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

e oo THE CIIICAGO TRIBUNE: FRIDAY. NOVEMBER 12, 1876, TERMS OF THE TRIBUNE. RATES OF SURSCRITTION (PATAPLE YH ADYANGE), ..813.00 Oanee Tt of Hre ot €op Clubof twenty, per co) The poat pecimen coplen sont free. To present delsy and mistakes, bo sure and give Pont-Oftice address in full, inclnding Statoand Connty, Remittances may be mado cither by draft, exjress, Post-Office order, or In regiatered lettrrs, at our risk, TEAMN TO CITY SURSCRIBERS, Daily, delivered, Sunday excepted, 273 cents per weok, Daily, delivered, Sunday included, 30 centa per week, Address THE TRIBUNE COMPANY, Corner AMadiron snil Daarbo Chicago, T, T AMUSEMENTS, HOOLEY'S THEATRE—Landoiph streel, betweon gljlrt and LaSalle, Engagewent of the Cslifornia inetrels, ADELPII THEATRE—Dearborn strest, ecorper Monroe, * Lispet.” NEW CHIOAGO TIHEATRE~Clark strest, between Tandolph and Lake. Engagement of Chatlotts Thompe o, **Jane Eyre” MoVICKER'S THEATRE—Madison strse! Dearborn and Siate. * The Merry Yives of by the Chicago Liederkranz, between indsor,” ‘WOOD’S MUSEUM-—Monroa street, between Doar- born and State. Aftcrnoon, “ Uncle Tom's Cabin.” Evening, * Grifith Gauut.” THIRD UNITARIAN CHURCH—Corner of AMonroa snd ILaflin streets, Lacture by Mrs. D, Conwsy, Subjact ; ¢ Bt, George and the Dragon,” ————s SOCIETY MEETINGS. LANDMARK LODGE, NO, 422—~Requlsr communi- cation this (Fridsy) evening, Nov, 12, Members are sspecially requested to bo present for the transaction of important business, Ly order of W. M, 3, L. BENNETT, Secretary, ORIENTAL LODGE, No. 33, A, F.and A, M.~Hall, 122 LaSalio-at.—Spectal Communfeation thin (Friday) svening st 7:30 o'clock sharp, for work on the E. U, Degree, Viaitors frutornally juvited, Dy urder of the ter, . N, TUCKER, Soc's, WASHINGTON CHAPTER, No. 43, R. A, M.—Bpe- cial convocation thia (Friay) afl oon at 4:30 for work ©n tho B, and 1, E, vegrces; at 100 for 1. A, Dagree, ‘A-:;fl H&;Hh‘l}‘ umum;‘(fi:‘z“',';alo l-;'r %’- AL Degroa. Vie- iing Compentons cordially rited ¥ 7 VJOIN O'NEILL, 10, P, CHAB, J, TROWBRIDGE, ec'y. P ] BUSINESS NOTICES. TO THR CONSUMPTIVE-WILHOR'S COMPOUND o1 Cod Liver )l a2d Lime, withont posswssing tho very articlo s herstoforo used, which randsrs tho ofl deubly offcacious. Remarkshis Gestimonala ol i1y eficacy can be shiblleil 10 those who Gesies tosea ‘them. Sold by A B WILBOL, Chemisty 03103, The @hgfagxi Gribune, Friday Morning, Novombor 12, 1875, Greonbacks, at the New York Gold Ex- change yosterdny, opened ot 87}, advanced to 874, and, later, fell to 87}, at which figura the closing transactions were registered. Our Washington dispatches afford gratify- ing assurauce that Vice-President Wrsow has safely passed the crisis of his illiness, and is now regarded by his physicians as out of danger ond in a fair way to regain his wonted health and strength, —— A wmmur;:;\l:onfcnncc has recently been in session at Berlin. It has demanded a stringent railway law, and has rocommended the Government to take possession of the lings not already owned by it. Three yoars ngo it was gaid that there were no attainalle data for the solution of the railroad question, Tt bas since been mooted in nearly every civilized country. Thero will be data galore Dby 1885, The German Empire will have a deficit of 6,000,000 thalers, in 1876, unless some new source of rovenue is found or soma old one 1made mors productive. Both methods are to ba tried. Operntions on 'Changs ars to be taxed and the exciso-duty on beer isto bo raised. Tho latter is a dubious expodient. An increase in the price of beor at Fraulfort, in 1678, caused some seriousriots, The mili- tary had to be let loose on the mob. The Teuton must have his beer and must have it chesp, Me growla under any taxes, and ia not likely to bo very patient under a double one, Ex.Comminsioner Dovarass, ofthd Internal Reveuue Bureau, mokes but sorry work of the attempt to explain away the damaging fact that hewasin 1872 offtred tho oppor- tunity to proceed sgainst the St. Louis ‘Whisky Ring, but neglected or refused to mnke use of the positive information fur- nished, Tho yeoord is sgainst him, and the moat that can. be said in his behalf is that bia u.wmmcncy in this regard was induced by timidity and not by dishonesty. Mr. Dova- Ldsy was orio of thoe first of the official cobwabs brushed away by Becretary Brisrow's now broom, aud the result proves how judicions- 1y the Bveeping process was applied. The official canvass of tho vote in Cook County was yesterday concluded. Mr, Huck's plurality over Mr. Hearxo wos 3,617, the vo- duction from the figures firat given baing ef- focted by the refection of the retnma from the Firat Procinot of the Fifth Ward, which also has the effoct of incremsing Creany's majority over Munny NeLsox, as the rejeoted rota brought the latter much neaver his com. petitor, It may well be doubted whether the Board of Canvassers were justificd in throwing out this vote,—whether it is in the power of aset of judgea of election, by re- fusing to porform their duties, to invalidote the entire vote, and theraby disfranchisa the citizens of the precinet. e The big fignrea in the annusal report of the Commissioner of Internal Revenue almost take one's breath awny, For the thirteon years from June 30, 1861, to June 80, 1874, the total revenuo receipts from all sources foot up the snm of $4,395,638,841. This Jooks like terrible taxation, but Commissioner Prarr offers the consolatory informotion that Great Britain, with a population one-fourth Jess, bas paid, and s paying, n heavier rev- enue tax than the United States. The sub- Ject of the whieky frauds ocoupies & promi- nent I.’h“ in the report, and the Commisaioner contributes some valuablo suggestions as to the legislation necessary to insure a fuller collgction of the revenus in fut — s The Chicago produce markels wers irregu. Iar yesterday, with moro doing in grain. Mess pork was in moderate demand, and closed Go lower, at §19.00 for November, and £19.20 seller the year. Lard was quiet and easier, closing at $12,10@12.12§ per 100 1t for November, and $12.00 seller the yesr, Meats were more active and ateady, at S@8jo for part salted shoulders (boxed), 11{@11jo0 st $1.08% cash, and 21.07} for December. Corn was in fair demand and §@}e higher, closing at 52} cash, and 51je for November, Onta wore stendier, closing at 31)e cash, and 1)e for December, Rye was firmor at G5@ Ge. Darley was netive ‘and wenk, closing at Rie cash, and 82 for Decemnbor, Iogs were active and avernged bGe lower, but closed firm. Sales chicfly at $7.20@7.40. Cattle were dull aml weak, with sales at 22.50@6.00. Sheep wero casior at 88.50@ 4.25 for common to good grades. One hun- dred dollars in gold wonld buy 811437} in greenbncks at the close ty authorities are beginnnig to mani- fest nrealizing senso of tho fact that they bave been unfairly and dishonorably denlt with by the Connty Board in the mattor of the Conrt-1onse and City-Hall, and tlat, un- less prompt measures are taken to lold tho county to its contract, they will be compelled to choose between an Easy building through out and none at ell. 'There is no time to be lost; ihe Board of TPublic Works and Common Council mnst move at once if thoy Liopo to nccomplish anything. Delay means the complote suceess of the Connty Ring in their tcheme to force an unworthy and disereditable structure upon the eity, and unless, a9 in strongly hinted, the Ring rami- fications biave already extended to the Com-, ‘mon Council, the people may rensonably ex- poct that body to tako such nction as will de~ foat the shameful combination, and securo for tho city at” least an equal voice in the adoption of plans for the Conrt-louss and City-Hall. A synopsis of the report of the Engincer Department of the Unitod States Armny is given this morning. Gon, Huxruneys, after detailing the work on fortifications the past year, and giving estimates of additionnl pro- posed improvoments, devotes considerablo space to the torpedo system which has with- in the past few years attained to such won. derful perfection. Experiments with torpe- does in the mnny harbors along the const have enabled the Enginoer Department to determino the sizo and buoyancy of theso de- structive ageuts applicable to the differ- ent channels, and so complete are tho details in this connection that, in case of emergency, the ship-chanoel of avy harbor threatened by a foreign foo could bo so ob- structed with theso explosive machines with- in a very fow hours that n fleet of war vessels ventaring to enter would bo blown to atoms. The importance of torpedoes was well illus- trated in tho Franco-Prussian war, wherein Franco with her immonsa navy was rendered entirely powerless as ngainst the thorough subnqueous system of batteries adopted by the Germon Governmeut. BMASH THE TAMMARIES, The drift of politica to-day secms to be in favor of smashing the Tammanies. The vot- erz of Now York City at the rocont election atoned for the error they committed in allow- ing Tammany to be reconstructed after the exit of Tweep by smashing it. True, they did it in a rather questionable way, and with the uso of questionablo material, Anti-Tam- many candidates with Jomx Mornmsex at their head wero not paragons of public vir- tue or champions of political purlty, It may bo possaible) also, that another Tammany may succeed the Tammany of which Kervy was Boss, and may be just ns bad and corrupt, ‘but the hopefnlness of the situation is that, having smashod ono Ring, the peoplo and pa- pers oro now hard ot work to cumt off the possibility of another Ring taking its place. Nearly all the prominont papers in New York City sro advocating the total aholition of Tawmmany Hall, and are pushing tho war holdly sud onerget- jcally. Thoe encmies of Tammany have also taken cournge by their recent victory to emancipate themselvos fromn the thralldom of bossaes and the pernicious influences of secret conclaves, and tho united cfforts of the two have sent conaternation into the Tammsany camps. It is extremely doubtful whether Tammany will ever again have tho power that it had in the palmy days of Tweep, and it is within tho bounds of possibility, and perhaps of probability, thatthe blow of the 2d of November was its doath.stroke, In Broaklyn the work was dane moroe effectually. The Ring in that city, whilo not 0 notorious as the Twexp Ring, was equally corrupt, and had two bosses who had ground down the tax-payersand plunged thecity into debt. The honest Germans combined with the Republi. cans in the fight. It was o contest between respectability and honesty on the ono side, snd corruption leagued with dishonesty on the other, and respectabllity and honesty trinmphed, The contest in Chicago was of the same natare, Wo had no Tammany snd no Boss, but everything was tonding in that direction. The Kings had nlready been formed in the City and County Governments. The Opposition party was rapidly developing into a Tammany, with its sachems and braves, ond it had begun to imitate the New York ‘fammany in its conclaves, its picaics, and all tho machinery of its movements. Mr, Hes- 1No was looming up on the politieal horizon 0a the Boss of the future, The people, how- over, rallled and crushed out the county com- bination, as they will noxt spring break down the city Ring. ‘Che same result has obtained in other cities, and all over the country there saems to havo been a determination, which {s &lill existing, to break down the whole Tam. many influence in politics as dangarous, per- niclous, and dermoralizing. Thia {5 o hopeful sign for the futurs, Tho election in this city, liko the clection in Vrooklyn, proved that Tammany can be broken if the people put forth on honest, united offort. It proved that the honest voto in tho large cltios I hoavily in the majority, and that Litherto it bns not been cast, It shows that rings havo beon formed, that cor- ruptions have prevailed, that the tax-payors have been swindled and dofrauded, that oitics oand counties have been plunged into overy wholming and almost hopless debt, simply because tho respectable voters havonot voted, ‘This fact having Leen established, carries with it its own lesson, and emphasizes tho necossity 1hat every voter should vote ut evory election. 1t has poculinr forco with roference to the charter elections next year in this city. The result of the late election shows that the peopls of Chicago have the menns of thelr deliverance in their own hands if they are disposed to use them, It they will not use them, they haveno right to complain of the tyraony of ringe which exist by their own sufferance, and Wwhich thoy can vote down at any time thoy aro so disposcd, T A bill which has recontly been filed in the Buperior Court of the District of Columbia develops some ugly facts concerning tlo forshort ribs do, and 113@110 for short clear | tinancial operations of the Young AMon's do. Highwines were quiat and steady, ot $1.12 per gatlon. Lake freights were -more sctive and safier, st 5§@60 for wheat to Buf- Chrietian Assoclation of Washington, ‘The Lill sots forth that in April, 1871, the Ae. soofation was indebted to tbe Fresdman's ialo, Flour was dull and esaler. 'Wheat was | Haok in the sum of §38,000, for which it had im belter roqnasd and a shads fitmar, closing ¥ivan & note payable ln two years ab 7 per cent interest, secured by a deed of ftrust upon tho building of the Association. Tho note was not pnid at maturity and the in. terest was only paid up to Oct. 1, 1875, Ap- plication has been frequently made for the payment of the note, but in ecach instance hins beon refused, and now the validity of the deed of trust is denied by the Associntion, n legal opinion to that effect having been ob. tained by them. If these statements ag set forth by this bill are true, it explains how the unfortunate negro depositors of this bank wore swindied out of 33,000 of their money, and suggests to AMoapr and SANkey that they may finda very profiitable fleld for their Inbor in Washington. REPUDIATING STATES. "The apeech of Mr, Disnarnt at the Lord Mayor's festival disclosen the nlarm of the British people at the progress of repudiation. The Turkish national debt, amounting to £195,000,000, one-half of which that Govern. ment proposes to repudinte, and the Egyptian debt, which is also large, are mainly lLeld in Eogland. The Turkish loans have been put on the market at various rates, and are se- eured by gencral nud special pledges of taxes, ‘There hins been for several years an annual deficit, avernging 80,000,009, which has heen adroitly concealed in the Government ainte- ments. In round numbers the public debt of Turkey is £1,000,000,000, aud the decline in the value of Turkish securitics haa been very heavy. The debt of Egypt is of threo classes: 1. The funded debt; 2. Floating debt: and 3. Personal debt of the Khedive, These ag- gregate $U00,000,000, and the valne of the bonds have also deckued. These two calami- ties, happening almost simultancously, have drawn attention to other inatances where the Fuglizh people have been lending their money to faithless borrowers, In the list of other Govermmnents in default are the following: Tery.... £ 3 Argentin olivia . Brazil chil, Conta fiica. Taragua Hpanis Urngy Veuezuela Total.... for an amonnt exceeding £50,000, which ho claimed ns hin share, but quietly pocketed the documents in the suit, so that they wero not mwdy publie. Jidgment went against Mer. Muvrnnen by default, hut the case has been reopened fo give tha defendont o proper henring, Of courso it must e kept in mind that this is only one side of the story, and that, if Mr. Meeruen contests, he will set up that lio never made any such agreement, Muetien's sido of tho enso remains to Lo heard. It was naturally in the interost of both partics to keep the developments from the public gaze, whatever the trna version of the story proves to be, Mr. Moenten, daring the doubt that hung over his contract while work was sus- pended on the Custom-House, was presumne bly anxioux that there should be no suspicions Ineluding Turkey and Egypt, the aggregate debt of the erippled States is in the neighbor- niood of $2,550,000,000, and.the English peo- plo hold a very large proportion of these debts, It will be readily understood, thercfore, ! how Mr, Disnakur, representing the great uation of capitalists, should, at a London fes- tival, give his attention to tho greal subject of financo nnd to the subject of repudiation. Of all the tho crimes which nations may commit, thers is none which so seriously in- jures the peopla of England as that of repu- diation, nor is financinl honor so highly ro- spected clsowhere. Thero aro othor money- lenders in Europe, and some of these hinve suffered severely in their investments, par- ticularly thoso who have purchased largely of Americau railway stocks and bonds. Repu- distion has becomo o word of terror in Fnropo, aud so extensivo hns it become among tho minor States that it is moro than likely that diplomatic complications will eventually grow out of it. Certain it is that the saveral States in default have reached the limit of their credit. No amount of interest they may offer will tempt tho monay-lenders of Europe to advanco them any more meney. Thoy wmust resumo payment or lose credit among recognized nations. At the recent bonquet of the London Municipality, the Ministers of two of the Contral American and one of the South American States were excluded because of *irvegularities” in the financial affairs of the Governmonts of thoso States. May we not find in this proceoding tho beginning of a principle of international intercourse requiring striot fSnancial integ- rity ¢ I 8tatos which aro partiesto frandulent loans, or which fail to meet theirfinancial ob- ligations, are to be excluded from diplomatio intorcourse, and practically censo to be recog- nized among nations, the penalty for finan- ciol dishonor will become a serious one, eapecially among tho smaller Governments, ‘which have, unfortunately, pmd little atten. tion to keeping up thoir credit. The require- ment of fidelity to financial obligations as a requisito for diplomatio relations is not per- haps inconsistont with the universal growth of commerco. The ago is B practical one. Commerce js the great regulator, and tho ‘bankrupt or dishonest Government may, per- liaps, be treated Ly other nations as is the bankropt and dishonest merchant by his commercial associates. THE ERROR OF LOBBYIBTS, There is an old saw that experiencs ought to commead to professional lobbyists, viz. : “A bird in the handis worth two in the bush.,” If thers had beon nothing to go on but the oclebrated Count Fosco's carecr in Washington, and his subsequent necessity of suing for what ho claimed as his share of the profits in tho paving-contracts, after ho had disbursed thousands of dollars of lobby. money, it ougbt to have been enough to warn other gontlomon ongaged in the *in- fluence” business. But there havo been mavy other instances equally atriking. Con- tractors, like Republics, aro notoriously un. grateful, They will promise pretty much nnything prior to getting their contracis for intluenco or ssslstance that will lead to the procuring of the desired contracts, but after the contracts have been obtained, the con- tractors are apt to forget a division of the profits, The experience of Mr. Hinpaup, of Cincin- nati, in his relations with Mr. MueLLes, who furnishes Buena Vista stons for the Chicago Custom-Houso, scems to have beon of tho samo general character, if the story told on behalf of Mr, Hispanp fs correct. When Mr, Mounsrer was struck with thoe brilliant idea of furnishing stone all the way from Cincin- nati for the Ohicago Custom.House, Mr. Hippanp was willing to Lelp on tho project. Mr. Hinsakp, of course, had * influence”; oll men hove who are willing to assist for a congideration, Bo tho story goes that Mr. Hinpanp ngreed to use this influence in be- balf of Mr, Mugrren and his Buena Vista stone for n contingent remuneration, Mr. Hiswunp alleges that he was to recoive 15 conts on ovory foot of stone furnished for the Custowm-House in caso MosLres got the contract, and thut this agrcoment was mode in the presenco of two witnosses but not reduced to writing. But, if there was any such agreemont, Mr, MurLLek declined! to abide by it after he got his con- tract, Perhaps it waa because in taking tho contract ho was obliged to covenant thet no membor of Congress, nor other person not ineutioned in tho contract, should ba admit. ted to any interest therein. Perhaps it was because M, Muxrixe, like most other con. tractors, was forgetful and ungrateful To continug Mr. Hipmann's story, however, it tiay bo atated that he made repeated applica- tious to Mr, Muzirxs for his 16 cents per ,lnot. but that he didn't get one fustallment, Thereupon Mr, Krsmaso suad Mr, Mumaza east upon the validity of his contract, which such an agreement o3 Hinnanp nlleges wmight vitinte. On the othar hand, the courts have alwaya refused to allow lobbyists any compen. sation for tho use of their *‘influence,” nud have held that nuy rgreoment of that nature is fraudulout; it was, therefore, certatnly in Hinuann's interost to press MuELLER to o settlement without making the ease public or pressing it to a trinl. It would have boen better in either case to avoild publieity, which both parties scem to have thought they had done; but now that Hisnann’s sido of the case has been given to the publie, Moerruer will probably seck publicity for his version, and all the facts ara likely to como | ont, The, desolopmonts ara already sufflcient, howover, to attost the corrcetness of the the ory with which we set out. The moral is apparent. Gontlemen with **influence " who have dealings with contractors shounld oxsct theirpay inadvanceand unconditiounlly, They can better afford to take 8 couts a foot, for instance, in haod, than o promise of 13 conts n foot contingont npon securing tho contract, It may prove that the *“influenco ” i not so eflieacious as it had been represented, or that tho contractors may Lo of short memory, or that tha fraud of such a contract may bo set up. 'The lobby budiness, it may Lo sid in a general way, is in contempt, and it cannot be expected to attract very mmch publio sym- pathy for any injustice that may grow out of it. — A FEARFUL WARNING. Tt is not well to pa by ay o meve curront item of news a tragedy of such ferrible social wrarning s the Inte New Vork suicide with. out giving it tho applicntion that society should put wpon it for its own sake, Tho deatl of Mrvae Rooxr has mare significance than its personality, which ig tho suicide of o {enlous and abandoned womnn. Sho was lis- ing a lifo of olegnnco in ono of tho most fashionable quarters of New York City, and possed as tho wifo of o prominent and wealthy brewer. Sho must have had some of the gentleness and retinemont of o vire tuous woman, or she would not have been content with the quiet life of nwifa in all ex- cept the namé. Sho is described g having been eoxtremely beantiful and fascinating. Her paramonr testified ot tho inauest in tears and sobs that their lifo had boen a happy ono in every respect excopt the young woman's jenlousy. Ier nature scems to heve beon as delicate nnd impressivo as that of s sensitive plant, and she was quick to joy and sorrow, to affection and jealonsy, to love and fenr. She sought death for hersclf and brought disgraoe, remorse, and wrotchednesy upon the man she loved simply through her fear of hiy inconstancy. It wns o condition of mind that no man or woman can escape who lives in such relations. Hed sl beon a wife, there would not havo been tho ever- recurring conscionsness of the frail tenuro of the bonds between her and the man who ought to have been her husband. Had she been a wife, the very chamctoristics that be- trayed hor into n suicide’s death—strong love and pcute sensitiveness—might have onabled her to render thoir home happy ss well as elogant, virtuons a8 well as luxuriant, joyous instend of lonely, confident jnstend of doubt. ing, permanent instcad of flecting. Lifo in. stead of death for the one, and respect in- atend of publio disgrace for tho other, would havo been the difforence betweon Inwful and houorable aud unlawful and scandalous re- lations. In contemplating such a pictare, the thought which should occur to every man and woman is that the social laws which are tha ontgrowth of civilization cannot be vio- lated with impunity. The moral js not one that will ronch women who have given them. selves over to vice, nor ;nen who are wholly abandoned and viclous in thelr habita and tendencies, but it should strike home in the hearts of every man and woman who has been or is now exposed to the tomptation of setting nside the dictates of morality and the proprieties of socinl life. This cannot bo done without the constant menaco of a ter- ribla denouement. 'The catastrophe is almost sure to come sooner or later, and with it a terrible death, or scathing remorso and oter- nal disgrace. The only compensation in the occasionnl rocurrence of such tragedies as thas of Minor Roone's suicide, in circles ont- sida the pale where vico is common, iu that thoy muy scrvo as stunning warnings so thoss who are violating soclal laws or who are tempted to such a violation, It is very natural, it ia true, to imbue such bhistorles at o distanco with a color of ro- mance and socinl position which the scandal did not really have. But, in this case, it is certain that ot least one of the guilty parties had a business and social standing that ought to havo deterred him from risking his life and reputation in the subversion of laws nocessary to the safety of soclety. That this contempt for all social and moral considorn- tions waa exhibited in the very midd of a community which s accredited with the ligheat intelligence, the best education, osnd the most eficient influences for restraint, is o partial evidence of a greater sprend of im. morality of this natare than one is willing to believe. Ifit stood alone it might be dismissed na simply repulsive, without giving it the at- tention due to & great social dauger; but such revelations, with more or lew of o tragic ending, bave boen #o frequent of lato years in all largoe cities, but particnlarly in New York, that the Social Beienco Congress should give soclety morals special considora. tion, and reformers turn their suggestiveness and labor in tho sawe divection, It is pot unlikely that a revival in morals proper might do society more good than a goneral rovival in religion, wlich slmply includes worals as a part. The duty on {ngot capper {4 5 cents.per pound, * which protects the copper-mines A1 tho United States and ensblea them to get 5 cents per pound more than foreign copper could be sold for here if there was no duty." Foreign copper can be imported and sold in New York for 19 cents & pound. The duty salsen its price to 24 cants. * The American copper-nine ownars kesp the price of their coppor at™an averngo of 23} conts, which keeps out foreign copper ; but as the Amer- ienn mines prodites a very mucl larger qunu- tity thon is consumed in this country, they aro obliged to ship largely to Earope, whero they sell it at 19 cents, Tosw freight, which pays a handsomo profit.” Wo tnke thess facts nnd quotalions from the columus of s florco advocate of protection, the Hoston Ad- vertiser. 'Fhey show that the Amorican mine- owners soll their copper nbrond, after paying freight on it, for Scents less than thoy chargo tho American consamer. Is thero any renson for the continuance of this robbory ? IHalf tho copper produced in the country is mined Iy one corjloration, and that company has more ifluence at Washington thau tho mill. jons of copper-usors can exert, If the next Cougress Iries its hand at cutting down duties, it will have it admirable fiold of offort in this shamefal tax on copper. et e en BPECIE PAYMENTI AND THE DEBTOR CLASS Anothor correspondent discusses this morn. ing the cditorials in this paper on specie paymonta and the debtor clasa, In our article wo suggested that s 4 per cent bond nt the present prices of money would be worth from 60 to 85 cents. Wo mnde 1his estimate beeause tho Government & per cents are worth no more than par. This would indieate that money in comparatively long bouds is worll 5 per cent in gold, and that bonds benriug 4 per cent interest would soll for less. Wo did not propose Lo mako the funding of the greenbacks compnlsory. That should bo optionnl. Whnt wo suggosted was that the bond issued in placo of tho green- backs should proserve their character as o legal.tonder ; it would bo the greenbacks in another form, and bo a legal-tender in pay- ment of all contracts 1ade prior to s date in thw futuro to be designated by law. All new cuntracts would of coursa be on the basis of a coin payment. To compel ¢reditors to take n 4 percent bond in pnyment of debts wonld not change tho obligation they are mow undor of taking greenbacks which Lear mo interest. Tho bond will slways be worth 100 in greenbacks so loug as the latter are not redeomable in gold. Ihe fact that green. backs wero worth 9f cents in 1873, and aro now worth only 87 cents, and that it would o unjust to compel creditors to aceept paper worth 87 In payment of debts contracted when money was 94 conts, lins no bearing upon tho subject of allowing holders of the ourroncy to surronder it and take bonds therefor. It is perfectly consistent with the powers of Congress and sound judgment to fix a doto ‘beyond which paper money shall not be & legal-tender for any contract made ofter that date, Certainly, thoro can bo no injustico to dobtors in any such arrangement, when, ot tho samo time, provision is made for tho re- demption of the groenbacks themselves in o nntional bond. Greenbacks aro a legal- tender in payment of all debts. No one can bo compelled to make n contract payable in poper money. To provide that greenbacks shnll not be a legal-tender for any debt con- tracted after a certain day in tho future can- not be called retrospective or retronetive log- inlation, even if wuch logislation was pro- hibited. It would leave the greenbacks, so far a8 their legal-tender character is concern- ed, just whero thoy are now. No rights or cquities of either debtor or creditor will be violated or invaded, and debtors will have greenbacks or the bonds as legal-tenders with ‘which to mako psyment of debts so long as a debt payable in currency remsina to be nid, 2 It is pot proposed to banish greenbacks from circulation. All that s proposed is that o now set of books shall bo opened. Instead of doing business on o system of valuea fluc- tuating from day to day, it will bo doneon a ‘bnsis of specie yaluos, The currency would circulate in all parts of the country na it does now in California; would bo received on de- posit and paid out at its coin valuo. The business of tho conntry would be carried on in actaal values; nnd it would revive and in- creaso .a4 it can nover do until thero is o re. turn to specie values and specio payments, BANKIRG ON ‘‘FAITH." Co-operation has won 60 mony succosses in England that the word is often used to clonk the schomes of rognos. Tricksters try to inspire confidence with it. Private firms advortise themselves as a co-operative com- pany, but the only division of profita is be- tween the knavish partners, A most onrlous oxamplo of this method of decoption or of financial folly has recontly boon exposed by the London Z%mes, which has been in turn sued by the “ Co-operntive Crodit Bank” for libel. The O. O, B. waa cstablished at Lon- don, but it haa thirty branclies in as many provincial cities. Besides the ordinary ap. plinnces for carrying on o banking bunsiness, it possesses a woekly newspaper and a stafl of leoturers, whose duty it is to preach the gospel of oco-operative orodit, the science of making somothing out of nothing, to won- dering and gullible mechanics and Jaborars, ‘This unique machine {8 run by a Fellow of the Royal Geographioal Soclety, Mr. Riosanp Bavyes Oannry, who has four obscure trustees to help him. Ho is not embarrassed, however, by any Board of Directors, and he conceals the names of his stockholders for certain flimay reasons. We are inclined to think that the initials of all the stockholders aro R, B, O. The letturors tell their gaping audiences that tho one thing needfal is ¢ gaith,"—faith in Riciasp Bannen Oaxrey. That gentleman will kindly receive any de- posit, even though it is but naingle sovereign, and will pay 18 per cent intorost onit. He ia so nocommodating, io faot, that nobody need hesitate to open an account with him bocause the whuld-be doposltor has no money. Under such circumstances, Mr. Oaxvey takes a note, payablo in #0 deys, but renowablo until farthor notico,—and pays the customer 12 per cont interest on tho note! This {s cortainly a new extension of credit, It it could only be genorslly introduced, the present painful necessity of writing an occa- slonal promisedo pay, ninety days from date, would becomo a pleasure, anda permanent one. But we fail to see why any one has intrusted Bfr. Oaxvxy with any cash, Why Land him o sovereign and got 8a 7d interest, when a note for two sovereigns, indefinitely renewable, would draw 4s 1047 What a Dblessing Mr. Mioawpes would have found {n AMr, Oaxrey. i Tho idea of co-operation is carrled out by making eovery depositor a stockholder to the amount of his account. The interest pald may seew munificent, but it ia insignificant compared with the profit renped by the AMan- ager. Mr, Oaxvex's own figured show that an aggregate capital of £0,050 has been so skill- fully handled that it hasylelded & profit of £8,707 in three months, This is at tho rate of more than 850 per cont per annum, 80 that R, B. 0. could pay his depositors 100 per cent in. terest and still olear a trifie over 250 por cent himself, The Anancial legerdemain by which suck profite ave made is not stated, Could {4 be ? Thoro aro no means of knowing whether tho accounts nro corrcet, inmsmuch as Mr. Oaxrey iv not hampered by any Bonrd of Di- rectors, and consequently publishes his fig- ures olaly on his own responsihility, Aro these figures of the sort that cannot Ho? We fear this new method of bank- mg on “faith” will not bear closo inspection. Qur ferrs increase, indeed, when wo learn that the prime cause of the London . Zimes’ attack upon the Co-operative Credit Bank was its attempt to float the honds of a certnin Ameriean railway of dublous ropute upon the London market. It may be that Mr. Oaxrey, F. R. Q. 8., is merely n fauatical follower of Ronznr Owry, and belioves that the Iatter’s famous devico of **Inbor exchanges " ean bo 8o brondenod and improved that ensh can be altogetlier dispensed with and credit take its placo. If %0, Judge Kertey hav one congeninl apirit abroad. But'R. B. 0. may be an astute swindler. Hin stocklolders have paid their money, but they mny be denied the privilego of mnking their choico between these two alternatives. Co.operation nud cash have won mauy victories together, but credit has olivays beon fatol to co-operative enterprise, If workingen want to go into the banking business, they hnd better take the plan sketched for them by Scnvirze-Denrtscu, 'I'nat hos been tested Ly years of trial, and dooy not—we add in praise of it—pay men 12 per cont interest on their. debis. ALIERICAN COTTONS ABROAD. The export of American ,alicoes to Man. chester continuos. The trade.is o small one, but it seoms to ba incrensing. The Ware- housemun and Drapers' Jouraal of London suggests an cxplanation of such a pheneme- non, not uncommon fifteen years ago, under alow tariff, but unknown since protective duties confiied our maunfacturera to the home market. The oxplanation is ingenious, very., Itis nlso partly wrong. Wo guote: ¢ For gome time pnst it has beon known that Ameriean ladies traveling in Furope uni- formly refuse to purchase cotton goods mede on this sido of the Atlantic, and rend to their own conntry for supplics. Messrs. WaNR- Ly, O'anron & Co., of Manchester, thought it important to inquire the reason. They found the Amorican fabrics mmuch belter in quality and appearance than the Eu- ropean monufactnre, and the first ship- ment that hos over been made in the ordinary courso of business to this country has just renched them," The Inst clouse is erroneons, Cotton goods were shipped di- rect to England in 1859.€0. It is said, but not, we believe, upon tho best of authority, that toxtilo fabrics were exported from this country as far back as Queen ANNE's time, The colonists of 1700 shipped silk to the mother country, ANNE's coronntion robes were mnde of Awerican silk, and Lord Cntsrin. rieLD alwnys kept & stock of it at his tailor's. It is not probable, however, that silk and cotton went together. ‘Wo doubt whiother American cottons have been exported to meet the demandsof Ameri- can tourists. Our countrywomen abroad do most oftheir shopping in Paris, and prefor ilk, and tulle, and laco to calico, In fact, tho calico-clnd American iz one of the sights which Earopean eyes have yet to see. Iow many ordoers for American cotton bave our merchants received from these ladies who “uniformly " send here from Europe for such goods? " Tho renl ronson of the new trado is con- tained in the Drapers’ Journals statomont that the American. fabties pra, ‘ much battor in quality and appearance than the Enropenn manufacture,” English manufacturers, greedy for gain, have stoopod to every imaginable dishonest trick. Their calicoes are mado of rotten thread. Foroign substances, pernis cious in thoir nature, are introduced into the cloth to give it weight. Cheap dye-stulls which spoil tho material are used. A genoral complaint comes from Hindostan and Chiun that the Dritish cotton goods aro ** cheap and nnsty,” whereas thoso of Awerican make, which the Hindoos and Chiness got Uefore wo prohibited exports by tryingto prevent imports, wore cheap snd good. Our fabrica are better than the English ones, Given a fair field, thoy would drive tho latter out of it. ‘Tho provalence of dishonesty in tho Manchester mills is shown by the additional fact that Belgium has recently boon exporting cottons to London. The English manufac. turers are beginning to realize that honesty waould have been their best polioy. The International Free Trado Alliance, an organization which has its headquarters in Now York and correspondents throughout the country, held its first public meeting a fow days sgo. The creed of tho Alliance do- mands absolute free trado,~—the abolition of all duties,—so that Amerioan and English- man can trade togethor os frecly ns IN- noisan and New Yorker. The Sacretary and Manager of the Alliancois Mr. Apnamax L. Earne, Daputy Comptroller of Now York City. Porsons throughout the country who helieve eithor in froe trade orina tariff for rovonuo alone, and are willing to justity their faith by work, would do well to put them- selves into communication with Mr, Eantz, The Evangelical Ministers’ Associstion of Cin- olnoati have mado a formal protost sgaiost the use of the new Cinclanst! Club-House for the purposes which ils ownera have inview. The ministers aver that (hose purposes are ** liquor- drinking, card-ptaying, and . other games of ohsnce,” Bloce when has liquor-drinking boen “agameof chance"? It haa beon regarded heretoforo 88 a doad eurc thiog, sl the chances boing in favor of the desler, If it resllyls “*a game of chance,” aud the player can possibly gaiu apything In tho long run, men of gense may veutaro to fill to & flush of cocktally occa- elonally. Bat with thelr presens light, no doubt, thoy will profer to avoid lquor-drinking alto- gether sa too dangerous & sport for resl nmuses ment, In othor zespects also the protest of the ovangelical mintateraof Cinclnuatisroe objaction- able, Itsargumonts are based on preinises thatare uot granted, The maln purposcd of respectable clubs are not *¢llquor-drinking, canl-playlng, and otbor gamos of chauce,” but eating snd soolal intercourso, Moreover, the Cincinmati mivlsters bave mads sheir protest rathor late n the day, eince the new club-bouse in that city I ncarly Gnised, and it is not adspted for any other purposes than thous which its ownera had in miud whon they contyacted for the building. et ay i Rusai ms to have played a sharp game ou the Ithao of Khoksud sud his aubjects, BShe be- #au her operations by ssnding an embazsy tones the Khan, Theu she marchod sn army in ¢hat direotiou. Eoglavd grew slarmed, so much eo, fodeed, that a Russian General was sent on a speclal mission to Loodon to assure Joln Boll thas tho Bear bad no Idos of toncking Khokaod, 1In the light of our present dispatches, we may be permitted to doubt whather the Bear was not deliberately decelviog the Bull. Cerlala ftia that when & Ruselan army got, near enough Kuokaud to atrike effectively, a sudden and wyaterious Insurrection forced the Khan to flee for bia life. o was succesded by apother Khoksnd potentate, and then Xbsu No. 2 foll victim to another insurrecsion. Neither of the revoita has bad any appacsal £easos, but it (s nod aa insredible sup- position that both wore planned in tha Ruestan camyn At any rato, tho llusainum hava wotzed the opportuaity tu dectara that the Ktigmag, 1uual ovidently have a strong Government, The’ o kindly supplied part of tho provinco xrn; o ruter by annoxing it to the Russiay En. 1iro. Tho ear will not bo sabisfled with gyq bitos e will awallow tho rest of Kuokand ey long. Thon the tompting morsel of Afghuniay, will bo juet bofora him, e The chlel obataelo kithorto oncotnterad {g operating tho silver minos of Colorado, Utay nnd Nevads, has beun tho diflcaty and expene: of reducing the ** rebeliioun " ores. From m“‘ of the mining disteicts, untii a comparalively p cent date, tho oro was shipped to Hmuub Walon, for roduction; and oven to Germany ;..;: with tho extonsivo work.« tharo in oporation, thy yleld baraly aufllced to pay oxpenses. ln’ \h' miniog dixtriots tha coat of rodnullmllbi(bnn; hiaa ranged from $26 Lo 2100 por to, and th 1rom tho most stabborn ores but an hv¥orago u,: Gt yier eent of shio bullion alown Ly fBsay wyy obtained. Tho result way that the Mining of ores sielding less than 50 onncos to thy ton lins not paid, My tho now conoepipey tion " syatom, however, it i3 clumod that ory yiolding but 25 ouncos per ton can b toined profitably, and correspondiug activity o g minjng districts in prodictod. Improvamanta m: thie hike nealo bave rocently boan futroduced ig **placor"-miving in Caltiornia, whicy recant]) was rapldly boing abandoned an unpmxiunl' nud the succossful expariments now Laluy m;; lo the Tablo Mountain district jn Opening thy Lods of rivers of tha pliocene cra are encouts jug similer entorprises. Although the em‘c%; of tho Iato disastor at Virginia City Lave not baon repirod, work i3 progrosaing rapidly, and tho indicutions aro that tho lonanzs and ot mmea of tho Comatock lode will ahortls bo up. erated ou o larger realo than bofore, |’\uduu claimed that the bullion yield, which for somy Fears lbas boen in the noighborhood of Bixt; mitlions per snoum, during tho ensuing yeu will amount nearly ono hundred miltions, Ineluding tho Legtalaturea chosan at thy ht nloctions, tha Roepublicans bave o wajority {y tha Gonieral Awsembly of sixteen titates, namoly: Towa, Kaneas. Maine, Museachuactts, .\llchlgm‘ Minucuots, Nobraaks, Nevads, Sow Hampsiire, Neow Jorsey, Now York, Obio, Ithodo Island Houth Carolina, Vermont, nud Wisconsin, Tly Demosruts and Opposition bave a majority o tho Logislntures of Alabamn, Arkanaas, Califor. nis, Connacticut, Delaware, Florida, CGeorpl, [Mtinoin, Indians, Kentucky, Louisiana, Mare: land, Misnissivpi, Missouri, North Carolina, Ocer rrou, Pennsslvanla, Tennesreo, Toxas, Virglola, Vost Virglnla,—in all twopty-ono States. Floti. dn, IMlivols, Louisisna, Misslasippl, North Caro. Yina, and Penvayivaula hiave Ropublican Govern. ors sud Domocratio Legialatures, aud Novads, Now Jersey, snd New Yerk, Democratio Gove cruors sud Ropublican Teelalatures. As cort. pared with tho vituation o year since, the Roputs licans bava galned control of tho Legisiatures of three States, which in one of the mauy indies tiony of tho diraction 1 which the tidal-wave is swoeplug. EOERE— A cotrespondent inquires whathar it waa thy ro of Gizrart Masscy or of Judzn Boors which cauned tiie Trnstoes of tho First Mothodist Chburch to oust the Philosoplucal Soctety. tva betiove both Genrarp Magscy and Judge Bootn woro copeerned in tho matier, though only e latter wns mentioned 1 the ofllcial mnotico to quit, ‘The Hocloty, for its part, vecognized mud spologized for tho indeconcy of Mr. Massiy's Tecture, but it etood by Judge Booru throaghe out. Atthat timo Judge Boora was a Vico- Presidont of tho Socioty, and bia leotuso was charactorizod by such broadth of fesling and courtesy of mannor that no philosopber coald posdibly condomn lim. Gerato Massky, on tho other hand, raved about doctrines whish wero rapuguant not meroly to tho opinions bat evan to tho common sonse of bis auditory, The impression at tho timo was that neither Judge Roorut’s vor Mr. Masser's Jocture singly would have provokod aétlon by the cburch authoritiea; but tho two togothor seomed to indicato s et tlod stato of foeling in the Boclety which the Trustecs declined to assist in propagatiog. The old question of a spocial Providence hss been rovived on tho Pacifio Slopo by tho Virgivis City fire. The Hev. Dr. Counnizomay, of Bio Francleco. in o recont sermon. declared that the baplosa clty was singled out for deatruction bo- causo of fts sins. The Virginis City Chronicle notices Dr, CuNNINGIAX'S germon with coa« eiderablo acorbity. It says Nr. CusNiNouAM's God “died soveral centuries ago.” and that hit theory must proceed on the sasumption thit God moved Crazy Kate to get full of whleky, and {nspired her to kick over the lamp that started the fire, At this distsnce from the scene of conflict, Tire Tuiorye and 1ts restenn can afford to express no opmion on tho subject, except in 8o far ss they may condemn Crazy Kare witbout qualification or dissont, Whsther inspired or mot, Crazy Rate deserves to ta punighed by speedy {ncarceration iu the cala. booso. In any viow of tho caae she can soarcely be rogarded as & saint. ———————— Gronor WiLLIAM GunTis, in his leador in Har per's Weekly for thio waek, sayu of the lato elec- tions that thay **aliow whst waa not evident sit and weven months ago, that the Republizans csu elect the next Prosidont. But thoy esanot da it simply by nomivating a cendidate who has beon known os a Republican, not by simply trusting to the party machinary, They can do it certainly by nominatiug s wan who i ‘Thimeett a platform, and whoso csndidsture would be fo itself the proof that tho highost and most patri otloepltit in the party contralled its concilt. Wa ngree with the Now York Zimes that thery musat bo now men namod—men, that isto sy, who ara not assooisted and Identided witn thoss thinge that defoated the party last year, ant which bave alienated 4o many thousands of 0 old supporters, The Galveston (Texas) News gravely asiumes that Gen, 0. L. Manx's organization of ** ballote box guar whloh did such sorvice on election day, wes » military organization; that It w8 part of the Btate milltin under arms, calted ot Ly the Govesuor, and put uuder the command of 3Me).-Gan, O. L. Maxx. Bo rogardlog the caso, the following quotations from Gen. Maxy's v struotions bave a moat portentous look: Fach Captatn should koep his Lowdiusstors st ibe contral pracinct of the ward as much as ponsitis, Té dugeret uards are tove vlaced by the side of the judaeé of eigction, Tho ‘lexas papor, after reading tho instructions to place tho armod mititismon by tbe side of the judgea of the oloction, seriously asks: “'Are W& approashing the days of s Wilitary Govern mont?" Is Gen. MaxN propared to snswer? —————— Tho profect of Gay, Titogy acd hig backers for the Presidoucy, to make Ksus, of Indisns, Bpeakor of tho noxt House, enconnters the op position not only of the Obio jotlation Democra: oy, but of Goy. Huxpuices and bis followisg. wlio foreses Lhat the fact that Indisus bad it Speakership would militate agaiust bis (R DRICKS') prospects for the nomigation in the Domocratio National Couvention nest year. cordlng ta » recont Washington special in Tot TRIbUNE, & plan ls now oo foot for rocouciliog tho factiona for aud sgaipal Kena by compro wmiging on ex-00v. WALKER, of Virglais, l:: though an autl-inflatton Demoorat, is wdt x tastoful to tho Western Dowmoorscy, while it claimed ho will dovelop atrong support among tho Bouthern membeni. e e aro in receipt of the thrilling nens that ono detschment of the Rusalan army 1o &‘enlxl- Asis Liss marobod from Lake Bugdaily to Tacb! Kkischljar, and is now about to go to Lako Thohad Plie cousonants are sadly abuved in Centisl Asise ey The funny editor of the Interior- 1l the rer liglous nowspapers bave fusny oditors nowadsys " 3 —gets in s terrible ' facer," A8 Ap1RONDAC 1d say, on bis rival io the e o Mangard maan bad asld, (o ble boe morous way, thal bs had “aesn Presbyteciat