Chicago Daily Tribune Newspaper, November 23, 1875, Page 4

a TERMS OF THE TRIBUNE. RATES O SUNKCRIPTION (PAYATLE TN ADVANCE). Pastage Frepald he this Oflice, Daily Fdition, post-pald, 1 year. ... ceneenn $13.00 Parts of year at sama rato. 100 Lo Gul) io Qne copy Glub of P Clubof twehty, per copy. The postage da 45 centa & year, which we will prepay. Bpecimen copies sent fres. Toprevent delay aud mistakes, be sure abd give Post-Office addrees in fall, including Statesand County. y be made etther by draft, express, o ritk, TERMS TO CITY SULSCNINUAS, Dafly, delivered, fiinday excopted, 23 centa per week. Daily, deliversd, Sunday fuctuied, 30 centw per week. Address THR TRIDUNE COMPANY, Corner Madizon anit Dearbor NEW CHICAGO THEATRE—Clark’ street, hoatween Tl-mdnlxgl and Lake. Engagementof Kelly & Loow's Minstrels, v HOOLEY'S THEATRE~Randolph street, lelwsen Chrkand Lafialle. Engagement of tbo Califoruls Miustrels, ADELPHI THEATRE—Dearborn_atreet, corner Bonros, Engagement of the Kiral(y Troupe, ¥ Around fthe World In Eighty Days,” WOOD'S MUSEUM—Manroo strect, between Dear- born and State. Afternoon, * Married Lite.” Eyontng, ¥ Mary Warner,” & MOVICKER'S THEATRE—Madln Dearborn aud Btate, * The Jewess, treet, Lotween HALSTED STREET OPERA MHOUSE — Halsted afzeet, corner Harrison, MacEvoy's Hiburnicon, FARWELL HALL—Madison atreet, botween Clark md Laalie, . DuQulacy's * Tour of tho Huly Land.” UNION PARE CHURCH—Iaocturo by Ann Lliza Young. Subject: * Aly Life In Bondsgo,” ———— e e SOCIETY MFETINGS. ATTENTION, SIR KNIGHTS |—Spesial canclava of Apollo Commandery, No. 1, K. T, this (Tucsdiy) eve- aingat B o'clock, for work on K, T, Ordur, Wirdnea- Esy afternoon, 8 o'clock aharp, epa-fsl conclave for xork oo Order K, C, Wedneaduy cvcming, at 8 o'clock, tpacial conclavo for work on h. T, Ordes, Visiting Bir ghta courteourly Invited, 1y order of the E, €, B, I, W, LOCKE, Recorder. ORIENTAL LODGE, No. 33, A, F.and A, M.—-ITall, 12) LaSalle a1. 8pecial comntunlication this (Tuesday) evening at 7:30 o’clock starp, for work on the 3d Dn- ATee, Viaitors rordially invited to moet with us, By order of the Master, I'. N, TUCKER. Se2'y, The Chitags Tribune, 1876. Tuesday Mormpg, November 23, Greenbacks, at the Now York Gold Ex- change yesterday, opened at,87}, rose to 87§, snd closed at 874, By the death of Viee-President Wirsox, Senator Tmoxis W, Ienny, of Michigan, President pro Lempore of the Senate, becomes next in succession to tho Presidency in cose of tho denth or resignation of the President. ‘The Chicago Common Conncil Iast evening adopted unanimously resolutions of regret and respect in connection with the death of Vice-President Wirsov. Similar expressions by public bodics were given yesterdny during the dsy and evening in various cities of the Union. Nothing conld be more gracoful and ap- proprinto than the prompt tender of the MMaryland Fifth Regiment as the guard of honor to necompany the romains of Vice- Prosident Wirsox to Boston., The Fifth will e rewembered na the regiment whose pres- snce and participation wore notable features st the Bunker Hill Centenninl. The Lake-Front matter still hangs fira in the Common Council, and the course of some of ihe Aldormen, of whom better things might e expected, gives color to the supposition that on individusl bonus is tho only thing that will clear awny the fog that has so long surrounded the quostion. A resolution, of- tered by Ald. Sravinma last night, intended to provide for the dissolutionof the injunction granted by Judgo Drmnvonp, and thus ro- move the only possible uxcuse for opposing tho salo of the property, was referrod toa Committee; whilo another resolution was adopted calling for information as to whether - the Illinois Central Railrond was willing to pay $800,000, There was a grent deal of buncombe about riparian rights, but nothing to show that the Council really moans to sell tho Lake-Front. Polico-Superintendent Hickey's policy re- garding the trentment of the criminal classes —that of spssmodio and seccrotly-arranged raids with a view both of kecping evil-doers in a atato of constant suspense, and to pounce upon thom unaweres—will apply effectivoly to the gnml:ling-hguucn, and should not bo ::eskicmd to the sacial evil. What ia needed in order to suppress tho gaming.dens is the adoption of o aystem of sudden and unlooked.for raids, whereby mno porson can enter one of thess estab- lishuents withont perpetual peril of ar. rést. Once letit Lo well understood that tho polica are liablo to appear at any moment, and the hopses will lose the patronage neces. sary fo their cxistenco, By maling gam. bling unpleasantly dangerous, Superintendont Eicxry can make it searc Through somu unaccountablo error or in. advertence on (he part of onr usually accu- mto and trustworthy correspondent at St. Louis, a dispatch from that city was pub- Yighed in our issue of the 15th inst., connoct- Ing the name of Mr. D, A, Janvany, & woathy and highly-respected merchnnt, with the indictments found ngainst members of the Whisky Ring. Tue ‘Tmisuve never knowingly asperses anybody, and, while keenly regrotting the error and injustice in tho case of Mr, Janvany, we cro glad to bo able to ropnir tho wrong and to stato with greater positiveness aud give tho statement a prominonce éxceeding that of the original 1nistake, that tho assortion cou- : pennity of his offenses, ing at 80Jc. Rye was steady, st 63@6sie, Barley was dull and Je lower, closing ab 23}e eash and 8ic for Decenber, good demand and were strong, selling at £6,76@7.25 for common to prime, were firm nnd unchangal. at e 6 common to choico, demand, at $3.00@4,00. One bundred dol- lars in gold wauld Loy $114.62} in groen- i Lacks at the close. The trinl of the ex-Supervisor McDovatp was concluded at St. Louis yesterdny, tho Jjury returning a verdict of guilty upon each of the eight counts of tho indictment. Not all the loud protestations of Innocence, tha brazen aspact of indifferonee and confidenco of ncquittnl, the arrogant boasts of the friond- ship and support of partics high in ofcial position, the skillful and zeslous Iabor of eminent counsel,—neither nor all of these availed to save Lhe guilty man from the just 1l was afforded a fair trisl; was permitted to prove previous good character by summoning as witnosses distinguished men who could say that they had previously known nothing bad of the aceused ; was given overy possible op- portunity to establish his own innocenco and to impeach his aceusera ; but a jury of twelve honest men found him guilty of conspiracy to defrand the Government in whose service ho bad beon awnrded a position of honorabla trust and responsigflity, Judge TaraT an. nounces his determination to delay sontences until all the trials have been concluded, his purposo being to ascertain the relative meas. nre of guilt of all tho parties under indict. ment before adjudging the penaltics. el iy As will be :cen by l:elu;;nm; t(; the Couneil Hos srere in | tho year. QOats were quiot and easier, clos- i army and ils s Tttle | fur * Sheep et with n fair | proceedings in nnother column, tho namo of Mr. R. E. Goopert, was 1asl evening sent in by the Mayor for confirmation as City Mar- shal. Mr. Gooperu was mentioned in con- nection with the snme office at the time of Mr. Duxnar's appointment. e is an old, re- spected citizan, formerly President of the Fourth National Bank, and has been n life- long Democrat, which latter fact, howerer, mpy mihtato ngainst his confirmation, cs- pecially when takon in connection with his prominent jdentification with and his inbors for the success of the Devile Fish or Opposition mob in the recent county eclection, While nobody places Mr. GoopeLy on a par with the rank and file of that ignoble army of plunder-hunters and ballot-box stuffers, his mistaken afilistion with such o crowd will naturally deprive him of the confidence and support of the Repub- lican members of the Council, and thus de- fent his confirmation. Moreover, thero is a strong and growing sentiment among thebest olemont in the Council that the office of City Marshal is a useless sinecure in viow of the present capeble and officient administration of Superintendent Hickey, and that the va- cancy should bo lefty nufilled and the offico abolished, All things considered, it is quite unlikely that Mr. GoopeLt or snnybody elsa will enjoy the comfortable salary and meagre labors of the Marshalship. —— VICE-PREBIDENT HENRY WILSON, The death of Hrnmy WinsoN has been looked for by many for several months, de. spite his own earncst protestations of re- eruited bealth and strength, The life of the decessed statesman has been n wmarked ong, and its record is one that may bae profitably studied by all Americans. It is o record that should be carefully observed by all young men of whatever ocenpation or pursuit. Born in 1812, in poverty, he wne apprenticed to a farmer at 10 yenrs of age, aud served luboriously until hia majority, in 1833. With little opportunity for schooling, he found the ieans, even in those duys, when books were mnot as plentiful or as anocessible as now, to read a great many volumes of history and biography. As soon a8 he had completed Lis appronticeship on tho farm, he walked to Natick, Massnchu- sotts, whero he engaged at shoemeking, at which he worked diligently, practicing tem. perance and rigid economy, until he Lod nac- cumulated some five hundrod dollars. He then tried to improve his limited education by attending an academy in New Hampshire, but the depository of his savings having be- come insolvent, he returned to shoemaking 8t Natick, His good babits and his natural abilities, however, made bim conspicuous among his associntes, and in 1840 he way enlistod in behalf of Gen, Hannison's elec. tion to the Presidoncy, ho making a great many speeches. Irom that time to the presont he has been conspicuous in American politics, 1le wns almost con. tinuously a memberof either ono or the other brauch of the State Legislature, and fre. quently the presiding officer. He was an active Anti-Slavery man, and opposed the an- noxation of Wexas, In 1848 he left the Whig National Convention when it rejected the Anti-Slavery platform, and united with the Free-Soil party. For two years ho edited au Anti-Slavery paper in Boston, serving also in the Legislature. In 1852 ho preaided at the Free-Soil Nutional Convention in Pitts- burg, In 1843 he was the Free-Soil candi- date for Governor of Massachusotts, but was defeatod. Whon the Know-Nothing organiza- tion elocted Ganvser Governor of Massuchu. sotts, Mr, WitsoN wos o member of thut party, but when that party, subsequoatly, rejected an Auti-Slavery platform, he aban. donod it, In 1836 he was electod to the United States Senato in place of Evwanp FEvenerr, resigned, ond continued by suc. cessivo elections a membor of that body until 1873, whon le resigned to become Vice. Lresident, to which place he was electod fu 1872, Alr, Witsoy lias boou a laborious public officer, For thirty-five yoars ho las held clectiva offices, und in all of them had borne "himeelf honorubly and creditably, From the cerning the indictment of Mr. JaNvany was sbsolutely without foundation in fact, sud that we have ascortained buyond question that his name Lias not been tarnished by o much a8 suspicion of connection with the rovenue 1rauds in 8t, Louis. iy long and honorable business career and' unblewmished integrity need no indorsement, aod Tue Tninune deeply rogrets Laving been unintontionally instrumental in giving currency to tho false statcment in question, Tho Chicago produce wmarkets were quite Irregular yesterday. Mess pork was nctive, end advanced SU@i5e per brl, closing st $19.60 seller the year and $19.72} for ¥eb. ruary, Lard was active and 20@ise per 100 18 higher, cloaing at $12.40 cash nid #12.60@ 12.562} for February. Muats were guiot aud firm, at 7io for shoulders, 10§@10}c for short ribs, and 101@110 for short clears, all boxed, Higliwines were In fuir demand und steady, at #1.11) per gallon, Flour was less uctive and unchanged. Wheat was active wud dsclined 1§c, closing at $1.05 cash and $1.05} for December. Corn wus yuiot und jolower, cloking ¢ 5030 for November and 4730 scller humble position of an uneduecated farni-band and & Journeyman shoemaker Le hod pro- gressively ascendedin public favor and coufl. dence 10 the sccond oftice of the Republic. lly begon his pubiic | life ws n deter- mived opponent of Llnv Foonud o out onco was in sympathy with the popus lor seutimont of his State. Dut it was not merdly becuuse ko was on the popu. lar sido that he was successful; hissuceess was due to tho earnostucss and the ability, the perseverauco sud the energy with which he udvocated the right and opposed the wrong, Miu suocess did not prove tco grest for him 10 bear. Ho wns not 60 dazzled by bis hon. urs, nor overcoma by lis unexpected emi. neuco, a8 to follow tho exauiple of 50 Juany others in like clreumstances. e maintained bhis personal integrity, preserved his stricly temperate, abstemious habits, aud to thess circumstances, as well o8 to bis natural abili. ty, are due the popularrespect and confidence e hos so long eajoyed. Mr, WiLsoN was an ardent supporter of the War, and, as Chairman of the Committeo on Military Affairs in the Scuate, strongly aided ,Alo Government in the organization of the TUHE CHICAGO TRIBUNE: TUESDAY, NOVEMBER 23, 1875 cesefnl mnintenanee, 1o was also an active participant in tho Lecon- straetion policy of Congre Mr. Witsoy was an ablo aud nn carnest spealer. 1le was naot o showy orator, Mis speeches were im- presaive, breanse they were earnost, sudthir impression on the reader is as stronyg wi that upon those who heard then. Sinco the reconstruction of the Southern States, Mr. Wirsox lins been couspicuous for his appenls for harmouy, concilintion, and a forgetfulness of the War. IHo paid several visits to the Sonthern States, and was'every. where welcomed and greeted with respect and Lospitality by the Southern people, Mr. Witsox hus writton o history of the Slave PPower in Ateriea, of which, however, several volumes have not been completed, snd his speeches and publie papers will make several volunies, Heo was an nble nian. n respectable man; honorable in all his denlings, public and pri- vate ; his influence upon public affairs has been healthful; ho labored for truth, hon- esty, and justice; patriotic himself, he was prepared to nccept the professions of those who had been in the Rebellion, nud to accord ta them, upon their submission, full fellow- ship in the American family. Though the author of no measures nnd the originator of 1o policy, he uevertheless guve his ability and hia lifo to his country Lonestly snd fnith- fully, THE INFLATION DELUSION AQAIN, A call is published in an Indinnapolis puper, purporting to have been signed by 3,000 per- sons, for a Convention to meet in that city Dee. 1, to adopt & memorial to Congress, Tho call recites: The increased dopreasion of business Teanlivg in the fatlure and bankruptey of all productive coters prinen ; tho cuforved idlencsa of thoua.nds of honest and induntrious working peoplo: the eontinuen alirinkago in vaiuea § the vast burden of publie ami private dobt, relatively incroreed by the dopression uf all other valuey i—aithroduced by o mistakien poliey of financial legislation, Having recitod the evils produced by finan- cial legislation, they propose as remedios : 1. The repeal of tho Snenyay bill of Jan, 14, 1875, 2, The permanent retiremont of all Na- tional Bank notes, and the isswe in placo thereof legal-tender grecubacks. 8, Tho refunding of the bonded debt into bonds bearing .65 per cent intorest, con- vertible into legal-tender paper money on demand. Of course the general reader will recog- nizo in this the samo old story which las been doing servico at Indianapolis for two or three yoars, Nevertheless, it may not be untimely to agnin expose the shameless ef- frontery with which these people proclaim their absurditics, The evils which are proclaimed to be oxiat- ing are attributed to a ** mistokon policy of financial legislation,” but as wo lave not had auy financial legialation since 1861, oxcept the nct of last winter called the Suenvay DLill But the panic of 1874, which preceded ali the real and imaginary depression, and enforced idleness of workmen and shrinkago of val- ues, ean hardly be attributed to the legisla- tion of 1875. Moreover, that act of 18756 was the most 1nocnous piece of legislation that Congress ever perpotrated. It had no point, —no aim ; and has been uttorly barron of all nnnner of results, Itwas purely sentimental, It has had no effects one way or.the other, It neither expanded nor contracted. It said that at sonte dny in tho futuro the Govern- ment would resume specio payments, but mado no provision or proparation for any such proceeding. Tho pretest, thercfore, of a mistaken policy of financinl logislation having produced any of the ovils enumerated, is one of thoso beg- garly falsehoods to which the cheap politi. cians usunlly resort. Nor is the schedule of suffering preparad with any better regard for acouracy or ro- spect for truth. The *‘depression in busi. ness" bag cortainly not incronsed during the last two years; on the contrary, business has steadily rocovercd in permanency and vol- umes. Failuro and bankruptey have not at- tended ** all productive entorprises”; on the contrary, the productions of the country in 1873 were greater than in 1872, and in 1874 greater than in 1873, aundin 1875 farin ex- cess of any previous year, That thousands of workmen nro idle in 1875 is true, but the proportion is not by any meaus as great as in 1874 or 1878. Tha shrinkago in values has been purely in speculative cuterprises ; noth- ing snbstantial ling either wasted or beon de- stroyed. The remedies proposed are naturally such a8 might bo expected from men having such confused notions of the actual condition of the country and of the cnuses producing {loancial derangements. 'The ropeal of Suen- sax's bill would repeal nothing baying any legal foree or operation. 'The other remedy ix to doubla the amonnt of nntional legal- tonder notes and mako them oxchaugeable for 8.63 bonds, The practionl remedy which is proposed is au inflation of the currency for the purpose of further depreciating it; mnking the cur- rency chonp by reducing its valuo; nnd mak- ing men rich by giving to them two 50.cont dollars in place of ono 100-cent dollar, THE LARE-FROKRT PROPERTY. 1t is ovideut that tho Common Council are trifting with the rnilroads and betraying the intorests of the peoplo in the matter of tho Lako-Fron® property, When, a couple of weoks ago, the Council appointed a Commit. teo with jnustrnctions to confer with tho rail- roads nbout tha sale of this property, it was thought that there wos a revival of good sense and Lonest intentions in that body, but the fact that this Committeo simply reported that tho railroad peopls have not “come to seo them," whows that the nction was meroly iu- tended to allay public indignation by a pre- tenso of doing something, That Committee was not appointed to sit in state in some con- venient beer-snloon and receive he visita of railroad Presidests and Directors, nor to die- tate terms upon which the Council would ngreo to consider a proposition” for the Lnke- Front property ; it was appointed to soek out tha railronds which onee bought the property and 1ndo o cush payment thercon, and nscor- talu whether they or any of them nro still willisg to buy tho property ot o fair valuation. In choosing rather to report back that nobody bad * come to see them,” these Committeemen bave left the impression that thero is a ring in the Council whichi is not s0 much interested in getting o good round sum for the city ag in levying blackmail for themselves, 1f the Common Council are earncst in thelr intention to soll tho Lake-Front proper- 1y, there is a very simple way to doit. Let them pass 8 resolution authorizing the Comp. trolier to transfor the threo blocks to the rail. toads, or auy private parchaser, upon the Payment of $800,000 cash. The passsge of such a regolution and the delivery of a quit. claim deed (which 18 all that the city can #ive) would, we have reason to bellave, so- re the immediate paynant of the money into the Ci (rensury. I'resident Dovoras, of the Tilinois Central Railrond, says that his road will take the property at any time on these terms, Tt in all that the Iand is worth, awl move than it would bring from any pri- Vato person or persons, Mr, Dovanan ulso romiudn the Council that, while tho Miehigat Contral and the Burlington & Quiney Railroad Companies withdrow their sharo of the §200,- 000 once prid the city, tho llinois Centrnl still has 207,000 in the handy of ex-Comptroller Kiusave, and will contest possession with nany private porson who may purchase theso three blooka, This Is a formal notice to ths city that the raflroads will not negotiate with nany parties purchasing with a view to resel ing to the railronds, and also that they will not pay the Aldermen individually in addition tothe price they are willing to give tho city, But the city conget $500,000 for the property frow thy Illinois Central at any timo, As the ity pays 7 per cent for money, this prico represents an annusl rental of the prop. erty of 236,000, whilu it is not ow bringing in one dollar. The particular ndvantage of sclling tho property at this time is that tho pro- ceeds of such saie will enable the city to go on with its portion of the Court- House without levying the eost upon the tax- payors. In connection with the 500,000 of tho Stato fumd paid ta the ety after the fire (this being lhe kam reserved for tho City-Haill), the 5200,000 which the railroads are willing to pay will covor tho entitn cost of the building, so thal the {ax-payers will not have to contribute dollar direetly for this purpose, 'Lhe 3 000 being n cash payntent, the city will be able to proceed immediately and as rapidly as the county ; and, without it, tho work will drag along for years at an increnied cost, Beforo this amount is exhaustad, itis probable that a large portion of the Hlate fund which bas been borrowed by the city and is partly absorbed in the Gacr defaleation will be availablo, Iu nddition to all this, the costly buildings which tho railroads will ercet im- mediately, and probably the real estato also, will be added to the taxable property of the city, connty, and State, and afford anadditionnl revenne or decreaso the present burden of taxntion in proportion. When this showing is contrasted with the present idle condition of the propetty, thero is certainly not a tax- payer in Chicago but will enthusiastically fovor tho sale. What right, then, have the Aldormen, who ara clected to represent the people and not themselves, to delay this eale longer? The only explanation of their dia- inclination to sell is the hopo that they mny enmpel the railronds to make up a purso for the Aldermanic ring; this we can tell them thie railronds will not do, and, if they would esenpo the suspicion, they will do well to pass a resolution immedintely ordering the salo ol the terms which have becn agreed upon a8 fair and Fatisfactory, - ‘WARNING TO THE COMIUNISTS. It seems that while tho Chicago Communists havo been lying low for the Inst fow months, they have really been hatching moro serious mischief than when they expended their sur- plus vonom in lond-mouthed threats. Their socret organizstion and secret meetings ara intended, of course, to commit the members of their community to more extremo monsuros than they would dnre to avow publicly, They have united thomselves with the general organization known a3 the, International, ond they keop themselves inflamed with the incendiary fallacics that the Luropean Jncobins send them, ‘This aecret organiza- tion in Chicago only numbers, wo believe, about seventy-five members nt the present time, but they are of the most reclless and dangerous character. With perhaps oue or two oxceptions thoy aro all forsigners by birth, and thers probably are not a dozen American citizons in the eatire lot. They are the very scum of the European cities, and havo no compeers in depravity unless it is the convicts who voluntcer in Spain for the Cuban sorvice in order to avoid the punishment for theircrimes, They are oullaws, Unrestrained by any principles, or any consideration for lifs or property, their mission I8 to cirenlato among the disso- lute and unemployed of the working clnsses, and infoct thom with their ow.a mad hatred for capital, If the approdching winter ig se- vero and times hard, they will not fail to in. croaso their numbor and their fury within the next fow months; and there i8 no ex. tremity at-which they will pausain order to attain their ends. The objective point of the Communistio snvagea in Chicago is the Relief and Aid fund, The cowardly action of the Council winter before last, when thiese reckless follows began their policy of threats, encouraged them to renow their attacks on this fund every year. Their programme for this senson, it scems, is belder aud mora aggressive than ever beforo. It seoms that they have evon gonoso far ns to discuss the fiving of the city, It iy hard to boliove this, because it js in. comprehonsible, to intelligent people that uny class of persons can be so igunorent as to beliova that tho destruction of capitul will Liouefit them, or so dopraved ny to meditate delibgrately the burning of n city. But wo ennnot dismiss the davger ns impos- giblo whon we remember the expericuce of Paris, Tho Communists thoro proceeded upon the very theory that is outlined for Chicago, and it is well known that tho aame spirlt which netuated them is only kept down in tho other lurge cities in Luropo by the most vigilant system of watching and the most summary treutment whenever it crops out. It the Communists in this country aro counting upon the looseness of our polico system and the American tendoncy to pro- cced ngainst eriminals by due procoss of law, and hopo on that account to receive more loniency thau in Europe, they havo ignored somo of the moat significant episodes in Awgrican history, There ia no people in the world s0 prous tis the Amerinans to take the law in their own hands, when the sauc- tity of Lumen Mfe is threatoned sud the rights of property invaded in a manner that caunot bo adequately reached and pun. ished by following tho tortnous courss of the law, Judge Lynon is an American by hirth and éharactor, The Vigilance Commit- too I8 a peculiarly American iustitution. Baodits sud outlaws havo always been moro promptly and summarily dealt with in Amor- ica than anywhero else, Tho finul &coues in tho Communistio tragedy of Parls will ap- pear tame in comparison with the treatment the same class of dogs will raceive in this country if thoy attempt the same sort of vandalisw, Every lamp-post in Obicsgo will bo decorated with a Communistio carcass, if nécossary Lo provent wholesale incendiarism or punish ‘any attempt at it. Itis idle to reason with people who threaten to burna city., Thoy are not intelligent creatures aud opposite effeet from what s intended, and that, so far from seemring any divielon of 1ha Relief money on hand (exeopt as it should by distribwted anong tho needy and suffaring), y praducs & war of oxtermination in the Communintre sentiment, ul{erly n ta e country, may be extinguisheld onco for all, ——— ENOLISH RELATIONS TO TURREY. The tour of the Iatest dispatches from Fu. rope, touching tho Iferzegovinian quustion, indicates that England and Austrin aro scting in o belligorent manner towards Turkey, while Russia is bolding Rersell aloof, The Inlter Power in evidently pursning a very sound diplomatic policy, and fs content to wail such time ay the Eastern Turkish proy- inces shall drop like ripe frait into her Inp at the very first ngitation, and there is no change in her well-established policy with reforence to these provinces, Eugland, Liow- ever, which Lins herelofore been intent upon preserving the autonomy of Turkey in Fu- rope, mnd even fought against Russia in he- half of Turkey, has mado o completo revolu. tion in her relations, aud is now actively engnged in stirring up strifo and wsing all her influence to induce Austria and Rusain to drive the Turks across the Dardanelles, and effect s partition of the conntry by giving Russin control of the Instern aud Austrin control of the Wentern Sclaves, ‘The key to this sudden change of policy is aasy to discover, Like the key to many oflier attitudes of England, it is of a financial <haraeter. Jobn Bull hus been touched in biv most teuder and seusitlve apot—his pocket, His money-bags aro in danper. Ho iv the ereditor of Turkey to the tune of £800,000,000, e louned her that amount in order that sho could strengthen her armios and navy so s to dofy foreign nygression and to cstablish cortain Ciovernmontal re- forms necessary o the preservation of her antonemy. 'This amount the ‘Lwrks have aquandered, and now they aro in default and ou the verge of o bankraptey so completo that not only is theloss of the principal cer- taiw, but the interest is also long overdue. "Thero in not o shadow of n hopo that Turkey can sucet hor indebtednass to England. The debt is virtuslly sccured, howover, by n mortgngn upon the Scluvic provinces If "lurkoy i4 destroyed and the Western prove inces go to Russin and the Eastern to Austria, theu both Russin snd Austrin will be cx: pected to nassume their proportion of the in- debtedness. 1If the torritory is made free. then theso provinces themselves must nssnme the obligations nnd England will recover a part of lier loss at least. Bhe will, therefore, asgent to any scheme for the reconstruction of Turkoy in any form which will restoro her solveuey, This is ono way in which England hopes to make herself whole, but not the ouly one. She has two strings to Ler bow. Sho rocently put out s n feoler the announce- ment hat if Russin obtained the Westem and Austnie the Eastern provinces, she ought to havo Egypt. 'This, of course, would reliove Austrin and Russin from nny responsi- Dbility fortho Turkishdebt,—the acquisition of Tgypt, or a part of it, being considered an equivalent. To this Austrin Las mnde no objection, and the wily Russinng, like Barxis, are “willin\" The Gulos, which reflects the views of the Russinn Government, in discuss- ing the Enstern gnostion, admits the cogency of the viows of tho English jonrnals with regard to Egypt, so the dispatches state, Russin, in fuct, is so situated that sha can afford to let England bavo Egypt and stnnd by and see Austrin absorb tho Weslern provinces, forin such an ovent the Enstern provinces will fall to her without the nncessity of her striking o blow, It is a yigantic game of partition hotween England, Austrin, and Russis, The Turks once kicked out sud Turkey reconstructed, Austria will probably gain Herzegovina, Dlontenegro, Servia, Bosnia, and Crontin, Rusaia will gain Moldavia, Bulgnria, and Wallachis, and, by destroying tho autonomy of Turkey, En. gland will gain the $800,000,000 which she lent Turkey to proserve it, cither from theso Powors themsclves or indirectly in the ac. quisition of Egypt, and which sho can ob- tain in no other manner. This is the key to the chango of attitude in England's position, FRAMING LAWS, A curious idea prevails among *tho effete despotismsof Europe.” They think thatn law should be framed by persons who have *read much and studied deoply on its subject.mat. ter, No English Ministry would bring in a bill on, for instance, the land question with. out consulting some, if not all, of the cele- brated oconomists of that country. German professors ond prominent business men aro constantly asked to contribute suggestionson the kind of law necded to accomplish some particular end, with which their study or experience has made them familiar, The samo rule applies to Italy. Franco offors n natallo illustration of it. In 1865, just after o panio on the Bourse, the **Buperior Coun- il of Agriculturo, Commorco, and Industry” appointed a Board, of which several noted cconomists were membors, to consider tho eousos of such an occurrence and suggest means for proventing its repetition. "This, of course, involved & survey of the wholo tlold of Gunnce, embracing the mutual rela. tions of the Government and the banks, the nature and functions of credit, tho best kind of currency, and similar topics. The Board was g0 composed that it might have well ventured to submit o roport ou those topics on its own authority. Such a roport would bave been suro of a respectful recoption, Dut justead of doing this, the Board pre. pared & circular cmbodying some forty ques- tiony on the thenos it was nppointed to con- sider, This circular was sout to soveral hun- dred porsons and corporations, to Chambers of Commerce, to bankers, to merchants, maoa- ufacturers, large contractors, railrond man. agers, and cconomists, Among the lotfer were Onevacren, Worowsel, Baorror, MiLy, aud Passy. Fourp, Biscnoresuriy, and the RormsouiLos, wero on the list of bankers. A number of the porsons interrogated appeared personally before the Board and were exam. ined and cross-oxamined at length. The others answered by lotter and many of the letters wero books in manuscript. From this caormous mass of facts and opinions the Board drow up an claborate report which covers every point of the science of finances, It, with the six volumes of reports, hasserved g a storchouso for French fuancial legisla. tion. TFrauce learned from it how to pay in gold, within three yeors, the Germon indem- uity, equal to poarly one-balf of our national debt, and'to do so without disturbing na- tioua! industry or putting the paper currency at unything moye than & nominal discount. ‘Plio fuot was & triumph of common sonse, In this enlightened Republie, we do things ina different way, On tho Irish.-Americon principle that one man {8 as good as another and a great dals betther, an Ignorant Cou- reason i4 10st upon them. Wo oan only warh | greasman cousiders himself quite as able to thom that their threts msy Lave the very | solvo a problem by drawing up a law as o e — man who han made that and kindeed prol- I the ntudy of n lifetime, It iy the proud prevogative of n new.horn legislator at Wash- ington to st t the bind of freedom on a wild flight with seventeen bills attached to ench in addition to the ons on ite head, Oar Congressmen are mere billepo Loy Wa have Comminsioners to investipnls « and turiles, to superintend the 1 pun i of silmon, to seatler decayod seeds from Maino to Oregon, to inerease thy debt of the District of Columbin, mud to do any variety of othor utterly nysless things, The rort of Commission moat needed now is one to ntudy and report on fluance and submit o draft of a bill. The naw Congress might well pro. vido for anch abody, The New York Post suggested, two years ngo, somet ing of this kind, but limited ‘it to a Joint Spocisl Com. mitteo of the Senato and the Houro, It should not b confined in this way., Besides Suemstan and Bavarn, Ganrreep and Cox, the Commission shonld contain Seitenz, Prof. Svayen, Davio A, Wrwzs, and some prom- incnt business men, It whould pursue the I'rench plan, and might do as much good a1 that has done Fronce, ———————— LIABILITY OF BTICRHYLDZRY, ‘Tho Suprorae Court of the United Statey, in the cwe of Tirrox, Assigaes of the (ireat Western Tnmmvance Compuny of Chicago, agrivet o subseribar (o the capitnl stock of thut Company, Inyw down not only some wholesomo worals, but also gives solean warning to all those who, expecting to get rivh hort processes, lend their names to jnsubstantiai compan thol they eannot eseapo with impun This caso was one of teu thousnnd following the collapss of insur- ance companics after the Chicago fire, 'Fae Company was organized and subgeribers to the eapital ntock were obtuined under an im- pression that when they grve their notes for 20 per vent of their subseription thoy would naver be culled upou to pay suy more or to hecomo further linble. 'Phe prolits of the Uompany were expected o pay the notes for tho 20 por cent, In consideration of a sub. weription to 310,000 of stock the subseriber becnmo a Dircctor, When tho Chienga fire eawried down the insurauce companios, theso stock subserip- ticas boeamo of importanca to the ceeditors of the Compauy, and suits were instituted to reeover the 80 por cont unpaid subscriptions, The Supremo Court lns docided that the lin- bility of tho stockholders extends to the full amount of the subscription ; aud that even when as in this case, the certifieate of stock was stamped * non-ngsessnhle,” the liabilities to the creditors was unchangs T'his will bs a wholesome 1vsson fo all per- sous having auy substance who are temptod fo subscribe to eapital stock, Lut who cxpect to escape nuy linbility thevefor. ‘They will recognize in this decision a notico that whon they necept stock in an insurnnco compauy they must count their linbilitios st 100 cants on tho dollar of their subscriptions, no mat. tor whether the understanding or representn- tions mny bo that they are to pay 5 or &0 per cent thereof. Whoen they lend their nawme and eredit to & corporation to deccive others, the law will hold them to the fall mensnro of their bond, and will not permit them to plend their private understauding and intentions, " A JUDICIAL DECISION OF COMMERCIAL LAW. Chicago bankers are interested in n decision just rendered by tho United States Supreme Court. Tha ense turned upon the question whether a banl to which a time draft egainst a consignment kad beon forwarded for col- lection with tho bill of lnding should deliv- or to tho ncceplora of tho draft, at the time of ncceptanoe, the bill of lading. “T'he cnse came up from Boston, where tho Judge of the United States Circuit Court had held that the National Bank of Commerce had been guilty of negligenao for o aurrendering n bill of Inding to the ncceptor of a draft, and was responsible to the owners of the draft upon the subsequent insolvency of the acceptor. This decision lias now been roversed by the SBupreme Court. The opin- ion of the Court, dolivered by Justico Stroxa, hag just been made public, and is of impor- tance to baukers and business menm, The substance of the oplinion is that o bill of lad- ing of merchandise, deliverable to order, when attached to a time draft and forwarded to an agent for collection without epecial in- structions, is to bo delivered to the acceptor of the draft at the time of ncceptance, and that it is not the duty of the agont for collection to withhold tho bill of Inding from the acceptor until pay- ment. ‘Tho opinion s argued very elab- orately by tho Justico, and ho reaches a conclusion so satisfactory to his own mind that ho states that no respectablo case can bo found whore the opposite opinion has been lield. Fo basis his opinion on the “ reason ™ of the cnse and tho precedouts, and finds both overwhelming. Tho draft insuch cases, the Court lolds, is oxpectod by drawer and drawco to bo pnid out of the morchaudise consigned, and to withhold the bills of lad- ing from the latter would simply doeprive Lim of the means of moeting the draft. Such a transaction is looked upon as asalo for credit, aud by law and commercial usago the purchuser is entitled to talle possession of the goods. Of couwso, the partios concerned cun mako n different arrangement if they de- sire, If the caso bo locked at ns not a salo on credit, but a3 a request for advances on the credit of the consignmont, it is held to be still more the duty of the collecting sgont to surronder the bill of lading, as the pay- ment of the draft is evidently asked for upon the faith of tho consignment, Justico Brroo {llustrates the sbsurdity of the view that tho bills of lading are to be held and tho proporty rotalued ip oustody of tho can. signor's pgent until payment of the draft by asking what in to be done ““if the consign. ment Lo of perishable ortloles, such ny peaches, ish, butter, eggs, elo, Are they to romaln in a warchouso until tho term of credit shall cxpiro ¥’ Two points nre to bo noticed about this decision. It appliea to time drafts, not sight drafts. It applios to time drufts forwarded for callaction ¥ without special instructions,” It is within the power of any consignor to givo special instructions. As Justico Bruona says in bis opiniou, the consignor has it in his disaretion, if he does not choose to rely upon tho responsibility of the acceptor, to instrugt his agents not (o deliver the goods consigned until they are paid for. Dut, if the con. signor doed not give' any such special in. structions, the accoptor is entitled to yeceiva the bills of lading upon accopting the draft, ‘This declsion of the Bupreme Court sgreea with the practico of the Philadelphia banks, ‘The Philadelphia Clearing-Houso Association somo time ago submitted tho (uestion in. volved to their counsel. ‘Their opinion coincided with that which has now been de- clared by the Bupreme Court, aud no doubt contributed to it. The Philadelphia baoks — ~k~d and obiained tho eonsent of the Coury that their lawyers should nubmit o brief tq aceotapany it of the counrel of tho Ligsygy hanks, Banks in Chicago that forward to Naw Yory fon ewilection time deafts ngainst £rain, wity bitle of lading, should instruet their cor. rvq!muduulq in Now York to hold tin Dills of tading wntil payment of the drafts nnless they expect tohnve tho bills of ladingsurrendere) innceordance with this decision, wu,w._' caplor at the time of the seceptance, B S Tho New York Herald has desclopny a new branch of jonrnnlistio enter,risn, namaly, thy obiaining of dratmatic, musionl, artintic, aud lap, nry now fom Parlu. The fierald of the gy contning oo of theea dinratchies two colimay i0 leng'l, and tha noss vluch it brings from thy dolugs of lust week in the smussmant world of Daris in vory intorosting. ‘Two dramay bavs mat ith wncossa—tha ** Scandats d'Ilion," by Dy, RIERES, and ** Farnol," by Hannov, th mnklug the grontest sucensm, * Tatahanesy s rovided was praduced yerlordny fu Vienna Uudey Waanzu'n direetion, with Brorz aud Waroxes fn tha leading parts, Veno: haw beon engaed fop the Tariu wonnon of 1870-7, and will bring out hiy now opora of * Noro," and negotintiuny ar 1o ing on with Mlle. TiALUESG for & meason of gbts of grand opers, The luex. Locea barely escaped arrest by fer an attempted violution of contraet, Rtozsr has ehaugod his intention and will ity tliy conntiy. Marstuoy luavos for New Yory Dee, 20, Orresnac visita this counlry nexy ‘your, and had cugaged 10 gi1vo & nymbar gf cone certd at Phitadalphia for 663,000, Cung Roay will bring Zana Toavues r for aneaicny performpncoa Paspuroce, the Para diveetor, will bring his orsheetrn over next year for ]u;r: formancen io New York avd Phitadolphia, Faxxy Litssuen, at the ago of €0, danced layt woell ay #n Oz BGLL voncert in Vienna, 'Ihe dispateh o038 with this announcemoit, which has a toeay interest: ' Bocinlly, what shall { toll you mory. than that & son of tho Dicksx family, of by capo, bay arrivad to spend his first wintor Iy Paris? Boma ono who heard another eay that bo had wever read Tusckenav's * Esmond” pe. vlied, *1 would give much not ta have read **Eumond”; 1 would Liave so much hofora me,' Who wonld not like to bo tho yonug man abony to speud hin flet winter in Paria?” The receipt of alonyg dispatch of this nature not only shom areat suterprise upon tie part of the Herald, but it alro showa liow the dopartment of newa s gradunlly extouding itself, ho formey Thae Colwnbla Union-flerald,” tha loading R publican fournal of South Catolina, says th White-Line triumph In Missiseippi resultod noy from tho wegtocn staying away from the pol through intimidstion, but from their golng to tho poits und voting tho White-Liue ticket, 11 074 thero was doubtiesa Lnbory and trickery to brisg this about, but that 1he enormous mory pressure of tho entiro white ponulation sganst the onliageous dishonesty perpetrated fn the namo of Hepublicanism did it. The so-callsd Ropubican nomiuntions wers no loss outrages aus. What the Union-Herald utyles tho *mon) trenstira' was tho determination of the entire white papatation to rid themsclves of the rale of ecarruption st all hozards. “ Thoy generally kept ineide of the 1aw, bocausn it was not vecss tary 3 go oufeido of it. Tad they failed, tba next gtop wonld havo boon tha vigilanco com. mittes or ewil war” The Union-Hevald sap that in South Carolina the caso is getting to by o4 it was in Minsiasippl, and that if the thisves who steal in the naue of the Republican party be not cant overboard and hionest men placed {1 nomiuation at tho next olection *in Bouth Caroling, the Republican wajotity will diaanpoae u4 totaily and ua auddonly #s It hisa in Miesls sippi" ——— The cable dispntchos yestorday snnonnced the death of Unaxcls V. (FerDINAND-GEMINIEN), tho lnst Duke of Modena and Bogylo, Archduke of Austria, a2d Prlaco Royal of Huogary and Bolomin, who was born Juno 1, 1819, and tase ried Yarch 30, 1942, Avzraovnw, daughter of Kmg Lovia of Bavarla, Gu Jsn. 2t, 1316, he nucconded bin fathor, Fnawe:s 1V, After th donth of Mame Looise, Duchess of Putma, bt reclaunod the territory of Givizzano, nasigned 1t the Duchy ot Modana by tho trestics of 1815, and ovoroame tho rsaistanco of the people who proferred sumexation M Tuscavy by Austrian interventlon. Whea tho rovolution of 3Milan broke out, fo 1818, the Dule promised his eubjects & covsite: tion, but, by a unsnimos vote, they annezed themsclves to the Kinglom of Pindmout. Ht did not recover lus Duohv uatif aftar the defest of Cuanen ALpERT nt Novare. He re-satered bis Capital with Austrisn troops, under shos protection ho was onabled to estsbluh th suciont almolute posier. He purduved w resd tionary poliov until the movements oxcited {8 Centrat Italy by the War of Independence &1 1859 forced hiwm to quit Lis Duohy, which he has not occupled since, In the logitimate lue bt wag & olaimaut to tho succeaslon of the throns at Italy, France, and Evgland, Toor Bunator BAvARD 1s having & hard time of it in the newspapord. The Chicago Times Lss steadily persisted tu accraditing bim to the Sone ate from Now Jorsey, and, it wilt be remembers ed, runod his chunces for the Presideucy by the result of the Novembor elociion In tuat Btate l.n tho same mapner that it 1nlned Mr. CosTvesis chiancea by tho result In Penasyivanls. Andoow comes the old reliablo, the infailible Boston Ad- certiser, and credits him to the Senate from Marse land, This ishard, Considorng the fact tust Henator Davanp's grandfather was a member of tho Covtineutal Cungrosa from Delaware, and that Henator BAYAND'S father way & Senator from Dolaware, and that Seuator Bavanp bimself hsd boen in the Sonata ¢rom Delawaro almoat #inod titna immemorial, is seoms a8 it he might be sk towed to Ll from thore and uot have bis Preal dential prospacts blighted in this ruthless mac nor. 5 o SECICR PERSONAL Tuo Mon, J. B. Howae, of Cliuton, Is,, Isatidt Bborman. | The Mun. J. M. Balley, of Naw York, is st tht Bhorman, Col. L, B. Euton, of Lowal), Mass., is st b8 Bherman. Henator T, O, Howe and wife, Grecu Bay, art at the Grand Pacifie, & Col. William Hornor and wife, of Burliogiots 9., 8710 at the Gardner. Edmond Giles Loder ngd ‘homes Rooks, of Eagland, are at the Tremont. Moody and Bankay will visis Princoton Colleg® the eacly part of tha uoxt collage toron J. D, Layog, Pittaburg, Manager of the Pong= aylvams Central Railroad, is at the Tromont. Tao Ion, W, W, Wright and the Huo. 5.8 Lowis, of Gonevs, N. Y., aro at tho Tremonk "Lhe Dostau Lilot alleges that O'Couor Poxd draws the maturials for Lie Jeotures frou Fathes Burko, The Rev, Dr, Halter, of Burlington, has neatly completed a biography of the lato Beuatat G.imoa, YVou Dulow sayn that no person who caoadd 500 tho sunlight can be & muslcian, How aboud Biind Tom ? Mr. G. AL Pallman sls for Europson 24th to superintend the placing of hia care upod the Italian railroads. Qen, Bonjamin Harrison, of whom the N“‘ York papors are speakivg as & Domoorstio ca¥ ddste for Governor fu Indiana, is » lepublicas Tho rumor that & chlld resombliug Ubariey Toan was found in the nelgiboshood of e port, Conu., exploded, on exsmination, sod nat & wreok behind, Tie Now York Sun has grown wivked INWI: t0 publish & Bundsy paper, which will make :ul appearanca the firet Sunday fo next mosthi e It 18 00§ wioked enqugh.to publeh obscens