Chicago Daily Tribune Newspaper, March 11, 1875, Page 4

4 THE 'UHICAGO TRIBUNE: THURSDAY, MARCH 11, 1876. e e e “ - — — TERMS OF THE TRIBUNE. RATES OF RURRCMUPTION (PATARLE. IN ADVANCE), Postnge I'reprid at this Oflees and $10.45 sojjer April. Meata wero strong nt j@jo ndvance, at Glo for shoulders; ole for short ribs; and 10}@10je for S 13000 | Weakly, 1 yo 9 i-flv ‘short clears, Dressed hogs wero in good o 1Five cnplos ‘00 | demvnd and stronger, closing-at $7.60@8.25 hest .00 Partaof a3 32 sama rate, a TVANTED-Une setivo agent fn each town and villago. Epectal arrangomeuts mads with suoh. Bpecimon caples sent freo, o grevent delay and mistskes, bo sure and glre Post. Ofice sddrets In fall, ncluding §tate and County, Ttariitancos may bomade elthor by dralt, expross, Poste OResonder, or in registered lotters, at ourvisk, TENME TO CITY AURECRIDERS. por 100 ths, IHighwlites wera nctive and lo Tigher, nt §1.10 per gallon. Flour was quict and firm. Whent was active aud 1o higher, closing at 88c for March, and 89}e for April. Corn was quiet, and 3@ je higher, closing at Gtlo cash, and 71je for May., Oats wero quiet and flrmer, closing at 52§e for Mnrch, and &t for April. Rye was quict ot 7@ 07fe. Darloy wos quict nnd firmer, closing at $1.00 for March, and $1.02} for April. Hogs wora mora nctive, and light weights sold higher. Cattle wero active aud tirm, Sheep ruled mora quiet and ensier, THE SPRING TRADE, In the Inst issuo of Tue Tntoust an elab- ornto statoment of tho business prospects of Chieago for tho coming spring was presented, which in full of enconragement, As tho re- ports in ench department of business were derived fromn personal interviews with repre. sentative firms in thoso departments, they can bo regarded as suthoritative. In somo casen equally competent judges disagreed in their views, but the majority of opinions wero favornble in regarding an carly and suc- cossful resumption of business and an in- crensed voluuo of trade ns ontirely probable. This viow is sustained by the testimony of lend- ing bankers, showing that the discount lines have all renchied high figures, growing out of tho liberal replenishment of stocks by our nierchanta. So far ng cerenls, provisions, ond lumber, the principal items of business in Chicngo, aro concerned, the prospect is oncouraging. It Is estimated that thero will bie n movement of not less than an avernge of 600,000 bushels per week from tho 16th of May to the 1st of August. Novery decided improvement in flonr is looked for, but tho corn movement promises to be very active, whilo onts, rye, and barley look well. Tho provision businesa isin a very healthy con- dition, and meats aro called for in such quantities that there will bo very small stocks on hand by the time wnrm weather comes. Although tho lumber season, owing to tho weather, will open Iater than usunl, still thereis n decided improvement, and most of the dealers anticipate & good business, The dry goods dealers are more than ordinarily hopeful. Business has beea good, notwithstanding the inclemency of tho season, and every indication points to an im. menso incraaso of trade this spring, one im- portant item in which is the fact that country merchants aro finding that they can buy cheaper and more advantngeously in Chicago tban in New York, and consequontly, in- Datls, delivered, Sunday ercanted, £5 cents par wesk. Datly, delivered, Bunday Included, 30) conts por wook. Address THE TRIBUNE COMPANT, Corner Madizon and Dearborn.ata., Chicago, Iil TO-DAY'S AMUSEMENTS. MAND OPERA.TIOUSE--Clark Btron Housn, Welly & Leoi's Hiastr of tho Kitehon," CADRMY OF NUSIC—Haltted atrant, hatween Mad- s A o - Hngpgement. of Jobh T Hagmond: ¥ Col, Mulborry Sellers.” VICEKIUS TIRATRE-Madlton stesst, betwaon D S e Vigagament of Mirs. Housbs. 9 Txixt Az and Crown. LEY'S THEATRE—Randoloh strost, briwess A S A Lot tHowse o the Dridaecs ADELPRI THEATR F—De n atreet, cormer Mon. ros. Varloty ontortalumont. ia Poar of New Xorks" NOTICES. P ¥ 73 TO THT NATIONAT Cavitat oo 38 to NoCheineya snd roturn, witira fut set of beat Guin Tecth, F clagn gald fililngs, ware e i o Tancy Dreos.. lntistaetion glren oF monoy Ffamdod: Comer Glhak and Randalph sy, The Chichgo Tetbune, Thuradsy Morning, Morch 11, 1875, WAT DROLARED-f A cnble dispatch gives the official announce- ment of tho new French Cabinet, and some iuteresting sketches of the members of the Ministry will bo found in another columa, PR Thero is n romote prospect of relief. The “Roformers” at tho State Capital havo at Inst consented to fix aday when the intro- duction of now bills can only be sccured by o two-thirds vote. In nnother month we may expoct that adjournment will be admitted as a possibility. 1t transpires that in rry and heat of tho closing lours of Congress the express companics realized n big roturn upon their lavish investments in bauquets. DBy the terms of the Post-Office bill tho rates for third-closs mail matter hng been so incrensed 81 to pormit its conveyanco by express aba cheaper price, though the cost to the publia will in any case be greater than before. Ilaportori;! expulsion and legislative hydro. phobin brought Prates to bis fect in tho Llli- [ gtend of being s **sorting™ market, nois Houso yosterdsy. Hisire subsided ot | ny herctofors, it is now a stock tho suggestion by Mr. Hise thet corrcspond- | market, In which merchauts have the ents were not tho only subjects for ejectment from the floor as nuisances, but that asining members wore 1idblo o tho samo treatment while PraTen's other gricvance was disposed af by the nid of the dictionary ns fo the moaning of the word hydrophobia. Thus wna o gront danger averted, and hostilities against tho reporters were suspended unfil some one alse incurs PraTen's wrath by pub- lishing large words which he docsn't under- stand. ndvantage of buying swall purchases rnd buying moroe frequently, thus keeping within tho demnnd upon them, In iron, things look better. Who pig iron market shiows signs of revival, and the bardware men aro very much encournged at the prospects before them. The grocery trade has been dull for two months past, but with the ad- vent of better weather it is improving, and the spring trade will be ns good, if not better, than it wns lnst year. The boot and shoa denlers Aro unAnimous in the opinion that the spring trado will bo excollont, and all of them have rold thus far this scnson much moro heavily than last season up to the same timo. In miscollanegns branches of business, such 0s hats and enps, sgrioultursl implements, drugg, crockery nnd glass, millinery, coal, canned goods, dried fruits, and tobacco, the reports como in in the samo cheering man- ner. It only needs tha Lright sunand balmy wenther to set tho great wheels of trade in motion once more, and bring atont a hope- ful fecling among our busingss men, and restoroe to Chiengo that elasticity, and energy, and briskness characteristio of the ante-firo and pute.panic days. One more such geason will place Chicago upon her fect agoin, ready to travel the highway of prosperity slowly, stendily, and successfully, rccovering what s been lost in the unprecedented disasters i d upon her, Tho clection of Mr. Feany, of Michigan, as Prosidont pro tem. of the Senate, wasn ilatter- ing and well-deserved compliment to him as & prlicmentarian of distinguished capability and perfect fairness,—an estimato coucern- jug which thoro has beem mno differ- enco of opinion on either sido of the Senate, and which will grently nssist him in the exerciso of the delicato and diffioult functions pertaining to the position of presiding officer of that body. Having the confidence aliko of Democrats and Ro- publicans, AMr. Feary will bo ablo to facilitato tho transaction of business in tho Sonate, and, if be remains truo to his former rocord, iy now bonors will be of mutual advantage. Mr, Haxxs hios called to mind the fact that the present Houso of Representatlves was elected under tho minority representation plan of voting, ond scems to thinlk that fact ought to protect it from all hostilo criticlmn, Waowero not awaro that it was the minority in the Legislataro which was responsible for tho fuilare to do business, and wag rendering that body ridicalous in thoeyes of tho people; wo havo supposed it wag the majority under tholend of Mr. Hames, We still thinkso; but wo nro willing to admit that tho framers of the Coustitution would have hesitated sori- ously sbout incorporatiug the minority ropre- scntation clauso if they had contemplated the possiblo choica of such a Spesker of the Xouso as ono of its results, T'ho nation paid, up to March 1, nearly 0,000,000 in interest on tho bonds issued in bebolf of the Union Paciflc Rond. It has done so under the impression that tho road waa not errning onough to pay this for itself, This jinpression hos beon strengthened by the rocent pitcous plen of povorly, filed by the Union Pacifle Directornte at Washington, in order to indnce the Government to accept tho so-called “‘compromise,” by which the road was to pay each yenr from one-third to one- linlf of the interest duo that year, and was then to bo releasod from all ability for the principal! Dolief in the truth of tho Company's state- monts counot survive the roport submitted by tho Directors to tho stockholders at Bos- ton yesterdsy,' 'I'he managers arv evidontly Junus-feced, They gaze at tho nation at largo with rueful faces, and mouths full of pluints over the corporation’s poverty, whilo they umile cheerily ot the men insido tho concern, and parada the §6,000,000 net profit of Inst year, 'Lho report states that tho not profit, despilo heavy cxpenditures for now track and thorough maintenance of tho equip- ment, was nearly 6,000,000, The exaot ig- ures wero ns follows: Tho gross earniugs for (ha past year were $10,30%, 8505 tho expenser, including tazcs, F4,E03914;5 sur ius earnings, $3,07,303, the operatiug oxpenuss be. $ugg 44 per cont of tho grots carniugs, The surplus earnluga for the yoar arocnual o 7 percent on the eutiva stock and bonds of the Comipany, The pussen- fer varuluge amounted to §3,953,639, and the frelght sarulniga to £3,064,73, Hinco tho concorn hea eleared 7 per cont on its bonds, it might be expected to pay tho ¢ per cont on it Uovernweat uid-bouds for the currout year,—but it won't, It prefersto tax tho nation for such purposes, and divide the amount saved among its own wembors, "The report actuolly proposes & G per cent divie dond on stock, ‘The Contral 'aciflo hina hith- erto monopolized the distinctron of defuult- ing gunrouteod intercet on its bonds snd payiug dividends on its stock, but its noble example is now to bo followed. Tho Union Pacifie, haviug clearod enough money in a year to poy two-thirds of tho iuterest it hos defaulted in ten years, calmly pockots tho cnsh, sud soys to the Covernwont: 4 Just go ahead and tax the peoplo; thoy'ro used to it now. Wao've spent our $20,000,000 of Credit-Mobilier stealings, and waut some 1moro." I'his {8 not the only plece of efironfery in ‘Lis romurkoble veport. 1t nppears that the Compauy, while cheating the peopls out of £9,000,000 of, inicrest alrehdy, has sold $6,000,000 worth of the land granted it by tho Governmont, and esthmates that it Los $35,000,000 worth of land ou hand yet to eell, BDorcover, while it has boen defsulting the interost due the Government on tho bonds loaned £ by sho pecple, it has The fact that the proposition to organize a now architect.ring for the rebuilding of the Court-Houss and City-Hall was embodied in & minority report in the Board of County Commitsioners yesterday by no moans im. plics that it is & minority mensure, The ring in the Board is quite equal to tho dodge of “putting up” a pretenso of opposition and of keeping it up until the docisivo voto is token, It will, morcover, boe maticed that the proposed allownuco of 4 per sont a3 architeet fees, which will amount to 100,000 if tho cost of tho building i8 lim- ited to £2,500,000, but which do not include the perquisites and stealings peculinr to the construction of public bulldings in Chiengo, tenves o very comfortable surplun to bo looked forward to by tho cight ring Commissloners whose votes will bo necessary to adopt Mr, Loxrenaax’s * minority " report. The prescnce at Epringficld of Mr, Hrsixa, a3 woll g his recont rupture with Bheriff AoNzw, will serve a good purpose if he suc. ooeds in exposing aud frustrating the steal vontemplated in the bill allowing 85 cents perday for dieting prisoners in tho County Joll. The suthority to tako this sum out of tho pockets of the tax-payers of Cock County would insure to Mr. Aaxew and his lobbyists & bonanza to the tune of §i5,000 per yonr and upwards, as it has been demonstrated that 15 cents per dey for the diet of each prisonor would leave o handsomo mar- gin. In tho face of tho fact that there ure in Chicago protuhly 12,000 familics of work- ingmen whese daily expenditnres for food do not oxceed an avernge of 15 centa per capito, and thot a proposition is now before the Board of County Commissioners to feud the jall inmates ot the samo rate, it will réquire a good share of Shorif Acwzw's prospective goins to indnce even the present Legislaturo to shoulder tho robbery embodied in tho bid in question. The Chicago produce markets wers gener- ally stronger yesterdny, with moro doing. Mess pork was in good speculative demand and 20@2%0 per brl higher, closing at §18.45 @18.50 cash, ond 818,55 seller April. Lasd wea alsoin good demund, and 12)@Le per 100 s higher, closing ot §18,874 for cash, bonght up and canceled $2,600,000 of other Londs. The Direotors report that the controversica with tho Government will soon be settled. This con only menn that they havo reason to Lelieve that their rocent nbsurdly outrageons proposal to * compromise " will be nccepted, Wo protest ngainst this, in tho nome of the peaple of the United States. That compro- mise, as we have nlrendy shown, makes the peoplo lose the only shred of security it now 1ins,—n second mortgage on the rond,—and gives thern nothing in return, All tho Com- pany promises to do s to pay for twenly years ono.third of the annual interest acern- ing on theso bonds, and for some years there- ofter one-half of auch intarest. In roturn for this grent favor, tho peopla are to let tho rond off from the payment of the §9,000,000 interest nlrendy necrued, pay two-thirds of the interest for twenty years and onehird thereafter, give up ils second mortgoge ond pay the whole princl. pall This barefaced proposition only needs’ to bo understood to ba rejected by the people. No Government can afford to take the erush- ing responsibility of accepting it. Tho re- port of the Dircctors shows that the Union Dacific can onsily payits debts to thouttermost farthing, and it should bo made to doso. If Attorney-General WirriaMs ennnot get it out of tho corporation, lot him make way for amnn who can. MATT CARPENTER, for in. stance. THE PROFOSED BUILDING LAW. The proposed building law for Chicago, the context of which wo have nlrondy printed, has been sent down to Springficld in the shape of anact to apply to all cities in tho Stato having 100,000 or moro inhabitants, Phis action has been prompted by the ob- stinate deloy in passing the mensuro through the Comman Council, and the supposed in- disposition of a majority of that body to adopt it. If thero were sulliciont intelligence in the Common Council to understand tho merits of the proposed law, sud sufficient intarest in the welfare of thd city to sce the necessity of lnving such a Jaw, thero would Lo no mnoed to go to the Legisla- ture with it. As it is, it is hoped thint tho Legislature will do what tho Com- mon Conneil 5o ignorantly refuses to do for {he safety of the city. The only question is whether the limitation of the law to cities of 100,000 or more docs not come under the constitutionnl prohibition of special legisla- tion 3 but this is still an open quostion, and it is ns well that tho Snprome Conrt pass on it in conneetion with thislaw o with any other, Wo aro informed that the Ohio and Indinnn Supreme Courts havo beld such legislation not to be speelal, Of course there in no hope for the passage of the bill without this clause, s thero ara no such good reasons for apply- ing it to tho other mmall incorparnted citios in the Btate, Weo lope, thereforo, 1t will be passed with this clause (1), that the limitaijon may bo passed upon by the Su- preme Court once for all, and (2) that, if it bo not unconstitutional, Chicsgo may thus enjoy n protection withont which all tho fire- engines in Christondom will not save us from disnstrous conflagrations, There is positively no valid objection what. over to the law. It is the product of tho best talont among the architects and mnster-build. ors, It has hnd the approval of the Chapter of Architects and the Boord of Underwritors, and of all tho lending master-builders. 1t has undergone very thorough rovision by experts, ond the present draft of tho law s thought to be complete and effective, It Is mot n law coloulated to oppress the middle and poorer classes in nny manner, Their in. terests havo been considered s woll as those of tho city ot large, and it is said that small and modest homes can be built; under the provisions of this law, at as low a cost as swithout it, with the differenco that they will bo cssentinlly fire-proof. The frame shnnties sometimes cost much more then Mr. Myers, of tho Farmers,’ Merchants' & Mechanics’ Savings Bonk, has found necessory for tho copstruction of fire-proof cottages, which can be built, under his plons, for $1,250, 1lis investigations into this subject have led to the adoption of the rule at that bank not to loan monoy for tho construction of any other than fire-proof buildings, The snfoty ot Chicago dopends upon the npplication of thix rule to the whole city; and this is just what tho proposed building law will accom- plish, Chiengo is the only great and prosporouns city in the world which hes not an intelligent and comprehensive building law, onforced oa rigidly as any other laws. Tha exiiting fire- ordinanco doos not supply the need in auy genge. In tho first place, it is altogether too general and too vague in its provisions; in the second plice, it provides no adequate wenns for carrying out and enforcing its ro- atrictions. Tho now law, besides the par- tieulnrity with which it proseribes the conditions for all classes of buildings, yrovides for the appointment by tho Mayor and Common Conncil of a Super- jntendent of Buildings, whose appointment is made conditional upon o cortificato of com- potency issucd by a commission conuisting of soven nroliitects, and likewige appointed by the Mayor. The Superintendent haa tho appointment of Inspectors of Duildings, sub- joct to tho approval of the Mayor and tho samo commisslon of architeots, and those practical persony are jnvested with authority to stop the construction of any building which fails to comply with the pro- visiona of the law, and also to ro- port violotors of tho law for the infliction of tho penalties described. Some snuch system ag this {s absolutely essential to tho futuro mafoty of the city., It will save tsx-payers millions of dollars {n tho destruc. tion of property, rates of insuranco, and cost of maintaiuing nn® unnecessarily oxponsive Firo Dopartinent. It is o measure in the lino of yprevention of fires, and, o8 such, is the only suggestion that is worthy to be enter- tolued at the present time, Tho Common Counell onght to pass it as an ordinance; but, it this connot be compassed, we hopo that the bill will be passed by tho Legislature, In the Brooldyn scandnl ense yesterday tho defenso continued their policy of roversing tbo order of things Ly trying Mr, TiLToN, whoso views on the subject of tho marriage rolations, friendship for fomale suffragists, personal fmproprietica of conduet, ote,, were givon oll all possible prominenco, Auother iudiseret lotter-writer was added to tho list in the person of & school-teackor named Miss OakLry, with whose style of composition the vender will, to use her own expresslon, * be ablorred.” ‘Thisgiftod instructuess was, in the outcome, laid on the shelf along with the othor witnosses whom Mr. ForientoN has disintograted. Boyoud a jlengthy necount of his own erratio flights through the illimitable domain of religious belicf, and a voguo men. tion of some of AMr. I'suToN’s {rregularitles in yoars past, Mr, OLives Jouwsox, in his tes. timony yostordsy, doss not seesa to have can. tributed materinlly to the world's knowledge of the renl matter nt issno—3r. Brrenzn's guilt or iunoconce. Mr. JonNsoN was equally cloudy and ambigous when, In roply to his merciless cross.examiner, ho stated that ho wns ** nefther n Spiritualist nor a d—d fool.” What is he, then? P R AN AMERICAN CAEDINAL, A cablo dispatch to the Now York Free. man's Journal announces that at n consistory to bo held at Romo on the 1ith inst. thero will b nppointed soven Cardiunly to il as many vacancles, Two of these aro resident in Prussin, ono in Belgium, two in Italy, and Archbishop Maxsixa, of London, and Arch. bishop McCrosry, of New York. Tho Col- lego of Onrdinals generally numbers about soventy mombers, including the threo orders of Cardinal Bishops, Cardinal Priests, and Cordinnl Deacons. A number of vacancies now exist. We believo that all the present Cardinals have heen appointed by Prus IX., who has outlived all theso who wero in oflico at the timo of his olection. Of the presont body thero is ono from Germany, two from Austrig, four or five Frenchmen, two Spaninrds, one Tortugucse, one from Guatemaln, ond ono from Ircland. The othors aro Italinns, Tho two now selectod from Prussin are two Bishops who have been imprisonod by the Government. Tho ap- pointment of Archbishop MansiNa is the first in Lngland since the days of ErrzAneTin Archbishop McCrosser s the first Cardinal appointed from the Unitod States, This ap- pointment of an English and nn Ameriesn Cnrdinal s an indication of a slight change in the policy of the Church. It, to a partinl oxtent, recognizes the principlo of rep- resontation, The Romon Cntholics of this country and of Englnnd constitute s numerons Lody of the membership of the Church, nnd in zenl and devotion, and in materinl contri- bution to the support of tho Church, excel, perhaps, auy equal number of the mombers of the Church, Tho monoy contributions from England and tho United States form n large part of the support of the Church gov- crument in Rome. Many of tho wenlthiest familics in England are of that faith, and are liberal in its support, The appointmont of Archbishop Maxnyrxae 1o also n recognition of his ability sud labors. An Englishman by birth, he has dono much for the Church in that country. The geloction of Archbishop McCrosker is, howover, more of a recognition of the Church in this country, and especinlly of the Church in Now Yorlk, than personnl. Though a very estimable and re- spectablo prelate, he is not ronked among tho ablest Bishops of the American Church, Ife is o quiet, unostentatious, and uneggress- ive Bishop, Mo ling not distinguished him- solf 08 o scholar, as n writer, nor as an orator, but the fact that he encceedod Archbishop Huones, perhaps, makes tho contragt in theso particulars moro unfavorablo to him than otherwise, There have beon recontly an in- cronso of Bishops of the Church in this country nud also an incrense of the number of Archbishops. The conntry is divided into a3 many provinces a8 tlero are Archbishops, and in cach of thesa provincea there area number of Suffragan Bishoprics, Now comes tho appointmont of a Cardinal, which will give an unity to tho organization of the Church government jn the United States which it has not yet possessed, THE SINKING-FUND POLICY, 1t is understood ot Washington that the "Becrotary of the Trensury is about to fssuo a call for the surrender of $10,000,000 of 5-20 bonds, the samo to bo redeemod on account of tho einking fund. Whother the £6,000,- 000 of such bonds called in under dote of March 1 is o part of the whole sum, we do not konow. We think this rademption of tho pub- lic debt for the purpose of continuing it in the form of n.einking fund ig n rather ques- tiounble policy. 'Tho United Btates had, up to July, 1874, purchased $141,000,000 of bonds for the sinking fand. But this pur- chaso hns not boen of nny relief to the public. The interest on all this swn of bonds is collected semi-amnu- nlly just the samo ns if tho principal lind not been paid, The burden of a debt is in the nnnual interest thercon; to consider the debt reduced by the amount of these bonds purchased is & practical absurdity, so long as tho interest in required to bo paid just the same. This nnnual intorest, to- gother with adirect employment of gold equal 1o 1 per cont of the total debt, is used to pur- chinse more bonds, and thus it goes ou, With this thirty millions of doflars added to the sinking fund, the sunual auount of interest collected of thie poople on the *“pnid " debit will be in excess of ton millions of dollars, being ane-tenth of the charge for interest on tho whole public dobt. Thae thirty millions of this year will be thirty-four millions next year, and with almost arithmetical progres- pion the direct tax upon tho comntry to pay the debt is made an intolorable burdan. Tho Secretary of the Treasury insists that this annnal purchase of an ever-inoreasing amount of the principal of the public debt is casontinl to maintaining the publio credit} ‘I'his theory is exploded by the fact that the Government hins redeemed over $150,000,000 of tho bonded debt in oxcess of what i ro- quived for the sinking fund. Wo think the theory unsound, bocause it is opposed to the expericnco of all othor countries, and to tho natural laws of national credit. In the first place, it destroys the market value of the na- tional bonds by introducing the clament of uncertainty into tho investment, A 40-yenr bond bearing i por cont i3 more valuablo ay an investment than a G-yenr bond baaring 6 or oven .7 per cent, and, whon a Lond js lisblo to bo called in at any wmoment, it loses its valuo s an jnvestment boyond its por valuo or mere intrinsic worth as an evidonco of dobt, Thoro is now but a dlfference of 2 conts in the dollar in tho currenoy valuo of the 5.20 6 per cent bonds of '02 and the mew G por ‘cent bonds, 'Ibe formner aro subject to call at auy moment, Tbey ore nof sought for ag an fnvestment, and have no market in other countrics. If $he Secretnry of tho Trensury would put on the market;s 40-year bond benring G per cont, to bo exchanged ot par for all the U por cents outstanding, it Is more than likely he would find a quick market for them, Buch bonda would bave the charac. ter of perumenoucy which does not attach to ouy part of the debt, Even the new & por cent bonds may be oalled in by the Beere. tary a9 early s 1881, Thoy aro the only nationnl bonds now outstanding that immy not bo called in at auy time. The wholo bondod dubt, therefore, i4 of the character of & temporary loan, subject to paymont at threg monthis' notico, aud Is for that yeason les desirable as un juvestwent, hoth at home nnd abroad, then bonds at o less rato of in- terest and havingalonger tiame to ran, The publio credit is not to be muintaived by a sort of duplicato payment through the ma- chamcter, and giving to them the quality of long invostmonts, This would in no wise prevont the Gosernment applying its surplus roventes at any time to the purchase and ox- tinction of portions of the public debt. 1t {8 n notablo fact that the holders of the nationnl bonds are not importuning the Gov- ernmont for payment. All theso bonds are at or nbove par, and that class of creditors aro entirely content. Whero the Goverument cradit suffors ia in ita overduo paper, ihich it mnken no effort to redeem, and which is so doprecinted that it provonts a roturn to lon- ost valuos and honest monoy. It koeops the trade of the country unsettled by producing a fluctuation in the currency ns violent as it in irrogular, ero is where the publie credit not only sulfers, but where its dorangemeont disturbs tho whole commerce and trado of tho country, wenkons the credit, retards the production, and incronses the debt of tho pooplo nnd of all the municipalities, It nocessitates o larger annunl expondituro for all purposes by the Government, necessi- {ntes an oppressive taxation, and is the source of many evils, The bonded debt of tho country is no enuse of nnxioty. No legisln tion, nor sinking fund, nor aunual payment, is required to keep that at par, 'Uhat portion of tho publio dobt will take care of itself. ‘What is needed in order to placo the credit of tho Government and of tho peoplo on a sound footing ia tho reform of tho curroncy—its clavation to cain valua; aud to this end tho sinking fund is an emborressmient rathor than nn advaniago. THE REGISTRY LAW, Tho bill ropenting the Registry law in this Stato hns passed to o third reading {n the Senate by 22 nycs to 15 noes, 14 Senators ab- sent or not voting, The bill is in substanco n bill to abolish legal clections in Chicago, in- nsmucl as it will bo simply impossible to liave no honest election in this city without a registry. Its repeal will romove the only safeguard that now shields tho ballot-box and guaranteos auy purity of elections. Do awny with the registry, and tho election polls are at ouce cxposed to frauds and corruptions of the most wholesnlo deseription, The ballot-box- stuffer, the repeater, roughs, and rowdies will control them, and tho respeotabla class of the community will be defrauded of its rights and lavo no remedy, It cannot hopo to redross itsavrongs by conteating an election, beeause it cannot expose the frauds. Now, overy voter is registered by namo and resi- donce, nnd his vote is numbered to cor- rospond with his numbor on tho register, or, if he is not rogistored, his vote has to be sworn in so that it can bo identified in ease ofi necessity, Tho ballot-box-stuffer or re- peater who rogisters himself from n vacant lot, or & wood-pile, or a hole under the side- walk, or o hay-loft, can now bo identified ns n fraudnlent voter by means of the registry, and hundreds of such have beon discoverod in tho Aldermsnic contest, for instance, in tho Twentieth Ward of this city, by this moans, Do away with the registry, and Chieago will bo at the mercy of the criminal and disroputable classes, and honest and re- spectablo people can have no romedy. The Legislature might just as well pass a bill to abolish eclections in this county as to pnss a bill to ropeal the Registry law. Tho two nre synonymous. Of courso, in the rurnl districts, whero the voters in towns and villnges are acquainted with ench other, where every voter knows evory other voter, and a frandulent vote can be detected instant- 1y, thorois littlo neceasity for o rogistry ; Lut in o large city like Chicago, where people are unacquainted with each other, where & voter doos not oven know the other voter living on the snme street with himself, thero can be no protection ngainst fraud oxcept by record. ing voters so that they can be identified in cnse of necessity, For these reasons we hope that the Governor will promptly veto the re. ponl if it is pnssed, and compel the Logisla- ture to pasait by thio two-thirds vote, et theso men who want to place the batlat-box in tho hands of the disreputable classes and defeat the will of tho honest voters by vio- lonce and frnud go upon the record in favor of it. MINNESOTA RAILROAD LEGISLATION, Ono yenr ngo the Legialaturo of Minnesota passed nn act similar to the Railrond law of this State, Three Commissioners appointed by the Governor wera empowerod to pros geribe maximum rates of fare and freight, which were to bo accopted in all courts as prima fucis ovidenco of what were reason= sblo rates; and any railroad company con. victed of chorging in excess of the Commis- sloners' rates was to' be deomed guilty of extortion and to bo fined thorefor, Tho Buprome Court of the State having affirmed the power of the Legislature to regulate tho tariffs of railronds chartered by it, the com- panies had to ¢onform to the law, A briof trial convinced tho people that it was jnexpedient. Tho State was not in con. dition to repel tho appronch of capital, It contnined o vaat srea undoveloped that would remain so unless capital wero drawn thither, No rond in the State could daclare a dividend, and comparatively fow ware abla to meet their obligations, Beveral wero In the hands of Recoivors, Tho folly of harnssing’ such enterprises with burdensome restrictions be. cama apparent; and, whon the Legidlaturo wet, o strong disposition to repeal the law way evineod. This was nccomplished by sub- stituting therofor o moderate bill, It pro- vides for the appointment of one Rallroad Comminsiouer, whose dutios aro to jnquire juto the noeglect or violation of tho laws of tho State by any railrond corporation do- ing business therein, to examine into tho con. dition, equipment, and management of tho various ronds, aud to report sunually to the Governor such foota and statoments as will disclose the working of tho railrond system of tho Btate, Unjuit diserimination and extortion are prohibited by makiug it unlawful for any rail- rond company to chiarge nuy person or per- sons p groator sum for a lke service, from tho same ploce and upon ike couditions, than is charged any other person, or fo de- mand or receive An unrewsonable price for tho transportation of porsous or property, or for hundling or storing freight, or for the uso of its cars. Upou couviction of viola tion, the company 14 to forfeit to the party aggrioved throo times the sctual damages sustalned or over.charges paid, togother with tho costs of sult. Anotlier provision—which might have been improved by enforcing pub- lication—requires that all drawbacks and con- (racts for specicl ratos shall be alike open to all porsons under similar circumstances, ‘I'he companies are thus simply placed under tho comuon law, This nct took effect upon ita possage. It concedos, by fmplication, the commercial ne- ceusity of just disorimination, and alfords the poople all necdful protection ngainst extor- tion by throwing upon the companics the onus of proving that their rates ave reason~ chinory of a sinking fund, but by taking | abls, from be national bouds thelr temporacy The vrompt pansage of 80 equitabls & mess- uro will go for townrd restoriog tho confl- denca of capitalists in tho intolligence and Jjustico of the peoplo of Minnenota; n@l, unless Towa nnd Wisconsin speedily manifest n slmilar roturn to modernation, she will ount- strip thom in the raco for advancemont and mnterinl wenlt! known, as much might besaid of other men who aro or haye boen ailing. Anu?:::'e: npleuons instanco of dofective vanttation 1y sfforded by the Bekoren isinl, Tho Jumme * who falntod nway ssoribed theie faliing ot mediatoly to the want of good alr, Wit : = Ohicago court-rooms are, tho Judges and one e two Grand Jurlos Lave abundsntly testided, T:l $roublo in moat cases s that no provision y, . boon made for ventllation from tho flaor, o) air la not Jightor but hoavier than good g, 1 doos not, at the normal temperaturo, m.‘ by aluks. vl THE BTATE REVENUE. The Iouse of Ropresontatives of tho T nois Legislature bas, by nearly an unanimous voate, adoptod a resolution to amend the pres. ent revonue articlo of the Constitution by re. vorsing the order of tho two systems of taxa- tion theroin provided for, nnd making the tax for Stato purposes by valuntion o secoundary nuthority, 'I'o rench the end sought we do not beliove any amendmont of the Constitu- tion noceasary; we belicvo (he Legislnture hins now all the powars that it will have in cnso tho amendment be adopted. Still, thero i8 no harm in submitting the amondment to tho people. If this reform in the mnode of ralsing State rovenue bo made, it will mark an ern of increased prosperity and financial eredit in this Btate. It costs now 20 per cent, ns wag shown in the discussion, to col- loct tho State revenuo; or, in other words, but 71 cents on the dollar levied for Stato taxes find thelr way to the State Treasury. The proposed revonuo will not cost 2 per cent to collect it. Under this now system tho farming and oll other lauds will bo re- ENOYCLOPEDIA BRITANNIOA, If noy one festurs of the prosant age Wy [ moro olearly than anothor its tendoncy to by diffusion of knowledgo and its domands {, thorough, exhiauntivo information upon al) o fce, that featuro s assuradly its abundapce '; ¥ encyclopeding, Tho numborof those m-mhn of information 1a growlng rapldly, Ell‘llnrad: tlons are being roplaced with now oneg slora] with the Inteat additions which the progress " scioneo has discoverod, Indeed, with the lut worka boforo us, it i hard Lo 00 whot mprory. ments can bo mado fn thie vaal departmant ,,; 8 public inntruction, Among thoso whlcl aro oy - issuing in revisod form is tho Encyclopey ritannica, olited by T. B b . of Bt. Androw'a Univoralty, Bootland. sud pop, lishod {n tho Uniled Biates by Lirrer, Buoy & Co., of foston, which 8 undergep, now it nluth odition. Tho work te lssseqyy ©- twonty-one volumes at tho rato of throonyey, ~ tho subsctiption prico boing 69 a volume, T, lensed from Btnte taxes, 'Thera Wil | firgt volume, now out, containa 908 . " Ppagos, e boe no nssessment for Btate purposes. | sive of stosl plates and profatory nfiuum.:, Tho subjoct of local taxntion for | contains troatisca from the indofiuito artiley county purposes will be remauded to the counties. Ench county will moke its own agsessments, make its own levies, and collect its own toxes, All its taxes will bo for local purposes, and it will not be required to mnke good deficionces in other countics. Each county will have exclusive control both of its nssessmonts and rates, subject only to tho genoral law and constitutional limits. Tho rofdrm will bo o blessing to the peoplo of Tilinois, and more than anything elso will encourage capital to come hithor, In the genernl desolation of oppressive and ruinous taxation, Ilinois will bo conspicuous for its wise, economical, and liberal Jaws, The State itaelf will want but little rovenue after Jan- uary, 1876, An annunl ezpenditurcof a mill- jon and o half will meet all ita wants. Wo trust tho Bonate will pass this resolution unanimously. DEATH OF CIVIL-SERVICE REFOLM, Aformy 1 order bas beon iseued from tho varions Government depariments in Wasl. ington, aunouncing tho abandonment of the Civil-Service Roform rules which have gov- erned the nppeintment of subordinates, and abolishing the sub-bosrds of the Civil Servico TRoform Commission throughout the country. Henceforth the only cxomination required will be before the Chief of tho Buresu and two clerks. In other words, thero i a virtual roturn to the old system of patronage, con- trolled by Congressmen for party purposes, This abandonment of the effort to reform the Civil Sorvice of this country is simply the fulfiliment of the notioo given to Congress by the Prostdont in his Inst sonual message. Ho then told Congress that, unless romo legisld- tion were ndopted to carry out the recom- mendations of the Civil-Servico Commission, he should not continuo his efforts to intro- ducs the reforms suggested. Congress failod to pasa any such legislation, and also fniled to make any spproprintions for the applica- tion of the proposed reforms. It s no wonder, under theso circumstances, that the President has nbandoned the work; the only wonder s that he lLes carried it so far and so long by his simple personal offort, and under discouragemonts from all sides. 'The reform has beon opposed in Congress by both Republicans and Demo- crats. Men like Burrenin the Iouse and ‘Loaax in tho Senate have openly denounced it, nnd the Democratie sidohas had nothing but eneers nnd ridicule for it, 1In this matter, howover, the President has reprosented the interests of the people and Cougress has not, It is worth while to re- call at this time that both the Republicon platform aud the Democratic platform, adopt- od by the National Conventions of the two partics in 1872, contnined an indorsoment of the Civit-Sorvico Reform. The Cincinnati platform said : **Wa theroforo regard such thorough reforms of tho Civil Service as ono of tho most prosaing neeessitics of tho hour,” Tho Philadelphia platform sald : Fifth—Any system of tho Civil Servico under which tho subiordinste positions of tho Govornment are con- aldered rowards for mere party real, I8 fatally demor alizing; and wo, therefore, favor a reform of the zys- tom by lawa which shall abolish tho cvils of patronage, and ranke Lioucsty, eficiency, and Bdelity the cesrntist qualiications for publia position, without practically creating o life-tonure of allcs, Thus it will bo seen that the politicians have nullified the pledges of both parties, and forced the President to abandon & reform in which ho had a genuine intorest. tho Vascular system under the head of Any. thy, leaving for discussion in the second voluz, tuo digestive, reapiratory, reproductive, uy uripary systems. Tho abm of this work 1y ¢ blend in the most satisfactory mauner the popr. lar and sclontifio exposition of subjacts Lrent, sud to give s counected view of the mors jy. Portant subjoets undor one head. Tho spaco, fordod for oxtended oxposition has secured fyy sorvices of the more indopondent and prode, tive minds ongaged In advancing iy own departmeuts of eclentifio inquiry, N, work hos fhus becomo ap instmme; ag well 88 a rogistor of pclontiflo progress, Ty vesult of this plan I8 & worles of sxtiolesof) most oxhaustivo doscrintion. For instance, tky subject of Aeranautica ia troated in tweuty pry:y =« of quarto mizo, with six stecl ongravings | soveral wood-culs; Agriculture ocoupies 13 poges, with seven woll-oxcouted stool plater; K¢ Algebra la oxhausted by on claborate troady covering Bity-one pages ; Awerica, includingity geography, litorature, ete., ia touched upmis sixty-six pagea ; whilo Auntowy, 8o farasiy treated 1n tho frat volumo, covers 199 psgu, with a large number of wood-out Hluatraticns and fifty-threo stoel engraviogs, An idea of 11y scopo and thoranghness of tho fnvestigation subjects may bo gathered from thedo fan Typographically considered, thio present editin 18 a groat improvemeut upon ita predecerscr; tho type is olear and logible, and tho illuatraticy remarkable, Tho second volumo, which Ia nowiy press, containa twonty-clght new articles fra tho pens of cslebrated writors, and will showy be isaued. - —_————— Inatead of Jolntng the T{mes 1n s effort to prosty Tocal politics by exposiug its corruytions, tha peot il Tauaunz, placen fteclf Aquarcly on fho' elds of thioves, detmogogucs, and weslawage who are Impiis.e] In thnexpoac Of b Tuanes, Thore ara $0ie Rat for this, ~T¥mes, 3 Yes, thore is some reason for it, viz.: Tm TutsUNE I8 not convincod that tho bost way et purifying local politica is by porpotrating grou aud caadaloua libels on privato cltizens st public officers, snd, when judicted by the Geza! Jury therefor, crawl out of tho scrape by pz» lishing abject rotractious ; it thorefore respd: tully declines to ** join * tho Zimes in that mol: of * purifying local politics,” Nor doocs Tar TRipUSE feel autorized Ly soy informationis its poseession to pronounce Judges Bropitn and Wittaxs ond State's Attorney Rtv » thioves, domagogues, snd scalawaga'; norty mako soveral columns of infamous and obreiy cbarges ngalost thom, ‘TuE TonoNE begs tot excused from Joining tho Zimes In blackguid slandors of tuis sort under thie protaxt of *puk fylng local politica.” It profors to bo conalel out of such company. — Anew epidemic, more dreadful to the frib fonable world than tho mensles, is slowly wuls ing its way weatward from New England. It = - tho spelng-mateh. 1t broke oot tirst in Maw- chngotts, belng conceived for the beneilt o some charitablo institution, and it has now gxar 28 far ponth as Virginis and sa for west 83l disna, Of courke, 1t would be very tronblexa? for the feshionablo people in tho citics to salt an attack of tho prevailing complaint. T young folk who waltz **lovely” do not, 113 genoral thing, spell ¢ lovoly;" aud it so happees - that many of tho pupas and mammss ver |l born in a garret, In a kitelion bred,” and ¢x0- not bo oxpected to apell at all, And lot Lim thst atandoth toke noed lost ho fall. The first pescd | to go down in tho Indisnapolls match, ’ Weduesdoy night, was Prof. W, A, BrLy, edtr of tho School Journal, who spolled his fisstword 5. alledgod;” and » young lady in Provideocs, I 1., lost a first prize by epolling *syliabub” lo- stoad of *alllabub,” Heor orthograpby la g:0! ohough for most of us. bt oS 3 Mr. CENEY, the Ropublican candidate forGr- ‘emor futhe Now Hampsbire oleotion of Taedfe wes rocommended to tha popular auffrage by the pross of bis Stato on tho score of his greatlin manity to the workingmen cmployed In Lis mils ‘Fhough wages havo beon reduced soveral Hees duting the laat two yoars by the othor mill-owir ors in New Hampshiro, Mr, Crirazy haa kept vp the 0ld War-rstes, He In bridging over thoket timos for his operators. Thero seoms t0% .- somp doubt at tho prosent writing as to whetks tho operatives gonerally tlroughout tbe Bkte Dave bridged over {he Liard timos for himy b tha presumption is that they havo, R e e Tho Mayor’s bill passed yesterdny by tho Tllinols Senato dlffers in one important par- ticular from that which expired with the Municipal Administration Inat preceding, that of Mayor CouviN. Mr, Kenor's bill gives the Mayor tho power of appointment with the concurronce of & majority of the Aldermen cleeted, but deprives him of tho absoluto power of removal by providing for the rein- statement of tho officer 60 romoved, in caso the Common Council, by a two-thirds vole, shall disapprove of suck romoval. This provision, as the Council is now constituted. wouald in most instances socuro the remioval, for cause, of the Mnyor's appointacs, but it leaves a loophole through which, nided by personal friondship and other considerations, a notoriously bad official may esenpo romoval, 'Tho bill also perimits the Mayor to veto items of appropriation at his discrotion, without endengoring tha entire ordinance, as is now tho onse. Somothing is necedod to raise the offico of tho municipal executive of Ohicago above the dignity and conseqnenco of a mere figurolicnd, and, such being tho purpose of Mr, Kenor's bill, it ought to, and probably will, pass the House and bocome a law. Smmmp——— - mme— EmEET Dowa Bouth tho ssloon-keopars Lavo I8 greatest difliculty in dofinlng tho word *Im Tholr establishments, thoy gay, cannob by 6§ propar usa of language bo so desctibed, and 89 g not, therefors, ameusble to tha operation of W Civil-Rights il So the poor, sulfering 26 = * cannot take his poleon without regard toTst: color, or provious condition of sorvitudo at! Congresa comes to his rollef sgain. The New Havon Palladium cruolly ssys W8 whils Mr, Jax GoULD's organ was assalliog b Paciflc Mall Bteamsbip Company, Mr, Jay Govt? waa taveuting Io ite atocks, of which it no¥ e poars ho holda 100,000 aiores. Tho orgas, it 3 proawned, will not want any more investifsiol noxt gession; and it mey even clamor far 854 toration of the last aubsldy-privilego. ———— A mourntul thing It s to \haBPfl“@":’; Iepublican, which is, a & zulo, coursgeous u outspokon, dofanding aund praising the Tflhn. drafted by Mr, Dawzs and passod by the ¥ Oongross. ‘Tho Republican is thoe orgad of Mr Dawrs sud tho Now England mmuonlfl; thiough God-fearing snd independont ¢a00E® olher respacts, Dr. HoLranp, in the March Scribner, gives gomo. Intoresting results of the womau-snflrago exporiment ta Wyoming. Ile liaa been informoed thet the women who havo decont huabanda gen- orally vote as tholr husbands do ; snd the votos of respsctable women indepondently caat sre balsnced by those of the disreputable clsss, The facts s etated, it in well observed, dovot touch the question of thoe justice or injustica of extouding the suffrage to wowen, but mesely the policy in- volved. Now the opponents of woman suffrage clalm that the queation of polioy is tho only oas that sclenco permite us td disouss. What does Dr, HoLrap anuwer to that? ———————— The truo principles of ventilation, though they have been long sought after by sofontifio men, are still far from being understood, The Hall of Representatives at Washington, It is well kuowz, {8 this respect s monument to the iguarance ot tho architect who constructed it, During the Iate all-night sesslons, the atmesphore in that Lall becamo almoat nuoudurable. Tho Lealth of the Iate Jomx B, Kiox was vory much Impalred, it Is sald, by his enrorcod attendsnos in that noxious plecs) ad doubiless it the trulh wers ——— No active monsures have yot beon teken fot the repriovo of the Doston boy-murderer, J e Poxzuor. No petition has been urged, 82 i word hoard for a commatation of his nn(!:" savo the recommendation to meroy of tus ! which condemned him; snd it is bellov the Governor sad Counoil will ordes bls #165%* tlon, e S W A paragraph which Las been golo tho mun:l of the pross conceraiug & speech lately msde .’ Gen. Fomuest, of tho Confederate -rDYv.' 1 Muldon, Tenn., bas boon generslly & . on Internal evidence. Nobody blisved that 8% men in hia senves, even in Jo Fopuusr's 80 would nse such language sa thlss **X ibisk = is to be ssother war, and, when it oomsh 4 pollsy Wil bs 10 ralse W black fag SiA