denom- inations, I parted with the proporty when I re- coivad these notes. I took them, not ou ncconnt of thoir sizo, or their weight, or thoir intrinsio value, ld not tako them expeoting to gob gola for them, or bolieving that anybody would get gold for them. I took them becauso thoy Woro monoy,—bagauso I bad confidonce that othors would take thom from mo at tha valuo which I had sllowed for thomr; =nd, so far, my confideuce Las not been misplaced in thin kind of money. My oxporienco is the experiouco of athers,also, T repoat, thon, that the matorial of which money js made is of 1o significance, provided it is only couvniont. Its cssontial’ qulity is con- fideuce, and the Goverument kas power to invest 1"39"'“‘0“0’ with that quality, ut 1 am mot with ‘Cus TRInuNe's iden that legal-tondar notes sre not mouey, but that thoy are simply ‘melucu o pay monoy'; and that only gold and silvor is meney. T adwmit this to bo true, providad it ns the sauction and suthority of the Government to rocugnize and onfores it,” Dutit is equally true that logal-tondar is monoy, if it has tum eanction and authority of the Governe mont. Now, then, which is the bottor polioy? Shall tho Government rocognizo anly gold und silver 8 monoy, aud paper as the promiascs to vay money ; or ahall it recognize legal-tender papsr 8 money itsolf, and not a promise to pn{ monay? I favor the latter proposltion, aud L will give my ronsons forit. It in an admitted fact that thers is not enough gold and silver in tho conntry, and bas not been for mauy years, and never fii bo, to moet the domands ‘of the people. It baing inadoquate, We muat bave & substituto, Whatover uubati- tute wa adopt, it should roceive tho sanction and indorsement of the Government a8 monoy, and u0 othier money ahould bo tolorated by the Gav- ernmont, Cold aud silvor would theon become a commodlty, a8 it ought to be, and as it practic ally hias boen since logal-tonders wore isauod, 1’! wa recognize gold and silver as monoy, and logaktondor paper ss caly promlsos fo' pay monoy, thon we will praotically have two kindy of mouey, of unoqual value,—~tho oo xeliablo, and the othor unroliable, Tho nocessities of trade will force us to accept the unrelinble mouoy, whon we would profer the more reliable money., Under these clrcumstances, thero fs alvays su unhealtby influence porvading the marts of commerco, Tho basis wpon which commorcinl trangactions are carried on will bo unsteady and_unrellable, bacause the: money is wnrsliablo. Thore will be fluctuations, alarms, and panics, Mon will loso fortunes, and msn will niake fortuncs on the marging between the two kinds of money. Tofore the War, we had gold and silver, and paper-promisen, ail oiveulating o money, nomi- nall ng par with oaoh other, ~ Thore never waa gole annn{h in the conntry to rcdeom the paper afloat. 'hors wore constantly finotuations, alarms, pavics, and smash-ups, Frowing out of tho unroliable' and uusteady oharacter of tho money upon which bueiuess was trausactod, Sinoo our present national onrrency has beon mtroduced, we have not been subjoot to the fluotuatious and panios which wero su abundant wheu paper was supposod to bo on a par with gold, ~Why havo wenot? Beonuss wo have made & r approach to tho system which reoognizes but one kind of money, Although in theory "we huvo had two or thiea kinds of monoy, yet practically we have had but one kind, ®Wao have reoognized 1t - ol eurronoy. We hiava had c'{mnumn"finnfi.m?a Liaa porformed itn offico of oxchanging proporty, and hias dono it woll. Tho brightoxt gold wontl not Lisvo done it botlor. Wo have mover lbuu'}ht, nor novor_enrod, whothor thin money &9ul ,bu,dzr luvnr mould hlré, ‘raflonmnd in gold, '0 rairo that quostion on it, is only ¢ impeach tt, n':ffi ooy, * 70 Y 0 omo sponk cf our national onrrency as !¢ xodoomablo,” T dony 1t, It 1 rodeomnbin i pron: orty, and always will bo as long as the Gayern. mientwillinvest it with thopowor to paydeitsand poy toxes. All that gives such valuo to foid is, that peoplo are willing to rocognize it as cur roney. ‘Iako fram it its currcncy propertios, and leave with it only ita nielal propertios, and peo- Blu woutld 1ofusa Lo rodeom It with proporty, and enco {ta prico would fall amazingly, A friend of mine bought ticket at & railrond. offico tho othor day. Ho was linrd-onoy man, I" asked him how much ho paid for it. Tis roply was, “A dollar and s quartor.” Boys I, “You havo boon choated. That pioca of pasteboard I8 not worth moro than a cent at the outsido." It did not cost that, but it porformed its offlco, It wna accopted s pay for carrying him upon tho cara to the placo ha' desired to fio. Ar well might that man claim that railroad-tickets shiould hevo intriusie valuo, a8 to olaim that money, which porforms its offioa Just a8 well, should have jutrinsio valug, Moncy made of p:gur is choapor than when mado of gold, Itnoeds no argumont to prove that tho cheapor wo can produce an artiole of necessity tho ator i3 tho bonoflt which i couferrod upon the community. Tho timo was when many peoplo rofusod io bellove in this uuw-fionun\lly-nccoptml fact. Why shiowld wo apply this princivle to ovory« thing olso, and rofuse to apply it in the produce “né‘ of monn{? M ome peoplo want to resuma_apecie-paymont. Why? | Ko that tho chunbm:]xslmnv Eny‘?nrlh thelr faco in gold,” {s the answer, Will wo bo nny bottor off whon that hall bo' the oase ? Won't we bo worso off . Won's wo bovlacing all tho confidence in tho gold and nono in the popor? I, for ono, om opposed to specio-res sumption now, hencoforth, and forever moro. Tho system of paper-money npon a specie-basia always hos boon fraught with evll, and, in ity very nature, over will ho, g [ ‘Thoso who hold to the opinions I havoe herein sot forlh aro sometimes called. ropudiationista. Whatever others may be, I sm not a repudiation- ist. Iam in favor of giviug value for valuo. It can bo dons without Epecio-resumption just as woll as it can be done with it.. The croature. comforts of this lifo would not be diminishod ono 10th i all tho gold coinad into monoy now 1n this country wero Lo molt into liquid, aud then avaporate into thin sir, and nover anothar dollar ho colnod or imported into the country. Dut it id urged that wo muat have 8pecis asa atandard of value, by which all othor values shall be measured, Although thia view of tha coge is often naserted ond roiterated, I am not able to discorn in it oven a smull resson why #pocio should bo the basis of money, I think that tho cost of production s the mansure of valuo. For convenionce, we dencriba that measuro by tha words *conts,” ** dimes,” “dollars,” &o, ~ Products gonorally bear a rolae tive valuo to oach other. i‘nr inatanco, when wheat was 8L a bushol, 1 hovae bought potatoos for 26 cents a bushol. ‘The cost of production boing tho measuro of valuo, when I can buy wheat for & o bushol, X shail oxpeot to buy potatocs for 25 cents n bushel, or thereabouta. But, Iam told, manoy will bo so cheap that aman will ask 8100 & bushol for his whoat. Vary well; then I shall expect to get my potatoes for $25 a bushel, Or, if n million of doliars ia nsked and paid for a bushol of whent, I ahall oxpect to 7ot my polse toca for a quarter of & million. Tho Priun of & horse, ton of coal, or a day's laber Wil boar the. eamo rolative valug to onol othor, whether we pay for them in gold-money or paper-monoy, Hut, if wa should oulaw spoe cie as currency, and roly ouly upon paper- Jmoney as o medium of exchange, with tho vole ume of currency prudently regulated by Govern- mont, thore yould bo uo matorial ohguge in prices, a8 now exprassed by dollars, dimes, and cents. Tlioro are 8o many thingu of cstablished and unvarymg price, that, witltout somo causa operating to chango that price, they would ro- main unchanged; and, a8 prices ave regulated by tho cost of production, and products Eun.r arol- ativo value to each other, thero would be more cuuges oporating to keop the mensure of prico us oxpressod now in doliars nud conts, than thora would bo to inflato prices to largdr figurcs, For instance, salarics are fixed at stated sums, and ore not ohanged without graat pressuro, Nuwppngcrfl and periodioals will bear a proat straiu_bofore tho terms aro changod, railroad and other large corporations havo fixed salarien ond fixod rutes, which are not changed as tha prico of commodities are changed., Lggs, buts tor, corn, wheat, and many cther things. vary in an from day to day, or from woek to weols. ut we have not got far away from tho sana old standard of prices, as exprostod by dollars and conts, which provailod forty yoars ago. We are, howovor, gradually raising our figures, oven with gold a8 tho étaudard. The reason of this is bocause we havo orgonized gold As the standard, and tnpx hes beon deprociated s compared with gotd, and prices inflated ac- cordingly. But ubolish the gold-standard, and there will then bo no cause operating to change the.terms by which wo oxpress valuos or pricca. And, aven if thero should bs & change, that chango would not burt us any, if it was not suddon or violent, It in whon we havo twa or threo kinds of monoy that those changos in prices take place, and they often come in sud- don and viclent form, and cause sufforing snd floancial ruin to many people. A change from spacio-basia to paper-monoy regulated by the Gov- ernment, and no othor ourrenoy rocognized or tolorated by the Government, will ramove a poediblo cause of panies and inflatod price and sottle us down upon & safe and permanont monctary systom. A ZLut bow vhall the Governmont issus its monoy and rogulato its volumo? I proposed a plan in the atticlo to which I bave alluded, and which was tho subject of some comment by Tum TnipuNE, which I here reproduca: Money shouli be supplicd to the peopls Sust fn pro= portion"to their wants aud nocessltics, with no arbi- travy Hmit, Wo thoreforo favor the pinn of the Gova crumans Joaning to the peaple, on a real-eatato kecurity syorth doublo tha amount, all ilo money they waut, at G per cent intercst, with the privilege of returning i€ {o tho Govermment st auy time,sud stopping the interest. Thus, i thero sbould Lo a redunduncy of cutzonoy at suy'iime, 80 that it was nol worll 8 por cent. inicrest, it would bo found flowiug back to the Government, If monoy should becomo acarco, there woulil always bo o source of supply at & per cent. Thera could be no panice, no fuctuations, uuder & aystom of thts kind, Tho'interest could be fized at iy x5 e cout 38 wisdom o ‘exporionce might otate, > I am atllt moro than ever favorably improssed with this plan. Some have said it would raico an ury of officers to oxecuto tho plan. Do they consider what an army.wo uto nOw Bupporting, who are ongaged iu ‘loaning monoy to thelr noighbora at suormous . ¥ates of intecest? Ido not baliove that it would incrasso the numbor of oficials to auy great extont, Iam satisfied that one man, roguluted by law, would do mora ser- Vico in this lino, at a réasonablo salary, than ton mou ars now dolng At onormous salarios. It in an attribute “of the Govornment fo provide its eubjects with & ourrenoy which shall be a legal-tender for dobts aud ro- coivable for taxcs. As the matier now stands, we are poying from 12 to 16 per cent interost every yoar to private individuals for mom +nau hatt tho monoy now fu cheulation. This tw true! of gl the National-Dank ourrency now axont T'here I8 no rouson why Natioyal Banka should be permittod to print monoy, sot it afloat, wnde charge pooplo 10 por cont intorest upon it, wov take advantage of all that mny bo lost of destroyed, whon the peoplo, in thoir sovercign capacity, isve the’ right’ to issuo money, and to onjoy tho advantage of it. If the money that the poople Linye paid to private partics in tho shape of intercot aiuce t?.\u unational dobt was cronted had been turnod to the payment of that dabt, it would huve gune a loug’ way toward its extinguishmont, I am glad to know that the peopls are agitated upon the questions I have here disoussed, I can olemly discorn » growing sontimont in the right direstion, The nucossity of war led us toa sys- tom of ourroucy which ‘was a long atep in the 1ight direction, ™ 1ta beneflts have been ro ap- parout, aud ity advantages over the old systems which have provailed 8o grear, that none aro found to advoeato o return to Miose old sysy Experience s the best teachor, 'file 'ar taught ua & flonncinl system the advane tages of which woyld have beoen sioutly denied bofore oxperience made denial lmpon!lb{o. The ?enplo must bo vigilant, hecause thors are in~ oreutn at work which would carry us back ta the evil daye of wildcat shinplasters. We have ons mure atap to take, which is to broak wholly away from the snarea and dolusions which cluse ter eround the spacie-basis fallscy, Jaxes K, Maore, ——— : i Dr. Schliemann, Dr. Bobliemsuy, tho ropovted dlscoverer of Ancient Troy, js nbout to leave’ Giroac in diss ust, Ile hud offored to build o museum at thens at hia own expsuso and doposit there all the antiquities which he had J;uenvam on condition that tho Graok Government would al- low him to excavate at Alycenne and Olympia, the procecds of tho excavatious alac to becor the property of the nation, andto ba daposited in tho Schliemann Musoum, Parliament acoept- od Lig offer, but the Government has doclined to sanation it, and Dy, Schlicmann now snuounces that ho will leave Greoss forever, . i