Chicago Daily Tribune Newspaper, August 24, 1875, Page 4

4 TERMS OF THE TRIBUNE. RATES OF RTARCRITTION (FATATLE TN ADVANCR). Postaze Irepald at this Ofice, Wenkly, ) "'"(4,, s it R Bunday Ki Ten cupla: Gonbia shoat 2.00 Partn of sear at the snms rate, WANTZD—One active agent In each town and village, Bpoctal arrangements mado with auch, Specimen coples sant free, To prevent delay and misinkes, be Fura and pive Post-Office address in full, Including Stateand Conunty, Remittauces may be mado either by draft, express, Poat-0ffice order, or in regiatered lettors, at our risk, TERMS TO CITY AUDSCRINERS, Dally, dellversd, Aunday bxcepted, 223 conta per week, Dauly, dellvered, Sundsy included, 30 centa per week, Address THE TRIBUNE COMPANY, Oarner Madizon and Dearborn-ats., Chicago, il TD DAY'S 'AMUSEMENTS. MOVICKER'S TIEATRE~Madiron wireet, briwern Dearborn and State. Eugagement of Edwin Adams, ** Qlancarty,* ADELPHI THTATRI Monros, *The Days of "il g'uuborn sireet, corner CHICAGO TAEATRE~Clark sirest, hetween Ran- dolph snd Lake, “ Uld Heads and Young Hearta,” TIOOLEY'S TIIEATRE—Randolph strest, between Clark snd 1a8alle, Ennngt!ntn‘ of John Dillon, * The Lancashiro Lass,” Ohe Chitagy Tribune, Tuesdsy Morning, August 24, 1875. Greenbacks at the New York Gold Ex- change yesterday opencd at 83}, fell to 884, and closed at a shade below the oponing price. The receipts of tho New York canals the present season to Aup. 15 wero $704,247, n falling off, as compared with last year, of $706,850. Judge Tarr is rendering good service in the Ohio campnign. Ho addressed o large meeting in Cleveland yesterday, devoting himself for tiwo hours to the sehool question, which ho treated in a calm, loglu\!. and im- preasive manner, without ncrimony or undue personality. e condemned tho pricsthood for their Interferonce with the system of freo ednention, and their attempts to destroy the common public schools, which, he held, shonld be kept absolutely freo from sectarian- ism, bo the snme Protestant or Cathiolie. It is snid that the specch created n profound impressivn. 8ir Dovaras onsyra, the glish Envoy to an Indian Court, had n curiony experienco recently upon n point of etiquette. Ordinary Eavoys are required to approach tho majesty of the Court barefooted across a muddy cor- ridor. Tho English Envoy hesitated, and at 1ast refused to walk barefooted in the mud. The Indian Court ihereupon offered to com- promise by laying down n carpet if the Envoy would take off his boots, After rome con- sideration he comsented, and took off his boots. Although bootless himself, hia errand ‘was not, Ho obtained the concessions he sought. The Attorney-General claims that injustico haa beon done him in the article in Saturday's ‘Cainoxz commenting on his opinion to the State Bonrd of Equalization, Ho ndmits that the resolation of inquiry ns to tho meaning of the third section of tho Revenuo law ny nmended last winter, asking him to give the Bonrd his understanding theroof, wns written by himsclf and was in his own handwriting when read by tho Seceretary to tho Board. But Mr. Epsazy says he wns requested by Afr. Mies, ono of tho members, to frame for him the interrogatory, as Mr. Mires in- tonded to offer such a resolution before tho '"Board, and 'that ho merely complied with that gentleman's request, Wo aro bound to acoept the Attorney-General's version of the mattor na the correct one. The Attorney- General also says that the momber of the Yegislaturo who informod us that he rovised tho smondment to the third section to avoid doublo tazation of companies is in error, as the amendment he revised at tho request of a ‘member belonged to nnother than the third voction aforesaid. - Tho sixteonth annual report of tho Chiengo & Northwestorn Railway Compnany has just been issued. Tho report covers tho year ending May 31, 1875, and shows total earn- ings from all sources, upon tho 1,500 miles of roud owned by the Company, sbout $12,- 750,000, and upon proprietary ronds, ahout 500 miles, $1,078,576.67. Upon the lines owned thero wns a decrease in gross earnings of §1,702,398,08, or about 12 per cent, from the preceding year; but there was also o de- cronse of operating expenses amounting to $1, 840,750.67, or about 14} per cont. The receipts of the Northwestern Railroad proper exceeded tho operating expenses, taxes, fire-losses, romewals, oto., in the sum of $4,760,000 in round numbers; H while in the casa of tholeased lines the ex- ponso of operating, taxes, and interest on bonds excoeded tha receipts and left o defieit of $847,001.16 to be deducted from tho net earnings of tho Northwestern proper; so that the combined net incomo for tha year upon the 1,990.78 miles of rond owned and woperated, after deducting operating cxpenses, interest on bonds, and sinking-fund account, premium on gold coupons, interest and ex. change, Tniled States and other taxes, rent of Town Toads, and adjustment of old Galenn stock, anounted to $518,266,38, In his ro- port, the Presidont statos that more than one- halt the falling off in receipts was the re. sult of reducod tates for passenger and freight trafle, owing mainly to rallway “regulation” by tho States of Ilinols, Iown, Minnesots, and Wisconsin in particular, The rcmainder of tho decrease in enrnings is uccaunted for by the genaral depression of business and the stagnation in the iron trado, Among the encouraging prospects wmon- tioned by Mr, Kexe is tho snticipated ropeal of damoging legislativa enactments in Wis- consin and Iowa, while on improvement in guneral trafic is confidently predicted. —— The Ch!uga produce markets were goner- ally atrong yosterday, except in wheat and flour, Mess pork was in fuir demand, and 156@25¢ per brl higher, closing at $20.85 cash, and $20.90 for October. Lard was quiet, and 150 per 100 Ibs higher, closing weak at $18,25 cash, and $13.37} asked for October. Mecats were more activo aud easler, st Bjo for shoulders, 11j0 for short ribs, and 120 for short clears, Mighwines were quiet and uteady, at $1,19} per gallon, Luke freights wero dull, and quoted at 2o for corn to Buffalo, Flour was quiot and easicr, Wheat was less active, and 2c lower, clos- ing ot 81.18§ cash aud $1.13} for Scptew. ber. Corn was active, and 1@lc higher, closing weak ot 67)0 cash and U} fur Sup: tember. Oats were nctive and §@1c Ligher, eloiing at 89} cash and 36]e for September, n; © was lo good demacd, and firmer ot 82@ . 8 ja Baley was dull and esder, cloilug s $1.02 for September. Hogs were in strong demand and were stendy and unchanged. Salea chiefly at $7.75@8.00. Cattlo were dull and nominally lower, Slmop wero in- active. One hundred dollars in gold would Luy 211325 in greenbacks at the close. The enormous frands of the \Vlunky Ring, which are in themselves mufficiently sensa- tional, nro not to pass into history un- spiced by a tragic clement. Ever since the first exposures burst npon the startled country the mighty ngencies of tho Gov- ernment have Leen mecrotly but relontlesse ly dirceted toward the accummlation of evidenco necessary to make the develop- ments more complete and the punixhment more thorough ; and even the shallow delu. sion that Becretary Iintstow’s vigorous prose- cution of the war upon illisit distillers and cormpt offieinls was not in harmony with the views of President (GnasT Was swept away by the latter’s recent severe and unmistakn. ble expression of more than approval of the policy of detection and retribution, Driven to desperation by the absolute certnintyof imprisonment, disgrace, and ruin, the gmlty knavea Lave had recourss to nssnssina. tion as a moans of sealing the mouths of drended witnesses, Chicngo was the gcens of the first attempt to suppress damnging testimony by murder, which, in this case, barely failed of accomplishment, The intended victim wns, or was thought to be, tho undoubted possessor of facts which would result in wholesale conviction of partics :mphcnled in- the revenuo frauds— parties, it i3 said, many of whom nre of high social and official standing, and whoso names have not thus far been publicly conmected with the frands. The hired nssassin narrowly missed a vital spot, and the wounded witness has been con- vv:‘.d ton ]vh\cu of safety. Althongh occur- ing at night in the streets of Chicago four dnys ngo, the matter was kept absolutely secret, and was first ascertained by Tng Trin- vsr's Washington correspondent. Gen, Wen. strn, Collector of Internal Revenue,while sur- prised that the affair should have leaked out, confirms our account in every particular. ‘The wonld-bo murderer is still at large, and will probably remain unidentified, as he was carefnl to concenl his face when he fired his pistol. is employers havo tried briberyand newspaper subsidies to little purpose if the taking of humnn lifo was necessary for their snfety. "They have failed, through no lack of effort and intention, to add murder to their other crimes. INDIANA DEMOCRACY AND THE PRESI- DENCY, The Democracy of Indiann are seriously perplexed by the position taken by the Dem- ocrats of Ohio. In point of fact, the Demo- crats of Indiana have better and abler leadors than thosa of Ohio. They have Hrxpnicks, McDoxarp, Ninnack, Horans, and Kenn,— all of them men of sagacity and power. Kran and Horyax bave always exercised Inrge influenco in Congress, even with a two- thirds Republican majority against them. Indinnn has had o candidate for President in the person of HeNpnicks ever sinco Dovoras died. Ohio Las also had a candidate, and in the nominating conventions, somehow or an- other, it was nover convenient for the Ohio delegates to voto for Hexpnicks or the In- dinnn delegates to vote for PeNpLETON, when by so doing the vote would amount to anything. The boldnoss of the new do- parture in Ohio in raising the banner of rag-monoy, ovidently to forca the whole party to toke a rag-money candidate in 1876, ond that candidato from Ohio, hns embarrassed the party in Indinnn, Mr. Hey. onicks, though within threo hours’ trave] of all parts of Obio, hns not visited that Sfate tonid the venerablo Wintmax Arien, In. deed, he has spent the summer at Saratogs, hob-nobbing with the friends of Trupex and the other uncompromising friends of hard money, at the samo time sending word back that he hoped tho Democrats would carry Ohio! As well ns we cau make out, Mr, Heypnicrs' position on the hard-money as well s the rag-money platforms is, that, like tho cantious man when intorrogated ns to the Muno law, he was in faver of both platforms, but opposed to the execution of either! Mr. Kenz, on avowed hard-money man, has not boen invited to Ohio. Mr. Horyay, who declares that n return to hard money fa the only honest policy that can be adopted, has not yet been heard of in Ohio. Senator Mo- Donarp, who won an election to the United States Sennto last year by abold and brilliant denunciation of Dax Voonuees' repudiation platform and in favor of specie payments, has made a speech in Ohio on general pol- itica. On tho financial questionhedeclared: 1, That ho adhered firmly to the old Demo- cratic principle, that the normal con. dition of tho finances of this country should be a specie basis. 2, That o nation, driven out of this normal condition by any cxtraordinary circumstances, must lose its position in tho markets of the world unless it returns to specie payments ns soon ns tho extraordinary circumstances cease to operate. 8. Ho wns opposed to any violent Governmental interforenco to change values, proferring to leavo thinga alone until the business of the country shall so reform things that thero will bs no longer any differ. enco between n gold and a paper dollar. 4, Ho was opposed to any connection between the Government and the banks, and would like the National Banks gradunlly oxtin. guished. 5, Ilo nevor belioved that Copgress Lad any power to make greenbacks a legnl- tender, though the Government had full power to issuc Trensury notes, leaving the people freo 1o uso them a4 currency or nat, Ilow this doctrine was received by the Olio rag-money party we do not know; it Is diametrically opposed to their pln!fonn and to their prospective candidate, It will be seen that the Indiuna Seuntor doos not recedo from bis position that the prosent or any future issue of legal-tenders is violative of the Countllutmn, which gives Congress no power * to coin woney aut of paper.” That sounds very omiuously forn new lsaue of groenbacks to au iudefinite smount. It is substantinlly a protest agrinst the entire policy and candidacy of the Okio Democracy. Qov, Hexppioxs, in the meantime, keops in tho retiracy of his tent at Indiapapolis. e looka to the greenback peopls of Obio to slaughtor TiLpex and the hard.money men of New York and of other States, hoping that the latter in revenge will take the sufe utates- man of Indiana who nover sald a word for DBin Avves, and who has no cunvictious on the question which he s not willing to yield cither for a nominationor an election. If there i3 to be a Democratio President elected in 1876, we in 1llinois would as soon that he be taken from Indiann as not, But Mr. Hew- puicke i playing & dangerous game, While sfiowing the ‘lildonites that he is mot in sympathy with the rag-money people of Ohlo, ke biaa put out an anchor to windward by rev- olutionizing bis organ, the Indianny:)ls Sene THE CHICAGU 'TKIBUN g\ SDAY, AUGUST s THE CHIUAGU LIIBUNE: TUBSDAY, AUGUST R, 1875 1875. tinel, the announcement of which roads thus : Spectal Diiatch to The Phteaga Tribuns, TNDIANAPOLIS, Ind., Aug, 22.—The expectad editortal clhnnga fn the Seattnel I8 annonaced thin marniug, Mr. O'CoNxoR retites, with a atatement thal 8 new policy in ln- conduct of th will begiu, This mesns sn ahandonment of strict hard-money {dear, and the advocey of inflation navepresented fn tho Onio Democratie plstform, R, J. L. Marznzws, fors merly of the New Albsny Ledaer, i the new editor, "This is taking the atop backward. It will be recognized tho country over that the Hexpnicss Demoeracy propose to contest withs the Ohio mon the championship of rag- money, while their candidate is to keep silent and bo ready to receiva the support of all factions. The gnme will not be a succesaful one. The change of tho Sentinel to nrag- mounoy paper will place Mr. HeNpricrs on the same platform with Pryoretoy, The hard-money people aro contending not only for principle, but for the rescus of the nation from hankruptey, and if in the Inst alternntive they will have to choose n candi- date from Indinun to defent the man from Oliio, it is moro than probabls that they will aclect Sonator McDoxatp, who hng won the confidence of all factions of his party Ly his fearless adherence to sound principlo, and national as well as individual integrity. TRE WHII‘E FROST VISITATION. The white frosts of Saturday and Sunday nights were felt more or less throughout Northern Iilinois, but do not appear to have been very injurious or destructive m\ywhcra in this State. In some localities in the northwestern counties tobacco has received somo injury, garden vegetables have been damaged a little, and corn in low places has been nipped somewhat. To what extent it has been damaged will not be fully and clearly known for a few days, but the belicf now is that tho growing crops of this State havo escaped with comparatively slight dam- age. Farther north the frost has, ns might be expected, been more severe, Wisconsin lfns suffered considernbly more than Illinois, but the actual damnge may not prova very serious to corn or vegetables. Small grain, of course, is out of danger, having ripened before the frost camo, - But Wisconsin, whilo producing considerable corn, is not a grent corn State. Michigan, Minnesota, and JIowa have hore and thers been visited by frost, tho corn and tobacco on the low Iands in Wiscon- sin suffering seriously. Reports from Michi- gan aro meagre, but it is to be presumed that little damage has boen done in thatState, From the mass of dispatches received we are hardly warranted in hazarding an estimata of tho general loss, but it is mafe to eay that Northern Illinois hins so far had the worst of this untimely visit of the Frost King. Having cscaped the danger of a sovers freezo during Saturday and Sunday nights, there need not be much apprehension of a repetition of those visita of Jack Frost for several weeks,—perhaps o month to come, At lenst that is the fair presumption from the experience of former yonrs, Our readers will remember the hard frost on the night of Sept. 2, 18539, which killed tho leaves of corn and vines thronghout n wido expanso in the West on all low grounds, and oven on high grounds in many parts of the couniry. The damage inflicted aggrogated many mill- ions of dollars, There was another severo visitation of frost twelve years ago om tho nights of Aug, 29 and 80, which roached most of this State, and was very destructive to corn, sorghum, potatoes, and other green crops. Wisconsin and Iowa also suffered badly, It extended east over much of In- dinng, Blichigan, and into Ohio, doing great mischief. Tho loss to the farmers that year amounted to tens of millions of dollars, Spoiled corn was the rule rather than the exception. It will bo remembered that water frozo in many places a quarter of an inch in thickness. No reports have roached us yet of the recent Irost which indicates any such degreo of cold in the Western States. But it was o narrow chance. A killing frost throughout the West at this time would inflict incalculable loss, becauso corn is tho great staple ecrop in greater part of the Western Stntes, But there has been enough frost to create n flut- ter in the market and make speculation lively, for o few days at least, and until tho exact oxtent of the damage is ascertained. The corn crop this season is unusually large, and the rains have bean of moro bene. fit than damago to it, on the whole. We may make ample allowauce for the destruc- tion caused by the floods a couple of weoks ago, and by the recent frost, and then confi. dontly anticipate a good aversgs yield. Ac- cording to the signs noted Ly the farmers, frost at this season is only expected after an intorval of ono month from tho time it firut comes. A reasouable amount of warm weath- or will serve to ripon the corn before that time, and the yiold will in all probability bs abundant, BUNROIRG JORN BULL, In 1867, the Republioof Hondaras in Cen- tral America owed $600,000, borrowed forty yenra before, on which it hnd paid no inter. est, As it wos not probable that any of the londors of this sum were still alive, and the possibility of detection waa therefore small, Honduras decided to bunko England out of somothing moro. In the gamo of * beggar your meighbor” that followed, it iu difficult to say who was the most successful swindler, and who the most deceived dupe. The Ropublic was responsible for the whole transaction, but it got less than a fourth of the money squoezed out of the British pub- lie. Tho sgonts tricked each othar, Every- body tried to trick everybody else, and pretty nearly overybody succeeded. Within three years, the Ionduras Minister at London, Don Carros Guriernez, and his confederates sold £30,000,000 of bonda at about 80, Mesers, Biscuorrsueix and Gorpacamipr, who have recently made a great to-do abuut the dlshon. osty of the Erle management, wero employed to float the Honduras bonds, They did o by tho most approved means, Falso quo- {atlons were inserted in the papers. Faléo purchases were made at ficti- tious prices. DBrokors, duly hived for the purpose, offered premiums for allotments of llonduras bonds, Besides these ordinary mothods of swindling, one unique piece of rascality was perpetrated. One of the loans waa secured by the produce of mshogany and dye.woods from the Government forests, It was announced that all this produce would be forwarded to Biscnorvsuxix and Gorp. 8oEMIDT, who would sell it and use the pro- coeda to pay the interost on the bonds, and 1o form a sinking-fund for thelr redomption. The fivs! money eaptured by the conspirators, was used to buy four cargoes of dye.woods and mahogany from traders, and these were shipped to the London firm and duly an. nounced in the mouey article of the 1'imes e **consigned to Mosars. Disomory. sueit and GowpscuMipT on account of the Tondurss Rallway loan” Their prompt arzival stlmulated subscriptions. In theso and similar ways, the £30,000,000 of Donds wero denwd of, and John Bull was bunkoed out of §24,000,000 eash, The profits of Guriknrez and his pals ean be inferred from the fact that the Honduras Government got only $3.500,000 of this, The rest was absorbed iu *comtnissions,” not to suy Lribes, The investigation into these transactions by n Committea of tho Ilouse of Comnions has shown that British bondholders are moro the dupes of British brokers than of foreign rogues, 'Tho brokers sell the worthless bonds, Without their ready help, this would not be done. 'Tho Raitroad Guzelte of the 21t inst, contains tho following explanation of the way the frands are committed : Suppose, for {natance, we lave a loan of $3,000,000 to place for the Band Prairie Wailrovd,—a line nat yot budlt, but which bas great expe:tations, which unfor- tunatety aro ot very well appreciated, or even known atall to English investors, To Induce oue Lobidon tankers to placo it, we agreo thal (hoy shall have s literal comminsion on sll sales, anid the option to take, #ay haif the loan, at 64, while (he lssus price shall Le 90, The prospectus i publishod and bids fuvited, Tho firm placing the loan sees to it that applications aro made where thoy will be heard of ; certain brokers will be beard offming premlums for lllohnenln § sune dry fnancial Journals will be found to say that *Bsud Prairie allotmonts are taken at i to 1 per cont pre. mlum;" the impreasion is created that tho bonds wilt be worlh more thauis askod for them by the nego- tiators as %oon as they are allotted; snd A large part of the lnveating publiz, which farms its opinfous of value from what appears to be tho rullng oplnlon, subscribes for the bonds, Perhiaps not all are sub. scribed for; but mo many that the nequlisting firm seen lts way cloar o a profit on tho $2,500,000 at 68, for walch {t bas an option. Eay $3,510,000 fs subscribed for. ‘Then tho baukers take thoir $1,501,000 at G5, turn over $1,000,000 to tlio aubacribera at 90, and coutinue the litile games by which they expect to austain the markit, and finally sell the othier $1,50),000 at a profit, We will 8o in money articles and Gcancial journ: 1s the announcement that **eubscriptions for the $3,000,000 Sand Pralric first-mortgaga aterling 7e, {ssued at 9), amounted to $1,/01,000, and wo hear that the bonds bring s premium on the lasuo price,” 1f th bankers succeed in makinyg a markat, they will probably get rid of tho whols amount for which tiey subscribed at or near the lasua price, when thiey will let tho warket take its own course, and Sand Prairia bonds will s00n bring their real value, bo tho aame move or less, THE BREAT HASSAOH“SETTS BORE. The Hoosne Punnel was n bore for twenty years in more senscs than one. While tho contractors were bouing through thoe hard, granite mountain, the public was bored with apasmodic postponements of its completion and constant iterntion of tho details of con- struction. It heenme to Ameriea more than the Mount Cenis 'Tunnel was to Europo. We were taught to believe that, when dene, it would not morely ba the most magnificent specimen of engineoring on rocord, but that it would establish tlirough competition be- tween Doston and the West, nud be of mu- tunl benefit ta the New England and tho Western States. And now, having recovered from tho excitemont incident to the celebrn- tion of tho opening, and having time to coolly survey tho cost and results, it is found that the Ifoos®k: Tunnel is far from being tho boon to mankind which wns confidently nuticipated. A writer in the Nution makes o comprehensive review of the work from the boginning, nnd botrays o familiarity with its history which commands confldenco. From this review thoe conclusions are inovitablo that (1) the oosao Tannel cost n great deal too much money ; (2) it will require still further nnd enormous expenditures to render it entirely safo; (3) it Incks tho connoctions necossary to carry ont the purpose of constructing it; and (1) it is now nothing more than a hole in the ground which cost $11,000,000, and at present will not earn sufficiont monoy to keep it in re. pair. * An entirely new revelation in connection with the Iloosnc Tunnel is that it afforded the first application for the system which has aince become notorious under the namo of Credit Mobilier. Long before the War, the State of Massachusotts loaned its credit for 22,000,000 for the construction of tho tunnel to the Troy & Greeafiold Railrond, on condi- tion that a certain amount of stock should ba subseribed, with a corlain porcentago paid in cash. It was found impoasible to socure the necossary subsoription in the regulur way, but Messrs, II. Haurr & Co. subscribed for stock to bo paid for by coustruction work. As tho State scrip wos only issued in installmenta (1) after a certain amount of cash had been subsenibed, and (2) after a certain amount of work was done, Mr. Havrr borrowed $100,000 from a bank for an hour or so, paid that amount for stock, and received it back immediately in payment for contracted work. Aftor this little trans. action, the State scrip came to hand regular- ly in installments of $100,000 at a time, Mennwhilo Mr. Havurr was acting, as oceasion required, either as Chiof Engineor to cortify to the work, or nd a momber of tho Finance Committes to audit the bills, or as Director to vate approval. In fact, Messrs, H. Haver & Co. took all the money that came in from the Btato or from the stock subscriptions, or from any other source whatever, in- cluding a receipt of London exchange at $4.44 to tho pound whon it was really worth $4.01 to tho pound. This latter transaction alona {8 aaid to hava netted the enterprising firm the neat.little sum of fifty thousand dol. lars. It beeame necessary doring the construc tion to build a road through a small section of Vermont. Mesars. Havrr & Co, had some frienda socure a charter and build the road, which they subsequently sold to the State of Massachusetts for double its value, After the Btate had bought this littlo road, the dis- covery was mado that it had been loased in perpotuity to o New York corporation, and the Btate had no more control of it than it had beforo buying it at an oxorbitant figure, Of courso the bonanza which Messra, Haver & Co, had found was too big a thing to last for ever, and finally tho State of Masss. chusetts foreclosed its mortgage on the Troy & Greenfleld Railroad and took possession, including the unfinished tunnel. Thore was nothing for the State to do but to go on with the boring, which was done now fairly and now badly, according to the compe. tencd or incompotence of tho Stato Board of Commissioners. The final contract for the work was lot to the Canada firm who completed it, and who seem to have done what theyagrood to do honestly enough. But thenot roault {s, that a work estimated at first to cost $2,000,000, and to be finished in two years, has required twenty years of time and $14,~ 000,000. Bome of this may be accounted for in the unexpected obstacles encountered in the charactor of the rock and the amouut of the water; tho rest muat be traced to the early extortions, a vacillating course afier tho State took hold of it, offlcial salarics, and bad management. And now what has Massachusetts to show for this enormous vxpenditure? The Nation writer sums up the situation aa follows; But assuming the tunnel 42 be ready for use, what 18 3ta proaent aitustion, and what are iis fulure pros- pacta? The hole is indesd througl ths wmountain § but who will go through the hois aud pay for thd: privilege of so dolug? This a s vitat question, aud only 88 It is succesafully suswored can the tusnsl euturpriss e saved from fallura. Ab preseat, onw tarmiaus of the tuunel-road {e at the country village of GresuBald, Tus Oluer termninus s Bot evensis country villags, Lus &1 & Blate loe 3fike tuunsl be Ukened to & bridge, it 15 & Lridgs with no roads tealing to ft, and with no people who care to cross fl. Oancerntug fit, the expresston 1n Mlmost trno that ft bhogina and cuds nowuere, A howt of ludicroun fimnagw s unaveliably auggrated Ly tho presnt attitiuuds of Susachu n relation to the tunnel, ‘Tho tunnel was bullt too soon, Whatever may be the call of the futurs, th:re was cer- tainly no demand for it when 1t wan bequn, nor i there any real caesasity for it to-day, Al present, the tuunel.road can do nothing whatever without the elp of the Troy & Doston Ttad upon the ond hand, and the Fitehburg Road upon the other, for ita local trafic {s Inaignificant, Rut thean two roads are, for the m st part, only second-rsay, slngle- roaan, with fron rails, and any sttempt to do over them the enormoun Dbustnces of » throngh line would result in pounding them to pleces in leas than alx months’ time, But tha tunncl was built to serve s part of a through road, and only If used an such can ata great cost ever Lo ro- Daid. Theso twa connacting roads, tharefore, must b almost entirely rrconstructed or now roads bullt be- foro tha tuunel can begln to fultll its misaion, "Phiis is certainly not a very cheerful situne tion to contemplato as a reanlt of a $14,002,- 000 expediture. Thore secmns to bs but two things to do. One of theso, advoeated by Mr. Apass and others, is for Mnssachusctts to imitate the Belgian system of a partinl and joint ownership with the corporation control- ling connecting roads ; the other, to build en- tirely new roads. Tho State finances scarce- 1y warrant the latter course, and the Legisla- ture was disinclined to adopt the former. For tho present, resort has been had toa tem- porary expedient,—that of charging tolls on the froight and passengers carried through the big bore. This plan is certainly ealeu- lated to reverso the purpose for which $14,- 000,000 have been expended, and at the same time it will fail to securs sufliciont revenus to keep tho tunnel in ropair. Meauwhile the rocks are beginning to fall and the water to ooze in, and the IToosac Tunnel in its present sliape must be set down as n gigantio failure, —— ‘WHAT'S IN A NAME? Thero is no daubt that ** blue.pup” pnper money by auy other namo would Le as bad, but the existenco of this and similar nouns ngreenbly diversifies tho financial history of the West. When Obio and Indinna wore given over to the follies of their present De- mocracy, away back in 1837-1842, and after the destruction of the United Blntes Bank, their curreney consisted of *Yellow Dog,” “Blue Pup,” * Red Cat," *Smooth Mon- koy,” and “Sick Indian.” The exact dis- tinctions between the different parts of this motley circulating medium have been pre- served, if at oll, only in the memories of the men who were bitten by yellow-dog and blue- pup paper, seratched by red-cat, mado cat's-pawa by smooth-monkey, and secnlped and sickened by sick-Indian. A chance article in the Fort Wayno Z%mes, presorved in Niles' Register for Sept. 80, 1813, tells tho story of Indinna eurrency in those days of State Sovercignty currency. Indinnn has sometimes beon supposed to be given over o inflation now. If so, tho les- sons of the past have surely been forgotten. It may bo well to rovive them. Thirty-two years ngo that State hiad beon for several years quito free from what Mr. Kettey calls “the shackles of specie.” There wasn't n cent's worth of spocie within her borders, and aftor tho State-papor-expansion mania lind run its course, theres were vory few cents? worth of anything else. In 1842, the *stand- ard "—so called becauso {t was a little less bad than tho other sorts of paper-—was State Bank notes. Then thero was **serip,” issuod for the domeslic debt of the State, ond receivable for State dues. ““Bank scrip” wns a third sort of ““money " with which the State repaid the bank's advances to canal contractors. Thero ware two sorta of * dogs,"—white and blue. ‘The cerulean canine paid for canal oxtension, and was receivablo for canal lands and tolls, “White dog” paid for canal repairs, and was receivablo only for Jand. It bore interest,— payable in cnnine paper like itsolf. It was therefors the forerunner of the Kerrey 8.05 shinplaster bond. ** White dog” and **blue dog” betweon them gave birth to n mongrel offspring, *blue pup,” which consisted of shinplasters issued by canal contractors and redeemable in * blue dog,” much as K- LeY's patent scrip is to be redeemabls in equally worthless bonds. Accord- ing to the Tort Wayne T¥mes, “gerip” was worth 85 to 00 conts on the dollar in State Bank notes; * bank scrip,” 85; ** white dog,” 80.90; **blue dog," 40; and *blue pup," 10 to nothing, since no- body would give anything in exchange for it, and its redemption even in * blue dog" was more than doabtful. At this snme time, Chi. cngo bankera and brokers wero paying &5 to &8 cents on the dollar for Illinols State Bank notes; 45 to 60 for State Bank of Illinois; 80 to 82 lor * Cook County orders”; 25 to 40 for canal indebtedness and * railroud ecrip " ; and 16 centa for Bank of Michigan ¢ dollars,” Money was *‘cheap” and well expanded. It {a this atate of things which the Kelley- ites want to bring back. If they should suc- coed in their schomes, we should again enter the era of yellow.dog, blue-dog, white-dog, blue-pup, red-cat, wild-cat, sick-Indian, and smooth-monkey ** money.” THE DECLINE OF DISRAELL The present British Tory Ministry came into power under the most favorablo auspices, The conservative clasacs had been rather shocked and alarmed at the rapid radical re- forms carmried through by the Grapstoe Government. They felt as o merchant does whon he has been extending his business greatly through some yeors. Ho begins to foar lest ho is going too fast, and is apt to coase the expansion, balanco his books, take an inventory of stock, and find out just where be stands, The British nation wanted to balance its books,—wanted time to refleot before it disostablished the English Church or extended the suffrage to the farm serfsand villagers. Buch o state of popular feeling makes haleyon days for a Conservative Pre- mier, It wnsatsach a timo that DispapLr came into power, with & Lnndred majority in Pariiament at hig back. o had already out- lined his policy,—‘*a policy of common sewera" his opponents colled it,—and the public liked the idea. It was willing to ba relieved from * rash experiments " in leg. islation, from debates and laws on the rooip- rocal relations of Church and State, from schemes of universal suflrage, It preferred 8 Premier who promised a mild care for draing, and polluted rivers, and improved ten- ements, and good drinking water, and other domestio needs. Mr. Disnarnt was backed by a clear majority of English M. P.s, 5o that he did not need to conoiliate the Scotch and Irish vote. Ie had, moreover, a surplus of §30,000,000 in the Treasury,—n legacy from the Liberal party and a proof of the unequaled financial sbility of that party's Promier. With these favorable omens, the first ses. sion of the Consorvative Parliament began. It ended amnid general disappointment. The great 1and-owners objeoted to the bill for sim. plifying the transfer of land, and it was poat- poned. The 'fory Pecra objected to the bill for simplifying the judiclary system, leat this sliould laad to e abalition of the appallate Jurisdiction of the Ilouss of Lords, and so clenr the way for the abolition of the Houso itsclf, and tho bill was postponed. Ewmploy- ers objected to the bill for regulnting the re. Intions of master and servant, and employes domanded ils passage. 'Tho Ministry tried to uatisly both sides and referred tho matter to n Commisaion. This involved its postpone. ment, Only three positive mensures of any importanco woro passed, and ench of these wase n pleco of class legislation. 'The publie houses wero allowed to keep open an hour Inter. Tho Ritunlists wero snubbed for tho #nko of tho *'Evangelicals.” 7T'he manufac. turera of blood, bLones, grense, fat, and other wunsavory mnterials wero nllowed to keop their poisonous factories in London, although tho Parliament of 1814 had warned thdm to leave within thirly Jears,—gurely a long enough respite. 'This reapito was not only exteuded indetinitely, Lnt the men already in the business wero practically given a monopoly for tho future, inasmuch naall others were forbidden to en- goge in it. Tho second session wns opened with o profusion of promises. ‘Tho mmin task of the Ministry has been, sinco then, to escape fulfilling these promises. The promised bill providing for the appointment of a Public Prosccutor has not oven beon presented to Parliament, Tho Judiciary Reform bill wns revived only to ba smothered. The bill to prevent the pollution of rivers wns dropped beonuse it wonld interfere with tho profits of Tory mannfac- turers, Tho Merchants' Shipping bill was withdrawn becauso it would interfero with the profits of Tory ship-owners, whoso busi- ness it was to sink ships aud drown men for tho enke of the insurance on the former, Then come Primsort’s fit of divine wrath and its instantancous echo throughout the country, nnd the bill was reluctantly rein- stoted in n modified form. ‘The Agricultural Holdings bill hns been emasculated and ren- dered worthless. The Artisans' Dwellings bill hos become a law, but it is merely per- missive, not obligatory, The demoralizing and unmilitary systom of buying commissions in the army, which Grapsrose abolished, the Tories propose to re-gstablish. Two fair laws —thoe Friendly-Socicties and the Employer- ‘Workmnn acts—have beon passed. ‘T'his is the sum aud substance of Conserv- ative law-making in two sessions. Disnseet, onfeobled by age and ill-health, has thrown away his great opportunitics, wasted the sur- plasloft him by the Liberals, miscalenlated the revanues and thus eaused deficits, dodgod needed nction, proposed laws only to aban- don them, veered and wheeled around like n weathercock on an April day, and insured the spoedy return of the Liberal party to power. If the Intter wore united, that is, if tho Marquis of FIArTINGTON Wera equal to his place, the Consorvatives might perhaps have been overthrown ore thi Tha country never henrs the welcome news, ““All quiet on the Rio Grande.” Cattle- dxioves, banditti, and Apnches make the Mexico-American frontier 60 hot for its in- habitants that the latter must often echo the profana jest: ‘‘If Iowned hell and Toxas, T'd rent Toxas and live in hell,” The re- sponsibility for thia stato of things rests fargely upon Gen. ContiNa, a brave scamp, who hnas acenmulated an immense fortune by thoft and trickery, and has exercised n prac- tically despotio sway over the City of Mlats- morns aud its vicinity. He is said to have $800,000 in cash to his credit in different baunks, and owns twenty ostates, stocked with thousands of cattle and horses. The coun- try houss in which ho was living whon ar- restod was found to contain an armory of rifles and pistola and 7,000 cart. ridges. He could commnnd the services, at any moment, of any number of armed and mounted freebooters. An ambuscade was laid for him by the Government troops. Once eaptured, he was hurried off to the City of Mexico. The day after, two cattle-thioves wore hanged. It was a sign of bottor times. ConTiva is to bo tried ab once. If ho meots the fate alrendy meted out to his two humble imitators, matters may really become quiet on the Rio Grande, Death seoms to bo very busy at present among the Princes and Princesses. The lnst forcign mailsbring theintelligence of thodeath of the Princess Ontorr, wife of tho Russian Ambassador in Paris, at the ago of 86, She was by birth the Princess TnouseTzror and mar. ried Prince Onvorw, the son of Count Oncorr, the groat favorite of Nionoras L Bhe was an oxcellent planiat, & very oultivated woman, and & g-rent fovorite of M, Tuiezs, whose speeches in the Assembly she never failed to hear, Of the cause of her denlh, a cor~ respondent says : Ushapplly she nevar enjoyed good health, Ter pale facesnd slim figure caused many an appreliension {bat ehe would not live long, Al that the best med!- cal care, and the finest preparations of (ron could pos- aibly accomplish to fncresss the quantity of blood in her veins, romained without avall, The springs of 8sint Morltz are the strongest In Europs, yet even thoy proved powerless, Bhe did mot suffer, however, elther in her laat bours or during her Hfetime, Larly tlis spring she was still o ba seen in the ol and in {ha President's box at Varssilles, though she was paler and thioner than ever, It was ovident that & total want of vital erergy, an obetinate anemia, had taken possession of her and would soon carry ber to the grave, Dut noone expectsd it to happen 80 soon, One of the sharpest of Dickens' satires was directed ngainst the English Court of Chan- cory, with its delays, its ondless litigation, and the ultimate absorption of the property of those victima who were 8o unfortunate as to find thomsolves in its olutchos, and there are fow of our readors who will not recall little Miss Frrre, who wore away her life “ walting for a verdict” in that Court. The London Spectalor now ennounces that tho Court, 8o far as ita title and dignity aro concorned, will be swallowed up in the Judi- cature act of next November, The change, liowever, sooms to be principally one of form, as the functlons of the Court are not abolished but pass into a higher court, The name only is lost. The Judges, the lawyers, sod the clients will be transferred into & new court. 'That is all, Little Miss Frare has not yet fullillod her destiny. Our renders will remember the terrible fatality which recently occurred awong the Fiji Islandera growing out of an epidemio of measles, The same disease, accordiug to the Alaska Herald, has now broke out in that far northern region, and isspreading with fearful rapidity. Few children dio with the discaso, the fatality being mainly confined to adults. Sitka has thus far boen free from it, but at Kodiak, Woody Island, Afognak, Allovis, and Eaglo Harbor, its ravages have been terrible. At the lattor placo thoro are not enough well people to bury the dead, ‘The dlvease is of that stamp known as black messles. ‘The prep«unlon for & umunm to the Amerlcan lutle Toar soema to Ls gaining ground rapidly in New York, A place has been desig- nated for the recelpt of gubsoriptions, and tue nswapapers are flled with sappeala for money. These I some jusiifisalion for s movemeut. Tho Toam refusod o accopt'prizes of any king in Epgland or Jreland, boing anxlous to aveig the susplcion of aceking morely pecuniary gaing, Tnoy bave, thotefore, mo momento of iheip brilliant trip. Any teatimonial that shall ba pra. sentod to them will be distinguished rather |, Leauty of doxign than by cost of material, ang will be {ntended aololy as & tokon of zegard gy the part of sho subscribors. S EDGAR QUI‘HL’I‘ In the recent dosath of Epanumr. Franes bias lost an autlior and blstorisu of eminegt goulus. From the fact that his warke havangy been tranalatgd, his fame is confined to France; but thore aro airsady sigos that the world, now that lho is poue, wiil mako kin acquaintancy through hie numerous works, for ho waa & mog proliflo writer, aud will accord to him that lofiy position In lilerature which his genius ontitley bim to occupy. The litorary record of hiafipy may be brictly told. o was born st Bourg fg 1603. and reccived hin oducation at Heotdealbsrg, whera bo became imbuod with the German pujl. osophical and metaphysical spirit, this quality firat manifenting Itselt in & work which ho pro. duced shortly after his return to Franc * Philosopbic Idoss on the History of lip. manity.,” A year aiter the appearauce of thin work he was appointed member of ihy ncientific commisaion whicl was dispatcaod 1o Moros in 1828, and while th:ore oollasted thy material for s work on ** Modorn Greeca and Ity Rolations to Antiguity," which appeared ip 1830. This was quickly followed by & sotios of poworful articlea in the Revue des Deuz-Sondey upon 1oligion, philosapby, politics, and art, Loy in Germauy and Franos, as well as Boveral ary. cles uporr the poetry of Gormaoy, Fraoce, any Ghrecco, Theso were followed by mumerousan ticlos 1n the Revue de I'arts upon tno *Thy Dattle of Waterloo,” **Strauss’ Life of Jeaus,! “The Unity of DModern Languages,”" ipy Gemua of Are,” *“Travela in Italy aod Gen mauy," ** Tho Pootry of India,” and othar topics, 1u 1842 he was appointod to tho Clair of Lay. guages and. Litoraturo of Modern Europs ia thy Coilega of Fiance, and dolivated & brillisut seriey ot lecturns upon “The (ienius of Religios® “ThoJesaits,” * Tho Ronalswance,” ** Frecdm of Discusgion in Roligioss Matlers,” “Ulin. montanist,” and ** Lo Inquistiou and Heciey Souicties in Spain.” o was edectod member of tho Auuemhlv in 1847, aud, after his relitoment from politisal lifo, dovoted himself oxclusively to hterary labor, among tho fritits of wh.ob wers the following works: ** Philosophy of ths [lis tory of I'ranco,” * The Loligious Hovolation of tho Ninetevnth Centucy,"” ** thistors of the Cam. algo of Polaud and Rome, *Tug Rovolution” ranco and Germavy,” and **Tue Roman Questton Mistorically Cousiderod,” 1fia latory scom to hnve beon of tha mout arduous descrip. tion, aud to iavo embraced a multitude of toyles ot an hietorical, political, plulosoplical, aud li erary character, His works upon the Frenchk Revolution sre thoso proLably by which bo wiil bo best kuown, and the Now York Nation baa doue ao exculloat soi vice to literazure iu calling atieution to them, whict call it i to bo hoped will e fullowod by trantlations of them into English. The Nation biss indicated the charactor of one of those, ** La Revolution,” 8o clonely that thoso who have 1ead Lous Braxe, Tiirns, and D ToQuEviLLE will be still mora avxiou to read QUINET, inaumuch A ho discusnes tho ltovolus on from an entirely differont standpoint from either ono of tuese, “Tho ceutral article of hus c.e0d,” sy the WNation, *is faith {n spritusl and intolloctual freedom.” ‘Thie criterizn he appliea to the Reformation and the Revoluilon, and whilo o pronouncos the former a succass, bie cunsa it wrought dotiversnco for Buropesn us tions, tho latter iv a failure, bocause, with all 1y p romise and all its efforts, tha Revolution hu brought no spirital deliveranco for Fri Anud this declsion in all the wmore romarkably cause QUISET was io eympathy with tho effarts of tho rovolutionists, 1le points out that bt at loast of tho revolutiouary errora originatedin the inability of tho ravolutioniats eithoe: to real- izo tho pature of the religious dicthalty orto saggest any mode of removing it. Upon tkis point we quate from tho Nation : That tho revolutionists were uiterly incapable of dusifng with the religlous dinloulty was one whi, g counded ssit fein the oppositi.n Lotwesn R.ma Cithollclym and modern conceptions of fresda.n, 29 sl could eludy, (s ss cortaln as any fact of Listozy, To hava sliown the importancoof this fact, and Lt inndsted ou tho “iacessity of recognizig If, s the groal sorvice which QuiNkT has rendored both 'to Wistorial stodonts sud to practical atateamen, It would, kow everr, Lo unfulr both to QuiNer himself snd to his critica to conceal the fact that the one great object of Liv bistorical speculation is to euforca a view as to the mode of oarrylug out rellgions reformation which is cloaply ntimuted in tho followlng characterists gentances : * Under the Christian Emperors, when the momeat cama for suatching the peaple of Egypt fro the r ligtort of tho Pitanaous, the whaie nation steol ln wuveriog uncettaluty sround tho t.mplu. o ceaturian atepped forth from fho crowd, and with Lis kammer #irick the firat blow ut the lompla of Ixls. Tna crawd foliowed, aud Bnlshod what the centurlon tsd Leguz, From that moment Eiypt belonged to the modsra world, ‘Tke ¥Frouch Revolution lacked such turion,” The political and roligious world at present s in & condition favorable to the recaption of such & writer and such a wors, Great religious prob- loma and great political probloms are lu conthet, and it is not improbable thoy may yei lead to great rovolutions and great wars baforo problems can be solvoed and tha contlicting luters eata of religion and politics, or tho Church acd the Btate, can bo harmonized. The views of such & wiiter, therefors, who could look s and disousa the French Revotution from sa o tellectual and religious stendpoint, sp- plyipg the tests of history and philosophy toit, ought to, and undoubtedly would, commanl very geueral attootion at the present time Thoro 18 much sham religious liberty, aod shan political liberty, passing ourront just pow & the genuine com, sud the two must come in conflict before the resl bounds of toleration can bo eatablished with any dogres of cortainty. Upon this aubject the labors of Quinkr woall undoubtedly throw much light, sad for this roason it ia to be hoped that his workas may 503 appear in English garb, S T — Americans noad not go Ao far away from bome an England in order to find rotten ships aud csses of ovorioading, The evll with us is not o grest a8 it is abroad, Lecause our shipping has teen ruined by various causes, and our vessels hate passed into foreign hands ; but, auch aa itis the loss of life that {e directly due to the orim= inal negligonce of ship-ownors in America is vob lusignifcant, If suouthuslast iike Mr, PrLixdoth should take Lold of the subject, ho would doudt~ loss arrive at remults that would astonisls the country, One particnlar evil s the overload ng of ploanure-hosts, Becretary Buisrow has roceut!s refusod to remit a fine imposed for anoffents of this kind ; and, In a case of drowning in Ne¥ York, the Coroner's jury has especially diroct (ho attention of the Goverument olticlals toad* other violation of tho law respecting overlosd: ipg. No less than four persous wers drowne: near Iona fsland lant Thursday through (be carolosancas of the persons in charge of tho eX* cursion stesmer Loug Branch, Bug far byued all theso [nstancea of law-broaking 1u tha reve Iation recently made st San Fianoisao, thiat the Pacific-Mail steawer City of Pokiug, which %84 launched only a fow monthy ago, {8 thorouxhl? Totten aad unfit for service. If tho stesmer b eacaped the vigilance of the Insurance agentd l' 8an Praucisco and gone ta sea with a losd of passengers, it would almost cartainly bave beed added to the mvaterious aud moaurnful list of *“missing " vessela. Human greed and rocklest ness mauifeated in the construction of shi, 887 doubtioss responsible for mauy lives which we now charge to the account of an overtulisd Provideuce, e —g What so ecting reunion must have bees that of the 260 native and foreiga Mayors wbo assembled in London to eat diuner wi.bibe Lord Mayor, It wasa good thiag for the wind merchanty, of course, sud & high old feumllisf tune peosusarily eosued before duylignt, but b® mortality among turtles must have baen fright tal. There is nothing tle Alderman of Europé prizes 80 Lighly na turile soup, and "Aldumn« sagu » carpeayandenty * ware an Lhick as im0