Chicago Daily Tribune Newspaper, January 8, 1876, Page 11

* "~ BOSTON. An hhfiyorntn Temperance Man At- tacks a Prominent Editor, Wendoll Phillips Painting with n 45 8 Large Drush, His Opponenis Taking Front Beals fo Hear Themselves Abused, lab {ho Literary People Are Doingentet, Srfists, ond tho tentennial-Yo Crying Pluys, Snacial Corresgondence of The Chicaco Tribune, Bostox, Jau. 4,—The last sensation bhoro in Boeton juet now is Dr. Minei's attnck at (ho Probibitory rally npou tho cditor of tha Boston Glode. *Nr. Miner coolly nccused thia edltor, In a1s speeel, of confeesing that ho couldu't sup- port bia paper six months without tho liquor sellerk’ money, and that at the same time ho was lesding for & law in tho intarest of tho sup- pression of intemperanco, -Whoress tho editor »f-tho Globo eaid uo such thing, as he beldly af- irms, which afirmation evorybody who kuows 3im, or anything ahout him, belleved st once. Cho fact fs, Dr. Miver vear afier year w8 beon taking on, or trylog to take ’n, ‘Wondell DThililps’. sudscious sislo of naking swesping nrsertions on momo floating aearsay, Dnt, nob baving tho great orator's uatchleda magnetiam and eloquonco, 5. - 1T DOESN'T ‘@0 pawn" aroff asweli na tho groater wmnan'y pssertions, [t looks aa if tho Doctor waa not «o thoroughly ‘n oarucst upon his subject as ho tries to per- juade. bis hoarera and even himself; but was #nving to make a noise ln tho warld—to make & tengation in his way, or in tho Phillipean way, Mter o denuncintory fasbion of Fulton snd [almage. The result Is, that lio excites sucti & 1plrit of aggiesalon ‘amangst his hLearers, evon those who go with him, that tho spirit o - anger and el uucharitabloncss s coustantly on tho surface with A8 - destroying inflnonce, -mot - sgainal the evil of intemperance, but against any co- aeston, or barmony, or conviotions. It hes got 10 be not Temperanco and Dr, Miner, bat Dr. Minor nnd his intemporste opinfons, And like s.good many othor peopls who ars in love with sheir own opinfons, ho seoms to be not so much spncorned for the cause ns for Dr. Miner's ticiws, and the agreemont or disagrsoment with them, [ makea it uti!l mora Intoresting, whon wo read and honr tho accounta of this fast ovslaught of Ais.qapon the Globe editor, to know that this ed- itor In the son of an old friond and colleaguo of Minor's,’ tho' Rov., lleory Bacon, who died or ~ cigbteon years Ao, that Muner, in his angor, Bald somo time ngo that young Bacon was ‘aking ‘8 coureo that waa dircotly against his tathior's . viows and lifo, aud in conscqueuco was » mosl unworthy son. Pacon, it 18 seid, retortod that if bia facier bad lived his brain would nover bave stood atill with his friend Miner's, but rogroasad with the intetligence of the day, un- B would havo boon an. far opposad to tho Doctor'a_violent fauaticlsm s bis son was | Young Bacon—he is & man s little over 30—is net geiting o be . man of mark and power are, Of liberal and enhyghtened views upon il pubjects, Lo hos that other faenity which men wmil “'go,” and which 18 making the Globe of weh foreo that fanatics iu overy coruer aro cry- tog outin wrath, .- WENDELL PIILLIPS loined forcos with Dr. Miner fn tho lste rally, and his anperb style carried off his suporh mi- lacity in a monner that by contraat’ was rathor anfortuuate for Ainer. Ho is roally a roaning lion that ovarybody Likes to near, whethor thoy agroo wilb bis mentiments or not, Ho stands ap in frout of bis sudienco 5o cool, g0’ oulm, m.majestiv, with uo little heats and tempers, »ut with the frout of tho Oiymplan Jovo, ' Bomabody once called bim a great scold: but that epustiet doos not at all apply to him. DBug it Joes apply to his fellow-spesker st tho rally, Dr. Minor. Blind sdmirors aud partisans of Mr. Phillipg, fu tho faco of decided proof will. feny that thelr idol 10 over at fault in lhis sivecping .assertions. Yot Alr. Philllps bhimaclf :nlzl:u anawored & roproach from a friend who ‘sked, 4 Wiy will you, Wondell, repeat that story for srmth fu {lluatration, whon you kuow thers 18 no initth in it 2 by replying, ‘m‘l‘lluuiul with & large bruch—for tho multi- o} Could suy answor be moro alznificant? The peopls who {mitato him, like all imitators, sro not capable of imitatiog tho inimitaplo. They take instead tho suifaco oxression, and malko s bofch, * “Whon they paint mith a large brush they make & daub, Tlin. fulmitablo Woudell, on tho sontrary, nover daubs, 2 Boveral years ago when the great Massachu- woits Gabernatorial fight was gowg on, when the labor people pat up m.unfm againat Qov. Clatlin, thero wasa groat deslof this large- bruah painting by Mr. Phillips, which placed tho frionds of Ciaflin in—to draw it mildly—a very bigh-colored light, wlich they by nomeana acoopted without protest. Warrlugton, the tlover politioian snd correepondent. was touchod ol with othors, 1o the steiliug back processdr, Phillips 18 particularly ologuent always, and when be wag advertived to sddress the people on Mo political iasuo fn Music Hall, it waaamusing to seo tho plmost ungoynblo interost of anticipac ton with which theso puiticular opponouts looked forward to hearnng bim. I rewemter orfoctly woll Watringlon saving to mo os I mot im that day, ** Aren't you goiug to Liear Phillips ihur evening ?** ¢ Phullipa# No. Idido't know bo was going to speak. I was going o a party to-night." 1In thowe days I knew more of paities than of politicians. **Ub," responded the war- Uik Warrington, his faco hightwg up, * Qo to dear Ihiltips. 1t will ‘bo the greatest thing out, ~worlh & dozen partien, Phillips 18 going to give naall s tremendouy thrashing, and we nro all goiug to tako frout seatal” - Aud thoy did talo front seats, and Jistonad to wuoh ologuons, acatbing jnvective and murcasin a6 only Wondell Plulhine can pour fortli,—a tro. mondoun thrashung, indoed. One of hisn most atounding polats was swhen be wnid thet he had bewtd s rumor thab Lo wss sfraid of Villlaw Claflin, After reposting this loursay, Lo tlung s huad back, and, with that pocniiar coly acorn which Laa a smothored ro lu it, oaclamned: Mraid of William Olntlin |" Lrom auy vtbor man in tho world almost, this firact reipanaiity would ‘Lave sacmed childish snd undigtified, “But from Weadell Philips 1t was simply gomothing astounding, 4o cotpused snd haughiy o4 ho always is, ‘Aho Prohibition. lstn have got w great aily in hiw, for in apite of bis firo, pead, and fury, heis a commander. Ho cpn Joad, and thrill, “sand bring convietion, wheio olliers stmply irritate by their impudent violenan, Aud while the fight temporato and intem- perate’'goes an §n this flold the social and nrtstio and litorary avorid ie beightly busy, and & good denl of iy Gntirnl( eareless of wil promtutory Hphtd, nud enjoyfog fteelf convivially as uzual, UESDY JAXLN, THE TLOER, Is at bomo in Gumbridge writing snd dellvering his extinordinary emsays now aud theu, 'The youug Heurv, author of Rodorsck Hudsan, that B;ychnlcglcnl imporsonality, has fled away to 4 boloved Jlomo apming thero, rmhnpe. to ¥rita naw storics, which shall be full of culturo, the Romau siniosphere, but with no real per- fonages in suob atmospliere. Tho eritio in Ap- pletons’ Journal reotun to hit at youny Jamed ilarm as a wrifer and lack as & ‘moralil very Meverly when he uays, *'I'is diflicuity seems to 30 that with all his knowtedgo of human pature od Jusight Joto chazacter, Mr. James canuot tonaelvo s person,” Lrverybody is dnlIE’hecd st Mr. Longfellow's ‘\wewer lo tho Cenlonutel fnvitation, "If sumo Rber of our poata Lisd been as wivo In deolining o write 10 order, the glosa of their laurol leaves Tould Liave boen Lrighter, and wo should have :cn fpared made up velumes of **gccasioual o) - 'I" B, Aldrich ta at work on reininiacences of Ao xecent European tiavel for the Adantic, fhoy will bo wure to Lo readuble, for Aldrict 188 color, and life, sud atwosphere. Thore s & T miccass o L 5By ot b S iccous of g * Blory of & Ua b vamrant & fresh endeavor. gl . . AWL LOWKLL, THBLAUREATE 1t the two oxtremes of litoiary oxprossion, Bir waunful sud tho Biglow paiers, fsas indo- tendently lnzy an ever. Wo dou't want poems © ordar, bup phora s somatiney p stimulus o 8 Htla hiarder ucgesly for latior whigh is good Qr noet and people.; ., £ 4000 % The artiats ura busy for the' Centonulal exhis tion. ‘Fom Robingon is to Sew Enlglnud branch of the Wunect! i ¢ Chiiadebia, 1 of Pliladelpbla, otbermal, it is said, will bave soine flna“hlguw aaintiug on_oxbhigtion which will rival in skl hough'not in wize his famous Dattle of dottys. Vm. Robinson's animals will aleo make a [w show, Houry Bucon, who went from ston and has been living in Paris sa long, is hmujmu <Roof bus intesiory, ¢ Fraukiin at Tiiié CHICAGO Home," for the exhibition. A fow yoars azo, whon he wxa fu Doeton on A visit, ho mnade n mpirited liitlo akateh representing tho loaton busa apponling to (ion. Gage for protoction of Ehoeir rights upon the Common, aud his frionds wors greatly dosirons that this, elaboratod into & largo pictire, ps saon in biy Parlsian atclier, should appear at tho Ceutou- mial, Dut artisty aro crotchetty feljows, and benttheir literary brethren out nad out in their notions and whims, TUR TLATERY ara hard ¢ work. [n fact thoy aro the hardnat workorn of all the ertistcs. "Tha (11oho nas given np its Cbristmas nonsenso of * King Turko," which tvan aft cliddish show and ghttor, ard ua- worthy of Mr. onar's tatent, andia about to produes av.ther piny by tho author of * Qur Love,” called **\Yeul: Woman.," The adwireis of “OurJiwa" nroon tho qui vivo at tiin an- nounucrient, for 1 the cast of tho naw play wo hayo the sld favorites, Houey, and Marlowe, and Jsthan Couwoy, with Mies Ilogers aud yonug Murdoch, Lho *“Two Orpbans,” with Xats Claxton in her remarkablo impersonation, still holds at the Toston, It {8 n powertully acted play, vut leaves n bad impression of hmnn naire 1 1ts worst conditton, which wo don't want to eultivate in theea morbld daya of crimo. Azt isart,stis true, but wo had botter run away from it whon it photugraphs Lorrors. **Deu't exvect ons tu RO (0 ona of thoua crring [Allyl‘." said & youug litarary woman the othor dav, in answor to en fvvitation to seo *The Orpliaun.” * I object to boing barrowed up on priuciple,” L 1% i, THE CURRENCY. RESUMPTION-~THE PU3SIAN AND AUSTRIAN METHOD, To the Edilor of ‘The Chicaan I'vibune : Oioaao, Jan, 8.~In tho yearsa 1866 to 1609, through the columna of tho New York T'ribune and of Putnam's Aonthly, and in o locture at Coopor Instilute, Now York, I brosched and ad- vocated & mothod of altempiing to roaums spo- cio-payments, which found some hitlo favor among men of experience at tho timo, and somo of the featares of which have recontly beon ad- vacated by Tire TRIBUNE, to the exclusfon, how- over, of others which ecom Lo mo cesonital to tho cflictoncy of thono you advosate, Tho following condeused bill prerouts (he substanco of the plan, 2 1t eracted, ete., Thal, after Jau, 1, 1877, tho Uniled btatos notes (ealled ‘grocubncka) hall no 1ongor Lo tegal-tender, excopt in payment of debta fucurrod prior to that dato, 3. That, from the paseago of this sct, tho Hocretary of the Treammy bo auiliorized to lssue, in excaango for malil Duited fitates notes, now Unitod States notew, coutainiug tho word tedecmablo in gold, on da- mand of tho holder, at any tub-Tressury of tho United Slatos,"—eschangiug said now notes for the old at the sams rato xnd relntive voluoas gold itself would excliange for sald greoubacky ut the tine of mak- $11g suich oxenange, i, Thot all private debts contracted after the pass age of the Legal-Tenderact,aud prior to aaid 1ut day of January, 1977, boutall timen pasably, ot the option eithur of 1ho ‘payur or of the payee, ellber in tho sald greoabacka at the nominalaim for which thoy wern cnntracted, orin sakl new notea, redeemabls (n goid on demaud, in such amount sa tha groeubacks repre- sonting reard debt would purchase of gold ou the dsy | on which suct dobinr nuny actually pay such dobt, of on which such eraditor may notify auch dubtor of bis dlo:dre that uch dcbt be convortad into. snd payable in Buch Unit:d Bttos notes redoomablo in gold, 4. That, for tho purpoka of msintaning tho re- decmability in gold of the United Blatss notos no to bo isaued, the Becretary of tho Troisury koep on hand, ready for refenuo to Lho oxtant that salll Uniled Blates gold-uotes shall be yresened for rodemption, the Rrocubackn i oxchango for which eaid notcs were s« sued, and also the surplus of gold-recoits over ox- rpendilures, exirting at uny timo in tha Treasury. 6, That, after Jan. 1, 1077, tho alroulatiug notes of Ihe Natfoual Banks Lo redeamiblo only iu tho abevo- providedl gold-uotes, and I gold, subject to $ho pro- visa thut Natfonal-Bank notea iwsucd prior (o safd 1st of Jaary, 1877, ehull be deemud to call for only such & 5um in gold-notss as the amonnt they roprescut fu frocnbacks would buy i gjald at the Board of “Gold- rokers of the City of Now York at the day and hour wheu prosented for redomption, Tho thoory of thin mothod of resumption was ¢ 1. Tho dobtor-clasy should not Lave the bur~ den of thoir dobts Incroassd by boing obliged to pay them in & curroncy made more valusble by resumption but {hat the nominal amount of stich dabits should bo diminished as tho curronoy in whioh they woro paid was of iucrossed value. 80 10 toleavotho burden onthe debtor-class ox- actty as if resumption Lhad not takon place. 4. Tho greonback curronov should not Lo yo- tired, oxcert vo fast as n national curroncy re- dgewablo in gold should take its place. ‘Tals la essenbial to prevout disaatrous panice in conse. quenco of tho contraciion of tlio currancy, which would opeuo from aby mode of rotiring gracn- backs without simultancoualy filling their place by a titute, 3. It would ouable tho bLuslness mon of tho oountry to becomo fudebted {u gold or its oquiv- ulaut befora compelling them to ‘uy kold or its cquiyatent. Now nobodr owes gold or its equiv- alent aud honce onturnliy no ouo wiahes w poy what bo does not ove. 4. It adopts tho policy by woich Rusala nnd Auntris 10suncd specis-pavineuts somo thirey years uftor tho clodo of their wara with Napo- poloan, which bad placod their fogal-touders at o discount, Their rosumption, in ootk instances, was without any devangemant whatevor of buai- ness. though tho old curconcy ol Austria was worth in_gold but 60 per cout of its face, aud that of Russia was worth in gold but 33 per cent of ita face. Resumplion, in Lo:h instauces was effoctod in a mouth; and, if tho samo niothod of roanmption wero resortod to horo and nov, it conld as casilv be effected o March noxe ay ot any subkoquont date. 6. ‘Tlio only diiforenco betwaon the avplicabil- ity of this motbod of resumption in tho United Binates and in the two European countrics named is, that, in Rusain snd Austria, if fivo uxelljgont men connectod with tho Governmont could be brought to concur in its oxpediency, it could he adornted and carried out ; whilo hero it roquires that the constituencios of n mujority of tho mewbers at Congress shatt bo belioved to concur in it beforo it cau bo adoptod. QUERIES AND OUJEOTIONH, First, cau the Government muininin redemp- tion ou tho now oarrency which it will put forth in place of tho oxisling currency, uccording to tho ubuvo plun? Why not? Tho prosant currency is worth 87 cents on tho dallar, though it 1s not, 1o facz, re- aeemed by the Government at all. If it wera retited, and 87 per cont of Lho presont volume of currency took its place, an would oceur undor the abova pla, the saulo umouut of credit uud con- fidenco that would wainiain $100 of paper cur- tancy st a cunent valuo of 87 por cont would aintain 847 of paper-ourrency 1f rodecmablo on demand at par. When the subntitution were made, find busincss had been adjunted on tho new basis, resumption would have taken place, with- out taxing tbo creditor or {njuning the debtor clas, Austria aud Rnesis fodud that they could raure, iy this maoner, frrodostnablo ourreucion wusth respectivoly J3 cents sna €0 cens on the dallar, nud substitate for them new ourieucion rodve lo at par, and maiatain the redemption until thov wore fuvolved in uew warw, vi: Auatrla {n tho Tungarion and Russia in tho Crimean ware, This 1alsos s prosumption, at Isast, that wo could maimtain redouption until our next war, whict wonll o8 long enough ; for, foug Lofore that would ooour, u Fres-Hankiug Hystoun, redeoming its insnes [n gold or its equty- ulent, could aud would Insue curroncy enough to rendor tho withdrawal of the gold-uote ourroncy Dy the Govarnment, o wora sffair.of payiug oll & dibt; wheroad uow it is uot tho inconveulouco of payiug tho greoubacks, but the catastropho ot contracting the clrouluting medinm and pro- dnoiug uutold fiugucial distrows for want of one, which forius the supremo ditfionlty in tuo way of reliring tho axisting deprociatod grroanback, Again, any bank having ultimate awets equal to ity habilitiea ca, 68 & Tulo, masnlain redomp- tion on from five to weven dollary of paper for every dollar of oash in gold whial it keeps on hand. o long as the Governmont's recolpts exceed fts oxponditurey, it fs n molvent bank, aud, baviug wo opportunity 1o insne the Rolde notes above indicated, oxdopt fin oxclauge for Rrooubaguy uow 1o circulation at the sutes aboye indicated, or for gold, the Qavernmsut wouid recoive gold valuos for overy doliar of gold-notes issuod. This wonld make 1ta capacity to redesry it3 gold-uotos reat ou the eame basy nu its capa- city to redeom tho gold-cortiticatea which it fing isvued for vortaiu purposes eince 1861, Lue oxperiment wight, if there ware suy doubt, be tried tentatively, Buppose the Goy~ ernment bogins when it biss $50,040,000 of gold i the Treanury, No ona would doubs its sbility to yodsam this e in gold-noted; sud few, thorufore, would call for thelr redumption, ‘It insuos thom iu wxchauge for $G0,000,000 of greenbacks, When it had beocome certain thav out & tnthing proportiou of notes would bo pie- souted for redemption, 50,000,000 wore are fesued, with the hike result This could be con. tinued until tho bayks gonorally wero redcom- ing their own currency in gold-notes or in gold ; and, the eurreucy of tho bavks and of hustunsa lnvfu.- beeu brought to this elandard, frose Lauking would do tLo rest. Tho Government tight retire its gold-notes s fust as i¢ should procuo tho mosvs to pav them. and the act would prodace no contraction of the currency, a8 the notes of tho Natiooal Banks, also redoen- ablo fu gold, would taka tholr place, 1 regret to #00 that, Ju your rogent platform of resumption, you omis 4o {noludo tho very easen- Ual foaturo of & gold-uote ourrancy to be isausd by the Goverpment in exchange for the Emaul.. st sotyal valuen, and f0 bo retized wlem tho goneral busincas of the country shail have ad {nntml itdelf on the pold-basie, Without this bridge we cannnt, by January, 1877, nor ln & much looger period, anan tho gulf that lies bo- tween un and resumption. Mout of the plans inrcoduqed fntn Congress are tounded on tho Lustistr pracedont of 1419- '22. ‘Ihat precodent imall-ndapted Lo our cane, a4, during the ontite suspepeion In Eogland. debts atll continuad to bo inzurced in gold. Notwith- standing the Inability of & fow persons to ace Lo distinetion, England's act-forauspension was not n Lagal-Tendar azt, but only an act to defor tha ccliection of dabt until go'd-paymenta atould bo resumed, lance hor people owed svocie, Ouradonot, 'Lhe firal step lopically tonard the resumntion of spocic-pavmonts shonld bo the incurring of .anrccio-labis, ‘Tho ouly palpablo inducemant which will eaueo tho proplo to incur spccio-tobts will consist 1 pro- viding tho peopio with a papereurrsncy in which speclo-dabts. If incurred, cau ho paid, Let tho Uovernmont do this, and the people will contraot with oach other fo° pavinent in rpocie or its equivalent, g ld-uates of tho Unftod Btaten. ‘Lheu the pold-notos may be .retired, avd, under frao bankiug, privats notes, orqually rodeemanto In gold, will take their placo, aud the counlry will nave resumed. V. B, Dexstow, FINANCIAL HISTORY. To the Pditer of The Cliedan I'ribune ; Cuicaao, Jan, 4,—A brief slioteh of the flann- cint history of chis country einco tho present century cummencad may bo {otercating and profitablo to your many readers. Uhore ara but fow business-mien whoso cxperionce, or even mnmory, covers mixte yoars, or oven fifty yoars. Wost of our business-men aro now foss than twonty years, and nearly ail lesa than thirty yoary, old fv businass. Holomou. the wise man, esya: *Tho thiog that hath beon, 4t -i8 that- whicii - ehall bo;-ond there {8 no new uothing under tho sun.* Porhaps ho bad no reforenco.io Amarican ‘politios or* fivances; butitis & correct principle that tho eamo caudo will prodico the samo oact always, when all conditions sre the samo. A axillful vavigator, when ont at rea, nnd hav- ing no compaes to stecr his craft by, nor object ahoad to slesr to, knowng the pofat of tho com- posa Lo {8 o, Will stéer his craft successtully by its wako left behind, The Intelligontand pru- dent bustness-man will czarcoly ignore his past business-exporiance, *the wake, ho.left hohind, nnd dash into untried projects, but will most surediy avoid tho rocks’ and vand-banks tuat ox- petjence ias ravealad to him. Duriug thin, tho nivelagnth centurs, wo bave had four great lluagclal.crises, that may bo called national, beoause they -hiave roached .all branchos of businees, and all great nntional in- duotry, and all paris of ‘tho country alike, TIE CRIAI3 oF 1517, | ‘The first great crisis occurrad in 1917, the yasr that the writor commenced business for himsolf. - The war with England was daoclared in Juno, 1813, James Mndison bewng President. ‘Tho wrilor enliated ns a woldier in 1813, Thoe famous battlo of Platteburg was fought in Hoptember, 1814, sud peaco botweou tho two uations was wegotiated in tho winior of 1814 or spring of 1816, Tho commerco of the country .thon was mainly confined to the son-coant. Our internal comwmerco wns too lwmit- cd fto bavo n opamo. Utlea, N. Y., was tho mout Wostorn cown of any_bisinoss- moment. Syracuse was thon a codar-swamo, unthouglit of a8 a town or city, ‘Roolestor had twenty houses in _it. Duffalo, n small sitlage, bind boen burned during the War,:snd thero was 0o liartor thero. At this timo thero wero not as mnn{ Roods sold o go west of Albauy as ono sluglo firm in Chioago salla now ; oxcept, por- lapa, the American Fur Company. who liad pen- otratad the Westarn and Northiwestorn wilderne s nearly to the Rocky Mountalns, and.bad eatab- lished troding-posts about -tho Vestera -lakes and rivers,-where it exchavged é{m}ds for fars with tho Iudlans who than reamed at large ovor mast of thecountry west of Olio. ‘Tlho War gave & great apring to tho then llm- ited businesy of the country, and tnduced apecu- latlon, high and extravazaut pricos of things, apd excoswivo issues of paper-curroucy. The 8cason of 1818 was & vory cald one, and rraps woro not half the usual .growth. Al those causen culminated In 1817, Banks suapended #pecis-paymonls, aud a goneral fluancial crisis followed, reachilig every intorost, and pervading - every mection of the country, Although the business aud the scttioment of ‘the country wero - limited compared with tho present time, yot thp rolation of propsrty o proparty and to’ monov. was the samo then that now exiats, The irsnes of panor-curreucy woio 80 large that they could not ba floatad or earriod in circulation by the specio in the conntry ; paper- curronov and specio had got out of proportion to eachotlier. At thissuspenaiou ju 1817, the banlk- iranos of papor—all the banks of the.country aggregatod—oxcesdmd n small tritle &3 in papor to 81 of spacio in their vaults, “‘'he firat work of the bank was, not to help or take cars uf thelr cnstomers, but really to oppress tiom by calls for naymont, in order to strengthen thom- selves. Ball-protoction was their theme anu effort, Lrivato bankers and_ spurious banks went to the wall, and a very largs portion of purchases of roal estato that had transpired witnin s fow years, on which port-pavmenty were mede, went back to-'the soller, and tho purchssor lost his advanced pay- ments, In {his way many & man, who thought hitagolt well to go 1 1816, found himeclf bank- rupt in 1820, ‘Tho shrinkago in valuos of il sorts of proporty was so rapid and 89 great thac tho man waa fortunate who bad a margin suili- cloat to carry him to 1423, when businoss aod banita wero fo ndjusted that thero was apparcat o alight revival, 1t took five ysors of decline of pm\lsny to 'reach tho lowest point. Lighteen huudred and twenty-two struck bottom; tlia brought the country to soundings. During theso five yeara I was monufactuning ealt at o lo town™ ealled **Balt Point,” now the Fivst Ward of tho thriv- iug City of Byracuse, then a cedar-swamp, too Aoft to bear an ox in the summor. In no small pottion of that five years, monoy ‘wa8 50 Bearae [lm. of tho 100 men onwarod in-boiling salt, or, in othor wotds, tending the ealt-block (an thoy were cclled), not one was ablo to got cash for bin work. Tho salt-buller got one-fifith of tha eale for tonding Lia block, Farmets, for:100 L0 200 tnles, camo with toams and faru-graduos ‘| 184! to trado for thoir londs of salt, Not oue 1 fifty broughit monoy to yinv for it. A visiblo but s slight change in improved trade and conditions sprung-up with 1833, Banue had adjosted thowmeolves, puch -8s wero sble, and redeemed thole billstn specio s wanted, Thoro was then & TUmted Btutos Bank of H.000,000 capital, with bronclies 1n alt the largo cition, which, after this, seived to hold (ke Binto banks lu check in their iesues of pupor; henco busiriess was oarefaily wanagod in all depart- monts untl about 1881-'2, 1In 1828 Gen, Jocksvn was clected Prosident of the United Siates. Ho was axcondiug hostite to this bauk, and to Nioholas Biddle, Presidont, aud othor oflicars of tho bank aud brauchos, Soon aiter his cloction, his lostity began to disploy itseif, and conttoued strongor and floroar, untll, tu sbout '32-"J, he bud tinally caussd its winding-up, Thoto was & branch in Chicago, The Hon, J. Y, Beammon, theu a young lawycy, and attorney of tue bauk, can bettor teil whiero the asvets of this brauch went than I cau, or of 1ty poveral Tusults. A As this United Seates Bank of $19,000,000 cup- ital must withdraw it circulation, oact Krate Legislature, iu order to supply ite place, falf to, and each chartered bauks simultancously, the apgrogate of which nore than doubled tho awount of baok-capital withdrawn by the wioding-up of the United States Liank and branchos, F'hus Htate bauka wore muluplied. Hoarcely a town of -any 6tato that failed to got & bauk-charter. ‘Thew followed organizations, aud then paper-issucs of mouey. Tho bania weéra of no valuo without cusfomers, Every bani hud wooey to loan, aud borrowers wero sought and inyited, * In this way mousy becawmo excecdingly plenty, THE chimig op 1837, l!zfiinulng with 1834, snd ouward through '36 aud ‘U, ioorossing i quantity and epsier of at- tatnment; s ppurit of epaculation and-adveuture growiniz with tho facilities of getuug suet tho nbundance of money, men, becoming wild with- hope and prospect .of suddon waalih, dastied out iu land, oity aud town log, and town- ko spoculation, eo that, in May, 1837, noarly all tho banky l};‘(hn savoral Btufes suspendod specio- paymeats simultapoously. [le fact was, per- #ongl jndebtednena gut out of prapor‘ion to the paper-mouoy, and pluur-muney KOt oul of pro- bortion to the com in bauk or in’ the eountry, "Tlie coin was unsblo to float the paper, and the paper was unablo 1o iloas or carry the pei1sonal | indobtodness ; aud 1w sdav, 183/, all went down togather. = Tho publio 1wd became for @ tmo hzzy, or like & mlirlwind, 40 pusdden -had boon the crau, dizzy Liesghts of tbo trdo of 1830, ilwndrods of paper-lowns, and the high bopos that in- spirod tient, died out {uatanter. Hanks could uot take cara of theiy recontly-fnyited customers, but clamored for pay. Duoring the procoss of adjustment, more than haif of the treding and business men throughout the conniry failod in tota. Very uearly all the town and city lots that hiad boeu puroussed duriug these ous, two, aud threa y wout back to the sellers, in mavy canes, through wexeral handy to the first owner, The sdjusting process went oo from year to Jear, eachi ouo pevesling pow falluzas ad groater RIBUNE: SATURDA JANUARY ¥, I876—~"TWELVIS PAGIN %0d 40 grast tho fall {rom the. loanes, until ‘1842, when farm-produce - fonnd thn lowost piicon mad property cama to Its lowest level. dound bunks bad elowred un and wnry doloi business ; weal ones, as tho saving 14, had gono up. Five yeara wera consunod 1o gelting dawn from this linaucial psoer-ourrency suinmit to tho jow vallay of a spacle staudard, ‘Ihe writor « a8 & participator in this changs, and, being Iargely fnterssre:d in basinnes, ronl- {zed In mind, feciing, And affort, what ho \rrites. s involeo in 1830 wam $214,000 ; aboat Lslf wag monoy due, sud the cthior half real estate. At onca be quit buniness and sel about clowing up, and in 1539 bad overy di llar paid, and an invoros of aseeis left of £12,600, This may vlu-trata tho genoral falling away of tho suppored wealth of wrlividit-1a In high limes,—of paper estimaten to thoxe ofiactual comn, Luring thase fifteon to twenty vears, (o070 Bmitn, & orivata baukor in Chicego, thrmsied tno banking facilitien for thin cliy, by ao insue of billa of an Insurance Cowpany at Milwankea ; and, £o bis credit be i 2avd, Cuneaze wan_ nover E"“"u’ accommudated fuauciallv thau by George mith, TIE cnis op 1857, “Tho vosr 14i2 biing tho lowast and dullant Fear, with 1843 businany bogan to revive and eon- Hdonca to recover, From thia tima omwatd tlicro was 00 ganeral preat changnin finanoia) ffarra unt 1857, ‘Thin comes within b memory of a tlarge portion of thio business-community. Who financial crisy of .this voar beoama gen- eral aud -national, ks -tke two provions ooe. To the busiuoss mind then, and aven now, there ‘appoared no real 03us0 or nozessity in thecone dition of the country for it. True, Illmuis banks and their finances were in o bad way, and at o groat dikcount for mpecio ; but the countiy ot Jarge in its finances was unsuepected of weak- ‘mose. “But an fnstitotion in - Cincinnati ‘bmst up of o euddon, and thw apread liko & prafrie-firo over the land with monoved men and “banking -institntlons, and all as ane took fright and alarm. Tue fear of Stato banks that issue two or thrze dollara in Lills Lo one in specia in thoir vaults, is alwavs that they will be culled upon for speclo-rademntion ; hence they bewin to contract at the first slarm. -Banka with an Is:uo pagable 1u coin are_only good and «useful i fair weather; in close financial times, tueir feara andactlon only add to the common distress. All tho causes that produced tho crisia .of 1857, which lasted fivo venrn, up to and in. cluding 1862, wonld not havo croated a ripple in the business of the conntrv If cur prescat fimau- clal system bad thou oxisted. THE CE1STe OF 1573, itho lant and Dightest, started in thofallure of +Iay Cooko & Co. in ‘Boptember, Tho reason of its bocoming goneral was, thit there was too uch dobt of thio country for the money to float a1ty ; B0 the greatest dobtor fafted firat, aud 1all-who wero oul of balauce, who owod too much Idebt for their reeaurces, had to follow. How loug the bard times, as thoy callthom mow, will laet, :I don't know ; . it dopands much jow the peraistence of tho people, in and out of pover, for specic prymonts, “Bat for the pound- ness of anr currency, and {ts quactity and roli- sbllity, wo might buffer .all fim dolay and leba that the 1837 “and 1857 crises subjected tho country to, In 1857 the crisis falled tho banky. In 1937 the crlsis failed tho hanks, too, for tha time. AL each of those, the hanks hind more than €34n bills 0 1t to&l of svocis in their vauits. 'Iho esdeis of '1857, catisoloss ag it wan.in reality, lika the two rnvmu!, spread its pall ovor full five yenie, np 0 1862, and e might look for the raine tine in ‘thisbut for the dear comsolation that naw we hmve o finxnes Luat doean’s phase or succumb to fright or pabic, Now, to close, permlt ma to ray, aftor almost wixty yoars of exverionco of yractios) business it Chicago and sbout theso WWeutern lakes, that thera hins never been ten or twaive yoars when thofluance of the couniry has bran so settisd, #0 eound, Ao reliablo without fluctuation, aud so permanent in use and supply, sinco tha War of 1812, ns it hine beon for tho last tielvo yenrs, “Nor bias tho preaparity of the country over boen equaled befora? Yours, ‘I, rcsaronn, A "MEADOW-PICTURE, Suasbine warm on the falen hay, * Cool the breozes bencath tho ehade ; Down tho meadaw, away, away, Merrity bummiug, gocs tho matd, Who biax threaded ¢his riyer-path, Rank with willowa, nnd sweet with song, Riek with the 8:20t of ths ripe, brown swathy ‘Whistling au air aa ho threads slong 7 Teet that mavo to the aeltamamo timo Hoct, at last, by tho self-samo hrook tern ¢ a Auakiliko a voso tn Jure,— 13 s & faco lako an ‘open book. 3ute, cvasivo, Ler pall aho tips, Dafntily pofslug fis honest brim & Under the cryatai tios wilo pains dipa Only & half-way glanco at hiw, Tondurly baldened, lovermis Hpeoch takes birth on his woolng Upe; L1 t# wiio os each otber'n eyos s +Over the Lzim tha fres tide slips t Trills 1o [azk *mid the kneo-Ligh grars, Up in the pasture nipos tho Juy ; Al s th secret, tho bees huwi put,— Nu ono tells what tho lovers say | Only the coy winils, toasing, shake -Over her Dlushes & flosy vall : Tp tho meadow ko goek to rake, — o tho meadow s beura bof all 'The TorteresChnmber ‘in -the 'Ruth- f2oune nt Bntsbon. Paesing Llrough sovoral narrow pasaages, :closed by etout doors, wa camo Lo the torturo- :chamber, where tho-implamenta of persunkion of the Inquisition or of private tyranny aro still ipresorvod. Outsida tho entranco of the narrow chember is a'bench upon which the victim was -aeatod in order that o miglt reflect whethor Lia ‘wauld confesa beforo torture or-after, Ono sido ‘of the room is a lattice #creen, belund which the Secretary sat at o tablo to taio down muy ox- clamation wrang ‘from tho sufferer. Within aro eeots for tho Judge ‘and surgeon, who attended tfrom miotives of inbumanity, ju order thet the ‘victim should not Lo too soon roleased from his -sufferlugs by death. Tho room looks like thy ‘lumber-room attached to a farmor's woodshed, or rather liko a ehenply-fitted-up Rymnesium, At ono end 18 a plllory, with an ‘iron -band for ithe neck, that once atood in tho public square. Lving on it wero two pieces of board 14 a0t long, each ploroed will threo round holes, 1one for tha neck and ono for oach wrist. Thuy were pat, #ald my gwde, upun base women. Two of them, yoked withh thi lnsignia of their ‘disgrace, wuro couylad topother and lot go inthe sirect, & warning to all frail and jmportect ho- ‘ings of theirvox, 1 saw no suoh badgas for mon, Ono:of the justriments used to teach ‘o the besuty of holiness was s ladder, tho rouuds of whichare sharplv-trianguisr aiicks of wood which Tevolve, ‘Itie recusant was diawn up and down thls Iadder by u bulley, his back sbraded by the revolviug ‘prisms of wood. Another machiun Is a stretcher, uvon which tho coodemnod wus luid, bis feo: 1astoned to onoend :and hie'arms tied (o a ropo which persed over n windlaes. Under his brex wan arollor srined with bluntsiikes, ovor which his vertolirm wera drawn baokward and forward, Tuo playful in- gimsitors cullod this masiino the * farde§ hara." 't‘huru 18 alro & tramo wish a wiodinss wnd crana for bolding s man up by his arms, Two big stoties, which weigh over 100 pounds oach, wero tled to bua foet; and whon Lo was dreawu np to the ceiling ho was suddenly lot dro[n and the Jork would ~dislocate ovory eockol, Somu. Umoa his fost wore seswed ‘torings in tho floor, aud he was deawn up till all his joints cracked. ‘Tho 81000 weigiits wore also used n o differcnt wav, Thers i o choir called ‘tho ¢ Muidau's Lap,” the seat af which iu studded with a hundred woodon pias ; $he victimsat on tlus with the nlone weights in lus lap, **The Hyauish Ans .18 o ulmJ:lo board 35 moliew wido net upught -in & standard. ‘The upper end 18 sharpened. Upon thus thoe patient st astride, with tho big atones attached to Lus fect. On ono :8lde of the roous 18 & recess i the thick wa.l, ba- fore 1L & noraen of wasonry with a firesplacoinit. Tue condemued atood 10 the 16ceus, which han . ‘no opsuing above, aud was slawly or quickly suf- located or rousted by tho smuke and ‘hest. Any Now Jugland bov who has been jroperly brought up on Fox's Baok of Blartyre, undor- stauds all about the tack snd the thumb-rorow and the regutar ‘apphunces of tustnge, Iut 1 confess uutil I maw those machines that 1 uad no iden of the deviliny iugennity of the old mns- ‘tars. ‘Instruments {ss that thoy oro intonded to huri. ‘Thoy arv rude, uupolshed, the chamber is moan, It is not even myeteriqus s the whele thiug ia vulgar and disgusting.—Charlea L, Warner in Hartford Courant, e ; Thermamotricas, Havigord Courant, ‘There ja & case in point hore of & metsorolopi- cally-inolined postoan af Hartford, who hxea e idoa of the day's enld by s particulur ther- “mouieter that he viaits overy morning n the line of his duties. Pitviug bim, tho owner of tho thormomeler regulurly on cold days warms up the bulb just as the messenger arrivos in sight, and the satisfied wayfarer huan't beon rewlly cold yet & wingle morving, His evos prove to hiwm that it would bo foolieh to faol & conditian that doos pot axiet, fo bio docen't feel ft. Aud a defective thermometer bias boon kuown to kee, family cold all wititer, to cause saveral extra tons ot coal to be burusd, and to lead 4o s ruplure with tho agent of *tLe boat furnsce in tho worjd.” What especially impreavos vou about thoir .| RELIGIOUS. Wiy Caristians Observe Sunday Inatead of Saturd>y, Fraud Perpetrated on the Ameri- ean Tract Nociaty, Bunday-Bcliool Leeson for To-Yorrow, SUNDAY, WILY IT I8 ORSENTED, Totne tilttar of The Chicaan Triouna: Oax Pank, Jau, 7.—A porsun algning hime ar “Lavmnn " bias rosently beou rocking for lirhe on ba Sahbath qua-tion through ‘Tue Tarneys: 8 vory axcellent nlace to ook for fuformatiou on most sabjeets 3 but, judweing trom b letter in your lass Sunday wsuu, he scomn not 1o have had all hin darkness dispolied by those wise bave un- dertnkon to opan s eyes, Tho Sabuath quos- tion may be oither very eany or vory dilliculs of ralation, deponding whollv on tha preconcop- tions, prejudices, bavits of tbousht, and a multitude af otber mental conditions of tho peraon addreesed. It he lms from carly youth - ftmbibed tha prevail- ing orthodox and popnlar conceits on tho subject, and If Liey bave grown with Liy growth and atrangthene:d with hia strongth, ns is usually tho caso, it would Lo & shicor wosto of time and effort to keok Lo give biim auy iuformativu, 'Tie mindsof most men, even mon of mora than averago intellizoaco in other respocte, are ao satarated with the ourrent teaching and beliet in regard to tho Sabbath that ic is almost m- nossiblo tu get them out of too fog and hazo in which they have dwolt 8o Joug. Tho burdon of ** Lasman's " inquiry as pres- ont seeiny to bo sucetsutially thin: When and by what authorty wos tha change malke from tho seventh to the flret day of tho wesk? If ‘*Lavman ™ and [ conld azren on o faw prelim- [naries eusentinl to & right underatanding of the anbject,” 1 iavo no dount I coxMd give him o sat- isfactory answer to his inquinies, Mou can nover reach Mo coactueions tll thoy can aureo on thepromires, Dutas ** Latman cauuot ba Euppored to give or withuold nasent to Jrelminaries il tbey ara ktated, [ must wisto thew, and takefor gianted that hoBgroos totheir truth, Let mo eav hiere, that I am not at presont soing to entor into any argument or labared da- feneo of tho-statements’ I mav make, ‘That swould not Lo in order here. Dat if nerailed. I feol quite oontident I could mukea paskasly good arzamentative tight in their favor, My tirst statomentis this: 'Fhat tho Mosaie or Jemmh ‘Bablbath was given to the Jens, and only to them, and wae not obligatory on any othier peopln, and was not observed or re- eardod by any Goutilo natiun, So far as it -was " Llessrng, and to what ox- tent, or in what eomeo that was true, | will not now jonuiro; 1t was tho proporty of tho Jews, Ingofaradit wan 5. yoko on hiy neck, 1tkeormo and burdensora, he'and hoe alany -wng comnelled by tho la:r to boar [t. It bad no diract raiation or applcaticn in & legal sonwo to 8oy haman being ouiside of the soed of Abra- biaw, except to the Guntil who by adortion bo camo 8 Jew. ‘Tam anarc liere that ** Lavman " or domo ‘one elso will ba quick to moot this Btatemant with tho- declaration of Chuist thiat “**the Habbath was made for man ;" thus proving my atuertion fotse, avd mnling tho Ssbbath an Institution anplicablo to the entiro race. ‘he auawer to this is very esav, but -1 - wiil not do- vlate from my porpose nat to enter iuto argu- ment or . esposition bere. II *TLavman” can givo Lis aswont (o the statoment ‘made, tuat tno Mozaic Babbath was bimd- fng ‘on the Jow cxclusively, aod bad uo leenl or ubligators application” whatover to any Genttle individual, family or natiun, ho has ‘progrersed at-lenst half wav towsrd n correct ‘understanding of that part of iha Babbath quettion fuvolved 1o his Inquirs, viz.: \Whon ‘aud by what authority was the change made .|/ from tho seventh to the fieat day of the weai 7 Let us now turn onr nttention to a fact of Christianity and glanee at its relution to tho Christian gyscom, aud the prominenco it beld Doth 1n tho weatem and in_tho enzimation of tho flret Christisns—I rofer to tho resurrection, It was regarded in tho firet davs of the Church, snd haa been #0 rogarded ever finco by Christiavs, ns & fuct of transcendant interest wnd importauce, ilow- ever skoptics and doubling scientista may think of 1t, however wythica! tiey way esteem it, tho Chrltian glorios in the resurroction, I think their glorying fs not 1n vaun ; but my busmess at prosent I8 not to oxprees any personal cone victions, but to look at the matter in roforence tn ita influenco on the Babiath, 1t is instinctive 10 luman nature 1o eommemorate froat evems by celobrating 1n some sppapsiate manner the day uf their occurrence. 'Tuiw the Uhisstinus did by meeting on tha fiest day of the week for worship, saerutnontal coinmupion, and Cliristisn followship, Tie wouder 18 not that thoy thas abserved the day, but the wounder would be had they not d.ne it, convidering the estima- tion iu wvlhich tho reeurrection was held by tthom. As tho _Qo-pel spread, the ab- ‘sorvunco of tho Lord's Dav, as they prop- rorly termed it, kept pacs with the progrors ‘of the Cburch. In short, the observance of the ‘Jirst day of Lho week ns & day of worship and ‘Unristian 1ejoiciug bacame a Chrietiun iustitu- ‘hon, Dues ** Lnyinun,"” or any one who hirg any just apprecintion, even Ia & goneral wav, of |Chrietiauity, objeet ta it? Surely mot, for (pre- suming Christianity to be true) it celevrates or commeimoiates the grandest ovent iu the world's iistory. Dropping this part of the snbjoct hero, lot us conrlder:tho elemonts that conatitutod the early or iiret onrches, 'They wore Jowx und Gentiles. Tho tatter fn embracing Cliretiamty reuounced his Pagan worship, his gods and roligionn cere- montes. Tho Jew, of course, did not_seuonuce tus God. for hé was tho ssmo as the God of the Chtuigtian, On tho covtrury, he took with lim mto the Church, und souuht to foroo thetr obiorvauce - ou tho deutile, many of tho legal duties and obligations of Judatsin,—capeclally clrewnelsicn and the Habbath, But Paul and other Aposiles op- porod this tendency so lirmly and permstoutly ‘that, though it caused somo auxioty and no little coutoution, tho Jows nmvor succeeded to any great extent in ingrafting either of these coro- imonials on tho now vrder of things. After tho ‘deatruotion of Jerusalem ond tho dispersion of fthe Juws, but fow ucquistions were mude f20m itheir rauks to the Cutistwn Church, ang the Jows consod to exert anv marked intlienco or to Ibo a-disturblee clement. - The Bublath they isought go per-istently to totroduce dropped into robacnrity, and consed to Lo any longer the frint- :ful sowce of atrifo and déhate it ind been, Tho iGontils qonvert knew nothing of it, wnd cared ‘nnting for i, 1le had not grown u»uodor a ISabhuth Jaw, sni'he bad no reunect for it, oulv iF0 farnn tha Jo vish brothor mizit be able to convinco hin that ity onservanco was o duty. Need I uov for **Layman's™ benetit draw out «in dotail tLo obvious concluwion that thero usver was unty chanuo feom the seveuth to tho first ud toat the tvo days have uo connection ation to daoh ctber 7 Ono was o purely vol- ¥ 0)mmemoration of the rewurr-ction of Ourixt, having no legal forms or saaction, and needig nono, nothing but the impulees of lave and veneration ; tho other & legal, formal, nigid mstitution, with dea i an the penally of its vios Iation, lipusad npon tho Jows for an expedient purpose, Rad dving when tho ends of its being waa _accomplished—tho celobration of tho Lord's Da, was an aMair ucteily Indapondent of the dJewish Sabbath, and would, no dusbt, have heon ubsurved an it wan Lad thoie novor been & Jegal Subbath at all. Thoro was no wwapp ng, nor trading, no substidution of one for the othe rer in any runas whatevar. ‘The:tuwo institntions :[imre witerly unliko 10 avery esseatinl featuro ; -and, tbough theologians hikve lnborad and still ‘Iabor with a zeal worthy of a bettor cause to harmonize thom, they cannot but feel that their labor ias bron to & good degroo i v, Oil and ‘water w1l not mingle, nor will tho old. worn-ont Mognie Habuath be ever forced mn:o a creed with tho Christian systom or the progress of the nine« toouth coutury. Mesis, e THE AMERICAN TRACT SOCIETY. ALLEGED FRATDS IN ELECTING A TREASUNER, The Mew York Jlerald of Sunday has thu ol Towugs Tha Qoscreer condennes from the Conpyepationalints sket. b of & plous fraud Whish wanjer, 6 Fited upon tho American Tract Buckety (laston) hant dune, Tho facts ave been mads pubHe now Lecanso tiey Luve Aud wlat makes tha fraud como Vefora eivil rourt, mora eprelicueibe §s (hy ona of tha “Ligler Iifo vo a0 many lyfug around looky fn ull tha dvuominalions, who are neither useful uor oFuazL.cuLa) to nny, and tho furdber fuct tkut ho Was an_otticer of (ha Socluty, It ‘appuars that last Juno s tocotlag of thy Suchty ‘was called 10 elect o depositary fu the place of Mr, Brough- {on, who biad previously boen reioved by (o Execu- tive Comuwittes, A Tic.aurer was to bo clcted also, rpetraty . J, Wyuth~ Coolidgs wus the Awfutant Trovs- e, b Th. coveted”the. vecsun Trearursubip, with' its salary of 2,000 & ywr. A Feepousis Ul pentloman’ fricnd bf tho ‘Society wes willin 100 Fetom e Uiues of Tresmrer withou ealary, snd, leat bu abould get tho josition sud otilee, .Mr, Qoalidgo purchased yotcs eoough a1 $:0 each lo clucy Wlaclt, Andy belng & “aauctifed” ma, Le usad monoy given Lo tha Boclely foF uther purpoats to wecura bis own sclfab end, Among the how vYotlg ‘members of the oty wrrs " - e Y WTTQ many grocars’ clerks, mo. , anl young ‘men oscupwing eapseiebin pocttions, it ahnie “Arenlduin lod tham (o take inter.at euauh In puch a ook ty to purchien the right of menieralin or to ottend fte mestings, Nearly ofl the young wen employmt abont toe Trut Hours Al fany Geronel fricuds "of the deposed onl i3l shel of the “higher Hle® ecindidaty wore alsy preent, nnd when the Lovie wers azimined W provel thet 10 mumes hul been cutersd i the Windwrting of Mr, Goolldge na hviog Lesn constitnte § ife memnbers on the fast two duys of the financial soar. Tuin led 1o un_ fuanlry, Whers dil tlic uoney coma from 1 Se. i, W, Mor Lo sdvanal £5.9.0to tho Hacloty, 1o by rotirned to i on cortain conditione, These wera et comJiml with, and b wized the Siclety for his inonay, auwd 2 then came out tuat pact of (b wan apyliod (o tie' i nof icture of <how s sotorr, whi would take Mr, Caolidis Trensiicer] Forttier stul, thy iate"Sr, dutis Tappan lisd giyen 010 tho o fety for the jabit s fon of + 114 tracta, aul, after re; e g mlgesnd'n s n of Sir. Tay teen srosited Lo placo ecrtifn name: % LeLa. fity nicnibers o virtae of tist don <l M. Morvil o' mot -5, raya the Dlearcor wna frand, sod the use of Mr, Tappan's auonl Atk 1he whole transa ton utlorly wnjustifialle, © mattr win couciuied feom the Lxscuilys il wan 1 Lt i could e thxarted f e0-ure the ani e 1l n oa'ny i 'Kus Obaerer In will- fug to conc do much mare than wo would—namely, tust the cazitriver aud Cugiucer of bufn 1 19us (rand 13 courcientlous and thiuku 11 dolug (o 1 service by thus promoting the julivation of " Higher Life o iracts, and that tho end san the nesns. But auch transas tious, adddn our_conteniparary, sro frands ulent, tncouwistent with railgiou or co.rvn moralty. Audl, whetner perpetratad by men of liguer Lfs or lower 11£e, by Riltits oF winucrs, there 14 an'y mio placs where the perpetrators beloug, sud that §a ot fa tho Church, —_—— THE SUNDAY-SCHOOLS, LESSON FOR TO-MORNOW, I. Sam, Samuel bad gono to Mamab, and came 0 inoure to seo Baul, who waa vet on his throne. He had been rojected and left to fill bLis enp. “Samuel wourned deeply at Baul's ning and 'rejection. He koew that God's drcimion woa just aud right. Iie may have folt that Naul would yet repent,—would bo more obedient and moro truthful,—aud God would rostore him to big fasor. Dut it was too late. ‘Tho irrevucable decision of Heavou bad been prononnced, Uod censurad Bamuel for uscless ropining and mowning. e ought to huve yielded at ouce to the Diving will. 1o ought to have dried up his tears, and attended to bus official duties. Bamucl wa noarly a perfect man, but, like somo viler good men, ho bad somo weak points in bis char- actor. o itscems that gven inspired men aro not porfect, ns Corist was. Boyo perfect, ay sour Hoavenly Fatuer is perfect, 8o God said to Samucl, You have mourned loug envugh over my tojection of Saul. Now I bave vilicial dutios shat” domaud yout attention ntonce. Ihove b successor in my mind, It in wiva to have him prepared to'take Saul's Pplace fu case of lus deaih. Ful thy horu with oll. and o to Jeado at Bethichem, Lphratay, 6 fuifes eouth of Jerusalom. I bave welected ono of uis wous to bo the seccnd King of Israel, Jesso wad prandson of Bunz sud Kudh. Samuel seoms to have lost lis cone fideuce fn o protective Providence, and Baid, ‘I fear to go, forif Haul hesrs of my anointing a kon of Joase as tho prospective King of Teraed, o will kit we.” Samuel cmld not forget that Snul had boon eruel sud vindietive— that he proposed to kil bis eon Jotstnau, sin. -piy bacauso he unwittiugly disobeyed bis Tathor by aatmngs a little boney, and eu fio feit that Sau} would not hesiate ¢ put bim where ho could da bim no bharm 1f Lo sbould auspect that he was Boing to Letblebem to anoint ono of Jesse's suns B prospective Ling of Gol's pecuiinr people, God eaid: “Baul is still King, but bo cannot be trasted even by an. You unst do your duty. Obey Ma. A son of Josse must bo anoiuted, ‘Fheroforo take s heifer, aud say: *I huvo como to waciitice to tho Lurd,” You have a right to protect your owa life. It i vour duty to do ft. Luis right, also, that you should veil” your real purposcs under the form of s snctilico, & poace- oflsring, ta Me. Lhave inspired vou to exccute my plais." Bamuel nuy t0os courage, Lelisving that as God had sent buw on su & very itporant business, He surely would protect hun 1n iy ez- ccutlou. Hamuel was wont to offer sacritices wieraver hio went {u order to sucourago tho wor- xbip of Johovah. od thou eald : ** Call Jesso to tha sacrifice, And I will show you what you must do, 1 will impress vour mind with My will and pleasuro. 1 will desiguate tho pzrson, the son of Josse, wham I hnyo choson and whom I wish you to avoint.” Auointiug & porion was pouniug o1l on bis hond. and wa<an anctont custom— kg, xxx.,81—of con- secrating pruplicts, priests, nnd Kings, who woro thon #upposed Lo be Under God's protec- tion and guidance.—(1. Bam., xxiv., 0.) Tloro was usually A Rocial foast after tho peace offering. Hamuel, as tho ofticiating priest, hud the right to myite whom he pleased. 0 he folt as liberty to invite not only Jesso, witom God had ordered him to call, but also i sans, Hamual oboved God. 'Taling wita bun a horn of ollund the haifer, he went to Dsthiehem, o wuwall, quiet, rzal, hily town, some 7 miles from Jeru-aiow, a y proper place for shoop- raisiug. Hloro and thero were lower giounus, made rict and productive by tho wa-liugs of foam acd lime from the lugher grotuds. Mera Jos-o' grandparents lived and spent many happy vears, oach burvost ramindms tuem of their esrly jovs, when each year or more udded somo ous to their happy family circle. Bethiehern was 80 obsciro o village that it was not within the nsuai eireult of the Judge. So tho leading men of tae town tromuled whun they sa# Sawuel sad bis rotinde approaching. Tney greatly wonlerad for what parp.so tsoy had come,” Aa their young men sym,aihiced with Suul, aud wany or them ™ had been ju Lis ormics, sud 8+ Smmuel and Sanl woro not wow acting in unisun, a8 in former days, they were very suspicious that same barm Wwas #o0n to bappeu-to them,—thut sume hauge in tho government of the country wag iutsaded, o they were alarroed, sud_anxiously mquied: 4« liavo you come to bless, or to baria ns ¢ Hamued replied : ** We liave coms o bloss you, Tho p:eaco of Jehuvah be with you. Wa bavo come to eacrifico unto the Lord, Eanctity yourdolves,—i, o, cleauso your clotbing, vunfy your bodies, that you mav Lo propnied to meot your “God,—aud coma with we to \ho sacrilice,—to the wurahip of Jeliovat,” Tuis kind languago quisted -thesr Toars, sud mads them glad to go with (ho venor- abie Satauel 10 adore the God of thowr fathiess, Samuel sinctified Jusio ond his sous by the unul coramontal nay of sanctification, He then called tuem (o tb sucritics. At a pioper timo and pluce Bawuol asked (bat the wous of Jesso Dbe pressbted o Lum. Me weoms to bhave adoured their wunly forms and noble bearmy, when God cumiged Lun mot to be goverued vy the vatward &) .eurnuce, Howevor projossrrse fugg tho tuco sud High tho statuce, you must uot bo governed oy thew. The largest men are not nuwxmnla‘ tho proatest, or bost. Samuel was plessod with them all, "Thoy hiad good blood in their veins, God did not rojest them Lecausn tiay Jucked the prop r quahities of hoirt, but becaudo they -couid notal be apjvinted Kiug, and Hu pretoriod their youugest brother, Bo Bamnol suid to Jerge. "*Are thexo all thy sons¥" ' No," roplied Jesse, ' mr¢ yoanyost boy 14 away on the hills, toudiog v suvop,” ** Send for bim at vuos,” said the Prieat; ** wo will not sit duwn until he comen.” Jueds sent for bim to come in all haste, Wlat mus: have been Jesse's cmotions when 1he veneravlo ricet sequested that David bo browght cforo him, tls hoart muet havo swelled with Joy and yride. a5 he hastened to the mother ts uny in & fow hurried words, “Onr daring David may yét bo the ctect, the anointed of the Lovd." How teans of foy wmust huve ponred dowu ber clieaks as shu thuught thet her beloved boy, the youugost aud 10veliost of et sons aue’ tiue be King of furuel, s (0 pa.uted vy thoe puie air ol the Wlls, a: would rejoice to kiss, **Ho i counng,” rays tho motlicr, aud atie #1500 propares biw by cluan cloiling nud » Ltsn tace, gove~ bim a mothor's iims, Aud rebide him to b picecuted to the veners sble, silver-haiied prophet of the Loid (od of Imacl, ) 'I'ho Lord sald, * Samucl, anomt bim, 1lois wy choice,” Anointing was a roligious service, a wmigo and weal of au intention to be deviloped in duo time, Bu Samuel toak him from the mu ‘st of s orothren—i. ., pivatuly—and snoited i, Lhus it noetns Gud did Bot deem it wive to proclanu tuat David, the beloved sow of Jeaso, would be the sovond s of lersel, To do s would rouse olu King Soul abd excito L vins dictive voul and brus on & clvil war, The epint Qf the Lord cume upos David, who ‘went honse to tond bia vboep, 10 play wweotly on bis harp, and to mue prawed ko God. *The Lourd s wy Bhopberd.” samusl having oboved the Lord and dlecharg- ed ws oficial dutics at Bethlchom, wuul{‘n Itsrush. Saul was still on the thione. He could lead arnles, —was incressing fn sirongth and fame. But tne apirit of the Lord fuft bun, An ovil upint vt the Lord troubled hiw, sud bls at- teudants wers alurmed, aud paid to limt **May wu tiud a cunuiog barpist, so tuat whon tho evil sphit troubles you, vou mav be chocred and cured by i swoas utratus ¢ Ssul waid: ** Bricg mo a skillful player.” UQuoattendsuteald, * [ kuow a mau—a sou of Jesso. of Bothlshew, Ho i8 % mou of war, prudens in busiuess, ever pre- owsessing, and & very skillful barpist, aud the rd 18 with biw." Ho Baul seub to Jesss and ss4 #Bond me David, thy sou, who is uow tonding your sheep." At onco Jesso nons David win s e Sxul, When Daved was nrossnited o the Cink. Saal wan a> much plesse Ltk him that by made tiim arior-benror, aod sant ward to Janse tha’ ho fiked lus Aoa w0 much tuathio alshed b to rematn with him. ** {+ hag fonnd favorin . mv aighi." Whan tho ovil spirit from Gad s upon Saul David was wint to play npon hi harp aomo of thosa s~eot, cussting strans, that he tiad otten plased and #og 0a the hillg of ‘Bothleham, whilst wateliag his foc'tn by might, Dn.d tust bave dorivod soma lnspiration from the _ sta's na in pleasant evanings “on the billa he lisicned to_ the - swhes music of the wpheres. Perhans God heard hin lavs, admired thoir tone, and said, “Davil iy my chuco. Andiat bim. He [ st tao person to bo the an:ostor of tho Groat Shopherd, whom. by anut by, Tl sond 1o thess - tonatifal il v of Beihishon to abiow the pe,la of tho whola earth tae way to ‘lisavan.” Go, perha 8. licard Wim oz, * The Lord is my Shupherd; [ahall not asut, o make b mn to tie d nvnin grosi pasturea; o loadath wo bo- aido the sLil watord. Sursly rosdaess and mor- v rhall follow m s all tho dayw of my Iife." God sald, *Auaint loun” A Lvon vito 14 constrained to pay lomacs to vatiue, Hinl, a3 Lada mon as lia was, | .ved David, His rosv chooks and heaveuly aves, -biy bones. face, his adoctionate disposition, tha beauttien of hin mind And manaers, and bis-uwee southing strainaof music delighted bim, Han wa. willing to do anyshing for liun. Ho oidered that o shonld bo made famliar, with the man- ners aud customs of the cour:, and wich thes best way of condactiag the business of the aovoral tribes, ‘Lhus Dawid was introduced w *the peo. ple, and sacured the goo | wishes of tho Inflian. tial men In tha sholo land Al thewo fitted him far the high position_for which he was anoiisted, ** God waa with bim." MICHIGAN & ERIE CANAL, To the Editor of Tne Chteago Tribune Larontz, Ind,, Jan. 2.—While the rallrosd’ monopuly is holding Chicago by the throat, is if ' not s fitting opporiunity to glve somo earncet at- toution to the subject of diroct, cheap, and rapid wator.communication betwoon tho world's granary and tho seatond. Lhree trunklines chargo the conanmer 90 cente por barrol for delivernz his flonr from Chicaga at New York City.—tho samo cars going 00 miles farther, tan naighboring town, and deliv- eriog tho ewne miticlo at the samo placa for 60 cents por barrel. Tbis s competition with vengeence. Iere, in overy round trip, we have tha wenr and toar of 150 miles of ral road, engines, cars, side-tracks, cmployes, ete.," ete., all for tho mizrposs of bullding up businesy 1u ono city and crusbiag i out in another, With 8 proper watcr-commuuication, such discrimina. tion and combinations could naver exlst. Lel Governmout build 8 ship-canal from the castern shore of Laka-Michigan to Lake Erie, a distanca of about 200 miles, and Chicago wonld have s water-ino o tho scabonrd, by which she could deliver grain, flour, and other freights, ns quick Iv as ruilroads do now, with the advantage of choogng at Bullalo betivosn two markots 3 New York City and Livorpool, The Welland Caval is" boiug ocnlarged to admit tha posage of ocean-eleauiors; and. at Mon:resl, vessels of 4,000 tons receive and dischatge Ireivhit.~making, in fact, that city 130 milos wenrer Chicago than &uy othor post on the con- tinent. The distanco from Chicaxo to Bulfalo by thin new route would bo abouz 500 miles, A stenmior londed with gram cou'd land hor eargo 1 Buffalo withiu_forty-cight honrs, ns it would DOL bo nioceasary to make o uingle stop botwoon Lhese two citics. Tho greas Northweet Vesin to roalize that coxpetition and cheap traovportation can only be eacurod by av unrestricted, direct, and fros watar-rouite #0 the seaboard ; and, to acsomplish s, tho Genoral Governmient slould, at-the earliost possiols moment, buld a ship_canal from Lako Micligau to Tolado or tho, Dotroit River. Wo can never Lope to compdte with ralicosds, or tako ndvaniage of the water-lines of the Erat, it wonre toiced to BDIp our corn, whoat, tiour, pori. and beef th:ough Mackinaw Stralte, is or eight months i the yoar, subject to tue desiructive storne that asnually Bwaep aver tho Upper Lales A caval suflicienl!y Iarzo to accommodata onr growing commeroe, aud permit steamors of 1,000 tons ba readi'y puas cach othor, would probably casc £15,000,000, To somo thin may appear itk & largo amouut to Le expended on ono line of interaal fmprovements; but let us for o moment coneider what it now coats tte pooplo to ship throuzb the Stralta, Capt, Mall, marine roport- er at Dotroit, Inforam tho public thiat the disnaters on tho Lakes this season smountod te 1,006, and woiv thay ouno-balf of tins number veearred on Lake Michizan, Ho furthor atates that ¢85 vesncls of all desoriptions, with an age Brogate eaniving capacicy ot 27,177 tons, valued ut ELOD.0N, bave puased out of existencs and that tho totul amount of proporty lost, ine cluding hutls snd cargoes, is 84,791,300, whicn nxconds that.or lust yoar by $101.700.” Bo we fnd that, In two vears, wo have luss property ta the amonnt of &i.477.900, tho most of which would havo been msved had tho Michigan & Erie Canal been In oporation, With this for. tut dostruction of property staring ua mn the face, attonded, ns it wam, with great loss of 1o, 18 it siranze that tho publio pulss 1s foverish, aud that tho wasyen of tho poople aro uuoasy aud rasticts on tho subject of choap traneportation 7 Io fuur voars tho lossos on tno Laked will amonat to more than the cost of this grest work, and tho excexsive tanfTs we now pay ou farmepioducts will build such % canal avery Lwo yonia. Lzawva, To the Editor of The Chicaro Tridune : Cuneaao, 1L, Jun. 3.—If [ rocolleet iEsoy correctly, thoro was otico convention af honost and wige mico, who mos ‘tagother, sod uamanie moualy resolved that the best thing to bs done was to got a bell, and baug it around the ocat’s neck; whoreon ons old mouse observed, * Wie will bell the cat?" Such seoms to me tha result of tho Tranuportation Convention Iately buld. Various sugestions wers offered; bal the tionucial quention was anly, to my mind, obliquelv hinted at. Howme of your worthy cor- resnon donts have resurrectod plane, thought of yoars wince, for makiog s ehip-canal acros Mcutaan. Now, Luiler a plan to provide for tho lutor of such an undertaking. To ha surs, 1L may take moro t1n doublo wae time; but my mterials aro alroady at hand, and it will not ex. cito the joalousy of anv oher Btate, and, it adopted, wil 1 conscientiously buliavs, benefif a class now under the ban, lessan political pat ronago, and. sccordingly as the work woald pro ceed, bonetit nisteuslly the conutry lhrou;s\ which ft would EI“' as It would thoroughly draiu it, theraby banmshlng fover aud agne, Lriafly, 1616 thie: to make convior-lavor de such work, I Ireland, thero s, 14 miles north of Dabliu, & farm 1 164 acrea worxed and_con- ducted exclusively by convicts. Here. our Bride well inbabitauts in1ko bricke, and some aves disvo teaws througl our eity, and deliver bricks whero ariered. Tiiedo examptod prove thiat high walls are wac slt thut ts roquired to koep prison o from eseaplig. Bt suppose that 5 por ceny shonl 1 annunlly escupe, abou’d not the peoply rejoice with Deberry, **Than't boaven, we have kot shut of » rogue,” 88 doubticss they would tles the Btuto ? ‘Tnen tha chiarge for passazo would bring an sooual (meomo 10 the Btate, whilo laige citlea would inevitahly be bnilt at ita termi, T would bo an sverage of forty days I gation ench vear than at present;, and roa branches of manufsctures would spricg up all alony the 1 ne. The objection will come from old pollticians who have patranage aud place to give away, thal tho Btate haa sn incoms, or o very small outlay, Iu 1ts State-1'rleon evetem; and why alier 1t? why put the poapla to expense? Ausaor In twenty-tive years, the population will Le double in Michigan “what it 18 now, Thls plan providen a draluage for lanas oo partly submsrgoed, maked the popalation heslthy, the seigboonng lands drior and more valuablo hau tho labor of convicts will bs withdrawn fiom furnituro, wawo'ws, snoes, eto., which li wholls wiong in & conutry hke this, iuterfering with Louest il Iudeed, I would go furtber, and troduce tho same labor-ayatem into Indle ana und {Hnow, maling the Kaniakee awsmp in both States my ooject, i Lt wan n Pagan waxim, Salus populi, suprems lox. That would do well to be adopted by Chiristinu logislators, In some countries, avery ous iu modiciun’ly oblined to tske whisky and quivine evory moinng. lave the couutry ruved. banish the sgue, aud make the landj Leuetited pay tho cost. ) 1t would be tedioua todevelop plans, I only glve suggestions ; who will work theu out? WiLax Faavcis, —— A Frta) Lau Augusts (tia)) Conatitutwnatit, John slorris, & voung mau about %8 years of ago, living uear Laugley, wont to a mssqueiade oun Saturday night last. Hoe bas alwsys Leea noted for laughing lizmoderatoly st any funoy incident, Bowe Iudicrous feature of the mas querade caueed biw to we: up s fic of laughter, whon suddealy ho stopped aud fell ta she round. He was plcked up, and a physiciav send or, but he pronounced tho cass busele Mr. Morris Lad ruvtured a blood: yessel. vofortunate msu lingored uutil ‘Sundsy marg ing, whon he died. He leaves & wife sod w eh‘lld.lon to mourn hiegdesth.