Chicago Daily Tribune Newspaper, January 26, 1876, Page 4

TERMS OF THE TRIBUNE. RATIN OF ATNECRIPTION (FATATLR IX ADVANCE). Tantrze Lrepnlil at this O Dally Edition, post-pald, ) sear..... Parts of yosrat sami dresn FOUR WEEKR lor. Statled tonny o Honday I Literary and Itellgiots donbis Bt TrleW, 20 ‘Onnechy, per 81.60 GRSl o o covy i3 Vlnb of twenty, per con The postage Is 15 cen Bpecimen copies sent free, To prevent dolay snd misiakes, be sure and give Poat-Office addrees In full, Including Btateand County, Tomittaneeaany be made eitlier by draft, express, Dost-Offica order, or In reglstered lotters, at our risk, TERMA TO CITY SURFORIRERA, Dally, delivered, Snnday excepted, 223 centa per week, By, delivered, Sunday inclided, 30 cents bee week. Address TilR TRIBUKE. COMVANY, Ats,, Cbicago, 1l Carner Madison and Dearlio; T AMUSEMENTS. ACADEMY OF MUSIC—Halsted atreot, betwean Madison and Monroe, * Ths Two Orphane. Aftos- noon snd eveulng. WOOD'H MURLUM—Manroa ateeat, betweon Dear horn and tato, **The 1ildden Hand,¥ , Afternoonand eventng, MCVICRER'S THEATIE—Madison strect, between Dearboru aud Srate, Engagement of Miss Minuis Palmer. * Laughing Lycs.” HOOLEY'S THEATHE~Randolphs street, betwesn Clsrk and Ladiailn, # T'he California Minstrela," Aftor- Boon and evening. ADELPHI TIEATRE—Dearborn Lonroa. Variety perforisauce. ™ street, corner Afternoon and evens T8OCIETY MEETINGS. WAL I, WARREN LODGE, NO.209, A, F. and A, L~Msmbers aro notified tn meet at residencs No. 676 Wert Adams strect, thin (Wednesdsy) afternoon, at 1 o'clock sharp, for the hurposn of eacarting the ramaln of luts Uro, Edward L. Whliterrore to the Contral deyots 3. I DUNLOP, Socratary, HESPERTA LODQE, No. 411, A, F, & A, M. ~Regular comimunication at Masonic Temple, corner Ran ul{m and Halated-ats,, this (Wedneeday) evening, Jau, 28. Ehird Dagres. Visiting hretbr-n_cordially Invited, CIHAR, II, BRENAN, W, M. C1A8, F. FOLUSTER, Sec, @he (Chieags Tribune, Wednosday Morning, January 26, 1870. Greenbacks at the New York Gold Ex- shange yesterday closed at 833, A configm;li{)t;;r \;;\'rm and pleasant wenth- er is predicted forms to-day by the individual who mauipulates such matters. A enll for a National Convention, tobe held &4 Cleveland, May 17, for the nomination of o Presidontial ticket, has been issued by the National Commitice of the Prohibitionists. Fho mntter is worthy of notico not by renson of its politicnl significance, but ga a case of nstonishing stupidity. Thae election to Parliament of Mr. Lax- arviy, who was Seeretary of State in Sir Jouy A. Micooxanp's Government ot the tithe of its defeat, i3 nseribed to Ultramon- tano influences, and will bo contested on the ground of alleged compulsion ond intimida- tion by (Lo priesthood. - Stato Senator Mrvrrny, of Davenport, In., n Democerat and o Catholie, has been sat up- on by tho Catholio laity of that city, who held o meoting and passed resolutions con- deimning the Sanator's course in introducing into tho Legislature a proposed amendment to the Constitution prohibiting seotavian ap- propriations. The more intelligent of his constitnents, including a large number of the moro libernl Catirolics, will sustain Senn- tor Muynrnty, aod Lo can afford lo snap his fingers at the rest, The College of Willinm and 3Mary in Vir- ginia is ngain before Congress as o claimant for domnges sustained during the War, In the Forty-thivd Congress tho Committes on Education and Labor refused to roport favor- ably upon the application for reimbursement for the reason that the Collego then refused {o recognizo the Civil Rights bill or to admit colored stndenls to its educational privi- Jeges. The institution has maintaived that position ever since, and will probably Liave better suceess with o Demoerntic House, Procron Kxorr, of Kentucky, Chairman of ho Tlouse Judiciary Committeo, hns roported bill for the reorgauization of the Judiciary of the United Stntes, It provides for the entablishment nnd definey the jurlsdiction of Circuit Conrts in every District where no wuch Courts now cxist; and creates a Court af Appeals for each Cirenit, to bo composed of the Buprame Court Judge nssigned to that Circuit, the Cirenit Judge, and the severnl District Judges in tho Circuit, with appellate jurisdiction of cases arising in Circuit and District Court, Tho practico of declariug bogus dividends for the purposo of influoncing tho stock market is attended with disadvantages, ns sioveral railvond compnnies have learned who wero calleid epon to pay the Government tax on such dividends. Ex-Senator Scorr, now thoSolicitorof the Pennsylvania Railrond, isin ‘Washington on au errand of grace, merey, and peace, Sovernl fusolvent ronds which declared dividends that nover existed and on which the 123 is not yet paid, bavo since fallen under ihe control of the Pounsylvania Company, und ex-Senntor Scorr i4 laboring to securo a remission of the Government tax in such cuges. Boston i getting n bad name in furnishing forth heavenlydiveried knaves of the most Louorable and abominable tiype, Hard in the wakie of the undoing of the saintly Jacsox vomnes the discovery that the Rev. 1. D, Wixs. row, former publisher of Zion's Herald, pres. ent part owner fu two daily papers, and the genersl mold of moral form in u self-satiafled community, hus moved to Brazil after selling 500,000 worth of forged coromercial paper, Iu that distant bourne, from whenco no such traveler roturns, it in probable thet he will rest free from troublous apprehensions of ex- tradition and continue to cccupy tho upper, moit yooms ut feusts, making prayers for o pretenue so bypocritically long that even the Brazilinn pebbles will cry out aguinst him, The Chicago produce marketa were irvegu. lar yesterdny, Mless pork was nctive and 1ie per brl higher, closing at $19.22) cash, and $19.56@14.47§ forMarch, Lard wasact. iveand 5e por 100 Ibshigher, closingat $12.05 cash und $12.25 for March, Dleats were fu good demand and firmer, cloding at 7io for boxud shoulders, 1030 for do short ribs, sud 1030 for do short clears. Highwines wero quiet and unchanged, at $1.06 per gal- lou, IFlour wis dull and unchanged. Wheat wus lens uctive and fe lower, closing at $93o0 cosh and Y510 for Februury, Corn was quiet aud stendier,closing tirm at 4340 cash aud 420 for Fobruary, Ouats were moderately active end {o higler, closing st 314c cash and 813c for Februery, Rye was quiet at ¢7je. Bare ley wus dull and 2@2}c lower, closing at 800 casb aud 7bc for February, Hogs were in active demund at Go adyancs, closing Sxn at $7.00@1.85, Cutlle wore in fair dewaud ab THE CHICAGO TRIBUNE: WEDNESDAY, JANUARY 26, 1870. steady pricos, solling nt $2.60@6.25. Shecp were firm and higher, with sales st §1.00@ 5,90 por 100 Ibs, On Baturday evening Inst there was in store in this city, 2,657,684 bn wheat, 992,435 bu corn, 420,014 bu onts, 143,623 bu rye, and 828,771 bu barley. One hundred dollars in gold would buy §113.00in greenbacks at the close. Tha Centenniat Appropriation bill has mn’ tho gauntlet of Confedcrate inte and revenge, and passed the Housa by a voto of 147 to 180, The Bouthern Democrats were in a Uad humor, even Liaman's soothing speech failing o overcomo their hostility to the mensure. The entire Bouth contributed but 3t nffirmn- tivo votes, 12 of theso being given by Repub- lican. Amendments wero adopted altering the charactor of the $1,500,000 from a gift to o loan, tho Government to be reimbursed ot of the first net profita of the Exhibition, and the fund to be under the management of theo Government Contenninl Commission, The bill as amonded in not objectionablo to the maass of the people, and, as it i quite certain o pass the Senato and receivo the approval of the President, tha matter may bo consid- ered gettlod, A dacision was filod by the Illinois Su. prome Court yestordsy which practically knocks the bottom ont of the systom of op- tion contracts in Board of Wrade transnc- tions, The cnse deciled grow out of the famous whent ‘‘corner” of August, 1872, and was on appesl from the Cirenit Court of Cook County, which gave judgment for CurnentsoN, Bratn & Co. in a suit against Joux B. Lyox to recover an option contract., ‘The Bupremo Court considers the question whother the rule of the Board of Trade reln- tivo to the enforcament of such contracts is contrary to the laws of the land and op- posed to publio policy, and tho affirmative is held, tho Court ruling that the contracts are not dona fide transactions, but mere wagers on the prico of grainon a given day— in short, o gambling transaction, and henco unlawful. The practico of mnking theso protended purchases and sales, but in effect nothing but wagers, is condemned ns illegal and injurious, and one which requires to be suppressed. The judgment of the Court be- low is therefore reversed, and the conusare- manded. The people of Chicago are proper subjects for commisoration in consequenco of the fail- uro of tho effort of the Citizons’ Associntion to obtain from the Supreme Court n madamus upon the Common Council for the ordering of n specinl election for Mayor. It was oarnestly hoped that the law was able to furnish n remedy for the grievous infliction which Lns been suffored from the hold-overs and hangers-on with which the City Government is cnrsed, and that an opportunity would be afforded for the municipnl - clearing-ont which the people 80 sorely nced. DBut it appesrs that relief is ns far awny s ever, the Supreme Court Leing unable to ngree npon a decision, ns threo of the Justices favored tho issuance of the mandamus, three opposed it, tho seventl, Justico Dickzv, who had been of counsel in the case, taking no part in its con- sideration, Tho Constitution requires the concurrence of o mnjority of the Supreme Court in rendering a decision, and n tie is equivalent to a negative decision in this ease, ns it i9stiicken from the docket. It meaus, unfortunately, another yoar of Corviy, and what can't bo cured must bo endured. BPECIE PAYH.ENT;IH gflnflflflfl CORTRAC- () Mr. Mourisox (Dem, ), of Illinois, Chairman of the Committeo of Ways and Means, has n bill of hisown preparation beforo that Committee, which, briefly stated, provides that tho Treasury of the United States shiall hold and retain a certain amount of gold annually until it shall accumulate in a sum equal to 80 per cent of the outstanding greenback circula- tion; that the National Banks shall hoard the gold interest received on the bonds deposited 08 woeurity for their circulation until the gold ouyuals 30 per cent of tho bank circulation; when the Government and the banks shall have accumulated this nmount of gold, thoy shall theronfter redeom their currency in coin, and greenbacks shall cense to bo a legal- tender. Mr, Borenanp, from this State, lhas pro- posed a bill requiring the National Banks to prepare for resuming specie payments by hoarding their gold reccipts on their bonds until they have 20 per cent of their circula- tion stncked up in their vaults. Conceding to theso gentlemen the, best in- tontions in the world, they Loth misconceive the effccts nud the conscquences certain to follow tho legislation proposed by them re- specting tho National Banks, There is no law ‘and can be no law compelling men to establish and maintain National Banks. These aro iuntitutions organized for private profit, and aro voluntary; they are established nnder an expectation that they will be profita- ble, and when thoBanking law censes to offer that inducoment thoy will withdraw their notes or surronder their charters and go out of existonco, ‘Tho question of bank circula~ tion iu ono on which there is o wide mistnke in the pullio estimation, The popular notion is, that it is exceedingly profitable, when in fact, ns o general thing under present laws, it ylelds little or no profit, and often {s o positivo Joss. The legislation proposed is, that for six years the bauks sholl “ pass” 6 or G per cent of thelr dividends, and shall lock up, 88 n reserve, that much of their copital until 30 per cent shall by hoarded, ‘I'ho loss of G per cent annunlly of their profits, and its suspension for six years, fs an obligation inthe natnre of ntaxon circulation, and is of such o griovous character as toyender circulation not ouly unprofitable but a heavy annual loss, The National Banks ara now taxed very heavily, Tleir tax to the National Government last year exceeded 137,300,000, whilo they are searchingly taxed by the Btatea and munloipalities aud by the expenses of the Redemption Agency. The Coump. troller’ of tho Curvenoy placow their avernge dividenda last yearat 7§ per cont on capitul and surplus, 1If they bo required to hoard annually & or 6 per cent in gold on thelr bonds, the bonds will be withdrawn and their notes rotired, because for six ycars they could make little or no dividends. Any one familine with the business will understand that such a requirement will render the cir- culating notes such o loss to the bavks that they will vapidly procced to withdraw them. A direct requirement to withdraw the bank circulation could not hnve u more direct effect than will the legislation pro- posed by Mr. Monmson, Banks will not maintain & noto cirenlation which is o heavy loss to them extending over years, aud there- foro thoy will gradually have o clearing.house for the sesortment and exchango of bank notes, which bauk notes will be surrendered 10 tho I'rensnry and bouds withdrawn, The ‘paper to bo paid somehow, law prohibiting tho bank from keeping that amount of ita own notes in its own veulla, All that this legistation ean accomplish, thore- fore, is to compel onch bank to hold 14,000 in coin with which to redeem $45,000 of notes; but it will have tho ef- feot of driving out of circulation 350,000,000 of bank notes now in active uso for money purposes, Hoving thus driven the banks to withdraw their circula- tion and to convort their bonds into nctive capital, what currency will there then bo to do business with? Not greenbacks, because tho samo bill which forcea the bank notes out of circulation provides that the greonbacks shall nlso be retired. Wo nssumo that the menns of the Government to obtain $120,~ 000,000 in gold for redemption purposes within six years will be sufliciont to thatend; thou thoso notes, consing to be legal-tenders, will mpidly pass into the Troasury. At tho end of tho six yenrs of ‘‘prepa- ration” wo will Dbnve renched the condition of having blotted out $720,- 000,000 of bank and greonback circu- Inting paper, leaving $4,500,000,000 of debta contracted upon the bnsis of a deprecinted It is hardly nec- csanry to stato the destructive effects of such a sweeping contraction. It would arrest the lonns and discounts of every bauk in the United States. It would ronder impossible the payments of the deposits. It would sus- pend every production in the United States, anddischarge millions of employes. Out of the prostration, bankruptey, nnd wide-sprend ruin, a new generation would in timo rebuild now industrics, nnd eventunlly restors com- merco on an exclusively hard-monoy basis. Butif wo are nover to have specia payments excopt through general bankruptey and ruin, why put it off six yeara? Why not have the thing now? 3 Apart from itas effect upon the banks, the schemo itself is open to another grave objection. The annual accumula- tion of gold would have en jmmedi- ate offcct mpon the country. Tho an. nual acenmulation required by thia bill will be $20,000,030 for the banks and $20,000,000 for tho Government—$40,000,000 for both, There will bo that much retired from tho use of the country. The surplus gold now col. lected by the Government goes back into eir- culation again by monthly public sales for greonbacks, and is bought by the importing merchoants, so the banks sell tho eighteen or twanty millions thoy receive on their bonds and take their pay in currency. But stop off theso sales of upwards of forty milliona a year and hoard the gold, then conceive tho effect on the New York gold market—that is, on the valuo of greenbacks. It wounld un- questionnbly widen the differenco between gold and paper, nnd tho latter would fall from 88 to 80, 75 to 70, aud down no one can tell how low. How long does Mr. Monnisox suppose an outraged and oppressed country would submit to this mode of ** preparation " for resuming specie paymonts? Long before the expiration of his six years of preparation the whole hoarding schome wonld be ropealed, leaving tho country more hopelessly at ses than it {s even now. Wo repeat what wo hinve often said, that nny scheme of resumption which arbitrarily ignores tho existing rolations of creditors nnd dobtors, and which compels the sudden con- traction of the paper currency in which the oxisting indebtodness was made and is pay- able, id an nct of cruelty nnd oppression for which thore is no necessity, and for which thero can be no justification aud will be no toloration. 'Wo aore to have in the future a permanent national paper * money,” perma- nently irredcemable, and of nccessity depre- ciated and fluctunting ; or we are to have a permnnent standard of values, such o8 i common among tho chiof civ- ilized nations of the world, with such paper auxilinries as the combined capital of the country may justify and tho wants of trade will require. ‘Ths Gov- ernment can exercise no fnnction of banking, and it cannot keep & currency of its own at par which is not redeomable on domand. But how can it do this? We take it for granted that Mr. MornisoN and Mr. Bon- cuanp both seel: to put astop to Governmont- al gerip currency. But for fifteen years tho business of tho country has been done in that sort of stufl; and while it is advisable to have a specie standard of values at the enrlicst possible day, thero is no ocension for rweoping the present currency out of exist- enco before a new ono with specie values has ‘boen provided. Lot Mr. Monnrsox's bill onact that a yenr hienco greenbacks shall not be o legal-tender for contracts made after that date, but con- tinus to bo a legal-tender for contracts made previously thorcto, with tho right on tho part of the holder to fund or interchange such greenbncks into 8.656 gold bonda, Theso Londs aud notes will continue to bo used as currency in buying and selling, as well as in poying old debts. JMeanwhile the National Bonks will rotire their old notes and reissue as many new gold notes s may be profitable and they are able to take care of and redeem. The inducoment would bo materially strength- ened by nllowing them to iusue $100 of notes for $100 of bonds, instead of $10 of notes, as at present. Thus the banks would furnish the conntry n gold currency, aud that, too, without contraction or distress to those in dobt. ‘Iho whole businoss of tho country would adapt itself to tho chango, while the existing currency takon ot its coin value for curront business will remnin in the louds of tho people available ns logal-tendor in the pay- meut of the veat indebtednoss of the past. Adthis cmrency performs its functions, and daily becomes less nocessary, snd is in fact auperseded gradually by the now and specie- backed paper of the banks, it will gradually be retired in redomption bonds, and evontual- 1y bo buried wmong the other rolics of the War which gave it birth, Alayor Covrviy hag dono a very commenda- Lle thing in promptly vetoing the ordinance conoerning the Consumers' Gaslight and Coke Company, The two principal objec- tions which the Mayor mokes to thoe ordinance are well taken. Tho firat s that it allows the Company two years in which to construct thelr works, In other words, the Council proposed to give thent two years of opportu- nitles for speculation, with the chance to barter awoy thelr franchiso; two years in which to rip up our streets and obstruct truvel, without the obligation of spending a dollur until the expiration of that time, be- sides binding the city for that time without any corresponding obligation on tho part of the Company. ‘The othier principal objection is just as valil. Tho object of introducing & mew gas company is to got cheap gos, but the price proposed by the uow Qowmpany wns that charged by the Companies now in opera. tion, ‘L'here fs no dauger that tho present Companies will ralse their prices; c¢n tko, law roquires uach bank to hiave a cirqulntion | otlier hand, the proba bility is that they must of not Joas (hian §40,000, but there oan Lo uo | lower thom, They have seen 4he last ot thelr days of high prices. Tho great im. provement in kerosone barners is n compati. tion which they camnot econtrol, so long na ofl holda out, and thousands of poople are introducing it in thoir stores, workshops, and housos, It is an encouraging sign that the Mayor has so promptly put his foot on this Job, and we hope ho will follow it up on oth- er jobs which are corruptly rushed through the Council, NEW ENGLAND 'n;fixfié TO WANT FREER ADE, The Springfield (Mass.) Republican of n ro- cent date contains a very remarkablo articla tending to show that the sentiments of the people of Now England upon the toriff ques- tion nre changing, and that thoy nre xapidly gravitating over to n low tariff as one of the conditions of commercial prosperity. The Repubdlican itself is known far and wido as the most influential paper in New England. It has boon hitherto a protection paper, and hns defended that doctrinoe vigorously, nl- thongh not as fanatically os tho ultra-tariff ad- vocates in Philadelphia, Pittsburg, and Cleve- land, It undoubtedly speuks the sentiments of nlarge mass of the peoplo of New En- gland, and from this standpoint its state- menta are of unusual interest as showing the drift of Now England sentiment. It nsserts thnt oll through the manufacturing districts in Now England there has sprung up a lnrge and powerful body of revenue reformers, It says The protectionists assume, and ft fs gencrally sn- samed, that Massachusctis and Now Eugland are wed« ded to the tariff, On the contrary, wo belleve that any sharp probing of popular oplulon by an active canvass would reveal wide difforencos of opinion among the peaplo aud equally among our representatives in Con- gress, Two-thirds of (Lie Massachueetts dlegation in Congress might be reliei upon to-day to vote for tarlt roform in favor of lowor duties if the lssus were ne- rioutly and Intelligently raised, snd tho rest ore sub- stantially unmettled n their opinion, The Repudlican thon procoeds to demon- strate the hopelessness of expocting any reliof from the present deprossed condition of man- ufacturing interests from protection, by rof- erence to the consumption and production of cotton goods, and puts itself upon the record ag follows : ‘The consumption of raw colton by the mills has in. creassd ono-third in this country in five years, and tlie people are wearing all the cotlons they can afford. ‘The inaido market cannot be atrotched by any possibla stringency of the tariff, snd what must be songht is o modificauon of the tariff, which shall let ourselves out toseek an outatde market. This might be argued to men ad fnfimitum, whon thoy were receiving aivi- dends, without making much impression, but when the dividends atop, and, asthe Financtal Chronisle aays, the mill-owners are driven fo the desporata alternative of losing money on thelr gooda rather than 1oss moro money by stopping spindles, the argument Locomea concrets sud welghty, Mon know when thelr clothes pinch, without argument, and are quick to let them out. Open trade with Canads, Mexico, Central America, and Snuth America, by reciprocily, or Ly & general modification of the tariff, and we shall find & market, In view of those facts, the Repullican de- clares the great needs of the country to bo resumption of specie-payments and a moro liberal commercial policy, and thus uncom- promisiugly states what New England wants : Thers {8 n strong Now England party in favor of it the great West is for it,nnd the whole country will have it; and, with prorer retrenchment fn tha ex- penses- of the Qovernwont, can afford it, if, Indeed, the gros revenues do not rise rather than fall with ro- form. Wodonot want it made up as tariffa usually re,—by n committoa of Congress, siarting out with moro prejudico than knowledga, Laited and harriod by warring coustituencics and rival lobbles,—but & Na- tional Commlssion could ba formed, of a dozen men, repreasnling commorce, manufacturcs, and sgricul- ture, witli an equal fnfuslon of doctrinafro and busi- ness wisdom,—men of large lntozcats and viewn, like A. T, STEWART, merchant and mavufacturer, WILLIAX Expicorr, 3., and Eovanp ATemsoN,who would give 18 s roformod tarifl equal to our present neceasities. The course of events and tho mind of the eountry al- ready fix the s{m sad the pnrpces of that ravislon as an incrasseof comrmercial freedom, and from this 1ime forth it $a o question of Low and how far that policy alisll ba carriod out, rather than whother it shall o adopted at all, Al of this shows that o grentchangois com- ing over tho minds of tha people of New En. glond. They wore eriginally for freo trulo, bat, faneying that they could make more monoy by tariffs, abandoned it. They havo found out their mistake, and are now coming back to their first lovo, When they bhave ro- turned, protoction will survive only in Penn- ylvania and a romnant of Ohio, with isolated fanntics scattered Liero nnd thero through the ‘West to advocato its fallncies, MORE OFFICIAL RABCALITY. Tho Grand Jury now in session at Wash. ington seems to be cutting a pretty wide swath through ex-Secrotary Riomanbpson's omployes, It ia reported to have indictod ex-Seoator and ex-Assistant-Troasurer Saw- veR, ox-Commissioner of Customs Haines, and W, H, Banatow, who was a clerk undor Hamnes. This action has been taken nfter consideration of tho circumatances of the payment of what is known na the swindling Panguan-Broous cotton claim, In 1868, tho sum finally paid Panestay, Bnooxs & Co. was ordered by Secrotary McCurrocn to be given tosomo ono olso who had apparontly estab- lished his ownership of tho cotton in ques- tion. Che drafts drawn by Gon, Srinnen in pursuance of this order woro made out to JonN A. Looaw, thon Congressman, now Benator from this State, as attorney in fact. So says tho Baltimore American. Pangaaw, Brooxs & Co. laid claim to the sumn and stopped its payment by legal process, Com- missioner Haines made a decision, sald to have beon written by Wuire, of Alabama, then o Congressman, now Chief Justice of Utah, to tho effect that the Treasnry Do~ partmont had a right to reopen the caso without sending it to tha courts! Ricn- AnpgoN, with his usual confiding faith in his dighonest subordinntes, accopted this abaurd view and sont the papers to an Auditor, marked * Referred to tho Auditor for [examination and] payment.” The smme day Ilarxes colled upon this ofticial for the papers, took them away, and roturned them with the two words we have inclosed in brackets orased. Tho money was at onco paid, - When Rionarpsox was ealled before the Grand Jury, ho hed, of courss, forgotten ovorything nbout it, Yo had signed any papers presented to him, had invented tho idea of returning to specie payments at the rato of $5 at o timo, aud had—drawn his snlary, Outaide of theso threo things, his carcer was o blank, But the jury found out what t wished from other witnesses, and procoeded to indict the threa ex.officlals, It seems to be rather a demoralizing thing to belong to tho United Btates Benato, Ex- Benator Frexoxt {8 undor indictwent and sentence for swindling'in France; ex-Sonator Poxenoy hos been under indictment in Kansas; and now ex-Senator SBayyen is under indictment at Washington. + 'Who next ? The City of Cinciunati has been engaged dwing the last ton yoors in one of the Jqucerest enterprises ever undertaken by an Aumvrlean municipality, It has beendiggiug, and wutting, aud blasting, and filling o goud peit of the surface of Kentucky and Ten- nosses, and has spent $10,000,000 in this rutbless troatmncnt of the soil of the two Btates, In other words, it was invelgled into yotiug the sum we have named for the cone strnetion of the Bonthern Railrond, which is now wandering nimlersly away amid swamps and mountains, nnd costing, instend of enming, monoy. 'Tho eivie funda have beon sunk, Privato aubseriptions have vanished. The proceeds of sponted bonds and stocka oro no more. And the Trustcos aro far cclipaing the legendary daughters of tho lorse-lecch in their constant ery of *Givel give!” Thoy want the city to give §6,000,- 000 now, though there is small chance of this sum’s paying for the complotion of the costly folly. Wo have rarely secon n more drastic illustration of tho theories of government which mnay Le summed up in tho goneral phraso: It is the funotion of government to supply tho capital for enterprises which privato capital shuns ns unremunorative,” By expending $10,000,000, the metropolis of Ohio ia blessed with what might rightly be ealled tho Cin- cinnati & Nowhere Railrond, Changing the Nowhere to Bomoewhore will cost nt lenst £6,000,000 more, The Cincinnati Commer- cialbad tho sagncity to opposo tho scheme from the outset, Lut most of tho other papors woro florcely in favor of it. 'Time has shown which was right. Icrenfter, Oincinnati will not be likely to interfere with Naturo's dis. position of Kentucky and 'I'onnossos moun. tains and plaing, HOW IT WAS DONE, Tho secret history of tho fight for the Town Sonatorship has really been kept secrot until now, but we know no resson why it should not ba told. Thero wore five condidates: Kinewoop, IaruaN, Brrnar, McCnezny, and Paice,—n Qovernor, ex-Senator and ox- Seerctary of the Interior, Secrotary of War, apd two Congrossmen, This was protty good picking and choosing. The number of votea needed to nominato in caucus was 6. Kirrwoon was belioved to be sure of 54, ia four opponents thereupon combined their forces, Tho agreoment was that the Gover- nor was to Lo beaten, and that ono of them was tostep into Senntor Waraur's shoes. But which one? 'That was tha rub. Each of the four wns perfectly willing that the other thrao should sncrifice all their wives' rola- tions on the nltar of their country. Still, this might bave boen arranged, had not Kmxwoop's mannger—a Chicago man, with rominisconces of Pacific Mail money in his pockets—hit upon a shrewd scheme. Iio sent thirtcen members of tho Legislature who were sure to voto for the * old man" to the different headquarters of the opposing quartet, At oach, tho thirteen lat it bo un- derstood that they wero going to support Hanra¥, Breuxsar, McCnreny, or Price, a8 tho cese might be. This introduced the apple of discord into tho hostilo cawp. Ench of the four candidates, with his pure voles plus theso thirteen imaginary ones, felt that he had tho right to dictate terms, Henco all of them tried to do so. Ihe night before the clection, while they were still wrangling, Hanrran's agent discov- His man's 22 votes dwindled ered the trick, suddenly to 19, and ho promptly withdrew him in unfeigned disgust. Kmxwoop wna 1t is & curious nominated on the first ballot, fact that the tactics by which he won the fight were precisoly the same ns those by Tha whirhgig of {imo hns brought around its re- Govornor-Sonator Kingwoop is hap- which Hanrax beat him ten years ngo. vonge, ry. THE BRIDOEPORT STINK NUISANCE, ‘We print clsewhero a commuuication from Dr. Bes ©. Miuter, the Sanitary Suporin- tendent and acting Health Oflicer, upon the subject of tho stench arising from the ron- dering houses and fertilizing manufactories, which containg o very important suggestion as to the means of removing the nuisance. Dr. Mizrzr ealls attention to tho alleged pro- visions of thelaw, which rotaforth that when three residents and frecholders complain to mated, mnch in favor of grain dalivered by tho 8¢, Lawrenco route, Tho vessels ongaged in this trade wiil take return cargoen from tho Now England Btates, bus morae especislly ot cosl from tho pravinces, which, it is sald, could be deliv- ored on ahipboand for 22,50 a ton, The cost la entimatod at 28,600,000, and the popular sentis ment s declarod to strongly favor the projoct. —_— Ta the cano of MoKer, publisher of the (lode- Jiemocrat, in connection with thelwhisky frauds, the domand of tho dofondant.that the case ba dinmissed on (he ground that the testimony waa incompotent, tho witnesses boing accomplices with the defondant in the aileged conspiracy, Judge Dirrox yesterday moining auspended tho proceedings long enough to take this now point undor advisemont. e gavo bis declsion, ruling that the trial must go op, and, virtuaily, that tho testimony of tho witnessos in queation muat be recoived for what it fs worth, This lonves & dark prospect of escapo for the dofendant, The 8t. Louis Tfmes, & bitter opponont of MoKze and hia paper, speaks thua sympatbotically for the votoran publisher, now struggling for life with the prosccution upon chiarges of complicity in the whisky frauda: It il ot bo tmproper for na toany hat we trust Mr. MoKt may bo sble, both for his own credit and thio cradit of the profession with which he ha boen s0 long and #o :hotiorably Jdentified, to thoroughly ex- culpsto himaolf from the grave accusations with which hio atands charged, The 7imes will publish ali of the tstimouy, whila abataining, ss it is moat fit (hat {t should, from comment oF crilicism until afler tho verdict, Unlika our hycus contomparary (the fiepnb- liean), whose coltimpa were Mled yoiterdny with at. tacke on MOKER ot account of the courso adopted by hin_sttornoys, wo prefer L0 wivo him a falr field anil our best wislies for & happy deliveranc from b vironmonts, After that evont we shall cudesvor o outatrip him by publisbing & batter nowspaper, fummhy ‘The Hon. 8axvern B, Cox plously prefaces the pamphlet copy of tho speech e did ot make In roply to BLAINE with this observation on the title-page s Lot all bitterness, snd wrath, and anger, and clamor, and evil speaking b put awny from you, with all male 1c0; and boys kind one io another, tender-hoarted, forglviog oun anotber, . - . . Redceming tho time, becauso the daye are evil—t, Paul to the Ephevians, To which an exchaogo ventures to quote such oxtracts s thess from the aposch be actually mado and language he usod while juterrupting Blalne's remarks:. Oh, dry up! . . hyens , . howl on . , . atick a knife in his bowsla and turn it round . , . kicked Dy o jacknas . . knows more. but mnot so handsome . . tigerish’ appetite . . bravado of brigadlers . . babblo , . low Instinct and party sdvantago . . without s foundation of truth ora epeck of human genervalty toward their aixly [Brigs- dier Confederate] peers from e South, who it cour- teously and quietly fn our midst , . party spite e« . hyensill , . dyoaumlte flend {11 . , . [Laughter.} To which wa add, io the language of Bex But- ren, **Bhco fly, dou't badder me,” bt ‘The Wiaconsin State Hortiouitural Sociaty will hold ite annunl meoting at Madison, Fob. 1, 3, and 3. Prof. 8zaning will delivor an address on % Horticulturs in tho Contennlal Year;" and & considorablo number of papors will bo road, nmong them theso by ladies: * Florioulture,’” by Mrs. M. M, Davis, of Baraboo; '*Arrango- mont of Flowoers,” by Mra, I M. Lews, of Madison ; and * Our Window-Plants,” by Mrs. L 11 WiLriaus, of Madison. The Natfooxl Woman-Suftrage Assoclation will hold {ta eighth semi-annual Convention, in Wasbington, ou tho 27th and 2Bth inat.; on which oceasion *Tho swomen of the United Btates will again press thoir claima to self-gov- amment.” ¢ Once moro into tho breach, dear friends {"'— or, as some scoffor might say, ** Once mora into tho breoches, deer fricuds!” Anp old Copperhead hard-shell sheet which fought, blod, sod died with tho *great and good " VALLANDIGNAS, claima the right to heave in this remindor to its Confedorato brothren: $*VALLANDIGHAM'S gravo {3 unmatked, evon by & hoadstons. Tho Confedorate side of Con- greas should think of something besides JErs Davis.” —_— PERSONAL Patti rofuses to sing in London with Luces aa contralto. Dr. Willard Parlker, who has been for inany yoars an advocato of teototaliam, has rocontly been convorted to tho use of light wines and lager-beer. Prosident Van Rovsselner, of Mobart College, st Goneva, N, Y., has resigned on account of difficulties betwoen the Faculty and the Doard of Trustees. the Tenlth Officer of the existenco of s nui- sance, the Tlealth Officer shall transfor tho complaint to the State's Attornoy, who in turnshall fileinformation in a courtof record, which will then take stops to suppress the nuisance. 'To the existence of his nuisance ‘That story about Afoncuro Congray's slavos left Lim by bis father, published yestorday, wus very boautiful, but it happons to bo trne that Afr, Conway's fathor ia not dead. Dion Boucicanlt haa exeited tho English public by his clever advertising trick in the London papers, and he now elsima that bis theatra fa_ thousands of people can Lonr tostimony, and it thero aro not three frecholders willing to fight the nuisanco then Dr. Mumren can reach the result by appointing three frecholders upon the Mealth polico forco, who wonld at- tond to it. Again, the Mayor is an erofflie momber of the DBoard of Henlth, and has o contingent fund nt his disposal to cover cases not otherwiso If tho nuisance cannot bo re- moved in any other way, lot the Mayor authorize the Health Officer to offer a raward for tho detection and conviction of its perpe- Pooplo in the stench.making dis- provided for, trators, tricts then will feel a porsonal interest in the matter, and policemon will keop a keoner oyo upon these stink-Loles. Asit stands now, people hato to bo put to the trouble of fight- ing these renderers and elaughterers, but if o roward be offored, thero will be plenty of porsons willing to undertako the job. The Mnyor caunot do anything that wonld be moro popular or useful, or that citizens will more heartily indorse. has now pointed out the lawful manner in which to abate the nuisance, and has ox. pressed himself ns ready to do his part with vigor, we hopo threo frecholders can be found roady to co-operate with him, A year's trisl of compulsory education in Now York has givon prima-facie proof of its posaibility and ita value. Curiously enough, it hoa been most succesaful in tho moat diff. cult place, the motropolis, In the rural dis. tricts, & disgusting apathy has prevailed, which has provented tho children of the very poor or of criminals from gaining tho knowl- edge withont which they sro doomed to ex. tromo poverty, or crime, or both, In the city, howover, good work has beon dons. Within the twelvemonth, 8,000 children havo been rescued from vagrancy. In January, 1875, the averngo attendance at the publie schools was 93,335, Now it {s 100,914, The Canadiap, Nn: D;uu‘u;m‘k, snd Nova Beotis papors aro discnesing the project of building & canal to connect the Qulf of St. Law- rence with the Bay of Fundy, aud theroby short- | en tha ocean route from Montreal to New York by £00 milew, by means of which Westora grein can bo delivered in Boston or New York consid- erably quioker than by the fprosent route, The routa is’tbrough tho Gult of Bt. Lawrouce and tlie Bay of Fundy, Saya o Bt. John paper s Tho project involves the connection of Dalo Verte, in the Qult, with Cumberland Basio, at the hesd of the Bay of Fuudy, by au artiflc/al chanael scroas the lathmus which separstes thoso bodios of water. By the proposed plan the distance from Montreal to Bt. Jobnaud Boston will boshortened some 400 or 500 milos, sud s line of protected coast navigation secured for the whole distance. As the Health Officor besieged by the carriages of the nobllity, who aro cagor to Liear * The Shaughraun.” A London pbysician baa caused some alarm by delivering a locturo on the prospect of & ro- appearanco of tho plagus which raged on tho Continont sud in England in 1665, Tho Lance! says alarm on tho subject in unnecossary, A loader of fashion in Now York paid 850 on Now-Yoar's Day for the priviloge of woaring Josephine Manefiold’s famous nocklace. Por- Liaps Josie mav soma day let out hor morals, which she must find rathor looso-fitting in those days. 3ir, Jookine, the author of *¢ Ginx's Daby,” in writing a temperance story for Harper's Weckly entitled **Tha Devil'a Cbain.” Tho New York than tho evil habit it is avowadly intonded to dounounce. Dishop McLaren mado his first visitation of 8t, Luko's Church, in Dixon, Ill., lsst Suuday. The Bishop proached morning and evening, Io wisted by the Rectorof tho Church, the Dr. Cross, and tho Rav, Alr, Tolle, of Bt Joha's, Byoamoro. The Oregon ranchars follow a circus as a star of hope, camping out at night, attending two performances & day, and sometimes ‘remalning away from their lomes for wooeks togethor. In wore clvilizod communitics no home is complate without ire own clrons and rasee-show, Castolar, Madrid latter, sunounces his willingness to acceps the nomination for the Cortes in Darcolons and in Valoncis. He prom. isen in cazoof hiw eloction to work for univeraal euffrago, for free univeruitios, for divorco of Church aud State, and to opposo the Fedoralisty, Mru, Flold, formor wifo of the Superintondent of Publlo 8chools in Brooklyn, attempted lately to cane that gentloman becauso he rofussd to allow her (o soa hor child. o prudently closed the door in lior face. Sho waa acoused, it will Vo remombered, of sdultery with Mr. Kinsells, of the Brookiyn Fagle, MOTEL ANBIVALA, Paimer Houte—iohn Keith and 1L, O, Hurlbut, den. A, Meyor, 8t. Loula; Frauk lurd aud W, 20, Cloveland; I1. M. Russell, Qalesburg; F, Vau Yourhis, New York; W, Vandwort, Pittsburg 3 Wells, Jooi © J. A. E. Marah, New York: G. W, Homhg, Jr., Oma! 3." 1L, Uobdspeed, Underwood, [y Dr. A, H, ‘Thompson, Princoton; Howard Alden, Clucinnati; “Oregon; ol, O, Atchison, U, 8. A....Grand sueide—\V, M, Coz, llock Isisnd; A, B. Leet, Orand Rapid; Harinon and A, H, Griswold, Now York; @, ing, 8t, Panli 3. W, Finnell, Keutucky Winoua j A. Guunison, Oluclunatl; 4, 1, land; 1. C. Webstor and 1, M, w. i, toi, § 3 own, Clove. nialiey, New Ocleany} Cortrttl, Altiwaukee: O, I, Hchonck, Burlioy: s dawea Ivok, Ogdensburg, N, Y.i Dy A. Halde 1, iiduon, Wis. ... Tyemont House—Tto Hou, John MeGullough, Williata Blowart, snit Bittabury; she Tion n Columbus W, D, Weakloy, Wisdou A, Oulp, Ban Hatlroad ; Gen. J. A, Morrow, Owm and D, A, Bswsett, Dirminghau, Cta; 4, Akrou, Oblo.... S J. M, Harding, ud . L, Ity ders, Dellsire, O, D, A1 Davidsoa, Pitwburg; O. H. ,“lfll;:.l." Coun,; J. Times thinks it Ia ton times more mischiovous It 18 nusortod that propoliors of the Jargest class used on the Iakes will descend 1o 8t. Lawronce uud go directly to our Fastera sesport cisies, snd thore discharge thoir cargoey, cousuming from four to six days less timo on ths trip tuan i now required 40 carry grain to New York by the oansls. The freight charges will be, 1t is saile 1 Heotland; G, B, , Tul Jimeson, *Edinbury, Ouitioun und J, }, Musson, Pailadelphis; sud 8, 0, Buwilh, Rocheater, N. ¥, .~ Killer, Cumberlaud, 4] re; W, Kiog, Jarsey Gitys @. C.Jonss 0O, Pollard, New ulllm, e e COLVIN CHUCKLES., And the Citizens of Chieaqy Mourn, Tho Supreme Conrt Is Tied, and (i Maandamus Canuot Be lad Why the Judges Should Haw Writien Their Opinions, Mr. Isham’s Viéws Respecting the Question of a Re~ hearing. Mr. Henderson Says the Citizens’ Asso clation Will Fight It Out. Judge Beckwith Tells Why thy * Judges Divided. Late yesterdsy afcornoon thore wora intims tious thatnews was toberocoived from Bpringlield concorning tho application of the Oitizens' Agso. ciation for & mandawus to ordor the Couucil te call an cloction for Mayor I Avril, and there wera further hints thot the declslon was to be in favor of Colvin. Not long aftor came the following special to Tues TatnoNg, which cone firmod tho aforeeatd rumors 3 Sveeial Dispateh to I'he Chicaqo Tribuns., Srnivariewy, Iik, Jaa, 25~The decision of tho Supreme Court in the case Involving & Apo. oial olectlon for Mayor of Chicago, is as follows; Tho People ex rel, Tendorson et al, va. Tho Cily Oouncil of Chicago. ' Beatt, C, J, The petition in the cano {a for » mandamus to compel tho City Osuncllto order an clection for AMayor nrlhu City of Clicago, We lave consflered the esse with ihat care aud dellberation ita ymportanca domands, but w» lave been unablo to sgree upon a declon for the reason that ha Court fs equally di vided in opinion on the questions = involyed, threo members belug in fivor of wwarding tho writ of mandamus as prayed for in tha petition, and thireo being oppossd, ~ Mr. Justice Diokey was not present wiien tho cass was argued, and, Laving been of counsel to respoudents ULefors ho was elosled » metnber of 1his Court, it 1s propor to say ho hms not sinca Lis return laken any part in the consldoration of the caco. It followa that no decision can be made citber dtn)‘lu? or allowing tha writ, as the Cunsiitu tion declares that the concurrence of four meinhers of the Court shall Lo neccasary to every dsolsion (Canstle tutlon 1570, Ait, 0, Bec, 2.]° The result s the mandv mus ls notallowed, and the causo will Lo strickon from the docket. Alendsmus not aliowed, E. 8. 181AY, TUnon loarning tho action taken by the Court, a roportor called upon Mr, E, 8. Isham, of coun. noi for tho getitioaor, for the purposo of finding out what ho thought of this rathor astonnding action of thio Court, and to loatn what, it anp thing, conld bo dons by his clienta. to foras tha :}u;-\amnln Council to order an elocilon for Mayor o April. 8aid the raportor : **TIave you heard yot what tho 8upremo Court did with your patition for u wandamus 2" *Simply s briof dispatch from the Clerk to the offoct that tha Court was aqually divided, and, cannoq\wntl{, tho potition was refusorl,” Tho reporter thon slowad Mr. Yshan tho dia pateh giving tho order entered by tha Judgos, and neked his opinion concerntug i, E *X am vory much sarprived,” snid Mr, Isham, **not only at tho dazision itself, Lus at the way in which it s put." * Why *“Becauso the Judges, neithor those on ouy slde nor those on the other sido, have given thoir rensons for the couclusions they have raached.” . “P\‘Yln\t offect would that have upon tho mat. or ** Bimply this. I tho thras Judzes who wore opposed to granting tho potition had staged thelr reanons therofor. we eauld bava anplied withju tho thirty days allowed by tho rule fox a rehoaring, It way bo—I have not thoronghly oxamined the matter—that we may atill bave thoright to mek & relicaring. Dut it is nlso poseibio that wo may ba foreclosod. Lt wonid Lo proferablo, in every respoct, it tho Judges bLiad atated their roasous, 1t 14 poasible, though 1 do not think probable, that questions nat ro« forred to by couvsol on oithor sldo prawons. od thomselves to tho Judges, and fnflusnoed their actions. If wo know what thoso queations wore, wo conld, on & rohearing, aldress our argumonts to thom," * Bupposing you fled yourselt nnable to do anything at tisistorm, shsil you try It noxt ? ™ *No, it would e too Iate then, ‘Tho chartor rovidos that, when thoro (s & vacancy in the {ayor's oftice of mara than s {q\r, the Council slall order an election. But {f the vacanoy it lous than o year, then the Councll elects oua of ity own members for tho unoxpirad tokm. Bub what sort of n Mayor do you supposa we would, havo nudor this last contingenoy ? * “Then tha potut really ls, whether you can got o reboaring at this term of court 2" *Yoa, 1ficworo s civii caso thiore would be no difticulty ot all aboutit, and In this, which involves such viwl interests, thers shoutd be none, Tho matter will bo oxamined immediate- ly, and whatevor can bo done will bs. It would have bosu much bottor, howover, In evory ro- apcgt, if the Judges Lad given thelr reasons, iustead of wimply cortifying 1o & disagrooniont.¥ *Tiia disagrooment 8 rather an unusual thing * Yeu. It 1s naturally of raro ocourrence, and rrew in thia cane siruply out of a fact that Judgs Dickoy bad beon ono of thie coutisel for thoe roe spondents, and, thorefore, folt & natural disjo L(?, I“‘““?." to tako part in the deliborations of the ourt, €. M. HENDERSON, A roporter elso oallod on 3Mr, O, M, Hendere son Jaat evening, and found that gonileman st home. 'Tho news that tun Bupreme Court had tied on the petition for a mandamus was vory eurprisiog to him, iunsmuoh as he, with other membors of the Uit Izeun’ Association, had confldently counted upon a dociuion in favor of the potition, Ar. Hendere #on could not tell just what nction tha Associne tion would tako, but Le could ssy with a good desl of cortainty that the mombers wero dise posed to take any just aciion In the mattor sa aarly as possible, Thers might be au apporta- nity for a rohearing, and, if such shonld be the ongo, tho Association would loso no time ia availlog itaolf of that opportunity. Mr. Hous dorson, togothor with other momboras of the Awsociation, was inclined to push the matter sud to tight it to tho bitter end, and whatovor waa done would bo done quickly and thoroughly. JUDOE DECKWITI, A TninuNe reportor carriad the naws to Judgs Bockwith. ‘'ho Judgo was seutor counael for tho Councll sud the slsyor. He waid he thought thero was no hope for the Citizous' Assoclatlon. They conld not apply to ther randamus in thoe lower courts, Lhio tull facts had boan stated. Upon them the upper court,standing 3and J, hiad refused the poe tition, Thore is no rocourse, A rehearing mayhe applied for, but he questiona if the Court would sant it. Courts do not roopen cases for fui 'lie Judges hiad evidently coualdered the mattet earefully, ‘Tuey do not desire to give sny rea sona for their decision. ‘Judge Backwith thinke this to be the caus the divialon, He savs It I8 frequentiy done at Washington, Tho Judyes will divide evenly toavoid aesigulog any reasons. MAYOR COLVIN did not get the news untll late. During the ovening Lisattention was confloed to & buiness conference with an oflicer of the Express Com- any. At tho conclusion of tho conforence the syor wont home. He was apparently very much pleassd witn the news. He sald but litsly, sod soemed inclined o gecedo from those dis poaod to a jolification, faw _of the Aldermen recelved the Intellls geuco. They were delighted, and manifeated it after thowr pecullar instincts, John Corcoran was {utoxicated with the information, Bmalle fuy pohiticians who had bets ou the deemion rangiog from a glass of beer to $2,50, incbristed thamselves. They tlockod into the ealoons sud discussed the law, They all agroed that threo o the Judges * knuw thoir biz." Oniceholdors romembored having * told you " The fr(lcnen io the County Jail iave s sigh of roliof, ‘The barkespors sround town wore smilivg faces, The polico woke up snd walked their boats olapoiug their bands. Coun- ol for the Mayor took *a little of the ssue, thank you,” and all were mirthful and jolly. It Wad & famous victory. ———— A SCION OF THE TIMES-EARLY SLANDER. Special Dispateh L0 T'he Chlcazo Tridbuns, Rocxronp, LIL, Jun, 35, ~Judge Brown quashed the indiotment sgsinst Fred ¢, Dayton aud Louls A. Maolove, aad Mr, Bdward H, Griggs mast walt . pu - :nul the nexd Grand Jury oonvse 3