Chicago Daily Tribune Newspaper, December 24, 1875, Page 6

THE CHICAGO TRIBUNE: RIDAY, DECEMBER 24, 1875 TERMS OF THE TRIBUNE. TION (FATARIE 1N ADVANCR), renald ot this Oflice. . 813.00 PATER OF #ETR Iestnre Dty Fdition, poat. Parts ¢ Mrilrd ta any address FO Fi 1.00 Buwetny Feirion. Litoiary nod Ona copy Club ot fre, pe Club of tweny. Tha potage Specimen copl To pravent delay and mistakes, te murs and gise Poat-Offce addross In full, incinding Statoand Connty, Remittancen may be nade either hy draft, express, Foat-Oflico order, of In regintered leiters, at our risk, TERNS TO CITY AUDCUIBENRY, - Datly, delivered, Bunday excaptzd, 23 conts per week, Draly, delivered, Sundsy fucluded, 30 conta per weck, Aduress TIE TRIBONE COMPANY, Cortier Medieon and Dearborn-ata., Chicago, Itk T e, per AMUSEMENTS. ACADEMY OF MUSIC—Halsted rireet, betwoen Madisou and Mooroe, * Tte Two Orphans,” ADELPHI THEATRE—Dearborn sirest, cornor Monroe. " Forly Tufeves,” TOOLEY'S THEATRE—Landolph strest, belwesn Clark aud laSalle, Califurnis Minstrels, NEW CHICAGO THEATRE— Randolyl aud Lake, Kclly & Lt itk atrset, betwesn s Minatrels, McVICRER'B THEATRE~\Madison ntrret, belwean Dearborn aud 8-ate. Eugagement of Bsker snd Fur- son, * Uelurich and Hetije,” WOOI'S MUSEUM-—Mouroe street, berween Deare bhorn and Stite. Arteruoon, ** Red Liding-Hood,” Eveniug, * Juck Markaway's Adveutures,” "SOCIETY MFETINGS. THOMAS J. TURNER ODGE No, 409, AL F. & A, M.—All membiern are hereby nollfied fo attend the fu- ueral of Bro, Alezander MrDonald, at 223 Sou'h Ureen strevt, at i, ., Friday, Dee, 24, 1873, and carart the 3., train, Mol ers of +ia- 1 15 meot with wi, The Lodys wUll Le furm.d at the hows, JOIIN E. PETTIDONE, Secrelary, TASHINGTON CITAPTER, Yo, 4%, R, A, elal Couveoation this (I Sronin L ), for work on the M. M, Dsgree, Viriting Companions cor Aully fuvited. By orler of the *f, 1%, Che Chieago Tribune, Friday Mormng, Decomber 24, 1875, Spes Greenbacks nat tho New York Exclhiange featerday opened at $84 and closed at 8§83, The man who is supposed to know predicts colder weather and northwest winds for this \atitude to-dsy. The Fronch Assembly yosterday ndopted in amendment to the Electoral Districty bil apportioning one Neputy to each 100,000 in- habitants in the Cities of Paris and Lyons, {nstead of electing by arrondissements, as in (hie rest of France, Bovoral weeks pgo it was reported from Wow York that ngents of the Spanish Gov. ernment in that city were engaged in recruit. ing for the avmy in Cuba among the indigent Italians, who were lured Ly promises of Jarge bouatics and tracts of land. Information to this effect hus just been filed in the State Department at Washington, aud an examing- tion is to be mado into the nlleged violition of tle noutrality Iaws, It seerus to ben scttled fuct that cortain feading Daiaocrats are nuhappy for lack of a. daily newspaper orgau, aud are now engaged in nn effort to raise the mouey necessary to indulge in that iuxury. It is hoped to enlist QGov. TILpeN in the project as nn auxiliary to big designe upon the nomiuntion for the Presidency, and upon the success of this effort to cajolo Eastern capital will depend the fate of tho movement for an organ and the kind of orgnn secured. Varions lhumble instroments in the loeal journalistic band would like to be plnyed upon by fingers lined with lognl-tenders, alboit tho same were Domocratic digits, and an animnted sonson may ba looked for between the would-be pur- chagers and the would-ba purchased. Complaints continue to pour in from people groaning under tho personnl-tax out- wmge. The sufferers are just now keenly dlive to the situntion, becnuse just now the taz-collector ig keenly alive with his demands for payment; and yet, when, a little more than throe months henco, occurs tho snuunl scramble of tho tax-robbers, other- wise known na tho Town election, tho aame people who wail so pitifully to-day will quietly stay away from the polls and permit the thieving bummers to do all the voting and to stull all tho ballot boxes without et or bindrance. This is tho way it bas worked beretofore ; the tax-payers take an interest in Town matters at tho wrong scason of the sear. —— ‘The Methodist Court of Appeals has finish- ed its strictly.gecret gessions at Springfield, 1L, after adjudicating npon threo important appeals from the findings of Confuronces, In tho case of tho Rev. Wonkaa, whiosa ro- ations with Mrs. 1£paes led to her murder, the judgment of expulsion was afffrmed, Another clericnl brotlier was more fortunate. The Rev. St. Cran, of Des Moinos Confor- ence, was charged with having employed Chicogo Devil-Fish tactics—stnfling the bal- lot-box at an ecclesinstical olection. In Lis cnse, tho judgment of suspension for oune year passed by tho Conferonce was reversed, Tho Rev. Conp, of Indiana, expellod for fm- proper conduct towsrd fomale members of bis churel,, was told by the Court of Appenls to step down and out, b e g Many citizons of Loulsvillo entered into woguery on tho result of the recent election in tbat city, ‘Fhese bota were various in their character, in some of which money consid. eration to a smallor or lnrger anount ontered, and in others the loser bound himsolf to per- form menial Inbor of sonie sort on some pub. lio thoroughfare, The former class are in vory hot water, many of them being indicted under the local law, which provides that purties to eloction wagers shall, i con. victad, be heavily flucd, and the monoy ot stoko be * confiseate Lo the State, Tho men who, by the terms of their ngrecment, Lave had to wheol the victor sround the Wlock, or saw a cord of wood In the public wquary, have only Lad a bit of healthy cxer. cine, and excited a jolly langh at their ex- punse, but the ore unfortunato chaps who sought to turn a peany by their proplotio wisdom have probubly turned that penny inlo the coifers of the Stats, and way now laugh out of the wrong side of the mouth, The Ohicago produce markets wero gen. erally ensivr yeslerday, tho chief exception being corn. Mona pork waa active and 10c per brl lower, closing ut $19.05 cash and §18.52} @13.35 for February, Lard was less active and 2j¢ per 100 1ba lower, closiug at $12,17} @12.20 cash oud $12.37)@12.40- for Fob. ruary, Moats were quivt and easler at T@Tio for boyed slouldurs, 1040 for do short ribs, and 10j0 for do sLort uluam, Mighwines were quiet and stendy, at £1.10 per gallon. Flour was dull and easier. ‘Whent was less active, and je lower, c'osing at 9G cash and 06Glo for January, Corn was more netive, and }@ ¢ higher, olosing at 47}¢ for December nnd 43}e for January. Oals were quiet and steady, closing at 29jc cash and 30)c for January. Rve was quict at 8@ 68Je. Barley wns active and 1G@2e lower, cloging at 83c eash and 81ic for Jannary. Hogs wero dull aud unchanged, Sales at £6.40@0.90. Cattle wore in fair demand and ruled firmor. The sheep markot was dull and lower—quoted at U, One hundred dollars in gold wounld buy $112.87} in greenbncks ab the close, — The full text of tho lctter of Archinshep Woow, of Philadelphia, is given elsewhere, decreeing the excommunication of all mem- bers of the organization of Molly Maguires, otherwiso the Aucient O:der of Hiberninns, otherwise the Buckshots. This lotter wns read last Sunday by Father O'Coxxon to his flock at Mahanoy Tlane, in tho anthracite rogion, and the worthy priost took occasion fo deliver a vigorous nnd pointed ndmoni:ion on his own account, He tolil some plain and unplensant truths concerning the lion's share which Irishmen have in the aggregate of crime in America, and worned his hesrors against showing any sympathy for the secret society of the Mollics or any of its members, It i believed that the Archbishop's letier will bo productive of great good in removing from the crime-stnined wretches the mympa- thy and countenance they have relied upon Leretofore to prevent the successful trial and | conviction of metbers of their murderous | league, . Jorck, erooked, doomed for a certain time, having prayed for Presidential pardon, and having experienced the ineflicacy of snch imploration, now puts on the heavy signifie eaut, aud prediets tho immediate scorching of the Whito Iouso with the red-lot fire of alcoholic obloquy. In the minds' eyes of the sibilant sibyls of St. Louis the homely and unfortunato old fabric of Executive residenco has heretofors generally been seized some- where in the roof and shalen from kitchen to gorret, and this refresbing change in the dctails of the phenomena of prophesied admivistrative perdition s gratefnlly noted. The chauces of Jovex's fizzle ns ascor, however, are equal to the probability of a plennry satisfaction of his sentenca ; therefore ho should abanlon the vaticination raciet and no longor shower ! down barbaric pearls befora the popular swine. In the case of & man who can rip with Fonirsoes and eant with Cantharides in the dazzling fashion of his famous Jelferson City speech, even o momontnry distraction of at. tention froin his fortheoming volume iy brooked with ill.concealed impatience by ox- pectant willions. PENDLETON IGNORED IN OHID, The Cincinnati Laguirer, the Domoeratic organ of the Stato of Ohbio, and the leading one of the inflation party, notices and deo- nounces the speeches of Mr. Gronok 1, Pry. | nLETOY, the father of the Rag-Baby party. Pexpreroy is at present making speeches for tho Presidency in the Southern States. Ieras | is what the Enquirer says of him: Tho Atlants (Gi) If-rald says thot Gromor R. PENDLETON #ald that *Nina-teaths of tho porlo of Ulifo want to sco nroturn toa spozia basia, b it tuey want to 8o the reiurn gradial and natural.” Wo can | bardly beliove that Mr, PENDLE(ON sald that, If he did, bo was ml-t.ken. Tha pea;lo of Ollo have now a better currencs without e Lagh (Lo they evar bad with (¢ (), The spacle buale e & fraud, It wou alwuya 4 fraid, Nono know this better than Mr, | PenpreioN, 7lore ia no anch thing as & money luals, Money 13 monyy. If ft s moaoy ft winta niothing behind it fo rodoam §t, If it fs not mones, it , should unt be allowed to cir-utito. Groenbacks ara & Jegal-taner for sl dubts and sll taxes save Custom- Jouse duties, The d c'iue or tho incromo iu tho | caiue of gold dseantt affect domestio prices—daosnt sffect tho valuy of a greenback at all. Whenm Mr, . PENDLETON are ku ol a platfarm rocoguiclog tha e i turn to a Axed specie basia, which wo had betors ths War, and which was roltcuneas personlfied (Tho Oblo * redbacke,” from 1315 untll 1961, ‘vera always at par withs golil.~Ep.} ho m1y bave given utterance to his own viswa, but cestalnly not to thoss of tho Domoc— racy of Obfo and the West. Thoy wint no basly for money oxcept that of tho Government of tho United Blates, Gold {ntriusically ia worth nuthing, The Government stamp upon paper, loither, or anythlog elae, L4 just ax good. ‘We place this on record as the declaration of policy on which the Democrats of Ohio, spenking through thelr lending organ, de- siro o run a candidate for the Presidency in 1876, We cito it also nd an instance of gross ingratitude. Mr. Pexvreroy {8 tho onmly statesman of respoctability and politieal repu- tation who has ventured to identify himself with the irredeemable groenback poliey, and now the Rag-Baby organs donounco him as representing no on but himeelf ! ‘Fho statements of the Znguirer aro so ab- surd that it is roully n waste of timo and space to notice them. They indieato n case of the most uggravated ignorance or lunacy. That the people havo now o ** better™ cur. rency without a specie Lasis than thoy had with it, is one of those statoments that aro pecullar to tho advocates of paper-money. What is meant by tho tarm * better"? Does ‘'botter” mean that tho currency is subject to never-censing fluctuntions, aud never of tho gamo value for two successive days? Is the carrency ‘‘better” bocanse it is at a dis- count of from 12 to 18 per cent? Iu it “better” beenuse merchants have to depend on New York Lirokers or speculators to rodecm it ot such rotes as they may think proper? Auother statement is that . “‘specie baxiu is o frand,” and this, teo, s one of the stock phrases of tho class of peopls who want the national owrrency to bo of na littlo value as possiblo, and is a3 incompreliensible na tho otlier ono that * there is no such thingas & wonoy basis,” Paper-money, Lnving no in. trinsic value, rests upon the promise to ro. deemit, It iy a written promiso, tho value of which copaists in the probalility of its re. demption. Tts value as monoy is oxactly what it will exchange for in gold. If a green- back dollar will exclange for 85 conts in gold, then it will buy sy much of any commodity ud 85 cents in gold will purchase, ond no more. But paper-currency is not * money "} it is only a substitute for moncey, 8 promise to pay woney. It differs only from a verbal promise in belng reduced to writing, Tsa verbal promise *“money”? The fact that it ls wade n legal-tender in pavment of debly does mnot change its characler, bocauge, it there Lo no debts, it is legaluender for uothing, 11 ja said that the * Democracy of the West want no basis for mouey except that of the United States.” This means, we supposs, tha old wtory of the currency ‘*based on tho foith and resources of the country,” But of what avail are the Tuith snd resourcesof tho country if the currcuoy i never to be ro. deersod in suy ** yesources”? A note which is never to be redeemed is based on nothing, und that is precisely the currency which these ed in tho statement that gold intrinsically is worth notling, and that the Govormmont stamp upon paper, leather, or anything else, is just as pgood! Unfortunately for this theory, gold has n value independently of the Gov- ernment stamp. A given weight of goid dust of equal fineness with coin ia worth in ol manner of oxchanges aud purchases precisoly the same as if in coin. Tha larger portion of the gold produced in the United States is exported in bars or dust, and hay Just tho samo valuo as the same weight and finengss in coined gold. Tho Governnient stamp gives no value whatever to the gold coin. The stamp of the mint i3 a mere cer- tificato that the coin contained a certain weight of geld of o certain fineness when ssued. If, in the course of time, this coin loses any part of its weight, though the stnmp remain unimpaired, it loses proportion. ntely of its purchasing power or commercinl valne. To dony that gold has a valus inde. pendent of that derived from tho stamp on tho coin is one of those extreme absurdities which aro equaled only Ly the other, that the stamp placed on the coin if placed on lonther would givo to the Iatter the samo valne 0s gold. Ounly a leatherbead would believe such nonsenso, The Enguirer sintes that tho difference in the value of gold and cnrrescy does not affect domestic prices. But how happens it that n thousand dollars in gold will always purchaso from 12 to 18 per cent more wheat, conl, iron, Iand, or merchandise, than will an ecqunl number of so-called paper dollars? Whether the ruerchandiso be sold on n gold or » paper veluntion, the go'd will purcheso more mer. chandise than will the pnper dollar in the exnct proportion of the differonce in the val- ue of the gold and the curroncy as deter- mined by tho New York Gold Exchango quo- tations. Thoe whole theory given in the Enquirer article is the platform upon which, nccording to that paper, the Democracy of Ohio and tho West proposo to nominate n cnodidate for President next year. It is an appeal to popular ignorance and dishonesty, which the people will resent indignantly nt the polls, ——— RAILROAD DlSCRl!\éIA.!é:l\,TIOH AQAINST CHI. There scems to be some ground for the sugpicion that Tox Scorr is at the bottom of the railroad conspiracy ngninst Chicago, by which freight is carried throngh this city to Neow York from points to the west, north. west, and southwest of us at lower rates than from lere. The motive which is belioved to have nctuated Tox Bcorr in bringing about the combination that has led to this is ro- sentment on neconnt of Chicngo's supposed hostility to the building, at the Government expense, of o railrond of several thousand miles through tho dreary, rainless, arid wastes of Western Texas, Western Indinn ‘Torritory, New Mexico, Arizons, and’ Lower Californip, for tho benefit of Tow Scorr's construction ring. If the suspicion is well i founded, it wilt not be improper for the Chi- cago Bonrd of Trade, the shippers, packers, bankers, nud other interested parties, to in- vestigato the matter thoroughly, and expose tho real condition of things. If true, itis importunt that New York, New England, and other parts of the country outsido of tho fow points that expect to 'bo benefited at the ox- penso of the Government by the construction of the Texas-Arizona Pacific Railroad, should bo properly informed of the policy of revenge which Mr, Tox Scorr's gang will follow, that they may prepare thomselvea accordingly, The plan adopted to bring about this dis- crimination against Chicago was so ingenious that somo of the railread managers did not understand its real purport perhaps until af- ter it wag virtually accomplished. A combi. nation was brought about by which a certain high rate was fixed from Ohicngo east, and an ngreoment entered into not to cut undor ot this point. But no agreoment was made that thero should bo no cutting from points west of Chicago. It was in this omiaiicm that the proposed disorimination wes hidden. As o result of it, Milwaukee flour is carried to Chicago, 85 miles, and through it to Now Yorl at 10 cents lesa on every barrel of flour than is charged to our millers and merchinuts divect from Chicngo to New York. The same policy is followed throughout the country around us, and it amounts to offer- ing o premium at the expense of railroad stockholders to tako trade awsy from here. ‘This is not merely tho effect but the purpose of the discrimination, Of courso, tho Chicago business communi- ty will not enduro this systom of disorimi- nation, but thero is danger that it will post- pono the fight against it. Resistance should be mnde at onco, Chicago has bocome as valuable to the railroads as the railroads are to Chicngo. With o unity of purposo and prompt action, the Chicago business commu. nity can put astop to theso flagrant discrimi~ nations et the vory sturt, By a combination on tho part of the citizons to ship exclusively over any ono line that will agreo not to cut under at points farther west, all tho othors can bo epeedily brought to terms. If Mr, Toxt 8corr aud his railrosds are responeible for the discrimination, hia railroads are the onen towhich Chicago shippers should refuse their potrounge. As to any coffort to bully Chicago into an nquiescenco in tho Ton Scorr rald on tho National Trensury, he is poorly juformed of the character of the Chia cago people it he has theught for one mo- wment thot it would succeed, The Chicago Bonrd of Trade should gather some offcial information on this subject. 8T, LOUIS' REW MERCIAL PALACE, St. Louls cvidently aspires to something like the conspicaily achieved by Chicago, and to becoma notable in some striking point. For tho past year or two onr ncighlor and friend—{riends in about tho same degroe that neighbors ususlly are—has sought advertising i o variety of ways, Dut they are coatly, The St Louls bridge is about the biggest thing of the kind in existence, and las the additionnl advantage of bringiug that city practically nearer to Chleago; but it was se. cured at a coat of something like §15,000,000, represented molnly by four mortgages, also among the biggest things of the kind on record, Btill the investmont achieved the purpose. 8t. Louis got into all the newspe: pers, uud tho telograph wires were weighted down for two or thres nights with descrip- tions of the bridge, scintillations from the pyrotechnio display, glowing oxtracts from the oratorical efforts of the speech-mnakers, and brilliaut periods from the 8t. Louis news- papers. But tho Bt. Louis people, it seems, were not content to settle down comfortably under the bridgo mortgages. They longed for new comquests, new advertising, and new debts. Bo they proceeded to erect the largest Chamber of Comuerce in the country, and have spent mora money on it thnn has been expeuded ov any other like curious people want, They want * money " which, while 8 legal-tender, will have the lenst pousible purclinsing value, ‘She cliwax of absurdity lv, however, rench. building, With a site that cost half a million aud a building tlat cost wore thau & million, Bt. Lous Liss again besu celebrativg, and we Luzuwith extond our heartivat congratulations upon thia architectural ralief from tha low, dingy brick houses which hal become n sort of tradition. There wero somo sensible things (omitting tho sentiment) said at the opening of the new Chamber of Commerce at St. Louiy, and Capl. Eaps is entitled to the credit of saying many of them. Though he gave everything a St. Louis coloring. o was right in sounding as tho keynotes of our commercial prosperity chen) transportation, revenuo reform, sonnd money, freo campetition in trade, and a ro- duction of nationn! expenditures. DBut whon he referrad to the 10,002,009 expended on a Custom-Iouge in Now Yo.k, aud &35,000,000 now being expendod in 8t Louis, out of the taxes of the nation, did it not oceur to him that the Bt. Louis peoplo were guilty in the same dircction by investing $1,600,000 in a Bonrd of Trade build- ing which fs certainly disproportionate in cout and exceptional in elegnnco as compared with thereat of tho city? Did it occur to him that St. Louis had extravagautly and wastefuily erected a building two or three times larger aud costing two or three times moro than there could be any need for, to nccommaodate about one-third or one-balf n3 many merchants and one-third or ona-balf ay much business as is done in a similar build- ing of one-third or one-lalf the sizo in Chis cngo? It was alitle ont of place to criti- ciso the vast amount of monoy invested in Government fmprovements, while the St Louls people have thair bridgo and their Chamber of Commorce. Wo cannot look on at tlis St Louis oxtravngance with- out n meighborly protest. Wo will even enter into n compnct for giving St. Louis thoe advertising It desires at cheaper rates, [t is painful to see its money squandered in this way when it might be employed to much better advantage in building up n trade to il Chamber of Commerce of moro modest protensions. Nevertholoss, we wish St. Louis well in her new commercial home. BAD FOR BISMARCK. It rooms that there is more than one skele- tou in Bismanck's closet, VoN AnviM way the first tenant thereof, and a very lively skeleton he made. An articulated specimen in a doctor's office, with the ofilce.boy pull- ing tho string attached, could not have been livelier. At Paris, at Ems, ot Berlin, and Intely at Genova, Vox AnNix managed to make himaelf the denth’s-hond nt Bisstance’s daily dinner. And now that this unpleasant ghost has been Inid, at least temporarily, the cloget is found to contain auother skeleton, in the shape of Merr Druonuck, President of the Federal Chancery, In Denpruck's pocket, which should contain 701,250,000 franes, thero is o yawning hole,—~n hole through which 386,250,000 francs have slipped awny. Tho Reichstog (Parlisment) voted, long ngo, that the first-named sum should be taken from the French indemnity of 5,000,000,000 francs, and invested a3 an iuvalid fund for the benefit of tho veteran soldiers of Germany., The Government was inatructed to invest thissum in foreign funds, if it chose to do so, until July 1, 1876, and thereaflter in Gennan Governmont securitivs, in the debontures of German railronds partly or wholly owned by the Governwent, aud in ** commmerciol loans,” ‘Fhis last expression Llas been liberally intorpreted, ns laws dis. posing of other people's money are apt to be. Herr Deroruck, to whom tho disposal of the money wns in- trusted, ‘managed to sink £86,230,000 francs, or moro thau half of it, betweon 1871 and 1873, in the stock of bubble corporations such ss tho * Berlin Discount Society” nnd the * Prusaian Commercial Company,” Theso shares are said to bo **absolutely without valuo,” Tho discovery of this unplensant fact was hastened by the Government itself, which recently askod the Reichstog to prace tically allow tha * Invalld Fund” to be un. accounted for until July 1, 1880. This excited suspicion nnd led to invostigation. The re. sult was tho disclosure we bave sketched. It has put tho Noichstag in o bad temper about schemes which have the imprint of the Chan- collor's office. 'This porhaps explains the rojection, in o lump, of the tax-changes proposed by DBicyanck, That eminent per. sonage notified the Reichstag that it might havo the plensure of voting a graduated in- como tax on all incomes above £1,500, an in. crensod excise on beer, and a fow other modifications of tho tax laws. Much fo his surpriso and indignation, his hitherto obedi- ent law-makers did themselves the plensure of voting **no" on eachand every suggestion. It is probable that ho used a sories of poly- syllabic oaths, any one of which, if printed, wonld stretch ncross this page, but tho Reich. stag remained unmoved. It will not vote the .mow taxes, and it persists in asking now questions nbout the responsibility for the mismanogement of the ‘‘Invalid Fand.” Herr DELnrock bids fair {o play the part of the skeloton in Bisatanck's closet for somo time to como, BATING-UP A BIG RAILROAD. The Railrond Commissionery of Massachu- sotts will have ample materials for moralizing in their next onnual report, when they come to the chapters upon tho Eastern Railrond, and Cuanves Frases Apaus, Jr., who Lins boen writing very graphically npon “Railrond Accldents” in the Atlantic Aonthly, now has nn accidont on hand such as he has nover Lind before, numely, the accident of a railroad swallowing itself. The medicel booka tell us of extremo cases of sickness whero vic time loger along, living upon themselves, ‘This kos beon the case with the Eastorn Itail. road, and, as this class of victims nover re. cover, wo moy expect that the case of the Fastors Rond is hopeless. The story s a very auggeslive ono, Only five years ago the Eastern Railrosd waa a solvent conceru, It was practically unincumbered with debt. Its froight and passenger busineus was enor. mous. It was paying 8 por cent dividends, It hiad inoreased its surplus. It was adding to the valuo of the plant und property con. tinually, The Company was constantly im. proving the rood und working machiuery, snd adding resources to sccommodate the coustantly increasing business of the road, The Railrond Commissioners roported that year that it wus in excellent coudition and that everything was lovely, Its condition, in fact, was envied by mau; other roads, In 1870 its capital stook paid In was $4,002,000, and its debt §3,012,600, Its operating expenses were §89,490, ita net earnings 8444,710, and its surplus $180,542, In 1874 its capital stock was Inoreased $200,- 000, and ita debt mounted up to $3,580,349, It bod @ nominal surplus of §405,5682, but this was not enough to pay for the disaster at Revers Stotion, whioh happoned that yoar. In 1873 the capital stock incroased to 4,977,000, and the debt to 89,743,493,—sn incrense of over four millions, and thero was a defloit of nearly $100,000 {n the year's busingss, In 1874 the capital stock in. creaad only $20,000, but the debt went Lop- plog up & briskly os ever, and at the ead of the year the road owed §18,000,000,~an {ne ereaso of over This year the debt frote up $11.833,500. Tu fonr years the dubt has Incropsed $10.525.055, The stoel is now worth $10, and honds that were ne. gotiated six months ngo at 93 are now quoted at G0, In the wholo history of railroad mannge- ment thero has never been such a cuviona cnd remarkable oxhibit as this, Fonr yenrs ago the road was solvent, was doing an immense Uusiness, paying bandsome dividends, and was managod with pradence and skill, The first step towards fts downfall was in the change of management which took the rond out of tho liands of conservative and careful men and placed it in the hauds of injudicious, speculative, reckless operators, who changed tho whole management to the Young Amer- jca and Crodit-Mobilier atyle of doing b ness. They entered into rminous competi- tions with other ronds by constructing new Lraunches nnd leasing small ronda at most onormons rentals. They invested in lands at enormoug prices, uniil they lLad become londed down with threo times ag mleh un. profitable property ns any other road. They Lought up stocks of other roads so as to control them, which stocks are now i good for mothing, They mado ndvances which con nover be repaid. As o smn- ple of loose management, thero was in 1874 no volo authorizing any bnilding, and yet In that year tho construction necount was inerensed over £4,000,000, and the everage cost of construction per wile was raised from &534,A57 to 92,803, while tho vagaries in the incrense of e:uipment are quits as re- markable. It is littlo wonder that the Eastern Rnil- rond bondliolders are quaking ns they stand by and look nt a road still doing an immense business, running trains out of its depot nlmost every fivo minutes in tho day, its cars crowded with possengers and freight, and yot unable to obtain o balance in its favor at the end of the year by renson of the parasites that nro constantly sapping its very lifa, and of its debts traveling faster than any locamo- tive on tho rond. Of course it is only a brief question of time how soon the rond will com- pletely devour itself, leaving nothing behind it but its debts and a hesp of valueless bonds, The mornl is obvious enough~that the samne conditions apply to the business of & milrond corporation s to on individeal's busi- ness. The individual (who should conduct his business as the Fastern Railroad Company bns conducted its business would be univer- sally considered as a violator of financinl in- tegrity. The sawme moral rule applies ton rnilroad corporation. The most remarkable feature of the whole matter is, that this dis- nstrous and disgraceful toanagement should havo occurred in Massachusetts, 1,000,000, The Cincinnati Enquirer makes this nsser- tion: ] 80 far au the grecaback has bern sllowed falr plsy with gold, it Lias been oqual in value to ft. In all fn- ternal tradlo a groenback doller would buy as much as 3 golddollar would If wa Liad it In {ta placa, ‘The writer of this assertion is either trying to got off a stupid joke or ho is a doukey. There is no Blate, couaty, city, town, or township in the whole American Union where a greeuback dollar will buy as much as a gold dollar, cither of commoditios or services, for tho simplo and sufficient reason that 86 or 87 .cents will not purchase as much of any- thing ns will 100 conts. Inorder to demon- strate the purchasing power of gold and greenbacks to the complets satisfaction of the Enquirer man, let him get a gold coin (borrow it from a broker), and with o groon- back of the same donomination enter any grocery store in Cincinnati andsee which will buy tho greatest weight of sonp, candles, butter, lard, potatoes, menl, sugar, ton, cof- feo, spice, salt, oil, rice, fruit,—in short, any- thing for sale. 1f not satisfiel with the ex. periment in the groceries, lot him try o buteh- or, o baker, or an oyster man; let him go intoany dry goods, hardware, or jewelor's atoro, and he will discover which will pur- chase the most goods, by about 15 per cent. But wo agreo with tho Enquirer on ono point, that *‘the greenbacks bave not been allowed fair play ® by tho ** man " that issucd them, viz,: Uncle Sam. On their face, they are promisos of the Government to bo re. deemed in constitutional money, but the Gov- ernment does not perform its promise, nnd rodeems them in nothing excopt taxes, They aro thereforo “broken promises,” and “have not Veen allowed fair play,” and conse- quontly, instend of being worth their face, and buying ns much as gold, they are only worth what the brokers will give for them, oud do not buy within 15 per cent as much ag gold will purchase, and all because the Government—under the influence of such sheots as the Enquirer—hns not redeomed its promise. Tho Tory Government in England gave n fresh flinstration of its timidity the first fow dnys after the Buez-Canal purchaso was an- nounced, by adopting an apologatic tone, and secking exouses for tho stop it had taken. The enthusissm of tho peoplo did not rise and awnken the Government to a realization of the grand policy upon which it had enter- ed until the news was some days old. So the Government is fairly chargeablo with another blundor, The difforence is, this time, that tho blunder of the Government was on the right side, while the blunders in the case of tho Prrwsort Bhipping act and tho Fugitive-Blave order were on the wrong side. DBut there is no evi. dence, in any of the negotintions preceding the transfer of stock from the Rliodive to England, that the Government of Mr, Disnaznr was controlled by a sagacious and well-defined policy, or even by the sud- den inapiration of genius. Lord Denny ex- plained to the Marquis p'Harcovrt, tho Fronch Ambaasador, thres days after tho purchasg, that the Government acted wolely with the jutontion of preventing a large for. cign influence from preponderating in a mat- ter so important to England. For bis own port, Lord Denoy said, he would not opposs A proposition to placo the Suez Canal under un Intornational Byndieato, Bince this in. terviow, it is probable that Lord Dxnoy has found reason to modify his opinfons; and it ie certain that any proposition for an Inter- national Byndicats would provoke a deoided and respectable opposition from the English people. Perhaps thls is the next blunder that may be expected from the Dumazit Goverpmont, — ‘The substance of sn artiole from the Clave. land Leadcr was printed in Tux YRISUNE yeutar- dav, {u which Alr. Cowres, the editor of that paper, took very serious exceptiona to the state~ wants mada by the New York Herald concarning bis slloged connection with the O, A. U, secret Order, The Herald had charged that My, Cowrza was & membar of the Order, had attended & meeting in New York City, and was deputized to g0 to Washingsoa to iuitlate Mr, Braine and consult with tbe President about it. With the oxceplion tbay Mr. CowLza is Dot s member of the Oyder, did not sitend a meetiog io New York, was nob deputised t0 go to Washington and Inle tiate Mr. Drasns, sud Lad u0s couversed with ho Peeebdent uron noy arbject slaco lase Mav, iy allezation of the Lerald b ecricer, an wo utor from Mr, Cowers' mbtiele. The nmannt of cra ibility to b given thi uew soesss 1 of tho derall mny bo wufer 0 from tho russ mise atalemo it ecncermmg Mro Cowrts, The derald 18 notlung i vot eonsational, Cone gress Laving ndjourred over tho holidaya, STANLEY not having been heard from latel y, and 1ty otlhier fenrations having quicied down, wmeth’ng must e done to msl papors aud get paopls to ta king, uod wo tho O, A, T was man. ufsctured. Itw own dirpaichos gbiosw that noth. ine A kuown of it Aluany, T ebn.ond, Phla- selplin, Piltsburg, Ciocinnabl, Borten, and Ceicogo, Nothing has hoen leard from Bt Loui grote.ars not to Lavoan but ag Clucago 0. A, U,, of courro St. Loulw will claum to havo them an humeroud’y 84 her I 0. U'w, The Herald, howover, i4 to ba congrainlated tipon it wuceees in bloning up its latent builocn, It will 115 n listlo nhilo nud tuen colinpro ne goon s tho next nonsation asmon nlong. When news ia datl, itisa'wage in order to look out fur o balio.n from the Herald oflico, GEQURAPAICAL DIICOVERILY, Al tho rsto gengrarhicai discoveries bave been made withtu the lase o4 years, the nese gencra- tion, or parliaps the next contury, will havo very little. parbaps notbiag, Jefe to acoomplieh, Lav. INOSTONE, Baxgn, BTaNtey, Gnast, Sezie, ond otheis have oxi lo:ed tho course and tha sources of the Nile, aud n very Iargo ures nt the cencro of Afilea; aud now Col. Castenoy, of the Eu- gl army, bas comy.loted tho journay across tho continnut frowm .eart.to west, proving that tha Luniaba River, hnviag its source in Lake Taue gauvilia, isa part of the Coago,—~thus solviag oue of tho Iast aud tha groalest govgraphical provlems of that cautiuent. No marked avd immediato commorcial sd- vantagea can bo kxveeted frum these discovo- res, Jlut that civilizadon will gradually make the vaet fertilo sectiovs of tho juterior of Afsica availulio for man's bighost development, thore can ba no doubt, Tuo lower Valloy of the Nilo was tho home of tho richest, tho moat pop- ulon, aud the most powerful of tho auclent na- tions, o8 well s tho most learnol and the most intollectual, It was, in fuot, the uation thal faught after nges sclonco and the arts of civilized lifo as then undor- stood, whon man first began * to roplenish tho carth and to subduo it.” Tho Valley of the Nilo may ngain become tho homo of a rich, iutolloc. tual, and poworful bation. Dut wo pow have also ex;lused, and waiting the advent of civile {zed mau, tho mcat Valieys of the Zambozy, the Orauge, tho Couzo, and the Nigor, portions of which uro exccedingly tieh aud productive. Vast sectlons back from tho const aro by no moans unliealthy, and the poople inlabiting some of toomn are not so debaeed and savago as might bo expected from fguoraut bheathens. ienca thogo later oxploratlons of Alrica may havo o biglier s goiticance and a more command- g ivtluonce upon tae future progress of man= kind tuan all that Las beens dons pravioualy for that vast contivent, Aud now comes n Russian exploror,who, sailing enstward along (ho northorn shore of Europs, and popetratlug o sea hitherto supposed to be cluaed by walls of imponotrable fce, explores tho Oviand tbe Yenesol Rivers, in Nortbern Ama, snd tinds {o them rich grasses, forosts, and other miticlos for commercial {uterconrse. Tho val- leya of theso great rivers, he thinks, can bo reached from Europe by 1ha route whivh lo has travorscd, ‘I'hese lator researches seom to polat to tho time, not distant 1a the future, when overy por- tion of tie babitablo gloke witl bo kuvown, and its climate, resources, and. in geueral, tho meane it has to support & civilized and Lighly cultivated peoyde, will be well undoratoxd. Car- tainly no fears ueed be 1ndulged, for ages to como, that tho earth will bacomo overpopulated. Proper jutollijtont culture would cause it to yield food enough and to spare for hundrode, perbaps thousauds, of times a8 mauy peoplo as now live upon it. ‘Wihin tho-knowledgo of men now lvlog, Cbiva and Japan bave beon opened to com- merce ; Africa Is pow nearly all explored ; New Uotland haa boon settled ; and all the ecarth ia open, or soon will bo, to tho enetgics’ and tho appliancos of our modern civilization. Tho rail- way, the tolegraph, and the steamshlp—all the product of tbe presont con.ury—mll contribute to wan's dominiou ovor the earth, and to his lo- telloctual and moral devatopmout, as no sgencies i the pas over did. Tho railways will connect ali the leadine cities of all contnonta ; the steam- or alroady vazos ovory ses, and soon will navl- Rato all the great rivers and the lakes of the carth ; und the talagraph will eaon ombrace the entiro world, and flash to oll lands each day's doluga from oge to age. Evidently tho world is on the eve of a naw, perhaps a startling, era iu the bistory of tho race. Tho Washington Ohroniclo says that our Min- Isters and Consula have beon *indorsing guldo- books, patent medicines, and invalid chaira ox- tenaively of Jnte, ovor their official titles, and, no dount, for flaaucial considorations,” It ndds that Booretary Fisu is about to forbid the prac- tice. Wa shbould bhopo so. Iudorsing & Utal mine [a bad enougb, and is apt to awindle moro poople, but it i4 considerably moro diguified than ceortifying that an ambsssadonal tomsch has beon soothed by *'IEuxiNe' Purgative Pils* or that what ** Uncle Topx * calls ** the broadest part " of an ambaspadorial body has been com- fortably accommodated o & chair cone structed on such.and-such a patent, Sona- ator GomnpoN, of QGeorgls, who wishes he bad mno liver, ies much exercised over tho impudence of a certain veudor of quack medicines who haa decorated evory rock from Virginla Lo Texas with the interesting in- formation that * Sonator Goupox uscs Ho-and- #0's Cure forthe Liver Complaint,” His squeam- ishnesa will not bo approciated by our Diplo- matic Bervice. It the pradont eyatem of ped- dilng offictal influence continues, futuro Amori- can tourlata in Engiand will find the frequent fence-rail bearing legends such as this; * Buy the Bure Cure for the Btomach-Ache; Cen. Scuencs uses it." Jn coureo of time, the moun- taiu-sides of Bwitzerland, the ruina of Italy, and the castlea on the lhine, will bo utilized in the eamo way, untll Furops becomes & moss of Rigantlo eigu-boaids, aoquejating every passer- by with the disenses provailing amoug our of- cin) ropresentatives, and the quaok remedies which bave given them relief. ———— When an ovent has just happened, or is pretty sure to soon happen, thero is never any lasck of thymed prophocies of the fact, which lay claim to au antlquity of several hundred yoars, The Iatout one is aneut Turkoy, snd Iy dated 1453, It aayu s In twlca two hundred yests the Dear ‘I'ba Urwceut shiall nssl But, If the Cock aud vull unite, “Ths Boar aball not prevatl, e T 3 3 ‘Croas aball waz—iho Crescent wane, T ow ale snd diappear, j The *'snioa ton yesrs ** comes to au end next spring. 12 the Tork is driven across the Bos phorus then, sndif the giopheoy can bs proved 1o ba entitled to the aste it bears,—the latier may be tha harder tavk of the two,~the colucls dence of fancy sud fact will be quite remarkable, Bus io all probabliity the verssa were written aftor tho Aoglo-Fronch alleace ageinat Russia in 1853, and dsted tosuit - ————— Io the treditionsof & certain Conneaticut town there 1lves & mythical mad bull, which * bad all the loading citizensin the mir at » timo, some goiug up sod others coming down.” The lead- ing cltizens made uge of varlous emphatic ex- Ppreuslons, as they paesed each other on their ine voluutary fligbts, Something of the same sort bas just diversitied the hum-drum life of the old French town of Doust. A Lull scaped from a rallway traln, playfully touwsed the Mayor'sgify over a wall, and coaverted & g00dly famber of other Doual digoltarics 1945~ Pro-teny, birds, Rvary wayfates Lo the gpiyhbarhood teok & botn | nnd folt oxalted. The animal continnod his pas- T tima with unabated vigor unt! e hide was thorouchly tattooed with bnllots, Tt (s sald that lua ove, glazing in death, roflected veveral | hundiod respoctabla Douatans in tho sie. They | kept coming down for ten minutrs af ar ho had kickod hia last kial and hooke1 lsiu last man, —_— i Tho ancient Univorsity of Dojtiors, Francea hins granted the dopres of I3iehiolor of Arts toa young woman, Mademolssllo Dryoisr, nho ! puesed 8 brithant exanunation therofdr. Tho Bithibees Lustitution of London bestowod its firnt prizes {n modern languszes avd * vancod tnathematica™ wron thieo women, a fow davs ego, and Lord Chiof-Justico Cooxnuny, wlho prenided, ankad, rathar " plaiutively, * What Is to becomo of the mon it this goceon?" We stubmit these Incts to ourronders with soma foara. ‘I'hey scem to ue complimentary to tho fair sex. Iut hitkiorto, when we have lahared nudor the eao 1mpression, we have rocoived letters from indigoant womon who have Indulged in teckicas vicuporation about the *moanne-s," tho **1ting anay,” and tho *“ignorauce " of these woll-teant acroods. Tha angry eplstles have ot 178t ono pojut in canmon. Thoy all say that the palustakiog articla in quostlan {8 **wholly beneath notice," and they thun procead to notica 1t at quito aopalling lenzulr. The porttan of ths fair eox which writes lottora t4 the nowapapors deos not seom to be vory falr in judgmant o verv modera.o 1n rightoous wrath. 1t 1 roportod chat Mr. Crranues O'Coxon's im- proved condition and prababie recovery m st hs aitrivuted to bie obstinate rofueal to take tho, medicines prescribed for him by the doctora. White this is likely to hava had something to do with biu rocovety, another in fuence mast not bo forgotten, viz.: the fact that all the nons throoehout tho country had obitusry noti tho most e'aborate character tropared sud in type. Editors have di<coverad by long and earo- ful observation that tho bost way to eave a man'a hifo, when ho ia slck, Is to expend & good desl of labor fu tho proparation of an elaborate bio- gruphical sketob to bo usod in case of death. The victim alsavs gots well, Mr, O'Coxonr sbould not, fn lua futare carcer, refuse to re- member that Lo 18 under asmo obligations to the newapapars, it life is dear to him, Cincianatl {s bard to suit musloally. Alitto olated at tha succoss of ler festivals, she bss sgsumed 8 musical vietuo, although she law it not, and bana of Iate boen making protousions to clnssical tnste, Accordingly, st the orchestral concorts, tho soloctions havo been mainily or a severe nature. This offended s numerous clags, who wanted popular mueis, so tho conductor at the last concert placed “The O!d Kentucky Homo " upon his bills, and compromised by call~ Ing it the ** Chianron Negro de Kentucky.,” This raisod auotbor breezo, Tho populsr eloment, not recognizing it ander ita new namo, thought It was classical musio. When they found out their error, howaver, they Gomanded to bava “The Old Kentucky Home" in the original package Loroaftor. % gt A novel case of intorforonce with oporatis management happened in Now York City the other day, Mr, NEveNponrr, tho managor of tho WacuTen Gorman Opora Troupe, had an- posnced s parformance of * Lohengrin,” with Mmo, WaoNenas Fisa, Theroupon s number of opora-goera held n meeting and passed & resstution that Mile. PAPPENHEIY, another mem- ber of the troupe, ought to siog the part, and sent the rosolution to Mr. Nrumwnoryr, who probably throw it In tho firo, ad no change was made in tho cast, 1t s the first Inastance, we baliave, in the operatic record of the coaatry whore an attomnt has boen msde to interfero with this feature of the managerial functions. — Soms of the nowspanera ara reviving and ro- peating, apropos of thia holiday season, various starles of poor husbands who have already ro- celved bills for Christmas proseuta thst are to be presented to them by their affectionste wivas. Buch accidonts do happon in the best.regulatod _famillos, YWhat are our boaated livorties, it pro- ceodinge of this nature are allowed? Thero ought to be soms loophole of escaps in the Husband-and-Wifo bill passed by the last Legis- laturo, The suggestion 18 given for what it 18 worth. B o The Eoglinh Earl Cowrzn has ramitted 10 per cent ot the reats dae fiom bis tensnts this yoar, the season boing 80 unfavorablo that the crops will ba short. Tho political ecrnomists, of course, are aghest at thia wide departurs from sclontifla principles. Belence tolle ua that poor peaplo aro good for nothing, except possibly for food or fuel; aud Solence dosapot llke to bo cootradicted. By poor peopls, Belenao mesns those who caunot support thomaselves ; all othors ara wealthy, A mathematical marvel of & man in Jobnsos County, Mo., has told how many tlazsaeds woald roach from tho earth to the sun, cogntiog gev- saty-oight to tho inch; but nobody has tho time or the power to verify the computstion. Tho prodigy might atato with affectod precision the number of Presidential mspgots now alive in the United States, aud the calonlation would be more intacesting, i not mare valuable. The Fronch {nvented the word ennui, bus the Hon, Gronoe DANCROFT eavs that they kuow leas about it than any other nation. This Is pore baps, due to tho fact that the Hon. G. B.'a sprightly dozen of volumes on the history of the Unitod Btatos, in which he has mansged to bring it down to tho point where It begins, have never boen mnlhud‘eto the French languaga. The Towa newspapers are circulating & repon that W. M. Tweep hss boon in Marsbalitown and otber cities of that Btate. The report le manifestly unreliablo, and gotten up for sensa- tion, Twxxp would acarooly choowe Iows aa hig idesl of an Earthly Paradise. Tio wants a place to spand monoy,—not (o make it. — A corropondens, elgoing himself ¢ Oak Park,” 18 {uformed that the word * lupaoas, | which occurred in tuo Catholic World article recently quoted by Tun Trinung, is Latin for ' brothel.” —— PEREONAL, Qeorge L, Fox haa beon exsmined by s jury, and pronounced fncurably jusane. He leaves & wite, and a child 7 yoars of age, almost antirely destitute. A correspondent esys that Mr. Watterson's passlonato fonduees for musio has done much toward preserving bis love of the beantiful and hin ebildlike simplicity of character. Authiony Trollope i6 reported back in London, halo and hearty, ¥or the next few months hs will Lis in the ssddle threa days in the week, aud will visit in turn ull the huntiog counties in Ea- glaud. ‘Ih report that ex-Banator Nye was recoveriop bia boalth and his menial faculties, proves, un< happily, to have been incorrect, He was roe- moved from the syylom after his recovery was pronounced hopeless, William Cullen Bryant bears his 80 years lightly. e indulges in such gymnastis exer- cises aa liftiog himself up by the arms over tho door, Bo writes a New York correspondent. It 18 not easy to imagiae Mr. Bryant going over & door, Horrible—horrible—~most horrible! The Ver- mont Congresaman who was elected to succesd Father Poland, and who was claimed by the Independent editors as a man after thelr own beart, voted sgainst the aati-Third-Term reso~ lution . Prof. Max Mueller's lettar to the Vice-Cbane cellor of Oxford Univeraity, indicsting his de< terminstion to resign ths Chsir of Comparative: FPhilology in the inglitution, has besn published. Thd res¥otis for the vealgnation sre, that tlus Profeasor, atier a service 'ol twenty-ive !‘:;- feels ho should mialke way for youuges men | e deaires o datote ihe remainder of hid life & Handorid study and sditoslal wark, rellikt 458