Chicago Daily Tribune Newspaper, August 27, 1874, Page 4

4 — e e TERMS OF THE TRIBUNE, RATRS OF SUBACRIPTION l‘:'AY:Bw m'u;lg); ‘ aniy, 82, Palweskmalt S @051 ekl R 5ot nearat the samo rate. Sovant dolay and misiakes, 1 suro and kive Port Ot o adiress {a full, {ncluding State and County. Remittnnces may bo mado slthor Lydeatt, ezpress, Post Offico ouder, o m regiatored leitors, at ourriak, TERAS 7O CITY SUNACRIDKLS, Tath, dolicered, Bmusy excovlog 2 conte par weck, g SUnGE RGN 1 CONPANY, Goruor Madieon avd Deartiorn-ara., Unioago, 1 TODAY'S AMUSEMENTS. \ AOADTMY OF MUSIC—Halated stroot,bstmeen Bad. s1on and Monroo. Kngsgomont of Oliver Doud Hywn. **Ben MoCullough." M'VICKKR'S THEATRE-Madison street, batweon Denrborn and State. Engngoment of Rdwin Adsms. *The Doad Heart." ——— "SOCIETY MEETINGS. 1741--0HI0AGO COM. llfifi)‘f{f&?fi?&.?‘{n&x G aiom ara liorely ro/ L oaLadt 6 ApioRF attho Aslurn {5 (il waitors un Thors: i moratug 4t 130 a'elook, alinep, 10F tho 1urposo of at- {onding thoyenis of Griontal, B2t S Cunly fastid. 117 o 1 o St RUEHRGTG, I BINCLALR. DR, McOHESNIY, CORNER OF CLARK AND alph-3 ts tho finost and best Iull seb Lol ! Baflaiaotluo given or maney rofundod, Uhe Chicagy Tiibune, Thursday Morntng, August 37, 1874 For Prosidont, old Bill Allen, of Ohfo; for Vico-President, old Fathor Kuykendall, of - nois. Kuykoudall really deservos the first placo, for ho is tho elder mau. He voted for Jofferson, and was born before Wasbington died. But tho Domocrats of Ohio have projudices which must be concilintod. e r——— Mr. Frank Carpenter has written a lottor in which he chareterizes as uttorly false tho chargos sgainat him made in Alr. Beocher's statement, Tho principal chargs of Mr. Beechior sgainst Mr. Carpontor was that he was a good- naturod fool and o busybody. It would be more bocoming and moro entisfactory to the publio if Ar, Carponter would wait for the testimony of other witnessos as to this point beforo offering his own. ‘'he silenco of tho Itepublican Conventions in ronpoct to Gon. Graut is quite opprossivo. Do they not romember that be saved the Union? That would bo a delightful reminiacenco for al- most apy occasion; nnd it wowld do littlo barm. * It could easily Lo set one mide when tho third-term proposition has taken definito shapo. Asit is, theSccond Washington may fairly comptain that his politieal fricnds aro treating him rather shabby. * Ho will be Omear or nobody,” says the Now York Zerald, and it looks very much as if Lo will not be Cesar. e emmemeeares Ann Elize Young has filed an application for divorce, and tho Proplet havdsomely offera to allow her $2,200 a year for tho cxpenses of ber- solf nud cbildron. She thinks $1,000 o month would be about the correct thing. Dot of the parties to the sule are ridicnlously incopsistent. Avn Eliza admits that sho married Brigham knowiog his provious rolations, yet claims alimony and divorce ; Brigham answers that be wes pot legally mar- riod to Ann Eliza, yet offers her $1,200 a year a8 & compromiso. Altogether the cnso is a much prottior one for tho Moad of tho Mormon Cuurch thun for the ninotecuth root of his do- mestic infelicitien. O ] A vory disgraceful affair is the excursion on tho Pacific Mail steamslip, in_ which Prosidont Gravt, seversl members of bis Cabinet, tho Custom-Houso Ring of New York, and many Congressmen aro participatwig, ‘Che Postmas- ter-General o in the company, Many of the pereons who have thus placed themaelves under obligatious to the Stenmship Company will bo talled upon next winter to doecide whother its application for & subsidy shall bo granted ; also whother its contracts have been Mithfully ful- Glled. Regard for public intereats on the part of Vhese oficinls would have prevented such an »xhibition as that which wo have roported ; ihe oecurrenco of which should be enough to silonce fdle talk in bobalf of the present Administra- tion, to the effect that its action is controlled by * common-gense " prinoiples, A real instance of mob-violence in the South 1s roported this morning. It took place in Gib~ gon County, Tenn. Bix negroes were tho suffor- ors, They were under arrest, charged with making threats, and o mob of white mon took thowm from jail and murdered them in cold blood. Absgolutely no political significance sttaches to thig occurronco. There is no lack of laws to meet the omorgonoy. No concelvable interfor- enco of Congross would lhave provented i, and by none could it bo punished without a confessed departure from the principles ot the Constitu- tion nnd the genius of our institutlons. To spenk of this or similar outrages by white ruf- flang in the South us argumeuts for the roturn of Republican Congresamen i the silliest kind of nonsense ; and equivalont to eaying that the Divil-Rights bill is & measure for the suppros- adon of blooduhed, Last weok tho Republicans of Pennsylvanis mamod Gov. Iurttanft as thoir choico for tho Presidency, and vesterday the Democrals of Ohio, in Convention assembled, did the samo fionor to the vencrable Dill Allen. Poor old Mr. Allen I8 au inoffensive gontleman, past all dis- houor aud shamo by roason of his infirmities, but boyond thishe has ndt any transcendont claims to political proforment, Ilis aspirations should alt ba towards that badtter world where tho weary cesso from troubling, and tho poor - Isboring man and untaxed boudholders alike got their dogurte. In this connection it Ia lnterest- g to motico that to "be & Qovernor is Rot 40 empty an honor 08 it onco was., It haa secured to Dix, Hartranft, and Allen thesupport pf their parties at bome. This being o kind of. political fashion, why is it that no Republican in Iilinots has mentioned the namo of his own Gov- ernor aa & worthy rivel to tho three caudidates in tho fluld? Tho noglect is cruel, The Chicago produce markets were stendy yoaterdny, and gonorally stronger, Mess pork I was in good demand, and 10@12}ge per brl bigher, closiug at $22.023@22,76 cash, and $17,00@17.12¢ veller the your, Lovd wag mod- oratoly aotive and 133¢@200 por 100 s highor, closing at $14,75 cosb, avd $11.10@11,12¢ soller tho year. Menta wore {u falr domend aud fim, cloaing at 8}(@83¢e for shoulders, 13}%@12%0 for short riby, 1233¢@12}¢o for short olear, and 13} @180 for aweet-pleklod hams, Highwines were qulet and ateady, at 97c por gallon, Lako freighta woro dull and unchanged, at 8 for corn to Baffalo, Flour was quiet aud nomiusl, Wheat waa sctive and 13¢@% highor, closing ab 853g0 caab,atid 040 seller Hoplombors Oorn was lews “aalive, snd 1a highor, olosing at 670 cssh, snd 80{0 for Septombor. Oats woro sative, and1@20 hiighior, oloaing at 43%@40c cash, and 89 for Soptambor, Rye was quiot and flrmer, at 750, Barloy wes active and irregular, closing st 9lo cash, and B0o sollor Boptembor. Ilogs wero notlve, and good to oxtra eold higher; salos &b £6.256@8.40, Cattlo aud shoop were quict and unchangod. : Tho Financo Committeo of the Common Coun- cil aggoed yestorday to rocommond s spocinl &p- proprintion of $200,000, for the purpose of im- proving tho wator-supply. 'This declslon was rosched affer & long consultation with tho Mayor, Oity Engincor, Board of Polioe, and Bonrd of Publio Works. Mr. Clios- brough, tho City Engincer, surprisod’ many of thoso present by waying that' tho supply of water in nesrly onc-balf the city is insuflictont for tho noeds of the Fire Dopart- mont. It appeared furthor that tho facts bave been ropeatedly roported to the Common Counetl during tho past ten yoars by the Boards of Polico and Publio Works, Wo hope that the Committeo will go'with thoir wholo hoarts into this movo- mont for an extonsion of the water-system ; and that tho Councll will transfor tho responsibility for future firen to othor bodies whoso pravious good reputation may sustain 8o hoavy a burdon, — Tho strongth of popular opinfon tu Canndn as compared with the same in the Uniled Btates is very clearly manifested by the ovorthrow of the Drovincisl Govornment of Quobec, which hos boen uuder the leadorsbip of M. Ouimot, Tho causo which has led to its overthrow is only & land transaction by M, Archembault, one of the Minlators, to which ML Ouimoet gave his assent, and in which, by tho exchauge of private prop- erty for Governmout property, the former made somoe mouey. In this coumtry, such & traugaction would bnrdly huove oxclted com- ment, but in the DProvince of Quebee it aroused such o storm of indignation that the whole Miufstry was compelled to resign, although but one of its number had beon direetly conuected with the affair, In thiscoun- try, the Fort Snellingswindlo was consummated, and popular indignation has boon freoly ex~ pressed, but who has resigned? In Cansds, a whole party abdicates onaccount of a transaotion which can bearno comparison in turpitude to the Fort Buolling Iraud, and yot every participant in that job clings resolutoly o his posts Mr. Dorickuon yestorday offered s resolution in tho State Board of Lqualization that 40 per cont of the cash valustion be adopted as tho averago rato of aesossmont of property returned for 1874, and that the Committeco on Corpora- tions auvd the Committes on Railroads be gov- erned by that precoutage in making up their ro- port on tho asyessment of capital stock and rail- road property, In supporting this resolution, - alr. Derickson made some remarks, print- ed in full elsewhoro, which prove that lhe is {boroughly familar with the subject of Btate taxation, and thai some very remark- ablo goitymanderivg hau boou done In the way of nssossing proporty in Ilineis during tho prescut year. The proportion of the asscas- mont to the actunl cash value varica all the way from 25 to 60 per cent in the different countios, and Mr. Dorickson mekes tho assertion that tho actual cash value of the horses and cattlo slone exceeds the nssessed value of all the property in the State. Mr. Derickson’s romarks are worthy the attention of tax-payers gonerally, Yestordsy was a good day for State Conven- tions, There wera six of thom. Ths Democrats and Liborals of Illinois mot at Springfleld ; the Democrats of Obio at Columbus ;* the Democrats of Ponusylvavin at Pittsburg ; the Demoerats of Missouri at Jefforson City ; tho Republicans of Aichigan at Lausing ; the Ropublicans of Kausas at Topoka. The proceediugs of the Springfield Convention aro elgewhere given. The Democrats of Ohio werodistrossingly stupid, They demanded frosh issues of paper currency from time to timo, aa the intorests of tho country mny scom to domand; that one-balt of tho custom- ducs sball Do made paysblo in paper, that the Nulional Bauk currency shall be re- tired ; and that the 5-20 bonds shall be redeomed ingreenbacks .These resolutions are worthy of a party pledged to robbery snd lying, Resolu- tions favoring revenue-reform, and condemning tho press-gag law and its authors, onght not to bo placed in suck a platform. The Rapublicans in Michigan did nothing worth -remembering, oxcopt it bo that a somowhat bombastic deftauce of public opinion in respect to the past record of tho Republican party may bo worthy of tompo- rary contemnpt sud ridicule. Roports from the Conventions at Pittsburg, Jofferson City, and ‘Popeks, are given in tho columns of political news 3 they wore received too lata for comment. The settlemont of the famous Osage Ceded Land cases by the United States Cirenit Coumrt sitting in Leavenworth was sunounced Sunday morning. We publish in another column of this issuo tho judicial decroes aud the bistory of the preliminary litigation, The victorv for tho sot- tlera i probubly decisivo; it is at least vory con- gidorable, By many decisions of the Interior Department at Washington, tho title of theso lands hod been flxed in the rail- road companies; aud it was only through the intorvention of tho Dopartmont of Justico that an appesl was pecured, Thore are somo oir- curstsvces iu connoction with this great trial which deserve earuest consideration. Onopoint in that a docision for the sottlers ig mnid to bave boen a main reason for the dismissal of,Boc- retary Cox; anothor i 'that ' Becrefary Harlan was the first and Sccretary Dolano tho last to uphotd tho titlo of tho railronds ; and still anothor is that, though the claim of the settlers had obvious strength, not ono of tho porsons muking it had the means to prosecuta it before the courta against tho powerful corpora- tlona intorestod, Thus by the slmplo edictof such mon as Iarlau and Dolano, who bave no speclal olaims to {ho confidonco of Liouoat poo- plo, & number of poor farmers in Kaneas were threntencd with the loss of their property merely beeause thoy had not the money with which to buy justice, ————— Viowed from thiy distouco, tho old English oustom of selliug Ohurch livings to the highest bidder sppoars unqualifiedly dobasing sud dis- gusting. It i satisfactory to Luow thatit is gradually dying out, and that the wealthioat bon- ofico, and, incldentally, the spiritusl guidauce of men aud women, will not be knocked down to the Eighest bidder in tho near future. Ona liv- Iug was advertised for sale recently whoso annu- ol valus was L4523, aud aunothor worth £600 a yoor aud o houso, Thouo tompting offers staod for a long timo in the London papors, but no- body appoared to desiro to purchiase. The suc- tloneer offered to lot the Isttor and mora valoas o lyiug go for £1,000, litle more than @ year THE CHICAGO DAILY TRIBUNE: THURSDAY, AUGUST 27, 1874, .and a half’s purchase, but nobody respondoed. Both ploces of property woro withdraws. THE DEMOORATIC S8TATE CONVERTION, ‘The Domocratic-Liboral-Opposition Ktate Cone vention mot at Bpringfield yosterday, Somo- thing over 600 dologates wora prosens, including many roprosontativea of tho Gorman voto, which has herotofore boon conuted with the Ropublican party, The Convention clocted ox- Gov, Palmer g prosidiog ofticer, and almost im- modiataly plunged into & hot and protracted con- troversy on tho curronoy question, which so far colipsod in fmportance tho question of onndi- datea that the subsoquont nomination of Mosara. Carroll and Ettor for tho oftices of State Troas- urer and Superintendent of Publio Instruction oxcited very littlo intorost. Thio debato in the Convention was an able ono, in which everything 1nvolved in the question of tho ourroncy was disoussed, Tiwo reports wero prosonted by tho Platform Committeo. Tho ouly polut of differonce botweon tho majority and minority was on tho first proposition, the minor- ity proposing to resume spocie payments when the samo may be dono without injury to the' businesa of tho country, inatoad of tho *‘spoedy resumption™ proposed by the majority, Ar. Harriugton, of Kane, lod off in support of the majority roport, pointing out the foot that tho omission of that part of the rosolution of tho mafority ino favor of paymont of the national indobteducss in tho money of thoe civilized world would be so-. coptod a8 & purposod ropudiation, Mr. Hunter’ followed, denounaing tho majority report as pro- posing to eutablish ono curronoy for the peoplo and another for tho bond-holdors, Thus started, {he debate took a wide ravge, of whioh we give & prot ty full report. Tho ablest spoeches for. tho winority report weore thoso by William J, Allen and J. M. Crobs, both ex-mombers of Oon- gress, svd for the mojority Ly Ool Dan Morrison and Willam R. Morrison. Thore wore many other spooches dellverear and tho debate was protracted until after 6 o'clock. During the debate Mr. Miller, of Cook, offered an amendment to the minority report proposing to add theroto n declaration against inflation, snd in favor of tho payment of the pationnl dobt in the money of tho civilized world, Both sides boing at this timo confident of succesa this amondmont was voted on and 1did on tho table, At 6:30 Gov. Palmer made an earnoat appoal to the Convention to place itself on the hard-money platform of honesty—which had a decided effect upon the Convention. At this ilmo the fato of the platform- was, considered so uncortain that Judge Green, of Alexander, renowed Mr, Miller's amendment, vated down in the afternoon, sud the voto was agoiu called. Thero being somo discontent In tho Cook County dolegation, that county was passed until tho close of tho roll-call. Withont tho voto of Cook County, the amondment was lost. 'Tho amendmont was then sdopted, Cook Connty giving 101 votea for it. A largo numboer of counties instantly changed their votes, and tho platform was sctually adopiod by a three- Tourths majority. . The adoption of tho platform by such an en- thusinstio voto was such & rolief to the wholo body of delogates that in the exuberanco of the gonoral joy & nomination by Gallstin County of Oliaxlos Carroll for Treasuror was secondod by Ooek County, and carried by acclamation. Alr, 8. N. Etter, of McLoan County, the candiduto of tho Indepondents, was then nominated for the oftice of Buperintendent: of Public Instruotion, on the assurance of some of the delegatos that his views coincided with those of the platform. THE COMMITTEE'S REPORT. Juat at Lbis time, the Brooklyn Investigating Committes must be in something of a picklo. They have an ouerous task on their hands; and, notwithstanding thoy have called to tbeir aid a roodly number of lawyers, Sheaiman among thom,—Dy loug practice in the art of making the worgo appesr tho better reason,—they will find it o task nlmost impossiblo of accomplishment, Thoy were appointed, of course, to find Boochor not guilty, This is the easier portion of thoir work, The diffiouity is to state ou what grounds they acquit bim. If thoy woro wise, thoy would mako their roport very brief, They would eay, for instance, nothing more than this: * Grave charges having been made against the Rev. Henry ‘Ward Boocher, pastor of Plymouth Church, we were appointed a committeo to examine them, After o thorough investigation, we find that Alr, Boecher's charactor as a Christian minister is be~ yond suspiclon, and that the accusations made againet him Dby Mr, Yhoodore Tilton and othors areutterly groundless, the bago fabrications or'de- signing mon. Liko gold tried in tho furnace, the oharaater of our boloved pastor comes out now with a brightor lastro than over before.” Such a roport no ono could pick to pleces, for tho sim- ple reason that thore {a nothing in it to piok. It means only : Wo find My. Boochior not guilty. It the Committoa are wiso, therefore, thoy will ba brief. If they would not lay their report open to hoatile critioium, they will imitato tho policy of Qen, Grant, and omploy as fow words as pou- sibla, But the Brooklyn Committee are not over wise, aud thoy will in all probability be loqua~ clous, Mow to write Beecher down innacont and not write themselves down accessorios to hig crimo—euch is tho dilomma in which thia Court finds itself, Their difiicultics In this mat; ter muat excito the sympathics of all true men, for all true mon would like to say that Beochor is innocent if they could. The Brooklyn Iuvesti- gating Committee cortainly Las our sympathy ; and to belp it out of its dificulties we aro will- ing to aid its membors to draw up & roport ex-. culpating Beechor which will be as littls open to objoction as possible, Let them write s report 88 nearly like this as thoy can : After wecks of patient and fmpartial investigation of tho chargea mude by Theodore Tilton against the “Rev. Honry Ward Beechor, we, the Committeo, have come to coitain eoncluslons, which we bLerewith ro- spectfully submit to the ehurch snd the public, On thio 21t of July Theodoro Tilton sppearsd beforo us and formally accuaod Honry Ward Boecher of thoso- -ductlon of bis wife, In proof of Lis accusation he sd- duced cortain letters of Elizabeth Tilton, his wife, and of Henry Ward Beechier, Of Mrs, Tilton’s lettery aho eayd that sho hind given Heury Ward Bescher a letter to dofend Ll sgainat any ceousation in a couaoll of minlstors mude by sny one but hor huabsud ; and that ho_ und hor husbaud wero bLound to svold publicity, Thls Jetter 18 written oud migned by Mre, Tilon, My, Tilton seyu that it {s ovie dence of criminal rolations between his wifa and Mr, 10, W, Boecher, As far as this letter is concorned, we find that it was not Mrs, Tilton's at al!, although writ ten and elgned by her, It was dictated to lor ana erung from her by her husband, who slways exor- cisod o moat tyrannical power over her, It was, In fact, hls lotter, not hors; and written with the solo ju- toutfon of belng used threo years sud a hslf later ogainst Ar, Boocher, to whom we find Mr, Tilton wos thon a nost jmplicsbie enomy, This dooument wo tharofore ireat us a nullity, Tor Iike ressons wo look upon the letter of Mra. Tiitou, ju which sho oxplains ow she cawo to give to H, W. Doscher a dooument denying that hoe hisd over 1ndo to her auy fmproper sdvances, an if it did not exist, Bofarthore i, therefors, 10 evidenco wlate syer {n the onse, Mr, Filton next introduces a letter given ia trust by | Mr. Boacher to ¥, D, Monlion, The letter ia tn Moul- ton's handwriting, Tho Isat lino only and tho pigua- “ture ato in Mr, Docchior's, In it Mr, Beoclior says thint e aske Thoodoro Tilton's forgiveuces, and humbles himaolt boforo hiim an he does befors God, and that ho wishos ho wore doad, ‘This lotter we find 1o bon thitd nullity, Mr, Beechior Al not write it, o dictated & ltter to Mr. Moulton, and Mr, Moulton took down somothing us tho pastor spoke; but whettier or ot ho took down what tha psstor spoke doos not appear. Wa Liave, howover, overy reason to suppos that be did niot, for we hinvo learned that the bualuess houso of which ho 18 tho junfor member had, on one occa- slon, komo diMeulty with the Government, sud Mr. Beocher hos besidea sassured us tust Motlton {s s blackmallor, Our boloved psator, trustiog bim boyond his desorts, did not road what Moulton had written, but, belug of & very chitd-like and trusting dfsposition, put s namo to it undor tho Jmpresslon that hia words had beon socu- rately rocorded. This latter documont must, like the othera reforred o, be troatod as of nn Imporiance, Now comen u Jottor from Mrs, Tilton's husband, Anythiug from this unfortunate mon wo have found 1o Lo totally uureliable, aud thecoforo dismisa this and all oleo Lie a8 safd or written as not at all pertincnt t0 tho caso, It hos been proven that Mr, Tilfon was o vory unkind husband ; that ho kept company with loodo women. *Bossle” says ho atlowed Susan I Anthony tosit onlis lap, Henco our opinion of his tastimony, nnd our troatment of all tha lottera ho Las written a8 80 mavy nullitics, Mo brings forward, besides the doouments alroady montloned, certain letors of s wifo ahd of Mr. BDeecher. In Mrs, Tilton's letters oro cortaln exprossions on which hor hisband 'lays @roat alresn, Sho apeaks of a aln which shie committed in the past, and the enormity of which sho has just awakened to, Bl anys, too, that Bho s ready to ronew hor marrlage vawa ; and that sho was mislod by & good man, From all theso oxprossiona of hers, ber hus- baud would conclude hor guilty, We find, however, {bat 80 refined, elheroal, and uncarthly ia this woman's nature that sho would be very apt to call that a* sin which was 10 aln at all, but only some vory siigt im- perfootion ar error of judgment, such a8 a momentary 1osa of conuublal affoction or the like. Iu hor saying bt sio Tonsws hor marriago Yows, wo can diacovor no fmplication thint nlio had broken thom, Every trua wita shauld dally ronow her marriago vows, Thoro fs noth- ing to show who thie person was that misled her; if sho was misled, ‘Tho pext evidence Lhat clalms our stfention are the lottors of Mr, Beechor himaclf, fn which he says that ho Is feeling tho tormonts of tho dsmmed,’sittiug on therugged odge of despuir, ete. The explanstion of those unusual oxproasiona of Mr, Bocoher wo fipd 10 ba thie : Mr. Beoclier, discovering that Mr, Tilton wea o froo-lover, and knowing that Dira, Tilton could Dot be happy with one who held such strosions dos trines, counsoled lier to soparato from him. . Aftor- wards, feoling that ho hed glven advico calulatod to Droak up n huppy Lomo, bewas seized with the most intense remorec, wishod ho was deud, sat on tho sharp aud ragged edge of despalr, sud felt the tarmonts of the dawuod, This advica; wo find, - caused & world of troubl to Mr, Boeoher, and he I8 3 person on whom troubla works inwardly, reverberating tremendously on the chambers of Lis soul, We fnd, too, that our dear pastor and friond {nlierits from his father and grandfathor a positive tendency to cxaggoration, Tils tepdonoy being the offect of inherited dis- posttion coused hfm to writa tho straugo exprossions abova quoted. Huch belug tho cass, thoy must .be lookod upon 86 moro oxtravagances of rhotorse, | After tho evidence ulready communted on, thore ro- malus nono savo certain letturs produced by ¥, D, Moulton, For reasoma slready tated, anything from tlufs lattor source we constder entiroly mieliable, und thereforo disregard, Indeed, we aro happy to say thnt, when scrutinizod closely, all the so-called ‘proof, veslal or written, produced to substntisto tho charges of au unprincipled man against tho Rov, 1onry Ward Beocker, vaulsh 3nto thiu sir. Wo thoro- foro Teport that we find bim not gullty; and were 1t nor that litfgntion {5 contrary to tho spirit of Chris- tianity of which our fllustrious pastor Las boon so stanch an advocate, wo would adviso bim to bring an action agaiust the bwo principal sctora ln this dia< bolical conspiracy for Hbal, Respeetfully submitted, Tux COMMITIRE, 18 IT REPUDIATION P Tlinols, in 1837, rushed wildly into s scheme of ‘“intornal improvemonts.” Things went livoly for a yenror two. 'Then camo tho crash, and it was found that tho Stato had acquired a dobt of $17,000,000, with almost nothing to show forit. 'Lhoora of excitemont was followed by an era of utter exbaustion, There was nomoney in tho Btate to pay current revenuo taxos, much losu iuterest on the debt, In 1848, however, the paople of Illinois (who had never repudiated the dobt, and had now begun to recovor broath) voted that the debt should be paid in fall, and fagtonod upon thomsolves (by popular voto) a copatitutional tox to pay it, intorest and principal. That dobt bas boon paid. Tho peoplo rightly consdered, then snd since, that they were thomselvea -to plamo " for their folly; that thoy had been solf-govern- ing, but not self-restrained. But suppose Illi- nois had been, in 1837, a subjugated Btate inthe hands of *roconstruotion,” overrun with sol- diers of fortuns and soldlers with bayonets; that, a8 & conveniont and ostensibly lawful mesns of plunderiug tho Stato, this same inter~ nnl improvement scheme had beon devised with sole intent to steal the. procoeds ; that the dobt had been imposed upon & constantly-protesting but lelploss peoplo; that any who might be- come purchesors of the dobt had boen notoriously warned of all the infamy of the wholo proceed- ing,—would tho peoplo of Tiltinois, upon recover- ing their solf-posscssion and solf-coutrol, have paid ono dollar of that debt? . Minnesota was admitted into the Union undor Democratic auspices, in 1859, ahd Buchanan's Foderal oflice-holders, by frauda on the ballot- box,opon and defiant,installed a DomocratioState Govornment. During thatllegal administration, tho State's gift of lands was voted away to cor- porations of political favorites, nominally to build railroads withal, and to these favorites tho Stato was mado to issua bonds—some $200,000 —in advance of o spadeful of carth boing shov- ‘oled. Tho poople of Minuesota proteated sll tho while, and In yain. Tt was s “transparent schome of fraud. The bonda were *placed” in tho Lands of innocent holders atv 10 cents on the dollar, Not a - mile of railroad - way laid; [thore was no honest purposo to buill apy rond; tho swindling follows pocketed or spent the 10 per cont procoeds of the steal, and straightway disbanded thelr or~ gonizations, Thon tho people of Minnesots, just ua soon aa thoy could get at it by the ballot~ box, repudiated tho illegal Democratio Btate Qovernment and sll its bonds. As a specimen of Btate debt jugglery in tho South: Tha people of Alabama, by a close voto in 1872, elected & Ropublican Govertior and a Domocratio Logislsture. The Demooratio Legis- Iature installed tho Republican Governor, who straightway rocogoized a Ropublican Legisla- turo sitting outeido tho State-Houss. Tor a month there were two Legislatures of Alabama. The Republican body voted an issu of $2,000,000 1y Ciews, in Now York, Then came negotiations withs the Attornoy-Goneral st Washington, and & compromise, Wheraby the two Logislatures should bo rolled into one, each party having an oqusl number of membors,—a Democratio ma~ Jority iu the Senate being offeet by & Republican majority in thoHouse. But it was eapecislly pro- vidod and rosorved, in the compromise dictated at Washington, thet the consolidated Legiula~ ture should not reconsider the subject of the $200,000,000 bonds, Whynot? Thehondswore & political and not & publio nocessity, - It Liss boeu stated that no dollar derived from theso bonds over appeared in thoe Btate Treasury of Alabama, olthor ag cash or credit! WIill the poople of A.Ilumun, leroafter rocovering their solf-gov- ernmont, pay thowo bouda? - Not » dollar, Thoe Btate of Arkansas {s uow consldoring what to do with the ewindllog boade, some 911,000,000, Lsaded under e bisyousd sule of *bonds, which were hurrledly “plscod” with Hon-' Powall Olayton, snd distributed smong the favorites, of his gang. This sorious quostion comea lioforo the Coutitutional Gonvontion of Arkansss,—a body of men who roprosont with dignlty all that i bopoful or of permanont valuo in tho Btate. At anco thero In raisod & cry that Arkansas is about to ropudiato its dobta. Also, thot tho Arkanens. bonds havo gono into the leuds of innocont holdord, whose possossion of thom ought not to bo questioned. Dring on your *innocent holdora.” Lot us soo, forsooth, who aro tho * innocont holdors” of a dobt that was & known fraud in ita origin—that never had a recoguition in the opon monoy markots of the world, Is Honry Clows oneot theso “ innocont Lioldera™? Ts Bon Butlor ono? Would honorabloBanators and Reprosont- ntives oppoar on tho list of thoso who aro walt- ing for Arkaussa bonds to be worth sometbing ? 1Ir, aftor tho War, it had beon proposed that thero be lovied on tho peopls of the Bouith n spectal war indomuity of $200,000,000, the sems - to go into the United States Treaeury, thoro would havo beon a universalout- cry, North as well as Bouth, against it,, But, com- pared with the fate to which Ropublican loaders consigned tho South, a $200,000,000 indomaity tax, lovied by tho Unitod States, would have boen more honest and profarable. For nearly ton yours the South, devastated by » war fought on Its own soll, haa beon st tho mercy of indi- vidual plunderers who, in tho namo of the Ro- publican party and undor protocting bsyonots, liave atolon tho cash rovenues of the poople and bonded their future under & load of 225,000,000 of dobt. Can a rofuesl to pay bonds that woro nover logally issucd be justly called repudia- tion? . i THE LAW OF PUBLI0O OPINIORN. The indigndtion mooting Lold by the citizons of Joraey City on the 23d inst., relative to the soduction of tho' late Mary E, Pomeroy by tho Rov. John 8. Glendenning, is & promising indi- cation that at Jast publio opinion has boou rousod to take ‘coguizanco of this provalent social erimo, This case was a pecutiarly aggra- vatod ono. The soducor Was & minister of thoe Gospel, who stood high in his denomination. Mg victim was.a poor and comparatively illiterato girl, young and unused to tho ways of tho world, ond conflding where sn educated woman or & woman accustomed to socloty would have beon suspicious and on her guard. Bho was crodulous enough 1o listen to bLis talk and bellove it. Bolng a minister, she placed implicit confidonce in his promises to marry bor, sud by the aid of this prom- iso lhe eeduced bor, snd his 'poor vie- tim died in giving Dbirth to a echlld. Having been proven a liar and seducer by in: controvortiblo avidenoo, bo now shows himsolf & moral ¢oward by turning round and trying to sereen himself by asporsivg her character, hoping that the sncred calling which he has disgraced go long will seours credonce for his story. His original crime was bad enough, but the course he has adopted, now that his victim is dead and unablo to refuto his slanders, {s, if any- thing, still worse, The people of Jersey Clty ovidoutly regarded it in this light, and, s thero was little prospect that the law would punish his crime, they determinoed to mest and pnss son- tence upon him and rid the oity of his presonce. The meeting was not com- posed of pooplo who wera projudiced or * vindietivo, or who had made up their minds upon the merits of the case from rumors and gossip, but of grave and thoughtful people, wealthy and influcutial citizens, who chivalrously espouscd the cauge of tho friendless and dead girl, and, rising in their indignation, domanded that this wretch should leave their community, and with a unanimity aud serious determination which will leave him no ultorns~ tivein the premivos. The decieion was arrived at after long and maturo dsllbqrnunn. The Rev. John 8. Glondonning was pronounced & curse to the city and uufit tolivein it. This sontanca shoitld follow him wherever Lo may go. No community should barbor Lim. No peopls should shelter him, Like the Wandering Jew, he should be compelled to keep forover mov- ing on. There is another caso in many waya parallel to tbis, The man Moritz, in Indianspolis, soduced Miss Harding. - Unlike Mary Pomeroy, Miss Harding was a young woman of intellectual pur- suits: and attainments, She was far-sighted enough to goe the life of ehame sho must hence- forth load, and the blight which had boon cast upon her and her family, and, rather than endure it, sho coolly and deliberately committed suicide. Her fathor in sudden indignation shot the se- ducer, but the wound was not s fatal one, and now the wretch, writhing in his pain, sooks to oucape the public indignation and shield himself trom any responsibility from death by utteriug the most loathsome and alandorous calumnics againgt her character, hoping o gain credence for thett becauso sho is in her grave sod uuable to -answer ‘them. Fortunately, however, thoreare those living who can answer them, and they bave noi beon slow in dolng so. Every charge which tho wrotch bas made has beon proven o falsehood by credible witnosses, The action of the people of Jorsey City Is, thore- fore, applicable in this cavo alta. When this man's wounds arc honled, there is no law that can reach him but the Iaw of public opinion, and it should be visited upon him promptly and thoroughly. Thepooplo of Indianapolis, liketho peoplo of Jersoy City, should rise up and brand him publicly as a seducer sud slapderor, and or- der him to quit their sight forover. A DIPLOMATIC ‘SECRET. Fow people know how deeply-indebted tho Unitod Btatos is to Ruesla for kindly services during tho War. It has often bosn vaguely whispered that Russian Influonce prevented the srmed interforenco of France, sud perhaps Pugleud, in behalf of the South, Wo aro onabled to say befora our resders trustworthy information, nover bofore published, in support of the truth ot this ramor. Whon Gov. Ourtin, on the eve of his return to this country, wont, in his capacity as Ministor to Russis, to take formsl leave of the Emperor, tho lattor olosed the conversation substantially in these words: I wish, sir, that you would, upon your return, express my hoarty thanks to the American poople for the reception thoy have given my son, the Grand-Duke Alexis.” This, it will be remembered, wes shortly aftor Gen, Grant had rofused to roturn Aloxis' eall, and the Intter bad left Washington in dlsgust. Gov. COurtin noticed the Emperor's failure to send thianks to the Government a4 well as the people. He supposed, however, that 1t waa a slip of the tongue until the Empress bade him farowoll In almost precisely the ssmo words. ¢ shall be happy,” ead he, *tocarry your Aejeaty’s thankato my Governmentand peoplo.” # 1 sont my thauks, slr,” tho Bmpress rotorted, #4 to the people—aud only to the poople.” Qov. Curtin afterwards complained of tho slight that bad tuus besn publicly pus upbn the Govarte mont he reprosonted, o was invited by Gort- ! sobinkoft to a conferenca on the subject, Throo booka wora brought in from the archives of tho Torolga OMco. Tho firet contained an suto- graph lottor from Napolaon 111.. asking Russia to join with England and France in breaking up the Fedoral blockade and guarsntoelng tho in~ dopendonco of tho Confodoracy. Tho lettor as- Aerted tiat England had alroady promised hor co- oporation, which was probably allo, Thosccond book contained tho Emporor's roply. 1o flatly declined tho alllance proposed by Napoleon, aud declared that, In the event of any European in- torferonco in the War, Russia would actively aid the North, Tho third book had within it coples of tho sealed ordors givon to the Ruesian Admi- l who, aa our readors will romember, brought Lis floot into Now York harbor during the War. ‘The orders diractod him to proceed at onco, with Dis whole avallablo foreo, to Now York City ; to romain at anchorago thoto for mome time ; and, in tho event of Buropoan interfvronce with the blockado, to put himsolt and his whole forco st the command of the Oabi- not at Washington, aud promigo sbundant ond speody roinforcomonts. While Gov. Ourtin stared, dumbfounded, attheso unexpoctod proofs of Russla's stoadfast jidelity to the Unlon cause, Qortachakoff #aid to him: * Porhaps you can approciato now, sir, why tho Emperor and Em- pross sont tholr thankn to tho peoplo Who have hionored tho Grand-Duke Aloxta and not to tho Government that tins inaultod him. We saved your countiy, and now your President ineults our representative. It is too much.™ OCurtin quite coluaded with him and tho interview cnded. S ‘We have ovory reason to trust tho gentleman from whom wo have roceived this story. It will probably bo found substantially corroot, nithough thero may, of course, be errors in dotail. —eree Itis roally very tantalizing to get up bogus dircetories, publish such an idiotlo nowspapor a8 the St, Louis Globe, build a bridgo ever so many miles long, and mako othor astonishing efforts to bacome known, and still rommn & mattor of indifferenco to everybody. Thisis toobad. We pity that mystorious duliness which {a the synonym {or, Bt. Louls,—absolutely pity it, for its groatest effort to atiract attoution has falled. That tho outside world should learn of tho oxistouce of Bl. Louis, it became nocessary to notify tho iubabitants thereof personally,, The Hon. Bonjomin Disrscli rocoived a~ letter _not long ago, informing him that thero was such = place as 8t. Louls, and asking him to como and 800 its now bridge. Mr. Disracli rosponded, ad- ‘ressing his lotter to * Goorge Baln, Bt, Louis, Canada,” and attachod his frank to tho leter. Thore can bs no guestion sbout it. Viewod from abrond, 8t. Louis is not decmed of sufti- ciont importanco to bo included in maps of tho United Statos. Thera are, thorefore, millions of renlly nice white people who never heard of it, and, until 5t. Louls shows some entorpriso, will think of it—if indood they evor think of it ut all—ag an out-of-the-way Cansadian villago, Wo give it this froo sdvertisoment with excel- lont intentions. ——— Thero is an opportuaity for some enterprising Chicagoun to be Xing of the Fiji Islands, Tho English Government, which expected to atep into possossion of this kingdom without eithor trouble or expeuse, has mot with an abstruction. It imagined that King Cacoban would voluntari- 1y leave his throne aud go into retiroment, but has found itselt dissppointed. Ho iy willing to go iF thoy can make it an objeot for him, and is not unrensonable in his demends. Ho only asks for bis crown $16,000 & year for his natural life and s place for . bhis heir aa oxecu- tive officer of cortsin islands at s gal- ary of 83,000 s yoar. Tho English Govorument is now hesitating over tho proposal, and while hesitating any of our citizons may rent the Fiji Crown, s nationn) debt of $435,000, an srmy of 600 fmen, soversl hundrod canni- bals, and no end of slaves, for $15,000 a year. during Cacoban's life-timo, This is tho choapost lot of royalty over offered at publio vongduo. The only serious drawback which stands in tho way is tho fact thab thore is rebellion going on against Cacoban, which tbe purchaser would have to assume, with & fair prospect thatho would b broiled and eaten if tho robols succoed. The Philadelphis Court of Quarter Secssions was thrown into a state of unususl oxcitoment » day or two since by tho sudden dissppearsnce of the prisoner at tho bar. Thid personsgo was nc- cused of atealing & dismond ripg, and during tho trinl requested ome of - the up- staves to hand him & drink of wator Whilo the officor’s back was turned the prisoner leaped from the dock, oleared the benches of tho court-room, reached a window, and dropped him- golf to tho ground, » distance of more than twonty foet. His raco for liborty was rowarded. No ofticial was 8o inteusely devotod to duty as to risk jump of tweuty foot, and the casior do- scent by meaus of tho stairwny was long. In olden times, the ofiicer through whoge caroless- pess the prisoner cscaped would have considered it hia dutyto redeom his honor by riskiug his peck. In modern timea there is 60 little honor among officials it seoms to bo searcoly worth re- deeming at any prico. Even Bt. Jos cannot got along without & su- petuaturalincident. In a short time it will be as necessary to secure & new-fashioned ghost-story for a town 18 g elnglo-track railway or a copious water sopply. Tho men who invents these stories is not & person ef much versatility, .for tho latér anccdotou of intelligent spooks have a strong family resemblance, St. Joseph's spook was an old man who prosonted himself to &lady and told hor that & lady and gentleman in El- mira, N. Y. whom she had known for many yoars, would die- next day. Tho visitor went, and the °mext day camo. With {t slse camo the news that the par- ties whose death had been foretold lLad actuslly boen killed that vory day accordiug to tho prediotion, 'They had been thrown from & carrlage, and died within halt an hour of onasn- other, Cannob some enterprising young Woat- ern city give us a novelty just for onco ? G e e This 1a an'itom not to b printed in {he Bun- dsy-school books: A crowd of bad boys went bathing in Bkunk River, Jows, on the Sabbath- asy, and whilo the Rav. Jabez Lynoo was reprov- ing thom avd valoly ondeavoring to induce thom to come out, & thunder-storm came up and the minister was killed by a flagh of lighning. Nons of the boys were drowned. . ———ie s Martin Parquhar Tuppe? will nob vieit Amer- fca this sesson, his physioian having forbidden the trip. .Iiis physlclan has (mposed upon the American people a debt of gratitudo, for one of Lis prescriptions, to say tho least. The doso should be renewed as ofton as the patlontis threatoned, Teebohm, the photographor, got ueasick, snd has had to give up his purpose to be proseut at tha traunsit of Venuw. It the waves made him reasick in view of the traneit of Venus, what would bave become of him and his camora if ho had been present when Venus rose from the waves ? e Anne Diokindan, who oalled Ell Perldus a Har, in about to eail for Burope, This scoures tho stayof Ell Perkius in this oountry, Itis now in ordor for Misa Kellogg to call him a ihief, for stosling au Intorview with her from Harper's Ba. zar aud-Garduer's ** Muslo of Nature.” Migs Anthony of couvee deples the aoft im- poaohmont that she ever sat in Tilton's lap, and naya Bosslo {s Lialf an {diot to toll auch a atory. The atory was hardly worth denying, sa no one bud & whiols Lillod would ever Lsve bolleved It, EQUALIZING TAXES. Session of the State Board at Spring- ficld Yesterday. Mr. Derickson Offers a Resolution that 40 Per Cent Be Adopted as the Average Valuation. In His Spcech Favoring It Ile Makes Some Interesting Revelations, Bpecial Divpaich to The Chicago Tribune, , SpmiNorieLy, [ll., Aug, 26.—The Btato Board of Equalization mot at 0 n. m, pursusut to ad- fournment. Mr. Derlckson, of Coolk, offered the fotlowing resolation Renolved, That in tho opilon of this Board 40 per cenitof its canh valuo I8 tlie average Tato of usseasimont of proporty as returned for 1874, and that the Com- mittoo on Corporations and the Committee on Refl. roads nre hovaby instructod to be goverued by that pot. cenlago fu making np thoir report on the Assowniont of capital stock and vallrosd property, Mr. Dorioknon pald: Mz, CHamnstAN ¢ 1 hiavo offercd this resolntion thuy eatly it tho sussion hoplug that it may load o such discusslon sud inveatigution nn will britg us to & more Just coticlunion than i my opinlon wo srrived st the Iast scsstou. Tho work beforo ue is » Work of great rosponsibilily, ‘and o should approsch It with SUK 1ablence and Ddelliy, Tho Buc preme Court of the Blato has declded that this Boord partakes both of tho legislative and Judicial funotlons, aud when its Judiclal mind shall bave, fres from (faud, passed upon tho matter befors it, it 't conclusive, avil the courts of Liw cunnot intere {craonly ta enforco e decree. I undertako to say, and do lere say, that, fu my opinjon, not ono connty, tho Btato baw beou ashessed according to the roquifo auenta of ths law, and I propose how bLrielly to give some of tho reasons for that aplulon und for the pros Jeisty of the aduplow of s sesolution. - Art, 3, Booc of tho Coustitution {mposos tho duly on the Goneral , Asiombly of \providing wich rovouuo s8 moy be noodfal by levylig & t4x by valuatio, #o $hat every pergon and corporation asll poy b tak in_proportion * 10 tho yaiuo of Lls, hir, OF 164 properly.” Tho General Assombly mado snch provisloun tho ndoption of tie_ Rovenue law under which wo work. I will givo some of. tho rules for valulig and asucssing proporty aa con= | tatued In that law. Sccond soction, firat clauses ' ALl porsomul property . o o shull o valusd ut its fair caals value,” " Folurth clauso: *'Tife capital wtock of all compunies sud sssocations now or hereafior creatod undor the Iaws of this Stato sball ba so valuod by thio Btato Bosrd of Equalizacion a8 fo sacertain sud dotornine, respectivoly, tho fair cash valuo of suck capitul stock, {ncluding the franclise, over and above { the uwsscaned” vatuo of tho tanglblo property of ‘euch company or association,” Soc, 4, first clause, provides 4ot voch tract or ot of roal property shull ba vlued at itu foir cash value, cstimated at tho prie it would bring #t a fale voluntary salo” Soc, i provides # thut State and Natlouut Bauks aro to bo asacssed on tho valuo of thair capital stocl ; with the restriction that taxstlon of such sharos shull not be at a groater vute thon in asseped upon tho maneyed eapilal in tho hnuds of fndividunis, oitizens of ibis Sato,* Whou tho Asiossor compietés his work by making bis retury to too County Uiurk, ho makes und subscilbes to the foltowing oathy 44—, Asacasor of —, do solomnly swoar that tho book Yo whiich this fs atiached coutalis s correct sud full Lst of all tho real properly, or personal property, subjoct to taxstion fu =—, 4o far a8 I hive Doen uble ta ascortaln tha same, sud'that the asscusod vaiuo oL down 1} tis propor colutu opyoulte tie several kindsand descriptions of property, 1a in each caga tlo fair easts valua of such proporty.” + Itunyshall infer from the oxnibit I shali makethat the Asnessora all ovor tho State huve proparad themsolves, or that the County Boards havo failed in the fatthful dinchiurgo of thelr duty, by not orduring now ussess. menta, or thit e tix-puyors of tho Stute are belug cducated to duception, fraud, and perjusy, uudor tho workings of our rovenuo rystern, X am nok respousible, 1t 4% for mo to dischargo my'duty with- out fear or favor, In oxamiuing into this subjact of aweuyinents I havo spent much thmo and monioy dur~ iug the past year. Not ouly my own tma, biit bave cmloyed thie time of others, We havo gonu iuto tha Qiutricts, tho countioa, ond tlie towns, - We buve cona sultad the Gouuly sid Town Bourds, lua Assosvors, and tho people. Wo linve gone to tho county rocords, sud oxamiued the transfers for tho yoar past, noting tho constderation, and thon comparing tho samo with tho nasecwment, ‘We Luve gono to tiie loau agencios aud ezamined cortificatea from nearly ovory county in the State—certificates mude by discreet men, Who ubder oath state that thoy are well-scquaintod with the property of which thoy cortify. Wo lave compured thelr valuations with -tie valuation of tlio Astosnor on tho kumio property. Wo have gomo to tho commorcial agoucles una obiaiood jnformation of prominut bunluons men in all parts of the Blte, and looked at their personul neacsamenta, Mr, Chaire mau, T now proposs fo make o statement of the reaults of thia oxamination whith I have beon enabled to make of the assozsments In the diforent countios, 1t might consume too much of the timo of tho Board to 6z~ bibit overy county, 80 wil take 8 tior of countes throngh the eoniro of tho Btate, from north to south snd from east to west, und will commonce with McHenry, —Alter tho beat examiustion I have beon euabled to mal into this subjoct, I conclude that Mellenry County azncancd at 40 per cont; Kuna County ut B3 pey coa Kendall County at 61 per conts County at 40 per cent: Livingston County at 50 per cout; MeLean Gounty ut 60 per centy ‘Dewitt Connty nt45 per cent; Macon County ot 64 por cent s Shely County at 47 per cent; Ellghum Coun~ ty ut 97 por cent ; Olay Couuty ut 42 per ceat ; Jotfer~ sion Couuty at 8U'per cent; Franklin Connt; cout; Pulaskl County ut 27 per cent; Aloxander Counity ut 0 per.cent; C.ark County at 38 per cent; Cumborland Couty'st 80 por cont; Montgomery County st yor cent; Groon County at & jer cont; Macoupin Couty at 45 cent, The fuir 'cash valuo of tho horsey and_ cows atono 5 greater thay the entlro nasessed valuo of tho enumer= ated property, conisting of horses, cattlo, mules and aascs, ubioep, ‘hogté, blesw-ongiiies, Oro aud burglar proof afes, carriuges and wagons, watches und clocks, sowing sud kufttiug muchines, pateut rights, anuut ties, o1, d the Countios of Lake, AcHenry, Kuox, Duluge, and . Tho flr cash value of tho liorses wiono s greater thon iho amessed valuo of tho entiro enumorated proporty n the Cout tles of Carroll, Dureat, Heury, Grunidy, Kankukee, Green, Clark, Gumberlund, Jusper, Luwrénce, Bond, Torry, Yope, Puluski, Franklin, Hawilton, and Whito, Mscanpiu, with bLer two aud s balf million Courte Jfouse, and Lorses ouly §28.77 oplece, No wonder hor peopls complain, The avorugo Lorso of the Blato auly $48, and the avorugo carrluge $931 Who would o on foot when Horses and_carriuges are o cheap? 3ir. Chiwfrmun, when, on_gome _futiiro occasfon, you ‘are admiring that besutiful Lerd of cattlo of your own Burveying tho symmetrical proportions of thut $5,000 tull and $2,000 cows with ceumply Lorns, Just imagine tlio average man of tha Ktutoriding by in's $33 carringe drawn by & 393 epan of horsca, It would be a roslization of tho old wying, “But one stop fron) the sublime to tho ridiculoua.” Methinks & *uand-biller from North Carolins would scorn to rido inguch & turnout. Coplial stock of tho State and Natfous] Banks ia asecssed ot 38 por cent of its ‘nominal value, und the aversgo assossinent of mor- chants in the Stato, including lumber, forolgn xnd do- ‘mestlo goods, aud ‘drugs, 15 lesa than U0 per centol the {nvolce, and 50 per cent of tho fusured value, 'The sgaregato duscased aluo of tbo projerty dn tho Siate fu'round numbers, including tho probablo ratlrosd and capitul stock, 18 twelve hundred milllons, when 1 should be threo bilious, or throo thousand millious, Now, o fow wards in_vindicatiou of the proprioty of tho "sdoption of the resolution or rules.. It Will be & standard by whicn to try the gountlos, Tho Iaw fixes a fuir cush valustion, or 100 per cout of the foir cash valustion, 28 tho standard, but We Lavo seon that tho Assessors did not_obey tho require- monts of the Iaw, Ffom a tnorough examination of {his subjoct, I am convinced thut thoy wero governed by Do fixed Tule, but ruther adopted a sort of sliding scala by which olie ot Iight Lo saseassd 10 per cont and unother 100 per cent, 1 ath gorry to aay tht this 1 emphuticaily tho case fa Coak Gouity, I know many Whio pay 100 per cent, and T am convincad that the gone oral averaio docs nof'come up £ 60 per cent; conse- quently, muny ura ssseased correspoudingly bilow the Sverago; aud what I say of Gook County I know to bo truo afmany othier countios, Lot i udopt this y it rule sud try evory couuty tho closest scrutiny for o ty, trust that no membor will Sebrink from it for his own county, If wo coulil raise th og- grejatonssessment from $1,300,000,000 to £3,000,000,060, {would adopt 100 per cest 'ua thie rule by which to' try the countles, but th law inbibits us from dolng that, 1t s simply our duty 0 equallza fairly botween ths ono hundred and two countles in proportion to tho property cach may have, A rule fo do this will ba necoasary, Io another rogard, it is part of the duty of this Doard to assous tho capital stock of corporations und some of tlio tangible property of rilrosd come ) ponioa. I it botruo that the property oimed by fo- ividuals in tho State {8 not ussessod st 100 per cent on the average, then 4 1 must bo ut some tigure below 100, auld it, therefore, be fair and Just to as- uess caplial atock and rallroad property at 100 por cent aud the property of individusls at 40 or auy othor per cent below 1007 Tho plain lstter of our Cons stitution 18 that overy porson and corporution shall pay sccording to bie, licr, or s proparty, Now, let us examine this uubjeot a littlo sud sea how 1t looks, Tho augible propecty ield by indiriduald ia tho Siate fa assoused ut 40 per cent of 1L cash valug, and hence flio tangiblo property of tho association fo sssouiod at 40 . per cent, By the rulas adopled by this Loard, you would 2s4ess tho retaining 60 per cont on tho capital stock, oo 1t secins clear that by the administra- tion of tho Bovenuo Inw you make the corporations pay on 100 ‘per cent of the cash valuo of tho proporty they hold, while tho property e by Indi~ vidusls poys on 40 por cent of ila real or cash viluo, ‘Take for instance the Chamber of Commerce Assoclation in tho Qlty of Cbicago, The ‘market valus of the vapital atock of that Assoctution s $600,000, Tho market value of the atock ia $600,000, becausa tho Awoclation hss tangiblo property of the valuo of 000,000, Take from ‘tue Assoclution the tauglble property, which ia sll assous nd its stook would be valleless, and there would bio nothing to gusoss, The Kirby-Uarponier Lumber Company owns lands, ships, lumber, und bills “recoivable ju ex« ceca of tholr bills puyabla to the valuo of §00,000, Take from {hew thelr lauds, ships, lumbor, and recelvablo, and their capital stock would be valucloss, nud there would bo motblng to assess, The Bouth Hranch Lumbar Compauy ur‘sn!u and pay i1 950,000 In cash. 'The atock & worth 330,000, The) oy $30 for orgunization papers, and the Lalanoe thi oxaliauge for fumbar, - The stock 14 stll worth £80,000 el Tt ot 0 Qompatty u$ §2 ) becar aires (s lnmmw Hhia ko sisaines o fudivid