Chicago Daily Tribune Newspaper, September 1, 1875, Page 4

s » o . ; TERMS OF THE TRIBUNE. clearn, IHighwines wero mmlnmtpl'f‘f*’ vo | bunko bnsiness, of rings and corners in poli- BATER OT AUPICRIPTION (FATARLR 1 ADYAREE), nnd stendy, at 21,19 per gallon, Lake freights | tics. Of education ho knows compnrntively Pantnge Prepaiid at thin Offces wero quite nctivo and steady, nt e for corn | nothing, Wo therafore warn him in time THE CHICAGO TRIBUNE: WEDNESDAY., SEPTEMBER 1, 1875, ) samo footing with the promimsory nota of A B, the draft of CD, or the bill of exchange by EF; its commorcinl valuo s graded ac- uries and vices, which they enjoyed without [ come just the same, only it wonld have reatraint with tho money of which they plun- | como in 1873 instend of 1875 Whon a dered Lio peoplo, There hiad naover been banker uses in all sarts of wild spoculation and cnre (mafemizzare) tho sporiate Dosexica PanptLg, who dares to hecomo an fnsidions agent for tharulnof tho propln of Gad, he, bound in iniqulty j 2 i f 9" | with tho assoctaten of his tomerity and apoatasy, who 13,00 | Weekly, 1 .03 | to Butfalo. Floue was quict snd weak, | that if he attempts, without cause, to drive | more reckloss expenditures or more lavish in- | the money whioh has beon deposited with | cording to tho probnbilities of ita being paid. | 1 whataver mannsr have lent nim or maylend st a8, 4| Kiva sople 208 { Whent was nctive, and declined 1@23c, | out a Superintendent who lins done his duty dulgencs than thoro was in tho Americns | him, it docan't mako very much difference | 'Tho socond rorolution, hiowever, RAsorts | counsal, consont, o favor; to him and the others, wa oo EX closing nt $1.13} for September, and R1.13} | faithfully and well for cloven years, and to for October. Corn was nctiva and 1o lower, | substitute n politiclan of tho PrnroraT bean closing at 62}c cash, and 634e for October. [ erowd, of the Cosmopolitans, or of any othor Onts woro nctive and unsettled, oclosing at | political crowd or elique, the pooplo will let Mo cnsh, and 830 for Octobor. Iyo wns | him know in a manner he can understand quict aud weak, Barloy was moro nctive and | that ho must keep his hands off. onsier, closing at 31,05} for Beptember, and - - $1.03} for Octobor. Hogs wero in fair do- MR, BLANTON DUNCAN'S CURRENOCY. mand, and weroe strong at Monday'a quota~ A regent allusion in Tng Curcado 'IRinure tions, Sales principally at #7.50@3.00, Cat. to Mr, Jiraxtoy DuxcaNs connection with tle wero quist and unchanged, selling at$2.25 | the Confederato curroncy has had the effect @6.65. 'Thera was a good demand for sheep to bring out n valunbla and interesting Con. at $3.60@1.75 for common to choica. On | (ribation to the history of the Southern con- Saturday ovening Iast thero was in store in federncy from that gentlomnn's pen which this city 827,067 bu whent, 2,303,200 bu corn, | e priut this morning. ‘Tz TrRmuxe articla 338,898 bu onfs, 42,720 bn rye, and 1 0 bu [ Wns based upon the best stiainablo informa- barley, Ono hundred dollars in gold would | tion at tho tinie, and Br. Duxcan's statemont buy §114.37} in greenbacks at tho closo. of tho caso, being authoritative, will bo read ] ——— with interest, "o recites tho difliculty which In o rccent interview with Mayor Couvixn | the Confederacy had in obtaining currency tanching the proposed municipal election, { with which to pny off the Government ex- the question wns asked him whether howould { penses. In 1861, the bulk of the currency lika to seo the Conncil call an clection for | Was in 2100 bills, and, as it had not at thnt city officers thiu fall. Horoplied: *‘No, I { timo deprecinted to the extent tlat 100 would not liko it.” The reporter then nsked: | wonld not pnss for mora than 5, there “But suppose tha Court does not decido in was o notablo deficiency of bills of a time for you to kuow whether you onght or | smallor denomination. Mr. Duxoax wns ought not to have an clection this fall ?” to | intrustod with tho task of providing them. which the Mayor replied: ¢ Wait until thoy | To begin with, it was impossible to securo do decile, then” The yeason why the { bank-note paper, except in cccnsional small Mayor does not want an election this fall lots smuggled through from Now York, in quito apparent, 1o was elected to sorve | Engravers wore oqanlly hiard to find. Thero until the sixth day of next December, Then | Was nothing loft for Mr. Doncan to do but his time will be up, nnd his duty will beto | geta paper-mill and manufacturo the strong- step down and ont. - His wurpose, therefora, | est articlo ho could, gather about him & num- in opposing an election is to, hold over two | bor of the hest newspaper compositors ha years. In other words, his desire is to mako | could find, and go to wark printing *money.” himself Mayoriwo years longer without being | It was not very good money, to be sure, not called by the peoplo to do so, and without | aven very good paper, but it was the best their nssont. Henco it is that ho is opposed | that could be provided wmder the circumn- to ascortaining the wishes of tha peoplo. If | stances; it was “‘currency,” and just what Aayar CoLviy were confilent that the peoplo | the greonbacks would be under tho same wonld continue him two yearslongerin office, | difiiculty in getting materials. Mr. DuNoax be would scarcely object to ascortain their | says that ho bad about 100 ladies at work wishes in o legal way, That ho does object | signing the bonds and votes which ho turned shows that he foars they don't want him; that | ont to order, and counting ond othorwise s conrso during the past year bns not been | keoping track of them, such as to commend Lim to them ; that he Ar. Duxcan volunteers the suggestion that 1mistrusts ho hins not served them aceeptably. | the depreeiation of thie Confedorate curroncy Hence he decides that it is safer to grab and | cannot be traced to an over-issuo, beeauso the bold theoflica in defiancs of the publio wishes | total issue nevor reached €8330,000,000. Wo than to ascertain them. 'This is tho real and | do not tako this point to be a good one, be- only conrse of his opposition to an clection | causo $100 or 31 would be an ovor-issne of this fall. The fact, lowever, that Mayor | paper currency such ne he describes, and CoLvy is opposed to an clection, isna good | which nobody belioved, after n short expo- renson amoug othors for holding one, unless | rience, would ever be redeomed. Any pnper the Supremo Conrt shall in tho meantime do- | passing current for money is an over-issuo cido that tho ballot-box stuffed chartor of 1872 | which 1 not redeemedt in nctual moncy upon must stand. demand. In the caun of Confederato money, Tz = e Mr. DuxcaN says it ‘wns worth 85 cents in gold s hm‘m:nffinirgfil; ! ontained an jn. | i1 1461 €0 conta in 1662; in duly, 1664, it timation, in the shapo of rumors floating h;‘d %ono down 1o 107 caulay i N°:’m‘""" about tho City-Hall and in Aldormpnic circlos, | 9F %10 samo yewn ft wns worth only that an nttowmpt is to be mado by the Mayor, "u w‘g; m:,}l in Mny_,e 1864, onllly 6 cents. o ot lenst that ho is disposed, to thrast City- | 477 at, oo oA wort h“°"'_":?8- Yiall politics into tho School Bonrd, for tio | A8 amatter of fuch, it was worlh notling st tinso I tha llstory of Wi city,, Tha ips | £0M the very beginning, booausd it ‘was nob timation is too astounding for belisf. Does :egwm“bg.t;m‘d “"fil “deelnh"fd' ?‘ s, Mayor Carviy seriously propoess to inaugurate “km &: 1.; EOS0iS 15 18 S ‘";“P 0now such nu innovation 08 this, nnd tarn over the | e rited: Blatex promisticlopay on Sehool Bonrd nnd tho managoment of tho | fAt% Tiut advorse e anything public school system os Mayoral or Alder- :.\ko mr;;‘vhic b;“‘ u“ Can({lnlmwyf, o manio patronagoe for political bummers? ;;8 SER o ‘hon-redompllon N’b t;:: ;1 con- Docs ho soriously proposo to interfero in the | SS°RC% would dispose of groenbacks in pre- dnties of tho School Bonrd, which have cl:oly t .0 bamo :lownw:s‘rd ru;h ck“;:’ s tho Tliorotofore been strictly non.politicat in ohar- fate 0t :tho Contedorato ** grayba acter, nnd take their business out of thoir hands to be administered by ward bummers ? Does ha soriously propose to introduce tho frauds and corruptions of politics into our public achool systein? It 6o, thon Mayor Qorvin will placo himself in a posi- tion which is not ncceptable to the people of this city, and will exceed the func- tions of his offico in o mannor that will nob bo tolerated. Tho peoplo can stand a good denl, and hovo stood n good deal, from hia government, nnd they expect to hinve tostand agood deal more, ‘Thoy aro patient and long- guffering, Thoy havo endured the depreda- tions of thieves and burglars, tho shamo of soeing tho streots flled with gamblers, bunke- men, and confidenco-men plying their avocs- tions with the most perfect impunity, a po- lico force which has not protectad them, and n Bonrd of city officials which has invaded their rights without question for merconnry considerations. They have endured all this, nud they will probably continue to enduro it, rosorving to themselves only the right of pro- tast and the elootion of a botter man when the timo for election comes. But if Mayor Cosviv seriously coutomplates the in. torforence which is credited to him, the turning of the wholo publio school sys- tom into o common pool for the benefit of the COity-1Inll politicinns and tho ward bum. mers, ho might s woll underatand now ns at any other tima that the people will not toler- ateit. Inon an interviow with the Mayor, tho following conversation is reported to have occurred : Reporter—1ell, lesving out of the question the de~ greo of your oppoeltion, sre you in favor of the re- moval of Mr, PicxaBp T Biayor—Tam, Tepiorter—For what resson Mayor—Decauise Lis has been there too long, Toporter—Have you no other resson than thal he has oceupled the position for a long time ¥ y Mayor—None that T wish to glve s prosont, Tho convorsation gives an air of oredence to the intimationa that have beon made, aud the only reason given by tho Mayor is that Suporintendent Prcxanp has occupled his place too long. That is, Superintendent Preg- AR, o gentleman who Las mado education and the management of the schools the study of his life, who bas had valuable and success- ful experienca in the other States, I guilty of having served this city fultbfully for eleven yearain ono of the most lmportant of its trusta, Underhilsablo management, theschools of this city hove grown and prospered 1o adegres not excollod in any othercity of the country. No suspicion of incapacity attaches to him. No chargo hins been or can be made that ho is unfuithful to his duties. Ho has always been respected by the Boards of which bho {8 an exofficis member, and by the little army of tenchiers whom ke han ¢o ably and discreetly governed. s this an offensa? Is this oause for removal frow offica? Ia this o roason that he should ba displaced, and that thie politicians should take the managoment of tha schocls into thelr corrupt hands? It 80, then why should any man bo faithful in Ligdaty? If so, then wo had Letter remove every obstacle of law and justice which stands in tho way of tho full and frea epread of cor. ruption. If therc bo no other roason, thon modesty ghould restraln Mr. Couvi and his man Hippera from interfering with the manage- ment of tho publio echools, The Mayor ghould remember, aud the ssme applies to AlL Hivosera, that his owa literary and ed., ucatlonal attalomonts are not sufficient and cannot justify him in knowing how schools ought to b managed so well as oxperts. Ho guay know the ins and cats of the oxpross | buslnass, of police buainass, of gawbllag dnd ordar, decroe, and denounce, as nparated from the body of the Chnroh, and o bo ayofded by all, BhnfMoeld 18 a type of the new manufacturing towna in England, and hor recoption of thg Princo and Princoss of Warrs, on the occasion of thoir visit 8 fow weoks ago, was thorafore peonlinrly Intoresting, Tho visit-'In féaclf way aignificaut. It was almost in tho naturoof a royal pilgrimage to tho strine of England's patron eaint. it was fitting homage from the loir-apparent to the pawer which keopa him on tho throne, and which furnishes him standing s hotao and {ufluenca abroad. It waa the progresy of & ruler of shopkeopers from his throna to his shops. We would not bo understood a4 im. plying a taunt upon the Prince or a sneer at hiy loyal subjects in Bhofold. The vislt wena anectacle quite as imposing, in its way, aa the roview of an army (n tho Chomps Fliysco; snd it was cortainly not s much an act of folichism as s journey te Paray-le-Monial. The Loodon Times, in notie- Ing the visit, adverts to a poculiarity of the English social systom which it oxhibits, namely, the wtimate connection which oxiats, and which incrosnes yoarly, botween tho groat torritorial magnatos and the trado of tiie conntry, In Shelfield, the Duke of Nonrorx s Lord ; and the Times calts him *a Duke of iron and atoel” Thers aro many liko bim in thosn central regions of England, and their iucreasing prospority is ono of tho moast remarkablo social phenomens of the day, ‘Their tauda aro boing covered with iron and ateol works, and thoir reventes sre becoming enormous, Theyare fast outstripping tho Peers who bava only sagricultnral catates te dopond tpon, The vinit of the Prince of Wares toono of these mannfacturing estates gives to tho morcbant sristocraay s rocognition which they have neyer Lefore distinctively enjoyod. Club ns long as the peoplo submitted to tha | whethor that money was gold or groonbacka. thioving which furnished the money for the | When tho depositors demand it ho hinsn't got debanch, Dut there came an end to this. | it, and then ho must closo his doors. One day thore was a sudden hush = = i THE STONE-CUTTERS' S8TRIKE, :‘:‘-ns::(ngu;:::‘ ul‘:h\algnk:h 'c‘::p::u '1“[:1; Thoro aro abont 800 stonc-cutters in thia peoplo had grewn tired of having their city. Sa‘v'en.emhlhn of thom belong to the money squanderd by the millions npon wine ** Union " which s S"llil Olfl;Ped n :tnk’e for ke $3 o day. A’fow contractors, who lnve [ ;\:Ld;x:mn,; ;:: i’:.t‘::: mc;:;:g :{“:;fil:‘ henvy, unfinished jobs that must bo prompt- wero arrestod and gout to fall. Al of them 1y earrlod through, bave yielded to the de- wero indicbed, Many of them nro now fugi- mand and aro paying tho sum asked for, It tives from jll;um Disgrace, ruin, and oven ia probable, howaver, that they will no;. con- y TUiY, ¢ » death wero the results of jnst such a combl. }:;‘l:;.wld: l”l:’n:":“"e::’ Yl;);l‘::,v‘c :::?flfin:dgrd nation ns the office-Lolders, offico-seckers, and | o 1o nre now i dling sbout the streata public contractors of this city have formed | Loy joined by 200 more. The men who under the name of the “Union” Club, and . ) o % aro making this sad mistake can, perhaps, bo of tho sery policy upon which tho ** Union” renched by plain and honest talk. Wae pro- Club hos started. pose to try the experimont. 1 Itis uo‘r.“teiww")l’!:; I:I’ ';‘mg"i}m‘: thin L’;‘ 1t seoms to bo admitted that o firat-class “w """‘“,E‘ m“'o “m:y : o °h "P‘:h' outter i worth 83 n day. 1o can got that, ona, nousInY, o generally have the | o, ing heon getting it in soveral yards, One A_mme.og;x.:!.:.. cg;" “:::m? "",d flc‘f 1"]"““’ firm, which omploys only nou-iunion hands, invariably bring abouttheir own punishment. pags tho bost mon §3.25 4 day and ordinary Tho Unfon Club of Chicago will scarcely iy = e . esenpo the fate of the Americus of New York, mu‘n ’M""": This sl:'n.ko( (u.nn Mum])lt ‘: 200y it it shall continuo the policy and momber. | PO} craployers to pay jnfenioraiien WA, HORG ship with which it has started, but good men enn earn in thq preuent state of the lahor market. It deprives the skilled MR. WENDELL PRILLIPS ON CURRENCY. minority of all \v?rk for Lho‘ snke of a selfish Wao priut this morning Mr, WeNpELL Pure- and unskilled wsjority. Itis, therofors, an 278’ Intest falminntion on tho subjoct of the | injustice. e currency. Like all his productious, it is brill- Tho primo causo of the unexpocted activity inut and Qashing, but this one is mora than in building ““5.““50“’ hes been tho cheap- ordinarily fallncions, Ho lnys it down with | Bess of faterinls. Tho chenpuess of cut nuch emphasis that * currency in civilized | 8088 has led to ita use in place of brick {a and counnercinl nntions must rest on eredit | YOy many frouts and in the decoration of and consist of paper.” This omphatic asser- | MABY others, 'This strike, by cithor incrcas- tion docs not chango tho charactor of the | 8 tho cos of out stona or diminish- controveray. What I crediv? It iaall very | in€ its production, will check this no- well to say that credit s cssontinl in com. | H¥ity. Tho gtrikers are doing = their morco. Tint what s crodit? A enrronoy | ot to prevent their own employment hero- rasting on crodit is or is not safo, according | After In 1810, the workingmen of Narwich, to the naturo of tho credit on which it rests, England, struck, and ruined tho industries of Wo rupent tho quicstion, What is tho crodit | tho tows which have nover recovered. Tho which Mr. Thruusrs hos in hia mind? Wep. | Sione-cutters of Chicago wo unwiltingly try- wren defines crdit (commercial sonse) as fol- | P8 1o "3“ tho samo thing, on a smaller dcalo, lows: hero. They are throwing oway tho brend Teust givonor recelved; expectation of fntaro pay- | they meed to earn noxt yoar and in succood- mont for property tranaforred or promises given; | ing yonrs. ‘mercantilo raputation entltling to bo trasted, or tore- | T'he enttora complain of tho compotition of celvo goous oF 10Aus on promateo of aftar payment; a0~ | aonvict.dabor. 'Thoy probably suffer moro Bl to Sorporstonn, cameinilion uEpALient, from this causo than any other trada in tho Crudlt; therolors, Ju somathing whicls rerts city. Cnn they Lo blind enough not to sco upon faith in the promise of after payment. 1t is fraponsiblo to onceivo of arodit withont | ot they are merely forcing employers to use convict-lnbor by denying thom their own ? fil:utmmxsu wR-cxpeptatian ok gty ey There aro only a fow hundred mon who are At 5 ¥ tting stono nt Joliet. There are a Tanot carroncy primarily n thing of ex- | DO cutting changenbla value? Is not gold itaolf amore g;&“fv‘:’: ‘:;‘l‘“;m‘“;(“ :{RB 1‘;:“"’“ ‘:{_’:1;‘:’;:& equivalent of value for the thing given for ortho atona.catters’ wagon forced up. Much it? Is it not becanse the precious metals havo this tangible, substantinl purchnsing and of tho work must be dono. The Ghicago cxchangoablo valto ot all times thot thoy euttors decline it ; the Joliet convicts will Liave boen mada (ho standnrd money of man. | HA¥8 it ) kind sinco and beforo tho days of Tho average wnges of the trade, on the ove Avnimaxt and Henoporus? Currency, ns of tho strike, sean to have been £2.75 o day, substitute for coln, ‘bas primnxily’ an | [The idlenass of 500 men reprosonts, then, 8 cxchangenblo valuo, Without this it wonld | 1082 to the workingmon of (500 X 2.75=) bo simply rags. Commerce consists in the £1,875 8 dny, or §8,260 per weol. If tho exchange of products of equivnlont values. | / 00 strilie, the loss will bo §1,926 a day, or Ciat Is tho very essontial of trada. No man | Doy 12,000 a week. Snpposo thoy sxo gives his property away, or sells it for less idle for ten days and thon carry their p:::nt. ihan its oquivalent. When a men parts with | Tho sggregnto monay ot wil bo $15250 his proporty, it is undor an agrosment that ho Besldes this, thero will 8::Inovitibl s to receive in oxchanga therefor an oquiva- growth °I. bad habits and the promotion of lont in value. When he sells on credit, the Lad .Icelmg Lobivgon: Mastors wud,mon. nature of the contrnct is not in the loast Toaving theso scrious ovils ont of tho conut, changed; the purchasor simply atipulates | ¥° find that u!;;lpccumnryblnml;s o, g'f‘"{‘t that ho ia not to deliver the exchange valuo “.’,“] the possiblo gain by “‘h striko for n cortain number of days or montha. The | (26 to 0 conts ; day f“; oo A“mng) note which he gives is not tho oguivalent in | 5 small ;h’t‘ ; 0 ;l"sm" Y ;“h 4 2 valua for th groperty raceivod; it Is nothing | 1% worse than Lht 2y Ea °‘3:' 6 mm but & memorandum of the contract that | Willearn botween them $175 o day moro than the drawor made for tho future delivery thoy did before. They will hove to roceive or puymont of tho equivalent “for value this for 110 working-days—over eighteen received.” Credit, thoroforo, is not value “““h-t{)““’;’ m:lykh';"um:;" up: A“m u‘f“ aa an oquivalent in excliange of commaoditios ; suffered by tho atriko in ten days. Aud then it is tho faith which is givon to the promiss they will not have done so unless avery one to pay, and faith in the payment to bo made of the 700 i re-ongaged. Is the gamo worth at tho timo promised. Ono man may offer | thocandlo? E his noto for payment in 90 days, and roceive Anothier thing tho strikers vopld do well proporty upon the faith given to his prom- to cousider is that the masters will almost in- ise, whilo anothor man may bo wholly un- ovitably bt Tho 500 men now idle are ablo to procuro goods in tho some way bo- dmwiug £3,000 n woek from tho treasury of causa of tho wnnk of faith that ho will . | o Union. 1f dhio 700 strkio, tho tronsury deom his promise. will be depleted at tho rato of $4,200 a week. Crodit, then, rosts on a promise to pay, and It cannot stond the strain long, Until it is faith that payment will ba made when prom- exhausted, tho emplnyfm_hnvu only to have fsed. Without tho expectation of future pay- their work done at Joliet instead of at Chi. ment thero can bo no credit. Currency :‘;i?:mc:‘hn saving will balanco the ineon- resting on oredit must therefore rest on the e " promiso to pay and the expectation of future 1 tho men persist in their sulcidal course, payment. It sorves tho offico of the noto lont through tho busy senson and begin tho given by tho purchasor of goods; if the sellor winter with nothing in their pockets and noth. bove faith that the pmml.m o pay ing to do, we foil to sco why thay should will bo redeemed, ho will accopt the oxpect to iavo thomselves and thoir families note; if he have no such faith that the prom- supported ""i:lm ;“’“'““ of m?}"’"“‘ work- 150 will bo redooimed, ho will not part with his | &8 of his ity who aro now toiling forwhat- goods. Tho law may, with very questionn- over remuncration or wagos they can get, and ble morality, compel the creditor to accept "’!”“""“; B;m:.ly; Pmind‘i. me}; ::ln :‘l:knuk p 3 the currency in paymont of a debt alroady will no‘:.“o c;' .f“ : n‘xe;! cx; th" o8 duo, but thero has been no law yot which can | o8 PubUo :“n Y n:; Wf“ & h ‘&m compoel 8 man to exchange Lis goods for cur- Z’“_‘l u'“ilw ‘;“: ]: m“m i = :_ Thm renoy, or it ho make an exchange to give ooy atily made ao i oo yb° uma‘ §‘y1 1noro goods for a pound of currency than ho will consent to be paid by the piscs, wil thinks proper, abandon tho proposterous iden that an infe. Ourrancy, intendedasa substitute for monoy | ¥'°F w°‘fl““““ °"g):l' wmb' fz‘: o ’T":‘! “: or coln, ¢an havo no value greater than what ! d‘":"e:lor ;ml';' "a iwn ,:' S: M;:‘ & will bo given for it in exchange, and it makes Gl ARGk Lig LI t "8 POTh nodifference whethor this be gold or any com- "';0 xm;“‘ m;d ‘:0:2“;; °;°‘:3: y &co—:g:;- modity, It becomes important, therofors, to | °47° d“ Oy ‘08 :"cm By utrikg @ g Jmow whothor the ourroncy resting on | “*™° mon"}_’_":_.__fl_: credit, which Mr, Pamvnies proposes to | GggyERNMENT FPROVIDING A CURRENOY, issue, is to be & promiso to pay, At tho recent Convention in Detrolt in the and what faith is to bo placod on the pay- | interest of an expanded issuo of greenbacks mont as promised. Tlo proposes thatthe | thero were, smong others, two resolutions Governmont shall fssna legal-tenders in any | adopted eapocially caloulated to deceive and amount to oy persou who can give good | mislend. These resolutions were the follow. security thercfor at low intercat. Ho answers | ing: 4 the question of how the new lssue of legal. | ThoCovernment owes to the peopls an absalutely tendors aro to be got out. The Government "“‘I““;' “'-‘"""‘: gintatoy "l‘"l’“f 10 thelr ';:;"'l 18 to lend them to auy porson who will apply | juete: 14 smount bud of s Yalio RO mstarally difer- for them, This polnt of Mr, PitLuirs’ That the pmv]dln: of & currency for the people laan schomo opens & now fleld for Governmental | atfribute of soverelynty, and we demand that the Goy- operstions which we will take occasion to dis- ernment of thie United Staton aball perform this duty Yorsalt i such maunor aa o furnish tho publio an amount of 5184 heroaziery currency sdequate to the business requirementa of the country and fndependent of the action of bsaks or ‘The way in which Mr, RavrsToN did 8 bank- { othier private corporations. ing business on a gold basis is aptly illustrat It tho first of theso resolutions means that old by one of tho schomes in whish ho was | the Government by the oxercie of ita powers ongaged ot tho time the crash came, Ho lad | should proteot the people by prohibiting any taken & part of tho gold which had been de- | but a safo and uniform ocurrency, adapted to posited with him and invested it ina hugo | tho public wants, ete,, we cpncur in the reso- timber-tract in the Slorra Nevada, He had | lution. We do sotho moreparticularly becauso erooted oxtensive saw-mills, and was propar- | thero can bono safe and uniform currency ing oll the ways and means for furnishing | savo that of coln, or ono exchangeablo for Ban Franclico with lumbor. He had built | coinon domand. In like meuner no other wagon-ronds from the city to his timber- | than coin can have s value not materially reglon. . Ho was constructing a tramway and ( different from that of other civilizod nations. araliway. Nothing which gold would buy | The British sovereign is worth $4.87, the and ho noeded was spared. He had 8,000 | Fronch napoleon is worth, say, $4.75, and men at work of hia timber, his eaw- | the Americon holf-csglo 5, and are in. mill, his rosds, and in one way | terchangesble ot ihese rtes, becauss and snother, This is ome of tho|their selativa weight and finenow in reasons why Mr. Bazerox did not have the | gold gives them & uniform velus in gold on hand when his depositors demanded | all clvilized pations. The paper money of tho monoy thoy had placed fn bis bank, | thé United Blatcs not being convertible, and There wara & good many other roasons of the | therefora having no certain intrinsio valus, is yamo ind, We fanoy that, if Mr, Rarston | worth’ both at howmo and sbroad just what had besn doing business on s greenbsck | anybody can gat for it from the gold.brokers, Daaki in the sams way, tha crab would have | Intclsleally it bos uo valuey 1t stiuls on the that it is “the duty of the Govornment to provide a currency for tho peoplo.” Tiyn in not only A misconception of the dnties of a Government, but is n statement of fact un- warranted in the history of this or any other Goveromont. The caso of the groenbncka will furnieh the best refutation of the prop- osition so dogmatically expressed by the Do- troit Wild-Cat Convontion. . The Government in the prosecution of the ‘War against the Rebellion fonnd itself withe out ponoy and without the credit to borrow it. The Government, therefore, having em- ployed a million of men toserve in thoarmy; it had obtained the clothing, the shoes, the mueketa and rifles, the horses, the wagonn, and oll tho materinls of war; having pur- chased the food, the Leef and Lread for the men, and the grain for tho horses; it had built ships and filled thom with guns and men, and provisioned themn for the War. It Lad taken this property from the people,— the property they had produced and acquired by their industry and thrift. It had taken the labor of o milllon of men, and not Laving s dollar to pny for either the labor or proporty it had taken, it issued thesojovidonces of debts and prom- ixes to pny. It was not the Government that furnished the value; it was the people who bad given four hundred millions of dollars of their property and labor to the Govornment. They furnished the only valuo that changod hands, The Government took their labor and property, and, instend of pay- ing them therefor in any money having avalud known 4o civilized nations, it gave them, as evidences of debt, an improved kind of quartermaster's receipts, with n promiso to redeom thom in money, i, 6., gold coin, wlhen, a3 Justice Baanrey, of the Su- premo Court, says, ‘‘the extrrordinary omergency under which they wore issutd was pasked.” We do not supposoe that the Convention seriously meant that the Government should print notes and give them away to whoover applied for them, ond yot that is the only view in which the Government could be said to “provide a currency.” Tho Government loes not, and never has, provided a gold and silver currency. The gold and silver Lave been furnished by tho citizen, the Govern- ment morely coining it in certain sizod picces, and stamping thercon certain terms certify- img that cach piece contained n certain weight of gold of n cortain finencss. It can- not bo said that the mero coinage of a man's gold and silvor into dollars and engles is fur- nishing the country with a currency. Nor can tho taking of n man's property, or his time and labor, and giving him & certificate that the Government owes him therefor and will pay him theroafter, bo called providing the conntry with a currency, The power to coin metals into money was given exclusivaly to tho Gencral Government, 50 as to have but ona and a uniform system of coins, aud not that it was a duty incumbont upon the Gov- ernment to provide the people with a our- rency. The people furnish their own car- rency, They give their Inbor and the prod- ucta of their labor in oxchange for the labor and products of the Iabor of others, the rela. tive values of the exchanges being mensured by tho standard recoguized by all civilized nations. As in this country, so in all others. England and France coin gold and silver for the owners of bullion, or they exchango coin for bullion, which in turn {s coined,—the nagonoy of the Government boing merely tho ‘mechanicnl one of molting, stamping, weigh- ing bullion, ealled coining of other people’s gold into pieces of monoy of thelegal woight and finencss, The Government of the United States took four hundred millions of the people’s proporty and labor, and, having no money to give in oxchango therefor, gave them its promissory rates. 'Thero is not a civilized Governmont now in cxistonca that provideaa currency for the people eavo in tho way we havo stated; and the Detroit Convontion in ita resolution on that subject aserted a fallacy which will ba obvious to any one who will give the subject tho lenst examination. It would be simply impossible for & Government to “ furnish a enrrency ™ unloss it first took tho valuo of the same from tho pockets of the people and then converted it into currency, 2 Tarta of & year at tho same rate, WAXTED~—Orio activa agent In cach town and village, Bpecial arrangements made with such, Apecimen coples ment fres, o prevent deiy and milstakes, Do srire and glve Powt-OMce addrens In full, ncluding Statoand County. Eemittances may be mada either by draft, expraxs Poat-0flics order, or In registered letters, at our tiak, TERMS TO CITT BUBSCRINERS, ¢ Dally, delivered, Sunday excopted, 275 centx per week, Daily, delivered, Bunday included, 30 centa per week, Addresn THE TRIBUNE COMPANY, Corner Madiron and Doarborti-ata., Chicago, U, TO-DAY'S ACADEMY OF MUSIC-ITalsted street, between r‘h(l(lou and Mouros. Bronuau & Wars's Combloa- on, HOOLEY'S THEATRE—Handolph street, between Clark and LaSalle, Eugagement of Emerson's Call- fornls Minstrals, Afiernoun and eveniug. ADELPHI THEATRE—Dearhorn = street, corner Manroe, Engagement of Uliver Dond Byron, * Don- sid AlcKay” " Afternoon and evoning, McVICRER'S THEATRE—Madison streot, between Dearborn and State. Eugayement of Edwin Adaws. * Enoch Arden," CHIOAQO THEATRE~Clark atract, Letweon Ran= dolph and Lake, ** Hestiwund Diamouds,” BURLINGTON MALL~—Corner Afato and Bizteenth wirosta, Charlos MucEvoy's * Hibernicon.” “socE TESPERTA LODGE NO, 611, A, . & A, M-Tegu- 1ar communication this (Wednesdag) eveniog, Sept, 1o TILUD DEGREE. Viltinghrellirsiconlially jovitad, AS. 1, BRENAS, W, 3, CIIAS. F, FOERSTEN, Sec’y. GAIDEN CITY LODGE M1, A, F. sud A, .= A stated communication will bo_held at Orlental 1all, on Wedoesday night, Sept. ). Work on tha 31, M, De- Sroo, Viniting brothiren fraternsly invited, Ly order of tho W, M, L. L. WADSWORTLL Soc. USINE: Dr. L. T, Haves, whoattonded the millonnlal i Icoland o fow montbs ago, sud who I8 conse- quently in n position to spesk intelligontly of averything pertaining to tho island, haa written 8 tettar o tho Now York Jerald oconcorning the rocont voleanio eruptions. ffe eatimatos thay one-third of Icoland has hoen rondered uniubabe itablo. 'Tho present eruption has been raglog with greater or lesa violenco sinco Christmas, "Throe Inrge orators are incessantly roaring and thundering. As we bave alrondy noticod, the poople foar most the ravagos of scorbutic dis eases, which will inovitably appoar it the sup. plica of froeh meat, rilk, eto,, are out off. Dr, Haves enrucstly seconds tho avponls that ars being mada in England for tho reliof of cho dene tituto and afllicted poople. He hopra that the United Btatea slso will contribnto somathing to thia worthy cause. There cortainly ouzh’ to be domo monoy in Amorica that can bo spsrod fur the poor poople of Iceland, and vorhapa our Governmont can now be induced to look more favorably on the schemo for the emigration uf Teelanders and thoir settlemont in Alaska. Al that thoy ask to decide thom jo this matterlaw promise of free tranaportation,—which porhape the American Govoroment might affordas & work of morey, if not as an economioal enterprise. ———— The new dacoration to be bestowed by Come gross for horolc doods in saviug lifo will mani foatly hiave ite uses; sud (rat of all everybody witl agreo Miss Ina Lewrs should bo haovored in this manner. Hor recont exploit, already noticod {o Tug TRIDUNE, bag rovived tho story of her lifo, which ie agsin belng clrculated by the news papers; and ber namo ia honorably mentioned wherovor it {8 known, It would be aomotling to the crodit of the sex it s woman sbould re- colvo the first docoration of this Kind—it the first Amorican hero publicly proclaimed as such should bo s heroine, TARY PITY TARIR QR Abn Iadios who perpetuste the besuiyaf thelr glrihood with Lalvd's Bluom of Yonth, most, ‘tndond, pity tholr unfartasiats grandwanias who plestarsd thaie facos with wulgar rod and whita pigments.” Whata comfart it must Bu Il"‘ludmlcol atic 50 pevrioss and so harmloss, Sold 7 all drugg The Chicagy Eeibune, ‘Wednosday Mormuog, September 1, 1875. MOTITERS, YES, Greenbacks ot the Now York Gold Ex. chango yestordny opened at 873 and closed o rhado higher, Tho two oxtremes wero 87} and 87}, The gold bulls, in the hope of {urther unsecttling the valuo of paper cur-~ rency, would bny no greenbacks. Jomy M. Taarouen, present Commissioner of DPatents, lns resigned his position, the xesignation to take offect Sept. 80. Ex-Rep- resontative Dozwn of the Twenty-fourth Now York Congressional District, will assume chargo of tho Patont Burcau after that dato. Tho Commissioner of Internal Revenuo has decided that Gaugors, as woll as other peopls, 'ghall bo worthy of their hire. Inother words, they are not horeafter to ba paid their 26 gor o day's work whon they have performed no duty. Mr, Pratr has also decided to dis- chargo all speoinl clerks for Supervisora This last move will result in a saving of $125,000 annually. — g There wero two Hamlefs in Now York Mondsy night, but South Bond, whigh had been prome ised ono, had nonoat all. The local papor ex- plaios the difilenlty by eaying that tho *‘leadioy man” got drunk and his wife loft him. We are ot s loss to lmagmo wby domestis infeliotty of thlg kind should interforo with a corroct reproentation of the play, The Joading man was sober enongh and molancholy enough by Monday night to play Zamlet with great ear nostnosa and aplomb, —_— Tho farmors of Southern Minncsota, Wis- «consin, and Dakota on Monday night received an unwelcome visitation in tho shapo of n rarious raln-storm, tho honviest of tho sum- aer. The damnge Lo grain already stacked has heen eonsidernble, tho forca of tho rain being 80 great as to pormeate to tho middle of the stacks. Not a littlo loss wans occa- sioned by tho washing awsy of railrond tracks and bridges. THE “UNIOR" CLUB. Aftor sovernl unsuccessfal efforts, which cost n motorious contraator a considorable smount of money for wines, liquors, and cigars, and a small amount for cold victunls, the ward politicians and politienl hangers-on have succeoded in forming n social club. Thoy call it-tha * Unfon." The nama is sig- mifleant. It ropresents o union of intercats snd s unfon of purposes. It is an alliance, of- fensivo in n donble sonso, and defonsive, but particularly offonsive, Thero is a united do- siro and a universal intention Jon tha part of {tlis organization to plunder the tax-payors. Some of tha members ave doing it now ns office-holders, nnd blackmail Aldermen sud Commissioners 3 mome ns contractors ; othors hope to do it s office-holders and atill others ns controtors, Thero wro nominal political difforences among tho members. A pact of them have sated with the Republican party in the past, and & part with tho Demo- cratio party, but all have now combined iuto 4 “ Union,” with mutual ambition for spoils and o common rendezvous for sponding them in riot nnd dissipation. In this * Union " Club there are County Commissioners whose votes have froquontly placed thom under serious suspicion ; thore aro contractors who are the succcssful bid. ders for the county ;upph'es and works ; there are officers of tho Poor-House and other covnty institutions who sccopt and approve of tha supplies ; thero sre Aldor- men who help to control the finances of the city, and ita jobs, lettings, and logislation ; there are vote-brokers who undortnke for a consideration to furnish a cortain class and certsin number of ballots; there are biddors for office, and bidders for city wark, and bidders for every conceiv- sble oppoitunity for plunging their hands into the City and County Treasuries. All theso parsons can well afford to out looso from for- mvr political ties and join hands in the boan- club in the common causo of plundor. The Democratio strikers can vote with the Repub- lican utrikors, and the Republican blackmail- ors can vote with the Domocratio thieves, as their mutual intorests suggost, and then all can como together in the greatest harmony in the rotten bean.club to celobrate their victory over the people wWith tho poo- ple's money. * United wo atand; divided wo fall," {8 tho motto of the * Union" bean-club, The harmony of intorosta will bo swonder- fully promoted by tho flowing bowl, and office.bolders, offico-scekers, voto-brokers, contractors, go-betweons, and knock-downs, barnacles, fuancis! agents, county and clty officlals, hangers-on, bummers, leachos, and public thieves of all Linds, bave at last an opportunity of wallowing in the swill ab the publio trough, It mey bo well to remind those parsons that thore was once tho samo sort of dlub in New York, after which the ‘‘Union" bean scems to have boen modeled. The New York club was ealled the * Amerlcus.” Its membaership was composed of protty much the same kind of rascals a8 those who have formed the **Union.” BosaTwrexp heldabout thesame relatlonship to tho Amerious whioh the Head- Centre of the beanites hiolds to the Unlon. Mosars. CosNoLLY, SweaNy, WatsoN, INozn. BoLL, GaRvEY, and other gentlemen of the same siripe, were officers and prominent mombers, City Commissioners, County officials, Btato Honators, and even some of tho Judges of the ocourts, belonged to tho Amerious, They bad thoir club-honsa in town and thelr subwurban resort on Btaten Ldand Thoy had thelr winssuppers, their ysohiing-excursions, thelr woman, thelr lux The Kropatchok rifle of Austria can fire fiftosn ghots In ton #oconds, snd bo manipuisted though the fingers be numbod with cold. The next (uvention ahould be a mitraillonse capabla of dixcbarge and diroction by a corps of slsagh- tored artillorymon, It is altogother probable that a radica) change in the policy of tho Governmont with roference to tho Indian question has been decided upon by the Administration, and that thero ia something more than rumor in our Washington dispatch stating that in his forthcoming message to Congress tho Pres- ident will recommend tho transfer of the Indian Bureau to tho control of the War De- partment, Tho ovents of tho past fow wmonths havoe clearly proved that tho lofty schietno of starving the Indians for the on- richment of tho.cleot who have beon singled ont by tho various religious denominations as the inhoritors of rich and purely tangible and material rewards upon ecarth hos not beon so euceessful in Chris- tianizing the copper-colored pngans os in swelling the gaina of dishonest Agents nnd contractors. It is no longer a mattor sus ceptible of argumont—it is unqugstionably truo—that your uarogenerato army officer, albeit *“ full of strango onths, and bearded liko the pard,” is vastly profersblo to your truly szactified Indian Agent as a dis- penser of Government bounty; and the chango is sure to como. With its recom. mendation by President Grant must come the retirement of Drravo na o logical se- quence. Altogether the prospoct is excollent, —_— A Doston papor noticea with alarm that five of the ssvon Congrossional candidatos in Missourk aro Colonels, ono a Major, and the last s Gene orsl. They cannot hope for olection. No true soldlor will care to run before tho people. Tho Canadisu Govornment fa proud of itared men, and soxions to preserve thom. Liquor- dealors who furnish thom fire-water aro fined #5600 and imprisoned two yesrs, And the worsh of it 1s that tho flne 18 paysble in gold. ———e PQLITIOAL NOTES, Tho Hon, Juilus O, Burrows, of Michigan, is now on his way home from Californis. He wilt stop in Iowa and take part in the campaiga thore, boginning in Counel! Biuffs with & rouslag Republican speach next Saturday. The Domocracy of Lafayetts County, Missie aippl, are to nave » grand mass-meeting and barbecus to-day, Addresses aro to bo made by @en. John B. Gordon and L. Q. C, Lamar Tho rallroads have establishod Lall-faro rales for this day and ocoasion only. Another frisnd of the groenback, tried and true, hss becomoindignaat and stoppod biapaper, His name {s D. D, Martin, and he writes from Harrlsonville, Mo., to the Bt. Louls Globe-Dems ocral that its position on ‘the ourrency question does not **aoot.” He wants to have the paper discontinued. The editor remarks that Martin muoat ba **hard to soot.” Two of the Domocratlo organa in Missoun look askance atthe mow Conatitution becauss, aa they bavo boen assured, it will owe its adope tion as much to Republicans ra to Democrats, The papers in queation are the 8t. Louls Times and tho Kansas City Tymes. Thoy do not kuow euough about Constitutions, aa a ruls, to sy what s the matter with this one, but tne fack that {4 has Republican support looks bad W them. The hard-monoy Democrata bave generally agreed to pureuo the Bird pollcy with reference to the campaign in Obio. It coosists in sssiste ing the fuflstionists to win, and postponiog the sssault npon their principles until & more con- venlont season. This polloy i ingenionaly sone trived to injure the Domocratio pasty, let the result in Ohfo bo what {t may. It showa the hard-money Democrats to bo in the same fear of the inflationists e Felix was of Paul when be sald, *¢ Qo thy way for thia time; when I have » convenient season I will osil for thea." Bonator Ogleaby ia ko speak in Cincinnatl on the 8d iaat, It {u aupposed thas he flopped on the ourrency queation at the same time with Senators Ferry and Morton, and consequently ho is expectod to doal lightly with the bloods soalod ourrency. Dy the way, there are jodics- tions tuat Benator Oglesby’s colleagus also hss weskened in bis fnflation views. The Iilinols State Journal, which is supposed o volos tha opinions of Benator Logan. duclares thatitis not in favor of aoy inflation beyond the $400,° 000,000 Limit § or, in otber words, that it will b8 satisflod with the relssus of the 'renerve” e tired by Becretary MoCullach. Porsons not familiar with Wisconsiu politias mey have pposed that the five Democrals whose . were sppended to the recent pro* tast againet the re-clection of Gov. Taylor bad no prominencd in the party. Such {anotthe oase. The La Crosse Republican and LeadsP gved thelr potliloriatanding aafollovwes *Walled Tocent sccurate estlmotes placs the number of “trampe,” or wandering, idle, viclous characters, in {11 Btate of Massachuseits nt 40,000(), Yet we hear great deal said about tha *idlouess” of tho Southern peaple, the *non-working clatscs in the South,” by the Republican papers, who mako the sasertlon that every rasn in the Norih s % busy,” and contributing fs shiaro to tho general prosperity, The number of thoes Idlers tn other Northern States is proportionate- ty large,—Loutsvitls Courler-Journal. This absurd argument of the Courier- Journal wonld be unworthy of notico were it confined to that paper, but as it is the stock argument of all the Bouthern papers in denling with the question of Northern vs, Southorn industry, it should bo answered. Doos not the Courier~Journalknow, oris it too prejudiced to admit, that these trampa of Massnchusotts, of New England, and New York, are not the Northern paople, but the dregs of European emigration, the lazy, vielous, and dissolute classes, who would rather beg, or even stenl, than work? Doesit not know that thetramps abound in thoNorth Decauss the North 1s industrious and prosper- ous, and is able to give them & living ? Doesit not know that they always flock to places where the people are prosperous enough to give them somothing? Doos 1t not kuow that thoy do not go South, becauss industry does not gonorally provall in the Sonth? Wera every man at work fn the South, gen- oral prosperity would abound, and the tramps would then flock thore as they now flock to the New England States. At prosent, a tramp would starva in the South before he had tramped any oonsidorable distanco. The 40,000 tramps, however, do no} number 10,000, nor probably oxoced 5,000, all told. The South Town Board are onca more wrestling with the subject of galaries, It is tho same old atory of warring clemeunta—on tho ono asido a disposition to insist upon honesty and cconomy, and on the other nn effort to repeat the grabs and steals of former years, In the prosent Noard, as in thoso preceding it, there are 8 fow of the Justices of the Peaco who manifest a de- termination to cut off the big bonanzan which the Collector, Asscasor, and Super. visor have enjoyed in yoars past, aod to limit expenditures within the bounds of statutory provisions and common decenoy and hon. esty; but the tax-grabbers who stuffed ballot-boxes and hired ropesters to eloct themelves are making thelr oustomary dead-sot against the Town Trensury, and ore etronuously demanding such a schiedulo of salaries nashall relmburae them for cloction axpenses and loave them a small for- tune in tho clear. 'Tho elament in the Board of Justices who would prefor to reform the dutrageous practices of former years secems $o bo unusually Iargo at prosent, butas thoy aro confronted by a set of bold and unscru- pulous town officers, who will move heaven and earth to sccomplish thelr steals, it s qguite problomatical whether thess rolds upon the tax-payers will bo euccesafully resisted. The Town Board have paused for more light, _and the kind of light they are disposcd to re- ceive will detormine their future action, The Chicago produce markets were frrog- alar yesterday, with a large brsiness doing, Afess pork was active and 15@206 per brl higher, closing at $20.50 caal, aud §20.50@ 20,55 for October. Lard waa quiet and 50 per 100 lbs lower, cloatug at $12.00@12.95 cash, and $18,05@18.07§ for October, Meats were 1 good demand and firm, at 840 for shpulders, 11j@11je Sor ghark ribs, aad 11j0 for ahord A new atyle of 01 Catholicismhas rocently beon started jn Italy called *“The Itallan Na- tional Cathollo Church,” which has already brought down upon tho head of its founder, Dosenioo PaNXLl, & wrathful folmination from the Popo, 'The Holy Father stigmatizes the organjzation a9 **an impious sect or fac. tlon, with tho title of Chima Catiolica Nazion- ala Italiana, having prepared for the godern. mont of thesame & constitation called W matico-organico<liaciplinari,” After stating further the falso aud heretical character of PaNzriy's seot, the Popothus blazes at him 3 Wo with our suprems apoatolical suthority con- dsmn and reprove tha schismatical and hetetical faction which takea the nawe of the Italisn Nationa! Osthollo Chureb, which, by ita act, denies that the faith s one, the Ohurch one, aud one its vislble head, 80 consti- tuted Ly Christ, the Lord, It darce toralesa new ond profane edifice of bwman roliglon, with elements of the wazld and the depraved maxims of ths presant century, Wilh the authority of God Omaipotant, and of the Holy Aposties, PETES sud Paul, 6a well sa our outly wih thas Wity we saleunly Qoszmmualats L