Chicago Daily Tribune Newspaper, September 25, 1875, Page 8

TTTE *CNNIICAGO TRIBUNE : BATURDAY. SEPTEMBER 1875.~TWELVE "PAGRES. ber. Corn was in good demand and elosed e higher, nt 55} cash, and #ftio for October. Oats were active but easier, closing at 1t )c for Soptember, and 81e for October, Ryowns dull and lelower,at 7le. Barley was quiot nnd wenk, closing firm - at $1.09@1.10 cash and £1.02@1.02} for October. Hogs woro active and closed stronger, heavy weighta ad. vancing i@10c. Cattle were nctive and weak. Sheep wero steady. One hundred dollars in gold would buy $116,37} in green. backs at the elose, A uotice appenrs in one of the evening pa- persy, in the form of an adverlisement, to the effect that, on the 4th of October, * The Citizens' Railway Company " will petition the TE’RMS OF THE TRIBUNE. DATER OF SUSSCTIPTION (FATABLE 1N ADYANCR). Ofice. Voutnze Prrepald at th Ostly Edlson, post-oaid, 1 yesr. Parts of year at Muiied teoany nddress FORR WEERS for. Hunday Hait ary and Leligio! On WM elubs the subsoriber must remit tho Dortags which s 16 centan Bpecdman coples Tojravent delsy and mistakes, be rure snd glve Post-LMice addresa In full, fucluding Stateand County, Rerstances may bo made either by draft, express, Yost-Offica order, or In Tegiatered letters, at aurrisk, TERMA To CIIY BUARCHIDERS, Dafly, ddivared, Sunday excopted 253 cents par week, Patly, deliverad, Bunday inchidel centa per woek, Common Council for an ordinance gronting Addrees TIIH TRIBUNE COMPANY, them the use of the following streets : Doar- Gocner Madioon aud Dearborn-ste. Chivsge, L | born, LaSalle, Jnckson, Harrison, Monroe, . Congress, Twenty-second west of State, Fourteenth, and Third, Fourth, Pacific, and Wentworth nvenuea ! Thisir n very com- prehiensive, i€ not a very cheeky, fcheme, and embiraces evory important street in tho South Division except Michigan nvenuo not already ocenpied by street railronds. The schemo, liowever, Ruggesta some questions, among them the following: Whnt is the little gamo? Who conslitute the * Cilizens’ Railway Com- pany"? If they have planty of monoy, there i1 no doubt they will bo able to obtain what they desire from the Ring in tho Conpa cil. Butwho are they, anyway? These questions are of romo little interest fo tho publie. The importance of the advertiso. ment. of course, tho Council will see, in a financial shapo at leasi il SOME )05 THOUGHTS, A man who seriously contemplates the pos- sible results of the Krtier 4.65 intercon- wertible greenback bond docs soat the risk of softening of tho brain. Any man who wonld deliberntely propose to give bit notes with interest, pay the interest in other notes, con- vert tho interest-benring notes into non- interest-bearing notes, reconvert the mnon- interest bearing noles into interest-bearing notes, aud continue Lhis process for all time, avd call it paying his dobts, would bo set down 08 an irredeemable lunatic, and every- body with n reasonable desire to rotain his foculties would refuse to transact businese with such an individnal. Mr. Keirex pro- poses that the Government shall not only go into this sort of business, but that the situn- tion shall bo still more complicated by using this sort of stuff ns currency. It is a hard matter to think or write conneetedly sbont such a jumblo and whirl of confusion, but hero is n suggestion of some of the rosults likely to casue, To begin with, the National Banks are to bo abolished,~wiped out,~and their notes are to give way to greenbacks, Wo shall have, then, sbont 8750,000,000 of greenbacks, Here two points should bo noted, viz.: (1) ‘The Government will Jose & rovenus of sbont 28,000,000 which the National Banks now poy in iaxen; (2) The pledge of the Gove ernmnent that the issno of legal-tenders shall not be more than $400,000,000 will havo been flagrantly violated,—provided the Bupremo Conrt permits it to bo done. ‘The next suggestion is that all of this $750,000,000 of notes will go into 3.65 green- bock bonds, excopt just enough to mpply the absolute demand of the country for change. ‘The bonds will be issued in $100 and malti. ples, and perhaps aven ns low a8 830, and, it may be, still lower, In that cass, what would provont the entire currency of the country going into 3,65 bonds, and thess bonda them- selven becoming currency? Cortainly every inatitntion and business man who bhad money idle for any longth of time of not moro than & weck would convert his green- backs into these honds, The banks would invest all their surplus mud idle moneys therein. A convertible Governsent bond at 8.6 would be proferred to an judividual eall loan at 43 or 5 per cent. Every $1,000would be earning 10 cents & day, and every 100 ono cont o day, and bo just aa convenient for uso and in pnyment of dobts or purchase of goods or lauds as if it were kopt in green- backs of .a emaller denomination, Would. not the nct of conversion and reconversion be muperfinous and useless? Would not o &30 bond bo received on deposit at its face valno and accumulated interest as readily ns the same amount of greenbacks? Would not the bonds, in ofher words, becomo n part of tho currency of the land,—an awkward and cumbersome currency, to be sure, but one that i carning an interest. There would be the powerful inducement of 823,550,000 annually, as this is tho amount of interest at 3.65 on $700,000,000, leaving £50,000,000 in greonbacks of o smaller denominatian far chonge. Every man would desiro to have his money carn a port of this vast sum, especinlly it it could be dono without intee- fering with the nocessities of hia busineaa, The affect of this, to trace the resulis no AMUSEMENTS. AOADEMY OF MUBIC—Nalsted strect, bstween Mutson and Monroe, Engagemont of N, I), Rab- eftn‘lacmmxuuun. “ Jack aud JiL" Afternoon and evenlng, 5 MOVICKER'S TIHEATRE—Madison street, between Dearborn and fiate, *Ruuning s Corner.” After- wom aud evealng, HOOLEY'S TIEATRE—~Randolph street, Letwosn Qurknnd LaSalls, Engagement of the Californis Mioatrels, Afternoon and evening, ‘WOOD'S MUSEI'M~3ionroo rtroet, between Doar born end State. * Caste " and * The Irish Lion." Af- texnoon und evening. UHICAGO THEATRE~Clark streol, between Ran- ol ulnl Lske, *‘The Two Urphsnn” Afternoon ft ng. ADETPHI TUEATRE-—Deatborn street, corner Monzoe. Engagement of the McKee Rankin Troupe. *Tho Two Urphans,” Afiernvon aud evening, INTER-BTATE E.XPOSITION—Laks ahere, foot of Adzms tres WM. P, WARRZN LODGE, No, 200, A, F. and A. M. ~Ttegulsr communication thin (Saiur evening st gnauul "G"' 122 Lasalles, for tusiners, All rrosi~ t jaTs aro requestod to he prenel ek ¥ J.R. DUNLOP, fec, Tho Chieags Tribune, Baturdiay Morming, September 25, 1878. WITH SUPPLEMENT. Gree nbacks at the New York Gold Exchange yestenlny opened at 851, rose a shade,, fell to 85 §, snd clased at n shade above 851, Presiident Gnast is at St. 8, whero ho will raumin, it is supposed, long encugh to 50 arrange s property-interests in that vicin- ity na to bo able to take up his permnnent reside 3co In Chieago immediately upon the expirt tion of his term of office. Ho is.nnatur- ally desirons of adjusting his offnirs-before. houd, and thus a8 far as possible be-spared tho necessity of making business tripe across the bridge. = Mr, Gronae W. Gaor, a prominent and highly-esteemod citizen of Chieago, diad yes- terday, at tho ago of 64. Although tiw ovent hing boen quits genernily anticipatedfor several days, it will none the less occnsion deep grief nmong the personsl friends of the devonsed, and universal regret on the part of the city #8 o whole, with whose growih, improve- ment, and progress Mr. Gaor had been ex- otensively identified. Ho will be mourned alikong a worthy, honorable gentlomen and & valuabja and valued citizen. An enrnest appesl is made in behalf of that ot admirablo ivstitution, the @hicago Athenenn, the design being to freo it from debt and toso sugment the membership as "40 enable tho Socioly to greatly increeso its power for good. 4t is proposed to enlargo sho attractions aod privileges of the Athe- psum very matorially, and to this end sm oxtra -pliort financially 4is askod of its membars and Irionds, Buch afort surely ought not to be ithheld, and wo hopo tho response io tha #ppeal will mect. the largest expectatiors of o Society maringers. It is an institution in avery way worl by of support. Triends of) Gov, Truoex assert that le ailently destres and confidently predicts tbs dafest of | Bag-monoy Bty in Olio, and tlre consequenit loss of Pennsylvania to the inflation Detmocracy. It iy suid that Mr. Trpex has cast the political horoscope with arcaul, o portion of which is quite in accardnrree with tho rockonings of other shrewd | olservers of the situstion. Ho caloulntes fhat the record of events-will Lo sometking like this: Republican victory in Ohio; diiito in Pennsylvania, as s logical so- quenerx; ‘great prestige for tho New York bard-anoney Democrats, and a victory for them in the Empire State; still greater pros. tige ¢if G ov. TILDEN ; nomination of Mr. T, ss the 1)em ocratic Presidental candidate in 1870 further, would be dwo-fold « Firat, as to the gpor. alagrd-money platform, Government, it would lose : ) Natfonal Dank taxes, ., $10,000,000 New York has stolen o mareh upon Chi- eago anid secured Moony and Bankey for the wiater, While we woro movingin the matter with ‘becoming solemnity ond deliberation, the Y. M. C. A. of Gotham slipped in nhend and glosed a contrct with tho great evangel- Iste.* Before wo hud begun to think sbout dolls ys and cents in connection with the great relig fous rovival o oarnestly and prayerfully desl red, New York hiad it all in Black and wl te—snlarics, oxpenscs, sale of tracts and sor gs, date, kocation, etc.; in short, a mat. ter -of-foct busivess transaction, The general plan, os outlined in our dispatch, naumes Nov. 1 as the dats of the commenco- vuent of the rovival in New York, and “Banxow's great Hippodrome building, latterly kuown as GiLuone's Beor-and-Musio Garden, isthe place. Thero was to havo been opem at 50 cents ndmission given there during the winter, but Lir, Mooy will now act as con- duotor, and Mr. Banxxy's moving melodies will take tho place of cavatina and chorns. Amusemen‘-managers are sald to bo dis- consolate 1.t the prospect of empty benches, bat New 'York, on the whole, no doubt eon- gratulates. herself upon Laving been, as usual, the first %0 introducs in America a really first- class ntfiraction. Chicago will find comfort in the 1-efloction that her Eastern rival stood in more pressing need thau herself of the service s of Moony and Savzey, e——— Tt Chicogo produce markets wero very wral, unsettled yesterday, but generally soriger. Mess pork was in urgont request, ued advanced DOGGUo per bil, clowing at 22,75 cash, and $21,00 for October, Lard wa duil and a shade firmer, closing at §18.85 casly or seller October, and 812,90 soller tho eir. Myats wero in fairrequest and fimmer, 1 8@8lo for ghoulders, 12@124c for short ¥iba, and 12j0 for short clears. Fighwines W{ro quiet aud ateady, at $1,16 per gallon, 1yike froights were qulet and easier, at 2@ & {p tox cora to Buffalo, Flour was quiet and vreak. Whost was active and closed 1} {wm ab 91053 omad aud Sheag b Gutos Intercet on $306,000,000 BORs 3l 588 vr.o -, 25,600,000 Tot ~eneee 5,850,000 The only way to moet this increased in- terout and loss of rovenue woull be additional taxation ; nnd the additionnl taxation, under our gystem, would have to ba, perhaps, 250,- 000,000 to afford §35,000,000 of additional vevenue. Bo far o8 the busincss public is concorned, the effect would be to creatc a tight woney market; for, s long as idlo money is carning an annual intorest of 3.66 per cent, payablo by the Governwment, there will lave to bo an axtra inducement for the lonning of mowsy to private individuals, One part of such an indacemont will bo o higher Tate of intereat ; another a demand for botier securitios; both will tighten the money mar- ket, and make it Larder to borrow than now. It wa pursne the subject further, and ec- copt tho ideas of Mr, Kerrxy's expononts, the greonbocks that go into #,65 bouds will b used (n purchasing the bonds at a higher rato of gold interest. To do this, ot Lhe prosent rate, it will requira $1,200,000 of ourrency {o buy np £1,000,000 worth of the 6 per cent gold bonds, ‘This $1,200,000 will immediately go into .65 bonds, The Goy- ernmant will have saved nomiually 16,200 in interost on this transaction, providad that greenbacks fall no lower than now, but in order to do this it will have increased the national debt $200,000 ou overy million. But the results do not stop here. 1f the Govern- ment uses the entire sum of £700,000,000 to buy up gold bonds, thoe currency of the coun. tra will be doubled, ainoe tho 3.5 serlp bonds will circulate ss currency. In.uch case, can tho gold bonds be bought for 1207 Wil they not, mors likely, cost 150 or morey Any bonds that aro bought abroad must be stantly . relssulng greenbacks in greonbacks in a degres “z 450 eutenk-of the lasun within hounds to sy that gold bonds would #oou cost 140, and then advance indefinitely perhaps to 200 or 250. In that case, the Gov- ernment, will increase the debt by one-half or doublo it, and thereby lose all the adsantage of tho difference in interest. In the mean- time taxation will have enormonsly increased, the currency and the currency-bonds will be more varisblo in valno than ever, snd their value perhaps not 40 or 50 cents in gold ; the business of {he conntry will bo more sori. onsly disturbed than ever and confidenco moro shaken, and the finaucial condition of the country will bo so hopolessly intricate, confused, and chnotic that nothing sliort of repndintion will ever straightcn it out. Ter- haps this is the gonl which the 3.65 scrip advocates aro trying to reach BPAIN AND THE POFE. Thero ia n little Lhape for Spain in the re- markable fact that, for tho first timo in its history, it is talking back to the Roman Curia, and virtually telling tho Popo to mind his own business in political matters. Our readers will remember that wo have already commented upon tho fact that the Papal Nuncio hns informed the Bishops of that country that they alone Lave tho right to su- perintend ého education of the people, and the Government that it must prohibit all re- ligious cxercises save the Roman Catholie, Iu that article wo assumed the position that, while Spain was the only country in the world where tho Pope conld practically die- tate to thoe Government and usurp its pre- rogatives by giving its instrietions as to the course it shhould pursue, the Liberal clement had grown strong enough to assert itself, and would undonbtedly mnke its influence feit. The proof has come sooner than wo hnd expected, A cablo dispatch of the 224 intimates that the Nunclo, who isthe Pope by proxy, nddreased a note to the late Government demanding the execution of the old concordat between Spain and the Vatican, which not only includes the points wo have already mentioned, but also s growing out of them, the payment of arrears duo to the clergy from tho Governinent, and the rpeedy pomination of Bishops to vncant Bishoprics, That Government, then on the vergo of dis- solution, replied in a conciliatory but firm ninnner, endeavoring to conyineo the Nuncio that circumstances had changed. The new Ministry, as it now appenrs,is even more firm than the old one, and has not only wrestled with the Nuucio, but hins instructed it envoy ot the Vatican to mnotify the Popa that whilo the Madrid Government will re- spect religion, it will at the same timo pro- tect ita rights. This is tantamount to n notification to tho Pope that ho must abate his protensions to dictato to the excentive power of tho nation, and it is the first enter- ing wedgo whiok will oventually roparate Church and Stato in the only country where the Curia now presumes to usurp executive authority in matters of State, It foreshadows a timo speedily coming when Spain will as- sert her political indopendence, and the empty Papnl threat to proclim Doy Cinvos King will hasten the tie. The Curia may, aa it hos dono before, placo a crown upon the head of Don Canros and go through the silly flourish of acknoswledging bim, amid the laughter of the nations, but this suprems and empty act of intorvontion will only unita tho Spaniards more closely sgninst him and sirongthen the Liberal element, Light is evidontly breaking in npon that diztracted coantry, and the most Lopoful sign for its future i@ that it bns commenced, oven at this 1ato day, to throw off tho fetters of religion and resist the porsecutions of priestcraft. In this stragglo it will have the sympathics of the civilized world. THE MISSIESIPFL ATROCITIES. The Vicksburg Hemid, ona of the promi- nent White-Leagao organs and negrophobists of the Bouth, takes cxceptions to a rocent ar- ticlo in Tns Curcaco Tamung, in which tho essertion wes mado that the Clnton riots in Misaissippi wero the logitimate rosults of the tonchings of that and other similar’ papers. 8zya the Jlerald: - ‘Tho Herald bas never encouraged roting, and has always counseled peace, It has naver desired to seo negroes of - the country harmed, but 1t hss constanily urged that, wherever a riot occurred, tho poor, de- \luded negroes should be spared. Whenaver the Xifl. fng of anybody s made necessary Ly acts of lawless violenco, the Merald has always favored the killing of white scoundrels,—the carpet-bagrers and renegides who are the suthors of ol} our troubles} This does not alter our opinlons of tho re- snlts of the teachings of that papor, but, on tho other hand, confirms them and shows that we wero in the right. It has not only indncod the gang of whito rufflans of Vicks. burg to murder inoffonsive negroes at Cliu- ton, but it now declares itself in favor also of murdering ** carpet-baggers, "—that is, North- ern men who have gone Bouth to live, and who havo the sama right to live there that the editor of the Vicksburg Herald hes; and of ** ranegadles,"—that is, Southern men who do not think ns ho does, As o furthor illustration of tho teachings of the Herald wo have & ease in point. Mr. puid for in gold, snd the Governmemt wmusp go into the market and buy the gald Thiy, along with the enormouns and unparalieled inflation jncident to the process of ocon. o ohange for gold bonds, will depreciate limited by is eniirely Harra, a Nortbern man from Ponnsylvania, went South about six years ago and located in Hinds Connty, Mississippi, as a planter. During the first four years ho fol- lowed, farming, while his wife tanght a ocolored wchool. For a year or two post he has been engagod in teaching the colored children to rend sud write, 8 few miles away from his home. . Ono night, a fortnight ngo, on his return homo he passed some of his white neighbors, whoso attitude towards him convinced him that thoy meant him hars. That night a crowd of fifty white Democrats broko his door down with a fenco rail, forced their way in and murdered him by shooting him, at the same time choking nnd abusing his wife and threatening to kill ber and the ohildren if they made any outory. They followed up this brutal and cowardly navussination by killing all the negrocs they could find about the place, Subsequently they compalled the poor woman to abandon her little property and flee to the North for safoty. In an interview with a correspondent of the Cincinnati Gazette she says: “1f they had warned my husband to leave he would have gone, but thoy gave us no notice, I do not know what they could have against Lim, cxcopt that he wasa Republican aud taught o colored school.” This is one of the direct results of the teachings ot the Vicksburg Herald. This dead school- mastor {9 one of that class of men whom the Merald expresses itself in favor of killing,— a quiet, peaceabls, inoflencive man, against whom there was no other chargo than that he was a Republican, and spent his time in edun- cating those who had been kept in darknoes by such agencies a8 that of the Vicksburg Herald, wnd for this offense he was murdered and his family driven awsy into destitntion. Now, lot us turn the tables. Suppose that ® Democrat from Vicksburg should ocomme North and open & school in one of the subus- ficn towng of this wum{‘.o filled with an i1 terste foreign population, Bupposs, fur. thannore, that, bp:u » Democtaly ths Hee publicans should bo afraid of hia influence, and shonld fear that his teachings would mako theso foreigners less docile, les casy of intimidation, aml less linble to bo imposed upon and abnsed, and keep them from: voting the HRepnblican tickel. Suppose that they should decide, thorefore, that ho must be put out of the way, and that a gang of Republicans should go to his honse in the night-time, and not only murder him, but also drive his wife and children back into the South in n state of utter desti. tution! Buch an act as this, which wonld be the cxact parallel of what has oceurred in Mississippi a fow days ago, would raise stuch an outburat of indignation in this county and Stato that the murderers would be instantly hunted down, arrested, and hanged upon conviction. Every man aceessory to the act would bo rent to the State Prison. The Re- publicans would be the most active in the prorecntion, and Tnr Cuicaco Lrinuse would head the erusade. Wo have not heard, however, thatthe infamous Mississippi mnr- der hns oconsioned nny excitement in that State among the Democrats, or that the Dem- ocrats have demanded the prosecution of the Domocratic munlerers, or that the Vicksburg Ilerald bas hieaded any crusade for their ar- rest and punishment. ‘The renson for his obliviousuess to the murder of n Northern schoolmaster is tho frct that he belougs to a clnss which is os- tracized by the Jerald and its followers, and is not allowed to have any rights in the Sonth. Consequently, if ho nssuwes to have any rights, there is no wrong in murdering him, whether be be black or white. We had supposed that this cnormity was burned out of the South with gunpowder n few yenrs ago, and that it had accepted reconatruction in good faith, nnd the fact that overy foot of American {territory is equally free to every American. An Dlinoissn bns just as many rights in Mississippi as » Mississippian in Illinois. This murdered schoolmaster bad just as good right to tench colored men in Misgissippi na the editor of the Vicksburg Hernld hns fo print his paper there, If it wero a crime for tho one to teach, then it is acrimo for the other to print; and if the murder of tho one was right, then the mur- der of the other would bo right also. If this is the view of human rights which in Deld in tho South, then thero is certninly need of another visitation to the South, and a vigorous burning out of these remants of tresson with moro pow- der. If the cditor of the Vicksburg Merald i8 really in favor of Lilling * carpet-boggers” ond ¢ Sonthern rencgades;” becanso they do not think ns Lo doces, then he should taste the firat fruits of this visitation, and be made to know that he has no more rights in Min- sisgippi than a Northern man, be he black or white, Ropublican or Democrat. If this proposition is denied, tha issuo might ns well bo mado at once and settled, This is not & perfect Union until there is equality of rights, irrespective of color or of politics, and until Tepublican principles can bo upheld in the Bouth jost ns rafely a8 Democratic principles are upheld in the North, This must be done, if it requives tho hanging of the editor of the Vicksburg Jferald and every other White- Lenguer and negro-hater in the Stato of Mis- sisaippl. Vicksburg has been taken once, and can be taken again if the ocession requires, Is the Vicksburg Merald in favor of the policy we bave mapped out as the only poli- ey which ean restore peace in the South and tho porfect union of nll tho States ? A CURIOUS . AGRICULTURAL VIEW OF « FINANCE, Tho National Agricultural Congress has held its fourth nnuunl session in Cincinnati, with representatives from several of the Western and Bouthern States. Col. Gpurr- mith, of Nashville, Tenn,, occupied the chair,’ and delivered an opening address which contained some remarkable ntterances on finance. Ho included among tho spocial drawbacks to ogricalture tha system of Nuotiona! Banks, and on the gonernl subject of financo offcred tho following romarks : Oneof tho most gifilcult, if not the moat difficult, question within the whole rango of political . economy is fnance: aad I oporosch i with distrust of my ability sad difidence unfolpned; for the grestest minds of this conntry bavo grappled with the subject but to bo baffed, and give out opposing viewa to those of other equally gifted minds, And yet my mind ly S1im tn thie belfef, amounting to conviction, that the m of National Banks is crippling and sspping all the interest of the industrlal and producing peoplo ; and the peaplo must demand @ system of currency based upon the veal esials of thy country—such ss tho Government hina the powoer to regulate—greenhacks with 8 fired and uniform calue, to be lncreasod, par( passu, with the increass of population, to meet'tho domiands of exchange ond commerce, In brief, then, Col. Gurvrrrn’s romedy is to abolisl National Bonks and issuo a Govern. ment currency based upon the real estate of tho country, 1. In rogard to the National Banks, wo are inclined to think that a inajority of the farm. ers in this conntry ara intelligent cnongh tore- memboer what the Nationnl Banks bave done for the productive and industrinl interests of this country, Thoy aro loaning abort one thou- gand millions of dollars for the purchnso and movement of agrioultural products and sup- port of manufactures, ~$500,000,000 of their own capital and $300,000,000 of ths general capital of the gountry in the shape of depos- its, which has keon Lkept in ciroulation and in n loamable condition through tho means of thess £,000 flscal ngonts, They have mado their notes, of isguoe -abrolutely securs by the doposit of United Statos bonds in an amount consider- ably oxceeding tho%ssuo of notes. We do not kes how any reasonable man can accuso the National Danks of “crippling and sap- ping all tho interests of thie industrisl and producing peoplo,” in viow of this condition of things. We do not belleve that Col. Gair- ¥rru's unsapported statement to that offect will kave much influence upon the farmears of this country, multitudes of whom deposit with and borrow from tho National Banks, 2, As regarde the proposed Government curreacy, wo may eay that whenever Col. Guertru or the National Agricultural Con. gress will devise o plan that will give green. backa “a fixed and uniforn: value,” wo shiall he prepared to indoree it fully and heartily, bat yo such plan has been proposed. At present, however, Col. Gurrrrru is nltogether wrong when he says that * the Government has it in its power to regulate pupor mongy, but has no control over matallio carrancy,” ‘The very converse of this proposition is trué, Tho Government may reguiats gold and silver by coinage, so that a dollar has always a fixed and uniform stand- ard ; but it cannot give & plece of papor a ixod and uniform value by printing o dollgr- mark {hereon, If the Agricultural Congress ‘would think a moment, it would bave to ad- nit thet this {s true. 8, We fear that s currency based upon the real ;tate of the country would not attsin the Gkedness and uniformity desired any bet. ter than the present currenoy based on the “faltrand resouroed of ‘the natlon.” The valuqo? » resloatats seonrity, Liks that of uun;hn Maqurity, depands upost ite couvarke . ibility into money, A currency bnsed there- on would, in orler to have any value, have to givo n direct lion upon soma particular renl ostate. Every note wonld have to be n mort- gage or trust-doed, so that the holder might forecloso speedily by the process of Inw it tho Government failal to redeem the note in real mouney wupon ils presentation. Now, what renl cstate docs Col. Grirrirn proposo the Government shall pledgoe fn this mannor? Is it the improved farms owned by tho comstitnency of the National Agrienltural Cougress? 'The farm- ers will probably begin to inquire by what right the Government assumes to morigagoe their privato property for the redemption of its serip. Ise it tho Government buildings ? Shall every 310 note ho a lien upon a partien- Inr stono in tho Capitol, or o beam in the White House, or a brick in the Chicago Custom.House? Or 8 it the Government wild Iands? In this case, the fimt thing tho National Agricultural College must do ¥ to induco the United Sthtes Congress {0 repeal tho Ilomestead laws. Wo fancy that tho farmers wiil like- wise opposo this proposition ; or, if they consented, the public Iands not alrendy pre- empted would go a very gmall way in re. deeming %1,000,000,000 of CGovernment notes, or more, Wo think it is in order for tho ndvoeates of o currency **based on real cstato” to explnin just what real estato is to be nortgnged, and how it is to bo sold out or turned into coin in order to give the “fixed and uniform value” to greenbncks when presented for redemption. It may be said right hore that tho farmers nre not to benefited by any wild nnd visionary suggestions of this kind; and, if the Natlon." al Agricultural Conggess has nothing botter {o offer, it will do just as well {o dispenso with ita future sessions. BECRET SOCIETIES IN POLITICS. Tt is safe to say that thero nover was n Bo- cret political organization in this country whoso cxistonco wns not very brief, whose inflnenco vipon public affairs was not perni. cious in the end, and whoso leading members did not live to regret their connection with the movement. Every student of history knows this from tho lessons that he has gleanod from the past, and every man of ma- turo years knows it from his own personal obgervation. In this country and in all other countries tho banding together of inen in the dark with onths, sigus, grips, pass-words, and penaltios,~resolving in secrot and acting in seeret,—~has always accomplished moro hurt than good, and society, religion, individuals, and the Btate have.ench suffered moro or losa in consequoncs of such organizations.. This assertion is a very broad one, but it is proved to be corroct by the workings of every secret political soociety that ever Lad an existenco in the United Btates, Tnke, for example, the history of the Know Nothings,~nan or- der that sprung up in a night all over Now England, /and especially in Massachusstts,—getting temporary pos- sesaion of all the State offices and electing Governors, Congressmen, and Senators; ‘what credit is now decorded to the mon who belonged to that midnight band, or what per- manent beneflcent mensures of public policy did they innugurato nud crystalizo into law? ‘They stimulated passion, cxcited religions projudice, fomented jealousies, and fostered traditionhl and sectarian hate—that was gl 'The same may bo ssid, nad much worse, . of the Knights of the Golden Circle, tho White League, and the Ku-Klux Klans, of the South, The record of somo of these gangs of scerot plotters are os revolting nnd bloody ns simi- lur organizations in Paris under tho lead of tho crnel and flondish Ropesrierne in the dark days of the French Revolution. Even Freo Masonry, that lins kopt itself gener- ally freo from all complicity with political movemonts, has never doparted from its safo rule in a single instanco withont serious hurt to the organization, and without bringing confusion and disaster to the men who were directly ongnged in the new departure, Now this is briofly preliminary tothe wamn- ing that Tun Tninuxe vishes to send forth to Col. Jonx Coounaxg, Grand Master of the Patrons of Husbandry of tho State of Wis- consin, and to the mon who are following his lend. BMr. CocmraNe has recently issued an official proclnmation to the Grangers con- corning tho railroad logislation in that State, which o considers loss stringent than it ought to be, aud he therefore proposes to ob- tain ¢ supplemontal logislation ” to ** enable® | tho Stnte authoritics to carry ont tho full spirit of the law.” To obtnin such legisls- tion, he proposes to pack the noxt Legisla- ture, and for this purpose ho spponds to his address a circular whick ho recommends ** to the Mnstors of the Granges throughout the 8iato to make froo uso of, addressod to candi. dates, and to make public the answers they re. turn, snd if no answer is returned, to maks publio that fact also, that the Patrons may govern themaelves accordingly.” The italics are ours and not the Grand Master's, and possibly the language is sig- niflcant and emphatic enough without any particular emphasis. This circular contains, after the preamble, thirtecen questions, -all beoring mpon railroad legislation, and ad- dressed to the candidatos, ¥ Now, asking questions of men who ars can. didates for public office is all well cnough, but it ju what lies back of it that we complain about,—tho attompt to clect ordefeat men by the machinery or connivance of a secrot po- litical organization and not in a fair field and by anopenfight. If Col. Cocunawe's thirteon questions mean anything, thoy mean 40 sub. ject the candidato to the ordeal of (he sacret lodge-room, and in some soctions where the Grongo is in tho nscondant his fate will be decidod weeks before the balance of the electors go to the ballot-box. Iicre is the Grand Mastor of & numerous and widely. seattered socrot soclety that seoks to put the machinery and power of his Order into op- aration to obtain special legisfation for the benefit of a speclal class of citizons. He pro- pares the catochisin for the candidates him. self, directs all his lioutonants of the sub- ordinate lodges throughout Wisconsin to mako *freo uso of it,” and to publish the tesult, g0 that the Patrons can govern themsclvas accordingly." Buppose the Aa. sons, Odd Fellows, Good Templars, and other secrot socictics, should eundoavor to shape legislation for their especial benefit, would it not create an indignant protest from overy falr-minded citizen in the State? Or suppose the Catholio Archbishop Hewxy, of Milwaukee, should prepare a list of questions upon the importance of the diversion of the common school fund for the support of sectarian schools, and recommend all tho Cathollo pricsts in the Btate ‘‘to mako freo use of it* before election-day, would not Col, Joux Coonnaxg and his Graunger friends send up one unanimous howl over the ag- gressdveandanti-detnocratio tendencies of the . Romish Churoh? But Archblshop Hrwn and his Catholio associstes have a far better xight (o seek 40 abiain loglslation, if they oas, that will give them control of u portion of the sclicol fund than tho Grangers have to seek to obtatn legislative control over rail- rondn, ‘boenuse the former regularly and an- nuatly pay their proportion of the school tax, wherens Mr. Joix Cocnnase and his Granger friends pny no taxes for the support of rail- ronds, but, on tho contrary, there is not a Granger in Wisconsin whose burden of taxn- tion is not mado annunlly lighter in conse- quence of tho intmenso amount of taxes paid into the Stato Treasnry by theso same rail- rond corporatians, . : - Wa respectfully submit to the Grangers of Wisconsin whelher their Graund Mastor hns taken a stop in a direction that is safo for them to follow, Is not his recent nctionn challenge to the othor grent commercinl, man. ufacturing, financinl, and business interests nf the State to combine against tho Grangers as a class, and sock to oppress them even s they are now ovidently socking to use nll tho springs of n powerful secret organization to bonelit themselves? The public has beon nssured nlso that the Grange was in no wonse a political organization,—that it wns a body of men and women united for social and in. tellectunl improvoment. Then why does the Grand Master of Wisconsin ' attempt to con- vert it into s secret politienl machina? Why divert it from its original purpose? And why will theso honest and well-meaning men allow their oflicers to drag them into a wrong position that in certain to excite prejudice against them, and which will end ot last in tho comploto destruction of their Order through thoir own disgust ? Two other aspects of this subject forco thowselves forward for discussion in this con- nection, but space forbids anything except a briof mention. The first isthe sorions injury which thisagrarian Porteg law has alrendyin- flicted upon the business and credit of Wis- consin at home and abroad, and the second is tho wide-spread suspicion on the part of many leading Republicaus of the Sfate that thera is n very large Reform cat hid awny under Col. Joun Cocmnase's little heap of menl. Tho present Democratic Roform can- didate for Governor, WiLniax R, - Taxron, is nmember of the Grange organization, and it is strongly suspected that tho address which the Grand Master has just put forth was published tonid Mr. TAvronin his race for the Chief Executive office. We send forth two brief notes of warning to the electors of our neighboring Stato: As citizons of Wis- consin it is yonr duty to consider and care- fully ostimato the effect which theso railroad ncts will have and are now having upon tho future dovelopment and prosperity of your Stato; and ns members of the groat Republic- an party it is yoursolemn duty not to be in. voiglod into the support of WiLniast R, Tarx- zon upon falge pretenses. SERVIA AND TURKEY. Thoe disinclivation of a large number of the Bervians—it ia difficult to aoy whether or not they form a majority—to take np arms in be- kol of Herzegovina and Bosnia is doubtless due to the fact that Servia is much better off, politically considered, than the other prov- inces. It is practically independent. No Turkish tax-gathierer invades it. No Turkish garrison’ domineers over its cities. It collects its own tazes and administers its own affairs, It pnys Turkoy an annuity of £100,000 a year ond that isall. The explanation of its al- leged deairo for peace, or rather of tho sudden nbandonment of warlike purposes, is proba- bly the reported promise that Turkey wonld grant a like autonomy to tho rest of her north- ern provinces, if there was no general rovolt. 1t is by no means certain, howover, that this promise has beon made, or that, if made, it will be kept, or, indeed, that the certainty of its fulfillment would suflice to keep Servia quiet. Tho lateht news looks uncommonly liko war, To be sure, the Servian Parlinment s adopted what purporis to be a ** peace nddress™ in responso to the messngo sent it by Princa Mraxo, but certain sentences in it do not sound very peaceful. The passnge which directly refers to Bosnia and Herzogo- vina begins by saying : ** Perpotual snfforing has compelled our brothren to take wp arms. Our hearts bleod for them. Wo shall give your # Highness overy means to ennblo you to asgist in restoring peace to Bosninaud Herzegoving, and confido in your wisdom for the accomplishment of this noble mission.” * Restoring pence” is a very vaguo exprassion. © We fought four years for tho sako of restoring peaco to this country. Tho interpretation which the Servinn Minis- ter of War pats upon the phrase is shown by Lis ordoring five batterics of artillery and four battalions of troops to march at onco to the Bosnian frontier. When this order has been executed, nothing but an imoginary line will scparato this' little army from a Turkish forco. Tho authorities at Con- stantinople evidently do not approve of tho Sorvian schemo for restoring peace, According to a direct dispatch from Bolgrads, 6,000 Turkish troops have been sent to occus Py part of Servia, and cxtensive earthworks are being put up by the Bervians to prevent their entering the province, 1t is unfortunato that the Eastern turmoil has been made the occasion of great gam- bling in'stocks at London. This makes all the nows from the seat of war more or leas un- trustworthy, inasmuch as the value of falso telegrams in balling or boaring the market s as well understood in London &8 it is in New York. It is ovident that the situation ia seri- ous, but tho dotails ssnt by tolegraph cannot be fully relied upon. The Stato Board of Equalization hias olosed its Inbor, Though we have not received tho dotails of its fingl action on the capital-stock assesaumonts, wo have reason to beliove that tho Board has practically avelded most of the groes abuses and injustice it committed in 1878 md 1874, The capitalstock double. taxation fraud hos beon largaly abandoned by the Board,* The Injustice done Cook County in forter years has not been ropeatod to a glar. ing extent this year, The Board placed the ausessment of property in this county at nearly 380,000,000 less than the samo Board did in 1874, An attempt has beon made to deny to Mr. Dxatoxson .the full measure of credit for his services on the Board, It should be remembered that he entersd that Hoard in 1878, when the whole Board was in wild excitement to punish Cook County and trample upon it. It required patience, firm- ness, and - untiring persistence on hia part oven to fry to face this insane prejudice against this county. . In the matter of capi- tal stack, the Stato Board was especially vin- dictive against this county, In 1874 the battle was renewed, and Mr, DEnioxsox was able to sccomplish something in the way of reduction. His efforts in the Board, however unavailing directly, led to publio inquiry, an investigation, and to the cultivation of a wounder public oplnion, snd it ia to this aroused publlo sentiment that is dues the moderate action of the Btats Board in 1875, Ins fow days the fingl action of the Btate Board will be published in dstalls The agrregato of capital stock of railrond corpors, tions, in oxcens of the valuo of their tangibly property, {8 placed at $22,810,914, ngalngt 41,175 in 18745 and 564,611,070 in 7y, csa figures shiow the grosa'injustice of the firit nasessment, and indiente how nearly tliy Board hag heen driven toward an abandop, ment of the whole fraud, PROGRESS OF FREE TRADE. The Cobden Club, of Tondon, have pob. Jished n. collection of letters recojved by them this year from correspondents in lupd. ing countries deseribing tho progress magy under their observation by Free-Trads views, Herr Max Wintn, late Dircctor of Bureay of Statistics at Berno, Bwitzerland, considery it enconraging to Free-Traders that the Pryg. sian Minister of Finance, CaMrmAusey, (g, uied the Protectionists any further conces. siony in tho last Prussisn Landtag, In Teply to thelr appenls for ‘‘moro prolection,” ho snid: ' Legislation cannot take ay stepn backward out of regard possing misfortune.” These last worgy were in reference to tho wide.spreng depression among Cierman mannfactires, Herr Wintie thinks tho Austriau Cabiuet iy favor of freo trade, but hns to ndmit that thy new eustoms tarif presented by the Austre, Hungarion Government raises most of (g dutivs on imports, Hor voN Bussny, of Berlin, gives this very promining survey of tho spread of Free-Trado ideas in Germang 1am proud Lo asy that, with few axeaptions, pulity 0;40lon, a#_rapreacnted in tho press of thls conutry, in tio Economie Congress, in the mectings of (hy Itandelatag, and, more authoritatively stlll, in tyq German Parilsmant, and by our leading atatosnien, Lias been unsutmous in the right dircction, 1t wil e suflicient (o epttomize n remarkablo speech by Jfery Castvitavsen (Prusslan Financo Minister, Viea-Peayl, dentof the Prussion Cabluet, and a member of thy Qormian Bundosrath, or Btates’ Councll) on thin very question, Ve believe,” o nald, In answer o 5 protectionlst complaint, *that tho worat Iy over, and that better days nta coming. Wo bave ug, bounded faith n that policy, Ioading, as It doos, cir. cumepectly but sately to Freo Trade, And %0 trong g onr conviction of ita exccllonco that, if Germuy shionld rerolvo upon a chango fu ber rconomle poliey, thls change would esrtainly be preceded or nceom. tuuled by o change of Cabinet.” Loud cheers from il Lenches followed this dolaration, As for thy Chancellor of the German Empire, You arosware, gentleinen, that witl bim tho love of Freo Trade fs not an acquired taste, for the lauded gentry of Prusy srs caentially FreoTradors. This hereditary pra, ditection has, howyer, grown into & broad prineiyl inblsmind. 1t hia been olserved that fho sdvieers on ceonomis méssures whom Prince Bissanck bu drawn uround i person, bavo acquired that publiy eutimation which gave thom & clalm to the places they occuyy by yesrs of dleintorested advocscy of thow priaciples for which the Cobden Olub labors to obtaty universal sceptaneo,, The Vicomts o Fraaxmus, of Portogal thinks his' country is dimposed fo redue duties and enlargo the freedown of commerco, provided thero is reciprecity from other naticns, In Italy tho libernl views of Count Cavora hiave not in the last fiftcon years hold their own. So Jasrg MoNTGoMERY writes from Rome. Manufacturers hinve como out in Northern Italy with o demand for protea tion; Flcrence, the presont sant of Govern ment, is n hotbed of proteotionism, and th snnexntion of tho Venectinn Provinces in 1866 strengthened ‘the Protoctionists by g powerful accession of Venetian manufactur. cra and thcoretical protectionist politiciens These influences have induced the Govem. mont to nttempt to reinstate discriminat ing duties in tho commercial treaties It is now negotisting, Davio A. Wauiy, Wireiase Lroyp Garngsox, and Prof. Peney, of Wiltiams College, all think that Free-Trade idens aro gaining strength in the United Btates, though they deplore the lack of setun regults {n morve liberal legislation. Prof, PEBRY 6030 : Our educsted young men aro almost univermlly Freo-Traders; aud the prefudices of their elders ary mucl loea bitter than they formerly wero, The Cobden Club hiave the highest appros ciation of tho importance of the decision that is soon to be made in this country with re. gard to Freo Trade, and sap that they *can waoll afford to wait a little longer for the ad hesion of n people whose verdict, when pros nounced, will be decisive of the fato of Pro tection both In Furope and Americp.” The editor of the Staats-Zeilung hns re turned to his own Toutonis language in or. der to continua his sories of explanations as to the present politioal status of that pe culiar journal, consoling himself with the luminous suggestion that German is “*one of the ‘American vernaéulars,” This is somo thing mew, and we leave it for tho philolo. gists to discuss. It fs moro to the point' however, that the Staats-Zeitung sustains its chargo that the Republicans are responsible for the fraudulent adoption of the charter of 1872 by citing Messrs, Corvay and Remy &8 samples, Thia is olso- something now. We supposod théso gentlomen bad helonged for tho last two years to the so-called ‘¢ People’t Party,” which the Staats. Zeitung insists upon maintaining, and that thoy weroholding offics atits hands. Wa hod oven suspected theb Alr. CoLviN was to run for Mayor on thesame tioket on which 3r. Fesmva is to run for Counfy Tremsuror. But this now decls ration seoms to indicato that Mr Cotvin is to Do thrown overbosrd Tho announcement is somowhat start ling in view of the fect that Mr. Hrsid was the discoverer or jnventor of CoLviy M the proper person as n * People's” cand- date for Mayor of Chicago, Tlhough the7 havo since spatted a little, wo supposed tha their troubles lad all been mado up ov¢ foaming lager or something strouger, anl that Mr. CoLviN was to run sgain Land-it. hand with Mr. Hesina, The Staats-Zeitungd disposition of Mr, CoLviN, hnwever, scoms 2 indicate tho contrary. Wo object, howeve, to tho Staats-Zeltung's going go fur 83 b furnish o ocandidate for the Republicdnt. Aud when it gives out vague hinta that Trs Tormuxe knows there has heen much talk & making Corvin the Republicon candidate fir Mayor, ond that the Republicans have bon down on their kneos begging Ar. Reux o run for County ‘I'reasurer, the Staats-Zeitwg ia better informed than the editor of Ti® Tususe, and he Is indebted to his Teutond contemporary for tho news. New Haven, Conn,, clected & new Schol Board last Monday. Tho old Board erasd from its annual report one harmless sentend about the benefits of the publio-school 8y tem, aud did so on the motion of a Cathol? member, who objectod to the statement 85+ flecting upon tho parochial schools of 8 Church, Thers was a .ripple of popular e citement over this, and it ended in the ROz ination of @ * Protectant” snd & * Catholi® ticket for the three vacancies on the Boat. Thero was a very large voto for an electia of this sort, and the ballots cest for the P~ testant list ranged from 9,700 to 284 while the Catholio candidates got from 1,5 01,700, New Haven {s ® strongly Den- cratio city, which makes this rosult the ma@ remarksble, It s a gratifying fact thatd number of Catholios voted against the M2 who claimed to represent thair sect, aod WO were supposed 0 favor @ division of # for 4 - .