Chicago Daily Tribune Newspaper, February 16, 1876, Page 4

4 TERMS OF THE TRIBUNE, BATES OF ACDACTITTION (PAYABLE IN ADVANCE), Postago Preaald at this Office. Dally Raltion, postoatd, 1 768F.vvere. .8 Paria of year at samo rate, Mall i adijross YOUR WERKNA {0 E-{:z;’m D a Rorary and Ranat o, 13.00 i ‘The pos! o Bpecimen oopjos sent Lroa, To pravent dolay and mistakes, ba surn and glve Yost- Offico addrees In full, Including State and County. Remittances may bo made olthor by draft, express, Foat-Offics order, or In reglstorod lotters, st our rlak. TRRNS TO CITY SUDACRIDERS. Daily, doltvared, Sunday excopted, 26 canta vor weok, Dally, deliversd, Bundsy incladed, 30 cents per woek. Addreas THE TRIBUNE COMPANY, Corner Madlssn and Doarbo AMUSEMENTS, ADELTHI THEATRE—Doarborn slrcet, corner Monroe. Varlsty performance. Afternoon and evening. CATRE_Ttandolpl strest, between O i the Galiforars Minsirels, ~ Afier: noon and evening. MOVICRER'S THEATRE—Madison strest, between Dearborn and Btate, Engagement of biz, and Alrs, Wo ). Florence, * The Mighty Dollar.” ‘WOOD'S MUEEUH:-MOBM street, betwaen Deare born and Btate, **Devotion.” Afternoon and evening. .. Chlosgo 1Nl McCORMICK HALL—North Clark street, corner of Ruzio, Coucert by the German Alilitary Band. The @hisnge Tribune, Wodnosday Morning, Fobruary 18, 1870, Greenbacksat the Now York Gold Exchange yestorday closed ot 88}, According to tho progmostications of tho Maeteorological Bureau thero will be littlo change in the temperature in this region to- day, Vicrora's ambition to add another titlo to that of Queen of Great Britain and Ircland Isin o foir way to be gratified. A Dbill was yesterday introduced in the Honse of Com- mons making Her Mnjesty Empress of India as well, A rumor wns curront in Washington yester- dny that Sacretary BrisTow was to tender his resignation, and that Secrctary CusNDLER WaS o be appointed to succeed him. Tho story is positively donied in our Washington dis- patches. King Aveuosso opencd the Spanish Cortes in person yesterdny. In his speech from the throne tho young monarch gavo assuranco that Dox Cancos wns hopelessly squelched, and that friendly negotiations were progress- ing with the United States which afford reason to hopo for n prompt and satisfactory sgottlement, Ropresentatives of the syndicato which so succesafully negotinted the & per cent Londs | expross confidenco in thoir ability to uegoti- nton 4} por cent bond at par in case tho » time wero extonded to thirty years. The bill | authorizing such extension meets with almost. | unanimous favor in the Iouse, and will prob- obly be passed at an early da; The Houso Committeo on Public Lands havo agreed to concur in the Senate Lill com- pelling tho Union Pacific and other railroad companies holding magmficont land grants to pay local taxes upon such lands, just ns 1ko settlers do who hnve purchosed from the companics. Of courso the measuro is vio- lently opposed by the Union Pecific people, ‘Dut it is likoly to become a law nevertheless, Tho proposition for tho transfer of the Indian Bureau to the control of the War Dopartment has doveloped remarkablo slrength in the Ifouse Committeo on Indian Affaivs. A report favorableto tho passage of the bill providing for tho transfer, and plnc. ng tho Bureauin charge of nu army officor 3f rank not below a Colonel, hns been ngreed apon by the Committoo without a dissenting yote, In the Bancock trinl yesterday the prose. oution announced that their caso was con- cluded, with the exception of tho testimony of o Washington witness, who is to testify ns to the handwriting of two dispatehies yot in fispute, and who is to take the stand s soon 08 ho arrives in St. Louis. Ex-Attornoy- Genoral Williams, of counsel for the defense, will open the caso for that gide this morning inn sot speech, ond then, it is to bo pre- sumed, tho hearing of witnesses for tho ac- cused will begin, "The Lower Houseof the Georgia Legislaturo yesterday unnnimously adopted resolutions reciting that tho equal political rights of the citizens of that Stato, regardless of raco or previous condition, are permanently fixed by the supromo law of theland, the Constitu. tion of tho United States; that the political relations of nll classes in Georgin have been harmoniously adjusted upon this basis, and that no disturbauco of tho rlations or abridgment of equal political righls is con. templated or dosired by the Legislature or the people whom it represents, ‘The memorial of the Alabama Loglslaturo, embodying formal charges and specifications of fraud nnd corruption in tho eloction of Benator Srexcen, was yesterday submitted to the Senate Committce on Privileges and Eloctions, Itis authoritatively stated that evidence yet more damaging and convincing than that sccompanying tho memorin! will be lald boforo the Senate Committeo at tho proper time, If tho Lalf is true of what has already been sworn to concerning tho menns by which Sresoen secured his election, thero can be little doubt as to the ultimato dis- position of tho caso Chief-Justice Ryax, of Wisconsin, in a de. clsion donying the application of Miss Goon- xLL, of Junesville, for permission to practico in that Court, holds that there is no Wiscon- sin statuto which authorizes tho admission of fomales to tho Dor, and that o contrary construction of the statuto would break down all distinctions of sex in the Btate Gov- ernment, and, besides admitting the fuir sex to nearly all publio oftices, would subject woman to various fearful liabilities which aow appertain exclusively to tho tyrant man. And Chief-Justico Ryax is glad of it, for he doesu't think the Bar of State Courts the proper placo for the exerciso of o woman's peculinr qualitics, or for tho preservation of ber purity, If tho latter phraso of tho de- cision ig satisfactory to tho Wisconsin law- yers, it ought surely to atiord some consola. tion to the unsuccessful applicant from Janesvillo, The Chicago produce markets were irregu- lar yosterday. Mess pork wos less active, and 100 higher, closing at $21.07§ sellor March and $21.40 for April. Lard was quist and 5@10c per 100 ibs bhigher, closing ot §12.05 cash and $12.67) seller March. Meats were active aud §@jo perid higler, bo driven out of business, produced at home, for protection; closing at 8o for boxed shoulders, 114c for do short ribs, and 11jc for do short clears. Highwines woro quiot and unchanged, at $1.06 por gallon. Flonr was quiet and firm. Wheat wns less nctivo and 1j@2 lowor, closing at $1.013 for February and $1.00 for March, Corn was quict nad firiner, closing at 4130 cnsh and 41c for March. Oats were quict aud ensier, closing at 31c cash andd13e@31io for March, Ryo was steady at 67@67}c. Bor- ley was dull and 3e lower, closing at 63c for Febrnary andG0c for March. Hogs woro quict and firmer, with tho bulk of the sales nt §7.75 @8.00. Cattlo wera in good demand and wora ashindo stronger. Salos wero princis pally at $4.00@4.75. Sheop wera stendy rnd firm nt 84.00@5.50 for common to choice. On 8aturday evening last thero was in store in this city 2,053,264 bu wheat, 1,612,746 bu corn, 492,330 bu oals, 140,787 bu rye, and 439,870 bu barley. One hundred dollars in gold would buy 8113.87} in greonbacks at the close. The Plymouth Church Advisory Council sssembled in Brooklyn yestorday nfternoon, with delegates from about 140 churches in attendanco. From tho firat day's procoedings it may bo inforred that the scandal question will bo gently ignored in the deliberations of tho Council, 'This supposition is strength- oned by the clection as First Moderator of Dr. Lrosanp Bacow, whose address stating the objoets of the gathering wes quito poremptorily instructive aa to the duties of tha delegates. 1o romarked that they wero not assembled to whitowash cither the church or its pastor; nor to try or decido tho mnin question, which, he snid, had been ngitating all English-speaking Christendom for threo years—tlo question of Mr. Bezon- ®n's guilt or innocence. Dr. Bacox added that the Council mustadvise Plymouth Church concerning its treatment of the great scan- dal, and, while revising all the procoedings of tha church in relation to it, must act on principles ond not facts. Matters begin to look serious again in Lou- isiana, Tho Honse Committee nppointed to investigato the books of the State Trensurer yesterdny submitted a report recommending that articles of impeachment be presented ngoinst Gov. Kerroso and Treasurer Dupu- cueT, the offense charged being that theso two officinls improperly diverted from tho Interest Fund tho sum of $198,000. Itis presumed that tho Senate will concur in the rccommendation, and present articles of impenchment, and that an effort will Dbe made to suspend Gov. Ker- oo pending the trial. In order to bo prepared for emergoncies, the House yesterday passed n resolution suthorizing tho Sergennt-at-Arms to appoint one hundred as- sistnnts, Gov. Kernrooo's explanation—that tho diversion of State funds was required by the emergency of 1874, when it becameo necessary to provide money for the main- tenance of tho Metropolitau Police of Now Orlenng, and that tho State was amply so- cured and fully reimburscd—is undoubtedly true. The Committeo ndmit that tho State has not lost o dollar by renson of the tech- nically illegal diversion of tho Interest Fund, and it would scem that the Democrats have seized upon a protext rather than a serious grouud for instituting the impeachment pro- ceedings, TAXATION WITHOUT REVENUE, Tho Protectionists aro laboring earnestly to manufacture public sentimeut ngainst the Mornisox Tariff bill and aginst any Tarifl bill which proposes to reduce “protective” taxation, ‘They argnothat tho object of the bill is to increnso tho revenue from customs by reducing the rates of duty on imports ; that tho duty.on foreign imports being re- 'duced, thecountry will bo flooded with for- cign-mndo goods, nnd our manafacturors will This statement s to tho purposo of the bill aud ng to its effect is utterly follncious, A tax by taviff is of n twofold chnracter : It is a tax upon the articlo imported and to o large extent o tax on the samo kind of article Tho tax on tho material of imported overconts we will essume to be 16 on ench cont. In the nbsence of such tux, the foreign-mado cont could be sold at €385 and the home-mnde cont at tho samo price. Inconsequenco of the tax, the foreign- made cont ennnot be sold for less than 350, ound the prico of the Lome-made cont is nd- vanced to the same figure, becauso the tailor has to pay $16 extra for his cloth. Now, if ten of fifty persons purchaso imported and forty purchase homc-made coats, the Government will recoive as tax %140, but the tax paid by tho fifty purchasers is $750. Hero is an illustration of & tax Inid 20 per cent 18 for rov. coue and 80 per cent iy for bounty. Tho American manufacturer frankly states that whother ke purchnses American or im- ported cloth, buttons, or sewing-silk, or other nterinls, ho is compelled to pay a tax of 510 or $12; that, owing to Jike tuxes on the cost of living, ho cannot produce the coats in competition with the forcign mauufncturer, who iy entirely exemipt from all such taxation on his moterlals, and upon nearly all the arti- cless ontering into tho cost of living; {hat, if hie wero in like manner exempt from such {02, and was, like tho forelgn manufacturer, freo to buy sll Lis materinls freo of duty, he could sell his conts as cheap i not cheaper thau tho Ewropcan, That {8 precisely tho present coudition in which the American wunufacturers of every dereription are now placed by the bigh tarifl. Tho tariff so taxes all the materinls {hoy use, and so fucrenses tho cost of living of ull their labor, that they cannot produce their goods nud sell them in competition with the foreign makers, Tho purpose of the Tarilf bill now before Congress is twofold : It proposes to abolish taxation which produces no revenue. It proposes to repeal or 50 reduce taxation on all the raw materinls entering into manufac- tures ns to plnce American nianufacturers on sn equality with the untaxed manufacturers of other countries. Tho British mauufuc. turers of cotion and woolen goods, of jron and stecl wares, get all their raw cotton, wools, and pig free of any kind of tax, Tho Awerican manufacturers pay a tax of 74 per cent on such wools as thoy wust mix with the wool of this country, and o tax of 45 per cent on all tho various chemicals, dyes, and other materials, aud 45 per cent on all their machinery ; tho cotton mnnufacturers are in liko monucr beavily taxed in tho same way ; the aunnufacturers of dron and afecl goods are toxed an averago of 50 per cent on their raw material. I'heso taxes produce but swall revenuo us compared with the whole tax collected by the consumers, and this bill proposes to repeal these unproductive tuxes, aund to soreduce the cost of raw materinls that our American manufacturers moy bo ablo to produco their goodsand sell thew, not only in this but in all countrics, in compotition with the foreigu-made goods. 'I'lat is ono object of the bill, . 'fho other puspose of the bill is to provido THE CHICAGO TRIBUNL: WEDNESDAY, FEBRUARY 16, 1876. — e revenno withont an incronso of {atalion, Taking the amount and values of tho differ- ent kinds of goods imported into the United Statos in 1875, and assuming that the smne quantities will bo imported under tho new tariff, tho reduction of reventio proposed has been computed to bo as follows : Teduction on cotton gooda, Reduction on metal Tladuction on silks aae Reduetion on wools and woolens, Reduetion on sundry good Transfereod to freo ilse Total loss of rovenue, L 810,021,014 Theso reductions are pract *iprotective” taxation, Taking a moderate estimato of the wholo scope and operation of tho tax thus repenled, wo put the protectivo tax collected of the country under cover of theso taxes thus vepenled at three to one; and the effect of the proposed reduction may bo thus stated : Taxen repMed, producing revenne, .. Taxen repeaied, producing protective Lt tes,aon wrane $16,021,014 48,005, 7 Tolal tax repealed., 404,087,656 But the Dill proposes to impose a tax on tea and coffeo, which tax has no protection about it. This tnx, which under tho peculiar circumstances of the case ndds nothing to tho cost of tho article, will produco S 000,000 of rovenue. DBut, oven assmming that it does operate ng a tax on consumers, we hava the following result : Taxes repealed.veeeees Tax on tea and coffeo. . Net radaction of taxes.. Revenno from te aud coffec. .. Lows of reventio from repealod taxe Increase of FovenuO.ecesss $ 4,000,000 Here, then, wo have ns the result of the passago of such a bill as is proposed: 1. The net repeal of 344,000,000 of taxes. 2. An inerenso of revenue of £4,000,000. 3. The reduction of tho cost of raw materials used in American manufactures to au amount not easily computed, but certainly not less than $50,000,000. An effect of this chango in the tariff will be to produce an increased importation, not of foreign manufactures, but of raw mate- rials necded by our manufacturers, Wo will import foreigu wools to e used in the man- ufncturep mixed with Americnn wool, of & class of cloths herotofors almost suppressed in this country, Having cheaper materials, our manufacturers will be ablo to make goods for export, producing more goods, and em- ploying more labor, and ocoupying more ex- clusively the home market. 'Then, with the markets of the world open beforo them, our manufacturers placed on an equality with all other countries in tho way of untaxed ma- terinlg, and having all the natural advantages of better supplies in cotton, iron, coal, and the great essentinl of chenp food, may ox- tond their productions, limited only by tho needs of maukind, One of onr contempo- raries thus describes tho proposed bill ¢ 1t simplifies the tarifl by abolishing tho doublo acd complex rates of duty which, over since the enacting of the MonniLL tariff, have been nt bnco tho kiding- Places and tho fnstrumentalitiea of thenoat pernicious protectionist awindlcs. It removes to tho free listn larga numsber of articles whichi pay no revenuo worth speaking of, butarotho means whereby mouopolists enbanco tho prico of domestic commoditics, It re- moven ta the frec et other articlos which more than countorbalanco to mwnufuctusers tho roduction of dutics on their goods. It reduces very mnoderatoly dutics which have been the open shame of our revenuo eystem for fteen yearn, Thcse aro rosl reforma if they aro not the full measure of reform, And, with the proposed reatoration of tho tea and coffco duties tho Treasury will profit quite as much aa it loszs by thie change; whoroas the people's pockots, pouriug no more into the Tressury, will pour many millions of dollara per annum Jees 1nto the coffora of monopolists, THE COTTON-TAX REFUND STEAL. Thero is no doubt that tho purposo of re- funding tho cotton tax is included iu the pro. gramme of the extreme Democrats in Con- gress. The job is so gigantie in its propor- tions thnt it has bunilt up sn immense and formidable lobby, The Confederato Con- gressmen will also feel a strong pressure frotn the States which thoy represent; and, when the question comes up (as it certainly will), it will have a determined backing that should not bo uuderestimated by its oppo- nents. We have already discussed it ina general way, pointing out tho manifold phases of the injustica and disaster which it would work to tho conntry, But the renl extent of tho disaster can only bo properly appreciated by a comparison of the nctual amouut of money nocessary to be rofunded under such a measure with the other mnounts that would logically nnd fairly havo to be refunded ns o result of the precedent that would thus be eatablished. Wo aro ennbled to mako this from figures which the Cincinnati Commercial Las collected with considerable labor, show. ing the various nmounts of monoy collected by tho Government during the same period s tho cotton tax, and from taxes which were cqually direct in character and equally oner- ous to the peoplo of the North, whosustained the great burden of them, From direct tox- ntion of the samo nature, tho following smounts were raised by the Government on manufactured articles during tha six yenrs from 1863 to 18G8, inclusive: Artlcles taxed, Clothing ... Furniture, . Tudi Tron and Ita Teathier... Muchiuery . Stoatn enginen, Turead and twith Miscellancous tma 3 Now it it shall bo hold that tHe cotton tax must be refunded bocause it was unconstitu- tional, being a direct tax, then the amounts enumerated above must also be refunded, be- cause thuy were also raised from o tax which waos equally direct and therefora equally un- constitutional. But if it bo said that there is on essentinl diforenco between such tax on munufactured articles nud on raw materinl (which thero is not), then it con Lo shown that other products of the soil were taxed during the same period, and sinco then, in their crudo and wuworked condition, ‘Thoe following muoy bo introduced o3 the more con- apicuous exnmples; * Articles tazed, Bullioa, 3 Amount, i 4 Mol Yetroleum and erud ol Tobaceo (sLoiy P oo Now, tho total cotton tax amounted to £08,072,388 during the six years when it was levied. But if this amount is to be refunded because such a tax was collected, then it will bo necessary to refund also between $600,- 000,000 and $700,000,000 more, becauso the latter amount was raised by a similar process of taxation, ‘To this should also be ndded, perhups, the rovenue that wes derived from the income tax, which was direct in the same seuse. In other words, the proposition to refund tho cotton tax is a movewent in tho divection of national backruptoy. Such n result would be inevitablo from the applica- tion of the only principlo or theory which would justify the refunding of this tax. The simple fact s that all the monay is- sned in this way was for the extrnordinary and necessary expenses growing out of the War, and it has all been expended long ngo. If the War justitied the Legal-Tender nct, which forced upon the people hundreds of willions of dollara of non-intereat bearing obligntions, and compelled them to accept theso notes in payment of individunl debts, then certainly it justified the collection of taxes to carry on the War. Aud while the peoplo of the South Lrought on the War and rendered this sort of taxation uecessary, they only paid tens of millions towards ils cost, yet the people of tha North, who wero in no wiso responsiblo for it, were fined hundreds of millions in the very samo way., From this point of view, how is it possible for tho Southerners to sot up o claim for the return of tho cotton tax with- out admitting an equally good claim for the return of all tho other taxes we have enu- merated? Lo do this would Lo to repudinte the war-power of the Government, nud vote that the expendititres on accqunt of the pros- ccution of thoe War wero illogal and void. This is n monstrous proposition, tho success of which would be infamous from a political point of view and ruinous in a financial way. 1t is in thig spirit that the movement for tho refunding of the cotton tnx must bs met, aud it must be resisted with all tho desperation of o fight for nationsl existonce. ‘THE COMPTROLLER'S ESTIMATES, Mr. Comptroller Havrs submitted to the Coummon Council on Monday night his esti- mates for the city expenditures. Though tho flacal yenr ends on Dec, 31, ho suggests that tho City Council appropriate for tho cal- endar year ending March 31, 1877, so as to havo tho approprintions for 1877 made by tho timo thoso for 1876 have been expended. Hiu ostimato foots up in the sum of 34,817« 344, This, it should bo.remembered, is for twolve months and not for nine months, Included in this sum is $500,000 to furnish o fund for the extinguishment of tlie indebt~ edness ov deficiency in the revenues of pre- vious years by the failures of taxes, Thsde- ficiency hns been growing from year to year, and will have to be met at somo time, It is true that the Comptroller ro- ports o large surplus of uncollected taxes over all outstanding indebtedness, but of theso uncollected taxes there is n great sum that never will bo collected. The Bu- premo Court has sct sside several lovies of taxes, so far as the power to enforce their collection by sale is concerned ; this practi- clly is o loss of the tax on the personal property included in these levies, while the tax on tho realty remaing n lien on the prop- erty and n cloud on the title, Tho Comptroller also includes in his esti- mate $240,000 to cover lost yoar's appropria- tion for water extension. It will bo remem- ‘bored that last year the Common Council ap- proprintod for this purposs *the proceeds of o tax of one mill”; but, when tho time camo for certifying tho nmount of revenue to be raised, this appropriation was too in. definito to bo cortified, and thereforo no tax was laviod for that perpose. ‘The moncy, it appears, was exponded, but, ns no tax was lovied, there is now a deficiency.’ Deducting these two items, tho cstimated cost of tho City Government as figured by Mr. Haves is about $4,100,000. Last year the appropriations were $5,123,900. Includ- ing the deficicncies, the cstimato falla short of lnst year's actunl approprintions about $100,000. It is necdless to say thnt tho Comptroller is several millions of dollars lesa in his estimoto than the soveral departments demand in the aggregate. Llowever com- mendable may bo Mr. Haves' attompts to reduce exponditures to the minimum, we very much fear that the Council will pay littlo heod to lis suggestions, bat will run the tax-levy for 187G beyond all precedent. THE LATEST FINANCIAL RUBBISH, My, Canren Hangisox evidently proposes to contest with Mr. Saanty Cox, Mr. Procron Kxorr, and Mr, Senixoer, of Tilinois, the position of Congressional Humorist, At all ovents, ho has made one well-directed effort to this end. Ie has introduced o financo bill which certainly must have been intended a8 o burlesque on all previous Democratic efforts at reforming the condilion of the Americau curroncy, If this was the purpose, Mr. Iannisox for oneo hins been cninently suceessful. But if his financial mensure is the result of a serious cfort to solve the problem of the day, then he has produced the most incolicrent, rambling, and senscless schemo that has ever been presented ton legislative bedy, Thero is just one section in Mr, Hannwox's proposed measnro which is worthy of commendation,—that proposing to repeal Sce. 1 of the Resumption act of Jan, 14, 1875, which provides for the costly and inefilciont process of selling bonds to boy silver ond mubstitute it for fractional ecur- roncy. But, if wo can rid ourselves of this burden only by londing up with the addi- tional burdeus proposed by Mr, Harnuson, it is better wo should “‘bear the ills we bave than iy to othors wo know not of."” Mr. Hanusox's proposition may be briefly summarized by the statement that it pro- vides in effect for the nubstitution of green- backs for the National Bank notes, aud for o process of resumption which would bring us Lack to specie-payments about tho timo we shnll preparo to celebrate our second ceuten- ninl, Io fimt stipulates that Government notea ghall bo issued in placo of Nationnl Bauk notes to the extont {hat the Intter are retired, 60 long s tho tosal outstanding cur- rency shall not exceed the nggregate nmount in circulation Jan. 14, 1875, something over £700,000,000, But he provides in tho next seetion that the National Banks shnll be re- quived to put away in their vaults all the in- terest thoy draw from their United States bonds doposited iu the ‘Treasury until thoy ahnll have a gold rexervo equal to one.third of their outstanding cirenlation, Of courso the banks will never do anything of tha kind, but will simply withdraw their curyenocy as ropidly o8 they con without too grent o saeritico in tho sulo of thoir bonds, This process, under DMr, Ilannsox's bLitl, would lead to one of two resulty, viz. : (1) It wonld inflate the Government notes from something liko $370,000,000 at present to over 700,000,000, unless the Bupromo Court interfered, a8 it quits probably would, for such inflution would bo in positive viola- tion of the law of Congress of 1864, which solemuly declared that *‘the total smount of United States forced notes issued aud to bo isaucd sball nover excecd §400,000,000." It would also Lo in violation of the Supreme '{lom'f'u interprotation of the Legal-Tender nct, which gained validity, as the Court held, only on aceount of the war necessities of the Gov- crnment. (2) If the Supreme Conrt should refuso its snnction to the issuc of greenbacks in excess of what may bo called the constitu. tional limit of $400,000,000, then Mr, Haz- | u1soN's now restriotions on the National Bonks ‘wonld load to a contraction of the currency to the amount of 300,000,000, Either of thoso results would be detrimental %o tho country’s intorests in a degreo not ensily es- timated. But Mr, Hannisoy's nbsurditics do 20t stop hore, Iiis plan for resumption is ms wild ns n hurly-burly, He proposes that the Gov- ernment shall hoard gold at tho rate of $16,000,000 annunlly, and stow it away in the Tronsury vaults till the acenmulation shall oqunl one-third of all outstanding Gov- crument notes, 'That is, if tho issuo were permilted to reach $700,000,000, in violation of law and Coustitution, the gold accumula. tion would have to bo 213,080,000, which, at the rato of $16,000,000 annually, would requiro some fourteen or ftfteen years. After all this, aud at tho end of thie time, Mr, IIan- nisoN would begin redeerning af, the rate of 212,000,000 annually, which wonld take (if 2700,000,000 were out) abont fifty years longer before comploto xesumption could bo atinined. Besides this,—and here is tho very ncme of Mr, Hannsox's absurdity,—he doos not provido any systemn wHeroby this $12,« 000,000 aunually sholl bo distributed. 1Ile leaves in doubt whothior it is to bo paid ont on the rule that **first coma first served” ; or whether tho ndvantagoshall be parcoled out af- ter the manner of city contracts by a ring to tho highest bidder; or by the Kentucky Freo-Library lottery system of prizes,—ench man taking one chouco in fifty to draw gold for his greenbacks, At this point all sorious discussion of Mr. Hannmox's method ccnses to bo possible, and it must bo dismiss. cd as tho most sublime *‘ridiculosity” that s yot been manifested in the currenoy dis- cussion, MR. FISH'S SPANISH NOTE, Tho comments of the London Z'imes on Secretary Fisn's recent Cuban note to Eu- ropenn Powors is significant, as it is a trust- worthy reflection of tho sentiment which that noto meots in England and probably other parts of Europe. 'The Z%mes objocts to the stylo and much of tho substanco of what it calls “‘ Mr. Fisn's indictmont of Spain"; and yot it is constrained to admit that tho con- dition of Onbn is ospecially obnoxious and dotrimontal to Americon interests, and that itis tho result of n policy which ought to bave been abandoned three centuries ngo. The main criticism it makes is on the style in which the note was writ}on, and tho fact that it contains moro genoralizations than specific instances of injustice and cruelty to Amer- ican citizens, Yot it ndmits that SBpain in- sists upon treating Cuba 8s it did before the iden of colonial rights had been born; that the frequent changes of locnl govern- ment, and the fact that tho island has been made a sort of Botany Bay for the dissoluto and unmnnageablo soldiers of Spain, have rendored it exceptionally barbarous; that the slaughter of tho Virginus'crow ought to have been followed by the hanging of the man who ordered it, and would hove been if ho were an Englishman; that Spain has mado promises to America only to break them; that ono of the richest islands on tho faco of the carth has been dovastated; that tho war to crush tho rebellion is systemntio savagery. In thoe faco of all this, it mointainag that Europe will Lold that S8pnin must bo left to sottle its own affairs, and that American in- terference in Cuban affairs would bo regarded in much the samoe light a8 if 8pain had intor- fered in the Amorican War of the Rebellion | on behnlf of the South, The purport of British sontimont on this matter can bo in- forred from the following extract: Amories {8 acting with at least s much moderstlr 83 this country would display if Cuba wore as uear g Cornwall sa it 18 to Florids, In uch acase wealy yuiq require Bpain to protect tho proporty of 0Ur cOW ptry. men, and 1o take tho obvious means of restoriv g por colony to & stato of peace. The rhotorloof ,p En. glish tapatch would bo moro measured and yroctso than that usod by Mr, Fism, but it wouldler 4 to de- mands ot least as keen, On tho other hand,, the dia- puto s ono of thoss whieh may benrrange § withont ‘war, or even without the format fnterventic p soliclteq by America, . . . The representativest- e friondly States can evally show the Spanish B stors, with cut tho formalily of futervention, that ‘st would bo no diseredit to grant ressonable der ¢ ands, capor cllly when thoy havo been put forwas .f by n State whiich would in the long run be & m3 ek for Bpain, oven if ahio wero ns powerful 36 aho:Ws -} fn lior Tmpor rial days. It ought fo be the moro 64 yto glve and to take advico bocause tho United 8tat 3 arg manifestly eager to avold extremitlos, and Woul *; ho glad of any reasonable compromiso, On the othor hand, the Bpamsh peoplo aro aa ignorant a8 /. hey aro proud, and it will nced moro courago than the ’ ;r Minfatars nsually display to tell tha Cortes what 18T po roal atato of Cuba, and what {a the solo remedy for mtarule, In other words, Eng'umd scoms to bo hoping against hope that, in gomo s yot nn- defined way, the horri'c'fe warfarc in Cuba mny be brought to a 87 ¢,edy and satisfactory conclusion by pormi‘czing matters to tako their own courso, "The vote in tho I ,0 wer Mouso of Congress on Monday Inst wpon Mr. Hire's finance resolution, althorig’n it seems to have boen defented byAn Dor ty voto, does not furnish any conclusive gr punds for judgment ns to what the Demor rats will oventually do upon tho question of specio resumption. It indi- cates quita®eler nly that thoy nro averse to bo- ing put upon, the record until thoy have ar- rived ot 801 no mntunl and distinct under- standing ar aong themsclves. It shows also that they &' ¢o at lenst not very enthusiastio over spec’ s rosumption; that they aro dis- posed te, avoid it ns much ms they can, a&'ad perhaps even that they are inclined, to follow Fenvavpo Woon's cow- ardly ‘advico to adjourn without making ay oxprossion of opinion. At lenst it way ‘bo nssumed that, whilo the polioy of the Farty is pending in the hands of its Cau- cus (Jommittee, the party itself will fight shy oI ndopting any declaration upon tho sub- ject. 1t i, thereforo, not fair to nssume that thaso 18 votes aro opposed to any improve- mont of the value of tho currency, It is, on the other hand, much fairer to assume that the Domocracy regarded Bfr, MALe's resolution a8 buncombe, Viewing tho sub- Ject in this light, it would have been better hnd Mr, Havre presontod some dofinite, com. mon-gense method of resumnption, and then elicted o test vote upon it. It is lardly fair to assume that the majority will allow the miuority to dictate, As the minority is not responsible, the majority ought to be allowed to produco mensurcs, and this ia thd rulo that the Democrats ovidently followed in their action upon HaLe's resolutio: The impudent effort of FenNaxno Woob to force the man HausLeToN upon the Commit- teo of Ways and Means, after his resignation Lnd beon asked for and nceopted by Mr. Mon- 1180N, has failed, if we may believe tho Wash. ington dispatches, which state that the Dem- ocratio mombers of the Committeo refuse to roinstate him. It is not surprising that, Woop wished to force him upon tho Committes. Woop is in asympathy wich him, During the War, Fenxasvo Woop wos @ Rebel. He waa in treasonable cor- respondence with Toowua and other I¢ isders of the Rebellion to take New York C'iy out of the control of the Federal Government and make it a “‘froe port,” as ho ta wued it, and was elected to Congroess by the roughs, and rowdies, and rnsenls in tho ptams of bis district. What ITasmreron's record bins Deen, wo havo alrendy printed in dotail. In 1859 aud 1860 he published n nowspnper at Atlanta, Gn., called tho Daily Southern Con- Jederacy, in which he printed what hoe enled “Whito" and “Black” lsts of Now York morchants, the White list containing **tho Conatitutional houses™ nnd tho Black lis$ 4 Abolition houses,” the formor being sup- posad to bo favorable to the causo of soces- nfon and tho latier unfavorable, ‘Fheso lsts wore used by him and his ageuts for the purpose of blackmailing and oxtorting monoy from Now York merchants, and driving nway Bouthern oustom from thoso who were op- posed to the pro-siavery schemes of the fire. ontors, This follow wns denounced nt that time by Democratic and Republienn papers alikons n blnckmailer, This was in 1859 and 1860, In January, 1863, HasupLerox was in Now York under an assumed name, engaged in contraband trado with tho enemy. Ho was nrrested and sent to Fort Lafayetto, where bo romained severnl months, Upon lying protestations of loynlty ho was re- Ieased, took an oath of allegianco to tho United States, and gave his parole not to dry. port from New York without written prur. mission. Tho next heard from him is his arrest in the Intter part of 1863 whilo trjing to sinugglo goods contraband of war into the Southern lines. Al the facts of his record wera known to tho Democratic metrsbers of the Committeo when he was appoiiated, ox~ copt the fact of his naming his ciri'id for the nssasgin of Annanas LiNcory. It is evidently tho purposo of 't he Doard of Trade Committeo to push the'p reform in terminal charges on grain wit' ; as much do- tormination ns thoy did the m4 tter of railroad diseriminations ; and while o gaiting tho suc- cessful fssuo of their Inbors. the publie will not bo slow to discover wh gro the responsi- bility rests for impeding ry satisfactory con- clusion. At present t'nero are terminal charges in this city amounting in the oggregato to B centii o bushel on all gran consigned {0 ¢’joyators. It is the desiro of the Commitl ,q that they shall all bo abandoned. Theso ¢ aprges aro mado up a8 follows : 82 n car for : gwitching; $1 a enr for “trimming " ; 50 ¢ nts o car for inspection ; and 2 cents abush 4] for stornge. Tho ole- wators have agreed ;, ng wo understand, to give up tho charge of ©1 o car for * trimming,” and reduco the 4 “torago chinrges to 1 cent a bushel, if the railronds will abandon the chargo of 82 n« aar forswitchiug. 'Tho chargo of 30 cents & car for inspoction cannot bo renched, beer nse this is o Stato matter. The chorgoof 1¢ onta bushel on stornge is not oxcessive, I 3 viow of the ndvantago it securos in certifyiri g tho woight and grade of grain, about wlri gl thoro is nlways serions dispute when tlva, grain is merely transferred from ono ear ' p another. DBut thero is yet o dis- puto 11 ;4o whether thoe railronds shonld not poy thig 1-cont charge, and whother thoro shoul'” | not bo soven days' storago allowad, in order*,to given mnrgin over tho fivo days' ‘““ref qular” recoipts for buying and selling. It ¢ wght not to bo difMcult to come to & satis- fn gory ngroement on these points; but, be- ft. ro the matter is finnlly disposed of, the T ailronds should be constrained to abandon fho side-tracking chargo of from 32 to $5 o onr whon grain is not consigned to elovators, soasto leave both plans of handling on a comparativo equality. Ono of the local Olio pap rowds the rag- baby Enquirer to atato whother it * will uso its vast influonco to tho advancoment or to the do- fent of the Domocratic nomince, provided the Couvention nominates him on a hard-money plat- form."” Tho Enguirer makces this anawor: It 4 our hiabit to support all Demoeratic nominees, Wo will not bo of mueh servico in tho canvass, We are afraid that v;o will holiave almoat as_Ladly as Sen- ator THuraN did Jast yenr, when the Democracy of Dis State bade dofiauco 1o Natlonnl Banka and” tho bondholding aristocracy, We shall probibly turs our attention o sgriculturd topics viowed frow n Alary- land standyoint, A New York dispatch states that Mr. BoweN, io & fotter to tho Plymouth Church Committoo, has asked that tho charges and specifications sgaingt bim Do given more definitely, and also = list of tho witnosges who aroto appear againat bim. Tho roquest {4 n ressonablo oue. If Mr, BowEeN's chinrges aro true,tbo should bo allowed all tho ropo bo wanta, If thoy aronot true, by giving him all tho ropo ho wauts ho will hang himsolf mith it, —— ‘Tho Baffalo Commercial Adverticer might do well to remombor that thie Domocrats are not likely to nominato a Honace Gneerey this year for President ; that blundor will scarcely bo re- peated; but from the way it is crowding CoNg- L1Na forward it scoms to act on tho supposition that & nomination 18 cquivalont to an olection, and that thero la going to bo a walk over tho course, which is all & mistake. Only tho strong- est man can wim, and it {8 at best doubtfug whether ovon he ean. —— OBITUARY, COUNT LOUIS DE CARNE, ‘The cable, day hofore yestorday, brought tho intelligenco of tho doathof two distinguishe ed members of tho Instituto of France. Tue firat of theso was Count Louvms Manceiy pi Canxr, ono of the most ominent of the Fronch publicists and hiatorinue. Ho v7as born in Brit- tany in 1804 and at tho age of 21 recoived an appointment in the Foreigu (fige, from which he passed into diplomacy, In 1853 he was 8 Becrotary of Embassy; in 1833 was chosen to tho Council Gencral of the Dopartment of Finistero; and in 1837 wao decorated by Lours Pminirre, In 1839 ho cu- tered tha Chambor of Doputios, the next year Joined tho Opposition, aud in 18¢5 nearly brougbt on a Ministorial crisis. In 1847 ho was made Commereial Director of the French For- oign Ofiico, After tho Revolution of 1B48 ho withdrow from publio affairs, and 1808 wan elected to tho Yrench Academy. ITo way 8 voluminoua and oficient contributor to such periodicals as tho Reoue des Deux Mondes nnd the Jouraal des Debats, and pub- lished a number of works of a politico-hiswrical charactor, tho most lmportant of which being his * History rsf tho Founders of Freuch Unity," {saued in two volumes botween 1818 and 1856, Iu 1865 ho pablished a smatl but striking volume on "“Europe aud the Second Empire." ‘I'ho sccand was OADRIEL ANDEAL, who died on the samo day with Count ne Canne. ITo wau born In 1797, and was onoof the mout eminent of French pathologiats, I rccelved his modical degrecy fu 1821, and io 1839 hia col- Jeaguios of tue Acadomy of Medicine called Lim to wucceed Broussals in the chair of pathology and gouoral thorapautics. He publiubed, be- twoon 1823 and 1820, a number of important oyodical works. In 1813 bo succeeded Dounre in tho Academy of Sclences, and in 1838 was 1aado & Comwauder of the Legiou of Hounor.* OTHER DEATIS. Tho voteran actor, Cmaues Tiawe, dicd at Morrieanis, N. Y., ou tho 11th ‘mst. Ile way boru at Ballington, Eng., in 1819, aud mado bLis flrut sppoarance at Hereford in 1337 us Thessalus in * Aloxnudor the Great Fiis first appoar- anco lo America was mado Mayy 7, 1852, at tho Broadway Theatre, Now York, as Sam Warren in “The Poor Relation” Ilis most recout uotablo succoss was as Mcler Moss in * The Ticket-of-Loave Man.” Tho Now York Tribune eays of him s ** Mr. Havg was thin and smsll 1o ‘person, formal in mannors, studious, thoughtful, davoted to his profossion, a correot mator, ee- pecially eapable of making effective those party in whicli—as In tho crafty exocutionor ln ** Lonig XL"—danpes ia 1stent bonoath compoaure, and ngood aud worthy wman, 1fa was married to Cuanvorte Fuaxce, who made hor firat appear. anoo an tho Amarican stago, May 8, 1852, at the Astor Placo Opora-Houso, ne AMargaret Over. reach, to tha Sir Gfles of G, V. Brooxe, and who died In Clucinnati Dec. 6, 1805.” The Washington papora contaln tho announce- ment of tue denth, aftor & painful illnoss, of Mrs, Ianmer Faxr, wifo of tho Hon, A, U, Wyaraxw, Assiglaut Treasuror of the United Wtatos. Tho Chronicle nays of tho deconsed ¢ This sad ovent will carry sorrow nnil mourning to s Targy clrelo of Joving frionds boyoud the immediata domain of tho home slo adorned by ber vittucs, and mado beautiful by hor nffectionate care and native re. fincmont, Mra, WrstAN was n_woman af trus excol. Ienica of character, o dovoted wife, and fond mother, Bocloty bad fow clinrnin for her, ‘How could sho best contributo to the comfort _and happiness of those by wliom slio tva1 surraunded 2 Dy whiat mothods could sho moat surely direct her chiliron in tho path of fonorand of dty 7 1u what “way could she rondor the greatost nervica to her Gou, to hor Church 7 Thowy wers tho subjects which engroseed Ler attention] thls wus the atudy of her truly vobla ife. PERBONAL. Tetor Cooper waa 85 yoara old last Batarday, Mra. Buah has boon eloctad Btato Librarian by the Kontucky T.egiatature. The rocontly-decensod Thomas Liversidgoe, of Dorclieater, Maes,, loft $100,000 to found an in- gtitution for tho cducation of poor boys. Jonuy Lind-Goldschmidt bas presented s me- morial window to the Charch of tha loly Trine ity, ot Wimblodou, Loy, in memory of Dr. Wit- berforco, Twonty-fiva thousand coples of Dr, Hollandt last novel, **Savenonks,” have baon disposed of; aud its dramatization, by tho suthor sok Aiss Qildor, has boen comploted. * Lor' aakes,"” grosnod an old lady in greox spoctacies, as sho hiobbled out of the Plymonth meeting last night, ** how muoch wear avd worris wo might have boen spared i our dear pastor had baen born a woman "—DBrooklyn Argus. ‘The Major-Domo of tho Pontiflcal Palace al TRomo hias just ordered 800 lightning-conductors for tha Vatican and 8t. Petor'. This (eneors aa unboliover) is rather inconsistont with tho doo- trine of Papal infallibility, Revival-meotinga aro being hold in the Untvers ealist Church in Borgen, N. J., of which tho Rov. Puwmbe Hanaford is pastor. Ouwc of the resulta of tlio movemont Lias beon to mako a luuntio of Georgo Fielding, the sexton. According to the Dotroit Free Press, s Boston lndy meant to faint away as the train crossod the Buspension Dridgo, but she got to criticistng another lady’s bonnet and forgot all mbous the bridgo, Sho fainted 6 milea this side of it. Begsio Turuer is doclared, by Lor advortise- mont in the DBuffalo Commercial Adverliser, to bo *the most begutiful, talentod. snd instract. ivo locturer on the rostrum.” 8ho should have ndded: **and tho sloopicst.” Eh, Theodore ? My, Boeclior complaina tuat his disconrsos ara vory inacenralely roported by the Now York and Brookiyn pross, and haa given publio notice that ho will not be held rosponsiblo for hls sormons savo as publishod fu his owa paper, tho Chris- tian Union. Paschial Lloyd, of Raleigh, N. 0., who died the othior day, aged 73 years, was burled, according to his dying requost, with his overy-day shoes and hat on, his cane by his side, aud with tho coffin-lid unscrowed. Tho old gentlomsn withed to bo all ready for tho last trump. A man in Oswogo County, New York, propomes to woar to the Contennial & pair of trouscrs that his grandfather wora in 1776, Tho faot that the Wolshmen of Philadelphia.’aro orgaulzing for & represcutation at tho International Exhibition, is chironiclod as a “rarobit " of Centcnnial news, The Prince of Wales has received, aa a present from the Maharajah of Uashmere, a sword valued at $50,000. ‘The Mabarajah of ;Xodoro wantod to givo Albert Edward $230,000, but waa finnlly porsusded to cub tho amount down to #25,000. Dy tho way, the lnst-named Rajah hsa $25,000,000 stored In Lia palace. City editors are not ususlly addicted to ro- manco ; and yot tho Littlo tock (Ark.) Herald of recent dato containa tho following: ¢ Will tho lady who sont tho local editor tha boautitul bouquet yostorday plesse send hor name, that Lo may roturn thanks in & more befitting man- nor than through tho columns of tho Herald?™ The London Times publishos a list of big Dritish failures duning 1875. Honding tho list are I. O. Im Thurn, Bandorsons, and Collie,— the amount in each caso boing over .£4,000,000. ‘Thon como Young, Borthwick & Co., £2,600,= 000; Robort Bouson, £1,000,000; with many more involving sums aimost as large as the lat- tor. Georgo Clark, in a lotter dated London, Jao. 20, says: **I am proposing to ‘star’ the prove loces, as Mr. Boucicanlt's roturn to tho Btates noxt month givos me o splendid opportunity to play his purt of Con In tho *Bhaughraun,’ and ] am going to make the most of the opportunity. Do not bo surprised it I should rotura to you 1 full-fledgod Irish comodian.” Bayas tho Doston Congregationalist: * Miay Tattio IT, Amos, s former onthusiastio Latis pupil of Mr. R. L, Porkine, of this city, finds constant employment in catalogning large pub- Lo librarics, having catalogued the olty Hbraries of Cinclonati and Chicago, and is now at work upon ouo st Burlivgton, Vt. Her first experle enco fu this direction was in working upon the Boston Athonmum library, somse years sgo, with Mr. Poole.” The Iate Anthony Rothechild's son-in-law, a brother of the Earl of Hardwicks, fs sald to ba the first Christian who lLas marrled {nto that famoun family of bankers, The other daughter of the Iobrow Baronot la etlll siuglo ; and, as £4,000,000 to bedivided botwoen the two slaters, it is thonght possiblo that some vthor Christian gentloman may bo fournd wiliing to eacrifico his roligiowy prajudices ou tho matrimonial altar, Mr. Boechor, n his church, last Sunday, ro- forred at some length to tho Advisory Counecil, paying, among other things, ** I am happy to a4 suro you that tho Council will bo Lield, notwiths atauding the most onrnest offorts that have beon mado to provent it bLut the minds of the churches have baon divinely directod to an af- firmativo roply," It will bo obsorvea that Mr, Becchor claims to hold confidential relations with the Almighty. Two bills for 309,000 francs oach have recently been nogotistod inNew York., Tuoy were drawn by the Astor catate on Ilottigucr, of Parts, and bought by August Bolmout, having beon pre- viously lndorsed by Joha Jacob Astor avd the Nationa! Bauk of Commerce. They will go in tho course of busincss to the Rothsobilds. The aggrogato wealth of tho persons whoso nsmes will flually appear on those billa {a estimaled ab soveral hundred million dollars, ¢ The bilta are prabably good. Col, Dailey, of the Firat New York Cavalry. was married to tho widow of Gou, Btubbs, of the Confedersto army, at Ldenton, N. O., last weok, A New York corrcspondont mentions a8 smong the weddiogs on the tapls the followiog & Mr, Jameos (ordon Bounett to Miss Ids May, of Boaton; a 85n of Gen, McCook, of Ohio, to Aisr Alexsndor, daughter of the Vice-President of tho Equitable Life Insurance Compauy; young Buraside, of Rhode Istand, to Miss Bherwood, 8 ninco of Bouator Conklivgy and Possmastel Jamoe’ daughtor to Mr, Persbns, The Cincinnatl Gazelte judges that Mr, Par ton's marriage with his step-daugbter was rovoltiug, and not palliated by the tact that Miss Eldredgo was not an inmats of Mr, Parton's housebold during the lifotime of his first wile. 1t furtuier bolds that, it tho marriage be ratified under the loosor legislation of other Btatos, Pare tou caunot escape iho overwhelming conaure of publio opinion. We are vory certaln Mr, Parton will ratify the murrisge, and Lie owes it to Mies Eldredge todoso. The Gursite has msde the wistaks of confoundiug the Pontateuch with the law af the land, wheress it ia only law i & fow Btatos, aud obsolete law st shat. The whole of