Chicago Daily Tribune Newspaper, August 14, 1875, Page 4

4 THE CHICAGO TRIBUNE: SATURDAY., AUGUST Y4, 1875.—~TEN PAGES. TERMS OF THE TRIBUNE. RATES OF ATRRCRITTION (PATANLE IN ADYAXCE). Poetage Prepaid at this Omee. B 1300 | Weokly, 1 03 fr.i!'{\;rld.l S13.50 z:l:n‘mpll li‘fiuo" ) ‘en 60, X dmibies 00 & Partaof a yearat me rate, WWaxTRD—(118 aclive agent in each town and viilage, Bpecial arrangementa mado with such, Bpecimen coples sent freo. To prevent delsy and mistakes, be snra and give Post-Ofice address in fall, including Stataand Unnnty, Remittances may be mada alther by draft, cx;ress, Posl-Office ordor, or in regintered letters, at our risk, TERME TO CITY AUBSCHIDERY, Dally, dellvernd, Bnnday excopted, 23 centa per weok, Daily, dolivered, Bunday fncluded, 30 centa per weeks Address TIHE TRIBUNE COMPANY, Corner Mnadison anit Dearborn-sts., Clicago, Iil, et AMUSEMENTS. HOOLEY'S 'fl.‘lEATl!P.—]blmlan'h wireet, between Olark and LaSalin, Engagement of the Uujon Square Comg:ny. “The Two Urphaus.™ Afternoou and evening. ADELPHI THFATRE—Dearborn atreet, coruor Monron * The Jee 7 Aftornoon and evening, SOCIETY MEETINGS. THOS, I, TURKER LODGE, No. 409, A, F, and A, 3M.—There will be a #pocial communicatjon at Free Msson's Iall, 72 Monrve-at, (Am, Ex. Bi Baturday, evening st §o'clk. Work on the gree, Visitora cordially invited {o tnect wilh us, 1, order of W. M, JOILN E, PETTIBONE, Bec, WM. B, WARRZN LODGE, No. 209, A, F. and A, M. —Regular communication this (Saturday) ovening at Oriental Hall, 122 LaSallo-at,, for husineas and work, By order of the W. M. J. 1. DUNLOY, 8 Bhe Chicagy Tribune. Baturday Morning, August 14, 1875, WITH SUPPLEMENT. At the New York Gold Exchango yesterday greenbacks opened at 884, advanced to 883, but closed nt 88} to 887, It is a noteworthy fact that among the prominent citizons whose names (with or without their consent) were enrolled among tho list of officers at the meegre meeting nd- dressed by Mr. Kenier, by far tho larger portion wero gentlemen of pronounced and unmistakable views in favor of hard.mouoy, and whose leanings toward repudiation only extend to tho sentiments expressod by the orator of ths ovening. Congressman Souvaaxes, of Brooklyn, has Lit upon a simple and ensy plan for avoiding unpleasant investigation in connection with his Pacific Mail transactions. Preferring the serenity of European sojourn to the disturb- ing process peculiar to an investigating com- mittee, and believing, morcover, that his Democratio constituents will not refuse to be tomforted on acoount of his prolonged ab- sonce, ScEUMARER hns concluded to resign his seat in Congress and romain nbroad. Young Mr, Benszrt, editor of the New York Herald, hns just returned from Europe, and, resuming his labors whero ho left off, & column and s balf article appears in the Her- ald ringing the old changes upon Cmsarism, aud pointing out the dangers of a third term ogain, Either something is tho matter with tho young man's bowels, or it may be that the complaint is higher up. In any ovent, it would be quite aa interesting for tho Llerald to commence republishing the Bexenen evi- donoo as to palm off that stale old stuff about Czmsarism upon the public agnin, W. D. K. said, in his patent intorconverti- ble Youngstown-Indinnapolis speach, though he omitted to mention it last night, that the tramps engaged in begging, robbing, Taping, and murdering through tha Enst are mostly *industrious and well-meaning mo- chanics, robbed of their employment by vicious legislation, and forced from shame to ‘beg or starve.” A Now York paper unkindly points out tho fact that thero is a greut scarcity of farm-hands throughout the East, 83 woll a3 West and South, and that these “industrious and well-menning mechanics * could got work anywhero at $1.50to 82 1day and “ found.” They aro ns dishonest as ;their eulogist, Lowover, and the last thing ‘they want is work. An articlo in yesterdny’s Toinve, in the financial columnn, on the snbject of savings banks, secms to have boen misconstrued ns sweeping ottack upon all tho saving institu- tions of Chicago, No such intorprotation was Intended, nor is it warranted. Tnn 'Furpone did intend to call attention to and fitly charneterizo the rottenness and inscourity of savings banks organized and conducted on the plan of the collapsed concern on fitate street, but not to excite general distrust, Thero is no occasion for such distrust. There aro in Chicago somo six or eight sound, ro. linblo, wollananaged savings banks, which aro backed by millions of money both in capital stock and in the individual wealth and rosponsibility of Dircctors and stock- bolders. These banks enjoy and deserve the most unlimited confidenco of their dopos- itors and of the publio in goneral—n confl. denge not to bo shaken by the occasional oo- Erxmo of failures like that of Wednesdny it Another intercsting letter from our corre. spondent with Prof. Jexney's Black Hills exploring party is published clsowhere. There secms o be no longer any reason to doubt that gold has boen discovered in pay. ing quantities,—that is, quantitios which can bo made to pay bandsomely after a large amount of capital shall have been expendod In damming the streams and erccting saw- mills, aluicoways, reservolrs, eto. Individual miners, howover, excepting as omployod by capitallsts, will faro but poorly in the Black Hills, and even'if the feld were now freo of sbatractions, thero would be no induccment ut" present for fortune.huntors to make a general rush for the region. But as matters now stand no one khould permit himself to ‘e so far carriod away by the Black Hills ex- citement as to give up good employment and start for the new country, for it appoars defi- nitely cortain that tho large fores of troops -under Gen. Ozoox will be employed to drive out the miners now in tho Hills, and whose presance constitutes a sérious obstacle in the way of the suocessful couclusion of negotia- tions now pending for the acquirement of the resarvation The Chicego produce markets wero gen. erally weaker yestorday, Afess pork was o- tive, and 850 por brl lower, closing at §20,80 @20.85 cash, and $20.874 for Beptember, Lard was dull and 5@100 per 100 lbs lower, closiog at §18.85 cash, and $18.40 for Sep- tember, Mezts wero quiot and ‘a shade easier, at 8jo for shoulders, 12§0 for ghort ribe, and 1240 for short clears. Highwi were qulet and strong, at §L19 per gal- lon, Lake frelghts were dull and staady, at s for wheat to Dufilos Wilour was quish | and firm. Wheat was activo and 3o lower, closing at §1.21} for Angust, and 1,19 for September. Corn was more activo and 1c lower, closing at 63 eash, and 6%c for Scp. tember, Oats wers moderately active and }@1e lower, closing at 41jc v August, and 463c for September. Ryo waaquiet and firm nt 850 asked. Barley wns active and 1@20 lower, closing at 1.08 for September. Iogs wero active and stendy, selling at $7.40@8.00 for common to choice, Cnttle were dull and wenk, with the bulk of snles nt $2.75@0.50, Bheep wero in fair demand and rled steady. One hundred dolinrs in gold would buy $113.12} in greenbacks, Ono of the first things Mr. Duntar did nfter bis accoptanco of the offico of City Marshal was to issno an order directing the police to closo the gnmbling-dens of Chieago. ‘The promptness with which this order wos issued attested Mr. DuNLAP'S recognition of the renl canse which the publio has had to complain of the sdministration of the police- force of this city, and seemed to indicate his intention to inaugnrate tho reform which is demnnded. The order was a littla equivoen!, but this was attributed to tho fact that Mr. Dusrar wns new to the business, and to an over-cantioutsness on his part. But it was accepted by the public as an enrnest of ener- getic mensures ngninst tho thieves, confidence- men, bunkoists, aud vicions classes gencrally. "Fhe fact that these clnsses can be put down wnas demonstrated by Cob. ELser Wasnuny. Iefore he retired from tho Superintendency of Police he had succeeded in closing every gambling-house in Chieago, The gamblers hind bocome utterly domoralized by the con- stant and vigorona raiding which he intro- duced. 1o selected his men for the pur- pose, and finally succeeded in intrusting the work to mon who did not forewnrn the gomblers of the proposed raid. Mr, Wasn- nunn's success in this matter should com- mend his mode of procedure to Mr. Doxuar, e must remember that bis Superintendent, Deputy-Superintendent, Captainy, Sergeonts, nnd general organization of the force aro ma- terially tho snme now as they were prior to his neeession to tho control; and, if he wounld carry out his sunouncemont and not disap- point the publie, he must protect himself against disgnised opposition within the forco, aud insist upon the fulfillment of thoe promise to the public which his first general order im-~ plied. MR. KELLEY AND THE LEGAL-TENDERS. Mr. Krrey lnst night repeated to a Chica- go audience his well-known specch on the subject of tho finances, ringing tho changes’| on imaginary contraction, and proposing s the remedy for all evils the issue of unlimit- ed amount of grecalacks intorconvertiblo with his patent 8.65 paper bonds, ‘Chere are two points which Ar. Keriey is in the habit of overlooking, and which Inst night, thongh he touched upon them briefly and lightly, ho utterly failed to logi- eally and satisfactorily meet and explain. The first of these pointa ig, in case Congress shall anthorizo and direct the issuo of several hundred millions more of legal-tender notes, how is the Governmont to get them into cir- culation ? Tho Government has sufficient of hoth gold and currency to meot all its legally- authorized expenditnres. It cannot lond the serip, nor ean it give it away. Thero is, therefore, no way in which this serip can be put into circulation save by using it to pur- chase the outstanding bonds of the Govern- ment. ‘The 5-20 bonds of 1864 now soll at 116} in currency. At this price it will tako #1,165,0000f greonbncks to purchase $1,000,- 000 of the bonds, and $466,000,000 of green- backs te purchaso 400,000,000 of bonds. Bat tho moment Congress shall give sucha proposition serious conaideration, the value of tho greenback will rapidly decline, and, in the evont of the passago of such an act, the value of the old ns well 0s of the new isscs would fall as quickly as tho now notes wers issned. The probability, if not certainty, is that the Government to purchase $400,000,- 000 of bouds would have to pay currancy therofor at the rato of 150, requiring $600,~ 000,000 in greenbacks to purchase $400,- 000,000 of bonds, This would be an addition of $200,000,000 to the public debt. Leaving out of the account the interest at the rate of 3.65 1 currency, which such portion of thess notes as would be funded might bear, this schome would involve the nocessity of declaring that these notes wero never to Lo redeemed, or their ultimate redemption would involve the funding of all of them in gold bonds, bearing gold intorest, in which caso the two hundred amillions of increnso would bo added to the gold debt of the coun- try., But we do not suppose that any of tho friends of such a foolish measure, or any person who would vote for it, or approvo it, would do so under any iden or purpose that tho notes were noves, to bo redeomed savo in the ‘‘intorconvertiblo™ bond, the principal and interest of which are payable in the irre- deemable notes, In other words, the issue of theso notos, never to be redcemed, and the forcing of thom upon the people, will be an act of conflscation, a taking of private property without consideration or compensa- tion, an act of plundor wholly indefensible, morally or legally. The secoud point which Mr, Kerzey does not meet and explain is the legal difculty, Tho Bupreme Court of tho United Btatos by a vote of five Judges to four,—the majority being the result of an accident,—decided that the legal-tendor uacts wore valid becauss of tho extraordinary military ciroumstances under which they wero passed. The domes- tic and forcign credit of the Government was exhausted ; tho country was at desperate war; vast armies and naviea had been cronted to preserve the exiutence of the Govornment; the ‘frensury was empty; the army was un. poid; the expenditures exceeded a million of dollars a day; arms and munitions of war wero needed; tho enemy was pressing his advantages; tho Govern- ment Lud no money with which to purchase, and private copital had already beon bor- rowed. Taxalion was unoqual to pay the interest on the debt alveady incurred, The Government had power to borrow monay, but there was not enough to be borrowud. As a moans to the exerclsa of this power to Lorrow money for the legitimate end of sus. tuining and preserving the Goverument in time of war, when all other resources had been exhausted, the Suprowe Court declded that naking Troasury notes a legal-tonder was legal, just as under tho samo ciroum. stances it was lawful for the Government to seizo and use private property, and to seize the persons of the citizeus and force them to bear arms in the fleld, or lawful to do any other cxtraordinary sct deemed necessary at tho time to preserve the existence of the uation, Four of the Judges, including Chief- Justice Cuasx, who had been Becretary of the Treasury when the legal-tender acts were passed, held that there was no constitutional suthority far making Treasury notes a legal $andsz sithes du posse 6w wan Fuur, ab lenst, of the other Judges held’ that the nct was justifinblo under the ecircnmstancen wo have related in time of war, and tho wholo Court hold that in time of peace, with an unembarrassed Treasury, tho Governmont having full credit at homeo and sbroad, and in tho receipt of a rovonuo not only equal tothe wantaof the Governmeont, but furnishing a largo annnal surplus, would not only be unconstitutional but prepostevons and indefensible. The Judges who aflirmed tho legality of the legal-tonder acts nsa forced loan in time of war,—as A mnecessity under the circumstances,—at the same time declared that when tho necessity ceased to oxist the actr should cease also. Thero is not porhaps a Judgoe in the United Staten, or a respectable lawyer, who, in the light of tho judgments of the Supreme Court on this subjoct, will hold that an nct of Congress directing tho issna of ndditional acrip, and making it legal-tender, passed at this time, in the midst of profound pence and with an overflowing Trensury, would be constitutional on any possible grouny. Under theso circumstances, is not Mr. Keriey vainly beating the wind in talking about an increased issuo of legnl-tender scrip ? Is it not apparont to every thinking man that such an act, criminally unwise in itself, would not stand tho test of a judicial examination ; and that what was juatifiablo and necessary in time of war is not go in time of peaco ; and that, whilo a tnan may take even lifo in selfulofonse, to take it otherwise would be murder ? Ought he not, as a statesman and ns o man ambitious of honorable memory, in. stend of perambulating the country advoeating the unwise and unjust as well as the illegal and prohibited, to inform the peoplo that the ‘War ia over and peaco restored ; that forced loans, confiseation, and extraordinary mensures of public defense nare no longer authorized, and that the only honest policy for Govern. ment and for the peopls is to roturn to Lionest monoey in the shortest possible time? . A BENSIBLE PROPOBITION. A proposition has originated in the Com- mon Council relative to the construction of the new Court-House and City-Ilall, which is tho only practicable plan that has been sug. gested for the immediate prosecution of the work, and which the County Commissioners should nccept. The proposition is, in brief, that the county shall avail itself of its privi- ege to borrow the money for the construction of tho entire building, and the city will as- sume tho payment of its proportion of the in- torest on tho bonds, and also pay its propor- tion of the principal in the ond. The City Government cannot borrow the money re. quired to build its portion of the work on account of having reached the constitutional limit of its indobtedness. The county, on the other hand, may issne bonds to tho amount, wo belicve, of 31,200,000 immedi- ntely, and, befora the completion of the work, borrow suficient money to pay for the whole of it, By the timo the principal shall become due, Chicago will be a city with at leasta milllon, and perhaps two millions, of inhab. itants, and it will thon bo amply prepared to pay off its proportivn of the cost. The main argument in favor of this plan is, that tho county and city are practically ono nnd the same. At lenst 86 per cent of the county taxes are paid by rosidents of Chi- cngo, and a large msjority of the chief outly- ing towns—Hydo Park, Lake, Cicero, Now Trier, Lake View, aud Evanston—are inhsb. ited mainly by tho families of men who do business in the city, The interests of the city and county in this matter aro identical. For tho county to borrow tho entire sum necossary for the construction of the build- ing ia simply to relieve the common tax-pay- ers of city and county from the exaction of poymont for tho aty part by present direct taxation. Unlose this is done, wo do not see how the ecity ean procoed with its part of the building. The $G50,000 of canal lien designated for GCity.Hall buildings cannot bo wused for this purpose, simply because it has already beon used up for the othor purposes. It isnotin the City Treasury to draw sgainst, and will not be for some yoars, since it is necessary to pay back the money borrowed from the vari- ous special fands and to take up city certifi- cates beforo the monoy ean bo legitimately used for building purposes. The tax-payers of Chicago can hardly sustain the load of paying for tho building of the City-Hall di- rectly out of their pockets in addition to the sevoro pressure already folt in de¥raying the ourront expensesand necessary iLiprovements in the city: If such an arrangoment as that now proposed is not made, the county will have to go on with its portion of the building alone, which would be awkward and embar- rasging in many ways, As far as the Court- Houso and taxes aro concerned, the separa- tion of county and city is a distinotion with- out a difforence. THE WILLIAMSON VENDETTA. 'The very interesting and detailed letter from our correspondent at Marion, IiL., pub- lished in our last issue, at laat places all the facts concerning the vendotta in Willlamson County before the publie. Previous reports bad not magnified the infamous and brutal charncter of this vendetta, It now appears that in less than two years six people have been killod, four have been seriously injured, and three have been shot at without killing them. About twenty persons, among them o newspaper editor, a Btate’s Attorney, and sevoral prominont business-men, have beoen compelled to flea for their lives out of the county, either owing to actual attacks or let- ters of warning roceived by them, Some of tho viotims have been shot becauss thoy were supposed to know too much, and some be- cause thoy commentod upon the out. roges. All tho assassinations were conducted in the most cowardly manner, some haviog baen shot from ambuscades along the public roads and through windows, and others hav- ing suddenly been called up from their beds in tho darkness and shot before they could defend themsolves. It further appoars that tho officers of tho law are so afraid of the as- snssing thut they dare not execute the hws or even call for assistanco, and that the people of two counties, Williameon and Jackson, are 80 intimidated that they dare not even ds- nounce the murderous outrages, or form themsclves into o Vigilance Committes to suppress them. Pending the existence of this reign of terror, of course none of the villains have been hangod, imprisoned, or punished in any manner, For two years this infamy has been allowed to disgrace the State without protest, except from the news- paper presd, and without any steps having been taken by the county or Btate au- thorities to stop it. Wo now serioutly commend the lstter of our correspondent to the Governor. It furnishes him all the facta, soquaints him with the exact conditlon of the people in those two countles, and ought to prove an {ncentive to more vigorous action than he has yot diaplayed in suppressing tho bloody business and bresking ug thess nests —_— of miscronnts so comnplotoly that thoy will nover bo heard of moro, Tho obsincles which tho Governor fancies standing in hin way are o trifling that they mny easily be overcomo. 'The plea that ho has not sent nsgintance to the people of that county be. cnuso they have not asked for it, is not n valid one. Thoy liave not naked for heip be- causie they dare not, They fear that were they to appenl to the Governor it would be followed by swift and secret rovenge, and that they would be shot down by the cowardly dogs from somo Fecure hiding place. The county officinls foar if they should tako mensures to punish the mis- creants it would bo at tho peril of their lives. The Governor hns uot hesitated before to sond the military to enforca laws without whiting for any application for assistance in cnses which wore not nearly as imperative aa this, Again, the Governor urges that ha has not funds onough ot his disposal upon which be con draw 8o ns to be able to offer any re ward suflicient to producoe any resulta, The Governor s a contingent fund at his dis- posal, small to be sure, but if he should ex. haust it and appropriate other State monays, tho appropriation would be recoguized by nny Legialature which was not in favor of murder oud assassinotion 28 an lhonost nnd necessary dobt, Thore {8 no valid reason why the Governor should not nct on this matter, and act speedily, vigorously, and thoroughly. ‘Thero is no other matter half %0 important now claiming his attention, for this vendotta does not alono affoct William- son and Jackson Counties. It is disgracing the whole State, sud every doy’s delny em- boldens the villains concerned in it to engago in fresh crimes. A littlo courage, Governor, ‘The poople will back you. Don't be afraid to take responsibility to broak up this assas. sination busin THE BANK OF ENGLARD, Tho rag-money orator of last night, in his Indinnapelis speech, boldly nsaserted that the Bank of England was only obliged to ro- deem it notes in exceas of 370,008,000, Its issuce to this amount, he declared, wore irre. doemable, This was wholly untrue, Tho Bank of England holds as sccurity for tho first £14,000,000 of notes issued the samo smount in British consols. In case of neced, it can sell these consols at a momant’s notice and use the proceeds to redeom the notes thus secured. Beyond this limit of £14,000,- 000, overy pound-note reprosents a gold gov- ereign in the Bnnk vaults, The sacurity held in the shape of consols corre- sponds to the United B8tates bounds which form the basis of our National Bank jssues, Wo issue ourroncy amounting to 90 per cent of tho deposit; the Bank of England issues 100 per cent. Tho principle i the same. Its worth is proved by the striking faot that no holder of a National Bauk note since 1863, or of a Bank of -En- gland nota since 1844, hos ever failed to re- occive what that note called for,—in America, greenbacks ; in England, gold. Sinca 1844, whon the presont English system was adopted, the Bank of England note has nover varied in valuo from coin, Whether interest was high or low, whether business was in a prosperous or procarious state, this note has been as invarinble as gold,—because it has al- ways ropresented, always been oxchanges- ble for, gold. During these thirty-one years, we have scon one system aftor an- otherin this country rise and vanish, Bubble aftor bubble has burst. Tho manifold schemes of Stato banks have been swept out of ex- istence, Wo are now blossed with a cur- rency which has been worth 92 cents on the dollar, 38 conts, and all the other numbers of cents botween these extremes, Within a dozen years it has suffered almost every con. ceivable fluctuation, while the Bank of En. gland note has not fluctuated at all, Andit is this steady currency, good as the gold which i always ready to redeem it, which appals Mr. Kerrey, and for which he would sub- stitute an irredoomable scrip currency that jumps up or down with overy rumor on the Stock Exchange. Instend of using a dollar that will buy a dollar’s worth of goods or grain every day in the yoar and evory year in the contury, he wants us to use a picce of green paper, stamped with the $.mark, that will buy 88 cents' worth of food to-day and 80 cents’ worth to-morrow, and perhapa only 40 cents' worth, perhaps 90 cents' worth, the day after. He wholly misrepresented the systom on which the English paper curroncy is rogulated. If he did so intentionally, he is not honest. If unintentionally, if he really bolieved what ho eaid, his ignorance should excuse him from appearing before a popular audionce as an {nstructor of the people. The silly newspaper which parts ita namein the middle hns discovered nmare's nost rolative to the course of Tz Trisune in the Custom. Houso matter, and devotes two columns of ex- tracta from the filos of the latter, and com- ments thereon to convict it of what it ad. mits, what all its readers know, what it has no intention to conceal, and what it proposes to keep on doing, that silly nowspaper to the contrary notwithstanding. When the Gov- ernment officers first sprang their charges ogainst the Custom-House, and positively and even solomnly declared that the stones would not atand tho rigors of our winters, that they wore crumbling to pleces, that the walls wore cracking, giving way, and settling, ond that they would tumble down if any more welght were added, that the ground be- low the foundations was found to be only *glush ” and * mud,” incapable of supporting wolght, both tho nowapapers and tho people of this oity wero astounded at the statoments made, espeoially as thoy wero accompanied by proofs of failure which appeared unquestion- able, When to these proofs were added the reports of the borings aud of the Investigat~ ing Committee, Tux Trinunz was misled, s well as the othor pupers and the publio also, Almost every one settled down in the dis- heartoning bolief that the building was doomed ; that it would have to be torn down and razod to its very foundations; that all the coutly work which had been dons would have to bo fAung away, tho flinging away proccss itself involving heavy expenditure; and that a new building imnported from Maine by new contractors, involving new rings and jobs, would have to be erocted in its placo, Not entisfled with this solution of the guestion, and thinking that possibly all this expense of time and money might be saved, Tum Tais- g concluded that thero ought to be an in. vestigation made, not bystrangors, but by the looal architects who were familiar with the ground, the nature of the subsoll, and {ts capacity for bearing the weight which would be piled upen it, and establish definitely whether it would ba safe to go on with the work ornot. It ocalled upon the Common Council and the Mayor to suthorize and appoint such a Commission, which was done,—o faot which this un. sorupulous sheet has not the manliness or Lonesty to acknowledge in quoting from T Tamuxz, This Commisslon comprised some af the oldssh and moat skillful architeols in the oity, who had constrncted the henvy buildings adjncent to the Cuatom-Tlouse site. That Commission spent n month in caroful and conscientious examination of tha prem- ises, mado ita computations upon data ob- tained from Washington, and established tho fact that tho Government Commission and Architeot had made radical orrors in thoir os- timates. All that Tur Tamuxe has since said in couflict with its earlier utterances is bnsod upon the new proofs furnished by this Com- mission, Upon this subject, as upon all aubjeots, Tug Tnioung decides according to the best light, and if, owing to the report of this Commission which was nsked for by Tur. Trinuyg, that poart of the work al. rendy dono is saved nnd tho build- ing goos on to completion, as our own architects say iv can, thus saving the poople a willion suda bolf of dollars and several yenrs of time, tho publio will probably come to the conolusion that Tur Tamnuve wna in the right, although the now contract- ora' ring from Maino may have lost a fat job, The man in private lifo who will not change his opinions when new and convincing proofs are offercd is sither an obstinato nss or an idiot, and wo are not awara that a man is any exceplion to the rule because he conductsn nowspaper,—the only differonce in tho two cases boing that the asininity or the idiocy of tha Iatter are all the more painful bocause of their groater conspicuousness. An inflation shoet which denies that fluctu- ating groonback sorip is worth less than 100 conts on the dollar beoause a creditor is com- polled to accopt it in pnyment of his claim at par, publishes this curious statement : Bupposs a merchant deaires to possess $1,070, gold, what course doos he pursue? He goos to & broker and saya: 1 want to buy $1,000 gold.” The broker sayn: “The rate 18 18, X shall require your certified check or bank notes to tho amount of $1,140." That s mer- chant shonld wish to soll groenbacks at 87 conts on tha dollar fs abeurd, How this proves that a serip dollar is worth par is something not easily comprelonded. Some men in the Now York Gold Board buy greonbacks with gold; other men sell greon- backs for gold. Buppose a merchant has $1,000 of groenbacks which he wishes to sell for coin; in the above case the rate is 18 por cent; Liow many real dollars will he get for hia scrip?, Ans.—$875.76; tho discount or losa will bo $124.25 on the $1,000 of green- backs, He will therefore recoive 87} cents for the nominal serip dollar. The next day it may not bo more than 80 cents, as it is all o matter of luck and chanco what the pur- chasing power of a greenback may bo from day to day. But, says tho wild-cat concern: 1f he owea snybody a dollar, the greenback dollar {s 1 good & tender for the dobt as the gold dollar would be, for which be must part with lis greenback dollar and fourtoen cente besidos, 1f he wants o buy a house and lot, he will not be asked when ho makes & proposition to purchase what kind of money ho ex- peots to pay ; tho price will o atated, and the doed deliverad on tho paymont of groenbacke, Bupposs ha anys tothosaller: I will givo you $1,000 for your houso and lot ;" und tho sellor sayn: *I will tako it," and the sgresment {s put in the proper form of writlng 10 bind tho burgain, But supposs when tho deed fs ready for delivery that tho sellor mays: "I demand gold in payment.” The buyer will vefuss, and the courts will compel the seller to deliver on the payment of greenbacks, It will bo obssrved that graenimcka command all commoditics, Bat suppose that the manwhosold the house sold it with the understanding that ho waa to be paid in coin, would it be right to make him take scrip worth 87 per cont of its.faca? ‘Nobody denies that in the paymont of adobt the law of Congress, passed during tho crisis of the nation's existence, compels the cred- itor to accept tho scrip in full payment of the house and lot or debt, no matter whether the scrip is worth 873, or the half or tenth thereof ; but that does not make it right to continue such & system of uncertain currency in time of peace, when tho Government is abundantly ablo to redeem ite scrip, at least by giving on intorest obligation thercfor, as it originallyagreed todo. The wild-cat concorn snys thatif o man owes anybody a dollar, tho greenback scrip is as good a tender for debt a4 the gold dollar would be. But let him go into a stors or grocery to buy some goods, and see if his greenback is as good asa gold dollar. Thore is not a store in Chicago but will give him 12 to 14 per cent more goods {or o gold than fora greenback dollar. It will be tho samo if he goes on the Board of Trude to purchase grain or provisions, or to the dealers in cattle, lumber, or coal. Let him visit any real-estato agent and see if he can’t purchase lands, lots, and buildings for 12 to 14 “off " for coin psyment, Real money is worth 100 cents on the dollar, but green sorip is worth what one can get for it; sometimes 80 cents, at other times more; just wa it happens, 'The New Orleans Z'imes of the 10th inst., referring to the disgracoful vendoetta business in Williamson County, Ill., compares it with the Ku-Klux outrages in the SBouth, and sar- castically ealls upon the Northern Ropublican newspapers to denounce it in the samo nn- mensured torms of indignation which thoy have heretofore applied to tho ontrages and murders in tho Bouth. 8o far as Tux Trin. UNE i8 concerned, it has not been mild in stig- matizing this vondetta a8 it deserves, and in reproving the Governor for his tardiness of aotion. There is no doubt about the charac- ter of this vendetta. It is an infamous, cow- ardly pieco of busincss, and ofery one con- cerned in these clannish assassinationsought to have been hanged long ago. But tho New Orloans Times, in instituting comparisons, omits one ealient fact, which ‘{s utterly de- ptructive to the parallel. Tho INinois ven. detta is & neighborhood feud, the princi. pals in which bhelong to two familics, Politics have nothing whatever to do with this quarrel, Tho Ku.Klux outrages in tho Bouth were political in character, and grew out of politionl onmities. The Ku-Klux murderers were Demoorats, thelr vietime ‘wero Republicans, and they were murdered boonuse they were Republicans, Ku-Kluxism was an attompt to intimidate and overpower negroes who were voting with Republicans by violence and murder, Nor were white ‘‘radicals " spared. There is no such pur. poso in the Illinols vendetta. There is no colorling in it, no attempt to intimidate peoplo from voting, no prejudice growing out of color, or race, or * pravions condition of sorvitude.” We admit that tho particl. pauta in it are just as brutal and cowardly as the Ku-Klux, and desorve hanging just as wpeedily ; but there is no good reason why they should be compared with the Ku.Klux, or why Northern papera should be abused for not treating their local outrages as they did tho murderous Ku.Klux, who slew mon all over the South on mccount of their Repub- lican principles, S —————— The fnvitation extended to Mr, Jevyason Davis to make the annual address before tha ‘Winnebsgo County Agrioultural Boclety noxt wmonth seems to have ralsed & very strong breezo of indiguation througbout the whole of that county. The ex-soldlers belonging to the Army of the Republic vrganization have passed resolutions denouncing him, Many of the farnters aré up 1 arms, aad re. fuso to go to the Fairif Jrrrerson Davis Apenks. Tho artisnnk and manufacturors threnten not to send their goods for oxhibition. As tho result will bo that nothing of consequencn will ba sent to the Fhair, that nobody of consequence will go to the Falr, and that its receipta, therefore, will amount to nothing of consoquence if Jee- renson Davis puts in his appoarance, of courso the whole schemo will have to bo nbandoned, and the Sccretary of the Boclo. ty will be put to tho mortification of ean- coling his {ll.advised Invitation, which Mr, Davis bns unfortunatoly nccopted. As it now appears, the whole affair was & very serious blunder on the part of the Sccretary. "When the announcemont was tolegraphod from Rockford that DAvis had beon invited to orate, it was supposed that tho jnvitation emanatod from the Winnobago County Agri- cultural Bociety, which includes the farmors of that county, and therefore in commenting upon it wo tendered our ndvics to Mr, Davis to confine himselt to agricultural topics, and not meddle with politics which would be un- palntable to the people of Winnebago, Now it appears, however, that the invitation was oxtonded by the BSecrotary of the Boclety upon his own motion and without any au. thority from the Socioty itself, This boing tho cnse, the duty of canceling it devolves upon him, however disagreeable it may be for him to do it. The trade-union formed by some of the publishers and booksellers of America lina commenced its work of terrorism in Chicago. Ono bookseller who hns been supplying tha Public Library—that is, the Chieago public, and cspecinlly the poor—with books at rates somewhat below those *fixed” by the Bookscller’s Union, but high enough to yield him a liviog profit,—this bookseller waa waited upon Thursdny by n committes of the firms in the Ring and was threatoncd with tho denial of all opportunities to buy books from dealers if he persisted in refusing to sell them at what are in many cases extor- tionate rates. It costs but an inappreciable trifle moro to produce a book now than bLe- fore the War, but tho War-prices are rigidly maintained. This makes the schemes of tho Booksallors' Union stifl less excusable, In any cvent, however, terrorism will not pay. The gamoe won't work. Ignorant laborers mny sometimes be pardoned for this sort of criminal folly, but there is no excuse for in- dulgenco in it by men who, like the publish- ers concerned, are oducated enough to know botter. The AnprnsoN-Aoassiz school of natoral his- tory at Ponikeso Islsnd, although forced by lack of money to closo its own doors, has sug- gested and started schools of the same sort— open-alr acadomies—in Tennosaes, In Obio, and in Illnois, The Tennesseo experiment, con- ducted by Harvard Professors, has not yet boea heard from, but the Ohlo and Illinols schools have been enconraging successes, Tho ono in tbis Btato, which we commended to publio stten- tion whou the project was firat broached, olosed on Tuesday, aftar & four weeks' rassion, Tho iotructors havo beea able, tho {nstruction thor- ough, and tha scholars devoted. The achome has boen 8o completo a sucoess that an anuual wession will ba held hereafter. ettt The Londcn Echo containa the announcemont of the death of Sir Cuarres Looock, Bart., the first physiclan-scconchour to Quesn VicToRIA. He was born In 1799, and graduated in Edinburg in 1821, Alter going to Londou, he waa solect- od above all others, at the advico of Bir Jaugs Crankg, as physiclan-scoouchenr. He was also a Fellow of thae College of Puysiciang at Edin- burg, President of tho Royal Medical snd Obl- rurgical Bociety 1n 1857, was appointed Honora- ry President of tbs Obatetrical Boclsty in 1863, and in 1864 wan elocted a Fellow of the Royal Soclety. He attended the Queen at tha birth of every ooo of har nino children. At Youngstown (0.), whera Krurey advised lator, on account of wani, wretchedness, and woe, to * elutch capital by tue throat,” the rolling-milla mre runniug double tura. Labor, inatead of plunderiog oapital, is profiting by it. The rolling-mill employes bave not yot murder- ed their employers or burned tho mills that give them work, Too bad, isn't it, that Kerrxy's advice hias not been followed? It is hard that a demagogue muat prats iu vain, Tha oensns returna of Ireland show cne thing that must make the heart of W, D, Kxrrxy griove. In all the 5,412,377 personms, only cno calla himsel? » * Kellyite,” Ilave all thoso ranting years at Washiogton produced #o small s rosult acrosa the sess? The returns of idiory, lasanity, eto., are not yet published, but since there Is one * Kellyita theze must ba at least one idiot in Erin. —_— Two wacks after Mr. Krurey howled his mournful howl at Youngatown over tho financial decadeuco of England, the crashing of its indua- trioa undor the weight of & gold ourrency, et cotera, tho Bank of England reduced ita rate of disconat to 2% per cent and consols roge to 053§ per cent. Both theso ocourronces can hardly bo claimed sa proofs of great commeroial distress. # A correapondent " is informed that Intercon- vertible nud Inter-Ocean-lble bouda are noé pro- claoly tho eame. The mein resemblance between them {8 their mutual lack of value, The mis- take probably arose from confusing tho Xi-0, aud the L O. U.s,-~a pardonable ervor. POLITIOAL NOTES ==l Gov. Ames, of Mississlppl, it is sald, has been absent from his post evor since laat April. BSam Cary seoms to the Springfield Republioan 1ike a cheap Weatern edition of Butlar, with the ‘brains laft ont, The campalgn in Maine grows in bittorness snd fury, iostesd of diminlsbing, Qonalderlug that the Ropublicans have & olear majority be- yond dlepute, there scarcely seems to be reason for 80 much heat and bad blood. Joho Morriasey haa tarned flercely upon May- or Wickham, and revoaled the interesting fact that the Msyor used to be a frequenter of the s zooms"” on Twenty-fourth streot. A pretty sat, truly, are those Demoora aders in New York, | The new Oorporation Counsel of New York City la not Jobn O. Whitney, as the telograph spelled the name, but Wilham U, Whitney, s graduate of Coltege in the class of 1863, an able lawyor and a thorough Rentlemsn. The sp- polntment in a good one. An irresponsible paragraph floating about the newspapers asserts that Benator Carpenter and Mr. Casey have denled that they ever predicted QGen. Grsot's nominstion for a thirdterta. Thero appears to be 10 authority for the statement. Bouator Carpenter has not spoken loud enough. ‘There are 02,000 votora fn Oblo who did not vote last year, sud it thoss stay-at-homes aro brought out, as they probably will be by the ac- tlve oanvasa in progroes, there 13 no resscoable donbt of the auccess of ths Rapublican tloket. Tho Weatarn Reserve is spealally strong for bard woney, The people of Oalitornla will decide upon the question of holding & Conatitutions! Coavention st the regular olection, Sept. 1. The subject has'vot beun much disoussed. The Alla-Cali- Jornta, Republican, oppoi the Conventlon, sod the Chronfols and Bulletin are so far noa- commlttal, Mr. Halalead anggests that the Rapublicans of Indlanapolis may Lave put up & job on the Sen. tinel 1o erdat 40 got 18 b0 publiah Banator Maode | gs — ton's specch. Dy rofasiug to pive nway a cop, and pratending to be vory anxtous for nxcluai, nossonsion, the Journal mon may have tempt g the Seninet into bribery aud thoft for the sa .y of an object nhich would ordinarily weem to . Democrat not worth n.tainlng, Dat tha Dem,, ciats of Indianspolia had good reading tb 4 morning. Poor old Uncls Dick Schell has bscomo & money minsionary In Now York. It 18 naid th hie moditates a meoting fa Cooper Inatitute, wi), Mr. Cooper in the Chair, and himeolf an iy principal spoaker. Foor Uncle” Dick! He a. ways would bo flying papet-kitos ; bnt thors Is 4 warm heart beating under bin flgured waisteary, A large supply of the *‘ra-ot-good.- feoling * truck g otill hawkod about Uio market by tiy sontimontalixia, ThoBouth iswoll enough—Ioya| peaceful. indusirious, sud in a way to b pres. porous ; the people thore do no; earo particular 1y to bo wept ovor as roturning prodigals. Thry would not like to havo the old man say to lhe alder son, either, ** All that I Liavs in thine," Thero aro only four membera o! the Conare s stloct who havo served fourteon yesrs; four morg have served twelve yoara, ‘The hatisasfollory+ Fourteen Faars. Tuelve Fears, 8.8, Cox Fernnudo Wood, W, 8, Holman, B, J. Tandal, W. D, Kelley, 3. A Grflele, N. P, Banks, 3. d. Diaino. Koltoy, aa the longost in continuous forviey, i the father of. the IHouso; aud & pretty paront bo ls. The United Btates Government has actually boon hinracssod to tho Jamea Iliver & Ksnawly Canal job, The Congresslonal appropriation of 300,000 {s now boing oxpended for the constuys- tioo of & lock at Chinrlostown, W. Va., and thiy is gonorally noderstood to be maroly an erter. ing wedgo into the Troasury. It is said that ths first bide openod digplay s good doal of chicane, there being most oxtraordinary variations it: tig Pprices for the samo work. Tho Now York Bulletin ragrots very mnch (hyy tha currency question snould havo Lecoms n poe litioal iseue, Itenys: *‘Justwhen we have near. ly reached a final aijustmont of tho onrieny question, the politiciana stop in and subjoet the i8suo to the ignorant wrangling of party peiti.s, ‘The resuits of ten vonrs of diecuesion aro to by thrown away, and the question which hae bees 80 carefully examined by the bost thought of rhy country is now to bo submitted to the blit.i de. claion of party mobu." Now, a1 & mntter o1 fack, the intorvontion of the politicians waa Badly uoeded in thia particular caso, ¥ Fx-Gov. Willinm A, Grabam, of North Cio lina, who died Wednosday at Maratoga, % s tag son of Geu. Jogaph H. Grabam, an oflicer it thy Rovolutionary War. Ha was born in North Car. olinn Bopt. 5, 1804; was educated at Chay 21 114!l University ; studiod law and practicod st New. born; was a Sonator in Congrees from 1341 to 1843, and, at the oxpiration of bis te:m, nas choson Governor of tho Stato ; was re-el ‘ted tg thia position ; verved as Bacratary of th: Ny, during the wholo term of Prosident Fi! 0y was nominated o the ticket with Gen, £ ot Vico-Prosident in 1852, aftar which he w..» ! tilo known in publio life. ‘The Waehington cotrespondent of the Lonis. villo Courier-Journal tellathe story of Mx. 8 in- nor's woea over again, Tho substance of tho new version 18, tbat Spinner bored the P. ovident by ropeated threats af resignatien, aal thz finally tho Prosident took him at his wor 1 rather suddenly, Mr. Dristow approved. T1 3 riory of a disagreemont betweon Bristow ana Splunes 88 to theappolotment of & cashior had no fouuds. tion, oxcept that Biistow refused to all w Fpin. ner to mako the appolntment aftor his resisua. tion had beon accoptad. It maz be noti el thst the Courier-Journal is a triffo warm i ite de- tovso of Mr, Bristow, who is a Kentucty man and quite popularat home, though a Rej ublican. i . — PERBONAL Mr. and Mra, Algernon Sartoris will 1a..ve Long Branch for Englaod on tho 28:h inat. Don Butler, having been complately Mikernt. clzed, is golog to change the name of his yuckt * Amorien " to * Erin." **And the Republican went up to L's houss justified rathor than tho other.” fs an omoads. tion of an old text fit for tha timea. Tho Rev. E. 0. Towno, of Eaaton, Mo., <ays that Prof. Soelye fs a ** masouline imper, at tho head of a woman's (8mith) callego, Bionnlal fashiona would bo ss groct anim provement au biennial sessions ot the Lojlsla ture ; but, as & rule, blonnials aro a bor.. A pretty name is Quabon, for which 3.iss Fan. nie Russell, daugbtor of the American Miuister to Venozuels, 18 going to oxchange her owu, Walt Whitman annaunces that, altbeugh stid focblo, ha will uttera fow more * barbard: vawps" this summer in the mhape of & new vilume of pooms, America didn't half try to make & good show- ing in the Geographical Congress at !'sim yet sbo has carnod away soveral firat-class modalr and prizes. ‘The New York Graphic has a pletare of Mr, Moody which boars a remote llkeness to lum, It represents him s & stout man, weighir.g sboad 900 pounda, George Braham, of the Unfon, aad h's wife, will leave this evening for s tour of ti» weeks through the FEastern Btates on businoea cop ,mected with the papor. Lonis L. James, tha old leading actor of Dals's Fifth Avanue Company, but now uader angage- * ment for the Chicago Thostre, which ogons Monday, is in the city, It is quite poticoablo that young ladies who wear striped stockings nsuatly oocupy twe. ohaira They sit down in one, and prop their fes. on tiv top round of the other. A bydrophobia tree in Indla fa worlkinzy great haveo amoug the natives. They say 1t derivel ita pecullar propertien from ths sap of soveral dead dogs buried st ita roota. Mr, Whitelaw Reld yields, e has withdram tbe advertisement for pubtiahing which th ; 71 threatened to advertine hum aa & liar and & cheat Thia looks much like a confession. Gerdemanp, the dofaulting ex-priest of Plils- delphis, promises to be & permanant (n lictivn upon the country. He Is galog to lecturo, of course, At last accounta bo was in Baltlt ore. With Bishop Thirlwall, says the London Times s name passes awsy whioh, on the who's, lhas perhaps bsen the greatess of thows which have adorned the Engllsh Episcopate of this ccutwiy. Mr, William Lill's friends recelved laty last night & telegram from Denver, Col.,, confrmivg the report of lis death, He died at8 o'click s m. Wodneadsy, Notics of the funeralwill La glven horeafter. 1t is ramored, but we do not credit the repat, that Tommy Blesrman haa privately sracged with Garibaldi to flush the Tiber during the wom- mer months. Anyhow, ba's going to Rone o talk about Boacher, Oulda is tow-headed. This might eaaily have been inferved from her novels, for she ia &' ways tolling how ambor lghta play about ju s besu: tiful way; but thismere sssumption fa now con* firmed positively by s Paris correspondent. The punsters aro making sad work with that 8t, Louls editor who resoued e young lady fruu} drowning, Theyasy hs fisbed her baok to hfe. usa matter of conrse j and it would have bee? scaly of himif he hadn's. Fiahback s used to it Games with forfeits ave played in Franee for the bauefit of the suffersrs, and & roso from & falr lady's hair hss beaa known to bring s fabu- lous price, Private subsoripticns, too, are very great. The dramatio profession s lverl with benefits, i Mr, Batt, of Limarick, sctuslly drew up a bull and presented it to the Dritish Houss of O w- mons ae & bill. It provided that olaima for ocm- pansation for murder slould be presented befure the death of the person allagsd to have Lou murdezed. Jesss Bhephard, the phencmenal yooalist, wbe phenomenal consars 10 & L