Chicago Daily Tribune Newspaper, March 3, 1876, Page 4

} h SPIES TELE a THE CHICAGO TRIBUNE; “FRIDAY, MARCH 3, 1870, TERMS OF THE TRIBUNE, 2ATSS OF BUDACHIPTION (PAYABLE IN ADVANOR), Portage Prevald at this Ofico. Daily Zdltion, postnatd, 1 year... ¥ 813.00 Partiof year at camo rat led to any adderss FOUR WEF tt Raditiont Sterary and Hollgt we Weektiys poi » 5 lub of ire, por copy. 1:88 Olah of twenty, per capi 1G rhe postage 14 185 cent Proper. Recimen coples sent free, ‘To prevent delay and mistakos, ba suro and gira Post- Office addrese tn full, Incladizg State nad County. Remittanees may be mado either by draft, oxpress, Post-Oftce order, or in regittored lettare, at our risk. ‘TKAMS ¥O CITT sONschinene, Daily, delivered, Sunday sreoptod, 235 cants per week, Wally, delivered, Sunday Included, 31) cents per week. Address THR TRIBUNK COMPANY, Cerner Doarborn-tts., Chicago Lt. AMUSE : woop's EUM—Monroo strect, between Dear- porn und bista, ‘Dement of Count ‘Thompson, MOoVICKER'S THEATRI—Madison street, botweon Dearborn and Slate. Engagemont of John T, Ray- mond, “Col, Mulberry Bellers."* MOOLEY'S THEATR! Clark and LaSalle, The Randolph atreet, between fornis Minstrels, ADELPHI THEATRE—Dearborn treet, corner Monroe, Variety performance. . METHODIST CHURCIE HALT—Sontheast corner Cae and Washington etreeta, Concert by the Anglo- cana, —_—_—— SOCIETY MEETINGS. WASHINGTON CHAPTER, No, 43, R, A. My—Reg- convocation this (Friday) evening at 7:30 o’cloe! cy for business and work. Vislling Companions cordially lavited. “By ordor of tho M. 15.11, P. CHAS. DB, WRIGHT, Seo, COVENANT LODGE, No, 620, An F. and A. M— Regular Communication this (Eridey) oreuing at 7:90 p'clock, at Corinthian Hall, 187 Esat Kinzie-st, for work on tho M, M, Degree. Visiting brethren cordlal- iy invited, By order of tho W. M, ‘WAM, KERR, Seo. ORIENTAL LODGE, NO, 23, A., F, & A. M.—Statot Communication this (Friday) evening, at 7:30 o'clock, for business and work uu tho F, 0. Degree. Visitors cordiajly invited to meet with us, By order of the Mantor. HN. TUCKER, Heerctary, Che Ghicage Trine. Friday Morning, March 3, 1870. The prognostications indicate warmer and sloudy weather for this region to-day, ee Greonbacks nt tho Now York Gold Ex- change yesterday closed at 87}. Don Cantos is on his way to London, whoro he can obtain necurity against any disturbance by tho victorious Royalists, and have plenty of Ieisuro to hatch up another revolution, ‘Tho Louisiana Democrats yesterday yielded to tho inovitablo and abandoned the impeach. ment programme, They have stuck to it ust long enough to show how much mischief they would perpetrato if thoy had the power, re The New York Legislaturo, reflecting tho viowa of tho people of tho greatest Stato of the Union on the currency question, has adopted. x resolution requesting the Representatives of that State in Congress to oppose tho ropeal of the Resumption act. Tho Senate yestorday toncurred in to action of the House in this rogard. Tho hard-monoy majority of the Demo- cratic Congressional Caucus Committea havo determined to give up the attompt to har- monizo the antagonistic wings of the Com- mittee, and, leaving tho inflation minority out of the question, will submit a report to the caucus on Saturday evening. Tho report. will recommend a modified form of tho Parvez bill, contemplating o long-drawa wheme of resumption. a Ex-Sonator Srzwant, of Novada, chnrac- terizes Lyon's testimony bofore tho Houso Committeo on Foroign Affairs, in relation to the Emmn Mino scandal, ns a tissuo of falso- hoods. Ho asserts that Lrow, after having sccepted o large sum of money as a compro- mise, “sold short” on tho stock, and resorted to his damaging storics in order to doprecint} the valuo of tho shares and enablo him to “‘ cover his shorts.” Mr, Srewanr expecta to Jeave San Francisco for Washington noxt Tuesday to appear bofore the Committeo, ee ‘The Presidents of the various Republican clubs of the wards comprising the Town of Sonth Chicago havo united in calling a Con- vention to bo held April 4 for the nomination of Assessor, Collector, Supervisor, and Town Clerk. Having in mind their bittor and cost- ly oxporionces undor the rule of tho tax-grab- bers for several yonrs past, the Republicans of South Chicago may bo oxpected to intor- est themselves strongly in tho lection of town officers, and to sce to it that none but honest and capable mon aro placed in nomi. vation, Important changes in the manngemont of the Chicago, Burlington & Quincy Railroad were tho result of the notion of the new Board of Directors at Boston yosterday, Mr, Ron- war Hannis, for many yoars the Gonoral Su. perintendent of tho road, and widely known 43 ono of the ablest and most intelligent rail- road men in America, succeeda to tho Presi. dency voluntarily vacated by Mr. Janes M, Waxazn, whose valuable servicos will still bo totained in the capacity of General Solicitor, Various other changes hava been made,—all of them, wo believa, in tho interost of the wad and of the public. ‘Two nots of gross favoritism were commit. ted yesterday by tho Common Council in Committes of the Whole on tho annual osti- mates, Tho first consisted in tho addition of $10,000 to the Comptroller's estimate for the ‘7 office of the City Collector, and the second . in the allowance of 811,000 for tho main- tenance of the useless Tax Commission. sr and his small army of appointecs, No justification can be shown for either of these items, and when the appropriation or. dinance comes to be. acted upon in open Council the tax-payers will not, neglect to take notice of the yeas and naya upon the nal adoption of this'‘part of the ordinance, : —_—_— ‘The Chicago produce markets were gener. ally stronger yesterday, in sympathy with an : advance in the gold premium, Mess pork waa active aud 20@250 per brl higher, closing at $21.00@21.02} cash and $22,16@22.175 . for April, Lard was in good demand and + 100 per 100 Iba higher, closing at $18.05@ 18,10 cash and $18.27} seller April, Moats wore more active and go higher, closing at 8}o for boxed shoulders, 120 for do short ; vibe, and 1240 for do short clears, High. wines were quiet and unchanged, at $1.00 ; Per gollon, Flour was in bettcr demand and steady, -Whoest ‘was active: sud fo higher, loaing at 98Jotor March and 8030 for April. Corn wasquics aud jo lower, closing at42gofor March and 4240 for April, Oats wore qpled-and 4@jo higher, closing at Boreas, end 89j0 foe) April, ye was active and 4$@5e higher, closing at iGc for March and 570 for April, Hoge wore activo and strong, with sales at $7,25@9.40 for in- forior to fancy grades, Cattle wero in good demand and ruled firmer, Sheep wero sala- bdlo at 34.50@6.00 for common to choice, Ono hundred dollars in gold would buy $114.50 in greonbacks at tho closo, iS] —_—_— Yesterday's announcement by ‘Tnx ‘Tamonn of the enforced retiroment of the Secretary of War under the stigma of malfeasance in office is fully confirmed by our Washington advices. Tho Committes beforo whom the disclosures wero made presented its roport yesterday, and tho House voted unanimonsly to proparo articles of impenchment ngainst Gen, Bexvar, The fret of the Scerotary’s resignation and its ncceptanee by the President raises the question whother tho Sonnto can impeach an officor no longer in the service of the Governmont, and if tho Sonate shoutd decide that this stop is not au- thorized by tho Constitution, the punish- ment of tho disgraced Sccrotary will havo to be accomplished by criminal proceedings in the courts. Mr, Roprson, Secrotary of the Navy, was yostorday appointed Acting Secre- tary of War, Henny 0, Bowen's statemont bofore the Plymouth Examining Conimittes was yester- day published, and the most important por- tions aro given in our Now York dispatches, Allusion is mado to tho confessions made hy Mrs. Tiron to Susan DB. Antuony, Mra, Exizanerm Capy Sran- rox, and Mr. and Mrs, Ricranps, all of which camo personally to the knowledge of Mr, Bowen, who regarded the recital of Mr, Ricnanps of his sister's confession as nbso- lutely conclusive by establishing Mr. Beecuen’s guilt, Mr. Bowen also re. pents the statement to him of oa Indy who confessed having criminal intercourso with Mr. Brrenen for o year or moro, commoncing upwards of ton yeard? ago, These aro tho facts which Mr, Bowen proposes to placo before threo members of tho Examining Committeo sworn not to di- vulge any names, but which Plymouth Church declines to receive excopt openly and publicly boforo the world. A correct copy of Attorney-General Prennz- ront's letter of instruction, or suggestion, or caution, to the District-Attornoys at St. Louis, Chicago, and Milwaukea is, given in our Washington dispatches, and it is ro- marked that tho striking discrepancies bo- tweon the original draft and tho letter pub- lished in tho newspapers provo that Mr. Sronns, Gen. Bazcocr’s senior counsel, who gavo the letter for publication, did not have access to the original draft in the Attornoy- General's office, It so happens, howover, that those discrepancies prove nothing of the sort. A comparison of the trne copy given in our columns this morning with the copy published in the Cincinnati Commercial of Fob. 5as a dispatch from St. Lonis un- doubtedly shows discrepancies, which would suggest that tho substanco of the letter had been given from memory ; but 9 comparison of tho gonuina copy with tho lettor published in the Chicago Z'imes of Feb. 1 ahows tho Intter to bo a literal and exact transcript, ex- cepting tho natural and trivial errors incident to transmission by telegraph, and shows be- yond question that the person who gavo the lotter to tho Washington correspondent -of the Ziimes had seen and copied Mr. Prenny- ront’s letter, If Mr, Sronns was the person who supplied the letter to the Zimes man, then Mr. Sronrs obtained it direct from tho Attorney-Goneral’s office, ‘Tho discropan- cies above referred to aro easily accounted for, They nroso from tho fact that tho letter inthe Zimes of Fob. 1 was translated into German and retranslated into English before itappeared in tho Cincinnati Commercial,— henco the discropancies, In the light of tho deninl by Attorney-Goneral Prenneront and Mr, Sronns that Gen. Bancock or his conn- sol wero accorded extraordinary favors by tho Department of Justice, it becomes peculiarly interesting and important to know how Mr, Sronna obtained possession of the famous Juttor. ‘The revolations at Washington implicating Gen, W. W. Brxnar, Secretary of War, and his wifo in a syatem of bribes and blackmail, will not fail to produce the most painful feel- ing throughout the wholo nation, Gen. Butxxar was regarded by the country as ono of tho purest men evor employed in the pub- lic service, Asa soldior ho won 5 most emi- nent distinction, not only for his skill and success as an officer, but for his remarkable personal bravery and for his high porsonal integrity. Ho was a lawyer by profession, but was nover a professional politican, To was solected for the War Departmont bo- cause of eminont fitness for the spocial duties of that office, Of all the mon in office, suspicion of corruption would in tho lenst attach to him, ‘Chere ia. a moral and o Josson in this ter- riblo fall which may bo and should be takon home to the hearthetoue of every family. ‘Tho cnnso of this wreck ia domestic oxtraya- ganco; fashionable reckleasnossof orpenditure and rivalry in social disploy, The suddon acquisition of woalth so common of late years has had a most demoralizing effect upon American socicty, Labor andindustry, and we may add honesty, havo lost caste, and the possession of wealth, no matter how ob- tained, has become tho badgo of social rank aud the passport to every circl, Ithas ina measure superseded in social estimation per- sonal integrity, personal intelligence, and personal accomplishment. When men hay- ing no other commondation than wealth no. toriously acquired by the plundor of the pub. lic, the appropriation of public money, or by frauda on the revenue, are admitted to the highost official and social circles, who can bo surprised ot the criminal consoquences ex- tending through all offictal and business walks of lifo ? The clevation of wealth to the highest socio! rank has, of course, introduced a wild extravagance in domeatic expenditure, It has mado display for diaplay’a sake part of our daily life, We all spend all our honest in- come, and yearn, all unsatisfied, for moro, ‘There is 9 natural, but none the less demor- alizing, ambition to equal othors in disploy, especially in tho waste of dressing, entortain- ments, and general domestic expenditure, For years the oxtravagance of fashionable life has been becoming more and moro reck- Jess, from the owner of millions down to the man who Ives on his dally wages, Each hag boen attempting to equal the next above him in point of display and expenditure. Thie corrupting influence has pervaded fashionable and social life as well in the rural hamlots as in large citles, But nowhere has this fatal practice beon moro baleful in its efecta than in Washing. tow, . the elvalry of diamonds, of velvets, dull and lower, at Go@sn}o. Barloy was | Inces, eating, and silka, has boon destructive alike to morals and to integrity, Tho rivalry in tho way of houses and furnituro, of horses and carriagos, of plate, of entertainments of tho most simptuons character, has been in- tonso, and tha majority of those engnged in this costly strife havo had no honest income to sustain it. Debt, crime, or corruption was inevitable, Tho wonder is’ not that such a wreck of charactor and honor and of life-long integri- ty should take place, but that there havo not beon others, aud many of them. Looked at calmly, what other result can be expocted from this goneral, almost universal, practich of living boyond honost means, an abav- donment of honest Inbor for equivocal pursuits, and the Inborious effort to get rich without work? Tho offects aro overy day mndo avidont in the long list of defaulting and embozzling crimes com- mitted by persons having business chargo of other people's money. It is mado ovident in the long daily list of bnnkruptcies and of official thiovery. Itis mado evident in tho fact that Grand Juries have become practical. ly permanent bodivs in soveral States of the Union, investigating a single clasa of corrup- tion,—bribory and theft. It is mndo evident in tho fact that daily nowspapors are started and maintained to defend nnd protect tho men who rob the Government, accept bribes, ond who aro rich in tho money stolen from tho public, ‘This systom of social waste and ‘ers alone. extravagance can havo but one end,—bank. ruptey or crime, with all their consequences; and there can bo no reformation until society shall recognize wealth as disreputable that is not the product of honest toil and skill. ee TAX FOR SEWERS, Tho Common Council on Wednesday fal- tered in their good work of reducing oxpend- itares. ‘Thoy had acted bravely until thoy renched the item of sewers, and then thera was a collapso, and good intentions and eco- nomical resolves were scattered, wo fear never to bo recovered. The item first proposed was to oxpond $8,000 for a sower in Halsted strect, in the North Division, which was quickly followed by another $8,000 for o sower in tho same street 6 miles south of tho firat sowor, from Thirty-first to Thirty-fourth street, The two motions wero combined and wore adopted. Then thero was loud com- plaint that these two sawers had boen pushed through in violation of the rale of reduced expenses, while there were other Aldermen who had sowers on hand calling for $300,000 who had got nothing, But this indignation was not renl. Had the Aldermen been honest in their opposition, neither of theae motions could have carried. Tho appropriations could not have been made had not tho majority voted for thom. Whon the Common Council resumes the consideration of the ordinanco, theso appropriations for sewers should bo taken out, Certainly the Council ought to understand the folly of their proceedings, Look at what has beon dono for sewers since the fire. Tho actual sum oxpended for the construction of sewers from April, 1872, to January, 1876, is ns follows: . Amonnt Year. expended, April 1, 1972, to March 91, 1873,, so 191,643 April 1, 1873, to March si, 1874, 467,130, April 1, 1874, to March 31, 1876, 630,062 April 1, 1875, todan, 3, 1376, 313,03 Cash oxpenditure,..... ‘Unoxpended appropriations for sewers . ‘Total appropriations,,,.., $1,916,873 It will be seen that tho ly has ex- pended $1,591,873 for now sowers since April, 1872, thero is abalance on hand to the credit of the sewerage construction fund of $825,000, which is available for tho year 1876, Has not the city heen extremely lib- eral? Tos it not been so liberal that thero interpret tho chartor, nubject to an appeal to the courts by any aggrieved porson, ‘Thero is no proviaion in the charter making it the duty of the Common Council, when a vacancy in the office of Mayor is for inora than ono year, to order a special oleation to Ait But the chartor furthor provides that, whon a vacancy exists, and tho unoxpired torm ia for loss than a year, thon tho vacancy shall bo fillod by tha Council electing ono of their own number to act as Mayor until tho noxt regular olection, ‘This ia n proceed- ing which the Mayor cannot veto; and, while he may by his Neto defent and provont fn election of a ruccessor by the people, the now Council (the unoxpired torm of tho Mayor's office being than less than one year) may, by a merely majority vote, elect a Mayor, and let Myr, Convix go to the courta in on action against his successor. Perhaps Mr. Corvin, upon roflection, will accept the more graceful modo of retiring,—letting tho can be no complaint if thoro isa halt, and if further approprintions be omitted for at least one year, ecapecially as there is n sum of 3325,000 alrcady applicablo to that purposo ? Whon tho city enacted its fro ordinance and the construction of brick buildings was encouraged, it enlarged its appropriations for sewers, oxtending tho system wherever sani. tary considerations or tho building Jaws made sewers indispensnble. Within that short timo taxes to the amount of nearly two millions of dollars Lavo been lovied for sow- A liberal sum of the fond thus raised remains unoxpended, and the Council con hardly justify itaelf in laying a fresh tax upon tho city at this timo for sowors, Se —_—_—==_ THE MAYOR'S ELECTION, Mayor Convin gives notico to the 65,000 voters of the city that ho intends to hold over another year ns Mayor of Chicago, in doflanco of law and of public opinion. Ho announces that the Common Council will not dare to call o special clection fur Mayor! and, if tho Council shall do so, that he will veto the resolution, prohibit the election, and place tho public at deflanco, He is said to have given notice, furthor, that he will veto the ordinance redistricting the city, so os to defeat any apportionment of wards, and force the election of thirty-six Aldermen on agingla tickot, This, AdJnterin thinks, will doter Republicans from presaing an olec- tion of Mayor, Io will not scare any person by such a procooding. We havo no doubt that a vory largo majority of the voters of this city would be rojoicod if tho now Board of Aldormen was clected upon one ticket, The opportunities for orasing objectionable names would bo so ample, and would be so oficacious, counting all over the city, that we havo no doubt thero would be an elaction of thirty-six Aldermen,—better mon in the ng- gregate than have been olected to that Board for many years, If Mr, Cozvm por- alsts in his purpose to havo the new Council elected by general ticket, he will gratify o vory largs portion of the peoplé, If ho does so under the impression that it will elect thirty-six of his own chosen bummers, ho will find himself wofully mistaken, If he haa such an impression, why docs he not daro to placo himself at the head of such ao tickat and ask for re-election? We have no hesita- tion in saying that such is the universal hos- tillty to the Convin style of Government that the people of Chicago will turn out at the uext cloction as they havo nevor done bofore, and will rout tho rotten and corrupt bummer dynasty with unmistakable unanimity, ‘The Mayor, in anewer to all appeals for an election in April, resorts to the silly state ment that tho Supremo Court has decided that he was entitled to holdover, ‘The Court has dealdod nothing of the kind, Judge Scorr oxprossly declaring that the Court was unable to reach any decision on the case one way or the other, This left the matter preciacly where it was before, In tho absenco of any judicial determination, the Council is free to interpret the law for itself, and, us three Judges of the Supreme Court buck the opin. fon that o vacancy oxists in the office of Mayor, and this opinion being backed by that of nine-tentha of the tax-payers of the city, the Common Council may safely, wisely, and necessarily submit the question to tho paople, loaving Mr, Convmr to assert any right he may have in the courts, The Common Councll certainly have the right to peoplo, and not tho Council, elect his suc- cessor, EXPANSION GAUSED THE PANIC, When the front falls out of Mulberry Seller? make-boliove stove, ravealing tho soll- tary tallow dip that gayo forth tho delusive glow, ond that ingenfous gentloman oxplains how ho has discovored that all that is needed innstove is “the oppenrance of heat,” the sudienco of ‘The Gilded Age” Inugh up- roariously; and whon the Hon, W. D. Kennry appears in his favorito role of Economist in his well-worn play of “Tho Papor Ago,” tho temptation to a derisive smilo is irresistibto, His sentences glow with syllogisms, and are piled high with statistics, Tho listoner is pressed to warm himself in the grateful radi. ation, and to exporience tho comfortable heat of the terrific combustion in progress of politico-cconomic facts, figures, and logic. But, alas! there is nothing in it aftor all but ‘tho appearanco of heat.” Mr, Kenury has been speaking his piece on paper money again,—ho has but one speech on this quos- tion,—aud we hnvo already criticised the performance. Itis not too Inte to pay Mr, Kener our final respects, and take his candle out of the furnace and put it on tho table whero it may givo light. Mr. Krnzey says: T invita the attention of gentlemen toa table which {s moet significant on this point. It!ae table of the Joana and discounts, the capital and surplus, the indi- vidual depoaits, and the legal-tonder reservoa of the Natfonal Danks on the Ist of Octobor in cach year from October, 1865, to Bept. 12,1873. In 1865 tho toans and discounts were $487,000,000, and tho legal-tender Tesorvo was $189,000, In 1873 tho $487,000,000 of Joane and discounta had awollen to $914,000,000 and the reacrvo had shrunk from $189,000,000 to $13,000,000, ‘Thus {1a hhown as you contractthe mouey you on- slave Isbor and enterprise (7), consolidate capital, and raise tho rates of intorest, building, as I aatd, an ine vorted pyramid, which, soonor or Inter, must topple, involving allin destruction, But let the figures toll thelr own atory: Loans and discounts, jogal ton. jor rosorto 1 $491,970, 995 $19,031,264 $189, 088, 4 WER No tent al ae, 5d, (00d Ba a 67 494,620, 372) 603, Ua, 659] 166 Ts BGt, 45) B83, un, 48) 1: 108) fa & ‘ i} 1. fs] exes seal Tat ‘These figures oxhibit cnormous exponsion of loans, and at tho camo timo decreasing amount of idlelegal-tenders holdin reserve. In 1866 thé legal-tender reserves wero out of all proportion too Inrge, for at that time the bank-noto circulation was actually loss than the amount of greenbacks in thoir vaults. It is porfectly proposterous for Kenuzy to say that tho figures exhibit a contraction of monoy ; on tho contrary, thore was too much. loaned and too much expansion all round. ‘Tho figures prove that the panic was not tho result of a contraction of money, but of on oxpausion of bank credit. Nor is there the shadow of o foundation for his ossuinption that tho oxpansion of bank credits waa due to a contraction of the volumo of currency, As we showed ina previous article, there was in 1866 a circulat- ing currency, including bank-notes, of $565,- 000,000, with o purchasing power of 9384,- 200,000 in gold, and in 1873 of $721,000,000, with o purchasing power of $620,000,000 in gold. ‘Tho facts are that we havo had expan- sion,—expansion of the curroncy,—expansion of cradits,—expansion of businoss,—and, last and worst, expansion of Mr. Kexzzy's finan- efal theories, The bank loans and discounts woro $487,000,000. in 1865,—these were bank credits redcomable in moncy, snd with greon- backs at 63 had a purchasing powor in gold of about $331,160,000. They roso by successive gradations till in 1878 thoy wero $94,000,000, with o purchasing power in gold of about 86 cents, and in the, aggregate $812,000,000, ‘The capital and surplus incroasod much Jess tapidly than tho loans,—a proof of tho ten- doncy of business to overdo itsolf, ‘Tho in- dividual deposits increased from $549,000,000 in 1866 to 623,000,000 in 1873, or, express. ing thom in terms of pnrchasing power, from 9378,820,000 to $535,780,000,—an increase relatively considerably less than that in the loans and discounts. All theso facts point to the true causo of the panic, which was, in a word, over-londing and ovor-speculation. Tho banks, as they always do, yiolded to tho in- fluences of tho period, and extended their business na every one eldo was doing, Mail- roads wero being oxtended in every direction, and commercial and financial spoculations wero rife. Dobta wero piled up far boyond any possibility of paying them. Tho com- munity was awaked to this stato of affairs by the failuro of Jay Cooxz & Ce, in Soptembor, 1873, Tho panio, and the thousands of com. mercial failures that have followed in ench succeeding year, are tho results. How Preposterous the assertion is that the contraction of tho currency was the cause of this gpecniation and its cole Inpse! Jon would havo broken down if his patience had been put to tho test of answering such folly. In the first place, thera waa no contraction of the curroncy ; in the socond placo, if there had beon, it would havo checked ovor-trading and over-apecula-. tion, and the elements of panto would not havo existed. Mr, Kerzxy’s disregard of the facta of tho currency question would bo sub- limo If it did not go a stop boyond, and into the ridiculous, Like the colored gentloman who applied for admission into ono of tho folds of Zion, and ploaded, when charged with having a fow houra before plundered a noigh- bor's hen-roost, that ho didn’t “ propose to let one poor hen stand betwoen him and his Lord;" Kerzzr never lots any little facta stand between him and his argument, He treats facts with the liberality of Lis master, Wenny C, Carey, in ono of whose volumes Joun Stvant Mixx is gaid to have discovered 500 misstatements of fact, We have exposed Mr, Kuntzy’s misstatements with regard to the contraction of the currency, and must opply to him the familiar principle,—False in One, false in all Tan Ciicago Tarsunx, which now bitterly opposes Gorerument ala to Falifonde, 4 Bot a repeated quattion, whether it o; en ih whiclt the Govarament sided the Du pa, pnd Nosthera Pecito RallwaysmeMempawe A Not having observed the question before, we sball answer itnow, 2irat, the Govern. Henco no gold for redemption purposon oan | hammared tate tocthpicns by the new! , bo obtained from that aource, and ie attempt gua Tnraigeabe mien ae frre fo rodeom will bo a disgraceful falluro, It fs | ners toanawat itshelm, ave har 6 feet of iron truo tho act provides that the Socrotary may th ee of saudlont “tatfandosen tame cgetlon, uuo any surplus revonues for the purpose. rie Ricenres a ie vomarent e208 solaes Hine of bat, Bat tho fact is there is no ae pied preted out rete. itiato be hoped thatea rant ero ara not near! enon, 10> Sffect upon o vido’ for tho ‘sinkiog fond, and “the | Seems, 20 cuar at ate nacton pa no ral Rosumption act doca not permit the Searc. tary to omploy ony of tho sinking-fund money for redemption purposes, which is a stupid blunder. ble experience, and therm te a to Let us supposo, however, that 4} por cont ment has not aided the Northorn Pacific with a dollar of monoy or bonds. Congrose voted a Inrgo Iand-graut to the Company con- atructing it, Congress ntso about the snmo timo voted an oqually largo Innd-grant por mile- to nid tho construction of tho Southern Pacifio Road. ‘The granted land on both routes boyond the 100th meridian nro suppored to bo of equal valuc, bo tho same much or itle. Tho only rond tho Governmont hag evor aided with bonds istho Union-Coutral Pacitic, and wo trust it will bo an excoption, ‘Tun Tnmune was in favor of tho bill which passed Congress in 1862 granting bond ntd to build ono central railway across the 2,000 tniles of trackloss, trocless plains nnd moun. tains, ond taking a first mortgago on the road for security, It soemed to us to bo an im- Pperativo national necossity. Private capital shrank back, refusing to undortake the enor. mous taak unless aided by the Governmont. Tho States and ‘erritories of tho Pacific Slope insisted upon tho construction of tho road. Their continuance in the Union was thought somewhat to depend upon a railway communication with tho “Mothor Country.” They woro prac. tically as inaccessible to the States of tho East os Australia is to Great Brit ain, The Indianswere roaming overtho plains, capturing the mail-coaches, and murdering and robbing tho passongers, aud massnercing the emigrants who wero toilsomely crawling over tho 2,000 miles of desert and mountain, spending from enrly spring till autumn to reach California. The Mormons had planted themselves in tho midst of thoso vast steppes, on tho borders of Salt Lake, crected an inde- pendent Government, set tho American flag at deflance, and perpetrated such outrages on emigrants as thoy plensod, including the Mountain Moadows massacre, which sent o thrill of horror over tho land, In common with all men not in open rebellion at that timo, —1862,—1e deomed the construction of ana- tional highway across tho great plains, coals, ‘The sooner these {ron-clads aro lala tip in gry Se SRR cat ieee oo The Khedive of Egypt appears to bo the cham. pion tax-eator of the world. Ho has bought and Ofteen-year bonds would soll freely for their faco in gold, and that the Scerotary shall ex. change 3870,000,000 of them for gold, and with that mony in 1879 redecin all tho greonbacks and cancel thom, Tho practical result will ba tho samo as funding thom into 4} per cont bonds. But itis bolloved thoy can be funded intoa 3.66 thirty-year gold bond, nud thereby save nearly $4,000,000 of annual interest. Why should » 4} funding bond bo issued if the work can be done with 3.05 por cent bond? And what is the uso of selling bonds for gold and redeeming tho gxeenbacks in coin if tho holders aro willing to exchango them for bonds withont tho in- tervyention of yold? Wo havo asked this question bofore, but the Congrossional aavo- eates of the circumlocution method have not seen propor to anawor it. THE OMAHA BRIDGE CASE, Tho Supreme Court of the United Stator lias decided thnt tha bridgo over the Missouri Rivor at Omaha is o part of tho Union Paciflo Railway, and that it must not bo operated as a toll-gate by that road. Of courso the cars of tho Union Pacific must bo rnn to Counoil Bluffs, and tho transfor of freight and passon- gers taust bo made there. At the commenco- ment of the controversy between Council Bluffs and Omaha, Tae Vamonn examined the wholo subject carefully, oven sonding to Washington for some of the laws undcr which tho bridgo and tho railway woro built. Wo became thoroughly conyinced that tho from tho Missouri River to the Pa- Suprome Court could not possibly reach any illo Const, to bo ao national no- other conclusion than tho one it has just on- ceasity, and ndvocated tho’ proposition nounced. ‘Tho franchises of the Union Paciflo roquiro the Company to connect with othor roads on the Iowa shore, ‘This decision, based on a juat construction of tho acts of Congress, accords exactly with tho neoessities and tho convenience of tho bnainess and tho traveling public. Five Eastern roads, viz,: tho Chicago, Burlington & Quincy, Chiengo & Northwestern, St. Louis, Kansas City & Council Bluffs, Ohicago & Rock Island, and tho Sionx City & Pacific, all bavo their western termini at Council Bluffa, and; sinco the completion of tho bridgo, passengers, and ye presume freight 88 well, have been transferred from all these roads too separate train to cross the river, when a socond transfer had to be made. For this transfer of. 5 milo or two passengers wera charged half a dollar, and tho cost and injury to freight in handling ‘wero very heavy items. These outrageous and iogal charges the managers of tho Union Pacific claimed the right to, exact from tho publio forovor; but, thanks to the Supreme Court, and to the onactors of the laws under which tho Pacific Railway was built, this wholo systom of robbery must be stopped. The history and tho result of the rivalry between Omaha anf Conncil Bluffs show how much bettor it would bo for a commu- nity to canvass carefully tho situation and to accopt it. A caroful oxamination of tho lawa could scarcoly havo failed to convince even tho peoplo of Omaha that they conld not hold tho terminus of tho Union Pa ciflo Railway. They have indulged in ® great deal of bad blood and incur- red vast oxpenso in the effort to achisvo an impossibility; and what they thomselves, if cnroful to examine all the Inws and to consider all the facts, should have known to bo such. For telling them tho trath, Tre Taronz was soundly denounced and ostra- cised at Omaha, and even throughout tho Stato of Nebraska; it was regarded os an enemy to its bast interests and progress, Whilo it is probable that Omaha may ot first be injured by tho running of the trains to tho Iowa side of tho river, tho State of Nebraska, in our judgmont, will bo largely tho gainer by the change, Tho charges on hor produco eastward and her merchandiso westward, if tho bridge is oporated os a part of the Union Pacific Railway, will be much less, and inuro moro to tho benofit of tho People. than any remote ndvyantago thoy would have received from the larger growth of Omaha, Now that all theso vored questions are nettlod, we truat the pcople of Omaha and Nebraska will do us the justice to believe that Tom Tnrounz never had o particle of ill-foeling towards them, even when thoir journals denounced most bitterly the ‘course which tho Inw and n due rogard to the best interests of the whole country roquired us to take, Wo nover had a particle of in- terest personally in the discussion, either tho ono way or the other. We think the people of Omaha must now bo convinced that it would in all respects have been far better for them had they heeded the advice and adopted the conctusiona of ‘Tru Tarmuwn. —_ to rendor such nssistanco as was essential. ‘The subsequent change in the law made in Moy, 1861, whoreby the first-mortgage lion wos changed to a second mortgage, Tas Trin. une disapproved of, and has always con- domned, ‘We trust the Avalanche is now on. awered, and will rest satisfied. There is no national necessity for any mora Government subsidies to railroad schomes, All tho now roads needed will bo built in due timo without the aid of national bonds. The Southern California Railroad Company is urging Con- gress to lot it build the Southern Pacific Rail- way for the land-grant offered to Toss Scorr. Thoy propose to do it without any bonds, Why not let thom build tho road ? 4A TAX-RIDDEN CITY, The City of New York is at Inst waking up to a realizing sonso of tho rapacity of its tax- eaters, and tho overwhelming burden that has been laid upon its working capital,and productive industries, Tho tablo which was printed in Tx Tamone of yesterday, giving tho taxation and indebtedness of various cities in this country, shows that the taxation of that city is 232,312,812, and the municipal indebtedness $110,879,103, which is nearly sovon times greater than the indebtedness in 1860, The peoplo of that city aro evidently growing appalled at the prospect beforo them, It is costing them moro to run thoir City Government than it cost toran the Gov- ernment of the United States in Hannison’s time, Tho city having beon pretty noarly ruined by tho tax-cators, ond busi. ness having been soriously crippled, they are now bestirring thomselves to soo whoro a saving can bo effected. Tho firat attempt has come in the form of a bill intro- duced in: the Legislature for tho cutting down of salaries, which has passed to a third reading. Among the largo-salnricd officials tho following reductions are ponding: Tho Mayor, ‘from $12,000 to $8,000; the Comp- trollor, from $10,000 to $8,000; the Com. missioner of Public Works, from $10,000 to 36,000; tho Corporation Connsol, from $15,- 000 to $8,000; the President of the Polico Board, from $8,000 to $6,000; the Polico Commissionors, from 137,000 to $5,000; tho President of tho Vira Deportmont, from $7,600 to $5,000; tho Presidont of Charitios and Corrections, from 37,500 to $4,000; tho President of tho Hoalth Departmont, from $7,600 to $4,500; tho Aldermen, from 34,000 to $2,000; and other officers in like ratio, In addition to this, tha Comptroller has mado suggestions to tho Logislature by which the annual oxpenses of the Polico Department can be reduced $514,840, By abolishing the Dook Department ho would save $192,500. Byhaving the Sanitary Inspac- tiona made another dopartmont, he would save $110,000, In the Dopartmont of Charities and Corrections ho thinks he can save $63,- 600, and in the Department of Buildings $32,500. Altogothor he has mado Buge gestions to tho Logislatare by which $913,~ 40 can bo saved ; but this isa very large sum tobe saved, ond consequently the tax- enters aro making a desperate fight against tho Comptroller's ruinous economy. The bill pending in tho Logislatura for tho ro- Guction of salaries is also mooting with de- termined opposition, ond the New York World, which is on organ of tax-entera, in- timates that it will bo dofeated. ‘These propositions, however, show that the people of Now York are waking up to the fact that the tax-eaters are dovouring thoir subatance liko loousts, and that there will be nothing loft very soon if something is not done to stop the thieves, Itisaquestion of life or death with them,—of roalstance to the thiovog or bankruptoy. eres The so-called Resumption bill was passed into a law Jan, 14, 1875, It was the product of great travail, Months of angry disous- sion. and unavailing caucusing preceded it, Finally it passed as 4 compromise measuro, satisfying nobody, and filling the public mind with doubts og to its meaning and Bcopo, And now at tho end of a year thero is goneral clamor for its unconditional ropeal or esson- tinl amendment. The weakness of the schemo ia that it provides abont os bad a method of returning to specie payments as could well bo devised. The fundamental idea ia that by Jon, 1, 1870, the Government will have in tho ‘Tressury enough gold to re. deem tho legal-tender notes as fast as they may be preuonted, Thoy may all be presented within the year 1879, and at least $250,000,000 certainly wil! be, aa that amount of paper has to be converted into gold each yeor with which to pay duties on imports, balance of trade, interest on American securi. ties held abroad, and expenses of Americana traveling in Europe. To obtain this immense sum of gold, the Seorctary of the Treasury was by the bill authorized to soll 4} por cont The now jour: tic venture of.the Reformed Episcopal Church, the Appeal, under Dr. Far- Lows’ competent and judicious management, Sppears to bo mooting with most enconraging success, and & euccess, by the way, which is well Geserved. The third number is before us, con~ taining ton pages of reading matter, embracing briof but pertinont editorial discusslons of af- faire connected with the Church, and woll digest- od sammaries of gonoral religions intolligence, Qnd about aix pages of adverticemonts, which, of course, aro the ataff of its worldly life, and, inthis instance, a staff atout enough to loan upon, Among tne leading articles are “Lent,” by Bishop Ouenzr; “Tho Philosophy of Eccle- siastical Reform"; Tho Crucifixion"; Bible Egypt," by 8, 8, Mxnnyweatuxn; "Why Make Anothor Division in Protostant Christendom?" by Bishop Ouannns; Layman or Cleric?" by the Nov, W. H. Coorzn; “The Pastoral of the Bishop of Winchester,” by the Rev. Josxru D, Wison; “Bomo Homu Talk About tho Re. formed Episcopal Church,” also by tho latter; and ‘Drifting About," « sermon bytho Rev. Dr, Fatrows. Woare gisd to be able to commend tho Appeal to our readers from a religious point of viow, and to suggest also to advertisers from the worldly point of view its advantages as a modinm for bringing themselves and their wares before the public, —— An English Admirat bas written'a letter to the London Times upon the subject of the Loglish navy, which goes to ehow that this country ia not alone iu naval inefiloloncy, Ho makea the wholesale statemont that British ships are not manned by British aubjects, bus by foreigners, and that they are ofticared by men who “know no more of the art of bandliog a ship than a lady's maid who has crossed half a dozen times between Dover and Calais.” As one instance he cites the case of tho ahip Captain, which was capsized because the Lieutenant did not know how to lower his topeails, With regard to the much-vaunted Britieh tron-clads be says: Afteen-year bonds at par for gold, - ‘There ir a We have etn constructing fronclads of 9, tons at no market for such bonds at par; they wou! coe tl ererictond not sell for mote than G4 of 83 per cout, pala,’ snag tp aerial Sale| a ea inherited Iand untit ho owns one-fifth of the whole country, which (hla Mfth) fs loaded with » dobt of $75,000,000, It is atated by the corr. spondent of the London Times that the Khe. divo’s estates onjoy s total exemption from tax. ation, and tho Governmont has Ruarantesd 816,000,000 of Lis bonds, from all of which it ap. Pears that the ofllco of Khedivo of Egypt is ry Porition not to bo anoezed at. His neat fe very comfortably faathored, PERSONAL, Mr. and Mrs, James Parton regintored at the Tremont House in Boston, Monday. Gen, Francia A. Walker 1s preparing manual of political economy for publication. Henry Ward Beocher owns a farm in Barron County, Wis, whioh he has just mortgaged, Edward Jenkins, author of ‘Ginz's Baby," ‘haa begun the publication of # Coolie novel, ‘Mr, Soth Green protests against the proposed total destruction of sos-lions in Ban Francleca Bay. : A marble buat of Gino Capproni ie to be placed among other busts of great Italians oe the Pincio in Rome, Tho London Hookseller condomna Ameticas mowspapora for fiippancy and an absence of scholarly dignity and polish ; {t does not con. domn thom for stupidity, Ex-Senator Nye's family are aaid to be ig destitute ciroumatances, Ho in atill in the Flat. bush Asylum, while bis son and daughtorare aceking employment in the Departments at Washington, Tho London Athencum says delineation of charactor was nover Lord Lytton’s atrong poinh He painted tho exterior and did not lay bare the inner man. His unfinished hiatorical romanoa, “Pausaniag,” ia pronounced the pocrest cf bis novels, . Mr. 0.8 Hunt, for many yoars a financiad writer on the Now York Tribune, has accepted a similar position on the New York Times, Ha has @ high reputation, both for the thorough ness of his information and the persplouity of hie etylo. Mr. John G. Wobb, of Chattanooga, Tenn, exhibited in this office yesturday a genuine copy of the Now York Afercury for Dec. 27, 1762 It has been in possession of Ar. Webb's ancestort for over sixty years. Ho proposes sending iste tho Contonniai Exhibition. When Mr. Tounyzon went ont walking with » Protty gitl and stopped toscratch his bach against mw gato-post, she softly whispered : "] would that my tongue could utter the thoughts that arise in mo;” but ho only said, "Oh, foe tho touch of a vanished band,” Tho Adantio Afonthiy wittily says: ‘It may not bo Air, Browning's intention that we abould earn our postry, like our bread, by the aweat of our brows, but there really sooms to be some such curso dononncod against bis readers, which the lapse of timo does not xofton.” ‘Tho Fronch restaurant at the Centennial will bo “Les Trois Freres Provencsuz,” and after the modol of tho famous one of that name in Paris. of. Goyard, tho propriotor, has arrived with 100 Fronch waiters, who are akirmishing about Philadelphia trying to find an English Ollondorf. Ar. Jobn Forster, it eeems, has bequeathed his library to the South Kensington Museum, whoro it can do Nts!e good, South Kensington is throo milos away from the Britis!: Museum, and, a9 ‘Mr.Forater's books aro to bo used only for rofer- enco, they aro practically unavailable for ordi- Bary or cagual purposes, According to tho Now York Herald, ‘the dear children at home” tore not praying for Babcock when Mr, Storra sald thoy wero.At that par- tionlar moment they were really on their knocs with thoir hands resting in cach othor’s hair, and ono of them was saying, “ Johnny, if you don't givo mo back that ten-spot I'l walk right up the bridge of your nose,” < cat Fredorick Soitn, charged with the ‘murder of Edward Yost, owed his escapo from hanging to s happy accident. A machinist, who wos unable to rend and write, aaid in private conversation after tho acquittal of Smith, that bo had repaired arevolyor for him, Smith sworo that he never owned arevolver. Tho machinist recognized s spring in tho platol found near the scene of the murder as the one he had repaired, It is arule of the Harmoniq = German club in New York, that only the Isnguago of tua Fathorland shall. be spoken in {ts walls. R:- contly ex-Senator Carl Schurz was invitod to lecture by the Bocloty, and upon belong informed that ho would have to speak in German, refos- ed point blank, doprocating afl such exclusive negg, Tho result bss been new light to the Club and an intention to abolith the rule, An eccentric will, executed by Jobn Elwyn, of Portsmouth, N. H., ia exciting some attention inthe East. Tho language is fall of absunil- tica, and abounds in terms of oxprossion ovi dontly suggested by « close reading of the Diblo. The teatator soems to be out of bia mind, but ono of the witnesses to the Instrument is Joba Wentworth, of Chicago, who certainiy must be credited with the poasession of umcommonly hard senso. ‘The Cincinnatl Anguirer and other greonback papers have curlously confounded Richard 0. McOormick, of Arizona, with Cyrus H. MecCor- mick, of Chicago. Richard 0. ian son-in-law of Sonator Tharman, and Cyrus 3, ia & meinbor of the Domocratia National Committes, Cyrus Il, tne gosalpa say, offered $100,000 for tho cam- paign fund on condition thas ho be made Chal man of the Committoo; and the greenback or gans, mistaking him for Thurman's son-to-la, think they see a strong ‘Thurman movomont io the wind. Koushtchou Ogiu, the groat Bulgarian bandit, ‘was a promising young man in # country village not many years ago, Ho became affianced to & beautifal girl During bls temporary absence trom home, a Turkish Pasha relzed his bride, for so @ betrothed one fa regarded in the East and compalled her to become an inmate of thé harem, She was released aftor a short time, @ hopoless maniac, Wer lover turned bandit, and adopted the infloxible rule of killiog all Tucka who foll into his bands, The unhappy girl wan- dors about the hills of Bulgaria, feared yot carod for by tho peasants, who regard maniacs Idiote as sscred beings. HOTEL ARRIVALS. Patmer Housel, B, Youke, Dubuque; @, W. Me honey, New York; 6. 6, Neilson, Hi, Le Ware ren, Philadelphia ; J. B. Clow, Pittaburg; 0. 0. Gincinnati; G. As Chamberlain and ¥, 'D, Daretow, Now York i J. Cramer, Milwause; 8. 0, Goo aul: . a Ely + . am hE or gg od Soro Me Hy ‘T, Uockworth, Stiumwa} Todlanapolia.... 9) fouse-The Hon. G. Colorado: the Hon. W. 8, ks, Jotieds borne, Quincy; Col. W, G. Darnes, Froe NW, Green, Amberst, Maas; 3, \ T. Boed, U, By Ant’ O. Sycamore; ¥, OC, Van Valkenberg, Melrlllg, agent for John Dilloa | tele, He A. Sond, and AB, by as Hae ak a al low filly Bye} Gee ppoat Oat We herman