Chicago Daily Tribune Newspaper, October 12, 1875, Page 4

¢ THE CHICAGO TRIBUNE: TUESDAY ' OCTOBER 12, 1875. TERMS OF THE TRIBUNE. RATPE OF AUTECRIPTION (PATATLE T ADVANCE), Postare Preprid at this OMce. Dafly Fditlon, past-paid, 1 sear.... Parts of year at samo ra wE: Onn oopy, per year. 169 Club of nvo, par 1ok Club of twenty, per copy. 1.1 The postage is 15 ccuts a year, which wo will prepay, Bpecimen copies sent free, To prevent delay and mistakes, be suro and give Fost-Office address In full, including Stateand Conaty, Remittances may be mado either by draft, express, Post-Offica order, or {n regintered lotters, at our riak, TERME TO CITY SURSCRIDERS Dally, delivered, Sunday excapted, 23 cenls por weeke Dusly, deliverad, Bunday fneluded, 30 cents jer weeka Address THE TRIBUNE COMPANY, Qorner Madison and Desrborn-sta,, Chicago, il T TAMUSEMENTS, MOoVICKER'S THEATRE—Madiron atroet, between Dearborn and State. Engagoment of John McCullougl, * The Glsdistor,” ‘WOOD'8 MUBEUM—Monros_street, batween Dear- born and Slate. Afternoon, * Fast Lynno,* Evening, “ Led Astray," HOOLEY'S THEATRE~Randolph street, beiween axzk u‘fid Lagalle. Eugagement of the Californis strels, ADELPHI THEATRE-Dearborn Monsos, Varlety performance, eL BT stroel, carner ATTENTION, BIR RNICHTA —Spectal conclave of Apolio Commutidary, 0. 1, K. T, thix (Tusaday) avo- ning st 73 o'clock, at’ tha ‘asylum, 72 Montoe-st,, for work on R, C, Order, Visiting 8ir Knighta cour- teously intited, By order of tha K, C. 1. 1. W. LOGKE, Recorder, D, A. OABNIMAN LODGE, No, 688, A, F. & A, M.- il confar the M, M. Degreo this (Turcsday) evening at thetr ball corner Madinon and Robey-sts. Openiug kour 7:50, Work, 8:15 aharp, L. J. DAUPHINEY, W. 3L Q. A. DOUGT.ASS, 8ec. The Qhitagy Tribune, Tuesday Morning, Octoboer 13, 1875. Greenbacks, ot the New York Gold Ex- change yesterday, opened and closed at 85%, ‘with purchases in the interim nt 853, ‘Winter comes apace, s we are told by a telegram from Marguette, where threo staunch Chicago propellers aro detsined by tho provalenco of a driving snow-storm. ‘Wa hope tho Grand Jury, in taking up the gauntlet thrown down with such o show of bravado by tho County Board, will not feel called upon to restrict its investigation to tho matter of the contract for tho foundations of' the Court-House, A glance at tho abatract job, the coal contracts, the students’ dormi. tory building ot the Normal School, and tho practico of getting up disgraceful sprocs at tho county’s expense, will repny the trouble. A littlo gennine invostigation just ot this time could searcely prove otherwise than in. terosting. Gen. Bartrerr, the Liberal Republican candidate for Licatenant-Governor on the Domocratie ticket in Massochusotts, hns with- drawn from tho tickat, declining to go before the people o5 n Democretio nomince. At this writing the telegraph has given no rea- eons for Gen. Barrierr's poremptory and unexpected withdruwal, but the fact that he did not declino until after the Republican Convention was held suggests the inference that ho is not disposed to nssist in defeating tho excellont titskot placed in nomination by that Conventic.n, The straiglit-out Democrats of Chicago manifest a4 ctermination to persist in their refusal to join the Opposition, and to insist upon a distinet party organization this fall, ‘They have issued n circulnr recommonding tho orgamization of Democratic Clubs in words and county towns “ with a view to the Lolding ef a County Convention, and prosont- ing o good ticket for the approaching elec- tion." They pay their respects to Mr. Hrs- o in a strong reminder to Democzats that this is n Governmont for the poople and * not for office-holders,” and urgo the importance of demanding a recognition of this principlo in the administetion of county affairs, Mr. Miomarn Kervzy, finding himself hope- Zessly defeated in advance by the high-banded and unprincipled tactics of Mr. Hesmva's sup- porters in tho Opposition Central Committeo, is out in 8 manlyand dignified letter, in which Lo withdraws from the contest for the nom. ination of County Tronsurer, and annonnces himself as an indopondent candidate for that office. Ho denounces ss unfair and undem. ooratle the action of the Contral Commite toe in 6o apportioning the ropresentation in the Convention na o reduco tho deloga- tions from wards not known to be favors. ble to Mr, Hesixg, whilsin the wards counted upon ea guro tho delegations are incronsed. Ar. Krzrey seoma to bave lobored under tho delusion that this woa to ho o fair fght for the Trensurorship, and to have not perceived that the case was s desperato one with hls oppouent, who must havo the office by fair means or foul. Discovering his ervor, Mr, Krrrry profors his ohances as an independent candidate to the cortainty of defeat in g packed Convention, S ——— Our latest ndvices from Obio represent that both parties aro confident of a victory to. doy. The Cheirman of tho Republican Ez- ecutive Committes prodiota 15,000 majority for Haves, whilo tho Demooratio Chairman, although naming no figures as to mnjority, is equally certain of Arren's election. Doth sides claim to have mnde m poll of the Btate, and to spoak with something like tefinitencas, Of course, some one must be wrong, and who it s will not be known until to-morrow. It s, how- ever, n fact of gomo significance that the Democrats have pltered thefr tono within the past two wecks, Where they praviously predictod a majority of 80,000 and upwards, thoy now moderate thelr anticipations to the sxtent of simply claiming tho election, A day or two ago Gov, lixspmioxs eaid: ‘I think Avtex will bo elected, but I am not confi- dent.” The Ropublicans, on the other band, from exprossing confidenca of Buccess have grown moro poaitive, and now anticipate & majority ranging from 5,000 to 15,000, The Chicago produce markets were steadier yesterday, aud breadstuis wers strong, Mess pork wus in moderate demand, augd closed casler, at §22.75 sellor October and $19.95 seller the year. Lard was in fair request and steady, closing at $18.25 per 100 1bs cagh and $12.12§ seller tho year. Meats wore quict sud fing, at 8}@0jo for summer shoulders (boxed), 13}o for short ribs do, and 13}@13§c . for short clears do, Highwines wero quiet aud fir, at §1.14 por gallon, TLako froights wero quict and firm, at 3jo for wheat to Dufialo, Flour was in fair demand and steady, Wheat was more gotive and 1H@1je bigher, closing at §L107 seller the month and §1.09 for Qctober, Corn waa active aud lo higher, closing sb GUjs eush and hG}e for Octobar. nnd 23%e for November, at @7 and 1@ 95le for November, £7.60@ Sheep wero stendy. the close, Mr. Hesive's faithful hionchmen in the Board of County Commissioners have, with his kind assistance and valunbla counsel, suc- ceeded in making up a list of judges of election which will give unbounded sntisfnc- tion to the repenters and ballot-box-stuffers tho cloction returns on the Opposition side. disregarded in the selection of the persons who are to re- coivo ballota at the various voting procincts ; Confens~ ing thomselves in the minority, tho Republic. on Central Committee, in accordance with oustom, nsked tho poor privilege of desigoat- judges rea- the Opposition ring in tho Board paid vo attention, but arranged the list of judges to suit the intorosta of their who are counted upon to swell Usage and decency wore thero was no protenso of fairness. the ing one out of thres of this at oach polling-place. To sonable request principnl. A fow of their appointees may bo Republicans, but they are not such Repub. licans ns the Central Committes desired as n guaranteo of at loast an attempt to secenro a The list might as well have fair election, beon exclusively Opposition throughout, THE * LEGAL-TENDER CLUB,"” AsMr., Scrunz has eticiently demonstrated, themostseriousdangorof the present enrrency discussion is that arising from the deception practiced upon ignorant people by designing knaves, Tho most glaring illustration of this thot has come under our observation is tho circulation of & paper for signatures looking tothe organization of o vast Legal-Tender Club, This paper, which wo print below, is n tissuo of false statoments from beginning to ond, and so specious aud designing that thera is littlo doubt it was prepared Ly some- body who knew it tobe a condensation of vicious lies. Here is the document : 1EGAL TENDER] Read, Rejlect, Act 1 ‘Wurnras, The National Bank notea outstanding July 1, 14 1 the Interest on bank notea at 10 per ceat, 3 per cont por annum, $17,519,450 ; theroby making tho total {ntercat paid by the people to the National Banks for tho use of thelr currncy, 16,003,504 (belng $11.82 Der voto for tho voten cast for Prestdunt i 1572), which nmount could be saved to tho Governmont and the people by retiring the Nutional Bank currency, and aubstitutiug logal-tender notes, which snould bo intorchangesble for Government bonda bearlng S-03 interost the option of tue Lolder ; theroby saving to tho bard-working, aver- taxed, wealth-producing people, $76,007,504 in interest now aunually padd to tho National Banka; and ua the first tsaus of legul-tender notos of $31,000,000 wro worth their face n gold beforo tho National Banks came futo oxlatenco, aud, as Government bouds are ond have boon worth & pramium of from 4 to 15 por cent gold; Thorefore, wo, tho underaigued cltizons and legsl voters of the town of . County of , and State of Illinols, heroby plodge ourselyea to uso onr ‘Deat cndeavors, and, by all honorable micans, strive to s6curo tho fnsnclal reform above tndicated, aud here- by form ourselves nto 8 Legal-Tcuder Club, for the purposs of co-oparation and the dissemination of in- formation. Roport of —— Legal-Tender Club of ———, Coun- ty of ———, Btato of lltinols, —— —, President, e —, Becretary, Naxes, ‘While the real character of this circular can scarcely be indicated by reciting its indi- vidual misetatements, such o showing mey possibly save some persons from subscribing to the lies they aro asked to indorse. 1. The interest paid to the banks on the United States seourity bonds is mot G per cent, but mostly 5 per cont. This is & mis statomont of about 23,870,000 on the amount of interast actually paid on bonds depasited by the National Banks to secure their cir. culation, 2. But theso bonds aro tho privato property of thestockholders in the bauks, and, if the bank-notes were retired, tho bonda wonld roturn to the cwners. The Government could no mare seizo thess bonds than it conld tho Liorses and cattle belonging to the farm. ers. If the Government is to purchase them, it might as well purchase the same number of outstanding bonds not bhold by tho banks, —if it has the wmoney todoit. Just as much jutorest may be saved theroby. 8. The wastage and loss on National Bank notes is grossly exaggerated when it is placed ot & per cont per annum, At this rato, it would only take twenty years to wipo out the whole issue, notwithstanding the renewal of notes, It is ridiculous, But, whatover tho losa is, it inures to the boneflt of the Gov- ernmont; tha banks do not gt o cont of it. National Bank notes aro all redeemed at the Treasury Dopartment, and every bank is obliged to place enough groonbacks in the Treasury to redeem all the notea it has issued. Therofors, $17,693,450 moro must be de- duotod from the estimato made in the above circular, 4. Ttisnlso a gross oxaggeration to cati- mate that banks receive 10 per cont interest on their entiro circulation the whale year sround. To begia with, the bulk of the bank notes are in tho Eastern and Now En. gland Btatos, whero only G to 7 por cent is charged ¢ interest, and 2 to 4 per cont on call. Mongy can ba borrowed from Chi- ©ago banks to-day at 8 and 9 per cent interest on time, and 6 to 7 per cont on eall. But tho banka muat keep their reserves; and thoy alwaya have moro or less idle money, poy largo taxes, and make, in the course of busi. Dess, sorious losaes, After deduoting all thess, tho ofieial roturns show that thelr cape ital earng not moro than 7 to B per cent. Here is anothor deduction of £16,580,000 to be made from the abave estimate, 5. The $387,056,908 of bonds deposited in ‘Washington are the capital of the banks, If the bank-notes are retired ang the bonds thrown back on the banks, they may be sold st 120, which would realize $404,455,000 in loanable money. The bankg w‘mm' then earn, at the rato of interest compuated by the ciroular, §40,445,600, instead of 285,186,900, as now, Tuls makes $11,%58,600 1more ngainst the above showing, But the capital in eithor onse belongs to thu Lauks, gng wo do not seo how the poople ara to borrow it in eithes case without paying interest for it, unless it is proposed that the Government, shall loan thom tho money for nothing, "Therefaro, this whole ftem of §85,180,500 sbould cone out, as it would have to be paid whather the National Bank notes aro retired or not, 8. Wiplng out this $05,160,000 wa have wiped out the whols ostimate as above given, Leaving that, wo have still taken off §48,252,- 050 frum the §74,008,704," or oonaidorably | Prxa more than one-halt of what they say *‘tho hard-working, orordated, wealth-produsing Oants were in fair de. mand aad firmer, closing at 3ie for October Ttyo wns steady c. Darley was moderately nctive higher, closing at 9% eash and Tiogs were moderately active and firm, with the Lulk of sales at Cattle were dull and unchanged. Ono hundred dollars in gold would buy £116.50 in greenbacks at wero $351,86),003, and tho smount of United Btatea bonds deposited with the Unlted States ‘Treasurer to sccure tho bank notes fn circulation was 08 ; the taterest on bouds at 6 per cent, $23,- 80,900 , aud wastage by lovses of bank notes at & peoplo ™ hiave to pay to support tho National Danks. But the National Banks nre really loaning the farmors, mnunfacturers, andother wenlth-prodcing classes about 500,000,000, exclusivo of deponits, for which. aecording to tho above stylo of reckoning, the peoplo aro paying less than 8 per cent. But this whole style of reasoning is falla- clous, If it is proposcd that the Government shall replace the outstanding bank.notes by the samo amount of legnl-tonders, it can only issuo €351,860,008 greenbacks, Thesa will bo irredecmable, it must bo remembered, while bank notes are redeemnble 1 the pres. ent issuo of logal-teuders. Now, how many bonds will this now issue of 351,869,008 of greenbacks buy 2 Just now it takes 2117 to buy & 100 bond ; bnt with a new issus of irredeemable greenbacks, the bonds will go to 120, then 125, then 130, then 140, then 150,~and tho Lord knows where the depre. cintion would end. Beforo tho 1,869,008 could bo exchnnged for bonds, it is entirely rensonable to estimate that tho deprecintion would bosuch that this amount of greenbacks would not buy more than $£200,000,000 of bonds. Tho retirement of $200,000,000 of bonds would save, at & per cent, 10,000,000 in interest, But the Nationul Banks now pny about this amount annually in taxes. Thoro would, therefore, bo no saving whatever to the people, but in the meantimo the change would have ereated havoe, The £650,000,000 of deposita in the National Banks, gud the $1,000,000 in the savings banks, and 8300,000,000 in other banks, would hava depreciated 10, 20, 30 per cemt, or more; o good and safo banking system would have been displaced to mako room for an cx- perimental aud uncertnin system; prices would have Leen turned topsy-turvey ; the credit of tho nation would have beon damaged as its plighted faith would Lave been dis- honored; and, finally, the wholo peopla would bo a undred times worse off than thoy aro now, OUR REVIVAL, Notwithstanding the refusal of Messrs, Mooor and SaNxey to como to Chicago at presont and organize a revival, there is a very evident determination upon the part of the Christian workers of the city that the project 'shall not be allowed to Inoguish on that ac- count. The Christinn business men havo taken up the schiome whore the churchos left it, and will recommend to the churches that they unite with them to give tho leadership of tho movement to Mensrs, WintrLe and Buss. Mnj. Wiurreg is an old residont of the city, nud is as well sequainted with it as Moopy, Ioisns intelligent, as earnest, and s well educated a man as Moony. Ho has not the prestige of European success to work upon, but in roligious malters it is perhapy better to leave European prestige to actors, authors, and prima donnas, and trost to faith in the Deity. At home he has been very successful, and just now Lo is awnkening groat intorest and laving rousing mectings in Minnesota. If ho can inaugurate a revival in Miunosota, whoro he is o stranger, ho certainly can do tho samo in Chicago, where he has been so well known for yoars. His musical coadjutor, 3Mr. Briss, is & better singer than ever was Mr. Bavkey, and hes had as much praetical experionce, if 1ot more, for SANEex is comparatively a now comer intho field. Thoe two, therefore, if thoy aro nccepted by the business men and ratified by tho churches, will enter upon the movement with everything in their favor. ‘What is nceded now is tho co-operation of the churches. Thoy cannot afford to atand aloof and have a revival inaugurated by the business men in 8pito of thom. The busincss men need tho machinery of the Church, its practical experience, its advico and counsels, to help on tho groat work, Thoru are two promiuent reasons why the Churah should lend its aid. Firat, if it doos not, thero will be those who will say that a rovival without Moody and Saxnxerx is sn impossibility, or that the pon- aotion of tho churches is tantamount to a con- fession to that offact. This would bo vory mortifying, to say tholoast, and very projudi- cial to tho influence of tha Church. Socond, it might make good tho statement of scoffors that there cannot bo a revival horo unless Moovy and 8avgey como to manageit. Thero has beon altogether too much talk about Moopx and Sasger. The way to have a revival s to go ahead and have one, trusting to God to mannge it. This seewns t0 bo thoe spirit wisich is actuating our business men, and the churches should meet them ot least half-way and co.oporato henrtly with them. In no other dopartment of work would Chicago wait for outside holp or coun- sel. Bho is always self-veliont and goos ahend. Why not do tho snme with the e- vival business? Wo have had the Amorican Board here, have hoard #ll they have to say about foreign brethren, havo sympathized with the missionaries ard promised them Lelp. Having finished up in the department of the Vineyard, now lot us do something for our own brothren by an enthusiastio revival organized and managed by homo talent. MURDER AB A ART, It De Quincey hod written some years Intor and lived in this oountry, a study of the Willinmson County vendetta would havo given him some chofce iduas for the embal- lishment of his essay on * Murder as a Fino Art.” For deliberate and cold.blooded cone coption and artistic execution, the Williamson County murders stand alone. There has been a vast improvement upon the original Corsican notion of the vondetts. The family fouds of Corsica became a national passion, and tho sontiment of rovengo would not have been satisfiod it any of the incidental mur- ders had bosn commited by proxy. A Cor- sican, in pursuit of somo tiaditional onemy, would probably havo regarded it os & personnl offenso, combining insult andl injury, if any- body oleo had taken up his quarrel and kilted hisman. To have hired an emsnssin for that purpose would huve been te pay out money to deprive himsel? of onw of the most oxqulsite of earthly enjoymemts,—the pleas- uwre of dolng the Lilling himself, But the chiefu in the Williamson County vendotta are » more xofined sort of assossing. The recent State ovidence given by a couple of the murderous employes ro- veals tho now order of things. It is not necessary in Williamson County that the chiefs on either side should -use their own extra $40 shot.guns, nor undevgo tho per- sonal discomfort of prowling ar oand nights, nor offend their dedicato senscs tiy witnessing the gushing of human blood and the scattore ing of Lrains, They have m miore modern sud business-like woy of dispceing of their enemics, Ono 5ot of hired asstmains serves Lotl. It woems that Sant Musroz and Man. SUALL Onazy, the two fellows who have given evidence for the Slate, earned their living in this new brauch of industry. It would ap- penr from their testinony that. their gang worked Smpartially for the Buryi nxn:s and the 9ANTS, —0pposing factions, ‘Che differ. 6000 fu the wealo of piloss m'ght have o Uiosd the profouslonal musassisis to fevor dns sido ovor the other hnd there not heen other compensatory eircmstances, Thus, Dave PreasaNTS or Jrer Russenn was willing to pay $600 apiceo to have the DurLiNens killed, whilo the Burtayens fixed only 200 0 hend on the persons thoy wanted put out of tho way. Dut the Burtinera wavted moro men killed then their opponents, and this nbout equalized the compensation, It is another instanco of the economical prineiple that low prices incronse business, 'Tlhio lired murderers would earn ns much at $200 a hend on one side a8 thoy could at §GU0 a head on the othor side. 1t in not likely that all the fine-ntt qualitics of the Willinmson County vendetta will ever como to light, hut the perfect disintorested- ness of tho paid murderers, and their uniform and conscientious observanco of the rilrond law agninst discrimination, can searcely fail to command tho admiration of timid people who liave beon accustomed to regard murder 08 o rather startling, not to say shocking, oc. currence. Onco in n while humanity wonld got the better of theso cool and impartial men, and they would permit their prejudices and preforencos to nssert themselves. Thus Musicr says he wanted * to kill Stsney,” and the reason why he wanted to kill 81sNEY was beeause he thought * Stexey needed killing.” This was certainly an excellent reason, but it showed some personal feeling which detracts from the sdmirable imperturba. bility and Spartan fairness which generally charaeterizes the Williamson County mur. ders. Thero scoms also to have been n brief differonce of opinion betweon BunuiNen and Crarx os to whether young or old Stsxur should be killed firs* ; but this was not mate. rinl. ‘They stood not upon the order of their killing, and it bappened that o'1 BNeY was the first to go. It nppears, recording to Musicr's testimony, that Craix comylained a little bit about tho trouble he had in kilting the old man,—nat that thero was any resist- ance or danger, bat ** ho had a rough time of it on nccount of the rain and mud.” It may be, howerer, that Cnax only mentioned this personal inconvenienco to convinco his em- ployer that bo hnd earned his 3200, so that the latter would not refuse payment in somo ensier caso when there might be no “rain and mud.,” The *rain and mnd,” however, did not appear to make much impression on tho assassin's employer, ns the latter only paid kim $15 down, and mado up tho rest in promises. **There is $15 for killing old Gronok,” he #aid, *and I will pay you the rest when I sell my wheat.,” Whether the balance way ever settled does not appear from the evidence, but it was probably paid if he aver hired the same man to do mors murder, It is doubtful whether the public welfare is served by mrresting and trying the hired murderers just at this time. It is a question whether it would not be better to permit them to continuo their trade, sinco they are employed by both factions, nntil thoy kill off all tho principals on either side, oxcept those who pay the money. These should bo spared for the hangman, THE GERMAN COMMEHCIAL TROUBLE. MMr. Bonvnz, in his reply to Mr. WeNDELL Purniies, explained most admirably the con- dition of financial affairs in France, exhibit- ing how little 3r. Purnrirs knew of tho real facis+of tho case. With referenco to Ger- many o said ¢ i 3Ir. P, uses ono illustration which s intenscly ludi- crous, Ue refers mo to Germany and Frauco,~Gare many involved in 8 busiucsa crisis, snd Franco in a condition of prosperits,—and thls from a gentleman advocating an expansion of tho gurroncy ! Does A, P, unow what the causo of lha business coliape in Germany was? I will tell bim, Certatnly mot the want of monog, for after tho French War an sbun- daucoof 4t foated into the country. Tho causo of col- lapse was over-production, ovar-trading, oror-spocu. lation, nud over-stralning of tho credit-syatem, which 18 alwvays to bo oxcited by on over-sbundanco of money not she product of labor and industry, aud bustness {s now prostrated by o sweeplog chango i the monotary system of the country, What can Mr. Phillips msko ot of this fact for his axgument7 or will he perhapa pretend that tho busincss crisis in Germany would not. liavo occurred had the curroncy of the country botn irredeemablo paper inatead of apecio ? I suppoes thera wust bo some Umit to human folly, The facts of the ease in Germany aro very plain, and tho existenco of a commercial crisis thero is clearly due to thae inevitable Iaws which produce like results from like canges. The Imperial Government eoxtorted in oll from conquered Franco a sum equal to over cloven hundred millions of dollars in our monoy. The coin currency—legal-tendor—of Germnny was at that time, and until recent- 1y, silver, and existed in large quantities, TFrance purchased largely of this eilver, and paid a groat portion of hor indemnity in that coinage, Tho Imperial Government, after poying all its war-debt, distributed 8 portion of this enormous sum of money among the Btates of tho Empire; it also ongaged in building railronds and o navy, and in a com. paratively short time had disbursed in one ‘way or another all of tho indemnity received from France, save some two or threo hun. dreds of millions which have beon buried for fature occasions in one of the fortified posts, Previous to this time Germany had, under o very low tariff, made great progress in manufactures and general productions. The imports were large nnd the exports wers, on an average, oqually large. The Germans were doing & prosperous business, They were producing heavily and finding a foreign markot for all their sarplus, and adding an- nually to the national wealth, At this moment thero was a sudden ncces- slon of seven or eight hundreds of millions of dollars to the circulating medium. The purchnsing power of this monoy rapidly de- clinod. Tho volume of money in a country constitutes tho domand for other commodi- ties, and the volume of other commodities constituto the supply, ‘The money is bought with commodities, and the commodities are ‘sold for the money, The suddon introduc- tion of 0 much money had the natural ef- feot of incresulng the relative value of all the commodities held for sale for money, and a corresponding decresse of the purchasing power of the money; in other words, it vequired more money to purchass the same quantity of goods, to pay for the same amount of raw material, and to secure the same nmount of labor, Tho cost of living greatly advanced; the prices of all articles wero increased, and labor demonded n large access of waoges, A result was that strikea for higher wagea extended all over Germany, The manufacturers were the first sufferers, They had to pay moro for all their raw material; had to pay more for wages, and the incressed cost of their manufactured product rondered it less possible for them to export their fabrics and sell them in forelgn markets. They manufactured, therefore, for tho homo wmarket, and whatover surplus they produced ‘Wa4 an over-production which remained un. sold‘in tholr warehouses. A consequence was & largo over-production; the prosperity® of supersbundance 6f money led to im. menss speculstions, Production yielded to speculation, and men grew rich on credit. ‘The euormous amount of money thus sud~ danly introduced into the country had nob been sarnad by laboz, 44 was oA Ahs pree duction of industry, It wna like n large prize in the lottery, and had substantinlly tho samo cffect. Evorybody added to his ox- pouditure; mnat expensive tnates wero fostored ; the whole cost of living advanced ; tho rich aspired to a modo of living that a fow yeara bofore would have beon styled prineely, and the less rich followed nas closely ns thoy could. It took bLut a comparatively short time for the offecta of thia nbnormal condition of things to becomo marked. Man- ufacturing cstablishmenta closed. Labor was discharged. Warohouses were filled with un- salable goods ; tho imports were no longer paid for with domestic exports, and the flow of money to pay balances of trade st in to other countries, At this time also the Impe-~ rial Govornment put in operation a completo change of the monetary system of tho Em. pire. Bilvor was demonstized, and gold sub- stitnted as the legal standard, as in all othor European Btates. Tho old denominations bavo been superseded, and a now unit of money has beon established callzd, tho mark, which has neatly the same voluo o:ine En- glish shilling, and is co:nputed s% 23.8 conts in our monoy, threo marks cqualing one tha- ler. The gold coinage is in picces of ten marks and twenty marks, The French mot- rical systom of weights and mensures has also been put in operation. Theso swooping and radicnl changes combined have disturbed and distracted the business of the country, and, added to the finaneial derangements produced by tha sudden {nflation by introduction of an onormous sum of money not carmed, hns produced the commorcial complications of Germany, out of which, however, tho coun- try is gradually becoming extricated. It will bo seen, therefore, that the troubles in Gormany have not been duo to any searcity of monay; on the contrary, they have been due primarily to the extraordinary abundance of money,—so much in cxcess of the existing demand na to lesson its purchasing power. To have added an irredesmablo paper cur- rency to the money of Germany would have been to have nggravated all the existing ovila, Tho prosent condition of Germany is that nearly all the enornous nmount of money ob- tained from France has been exported to pay for imports formerly paid with exports of domestic productions, ' Prices have fallon; manufactures have been resumed ; Inbor has been re-employed ; Germany is again export ing goods; cost of living hns declined; ex- travagant experditure hing abated; and mattors are again approximating to the old condition of prasperity, The influx of uncarned money has had its day ond has been mensurably wasted, snd Germany, in going bnok to old values, is probably richer than gho was with the French indemnity, wih its destructive effocts, THE LESSONS OF FALL RIVER. The Fall River trouble has ended with the triumph of the manufacturers, They have secured nll tho oporatives thoy need upon the conditions they dictated. Every om- ploye hns been obliged to sign a contract to the effect that ho will neither belong to, nor bo influenced by, o trado-union, The men havolost, by their strike, the wagos that they might have earned and the right to combino in solf-defonse Thoy have gained—nothing, absolutely nothing. Tho cost of sheltering, fecding, and clothing them during their * va- cation ” must bo subtracted from the world's oggregate capital, from thofund which main. tains labor, ns a dend loss, Fall River has beon living in barbarism during tho last fow woeks, It has not omergod from barbarism Dbecause the mon have gone back to work, The conditions of employmont which made the late strike possiblo atill exist, and exist in grenter force than ever, for thero is moro bitterness of foeling botween masters and men now than thero was then. It ia as cortain ay sunrising that the employes will seorotly combine, despite their promise ; that they will collect funds for tho sako of waging a more succossful fight in tho fature with their cm- ployers ; and that they will strike again as soon as tho suffering caused by this strike has consed to be folt. Isthere no way of proventing tho nccomplishmont of this wretch. od programme ? If there is, it behooves tho mastersto tryit. They have conguerod ; they can afford to bo magnauimous ; they onght tobo just. Cannot they at least propose to their operatives tho cstablishment of permn- nent Boards of Arbitration, such ns Mr, Mun. peutA and Judge Kerrie have mado so do- sorvedly successful in England ? They might well go beyond this and try tho experiment, for alx months or a year, of dividing some portion of their surplus profit with their men, By surplus profits, we mean those above a falr porceniage on tho capital in. vested. 1If some of this surplus is offered to the men, in proportion to the wages earned by each during the time for which this divi. dend on labor is deolared, it scta as a power. tul incontivo to the employcs to do their vory best. It makes the folly of strikes and tho bonefit of hard and honest work plain to the dullest intollect. Caunot manufacturers in Fall River and outside of Fall River lay these facts to heart, and do something to remedy tho barbarous demoralization of the relations betweon capital and labor ? Tor Tnroune's Washington correspondent euys ** Architect Porren states that all of the recommendationsof the last Government Comtnisslon will bo carried out.” Indeed! Ono part of the work, and one only, the Commis- sion urged should bo proceeded with * as soon as possible,” and yot to this day no sin. gle step hins been taken at the building, and no line of instructions recoived thers to give effect to that recommendation. The dispatch says : ** The recommondation as to the walls will roceive attention last, ns they are rogard. ed of loss importancs than the foundation, The latter will be immmediately strongthened, s s00n as this is done, the portion of the wall reforred to in the Government re. port will be taken down and re. built.” Whbo regards tho recommendation as to the walls of less importance than the foundation # The Commission, in their re- port, say (after demonstrating that the pres- ent foundation would bear twice tho weight of the bullding), *If, however, the precan. tions suggested by the Board be adopted, they are of opinion that such settlement will be nearly uniform, and will not materially in- terfere with the stability of the building,” and, among their recommendations, *¢ that the stone-work on Olark street should be car- ried to tholevel of tho other work as #00n as posridls, and in the farther progress of the work the wall should be kept s nearly level as possible. The Come misgion evidently regarded this recom- mondation of such paramount importance, to insure a uniformity of settlement, that, as beforo stated, it is tho only one of their recommendstions which they expreasly urge should ba given effuct ‘* as soon a8 possible,” and Becretary Bawrow ordercd this xeoom. mendation to be owrled into effect '‘at ol yub ib b staded that, afior the cototets ing is done, a cortain portion of the wall will be taken down and rebuilt,—in other words, that the particular work which the Commis. slon apparently regarded as of paramount importanco hins not only Leon unntiempted thus far, but will not be dono this senson It will not e pretended that this portion of the work could mot proceed at the same time with tho concreting, or that by this time it might not have beon far ad- vanced under tho direclion of the present Suporintendont. Howover urgent may bLe tho matter of appointing n new Buperintend. ent, it will not bo pretended that the present incumbent is incapable of advancing this im- portant braneh of the work until Lis successor arrives, 1 convict labor is a serious ovil to honest Inbor, its worst results in this way must naturally be in the immediate vicinity of tha Penitentiary which coutains the convicts in queation, But the Jolict (I1l.) Sun hos dis- covered that prison Inbor in that city bas no apprecinble effect upon the pasy or comfort of Joliot workingmen, Seven trades aro carried on in the Donitentiary. Ouly one of them—that of cutting and dressing stone—interferes with local industry, and even its intorferenco is doubtfal. Most of the convicte are employed in making boots nnd shocs, and Joliet hag na many manufactorics of theso goods as any town of cqunl gize in tho country. Thesame lsck of compotition is truc of all the other trades in which prison labor is employed. Joliot, 80 far from suffering from the pres. oncs of tho Penitentiary, has an incransed population of honest men, and an inereased business of over 250,000 o yenr. This neat little demonstration puncturcs the conviet- labor bugbear pretty thoroughly. Tho latost nows from Madrid shows that the Spanish Government does not senro well in its wrangle with the Vatican. In reply to the Nuncio’s communieations it takes n posi- tion which is almost amusing, by declaring that it will respect the Concordat s0 long ns it doos not interfere with the internl affairs of Spnin, and at tho snino time by ndmitting that it hins violated the Concordat and must maintain toleration, The stntement recnlls TwrEp's famous * What aro you going to do about it?” Awthe Vatican has but ono re- source loft, the blessing of Dox Canvow, if Lo can be found to bless or can stop long cnongh in his Sight from Dox Avrowso for the spiritual coronation, the news may come any day that the Pontill hins taken this cmpty form of revenge upon the Liberal Ministry. ———e The New England citics ara very genorally growling about municipal expenditures. The Boston people complain that the expenses of tho public parks have risen from £25,000 n Yyour, ten years ngo, to $94,413 the past year; that tho Public Garden requirea $20,000 per annum, the Common 16,000, etc. New Haven complaius that $725,000 is a perfeetly monstrous sum to spend in twelve months for a city with 50,000 inhabitants, Tho Springfield Rcpublican wants to know if 8725,000 is oxpensive for 50,000 people, what can bo thought of £630,000 for 32,000 people? Gen, Scounz woll romarks that tho eruptions of WeNDELL PmirLwes, Ketiy, ALLEN, EwiNo, Cany, Binoreroy, Vooruses, TneviLiiox, aud those like them, on the eurrency question, wou'd bo barmleda by thoir absurdity, but, addrossed to the poorly-educated lsbaring clusses, thoy are caloulated to do serious miaschlet. ** Reading such thungs, aud tstenivg to spocches of tho samo sort, thoy are apt to recolve tho impression that they have no interast in coramon with the rest of socioty ; that thero are somo artificial contriv- ances by which thelr special prospority as n class cau by promoted outside the waysof productivoin- dustry, and that thoy may expgct moro from fuan- cial tricks than from the eatnings of honest labor. How mischievous such teachings aro, appeurs from tho fact that so maoy lsboring men have been seduced into the supportof tho iotation policy, which thelr own good senso should show thom (o bavo been especially Invented to oppross tho laboring man himeelf by robbing him of tho fruit of Lia labor and the value of bis eavings, by ourrency dopreciation,—and all this for tho benoflt of tho gamblor and speculator. DBut atill greater wischief may be dono by this reckloss agitation.” The Inter-Ocean's own victim of tho Misafssip- pl White-Liners has turned up again, Thia time 8¢ Natchez, and that thore may bo no mistake about it, ho proclaims over bis own sigoaturo that be i7 the vietim. From thence, Baturday, ho telographed Gov. Ames : Mob law Lss begun horo, Iam the firat victim, Bodles of armed mon mwountod have invaded my prem- iaes and driven my family from their dwelling, and are ridiay rough-shiod over the most sacred rights of ens, Then coma the blood-curdling dotalla: “I congider myself tho victim of political perseoy- tion.” Hoadds: Can you give mo help and rodrcas? Ifnot Ishall telegraph thie President for agsistauce, 1 have armed & colored guard, but that {s not autlicient, _The freod- men are mthnidated. 1 Am kuown o tho Presidont. A, P, MegRiLy, That was threo days sgo, and yet no tidings have come of this first victim kuown totho Pros- Idont and bis armed colored guard that is not sufliciont. But doubtlosa the Inter-Ocean, whicl published his two-day-old dispatol, bae himis resdiness for trangportation to any locality where outragos are to bo mauunfactured. ————— Tue Tranunz hes receivod an fuvitstion to s baaket-plonlo aud subterraneau ball, to be given in No, 5 Company's Ciamber, Marehall Tunnel, Leavenworth Mountain. The invitation is nec. exuarity doclined, uinco Tur TRIBUNE cannot consent to go 80 far under ground for jts amuve- ments. The mansgers of the entertainmont atate, for the information of vieltors, that tho elovation of the Tannel [a 9,600 feet abovo the level of she ca, and the dance-ball s 600 foot bolow the eurface. From the miucs cut by thia Tunuel milliona of dollars have been taken, A dancs with such gurrouudings would be, for most young gootlemen who figure in soclety as elegant dancers, liks the torture of Tantalus. But in the neighborhood of Georgotown, Col., where tlie mines are sltustod, it is said there aro plenty of young fellows who dine off aolden dishes sud drink out of golden goblsta. For them such amusements may be healthful and inwvigorating. The following tabls of the vote of Ohio, with the majorities for the past fifteon years, may prove useful in comparing the seturns to-mor- 7 17,362 One Georar D, Lawsox, who baa been obtaln- ing money ouaccouut of Tax TRIBUNE 8¢ Jacke souville and Freeport, sud who may bo in Quincy about this time, s & fraud and a dead- beat. TLe people ought to know by this tlme that Tos SRinoNE bas no authorized colloctors in the country. Any person aaklig Bnencial so- comwodation on account of Tux Twwni¥a, or ofterlug to invert adveyilsements 11 news-lotteis to Tk Tuswvxs, or solinsing subscriptions te Bad Taisvnd (vaoept Postanasters sad reaidents kuown to be responsiblo). should be hange over to the polico, Tur Tnuxe haw dons and Indoing ain its power to arrost and lelngyg Juntica impostors tradig upon s Toputation; but tho people aro expectud Lo oxarcino ordinry prudence and eonmon-genso bustnesy principles un thoir own account, Tho Vatican, so far from being the Baylum, 3y alleged, of 3,000 persons, containg only 837, Tho Bwisa Guard and Pontifiesl Gondarmerg mustor 200, of whom 23 aro murrisd. Tha Po, Cardinal ANTONELLL, tho Major Dowo, and othey officors, number 14 5 thio Scerotary of Biato's op. tablismont numbors 29; that of tho Patace Ade miniatration, 16; and the secret Printing- e, 8: thore ave 20 valots aud conriera attnched gy the Popo and the apoatolic ante-chamber; aig o, Kaxt2L5R and tho Cardinal ANTONELLI hary suites numboring 45, Theso fipiren are fyp niuhiod by the Paris corraspondent of the Log. don Tirnes, who, howeser, prints tho name “Lg Gon. Taxtzren," fustead of “ Lo Geo, Kivtz. LER," aud falls into the curious blunder of Bup. posing that tho foreign jourtal from which py figures wore dorived had mistaken s Chaucellor, General for a military ofticer. KANTZLER wag, ft appoars, until 1872, the Commauder-in-Chiof of tho Papal army, and now residos ot the Vatican, . ———— 8t. Louigis in & bad way apaln, ity annus] Ezxposition hiaving proved o faiioro. It oponod whon it was but Lalf ready, and the oxlibitorg were digploased, Tha various departments e stiil Incomplote, and th1o has dmplonaed tho pub llc, congequently ths public stays away, Nop withstandiug tho elforta of Prof. Ticg, the wentbier has also provod unfavosable. Nothing tins come out right. The mauvagoment of thy fair baa beon very shaoby, the diaplay has beeg vory small, and tho attoadauce still smeller, Thy worst part of this sorry busincsu is tho fact thay the Exposltions at Lowsville, Indianap: Cincinnatl havo boen vory successful, it our own Exposition hag just oloaed after n mosy brilliaut succoss, This will add to tho troubley of that swretched city. Its only rohaf will baig & now cenaus or lu 8 pligrimago to the Bridge. ———— The Civil-Service Roform of the Reformed Dg. mecracy of Now Yorlk is hlvstratod in tho caseof Recordor HACRETT. Ho Lina nerved ns tho prin. cipal criminal maglstrato of the city for aight years past, und by Lis foarless lutegrity bns wox the indorgomont of tho entire pressof the city, But the party leaders havo docroed that o shay noy bo put an the ticket again, Tammang made o writton formal domand upou him for the re. moval of the Clerk and other officers of hig Coust, that Tammeny appointoos might bs aub. stituted. Lo poiut-blank declined, und in hig refusal had the audsoity to any : *'If there ex. istsan oftico which, mora thau any oller one, #hould be uttorly divorcod from political connide eratiovs, it is thut of & Clerk or Doputy Clerk of & Criminal Court,” Aod for thst his politieal dootn 8 deereed by the Roform Domociasy, Fern by it s e bir. Maveios Grav bra recoived o tologram from Roser, tue Italian tragodian, couveying tha. iutelligonca that ho will bo unabla to fulfill his eogogemounts in America, No roasous are ae signed, and Mr. Grav csks o susponsion of pube lic opinion boti for himself nod Siguor Rosst Bleanwhile, Lio fools it bis duty to tiscontinug oll annouucsmonts rogardiug Signor Roaar's rep. rosenlations fn the Uniled Htntes, This news ls surprising. If it shall ba fully borue out, a8 now scoms probable, the lovers of dramatio art in Ameriea will suffer & sovera disappointmont, sod Mr, GRAU will suse tain & pecimary loas that will by poorly compens sated by the sympathy of tho public, ————— Tho oloction Is coming on in Minncsots, but— Lotk pattics having adopted honeat-money phi- forms—politics Janguishies for lacis of & great ise sue, sud politicinns and newspapors are now in eager quost of some such. ‘Tho Minnespolis Tribune eadly concludos that *'it's no uwse and says: It i truo that Mr, Burre, the Domorratic exndidita for Govurnorg Lsh swallowed tho lard-monoy platform of tho Deinoerats, and olso tho inflation platfurm pre- jared by El Paso DowNrcts and odoptod by the half- dozen oMco-seckers wlio witended the Anti-Monop Couventlou, Lut tliw attempt of Mr, DUELL o make twvlus of Litmeelf by ridlug upon horacs going in opjes sito directions, whilo it will lwvo tue efiect 0 Lill alm. deador than a split mackerel, hus uot produced s tipe »lo of excitomont ovon du his own purty. s Tho black clond that looma up in ths politicsl borizon about the latitudo of New Orlesnsisa ** nigger " toncher of mashomatics in the High Hchool of that city, appointed by the Bunool Doard of whicls Pryciisack ia the controlling member. Tho appointmont seoma te have becn mado for the purpose of stirring up the color prajus dico, sud hos wrought it to white Leat and - doubled tho agitation for saparato schools. The Boston Pilot, the loading Catholio orgsa of tho country, wants s high commisalon sp- poiuted * to draw up a plan of educatlon to be submitted to tho people " of Magsachusotts, and suggesta Archbishop Wirtiaxs, President ELl- or, of Harvard University, and Chief-Justios Gnxy, as the Commisuioners, The Sun at laat has, it soems, discovered which is the parly of roform. Itsaye: ™ Whst cau bo plaiver than the faol that it i thers- forming eloment fn the old Republican party that has offectod aud is daliy effocting the polit- ical chianges golng on in the country 2 Tho Now York Evening Post has determined the oxact power of that nuknown quaotity 1o Now York volitics—the Liberal party. Itocone sists of one leader (Jonx Cocunaxx) without & following. Tho Ohlo election bolug over to-day, who now will #riseup” to take (he placo of WiLux Avve na a fertilo polltiosl topio and standisg nows ltem for all the papors of the United Btatos ? ——— The abolition of the bsllot-box, and substitss tlon of voting viva toce, je agitatod io Louislaod iu ordor to provent ballot-stufting. PERSONAL G. C. Bowen, U. 8. A, fs & guost ad 0 Palmor, Tho Hon, John Lako, of Rockford, ia st the Tremont. ‘Mheodore Thomas' Orchestra Troupa atops 8% tho Sherman, Ex-Gov. H. 0. Warmoth, of New Orleacs, 14 at the Parmor, The Rov. Dr, Wakefield, of Rlchmond, Ind., I8 at tho Buorman. H, A, Turner and H. G, Kelsoy, London, Eog« are at the Bherman. The Hon. T.T. Blair, of New Jorsey, l# s Tre* mont House guest. Dr. ana Vou Bulow arzived at Boston yester day on the steamor Parthis from Liverpool. Preutdont Graot Is oxpected to wrive here from the Wost oo a wpeolal train thisafiess o Ouliforais Dr, Mary Walker had & pstlent io the auu:’ day. It was her uofostuute bus band, Ex-Attorney-Genera] Willisma 1ad wife wil probably roalde in Oregon for the ReXiEWd years, 5 J. Frazer Holst and wito, nas Miss Allle Broce of Memphis, sro st the Palmer House-on fuel bridal tour, The Fitch dismonds will niot ba removed from the Custom-House until the burglars have dooe looking for them. Walter Trumbull has boen {Numivating the financial darkness of cerfain newspaper men i New York, They interviewed him. Inquiry Is made by the Eastern nowspapers for Mr, Titlona, Those is no such persag knows o fame., The opera-singer is Alademoisells, nob Madamo, T e v, RUos, Republican candidate for Qo' flllghfgn:l':uueu. is not, as bes been stated. + Descon-aiteater, Ho lins the misfariuns ol * 84 4be Bouth End, coocstmiug whish, say#