Chicago Daily Tribune Newspaper, July 23, 1875, Page 4

TMNE CNICAGD ‘TRIDUNIY YW RIDAY, 7 JULY Y23, 1875, TERMS OF THE TRIBUNE. RATEA OF AUNECTITTION (PATADLX IN ADYARCE), Postnge I'repatd nt thin OMce, 813.00) | Woekly, 1 your....8 i.'m .34 | Five coples, B0 5 ’l"cnx;plc 14.00 3 Tarts of & yoar'at the same rate, ‘WanTED—One active agent In each town and village. Bpecial arrangementa made with such. fpectmon copdes sont fece, To prevent delay and miatakes, be sars and give Port-OMico address in full, including Statsand County. Rémittances may bo mada either by draft, express, Post-Oflica order, or In registercd letters, st our risk, TEINA TO CITY BUBFGRINKRA, Dally, delivernd, Bunday cxcepted, 25 cents por week, Datly, defiverod, Sunday fucinded, 30 centa y.or week, Addresa THE TRIDUNE COMPANY, Carner Madison and Dearborn-ats., Chicago, 11, AMUSEMENTS. OLET'S TIEATRE—Randolph street, between O g, Fogagoment of the Unlon Square Gompany, ™ The Two Orphana,” ACADEMY OF MUBIC—Ilalated strect, bstweon Madlson and Manroe. r.n;lafement of Tiobort Mo~ ‘Wade, * Bory 0'More Dick Mit Dares Eyes,” BOCIETY MEETINO; NOME LODGE, No. 504, A. F. & A M~Tegular eomnnuication thin (Friday) evening, st § o'clock, at Dll, 134 Toventy-second-t., at Which'svery member is Toqlestod to ba precent. Iy order of tha W, M. 1. B, W, LOCKE, Sec’y. WASHINGTON OUAPTER, No. 43, R, A, M.—Spe- efal Convoeation this u‘mh;?’“usmnnn and eventng i at llt':-'clecIl; for I, llx\‘d ll.dE. f“)""x'i ud ¢ sud T 1 . Degreo. By order of the H. = " CITAS. 3 THOWBRIDGE, Sec'y. ORIENTAL LODGE, No.33, A, F, and A, M.—8pecial thin (Friduy) eveniug at 8 o clock, for ", O, Degree, nicatio] ork on th r of tho Master, JCKEM, He'S, Dy or: Ix. BUSINESS NOTICES. MRN BOW DOWN TO BRAUTY, ANDALL wobs S B not, dodrn it Onoof ita cssentinls Is & puro trunsparent oo armod with tho soft rose- Tlush whioh bolonga tn you Lioaith, and this pro- eminant charm ls acyiired aud reudered porpotusl by Laird's Bloom of Youth. Sold by all druggisis. Tlhe Chivags Tribune, Friday Morning, July 23, 1878, 3, Greenbacks wero strong yesterdny,—open- ing at 86} and closing at 88, According to n New York dispatel, tho in- Furanco companies have suffered more from lossos the past six months than during the entiro year 1874. 'The country towns have proved an unprofitable, field thus far this yoar, the larger cities cscaping sorious con- Qagrations. A leavy failuro wos yesterdsy annonnced in Indinnapolis. The firm of E. Nurtiva & Co., doing a heavy business in tho manuafac- ture and sale of atoves, have suspended, with linbilities of about £200,000 and assets of about $155,000, Banks in Greensburg, Hunt- imgton, and Indianapolis, which wero earry- ing large amounts of the firm's paper, ave the principal sufferers, Postmasters throughout the country will be rojoiced at the prospoct of relie? from the necessity of giving bonda absurdly in exoess of tho Government's linbility to loss from thig source. AMr, Jewenr, the Postmaster- Genernl, has resolved upon n more equitablo adjustment of the amount of bonds required of Postmaaters in the large citios, and will make material reductions. Tho Episcopal Diocess of Fond du Lac has o hand time of it in getting a Bishop. Their first selection, the Rev. Dr, Coreaay, declin.’ ed the Bishopric, and the Diocesan Conven- :tion of Juno last was called upon to try again. This timo the choice fell, with much ‘henrtinoss and unanimity, upon the Rev. Dr. Smrwax, of Lexington, and now ho too de- ,clines, for reasons which ho docs not present -spocifically, but leaves it to bo inforrod that thero is gome good ground for hia rofusal to accopt the Episcopate. — Another significant rebuke of the inflation folly perpotrated by the Obio Democrats is administered by the Maryland Democracy, who yesterdny, in Stato Convention at Balti- more, adopted an explicit declarstion in fovor of hard-money, the Convention pro- \testing agninst any inerease of the circulat- ting curroncy, and, on the contrary, domand- ing * that such measures bo adopted by Con. gross na will result in tho resumption of specio puymonts o the carliest possible mo- ment.” Tho furious buttlo for supremacy botweon the Ross and Dowwnrva factions in the Chero- koo Natlon continucs to rage with sanguinary results. Tho latest advices from that lawless region tell of o fearful fight botween the ad- herents of tho two political londors, in which throo desperadoes wero killed, ome of them receiving 103 wounds, 'Tho policy of tho rival factions includes both intirids. tion and extormination, and the bloody reign of torrorism and lawlessnoss furnishes o ouri. ous spociaclo for ono of the Territories of the United Btates. A redeemiug foature of tho situation, however, is the fact that o goodly percentage of murderous ruffians are uwumbered among the alain in every battle, President Jox's aunual roport to the stock- holdors of the Michigan Contral Rallrond is published clsowhero in this fssus. Tho past yoar has been ome of peculiar and unprece- donted trinl and tribulation to railwsy man- ogers, and Mr, Jox, with commendable can. dor, is freo to stato that the year hos mot been n prosperous one to tho Michigan Central, His ability 08 a railroad agnato haa boen sorely tried in his efforts to stom the adverse tide of dull times and ruinous competition, but the stockholders have the consolation of knowing, as they un- doubtodly do, that tholr interests have boon guardod faithfully and skilifully, and that, in hands less competent, the showing at the ond of tho year would have been far worse, —— 1t ia asscrtod in Washington, upon whet is usually considored good authority relative to Administration affairs, that at the secret sou- sion of tho Cabinet on Wedneaday the ques- tion of our relations with Cuba was sorionsly discussed, and that o chango in the polioy of the Governmont was de- cided upon. This changs, it is said, contemplates tha rocoguitiog, of the Cu. ban patriots aa belligeronts, a courss which tho United Btates has heretoforo abstained from. Bympathy for the people of Cuba, who are struggling to free themselves from Spanish rulo, is almost universal throughout tle United Btates, and any measurs which + will restore peace and prosperity to that un- bappy island is certain to be popular in America, Sse—— ‘The Ohioago produce markets were gen. ernlly buoyant yesterdny, though grain was ircogular, Mess pork was active, and ad- vanced $1,10 per brl, cloaing at $91,87} osah, and §31.63§ for Beptember, Lard was sot- 4ve aud 40@(50 pee 100 Ios highas, alosing ks 214,00 cnsh, nnd 214,17} foe September. Ments were quiet and stronger, at 8ic for shonlders, 11J@12 for short ribs, and 12}a for short clonrs. Ilighwines wero quiet and steady at £1.17, Lake froights wero nctive and firm, at fo for corn to Buffalo, Flonr was in better demand nnd stronger. Whent was nctivo and oxcited, olosing o higher, at 120 cnsh or seller August. Comn waa active, nnd 2}o higher, closing at 76}o ensh, and 77]o for August. Oats wore nctive, nnd 1§@1{e higher, closing at 62 cash, and 42je for Augnst. Ilyo was quiot and stronger, nt Rie for August. Barloy was quict, and 1o higher, closing tame at $1,07 for September. Hogs weroe native and 6@100 higher, sclling at 87.25@7.75 for common to choice. Cate tle wero quiet, with sales at $1.85@0.00, Sheop wero in fair demand at $3.00@4.75. —ey Tho eonflicting stories which come from Bouth Carolinanbout the trinl of Ex-Treas- urer Pauxer show wuch a tangled web of crimo that it §s difficult to say whether any onge of the prominent politicians of that un- happy State is or is not implicated in the atenl. This much i cortain, that Parkzs hins been convictad in the civil suit and a judg- meont of $75,000 hns beon entered against him. Tt is not yet known whetler he is to bo criminally proscouted. o swenrs that he will not go to the Panitentiary nlong, and the throat seems to have producod a suspicious gonsation, If Gov, CuaMpEnuAly isinnooent, thnt is, if Parken's declaration that the prof- ita of embezzlemont were divided amonga ring, quorum magna pars CHAMDERLAIN fuit, the only conrse left open to the latter is to push for a eriminal prosecution of his former friond by every means in Lis power. Inno. tion will Lo confessio A BOUTHERN INFLATIONIST, The Richmond (Va.y Whip stands almost nlono among the Southern press in favoring the fulure depreciation of groonbacks by watering tho currcncy. 1t is the only news. papor of respectable position and influence that comes to us from the South which com- mits itself to so absard and unpatriotic a blunder. The style of the argument em. ployed to sustain its position shows that the hichmond Whig hos been betrayed into tho fallacy by ita ignorance of the question rathor than by any dishonest motives. A mention of some of its points will sufficiently illustrate this. For instance, it utters the following contradiction : Inflation made the Northern merchants and manu- facturera rich, and they aro trylng now, by contrso~ tion, to make thomsslvea richor, Now, if inflation made the merchants and manufactarers of tho North rich, more in. flation would cortainly make them richer, aud the reverse—contraction—wounld make thom poor again. Either, thon, inflation did not make them rich, or they are not now secking contraction, Both propositions are truo to & cortain extent. As a mattor of fact, inflation hns made a good many people of the North poor, in so far as it was responsiblo for tho panic of 1873. It is also true that there has beon no contraction in the volume of tho cwrrency. On the contrary thore has been an oxpnnsion of $140,000,000, as hns been re- peatedly shown, since 1865-6, to say nothing of tho increased purchasing power of the the currency. Consequently the above propmiition {5 not only a contradiction in terms, but ewm the contradiction is based upon false premises. The Wiip adds im. mediately: How waa it, and how {a i¢ with the Bouthern pecpls 7 Wo liavo had no inflation here. Qur pooplo Lavo boen plodding along with the hopo that the policy of the Foderal Government would relievo them, Dut it has uot been so, Tue moncy mills of Wall strest have conlinued to grind tho industries of the wholo country unil the injurlous offect 18 not only folt all throngh tho South, bmt untll the peopls are ssking smong themaelves whether thoy are 10 ba chainsd down 2a slavea or allowod to breathio as frao peopla in a froa country ouce more, ‘This is tho most conglomernte and incom- prehensible stufl we ever read. Tho Sonth. ern peoplo havo had as much “inflation” as the Northern people, The currency has been tho snmo in both sections ovor since the War. Baut if tho WAy means that the Southern people haven't had as many greenbacks or National Bank notes por capita, it is simply becauso thoy haven't had so much stuff to scll. So far aa greenbacks or Nationnl Bank notes represent monoy, thoy are given in ex- ohango for commodities,—tobaoco, cotton, corn, or other products,—or they are loaned upon crodit and socurity, If tho South haa not had what it rogards as its fair proportion of this currency, it is simply bocause it hasn't produced a falr proportion of exchangeablo values, or hasn't commanded the confidenco of tho woney-lenders. Either the Bouthern peoplo have had all the curroncy they ought to have, or they have not gone to work and produced something to exchango or use ns collateral. There i no lack of currency with which to buy products, but we do not beliove that currency is ever given away excopt in charity, We cannot s, thereforo, how tho Foderal Government can *rolieve tho Bouth," If it should print more groen. backs, it would not send them down South for gratuitous distribution. It could only got rid of them by increased extravaganco and the payment of ita own debts and running oxpensos in now groonbacks. In that caso tho South would only get them as it furnished somo consideration therefor, either in labor or commoditivs, But it canget greenbacks now on thoso terms. In oaso of a deprecintion of grocnbacks by an increased issue, thoy might get a groat numbor of promiscs-to-pay in ex- change for their products, but they would gut no mora yalue, nor a8 much. It would be a gallon of molasscs with a gallon of wa- tor added; the molasses would not be im- proved to the taste, and tho saccharine mat. ter, the wholesome and sustaining part, not increasod, but, if anything, diminished by dilution, Tho arralgument of Wall atroot ia equally fallaclous and silly, viz.s Everybody fosle & cartain sense of suffocation in businsss, Aud whyisitwo? For the afmpls resson tust the Federal Government, under the lufiuence of the millionaires in Wall utrect, ia contracting the cure reucy of the country, What do they moan by this contraction? Can any man doubi? They mean to mako money scarce iu order that the mon who have money may e abls to cuntrol the business of the soun- try I thelr own Interests, 1In the first place, the Government is not 1% contraoting the ourrenocy,” It is only with. drawing B0 cents in groenbacks as the bank- ers igsue 100 conts in bank-notes, ‘This, by itzelf, is inflation, ‘The banks themselves are retiring notes of their own to some ex- tent, as they bave the right to do, Butwhy? Bimply because there is no legitimate de- mand for them, and because it is unprofita. bloto put up the security for them in the United States Treasury, and pay the taxcs on them, when they can no longer loan them at & profit and with reasonable assuranco of its roturn. It is folly to hesnme that capitalists voluntarily rid theimselves of their capital, or prefer to logk theirmoney up in veults. It would then cease to have a valos, It is only volusble so long as i 10 oud o intersst or eugaged im | tharoughly thad breakage is impossibls, A production. Capitalists, therefore, either in- vest it themselves in business or loan °t to othera on seeurity to beinvested. 'Fliomonecy of Whall street ia advanced to the South on cotton, tobaceo, highwines, and other prod. ucts, till the plantors and factora can realizo upon their products ; but it is ouly advanced in proportion to the yicld of values, If the South wants more monoy, or moro currency represonting money, the Southern peoplo must work harder and prodince more things for sale, This is tho answer to the following Iament ¢ Tho North {a ticls, the Sonth fa poor, Rhall the poor section wear the collar of the rich mection of the Unfon? Let tho Sonthern Btates as aunit demand & chango In the financisl management of the Generst Covernment. Tha West {s with tho South in aympa- thy and interest. Aud fn the North and Esst the manscs of tho people sre with us, Tho money-kings must be stopped n their tyranny, or thoy will bo the lonls of the country with the Lusinessmen and the working men 88 thelr sorfs, "Tho monoy-kings aro not going to starve themselves by refusing to lonn their money whon rensonablo security is offered at o fair ratoof interest. Thore is plonty of it to loan in Wall stroct and in all the largo money-cen- tres in the country. It has nccumulated at such a rate since the panic of 1873 thnt intor est is lower in Now York, Boston, Philadel- phis, Baltimore, Ciucinnnti, Chicago, St. Louis, and other cities than over before. But this money is not givon nway either by the Government or by capitalists. It is not lonned without intorest or where there is a good prospect that it will never bo ropnid, The Bouth must rely upon its own productive resources for recuperntion. Moro work and more production will bring them more money and wealth, They can get cnrroncy to the full extont of tho values they have to ox- change therofor, aud they can borrow it in amounts increased in proportion to their in- dustry and good faith in returning it. REDEEMING GOVERNMENT CURRENCY, The Chicago Z¥mes, having nttempted the oracular on the subject of n tariff, thus dog- matically defines resumption : & 1f redeemability in coin on demand is all that s re. quired tomake a currency safe snd sound, a Govern. ment currency may be bs safe and sound as any other, A Natiooal Treasury may redoem ita notes on demand 28 well aa a corporation, All that {s wanting iu a dis position to rdeem, A nation hos the abliity in & higher degrso than any individust or corparation, and, {f # has tho disposition of it currency, will be better, And horein les the only real objection to & Govern- ment currencysa compared with bank currency, If thio eurrency ia'lasued by the Government, it is lisble to become the mport of politieal parties, Ita volume may bo changed at any Hime, and the obligation of all contracta Impairod by an act of the legislative body, It would be an important contribution to human knowledge to state how the Govern- ment may redcem its notes on demand. As- saming that the Governmont substitute an equal amount of ity own currency for that of the National Banks, and, including tho frao- tional currency, the nggregate would be in round numbers §800,000,000. Tho lowest amonnt of gold estimnted ns necessary to protect and maintain o redemption of poper monay is one dollar for each three of curren. cy. This would requiro £265,000,000 of coin. How is the Government to got this amount of coin? There is but one process, and that is to issuo bonds and soll them for what thoy will bring. Having redeemod such portion of tho currency as will be ne?:uasm'y to put the latter at par, how is the Government to ot tho notes back into circulation? Having sold tho bonds for gold and redecmed the notes, how aore tho notes to be got back again into circulation? The Government cannot, give them pway, nor can it lend them. Tho only procces yot discoverod is to go into tho market and buy up the bonds again. When the notes como batk for redemption, then tho bonds must be sold again for gold. 'That is tho only possible way in which the Govornment currcncy may be redeomed on demand. Every time the Gov- ernmont solls bonds it will do 8o at o loss; and whon it is lmown the Governmont must have gold then the prico of gold will bo ad. vanced, and, botwoen its losses on the sale of bonds and the interost on the increase of tho publiedebt, tha process of attempting to ro. deom o Governmont ecurrency on demand would be a very costly one, No Governmont hns ever been ablo to float its poper monoy at par, and no Government ever will, for tho reasons abovo stated. The Government hasbot one fanction in finance, and that is to provide an incomo sufilciont to maet ita cwront expenditures and pay its debts a8 they fall due, When it cannot pay its creditors, it must issuo to them a timeo- note, payable with interest ot a day stated, The public creditors have a right to demand this, and the Govornment does not act hon. estly when it rofuses to do so. To attempt tomake tho non-interest-bearing avidences of its debts answer the purpose of money isn fraud upon the publio and is opposed to or dinary intelligence, BAPID TRANSIT IN CITIES, The question of how to quickly, cconomi. cally, and safoly tranafer great masscs of peo- plo from their stores, offlces, and workshops in the centre of n large city to their homes in the outakirts seoma to bo in n fair way to be solved. “Tho credit of tho succossful inven. tion is duoe to a citizon of Illinois, Col. R. P, Monaan, Jr., of Bloomington. The first plans for rapid transit contom. plated subterranean roands. Buch n plan hos been carried out in London. But the dark- ness, bad alr, and unbealthiness incidont to such travel, as well 08 the enormous expense of tunneling, will probably prevent any fur- ther application of this systom, at least on a largo scale, Tunncla cannot be popular ag nicans of transit. The costly onoa under the Chicago River were a crowded nino days' won- der, but they are now used comparntively littte. There is an unfinishod subtorrancan railway in New York Oity, which is probably destined to stay unfinished to the end of time. In many soils, subterranean roads are an fmposaibility. Chicago can no moro be underlaid with tunnels than Venioe or Am. stordean could be. It is practically cortain that the successful rapid-tranat road will be an elevated railway, Thoe many plans submitted for such a road may bo grouped under two general heads,— tho arch and the post plan, Tho lattor has been tried on Greenwich street, in Now York, It consists of a series of T-shaped uprights, with rails resting near the onds of the cross-bars. The uprighta are placed about where lamp-posts usually stand, Half the road, therefore, overhangs the side- walk and half tho strest. This has not been a success, It is costly and yet frall Tho Greonwich street road broke beneath a car, not long mince, and several passengers mode a rapid transit to the other world, Morcover, only a single track s provided or possible, so that locomotion ia nocossarily slow and dangerous. The arch plan is that 6 Col. Momaaw, It is proposed fo erect iron arches across the streots valected, springing from curb to curb, aud strengthoned by lateral supporta so double track s then to be laid in the centra of tho street thus Luilt In the air. Tho rails and the girders supporting them will bind the serics of arches into one solid whole, As the arches will bo some foet apart, light and nir will not be shut off from the street below, The valuo of the property, for business pur- poses at any rate, will be enhanced, for the second story of each building ean be con- verted into n storo, renched direetly from the railrond. by a Uridge. Noiseless engines, which consume their own smoke, will be used, Ao that ity horses, inured ns they are to all manner of sights and sounds, will not be terrified by the passage of tho cars. The structuro is to bo an ornament to the streots it ocoupies, This plon has attracted much tavorablo at- tention. A committoo of tlhio Ameriean So- ciety of Civil Engineora, to which sevonty- six different plans for rapid transit were snb- mitted, rep orted that ** if support o takon at tho curb, the best plan is that sub-. nitted by Ricuarp P. Monaax, Jr.” Col. J. W. Apaus, the Presidont of tho Socioty, hiss sent the following letter to tho inventor : BROOKLYN, N, Y., March 1, 1578, —Richard 2%, Mor- gan, Jr,, Esq.~DEan Sz Your favor of the 27th ult,, commonting upon tho report of the Committon on Rapld Transit, etc., of tho American Boclety of Civil Englncers, s rocoived, 1 wiil communicato the same to the Socloty, a8 you requeat, 1 have oxamined it with Intereat, and conenr with tho concluniona which you state, As I wrote to you before, your plan scemed to me, when 1 examined it, to fuldll tho. conditionn required to furnish rapid transit in great citios, I am auill drm 1o’ that opinion, aud fully bellevn that your mtructure, with accasional modifications oa you have indicated to meet oxception- a1 conditions, s the beet which haa been presented. 1ts stabllity; eficlency, economy, tastoful form, and facility of construction, all unite to recommend 1t to public favor; and, in theso rewpects combined, [t pos- senses merita which no other plan yot auggestod does, snd which, T doubt uot, will $n practice, i€ it shall bo conatructod, satiafy fuily all tho sivectations of ita frienda aud the public, You are at liberty to mnke snch uso of this letter as you may seq 8t Very respoctfully, &c,, Jreivs W, Avass, Civil Engineer, Tho New York IHerald of the 12th inst. says: Distinguiahed engineers have tsken the subject in Band, and there seoms a settled conclusion in the minds of practical men that the elevated raflrond, completely apanniug the Toadway of tha streat, {s the oniy plan that combinos avatlability, strength, cheap- noss, nnd the advantage of being rapldly conatructed, A Commission of five persons is now sit- ting in New York toroport upon the differont plaus of rapid transit proposed. Col, Mon- 6aY will Iny his beforo the Commission, A favorable decision upon it is confidently ox- pected. It certainly scems to bo by far the ‘best schoma of the sort yot invented. DEMOORATIC SCARE IN OHIO, Mr. Gronar: I PeNpreroy, the great Ohio Greenbacker, opened the campaign in that Btate undor circumstances that indicate thint ho has got badly scared, and he plunged wildly into tho defense of that part of tho platform which ia known to the country ns proposing inflation of the ourronoy by doub- ling the nmount of tho legal-tonders. Ifere is tho platform itself : Eighth—That the contraction of the eurrency hero- tofore made Ly tho Ropublican party, snd the further contraction proposod by it, with a view to tho forcad resumption of specle payments, has already brought disaater to the businesa of tha country, and threatons 1t with genoral bankruptey and rum, Wo demaud tlat thia policy ba abandoued, and that the volumo of curroncy bo made and kept equsl to the wants of trade, leaving the restoration of legal-tendors to par with gold to b brought abont by promoting the in- Qustrieu of tho people, and not by destroying them, Ninth—That tho policy already initintad by tho Ro- publican party of abolishing logal-tenders aud giving Natlonal Banks tho power to furnish all the currency, will sncrease the power of an alroady dangerous mo- nopoly aud tho ouarmous burdens now oppressiug tho poopla withont any compensating advantage, and that wa oppose {0 thia policy the demand that ail the Na- tional Bank circulation bo promptly and permanently rotirod, and Iegal-tenders be {sausd in their placa. Tenth—That public {utereat domands that tho Gov- ernment should coass to discredit ita own curroncy, and should 1ake §ls legal-tonders recoivablo for alf publio ducs, excopt where tha respoct for the obliga- tion of cantracta roquircs psymont in coln, sad that we favor tlio payment of at loast ono-half of tho customs 1u Jegal-tonders, Kleventh~The extinction of tho present National Banks, and tho establishment In their stesd of n sys- ton of free Lauks of discount and deposit only, under such regulation s tho Stales may respoctively pro- acribe, and no papar curronoy excopt much as may bo isaued directly by and upon the suthosity of tha Gon- aral Govornment, This platform, Mr. PeNprerox insisted, was in favor of an early if not immedinte roturn to specio payments | He doclared that it did not moan a dopreciated ourrency | That tho Democrats were in favor of coin as the basis of currency,—that is, a paper our- roncy redoemablo on dewand in coin ; that tho party desired a curroncy convortible into coin ns speedily as the intorests of labor and Lasiness would permit ; they would bo glad toreturn to spocie poyments immediately! Tho Domocratio party was not in favor of ropudiation, and believed it to be the Lighost duty to pay tho nalional obligations. They were opposed to a large volume of currency fluctuating in valuo at the whims of specula- tors. He doclared that the platform—and ho intorproted it as ho understood it—wns a hard-money ons ; that ho was o hard-money man!! and believed that & roturn to spe- cio payments should bo the end sought by every act of logislation, i The Ohio Convention passed its resolutions on the 17th of June, and for six weocks the various Domocratic candidates and all the Domocratio papers in Ohio, under the load of the wild-cat Enguirer of Cincinnati, have beon declaring that the platform meant groenbacka not only as a mubstituta for Na- tional Bank notes and other paper ourrency, but 08 p permanent substitute for gold and silver; that it meant tho extinction perma- nently of coin 84 a standard of valuo, and the substitution of irrodeemablo shinplasters not only as n temporary ounrrency, but ns ‘“‘money,” stampod as sach by tho Govern. ment, and to cizoulate as monoy witliout re- demption in time or oternity. These papors and orators have understood this platform as all the world have understood it,—as declaring the exclusion of gold and silver as & moans of paying the national debt, and as o reduc. tlon of the whola bonded debt of the United Btates to tho form of non-interost-bearing groenbacks. Tho odium and obloquy which thisplatformhas elicited, and the revoltamong tho honest portion of the Ohio Demoorats ogalnst it, has ovidently scared Mr, Penpre- ToN, and in his speech he publicly sccks to tako tho platform back and to put his party on the most advanced ground of par paper, hard money, and immediate resumption of spocle payments. It is too Iate for this cam- paiga in Ohlo, The Interior says: * Tax Cmiosco Tarp- UNE goes behind the individuality of the Interior to select and attack one of the editors for an article which ha did not write.” As this proves nothing and answors nothing with regard to any poluts at {ssue between Tax Tawvia and tho Jnterior, it only re. meins for us to ask the Jnierior what it means. Is tho editor of the Jnlerior one man or two mon? Is Prof, Parrow editor, or ls some one else editor? Does Prof. Partox dioctate the policy of the e leriory oz doss noma ane } or who is the man? And if Prof, Parron is editor, and monio ono else is editor also, does the firat nanied disngroo with the second named and rofuso to recognizo his articles, or what? It has boen very generally supposed that Trof. Parron wns the wlitor of the Juterior, and was responsible for what it contained. But, if tho Professor is not rcsponsible, who is? Or is no one responsible ? Or doca the Pro- fessor attend only to tho dogma and the 'akepllcs and Prof. 8wivg, or do both oditors hiave the right to disagreo with ench other ? Moro light is wanted that heroafter we may not waste our powder on a myth, AN ABSURD PROPOSITION, The Penn Monthly, of Thiladelphia, enger to do something in connection with the forth- coming Centennial, has sot on foot n move. ment to ndopt some sort of an officinl namo for “Tho United Btates of Ameriea,” upon the ground that this is not a name at all, but only n deseription. The proposed change, however, is absurd, for many reasons, one of which is, that it is entirely unnecessary, 'fo all intonts and purposes, the United Hintes are known the world over a8 **Amer- ien ” and the people ns Americans, just ns, in speaking of tho United Kingdom of Grent Dritain and Iroland,~which is the official designntionof that country,—we say England, and eall its peoplo British, Tho United States are known in Eurcpe as Ameries, and all our people travoling thero as Americans, »In Canade, in Mexico, in Cubs, in South Ameri- ca, wa aro known ns Americans, and no other people outside of tho United States aro #o desiguated. The people of Caondn are Canadious, the world over; of Mexico, Mexicans, the world over; and so on, but never Mpericans, and oven the Mexicans nnd Canndinns recognize the distinetion, 'The foct is overywhere nssumed that the United Btates comprise tho more important parts of America, and that it is the manifest destiny of what isleft, soonor or later, to be incor- porated into them. Tho world, therefore, has come to regard us as Amorica and Ameri- cans, aud by common usage las applied thoso terms to us. Being known, therofore, throughout tho world as Americans, what uso or sense ig there in ‘‘adopting a name™ by which we are alrendy desiguated from one end of the carth to tho other? Aswell might the peoplo of the States of Germany or tho former Kingdoms of Italy chango tho nmame of their country to Germany or Italy, 08 thoy nlrendy aro s0 named. The United States of America is only an offlcinl titlo, The world has christened us America, and America let us romain, THE NEW ENGLAND IDEA AGAIN. The recent article on * Now England Ideas,” printod in Tun Cutoaco I'ninuxe, in roply to Pnesron’s attack, scoms to have ar- roused very goneral discussion throughout the South, mors particularly that part of it relativo to the Now England idea of nll men worling, a8 opposed to the Southern iden of whito idlencss, While in New England all persons work who can work, in the South one-half the people work and the other half, 850 rule, live upon them, thus destroying the surplus of production each yenr. To this proposition many of the Southern papers take objoction. Wa have already guoted from the Momphis Avralanche n statement that the whites of Tennesses are going to work, and now comos tho Augusta (Ga.), Sentinel with a atatemont which is ovidently intended to be a clincher. Tho argument, however, is a very old and stale ome, the fallnoy in which hos beon shown over dnd over ngaln, The Sentinel tokes tho ninth census, and, comparing six of tho Southorn States with the six Now England States, finds that in proportion to population New England has a larger porcontago of paupors nnd crim- inals, and hence argues that tho South iw moro industrious nud loss vicious than Now England. Tho nbsurdity of this statement is of courso apparent by a comparison of the fruits of lnbor of all kinds in tho two scc- tions, Placing tho results of agricultural and mechnnical Inbor, of mental and intelloctnnl’ labor, of commerco and the arts and scicnces, side by aide, no ono but a lunatic would dream of casting a balanco in favor of those Bouthern States. Thosurplus is immensely overwhelmifig in favor of Now England. Tho South has but o small surplus of product. Now England Lias a large one which gaes into savings banks, into investmenta of all kinds, and into public charitics. But says the Sen- tinel: The nix Bouthern States with one-fourth mora popus Itton havg only ono-fourth as mony paupars as Now England, ~ Goorgla has & population of 1,184,000 Msaachuselts, 1,437,000, Goorgls haa 2,181 panpers, Manaschusets has 8,030,—27:4,000 more population, tour timea an many paupors, Florlda hias a populstion of 187,000, Rhodo Isiand, 317,000, Ylorida has 147 pane pery, Ithode Island has 1,046,~10,000 moro population (17 por cont), 899 more paupors (600 per cent), With regard to orime, wo find that in the New England States, with tholr population of 3,476,000, thore wero 4,067 persons in prison on the Ist day of Juno, 18705 i1 the uix Southern Blates named, with & population of 4,404,000, thero were 5,163 persons in prison, With 1,000,000 less popuiation New ¥ngland Lad 802 more criminals—and criminals aro callod the frults of 1dle- noss, Masssohusoits, with her 1,457,000 poople, had 2,628 criminals, whils Goorgia, with 1,134,000 people, 1xd 737 criminals, The figures oro probably correct. But what occasions this disproportion ? Has the Sentinel not yot found out that tho groat tide of forolgn omigration sets in to New England and New York, and that while the industrious and onterprising emigrants tako tholr little monoy and go Wost, settling down all over Llinois, Wisconsin, Michigan, Minncsota, Town, Missouri, Knnsas, Nobrasks, and the Torritorios, the lazy, the wealk, the thriftloss, do-less, nnd vicious,—in other words, the paupers and the materials of pauperism and’ criminnls,—immediately sottle down in the largo cities, and thore thoy stay and feed and proy upon the community. ‘There is no powar sufficient to move them. Thoy live upon the charity and taxes of socioty, They live a8 beggars and tramps, end eventually those ‘who do not drift into tho almshouses become thieves, and pickpockets, and burglars, if not worse, and dritt into tho bridewalls and peni. tentiarles, and, whether in the alms. houss, or bridewell, or penitentiary, bocome a burden upon the Btate. Those classes do not go to the Bouth because they would atarve to death thero. There is no surplus of product there, and no organized charities for the,eupport of tho helpleas and thriftless classes, It is only where there is a surplus of product that they can live and be sup- ported at the cost of the general community, Hence tho Northern cities are running over with this scum of the European cities, pours ing in every year in inoreasing numbers, be- oause it knows it can be supported in idle- ness. But does not the Sentine sco that tho vory argument it has adduced only goea to prove the statement we have madef The New England people not only work and sup. port themselves, but thoy produce n suflicient surplus every year to take cara of theso indo- lent, indigent, and viclous classes which Europe sends over by . ship-loads, and which fasten themwslves upon ths Mosthern oitis like loschea, By the Sentinels own showing, the Soutliern Btates have ono-fourth ns many paupors as New En- gland, and theso paupers holong to the na- tivo population, born and bred upon South- orn goil. What wonld the South do if, na in tha cnwo of New England, thousands of pnu- pers and eriminals wore emptied npon her sliores every year from European almshouscs and penitentinrios, the offscourings of tho Europenn cities mixed in with the industrinl olnsses? This is whera the argnment of the Sentinel londs, In such a cnso the confusion and distress growing out of the lnck of labor at tho Houth would bo immonsely incronsed, and. both life and property would become more insecuro, —— PECULATION A8 A FINE ART, The story which wns printed in our looal colmng yestordny relative to the appropri- ation of 2,000, first passed and aftorward rescinded by tho County Commissloners, for ihe bonefit of tho Humane Sooiety, it a curi- ous illustration of tho circuitous ways of offieinl peculation, Mr, Denicrsoy, tho Prosident of the Humnno Bocioty, applied for the appropriation of $3,000 for n vory worthy objoat, It was rofarred to n committee con- sisting of Messrs, Coxnry, MoCarrary, Jony- BoN, Cannory, and Somsot, who reported ngainat it. Mr. Dreniogsoy thorenpon dis- missed the matter from his mind, But, not long nfter, it seems that n mnn named Kino appronched Mr, DenicrsoN with the infor- mation that ho had somo peculinr influcnco with Messrs, Oannort, and McOarrney, and that ho could got the approprintion passed if Mr. DentoxsoN would nssure him (Kino) omployment by the Bociety at a snlary of £1,000 a yoar., Mr, Dentoksoy declined to enter into any agreoment of this kind, as ho happens to bo one of those gontlomen who will not countenance politicnl bummer borgaing for squandering tho people's monoy. It scoms, however, that his roply was miscofistruod, or that Ko determined to trust to his own genoral experience in poli- tics, which wna undoubtedly opposed to Mr. Driioxgon's position. At all evonts, §2,000 was approprintod not long after, and Mr, Kina camo around ngnin, aad, it is reported, demanded his $1,000 place. Mr, Dgenicksox snid he had no places to disposo of, and that, if ho had, ho would not give ono to Mr. Kixa, who had demonstrated his own unfitnoss by the previous conversation. Boon after, Mr, DentorsoN recoived information that unless Ko recoived the placo the . appropriation would bo rocalled. Mr., Dentoxson still deo- clined to bo a party to tho transaction, aud tho nppropriation was recalled by the County Board. Thig id the story in detail. Its real menn- ing is that the Counly Commissioners voted away $2,000 of tho peoplo’s money in order that a politieal bummer and wire.puller might enjoy half of it. Then, finding the aforesaid bummer and wire-puller was not going to ro- ceive his *“swng,” they doliborately reacinded the appropristion. We do not recall n more glaring and *chooky” ndmission thnt money is voted away by public Toards, not for the public benoefit, but for the bonefit of particular individuals who live on the public. Wo do not say that all the Coun- ty Commissioners who voted for the appro- priation did so for the benollt of Kixg; some of thom may have dome so becanss thoy thonght tho cnuse was worthy of tho nssist- ance. DBut it is very ovidont that there were onough membors of the Board influenced by this consideration to pass tho appropriation in the first place, and to rescind it after it was nscertained that Kmvo would not bo a beneficiary. The Commissioners who have boon placed nuder pecaliar suspicion in this cnso are Messrs, Oarnorn and MoCareney, ond the ciroumstances of tho case leavo all who voted for tho appropriation under moro or less suspicion. It is in tho interest of tho innocont Commissionors, therefore, that this transaction be explained to the satisfaction of tho tax-pnyers, Binco tho abovo was written, Moasrs, Oaxn- nowy, and McCarrney have mado statemonts in referenco to the matter, tho former ad- mitting that Kiva lobbied hard for tho Bocioty, whilo Commissionor MoOairrmry mnkes an oxplanation to the effect that he vot- od for tho appropriation to please some Indics who bogged for it, and moved to reconsider to pleaso somo constituents who were dis. satisfied with it. We aro quite willing to give the two Commissivoners the bonefit of theso oxplanations, only remarking that they have not yot satisfnetorily accounted for Kina's connection with the affair. Tur; 010400 TRILUNK, i its graphic but imagina- #iva account of the probablo fats of the lost balldon~ iatu, rathor plutuly hiuts that, when thinge gat desper- ats, Prof, DoNaLDsoN throw tho otlier man overboard 1n order to savo himsalf,—Sew York Graphie, Noauch bint was over given in this papor, DoNALDEON was & professlousl gymnast; hls companion was not. Nothing is moro likely than that Donatpsox should have bocn able to en- dure tho strain of holding on to tho ropes whila belug dragged through thoe wator much lobgor than the dollcate Loy who accompanted him, Thore is anothor probabllity In conneotion with the sudden rising of tho balloon from the water, a8 doscribed by Capt. ANpEnsox, of the schoonor Littlo Guide. When the abip was turned in tha diroction of the skimming gas-bag, it was ag plaln to Doxarpsox a6 to Capt. ANDERSOX that tho balloon was galning on the schooner -in the chage, It i fair to suppose that he cut the ropes whiok hold the car, and awalted rosoue by tho voesol, Tho balloon euddenly, shiooting up iuto tho alr misled Capt. AxpEnsoN ss to the facts, and ho put about,—thus depriving the un- fortunatea of tholr last ohiance of eafety. If this was tho caso, doath relleved thelr sufforings 28 8000 8 the equall struck them, Tho intellectual department of the. New York Herald has condescended to regard with favor » propouition medo by ope of its exiles to esteb- lish an Intor-Collegiate Rific-Matoh, to poesess the same attractions ma the Doat-Race. Tho proposition is » good one. Intollectust compoti= sion sliould not stop here, howover. An Inters Collogiate Mauling-Mateh aocording to the rules of the P, It., an Intor-Collegiste Dog-Fight, and an Tater-Collogiate Rough-snd-Tumble Conteat, should be urged as necossary eventaof the col- lege-year. Itis gratifying to find the imntolloct- ual exlles ntersating themselves in tho mental development of an allen youth, — e OBITUARY, JAMES A, BMITH, Another one of the older citizens of Chicsgo has passed & Jaxes A, Burru diod yester- day mornlog. For & little more than fotfy yoars the name of JAuss A, Buitt & Co., precisely in {ts preaent fornt, has occopled a position over one of our firat busluess houses, aud einoe the olosiog of the finn of J. M, Borsroxo & Co., it we mlutake not as tho fire of Ootober, 1811, this has been the aldest in Chicsgo. Jauzs A, 8a071 was born in Pacis, Onelda Coun. ty, New York, June 24, 1807, and he was therefore » little more than 68 years old. Ko came to this olty inthe apring of 1835, and established a hat, cap and fur store, and for many years his was the leading bouse in that line in the oity. He was buraed.out in 1830, in 1857, and in the great firo of October, 1871, In the firat two oases the fire was quite geners), and that of 1871 was tha moat terrible that ever ocowred in this or aay oiher oity, The eoterprise snd tha energy of Mr, Burest wose aqual 40 avery dsuargensy, ‘ ind his was always among ths firat firma to ro. sumo husinesa after overy calamuty, Hey il years ago hio bought out the Amerienn (Cir - TEAU) I'ur Company, and eallod his now fin tho Northwostern Fur Company. This bustnsng took him every yoar far into the Northwostry Interior, among tho savages, and his kind eag thoroughly honest troatmont of $ho Indians a). waya socarod him and his stoamer from moloata- tion. Once ho went 80 miles among & hins. tile tribo and scitled a vory importing mattor to tho satinfaction of all partis, He wss ofton & companion and always a groat frioud of Father Dx Buer, whowo namo will aver have an honored placs among tho Indisn annals of tho Northwest. Tho North. woutern Fur Company continned business as long as Mr. Barrit and his aseociates found 1t profitable, Thna the oldest firm in thoe oity has boen fer- evor dissolvad, Mr. Smimst wos always num. berod amonyz our most honorable merchants and beat cilizons. Ia was proverblally kind and courteous to all about him, Immedlately aftor coming to this city, Mr. and Mre, 8MITH Cone noctod thomselvos with the First Presbytorian Churelt, and aftorwards with tha Becond, and thoy Liave alwaya boon among its most oxan- plary and useful mombers, A trne, a just, a £ood man Lias passod away, and his momory lg blessed. POLITIOAL NOTES Milton Bagler, of Cincinnati, it is expaoto Y, will oxcito tho sdmirnifon of tho country next wintor by declaring from hia seat in Qongress thnt he bas no sympathy for tho Ohio inflation platform. Tho Now York Herald Is vory much afraid that **tho ora of good feoling " will not continue if tho Bouthern colloges are not invited to tako part in tho noxt regatta on Baratoga Lake. Tho ora of good foeting™ sppoars to bo a delicate growth, and ono that ought not to bo intorrupte od for slight causos, ! Gov. Allon sald, in his Nowark apeach, that 83 per cont of tho Membera of Congress woro * contralled by Natioun!-Bankors and bondhold- ora.” As 8 majority of tho Mombors of Con- greey aro Domocrats, 1t would Room ateo that a majority of tho Democratia party is ** controllod by National-Bankers and boudholdera,” The Ballsbury (Mo,) Press ia a rabld inflation organ, aud it may bo considered s apoaking with autlority when it says that thoro is but one leading jourual of any'uotoin tho Btate of the samo way of thinking. Missourl, after all, is uot utterly given ovor tothe rag-monoy fook ishnoss, Hurotofore, it has beon ousidored the moat hopeleas Stato in the Union, Ex-Uov, William A. Bigler, who has signifled bia willlngness to accopt the Democratio nomina. tion for Governor of Pennsylvania, haa boen politically dend fourteon yeara. Bolicitous friends of tho party in Ponusylvania objoct to bringiug Mr. Bigler forward ot thia time. Thoy eay the tato of Allen in,Oblo and Lefer in Minuosota ought to be decided botore any moro retired vet- erans are presacd Into active sorvico, The Domocratio party is prapared, of courss, to necopt the responsibility of seating a Proteo tionlst mid pard-money man In tho ohair of Bpeakercf the Houno of Reprosontatives. Thatis what it will have to come to, Mr. Sam Randall I the man. Ho has, or claims to have, 90 votog pledged; and doubtloss lla peculiar rocord, which antagonizea thatof the parcy in the Bouth and West, will not bo considored an isuporabls objection, The Dubuque Zelegraph wanta to know why Tax Cntoavo Taipuneis not willing to have the groenbacky do a8 much service now in time of poaco as thoy wero admitted to doin timo of war. Certainly, Tue Tiununz is quite williog, As id was au ** imporious mnocessity " that tho greon- backs should bo {sauod, 80 aleo it ia * an 1mpo- rlous nocossity ™ that thoy aball bo redeomed ns Boon ag possible. Tholr usofulness will not be ouo jot diministied by thoir appreciation to par. The Youngstown (0.) Reqister hasmors to say of Judge Relloy's rocont speech on the curroncy ot that placo: **It was in spirit plain Commnne {er, undisguised robbory, a cloar proclamation of war of tho poor upon tho rich, of the waste~ ful upon tho providont. Inflationists wers no lese outraged than othors. Thed chagrin and morlifleation wore, indeod, greator, as it scomed to them liko flling a pall with milk and then Licking it over.,” Tho spoech as delivorsd was vory difforont from tho published roport. When the candidates for Btate offices in Ken tuoky got up in the mountains, it seoma thay olectioneer in a elightly dlfforent way from what thoy doon tho plalns. The Hon. Mr, Under- wood and tho Hon. Mr. Boyd, candidates for the Lientonant-Governorship, aro in the monne talos at prosont, Mr. Boyd makes speochies, sud Mr. Undorwood replies to them by privato talke with tho poople. Ho Is & flral-olass porformer on tho viviln, aod ho koocks overything cold among the mountain-poople, Boyd is nowhers boside him. Undorwood will get into a crowd at a danco, and got Lold of thoe Addie and play, oroating tho wildeat enthusinem. Hoiaa darling smong tho mountain boya and girls.—Lezinglon Press. . Gen, 8. F. Cary, Domocratio osndidate for Lioutenant-Governor of Ohlo, asserted, in a lato apagoh, that Thomas Jefferson and John O, Cal- Loun favered a systom of fnconvertible paper- monoy. In support of his position, Gen, Uary quoted what purportod to be oxiracta from the published writings of thoso mtateamen. Now comos Qeorge E. Pugh, and challonges Gon. Cary to verify his quotstions, or to show from any page of Calboun or Jofferson that elther of them belleved in making any form of Federal indobtednoss compulsorily s legal-tender botween twg private citizons. That, in the judgment of Mr, Pugh, {8 the pecullar vico of tho greonback, ** No bank-note, in this country, ever containod that elemont; the notes of the National Banka do not now contain it. And there lsno procedent for it, in our country, since the Constltution of tho United Sia rag adopted.” — PEBBONAL, Norfolk, Va., talks of contenulalizing Tom Moore's visit. Otive Logan i at the Dranch, but that. does not indivats nny olive-branoles of hor own, Tho Rev. J, N. Olark, of Indianapolis, and the Rav. J. P. Hairo, of Ripon Collego, are stopping % Lhe Brovoort Houso, Gratifying to know that Tweed haa baon come pelled to give np €500,000 of his stealings, even though it was to his lawyers. A number of potato-bugs {in Framingham, Masg,, wero struck by lightning the other day, and buriod fo & hole 8 fees doop. Boheuck has gone to.Bweden to corrupt the falr-haired peasants with his handbook, leaviog Col. Hoffman in charge in Loandon, Bacred sorvicos are hold Sundays oa tho bases ball grounds in New Haven, presumably for the purpose of praying for tha New Haven Olub, ‘The English epldemlc of orimo {a the theft of Iadiow’ dreases at rallway stations. The thioves bave not much to steal when they take them, A dissppointed Mitchell Gounty (N. 0.) lover, aged 18, hangod himsolf; a jilted Frenchman threw torpedocs in the way of the bridal procose sion, The Iateat conundrum at Vassar: How do we Imow thero is & lsandry in Heaven ? Becauss :::u must be & place todo up Abrabam's jom. ® 1f Mr, G, W. Childs, A. 3L, willfully negleots _ his opportunity of writing & foor-in-Land elegy on the late Baltimore quartet, he will do a very ‘un-Habnsome thing. Oapt. Willlam H, Thorwegen, the commandet of tha Groat Bepublio, the largest and most sle« gsnt steamer on the Missiasippi River, w spends iog a fow days in the city. Tho intelligent Juryman has removed to Oln- cinoatl, This iu the lateat, ne vouched for by ihe Gausiie: “*We, the jury, find that the said Louls Fillman eame (o his death by a atiod scck