Chicago Daily Tribune Newspaper, September 13, 1875, Page 4

4 CHITAGO TRIBUNLE: MONDAY. SEPTEMBER 13, 1875. ———e e e —————————e e e e e, TERMS OF THE TRIBUNE. RATRS OF FUPSCRIPIION (PATAILE IR ADVANCE). P WaxTRD—Ono ctive agent in each town and village, Bpecial arrangementy made with such, Bpeciman coples sent frse, To prevent delay and misiakes, be ure snd give Tost-Offica addreas in full, Iacluding Stateand Connty. Temittances may be mada nither by draft, express Yost-Offios order, or In registercd letters, at our risk, TEBME TO CITY AUDICRIBERR Daly, deliverad, Bunday exce; ted, 23 cents per week. Duily, delivared, Sunday inciuded, 30 centa per week, Address THE TRIDUNE COMPANY, Carner Madivon aud Dearborn- Chicago, 11, TODAY'S AMUSEMENTS. ADELPHI THEATRE—Destborn street, earmer Monroe, Variety performance. ACADEMY OF MUSIC—Halsted stract, between Madison and Monroe, Engagement of the Marian Taylor Combination, * Bulin and Lears,” AMcVICKER'S THEATRE—)adison street, between Dearborn and Btate, ** Running a Corner.” HOOLEY'S THEATRE—Randolph street, beiween Surkand LaSalle, Engsgement of the Californis Rinstrels, CHICAGO THEATRE—Clark street, between Ian- dolph and Lake, * Pnulice,” ‘WOOD'S MUSEUM—2onros_stroet, botween Deare born and State, “ Round the World in Eighty Days,” FARWELL BALL-~Madison street, belween Clark aod LaSslls, Concert by the Kennedy Family, INTER-STATE EXPOSITION—Laks shore, fool of adass sireats ™ BUSINESS NOTICES o D N RE.~FVERY L AT AN O O s b or 48 coun 1ts eQual as a besuiltior be fonnd, Monday Morning, SBeptember 13, 1875. At the New York Exchange on Saturday tho price of grecabacks fluctuated considern- bly. The opening prico was 85] and the closing quotation 851, Sales were mado at gne timo during the day as low as 853, The first caso of conviction in the grand roid ngainst the internnl-revenuo defrauders oceurred at 8t. Joseph, Mo., where the dis- tiller pleaded guilty. Tho ovidenco against him was conclusive, but not more so, it is said, than that in all the other cases of ‘whisky.seizures, It is stated that the Reform ticket is coolly received at Madison, Wis.,, and that many Democrats and Liberals hove alrendy signi- fied their intention not to support it. Thero ia mothing improbable or strange in this. ‘With two platforms so nearly alike, and both oxcellent, the choico must rest with men in ‘Wisconsin this yenr more than ever. When 1t comes to & question of recognized fitness and strong personal popularity it is not diffi- cult to namo the winner in 4 race between Hannr Lunivaroy nud Gov. TarLon. Eastern importers and hotel-keepers, who Iabored 8o strenuously to convinoe the Secre- tary of the Treasury that interior ports of entry had no rights worth mentioning under the Immediate Transportation act, will be disappointed with tho forthicoming report of Bpecial-Agent Havz, who was delegated to examine the working of the system in West- ern cities. It haa been found that goods ean ‘bo and are imported at interior ports without increasing tho rate of fraud which obtains st the sesboard, and that the law as construed by Becretary BuusTow is practicable and fair- 1y enforced, Gov. Osnonye, o ns in roply to a formal demand by the Indian Burean upon that State for damnges amounting to $50,000 for the killing of four Osnge Indians, flatly refuses to malko reparation. Hao says it's the businoss of the Interior Department to keep its Indinns on their reservations, and that when they Liappen into Kansas thoy mnst ex- pect to get killed. People on the Kansas frontier aro a little sensitive on the subject of ronming redskins, and if Secrotary Deraxo renlly values Osnge hides at $12,500 apiece, he can save money by keeping them out of the rangu of Kansas bullets. This thing of paying for Indinns that don't cxist is getting 100 common anyhow. By woy of variety, n new nspect is given to tho Tarkish difflenlty. Tho insurrection hving been effectually put down, nnd pencs having been complotely restored, the ingur- rection is now more formidable and penco is farther off than over. Tho last variation makes tho whols country between Servia and Montenegro in full revolt; 10,000 insurgents in the fleld; tho Turkish troops demoralized ; towns and villages sacked and burned B Turks massacred ; the insurrection sproading on overy sido; Montenegro ready to take part; and a gencral war regarded a8 inov- itable. All of which Would Lo very interest- ing for a change, only that it wmay b expect- od to be entirely contradicded in o day ortwo, — If o largo numbor of tho babitual incbrintes ot Chicago do not forthwith put themselves in a way to roform, thesin of ingratitude may be added to their other enormities, Burely it will be no fault of the philanthropia citizens who are erecting tho new and beay. tiful structure to bo used s tho Washing. tonian Home. They at least are doing their best to make sobriety both easy and attmct. ive. The now chapel of tho Home was dedi- cated yesterdsy, with interesting exercises, and it is gratifying to know that the Homo is ina fourishing condition, An institution ik this, which can show & record of 800 cases of completo and lasting reformation in twelve yours, is a thing to be proud of and to support heartily, The Chicago produce markets wers unset~ Ued Baturday, but most of them wero stronger. Moss pork advanced 300 per brl, but closed weak, at §21,60 cashand $21.00 for October. Laxd was quict and a shado firmer, at $12.85 per 100 ba cash nod $12.90 for October, Meats were quiet and easier, at 8@8jec for shoalders, 11}@11c for short Tibs, and 1240 for short clews, Mighwines wero inactive and 4o lower, at $1.17 per gallon, Lake 1reights wore active snd steady, at2)c for corn 10 Bufialo, ¥lour was in fair dewand and a shado easler. Whest was less active and stronger, closing at §1.154 for Beptember and ®L12} for October. Corn wes aotive and irregularly stronger, closing &t 59j¢ for Sep- tember and 88jc for October. Oats were in moderate demand and finaer, closing ut 860 for September aud 83fc. for October. Rye was casier, at 78§@75{c. Parley was Quiet- gyl gteadier, ot $1.12@1.12§ cash, 20d closed $1.06@1.07 for Ooctober, Hoge ware iy fuoderate demand at Friday's loalng quotaifens, with tha bulk of the salss ' ot 7.40@7.75. Oattle were steady under s fair local and shipping inquiry. Sheep sold at fully former qnotations, the supply being short of the demand. One hundred dollnrs in gold would buy €110.75 in greenbacks at the closo. In our Washington dispatchies this mom. ing wo give the full text of the report of H. T, YanyaN, Chief of S8pecial Revanno Agonts, showing the manner in which the enormous whisky frands were successtully practiced, and also descnbing the new sys- tem of checks wheraby it is expected to pre- vent the recurrence of these frauds. One thing is clearly demonstrated in the report— that under tho old system tho distillers and rectifiers conld not have defranded the rovente withont tho direct connivanco of the officers of tho Government; while, under the now system, fraud, if practiced at all, can only bo concealed by bribing a f’““ greater number of officials, nnd those of higber standing. Tn addition to the new snfegunrds ngainst fraud provided by tho In- ternal Revenno Department, much good is anticipated na the result of the policy of a rigid prosecntion of the bondsmen of corrupt or negligent oflicisls, who havo hitherto been but lightly dealt with, the main weight of the lnw Leing directed ngainst the distillers, Among the sermous delivered yestorday in Chieago we publish this morning one by the Rev. C. L. Tnorsox, of the Fifth Presbyte- rian Chureh, upon a subject of peculiar in- terest at this time,~the kind of revival needed in this city, and tho ressons why everybody joius in the anticipation that we are shortly to have a great spiritual awnken- ing; also, sermons by the Rev. Ronzsr CorrYER, of Unity Church, on * Returning Home,” which ho finds the best place oun carth to como back to and stay ; and by tho Ttev. Dr, Powens, of 8t. John's Episcopal Cunreh, on * Tho Benuty of Holiness,” At Farwell Hall, Mr. Josern WEATRERLET, aplain. spoken Englishman, talked about the labors of Moonyand SANkey in Great Britain, and in that connection took occasion to comment freely npon gome things ho hnad noticed in Chieago. A new Baptist church, named the Centennial, was formally recognized by tho denomina- tion last evening; tho First German Church of the Evangelical Associntion wasdedicated; nod ninety new members were received into the Centenary M. E. Church, Altogether, a good day’s work for an ungodly city. THE DEMOCRATIC HALLUCINATION. The Democratic party, from the time when under Gen. Jacksox it distinctly antagonized tho Whig party, was distingnished for its un- compromising hostility to all forms of Gov- oromental connection with or responsibility for paper money. It owed its Joug-continued success to the firmness with which it demand- ed that the peoplo should have the rightto demnand gold and silver coin for their labor and its products. One of the boldest, yet most sagacious, acts of Gen. JacusoN was to dissolve the slight connaction existing be- tween the United States Bank and the Gov- ernment. Tho Government was a stockhold. er in that bank. Tbe couniry, with a sur- prising unanimity, sustained Old Hickory in his declaration that the Government should be responsible but for one currency,—that preacribed by the Constitution of the United Btates. To that policy the whole Democratic party subscribed. It became a fundamental principle of the Democratia party that gold and silver coin alone should be the national currency, leaving paper money to be ijssued or mot, by banks or individunls under local laws. In 1841, the Treasury, under tho Whig Adminis- tration, issued Treasury notes and began to use them asa currenoy. MMr. Bexrow, hear- ing of this, hnd o check in his favor in pay- ment of which Treasnry notes were tendered formally protested for non.payment, and the Democratio party raised sucha commotion that tho notes hiad to be withdrawn, When the War broke out, the Democratic party in Congress protested against the issue of greenbacks, and especinlly against making them Jegal-tender. Conspicuous among thoso voting against the bill were PrvnrETow, of Ohio, Voonuers, of Indians, and Ricuanp. 8oN, of Illinois,—~tho three great greenback advocates of the present day. The Demo- cratic vote was unanimous sgainst legal-ton- der notes, all taking the ground that such o law was nnconstitutional | MMr. PeNpLiToN, having been defeated nsn candidate for Vice-President in 1804, pro. pared to be nominated for Presidont in 18G8 by proposing to issuo more legal-tenders and pay off the whole public debt in greenbacks, Unfortunately for him, the scheme failed,— failed to get him the nomination, and led his party to disnstrous defeat, The entire advocacy of paper money was revolting to minds educated in the principles and traditions of tho Government, especially of thoe Democratio party. The Whig party always hod suffered under the designation of the rag-money party. There Lins always been a strong and insur- mountable objeotion on the part of the great body of Democrats to any paper money issued by the Government. Thia was shown Ly the action of the party in Congress;in unanimously refusing, evon undor the press. ure of war and an empty Treasury, to vota to issue legal-tendor notes. Ar. Waranr, who presided ot tho recent Democratia Conven. tion, declared that he was in Congress when the Legal-Tender acts were passed, and had voted and spoken ngainst them hocause he cousidered them unconstitutional. On this subject the Democratio party is divided,~—the Ohio Convention attempting to force o paper. woney policy for the party in 1876. But thiu policy cannot be carried ont with. out vigorous resistance. The Democrats of Maive at their Convention daclared in favor of— A sound currency, coin or Hs equivalent, essential to stablllty in Lusiuess, and & restoration of prosper- :{;a laps towards specia payments, and no step back- ‘The Domoerats of Minnosota demand— A return to guld ana ailvar aa s bssis of the curren. €y of tho coudiry, with preparstory and effective measures ta secure the resnaption of specis psywments, The Democrats iu Maryland thus defin their position: o i We proteat sguinat soylncroass of the circulating ourrency, but demand thal such maasy be adoptsd by Congress which will lead 10 tha reauraption of ape- clo payments at the sarliont Joutbls moment, In Wisconsin the Domoessts put them. selves on record in favor nf— A sound currency in coin oF i1s oquivalany, In Connesticut, New Hampshire, and Massachusetts, the Democratic Conventiong in 1874 declared in favor of specls payments, and were succeseful in carrying all of them, In 1874, the Wisconsin Democrata carried the Btate on a hard-money platform. In Iowa, in 1874, the Democrats declared in favor of hard money, sud, though thay did not carry the Btate, they reduced ths Republican majority 1o & very low figure. In IMinois, fter a very exciting disoussion, /the Democratio Convention in 1874 paased o reselution opposing sny expamsion of the cwrrency, and demanding a return to specio ! payments, and they carried the State. In Pennsylvanis, in 1874, the Democmtic Convention declared that— A tteady offort aiould bo maia to Lring the Govern- ment notes to par with gold, and to rectire 8 return to #peclo payments at {ha earlfest ponsible period that resnmption can be effected with eafety. On this platform the Democrats earried tho Stote and the Twgislature, snd soventeen members of Congress. *Tho sawe siccess followed the hard-money platforms of the Democratic party in Now Jersey and New York, In Michigan, the Democrats demanded a rofurn to specie pay- tnenty, and eame within 3,000 votes of elect- ing thoir State ticket, gained several mem- Ters of Congress, and were nble to defeat JMr. Cuannner's re-clection fo the Henate. Wherever the party has nppealed to tho people on tha ancient and purely Democratic doctrine of honest money to pay tho wages of Inbor, and to pay for the products of la- bor, the Democratio party has met with a prompt approval. The Domocrata in Town have in 1875 re- canted their opinfons of 1874, and have de- clared in favor of inflation. In Pennsylvania, Town, and Ohio, the Dem- ocrats have put forth a demand for an un- limited expansion of depreciated paper money. They have attempted to set upn new doctrine wholly unknown to the Demo- cratic party until within a short time ; » doc- trine which is repudiated by the party in the dozen or more Slates wo have named, and which, being founded on the idea that ihe people are dishonest, appenls to that dis- honesty for support. The Ohio Democrats propose to compel the whole Democratic party of the country to subscribe to their doctrine, and that the party in 1876 shall go Leforo the country as advocates of an irre- deemable paper currency which las no fixed valuo ; which is, a9 money, n cheat and s swindle, and serves merely to transfer the wealth of tho country from the producers to those already wealthy. We submit to our Democratic readers the following extracts from Democratic states. men on the subject : Gen. JaczsoN, on retiring from the Presi- dency, thos spoke of paper inoney : In reviewing the conficts which have taken plsce Uolweon different fntereats in the United States, and tho policy puraned sinco tho adoption of our present form of Government, wo find nothing thst has pro- duced such deep-seated evil as the courss of leglslation clation to tho currency, Tho Coustitution of the United States unquestionably fntended to socuro the Peoplo 8 medium of gold and slver, Duttho cstablishe ment of a National Dsnk by Congreas, with the privilege of isaulug papor monoy, recelvable in pay- tment of the public dues, and the unfortunste conrne of legisiation in the soversl States upon tha same aub- Ject, drova from genersl circulation tho constitutional currency, and pubmitted one of paper in {ts place, . . . Thedo frauds are most generally porpetrated in tne smallor notes, which are used in the dsily transec- tions of ordinary business, and the locaca occasioned Uy them sra commonly thrown, upon the lsboring claxacs of soclety, whode situation and pursults put it out of thelr power to gusrd themeelves from these im- positions, and whoso dully wages are neceasary for thalr subsistence, It fs tho duty of every Govern- ment 80 to regulate ita currency ss to protect this numerous class as far as practioable from the lmpost- tions of avarics and fraud. . . . Yetitis evident that their Interosts cannot be offectuslly protected unlesa wilver and gold ars restored to clreuistion. Tuosmas H. BznroN, spesking of paper money, said : Tt tendn to aggravate the Inequality of fortnnes; to ‘make the rich richer and tho yoor poorer ; to muliiply nabobd and paupers, and to deepon and widen the gulf which saparated DIvEs from Lazanus, Gen. Jacksoy, in his letter to Moses Daw. 80X, said @ A paper currency is « great curse to any people, and o particular curse to tho laborer of uny country, for ita depreciation slways falls upon the laborer. Geonax H. PENDLETON, opposing the issuo of greenbacks, oven in time of war: ‘Tho wit of man has nover discovered s means by which paper currency can bo kept at paz valus, oxcet by its speody, choap, certaln convertibliity fato gold and silver, Devonncing the making of greenbncks a legal-tender, ho said ; ‘Tho currency will be expanded; prices will be in- flated ; fixed valnes will dejrociate: tncomes Wil ba Qlminished ; thosavings of the poor will vanish ; the boardings of the widow will mielt away. The last time the representatives of the Democratic party were in National Conven- tion nssembled they resolved : A specdy zeturn to spocis payment f¢ demanded sliko by the highest considorations of sommercial mo- rality and honest government, TAXATION IR REW YOREK, The City of New York is just now undor- going an oxperience with regard to inequali. tios in assessment very similar to that in Chi- cogo, and has discovered that she is paying more than her just proportion of the taxes, The facts appear in & memorial which has just beon submitted to the State Board of Equalization by the Tax Commissioner of New York City, in which he presents the fol. lowing table, showing the proportion of the State tax paid by tho city and the rest of the Stata during the past ten years : <Q =3 - 'Eséll aff 55; g Yar | M8 | & af 2 HEESI R Sh N R ER b1 3 . g iaf i Fad 186 f EX $1.90 184" 8,33 1.40 il 7.68 2,20 1k 014 18 PLY] 6,78 1./ 187 0.24 24 187, 7.50 1,89 1n7: b 1048 3.7 187 .59 2,29 1817 Wl %012,486] 7,715,091 11.03 244 By this table it will be noticed that, while ten yonrs ago the rest of the State pald about twice as much a3 New York City, the city now pays nearly §300,000 more than the rest of tho ftate, and that, while the individoal tax in the rurnl districts during this time hes only increased from $1.89 to $2.48, the indi- vidual tax in New York City has rushed up from $3.99 to $11.03. 'The experience of New York is that of all other large cities. Boston is just now mnking the sawe complaint. Bince the passage of the law organizing the Board of Equalization in this Btate, with power to take the tax from tho country and losd it upon the cities, every tax-payor in Chicago knows the in. justice of the operation of the law. Take New York, for instance. Since 1866 that oity has not increased pro. portionately in population any faster than the rest of tho State to warraut such a dis- proportionate increass of taxation. There is nothing in the relative financial condition of the city and State to warrant it either, New York City, liko Chicago, has suffered more by the panio than the rest of the State. The rural distriots, comparatively spealing, have not suffered from the shrinkege of values which has been wuperinduced by the panio. In the cities, thera has been a shrinkage of from 85 to 40 per cent in the value of prop- erty, and while real estate has gone on do- preciating until it has reached & polnt where it is not convertible into money, but can only be transferred by exchange, taxes of all kinds, city and personal, as well as State, have gone on increasing, involving & most burdensome sud oxasperating demand for money property not convertible into money yidding comparatively no zeveaus. 1a (ke rural districts, it has been different. The panic exhansted its force upon the cities, and the country has felt it very lightly. ‘Thore has Leen no shrinkngo of values to apeak of. Farms are worth as much, if not moro, to-day than they wore bofore the pan- fe. The farmers are gotting ns good prices for their produce ns before the panio, nnd are buying oheaper than for yeard past. And with all these advantages in their favor their nasessments nro light nnd taxes light, and bear no just proportion to values in compari- ron with mnnicipal taxation, where thero has been an immenso shrinkage of cnrrent values and an onornious increase of expenses, with the additional diffculty of converting prop- erty into money. At tho rapid rato of increase shown by tho Now York table, it will not tako mnny years to transfer tho whole bur- den of taxation from tho country to the city, and the same is true of Chicngo in its rela. tions to the rest of the State. Just so long as the State Bonrd of Equalization has the power to transfer taxes to tha cities, tho tax- payors of this city must expect that the rural districts will club together to work this great injustice. — LOANS TO FARMERS, The Now York Commercial and Financial Chronicle says that **while onr merchants in Now York enn borrow for sixty days at 2 per cent on collaternls and at 4 or 5 per cent on ‘bills, our farmers in 1llinois, Iows, nnd Wis. consin have to pay 10 per cent for money for monoy on bond and mortgage. Let our farmers bo suppled with n sound system of finauce which shall enable them to borrow at low rates, such as are paid fn France and Germany for loans on mortgage, and we shall hear of less sympathy among them for tho vagaries of paper monoy. One of the essen. tial conditions for tho founding of such an orgnunization is the influx of foreign capital into this country.” This is all very true, but how are we to sccuro tho needed “inflax of foreign capital"? It is easy to point out a fow mothods that may be guaranteed not to securs it. Clinging to an irredeomable and fluctunting currency is one of these methods, Passing laws that force railronds to default on tho interest of their bonds in foreign handa ia another. Discriminating against foreign eap- ital is another. All theso plans have been successfully tried in the Northwest. Itis not strango that thoy have not lured foreign cap- ital into this locality. Thero aro thrce conditions necessary for plenty of loans, that is, for low interest. The lenders must have o rensonable certainty that the interost will be paid promptly, that the principal will be returned s soon as the mortgage matures, and that the amount of the loan does not oxceed a fair percentage of the valus of the land pledged ns sccurity. How is the foreign capitalist to post himsolf on these facta? Ho can find plenty of agents on this side of the Atlantio who will put his money out ; but who will get it in when it falladue ? Every Btate has its own system of collection, foreclosing, eto. Thevoriety oflegal forms puz- zles the foreigner, and not infrequently theso forme discriminate against him. The agent to whom he intrusts his money cannot afford to guarantee tho loan in consideration of his own ¢} per cent commission. That does not muore than pay him for the tronble of placing themoncy. Of Iate, somo mortgngs companies have been formed which loan foreign capital here, and practically gnarantee its repayment, but the supply does not entisfy the demand, and the Illinois farmer must still pay 9 or 10 por cent intorest for the extra capital he needs, Yet, when some Chicago men laid before the Logislaturo a plan by which a company, formed here, was to borrow money abrond and losn it fn tho Stato, recuring the sumsg borrowed Ly the pledge of the bonds and mortgages taken, the representatives of the former rofused to allow thew o have this opportunity to get loans at reasonablo rates, and the company was refused the necossary logislation. This wns sheer folly., Xven at the lnst session of the Legislature, o Inw patting the foroign lender on the same foot- ing a3 tho home capitalist was carried only ofter o hard fight. Until we learn to en- courago the influx of foreigu capital, instead of Lindering it in every way, the Western farmer will continue to pay 10 per cent in. terost for loans .which the Eastorn merchant gots for 2 to G per cont. * WHITEBACKS,' Graybacks in the Confederacy; whitobacks in Austro-Hungary ; and shall we add green- backs In tho United States ?—three forms of the samo thing, and that thing paper money, irredoomable and passing ot a varying dis. count. ‘The story of the graybacks has been told. Tho final chapter in the story of the greenbacks—redemption or destruetion—is yot to be written. ‘The tale of the white- backs {s a not uninstructive legson to persons who adopt the greenback as their fetish, The currency of the Austrian Empire con- sists of bits of white paper. It has been brought near par by means of successive con- tractions, and the resumption of speocie pay- monts has been confidently expocted for some time. Unfortunately, a political agita- tion for dishonost money, like that now be- ing oarried on by the Ohio and Ponnsylvania Democracy, has shown itsolf in partof Aus. tria. When the Empiro was divided Into two practically indepondent parts, Austria proper and Hungary, the sole power of issuing notes was left with the then existing National Bank. This power has since been exercised with a'wise discretion, The volume of cur- rency bas Leen contracted instead of in- flated, nnd the paper hins therefore steadily neared pur. But Hungary, unused to the responsibilities and dangers of independent legislation, has mennwhile been indalging in a grand financial drunk, Her Legislature has authorized the issue of any number of bonds to defray the cost of any number of public improvements, The nation was soon hopelessly bonded, Hungarian securities began to be quoted at heavy discounts, They are mow practically unsalable. Hungarian would-be financiers, casting about for means to clinb out of the pit they dug for them. solves, can think of nothing but issuing vast quantities of logal-tender, irredeemable pa- per, taking up tho bonde in that asfaras possible, and then running the printing prosses fast enough tfo nsure prosperity. They fail to see that he who trusts himself to this frail ladder will be sunk decper into the pit than be is now, So they clamor for ¥ Money, more money!” They need capi- tal ; they cry for credit. An sgitation of this gort, carried on by only a fow deluded men, would amount to litle, but the believers in rags have enlistod the force of Hungarian pride on thelr side by putting the agitation for more currency on & sectional basis, They pretend that Hungary and Austria bave unequal rights; that the present National Bank should bs compelled to print all the * whitobacks” Hungary wants ; or that & Hungarlan National Bank should bs established with an unrestricted right to lasus Leredessnable shioplasters. The former lenders of public thought in Hungary, from DEAr down, oppuse this madness, but their voices are well-nigh drowned by tho ignorahit roar of the mob, While it is im. probable that the inflationists will carry tho day, their deflant attitude has shaken public confidence, widened the difference between paper nnd gold, and postponod the day of houest money. A ROW IN THE DEMOCRATIC CAMP. ‘Thero i a very protty little row going on in Obio just now, ns ono of the incidents of tho campaign. As tho row is inside the Dom. ocratio linea, it is none of the Republicans’ funeral. They can, therefors, stand ontside the ring and watch the fight with n lively rolish, Mennwhile, the Democratio specta- tors stand shivering in their shoes. The combatants in the ring are the Cincinnati Enquirer and the Callolie Telegraph. 'Tho eauso of the fight is Gramax, tho Democrat- fe-Catholic candidato for the Legislature from Hamilton County, When Gromin was g candidnte for the nomination, it was under- stood that if ho recsived the nomination as an indorsement of his course jn the last Log- islature he would then resign and let some ono olse run, But Gronax proved fickle and falso. Having Leen vindicated by receiving the nomination, he refuses to give it up, and i8 running as fast and as furions. ly any of tho other candidates. But GEonaN hias proved to bo a Jovaw, The En- quirer discovered that to carry Gromay it must also carry the Catholic Church, and that the people of Ohio wore not yet willing to accopt the practical and odious manifesta- tion of religion in politics. Accordingly it boldly declared that, in order to save the Democratic craft, Jovam must be thrown overbonrd to the whales. It went at the work in no half-wny menner, na will bo secn by the following: ” r, Gromax was nominatsd yesterdsy for the Touse. 1iis friends In the Convention doubtioss felt that It was necessary to vindicate him, and, et the ex-~ pensa of thia party, they carried thelr point, In this wo neo elthier 1lio blind folly of & yeliylons omanization or the cunning work of the Republicsn party, Whon Mr. Graman's frionds forcsd him npon the ticket yesterday, they dfstinctly proclaimed that the chargoof an slllance betwsen the Democratic party and the Cathelio Church shall bs made good. But it sbiall not be insdo good, for the honost, caruest Demo- crats, who ses momething in poiitice beyond tlie no- tortoty of tho Grauanaand the manifestations of the power of Churco, will crush him at the polls, The Catholic Telegraph thorenpon rushed to the defense of Groman with hearty good will and pot in some telling blows. Asan instance how ono bigot can lash another, tho following from the Telegraph will show : 11ad the Domoeratic Uanvention refused to nominate Mr. GRoMAN, overy Catlolfo citizen who honors Lis ‘manhood and his religion woutd havo vindicated boths by withdrawing Ma support from the Democratte ticket, Catbollo citizans would have punished the mean, contemptible cowardico which suggested the ro- Jection of GrouaN's namo by a politieal ravolution, which would navaastonished Democratio bigotry. Itis not the first time the Telegraph has disciplined the Democratio party. When the Geanan Dill was pending in tho Legislature, the Telegraph warned tho Democratic mem- bers who should dare to oppose it that when ooy of them nppeared in the political arona again it would * put a brand npon thom that overy Catholio will understand.” It was un- der the hissing influenco of this brand, newly loated for the occasion, that GromaN was renominated, and tho same hot stick will keep him on the ticket, the Enguirer to the con- trary notwithstanding., The reason why he will be kept on is that the Catholics havea claim upon the Democrats which they cannot deny, nnd that thoy are going lo enforce it. Upon this point, we quote again from the Telegraph: . That claim of Cathollo citizens could not be de- nied. Tho Domocratio parly owes jastioato Catholio citizans who havo supportod It, and the Gromax bill claimed nothing more than Justics, They gavo to the Demacratic party, two years agu, the political vistory which .enabled the Tepreseutatives of that party to it an end to the relgn of bigotry fa pmblie institu. tions, by which Catholics were compelled, {a violation of law, to attend Protestant worshlp, The Enquirer, howover, returned to the attack, and boldly carried the war into the onemy'’s camp by demanding that Gromax should get off tho ticket instauter. Tho ef- foct of this was exhilarating in the extreme. The T'elegraph no longer stopped to argne or reason with the Enquirer. It put its brand 1nto tho fire and heated it white hot, and then called upon the Znguirer, in the nama of the entire body of Catholics of Hamilton Qounty, to make a public apology for its disgraceful conduct in seeking to drive Groman off the ticket. It gave the Enquirer a shght fore- taste of what might happen to its cuticle in tho following cheorful little statoment : The Cincinnst! Enguirer, to smooth down its no- manly opposition to Mr, Gzanaw, tnto which enmity to the Casholio Church betrayed it, protende that it oppossd bim becauso bie dragged tho Cathollo Charch into politics. This tender solicitude for the welfars of the Oatholie Church would be very maving and tauch- 1nq If the basa motive suggeating It wore not trans. parent. 1t began Lo be folt oaly when tle Clnotnuatl Lnquirer dlacovered that 1t had Jmpaired Its awn in- tereat by its malevolent opposition to Mr, Gxomax, It was sn afierthought, Intonded to bide from the eyes of ita Catholio supporiers the uneurpassed bitterness of the tnsulting language In which It addressed them im- mediately after tho Domacratio Convention, Bat pub- Uo inenlt is not 80 eanily forgotien nor foriven. The only atopement it can make for its offenss i & puclic apulogy, The Enguirer of Saturday last prints its * public apology ", and wo are inclined to the opinion that thero will bs howling and gnash- ing of teoth in the office of the Telegraph. It commences with the announcoment that the editor of the ZT'elegrapl is **a narrow-minded, bigotead zealot,” also *‘an {diotic or insane enemy of his Church and of the Democratio party.” It thon files o series of apologies ns followa: Apology No, 1: Wa Lalleve in the equality of sll religions bafors the Jaw; in the superiorlty of none, We object to Mr. Qxauax bocause ha s the spostie of the dootrine that the Cathiolio Caurch hss a *prior claim® upon the Domocratie pasty, and no Church has a * prior clalm * upon the Domocrails pazty, Apology No, 2: 11 any pestiferaus Baplist, or obtrusive Congrega~ tlonaliat, or abnoxious Catholic, or presumptive Epis- copallan, or xny mas misrepyesenting or reprosenting sny other Churoh, clalms to have, snd sttompla to foreclons, a mortgnge on the oplalons of the Enguirer or e votes of the Democratlc parly, we deuounce that man as 81 {mpostor, as sndeavoring to negoliste a spurions title, Apology No, 8: 1¢ the Catholic Church chooses o splect such mea an Gxauan or auobody slse ta forecloss this Aret most- @sge, thls * prior clabm," upon the Democratic party, the Cathollc Ohurch and Mr, GEauAN are respectfully uformed that thelr papers are defective, Apology No. 43 ‘Wa dealro to e notice that no Church owns the En- guirer; that no Oburch owns the Democratic party § 1bat, 4 our opinion, tha people who sesk to drag re- Jigton futo politics are degrading s sacred and besu- $1ful thing; 1hat auy man who thrusts himsslf forward sathe sdvocate of the ides that any religion hess * prior clalm " upon the Democratio pasty ought to be rebuked by the party. Thus the fight stands at present. The answer of the Z'clegraph will come this week. What that answer will be it does not need the gift of prophecy to foretell. The *‘brand that every Catholic will understand” will be applied bissing hot upon the back of the KEnguirer, There will be o bad mmell of burnt Demgcratio flash fo the viclnity of Vioe strest, and 20 ons from the twhid Ohio to the plncid Rhine will pity it. Having conrted the favor of (rouan and the Catholies when it needed kelp, having mado them how wood and draw water and do the alop work, baving indorsed Gramay and made all his letters public, it has no right to throw him overbonrd now betause it hias found out that Gromay is s Inrger clephant than it can carry, Lot the braud bo applied ; and let the Cincinnati Coffin Compnuy have *‘that coffin” in rendiness to take away the ro- maing of tha lats leader of Homillon County Democracy. THE 8.05 BOND. A numher of persons beiieve that the Gor- ernment should issue a bond, hearing inter- et in greonbacks at the rate of 3,65 per cont a year, nud exchangenblo for greenbncks nt any time. The ownerof legal-tendors would havo the right to mrosent $100 of thom atany timo and receivo in oxchinngo therefor a 3.65 bond to that amount, nnd he could then hand over the bond whenever he wished to do 8o and got his greenbacks brck again. This s, we believe, a perfectly fair statmont of tho case, Probably no beliover of tho intercon- vertible bond scheme will take the slightest exception toit. Is ita wisoschemo? Ttis declared to bo of especial valuo for the labor- ing classes. We propose to examine whother this is s0. There aro about 40,000 depositors in the savings bauks of this city. They have an nggregate deposit of some ton million dollars. Supposo the 8.65 bonds are issued. It isnot probablo that the poor would invest in them, For the poor who have money to spare can get G per cent compound interest at tho sav- ings banks, with the privilego of adding or snbtraoting the smallest sums from their ne- counts whenover they wish. 'They would not be likely to draw out the money that now yiolds them 6 per cent for the sake of getting 8.65 por cont for it. And if they wonld thus make no uso of the bonds, the bonds would be of no use to them, But supposo they did withdraw the $10,- 000,000 and put it into bonds. Instend of getting oo aonoal income of 600,000 from it, thoy would receive only $865,000. Their loss wounld bo 9235000, It would bo more than this, too. For tho Governmont would have to pay $366,000 interest in addition to the amount it pays now. This sum would have to be raised by oxtra taxation, and a good part of this would have to fall upon the working classes, Thus the men who were paid by the Government would have to contribato part of the vory sum they recoive. They are now getting $600,000 from other people. Under the bond system, they would get only $365,000 and would pay part of that them- solves. If the Government could use tho greenbacks received for tho 3,85 bonds to buy gold and uso the gold to redeom tho & and 6 per cont bonds, thore would be & sav- ing intercst that would decreaso taxation and thus partly—only partly—make up the deficit in the profits of the thrifty poor. But the Government cannot do this. If it pays out the money to buy tho 6 and G per cent bonds, it must sell thess bonds again in order to get currency with which to redeem the 8.65 bonds that will be constantly pre- sented for redamption. But the worst consequence would be the withdrawal of $10,000,000 of the loanable funds of this clty. Part of this money is losued to laborers to enabla them to build homes, Part of it is in the hands of all manner of manufacturers, who usa it to em- ploy labor. 8till another part assists in mov. ing crops here, ond so scoures an sbundant supply of food at low prices. It is probably far below the mark to say that the $10,000,000 directly employs 6,000 men, besides cheapen- ing tho living oxponses of many thousands more. Withdrawing this amount of loan- able capital from Chicago would thus throw thousands of the poor outof employment, would make living dearer, and would embar- vass every line of business, If the same with- drawal should take place over tho whole country, there would be a panio that would bo ten times, a hundred times, worse than that of 1873, Calmly reviewing thess facts, wo askthe hone ost advocates of interconvertible 3.05 bonds : “Aro you not mistaken in your ideas? Is the scheme you beliave in a renlly wise cne?” The Philadelphia nowspapers aro now begin- ning to pive some attentlon to the worthy rep- resentation of American wusical art at the forth. coming Centennial. It does not seom tous that there noed to be any long discussion about tlse matter. There is one way, and only ono way, in which the musical art of this country can bo fitttogly reprosented so as to command honor and respect both at home and abroad, and that is to give the Centeunial muslo in charge of Tnzovone Tuomas, There are & fow ressons why this should bs dove which are of a peremptory and final naturo: 1, Mr. Toéwas bas been in this couotry since early childhood, and ia thoroughly imbued with the spirit of American industry, eaergy. and entorprire. 3. If the votos ot the educated mualcians of this country could be taken, they wrould ba cast almost uoanimously for him. 3. o has not only tho finest oréhestra in this conp- try, but one of the finest In tho world. There are probably but cne or tivo orchestras {o Europe that can compats with it, and none that can ex- col It In tho ability to produce all classes of mu- 810, 4. He ls tho master musician of Americs, snd a8 a conductor bias but one or two equsls in the world. Undor the admiuistration of sucha maD, the Centonoial musio would be s revelss tton both to hiome and forelgn visitors. POLITICAL NOTES, The Nsshville Banner asserts that the Oon- gressionsl delagation of Tonnsasee favor B. B. Cox for upeaker. 1t is queor to find Jeff Davis, of all men, fightiog for the blood-sealed greonbsok. All the world will marvel at bis magnaniaity, ‘The Erie Convention of Pennsylvaais Demo- crats seems to have comprowised on & reapact- able man as candidate for Governor, Dut it was ® great trisl. The New York Republicans conflded their platform to two good’ editors, namely, George Wulism Qurtis, and Afr, Obarlea E. Smlth, of the Albany Journal. The Hartford Courant informs us that **to the average Msssachusetts voiers Mr, Adams le like the gilded doms of the Btste-House, & brlllent object, put distaut and oot of roach,” Johu . Pillsbury, Republican candidats for Qovernor in Minnesots, has just: resligned tus Btate Benatorship, which he has hovorably beld for fourteen years. Ho wduts to bs ready for bis promotiou to the bigher office, The Baryland Domocrats sre alarmed at a now gocrot orgsnization of radical proclivities called *Potato-Buga.” 1f they sbould devour gresn things goverally what would becoms of the people who nominated Mr. Carroll? Tuto Louisville Couriter-Journal charges Secre- tary Batknap with the distribution of the War Department advertislog smong the coustry newapapers of Iowa, s0 as to secure their sup. port {o the contest for the Unitea States Ssns- torabup, whick be intends to enter. ‘The 8t Pawl PionesPress is pretty well satis- fad with the platform of the Beform patty lo Wissousia, bus eendewns the plank * reafirme ing the policy of conflacation embodied In the Potter Isw." With this excoption the platform roads wandorfully lika the one sdoptod by thy Now York Hejublicans, aud is, indeed, sound Rtepublican doctrine. ‘The annual Biate olection in Mains oocurs to- oy, and sa the Republicans of that Btate havy usually taken advantags of tho year precoding the Presidontial eloction to Increaso thoir s, Joritles, wo may expoct somothing of the king this yosr. Thusintho yoars pracoalog 1473, the Republican majority in 1860 was 7,500 ; {g 1870 1t wan 8,200 ; and in 1871 it rushed up fo 10,673. The voto of the lsst two years was sy tollawa : Topublican majority. Whole vote..... Nolaon Dingley, Jr. Josoph Tltcomb, Heatlerlng.... Republican m: If the msjority ¥ previony analogles, it will or should resch somewhers near 12,000, and aa thia victory will be won upog pure hard-monoy grounds Ita influence will by of importance aa au aloment of encouragement to the Ohlo Republicans. It ia tho firat gunof tho campaign of 1876, and its report will shoy whether the Itepublicans of 1876 are awake o aaleep. PERSONAL, K~—j is etill being inquired for. Andro Dormoull, of Paris, is a prominent gues at tto Palmer House. ® F. V. Naydea, of Washington, is a late atrin] at the Graud Paclfic. The Arkansas Charlic Ross case doss motia reality amouut to much, Willism H. Have, Bishop of Niobrars, fag gunet at the Bherman House, A, T. Stewart has made moro money thiy season than any othor buainess man. Paris wits ridiculo Webb and Boyton by may. fog that tho stupidest fish can awim Farthor. Cowpot’s hougo is standing in tho market. place at Oluey, England, but it is not for gale, Barnum pays bis ballooniat 8200 & day, whieh may b ¢alled inflationist carrency, bat it kille s man in the long run. No wondor the British proletariat growls o the bigh price of meat, when s bull sold thy othor day for $25,000. ‘Who was guilty of that enormous lia tha Androw Johnson hiad §350,000 of lifo Josuranocs ¢ Ha had not penny. Red Clond turos up his ruboscent aqullios nose at the invitation to clvilize himself. My wanta to livo honestly. Bret Harte {s in Boston. Tbo intetectoal atmosphere of Maine was loo tennous forhis vigorous mental frame, ‘The Rov. Dick Battle, negro pastor at Mariden, Mies,, has stolen & bam. Be avideutly thought it one of his own family. Lucea 19 going to mako ons moro tour of Car. many, and thon retico into private life, attandd by a man who ia not & Baron. Prot. Richard T. Graener, of the Univorsity of South Carolina, sums Sumnor up a3 ** a com- bination of tho idoalist, stateaman, and scholar, Gen. Myers delleato frame may well ahake with envy to leara that the English ** Old Probs- bilitiea™ waa right in 78.2 of his prediciions in 1874, Victoria Vokea Is to marry Clayton, the actor. Who's Claylon, anyway, that he sbould haveall the money pald Ly Americans to Miss Viotorls Vokes 2 Thero are moro than 2,000,000 Willtams in the United States, doubtless desconded from that tintinguizhed patriarch of ancient timos, Wil lam Allen, No. 412.—At Philadelphis, George Wateon 105. Chobped tho finost wool without spectacles. Road a page of print daily before broakfsat.—~ New York World. Tonnyson has promised to writo several ner scenea for his drawmn, *Queen Masry." Theres nothing an otor hkes so much as having some thing writton in fur him. The little boy who mot with an accidentst Pasanlo Falls was not a brother of Charlie Rost. Heo was a Koso by another namo, bub just & aweot to his parents, doubtless, Garibaldi left hia crutches with the ownorof ¢ villa at Civita Vecchia whore he had recoversd the neo of his limbs, and told his hoat to regard them 88 & souvenir of hia visit. Mr. Ollve Logan Bikes has at last distle guished himeelt by rescuiog s drowniog womaa at Long Brunch. Ho la deaf to everything bl the cry of beauty in distreas. Bergh has commanced war onca mors on the street-car companien, [t's & sheer wasto of time 0 do 80 in behalf of the horses whon there &% human ascrifices inoumerablo to attend to. When the Pomersvia pext arrives in New York, Carl Schurz will view the spo: where bis 1ate digestion triumplied for a brisf and breety bour, and finally succumbod to ths lasvitable. Change and docay mark the progress of the centuries. Empirea totter, monarchies are ovar thrown, oustoms, manners, and roligions psyé sway, but John D, Gough comes to timo aa losd »od proposterous aa over. Mra. Rose Mary Crawslisy Rnoounces that ber plan of “lady domeetica” I a doad falum. Therv's rus for yon, Roso Mary, That's forr membrance of & scheme which msant well, bat whioh satirized aociety too ksenly. Al, true. Hans Cbristian Andersen would hisve marnied if ho could without breaking the hoarts of the hundreds of other women wbe wore in love with him. e thongbt of tha othee boayis thet would ache, simpla sout ! A Toroato High Church papor, the Church Chimes, calls one of the Canadian Bishops “8 thick-skinned huppopotsmus, who can only b wounded in the eye.” The Chimes is ignorsad ae wall as conree. It means the rhinoceros. Mra, Balther, of Tolodo, had little twins which -wore just boginning to be cunolog when #he gavo them morphine by mistake, aod Mt Bather is no longer compelled to devota her life to the nuraery, tho twins haviog left this lifein disgust. Fowmon In politics would have the hardibood todefond the presa-gag lsw, But thers is 008 mas out of politica fiom whom such & defers® ought tol% expected, and he has come toibs surface, Xe it necessary Lo Dame him s Matt Carpenter ? Queon Victoris s ot above the feminios vicd of curioalty. Bho Las writton to Aligs Dickioson fot a photograph, evidently ta see what sort of taste ber son's friend, Baker, had. Bless her soul, b is not particnlar. A uative of fodis I8 good anough for him, ' HOTEL ABRIVALS, Grand Paciflo—F. M. Eeith, Jr,, Kanssa; 8, B To+ ton, Fultou ; 1. ¢, Bruce, Cincinnatl; Chsrlss 0%* 5d, Oleveiaud; J. L. Kallogg, Devenporti & Bawbarger, Rock Talsnd ; H, A, Purker, Iowa | W. %o Diosmore, Erie; 8, A. Hatch, New York; LW Lozing, Boston M, Stuart, Kausas Cif Hull, Han Fraocisco; ¥, B, Fuller, New Yok Staale, District of Columbis, .. Palmer Houss—A Les, Dabots Terrilory ; Willlam Reichrsan, P . Tt BLeply, 8¢, Louis: G, K. Danforth, Botkia Coruibos Mo Yorkj Jdobn Hmith, Provideoc® . Bostou® ‘E. A W 3. Q. Thorpe, Eau Ulaire: Goo, W. T+ aw o.::.: Jimes ¥, Loodal, New Yorki 0. ¥ danborm, W, AL Olase, Cocards W, 8. Tow sand, Einil de Planqus, New York ; Joba Hands, M laud; Charles MHaustesd; Laltimore; W, udon ; W Barker, Ero Connectiout; G, ‘George J. _ Buxto 'oots, New York....4) wis L. Coburu. Moutpeiari ol J. A