Chicago Daily Tribune Newspaper, August 20, 1875, Page 4

TERMS OF THE TRIBUNE. RATES OF FURSCRIPTION (TATARLE IN ADVANCE), Postnze 1'repnld at this Onlee. &t 890 for August and 35}e for Beptember. iye was quiet at 81@82c. Barley was dull and B¢ lower, at £1.04 cosh, and closing at lwv‘l\‘x".‘ 0f for September. HHugn were in fair B Airn conirs; closed firm; sales chiefly ot | Tomeupies nndasy Fdiiion, doublesheel..... Tarta of » year st the sama rate, WAKTED—One active agent iu each town and viliage, Bpecial arrangementa mado with such, Epecimen copies sent froe, ‘To prevent delay and mistakes, ha surs and give 3.00 The cattle market waa fairly activa and firmer. Bheep were dull and declined 20@30c. One hundred dollars in gold would buy $113.37} in greonbacks at tho lose. Poet-Office sddroas in full, Includig Stateand Connty, § &0 Remittancos may be mado eliher by draft, express, Post-Office order, or in regintered letters, at our risk, TYRMA TO CITY SUDSCRIDERS, " Dally, delivered, Bunday excepted, 23 centa por wrek, Duily, delivered, Bundsy inclndel, 30 centa per week, Address THE TRIDUNE COMPANY, Carner Madison and Dearborn-ste.. Clilcago, 111, eere— — Tho abstract job was consummated yester- day by tha Board of County Commissioners in voting to purchase of Orro Perrzen for 245,000 n et of books for which the people of Cook County have no carthly use. A tond needs a pocket if anything n triflo worso than the county needs Przrrzen's abstract books, They are worse than worthless; they &re n positivo detviment. Nobody will buy real estato or lend money npon the strength of nbstrnets of title tnkon from these books, beennse no one guarantees tho correctness of tho echain of conveynnco ns rot forth in tho books; while, in procuring nbstracts from the only firm in Chicago eapablo of furnishing thom, security is given that the document is nccurats, Morcover, a8 Tie Trimuse has herotofore pomted out, theso Prrrzen books, being ex- posed to constant publio inspection, offer rare opportunities to land.sharks in the way of ferreting out real or quasi defects in titles, and in this way ennblo them to levy o most exasperating system of blackmnil. Apart from the almost unmistaknble indications of corruption in this job of $45,000,~such ns a sudden change of front by one of the Com- missioners, the refusal of the ring majority to entertain lower bids, or to submit to a postponement in order to obtain the opinion of the Judges of tho Courts, or for any other purpose,—withont taking into account these eartnrks of ** addition, division, and silence,” the abstract job is both a waito of the peo- ple’s money and a Jdamage to their property interests, TODAY'S AMUSEMENTS. MOVICRER'S THEATRE—Madlaon atrest, between Deartorn and Btste, Engagereut of Edwin Adams, “ Cuancarty,” CHICAGO TIHEATRE—Clark atreet, botwoen an dolph aud Lake, * Tom Penryn,” TIOOLEY'S THEATRE—Tandolph street,gbotween Chrk snd LaBalle. Engagement of John Dillon, #'Everybody's Friond™ and “The Green-Eysd Granger.” ADELPHI THEATRE—Dearborn sirest, corner Monroa, * Hand and Glove.” BUSINESS NOTICES. COLOR ATTRACTS THE RYE MORE TIAN form, and hnnos a face with but few natural attescting becomes, whan cluthed with complaxional Juralizoas br +* Laird's Bloom of Youth," tho admired of all obsorvors. Boid by alldruggists, Friday Mornwg, August 30, 1875, Greenbacks, at the New York Gold Ex- change yesterday, opened at 871, and closed a shade higher, the extremes of thae day hav. ing been 87§ nud & Tho Cincinnati Commereial vecognizes the valne of a good thing when it sces it. It hny begun to quoto the gold.premium in the wny,—as the greonback depreciation. vial page begins with this sort of : “The greenback dollar, at the usiness yesterdny, was worth 88} 113 cents lers than o gold dollar,” padin ol i A!sintnmaling compendium of tho viows of leading citizens of Chicago merchauts, bankers, cte., on tho subject of the cur- rency is presented to our readers this morning. Drovity and concikeness have been necorsitated in order to admit of the widest possible range of expression, but in the interviews given cnough is con. tained to demonstrate conclusively the fact that nine-tenths of the best brain and business talent in Chicngo i3 on tho side of hard, actual money, and settled values, ns against an infinitnde of paper scrip and speculativo fluctnation, — ‘WHD ARE THE MONEY-LENDERS P Do the men who denouuce the ** woney- lenders” ns n elass, who aro grinding their fellow-men and consuming the substance of the producers, over ask themselves tho perti. uent quostion, who are the money-lendors of the United States? The demngoguo's cry tgninst money-lenders is on o par with that indulged in 5o extravagantly against corpora- tions in the Legislatnro of Illinois last win- .ter. Twonty-five men, ench having from £500 to $2,000, nud no one having enough by himsolf to engagein the business, com- bine their money and organize as a corporn- tion to engago in tho purchase of raw ma- terinl, to purchase mnchinery, hire Inbor, and convert those matorinls into manufactured goods, DBecnuso theso twenty-five men unite their small capital to do that which they could not do meparately, tho policy of the Legislnturo of Illinois has been to tront them as pirates, and the Democratic orators (and some Republicans) have denounced them ns enemices to the Stato and to mankind, Simi. Jar ignoranco welcomes the equally stupid denuncintion of the money-londers as n class as public enemies. It may bo interesting to know who these money-londers aro, 1. At tho close of 1873, or in the very hoight of tho distross resulling from the panic, thero wero on deposit in the savings banks of nine States, viz.: the six Now England States, Now York, New Jersey, nnd Oalifor- nin, and the City of Chicago, $759,940,632, owned by 2,188,619 different persons, This left twenty-soven other States and Territories not reported. It is safe, however,to placo the whole sum on deposit inall the savings banks of the conntry at $1,000,000,000,which, at 8350 as the average deposit, would give 2,857,285 a8 tho wholo number of depositors. Thesa persous have loaned their money to the sav- inga bauks, in sums ranging from 50 cents up to $1,000, at interest, and the banks lend it out again, thoy ncting as the ngents or brok. ers for the ownors of the monoy. 2, Tho next class is composed of the State banks, say 1,000 in number, which have do- posits nmounting probably to $150,000,000. 8. At the closo of 1874 thero were 2,004 National Banks in operation, having on de- posit $669,068,996, and $493,765,121 capital paid in. A recapitulation of theso detaila will show the following : Later reports from Georgin confirm the dispatchies of yesterdny afternoon coneern- ing the negro insurrection in Washington, Jefferson, and Burke Counties. It is evi. dent that the whites are laboring under great excitement on account of the discovery of a supposed plob among the negroes for o gen- eral massacro; aad, with both sides wrought up to a {over-hent, a fenrful conflict is immi- nent. The Intest advices were to the offcct that n large number of tho alleged insurrection- igts had been arrested, whilst other negroes had surrendered themselves into tho custody of the law officers, and that thero wero enconraging indications of roturning quict. It is carnestly to be hoped that tho situntion Las been exnggernted, nnd that in any case law and not armed violenco will bo resorted to as a romedy. In bisletter to the Secrotary of the Winno- bago County Agricultural Hociety, Mr. Jer- ¥Ensox Davis gives an explanation of his telegram announcing that ho had recalled hia consent to deliver nn nddross at the County Fair, The tono of the letter ia most admi. rablo, showiug that the writer, though sur- prised and dissppointed, is noither hurt nor angry ot the plain-spoken people who ob- jected to him s tho orator of the occasion. Mr. Davis pgives a hint of what his address would bhave been, ‘and it ds clear that distasteful al- | No,or moneye lusions to political questions would Lave . T oy el had no place in his trentment of the intorest. ing E;ubjocu; of transportation and home and foreign markets for the vast surplus product 100,000 stockLoldors in savings banks,. . 100,000 depuritors fn Sate snd privats BUKR (eroiinteeisnrarsrnnns 50,000 stockholders in’ Btate and prie te Lanke, .. . 100,000,000 150,000,000 of the Northwest. Howover, 18 ho is not | s10,000 dsporttora 1t g:g:uog:% wanted, he will not come, It wns a question, | 30,40 stockholders | Ll on ono side, not so much of bitterness ns of n degreo of sensitiveness unfortunate though not reprohonsible ; and, on the other side, of courteons, graceful accoptance of tho situn. tion, with only a neat and delicato hint that it might havo been otherwise. Alr, Davis, letter will certainly make him no onemies in ‘Winnebago Connty. T —— The Town campaign was fairly opened on the Republican aide last ovening at Des Moines, where Kinxwoop, the Governor that was and ia to bo, nddressed o largo and en- thusiastio meeling, His speech was mainly confined to the consideration of two impor- tant issues—tho eurrencyand the temperanco question. Tho lattor is an awkward element in Towa politics, and, if tho Republican party is a3 ovenly balanced as was Gov, Kinxwoon's speech on the subject of licenso ta. probibi. tion, one inust rather ndmiro than cen. ware his success in concealing lis ryenl eentimonts, It was o skillful pieco of stump-speaking to tallk an honr on the temperance question, and in the outcomo leave the audience no wiser than nt the beginning. Although having full confi- denoe in Gov, Kinkwoon's election this all, and being firmly of the opinion that Le will meke ono of the best Governors Towa hay ever had, we yet believe that the non.com- mittal policy iz oot the one to securs the largest majority ; and we shall ba greutly sur- prised if, wheu ho finally gots his campaign harness on, Gov. Kinkwoop does nmot speak out as declsively upon temperance as he has upon finauce. We are, moroover, quite pro- parod to hear that be favora a judicious licenso eystem in preferenco to the complete failure of attempted prohitition, —— 4,037,283 depositors and stockholders OWBING . cenvareennarsiness $2,402,83¢,117 This is the partly estimated number of money-lenders in the United States, and the amount of monoy owned by them nnd loaned through the various banking organizations of tho country, 'We have no means even of es- timating the number of private capitalista who lend their money directly. In sddition to theso there are the many life and fire in- Rurance companies who lend their surplus money on roal estate security. To this class of londers tho people of Chicago were largely indebted for the means to rebuild the city, ‘I'heso companios reprosent a number of lend. ers equal to thenumber of their stockholders. Having thus ascertained approximately the nuwmber of the money-lenders of the country, t is nat out of place to inquire who they aro, Inthe first place, we bave nearly three willions of perions, each having a small sum of money, which is of itself not large enough to bo invested oither securely or profitably ; these persons, by combining their one or two dollurs with some other persons' fives, ffties, and hundreds, are ennbled to place it at inter- est in the hands of the savings-bank manage- ments, who in turn lend it in large sums on profitablo terms to men inall branches of business, Thero are thousands of houses in Chicago which have Leen built or bought by loans from theso savings banks ; the money is als0 loaned on time to manufacturers to be used by them ay wages-fund, and the money of tha depositors is thus used to enable tho employer to carry on his business,—the money going back in weekly installments to the deposttorsto be redeposited in the Lanks, Men in all kinda of trade are borrowers at these banks ; ond the money which, if kept inthe hands of the owners, would bo un- profitabie to them andunproductive to others, is actively employed ns loans inarge or small sums to those engaged in octive and Pproduc- tive labor, . In like manner, the Btate and private banks and the Natfoual Daoks bave {heir capital contributed by ncarly halt a million of por. sony, each having comparatively a sinall suw, which, when combined with that of others, forwu a fund with which to engege In wak. fug loans, In theso bonks aro deposited oth. er hundreds of mlllions of wmoney kLiold by neaily sanillion of persona, It is placed there cu el I i usd us lonus, generally on Mot tine, and Joauel out o merchonts, vantficteres, buitderd, dealers, and traders iu sl kiuds of commeres aud production, A The Chicago produce markets wore gener- ally slow and woak yosterdny, Mesa pork ‘was moderatoly active, and 40¢ per brl lower, clesing at $20.40 cash, and §20.70 for Octo. ber. Lard was dull aud 250 per 100 1bs lower, closing at §13,10 cash, and $13.25@13.90 for October, Meats were quiet and a shado essicr, &t B)@8{o for shoulders, 1240 for short riby, and 124o for short clears. Highwines were more active and steady, at $1.19} per gullon, Lake freights were dull sud uachauged at %o for com to Buffalo, Fiour was qulet and unchanged. Wheat was losa active, snd 1o lower, closing at $1.17¢0 cosh and §1.16 for feptemhier, Corn was slow and 2o lower, slosing at 660 cash and Gio for Beptenibur, Osts wese rather quiet sud 1o lowwy, closing ' THE CHICAGO TRIBUNL: FRIDAY AUGUST 20, 187B. times it ia loaned to be taken into tho conn- try to purchase hogs; the money from the city banks ia thus put into the hands of farm- ers, who in turn put it into the country banks, who lend it to the country merchant to pay for goods, and, as ho exchanges his goods for monoy, he puts tho latter in the country banks. At times it is loaned to pur. chnse grain and flour; at otlier times it is used to pay debts at the East or in Europo ; at times it is loaned to purchaso stocks of Roods ; lonned to purchase iron and wood, paints and oils, and pay wages, that the iron, wooi, pnints, and oils mnay be converted into salable fabrics, It is loaned to purchinse hides, lumber, live-stock ; it is loaned to carry on every legitimato branch of businesa industry, These moneys thus placed in bank in the form of capital and deposits conatitute the active funds by which businoss of every kind is car. ried on, Tho money-lendors of the United States who lonn their money through the agency of banks number over four millious of persons, including in that number persons of every class and oconpation, First, the stockbolders in the Lanks who hold stock from the single shnro of &30 or $100 to sharos amonnting to Inrger sums, Theno stockholders are largely persons of moderate means, and include thou. sands of farmers. In like manner, the aver. ago sum to the credit of each depositor in the savings banks is less than £330, Theso doponitors are tho industrious, sober, thrifty workmen and traders who are saving of thoir daily earnings, andlend their nccumulations on call. Thedepositors in the Stato and National Banks are all men ongaged in activo business; they aro both dopositorsand borrowers, The avernge deposit is not a large one, but the combination of comparatively small sums constituto the aggregato of tho monoy loaned. The morchants, farmers, manufactirers, me. chanics, laborers, widows, and orphan heirs, constitute the ** money-lenders " of tho United States. Theso are the army of * non-produc- ers” who aro said to be enling up the sub- stanco of tho peopl ——— SBWINDLING BANKERS, Polico nuthoritios in large cities have long been in tho habit of making collections of the implements used by the rogues who prey upon the community,—such as slung-shots, jimmies, pistols, knives, falso keys, chisels, knucklers, bludgeons, ete,,~but none of the authoritics have yet exhibited to the publio in these collections the implements nsed by acertain class of bankers in preying upon the community by the practice of the confi- dence game. Such an opportnnity is now offered in the case of Duncay, Snensan & Co. Alongsido of tho jimmies. and knuck- lers, and forged checks, should bo hung, for instance, the official statement of the assets and liabilities, as” rocently filed by the As. rignes in Baukruptcy, showing tho remark- able shrinkego of capital, amounting to its complete dirsipation. .This might ba accom- ponied by samplo copies of the worthless rags held by Duvoaw, Smemman & Co. ns securities, consisting of railroad, mining, and insurance stocks, not worth the paper they are printed on, by a list of the disnatrous speculations in whick they engaged outsido the legitimate chiannels of banking, and by somo of their accommodation swin- dle paper. Such an exposition wonld be ex- tremely interesting, as showing how unsern- pulous bankoers may go on for years, playing their confidenco games upon the public, until at lnst the whole affair ends in collapse, the exhnustion of confidence, and the defranding of thoso who have had dealings with them, ‘The public might learn o useful lesson from it, and the exhibition might also prove useful 83 & warning to other unscrupulous bankers, Taking the summary of DuxoaN, SuerMAN & Co.'s accounts a4 in point, what n showing thoy make! Total copartnership liabilities, $4,010,0181 Total copartnership assets, $1,854,668! Sunk, that is, creditors swin- dled out of, $3,055,415, by a gigantio econfl- dence gnme! It is now nnnounced that they offer to pay 33 per cent to their creditors on time, Creditors had botter take it. They will nover pay as much again, and the possi- bility of 83 per cent ia bettor than nothing, They con Jearn a usefnl lesson from the result of Jar Cooxz & Co.'n failure in this respeot. The assota are figured at $1,864,608. How much they will realizo may be inferred from examining one clasg of nssots, namely, stocks and bonds. It ia s suggestive list: Paterson & Parampo Roilroad, Mobile & Ohio Railrond, Mobilo & Olio consolidated bonds, Mobilo & Alabama Grand Trunk, Arkanssa bonds, Alabama bonds, Mobilo County bonds, Eureka Lake and Yuba Coanal Company, Albert Mining Company, Surprise Valley Mining Company, and 80 on, the list closing with the significont itom, * other items,” the whole footing up the ** estimated market value ” at $567,470,— in reality mainly composed of rags, kites, and paper balloons, averaging, at a gencrous estimate, 10 conts on the dollar! Thero wero other rotten securitios taken in consideration of Ligh rates of interost, and this firm, which enjoyed the respect and confidence of the community, also imposed upon it by ralsing money upon its accommodation swindle drafts, tha stalo resort of very vulgar awin. dlers, With such practices nathese, the confidenco game haa been played for years upon an un- sngpecting community, The six millions of capital of the firm could not bave been lost in a few months, It must have taken years, Whereisit? The two millionsleft is not tho original capital, It s tho creditors’ money. Theso practices wore not only kept up for years, but they were kept up to the very last. The $40,000 out of which the City of Chicago was defrauded, which should bave been s apecial deposit, was taken nt a time whon the firm wasn't worth 30 cents on the dollar, and was paid out to other creditors. Is there no puuishment for anch practices? In England such an operntion with accomodation paper would have conmsigned the confidence op- eratora to the Stale’s Prison for a long term of ycars, Even now the London courtsa are engnged in a vigorous prosecution of the Coitiz Brothers, who failed for & Jlerger amount thau Doxoaw, Suenman & Co,, and who stood aa high in the public esteem a4 tho latter, and who practiced the same general kind of sccommodation confidence game in drawing sgainst imagivary invoices of goods. Ta it not time that all this mawkish sentimentality and sympathy for collapsed bankers, who bave been engaged in frandulent practices, simply because they have stood high in the finsucial world, gave place to some sympathy for defrauded creditors, and to the determina. tion that equal justice shall be admiulstored ¥ ‘I'ie proprietor of a grocery store who swin- dles bia creditorsin one operatlon isbrought up with a sharp turn. Why should an exosption bo made in favor of the proprietors of a bank who havo beeu defrauding thoelr oreditors not in one operatlon, but in a serles of opers- tlons covoriug over a period of years, In & spovies of confidence gawe which only differs from the vulgnr operations on the streot- corners in the amount involved? What possible protection for creditors can thore bo when the Inw takes no cognizance of those gigantic swindlea? Will eredit over Lo safo until these colossal confidenco operators are punished ? It is time to cease seutimentaliz- ing and to talk plainly. It s timo that the courts Intorfered in behnlf of depositors, and that justico overtook theso oporators, who ara linble not only to involve those who have direct dealings with them, but outside parties nlso in no wise concerned with them. Strict justice would send Duvoay, 8uznyax & Co. to the Penitontiary, and that they are not thero only aliows that justice is not strict,— in other words, is partinl, THE QUESTION OF EXPORTS. Naturs would make the United States one of the grentest exporting nations of theworld. It is n truism to say that a man who works produces more than he can himself consume. 1f ho did not do so, thors could not possibly be any accumulation of enpital whatever, Thers would be constaut danger of famine, too, for any unexpected incroase in popula. tion or a single destructive storin inight mako it impossible to produce the requisite amount of food for ench mouth. Moreover, thero could bo no idlers whatever. A man who did not work would surely die. The existenco of capital and leisure is duo to tho fundamental fact that a worker produces more than ho ean him. self consume. In some countries, a very Inrge proportion of the people are unproduc- tive consumers. They live on what the others produce, hnd thus dimioish the ox- portable surplng, In the United States, the namber of non-producers 8 very small, in fact, tiny, Every European traveler notices the fact. Our exportable surplus onght, therefore, to bear a largor proportion to the total annual prodnct than that of akinost any other country. We have, moreover, the grentest natural facilities of any country for the production of wealth, The ripe knowl- edge of tho Old World, and the virgin soil, inexhaustiblo mines, and boundless forests of tho New, aro our heritage. Yet a people of unparalleled energy, backed by all these naturnl advantages, export little except the bulkyand perishable products of the plow and the hoe. Wo send abrond small valne in large spaco. If the laws of Naturo were un- obstructed, we would also export larga value in small space, in the siape of tho compnct and precious products of the anvil and the loom. We would pay our foreign debts with our surplus gold product and with manufac- tured articles, not by shipping the specie we need for a circulating medium, and not by sending over bonds in renowal of the old dues. But our Chineso Wall of a tariff stands in the way. By increasing the cost of count- less raw materials, of labor, of transportation, and by cutting off the imports that, it admit- ted, would stimulate exporting, the tariff coufines the Amcrican manufacturer fo Americn,—to ono country of America We used to supply the world with many lines of goods. Wo supplied Hindostan with better and cheaper cottons than England could produce. Weo drove tho English nx- manufacturers out of the Chinese, the South American, nnd finally ont of the English market. Under free trade, our trade wns mora than imperinl. It is now provincial. PAPAL ASSUMPTIONS, Txe Teisuse of Monday contained the following extract from a remarkable letter nddressed by the Pope to M. Duraxrour, Bishop of Parls, complimenting him on the paasage of the University bill: ‘Though it i» contrary to the eternal laws of justice and o sound resson ta placa tho true and the falns on tho mamo level, to allow to both tho sama rights,— nevertheloss, & the {nlquity of the times has mado right, which by its nature Lelongs only to truth, at- tributed to error, no that the latter i allowed the power, wrongly labolsd with the name of Hverty, to creop in and apresd at its will ita lying theories of edu- cation, we acknowledgo that your conduct bias boen equally wire sud opportune in sooking to oxiract the antidote from the very polson which clvil socfety has imbibed and bears in fta bosor. If tne laws allow the first comor to pub forward the dreams of hls dis- tempered mind as dogmas of sclence, thers is certalnly no reason why truth should not be acoordod the aame liverty, Bofore commenting upon this very remark- able and véry bitter declaration upon Protest- antism, it ia necessary to state that the Uni- versity bill authorizes the clorgy in France to establish clerical schools and universities froo from tho supervision of the Govornment, in which they are at liberty henceforward to toach what thoy plesse,—a privilege which they have not Lad bofore since the Frenoh Revolation. Tho Popo commences his lotter with tho nssumption that *it is contrary to the eter- nal laws of justice and to sound reason to place the true and the false on the same level, to allow to both thesame rights,” Dut what is the truth and what is the error? ‘This must be decided before wo can assume that it is contrary to justice and reason to place thom on the same level, And who is to bo the judgo? -There are in this world one hundred million Protestants who do not beliovo in the assumptions of the Pope, in his infallibility, his dogmas, in his preten. sions that ho holds the keys of Br. Peren, or that he can do any more for the epiritual ben- efit of mankind than other toachers of relig- ion of equal piey. There are alsoin the world two hundred millions of Catholics, millions of whom do not subseribe to all the Pope’s pretensions, especially in his tem. poral pssumptions and political demands, Now, who is to be the judge between these two grest portions of mankind to decide which ia right and which is wrong? If the Pope were, a3 he claima to be, an infallible interpreter, he would have forbidden error,. and his infallibility of judgment would have led him to perceive that the only way of sup- pressing error was by the enlightenment of the erroneous masses, a process which is not now, and never Las Leen, the policy of the Ttoman Curle. There is but one in- fallitle authority, and He {s God, and God haa left mnen free to form their own opinfons in malters of roligious belief and notions, having endowed {hem with con. sclence which points out what is right end what s wrong, Uader this clear authority of the teachings of God, Protestants claim that they have the right of private judgment. ‘The Popo's letter, therefore, starts off with the assuinption that he only has the right to decide botween (ruth and ervor; that he alone 1s right and all others who differ from Liw are wrong : and that there is no truth vxcept the Pope's truth, or the troth as the Pope nees it. All else 1 error, In fluishing bis lotter, we get & glimpse of ervor aa the Pope views it, ‘1 the laws sullow the first comer to put forward the dreama of bia distempered mind ss doguwas of sclence (that i3, Protestantisw), there s certainly mo reason why truth (that is, Catholicism) sbonld wot bo gcoorded the same lberty, That I8 fuir enmough in fts general statement, and It la nrule which Lasfres: workiug in thls coun. try, but tha Papal statemont would havo car- ried more weight with it were it not appar- ent from tha whole tenor of this Jotter that, if he had the physical power, ho would tram. ple tkaso * dogmas of kcience " out of exist. ence, as s predecessors did for centuries during the Dnrk Agoes,—with what complete- ness Dr. Draren has shown in his recent re. markablo work. The spirit still exists in the Romnn Curia, but the pawer lins gone, even in Cntholic countries. Thero is nnother fenture of this letter whioh iu even moro ex- traordinary than its assumptions, and that is the alimost fecling of envy which inspired it, and which cropa out in every expression. Whilo the Roman Catholic Church has ob- tained the permission which it has long cov- oted, of preaching its dogmns in the schools of France without let or hindrance, it looks with ouvious eyes upon the Protestants and Liberals of the samo country, who Lave been accorded the sama privileges, simply beeauso the Popo claims that hie nlone is right and all others are wrong. 'To show the injustice aud illiberal character of this envious spirit, let us make n local np- plication of the whole matter. In the United States, Church and Stata are happily comi- pletely separated, and the freest liberty of conscionce is allowed to all. The right of private judgment is jealously guarded, and any attempt of the State to interfere with tho affairs of tho Church is ay quickly re- sented as an attempt of the Church to dictate in politicnl affairs, The vast masses of the peoplo are Protestants, and they have the physienl and political power, and, wero they 80 disposed, could use it for the suppros- sion of Catholicism as completely as Catholics lave wused it in times past for the suppression of Protestnntism. Of the forty millions of poople in this coun- try, at lenst thirty-five millions disbelievo tho Papal dogmas and assumptions, and will not allow that the Pope is infallible, or that he has any nuthority to decide between truth and error ; and of the other five millions, many havo serious doubts upon these sub- jocts. - Notwithstanding all this, and not- withstanding the froquent efforts. made by Ultramontanism to gnin a foothold of influ- ence in secular sffuirs by o division of the common-school funds, these thirty-five mill- ions of Prolestant people ore ontirely will. ing to tolerato whnt they beliove to be the er- rors of tho other five millions, because thdy beliove in the right of private judgment. They would not even offer an objection to tho Pope's coming here if ko were so disposod, and locating the *‘chair of Sr. Pr- TER” in any part of their country, and they would proteet him in the exercise of his spiritual prerogatives so long as they did not intrench upon the political Hberties of the people. Does it not seem strange, thereforo, that the Pope should not condede to others what he claims for himself and hig Church ? To put it still stronger, doesit not scem strange that the Holy Father, as ho is tormed, the Viceregent of Christ, pretending to teach ond represent the doctrines of Christ, should not allow that liberty of conscience which is 8o clearly sot forth and commended to |* mon by Christ Himself in all His tenchings and in overy part of tho Holy Scriptures? e — ] 0ld Srorey, in o column of swash concern- ing city fipances, snys : ‘Tho appropriatlons for each facal yasr are a lawful clinrga against tho revenus laid for each fiscal yoar, and the law not only maken it & crimtnal offenss, pun- {shablo by Sine not excecding $10,000, to spend more than the amount appropriated, but slso makes it uo- Iuwtul to trauafer or use tho funds appropriated for one purpose to ur for any other purpose. It ‘* tho appropriations for each flscal year aro a lawful chargo against the revenuo laid for each flscal year,” can any oxpenditures be mude before revenues sufficient to pay the same are collected ? 'In previous articles Old Srtoney strenuously insisted that if the City Government created any temporary debt in anticipation of the colloction of taxes it was unlawful and unconstitutional, and that citi- zons shiould prosecute the city authorities for creating it. Will Old Sronzr now oxplain whother the city authoritics can legally ex- pend any monoy boetwoen the time of making the appropriations, say June 80, and the time of the collection of the taxes for the samo flscal year, which willbe thirteen orfour- teen months afterwards? If they may legally perform or causeto be performed any services in behalf of the city after the 80th of June, when the sppropriations are made, will Old Storer be kind-hearted enough ‘to inform people how thoy are to obtain the money to pay for such services boforo the taxes are col- locted? Would it be lawfal or constitutional to borrow temporarily from the banks enough moncy to dofray theso current expenses until tho taxcs are paid on the following July or August? 1f it would bo legal thus to tempo- rarily borrow from the banks, would it be le. gal also to give them a mote,.or voucher, or certificate of indebtedness, stating the sum borrowed and when it will be repaid? If Mr. Broney decides that such note or certificate cannot be given, will he tell what kind of & voucher may lawfully be given tothem? But, if ha docides that no money can be borrowed on any voucher, or certificato, or note, be. twoen thd time the appropriations aro made and the taxes for that year are collectod, will he cxplain how those who serve the city are to be pald? TFor example, how are the policemen, nnd firemen, and public school teachers to be pnid? How aro the con- tractors to bo settled with who have Iaid water-pipe and sower-drains, or who have built new school-houses or bridges, cleaned and repaired stroots, or constructed side. walks ? In what way are all these people to get their money when it is carned ? Will Old SToRky rise and explain ? And then there is balf a milllon of interest on the city debt which falls dae on tho 1st of January of each year. The taxes are not colleoted for six or sevon months afterwards. While heis on his feet, will the old man just inform the Comp- troller how he is to obtain the money to pay this balf year's interest ? If Bromxr says it would be unlawful to borrow money aud give certificates thevefor in anticipation of taxes to ralse the funds to pay this bLalf million of interest, and thus cuta off the Comptroller from the ouly resource at his command, it becomes the old man's duty to ustruct Comptroller Hayzs in the Sronzy method of *ralsing the wind.” Old man, rise and explain. h emmer—— The Toledo Blads is suthority for the statement that WirLiam Arven s sbout to withdraw from the Gubernatorial contest in Ohlo. The rensons given therefor are cer- tainly of a plansible nature, and should tend to assunge tho overwhelming grief which must follow this momentous snnouncement. It isknown that Mr, ALLey, now in the prime of life, ia yet liable to grow old, and is fearful that the wear and tear of a Btate campaign would not be conducive to yobust health, aud it thero {a one thing the Oblo chawpion has an eye to, it is that Le may * husband out lite's taper, and keep the Bame from wasting by ropows.” In othier.woeds, longevity, .ox han not done this, He Lasfalien betwesn tyo atools, Poor Senator | PERJONAL, Gen. Shoridan arrived in Omabs last evenlng, Marifed tourists should avoid tue ** Taigw Mountalu Houne. Paul Bovton writes for the English MALATInG,, and as usual he gets along awimmingly, Becretary Delknap and party left Helons, Mog. tans, ou tho 17th for Carrol and Bismarck. Tne Hon, Willlam Windom, United Statos Bag. alor from Minnesots, is a guest at tha Pacifio, Country people call thia *‘torrible gros % weathor.” It is good for weods, and bugs, anq such, A Now York pnblishing firm lu to briog ont 4 Raes library, which, of courso, csnnot be reag in bed. Franklin W. Spencer, Unitad Btates Attornsy at Galveston, Texas, i o guost at the Grayg Pacitle, Qen. W, T. 8horman arrived at Denver We loes. dny nighit from Cheyeuns, and | 8 for Ldahe Bprings to-day. Prof. 8wlog has returned to superintend work ou bis house, and will resume services in hig chureh Sunday. Joaquin Miller {s esid to have fmmortlized Miss Soldene, all except ber mouth, which hy omitted for want of mpace. Col. C. L. Holden, of Natchez, Miss., thy wealthiest cottou dealer in the Southern Blates, is n late arrival at the Grand Pacifio. expanston,.is the one ruling idea of W. A., nnd to this end he would avoid the troubles and vexations incident to a politieal canvass. It is also remarked, incidentally, that by tak- ing this courso Mr. Arnren oxpoots fo come forth renewed and strengthened, physically and politieally, for the Presidential race in 1876, or any time thereafter for the noxt fifty yenrs, when the great and glorious Domocra- cy shall call upon him to-carry the bnnuer. It's o nice little scheme if it could only be suocessful, Patlenco and length of years will, howavar, bo nccessary to its fruition, A fow days since, Mr, WiLnua T, Stoner as- serted in tha columns of his paper that the City Government ocould be run for $1,500,- 000 por annum. In answer to this assertion, Tue Cmcaco Triounx itemized all the ox- penditures of the city for s yoar, so much for schools, so much for atroets, and so much for ench of the depnrtments, showing the ex- nact amonnts for each, which wero lesa than tho estimntes of the Comptroller, and less than the amounts asked for by the depnrt. menta, Tue Triuye showed that tho nggre- gato of these exponditures was sbout five million, and a quarter, and ealled upon Mr, StorrY to produce hia itemized bill of ex. penditures nnd show how he could run the city upon a million and a half. This he has Iailed to do. He has mado no oxplanation ; furnished no proof of his assertion. Wo now call upon him again | Brown, the Princeton chomist who bas s either to furnish the {tems showing | breach-of-promise nuit oo his haods, coomders low tho city con be run upon a it the most curious ratort he ever euocountered, Don't eat bad posches. No, Give them ta the neighbore' little boys, who throw dornicks over into your back yard. Retura good for evil, Borgh mays that s womanlfwho will keep o oanary in & eago has no hestt. Does he wan svery woman to have a bird singing in herheart? Tlio brute, J. Chapman Swith, A. B. Leo, W. O. Campbell, John McdMillan, T. J. Mooronouso. and John Hendaraon, of the Toronto Yaobt Ulub, arrived at tho Grand Paciflo yesterday mornin», ‘* Blxtoen brothera in o bar-roo:: all atapping up to the counter at once and calling ..r whigky Atralght,” was one of tho notable {ncidents of tha day-of the banging at ‘Tazewell, Tonn, Morton D, Maine, head clork of the Windsor Hotol of Naw York, stoppod at the (rand Ps. ciflo yesterday on his way to Ban Francirco, whora he takes a leading pasition at' the Palacs Hotol, Tho Ray. J. H. Walker, of the Ttennlon Pres. byterian Oburoh, who has besn abrent for sey- eral weoks with his elck wifo in Tows, returned with ber to tho city yestorday, and will be at his post Sunday. Tho dear publio {s {nformed by an enterpris- ing correspondont that Jenny Lind's husband's head is ‘¢ bald rud ebiny as a whito bean.” Itis #aid that he loat his hair by bard study, but the faferenco is that Jeany Lind horsolf did the studying. Bome strangs fatality weems to hover around almost all the good hotel-olerks that have cowe to this citv witbin the past yoar. To-day Mr A. W. Oarter, of the Palmer House, leaves for Bt. Louis, where he takes charge of the oflics oy tho Liadell Hotel, Mr. Beecher's audience fu ths Whits Moun. tains Liss outgrown the Twin-Mouotain Houss, and ho proposes to borrow a tent capabls of bolding 2,500 persons for futare mervices. Tha Plymontls pastor sooms detoralned to mako s tioly show of himsol?, Boaled proposals havo bsen made to Jeft Davis to bacomn Pregidect of the fomale collexe st Columbus, Ga. Hopo he will tane LA hoop-skirta along. Of course, hialate sdvonturs io & Southorn slooping-car has emincatly qualie fod bim for the position, A Barstogs letter to the New York Erpress, giviog au account of = bali at Cougreas Hall o the night of the 14th inat., makes mentlon of the followlng Chicago Iadles among thoss present: Mrs. Lewis, black silk snd dismonds; Mre Gontry, blsok silic train and diamouda, ‘When Androw Johnaoa was Governor of Ten- nessec, an ex-blacksmith was Clief-Justice of the Bupreme Court, and the Governor with his own hande.made & voas for the Chiaf-Juatice, while the Ohief-Juatica went to forge and made s shovel and tongs to present to the Governor. The American Rifle Toans will he received {a Now York Saturday in grand style. There will bo a zalute at tho Battory on the arrival of the ‘Team, & procession in which four or fivo regl- mouts will take part, s spsech of welcome by the Mayor, s banquet, and & presentation of soze auttable teatimonlal. ‘Why, of vonrse, T TrinuNxz might elevale ita hyphen if it chose, as the Philadelphin Times suggests, and come out sa the Tribune-Demo- cralio Press-Democral. The Evening Journalis the only paper in Chicago which {4 not entitled to anoiher namo and & Lyphen. The Timss might be callod the Times-Herald, Louisville Courfer-Journal: The mortoary reports of the country show that more unmarried people die than any other kind, This comes feom the fact that many of the departed were fo- male 1ofante, who, though anxious enough %o mairy, ware prohibited Ly a lingering prejadice until the cholora-infantum sostched them awsy. Two prominent Philadelphis Iawyers, Mealr snd Hagrerty, quarreled, and aduol was srranged between them. As moonss possible after ths chailouge had been socapted both of tham stole ont of town under cover of night, and flad ik ull possessed for the ultermost parts of the earth, They msy meet in Chins and bave 1t ouh afterall, Preaident Grant and his son wora left alonsio & sleoping-car {o the Buffalo depot from mid nigbt of Bonday uutil the departure of the 4:35 trala on Moodsy morniog. The Utloa Herald thinks it was very shabby of tha Duffalo people 1o treat the Preaidens so, What ooatd they do with the President betwsen midnight aod moralog ? They tell a pretty story of a Chicsgo girl &% Watch Hill, R.1, Bheissald to be about 13 yeani of ago, and the prettiost girl at the place. Forslong ime ayoung dootor followed ber about, though Lespiog m respectful distanca He bad never been introduced. But one morde iug the aly miss went batbing when the young doctor wae within easy balliog distance. Youog mlus waded into deep water, lost her footing, turned her protty tosa up to the san, aud dug gravel with her taper filngers. Horrible! The youug doctor rushed to the rescus, pulled the girl ashors, revived her, and is going to msrry ber. Waa it malden forethought, or lonocence? Mamumas of the North Bide, whatdo you thiok about it ? * million and a half of dollnars or retract his statement. If Mr, Sronzy bolleves what he said, he cortninly can show why he said it, and furnish proofs of its truth, If he did not beliove it, e hasno right to impose upon his renders with such a falachood any longer. Once more, will Mr. Sroner furnish his itemized bill showing how the city can be run npon A million and a half of dollars, or will ho retract? Mr. Hexne R. Esiorr tells s pretty Arabic fahlo with a freo-trado moral in a lottor to tho New York Krening Post from Gibraltar. Thers was onco a tower at Cadiz, on which stood an idol. *It {s notorious,” snys an historian, *that go long as tho idol on the tower of Cadiz wtood,’ it proventsd the winds from blowing ncross tha straits fnto tho ocenn, aud no large vessola could eail from the Mediterranonn to or from tho ocoan, but whon it waspulled down th0 rpoll was birokon, and vessols of all descrip- tions began to furrow the sea. Tho gossiping historiau goos on to #ay that there was a tradi- dition that a great treasure was concealed bo- neath tho idol, but when the latter was dis- lodged, and search mado, nothing was found. Mr. Erttorr baa mno doubt that the idol was erocted in lonor of Protectionandas s type of i, Tor it provonted commerce, waa suppowed to contain great wealth—and held none. —_— A story that will not do for a Sucday-schoo . book comos from Now Haven, Conn, There was & boy who stole some apples. From every moral point of view ho ought to have gorged htmself witl: the groen fruit, suffered intonsely, repont~ cd at tho lost moment, and died. But the ap- ples, fnstead of destraying bis lifo, avedit. A hotse kicked himn Lard enough to il bim, had not the apples hid under his shirt broken tho forco of the blow. Il eacape is caleniated to cayt suspicion on the ways in which Providence wotks. If ho had not atolen, he wanld have {1 lustrated tho adago that the good die young. POLITICAL NOTES, William Allen flew his kits Defors the astonished pecple 3 1ta rog-and-bob-tail fn fts Alght Qat tangled In » stoople. Gons into training, Camptroller Hopkins, of New York, bas an- nounced that ho will not be & candidate for re- election, Thia resolution has overcome him Uke a summer cloud since he bus been charged with complicity in the canal frauds, Banator Doresy, of Arkansag, ls chsrmng around as a Roformer, He isn living monument to the grace, morey, and peace of tho Garland QGovernment. He ia reported to have the great est confldence in Qov. Garland; snd of coursa it is understood that he hankers for an offioe of some kind, Gov. Tilden has not paralysis. The New York Sun Is at some pains to explain that the obliquity of hia vision i8 caused by a recont surgical opora- tiony and 28 to tho other symptoms mentioned by Perkins, the Sun esys they ato of oven less Importance. Dot Ailes, of Obio, really Is a paralgtio, Gon. Bhierman's visit to & Sundsy-school in Miunesota has stirred the bile of various Demo- cratic editors, who dotoct in 1t symptoms of & Hist-torm fover. Why, can anybody who goos to Bunday-achool be s cendidate for Presidunt ? It 8o, plesso onlargs the accommodations in this neighborhood, Ex-Sonstor Fenton lJunched with President Grant daring the late Western trip, and It is supposed overturea toward roconcilistion were made. Footon is not ureconoilable. He waa suxious to tako tho President off to hia own house and anteitain him, but this programme waa not found convenient. A correspondent writes: *'Allen’s faith that ho {a to bo the mext President {saimple and touching. When one of hla familiars, in tho stylo of true courtier, eald to him, *Governor, you will bs the next Democratlo candldate for Presfdent,’ be roplied, *Well, by —, air, It would ba just my luck to be elected.'” 1If this should be Allen's luck, it woald be the desth of the counulry, Bomething like & wall, ia It not, for the Cin- cinnati Enquirer 10 eay that the Dowmooratlo partyin Ohio nesds orgavization badly? * With- out organization,” contioues thy Enguirer, ' tho discipliued followsrs of the Money Power can- not be met.” A few weoka sgo the Enquirer prodicted s Demooratio victory by 25,000 majori. ity ; now it bas takou to double-lesdad appeals for organization. The chango ls significant. The New York Times correapondent, who 18 stumping Ohlo, givey what he belleves to be the true lnstozy of tha inflation plank In the Ohio platform. Ha lotimates that the prime movers {n the matter were in about the same fix s the distinguished Ohicago flnanciers, who senton & petition to Congresa last winter for more blood- sealed currency, and, when their request was re- incontinently went into bankruptoy, s s atoryof haavy purchases of coal-lauds for » speculation, aud of a fall of prnices that not ouly cuts off all hopes of profit, but tho prospest of a safe withdrawal of the money ad- vancedsand pald down. A claver and, tolersbly sccurate disgnoais of Mr, Thorman's complaint {s made by the Npring- flold Kepublican, It does not think that he has loat all, chance of political resuscitation. The American people bave short memories sud large capacities for forgivenesa. But, with the most favaorable oondisious, forgiveness will bo & work HOTRL ABRIVALE, Patoter Hous—J. M, Docksry, Wissaaipply 1T, B Barroll, Vieghifa: 7, L. Blewach, Lacaing | Jobs o Oliver, ‘Mempbis | ‘George Russell, England; R. ltickerd, New York; B. K. amble,' Natchox ; 0uy Ee Farqubar, Pennay! H, L, Thomas, Toledo! B« D. Gradl, Pittaburg ; J, Lee Warnar, Alaj. K, Oouilllv Eoglaud’; T, W, Bostan; 4.'0, Maitlnd, Loo* dous J. K, 'Moors, Omaba; ‘W, H, Hamliivo, 8t z’au"n U, iflller, Dos Moinos; L f, Eames, Ola¥3} as, New of time. My, Thurman has lost bi chaase for | Yorks fons Bvarit, Lowtin i Hufds Renion, Us & the Democratio nomination naxt year, sod in [ A:: W, I Hahn, Niw Yok) BB Guodricts dolog this bas probably lost his only chance of u;{:,‘“ dex:n'u. ’nrb‘%:m" f” ek E.0. reacbiog the White Houss. It wes not s bad | moss, Nushville,...Grand Pacife—Judge W Pr o chaaoe, eittier. The sectional argument, was n [ £5ave: Indians § i Bar. U, N bia '“o:'u‘:‘l’ noh D;moc;n fo M;n- Weat was York cu:‘h:“:fuaa':“}ak"u t, Whesling i.fa"-l': . more available than ke, 1f ho had uot wacrificed lor, Bpi § John Hutchios, e himself to the supposed necessilies of the party, m"’ '!;‘.‘. .‘v':.' o'c?i:mx;“m :{' i"u‘-'i," ‘:"'t‘“‘; e would be to-day the most promlinent candi- ner, ae g W, Housioo, Tezaa; A House—), " Trown, Jacksou; Gaatge D, Grabsm, Rock Telsud ; E. O, Rolerts, Delol ury, Kausas' Ci George W, Hiatl A, O. Warbsr, ltockford.. - S Legtusyore otk ona Ol Gutuey s o O ausport ¢ obn LF Fedecort, Docatur &, O. Tauney. Baston i m.org' MeNully, How Orlssss 1 8, W, radley, Kocktordifs Miaaa, b'"“"&" L. Wyna, Beu Nrenusss} Buuss, Clevelas date beforo tle people. Aud his sacrifice was quite unnecossary. He might have stopped a long way whort of polisiosl martyraom, and atill bave extricated himsslf from his sorape in com- paratively good condition, He might have atood @rm by his principles, yob wupposted his party #8 & chiolce of evils. He mught have declared tliat the ousrenoy resolution of the Oblo Demos- raoy was o great bluader, yoi Lin ubmitted to 1t as Lueyitable nud dovwed 1o d Bub be Hoar, Houghtoo § Sy