Chicago Daily Tribune Newspaper, February 29, 1876, Page 4

TERMS OF THE TRIBUNE, TATEB OF AURSCRIPTION (PATADLE TN ADVANCE). Pastage Prepaid nt this Ofee. Dally Edition, l;:‘mx-m. 1sear.. 813,00 Hatted 1.00 Hihea, 3:1’)3 fine sopy, por you Ulub of fro, por c i Uluh ol snty, por . 16 "' postage 18 13 contd x year, Whiok we will Brepsy. Bpeclmon coplos sent froe. 'To provent delay and mhitakes, ho sure and giva Fort- fice addross In full, noluding State sad County. RRomittances tiay be made elthor by dralt, eapress, Poat.Office ordar, or In Tegisterad lettors, st our sisk, TERANA TO CITY BUDACRIBRNS, Datly, deliversd, Sunday sxcapted, 20 conts por weok, Vaily, deliversd, Sunday Included, 30 cenls per week, Address TILR TRIBUNI COMPARY, Corner Madison snd Dosrbarn-ets., Chicago fil. WOOD'S MUSEUM—Monron strect, bétween Dear. born and Htale, Afternoon, “ Msdelalns, Eveniug, * Fauchon,” MOVICKER'S TIEATRE—Madlton street, between Dearborn and Ktcto, Engagement of Joha . Rage fond, * Col. Mulberry Sellers.” HOOLEY'S THEATHE—Randolph stroel, belween Clark eud LaBalle, Tho Californla Minstrels, ADELPHI THEATRE—Deatborn street, Mouroo, Verlety performan: corner "SOCIETY MEETINGS. ATOLLO COMMANDENY OF RNIGHTS TEMPLAR —Bpecial Conclave thia (Tueaday) svening at # o'clock, at the Asylum, 76 Monroo-sl, for conferring tho n:&;’r of K, T, Viaiting 8ir Koights courtcously in- vited. @I)cl-@hfimu Qibune, + 7fuesdsy Morning, Fobruary 29, 1876. Greenbacks at the New York Gold Ex- change closed yestorday at 873c. Cold, cloudy, and thmntenin; weather is predicted for this locality to-day. King Avroxso, unwilling to take the re- Aponsibility of inviting ex-Queon Isancria to Toturn to Spain, has referred the matter to Liis Ministry, who now have the subject under consideration. [ —————— The ordinancs for the redistricting of the city in nccordance with the requiremonts of the chartor of 1872 wos lnst evening adopted by the Commen Council. The ordinance congolidntes tho First and Second sud the ‘Nineteenth and Twentioth Wards, leaving the nine West Division wards intnct, and giving fiva wards to the South and four to the North Divigion, The Chicago Reliof and Aid Society hns just submitted its annual report of 1875, showing tho smount of reccipts and dis- ‘bursements for tho year. The Society has conducted its business quiotly but effectively, and with unquestioned wisdom and integrity, distributing charity where it could bo worthi- Iy and ndvantageously disposed, and proving n power for good in the community. From the votes and tho debate in the Sen- ato yosterday upon tho West Point appropri- ation bill, it is clearly manifest that the spite- ful cheese.paring which the Democrats in the Honeo indulged in toward tho Academy will not receive tho sanction of the Sconte. Tho two bodicsara certain to be wide apart on the various items in the bill, as tho Senate fails to perceive the advantage or credit to bo gained by crippling the military training. school of the nation. cloaing nt $12.80 cash and $13.00 for April. Meats were more sctive and i@}o highor, closing at 8o for boxed shoulders, 11}e for o short ribs, and 110 for do short cloars, Highwines wero quiet and unchanged, nt $1.06 per gallon, Flour was dull and steady. Whont wna active and 1ic higher, closing at 81.04 cash and £1,00 for March, Com was more nctive and o higher, olosing at 42}c cash and 4230 for March, Oats wero active nnd Jo higher, closing at 81Je cash and 31j6 for March, Ryo was dull and 1@1}e lower, ol 63@63Je. Barley was active and 1@3c lower, closing st 51a for March and &0c for Mny. IHogs wero quiet and stoady, closing firm; sales chiofly ab $7.70@7.85, extra at £8,00@8.85. Cattle were in good domand and wero stronger. Sheep wers firm, with rales ot $4.60@6,00. One hundred dollars in gold womld buy §114 in greonbacks at tho close, A rich lode of acandal and cormption hns been doveloped by the Houso Comumittee on Foroign Affairs charged with the iuvestiga- tion of Minister Bomenen's counection with the Emma Mine swindle, Tho testimony of Jaues B, Lyox, of Racine, Wis,, o former owner in tho original Emmn inc plant, given yestorday beforo tho Commitiee, unfolds n chapter of fraud, bribery, and corruption in high places searce- Iy less startling oud enormous than the Credit-Mobilicr disclogures, The state- monts of Lyoy throw o blaze of light upon tho secret history of the Emma 3lino schemo, implicating Unitod States Senntors, United States Judges, learnad scientists, Unnkers, ete,, in addition to the parties al- ready notorious in connection with the gi. gnntio confidence game 8o successfully played upon British capitnlists, ‘We place no reliance upon the reports that Mr. A, O, Hestso has fled to Canada to avoid lis trial upon the indictment charging him with complicity in the whisky frauds, Mr. Hesvo s aunything but o cowanl. Ifo hag not yet been proved guilty of conspiring to defraud the rovenue, and ke is not yot rendy, wo beliove, to advertise his guilt by ranning away. Tonman of his temperamont, a so- journ in Cnnnda under the disgrace of adumit- ted guilt would searaely be preferablo to im- prisonmont at Joliet, and ho could certainly take no comfort ns s fugitive from justico in Europe asmong the friends and relatives there who have hitherto held him in high re- spect and honor, Althongh having frequont- 1y felt called upon to condemn Mr. Hesva's political nots, we arc not willing to boliove him guilty of internal revenue frauds until a jury has so decided, and we fully expect to seo him appenr in court when his caso is called next weel. Pending tho ndoption of s0ne compromise policy by the Cancus Committee, it is consid- ored unsafe to turn the Democratio majority looso on the curroncy question. The lenders aro working hard o provent n rupturo, or at nny rate the outward manifestation of a rup- ture, in their ranks, in the hope that tho enu- cus will succeed,in sottling upon a mensure which will solidify tha party vote and avert tho threntened anorchy and confusion. For- tunately for Mr. Monnisox, A motion to nd- journ is always in order, and aa lender of the Demoeracy in the House he was able yester- day to scouro an adjournment and thus head off rush of awlward and troublesome resolu- tions which were all rendy to bo placed upon their passage. Mr. Housan was prepared to proposoe the approprintion of the puerile thunder of tho Indisun Republicau platforns, £ and thore were other Lrookord in sight whicly The sunountement of the suspension o the wholesale lnuse of Arren, Kerrn & Co,, will bo received with genuine regret by the large number of fiends won by long years of honorablo busines dealings. Mr., Anren's candid statemont of tho condition of the firm's nffairs will Yo gencrally accepted as truo, nnd there is good reason to hope that tho firm will bo enabhd to continue business, or that, in any event,all debts will be paid at the rate of 100 cent: on the dollar, One effect of tho reont French elections hns been to render neessary o moro liberal construction of tho now Press Inws, which under Burrer wero eiforced, especially pgninst the Republicsn aowspapers, with such strictness a4 to call ford the unanimous condemnation of that class of journals. Many cnses arising during the receit political con- test have, by order of Dursne, Burrer's successor, been nllowed to Iapo, this couse heing, in the opinion of the Govunment, the wiseat under the circumstance: Tho Common Council adheres ndily to its determinntion to cut down the oxpeadituros of the curront year to tho lowest possible point, At yostorday's scesion tho estimates aubmiited by the Superintondent of Build- mgs snd the Polico and Fire Departments wero reduced nearly half o million of dollars, and the Couneil improved on aven tho Comp- troller's notions of cconomy to tho extent of sbout 807,000, This good work is donoin tho Committes of tho Whelo, and the tax. payers will jeslously watch for any and all ittempts to loosen the municipal purse. strings when thae approprintion ordinance tomes up for final ndoption in open Council, Tho Louicians House of Represontatives, by a vote of 61 to 45, has adopted the report of the Kurtooo Investigating Committes, to- gother with tho resolutions recommending that urticles of impeachment be preferred agnint that officer, Tho affair appears to 4uve been of 'he snap-jadgment order from beginning to ead. On tho coll of the yens and nays on to resolution, several mombers wha desired to cxplain their votes wore choked off in the ost summary maonuor, und the businew was rashed through with the uimost rechjessnesi To addition fo the protests from buluessanen of Now Orloaus, the Manager of tte Clewring-Houso in that city has published 1 card in which he argues could only be safely dodged by the enrly ad- journment which Mr, Monnsoy so frantically urged and by n closo voto obtained. CAN THE NATIONAL BANKS RESUMEP In tho schemes of tho wilder class of in- flationists, the cxtinetion and prchibition of ‘bank notes is included, but wo think that the discussion of the general subject Las dovel oped that no such measure can succeed, Wo think it has been furthor shown that ovent. unlly, by some sort of process, the Govern- ment will cense to bo o manufacturer of frrc. decmablo paper money. Under the ceriain. ty, therofore, thnt wo aro to have banks nd back notes, it is important to considwr whether tho character of these bank notes mny not be so improved a3 to hasten the re- tiracy of tho greenback as no longer noces. Wao hiad in Decomber last 2,085 National Tanks, with n capital and surplus of $638,- 496,287, and a circnlation of $314,889,051. The law authorizes the bunks to deposit with the Trensnror bonds, not less than $60,000 in amount, and issues to them bank notes to tho amount of 90 per cout of tho par of tho bonds. They have likewiso to deposit with tho Tressurer s sum of greonbacks equal to 5 per cont of their circulation. Tn fact, thoy put up the equivalent of $103 in gold to secure ss collatoral 885 in paper. Thoy have, therefore, n margin of $18 in gold per $85 of paper in- circulation. It is not probsilo that banks thus limited, and with o tax on both circulntion and deposits, will ever resume specle poyments voluntarily, or koop outstanding any circulation in excesy of the abiolute requiroments of tho law, in coso specio poyments bo mado compulgory, for tho sufficiont reason that it will not bo profitable to issuo notea thus hampered and hindered. Dut the existing provislous for gold-note banks are still moro illiboral, Only 80 of notes to 100 of bonds can be Issucd, and the banl is required to keep 26 per cont ing restriotious. circulation rodeemable ou demand in coin, must leave it possiblo for banks to furnish of coln besides in its vaults, pay 1 per cont on ita circulation, and half of 1 per cent on tho monoy of its depositors left in its custo- dy for safo keeping. There will bo no gold notos issuod under theso usdloss and suffocat- 'he Government, in order to hava tho country provided with a suflicient bank-note this paper without loss. The question is, - - Can this bank currency bo improved inqual. Spenoen's ordead iy beon postponed for a | ity and be mado specie-paying without so littlo moro thun two .ueks, Hohas employ- | weakening tho soourity to tho bill-holdera as od MarT OanvENTEN m4 Lis counsel, and hopes | to render tho redomption of the nates on by his aid to bo uble to intorpose sowe sort | demand eithor uncertain or impossible? Wo of defense to thodamniig array of chargea | suggoest in tho first plnco that the commoreial and evidence brought firward by tho Com. | business of this country, sud of sl other mittee repr. onting the Btato of Alsbama, | countries, can only be succossfully carried on Srescen wio luve the bexefit of tho sympa. | through the agency of banks, The substi- thy aawell e tho sbility of the Wisconsin ex- | tute for banks hag not yet been discovered. fenator. Whees finm friend ho was st the | The great commerocial countries of Europe— time of the fong Brunch unplessantness in | England, France, and Gormnny—transact all the anunner of 1854, und if thero is nny such | their exchanges through the agencies of thing s coavineing *he ¥ingte Committes on | banks, Neither of these countries have any Privileges and Eleelivas f Seencew's june- | Government logal-tender notes, aud when cenes of the corruj *ion 1itvged to have been | the Governments neod money they borrow employed in obtaine: « Wi lecean, Mare will | of the banks, asindividualsor corporations do. pull Lim through. 'he Bank of England holds Government S * bouds to the value of $70,000,000, and is al- "fhe Chicago produce n.ardels wure irTegui ) \nwed ta jssue on that security 70,000,000 0f lar yesterday, Mess pork was setive and 160 | &% yotes, Authe Bunk becomes possessed of per brl higher, closing ut §21.92)@%1.46 cush, | coit uSyilion, it is sllowed to issuo notes, und $21.65@21.67) for april. Lard was iu | dollas for dular, to the amount thoreof, Tho fsir demand and 5@G10s per 100 s higher, | security belng equal to the amount of the against tho mpeuck: went of Keruooa. THE CHICAGO TRIBUNE: TUESDAY, FEBRUARY 29, 1876. e ———— e e e e e e e — e e e e notes outntanding, no fnrthor seonrity fa ro. «quired. Supposo a like rule was adopted in this country, nud that the banks wore allowed to {asuo notes to the full amount of the gotd bouds at par doposited by them ; suppose they wero raquired to keop on deposit in the National Treasury for redemption of their notes coin to the amount of 5, 10, or 15 per cent of their ciroulation, and wero nllowed to issuo notes to tho amount of such coin de. posited there, would not tho bill-holder bo aa amply socured? And what moro s noed- ed? When tho National Banking law wns en. ncted, the Covernment bonds had not at- tnined par value in coin. In fact, thoy wero worth only 60 to 70 cents, and a margin was but proper for tho protection of the bill-hold. or, Now, the bonds, oven the & per conts, hiavo gold valuo of a pormnnont character, above par,and tho margin is wholly unneces. sary as protection to the bill-holder, Before tho War, the banks of the Unlted States, though orgonized on n variety of gystoms, with the exception of the Iilinois + Stumptails ¥ and somo other wildeat con. cems, wera, 88 o whole, nble to maintain specio payments, Insomo of tho States n doposit of Stato ,bonds was required ns security ; in other States, partionlarly New England, no such requirement was made, but nspecio fund avoraging 10 per cent was to be kopt. But tho best bauks wero those who presorved thoircharactar by avidence of good, careful, nud honest management. In no in. stance, howaver, wero the bill-holders so pro- tected ngainst loss as by the requirement of o deposit of United States gold bonds and coin equal, dollar for dollar, for tha circula- tion. What would bo the effect of allowing the ‘National Banks to issue notes, dollar for dol. lar, with tho coin and gold securitios placed on deposit in the Treasury? Each bank would at onca becomo a specie-paying bauk, ‘because it would be profitable to issue gold notes. Its notes would be receivable at spe- cio valuo in all partsof the country. The bank-note circulation wonld becomo profit- able, and wonld incrense to tho full demands of tho necessitics of trade. Tho greenbacks would continue to pass current in payment of old debts and for their market value in oll transactions; but eoin and gold notes wonld be the standard money of trado and commerce. 'Those who aro enamored with greenbacks could still enjoy them to their heart's content, until they beeamo tired of them, when they would be funded and disappenr. I tho banks wers permitted to issuo their notes to an equal amount with their bond and coin doposity with tho Treas. urer, nnd bo relieved of tho Federal tax on circulation and depasits, tho country would soon have 6 paper currency, redoemnble nt par, equel in valuo in oll parte of the coun- try, and affording o protection to bill-holders nover cqualod in the history of American banking, and equnl to tho utmost demands of trade, Any system or plan of specie resump- tion which ronders it unprofitable, and impos- sible for the banks to resume, or which com- pols thom to retiro their ciroulntion, will draw npon the country tho wholesale desols. tion unenvinblo ns o result of contraction, THE A8S3 AND HIS MASTER'S CRID, Isa1an, one of the wiso won of olden time, is accredited with tho saying that *‘the ox knowoth his owner and tho ass his mnster's erib,” Thero must have been in thoso days clnss of seribes corrosponding in character to those who malto up tho Whisky-Thieres' Organ in this city and in our time; for certainly tho romark, leaving out all referonce to the ox aud rotaining the ass, applies with peouliar significanco to those who are responsible for the coursa of the Whisky-T'hicres' Organ. These modern nsses bray incessantly with their mnsters’ erib in view; nnd if they catin proportion to their Lraying their consump- tion must bo appalling to thoso who provide the fodder. Thoy hove fnterested themselves particularly in BAncoce's caso,—not that they would hesitate fo kick Bapcock in the inter- est of their mastars, but beeauso they con- ceived that Bapcocr's acquittal would be useful for further braying., Thoy follow tho suggestion which Judge PonTen made so useful with the jury by insisting that Ban- cock's conviction would earry with it tho conviction of the President; and they go even further, with the virtual sssumption thnt Bancoox’s acquittal carries with it tho acquittal of oll the other men jmplicated in the frouds. They ore extremely anxious that this construction shnll be accopted by tha publie, conveyed to the Government offirers, imnpressed upon the United Statos Judges, and earried thronghout thecountry to the mn likely to be placed on tho juries, It i doubiful whether this purposo can succoed {o any extent. The indicatious are all the other way. Beeretary Baiarow and Solicitor Wirson aro not likely to bo disturbed in tho prosecution of their war upon the whisky thioves in the same way thoy have begun and continued it thua far, The confidentinl Jetter of Attornoy-Geneml Prenueront, mado pub- lio by Brones, upon which the indicted men restod their hopes, hra been oxplained nway, and the construction that has beon suthorita- tively placed upon it docs not change tho policy of tho prosecution which has secured conviction heretofors, So the whisky- thioves’ nases may continue to bray for their corn, but the rcault is not likely to Lo changed, nor the guilty mon escape, Among other things sbout which tho long- eared editors of the Organ are troubled is tho constant ovidenco that Tng Triwuse s not calisted in behalf of the whisky thioves, but, on tho contrary, desires to expose and bring to punishmoent every ,man who has had o guilty conuection with tho Ring, This tho T'hieves’ Organ concoives to ba rank treason, forgetting that Tax TninuNe has never been pledged to the Ring, and does not depend on ita bounty. Tue Tainune, therofors, con. cefves it to havo been ontirely proper to de- mand the names of the Congrossmen who wero prowling around tho Whito House in tho intercst of tho.Whisky Ring, and using their influence with tho President to have him interforo with the orders and efforts of the T'rensury Dopartment to .stop stealing. ‘The Whixky-Thiecves' Organ jumps at tho pro- tended conclusion that this is a stab at the Prealdont, aud that it 18 in somo mysterious way an intimation that ho s in tho Whisky Ring. Tho demand for the uames of thesa Congreasmen was bnsad upon the President's own testimony, under oath, in his deposition in the Baucock trinl. During his examina. tion ocoursed the following questions and an. BWord; Questions by Mr, Cook: Q.~After the order had been fually lssued, wers any efforts mada to {nduce you to direct its suspension or revocation? (Bamo obe Joctions as to provious question.) A.—Most sireuuouy efforts wers made, 5 Q.~Wero such effobts mads Ly prominent publie men? (Sume objection sv to provious question.] 4, —Thay were, Cross-cxamination by Mr, Katon: Q.~You Lave 310 that you reslsted tho preasure brought to bear upon you by prominent publie wen in regard to the auspension or revocation of the order trausfersing Bupervisors. 17 you Liave no objection, will you pleass tato the uames of tLoss prominent mud who brought that pressurs to best upon yonu? A.~There wers many persons, and I think [ could give tho namee of revoral Senators and membors of Congress, but probe ably T ehioulit havo to refor to papors that ars on filo. Tdo not know {hat it {s materisl. I know ihat the pressure was conlinual from the Bupervisors and thietr feionde, Q.~CUan you from mumory name any Senatora or Teprosentstivea? A.—I could name Lwo or Lhree, but 1 do not bellevo that it 1s necoanary, AMr, Baton: 1 wlll not preas it, then, Now, wo still Insist that Mr, Esrox should have pressed tho question; and that, after hia faiture to do go, it swould simply be an act of justico to the peoplo to have the nnmes of these Henntors nnd Representatives givon to the people, who enlisted themselves in the effort to seoure tho rovorsal of an order which was prepnarad as amonns for catching the thiovoes nnd stopping the robbery. This may look like treason to tho whisky-thioves from theie organ’s point of view. Iut whoover agrees with it is invited to moka the most of the trenson, THE PITTSBURG ES{?}!M-BORUDL BRUTAL- Tho syatemntio abuses in tho adminiatra- tion of tho Yorkshiro school, the debtors’ prison, and the Euglish poor-houso, which Mr. Dicxrxs so graphically exposed, and the liorrors of the insane asylum which Mr, Crmanues Reape has given to the world in his works of fiction, are more thon paralleled in tho horrora of the Reform Schoolof Western Pennsylvania, at Allegheny, as doveloped in the oflicial investigation just concluded by the Legislaturo of that State. It appenrs that this Reform School was institated twenty yenrs ago, and its nbusos have oxisted from its first year to the present timo, showing tho most culpable and criminal negligenco of the Board of Manngemont in its supervision of the officers in charge. The first Buperin- tendont wns a clorgyman who debauched the femalo inmates, nnd continued his abuses nntil ho found bis approprinte placo—in the Stato Prison. Ho wns suceceded by ono SweeNey, whoso flagrant cruelties at Inst becnme so intolerant that he wns relioved, and an Episcopal clergyman by the namo of Aveny, who had been ncting ng As- sistant, was promoted to his place and like- wino to his crucltics,—in which position ho moro than enrried out the savage brutality of his predecossors. ‘Lho testimony showed that littlo boys wero mixed in indiscriminate~ Iy with older and hardenod youths confined for crimes against the Inws, and young girls were compelled to consort with the vicious and nbandoned of their own sex. The testi- mony of some of tho victims is almost too shocking for beliof. A littlo girl, 8 years of ago, for impertinenco to a tencher, washorse- whipped, put in o strait-jacket, and kept upon bread and water for three weeks, An- other was whipped until the blood streamed from her shoulders. Another girl, who was compelled to nasocinte with Cyprians, sought to escape, and, being detceted in tho not, wns tied to n chair and beaten unmtil the blood flowed from her hands and bronsts. Then sho was taken to o cold room, in mid-win- ter, ond wnas kept handeuffed, the manacles piercing tho flesh, and while sho was thus fottored was struck in tho faco by the brutal Superintendont. Ono boy was Leaten until the blood flowed from his body, nnd then was thrust into o cold room, whero hig feot woro frozen. Amnother received 100 lashes upon the baro back., A one-armed youth received 132 lashesupon the baro back, and another was tied ton post and horse- whipped until ho foll exhausted. These aro a fow instances out of colnmns of horrory which aro printed in the report of the Com- mitteo, They show n systematic continu- ance of brutal inhumanities blacker than any over drawn by Mr, DicgeNs or Mr. Reapg, as wo have alrendy intimated. Under the man. agemont of theso atrocious brutes this Re. form School was literally a hell upon enrth, turning out upon socicty thieves and prosti- tutes, mode #o0 by the brutalitics of the Superintendent and his convonient assistants, who seom to have shared in tho cruoltics of their superior, Tt is diffleult to concoive how such infamies could havo boen perpotrated year after yoar without publicity, excopt as our correspond. ont intimates, that it was a closo corporation, ond that it was therefore impossiblo to get at its nbuses until tho Stuto at last took tho matter into its own hands. Thero i8 a8 pros. pect now that these abuses will be corrected, inasmuch ss the Blato proposes to take the control of the institution out of the hands of the negligent, incompotent, and oculpable Board of Mausgement, and’ conduct it as Stato institution, but this should not allow the Superintendent and his assistants to escapo from punishment for their inhuman couduct. If thoy conld be tied to posts, lashed on the bare back until they fall from exhaustion, and then b placed in cold rooms and kopt for weeks npon brend and water, ng thelr poor little victims havo been, justice would bo satisfied. Thero is little hope, however, that thoy will suffer any pun. ishment at all. 'The waifs npud gamins who go to Reform Bchools bave no friends, and are usually considered as appropriute subjeots for cruelty and torlure. It would scem, howover,-as if tho excess of cruelty in this case ought to inspiro somo friends of humani- ty to rise up and defond these waifs, oven though tho brutsl Superintondent mey bea ravorend one, aud bring him to the punish. meut ho so richly desorves. THE Oy oznmmg\gm' OF IRDEBTED- NESS, Tho Staats. Zetiung opposes the scceptanco by the city of the outstanding certificates of indcbtedness in payment of taxes, sinco it desirea that tho Trensury shall be kopt sup plied with money to psy out to the office. holders, It is confronted, nevertheless, with the fact that the certificates come duo mext June, and there is no legal authority to ro- issue thom nor mnoney to pey them, In this dilemmn, ond opposing thelr acceptance in paymont of taxes, the ASleats-Zeitung sug- gests that the only way in which the embar- rassment can bo overcomo s to make n now and additional bonded debiof say six mill. ions, with which to take ap five millions floating debt, and leave anotier million to go on until the taxes for 1875 cin be collectod. To do this it admifs that thero is ounly a choice of ono of lwo ways, viz.: (1) Either to amend the Constitution by removing tholimitation of 6 psrcont oumunie ipal indebtedness, or (2) to :nereaso tho val- wation of the Chicago properiy on which tha limitation of & per cent is fixed. Tho former oven the Staals-Zeituny dismisses o imprac. ticable, though it opposes the principle of limiting municipal indcbteduess by o com. mon rule throughout the Btato, 'Tho only way it sees out of tho difficulty is to enor- mously raise the valuation for asscssment, but it ovidently las not suficiently considered -the burdon that such a coursawould put upon tho city. ho constitutionsl limitstion of 5 per cent indebtedness, in the words bf the Constitu- tion, 1a ** to be mecertained by the last assess- ment for State and county taxes previous to tho incurring of suoh indebtodness.” Thero can bo no special valuation of Chicago prop- orly for this purpose, but any increnso wonld represent the proportion of the Stato taxes which Chicago would have to pay. Thero is now a bonded dobt of nbout $18,500,000 ; to add $6,000,000 would create a debt of $190,- 600,000, which, to bo ITegal, wounld require a valuationof $400,000,000for Ohicago property. The present State valuation on Chicago proporty, including the throo towns within the city limits, ia $171,311,716. To aecure the valuation necessary to increase the bond- ed debt ns proposed it would ba necessary to more than doubls the present valuntion, If such o valuntion as 3400,000,000 wore sont to tho Btate Bonrd of Tqualization, that Board, irit did its duty, wonld throw off the extra $230,000,000 ndded over and above ita own cqualization of tho year previous, and also about 120 por cont above the rptio of the val- untion in other parts of tho Stato. This ne- tion would of itsolf dofent the proposed in. orense, and the ndditional bonds could not be issued. But if the Stato Board negleated to do its duty and permitted this excesaivo valu. ation to remain, it would proportionately re- duce tho valuation of property clsewhero, and Chieago would pay on more than twico its fale proportion of the property for State {axes, In other words, wo would inour the burden of ndditional and disproportionate taxation for tho vory questionnble privilege of incrensing the city’s bonded debt! The proposition suggested by the Staats. Zeitung is full of danger, and only in the in. torcot of the worst class of tax-entors. It tho valuation of property could be doubled onco for the purposo of incremsing tho bonded dobt, then it could bo doubled again, If raised now from $171,000,000 to $400,000,- 000, how long would it bo befora another $100,000,000 would bo added for the samo pur. pose? This process might go on indefinitely, ond the constitutional limitation of G per cent wonld be practically a dead-lotter aud inop. erative. 'Tho peoplo will not agree with the tnx-enters nor the Staats-Zeitung that either the valuation or the bonded debt shall be in. cronsed by nny ovasion of the constitutionnl principle. It will occur to the people ns a much better plan that the expenses of the Oity Government be reduced, and the col- loction of the back tnxes vigorously prose- cuted, until the floating debt shiall be got out of tho way, nnd wo can begin to pay 88 wo go, This cannot he dono without some sacrifico on the part of the tax-cnters, and they may as well make up their minds 1o it. DEATH-PENALTY LEGISLATIOR. The State of Maino having beon blessod for some time past with o comparative im. munity from murder under tho operation of the desth-ponalty, the people of that Statle, through their Legislaturc, have been injudi- clous enough toabolish that penalty, and, the Govornor hinving signed tho bill, it kas now become o law. Henceforth, and until they nro convineed of thoir folly, the peoplo of Mnine will imprison their munlorers for life, and the Governor will pardon tbem out so that bat a very small proportion of them will gervo their torms, As law is ndministored nowadnys, o gonerous percontago of them will noyer bo convicted ot all. Under this flourishing condition of things, murder will inerease, the conrts will bo busy, and tho pen- itentiaries will bo kept periodically full. As ‘bad men find that they will not forfeit their own lives in committing crime, and thatn fow yenrs woro or less of incarcerntion will compensate for the gratification of their mal. ice or revenge, they will have nothing to hin- der them from giving frea rein to their base passions, nnd the hitherto peacenblo Stato of Maino will be charaoterized by the same era of blood that has disgraced tho State of Towa during the past fow years, until, in self- defenso and to protect tho intereats of soci- aty, it will bave to roturn to capital punish- mont again. In Towa the peoplo have fearned this les- son thoronghly. Since the time that tho death.ponalty was abolished by tho persua- sions of the Bovee sontimontalists, murder has increased ot o fearful ratio. Tho State nowspapers have beon burdened with narra- tives of murders, rapes, assaults with intent to kill, and violent deeds of everydescription, for tho minor crimes always incrense in equal ratio with the larger ones, Where murdor can bo committed withont involviug the pen. alty of death, the temptations to cominit less- er atrocities aro simply irresistible. ‘The Stato hos rapidly been gaining a most unon- viablo reputation for ita crimes, whoroas it had hitherto enjoyed on enviable reputa- tion for intelligence, industry, morality, and virtuo. Bocioty found itself with. ont protectfon. A Inrge proportion of crimes was not punished st all, oth. ers wero not punishod ndequately, and in gtill others, where tho exiromo ponalty wns pronounced, it was found tliat there were ways of evading it. Tho horrible vendotta in ‘Warron County, in which two men lost their lives and two othors were terribly cut and slnshed, as tho resultof afamily foud, iathonat. ural outgrowth of this immunity from the fit- ting punishment for murder. Hitherto these family vondettas ltavo boen social foatures of the border Southern States, whero they havo been looked upon gs every-day events, outsida the palo of the Yoy, ‘Tb4 Iowa tragedy, com- mitted on the Hgbl ‘:!?;\ daoy, in tho very shndow of thosanctuary which tho participants had just left whon thelr b¥oody business com. menced, shows that the tendenoy of this im- munity from tho death.ponalty has boen towards the establishment of border-ruffian. ism and Bouthern barbarity in the intelligent and moral State of Town. 1ind those assas- sins known that their crimes would have beon visited with shorp end swift pun. ishment, and that they would jhave ox- plated the cowardly murder of their unarmed victims upon the gallows, thoy probably nover would have planned their butchiory so openly and publicly, and they would have hositated before perpetrating it, for men cowardly enough to surprise and murder de- fensolees victims in cold blood would have been too cowardly to faco tho halter, Thoy know, however, that their wors{ punishmont would only be imprisonmont for life, and that thero was a very falr prospect, under tho circumstancos of tho vendetta, of an escape with a short term or a spovdy pardon, and this is still further shown by the readiness with which they gave themselves up to the authorities and made no concealment of thoir awful and cowardly crime, The long cata. loguo of crimes, however, which has culmi- nnted in this terrible butchery has convinced the people of Towaof tho fearful mistake they have made in repealing the death-penalty, nud they aro now Lastening to repair their mistako Ly restoring it, the bill for that purpose hav- iug been passed to a third reading in the As- sombly, Tho people of Maine msy bo des- tined to pass through the same terriblo ex. periences as Jows, and learn their lesson in the same rough way, after which they will sbandon wesk sentimentalism and retum to novero Justice as the only preventive of orimo. The atatiatics of tha growth of crime and of penitentiary pardons, which wae have so often cited, aro in thomsolves unanswerabla argn- monta why murder should be punished with doath, and they ore equally convincing in showing that socioty can be protected in no other way. Whilo we congratulate the people of Jawa that thoy lhave learned this lesson, wo commiserato tho people of Maine upon tho dark proupect bofora them, : The Recretary of tho Transury yestordny, in nnswor to a resolution, Infd beforo the Houso of Represontatives a statemont of the amount of spocio in tho Treasury on last Thursday availablo for spocio pnyments, On that day the total coin balance was £01,087,- 028, This included tho thirty to forty mill- ions of apecial deposita of gold belonging to private individuals subject o eall, the amount necessary for tho acerued intorcst on the bonds in the sinking fund, the silver coln and bullion, and left an nctual batenco in gold coin availablo for spacio resumption of $13,- 841,424, 'This wns exclusive of $14,193,618 of gilver coin'andbullion. In explanation of this, we giva.tho figures of tho debt state- ment on the 1st of February, relating to the cash {n tho Trensury: Casht fn tho Tresstiry, i $126,109,041 Hpecial deposits, $40,000,000 ourrency... 992,000 52,692,000 Cofn BAIANCE. eavessraveninne L0 §72,601,941 At that dato there was accrued intorest amounting to 28,140,231, which, with the 314,000,000 of silver, nggregated £42,000,000, reducing the availablo gold to $81,000,000. To this sum must be ndded tho coin recoipts for February, and from it must be deducted the payments of interest as well us the addi- tional interestacerued. There must aleo be do- ducted suchsums ns have sinco been expended for tho purchinse of bonds for that ornamental and sentimental institution known as the sinking fund. In tho absonce of tho full toxt of tho report of tho Becretary, it is im. posaiblo to explain the actunl allotment of the coin. nominally in the Trensury snd re- ported in the regular monthly debt state- ments., The New York Z'rilune, in commenting upon the dispatches on the subject of the Emma Mino swindle whigh have been pre. sonted to the Ifouse Commwittee by Beeretary Fisu, regrots that it docs not find an explann- choles of the National Convention, Thus it ssyn fiftoon newapapors in tha United Btates have o2. pressod 8 preferonas for Dratne, whoreas more than 100 have dono g0 In ths single State of Tfiinofs, Tho two columas of apace the Press Rivon to itn ' nowapapor vate " in utterly wasted, and all spoculations based on such s report are {dlo sud nonsensioal, ‘PERSONAL. Philip Giibert Hamocton asya horaeflesh g botter than mutton, “Around the World” is very BPPtupriately Pplayed st the Globo Theatro in Boston, Thiors olocts to alt fn the Fronch Assembly rather than in the Bonato, Ho s childless aud very rich, but atill ambitions, In five montha Olara Louise Kallogg has dis appointed an sudience but twico. Bho aays ber throat is dovelopod like a bisckemith's arm, Bishop Chionoy's sermon at the consecration of tho Rlov, Dr. Nicholson, of Philadelphia, as a Bishop of the Tteformed Churoh, I8 printed in full in the Philadelphia Telegraph of Yeb. 20, Contlemon roprosenting the mojority of the Boctety owning tho O1d Bouth Churel in Boston bavo offorod to ettbacribo 825,000 for the repair of tho bullding, on condltion that it bo desded to tho Massachusotts Iistorical Boalety In trust forever. Mr. Louis Jennings has absolutely rotired from bia conncotion with the Now York Times, Mr. Jones snnounces himsolf sa * editor and publister," aftor tho atyle of Honry O. Bowen, Ito ehould add to Ll othor itles the desigan tlon, “ Ueafer in Drains.” Barony, of Now York, proposes to exhibitat tho Centennial & crayon skotcls of thio bandsoms Rignold with the Frincess Kalherine on hiz bronst. Tho Princess Ilatherine's robes have boen ekllifully usad to conceal Rignold's feat, wthioh Are of the fashionablo 8t. Louls vize. A Yals Soulor, who bolongs to tuo Bkull and Tones Bocloty and subsenbos rogularly to thy DPolice Gazelle, was asked by musical lady friond at the Junior promensde what he thonght about Nubenstoin, e roplied that ho thonghi the follow desorved to be hanged. Theroisn Rubenatein in Naw York under sentonce of deatt for murdering his mistross. The Viscount Vilain XIV., who has raturned ¢ this cotntry as Becrotary of tho Dolgisn Loga. tion, belongs to ap old family of financial origin ennobled by Loais XIV. In order to make the honor comploto, tho soverelgn accorded to the new noble the privilege of adding Qualorze, ot fourteen, to tho family name; and from that day to this oach Viscouut has beon Vilain XIV, | Judge H. N. Maguiro, of Montana Territory, seems to think that Tae TrinuNe had some por- sonal spite to veot againgt him. Io is entiraly tion of one curlous circumstance. Itnppenrs | yigiakon, Tho roforonce to him as * tho roan that (‘}en. Bemexor resigned his position o8 Maguire " was morely a good-naturod plessantry a Director of the Emma Mino Company | at the exponso equally of biwself and snothor npon Sceretary Fian's intimntion that the | gentioman with whom ho Lad a publie contros Minister to England ought to resign the | versy somo wooks ago. A porson of Judgoe Ma~ Directorship at once. Gen. Somnyex resigned guire's attninmonts ought not to bo offended at Dee, 6, 1870, and tolographed to Washington that tho resignation hud been handed in, It now appenrs, liowever, that at that time tho TBonard was dosirous of putting more stock on the London market ; so Gen. Hemenox con- voniently kept the mattor of his resignation a sacret until the 12th of tho following month, by which timo the stock was out and the money hnd been taken in. The people of this country mny share in the 7'ridune's re- grot that Gen, Screnox makes no explanation of this littlo game, but thoy lave B regret moro poiguant thon this, namely, that he did, not resipn ns Ministor when he resigned as Divrcetor. If such an ovent had taken place, the peoplo of this country would have allowed him to keop it seorot all bis life. Ono of the iatorosting e:kurn! of the being caliod & man. Comly, oditor of the Columbus Journal, writes irrsverontly of Jerry Black s * When * Old Jorry' speaks, ll tho othor counsslora aro in thy habit of loaving thoir hats outside tho bar, When tho divina flatulenco ia on the sloguent Jorry, bo don’t know a sevon and a hall beaver from a cusvidor, and ha expectorates liko Vosue vius. Jorry {8 lank and thin, as though all the juices of bis nuture had cacaped in tho sputa- tive sbower which ho equirta.” Dr N. Rowoe, formerly ot the Turf, Field, and Farm nnd the Rod and Gun, well-knawn jour. nala in Now York, has bought a large interest in tha Chicago Field aua bocomo chief editor of the papor. 'The othar partnor in the enterprise {8 Mr. Marsh, of harvester fams. The Field will begln its now caroor with a strong tinancial backing, and with botter prospeotd. of success than any sportaman’s Jourual ever bofore estab. lished o Obicago, Radical changes have been Tourth of July colebration in Philadolpbia will [ madoin tho editorial atalt of tan popor; Its o tho unveiling of nine pieced of slntusry in | make-up bas boon alterad ; it will in future ba various partd of the Conteunisl grounds, Thoy | filustrated ; and corrospondenco from abroad sro: (1) * Religlous Liborty," a marbio group, 12 feot high, by tho Hobrew sculptor, M. Lze- RieL; (2) *CoLunous," in marblo, 9 feot high, now belng finlshed in Italy: (3) **Muasornt," tionzo, 9 faet high, by Prof. Dnake, of Derling (4) * Emancipation,” marble group, 8 foot hizh§ (6) **Dr, Wiriensroox"; (6) *The American Holdior," a coloasal fountain in bronzo, 18 foot high, by BerTitoLor; (7) *A Pountain," marble group, 12 fcot bigh, by Fosey; (B) * Htatuc of Liverty,” for lndopondeaca Sqnare, by W. W. gronv; (0) **A Contennial TFouutair," 35 foob Ligh, by Hrrwany Kenxs, s pupll of Brais- TAULERL ‘Tl latter ia thus describod : 1t rll conslat of central agrure, snerounding Sgured, and will bo 3 feot high ceutral, lopmont figuro re&telcnlfl Mouks 88 Inrmg Siricken tho rock. "Tho Sl Teating ih hia ban touches below s ilsgurc, whenco fvsucs o stream of water, which, fowlny tito channols of tho strata of {ho rock, entirely encircles It and falls into the basin Lolow, The figures groupod bencath are thoso of Archistop CAnnoit, who wan Commirsluner with FavuLm to Canada ot tho oponing of the Revolutiont Commodoro Joiix BAnnY, tho failor of tho American Navy: UiiAnLEs Cannosi, of Carrollton; and Father ‘CugoBAL MATHEW, —————— Beveral eminont persons have died during the past week, in addition to thosa alroady men- tloned in Tite TawuNk, Amoung them woro tho Rov. Hzvnicn Laxa, the most cloquant pulpit orator in Zurich, and tho author of many theo- logical works; Dr. Ricuanp KiNa, the Engllsh Polar travoler, who was with Sir Geonoa Back In bus journey to the North Polo, in 1884; Horr Tnanz Havowvoen, the famons Vienna biblio- pole, who coflectod s library ot 21,000 unique volumes during his life, which was spent in kooping o littlo cating-houso; Herr Vo Graey- DAL, ono of the firat Listorios! painters of Gor- maony; Herr RieTer-BizpEnxany, the hoad of ono of the most celebratod music-publisbing firtna in Germany ; tho Hon, Nerson J. Deacn, formorly Canal Commissloner and motaber of tho Now York Legislaturo; Col. Jaues K, Keun, » promiuent member of tbe Pittsturg Dar sud brother of Speaker Kenny Fowmny Dpaw, some time an sctor, and ths father of Junta DEAN IAvye; and Pieane M, InviNo, the biographoer of his uacle, Wasurvatoy Invixo, His “Lifo and Lottors of Washington Irving,” in five vol- umos, was published between tho yoars 1801 and 1867, and In 1866 Lio published * Spanish Papora and Other Mliscollsnios.” ——————— A resldent of Brownwood, Brown Co., Tex., writes to Tug Toinure concorning s disputal title to0 1,920 scres of land in thet vicinity, Tuis tract was ontorod many yoara ngo by smap pawed Tods, or zome name fike (his, who we aftermards killed, 1o hoira sppeared, and peé of the prapetty {s bow Lieid undor a Confedsato tax-titlo, Recently, & yeeident of Iliinole wrots 1o an ofticlal in Toxas that ho dind marped the only daughter of Toxs; and as arpsugoment was mado betwoon the offcil .and & lawyer to obtain possoasion of thoe propesty snd atvide it, or 00 acros of it, with the rightful heir. Our correapondant says tho yyoperty I8 worth at least §20,000, and cap bo Obtaincd withont troublo, i tho ropresoutations of the Illiuols man ato bruthful, ¢ the expenss of & journey to Poxgs, If suy further foformation is deelred, it may bo obtainod by sddeessing & lotter to the Tuxaa correspoudont ia caro of Tus Turmuse. A S dominating four , 'The It appésra that Dishop Doranzovr hss in- ducad tho Court of Rome to waivo its objec- tioaa to the canonization of Joax of Are. Tha English Bishops, however, are mtrenuously op- posivg Joax's olaim to sainiship, upon the ground that sho dicd for France aud not for the Catholie faith, They profar & cegopization of Sir Tuoxas Monk or Queon Many of Seotland, Why not cauonize all threa of them? Whit's tho harm 7 Now thst tho Vatican I8 20 hedged 1u that it eannot canuouade any ane, Wby not let 1t canonize overy oue, i uo digponed ? el e e Bl The Pbiladolphis I’ress las been markiog dowan the Prosidential preferouces of its news. paper exchangoes, to the number of 200, from various parts of the country, Ita list really amounts to nothivg se au indication of the Lins boen ongsgod nt considorable exponas. Miss Aunia Montaguo, the now prima donns ot tno Kollogg troupo, told Oltve Logan that ehe was [rightencd almost out of her swits on has flat. apooaranco In New York. 8he took the patt Of tia Queen In “The Muguonots,” and was in !"’-’bfl“ufluflud mazo whilo sto ast on tho throno that elo renoatod all tha prayars she could romembor, until' ahge wag jutorrapted by ono of the porformers whe way obliged to lead Lier from the stage, 88 tho thag for hor exit had como. ‘Sho had gotton safely ‘irough % Our Fathor” and * Now L Loy Mo Down to Slaop,* and was juat boginning & forty-minute Prosby~ terian prayor whoo the time of her dajiyorance CATLO. THE ST. LOUIS MAYORALTY, Mr. Britton Onsted, and Mr. Ove fut in the Office—Gorman sm:::::: tion ‘Fhorent, K Speciat Dispoteh €0 The Chicags Tridune, 8r. Louvts, Feb, 28—~ German elemont oy 8t. Lonlu is oxultant to-tlht ayor the triumph of Uvorstolz, thoir favorito (n ¢he Mayoralty contest, Thore 8 & fearfos doatruotion of i ]agor-beer” now going onm. oral daga ago it was approlionded that thore Woug pg gome siotous domonatration at tho termioatap of thg contost, but Dritton: aud his adboromy hava gracofully surrondered, and take 1o fpupihar Intereat in the procecdinga. ALa supiary w Uritton by his _friends has not been vory enthusinatic. Much was oxpected of him whon he was olooted alayor, but tho charaster of i sppolntments has disgusted his allics. Iiis final dofeat is donbtlosa as much dua to his im- volitlo courso siuce by posrdssion of the office an L0 anything alse. 'Then I8 8 strung Impres sion hero that Hritton hias not Liad & propor hear ing botore tho gourts, though nobody seoms © bo very sorry about it. Lo the Assoctated Press.] 81. Loris, Mo., Fob, 28,—T'ho Buprome Quurd to-dsy rofusod to want tho wris of oortiorasd in thocontortai Mayoratly caso of ¥iiten va, Ovar- atolz. Bhortly aftor tho decjsen a8 ansonurod, Col. Dritten scut a note te veratolz, ‘“‘“m“‘s Dim that, tho courts b-/Ing docllned to raview. the sction of the City Jouucll, the contest ter- minates o bis fayes 8od he (Britten) would withdraw from ti¢ Ocoupancy of the Alayor's oftico, aua Furchor diechsrge of the dutien of Fiecttive: At o Istor hour, bath men wore At tha Bfayoc's _ office, when ¥r. DBritten turned over 1o Overalols tho®tvoks, documents, etc., holinging (o the oftioe, and after briof "spoeches, in which both statod that thoir persupal frisadship bad mot besn disturded by reason of the conteat, Col. Dritten withdrew and Mr, Ovaratola procesded to trangact the bualness of his oflice. SOMETHING TOO MUCH OF THIS, syectal Dupateh to The Phtcagy Tridune, Roeryonp, IIL, ¥ob, 23,—That eminent indi. vidusl who Invited Jeff. Davis to Rockford, H. P. Kimball, Prosident of the Board of Trade of this city; 18 evidently bound to keep hia fame * | groen in the momory of his feltow.citizena 'Thla ovoning & series 6f rosolutiody written by bim was presonted to the Common Qonncil fot adoption, which contsined ao much of wesk bombast and futile attempts st eloquence aboul nmnmi sud Bouthoru hospitality that they foll st and woro at_once squelched by a reference to the Mayor and the Fiusnce Gommittee, The occaslon was tho pressntation of an invitation frem the Mayor of Atlauts, Gn., to our muniols plity to come down aad indulge in » free blow- oat March16. It is the iutention to sccept, but e Council proposes to use less gan and more Iusiness in ko dolng. ——— CRITTENDEN VS, FREMONT, Bax Fryncteco, Fob, 28,—~With referonce W0 the suit brought (n Washington against John O. Fremout by the exeoutors of JobnJ. Crittenden fos $10,000 atsorasy’s fecs, Palmer, Cook & Oy forrrly prominent hankers hors and sgonts fo? Fromoat, pablish wtatemouts tbst thoy paid the foes suod fo1 {if the aummer of 1853, by & cBeck on their sgent in Now York. QUICKSILVER, 8ax Faacisto, Cal, Feb, 28. -A dlepatoh from Reno, Nev., roporta Rreat excitement ovar oxtensiva quicksilver discoveries In thet vioinity, Ban. Fraucisco capitalist are investiog beavds.