Chicago Daily Tribune Newspaper, June 22, 1874, Page 4

TERMS OF THE TRIBUNE. X0M8 OF NUREORIPTION (PAYADLE I ADYANOR)., . Faoakmatt:s S 1508 | Sroaye 18 o o yonr at the snina rate, otoven dotay nud mistakos, bo aure and aive Post Ottcs addross fu full, fucluding Blato and County, ‘Remittances may bo mado efthior by dratt, oxpross, Post Offios osda, or tu reglatered lottors. at our risk, FKNAIR TO CITY BUDSCRIDRAA, . delisorcd, Buudsy oxcoptod, 08 conte per wask, B e vered, bundsy hiclndods 80 cants por wooli Addrote THE TRIBUNK OOMPANY, Ootnor Madison and Doarhurassts.. Uhlcago, plaiiialtbu TODAY'S AMUSEMENTS, EY'S_THEATRERandolph stract, batwaon O S Ste: Famagoment of'tho Tirth Avomuo omedy.Company, 't Oliaslty. 1) —Madlson streot, botwosn A ot “Katio Mayhow. M'VIORU] Toarborn and State. “CWith the Tide." ' MUSI0—Hnlatad streot; batwaen Mnd« i A O akagowent of Stolson's Novoliy- ompany. Vaudavilio, pautomiino, cowedy, and farco, ATRE-Gornor of Wabash avenus rfi’é‘fifi‘fi‘e‘.‘. o hattortunnce.. ThaJackioy Rupa, Roynalds’ Bros,, the pantomime of ** Robinson rasoo.” p 10U ron strast. hotween nfll’u‘fi&“....‘u“&‘f.f}t Josh Hart's Ocmblaation, Varioty Postormance, '+ The Mulligan Gunrds," olo. 5 N ING-Lakoohoro, foot, of Adsms OO o ae A fornash #ad svoRiDg: v 10 HALL~Olark stroet,» botwoen Y, NS 0utit aitoriaamont by Ail Bar: Lott aud Mol Smith Jtumoll, 5 oo m———r—— SOCIETY MEETINGS, 7 APTER NO. 3R, A, M.—Hall 18 ‘384 work o . : et B o N UOKEA Hoor. ek ———— BUSINESS NOTICES. WIRK'S DOINGS IN WALL ATRELT. EX- A\ aapifal withost siak, B ene ron. RUMBIRIBGI & 00w 3 Wallats N, ¥ The Chivagy Tiibune, ., Monday Morutng, June 23, 1874. Another now planot hus beon discovered, this time by 3. Perrotin, of Berlin. Tho stranger is in o littlo more than 16 hours of right asconsion, and 223 degroes of south declination, This pinkes tho number of kuown littlo onos 189, un- Jees gomo of thom sro rediscoverins, of which tloro {8 a little doubt, though it ia astronomioal hioresy to say so. A mob of masked mon broke into the Greene County, IIL., jail early yestorddy morning, and tobk possession of & young murderor namod Tvans, who was aftorward found hanging in tho outskirts of tho town. Evany was s dosporatd ruffisn. Ho has confossod to orimes thut should bang bottor mon thanho, On tho wholo, wa Liave only the manper of his toking oft to re- grot, not the fact. The Indepondont ticket hoa slready found tlirty-throo supporters among the weokly pross of Hlinols, We publish » lst of them elses where. It is very evident that the movement is not going to fail for want of nowspapors, nnd that tho catimate which tho ‘St. Louis Globs volunteers, of ita vote in Novombor, is as far ‘ag possible from the truth, The Globs sllows tho’ Indopendent tickes 10,000 votes a3 an outside figuro, #if tho now party goos to tho polls at all,” Two attompts to wrock traius on the Now York, Now Haven & Hartford Railroad, noar Greonwich, Conn., are reported in our special Zispateh from Now York this morning. It is be- lioved that two tramps, who woro Iately ojected from a freight-train for rofusing to pay the fare, aro tho oriminals. Tho tralna affooted, in both cases, wore full of passongers. Just what should ‘e dono with these men, it thoy are vonvicted, is a quostion in gocial ethics that may be left to the earnest considoration of Dr. Boveo. ‘And now eomes Mr. Johu L, Hayes and protosts egalnat tho now Roolproclty Troaty becauso it propoges to let in the long wools (combing wools, as they aro techoically callod) of Canada free of duty. Wo sbould broed our own worsted shoop, thinksMr. Hayes, or perigh in tho attompt. Our -worsted manufacturers have noorly porished in the attempt alceady—but the worsted manu- facturers woronot parties in interost in the wool and woolen comblnation of 1867. We have got thom down ; now let us keep them down! Tsit not about time for o party to organize against thouo tarift 1azzaronl who are in porpotual con- #piracy againet ovory mau and every intorost which bas too much golf-rospect to keep a paid lobby in Waghington ? AnotherNow Orleausuowspaperhasfallon under tho displensuro of tho authorities, and been scizod or supprossod. This timo it ia the Dullelin Tho neolzuro was mado by the police. It took placo emly on Sundey morning whon' tho last forms of the paper were holng conveyed to the pross-room. Nobody Tnowa why, or by what authority, the sction of tho polico ia tuken ; bub wo do know that there inno offonye that can justily a prooceding of this nature, Tho law is intonded for the fur- theranco of justico, not for an instrumont of op- pression and annoyauce, Evon an-attnchmont | for debt should havo boen served with more de- coney and rogard for tho intercsts of the pro- Prietors, Reprasanlnlivn Btone'sinvestigation oftheman- ner 1n which pestal contracts are let under Orea- well's adminiatration has como to nothing, and 4 is moro than possible that thore was nothing for it to come to. The contracts to which special oxcoptions woro teken seom to have boen logally drawn and oscouted, The Tostal Committeo hngs agreed ta roport that the charges against officers of tho Depart- ment havo not been sustained, Btone's proamble and rosolutions will probably bo Iald on tho table, It lsn pity that Btone should have hoon at so much trouble for uolbing, If ho wants nu luvestigation, firat clase In all rospocts, ho cannot do batter than give hig undivided: attou- tion to Mr, Columbus Delano and tho Indiswn ' {(l:;y. There's o trail worth fallowlng, i ‘fhe Obleago produco maxkets wers rathor ; nlow on Snturday. Moss pork was quiot sand 100, por brl bigher, closing ab 817.25 cash or soller July, Lard was quict and 10@160 per 100 tha bighor, closlng at $10.00@11.00 for old, and 100 for summer rendored. Boats were In modorate domand, aud unchangod, at 634@6}0 . for shoulders, 83{@9% far short ribs, 83(@0I0 forolens, and 109{@11c for swoot-piokled hams, Highwines wero loes activo and unchanged at *g41¢o per gallon. Yake freights were dull aud atoady, closing at 8}¢o for corn by eail to Buftalo, i Flour wag loga motive and unchanged. Whoat i was relatively quiot, and 3o lowor, closing at ©1.213¢0 onsh, §1.204(@1.30}¢ soller July, and 61.2434 for Miunesota No. 2, Cora was activo, i! aud 3o lower, oloalng strong at G0J@C0}G0 oash, and B0jfo seller July, Oata wore aciivo pod fxmes, olouing &b 48360 onsh, snd 4@ 413¢a sollor July. Ryo was qulot, nnd firm at 80o. Darloy was moroe notivo at 000 for now, sallor Eoplombor.' Toge wero aotlvo, and 5@100 Ligher, with sales ot §5.25@0.00, Cattlo woro fn falr requost at unchanged pricos. Blicop woro lunotlvo, r—— Tho timo whon tho nrgumant for an injunction to rostrain tho onforcemont of the Wisconsin Iaw will bo heatd fs not yot announced. Xt will probably bo during tho eurrent wook, Tho Ilon. Luthor 8, Dixon, ox-Ohlof Justico, and Attornoy- Gonoral Bloan will appoar on behnif of tho State, It In also rumorod that, it Congross adjourns in timo, Bonator Corpontor will happon this way In ilmo to volunteor o dofonso of tha law. Boveral other politiclans aro exceadingly anxlous to noqujre roputation in the anmo causd, TFor tho bondholdora of tha Railway Company, tho Hon. E. W, Btoughton, of Now York, sud the Hon. 0. B, Lawrence, ox-Olisf Justico of this Btnto, will appoar, togethor with the Ion. B. 0, Oool, of this clty, on bohalf of thio Chicago & Northwestorn Railway Company. Tho printed argumonta will bo vory olaborate, land the oral arguments will ocoupy considorable time. Mr. Justico Davis, of the United States Buprems Court, is expeoted to 84 with Judge Drummond and Judge Hopking at Madison, whon tho mo- tion is honrd, One of tho most important bills that has como bpfora Oongrosa during the scasfon fs the Gonova Award bill, Xta importance is twofold, first 88 bearing upon tho rights of claimants, and socond o8 hoviog o roflox upon the groat prinoiplo of arbitration. If it bocomos apparent, or, what {a tho pamo thing for prosont purposos, it tho Enroporn Powors Loliova it to bo apparont, that tho Amorlean na- tion played tho part of a sharp attornoy or.trick- ster at Gonova, and obtained roparation undor fnlso protenses of zoal for individual sufferers, thon arbitration will again bocomo less fashion- ablo than war. Buch o rosuls is likely to follow auy furthor delay in the dlstribution of tho award; sud wo rogrot to add thot further dolay i almost certain. ' The bill is now in Conforence Committeo, and not likely to coms out thonce. Bo the mattor will be deforred to tho noxt sosslon. Votors who have room'loft in thoir tally-sticke, will plonso score anothior ono, against Ay, Batler. : + Mr, Teraol T, Hatch, of Buffelo, kins writton a Iottor ngainst thg proposed new Reclpracity Tresty on the ground that one of its provisions roquiros that tho Canadian canals sball. be on- Inrged and placed at our fervico within threo yeara. This, Mr. Iutch thinks, is & part’ of o arafty schemo of Groat Britain to got control of | tho trado of the Northweat. -Tho diabolical #pirit diaplayod by Gront Britain in her attempt to monopolize the trade of tho world should ba frusiratod by this country ss far ss possible. Mr. Hatch does not exactly suggent that a clauso ba inserted in tho treaty probibiting Cannda from enlargiug Lor canals within three yoars, or any othor time, but it is obvious that suolt a stipula- tlon would meot his chiof objoction. Unfortu- nately, Cannda is tho mintross of Lier own canals, and if she chooses to gratify hor diabolical tastes Dby enlarging them, and offering cheapor trans- -portation to tho products of tho Wost, thore is no wey to prevent her from doing so, evon though tho presont tronty should bo eent to the bow-wowa. Wo confoss that Mr, Tatch has rafsod an objeotion to the treaty that has not been dreamt of in our philosophy. E— Bermons by Prof, 8wing, the Rov. M. J. Bavage, and the Rev. 0. L. Thompson, are publishea’ in Tuz TanuNE this mornivg. Prof., Swing spolte ot Christ's Xingdom. ¥o belioved tho idea of this Kingdom which pravailed in the esrlyhistory of the Church waa erroneous and wiclked, Tho past now comes o ua with confossions of cruclty. It tolls us that the Kingdom of Jesus is not like the Kingdoms of this world; that it cxcludes the idea of forco, and is marked in _n'll ita outlines by the greatucss of God. The preachor-defined tho empire of Christ, and distinguished it from eartbly cm- pires ssbolng poecoful, all-oxtensive, and un- changeable,—in o word, divine. Mr, Thompson'a thome wss Woman's Work in ihe Church. He charactorized the Goneral Assombly's iroatment of this question a8 wenk and evagive. For him- salf, hio hiad boen tao close & student of 8t Pauk to allow of his bolioving that woman ought to- proach. Hor opportunity is in the prayer-meot- ing nnd tho Dorcas Boclety, ‘and in tho line of “gilont infloence,” whon the brothren are on’ band {o do the talkivig. The Rov. M. J. Savago preachied on *Tha Mystery of Aflliction. Raturng from the County Gonventions in Yows aro not withont significance, In Scott and Polk Countios tho Anti-Monopolists have pessed rego- lutions opposing the Prohibitory Liquor law, and advocating a roturn to the licenso sy~ tem. They aro cnroful, howover, to de- clare, themasclvos in favor of sobrioty and temperance. Tha Polik County Conven- tion adopted a cwtency rosolution indorsing tho oagential fenturos of Mr. Kelloy’s 8.65 boud echomo, and recoguizing the expodiency of & roturn to specie payment “ab the corliest day practicablo.” Tho only Republican Gonvention iul ows from which wo kave anything beyond ordinary nows is that of Aluscatine County, which {s enid to havo booa & most inhsrmonious aud disordeddy gathorivg, tho trouble bo- ing that thoro wera not euough ofiices to go arouud. The Farmera in Illi- noie are beginning to hold convontions pro- liminary to the Corgrossional nominations, Thoy mevifest somahesitancy in approving the Spring- fidd platfeom, Thoe farmera may do excellent work in t'io Congrorslonal dletriots by repudiat- fvg the ropudiators, end sonding Lard-money . men %o represent thom iu Congresn. ‘A deolalon of somo Importanco has been rone dered by the Wisconsin Suprome Court in rela~ tion to tho power of the Btate ovor the cbartors of corporatlons.. The history of the case passed upon is briefly this: Tho Wost Wisconsin Tailrond recolved a Inud-grant, which was expressly oxemptac from taxation, 3Much of the lend so soquired was disposed of at public sale ta Enstorn purchigers, and was ongoily songht far on acootzat of the tax-oxemption, Tho Legie- lnture afterward ropenled the Inw oxompt- ing tho lauds, ‘Taxes wero oxtonded on thom by tho Doard of Buporvisors of Trompoaulenu Couuly, and payment wna rofusod by the Rallroad Compauy, The case went to tha Bupremo Court, which has now de- cided that tho Stoto hos full power to alter ov roponl auny rights, privilogos, or immunitles do- rived by chartor directly from the State, As for the vouted rights involved, the Court hold that Usey umount to nothing, for It swas perfoctly woll “mown at the Limo tho lands wero sold, that tho Btato miglt at any timo ropoal the aot of oxemp- tion. In poiut of law this {8 truo, but itis ac- jually tho cago that many verdond yero in- fufluenco .|'than to run at a losa. duced to hbuy those lands boosuss of the asgurance that they would not bo involved in Iargo oxponditures boyond thelr oxpeotas tions, But tho pooulinr provistons of the ‘Wisconsln Oonstitution are fast bacoming known, Horoaftor, 1f any man makos Lionvy {nvestmonts In corporations dolng business in that Stato In depandonco upon a stablo ordor of things,lio nosd not complain at flnding that a turn in the politl- cal wheel han bought fn & now Biato Govern- mont, and fixod a now valuo on his property. THE BRAIDWOOD BTRIKY, That 1,600 nioh, most of thom with famllies dopondent on thom and forming a community of thomaolves, should voluntarily suspond work for an judofluite poriod in timon liko thoso, fs n caso sufllelontly strikiog to warrant tho aitontion of tho publle, Thia ia the condition of things at Braidwood, & mining town noar Wilmington, Iil, which & Tniusg roportor, aftor a spooinl invostigation, dosoribon nt longth In this morning's pspor. Draldwood is tho homo of tho minors .who tako out whot is known in this market ms the Wilmington coal. The mines are owhed by thres companics,~tho Ohicago & Willnington, tho Dismond, and the Btar. Tho first-namod 18 tho largest inatitytion of the throo, but togothor tho companies work about 1,600 mén, who have built up & town of thelr own ot Draldwood. It is tho oustom of thess companles to mako a contract with the mioers on tho first of overy Juno; fixing the prico, por ton which tbo minera are ‘to rocelve during tho ensuing year for taking out ho oconl At tho last of Moy, tho companies ‘gave notics that thoro would be o cliange In pricos, They had boon paying 81.26 & ton for mining, with an al- 1bwanco of 4 conta s ton for pushing for ovory fifty- yards wftor the flrst fifty yards. Tho ndiv térms proposod by tho com- p’un[cl weroe $1.10 per.ton for mining, snd conta s ton for pushing for évery one hundrod yards aftor tho firat one hundred yards, for which notblug was to be paid, Tho companios claim that this change would lower the tofal cost of mining tholr cosl from 160 por ton to $180 por ton. Tho minors claim that it wonld reduco thelr wagos about 253" cents por ton, Tho com- panioy claim that thoy canno efford to pay moro than thoy offor, end hnd better suspend work 3 Tho miners olnim thst they cannot live at tha rates proposed, and, had bettor not work at'all than to work, at those pricos,* ‘Atid horo ig tho dead-look, . Tho difforonce betsveon tho companios and tha -minors rolates to the pushing of the cars in tho mine and the keeping of tho roadways cloar. Lhe difforence is not readily underatood by an outsidor, but ia not cssontial to an understand- 1ng of. the main issuo. - Tho minors offored to " tiko out tho'conlat $1.05a ton, or5 cents loss than tho companics -proposed, If the old rates for pusbing sud keoping the rondways dloar woro retsliied. Thoy are now willing to take out tho cond for 1 a ton in tho cloar, the ocom- panics “to do the pushing, eoto, ~ But tho companios docline to ocomsidor any of these proposttions or, in fact, to_compromldo on .any othor basis than the torms thoy Lave pro- pbsod. In this respeotitho miners liave cortainly, shown & fairer disposition than the ownors, They have offored to compromiso on a graduated *scale of prices, proportionate to the price of conl. Thia proposition I8 daclined by the com- panica on the ground that thoy soll tho bulk of their conl to tho railronds and othor large cus- tomors on contracts of long standing, and that it would bo ruinous to thom to ba' govorped in :what thoy pay for mining by tho retail prico of conl. - But tho companics scem to b moat ot fauls in.thlr rejoction of & sottlement by arbi- tration, to which the miners are roady to agroo. McLaoghlin, tho Trosidont of 'thé Miners' Union ot Braldwood, eays thas ho is opposed to strikos, but that, in this cose, thove wesno alternative if the miners hoped to carn lving wages. If tho minors are convinced of this, tho chge i certaluly one for arbitration; end a8 thoy cannot hope to' control the ro- sult of wn arbitration fn thelr favor if they do not desorve a vordict, it ja diffenlt to perceive how tho companics can fairly decline thia offer, excopt on the ground that tho mines bolong to thom, and they will keep them fa opora- tion or not, a8 they soo fi6. * Probably the true explanation of the dead-lock at Braidwood is, that both tho owners and tho niinors are woll propared to hold out, nnd can afford to indulgs in tho Juxury of a stoppago. Bomo porsons beliove that the suspension of work 8 n scheme of the Wilmington Com- pany to gain control of the two small- er concorns, but it is more likely ihat there iaa radicsl differonce botween the ownors and miners as to what the former can af- ford to pay, and that it will not be gottled until ono sido or tho othor fools a barder prossure than ‘now. Theso minos have boen worlied for soveral years without sorlous interruption, and tho minors .aro consequontly in a better condition than such communities gencrallyare, Large numberaown thelr homestesds and have Inid up monoy. They ero ag a clasa sober and industrious, and live to- ‘gether amicably. Thoy aro, thorefore, propared to murvivo the susponsion of work for soma timo to como. Oun tho other haud, the compenios bave a largo amount of coal minod, and aro hopeful of sccuringmon to workat their owa terms, so that thoy aro disinclined to give way. Bo far thero has boon no disturbouce ot Lraidwood. The compunies have taken down about 100 now meu to go to work, but all of thoae, with two or throo exceptious, have gone away, rofusing to work whon thoy heard the miners' oxplanation of the situation,— the DMinors' Union ypaying tho . expouses of the mnow-comers to thoir liomes. At ‘present there fs no indleation that tho minera will uso force to drive off the man the companics may omploy. ‘Ihey are cortainly ‘inolinod to be penvoablo, But who can tolt what timo and wunt may bring forth? Iore are 1,000 minors living off ono anothor and from what thoy have saved. Whia canuot bo kept up very loug. Whon their monoy is gone, whon tho supply slores rofuso oredit, and whon hunger comes, there mey bo a difforout scone proaented at this now penceful community. It is to bo hoped that offcctual moasuros may Do found to avort violonco at all events, If tho companies rofuso arbitration now thoy will not o entitled to appenl to arbitration Lercaftor, And while the public peace must be presorved ab all hazards, the responsibility of & broach of tha peace will bo upon thoso who shall Lavo shown hio most amicablo and roasouable disposition proviously. : OUR CROP REFORTS, . ik Wo present this morniug unusually full ro- posts of the ecrop prospeots, mainly in linois and Jows, rosexyiug. tho other Westorn Btatos for another timo. By tho conrtosy and with the Tolp of tho ofilcora of tho Ohicago, Burlinglon & fuinoy, tho Alton & 8t Louly, the Ilinols Qon_ ‘ & £ . THIS CMICAGO DATLY TRIBUNE: MONDAY, 29, 1874, tral, and tho Michigan Contral Railrongs; wo havo boon able to. mnake up n more compro~ honslve roview of the orop prospocts than lna yob Dboon promented, Tho result of tho invoatigation is vory entisfactory, and worrants tho prodiction that thoro will bo an unusunlly largo yleld in all grains unless 1t boin onts. The most notable incroago fa in corn. Tho farmers soom to hiave forgotfon tho tnclt ngroo- mont which was promulgated last yoar, vizs to seoure good prices for fhoir corn by planting loss of it. It not this, then thoy hive moro confidonco in tho transporiation roforms than thoy had at that time, and indeod thero have beon evonts which warrand n moro hopoful outlook, It Is slso avident that many of tho farmora aro giving more nttontion to stock-raising than over bofore, which would ac- count in part for the fnoroeso in tho amount of corn planted. In a fow scctions, the cornis bacloward, but ovorywhore it sooms to bo of Rood sizo and color, and tho orop will show o arge inoroaso. Tho wheat crop Is roported ns bo- 1ing fully up to tho average. It would probably bave oxcoodod tho average if tho spring whoat hind dono as woll as tho wintor wheat, Thodrought, which Isstod many weeks in some soctions, sortously dawnged- tho latter, and iho ohinch- bug bao beon making ravagos in cortain locall- tios, Tho on ly falling-off scems to bo in onta,” Ingoma soctions thore was less plantod than ‘usual, andtho drought in tho onrly sonson {njured tha crop. - Of tho othor crops, rye and barloy aro roporéed ns of about tho usunl yiold; thograss gonorally io heavy, and promises s lorgo atoclcof hay; tho potatoos have boon somoshat injured by tho bug; the Lroom-corn Is dolng wolls fruits aro plonty 1n all soctions ; and Iowa io rolaing flax in proportions far boyond any for- mer scason, Tho amount of acreage planted In Tows shows s remarkablo inoroase. It varios from thio same amount last yoar to threo timos that amount, in differont countios, but the aver~ sgo amount of whost and corn planted in Iowa I8 probably 25 -per cont larger than that of last yoar, whilo that of onts is 10 por cent moro. Tho roports’ from along the lino of tho Xllinola Contral Rallroad in ibis Btato show an Incrense over:lust year of ail graina sown of asmuch as 30 percont. Alto- gothor, thero will bo no reason to complaln of tho crops in any soction of Iltinois or Tows, and tho harvest will be an oarly ono, Thoro is also ovldonco of a planty of monoy in tho banks to move theso crops when tho timo comes, THE TAX CASES. £ Under - the Ravonuo law of 1872, the State Board ‘of Equalization mado an "asscesmont or yaluatlon of tho capliol stock of all tho privato corporations in tho Biate of Iilinols, ‘Thoy ronchod tho valuation of this capltal stook by tho following process: Thoy toolk the par valuo whon it was not quotod, or, whon it was quoted shove par, the current markot valuo, god to this added the smount of debis, it any, dus from tho corporation. ' From this thoy deducted tho nsacasod value of tho tangibla proporty of the company, and tho remninder was cortilted to the Auditor' 08 tho taxable valuo of the capital stock anid franchise of the company. * Againat this proseeding there were a groat msny in- Junotions neked by corporations, on the ground that tho taxation of tlia capital stock, and alsoof tho tangible property of the company, was lo thio naturo of double taxation, snd that this jo- justice and inequality was further sggravated by the'addition of the amonnt of debts to the value of the capital stoci s part thoreof. It was also objected that tho capital stook was not owned by {he corporations, but by individuals residing in a1l parts of Christendom, and hence that the companics ‘wore taxed upon somothing which they do not possess. Aunother class of corpora- tions taxed wore those incorporated In other States ond doing busiucsa horo, Tho Board of t5qualization undertook to apportion tho capital atock of theso companies to the business done jn tie Stato, nnd to assoss them ac- cordingly, Thé Bupreme Court of Illinois, aftor hearlng arguments in all the caspe, em- ‘bracing every varioty of corporation, have ren- derod deolsions in to cases, ono covering homo corporations and tho othor of foreign corpora- tious. Inthe ease of the Rockford & Rock Island Raitroad Company, chartored by tho Btate of Illinols, tho Court substontislly déclaro that the TRovenue law, liko all othor statutes, must bo con~ strued £o that tho wholo ehall stand, snd when- ovor an act of the Logislaturo can be so con- strued and epplied as to avoid a confliot with tho Constitulion and give it the force of law, such construction must bo adopted. Had tho Legislaturo powor to roquire the capital etock, including tho franchise of corporations, to be nssessed for purposes of taxation? Tho porwer of taxation 1s vested in tho Logislaturo, whose powor in plemary, excopt sv far as rostrioted by the Conatitution of the United Btates and of the Stato, It is olear, tho Court aay, that tho franchise of & corporation i property, aud a propor object of taxation. If. has evon been held to bo lable to be condemned for publio uso, under the right of ominent do- | main, Owing to the peouliar naturo of suoh property, it may Ve diffiault to ascertain ite notunl yalue, nnd gross injustice mny bo done, bat o fnw caunot be beld to bo unconstitntionnl moroly boenuso its provislons aro unjust. Fran- chiges and orodits nro both intangible, but it ng boon the practice in this Btato, sustained by the Courls for yoas, to tax oreditn, In tho caso of this corporation, its franchise is mortgagod to ita oreditors, and, it it havo s veluo sufliciontly dofinito to be mortgagod, it must bo suscoptible of assossmont for taxation, 1, Undor the Constitution of tho 8tate of Nlinols 1t ia loft ontirely to tho Logislature to dotormine whothor corporations shall bo taxed (1) only on tholr tangible proporty, (3) on the amount of their capitnl paid in, (3) on tho amount of thoir grons recelpte, or (4) on tho value of tholr tan- gible proporty and on the faircash valuo of thelr capital stock, including franchisen, ovorand above the aescescd valuo of thelr tangiblo proporty, In the couo of the Illinols Contral Railraad, tho commatation of taxos with that Company was sustalned by the Court, on the bsals thut tho Tiogislature ind power to apply & differont rulo fo corporations from that applied to individuals In lovying taxes. Tho Court hold that under the Revenue law of 1872 the capitnl stook and franchises of mll compantos olartered under thoe laws of this Blato must bo mescseed for taxation, Ineuch enses, the shares of capital stock in such com- pauios aro not to ho taxed, Whon corporationa dolng busluess fu this Stata aro croatod by tho laws of othor Blatas, Lhora is no provision or lnw for taxing the capltel stock of such companics, buk oitizens holding sharos in the stook of auch companioa must bo assessed on guch eharos aa #0 much propor#y hield by thom, R ‘The objedtion that tho assossment of the valio of capltal stock and franolisos was mado by the Fiate Board of Equalization and mot by the 1oonl Asncasors 18 ovorrnled, on tho ground thab tha Constltution doclaros tliat ansessmonta eliall Lo mnde by such pereons appolnted for that pur~ poso a8 the Legislaturo mny dotormino, This DBoard was provided for that purposo, and duly suthorlzed by tho Loglalaturo, to make tpls sssossmont. Thint Board was algo tully onthor- izod to make rulos for it own governmont in tho dischiargo of {ts dntlos. Tho Court say that thero {s a ncoming ‘injustice in tax~ ing corporations which are largely indebted, and whoso carnings aro iusuficiont to pay tho intorost on thoir dobts, to the full valuo of their proporty and privilogos without rogard to thelr dobte, but it has novor beon the polioy to dis- criminate in tavor of individuals on this account, onda olaim for oxomption cnnnot bo mado by o corporation when o lke olalm may not bo mado by an individual. The weakest polnt in the do- cleion, n8.it cems to us, ia that which justifios tho ndding of dobta to capital stock for pur- pozca of toxatlon, instend of subtracting tho somo, 'Wo glvo this In tho words of tho Courb: The modo of valuztion adopted by the Board of Equalization nssumaa : 1, That the valus of the aggre- gate shavaa of capltal alock s equal to the Valuo of oll tho proporty, including tho franchiso, belonging to the corporations where it fa not indobted; 2. That, where hio corporation is indobted, the indobtodness propor- tionntoly reduces tho valua of tho shaves of capilal stock 3 8, That tho value of the dobt is dotermined by tho valuo of thnt Lelonging to the corporation from which is paymont can be cnforced, 80 that, howovar great tho nominal amount of tho debt, ita sctual valuo can never exceed that sum. To illustrato: Whero a corporntion is free from debt, and tho aggregato valuo of ila mlares of stock ls, cay, $160,000, it is ae- sumed that tho valua of ils capital stock, inoludivg its franchlso, is $160,000, If the amo corporation, siill rotaining tho same prop- exty, 12, howover, indobled §60,000, this witl reduco the nggregate value of it charcs of atock to $100,000, But, os the law docs not oxempt corporations: or individ- unls from tho- payment of taxes on account of ndebt~ eduess, It wonld not bo acourato to tax tho corporation nt this smount, Lecauso to do 50 would bo 1o exempt itto thooxiont of ita indobtednoss, To nscortaln, thercfore, what would beilo aggregate valuo of its slhiarea of slock, 3f the corporation wore free from debt, it 15 nooozaary tondd to tho valuo of the shares of stook. Ifthe corporation, in tho given caso, A iu- dobted $160,000, tho shares of stock willbo worlh nothing ; but the valuoof tho dobt will bo $160,000,: which 16 tho valuo of that from which it psyment can o enforced ; and o, §f tho corporstion 18 indebted in any greator qum, tho valuo of tho debt will still be only $150,000, ” ‘Flo Court Hold that while the valuo of Etooln may fluctuato, and bo’ at times guotéd beyond thoir ronl value, it {8 lawful to assoss them for toxation ob tholr curront'valup. 'Tho mode adopted by tho Board is hold to bo constitution- al, and, whilo thero mny bo injustico done, tho'| Court has no power to rovise it, - However much’ tho Court may-think the Board erred in ita valu~ atlon; no powor is given the Court to arrest the collection of tho tax meroly on thab account. The Bupreme Court of this Btato has ropoatedly affirmed that a court of equity will novor en- tortain o.Dbill to rostrain tho collcotion of's tax. excepting in‘cagos where the tax Is unauthorized by law, or where it is assossed upon proporty not subject to taxation, or in casca in which propor- ty bios beon frauduontly assesged Loo high. " In the cass of tho Wostorn Unibn Telegraph Cnn‘:x\my, fncorporated Ly the.lawa: of New York, the Qourt hold that it s in fact and theory a foreign corporation, Whilo there fa.no doubt ot. the power of the Logislature to impose tnxa- tion on such corporations to whatover oxtent 1t may in its dicorction choosoraa a condition of dotog business in this State,’ 1t docs not appear that tho Donrd of Equalization was authorized toassegs ita capital stock, under the'law of 1872, Fho law of 1872, providing for tho #sossment upon the vnlus of capital stock of corporations, confines its provisions to thoso companics created by or undor the laws of this Btato, and thorofora tho tax on tho onpital stock of tha Waatern Union Tolograph Company and othor foroign corporations is perpotually en- Joined. In the caso of Mr. Adsit, banker, of this oity, tho dooislon, however propor, is carlons. Nr. Adslt, 1o bis return of taxable property, listed gomo 40,000 of groenbacks, which woro nsaesoed at their faco'value by tho local Assessor; tho Slate Board of Equnlization arbitrarily added 68 'por cend to tho nesossed valuo of all tho por- gonal proporty in Cool,County. Mr. Adsit, there- foro, Was taxed at tho assessed value of 81,08 for overy dollar of greenbacks possessed: by him. The Court in this caso say that Mr. Adsit failing to appenr before the local Board and have the esnossmont equitaply adjusted, and thoro being no frand alloged {n the assesement, the Court cannot enjoin tho colleetion of tho tax. Tho practical offécts of the tax laws as Inter- proted by the Court would seom to bo thezo: (1) That oll corporations which ean do businees under articles of copartnorship will resign their ohar- ters and oancol their stock to avoid taxation; (2) that most of tho stock Issued of Iate yoars by the bushol witliout any’ money having baon potd for it will be wiped out; (8) thab the xail- rond companies will now join in tho offort to Iiave the whole system of taxation by valuation abolished, nnd replacéd by the Pennsylvania systom of licanscs, oto.; (4) that tho question’ of taxlag onpiral stoclk against companios lesu~ ing but not owning it, will be taken to tho Bu- premo Court of tho Unitod Btatos. AN AMERICAN CARDINAL, Amerion I8 to bave a Cavdiual of the Toman Churoh at luak. Buch, ab loast, is the roport, And the strange thing about the mattor is that tho porson whoso namo is conuected with the dignity {a uat an Archbishop, or Bishop, or priost oven, but a layman and o journaliat, being no othor than RMr. Jamos A. MacMaster, oditor of tho Now York Freeman's Jowrnat, It {8 pros posod to oreate Mr. AMacMastor donoon and aftarwarda Oardipel. It Is gonerally supposod that nono but thoso i orders may aspiro to the dignity of tho Uardinalate. This fa » mistake. Thoro are Onrdinnl Bishops, Oavdinal pricsts, nud Cardinal doncons, Antonelli {s mnot even a . prost; and {f DMacMostor iz mudo a Onrdingl, as {6 {s afiirmed ho will be, he will -bo- loug to (ko samo rank ag Antonelli. Mr. Macdlastor's claim to recognition by the ocolosiantical suthoritios of bis Church are his sorvices as n writer and his offorts to sccuro monay contributions for tho support of tl:o Pops sinco ho Jost his temporal dominions, It is not o littlo sivango that tho proposed Amorican Cardiunl Is the son of & Presbytorian clorgyman, and wo botteve that he was Limeolf for o tims in training for the clorical office in that Church. Cardinal MachMaster—it bo is to bo Cordinal— will hinrdly command tho vespect of a majority of the bottor-educated Untholics of tho country, Tio bne boon an oxtromo pro-slavery man, and @id all in his power to furthor the Bouthern Re. Dollion, Yo lhas boon vory intomporate in hls languege snd unchristion in his journalistlo ocareor. What good oan come from maklog & Oardinal of snch o man whon there aro hundreda of the dlorgy botter puited@ for the position, it - is hiard Zor tho oyo of tho flosh to meo,” The Oourt of Rome, howover, knows its own busi- noss, Wo prosumo, aad, f 1t akall cxaate » Oardl- “Mastor'for {ts first Cardinal if, as wo aro aston- nal out of MaoMastor, it must lava itsown roasons for so doing. Wo think that the Ameriean Cathollo Clirch. nood not bo congratulated on tho cholce of Mac- Ished to hoar, hio Js indeod the chioson ono. - s ey THE OITY BUDGET. The Finance Commitico of tho Common Couneil will Iay beforo that body to-night the ordinanco making spproprintions for the support ot tha Clty Gavernment for tho year ending March 81, 1876, A summary of ila contonts ox- hibita tho following fnots: or nppropriattons askod for by the 1 depREtmonti,ye.esovesers 40,442,800 Bame estimutes rovised by Dl 600,000 Appropriations rocommended by tho Co . mitteo, . 5,233,120 + Tho Committoo ecstimato that the monns to meot ihia appropriation may bo thus obtained: Tax 16 mills on assessment of 431,000,000, ,$4,030,000 050,000 Licennes and miscellancous recolpts. Balo of reul cstate, not including | nor tomporary Olty-Lall...,.. Totaliseasssaenisreranen Itinto bo hoped that tho Common Council will substantially sustain tho Committeo, ko front 200,000 1230,000 EDUCATIONAL, Monmouth College. Correspondence of the Chicago T'rilune, Monyourn, 1il, June 10, 1874, The eighteenth yoar of Monmouth College: closad yosterday with the Commoncoment-oxer- clsca. The ity waa orowded with etrangers, and from 10 a, m, till 6 p. m, Union Hall, whero tho oxorcisos woro held, was filed to its utmost ca~ paclty (8,000), Tho gradustes numbered forty,— tenty-eight gontlomen and twolvo lndics: Wo give the programme of Commoncement-Day, with the degree which ench ‘graduate recelved sttachod to his or her namo: 1 Balutatory--Elizabeth Holbrook, B, 8, Oratlon—* How,” Lawis J, Adnius, B, . Oratlon—*Reform—How Efocted,” Achenon, B, A., Mogmouth, Esa 4,1 1smma Beoksith, B, §,, Monmouth. [deas, Josoph N, Boyd, Omlfun— ‘The Growth of Ide: D, 8., Monmouth, i Oration—* A Pature Porfection, Edwin B, Grahom, ‘A, Grandviow, In, i ‘Oration—* What I favo Learnod;" John 1, Gordon, Ohester, A, Tamilton, 4. Morrow B, A;, Bparta, © Eathy—\Tho Mistako," Ruth A. Divens, T, A,, Mon.- moutl, A . Oration—" Portry and Religlon,” R, Hew e, Gorrativille N, X, o giony e Oration—* The Tiondugo of Liberty,” John C. Mollt- day, . A, Gaavi " Otatfon. ic, 0. W Fallon,’ bat Not Dead, B s, Monmontis, " ot Doady? Dodley Temits ‘apiy—t Lok Aloft," . Telen Cowan, B, ., Mon. ‘mouth, Oration—*" Virtuo nnd National Success,” S Lafferty, B, A., Duick Orack. At L 3 y—<' Beatiored Leaves,” Ella Grabam, B, ., Mon- mouth. Oratfon~! It Is Finfshed,” Albort O, . A, osleutts, O. s 00 MeSlors iy What Vocation,” Aloxander W. MoCog, Oration— D G ton e ndividuality," Ttugh A, MoDil}, - Oration~* In ual [oDjll, 1. 8, ‘Moruing Bun, O, R AR By ‘Essay—¢ Call No Man Master," Mary J, Macklin, B, B otioneo Wantod—~Mon,” 7, Tabort A% ration— Wanted—~Mon,” J, Robort Me . B, Boven Mile, 0, " et D: B Oration— Noutrality, James McKiney, B, A, edo, Oraifon—* Inquiry,” I, Stewart MoClenal . A, poion S Tngeley, wart MoClenabian, B, A., L Waiting," Msry E, Morey, B, 8., Mon- el month. . Tocin~—* Tho Mill-Niver Flood,” David I, Miller, B, A,, Cannonsburg, Pa, ~lmay—“ A Missing Link—Satisfaction,” Elfza 3L Patterson, I, 8., Monmouth, Oration'- Vaneration for Old Age,” Jobn A, Mitch= oll, B, 8., Spring Grov. Oration—+ Soctlonal Prejudicos,” Barr Parkor, B, A, Moumouth, Oration—* Obligations of Belf-Mado Men,” W. T Raukin, B, A, Keokuk, In. + Easay— Will o’ the Wisp,” Jsabel Raokin,, B. 8, G ation T Centonnlal” 3, Boolt ration— The Centenntal,” J, Scott Ryder, B, 8., Monmoutl, 4 st Oration— The Pootlcal Tendonclos of tho Ago,” J. T. Rolneon, B, 4., Moratug Sun, T, =~ Oratlon—* Solf-Discipline,” Louls I, Shuslor, B. Moumonth, Essay—* Out of Place,” Frances Sholly, B. 8,, Shan- non, S Oration—¢ Heresy,” A, Wilson Thompdon, B. R.. Drightou, Is, ‘Eagoy—* Wanted,” Laulss Stavenson, B. 8,, Mone moutl, Oration—* Heart-Power,” Edward P, Welsh, B. A, Lincoln, Teon. Oration—* Ever Finfshing—Never Finisbed,"” R, A. ‘Wilaon, B, A., Morning Sun, O, : Digsertation—* Do Virtute,” Anna E, Willits, B. A,, ‘Monmouth, Oration—Soctal Unity,” O, W. Winbigler, B, A, Bonmouth, A Orntion aud Vlledlu!ur{~“ ‘The Earncst Aan,” T, . Findloy, B. A., Duyton, Fa, Tho 'dogren -of 1. A, was rescived by twenty ontlemen ond two Iadies; that of B, S, by two adies and oight gentlemen; thut of M. ¥ noventeen of the olasical gmiuntuu of 18713 that of D, D. by the Roy. D. McDill, Eckmanavillo, 0.; thie Rav. Prof, W. A, Mebard, Now Wilmiug- ton, Pa, ; andtho Rov. W. J. Reid, Pitteburg, Pa. The total number of dogrees conferrod ias Bixty,—of which, however, only tho three D, D.'s were honorary. The graduating class is tho largest that ever graduated from any collego in tho Btate, excopt the clasa of 1872'0of this col- loge. 5['119 attendance of atndents tho past yoar hng boon 899, represonting Iilinols, Towa, Indinna, Missourl, Ohio, Pennsylvania, Now York, West Virgila, Tounceses, Wisconsiy Outario (Can.), Kentuclty, Texas, Minnesots, Colorado, Konsns, end Nebraskn, " The noxt colloge-yoar opens T'uesdsy, Bept. 1. - Michizan Agricuitural Oolloges Correspondence of The Chicaao T'ribune. Laxotira, Miok,, June 19, 18M, Tho oxamination at tha closo of tho presont term of tho Stato Agricultural Collogo wilk be on tho 24th and 25th of Juno, Aboul half of the studonts will romain and work ou the farm and gardon during vacation, at 1734 cents por hour. THE LIBERTY OF THE PRESS, Another Midnight Selzure of o Now Orlcans Newspapors New Onreaxs, June 21.—Last night, nthalf- past 12, whon tho lnst forma of tho Bullefin nuwapnger WOre bnin\s; convoyed to the press- room, thoy were seized by tho Motropolitan Do lico, by “order of Polico Judge MeAvthur, and locked mp fu the Central Station. whoroe thoy still romain. Tho Bulletin appoared this mornlng with aix printed aud two blank pages, olosing thio columna of editorial undor tho caption—* Anothor Miduight Ordar—An Out- tage on American Liberty—The Preas to Be Bullied and Supprossod.” ‘Tho Bulletin snys: # Whethaor Durall, Kollogg, Badgar, or thelr un- derings bo implicatad, we canuot as yet say, but that this bold, sudacious, and villainous robbary on tho highway of a nowspaper's material on ita way to press vwas, in fact, simply bocauso of tho Dulletin's darlug and outspokon oxposurs of fraud and eorruption is cextain,” LATER. Judgo MoArrthur statos positively that he did not {ssue an ordor for the serzuro of the Bulletin forms. It now apporra that Lhe police acted nndor tho ordor of Badger—ile powor bohind ladger has uot transpived., ——— FIRE IN LOUISVILLE, KY. LowsyrLir, Ky., June 21.—A destructive fire ocourred this morning, dostmyiu{g six wmall "‘"mfifl” and gatting live others, In the neigh- borhood of Brook and Marlot sireots. The fire started in Battow's livery-tablo, on Market sircat, noar Brook, destroying tho building, end burning ten horses, fourteen wagons, and other woperty, ‘Che flames sprend rapldly to tho ad- ;‘olulng buildings on both sidos, oconpied ay emnall siores, ‘Total loss about §26,000. lollow- Ing 18 tho insurguces On stubie aud stock, $1,000 in the Old Dominion, 81,600 in the Dor- chants’ Unlon, and 1,000 in tho Qlay, of New- ort, Xy. Uho totel inAurance on other build- ngs will about cover the lowy, aud is nll placed in Loulsville companies. — THE HATIONAL SANGERFEST, Cruveranp, O,, Juno 21.—The coming Na- tlonal Bangerfest promises to be a great succoss. Many visitors have already arrived, Tha ime mengo hall has beon einboratoly decoratod, and Emuonla & beautiful appearance. The pupils n iho publis echools who ure to take part in tho Hangorfest hold & rohoarsal in the building yestorday, partly to test tho faccustio rpulltlou of tho hall, which proved excollont, To-miorrow will be davotod to the veception of the arrlving singing soolotios, and their aksignmont to qusrturd provided for them. 'The Fest will -be formally opened on Tuesday. & — el BOILER EXPLOSION, + OmATmAM, Ont., June 81,—Tho boller of tha Groat Westorn Itnilvay atcam dredge oxploded yeutorday at Baptiste Crock, killing {wo porsous and gorlously infurlog four othera. WASHINGTON, Congress Making Ready for the. Summer Vacation, Belles and Beaux and Bavnacles . Going 0N for-tho Scason. Committees to 8it During the Recess. Stone's Post-Office * Investigation COomes to Nothing, Thabls(rla! Government and the Safe Rabbery. Text of the Now Currency Bill as It Pussed Both Houses. Roview of the Session’s Worle, OLOSING HOURS OF OONGRESS. TILE APPROPRIATION DILLE. + WasmixaTox, July 81.—Tho Houso Committes on Approprintions woro in scasion to-day consid~ eriug the Benato's Amondmonts making appro-’ ‘printions for Bundry civil oxpenscs, and for riv- ‘era, and havbore, 80 a8 to presont their roport ta- morrow morning for tho action of ihe Houso. The other. Gonoral Appropristion bill pending betwaon the two Housos is that mnking appro- priations * for the Post-Office Departmont. The Bonato ha s appointed n committeato confor with fimfi‘to bo appointed by the Houss on the disa~ greoing smondments, Tho prospoct s above-mentionod billa will bo é’nunltanlymnuiu?;g upon by both branches to-morrow, ROUTINE BUSINESS, Olerks wore engaged to-(uy engrossing numot~ ous bills, and otherwise transncting busincss poitaining to Congross. During yosterday about 1ifty bills—most of thom of n privato ohisracter— wero prosonted to the Presidont for lus approval. ; THE GENEVA AWARD, Tha Committas of Conferonce on tho Gnnnvni Award Distribution Lill hnve not yot boon ablo to agroo, and tho probability s that it will go over until noxt gession, with many othors of a pubiio ohnractor, i T'he Prosident, with membors of the Cabinet, was at tho Capitol yestorday attonding to busiv noag, aud will ba thore to-merrow, The Benate will have an oxcoutivo scsslon bofora ndjouramont, to dispose of pending nom- iuntions, 1 : THE UTAR BILL. TImmodiately on the meoting of the Senato ta- morrow, Frolinghuyson will ¢all up tho Honse bill for the exgcution of the Foderal laws in Utab, in efleot abolishing such foatures of the 'Territarial Judiofacy ae interforo with their enforcament. This, togethor with Ramsoy's Postal Routo bull, will probably bo passod with but little disoussion. ———— DISTRIOCT MATTERS. - : Special Dispatch to The Chicago Tridune, . = THE 100U BAFE-ROBBERY. Wasarsaron, D. 0., Juno 21.—The Disfrict. Invostigating Committad, which has held daily scesions sinco Wodnosdsy last, hearing tostimon . ny regarding the bogua safo-robbery, will exams ino two witnessca to-morrow morning, and make tliofr roport to both Ifouses of Congress in tho moxning. A momberof tho Committee, inan Intoryler this evoning, doclind to give any in= formation’ whntover ‘regarding the testimony taken, but porsistont questioning olicited tho - following: Tho ‘dispatch sont to Tus Trine wNE last Wodnesday rogarding tho matter Wi CUNOU e svevy paisb,.- Tho Ooviot Survice . pooplo and Harrington, after tho burgler, Hayes', tostimony was communicsted nocessary to dh&mvn the charge that they had put up the job throw suspicion upon Alex- wndor, and had the investigation reoponed to in- troduce teatimony in defense, The mombor of the Committeo, abovo referred to, inadvertnntly added, *‘Nothing thoy have introduced has belpod to clear tiiom, a8 for ns X can Boo," THE TENOR OF THE REPORS. It 18 generally understood, then, that the re-: Forl. of tho Committeo will rooommend that tho estimony in the matter be reforrod to tha Do partment of Justico, by an order of Congrass, with inatruction to take such sction aa may bo deemed propor, Tho meeting of the Committeo to-morrow will bo to hear the testimony of two mon from Now York, and iv is stated to-night that Nettloship, baving boen subjeoted to a littlo pressuro, will, at the instanco of Wood, the former Ohlof of the Secrat-Sarvico, tako the stand and manke o cloan broast of the "hdln mattor to savo himsolf from imponding wrecl. At 8 lnte hour laet evening, the Prosidoent ap- endod his signature to the bill abolishing tha istriot Governmont and ostablishing an ad- interim Commission. The vames of tho Com- missioners will be sent to the Sonate to-morrow for confirmation. The Prosident's messago to the Sonate, rccommounding that provision bo mado to increaso tho rate of intorest upon tho uew funding bonds, was OCCASIONED BY A MISUNDERSTANDING by the Exocutive of the sections relative to the acceptaucs of tho bonds in exchange for ovie donces of indobtedness. Whon gomo mombors of the Joint Committco cnlled at tho White Houso and explained that thero was nothing in the bill to compol ani bolder of tho District seourities to exchnngo thom for bonds, tho Presi= dent romarked thnt Lo wrote tho messago un- der a misapprebiension, and exprossed regrot at ¢he troublo he hud crused. A tittle (nauiry has revealed tho fact thet ex-Gov. Henry D, Covko and Judge Blnok epont considorable 'timo with the PTrosidont on Baturday morning, ond it is very gonorally bollevad, that whilo tho Judgo ox- plained that the bill, in its presont shape MEANT REPUDIATION OF TIK DENT of the Diatrict, the ex-Governor lont tho welght of his great finnncial exporionce to convince tho President {hat, un- lesa & higher rate of interost than 8 65-100 per cent was allowed on bonds, the poor but honest holdors of Distriot scourities would be ruined. Of course it would be grossly libel- ous to writeand printa statemont that Cooke and DBlack used thoir inflnence with tho Prosideut in the intorest of a ring comnosed of Oongrossmen and expelled District oflicinls, who liave been moking extensive purchasos of doprocinted Dis- trict mecurizios, A corrospondent guilty of do- ing this would dosorvo the full ponalty of Sco. llbn]! Carpentor's bilt, to facilitate action for el P EE THE POST-OFFICH INVESTIGATION. BEPORT ON BTONE'S RESOLUTION BY TUE POMT- OFFICE COMMITITE. ‘WasmNGTON, Juno 21,—The Houso Committeo on Post-Ofiico and Post-Rond, late last night, submitted n roport on the charges made by Rop- rasentative Stono, that abuses and irrogularitioa oxiat in tho Post-Ofica Dopartment, in rolstion 1o cortain mail contracts, the payments to con- . tractors, and tho coutracts for tempotary #orvice. 'ho Committco, aftor an olaborato oxeimination of the subject, say that uncontradicted ovidonce fully ostablishod tho fnob that no pay- ments of mongy wore mnde in “any inotancos in advanoo of servico, nor uutil the expiration of tho quarlor in which tha work was dope, Nolioving that, whilo cum- Dbinations for straw-bidding heve frequontly bun caterod into by outsido partios, the alloged nbusos and irrogularitios bave nok oxisted, and do not cxist, in tho ragulsy Post-Ofics Dopart- ment, ag chiarged Ji tho preamblo and resolution raforrod to by tho] Committoe, aud being of tha opinion, after vory thorough oxamination of the wholo queation, that tho ohurgos against tho oflcers of thab Dn!mlmnnt lieve not beon sus. {ained, the Conunittea asl that tha proamblaand rosalutiou bo Iuid on the tablo, and that thoy Lo disoharged from further cousidoration of the subjoot. Thin was agread to, ——— NOTES AND NEWS, Speetal Duspatels o the Chicano Tritune, Wasnixaton, D, 0,, Juno 21,—Soveral commit- toos of both Houses of Congress have beon au- thorlzod to it during the smmmor recess, for the purpoes of making inveatigations or exuminiug into various mattors on which thelr respootive ITousen want and noed enlightenment. Awong thosa Is the Bonato Committeo on Territorlos, which 1y to inguire lnto affalre in tho Indian'" Torritory a8 to tho practionbility of framing o 1 Towsitorial torm of govornmont for that Torsie