Chicago Daily Tribune Newspaper, August 4, 1875, Page 1

The Thicagn Dailp Teibune VOLUME 28, FIRE Iyflg&fl(’!}. “Davis & Requa’s TNSURANGE AGENCY, 153 LaSalle-st., ¥ a a8 8 record of 10 yosrs' Insurance exporience, an . has slwayh paid 109 cents on the dollar, They aro sgenta for the follawing Compantes: NIAGARA PIRE INSURANCE CO, New York, Assots, §1,475,397.00. MERCHANTS' INS. CO,, St Joserh, Ho, Asscts, $260,886.06. [HPERTAL INSURANCE GOMPANY, Lonon, Assots, §11,409,026,00. AMERICAN CENTRAL INS. CO, St Louis Assots, $1,785,080.21. 7, JOSEPH P, & 1, INS. CO0, St Joseph, Mo, Asgsots, $582,873.08.¢ LAMAR TNSURAHCE COMPANY, Now Tork, Assots, 406,777.63. HANUPACTURERS' INS. €0, Newark, Apsots, §262,084.00, TO RENT: OFFICES TO RENT IN THE TRIBUNE BULLDING. INQUIRE OF WILLIAM C. DOW, ROOM 10. FOR RENT. Non. 22 and 24 Adamnat, wil bo ftted up fo it suted fora term of yeara t tule price. fenant, aud roted Fr OGN, 110 Dearborn-at, TO RENT. “Tho econd flons of 78 60 Lakeest, denirablo for ipie room, or Lyt crebandieing. BoTe B T 'TERRY, 175 Lak CHINA, GLASSWARE, &o. —*AT COST. OUR ENTIRE RETAIL STOCK, COMPOSED OF DECOBATED AND PLAIN OHINA, Dinner and Sea. Sete. Silver-Tlated Ware, Chamber Sets. Table Cutlery, and Yases, Glnssware, Faney Goods, VELY AT COST UNTIL GCLOSED OUT, tn- POy g Aow Cotea and Tables J BOWEN &KENT 262 & 204 Wabash-av. Wil continue our Wholessle Businces aa unual. TE. % TEAS. junpowder, per 1b, 50, 60, Tic—Staridard.. « 000 ‘oung Hynon, per ib, 60, 60, T8c—Standard ..%0c Japan, por 1V, 50, 60ci~Siandard 180 oni, per {b, 40, 80, Gio—Standar: o Eogliah Breakfast, per Ib, 50, 60c~8tandard, 50 Ot Btandard Tean nre unsurpassed for esceliency of Bavor. Bent 0. 0, D. foall parts of tho United Stalos, T. XXOCXRESOIN, 107 Nauth Clark-at, VINEGAR, PRUSSING'S WINE Celebrated for ita PURTTY, NT'RIENGT'E {"AI:A’I'A iy SNN. Wi KRVE ickise. 44 ds 40 MichIgan-av., Chicago. DUSINESS CHANGES. PACKING HOUSE FOR SALRB, nala very chesp. Market connooied. rioke Houson, Too (1ouns, ad tlon oxcollout fur Juubin Ounmlsfou Morchian BUSINESS GARDS, WARBLE_MANTELS! Wo are now afferiug extra inducoments to parties munflamlnin our hne, BCHURZMAN & LAND MANTEL COMPANY, Michigan-ay. car, Van Buren-sf, e oflet our, Packing Housa for COLLECTION AGENGY. ASE YOURSELP, now that the old claims have been Jooked &P in eltling your books, if the prospects for thelr lisctiou ls bettor now tLi . follectiou t Leltor now tlian aat your, Our advica In rimii'i'r‘:!:;:.:f:m — 10 HANDSOME B, W, CHAMBER SUTTS, 1B, W, CHAMBER SUTT, valued at $500, a large mssortment of N ¥ e, & g b ana e Second-band FURNITURE AND GENERAL MERCHANDISE, Yobo sold {1s day ab 10 8. 111, 8t 60 and 83 Esat Ran- Lolpk-at., 10 pay advancos and ol 8, DINGLE Auctioncers, ING _TRUSSES, &o. CQommon_ prudence fh) requires oxamination Biprimtats 0 B of ‘the Blaatio 3, ¥ l;";‘;;;“ 4 Which zently prossed N it oround the body and 5 P retains the rupture doy and nlght il . 2 oured. Bent by mall, “ Qirculars frae. 0.J. REED, 335 Bt ., Chicago. FINANCIAL. . Owh tn hand Lo loan on Cbicago snd Hyde Park hecty” i duma ot $600. $,000, 1900, Voaos, 43,000, tag o e dub ol THE FLOODS CAME. Cook County Farmers Expe- rience Great Loss from Overflow. The' Canal-Feeder at Worth and Palos Becomes a De- stroyer. Thirty Thousand Acres of Land More or Less Sub- merged. The Noss from This Sourco Lstimaded at $100,000. How the Waters Came Down at Lafayette, Ind. The Wabash River Swells into a Mighty, Rushing Stream. Harvesied and Unbarvesied Crops Borpe Off by tho Tido, Almost Total Destruotion of the Wabash & Erie Onnal, The Banks Washed Out in Hundreds of Places. Havoc Caused in llinois, Ohio, and Missouri. ILLINOIS. €OQK COUNTY. An acconnt of the offect of the recent heavy raina and tho overflow of the feador to the canal in tho Towns of Paloe and Worth, owing Lo tho rocont damming by the Caval Commiesioncrs somo 8 milen onst of tho canal, was given exclu- pively 1 theso columns yestorday. Tho account was nocessarily] lucomplote, and some minor innccuracios may have crept into tha report. Mnauy of tho dotaila were supplied yestorday, Bowover, iu which nothing that was slated is disputed except that tho waters wero ebating. Yeaterday morniog the flood bad risen at least 12 inchies, inundatiog bundrods of aoros that wero the evening provious cownparatively high and dry, and covering property of groater valuo, From the dam csat alung the line of the Feedor, for a distanco of 12 miles, and on either sido thercof for the distance of a 1nile, the country wns entirely submerged, Mont of tho property was meadow land, valuable princi- pally for it presont worth ad n pasturo and the coming erop of sy, which is destroyod. Many fiolds of growing grain, snd many acrom of 1ipening vogetables, wore, of coureo, doluged. but the privcipal loes was caleulated to be by tho total dostructlon of the hey crop, which is tho staplo product of the thousands of acres submerged. 'I'ie loss in stock by drowniug and tloating away and de- struction of fonciug i8 also au important item v tho general dovastation, to eay nothing of the inconveuionce and privations inflicted on fami~ lics by tho rushing of the waters into thoir base. ments, ete, AMONG THE BUFFERERS inthe Town of Palos, as reporicd yestorday by Comtnlesioner Conly, wero himsolf, 0 acres ; Jeronuah Day, 120 acres; Patrick Cargalior, 200 seres; Richard Connell, 200 acros; Aliko, Patrick, and John McMahon, 200 acre: M. Powera, 60 acres; James Gloason, 00 acres: Jobn Grace, 60 acres; Jobn L. Bullivan, 8 sores; Mrs, Cody, 40 meres: Tulloy Bros., of this city, 80 acros; James Ionuody, 20 acres; and I, Hildobrandt, quite a largo tract, IN TUE TOWN OF WONTH, Commigeloner Guoother roporied the fol- lowing in his jmmediato neighborhood : Himself, 40 acres; Cbarlos riggs, 50 acres ; Dennin_Vardy, 40 acros ; John Cnroedalo, 60 acros ; Zed Campbel); 20 acres, and a farm of 100 acres, owner unknown, Theso figmice ropresent but a tithe of tho property iundated, a8 it will bo seen whon it 1 tnken juto account that the torritory tlooded ia 12 milos long by 2 wide. It {a a fair entimato to B8y, in tho oploion of gontlemon quoted, that 90,000 mcres avo mubmorged, all told. 'They estimate the damago, without a knowledge of the ontire propotty, to be from §2 to 85 por acre, Or to opproximate the sum of £100,000. Most of the lsud uubmerfind boing devoted to tho production of Lay, sud & tou to tho acre being & low estimato, the sgyrogate of £100,000 cannot bo anid to bo oxtravagant, Commirsioners Cony and Guouther join in DENOUNCING THE DAM ACROSS TIIK YEEDED, coustructed by the Canal Commissioners, as nuisauce, and they attribute the ovorflow entire- 1y to it, and wlllfllolu in & petition for its remov- al, and sro satistied tlist ao great is the indigna- tion of thoso holding property aloog the L'aeder that they would sulfer an incre: taxation to pay for its immodiate removal. In behalf of their coostituonts, thoy have already beon in consultation with County-Attornoy Rountres, in quost of logal advics as to what courso t fa best to tako in the matter, belioving na they do that praperty in tho two tawas is liatle to be submerged at any tuuo vo loug aa the dam in quostion I allowed to stand. > CENTRAL ILLINOIS, Special Dispateh (0 The Chicugo Tribune, 8rninovieiy, 1ll, Aug.8,—The weathor for thres days bas' Boen delightfal, and farmors can to-morrow begfn work in their meadows, Tho Bangamon Itivor is utill rising, and {8 uow higher thau it bas been in forty-nine years. Tho Gil- man, Chioton & Springfiold Railrosd bridge s ouly kept from goiug h{; being tied to nsighbor- ing trees by ropes. The damsge done by water ocannot bo told as yet. Sentsorisep, Ik, Aug, 3.—The wator In tho Sangawou lhver begun to fall yestorday aftor- noon at 8 o'clock, but the inhabitauts lLving afong tho river wore groatly surprisod this morue log to tind that the river had again risen in tho night 2 foot, and this forenoon it has been rhflng 3 inches au bour, This rise caonot ‘o accounted for, unless it rainod hard yestorday in the esslorn patt of tho Htate, 'The railroad bridge on the Gilmap, Clinton & Hpringfield Lailroad Is In great davger, A large additional destruction of property was ocoamoned by tho rise last night, and still more is in danger, The river {a higher than evor known, We have had three clear days now, and tho farmers expect to £04 to work ou thoir mesdows Lo-morsow, AT Catuo, Special Dispatch o The Chicaco Triduna, Oarno, Ill.,, Aug, 8.—The Obio Itiver lacks but 1 inch of belug as high a8 in March last, and is risiog. The Rentuoky shore is sll overfiown, and much uueasiness ‘(s felt abous the crops be- low, In the mooth of July there was m raiufall in this city of 9.88 jnches. Bouthern Illinols pever auffered snch & misfortune before as it now suffors from much water. Weather cloar. LA BALLE GOUNTY, special Insvateh (o The Chicaco Trid LaSacLs, 11L, Aug, 8.—Thousandn of corn sre tubmarged, which be almost totally loat, EAST NT. LOUIS. 8t, Louts Glode-. dug 8, The boowing water Las agalo sssumed en alazming status 4 Lhis palak - The eowily road une, ot asren it ia shought will (o] back of Brooklyn and Winsianley's paature are ona nolid shrest of water, the nlot bolug & ditch ent throngh Tiroaklyn to dratn their roads. Tho aliigh and Cahokia Crook threaten to be ono in- slde b twelve hours, aud 1P Auch is tho caro the damago will be much greater than was antici- nted. The farmera of tho Amerlcan Bottom nre grontly alarmad. At G o'clock [ast nighit tho wator had reached s bioighit of about 1 foot below Digh water mark of 1562, and higher tiau haa visiled this locality since 1865, HAVANA, Tho Obsorver of the Hignal Horvice dt this station reports s raiufall of B.57 inchon dnriog the manth of Juls, 3.65 inches of whioh fell on the 31st ult, Ahout B5.0U0 acros of corn aro drowned ot the low lands, but crops on uplands aro vory superior, and promisa woll. a0 uosrly ruined, whether cub or mtill in the field, by tho oxcessive rains. DELLRYILLE, Tho Iate contlnued ramms have {njnred the wheat bLeyond all redemption. Tho wrain has ‘wprotited in tho sliock, and-oven that which had Deon stacked liss buen damnged wo that it will hardly pay to thresh it, In the evant of tha wet westhier continuing, the ontiro crop in this viciu- ity will prove a total lose. MORGAN CODRTT. JackrosvirLz, lil., Aug. 2.—Tho groat rain- storm of Suturday aud Baturdsy night raised all the streams in thin region to au almost unprece- devted lieight. Bridges, which cost Morgan County porliaps 20,000, wero kwopt away by the flood.” Itailroads suffered immonnoly, Tho Chi- cugo, Alton & 8L, Loniu in the ouly raflroad run- ning into Jucksonville that did not sullor honv- ily, Tho fast oxpress traiu over the Tolulo, Wabneh & Western lishirosd, duo bore this mornmg, and tho mail train this atiernoon frofh the Last, have nct yet atrived. L'rsins ovor the Itucford, Rock Inland & 8t. Louis Railrosd are stopped, that rosd having wnstaivod groat dam- age. Tho oat crop, most of the wheat, and a Jarge part of the hayciop, are destrovod, and corn ban beou greatly injured. A quarter of & million of doliars will” Lnidly covor tho damage tocrops in Morgan County nlono, aod tho lows by the storm in Contral 1llimeis will smount to millions of dollnrs. Lo-dav was brieht, but the ovening thero ure strony indicatious of anotler raiu-slorw. — INDIANA. THE WAUAHI, 1 Dispateh ta 1ne Chicaao Tridune, LapAyeTTE, Ind., Aug, 3.—fho Wabash reach- ed itn highost point about noon to-dag, being 15 inches bighor than in 1838, Biuce thenit bas beon falling slowly. The roads to Cincinuati and Chiongzo iave run all traivs on time to-day, The Toledo, Wabnel: & Western has o bridge washed out noar Poru, whoro transtcrs are made, but will run through to-morrow. ‘The Logansport, New Albany & Cincinuatl ltoad has run no trains to-dey, and will not bo ablo to befuro Thuraday, About half a mile of embaukment was badly washed and repair Js etill fwpossible on account of water this sido of the Wabash Riser bridge. Yho storohouso conuectod with an old distiliery flosted down sbout balf & mile this morning. Tho browery of Duwnye sbout £4,000. A large number of small tene- outs on the baok of the river have been vaca- ted by tho occupants. Weathor clear and ploas- anb, Lararerre, Ind, Auvg. 8.—Tho flood in the ‘Wabash i tnore thao a foot above tha high-water mark of 1858, and several inches ligher than ever before since the settloment of the country, All tho tributaries lave Leeu running out, and the low ground la sil ovorfiowed. In many places tho rivor iw from 3 to b milus wido, The damage Is incalculablo. Gront suffering must rosult to touanta on low lanas, whose all isswopt away, Tha Wabnsh bottoms, for au aversge of & e asund 8 baif wido, aro submorged, and crops, both barvestad and growing, are swept swiy. Our city 1 locatod on lugh ground, sud slight dawage has boen sxponivucod, cxcept to manu- factorios sud mills, Tho destruction of the Wabnal & Erie Csnal Lotweon boro and Fort Wayue 18 complata, It is broken in s Luudred places. Tho caval and siver bave baou ou lovel for forty-eight lours, tho wator of the river rusbing through the lattor, and rusning over tho buuka frum one to the other st ail low placea, This will-be & terriblo bLlow to tho peoplo of tho btato. It is imposuble to esthwato auny more accurately tho acre- ago submorged. The Louville, Now Albany & Chucago Raiiroad 18 wuch damaged botween here aud Battle Groand, Tue viber railroads are all right. ‘Lot city, locaied ou the weat bank of the Wabnel, Law boen cut off for two days by wator oyoitlowing the bridge sud lovess, and commuuication is only kept vpon by ukifts, ‘I'he river Las fallon about 2§ juches #1uoe 7 this moruing, sud 18 still very slowly ro- conlug, Special Dwpatch to The Chicano Tridbune, LLuvstoN, lud, Aug. 8.—The Wabash River in suli rising, although the rain has ceasod. Driftwood is acoumulating vory rapidly, sud is swopt with much forco by the swift curreut agaiust thie bridgo of tho Kort Weyno, Mucis & Cincinnati Bailroad. A largo forco of wen in employed in trying to keep tho driftwood from blocking up at'the bridge. 'TlLe water is ouly 1 foot bolow tho suls. A later roport 18 n circu- Iation Lero that a large reservuir at Cohus, O., bas broken out at the weat end, If such be the cuse, the Wabash River will rise at loast 8 fout yot. FORT WAYNE. 8vectal Dispateh to e Clicano Tridune, Font WAYNE, Jod., Aug. 8.—1Tho rsin, which had fallou steadily for the greater part of tareo days, ceanod Lhis forenoon, much to the reliet of tho public. 'Fhis oveuing tho St, Mary's, 5t, Jo- sepl, and Maumee Rivors are boginning to ro- code. Tho race track aud grounds of tho North- ern_Indigua Fair Association, which woro seri- ously threstonod witly complets inundation, es- caped with slight damago. Al tho railrouds con- tremng bero aro in good shape to-day excopt tue Cincionati & Jtobmond aud Toledo, Wabash & Weatorn, On tho Richmoend Road, the track st Ueneva, 87 miles south, 14 completuoly undvr wa- tor, and regulac truius have beun abandonod be- low ¢hat point, bus travel will probably be re- sumod to-worrow, Tlua evoniug at 7 o'clock tho first train from tho south 1o thirty bours ar- nived bero, and that only came from Genovs, on tho 'Loledo, Wabast & Weatern Bailioad. The track at Peru has boou undor 8 or 4 feot of wa- tor, necessitating tho transfer of pasasugers. ‘I'rains from Lho weut artived here to-day four hours late. Reports from the couutly to-day nhow thie damago to tho crops to have boen fully a8 groat an anticipated. Whenat and flax have especially sutlored. ——— MISSOURL, DAMAUES REPAIRED. BrpAL1a, Mo., Aug. 3.—Dawagos by the lale storm to tho railroads running throngh this pluce are ropaired, The Missouri, Kansas & ‘T'oxaa Raliroud completod its repairs yestordsy, haviug bad & vory largo forco st work repairiag damages. Traius are now running from Texas and Kansss promptly on time, aod spacial trains of stock aud meronandise are passing nighs sud day. DAMAGE TO RAILDOADS RADIATING FPROM 6T Lovs. &t. Loufs Globe-Democrat, Aug, 9, The Missouri Paciflo’s track for milea botweon Warrensbugg snd Knoboostor was eubmorged to a depth praventing the ruuning of traine, In some places botweou those tomwus tho rosd-bed wad washod out. Ilepairs wete mado as thor- oughly sod speedily as possiblo, and » through tratn camd in on fime yesterday ; snother went guz nll.:l‘ night, sod no further delsy is appro- onded. ‘Tha Atlantic & Pacific has soffered somoe fn- torforenca from the floods. Lotwoon hiera aud Pioroe Uity the damage has been slight, A bridge, howevor, was taxen away in the viciulty of Grand River, near the Indlan Territory, which has stopped the through traius for a dsy or two. The work of repsir wasgolug ou yostor- day, sud it was expocted thatv s now bridge wauld be in place 1ast night. Tho 8t. Louis, Kansag City & Northern hsa been & very considerabla sufferer. Tue train which left Hansss City on Baturday evening ar- rived here yestordsy morniung, unlfl four hoars late, It biad to make a detour of the Chillicoths Branch to get lhmufih. Thera were Lrouks at Bturgoon 2aud Reuick, and & train which starce el for Mexico on Baturdsy bud to turn back. ‘The Bissouri s overtlowing tho bottoma 8 or 4 milea this side of Bi. Charles, but it is hoped “ll.;.““ road-bad will not be seriously {uterfored with. - ‘The Tron Mouatain hes aot sscaped tha tcau- blo, yob the serious broak st Cliiff Cave aud the othor leassr obeiructions 0 travel bave bsen IHICAGO, WEDNESDAY, AUGUST moasurably overcomn by Supt. Soper, and the traine wera on time sostorday. The roads on the othor sido of the Mississinpi havo protably been 1nro savorsly desit with thono on thix, and the reliatlo Vandalia has not como off unacathod, Hetweon Torre Haute and Indlanapolin it was badly washod fu soveral places, but waa boing repsired yosterday, and Ma). Himpron bopos to bo alt right to-day. No bridgos or atenctures bave Lren loat, tho damaus having been entirely, up to this time, by wash- ings and Boodings, ~ No through train came in ie»mdny over tha road, nor was sny sont out. ocal sccommodation to Vandahs, however, is not impeded, e Thoy bave had ot dealof water on the Ohlo & Missismipni, aud trains worn yesterday impod- ed. Tho broaks wore just thia™ side of Cincin- nati, at and near the Big Miawi bridee. A dis- patch from General Suporinteudent Woodward to Mr. Eryaon, tho Gensral Passenger Agent, dnted lasl ovoning, was to the effcct that tho tratn would got through laat night, ‘Thero wero fourteeu Lronks in the Indinnapo- lin & 8t. Louis betweon Litchficld and Indianap- olis_yosterday, and only the Litchtield accomn- tnndation was runving.” ‘Fhe breaks of Satur- day, cansed by the giving way of ihe reservoir 4 miley this aide of LitchGeld, at tho izo-hous have becn repaired, aud tho damsge all along line ie bmur looked after. Thu mmodation left Iest mnight, and to. grees, an expected, will gu clear through to ‘Terro flauts without obatruction, Thern bave been no trains over the Toledo, Wabash & Western einco Balurday tmorniug. 4, 1875, In sbout ten days tho floods from above will ar- rive at Hed Iiver, and, should the uppor lavees give wav, the wholo cauntry sround Hayou Bla- oon wilf bo overtiowed, St. Luurs Republican, New Ontraxs, Aug. 2.—lIndicationn to-night poiut to the partisl overilaw of the Lowor Mis- masippi Valley. Gen. Thompron, Chief Htate Engineer, doo not nntlcl‘vlts much damage until the waler reachios a keight of 40 feet at Vicka- burg, when ho saya thero will bo coueidersble damago along the bayous. With the voluma of walcr now coming down it In probable that it ex- ceedn the Lieight montiuned by several foot. The loveen, Lis maya, aro all in good condition, much bettor thau during the flovd last April it WEST VIRCINIA, WM Ko BWELLINO FLOODS, wereLrve, W. Va., Aug.3.--Whesling Croek was higber yesterdsy than ever kuown. The ahutmenta of the bridge 4 miles east of this city were moved civor a foot. AL all points along the Baltimore & Oufs Italiraad between this city aod Uiafton thoro hay been grost destruction of rmp»rty aud loss of grain, Tua Town of ‘srmington in slmost comriotely submerge:l, the water being on the fwt fioor of nearly sl the bousas. A number of heavy land-aliden havo occurred on the 1nl- rand, and bridges have boon carried away on the Tarkorsburg Jitavch of the Baltimore & Ohio Iajlroad, The lora in staves, headings, loge, and barrols: carriad avny from the vicimty ne Martinaville, this Staie, by . will amaunt fo over 1ratis s atasdoudl ‘:’;},Aji‘u‘;,‘""o_':;‘s‘;_ 10 1 £100,000. AN low Jand In this section are sub- ks piksongatn Mot gl i e | Heried: o Ve o iso lonl. cipal domngo was st Monisau. whore' the PR bridgo was washed away. Tho Hanuilal & Na- TENNESSEE. ploa branch is in very Dbad condition, Repairs aro beiug pushed forward wilh vigor, and by to- morzow 1t is belioved paerangers will o throngh with tho proverbial spoed sud safoly of this routo. Cumparatively littlo troublo bas been experl- encad by tho IHinois Central. Ouly one framn had to bo abandovad, and that was lase weok. The repular train wae sent oul Sunday might and laet night, aud yesterday worning's trawm esmo in on timo. ‘Tho overllow on the Rockford & Rock Inland caunod much damago, and up to yesterday u train Liad not arrived for two or three days. eral se1ious obstructions between this poiut and terling have been rorai and a train will Lo started out to-day, with prospocts of reaching the terminal poiat, T, CHARLPS, The river {s Lighor, 1t is balievod, than at any time sinco 1851, Yesterday (Sunday) 1t went up at the rataof 3 inches per hour for twelve hours. Ieju now at s stand-sull. The dyke below the bridee and tho bridge embaukments aro unjor watar. ‘The sloughs below the city are fuil, aud »tigo of 8 few niore iuches would put 1t juto Lake Marins Croche, whero it haw not been since 1830, 'Tho island o})puniw tiso upper part of Lho city in atmont conplately submerged, the iubabi tants bavivg come to the main shore; thu live- stock beiug gatherod upon hitile pieces of high ground ; the chickens in the tiocs, &c. Tho lues ©ou crops, &c., upon the island is estimated at 423,000, One Lousa was toru down yosteroay at tho lower end of Alain ptreot to provent its wanh- iug nway. In tho Lottoms opposits (St, Louia Cuounty) the water is spreading out rapialy, com- poliing settlors to loava their bomes uud thky to tho blufls, IABININQTON. Wasnixarox, Mo., Aig, 2.—The Missour} River iy lughoer hero to-night thso has bsen known since 1844. Thore sro thousands of scron of corn under wator betwoou hers and St Touls, on the lino of tho Atlantic & Pacific Railtoad. Tho Meramee River 15 out of its baukn olso. Mr. A, Langempor, of this city, who owned an Inland of 1,000 acres 1 mile bafow Wanhi ton, had 600 acros of it in promimog curn, To- pight only the Laesels of corn iu the highest places on tho island can be seoa, The occupants of tro of his houses bad tomove out to-day, The immenao flelds of bottomn lands immedia I5 north of this city are all under wacer, and peopls and stores are moviv; to the shores for safoty, Baso Isiand, 2 miles up the river, com- Erl.mp noarly 40 square mifes, with soveral in- abitauts, 1 sll overflowed, aud foars are enter- tainod about tho safety of tho inhabitants, The railroad track and depot here are about the suc- cumb to the flood, TSN, WVINNESOTA AND DAKOTA,. NLATTEIING PHOSPECTS- ectal Disvatch to The Chicago Trtbune, 87, Pavn, Minn., Aug. 8.—A geutlemsn just roturned from an oxtenmte travel through Houthern Minposota and Dakota roposts wheat aud oata promising tho largest yield ever bat- vested, Other small grains aro doing well, and cornis oqual to the average of the past vears. The spring-wheat harvest will open next week, Within 60 miles of this city thero has boen & drought for several wecks, endiug with plontiful showoers this afternoon, Correapondence of The Chicago Tribune, Evx I'vINT, Dak., Aug. 2,—1 have been epend- ing & fow days in Bouthiern Dakots. avd must aay that I never saw auch crops on the gronud beforo. Wheat I8 very Leavy, with wo scub or rust, aud will go 25 to 30 bualiels to tho acre, Darley is all 1n tho sbock, and tho laiges: crop evor kvown in the Torritory. Oats would have gone G0 bushols io _the scie bad it not boen for ihe lite storm, that knocked thom down badly. ‘TLe 'hoppors cannot do any damage to the swall graiu; uud, if they will siny away a fow weuks Junger, the corn, which promigcy large, will bo out’ of tho way. Most of the wheat from Dakota will go to Milwaukeo and 8t. Paul thia fall, ucloss Chicago does botter than slie Lias beon doing by tho shup- pers in the way of juspectton. shilwaukeo iy about 2 centa anead of Chicago all the time on Dakotn wheat, while the freighls are the same. ‘While such 14 tho case, of course the wheat will go_to Milwaukee. 1 met our old fellow-citizon, Ald. C. G. Wick- er. who 14 the Prosident of tho Dakota Southorn Rallroad, runnlug from Bioux Cityto Yaukion, and who i well thought of by tha people of Dat kota for bis energy in bulldinizthis roud ; and also Ool, J. 8, Mickhug, who is a most oflic.ent lail- rosd Buperintendent and Mauagor, Yhey had just returned from a crop-inspection of two dsye, and report all crops laoking fively, but vory little dainage having beeu dous by the lute sturm, —_— 10WA. WIND AND ¥LOOD, Correapondence of Tha Chicago Tribune, WareLwa, Ia,, Aug. 1.—A beavy raln has besn falling hore since Friday night, accompauied by strong winds, blowing down tho corn badly, Tho expectations of the farmers of a larga crop will ardly bo realizod. Some atate the damsgoat st least 83 per cont. 'Tho wheat i all cut, but is light, and of inferior quality, and {s now sprout- ing in thoshock. Notone acro in ton of the onls oan be harvestea in s proper maoner; thy crap will be aimost & total loes, ‘The weather is yery cool ; firo wnd overcoats are vory comforta. ble'to-day, ‘The hay-crop is alnost ruived by tne continued wet weathor, bkt o AT PENNSYLVANIA, AT AND AROUND PITT3RUKO. Bvectal Disvatch to I'he Chicaca Tridune, TrrTanuka, Ps,, Aug, 8.—The rivers aro still booming high, and up abova this city groat dawm- ago hias boou done to gardens and graiu-Nolds, which bave been floodod. It is roported that the bridge across the Monongahols at Browns- wille has boen swept away, All tho creoks aud winall stroams in this vidinity are roaring tor- rents, and, 1o many places, Lousus aze so tooded Abat thio inwatos had to vacate them. Nearlvall our iron pud saw-mills Lave beon compelled ta suspend oporations for the present on account of the high water. As yet thoro fns bevu no loss of lifo, but great damage to propexty. WISCONSIN. RAIN NREDED. Boectad Disvatod to T'hs Cheaao Tridune, AMameo¥, Wik, Aug. 8.~This immediste noighborkiood Is atill sufferiug from drought, wlhich is scorchiug pastures, ubriveling corn, and dwarting vegotablas, but farmors are recouciled by the chauce ta ssoure their grain in excellent order. Reports from the Btats gencrally as to crops are vory favorabl ————— THE LOWER MISSISSIPPL YEAES OF AN OVEUFLOW. New Ontxans, Aug. 8.—Gen. Thompson, Chiet of the Bitate Engincers, says the Arkan. sas loveen near the Louisiana Une are fow and {n s bad condition, sud Raleigh, Milliken's, Omogs, 8ad Waterproaf levecs are cavingin, THE DIVER AT MEMPIIS, nota iu the situation s regards the river, which rosa 2 inchea dur g the past twonty-four hours, and now stands 11 iuchios bolow the rivo of thin epring, and 3 foet bolow tha ficod of 3467, but roports from aliove indicato thut the tlood will wxceod the ¥pTic 3 Tive. et ARKANSAS. FLOUD I THE ALK, Litrie Rock., Atk., Aug. 3. menced risiug about dark lsst night, and cou- Mexemin, Auz. 3,~Thero {4 little change to |- tinued to rise for sevoral hours st the ratoof 1 foot per hour unul this morning, and has risen vlowly all aay. Since last might the rike reaches over 10 feet.” It 13 pow 19 feet. It 18 reporied u8 {alling above ¥ort Gitron, Cincinnatt Guzeze, No auch wide-spread (.evu Lnown u the Olio Vallesluofote. For weeks and weeks the rain bns fedlon steadily, and all the tributary streams -of the Ubto bave becu gradually rising day eff.or day. The storms oul~ minated in the rains ol Saturday night and Bua- day, The ocarth, drevached and moakinyg, esull talio no more, nnd th.o sireams, swollen alreudy to algrming dimensrons, receivad an zdditiousl voluhio of water. Lleir banks have beon ovoer- tlowed, and fields that havo Leen ready far the Larvester for days aieuox undur walor, - Gentle- men who came £ om Colambus last night say that all along the SboreLine Balroad tho telus nto covered with water, above which the shocks of wheat are, 1 many places, bately hugh cnough to project. Letween Hunumgton sud Lafsyotte it in estitatod tbat nb least 100,000 acres are floodecl. Near Circlovule 2,000 acrow, in one place, ure covered with water, At Mid- dlotown the Cirest Miami bas expaunded to ths width of a mile. From all parts of Indisua sod Soutborn Oblo the same gloomy tidings cowme, Houses have sbared tho calawity with lauds. Peopie hiving In the lowlauda bave been driven 10 the socond stories. Uarns svd outbwldings have been #wept mway, bridges havo yicidod to tho fides, ra:lroad tracks sre submerged, sud bighways aro undor water. Thero seoma to bo no hope of eecapo for the Southorn country. Tho Missssippi, which in now rieing wlowly, will, in its turn, feel the of- fecty of the vast volume of water from ita groat tributary, and next will, jo oll probability, como sn overtlow of the South. Bucl a flood as this is wholly unorocedented at Ll soason of the year. Wo lave bad two or threo times witbiu® tho last feu years bigher water than wo now have at Cinciooati, In 1869 the river attained a dopth of 43 fuet, and in 1867 of 54 foet. 1f we do not mistake, it haa at onc time since 1866 boon as bich ms 55 feet. But thowo tloods occurrod in the spring or wintor. Now they come iu the midot o the tabors of tho farmers, when the carth is rich iu its produc- gy, aad when flooded flelds mueau irrovarabie damage. THE ONMO RIVER, Oineinnats Cummeercial, Aua. 3, The Ohic Hiver in frout of Cincinnati last night waa a dismal sud majostic apectacle. The depth of the tawny and suonstrons torront was A6 feet. The water ran 10 wild whirls, the pre- vailing yollow -Fuuml with dark patches, show- ing that the washiogs from the hills and bottons lands were not thoroughly caumingled, and the curreut was marked by mamses of drifiwood. T'ho stream wan riving rapidly, and the telegrams tell of tremeudous overtlows {rom the modt fm- portaut tributarics above, ¥ that o may expoct such a river a& Las not becu socn for mauy a year, CENTRAL OmT0, Cineinnets Gazeite, Covuxnus, 0., Aug. 1.—Tnero is genorally s good deal of oxaggeration 88 to the damago done Ly tallurs or oxcess of ruin. lut to many it liardly ecems possible to oxaggerato now, aud all throogh Central Ubio thero is but oo opinion, vamoly, that millions of dollars’ worth of prop- erty bias been destroyed. The wheat hiad to cut, when cat at all, ip the fow transient inter- vals between the raiue, aud much of it wau o wot when pus 1ato shook that evon if dry weath- er Liad iinmediately succoeded the shocking, it would have been injured or spoiled. But no dry weather caroo, and rot, Llght, and mildew bave beeu the uousaquence, 'i‘he bogy have beon turued fnto bundreds of flolds to mako the host thoy could of tho sprouting #ad rotting gramn. Ths is on the high grouuds. Of courso it has Yeen worso 1n the vulloys, for these huve every- whero boen submerged, and not only the wheat but ali other crops have beou drowned out or wasliod up and tlosted away, Along the Iock- ing, the Bciatv, the Lickiug, the Cosbhocton, the Tu awas, sud socores of smullor streams, the same lugubrious wtory is repeated, until ono weuries with thoe aniform detaiin of destruction aud Joes, What the effcot will Le upou other crops thau wheat, not growing in the valloss, is more & matter of conjecture, and tho outlook iy by uo means 80 hopoleas, THE NAIN-FALL. Cincinuats Gazelte, Aup, 3, The rain-fall at Ciuciunati for the months of Juno and July was 14.48 iuchos. This is oxtraor- Winary, But 8t Lows goos ahiead of this citv. In Juno the Bigual Bervico officor at that place reported 10.84 1nchies, and in July 8.67—total for tho two moutlis, 19.55. Thia is about Lalf of tho average rain-fall of the entire year. At Iodian- npolis the rain-fall durivg tho two months was evou greater than at 8t. Louis, The Hignal Ber- vice oflicer at tuat place reporte 14.20 inches In June, aud 11 inchos {u July, Total for the two months, 25.33 inches, a rain-fall that may fairly bo claimed to bu unprecedsutud, No single storm that wo have ecxperienced Iatuly Liss come anywhere near that of Juno 17, 1863, ''ho rain began to fall about 11 o'clock vn the night of thae 17, and coutivued, nith an termission of au hour, until 7 o'clock the next mornipg, The Unitod Status westhor gauys, which waa canatructod to record s raiu-fall of 447 incuud, Was overdowod. Mr. R. O, Puillips, tho City Englueer, 1n s nots to the Gazette, waid that sccording to the best measuroments aud calculs- tioun he could make, siz and one-nialf inchea foll in thoso eight hours. ~ Ho far as any record ko thist weo hiavo accoss to, that la tho champion raiu-fall of Cincinuati. IL was moro than throo luces as presy asthas which fell all day Bunday. i EMANCIPATION DAY. BSpecial Diaputch to The Chicaiw Tribune, CepAR Rarpivg, Ia., Aug. 8.—The avniversary of tho emancipation of stuves in the West Indies was colebrated here to-dsy in an appropriate manner, about 300 colored people participating. The oration was dolivered by H. H. Waller, col- ored, of Mount Vernon, and way au able effort. To-uignt thero will bo freo speakiug and a cou- zflli' whoa the exorciscs will ceass with a grand all, —_— OCEAN STEAMSHIP NEWS. LoxpoX, Aug. 8.—The Canads, from New York, was off Lisard to-day. Bouruaxeron, Aug. S.—Arrived—Bteamor Donan, fram Mew York, New Youx, Avg. b—Asrived—dteamer Etbi- ana. fyom Glasow, FINANCIAL QUESTIONS. Apother Letter from Ex-Secretary McCulloch, on American Credit, Payment or Semi-Repudiation of Our National Bonds, Tho Intention of Congress that ihe Donds Should Be Puid in Coin. Views of Correspondents on the Currency Question. The Value of the Greenback---low to Reduce the Gold-Premium. Our Alolition of the Specie- Standurd, AMERICA’Y CREDIT, EX-BECBETARY M'CILL(, 11 N Tur PATMENT O Loxpox, July 12, %o the Editor New York Trilune o matter what r:n,ofi: tions may be ado'stol by politieal conventions for party purporr g, it ¢ unquertionabiy tine that tho bonds 41 tho Uniited Staten, isaged duce ing aud imme fately af'er the late civil War, st of whic'a ars knovn as five-twenlin, were offered and + pld with the express uuderetanding thiat they = gro to L f&id, Ltincipsl and interost, iucoln. “ fhey wero tulseribed for by our citfe zeur, b’y takion from them Ly Cornizmers witl this undjorstanding. I1ad it boen atlicrwive, the Tiabell jou would, in oll humau probabiivy, have bren wnccesstul, for it must bo borno in mind that tho contert betweon tho Governwent aud the Confederato States depended it itaresnits an m ach upon mouoy avd eredit s unou nrins, It tisy bo eaid, without detractivg from tha 8kl and gallantsy of the ofticers and solaiers of tlio Uniou armies, who won for thom- solves and their (lovernment imperishailo re- nowa, that the sappression of tho Rebellion was attributable no Iess to the superior tinancist atrength than to the caparior numerical strength of the North, If wictory, otber things beng oqual, must ride with the heaviest battalions, it 1 money thut keors theso battalions in the field, The remark has Leen altributed to Nupoleon, that, in war Letween uations, the nation that can command the {ast dollar must at last bo the victor, OBLIOATIONR TO GERMANY AND HOLLAND, It may Lot be tuo much to kay that the Union was ‘‘waved by foith,"—~by the contidence which was placed Ly our own people aud by foroigners in the serurances and pledged of the tiovernment epeaking through us au. thorizod reprosoutatives, Althouis no for- elgu loan was directly made, tho abilily of our citizenn ta subsenibo aud pay for tho bondy which wers igsued dependied upon the marke: which was opened for thew in - Europo,—chicily in Getmany and Holland, ko peoplo of tho United States owe a debt of gratitude to tho Germaus and Hollanders for the coutidenco thoy bad in our eecuritics, while, With rare oxcep- +ions, tho investors in all the other Luropean markots regarded them with distrust. Tnha doalers in Unised States bonde in New York and other soaboard cities kuow bow unportant the Germno and Holland markets wero to us in the days of our greatest financial troubles, ‘The Germau and Holinud purchssers of our bonds 8aw that they mere in the usual form of nation- 810" ligations ; that they wero yavabio in dol- Iars,—uot liko thie comipound iuterest on tho 7 4-10 putes, in lawful woney, but in dollars,— und they ook it for grantod that Nocietary Chase, bin fumediate succossors aud their agent, opoke by suthority wheu thoy sited, with the full knowledgo of the Exscutive sud tho lsw- waking branches of tho Governwent, that by dolisrs was meant not irrodecrualle promises, but gold. Iodeod, witbout stuch assurances thov would not have supposed that bonds ttendid to be kold in other countrise 48 well as in tho United Siates conld be pagable in unything else thau coln, the ouly interuatiousl cusrency of the world, WUAT DONDS WERE EXPRESSLY PAYADLE 1N COIN, Fortuvately, it was not unnl the uecessity for burrowing hbuad censed that the wtatutes wore examined for tho purposo of nscertituing whether or not the tiovermment could violate its faith without violating the law. Iy this examioation 1t was discovered that the act of March 3, 1863, under whicl 75,000,000 of G per cent bonds.—a part of those known a4 vonds of 1431,—and the act of March 3, 1564, under whicli the ten-forty 5 per ceuts, wero suued, wera {ho only ones which wtated ex- pressly that the bouds issucd under thoemw should be paid in coin; and that all the other acts under which bonds were issued during the War, while they provided thal tho interost shiould be paid in colu, were silent in rogard o the currency which the principal should bo paid. Heucs the position was taken by rome Wetlameaning per- and other not weil-meaning persons, that overnment wight, under the wweepiug provisions of tho legal-tehder acts, lawlully call in the ive-twouty buuds at any timo after tive yeara from fheir date, and pay them 1 legal- tonder potes, mo toatter how depreciatod tueso notes might bo, Iudeed, there are somo prominent men smopg our boliticians (tor- tunately, the number I8 very swall, aud duily becoming less) who are bruve enough to assert the moral as well as legal right of Congroes to rereal tho acy of 1809, which pledges thu faith of tho natlon to the paymout of ali its bonds in coin; Lo call in tha boudy, which by their tunor aro subject to be callok in, sod pay thew ju lekal-tendor notes, slthough euch paymont wight ueceavitato such furiber issus of these notos as would mako tho outire fsnue well-wign worthless, Tind would bs repudiation, sud cawardly repudiation a¢ that,—ropudiation whicl would uot ouly make the American namo & re- proach among tho nationy, Lut which would rob the peoplo for tho purpose of robe Ling the boudloldors, It has been un forwunate for the crodit of the Goveru- ment, sud consequently for the matured - terosts of the tax-payors fu the Uuited Siates, that ttus (Pmuuu Lus ever boon rased. It would not, [ approhond, biave beon ralued by any farr-minded porsons if tho facts and chicum- stances under which tho bouds were insusd had been carofully examined, for such an cxamina- tion would have shown them ; THE JONDS TO LE PAID IN QOLD, First—Tuat, iu the oxhaustive discunsions, in the House aud Bouate, of the acts suthorizing tho issuo of theso bouds, they were wpoken of by all who participated 1 tho debato as befoi lmynma 10 gold, If anything elso had beon iu- ended, would Mr. Thaddous Steveus, tho Chair- msn of the Committes of Wavs uud Meals, bhave uttered tho following langusge ¢ A dollarfun ilser's wife a8 soro disturhance. Whers would thoy tuvost 112 In Dubted Niates Josus 81 6 per cunt, rodeosable Jo gold 1 twenty yeard,—ilu Leat and most pormanent fuvestruent thad coubd b ilv- afred, But widows aud orplisns ury intercsted, and warslest shelr catates hould be budiy lnvested. 1 pity no oo who Lus money wmvested [n tio United Htates bonds payable fn gold iu twenty yean, with tu- tarcet semi-aunualy. 1 defy suy man to polnt out a #lugla Intima- tion, by any member of Congress, while theso acts’ wero uider couniderativu, or by uny jour- pals lu which shey were discussed, thaf the bonda to be fusucd under thom wers to bo paid or might be paid in Jegs!-tender notes, PURFOBES OF TUK ACT OF VEURUANRY, 1803, Such au oxamiuation would have Lo act of Kobruary, 1802, the firut of the L Teudor acty,aud the moat important of the Losn scts, which wuthorized thie 1esne of $150,000,000 of legsl-tender notes, aud also of #500,000,000 of five-tweuly bouds, expressly stated that the purpose for which these bonda word [ssuod was to onable tho Booretary of the Trossucy $0 fund the Trossury noles (already le- ? NUMBER 345; sued), sand the floatiog dobt of the Unlted Hintes; and that the Bearetary “ was anthorized to dispose of the bonds at'tho market valne theraol, for coin, of for any Treasury notea {s- eued under any former sct’ of Congress, or for tho United ~Stalea notes [greanbacks, ns they have been called] that might bo s sued uudor this act.” "In it supposable that Congreres intendod to provide for funding the floating debt and Trossury notes in theas ewg,uuo,ouu of bonds, which, at tho explration ears, miglit bo callod in and paid in tho ,000 of nhotes which, with the fltfillg 150, dolit’ and Treasury .notes. wero thus funded ? WHY ONLY THE INTENPAT WAS TO BE PAD I¥ - COIN. Third—Snch an exsmination would have thown that the lezal-tondor notos were ro- Farded as a foreed loan,—temporarily only,— and only jusufiod by thoso who advacat their ivuo e a war-measuro. In fact, od tho imsuo of Iegal-londer notes was '° ghat at firet to £150,000,000, and subseqn .imitod £400.000,010, ent that thoy wero Inte ently to only 8 temporary is-un, shows wh* oded fo bo provielon was only mnds for the © interost dn com. Tl wan ne- siuglo momber of Congrens * that, before the expirstion the date of tho first five. der noten would bo pa tary of tho Treavars thu following lang .« i s not atd (in ! nj:" S einl-tender it 0o Legal-Tenidor arta) ihat they" cigal of bande +8) sball-not be r«etv.\hla!}ur::g’x.fi?: wore oxrect 2 fUF Eio very obvious reanon hat thes provicion to Le but & temporary elrculation, K tompor _that thewe notea—intended only to meat w. £ eniergencs—~sbouhl nog ba receaved for the SRS of tho principal of bonds which wern oot Tor 1+ anavlo for fivu yearn, waold Liavo been quits Likely s liave preven(el their fesite, The public Judgment had not then been perverted by an feredeetastie cure i & propattion that indicated & long-contine ved ‘depacture frum o epecin atandard woold bave W few wapporters 1o Cougreas or among the poos st wan that »atment of tho .. approhend, & <ho did’ not expoct of fivo years from «ventien, tho legal-tene - or fundad, Fho Becro- bis report of 1867, used m ples LEJAL-TENDER NOTES AS A CINCULATING MEDIUN. No ono can, I think, read the debates in Cone gross npou the Legal-Tender acta without com- g to the conclusion Lhat, it Aoy apprehension had been expreswod or felt that tbose notes wauld Lava continued 10 Lo a circulating medinm for fivo yeats, the authotity to issite them would not Lave been granted, “The Socretary of tho Trensury concludod hia thorough diecussion of this qnostion in tho rovort referred to (if hig conclukions have teou refuted, I have never uzen tho refutation) in tho following words, which I trust L may bo pardoned for quoting : In oprositlou to all auch expedicata for paying, or ratlier for getting Hid of, the public debt, ta the up- sty worid-honored, economical policy of paylng cvry obligation of tha Government sccording to the WndeTHandIng with whicl 8 was crested ; the policy ot ppreciatiog the paper dollar untll {t ahall repre- renta dullar tu ecin ; of wiving stability to bustuess and uksuratice fo enterpiiee, and wiping from the country tho reproacls that reata upon 18 by reason of tlie low yrh e uf it4 hecusition in the great maria of tho world. “That thin {a the 1alicy which will ba sustained 1 the peoule and tuelr representatives, tho Socretary has tho fullest confidence, There may hereafter ba nations wluc, Ignoring thelr Loporary obligations, way Iook aoly” to ele own stattes for tho essuro of thelr Maufllties, If there . shall Le such natious, the Lepnblle of the Upited Sates il not’ be fouud nmong them, 1t iaw ennuntially suffered by the actual repudistion of rome of the Htates, and the virtual repudiation of otliers ; it fa atill_sufferiug from the eame cause, ok thuagh'more than a quarter of a century has elapsed #itico thig atima wyn frat fixcd npou Amatican eredit, Itds mul n> from {he fact that Masaschusatin of uli the States, have continued duterent on tisctr bouda In_eoin, But, 2l thougls it has sutfered, and fa etill suffering from the «ad faith and falae econiomy of Rome of ita membere, its own tinancial hoor Is upsullied. It has committod the mintike of making fts {nconvortible promises & legaleteader, Lt It hus never talen advantage of its own_lediniation o lessen in tho Lands of the holders the value of I'n_sccutitios, or violato ita engagements, by cavert repudiation. Iluon McCunLocu. g THE CURRENCY QUESTION. VILWS OF CULLESIDNDENTS—THE VALUR OF GREENBACKS, To the Editor of The Chiago [riouns: Miwavice, Win., July 20.—In studying my movoy-lekson to-dny, 1 ¢smo acrows this abotruce problem in ‘Pur I'ninoxe of this morning : A drivking-party, windig up with 8 smoke, No. 1 usod & £1bill for s cigar-lighe; No. 2 fol- lowa with a V; No. Jimmolates an X; while Na. 4, to Ueat all, and show how ho was master of tho situation, draws his chock-book, writes a check for £1,000, eigos it, aud ligh's his cigar therowitl, You ark how much poorer was No. 42 Now, really, Mr. Editor, that iu an abefruse metaphys- ical question, and ono of those things which “no fellow can find out.”” The price of puper was worth something; No. 4's time and signaturo wero possibly worth tomething; winle the blanic check might Liave had a 2-cent stump op, which would bavo made valid to that extent a check at the bank. Not laving all tho cunditiony of the prablew, I caonot arrive ot the truo rosnit, Can't you Tostata it in o subae- quent ivdue ? A to th chock ropresenting monoy, that 18 another bothorsome question, l'ossibly No, 4 bad # bank-sceount ssmenhore; poesibly it mught have been equal ta the chieck, v which ense, had the right bank been drasn on, and the chock bosn duly presented, the 1,000 would have becu paid over. Meanwhile, the check unght bavo represented tnoney, Dut I think that is rather a loose way of expressivg it. check 1s, wtrictly spoaking, sa order on o bank, from a depositor theroin, to pay o cortain snm fram Lis deposmit. But this cliock in the hands of No. 4 did not represent auvthing, excopt what it had cost bim, e had uot paid anything for it, excopt the statlover for tha paper, printing, and binding, and possibly thestamp upon it, Ho much for No. 4. No. 1 fooled away $1; No. 2 burved up €5; No. 8 was out 810 ; and Unclo Sam—which moans Us, We & Co.—mindo &11, boeidea tha revenuo on tho cs- garw, and possibly the stamp au tho check, ‘While thero are lots of such fools in Chleago, I am consoled about thoe delay 1n comiug to spo- vie-payments. Perhaps, if wo wait long enough. Wo may get a gaod {orsion of tha national deut paid 1 that way, —enough to nearly equal tho present differsuco butweon rold and greoubacks, —in which esswwo might resumo at onco. G, [Our correspondont will porcolve that the value of & grosuback depouds somewhat, liks that of a choclk, oo buing honored by paymont on presontation. Lot * Q" prosont a $10 green- back to any Sub-Treasury of the United Statos, and dvmand paymont therofor, and noto the an- #wor o will receive. Ho will bo told by the cashier tht Unole Sam i not doiug that kind of business,—Iis not redeeming thuse promises, Tho greenback {s simply a check on the Troas- ury for tha amount of gold ita faco calls for; but it la dishonored on presentation, and the holder is sunt away ewmpty, s this right? Is it Lionest or bouorablo for the Goyernmeni of o rreat uation ko that of the United Biatos to Lty refuse 1o poy it duabills, or even to pay interest on thom? Tiue Twinuxy thinks it is both dishonest and diegracoful.—Ep, Tusuar.[ THE GOLI-PHEMIUM, To the Editor of e Chicduo Tridune; Cuicado, Aug. 1.— A very able lotter appaarsd In your tssuo of tho 224 ult., eigned * Berg " on thro muttiod ho thought beet to merge the gold- prewiui, and, after, to reach specio-paymonta. When writors begin to clucidato s technical sub- Jectas o has Qouo, Auccess s not far distant. ‘The writer trusts that “ Berg* will pardon him if ho cslls big attontion tos fow roasons which may spposr antagonfstio, though offered more to asnist than to oriticise his mblo letter. + Borg " advisen the recolpt of intorest-coupons for customa-duties, ao as to need less gold from tho told-Room, and theroby lesson tho prominm on gold, or, rather, as Tuz THBUNE more cloar- Iy puta it, lessen tho discount on groenbaoks. Ouue of the nany ill effects of such a ourrency in to drive coins out of use a4 a circulating medi- um, aud make it simply an article of commerce. ‘The writer thinks that the gold-premlum should Lo reduced iudirectly iustead of directly, as state ed in *'Borgu” lettor, Wa must accumulate bullion before we can airive at apecie-payments. By roceiving coupons for customn we drive goid still more out of circulation, and, baving no work to do, if bulliou-dealers can make profiy on auy kind of scourities, they will take idle gold, aud seud it whoro exchauges are most fa~ vorable. It 19 woll koown the strenus cus offorts the Bauk of Frauco has been makiug—its currency balvg st & &mall discount—preparstory to apecie-resumption. T'hat institution has now some $180,000,000 in its vaults, Wa do nui sea any cousomlits in H