Chicago Daily Tribune Newspaper, October 1, 1875, Page 5

THE CHICAGO TRIBUNE TERMS OF THE TRIBUNE. BATRA OF BURSCRIFTION (TATARLE IN ADVANCE). at thls OMeo. 13.00 1.00 ny address FOUR WERKR f rorary anil Hollgiat eu “ 2.00 Te Weekly, poo-paid, T rear. G00 Partnof year at rame rat Werrxcy Epttion: Onoecopy par year. 1.50 Weekls—Club of fete... 5.00 Weokly—Club of twenty 20.00 tne Free Cony with vo bh af Tirentyy On al ciobs ihe subreriber must semte the postage which tn 18 conte a cony por yaar, Bpectmen copies went free, ‘To prevent delay and mistakes, bo miro and give Post-ONice eddronn in full, Including Stateand County, Kemittances may be nado etther by draft, expre Fost-Oflice order, of in regiatered letters, nt our risk, TERMS To CITY AUTECRIDENS, * Dalty, detivernd, Sunday excepted, 25 conte por week. Daily, delivered, Sunday inchided, BD cents per week, Adirers THK TRIBUNE COMPANY, Corner Maditon and Dearbo Chieago, Dl, pulisilasdasineree vay TO-DAY'S AMUSEMENTS, ACADEMY OF MUSIC—Ilalated street. between satin and Monroe, Engagement of W, T. Melville, * Bmoke,” HOOLEY'R THEATHE—Randolph atreet, between Chirk and LaSalic, Engugowent of the California Minatrols, WOOD'S MUSETM—Monroe sirect, between Deare born and State, ‘Caste? and “ Eaat Lynne." After« noon sud evening. ADELPHI THEATRE—Deathorn street, corner Monter, Engacenent of the McKee Rankin Troupe, “ Qhe Two Or)uans, MoVICKER'S THEATRE—Madizon street, between Dearborn aud Slate. Runniug « Corner,” CINCAGO THEATRE—Clark mireet, betwoen Ran- dolph und Luke, “The Two Orphans.” INTER-STATE EXPOSITION—Lake shore, foot of Adams atreat, “SOCIETY MEETINGS COVENANT S,0DGE, Regular communication 6 thia (Evid: o'elocs, at Corinthisn Wal, No. on the Third Degree. Tited, By order of tho W, Me 00 zieat, Work 7 Visiting brethren cordially: the WM. KERR, See, WASHINGTON CHAPTER, Jar convocation th slay) event on the af. 3, amt a. cordially invited. 1.0,0.T.—Tramp! Tramp! The Chicago Battel- ton of Patriareha will meet Scturday evening at tho sew drillshaliy roathenet corner Clar'c and Van Duren- ita, All Patriarchia aru requested to be present ab 8 ¥clock, sharp, 8..L, HURBT, oc, ORIENTAL LODGE, No. 3, A. F. and A, 3.—Statod sommunieation tala (Friday) evening at 7: o'clock, for bustrecs and work on the. ad Degras, iy order of tho isator. E, N. TUCKER, Seo'y. “BUSINESS NOTICES. A CHARM THAT BAFELES TIME.—NO WOMAN s¥er tooka ald, or oven elderiz, whtto her face reisins tho tear naanid ‘raptucrs of bar oariler yearn ad tas ry Sharm wilch she can never logy while che relies aton Yonth” ay n dofoces againat ho Aa- ats to of all dr; Che Chieagu Tribune. Friday Morning, Octobor 1, 1875. Mhated's Woo taal Tima. Cl Greenbacks at the New York Gold Ex- change yesterday opened and closod at S53, with transactions in tho meantime at 65}. A conversation yesterday with the busi- ness manager of the firm of A, T. Srewanr & Co,, of New York, pnts a quietns to tho rumor that the dry-goods king of tho Mo- tropolis ia about to establish a branch house in this city, ‘Che story was declared to bo falsa in every particalar, and $12.10 gellor the yonr, Meats were in fair reqnest and firmer, at 8{@87e for shoul- dors, 124@128c for short ribs, and 1@1e for short clears, Highwines were unchanged at S116 per gallon, Lake freights were act- ive at 11@20 for corn to Buffalo, Flour was in fair demand and steady. Wheat was moro active and lo higher, closing at $1.09 for Qctaber, and £1.08} for November. Corn was active and steadier, closing at 54%¢ cash, and 4820 for November, Onta wera active and excited, closing at 821 for October, and Stile for November, Ryo was active, closing at 72@724e. Barley wan active and irregu- lar, closing nt $1.02 for October and $1.01 for November. Hogs were active and steady, with the bulk of sles nt $8,10@8.40, Cattle wero dull and lower, Sheep were quict at nominally stendy prices. One hundred dollars in gold would buy $117.12} in greenbacks at the close, The announcement that Mr. Jann Reine has peremptorily vacated the aftice of Police- Superintendent, and will nevor again cross tho threshold at headquarters in that capacity, will be received witb quite general sntisfac- tion by the people of Chicago. Among the possible exceptions will bo that element of the community which, according to our local report, in preparing to leave town, anticipat- ing, it is snid, n lesser degree of leniency, not to say encouragement, from the now incnm- bent, whoever ho mny prove tebe, Assuming; however, that rumor rightly rates the prob- abilities os to the future Superintendent, wo can discover but a poor prospect that such an exodus of confidunce-men, bunko-stcerers, ete,, will be anything moro than temporary, if, indeed. there should be any such exodus, But we shall be glad to be proved mistakon in this estimate,—very glad of an opportuni- ty to acknowledge, in tho light of practical results, that the Mayor has nominated, and the Common Council confirmed, a Superin- tendont of Police whosp sympathies, sims, and acts are in behalf of the protoction of life and property and the restoration of law and order. CURRENCY AND “THE WANTS OF TRADE,’ Oue of tho striking points in the speech of Mr, Senunz at Cincinnati has been repeatedly presented in these columns, but its impor-, tanco in thé consideration of the currency question justifies its reproduction, Tho complaint of tho dilutionists is two- fold; First, that there has beens contraction of the currency; and, second, that the re- verses that overtook the country in 1873 were aresult of that contraction! It is claimed that the times are hard; that business is lan- guishing, Inbor uncmployed, industries de- want of trade or business is insulting to public intelligence. If ever thero wore areal want for more currency, the Freo Banking lnw offered the caniest and apeediest possible modo of obtaining it, and that, too, in the most unlimited quantities. It was, and is now, at the option of any porson or persons to inflate the curroncy to the extent of hundreds of millions of dollars, and this liberty no ono uses; on tho contrary, those who have the currency are actually rushing it back to the ‘Treasury at the rate of a miltion ‘of dollars a week—they having no use for it —no porsons willing to borrow it. But an explanation is furnished by the facta, It isnot more currency that is need- ed; the broken, bankrupt apeculators, no longer ablo to borrow money on bogus bonds full nccord with the sentiment of the Nation- al Republican party in the matter of honert monoy. Inn Republican Convention of to- day, vow that tho issne is squarely before the people, tho declaration would be more out- spoken and striking. But how is it with the Staate-Zeitung 18 n “Dbunko-ateerer”? Is it not endeavoring to mislead the Germans who do not read En- lish nowapapers by telling them that the Republican party of HMlinois is a currency- watering, inthation party, and by persuading tiem to vate with n class of peoplo who are notoriously in favor of enrrency dilution? ‘in the first place, it professes an allegiance to on “Opposition” party, which has no oxist- enco whatever, In tho next place, it is woll known that Mr, II[raryo got 0 enrrency resv- pressed, the poor growing poorer, tho coun- try full of distress, and that something must be done to furnish relief. ‘The relief they propose is to increaso the currency, to ro- place the void eaused by the ‘ contraction,” and to issue more money s0 ns to causo the same to be Lath plenty and cheap. "Phe allegation that there had been any con- traction in the eurrency before the collapse of 1873 has been disproved over and over again, ‘An oflciad statement shows that in Seprem- ber, 1873, when the crash took place, there were in greeubacks and bank notes and national currency in circulation nine millions more than in 1872, twenty-nine millions moro than in 1871, fifty-two millions more than in 1870, Hfty-cight millions more than in 1869, fifty-six millions more than 1868, and Cardinal MeCuosnex yesterday recaived in Rome, in accordance with a Papal bull to that effect, his highly euphonious title in the Church of Santa Marin Supra Minorviam, His folicity, together with his ecclesiastical dignities, may, therefore, bo considered com- piote, —_—— In the oolebrated Wanp will cnso at De- troit yesterday testimony was given by oue of the original Rochester “rappers,” Man- aanet Fox, who subsequently became tho wife of Dr. Kane, the Arctic explorer. Sho testified that twice the ald of the spirits was invoked by Capt. Warp through her interpo- sition, and that two wills, drawn up in this extrn-jndicial fashion, wore furnishod the millionaire, It is probable that when these shadowy documents are brought into court and cramined the finger-marks of some ma- terialized echemer will be discovered. Judge Fanwet, of the Criminal Const, after consultation with tho other Judges of this county, has decided that Justices of the “Peace hnve jurisdiction to sentence persons convicted before them of vagrancy to terms of alx months’ imprisonment, Now that this point is sottled, let the Justices exercise thoir authority upon the able-bedied scoundrels who won't work, and who flock into the city to get n living by shorthand practices, There are thousands of theso fellows who, if hon- est, conld find good homes and wages on tho farms all over the Northwest, who prefer living dishoncstly in tho city, Let them havo aix months’ labor in tho Rridewell, Tho Jeffersonians, having unwiscly agreed to a conferenco with the Cosmops and Unions on tho subject of the best mothod of choos. ing delegates to the Opposition County Con. vention, have found themsclvea ont-votod, out-shouted, and gonerally out-maneuvered, They might have expected this re. wilt whon they consented to cooper. ato with the Short-Haini to tho extent oven of discussing preliminaries, Tho Jeffs organ. ived ostensibly for the purification of local politics, and their first attompt fa anything but encouraging. ‘Tho stufing of ballot. boxes has become go habitual with the ‘Op. position” that they insist upon having pri. oaries in order to indulge in their favorito Juzury, a8 woll as to keep their hands in for the November election. Onr correspondent with the Black Hills Council at Red Cloud Agenoy, in a lotter pub- lished this morning, furnishos a graphic and Intensely interesting account of the critical tpinode of laut Friday, when the Commission andthe troops in attondance narrowly escaped + general aud complete massacre by the wild and bloodthiraty Sioux of the northern coun- try. It is now perfectly evident that a plan had been formed for the slaughther of tho sivilians and soldiers, and that nothing but the prompt and intrepid action of Youna- Slan-ArRaw-or-Hu-Horszs and bis band pro- vented this terrible termination of the Black Hills negotiations. Evon os it was, the div. charge, secidental or otherwle, of 9 sly.gle piece among the hundreds of rifles and cay Lines ready-cockod would probably ho;9 pre. cipituted au attack, Youno-AMan, ote, showed himself the hero of the ovcasion,~-one of the very few members of the Sioux Nation who deserve anything better thar; abwolute ex. termination by ball aud bay :et. ee The Chicago p:oducu markete wore goner- ally stronger yesterday. lous pork was act- Ive, and 700@§1.00 por bri higher, closing ot $47,056 for Ortober, and $14.60 seller the yoor, Lard was in uuttor demand aud 100 per 100 the higher, losing at $10.03 cua, ix miliions moro than in 1807, The years included in this period havo Leen con- sidered years of universal prosperity. ‘This disposes of tho question of fact whether there had been contraction or not, After the panic had struck, there was an increased isauo of $26,000,000 in the green- bneks, thereby adding that much to the pre. existing excess of currency overformor years, ‘Tho clamor, however, was for more. It was contended that the National Dooks were un- evenly distributed; that the Eastern States had moro money than the Western and Southern States, and there was a lond de. mand for more banks in those localities, Congresa then repented all restrictions upon the number of National Hanks and the amount of their circulation, and only re- quired them to keep s small reserve on hand, thus giving the utmost liberty “to make and keep the volume of the currency equal to the wants of trade.” Under this law thoro is lib. erty given to any man, or combination of men, to organize a bank pnd issuo ourrency, ‘Tho privilege is confined to no section, and the amount tobe issued is unlimited. A hundred banks, each with a million of cirou- Intion, may be started, whorever and whon- over any persons having the manus choose to doso, Hero wasan admirable opportunity for tho “ wants of trade” to call forth more currency, especially as itis represented that tho Government " pays” the National Banks no large bonus annually for issuing their notes, Here was tho occasion where a people ' auf. fering for the want of money" might go on and make it to an unlimited amount, but the “ business wants” of the people did not de- aire it, ‘fhe banks already in existenco had more greenbacks and bank notes than they could lend. Ihe offer of moro currancy was, as Mr, Sovnz aptly said, a proposal to tro-at wn over-loaded stomach liko o caso of star va. tion, So greatly was the volumo of currency in cxcoss of the ‘* wants of trade” thr be- tween June 20, 1874, ond September, 1875, the banks volunturily surrendored §/28,920,- 000 of their circulation. Since tha dato of the Freo Banking law, there havo ‘neon a fer, now banks organized, with a ciroulution of 82,875,050, and additional circaiation isst.ed to old banks amounting to $0,961,075, ak. ing $9,886,145 in all, Tho way tho “ wants of trade" have avuilod thamsolves of th op- portunity to expand the ourrency may bis thus comparatively stated; Urauch cireulath Now circulation laaued ner Net elreulation aurrendepud, se, .,ceee 0+$18,000,098 Of the whole amonnt survondored” $13,- 248,000 were surrendored by the Weatern States and §5,1%3,000 by Southern States, while of tho new circulation the Weat has taken only $301,000 and the South but $100,000. Tho Western States have in round figuros yoluntarily surrenderod $19,000,000 of cur soncy as useless, becauso in excesa of the “ wants of trade.” Hero {s tho best and ‘oat direvt answer to tho allogution that tho Woat is suffering from any scarcity of money, The West has had such a plethoza of our reney that eyon the banks which ore sup posed to be paid largoly in gold for tsyuing paper-money havo retired $13,000,000, which was found to be an unprofitable surpluy, not having a market, Nor bas this voluntary surrender of currency atopped, It continues from dey to doy in the proportion of threo dollars surrendered to the one dollar applied for by now banks, The ‘wants of tradv,” to supply which more currency is demandud, have been unloading and continue te unload the surplus for which the business of tho country haa no use, 7-Ta the face of this palpable fact, the de- mond Jor “mora -aurrvacy"” $0 supply aby aud diluted stocks, want tho currency 0 re+ duced in value that it will be exchanged by those who hold it for anything; and this rotten, worthless currency they want thot they mny swindle thoir creditors hy paying them nt tho rate of a fow conta on the dollar. It is not moro currency that these mon want, because thero is a surplus of that ; what thoy want is adegraded currency, & currency worth a fow cents on the dollar, with which to pay off the debts of their bankrupt corporations and swindling organizations, lution introduced into the ‘ Opposition ” Con- vention of Inst year by a coup d’ etar, which way opposed to tho majority sontiment of that combination, and was only pushed throngh by Mr, Hrssvo’s peculiar tactics, Finally tho Staats-Zeitung, in asking tho Germans to voto agninst tho Iepublican party, ask them to vote against the only party constant- ly and uniformly in favor of honest money and specie resumption, aud to vote with the Domoceratic party (the only oypnsition to the Republicans), which at heart is in favor of currency dilution, which leads to repudintion, It is ontiroly within bounda to say that, asido from tho German Repubtivazas, threo out of overy four men, perhaps nine out of ton, who voted with the ‘People's Party" in Chicago, aro in favor of currency dilution, and most of them repudintion. In trying to porsuade the Germaus of Chicago that they can vote and act with these ragiten again, and nt the anme timo vote for honest money, is not the Staats-Zeitung acting the part of a “ bunko- stecror"? TRE DILUTIONIATS, In calling the advocates of on unlimited shinplaster eurroncy ** inflationists "and ‘ ex- pausionists,” their real character is not 50 well indicated as if they wero called ‘*dilu- tionists,” Expansion, as Wensren defines it, is the act of sprending out, or oulargement. Inflation is the act of distending, But tha advocates of unlimited irredeemable issues want something more than tho distention or enlargemont of tho volume of the currency. It is not simply roore money that they de- mand, but also “cheap” money, That is, they want tho quality of the currency affected fs well as the quantity, This is ‘ dilution,” which Wensten defines as tho nct of dilut- ing, or tho stato of boing diluted, thinned, or wonkened.” Now this is what the ropudin- tionists want to do with the currency, they want it tcatered, tinned, tecak- encd. An additional issue of currency would not serve their purpose unless it should depreciate the paper money in value, There is now 9 vast nmount of idle curroney lying in the banks for want of borrowers on reasonable security, but it costs about 85 conts in the dollar in oxchange forcommodities to get it. It would do the speculators no good to have 3500,000,000 nore greenbacks iniued to lie in the banks or hands of capitalists if it stould be worth 85 cents in the dollar, They could not get hold of the new isste nt this rate ony more easily than they can lay their Lands on tho present currency. Therefore they desire not only that the insue shall be increased in quantity, but that the currency itself shall bo weakened in purchasing power, ‘There ia no pretense that thore is any lack of quantity of currency now and banking facilities to transact tho business of the country. The overstocked vaults of the bonks mean, if anything, that there is more currency than is needed for the transaction of tho business. ‘Lhe trouble is, that the quality is too good, nt even 85 cents gold value to the dollar, to rush out into all sorts of wild, hazardous, and speculative PROPOSED BOLUTION OF THE RAILROAD PROBLY! Tho speech of Crantes Fnaxcts ApAMs, Jr., at Oshkosh yesterday, 18 given in full to- day. We hopo his nudiemco heard with at- tention, and wo trast our readers will rend the wholo oration. It is a calm discussion of facts, with no vituperative twaddle thrown in. Tho farmers of Wisoonsin aro asked to consider the fact that the railrond systom has mado farms in Wiscov.sin possible, and to judge tho defects in the. system and the rem- edies for them impartially, ‘The speaker, in his brilliant sketch of the growth of the sys- tem, missed one hapyy point. Railway loco- motion was inaugurated, not on the date ho gives, Oot. 6, 282f, but just half o contury ago this week, Soy.t, 27, 1825. Not Rainhill, but Darlington, saw tho first locomotive driven by Geroanor Sreprenson's 'prentico hand, ‘Tho root of tho railroad troublo in tho West is where Mr. Anas finds it, in tho nation- al characteris tic of going ahead too fast. Too many railrof.ds, a consequent incapacity for fair profits, —this, inn nutshell, is tho case. How is th’ trouble to be remedied, the prob- lom solved? Aud hore wo get tho gist of tho ora‘ion. It treats the railrond ag an anomaly, not to bo classified with other econo nic facts. Government ownership is not t’1o remedy. Rigid force Jaws are not the ‘golution. What is needed isa calm ond edr cated public opinion, which will vary in ae zordance with varying facts in each partic- schemes, If it was worth 10 cents} ” lar caso, This opinion must be mado ef- on the dollar inatend of 85, with ‘fective in somo way. Massachusetts, by a prospect of o furthor aocting, then ', happy legislative accident, has bit upon that way. It has x Board of Railroad Com- missioners, with simply a supervisory powor, This Board investigates every complaint made to it, without cost to the complainant. It makes suggestions to the railrond authori- ties, and reports to tho Legislature theso sug- gestions aud any action taken upon them. It ig a lena which concentrates public opinion npon railrond officials, nud 80 makes tho pub- lic conviction burn into official minds. We may quoto two anmples of its tasks, Tt bo- camo convinced that certain bridges were un- safe, and notified the Presidont of the road owning and using them. Tho notice was pigeon-holed, Thon tho Directors recoived a notice that publio attention would be cailed to the matter unless it was remedied. Every bridge on tho rood was prompt. ly ropnired. In order to havo tho successful workingmon’s trains, so often do- soribed in Tax Tniponz, run betwoon Boston and Lynn, tho Board asked tho Directors of the Esstern Railway to put themon. The roquest was flatly refused, Tho public was therefore appealed to, and the trains woro soon on tho track, Tho Directors could not stand concentrated public opinion, however little effect homeopathic doses of it would have had upon thoir conduct. ‘Lhe Board is now engaged in an attempt to secure uni- formity, exactness, and absolute publicity of all railway accounts, With this, Mr, Anaus bolioves the solution of the problem will bo roached in Massachnactta, Tho needs of tho day in every State aro thus summed up: Twaut to soo publicity as regarde railroad corpora tlong seonred beyond question while it tact mo; ali tho rest may then, if need be, rest and sleop for a goneration far aught caro, Twat ulso toreea mae chine porfected through which pubilo opinion can make itnelf folt—easlly, quickly, cheaply, I want 40 ace the systems wo perfected that any Inboring man having good cause for complaint against any, even tho wealthiewt corporation, may, by dropping a postal-card into a box, do what all the complex machinery of your courts will not enablo him to do now,—socure an intel- Ugent prewontstion of hiv case, I want now to seo in oyery Htate, and in the Government of the United Btates, trained officers whose duty it shall be to exams {ne und supervise the acoounta of the railroad come panies sons tofnwure fn fem uniformity, exactness, aust publiolty, to. the end that we may Do longer gropo our devious way to ruta through the whameful mys- torles of railroad financlering, Above all, and moat of al), I want ut laat to goo the duties, tho Mabiiitics, and, though laat not least, the rights of the rallraad corpo- rations dlacussed, oxplatned, and enforced by public agente, who, knowing that whercof thoy epesk, will not call nantes, and will ace justice done, everybody would bo shoving it of on his neighbor, preferring to put it into any - unsalable trnck or vonturesomo speculatic n rather than retnin it. Phis is what the sb’ .n. plaster ditutionists desire. They should be known a8 “Dilutionists.” Tho wort, is sufficiently comprehensive to amlbody their principlos ond explain their purposes. Why not call them by their right namo? POLITICAL ‘‘ BUNKO-ST°SERDD G," Since the Stuals-Zeitung ‘has it troduced the slang of the gamblors anci thiey ox into its political controversies, wo have mg do diligent inquiries among the members of tho “ Peo- ple's Party” in regard to the menning of the word ‘bunko-steerer.” We lave found them all well posted and substan tinlly agrood as to its significance, A “ bunko-steerer” seems to be a suborslinnte confldenco-man who walks the street of a large city, pouncos upon innocent cov.ntrymen, and, under tho pretense of aperso'nal acquaintance, conducts them into a back room of some large bnild- ing whero tlaoy aro “ confidonced” of what money they mey have about them. Applied politically, a “bunko-stecrer” is one who designedly ond for selfish purposes misloads confiding persons into yoting for somothing they do ‘not really indorse. In this sonno of the word, it ocours to us that the Stautes- Zeitung ian gocd doal more of a “ bunko- steerer " than ‘Caz Tamunx, to which it has applied the name, Tho Staau..Zeitung’s allegation ns to the status of tha Republican party of Llinots is lnased upon the platform adopted by the Re- publican State Convention of one year ago. We recour.ted yesterday how Mr, Pansren, of the Inter-Oen, thinking he could capture the Republican Convention in favor of dilu- tion oa Mr, Hesrve had enptured the Oppo- sition” Convention in opposition to thoir real sentiments, went dows to Springfield with dilution resolutions, We also rolated how Mr, Paustnn, tho Juter-Ocean, and tho di- lution resolutions wore thrown overboard, and another gerles adopted. ‘Thoro wero three currency resolutions, one of which in- dorsed tho Limitation of $382,000,000 of greenbacks (which is under tho Congression- ‘al limitation), und anothor of which favorod freo banking, which has since thon been enacted. ‘Tho third, which was tho ourronoy resolution proper, road originally : ‘That wo reaffirm the declaration of the National Toypublican Convention of 1873 in favor of a return to apeclo payment at the earlioat practicable dey; that wo ete opposed to any incrcase in tho ainount of legal tendor notes, aud favor the gradual retirement of the same as the volume of tho National Bank notes shall be increaved, ‘This foreshadowed tho plan of resumption subsequontly adopted by tho Republican majority of Congress at the succeeding sea- sion, fixing a doy for rosumption four years thereafter, providing froe banking, and ro- quiring a gradual retirement of greenbacks in proportion to the increase of the National Bauk notes, Afterwards the latter half of It is announced that a number of “ promi. nent buaincss mon” of Blogmington, Ill, bo- longing to all political parties, have called a wooting in that city, for this ovening, for the purpose of petitioning Congress to ropeal the SienaaN Resumption act, This looks very much like a political dodge. The Republic- ans of McLean County have had toencounter an insidious form of opposition for soveral years, The Democratio party haa euppreased itself, and hag struggled ta get possession of the county by organizing under the titles of ‘' Anti-Monopoly,” “Farmers,” » the resolution was stricken out, leaving it cast an Bena. tes fiat simply an indorsement of tho national plat- a bi Pielaned in ft ee * form, ‘Tho bettor to undorstand the foros | & ied 5 eee Pe per money. The Republicans of McLean are not likely to be diverted from tho work they havo undertaken, which is to elect Nopublican tickct, and to do so by a large majority. This potition ia rather promaturo, The prosent Congress passed tho act, which does not take effuct for nearly three and a shalf yoars, In 1876, the policy involved in that act will be tho loading fssuo in the Prosi- dential election. No action can or will be takon on that law until the people have do. elded one way or the other. In tho mean- time, the law has had no effect so far. There has been no contraction of the of the above resolution, we roproduce the resolution of the National Republican Con- vention of 1872, which the State Convention approved: ‘We denounce repudisiion of the public debt in any foria of diegulse a8 a national crime, We wituess with pride the reduction of the principal of the debt, ond of the rates of interest upou the balance, snd cou Adenily expect that our excellent natioual currency will be perfected by @ epsedy resumption of wvecle payments, We think that this ia a complete answer to the charge that Tam Tursuna is aoting the part of bunko-steorer,” whon it represonts that the Hepublican patty of Hliuuly is in ‘RIDAY, OCTONER 1, 1875 curroncy, ‘Tho procnbnckwhave not ndvanced | more than willing that thofr half-way man myalue, ‘They nro worth less now than they wero xix montha or a yoar ago, Two years nyo they roso in value to 4 cents, within a fraction of boing equivalent to silyes coin; thoy aro now worth low thon 80 conte. So tho progress towards specio paymonts ir not so alarming as to demand tho repeal of the law. ‘Tho absnrdity of petitioning for the repent of tho Inw at this timo is so glaring that wo rather Chink tho wholo movoment is intended moro for effect in electing the Oppo- sition candidate for County Troasurer in Mo- Lean County than anything elso. ee THE MASSACHUSETTS REPUBLICANS. Tho two gront parties in Massachnsotta havo now mato thoir tickata and platforms, and are prepared to commence hostilitiea in earnest. Tho Democrats have renominated Gov, Gaston, and, as they Lad no other ma. terial to draw from, patehed out the romain- dor of their ticket with Republicans, ‘The Republicans have placed at the hend of their tleket the Hon, Avexanpen H, Ricz, a manof irroproncbable porxonal character, and with an unspotted political record, and if theo two «nalilientions aro of any account ina campaign, he ought to be clected. Among Republicans outside of tho Stato of Massn- chusetta thore will boavery goneral fooling of rogrot that the third man, tho Iion. Cnan.es Francis Apaats, was not nominated, Why ho ‘was not nominated is apparent from the fnot that both he and Mr, Rion developed more strength than was conceded to them by tho Lonrya men, ‘Tho latter wore incensed ot the delegates from Western Massachusetts who voted for Apams, and, not daring to take afourth ballot which would cortainly leave Tontwxa distanced and perhaps nomi- nate Apaus, they gave their votes for Ricz, and nominated him in order to hurt Apars, Wo believe that tho nomination of Mr. Apasa would have oxercisod most healthful influenco upon Republicanism in Massachusetts, ond perhaps that inluonce would have reached beyond Stato bounds, Wo boeliova that he should have beon made Governor, because he doos not seek to he Governor. Men of un- spotted porsonal and political charactor who do not want offtce aro just the men who should be placed in office, ‘Tho officos necd the purification which this class of mon would give them. Sinco it was not on the political slate, however, as now, appears, that Mr. Apasta could be nominated, the Massachu- setts Republicans did tho noxt best thing in aquelching Lontwo, who has become pestifer- ous asa candidate for ollico, and is tainted with Domocracy and Batlorism, and nomi- nating Mr. Rice. As wo havo said before, Mr, Rice is a man of irreproachable personal character aud unspotted political record. Ho will have great atrength in Boston and tho eastern part of tho State, He represented in a poculiar degree tho respectability of the Re- publican party, and is nt the vory antipodes of Butlorism. He has twico been Mayor of Bos- ton, and he served to tho entire antisfaction of his constitucnts in four Congreases, being most of the time Chairman of tho Committee on Naval Affairs. The only charge which will bo brought against him is the somo that would have been brought against Mr. Anaats, namely, “ coldness” and ‘ aristocracy.” He has the misfortune to live on Bencon strect, and, although Bencon stroct is no longer aris- toeratic, the fragrance of the days whon it was blue-blooded still clings to its Tho contest betwoen Messrs. Roz and Gaatox will bo one of more than ordinary interest. Both are Boston mon, both good men, and both men of clean records, fr. Tog has tho sdvantage of being the young- or and moro active and positive msn of tho two, Mr, Gaston isa vory old mon,—70 or fnore,—oud very conservative, aud is no moro popular personally than Mr, Itroz. In their personal relations to tho canvass, the two candidates aro very ovenly matchod. The Republicans, however, will go into tho campaign in much better shape than they did Inst fnll. In tho first place, they have the best platform which has yet beon made ina Republican Convention. It declares for personal purity of candidates, reform in tho Civil Servico, mutnal develop. mont of labor and capital, economy in now tional expenditure, general amnesty, re- moyal of political disabilities, and sound money, and against tho third-term business, Upon all those points it is clear and unmis- takablo, and will commend itsolf to all think. ing men. This will not bo the only advan- tage the Republicans will have. They will go into the campaign froed from two incum- brances which weighed them down last fall, and wero the principal influences that led to their dofeat, Butlorism and Prohibition. Lonria was in the training of Boruer, and the defeat of Lomina ia the dofent of Burien, which is still further ompha- nized by the vory first resolution of the platform, which doclaros ‘that the Ropub- lican party of Massachusotts will support no man for official position whoso personal character is not an absolute guarantee of fdolity to every publio trust, and thoy in- yoke the condemnation of tho ballot-box ‘upon any candidate for office who fails of this test, whatover may bo his party namo or indorsements." ‘Tho folly of prohibition which defeated Tanzor last year will haya no place in the campaign this year, It hos boon tested so Katisfactorily that Taunor did not even havo the temority to present him- self 3 a candidate this foll. With these ed. vantnges in their favor, it fg already safo to prodict that Gasron will not walls over the courgo in Novomber noxt. Evon with tho help of tho Republican namos on his tickot and the indiroct aid of Ben Burien, who will geck to avengo himself, the strugglo will be 8 clogoly-contosted one, Tho Ponnsylvania Democrats are unhappy, moro particularly tho rng-money men, ‘They do not like their candidate, Judge Pznsmna, foriwo reasons, ‘Tho firat is becauso ho will not resign his sont on tho Bench and thereby havo time enough to take an active part in the canvass, Tho second is his letter of ac- coptunce, They constructed their rng-moncy platform at Erie with a grent deal of care and consistency, and even emulated Ohio in this reapect, and when they took Judge Pgramixa they thought hoe was going to atand erect on the platform like Fog-Horn Auten, but instead of that he fs straddling it, and turna out to bo neither one thing nor the other, The mun and the platform mutually stultify each other, In theso doya, whon positive mon ato wanted, when the our- renoy issue is clonrly and abarply defined, and ovory candidate should cithor be in favor of sound smoney or rag money, they find themvelves with a candidate on hand who {a in favor of neither. ‘This is pocullarly hatd, winca tho road to success docs not lie dotween theso issues, and, as the Ponnsyl. vania rag-mmoney men have sense onough to seo that unloss Auzen carries Ohio by an overwholuing mojority they have no hope of success with this half-way mau, they are filled with the offenders. shalt gracefully retire nnd let somo other person who has positive viows on the our- roucy question do the running. a Tho continunnce which has beon granted in the prosecution of the Whisky Ring frauds at St, Louis is in tho nature of 1 great public ealamity, whntover may have been tho roa sons of tho Court, It will bo a disappoint ment to the public at largo aswell os to the people of St. Louis. ‘The plan of the Whisky ting is to carry tho litigation over into tho Presidential eninpaign, aud s0 complicate it with polities as to influence tho politicians on both sides. Ibis ndosperate fight for tine, and if they ean gain tine mfficient they then lropo to usa their power so as to defy tho proseention by electing persons who will con- done the offense or agroo to a nolle prorequi, so that tho present action is almost tante- mount ton defent of justice. In this caso, as in many other cases which will bo fresh in the memory of tho public, just’as the Stoto ia rendy to atrike, tho courts relinquish their grasp and on avenue of excapo opens itscolf. If, in this instance, the Whisky Ring escapes, there if very poor prospect for punishing thoir succcasors, and equally poor inducement to make n vigorous prosecution of futuro violators of tho rovo- nuo laws, If these prosoautions had beon instituted in England, Franee, or Germany, the penitentiaries would long ago have been Tho oporations of justice in this country are, to say tho least, very discouragin, Tho address delivered by Prosident Gnant on Wednesday, at the annunl reunion of tho Socloty of tho Army of the Tonncsseo, is o noteworthy ono; first, in that it was care- fully prepared and written out, and was tho longest speech he has evor mado; snd, seo- ond, for ita subject mattor. Tho basis of tho address was tho fact that ‘if wo aro to have another contest in the noar futuro of our na- tional existence, I predict that tho dividing line will not be Mason and Drxon’s, but be- tweon patriotiam and intelligence on tho ono sido, and snporatition, ambition, and igno- ranco on the other." Upon this basis ho ad- vised the fostoring of education and tho pro- motion of genoral intelligonce, the encour- agement of froo thought, free spacch, free press, and unfettered religious sentiment, and sternly opposed tho appropriation of public money to the support of rectarian achoola. In this direction the President has struck the very key-note of futuro politics, and has givon to the American poople his opinions in a clear, forcible, and sensible manner, which they will do well to heed and considor, quality of Chicego No, 2 spring wheat is fully up to the standard of provious years, not- withstanding that an impression to the con- trary is sought to be mado by certain in- terested parties. Yesterday’a mail brought a letter from Davi Dows & Co., the well- known grain-morchants of New York, to Lyon, Lester & Co., of this city, which con- tains the following passage, except tho words in parenthesos, those being understood gin writing and reading the letter, though not expressed: ‘No, 2 Chicago, now, is good wheat, and so far sella about samo aa Mil- wouleo. If you keep tho grade np ns wa seo it now, there will not bo the difference bo- tweon (pricestof) Chicngo and Mitwaukeo Gwheat) that there hos been.” ‘The annonncement that the Emperor of Gormany is to visit Italy next month, accorn- paniod by Brswanox, tho chief of Ger- man diplomacy, nnd Von Mourne, the chicf of tho Gorman army, is indicative of sorme- | thing more than a pleasuro-visit, Emperor Writ hos evidently something in his mind besides the purchasa of bad copies of the Old Blasters. Ho has not decidod to take Bissanox and Von Motrxe along merely as art connoisseurs. It is ovidontly his purposo to givo the Italian Government somo practical encouragement in its resistance to Ultramon- tanism, and to court friendly rolationsin viow of any new complications with France, Tha Emporor of Germany evidently has an oye to business. Acable dispatch intimates that the Ultra. montano party in Bavaria have elected tho Prosident, Vice Prosident, and two other officers of the Diet by a majority of two. Tho closonoas of the voto and the bitterness of feeling batweon tho Bavarian, Ultramon. tanes and Liborala do not bodo much peacoin that country, whero tho oppressive policy of the Berlin Govornment has boon exorcised with peculiar soverity heretofore in religious mattors, Mr. 0. H. Has, the Isto Appraiser, devotes nestly acolumn of tho Jnler-Ocean, of mingled sorrow and bitterness, to tho fact thot ‘nx Tarpexe haa not published his three-colamn ‘open lotter” to the Secrotary of tho Troasary, and alao to a paragraph from tho night-editor of thia paper giving some rossons why it was not inserted,—the ohief boing wantof space, Mr. Hat takes tho matter altogether too sorlously. Tho picture is not balf so black ag ho pninte ic. Tho chiof reason why Toe Taimoxg did not print hia lettor was becuuso, Like hid tariff artl- clea, it was too long. The principal grief, how- over, which ails Mr, Hast, 19 hia supposition that ‘Tux Tnipune bas road him out of the Ropub- lican party, Obl no, Mr, Tax! Wo havo trained togother a long timo, aud wo hope to baye Afr, Ham's company still longer; bat wo waot him to be s bettor Republican, and conve writing those Jong and awful tariff articioa and absurd ourrenoy-dilution editeriais. We want him to havo soundor viows on the tat if and currency, Thoso dreadful artictos lod to the loss of bia povltion ag Appraiser, the Bocretary wisely deciding that uo man could have time to write such long and dull articles and af the same time attend ¢o bia officlel duties, Now that Mr, Ham hss plonty of time on his hands, he can give hie whole attention to the reform of tho Jnter-Ocean, take it out of tho domination of the whisky rings, the high-tariff robbers, and the rag-monoy Inflationists, aod conform it to true Hopublican principles, Let ‘Mr, Haw therefore waste no further timo ia mourning the lous of alittle tapoony ofllce, or in entertaining unjuat and unkind auepicions agsinst Tun Tasunx. Let him coaso those long articles aud make ble Republicanlam better, and ell the world mill appear bright and radiant to hin, The Zoological Garden of Cincinnat! fs ore- ating oopviderable consern in that city. First, bear came to hie doath from aome foul play, in whitch « Park Commisaloner waa nyolved, Seo ond, & Honess had a fight with o jackass, in which the formor was kicked to death, the latter dylog aome timo after, Third, agriazly bear, ia a fit of playfuluevs, tore ® man’s arm off the otbor day. The latest davalopment was the escape of w leopard, who, being of an aristocratic nar tare, took to the boautiful groves of Clifton, whero he kops the people in continus! apprehen- sion that he might knook the apocs out of them, until two mighty huntera succeeded In kpocking the apots out of nim, The Zoological Gerdou in point of fact is getting to be a greater annoy- soos than old Bitz Attsx bimself, and the two saken together oousiitute @ fearful infliction npon tho Onto people, Betwean tio roaring of old Fog-Horn and thn ravages of 8.0 Lido, ne wonder Cincinnati ia agitated. ‘Tho Bhoriff of Munkogon Coun'y, Mich,, ad vortinod for information that will |r tat) ront of a man and ctrl, dosoribed a fallow, L, G, Bunks, tho captor, t4 an ws: about 40 yorrs ald, about Ofeot 1 inet his, abont 140 the. Ueht wallow complex vi woolly hair, indicating negra blood tn hi Clima to bos Cansdian, Banat Jax: girl, wos 12 years old in March javt, osen very blnck, faco rather lung, pea caiwed by atoll on one temple, OF minal pits on siden aut end, The girl, 18 clnimod, waa ntelon from the homo of her father in Lakoton Tawa-biy:, Mus kogon County. Vorsons having knowledge gf tho wherosbouts of oithor of tho porns do seribed above may communica 0 Wirtiast L. Ryan, Sheriff of Muesegoti Muskegon, Mich,, who offors $.00 raward for tho apprebenslon of tho thief anc tho retuin of tho girl, heey im sein, 4M oe a ‘Tho Now York World of teat rao braxthes fervont wish that Cincinnatl’s fa uous javiiecy, which kicked a stray Moness to death, 21 com. ploted its careor by doing tho 1amo thing to Wasu McLean and the Cineln inte Jy The Isttor thoreupon mildly arys that “day 'Trupen” ina “vorvilo, snesking, selfish tool” of various bad classen of porsona ; that ho jy bound to “rule or ruin”; aad that ho will my succeed in ruluing bimaalf, Vhat deleleta Larmony this fs, and how macht. itnproves the obancos of Democratio success ia 1 Pans Speen ‘Tho English Houso of Comm ns t34 ontah. linbod the yory remarkable preceJout that whea one mombor makes on accusation nyainet av, other, it is within the power of the Jiowss todo. eido, without other evidence than tho decial of the momber accused, that tho chargo Is faleo, ‘What s convoniont rulo this would bo in our own Congross, and how mach troublonorio in. ‘yoatigation it would obviate! PERSONAL. The Hon. J. 1. Caso, of Racine, ia at the Tro mont. Tho Hon, Albort N, Mille, Galveston, sojourn at tho Shorman, Tho Hon. Danfol Macaully, of Indianspolie, is at the Shorman, Gon, G. A. Fiugado, of Now York, ocenples roome at the Sherman. Gen. J. R, Fayorwoather, of Burlington, Ia, is stopping at the Tromont. Tho Hon, J. J. Hagorman, of Slilwaukes, ty registered at the Tromont Houro, Dr, Dio Lowia is in California, whoro ho wil romain about a year—thank fort ane t The Roy. Justin D. Fulton, whono sfliction in Brooklyn havo recently made him froshty no torious, fs known in Boston as " Glo-aud Milk” Fulton. G.'T. Lanigan, formerly woll known in Chicago, now of tho New York World, bis on ariicleia this weok’s Independent entitied “ L'Affara Guibord.” Prosident Grant may dovelop into n posh maker yot, though ho has but a year anda lilt loft. His effort at Doa Moimos ways good be ginning. It jesaid that Mr. G. A. Townsend is now writing a play on ‘* Journaiiam.” Tho Philadab phia Press has an ironical and very uukiud ale aion to the work, Williama College opens with n Froshman clt of forty-four. ‘Tho college buildings aud grounds avo beon much improved through tho liburalliy of Oyrna W. Fiold. ‘Tho roport thot Goorgo Eilot is writing s new novol is confirmed, but tho ochor roport thats will illustrate American life ia doniod, aa overy> body supposed it would bo. Mesars. Charles MoKiniey, of Dubuque, 1» W. M. Cox, of Rock Istand, Director of th well-known “Dino Lino” Froight Company woro at the Tromont yesterday. Tho Now York Tribune apologizes for ‘tts blundoring reporter” who invanted the story about Moody aud Sankoy’s arcangomonts for & roligious campaign in New Yors. It scemae 6 mora! impossibility, but the ners papor gossips esy thoro is a rian in England namod Avict Agabeg, and that ho is going marry Edith Wynno, to actress. James T. Fields, who dolivers tho first tv loctures of tho Star Course, BMcnday aud Tate day noxt, will bo the guest of hia friond Rovest Collyer, during bia stay in the city. The Roy. B. O. Dancan, of Nqw Orleans, sia the aity, and visiting at tho rosidenco of T. Bakor, Jr., 81 Forrest avenge. Bu will oficiateat the Whitehouse Memorial Church, Sunday, In noticing the ramoval of Prof. Joba i. Howitt to tho Faculty of tho Lake Forest Use yoraity, tho Detroit Tridune sayy: "Oliva Cok loge can {Il afford to lose ao superior a szbolit from her corps of instruction,” AJopanoso girl in school at Goorectown, Dd, ©., writes homo: “ In a faw thingy se Inpanea® ought to change. In the maut:facturo of ave things ae scissors the Americane cxcot na.” Sts has mastorod the problema of elvilization a roaly, Miag Edmonta Lewia, the colored seulptrcee, {t {n.8t, Paul. Slo wilisoon have ou oxls:vitioa aud offer for ssle there six or efzht piccos of hor statuary. Citizens of good taste an! good fortune are invited by the local prints tu step uP and purohase. Bangs, the hero of tho fast portal mail-irain isa Colonal,” after all, the reports of cnsiowt newspaper writors to the contrary notivithatsale ing. Bangs sorved in tho militia on Gov. Yslot stad, and to this day he can shouliter a atick aod show how fickia are won, But bs can roe postal-car batter, Charles Foster, the ablo and upright mombt of Congrous from Ohio, bas consocted to become Prosident of the new Construction Company ft building the Altautio & Lake J'ro Mallrosl, Tho world will oxpect him to demonatrate thst an Lonest construction company 18 vot a mor impossibility. Ono ulde of George L. Fox's faco has becomt paralyzed. It haa beon I'ox's custom to piaatet his face nightly with paste of fiue Frouch clslt bismuth, and cold cream. His phyviclaa warned luim against tho bismuth, but Fos did not bo Hove that he could be hurt by it, Ho wae undet engagement at Booth'a to pay in n Cristmts pantomime, but his friends foar that bo capn fuldiil it, Somebody writes to the Chicago Anterior bes: ging it to peg away ‘ and keop tho I'resbyterit? Church from dying of respectabill ‘That it too oasy a teak for the Interior. Give its bade ‘one, brother. If it ts really true that the Brae bytorisu Church {se dying of respuctsbility, " mast have tho consolation of knowing Hist st 1a ® good disease to dio of, Other oburchos a moro seriously aflicted. 0 ‘Tho thira Woman's Congress will b» hol is year at Byracuso the second week in Octobi fi Maria Mitobell, the well-known astrovomer 6 Professor to Vassar Coltege, will preside, and . rangemente are making torender ita sesslous tereattog and profitable, The last Gonjtor# D. hela in Obicago, and ‘Jennie Jane Ce G. Croly) writes in the Graphic that it us sf yory much on the reputation ‘of tho one bofo’ i The sale of Jay Cooke's personal property’ Philadelphia was almost pathotlo. The a ‘i which it must heve cansod tho proud beni, penance severe enough to cover & muitityr on sing, Ono of the most tovobing slybtt ot estate when the gale took placo—s aot of protest against the invasion of the rough m i ia described by a reporter of the Phila ie ‘Times thas; ** One of thelongout, and nbs: i and prettiont of the walks loads Lppearchet : slope, over a rustic stone bridge, past #8 pond, and ends in front of a magaificent ane marble mausoleum, almost hidden beneat rf weeping willows and toworlng obeatnut ae sod iu white masble all over, foundation, he ‘be roof, and through the lettioed Iron posted vialioe may ave that in al of the twenty