Chicago Daily Tribune Newspaper, February 22, 1876, Page 7

THE CHICAGO TRIBUNE: TUESDAY, FEBRUARY 22, 1870. e ————————————— e e e e e P e e e e . e e o s 10 take care of 1h d thy the 1 test, and tha pub- | thom aa tholr debt. and they wiil be pald dollar | mer one wam, on the whols, mors accaptabla. . NEW PUBLICATIONS. RAILROAD T 'AB] GITY CERTIFIGATES ‘lfl:ri.:' "-"u'«'fxf&‘u'&'fn‘fi.. m.;,'ma:"-u?c"z‘,' ‘lflnyu';n'. ua"'efi“»i‘.fl’.'u‘e'»;{a -nfln:ff:gr:. an‘:.nmlmm fn‘:?llollnr. hocauso tho peopls can and will main. } Mra, Hmnnlll"llu. Murdoch, Mr. Rainford, and | ~~~~oo—ommasenan Fo o T IME T. LE.‘ o A oot pay, ness to pay what it characterizen as an fllegal devt will | 4015 t1a 'city's crodit, In conversation with a | Me. Johnson, Lowsver, wers all thatcould b Anotlier objection to these certificaen Ja that tha | he s poor compensation o tha Innocent pattios who Obadiah Jackson’s Opinion as to Their Invalidity. Reasons by Which o Is Forced to That Conclusiom Peoisions in Qther Stateg---The Law in the Caso. The Comptroller Dofends the Legal- ity of tho Certificates, Jnd Sags They Were Issued Under an O Ordipance Authorizing Tempo. rary Loans, He Expresses His Regrot at Criticisms Which He Thinks Savor of Repudiation. What the Banlcors Think of These Certificates. Thoy Boliove Them Invalid, but Think They Will Bo Paid; Putiing Their Trust In the Honor of the People of Chlcago, ~INVALIDITY OF CITY CERTIFICATES. OPINION OF ODADIAT JAGRHOX, Followlng {stho full test of the opinion of Dbadish Jackson, Eaq., a3 Lo the valldity of tho sertificatos of Indebtedness of tho City of Chica« g0, editorinl mention of which was made fn Suu- fay's TRIDUNE ¢ Liw OFrics or Jaoxsos & Buinngn, 132 TaSatrr Ernezr, OnicAno, Fev, 7, 1il.—Jokn ), Hamuiond, “Brestdent Gty Biistugs Bk, Chfcago—Dean Fin: Your note ncloalng lctters from Measrs, Swan & Darrett and other partics, inquiring as Lo tho Iy of tha certificates of indcliednesn of the Uity of Licago Isaued during the lask year, 1a reccived. THE CERTIVICATE, which I have examined, sud which Is similar n form 1o the whole fsnite, readnan follawa : - "TUNITED STATES OF AMERICA. Fumber —. — Daltars, BTATE OP JLLINOIS, City of Chicago, “This a to certify that (le City of Clicago acknowl- »1gcs to ows the Babeock Manufucturing Company tuo Yurn of one bundred snd alxty-four 27-100 dollars, lawe Tul maney of the Unitod Ststcs of Americs, which eurn 1ho said city promiscs to pay (0 said_Daocock lanue fucturing Compauy, o otder, on the Int day of June, in ihe year 1870 (without grace),at theoflcoof — ibo Treasurer of the City of Chicago, with intercet iuereon, ot the e of © per oead. por’ sunum, from Jan. 10, 1876, This lonn haviog been authiorized Bee, 15 of sthoudmenta to tho city churter, approved _¥ob, 15, 1600, and by Beo, 7 of act of Geusral Amsombly of tho Btateof llinols, amending tno clty charter, ap- proved April 10, 1560, Mo testimony'whoreof, the Mayor and Comptroller of tho eaid city bave Mgned, nd the Clerk counter- Fimed, thens preeents, anil caiised the carporate scal of tho #d city to be creunto sfixed, thin 19th day f Jauary, 1670, 11. D, CoLvix, Blayor. 8.8, T1avEs, Cowptroller, Joserxt K, O, Fornrr, City Clerk, 1t ls clasmed by the Cily Comptrolier thiat ther cer= tificates are authorized by the amendments lo tho charler of tho Olly of Chicaro, referred to in Lhi cere ificates, to-wlt, by Bec. 25 of 1o sct of the General Au:imb{y of ¥eb. 19, 1605, which 1a in tho following words1 “To provide for monthly or sny ofher payments nlich shall Lave been authorized by the Common Council, and requirod to be made st any time Lefore the colloation of the faxea of any year, the Compirol. ler ony, with the sanction of th Mayor anil Fiusnce Comunittes, Lorrow the necessary money for a fima ot Jonger Lhan Ui Iak day of February ot tleceat Dy Eac. 7 of the net of April 19, 1669, the Lime wsa satendod Lo the et day of June, "Thess acta and _amendments to tho ity charter aro all prior to_the Conetitution of the Htats of Illiuola at reaent in force, and which becams tho organic law on Ll Tat day of Auguat, 1670, ~OF courvo, therofare, ail scte incompatiblo withs ot prohibited by the now Gone titution are repealed or rendered vold thereby, Boc, 14 of Arl, D of the mew Coustitution s as fol. 4 No connty, city, townshin, school diatrict, or ather munleipul corporstion, shall ba allowed to hecome - feblod fn_aby mauner or for any purpose, toan amount, {ncluding existing indobtedness, in tho ag- cegate oxceedlug 6 per centum on tho valusof ti Eir¥bla proporty ilerein, to be ascertained by tho lan seesment for Btate and county taxce, previous 0 tlio wncurring of such indeblednoan. Aby county, clty, 3chiool district, o other munlcipal corporation fncur ring any indeltodnesn, a8 aforeeatd, stall, beforo or at Iha tima of dofug #0, provids for tho collaction of n di- roct annual tax auflicient to jay the intercat on such debt aa it falls due, and alfo to pay snd discharge the principal thereof within bwenty yoars from tho thno of contracting tha same.™ 1t Is sdmitted by tlio Compiroller that the smount of 1he funded debt contracted previously to the adoption of the Conetitution, and still owinggby the City of Chl- cago, exceeds 53)01' centam on tho value of tho taxable property in sald eity; and tho question prescnted is, whotlier, Ly faeuing of thoso certificates, tho City of Chicago becomes fndebted $nn manner ‘probibited by 1h6 foregoing ssclton of the Conatilution, Tho posiiion sasumod by tho city ia, that {hedo cor- Ufcates are IE6D8D AGAINGT THE YAX-LEVY OF TIB COHRENT Yran, and tlst, when those taxes shall bo collectad, the rooney will ba applied to (heir redetnption, and for that resson they do not coustituto s dobt withiy ths meantng of the Constitntion, The conclusiyo suswer fo" that position (s, that the oortifiesics are mot bused nor conditioried npon the. Isea, purporting to bind tha city under every contlne gency. Tho cerlificale above g:akd, which s the only torm used, i3 tn all reape prominzory note, having every ons of tha five esseniial cleménts of certalnty requialts to negotiablo papers if it Lins any validily, it 18 an absoluto prowmise by the city to pay to . lho ‘Balkock Company, of order, $164.27 on the lat u{ of June, 1876, t 48 immaterial whether {he tax sball ba collected or mot, Theeo cariificates ora a coutract by the ety not dopendent upon tho tealizing of sny of the taxes, and sre 2 Ligh st order of debt, if they have any vall, ity, as any of our municipal bonds, "1iad they, on the rontrary, conditioned upon the collection of (ho surrent tazes, or been suade payable out of the monay seceived from thoss foxes, the cass would e very Aifferent, and they might have been regarded s & mere spproprialion or seslgument, pro fanto, of the nnual T, It will be observed that the langusge of the Canatie tution 18 very-axplioit 3 ¢ No city shiall be allowed to became m;fiuq in any manner or for any purposo,” elo. Tho meating of this clause ia too plain 'to admit uf any doubt aa to its consiruction ; §t probibits nud eenders vold any contract which crestea an absolute Liabliity or debt sgainat the city. * The Comptroller mm thattus application of rev- £nuea in process of collection to, in advarnca of tho col« Jections, is mercly disposing of & chose In action which the city‘alrcady has, and that a city dota nob thersby #hocomna Iudebted * in the sesa of the Coustitution, “Thia would be truc if the city did, In fact, go no fur Rhes than Lo sesign its revenus or condition hio pay. ment of certificates npon dis colisction, but in the form abovs presented thero {a o attenipt to asalgn revenus and Bo atlusion made to it law under which thie elty clains to fssus them, and which, I insist, waaro- pested by the new Constitution, so far s it affcols thiv ©ase, did not treat this mods of ralsing money 3 an sasignment, buk sa a loan creating original aud abso. Iuta liability, The langusge of the act above quated ;e Comptroller 1may borsow thia BOsCRATy mous 8y for s time," clo, Now, 40 say that wlien 8 man borzows money on his promissory pota that Lie doss not * become indabtod in anly maner," becauss ho has, by mental reservation or 186, sppropriated & speciSo part of Lis {ucows to e, s paradoxical nonseasa. 1T 14 NO ANSWED TO THIS CONCLUSION to say that the tax lovy haa boen, by ordinauca of the Cominon Qounct), sppropristed 'to_ pay thesa ceriln. cates; becauss, frut, the Lax lovy may tiever be collect- od. " Iu this Btita g land can bo sold for taxae, aud therefors uo levy can be enforced, uatll & judgment o & court of record has been first obtained agsimat the land claimed (o be delinquont, The applivation for jnaf‘mcnl sy be resisted, and we know, as & wat. ter of hiatory, that, in all contested cases of ' this kind for tho Juat “two yea ity Las Loon defeated, and ks beon unabla ta collec ita Lovy, low can the' gity protect ita cmk‘ala of indebtodneas if 1t is Judicially :;Lu:%o:ln” it has no power tosell land for their But sdmittiog thelery to be kood and that s jud; obtalued, there may! [»hékll causvs ']l?lcgm:m mm'n m.:x}':a]n':o{w ‘_u" the t‘naflls of ‘h“r.wm‘ len panioj inall of 00, OF & sud the Laldlity'of fhe city dontinues uai £t el lin il babelt a1 e e kst . ¢ will not do, therefore, (o say that the eit vidod witl resaonahlo ortalaty {0 the. cotlerind o 1ba currant tsx. Thatis & matter of opluion about which difforent meu will diffor, Tuad wis iho argue went used lfl waay of our moet euterprislug, but un. fortunata citizeus, who constructsd balidings Mitor tho great fre; they aryued that by borrowiy, 58y $100,000, ey would eroct & Lulidiog which wouhl Tant for 320,000, snd afler payiog uterest, olc., they would atili Save an incoms of severs! thousand dollare TeFsonum, But tnstesd of Tentiny for §30,000 thoy vily recalvs, say, 5,000, bub thie deLb apatiet. th continues Just us large’ a8 ever, They jntended 1o ¥ appeopriste " Wie curreut rvveuucs (o py thelr ne timo of paymant Leing linited by the Iaw under which 1t iu Elntoed ihey can bo lasued, bo the 1at day of Jnne, after thin yosr in which tha {az lovy ls mads, out of rhich they are to be Tisld, thers s vo authority for 1 0ass tliern shall not bs taxen ennitih cole 1y thom by (Lat fimn, They will, therfors, LiAvo ta romatn sd prolested paper until the collection of tho taz. AL present thern are nearly $8,00 000 of thieso cortificatea oulstanding. It I« not probabla that one-alf of that sum will Lo’ collacted hefors June 1, At a necessary remult, thorefore, (s greater pact of tuenn cortiatcs will bo dead aper after Juno 1 The only authority elted by the Comptroller or the Corporation Gounas {n support of tha right of tho cily (o0 feane thess cortiilcats Iu Grant v, Clty of Davan- port, 36 Towa Laports, 398; but au sxamination of at, case 'will, I think, demonsleate ftawant of analogy, That was an action (o reatraln the ity of Jnven- port from careying out an ordiusace by which the city agrood lo rent from cortain private partied, who hnd Yoo aullorized to buld & waterworks tn'sald city, cortain hyirants for the lerm of fivo years, piymants 10 Lo mindo eeml-annually, at the raten montlonsd in the ordwance, ‘snil to commeuco &8 fuon a8 20 hyairants shonld be ready, ‘The Gourt held that the contract amounted toa leana of cerlaln bydrants, and that no debt aecrted or was owina by the eity nntil tho time arcived for the paymentaf the respeciive inatallmonta of the font re- acrved, and the case of Woorl vs, Iarirdus, 11 Maas,, 457, was cited to suntain thin posiiion of the Court, fn whlch Iutter caso tha Gourt saye s #*A covenant tn pay ront quarterly creates uo doht of legal dermand for the rent ntil (he timo stipulsted for psyment arrivos, Thio rent may nover become dus. Tha Ieasee roay quit {he premises, or Lo may b evioled by paramount title,"olo, This s s loading care, xud has beeu sz ed in many subsequent declsions, On tho other baud, tn Galton ve. Forliand, Dedy's Teports, 481, in the Gircoit Caurt of the United Stafos. for ‘u::‘ Diatrict of Oregon, o aimilar quesiion was yiry- sento TNE CITY OF PORTLAND wan prolibited by ila clirter from Incurring a dabt of mora than $30,000 ; subsaquently the Gity Councll, for the puryose, t 1 dleged, of securing materll fof tho public butldings snd the construction of strests, ofe, passcd an fordinance assuming the {nterest ofi tho londs of & railroad company and issulng coupons therefor, which iad agreed ta transport aaterial, ta,, for such publie Lulldiugs, cte, for twenty yoars, and to levy mn annusl {ax o pay such interest; the wholo lsbility of ‘the city extending’ over the twenly years was £33t G0, Tho Court held that mich s ordinance wns {1 viuiation of the resiriction as to ruoning In debt, aud vold, and that an injunclion would Lis at the sult of & proerty-onuer (o pravent tho ety {wuing such coupone, 1t was nrged in aunport of tho right to fn- £ theoupans, that s he onlinsnee providing for tho fasue of UG coupons sina provided for ralsiug Tovenue and appropriated it to {ho paymeut of thent an they fell due, that no indebtodness or liability wea thereby crested, but the Court says that is an oxtrs. ordinary proposition, and seys : ‘heso coustitutionsl provisions restraining tho creation of pitblic dobts aro the gradual outgrowth of tho lost (wenty or thirly yosrs, They hayo Leen erected by tha poopleof Various Blstea an barriers againet tie creation of debt by the Leglalatura in_ & tlmo of popular cxcitement atout fnterusl fmprove- micnts, In the adoption of thesa and kindred propo- sitlous in the Conatitution of this Biate, the people of Oregon suppoacd that they were thereby puttlng it ont of the power of thio Atreribly and municipal corpora. tions to pledge tho present and futnra property and 1abor of the douniry for the payment of guaratiteo of stocks or bunds of private corporations, formed for Luildiog raflways and_the lke, for tho beneilt, pri- marily, of a few individuals,” 44770 nay thiat & sum of mousy dria ‘or owing froin A to 1318 not a delt, becatiso A bos promiaed {0 appro- Driate, or has appropriated, portfon of Lia future {n como (o its payment, tao proposition in legal mets- phyeics thnt I oannot compreliend. A debt osinta agajnat s city whenover tho city sgroos o pay mouey fu rotuirn for scrvices or money horrowed, Every ono of thice {uterost conpons, when asued by {he Mayor aud Audltor, as preeented in the ordl- nance, 18 8 {gomlsa Ly 1t L0 pay o e Lolder so much monoy. 1f this ia nol dobt, o ovidence of one, then an ordinary promissory not is not. Tho fact that the ordinaiice approprates money to pay thess cou- ponaas oy fall dus makes mo difforetico. Thero in 110 maglo in tha legislativo formula—' thers s Lersly sppcorisied.” That doos ol clanze (o fact Uiat io ty owes theso coupons, snd what it owes to another i8 & debt due to that oler, Doshles, thers fs no money In fact sot apart by tho formuls of appropriations ‘until it i collectad,” Tha srgument of the Court 1 peculiarly applicable to the present casd, and is 80 convineing and Joglcal thiat furiher fllustration ia_unueccasary; but it furtl- fios the couclusion which, I (hink, must o' reached upon vruciple, that thesd certiiorten do far sa thoy createn Lalllity or debt ngatust the clty, are vold wnd cannos be collected, Thio fact tiat they ara fu the hunds of dnnocent pur- chesora or bona fide Lolders, for value, while 1t inay present a strong moral reasoty’ for thelr payment, doea Tiok enhance th legal righta of the holder, becauss the defect arises from a constitutional prohibition of whick every persan is abliged 1o tako potice, an 1t Is the foune dation, as well as tho Limitation, f tho clly's power, T have reachod ihe foregaing conclusion with great reluctance, bocause I dialiko o tako posltion wiicl ‘might turow tho faintest rloud upon the power of tue city to moet obligations contracted by ita oflicers nnder an honest but mustaken viow of {lielr authorlty, mors becansa it 18 quita probablo that the bligu- ch {hione certificates are intendod to dischargo wera contracted n such mannor {hat. in casa of fails ure {0 hoid the city, tho erpditors will have a porsonal right of aotfon syalust the reapectiva city ofiivers who purportod o make the several contracts, In other words, that. the city ollcers and employea who exveed tholr Surisdiction 1n tlis moat importaut of all oficial renponsibility, that of contracting dobts, may be Leld Yy courta fndividually fablo to the “innocent par- tioa,""or bona fids holders, who have been lod by such ollicera into making void contracts, ANOTHER CAUSE OF BELUCTANCE i st v af aus mont eminont lywsers, aclulng tho City Comptroller, who, wlen in practice, high in'bia profeasior, have given an opinion appar- eutly pustalning the pawor of (ho city to {wsup theso certificatcs. This last rciuctance in tempered, how= avor, by Lo fact, which I havo recently learned, that thio tiyon Corporation Counsel Liad not soen the form of certificate which (ho city offiears iswue, and I betlevo the sama i true of soveral other gentlemon who signed or concurred u tio opfnion of the Corporation Coun acl, Ouoof tho opluons, hat of ibe lon, O, Tisck- with, cited by the Comptrallor In suvpard of the right to {810 coriificntes, fu 80 poculiar duty to call spoctal al hi orlnlnn rays at I fud it my tentiois to it. “1 havo no doubt that tha city haw to lawful rignt to apply its corrent revenucs fo tha payment of {ta proper and ordiuary ourrent ex- pense ropriation may lawfully be made in advanca of thelr collcctiop, The appropris- tion of auch revounues by & temporary foan rainod thoreon is pot, in my judgment, an {ndebiednoss wwitliin the meauing of tho constitutioual provision. It fs evident from theso quotations (hst Judgo Beckwith referrod 1o o apecific appropriation of tae current rovens, which would only be payable ont of that revenue, and whon the elty had collocted {1, auok an appropriation could not creato any debt, because the Lolder would have to ake his ehiance of ilo sum bofng collected bofore he could have any right of so- tion. 1 regand the opinfon of Judge Beckwi, thors- fore, ax rather strengthening tha conclusion I have reachied (an ofherwi ODADIAM JAOKBON, —_— THE COMPTROLLER'S OPINION. 1L MAINTAING TUE LEGALITY OF CIE CEBTIFI- CATES, At the moeling of the Council yesterday evon- ing, the following communication from tho Comptroller on tho aubject of certitioates of in- debtednoss waa nubmitted and lald overt Oirx Couvruoutza's Orrice, Cinasao, Feb, 21— To ths Mavor and Aldermicn of tha O\ty of Chicago, in City Council assemmoled: The Gonoral Assembiy' of Tilinols of 1848 and tho 'Coatitutional Convention of 1447 mot the question of Fopudiation, which badjbeen aqitated to soma_ exlett, sud, by the sdoption of bold d wise moasures, restared the publio credit and started our people ouward in & career of prosperity which hes rinda this one of the irat Hlates of the Americau Union, 1 was » membar of both of thess publia bodles, snd a1dod totho extent of my pawor In Lhe passage of thets mostures, Our action was fully approved by our conatituents, and & supposed that a repudiation arty would never agaln b possible {n Liuols, or any of iis fmportant citive, Now it seems woare to Lave & repudlation move. meut {n Chicago, * ‘e deht nougit to be repudiated ta targe fn smount, inonrred for money solually foaued, and st low rates of {nterest, sud expended In makitg our water-tun- Dels, layhig_many milea of Istgo water-pipe, and sewors, * buflding school-bouscs, _ongine-houses, bridges, and visd: protecting onr livea and prop: 1, edneating our chiliren, sud malutalutng la gen- ecal the welfare of our poopla, : TUE LEGALITY OF TITZ DEUT hss been scttled by the practics of yesrs, by the de- cisfous of courts in analogona casew, by the uuiform opiujons of thy Law Department of the city under ffterent admiuistrations, and by the written ypintony of many of the first lawyers in the United Biates, iteapt 1a Leing mado to provent the payment o} dvocates of ropudiation sre few in num. ber limited in fufueuce, Thele efforts anly derive importance from ald given them by n part of the newapaper press Ly their fre- quent pubiications calculated tw provent the oollsstion of the lazen, Lo impaiz the conlidence of capitalisis aud hinder negotiations by the city to obtain the noces. = sary o moet ita obllgations. On the otber hand the Oty Council and niae 00t of ten of the tax-payors of Chicagohave shown & disposition alvuys o pislue tajn e cr d honor of Uie city, it T hiave fell t my duty from L 10 Ume 0 repel the atiacks upod tha-clty crodits snd, although 1 do not expect long to bear the burdens of this offics, some tine siuos Laving requested tha early appolutiient of 10y successor, ¥ shall continus touo what [ cen tu pro. wnota the future successful sduinlsteation of “our Busnecs, 1am now callud on to mect A NKEW UMIECTION fa the legallty of our certlficates of (udebtsdness. Oua of our duly Cewspupera, Lu {1 editlou of yesterdsy While sdin{iting the legality of all of our corlificates of Indobtedness issued beforo the sdoption of atir pres- ent chiarter, in April, 1678, but denying tha legality of all issued since that iime, uses ilhe following lan- g €431 inoutd b nnderstood by persons an corpora- tions who hold auy of these cesiificalus of tle cliy that, while their dllegafity must bo cuncaded, thers 1 uo purposs or inteuliol on the part of the clly ur 18 peo- le to repudiato or evada (s payment of suy part of i dubts " Tazealinve beonteviod fur the debia ropre- seuted by thosa certiticates, sud as thoms taxos are col loctad the certificates will by vald, Thers are o stauding, dus, aud uncollevied tazes, applicabls to ¢ redemption of thess certiticates, {4 oxccas of th sumoutt theroof, IL ia perfectly well known o the proprictors of this DACE that tho prubiably Fecclple (roim tax. coliections will not be sufticlent (o pay the milllons of indebied- nees which will walure belweon now aad the lab of Jups uext, And if no new certificatos can be issued ornegotiated betwodn now and the lat of Juse next, Linve (oaned us, st Iow Tates of nterest, the monoy ap- Plled in thn pajment of our neceassry épomses, rusiie sulng our goverament, and perfocting our improves ents, It fn'thereforo greatly tn ba regretied that mieh & pabers misking mich vrotessions, should sllow itsel to canie tho mediun: of an jnsidfoun and dangorons ese sanil upon tho cradit of our cortifcates, by protdntin new srguments againet thelr valldity, but all, a2 sliall how, without tha alightest real foiniation THE FOLLOWING I8 TIE ARGUMENT TRESENTED, "fhens cortificaton havn been jamucd by the eity dur- ing tnapy yeate, bub always until receutly under tha expreas authorily of Iaw, ' During the various amend- ments Lo tho cily charter, Lhe pawer {0 make tempor= ary loans in anticipation of the collection of tazes to [ the intereat on the varlons bonds of the city, and Pay the curreut expendilures under appropriations proviously made, wera eontinued and re-cuscted, Pifwer to do #0 was contained {n the old charter, which s ballol-box st fara dostroyed lastaprin .The tollowiog provisious of tlis i clirter coversd 0 vas0 s - 0 et of I'cb, 18, 1805, Ste, 33,—To provida for monthe Iy, or any otlier, paynionts which shall have been au- thorized by the Cotamon Council, sud required to Le mads at any time bofors the collcction af the taxes of oy year, {le Gompirolier may, with (0o swnction of tho Sfayor and Financs Commlttos, borrow the nooes- #ary money for & 1ime nat lungor than the 1st day of Fovruary noxt thereafler, Act of Aprif 19, 1803, 7,~'Ths Mayor and Comp- troller may make temporary loans to pay special as sesataenta sgainat city property when due, and may make il temporary fosna, now providod for, falling dus on the Iat dsy of Juna of each year, Hesides thess provisions, thers wera otliers wiiliors iziug tomporsry luans to mect intorcet aud olber aps- ¢ifio’ exponditiiros. Thove clarter froviaions cantin- nied to be the law of tho clty untit, in April, 1615, the Aayor o porion of ihe City Codncll, snils gar of Uallot-box stuffers ropealod ail thiems provisions of lsw by the adoption of an enticoly new city chartor, which eapecially proibita any geueral of apecial loana for permanent or lomporAy piirposes, or auy foan or delt uf any kind for any purposa whatsoever, €0 1ong 41 tho existing debt of the city excesded A per cent of the ss- d value of the tazablo proporty within the city. ra {a tho poin! k provieion of the charter of 1973, sdopled by e Clty-all billot-box stuffers ia pri 3¢ ART, V., 820, 1, 'The City Conncil In clifas, and the Board of Trusteea tn villages, stiall Lave the following powera : . Fofth=-To borraw monoy on the cradit of the cor- poration for corporate purposes, and fuso bonda thierefor, {n such amounts and form and on miich cou- ditions as it shall prescribe, but ahail nol become e dabted {n suy mannor or for any purposs 10 an amount, fucluding exlating indcbtedness, in the AgRTegAts (6 exceod five (5) per centum on 1o value of the taxsble ropecty thersin, to bo sacortained by tho laat assess- nient £0r Btate b county taxes previous to the incur- ring of auch Indotrtedness; and, beforo or st the tims of juchrring apy indebedness, 'shail provids for the collection of a direct annual tax sufficlont to pay tho intercat on such debtan 1t falls due, and alko to pay and_ discharg the principal thereof within twenty years afler contraoting the mme, This seciion 18 alniost a (ransctipt of the State Oon- sittution, and whatover doult thore may Lave existed w1 to whelher tho old city chatter was sct awlde by the adopition of tho new Consiltution, thero can bo no question whatover that this provision placed in tho Tow chartor directly repoaled everything 1n fhe old charter which \aa gepcaied by the odoptiun of the naw ono In April, 1676, The conatitulional prolubition was ro-anncled it tho liew city charter, and is final and conclusive agaiust the muthorlty of tho ety to borrow ono dallar of moues o lonyg s the exieliug cily detit excecls 6 per contumiof the assessed valuo of the taxable property withia the city. In answer to all thia X have {0 soy that, o FIRST, Bsforo the voto was taken upon the adoption of the chiarler auiendments {n April Last, T requosted the Corporation Counsel, tho praper legal sdvsser of ihe several Depdrtments of the City Governinent, 10 ex- amiuo and report to mo whether our orgaulzation un- der tho Gonoral law of 1872 would 1o sny way invaid- ate our certificates of {ndebledncsa or fmpair tha pow. of of thacity {0 niake temporary lonsn o4 nuthorized by tho lawa (hew [n exiatence. 1o mado the examina- Alow and reporied that it wonld nol, bt Luat (be powee of tho city 1o borruw mioaey would Lo coutiutied sa be- ore. Undor this opinion, the 3ayor, and Comptroller, and Finanoe Cowmmitleo were fully autborized afler tie adoption of the charior smendments to borrow imonoy for tho ardinary expenscs ud tlie payments of outstanding cortificates, issuing new certificat for o money mo borrowsd, Lsving recafved this opinion, T took 0o further lutereat ia the clection, bo- Ueving that my connection with the finances of the alty rondesed it mors proper to avold all political com- plications. I might drop the subject hers, aad lsave tho quesiion of the correctness of that opinion for others o discuss, bat sa I belleve the opinfon was sound sud correot, and the srgument now presented shiould bp answercd immediately, to give assuzance to our creditors snd protect {he city crodit, I will glve what 1 deom Lo be & conclusive answer, It is BECOND, that the prohiLition in the law of 1873, But ehall not become indebied in Atiy mAONOT OF foF ATy purpuss to a1 amouut, Inatiding oxisting fudebtodness, in tho aggregute 1o oxceed 6 per contum an tho valuo of tho tazabio property thoreln," etc., 14 {n tho procise Words of the Conetitution of 1870, sud mos exactly what thoss words the Coustitution, It the word *indebtedutss® in the Coustitution doca not tclude temporary lount, and they wete law- ful prior to April, 1875, 28 admitted by this ne\upnlnr. the same word in the new Charter amendmeuts doos not include thom, and they are still lawful unlesa tliorwise prolfbitad, X will add tlt the probiuiiory claise 18 Dot an independent provision of the act of 18332, Lut morely a limitation “E’“ ths grant of power to fhcur & bondad debt contained n the words just precoding tist clause and in tho same paragraph, and tto measing of tha whols paragrapl i tiat ciies toay incur » bonded dobt, bul must keep within (he ro- stcictious imposed by the Couatitution. THIRD, Tha act of 1872 containi uo repeal or prohibltion of 8 power to make temporary loaus previously exlsting, FOounTi. Bach power s expresly coutiuned by the following ‘provisfous: * Lt all Iaws or parta of laws not incone siatent with the provieions of this act shall continus in forco and applicable to such eity or village, the 1f such chisnge of orgauization had not taken '—Art, L, Blec, 6. All ordinatice, rasolutions, force in any ity or town when it ahall organiza undor this act sliall conttuus in full foroe and eflect_untll repealsd or amended, notwilhstanding auch chango of organization; and the making of nuch chisnge of organizétion shiall not be construed to effeal. o hange In ths Iegat {dentlty a8 ® corporation of such olty or town.U—Art, L., Boo. 11, Al righis and prop- erty of every kind and dascription which were veatcd iu iny municiyal carporation under its former orgini- zation shall bs deemed and Lalil to be vesled u the same munieipal corporation upon its becoming in- corporated under the provialons of {his. mean . in Providod tiat, whon a difezent romody fu glvia by this act, which msy properly made_ay- Pplicatla any right exlstiug at the tline of such city ss becorming incorporated under this act, the sime shall be deemed cumulative to the romadies bef oro provided, and used aocordingly,” Art. L, Beo, W 12, “Thia last saction thrown light upon the others, snd atrowa thio salleltuds with whick the Gevoral Assembly huve nought to provens auy curtafiment of {ho rights aull powors of municipal bodics enjoyed under former acta of legluistion, 1y tioc, 3, Art. T of the actof 1872, 1t {s providod that tho now organizstion sliall take effect from tho time when ihe refurns aro canvassed and the result entered upon the recorde of the city, In the cass of Chicago, tho returns wero canvi and the result ordered'to be entered of record, May, 1878, That was, therefore, thodato when tho new organization took offect At hat tima AN ORDINANCE WA 1X FORCE gl-‘mn! April 30, 1875, and spproved hy ths Mayor, 7 1, 1876, which containe the foliowing provisions : B5oTion ‘1, s 1t ordained, Tiat to provido for ‘monthly or agy other payments which shall hava been atilhorized by the Comnion Councit and required to be madost any tme before the collection of the tazes of any yoar, {he Comptroller may, with the sanction of tha Kayor snd Financa Committeo, borrow the nieces- sary money for tlms not jonger ‘than the st dey of Jutie of the next municipal year, 87, 2. I {or uuy causs the cily bus orelofors, o shall hereafter, foil (o collect any tax on the genernl tax warrant of aadd alty, in any year, or in case tho re- oclpt of the rovenucs’ nf suld clfy aball fall short of the omounts appropristed by the Conunon Connell Mayor snd the Comptroller aball are herby, authorized, witn tho sanction of the Finanoe Oommiltcs, fo vorrow a sufMcloas monnt of money to mest oy auch deficlency for auy lengih of time not excesdiv; the clove of next mumicipal year,and to an negotiste bonds or certificates of indebtedniess there- for, which sald amounts shall be provided forin the annual Appropriation billof the musicipal yoar noxt #ccouding auch loan, Bac, 11, of Art, 1,, 0f the act of 1872 above quotod expreasly providea that, * All ordlusncos, resalution and by-laws in forco in'any clty ur tawn When {t o orgenlro under this act, ahali continus i full force and affect until repoaled or amended, notwithatandin surl changs of organisstion. It 'Maa sppears oo only that there is no prohibition wpon temyorary lane, Lut that an ordiuance suthiorisin exprotaly continuod i force of the gencral law of 73, and, not Loen repealed or smendad since, 1 'In force now, Lot bxve o doub of e legulity of theso tompars £y loana, and Tefes \o (he following casas, furnlehed Tao by C. 1, lorse, Eaq., iu suppori of tusls legulty Graut va, Qity of Daveuport, 31 Towa B, 401, Chianse bers_Co. vy, Clows, 21 Wallsce B. 331; ‘18 Wal. Iaco B, 333; ‘18 Wallsce R. p, 65 10 Walluce It, 607; 10 Wallaa 1. 657; 13 Louiiang, An. Reports, p. 836, Diilon on Manfelpal Corporations, Respectfully sub witted, 8.8, Harxs, Comptroller, PO oo THE BANKERS AND BROKERS, TUEIR VIEW OF THE BITUATION, Thora bas bean & growing oplinion for somo timo past that the cortificaten of indobtedness fsnued by the city since the adoptton of the new charter were illogal. Tiw SBuxpax Tuinuxe con. talued an editorial in regard lo the mattor, giv- iog tho law, aud showing very clearly that cartig- cates of indebleduess issuod by the City of Chl- cago since April, 1875, the timo of tho adoption of the new charter, were illogal, and that an ate torney had given aa opiuium (hat oaly those whoss namos wore algued to thess cestifcatos could bo held by the partios to whom they were fssned; and that the city could not be hold lia- ble, a8 thoy were issued contrary to law, and that sll lawa muthorizing the [saus of such cer- tiicates wore reposled by the now charter. Bl the buyers of theso cortificates say that no one nésd be alarmed; for, though th tifieatos may have been i withouy -ut:n‘:(':'; of law, tho cllizens of Chiosgo will sckoowledge Inwyer yulm‘i‘r'v. the former maid to a Tninuxs hy, £ conm{ AR DEFX CONNIZANT of the fact Lhat thess cerlitlicaton wore being illogally isaucd for momo tima past; but what reniedy have we? If monsy was not forthoom. 1y these roostora would qut, which, though it mf{:ht bo o eood thing in 1teslf, would hava the offcet of throwing the city into a state of anarchy, But this {llegal fssne shonld Lo herdad off at onco. Any person a little meanly diaposed, though ha might bo a very amall tax- psyer, contd go into a coutt of law and aak for an’ injunotion reatrainiug tite payment of the certificaten, and 1hava nodonbt bus that the requeat wonld bo readily granted by a conrt of law, though it might work ruin to Chicago's credit.” repartor : OUR DANKERS, A Tuzauxy roporter was dotailed yeaterday to got & numbor of privats bankers’ viens on the question involyed. and tosso If their faith had beon shaken inany way in city certificates by tho disclosuros made. A numbor of our banka Lold Intge smonuts of theso cortificatey i which thoy havo jovested thoir surplus, and one Canadisn bank dolng buniness in this clty In aaid to hold ju tho noighiborhaod of $400,000 worth of them, Iiowever, they ssil no one noeil fear, or part with U at & discount, aa Uhey would all bo pmd dollar for dollar, but it waa vory doubtful 1f etops would not bo taken 10 prevant farther issue, "Tui: TRtauxr: roporter called upon MENSBH, JOUN 1. WIEXX & CO., bankers, 06 Washington stroct. 'This firm has doalt very largely In city certificates, having bought them ouorders from partics in the Enat, Huhflhare orter ta Mr. Wrenn : ** Did'you sea the artlole in Tum BuNpAY TRinoNE questioning the luiz-m; at city cortiticatos iesued since April, 1875 2" . Alr. Wrenn—Yos, air; I eaw it, and concar in tho viows taken Ly Tne Trinusx. Iawm no law- ver, but your paper bringe out some mighty log- ical facta, which look ta me a4 thoughthey would Liold good D.; wilt now f Mr, W.—No, sir. Wo conaider them good. be- cnnso we trust tho peopls, mud nos the office- Lotders. 1t.—Iavo you many orders now ? Mr. W,—Well, no; not so _msny, since thesa reports got into circtlation ; bnt whetlier capl- talista hiave got #cared off ar not, I don't know. u—\\'uud:ou be afiald to buy them on your own account Ar, W.—No, sir, not atall. I offered a price for some to-day, but the Lxuuca proferred to bold on. Tha fact Is, T think that these certifi- cnten are good property and will be paid dollar for dollar, for Chicago has ampls means to pay Lior debits, if sho has not the roady cash just now. % MR, A 0. HLAUONTER, No. 136 Clark street, alea pumcu‘v agreed with ‘Tag Tranuse, “but.” sald ho, **{ would rather hava thoso city certificatos than tha paper eome banks and bankers are buying on the street,” lll.-?—'rhnn you think the cortifleates will be nid 2 Mr. 8.—T do, most aranredly. T.~—You deal extensively in these socuritios, X bolieve ? Mr. 8,—Not just now. I would not parchase alarge nwmouniof them at proeent, bLecause I might not bo able to realize on them when I would need the monoy. Dat, in my opinion, thoy nre a good aund eafe investment, ~ Lresume ing thoy aro run down to 05 upon the atrength of the reports now curront, puaple who havs to pay taxes will buy them In for the purposes and #ave § per cent. R.—How about Chicaro's credit? Mr. 8.—It is good, but sho I8 paying an out- sldo rato of iulorost. Boston pays but b per cont, and hor bonds sre quoted at 111, and Chicago certificaten abould rank nearly as nigh, 1 beliove they will All ba paid, though some may o a khort timo boyond thelr maturity, or new ones bo Izsued In their place. MI. 3. M. ADSIT Lind voad the rditorial, and know It wan true. Ho would buy cily ceitificatos, hut the fact was thera wore none offored, He kuow that they wonld bo paid dollar for doliar. Mr. A, J, Cbristoph, 167 Randolph strect, knaw that the articlo was trie. but thought |t ought not to hiave been published, av it might hurt the credit of she city. e wonldn't buy any morea cortificates till ho ~ saw furtlier dovel- opmonts, Ho tolt, howover, that they would be paid. Ho thonght no mory certificates should bo lasued. MESSNS. SXYDACKER A 00, Nos, 05 and 97 Clark street, thonght it waa abad thing that this matter should be bronght up at this timo, s it would tend to hurt the credit of the city, Thoy handled from §5.000 to &10,000 of thoess cortiticates monthly, and they felt rafo 1n continuing to do so. Measrs, Proston, Koan & Co, and Follansbeo & Bon thouglt that the certilicates wore s per- fectly safa investment, and thoy would continue to bandle them ns hLorotofore, A mnumber of other firms were visited, but they all oxprossed the semo views, and sard that, while they hLad no confidence in the City Govornment, they had confidonce in the peoplo of Chicogo, It is underatood, Low- ovor, that bankors aro nob as coufident as they oxpreesod themsolves ; that thoy have quit baying cortificates, and are busicd culf 1 get- ting rid of thoss which (tey buve on haud, to do which it is necessary to keep a stiff upper lip. Ordloarily when tho Comptroller jasues a certificato to_any ono it is known to one of thoso buyers beforo tt {8 to the person to whom it 8 10 go, and the Intter i Atraighiway visited and offors to purchass made him, But all that, it Ls said, is at an end now. AMUSEMENTS, M'VICKER'S THEATRE, Tho foappoarance of Mr, Raymond was grocted lant night by & large sudionco, Tho cbaracter with shich ho hes identified his nama haa be- come & publio functionary, We tho poople—as tho threo tallors sald—know Cot Mulberry Bellers better than we do our chance acquaint- saces. Hia fame has apread abrosd whero his poraon is not familisr, and hils personis ploto- graphod in the mind's cye of thousands, Wo know his schomes for the amolioration of mun- kind, his vanguine temperamont, Lis atrong ani- mal spinits, his subatantial honesty of npurpose, bis amiablo qualities of peneronity, fidelty, and friendlincas,, his tenderness, his jovialty, his bumor, his self-confidence, his simplicity, bis contompt for forms, hiasudacity, his geuial power of lylog, and, above sll, Lis native roflucment of foeling. A comparison of Sellers aud Hardwell Slote fa naturally fnvited by tho close proximity into which they bave boeu thrawn in thia city, ‘The formoy {s much the finor-drawn chsracter of tue two, 1o is nearsr Lo nature, aud therefore closor to our hearts, Sellers 1 o quack, dealing in patont nostrums which at the * worst can do littlo borm. Slofe is & thief who takos monoy from tho first gonket Lio flnds open and contin- ues stoaliug while the opportunity sarves. Mr, Itaymoud's chisracterization Lias fmproved docidodly sinco laat year. ilia atyls of acting is even quioter and mors intonse now than then. Fluoncy and glibness of specch are tho prin- cipat natoral u{‘uu of Col, Setlers; and theso ara oudowmouts which Mr, Naymond bas inbarited by long aud faithful service. ‘The almost im. palpable essence of S.llers i bis facully of ex: sggeration. ‘I'he artistlo portraiture of this ree quirea most caraful acting; for to exaggerato oxaggoration fs to fall ioto the barren fiold of burieaque, whero the boues of muny a good sctor now lle bloaching, _#fr. Raymond, we ate glnd to soe, hins escaped tho common fate of 1hoss who do too much. o hns n(nrpod shiort of exocss, Tuo oxaggeration of Seilers, prop- crly desit with, {8 » gouuine spring of dramatio {ntoreat. Pooplo recognizo it at once a8 & universal tralt of maukind, und especi. ally as » pecnliarity of a new countiy and a new nation, whore the wildernoss can bo made to blossom in a day, where foriunes are more often won than lost, and where life itself {a in- toxicated with the atmospliere that surrounda {t. Sellers has an unbounded wagination—or say » power of invention—which hus bosn communi- cated to bin by tho sge and plsce [n which he lives, rather than taken ita riso in him spon. What could be readier 1n wit or more lugenious than his explanation of the untoward eircumstancos (n his homa which gave it the ap- Joarauce of poverty in the eyes uf bis visitor? How deliciously he™ explaiued thay hoat wasa product only of the lmugination, and that ture nips wero a sure proveutive uf the Gireat Loue don Plague. Animagiuation that could conovive such thivgs fu wuch dire extremities would not porhapa equip & poet, but it might qualify & mau to act a3 » patent-lawyer or s peddler, ‘The play was well put on the stage, as is nsual with the excellent staxe-mauager of AgVicker's Thoatto, and the jury acene was tolerably auled, The Distriot Aitorney at Washington, however, «ovs uot dress in the preposterous style of Mr. Boymour, and no counwsl for the defeuss, wo venture to say, would appear on the stage, n law, you stop dealing {n theso cortificates w BMr did, In full dress, 'lhe other acts of the sy were #O well given, by a good desl, ss at tua Acadamy of Musto Iass year, Miss Rachal Noak wi better Laura Haicking than A, Mr. Hurey Murdoch a better then Alr. Goesin, sud Emuqx Kennivott & beiter Clay Ilawking than r. lrowns. Nobody who saw both orme auces cau for a moinent question that thoe for- Carroll, deslred. ——— CHEYENNE NEWS, Cnryexxe, Wy.. Fob, 21.—Gen. Craok, accom- panted by Col. Btanton and Lisut. Bourite, lears bere to-morrow morning for Fort Fetterman, for which poat a large fores of cavalry under command of Gen, J.J. Roynolda isen ronte. Tue eutiro forco into movo nortuward from Feitorman, bot for what purposs fanot yot known, TR parties are arriviug from iho East and Weat and dsparting foz the lilllla daliy. DR. PIERCE. Toledo Llads, *'Buccann Is naver achisved withont morit, A man may maks a poor article and aoll it ance, and there being 40,000,000 people in the United Htates, tho sale to each one wouid be enough to make a decent fartune, Bat sn article that liolds the fleld yonr aftar year, and the sales of which inoroaso regularly aud rapidly, must have abso- lute merit. “Dr. R. V. Pierce, of Buffato, N. Y., occuples our entire eighth page to-dsy with hia varlous articles. We admlit it, becausse wa know the Doctor, snd koow of his articlos. We know him to bo a regnlsrly educated phyeician, whose diploms Langs on tha wall of bia office. and we know that he has associsted with him seversl of the most eminent practtioners in the country. ‘Wo know that parties consult him, by mail and in person, from s!l the Btates n the Union every day, and that they ars falrly and hanestly dealt with, ** This grand reanlt has beea accomplished by two agencies,—good, relisblo articles,—articles which, once introduced, work easily their own way.—and splondid business managoment. They havo succoeded becauso they cught to have muc- ceeded.” If you wonld patronize medicines, sclentifical- 1y prepared by a skilled physiclan and chemist, use Dr, Pierce’s Family bodicines, Golden Med- leal Discovary s uutritions, tomic, alterative, aud blood-cleansing, and an unequaled cough remedy; Pleasant Purgative Pellots, scarcoly larger than muatard-seeds, conatitute an agree. ablo and reliable physic; Fasorite Prescription, a remedy for debilitated fomale xtract of Bmart-Weed, s magical ramedy for paln, bowsl complaints, snd an unsqasled liniment for both human and borsoflesh; while hin Dr. Bage's Catarrh Remedy is known the world over as the greatest epecifio for catarrh and **cold in the besd " over given o the public, They are sold by druggiata. TWENTY YEARS A ROFFERER—CURED BY TIE GOLD- EX MEDICAL DIMUOVENY, Dr. R, V. Pieree: Dgean Bin: Twonty years ago I was shipwreck- ed on the Atiantic Ocoan, and the cold and ex- posure caused » large abaceas to form on oune log, whioh kept continually discharging. X was attonded by doctors in Liverpao), Havre, New Orleans, Now York, and at tho hospital on Staten Intand (whero the doctors wanted to take one leg off), Finnily, after spending hundreds of dollare, T was persuaded to try your * Golden Modical Discovery," and uow, in less than thres monts after taking the first bottle, I am thank- ful to say I am complotaly cured, and for the first time In ton yoars can put my loft heel to the.ground. I am at home noarly every even. ing, aod shall bo glad to satisfy any persou of tho truth of this information. I am, air, yonrs rospectfully. WirLiax Ryorn, 87 Jolferson atraet, Buffalo, N. Y. AMUSEMENTS. TOLEDO, 141 East Madison-st, Washington's Birthday GRAND GALA DAY! Unforescen by the American people, to-day will show to the lovers of music that the Toledo™ han dono more to produce papular tmeical themes than auy other place of & aimiiar kind in Americs, The follows ipg warld-ronowned ktars sppear there this AFTERNOON AND EVENING: MR, CHAS. WIRTCHOREOK, the groat . “Baritono AMS8 FRBA ROBESON, the Southorn Oporatic Vooalist; and tho . BUROPEAN LADIES' OROHESTRA. ADELPH1 THEATRE., ‘Washington’s Birthday. SPECIAL LADIES' NIGHT. BIG BEIGET BIG 4 ENCORES NIGETLY." KING SARBRO. NULLY PIERIS. BTRONG'S HISTORIC TABLEAUX, Waskington Orossing the Delavare, OBJECT OF INTEREST, GREAT OLIO, and decl- +». dedly tie best show fu the city. 'THE OOLISEUM. Tvery svoning this woek, Prof. Weilffoni>aoch, The Uhampion Dmmmer of the World, woe perforas the wondarful feat of playing upon 18 drurs at o time. the most astonlshing muslcal sct ever witnessnd, PROT. YWEITNIY, The world-renowned Ventriloquist, with bls Talking o o FAKIR OF OULA, "I'ne gtoat Kurupass Iiinslontst, Mr. Jucob Rilcyf Acknowledged the Superior of all Jugglors. Miss NELLIE ATHERTON, The charming Serio-Comlo Vocallst, FRED. ROBEIIN, the pepular Qomio Tha WAILE bISTERR wiil apprar ia nuw minusin & dusts, Adinission, 25 vunta, HOOLEY'S THEATRE. TOE TAMOUS CALIFORNIA MINSTRELS:! KRR, FHB, fl.—Firet snpeatance of Lhe Emperor of il Dutoh Comediats, and thiv Humarist, of the A Greatand Only GRORGE 8, KAIGH T, fohis Hongs, 1}ances, Recitations, 'unny Huln1 ROOAKY in s lnughier-provobiag and origiaa) entitlod, **xince Ny Son James Want Un the Stags. BILLY KMERBON {n now and rlmlnl‘ portraltures, in which ho siands unrival ‘slone. Dist an gulshed succoss of the al and Apocialty Art- ts, WHSL! 1! YN sad OASEY. tal 5‘!!N 12 ‘HDI] i Rata sarence st Wi Fflklh Iate of Havorly ‘Bongand Dance Artists. Tus lirtiday) Watiaoo—Tioasdy taads TAKES " BOIENTIFIO LEOTURES, ELIZABETH J, FRENCH, I, D,, 01 Philadelphia, will deliver at ¥FIRST METHODIST CRURQIL, corner Olark and Washinglon-sts, TOUR ANATOMICAL ARD PHYSIOLOGICAL LECTURES To LADILS, demonatrated by life-aize Vrench ment. kina and models, THURSEDAY, Feb, 24; FRIDAY, Feb. 21} TUESDAY, Feb. 2V, and WEDNESDAY, March 1, Cummeucing st 3 p, w, Tickets for entire conrse, $1.60¢ Fo ingle lectures, 50 cta; for sale at W, I, Keeu, Cooke & Co,'s, Jausen, McClirg & Co.' and Jullus Jaer's, McVIOKER'S THEATRE, JOHEN T. RAYMOND, 1n his masterly personation of COL. MULBERRY SELLERS, in the satirical Auerlcan Drama of that title Ly Mark Twain, % THERES MILLIONS IN IT,” Seats can be secured ten days n advance. 0L WOOD'S MUSEUM. MR. JULIAN KENT, Yor one week eply, 14 A T ith bk, oee oL, THE BORVER KINU AND WILD LE - oo ol viow days Every eveaiug, Tomembe Matinee overy duys HESPERIA LODGE SOOIABLE, Tuesday IAEve.. Teb. 22, . £ THE TRIEMONT PARLORS, Beception st 8:16; Promenado atd p, m. NEW LAW BOOKS, LITTLE, BROWN & COMPANY, 254 Wasmxaron Brazer, Bostoy, PURLIEA THIS DAY USITED RTATES DIGEST. First Berles, Vol, X, Koyal 8.0, oyal Avo. BIGRLOW O 1. LAW OF RATOPPEL AND ITR lAlfi' (.'-‘fé.T 0.’?' W II’HAUTIUE Bacund Fdion, 0. A Books Recently Published. REMEDIRR AND REMEDIAL RIOHTS NV THR CIVIL 0N, RDINGTOTHR REFURMED EIUGAN PIOCEDURE. * A teestiss adaptod to nallThe Htates aud Torcitnries whers that syptem e i dosn Nortun Foworuy, LL D, "#ra. " Liw X W OF TAXATION. hor of **The Law of Torte,* &c. gvo. £6.00, BISHOP'S COMMPNTARIES ON THR LAY OF MalutED WOMBNTATIGE, AP t!\‘.l.‘-pl'm-u BIGELOW ON THE. LAW Leading € o e T o Torts v, “gaipy T Lapdiag Guaee DEAN'S PRINCIPLES OF CONVE: Kpitome of tho Law ni U Kierican Notes. Bso, bi ) Her REFERENCR INDEX T0 A 1 DT ER Gy TG D EED ST A e o Bections, My Darlus igman. 1ioyal svo, UNITED ATATHS DIGEST, Vol Anuuzl Digest for 164, Hoyal v, INITED BTATES DIGRRT. Pirst Barfer, Vols. 8 T e o o, Yl Bortess Vol vaIL Tookn in Prem, New Hortes, EWELL'S LEADING AND BELECT CASTS ONTIE DISABILITIES INCIDENT 40 INFANCY, CU' ERTURE, IDIOCY, dc. With Notes by M. 1, Eaq* 8vo.' Jieady tn Slaveh. REDFIELD ON THR LAW OF WILLS, Fourth Fditod, Heady {n Yarch. WASHBURN'S REAT, PROPERTY. Bvols. Heady in Marchs ANGELL'S LIMITATION OF ACTIONS AT LAW and Huita In Egnity and Admiralty, Histh Edition. Edltod by Johw Wilder May, Kaq. 876, Heady in april, UNITRD BTATES DIGEST. Fiest Berlos. Vol XI, Keady (n Jiarch.” Vol, Xil. "Ready tn 4pril. UNITZD BTATES DIGEST, Val. V1. New Serles, Deing tha Anousl Digest for 1875, dendy in duy, BCHOULER ON PRRRONAL PROPERTY. Vol II. Cumvrising Titla by Acquisition, Gitt, sod Hale. #ro. CURTIS ON THE LAW OF COPYRIGHTS. Wit Lesding Cases. Lty Hon, Goorgo T. Curtis. CLIFFORD'S REPORTA. Vel. I1l. Reporteof Ceres argied and determined fa the Cireuit Court of the Unitod Btates for the Fint Circult. evo. SHEPLEY'S REPORTS. Vol, 1. o diermin o Vo’ Ciredtt "ot of 'tbe Ur the Fint Cirenit, v, TEE POPULAR SCIENCE MONTHLY, (Establishied May, 1872, . Oonducted by Prof. E, I, YOUMANS, CONTENTS FOR MARCIL, Vol I Tourth Editton. 1. Hydrography. 11, Laceand Lace-Making, Dy Eliza A, Youmsns, 5 (Thustrated.) T11. Our Great American University, v, Tb!l\zuélm of Bcience, Dy Andrew D. White, V. On Fallscics of Testimony Nerpecting the Snper- oitural. By Willam' 8, Garpenter, L. D., ¥1. The Functions of Asoctation {n Its Relation to Lebor. By Willlam 15 Weeden, VIL Modern Ihilosophical Dlology, Ly Dr, k. Cas zelion. 1, By Prof, Tsndall, F.R. 'VIII. Leseons in Electricity. IX. Natural Euthanasis, 81!; Benjamin W, Richards B, L (Iinstrated.) von, 3. D, F. . X. Sketch of Herbert Spencer, (With Portral XI. CORRESPONDENCE: “ The Contlict of Ages, XIT, Eprron's TABLE: History of tha Centennial— Ketrospects of Our Past Hundred Yearn, Lxrrrany Norices. The Pmotions and the Will Teachier's Haud-Book for the Iuati- od the Claxs-Room—Tho Uraniat and Neptuntsn Systems—The Scicatitic Mouthly —Tho Journal of Mental and Nervous Dis- eases—Belence Byways, MiscroLany : Exhibition of clentific Appsrae tus—Foasll Coulfere—tiablts of Hermil- lenue o Euglieh Sebools on German Sulencs AreLrTovs' JoURNAL and Tiz Porvtan Rerexer MONTHLY, together, for $4.44) per annut, portage jre- paid by the publihire, D. APPLETON & COMPANY, TUBLISHENS, 549 & 551 Drosdwar. New York. CORSETS. tiet the CINE! Bewnro of Imnhatiol THOKSON'S PATENT QLOVE-FITTING CORSETS. EACH G CORSET Aps Stauiped R EINI=Ln * THOMNUN E axu’ iadn WITH PELRECT TIRADE. T They gire entira FATTAT o thin: Khery lady who b has worn thaa nrethe 1most roeommends Derfectlurs e, and tosr nbin, nud everywliers io- Ecunoml- Sresaing popu- en) Corsets larity fnduces made, many eompeti. {oreto cory ear sames and marks aazestly ad votalble. oy Kty iliman's Patent Solld_Tawoniog oot Capped Cornat Ktasls, They aro unbreakable. sud their do not abrads tho dreas, o by first-lazs deslers evorywhers. TIOMSON, LANGDON & Pi) Ne Vo 5 lmmrn d e the 1), 8. OOEAN NAVIGATION. ONLY DIRECT LINE T0 FRANCE. ignaral ‘tanssiisntio Company's Mail Stasmars a New Yurk and Mavre, via Plymouty, T castls on this tavorite route for the ru, souttierly than any utlier), will N o7, 48 followas . Tae ontinent all from e Fob. 19 ‘March 4 Ninien 1% LAFA’ S, Maliard, LAY Dot sanuber: PRICK OF PARSAGY, 2 wine)t 110 and B1%0, sccondioy 16 ascamnmodation s 87; tnird, 40, Hoturn tiokets at redused commoaations, in- ul!h‘l‘l“:‘ bBlesmers 0 Bt carcy st oraK® pasveligors, LU DU RETAN, Axubt. £ lioadwy, N ¥o National Line of Steamships, KEW YORK TO QUEENSTOWN AND LIVERPOOL. ENGLAND, 4,580 toos, BEAIN, 4,611 fons FUYPE B HELVKTIA, .0 & T B Yirst cabin, cal 2.at 13 nonn Retom tiok. 2 curreucy. Ti:"Linson, P, 3 Olark and |:nm ark a0 Randolphats, (oppotito new WHITE STAR LINE. LIVERPOOL AND NEW YORK MAIL BTRAMERS, UALLING AT QUERNSTOWN, IRELAND, of this line taks the Laus ruit, u o Us 8. a o to %unnnnnn alltl nger sccuminodatiohs fur all olssies 10 InIAARlD bocrion wier Jonss paotog e MO LRED LAOKI X (en'l Weatorn Agent, 130 Randolph-at., o] REENEDAUM & CO,, 76 Fifth-sy. "Gront Western Steamship Line, cadny, Sarch 10, earr o liur passed. ‘“lm Touwn ol k to Brtatol (Englaod) dirsor fl?flififi"fi.“ s oW otaoninsy Feb, 28 s ; Eabtn Pt 1S Sl g1 Bcrte, 92 . ul Freight ot Lake Blivre & 3, R e INMAN STEAMSHIP LINE, Ourrying the Mails hetwoen " LUROPLE AND AMEIH(%A’\.l ¥or puinags, apply at Com ny;-v nms:nn‘;g. Qlarkd e OUNARD MAIL LINE, Salling thres Limos & week t0 and from Liritish Ports, “’,’(fifii‘, A1 Gotipanys Otn, sortimest soraer Olack aud Randofornit 43 VRN KT, Goneral Wostern Aesat. N Town of Tako (ates stc ow UUS s0d peyable at my oftive, 181 sud 164 LuSallest, Houth Purk Commive s:oners’ Olice. Tho secoud instalimeut on walers Tiniig 1a due since Jan. 2, 1670 Thos. desiring can 7 Uha whiule saseevmisat 4d KAV the 10 per Cot ine Pout Lo ba conapted 10 date’ Of payiaents. Oul abd iy up aud Kave, tuie, costd, N8 (rouble whlle the [otca'are tn my bands, * BETER OALDWELL, v 'REASURY DEPARTMENT, Orricx or C JaLLan o zup Coparscy,} AWMLNOTON, Feb. 3, 1874 M porsonnbaripy eltias i e Sinat e Yoarih Hiations A s el o “hereol e fiintlres Sioathn toCb 3 .".'m-a.fi-wm.u mca o of Ohlcasoy By gav xcvox, Gomplroller of the Durreadz, | ARBIVAL AND DEPARRARY OF TRAFHS m&mn 0% OF REFEREACE MARZS.. turdey et copiod < Bnniaye B R S G s Fieket Upces, & Clarkat, af B By B3l B b 1ireen Ba EMadiron ERL, BMarqnatts Exjeo atinriova Lake Ry, FGenera Take Kipress. A mala Kzpress akreepart Dubaane 1 eport CHICAGOR IOMH&&!}S"R'I‘,.R.I:LE?;-I&I"}| 1ty corner Madiron-o, Dubugun K waukes Fast SIall (Susdar waukco Mal maukoe Ripta maukes Pasennge atrong K 'xumv' Fivor b Paol & Wingna s—Depol corner of Wells s . Devatsrasr of Crsal ket Rineia-sias MICHIGAN CENTRAL RAILROAD, 7 and Depat, fort o Joal af " Tickszoften, 81 Gl st corner and ai faimier diise, " " RandelEh Mait (vla Batn and Al 1ag Bipres Night Express ... ORAND RAPIDS AND MOAKEGON, | Mornlog Kxpre Nigh *Sundar Rz, {*Baturdayand Boader Kz, a Dnda Ohear: Al Devot, Kaoss Cityand Danvar Faat Bx.. 1 5L Louls and borioatieid. & Bt Logis, Bpriagrold Porl Chictros Btreatur, Jotfer &' it Faprews 1Dalty, CHICAGO. ALTON 4 ST. LOUIS. TaCDenets amd 113 Randolphesto A4 Ticht Leuse. A 12:03 noo: 10D, 24 8. . [* T0p, 0p. 1w || 130 e ! Arrive, A s Breiiriad el oW atbiteien, o wizght Ace nninoration, |* 4:20 l:fi:.‘ j¢ ;gzlp. m. LAKE SHORE & MICHIGAN SOUTHERY. Arvie {3 matn line. 210D, 1, pecial N Y, £1pr 20 p, i Atlanifo 1 d: E : Micliigsn - Ace {iins. Night_Kxpres 40 v, | 11200 8. m. 20p.m.'§ 540 &L ra, CHICAGO, MILWAUKEE & ST, PAUL RAILNOAD. Ticket Ofies, Fnion Depat, corner Uad| 3 South Clark-al,, spporite Sherman Day Kaprsa. Wisronsih, Tow E1pry Wi comin and " Minnosota Night Pas-augee i And Canalests, 95 8 m. 40 p, m. *11:008, m, 1430, m, Minaeapol Cuten, or via Watariown, LAOrosre, and Winuna, Depot, faot of Laks v vIs Milwautos, Ticknts far NF- Paul A £0od ofthae vin Madtury prd Peaieis da ILLINOIS CENTRAL RAILROAD, ool ool af Tsenty.sscond s, Office 13} Randolphut, near Clark, ek Dubugus & Slouz Ci Gllman Prasanger Dt ana Sisisenitee and at depots AMall and Expres iawa sud Pacitio Fast Line, for Gwiata. HKansas Laave. | drrive. CHICAGO, BURLINGTON & UUINCY RAILRoAN. -4t , Indisna-av, @nd Sicteenthost, Tiekst Offoat, 5 Ciaraniy S xar. Dubauue & Slouz Oty City, Learaumortn, 4t & 8L 0NN B - TRz Raturdey, tkz, Mosiar EfllfiAND CHICAGO LINE. rk-st., cormer WaskhMgton, Palmer tehigan-ac,, cormar Hadison. osttion Bullding, T A, o) J B Au;;ufi l-rtxl:vnrl'ullml; Eeam) akdon 205" Draw s ion Garrand HU’HI (’:"Ifi,. Hlesing m.| B:10p. m, TOuly line runaiag the hotel care to New York, KANKAKEE LINE. From Depots, Sool Luke und Teentysseeondeits, Leate, | drries, Indlnaoolle, Lonierlils & Clacta.|- natt Uay Ksp » 32 oAl Day fapro « (10202, m.{* 8:30p. m. pau Nieht R:0 b, m,le 2488, m. af Indi CINCINNATI AIR LINE AND KOKO! Depat, cormer Clinton anid Carroll ssapolts, Laul & o T il Y | bay Kipro HtSa. m.[* 580 p. m, (datly}.. B:0p. m.| 7:208 m. PITTSBURG, CINCINNATI & ST. LOUIS RAILROAD, From depat cors and_Carrsil-as, Leave, | Avrive. 58 m,|* 8:Kp. m. 8:00p, m.| 7:30a.m, PITISBURL, FT, WAYNEA CHICAGO RAILWAY. Leave, capt Tyuis ar 3 ped. § Daily, "t Excopt Moadays. § Er i tiahdayey, | reopt Avaduis. 3 BALTINORE & QHIO RAILROAD. ing leave Jrum rear of Ksposition Building and Fost Tuentyaecond.st, — Devut corwer Madison-at. and ichigands, Culy ufice, 83 Clurkeit,y eorner of Wash. Baturdays naton, Depet, corner of Yan Buren and Sh CHICAGD, ROCK ISLANU A PACIFIC RAILROAD, ertiauale, Tiokel a o Grand Paedie ilote Lease, Dmabs, Leavonw'thi Atcl 'l\.lg . m, e 1000 . 1 1288 o) T FIRM OHANGES: NOTICI. Ll C. HTNDERBON, Esq., has this day withdemwa frutn the CHICAUU BUII* OHANDLERY CO, ™ 1o bustncas will be continusd without ehange or fotersuption, attho old stand, Bonth Water-st, cornee Lake-st. Brhtge. Casia trade soltcited st cash prices, Chicago, Feb, 31, 1878, CHIOAGO BHIP CHANDLERY CO, FOR SALE, SODA WATER APPARATUS, For the manufacturing of Soda Water, Glnger Ale, Wioes, Mineral Waters, Mead, Roos Beer, etc. Lottling Machlnes, for corking and flling; Marble uspensiug Appsrstua for the Gounter, o o ples. Heud for Catalogue with Apparstus, * princt- ris of {yaqu on WILLIAXM G Cor, Fim and Franklin.stu, New York. _FRACTIONAL CURRENCY, w§~5.00 Packages or - FRACTIONAL CURRENCY IN RXONANGE YOR Bills of National cmTency, : AT TRIBUNE ‘ OFFICE B Y