Chicago Daily Tribune Newspaper, December 13, 1875, Page 4

TERN.5 OF THE TRIBUNE. 813.00 100 .00 [1eth] Mait= tn aar adde: Seuday bontloa: 1. 5. por gy, a0 le B eouts Hpechmen copics sent feee, Tayrevent delsy sml miatakes, he sure and give Peat-Oftice addrens In full, including Stateand Connty, Kemittances may be made elther by draft. exjreas, Pcat-Offico order, or in regiatered Jeiters, at OuF visk. Dafly, delivered, Bunday ex: Daily, delivered, Sundas fncl Address TilK TR Corver Madiron an.1 Duarbars.ste,, Chicago, il AMUZEMENTS, REW CHICAGO TIIE, E—Clark sireet, betmoen Bandolph and Jake, Kelly & Leon's Miustrels, ADELPHI THEATRE—Desrborn Monros. Variuy eutertajument, NOLEY'S THEATH Clurk aud Lasaile. C. WcVICKER'S TIEATRE—Madison rirect, botween Dearbors and §'ate, Ligagemisut of Misa May How- ard, * Uuuted Down,” street, eotmer Tandalph_strest, botween forula Minstrals, WOOD'S MUBEUM-Monrne airact, hotween Dear- born and State, Afternocn: * Camille,’” Evenlug: 4 Camila's Husbatid ¥ and ** Stage-Siruck.” PLYMOUTIE CHUBCH—Lectnrs by the Iton. Wil JJom Paraons, Su Ject: ¥ Persaverancy, or thy Life of George Ste) henvon,” Ehe Chitagy Tribune, Monday Morning, Dooember 13, 1875, The Chief Prognosticator reckons that we will to-dny bave cloaring weather and cool winds. At the New York Gold Exchange on Satur. dny greeubacks were worth 87jvon the dollar of huard money. Mr, Breuivos, of New Orlenns, {8 men- tioned as likely to be nominated by the Pres. ident ns the successor of Judgo Dunriy, of the United States Court of Lonisinna, The Judicial Convention meets to-day to* nominnic a candidate for Bupreme Judge to fill the placo on the Bench made vacant by the resignntion of Judge McAvrvisten, Itis in the power of the Convention to make n first-class nominaiion, and place o candidate balore tho peopla of the District which they will elect, Tho success of the Laft iu tho Franch As- semilly in electing & majority of the life-Sen tors thus far chosen is the oceasion of not o little perturbation in political circles in Paris. President AlacManoy isveported as being dig. plensed at tue § vospect that the Hepublicans will obinin contval of the legivlative branchiess of the Government, and the sensitive Dourse is alarmed by visions of the tinancial distarb- ances certain o attend tho success of tho Reds Cane Scnonz, in an interview with a New York reportor, lias exprossed big dishelief in the corzectness of the roport that President GanT charged that the assault by Mr. Iey. prnsoN wns the manifestation of a conapiracy between the two Missouri ex-Senators. - Mr, Scuonz @oesn't bolieve the President ever il anything of the kind. IHeo does not selieve, eud never ha3, that the President sver had any complicity with the St. Louis Whisky Ring. The popularity of the Cestral Church movement i3 attested in o curious manner by the gathering Iast night of a number of per- sons in front of the placo whero the seals are ‘o bo rold, prepared to stand in line all night ‘n order to get the first choice when the sale speny. Such things have been known heroto- ‘ore in connection with grent musical or irunatic events, but this sort of zoal and per- teverance is rarcly observed outside of the smusemont world. It might be considered tmoat beroic but for the faind suspicion that shiere mny bo o spico of worldly speculation nit, The Domocrata in both Ifouses of Con- gress have been wrestling with the Constitu. ion, the Revised Stntutes, and JEFFERHON'S \anual, and havo succeedod intorturing out 1 construetion which wonld make Bpeaker Kenk Presidont in the eveut of the death of President Guaxt, 'They uppear Lo enjoy tho sontemplation of even the remotest possi- sility of aceidental accession to power, and, tv long as there is no likelihood that the con- dngency involved in their little Chinese puz- *lo will present itscl?, they may be permitted the iunocent amusement of building air- sustles which can bo so casily disposed of when the necessary ocension arrives. Judgo Duxy, Chicf Justice of Arizonn, has been informed that he is at liberty to dis- sover the cause of his romoval in the fact of ais bitter oppesition ty the public-school system, Thin is gratifying to Doxy, who aankerod after s notoriety impossible through o slaggish channels of merit, Lut easily ob- wained Ly menus of this invitation to step lown ond out, There wero other ressons shy Dusn sbould vacate, Lut none which sould be more sufficiont and satistuctory to ul parties. The Federnl judiclary is well rid >f an undesirnble appendsge, and the apponents of an unsectarieu system of public ichools are quito welcome to canouize Dunx A8 o inartyr, It is now understood that the Prosident’s supplemental message on the subject of tho Cubun question will bs delsyed until Janu- ary, for the reason thut tho last Spanish note, although concilintory in tone, leaves tnscttled various points at issue, and neces- sitates further correspondence between the two Governments, Presidont Grawr is said to bo opposed to the recoguition either of Cuban independence or belligereucy, and to tuky the ground that annexation is not to be thought of, e iu beliosed to fuvor the extablishment of a sewmi-independent colonial Goverument, similar to thut of Canoads, for Cuba and the rewmainder of Spain’s West In. dia possessions, The Chicago produce markets wero gener. ully casler Soturday. Mess pork wny quit sud declined 200 per LU, closing fimn at 9.15@19,20 cash sod F19.40@19.42} for Pcbruary, Lard was loss active and Se per 100 g lower, closing at $12.25 cash and §12.424 for February, Meats were wiore nct. ive aud casler, at 74@7}o for shoulders, 10jc for short ribs, aud 10jo for short clears, wll boxed. Highwines were dull and stoady, at £€1.11 per gallon. Flour was dull end woak, ‘Wheat was more active and declined 1o, clos- ing firmer a4 970 cash aund V8o for January. Corn wuy active and casfer, closing at 48jc tor Daceruber und 44jc for Junuary. Outs Weiv quist uud esaler, clowing at 804G00J TIIE CHICAGO TRIBUNE: MONDAY, DECEMBER 13, 1875. cash and 308e for Jannary. Rye was steady. at GeauRte. Barley was quiet nnd §@ic lower, closing at €616 $7c for December and &ile for January. flogs were activo ata decline of a@ine, relling at $6.75@ 7,85 for common to faney. v trade was inactive, with prices weak and unsettled. Sheep were in | demand, at $30.75@5.25 per 100 1bs. Ono'l i drad dollars in gold would buy $11L37{@ 11440 in greenbacks at the close. ¢ ——ee e The telegraph operators emploged by the Western Union Company in Chicago held n Iargely-sttended mecting yesterday to consid- eor the subject of tho proposed reduction of salaries belioved to hiave heen decreed by the Bonrd of Directors. In tho absence of any positive information on the subject the moet- ing did nothing mora than to thoroughly dis- cuss the situation, and to adopt a serics of resolutions rewonstrating and protost- ing against the proposed reduc- tion. A disposition was manifested to nct with moderntion, and there was a gen- eral expression ngaiust the policy of a strike in easo tho Directors should ent down wages. Messnges from various largo oftices through- out the country provo that the telegraph op- erators clsewhera aro moving in the matter, aund indicate the existenca of n strong feeling that any reduction at this time would be un- just and oppreasive, Our Whashington dispatches of yesterday stated that the Post.Odico Dapartment ofii- cials have been spending much study and labor upon the question of the rates of post- age, and have bLeen making calculations to show just where the Governmont loses in revenne, Among other resultsof their study they find that the loss onsecond-class mntter, which consists of newspnpers, magazines, and periodienls, i 6,003,028, and the loss on y miscellaneons matter, ©#4,118,9146 This statement, however, is very deceptive, The postal ofticinls are straining at n gnat and swallowing n very large camel. If they had carried their studies suficiently far, they would have discovered that the principal cauge for deficiency in the revenues is not o the sending of newspapers for lower rates per ounce than letters, but in sending daily mails at enormous cost of transportation to remoto places whero only a weekly servico is needed, and where teu times as much money is paid out than is received. MONEY AND CREDIT, Of all the paper-monoy illusionists in this part of (he country, Mr. Jastes K. Maore, of Springfield (whose letter we printed on Satarlay), seems to be the wildest. Having d:iven Mr. Canvestin, of Madison, Wis., to the wall by simply insisting that, with * pa. per monoy " which was never to be redeemed, ond which the gold-hrokers refused to buy, wa should be compelled eventually to aban. don trade with foreign couniries except os we might exchonge a bushel of wheat in kind i for a yard of silk, or o cheeso for nsack of coffce, Mr. Macig comes to that gentleman's resetio by saying that Carecston wmade mistake by admitting that a dollar could possibly heve any value Whatever! Mr, Maatr: openly confuses the torms of money and crodit, nud detines bis general finuneinl sagavies as follows ¢ 1¢ 3 busbe! of wheat ia worth & dollar, & man never oil Bia whieat fur the dollsr, 3o accepts the duline s andicating the deree of ¥: bich sttached to fho wheat ; and, whils ho boble the dollar, Le pos. scsqes no roul value, flo merely Lovacases credit for valie ot demand, aud he gota bin value whien he poris with that credit, or, in otler words, parts with Lis monos. So long a3 Mr, Miare refors to a due.bill, check, or bank-note, or a note of the United States for onc dollay, he is partly correct, Ench are mero credits, and neither hns any intrinsie value, But moncy is o very differ- ent matter. It is the thing twlf which the clicek, bank-note, or the United States Gos- ernment note promises to pay, and what the chiock or 1ill of exchange represents. Moncy ja o term employed in commercial transac- tions the world over, and it menns coined motal,—gold oud silver, stamped by public suthority to indicate weight and fineneas, and used n9 the medinm of commerce. Gold and silver are the precious metals upon which tho whole commercial world has agreed as o common monsure of value and medium of exchange. All huying and selling is mere barter,—tho exchange of one commodity for gnother, Credit is barter on time. De. tween individuals, & buslel of corn is ex- changed dircetly for a ponnd of tea, or o bushel of wheat is exchanged for a few grains of a valuable commodity kuown s gold, of intrinsic, standurd, and recognizod worth, which can be converted at option into n pound of ten or snything e¢lue. Barter on time g whien n bushel of wheat is purchased onn pramise to pay an oquivalont valuo at somo future time. This may be by means of a bank-check, an individual note of hand, or anote issned by a banking corporation or a Government which commands genoral confi- denco, But eliminate frem {his noto of Land, or bank-note, or check, or Government note, all hope and confidence that it will ever bo redecmed in the commodity of exchange known as gold, and it will be impoasible to procure wheat, or ton, or coffes, or any othor valuable commodity in exchaunge therefor, ‘Fhie Government greenback is o credit, which is hawked abont the streets for discount, and is reccived to-day at 15 couts off, to-morrow at 17 centa qff, and next day perhaps 14 cents off, ranging nceording to what the gold-brok- ers nre willing to give for it in the valuable comwoedity gold, It would pass from hand to land at par with gold, if the maker would redeem it; but, failing to do so, the gold- brokers shuva it, and hence the deprecistion und Huctustions. ‘The United States noto is also o local eredit mercly, just as much as the individoal note of a merchant in a community where he is known. 1t s received generally among thase who have confidence it will be redeemed in woney, with an allowance for the time that will transpire before such redemsption, the possible dunger that it may not bo redeemed, and the uses that may bo mado of it mean. while ; but the ordinary merchant in Cal- outta or Hong-Koug would refuse it alto- gether, und refor the person tendering it to the ncarest note-broker, Iut if ga individ- ual merchant in this community should an- nounce that he mever intended to redeem Liu notes, and that there was no way of enforeiug their colloction, it 15 uot likely that anybody would tako them in exchauge for anything of value; 80, if the Government should make tho same aunouncement, i is not likely that they could be exchanged auy- where for valuabla commodities. The fuct that the whole civilized and com. mercial world recognizes the precious metals, gold und silver, as thivgs of intrinsic value would seem to dispenso with the necessity of auy special demoustration that such sro their character in the Unitod States as well as elsv- where. -But we have the highest Americay authority for the same viow, first from Con- gruss, which Lsa pledged the fajth of the uution that the United States notes shall be redeemed in gold money; nud next in the United States Supreme Court, which has said ; But.on he other band, It In equaliy clear tlat the tates are obligations of the United States, Their name imports obligation. Every one of them exprassen upon A% face an engagemiaht of tho natlun Lo pay the l-earer acertalnwym. The dollar note (= an enzagement fo 1y & dollar, and the dollar snten fed te the coin doirar of the [ntte] States—n certain quantity m 1ceight and Jinencasat acld and mler, authenticated as auch by tne atam of the Gorernment, "Thus stamp on the gold or silver Is not a “'promiso to pay" n dollar, which is tho stanp upon the greenbask, or Lank uote, or check, or due.bill, tut simply * One dollar,” which means that the piece of wmetal {s au. thenticated by Government as containing the valne in weight and quality known ns ““one dollar” of actual value in the commercial world, The wtamp is merely an evidence of (uantity and s protecrion to facilitate the traneaction of business. It is the recognized wulue of the precious metal which gives it curroncy the world over. A man may travel “around the world ju eighty days” with shinple gold-lust as it was washed from the sands of AMother Nature or crushed from the quarlz as it comes from tho bowels of the earth; and he may exchange it ot any spot on the face of the globo for any other commodity that he may desire, accords ing to its recognized raluve na property or wealth. It only needs a pocket-scale to weigh out portions of the ** ghining dust"to pur- chiaso opinm or elephnnts in India, tea in China, spice in Java, silk in Japan, ivory in Africa, mumimnies in Egypt, coffes in Cubs, or any manufacture in Europe, from a pin to a Cunard steamer. This yellow dust fa tho stul real money is mnado of by mankind, and if this be not talue, then the wordis meaningless. It is this thing of talue which the Government has promised to give for its notes on demand, and which it does not give, Ifence their deprecintion, Tske away from them tho promise and the conii- deneo that they represent such value, 88 the ‘¢ greenbackers ” propose to do, and they will be worth, after present debts are discharged, Jjust their ralue in old, worn paper; nothing more and nothing leks, Mr. Moz denics that there is any “world's currency,” though he reluctantly admits that gold passes in all countries a8 & wedium of exehango and measure of values, —tho universal agency of barter. Dut ho desires to establikh s o fact that the United States, after it shall have abandoned tho theory of gold-redemptiop, may trade with forcign nations the snme as before, o can- not find a conntry where this state of things exists, and ko he sets himself up a8 o modern Coruvynus, sod goes out on a voyage of dis- covery, Ho says: Suppose we ehould dlscover & nation that never saw any goid, but which wead ine paper, sampod by the Guvernment with fignres repreronting different doe grtes of value, and this yuper circul tinzat the value the guren reproanted, wo would bave no dificulty (o tradiug with sich an tion, Supross I had wheat to #eil, would T refure (o sell to thls nition and tako lls vater? We think not; and, if he did not refnre to exchange commaodities of volue for this sort of paperat the figures stamped thereon, it would be the dnty of his friends to issue an inquiry de lunicato, and ¥hut him op in order to restrain kim from disposses:ing himself and family of {heir property. If the paper of this undiscoverable nation were exceed. ingly fine oud rare in textuore, Mr, Mautr might exchange his wheat therefor ace cording to its waluo in gold Ly weight, and 8 pound of it in weight might be worth a8 much a8 a bushel of his wheat, but not nccording to nny fictitious figures that may have been stamped on it While he ison a voyage of discovery, it would be inuch better if he could discover n nation which will work its fields. forests, and mines, oud turn over its products in ex- change for * greenbacks " after tho promise of rcdemption shall have been repealed. Congress can then set its printing-presses to work and pay off the national debl; having done which, if tho wealth of the undiscorv- ered nation still holds out and the unknown people are still willing to take irredeomable stamped paperin excliange forcommodities,we will divide up their wealth amnong onurselves pro rata, nnd Mr. Maciz, as the discoverer, shall have the lion's share, Until be has dis- covered this mythical uation, however, ho cannot successfully maintain that real money, i. e, gold, has no ralue, and that a stamped piece of paper promising to pay nothiug can Lo exchianged for valuable commodities at any rate which the Government may choose to establish, Even now, when thore is o promise to redeem American curroncy in money nnd a fair prospeet that it will be doue, this currency will not be sccopted in exchango for valuable commodities in Itus. sin, Austria, or Italy, though these countries liave a depreciated currency also; nor do we accopt their dopreciated ourrency in exchango for our products. Each country insists that the othor shall pay in gold, which shows that the credits of all are meraly lacal, 4o long as there is any failure or default in tho prowpt redemption of the notes in the recognized money of the world,—gold and silver. . BTATE OWNERSAIP OF RAILWAYS, Nationalized Uormany proposes to uation. alize ite railrond system, The German will not imitate the American in the odoption of o Government so free 03 to leave its citizens the slaves of corporations. In Germany, the Btate is wsed ns the woeapon with which the peoplo obtain mony conveniences and wach defenso that in this country they do without, The corporation finds itself in Bisaanck's Ewpire face to face with Bis- aancx's corporation, tho State, Horo it Lay an easy march across the soveral bodies of its unincorporate victia, The details of the recommendations of o German Govern. wental Committeo with regard to the State ownership of milronds points to the most decisive, most radical, and logical schomo of tho kind that has yet been proposod. The German viow is that tho modern railrond cor- reuponds to the anciont highroad. It i as much the proviuce of the Govern. ment to rnn the one sy the other. This principle has historical strength. The high. way has nlways been o Goverumental institu. tion, Should its relations to the Btato change because it has rails instead of ruta? The Coumnittee recommend the Government to dhape its polioy toward geining possession of all tho railronds in the Empire, A plan for this purpose hias beon prepared, und owanates, it is said, from the officeof the Chancetlor of the Fampire. The end in view is to be reach. ed by wuccessive stops; possession {u to be goined before the mansgement becowmes offi. ciel. 'The rights of present owncrs are to be preserved by an ingenious sud new arrango- ment. ‘Che aunual incowmne of the road is to be caleulated upon the averoge of the income of the last eight or ten yonni Tho capital value of the railroad property will be put at twenty or twenty-ive times thls av. ovage lucome, making the latter equal to 4 or 5 por cent. Government stooks ave to be {asued to this amount to the existing slockbolders (n plase of the oarpoe ‘The price would he reckoned in nctnal dol- lars instend of in deprocinted notes snd broken promisus-to-pny dollars, but the pur- chasing power of the price would be the same. The malary paid & man who nnw receives 816 per week in greenbacks, worth at present quotations €14 in gold, would be paid 14 In gold if resumption wero catab- lished. 1o will take $14 in gold now in lion of the %16 in currency if it is offered to hiw. Mr., Iticinoxnp's nssertion is simply absurd, that as many dollars in gold will be given for auy servico na aro paid in deprecisted paper worth only 36 cents to tho dollar, Tho secoud st of premises and conelu- slong may be moreshortly disposed of, There is no such thing as n ‘‘debtor clasa" or “eroditor clays " distinct from cach other, Men of overy prsuit owo or are owed. ‘This relation changes from day to day. An ofton a3 a man gots some of his neighbor's property in his hiands for which Jie has not givon an equivalent, he is a debtor. When- over ho loans nny of his property or services to another, Lo is a croditor, Everybody s do- ing both,—borrowing and losning, buying or selling on eredit, performing work and wait- ing for pny. But thoro is no distinction of cithor dobtors or croditors, and thero are as many creditorsamong farmera as of any other trade or calling. Debta incurred now ean bo paid in the eur- reucy in which +thoy are contracted, When our curreucy becomes equal to gold and sil- ver, the men who pay 100 cents, instead of B3 to 86 cents, on the dollar, will have re- coived the worth of 100 conts for eovery dollar, and will thorefore be giving back just what they got. But the fact of our having an unvarying currency will take the main cloment of uncertainty out of business, and Bo restore confidence. Capitalists now lock up their money through fear, and it lies idle inatead of being used productively. They will tben oither use it in productivo enter- prises themselves or losn it to othors who will so use it. This will insure the employ- ment of more Iabor and tha consumption of more food, clothing, ete. The wages of labor nud the profits of agricnlture aro never as high as whon goneral Lusiness is in a rate stocks, which will be withdrawn, This exclirnge of keenrities gives the stockhollera their income perpetunlly, or their capital, if they chnoso to el their atocks, and seems to Un & fair proceeding on the part of the Gov- ernment. 'The American people are visibly chnfed Ly the corporate collars they have {0 woar, of which the railroad coliar is the henv- iest and roughest. They aro looking for some means of relief, The deepening intorest in nll phases of the railrond quostion shows tho drift of public thought. The problem is still, confessedly, unsolved. 'Thoreis no con- siderable party organized for any policy. The few and inharmonjous lawa that have been cuncted to ‘‘regulato™ railronda havo been crundo and oxperimental. ‘Their only significanco was the senfiment behind them. The Dartmouth College decision is very vonorable, but the public mind is a little confused nbout the validity of *‘vested rights™ obtained by purclinse in the Legis- latures. Thero is an unploasant senso in the public mind that thoy ara being robbed, with hnedly more velvet over the thievish claws than when the British nobility stolo the land from the ycomnury. Tho people's sover- eignty gives the railronds heir corpordte ex- intenco, their lands secure their bonds in mnuy instancos, their taxos pay the interost on their debts, and their industry supplies the dividends. With all this, the railroad nover recognizen the publicas n body but when it is in senrch of n new concession; in all its other operntions, the public is o dis- connected sncceasion of individual victims, The Frenchman must make a revolution to redress his wrongs. The American nced only make up his mind ; and this he is doing, Little impression has been made by the ecx- periments so far, in State regulation, ss far a3 wo can judge the feeling of the people, Thero ia n mennu of coping with tho railrond that has had only the slightest consideration, 1t is the counter organization of citizens and custowers. Premonitions of such a move- ment appear in the mecting, day before yes. tenlay, of New York merchants, and some. thing similar orops out in the street-talk in Chicago whenever the railronds make a now rnd oppressivo combination to raiso rates. This wonld be o uovel development | henlthy condition. It is in that condilion of the right of nssociction, To array | only when tho iustrument that cffects ita ex- the Association agninst the Corporation | changeu is gold. would be to rvonssert 1m modern array the right of private war that woent out with the Middlo Ages. The English Corn- Law Leaguo of tho last generation nnd the American and English trades.unions of the present day aro instnnces of the enormous power of unoflicial organization. But, if the peoplo turn from overcharging the State with functions, and are averso to add new ele- meuts to the conflict of forces within the State, thoy have left recourse to the courts. ‘Tho genius of the Auglo-Saxon looks with especinl favor on the arbitrauent of the law. As many grent abuses hove been repealed by {he legislation of the courts ns by the stat- utes of the Legislature, It was the courts that established the principle that tho slave whose foot tonched British soil should be- come free. Tho courts never fail to Lond to public opinion. Wheu publie opin- ion is divided, the courts differ. In Obio, a railroad company is not responsible for the fraud or negligence of its agent in fill- ing out a bill of lading; in other States, tho low is difflerent. The Dartmouth Col- lego decision stands on one side; on the other, s decision vendered by the United States District Court in Indiana that the State moy rovoke a right of cwincat dotoain gronted to a raiirond. This wmay be the fisst of a formidable scries. It may be the State, it moy be the association, it moy be tho courts, that will be choson as tho wmoans of defonwe and roimn- bursemont by tho peoplo. Whichever it is, it will be made to do its work, 'The wealthieat corporation will stand bofore the law with no ore rights thon tha humblest citizen ; and there will be an end to the scandal of great fortunes occumulnted by railway-mnsgnates, who escape arrest bocauso they steal by law. CAN THE LEOPARD CHARGE HIS 8POTS® Some very remarkablo news comes from Washington by way of New York, to the effect that the Damocrats are very gencrally indorsing the President's suggestion for the gubmission of a constitutional awendment to the States prohibiting the support of rectarian schools out of public moneys, and that, at n meeting of the Democratic Associn- tion of tho District of Columbia Inst Friday night, resolutions were adopted to the follow- ing effect ¢ That tho fres-school aystora af tha United States fa the brightest atar in tho golixy of tho Revitllc; and thaton fts maintenancy and per-ewufty dorend the present and future of the Amoari-an pesple; that tha Demo-ratte party slways his, and at all times here- after will, resist any and all sttompta looking to s divis- fan of tho public:szhadl fuad, nn matter for what purpose; thut the Democratlc party lins been, Ju now, and always will be, In favur of freo schools, fron preas, freo speech, froo trade, and gold snd allver as tho only conatilutionsl money of the nation, paper mouey beln tho illemtinate offs pring of the Ropub- Ucan party. Furthermore, and emphasizing the nbove generalities, the Associstion adopted the following declaration of dotail : No Htato shall rake any law respecting an eatahlish- mont of suy rellglon or proliluftiug the frea ezer-iuo thiereof, and no moncy rained by taxstfon for the mupe port of publi: wchools, or derived from auy publia fund therefor, shall over Lo under the control of any rellglons ss-t, nor aball any money 0 ralsed ever bo divuded botweon religious sects or denomtnations, If tho Democrats are sincore in this enun- ciation of principles, they for once have dons a very wise and sensible thing ; but we have no faith that they are, or that these rosolu- tions will ever travel furtber than the Lonn. daries of the District, for the following rea- sons ; 1. The news belongs to that clasa which is “ too good to bo true.” 2. The support of sich an amend. ka'mm FOR FARMERS ment by the Protestant wing of tho Wo published in our Suturdsy issua o | Democrstic party would give offense to the Oatholic wing, whick in the whols country numbers nt least one-third of the party, sud in large cities, like Chicago, for ingtance, constitutes three-fourths of it. Un- less, therofors, the Roman Catholics are pro. pared to adopt the amendment, the Demo- cratic party will not imporil its union and its very existenco by favoring it. If the Roman Catholics, howover, do favor such au amend. ment, it s a very hopeful sign, and an indi- cation that this much vexed aud troublesome question in at 1ast approaching its permanent settlement. 3. The resolutions passed by ths Demo- cratie Associntion in the Diatrict of Colum. bia touching freo schools, free press, free epecch, and conatitutional money, do not re. cito facts, It is only in the South that freo schools, presses, and speech have boon affoct- ed. In tho South, the Democratic party nover favored either of theso three; on the other hond, stondily opposed them. The Houthern Democrats have never been friendly to freo mchools and probably never will, for tho reason that thoy daro not educate the negroes for fear that they may loso their power over them. ‘The South never hed free speech, or & froe press, or free schools until the Ropublicans establishod thom. The Dem- ocrats are nut now in favor, ara party, of gold and silver as the constitutional money. Four. fifthy of the orazy wild-cat inflationists of the country are Democrats, Tho vast majority of the Republican party is the advocnte of constitutional money, Aa to *“froa trade,” sre shall wait bofore expressing an opinion, but it is an ominous fact that Raxvaur, au inflation{st and protectionist, recoived 03 Domocratio votes for Bpeakor of the Houso, lougtby letter from Mr, Tioumas Ricnstosp, of this.city, rotailing an imaginary conver- #ation with & * farmer,” in which ho sadly misleads the rustic hearer, The argument, or rather the attempt at argument, may bo condensed into four premises and two conclusions therofrom : A furm that ean be sold for :38,000in green- backs will bring only $7,000 in gold; A quantity of wheat worth 114} in green- backs is worth only $100 in gold; Therefore * farmers™ can got more (?) for what they own if the grecobacks are kept afont forever at a discount., The farmers form the **debtor class ;" Capitalists and solaried owployes form the “ ereditor class,” says Mr. Rionvoxn, Thereforo it is tho interest of the lattor to resumo specio psyments and of the former to continue a fluctualing irrodosmable currency, because— . A gold-standard will add ope dollar in elght to all salsriea sud all thelr cluins, and in purcbasiug power 10 buy your whest and butter,—thus making them 80 much Heher. Now let uapoint out the fallacy which lurks in the argument,—fallacy of fact and looseness of logic. Why i the farm worth §8,000 in paper and only 87,000 in gold ; tho wheat worth §1144 in paper and only %100 in gold? Bimply becauso the purchasing poswer of the two sums in the supposed cuse —tho greenbacks aud tho gold—is in each caso precisely the same. Things which are equal to the samno thing are equal to each otber, It is not the number of pieces of curronoy given for a thing that makos a price high or low. If it wers, the farmer who got 8,000 dollar bills for his farm would be far rxicher than ko who got eight For 2 ¥ ¢ thesa and other roasons we put little bills of $1,000 each, This absurdity is palpable, 'Tho only toat of high prices is credence in the statement that the Democrats will indorse tha President's suggestion on the school question. Wo hope it is true, for it is a wigo and eansible courss for the De. mocravy to adopt ; but, as things stand at present, tho outlook for wuch & result is wot encouraging, tho purchasing power of the thing given. Now, %8 in our paper currency iy worth, ac- cording to Mr, Ricasovp, 87 in the world's gold cusrenoy, If two farmers, therefore, sell their land, and one gets §8,000 in green- backs and the other %7,000 in gold, the ralue roceived is oxactly tho same. Neithor gots a oent woro or & cent leas than the other. The §8,000 of greonbaoks are exchangeable for the $7,000 of gold and the gold for the green- backa (unless the latter tluotuates and loses value before tho holder of it can got it out of his bands or exchanged into gold). Itisa matter of perfoct indifference, then, whether Mr. Ricuuonn's friend gets 8,000 in papor or §7,000 m gold for his farm or $114} in depreciated papor or $100 in gold for his wheat; for in either event he can buy just as much of any kind of goods or property with the prica he has recoived for his products, Tho first conclusion in tho lottér thereforo falls flat. The reenwmption of specie payments woald not chango tho real price of asinglo counnodity, except to tho extont that goods aro made dearerin green. backs by reason of the unoertaln value of the ewrsagy, ceussd by ils dally Bustuasioas, The New York World, iu its eageruess to belittle the offort and determination of the President to forret out and crash the Whiaky Rieg in 8t. Louls, charges that Hxxpxnsox hus been removed from the prosecution be- cause of Lia ¢ torrible persistoncy” in con. victing Jovce, McDoxarp, and Aveny, snd declaring on tho last trial that ho woukd es. tablish the guilt of Bancoox, and adds: “His eucoessor will undervtand that an acquittal is what {8 required, and will act accordingly.” The charge of the World is ono of the 1inemnest Instances of partisanship and ouoc of the most inton. tioually willful miscoustructions of which that paper has ever been guilty, Mr. Hex. pcnsoN was dismissed for good cause, He was oppointed by the President upon the recommnendatior. of the Baecretary of ths Treasury aud the Athorney.Gensral, although th Presidest kiew thas Le wes appoiniing his bitter enemy, and ho wan removed upon their recommendation. Tho Presidettt hns shown himecll to be parely impartial in the case by appointing tue lon. Jauzs O. Broapnean in his place, who is even more determined in his politieal oppovition ta the Presidont than Hesprnsox, having always been n Democrat, while Mr. HeENDERSON wWas until quite rocently o Repnublican. In view of Mr. Broapueap’s appointment, does the World atill repent its malicious statemont— * Hin successor will understand that oan ac- yuital is what is required, and will act accord- ingly " ? Our Washington advices go to show that the Nlinoin delegution was the means of keep- ing the Indinna delegation from committing the Democratic party in cancus to the policy of repealing the resumption act, nbolishing tha national currency, and substituting the greonbackas therefor. This is what the Indi- ana Domocratio Congressmen, except two of them, desired to insist upon as the condition npon which they would ngres to support Kenn for Speaker. But the Illinois delegn- tion rejected the proposal, and told the Indi- aua men that they could elect Kenn withont the help of his own State, if necersary. This little circumstanco shows that the Illinois delegation, without regard to any indi- vidual sentiments on the currency, represonts o Stato in which thero in no important intlation constituency 3 aund that Indisua, notwithstanding the locat snccess conquered by Exnn and HowauN in spito of their hard-money principles, has been generally infected with tho rag-baby fallacies. The value of the incident wo have mentioned is found in the fact that it foro- shadows tho conflict which cannot long be suppressed i Congress ovoer the currency question, and the indication that the Illinois delegstion properly estimates the public sen- timent of this State and will stand by it. ‘We hopo that wo are not deceived in this in- dicatiou, sud the suceess of the low-tariff and hard.money Democrats in tho election of Kenn should encourngo the Illinols members to stand firmly by their constituents in this matter, Inorder to restoro the former rates of postage upon transient newspapers, and to correct tho blunders made by Alesars, Ra. srY, Havery, and others, in increasing them, the Postmaster-Genoral has sont to Congress a bill to amend the law as it now stands, pro- viding~ *That on and after tha 1st day of June, 1876, postago shall be charged, on pamphlets, transient newspapers, periodi- enls, magazines, handbills, posters, ansealed circulars and prospectuses, proof of sheets, nnd corrected proof-sheets, at the rate of 1 cent for each 2 ounces or fraction there- of, and the postage on all other mailabde matter of this third.class shall be and To- main as now provided by law.” 'The ameoed- menl is o very important one, and ought to be passed at once, rather thon bo comypelled to tako the usual long and tedious commyitteo referonces and reports. It is aund has been an outrage upon the public that people buy- ing or sending awsy newspapers shovild be compelled to pay ns much for the podinge as tho cost of the paper, and it should be re. moved at once, It is snother argument in favor of this mensure that the Postmaster- General himself has stated his opicion it will not incrcpse the deficit, since nrore matter will be carried at the reduced rates, thus leeping the rovenues fully as Yarge aa they now are, if not actually increns/.ng thom. Tho Milwaukes FEocning WHaconmn grows quite oracular over tho whisky-'frauds in Chica~ go, and tectures Tux TAnUAR "and other papers in this citv for Dot giving proper attention to them, cherging thom with, bemg afraid “to grapplo with tho hydra-boaded monstor,” and indicating that it bas fricla in ite pornession, derived from revonue agonlfy, to sbow that the Clieago Whisky Riag ‘nss dofrauded the Gov- ernment ont of 83,000003 per apnum, If tho Wisconsin hLas any soch facta, why dosa it not Ypoblsh them? If 4 knows any moro than It has pecu in Tng Cnzcaae Tnmuxe, why does-it keep it to itself 7 1t hasyio rizht to make aswer- tious, {f it really knowae anything, sod thon sup- press the facts, Its presont action looks very much 88 {f it wore trving to apclogize for and belittlo tho shaareful facts concerning the Mil- waukeo Ring, which it was couvenient for it not to koow wutil Tur Tumung printed tlhem. It you know anvthing atout the Chicago Ring, spoak it rig'at out; if you dou't, say #o, and koep atill ——e e A spocidl dispateh from Washington to the Cincinnati Enquirer—~ray-baby organ—asye : Tho Lssud-woney Dotnocruls seom to have tuvlr own woy in tho Bonite ad well us in the Houso, Tu begln with, the itep iblicons rofused to glve tho Democrats {heir ue rapreventation on tbe Financs Committen, and then the Democrats compdoted the wrirage Ly giv- Jnng ths t90 places ullotted thout to BATAnD, snd Kin- NaX, of Now York, both extretns bullionfatr, This ac- tion isaoverely characterized Ly tho Western Demo- crutio Bunators of the greenbacksickiool, who fiud then- selvon o powerlesy minarits in the Dumocratio caneus, £0d deased all volee Ln e alsping of duancia legisls> oz, This ia & bad begloning for the **grecnback- grasshoppor " campaign noxt year. It looks a4 it the anclent Wirziax Arrxx had **uat down™ permogently, — A, correspondont of tho New York Graphio lalwors nnder the appslling conviction that Boss Twesp was kiduapped, and has gone to join Usanrxs Noss, —_— PERSONAL, Amasa Walker lefc 85,000 worth of personal property and 37,000 real catate. ‘Tue Now York Tridune seys that, it theraiss third term, Bishop Havea should ba mads & Oar- dion), Ex-Beoator Nyo bas beon removed from the Torane Asylum, and lopes are entertained of iy complete restoration w health. The Phltadelphia Times Buggeatively heads & dispaten coucorning Pinchbacu's potition fors in Congross, **\Who's dst Knoeking atde Do'2” Matthew Amold's new book, * God and the BI- ble,” has made its sppearsnce ln London, and forms a staple aubject for dixcussion in wemi-zo- ligious clrcloa Mr. Honry James, Jr., who hsa gooo abrosd for an indefinite poriod, has bsen engaged by the New Yorx Tribuneto write lotters from Paris and oiber points on the Coutinent. Willlsm T. Astor's father-n-law was Maj. John Armatrong, the msn who wrote the New- burg letters urging Washingtoo to make him- salf Kiug st the close of the Ravolution, Bosa Bhepherd onoe said he wouid thrash Mu- 1at Halstoad ot sight. Ho when Halsterd was in Washiugton recently, oa » viuit, the Doass fre- quonted back-sllosa to avold mesting bim. tenator Dawea {8 still suffering from the in- jusies sustaingd by the kick of & horse seversl wooks 8g0. i feared that he may be malmed for life. At presous he is in Washington ab- tending to his duties, Rossi, the Italian iragedisn now scting in Paris, gave asa reason for bresking his Amer- ican coatract with Mr, Grau the dalioste health of hix sou. The son haw since died in Raly. Mr. Rossi tewporarily suspsaded bis repre- sentatious fo Parls. Mr, 0. C. Walte, formerly of the Bhermaan Houve, of thls city, latterly ot the Brevoort Houss, New York, bas purobased mn intereat in the Windsor Hotel of ihe latier aly, and from tho 1st of Janmary will be sasosiated with e s s — —— oy present propriotors. Mr, Waite will rotain his in. toreat in the Rrevoort Flouse, which will be un. dor tho cars of him son, O. I, Waits, white the Windsor firm will go by the name of Hawk, White & Woatherby. Mins Adolnidds Nefleon, the besutifil ang troacharons ropreaentative of Julie! and Rosa- lind, in to make lier roapposrance st the Hag. mackot Thoatre, London, Jau, 10, 1876, Bhe will acy Anne Boleyn, ln Tom Taylor's play uf that nawe, It in agnin asnortod by a London correspondony that Col. Baker, now in jail for indooont asaault, will enter the Nuasian service at the expiration of his tarm of imprisonment. Thoe Emperor haa already signified to the Colonol that hecan haye & puitablo position. Mr. Prontice Mulfard, oncs editor of the Orur lant Monthly, avd ope of tho capable literaty mon whom Calitornia has given to the Fast, is dolivaring in New York a series of 10-cent Sun. day oveniug leotures on topics drawn from Lip observationa abroad. Dr. Yon Bulow, likn Mr. Theodore Thomaa, was obliged to imtovrupt hie first concert in \Washington, and publicly rebuke tha noisy andi. ence. Tho worat offoudars in the notoriousiy onmannerly audionr.es of Washinglon sra smid to ba tho younger moembors of the diplomatie corp, A man io Halifux bas baon bending Lis grest mind to the congidarstion of s quoation ju ety mology. 1Io wants & word to signify telogram sont by eable, At yot hie has not bean able to decido whether ooeanogram, thiolossogram, pon. togram. or balograin in preforablo. Tho termina. tlon O'Gram, it is understood, is derived from the Irieh calate on whioh the first Atlantlo cabls ats Iandod, An interestiog bool is soon to bo published fn Engiand by Mr. Willism Tegg, under the title of “Willa of Their Own.” It will be & collection of accontrio wills, sud of the resultsof the vagaries of testators. Among the curious be- questa enumorated is that of 20 sbillings s year left by John Rudgo to pay & man to go about the parish chureh of Trywoll, in Staffordshire, and keop dogs out of thes chiurch. 1t ia polisved in Now York ths Ar. Bescher's frieuds will entor & nolle proa, in the Loeder cago, Binco no progross has bosn mado in it, and tho couniol fbr the defonso wre unablo to as count for thesdolay. An enemy of Mr, Baochor hag writton to the governing body of Plymouth Church, sug;gesting that the nama of Mrs, Til- tou bo dropped from the rolt of memharalilp, Hhe laas ourtainly 1ald horsalf upen to discipline, whikover of ber two storiea is trae; and ity regurded as onjust digcrimination thet M, Moaltan should bo drooped morely for no: teudauce, while Mrs. Ttdton is lisole to censura 1ck tlro samo cause. ———— POLITICAL NOTE3. . Now Jeraoy is pledgzoed to Blaine, watermelans and oll, But thoro ia to bo no butterod wator- melon.—Cincinna#t Commercial. Gov. Taldon Las not yot dono anything toward tho arrost aud punishmont of the man wlo are reeponsible for Tweod's escape. Tho kind of lightning be usos for striking crimins!s is of the kind that moves verv alowly,—s0 slow as not to ba porceptible,.—Piltsburg Commercial, Apropos the proposod subsidy for the Canten- nisl, tho Buffalo Courter sava : Every cousidoration at ouce of sconomy and af een nomicai principlo arrays itself agsinst the proposed re: sort, . . , OnrContennial Exposition must show whatafres “peoplo cau do on thelr own motion snd through agoncics orginating in tuomsalves, Uther- wise, oo matier how much graund it _covers, and how ‘muck: glass aud frou it pilos up, it will ba a falure. As ex-Senator Carponter has boen threatening Tug Cutcaao Tusnuxe and othor papera with iibel suits, 1t would dsom that tno Mitwaukes Times, of Dec. 7, ongbt to furn'sh him material for a dozon actions. That paper says very un- plonsant things abont tho ex-Senafor. Dy tho wav, it 18 odd that 3r, Carpenter, who now weemy 50 much iuotined to defond his_character 1 tho courts, uevor brought the Now York Trib- ttng to rcconnt for that old story sbost hig golugs-on at Long Branch.— Washinglon Star. Touching the ramared attempta at reoryaniza. tion of the fndopondent newspsper syndicato, tho Philadelplua Press aptly remarks : 1f wo remomber aright the syndicate of 187 {avested tholr all {n Horacs Greeley aud loat it the people res Lustog o Luy their bonda, When will ihe indepondent reribes learn that journslism {s something higher, mota raspoctable, aind substamtisl than polftics, su that It in the business of theeditor to odft his paper, and not 1o plot with mendicmat poliiicians wito caru & recerioua iveiliood by clieating eaols other L or out of otfico? As to the Contenoial Exposition subsidy project, tha Utlea (N, Y.) Herald eaya : The anbaldy to tue Centennial Exposition etands upon precively the sume fooling as suvaldies to rall- Tunds and tecmalip4, 1t ia for the glory of the flagy for aceclerating natlonal progreas? for mecuring uaterfal beaefita and sxtanding trade, The manage tent {n persoual and local, aud It expects retarns more or less wislels 1t48 to control. Congress ta saked fo fur- nfsh capital, while the profits will go o reimburss otlier tapital investad aud to construct bulldings 10 remain for tho benesit of Shlladoiplas, Tho Loulsville Courier-Journal, which Lma been pondering 1he subjuot, eays the matter of tho Graugors is that they ** wani imtelligent leaderslup, 'T'hey nsed soma sensibla and cloar- wighted minds to direct their energics and cone coutrato thoir efforts against the ovil that op- tronsos them. As long wy thorr orgamzalion atxnda and clamors abont abuses without taking hold of them, 1t will appear tothe world simply a8 an organization of simplotous, led by dema- rogued, Its ouorgy and powor will ba wasted in fighting shadows. It will disgust sensiblo peo- ;J‘& sud 1t will foally dissopesr into thio air, nud bo rememberad only ux tho tamporary ebul tion of & duped, opprosscd, univstructed, and migled mob," 3r. Bogy's bitl would substitate logal-tenders for wpeule in the vaymeut of oustoms. ‘This wauld permit tho export of the amount now oo« nualiy paid for datios, snd would ovnsaguontly allow the etock of spocie trold fu this country to be furthor reduced. Wero it poseible to supnle- ment this abstird measure by snother substitute ing currencv for gold (n ¥he payment of intereet on'the publio dobt, thora would bo no furiher use for appeto, and it would disappear from our miarts of trado, The thing needed 1a to have the demand incroasod fistead of decreased, 80 that larger quantives wlll bo vetained to meat tho logitiwoate requirements of business.—Duf Jalo Commercial Adverliser, The Augusts (Gs.) Chronicle and Sentinel b thrown {uto » dreadful frame of miod by the pasyage in the meanage on oducation, and #ays: Tha views of Gen. Grant will Ond more favor aniong « moh of Heavenrdetyiug infidels than will the God« fosrlug foopie of a Chriutlan land, If his wishes ahould ba carried out, God and tha precepts of re- ligion would tind no pluce in the public schools of ke country. It would be against the lawto opes the excrchies of & wohool with au fnyocation to the M Higl lo cousecrate s Labors of tho day, apd religion would ba banishied to plasse athiisin and materisling. 1f such sn unhallowed doalgy ehould sver b sccoms plishod, we sy bid a long farewelt to pesce, to prose perity, and to frredoin, The curee of Leaven woud descend upon & wicked and lmydous poople, and blsit el every undertaring, How tho schiool queation was brought late politics 1u told by the Cleveland Herald : The school question was proclptiatad lnto A)fllmr“ll the eager und implacablo foes of the American ovae moneschool eystem, Thoso who demsnd denomius tHoual schiuola—we will not sey tiose who are opposed my popular education—have for the pust two of and down the country, the Peter the Herwlt of “"5 new crusado, telling the people tf iz faith to mnu Lugetber, uske themaelvea » polilcal power, aud ol thelr {nfiuence ta that political party which will polo- ply with thelr demand for sectarisn uiumflux:h ’lh: ress of that Church almultancously broke out all ove! d o cuuniry with denunciations of the common-ahot syeton, aod advice Lo Iode they professed Lo toach A1 lsad that thoy give thetr support to the poiitical yarty mout likely t0 yield to thuir ** just demonds ™ for weis risn educstion. It was thus iho school question wa thrown toto politics. Fonator Morton's home organ, the Indianspo- lis Journal, iu all tore up in it mind at the lN; ommendation of Bacratary Liristow for sopeal 0 the legal-tender aos aftor Jau. 1, lil’ll'lI :1 -lz:; poal thedn scta aud potutug would be s LendE for sl dabts and Eunirests thads aftar tast Uine but gold. Tha Lanks would dsmand gold ou alt oS and drafts, croditors would demand q‘?u of lhb‘_ debtors, overybody would dewand gold, simply cause gUId would be worl: e good doal’ more thad greeubucks, and pooody would be compelled by W% tako the Lfter, Tue rwwult of this would De tbi} greentacks would Locome practlcally wozthices clroulstiug purpoves, and would bacome 80 unoST snd fuctuabiug 1 aluo a8 to unsoitia ell tha tous: tous of busloous. ‘Tbo bauks, belig futced {0 sssUEY » #pacie basls, would call fu ihelr outstanding Joshs sepel b gl sl I (2 Susianilr ) Grovabacks, deprivad of tholr maiu stay, would dv- e i e ae e oY, ocumatsncaa, 11078 at swordu-polots, and the vasy Seuudetiond of buchissd would ba brokex up,