Chicago Daily Tribune Newspaper, August 5, 1875, Page 4

a TERMS OF THE TRIBUNE. ATEN OF KUPACRIPTION (PAYAPLR IN ADYANCE). Portage Prennld at thia OMtce. 913.1 Wenkly, ) year, 3:88 | Feet 3,00) 782 oie ae Cs t the same rate, Wantro—One active agent in each town and village, Bpecial arrangementa made with auch, Apecimen coptes sant free, ‘To provent delay and mistakes, be aure and give Poet-Office address in fall, including Stateand County, Remittances may be mado cither by draft, exprony, Poat-Oftice order, or in registered lotters, at our rink, TRUME TO CITT EUDSONINERA, Daily, delivered, Bunday excopted, 24 centa per week, Daily, dolivered, Buniay fncludod, 330 centa per work. Addrean THE TRIBUNE COMPANY, Corner Afadison and Dearborn Chicago, Ut, MUSEMENTS, HOOLEYA THEATRE—Randoiph etrret, between Clark and LaSalle, Engawement of tho Union Bquare Company, Tho Two Urphaus.” ADELPII THRATRE~—Dearborn treet, eorner Mouroe, “ The lee-Witeb.” “SOCIETY MEETINGS. ATTENTION, HIN KNIGHTS t—Chicago Command. ery, No. 19, K. T., drill every Thursday evening at @ o'clock, By order of the ¥. 0. RICHARD THOMAS FLOURNOY, ‘Oaptain-Genoral. Ohe Chicags Cribune, Thursday Morning, August 5, 1875. Greenbacks in Now York oponod nt 88} and closed at 88} An important discovery in the shape of an electric light to bs uscd at son bas just beon perfocted by Commander Panen, Chicf Signal Officer of the Navy. In nddition to the luminous quality of the light, it is so manipulated ns to emit a shower of electric sparks or stars, and by patient experiments the new process hoa been completed to the ontire satisfaction of the Navy Department. Beturns from tho Cherokeo election indi- cate that Col. Ross, now holding the office of principal Chief of that nation, has been de- feated by the Rev. Crantrs Tuomsox, ‘The Chicftaincy has been held by some member of the Ross family for any years,—in fact, during most of the timo sinca tho tribe aban- doned their nomadic habits and adopted a civ- ilized form of government, oss’ successful competitor has long been very popular with the Chorokou Nation. # A just and judicious disposition was made last evening by the Common Council of tho matter of the city’s connection with the fail- are of Duncan, Snenman & Co,, whereby in- terest conpons to the value of about 242,000, remaining unpaid at the time of the failure, mmust be lost oither to the innocent holders in foreign countries or to the City of Chicago, The Comptroller, with an eye both to equity and to futuro credit, strongly recommended that tho city assume tho loss, and this action waa token by tho Council without a dissent. ing vote. An attempt was made Inst night by o fow Aldermen not wholly lost to a senso of tho mischicf perpetrated by the amended polica ordinance] to repair tho wrong by a revision of tho bungling work of Monday night. Of conrse this was opposed by another class of Aldermen, in whose estimation groas defecta aro absolute perfection. Tho proposition to revise was finally referred to the Committee on Police, and it is ovident that nothing ahort of astnbborn fight for law and deconcy will enable the respectable cloment of the Coun- cil to effectually resist the present alarming tandency toward absolute Inwlessnoas, The Herzogovinion uprising is not to bo 60 easily digpoaed of na the sarlier dispatchos soomed to indicate, Tho Montonogrins, tak- ing advantage of tho opportunity to alow their approolation of ‘Turkish ral, are flock- ing over the border to tho assistance of tho insurgents, ‘This is eaid to havo takeri place dospite all the offorts of the Prince of Mon- tencgro to deter his subjects from ontering the disturbed districta. It remains to be seen whether tho inhabitanta of Bosnia and Servin aro inclined to romain nontral, or will, by taking part in tho fray, increase the un- tasiness of tho lending Continontal powors which aro so gonsitive to every political vontin that inflammable oornor of Europe, Slowly and by dogrees the proccas of Gor- man unification gocs forward. ALrnep Yaesr Avner?, Duke of Edinburg, Vio- momma's socond gon, who is holr-npparent to tho throne of Saxe-Coburg-Gotha, ponding the death without issuo of his unclo, Exnzsr, the present reigning Duko, hos bertored his birthright to this oxtent for'tho very hand- some annuity of $400,000, tobe in hand paid by tho Gorman Government, It seoms an enormous pric for a little bailiwicknot much larger than Cook County, with a population of 160,000, and wo oro inclined to think that ff Auyngp cares more for currenoy than for the glory of being somo day a Serone High. ness, he drove a capital bargain with Kaiser , Wrunest, In an interviow with o Tnmuva reporter Jast evening Mr, Duyiar signiflod his inten- tion to accopt tho Mnrahalship, stating ‘that he had beon induced therato by the most solemn plodgos on tho part of the Moyor of hia full and unqualited sup. port in all attompts to increnso tho efficiency of tho Police Departinent in the suppression of crime and the rostoration of good government. With this undorstond. ing, and nothing less, it was possible for Mr, Dorsy to enter upon the mighty task with Jnatico to-himsolf, and, if ho fails to answer publio expootation by reason of oven a par- tial nonfulfillment of these pledges of support, it will then bo casy to locate the responsibility, © Mayor Coxvin has but a tow short months in which to correct the shocking evils which have flourished under nig administration and to vedeom himself trom a stigma somothing worse than that of mero incompotency, and we hope he will improvo the means of graco afforded in tho present opportunity, = The Uhfcago produco markota were excited yesterday, and gonerally stronger, owing to tho rain, Meas pork was active and 350 por br] higher, cloaing at $21.40 cash, and $21.65 for Beptember, Lard was in good demand, and 100 par 100 tbe higher, closing at 918.55 caah, and $18.75 for Beptember, Ments Wore quiot and firmer, at 8jo for shoulders, 114@120 for short ribs, and 1240 for abort clears, Highwines woro quiet and $o higher, at $1.18 per gallon. Lake froighta wore dull andenslar at 230 for corn to Buffalo, Flour ‘was more active and 10@180 higher, Wheat waa sotive, and 140 higher, closing st $1.26 cash and $1.25$ for September. Cora was dull, and {@yo higher, closing at 73} cash and 78j0 for Beptamber, Oate were active and Io higher, closing at 4540 for August, and 41fo fox Begtember, Sire was quit and stronger, THE CHICAGO WRIBUNE TITURSDAY, AUGUST 5, 1875. at 85a for Soptemb Barley was active and 2@%c higher, closing at $1.15} for Sep- tember. Hogs wero active and firmer, with sales at $7.25@7.85 for common to choico, Cattle were active and closed stronger, Sheep ‘were quiet and wenk, Bad news travels quickly. The gamblora of Washington havo, it would seem, already lenrued of the situntion in Chicago, and aro preparing for nn immediate pilgrimngo hith- er, as tho breaking up of the Fraren regime lias mode the National Capital unploasantly warm forthem, They were paying at the rate of about $100 per month from ench es- tablishment for immunity from disturbance, but this agreeable privilege is now denied them, ond they are casting their eyos toward Chicago as the pince whero a monthly invest- ment will do the most good. They acem to rely upon the continuance of the Rr. Hickey gamblers’ protectornto, and upon the refusal of Mr, Dunwar to exercise the barren functions of the Marshalship. Some of the Republican newspapers of the State ara suggesting that the Republican State Central Committeo shall coma together for the purpose of consulting with regard to the local elections this fall, We cannot soe what good is to be accomplished by this course. Thoro is no general election for President, for Congreasmon, for Legislative, or for State officers; and thero is thorafore nothing that comes within tho legitimate Beope of the State Central Committeo's ad- visory fanctions, The elections aro of tho purest local character,—County Tronsurera and County Superintendents of Instruction being tho only offices to fill, The State Cen- tral Committee cannot hope to inflacnce the choice of these officials, and we know of no reason why itshould. If the purposs ia to discuss tho Presidential campnign and a Pres. idontial candidate, our advice is: ‘ Don't.” More hann than good will como of it, The Democrats in Ohio are making the best pos sible campaign for the Republican party, Tho Democrata everywhors aro splitting on the rock of inflation and repndiation, and the thing for Republicans to do is to qniatly ict them split. When the time comes around fornominating Presidential candidates, it will be tho duty of tho Republican party to nom- inate a candidate of character and dignity who ropresonts honest money and honest taxation, and he will receive tho votes of thousands npon thousands of honest Dem- ocrats, aud the votes of all the formerly dis. affected mombers of the Republican party, Tho best thing Republican Central Commit- teos can do is to give the Domocrata oll the rope they want. —_—_—_—_——— RESUMING SPECLE-PAYMENTS, There is a wide diversity of opinion among many intelligent porsons who favor it, as to tho plan of rosuming specio payments, Many able articles over various signatures have been published in Tux Tamuns, but there is a fatal error, in our judgment, in all of them. It lies at tho foundation of the system of gov- ernmentnl paper money, and cannot be cured by any patent process, One of these writors, in yesterday's Tam. ung, replying to the suggestion of othors, insists that, os 8 preparatory measure for specio resumption, it is essential that the ‘Government should accumulate large quanti- ties of bullion, and fefers to the Bank of Franco, which belongs to private stockhold- ers, and which has now $180,000,000 gold in its vaults and $55,000,000 of notes ontetand- ing. In this way, it is argued, the Bank will gradually reach a specio basis, When sufi. cient gold has thus boon obtained, our cor- vespondont claims the Government will be in acondition to rosume, If this means that the Governmont would thon bo in a condition to redeem ita currency and rotire it, wo ad- mit the fact; but if it moans that the Gov- ernment will thon be in a condition to niaintain apecia payments and reiasuo its notes, and keop them afloat, then tho os sumption is not a correct one. Tho Bank of Franco, or any bank having the real capital, may begin specie payment and maintain it without difficulty, But the Government has no capital; it has none of the facilities for getting its notes back into circulation that banks havo; it las no income from its busi+ ness, and, unlike tho bank, has no profits, Its function o# 0 banker is merely to iasuo notes, without any monsy to redeom them with, ‘tho bank, as fast as its notes are ro. deamod, londs them out again at interost; it rocaives deposits, which it uses as if its own monoy, and, by loans and discounta of its capital, notes, and doposits, earns money, which strengthens ite means of doing businoss, Tho Government of the United States, on the contrary, has no capital. It has nothing on which to draw to pay its greenbacks, Its only income is the proceeds of taxation, and no ono proposes to raiso gold by taxation to redeem tho greenbacks, It can only accumulate gold by increasing taxn- tion or by the sale of bonds, and to thia tho country ought never to sub. mit, But oasuming thot tho gold was accumulated in sufficient quantity to warrant redemption of the greenbacks, how ia the Government to get tho greenbacks back into circulation? Tho only process that fs practicable ia that of buying bonds with them; and when the bonds aro bought, ond the notes have been again put in circula- tion, and are presenied for rodemption, then to got gold to redecm them the bonds must bo sold ogain, It ia only by a see-saw opera- tion of thia kind that the Government cau evor float a paper currency at par, and onch time the operation is repeated it must be at a lieavy logs, ‘This proposition is too plain to roquiro argumont, for it will get less for its bonds ag agellor than it must give os @ Purchaser, ‘Thoro is, therefore, but ono way in which the Government can Bet back to spocio pay- ments without loss or any disturbanco of businoss,—gradually but certainly, The Govornment of the United States has but 6 limited function in the matter of finance, Ordinarily, its duty is to lovy and colloct a Fovenue equal to the payment of all its ox. ponscs, At the ond of the yoar it ought not to owe anything and hove no surplus savo such ag may be incidental to an oxceas of revenue over the estimated receipts, When, howover, extraordinary expenditures ocour which had not been foreseen, or muddon emergencies creste tho necessity for Targa and unantiofpated outlay exceod- ing the current revenue, a dsbt is created which has to be provided for by loan; or, aa in the case of the late War, where the exigencies of the country demand Qn expenditure so far exceeding the capacity of the country to meet it by ordinary taxa. tion that the loan has to be made on long time and for large amounts, and perhaps upon unfavorable terms. Thore is but one way in which thiy debt, be it large or small, cen be paid, and that ie by the proceeds of tegatian, If the dabt be small, its payment be dlatributed over & few years Ifa lnrgo debt, it will take a longer timo. When a lawful domand is made on tho Trensury for payinent, the Government must honestly either pay the same or give a time-note bearing interest, Under the law of every commercial nation, all ovidences of dobt bear interest after maturity. ‘The United States Government make this nation an exception, Instond of paying interest on its over-duo Treasury notes,,it forces them on tho people as monoy, and they aro daily sold at tho Gold Exchnngo, and two or three times a month the Secretary of the Treasury purchases somo millions of these due-bills of the Govern. ment at nuction, and thon reissucs thom in payment of current expenses, Of conrse this ‘'money,” like all other paper which is not paid, is bonght and soldat adiscount, and fa actually tracked in by the Troasury Department. Tho Government has but ono of two courses to pursue in order to deal honestly with the public creditors, and that is to redeem these notes as thoy nro pro- sonted, or to offer to the creditor in oxchango for them a gold bond payable at tho option of the Government and bearing a low rate of intorest, say 3.65 por annum in coin, That rate would be equal to about 4 per cont on tho present valuo of tho paper, ‘That would settle the quostion of resumption of spocie Ppaymonts. There would be no ocension for accumulating gold, nor any occasion for in- crease of taxation. Whonthe currency should so dopreciate as to bo of less value than tho bond, it would seak invostment in the bond, and disappear, It is not probable that the retiroment would be ropid. At first a con- siderable demand, any 20 per osnt, would be surrendered for bonds in one or two years; tho value of tho remaindor increasing, the retirement would be slower. Gradually but certainly, and extending over several years, the Government notes would grow less in yolumé, but would steadily appronch par, This gradual retiroment of the greonbacks would prodace no stringency or dorangement of the money market, because the bonds into which they wero funded by the people would be of equal valuo with tho outatanding cur- rency, and would circulate in all the larger businoss transactions and pass frocly as money. In tho meantime, private capital being set freo and relieved of the standing menaco of the fluctuations of legal-tenders, would rapidly organize specio-paying banks with o currency redoemablo in coin; and thus all over the Innd wo would bave real dollars once more, and no longer bo cursed and paralyzed with a currency legalized as money, of no certain value, and by its fluc- tuations keeping all trade, production, and investment in a condition of terror and peril, THE “ORGANS” ON THURMAN, Tho recent remarkable attempt of Senator Tounman to tide two horses at once going in different diroctions haa produced somo equally romarkablo criticisms upon the part of the Democratic organs, As nearly all these organs have some special candidate in train- ing for tho Prosidoncy, and as Senator Tuun- Man is training himsolf for that position in a very anomalous manner, his course is, to say tho least, very distressing and bewildering to them, The Ohio platform, which lies at the basis of Domocratio aspirations for the Presi- dency, is clear enough in its enunciations upon the currency question. It is scrip and inflation first, last, and all the timo. It is in favor of scrip as the curroncy of the country, and of the unlimited expan- sion of it, rogardicss of its doprecin- tion or fluctuations, And now comes Sonator Tirunuan into the Ohio campaign and mixes up the issuea with the declaration that gold ond silver ond convertible paper are the only honest currency, and that sorip and inflation can only lead to oxtravaganco, speculation, gambling, and ultimato irropar- ablo injury to the trade and commerce of the country. Now Senator Tauaman is o Demo- erat and a candidato for tho Presidency. Tho Ohio platform of shinplastars is the Domo- cratio platforin of that State. Tho Ohio olec- tion this fall it is thought will settle any question which may ariso touching Domo- cratic chances of success in 1876, and the olection will tarn upon this Democratic issue of eerip, and Tovasan with his hard-moncy doctrine is working for the success of the Ohio Domocrscy with thoir scrip platform, which success will compol the National Democracy to go into the campaign upon tho same platform of occans of dobased scrip, ‘This anomalous position of Senator ‘lun. éax hog sot all the organs grinding in all kinds of keys, In tho midst of the goneral din, wo scloct two of the reprosentatives, the New York World ond Cincinnati Hn- guirer, one of which is for horteat monoy and the othor for dishonest money, The Now York World likes Senator ‘TuvaMan's doc- trines, but it doos not like it that Bonator Taunsan should havo uttered them, as it has a candidate of ita own in training for tho Tresidancy; so its criticlam, oa might naturally be expected, is nine parts of doo trine to one part of Tovnuay, its enthusiasm culminating in the remark that ‘Senator ‘Thurman ig entitled to tho most respectful and considerate appreciation of his fcllow- Democrats for this effort to rescue his party in Ohio, if posuildle, from an assassin’s stroke.” This is obont as enthusiastic o40 man in a wet blanket would bo,—a sort of damning with faint praise,a gentlo patting on tho back with the encouraging praise: “Your doctrino ia very nice, It entitles you to respoot and appreciation; but wait until we bring out our man on your platform. Whilo you are entitled to rospect, he will arouse tho enthusiamm and fire the hearts of the Democratic masses.” This is virtually what the oriticlam of the Now York World expreasos. Now let us hear from the othor side. Tho Now York World uarcastically al ludes to “the secret machinations of the Cincinnati corruptioniata who gather about the Enquirer office,” Let us hear from tho Enquirer, therefore, and ita festering barna- cles, and see how the rag-money men feel We haa spoken not at all to the salisfaotion of his and our Republican opponenta, who bad hoped for his pro- nounced hostility to our platform, and, as s conse~ quonce, to our ticket ; not altogether to the satisfaction of tha Democratic party of Ohio, whose best gifts he has borue, and ons of whose chlofest honors he still olds, the party that had the right to demand of him that he should msnifest no open symptom of holtiuity to the bellef it hos unanimously declared ; and he bas spoken with no concelveble advantage to himself, ‘That is plump, but, agit progresses, the organ grows more and more dircot, * He ‘was, to be sure, endeavoring to steer betweon Scylla and Oharybdis, and he has struck them both.” “He was struggling to talk to both siden of the Alleghanios at once, and the feat was too. difficult.” “ His peonliar attitude Peaters the Republicans, helps the Democrats, and is injurious only to himself," ‘These aro some of the brilliants from the Enquirer's eriticlam, ‘ Helpa the Damocrata"! How does it help them? Isit going to help the Demooratio party to drive a wedge into it? Ta it a help to the scripinfationists that there are plenty of Demoorats in Oblo who hold with Tuvmmax in bis hardiscusy dos. trines, and who will not work for any ticket that represents all that ia viciona =oand = dangerous in currency theory and practice? In it a help to the Demoerncy when Mr, Tuvnsran says tho Domocratic platform means ono thing and Mr. Ewino, who built it, means anothor thing? How ig it going to postor tho Republicans of Ohio, when nlrendy they are seizing upon the ‘Tirorman spocch and circulating tho curroney Portions thereof asa good Republican catw- paign document? Considering tho queation whethor it ia an injury to himself, we have nothing to say. Itis none of our funoral. The Enguirer and Mr. Tnurwan can fight that out between themselves; but consiier- ing the mannor in which, aftor being lashed by the Haquirer, the Senator turned and planted blow straight in its faco, it will bo careful how it cracks its whip in tho future. ———— THE CITY MARSHAL. Wo understood at one time yesterday that Mr. Groncz L. Duxsar, recently confirmed City Marshal by the Common Council, had decided to notify the Mayor that he would not accept tho ofiico unless the ordinance creating it be remanded to the shape in which it was when the position was tendered tohim, No ove could havo blamed Mr. Dunxar for taking this attitude, The amendmonts of the ordi- nance which the buminer Aldermon insisted upon before they would consent to confirm Mr, Dunzap were nt once an injustice and an insult to that gontleman. Thoy reduced him toamere figure-honad. They simply sought his name ns a respectable cover behind which to conceal the same sort of management of the police force, and by tho samo men, a8 there has been horetoforo under tho prosent City Administration. Thoy put upon him the responsibility before the people, but divest him of pretty much all tho authority. They confer on Janz Reus and Mme Hicrey the authority to run tho force aa they sce fit, but nse Mr. Dunzap’s namo to silence publio criticism and lull public auspicions, Thoro would have been no wonder in Mr. Duntap declining to become the eat's-paw in axcheme of this kind; it is moro surprising, indeed, that 8 gentleman with so much at stake should take such a risk. ‘The organization of tho police force in this city may bo likened to that of o military regimont. Mr. Dunuar, nndor the nat ordi- nanco, will bo nominally the Colonel, Rems the Lioutenant-Colonel, and Hickey the Major; there will be four Captains, twonty Sorgeanta, and 600 privates. Bunt the ordi- nance deprivos tho Colonel \Dunzar) of every vestige of authority over his men, and con- fers it all on his Lieutenant-Colonel (zeus). Col. Dunxar will have nothing to do but sign the pay-rolls and flourish his sword on dresa- parade, while the disciplining of tho regiment, the appointment and removal of the mon, ero all in the hands of Liout.-Col, Reims, Col. Dunuap ia expected to stand by aud suck his thumb, while Lieut.-Col. Rema or- ganizes and reorganizes, drills and directa, re- wards and punishes, discharges and appoints, and dispenses the favors. But, if tho rogi- ment does not make n good showing on tho parado-ground, or if it runs in the face of tho onomy, or if it otherwise disgraces itself, tho people will court-martial the Colonsl for the shortcomings of the Lioutenant-Colonol and his other subordinates, upon whom his au- thority has boen conferred by ordinance, Wo do not think any competent military man would serve his country undor so humiliating acondition, and we are surprised that Bir. Dunap did not decline a similar situation in civil life. Tho chanoos are that he will dis- appoint the people and sacrifice himself with- out having the powor to do tho public any real service, ‘The amended ordinance confers the moat extraordinary and unheard-of power upon the Lieatonant-Coloncl. Sec. 6 of tho ordinance contains the following: Szo, 5, The said force shall conaist of ona General Superintendent of Poltce, one Doputy Superintondont of Police, four Captains of Pollco, twenty Soryeanta, and tho potice patrolmen now in the cmploy of the city, which may be increased or decreasud from time to timo, or any police patrolman may at any time be removed or discharged froin tho force by the Suporin- tondont of the forca, with the concurrones of the City Marabal, Tho phraseology of this rortion of the ordinance, whether so intend=4 or not, un- queationably confers upon Lient.-Col. Rem the power to increago or decreaso the police force at any time ho may geo fit to do so. This ia. power heretofore exorcised by the Common Council oxclusively, and by that body only ono a year, viz., whon the appro- priations aro made for the current fiscal your. Mr. Renu is now authorized to increase the police forca st his own motion 8 dozen times a year, requiring simply the concurrence of the City Marshal, He may thus odd tens of thousands of dollurs a year to tho oxpenses of tho City Governmont; for policomon appointed by him under this ordinance, and serving the city at his direction, would be ablo to recovor thoir pay from tho city aven if the Council should refuse to appropriate tho monoy for the oxtra men. We cannot soo what spooial claim the Suporintendont has established to this exceptional anddangerous power, for the unreasonable exerciso of which the poople will hold Mr. Duntar reaponsiblo, ‘The fact is now apparent that the Police Board was abolished simply for tho purpose of getting rid of Manx Surnrpan as 4 punish- mont for his rofusal to support tho charter of 1872, but that there was no purpose of changing the old order of things,—no inten- tion to assura the reorganization of the police force so oy to run the gamblora, thieves, bunko, and confidence, and mack-suction men out of thiscity. Cortainly the Council could not have expocted this to be done by confer- ring all authority upon 8 subordinate who has had the control of tho police force ever since Mr, Convix became Mayor, and under whom these ovils havo grown to their present alarming magnitude, While it is not probs. blo that Mr. Dunzar has accopted the place of figuro-head to apparently sanction what he will not have the power to provent, it 18 not any more probable that the bummer Alder- men will recede from their plan; and it is to bo feared that he will speedily discover that he has been placod in o false position. We do not believe that he is the man to consent that the uso of hia name shall serve to por- potuate the ineflloiency of the Police Depart. ment; but we do not sce how he can help himself, and there will be nothing left for him but to reaigo, If he ehall succeed, un- der the circumstances, in closing the gam- bling-houses and running out of town the bunko-men, and thieves, and thugs, he will deserve all the more credit for the work, but the prospect for this is exceedingly bad, —— ‘The cable bas brought the intelligence that beth the French Assembly and British Parlls- nfont have passed billsincorporating thescheme for tunneling the British Ohaunel which les between England and France. ‘The par. ticulars of the plan contemplated in the pres. ant enterprise have not come to hand, but it is bresumably the same schema whiah has been ‘continuance in offico, approved by bath Parliamonts, and in gon- eral conformity to tho reaults that have been ascortained from tho oxtensivo borings that have been mnde for soma years past. hero borings wero nindo at intervals of 600 foot across tho ontiro channol, and it wos axcor- tained that there ie probably a uniform chalk- ledge underlying the channel at tho dopth of about 240 feet, which can be bored throngh as rondily as tho elay in onr Chicago tunnol- work, As the channel is at no place more than 150 feet doep, this would give a Led of rock 100 feet thick between the water and the tunnol, ‘The length of the tunnel will be about 21 miles under tho water, with an ap- pronch of 4 miles on each sido, making tho entiro longth about 380 miles, It is thonght that the gases of tho tunnel may bo overcome by hugo air fans at tho openings, which would supply tho necessary oxygon for health and comfort, It is estimated that the cost may be brought inside £5,000,000, or 225,- 000,000 in gold, and that tho work will ro. quire about ten yonrs for ita completion. It ina gigantic undertaking, but one which, if successfully completed, will confer great benefits upon mankind. FIGHTING FOR TIME, Ithas now become sufficiently apparont that the City Hall office-holders are manipu- lating the quo-warranto case simply to gain timo, ‘The filing of now pleas, involving fur- ther dolays, and tho introduction of all sorts of legal quibbles and technicalities, aro not in the interests of a decision upon the quee- tion involved, but aro intended to stave of a decision, and get it mndo boyond the timo for holding tho city olection. It is a desper- ate offort to defoat justice, and thereby con. tinue the present office-holdera in office be- yond tho time of clection, thus enabling them to hold on auother year or two years, Hav- ing stolen a charter into operation, they aro now determined to steal themsolves into office under it after thoir terms .expire, by hindering the operations of justice. That is what is meant by tho introduction of all these quibbles and technical. ities, They do not want o prompt and speedy decision npon tha renl question at igsue,—that is, whether this charter was car- ried by ballot-box stuffing and fraud,—bat they want to hindor and thwart the due course of justice, and prevent a trial of the real issue until such time as may insure thom They know well enough that tho charter was obtaincd by froud. If thoy believe that it was honestly carried, why aro thoy making this Sight for procrastination, and prolonging the contest by every quirk and quibble known to sharp practice of the law? Why do thoy net join issuo at once upon the real question involved, and demand an immediate trial and decision? This they would do if thoy wera honest, and this they will not do because they aro dishonest. It is nono the leas the duty of honest Republicans, of honest Democrats, and of respovtable citizons of all parties, to meet, just oy if thocharter clection had never taken place, and make their nominntions for tho offices to be filled this fall, placing tho strongest ond bost men in nomination, If tho rospectablo pooplo of Chicago re. main inert in this matter, the bummera will prolong their term of office, and a prolonga- tion of their term will bo tantamount to its Porpetuation. —_—__. In tho foverish excitement which somo newspapers and adventurers have provoked with stories of tho wealth of the Black Hills, porhaps tho following candid letter from Liout. Joun H. Coat, of the Second Cavalry Regiment, U. 5. A., now in that region, to his fathor, Isaac Coaty, Esq., of thiscity, will bo read with interest, and perhaps gratitudo, by those who head it: Car Hanwer, Ulack Hills, July 18,—Camp Harney, from which I write, ie situated in the Black Lilla of Dakota,—to be oxact, in Istitude 43 dog, 46 min, 20 foc, and fongitudo 103 dog. 44 min, 46 800, Wehavo a Permanent camp hero, and sond out aurveying pariios ‘with small cucorts to mop thy country within o radiua of 60 miles, We are about through with the southern part of the Hills, and to-morrow will move up to the northward, with » view of cstsulishing » purmancnt camp about 60 or 70 miles from here, where wo will completo the survey of the northeastern portion of the Hills, Tnotice that the Eastern papers aro filled with Hoa about the gold-discovorios, Ihave just ae good op- portunities of knowing as anybody, aud I am sstivfod that, ao far, no rich déigings have Woon dlacovercd, and I don't belleve ono nuggot has boen found, The gold, #0 far, is in very email scales ; aud I, not being an enthusiast, havo falled to find out what the yiold actu ally is, 1 sm satlefied that most of tho miners are not making $1 a day, and that porlaps one or two parties are making $2 a day, by much hardor work than they would bu reyuired to do on any railroad in tho United States, Provision, as yet, cannot be bought at any prica; a0, when the stock which tho miners havo brought witll them is exhausted, they will probably Lave to call on the Gorornmant to keop them from staryjog. I am satisfod that no rich quarty-leads bave been found, ail owupsper roporta to thu contrary notwittustanding. If anybody thinks of coming to the Black Hills, ha bad bottor think twico about it. I really bellove that, so far, all tho alories of rich diggings havo beon tnyented by & few speculators, in order to gut people out bere to buy claims, ‘he miners hore are really not doing anything, but are lying Usk for tho rush, in hopes of solling out thelr claims st fabulous prices, I suppose there are about 500 miners hore now, scatterod through tho Hills, We have uo instructions to interfure with thom, bocausa wohayo other duticato perform, Most of them ares poor, deludod set, who have no idea of the diflaulties thoy will have to contend against, They seem to have come out here thinklog thoy would find tho gold lying round loose, and that all they would haya to do would be to load thelr wagous and start home with s fortuno, Ido not mean to aay thore are no rich deposite of gold in the Hills, because Iam no prophet; but I know that, up to the present time, they have not beon din oovered. 2 Tho popular agitators in Engtand havo found good working material in tho Princo of Waves’ visit to India, and will not probably abandon tho subjoct whilo tho interest In it continues, The immonse meeting in Hydo Park, a fow Sundays ago, waa significant and important It is sald to be the Jargeat public meeting ever held in London, About 100,000 people wero presont. Braptavom spoke, and ho was succoasfal in raising the popular en- tbosieam, or fury, t0 @ high pitch, Ho ine quired, “Who is this Prince of Wares?” and answored: “Thia Princo of Warzs, for whom our money ia spent, us no Prince of ours; he ia Princo of the wealthy closacy,” A still bolder utterance, and one which must obili the ardor of the noble Lords, was this: “If these great popular meetings, and thir protests against tho diversion of public moneys to Princes, contioue to be desplecd by Parliament, on the next occa- sion when & grant is proposed to a Prince wo will carry our petition and our protest ourselves into Weatminster Hall.” Bealdes this vast meet- Ing, six others wero in progress in other parte of tho Kingdom at tho seme time, and more than forty bad been held in the country during the preceding week. Bomo statistics not pleasant to contemplate, but very suggestive, are furnished by one of our Towa correspondents. Thoy relate to outrages upon women in that State during the past alx months. Newspaper files show that fifty-seven oases of this kind have occurred im the period wentioned. Of the perpstrators cf these out- rages, only three havo been brought to justice, and, even of these three, not one had a punishment. This is s sed commentary on the condition of Iowa justice, The fault in that Btate appeara to be excessive tendernoss of hesst a narbof tha cacols who rule, Doub leas thoro will bo some amondment in this re- spect whon the qnoation {a ason to be betweon tho safoty of wives aud mothers and tha comfort of beastiy mon, Tho abolition of capital pun- tshmont is mainly reaponsible for tho prosont inxness and inefiicionoy of criminal prossoutions in tho Btate, _—— ns ‘Wo recently set forth ins briof article some of tho qualifications of Mr, 8am Ranoane for the Spoakorahip of thenext Congross,—among thom his advocacy of tho odious salary-grab bistness and hia thorough indoraomout of it by retaining the salary which ho grabbed; likewlso hia haarty indorsomont of rag-money {nflation and high- tariff robbery, Tho Doaton Saturday Evening Gazette adds to those qualifications tho additional one that "ie han beon donn ina state of intoxi- cation upon tho Moor of Congress.” ODITUARY. TANS OUIRISTIAN ANDERSEN, Tho cable conveys newa of the doath, at Copowhsgen yesterday, of Hans Cunisriax Anpensen, tho celebrated Daniah noveliat, He ‘was something over 70 yoara of ago, having been born at Odense in 1805. Hia fathor was a shoe- maker, too poor to givo tha boy any better odu- cation than waa to be bad at tho charity achool of the town, and oven this meagre opportunity waa doniod him after he was 9 yoars old, S8von after this ho had the good fortune to be taken into the house of @ clergyman's wife aud om- ployed to read aloud to her, and in thin way his first knowledgo of litoraturo was gained. Sub- sequently, while working In a neighbor- ing manufactory for tho support of his widowed mothor, ho acquired 9 taste for reading playe, using hie loisuro houra in thie way, and at Inat becoming ambitious for the carcer of an actor. Lo applied fora position at the Copenhagen Theatre, but was unsuccessful, and, boing unable to obtain employment as a Jolnor, and having been ao unfortunaly as to lose hia fine voice, he was reduced to diro atraite of, povorty. Hotriod writing tragedies, but with- out success in attracting attention, until at last an influcntial gontloman, percoiving genius in the young man, scoured for him froo admiasion to ono of tho Government institutions of learn- ing. From this atart he made rapid progress, ond aftorwards took a fall collogiate course, 8000 becoming favorably known asa poot. A journoy to Italy formod an epoch fn hia caroor, and under its inspiration ho wrote his ' Improvisa- tore.” In “Only a Fiddler” ho desoribod bis own carly strugglos. Anvensen visited the Court of Denmark in 1884 by special invitation, and soon thereafter ho was granted a liberal annuity from tho Gov- ernment, whereby ho was onabled to follow frocly tho impulses of bis gonius. The divine firo waa not subdued by royal patronage in AN- DENSEN'a cad, His improved circumstances gave him the means with which to travol oxton~ sively, and bo haa sinco repaid tho world with hia charming tales, which have beon translated into English, German, French, Dutch, and even Dussian, . eS . PERSONAL Garnier, tho billiardiat, is an object of cuerios- ity at Newport. Gen, John F. Farnsworth, of St. Charlos, is at the Sherman Hono, Gon, William T, Sherman arrived at tho Grand Paciflo yesterday afternoon. Tho Hen, Matt H. Carpenter left the Grand Pacific yesterday for Milwaukeo. ‘Tho new postal card is to be oream-white, A deluded publio thought it waa to bo read, The Vokes family reopen at Daly's on Monday in thoir now oxtravyagauza, ‘tA Bunch of Bor- ries.” Our travoling correapondent writes that watoring-place coffea is a base Mooha-rye.— World, A Canadian journal, with puro disinterested- ness, recommends asa popor for ovory family tho Lightning Fly-Paper, The fields wera plowod up by the ternble atorm in Indiana tho other day, Bottor cali it a rain of terra.—Boston Post, ‘The Duke of St, Albana, liko Donaldson, is missing. His wtoam-yacht Ceres was last soon off tho Shetland Ialos, in s galo, ‘The oxtraordinaryran of ‘The Two Orphaas” in Chicago is socountod for. Thoatre-Demolish- er Talmage is taking @ vacation. Tho Rov. Henry Ward Boschor'a penchant for tho falr survives. Ho will addroua that of Now Hampshiro at Manchostor, in September. ‘Tho crows in Indiana suffor from some dread- ftulepidemic, They flys fly and fall doad, and the Hoostora are in vain looking for tho cawa. Emigration from Egypt has never amounted to anything tillthe womon wero allowed to go about without yels, Now look ont for # flood of it. A Professor of Anatomy has boon awarded the houor of painting the drop-ourtain of the Dres- don Theatro, Ho is supposed to understand all sorts of figures. ‘Tho papora aro discussing the question *Can Grant's grandson becomo President?" Woll, ho can’t next year, though ho might be Conaul to Brost.—La Crosse Sun, “Should chiropodiats bo admitted to tho Corn Exchange ?” piaintivaly aske theSt, Loule Times, —gracefully repoating the conundrum of its own exchanges without credit. Honse-flies aro not particular, They have no preference for gonulne butter over the artificial articlo. It docs not matter tos fiy what kind of cemetery ho bas, any way, Victoris bas twenty grandchildron, and it’a nigh time abe bad “nobody to call her Victoria.” Such familianty would be highly out of place in so venerable a potentato, Mr. R. J. Smith, Becratary of the Tradera’ In- suravoo Company and Preaident of tha Intor- astional Board of Lake Undorwritors, roturned yoatorday from hia Eaatern trip. The Rey. Dr. Porteous waa takon suddenly il! with gastric fover, aad bis congrogation was not mado aware of the fact until the doors of the church ware found closed on Sunday. The Hon. Bradley B. Smalley, of Burlington, Vt., Clerk of the Unitod States Distrlot Court and about the only notable Demoorat in tho State, in stopping at the Palmer House, Anew paper iato be started at Elijah, Ga., Thoy will try to keop it from golngup.— Courter- Journal, ‘fbat, of course, will depend = groat deal on the prophote.-Commercial Advertiser. If it lives, it will bo by a miraclo. ‘These vorses -wore applied to Gory, Tilden's boita, as # sort of poultice, by tho unabashed ‘Tonnyson of the Loulavillo Courier-Journal: Break, broak, break; Bresk, boils, aud give me relosse, Vor Iam tired of taking all my meals From the top of a inantel-pioce, MOTKL ARRIVALS, Grand Paoift—Arthur Armstrong, Philadelphia 5 II. 9, Greone, Bpringfeld; W. E. Olisfurd, Waukegan; A. B, Smith, Topeka; W. R, Gralf, Now York; W. a, Bains, Bt, Louis; James G, Drake, San Francisco; A, cl Boston; A. Herr Bebenk w Monieay Aro, lird, Bt Lowen Or luahs, Normal; ¥. L. Fluko, Otteway 0, 1, Galburn, unatl; W. Lowis, 0, Goldspeak, London, En- (land; Te B, Jones, 8 Louln G. A wdaefon Dera foo; ‘Ws A. Abbott, DosMoindse I. I Hhralne, Grand Haven,...Pulmer House—H, Beer, Bt, Loutet T. Buchanan, Utica; Aza Eastman, seria Golds MM, i. Henry, Starling e. Hooke, Nashville; fe ta fens noyer, Brooklyn; D. Crawford, gt, Louis} Charles ely Jey Pitburg: Joho Tipple, Bt. Loulss 0. £1, Fute, Philadelphia; 8. Noble, Cincinnati;’ D. W, Slouun, Crooklyn; James G. Dauiuis, Kaveas; Jobn Blair, Boston: J. HU. Lochester: Oharles E, P at, Lous; AW, Mitchell Missouri; Morton’ Halfe, Melbourne, Australis; A. 8, Whecer, New Haven | a lls és ‘oun A, Ricketts, New York; J. ¥. Yotter, Boston; George R, Allerton, New York; J.B, Rowo,' Gloucester ; G. W. Haskins, Now York; J. F. Patteran, Piladelphte ; ‘Ool, N.B. Boutt, Wheeling} ¢ ol i. ‘ed, i Bide Whi Lor 7 grierilad . Bur it. Louis; J. 0. Gregory, Madiacn; Capt, James MéiDonougn, ‘de, "Louis; 0. A B red Wild Haclue} Set’ Doan, Kevoiliay 0. B, Taylor, Leavenworth, I, ¥, Graves, Hartfird; Charlee P, Allen, Handolph, Va. J, dL, Adams Wuumiseon! Ae 2 Maton, Woalautie, A PENNY SAVED, Tt Can Bo Mado a Penny Earned in More Ways than Or Tho Incalentablo Vatuo of the Say. ings Banks to AN Grades of Society. An Interesting Review of tho More Prominent of Thoso Institu- tions fn Chicozo, Ban's Wherein Soourity and Reo. ompense Are Oombined to Perfoction, Wigs A Cily Which Contains Some of ty Best Savings Banks ir the World. ‘THE SAVINGS-BANK SYSTEM Tho vant gul€ which divides mankind of to-day Yow mankiud on te primeval darkneaa and ig. norance; whick -oparates the civilization of the Hineteouth century from the barbariem of the ages whon tho flight of timo itself waa unreck. oned, may be summed up in tho ono word, Econ. omy. Whilo mau lived to eat and sloop and por. potuate hia race only, proouring his shelter and his food as he needed it, and dug or hunted only 4s appetite impolled him, ho waa In tho lowest possible mantal condition. The moment ho lald In a stock of food for the noxt meal ho COMMENOED THE STUDY OF ECONOMY, Ho began to accumulate and hoard tho fruite of his inbors, oud that meant progress. To-day, ages sinco ho loarned that firet important losson taught by the voice of Natura to tho savage, he turus the surplus of hia produota into monoy, and doposita that monoy in a savings bank to no cumulate and be drawn out os be ceeds it. The ravage meroly laid by somothing—food, of course, for that was bis ouly nocd—for a rainy day.” The proverb holds with the depositor tn tho sar. ings bank, Ho lays by something for a rainy day, tut ho deposite not the equivalont of food ‘ouly, His uecossitiow aro more uumerond, ard Ohat he ourny stands a an oquivalont for thom. What ho lays by ts monoy, which moaus—for it fa con. vortiblo into—food, sholter, clothing, education tor lis family, and the million neceasitios of clre ilized fe. ‘ho savinga bank in theroforo A SYMNOL OY CIVILIZATION. In its present form it ise ula of «modern civilization, for it 19 not yot a century old, The firat suggestion of a savings inssltution was made by a philosopher, and to the credit of the American people he was one of them. A quarter of a century before any such Institution was eutablished, Benjamin Franklin urged its advisability. THE FINST SAVINGS BANK was ostablisbod io 1778 at Hamburg, the second at Boruo in 1787, Tho tiret over o:gan- ized in the United States was at Plule delphla in 1816, half = century after an Amorican philosopher had pointed out its uecoe sity. Boston and Naw York followed this exam- plo almost iminediately, and in time the whole Atlantic acaboard was provided with those in- atitutiona, In their infancy they received do- posite from ouly tho poorer classea—mechanica, domestic servanta, and others of thoir pecuniary condition. From this amall commoncoment thoy becamo popular institutions, aud extended thoir business to tho rich and poor until thoir depositors embraced all classos. ‘The savings beuk fs not only a aymbol of civil- ization, therefore, it is an lence of it, be- cance Ie hag boen mado possible only by saving wealltl ‘Tho practical working and effect of those in- atitutiona bears out tho theories of their catab- Nabmenut and justifles the foresight of tho « originator of them. The States which posscas the largost pumber of thom in proportion to population aro Massachusetts and California, and tho comparative comfort and woalth of the laboring classes in these two States fully anawers ovory quoution aa to thoir influence for good, A parallol confirmation is to be found in the rel- ative uumbor of theao institutions, proportioned to population, in the Nortboro and Southorn Statoa. It goca to show that where tho savinga bank ig to bo found thore also 1s comparative comfort, reapoctabllity, aud progreas; where it caunot bosupported thero is crime, pauperism, aud docay. It is, porheps, neodless to point vut some of the moral arguments in favor of tho nyatem. It is @ fact self-evident that whero monoy 1s do- posited for accumulation IT OANNGT BE SQUANDERED in drink and other forma of vico. The savings Denk porforme a miasiouary work aniong thou clasvos which cannot be touched by tho eloquenco or zeal of tho most enrnest reformer. Six per ceut compound interest baa aa attraction to tho {eboring man, unversed in mortgages (save that upon his house which be pays off with hia savings), in speculation, aud atocks. He has uelthor tune, nor ability, nor iaclination to worry ovor tho rige and fall in the valuo of groeubacks, Ha works hia houra, recolvea his wookly pay, moots his bills, and what ia loft bo adda to what ho las before deposited to carn, monoy for him while ho sleeps. Moroovar, overy dollar iuvested In » savings bank gives eaiployment to laboring men, it is uot diflicult to compute it, and thisone principle should be romembored.' Every 91,000 deposited in a savinga bank furnlahes omployment tos Taboring mau fur one year, and thua keops him money. Ono who has not studied tho subject in thie country oan hardly understand 178 IMMENSITY. Asingloinatanco will eorve to illustrate the popularity of they Institutions in tho East. In the Stato of Massachusetts, to which referonce haa alresdy been made, a tax of threo-fourths of 1 por vent on deposits, with axceptious of a very largo clags of deposits, yielda 61,500,000. In 1870 the doposita in the savings banka of thot Stato amountod to $135,000,000, whilo in 1874 i was over $217,000,000, The largest aud moa cousplota bank building in the United States ts & sayings bank near New York City. 3 It is often urged that tho rate of interost—6 per cout—allowed on deposite js below the rusiog tates. It is truo, and there ia'a grand reagon for it. The savings banks take no riaks, bavo to come into sharp compedtion with the commercial banks in tho purchaso of yaluavio soouritios. They are compelled, turthermore, to yep u largo surplus on bund earoing nothings thoir advortiging oxponues aro heavy, aud thoy pay bettor salarica for clerical work, All this setvea to reduce thelr rate of interest. But ia sion of this they return to their depoaitora so#0- jute socurity, No really legitimate eavugs bauks ever fail, Tho Franklin Bank came to guef in the Oloaring-House, with which s sav- ings baok has nothing logitimately todo, The same applies to other banks where the saving? dopartment was meroly an appendage of & com meroial bank. ‘TUR PANIO RKCOND. The conduct of the mauagors of the Chicego savings bauks Iu the panto of 1873 should com- mand for them tha confidence of all depository. One of them juatly compares that pauio to & great battle. ‘Iho contro, at New York, had ivoo way. The right snd left, Boston aud Eniteaetpile, soon followed. The whole live oD the scabonid broke, ‘Tbo panic came to the ttsbury, Cincinnati, New Orleau! Memphis, all gavo way; the flank waa toro on. the ‘ight ax was that’ on the elt —Deiroit, Cleveland, and ‘Toledo, —Chicsg? stood ia the coutre, and here waa the placd tomakesatand. If Chicago broke, the © would have been irretrievalle. The saviog# banks saw it ahead and threw up earth: works, and thelr spade was—their contract with thelr depositors, their powar to suspend. Every depositor makes a contract with the sav inga bavk uot to demand without notice 0 thirty days any amount excecdiug 10 per coud of his depout, of aixty days any amount ¢t- ceeding 20 per cent. ‘Lhe contract sete forth that whlte this notice ia not ordinarily req the right to require Ji:ls given to the bank the parpose of preventing rung. By th banks abode, and were not compalled to slaugh> tor sheiruecurities. When depouitors needed more than 10 per cout, and satisfactorily proved lh they had it. By frm adherence to this etend, though wome of the papera charged dowo io them, they checked the runs on the sevicy! banks, aad Bot jabs wank down, It req nerve, sud they had 1 ‘Ths conditions of saocess in the managemell