Chicago Daily Tribune Newspaper, December 24, 1874, Page 4

4 TERMS OF THE TRIBUNE, 1875, PATES OF BUDBCRIPTION (PAYADLE IN ADYANCE), i l’m(ll e l'rvn,nhlqnl this Oflice. Rt g o1 Pactsof a yoar at tho same rato, To provent deloy and mistakes, bo suro and givo Post. Bflos addreas in foll, inolnding Stato and County, Remittances may bamads oithor by dratt, exprons, Post- DMaes ordor, or In regiatered lettors, at our rlsk, ‘TENMS TO OITY SULSCNIDRNE, Dally, delivered, Sunday excepted, 25 conts por week Datly, delivered, Bunday inclnded, () cants nor wook Addrers TIHE TRINUNE COMPANY, Cornazr Madison and Dearhors Chieago, 1Nl i o ol TO-DAY'S AMUSEMENTS, AOCADEMY OF MUSIC—Halsted trant, batwoen Mad. ron _and Monros; Etagomont of tho' Almos O)ora’ Bouffo Troupo, ** llo do Madame Angot.” nM'z!UKlflxflu:l:l‘lEA‘l Madlson streat, batwoon goment of Kdwin Booth, LEY'S THEATRE-Randoloh stroot, betweon Ol un Lasna AT aelet GRAND OPERA-HOUSE-Clark atroot, opposito Suorman Touse, Kally & Leon's Minateels, Lo Polit Faust, 10 M troot, botween Dear- LR IOAG0 M e Rt pefesn D Two to, ' Livery] Puddifoots,” " Afternoon aud ovoning, SOCIETY MEETING:! PLETADES LODGE, A, ¥, and A, M., No, 48,~Spe- i, comuicatun il (ihsled) Wiyl 0e 3 o ont, " Do Lrdor s UG HOWELLY Soc: SOVEREIGN CONSISTORY, 8. P, v mbly will b d at tholr ) usonlng, uins BUSINESS NOTICES. CAUTION TO HOUS! incroased and canstantly nted in tho manutnoture of ox unds aro being thrawn upon tho mrket, Burporting 1o Be ire Saniia bt prerm principally from Tanqua boan. This nansoating substitute costetha manufactuyor Loas than ono-tiruntiotl part s intel s tho ganuina v Hlia boan, It can readily bo dutected by it4 feagrane It Is usod principnlly by tobaceonista for porfuniing snll and clgnrs, and was nusor (ntonded to Lo used #s HAvor- ing for the various cowpounds proparad for tho Luwan stomach. Houvakeepors who atudy their intorosts will demand of thoir grocor atrietly puro vaniila ouly, and rofuso o ae- cont ol an adultrstod conmivound, whieh may rendor tho doalor a bottor profit, Bumctt's oxtract of vanllin is prepared from nlected ranilla beans, and {s warranted ontiroly froo from Tonqua or atliar doloierions subatancos, All cooliing wxtrals, such ns Jomony vanills, roco, al. mond, eelary, ele., propared at the fabratary of duseph Humott & Co., Boaton, can bo rollod upon fur purity and strongth. For npward'of 53 yoars thoy linve hoon used by tho Ieading botols and tho Weat familles thronghot thy Enited Staton, and aro sold by all irat-clans groers sud rugg! INDEX TO ADVERTISEMENTS, THIRD PAGE-Olty, Suburban, and Gountry Real Estato, Wanty, To Hofits, Lost and Yound, 1oraos and Cartinger, Hoatding and Vo LI PAGE-Oecan Steanishis, ins ot eto. SIVENTH "PAGE—Amusemonts, Modioal Cards, ota., ote. " Che Chicags Teibune, Thuraday Morning, December 24, 1874, oto., elc.’ Kallroad Timo- Sowlng-Machines, Sonators Scuunz nud FestoN sy they voted for'the Senate Finance bill in order to strengthen tho Republican party. So these gentlemen are back in the ranks, —— The Finance Committees of both Houso sof Congress have nbout decided to recommend tho restoration of the formerimpost duties on ten and coffee, and {o advise no chango in the tax on whisky. Thisis exaetly the nction that we thinlk they onght to recommend. S, The trial of McDoxax, thé chief gambler aud rowdy of Chicago, who is charged with attempting to Iill a saloon-kecpor named McGarry, was begun yesterday. 'The evidenco for the prosecution was not nll in when the Court adjourned. The counsel for the Ppros- ecution very foolishly consented to the dis. persion of the jury over night. Some of the jurymen, perhaps, found business to do at the Store. A Washington newspaper yesterday nimed an “unhoppy lick,” ns Scnntor Fravacay \would say, atMr. WarrenawRrro and Mr. Jay Goutp, in the shepe of an editorial article arging tho Committee on Ways and Aenns to ‘exumine thoso gentlemen rolative to the ‘Pacific Mail swindle, It is said that the great moral organ which Mr. Gourp owns ‘and Mr. Rxp edits is being used to depress ‘tho value of Pacific Muil stock. Wo do mot ‘know that there is any trath in the rumor, ——— ‘The Finauce bill will eonte up in tho Houso ouJan. 7. Belween mow and then there aro 1wo weeks. Timo enough, and to spare, to inform Congressmon that the people wish ‘a more radical mensure than tho one .which passed the Sennte, Since specie-pay- _3nents aro determined on, snd the day fixed, Why not set our houses in order for tho change 7 'Why not mnke a bill leading grad- “unlly to specie-payment, instend of one which proposes to reach it by n jump ? ———— An excellent sub.committee has been ap- pointed by the Committce on Ways and Means to sitin Now York during the recess and continue the Pacific Mail investigation. Among other matters, the story recently published in Tur Trinuse touching the con- noction of the notorious “Brry” Kine with tho swindle, will be thoroughly cxnmined. Mr. Kivo has already testitied before a Com. mitteo of a previous Housa that Lo kuow nothing of the afiair. If it should appenr, after all, that he received the famous $500,000 clieck und disbursed it, thero will be n dvead- ful breach in his reputation. The situation is really Lecoming awloward for Wizzraxt. The three Specinl Commuittees appointed by tho Houso to investignte alleged ontrages in the South will probubly ascertain the true condition of nfaivs there, and suggest ade- quate remedics for such disorders ns aro Tound to exist. The House yesterdny ap- proprinted £2,500 ench for the expenses of these Comimittees, and thoy will Degin work ;nt once, One Committee will inquire into ,the cireumstances of the Vicksburg massacre, another into the disorders nt New Orlenns, 'and a third will detormine tho valuo of the ‘xeporta sout out by Congrossman Hay, of Alsbamn, whose reputation wag somowhnt rudely and suceessfully nsaniled Quring the lust political campaign, Messrs, Poraxn and Warp, of the Arkonsns Investigating Committee, avo said to have in courso of preparation n report maintaining the legality of Brooxs' pretensions to the .Government. If these gentlemon have really como to nny such conclusions they ought to lose no time in reconsidering, There iu not a constitntionsl lawyer of auy standing in the country who docs not hiold that the Garland Government, chosen under the now Consti- tution, is logal. Both Porano and Wamp may find it convenient beforo long to bogin again the sative practive of law, Thoy can- not affovd to wantonly injuro thofr reputa. tions ns Inwyers by becoming the champions of Brooxs, The Chicago produce markets wero gen- enlly woak yesterday, though not leavy, Mess pork was more notive, and 250 por brl lowat, closing at $18,76 cash, and $10,10 THE CHICAGO DAILY TRIBUNE: TH RSDAY, DECEMBER 24, I874. sollor Fobruary, Lard was quict and 100 per 100 ibs lowor, closing nt $18,00 cash, and $11.25 scllor February, Ments wero in bettor domnnd and firmer, at 6 120 for shouldors, 0.80 for short ribs, nud 9 7.8¢ for short clears, Highwines wero in fair demand and steady, nt 970 por gnllon, Flour was quict, Wheat was less nelive and onsler, closing wealt nt 89 1-40 cash, nud 81 1-2¢ for January, -Corn was quict aud irvegulny, closing firmer on old, nt 78 1-2c, ensier on now nt G5 { .{e, and at 71 5-8c for Mny, Ounts were dull and 1-1@1-20 lower, closing at 51 #-8¢ cash, and 62 5-8c for January, Ityo was quict and flvm n97@H8c. Barloy was dull aud easior, clos. ing at $1.25 for January, and $1.26 for Fob. runty, Ilogs were dull and lower. Sales chiefly at $6.60@06,00, Oattle wero quict and stendy. Sheep wero nctive and un- changed. In our commercinl columns yestorday oc- aurred the following parageaph : A vathier Jargo number of “puta” on whent at 850 for Muarch ‘wevo Dought oy by ono firim, Somo Jeoplo liave an fden that that s contrary to o lav, bt on “what fs overybody's bueluess §s nobody's Listuces," this notico 18 probably tho enly ouo bt will o taken of the matter, The law of tho Stato declares all such transactions to bo illegal, and on a par with ganbling contracts; and those guilty of them aro liable, upon conviction, to fine and im. prisonment. The Board of Trade cannot hinvo one law unto itself different from that of tho State. Whatever is eriminal under tho laws of the Stato, should be trented s crim. inal by the Bonard of 'Lrade. Such operations, Leing eriminal, should not e recognized or tolerated, and the selling or buying of puts ought to be mnde, upon conviction, eause for expulsion. Until this bo done the Board of ‘Frade will bo itsclf direlect in its duty to its own character, and cannot consistently ap- peal for the support of public opinion in its proceedings against members for, perhiaps, slighter offousc: The Now Orlenns Returning Bonrd hns just coneluded its lnbors, some seven weoks nfter the clection. ‘he ofiicinl resulls wers an- nounced yesterdny. They give the Republic- ans o mnjority of one in the Lower Honse of the Stato Legisinture, It is impossiblo to say now whether thoso returns are honest or fraudulent. The Republicans in Louisiana, of course, maintain ono thing, and the Domocrats another, It is pretly cerdain, however, that the publication of tho retmms wonld bo o signal for civil warif tho City of Now Orleans wore not in the keeping of TUnited States troops, The Con. gressionn! Committeo of Investigntion now on its way to Now Orlenns may suggest some mensure of relief for that State. The Republican administra- tiou thero at prosent is not such as Northern Republicans care to bo responsiblo for, It would Lo far better to restrict the powers of the Returning Boord, and repenl the in- famous Inws which now disgrace the statute- books of Louisiaun, at the expense of losing the State to the Republican party, than to porpetuste Republican rulo by unworthy menns, — There is somo spaculation 15 to the expe- dieney of liolding an election in tho First Congressional District to fill the ‘vaeancy caused by tho death of My, Rice. The Elee- tion law of this State—Chap. 46, See, 46— provides that for any specinl olection “at Ienst twenty dnys'” notice shall be given. At the shortest time, no election could be had, returny mado and convassed, and cortificate issuod, before the 25th or 2Sth of January. This would leave but thirty-five dnys of the session. 'We do not think there is any emer- gency colling for such an clection, It will involva a public cost of scveral thousand dol- lars: to the people of Soulh Chiengo, tho south towns of Cook County and DuPage County, and for the mero purpose of enn- bling some aspirant to enjoy Congressional honors for thirty-five days, Thero can be nothing guined by tho election. If n Demo- erat be chosen ho caunot change the political wmajority, and, if a Ropublican, ho will only add ono moro to the moro than two-thirds majority alrendy existing. Wo hope the Governor will not eall any election, The city, and State, and county will not suffer during the interval. Let us have peace. There is too much ballot-boxing anyway. Much more discournging and disgraceful than the original passage in the Common Council of tho Wabash Avenue Railrond ordi- nance was the signing of it yesterday Ly Mayor Corviy. Wo looked for better things from him, It was rensonsble, indeed, to ex- peet that, whon the naturo of the ordi- nanee was made Luown to him, and he was shown the circumstantiol evi- denco of corruption in tho Common Council, he would veto the ordinance. The peoplo expected that much of him. The Mayor's reasons, or excuses, for signing the ordinauce would bo amusing if they were put for- ward privately by a bratal ignoramus, from whom mnothing better could bo expeeted ; coming from {he Mayor of Chicago, they are Lumilinting enough, Thoy are ns follows: (1) Becanse an injunction would have been granted if any ‘other com. pany had secured the franchise; (2) beeauso the improvement of the avenue by the Luild- ing of o horse-railway will increnso the tox- able valuation of city property fronting on it. As to tho charge that money wns used in tho Council, the Mayor snys that it made mo difference ot all to him how much money was used. e was in- terested in tho fact, not the means by which that frot was caused. A moro disgraceful sentiment than this never enme from a publie officer. Wo considor it to be the duty of the next Grand Jury to investigate the facts of this most scandalons transnction, and to indict anybody who shall appear to bo cor- ruptly concerned in it, from tho Muyor down, Wo reprint to-day a letter, oviginally pub- lished by the Ciucinnati Guzetle, which com- pletely exposes the designs of tho corrup- tionists nt Washington s ngninst Seeretnry Busrow and Seeretary Jewerr, These Lwo now memborsof the Cabinet have given great dissntisfaction in certain quarters by insisting upon aconomy and general efliciency in the ndministration of the Depariments whioh they contvol. ‘Lhoy *have been wonder- fully obiuse fo party-claims, wonderfully alert to the demands of tho public, wonder- fully irraverent of the *usages of the De- partment,” and wonderfully acute in discover~ ing and correctiug abuses, In shoxt, they have insisted upon conducting their Departmonts like busindss institutions, It i3 ensy to meo why such of. fleers ave obnoxious fo place-hnnters and thoso who have boen neeustomed in s small way to dispense official patronage, The plan which tho enemies of tho new Seoretaries Liave ndopted in the ondenvor to secura their removul is fully wet forth in the lotter to which we hevo alveady voforred, It is based, of courso, on deception and fraud, It con- slots in connnitting Prosidont Grant to o pav. teulnr appointment or lino of polioy, nfter it s been discovered, through privato gonrces of information, that the Seeretary concorned in the matler intonds to rocommend a difforent appointment or pol. ity. When the President and tho Sacrolavy consult in the matter, and aro found to disn- grev, the latter, of course, ix chargod by his onemics with maintaining “a factions op- position.” We bolievo the essentinl points of tho method of attack adopted by the corrap. tionists havo Loen corvaotly stated, e D~ liove, too, that tlo Prosidont’s confidencs in hin new ndvisers, who wero nolnbly his por- sonal seleotions, eannol bo shaken by the in- trigues of malevolont backbiters, ) A DEMOORATIO FOR BRAINS, The Louinvilla Courier~journal, Democrat- ic, inits issno of the 21t inst,, contains a very plaintive lttle wail over the fact that the Demoeratic roaction will not add nny- thing to the intellectunl strongth of the pres- ont Opposition on the floor of the noxt Con- gresd. Such Democratic journals ns aro ablo to discover anything at all will probably como o the snme conclusion, now that their attention hins beon called to it by tho Couricr- Journal, If brains did not count in Con- greas, thero would bo no oceasion for Demo. cratio journals {o discount Democratic vie- tories; but, nunfortunately for,them, brains do count in Washington, ag olsewhere, and the necessity for these braing is intimated in the following little plaint from the Courier. Journal, which las eyes sharp enough {o sea that the Democyativ victories may yot prove barren : Tuo Democrate, therofore, have bean admitted on {ril merely, Tho country msya to thont, % Woll, now, let us neo what you can do,? It Lonesty, in the com- man kenso of tho term, wero ull thist fi renuired, tha dersnd conld eastly be filled, Dut wo shall presently #eo tlie Republicaus, chastened by disasler, vylng with tho Denacrals in manifestations of the sanio virtue, They havo already thrown tnany of thelr roiues over~ bontd, " Maro will follow, - After a Httlo while, wa aball 110t Lo ahlo to proceed on cliuryges of corruplion, On tho ectitracy, e hall newd u poicy of o own s antly I this 15 to Work well and woar well, {t it omrace, distinetly nnd intelligently, tho maxly novel problons which bogin to presa upon the saclal 1o less than tho poiftical 1ifo of Amerien, Brufus arg indispensable to thin business, and honee, I ropeat, that it fs n regrotful featuro of tho sitwation to note (hio abronco of nny bgher puxposo ut thls tmo than- tuat Which relates th ‘bread sud Lutter, Itis not often that Tar Trmuse ean in- dorse tho statements of a Democratic paper, but wo mny assuro the Courisr-Journal that wo leartily ngree with it in all it says in the above extract, Tho recent clactions woeded out of the Republican party its weak and corrupt materinl, and left tho solid stuft which will confront Democratic incompstency ou the floor of tho next Congress. Who are to be the lenders to handle the questions which are to come up? Thereis something to do besides making investigations nud scram. bling for spoil, Grent questions must bo pre- sonted for settlement, requiring leaders com- petent to grapple with them, and, when theso issuos come up, tho Ropublicans will have men on the floor who ecan meet them. The Democrncy will hnve in tho chair of the Touse, unless somo Demoeratic intrigue not yet apparont overthrows him, Frnxanno Woon, tho salary- grabber and vepresentative of the slums of Now York, who is already caplivaiing the Deniocratic instinets with his fino liquors. Uuless some other Democratic statosman ean furnish o samplo of whisky superior to Fiu Naxpo's, and keep o better lunch-tablo, there will be no competition for the Speakership, With Frnvasoo Woop in the chair, anda Democratic House without heed on the floor, timo will mnake all things even ngain, If it wore nocessnty fo mako investigntions, the Democracy can provide committocs onough, If honesty is & requisito of suceess, perhaps by asevero cffort tho Democracy ean furnish that also. But, when brains ave roquirad, wo aro inclined fo agroo with our Demoacratic coniemporary that “the outlook in this respeet is ronlly discournging.” The Repub- licen party can afford to bido its time. It has ridden itself of many of its incumbrances, aud will throw nwny moro of them. Beforo the next Congress has’expired, it will be in completo fighting order. Like Fabius, it waits to win, THE SENATE DILL, "The Dill agreed upen by the Senate caueus Inat weelt, and passed by tho Senate on Tuos- dny, is, in one very important particulay, o very different bill from what the telagraphic” synopsis of it led us to snpposo. ‘Tho country hns had alvendy one serious aud dengerous instance of blind and indefi- nite legislation. Seeretary BourweLn and his Aszistant Ricitarpsow, in 1872, assumed the authority to issuo n portion of tho §4f,. 000,000 greenbacks retired by dircction of law in 186768, This conduct was se- veroly eriticised at tho timo, and ihe Finanee Committes of tho Sen. ate strongly reprobated the act, and in most emphatic terms censwed tho policy of leaving it to the discretion of any executive officer, under any circumstances, to issuo Government securities to raiso or depress the market. Bubsequently, when the nct wns repented, Congrees repenled the diseretionary power, and, by express statute, legalized the past usurpations, Now we lave the same Senato Committeo reporting, and the Senate passing, a bill requiring the Secretary of tho Treasury, from time to time, to retire eighty millions of graenbneks with a view of rosum- ing specie-pnymonts in 1879, nud then, by the omission of any requirement {o tlio con. trary, authorizing him to reissuo other notes in liew of those retired. In this particular tho bill as it now stands is a mockery, It mny bo conmstrued ns worso, beeauro it authorizes the increase of National Banl notes indefinitely, without ony coxresponding or proportionats reduction of the greenbacks, So long as the preseut Pres. ident and Seeretary of the Trensury may remain in offico, this discrationary power will not bo sbused in tho interest of iu- flntion ; but who cau guerantee ag fo their successors ¥ Morcover, the principlo is wrong, No oflicer should have fhe power at his will lo regulato tho nmount of currency in circulp. tion, The bill should bo amendod in this par- ticular by the Houso, That question of the amount of currency anthorized to bo issued should not bo lett, as this bill leaves it, with- out a peremplory regulation of Inyy, ‘Tho main advantage of the bill is that its moral weight is in the vight diroction ; it nowmes & day, remote it is true, when the Trepsury shall vedeem its outstanding and overduo paper. Whilo it leaves the matter of yetiring the emrency in tho mennwhile in o stato of uncertninty, it requires that five yenrs henco tho Secretary shall proceed to soll bonds for gold, and with the procaeds re- deom the awrency, The tendency of the bill, 03 it now etauds, is to provent the resumption ofspecie-paymenta nt auy timo heforo 1879, and to moke no proprration for resumption then by reducing in the meantime tho volume of outstanding notos, beenuse the diy authorlty js left with whoever hapy Seerctary of the Trenswry to refssuo 1L, tired greonbacks whenover he Plenses. ‘ihe bill should require him to destroy tho ye. tirod notea as fast as thoy como into the Trensury, ~ As tho bill stands, it may bo fnixly onlled a schemo of inflation, THE BOARD OF TRADE, ‘The action of tho courts in tho eases of Tisouzn and Srunars, in tho matter of the power of the Bonrd of Trado of Ohieago to discipline its members, lonves no longer any doubl on that subjoct. 'Thero nover should have been any doubt on the question of power, nor any hesitation in tho exercise of it. 'Tho Board has been 8o long negligent, of its roputation that the nmmboerof thoso who woro guilty of disreputnble practices had De- como formidablo enough to contest for tho supromaoy. Nothing is so condueive {o onor and high charactor as the prompt punishment of misconduot, and nothing so oncournging toloose prineiples and conduct as n lax ad- ministration of discipline. The courts have come to the nidof the reputable members, who have always been sustained by public opin. ion, and it is now for thom to maintsin their ascendonoy nnd vedeem the character of the Bonrd by a rigid oxnction of honorable deal- ings, {?l]xdgo Moonr: has decided, in the caso of Fisourn, that the Bonrd of Trade has full power to disvipline ils members, Judge Wirztaxs lns practienlly dissolved the in. junction in the Srurors case, lenving that gentloman subject o thoe discipline, tho ad- minisiration of which was intarrupted by an injunction, It will be romembered that the Board was holding an election on tho question of the expulsion of Srunars when the in- junction was served. 'T'his wns domng at twenty-five minutes before tho time fixed for closing the polls. "The injunction was sub- sequently modified so as to permit the ballots actually polled to be counted. Jnst liow the Bonrd is to resume its jurisdiction is now a question, That jurisdiction, of course, re- sumes exnctly at the point whero it was sus- pended by the injunction. 'Tho Bomrd lns now to appoint & time when the polls will be rcopened and kept open twenty- five minutes for the votes of thosd who did not vote on the provious day, Then tho whole voto will be counted, and tho result de- olared just nsif thers had been no suspen- sion of the clection by tle injunction. Augd, after the voting is finished and the result de- clared, if the mnjority volo is in favor of his oxpulsion, he should Lo declared oxpelled. If heis dissatisfied at tho verdict of the members of the Board, the courts aro opon to him for radvess of griovances if ho can show that he is an iunocent and persccuted mon., But the right of the Board to disciplino its members for ummercantilo conduct can mnevor bo viclded. If the Bonrd fails to proceed with the cnse and completo it, they will bring themselves into public contempt, and deserv- edly so. The injunction merely stopped proceed- ings for tho moment, Lut has undono noth- ing. It is the bounden duty of the Board of ''rade to commenco cxactly at the point where they left off, and complete the pro- ceedings, and of the oflicers to exccute the verdict rendered by the ballots of the body. THE BALTIMORE & OHIO DEFOT. TheDaltimore & Ohio Railrosd, undern con- teact with tho Directors of the Exposition, and approved by iho Board of Public Works, now oconpics a8 a waiting-room and tickot- officc the now addition to the north ond of the Exposition Building, known s tha Agri- cultural Imploment Hall. The Baliimore & Obio Company bave lensed this wing of {ho building, which would otherwise be unocen- pied five months, or till June 1 next, and pay therefor at thorato of $500 n month. It is now the desiro of the controlling ring of tho Common Council to oust the rond from the usio of this idle portion of the Exposition Building, The purpose is neither fair nor in tho interest of the public. The Baltimore & Ohio Company eame into the possession of this room ns follows : Iay- ing arrauged with tho Illinois Central Road to bring their trains in on the Tlinois Contral tracks, and use the old Ilinois Contral depot, tho Daltimore & Ohio enmo in along the Lako Tront, under the impression that it lad secured o passengor dopot. Theroupon the Michigan Central Railrond, which has boen opposing the entrauco of the Baltimore & Oliio Rond into Chicago in every possible manuer, eujoined the Illinois Gentral from extending tho privileges of the old depot to the Baltimore & Ohio Road, The injunction wag issued under su old contract between the Illinois Central and Michigan Cen- tral Roads, Pending this injunction, the Baltimore & Olio traing wero forced off on ono side upon ground owned by the linois Central Rond, to tho enst of tho dopot. To reach the B, & O. trains, people have been forced to cross a net-work of railrond tracks, and run the geuntlet of o seoro of engines and trains, switching backward aud forward; and this at the risk of lifo and limb, It was this public inconvenionco and danger to life of the people of Chiengo as well ag strangers that induced the Baltimore & Ohio people to rent that portion of tho Esposition Building which they now occupy. It is Just lorgo enough to mnke comfortable waiting-rooms nnd offlees duriug the wintor and spring, and tho traine arorun from 80 to 40 feot to tho east of it, The pretenso of the Common Council's in- terference in this contract i3, {hat tho rail- roed might require some color of titlo to tho property under the leaso! Nothing conld bo moro absurd. The property oceupied by the Baltimore & Ohio Company is no part of the property formorly in dispute between tho city aud the threo railronds which claimed to hava Dbought it under nuthorlty of an actof the Legislature, That property lics nll to tho north of Monroo street, and the Exposition Building all to the south of Monroo strect, That portion of the Lake Front oceupied by the Exposition Building has never beou in dispute; no railrond compnny, or any other corporution or person, has ever Iaid claim to any pmrfof it. Where are no railvond tracks run upon it, end no buildings erected thereon oxcept the Exposition Building, which was authorized by the Mayor, Common Couneil, and Board of Public Works, A small frac. tlon of this building is now occupicd under o leasa till Juno 1, 1875, modo with the snne- tion of the Doard of Public Works, which controls the disposition and management of the building under the resolution of the Com- mon Cowncil authovizing its construction, How in the mamo of common sense can o leaso of a part of this building till June 1 next givo n color of titlo to the lessees of the Lako Front or any portion thercof? Tho fact fu that this is o mere aud shallow protense, which the Common Council has adopted, cithor for the purposoof punishing tho Unltimoro & Ohlo Company, or to lovy blackmall upon them, 'I'ho venson why the Baltimore & Ohlo Company are to bo Dhnishied s, that thoy did not npply to the Common Couneil and Juy o leasv of the building from the ring whioh controls that body, Tho ooonpaucy would'bo all right if tho privilege had been purchased iu tho usunl | way, The Baltimoro & Ohio Radlroad people, though they had distinet intimntion that thoy should procced in this way, did not sca fit to spond mny money on the Council, They procceded in n moro direct and honorable mauner, They secured tho loaso they wanted Ly offering liberal rewtal, nnd without spending the monoy in buying Aldermanic votey ; and they must bo left in the peneeful possession of tho property thus rented from tho very persons, and tho only persons, authorized to rent it. By tho Ist of next June the injunc- tion on the Iilinols Central prohibiting them from allowing the Baltimoro & Obio Tond to uso their dopot will hiave been removed, or tho Bpnltimoro & Ohlo Railrond will have mado other nnd permanent arrangoments for adepot. Mennwhilo, it is for the publio jn- torest and safoty of the peoplo of Chieago that they should rotain their presont quarters, and neithor the disnppointment of corrupl Aldermen at not recoiving a bribe, nor tho opposition of .rival railrond companies, should ba pormitted to drive them off from a privilogo lawfully acquired. "Things have come o n protty pass, indeed, if nothing con bo done in or about {his city without first buying and paying for a sufii- clent number of Aldermnnic votes to snnc- tion it. 'ho Baltimore & Ohio peopleshould not budge, nor pay n dollar but what thoy bavo agreed to pay. Who courts and tho publio will sustain them in resisting any attempt at blackmail in this mnniter, THE BATANOE OF TRADE AND SPECIE-PAY- MENTS. An adverso balance of trado is not shown by the ontries of tho Custom-House books, ‘When these books record the export of 876, 000,000 worth of goods aud tho import of £100,000,000 wortl, it is not a fair deduction thnt thero is o balance of $23,000,000 ngainst us, which we must liquidate with gold or ovi- denees of indebteduess, Tor if tho exported goods valued at $75,000,000 Lere wero worth £83,000,000 abrond, and if the imported goods valued nt $100,000,000 hero wero worth only $385,000,000 abroad, then the exports and im- ports havo just balanced ench other. The cargoes fent abrond have just paid for tho enrgoes brought homo. There is no balance against anybody, It is possible, indeed, that tho $75,000,000 worth of goods exported will sell for enongh in the English market to more thon pny for the wares eutered at $100,000,- 000 at our Custom.-Houses on the return voy- #ge, In this caso the balnneo of frade would bo inour favor, and yot the Custom.Iouso books would show an adverso bulance of $23,000,0001 It is evideut that tho testi- mony of theso books is not to bo reliod upon at all, so far ns tho balance of trade is con- cerned. A recont writer for o mugazine on the subject gives n good illustration of this fact. Ho says: A Boston merdhant will ship n earg of mixed good o thio Sandwich Islands to ho exchatied for painsoil 1 this alm oil ia shipyed to Eugiand, us n raw mitorial for mannufacture, nid sold for cash 3 tho casit Ia i mediately vesiod in Eoglish unufuctursd good, which aro broughit to the United 8kutos for nalo, The ontygoing cargo muy havo beon entored upon the Los. tou Custem-diouko books at s valuution of §10,000 ouly, whilo the fucomiug cargo, having ucoumulated tho pr 1t of tyo entivn changes of fuvestmont, tho corsis of stocky around the world, aud th intereat on the ‘vestuient, 13 cutured at 5 valuation of perliaps 330,000, This would show n lulneo of trudo ngaiust the United Stalen of $10,000, when i fict thoro would be. o Lile aneo whafever, bt this_ difference would xeally repro- st tho profits of the voyago nround tho world, Aty {84 common caso plntnly siated, aud represents tho netual focts as regards o largo proportion of our foreigu trade, ‘There is no infallible eriterion by which the Lalnucoe of trade can be reckoned, Prof, Oamyes snys, in his vecent bLook: o determino the amount or extent of tho ad- vantago derivable from forcign trade is, and, I venture to rgy, must ever be, an absolutely insoluble problem.” As long as two countries trado with each other, both nmst gain some- thing. Tor if either lost, its demand wonld ceaso. No merchant persists for yoars in n business that does not pny. This mutunl gain cannot bo reckoned. It consists Inrgely in the gratification of individual tastes. Who is to weigh this gratifiention? Can any ong tell the amount of ndvantnge we dorive from tho ten trade? If, however, wo tako the definition of the bnlance of trado which malkes it simply the differenco bo- tween exports and imports, there is a clew, although not a sure one, to the amount, ‘Cho books of the bankers who deal in forcign exchange furnish this clow. If they show that wo have esported moro gold than wo bave imported, it is a fair inference that the balanco of trade is against us, beenuso it is gold which finally settles all defleits in in- ternationnl nccounts. Itisnot o fair infer. ence, however, that the precise mmount of tho ndverse balance of trado is indicated by tho excess of the exports of gold over tho imports of it. If we buy $100,000,000 worth of goods from England and sell her $60,000,- 000 worth in tho same time, the real balance against s is $40,000,000, 1If, now, we flont §80,000,000 worth of bonds, stoaks, ote,, on Lombard street, wo will lave to ex- port only $10,000,000 in gold to mako good our account, and thus the apparent balance of trado will bo but one-fourth of tho veal one, On the other Liand, the bankers' books can tale 1o account of the enormous sums of hard money brought to this country by emi- grants, Theso mon do not buy bills of ex- change. They bring their gold and silver on their persons. It is estinated that German immigrants have, within half o century, brought into this country £500,000,000 in specie. The bankers’ books show no record of this vast sum. It is suflicient proof of the utter untrustworthiness of all the means of ealeulating tho specio receipts avd ship- ments of a country to point to the fuet xocorded in Boux's “Political Cyclopmdin,” that, if (ho current statistics woro true, “oll the specio in the world would ot the present timo be locked up in this island [Englandy* It iy evident, then, that the balanes of tr.fo cannot be exnctly ascertained, since, if we tako tho narrowest definition of it, aud try to estimnto it with the help of the Looks of all the biukers in tha country, wo cnunob pinco any groat faith in tho accuracy of the rogult, . 1t is, nevertheless, assumed that wo eannot reswno specio-puyments until the balance of trade, as shown by the baukers' books, is in omr favor, Tho asssumption i baseloss, Wo bave already proved that this is not tho truo balonco of trade, No argument wlhich tronts it as trmo can Lo itself true, In the sccond place, if wo do export move gold than we import, it docs wot follow that wo havo less on hand. at tho end of tho year than we lnd n tyvelve wmonth beforo, For this iun gold-producing country. Ifwe have imported $10,000,000 of gold, exported $100,000,000, and produced £100,000,000 dwring n year, the stock on biend is greator by $10,000,000 than it was at the closo of the preceding yonr. ‘Phis simplo fact destroys tho inflationist iden that, bocause we need spocio with which to resume, wo wust walt until wo get it from ebroad befors we attempt resumption. The mines of Amorien can supply tho required amount sswell as the banks of Turope, Finally, the greab renson for tha outflow of gold from this country is, ‘it it Is nob in domand horo ag & ouizonay, It eon bo used in Europo mora profitably than it ean bo hore, beeauso it §s in domand there ns currency, ' It therefore goes abrond. If wo resume apecio-payments, gold will bo in grenter domnnd here, and will thereforo sty hove, It g putting the enrt before tha horse (o sny that Tinrope mmst ship us specio befora wo can rosume, When wo resumng, and not until then, will gho ship us specle, Lack of demand for gold horo causes its ex- portation, Wa have no uso for it, and conse- quently send it abrond in exchange for things we need or desire, ‘Therefore, any the oppo- nents of resumption, wo must stop exporta- tion before wogan have & demand, "That is, if A causoy B, B3 must bo stopped befors A can bo, But B must go on, by the conditions of tho caso, ns long as A does, Dbeenusa it is tho result of A, Therefore B cannot bo stopped beforo A, But A counot bo slopped before B, Whenco it follows that neither A nor B ean over bo stopped, Could there bo amore ridiculous non sequis tur? Yot this is simply the precise logieal form of the anti-resumption brlance-of-trado orgument. If tho reader will rend **irvo. deemablo currency " for A and © exportation of gold” for B, ke will hinvo this argument in o mtshell. Tt cannot atand criticism. The baleuce of trade depends in great part upon specie-payment, but specie-payment deponds uot at all upon the balance of {rade, CENTRALIZATION, Bocause Tue I'ninuxe hay repentedly ns- ferted tho sovercignty of the notion oy su- perior and paramount to the power of the in. dividual Stato corporntions, our Democratic contemporaries nceuse us of favoring “cen- tralization ”; and centralization ig, inthe eyey of mostof those who do not understand what it meaus,—n entegory which embraces, with very few excoptions, the whole ranlk and filo of the Democracy,—n very odious opithet. What Dr "Pocquevitir says of the word in his * Democracy in Americn” is still truo of it, viz. : that it is o word in general and daily use, without any precise meaning boing at. toched to it. Now there aro, asthe same em- inent writerhng pointedont, two kinds of cen- tralization,—n centralizntion of Government ond o centralization of Administeation. Theso two kinds of centralization, though very often found together, are not neeessarily insepara- blo. A centalization of Government is al- ways dosirable; o centralization of Ad- ministration, never. e Trmuse's po- sition js the same ns De Tocquevii's, Says ho: “I connot cenceive that n nation enn live and prosper without a power- ful centralization of Government. But I am of opinion that n contralized Administration is fit only to enervato the nations in whick it exists, by incessantly diminishing their local spirit.” It ia contralization of Administration only that works injury to a people, and s a tendeney to bring on their commercial decny. This species of contralization Tug Tninoxe will over opposo. But a centraliza. tion of Government at the National Capital, 80 far o8 necessary to save us from anarchy on the ono hand and dissolution on the other, it will advocate always. If the Domaocracy opposs this centralization, tho country is interested in knowing that they do, sinco to oppose it is to advecate oither anarchy or dissolution, or both, Itis only in a stato of anarchy that contralization is entircly absent. Given a Government, it must have some degree of centralization, or fail to nccomplish that for which it was in- stitutod. Yet our Democratio friends have such o horror of the word that they will not henr it at all. Wero they a little more philosophical they would not fear cen- tralization o mueh. Thoy wonld Inow that this country mnever will bLave & more centralizod Government than the emergencios of the times will demand ; 80 great ave tho decentralizing influences and interests to bo overcome, Therois no danger that we shall ever have such a contralized Government as thot of the Grand Roi, who claimed that ho was tho State. Such n Gov- ornment iy simply impossible in this country, and ever will be impossible. But if wo are a people ; if, s we claim, wo constitute a na- tion, wo nced a Government strong enough and centralized enough to mako its will obay- ed, Without such o Goverument, there is no security, and without security nll the clements that go to constitute the happiness of a peo- ple will be inevitably wanti DIPLOMATIC ETIQUETTE, Gen. Scurxck, our Minister to England, has found himself in personnl trouble, and aroused an almost universal feeling of indig- uation throughout Great Britnin, bya very in- judicious and ill-considered address, recently made by him at Shefield, before the Society of Cutlers. The English have discrimination enough not to hold the country responsible for the postprandial utterances of its repre- sentative, Dbut the representative Limself, nud thera is little doubt that they will make hig position very uncomforiable, and doserv- edly so, in retalintion for tho very low es- timate Lo ploced upon the character of his sudience and the gross brench of ectiquette, amounting almost to in. sult, of which he was guilty, The points of his spoech to which the English take cx- ception aro two: first, in snying the English should avoid n quarrel with the United States, beenuse it would interfero with the trado of the two countries; and, second, that, whenex. tending a goneral invitation to the Contonnial celebration in 1876, he should intimato that the date (Fourth of July) need not intimi- date Englishmen, as Lo supposed “they had got over tho sorcness nbout that,” Under the cirenmetences, the first was o reflec- tion upon the character of the Eunplish, and an intimation of B groveling, mer- cenary, and greedy disposition, which would sncrifice any question of prin. ciple, moral or othorwise, to commercial goin, T'he second was ahuost a diveet insult, A man of ordinmry tact aud ordinary courtesy would have congratulated the English upon tho pencefal and cordinl relntions oxisting be- tween tho Lwo countries, and would not have assumed that those relations could ever bo disturbed, Auy allusion to such n possibility was superfluous, and the suggestion added to it mokes it also disgraceful. The sccond slur upon the Euglish people is all the worse becauso no reply can bo made to it and no epology con mako entiv faction for it. No Englishman could havo made such o speech in this country without immediato rebuko, Tow, foriustanco, would n Northern nudience, in easo the South had dlofonted tho North in the War of the Robell- iou, have taken an allusion to their defeat, by s Bouthern orator, and au invitation to holp eolobrato it? Mr, Sowenor might with the utmost propristy have iuvited tho En. glish peoplo toa celebration of the hundrodth annlversary of the existonce of the United States as o nation, and no exeeplions would have been talen to it; but to invite the En- glish people, ns 3Mr. Seuenck virtually i, to colebrate thelr own dofont n cautury ngo, was ot unpurdonablo brensh of diplomatio docorum and glaring instanco of porsonel conceit and Il of tnet, Mr. Souror has herotoforo usod his offico for private purposes of goin through Lis con- nection with the Bmma Mining Company, and lins croated a seandal which s injured tho country he ropresents, If ho is mot ca- pable of conducting himself ag n gentloninn among gentlemen, then it is timo that the Govornment should reliove him from hig presont position, and asslgn Lim to ancther post of duty. OTION OF %44, The hiutory of tho Presidentinl olections of tho past is full of suggestions of coming dnu. ger to the Republic. ~ Wo Linve alrendy given severnl of theso prophetio precedents. An. otlier can bo drawn from the famons eloction of "4, It that of 76 should result in the #nmo way, & civil war of o bitterness without parallel might be the result, provided we nog. loetto amend our Constitution, and so fail to guard beforohand ngainst the glaring defocts in the present mothod of eleeting tho Presi. dent of thoe United States, In 1844, Porx was tho Demoeratic, and Crax the Whig, nomineo for the Preideney. Tho vota of Now Yorl decided the contest, Porr received 170 clectoral votes, ond Cray 105, 1f Now York’s 3G votes hnd besn given to Cray, ho would have had 141 to Poux's 134, The Empiro State was carried by 6,000 mnjority, It was claimed that this wasfrand. ulent. Both parties made desperate oxer. tions to carry the State. Both expected to doso, Ithasofton been charged fhot the Democracy, wiser in sinfulness than they wero in 1868, distributed frandulout votes throughout tho State instend of com. centrating them, as they did for Horr. MAN and Seymour, in the metropolis, In ono uf the interior counties, thirteon Demo. cratio ropenters wore legally convisted of baving cast nt least 100 falso votes for Porx, and were duly jailed. If this fraud was & typo of tho general conduct of tho campaigy, New York wns really Whig in 1844, just ag it was ronlly TRepubliean in 1868, ond FEsny Crax was elocted Prosidont of the United States and cheated out of the honor, Suspicion nttached not only to the returng {rom Now York, but to those from Louisiana, "The Intter Stato was carriod for Porx by tha volo of tho Parish of Plaquemines. This pavish voted for o series of yenrs as follows : Year, Wi, Dewocratie, 4 450 "T'he plinly fraudulent vote of 1844 gava Porx 970 mnjority, His majority in the State was 699, It was in this way that the Democ. racy securod the five clectoral votes of the Pelicnn State. Tho nceepted thaory in 1844, and, indeed, up to 1836, was tha Cougress had no right to pass upon the veli electoral roturns. Thus New York and Louisinua wero both counted for Por. Now, howaever, g lino of precedents hes established the right of Congress to accept or acject rea turns at will. If tho cases of tuase two States find a parallel in 1376, a3 they will almost without doult, what result can there be, under ourpreient system, but one? If tho doubtful electornl votes ava returned o8 Republican, the Democratio THouse will reject them, If they are returned s Democratie, the Ropublican Senate may roject thom, The only nppenl vill be to the aword. Common sonso imperatively demands that this plain danger should he effectively gunrded ngninst. Senator Moutoy cannot press liig amendment with too mnch vigor. Tho kowl over the bloody chasin,” *tho op. prestion of the Governwent,” and the like, be. comes doubly absurd in viow of tho fact that in tho National Legistaturo aro to be found to-day tho sccoud highest civil ofticer of the Sonthern Confedoracy, ALEXANDER IT. Sternuxs, and thic- ty-seven of Lis comrades, both in the Senste and the Houso, In the Sounts aro to ho found Gronas Gorprmwarre, Confederrto Adjutant- General of Alsbsmn; Trmowas Al Nonwvoon, momber of tho Georgin Confedorato Leginla: ture; Jonx B. Gonooy, Rebel Major-Gencral 3 Javes L. Arcory, Confodorato Brigadier-Gons eral; Matr. W. Rassoy, Confedornto Majore Geoneral from North Carolina, sud hia collengno, Avoustus 8. Merniay, Confederato Distrie Solicitor; Hexny Cooresn, Confedorato Cireuit Judge in Tennossce: Jomx W. JouNsTON, an old lawyer from Virginin; and{Iirsny G. Davis, a Robel sympathizer, from Vrest Virginin In tho IMouse Virzinin is roprosentod Dby five exe Confederates, a8 follows: Jaues'B. Seoem, newspaper correspondent with Ler's army; T'ronas WaITENEAD, o cavalry officer; JouxT, " IIanms, o member of tho Confodornto Logisla ture; Erra Huntoy, o Drigadier-Genernl and & prisoner in Fort Warron; Raxs T. Iowes, onq of the oldest mon in the Houso, and tn ox-nieme ber of tho Rebil State Logislature. From Toxas thoro aro four ex-Confederntes: WiLniax S, Hervoox, Wintaan P, JMoLeAN, DEWIir C. Gipe b1xoy, and A H. WiLtrs, all of tho apmy. Ten- nessoo ia representod by Wasniyatoy O, Wurrr- uony, Gov. IIannig, Adjutant-General, and J. D, C. ATxixg, member of tho Robel Provisicual Con- gress, From North Caroling there ara A. M, WavpELL, Licutenant<Colonal of Tebol cavalry; W. A, Sautw, o mombor of the Cofederate Blato Logiolaturo; J, M. Lracw, momber of the last Rebel Congress; l'oxas H. Asup, a Confedexato Senator; W. Al Rournrs, Robol army ollicor; snd the relontlcsa Gen. Ropent Vaxce. I Q. C. Laxan i8 the only ox-Coufederato ropresentative from Misalagipp, Was & prominent diplomatic oficor, Lvery reprogentative from Geworgia, but ono, was in tho Confedorato Rorvice: H. P, Berr, Coufaderato Congressman ; P, 3, 13 Yooy, Major-Goneral IL R, Ianms, mombor of the State Convention; Pumir Coor, Brigadiex-General ; B, H., Wit Ly, army officor; Mionaay RAwLs, a Robol Colonel; aud tho distinguished Confedorato Vice-Prosident, Stermeys, From Alabama thevo are J. I Soss, tho ousted Confederato Mayor of Wasoumbin; J. M. Carpwerr, Bolicitor- Geueral of tho Stato; aud OuanLzs Pemay, of tho Confederate army, If this is cruolty and oppression, anytbing .short of cosslon of the entiro Govornment to the South muat be crualty aund oppression, i, Tho mora the unaty *“Kamie KiNa " fraud s oxposod the worse 1t 1coks for the parties who ongiucored it. Ronert Dark Owey's suspiciung ware fivet aroused Ly th o substitution of unothor woman for the first Kamz Kiva ; then by the refussl of the modiwin to put the eabinet ox castord, and atrongth was addod to Lis skepticlsm by the discovery thmt when in Iuglond tho Tlorxrs family had gaitred somo lttle notoristy by rafuing two checks firom £8 to £80, His sus- pleion boeame conviction whon brought face to faco with tho pert and protty widow, Mrs. Wit who had neted £ e part of thorovemmnto. Then the Inquirer, of I liladelphia, sailod in and exploded tho swindlo, #inco the oxposure tho attoudanco at the Hotaes' sosuces bas not fullen off, Public curicuity has been srousod, and tho Lusiness continuios remunerative, lion. EBT Dare Owsy confess e bis complsta decop- tionina sincoro echoollioy fashivn, while the awindlors fall back upon t o superstition of theie cruft to oxplain matterst, Thoy say that the woman closaly resnmbles Kati Kino, ond has beon blackmailing Dr, Onn:uos for some time, but, falliug to carry on her buninons, sho has thrown Liorself upou tho sympatbiy of the public ac a frioudless, mivguided oretsture, drivon to decope tion by tho higheat motlv ta of flial and matos= nal affookion j thut tho plerson who appoarod