Chicago Daily Tribune Newspaper, February 14, 1876, Page 4

¢ 1 4 TERMS OF THE TRIBUNE, BATEZS OF SUDSCRIPTIONS (PAYADLE IN ADYANCE), Postaxo Prepnid Dally RA1tlon, postpaid, 1 year. Parta of yeara Maited iy Nn.ndn{gfl.l?lzl‘;’dl:l!l:n’gun“r;fin:nl)-nbll S 0n Tri-Weskly, ostvatd, . G0 WERELY KDITION, POSTFAID, Qna ey . Bhb ol Frerer o # Clab of twenty, por 1. The postage e 113 centa'a Toaz, Which w will prepas. | 8pecimen copies sent frre, ‘To pravent delay and mistakes, bo sure and xive Fost- Office sddress In full, laclading Stags and County, Remittances may be mada oither by draft, ezpress, Post-OBcs ordor, or I roglatorod lettors, at our rlak. TENMA TO CITY SUDSCRINERNR. Dasly, dolivored, Bunday sxcopted, 25 conts ner week, Wally, delivered, Sunday included, {30} cants por week. Addresa THE TRIBUNE COMPANY, Cornor Madison and Dosrborn-ste., Chicage Il ¢ AMUSEM| ADELPHI THEATRE~Deatborn Monros, Variety porformance. BOOLEY'E THEATRE—~Iandolph street, between 3 Clark and LaSalle. The Californfa Minstrels, McVICKER'S THEATRE—Madinon atreet, between | Dearborn snd Btate, Engagoment of Mr, and Ars, W . J. Florence, ' Tho Mighty Dollar,” sirest, corner . WOOD'B MUSEUM—Monroe street, between Dear + born and Btate, Afternoon: “ Little Barefoot.” Evon. ing: “Davotion.” . BUSINESS NOTICES. DR. ABORN, OF S8AN FRANCISCO, WO ENJOYS 3 national reputation for Lis extraordina the trestment of Catarrh, Aa 1 Consum ' Hotel, ry succoss {n thms, Drochitis, and jom, can bo conatilted st the Grand Pacific cago, Tueadsy and Wednesdsy, Feb. 18 and 16, The Ghienge Wribume, Monday Mormng, Fobruary 14, 1870, Dryer air and clearing woather are prom- ined for this region to-day. — e At the Now Yo xchonge on Saturdoy greenbacks ranged from 88{@883. A plea for n closor and more universal stndy of the Bible, 13 a book which is richly worth an intimato acquaintance, is the thems of an interesting discourse by the Rov. L. T. Cuan- BERLAN, of the New England Congregational Charch, which we print this morning, *Boas"” Suermenp, of Washington, who is better nuthority on pavemonts than Prewi- dents, throws the weight of his guess-work in favor of CoNxLiNG &3 the coming candidate, but thinks Brarxe and MorToN aro entitled to be reckoned smong the probables, Bninrow and WasanURNE aro nowhero in the cstims- tion of tho D. O. prognosticator. Ifo may bo right, but he has been believed to be wrong ‘befors now. The protracted dead-lock in the Wisconsin *Assembly came to an end Saturdsy morning, having lasted twenty-four honrs. The result wes o victory for the Republican members, .who in the end had the satisfaction of sent- ing Mr. Bewnrrr, of Jowa County, 'The Democmtic membor whose intentional ab. sence in hiding caused the tedious seasion ia likely to bo severely called to necount for his mmartness, The Rev. Dr. Farrows, of the Reformed Episcopal Chureh, in a sermon given else- whero in our columns, malkes a vigorous pro- teat ngninst the toleration of Sunday thentri- cal performances and othor forms of weok- doy amuscments in Chicago. Ho calla+ for a general rally to the rescue of the sanctity of the Christinn Sabbath, upon the ground tlat Americans have a right to demand that it shall bo maintained as o dsy of rest, of un. disturbed places of worship, nnd of mornl and religious influonco for themselves and their children, Gen. Wepsrzn, the Chicago Collector of Intornal Reyenuo, js notably a difficult sub- ject for the practice of the wiles of the inter- viewer, and for this reasvn all the mors re- linneo will bo placed upon his statement to & TrInune reporter that there is perfect har- mony between the President and the mem- bars of the Osbinet on the subject of the ‘whisky-fraud prosccutions, Having just re- turned from Washington, and with his facili- ties fur obtaining accurato information in the matter, Gon. Wenstzn msy bo considercd sxcellent authority. —— The funeral of Revenoy Jomysox at Balti- more yesterday was a most imposing demon- strotion af respect and regrot. The solem- nities were witnessed by n vast concourso of ‘people, including o largo number of distin- guished visitors from Washington, Among 2he attendants were Vice.President Fenny, tho Chicf-Justice and meven Associato-Jus- tices of the United States Supreme Court, Attorney-General Prennerost, fiftcen United Btates Seuators, Gov. Cannovy, and other Btate officers, members of Congress from Aarylond, mombors of the Legislature, City Council, ete. The Irish Societics of Chicago in arrang. ing for the demonstration on St. Patrick's Day are going to try what they can do this year without the aid of the politiclans and office-holders, They have passod s resolution declaring that nono of these shall rido a raw- boned horse and eport n big rosotte on the 17th of March, 1876, But tho Societies, with 8 wholesome rogard for the numerical re- spectability of the procession, have mnot darred out those who aro willing to be offico- holders. Thero is, therofore, no reason to fear a gmall turnout on that account. Tho street display will ba none the less imposing and creditablo becsuse of tho ban placed upon the Irish political representatives, who, 88 a rule, reflect small credit upon the nationality in Chicago, St. Parricx will not foel hurt at their absonce from the places of houor in the procession. Acting-Mayor CoLviy denies in a general way tho statemont that bo was inforned of the manner in which 500 fraudulent votes wero * counted in" at the Ninth Ward polls in favor of the Charter of 1872, and thatin vetun for that valuublo service ho made sundry promises to the rascals who perpe- trated tho frauds. So faros were wssortion is concerned, the caso is evenly bolanced, Nrearx taking the affirmative end Cor- vix ' the negative; but thors are certain dircamstances which are not shorn of sthelr weight and significance even by the emphatic enunciation of the brosd but unique anaxim that “aman who loys down witha dog will get up with fleas.” It is of record that the Acting-Maycr and the Board of Pub- UoWorks were for soms time inclose proxim- ity with the so-called canine, and}it is posai. blo the Citizens' Associalion may feel ensour- aged to institute o seaxch for the insvitabe insects, m—— The Chicago produco markets werg goner- ally easler on Baturday, Mess porkwas sctive aud irregular, closing 200 per brl lower, at $20.73 eashs And 820.875G20.00 seller March, Lasd wad actlvy, and olosed 74100 pur 100 should follow this action and appoint two ropresontatives to wait on the Council, it is not unlikely that the influonce thus brought Both Demacratic and Republican Aldermen wonld feel themselves constrained to defer to in tho call for the election the oftico of Mayor. The place could thus be voted for authoritatively, nnd the porson receiving tho majority of such votes would come bofore Mr. Hold-Over Covvin would havo to contest 1dea that this country ia not able to retaln its paper money at par with coin,” As an sdvcoite, of that woney we ‘“scorn ” Mr, BLatyk, Qur legal-tenders are alivays at par. They never havs been anything clae. of provisions, the same amount of Aouss rent, the eame amount of elothing, the same amiount of jrrocertes. which makes this remarkable statement in. Democratio candidate for President entor- THE CHICAGO TRIBUNE: MONDAY, FEBRUARY 14, 1876, Ibelower, at $12.66@12.67} cash and $12.65 for March. Ments were quict and steady, at 8¢ for boxed shoulders, 11do for do shortribs, and 11fo for do short clears. Highwines were quict and nnchanged, at 81,06 per gal- lon. Floar was quiet and unchanged. Whent was less nclive and 1je lower, closing at $1.02} for February and $1.01} for March. Corn was dull and §@]e lower, closing at 410 coah and 41jo for March., Oats were quiet and Jo lower, closing at 310 cash and e for March. Ryo waa stendy, at 67@674c. Bar. ley wna more active and 3@se lower, closing at 69le for February and 65e for March. Hogs were active and firm, at & 8.25 far packing grades. Cattle were quiet and steady at Friday’s quotations,—$3,00@6,60 for com- mon to choice, Sheop were inactive and nominal. Ono hundred dollars in gold would buy $118.00 in greonbacks at the close, The Republican Club of the Seventh Ward tock an action Saturday evening which should bo imitated by overy political organization in the oity, It passed tho following resolu. tions: Wirneas, Our Msyor's ferm having exoired last fall, and our courts being unable to decldo whetbor Lo 18 the rightful Incumbent or not; and Wnereas, Thooarly declsion of fho conrte may causo the peoplo considerable trouble by declaring his official acts null and vold; and WHERELS, The wishes of the peoplo sro always fore- moat {n tho Liesrta of our representatives; therefore, Do it Rtezolced, That we, a3 ibe Gavonth Ward Republican Club, would respectfully ask son, as baving anthority, 10 call an election for Mayor at our April election, Resaleed, That s comnitteo of twobe appointed to present tho samo Lo the Common Council st ils next meeling, Ihis presonts the case in o practical form, Tt is & question in which Demoerats and Re- publicnus are equally interested. It in- volves the issue whether the people havo the right to clect their own officers at the oxpira- tinn of the official terms for which thoy wore originally clected. If all tho other clubs to bear would secure the desired result. the wishes of their constituents, and includo the Council as the logally-elected Mayor, and the claim. 'The case would thon go into the Courts in a new shape, and with tho strong prospect that the Mayor elected by the ex. press will of the peoplo would receive the sanction of the Courts. Every ward club should pass n similar resolutio: THE LATEST DEMOCRATIC PLATFORY, Bome months ngo, o loness, escaping into ona of the public parks of Cincinnati, en- cvuntered n small donkey, and the latter ob- tained an immortality of fame by his victory over the wilder benst, bestowed upon the donkey, whoso skin bas beon stuffed aud preserved, tho Cincinnati Enquirer proclaims that that city has o much larger and less ndultorated member of the osinine family in tho person of the writer aud publisher of the following extraordinary editorinl statement in that paper : Euvious of the honor Mz, BLAINE tolls us that ho *rejects with scorn the Gold may be at 300 or 200 or 100 per cent premium, 1t is nothing but fanciful price, 1t is almply & com- merclal commodity. It is dependent merely upon the wmount of Imports into New York, whoso duties by law ore required to be pald in gold, But for that, it would be no money at all in thls country. It would be like iron or steel, 1lis talk about legal-tenders and gold not being the same value is sbaurd, Legal-tend- ¢ra now buy as much fn all tho lutornal contracts of “tho country as gold ever bonght, or would buy if it was now employed, If it {8 not s good externally it is bocause such men as HLAINE hava crippled ita appll- cation by refusing it for Cuctom-Houso dutfes. Dut for all the goneral traunactions of life, the man with the greenback doliar Is Just a8 well off aa the man with the gold dollar, With it Ae can buy the same amount It should be remembered that the paper siuts that this iy the opinion of the 300,000 Democrats of Ohio who voted for the anciont WinLiax AnLeN for Governor, end that no taining any other opinion can over be clected if the Ohio Domocracy ean provent it. Taken a8 o mero expression of tho opinion of the Enguirer, it smounts to nothing more than any other oxhibition of ignorance or stupidi. ty,—~or it might be tortured into a very feoblo effort to joke. But, token as nn expression of the opinion of a large political party, des- perately laboring to obtain the control of the Natioual Government, tho assertion nssumes o graver nspeet, and indicates a wider extent of popular ignorance than the country has heretofore been willing to aduit, It has not beon long sinco the same paper boldly declared that gold Lnd no intrinsic valug; that whatover value it had was due to the Government stamp on the coin, and that this samo stamp, placed on catton or paper, would give thelattor the snme value as tho gold, Now, tho statement is mnde that paper has the same calue (that is, purchasing power) ns gold; that tho value given to gold is fictitions; that, it the law did not make it the exclusive legal-tender in poyment of duties 8t tho Custom-Ilouse, it would have 1o value at all ! This statement is 10ade in the face of tho kuowledgo thut we export gold and silver an. nually to the extent of sisty or eighty mill- jous of dollars, tho uncoined gold selling at tho same price per ounco os it is computed at in the form of coin. The valuo of tho gold, therefore, is not increased whon put in tho forw of coin, and, of the seventy millions of silver and gold produced in this coun- try apoually, but a very small portion i coived by the United Statos. Whetherthe gold be required to pay dutics or not, would in no wise reduca the value or purchasing power of gold either as bullion or coin. To receive groenbacks for duties would have in thoend a deprensing cffcot on the valuo of thio poper. The Government, requiring gold to pay interest, would Lave to purchase the gold, and then thero would bon test of the relative values of tho gold and tho paper. The Government, having uo coin of its own, would have to goon the street and bLuy it It is ot likely that holders of gold will ex- change it at par for irredesmabla paper, Itis ocly nezessary to apply the fest of fact to cxpous tho feleity that tho urfulélled paper promisa to pay o gold dollar will buy tho eame amount of greceries, tho sawme amoant of clothing, or the same amount of houss rent, ua the gold dcller itself, Let the editor of the Knquirer, when he haa $200 of house ren! to pay on quaricr.day, usy to bis lugdlord, *Ibave 3300 in paper and $300 sn ccin ; which will you taket" Is thers any doubt asto the cholea? Let him offur $200 10 coln, or 265, or £260, or §275, or 270, or §207, and the landlerd will take the Jast. named amount o coln fn preference to the £300in paper. Let nny retailer go to the wholesalo grocer and purchase a bill of goods amounting to 100, and tender tho sellor $100 in paper or $90 in gold; he will witness tho alacrity with which the asmaller number of gold dollars will be nccopted in profercnco to tho greater number of paper ones. The class of people who ngreo with the Tinguirer aeem to forgot that the term **dol- lars " hins o distinet and well-dofined mean- ing; that dollars lias a legal and a commereial meaning signifying n certain weight of gold of n certain degreo of finoness. Tho Supremo Conrt and all other Conrta have doclared thnt the legal-tender notes are not ** dollars,” but aro the Government promiees to pay dollars. The valuo of the greenback is not to be found in the paper, but in tho promise thereon ; tho value of tho coin is not in the stamp, but in the weight of the gold in the coin. The foith and confidence reposed in the fnlill- ment of the promise give to tho note ita cur- ront value ; when the note is redecinable on domand, the promise is oqual in value to the thing promised; when tho note is not re- deomable on demand, the promiso is mens- ured in value by what can be obtained for it. In the meantime, wo commend to W, R, Monnisox, Speaker Kenn, Benator Trunsay, 8ayt Cox, nnd tho other members of the Domo- cratio caucus who have chargo of tho subject of the Demoeratic platform, this opinion of tho organ of the Ohio Democracy, and sug- gest that, if the Enguirer's doctrines bo putine to the form of resolutions, the platform would bo novel, even if supremely ridiculous, through rates from the point at which it leaves tho line on which it originates.” The meaniog of this is, that the trunk lines run. ning east will mako no concessions on froight which they take from the cross-lines in nny reapeet different from tho rite fixed ot othor points noted in the schedule. If this ngree. ment is carried out in good faith, it will aveid the cutting of rates and prohibit rebates and underbilling in any manner or shape, Bnt tho oxperienco of the Chlesgo shipping pub- lio with these raflroads will justify the Board of Trado nnd morchouta in perfocting the organization of a Pro- tective Association, whica should employ agents, and epend suflicient money in corre. spoudence, telegrams, and personnl inspec- tion, to ascertain definitely whether or not the railroads are strictly abiding by their ogrecment. It ltas hoan established that tho railroads will not publicly war against popu- lar sentimont when a case of treachery is clearly mado out against them. But they can only bo kept to the honest observanco of their agreement, sithor a4 to tho public or ns. to ench other, by a strikt systom of watching ; and, if tho Chicago trade wishes to protoot itaolf, it will have to maintain o sort of de- tectivo servico under tho auspices of such an Association a5 has been recommended to the Board of Trade, ¥ The mere publio declaration on the part of the railroads of an intention to treat Chicago fairly in the futuro whould not so quiet the appreliensions and energy of the shippers and merchants 08 to nbandon the projsct for an indepondent connection with the Grand Trunk Railroad of Coauads, when this can bo done by building some 40 1miles of railrond botween Lansing and Flint, in Michigan, on aro cufficiontly sovere; but it nccom. plishes oll this without being proserip. tivo and {yrannical in ita application, and without killing the profits and stopping the dividends of ronds, It aimsto cure tho disonso by the application of proper reme. died, instend of killing the patient, It is n concession which has heen winely made, and which, while it atill protects tho rights of the people, doos not cripple tho railroads and paralyzo genornd business intorests. Under its operations the peoplo may look for an in- orenso of railrord extension, whicl in needed, and for nn incrense of business facilities, which tho ronds can now feel able to gonr. anteo without fecling at the same time that they aro liable to go into bankruptey. PROTECTION DENEFITS COTTON MANUFACTURELS.} T.et us seo how high.protective daties have benefited cotton manufacturcrs. Tho tariff of 1857, for which many of the lending Whiga voted, reduced tho duties on cotton goods to 17 and 19 per cent ad valorem, and tho duties onall other foreign goods wero reduced to about tho samo figures, and there was 8 long list of raw ranterials admitted, duty free, for the purpose of enabling our mannfacturars to produce cheaply. Did this so.called freo- trade tariff of 1857 kill off the Americen cot- ton mauufacturers and delugo this country with tho * pruper-mnde " cotton cloths of England ? It wns predicted by the Protéetion alarmiata that such would bo the 1esult. Look at tho official figures and seo what effect this low tariff had on tho great branch of catton manufactures in the United States. The exports of American cotton goods in 18738-'960 were as follows : now THE FOUR-AND-A-EALF PER CENT BONDS, In an interview with the Committeo of ‘Ways aud Means, the Secretary of tho Troas- Yea Valne, ury stated that, having placed tho five hun- | the line of tho Chicago & Lake Iluron Rail- $ gfi}l}g dred millions of dollarg of & por cent bonds | rond. Ono of the first duties of the new - 20j9%4; + 10,054,705 The noxt year—1861—tho low tariff of 1857 was repealed and the high MonniLu tarifl of 1861 enacted, and instantly the exportation of cotton cloths declined, and ran down to almost nothing. Twelve years ‘afterwards —1873—the valuo of the exportation of cot- ton goods was 32,047,529, In 1874 tho value wns $3,095,8{0. Last yenr—1876—the ex- portation increased o million of dollars, renching $4,071,785, Thus, after #if- teen yoars of high tariff fostoring and nursing, this was all wo had to show for it. ‘Without * protection ” in 1860, our manu- facturers exported abroad and sold in suc- cesaful competition with Dritish and French manufacturers 11,000,000 worth of cotton fnbrics. After fifteen yoars of 40 to GO per ‘cont of protection, they only exported $3,- 000,000 to 84,000,000 of those goods, It is afair question to ask whothor * protection really protocts.” ‘The presont tariff on steel is perfeotly use- less, Foroiguers can enter our markoets and sell steol in compotition with American man- ufactarey, duty or no duty. Lnat year the cotton manufacturers of the TUnited States exported 28,817,748 yards of cotton goods, chiefly to Caanda, and we im- ported from England alone during tho same yonr 79,823,706 yards of cotton cloth made from American-grown cotton. It the low tariff of 1837 could have been retained uatil this time, thers is no doubt whatever that we would bo exporting from fifty to sovonty-five millions of dollars worth of cotton goods; that we would have ex- cluded oll British cotton goods from our own market, and would bo crowding her manufac. tures out of tho markets of North and Sonth Ameriea, Ching, and Japan, By roducing the tariff wo cheapon tho cost of living ond manufncturing, and thereby enablo our factories to make goods cheap cuough to be exported to foreign mnrketsand sold at a profit. By the forcs of tho same law of chenp liv- ing and cheap production, the home market in reoured to tho Amerienn manufacturor, and, us peoplo will purchase and consume moro goods which they can buy cheap than dear, grater orders are given for home-mado goods, and thereby greater employment is furnished to the laboring and artisan classes, and business aud prosperity are mutually promated. A high tariff is a blunder as woll ason evil. It isonly upheld ny short-sight. ednoss, gross ignorance, and blind projudice, acting together, But the strangest thing of all is to find many farmors upholding a sys- tom which robs them more than any other closg, and heneflts them in no respoct what- over, in exchange of an equal sum of ¢ per cents, he wns now prepared to offer the 4} per conts, To render this certain, ho suggested that thu.limo of tho bond had o great effoct upon itsnegotiation, and cited tho caseof the bonds issued in aid of tho Pacifie Railronds, which wero currency bonds, but, having n long timo to run,—thirty years from their issue,—they sold in the market for £ cents on the dollnr higher than the Government gold Londs bearing G per cent interest, but having o shorter time to run, and subject to call. The Secrotary suggested that, if the 4} per cont bonds were made to run thir- ty yoars from date, he could dispose of them readily and take up another $500,000,000 of G per cents. The negotintion of tho firat 5 per conts hna resulted in tho reduction of the annual intorest $5,000,000 anaually. The negotiation of an equal smount of the 4} por cent bonds will result in a farthor re- duction of $7,500,000 nonunlly in the inter- est on tho public debt, or a gross reduction of $12,500,000 annunlly in the interest onm $1,000,000,000 of the public debt, The issue of n thirty-year bond in ¢xchange at par for national currency, even if the in- tarest were put at 8} per cont, would iu tiwe, it greonbacks wero made no longer o legal- tender in payment of now debts, command parin gold. Thoy would become popular ng o means of temporary invesiments, and asa currency in the payment of large sums, Thus, persons hoarding money in propara- tion for the payment of mortgages, one or two years hence, would put their accumula- tions in thesa bonds, ensily handled and kopt, and easily converted if occasion shonld de- mand it, They would take the placo, also, of all bank reserves, thus freeing the currency now held for that purpose. As collaternls, they would enter largely as securitios for dis- counts. In fact, they would become au equivalentifor currency, aud, in time of searcity nnd great demand for the latter, could supply the market. ‘The value of long bonds as compared with those subject to call hns nover reccived sufll- cient consideration by our offlcial financiers. Thoy bave insisted on rotaining the option of redemption ot short notico, theroby depriv- ingtho bond of a valne a8 an investmen! which it would otherwiso have had. Thus the whole issue of 6-20 bonds, amounting to n thousand million of dollars, and the old 10-40 bonds, amounting to two hundred mill- ions of dollars, are now all payable at the op- tion of the Government. There can be little doubt but that tho Secretary of the Treasury can disposs of the 4} por cent bonds, if tho term of tho latter be mado twenty-five or thirty years, Tho conntry will hardly be ready to pay them before that time, Associntion will be to investigate the condition of tho Chicago & Lake Huron Railrond, and consult with the Grand Trunk Railroad rela- tivo to its intentions in rognrd to this road. If the Grand Trunk does not at once purchase or lease this rond, and complote it, then Chi- cago capital must Lo forthcoming for that purpose, ofter taking proper precautions aguinst ita being gobbled up by tho Pennsyl. vania Company. Inany effort mado to this ond, the Chicago merchants should manifest a prompt willingness to co-operata with the Board of Trode, Their intercsts nre identi- cal in this matter. Tho position of tho mer- chants was set forth by thoe Board of Trade Committeo in the following words : As in earlier times and In rural dlstricts tho farmer took bifa supplica from tho town where ho hauled his ‘wagon-load of grain and purchased where he had sold, 0 als0 when tho trafile fu carried on by steam on & largerscale. The samo dlsposition that prompta cer- fain rallroada to mako more favorable rates for the shipment of graln to the seaboard from other compet- ing polnts than from Ghicago will prompt them to fix mors favoralio rates in return. Frelghta westward will always follow the discrimnation of tha eastward frefghta, with the sd:litional sdvantage for tho favorod citios that the raiiroads will rather draw back thoir cars laden than empty, If the prod- ucts of tho Northweet must find n market othor than Chieago, thon it is certain that tho cities to which this tradois diverted will also sell the sup- plies, the dry goods, tho agrioultural implements, ihe groceries, the dressed lumber, and the manufac- tured artlcles of all kinda which tho farmars want n exchango for tholr grain, The merchanta of tho fa- vorad cittes will not b alow to recognizo thelr adsen- tages aud build upon them, They will sell whoro the Clicago mercliants isve been in the habit of sclling, and they will ba able, with tho help of the raiiroas, to ‘make better prices atthe polut of dalivery without any sacrifice on their own part, Dioth {utorest aud con- venience dictato this reciprocity in trade, and {tis on this sccount hat tho entirs mercantile community should join with the graln, produce, and live-stock in- tereats {n domandiug » corroction of tha abusss which wo have considerad. 'This is a fair statement of the case, and tho merchants of Chicago in overy branch of wholesalo trado must meet the grain, pro- vision, ond lumber shippers half way when any definite plan for completing and con- trolling tho Chicago & Lake Huron Road shall bo devised, THE WISCONSIN RAILROAD BILL, The Wisconsiu papers contain the detnils of the new Railroad bill which is intended for the modification of tho Porren law, and which has passed to its third reading in the Lower House, which is tantamount to its ultimate passago in both Houses. As the bill is ono of general importanco in Wisconsin ond of vory general intercst elsewhers,, we reproduce the salient provisions of the new bill. Tho firat section provides for the ap- pointment Ly the Governor of one Com. missioner, in place of threo as under the present law, which, from an economical point of view, if from no other, is of gront ad- vantage to the State. Tho second section preacriben the duties of this Commissioner, which give him a gencral oversight of tho manngoment and condition of the ronds, and empower him to inquire into violations of Jaw. The third provides for an apuual In the motter of enrrying out the provision of the Resumption act relative to the substi. tution of silver for fractional currency, tho Now York Zvening Post has this to say : Within o week Dr, Linpxmatany, iho Director of the Ulted Htatoa Mints, Lins been beforo the Appropris tlon Commitlee of tlie House of Represcntativos sake THE NEW RAILROAD TARIFF. The public sentiment created by the search- ing investigation of the Board of 'Frade Com. mittee into tho prevailing railroad difcrimi- nations against Chicago has borne its first fruits, Tho railroads, represented by their i i ° g 1ug for an additional sum for tho purpose of buying freight agents in consultation, have ngreed | statistical report from ench xoad to | sitver bullion to bo cunverted into aubmdiary ilver upon & revision of tho rates from Western | the Commissioner, under penalty | colne, It will bo remembered that ho asks this n | points, which only remaina to bo confirmed | for noncomplinnce. Tho fourth estops | orderthe betler Lo comply with that provision of the Suenuan bill [tuo Rosumytion act) which provides for the substitution of silver coln for fractionsl currency, e sasorts with truth tlat silver bullion is nowsta lower price in the market than it was ever known to boj that ft can be bonght at $1,08 an onnca (%00 fne) s andtbat, in pursusnco of s plan, it will be Innucd at par i currency equivaleut to $1,24 410 an ounce, In otlier words, the Governmeut will mako by thls exchiango 16 ¢-10 conts su ounce, leas the cout of culnage, walch does not ezceod 4 centa an ounce. Thls will give the Government = selyulor kY of at least 14410 cents zn ounce. “Is silver currency Dr, LINDERKANY admits would bo worth, at the prosont price of siiver bulllon,~and tho indleationa palnt o & lower price,}~3 per contum loss tian the Quld Yalus of the greenback " doller in which the Treasury promised to redeem the fractional currency, The Government eredit cisy be improved Dy much & movo, but to {atelligeut mon 1t fs not appar- eat how (his can bo done by offering to pay, according to tho Treasury nota legal-tendor stsudard, 08 ceuts whera tho promlee {8 to pay 30 cents, s promiss which tho Uovernment {s now sbaolutely performing. Dut theve is anotlier suswer to Dr, Linoen. a1inN's proposition. If all he saya nbout tho present valno of silver s truo, then the peo- ple will soon got it into circulation if the CGovernment furnishes tho proper facilitics of colning ither withont expenso, ns it docs now in the caso of gold and the trade-dollar, or ot such low cost us not to aunul the pres. ent inducoment to get silver into circulation. 1t silver iwactually worth only 08 cents as compared with the greenback dollar, and tho Governmont will offer to coin it without cliargo, it will need to tako no other ateps for substituting silver for fractional currency, The people will take their gilvor bars to tho mints, Lave thom coined, and pay tham out. The baoks will savo the fractional currency and present it for redemption at the Treasury in groonback notes, Silver, then, being tho inferior currency, will circulate, and the frac. tionnl currenoy will disappear. 'I'lie change will bo worked out by a natural law and with. out any Governmout Intervention. Hence, it Dr, LiNDERMANN 8 7ight in his estimate of tko valuo of eilver, it is only nn additional renson why the silvor-substitution clauso of tho Resumption act should be ropealed at once, to make way for free coinage of ailver according to the demand. ‘The circulation of silver will ingvitably bo thae first yesult of any adequate measures in the wey of resuption | 1t will come oub as the greenback dollar ap. proximstes the valus of the gold dollay, and by the general managers of tho Enstern lines to go into effact, 'T'ho rates from Chicago on grain remains ot 50 cents per 100 pounds to Doston, 45 cents to Now York, 41 oconts to Philadelphin, and 39 cents to Baltimore, but the rates from the interior points havoe beon adjusted on & more eyuitable basis, Thus Indiznapolis had n rate of & cents less, and the present tariff fizes it at only 4 centa less. Peorin bad tho same rate ns from Chicago, and the present rato bas boen fixed at & centy more, So tho ratea from other points havo been increased 8o uv Lo maintain a fairer av- erage n4 compured with the Chicago rates. But (his is only one and tho first utep towards reform, It is merely an abandonment of tho open’ and confessed discfitnination agoinst Chicsgo, But a continuntion on the part of certnin vonds of the bad faith which has Toretofore beon discoveroed, and recently ox- posed, will onable them to discriminate against Chicago in the future with tha now tariff just as much as in the past with the old tariff, There are two practices which aro not covered at all by the published tariff. These uro rebates and underbilling, It hns Loen discovered that rebates have been made at Eastern terminol points on freight ship-, ped from interior points, but never on freight shipped from Chicago, When the lacal freight sgents have been confroated with such in- slancce, tho reply hes been mado that they kuow nothing of it, aud that the rebatos must bo given ut the Eautern points, In the caso of *‘underbilling," the practice fs simply dis- honest, snd it canuot bo successfully carried on without thoe consent and co-operation of the railroads. Cuses have been reported in which there boy been an average saving of 8 cents infreights from intorior points to the any road from charging one party moro than another for a like servico botween stations, and gives toall partios the same Lonefits in conceasions of rates. The fifth forbids tho charging of unroasonsble rates, cither froight or passengor. Tho sixth pro. vides for tho furnishing of facilitios for ship- mant of freight upon reasonable notice. The soventh provides that * companics violating any of the provisions of the nct relating to extortion, shall forfeit to tho aggrieved party, for ench and overy offense, throe times the actual damago sustained, togother with tho costs of tho suit necessary to collect it,” Tho cighth forbids tho conmsolidation of com. poting lines under ono management, Tho ninth forbids any peraon connected with a roilroad company to eugage in furnishing the company with supplies, or being en- geged ns o common carrler upon tho roud. Tho teuth is wunimportant, The eleventh makes it the duty of ** the Chiengo, Milwaukeo & St Paul Company to file with the Commisasioner, bofore tha doy when this act shall take effoct, its ratey for the trans. portation of persons and property which weru in forco on the 15th of June, 1872, and these rotes shall not bo oxceeded by that Company or the Chicago & Northwestern, on any of thelr lines, in any of their schedules, They are further required to soll at all their stations five-hundred-mile tickets, and round-trip fivst-clasy tickets between stations within the State, at & uniform rato of 3 cents per mile, no company being obliged to ac. cept a less faro than 5 conty between any stations."” ‘The romaining scctions vefer to the repeal of certain scctions of tho Porrea law, the last declaring the bill in force on the 1st day East by this means, of April next. A glance at theso acctious Now, what guarantee, in view of tho past | will show that tho bill is amost excellent conduct of the railronds, can Chicago ship. |%ne, It in reality accomplishes all that the pers have that the now tariff will carry with | Porrea law has with rveferenca to the rights it a strict and houest adherence to the rates, | of the poaple, but doss it 'withont bankrupt. and an sbandonigent of * cutting,” rebates, | ing railronds in the operation, and paralyzing and underbilling? The resolution passed | the busiuess interests of the State, It con- Fridsy by the froight agents would seem to | cedes all that the people have demanded, indicato » promiss of a new departure, since | namely, Btate 'control, reasonsble rates, it is agresd that *frelght from looal nons { and the suppresslon of combinatlons compeling polals shall pay the ageosd | and dierdminations, and s peusliles thero {8 no need to complicats any resump- tion legislation with this phnse of the ques- tion, ™ 1he Zdior of The Chicage Tridune. Mavta, 1L, Feh, 11,~Pleses answer through the columuh of Tix DALY TRIAUNE tha (oflowing ques- ton: Do Lnglish mannfecturera employ bettor ma- elinery In the mantfastura of iron, cotton and woolen Roods, cutlery, hardware, and ress-goods, thsn American maunfacturers? Some Froo-Tradera claim that the Eoglish tieo better machinory, sad ansign as a reason that Protaction damapens [nventiva gentus aod enterprise in Amariean mautifactures, 1f tus claim in ‘well-founded, it furnislies sn xdditional nrgumont for ¥roo Trade, Youra respectfully, H.GRanaN, In reply to tho ahovo, it is only fair lo say that tha averago of Ameriean machinery ix fully equal to that of the machinery employed in the English factorics, though in some apocial instances the latter is superior. 'The English machinery for the manufacture of pig-iron is thought to hobetter, becaunse larger Dblast-furnaces nre used; in the caso of tha othier orticles named, the only difference in favor of England ecems to be in tho greater earo by the English manufacturers, 'This difference i cortainly iraceable in large part to the ‘‘protective” tariff, sinco this prolection, doing away with the fenr of compotition, renders American wanufactir- cera loss anxious to improve the quality of the goods thoy turn out, The English manufae- turer has tho world to melect tho best mate- rinls, whilo tho American manufacturers aro denied this privilego. Tho samo eflect is fonnd to somo extent in the ndoptlion of improvemonts, the American manufacturers being. slower to incur any ox- pense in the way of making changes, on ac. count of the security they feel from foreign competition by reason of an oxcessive and prohibitory taxiffl. To this extent the theory of Protection has a depressing influonce on American inventions, At the samo timo there 1s no people in the world which lLas so much inventive genius nor such fruitful resourcos for improvements in labof:saving machinery ; ond this fact, in connection with the other facts that America can always furnish the chonpest food, and hins the best and grent- est abundance in raw material, would give advantages for manufacturing superior to any country’s in tho world if they wero not ham- pored and kept down by the burden of taxa- tion known ns * protection.” Tho country nowspapers are beginning (now that they seo tho hopo of railroad dis- criminations in their favorrapidly vanishing) to harp upon and cxaggorate the abuaes for which Chicago i itself responsible in the local charges for handling grain. Itis not nocessary to oxaggerato them, for they aro bad cnongh ns thoy stand, and they must bo sbolished. Tho Board of Trado Comumitteo have been criticised becnuso they did not in- cludo theso abuses in thuir racent report; but we have good reason for ssying that thoy wero omittea simply not to complicato the cage in hand, and that the Committeo will make a proper effort to havo theso excessive tolls wiped out. Now that they have roused public opinion and brought its influence to boar upon the railronds, they have gomo to work at the local charges. They do not seem to have mnde much hondway at their meeting last Saturday night, but they will accomplish their purpose if they will only hammer away at it honeatly and untiringly. The eclevators are willing, as wo understand it, to make tho propor con- cesafons on their extra charges if the raile roads will drop theirs. Atpresent tho charges Lero in excoss of thosa at other points nro $1 for trimming, 92 for switching, and from $2 to B0 for side-tracking when the grain is not consigned to élovators. Of theso, only tho first gacs to tho clevators. They must all bo strickon off. If tho railroads do not evince n proper disposition to do this, thon it will bo tho duty of tho Committco to investigate whother thess extras do not, as charged, go into the pockets of tho railrond officinls in- stend of tho railroad stockholders. If 5o, a proper expogition of the swindle will lead to tho necessary reform, At oll ovents, all thoso extras must be dropped at onco ; after that it will bo in order to inquire into somo other of tho elovator charges which are be- liovod to bo excessive, It is mecessaty to abolish tho toll.gates, as well as to remove tho discriminations. Mr, J. P. Vax Donstoy has * atepped down and ous” of tho emplovment of the Ubfted Btates Governmont in the prosscution of the whisky-thioves at Springileld. He sent us a let- tor which wo printed tho othor day, giving his version of the reasons therefor, ln tho courso of which occurs this paragraph : Your correspoudent hero han seen fit to aasall mo froquently 10 kis communications to your pupor, A fricad of miue anked him tha other day why ke at= tacked e so unjustly aud untruthfully, as I bud ulwys treatod him oa & gentloman. Hi reply, my fricnd states, was, that tho editor of Tux TuIBUNR had fnstructed hin to 4o 8o, aud ho was morely carrys ing out inatructions, Mr, Van DonsroX alao publisbed a long and labored dofonse of himeelf in the Springfiold Regisler, without onco touching the real sccusa- tion, viz.: drunkennoss,—and mauugoes to get in this fling ¢ g Mr, Inwni, of Tz Tutnune, justifies himeelf by aying that ho editor of Tnr. Tulbunk always sdvised 1im 10 * pitch Suto VAN DomstoN,” aud 10 * piten into all Governmout oMmcers at Springdold,” In reply to all this, it la sufiiclont to say that our Bpringtleld correspondout waa nevoer in- structad to roport anything but the naked truth of nny Govornment ofticer or of aoyhody oluo at Springfield; aod it s positively false thet ho was inatructed “to attsck Mr. VAN DostsToN un- Justly or untruthfully,” as allegod, and wo are vory confident ha never told a friond of Ar. V. D. anything of the kind, Boforo anything had appearad tn Tue TrinuNe in relation to Me, Vax DoRsToN's uufortunato habits, roports about bLim ocame to this office from other wources than our Hpringlield correspondent, but wo were reluctant to bolieve in their truth, huving siways had a good opinlon of tuat gon- tleman, and not bojog awarc of hLis droadful ine firmity. At lsat, howevor, the Spriagfield feg- 1slter made the charge openly against him of drunkonness snd conssqueat incapacicy to dis- chargo bis official duties. It alleged, and truthifully, thac the interests of the Government were being sacrificed by reason of his condition, It was aftor thls public exposuro of the facts that our correspaudent felt coustralued to refer to tho dwsgrosable mstser in hid dispaiches, and Taz Taioon to call the attention of the Washington authorities to the case, and tho uoceasty: for an immediste change, o should not have mado thls reference to 3Ir, V, D.'s ro- moval aud its caguo if he had not wesn #t to asgall our correspondent with a f3lso accusation, ‘Wo wish him oo tiarm, aod hopo he msy teform and put away from him forever the Inetriating cup, forhe is an ablo and useful man whan clothed in bie right mi Dol Al The school-oxhibitions for tha bonefit of the Centeonlsl Fand which aro being lio!d {u various parts of this State have called forth somo unfa- vorable eriticiem. The objoction is not to tha ex- Ribitions themselves, uor to the manner in which thoy are conducted, but to the propossd use of the mouey which is being realized from them. Buperintendent ETTex has districted the State and apportioned & certsin awmount to bo ratssd by tho wcholats and teschers of esch county. This money is to bo used, the Buperintendant Bays, ** o cause & proper representation of the educations! interosts of tho Biate attbo Natiouel Centexuisl” It would be proper for him to exe platn what thess edusations] intarests are, sud bow they az¥ ta be repressnted. The sim ralssd will prabably amount to 920,600, Tt will be aon- tribited in Jargs part from tho mavings.se. counts of littla obildren. If i is to by used fn taking doscrving boys and piry to Philadelplia and baok, or in showing them what the boys and girls of Illinols have accom. plished, or even In making a complole anq sclontliic oxposition of tho educational methods of the Stato, the money will be well spent, Bny if *a ropresentation of the educational interostq of the Btate" moans the carrying backwards and forwards, and fomsting at hotals, of Buperin. tendonts, naniatants, and rod-nosed Committas. mou, the goonor no 2nd fa put to the schema (hg butter, B Tho Lonieville Commercial, the Renublicay orgun of Kentuoky, having noticod the mtory ntarted by tho IWhisky-Thicves' Organ that Becrs. tary Bristow may become tho Democratio candj. deto for Prosident, thus clinches the falsolioud; The Washington correapondent of the Inler-Ocean rayn that & rumor prevails thet BRITOW may becoms the Democratl candidato for' the Presidency, * This prelende] rumor wan o doubt atarted by some’ mem. Der of the various Rings who hiave Leen ptundering the Government, aud who bave found in Hecretary Nnis. 70w an {inplacabla enoniy to fraud and corruption in every form. Noatatesman in all tho land 1 & true Republican than Unratow, 1ils opposition (o the Domneratlc orgsnization aud to tho principleanad yollcy of the Democratlo patty Ia intense and inoragi. cable, and.the migkentivn that ho msy possibly bocome o candidato of the Democratic pasty fa thrown ouy only for the purpons of smpairing his” influence in tby Tiopublizan party, of whicli he is an lionofed member, 16 Jils name s pliced beforaany convention as 8 exy: dldate for Preaidential nominatian, it will be before tus Republican Nattonal Convention, which meets in Cla. cinnatl on tho 14th of June, sud not befora any other convention, — Tho editor of the T¥mes rotracts complotoly and promptly the charge made tho dsy bofors that Crantza H, Reep, Eaq., tho State’s Attor. noy, hod beon indictod hy tho United States Grand Jury for complicity in tho whisky frauds, and admits thot thero ia uot a particle of basis for tho roport. Tho Timen says it was misled by 4hofalae atatoment of **anoficial of the Qovern- ment."” —_—— Tho Now York Sun of Feb. 8 containa a latter from Washlogton on the Bancoox scandal, which embodies tho facts, and in somo tnatances tho litoral languago, of a lottor from tho ssme quarter printod in Tue Curcaco TRIBUNE ot Jau. 11, It 1y rathor too late to palm off old nows a8 Bonsation: —_— PERBONAL, The Jolins Hopkinn University at Balifmore Is . to be openod in temporary bulldings on thoe 224 inst. The Boston Post saya Sonator Christiancy 1y worth several millions. Bho married him for Lis beauty, though. Misa Amy Ames, the sciress, s “ no worss," not * no more," aa tho printors recontly mnde tho cablo say. Singular, len't ii, that *no ‘worso " should bo favorablo news, whilo * no mora " means dead ? Bill King at Washington says, * Who'a afrald " Wo shall know wha's afraid wiion the tima of peril cnmes. Mr. King canafford to eay, * Who'a afraid 2" g0 long an the Domocratlo Honse has favorites of ita own In tho Pacifio Mall crowd. Judge Choster D, Krum, ono of the Baboock conugol, waa Mayor of Alton daring the Lovejoy riots. Ilo was famous at tho tire for having begun & spoech to tho howling fanatics befors Lim with tho address : * Gentlemen of tho Mob." A gentleman of Philsdelphia has privately sont 8100 to Walt Whitman, to saslst him in bringing out bis new book, “Two Rivulets.” Bubscriptions for the same purposs aro saked by 3r. James M. Beovel, through the Springfeld Republican. A bill has boen introduced 1a the Now York Loglslaturo directing stroet-raiirond companies, uudor hoavy pooalties, to provide 14 inohes of comfortablo sont for each pasasnger. Here's & Lint for tho noxt crusado of ths Wabash aveaus philantbropists. ' . Mr. Thomas Darry, well known in this city &3 tho ntago-mxnagor of the old Musoam, and in the East a4 an actor and manager of conaidera- blo standing in past yoars, died ot Boston Fri- day, aftor a protracted 1illness. He was the original Master Waller in this conntry. liss Ryo, irvavorently krown as * Old Rye,” {8 prosecuting vigorously the work of colonizing Canzda withstrost children from Englaud, On hor last trip across tho ocsan in the Sardinian, tho posscngors prosarited hier with & purso of £280 to nid Lior in Lipr solf-imposocd teak, The Hippodromo at New York has cight doors openiog inwards, which ars locked'and barfod st tho begluniog of each sorvice, The maoagers of tho entorprise seom to have mado arrangemants for friod soles, ns well ns all othor varloties ; and, of courao, if o firo broaks oant, nobody will be to blamo. Mr. Ilonry Friede, of Nesw York, hins recoversd $10,000 damages from the Third Avenus Rail- rond Company for an injury roceived throngh tho carelossnosa of a drivor, We don't know what kindof o alip they puooh fora $10,000 faro : but thoy probably do it in the presencs of tho stockholdair. The roprescntatives of Japan at tho Natlonal Capltal, Mr. and Mre. Yoshids, are uald to be polite, dignified, intolligent, and vivacious. Binco coming to this country, AMadamo has snb- mittod horaolf to tho hands of a modiste. Bha igeaid to enjoy thosocial prominouce whioh sheonjoys in her own houso of an ovoniog, to which eho was never accustomed at home, M. Piorro, a land-ownor, haa boen ordered by thoParis Corrections! Tribunalto pay1,000 franca comnenyation to M, Tooy Dury, auartist. Thoof. fonse waa Lho writing of dofamatory expressions on tho outeldo of & lettor, 1he dofendant sent lettora to the plalntift juscribod “Af, Dury, arliste peinle et pickpockelt, et ignoble pick- pockelt,” Dury waa formorly painter to Loun Phillipo. The Bishop of Nimea Las addrossed & lottes of thanke to the Abba Molgno for his annotated odition of evolutionist addrasses by Prof, Iux. lov, Sir Jobn Lubboclt, and others. The Pope, however, convoyed o left-handsd compliment ta tho ability of tho annotator by placlng the book in the Indox, bolding that the polson of the toxt was not rodecmed by the antidote contained in tho notes, Mr. Frankila Philp, the wesliy stationer of Now York whoso failure baa beon annocuncod, wos for twenly yoars a morchant of tho highest standing, i immenye residenco was the fa- vorite rosors of litorary men from all partsof the world. le has boon obliged to sccept tho position of Chiof Clork to the Navy Agent at San Pranciuco, at = salary of 82,000 a year, It 1auald thas Prof, Tyndsll proposed to the daughter of Lord Namilion [na letter begin- ning s **Sacoharine conglomerstion of proto plaum, Adorablo combination of mattor and forco! Iarost product of fofinite ages of evo« lution!" and conlinuing in the same strain. The closlog appeal was aa follows: *‘Delgn, O sdmirable croaturo, to respect that attrastion which draws mo toward thes with a forco in. vorsoly propostional to the squares of the dis- tance, Grant shat wo aball bo mede double suns deacriblog concentrio orbits, which ahall $ouch oach other at sll polnta of their poriphorios.” LOTEL AKRIVALS, Palmer House—M. C, Moulton, Austin, Tsx.; G, W, Bmith, Pitt Th Bagwell, Philadelphia; €. ¥, Jobw New t Stanford Koowles, Ht. ille D, Landon (EY Perkina), New York: ¥ Thomas G, Bairy, Ciucinusti; A, O, Pelrfax, Dalti uore: Gon: A, A, Uster” wad wife, U. 8, Army'; . B Quuie: 3, B Seee avenports We £, Monweals | Y itaver L % B Any... Tremont HoureL. 3. Houth, Detraits W, B, Laleighy i, Josapk, Mo,; Wilisn Moore, Boston; H, L. Fress min, Bt. Josepli'; QoL J, H, McLauglilin, Detroity Jo 1. ix, B . C. Geusberg, Jeflersou Uity, 3N, Ce e, Linculn, Neb; W, D. Hani Bearman, New Ouleans; ersnan Houtc—J, Waldo, Houstor D, Bedulia, Mod . B At i b T Soburs, Varmont; 3: W, Lowol uu L H, 1 iy bl SREEN BRI Bk, 0§ Now use