Chicago Daily Tribune Newspaper, October 15, 1875, Page 4

4 TERMS OF THE TRIBUNE RATES OF RUMECIIPTION (FATADLE 1% ADVANCE). Fostree Prepnld at this OMice. Dally Edutton, parst-pald, P vente cers ecesssereseeS13-OO Porte of year at same tate, Aatlod ta guy adders FOUN WEEXS for. 1.00 aunty Paitig: id Helle) pai tod my. pat tha Petene iat Dcente nyens, whieh we will prepay. Npecimen voyd: # aunt treo, ‘Tu prevent delay end antataker, he auro and give Port-Ofico addreu in full, including Stateund County, Remittances may be made etther by draft, expreaty Foat-Offico order, oF In registered Jesters, a: our tule TERE TO CLET RUIECRTBEUS, Daily, delivered, Sunday oxcezted, 25 conte per week. Daiie, delivered, Surtay included, 3M ronte per week. Addrers: TIE TRIBUNE COMPANY, Coiner Maciecn arsl Dearlarn-slts, Chicago, ML, peannenr ee AMUSEMENTS. MeVICRER'S THRATEE—Maligon treet, between Dearlorn snd State. Engagement of Jubu MeOullougd, * The Uladiator, WOOD'S MUBEUM—Mouroo atroet, Letween Denr- born andl A Afiernoon, *Zast Lynne.” Eventug, “Led Aatray. HOOLEY'S TMBATRE—Randolpb street, between ‘ivrkand LaSalie, Engsgement of the California iinetrela, ADELPML THEATRE--Destborn atreet, Wouroe, Variety performance, UNION PARK CHURON—Concert by the Thomas corner McCONMICK HALL—North Clark etrect, corner Unis, Lecture by Victoria Wendnull, Subject: "Tue True and the False, Soviaily.” ORSENTAL LODGE, No. 5 Temmunteation. this (Fridevt eventog at TU a’lock, vor busiuesa, By order of the Master. = HN, TUCKER, Ser, te WASHINGTON CHAPTER, No. 43, R.A. Mi ~Th ‘ar convocation this (Friday) even! 10 iene and work on ibs Baud Degrees, | Viste Jompanions cordial; invited ariter ors CHAS, J, THOWBRIDGE, Bec, i en praeced (C bina, diph= 4, Mauvtage aan, Kota Uy ie; nud alt the avead 1 terle, nud ait visca's i Wired ‘only bp ay ds Wilbor, Chenit, druggists generis. The Chieagu Gribune. 3, A. Fe and A, M.—Stated t THE CHICAGO TRIBUN FRIDAY, OCTOBER 15, 1875. 1 Cattle were in good demand and were firtn, ‘ Sheep were quiet and unchanged, at #3.C0@ One hundred dollars in gold would buy in greenbacks at the close. The news of the Ohio olection wae ro- ceived with great satisfaction abroad. The {1 London, Paris, and Berlin press of yesterday were ttnanimous in their approval of the Re- pullican triumph in the Buckeye State, Bo- hind the Loudon press ia Lombard streot, and bebind that is the money-market of tho world. Lf Ohio had been cupticed by the aintion Democracy, our national bonds would have come down with a vin, Wheu the nation indorses, next November, the ver- dict of Ohio in favor of hovesty and against repudiation, partinl or entire, wo can neyo- tinte n 4} or 4 per cent bond abrond, fund our securities benring higher rates of interest in this, save in thin way some tuillions of dollars ayear, and thus practically renlizo that hou. auty ia the best policy, At yeaterday’s meeting of the Committee of the Convention of Iast March, helt in the interest of the Rock Istaud & Hennepin Ca nal, on entnest discussion was had relative to the measures and nicans best calculated to promote tho success of the effort to secure from Congress tho appropriation necessary to construct the vanal. The cost of the work is ostimated at from $3,000,000 to 34,000,000, but little more than the Stato of Wlinois has already paid to enlargo the capacity of the Illinois & Michigan Canal, which would serve as tho eastern continuation of the Rock Island & Hennepin Canal, The latter project has been conceived in the in- terest of cheap transportation, by furnishing n direct water route from the Mississippi to Luke Michigan for the ogricultnral products of the Northwest, and the movement in be- half of its construction bids fair to attain to such proportions as to reesive favorable con- sideration at the hands of Congress. INFLATION AND SUBSIDIES, In the statement of the public debt issued by the ‘Treasury Department, Oct. 1, 1975, thore is given the figures showing the amount of bonda issued by the United States to the Pacific Railroads and the interest thereon paid by the United States as follows: Friday Marmimg, October 15, 1975. Greenback nt the New York Gold Exchange opened st £53, rose to 854, fell to Sd}, aud slosed at 354, Tho Republican Central Committee bon is- med e call for a Republican County Conven- tion to Le held uext Tuesday, Oct. 19; also sppointing the places for holding primaries Houde traved.... se. Titerest paid by nites Lites sat accrued, uot p. 623,612 a $97,399,107 Theso Londs had thirty yenrs to run, and Total. .eseceseeesee have been iasued about ten years, The Railrond Companies have failed to pay the interest, sive such as have been deducted fvom the charges for transportation, leaving due to the United States for interest about $23,000,000. LUstimating at the same rate for the next twenty years, when the bonds tor tha election of delegates, Our dispatches from Ohio, giving the cor- rected figures of the vote in all but one county, effectuelly sct at rest all uncertainty ag to the result of tho clection, Harry’ wajority will vot vary far from 3,300 cither way, aud the Republicana secure a majority of 17 in the House and one in the Senate. —<— Throngh the New Ozleans Cotton Exchange atrongements hare boon perfected for com- piling cotton ¢tetistica through the various Exchanges in the Southern States. Tho re. port for September shows that wot weathor has been the cause of delay in picking and damage to quelity, and the total crop now out of dancer from frost is estimated at from 1 to 20 por cent below that of 1874. Itis belfoved that the forthcoming report of the Curnmittce appointed to investigate tho Manse charges will exoncratoex-Seere tary Derano from any knowledge of or complicity in tho Indian fiwuds, but wiil condoan tie preseat system of contracts, supplies, and an. nuitica, suggesting the assigument of army ollcers to uty ns Iudian Agents, though rec- omutend'ng the retention of the Bureau of Indian Afsirs within the supervision of the Taterior Department upon a plan similar to that which prevaiied prior to the appoint ment of the Vaca Commission, Mertion ia rosde in our St. Lonis dis- patches of aschemo of tho infintionists to buy out tha New York World and convert it into arag-mcrey organ, in tho interest of Cosstoporr Garnwox, a Gotham capi- talist, who hes Prcsidential aspire tions, and who flattern himself that the control of the World would help him into the White Houso in 1876 n3 the Democratic candidate, Tt in uid that he ia willing to give $300,000 for the nowapsper and the Presidency, but can't sce his way clear to go ns high o5 $700,000, the price asked for the journalistic part of tho thing. If thera is avy truth inthe rumor ut all, it indicates o clear case of more money than braings, for the scheme lacks a vital requisite of oricceas, aud ono which ail of Ganntson's currancy cannot compass so readily, viz: tho yotes of the American people, Tho primary elections for the choise of delegates to tho Cook County Opposition Conyeution took place yesterday, With rave excoptionsa, the liat of detagates is mode up of People's Party sift-raf of the most pro. nounced bummer and loafer type, and the number of respectable, tax-payiny citizens ix found to be remarkably small. Tho Con. vention haying been called and tho ildlegations spportioncd for the speciile purpose of nominating Mr. Hrsrxe for Coun. ty Treaaurer, the result of its deliberations,” 60 faras that part of the programme is con. cerned, may bo set down ag a cut-and-dried, wecomplished fact, But when it comes iv the remaining nominations, speculation in useless ; bazyain, sale, and purchase will sct- tls the question of success with the scores of become dne, the outlay by the Government will bo; Principal of the bonds, 764,623,000; interest, 369,000,000; tatal, $133,000,000,—to secure which the United States will hold a second mortgage on the railways. It is safe to say that the mortgage will be valnelesa, and that the $193,000,000 will be a gratuity to the Railroad Companies. Ever sinco the successful swindle per- petrated in this ease upon the country there have been persistent and pertinacious efforts to draw Congress into repeating this subsidy oporation in behalf of other railrood and other internal improvement schemes, The Northern Pacific Railroad, which at precont issuspended, expects a money subsidy, usdoes Col, ‘Yost Scorr forhis Southern Pacific Road. ‘Tho latter scheme socks that the Government, shall guarantee the interest on the Company's bonis for forty yenra at the rate of $40,000 per mile of railway,—tko railway to be some 2.100 miles long. But there are other works of internal improvement for which contract. ora and fobbore cro waiting, some of which, and tho amount asked of the Government, nity be thus utara Improvement, Bulaidy gated. Northera Pucifie Railrowd,.... $ 6,000,000 Sonthern Fscifio 00 New York & Erie Wy Guna River Klsck wi 45,0.0001 Juines River & Kanawi "«8)400,000 Atiautic & Weatera (Georgia & Teunesazo) + 60,002.40 0,090 vnon 050,00 20,y02,UL0 ‘Totsl subatdiss.,.... + 2 408,006,000 Moro iy aa immediate market for au issue of $400,000,109 of greanbacks jnter-converti- blo with 3-65 bonds, Thw distribution of this amount of leyal-tonders would not only make inoney plenty, but as cheep as the most dis- houcst bankrupt might desire. It would bo so cheap that there is no rca,non why Jay Ceockr, Duxcay, Surnaax & Co, oud Hzexur Crews might not be able in a ghort time to pey all tieir debts at par in cheap legol- tondors, .Tho debtor whose offer to poy 20 cents on the dollar to his creditors las been refused could then pay his debts in full, and save money by the operation, Hore is really tho moving motive of the Ohio Ning in their demand for inflation. Subsidies ara the ob- ject sought, with oll their gorgeous plunder, ‘fhe Union Pacific Railroad Company paid for the construction of that road $93,546,000 to the Credit Mobilior Company ; tho Crodit Mobilier Company paid for the construction $50,720,000, shawing n pwoit to contractors of &3,500,000, or more than 80 per cent on its expenditure, But thu prinis cost of theac improvements will not bo linited to $400,000,0U0. Assum- ing that the work proposed can bo done at the present value of money for the sum pro- posed, it will be impossible to do so if tho money shall decline, au it certainly will, upon inflation, The passage of an act of Congress Lvoporing even the beginning of such a scheme of gubyidies, together with an infle- tion of the currency for that purpose, would lunvo the affect of putting greenbacks ot 40 cents on the dollar, and of destroying the credit of the Government. To go on with greedy ospirants, and uuluss tho peoplo by their votes at the polls in November order it othorwiso, the tax-paycru’ monoy must Onally foot tho bills incurred in the shape of Con- Yeution and clection * expenses.” Tho Chicago produco markots were ner- vous aud uusettled yesterday, Mess pork waa quiet ond 200 per bs) lower, closing at $22.40 for October and $1.35 seller the year, Lard was dull and unchanged, closing at $13.30 per 100 Ibs cash, and $12.00 scller the year, Bleats wera quiet avd casier, at 6G 9e for summer shoulders (boxed), 12!¢ fur short ribs do, and 12%@13o for short clear do. Highwines were moro active, and 4c lower, at $1.19) per gallon, Lake freiyhts were ue. tive gud steady, at Jo for wheat to Buffalo. Flour was in light demand oud steady, Wheat was active and lo higher, closing ot $1.16) cash aud $1.08} fur November. Corn was in fair demand, aud jo higher, closiug weuk at SUjo cask, ana b3fe for November, Oat. were quiet and jo higher, closing at 8330 for Octuber aud 3230 for November. Ryv was wteudy at 72}c, Barley was active and easier, closing at 900 for Octobor and 810 asked for November, Hogs were sotive at 60 deoline, with most of the trading at $7,5007.00, the work will require, therefore, n large addi. tion of money, Nono of theso water-routes will of course over pay the expenses of operativg them, and they must Le maintained by the Government, There will not bo tolla enough collected on the Ohio River ioprovemuut, Janes River & Kanawha Canal, ond the Atlantic & Western Cana) and Tennessev River improve. ment combined, to pry thu wages of thodraw- tenders. It costs 40 per cont of all the earn. ings of the great Erle Cauu) to pay for ordi. nary repairs, and it will take ten or twenty millions a year appropriated from tho National Treasury to keep theso 2,000 miley of canaly in ropair,—oponing a new mine of plunder for the contractors. Tho history of tho New York canals shows that of tho mill. ious expended for repairs ot least 60 per cent have beon deliberately stolen. ‘Tho election of ArzEn ag the precursor of a gruud scherme of internal improvemeuts run. ning high up in the hondreds of millions, and offering rich bribes to corrupt Con- gresses, was a part of theinflation job, Con- groas was to order these izamenae works, and the supply of groenbacks was to be ‘made aud kept equal to tho wants of trade.” In the defeat of Azz ad bis covrup? and dis- business, ng well as the proposed inflation of the curroncy. The one waa dependent on the other, and it is Biting that they both should be buried in the same grave. CONFIDENOR AND CURRENCY, Tho intinence of n settled financial feeling on the part of a Goverument upon the national enrrency lias been atrikingly exem- plitied by tho recent history of France, —Im- meiliately after tho Fracco-German war, the paper of the Bank of France, which was then ata discount, was contracted steadily and greatly, ‘This brought 16 quite nent par. Refore it Lecame equal with gold, however, the general uncertainty about the future of nee, and so about tho futuro financial policy of the country, shook popular conti- dence and eaused sumo stight fuctiation in the purchasing-power of the currency. As svon as the Assembly adopted tho present Constitution and insured astablo Government for at least a term of years, publio confidence revived. Nobody had doubted the ezpe- diency of a speedy return to specio payments, but its possibility was supposed to depend upon the establishment of some fixed form of Government, When this was decided upon, thou the paper currency nt once rose in value, Tt is now at par, Ithas been brought up to this by the force of two facts,—a steady con- traction and a known intention to resume specie payments ut the first possible moment, Ata recent banquet in Paris,,tho Minister of Finance, M. Leon Say, while speaking of tho mloption of the Constitution, said: “That memorable act was received by tho wholo uation with n general feeling, of confidonce, ond visible symptoms testify to the ef- fect of this contidenco upon the pmdlic wealth.” He went on to say that gold was already circulating in the country, and that the vaults of the Bank of France wero fall of ballon, “From the day on which the defini. tive Constitution was voted, so real an im- provement became apparent in trade that the equilibrium of the Budget, which had been vainly sought previously, camo about, so to spenk, of ituclf,” The taxcx have sinco yiola- ed $16,000,000 more than their estimated re- turns, Trance is again thoroughly pros- perous, ‘Phe lesson of these facts ia plain, If wa will do as France has done, wa shall alyo get back 10 prosperons times. THE THIRD-PARTY MOVEMENT. While the defeat of Anen in Obio has un- questionably weakened the polition! strength of tho repudiationists everywhere, it hay not convinced them of thoir folly, 1t will turn ull tho doubtful voters over to sound cur- rency. It will throw those Democrats in Ohio who ara in favor of hard money, but voted for ALLEN bevanse he was tho Demo- | eratic enndidate, on the side of the Eastarn Democracy. St will strengthen tho hard- money sentiment among the Democrats everywhere. But there aro atill Inrge num- bers of Democrats and a fow Ropublicaua who will insist upon fighting the Ohio issue through the Presidential campaign. ‘Iho re- pudiationists and dilutionists consist smainly of two classay,—a set of bankrupt specula- tors whose only hope of solvency is in the privilegs of paying their debts at 50 eents on the dollar, and the worl aud igncraut people whose dishon- est predilections naturally lead them to credit the specious falschoods abont ‘cheap money.” The vicious and tgnorant people ara unfortunately numerous enough to keep this currency isrue alive during tho next Precidential campaign, and thie cireum- stance may produco some curious political combinations and complications, The Cincinnati Enguirer ia tho moat con- spicuons organ of the dilutionivts, and it is atilidedant, Its utterances on the day foi- lowing the Ohio olection, and when it knew honest backers will perish the entire aubsidy { Democrats when it wad already iu their poe ciation over whiuh Brapiavon presittes, con- taing the following confirmation of this dec- laration : ‘The innd-question ia the question of questions; I will tnke nny menus, fair or foul, in order to attrnct attention to it.” ‘The morality of this may bu decried, but not its deadly earncrtnens, a cee STANLEY'S EXPLOHATIONS. ‘Yh oxplorations of Braxtey in equatorial Africa hove thus far bocn crowned with very romarkablo success, In point of health and strength, in securing the friendly offices of tho mutive tribes and keeping on the good sida of the petty chieftains who ‘groatly abonnd among tho Nilo lakes, and in sup- plying himaalf with provisions, he has been very fortunate, Jndging from his lettors, in- deed, thera is overy roason to believe that he will before long solve tho mystory of the sources of the Nile, which Livixastoun so neatly had reacked when death ov ertook him. The scheme of Staxney's explorations om- braces threo great objects, ‘Iho first of theaa ins thorough oxploration of tho great lake, tho Victoria Niyanza, originally discovored by Srexe ond Granz, and supposed by them to bo tho main fountain head of the Nile, A portion of the work has already been session a by large majority, it is not likely that the iniintion and repudintion doctrines will prevail in the Democratie National Convention; and, if ther do uct, the inflationista and repudistionista will ret np a candidate of their own, ‘They may find some recruits from the Republican party, —ovongh, periiaps, to warrant them in divid- ing the tickel,—aay Pesnnetow for President and Pistsirs for Vice-President, or ALLEN and Kenny, There is no probability that the soft-moncy Demvcrats will give up. 'Thoy fought out tho issue stubbornly in 1868, and were de- feated ; they will do it again in 1876, and will again be defeated. ‘Their chnnees of scvess are lesa, however, now than they wero in 1808, for there wan then no split in tho Demoeratis pasty, But next year the hard.money Democrata will decline to share the disgrace of the movement withont any prospect of suceess, ‘They will make tho repudiationiats boar the brunt of the defert, and so disposo of them once forall, ‘The fight for honest money wilt not havo to bo made agnin for at least another generntion. WHY GREENDACKS ARE AT A DISCOUNT. suttt eton tot the teat-ieuder cote of te United | aecomplished. Ilis letters, which have tates Guvorument ato selling from 16 to 17 per cent " P Tne sao discount in not that the people of this country have es i ei ia, Eng | a he loss coufldence tn the fuith of the Government ana | deseribed voyage upon tho wa their revources than haye the French with regard to their Government; it {s Tecan in this country our paper Ie not a full legalten-er, [Applaane,) Noman carries or expects tu teceive gol to pay adebt; gold ts virtually demonetized, Yet when you goto tha Una- tors of this unknown son from Kagebyi on tho south, 1,000 miles, or nearly two-thirds of the way round it, ton kerge island off its northwestern shore, From this point, for that it had beon dofested, indicated a decp- yooted dytemniuat.on to keep up the siruggle at all hazards, It charges Anbex's dofeat ‘argely to the Eastern Democracy, and soys that “the wealthy Democrats of Naw York contributed largo sams in behalf of Harcs and against the re-ulection of Gov, ALLEN.” It then refers to the words of encouragement reveived from Republivans like WesveLn Varniirs, Wintrast D. Kerrey, and Brn Berixs, and thon adda with peculiar signili- cauce: Wu aro but in the beginning of a new era of Amerl- cau politica, Wa havo iuangurated, only tnaugu> rated, tho Agut of the oppressed magecy, of the tax bayer, agoiust the privileged classes that are repro sented by Nutfonal Banks, gold-bearing bonds, end gold yaiublora, It is vot to be wuppored that such & powerful combination can bo cuppressed and brought ty tetins by tho reault o¢ a single election, lot it La what {timy, ‘he people who have engaged in this struggle bave enlisted for the wor, They kaow it may Delong, snd ora certain it wilt by deaperately cunteat. cd... © What fa called the greenback movement {aoe certainly doatined ta aueceed us thy other great questions which we haya aliuded ta abayo. 1t is only A quostion of time, The contraction of the currency will be stopped, ‘Thero will b3 an incrusse of it suill- clout to meet the demands of uusiness, The incroaso will bon Government legal-tendera, The National Bank notes will be reired, Their placo will bo sup- plied by areenbacks, ‘Tho deflonce breathed in this article of tho Enguirer's is palpable enough, Thero is also an affectation of confidence assumed by charlatans, or the genuine confidenco of fauatica, ‘The Cincinnati Enquirer does not stond alone, It represents a certain con- atituency in nearly every Stato in tho Union, insignificant in the extreme Esat and Wost, butstrongor in tho Middioond Southern States. Itisnot powerful enough to carry any one State in the Union,—forif the Dozmacratia ropudiationists could not carry Ohio undor the circumstances, they cannot hope to carry any other State,—but this sontimont is too atrong-headed and desperate to give way. ‘fho Laguirer forccasta tho situation when it BAYS + Tho ticket in Naw York, made by a junta of Wall aiveut bankers, upou a Natiogal Dauk platfocwa, would bo unceremoniouly kicked out by the Democracy of Lennsylvaula, of Olu, aud (he entire Houth and south- weot, No coustdurutton could induce them to touch it, ‘The meniu New York, csiling themselves Democrate, who have exerted their iptluonce to beat Witntaa Aze LEN and the Deuocratle lickut in Ohio, aro the worst tnemies of our orgenizativn, They have dug a pit be- twcon them and (be Democrscy of this portion of tho Unicn,—a pltus wito and impoasablo op that which separates Divse from Lazanus, Woe only know the mictives of their leaders to Lato and execrate them and to pray for their dofeat. What ix tho.result? Just what the Now York Hvening Post predicted several weeks ago, Leforo the result of tho Olio eluction could be guessed, viz.: ‘Lhe Democratic party is aplit in twain on this currency question, It has long been ovident that, if the repudiation doctrines of tho Ohio Democrats provailed, tho Democraty of New York and of the Eastern aud New Eugland States generally would not go with thom. The Lnguirer now givos no- lve that the repudiation Democracy will not yield to the hard-money Democracy, This aneans that whichever sentimont may provail in the Democratio National Convention, the counter-sentiment will insist upon going be. fore the people on ite own morits, ‘Iho breach bas come, and it will probably grow wider inatend of amatler from now of, While badation has lost the State of Ohio Ww the tom-Houte to pay duties, greenbacka are repudlatad, Tou. the grectiback i made a thing of spoculation, Wo take the above from Mr, Ketiiy'a Now York speech. Mr, Kenney and his associates all know very well that the interest on all the bonds issued by tho Government is, by express provision of law, payable in gold. 6n that point there is no controversy, ‘The Cov- ernment, if deprived of the gold revenue from customs, will either have to abandon the pay- ment of interest in gold, or sell its greenbacks for gold with which to pay tho interest, Which of these alternatives Mr. Krnuzy pro- poses shall be adapted, he has not disclosed, If the payment of interest on gold be aban- doned, then the Government may dispense with gold revonue from customs. But if the interest is to he paid in gold, then it will bo no relief to the country to collect the revonne in greenbacks avd then purchase gold in tho open market, ‘The fact that tho Government is not de- pendent on the market for gold, and that it always has a surplus of coin on hand with which it may crush any combination of spec- ulators, is all that protects the greenback from frightful Auctuationy at the mere will of Wall street brokers, But even if we should go so far asto ro- pudiate the pnyment of tho interost in gold, and dispenso with the use of gold for that purpose, we still will want whatever gold is necessary to pay the differences between tho gold valne of our exports and the cost of our purchneos from other nations, ‘The supply of gold for this purpose would be com- paratively sinall, and alt other gold, uot be- ing needed, would go whero it was needod. Tho amount of gold being small, the op- portunities to corner it and run it up to high rates wonld be inereased, end after all the value of the greenback would continuo to be precisely what the holdors of tho gold would consent to pay for it. ‘The valuo of groon- backs, no matter haw smaller great tho quantity of gold in the country, must remain from day to dsy at tho exact sum at which thoy can be converted into cain. BRADLAUGH ON ENGLIBE LABOR, A great difficulty in the way of evory stu- deni of social science and every would-be re- former is to ascertain the exact nacds of tho classes which any reform must mainly affect, What do the workingmon really neod? Is their condition better or worse than it has been 2? Questions like these are not easy to answer. After all possible statistics have cen compiled, one important element in tho answer in still Incking. ‘This is the opinion of tho men most immediately concozued. ‘They will not, 6% a rule, give this to apy one belonging to 9 ditferont clase. It muat bo gicaned from their conversution with each other, from thoir infrequent writings, aud from tho raro utterances of the very few mon who have a valid claisza to represent thom, And in all this gieaning duo allowance must be maido for the inevitablo exaggeration that marka the spoken or written statement. of a grievance, We published, a fow weeks ngo, an inside viow of tho cuadition of labor in France, based upon na careful compilation of tho reports made to tho Fronch trade. unions by their delegates to the Vieuna Ex- position. It was gratifying to note that theso reports, as a rule, strongly indorsed tho arbi- tration of disputes between masters and mon, condemned strikes os injurious to tho strik- crs, and recommended the gradual abolition of tho wago-system, not by revolutionary measures, but by the co-operation of tho prosent wage-earnory,—and that without the help from Government which has been fatal to so many French co-operative enterprisos, Mr. Cuarnres Brapiauan, in a recent Jetter to our Now York namesake, has given a some. what similar view of the condition of labor in England,—similar in its authority, for Burapuavon's claim to represent artisan son- timent in Great Britain oanuut bo deniod, and in its sonse, some regson which does not yet appear, Strancey seome to have retraced his course to Kagehyi, loaving abont one-third of tho shore on the southwest unexplored, His next let- ter, however, will probably give us the ro- mainder of the exploration of the Victoria Niyanza, or it may bo that ho has alrendy written letters giving the result which have not arrived, ns it is ovident that there are gape in his correspondence. Stanvey is not a vory graphic writer, and gives little atten- tion to detail, but there in wuMlcient detail in his descriptions to show that the region ho has been exploring is very fertile, ond that tho great tracts of country inhabited by the savage tribea are rich in products of the soil, and espocially abound in cattloand elephants, giving great mercantile promise for some futuro time, One important result of his oxploration is his discovery that tho lako isn grent open body of water, instend of a sic- cession of little lakes, ss Srexy and oven Livinastoxy thought, Stanvey's second object is n thorough ex- ploration of tho other known fountain of the Nile, the Albert Nyanza, lying northwost of the Vietorin Nyanza, and connected with it by tho Viotoria Nile. Tho Albert Nyanza was discovered by Sir Samrven Baxen, but ho explored it only about 100 miles south from ita outlet into the Nile. Tho tribes occupy- ing the country between the two great lakea have already been pacified, and have such # hearty fear of tho whites that it is not an- ticipated Brantey will have any difftculty in crossing it, His success in exploring the Vic- toria Nyauza, which is much largor than the Albert Nyanza, is n good omen for success in exploring the latter. If no misfortune shall overtake him, {his exploration will solve the question of s connoetion between the Albort Nyanza and Lake Tanganyika on the south, which was the grand theatre of Dr. Livina- stone's operations. The third and last ob- fect of Stanner is to pluck tho mys- tery of this anganyikn basin, which undoubtedly Lrvrvastonr would havo solved had not death overtaken him. In pursuing his way westward from tho ‘Tanganyika, Dr. Livincstoyg found that tho great system of Inkes, vivers, oracka, and springs, north of the Lakign Mountains, which undoubtedly constitute the water-shed of tho Nilo, drained into the Lualaba and Lomame Rivers, and that those rivers in turn flowed into a great river suddenly cut of In an unknown and unexplored region. Dr. Lrvinostonz firmly believed tint this wholo interior basin, with its complicated web of lakes and rivers, be- longed to the Nile, and te salve this mystery is Stancxr’a poramount ambition. If le can definitely establish the fact that the great river formed by the Lomamo and Luataba flown into the Nile or into the Albert Nyanza, thon the whole mystery of tho Nilo source is aton ond. Not only this, but he will also establish the fact that the Nile is the longest river of the world, and thus revolutionize geography os he how already revolutionized the provious discoverios of Srrxr, Gaant, Lavrnasronx, and othor explorors, In this great work, the gallant journalistic explorer will have the goof wishes of thy wholo world, Ho has proved himsolf to bo a skillful, patient, persevering, plucky explorer ; and, when he has succeeded in rooting out tho tysterics of tho Nile fountains under tho broiling equator, wo suggost that the Herald noxt give him a chanca in the Arctic regions, and seo if he cannot read the scorots of tho Polo. Acorrospondent writing from Oryatal Lako, McHenry County, in this Stato, incloses o uhinplaster, which is in the following words and figures: (ag) * ChyatTaL Lanz, Fob, 22, 1875. For value received, ‘Tax Onretar Laxe Proxima & By induatry we Paoseznvina Worxs (Vignetto.} Wx, Ancitpeacon, Presidont, thirty years. Both ogree (hat the condition of the wage-earner has improved. Ho has better means of education; his organizations extend over all England and ore ull ofllinted with each other; his representatives in Par- Jiament have secured tho pausago of somo needed laws for his protection; and tho agi- tation in his behulf was never as persistent or as intelligent as itis to-doy. Ho displays a growing fonduvas for arbitration and dislike of atrikos. He has cordially espoused co- oporation. This theory hay had “its grand successes and ity partial failures,” and tho formor outnumber the lattor, ‘Lhe fansibili- ty and profit of distributive co-operation iv ® recognized fact on English goil, ‘Tho whir of thousands of co-operative looms speaks well for productive co-operation, though the collapse of the Hrtags industrial partnership aud the failure of the Ouseburn cngine works aro iniportant counter-facts, ‘There is a strong movement to colonize En- glish workingwen on English soll inytead of diiving them to foreign lands. Prof, F. W. Newwan ig at the head of this, but its se- complishment will involve “an elmost en- tire change in the English Jand-lawa,"” abd this, it is needless to way, is an almost super- humay task, Mr. Braptavon cloucs bis let- tersith this significant statement: “It is recognized in Great Britain that the land- question {a to be the most prominent in de- tormiuing the future of our labor movement.” A private letter rogoived yesterday from an Mngluh 6 Vios-President of am asad. __ ‘Tho tondoncy of tho wages of skilled labor } urge Wil pay to Daaror io mere in England, according to Mr, Brapravan, is |; Figure chandise at thoir store, downward, Guapstonz has recently ald |: { Dee tito. ‘Twenty-five Cente, that wages have rison more than prices within [| ““—~~—- Ourcorrespondent says that these worksem- ploy mauy hands, paying them poor wagos, and pay them in the kind of serip inclosed. As thia sorip is not reccivable elaowhere, tho holders have to take thom to the Cotopany’s store, where they ara cashed at a discount of from 10 to 6@ per cent. Wo trust the state- mounts mado by our correspondent aro oxes- gerated. ‘Tho shinplaster is about the size of tho 25.cent fraction curroncy, and is Vithographod in two colors. In tho meantime wosuggest that persons issuing or passing such scrip are Hable under the law to heavy poualties, Beo, 64 of the criminal code of this State reads; Whoever issues or passes any nto, bill, order, or check, other than foreign Ulls of axchauge, (ha nutew or bills of the United States, or of avme bunk {ncor- porsted by the laws of tale Stato, or of the United ‘Blates, or by the laws of sither of the Britiuh Pravinced in North Americs, with intent that tho amo shall be circulated sa currency, sballbe Sued not lece than $100 nor more then $1,000 for carh offense, and shall not be peranitted to collect any dumend srlsing there- from, ‘Whon the two great wingsof the Presbyterian Oburch united, three or four minor Proabyte- rian socta wero left out in the cold because thoy wouldn't come in, Oneof these was the Reformed Church, which has one distin. guished member, Mr, GrozoxH, Srvanr, Pres- ident of the Sanitary Commission during the War, Tho oreed of thin sub-seot requires be- Berets in tb to slag otly the bonge contained in one porticular book. Wedonot know who owns the copyright of this book. The know). edge might expininthe fect, But Mr. Stvanr was wicked enough tosing Rock of Ages” and “* How Firm a Foundation ” and various other hymna which are in the Index Expurgatorious of the Reformed Presbyterian Church, He waa ncoused of tho terrible crime, tried be- fore the General Synod, convicted, and suspended from the Church. Threo congre- gations in Philadelphia stood hy tum and sang the songs he did. ‘Then tho Goneral Synod excommimnicated tho threo or took como awful ecclesiastical vengeance upon them, and proceeded to seizo the church-propecty awncd by the three, The case hax beon dragging through (he courts for seven years, It hnd been appealed from one to the other, and tho Suprema Court of Vennaylvania has Just decided against tho Synod. Mr, Sruanr ean hereafter sing ‘Rock of Agea” all ho wants to, without being robbed of the prop- erty ha has consecrated ta religious ages, ‘Tho result of tho trinl. mny bo of somo intor- ast to the mediaval editor of the Jnterior, —— ee In forecasting the formation of a greon~ back party, in caso tho hard-noney Demo- ersta shall control the next Democratic Na- Uonal Convention, tho Cincinnati Eaguirer says, among other things to be accomplished, that “tho bonds of the United States will be taxed by tho Federal Government as other property ts tared.” This ia what may be called tho lie inferential. Tho Znguirer ahould give a list of tho ‘other property” of individuals which the Federal Govern- mont taxes, The Government levies exciso dutios on whisky and tobacco, but the bond- holder paya his tax when ho takes 4 drink or smokea a cigar ns well as tho non-bondholder. The Government also lovics custome duties on imported goods, which the consumer pays whother ho owns United States bonds or nat. But what ‘other property" is taxed by tho United Stutes Government, which war- rants the Jnquirer's inferenco that thero ia an unjust discrimiuation in favor of those holding United States bonds? Does the Government lory taxes on houses, or lands, or horses, or cattle, or railroad atocks, print- ing-oflices, or any other class of individual property which would warrant a tax on United States bonds? Would it not bo on absurd discrimination against itself, and so against tho peoplo, for the Government to tax its own securities when it taxes no other kind of property of individual ownership? The proposition haa been discussed too often to justify going over tho ground in all phases of its absurdity, but the way in which the Zn- quirer puts it is worthy of notice os an in- atanca of the usual deception practiced by tho repudintionista, ————__—= Yho New York Herald has printed ono yery healthy oditorial upon “the ganibling spirit,” and makes a local application of it to New York in the following vigorous donunci- ation of Wall street: ‘Wall stroot is no longer governed by honeat business mon, but by gamblers, Good, true values are no longer bought and sold, On tho contrary, wo havo puta" and “calls,” The Nteraturo of Wall treet ta tho Htersturo of gamblers, A “put” is as much o gambling cxperiment a8 » gamo of foro or rouletto, Untit there {4a burning out of those interesta, und a thorough cleaning of Wall atroot; untl! men like Jar Gourn, who hava neither conecionce nor humanity, aud ‘who are var} {res upon the business Interests of New York—nntil mou of this kind, with thelr pretensions, thelr frauds, tholr achemos, their infamous trifing with the public credit, aro driven out of trade, we abnll have no honest, healthy business prosperity, Thero 1g a world of truth in this nutshell, and the sooner this truth is recognized and put in practice the bettor will it be for the country, The Herald is entitled to credit for sending this bombshell among tha Wall stroot gamblers, The sinking of the magnificent British ahip tho Vanguard has neou followed by the usual searching inquirtes ac to Uo chudos of tho dis- geter; but the results arrived at, in tale Btatico, are pot outircly satiefactory. Tho court mertial laid tho chiot blamo upon tho officers of tho Vanguard, and dirinissed the commandpr of that vessel, Capt. Dawxryu, from Her Majosty'a zotvice. Bevornl othor ofiicers of the Vanguard wero suyoroly reprimanded. The findings of tho court-martial thua fer were leartily sustained by prous aud public; bnt a6 regatda the Iron Luko's share in the accident, tho decisions of tho court-martial, reported by cablo yesterday, are not 80 setisfactory. Tho Admiralty minuto oxonorates § Vico-Admirat Taneton aud Capt. Hicknry, and diemisaos Liout. Evans. Tho lending Britiah fouruala taka sorious excoptions to thia finding. ‘hoy intimate that the Admiralty has shown lonioncy to the high offcors, and made a scspogoat of the Lioutenant. If these intimations aro fally borne out by any further developments, Mr. Disuagur's Government, ond especially Mr. Wann Hunt, will austain 9 shock olmost ay serious as that which followed Mr. S1amsout's doflance in Parliamout. ‘The orror of tho Government then aroxo from bed judgment, but If thore haa been any injustice dono in tho caso of the oficora of the Jron Duke it was probs- bly due to bad intention, At any rate, the Britles poople will not reat oasity nutil subatau- {ial justice 1s done. Thoy soom to foel that it ia bad enough to lowe mauy million dollars through tho faulty construction of iron shipe without having discrimination shown in the punishment of those immediately reapouslble for the loss of the 22,000,000 Vanguard, Ex-Goy, Fen7on will tako the stump for the Ropubtican ticket in NewYork. Tu blu lettor ac- copting tho iavitation of the .Chairman of tho Republican Stato Conveation to do so, Mr. P'zn- TON ututes with admirable precision why bimeolf and other Liberals aro making haste to got out of Demooratic company, Hv nays; ‘The Liberals aoparuted fram the Mepubtican orgent- zation, ub because thoy were any low uttached tu {hat aepulilcan principles, but because thoy belisrad tte fdwintetrution vusate, aud tat i was unfaithtud to tho earlier ataudards of the party, Btuch of what they Velinved nid auacrtad haw wince been conceded, It hurdly ndiuits of a doubt that thia party wustalued de- feat laut year becaune tho poopie were at tant fropationt, both with Hs practices and ite predominating {uf thees, The consuquent wuccoss of the Democratic party waa iu ne mneneure baud upoo an opproval of ia recurd, por hes the tanner in which tf nes used tia vuccety, with sone exceptions, Leon raiculated to win the confidence of those wiv evzo inure for Root guvorptuent thun fur party. 1b canuot be disquimud that it has fod to the doveivpiwent of teudencios and Intiuencea which toonece the moult axcred interests of tea couatry, We lovk to Ohio oud fvunsylvania, sud ud that they ave declared o policy uf snfiation and repudiation which {8 a6 war with all honest tinaure, ind which propodos to continue Indatuliely, aud ning- hify fiamessusably, the avila of on frredecuiable snd unstable curreucy, This false poliay 4a indorsed by the samo party ia other quartors, aud it {a6 rious question whether 2b ia not the cread of wmajority, If H'Stoutd succeed in these Statos, it would Buquee- tlonably contro) thst party and thresteu thy country, and in auch a contest nu citizon who regards tho pul Uo welfare can hesitate, ‘Mr. Senaxant Battsntine, tho famous En- gists harrister, bas boen retsiued to dofend the man Wainwosaut, who 1s supposed to be the chief actor in tho London tragady yecantly un earthed, Now developments have Istely Leen mado in tho cage, and thore are now botweon thirty aud forty wituesses to bo examined. Tho evidonce soows to be ovorwhelmivgly agaivet the prisoner, aud it will tax ¢ho akill of the ad- yocate to the utmost to bring his clieut off safely. The most important witness found since the in- quest wa Dre. Wiruimonx, who was an inthnate Mend of Maxnzt Lang, tho murdered women, voth before and after sho became Wainwuiaut’s mistress. The other witnessos only corroborate the story already published. They show that the woman Laxz disappeared suddenly about a year ago, that sho waa living with Warmwatenr os bis milstrese; that a few weeks ago Wanrwiscnt, whe abou) edtesing a cad, called upon a boy to hold » pocaiiar package tox hira; that the boy, having his SUSEiCions aroused by @ strong odor and the uosual 9¢. tons of Waixwarrunt, directed the attoution of saveral polico oflcora to tho cab; that Wary. wirant'’s companion tn the cab, a wonan of bad character, was artested with the package in tot porseraion; and that thie packagu, when oy ea, was found to coatain parte of a human figs ura. Warxwntatt’s mottva for moving the body tn explained by tho fact that tho rhop tee neath ebich the body of the murdorad irl way burted bad been leaved. It was also shown that the remains of tho xlr) woro prosorved by the curious chemical action of chioude of ‘lim wbich was unod for tho purposo of dentroving tho tissue, but bad a directly opposite offcer, ‘Tho caso continue to excite tho dorpont jnen ont in Loudon, snd the detaits aro earolully watched not only by tha worbully envious byt atao by the mout intelligont aud caluvated peo plo of the Kingdom, rete Se ES If tho Infer-Gcean fuds solace in continning, aa it did yostorday, to oxplain away tio Dom; eratic dofeat in Uli, only ® romurkauly ay). disposed pereon can object to ita pursuit of hap. Pinead in that direction, Any numbor of the Anter-Ocean's four-column cditoviats wilt nop alter tho fact that tho people have royudiated tho inflation-repudiation schemo, nud that the rag-baby fa dead borond possibility of roaurres, on. But if the Infer-Ocean would smooth ity thorny path, it must lear that honesty ig tho best polley, aud uo longar practice concealmong of tho fact that itis the only Deiocratic organ in Chicago. Dicastngs sttond honesty; and, it honest, the Jnter-Ocean will bo blessod with, what it nover has bad, some influence. Theo too, ib would be saved from auch ludicrous ex. posures of ita alliance with tho Domozracy whits loudest proclaiming its Ropublicaniom ag jz made yesterday in the following, disclosing ity Intimate relations avd private carrospondonce with tha Ohio Democratic Committee: Atone time scaterday the Democratte Central Com. mittee were hopeful of ALLEN's election, uni ao:ne of them ati claim that ho will hsvo @ erualt nisjorty, ‘Yhe Chairnun of the Democratic Committee tee graphed to the {nter-Ocean at 1:10 mrniugs ' Hayse is protnbly elected by 2,603; the Leq'slutary fu close anddonbiful.” ‘Toe Republicans ad.utt tut majority will not exceed 5,100, {f indeed i st Ayure. pls During the recont Beecncn-Trton noplory, antncss, a largo nunibor of clergymen of the Vioinago, with their flocks, manifested an utter want of sympathy with tho suforings of che Brooklyn Laocoon ; and, at that timo, go tightly waa he clasped in the folda of tho giant sorpent of Scandal, that he bad n0 time to waste in any. thing elao thay attompts at oxtricacion, But, now that tho colla havo rolaxed aufiiciontiy ta pormit of connectod thought and utterance, Mr, Bexcuen is doing bis tevel deat to get evon with Dra. Cuvter, Buprvarox, et al. At tho last prayer-meeting in Plymouth Church, the pastor, in the course of his talk, touched upon the ofd- time Phariseoa and thoir ‘ modorn countor- parte” (meaning the anti-Dreenrn Christiana), aud thus oxpreased hia “truo iuwarduosa” in rogard to thom: ‘They wore plous (screwing up his f2ceto a knot a thaugi be deapwod the very thought of the neat hom be waa about to desert]; you, tiey were pry and mean, plous and proud, pious aud bitzer, plats and critically censorious, pious and ae burd-Leurted a5 fhodovlt” (Slight applstise,] Thia is an ‘outcome of inner hfe" tully es fervent as anything that ‘tho bird sung in ths boast” in the Elizabethan ora of oplatolsry highfalutio. ere We now know how tho Inler-Occan has beea foeling during the past two orchroo days, Wo bave hadealight attack ourselves, Yoaterdes rumor reached the city that the roturns from the backwoods townships in Ohio had elscte ALLEN, It sents colt chill through tho entire office, Eyory one was seized with an attack of ague. We bad it for a couple of hours, At tho exptration of that time, fuding that the report was unfounded, we recovered, and sro now co fortable and happy again. Tho difierenco be | treen ua sud the J.-0, people, horovor, is quits material, We suffered only two hours. The Iner-Ocean has boen suffering ovor since 9 o'clock Tnesday ovening, the only alleviation be- ing that while we woro suffering thovo to hours, the J.-0, was rejoicing and feellog os bappy a 4 clam at high-water. We commisorato the condition of the Domocratio rag-mouoy-in- flation orgau. It eucceeds as poorly in coucoal- ing ita mortification and disappointment at ths dofeat of ALLEN a8 wo should have bad in cou- cealing our real footings bad tho rumor of yos- torday provod true. ae ee A cortain carpet-bogger in tho South lately ap- ponded to hia namo tho toitials 7. M."— “ which is Postmaster.” He no longer, however, enjoya that broad privilege, having been re+ moved on tho ground that he was untit for tho place. Carching fire from tho inflammablo tone of tho society around him, be baa written and printed a letter relative to his deoapitation, is tho course of which he touches off the following verbal rockot ; It may be ible that Xara incompetent to do the low, inean, thy work of the Uitte bive-ballied Yankee, J2WELL. This yaluablo contribution to physiology. In making public the oxtraordinary color of the Vostmaster-Ceneral’s abdominal cavity, will un doubtodly attract tho attention of the modical profession ; but the groat mass of peoplo—thore who bavo little fnterest in sclonce—wil! ovoriook ths Important discovery in tho eurprise they will fool over the fact that the bahosded official has not yot called upon the Prosidont for mill- tary wssintanco to seinstato him in bis fortelted position. —_—_—.—_—- Tho Philadolphia Times, which hasn't, 80 far ag hoard from, yet succecded in digcororing itt position on tho currency issue, which 18 the main question in Pennsylvania, in s tone of despairing aupplication aske: WIL not men reasou?... Itis both just aod wise to do 40, for the obstinato maiutonance of a violent 7 sumption policy must, as urely as the nlp Y shal! succoad the day, result in the triumph ote violent {nfletion policy." While the Times mas about it, why didn’t it propound the equating of thecirela? Moen might ea woll reason about that aa about ‘the obstinate maintonance of sialent resumption polloy” wbich isn’t oud hagu't beou meintained, Porhaps, aince (he Ohio oloction Liss practically wattled tue inflation: ropudiation question, which i yot the isuae in Pennsylvaule, Col. MoUnone will n0w ‘pe able to apply his powerful mind to that. aed sh For somo timo past, Chinanien, in cousider able numbers, have been settling in North ap tralia, ‘The Europoan residents ad become gooil daa! disheartened over tho prowpoct : belug uwamped by thie Mongolian fmmlgrstlons but thor apirita haye revived a little ot ide owing to the faot that the aborigines havo ae oped « liking for Chinese flesh, and se oa ‘ busily engaged in dovourmg oil the Caletit whom they con get inte thele hands. Ass He ter of course, Caucasians everywhere will rele a over tho relief (hua experienced by their ee in Auarratin; but this rejoicing must be ieee pered by a footing of pity that the poor na havo euch 6 perverted taste in gastronomy tee preter yellow meat to whito,—thus oxprests in thelr tgnorant wey, the opinion ee ea ree lightoned Joun Santa ie, in one impo ree spect at lesat, tho inforior of the somil-bar AM-SIN, ae The Boston Post, the leading Deno organ of Now England, thus summary the war on the National Hanke out of the ala sachuaotts canvass: ‘Tbe bank question ‘ uo form before the people in thiv ear ae & question caunot io avy just senso ee political one, wave by the action of NARS : themselves, from which nothing of shis spprébonded." ‘The New York Tribune may pretty soe den moro than mere denial in dit the charge that it 1s indeed Jax Govtp's a Tt devotes s colusm leader to the support Records? Fa a eeding wo aave BOE BY