Chicago Daily Tribune Newspaper, March 15, 1876, Page 4

4 TERMS OF THE TRIBUNE. IATEA OF GUDSCRIPTION (PAYABLE If ADVANCE). Postogo Prepatd at thin OMco. Daily Edition, postpald, 1 yeas »813.00 Parta of year at samo rate. Hiallod to nny address youn FREES for - 1.00 + Bheat. 3.00 U,60 ‘Varta of year at aamo rate, WRERLY EDITION, PORTPAID, ne cong, Der rea faba festa Tre posteno a (5 conta a year, Apecimen copies sont froo, ‘To provent delay and mistakos, be sure and gira vost- Difice address in full, including State and County. Remittances may be made either by draft, express, Post-Office order, or In registorod lotters, at our risk. TERS TO CITY BURACHINENA. Daily, delivered, Sunday excepted, 26 conte per week, Daily, dollvored, Sanday tuotaded, 30 cents por week. Addreas ‘TI TRIBUNR COMPANY, Corner Madison and Doarborn-tts., Chisago it, AMUSEMENTS, © HOOLEY" ‘TRE—Tandolph street, between piark and Tesi abe alforaia bunaisels, After- Boon and evening, ADELPHI THEATRE—Dearborn atreet, corner Monroe. * Humpty Dumpty,” Afternoon and evening, 1:38 1G ‘which We will’prepay. MoVICKER'S THEATRE—Madieon street, between pectborn and Stele, ‘Eogagement of Emme Waller. © Meg Morrilles.” ‘WOOD'S MUBEUM—Nonroo atreet, berween Dear- Porn and state," Laity," by the Michings-Bernard ‘Troupe. Afternoon and evening. Che Chirge Tribu. ‘Wednesday Morning, March 15, 1876, Greenbacks at the New York Gold Ex- change yesterday closed at 87}. Higher temporaturo, with rain or snow, is predicted for this locality to-day. In the United States District Court yoator- day, in consequonce of the death of Gen. Wuusrxn, tho trial of the whisky cases waa postponed until Friday. Upon tho heels of the cablegrams annonno- ing the Egyptian victories in Abyssinia comea the intelligence that the Abyssinian King, reported in the first dispatch as among the Killed, has sued for peace, so that practically the campnign is ended; ond members of tho Peace Society at least may rojoice that there ia, thorofore, n let-up in tho blood-letting. Harterr Kipounne, tho agent of tho Washington real-estate pool, was yesterday brought before the House of Representatives for refusal to produce his books and papers und answor tho intorrogatories propounded hy tho Solect Investigating Committee, and, refusing to make answor or produce tke books required, wns, without hearing, com- mitted to tho District Jail. Noither will thoro be spilling of blood bo- fween the Japanese and the Coreans. Tho ‘roubles between the two peoples have been vdjusted by diplomacy, and Amorican Gener- ila and Commodores who were packing their tarpot-sacks proparatery to embarking for Yokohamn to accept high commands with big salaries, under tho Japaneso Government, may as well forego tho tri The Senate yesterday, by avote of 26 to 20, passed tho bill reducing tho salary of tha President from 250,000 to $25,000 per annum. Among the Hepublicans, Dawes, Fenny, Hrroncocs, Loaax, Monn, of Vermont, Monroy, Conztixa, Wniont, Crarron, and Patrenson voted ayo. Of tho Democratic Benntors, Bayanp, Cooren, Davis, ond Jones df Florida, voted no. If tho facta of tho caso of Mr, Hays, of Alabama, charged with sclling an appoint- auent to West Point, prove on investigation to be as represented, tho House should make short work of the business, A man guilty of such conduct iso notional reproach, and the political party of which ho is professedly a toomber should demand his iminediate ox- pulsion, ‘The French Ministerial statement, commu- nicated to tho Assembly yoaterday, is the Brat svowal of the policy of tho now Cabinet, Tt is moderato in tono; declares the Repub- ‘lio firmly established by tho Inte elections; is soplote with good promises and good Repub- ican doctrine, and pronounces in unmistak- cable phraso against military adventurers, -which means tho Bonapnrtists, and against all others who would disturb the peaca of ‘Europe, which it is tho mission of the Re- public to conservo, Brrnogs, the Keokuk contractor for head- -Btones for tho national cemoterics, yesterday stestifled beforo tho Military Committeo, ad- \mitting that the contract had not boon lot to ‘tho lowost bidder, that tho terms of the con- tracts made had not been complied with, and that ho had paid largo omounts, in ono in- stance $20,000, to secure @ contract, but that he paid no money to Betenar, Tho money was handed over to tho original (‘‘dummy"” probably) contractors, From onr Washington dispatches it would seem that Bears only lot so much daylight in ‘upon the tombstone contracts as he wascom. pellod to do, It scems probable that the title of Empresa of India will be added to the honora now borne by Queen Victonta. ‘The bill bas al- jready passed to o second reading in tho STouso of Commons, which scoms to indicate aw likelihood of its becoming o law. Its pas- sage in the House of Lords is simply a matter ofcourse, The announcemont that tho ac- cession of thia now title will bo colebrated by the release of tho Fenian prisoners Ia a mero eurmiso, Still it is customary to celebrate events of this kind in Great Britain by Royal tlemency, aud as there is a good deal of pub- lio sentiment in favor of reloasing the Fenians, it ia not improbablo that thoy will bo tho beneficiaries of the magnanimity. Disnarit rofuscd to made any promiso of this kind, but he is shrowd enough to avuil himsolf of any Popularity that such action would carry with it, The Chicago produce markets were rather frregular yesterday, boing unsottlad by the mows of the bank susponsion in Now York. ‘Mess pork was active, and declined 200 per bri, closing ot $22.00 cash and $22.02} for April, Lard was quite active, and declined 40o per 100 Ibu, closing higher ot $13.20 cash and $18.27} for April. Moata wero dull and unchanged at 830 for boxed shout- era, 1240 for do short ribs, and 12Jo for do hort clears, Highwines were quiet and jo Sower, at $1.01} per gallon, Flour was quiet and unchanged. Wheat was active and weak, closing strong, at 990 for March aud 99J0 for April, Corn was more activo, and declined Yo, closing firmer at 43fo for March and 4¢jo for May. Oats were quict and easier, closing at 323@s2h}0 for Murch aud 8440 for Moy, Rye was steady at Gte. Barley was dull and 1@1Jo lower, closing at 6640 fo, March and 55}0 for April, Hops ‘were in guod demand at strong prices, Bales wore at $7,80@8.50 for common to good grades, Cattle were dull and heavy at 20@ 2h0 decline from Inst weok’s prices. Sheep were quict and unchanged. On Saturday ovening Inst thero was in store in this city 8,198,007 bu wheat, 2,091,745 bu corn, 718,- G41 bu onts, 142,815 bu rye, aud 889,968 bu barloy. Ono hundred dollars in gotd would buy $114.76 in groonbacke at the close. A fiuttor was excited in political circlos at ‘Washington yesterday by tho action of the Senate Committee on Forcign Affairs in in- atructing the Ohairman to report advorsoly upon the nomination of Rronanp H. Dawa, Jr, tobe Ministor to England, The Com. mittee is reported to havo beon led to reject tho nomination by evidence laid before them by ex-Gov. Winns Beact Lawnenog, of Rhodo Island, formerly editor of * Whoaton’s International Law,” in support of the charge that Dana in his edition of that work plagia- rized Lawnence's notes, Out of tho same matter, it will bo remembered, a suit for violation of copyright was brought by Law- nenot. It is also stated that Ben Borzen, who has boen politienlly opposed by Dana, which fact ought to improve tho Iattor's prospects, has been actively nt work to pro- cure the rejection of tho nomination. Daya hos telegraphed asking an opportunity to vindicate himself beforo'tho Committoe. —_—_—_—_—_——_—_—_—— New Hampshiro has boon heard from, and the nows that comes is of a sweeping Re- publican victory. The returns, excopt from afew remote localities which will but slight- ly modify tho footings, have beon counted, gnd tho result isa Republican gain of from 1,000 to 1,500 over tho majority of last year. After n florcely-contested canvass, the Ro- publicans havo lected nino out of twelve Sonators and a majority of twonty in tho Lower Houso of the Legislature, thus insur- ing the election of a Ropublican to succeed Cnaarx in the United States Senate, Cuexex, the Republican nomineo for Govornor, is elected by between 1,000' and 2,000 ma- jority, whilo at tho last Gubernatorial olec- tion the Republican majority was but 172, Tho result shows that in the midst of investigations for buncombo's sake and of oxposures of corruption in office, the voters of the old Granite State havo not for- gotton that tho Republican party, instend of shielding, has promptly brought to justice and punished Ropublican derelicts in offico ; that it is the only party organization to which they can look for roform, and that no juggles of the Confederate majority in Con- gress can put out of xemembrance tho record of,the Democratic party, nor obscure its renc- tionary policy. New Hampshire has led of in tho Republican victories of 1876, which will bo completed on the 4th of November, nes ARE THE AMERICANS A NATION P The vote in the Houso of Reprosentatives on Monday, first on tho resolution introduced by Mr, Bazen, of Indiana, and afterwards on Mr. Cox's resolutions, is particularly signifi- cant in view of the appronching Presidontial campaign, It was an authoritativo definition of tho stntus of tho two gront partios of the country on the vital issue of nationalism, which was involved in the secession of tho Southorn States and fought out in tho Warof the Rebellion, It may be said that Mr, Baxer forced n votoin tho House on this question in s party spirit. But, oven adinit- ting that he did, and that ho was actuated by no highor motive than that of contributing to tho political welfare of tho party of which ho is o member, still it must be admitted not only that ho wos justified in his cours, but also that it was a timely and important move- ment. It is propor that thero should be no concealment of tho real intontion of tho parties with regard to this great question. It is ossential that tho people of this country should know whether tho issue of nationalism was dofinitely settled by tho War, or whethor thera still exists a formidable sentiment and numerous party which hold to the deplorable fallacy of Colhounism. Porhaps no fairer test could be mado of tho roal sentimont of parties.on this subject than by taking a voto in the popular branch of Congress on a clear statoment of tho caso. Mr, Banen, as wo happen to know, has given tho subject con- sidorable thought ond has o vital intorest in it, ‘The revolution which ho introdaced is an excellent digest of tho position of the Re- publican party, which it took and maintained during tho War, and which it is not likely to abandon after a strugglo of several yonra that involved the loss of hundreds of thousands of lives and thousands of millions of dollars. Tho introdiction of his resolution afforded an opportunity of obtaining an expression of tho parties on a concise and intelligent atate- ment of tho cass, Tho phraseology adopted by Mr, Baxen is so woll considered that it will bear repotition horo, It roads: Resolved, That the pooploof the United Atates con- stitute one nation, and uot » mere confoderacy of Blatesor natious; that tho Constitution was formed by the peoplo acting iu thelr primary and individual capacity, through thelr delegatos thoreto duly const{- tuted; that the Goveroment undor the Conatitution 1s oue of the people, by the poople, and for the people, and that in its appropriato sptra the Government of thia nation is sovoretgn and supremo; that iu tts na- ture it is permanent and indissolubte, except by the ction and consant of the whole people; that no Btate haaany rightor authonty to Judge of the constitu- tonality of the laws enactod by Congresa, or to nulilfy the execution of the same; and that all avert acta by Avy State or poople thereof, of secession thorefrom, or from rebellion agalost the same, conatituta treason, and that the late War of the Rebollion for the dieman- Dornent of the Unton was causeleas and indefenalblo ou any theory of right or of constitutional law, ‘This resolution was like 5 bombshell thrown among the Democrats and Confederates. It croated confusion and dismay, ‘fhe North- orn wing tried to ovade it altogether at firut by on adjournmont, but this filed. hoy then took refugo in tho weak and reprehen. sible division into Northern Democrats and Southorn Confederates. The Northern Dam- ccrats did not daro to vote against it, and would not vote for it, so they dodged or ab- stained from voting. ‘I'ho Confedoratos wera true to the ‘Jost cause” and voted solidly sgainst it. Tho Republicans unanimously sustained Mr. Danes, and tho vote stood Yt yoas to 72 nays; but, ag it included a sus. pension of tho rules requiring a two-thirds vote, it failed of adoption. The Chicago Congressmen, CGautyrenp and Haunisoy, did not vote with their Confederate brothron, but followed tho lead of Mornison and tho other Northern Democrats, and refused to vote. ‘Thoro was nothing in the resolution to excite any special opposition from those who’ pretend to bo conservative Union Democrats, it simply declared that the nation in its ap. propriate sphere is sovercign and supremo, ond antagonized the State-Boveroignty prin- ciple undorlying secossion, Noman protend- ing to believe in the only principls of tho Union by which it can bo maintained forever indivisible could vote ayainst this doclaration, and yot the Northern Democrats refused to voto for it, and among thom Cavzyrznp aud Masuwon, of this county, 'Yhe necessity was felt of taking action immediately which would counteract to some + atent the impression the Democratio Jodg. THE CHICAGO TRIBUNE: WEDNESDAY’, MARCH 15, 1876. ing was sure to lenvo on the country, and Mr. Cox, of Now York, one to tho front with somo ambiguous resolutions to cover the ground, Me, Cox ‘and the Democrats who voted solidly for his resolutions thought that these rosolutions woutd pass for mate- vintlly tho same thing as Mr, Baren’a resolu- tion; and yot it wos great folly to prosume that tho country could bo decoived by so woak asubtorfugo, For, if Mr. Cox's resolutions wore the samo in spirit as Mr. Baxen's, why did the Democrats refuse to sustain tho ono and voto solidly for tho other? Tho fact ia that Afr, Cox's resolutions were intentionally worded ao ns to be subjact to two constructions, and so as to altract tho Confederate voto undor the Confederate con struction. For instance, ono of his rosolu- tions anys that ‘Tho Government of the United States is a Foderal Union, and was formed by the people of tho sovoral Statos in thelr sovereign cnpacity.” What docs “thoir” refer to,—the pooplo or the States? It may rofer to oither, and that is just tho confusion that was intended. If to tho States, thon the declaration is outspoken advocacy of the doctrina of ‘ 8tatos’ Rights," and «8 misrepresontation uf the historical formation of the nation; if to tho peoplo in thoir sovereign capacity, then itis declaration of fact and principle, The circumstances warrant the inforonco that the Confederates voted for the resolution with the understanding that it om- bodied o declaration of faith in the sovercign- ty of each State ag a political ontity and in its local charactor, which would cazry with it the right to withdraw from tho league of sovercign States to which Mr, Cox refers as a “Federal Union.” his is tho doctrine of secossion, puro and simple. It was this doc- tring, evidently, that the Confederates voted to sustain, sinca they had abundant oppor- tunity to declare against it if thoy had been so inclined by voting for Mr. Baxen’s straight. forward, outspoken, and concise dcclaration of Unionism aud Natioualiam, Thus Mr, Cox’s efforts to decolyo in this mattor isn Inmontable failure, ‘Iho Demo- crats in Congress cannot escape from the di- Jomma into which Mr. Baxyn drove thom, Thoy first refused to pass a resolution declar- ing boldly against State Sovercignty and tho right of secession, the Southern Democrats voting against it and the Northorn Democrats rofusing to voto, ‘They thon passod a rosoln- tion purporting to be in the interest of tho Union, but rotnining tho only fenturo that over soriously throntencd its integrity,—tho doctrine of Stato Sovereignty. Though this declaration is morely political at the presont timo, its real import is found in tho nssocio- tion of tho Democratio party by confession with tho doctrine that led to secossion in 1861, and which is cqually likely to lend to secession again whon now complicationa arigo that suggest to n minority of the poople the desirability of dismemboring tha Union, Tho Democratic party gointo the Presidential campaign with this declaration, and thoy must abide its consequences, BANK FAILURE, Tho unexpected fatlure of tho Bank of the State of Now York, which created a bricf financial: flurry in Now York yesterday, adds nuother namo to the long list of catastrophes in illogitimato nud reckless banking. This institution is shown to have permitted over- drafts to the amount of nearly $1,000,000, whilo ita loans wero little mora than $3,000,- 000. Its style of business was illustrated by ite advanco of nearly $500,000 on tho security of a doubtful patent; of almost as much more on malt worth only half m much as thd amount of the loan; and of a quarter of a million on the security of on assignment of open accounts. Tho officers of tho bank aro directly responsible for the collapse, It is found that of the cash reported on hand in tho bank's statements 320,000 consistod of tho individual—nand probably worthlesa— check of tha Vice-President. This ofticer also owea the bank $230,000, secured by real estate, which no doubt bears about tho same relation to the debt oa in the caso of Danze Drew's honse, at the corner of Union Square and Seventeenth street, which is worth per- haps 50 per cent or lesa, and is mortgaged to his grandchildron’s estate for $250,000. ‘Ihe collapso of such rotten institutions is a pub- lic benoflt, It is n lopping-off of dead limbs, —arelicf from dend and dangerous weight. A bank mismanaged by its officers, ag our dispatches show tho Bank of the State of New York to have been, is a public nulsance, It is ono of tho wholesome results of a| panic and its consequent stringency that such concerns aro exterminated one after an- other. When they aro gone, all business brenthes easier. It is worth noting that the National Bank of the State of New York was not left to chooso its own opportunity for dissolution, The moment tho Now York National-Bank Examiner (who seems to boa model of his kind) discovered tho rotten stato of the bank's affairs he reported the fact to tho associate banks in the Clearing. Tfouse, and as soon as they verified his state- morits they suspended tho dangerous mem- ber, which of course mado it impossible for it to continue business. ‘Chis course was short, sharp, and decisive, and should be pursued by all Bonk Examiners and Clearing-Houso Associations in tho country, ‘Tho oxistonco of an unsound bank is o monace to all business and financial inter- ests in tho community where it is, ‘The con- dition of the Cook County National Bank of Chicago was confossedly known to tho lato Bank Examiner and other Chicago banks long beforo it failed. But it was allowed to continua business, receiving the deposits of tho unsuspooting publio until it fell to pieces of its own corrupon, Much suffor- ing and scandal could bo avoided if the Bank Examiner and the Clearing-Houso would co- operate, as has been done in the present case in Now York, and put such institutions out of businosa while they had assets ond stockholders to pay, their depositors. ‘This New York failure doea not anf- fect business interosta in the Wost, ‘Tho broken bank had but one Chicago corre. Spondeut, which could lose its whole balanco in Now York without impoiring its capital, and it had alinost no Western country corro- spondents, ‘Tho recovery of prices in tho New York Stock Exchange shows that the shock there woa bnt momentary, and that no other intorasts ore invol It transpires that the mysterious female go closely guarded at Willard’s Hotel to toutity before one of the Congressional Invaosti- gating Committees is Mrs. Roupy, the same who lately was arrested on chargo of having stolen a bracolet belonging to Gen, Ronny, whose wifo sho claimed to be, and upon her acquittal, in turn, had an indictment for con. apiracy to rob her of valuable papers found against Roppy, Broogs, and Eversrr. It ap- pears that she was arrested by the Sergeant. at-Arme at hor home in Hackettstown, N, J., and has olready testified ay to tho means by which Roppy, Bsooxs, and Evenetr secured the purchnsa by the Navy Dopartmont of a cortain automatio pump with which nearly ovory veasol in the navy waa provided. Bho is also reported to have mado important dia- closures os to bogus cotton claims put through by the samo trio, Ropnr nnd Brooxs havo boon indicted in the District Court for tho cotton-claim fraud. Alrondy thore are the usual rnmors of “parties in high position” boing implicated, TEN: ONFESSION, Mr, Groner I, Penntrton, who has been for many yonrs n conspicuous Domocratio na- pirant for tho Prosidenoy, has probably ro- signed all hopo now of ovor attaining a nom- ination for that offico or any othor national distinotion, Ho hos beon hedged in by a Inbyrinth of suspicious circumstances until forced to mako stntemont and confession ou his own bohnlf relative to the collection of tho claim of $148,385 from the United States Government for tho Kentucky Contral Iail- road. ‘That statement had botter not have beon mnde, so far ns Mr. Penpieron’s por- sonal ropntation is concerned. Its effect may be to reliove Mra, Beranap of the chargo of having received a largo sum of monoy from Mr. Penpierqy for scouring tho allow- ance of this claim; but to do this he has con+ fossed action on his own part which ho can- not successfully dofond, eithor politically or commercially. The claim which he collected from the Govornmont by tho allowanco of Bexxnar whilo Bocrotary of War was extra componsn- tion for sorvices rondered by tho Kentuolry Central Railroad. This rond had already boon paid in full by the Government at tho same rate which the Government paid all the other railroads in the country for the trans- portation of troops and supplies, Tho man- agemont of the Kentucky Contral, however, nover acquicsced in tho justice of the settle. mont, and demandod pay at the rate of 90 por cont of its regular rate, The differonce botwoou the amount paid and tho amount claimed was $148,385, Thin swindling claim was successively rojected by Socrotarios of War Sranton, Sonortetp, and Rawriwa, Gon. Mxtas pronounced twico strongly against it. But it was allowed by Secretary Bezawar, whoao present wife had boon on intimate social relations with the Pzxpizroxs, Tho charge was mado that Pexpieron had paid Mra. Berxnar a Inrgo sum, and tho books of the Railrond Compauy showed that it had ro- coived a sum grently less than tho Govorn- ment had paid. At thattime Mr. Penpny- Ton was tho President of tho Kentucky Con- tral Railrond and likewise administrator of tho Bowzzn estate, which ownod a large part of tho zailroad stock, In the former capacity ho mado a contract with himself in'the latter capacity—n sort of Oaxes Ames ‘*Crodit Mobilier” arrangoment—to pay himsolf 50 percent for collecting tho claim, He has now admitted that of tho $148,385 franudu- lontly collected from the Government, the Railroad Company only rocoived $68,000, whilo he recoived $80,885. All of this he says ho ratained excopt a small percontago, which ho paid to a clork in the railrond office who had mado up the rascally accounta against the Governmont. Accepting Mr. Pexpurrox’s statement of tho caso as correct, thon wo have a confes- sion that ho first assisted in collecting an exorbitant and unjust claim ,from the Goy- ernment, which had already paid tho Com- pany for its sorvices; audsecond, in gouging the Company whith ho represented after making this collection, Mr, Prnpirron stands confessed of having, ns a mattor of foot, taken $80,385 of Government money without rondoring any compensation thero- for, Thero is probably no more glaring in- stance on record of the character of tha professional lobbyist, and Mr, Penpneton is entitled to the crown of tho King of. tho Lobby herctofora worn by Sas Wann; or, if Wann contosts it, then at loast Wann must yiold the palm of departmental Jobbying to Penpieton. The latter, by his confession, may have saved Mrs. Beruyar in this par- ticular caso, though further testimony will probably bo taken hoforo tho ense is closed ; but ho has doomed himself politically to do it. Meanwhilo it is ovident thot the Domo. cratio Congress have caught n bigger fish than they wero angling for, and in waters «which they did not caro to reach, —<$—_—_— THE PACIFIC RAILROAD OUTRAGE, Asub-committeo of the Judiciary Commit- tee of the Honso of ‘Representatives, after n full examination of tho relations of tho Pa- citio Railronds and the United States, has ro- ported a bill which proposes to put an ond to tha presont extraordinary stato of things, Tho United States issued to tho saveral Pa. cific railway companies, in addition to the monstor grants of land, United States 6 por cont bonds, having thirty years to run from tha dato of insuc, which issno began in 1804, and continued for several yeors, Theso bonds amounted to $64,628,512, and will mature between 1894 and 1900, Tho United States had originolly o first mortgago on all thoroads to securo those bonds, but by the now historical manipulations of Congress this mortgage waa relensed and n second mort. gage taken, Tho contract was supposed to have been that the companics wero to pay tho intercst dn theso bonds as it accrued, and in nidof this tho Government was to retain ouc-half tho amount of freights duo to tho companics for Government transportation ; but subsequent investigation proved that the contractactually read that the companics woro to pay no interest until” tho maturity of tho bonds, On tho first of tho present month, the Government account with these compa. nics stood thus: eit rt pet by 3533, 000 my 27,216,513 Weulorn Vacifo..... 1,970,560 Bloux Oity Pact 3,024,320 Totala..s.se+-. .$54,020,519 $90,141,513 $6,724,018 Here, then, is an exhibit that, in March, 1876,—or twelvo years only aftor the issue of tho first of tho bonds,—tho arrearages of in- terest amount to $28,417,195, At tho samo rate, computing only at snaple interest, the company will owe the United States in 1890; Yriucipal of bond: Tutarcat ess. seee ‘Alo, trat-nortgege bonds, ‘Votal debt of the roadl,........+4400.8199,603,000 ‘The Government claim ot that time will bo for 184,875,000, which, howover, can only be collected by the payment of tho first mortgage, giving the Government the choice between losing ita own claim, or assuming $04,000,000 of additional debt, and taking tho roads for the whole. Now, is there no extrication of the Govorn- ment from this extraordinary complication into which it has been entrapped by dishonest legislation? Messra, Lawnence, of Ohio, and ‘nooten Kxorr, of Kentucky, have proposed bill to remedy the case, ‘Tholr bill pro. poses: 1. ‘That the United States ahall retain in tho Treasury all moneys duo tho several companios, and apply it to their indebtedness. 2, That cach company Compsnice, bo required to pay dinlf-yearly into the Trans. ury such sum of monoy as the Becrotary may dircat, such money to constitute o sinking fand for tho payment of tho principal of the bonds, 8, A like sum tobo paid in tho samo way to pay tho intoreat on the bonds, 4. ‘That tho companios shall mako:no dividends 0 long og they are in dofault. 6. Tho Gov. ernment to have an action at law to rocovor any monoy dno or to bocomo duo, and to take possession of and oporate any rood in de- fault, * Itis given out that the main provisions of this bill will bo onacted provided the lobby do not prove to bo too strong. ‘Thoso com- bined railways ineiat upon making the Gov- ernment advance $194,000,000 upon tho se- curity of o second mortgngo. This bill ought not only to pass tha Iouso and Senate at this session, but it should ro- coive the unanimous support of both parties, It iso bill to stop an enormous leak of nearly $8,000,000 annually, for tho future paymont of which thoro is but tho most scant security. ‘Tho indobtedness of tho rond at the maturity of the bonds will bo noarly threo times ita value, ‘Tho two principal ronds in this com- bination are carning an aggregato surplus of 38,000,000 to $12,000,000 n yoar in excess of their oxpenditures, and paying largo dividonds ‘on capital stock on which no moncy was ever paid in, It is time tho onormity was brought to a close. ern eee THE CONSTITUTION AND GREENBACKS. At overy meoting of tho rag-baby inflation- ista, no mattor of what party, whother Indo- pendonts, Democrats, or Communists, resolu. tions ara adopted demanding tho withdrawal of tho National Bank notes and tho substitu. tion of legal-tender notes thorofor. ‘We havo already said that if greenbacks aro nover to be redeomed thero was a show of good sense in having all the currency is- sued directly by tho Governmont, as tho ro- domption of bank-notes in other papor ro- deemablo in nothing and nevor to bo redoem- ed in anything was o bastard kind of bank- ing; thorcforo, wo have insisted upon two things: first, that the banks shall bo permit- ted to issue gold notes and withdraw their present issues; and, socond, that the Govern. mont shall offer the holders of tho groon- backs tho privilego of funding thom into bonds, ‘ Suppose, howover, Congress can bo in- duced to abolish the circulation of the Na- tional Banks and procced te fill tho vacumn with legal-tonders, ‘hos it tho constitutional authority todo so? This is a vory important question, for if it cannot excecd*the four hnadred million authorizod to be issued as a war moasute the schome would cause a con- traction of three hundred millions of bank- notes, which could only bo remediod by re- viving the old State-Bank systems, with all tho ovils of o hetcrogencous currency issucd under forty diverse Stato systema, It will bo romembored that tho legal-tender cases were decided, after tha War, by a Court composed of nine Judges, Chiof-Jus- tice Onasz and Justices Netsos, Ouirronp, and Fizzy held tho act to be unconstitution- al; whilo the majority, consisting of Justices Srnoxo, Brapney, Davis, Miu, and Swayne, held the act to bo constitutional, ‘Tho Court had proviously, whon composed of cight Judges, by o decision of five to throo, decided adversoly to tho legality of tho Logal- Tonder act so far as it npplicd to contracts mado provious to the Legal-Tondor act. Aftor this first decision, Judge Gnren, ono of the majority, resigned; and another membor was added to tho Court, and to theso two places Justices Strona and Brapiey wero appointed. The opinion of the majority in tha second enso was dolivered by Justice Srnono, Justice Brapuxy reading a concurring opinion. Jus- tices Davia, Minuyn, and Swaxne had ex Pprossed thoir opinions ag dissonting Jndgos in tho first case. The constitutionality of tho Logal-Tonder act was affirmed by these Judges upon the ground that it was an aux- iliary power, as authorizing the means whero- by some other power might be oxorcised. Tho military powora of the Govornmont woro not questioned. Congress had power also to borrow monoy, and to anticipato its revenues. Congress, the Court held, could resort to any means appropriate or conducive to the execution of any or all of the powers of the Government ; and, in considoring whothor the Logal-Texgor act was an appropriate in- strumentality for the execation of the known powers of Congress, the Court said ; Plainly, to this inquiry 9 conaideration of the thms when they wero enactod and of tho circumstancea in which the Government then stood is {mportant. It ia not to bo dented thst acts may be adaptod to tho exercise of lawful power, and appropriate to it, in reasons of exigency, which would bo inappropriate st other times, Tho Court then recapitulated the circum- stancos in which the country was placed when the Logai-Tender acts wore passed : a civil war threatened the overthrow of the Government; the equipmont of large armies and navies and their support, ond the employment of monoy beyond the ordinary sources of supply, woro demanded; tho Treasury was empty, ond credit was exhausted; monoycd institutions could advance no more; taxation was inade- quate to pay even the interest on tho debt already incurred; tho necessity was imme. diate and pressing, Thero was duo to tho army in tho field 20,000,000; tho current expenditure was over $1,000,000 por day; tho coin in the country was inadequate to tho wants of the Governmont for threo months; wo had no foreign credit. There was a par- alysis of trado and business, threatening o loss of confidence in the ability of the Gov. ernment to continuo ita existence, It was at auch a time and in such circumstunces that Congress was called. upon to daviso means for maintaining tho army and navy, and for the preservation of the Government croated by the Constitution. It was in such an emorgenoy that the Legal-Tondor acta were passed, If it wore cortain that nothing oluo would have supplied tho absolute necossitios of the Government, and nothing elso would have saved the Government and the Conatitu- tion from destruction, whilo the Legal-Tonder acta would, no man could assert that Con. gresa had transgressed its powers, Nor could it bho maintained that the enactmonts wore not fora legitimate ond, nor appropri. ato and adapted to that ond. In tho solection of means for a legitimate end, whero each was appropriate and adapted to that end, Congress was its own judge. Congress, and not the Court, was to decide the necossity for any Congressional enactment, ‘Lhe necessity oxisting, and tho means being appropriate to a legitimate end, and not prohibited by the Constitution, the Court hold the enactment valid, Mr, Justice Baaptezy, whoso vote turned the ecalo in favor of the legality of the tonder acts, usod this language: It follows as another corollary from the yiows which Thave expressed that the power to make ‘Treasury notes w legal-teuder, whilst @ mere incidental one to that of taguing the notes themaclyes, and to one of (he forms of borrowing money, is nevertheless a power ft to be resorted to oxoept on extraordinary and preas- ing occasions, such as war or other public extuencics, Of great gravity and Gnportance ¢ and should d¢ no longer continued than alt the ctroumatances of the cate demand. Tho legality of tho Legal-Tonder acts, therofore, rested upon the great and over- whelming necessity erented by tho War of obtaining monoy to support armios and na- viea nnd maintain tho natlonal oxistonce against tho destruction by which it was mon- oced, Even then the acts were held to be valid by the mero acoldont of tho resignation of Indgo Gnien, Had ho not rosigned, tho Aeciston conld not have been obtained from the Court, In tho light of ali the facts at- tending that decision, and of the grounds of tho docision itsolf, is thero any potson who belloves that tho Court would sustain the on- notment of n law dirccting a now isauo of ‘Treasury notes, mado n lognl-tondor in time of peace, with tho national credit fully ro- stored, with an incomo oxcoeding tho ox- ponditures; with a continual reduction of tho national debt from surplus rovenua; with taxes sinco tho closo of the War ro- duced by one-half; with no necossity what- vor for on incronsod issue of foreed notes— wo sny, is thoro any intelligont man, not o partisan domagogno, that bolioves tho Su- premo Court would uphold ench an act ox constitutional ? ‘Tho stops in the case would bo as follows : 1, abolition of tho National Banks; 2, a now issuo of logal-tendors to be declared void, and then a bauk chartered by a Stato in overy village in tho land to spow out shinplastors to be conntorfeited. From this thoro would be nocscape, Having abolished the National Banks, and having had the extra issue of Iegal-tendor notes declared by the Court un- constitutional and yoid, a necossity would thon be erented for tho restoration of tho old State-Bank systems, when ench State had difforent ones,—some good, some bad, othora stump-tail, or red-dog, or wild-cat, Such would bo the ond of tho experiment to sub- stitute 380,000,000 of irredeumablo forced notes for tho bank-notes and ndd them to the $370,000,000 of War notes called groon- backs now outstandin, SILVER COINAGE, Tho Sccrotary of the ‘Troasury has under consideration a proposition that it purcbaso the entire bullion product of the Consolidated Virginia and Californin Mines for a year, tho samo to bo coined and used for purposes of specio resumption, ‘Tho law of tho United States pormits any person to deposit gold bullion in tho mints and have it coined for him in gold pioces. But tho law refuses tho samo privilege to the holdors of silver bullion, who muat either sell to the Government or oxport it for salo in othor countries. Tho intrinsic value of American silvor coin of tho denomina- tions less than one dollar ia so roduced that tho Government can purchase tho silver ond give it out as coin in exchange for grocu- backs, and maken profit by tho operation, In other words, the Government can redeom. all tha greenbacks with silver coins at par, and save many millions of dollars by tho operation, Thia is objectionable, it seems to us, in nm moral ‘ng woll ns political sense. ho Govorn-. ment has fixed‘the standard of weight and finonoss for silver coins, and it ahold open tho mints to those who produco silver, that thoy moy havo it coinod at their own ox. pense and for their own usos, Tho silver product of tho United Statea -will exceed probably fifty milhons of dollars.n year, and, as it is now more profitable to havo this coined at homo than it is to export it, thero should be an opportunity given to tho pro- ducers to havo it coined. In all ‘the smaller transactions of business it would rapidly dis- place tho fractional currency, and, lond very soon to the retiromont of oll bank ond othor notes of less denominations than fire dollars, Practically, thore would bo specio paymonts, becawso tho banks and all others would readily pay out silver in ‘exchange for bills, ond the Government, if so disposed, could employ this same coinnge for tho gradual rotiroment of its notes. While this would not bring either. paper or silver up to the legal-tendor standard of gold, it would enable tho country to got rid of the wretched fraction! notes. Tho purchaso by the United States of any considerable amount of silver is perhaps not a very wise measure. Silver is declining, and will continuo to de- cline, in face of the enormous production, Specio resumption in silveris by no means desirablo ; our silver would becomo a nui- Bauco, because of its depreciated value, Un- less tho weight of the coins bo so increased as to increase their valuo rolatively to gold, their wholesale coinage would ba the worst possible form of inflation, We would havo three forma of currency, of which silver coins would have tho loast purchasing value, The appointmont by the President of the Hon, R. P, Dznioxson as Collector of In- tornal Revenue for this district will be cor- dially welcomed by tho whole community, No more fitting man could have boon selocted to succeed Gon. Weusten, Thera is in fact much in tho goneral charactor of Mr, -Den- Ickson that agrecs with that of Gen. Wen- stzn. Mr, Denroxson has the same high qualifications of unblemished personal integ- rity, and is known as ono who has proved faithful to to evory trust reposed in hima. Ha is a thorough man of busingss, and of untir- ing industry and undoubted courage, and will prove an efiiciont Collector of Revenus.. Ho is just tho man necded for tho presont omer- gency. Thero willbe no complaint of any want of energy or firmness in the oxccution of the duties of Collector by him, Whilo it iso sod misfortune that there should bo o vacancy in that office at this time, the ap- pointment of Mr. Denroxsox will go far to remedy the consequences of Gen. Wenstzs's untimely death, : Tho colored friends of Mr, Pricrpacx acted very injudiciously in their sorenade procoedings at Washington. ‘Their charge that the Sonate acted with hostility to the colored race by rofusing to admit Pinoimack is hordly sustained by truth, Indeed, we think tho real truth is, that, bod nob Mr, Prvonpace been a colored man, his case would have been disposed of years ago, and adversely to his admission, It waa the unan- imous judgmont of the Sonate in 1872 that the Louisiana eloction was a vast fraud, and Kextoca was only sustained in offico as a ds Jucto Government for which thero was almost universal contempt, Thoro has never been a timo sinco March, 1878, that o major. ity of tho Senate could have consclontioualy voted to admit Piyonvack, and if ho had been white man they wonld have rejected him Jong ago. The United States Distriot Court has ad. Journed over till Friday in respect to Gen, Wensten's memory. In moving to take this action, Mr. Dzxren, on tho part of the Gov. ernment, very properly said that the publio service could scarcely be damagod by a brief delay to pay honor to one who had served in it fuithfally for forty years, It is said, howe, -und famis over, that there will then be no farther ponement of the whisky trinla. Both Government and tho dofondants aro gniq be propared to proceed, nnd thero will be n, farthor offort at delay. If the ramors rey, tivo to the plea of guilty in cases that it way thonght would be contested shall prove tobe correct, thero will bo less sensation in thes trints than has boon anticipated. The loss jg this regard may bo mado up, however, by 43, ditional oxpontires; for the plens of Bullty oy tho part of tho prominent conspirators mug includo n dotailed necount of tho Alsporitiog of the moncy, and tho names of such Per. sons may give s now interest to the process, ings. ‘tho mont stupidly reckloss and ignorant ataty ment we havo acon formany daya in Quy country nowspaper (and that is asying ® good doal) tho subjoined from the Galonbarg Register ; The Democratto mind fa fest nottling down to conviction that thelr party will be compelled. to adort st leaat two of the gentlemen placed Upon the Ratory ticket, viz.: Brewand for Governor, and Tlisz ty Auditor, ‘Tho naming of candidates ‘for Auditor o both Uckota 1a boldly elstmed by the, Olty Of Chleag, the reason given being that it is worth to that city g} Bum of $0,000,000 in fixing thelr ssseanmments, 14 Auditor having great influence in determining the i tlon of the Btate Board of Equalzation, Democuy Inamind thie ono fact nat 1é teis worn Boca ane rf udltor, 1t ln worth alsc $0,007 lato for Chicago not to have ty, Auditor, and both parties should atrive to break oy ‘the little arrangomont, When tho time for the a2 cision comos, wo trust the Democrats of the State vi have the Dackbono to refuse to indorse Hie ty delegates in the Republlean Convention will nee ts 4 that s propor setection is mado for the important mq, tion of Auditor on their Btate tickot, ‘The above is doatitnte of truth i tho folloy, ing particulars: *Tixlog tho sedesemonts" y Cook County could not possibly be * worth moro to the county than its total State ti which fs 3 mille on an assessment of $172.0. 000, and that amounts to $510,000, or about oy, dteelfUs part as much a tho sum atated by iy Register, (2) Tho Auditor cannot fix the mont for any county, The Township Assesson first make tho asseesment; the County Loy roviaea and oqualizouit. This revised nse, mont {a thon nent down to Springfield to be fy. ther revised and equalized by the State Board y Equalization, which consists of one memby from each Congressional District, Tho asso, mont mado by this body is final. But it tris the power of s projudiced or mallolously di, posed Auditor to induco the. Board to equaliy the agsesamont on Cook County unjunty, ‘The Board, however, requirca no nrging fy that dircolion, o8 past experionco demonatrats, ‘The tono of the Jvegister’s romatke indicate ty sort of Auditor it desires to havo nominated. some ono who will orert his Influence to “nok it to" Chicago, which to tho Granger mis seoma to bo a fat goose that should bo wl plucked, Tho tax-payors of Cook only ask thi acapablo ond fair-minded candidate bo nom nated, Thoir delegation will insiat on thy much, and 1t will bo usstess for the Conventin to put a candidate for Auditor on the ticket why in hostile to this county, as bo cannot bo oloctel, Tho Ropublicana of Cook County, so far as wy are aware, havo no candidate to present to th Convention, but they have 40,000 solid votes» give for s fair-minded man and tho same now ber to give against an unfair man, PERSONAL. “ Onids ” has marriod a Russian. Rosa Bonhour is about to visit Scotland, An exchange ssya-that tho way to spell Far Bill is with o largosa, 9 The prospect of » compromise in the Wat will cago is considered good. Albani bas produced a deep Impression in Nie ‘Tho thoatro wag too amall to accommodates} her admirers, Mrs, Beocher interposed to prayont her ha band from accepting many invitations to lectus recently recoived, 2 George Eliot's “Daniel Deronda” is bely trausiated foro Prussian poriodical dovotedy tho publication of stories. Tho candidates for the seat in tha Fronc Acadomy ronderod vacant by tho death of Bf. d Carno aro Vyolbrion Bardou, Paul Feval, sof Henri de Boripr. . The Pension Uommittoo has recently refused ® potition to restore to the ponalon-rolla thi namo of a soldier's widow who married agals and afterwards was divorced. It is reported that Piokerton will agree to pul his hand on Charley Rosa in twenty-four hours, ifthe monoy offoredin rewards is * put up, ‘This story is thought to be dubious, The Norristown Herald thinkd Walt Whitou haa been fooling away his powers on Greek por try, whon ho might achieve «comfortable co’ petoncy by writing-Injun" and. pirate stories Bulwer's posthumons tragedy is written is horolc metre, A London managor, it 1a astd, i charmed with the work, but itis probably dee tined to sloop with “Lo Vailiore” and “ Wat pole,” Fashionable ladles jo Paria atudy the cor tumos of Milo, Croizettein “L'Etrangere " wit poonlinr interost, as {t {aa wolt known fact thi! tho drosses of famous actressos aro always afer montis in advance of the mode. Thomas D. Jones, an Obto aculpfor, hes fs ished what ho constdors the masterploce of hit life—a bust of Iteverdy Johngon. ‘Ibo last d+ ting for the bast was held a fow days before tht death of tho distinguished subject. Minnle Hauck is to bo Strakosch’s prima donut next year. Sho has had only a tolerable succes in Gormaoy, having had to contend with Mal ger, Lucea'a old rival, and with Niemanp, tht tonor, who has ehown bla hoatulity to her on the “atage. ! Of M. Patin, the Soorotary and oldest mombe! ofthe French Academy, who dled roceotly tho ago of 83, tho Paris Liberte nsya; “Ho bd only one falling, aud that was, that although Taombor of tho French Acadomy, ho did sa know French.” ‘ It is uudorstood that Mr. Maploson, the Lao don oporatio manager, has made arrangement for regular xessons of Italian opera in New York Hie hes come to terms with the stockholders tho Academy of Afusic, and will roside in New York s portion of every year, Tho London Times reporta a rumor that tht magnificent bequest of the ;Duke of Mode! Don Carlos was made couditioual on » declart- tlon of peace in Spain, Carlos, losing all hope of ascending to the throne immediately, pr torred poace to the loss of tho logacy, Lillie Dovoroaux Blake rooalls tho fact thit “It wasat a time when acantness of drspey ‘was at ita oxtrome that Mies Patterson m Jerome Bonaparte. A cousin of Mre, B, waa # the wedding, and when asked aftorwards to dt soribe tho bride's toilet, roplied : »* Ail the clothes the hadonI could haye put ioemy wali pookat.'” Del Norte, Cals Detroit HL, H, Ledyard, Detro! 4 ¥. King, Gincihnatt rata, Bt, Louls; Df Bpafford, Morrison, ndelssoln Quinta! Clap, Hotton; HH. Dickinwon, Madtey, staan. Tucker, Cleveland; J, ¥. Sadler, Pittsburg; Jobo Doorr, Jr, Vhiladelpbia; i. N, Gay, Galesburg Girand Hacvho-—J, 1, Bass, Fort Ways ; G, 0. Gets Chippewa Falls; 1, J. Flint, Menominee: Hmith Columbus; A, 0, Mathows, Spring Willa, Cleveland; We L. Beott, Erie; N. *] Poullaey, Ve; P. W. Kouta, New York; Joseph Com’ , London, Eng; Harry Vad lish, vhiladie phia; Mrs. B,D, Gieapie, Chi Woman's De ‘partment of Centennial, Philadel; M. Ba worth, Woodstock; Gan, J. BL. Os Bean, Morris, Ul... House oor McCullough, Pittaburgs T. 1. Bargent, Detrolt; T Gilmore, Milwaukea; the Ton. O.. Hy’ Perkius Ungton; Gol, O. ¥.drary, Osskoah; the Hon. J. iat ina Boe verge iy La | H sw * Buleed, “Biooudagton; if, VW. "Lovewell, vate oy, i We Ohapin,’ Boston, "ses. Skirman. House, ‘, Gare Boston, Wa’ J, Mall aad Q. Hall, Giana Rapides W. 8: ML andHenry Hill water, Baruyy tates doef Jo oa be ri al loa j. Be Fend du lao; 3. He Kiartin, anvecy Be Z BUCh Gubkoon } Jou Wolt and W. Hi, Raymond, Abrams ff Bamuel ut . Bush, Dud' iow Mratletonlaag bs nation Nog Ye j jon; J Py Wr il. Burk, Detroit; G. 8, aud 2, Gy Lewis, Miva koe; Henri Larsonneso, Lyons, France, .