Chicago Daily Tribune Newspaper, November 27, 1875, Page 8

TERMS OF THE TRIBUNE. RATER OF AURECRIFTION (PAYABLE IN ADVARCE). Pextnze Daily Kattson, past One copy, per yen y t ELbolteekg st The postage ts 18 cents a year, Specimen copics nent free, To prevent delay and mistakes, be sure and give Post-OMtice addreen tn fall, including Stateand County, Hemittancea may be mado efther by draft, express, Post-Ofiice order, or in registered letters, at our risk, ‘TERMS TO CITY suRsCAIBEDR, Dally, delivered, Sunday excepted, 25 centa per week. Duly, delivered, Bunitay included, BO centa per week. Address THE TRIBUNE COMPANY, Cerner Madison and Dearborn-ata,, Chicago, 10, ———— errs "AMUSEMENTS, NEW CHICAGO THEATRE—Clark street, between Randolph and Lake, Bagagement of Kelly & Leon's Minatrela, Afternoon and evening. ‘which we will prepay. HOOLEYS THEATRE—Nandolph atreet, between. Clarkand Lasalle, Engagement of the Californis Minstrels, and evening, ADELPHI THEATRE—Dssrborn street, corner Monroe, Engagement of the Kiralfy Troupe. “ Around ‘the World in Righty Days.” Afternoon and evening, ‘WOOD'S MUSEUM—Monroe atrest, between Dear- Dorn and Btata “Mary Warner,” Afiarnoom and evening, MoVICKEN'S TIEATRE—Madison. street, betwee Dearborn aud Blate, aft 2 and evening, “The Sea of Ice.” Afternoon EALSTED STREET QEERA HOUSR— Talstea street, corner Hai som, Macky: Hibernicon, a Yarnoon and evening, FARWELL HALL Madison atrest, between Clark end LaSalle, DuQnincy’s “7, of /” tha cet our the Holy Land.’ —_—_—_—_— SOCIETY MEETINGS. ‘WM, B, WARDEN LODGE No, 209, A. F. & A, ¥— f communication this (Saturday) evening, at ‘yg o'clock, at Oriental Hall, 123 Ladalle-st., for busi neeend work on the Third Degree, Visitors wale coma, order of the W. Af. ii = J. KR, DUNLOP, Beeretary. Che Chieags Tribune, Saturday Morning, November 27, 1875. WITH SUPPLEMENT. Greonbacks at the New York Gold Ex- change yesterday closed at 873. The Common Council last evening passed the reviged nnd amended building ordinance, the changes in which had been drafted with considerable care, It is expectod that tho practical experience of Suporintendont Bax.cr and his subordinates in working under the provisions of the ordinance will from time to time demonstrate tho necessity of farther revision and amendment, which can be accomplished more at leisure hereafter, The obsequies of the Inte Hexnr Wrson, ‘Vice-President of the United States, wore be- gun in Washington yesterday morning, and from thence the remains were conveyed to Baltimore and Philadelphia, being placed in state in Independence Hall in the latter city, whore thousands of people waited until long after midnight for tho privilege of viewing the featares of the dead statesman. A great- «x demonstration of popular affection, nor- row, and respect has not been witnessed since the faneral of Annanis Lrvcory, ‘There are grave grounds for the epprehen- sion that a great spiritual upheaval is not to xeward the labors of Moony and Sanxzr in Philadotphia. At tho meotings yesterday there was o decided falling off in attendance, thongh this may bo due not so much to a general abatement of revival zcal and interest as to the pangsof dyspepaia consequent upon too much Thanksgiving the day before. A sour stomach ig not as a role conducive to religious fervor, and Mr. Moony may reason- ably count upon seeing indifference disap- Pear along with indigestion. ——_—_—_— Oanren H. Hangwon, tho Democratic Con. Qressmen-elect from the Second District, is by two days too old a bird to be caught with the chaff of the interviewer. The two days that had intervened ginoo Banwxr Cavzrmp “gave himself away" to on insinuating re. Porter were smite a3 good as two years in Congreas tothe WestSide statesman, Ho saw where Banner missed it, and profited by the Sauz pas of his colleague. Hanzrsow ‘hag bills, and views, and plang, and things; but being, as ho wonld put it, a politician of sensible sensibility, he declines to furnish ‘ood for editorial matter, Cautious Oanren ! —_——_. ‘The ovidence brought forward yesterday at the Coronor’s inquest upon the remains of mordered Coanury Wertanp fully confirma and justifies the assertion that the murderer in absolutely without a shadow of defense to offer on hin trial, According to his own ad- mussion, be can only submit a plea which the law doclares is worthless and unavailing—that he was crazed by Uquor when he fired tho fatal shot. It ig gratifying to learn that the course of justics is likely to be rapid and direct in the case of the murderer Dav; that he will be indicted to-day, and his trial set for Wednesday nozt in tho Oriminal Court, ‘This is none too swift or sudden to meet the imperative demands of public sentiment, Tho people of Chicago are in no mood to he ‘cifted with in this matter. —_—_—_—_— Senator Ferny, of Michigan, ex-officio Vies- President, has consented to be interviewed on the currency question. He states that his views have undorgone no change ince tho first seasion of the Forty-third Congress ; that he is opposed to inflation, but would sbolish the National Bank system and havea uniform currency isaued by the Government and receivable for all taxes and duties what- Soever. As Chairman of the Senste Commit- tee he accepted the Resumption act a3 a com- promise moasure, but was opposed to fixing any date for a return to specie payment, He Wtill thinks the designation of @ definite dute was a mistake, and that it would bo better to Admit the circulation to $800,000,000, and bave s currency at once uniform and recelva- ble ae gold for all urposes throughout the Culted Btates, . hi ————— The Chicago produce markets were rather Gervous yeuterday, Moss pork was quiet and 5@100 per brl higher, closing at $19.423@ 19.45 seller the year, and $19.85 for Febru. ary. Lard was less notive, and 2h0 per 100 tha higher, closing at $22.80 cash, and $12.40 for February. Moats were quiet and un- changed, at 74@7jo for shoulders, 10}@2040 for abort ribs, and 10jo for short clears, all boxed. Highwines were in falr demand and steady, at @1.12} per gallon. Flour was dull and ed. Wheat was active and advanced Jo, closing weak at 91.059 cash sad 91,05} for December, Corn was duu, aud declined jo, closing at 60jo for Novem: rand ATto des the year, Cale wore active and nnchanged, closing at 80{¢ cash, and Siu for January, Rye was firm at 68}@69c. Barley was quiet and firmer, closing at 8ic cash, and 80c for December. Hogs wore active and 6@10c higher for packers’ grades. Sales were at $0,90@7.26 for common to prime. Cattle were moderately active and steady. Sheep were steady and unchanged. One hundred dollars fn gold would buy $214.87} in greonbacke at the close, —_——_— A Tamune correspondent at Afilwaukee has wrestlod with the Whisky Ring in that city to some purpose, as will be seen by our dispatches this morning. The crooked” distillers, rectifiers, and revenue officials in our neighboring cityhava thus far manifested in a wonderful degrea tha acionco of aecretive- noss, and their success in covering ench other’a tracks and buying up juries has been strangely in contrast with the goneral collapso of tho Ring in 8t. Louis, But enough has been demonstrated to prove that there isa big mine of revenue frauds in Milwaukeo which only neods some resolute digging and a fow sharp oxplosions to be worked with gront re- sults, A little more energy and skill on the part of the engineers in charge, and o freer uso of blasting powder all around, is evident- Jy required to start things over yonder. ‘The London Times exulta over the acquisi- | tion by England of tha Suez Canal stock, and sees theroin a new and important phaso of tho Eastern policy, It thinks that Dranarns has in view the possible complications which may arise from the chronically-discontented condition of the Turkish provinces, and the long-existing jealousies of the Continental Powers, It is also hinted that should either of these causes result in the political dis. momberment of the Ottoman Empire, En- gland, by having a good foothold in Egypt, would have the opportunity, should she de- sire, of canceling the weighty financial obli- gations of Tarzey, now hanging heavily upon the English market, by helping herself to territory adjacent to the canal, the primary object being to secure the undisputed posses- sion of the short route to Indis as an offaet to presant and prospective Russian aggran- dizement in Contral Asia, y peop! Washington, not in the confidence of tho Navy Dopart- ment, who are and will persist in being ina very unhappy frame of mind. They believe that Department is assuming responsibilities which should not be ventured upon without firat consulting them as to the ndvisability of taking definite monsures in any diroction, Many of these self-appointed advisors have the most lively imaginations, and already havo in their minds’ oye transferred all the troops on tho frontier to tho Atlantio const, and filled their places with volunteers, who shall watch over the untamoble red-skins, Some of these oracles talk wisoly, averring that the President in his message will rec. ommend that Congress recognize Cuban bol- ligorency, and others that the Democratic majority in the House will assume a san- guinary attitude, and make ‘Free Cuba!” their war-ory. If these parties will hold their patience for one short week, and not obstruct the harmonious workings of the Navy Do- partment, we may possibly be vauchsafed a solution to this great mystery, ————————————_— THE WHYLAND MURDER, Seldom, if ever, in the history of crime in this city have the people been roused to such 8 pitch of indignation as has been cansod by the cruel murder of Wirzanp at tho hands of the drunken gambler, Davis, on Thanks. giving Day. It waa, to all Sppearances, an unprovoked, brutal murder, by o drunken wretch, and it is only miraculous that there were not other victims to his ungovernable fury, The people, howevor, care very little whother it was provoked or unprovoked. They will not scrutinize curiously the. motive of thia act, ‘They only know that a drauken gambler has murdered a citizen; that there are other drunken gamblers in the city; that there may be more victima to their yon- geance; and that life is not safe while these wretches are allowed to go unwhippod of justice, and are protested by the Police, either frum fear or from mo- tives of political intorest. ‘They look upon this local occurrence only asan episode, and, horrible as the murder was, they will look beyond it for the responsibility, and they will not be slow in applying the cor- reotive, They are aaking to-day but two questions: Whoisresponsible? What shall be done about it ? 1, Who ts responsible for the murder? The ity Government of Chicago is responsible for it, and Hanver D. Oorvaw, ax tha head of that Government, is responsible also, Mr, Convny, under tho Mayor's bill and the new charter, is the actual hend of the police force, He has absolute power, Ha could issue orders which would sweep the city clean of gamblors and thieves in a fortnight. Super. intendont Hickey and his men in every of. ficial sot reflect the polfoy of Mr. Convm. They only carry ont his instructions, Wero he 20 disposed, he could eradicate this criminal oloment, and that it roams the streets un- molested shows that he ia not so disposed, Under his administration the gamblers, bun- ko men, and thieves are allowed the absolute freedom of the city, They literally swarm in our principal thoroughfares, even blocking up the eldewalka, They carry their pistols openly. Their gambling hells and dens are kopt in full operation, not only in the night time, but also in broad daylight, They in- ‘sult, ewindle, rob, assault, and kill people with impunity. They hold the business geo. tion of the elty in absolute terrorlem, and there ia no rodreus for it, There ia scarcely 9 policeman in the South Division who can be relied upon to guarantes a citizen Protec. ton from thelr outrages. For all this the Mayor, aa tho head of the Police, ia directly responsible, and for the murder of Warianp, as the natural outgrowth of this condition of things, which he could at any moment, and with a single stroke of the Pen, correct, he is responatble also, and the People will hold him to this responsibility. 2. What shall be done about this murder ? Here the responsibility rests upon the Btate’a Attorney. Thore should not be a day's delay in the trial of this man Davis, ‘Tho Grand Jury ig now in session, Tho case is clear, There wero witnesses to tho murder, ‘There ia not o particle of mystery shout it. He should be indicted, tried, and punished at once. A conviction six monthy or a year henoe will carry no moral force with it” It would only be a punishment of Davis, with. out any influence upon the rest of the gam. blera. His immediate trial and conviction, however, will strike terror to these scoun. drela. It must be done now, not horeafter, ‘Tho gamblers must know that not only aro the people in earnest, but the State's At. torney also. ‘They snust bo made to feel that, aven if the Olty Government will not protect oltizens, the courts of justice will, and that the law cansot be violated with impunity, The berror of @ penalty ie in ite suddeousse i and atviftness, The State's Attorney should understand that tho long-snffering people of thie city are not inatemper to brook any dilly-dallying or delayw in this casey that they demand an instant trial, and, if the prisoner is found guilty, instant panishment ; ond that they look to him for the protection which they cannot have from the Mayor and his police, If this guaranteo of protection also fails; if this murderer, by dolays and quibbles, manages to escape with alight ponalty; if his case is not brought on iminediately, to the exclusion of all icss important matters; and if the Mayor and the City Govern. ment and polico go on as they have been going, encouraging and protecting gamblers, and winking at thoir crimes, then the peoplo will protect thomselves. They have but recently voted tho gamblera and thioves down, and they can put them down and swoop them out of the city just as easily, It will be a terrible day for tho crim. inal classes when the people of this city aro forced to protoot themselves and to take the law into their own hands. There will bo no quibbles, no delays, no compromises, no mercy, at that time. Their work will be ter- ribly swift and sharp. The fact suggosta its own warnings to th» Mayor and City Gov- ornment, to the State's Attorney, and to the gamblors and;thieves: Don't unloose thetiger FOR 1876, All tho indications from Washington are to the offect that Mr. Sax Ranpatt, of Penn- sylvania, has captured the Democrntie party, In other words, the Domocratio party, having tho choice of tho third officer in the Govern. ment of tho United States, in the full con- sciousness of tho significance of the choice on tho vary eve of tho Presidential election, Propose to select as tho representative of the principles and policics npon which the party seeks popular favor next year Mr. Sat Ranvarz, of Philadelphia, The resdineas with which this choice has been reached shows it is not the result of sudden impulse, nor for the want of other men qualified for the position. Among the Domocratio mem. bers are some of the most experienced who have ever been in Congress, Mr. Cox, of Now York, has filled, both under Democratic and Republican organizations, leading posi- tions on all the busincas committees, It was he who, on retiring from the Ways and Means Committee somo years ago, proposed a com- pleto reorganization of the committee busi- ness, dividing the then duties of the Com- mittoe of Ways and Means among sovoral committees. The House adopted the plan unanimously. Cox has been a Demoorat all his life,—an able and a popular one; he hag never faltered; and on all financial and Tevenuo questions his speeches rank among the ablest. In tho Westorn States thore is Indgs Rurvs P. Ranney, of Cleveland, one of the ablest and purest men in the country, and an exporiencod lawyer and legislator. From In- diana thore is Winuax 8, Homan, an expe- rienced legislator, sound on all Democratic doctrine, whose record in Congress has boen 80 pure and free from suspicion that, even during tho ‘irregularities " of the laat twolve years, he has ranked as old honesty himself, From the samo State is Mr. Mrcuazi 0. Kxnn, who, next to Buame and Cox, is perhaps the best parliamentarian in the House. A man of irreproachable personal character, who has won for himself a national roputation upon the tariff and financial quostions, he wonld be an honor to any party that would elect him, andan honor to the country, From Illinois there is an ablo and experienced Dam. ocrat, Mr, W. , Monsisow, who, like tho others we have named, has passed through long Congressional service with cloan hands, ‘Thera can bo no ploa of a want of material, ~of the want of men with unexceptionable recorda, Now who is Mr. Saw Ranparz? He was an old Whig in Philadelphia, and has passed through the various stages of progression by which old Protective-Tariff Whigs attain full communion in the Demooratio party. The Protectionists of Pennsylvania, originally all ‘Whigs, carly discovered that they could beat Protoct thoir volfish policy by belonging to the Democratic as well as to all other parties. Hence, Sruox Castenon became a loading Democrat, and ata later day Sax Raxpary became a leading Democrat. In the division of offices by the corrupt looal rings of Phila. delphis, the managers have always allowed one Democratic Congressman to be counted elected, and, no mattor how the city or diss trict hag yotod for President or other candi. date, Rawpart has been always declared elacted to Congress since 1862, Philadelphia wos far moro interested in exacting a tax of 70 per cont on domestic made carpots, and on quinine, and on somo other special goods, than in anything olse, and o Democrat could bo of infinite service to his colleagues in obtaining swindling legislation of that kind. He has been far more effica- cious than even Mr. Kzrey in manipulating Democratic support for the more infamous of the protective robberies, because, profess- ing to be a Democrat, ho has exorcieed infln- ence among those who wero naturally op- posed to the robbery of their own conatitu- ents. We do not suppogo that from the day he entered Congross down to the day he in- dignantly refused to refund his baok psy, with the exception of some platitudes about Btate rights and State sovorsignty, ho ever uttered a Democratic sentiment or ever enter- tained one, His principle of government be- ging and ends in subsidy. His financial ays. tem has been tho old exploded one of the old Whig party,—capital resting on credit,— brought down and magnified to suit the gi- gantic growth of the corruption and apecula- tion of the present day. ‘This ia tho gentleman who is produced by the Democratic party as an illustration of their new policy in Administrative Reform, ‘The only serious compatitor of Rawparz, was Mr, Feananpo Woop, who ls known to the whole country. Finally, we suppose, it has been concluded that Ravan more distinotly representa the Demooratio idea of Adminig- trative Reform than Woop does, So Mr, Ranpatu is the preliminary candidate pot forth by the Demooratio party for the cam- paign of 1876, Of all the abuses of logislation committed since 1860, that af barefaced swindles in the shape of subsidies have been the most glar- ing and the most disrepatable. The whole revenue syutem haa been prostituted to levy- ing a tax on the multitude for the bouefit of some special person or company, In the olden tines, when « monarch got 8 new mis. tress, he levied a fresh tax and settled the proceeds upon hia favorite, Our revenue laws have been largely framed on the fame plan, The producers and tollers of the coun- try have been subjected to tax after tax, and monopolies have been created and endowed for the support of spooial favorites, and fore. most and conspicuous and insolent in pro. poring aud maintaining this system of taxa. Hon bas been Mr, Ban Rawpaxt, who bas been avlected by the Democratic party as its pree THE CHICAGO TRIBUNE: SATURDAY, NOVEMBER 27, 1875.—TWELVE PAGES. li ry candidate for the campnign of 1876, Ho is, wo suppose, to be eapecially com. mended aa a representative Democrat because of his union with Ben Burien and their Joint, success in voting the increase of the Prosi. dont's salary to $50,000 a yoar, and for voting themselves a bonus of $5,000 back pay and $5,000 increase of pay for tho sneceeding two years, A groat many men who voted for that steal got ashamed of it and returned tho monsy; great many others held on to the money, and tho people buried them in obscurity, But Sax Raxvare was not ashamed of taking the 5,000 back pay, nor of voting himself $5,000 increased pay for tho next two years. Ho kept the moncy and has it yet, and lng never had the least idea that taking $5,000 back pay would ever hurt him with the Domocratic party. On the contrary, the fact that he was not, as ho saya, fool enough to givo back the monoy, haa made him conspicuone as a Nemo- cratio representative of Administrative Ro- form. Tho Republican party can ask no better policy from the Democratic party than the nomination of Tost Scorr's henchman, tho protective-tarif, back-pay, inflation-Demo. erat, Sau Ranpary. ———_ CONGRESSMAN CAULFIELD'S JOKE, It was very unkind in tho Chicago T'imeato treat Mr. Cavurreip's recent promulgation of his Congressional plan of action seriously, The Times was tho discoverer of Mr. Cavt- FIELD a3 a Congressional candidate, and mny be fairly regarded 9 his personal organ, Ag ®& matter of course, Mr. Oaunrrenp would have availed himself of the columns of tho Times if he bad intended any earnest or- Position of his plans for remodeling the American Government and reforming the Western Continent. Mr. Cavurtenp, wo feel warrantod in saying, has not fully matnrod his programme as to just how ho will run the next Congress, how much or lit- tle of the present Constitution ho will re- tain, or how ho will adjust the present com. plicated financial condition of the country. The views he furnished Tux Tunvxe inter. viewer a day or two ago were evidently in- tended by Mr. Cavnrrenp as a joke, and tho lows which he had so carefully drafted mera “gpringes to catch woodcocks,” That his own personal organ should havo fallen into the trap, and held him up to ridicule for what ho manifestly intended as sarcasm, Verges upon cruelty to animals, It must be remembered that Mr. Oavr- riexp helongs to a race of inveterate jokers. He iss compatriot by descent and in sen- timent of the famous Sir Borzz Rocng, who ‘smelled a rat” which ho “saw in the air” and proposed to * nip it in the bud.” Cavurmiun’s constituents, who sup- pose that gentleman has shown his whole hand in the half-dozen constitutional amend- ments and a fow hundred general lows ho now bas in his mind, makes a very serious mistake and don’t understand the man. No pont up-Utica contracts Mr, Cavt- yietp's powers. Ho will go to Congress fully Propared to occupy the morning hour avery day and tho whole of the spocial day set apart ench week for tho introduction of bills, On specch-days he will occupy the floor {n inter- preting tha present Constitution so as to make it probibitory of any further expanaion of the currency, and explaining the merits of his now Constitution which is to prohibit contraction of the currency, The first fow montha of tho session will be occu- pied exclusively by Mr. Caunyrexp, unless an envious and spitefal Congress shall pass some gag-law to abut him off. The Timea should, therofore, await Mr. Oavnyrzzp's sorlous do- velopment of his gigantic syatem of reform- ing tho American Govornmont, and not take up the fow trifling suggestions which he tossed off in a jocose spirit to got rid of an importunnte reporter. Thero is another reason why Mr. Cavr- Frety’s statement of his Congressional pur. poses must be regarded nga huge joke, Mr, Hanson is the serious member from Chi- cago, Heisthe gontleman who represents the combinod wealth and intelligoncs of the whole West Side, while Cavzrretp ia only tho Bridgeport momber. Everybody who knows Mr, Hannisoy even by roputation knows also that he will not permit Mr, Gauz- yreLp to monopolize the work of remodoling tho American Government, drafting anew Con- stitution, and gonerally turning things inside out, Mr. Caunyrery knew this as well ag anybody, and ho evidently intended tho an- nouncement that he (Cavnrrenp) meant to undortake the great work single-handed and lone to worry Mr, Hannison. ‘This was an- other phase of the joke. But StateSover eignty Hannison was not to be caught with chaff, Had he misoonceivod that Mr. Oaui- FreLp was in earnest in this proposition to occupy tho exclusive attention of the coun- try during the ontire seasion of Congress, he would havo disputed Cauzrrenp’s claim be. foro now, Mr, Hanntson will not stand anything of this kind, but he Imows that Basnry is given to blarney, and will not un- dertake to carry ont in earnest what ho has told a Tarpune reporter in fon, It is a pity that an Irish Congressman jot have his Uttle joke without atirring up duch a dreadful com. motion, THE THIRD TERM, i The New York Herald, which is affilcted with the mania of Cxsarism, is now prophesy- ing day by day the third term. The Wash- ington Chronicle, edited by the cousin of Founer, the Intter being in Enrope doing good Centennial service for Philadelphia, de- liberately placoa President Gnanr upon tho track fora third term. The Chilicotho, 0, Gazette, Ustening to the outery, shivoringly affirms thet ho will receive the nomination if Beople don't stop talking about it, In the first caso, third term is a disease; in the sec- ond, an absurdity ; in the third, only a timor- ous apprehension, There is still another viow of the third-term business, dictated by common sense and acalm view of the situa tion, Prostdent Grant will in fifteen months re- tire from his term of office into private lite, It is evident from his present policy and the vigorous manner in which he is grappling ‘with official abuses and malfeasances that ho ig determined to devote the romainder of his term to the correction of the mistakes made in the earlier part of his Administration, and, as far a he knows how, and profiting by ex- perience and close observation, to give the people satisfaction and to quit tha White House with the popular respect and esteem. Eight years ago, fresh from the military camps where hig authority was well nigh absolute, and without any political experi. enco whatever, he entered upon the difficult and delicate duties of the office of President, when those duties were peculiarly exacting and distracting. He left a work of force to Shter upon a work of conciliation, It is not singular, therefore, that his views of political affairs and bis executive acts, which were then, more or less colored by his mill exper. ences, gave ofensé to lufluential ad wero distasteful to many who wore not poll. ticinns, The disfavor culminated in tho Garter movemont, and a considerable and very influential portion of the Republican party wae alienated from his support. Tho People, however, were unwilling to risk Garetxy, nnd re-elected Grant, notwith. standing his orrors. Since that election he haa shown more and more clearly his purpose to make a brilliant conclusion to his A-iminis. tration, Ho has Inid a hoayy hand upon thoso who havo violated official duty, without regard to political or social considerations, He has visited and is now visiting severe punishment upon those who havo defrauded the revenue, those who havo swindled in con. tracts, thore who have been guilty of any kind of dishonest transactions, He has spared no one, no matter how closo to him tho guilty party might be, In this respect ho has acted as he didin tho army. His carly military career was sometimes marked by mistakes which in timo he corrected. To closed the War with a most brilliant reputation, and contributed moro to tho salvation of the Re- public than any othor man in tho army. Noxt summer, the Republican party, like the Democratic, will nominate a new man, and President Grant will pnsa into rotire- ment, with his reputation as a statesman Greatly strengthonud, and the earlier errors of his Administration oithor forgotton or for- given. Thore is just this much of trath in the third.term talk which hos arison in view of this retirement: After Gon. Grant has been four yoars in private lify, providing his successor during the noxt four yoars should not prove satisfactory, it fs not impossible that the people in 1880 may give him another call, It wonld not be a violation of anything in the written or unwritten Constitution, It republican institutions, It would not estab. lish o dangerous or even unwiso precedent, opposition. It would be the solection of a man of oxpericnce, and ono whom the people ly what he could do, There is, thorefore, ag weconcoivo, a chance fora third term for Presi- dont Gnanr in 1880, or oven as Inte as 1881, At that timo ho will still bo in tho prime of pied tho position. It is impossible to foretell what ronctions may take place during the next Presidential term, what new complications may ariso in the South, what disturbances may occur in our foreign rolations, what questions, political, economical, or financial, may be sprung upon tho country, and it is by no means impossible that thoso may in. duce the people to invite Gen. Gnanr again to tho White House, whom they had provi- ously proven, rather than a now man of whose wisdom and ability they are igno- rant. In addition to this, the Presi- dent has repeatedly exprossed his in. tention of making o long visit to Europe at the closo of his term of offico, and such o visit will do much to qualify him for the office by giving him still broader views and the advantage of comparing our republi. can institutions with the Old World Govern. ments, The Presidont is nota great talker, but he is a very closa observer and careful thinker, and his European tour will broaden and maturo him as a statesman, and givehim more comprohensive views of the science of government, Mr, Benwzrr may therefore re-bury his akeleton, Mr. Forwxr’a cousin may quic the Prosident-miking for 1876, Mr, Harerxap may banish his apprehonsions end aleep of nights, and all who are afflicted with Cosariam may quiet their norves, There may bea third torm, but it will not com. mence in 1870, It is unsafe to predict, how- ever, what may take placo after that time, If President Gnaxr keeps on, as he is now go- ing, in the direction of reform, retrench. ment, and tho vigorous prosecntion of offend- ors against the law, thero may bo a third term commencing on the 4th of March, 1881, —_—_—— “AN OLD TRADITION.” ‘This is what tho London 7'mes calla tho affection that exista between the United States and Franco, It soems sentimental to our British brethren, but could bo better de- scribod as sentimont. The Times ia right whon it says that ‘in spite of divornities of race, language, temperament, and pursuits, there ja a strong sympathy botween the Americans and the French.” Wo cannot fore get the nation which gave us freodom and Laravetrz. Wo might have won freedom without French ald, but the struggle would have been prolonged for years, And 60, despite the diversitics already onumernted ; despite the mad freaks of “ Citizen Gxvxt,” which threatened at one timo tho dis ruption of the new Union; despite tho French decrees early in this century, which wero more malignant than tho Englih order-in-council, which, though re- vokod before the War of 1812, precipitated that war; despite French sympathy with tho South; despite all these things, wa cherish an affection for France atronger than that felt for any other nation, with the possi- ble exception of Russia. The hond between that despotic Empiro and our froo Republic is often spoken of as inexplicable, but when the secret history of the Civil War is written, reasons galore will be found for our affection for Russia. While the French Emperor was plotting tho ill-starred raid upon Mexico, and asking England to join him in forcibly rais- ing the blockade of the Southorn ports, the Emperor of all the Russias checkmated the lattor schemo and placed a powerful fleot at the orders of our Presidont, to be used if Navorzon vontured to interfere, Alone among American papers, Tax Tarmune has obtained and published full details of this bit of unknown history, No doubt the strength of Republicaniam in Franco has much to do with our continued liking for that country, We aro aincorely lattered by French attempts at imitation of our institutions, The constant appeal to American precedents in the debates of the French Assembly aro pleasant roading on this sido of tho Atlantic, If the Franco-Ameri- ean Union sucoceds in its magnificent echome for erecting a colossal statue on an island in New York harbor, the seal will be set upon the alliance between the hearts of the two peoples,—an alliance far stronger than apy that can be formed botwoen their Govern- ments. Itseoms to be our destiny to re- ceive favors from French hands, not to bestow them in return, Almost the only exception has boen the food and clothing shipped from this country for the sufferors from the Franco-German ‘War. One of tho wisely selfish maxims of Frown was that the way to conquer an enemy was to get him to do you a kindness ; he would like you after that, The printer. philosopher put this theory in practice when lho wae in London, He applied to person who disliked him for the loan of a rare and ooatly book, got it, returned i¢ with a note of warm thanks, and became the man’s friend, On this Franklinias principle, France likes would be in accordance with the spirit of It wonld afford no room for cavil or would trust, because thoy would know eract- life, in vigorous health, and young as com- pared with others who havo sought and oceu- America, She has done ua many favors, and w8 have earned her affeotion by the enay pro- com of taking whatever she has boon willing to give, The Times says that “the French havea vaguo liking for Amorica, so far os thoy know anything about it, which is not very far.” The amount of knowledge of this country in the possesaion of the average Gaul ds probably not great, and the liking is neces. sarily vague. No man aver likes any country but his own in anything but » vague way. But there will be nothing vague about the colossal etatue of Liberty that is to atand on Bedloe’e Island. The crown of light about ita head, the rays that will stream from its uplifted hands, will not only light the paths of ocean, but flash to heaven the sign of enduring amity botween tho great Republics of the Old World and the Now. ——. ‘WHY GREENBAOKS WERE ISSUED, The legal-tonders ara acknowlodged by those who favored and those who opposed issuing them to have heon an expensive means of providing the Government with money to carry on the War, Hundreds of millions of dollars are said, by those who havo an easy grasp of figures, to have been added by their uso to the cost of the War, It is stillan open question between tho different schools as to whother the War could have been carried on without them. Even at this late day, at- ter the hundreds of millions of dollara have been lost, the disonssion js notan. unprofitable one, if it serve to make clear tho trath. Tho matter is one of the most difficult in financo, for it touches not only principles but facts, The principleg are easy to disclose when the facts are had, but thero'sa the rub. The facts hardly two writers will agree about, Mr, Sravupsxo, the ‘Father of the Legal- Tender,” is about to publish g second edition of his History of the Paper Money of the War. He hns added to his previous volume many valuable documents; and one of the most striking of these is a letter from Mr. Gronax 8. Cox, of the Amorican Exchnngo National Bank of New York. Mr. Cor is vena of the oldest of tho New York bankors, and his viows and recital of facts aro very interesting, oven if they cannot receive ontira assent, Mir. Cox says it may be confidently affirmed that, if the banks had boen allowed to go on using the Clearing- Houso machinery, they could have continued thoir advances to the Governmont indefinitely at tho opening of tho War, and, if not dia. penaing with the nocessity for lognl-tenders, would havo long deferred them, “to the saving of hundreds of millions to tho coun- try.” Mr, Coz gives s history of theso advances by the banks to the Government. They wore in a position of extraordinary strength, The three years that had followed the panic of 1857, like those which aro now succeeding the panic of 1873, were yeara of great econ- omy and productiveness, accompanied, as now, by the most careful supervision of ored- ita, Asa result, the New York banks held the unusual proportion of 60 per cont in coin of their liabilitics, and in the country at largo the total coin reserva was $63,105,039, against $142,681,956, of Hinbilities, A Inw waspassed by Congross, that of Aug. 5, 1861, to enablo the banks to act aa tho agents of the Govern- ment in obtaining loans from the people. In this thoy wore, Mr, Com roporta, remarkably succossful, as long as they were employed by the Government in tho negotiation of the first $150,000,000 of the 7-303 of 1861. He snys that when the banks began to Pay into the Treasury $5,000,000 of gold every six days, ‘the internal trade movement was so intense,” in consequence of the rapid disbursementsof the Government and of the excited state of afl intervats, that the coin all came back.to the banks in about a week. Its movement quick. oned in obedience to the domands upon it. This was the condition of affairs till about fifty millions of tho 7-403 had been placed by the banks, Mr, Onasz at that point had ro- course to the Treasury notes, Tho inevitable rogult was at once apparent. The papor drove the gold into hoard. The banks, which from Ang, 17 to Doo, 7, 1861, when thore was no Government paper in ciroulation, had lost but $7,416,380 of coin, Joat in threo weeks after theissuo of Treasury notcs had been do- termined upon no less than $33,000,000 of coin. The suspension of specie paymenta and tho inflated issue of depreciating Gov- ernmonta followed, of course, ‘Thero are geveral obvions comments upon this narration by Mr. Cox. Ho points all hia faota to the conclusion that the issue of Gov- ernment paper was a mistake, andan unneces- sary mistake. The banks could have got the Government all the money from the People it needed. But it is plain that his point of view asa banker—and a Now York banker—hes limited bis horizon, His own figares show that the banks did not regain from the people all the coin they put into ‘AMr, Cnasz's hands, In less than four months they lost $7,415,380 of coin. This showed that tholr stock of specie was certain to disoppear in time, ‘The history of the period, as related in Sonvoxens’ ‘Life of Onasx andin Mr. Sravnpmo's His tory of the Paper Money of the War, ia con- clusive that the reason that Mr, Ozasx ceased to depend upon the New York banks waa that thoy could not and did not furnish the funds with tle rapidity absolutely nooeasnry to moet the enormous and increasing expenses ofthe War. Itisa fact that the assoclated banks did not succeed in maintaining the necessary flow of “the sinews of war” into the Treasury, Itwas a crisis. What wore the altornative coursos? The sale of bonds or taxation beyond endarance, or the issuo of Government paper. Tho anle of bonds had been tried, and found at that time in- sufficient, In this country tho people wore not awake, It took them a long time to open their eyos to the fact that the “ninety daya’” war was to be one of the most bloody and expensive atraggles in history. In Europe the credit of the Government was venomous- ly and successfully attacked in the great money centre of the world by papers like the London Times; there were formidableseceasion- ita factions in the political field in the North. ern States; the channels of bank circulation were choked with bank paper monoy, wild. cat, and other kinds, capable of indefinite ox- tension; al] the Northern banks were not on tho side of the Union; banks in New York near Mr. Cox are on record as shamefully ob- structive to the Treasury; as for taxation, nobody ever proposed seriously that the property and production of the country be- tween 1861 and 1865 whould bear the burden of the preservation of the Union, All these are facts that do not enter into Mr. Cox's view, but they are vitsl, Tho question whether or uot the Government should maintain itaelf by the forced loans, into which the Issue of its paper resolves itself, was not a simple bank. ing question to be settled by a mesting of a Olearing-House, It wasa political, a moral, even a sentimental question, The people could have eonteibuted all the money nesded, But tho people trare not yet fnaod together by the heat of the War; thoy coulll earn the money; thoy had not the disposition at that time to part with it, ‘The Pecuniary valne to the Union of the Sentiment of patriotism at home of respect abroad, founded on success, had not yot become deeply manifest, Tt Is such interfering causoa ag these that mako fata) aberrations in the operation of the most caroful caloulations of the mere financier, Tho political economist cannot disregard the most powerful motives of human nature in Propounding his theories, ‘Tho records of the timo are ful} of evidence that this attempt to throw the blame of the suspension of specio payments on Mr. Crasp {a unfair, 80 late a3 Dec, 9, 1861, Secretary Crase, in hia annual report, urgod Congressnot to adopt a achemo of Government Paper, nos even if it were convertible into gold. He Proposed aa tho financial oxpedicnt for cate rying on-the War the National Banking Ag sociation. The renson why tho Secretary dig continued tho uso of tho banks was that they insisted in offect that he must take the money subscribed through them in gold or bank. notes, as the caso might be. Thia was in the interview with tho Now Yor’ bankers, Nov. 16, 1861. His roply was: ‘Tr you can lend mo all the coin reynired to con. uct tho War, or show mo whero I can borrow it elsewhere nt fair rates, I will withdraw every note already issued, aud pledge myself never to issue Qnother ; but if you cannot, you-must let mo ctick to United Btates notes, and increase their issue just so far as the doficiency of coin may mato ucces. sory.” This record, which is alaost puto. biographical, being written Ly Mr. Senvcz. ns, Mr, Crast’s private secretary, places the matter in its trno light. Secretary Cage was distinctly offored by the bankers nothing better than advances in mized coin and bank. paper, This would have ented in unlimited inflation of Stato bank-paycr. Mr. Crise thought Government paper better than wild. cat paper, Tho Legal-Tendcr act was passed against Mr. Ouasr's advico, and so late as Decomber, 1862, he urged Congress to ro place it by a National Bank circulation, Baye ing he proposed “No more psper-money schome, but, on tho contrary, a ccries of measures looking to a safo and gradual return to gold and ailver as the only permanent basis, standard, and measure of valuus racognized by the Constitution.” A final evidence of the difficultics that ba set tho Secretary of the Treasury at every atop was the comment of the London Erona mist when Mr. Coasz wont to New York to borrow $50,000,000, in August, 1861, It said: “Ibis utterly out ef tho question, in our opinion, that the Americans ca: obtain, either at homo or in Europe, aoything like tho oxtravagant sums they are asking—-forEu ropo zcon’t lend them; Amovicn cunt.” and The wild-cat inflation or:jan, only in irredeomablo, fluctuati scrip for monoy, says: The proposition that an inereasot w:rpyly (of gold) would come to the nation merely borsue9 more ward, be neodod, fe as absurd as would bs tie dacdiraticr that tho individual has only to cesre gold to possess t mufficdency of It, Tuo ides thut *twhorwzer (uo gold 8 neoded thoro willithe gold speedily aud directiy Mud ite Way," {s eminontly worthy thy ignoraosoand innocen® of the dark agos, Notwithstanding these doginitic assertions, it is fact that gold docs flow vhure it isd sired, and that where it isneeded goldspecdily “finds its way. Whero it. is not desired it never ciroutates, but stay: away. What peo. ple do not dosire in the way of any particular kind of property or goods is not thrust upon them fn defiance of their wish. In ordor to possess gold or auy other raluabl: object, the first thing necessary is to desire tu have it, When tho people de: to have gold - in circulation as moxcy, they will speedily find ao why to obtnin it. A country which produc:s from its minor from eighty toa hundrod millions a year of gold and silver can suroly keop some of it it 4dt desires to, and more espzcinlly when the samé country produces from thros to four hundred millions of surplus ¢otton, bread. atuffs, and petroloum for aunnal exportation, sad has the power to fabricate and export other hundrads of millioas’ worth of maau. * factures whonover tho people choo:o to adopt s fiscal eystom that removes tie barriers and obstructions therato, Tho banks of tly United States oan import a hundred millions of gold whenover they uoo fit to export ous quarter of the bonds in’ their possession, ‘Thero are ways end meaus in abundance iu this country for obtaining all the coiu nveded to support rosumption whenever the people desire the gold and cone‘ude to resume, ond he that denies it showa that he is too stupid to comprohond what hb is talking about, hich Lelievoy depreciated Italy seems to bo struggling at Inst out of the slough of financial despair, Year after year the new Kingdom, burdened by the enormous dobts of the petty despotinmns which it swallowed up, has groaned under the an nual deficit, This has somotimnes amounted to many million dollars. ‘fhe national deit haa boon piled up, Pelion upon Ossa. ‘The premium upon gold was long since so great that the precious metal wns drivon out of circulation and nothing loft but depreciated paper ourrency. Batters have gone from bad to worse, until it secmed as if the lood would become too great to'carry, and thet the Kingdom would bo forced to dishonorally cast aside part of ita debt. At Inst, tho long lone has its turing. The present Min ister of Finance, Signor Mixcuerts, bat managed to almost mato the two ends moet, His estimate for tho currant year cube templated a deficit of $65,000,000, This wat the precise sum appropriated for an exter sion of the railway system, and therefore fairly chargeable to the capital account, that is, to the national debt. By issuing bonds forthe amount, Signor Minonertt has re Moved the annual income from that chargs, and can report an actaal gurplus of nearly $2,000,000. Moreover, the adoption of new methods of collecting taxes has so greatly reduced the number of tex-eaters aud 60 diminished the percentage of expense that Italy will hereafter be able, without levying now taxes, to meet the intercat on her oan support her army, which {¢ of tho utmodl value as a school, and defray her ordinary expenses, The publication of MevauerT report has been followed by « decline of 1 per cent in the premium on gold and cy er of 10 per cent in the public sccuritics. on Ttaly can have peace for ten yoars more, can become great and ous. go t 0 Chicago Times jo « Atting instance © icbolet by ite own petard Ly its prosent bie tlons toward Mr. Convoy and its former axtiode toward tne obarter of 1672, The Chicazo ie inaisted upon the adoption of that bybri ro surdity, and, attor it was carried by fraud, rs Times still inaisted that it bad been boa adopted. Yet that journal is now maxiog ete efforts, which we fear wil Laiteprratee had id the ¥ urpose for Ww! as adoplad, vies 1 To enable Br. Convin eal the ofllce of Mayor elghteen months bayox