Chicago Daily Tribune Newspaper, September 3, 1875, Page 4

4 TIIE CITCAGO™ TRIBUNE: FRIDAY, SEPTEMBER 3, 1875. TERMS OF THE TRIBUNE. BATES OF SUDSCRIPTION (FATADLE TR ADYANCR). TPostage Prenntl nt thia Qftee, ) e 813,00 | Weakir, 1 yea 105 oL igieredd et B Arp oo i 1.:,(5 Bundry Kd 40 copi 1400 bl shoo 2,00 Tarta of & year al the samo Tate, W ANTED—ODO 8ctivo gent in cach town and village, Special arrangementa made with auch, Fpecimen coples aent frae, To provent delay and misiakes, ho sure and gtve Poat-OMco addross In fall, {ncluding Slateand Caunty, Remittances may bo made elther by draft, cxpress Port-Oflice ordar, or IR regletered lettere, ot ouz risk, TRRMS TO CITT SUDSCRIRLRA, - Daily, doliverod, Sunday nxcepted, 223 cents per week. Datly, defivered, Sunday inelinlct, 30 centa per week, Address TR THINUNE COMPANY, Corner Madtecn nud Dearborn-sts,, Chicago, Iit, ——— TODAY'S AMUSEMENTS, AOANEMY_ OF MURIC—TIalated strect, betwcen Madison end Mouroo, lirenuan & Ware's Comblua- tlon, HOOLEY'S THEATRE—Tandolph rireet, between Chirk and TLaSalle, Engagement of Liwerson’s Cali. fornis Mipstrels, ADELPHI TOEATRE~Desthorn sireet, —corner Monrae, Engagement of Oliver Doud Iyron, # Actors the Contipent.” MoVICKER'S THEATRE—Madlson strect, betwoen Dearborn and Siate, Engagement of Edwin Adame, # Enoch Arden.” CITICAGO THEATRE—Clarlt streot, betweon Ran- dofph and Lake. 49 * 1esrtsand Diamonds,’ DURLINGTON HALL—Corner fitatoend Sixteenth $ireets, Charles MacEvuy'a ** Hibernicen,” EOCIETY MEETINGS. WASHINGTON CHAPTER, No. 41, 1% A, M.—Teg- ‘slar Convocation this (Friday) csening, at 740 o'clock, for work n:xl’:!fiu Xl:.ll‘l’lul‘ll. )]2. lk'uln‘m.{ "\'b;lllllz Come panions cor vited, Ny oriler of the P, ¥ CHAS, J.’THU\\')JIHDUL. Sea'ye 1. 0, 0, F.—Tramp, tramp; Tho membera of the Gulago Battatlon ure: equested to muntat Fort Donr- Lorn Hall, corner of Madison sud lshited-uts,, Satur- day ovening, Hent 4, Huluces of importance 10 bo considered. ” All Patrlarchis are invited (o bo prodant, “BUSINESS NOTICES. TARY PITY THPIR GRASDMOTIIRRS. YRS um-m‘:.fi-lml perpeiusio tho LAty of ""1"‘{1'{"’3"“1'}- " o ‘outh, must, iadocd, pi el Bhfactaunt granimanias who pisstoroll (Role facgs with d whits plcnonts, Whata comfort it must motlo 80 pearless and so harmless, Sold o, The Chicags Tribune, Fridoy Morning, Soptembor 3, 1878. Greenbncks nt the New York Gold Ex- change yesterday opened at 879, advanced to 873, and then fell off to 87), at which prico they closed. Tho anniversary of tho surrender of Sedan occurred yesterday, nand wns celcbrated in Germany as o holiday and an occasion of general rejoicing. Yesterday’s advices from the sceno of tho Turkish tronbles nro unfavorable to the in- surgents. 'The Ferzegoviniaus have met with several reverses in their encounters with the Turkish troops, and the uprising in Bosnin has been suppressed. D) Returns from tho Culifornin eloction indi- cate that tho Democrats have carried tho Stoto ticket. It is rogerded as certain that Lurrnens, Democrat, in the Third District, and HovaitroN, Republican, in the Fourth, aro re-elected to Congress. In tho First Dis- trict the contest is narrowed down to Ran- xiNv and Drem, the Independent candidate being nowlero, and in the Escond the vole is closo and uncertnin as between Piox and Tungy, Republican and Democrat, A fenrfal rain-fall oceurred at Dubuque, In., yesterdny. One of the policomoen of that city, overcome with the vigilanco for which the starry tribo aro celebrated, fell asleop under a shed, and, when tho floods cnme, was washed into tho river. ‘The cor- respondent supplomonts this information with tho significant statement that the dam- age dono by the storm was not of a serious charscter. The Catholic anthorities of Monirenl, in deflanco of tha decision of the English Privy Council, are not disposed to allow the inter- ment of the body of Guisonp in conseernted ground, An attempt was made by friendsof the deceasad to carry out the royal onder yesterdny, but the funcral procession was mot at the cemetory Ly the Catholies in forco, the gates barrieaded, and the henrse containivg the body stoned by the mob, who wero reported to be mostly well armed and fast increasing in numbers. At last accounts the military Lind boen sent for, and a desper- 8to resistanco way predioted. And poor Gurmorp's clay is yot wbove ground. et e e s Tho Iaterior, n roligious nowspaper, makes light of tho hopa expressed by T'm: Ciicido A'nnuNE thut tho proposed revival to bo in- ftinted by Alessrs. Moopy aud Sanmer mny rosult in o revival of lonesty, jussmuch ay dishonesty i thoe eardinal sin in Americon political and commercial lifo, Weo prosume, thorefore, that the Jnterior, n religious news- paper, is not in favor of o revival of honesty, ‘I'his wonld not bo in violation of tho char- actor of tho Jnlerior, andis what might be ex- pected of it. ‘Wo havo never yot known a dogmatist to bo either Lonest or charitable, and as the Tnterior is odited by o dogmntist, wo may expoct that paper to use its influenco for arovival of doguma instend of honesty, This simply moaus if you don't travel to Leavan in our couveyance vut patronize tho concern over tho way, you must inevitally Jand in perdition,” From such a rovival, tho peoplo will pray to bo delivered. Loal-estato denlers and firms lending money upon Cook County reul estate hnve avery poor opinion of tho wisdom or ecou- omy of the recent purchaso of abstract books by tho County Hoard, From the interviows with prominent gentlemen in the businoss of buying, sclling, and loaning money upon real estate, publishod in this issue, it will bo soon that they rogard tho books Longht by tho county as next to wortlless for practical pur- poscs; the books being incomplete to begin with, while thero is certain to bo a general sud well-founded distrust of (he accurncy and fullness of abstracts furnished by the political infirmary known us the Recorder’s office. Tt is perfectly apparent that the Coun- ty Commisuioners, even admitting the bare possibility thet there was no ‘steal in tho affair, have bought an elephant (o give the people chep rides, and that tho people, Lav- ing been forced to pay for the beast, will chooss some sofo though more expensive wode of conveyance. It is a bad job, and grows worso tho wore it ia Jooked into, The Chicago produce. markots were gen. crally steadior yesterday, Mess pork waaless nctivy aud o shinde easier, closing at §20.46 cash, aud $20.40@20.45 for October.” Lard was dull und 10 per 100 1bs lower, closing at $12.80@12.85 cash, and $12.00@12.02} for October. Meats were in good demand and firmer, st 8}o for shoulders, 12¢ for chort cibs, and 1330 foz. short clears, ilighwines R R R R R A A A R O R wero in botter request and steady, at $1.19 | valua of thoso ontstanding, It requires moro per gallon, Lako freights were fairly active and steady, at ¢ for corn to Buffalo. TFlour whns quict nud unchanged. Wheat was active and advanced Ic, closing at 81,147 cash, and £1.14 for October. Corn was in good de- mand, and advanced Je, closing b 62{o cash, and 63]e for October. Onta woro active nad 4@je higher, closing at 34jc for Septomber, and 34jo for October. Ryo was quistand tame AL 8nc. Darley was quiet and firmer, at 21,08 for Scptember, and $1.04 for October, 1logs were quict and unchanged, with trading prin- cipally at $7.80@8.00 for light, and at $7.60 @7.80 for heavy. Cattlo wera dull. Sheep ruled stendy. Ono hundred dollars in gold would buy $118.87} in greenbacks ot tho closc. Again the Bonrd of County Commissioners bave forestalled the city nuthorities in the matter of tho Courl-House construction, A regolution was yesterday adopted in the Connty Board providing that only the Hime. stono qurried in Cook and Will Counties shall be used in the building. This action, it was uuderstood, was intended to checkmate n scheme hatched up by interested members of the Common Council to select the Quiney sandstoue. ‘Che latter may be nu oxcellent atone, but its cost wonld necessarily ex- ceed Miat of our homo stone, which iy transported oll tho way by water, and which, for external benuty and de- sirable qualities for building purposes, nat to speak of its cheapness, is second to no building material used in rebuilt Chicago, A better selection could not have been maide by thio County Bonrd, and it is hardly probablo that the Common Councit will elect to mix up matters by choosing tho Quiney stone for tho city's half of the building. In view, however, of the fact that soveral of the Cook Conunty quarries do not contain stone of thickness requisito for somo parts of the work, the ficld of competition should ba en- Inrged by inviting bids for soveral grades of thickness, and thus give all the quarry- owners a chanco to submit proposals. ‘WHY LEGAL-TENDERS ARE DEPRECIATED. I'he experionco of the civilized nations of the world has been that no Government ean flont an irredeemable paper enrrency at par, It may thereforo Lo nceepted ns an cstab- lished truth that such a financinl mensuro is impossible. A eurrency redeemable on.de- mand, whether issued by n Governmont, or by individunls, or corporations, may ba kopt at par, but thia s due to tho fact of its being redecmnblo on demand. But tho value of an irredeemable Governmental eurroncy fluctu- ntes ; it iy not tho samo in all countries, nor is it tho enmo nt all times. It is subject to countless variations, according to the cirenm- stances of tho day, Tor a considerable timo past the greenbacks have had nn aversge valno of §5 to 88 cents on the dollar, but con- stantly fluctunting between thess figures. A question which naturally suggests itself is, Tow s it that the Governmeiit can float its peper currency at 88 cents on the dollar, and be nuable to do so at par ? ‘When n greenback can purchase tho samo valuo of werchandiso that o coin of like de- nomination can purchese, then it is equiva. lent to coin. Tho value, commercially, of curroncy rests in ita oxchangenbility, which is another name for purchasing power. Com- merco is tho exchango of equivalent valuey; and the valuo of currency iy precisely what is given ns an equivalent therefor. Eighty- cight cents in the dollar is now, and bas been for some time, its average purchnsing valne. ‘Tho reason why it is worth B8 cents instend of K0 or 100 cents can best bo reached by considering why it has any value, Intrinsic- ally, it has no valuo. Divested of thoe proba. Dility of redemption, it is not a logal-tondor in payment of debts. In tho nbsenco of tho lepal-terider charactor of tho currency, all debts would bo payable in coin. Legal-ten- der notes, therefore, have a special value, in that they pay debts where, in their absenco, coin would bo necessary. Being in demand for this purpose, this valuo is governed hy tho amonnt of theso notos outstanding, and the corresponding facility with which they can bo obtained. They aro.legal-tonders in paymont of all debts, public and private, ex. cept for custom dutios and faterest on tho public debt. ‘Tho Natiounl Bauk notes are redecmablo in theso legal-tenders, ‘Fhese banks aro subject at any timo to the demand for redemption of their notes. ‘Tho wmajority of the banks—in fact, all well-nrranged banks—keop o largo reservo in legal-tendor notes to meet any emergency. Including the $25,000,000 or 50,000,000 on deposit at Washington to ro- deem abandoned circulation, and the & per cent legnlly-required reserve, and the amount in their own vauits, thero are 230,000,000 to $100,000,000 held directly and indirectly by tho Nations! Banks, As much more may bo said to bo in tho hands of the peoplo—pocket money—held for current expenses. This leuves, outsido of the amount in the Trens- ury, about £160,000,000 in the market, dis- placing for tho paymont of all debts, publio | and private, nn rmount of gold equivalent for the like purpose, The greonback hns a purchasing power be- causo it is 8 legal-tender— 1, In paywment of nll private debts. 2. In payment of all taxes, 8, In redemption of bank-notes, 4. Tn paywent of checks against deposita. They anawer the purposo of coin for these urposes, snd have thereforo a marketablo value, Every debtor avails himself of tho opporturity of saving the 10, 12, or 20 cents; Le thereforo buys greenbacks and pays tho debt. Tho demand for greenbacks for this purporg, involving nearly all the credit trans. cetions of tho country, rogulates the prico of tho curzency, "They huvo twa other oloments of valuo: Their conventoneo for handling and traus. | portatioun, and the underiying expectation that their promiso of redemption in coin will Lo redeciued. The lust i3 tho most hmpor- tant of all, 1 tho volume of greenbacks on the markot wero wuch inereased, the supply would bo so much greater than tho domand for paying dobts, and the facility for obtuining them so increased, that they would command greatly reducod price. If their volume was reduced, and the dilfioulty of getting thun.inerensed becauso of their searaity, ther their price ss oquivalents of gold to poy debts would be proportionately increased. It is ierefore to Lo pssumed that tho amount of greenbacks can bo reduced to that poiut where the de- meod for them as legal-tender to poy debts would carry their valus almost up to the valuo of the bank notes of specio-psyivg banks. As their use must always be confined to do- mestio commerce, they must necessarily be olways of less value than the coin, which can bo exported when needed. Here, how- over, is the difficulty, which can only be overcome by practidal experlence, ‘Lho lackiog up of fifty or eighty milllons of cur- zonoy has the inatant eZect of inorsasing tio gold to buy tho legnl-tonders. Tho question of how many millions of legnl-tenders can circulato and command 98 or 99 cents on the dollar in gold is ouly eapablo of being an- swored by a practieal trinl. Wo bad § 000,000 of legnl-tenders from 1868 {o 1873 ; then they were increased to 182,000,000, and now stand at R574,000.000, It ix certain, therefore, that, nftor allowing for tho amount withdrawn from nctive cirenlation and held by savings banks a9 a resorve, and nsed in Qaily transnctions, the supply on the market for peyment of dobts ia far in excess of tho demand. 'T'on yenrs after the restoration of pence, they are worlh but 88 cents ns a sibe stitute for coin in the payment of debts. They offer tho dclbtor a margin of 12 cents on the dollar jn the payment of his debts. Tho retirement of the National Bank circulation is reducing tho re- serve of legal-tenders held by them, and throwing that much more of legal-tenders on the market. How much the present volume of legaldenderais in excess of the demand iz nmatter which can only be guessed nt. All wo know is that tho supply is vxcessive; from this wo know that the amount outstanding should e reduced, and tho best way to find out how much that reduction shonld be is to nuthorize A gradual reduction to continuo until such titno s the demand for legal- tenders to poy debts and redeem bank notes shall advanco their valuo to ns menr par as any irredeemnblo pnper can be carried. Theso legal-tender notes have but one clament of monoy, and that is that they ecan bo forced upon u creditor in payment of a debt. Bo- yond that, they aro mero credit, cortificates of indebtednesy, overduo obligations, worth only what n man will give for themon the chanco of evontual payment, For their only availablo purpose, tho supply is excessivo in the proportion that 88 cents bears to a dollar, THE ADVANTAGES OF WARM WEATHER. It is o diflieult matter to convineo peoplo of tho benefit of any cirenmstance which jn. volves personal discomfort, One would think that tho warm weather ought to have Leen welcomed liko a long-cxpected friend whoso coming had been postponed by unavoidnble delnys. Instead of this, we reccivoit ng an uuseasonablo guest, as wo would receivo n dilatory and unapprecintive person who has kept dinner waiting, We literally sweat and fume over tho situation. Consolation is sought, nccordiug to dilferent tastes and asso- cintions, in beer or ices, and genorally with the snmo results,—increased discomfort and disgnst. It is a calorio that explodes in cx- pletives more expressive than clegant. Noth- ing cools in such weather but tho bonds of friendship and the bonkomie of social inter- course, It serves only ns a scvers tost of temper, and that generally snaps, Wo take onr lesson in the chemical properties of hent with a good denl of the ssme terror that the school-boy appronchies the Greek verbs, We look forward with dismay to the terrible pos- sibility of paying for the delights of a cool summer by the sufferings of a hot and sultry fall. We aro impaticnt under the infliction and refuso to bo comforted. As o matter of fact, however, tho warm woather could not have been more timely. 1t comes ns if especially ordered for our ben. efit’ by a far-scoing nnd benevolent I'rovi- dence. It is sent to ripen tho corn, nnd in’ riponing corn to bless tho whole continent. Abundant corn is tho evidonce and promiso of proaperity, It is the flower and kernel of agriculturo. It is the stimulnnt of general prosperity in its solid form as well ps the national stimulant of American humanity in its lignid state, Ono is diffusion ; tho other quintessence, Chenp and plenty corn means cheap and plonty food for the entire people. 1t is tho nliment of man and beast. It prom- iscs stont horses, fntcattle, and rare sheep aud hogs. It furnishey cheap meats and abun- dant lard. It keeps down tho prices of com. peting grain. It enables tho farmer to de- velop everything into the most plentiful and Iuxarinnt condition, It provides in mani- fold ways an increnso of oxportabla products. 1t assures peaco and plenty, This is what the warm weather brings us, at which wo protest aud repine so ungrate- fully. With (ho thormometer in the nine- ties for a fow days now, both rich and poor may look forward to an ensy supply of the coruforts for the cold winter that is to follow. Theso warm days aro tho best foundation wo could ask for a prosperons season, All through the country, from the northern limit of tho corn-growing scction to tho southern, thore aro vast flelds that lod been brought to o condilion of cx- ceptional abundanco by the rain, and only nwaited tho steady glaring of the sun forn few short dnys toripen them. The wetsonson has done the corn much more good than harm ; whero it has not beon actually flooded and swept away, it is of largo growth, rich, and abundant. Our discomfort in the city, which beer will not drown nor ices quonch, ja tho fortuno of the farmer; and Lis pros- perity is coincident with that of the Amori- can people, THE DAY BEFORE RALSTON FEIL, Tho telograph has already brought very full and vivid necounts of the scenes which transpired in Ban Francisco on the day of the callapso of the Bank of Californin and tho ovonty which have happened sinco, The mails now present a very suggestivo picture of whnt occurred on the day before the Bank of California succumbod, whon tho * Kings" of money on one side and Froop & O'Bniex on tho othor were waging the deatb-strugglo which was to end in tho uttor discomfiture of ono or the othar, 'The scone reminds ono of tho conspiracies and dosperato e¢fforta of the gamblers on memornble nights to broak the faro-banks of Baden and Iomburg In Germavy, Thero was the samo terriblo ex- citement, the snmo desperate, rockless use of 1money, the same relontless fury, the sume enorgy of dzspair, ‘The Ophir mining stock was tha objactivo point for the possession of which the rival Kings of the Bonanz wore struggling. Froon & O'Burex wanted Ophir ns oue of the wost important links in o chain of mines which they are determined to have. "I'o get Ophir, they must mako IlarsTon lot go of it, and to muke him or tho Bank of California let go, they must tighton wup the monoy market; in other words, put larston's hands into o vise and squeezo them until ko was compelled to drop tho stocks ho was clutching so despor- otaly. 'Thoy brought overy trick and strata- gom known to the unscrupulons aud cuuning copitalist to bear upon this process to make iho bauk crowd unload Ophir. Having o bank of thelr own with large capital, thoy used this as the principal battering-ram ogainat tho Bank of California, They loaned wouey less frecly, Thoy flooded the market with other mining stocks, running the prices down so low that every omo could invost. Then they made thelr first serlous assault upon the Bank of California by withdrawing nearly §2,000,000 in coln deposited in it aud Jocking it up on specinl deposit elsewhero, Thus Freon & O'Brirx kepl on until they had anceeeded in locking up §7,000,000 in their own vanlts, 23,000,000 moro i the rivings-bauks, and several uitlions more in tho country, 'W'ho San Francisco Ohronicls of the day before tho erash says : f£ivery ono knaws that the money market needs no The artificial aia to stringency at (hix time of year, conlfa already in thoconnte: for tha pu “ moving o crop.’ Tho finaniclal needs of commer- clal men in this ity are largo, Dealiles this, tho draln of gold to the East has been heavy for soveral months past, and only diminishod quite recontly, tho abipe ‘ments last weok having searcely ninonnted to §125,000, Ationt $15,000,000 {s Buppomed {0 ho necessary to mako tholocal market eany, Whien four or fivo millions nre withleswy, fty absenco I serioualy folt, Bue Froop & OBiIEN aro supposed to Lavo sn actual dopostt, and Tocked up i various wava bereafter tobo explained, not far aiort of $10,00,004, When this ten millions was seearely locked up. Froon & OBumy had trinmphed. Ophir went to the hnmmer nb ruinous rates, nand fell into the hauds of the enomy, 'Then camo the whispored snspicion that the Nank of Californin was not ablo to redeem ity de. posits, 'Then one, ten, n hundred depositors checked out their money, 'Fhe rush of ox. cited and alarmed depositors then began. ‘Thousnnds rushed for their hoards, The bank eould not get the gold to meot all these demands on sight, becauso Froon & 0'Brizy Iad locked the gold up securcly. The otber banks could not help, beeause in tho tighten- ed money market they must save themselves, RavstoN was hennned in on overy side. 1lo was complotely enveloped in the meshos of tho not thrown over him, 1Io could not ex- peet Froop & O'liney to relent, for it was Froop & O'Briex's programmo to break him down. This was what they were fighting for. 1lo could not expect the other banks to help him, for the viso was squeezing them also, and self-preservation it tho first law of lifo, 1lis own stockholders, who were amply ablo to help him, wore displensed with his reckless mnnngement of tho bank, aud would not come to his rescuo, 1o was alono in the midst of his enemies. 'Tho ancient Greek Nemesis was not moro implacablo, The inevitablo crash enme. The bank collapsed, and the wretched victim went to his death, like tho hnggard gambler who, having ven. tured his all upon tho throw of thu dice and lost, puts the pistol to his head nnd fires. But tho Kings of tho Bonanza got tho plun- der for which they had fought. And Froon & O'Braex will rule the moneyed realm of California until somo more power- ful or more cunning rival unseats them and their bank in turn collapses. There must Lo moro crashes, moro panies, more min, o long as business is managed illegitimately upon the gambling-table instend of ruuning in its legitimato channels, If Moony nud Sawey want to find o field for their Inbors, It them go to Ban I'rancisco and preach commoercial houesty, Lot them nse all their cloquence and logic to stop this tide of reclk- less speculntion, proflignto living, unwar- ranted uso of other peoplo's money, nud gambling in stocks, which is paralyz- ing logitimate business, defrauding the poor nand honest, aud invelving wide- sprend rnin that a fow of theso Bonanza Kings mey prosper. There is no aspect of this collapsa which does not point a moral. ‘Fhero is po punishment which can bo too severe for a crowd of capitalists who deliber- ately conspire togother and succeed in erush- ing n solvent bank for their own rolfish amd ‘mereenary greed. Whilo tho publie may not have much sympathy for the tragic fate of Razstoy, thero can bo but one feeling with regard to tho course of tho men who ton- spired to break down his bank and honnded him to his death in doingit. Their victory ig completo for tho present ; bat if there bo nny virtue or honesty in the peeplo of Cali- {fornin, thero will bea day of reckoning for Mossra. Y'roop & O'Burry, who precipitated this enlamity npon that enterprising State, ‘Thoy have provoked their own fate, —— THE BOUTH TOWN CGRABBERS, Tho Town Board soems to be little influ- enced by pnblic opinion. Thoir indifference in this regard is fully illustrated by tho voting of 31,600 to tho Town Clerk forp fow days' work. As 3100 would bo abmdant and liberal compensation for all the work the "Pown Clerk does, this item shows tho mean and dishonost disposition of a mujority of tho Board, which is to gotas much of tho people's money ng possiblo, It is n mntterof surpriso and regrot that two of the Justices of the Peace voted in favor of the grab,— Messrs, Foorr and Mecow, + Wo know little of Foorg, sud that littlo was hopefal; but his nction ig cortainly n most unfavorable in. troduction, Something different, however, way oxpocted of Merem That gentleman hag boen ou office.sooker for a good many years, and having finally succeedod in gotting the nppointment of Justico, through the in- fiuenco of several honest men, it was expect- ed that ho would compensate the public by sustaining the publio interest whenever op- portunity presentod itself, ‘I'wo of tho other Justices—2lessrs. DeWorr and Smntenrierp —aro oqually blamable for having yemained away, thus giving Messrs, Evans and Puir- vaes, the Collector and Ausessor, the oppor. tunity of acting as members of tho Board and voting for thoir mutual bonofit and against tho public good. ‘The condnct of the Justices of the Parco with refarenco to theso town grabs should bo carefully remembered when the tito couies for reappointment, Justico Mexcu nlso camo forward ns an enruest supporter aud ardont ndwirer of Mr, Mixe Evans, tho Town Collector, Ile au- nounced that Mr, Evins had collectod $516, 000, nnd that this awmount is all of the State, couaty, and town personsal tax that haa boon or over will Lo colloctod for last yonr. Asa mattor of fact, this is a very bad showing for Mige Lvars, If all tho personal tax that is paid must be colleoted by the "Town Colloctor, then it was Evans' duty to collcet tho whols of it, 'The personal tax lovy for Sonth Chi. engo for tho last yoar wns $754,000, Mr. Ev. Axy thon collected considurnbly lesy than half ot it 'Tho collcction of & portion of it wag cujoincd, aid bo shouldnat be held pecount- able for that; but, making allowance for the injupctions, Mr, Evans did not colleet moro thau half of what he ought to bave colleotod. "I'no colloction of §:31C,000, thercforo, cost a vory largd amount of monoy. o begin with, if the town oflicers cost 13,000, that nmount represents a part of the cost of col. lecting §314,000, for this is all the practical occomplislgnonta of the town officers, To this must bo addod the amount which tho Callactor fafls to collect, sinco Br. Mrron tolly s that this alweys romains uncollectod. A fair statement, thou, of tho cost of collect- ing 316,000 %s aa followas Bulapies of lqwn oficer $ 43,000 1 tod fud lout. TOtalscorvissnssressessronnesansnesnssen $3H0,000 Accordivg to this showing, then, the col. loction of #316,000 of pereonal tax of Bouth Chicago, undor the present system and with the preseny offlclals, costs the people mors than 100 pr cent, Thess ‘Thwn Boards ars the most demozalis. ing and corrupt political institutions in thocity, I'he town officors avo elocted in the spring hya disroputablo mob, which indulges itwell ad tibituin in reponting amd ballat-hox atufling, theroby corrupling by examplo and contami- nalion every other elestion held in tho city, After having cleoted thomselves in this cor- rupt manner, tho whole business aud singlo nim of the town ofticers i3 to geab ae much of the pablic money ns they can, Thele par- posa conld bo defented if tha Justices of the Tonce, who nro ¢z afficio membors of tho Bonrd, woukl do their duty. But whenn couplo of thess nbsent themsclves from tho Bonrd nicetings, and a couple moro voto with (he grabbers, the schemo is carried out, and the peoplo have to suffer tho most infamons extortion, in proportion to the amount of money involved, that hins ovor been practiced in politics, 3 A LOST OPPORTUNITY. Tho inflationists tecl badly, They have lost an opportunity—n golden opportunity. When tho news camo of the faiture of the Bank of Californin, they threw up their hats in their exuberanco, It was aceepted nsn domonstration that gold ns a currency {8 no bettor, and in fact worse then groonbacks, Tt only needed a panic ng tho natural result of tha failure of {his bank to eonvinco pll the world of (hin fuct. DBut they have wailed in vain, The panie hias not come. The peoplo of tho Pacifle Slope still seem to prefer solid gold to rodemptionless scrip. « Thoy bave mnde no motion townrd substituting tho lat- ter os their currency. They are still willing ta soll what they Lave for sale nnd take gold in payment. In fact gold oven isn't at n dis. count. It does not go bobbing np and down ns o result of the closing of a bank’s doors. 'The intlationists ave perfectly nstoundod at alt this, and aro very much afraid they will have to await apother ocension for proving how much more liable n peoplo are to suffer a panic with gold for currency (han with irredeem- abls monay. When Jax Cooxs & Co. failed in 1873, tho entive country, with tho cxception of the Pacifio 8lopo,~—which had n sound currency, —was thrown into convulsions, The Jax Coork failuro was speedily followed by other foilures among banks which lLad been en- goged in similar kinds of wild speculation. It was not many days beforo the banks throughout the country were suspending payiuent, either temporarily or permaunently, The peoplo overywhere wero pauic-strickon. “Thero was a uviversal shrinkago of values. The Inck ‘of confidence put a check upon Dusiness operations of all kinds, ‘[lfo effects of this singlo failure, with a bad currcnecy in tho land, ava only now—two yenrs nfter—beginning to disappear. Yot Jay Cooxe & Co. wero mnol ns genernlly and intimately connected with tho business and prospority of the Last as the Lank of Cali- forpin was with tho Pnacific States. Tho Bank of California was interested in all the grand onterprises of California and Nevada. It controlled tho mines, the manufacturing, the products, tho transportntion, sud the politics of San Francisco and the State. Iad its failure followed tho courso of the failure of JAY Cooxe & Co., it would have earried down with it protty much all the other banks in the Pacific States; it would have turned ont cata and dogs for nssets; it would have brought on Inrge comnmercial failures, and thero would have boen o nniversal smash-up. This is what ought to havo followed, but didn't. Instoad of repeating the hardships that attended the failure of Jar Cooxe & Co., the people of San Francisco ' have been obstinato cnough in their devotion to hard momoy to refuso to have a panio. On tho contrary, the capitalists intorestod in the prosperity of the country lave come forward and subseribed tho 1monoy nocessary to pay off the liabilities of tho bank tn full and in gold, Five gentlo- men have quietly taken %1,000,000 ench in gold, and advanced it for that purpeso. The Merchents' Exchange Bank, which closed its doors temporarily in apprehension of a panic, sunounces that it lias §6,000,000 of assots and only $1,000,000 of liabilities. T'his is the inverso ratio of tho ssscts and debts of the currency banks of tho Jay Cooke, Hznny Crr.ws, Duncan & Snenyax, and B, F. Aviaw kind, 'Thero is no panio in California and no likolihood of a panic, 'This is exceod. ingly unkind toward the inflationists, wo ndmit. It looks as though it were a blow almed directly at tho head of the venernbls WiLtaay AiteN, of Ohio, It is probably a campaign dodge of tho Iepublican party. The leaders of that party have prob. obly -porsuaded the people of Californin to poy their debla in full and to forego tho luxury of a panio in' order to demoustrate the superiority of hard monoy. It is o great wondor that tho Democratio cheap-monoy newspapers don't denounce it na a trick and afraud, lero woro the most favorablo cir- cumstances imaginable for a grand and gen- eral smash-up, in which all tho gold would suddenly dissppear, or go up aud down no- cording to its scarcity, and plungo the whole community into bankruptcy and despair. "This {8 what ought to "have happened in the intereat of inflation and imitation money, That it hasn't happened is o sovero blow to the Chenp-Johns who proclaimed it when tho failuro of tho Bouk of Californin was first an. nounced. AN UNLUCKY LORD, Ttocheater ia the hoadquarters of what nsed to bo cnlled *tho Lonp fawmily,” and what is now enlled, sinco the exposure of the Cann! Ring, *iho Loan gang." .Tho gang congista of soveral highly respectablo and nearly ro. lated porsons, whoso livea are dovotod to reprosonting Rochester in the New York Log- iulaturo and tuking contracts for work on tho Erie Canal. Thoy rescmble Iweep ju being ‘“ytatosmon”; and the Impending trial of ono of them, Gronce D, Lonp, maoy show that tho resomblance goes farther, Ife bas been arrested on n chiargo of selling his vote, and thoto is nctuntly a good chance of convieting Lim. If o, thero will ba n rofzeshing novelty about the affale that way estoblish a valuable precedent within and outside the State-lmits of Now York, In 1871, Geonan D, Lono waa in tbe Log- {slature, One Lewis I. Bexxerr, of Buifalo, camo to Albany to lobby through a bill for thio ““rolief " of his partnor, who had dono some work on the csnal. ‘The partuer has since testifiod that he was paid all tho work was worth, so that the claim was o sheer swindla from the first. Dxnwerr brought it down to Albany, novortheless, Wheu he got thero, Gronax kindly suggested that he might get the claim allowed, provided two-thirds of the swog was assigned to him in advance. ‘I'hia was done. Ho then suggestod that they ought to mako a good doal out of this, and that a Jarger claim hod better be put in. This was also dode, 1'also figures were propared and sworn to, Baxuerr testifios: *‘Yobtained falso estimatenfrom tha Inspeotor in charge of the work, having pald him o large sum o money." Thus panoplied with Lles, the Hon, | &4,000, (4. D. Lonn bronght in the necessary hill and tob an_ appropriation of $60,0001 OF this, BeNNETT got only $12,000, which ho has jnst been olliged to restora, The Inspector got Ho has just heen nrrested. The ! bribed Assemblyman, backed by the chief of tho gang, Styaton Janvis Lono, actunlly tried to grab mare than the two-thivds assigned to him. Benngrr had fo bring suit to keep Jawvis and Geonge from pockeling moroe than 40,000, All this testimony, and moro of tho samo sorl, was given in (Lo preliminary exnmina- tion of (ronur Lonp, immedintely after his arrest. ITo was held to bail in $15,000, An iden of tho extont of tho ateal can bo got from the ovidence glven by n member of the Caual Commission, who had personally in- spected the work, 1o sworo that 2,208 (days’ work lnd heen done, Lhe Lill presented and allowed claimed pay for 45,603 days' worle, The statutory penalty for Lonrp's alloged offenso is fivo years' imprisonment’ or $5,000 fine, or both. If tho caso is pushied, and the rest of the Lorp family aro as keenly investi- .gated, the family residenco may bo changed from Rochester to Sing Sing. At last the Quiney seandal-caso has devel- oped into something like a tragedy. In this enso tho Rev. Horryax is tried before n church tribunal, where second-hnnd or hearsay evi- donco is adinitted, and whero important state. menta praviously mado aro acceptod in proof, Courts of law exclude such testimony, and, as has been reen in a recont seandal-trinl, much valaablo light is often shut out which could only have been obtained in this way. In tho* Quincy caso tho ccelesiastical court pormitted pavole testimony, somewhat to tho annoyance of tho husband and friends of Mrs, CuaTrex, whose provious statoments to Judge Mircmern, admitting indecent proposals nnd actions of Horray townrd hersolf, wero nnrrated in the trial Wodnesday. The husband of Mrs, CiaTTEN, armed with a whip and rovolver, attacked Judge Mrrcarrrn with the whip, and whon tho latter, also armed in anticipation of the asgsult, pro- dueed his pistol, CaTTEN opened fire and se- riously wonnded his man. In tho course of the indiseriminnte fusilade, an innocent party was shot in the leg. - It was said that Mrs. Crarrex had made a written revocation of lier statements to Judge Mitoners, and that she intended to comploto the retraction upon the witnesg-stand, Just how far tho Indy was or was likely to be injured by tho devel- opmonts, does not clearly appear, as a mild and not very efectivo dogreo of resistance on her part was the soverost roflection embraced in tho testimony of Judge Mircuetr. The Intter’s eredibility is left intact, though lis anatomy hns sulered from Cuarren's bullets, nod it isdiflienlt to poreeive bow tho situntion, s either effccting tho Indy or hor pastor, has ‘been improved by the shooting affray, An Old Settlors’ Iteanion in Missourt has deawn forth o lotter from the mocond femalo chlld born in Kentucky, now n littlo over 100 yoara of ago. The writer ia Mrs, Exizaverit Porz. Iler father was ono of the pioneors un- Daxien BooxE, and with him crossed tho Kon~ tucky Liver at Boonsboro, travelivg in tho dirsc- tlon of what {8 now Frankfort, Mrs, Porx luiew tho LiscoLy family during their rosidonce in Kontuoky, and froquontly nursed the future President in bis Infancy. 8ho enys thot he was not thon anytbing to bo proud of, as little Aug was * simply & baby, and a terribly ngly ove at that,” Iowever sho realizes now that * hand- romo i5 a8 handsomo does.” Mrs. Pore is still vigbroud ; uaca no spoctacloa; can knit threo paita of atockings in s wook ; has latoly walked 2 half a milo and bacls, without atopping: lhas Lind ton childron and wixiy-0dd grandehildron ; hopes Lo go to tho Contounial; and, altogotlior, is & romarably woll-presorved old lady, whom to meot would bo a raro opportunity for some biog- raphor of AnnAnax LiNcoLX. —_—— Col. D. R. ANtmoxy, of tho Leavonworth Times, has ot last givon bis version of the difil- calty between him and Esmuy, which resulted almoat fotally to him. The facts, g rolated by & Bt, Louis reporter, put & now faco on the affair, Tt sooms that tho attack upon ANTUONY Was real- 1y tho outcome of a war with the Typograplical Unlon, which had boen in progross for soveral yoars. The sasassin Exnny was oditar of & paper ostablishod by the Unfon printors. His attacks upon ANTooxy wera brutal and systematle, bo- ing ovidontly designed to bring on a conflict of some kind. Ho was known s a desporato charactar! Two of his brothors, It Is alloged by Col. ANTitOXY, Wore in thio Penitentiary for stoale jog. It was well known in Leavenworth that Tnry intandod to kitl ANTiONY, yet ho was per~ mitted to carry out his plansg pesceably, Hoisa murderer in intontion, though ho failod in his purpose. Tho poople of Leavenworth should Boo toit, both ss a matter of duty and zasn mesetro of self-protoction, that tho cowardly rufflan roceives tho fall penalty of the law—a long torm in the Btate's Prison. How fa 1t (hat some of tha TYmes' editorisls on the DBank of California koop getting misplaced oy the telo- r ‘Ban Franciaco, and hoaded " spocial 7 Mr, titonxx should look to this,—past el at. Buro onough, how {8 it? And s it not rathor sounuenal arrangemont for Mr. FAwcxTTE, finan- clal editor of the Inler-Ocean, to writa special dispatclics to Lila paper from 8an Francleco, whilo making daily visita to tho bauks of Uhtcago, as usnal? In both cases, no doubt, thearrors woro duoto blundorsin ** making up." et tho night- oditors bo discharged. Any man who can't tell tho difforonco botween an oditorial wrtiolo and a epapial dispatch from tho other side of tho con- tinent e unfit to hold a responsible position on & newspaper. Ty Tuinunz can prodace receinted bills for ita spocial dispstches; can the other pa- pers do as much 7 Tho New York Sun s dlsturbod becauso Presidont Qoaxr didu’t go to Honaox Hixwer’s funcral, But it Atands ta roason that tho Prawident can’t go to atl tho funerals. Tl Sui 1s oo ex'gsat—Sarinyfeld Hepud- et Tho Sun ia always disturbed at whatever Gen. QGraxT doea or does not. When ho performs an act, the Sun cries out that e **hadu' orler @l it Dut it e don't do 1t, tho Sun yous still louder that Lie has neglected bis duty, and do- nouooos bim therefor. In its feolinga and con- duct toward the President, the Sun is & byens,— novor astisfiad, slwaya wnsrling. Thero fa a cauge for thia unamiable huoior, which some of tho Now York papors should bo smazt encogh to find out and make public. st 1t fa rumore thet Suporiatendent s will reaizn oa tho 1t uf Octuber, aud Wb & wirong etfort will bo sundy to it Gopl, GUND U0 1l place,—Kouning Jour- nai Wadon't take aoy stock in thet *rumor.” Jaxx I8 ono of the kind that soldom dlos and vevoe yesigos, And why should ho? He has got a good thing whero ko ia: alary, influence, power, employmeut; beuides, ko s recovering lout gronnd; hois doing much bettor of late tban formerly; but thoro Iy utill consldorable room for jmprovomeat. Tho gamblors, thieves, bunkolsts, sud villalus of various degrees have oot all boen bounced by sny means. plesiaiin . s demoure o Now and then there aro goms to be found in {he volaminous Indign litersture of the Interior Department, a3, for instance, when Mr, Bixuxy, ‘Warkzy, lato clork of the Indlsn Commission, discovers that it cost tho poople $9,000 s year to wupport Mr. DrLaxo's carrisgos and horses, uod §10,000 moro to keep tha gersniums in blossom. The average human belng will proba- bly bs led to inquire what Alr, Dxraxo wants of ‘gersniums, and io what msoner geraniums are oecomsry o the xdamiulsirsliva of the Ine terior Dopartment. Not all (ho perfuine of al} the goranjums on carth ecan doodorize that Do~ parimont. Arontonco In an editorial yostorday fn rospect to tho Englinh telograph syatom is o littlo blind {t rondss *'Uho tolograph aompmnnios sent news o 144 towns ; tho Govarnment agstom sonda it to 865 townw." Tho sontenco meand that tho telegraph companies Aont nows Lo nawapapory and nssociations in 114 towns, but the Gavory. mont systam wends nows to the pross of 163 towns, sliowing an incresap of 241 towus In which the prews now take nowa by tolograph, Under tho old eyatem only 800 papers took dige patehien ; now 1,206 take tho lightuing nows, SR Tho Ion, Jous WeNTwonrTit {8 anxious to se. curo somo old copios of his Democral for tha purposo of eomploting hia files, and is writing to #nch of his old subscribors o8 ho can romembor toeoo if lio can obtain them, Tin list of kube neriborn was destrayed in tho groat fire, and he finds tho nndertaking a diffenlt ono. Any ot Lila old subscribors will confer & favor by sond. Ing thoir addrosses, or, still botter, tolllug bLim wlhoro ko can obtain the miesing volumos, E R N Debating socleties which aro reserving thefy ftrength to wroatle with the great question, *Wan Ravaron justified fu committing sulelde 2™ might study up this anccdoto: A Colorado man put his bana into a hay-box and was bitten by s rattleanake, Ho drank four Lottles of whisky end died, The quostion for dobating youth to considor ia: Whichkilled him, the auako or tho whisky ? —_— OBITUARY, NICHOLAS MULLER, ‘The litorary world has reconily sustalned a ga- voro losg 1 tho doath of Nivnoras MuLLER, the Hwabizn printer-poot. o wan born in 1809, at Langonau, near Ulm, and, liko his parents, wos o working man. Hig fivat schooling wan among his father's books, Unraxn being tho favorito pootof his youth. Io firat wont to achool in Btutgard, and afterwanld becamo an apprentico in o printing catablishment, Lator ho mado g tour through Germany and tho Low Countries, and upon big return devoted himeelf ontirely to vorse, and succooded in obtaining rocognltion from oo of tho bost crities in Germany. ‘Tha rovolution of 1348 drove him out of Gormany, aud, after liviug some yeara in oxile in Bwitzor- lond, ho camo to New Yotk in 1853, and obtainod o living a8 o type-settor. Mr, BrvaNT, who has tranalatad somo of s yersos, pronouncos him a gonuino poot. WILLIAM DERNETT. Tho Now York Tribune contaius tho following abltuary notica of Winutay Dexxert, at one timo a prominont Inglish actor: Mr, WiLLIax LennerT, loug counoctod with the Tondon stage, andt latterly thy Hecretary of o Druty Lano Theatrical 1'und, diod on tho 8l of Auguat at Builovito Cottage, Walthumston, England. r, Bew. NEAT mado Lis st appoarance on the London stags May 18, 1813, when ho played Jack Junk, {n tho muice al burléttn of ¥ The Birth-Day.” For years afterward 1io we 8 rcomber of tha English Opera Campsny dure {ny? the sxminer, aud_nbuut 1639 joined tho Drurys Tatio muuagoment an s represcotativo of old mie 1cro bo reminined noveral sesnous, Mr. WILLIAK sxxe Nure was the father of Miss JULIA IEXNEFT, the young nctresa who attaiucd populatity st the Kayinars Yt abiout & quatter of o cenfusy agn, and subsoqacis 1y becamo thia wifo of Mr, Jacou LABOW, aud came to this couutry, contiouing bLer success upon the Americanstage, POLITIOAL NOTES, Tho anti-Ring organ in Rochester mysterions. Iy suggesta that tho arroat of Georga D, Lord g not so startling o tbing a8 the arrestof hig fathor, Jarvis D., would bo. The Canal Ring is doomed. 2! Binco tho rag-baby and tho searlet Iady have both been recogmzed as ‘* principles " of the Demacratic party in Ohio, tho interprators of publio opinion are more than over confident of & Ropublican succosy. Tho fortunes of war in Malno nre said to be golng against Benator Hamlin, The people bave still, it seoms, o livoly recollaction of his rospon- ubility for tho increnso of nowspapor postago, But Maino is a reliablo Republican Htate and will give o Republican majority on the 16th ; the dizeatistaction 18 with fnmlin per se, The Now York World ealutes Gen, Durbin Ward aa “noithor a coward, a demagogue, nora quack,” morely becauso ho has made an uncom- promising bhard-money wspoech at a Democratia mecting in Ohio. Tho World la rojoicod lo lenow that at loast thero {8 **ono rightoous man In Bodom.” Henator Thurman may not liko the porsonal application of this plrade to Gen. Ward. Jndgo Taft's great apoech on the achool quoss tlon at Clevelaud has broughs him into prome inonoce as a political **probability,” His views aro perfectly in nccord with thoso of the paopls, and some of hisenthusiastio admirors spesk of lim 88 a lkoly Prosidont. Dut what hag the school-quostion to do with tho Preaidency? It wonld bo queor, though, if Taft's dofeat, like Lincoln's, shonld bo the making of Lim, Tho talk about tho nominstion of Charlea Francis Adama for Governor of Masaachusetts is ‘becoming more oarnest overy day. Besidoa the Springfleld Kepublican, tho Worcester Spy and two of tho independent Boston papers favor tha idon; but tho Boston Transcript says Mr. Adama wonld not aceept tho nomination if it wore of- fored to him. \Vith tho experionce of the Cine cinoati Convontion fresh inmind, it ¢ safo to eay that Mr, Adams will not accopt any nomins. tlon untll it is made. A foolish fellow writos to tha Cinclnnsti Come mercial auggosting that the Government should’ isemo now groonbacks and providoe for their re-, demptlon by organizing a bureau of mining to carry on oporations 13 tho Rooky Mounwn.] “Tho foolish follow 8 apswored thus s ** Our cor- reupondont soome slow to learn the groat funds-) montal principle that the Govornmant [meauing no Government in particular] s an Ass, and should bo trusted with as litlle busineas aa pos- aiblo,” 1t ia bocoming 1n outsido papors, which, like Tux Cuicaso TRIVUNE, aro taking a deop inter cat in the Ollo campaign, to poknowlodge in-: debtednoss overy once iu a whilo to the Cincine natt Commercial, That paper, under tho dlres- tlon of Mr. Halstoad, {u dolng yoomaun's sorvics for tho cause of honost govornment, It has publiahed in a gpectal Lioot tho spesches of Qov. Hayos, Senator Bhorman, Col. Groaveoor, Bens- tor Morton, Judgo Taft, and Gov, Noyes; and the small stiot thiat it delivers dally works in the sggregate considerablo oxecutton, which will be fully apparent when the losses aro counted after the battle in Octobor, The so-called Neform party fn Wisconain {8 rapidly going to plecos. The fact that it eme braces incongruous eloments has all along been apparent Lo caroful obsorvers, For instance, it 18 the party of suti-Monopoly and tho Grsngera; yob itg ollof roprosentative in tho Btato, the Milwaukoe News, is owned by the railroads body and broeches; morsover, the party held temporarily in its ranks & larga pumber of Bourbon Biate-Righters aud some of tho sturdi- cst Abolltioniats sod Federalists in the country. ‘' rooont anti-Taylor mooting {n Miiwauker. and the Madison protest are the firat pouttive in- dleations of & disroption which waa bonnd 0 come bofora long, and which it 1s now safeto predict will be fally consummatod after tho next alection. 'Mhe Jowa 8lalo Negister, which bas emall fo- terests in Credit Mobilier, Pacitio Mail, the Whis- ky Ring, the India Ring, B, F. Alien’s broksn Lanks, snd the Rov. Mr, Harla, 1s doing its fes bla bast to elect the Demooratio tloket in Kows. 1t nasists tho Domocrats by pretending to sup- port the Republicans, Its support I a disgrace and » damago to any party; and the de- fest of tho Iopullican perty ai tho lusb election waa due to the discovery of corzupk transactions fu_which it was interested. For- tuoately, tho Harlan wing of {iis Republicsn patty s no longor o tho sscendant, azd the people have poaitive aasuranoe that i mever will baagain, As the Meokuh Gdig Oy & while'sgo, 41t i piosle missteed