Chicago Daily Tribune Newspaper, May 28, 1875, Page 4

TERMS OF THE TRIBUNE. RATER OF SUBSCRIPTION (FATARLE £X ADVANCE), Postage I'repald at thia Ofiice. wero quiet and tamer. Flour was dull and stendier, Whent wns in better roquest and 1c higher, olosing at 94jc cash, and 05}a for B13.00 | Weekly, 3 June. Oorn waa sctiveand 20 higher, closing 6,30 [Fivs enpies. at 653¢ cash, and 63]e for Juno. Oats wera 2.0 active and 1}o higher, closing at G0a for June. Rya waa quict and ensfor at $1.04}@1.05. Barley was dull and woak, closing fim ot 21,20 bid. Hogs wera fairly nctive and 15 lower, closing steady; the bull of ealos at 20,85@7.25. Cnttlo wero quiot and steady. Sheep were firmer. } Fartaof ayesrat thy ssmorate, WARTED-Une actire sgeut i sach town aad village. Bpaclal arrangements made with suet. Epecimen caplos sant frea, Ta prevent delsy and mistakes, be wure and gire Post. Offea addres 1n fall, {noluding State and County. Remiitancesmay bomade eitherby draft, ezpress, Poste Ofucaarder, o In ragistored lotters, at oor risk, TERMA TO CITY AUBSCRIDERS. Daity, delivered, Bnnday excopted, 25 conts porweek. Daily, delivared, Bunday Included, B0 cents par woek. THE TRIBUNE COMPANY, Ison and Dessbos Chloago, Ll 'S AMUBEMENTS. A general feeling of plensure and gratifica- tion, not unmingled with relief, will be expo- ricnced among the renders of newspapers now that Judgoe Ponten has finished his tira- some dintribe and Mr, Evants, one of tho most dignified and polishod members of tho fognl fraternity, hns begon his argument. His firat day's remarks aro a delicious change from the stuff which Ponten inflicted upon a pationt aud long-suffering public, snd give promise of soms oxcellent rending matter for the next fow dnys, Mr. Evants’ keen, in. cisivo satire, though finished and grace- ACADEMY OF MUSIC—Halted streat, batween Mads saom and Rinnro; Kogagsment of doba A. AteTect “*Danlel Houns.* MOOLEY'S THEATRE—Randoloh strest, between Clarz and LaSalle, Kmerson's Minstrols. M'VIORER'S THEAT) Deathorn and_Biate, ** Damon and Prthisa," ADELPHI THPATRE~Dy foe. Varisty Entertainment dison street, between omony of Chtlss Pops, rn street, comer Mon, The Courler of Lyons.* TY MEETINGS. 5 ful withnl; hie clover analysis and — skillful dissoction of the cudo; his oi’..f‘,ls‘fil'.’.‘lm'&’.‘??fi?).‘.".An.‘,’.fmf%"cna"&;:fi ologant rhetoric, made np of clean. '-'3'::T&’;i‘fl‘Ry‘f»':'-'(‘u"n'l'"zfa"fifla'r.md“"”' "' cut sontences and flnely-rounded peri- i N\TUOKER, 8ac'r. | o35 will Do epjoyed snd appreciated TWASHAINGTON CHAP ovan by thoss whom they fail to con- Gongocstion thin aliarncon vince, aud tha fabrio he builds will bo ad- mired for itsbeauty if not for its permanency. His srgument cannot fail to have great weight both with the jury in the conrt-room nnd the jury at large, and, for tho first time FREAITES F o -‘31‘,{,"3.';,'3 sinco tho defondant himsslf left the stand, Baa him in pee hep wife Lia' foma | v, Brzcireigs sido of tho oasa js holding its 1 b, i et £l com- ‘on! | ont! oneof tiia slements of ik N aauiical o per plezion that Timo annbi del The Chidags Tribune, Friday Morning, May 28, 1878 own. A part of Mr. Evants' efforts will be wasted in overcoming the bad effect produced by Judge Ponrrn's ill-advised tactics, bnt, at tho rate ha has begun, Mr. Braci, when ho comes to closa tha easo for the plaintiff, will have 1o orsy task to remove the impression which Mr. Evanra seoms cortain fo leave bohind. ‘¢ THIRD TERM' AT REST. No political wensation was ever sustained #0 lopg a time on so small a enpital as that of Gen. Gpaxt's alleged candidature for a third torm. It never had sauy foundation. Thero was never any ovidenco that Gen. Graxt had exprossed o desire or willingness to stand s o candidate for ro-clection. Not ono of his friends, appointees, or political as- soclates of any character or prominenco las ever suggested his candidature. Notn singlo daily newspapor of amy position or in- fluenco bna indicated its intontion to advocate Lis ronomination. There has been no such suggestion made by any State Legis- Inture or Republican Convention. *¢Third term” was first flauntod out by the New York Herald ss o newspapor sonsntion ; but, long aftor that journal had exhousted its ro- sources and ingenuity, and had begun to rid. ioulo the bugbear it had brought out, thore was an echo of *“third term " in the second- class, provincial Democratio nowspapers that was sustained only by its constant repetition. An oft-repented tala acquires o semblance of truth even when it has no intrinsie claim up- on credibility ; and on this account it is prob- ably o fortunate circumstanco that the Re- publiean State Convention of Ponnsylvania has formally declared against a third torm, The Pennsylvanin resolution on this sub. ject in 50 woll expressed that we desire togive 1t additional prominence by reproduction. It reads: Resnlved, That we declare s irm and unquahified ad- heronce to the unwritton law of the Depublic, which wisely, and under the sanction of the most venerabls of axamples, limita the Preaidentialsarvice of sny citfe 2en to two terme; and we, the Republicans of Pann. sylvania, in recognition of this law, sre nnalterably apposed to the elaction to ths Presidency of any per- son for a third teym, Wo beliove that this oxpresses the senti- ment of ninoty-nine out of every one hun. dred citizons who vote tho Ropublican ticket, It is in no sonse directed sgainst Gon. Graxt, who wes leartily indorsed by the same Convention which adopted it. Gon, Grawt’s public services, and his succesaful administration of the Government during two terms, divest this resolution of overy suspicion that it was aimed at him, and he has done nothing personally to call for jt at this time, But it is a resolution which might be ropeated ot overy Stats snd No- tiona! Convontion that is held with just as much propriety a8 any other of the goneral propositions usually contained in a party platform. It has become, by tradition and by popular sentiment, one of the cardinal po. litical principlos of this country. Its uttor. anco now is ospeoinlly timoly, a8 it is calen- Iated to quiot tha apprehonsions of any nervons people who may have become undoly excited over tho matter. The Ohio Convention eannot do botter, for the sama reason, than to incorporats this resolution in its own platform, o it probably will do ; and, after that, we fanucy thatthird torm will bo heard of no more oxcept as State Conventlona may think proper in the future to repeat the sentiment, Itis worthy of note that the President, on the samo day of tha Ponnsylvania Conven- tion, took occasion to refer to his successor, fn his apeach to the Indlans. It was, of conrye, A more coincidence, but the peculiar and pointed manner in which Gen. Granr used the torm admits of the belief that he desired, in » becoming way, to give public 1u: acn, An awfnl calamity occurred last ovening at Hotyoke, Mass,, whero n Catholic church, crowded with people, took fire from tho altar- *draperios, and seventy-five persons, the most of them women and childron, were either burnod, crushed to denth, or fatally injured. The chango in tho postal laws, effected by - tho Forty-third Congress for the benefit of the express companies, Los seriously diminished tho income of the Department upon third. class monil matter, and the Postmastor-Gen- eral will recommend & ropeal of the injurious amendments. A visit wns paid yesterday to the President of the United States by tho Papal envoys now in this conntry. The Holy Father at Romo had especinlly desired to tonder the compliments of the sieason to the hoad of the American nation, and that was what it was all about, A nent rebuke to Gov. Hazpiy is embodied ,in our Kansas City dispntches, which state that the grasshopper agaro is rapidly abating, sud that, as s feoling of rojoicing hns gener- slly taken tho place of dread and gloom nmong the people, the Chief-Executive will soon bo called npon to lssue & proclamation for a day of thanksgiving instead of fasting and prayer. The Towa Diocesan Convention still hanga firo on the eloction of Bishop. Ten ballots have been had, and no choice ms yet, the clergy and tho lnity being wide apart, The former have, thus far, stubbornly adhered to Dr, Ecorrston, of Philndelphis, while the Iny dolegates s persistently profor Bishop GannerT, of Texns, From present appear- Ances, & compromise candidate will be neces- sary to terminnto the dead-lock. S —— = An overture by the Goneral Assembly of the Prosbyterian Church, inviting the various branches of the Reformed Church to unito *in holding an Ecumenical Council, is declined by tho General Synod of the Reformad - Ohureb now in session at Fort Wayne, Tho lattor body, while cordially sympathizing with the proposed movement, respectfully re- fuses to toke part in it, for the reason that the Reformed Church represented by the Synod recognizea the Hoidelberg Catochism as tho only confession of binding authority, while the proposad Council contemplates par- ticipation only by such Churchos &8 hold to the Westminstor Confession. waste, corrnption, and inefliciency provail in every Dranch of tho sdministration of the Government of tha United States ; that igno- ranco and personal worthlessness predomi- note inlegislation; and that the grand ex- perimont began a century ago is a failure, Al this is dreadful, but what if the Standard had known that the Ohioago Aldormen are under the charge of contempt, that Mayor Corviy I plotling for another torm, that the Sunday-Afternoon Lectars Bocioty is drawing people who ought to bo st chureh, and that Jox, Forurer i writing poetry !—what would it have said then? Waare glad that the full mensure of our troubles Lins not reached the Imowledge of this ‘¢ blarsted Britisher.” The Presidont’s plaln talk to the Sloux Chiefs made 8 marked impression upon those guileloss children of nature. They came to | Rotice that he nelthor resposts xor ‘Whashington, it eppoars, propared to take a | desires & ronomination, The Presi. lofty stand in veforence to the proposed ces. | dont could not havo made a for. mal ddclination of & ronomination that had never boen tendered to him, but when ho apesks of ‘‘my successor and other Ad- ministrations” in connection with an Indian treaty, there iz a strong intimation of the intention and deaira to retire af the end of his presont torm, If Gen. Gmuwr Intended that this construction should be placed upon his reference to his successor, it was cortain. ly a graceful way of disavowlng the third- term aapirations attributed to him; indeed, it was about tho only way he could bave chosen conslatently with hie high oftico and solf-vespoot. Taken in conneotion with the doclaration of the Peunsylvania Republicans, we may safcly prediot an ond to third-torm speoulations on oll sides, and we aro heartily glad of it. Ths subjoct hed becoma tiresome, S ——————3 Test the New York World, which has do. votod so much time and bad temper to lectur. ing other citios for their loox of precautions against fires, should overlook the faot, wo beg to call ita attention to & report made by Mr, HannisoN, of the New York Board of Underwriters, with reforence to the hotela of that city, Mr, Hannisow says that the 40,000 or more guests of tho aixty.nine hotels are exposed to doath by firo; and that thoss who ave rosponxible have beon warned of the dan. ger by experts, but that only twalve of them have nade any corrections, which leaves ifty. seven hotel firo-traps in New York City, Doea the New York World understand thisp Wil it not call npon the owoers of the buildinge to make thers safe from fire, and, sion of the Black Hills, for which they ex- pected to rocoive an equivalent nmounting to sbont $15,000,000, payable in Afteen yearly lsanes of food and supplies of $1,000,000 sach; but they had mno fdes of sbandoning the wide rangs of coun- try which the northern Bioux tribsa now call tholr own, The eflcct of the Great Father's clear and forcible oxposltion of the eternal logia of eventa was very much in the natave of a wot blanket upon the tawny po- tentates, and the hearts of Brorren Tar and Bep CLoup are nccordingly enddenod and subdued. Having tried impudence and rudoness to no purpose, tho Chiofs may now be expeated to full back upon the pathetic dodge, and talk abhout the homes of their fathers, their original ownorship, ate,, with hare and thers an intimation that they will die sooner than vacate, They will prob. ebly be afforded an opportunity to maka the cholce, and there necd bs no fear but that thelr preference will ba for rations in tho In- dian Territary as againat bullets in the north. orn Bionx country. seece——y——— The Chieago produce markets wore steadler yesterday, with » betlor fecling in most de. partments. lduss pork was active, and 350 por bel higher, closing at $19.62} cash, and $19.00 for July. Lard was active and lrregu- 'lar, dlosing 25¢ per 100 lba lower, at $14.12} + eagh, and §14,85 for July. Meats weroin moderate domand sud firmer, ab 7o for akoulders, 11j0 for shozt sibs, and 11} for. short clears, Highwines were qnied and 1o peeer, sh G118 par gallon. Laks fraights THE CHICAGO TRIBUNE: FRIDAY, MAY 28, 18705. it not call nupon the insurance ompani withdraw their capital? Something ought to be dono, and ss the World has charge of tlieso matters thronghont the country it cer- tainly onght to mnke theso hotels do the fair thing or clso take away their insurance at once, THE ERIE RAILWAY. ‘Theappointinent of a Receiverio takecharge of the nffnirs of so colossal a corporation as the Erio Railway is nn ovent of more than poss- ing interest. Tho stop Bcems to havo been inovitable. The road, according to tho state- ment of the Fivancial Committeo rocontly appointed to investigate it, §u on the verge of bankruptey. ‘This condition i the result of a sorics of oxtravaganees, errors, and frauds in its management, the relative responsibility for which it is not our duty to fix. DBut that one of the oldest railwny corporations in the country, possessing nnturnl advantages rarely aqualed, shonld bo bronght low, after many yonrs of prosperous business, {s of itself suf- ticiont evidence of the goneral allegation wo Lavo wade, The Erie Rallway Company is the succes- gor of the New York & Erie Company, which was incorporated in 1832, 1In 1850 it8 aggregate debt and capital stock did not ox- cood $37,000,000; ils operating exponses woro but a little more than 62 per cent of its gross earnings, and it pnid an equivalent of 8 per cent on all its linbilitics nnd capital stock. Had the Erio Road been private property, and managed with the same care, oconomy, nnd honesty of a well-conducted private budiness, thero is no queation but that its condition to-day would have been rolatively a5 good s it wns then, if not bettor. In 1859 the Now York & Erio Railrond was put in tho hands of a Receiver, owing to - internal dissensions smong the stocklhiolders, the result of which was 6 compromise and the reorganization of the Company undor the name of Erie. In 1862 the nggrogate stock and dobt amounted to 39,630,675, In 1864 the policy was in- augurated of acquiring new connections by loasing lines, ond for the next fiva years the operating oxponses were incrensod constantly, until, in 1867-'68, they smounted to B0 por cent of tho gross carnings, Then cameo the Gouwp and F1ex managoment, the character of whosa oparations js very familiar, and who, in four years, sdded 40,000,000 to tho capital stock. The totnl linbilitics of tho Company, as gathered from Mr. Jewzrr's statement of its affnirs, are as follows : CApltal 880CKuvaersves 18 80,530,010 Dobt (fundod sud Hosting).. tees 68,060,000 Totak..eo sessnnesneenraeeses $164,836,010 The Erie Company owns 687 miles of rond, 80 that its linbilities represont a nominal cost of over $260,000 a mile; and to poy the in- terest on its dobt and a reasonable dividend onits stock it would have to carn sbout $10,000,000 & year. Instead of this, which is of course out of the question, its earnings for tho last ten yenrs, less expenses, hnve run 08 low as $1,354,601 (in 1869), and have not exceeded $4,740,121, which were the earn- ings of 187273, The troubles of Erie have beon apgravated, of course, by the hard squecze ince the panic, and the active compotition sed up by the Baltimors & Obfo Railrond since ita extonsion to Chi- cago; but the figurcs wo have given are suf- ficient to show that its roal troubles date much further back, and that, even without a panic and without such compotition, the day of sottlement could not have been postponed very long. The effact of appointing a Recoiver at thia timo is to enable the operating of tho road without roference to the linbilities of the past. The intoreats of the publio, as woll ns the stockholdors and bondholders, domand this procedure, Of course it only af- fords tomporary relief; but it gives timo and opportunity to settle up past eomplications withont sacrificing the proporty owned by the Company. But a thorough rcorganiza- tion of the Company will be necossary to its faturo existence, and the sconer this is undor. takon the botter for all parties. Reorganiza. tion, on a basis of actual worth, will of conrse involve groat apparent losses. It may be that there are some fraudulent claims ngainst the Company which will reduce the floating indebtedness, and that some concession will ‘e made by holders of the bonds; but, sc. cording to present appearances, the whole amount of stock—8808,536,910—will be com- pletely sponged out. It must bo remom. bered, however, that the bulk of this loss has already been made. The whola showing is n significant comment on the general man- agement of American railronds, with a fow notable exceptions, during the past ton or fifteon yonrs, A STRONG PICTURE OF DISTRESS, 'Tha question whether Protection protects in tho long run, and whether in the end it does not impoverish and destroy tho in. terest it was intended to encourage, foater, and mako profitable, is, to a large extent, answored by thoe condition of things in thoso distriots whero proteotion has been dopended on as a surety for profit. ‘Tho State of Ponnsylvanin, and especially the City of Thiladelphia, has beon the recip- fent of all tha special bonnties voted by Con. gress to encourage hor manufactures. BSo liberal has this bounty beon, snd so meccus- tomed have the psople become to the national alms, that it is consldercd high treason in Penunsylvania to proposs to abolish the bounty systom, Tho range of mannfactures in Ponn- ylvania is an oxtended ono, It includes, of courss, the iron and steel business, from the exoavation of the ore tothe finished produot, It includes cotton, worsted, and woolen goods in every variety, and in some branches almoat exclualvely. It ombraces, also, sugar refining, which i{s the manufacture of raw sugar and girup into the commorcial articles. In carpets other than rag, more than hal? the production of the country is in Philadelphia, Among the other heavy productions are boots and shoes, brass and articlos of brass, drags and ohornicals, goaps, tin and shast-iron ware, cars and carringos, furnituro, glas and glasy. ware, gas fixtures, hats and caps, boslery, loather, machinery, paints, patent madiclues, and umbrollas, besides innumerable other branches. In fact, Philadclphia and Pennsyl. vania have been a continuous workshop, each trado belng ** protected” by s special act of Congrews, In the matter of clothing, the business bas beon linmenss, exceeding, in Philadolphia slons, $30,000,000, In the manufacture of drugs and chemicals, Phila- delphia has, {n many cages, a monopoly. The ocrude matarials are admitted fres, while o heavy protective duty excludes the impor. tation of the manufactured article, On all her manufaoturcs, Ponnsylvania has always had protection, but for fourtesn con. tinuous yenrs has had extraordinary protec. tlon, the rate of tax on competing articles ranging frow 40 to over 100 per ocont, and aversging, at this time, possibly 50 per cent in gold, 'The result of thla uxcesdve Lounty lina been over-production and extravagance in the sveal they do nol heed it appeal wil | the inoney gob oo ssilly ext of Giher yeuple's to ) pockets was expended ropicl; 3 the quantity of goods produced was in excoss of legitimata demands, and was sold to speculators, For a‘time tho bubblo flonted, but in 1878 the wind eseaped, and thero was an oxplosion, There waa no sale for goods, ‘The market was protected to stagnation, Protection lind #0 robbed and plundered tho purchasers that thoy ccased to buy. In a speech dolivered by the Ion. W, D. Kerrey, tho apostlo of Protection, to his constituents in Philadelphin, on May 15, a marked copy of which hns been sent us, he thus graphically doscribes the present condi- tion of tho protected districta in his city and State, and portrays the inevitable suffaring and privation of the poor people, who aro the renl victims of the soup-houke rystem of logislation known as the protective policy. Hero is what Mr. Krrrer says: Honest and thrifty &orking people by tens of thousauds, In thn district aloue, ara out of employ- ment, It s now moro than » year sluce many of them ‘were reduced to that condition, and I have como liome to Sud thom in ragged penury. Munyof (hoss who, in tho auturn of 1873, held tille to their Nttls homes, and were paylng off any incumbrance that might exist against them by applying what they could well affurd 10 a6t apart from thelr monthly earnings to bullding- sssoclstions, are fn despairing povorty, and, Laving read the Slerif’s bill desoribing their homea, have scen tham pats a2 nominal prices {nto the povseasion of others, Bfon whio bave each winter contributed to the ward fund for the rolief of the poor i almont every ward of Philadolphis were, during the past winter, glad to sos cept Tollef, and I rejolce st tha fact that in many in- atances tho Committeen refused ta regiater the nanes of wuch, tist thiey might not hereaficr be reproached Dbecanae hiefr nocessities had compelled thern to sccept sa charity the money they had yreviously given of thelr abundance for the relief of otliers, The caplial of the diatrict, 30 far ax it {a embarked in productiva industrics, sympsthizes with tln ds- pressod condition of labor, Yondor plles of brick, coveriug whola blocks, which were rocently reso- mant with the hum of industry, are now milout almost a4 death, The owners of tho land, build- ings, and machinery loso monoey, confidence, aud hopa dally, Thoy do not now omploy as many hundred men aa thoy did thoussnds but two years g0, Thelr works ran then day and night ; now but fow of them run fall sixty bours to tha week, Tient, interest on fnvested capital, tho deatruction resulting from the rost and rust of machluery, are esting them up, And whiloallthis goes on we notice sn incresso of pauperiam, of crime, of insanity, and a tarrible in crease of sulcida, The jonrnals complain that not only ihe streets of cities, but the roads from oue groat clty to another, aro flled with tramps, and ek that the suthoritles shall deal summatily and sevorely with thess ablo-bodied idlers, Why should oy bo puniahed or restralued T Why arathey idlo? Why do they, throngh cold or liest, foot-sore, weary, hungry, aud il-clad, trudge sullonly from tawn (o town and elty to clty? It isbo- cawso they can find no amploymont at thelr homes, and, rather than beg where they nre known aud §t may bo rememborad, oy thus work their way wearlly, afton crossing upon the highwaya hordes of other une fortunates in pursuit of employment at any wages, Among them there aro doubtless :any who are un- worthy, But give the laboring peoplo work, and most of thess trampe will gather buck to forges, furnsces, and workshope, and bocome rent-psyers and pur- chasere of the productions of the jotat caplid mnd e bor of tha country, Tho most deplorable part of this picture in that it falls short of tho actual truth, It does not includs the terriblo condition of things in tho mining districts, whero perhaps a hundred thousand workmen and their fan- ilica are engaged in a struggle batween their employers on tho one hand and poverty aud danth on the other. GERMAN FRREDOM, The Frankfort Zeitung continues to print its lista of tho prosocutions under the church and prosa laws of ¢ froe Germany.” It bo- gan by giving a monthly record, but tha re- oont outburst of Govornmental sctivity has forced it to publish the news every fortnight in order to got the article within decont bounds, The Zeitung for My 2 contains the faots wo give below, They date from the 6th to the 21st of April. April 8, twolve **social-domocrats "—very nnsoclal persons, by the way, who adorn their club-rooms with rod flags and hava a cntoh-word ealutation, * Wis gehts mit der Thelung?* (How goos it with the partition of property?)—wero sentenced to imprisonment becausa they had held o meoting without being authorized to do so by tha police. Fanoy the Chicago Communiata obliged to beg permission to moet from Mr, Reau! This waa at Born- burg. Four days afterwards, a meeting of Bornburg workingmen was broken up by the police. On the 8th, the editor of the West~ phalian Countryman wss tried for offenses nagninst the press laws, and, strange to say, was acquitted. This is almoat the only in. stanco of the escapo of a journalist from the fangs of tho police, On the samo day, two Francisean monks wero fined undor tho scolo- slastical lows; s monastery was gonrched by smoldiers who were lhunting for a Dr. Monn, scoused of violating the pross- gag law; and threo pricsts werosent to jail. The Shosmakers' Union of Munich had ar- ranged fora danco on the evening of the 11th. Torpsichors, like the Pope, seems to bo considered a dangorons foreign potentate, for the dance was forbidden by the polics,— on sot which probably did not incronse tho shoomakers’ lovo for Bimuanox. The next day was remarkablo for the aoquittal of a lot of Catholic citizens of Cleves, who wero ac- ousod of sinning against the laws that regu. late club-meetings, This disappointmont was balanced, however, by the viotories of the 14th. When the sun sot on that day, two priests had beon fined 150 marke at Walden. burg, another had boen sent to jail for aix months at Poson for preaching an *‘ objec- tionable sormon,* five Oatholio citizons of Dnotzie had their houses searchod by sol- diers, o Vicar had begun o six.weeks' torm in prison, and an editor had beon condemned to four months of jail lifo ** for cortaln remarls about Princo Bisuarox.” ‘Tho editor reflect- od crodit on the fraternity by sagnciously disappearing just before his nominal trial. The victims of the next day were fiva priesta and one journalist, Four of the prieats wore seut to jail and one was fned. Tho journalist had the pleasure of paying 80 marks in expiation of the heinous crime of publishing tho bare toxt of an scousation already brought against him by the Government, On these two doys, the 14th and 15th, thoro wore throa acquittals. On tho 10th, “Pastor OLsssey,” of Treves, paid 180 marks for breaking the ecclesinatical laws and 160 more for * publicly insulting* seven gondarmes, Tho 17th was signalized by seven notions, A Frankfort editor got a month for an ‘‘objectionable article™; o Berlin editor was locked up for ¢ insult. fog* the Emperor and tha Ministry and ‘“nciting to disobodlence®; and one in Meppon was acquitted, although he had aotuslly published the Popa's ¢ Easter Balutation,” and was clearly disloyal, traitor- ous, ete. The plates used by s fourth jour- nalist were saizod. 'Two priests were fined and another {mprisoned. On the 18th, Fother Bizvzrs was informed that he could no longer roside in the Hildesheim distriot. On t:la nm'- dnyé o soation of the German equivalent of our Grand Army of ths Repub- lio voted to oxpsl any membor who ml:flm sn Ultzamontano mesting,—a plece of popu Lar perstostion which dessrres to be recorded wibhs (ks obbate 'Dhie Kanoves Linchame oM of tho 19th waa conflseated. On the 20th, fine of 4,800 marks, imposed by on in- to 90 by A sorvant- sentonced to four weoks' imprisonment for ** insulting " ferior court, was reducod ouno of superior jurisdiction, girl, 19 yenrn old, wns tho Ewmporor. Two editors of the Breslan Volkszeitung were caught in the snares of tha One of them was o hardened wretel, law, for he had published tho Pope's Encyclical, hadd “written discespectfnlly " of a law which the Governmont had kindly given tho Tteich. stag perminsion to pass, had ** insulted " Dis- MAncg, and hiad published still another ob- jectionable article, Ilo got thres months. 1lia condjutor, who had confined himsolf to insulting Bissancr, will bo able to return to his work nfter one month's durance, sultlng " auybody is dangerous business in Gormany. On the 218t, n railway’ workman waa tried nt Amberg for this crime against the Emperor. 1le, however, escaped the fate of tho sorvant-girl. On the same dny, the aditor of the Franktort Zeitung, from which wo get this list, was tried on a curious charge. The polico raided his offico lately and seized tho business books of tho paper, It is nlleged that ho actunlly insulted tho State officinls in an article ho wrote about this plessing little afair, Ho hns not yet boon sentonced. On the samo dny, again, the Durgomaster of Neu- stadt wos flned and supersedod becnuse he had not forcibly expelled the deposed priest of that parish from the vicarage. And dur. ing the two weeks covered by this racord, more than forty fomilies in Dantzic received domioiliary visits from the police.” It may be that a largo part of the Germnn nation ig desperatoly wicked and needs to bo mado the victin of peity persccution for mat~ tors of opinion; but it is evident that Freieis and Freedom are two veory differont things, $11,000,000 ANKIHILATED. The atory of the Rtockford, Rock Island & 8t. Louis Railrond Company discloses a con- dition of aflairs that will bo rated ns a curiosity, oven in theso dnys of flunncial monstrositios and abortions of every kind, The Company was chartered in 18656 to construct a railrond from Rockford, vin Rock Tho capital stock Island, to St. Louis. suthorized was §9,000,000. Citics, counties, and towns subseribed 31,048,000, and $5,447,~ 680 wna issued to contractors who built the road and to employes, making in all $6,490,- 580 of capital stock igsued. In June, 1868, nn isaue of §5,000,000 of bonds was made, to secnre which n fimt mortgage was given, Subroquently, in October of the samo .yoar, $4,000,000 of additional bonds was issued, snd a mortgage given to socure the whole, The rond from Sterling to East St. Louls is 292 milos long, with some branches and loased track, making 844 miles of track. The affairs of the road have been in sad condition, and have been in the Unitod States Court of Illinois for some timo. Judgo Dpuioxn decided that the first bondholders wore entitled to priority, and the case waa ro- farred to a Master to report the actual condi- Mr. Bsnor, tho tion of the Company. Master, in his roport rolates the wholo story, which is substantinlly as follows: On the 15th of Juno, 1868, when the first mortgago was dated, no part of tho road had boon constructed, and the mortgaga covered a projected rond from Rockford to Sterling, which was the first grand division, a second grand division from Sterling to Rock Island, and a part of tho third grand division to & point on tho Mississippi River opposita Bar- lington, Towa. Tho mortgage was for $5,000,000, but only $273,000 of thebondshad been issued when the Company determined to issuo 4,000,000 moro bonds, and grant a now mortgage issued on all tha road from Rockford to East St. Louis. This mortgage was to sacure all the bonda equally, and is what is known sa the consolidation mortgage. Tho Master enumerates the property of the Compeny, including the rolling-stock, real estate, equipments, and franchises, and values it ll at $1,000,000. o finds that the first mortgage scouring the $5,000,000 bonds covers 120 8-10 miles of track and right of way, and 10 miles of right of way on which no track is 1aid, and 822,200 of real eatato. On tho 23d of October, 1808, the Treasurer had sold $278,000 of tho first.mortgage bonds, and on thot day tho socond mortgage was ex. oouted covering tho wholo $9,000,000 bonds, From that date to August, 1869, the Company pold the bonds of the firet issuo exolusively, In August, 1809, all tho first isguo excopt thirty.one bonds were sold. Tho new bonds then were put on the market, and the Trens- urer sold n numbor of thom, spplying $119,- 000 of the procecds to “‘seoure influence " in selling the others, Tho Company defaulted in ita intorest in August, 1871, February, 1872, and July, 1872 Then mraggements wero made by which bondholders reprosenting $8,000,000 con- sented to havo the bonds scaled down to 50 cents on tho dollar, recelve certificates of over-due coupons at 4 per cont. A condition of this agreemont was that tho interest should be paid in futuro, and the Company, having ropeatedly falled to do this, and the holdera of tho scaled bonds, and certificates of stock, and funded coupons now claim the right to shoro with othors as if no such agrecment waa mado, Ot the first issue of bonds all are outstand- ing excopt ona bond of 1,000, On these bonds there s dus 1,287,068 intercst. Al the sscond issua of bonds are outstanding, and the indebtodness on both series is s fal. lowst First {sans of bonds Intoreat thoteoD, v s Beoond {asne of bonds Interost thoreon, s Tolal (ndobtadnest oy uereeriovereesees $11,883,604 Dosides this indebtedness, tho Company owes o large flosting dobt, perhaps of $400, 000, Al this {5 exclusive of tha capital stocls, which msy be considered as totally extin. gulshed. ‘While the holders of the £6,000,000 of cap- ital stock, including the cities, countios, and towns glong tha rallroad, aro entitled to sym- pathy, it cannot be gaid that the bondholdora havo caten up the rond. To these the Com- pany owes ©11,000,000, and the mssets, all told, are valued at only $1,000,000; so that the bonded debt s elecen times as groat aa the property, ‘Tho bonds are worth, then, pros- pectivaly, but 9 centa on the dollar] The Court has declded, however, that the firet bonds are entitled to priority asalien on 80 inuch of the road as it was intended to build with the procesds. This complicatos somewhat the division of the assets, The Master advises that the road is not so adapted w to boe ald in pleces, and should be sold as & whale, If the ‘whole road be worth §1,000,000, and the hold- ors of §5,000,000 of bonds are entlitled ex- alnaively to eue-half tiad smount, and ahare Wik Alse ollans in zalution be tae othaw thlsd, ¢ In. and: to preferred stock for the other half, and also to fand thelr this fashion ; 5,000,100 Arat honas $9,000,0€0 first and 8o e Ttockford, Rock Island & 8t. Louis Company, ERGLAND'S NOTE T0 GERMA KY. The recont reports that Tugland had brokon through what was fast becoming her traditional policy, and had intorfered in Con- tinental politics in bebalf of Francoe, have beon justified by Disnazra's reply, in tho Houso of Commons, to tho question put by the Mar- Tho Initer asked whether reprosontation had beon mado to Gormany concerning the unsatisfactory rela- Do nazez sald that this had been dono; that it had * jnsured penco”; that a satisfactary ro- ply had been received; and that public in- quis of IapTiNaTON. tions between thot power and France. teront forbado the publication of the roply. This is & very suggestiva incident. It in- volves the reappearanco of Englsnd in Con- It hints at hor readi- pess to take part hereaftor in Continental wars, For many yoears the press of both partios has complained that Great Dritain, by deliberately isolating herself from her neighbors, had deprived herself of all chance of aid in time of need. It is moro than poa. siblo that hor statesmon have becomo awako to this fact, and have felt that a fow Conti. nental allics wounld not ba a bad thing to At any rato, Bissranox's reported taunt, *‘England {s not Yot the policy of the Inst twenty years would not binve been sbandoned, even under tho pros- suro of these ronsons, save on a good oppor- tunity. Wo must conclude, then, that tho ronowal of the Franco-German war was really jmminent, or was thought to bo so by Euro- pean statesmon; elsa England would not bave interforod. Another proof of this lies in Disnarer'’s declaration that his mediation This is tantamount to soying that without it thero would probably 8till, it is Lo be romembered that tho spenker is Disnaxnt, snd that it would be a matter of primo importance to him to ropresont the first essay at interfor- once in Continental politics ns & great suc. The weight of tho ovidence, however, is in favor of tho absolute truth of his state. meont, Except in tho highly improbable ovent of tha acceptance of the Paris igaro's advico nnd tho postponement of the *‘re. vengo” of France for 100 yoars, war within ton years i3 almost a cortainty, The Ger- mans lose and the Franch gain by ench day's claimed that the dofeat of 1870 was due to the cor. ruption, inefficiency, and trenchory of Na- rpoLeoN's crentures. Since then, the army bas beon thoroughly reorganized; it Jooks up, rank and filo, to the Marshal-President; it iz woll armed, well clothed, well equipped ; it and the nation bohind it avemnd for re- venge ; and the materinl losses of the war Francs isin excellent fighting trim and is gotting into Germany, on the ather band, is torn asunder by the moat in sidions and deadly foo of posce,—religio-polit- jcal passion. Millions of Ultramontanes heartily hate the Empirs; The tribute wrung from Franco was a hurt, instead of a help, to the business interests of the country, The mad patriotism that followed the triumph- war las given way, in many minds, to a dull disgust with the petty, nsgging despotism of tho now Government. Theso symptoms scem to be Tho fu- sion of nationalitics made in the fiery fur noco of war scoma to erumblo ag soon as the extornal pressure is removed. As tho com- pound oools, it cracks spart. The interests of the rulors of Germany demand a speedy ronewal of the war of 1870, The pence that Tho interfor. ones of England is a straw which seems to tinental politics, bave In & war with Russia, o European power,” is no Jonger true. has * insured pence.” bave been war. coss, postponement now, It ia have beon more than mado up. bottor condition daily. ant success of the incroasing rather than diminiahing, succoeded it waa only a truce. show that the wind s blowing up fresh clouds of trouble, A BUBSTITUTE FOR PAVNDROKERS' BHOPS, The Sonvrrze-Dewitsor system of banking hes been ropeatedly explained at lengthin Toy Tnisuxe. It {8 sufiicient to say, now, that under it & numbor of working men or women deposit a small fixed sum every waek, and can borrow a oertnin multiple of the amount they have on deposit. Each share. holder in the bank is responsible for all ita dobts. Only sharcholders can borrow. They pay tho ordinary markot rate of interost, and the profits are devoted, firat, to the paymont of a low interest on deposits, and, second, 1o incrensing tho capital of the bank, When the bank has become woll eatablished, it often borrows considersble wums at low rates and lends them on highor terms. In a word, the banks are co.operative ntores which do & wholesalo and rotail business in money, The first one was foundod abont n quarter of a century ago at Dolitach, in Prusglan Baxony, by Sonuvrrze. Dewrractr, who is still living, and is more than famous in his own country, although, strangely enough, his name is scarcely kmown in Amorica. Thero aro now over a thousand such banks in Garmany, owasd by some hun- dreds of thousands of worling-people, = In the crisis that followed the opening of the Franco-German war, when many of the great banks of Germany collapsed, not ono of theso falled, They have dowe s great work and havo dons it well. They have been intro. daced into Ttaly, and Austris, and Russin, and hove sucoeeded in all three countries. Thix shows that thelr success in Germany has been due to tho inherent goodness of the iden, and not to any pecnliatly fovorable local circumstances. SHght modi- ficatlons of the original plan have boen made in Russls and posaibly elsewhers, but the substance of the idea has boon perfoctly preserved. 1t the Sonvrrzz.-Drurrson bank has thrivon after being tranaplanted, whby should it not be tricd here? In the cowrse of time It would rescuo ths industrious poor from the clatch of the rascally pawnbrokers, and wounld thus tond to break up & great part of the shops that sarve a8 scliools for thisves The two main sources of profit for a pawn. broker are stolen goods and goods pawned by tho honest poor in times of wdmess, ar when the bread-winners can get no work. w He Is quick to ses when his ocustomer mmd have mousy and Lo Gheretore in his power, and he uses the power mercilesaly, The sickmess of bhusband and . father for's fortnight of- tan strips the' house . bere, snd mskes the ' pawnbroker the 'y ownar of il whals 12 the'poor could go M sush thiow 10 baok of thels ewa (nstead of & pawatonher’s shop, thay the apportionment will be something fier | money they needed at fair ratos, 100 From this pittance will have to bo deduot. ed §60,000 awarded by the Master to the ‘I'rustess and counsol, and tho flosting debt, which is for wages and other current ox- pensos, Bince tho axhibition by the bank. rupt local insurance companics of Chicago, following tho firo of 1871, wo have raroly seen go olose an approximation to a total an- nihilation ns this exhibit of the affairs of the dodld hadeow the | and e thus easily tide over tho timo of trlal?‘di vast amount of sufforing would the world, o thag Benim Tho greatost difficulty-in tho way of lishing theso honeficont banuks here is Ih:':l: thiot the work tust bo done by workingmay, It cannot be wholly done for them, nltbou;‘-h it may bo in part. The first Ruesinn bm:k was founded by a rich landed proprietar, who lonned it copital and retained a cortnln’con. trol ovorit. As & rulo, howover, it iy best that the mon to bo benefited should do ever, thing themsolven. And this s the groy trouble, for it in practically impossible to per. sundo Amorican workingmon to uuite, gy, sido of trado-unions, for self-help, ——— Tn bis fervont and glowing pororation, Judg, Ponren was rousod out of himself onco mom‘h comparo the Rov. Texny Wanp Bercnsn, pog upon trial for adullory, with the Hon of God atrotehed upon tho cross, This was vary oiid comparod with the sssursnce that it waa g Doty who would have boon a better man iy Brzonen's place. Judge ‘PoRTER' aimile, by, over, lod him astray from Haly Writ, Hosaldig tho jury: 1t there ba o e ions o whoy e EAett ol e ld fo. inlo the aids of ouo who waa innocent snd jikely gy perish, T know that, though T may not be atle to o amon, though good'men_overywhicra may ahrink {-ny Viora T bs o at ekak iy the e b tion of (e Radeomer whor 1o erves, Wil ba rass 1, hat hotr of ngony (0 1ifL Lis. Lands y sy, 4 Galhor, forgivo bim, tor he knows 2o e v, Joun, the Beloved Disciple, who was an 850 wlilnoss of tho scene, thus doscribes it,—Cliap. tor xis., vorses 82, 33, and 043 Then eamo the soldiers and hrake the legy of (5 frat, and of the other which waa cricified with Ui o Bt when thoy cama to JEAUS aud eaw that ba way doad already, tiey brako not his loyn: ut ouo of the woldiora witls 8 spo: and fopthimith casan thereont. LIoad anh wnses 16 This event iu not noticed by tho othor Rray. golists. Montion {s mado of the Conturiou Ly Marraew, who roprosents that he was overiwe] at tho scenos which followed tho consummation of the tragedy, and oxclalmed, * Truly, this an was tho Son of Qod,” Maztrew, Joiry, aul Ponren dissgres gomewhat In thetr vorsion, I considoration of the vast amount of ** justitiabls lying * douo in tha case, wo prafor to lot tho tes. timony of tha Evangelists atill stand, and reqar) that wild and nnmo-nlnf outburat of thela: rel counsol aa purely Plokwickisn, or, as ho tald Mr, "1;154'1017, *aald only in his profoastonal cagaci ——— The subscription in ald of 3r. Grorax Taros Howvoaxz, thie ominent English Radica), co ovorator, and pbilanthropist, is making qui'e satinfactory progress in England, but American subscriptions aro fow and far botween, M, Iovyoaxe is not well known on this eido of {ls Atlantio ; bub thoso who do kuow him ary awaro that bia long 1ifo had beou ono of eingu. * lax wolf-ancrifica ; that, while bollaving {4 a5 aibilation, ho haa ehown in & high degres tla virtios that sre supposed to be ivspired Ly hy hope of & roward iu the sbape of oternati.ap:i- noas ; aod that he has porhaps dono more than any other one man to improve tho condit:on of Englisly, and so of all, workingmen. The great work of his lifo, & * History of Co-opers.ion,” is now passing through the pross, Tho ob- Joct of tho eubncription is to purchaso nn an. nuity that will onobla the veteran journalist to complete this most important work, and to carry throngh other Utorary ventures of jrctie cnl vaiue to tho social sclentist and to scciety, Awong the English subscribers ara Mr. T.tox Baasgey, M. P.; the Rov. Worronp Brooxz M, D. Conway, Cmirrxs DanwiN, Bir CiarLws Dirxz, Prof. FAwcerr, TuoMas Huouxs, Prof, Hozney, G. H. Lewgs, Hannmer Magtiveav, and Prof. 7, W, NewaaX., Tho smount piodsl is 830,000. I¢is hoped that 10,000 of thia caa ba raised in this country. Tha Naw York Tril~ une is recoiving aubsoriptions In the East, anl any sums sont (o Mr. Avrnsp B, Masox, of Tin Cntosco Trisuxx, will be promptly sclnorl odged in tine paper and forwarded to the lon. don Committee which hsa charge of the **lluLy. oaxx Fund." Whatever may beasid of mob-law, as cons’ tered from & moral and ethtcal atandposnt, it bus not boratofors boon open to criticism as wanting m thoroughness, Evonin this renpoct it i3 now shown to bo doficfont, The man Joseen Renn, whosa exccution by mob at Nashvitle was duly chironicled in tho press, is atill {n tue land of tha living. Tho doctor who drossod his wounds, » reputablo physician of Nashvillo, hss baen found and examined by & newspaper roporter, ar.d tha troe history of the wonderful escapo bas i thiy maonor been ascertalued. Rerp was held fn jail for the murder of an officer. Ho was takon ont by & mob, & nooss was placsd avout Lis neck, and o he was eacorted to the rivor. Defore the placs Boleoted for the exeoution was rosched, the prisoner was shot twice in the bead,—ono ball entering bohind and glancing off, the other passing through his chaol and t: king off the tip of hisnose. o was thought t) ba 20 naarly dead when the river was reschod thut tlio mob did not take tho pains to bang him for- mally, bat merely tossed him off tho blaff, some 60 or 70 feot in Laigbt, Into the rapidly runafng stream below. But tho man wagnot desd, e fall was broken by a tres, Ha floatod down with the curront untilhe had gono s safe disiince from his pursners, and thon rogained tho at:ore, Ho mado his way to the alarine Hoapital, had bis wounds drossed, and went rafoloing on his way, Now ho Liaa to thank the mob for liberty and ce cape from a long term of years tu the Penitan- tiary, or perhaps exocution in due form by ihs conatitutod suthorities. -— Novw that the Philadolphis Contoonisl {s bx coming & tangible reality, and matter ia which the whola country in intorcated, details of ar- rangemants of various kinds should ba mado koown. In this counsotion the questions raised by Commisaioner Lowny, of lows, seem to ud vory appropriate. Tho prics of ndmisalon to the Centeonlal in fixed at 50 conts & day. Mr Lowny suggests that one day, say Thursday, be set apart for the workingmap, with the price of admigsion tixed at 26 couts, Thers was somse oppomtion to this proposition, and the matter is still in aboyance. Tho principal argument againat It waa that it would boneflt Philadel- phiana only, Almost in roply to this argomens Mr, Lownr propounded a conundrom to bho Commissioners which people in the Woat won!d 1ike to have snawerod boforo voting for appro- pristiona for the banefit or the Qentennlal, 18 was this s “Will Philadelphiaos furnish ohoan accommudations, or will rhay extars 2 Upon tha anawor to this quastion havg all Lws and the protits, Oinclnnati haviog had Ita chorus snfgs fakr proapsct for & musio-ball, is now moviog vigor onsly to got an orchiestra of its own, which will ba in keeping, both in magnitude snd excellenca, wlth tho other two sdjunots of a musicsl featl val. The Gazetle of that city sayss *The Cine cinnati Muslos) Featival of 1877 shoald bi Cinalnonati orchestrs as ready for the conductor's aton as was tho Oincinatl chorus of 1875, snd sha other Cinclanati papers are ail slogiog the same tune. In muupa’uune! ulx.h event, u:‘-m ady beginning to talk of sudscziptio g‘l’:‘::‘:l and -yummfi:r-nlgm arden musio %3 ta the Central Park Garden of Now York, scoomplished ¢hts, whad mext? Will Clnainnal never od? ———— The Bar Association in New York has 600 membera snd & Ubrary of 8000 volumes. I8 wsa started only & fow years ago for subatan- tially the seme purposes as the Chicsgo tion—social intercounie and the slevasion of professional morals, It exerts, of courss, 8 tzemendous lnduano-,uvnl practice in the courts. Memberships 'are sagesly soughd Wizzzam M. Evanry is President of the Assools- tion and 0ne of is most Kbaral petrons. There i soarcely any fustitativn or soslety in she Qlly of New York whose ofiuence fa se parely f /K] b fesslonsl Sliquabbs 64 46 ke Hiss “M ovidhs