Chicago Daily Tribune Newspaper, February 19, 1876, Page 4

THE CHICAGD TRIBUNE: SATURDAY TFEBRUARY 19, 18i6—TWELVE PAGES. TERMS OF THE TRIBUNE., + RATES OF BUDSCRIPTION (PAYADLR IN ADVANCE). Postnge Prepnid at this OMce. " Dally Editian, postpald, 1 year... woreenen 813,00 Parta of year at samo rate, 4 atled tn any addrese OO wXE 1.00 un: .00 . 660 Partaof yoarat same rate. WEPELY EDITION, POSTPAID, . g ‘The peatsge Bpocimean coplos sant frea, . _Toptovent delay And mistakes, be sure and give Post ©Offica addrass in full, including State and County. Remittancos may be medo either by draft, express, , Post-Offios order, or In registered lotters, at our risk, TEAME TO CITY SUBSCRIDERA. Daily, deliverod, Sunday excepted, 23 cents por week, + Dally, deliversd, Bunday Included, 30 ecnts por ook, Adi THR TRIBUNR UMPANYlh 1. ‘which We witl prepar, ‘Joar, ADELPHI THEATRE—Dearborn street, corner Monroe, Variety performance. Afternoon and svening THEATRE—=Randolph siroet, betwoen Ol’ljrgoltl;‘;y:flnllcl. T Cl].l{mllplflnllreh. After- . noon and evening, MOVIORER'S THEATRE—Madison street, between Dearborn and Btate. Hnfiuqemenl of Me, aud Mrs, W, J.Florence. * The Mighty Dollar,” Afternoon and . evening, ‘WOOD'S MUBEUM--Monros ntroet, between Dears born and Btate, “Devotion.® Afternoon and evening MCCONMICK IALL—North Clark street, corner of Riutle, Concert by the German Military Band, After- noor A evening, The @hieage Tribune, Soturday Mornng, F’obmnry 19, 1870, WITH SUPPLEMENT. Rnain or snow is prodicted for this rogion to-night. Groonbacks at the Now York Gold Ex. cthange yesterday closed at 88. — Democratio aconomy in Congross ia forcibly Mlustrated in tho fact that out of 2,169 bills Introduced at the present scssion but ecight have becomo laws. Averago cost per law, * up to this time, $200,000. = According to tho statements of VArxey and Hanscourt, two naval officoholders exam. ined by tho House Committos yestarday, the conduct of tha marine branch of the national dofenso is, in some respects, as rotten ns the amost anciont hulk appertaining to tha ser- vice, and furnishes fully as hospitable n refugo for barnancles. Commissioner CLeany is reported in a state of perplexity regarding his duty in the mat- tar of salary, Pending tho scttlement of the question whether the County Bonrd may law- fully vote themselves more than 2,50 per dny, Commissioner CLeAny and the rest keep on drawing thoir pay at the rate of $6, para- phrasing Hoxwz after tho prevailing fashion ; “*When in doubt, take the trick.” The bill offered by Assemblyman Vaxox for the repeal of the Porren law was yestorday ordered to o third rending in the Wisconsin Senato, the vote boing 28 to 8, which is an dndication of the voto on ita final prsaage. An smondment was odopted prohibiting discrimination in ratos as between persons shipping from the same point, but with no vpplication to ghipments from compoting pointa. : The Maine Logislaturo has passed o bill nbolishing the desth ponalty, and substituting Imprisonment and hard Inbor for lifo, and the moeasare *only lacks the approval of the Gov- ernor to become a law. An effort was made to permit tho people to determine tho matter by a direct vato at tho next Stato clection, but the semtimontal Solons, of tho Benate were unwilling to risk tho experiment, and voted down the proposition, The Comptroller's advico to the Financo Committeo of tho Common Council is to bo heartily commeonded. Mo urges the Commit- ‘toe to go slow in the matter of tho construc. tion of o new City Hall; that the City Trens- ury is deploted, and the city is in no condi- tion to pay $1,600,000for the building, Tho tax-payers of Chicago are in the humor to opprecinte this kind of nrgument, and oro iikely to romain in that way of thinking for some timo to com ——— In tho month of April, 1874, thres Italian strollers, who had followed n countryman of theirs namoed FranciscoParenno from Now Drleans, waylaid and murdered thoir viotim at night in an unfrequented stroet in St. Louis. The assassing followed PATERRO yes- Lerdny, their point of doparturs being tho 8t. Louis Jail, and the company collacted to bid thom adion being composed of three clorgy- men, tho Bhoriff, his assistants, and sovoral xoportors of tho daily press. It is.pleasing to know that the murdorers, through their spiritual advisers, forgave the world collect. Ively for the injustico thoy hiad suffercd ut Jts hatds, ‘We undorstand that alarge number of mem- ®ers of the Board of Trade of this city aro $n favor of moving into new quarters. Tho "Board has grown #o much in numbora since 3Jbe firo that the hall is now crowded vory yuch during the daily sessions, and the air sometimes vory bad in consequence. It is roposed to secure a new building, in which he floor of the Exchange Hall will bo nearly ;m tho lovel of the street, ns in Europe, and o put tho coiling o Ligh that bad vontila~ I!lon will bo out of tho question. 'The fact Jhat the Bonrd kolds & long lease of the pred- ‘pnt building is not considered to bo an in- uperablo objoction. The London Zimes of yestordoy took up 2he recont note of CorraNTEs, the Bpanish Plinlator of Foroign Affairs, in roply to the erican circular—the note which will be ro- embered a4 painting in such rosy hues the jpicturo of Spain's admirablo meusgoment of Xhe Cuban difliculty, The Z%mes thinks the hing was overdone, that the color was laid on 00 thick, and that tho result is & potch, The editorinl article couoludes with the sonten. tious remark that **ho country secks to intor- ¥ero by force with Bpain's pussessionof Cuba, Ybut it she cannot govern it she would do well fiwm&dor how she could best prepare it for o freedom which always follows colonial xolsrule." ‘The Obicago produce markets were gener- sliy firm yosterday. Mess pork was active sod & shade stronger, closing st $2L.46@ gl.nu for March, and $21.70@21.73§ for ‘April. Lard was active and Go per 100 tbs thigher, closing at $12.95 for March, and' §18.10 for April. Meats wero in fair demghd: .wud stoady, closing at 830 for bozed shohl- 78, 110 for do short ribs, and 120 for do ghort cleara, § Highwines wero quiet and unchanged, ' 4t $1.06 per gallon. * Flour wes ;dull * and’ stendy, » Wheat was more active and 10 higher, closing at 1,02} for February and $1.00 for March, Corn wns nctive and Lo higher, closing at 427c cash and 4i}e for March, Oats wero in better demand and e highor, closing at 31jo for the month and 82{c for March. Ryo was quiet at G6}@ G7o, DBarloy was in fair demand and jc highor, closing at 630 for Februnry and 62}c for March, IHogs were active and a shado higher, closing firm ot $7.76@8.75 for poor to fancy grades. Cattlo wero dull and 15@ 20c lewar, Blieop wero firm and unchanged, Ono lmndred dollars in gold would buy 113,76 in greenbacks nt the close, Last fall the columns of T Tnisusz wers placed at the disposal of tho young peoplo for the discussion of the matrimoninl question, and the manner in which the opportunity was improved, and tho thorough and compro- hensive interchango of viows which the dis. oussion ovoked, justifica the inferonce that the troublesome problem, Ifow to Get Mar- ried, was happily solved in numerous cases. Recognizing in somo measuro n responsibility for tho futuro felicity of theso new Louse- holds, Tnx Tnmune to-dny inaugurates n departmont of Domestic Economy, tendering its columns ns bofore for tho disseminntion of usaful and practical information and sug- gestion respecting various essentinl fontires of the conjugnl exporiment. The contribu- tions to the new department in to-dny's issuo will bo found interesting aud valuable, e Judgo Dizron yesterdny denicd the motion of the counsel for Gon. Bancock, that the Court direct tho jury to render a verdict of ncquittal. Tho Coust ruled that there were facts in proof which were not disputed, and that the proper inferoncos to be drawn from tho telegrams and other items of evidence were not 50 clear and certain that the Court could declare their offect as a mat- tor of Inw, These faots and inferences were, therefore, loft with the jury to pass upon, Tho usunl rule ns to the order of tho argu- muents in eriminal cases wos reversed for the benefit of the defondant, tho prosecution be- ing compelled to open, and the defense thus privileg:d to take tho benefit of tho theorics put forward by their opponents, This is an important advantago, and one which the «| omineut counsel for tho defense will be suro to make tho most of. It is expected that the argumonts will be finished Mondny oveoning. THE AMERICAN MONEY OF THE FUTURE, The *monetary system " of the new or third party promises to nssume a conspicu- ous place in the political discussions of 1876, and, despite ita absurditics, throatens the dis. ruption of tho Democratic party. This systom abolishes the nota polioy of tho Governrient, The United States are horo- after to issno no more * notes” or other promises to pay coin for any form of indebt- edness. The Government in fact is to do an exclusively * cash business,” and the only form of bond is to be redeomable on demand in cash,—the cash to be paper money nnd not paper notes. The differenco botween the currency of tho present and the *‘ monoy " of the futuro can be no better illustratedthan by & transeript of the inscriptions on both: TIXE PRESENT CULRENCY. I ote 18 al teadar for ten dollav, § I e ‘. THE UXITED STATES will psy to bearer TEN DOLLARS. Jon Argmiow, Jomn . Naw, ¥ Register. ‘Treasurer, areesisesenreaRssaSS TUR MONRY OF THK FUTORE. i This plece of paper is & logal tender in pay- Tncat of A1 debta, suciading dutios, T THE UNITED STATES OF AMERICA, : XX DOLLARS, i Joux Avuisox, Jonw G, Nxw, § Teghator, Tressurer. The ossentinl differonce botween the our~ renoy and the *“money” is apparont at a glanco, Ibo ono is a promiso to pay o desig- uated sum of money,—i. €., gold,—the other is tho ““monoy ” itself. Tho ono involves sn obligation to pay, the other is payment itsclf, Perhaps the distinctive difforence between the notes and the money might bo illustrated in tho case of a dairymsn who, having out~ standiog & number of tickets on which is printed— ‘Thts ia good for ono pint of milk. F, Lanpzss, Cuigaao, Fob, ~, 1470, should “issne in lieu thercof othor tickots bearing tho legend: This {s & pint of milk, 'RANKLIN Lanpras, Cuicaqo, Feb, —, 1876, ‘ In the ono caso Mr. Laxpens would prom- isu to redoom his ticket by giving n pint of milk thorefor ; in tho other caso ho would redeem his ticket by giving e pint of milk in the formof pnaper. Tho exact process by which the paper is interconverted into milk way not bo underatood generally, but it is by {he sumo process that paper is converted into Qollars, Tt iy possiblo that, while Mr. Lax- beny' original tickots, redeomable on demand in milk, might bo accopted by the publio, it {s not likely that Lis other issue of paper~ milk would enjoy equal favor; in fact, tho paper milk, being wholly valucless as milk or othorwise, would hio refected; and for tho snwme roason the paper dollars would, 88 com- pared with the promiscs to pay dollars, kave o correspondingly small valuo, Mr, Lannens has consonted to urge upou tho peoplo of In. diana to do away with tho promises to pay dollars nnd substituto the dollars thomselves in paper ; and ho will explain to the peoplo the absurdity of issuing tickets redoemablo in milk when they might issue tHe milk itaclf,— in poper, Mo will, with hls groat ability, also explain how paper dollars aud paper milk, ** based on the faith and resources ot tho natlon,” are *in harmony with the genius of tho Governmont, and adapted to the demands of legitimate business.” Wo commend to the pomsons who have lonestly followed the theory of an irredeem- oble paper money receiving it valuo from the fmprint of the Government to the prac- tieal illustration furnished by s comparison of aprice of such *“money" with tho exist- ing greenbnck, or promiso to pay money. The written promise has the valuo of tho thing promised, less tho uncertainty or delay of payment. Tho paper *““monoy” bas no valuo in itself; it ropresents nothivg; it is not to be pald; it is payment itself, as is the gold dollar, ‘Tho Ciucinust! Enguirer and o fdozen or more of the orators of the third d:| party have for two ycars or mora heen telling the people that the gold coin issued'by the Mint of the United States has no valuo save what is given to it by tho stamp placed on it+by the Mint. ~ The stamp of the bo nothing mors, tion n cortificate thnt the coin contalns a cortain weight of gold of a certnin degrve of fineness. Tho valuo {8 intrinsie; it portaing to the gold itselt; it is tho samo whether the gold is in the form of dust, or bar, or nugget, or coin. The Government can give it no value which it will not possess without any action by the Government, nnd whioh it will not possess in any part of the world te which it may be talon, 'This in so solf-ovident that it is diffi- onlt o undorstand how nny sane man who will give the matter n sorious thought can be decoived by such assertiont, Bnt it is neces- sary to asaumo that coin obtains its valuo from the Mint stamp in crder to maintain that thosame atamp placed on paper, or loather, or parchment, will give to the paper, loather, and parchimeut the valao of coin, THE MAYOR'S ELECTION, Tha Tepublienn Club of tho Fifth {vard, at its meeting on Thursday night, hit the mark exactly in the resolutions adopted by them, urging upon the Donrd of Aldormen the necessity anil propriety of including tho election of Mayor in the order for tho clec- tion of city ofticers in April next. Thoss resolutions cito the Iaw inthe case, whereby it is made the duty of the Com- mon Council, in cnso of a vacancy in the oflico of Mayor lenving a year or moro of tho’ legal term unexpired, to call a apecial election, Unlike rogular election, a specinl election must be ordered by the Common Council. Al that body lins to do is to erder that on the date of tho regular city election in April a specinl eloction shall bo held at the same timo nnd placés to fill the vacandybx- isting in tho office of Nayor until Ap:il, 1877, Such an order is essential to holdiag such an election, J In some of thewnrds thero hnve baen reso. lutions adopted asking the acting-Mayor, Covvry, to resign, which ho treats as alto- gother absurd. Corviy will not resign; ho is an usurper, and bas no thonght of resign- ing. Ho intends to hold the ofiice until the poople put him ont, and does not propose that tho peoplo shall have the chanco to do that ng long as ho can help it. ‘The Mayor has nothing to do officially with calling nn” election. That ia the oxclusive business of the Common Council. The various wards should therafore address their resolutions to the Board of Aldermen, and urge upon that body the nction necessary in the premises. Bt this appeal should not bo made by the Republicans alone. Tho Democeratic citizens have as deop an interest in the olection of o Mayor ns any other portion of the people. Thoro are no party obligations in the way. Mr, Couvix has not acted with the Domo- cratio party for many years. Ha claima to bo a Republican, or did whenlast heard from, and may even ask to bo the Republican candi- date at tho next election. Tho people have to clect an entirely now Bonrd of Aldermen, and all the othar city officers, and why not tho Mayor? Why not let tho people hava a chance at sclecting tho Mayor sa well as all the other city officors, ench ono of whom is aa fully entitled to hold over as Mr, CoLviy ? Thore i no renson why the Democratio clubs of the sevoral wards might not join with the Republicans in urging upon the Common Council to call this special election for Mayor in April, It isclaimod that BIr. Corviy hns somo rights in tho matter, but ho certainly has not moro righta than the wholo people. Ho can ba a candidato for ro-election, If an- other porson at iho specinl election bo choson, Mr. Corvix can follow the precedent of Manx Surnoan, who claimed to hold over after his snccessor was appointed. Like SnERmAN, ho can proscciuto his case to a finnl decision of tho courts, nnd with a like result. The Common Council can never make a mis- tako by submitting any doubtful qnestion to bs dotermined by n voto of tho people, It is reported from Washington that tho Democratio caucus bas under considoration n new proposition, intended a8 o compromise botween the different factions on tho Demo- cratio side, rolative to resumption. The proposition as reported scems to be merely o postponement of tho date of resumption without making any further preparations on the part of the Goverament, but nssuming the unnecessary function of providing for ro- sumption on the part of tho National Banks, After ropealing the present Resumption act 60 far as it fixes Jan, 1, 1879, for redomption, and providing that thoe fractional ewrrenoy of and under 25 conts shall bo canceled and its place supplied with silver, which shall bo logal-tender to tho amount of 35,000, tho proposition uots forth : The Secretary of tho Tressury fa dircctod to fnsuc on tho crodit of the United Htatea $150,000,000 of Treasury noles, bearing 2 per cent intorest por an- num, paysble to bearer at the Treasury of the United Statoa of such depominationa se bo may fix, not lees than $20 cach, with coupona atlached for tho fater- eat, payablo semiaunually in coin, The notes theime aclves aroslsa ta bo payable in coln, ono-fifth Julyl, 1881, and 8 lke amount snnually thereaftor uniiltho whole aum s patid. Theso notes ars to ba recclvatlo fnpayment of all taxes, exciscs, and debts duo tho United tates, oxcept on {mports, and of oll claims sgainet the United Htatos except for intorest upon the bonds thersof, and thoy msy ba bold by $ho National Banks as pert of their veserve, as legal-tendor notes are now held, and they ahull bo & logal-tender for all dobts duo by ono Natlonal Bank to suother; alio for thio redemption of notes of National Banks and tho payment of all dopoaits Io any of said National Banks of this date. ‘Thoso notes, Lowever, are only to bo fsaued tn exchango for a llke amount of Unitad Hiatos legal-tendor notes which, when receivod, alisll bo cane reled and nover be relsucd, The Becretary of tho Trossury 1 dlrecied to Fold and retain ln the Treas- ury vaulta 60 per cent of tho semi-annual instalinents of intereat n eoln payablo to the Natlous) Banks, as the same matures upon the bonds doposited by the bankn, a8 socurity for circulation, for the period of ten yoars from July 1, 1870, and tho sald gold ahall bo beld me » part of the reserve yf the sald Natlonay Banka reapoctively, an appited fo tho sedemption of Ao notes on and aftor JWy 3, 1681, So far 83 the resumption on the part of the Government i3 coucerncd, this scheme is mncro procrastination, without improving the time in any manner. The issuo of tho logal. tendor Treasury notos, bearing 2 por cent in. terest, does not change the present situation, uinco theso now notes are equally mado a tender for all futuro as well aa all past debts, and they thus afford no gradunl and ensy do- pasture from tho Jegal-tender character, such s hias been proposed by I'ne Taibuse, by means of 3,05 interest-bonring notes, which sliould bo legal-tender for all debts contracted prior to Jun. 1, 1877, but not for dobts con- tracted subsoquent to that date, The Demo. cratio proposition, howaver, is merely to add an interest to $150,000,000 of notes without otherwise changing their character, and withe out preparing for their ultimato redemption, excopt by fixiug adate in 1881 when ono- ffth shall be redecmed. The bill, therefore, is simply to postpone resumption two ycars, with no better prospect of its being realized in 1881 than thero is undcer the present act in 1879, ‘I'ie real purposo of tho new proposition i to be found in the concluding scotion relntive to tho arbitrary withbolding of one-half of the interost duo the National Banks on their bonds for the next ten years, This is simply Mint is - nothing moro, and professes to &bsurd, and jn operation would defeat itsolf, To begin with, tho charlors of a large pro- portion of tho Nationnl Banks (thdso having only twenly years to run from tlo timo of their organization) will have expired before tho ten yenrs of gold nccumulation on their account can be reached, aud the National Banks, with no guaranteo of o renowal of their chnrters, will scarcely submit to a with- drawal of ono.half their interest on the bonds they own to meet n contingency in which they will nve no intorest in casa thoy go out of business or reorganizo under Blate laws, In the next place, thero is so littlo profit in their circulstion now that thero witl prabably bo none at all after thoy shall have Ueen deprivod of one-holf their bond-inter- est, nand tho result will bo that tho National Banks will all reduce their cirenlation to tho minimum permitted Dy the law, which would lead to a more seri- ous contraction of the currency than any schemo that has yot been suggested. Many of the National Banks, indeed, may prefor to wind up their business nltogether, and so ro- tiro all of their circulation. The provision relative to the using of this interest ns n part of tho bank reserveg is sheer nonsonso, and simply shows that the origiontor of the project did not know what he was doing. The only reservo required now on circulation is 0 per cont, whicl is kopt at Wnshington to provida for tho rotirement and renewal of notes which nre going on coustantly, Of courso it is nonsense to talk about accumu- Iating 8 30 per cent gold reservons a part of this & per cent reserve, the former being dor- mant and the Intter slways active. It is simply o wmte of time and a perver- sion of legisintiva power to dictate to the bnuks Zow they shall provide gold for the re- demption of their notes when the time comes for resumption,: Congress caunot foretell how many notes each bank proposes to keep in circulation to bo redeomed in gold on de- mand, nor can it compel thom to issuo and keop in circulation any particular amonnt of notes, 'The banks ovo able to Legin issuing goldnow orat nny timo that Congress will lef thom; that is, whonever Congress reponls the oxisting restrictions nnd weighta which z9sder their issue unprofitable, the banks will tot them in circulntion and redoem them in oin. Tho Governmoent only needs to remove tho uunecessary restrictions and proventives on tho circulation of gold notes. to seoure their issue immediately. Three things aro omugh, viz.: (1) Lot the banks have the right to issuo gold notes equal to the gold par valao of tho bonds thoy deposit ss security, instead of limiting them to 80 per cont ; (2) remcve nll inx on deposits ; and (8) romove the 1 per cent tax on circulation, and simply chargy tho banks tho actunl cost of furnish. ing the notes which thoy would have to pay in any ovent, Undor thoso circumstances tho Netional Banks are propnred to resume ot oned™ 'Thoy are prepared to issue notes which flsy will redeom in gold at par. The deposit o bonds, and the penalty of a for- foitura of charter in casa of failure to redeem, will bo sadicient inducomont for the banks to tako ewiry nocossary business precaution to protect their gold motes. Thoy under- stand this part of the business a good deal h_eunr than Vashington Congressional politi. CIANS, THE SOANDAL BOILING AGAIN, It is quito ovident that tho Advisory Council, notwithstanding tho skill of its pilot, Dr. Bacor, is finding it very difficult to steer through ths troubled Brooklyn waters without runnisg ipon the rocks of the Becnzn seandal, Yhick are scatterod about in all dircctions, anl that the invostigations of points of disciplizo ara being stretched ont very thin and touchmg upon tender spots in all directions, As Mr. Beecnzr hos ex- pressed o desiro tlat the *bottom facta™ should come out, they seemn to be protruding in oll directions, s Tho first of thieso it pletter from the editor of the Independent, Ouven Jomyso, to Mr, Bowex, written in 1871, which AMr. Bowex makes public to gratify Mr, Bezouen's desire for ** bottom faots.” Tae letter is n very remnrkable one, for it wraigns Bowen for dismissing Truron from the Union for alleged immorul conduct and asseehting with Beeoxn- £r, whom he (Bowzx) kigswto be s guilty a8 TirzoN. Mr. Ourver Jorsson sposks in no nncertain manner when ko says : You may saythat tho ono hm swpented while tho othier hasnot, But Mr, D,, siuco by confeased {o you, has ropented his oifouss, o 1mw3s have convinced You that thia i not so, but, If 80, Ja1 nre the victim of » deception, You probably know ometling thas T o nat of tha chargoa againat Mr, Thxoxn : but I alan know something that you do mot «f the evidence aguinat Mr, I, aud, I Lo denfes hia geat in the matter whereof Lo Waa accused in that Chrlatnas-Day Inter- view at your hiouse, ho tlos In the faca o evidence that would convict him in & court of Justos, That evi- denco I iave soon, but I would have you ba moreiful tohim, dolng notbing to bring upon Ms head the odium of au unpodly and releutless warle, Tha lettor which Mr. JonssoN new writes, in 1870, to explain the letter in 1871, saying, ‘I confess with rogrot and mortification that, upon puraly e parts ovidenco, T thon'ttought Mr, Bezonen was guilty!” is a romakable one, and puts Mr, Oraven JouxsoN ina very awkward prodicament, If the socond hitter is nntrue, then the first is truo. If the second lotter is trae, then he uttered falschoods in the first. In either event, Mr. Oniven Jagy- sox isleft with & very unsavory reputafion for veracity, Bottom fact No. 2 secms to have been pi. cipitated by Mr. Berouen himsolf by his as. tion iu Boston at the time ho wea soliciting advico ns to the proper composition of the Advisory Council. It now appears that his meeting with his Doston frionds wad @ very stormy one, somo of thows being determined to have & thorougl investigation, This Mr. Brecnen violently opposed. When pressed to let the bottom facts bo kuown, he sald it would not do, as * thero was a Stato Prison offenso in- volved which must not beknown,” and howas understood to say what ho meant was that Mrs, Truron's * misearringo ™ at the time Mr, Beeenen spoke of her ns * the poor child, lying thero and praying with folded hands, guiltless, sinned against, and bearing the transgressions of others,” was au adortion which she had procured. Upon being ques- tioned in tho Council upon his visit to Dos- ton, Mr. Bercuen, withopt referring to the abortion, acknowledged there were bottom facts and professionsl secrets which ought uot to come out, ‘That thero may be other ¢ bottom facts® yet to come out is probable, as Bowey hoa already boen summoned bofore the General Council, and the prospects are very good that Sronns and Bupinarox will also be in. vited to appear. All of this shows that tho Council Lins already drifted awny from its dotermination to confiuo itsolf to questions of pdenominational ussge. Having broken loose, there i8 no telling whore it will drift, Bottom facts may now bo lookea for daily in the Council, with a frosh installment in n fow days whon Mr. Bowex goes before the Plym. outh Examining Committee to tell the mem- bers why he thinka ¢ Mr, Beecuen is guilty of adultery, perlyry, 1 aud., bypocrisy." ¥ Mr, e T T T Brronex now scoma likely to have his desiro for * bottom (faots ” gratified. And the up- shot of the whole may bo that he will stand acquitted of the charges Bowew brings ngalnst him, s ‘Tho Board of Trade Commiitee on Trans. portation recommended the formation of an nassociation similar to the Choap Trausporta- tion Associntion of Now York, The Secore. tary of the Now York Associntion, in n rocont letter to this city, says: “Our oxperionca in Now York lins been that the very exist- once of such a body lins boon o benofit to us, aud I am fully persunded that, if n similar oue waa formed in Chicago, your exporienco wonld bo the same. The quostion of trans. portation has been gradually asnuming moro and more importance during the last ten yoars, and differonces in cost wkhloh ton yoars ago ‘would have beon insignificant now decide the waolfare of grest communities,” All this is true, and it is to bo hopod that tho Bonrd of Trade hers will not fml to carry out tho recommendations that such an Associntion bo established, with mn- terinlly the some objoots ns thoso of the Now York Association, viz. : to obtain, preserve, and circulate valuable and usoful information relating to transportation; to encourago the improvemont and incrense the capacity of our terminal fncilities for the hauodling and storags of produco and mier- chandiso; to facilitate the adjustment of differonces, controversies, and misundor. standings between its members and transpor- tation companien; to ndvocate the construc- tion of new avonues for transportation and tho improvement of thoso mow existing; to dovise, pubmit, and advocate plans of logis- lation by which the defects and abuses of the presont systom may be remedied, and to ad- vooato such other principles and projects in connection with tho subject of transportation as will tend to advanco the commercial pros- perity of our city and country. Thoe Now York Associntion keops several active committecs with special duties, The goneral managoment is vested in an Exeontivo Committes, which employs such secrotarics and clerks 08 moy be necessary, Thore is o committeo on tarminal facilitios, one on sta- tistics, one on clnims and grievances, one on. railway transportation, eto., ench having specinl duties sufficiently indicated by their names, The Association hins an annnual meot- ing; tho Bonrd of Manngemont meots onco & month, and the apecial committees as occne sion roquires. The New York Associntion now has a membership of about 1,600, com- priging the leading merchants avd business mon of the city, and when it speaks officially it is with an influence not to be ignored by the railroads or any other corporation, Had such an Association, with squal credit snd dignity, been in existence in Chicago, the railroad discriminations would not have last- ed 50 long s they did. Tho real injustico of tho case would have boen 'discovered and ex- posed at tho very ountset, and the railronds could ' not havo successfolly resisted the pressure for an abandonment of tho abuses, Ang, it thero wero such an Association now, thero is no question bat what tho prosent im- portant igsuo concerning torminal charges would be ‘settled immodintly on the most advantageous torma to Chicago as a shipping point and commercial metropolis. The for- mation of tho Association should be comploted ‘without further delay. ERD OF THE OIVIL WAR IR BPAIN, Spanish affairs seom to hove renched an- other of those continually recurring cpisodes which characterize the administration of Governmeont in that distracted Kingdom, If tho reports can be trusted, the effort of Don Canvos to rench the throne has been again frustrated, and his followers aro flying in all diroctions before the young Arronso. Tho whirligig of Spanish politics revolves so rapidly that it is alimost impossible to watch tha changes. In Soptember, 1868, tho fickla Spaniards drove Isaperra from the throne, and in October, Szrrayo, Pnry, and Orozaaa organized a Provisionsl Government which was recognized by mnoarly all tho Groat Powers.” In November, insurrections broke out against the Governmont which it could not suppress, and in February, 18G9, it was compolled to resign. In May, the Cortes voted for o monarohy, and in Juno Benravo was olected Regont and a now Min- istry was formed under Puma, ‘Then the Re- publicans rose and a new civil war began, and meanwhile ths Carlists and Qubans rose also. In despair, tho crown was offered to Espanreno, but ho declined it with thanks, In Juno, 1870, the fugitivo IsaperrA went through the form of abdication in favor of her son Arvonso. In July, Princoe Lroronp, of Hohenzollern.8igmaringen, was nominated King, but upon the strong opposition of Franco he was compelled to rosign, In Au. gust, ronewed ngitation for a Ropublican form of government commenced, which was ended, howeveor, in October, when Asaprus wos elocted King by the Cortes and accepted tho crown. Then followed, . in quick succession, stormy sossiona in the Cortes, the sssassination of Pnre, Ministerial crises, Ropublican gather- inga, and. a furious insurrcotion of the Carl- ists, incited, by the priests of Leon and Na- varro, during which Dox Oarvos issued his flaming and bombastic manifesto, * The gon- cral confusion culminated in an attempt to assnsginate Awapevs and the Queen. The Ttalian King held on to the Bpanish frag- monts ns long ns he could, vainly trying to unito them, until at last, wearied, discour- ngod, and disgusted, ho throw awany the crown and went home. The two Chambers thon. combined as the Sovercign Cortes of "Bpain and voted for a ropublic. Then fol- Iowed o littlo diversion in tho way of a com- mene war. PryMangary tried his hand at the Ropublio and failed. Ousreran triod it and failod also, Then came the Dictatorship, ond Seamano ruled by military force, and when he found the fabrio tottsring under him sent for Arronso, who was proclaimed King Jan. 1, 1875. Binco that time the young King hag had his hands full of busl- ness with the Carlists and tho Cubans, and 88 to tho first named bas made decidod hoad. way. In February he defeated them at San Guosa nod in March at Huque, In May he repulsed them at Pampoluna. During the remaindor of the year he slowly but surely forced them up against the Pyrences, and now, if reports be true, he has.them hem- med {u by ax overwhelming force in a poule tion where they must either surrender or dis- perso in all divoctions, saving themselves ns bost thoy can. Asa Vienna dlspatch rather neatly puts it: *'Ihe relatives of Don Oas- vos expect his return from Spain shortly.” The probable suppresaion of the Carlist insurrection andtho apparent hopelesaness of their cause, however, aro but an episode in Bpanish political history. It may indicato that Don Oanros has once more failed to reach the throne; but itis to be semambered that he is bydra-headed, and that the lopping off of ono hoad does not seriosly inconvenienco him. Tho young Ar- ronso atill hns gront dangers to contond with : Firat, tho Ouban rebellion, against whioh he bas made no hendway sinco ho hns been in power; second, the inovitable con. flict botweon Uliramontanism and the Bpan. ish Liberals, which bids fair to bo a long and dosporate ono ; third, the intriguosand cabals of the Ropublicans ; fourth, tho Communista, who may ngnin como to the surface in any sudden confusion ; and, lastly, financial dis. tross ond inevitablo baukruptey. Glittering, therofors, ns the victory over tho Carlists mony seom to bo, it argues nothing ns to the pormanency of Awnronso, 'Thoe other dangers which throaten him are far more serious, and any ono of thom may any day hurl him headlong from his throne. In the chronic uncertainty of news from Bpain, it may even hnppon twonty-four hours hence that it is tho Alfonsists who are defeated and not the Carlista, COTTON MANUFACTURES, In 1860, undor tho low, *¢free-trado " tariff of 1857, 10: which many of tho Whigs voted, tho cotton manufacturers of tho United States, in nddition to supplying the home market and -driving out pretty much all Europenn cotton goods, exported to foreign markets of those goods to the valuo of $10,- 934,707. 1In 1861, n * protective ' tariff was passed, and it hias soveral times since beon mado more ** protective,” The result of the protection 'is, that In 1876 wo imported nearly 80,000,000 yards of forcign cotton cloths and only exported 28,000,000 yards (chiefly to Canada), worth $4,071,7856. Thus the imports of cotton goods under ahigh tariff have immenscly incressed, and our cxports of such goods have dwindled down to one.third of whnt they wers in 1860. The Chicago Journal squirms under the offect of those faots, and tries to broak their forco by argu- ing that we produced more cotton goods in 1870 than in 1860, aud cites theso figures in Wages. Producte. ,800 $30,014,132 $177,430,737 ,028 23,010,108 115,681,774 93,476 nesae 5,301,647 The number of hands employed in 1870 was 10} per cont grenter than in 1860, but tho population of the country had increased 26 per cont during the same period. ‘Che wages paid in 1860 is computed in gold, bnt that in 1870 in groenbacks, the avernge valus of which that year was only 84 cents. De- duct this 16 per cont discount ou tho wages pnid, and from the currency valuo of the goods produced, aud thore only ramaing nn incrense of 10 to 12 per cent over that of 1860, notwithstanding the immense protec- tion afforded by the high tarff which raged between 1861 and 1870. Now, the consump- tion of cotton goods botweon those datos must have incroased at least 80 per cent, und this accounts for the increased im. portation of foreign cotton fabrics, show- ing that the high tariff, instend of help- ing our factorios, had crippled them, Under tho low tarilf which provailed be- tween 1850 and 1860 the production of cotton goods, it will bo noticed by the Journals fig- ures, almost doubled,—ndvancing from sixty- five millions to one hundred and fifteen mill- ions, In1860we hind alargo market for cotton goods in Chins, but that has been lost through tho operation of the bigh toriff, The Journal, in trying to account for this dam. aging fact, gives this fuuny but most absurd Toason therefor: : Tux ToIBUNE further complatna that wo havs boen Qrivon out of the Chiness market, Whydld it not give tho zeason thorefor? When Chaplain NEWMAN Was making his famous mapoction of Consulates, ho fonnd that the English cotton merchants wore sclling English cottons fn China on which they hnd pasted Amorican trade-marks, If our mouufacturors wore offering their goods in the Chinese markots at lowor prices than the British cottons, tho trick of the British merchants described by the Rev. Newaay would not have availod them a par- ticle, Thoro are no keener traders in tho world than the ¢ Colostinls.” Thoy want the best goods at the choapost prices; they profor Amierican cottons, but thoy want them cheap. Let our manufacturers offer to them cotton goods choaper than the British cottons, as thoy used to do in 1860, and tho “‘trade- mark* trick will be instantly detocted by tho Chineso buyors, and will fail to sell them a single bolt of goods. Tho trouble is not in forging our trade-marks, but in the dearness of the goods, mado o by the handicapping of our dnstries by oxcessive tariff taxation, which wickedness is called * protection,” but it is the kind of protection which tho wolf gives to the sheep, It hos fillod this country with idlo and destitute workmon, and ron. dered stagnant all branchies of manufacturing industry. The Docatur Convention of Indopendonts, among other things, * resolved ” to * demand the eoloction of compoetent and honest mon to all offices in the gift of tho people.” After that thoy procceded to assume that theyalono constituted the **compotent and honest men," and, consequently, thoy wore entitled to all the offices in tho gift of the people. Then thoy procecdod to put in nomimmtion tho standard-bearers of tho Rag-Baby, soma of whom are old political bummers and played- out partisan plugs, and others of them aro sbout a8 intelligent a8 horse-blocks, but all of thom aro inflationists and dilutionists of the magt erazy description. * The most, remarka- Lle thing conneoted with the wholo perform- ance, however, was tho nomination. of o Qer- man npmed Iexny T, Asveny for Btate Trous- urer, Tow they came to find o German who aven pretends to believe that the Gov- ernment can stamp valuo on & piece of greon paper which is never to be paid or redeemed, is o matter of general surprise, It was not Lefore known that in all the length and breadth of Ilinois thero was ono Teuton who lelioved such transporent nonsense; but it seoms thero i8 one, and his name is Asreny, He was discovered by Barwx, of Woodford County, who advocated him for Treasurer “because he wil a German and mastor of soven languoges.” After his nomination, this mastor of seven tongucs camo on the stago and promised allegianco to the Rag. Baby platform. We venture to say that he mado montal vesorvations in his mother's German vernacular, aud repudiated the thing aa a humbug in Fronch, Scondinaviag, Greck, Latin, and Banscrit. A corroapondeut from the Bouthorn part of tlio Btato writea; **Tho Uranges are dolng nothing wbout Liore; sll tho working materis! hasloft in disgust; several lodges bave dis- bsnded, and the remeinder can't got a quorum onoo fn elx moutha, The groat trouble seems to bo a waot of braine inthe leaders to furnish an object. Qreat reforms are accomplished by great mindy, and not bya lot of imbeoilea and pot-bouse politiclane,” The Rsg-Baby Indopondents, st their Dee catur Conventlon, compietely avaded the tariff question, aud declined to deflne their position thoreon, Thoy dare not state whother thoy ‘were for & high or a low tarill, for protection of apocial classea st the oxpeuss of the Giangers or for revaoug seforo. Thoy resolved, some un- mesning platitadss “that wo demand the abry. gatfon of all laws that do not bear aqually upey capital and Iabor," Jusc what lawa they rafer tq they have not sson_proper to state, and we apy loft in tho dark. Thoy sponk in another plaey about ‘*demanding & roduction of all publie ey, pondituros,” but this scems to have no reten enco to the tariff. Theso bold, brave Indopong. outs had nat the coursga to focs ons of fhy groat, live isenca of tho day, and dofino their po. sition In regard theroto, but skulked it like ¢ parcol of cowards, —— Trof. BuuNER, of Yalo Collego, in his firt je turo detivored in Now York City boforo the In, toruational Free Trade Alllanco, put the doctring of Freo Trado thus cloarly : **And g0 in rogany to tho freodom of tho prons ; it has beon carrey to tho ntmost vargo of liborty, but nevortholesy sny Amorican would repol at onca the prapos, tion to rostrain it. They would aasy, you wi) mako 1t worae, you cannat make it more lam. lesa in any othor way ; and, if somobody pring somothing that {8 falio, let somebody over sgalnat Lim print the truth, Now, apply thy' principle to trado, and you will sce whatever 4 {0 ho maclo aut of oxchauge, out of productlon, will roach its maximum when you give it its freest play” Our amiablo neighbar, the I.-0., inslsta on thy *botton facts " 1n regard to tho *'Bteol pars. graph " that got {nto the ** Cotton article ' a fow days ngo, Well, hero thoy aro: The ssms writer who prepared the ** Uotton " article wroty tho “Btoel ¥ perapraph, and, lo arrsnging hiy manusecript, misplaced ono of tho '*Steel” item's pages, mixiog it with the * Cotton " artlcle, and, in the baate of giving out iha *copy,” did nat percoive the miatako that was commitied. The composltor and proof-reader ** followed copy” and the writer who **blundered " muat stand the consoqueacey, It tho 1.-0. feols offended, he (s willing * to accopt its apology,” and lot tho mat- tor drop, OBITUARY, COARLOTTR GUSTIMAN, The publis will Jearn with profound regrat of the doeath of one of tho brightest ornamenta of the Amorican dramatio stage, Crmanrorra BauxpERs UosusaN, which occurred at Doston, Mays,, yeatorday, aftor s long and paintul ilf. vesa, Although slio hiad roachod the ripe age of G0 years, and was therofors in a poriod of hf¢ when death might have boen expoctoed, her good constitution and physical strongth and correct habit of lifo might bave fusured her many yoarg more of usofulness,—for her lifo hss beon o peculinrly busy and useful one, not only in thy | dramatio profcssion bat In ather directions, had it not been for that insidious and horrible curs of womanhood, cancer, which go frequently do- fies modical skill, ond fn this case Lias proved fatal, notyithstanding tho best cfforts of promi. nont physicians to arrost its progress, The death of much an estimablo Iady and accome plishod artles 1s somathing more than s mete local event, She liad attained a national roputa. tion avd cnjoyed Europoan fame, and was as complotely » roprosentative of the American stago ns tho older Bootu, Fonnesr, or Burton, or, among thoso of hor own sex, Mra, Mowarr, Mra. Drage, JunrA DezaN, or Eriza LoaAx. Hor death {s, theroforc, a national logs, and the incidents of hor life will bo rond with interess. Coanvorrs BAUNDERS CUSHMAN waa born i Boston, Maag,, July 23, 1616, aud consequantly dled iu hor 60th year. Owing to tho bankruptoy of her fathor, she was callod upon in her 12th yoar to help contributo to the support of the family, At that timo sho had & fine, powerful contralto voico and very decided muaical taato, and, having slready acquired considsrabls repu- tation in Boston a8 & singor, st consultod Mrs. Woop, tho well-known voealiat of that time, who was so dolighted with hier voico that she advised hor to adopt musio sa bor profession. Bhe thorefore decidod to atudy for the lysic stage, and, aftor soven yoars' onorgetic toil, she mnds her debut jn Bostou 84 o vocalist at tho Tro. mont Theatre, April 18, 1835, with such unmis- takablo auccess that aba secured an engagoment to 8ing in English opera ot Now Orteans, which was then pre-ominontly tho home of English opera In tho Unitod Btates. It will be romomberod by the old stagers that New Orleans sont Chicago the first English opers« troupe that over eang hero, hoaded by Frep Lysren, Sho had scarcely arrived in New Or- loans, bowever, whon the change of climate ruiped bor volco, Bho thon made the hazardous sttompt to sing soprano, and failed, s many other altos havo done. 8ho was thuas compellied to rolinquish her plans, and theroby the lyric stago Jost n singer who, with her groat dramatio sbilitios, would undoubtedly have become one of tho greatest prima donnas of the world. She povor Jost hier interest in music, howaver, Dure ing ner long life eho has advieed, encouraged, std asslated many young musiclans, and, in her lator years, signalizad not only hor gonerosity ‘but hor dovotion to music by sending to the new Doston Music-Hall soveral buats of tha old com- posers, oxecutod in Rome, whers sho wae then lving, Hor vocal failure, howsver, did not daunt or discourage her. 8he ro- solved to bocomo an actress, and commonced hor lifo work by siudying Zady 2facbelh, in which role sho made hor dobut witk complets succoss, Blo then returned to New Yorlk, and acospted a throo yoars' cogagement at tho Bowory Thoatre, when auother misfortune overtaok her. After a week's performances, sha was prostrated by o fovor, and during hor aick-* nosa tho theatre waa deatroyed by fire, and with it hor entiro wardrobo, After remalniog idle sovoral montbs, sha accopted o stock engage- ment ot tho Park Theatrs, which she fillod for threo yoars, appearing in o widely-diversified ropertoire of cuaractors, It was daring this poriod that sbo assisted hor olater Busax, who was eix years youngor, to make her debut, with whom she appeared during ssveral soasons after- wards in Now York sud Philadelpbia, playing malo parts fn tho plays in which they sppeared togothor (as iu *“‘Romco snd Jullet"). Buman became sn nolress sfter her unfortunste early marriago with a Mr. MERRINAN, Bho waa subse- quently marriod, in March, 1848, to Dr, Jaues 8, Musrparr, s Liverpool chemist, in which city sho died May 10, 1839, Onanvorre next undertook the direction of & Lhilndolphia theatre, which sle rotained until 1844, when sho waa invitod by Mr. Maonzany to make s tour in the Northorn Btatos with him, during which sho undertook the higheat range of tragic paris with grvoat euccees. The next yoar she went to Epgland, and made her firsb appearance at tho Priucess’ Thoatre as Bianca in Mruaan's #Fazio,' She met with a most onthusiastio enccoss, and during her engage~ mantot elghty-four nighta appoared in numerous charactors, the most Important of which were Lady,Macbeth, Julia in *The Hunchback,™ AMrs. Haller, Beatrice, Rosalind, Lady Teaale, and Juliana in “The Honeymoon.” At the conclu- slon of thls engagement her siater joined her, and for govorsl yoars they acted togother at the Haymarket sud fn the principsl provincist theatres of Fugland, In 1849 she returned to tho United Btates, and brought with her ia addi- tlonto herothercharactorsthat of Afeg Merrilies, in tho adapiation of Bcorr's * Guy Mannericg.” Theatre-goers of to-day, altting through the dreary succeseion of socloty drames with thels dead lovels and dul! platitudes, and witoosslog thoe performances of a dreary list of sctors and aotresars, who, fnatead of adapting themaelvet tocharacters, have charactors adapted to iheir own idlosyncracles or eccontricities, and there- foro create nothing, can have little idea of the brilisnoy with which UuABrorTE CuysuMan burst upon tho theatrical rmamont o this pore soostion, Although there wers many great artigts upon tho stdge at that tune}and many groat personations, her Meg Merriliss appoared 28 a revelstion of talent, and way eoon reeog- nized au an original creation of oort's powertul sharacter, -In persons! make-up, similitude of voice, aud intensity of sotion, as well as in all, the little details ot ocloring snd in all the scoes- : soriea of the charsatar, it way one of the moad complete ropresentations ever seon on the American stage,~20 compibte in, fach thai