Chicago Daily Tribune Newspaper, July 30, 1875, Page 4

TERMS OF THE TRIBUNE. PATEP OF STTECRITTI N (TATANLE TR ALVANCR). Pustase Prepaid at this o SN0 | A vobly, e B0 | Fun el Tt oup 2.00 t the samo rata. Bpecial arrangoments malo with auch. Rpecimen coples sent free, To preveat dolsy and mistakes, I sure and give Trat-Oftice sddress 1o full, {ncluding Stateand County, Remittances may be made either by dratt, express, Post-Office order, or in registered letters, at our risk, TERME TO CITT STRYCRINE! Daily, defivered, Buniday oxcorted, 23 centa per week. Datly, delivercd, Sundsy included, 30 cents per week, Addrens TIIE TRIBUNE COMPANY, Oorner Madisan and Doarborn-ata,, Chicugo, It AMUSEMENTS, ADELPIT THEATRE—Dearborn Monros, * The lec-Witch.,” street, corner FOOLEY'S THEATRE—Randalph strest, briween Clark anid LaSalle. Engagement of the Union Bquare Company, * The Two Oryhana” e ——— "SOCIETY MEETINGS. WABHINGTON CIIAPTER, No. 43, R. A, M.—fpe- Angnst, Oats were nctive and irregnlar, closing nt 50Ye oash and 41c for August. Liyo ynite ond a shads firmer, st 80c for Aapnt, Bariey was active and woak, clos- iz nb S1.00 for Scplember, Hogs were act- ivo and clowed stroug at 5@10e advance, Cattle wers in better demand aud were firm. cr. Sheep wero inactive. ] Tnep Dovarniss is out in o letter explain- ing his recent Hillsdnlo' spoech, which ealled forth not a few indignant protests from prominent colored mon, one of whom, the Ttev. Mr, Tassen, takes Mr, Dovaniss se- verely to task in tho Inst number of the /a- dependent, Mr, Dovarass now nays thint he did not menn to Lo understood ns advising the colored people to leave the Republican party, for the time s not come for such a depnrtnre, though the futare their voto may be divided between the two political parties, Hut for the present the Demoeratio fold is no plee for the colored lambs, flo adheres to his remarks concerning tho small proportion of henevolent schemes which have really benefited their putative #tal Convoention this (Frilay) lcvcnwxh at 'l:-'xo for work M, Degree. By order of the LU #¥ TR, 3. TROWHRIDGE, Bee'y. BUSINESS NOTIGES. THE UNION OF THE MOSES, THE WHITE AND ;hfl rad, is “‘J' ;'flf‘:‘lli.\hll:’ \'\nn!lhl\ IM; A!‘ :‘-“- M 11l wi 's Bloom of N Ty cemaetic ameially sanctionad by thoeaitary suthorl- et d by all druggists, The Chicago Tribune, Friday Morning, July 30, 1878. Greenbacks advanced yesterdny in New York from 887 to $9, but reactod, and closed at the former figure. The exchange of postal moncy orders be- tween tho United States and Canndn will commence next Monday, in necordance with the action of the recont postul counvention between tho two countries. RSO Thera is to be no compromiso of the caso of Col, Baxen, tho Britich oflicer who miade an indecent assnult upon Miss DicrINsos in o objeets, the freedmen, and calls attention to the exclusion of colored representation from the American Missionary Society, and to the fact that the Howard Univemsity, built of money due to dend biack roldicrs, is likely to be used for relfish and scetarian purposes. Mr. Dovazass asks for the negro a fair chanco in the mee of life, and then **if ko can't livo Lo hies no right to live,” e et It scoms to be very difienlt to make up that Commnission that is to investigate Prof. Mansit for his wickedness in bringing charges against Secretary Drravo, Senntor Monxutnz, one of the two good men on the list, hins refused to serve. It comes ot now thnt Congressman Sgrnve, who would also isvo been a good man, was tendered a placo, and only declined breauso he discovered that the Committee had no power whatever to compel witnesses to appenr beforo it, or to make those who did appoar answer any dis- ngroeablo questions, Mi, SEELYE was un- willing to pose as o lay-fgure. Terhaps the same unwillingness may have been the mat- ter with Momurn, It is probablo that Mr, Deraso heard of the declination of theso two rnilway carringo. The Grand Jury nt Croy- don yesterdny fonnd an indictment for mis- demeanor agninst Col. Basen. ? poslti ek A reformed dronkard at Milwaukee yester- dny, seized with remorse, the saquel of deeds done in the days of ante-reform, cnt off his left hand, This measure of reform wns probably institated on the lucus-a-non- {ucendo priuciplo that his left hand had never “listed in™ a dose of Milwnaukeo poison, and that he would bave one less hand with which to make nmends to tho family which ho hind once villainously maltreated. Arrangements have Leen completed and tho contricts signed for the fast mail-train between Now York rnd Chicngo, which will commence running on the 1st of October. The train, consisting of four cars, constructed with especinl referonce to tho reception and distribution of mail matter, will leavo New York at4 a m. ench day, taking the Now York Central and Michigan Southern routes and arriving in Chieago ut 6 a. m. on the fol- lowing day, the trip occupying 26 lours. The scheme involves a completo reorganiza- tion of all the wystems of distrihution, nud when perfacted and put in operation will mark a newand important epoch in American raail service. The encouragement and immnnity which tho etiminal classes derive from the present lax administration of police affsirs fir Chi- cago are aptly and forcibly illustrated in n daring higliway robbery mentioned in our local columns. .At 11 o'clock at night, an hour whaen, at this seuson, the streeta nro rarely deserted, n gentleman is stopped upon & popular thoroughfure by threo Lighway- men, and, under peril of a cocked pistol at his head, Is robbed without making an outery. When the robbers had fled tv a safo distance n policeman made his appearance,—as usual, just in time to be too Iate. Tho citizenis by law deprived of the privilego of carrying a wenpon for prrposos of solf-defenso, but a eity full of thioves and cut-thronts are permitted to range through the streots armed to tho teoth by dny and by night. Thero is an inequality abont this thing which is exasperating, and which crentes a longing for the summary methods which prevail in localities where vigilanco committces aro found essential and conveniont. Wo publish this ;uorning an ontline of the forthcoming report of the Chicago Commis- sion appointed by the Mayor to investigate tha condition of the foundations and walls of the Custom-House, This Comimission, con- aisting of City-Engineer Cursannovan and six of our leading architects, wus created with o view to making such tosts and exuminations ns should gatisfy the peopls of Chicago ns to the real facts in tho case, na thers existed in tho community a feeling that architects who woro thoroughly ncquainted with the peculi- arities of the soil underlying the foundations would be ablo to determine the fate of the unfinished building in a manner more sat- intactory and conviucing than o Commission of strangers, howaver cowpetont and impnr- tial, could ponsibly do. From the outline furnished to the pross, it nppeans that the Chicugo Comumission will submit a report contrudioting in all its materinl points the re- port af the Commission appointed by the Becrotary of the Treasury, ‘The local exame- iners find that tho soil L3 amply sblo to wus. tain the weight of the ' foundations ond the superstructure, and they wilt an. nounce ay their duliborate verdict, rouched wfter weeks of carcful aud thorough investi- gation, that thero is nothing in the way of the inunedinte resumption of work upon the Custom-Houss, ‘Their report, while it can- not be expected to outweigh the oflicial re- port of the Government Comuwission so fur a4 to alter Becretary Buistow’s detormination to procosd no farther with the building, will novertheloas receive duc atfontion und con- sidoration @t the hauds of Congress, with which will rest the finul disposition of tho watter, — Tho Chicago produce markets wers rather onsettled yosterday, Mens pork was leas ac- tive and firmer, closing st 50 cash and 20.67 for Scptember, Lard wos quict and be per 100 fbs lower, cloadng at $11.25 cash $18.45 for September. Alvats were quiet and unchanged, at 8}@82c for shouldors, 11jc fur short ribs, and 1% for short clears. iyl 4 wers in betlor demnud and steady wt AL Labu freishts wers ddull wnl 3 Sife for « 1 L) Balinlo, [RUTRRG YO VWi wos active lower, 4 0L S1L16 fur August RLIBY for Beptembor. Corn wub quile e bre, and Bpipde lower, ueeag ab wfe tur Fuo clual gentlemen without overpowering grief. An Omahu dispatch, printed elsewhere, gives & most decided hint a8 to the amount of evi- dence concerning frands committed, which ean be obtained if the Commission will push their inquiries in tho proper spirit. Ouo person testities to having put up eighty- seven pounds of flour in sacks that wero turned in at one hundred pounds, The samo party instances another ense where a boef- contractor lost seven hundred head of cattle Dy troezing during thoe extreme cold wenther of last winter; yot tho Indinn Agonts gave receipts for theso frozen nnimals, while the carcasses were loft on the plaing, food for wolves nud carrion cr TRE ILLINOIS GRATN-INBPECTION LAWS, Tue Twunuse yesterday published an ex- pression of lending and intelligent members of the Board of Trada of the grievances which prodngers in the Northwest and mer- chants in Chiengo suffer under the politieal system of State inspection of grain. Tho inets of this motter may be substantinlly ntatod ns follows: No grain reaching Chicngo con be inspected except by & politician who supports some particular person for United States Senator, That tho State inspec- tion of gmin in Chicago has never been intrmusted to an expert, aud even if tho Inspector wero an expert he has no discrotion but must rate grain according to certain cast-iron rules made by a Ioard of Commissioners profoundly ignorant of all things pertaining to thy subject. That these roqulntions ignore all considerations of climato, wenther, and soil, of scason and of Intitude, rating the whent of Southern Illi- nois and that of Northern Minnesotn by the sume inexorable test; and excluding the posi- bility that variotics may exist without loss of grade or valne, and, solecting ono varioty as o wtandard of ¢uality, holds all otbers to bo in- ferior in value for all purposes, Such a rulo is nd senselexs ag it I8 unjust, yot that is the infloxible inspection established by the State Board of politicians for the government of tho force of luspucting politicinus who are pensioned upon the praducers of the North- weat, to tho injury of the trade aud commerco of' Chicago. 'Tho inspection lawa of this State were in- vonted and framed to injure and divert busi- ness from this city, It was an ungracious nnd ungenerous blow at Chicago, instigated by the petty jealousy of other points, It wus done to forco pruin which uaturally would seek Chicugo to ‘Loledo, Milwnukeo, ond other places, It Lind also the apology of providing an asylmn for s corps of seedy paliticinng, where they might be supported Ly & tax on the trado of this city, and where ocensionnlly ten, twenty, or forty thousand dollars of public money-could be taken and placed where it would do them tho most good. For this prrpose the Legislature of Illinois hns cranted a Board of Inspectors, who meet overy bushel of wheat or other grain coming into the Stute from other States and tax it, and ignoruntly or maliciously stamp it as in- ferior goods, und thus reduce its valuo aa a commotlity, ‘I'he State has erected hero in Chicago & political tribunal authorized to stamp all grain coming Liere as of an inferior grude, nud its owners are thus deprived of tho real value of their property. ‘The effect of this law and this fgnorant aystem of inspection has boen to drive the producers of grain to other markots. Grain shippers all over the West have to rend their gruin to Enstern points direct or to Milwau- keo, in order to have it intelligently inspected and graded, or to send it to Chicago and buve it graded 4 cents o bushal loss thau the wawe kind of grain can Lo sold for elsewhoro, Another result of the State politiend iu. spection system i, that Inspectors pormit sbippers to send honeo two kinds of graln, ong of an inferior quality, in the same vessel, without requiring them to tako certificates sctting forth thu differout qualitics of the two parts and kinds of the cargo. A result of this dishonest and dingraceful practice is, that fu such easos the whola cargo is palmed off a8 of the highest grads, and, when pur. chased for @ consumption, the fraud is discovered ; aud Chicago politienl inupuction hna thus becowo wnnch a by.word for fraud that orders are now svnt o purchase no wheat in Chicago, but to go‘clsewhers, and pay o higher pricoforit. Thas so notorioun. ly ignorsat and Sruudulent is the State grain inspection in Chicago that both produccrs und purchnsers hold it in hoyror; tho one clasg regards it justly a8 o frand, and the other uy w Luouph the Statg iu- b ipecting e b Jaw i sucn dutory, Tt dovs nut pertuit ey rain Lo come to Chicns go sl pass iuto warchoiis without funpec- tiou by the Site pulitiviuns, who celect THE CIICAGO TRIBUNE | their tolla thereon, nnd then damn the chor- ncter of the grain by giving to it an inspee- tion character, Is this State inspection constitntionnl ? 1ns the Stato of linoix the right to exoreixe control and authority to seizo grain coming into the State from otlier Statos aud arbitravi- 1y compel the owners to have it inspeoted, and compel them to sbmit to that inspec- tion, and compel them to send their grain heneo stamped with tho grade which their ignorant and incompotent bummer Inspectors may chooso to place upon it? Is thisan exercise of the police power of the Blato, in- tended to prevent frands and compel honest dealing ; or ix it o regulation of commerco, under which tho State of Illinois attempts to fix the character, quality, nud of courso the value, of all grain bronght into Illinoia from sistor States 7 Has the State of Illineis any Inwful power to thus regulato tho tradoe and commerce between tho Bintes, and fix arbi- trarily the grade at which Kansas, Nebraska, Minnesotn, Wisconsin, and Iown grain shall Do sold in Chiengo ? In Milwankeo and in all other commercial cilies tho grain trade is managed by tho seller and the buyer. They practieally agree upon an inspection which is mutually salis. factory. 'Tho seller sees to it that hin grain is rated according to ita real value, and the purchaser satisfies himself as to tho samo fact before bnying. Such an inspection is satisfactory., Both of the intercsted partics nre represented in the transnction, and there i% no room for cheating or injury to either party. The business s conducted in a busi- ness way, by business mon, and the inspec- tion hns the confidenco of the wholoe country. ‘While«Chicago has been suffering in char- neter and in business from this wrotched sys- tem of political State inspection, tho grave question occupying the deliberntions of the State Inspection Depnrtment hins been how much of its surplus revenue could be deposit- ed in roften banks 08 a bnsis for credit to impecunious local politicians and starveling prints, Unless thero bo relief from this State uystemof inspection, it would Do chieaper for Chiengo to voto these poli- ticiang donble salaries, and have them shut np their shop, snd remove from this city, whoso trade they nre dustroying. In the menntime, wo suggest tho advisability of having tho question judicinlly tested whother the State of Tllinois has the power to arbi- traxily seize, inspect, and grade merchandise coming into the State from beyond its bor- ders to be sold liero or Leld for shipment to other States. This whole Stato inspection system ia n species of blackmnil on the products of other States seckiug & mnarket hero, which must strike nny man who will reflect as not only grossly wrong but palpably unconstitutional. THE MINNESOTA REPUBLICANS. The Rtepublican Stato Convention in in- nesotn has done credit to tho party, not only in its own State, but in its national relations, Its action waa particularly gratifying in that it joined the Ropublicans of Ohio, Wiscon- sin, nnd Iowa, in the approval of a sound ceurrency, and in recommending a stendy and persintont advanco in the direction of specio resumption. This part of its platform is n matter of general congratulation on many ac- countd. First, becnuwo it is right, Secondly, beenuso it indicates with certainty (hat there will bo no division of any importance on this question in the National Republican Conven- tion, Thirdly, bocause it furnishes n com- plete answer to tho slanders that have been cirenlated in the Enst to the effect that the sentiment of the West is favorablo to shin- plasters and repudiation, The harmony of the Itepublicans of Ohio, Wikconsin, Town, and Minnesota, on this question, is expecinl- ly gratifying to Tnr Ciocano 'I'minune, which finds ita arguments in favor of honest monoy reproduced by the Re- publican Conventions of theso saveral States, oand feels that its pursistent efforis in this behalf iavo not been in vain, Tho action of theso Conventions is also ighly creditablo to tho intelligenes of the Xcpublicans of the West, because it shows sufliciont intellectunl force to resist the deception of tho fallacious roasoning and sophistical arguments put forth coustantly by the currency-watering organs of repudiation, and at the same timo illlus. trates the impotency of this clasa of news- papers to compass the injury to the Repub- lican party which would ensuw if their sophis- try wore entertained. The entira Minnesotn platform is as sound, conservative, and intolligent us the portion which demands *“ that policy of finance which shall steadily keep in view the rotum to #pecio payments.” Tho tarilf rosolution could not be well improved, Tirst, a tariff is domanded that shall bo * atrictly for rev- cnue,” and this js mode even stronger by adding thab *it should be so adjusted as to bo least hurdensomo and most favorable to ] the intercats of homo indnstry and labor."” Minnesota is an agricultural State. All its interests ave opposed to the sophism of ¢ protection.” A protective tariff bringw no higher prices for grain, swine, or cattle, which remaina unprotected, bhut exacts from the people of that BState & larger proportion of their labor and prod- ucts to pay tho incronsed cost of their rail- rond irou, their agricultural implggents, their working tools, their clothes, boots and shoes, houschold utensils, and all the neces- sarios of life, When, thercfors, they say that a tariff ** strictly for mvenne” should be ro adjusted aa to bo “ least burdensomo and mont favorublo to the interests of home in- dustry and labor,” they mean that it should Lo chiefly imposed upon Lrandies, cigars, tea und coffes, sugars, spices, and other articles either not produced at all or produced to n Jimited extent in this country, whereby the dutivs which are paid shall go to the Govern- ment and not into tho pockets of competing maunfacturers in Ponnsylvania and New Englund. 'This is precisely the relief which tho home industry aud labor of this country peeds, snd it accords perfectly with the iden of a tariff alrictly forrevenua. T'he remainder of the Minnesota platform has been dictated by the same good judy- ment and honest intentiony nas the tariff sud curroncy resolutions, The demnnd that the railway corporations shall be held in fuir sub- juction to tho law-making power constitu- tionally exercised, is not only unobjectiona- Lle, but it is a generalization of the declsions thint hiave alrondy been given by the highest Htuto aud United Btates Courts, The expres. sions concerniug national relations are in the proper spirit. Gen. Guaxt's formal declara- tion that ko {8 not a candidate for re-eloction is warmly approved oy in kospiug with {he custom aud traditiou of the country; and the recont reform wovement, of the Adininis- tratton to collect the revenuy and punish fesid ere Lewstily cncoaeaged. ek wetion on the pit ot Blate o Tots is of the 3 il b Bodetd to the Bepmblicun pasty every- + whive. 1u tLeir rolutlony to the Stute Govornment, s Hopublicans of Mlunsiota vtoupy & poe FRIDAYs JULY 30, 1875. ! sition which ecannot bo ensily disturbed by ! their opponents, ‘They ghow a raduetion of Lao por cont in Stats tasation within the { Tuat two yours, which i in striking contradt with the resnits in Ntules controlled by the Democrats. They have set & good oxamplo by declining to make a formal nomination for Chief-Justice, in the desiro to clovate the choico of tho judiciary above mero party con. testa; but thoy advised the peoplo to vote for Judgo Chrrrnray, the presont incumbent, and it is probablo that he will receivo almost A unanimous vote in the Slate, The ticket which hns been nominated s hended by Jonw 8. Puisnuny, of Minneapolis, and is represented to bo o strong one throughout. All the former dissensions in the party of that Stata growing dut of the Senntorial quar- rels seem to have heen fully wiped out, and there is no question but that Minnesota will be more decidedly Republican than ever bo- fore, and contributo great strength to the porty at largo, THE CHARTER DECISION. The necond, and we presumo the last, de- cision nocessary in the gue warranto pro- ceedings Lrought to test the validity of the charter olection has been rendered ngainst the Mayor and Aldermen claiming the right to net under the ballot-box stuffed charter of 1872, The first decision in tho cano was given by Judge Boorw, who sustained the demurrers to the pleas entered by the conn- sel for the ballot-box stuffors, but gave them lenve to enter nmended pleas, The amended pleas were argned beforo Judge Fanwrwy, who gave hix decision yesterdny morning. e declined to pnss upon tho points already decided by Judge Booti, and merely roview- ed the new points brought befare him in the pleas as amonded. The demurrers on the part of the people hinve been sustained ngnin, ‘L'he principal points made so farare: (1) That minority representation shouid have been formally submitted by the Council at the time the chartor was aubmitted; this was mnde by Judge Booru; and (2) that the places of holding the election onght to have been fixed at the same meating the time wns fixed, while, as a mntter of fact, thoy were not fixed until some cight days be- fore the election was held, another ordinanco having leen pnssed for that purpose; this peint is made by Judge Farwern. It must be rememberod that no ovidence has been taken in theso guo warranio pro- ceedinga concerning the unquostionable ille- gal voting ond ballot-hox stufling, The de- cisions liave been on the proliminaries, and it Judges Boornt and Fanwrry are sustained by the Supreme Court, the matter will have to go no further. Tho charter of 1872 will then have been decided naver to have beon adopted. Tho counsol for tho people asked thnt & judgment of oustor bo ontered againat ity nt onco, but Judge Fanwern decided o the counsel of the conspirators the privilege of Dringing in another set of amended plona on Monday next, when ho will entertain them or not. If he does not, he will give judgment against the charter of 1872, ‘The Mayor and Common Council will, wo presume, take an apponl, which will leave matters in slatu quo until the Supremo Court shall pass upon the judgment of the Oircuit Conrt. Meanwhile, however, it is not lkely thnt the Mayor and Council will bo so rash ng to abolish and creatooflices ns they have been horetofare, in view of tho probubility that the charter which anthorizes all this will bo lield not to have been adopted. And tho Commission (Messrs. IIunp, ToLey, and Roor) nppointed to rovise the city ordinances in conformity with the chartor of 1872 will seo the propricly of postponing work mud ex. penso in this matter, under the strong proba- bility that no such revision will ever be needed. BONAMY PRICE ON THE ENGLISH CRISIS. Trof. BoNasmy Puior, of Oxford, has writ- ten a sensiblo little noto to the Indianapolis Sentinel on tho causes of, the English oriais, Wo published it yesterdny. Ho takes the path marked out by T'uz Tamune in its dis- cussions of the matter, but dovs not follow it a8 for. The destruction of capital caused thia crivis, o8 it doos all others, Tho greatiron interesta of England have been especially un- fortunate. Tho iron made hns cost more than it could bo sold for. * There hasbeon o large consumption of food, clothing, mate- rinls, and tools by the workers in iron; the iron produced hay not fotched back an equiv- alent in corn from Amerlen, wool and cotton from divers countries, ment and butter from England, and so on.” Thore has therefora boen a destruction of capital. 'The nation is less fitted to carry on business. 'The froe use of eredit postponed tho day of discovery for some time, Finally, the firms which had lost most hnd to stop. They could no longer malke up the deficit between tho cost and the selling-prico of their iron by discounting notesin bank, But they Liad long beendoing this, aud the banks were loaded down with bad paper. They wore, however, strong unough to bear the loss. Their resorve-funds moro than sustained the worthless notes. The panio thereforo ended whoro it bogan, in the money-market, ‘Ihis khows how tha crisis came. Why did it come? Why did tho ULanks discount bad paper so freely, and so make the continued distruction of capital possiblo? Bocause, as we have said before, the English monoy- market was overstocked with capital wecking investment. Thero was a plethora of wenlth, Good investmenta could not be found for it. 'The defaults in interest-pay- monts on American seourities, State and rail- rond, in North and Bouth America, had weared investors from our shores, It would bo ensy to show, while on this point, that ropudiation, defaulted poyments, and talk in favor of general dislionesty, has cost the Unitod States ten million dollars for every million that bos thus been shamefully and shamelcssly saved by cheating the European lenders, 'Tho rag-ravers groun over tho high rata of interest, unnindful of the faoct that it is they snd their predecessors who mako intoreat high by scaring capital away. En- Ml copital, thus deprived of its great flold of investment, sccumulated at the banks. The latter struggled to loan it at higher rates than thoy were paying fof it. Un. willing to let it lie idle in their vaulls while the intorest on it gnawed into thelr resorves, they loaned it without wufliclont care and cir- cumspection, And 80 a plethora of ocnpital caused the dubts upon which the panic fed It was bardly to be expected that the our- rency discussion could be dismissed without hearing from the venerable Pirzs CooPky, whoso screed 18 printed by the New York Erening Pout, probably for old aoquaintance’ ko, Mr, Coorss, liko everybody olse, haa a specifio remedy. Al that is necossary to duo—aond Mr, Coores iy very sure about this —is to have the Goverunient receive the (:reenbacks in payment of dytiss on forsign gouds, estimating their valus at the time they are vocoived, and adding the duty on gold ‘fuls plan, Mr, Coorxs thinks, would Lave & tendency to keep greoubncks at par with gold, for it will, ag ho contends, make it unsier to pay the dues of the Government. Hooven goes 8o far 0 to predict that it might ** make groenbacks even moro valua- blo than gold.” It is not worth whilo to give sorions considerntion to so fantnstio o notion, but wo mny mention ona inevitable offect of the plan. The Governmont would go on receiving greonbacks for duties, ndding a premium of, say, from 10 to 12 per cent for gold, necording to the current quotations, All at once interest-dny wonld come around, and the Government would find that it had gome $25,000,000, wo will sny, to pny ont for interest fn gold,—with plenty of greenbneks but no gold on hand to pay it. It would have to go ont and buy up tho gold with which to moeet its obligations, and pay what the gold-brokers might reo fit toask for it. The gold-Lrokers, having n corner on tho Governmient, would probably ace fit to sk an advanco of several conts over and abovoe tho rate at which the Govermment had taken groenbacks, At least, knowing the Government was obliged to buy, they would bo very foolish not to do so. 'I'hua the Government would lose annually about tho snme nmonnt in its gold purchnses ny the gold interest; or, in other words, instead of paying & por cent it would ba paying 10 per cent, which would inevitably lead to bank- ruptey inthe long run, Wo imagine this singlo objection to be sufficient, without go- ing into tho matter any further, to warrant deloy in the application of Mr. Cooren's remody. THE FIRST CHICAGO REGIMENT, The reviow of the First Regiment by Gov. Bevenpox in South Park on Wednesday afternoon served to demonstrate the Iarge public interest folt in the organization of our militia forces. The park was crowded with carringes. Thousands of people went to see the parnde. The evolutions were received with great enthusinsm by the people and considerable surpriro by tho connoisseurs. Gon. Bperman nnd Gov. Bevenmor both ex- pressed themsclves s astonished and pleased to find that the organization had been hrought to 8o excellent a condition of drill and disci- pline in the short timo sinco it wau formed. 'They had expeeted to sco only the ordinary battalion drill, but instead of thiy they found the most intrieato and difficult manouvres exccuted without a mistake, Tho encominms prssed upon the display wero highly flattering to Gen. MeCruno and his subordinate offi- cors, and attest the lively intorest that hns been taken by the rank and file. ‘Tho organization of our militia regimenta was suggested, it will be remombered, at the timo that Communism began to show its head last winter. Taving succeeded in pos- sossing themselves of some of tho relief funds the previous winter, the Communista proposed to repeat the programmo lust win- ter, and it becnme ovidont that tho law and respactability of the city demanded romo groater proteotion than the ordinary polico force afforded. It wns then that the first earnest cffort was made to orgnnize an ef- ficlent militia. Old volnateer officers in tho Inte War wero induced to take hold of the ontorprise and give it the benefit of their cxporience; and the young mon of the city wero found roady and willing to sacrifice a portion of their time to the necessary dvill, 'Tho result of this combination hna been one regiment already in good drill and tolerably full ‘in ranks, and another in courso of for« mation, Thore i still moro to do, however, beforo our militin will bo comparable to that of Now York or Boston, in numbers or officiengy. The First (Gen, MoCruna's) is in need of nd- ditional nid. It has been found that while there are enough young men rendy to onter tho rauks, thoy can hardly give the time and pay tho dues necessary to sustain the organi- zotion, and in addition theroio expend tho 10 or 360 requisite to purchaso n uniform, 1t ia asking too much of them to do so. Bome 6,000 or 6,000 would sorvo to supply tho comploment of uniforms for n full regiment, after which the ranks might bo speedily ro- cruited to the full number and with the propor class of men, This amount ought to bo promptly furnished by the citizens who have property-interests at stake, It ought not to need another outbroak of Communism to spur our oitizens on to this action. The progress of the regimont, as exhibited by the parade of Wednesdny, ought to be sufliclont incentivo to the immedinte subscription of the small amount still needed. Therv is no tolling when a full and officient regimont of drilled soldiers may be n blessing to Chicogo, nnd our citizens should tako as much pride in the orgauization as the citizons of New York do in their famous Soventh Regimont. ONE LESSON OF TH. DUNOAN-SEERMAN PAILURE, The recont suspeusion of the banking. Tiouse of Dunoaw, Buessan & Co. roitorates and ought to enforce one lesson which Tux QOimoaao Taipunx has sought to impress npon its readors many timea in commenting upon bank failures beforo. That lesson is the dan. gor which must sooner or later overtake aovory bauking-house which engages in upecn- Iating or gambling outside of its legitimate business. How hna it boon with Dunoaw, Snxnsax & Co.? This wos a house which enjoyed nlmost unlimitod confidence both at homo and ebroad, and was Bup- posed to be ns solld as @ rock In the manner of its faflure thore is lit- tle to criticise, as its managoers dotermined to suspond when it bocama evident that to continue any longer in business would de- stroy thoir assota and wrong their creditors, and thore 18 nothing to indloate that a fulr sottlemont will not be made with the crodit. ors, exeopt the report which comea by tolo- graph that both Mr. DUNCAN and Mr, Saxr. AN transforred a large amount of roal eatate in Now York Oity & doy or two bofore the failuro, sald to smount to §1,250,000. This huns a dark look about it, aud, for the sake of the reputation of the firm, we hope the re- port is onfoundoed. Concerning the cause of tho fallure, bowever, thero s amnple room for critiolsm, 8nd the critiolem bears upon the Jeason we have intimated. 1t oppears, from fucts obtained by in. terviewa and otlerwiso, that DuxoaN, SrEn. N & Co, have beenocngaged in flying a numn. ber of very dangorous Litos outsido of their legitimato business a4 bankers, They were loaded down with Alabama carpet-bag Stato bouds ta the amount of $300,000, now quoted at 35 conts, which may be pald or may not at some distant future time, but which aa secu. rities are simply worthloss, They were load- ed with Mobile & Ohlo Railroad bonds to the amount of $700,000; with Bolma & Gulf Lailrond bonds to a lurge awouut,—a schome which has beon dead and buried for two yennd ; with Panams, Atluntic & Great Wost- ern, snd Erie bonds, with how much in the last threo named is not stated. How wany more bonds of thia sort they wers holding is mot atated, but from the chiaracter of those we bave lready montloasd we should not ba sarprised if they wore in all kinda of wild- eat rehemey. In addition to this, it appenrs that cottonsspeculnting hay cost them aronund million. No bank o engage in much gam- bling without endangering itself. Tt was this illogitimnta business which broke up Jay Coore & Co., Hexny Onews & Co., and other prominont houses during the panio, or ono might say moro truly it was this illegitimnte businoss which produced the panic, The broken Chicago banka can traco thoir fall to the samo canse. The recent disastrous fail- ures in London pgrew out of wild ond reckless speeulation and irre- sponsible loaning of money upon chances. The world over, tho rule holds true, Spoenlating, gombling in values, making loans without regard to the character of the wecurities for the purpose of getting high rates of intereat, soonor or Inter will involve any bank inmin, As a rule, low intercst means good securitien, high interest bad so- curities. When banks go out of the legiti- mate chnnnels of business to dalble in stooks, and honds, nnd all sorts of miscellancons se. curities, withont regard to their character, when they dovate themselves to bolstering up rotten ratlronds, when they invest in prod. uce, taking merchanta’riaks, when in any man- ner thoy substituto uncortaintios for certain- ties and swell their aswots with supposititions seourition and shifting values, they are ex- posed to every storm which overtnkes tho finaneinl mnrket, and are sure to go to picees, beonnso thoy are unprepared to meot it. Thoy nre ns nnsafe as the merchant who gives his dnys to his store nud his nights to faro-table. Tho rule hins been proven true so many times that it is almost superfluous to call nttontion to it. Only thoso banks are anfe and sound and weathor tho fluancial fiurrios and storms which confine thomselves strictly to logitimato banking, and aro secur- od by firat-class papor instond of Lnlloons which areliable to collnpse atany instant. The foilure of Dunoaw, Suensan & Co. empln- sizes the rule. LIKE CAUBES PRODUCE LIKE EFFECTS. Mr, Pig-Tron KeLrey s not n plaginrist, No such charge of dishonesty has over boen brought against him. His would-be argu- monts for Confederato eurrency and the roup- house legislation eonlled tho * protective policy ” are all drawn from the place where his brains ought to bo. This originality makes the striking similarity botween a ve- cent spoech of his aud n passnge in Miss Mantiszau's * Iistory of England from 1816 to 1854" moro striking still. Thoe inquiring render can find portions of the specch quoted in Tue Tamoxe of May 28, from a marked copy sent us, The sixth book of the * His- tory " containa the parallel. Miss MantiNeru {a deseribing the condition of Eaglish work- ingmen in 1842, under on ultra protective tariff; BMr. Keurer is describing the condition of American workingmen in 1876 nunder o high tariff. DMiss M. is a freo-trader; Mr. K. is a protoctionist. But thoy both sketch the samo state of things from the same causes, Giving due prece- dence to the lady, we mark the extracts from lLor work (1) and those from Mr, Keriey's speech (2). We invite attention to theso par- allols : (1) Tu Stockport, 6,000 persons were walking the ntreots in rompuisory idlenere. . . o At Hinckey, onc-third of the Inhabitants wero panpers, . o . and thoto was not work enough i tho place to employ properly one-third of the weavers, (2) Houest and thrifty wyrking peopie by tons of thouvands, in this district aloue, are out of cmploy- meut. It {s now more than o year sloce many of them wera reducod to that condition, and I havo come home to fiud them fn rogged pennury. . . . Hordesof ofhier unfortunates in puranlt of employment at any wages, . o o The Journals complain that not ouly tho siroots of citios, but the roads from one great city to another, xre fillod with tramps, and ask that the autboritios should deal summarily and severely with thiews ablo-bodled ddlers, . . . Wy nre they ldlnt + « » Decauss they can find no employment at thelr homen, (1) A gentleman who hiad rotired from business in 1843, lesving a property worlls £60,000 to 1iia sons, and who Lsd, carly fn the diatress, Lecome surely for them, was showing e works for tha benofit of tho croditors at a salary of £1a week, In familics whero tho fathier liad hitherto sarned £2 per week and ld tys portion weekly, . . . all was now gono but tho sacks of shaviugs they elept on. . . . Poor rates ware Incrosaing beyonil sll precudont, (3) Many of thoso who, {n_the autumn of 1873, hetd tatlo to their little Lomes, snd woro paytng off avy lit- tla Incumbranco that might exlat agafust them by ap- plying what thoy could well afford ta set apart from thelr montlly earuings . . . 8o {u despairing poverty, aud, having read tle Bheriff's bill deacribing tholr homes, have secn them paas at nominal prices into the posscusion of others, . . . Beu who bave each winter contributod to the ward-fund for the re- Het of thie poor in almoat svery ward of Philadelphis were, during the lsas wintor, glad to accept rellef, (1) Provision dealors were subject to Icurslons from wolfiuh man prowling far food for hla childron or from & half-frantio woman with her dying baby at her broast, or from partios of ten or adozen desporate wretcliea who were Jovying contribubions along the stroot, . o . In Carlisle, the Committee of Inquiry reported that & fourth of the population was in s stats Lordering on starvation, (3) We notice sn increase of pauperism, of crime, of insanity, and s torzible fucrease of wulclds, . (1) There sooms (o be no claxs that was not threaten- ed withyue « o o There seemed no chauce of suy cturing olazses cowing out of the struggle at last with & vostiga of property where- with to begiu the world anew, . . o In Stockport, o than half the mastor-splnners bad failed Lefors tha oloss of 1843, , , o BhojKonpors contemplated .nothing butruin, . . . Thelr trade was only omo- half, or ono-third, or even onstontls, what it had been thres years before. (2) The capital of the datrict, so far a8 1t e embarked tn productive fndustries, sympathizes with the de- pressed condition of labor, Youder piles of Lrick, covoring whols blocks, which wero recently rosousnt with the hum of industry, sro now silent almout as death, The owners of the lLand, bulldings, and ma~ chluery loss money, confidence, and hope dally, They o not now amploy as many hundred men as they did thousands but two years ago, Their works ran then day and night ; now but fow of them ruu full 60 bours to the week, Reat, interest on fnveated caplial, the desiruction resulting from tha read and rust of ms. chinary, are eating thom up, The English woman goes more into detail than the American man, but they sketch the same state of things flowing from the same couscs. Under a high tariff, England was and America i8 pervaded by a terriblo distress that affects every produotive entorprise, The wheels of trade, artificially clogged by re. strictive duties, mave slowly and frregularly, and crush the very devotees of tho system. i St tdivetittun The Goorgia papers are congratulating thelr citizens upon the prospority of their State, &nd they present some figures which warrant them in making a clalm to this prosperity. In 1805, the taxable property of Georgia mnounted to 2126,635,870 ; now it is $274,~ 092,000,—showing an increase of over 50 per cont sinco the War. Tho State lms thirty. flve railroads, with an aggregate length of 2,800 miles, The Blate debt is but $8,105,- 000, against which tho State owna §6,000,000 of property, meking the not indebtoduess only about $3,000,000. Italso has $3,602,000 invested in cotton and woolen mills, and 785,000 in iron foundries. Our readers will remomber that a few days sinoe we pripted cortain facts conuected with the organiza. tion of mew industrial enterprises at Atlanta, ‘which bossts of being the most prosperous city in the Bouth, The figures printed above show that the spirit of indostry and enterprise exhibited at Atlanta sxtends all over the State, and it con. Arms whal has been stated over and over agnin in Tne Tninune, that the condition of Sonthern prosperity is work, 'Thern seetiogg which are at work ave prosperous, mnd vy oerad Tt is encouraging to find both tho Republj, ean and Democratio partics in Minnesota of one mind, and of the right mind, on the most important questions beforo the poople. Hery ara extracts from both platforms, Tepublizan, Dewoeratie, That on the prominent| A retorn to uoll ang questions of o dny welaliver us & bnsis of th favor that ulley of Suancelcireency of 1 eoiniry, whirh stendily Leaplwith proparatury aml +f in viow thie roturs ti sy mclr;uzm-' rea e ;:eu!. prgments. ihio_ ressnuption of A tariil atrtotly for rov- ! Ft paruients, t-ritT 1ot ravonun anly, consi bt with nn honey wdininteteation, Nouo (o iroto-tion, No Govern, inc it partnership witl pro. tected monayolies, Nothing moroe could bo needed to demon. atrato the oxnct influenca of the 'rag-inonay and protection organg on either side. enio, yot eo adjusted u, 10 bo loaat burdoumomel ad most favorable to the! snterexts of buiuo industrs| and labor, Daltimoro hos a new dden in the way of trausferring grain, which Now York would do well to adopt if sha wishes to save the run. nantsof her whilom monopoly of tho West. erntrado, At the former cily, cars arorng direetly upon n two.story scow, which is they towed nlongside the stonmer. Tho pipos are adjusted, and the grain mus down into the hold. Gravitation does the work of steam, nud does it much chedper, Tho adoption of sich n system in Now York would hurt the men who now mnko extortionnto profits ont of the cumbrous * lighters” into which thy grain ia slowly shoveled from the ears, to by afterwards slowly shoveled into the steam. ships, but it would benefit a good part of thy rout of American mankind., Tho managers of tho Sixth Grand Cincin nati Industrinl Exposition announce, ns m inducemont to oxhibitors, an * extonsive preminm list in high money prominms m aorp cory,” Ts this intended as a robuke to the Ohio Democratic piatform? Whero are the greenbacks? Aro thoy not the peopld's wmoney? Aro they not backed *“by the faith and resourcos of the nntion"? In Cincingat going back on tho groenbacks? Not a single premium offered in groenbacks. Why is tha Lnquirer silent under this outrnge? In the amount uf rain-fall {ucroasing ? In Faorope and somoe sections of this couutry it ap pears tobo at least for this keason, A gonile tnan who has the most ample opporlunitios for getting correct information writes us from Noo brawka a8 follows: **Wo are having a gread denl of rain in the Rocky Mouutains and veay thom this scason wheie it never rains,” Of course ho moans that it has seldom or nover ruined thero at this season, since whito ey have spent thoir summers in tho mountaius What offoct, if auy, te building of the Pacifiy TRailway through the mountsius, and the dssh. ing of tho traius among them, added e tho fnfluonce of tho tolegraph lines upm tho eloctrical ourrents, s to bhave upon the cli- mato of that hitharto arid koction of tho coutl nent, is & problem which it will probably take many years to salve, It i claimed that, whut avor bo tho causa, tho fuct s that the amouut of rain-fail aloug tho line of {ha Lacilte Raitway hias vory percoplibly iucionsed within ths las five years ; and that tho weathor in Cireat Bels Lako is steadily rising careful measuroments and statiutics have proved beyond n question, Tt may Lo that tho presont season wiil be fonod axcoptiounal ; bue sclontiflo mon and our agr. caltiral aud commoreial intorosts wil mwait the devolopment of furthor facts on this subject with much ntereat. Sl — e == The theory that tho Donaipsox-and-Goiw woop balloon had plunged iuto tho lake sta comparatively-early hour on ‘Fhurudav night, s fortnight sgo yestorday, rocolvos confirmatlon feom tho wtatemment of Capt.J, W. MiLLer, of the schoouer C. H. Iackloy. Capt. Mt xays that bo saw the balloon very near the wate on ‘Thuraday night et 8 o'clock, about 45 milss from tho wostorn shoio, in a direct Jluo botwoen Chicago and Gradd Havon. Tha Captain of the Littlo Guido saw it about 90 milos trom shore af 7 o'clock, going in tho saamodirection. This con- (irms tho statemont in Tux TniooNx, that th balloon wout in that directlon,at the rate of nbout 15 mules an hour, Tha mscen| wes mado 8t B o'olock, At 8 o'cloct it would bo, by this reckoning, josl where Capt. Mpizn ssw it, aud at 7 o'cled whore Capt. ANpEnsoN observed It. Cspb Mriren makes Lin atatement fn tho Kenosht Telegraph, to correct s story publighed in the Chicago Times. Lverything pointa to the cor rectness of tho conclusion reached by Tuz Tae uNE on Baturdsy, July 17, The balance-sheot of the ** Plimsoll and Bes men's Dofonse Fund," we loara from sn adver tisemeat in the Pall Mall Gaicite, shows a tota amonnt received of £12,474, and exponditore amounting to £14,375,—leaving a deficiency o £901. Tho Committeo curneastly requost coo tributions to suppty this detloienoy, which other wigo will Liave to be borne by Mr, PrrssoLs. In viow of tho canditlon of ths Fund, snd the s suranco tbat tho Qovernmout would undortake thio roforma dosired, the Committeo Liad resolved at the dato of its circular (Juue D), to wind vf its onorations, but to hold iteelf prepared **tore organizo for Mr. F'rixsorv’s asslatauce, sbould tho juat oxpectations of the country sa to legls Iation be disappointed, aud such furthor asait- anco be found nocessary.” Doubtlesa the recsat acone tn tho Houso of Commone brought the Fuod sgain into existence, sud gave it renowed opportuuity for usotulness, Lord' Buayressust ia Cbalrman, and Tiosas Hoouzs Vies-Obsle wman, of tho Aesociation. The Boston Journal, in commenting upon th treatmont of PLiusors in the Euglish Parlie 1ment, states the following important fact relv tive to the murderous businoss which o kst baen attempting to reform: 1n many caues the lossss aro altogether dua to the natural unl fuovitable perils of the sea | Lut tu quid & uumbor of cates they bave boen found'to be die ! 1wo rauxce 1ot at all uatural or inevitable, but pure. J, vit,, overioading snd nver a 1‘:I|»{;lnw merchant load el much Layond lor capacils; obtains & hicavy fusurance on abip siid cargo, and weid Tesulls, If the vessc} chances Lo reach her , (bt tauotbiog Liut, aud ibe huavy asryo paye s aitsomt retiirn for to'voysge, 1f, which ls uite os Likels, (B vossol I vevor biurd from'again, thie merchant, atert reasonablo Intorval, collocts his inwurance, and re ngre thau If tho ship hiad Yept sfioat, This may account in part for the bitter oppo- sltion which has beon mado to Alr, Priusots by the vessel-owniug interesta in Parliament. b Smch i Tho intornational copyright question ls begio ning to attract some attention in Nussia. 3¢ V. Brasovitcst, one of the most eminont of 4t Tussiau advocatow, hos receutly oxprowsed opiuion upon the subject, which is to the pur port thiat the laws are too favarabie to the suthd v that country, a8 & copyright extends throust tho author's life and . for filty yoars =ftes bit doath, e doos 1ot favor suy convousus Witk othor countries for the protection of suthoré rights, upon the ground hat the Ruasisn bool market 18 oo large for forelgn countries to Bll 1To alao tracos to the Ruselan copyright law tht fact thiat théro le no parfoct odition of tho work! of the eminent poot Pusmxi, who dled in 153 —————— The I.-0. eays that, on the onrrenoy question 1t is tho tatl which wages the dog, surlog, oldund worthlos The London Times Laviog Insinuated ib¥ Drotlier Mooy was interested in the sale of bl photographe, & correspondent, signing hit M., probably Mr. Moopy himself, writes ¥ that papor axsorting that no photographs of Aoour from lifo are to behad in England, only prints of aketches, or photography of shesd and (et no usa of photographs for advertalal this meckings bad ever been made with (he o2