Chicago Daily Tribune Newspaper, August 13, 1875, Page 2

THE CHICAGO TRIBUNIS FRIDAY, AUGUST 13, 1875 FINANCIAL. Duncan, Sherman & Co, and their Accommuodation I*aper. Many of their Creditors Pail to Sco Where the Accommodation Comes In. ‘Explanatlons of the Firm Tenfl to .Con- fitse Rather than Enlighten. ‘[noonveniences Lzpetionced by Oreditors of tho Firm in Europe. 'ondition of Affairs in tho London Monoy-Market. DUNOAN, SHERMAN & CO. Special Dispateh to The Chicago Lribune, New Yorg, Aug. 12.—Dancan, Sierman & Co. admit to-day that tho amouut of their accom- modation paper in the hands of bauks la fall 1§1,200,000, Lialt of which .is hold in Now In- i gland. Tho affair looka worse under.the later ox- {planation of tho firm than before. Thoy sy that tho buyers wote left to infor for themaolyves whiether or uot tho dralts woro drawn against .gonsipnmenta of cotlon aud gratn, They fneist that there was no fraudulent ntent. The Evening Poat this afteruoon makes & Isborod apology for them, aa follows : ; Tho statements of tho assignees, which onght 1o ap- ac within (16 next eight days, will how the vréciso amonnt of paper ol ng, and ought fo pivndes tails-in regard 404t Our understanding 1s that tho smount 18_about $1,200,000, anil that more than oto-. " half is held in Now Engiand, tho cradit of tho hinuo: Laving Leen excellent therc, particulsrly in Ruwde o waa isaued in §3,000 uil was alwaya sought for, having ‘Gayn Lefore the failura at 5G33g per .cont, .Tho rato indicated tho credit of tho, accoptor, and mot of the drawer, and whils 3L wha & falr conelision that tho paperof the houss + conducting & large merchindize buiners reproscoiad Inerchiatdise, it does nvi foliw that because lis waa 1ho csas thers was fraudnlent int ni on the part of tho, ‘Assuer of it. 10tho paper boro marka proteuding o 4 ‘merchandise, a4 Was ho oase wnth tho ta in Eugland, sidd was rold an failh in the marks, thon of rourse thero would bo fraud, It hss_ Becn Feported that thess acceptancoa Lo date at’ Boutheris citics, but, a8 we aro fuformod, sll iho paper swas dadod hore, sud was in tho usual-forw, tho buyer who mought 1t Leing at Lberty to inferr tuat 1t was meroliandies’ payer or acvounnudation paper. It Ia proper to say that It 18 no uncommon thing for o beat bankers to irmmo domesiic payer, that it 1 10 exchapge el credit for olber peoplc cash, be- catso they eos some guod way of making o profitablo and legitimato turn which peapla who uave cssh do .mot seo. - For inatance, & banking Louso u Arsi—class ! erodit 1asy, thinking Vo prica of exchaugo very low, dexdro Lo ity e of §20,000 10 330,007, aud in” order at the moment o du it sell s’ paper to got weans for tho tramsaction, We lLuvo kuown such operations Ly the bost houmes, and 1t in constdered a fair ve= of credit; so thst -tha -mero fact tlint the paver did ot reprenont. merchandise {1 by no means cuncluaivo of -bad faiths or frmud, or even izidicative of it. .1 uch use, howsrer, {s made of tho credit of s Houss to,procuto the cardtal v which i: conducts ita business, the cesc, of courso, v very i foreat. A8 to Duncan, Bherman & Co.'s paper, Wit thot fome holdora say that (hey baught it L “been quiotad fo B ing that it represented cottou, who cau Uiy admit ot what & ented bew yond -gho .eredit of the was miot o .takon. inta thelr, caloulailona ; that thuy wero conteat -to buy nuy plece of paper wliich bure the name of * Duncan, Sherman & Co,, 80 Ligh did thoy liold the crodit of the firm, *In fact, wo kuow that paper-buy- ern 164t oxdors with noto-brokers to supply thom with “Tiuncan; Blerman & Co,'s payier whenover it wau to by +bad. - Unthl tho mmsignee’s siotement. sppears, which, i1 . properly made, witl sbow fully tho sdairs of .tho Lonse, thiey aro at least onkitled to tho buneft of evary doubt, Thelr, real oslate transfers, unfortunstely, Liave preparod (ho. public for belleving much that thoy ‘would not for a montent bave believed before, A proliminary stalement by Duncan, 8herman & 2’0. .puta_their deficiency at 22,112,740 ‘Among ‘tho ,lisbiitics aro $1,313,691 of bills whichh are upeccured. Tho amount due homa depositors s $2,512,130 ; foreigucorrespoudeuts, 032,119, of which $137,732 basfbeen socured by tha recent resl cutato transfors. Tho lettors of -credit aud circular notes oot up $237,970. Nothiyg of tho cbaracter of tho aseots is mdi- cated excopt that In the formof real oatats to thu.simount of &G45,000. Tho valuo of this is lasgoly overestimated. 14’8 the Associated Presa} ‘New Yong, Aug, 12.—tho announsoment is mado that the lottersof crodit for which the father of Mr, Duucan had become responeible amount only to sbous'€30,000, A correspondent writiug from_Pariu, enys: *Not & balf-hour passes that T do not Learol cases of distress srisicg from this failuro, Probably the majority of the losots are porsons to whow the eveut wiil bo a real hardship, ss they bave no roserve fund wpon which to rely. A widow, who oameto Luropo a few months sgo, to restde horo and educato . ber children, deposited all her monoy with Duncan, Shorman & Co., and took their lotters of crodit, Sho-bas nob $10 iu hor pos- ssesion, snd thore aro ront and school bills due, IHer oxcitement aud alarm are so great that her frionds apprebond fusanity, Thoro sre many toachers, studenis, and otbers in ex- sctly tho same condition, and they aro not only in Paris, but all over the Conlinent. At loast four Amoricans, who hoard of the fuilure beforo the nows renched the Itothechilds® ngouey, 80 curea tholr monoy, aud have retied from Payis to.avoud trouble, © Ono of tho four was visited by tno Cashier of the sgoncy, who demandod ro- turn of the wonoy, which was rofused. A po- licoman suhsurimntly escortod the gontlemen to tho Amorican Ewbossy, whuro binistor Wash- burpo told the Cashier Lo conld not make nn arrest, ‘You can oaly seizo hin baggago, and [ advise you not to do that.' Tho Caatier con- claded hio would wait, avologized, and doparted.” In regard to tho lotters of credit, for which Alexsnder Duncan had becowno responsible, ro- ported in & morning jourval to be but $130,000, 1t aaa sad taat tho aggrogato indgbtedaess of the Lrm would reach sbout §300,000, for which wémder Dauncan bad depositud about $:200,~ THE SITUATION IN LONDON, ‘New Yonx, Aug. 12.—Tho Evening Telegram's epecial from Lendou, duted $:99 thus afternoon, says: * Generally spoaking, the markot to-day dsmuch brigiter than jt has Leou durlog the ook, Thatendency toa dectino in values, and itho :flatnoss thut aroso from fallures aud rumota of failures, have passed away. Tho 'snnouncomeut of ‘tho suspousion of “Thowpeon, iu the iron trade, had ouly a tempo- rary effoct. Cousols are quatod at 9417, an ad- vanoo of 1, and this is rognrded as an indice- tion of jucreascd streogth snd much activity, Yuodall in: Peunsylvania Bailrosd securities con- tinucs. ‘e quoting prico to-day for Venusyl- waniay is 45} ex-div, n declive of 3¢ siuco yostorday, snd 13( siuco Tueaday. ‘The contiou- suco of disquieting rumors in Ponnsylvsuia Hai rond alfairs toud to this movement, Philadel- phun & loading, whick ycsterdsy 1ell 3 per cont, w-dny advancetl g, aud s now quiet w50, I'lhiuro hes boou a sligut advauce i United States b-2n of 1 per cent. With this exception (Lo wmarket In Goyerumont securitios contituey firm, MOODY AND SANKEY, A Specinl Intorview with NMr, Snnkoy, 4 gho Sweet Bingor of Ohicagos?! New Yurk Herald, 1 started out yesterday to seck Mr. Bankoy, Laving leamned thst his coworker, Mr. Moody, Lad flud from London to a country seat in'Walos, whare bis famo bad not proceded him. Thero was noond of aunoying obetacles eucountered in my sesrch forthe addrows of tho *'Hweot Binger of Oblesgo,” aud it waa not until I Lad mflm ouo ot the greatess of preaghers | k that 1 tioally succeoded In obtalning the namo of ke loaality fu whicl mny man was to be found, Atter » day's delsy eucountored in many di- roctions I learned where Misy Baukey was rosid- ivg, epd paturally ressotied thac slio might be sbls to give me tho address Lsought, Culhng upon ber, sud putting oo a very ** saukey-mont- qus air,” T Jesrned that the sccond David would relamn’ from Bwitzorland this mor, Xu&( aud Tuighit bo found st Kenyon Houss, Bedford Htoad, Claphaw, atout 40 o'clock. A PLEASANT ACQUAINTANCE, Tue hour founud me at Keuyon House, aud, at- ter plylug the heavy Lron-knooker vighi luntily, I was adintted to a oharmivg drawing-room, which looked out upon & garden of floweri plauts aud gravelowalks. 1 bad mot long to wait, for s lazge, brosd-chested man of sbout 45 entorod (he yoou, and X ross to grect tha cham- pion * .nTw' of Cbristendom. Mr, Sankey has a face full of good nature aud » mouth bemmivg with smiles, Loog brown whiskers ond s heavy wustache do much o ob- eoure A bealthy complexion, snd bLis eyes ssow 10 be always singing the Lywmns of the modorn Reformation, 1f bis speech is rathor too slangy for & dovout layman, tl.mu s vothlug fa it but sandor aud couciseness. Tillh DIALOATE, Bankoy, aud sm snx- in my good worl fona to know mors abont yon aud yonr work in Evgland,” I began. ** Will you enflighten mo ?' You are au Amorican, I soo it. I sm drawn towards you, my doar young man, bo- caueo you are from my own land,” lie exclaimed, {mpulalvely. *No Lo seated. Iam ginl tosee you, TI " is an air of tho Western homi- *pliore abuat you, Well, T ahall roon bo on my way back. Wo mail from Liverpool in the steam- ship 8pain on Aug, 8t “Oh, I'm gotng home, 1 gotng bome.” IAPIY HOURA TN SWITZERTAND, 501 Lad heard, and that is why 1 hastened to sos yoa,” I felt inapired to interrufit. **You Liavo beon on tho Continent " *' Yes, you como fn the pick of time, I havo only just returnod from Switzerland, Giaml osperionce for mo thera! tiven there tha Lorl las bloased.aur work. Amoug tho hute st loya tho pessanta and the burgesses alilo chant onr bywuns sod stammor onr namos. I thuught thoro to escape tho buwry and buatlo of the world; but T waa wmistaken, entirely mistakeu, For you aeo, no rooncr had I reactied my hotel in Borso than s crowd sssemblad in tho | window aud bowed ms & Euglaud's | strect and bogan nping under my window tho hymns which wo have chanted oll avor thio Diritish lylve, Tho dear music wau like nitro-glycora in wy soul, aud od to the e F g sot me all aglow with Chu o, Ahis orowd ‘ot |\ml||m,‘tgnumm| Juoplo, ot 1n the darknows, —fur the nicht had fallon,—sang in thoir own Toupuo and chearod mo Ao’ loudly that I secured an interpreter and enoke a faw words of plain, simple Lhriettanity to them,™ BONUR IN MANY KEYVR, Your rongs liave gono all over Kurape, have they uot 2" 1 aakod, to koop the ball rollivg. *“Thoy have beon Lranslated futo Frenoh, Gore . Gaelic, and Bwedish, Whoro the transia. tions will stop I do not kuow, I ahould hike to 00 $ho pure and beantiful lenthen of tha Lal nibal Ialanda ohantiug our hymna of peaco | i il i I (oG Mgt nothingda_impossiblo with tho Almighty. O, woulde's that be beautiful, my soung sinoer friend 2" TOME TOR ALL THINGR, It cortainly would bo quite uuique,” I found tho graco ta sav. “ Hut, T almost forgot to tell yon, I felt that my time for work was at hand, 1'did not oxvect to Bay o word or to hold & mooting whon I went to Switzorlaod ; but could T rosiat ? Not atall. ‘1 announced that I shnuld hold s meeting at onco—nnnouneed 1 boforo I had washod my faoo or taken off my hat. And tho word went out broadcast over nll that ¢ity. A largo church was placed st wy disposal, aud was filled before 1 gos toit. Agnin I kecured an iumrrmtor, and 6pokoe to the multitudo, *nat as ono having au- thority,” but as & meck and humbla eervant of tho Mastor whom L sorve, Within five hours of my nrrival in Switzorland as a havon of rost 1 found myself working ss hard as I hinvo any day in the past two yoars in the Lord's vinoyard, 1 betd anothior meeting during my stay, and it way 08 largely attended as tho provious one. And, too, on my way back among tho glaciors and slong tho roads, I bemd tho hymns of praiso which wo bavo sung into tho hearts and sonls of our Buglish brethren.” A MOODY RETROSPECT. ;“Ilmv and whore did you go to work?" I o Wo began at York. Wo bad only one vyague ides at starting and that was to go northward, ‘o utmost of our hopes was to spend three uinths fo Northern England aud Hcotlaud prosching, and thoa to return to Ameriea. Wo Liviran a8 two strango men in a straogo land, and i two weeks wo found the poople cool. None 0wy and nobody bad any confidonce i us. ‘Hn could not do mighty things i that place becanso of unbolief,! o4 was said long mgo. But wo proachod and sung, nud *blessings followed the preaching Thow we wont to Bundorlaud, thion to Nowcastle, Carlisle, Edinburg, Ginsgow, Dandee, Aberdeen, Invernchs, and through s largo hunbor of towas, tiHl wo reactied John o'Groat's. ‘Lhon wa retwned to Greonook, sailod to Iiolfast, thonco to Londonderzy and ou to Dublin, Thou the Lord sent us back to England—to Manchester, ‘to Sbeitiold, to Birmingbam, to Liverpool, to Londou! You, doubtless, know tho rest.” HOW THE KACHINE WAS RUN. **Whero were your services hold during this Journoy, 1 Lallaor in the open air? ¥ “ From thoe bogioniug we had admission to most of the dissentiug chapols. As tho work progrosaed thoso became tou small, aud tho peo- plo (n Hcotlaud demandad the uso of tho largo odificos of the established cliurchea, 1n Dublin, however, wo wero teudered tho groat Exhibition Paluce, aud bad su audience of 20,000 peoolo, Upon our return to Luglsnd tho established churches wora fusufticiont for the multitudes that came, to that wo had to tako tho largest lalis. In London oven tho Lialls woro too small, and ws had to put up a building capulle of Loldiug 8,000 to 16,600 porsony.” OX THY FENCE, “TIlow did the Church of England receive you?" Iinquirad. *+1t recsived us very coldly at first, Tho Arch- bisbop of Onuterbury was afrald of the kuock- iug down of old idsas. Wo did not come horeto kuock down, but to build up. ‘Lho worthy Arch- Diskiop was afraud of any gospel that did uot come to him i a surplice, aud from tho usual _pulpit. Ho bas briod to keop on both widus, or, rathor, to walx tho fonve. Tho troublo has beon with tho Iutablished Ouureh thot it bas not commended itseif to tho young men of the paiion who have tho brain powor to mako them ussful to tho Lord in whatever walk of hfo they may bo placed. DBut, I oan you," Nr. Sankey exclaimed with flwnho cnorgy, "tho red-bot enthusinsm of Moody han wet “the young mon of Englaud on fire, Tho wark hos been driven into tho home, into the fireside ; and if we bave socownplishod votbing more thau this we go back to Amoica contont snd happy. But [ hope that we bhavo scoumplisued wuch more thaa thiu, PINOMBEGK JEWKLEY, * * How to you take o rough diamond of a roul and vonvert it into a firat-waterfgemn 1u oluw sot- ting 2" 1 asked, in an off-hand monner. “*That s Mr. Moody's branct of the work 8o far saitis human; but that s whore von, in commoy with il sinuers, mako tho fatal mis- tako, Tho work is not ours, but of the Lord." ** AN OPINION A8 18 oNx™ # Yon uro opposcd, then, to bemng nnderatond o ‘\leudom of a patent-medicine religion 2" s L, * Wao certainly are. Bomo peoplo who ara bumming aronnd thomaelvos Lave the tmpros- sion that we are makiug mouey out of this work, Otbiers suink that wo sre not in esrnest, and that Mr. Moody's prenching is tho rauting of u man who seeks mere notorioty. Dat such persons are wroug fu every particular, Mr, Moody is a man fitted for tho foadersbip in & great work of this kind, Aud If lus preaching woro of a common- place ctar—if ho ffatled to intorest—Is it probablo that men like the Lord Chancellor, Earl of Sbafteabury, Earl of Cavap, aud Lord Radstock wonld have atlended his prosching rogulntly ? They can distinguish botwecn thu f'uuiu artiols of religion and mere claptrap, I magive, Thoy know what sensationalivm isj tloy know how to distinguivh 1t from auiding {faith iu good works. Thoy appreciute earnest- uess, ‘Their commendation 1y & testimonial worth having, ‘Thoy did not go to the Haymar- kot 'Ehontro to hoar Ar. Moody in tho same wpirit as they would have gone to mes Darnum’s "Whll- Tu it *, or auy other exhibition of curioni- tiea, They apprecisted the rare good seuse and judgmont of bir. Moody." *“GIVE UB A REST." *“What {8 your prograinime upon your return to Amerien 1 inguited, * Our first bodily wish is for rost. Mr, Moody elinll go hiomo to s miother in Marsschuvetts, wud Latinil ratire for & fow weeks to my old howo in Fennsylvania.” . “Aler which you will renow your work in your own country ** Wo Liope to bo used by the Tiord among onr own peopls. Already we have requests to visit the lieatbion lu Ciuctunat, Hochester, Ssn Fraus civco, and Clicago, Wo expect and hopo to go to all the largur cltiew, —prenchiug, singing, ox. ‘borting, praying, Nuthing can discoursgo u, 80 lonyg 84 wa feel that the Lord and His graca is with us, Mr. Moudy is passing e fow days with Mr, James Dalfour, of Liverpool, In his country seat in Wales. Our Iast mecting in %lnnd will bo held in Liverpool Aug. 3, Tho nglish preas Liss boeu exceedingly fair with ug, shut fsall wo want. Woure opon Lo oniti- cism, of course, and we expect it EMINISCLNCE, an AR 5 1 rose, thanked Mr. Bankey fur tho trouble he bad taki: «ud wes sbouc to opon tho dour whon 1 .card & vojco—the *gosling-toued ™ melody ot o street urchin—singing. Wa stop- ped to listen, each with the sumo idea ln bis wind—nawoly, that even the boys of Clapham liad learnod the emotioual hlem of tho uew crusado. Clesr and nasal, slternntuly, as the low or tho Ligh notes were rveachiod, caws tha cadeuce of thit sweat youug singor's voico. We listouod with conflicting “omotions wlile he waug: 1In silence I spproachied tbo duor, Mr. Bankey bowaed e ont, 1 was too full for ukorause A storm on Wodnesday £ tho Orange Vailoy, N. J., tid €75,000 word of Asmago 5o Yalloy CANE GAUGHT Arrest of n Man Charged with Iour Murders. Ho Is Wanted at St, Louis for -Cutting a Man's Hoad Of. Circamstances of Mis Arrest at the Hlock-Yards. MoOloskey's Statements to the Offiers. What tho Prisoner Has to Say for -Himself, An important arrost of a person secansed of comimitting no lesa than four horriblo murdors, has been mado at the Union Block-Yards, and tho prisoner {8 now coufined In & eell at tho Ceutral I'olico Station in this city, 'Tho deten- tionis nt tho iustacco of persons who clnim to Linve {dentilled tho alleged murderer, and lio is wanted in Bt. Louis by tho Chief of Polico for one of the crimes, that of literally chopping the head off a laborer named Duseoll, two years ago, with s spado. The usmo of tho prisoner, aa dosignated by his accusery, 1s Barnoy Oane, but he assorts that it is Wiliism Howard. Ilois a man of rough ox- torior, h7 yoars old, and bears tho scars aud ap- pearanca of ona who has lod & rough lite, Mis inontitication na tho guilty party Is positive, aud tho character and reputation of tho complain- auts is such that full reliance haa been placed in Shem by tha nathorities at tho Brock-Yards and in tho city, 1IN ADDITION TO THE RUSSELL MUNDER, Cane is charged with tho killing of hiu first wifo in Orangs County, N, Y., #omo yonrs ago; tho murder of aman in Kensas; and of having o hond in the tragic death of one or moro of the persons eo bratally murdered in Willinmeon Connty, in tho soutbern part of this Blate, Ir the record ngainet hiw, based on tho opinions of individnals azd expressions unguardediy dropped by tho prironer,ls truo, thon indeed ho 1u a tor- riblo Luman butcher, sud It s well ho i8 in tho toils of tho oficers of tho law, The itnerant bhabits of (he man and Lis own confoexions rararding his hfa aro full of fearful euspicion, and stamp hin asa dungerous and desperato man, Cano is & man fuilly 6 fect in helght, with n smuooth face and cunniug groy oyos, and & vuico which denotes tho American-born man, and is clenr and wteady. iy dresa indicates tho *tramp," and congists of clothies of coarso ma- texiala, uIS ARDEST was mwvlo by Fergt. DPatnek aud Doteetivo John . Casey, of tho Union Stock-Yards polico force, and was accomplished 1 tho following manner : About 9 o'clock Inst Sanday night, Detectivo Casoy mot s young man of good address named James MeClusky, who voluntarily informel hiw, on learning that ho was an ofiicor, that ho was suro ho had seon the man who munlored Rusavl! at St, Lonig two years ago, in Lindell Park, while working with him. Cascy st first took tho mattor with several grains of allowanco, an expericnes of cight years ou tho city forco tonching bim to regard such statements with care. Butthe young man was so positive, and seemed #o devirous of relioving hin mind of some burden, that tho nificer histened attontivoly to him, nfter first taking his nwmo in n note- book, aud rocoiving from him assurances that ho wag in esrnest, and Lad no deairo to do avy ono barm. 1o wus a stranger there, ho eeid, and wan engaged in shipping live stock for Me- Cartby & Co.. of 8t. Louis. Tho dotective took Lt to tho police station in tho Town-Hall, near tho Transit Ilouso, and brought him iuto tho prescuco of Sergt, Grady, After looking abont a:uil 2 o'clock tho next ‘mormng, it was docided at TIE BEARCH FOR TIE ALUEOED MURDERIT should Lo rouewed at anylht on Monday, and, iu order to keop tho mtormaut to bis word, Lo waa placed in Casoy's care snd by blm given o cot to sloep on in tho station, Casoy took cara to remain by him, and, there bewng no lock on tho door, shoved the bed againstit. But thero wai no need of the precautions o woll taken, and at daybronk tho othcer and informnut aroso, and began to look about tho wireots, ea- Tvons, and bonrding-houees. Aftor two or threo hours spent in this way fruitlessly, Casoy Legan to thiuk thatif the murdorer had boon thuro ho had eapied McClusky sud qulotly siolen away. The young man wad in eharge of o drove of cattle, which wveceswitated his attention and departurs ot $ o'clock that moruing, and lio 501n- formed the Sorgoaut and tho dotective. 1o ro- peated s pesursuces that ho was n carnest in tho offort to brine a murderor to justico, and in- foimod them thnt ho kuow thoro was a roward offered for Cana's arress, and desired {o sharo it with the ollicors in the evont of their waking the captare on his information, ‘I'he otticors gave him to underatand, with sorme mingivings 83 to the correctnoss of his etato- mouts regarding the identity of the murderer, that they would give bim & fair proportion of any rewsrd reoeived. Grady DESCIIFTION. McClusky then loft tho following memoran- duw with Casoy 3 Barney Cane, wanted in 8t, Louls for tho murder of Tussell, T Lindell Park two yoars ayo. Helghs, 5 fect B35 inclien ; welght, 180 pounds, Has smooth’ face; culuplexion falr, eyen gray und full § has scar on left wiu of tha nuse, Wesrs black sack coat aud slouch Lat, and says ho ds frumn Toxas, and goos by tho uaue of Sandern. Lis b coarao voice whish spusking. Tuo youny man aléo informed tho ofiicers that Cano lxd sctually cut Ruswell's head off with n spade without sorious cause, sud tho murdered wun bad left o family couisung of a wifo aud tive children who were an dostitulo circumstunces, After committing tho crim. Cane led, aud bad 1ot boow soew until Ssturdny lust, MeClusky wout to Pluladolphia, aod tho Sor- geaut und tho detective ronowed the soarch it wediately afterward for Cane, Thoy scauned every fucoaud Luwau figure about tho catils ards aud around the nuuisious stores and ua- lovns ou Talsted stroot, aud, when about to g up the soarch iu despair, Casey saw a man sit- ting in {rout of a beor saloon opposita the Tran« sit [Tousa whom bo noticed at ouco s & purson ANBWELING TUE DESCRIFTION Toft by McCluskoy iu every partivular oxcept as to height. Iu called Grady to Lim, and tho lat- tor also quickly saw that the man was tho ono wanted. ‘floy had been warned that Cane was s deaporate man, and would not Lositate o take an advantago to kil any ono who futotferod with Lim or Lis worty, Accordingly, theyapproached bim wivh caution, determined to' |reveut sn escapo at Al hazards ono wore attomptod. Cusoy went up to the map, and, tapping lum on tho shouldor, weid: “Youa aro my prisonor.” The nccused looked etrangely at bimn out of hia cuuulugfl Keay Oyos, aud suid, in a clewr, loud voico, ** \What am [ ar- rosted for 2" Not desiring to procipitato matters, Cusey ro- plied, * You uro charged with stesling hog out of the pens at tha Yardu." The prisoner auswercd, “Iam not guilty of avy such churge.” Casoy touk hold of him, and Le qulotly arose aud wont over to the station-louse,” ‘Lhis was 100 o'clock Tucsdsy morning, When booked by Ofiicor Mosher ho fiu‘e the namo of Wiltian 1{oward. Ousvy asked Lim Low long Lo hisd been thoro, and ho'sald ho was B strauger, aud h;u beon tu the city sud ot the Yards abuug » woek. Belog fully confidont that ho waa tha man re- quired at Bt. Louts, the borgeaut locked b up, aud leaving orderd Jthat 1o one should see him, wenl Lo tho telegrapl oflico and seut o dispaten to Clief Uarngan, ot 8t Louis, asking Lim it bo wanted Daruoy Cuno, At 1l c'clock un an- wwor camo that thioy bud 1o kuowledgo of such u cuse fu 5t. Louls as thal mentionod, ILESTIFYING THE PLISONER, “Then tho ofticers tuought thoy had baen taken 1n, but were loth to gno up tho prisouer uniil furthier offort Lud boen made. Casoy went over tothy Yards, sud afier & close inquivy anong the drovers lesrucd that Mr. McCarty, & cattly dualer, was {n town, sud that Le know Cano. Hu found the drover at tho bauk, aud sfter rocciv- fug from him the information that Lo was reputable and good citizon of Ht. Louls, sud bad Luown Cane, was broughe down to the Wgtlon to look at tho cap- targd waw Undor pretext of going in to fuquirs tur 8 friend, bo vas admisted'to tho cell contuining the yiloged wurdorer, aud, on coming unmy, Iu[urmul e oMcors that the prisoncr was Barney Caue, tho murderor of Hussel), and that Ly identificd lum e goon as hio aaw him, Aguis satiatiod that thoy had the right man, the otticers cum ibto tLocity Lo consuly Deputy- Superiatendent Hickey, whoi thoy behoved to by oscellont authorily 1 uch cused, Atier re- ceiving womo duectiony in ths mattor, they went Luck to their headquurtens and found aucther LISPATCU FBOM TUE BT, LOUIS CLIRY OF LOLICK w o arrest wnd bold Bamnoy Cune; thaut Iy wan wanted for tho wurder of M- acll fu that ceny, This was endeucs thut tha Bt. Lonis officers Lindl not con- snlted thelr records when thoy nont tho first dinpateh, Unano, when_ arrested, dentod tha had evor beon I 8t, Louis, but youtarday that ho Lisd baen thore i 1878, nmi waa they the Jdoxdar or Captaia of & company of Kunow-Noth- inga. Horgt, Grady askod him If ho ind ovor lived in Orango Connty, Now York St nd ho rephed that he had., Uraly thon said,t* Didn't your fi thore 2" and the prifonor an~ swered * Yo, Chis waa followed-by : HBIDN'T YOU MurbER 1ten 2" T to which tho accused repliod, * By God, you're gotting mo down protty fit Word was_sout tu Deputy Buporintendent Hickoy that Cane waa wanted in Ht, T,onis, and tho prironer was brought Lo this city by Deteot- iva Dennis Bimmous aud ONicors Grady and Caser, 3 A Tutnvse roportor hold a briof conversation with him, durivg which ho #aid ho did not know wiat hie was arrested for: that somo ono hind told_somothing abont blm. Ho bad buon o Union poldier during the War in tho Hecond Kentucky Volunteer Infantry, ho said. and had eorved aa an orderly for (ion. Rosecrans. o nlio stated that ho was from Handnshy County, Ohlo, whero bo had three grown-up daughtera living. In answer to inquiries ns o Lis ocenpation, ho roplied that ho worked at 30T ANYTIUN JIF, COULD GET, bt had not beon o hve-ntock horder or droyor, 1t appears thiat 1o had been emplovod a fow days in Palmer & I‘ullor’s planing-mill, on Uwenty- second siroct, and, when arreetod, had boon at thio Stock-Yarda buta few days, Ho haaa long #car on tho loft eido of his nuee, a8 notad {n tho description givon by MeClosky, and in fact boars ont tho memorandum now m Casoy's kands, Ho uiates hisngo st 67 years, His bair in dark gray, and liy wholo appearanco betokens tho wan who has ronyhed it & great deal. Capt. Hickey telegrapbed last ovening to St. Lanis that tho prironer, Darnoy Unne, was here, and thoy coutd havoe him on seuding for him. An ofticer 18-oxpeoted Lo arrive hero this morn- ing, and tako him bnck m the evening. TITE OFFICERY AWK PORITIVE ho is alao tho man who is wanted for & murder of aman, committed fomo timo yonrs ago 1n Kansas, nud for killiog bis firat wife in Orange County, N. Y. Tho particnlara of those Intor crites e not at hand, and nothing conceruing them can bo learned until word is eout to the proper authonitien, or the Information reashcs then through Tux Tntaone. The prisoner {n closely watched ot the ContralZStation, and no communication ia sllowed with hun thore. AR TN "THII CROPS. THE LOWER MISSISSIPPI, Mexrenis, Aug. 1L.—During tho twonty-four houra ending at 6 o'clock this ovoning, tho rivor Lias rison only ono-third of au loch, and only shows 33 foet 10 juchos flush on the gaugo, which is & tritlo above the sprivg rise, aud 2 inches below tho dangor lina, Additional news from below in reforonco to tho crevasaos at Burke's Placo, In tho lower eud of Coboma County, Mise., states that thero is gap of 12 miles botween the loveo districts of Cohoma and Bolivar Countics, and at tho lowest point, which is Burke's, n private levoo has boou coustructed, which broke on last Friday nigiit, gince whon the water las been pouring throngh tho crovaese and thence {nto 1Tushpuckany and Bunflower. About 3,000 acres of cotton and corn havo already been deetroyed in that vicinity. At Clicot City thov report the railrond fuandated at Four nud Eight Milo Posts, and that most of the Iands botwoen thero and Red Fork, on the Arkausas liver, are suomorgod. Planters are roticeut in regard to their lossen, and stosmboat men nro not inclined to array tho planters azainst them by piving informntion coucerning tha damage, except iu gonoral terms, NEGRASKA. Oxtana, Nob., Aug. 12.~Tho /erall's epeocials from nincteen of tho heavicst grain-growing counties of this SBtato givo most eucouraging re- ports. Thoe grasshoppers have ‘entircly disap. posred ju most places. At Chapman, Nab., thoy sottled down yestorday and the night be- fore ju vast numbors, aud have hurt the corn badly, ‘Lhe damage to corn in Dawson County will bo less than ono-tenth. Bmalt grain throughout the State ia nearly all harveated in good condition. Many farmors are working day and night to securo their crops. Tho weather is very plessant.—thormometor not ovor 76 de- grecs at the Lottest, ILLINOIS. Special Dispatch to The Chicaan Tribune. Cmaapatoy, 1L, Ang. 12.—New wheat has made its appearanco, but ia so much damaged that millors regard it ns altogothor worthloss. Tho ryo is no beitor. Tho oata so far shreshed are damp aud atalved, and promineotgrain deal- ora regard them as whollyunmarkatable, Great offorts aro put forth Lo cut tho oats, aud mors than half in thin cuunly will bo saved if tho ground dries, but in wrotched condition, Brectat Disnateh (o T Chionso Trivuns, McUnenon, Ia., Ang. 12.—liarvesting in Clay- ton and adjolning countios will bo Dmshod tho prescot weok, ‘The weather during tho entire hatvest bas beon favorable, ‘Tho grain is putnp in fine condition, nol as mnch demaged by bngs an firag auticipated. Thocorn crop is backward ou sccount of cuntinual cold weather. W/ISCONSIN Manisoy, Wis, Aug, 12.—Thore bave been showery horo and horeabouts $0-day, Interfaring with barvestiog somowhat. Milwaukes Senttnel, Aug, 11, Our orop reporta cover over thirty of tho most important countios in tho Stato, and comoe at o time whea thoy aro to bo sccopted ss records of tho gathered crops. Harveut, 5o far aa it rolates to the most nporisat crops, i4 fairly begun, and in some placos neazly eomploted. No ciroum- siances ara likely to ariso to change tho resuit, oxcopt a8 to cory, and almost nuy chauge must bo fuvorable. I'rom theso reports, wado up from persounl observation and intarviews with loading farmors’ with our correspoudent, it ap- poars that, notwithstanding the dry weather, tho chinch-bug, aud the grasshiopper, the yoar is one of tho most abundant iu the history of tho Stato, The acreago of wheat sown iu \iscousin ia somowlat loss thao that of last yoar, ‘Fle high prico of *feel” durtug the wintor, and tuo comparativoly low price of wheat, induced tho farmors to devoto moro than tho usuni amount of soil to oats, Yot in pito of this, the aggros gato of wlont raisod will Lo greator in quantity wod bettor in quality. In many places, whero frou flvo to twelve bushols of wheat to the acre waA tho rule, this yoar shows from ton to twon- ty-fiva, aud oven thirty. The assertlon csn wafely voutured that the wintor-whoeat crop will bo pearly donblo that of last yosr throughout tho entire Blato. Of spring whoat, the yiold will be somewhal above tho aversge, Many flelds have boon attacked by the clilnoh-bug, but other flelds in tho samo viciuity have cowpousated for tLo Ioss by an unususl growth, Oats, it will bo seen from the reports, will yiold euormous rusulte. Not only Lias a greater noresga beon sown, but tho growth Las been prodigious. It will bs st cxpensive arop to har= vest, having growu so rank as to Jodge badly, DBarlay will parhaps show up loss than wiual, having beou weriously damagod by the bugs. Bt.1',;the differeuco Lotween the crop of this year and laat will not bo romnrkable. Jlay, a4 suothor articlo of **fecd,” i & very heavy orop, probably Leavier thau aver wad kuawa in the Btate. Tho dry weathor that has been bad for some othor growihs has been peculiarly favorablo for Lay- making, and the largo tields "have all boen woll secursd, Coru is the moat discouragiug of all tho fluld crops, yet tho prospect is by no uloans xloom{. Ii 48 ovu:{wlmra Jato and baa wulfored greatly for rain, yob with a fow wooks of proper woather will yiold richly, I'otatoos in wauy localities Lava been lujurod by thio hugs aud tho drought, but taking tho Btite a8 & whoulo the crop prowisas to be not only large, but L. menso. 1iax, of which cousiderable lé grown i Racino County, (s alnost an entire failure. The sriuy-wonn coulined its operations 10 this crop and did effectivo bervic “Lhiv vutlook for oranborrles fa not cnccu:p;‘- ing. Iu Groou Luko County cwpacisle iy the marslos are expocted to yiold, at boat, st over one-thiid of & crop. tu Hauk County tho prowpect 18 botter, but furtber north, again, the bug suows active work. Hops Lave been af- flicted with lico to & emall oxtout aud tho svor- age will not be wore thau realized. 1t will be socu by this summmary that tho more important orops are fu splendid condition, sud that the Wisconuwn furmer has every reason to cougratulate himsolt on Lis yoar's work. ool iy A PLEASURE EXCURSION. Special Disvatch to T'he Chtcage Tribune, Oraxp Havew, Mieh., Aug, 12.—Senator T W, Ferry startod yesterdsy morning frowm Grand Huveu, Mich., for the Urand Traverse region aud Muckinaw, oxpecting to remaln eight or ten days. 1lo bus & wpeolal ¢ar, and luvited guests 28 follows ; M DMlucy A. White, Mrs. Ool. Fer- 1y, Mra, Gulen Faslman, the Xev. Henry 1 Roso mud wife, of Grand Haven; T. F. Gilbert and wife, of Milwaukeo; the Rev. and Mrs. Cale lauan, of Hamilton, N. Y. Benator Liso P. Clristiancy will join tho party, POLITICAL. Great Hard-Moncy Mecting at Cleveland, O., Last Night. W. M. Grosvenor, of 8t Lomis, Spenks | an Hour and n Half, How Inflation Wonld Rob Lahor of Ifs Earuings, COonventlons of Oregon Ropublicans and Indopendents, GREAT REPUBLICAN MEETING AT CLEVELAND, Mpecual Diaputoh to I'he Chizato Tribune, CreveLAND, Aug, 12,~Tho campaign was opened liere by tho Ropublicans to-night with groat suce cess, The Hon, Willinm Grosvenor, of Bt. Louis, was tho epoakor, aud, although Le was almost ‘unknown to the messes hore, and no grent effort was made to publiah the announcement of his coming, tho meoting waa very Inrge, ordorly, and esmmest. The pagoda in tho park was beautifully hung with colored lights, aud noveral torch-light companies wera out. Tho trangparancios carried by the crowd bore motloos like thoso: ' Hound Money ;" ** No Itag Baby for Us;” * An Undivided Behool Fund ;" * Ilonest Dolisrs for Workmen," ete., oto. Tho saacosa of the meoling canscs general surpriss oven among Hopublicans. Mr. Gros- venor, spoke for an hour and a balf, The fol- lowing is an abatraot of hia spoech, which was & ealm, logioal reviow of the financial question ; The Government aud tho Nepublican party stand pledgod. by the loginlauion of lavt wlutor, o reach apo- cto p.\{mcm by January, 1879, ¥or that, thanks snd honurl I do not Uik tho ritht voad has yet heon found, hut any rond that will load to spocln paynient is lubbitely preferablo fo any that will siok, I truat that ouo may be choson whichi will fuvolve tha leant dolay and_sucrifice, Bpeaking not for any party, 1 may be allowsd to sugont ihat long dalay wiil {n. volvoa great cortuln loss aud a fearful risk. * If wo ramme the purehasng power of the ourreacy, while its pugimg power, for many thoussud millions of out stauding debta contructed, and lonorably to ba patd in legal tendorm, rematns unchangod and alaslute, wo must faca yeurs of disastrous trade, ~ omsinet slowly falling markete; conutint struggles o check tho full will causo shary finctuativus ; and the sggreguto loss will be very great. Siut separato the eurrency from the vast body of legal teuder indobtedness, which holds it down, aud Ihellevo apoclo-payment ‘can bo reachad much wmare quickly und surely, and with 1ittls loss, Why suay not & 1w, akia in prineiple to the Virginta act of 1798, which was held sound and equitabie In » do- cison Ly Chilef Justice Marabiall, provide for tho sd- {uetment of all legal tender dobis to & gold busis? With auch an act, ft wonld be passiblo to fund tho Tegal tendors prior to 1873, to topeal tho legal tender xct and mako an Lonest scttloment of {ho Tolstions of the Lankn to tho now basis and te bring into gencrnl use, aa the only moaruro of value, the gold wa have aud gold notes redcemablo iu coin, I belleve tha whale buainess of the country could thus Le vory quickly adjusted to a solld basis. *Qur peaple ars fn debt, and need rellef,” wo ore told. Who are onr people? Thora are 1,203,U08 meu, omen, and clldron, eugaged in all galntul occupu: tons i Now England, aud thero ure 1,179,488 do- poritors in eavingy banka alone, There are 1,401,014 persona thus ougaged fu New York, and 63),472 porltors tu savings buiks slono. 1ot tuay toro aro n Natlonal Hanks, the thousauds of privato banks, or theloan and trust companies, no one knows, liut Oblo, Llinos, Missouri and Nebraska iavo doposits averaging abont $30 for each inbabitant; Michigan snd Miunesota sbout §23; Indiaua, Wisconsin aud Kunsaa about $17, and Towa $1s, In thess ton Blatcs and the Territorios, tho number of savinge and private banka is 1,871, orone to 8,200 inhabilants, witla i _tho elevon' Fastern Staton, ft i3 ono to 6,200 Inhabitanis, 1a it not safe o say, that In all tho North- ern Htates & majority of all those who carn money Lave savings or depoeits, and are oreditora? But, morcaver, whether they Liavo depoaits or not, 8,000,000 of people'wlio otrn wagen i this country sru'aiodiivra by about $120,000,000, for about balf of thoir mouthly wages ia at any timo due, About 3,000,000 more owit farme, As a class, they are creditors. Though thoy liave been deprived of much of their just earmings, thoy are frugal, and live more closoly within_ thoir 1eans {han almost sny other clasa, But boside tho farmers and wage-earnors, thera remaln of all iho ‘people who support themolvea or othera loss than one- tenth, chifolly merchants, manufacturers, trausporters, and Lankers, and professional men, Lven of theao, tle grest tuajority owe lcas than thry have owln, them, Out of 350,000 dealers, and 350,000 manufact ing firms, fully’ Ave-slxths are small tradesma arifsuns, or mechanics, whoso operations involve no great risk or indebicdness, who are turifty, pradout, do not hazard the capital of othars, au aud havo owing to them moro than they owe. Who, then, copose * tho dobtor class," of whom wo hear o much? You must look for thom chiofly in clticn, ‘They cultivate curbstones rathor than farms, Their rinks and dobta aro so enormous that, while the averago iudebledness of Arms falling during tho lsst nve Josis outalds a fow largo clios, line' besn barly 15,000 eacli, the averago in New ‘York Clty ross to $143,000 each {u 1673, and has been $37,000 for two yearn past, aud tho average fn Pennsylvania hea boen nearly $75,000, Tf tho solvout firms in New York City and the Stato of Peunsylvanis owo as tnuch sa tho average of thoso faling would indicate, they owo alunt $7,400,000,000, liccards of failures prove that at least’ thieo-fourths of the sntire commereial fudubledness {n in ten large cllies, In which less thau oty thousand largo oporators have borrowed and risked moro than half ke loausble capital saved by millions of workers through years of labor, 1f they usa it prudently for the publia Boud, very welll But why should milifons of Isborers Be rolbed 1 order to enrirh » fow thousand great bor: rowers? Democracy onca ballaved In * the groatost §00d {o tho greatest number.” What sort of Dowouras cv, not to say of policy or Justioe, I it to take half theic savings from millions of farmérs, laborers, srii- sans, mechanion, and thrifey tradssiuon in order 1o ro- Heve this ¢ dobtor clasy?7 Tutiation, you percaive, 8 enormous robbery bo- cauag & legul-teudor nots 1a & certizioata {o & ahare of whateyer purchaslug and paying power labor hes enrnol and saved. You cannotadd to Wi wheat In your clevator by {saulng mora certificates. Tust only Tobs somebody, Tho legal fender has no valus In_itasif, snd moerely cunvoys titlo ta & valus somo- whare else, - You canuiot doubl the number of farms 1n Ohio Ly leauing 20),000 more titlo-deeds, But you increass the unoxpended purchasing power ifaclt when you {ucrease tho caln In tie country, For eoln is part of thoso products of Isbor which we havo earuod and savod, 14 has coat tho labor of searching, mining, traneporting, smelting, and that whicl aquipy, feeds, or supporta those thus employed, No otber product ves labur of 80 many kinds, tho rudest and cheapost, and the moat skilled, scientific, and costly, and 13 at the sawo tmo ko universally demandod. It 1s, therofore, the Lest sttainoblo messure of tho value of all labor and it pro- duots, Tl world 20 aocepis it, and the demand for it 15 au univoraal aa tho demand for labor itself, Dub it ‘moaaures value only becauso it has valua, It menauros purchasing power Lonaatly, only because it 18 an un- oxpeuded product of labor. Tho doliar enys, * I 25 8.10 dralne of gold, 010 fine, sud the holder Lus rendercd gervico of that value'to soclety, for which hos! un cquivalont value on demind fn labor or any product thereof,” But of this function cur- rency fa ot rolatively but abeolutely inoapable. In order to measuro value, the tool of exchange munt Liave value. ‘Tlat which has no walght cannot measuro weight, 'That which has no laugih cennot wessure Tenytl. 8o that which coats no Jabor can mo more 1measuro valus than a pint cup can mexsura milea, it men Fay “wo pros, during the War, be- canwa we tind mora curroucy,” The fact iy, that, while purchases of Government and deprociation of currency forcad up pricos, ayerybody fmaginod ho was gatting rich, but tha peupleas a whola wero getling poor, Fluctuations were rapld. Gamldars wur bappy, Gur: rency varied, nat with ita quantity, but witn faith in tho puccens of the nation, 1o 1863, Pesca Domocracy mada it worth only 64 cents, bat Vicknburg sud Gottys- burg lifted 11 £0 60, Tu 1804, {hio rld behiud Waahing- tun depressed it 10 88X, but’ Bheriden in tho valley ralved 11 10 63, In Noveinber, dishsartenmnent dropped . In April it roso to 10, with the surrender of Los, During four years Goverumont azpoudod, main- ly in purchases of food, clothing, and munitions, $3,- 310,000,000, o $870,000,000 yearly more than it' taok from the ¥ taxalion, Prices went up awittly, closed, snd Lhoy slowly raceded, $ho they were reully poor, ‘Clheu Leacs nocrats began to whisper # Ropudiate.” Curroucy u0 longor suttives for our nuceds, we are told, bocatise busiueds hax fncrossed so larsly, Do un need forty bushel-baskety o teasure 40 bushels 7 Jiuitipiicaticn of fho messure of paying powsr s waste s woll aa robbery, But the queation Las been scttlod by trial, Por mionthe the country hias had op- portunity to usy sil the surruncy it wanted, in- stoad of taking mors, Las surronderod nearly eighteen willions in wolsst Jonuary, Over thirty millious was Deld as rescrvo ngatust circulation, More (han year ago we “ unluckud the vaults Ly faw, tolot it llow it but bebold, still moro tlows inta the banks, and thiey now Luld, Bok £I0,00,000, but 545,000,000 buyond thoreacrve sequirsl.’ Heven monils' ago the fres Duuking sct gave *ilio wants of trade * full froud tu talio mory woney, 84 much &s they pleased, wbor Uy pleased, bBut belold! at tho cud of ‘July ouly $9,030,116 Lisd bieon taken out by tho banks, wille $:7,%9,001 biad been surreudered by the baks, Tho walitu 0f trwde thrust ourrency back Wnto tho Treasnry Dy millious, broauss 1t s not wanted and cannot L used, ‘The’ latost dotalled statemont by tho Comps troller shiows the smount of circulation fssusd to now banks, sud murroudered by tie bLanks, to July 1, Néarly sovu-cigutba of al o clreulition fusiidd was 1 the East, All the Wostorn Htates, though free to take une huudred millions osch, bad thoy Dloased, 100K only & Irifls of 366,700, and sll the Houtt- ern Biates ouly 67,50, That, we shall be told, ooly proven thicls poverty, “Tho Waat, which was oppressed and slarved Lecauan “ 1t bad & bauk eirculation of eoly £5.5 er calits,” was tao poor eltber o taka, or, OF courae, to wurrcuder uny, Will it bo bellaved, 2 the {loors of tho Treasary wero_ opaued, these peo- vl of the “e-ll"r\:,:hu:mll n;,‘n‘)lnl;z m-:.o}nnl;lm:; cinpty monoy by the ¥agou load—16 cout may, womau, sud child west of tho anios | Whut duca this ean 7 Hor was the West utterly prosiret. ed, we wure told, for Luck of ¥ moro wiuey sud Con- rian had pity and gave ft lsavo to bake ull it wanted, Tout tho tei Weatern Statw and the Turritories taky out §X6,700, audi woluntarily surrender $11,08%,005 or more than sue-elghih of thair antire circalation Wit 1madnuss, when Lho wants of trade wero in thiv awful condition inerely for lack of wiors money, uot ouly to refuse an unlinited offcr, but to Uiruat back e yesuilliona uf the scanty stord | Tho toal desire of this Democrstic faction is not so produciion and mfl. found that mitich for more, aa for poorer aurrenoy, Tho kimd wo lisva dues not' pleata them bocause # is wait's too much, They demand the withdrawal of noles reured Ly dopowdt of 6 por cant bond, and {n placa of thoi Lo fnsue of $i3:,04,000 moro of legal-lendsre, not ke cnred st all, and ta violatlon of & rolemn pledyn, turice ropeated, thiat the smount of auch notes ahould nevor excond $100,000,00, To break (alth, and nenrly dlou- bio tho number of legaktenders, roprenenting the #xme purchising pawer in_the conntry, would reduce theér vaine protably enechalf, Ts wonid rob alt d itors, and ihe miillons whohave aaved earnings and loaned money, for the benont of » few hourandn who have borrowed mont of . 1f thix currency wonld bo an hard ko get, and coet a8 mitch labor, an it dors now, iy o thoso iaut it who bave gunubilcd aud got urye: Iy in detit 7 If not, if they wish to force you to tikn ape that costn ftly dayal labor in payment of Lor- rowel mionoy that cost one hundred daye, what is that ut robbary 7 Wa ran tise only by borrowing or by swing, The morn papor wo dsaua the Joks Europe will triist us, Farther inflation only meann lone saving and moro warts, Any now lanue of papet not based on gold ean anly drag down our cuirrency, mluk lower, and fuctuzta mara, 8l maro it will roli (hosa who Iabur, Pricen would rise equally~dlicy naver do, Tarm products A wages would ‘Inevitably 1ag behiud, Sl mora i the producer tako the riak_while the apeculator pocketn thio prafts, BUIl more ahall wages Rutter liko amoth, whilo fntere<t seorchies ko nateady Hame, Btill ruoro shall gambling taint overy loan aid avery cuntsact, every enmgement to tabnr and avery deposit of tho seed in tho kindly carth, Clieap monoy mueans mbler's paradiv, t mcand (bat those who ean control the money markct plundor others still moro, The big huunes et up tio lttn] stroug ‘roads’ ant milla shall dovour the weak. At ths will of & fow men, stocka and merchants arn cornerad and loua'eallod in, Ouly tho strongest aball hold; the rest shall eell perforen, Trices go down , crops and gooda ahall pav the losea of tho vietims, Chioap monoy moana a robiber's paradino, 1t Dicans thiat wo buy at fancy pricos, imagine that w0 are 1ioh, uud run inio debt, Kivery schbme has “milionn in'§L” Tn faneied woalth and wild_hope, swe givo bonds, * We want_ dollara of to-day, and agrea tn yay dollars fo-morraw, cost what they'way, ~Wo havouo right to grumbie, Dut finaly fho butibles break, as bubbles will, The charmiug days of cheap mouoy Lare every breast In tnrn to the kuite of Shy. lock, * The lander Ianghs s ha foreclomes his morie RGN, and truata that our great Americat fuanciors, tino nivaluabfe friends of the poor man, may give us ane moro trisl of cheap money, 1o 1k (o lend fu flush tirues, with gold at 150, and ta call in his loans in ard tiew, with gold at 110, Tlo prays for tors ‘money, and snothor fool's paradise, OREGON POLITIOS, Bax Fnaxcisco, Cal., Aug, 12.—The platform of the Otegon Indopoudent Htate Convention favors & resumption of pecio payments; & re- poal of the act doubling tho Presidout's salary ; pledgos it nominecs to river aud harbor im- provoments and looks at the Cascadoes, snd leg- islative control of farea and froights ; the reim- ‘burscment to Oregon of tho Modae war oxpenucs by the Gonoral Govornmont, Tho Ttepublicau Btate Convention mot to-day. Its platform declarcs ndhoronce to the Union, and the sovercignty of the Fodoral Govern- mont; approves tho national Administration; favors tho polloy of arbitration betwoen Govern- monts. tho resumption of epecie pnsments, s rovision of tho patout laws, legislative oontrol of carporations, and Governmoot sanction of intornal_improvoments, snd opposes a third term. It nominated for Congresa IHonry War- ner, who waa formerly Iecoivor of the Umtod Btalos Land Ofico at Orogon City. The Inde- poudent nominee fs a saw-tmli man, Bax Franctsvo, Aug. 12.—Whitloy, the nomi- neo for Congross by tho Orogon Indepondens Convontion, declines to run, his aoceptance be- ing conditionsl on his indorsemens by tho Ro- publican Convontion. The Indopondents may mako wuother nomination. WISCONSIN REPUBLICANS, Spacial Diwpatch o The Chiaamo Tribune, Aantson, Wis,, Aug. 12.—Thero was & moot- ing of the Iepubloan candidates on the State ticket, all but one attonding, and of a majonty of tho Stato Contral Committeo, at tho rooma of Chairman Koyes, last evening, to talk over tho plan of tho campaign and make m‘ol!miunry preparations. An activocanvuss will wmade, Most oncouragiog roportsot tha pop- gln;‘leuung woze received (rom all parts of tho tnte, THE NORTH CAROLINA ELECTION, Raveiaw, N, C., Aug. 12.—Tho clection for Jologates to thio Constitutional Convention foots up sixty Democrats, two Indopondent Demo- crats, and fifty-eight Ropublicans. —_— THE POPULATION OF WISCONSIN. Bpeetal Dispateh tn Tha Chicaro 2ribune, Mapisox, Wis,, Aug. 12.—Complete roturna of Btate numeration of population Lavo arrived at tho Secrotary of Btate'a office from all tho coun- ties but Shawana, and the roport from thero added makos a total population of 1,236,579, to 1,054,670 in 1870, The gains aggregate 185,220, from which aro to bo deductod losses 1o Adams, Dane, Door, (rcons, Iowa, Lafavette, and \Waosh- ington Countios, aggregating 5,030, loaving & net galn of 151,000, The largost gaine are in Milwaukeo, Brown, Winuobago, Outagamio, aud Chippewa Countles. ‘Ilo Iargest decrossa s in Groono Connty—1,684. It is belleved tho enu- moration {8 considerably loss than the aotual population in many localltios, MORTUARY. Bpecial Dispaten to Ths Chieago Tribune, Brroir, Wie, Aug. 12.—Tho funeral of Goorga Ho Btocking, Esq. who has been one of our bewt citizons for nearly thirty years, took placo at tho Proabytorian Church this afternoon. His desth ooowrred on Mooday from dysentery. "There is universel sorrow in the community, ud bustness-housoa aro geocrally closed. bir. Stock- Ing was groatly esteomed as o buslness man, a consistent Christisn, snd a genlal friecnd. Ho waa sorving his socond term in the Common Council, of which body Lo was a mont usofnland popoiar membar. The Rev. Dr. Eddy, formerly of Chicago, ofiiciatod at tho funeral. TELEGRAPH LINE SOLD. Spectal Dumateh G0 The Chicaga Tribume. New Youx, Aug. 12.—The avsorption of the Atlaptlc & Paciflo Telograph by the Western Union bas boen detormined on. A Committeo was appointed by each company to-day to coufer- oo tho subjecs, and tho transfer will undonbted- ly bo made within a wook. Mr. Orron claims that tho purchase is a cheap method of socurin lines which tho Weetern Union noeds and woul Liavo to build soou, THE CENTENNIAL. Prruaogcrins, Aug. 12.~-The resident Gor- man Centovnial Commissioner has been official- ly advisod that, in sddition to the appropriation beretofora made, the sum of 500,000 rix marks hay beon granted by tho German Empire to bo expondod for the Gorman Departmeant io the Centeunial. Tho German Govarumeut has alvo made an application for sovaral thonsand addl- sional squase foot of spaco. THE DEAD EX-PRESIDENT. San Fraxcisco, Aug, 12.—In acoordance with orders from the Navy Departmont the fiags aro ¢ half. mast and balf-bour guns are firing all day 8t tho Mare Island Navy Yard lu bonor of the momory of Androw Johnson, 4 WHISKY NEWS. Bpacial Diepateh to T'he CAwago Trivune, Mruwauskx, Wi, Ang. 12.—Collector Bean sold Charles Grau's dlatillery for 5,000 and costs, Willlam I, Lindwarn was the purchaser, aud the price was 85 above the price of tho Gov- ernmont, e i i THE TILTON-EAGLE LIBEL SUIT. Nrzw Yong, Aug. 12.—Noticeof the trial of the 100,000 Bbel suit of Theodors Tilton againat the Brookiyn Eagk sud 'Thomas: Kinsella was entared thivafiernoon in the Lirooklyn City Court for the Soptewber torul. ——————— The Dangurs of Strawborries, M. Garuler, a French physician, gives detalis in ono of the French madical periodicals of a death from eating too many strawburries, 1is roo- ommends persons who ean eat this fruit in its natural condition with impuulty not to eat many at & tune, and i8 of oploon that & certain amount of sugar facllitatoa thelr abaorption. M. Garnior thinks it betisr <o aprinkls the strawberries with » good sud wtrongly aloobolls wine, Debliitated stomaocks should wot veutore on Lordesux wine bt WANNOT, FUI, Or coguas bolng, in Lis opinon, preforablo. Tiia Inat recommendation is uover to oas strawberries alone; they shonld al- wiyu be accompanied by other food. A Serfous Mistuko, A rather sorivus mistako was committed the otber day by Mr. Clarke, the nowly-appolnted sitor of the infant Nixam or soverelgu of Hy- dorabad, 1n Bouthorn Indis, who, feeling thirsty, was eupplisd with water in the silver bowl, Which none but royal lipa may touch, Horeupon thore aross quite @ tumull smong the ladies of tho zousus, Who wero bhorritiod as thiy unbeard- of ‘,mmm(xou. Tho desocrated bowl was forth- with broken up, aud the Hbfl%dul] informed 1] wero shocked not tbiuk 3l fatal 10 his of the cirmunstances. on learning that tbo Reeidoy Clarie's istaks Lsd atall pusesd Highness’ oxaltod rak. RAILROAD NEWS. Judge Tipton Malkes n Declsfon [ u Qilman, Clinton & Spring. field Case, Prospect that the Credit-Mobilier {n ty, Boad Will Yet Consume It, Salo Yesterday, at Nnv; York, of Northern ¥acifle Franchises, GILMAN, CLINTON A SPRINGFIELD, Snectal Disnatch ta The Chicaan Tyibune, Drooxmarox, 11, Aug. 12.~To-day Audgy Tiplon rendored s docision In tho matter of the Gilman, Clinton & Hpringflold Railrond npoy potition of Col. Thomas A. Hcott and Hugl J, Jowols, Trustees of tha road's first-mortgegy boudboldors, who petitionad the Court ty I placed fu possesaion of e rosd. Tho declsioy oonfirme the report of the Maater in Chancery mndo in July, in which tho Master roported thy tho holdara of fuloresl-coupona of tho bungy made o proper dewaud for thoir paymont, which was rofused, and that the hioldors of ono-fuury dn amount of tho bonds bad made a domang iy writing on tho Trustees to take possession of the road In consoquonco of this non-payment of intorcat. As Scott sud Jowett then worv, in thy opinfon of the Court,compoited to ask, n tho oxs aution of their trust, Lo bo placed In possoarion of the road, and s thay ropresent partles whas mouey, to tha oxtont of nearly two millions of dollars, has gone into the road, the Court conly do notLing loss than put thom in control of i property. Ho thereforo stated that ho wou place tho property af tho rond in possession of Scott and Jowett am Recoivors of tho Court— that is, remove Receiver Uinckley and play Scolt sud Jewott in his etoad, {h now Ileccivers boing obliged to gy Dond for tho falthtul porformance of thoir daty, tho samo as Hinckloy did, and mako their ro. ports to tho Court ln liko manner. Tue Cour is ronlly obliged to continmo {ta jurladiction over tho road until tho case of J. J. Kolly and othiors against tho rond, which ta now bofora thy Buproma Court, 18 decided by that tribunal; fo in that case are contmnod original question that woro ombraced in the incipiout BLagos of the troublo about the roasd—namely, the ques. tions concorning tho logality of the stock vote] to tho Morgan Improvoment Company, eta. This uhnn&mf of Recoiverslip 8 not just why Haott and Jawett asked for. 'Tlioy mnked tobo givon possossion of tho road sbuolutely, uuder the provisions of their trust-deod, ro- Ieased from the control of the Cours; but thep linve & considorable Yictory, even as it is, for undor the ordor of the Court, they will contro| Lho ranning of tho road and be in posseasion of its proparty, regulnto its exponditures, aud oper. ato it in tho interost of the bondholders. Gen- eral opinion {8 that this clange practically de- ciden the litigation over tho property. ~The ::’haugo of Recoivorship will bo mtfn in a fow nya. EASTERN FREIGHTS, Bpectal Diapatels to The Chicazo Tridune, New York, Aug. 12.—~Tls Frofght Agontsof the trunk lines say that the agreoment botwecn tho companies for an advauce of rates to snd from the West is authorized for only ton days, but alt leave ua in doubt that at the end of that time it will bo continued for ten dnys longar, In fact, bocomo & permaucnt odvauce. Thoy ey the old rates wore simply ruinous to tho roade, and that the catting undor was somothing torr. ble. Inmany instances the rivalry resulted in mnking contracts to Chicago at loss than the oost of transportation. The rates to the princi. pal points Wost, ns ngroad upon, are as follows; ' Chicago amd Milwaukes—~First class, 50c. ; necand clusw, 40c.; third class, S0c.; fourth class, 2hc.; sud apecol, 20c. T'a Cine{nnati—First cloes, 40c.§ socond class, 3Tay third class, 38c.: fourth class, 23¢. ; speaial, 10¢, Lo St Leus—Firat clas, Gic. § bocond ‘ciass, 53a; third clases, &dc. ; fourth alass, 360 ; special, o Delroft—First class, d0c.: second class, 30e,) third class, 23, ; fourth class, 20e, ; apecisl, 16¢, Special Dispateh o The Chicago Tridune, Wasmixaroy, D. O., Aug, 12.—The following additional facts lLavo beon learned relalive b tha confarouce of the ratiroad officials at Balii. more. The result of the conforeuco was a joiul agroomont to eligntly ndvance the fraight rates from Daltimoro to tho West on Friday. Thu advanco will bo hased on a B0-cent rate” por 10 pounds of first-class freight from Now Yurk to Chicago. Persons at the conferouce stated that thay did not know oxactly what the new ratos would be, but assort that thoy would in all cases bo bolow thosa from New York to the same points. This would give Baltimors tho full udvantago of geographical position as being tho nourest of tho Atlanto seaboard cities w tho Wost. It waa also_ascqrtalued that presont rates to Chicsyzo from Baltimore would be shighte Iy ndvancod. Thoro will be no change for the present in tho Ciucinnali rates. 'I'he rates b0 othor Weatorn points will notbo advanced to soy great extoat, CHICAGO & MILLINGTON. The atockholdors of the Chicago, Aillingtos & Westorn Usilrond lold o moeting yosterdsy afternoon, at tho offico of the Compauy, In QGrecocbaum's Bank bulldiag, It was Lold fu the purpose of taking action on the resotution passod by the Direators of tho road on theln of Juno last, authorizing tho issuing of boods to the amonat of $1,600,000 to bo expondodin tho construction of tha voad. Tho action of tbe Directors was nnnnimously ratified by the stocke holders, Tho work of building this narrowe gaugo road has boen lot to tho Chicago & Woste orn Coostruotion Company, and tho trackiask readylald from tho wostern city lunits to the Dos plaloes River. I'wonty-five miles moro will b finishiod by tho 1et of Docomber. A bridgo over tho Desplainos Rivor is also 10 courso of erex tion, Negotintions aro now in TNK!M! which lovk favaratie to building 100 milea more duriog thin fall. Tho Company has purchased the gradd work of tho tamilton, Lacon & Eastern L rond, built in 1874 for a distanco of 8 miles, b ginning at tho intersection of West Forty-socond aud Wost Sixtoonth stroets, 1 milo woat of ihe city limits, and consequently about tho game dis tango duo west from tho coptro of Dougla Park. Tho track will cross tho Chiloago, !!uxhnt ton & Quinoy at Aurora, snd run thenes to Wil mington, 31 miles bolow on the Fox River, From that point it will run west through Princeton to the Misstreippl, This is the only narrow.-gaogs road running out of this city. Itla claime theso roads can bo built at'onc-balf the cost of tho prosent onos, aud that with lighter engioes sod ocars, trains can bo run at much losa expovse. Thore axo altoady on thio road one engine and oight cars, Tho outranco {nto thiu oity Liss nok et boon delermined upon, but counsction has mada for the Ermm with tho Burlington & Quinoy SALE OF THE NORTHERN PACIFIC- Speciad Dispateh to The Chicaga Tribune. New Yonx, Aug. 12.—The Northern Padfe Rallroad, with all ita franchises, including the franchiso to be & Company, aud all the propest) except the landa which have beon patonted, wal sold to-day undera decreo of court for tho noml- nal sum of €100,000, It was bought by the Cum- mitteo roprosonting the bondholders, who Lsvt nsgonted Lo tho plan of reorganization. At sa carly day boudholdoms will be requoated tods poeit thelr bonds in tho Farmers’ Loan and Trud ggfiwpluy. of thiu city, for purposey of reorgenzs I A “ TIMEG™ INACOURACY, Spectal Dispaten to The Chicupn Tridune, Kaxaas Ciry, Mo,, Aug. 12.—~The statewent B tho Clicago Times that the roads arenotaslt fug rouna-trip tickets from Lere to Chioago le i correct. Lioth the Haunibal & Bt.Josoph sol Chirago & Alton have sold upward gf 400 aint the first sunounooment, and are still doing 8 Another reduction in froights from Chicago 18 sunounced by tho latter road. Tharo sresd new dovolopuenty in ta railrosd fAght. ILLINOIS CENTHAL EARNINGS, Buectul Jispatch ta The Chiaga Tribund. A BemxorieLn, Aug, 12.—Tho grouy earuingd the Ilinows Central Rallroad, as sliown. by theif report to the Auditor for tho six months ondisk April 80, 1875, woso $3,675188.82. The 7 v ocont of this smonnt, due and paid over Lo Btato, 18 ¥180,259.47, FIEIGHT RATES. A mestiug of the Gouaral Freight Agents v held yoaterday, &t which the following ratos wert sgrood upon from Chicago to Miwsour fl-\!:z poiniss Fires oless, 80 ocunte) second duh“ oeute | tlrd clake 50 cania; fwisth elasky pecial, 40 cants. < u&llprl o e ————— s DO