Chicago Daily Tribune Newspaper, March 8, 1876, Page 4

4 TERMS OF THE TRIBUNE, RATEA OF ALTSCRIPTION (PAYADLE IN ADVANCE). & Postage Prepnid nt this Ofice. +. Dally Rdition, portpals, 1 year. 13.00 1.00 Partaof pear at same ddreas POUR WHERE for., ran Seaton’ Etorary and ftoligiowa bi obs. Parte of year wrretk RDITION, FORTTAID, “Dae Copy, per yoareseeseeedeen Ghabol keds pet conte Blab of twenty, per co ‘The postage 1s 16 contes soar, which we will prepay. Bpectmen copies sont freo. Topravent delay and rolstakes, be ere and give Post- ‘Office address fo fall, including State and County. Remittances may be made elther by draft, express, Post-Oftice ordor, or in registered lattors, at our risk, TERMS TO CITY SUDSCRIBERS. * Dally, delivered, Sunday excepted, 25 conta per week, Dally, doliverod, Sunday included, 20 cents por week. Address THR TRIRUNE COMPANY, Corner Madison and Dearborn-tts., Chicago Ill. _— AMUSEMEN MoVIORER'S THEATRE—Madi¢on atreot, betweon Dearborn and state. Engagement of John Dillon, % Married in Haste" and "Trotter Bouthdown," WOOD'S MUSEUM—Monros atreet, between Doar born pd State, Tha Browor of Preston,” by the Tichihgs Opera-Troups, Afternoon and evening. MIOOLEY'A THEATHE—Randolph strest, between Dlark and Lasalle, The California Minstrela, After Noon and eyeulug, ADELPHI THEATRE—Dearborn atreat, corner Monroo, Varlety performance. Afternoon and evening, SOCIETY MEETINGS, HESPERIA LODGE, No. 412, A. F. & A. M,—Tegnlar Tommuntication at Masons Tomplo, corner Itandolpt and Halstod-ata,, this (Wednesday) evening, March 8, Third Degree.’ Vielling brethren comllally invited. CHAR, 1H. BRENAN, W, M. CHAS. F. FORNSTER, Sec. The Chivagn Tribune, Wednosday Morning, March 8, 1870. Slightly warmer and cloudy weather is pre- flicted for this region to-day. Greenbacks ot tho Now York Gold Ex- change yesterday closed at 87}. If tho Common Council intend to do any- thing about the sale of the Lako-Front prop- erty they must hurry up, as the President of tho Dlinojs Central Railroad Company, in his lost annual roport, soya that if satisfactory Btrangementa for tho acquisition of this property cannot bo mado at on early day, ho recommends tho rebuilding of tho Ilinois Central passongor depot on the old site, > Tho Honso Committeo having in charge an Investigation of the Navy Dopartmont aro on- couraged to beliove that they aro on tho trail pf fresh corruption. They have traced an 21d steamboat claim, onco rojected, but sub. ¥equently reopencd and allowed, to a point whero it promisos gratifying results, but aro Jnct by tho rofusal of an important witness to Ruswer certain questions affecting the issue of bribery and fraud, Tho witness is to bo arraigned at the bar of tha Housa to-day to ‘woswer for his contumacy. ——eEe—~e=>=—>=~—EeEmees Another Democratic invention is started upon its rounds by a Philadelphia paper fa- , mous for the circulstion of sensational aud baseless stories, It is asserted, upon tho au- ‘ thority of an individual who wisely prefers to remain anonymous, that proof will bo forth- coming when wanted that reflects upon Preai- dent Guan in connection with the appoint. ment of a poat-trader bronght about by On. vine Grant. In tho faco of tho latter gon- tloman’s challongo of investigation, and hav- ing in view tho questionable source of tho slander, the publio will pny little attention to this latest Domocratio invention, Gen. B. F. Burren, who {s counsel for Fnang Movnron in tho Iatter's suit against itho Rev, Henny Wanp Breaurn for malicious sprosecation, has been quoted as saying, after ‘anexamination of tho ovidence before the ‘scandal became public, that Mr. Brecnen ‘wos unquestionably innocent. Gon, Buruzn now sees fit to correct this impression, and to :8tate that he novor expressedpuch an opinion, ‘and that, upon learning the facta which came ito his knowledgo at tho timo ho was con- sulted by all tho parties in interest, ho ‘nad no doubt of Mr, Bevcren’s guilt, and {that that judgment kas been confirmed by \gubsequent developments and proofs. Tho burning of tho Houso for Aged Peoplo in Brooklyn, N. ¥., yesterday, appears to be one of tho moat heartronding calamitios of which wo havo any recent record. Thirty of tho inmatca aro missing; and, though this numbor will undoubtedly be reduced by tha discovery of some who fled for refago to neighboring houscs and woro lost in the confusion, there can bo uo question that “many havo perished. 'Tho denth of theso old and feoblo peoplo, who Lad oyery prospoct of passing tho renaindor of thoir days in quict and comfort, is poculiarly saddening, Thera seems to be no blamo attaching to anybody. ‘Lhe calamity must bo included in tho cate- gory of ‘‘inysterious dispensations of VProyi- denco,” ‘The pacification programme in the treat. ment of the Eastern question by the Euro. pean Powers seems to bo troubled with weak spots, ‘Tho roforms promised and the guar. anteos held out by tho Sick Man at tho in- stance of his crowned advisors, and by tho latter pronounced aa sufilciontly conciliatory to put an end to the revolt of the insurgent provinces, have not had tho effoct contem- plated, ‘Cho reforms and guarantees inaisted . Upon by the provinces wero not acceded to, nud the insurrection continues with in- creased vigor and stubbornness, And now Sorvia, so long held © chock by the neutral policy of the trinco Mrman, jas burst tho fotters so unwillingly and im- patiently worn, and, acoording to a cable dis- ‘patch, a republic bas been proclaimed, the relgning dynasty of Onnenovrron deposed, and the Princo Mrnan conductod to the fron- tier, Tho revolt of Servia, ono of tho most powerfal of Turkey's provinces, is the ono thing necossary to givo tho insurrectionary movement formidable strength and scopo, end if BServin ia successful in hor declaration of independence, her halting sisters in slave. ry will not bo slow in joining tho grand strike for freedom from Turkish oppression, a Lhe Chicago produce markets wero irregu. Jar yesterday, Mess pork was active, and 15 @20o per barrel lower, closing at $22.16 cash end $22,25@22,80 sellor April, Lard was in moderate request, and 5@160 por 100 Iba lower, closing at $13.17} cash and $18.274@ %$18.80 seller April, Meats were quict and aaalor, ab 830 for boxed shoulders, 120 for do short ribs, and 1240 for do short clears, Highwines were less active and unchanged, ot $1.05 per gallon. Flour was quiet and steady. Wheat was moreactivoand 1o higher, closing at 980 for March and 98fo for April, Corn was in better demand and Jo higher, Closing at 49fo for March and 440 for April. Oats were quiet and eusier, closing at 82}o cash and 84j0 for May. Lye was firmer at 63}o, Barley was quict and easy, closing nt Sho for March or April, Hogs wero in good demand nnd advanced 10¢; common to choice sold at &7.85@8.75, Cattle wero fair- ly netive and nvernged a shade lower. Bheop were in largo supply and common gradea wero easior, On Saturday evening Inst thera was in estore in this olty 8,220,712 bu wheat, 1,976,743 bn corn, 690,879 bu oata, 147,163 ‘bu rye, and 429,762 bu barley. Ono hundred dollara in gold would buy $114.50 in groen- backs at the close, ? Thesren Cr: ‘a gross blunder—if it can bo so loniently characterizod—in permitting tho oscapo of the only witnesses needed in the prompt prosecution of Betanar has placed the Domocrats in the Houso under the necessity of rosorting to all sorts of ovasive expedionts to provent a reaction which shall soriously damngo the Democracy in the coming political campaign, The Repub. licans, from tho first realous and engor to inflict swift punishmont, aro now determined to hold their shuffling antagonists to astrict nccountability for their share in tho contomptible plot which is gradually unfolding, ‘Tho dispatches givo an account of the bitter atrifo which took place on the floor of the House yester- day, and also convey a hint of tho renson why the Domoerats were so anxious to hustlo Mansa and his wifo out of tho reach of intorrogntorics concorning matters which threaten to blast tho reputation of 4 prominont Domocratio candidate for tho Presidency. ‘The refusal of Cuxsen and his partisan Committeomon to givo ovidonco in the Criminal Court of the District necessary for Betxvar’s indictment was tho immediate occasion of yesterday's struggle in tho House, and, it is belloved, is only a protext for stifling investigation in a dangerous dirce- tion. But tho end is not yet. PAYING DUTIES IN GREENBACKS, There can bo little doubt that tho most ignorant man in the United States Sonate is Mr. Bocy, of Missouri. His panncen for hard times consists of two prescriptions: First, to water the currancy up to $8¥0,000,- 000, which would require about $190,000,000 more legal-tendors to bo issued, and that, of itself, would havo tho effect of reducing tha valuo of the currency about 20 to 25 por cont below what it is now, for in proportion as the quantity of irredeomable notes aro in- creased thoir purchasing power is diminished. Tho second proscription is to receive groen- backs in poymont of dutics. “By doing away with the large demand for gold to pay duties, amounting annually to between 3150,- 000,000 and $175,000,000, and creating o de- mand for precisely a like amount of logal- tonders, the difforonce botweon the two would soon disappear,” says Boay in his speech. Woe have oxpressed tho opinion that ho is tho biggest ignoramus in the Sonate, clfa ho would not stand up in his place and utter such absurd nonsense, At present tho im- porting merchants purchase with greenbacks from tho gold-brokers the nocessary amount of coin with which to psy the dutios, Ifthe Govornment accopted greenbacks for duties, it would havo to buy the gold from tho brok- ors with legal-tonders, instead-of tho mor- chants doing it, and how would that reduco the domand for gold or tend to appreciate the value of greenbacks? The employmont given to tho groonbacks would actually bo lesa than now, as we shall proceed to demon- strate. By Booy'’s plan the importing morchants would pay greenbacks to the Government for duties to the amount of say $150,000,000 in tha course of n year. ‘Tho Government, as fast as it reccived tho notes, would sell thom to the brokers for gold, obtaining say 85 per cont, or $122,500,000, being o loss of $22,- 600,000 of revenue, ‘Lhe present way is to require the importing merchants, instead of the Government, to soll greenbacka to the brokers for gold, and pay the snme into the Troasury for duties, With gold at 118, it takes $172,500,000 of grecnbacks to purobaso the requisite amount of coin, Thus the pres- ent plan gives a demand for thouse of 000 more greonbacks than would Box So far, then, from his schome nodding to the uso of greonbacks, it would diminish such uso to the extent of $22,500,000 per annum, ond at tho same time doprivo the Govern- mont of 15 per cent of the revenue it now derives from duties, thoreby leaving a defl- cicney of more than $22,000,000, ‘Tho Government requires about $190,000,- 000 a year of coin for the paymont of interest on debt and the sinking fund. Whatover gold it roceives from duties in oxcoss of this sum it solls for groenbacks, and pays them out for oxpenses, This gives an additionel employment to Jogal-tendor notes, of which they would bo doprived by Boox’s plan, But there ia yet another and very serious objection to tho scheme of this sorry suc- cessor of “Old Ballion,” os Benton was called. Our paper curroncy has o pur. chosing power prociscly equal to its gold value. ‘ho importing merchants ara con- tinunlly purchasing gold for duties at tho vory lowest prico in groenbacks that they can getit, Thoy study the gold market with the utmost assiduity and solicitude, They uso ovory devisablo menns to secure tho highest price for their greenbacks, They aro always “beara” on tho gold market, keeping down its price, andatriving to sell thoir paper Mouey as nearly at par with gold as possible, becauso it is their interout to realize the best prico for it that can bo obtained. Tho moro gold on the dollar of greonbncka thoy can got, the fewer groenbacks it takes to pay duties or to buy oxchango for foreign remit- tance, (Any pereon, except nn old blather. skite like Boay, can sco this.) Ionco, tho the valuo of our irredcemable currency 38 maintained by tho importing merchants at the highest point it can be pushed by them, Suppose now that tho Govornment accepted greenbacks for dutics, what interest would those importing morchants have in keeping up their valuo? None at all, On tho con. trary, thoir interest would bo to depreciate them to the lowest point. Tho less tho greenbacks were worth tho less value it would require to pay dutles, Tho tariff oxacts so mony dollars for duties, and if pnper dollars wero rocoived, thamore deprooiated they wero the botter for tho importers, If greonbacks wore knocked down to 50 cents, the importera would savo half tho tariff tax. If it bo ob- jected that they would loze on tho sale of their goods to the retail merchants, tho answer is thot thoy could do as they did dur- ing the War, charge enough for them in cur- renoy to cover any probable decline in tho value of tho notes until they could get tho stuff ont of their hands, ‘Those facts are as plain to othor people as tho noso on Boar's face, antl yet he canuot seo thom} ‘fhe Government would hove no way to protect itself, It would sell its yreenbacks taken for duties at tho highest bids in gold it could get, and it would be tothe mutual inter. est of the importers and brokers to purchase a1mE CHICAGO TRIBUNE: WeDNESDAY, MARCH 8, 1870.. those greenbacka at tho, greatest possible shavo, and thus their valuo wonld be brokon down to a figure wo dare scarcely contem- plato. This Boor scheme of paying duties in greenbacks is a favorite one with the faction which call themselves Indepondonta, It is one of the planks in all of their platforms ; but if adopted by Congress and enacted into a law it wonld inflict disaster on both tho Govornmont and poople, Before a yonr, gold would probably be quoted at 200 and ris. ing. Thero would ben pania in all values, men wonld bo'nfraid of their money, tho Governmont would not be able to pny the coin interest on its bonds unless tho tariff was increased about onco a month to keep pnco with the stendy and rapid declino in tho yaluo of tho irredeomable, notes, which it would then bo to tho interest of the gold gamblers aud importers to depreciate to the lowest degree of value, MR, CLYMER'S WITNESS, a In connection with the other developments of tho Brrxxar scandal, the oxilo Mans now turns up es a very intorosting object, 60 much so that tho country would like to know of Mr. Curmen why ho allowed this matorial witness, the only witness in the Fort Sill bribery, who undoubtedly has important in- formation about other matters algo, to escapo to Cannda without making any efforts to do- tain him. It has at lonst tho vory suspi- cious look that Mr. Cursen docs not care to press the charges against his old friond and classmate Betanar too far, As the Chairman of tho Investigating Committoo, Mr. Onyarn had a very disagrecablo duty to perfor, and he porformed it like a man so long as it bosmitched the Republicans; but when it cense@ to do that ond apponred likely to boesmirch in other quarters, and it was not politic for Mr. Benxxar to suffer any further, thon Manso was taken to the Sergoant-at-Arms, discharged as n wit- ness, presented with his witness-fees, hoaded towards Canada and told “ to got,” notwith- standing the protest of Mr. Bass, a Repub- lican member of the Committes, Not only this, Mr. Cuysren was informed by tho Secrot Borvico officers that Mansn was preparing for fiight to Cannda, and declined to tako any action, and all this hnpponed bofore the an- nouncement was modo that Mana sud Tost Lnson wero to be prosccnted. If, as is claimed in Domocratic quarters, they havo facts sufiiciont to mako Bexxnar’s case ten- fold worso than it ia now, then why was it necessary to run Mansa of ? It might be osked, Of what uso is any new testimony whon they had such a witnoss as Mansi ? Having discharged Mansi as a witness and run him off against the protestations of Re- publicang, the Domocratic Houso consistently followed it up by shirking a Republican proposition to investigate the cscapo, Mr, Paae, Republican, in vain sought to offer the following resolution + Be tt resotved, That eafd Committea be and is hereby instructed to report to the Houso, at its earllest con- venlonce, whether auy or all of the parties believed to be guilty of violation thereof aro uow in custody, or what atepa have been takon by asid Committee to se- cure tho detention or prevent the escape of any or all of raid parties, either as witness or for purposes of prosecution, or whether any official netico was given tothe proper law ollicera of the Government, and, if so, whether such “notice waa given in timo to provent the escape of such parties from the Jurisdiction of the United States, and whether any such parties Lave 60 oseaped, aud whether thero has been any uegligeuco on tho part of any ona having knowledge of tho facts. Under the circumstances, these were cer. tainly portinent questions for investigation. The Democrats, howover, came to the rescuo of Cuxuen, choked off Mr. Paoz, and ad- journed without allowing any troublesome questions to be asked by Ropublicans, if it it bo said that Alansn’s testimony is unneces- sary, ho having mado a confession, and that they havo other testimony suflictont to im- peach the Secretary of War, then why have they thwarted the investigation of his cs- capo? Lf Mansn’s presenco in Washington would hava injured tho Republican party, ho would have been detained until next winter df necessary, That ho was allowed to cscapo shows that the shoo was pinching the othor foot, and that the resolution to investigate his eseape was suppressed shows that tho in- vestigation would have been damaging on tho Democratic side. Tho action of Mr. Carmen and of the Democrats in tho Houso shows that, now they have atruck the blowand mado all the capital they can on the pending State elections, they do not care to have the ex- Secretary of War punished any further. ‘Tho doctrine “Lot no guilty man escape" is eyi- dontly not good Democratic doctrine, es. pecially when the guilty man happens to be on tho Democratic aide. SENATOR SHERMAN'S SPEECH, Senator Joun Suenman addressod the Sen- ate on Monday in a long speech upon specia resumption, Mr, Snunsan opposed the prop. osition to repoal tho provision of law fixing Janunry, 1879, 08 the dato for rosumption, contending that the means for resumption wore nmplo and the timo suflciont. The great error of tho speech was the common one, that it is a matter of national honor mid national faith that the greenbacks shall bo redeemed in coin, dollar for dollar, a4 pro- sented, and that no matter how willing tho holders may ba to have them otherwiso re. deomed, they must bo compelted to take coin, ‘This is the policy which has ovoked so mich popular hostility to any resumption of specie paymonts, Mr, Sueastan clings to this en- forced redemption of tho greenbacks in coin with religious fervor, his same idea is ot the bottom of all thoschemes for tho pur- chavo and hoarding of gold,—for gelling greonbacks at 88 cents for gold, that the samo gold, after being kept idle for somo years, shall be paid out to redeem the notes at por! Mr, Suzustan thinks that is wis policy, eoo- nomical policy, and a just policy, In this vory spooch Mr, Saensan cites tho fact thot when greenbacks were first issued tho contract was that the holders might ex. change them for national bonds, Ho is eloquent in denunciation of the bad faith in- volved in the repeal of that aud other con- tracts with tho publlo creditors, and on that ground warns Congresy against repealing tho dato fixed for resumption, Has it ever‘ oc. curred to him, or to those who agroo with him, that public honor and faith wonld bo proinoted and preserved by going back to tho original contract, and again offer holders of tho greenbacks tho option of exchanging them fornational bonds? ‘The preenbacks have per. formed all the purposes for which thoy were intended, ‘Choy were issued whon the Govern. mont could get money in no other way; when its expenditures in the fold wero over 9 mill. jon of dollars a day, and the Government could not borrow. But that condition of things does not exist at this time, ‘The Gov. ernment can now borrow all the monoy it needs, The revenue so exceeds the incomo that the Government uow pays out thirty millions of dollars a year buying bonds which are not due, Tho Government can now sell its bonds at parat 45 por cont interest, It can offer the holders of theyo greenbacks a thirty-yenr bond bearing 8} per cont interest, which thoy will gladly accept, to such an ox- tent as will, by the reduction of the amount. in cireulation, advance tho remainder of the greonbacks towards par. This would bo a return to the original contract, the change of which Mr, Snensan so onrnestly bowails, But this is not the end sought by tho achool of statosmon to which Mr, Smenatan belongs, Tifteon yonrs ago Mr. Surman and others engaged in a polloy of legislation by which tho prices of everything mannfac- tured—" stocks on hand ”—woro from time to time advanced from 10 to 20 por cent, During tho supremnoy of that policy there wero rome fourteen to sixteen acts of this kind, moro or leas goneral, and ench timo the country was robbed for tho profit of the few, This policy, howovor, reached a limit; the annual extortions could be carried no further, and then came desolation. This wholo idea that groonbacks must bo rodeomed in coin or not at all is but another job of the sano kind. ‘ho country must bo taxed to buy gold with greonbacks, and tho gold Inid away until there is enough to pay it out again in oxchango for tho groonbacks, ‘Tho Enstern States hava thoir monoy invosted all over tho country in codtracts payablo in paper, ‘That paper ranges from 85 to B8 conts on the dollar, Thoy want no gradual appreciation of tho paper value; they want gold piled up until the grecnbacks shall jump from 85 to 100 cents, and their crodits ond mortgages advanced 16 to 18 per cont. It is like the old tariff swindles. It is nn attompe to add 15 to 18 per cont to the valno of the $4,099,600,- 000 of porsonal and corporate indebtedness in tho country now. Mr. Saenstan rejects the policy of fixing a day whon greonbacks shall cease to bo a legal-tondor for new contracts; and offering o low interest bond in oxchango for tho no longor needed legat-tenders. This would oxtort nothing; it would not rob any- body; would add nothing to the valuo of tho presont dobts; would not bo class logislation ; and thorofore it is wholly objectionable to statesmon of tho Sxenstan school, who think tho office of legislation is to plundor the many for the benoflt of tho few. THE CRIMINAL AND PAUPER CLASSES. ‘To prevent crime and to doviso a remedy for panporism is problom which the best and the wisest of mankind have hitherto boon unable to solve. It has beou claimed thatthe education of tho masses would lesson tho tendency to crima; but, unloss tho moral nature be properly developed, exporience has shown that moro intellectual training may simply throw upon the community an oxpert in villainy. As to pauporism, public and cor- tain provision for the poor, simply becauso thoy are poor, is the worst system, both for the poor and for tho public, that can pos- sibly be adopted, It incronses directly and immensely tha ovils, Itis intouded to re- lieve and to correct, Statesmanship and philanthropy, both in England and in this country, havo for gonorations exhaust. ed all offorts to lesson poverty and crime, but, in spite of all that can bo dono, they seem to bo stendily on the increase, Nowhore clse havo all tho powors and tho ap- plinuees of our modorn civilization to restrain tho criminal and benefit tho pauper classes been more encryotically exerted than in tho Stateof Massachusetts; and yot the Hon, Sip. ner Anpnews, Secretary of tho Board of State Charities, in his Inst report, makes tho fol- lowing discouraging rtatoments : ‘Tho most rignificant fact appearing In the present report of your Secretary fs, that nearly all our institu- tions for the vicous, dependent, and criminal clanses, aro full, ‘Tho Stato Prison ond tho greater part of tha county prisona are crowded beyond thetr cell capacity; the State Reform School begs that the number of ite inmatea may not be increased til the eulargement of ia buildings is completed; there are from 200 ta 200 pationta in tho lunatla Loupitals who cannot bo provid- ed for by tho officers in charge; while the accommods- tlona of the State pauper eatabll suinents, even beforo the preaturo of tho cold woatber tegins, aro taxed avoutes much os they ought to boat avy timo, In- sanity und crime gain ground in epite of what is duno tocure the onennd check the other, aud the dintreas of poverty is sharpor aud more widely apread thn at any other period for a dozen yoars. ‘This is surely n sad condition for the good old State of Massachusetts, always proud of her churches, and gchools, aud colleges, to bo in; but wo doubt whether any other Stato enn mnke much, if any, better showing, What is to be done? Must thoso who havo at heart and who labor for the best interests of sociaty give up in despair? By no moans. Ifcrime cannot bo suppressed and poverty must always exist in socicty, well-directed efforts tend largely to lessen and to mitigate both the numbor and the extent of tho ovils that attend them, dust now there appears to be n perfect avalanche of bribory, stealing, and other crimes, commencing way up in the higher gradea of official and social life, and in its desolating coursoswoop- ing way down into the humbler departments of business; and tho hard times are plonded as a valid excuse for the large increnso of tho needy and pauper classes, But all this eannot goon forever. Womust got down to tho bed- rock of honesty and a reasonablo prosperity befora many more years havo passed away, The philanthropist must not deapair nor cease to labor for tho good of his follow-mon, though vico, and crime, and pauperism do now fearfully sbound, and he secs no imme- dinto change for tho better. .That chango, though oven Jong delayed, will surely come, and with it socloty and himself as well will reap an abundant reward for all his labors, THE EXPORT OF COTTON GOODS, Tho Boston Journal states that the suecess of the exportation of cotton goods manufac- tured at Fall River promises to become per- manent. About 15,000 pleces of print cloths, or one-eighth of tho prodygtion af Fall River, are now exported weekly, Tho first goods sent wero tho 26-inch, and the demand for theso goods is so steady that thoy are now selling thom at higher prices in England than they get for 28-inch goods at home, There is also on English demand for 32, 34, and 80 inch cloths,—a description of goods so little used in this country that it will require an alteration of tho machinery now in use in order to make that kind of cloth. In other States and cities of Now England, manufacturers ore busily proparing for tho production of cotton goods of every description for forcign markets, ‘Cho ex- ports so far under tho rovival of trade have been exclusively to England, whilo the moro extensive and nearer markets have not been approached. ~The fact is that for fifteon years wo havo been hugging the finud of Protection, and have let all tho trade of tho world pass away from us. Wo have given up tho production and gale of cotton goods ex. elusively to England, and have, in fact, bo~ come an increascd purchaser from her our- selves, haying bought last year eighty mill- fons gf yards of English cotton goods mado from American cotton, While our mannfac- turers have been lobbying at Washington to havea cont or two cents per square yard added from year to year to the priceof cotton goods, we have lost the trade of the world, and England has bocome the exporter of a dons moro annually, million of yards of cotton cloth per day, to China alone, Sundays included. While our mannfncturers have been spending thoir monoy in kooping a lobby at Washing. ton, and supporting atarveling nowspapor or- gana in tho intorost of Protection, Grent Britain has scized possession of all tho markets for cotton gooda even of our very doors, Sho supplics the Weat Indies, Wo import soventy-five or eighty millions of dollars’ worth of sugar and other goods from the West Indios ; we pay for them with gold bills of exchange on London, and thoso gold bills are employed in part to purchase cotton goods in England to be sent to tho ‘Wost Indios. Wo shut ourselves ont from tho salo of cotton goods not only in tho West Indios, but in Moxico, Brazil, Chill, Porn, and oll tho Central and South Asmorican States, and handed it over to Great Britain, Of the millions of gold wa pny to theso Statos for coffco, sugar, and other of .their products, a hundred millions goes direct to London to pay for British-made cotton goods. Inliko mannner wo have given away the cotton trade with Chino, Japan, and oven that of Germany, Hollond, and Franco, amounting ot this time to a hundred mill- But tho actunl loss of this trado is not tho only losa: wo have loct tho means of rocovering it. To gota mar- kot for American cotton goods wo must sell them to British mczchan!s, and they must rench avon Cuba and Mexico, if at all, thrvayh London, Though within seventy. two hours’ travel from Now York and tho West Indies, the only way we can supply those islands with American cotton goods ia to scll thom in London and have tho British mor. chants resoll thom. Tho world has come to buy cotton goods in England, and tho United States are os much out of tho market as are Swedon and Norway. Woe, moreover, have lost our morcantilo navy ; wo havo taxed it out of oxistonce, and have givon over the carrying of our own brond- stuffs to tho vessels of other countrics, Wo have parted with tho means of distribution, If wo do mako a sale of somothing to a for- cign peoplo, wo have to wait until tho vessel of some foreign country takes the job of car. ryivg the goods to their purchasors. In our infatuation with tha delusivo fraud Protec. tion, we have thrown away tho vast commerco which wo might possess; havo limited and restrained manufactures to the homo market ; have cursed ourselves with an increased cost of living ; have been compelled ta, discharge labor and compol it to choose betwoon starva- tion and work ; and now find ourselves with- out tho means of recovering the trade wo havo givon to anothor, During 1876, Engiand oxported 3,659,916,- 900 yards of cotton cloths, valucd at $267,- 947,835. Sho also exported thread, stock- ings, ote., in largo amounts, increasing the total value of her oxports of cotton manufac- tures in 1875 to $22,826,245. Of this enormous sale she sont the quantitics and values named to the following markets, all of which should ba supplied by the United States : United Blates. Wost Indic Colombia and Now Grenada, Mexico Valhn. . 196,000 190,822,000 11,652,200 1 43,913,700 20,465,090 606,132,020 3,000 $54,800,515 23,820,875 3,040,285 149,500 $44,451,075 exports of cotton cloths,—pieco goods alone,—and the valuosdo not include cotton manufactured in othor forms, In oll these markets, purchasing noarly $100,000,000 in gold, the United States manufacturos onght to bo sold at such rates ag to’excludo all compotition, practical monopoly of the raw materiel ; wo furnish England with tho cotton, which sho turns into cloth and sells to us, According to the Amorican theory, England ought, in order to encourago her manufac- tures, to so tax raw cotton and wool that tho cost of producing cotton and woolen cloths would be such that she could not sell them anywhore outside of Groat Britain; that tho English Government ought to encournga her manufacturos by so taxing the raw materials of cotton and wool that, instead of selling 400,000,000 worth of manufactured goods, they should patriotically confine thomselves to supplymg tho podple of England only. This is the principle upon which manufac. tures ore “protected” in this country, and this oxpining why England sells to us 80,- 000,000 yards of cotton picco goods annually, while wo export to all the world 10,000,000 yards all told. What is truo of cotton goods ig true of nearly all othor lines of manufac. factures, We have many of the raw materials of native production in abundance, and have equal facilities with Groat Britain in gotting them all, But wo go tax thesc materials that we cannot produce on article which we can Bell beyond tho limits of the United States, _ It will take time, anda long time, to fa- miliorize the pooplo of other lands with American toxtile fabrics, Tho most essen- tial preparation for their export is a romoval of the Iegally-imposed additions to tho cost of production, Tho manufacturers must havo their raw material freo of tax; they ust be relieved of restrictions not imposed on manofacturora of other countriea; must ‘be freo to produce all they can and to sell it where thoy can; and then in timo, with free competition, American goods will be known in all parts of the world, and the American flag upon American voasels will be onco moro seen in foreign parts, It is time now forthe Democratic inven- tions to commence spoiling, One of theso, which has beon circulated industrionsly in the Domocratic papors for some days past, charged that there was the most positive evi- dence that Attorney-Goneral Preaneront in- torfered with the prosecution in tho Bancocs trinl, and that hoe used his high position to so- cure a verdict of acquittal, and that, in evi- donce of this, District-Attornoy Dyen, Gen. Hespenson, ond Mr, Broapuzap would tes- tify to the fact undor oath. Diatriot-Attornoy Dyer, however, has knocked this lie in tha head by telegraphing tho Attorney-General that the charge is wholly falso. District-At- tornoy Drzn ought! to bo good authority. A socond Democratio lie los commenced tospoil, The samo Democratic papers which have boon lying about the Attorney-Gonoral havo been charging Onvinux Grant with hay- ing been criminally engaged in the post- tradership business, Mr, Grant emphatical. ly donies the charge, and challonges a picked committeo of Democratic Congressmen to in- vestigate him, Ho furthermore states that he was never interested in any poat-trador- ship except that at Fort Peck, which he gayo up over a yoar ago, after losing sovoral thou- eand dollars, and that he has only attended to his own legitimate business, which‘ has be- come so unprofitable that ho was glad to get out of it, Thoro are many more Democratic Wo havo a. Hes which ‘ill bo exploded before many days, The Democratic chickens will soon flock homo to roost. ‘The recont decision of tho Suprome Court of this State, declaring void the boquest of Sreruen G, Guirrrrit of $60,000 worth of Innd to tho Amorican Tract Socicty, the Church Extension Socicty of the Mothodlist Oburch, and tho American Biblo Sooloty, upon tho ground that a forcign corporation cannot hold roal cstato in Ilinois, is attract- ing considerable attention abroad, the more so from tho peculiar cironmatnnecs of tho caso, Tho deceased Gatvrira mada this diss posat of his proporty in fulfillment of a vow mado soveral years ago whon he was in financial distress, that if God would prospor himin his business ho would bequeath his property to religious and charitable objects. Many of tho State Constitutions contain pro- visions similar in offoct to tho principle in- volved in the decision of our Supreme Court, and they should bo in ovory State Constitu- tion, The dovising of property in this man- nor has been fraught with evil to the world for the past twelve conturies, ond has beon tho caso of somo of the most terrible wars the world has over soen, in England, France, and Italy. It has worked incsloulablo mischiof, and will always doo, It placos dying mon at tho morcy of unscrupulous clergy, with the power to oxtort thoir proporty from them for tho bonofit of tho Church by terrifying them or by persuasions of other character. Tho tendency of such n provision in the Stato Constitutions would be healthy in ovory re- spect, It would protect the legal heira to property; would provent unscrupulous clor-. gymen from obtaining proporty in an irregu- lor maunor, amounting to extortion; and, botter than all, would induce men who. aro charitably disposed to give their money out- right. It ia an unexplainable feature of hu- man nature which leads men to put off help- ing publio chorities until after they havo left the world, instaad of contributing to them when living, so thot thoy may onjoy tho recompense of a good deed, and in addi- tion thereto sea that their trusts are proporly aduninistored. Asintho appointment of Ricuanp H. Dana, Jr, of Mnssachusotts, Minister ot the Court of St. James, so in tho appointment of Judge Tarr, of Ohio, to the Seoretaryahip of War, tho President has at last acted with diss crimination and judgment, and secured the services of a man who will reflect honor up- on the situation, oxorcise an important influ. ence in tho Cabinet, and do orodit to tho country. In intellectual ability Judge Tarr is ono of the clenrest-headod mon in the West. His moral rectitude and honesty of life have nover boon questioned.’ In scholarly qunlifi- cations also ho ranks high among tho public men of this country, Ho was o prominent candidate for Governor of Ohio, but was do- feated in tha Convention, although a much ablor man than Gov. Hares. During the campaign, his specches, not only upon the currency isstes but upon many othor topics, wero the most powerful made in that mem- orable contest, with the exception of those of Cant Sonunz. Hois one of tho strongest men Ohio hos over produced, and in intollect- ual ability and intogrity of character, and alt tho eloments that combino in oxalted states. manship, his appointment is eminently o matter for public congratulation, Should any futuro necossitics ariso involving the appoint- ment of Ministers or Cabinat officers, it is to bo hoped that they will be of the character of the two already named, ® The parallel botween tho downfall of Lord Bacon in 1621 and Secretary Bytunap in 1876 is n vory close ono, It is history ropeat- ing itself. Huse, speaking of the corruption of tho timo and tho action of Parliamont, and roforring particularly to the impeachment of Bacoy, says: ‘His want of oconomy and his indulgence to arvants had involved lim iu nocessitfos; and, In ordor to sup ply hla prodigatity, ho had boen tomptod ta taxe bribea, dy the title of presents, and that iu very open man- ner, from sultoryin{chancery, Tho Chancellor, cone sclous of guilt, deprecated the vengoanice of his Judgoa, and cndeavored by a general avowsl to oscape tho cou. fusion of watrictor inquiry, Tho Lords insisted on a particular confession of all hts corruptions, Ho acknowledgoi twonty-clght articloa, and was sontencod to pay a fluo of 40,09, to be {mprinonod in the Tower during the King’s pleasuro, to be forover incapable for any afico, place, or employment, nud neverngain to sit in Parliament or como within tho verge of the Court, ‘Tho subsequent ovents in tho caso if Lord Bacon, however, are not likely to be repont- ed in tho caso of Beuaxar., Bacow in a little tino was rolensed by tho King, who remitted Als fine es woll og all tho other parts of his sentence, and conferred on hin a pension of £1,808 yonr, Tho ex-Secrotary of War is not warranted in looking forward to such a dis- position of his caso with any dogres of cor- tainty, although, if the Democrats in the House keep on as they have commenced, it is not unlikely ho may escapo impeachment. BILVER COINAGE, . To the Editor of The Chicago Tribune: Curcago, Murch 7,—Upon what do you base your as- gertion in your Bfonday’a Suauelal articlo that tha Government bonds aro payable In gota unly? Do you moan that allver was not logal-toniter In sums over $3 ‘whou the bonds wero teaucd? If eo, I think you will find yourself mistaken on examination. Mew. Fr Tf our correspondent will turn to any common. school history, ho will learn thorefrom that, after undergoing sovoral changos, tho standard of fhue- nosé of Amorican gold and silver cdiug au fixed by law in 1837 at 200 puro metal and 100 alloy, At that timo ond proyiously tho gold and silver colua woro oqually a logal-tendor for any amount. Tho valuo of silver was rated lower in the United Statca coinago than it was in othor coun- trios, and a result waa that our ellver coinago was oxported, tho differenco botwoon its valuo as bullion and as logal-tender a‘fording s profit to tha oxporter, Congreus, thorefore, in February, 1883, provided for a roduction in the weight of the eilvor colns from 20034 gralna to 102 graing for the balf-dollar, and proportionately for tho smaller colng, The rtandard weight of the dollar was unchanged, but its colnage was stopped, thoughthe Govern- ment continued to purchago silver and coin half-dollars and other amall coin, Thia chango roduced tho value of those minor ailvor colng, so. that tho wholo dollar bad an intrinelo value ex- coeding 7 por cent more than a dollar mado up of balves or quartor. At thia wamo timo, and in consequence of these changes, silver colna were doclarod to be fogal-tonders for sums not excocding 85 in any ono payment. The law hag not beon changed in this particular at suy time since 1858, and consequently silver cain was a legal- tondor for that amount only when tho War broke out, and whon tho bonds of the United Btatos wero isued, ——_____ Tne atatemont of tho feavingy banks of New York City for tho year last paat discloses that, whilo for the decade provious thore was at avor- age annual increase of about 16,500 jn the num- ber of dopositors, during 1875 thelr number was diminished noarly 25,000. Av the samo time, tho average deposit has {ucreagod about $30 in tho twelvemonth past, for the year amounting to 291.70, Tho aggregate deposita for the yoar wore ovor $148,000,000, bolug an in- creaue of about $4,000,000 over those of tho year preceding, and uhowing that tho falling-off iu the numbers of tho dopositors 1s contined to sho small depositors, This, however, would foom to havo beon tho tendoncy for the pant tea yoara, though, with the oxcoption of 1875, there hos beon tho rapid incroase noted {n the numbey ‘of dopoult accounts, the average deposit having Brown from €80 to $394.70. The aggregate de, posits of the savings banks of Now York ang Brooklyn for tho your wore 232,530,140, ang the number of opon sccounta 006,784, and the doporite-withdrawn aocoount, by ovor $4,000,009 oxcoeding the doposits, atteut the atrosa of tary timos aggravated by tho failuro of flvo of thy Now York savings banks, with 83,500,000 de. posite, > ‘Tho attompt which tho holra of the Comty do Monratemnent aro making to proyont the publication of his work on ‘BSpain and Lip. erty" in Franco promises to be succosety), Poro Iyactntne has beon jasuing the work ab Gonova, claiming to have authority to do a aftorthe doath of tho author, Tho Fronch Governmont oanuot, of coursed, provent ihe publication in Bwitzorland, but it can stop thy work at the frontlor, and sooms disposed to dy 80, ‘Cho rolativos of MonTaLemnenr alloge that ho had boon dissuedod, bofora his death, from hls proposed denunciation of the Spanish Ip. quisition, Mgr. Douraxnour capocially boing conapicuons in bringing this eupproseion abont, ‘The Fronch courta hava yot to docido on thy conflicting statements of tno two partios con cerned, Thd genoral impresslon appears to by that the vordict will bo against tho publication in Franco, ——_.___—- The British Commission which has boen In quiring into the eubjcct of vivisoction has ra, Ported to Parliament that it would be unresgon. able aud unwiso to intorforo with oxporiments of this desoription, Some of tho discovories moat importancto the human raca have beeg mado by exporimouta of this doscription, not. bly Mauver's discovery of the circulation of tha blood. There is anothor question, bosidos thy expodiency of prohibiting vivisection, to ty taken into the account in thie connection, ang that is the possibility of offectunt interforence, No syatom of osplonago at all tolorablo under g froo Government could rogulate work in a pr. yato laboratory, and ovory statute on the sub - joot would moroly driva invostigatora from thr Iecture-room to their own studies. nesenctealis Ears ake Tho Brooklyn Argus prints what purport tp bo tolograma botwoon “ U. 8. G.” and "H.W, 5,," in which tho former states that ho is “on tho ragged edge,” and request tho latter, ashe “has boon thoro,” to toll bim what to do abony it; and HT, W. B," responds by counseling bin to “cali an Advisory Council," patinek. Re It is said that the Prosident nover removes tn office-holdor whor 'tndor fra” of tho press, Tia has made an exception in the case of Gen, Scuexox, who wan undor tho hottest kind of fire when his resignition was gladly accopted—and without regrots. ———— PERSONAL. Ruekin advises women to wear uncut goms for jewelry. g * A daughter of Oskey Hell has published a novel entitled Sweet Bells Jauglod.” The King of Botgiuns haa secured a sketch of Rubens, ropresonting Christ triumphing ove biu and death, ‘Tho Boston Post says Titlons went to an enter. tainment of the Pi Eta Yocioty in order to moet tho uppor crust, Edwin Booth's engagement in Nashyillo cree sted quite a domand for oditiona bt Shakespeare contataing tho play of * Richeliou,” Rufus Ingallg is fluctuating madly between Washington and Now York, makiog proparations toaummon God and the angols in his defense, Aclover plokpocket in tho Hippodrome at New York, obsorving a dotective watching bim, catlod for Mr, Moody and became converted oa tho spot. ‘Tho biggost highflyor in Washington thle soa. gon is Madamo do Mantollo, the wifoof the Spanleh Minister. Do tell, ah! Cuban pote . tradors? Sir John Lubbook says that ante ha~> no bow ola of affection, no cave to hoar withal, but noses to amell withal, and no great songo of localities or routes. “Tho short pooms of Lamartine,” says 8 re cant writer, ure of the claas of pootry whlch delights youth at that stage whon it loves to be mondo aad.” Verdi ha rofusod $200,000 to direct a series of Centennial concerts in Philadelphia, He con- sidera tho work bonoath his dignity, and not agrecablo to bis tastes, fa ‘Tho ongagemont of Charlotto Cushman with Charles Spaniding was brokon off, not by tho ine terforence of his family, bus by tho appronch of death, which soon oyortook him. Mr. Bebeoek ought not to have a $30,000 tea- timonial. Tho porsons who subseribo for it will bo likely to reat. under ,snapiclon of Laving ro. colved impropor favors from tho Private Secre tary. Horatio Harris, recently dead, was accustomed to throw open his beautiful grounds in Roxbury, Mass., to the uso of tho public, and ho never | had to complain of vandalism or want of grate tude. Miva Nora Folton, of Lovoland Village, Ow tied a handkorobief across hor mouth vefore she Jumpod into the rivor and songht tho happy Tand, Oan anybody explain what the handker chief was for? ‘Tho Emproaa of Austria Inststod upon looking at Deakas he Iny in state in hig cofiln. She placed towers on it, prayod, cried, and: crossed hboraolf. Tho Hungarians wero groatly touched by the spectacle, One of tho New York papora recontly placed tho hoad-line “Tho Corrupt Minister” over the Belknap nows from Washington; aud averyboly thought at firet that Bowen had broken Joost again or Beasle ‘Turnor had 'fessed, When Guizot proposed to Louls Phitippe that Roman Catholics who Ilved unhappily together iu wedlock might obtsin divoroea by turalog Protestants, tho King exolaimed: For Leav- en's aske, stop; all tha Frenchmon would tua Protestants.” Prosident Bascom, of the Wisoonsin Univeril- ty, is encouraged to think that the institution lt rapidly advancing towards a position of high usofolooss nnd prosperity, ‘he Tax iaw rocent- ly pasued by tho Logislature will add $12,000 to the University income, making the total income $80,000 a year, 5 The Eastern sentimontaliata gush over the story that Goy, Rico picked up « package which anold woman had droppad in tho street and handed it back toher, The intimation is that ™most Governors of Massachusetts would have knocked the old womau dowa and run away with the package, Emery Storra sald, in an interview with # ‘Tuunune roportor rocantly, that be knew Atlor ney-Gonoral Plorropout woll, and if he met bia ats reception or eluewhere would probably cal out to him cheerlly, ‘* Howdy do, Mfr, Attorney Gonerat 7” But tho Attornoy-General asys bt is not aware that ho ever met Btorra in the whol course of hia tife, Tho London Atiencum says: “Friends ant admirora of Charlos Kingeloy will be glad « hoa of » now odition of * Alton Locke,’ with § profatory momolr by Mr, Thomas Hughos, do acriblng fully the eayinga and doings of ‘Pariov Lot’ during the troubled period of 1818-'50, 19 the ovents of which—the Chartist sgitetion #04 the great moyomont towards association Kingsley took so noble a part.” | The oppouition to tha assumption of tho title «Empresa of India” by Queen Victoria seems to be strong and abstinale. Some mombero of Parliament remember the precedent of an Ene lish King woaring the title ‘King of France when he had not s rood of Fronoh, land, and others reacnt the attempt to impart an imp character to the Government. Though Grest Britalu ts an Empire, the Gorernment is not ime perial,