Chicago Daily Tribune Newspaper, October 20, 1875, Page 4

L TERMS OF THE TRIBUNE. AAYES OF RUBFCRIPTION (PATABLE T ADYANCY), TPontnne Prepnid nt this Offiee, Datly Fditton, poat pald, 1 FeAT.ceecvernieninnn R13.00 ¢ r 100 J.00 fi : .91.30 Ol aPen: e i 2130 R R A s B T The postage is § 0 centa a year, which we wlll prepay, Specimen copiq aent froa, Toprevent delay and mistakex, ks muro and give Post-Oftice addreas fn ull, {ncluding State snd County. Remittances may be mado eithor by draft, esproas, Post-Office order, or in registered Intters, at onr risk, TERAMS TO CITY AURSCRINENS, hlly, aelivered, Bundsy sxcapted, 23 cenls por week. Dasly, delivered, Sundsy (neiuded, 30 centd per Woek. Address TUK TRIBUNE COMPANY, Corner AMadinon 13d Dewrborn afn,, Chicugo, ik, pst ) T AMUSEMENTS. MeVICRER'S THEATNE--Mndizon strect, between Denrhorn and State, Engagement of Joku McCullougl, # dack Cade,” WOOD'3 MUSEUM—Monrve strest, batween Dear- Yorn aml Blase, ** A Dungerous Geme.” Aftarucen and evenlog. ADELPHT TREATRE--Dearborn etreet, rorner Bunroe, Variety performance, Afternoon and avening. HOOLEY'S THEATRE—Randolph strcet, between Clork and Lasalle. Eugsgement of the Californis Mimtrels, Aftcraoon and evening, ACADEMY OF MUSIC—FHalsted atreet, between Medisau sud 3ontoe, Eugsgement of Frank Mayo. + Davy Crockett.” Afioruoou and evening, SPRINGER'S GREAT SI10W—Corner Madison and Ellzabeth streets, Afterncon aud evening, "SOCIETY MEETINGS. GARDTN CUIT LODGE W1, A, T. and A, M.— A reguiar conaunication wili Le held at Oriental Uail, on \\\:dm:;iln_v eveuing, ll:'(i '.:2. ‘V'l\lt ('i:ll llhE RINEIA cl Viattlog Lrethren fraternady intital, Loy g o T HOLOOME, W, M. NESPERIA LODGE 1ar comnuuication Halrted-sla,, t THIRD DEGREE, UHAS. F, FOE Nty beir Lall, (Wednead Visiting L85 NUTICES FERING FOM au the varlong B AND ALL- IO ONI » con ack urapnration, Sauutaaturad o. Sold by all @ha Wednerdsy Morming, October 29, 1875. Chigngy Tribune, Greenheeks at the New Yok Gold Lix- shange yosterdny opened at 852 and closed at the twa extremes of the day. B lown is to bhave a Bishop, The siroug movewent of the minesity to prevent thie ouseerationof Dr, EceLrsron, who way clect- sl to the Episcopate at the last Dioceson Conveution, hns heen unsitecessful, a major- Ity of the Standing Comuittess having given Micir consent to his consecration, (toutrnetor McCany, who was numberad | wmong the sariously wonnded in the recent suengement hetwoen the Jed Cloud Investi- | gnting Cowrmiesion and the ludion Ring, | turentens to hecome a dbmgreealle invalid, He aceuses the Commission of huving sur- passed Prof. Marnan in relying largely upon hearsny evidenca, and promises to show wherein the report was weak, The Indinn yuestion i likely to claim tho serious attention of the next Congress, if, in- doed, as onr dispntches foreshadow, a general war does not brepk out before Congresy assembles. We publisk elsewhera n synopsis of the sixth annunl report of tho Boand of Indian Commissioners for 1574, in which it is shown that lazy punpers of the copper- volored persmasion tn the number of 74,000 arc now on the (iovernmout free-list, doing absolntely nothing for theitr own support. The Commissioners strongly urge that the whale system of gratuities be abotishod ; that ‘e men be compelled to work for a living, wnd that the children be forced to attend school. A yguict and well-governed region in Wise congin lins heen thy seene of n lynching af. Mir. Two brothers who were In jail at Htevens Point awaiting their trial for tho murder of the Sheriff of the county were taken from their cells ot night by a body of nrmed 1men, and hung to s tree until dead. While there may have heen 1o room for doubt ns to the guilt of the prisouers, yot the foct that there was not Incking {he most nmple guaraniee tht they would be duly tried, eonvicted, and punished in tho regular courss of Tuw renders the Iynching wholly In- defonsible, and makes the mob which took the law into its own hands guilty of n cold- blooded, outrageous erimie, for which they showld be rigorously held to account, B, A peculiprity of yesterdiy's Liepublican County Convention wnst have attracted the notice of lookers-on. It was the munifeutn. tion nmong the delegotes generally of o leep and scrious sense of tho responsibility placed upon them—that of making up tho best pos. siblo ticket, regardless cven of personal predilections, It was not » gathering of politicians, and thero was o remarkable ob. sence ol wire-pulling, log-rolling, trading, ete, In the main the delegates care un. pledged to any man for any office, ond they wero actuated by n sinvero und cornest regard for the host interests of the party and of tho peoplo of Cuok County. Buch being the motive, the adnirable result i3 not to be woudered at. The ticket is in every way so strong and so manifestly excel- lent that honest und respectable Dewocrats can accept it rendily, ond can support it ns Leartily as though they bad themselves hnd o binud v making the nominations. The ticket il improve upon acquaintance, and will fur-. mizh w0 Opposition plunder-hunters gravo grounds for uneasiness lest their anticipated walk-over should prove to Le & walk-under, The Chicogo produce markuts were nnset- tled yesterdny, tho leading cercals being weak, Mess pork was quict und 6@1%0 per L higher, closing ot $21.60@21.65 for Octo. bor aud £18.95 seller tho year. Lard was in better demsnd and stronger, closing st #13,70@13.75 per 100 s cash, $13.60 for Oc. tober, mod $12.25 seller the year. Mouts wery quiet, ot 8)@ste for summer shoulders (boxed), 12}c for short ribs do, nud 130 for short clear do. Highwlues were (uiot and wvtendy ot $1.18} per gollon. Lake freights wore quiet and strong, st 3o for wheat to Baffwlo. Tlour was in light demend ang eusivr. Wheat was more active and 1i@io lower, closing at £1.10 seller the wonth, and $1.05 for November, Corn was aclive aud 1@1}c lower, closing at 5djo eash, and [0y for November. Ouots were quiet and {c Jower, closing at 83)c for October and 8¢ for Yovewber. Ryo was steady at 72)@730, Barley was quict aud steadler, closing at V70 sl nad 9340 for I\'olvuuxlau. Logs were TIE CIICAGO TRIBUNE: e e e e e s quiet and averaged 100 lower, closing weak, st 27,40@71.75 for common to good grades. Cattle were activo and unchanged, with sales Pat g2 25, Sheep wern in fair demand and stesdy, "On Snturday evening last thero was in store in this city 22,035 bu wheat, 1,022,524 bn cotn, BIG.YTH bu oats, Y0861 by rye, and 250,141 bu barles, Oue hundred backn at the clo prevent jllegal voting and ballot-box stufiing. promptly before the Bonrd and ke its de- mand briefly and inperatively, If that de. mand is 1ot complied with, it is proof posi- tive that the Devil-Fish party intends to stull the ballot-boxes and carry the clvetion by trand. Noother infercnce can de drven, It then becomes the duty of the Republicans to exercife the right of vigilantly guarding evory poll in (he city, and protect the purity of the Dballot-box against the sttacks of the bum. mers, It is equally important that the names of the Commussioners wlo vole to stuff the ballot-boxes snd to deprive the minority of their right to representation should be placed upon record for future referance. The appointment of Zacusrian CuANDLER, ex-Senntor from Michigan, ns Seeretary of the Iuterior, ny oceasion some surprise wnong those who bave bolieved bim to bo uupopular with his party. This unpopnlarity, however, was mainly in Michigan snd of re- ut growth, Tt came from what was con- ceived to bo an arbitrary and personal use of his patronnge, rather with a view to his own advancement than that of his party. It was this feeling agaiust Nr. Cravoren that led to the disaffection in the party which defeat~ ed him and elecled Judge Caristiaxey Inst year, But, during the three terms he served in the United States Senate, thare was no man in that body personally more popular, uniformly more devoted to the Government, or of an integrity more universally recog. nized. 1t is the Iatter ¢uality which renders Mr. Camavpren peculiorly fitted for the mavagement of the Iuterior Deparl- ment, in whick there have been more aluses of late yoars than in any other depertment of the General Government. Jr, Cmasprn has been honest all bis lifo long. and there is no temptation for him to be otherwise at this late dny and with a large persousl fortune, nor to conntenance dishonesty in others. 1o ia also in full gympathy with the Rtepublican party on the currency question,—being un- compromisingly in favor of sound money. There is only one point in which he may dif- fer with the Cabinet ps now organized, and that is with reference to the treatment of Southern politics. In his position, bowever, this auestion will not ent much figure, and Mr, Crasprer will, on the whole, be a usefnl and haruovious member of (ien. Gpaxt's re- orgarized Cnbinet, THE REFUBLICAN TiCKLT. Tl Republican County Convention yester- Qay took the tirst great step towands success Uy nominating o ticket that deserves the sup- port of every rospectable citizen of whatever parly or natioonlity, It submitted to the people n ticket composed throughout of men of tho highest personnl character,—men well Linown for their honesty, respousibility, per. ronnl respeetability, aud cowpetency for the duties of the several oftfices for which they aro naed, The nomince for County Treasurer in Mr. Lovm Hucr, n wellknown and respected merchant, who, 83 woa #nid in the Conven- tiou, has o suficiency of substantinl means of Lis own, and will not Le tempted to use any portion of the public money to pay his debts, or to take auy more compensation than the law authorizes, He has resided in this city ucarly all his life, and has ability, and integ- nty, end on unblemished charactor to cow- mend him to the public confidence. For Clerk of the Buperior Court. Capt. Jonx J. Hrary is commended by his expe- rience, his nbility, his integrity, and his patriotism, The nomineca for County Commissioners are Menny Nevsoy, C, G. Avnes, Jony JoNes, Jonx Tanor, oud Jouy Huoyrnrey. Of these, Mr, NrcsoN is named for the place ko long and ably filled by Jr. Crotau, who peremptorily dedlined a re-election, Mr, Nersox will prove a most valuable suc. cesdor, Mer, Jougs is ot present a member of the Board. The other gentlemen are to be cleeted in districts outside of the city, Wo submit tbat thero is a wide rooln for choice between Munny Nrison and JonN Joxes on the ono hand snd Mixe Mcrwoy aud Par Cruany on tho other, ‘Lhe Convention, wisely oxcluding politics, vowinated Judges Gany and McAvrLwren for the judicial offices, To these two Judges there wiil be no opposition. We invilo the attention of the publie to a closo comparikon of the two lists of candi dates : The ono nominated leat Friday by o 1ol of gamblors, thieves, pimps, and loaf- e, nnd fitly represonting the constitnency that nominated them; tho other nominated by a Convention composed of merchants, and men of charactor and substance, and which o tly represont thoir ocoustituents, It should be remembored, however, that candi. dates who are not ballot-box stufivrs cannot ulect themselves, Lo elect themn requiros votes. All those who ro justly griove over corrupt and wretched local Government havo in theno caudidates pominated yesterdsy an opportunity to have u yartion of aur locat Govermnent in honost and competent hands, Will they turu out on election day aud vote, or will they permit the election to go by de. fault? It the reepectable and subktantial voters of this county will all take the time to votuon election day, My, Huck and Alr. Newson and thclr associates can bo elected by 1anny thousuuds of majority, We fuplore all legal voleni Lo do thoir duty to themselves and to oach othier by a full turout on elec- tion day. ——— Oue of tho coustitutionsl wuendmonts carriod at the Ohio election provides for the establishment of au “‘susillary” Bupreme Court, In 1860 tho Legislatare attemptod thot bindered the admivistration of justica by the adoption of & code simplifyiy, procedure. The Republicans in convention yesterday did a very wise thing in selecting a commit- tee whose duty it shall be to go befors the County Board and demand the appoiutment of a Republican judge in each election pre- cinct, and, in case of refusal, in delevmining to appoint committers to watch each poll and 'I'he Committee should waste no time, but go | 1o brush away the muss of technical rubbish WEDNESDAY OCTOBER 20, 1875 dicinl procedure by whioh it is almost impos- sible to have a snit decided upon its mnerita that already outery is made ngainst the amend- ment juat adopted beeauso it doas not perma- nently establish the anxiliary Supreme Conrt, but limits its contibuance to thwe out of every ten years,—ro that for all practical pur~ posus for aeven yenra in each decado the Sa- dollars in gold would buy $116,62} in groen. | premo Court of the State will L left clogged and closed to suitont. pmaalaR R BUTLER'S INAUCURACIES. Mr, WespzLnu DPawutes, in his reveral speeches in nrguing the impossibility of main. taining specin payments, doclarsd that the Bnnk of England had suspended specie pay- ments on frequent oceasions sinco 1823, To the errors of this statement Mr, Scnurz enlled public attontion, Buat Mr, Brxsayry Berers, in his carefully-prepared speech ro- cently deliverad in New York, repented the same statements, which, by the way, have licen tepented from time to tiwe by all the in- {lation orators and writers. In 1797, the Govermment, being then in debt to the Bunk to the extent of the whole cnpital of the instjtution, and being engaged in tho great Continental wars which pre- vailed during nenrly the whele period of the Napoleonie dynasty, had to borrow money, and therefore, by order of Couneil, forbid the Bank {o pay out any more specie. An in. crenged issue of notes followed, The Freneh wars did not cense untl} the fall of Narorzoy in 1815, Immedinte steps were taken to re- sume specic payments, and the date fixed was in May, 1823, The Bank on that day restmed specio payments, and bas never sus- pended such payments to this day, covering a period of over fifty years. The Bank charter was renewed in 1814, and the new Bank law provided adepartment of issue in the Bank, which department issued to the Bank all the notes for nge. The Bank is allowed bank nates to the amount of fourteen millions of pounds, for which it de- posits with the issue depnrtment securitieg, public and private. Beyond this suw the Bank was not authorized to receiva hauk notes from the issio departtuent except on a deposit of an equnl amount of gold. All notes wero payablo on demand in gold. In 1847 the Government suspended so much of thin act a4 required the Rauk to de- posit gold with the issue department for the notes put in circulation beyond the pre- scribed limit. In 1857 tho law was sus- pended sgnin, and was & thind sus- pended in 1866, These were not susponsions of spacio payments, nor were hey authority to do so. On ihe contrary, as the Bank could not increase its issuo of notes without placing beyond its control an equal amount of gold, the suspension authorized it to incrense the amount of its notes end thus enlarge jts dis- counts, at the snme titve keeping in the Bauk for nctive use its wpecie. The Bank never suspended specie pay- menin. The “suspensions” wero simply of the law which restricted it disconnts at the very time they were most needed, Now, con- trast these facts with Bernen's bold msser- tions : Tetween the Tth of September, 1844, the date of tho Bar k act, aud Feb, 4, 154, the Bunk alterad ber ratoof dincount hity.aix imey, Talaing It trom time to time from 2 to 10 per cout, thus quintupling hcr prico for raoney with coucomleant destruction to all the manu- ficturing ond mercantile Interests of the country, causlng widespread rufn and dovastation, which muat have ended in geveral bankruptey navo that an carly as Qct, 23, 1847, threo years after the roarganiration of the Houk, she ruspended specie paymenty and fmued sn inconvertible paper, which offorded fustant relief to 1ho buxiness and people of England, Nor, 0, 1831, thio Touk of Nngland agaln suspended spoclo paymients rfter having puived the merchants and busfness of slt Loglnd fn ber attempts {0 sustsin bersclf, end diawing the gold from this countrs for the same purposo to such un extent na to canso & suspcusion of Apecls payments bere, with ruln tonearly all the mercantsin houses, mauface turers, and bankers of this coustry. Her cfforte to savo hereelf from auapension and to relain Ner gold were 80 energelic and pernistent that betwoen April, 1657, aud January, 1538, she made eloven chapges i her rute of discannt, and fa the year 163, (o retatn ber apecie in ber vaults, she changed ber rato of intorest sive times fu Ove wecks, Btill rgun, in Novetuber, 1RG5, in conrequence of the war oa the Continent of Europe, tho Bauk of Eqgland, after the usual but ia- ellectual mtrugglo to maintain her Roll in her vaults by quadrupiiag bet ratea of discouat, auspended spocle payments, This fallure of the Bank of England did 7ot nffect the Lusinees oy fnances of the Unfted States, Lecausu our currerey in 3465 was ike grocuback, and gold now way merchandise, and we were no longer the mionry slaves of the Dank of Luglaud or our busincas atLer wercy, How shallow the conclusions which this ‘“gtatesman ” reaches when it is shown that they rest upon puro fletion, It fs idle to sup- posa that Gen. Brrren could hare beon so ignorant as not to know the groundlessness of Lix ussertions, The limitation on the Rank circulation corupels the Bank in times of stringency to restrict its loans; when this limitation i3 suspended it reduces the rate of disconut by unloosing the specie of the Bank locked up in the issue department. But such n thivg as n suspension of specio payments, which Gen. Butien properly defines ss a “failure,” hos never been contomplated or authorized, and has never taken place sinco 1825, BLACX HILLS BOMANCING, As an Eldorado the Black Tills country has not proved o suceess, The only paying thing sbout it, o4 near as we can discover, is the price which the Indinns had the effrontery to demnnd for i cension of {heir rights, Thero wns one other fenture which catao very near being fabulous, and that was ihe price which the Govermment Commissioners offered them, Tho Indinus wanted $70,000,000, and the Commissioners offered &6,000,- 000; ome way & little more out of the way then the other, but not much, The Government might just about as reason- ably pay the Indisns #70,000,000 for the ces- sion of exclusive privileges granted by the Goverument, of no value to them, iu ex- change fur other exclusivo privileges, as to pay £6,000,000 for this exchange, On the whole, wo regard it as fortunate thnt tho Indlaus wero 8o outrageously exorbitant in their demands; for, if thoy had come anywhero within the neighborhood of the Commissioners’ offer, we fear the barter would lave been made, aud at least 6,000, 000 in money, if not wmore, weuld have been thrown away, in addition to the enormous expanses alrendy iucurred for exploring. Trof, JexyEx's wature judgmont, after a potient and laborious cxploration of the territory, is, that the Black Hills gre mot worth wore than $500,000 for purchase out- right. ‘That i8, su individual or company desiring exclusive privileges for mining might pousibly make it pay after purchosing at that rute. ‘The Governmeut Commissioners g tho | offored twelvo times that amount simplyas an But tho rubbish Laving been inducement for the Indians to wove a littlo for the 1nost part carefully collceted by tho | further back into a country wmuch better suit- Judges and thrust into the cods by judiclal | ed to their purposes. legislation, the mischief has grown so intol. | Tux Tnwone correspondent is yprobably erable thut the extra auxilinry Suprome Court | correct when ho says that those who have has to be estublished to dispose of the docket | mede the Black Iills a study during the for the past decade or two, in order that | summer have estimated their value—that is, the regulor Suprcuo Court may be enabled to | the Lills themselves, and not including the decita tho law-suils of tho present genern. | fortile valleys around thew-—at not more than tion, It is o significant Mustration of the | £100,000; and that the prico of §6,000,000 preposlerous nousenso of the syatem of ju- | could only be fixed on account of the pumber of hands through which the sum would have to psa before reaching the Indinus, aud the wenr mud tear it would suffer from tho fric. tion in the contact. Even those who have rond the accounts of the esploration printed in Tue Tumese and other Journals that have given impartinl, uncolored. matter.of-fact deseriptions, ean nnderstand that the aequisi- tion of thin territory {s mot very desir- Able nt any price, It may be wild nud romantic, Wwith an ocensiopnl onsls in 8 desert of maurairce ferrer and un- gainly hills, Thero may Lo an ocensionnl grand sight, attaived nt the cost of great physical exertion, that brings its reward only to those of a romantic turn, Thern may be goll enough there to roward those who are willing to work at ondinary day-laborer's wages. But no trustworthy aceount has eomo from the Black 1Iills that warrants nny higher estimato of their advantages, T'rof. Juxyey himself says that the country is more valusblo for stock-raising than for its min- erals; bat, ns we have abundauce of good ntock-raising landa nearer the contre of con- sumption, it is not worth whilo to spend any trouble, much lesa any money, upon the Black Hills for that purpose. "Thero is only one way in which the money already expended by the Government in tho exploration of the country, aud in treating with the Indinns, ever can bo made a profit- able investment,—and that is, by the practic- ol abandonment of the whole scheme of dis lodging the Indisns by the paywent of auy money, There are two coursrs that may be pursued, viz. : Either to keep out the whitas nitogether, and leave the Indiaus to their bills, rocks, and bad grounds. or to let the white men go at theiv own risk, giving them sich protection as is ordinarily furnished in Indian territory. It doesn't make much difference which course is pursued, as there is no mineral wealth or other attraction which will justify the Government In any further cxpeuse to acquire the territory. THE REPORT ON INDIAN AFFAIRS, The report of the Comnmission appuinted to investigato the management of affuizs at the Red Cloud Ageney in interesling. On tho principlo of saying * nothing Lut good of the dead,” Ex-Secretary Drrayo ia let off very ensily, 'The report says that lbe scems to have been innocent aud ignorant of fraud. This is a polite way of saying that lo was grossly incompetent for the place from whick he has happily been driven, A man who conld be ignorant of the frauds in contracts which were daily recking under his very noso must bave been obtuse to a frightful degree, But we hinvo no wish to hunt the ex-Seeretary now, to lift him out of the home in which he may bo honored, and hold him up before the nation that honors him not. Let us adopt tho charitable surmise of tho members of the Invesligating Comission ; eny, with them, that not a guilty knowledge, but a guilty ignorance, of the frands marked the cx-Secretery's career, Tho part of the report which consures the ex-minister, ex-speculator, and present Coma- missioner-of-Indinn-Aflairs SauTu, for want of vigilance, Jack of astuteness, and indccision of clirncter, will b read with henrty np- proval, inasmuch as oven Switin must feel called npon to resign when he hrs thus Leen Lulletined as utierly unable to il the office which ho now rattles around i, A new Hec- retery of the Interior, one Zacmanun Caaxpren, honest and intelligent, reigus ii- stead of 1JELANO, nud thero should bo a new Comminsioner of Indian Affaim straightwoy. Let un be charitable ngain, Sytita may not’ lave been cormupt, but situply stupid. There is & now master; let us have a new man. Bome of Prof. Mansit's charges are sus- t inod and some are not. It scems probeblo it the Professor has relied unduly, in sono cnses, upon hearsay-evidence and Indian testi- imony, But the general results of this scien- tist's attnck upon pelitical kunvety nare com- plimentary to him and valuablo Lo the nation. When the attack began, the Honomble Sec- retary of tho Interior referred disdainfully to “a Mr, Mansu,” Now thot tho sttack is ended, Prof, Mamsn con find “‘n Mr, Dg- 1ax0” in some Ohio -villnge. The value of the investigation is shown by the fact thot the Commission’s report emls by urging twenty-five distinct reforms, some of them comprohensive as well as important, in the mano sewent of Indian affairs, MORE MONEY FO. ESB, It bas been alrendy stated in this paper that during the last year ten of the banks of this ity had sold the largo sum of §118,- GUD,000 of exchange. That is to say, pay- ments of that much money were effected through the agency of bills of exchnange drawn by these ten banks upon the Lnnksout aide of the city. We submit this fact to the careful consid- eration of the gentlemen who insist that ore woney is needed to meet the requirements of trade, Iforo was an actual payment made of four hundred and eighteon milliony of dol- lam througlht the banks of Chicago without the employment of o single doHar of currency, According to the infiationiats, it should have required au amount of grocn- backs equal to the whole of the present out. standing iasue to meet tho requirements of the trade of Chicago alone, without leaving n dollar for the other parts of the country ! If thls volume of Chicago exchange bo multiplied by that issued Ly the twenty-five hundred of other banks in the United Siatew, somo idesn 10my be formed of how compar- atively sunll iu the mmount of curreucy re- quired or omployed in the cash trausections. of the country. This nmount of cash pay- monts was made by Chicago to other parts of the country, Other payments, as by checks and bypostal orders, probably nearly equaled in amount those made by remittances of cur. renay, The loesl payments oqually show how small a proportion of eurrenocy i nooded. The bank clearances in this city will averago $233,000,000 a week the yenr through, snd tho sggregato payments made from person to person in Chicugo, through the banks by checks, amounts to nesrly twelve hundrod mbilions of dollars a year ! And these payments are made without tho actual transfer of currency beyond the small {tem to adjust the bolances from day to day. According to the inflationists, to enable the people of Chicago to do their ordinary business,—that is, the payments thoy have to mako in this city and other parts of the coun. try,—would requiro sixteen hundred millions of dollaxrs ©of cwrrency, when, in fect, the actual amonut of curremcy which posses in all theso transactions will not reach 10 per ceat of the whole amount of the payments. Mr, Wenozry Puunies, in one of his letters on finance, proposed to supply tho country with currency in such au amount that bills of exchauge shall bo dispensed with, and ell payments mado in money. The wild charncter of this proposition but illus- trates the wholo of 3r. Paiiirs’ teachings on finance. To dispense with Lills of ex- change and require the business of the coun- try to bo done by an actual transfer of cur- rency would require more railroad facilities than aro now neodad to perform tho postnl service of tho country, 1If for every bushel of grain or pound of provisions sent from Chieago und solit the money hnd to be xent here, and for every dollar’s worth of goods purchased for (‘hicago the money had to bo sent bavk, would rvquire tbat spedinl money-trains shonld bo vun over overy railrond in the country, At present all this paymont is made with the actual transfor of but a small amount of money, nud it is douo rapidly, safely, aud satisfnctorily, which could not bo the case if the money had to be shipped to and from in overy transaction. oS THE AECIIC EZPEDITION, Searcely has the nows come to us of STas. rey's remarkable cxplorations around tho great Lake Victoria Nyanza, directly under the burning equator, before almost equnlly interesting news comes from tho frozen Arctie regions, by the return of the little Nritish vossel, the Pandora, which left En- gland threo months ago to try to make the Northwest Passage from Bafiin's Bay to Beh- ring's Straits, discovered by Sir Jouy Franx- LIN A quarter of o century ngo, the nttempt to follow which cost him lis lifo. The rec- ord of this littlo vessel, of the dangors which she encountered aud the manner fu which she escaped them, rendy slinost like fiction. Although she was constanily among tho ico floca and exposed to danger, she met with no wishnps, made her passage with remorkable sWwiftness, and returned in safoty to England. Theobjeet of her commander was not to ronch the highest possible northern latitude, but to wnko the Northwest Passage, aud this ob- jeet ho would probably hiave accomplished hnd he not found his further progress efiec. tunlly stopped by a golid wall of ico across Bellot Strait, at the very point where Me. Crintock, his old commwauder, was stopped et the time he discovered the Fnangriy rol- ics. Ho took the same route as McCranrocr, crossing Melville Bay in safety after leaving Upernnvik. Thence he entcred Lancaster Sound, visited Beeehy Island, where Hoss' ill-fated vessel was lost twenty-five years ago, thenco sailed through Peel Bound, and kept on to Bellot Strait, whero he found the impassable iy barrier which induced Lim to return to England rather than winter there, Although foiled in lis attempt to make the Northwest Passnge, he pene- trated to the south along the const of Prince of Wales' Lund further than McCuintock had done, and even reached inmn’s Land, where no vessel but X' has ever been before. The de- tails of the voyage, therefore, will bo looked Tor with great interest, sud mny perhapy throw some further light upon the fate of Iransiiy, The indirect rosults of the oxpe- dition are even more interesting than the direct, since the Captain of tho Paudorn was successful in finding letters at a spot provi. ously decided upon from tho other two En. glish vessels, the Alert and Discovery, which are in quest of tho open Polar Sea. The news from them is highly encouraging. The two vessols arrived ot the Carey Islands July 27, aud then left for Smith's Sound. They left Upensk July 22 and Cape York July 25. The best news from them is that the sea- son Was an open one, and that all wero well, so that if nothing adverse lins overtaken themn they nre now far on their way to the North Pole. 'The great Polar mystery, there- fore, may yot ho solved by these daring En- glish navigators. It is an eloguent tribute to the ambition and courage of the time that, while the explorers of one nation are steadily and persoveringly pushing their way through the eternal snows and ies of the Arctic region to root out the mystery of the Polo, undis- mayed by the fate of thoso who have pre- ceded them, an explorer of anothor nation is Just ag steadily and perseveringly braving the dangers of the African jungles, the malarions dinenses, and unknown savage tribes under the equator, to solve tho mystery of the sources of the Nile. The nction of tho Bishop of Aontreal in warning his constituents not to interfero with the b.rial of Guinoro's remains is very com- mondable, but the additional intimation, that the ground will be cursed as soon s poor Guinorp's much-abused body is placed in it, ia such o childish and empty form of religious spite that it will probably only create a smile of derision. It will make little difforence to Gursorn, Ho will rest just as quietly in the ground, whether cursed or uncursed, Ho is beyond all theologieal hatrods, It will mnke little differenco with Gurnorn's friends, but if it affords tho Bishop any satisfaction to curso the clods of the valley which cover him, it in an ensy and eflleacious way of sottling this long and disgraceful wrangle, and hurts 10 one. Tho fasue of veracity botween Alr. ArzxaNoen Aoassiz end Mr. ANDERsON, toucking tho cir- cumstances which Jed to the closing of the School of Natuial Histury on Peuikess Islaud, is suil kept open, Ina recent loter to the New York Evening Fost, Mr. Acasiz donios that say stops wero takon towarda the closing of tho #chaol without the knowledge of Mr, ANpsn. EoN3 or thaven attempt was mado to lay the tatter undar permauont and hoavy coutributions for tho suppoit of the school; or that the momory of Prof. Anassiz ns suffersd by tho conduct of his cosdjusors and successors, Mr, Aoasniz fusthor jstaten that My, ANDESON bad frooly offered to give #10,000 per annum for respouslblo for (ho abnoxtous onmlor? If Ao, it has n heavy Dwden o earry. The Vlunders of the Adwiralty have leen Xhu“ most eerions wnd eostly that hse wren | eharged agninne tha Government of ir. Do RAELL Tt diverted the Patamors, affairy bagers ! ! vants wera responsible for the partial tnd wee ! satisfaclory investigntion of the Venguaid diss- ter: and if it shiat! escape blaman 1 (e future for the bLarbmrous cider concerning fogthive #laven 1t will be more fortunato than it hins heen | hitherto, D S S i Bpringfleld, Ve, tsya claim to tho posecasion of a auccessful co-oporative factory. It {8 own- ¢d by tho persons who work init. Allof them Tive in one large houen. Men sre raquired to +avo one-fourth of thoir wages and women one- wixth, Thone wasings aro invertod in canital stock, A Doard of Diroctory fixes tho wagrs of eaclh mowmbor. Any oue can withdraw at ooy timo, and can sell bis stock ac par to tho eos clety by giving eix onths’ notice. The oxperi- mont ¥ only & year oid, but it hins thus far been very wucceusful. Tho company bogan work with fivo membera; it now has forty- live. [Its esloa—of foys and house-fur- uishing goods—amount to 23,000 & wonth, and ita capital s {ucrea-ing at the rato of #5,000 & yoar. Wo tiust tho Asso- c.alion can give aa fayorablo an account of itsolt two and ton vears henen, Too many such or- kanizations have thriven for a tneive-month or #0 and then collay sed, to muke the experienco of o year conclugive, Evon * Drook Faim* tlour- 1shed tor & while, The e’oction oxcitemons having subaided, tho Cmcinnati authoritios are providing agamnst o 10lupso of their town Into 1te wonted dulluers. The jackass that kicked the lion to dsath has dopasted ths life, aud the eacaped tigross shich 1o shootsug-club charoa through the impone- trablf jungle murrounling that burg hns boon slalo, bue the Zoolgical Gardens are still counted upon to furnieh tho thriling seasation waich slisll koap thoe Clncinnatiaua fiom falling asleep at midday, Thoy avuounce, thercfure, with becoming pride. that the alligator, re- ported 1o have cscaped to ravage the adjn- cent regions, lae fo fact ouly eought retiremont fo the muddy acpths of tho park lake, from whonca Le is to be flshed out: tho baboou that s.ckened throngh over-much tobacco-chowing 13 to bo reformed; the olhier batvony nro recover- g from the epizootio 3 and the aiufTed doukey (I3 §e from tho Enquires’s colloction) in prom- tsod nt sn early doy. Exciting times msy bo expocted at Cinciuunti. o Bt el N “*Tho blood-drinkers of (fotham " are written of i 8o entortmning leteer by the New York cor- respondent of a Ciueinnnti paper. All that tho fetter focks to make it thorongbly geod in indin. putable cvidence of the correspoudent’s veracity, Blood-drinking bas gouo out of faxbion, It iy Liaid to believe, ns the corerondunt slleges, | that the ulaagbter-houkes on Eant Forty-soventt streot oro froquented by Lovies of beautics, or that it Is o common thing to veo fiftcen porsons | at once hiold.ng tleir silver cupa for dranghts of warm blood, 1f this Is not a faney sketel, the fachionable people of Now York a.e iu sad want ot sound modicel advice. Tho human stomuel in not 8o constituted that it can digest warm blood by the pound; and the patient who re- korts to such troatment for the curo of one com- plaint is L.kely to sow tho seods of another much more serious and ful. Tho Hartford Courant, edited by Gos. Jor Hawrey, maked this eurvey of tha reeults: Tho Ohiu eloction iss very thoroughly cleared the field of available Democritic candidaten for tuo Trisi. dency. According ta bue proset outlook, th chaices uf Bénator DAYAKD aro better than thoso of uny otlier aan, unlesn, indeod, the Daniocracy, fmitating their tactien of 187, vho1 1 dectde to nominate Geu, GranT or Rokcoe CONELING, Gov, TILDEN'S chatces are bardly worth mentioniug, slthiongh ue 1s an_etimuble gentlemen, und (sinco acquiring fmmense wealth ss a sucecssful ralirond lobbsist and geveral jobber) hius tecumn a0 active reformer, But Gov, T1rDEN I tuled out of the Presidential race by locality. New York uvommnated McCLELLAN in 1861, and the Dowocratly andidstes i I%8 and 143 wera from the samo State, It ot witin te mnge of prolabililies that the wrizo wiil sgain be surrendered {u tho New York IUing, 1ut, attet uil, Henutor DAYARD 14 & stronger mau than Truben, and’lias 8 more honoiatlé record, S g Tho SpringBeld (Mnva.) Republican, boving been thsarted in lts effort to secure the Repub- lican nomination of Governor for Cuanwes Fraxcis Apawe, is now inditectly encouraging Roputiicaus to bolt Rrck and vote for AnAus as an mdepondont candldate, in order to bring bim out prominontly as the Republican canaidate for the Prosigency. We do vot exactly sea how giv- jvg Magsactusotts to the Democracy—which would be the result of the Repullican's plan—ia voine to holp Mr. Apans in securing & Repub- hesn nomination for the Presldency. The fsimors of the grasshoppered districts of , Nebraske aod Missour! have been rowurded for | tho plucky fasbion with which oven in the mid- dlo of July thoy set aboit replanting thoir corn. The crops in theye divtricts in eacii of tha Btates wero uever bottor than now, both in yield and in quality, and it is noteworthy that tho premium corn in Nebrasks tlis year was grown in John- son County (which suffered most sovarely from tho ‘hoppers), and from the replaniing which their Lavoo nocossitated, T e L The Bouthern Detnocratio pross, with ono ac cord, rojoiced with thaoxcoeding gladness which atteods demonstration of thoe you-nre-avothor srgument when the Ku-Klux outlawry in Will- iamaon Couuty disgraced this State, Dut we fail to discover in tho colamne of our Bouthern oxchanges any ontbreakings of rojolciug over tho fact that twoof tho Iiliveis Ku-Kiux have siready been convicted by duo process of law, snd that the rest of them aro ovidontly on tho road to the gallows. Privato Davzpry, tho accomplished litorury bore, hias actually baen elected to the Ohio Leg- | fulature, His majority in Noblo County was 193, | Glov, Hayes' belng but #7. In Caldwoll, hig na- tive town, tho Private hind 21 mejority and Gov. Arzey had & majority of 1. The olcction of the Private is the ouo thing not neadfuly the fly fu tho olntment; the ounce of #our in the pound of ! ewoot, Jut it je all ewoot ¢o him, thires yeors {o the vupport of thouchool, and that he falted ta keop bils promiso. Ihe character of Mr. Acassiz i8 8o high that his statomonts of fact witl Lo goverally nad immediatoly sccopted a8 tzue, nor ean it bo doubtod that he has made sll tho personal and pecunfary sacrifices on bo holf of tho school that could reasonably be re- quired of hlm; but k does seom- that tho wealtuv aud liberal men of Boston bave beon womewhat slow In responding ton proper do- mhnd on thens, which might easily bave beeu satiafled, and provented tho untimely collapso of tha very promisivg enterprivo at Pouikese, i Mr, W. W, 81our's intorestiug sorles of arti- cles in Blackwood's Magazine, ontitled “In o Htudio," are remarkable for the varied iuforma- tion on litoiary and srt topics which they dls- play, aud for the dolicato humor which ealivens them, Theyare republshed in Lillell's Living Age. Ina recent nunber une of the interioou- tors bomoans the sad fate of our beantiful ideals which hinve beeu shatterod, oue afipr the other, by {conoclastio nearchiois witer teuth, ThusHze- ®N bas bren made an old bag; Jupas hiag been vindicated ; Niso 18 absolved from bis murders ; WiLriau Titn has beoo refined juto a legeadary bero. **Amout no villaln is lett us except Oa1N, and lot oy grapplo Lo bim wiih hooks of steol, Let no man ity to take Caixv fromus, What would life be worth without bhim e e ‘The Britisk and Forelgn Anti-Blavery Boclety rocently seut s memosial to the Lords of the Ad- miralty protesiing, w the nsme of humamty, sgalust the jnatcuctions issued to tho command- eors of Hritlsh abips in regard 10 tho reception of foreign slaves on sbi, board. In sckuowlodglog tho receipt of tho memorial the Becietary of the Admiralty curjonsl? epough rematked: ** My Lourds deelzo me 10 inform you that s copy of your memotial bas boon trsnsmitied (o the Beo- retary of Htate for Foreizn Affshie.” Now ths quuttion ariscs, Iu the Secretary of Staco’s otice —— Tho appasl of the Fourth Ward auti-Tammsny Democrats to the Hou. Jouy Monnisusy to lay aetdo his well-known rseluctanco aud consent to bo the workiogmen's candidate for the State Seoato, way sll o vain, The Hou, Joux will stick to bis faro, put eends a letter of declina- tion full of virtaous deuunciation of Tammany dishonesty. ; The fact that thero was s temnorance ticket in tho fleld failed to divers Hepublicau votes in Towa under tho doluslon that thore was any tem- peranco lasuo iovolved in tho cauvass, The ro. #ult waa that Chaplain Lozixa, the Protubstion candidate for Qovornor, received, g0 fur as heurd frouw, but 112 vates. St The Cinclnusti Gazette statea that the * up. braxen Cathiolio vote,” which the Catlicke Tele- qraph pledged tho Ohio Democracy lu return for the (nouaN blll, wasn's delivered according to coutract, A nutnber of Catholio Germans in Cinciuoati could not be persuaded, even by the Pope'u big too, to vote for ALrry and ingdation. Tho only Germnan papers in tho conntry that took to tho rag-baby wero the 8i, Louls Amerika and the Ciocinnatl Volkefreund,—neithor of them, it may bo added, possesring respectabls curcatation or influence, . - ———— Judge KELwxx hiss arsived st Washinglon, and 1 reported to bavo declared that **(ho rag-baby ia not by sny meaun dead, as ¢he peoplo of the Husny WatTensoy, of the Loulsville Courder- Journal, tolls & New York interviewer tnat tho resuit 1o Obio inakes 1lAveu & formidable candl- date forgtue Presidency. The Indian tour of tho I'rinco of Wales seems to havo been artanzed with au eye (o busincss. The expoases, 1weluding the presents to tha Ine | aian magnates, th minateet tron among his rotinue, and the gl ; beyond thelr most eangino o — pe oryrnizeq I etoatn fir, euging, ato all y out of the Goverment g5, chequer. Hat (ke gifts receivod In retuen Aratg hecame the privite ) ioposty of thin Mighnesy, "l ve-ull in Ohio wes tho trivipl g i of uncle, ¢o TS, sod the nepiiosw, s\-,m‘;: Trensa ¢ ont Into the cuuvasg detap. wined to bill off the ofher as o Pra 4 nidential can, didte fu 1876, Eomehow they both luccn:::lq Xpociations, Qno hundred thoussnd majority I8 what Drooklyn Kagle (Democratic) thinks n.:: ouglit to hava received in Ohlo, S e OB UARY, CARDINAL VITRLLESCRL Tho cablo b day or bwn Finse brought g ln. telligonto of tho doath of the I alian Cardiny Virgearsent. Owdiaarily tha dea,b of an Qtaliny Carduial would ereato but a alight VPIS in pags. ing ovents, a1 most of tho ability in the Collapy of Caodinals s postosssd by thaxe mll.fidui{ {taly, but the lustory of Cardinal VITELLERCY | of mora thnn ordinary lutorost, a Iy was u.: most Wiberal of all cho Lallan Curdinals, At thg commencoment of tho presot Poutiflests m wan at tho heal of n eocicty of secular clergy, whicl {aaued tho first liberal eccioniasitea) ) . nal ever pituted in ltaly, Even duting thy recont Vatican Conncli the dogma of nlailibiligy say discussed advers: Iy 10 his awn palage, m’x bhis ollicial ainivn was prouounced cond.tioual. Iv. Noeaithatanding this nction, and the f; that lie could not Lo consmdered ay Ulre. montaue, lo ietainod his pomtioy by virtuo of lia high mociul s.andivg nn; intluenco among tho best educated of tha Clurel digmtaiien. o was mors than on however, teminced of his Jack of complst loyaity. He nas removed from the £0\trmeny of tho Ios| ital of tiso Sauto Spinito. Whey by wag uamed Nunclo 1o Naplor, Kivg Fsiowaxg daclined to roceive bim. The T'o e then eone ferrod upon bim tho Arehibinho; tie of Onimoaay Cingoli, but rowerliul iuftucncas combined ngawst him *nd proventod bim from outeri, the offico, Last year bo reccived an intimation to resign s otuce of Bocrotary (o the Cengregs. tion of Bishora and Negulars, owinz to the ab. sconding and defalcntion of tho Casbier of he Chnptor of tho Dasihca of Bt. Potes's, the blame tor nhich nas attnbuted to lun negligance, Ry wan eavod, however, by Cardinal Sornoxzo, who convinced the Pcpo that VireLrescir was not rospousinfe. Tho hberal clement among the Itmdan clergy, which 18 very small, have met with n sorioun 108 in his deatl. Qen, Jamos W. Forsyth, U. 8. A, is at the Palumer, Wluttier's Christmas posm is callod * Mabel Alnrtin.” Daniol H. Bruel, U. S, A., i8 quartered at the Bherwan, Llishn Smith, Liverpool, Eng., Is stopping at tho Pae fic. Lord Grauvillo says Mr, Gladatone has » finy musical voice, David Bwing is an old fricnd and classmate of Whitolaw Reid. ‘Ihe Hon. Francis Skiddy, of Now York, (s s guest at the Pacille, Motloy, the biatorian, and Miss Motley sailed for Rurope Friday. Punco Praus, Froderick, of Wittgersteln, Gar mnay, is at the Palmer, Tue Ilon, Goorge Drook, of Cinsinnatl, is & Iato arrival at the Premout. b Toxtor'a engagomont on tho Now York Ledgsr is not considorad a success. ‘Tho Princo of Wales has taken o theatrical mansger on board the Harapls. Theo {Ton, M. M. Jackson, of Madison, United Btates Conaul at Halifux, is & guoat st the Shor- man. That Is o practical, not a pretty, easiog atirib- uted to Miks Authony: *‘Dabiea are the conpont of tho bonds of matiimony.” Josh Billings' Allminax have brought In 230,000 to the publishers ln & fow years, though tho price for a sivgle number is but 25 cents. Tuchard Grant Whito is bighly esteemed in England both se s Bhakepearcan scholar aud as s master of English etvie. Ho Is now wsiling friends in the old country. Gen, Sherman, not to be outdono by Mt. Col- fax, who acted s judge at & baby-show, bss sorved with distinguished credif as Juigests Loruc-raco, Honors ure eveu. The hintory of comio journsiiam in Ameriosis oxcellently spitomized by J. Bandors Matibans, in the epigram: °**American Punches are lixs American cocitalls, made but to be destroyed.” Tho breakfaat to Lord Houghton at the New York Contury Club lasc Baturday was brillisot affair. Mr. Bryant made tho welcoming address, and the distingwshed guest yesponded in folick- tous terma. The consequence of the birth of a son (o the Countess D'Eu, daughter of the Ewperor of Brazil, will bo to cut off tue heir apparaut ta the throne, who was tho oldost son of the Emper or's second daughter. . Mrs. Livermoro rend a papor at the Byrscusa Couyention on **Buperiluons Women,” Itmskike the Irlshiman's essay on * Buskes in lielsad™ ++'Csore are 1o suakos in Treland.” Birs. Liver moro would sny: * Tlera aro no wuperfiaons women," Fincst Renan was recoived fn Italyas apostle of froo thonght sud & bearcrof RO vidings. His recent tour was a triumphsl proge ress. A fow yearn ugo bo could have taken few uteps of such a Journoy bofore ho wonld Lare beon clapt lnto prisou. Froude is called, evon by so distin suthority as the London Athenum, ** writer.” Father Tom Durko thought ho wat alo » lipshod thinker; sud It is gonerally trut that inoqualisios of style ore but cutwans mesk featations of unoven thinking. Blundoru will bappen fn the boet reulsied mudd, My, W, W. Whaelor, tuo oxperiencedand gouerally accurato critio of the Now York uur-‘i. apoalsh of *+ o Fiou"ina tecout Buaday artich a3 one of Hordan's plays, whereas Meubse Halovy own tho copyright to the play. The project of marrying young Lovis ‘“‘ polean ta o jmember of the loyal family o Hweden n Jikely to fail through, since . fanuly contains no Princess suitable for the Prince, uuless ko is willlug to have ono sty years older thau blmseif, Probably he b When oue of the dofaulting Troasurers It Town dics bis friends gothior aboag him aud b 6 Quy decesued frioud dud not account lm'll Ll funds in bls posression, but his apescits & various oceasions aud hig regules '"’"d‘:: upon canouses showed that ke waw o patriol bt th h“fld’o’ It is privately given ont by the Joaquin ‘;hllnr. ’ln order to piavest "‘"'f,"g: wtandinge and heart-buruiugs that the i Fair Woman ? of whom ho writes In & ¥ k5 voluwe i no looger living. Bhe dicd lwwl‘ i and thera ls none like hier now on ko fuce o earth. T — Ihll' .ght yeura ago Joale Booth, w plasing o MoVioker's Thoatro, prodlcted o sbe would take ber last glas of water (DR tuuds of Mrs, Tyson, sad would die in ".";,'w\ “I1ao prodiction was litoralty fultilled fu Ko¥ 5 Clty a fow days sgo. 3rs Tyson Less the story, It iy waid that thagld o of Bpain aro trying tu guvel to hllu punluu?.‘ The Madsid tonuwh:"::': tue Boaton Journal telles teriivle story rh tory aud murder, in which the Ring h"n‘-“ the s totimata frisad, tho Duko of Helo, KO ) principal actoss, The roport 1s that ¢ ':"m prd gatlante wers discavared iu the Louse ter the? corfn the arioy whoso wifo and LSS Lad corrupted ; thst the bus abiat at thia Kiog, but saissad bimy that be ¥ isors of the young Kiog T rouen Lim by panderios