Chicago Daily Tribune Newspaper, April 19, 1876, Page 4

2 TERMS OF THE TRIBUNE, RATZS OF SUBSCRIPTION (PAYADLE IX ADVANCE). Dally Rditton, postpaid, ] sear. Parta of sear o ¥ ress FOUN WKTT 4 o ailed {o any ade 1.00 junda, ition: Litorary and Keliglon: bheal... 2.00 Tri-Wee) ald, .60 paid, Partsof year at game rate. WERKLY EDITION, FOATPAID, ear, wileh we will Srepas. Bpecimen coples sent free. T preveni delay and mistakes, be fmre and git ®hos addresa Lx foll, {nctuding Rlate and Cous Remittances may be made either by draft, express, Past-Ofios order, or in registared letters, at nurrick. TERME TO CITY MIBRCRINENE. ey, delivared, Bunday stoopted, 21 csnta por meek, o i . ) cents per woeks rored, Bundgy Include cente pee_us . 16 TRIBUNK GOM. Oarnse Madison and Dasrhorn.ata., Chicago 1. f AMUSEMENTS. MQOLEY'S THEATRE—Rsndolph atrost, between Clark and LaSalle, The Californis 3linatrels, After- &ooa and evening. MOVICKER'S THEATRE—Madison stresl, batween Dearborn and Slate, Engsgement of Edwin Booth, “ King Lear,” ADELTII THEATRE—Mosroe sireet, corner Deare bcxrrnl . Varlety snterisinment, Afterncon and sven ing. SOCIETY MEETINGS. AMICHAEL SIANNON—Ditiston No, 4, A, O. 1. Allmembers of Lhe Order are requested to atyedd in fuli regalia. The funeral services will ba st § o'clock, All membars will meet at 65 Heury-at, The (hieage Tribue, ‘Wednesday Morning, April 10, 1876. Greenbaoks nt the New York Gold Ex- thange yesterdny closed at 88} Tho people of Snn Francisco yesterday ap- pointed threo delegates to proceed to Wash. ington and Iny befors Congress tlieir preciso vomplaint in re An Sr; Secretary Bristow bas issued o circnlar (published elsewhere in this issuo) giving full information as to the mode of exchangiog fractional currency for the now silver change which the Trersury Department is suthor- ized to issue under the act of Congress re- ceutly passed. A committeo of the Toronto Presbytery has ‘been compelled to recommend the expulsion of the Rev. Mr, McDosxzr from the Church, for the reason that they gravely doubt his asseverations thot he believes in that sul- phureous, incandescent, and everlasting por- dition of sinners which is the ealm reliance of gll good Presbyterians, That the impeschment managers are new to the business is shown by the fact that they are still unassured of tho success of their prosecution, They are still taking testimony in support of the articles preferred ngainst the ex-Secrotary, but the character of tho mew evidence is not mado known to the pub- Tie. Whether they will bo prepared to pro- ceed to-dny, the time to whick tho Tmpeach- mont Court adjourned, romaina to bo scen. A conteated election case wos yesterday de- cided by the House in favor of colored Re- publican and against a white Democrat. Tho case was porfectly clear, as it must have boen to secure u unanimous vots in the Com. mittee and a concurrent votuin the House in favor of seating lIAnarsow, of Alabama, endrejecting tho claim of his Caucasinn com- petivor, The latter had no shadow of right to the soeat, and his only showing of right wos obtained by the perjury of his witnesdes, who, curfously ewough, wera Republicans, but whoso perjury, of conrse, was bought with Democratio money. The whisky men are said to be manufactur- ing nnother story to be used for the purpose of dragging Mr. Bnistow down to their lovel, if such o thing e possible. It is intimated that the coming yorn will be located in Texas, and will have nerther o hog nor a mule for its leading character, but dark hints are thrown out that the Secretary knows something about n certnin Construc. tion Company which the concoctors of this third serisl havo renson to beliove he should not know. The nerves of Mr, Brintow aro ‘believed to lie still in the most healthy con. dition, and he has not as yet been obliged to resort to valerian tes. Bergeant.at-Aring, appeared befors Justico Cantren, of the District Supreme Court, yes- terday, and, after an inforianl hearing, the case was postponed nunlil to-duy, KiLnovsy in the mesntime to rewain in the custody of the United States Marsbal of the District. ‘The stubborn witness will, under these fo- vorable circumstances, probably huve two or thres squaro meals, his roputation as an epi. care precluding the supposition that Lo tukes to prison fare naturally, It is oxpocted that Judge Caprrer will dischurge the prisoner from the custody of the House, and thut the question of disputed jurisdiction will go at once to tho United States Suprems Court for adjudication, It is almoat enaugh to yeconcile us to the heavy expenses of our small navy to consider the heavier expenses of ths Engliah navy, but, then, it is a big one. In 1876 {he ex- ponditure on account of the latter was $55,- 925,000, which, it is said, will advance this year to $36,944,500, whilo for the samo sev. vico during tle same period we shull be called upon to pay less thon #21,000,000. One fruitful sonrce of the enormous expendi- turo by the English Governnent grows out of the fact that it will not Luild ite vessels by contract. Nearly all the veusels now under construction are armor.plated irop ships. As weample of thelr coat it is stated that the holl alons of the Alexandra, which iv to be ready for saa next January, will cost §2,055,- 000, ‘The party of reformn in the National House ©f Roprosentatives has begun to feel gick at tho stomach and to experience tho neccesity of & herolc dose which shall purge its system of some very distressing impurities, There are no less than six of the Democratio officors of the House now under o cloud. Barty, tho Journal Clerk, who o unwortbily suc- ceeded the venerable Daroray, i to be boanced forthwith on account of Lis bounty. clalm busineas, and his susistant i in trem- bling expectancy of dlsmissal by resson of the fact that he was tried by Gen, Jok Hooxzs, found guilty, and served out a sentence for bsving encouraged acd abetted desertions from the army, A doorkeepsr was yester. dey retired from service for bad behavior, and another officer, sald to bave been in. dicted woro than once for grave offenses, is to be brought to book shortly. Then there Is Bovantow, Clerk of the Military Com- mittos, and Gaxxy Avius, Clesk of the House, both under Investigation by different Omumittess. How many others there are THE CHICAGO TRIBUNE: WEDNESDAY. APRIL 19, 1876. the Worid inform us what New York hes done townrds reducing *physical hazards? Only a short timo ngo tho hotels of that city wero offlcially pronounced to Lo fire-traps. Tinvo they boon made secura? In the recent Iargo firo in Now York, which was trivial as compored with our conflagration, it was found that the water-supply was insufliciont. 1lave any steps boen takon to increase it? At tho sama fire it was discoverod that the Firo Department was improperly organized, and that tho condition of discipline was simply disgraceful. What has been dono to remedy thesa physical hazards? Will the World an- swer theso questions, and anawer them satis- fnctorily, efore it proceeds any further with its unjust abuse of this city? When the World can show that Now York is better or even ns woll protected agninst fire as Chica- g0, it will ba pertinent to criticiss the latter. At present, however, such criticism is sim- ply impertinent, go editor was not for the purposs of oconsid- ering the seandal printed in the Indianapolis Sentinel, and much less of devising moans for making that scandal publio; that, ko far as Mr. Brusr was coucerned, it doveloped the most friendly interest in him ; that ho was fully informed of the discussion as far as it related fo him ; and that it was primarily in tho interest and for tho good of the Ropub. lican party. As long ns men conspiro fairly to that ond, the (Hobe-Demacrat certainly ought vot to complain about it. quost of a million of doliars by Mr, StEwant to Judgo Hirton, and his payment of that sum to Mrs, Brewant, the narrangemonts were unquestionably made by Mr, StewARt bafore his death, It would linve been A sim- pler transaction for him to havoleft Mrs. STRWART A sum oulright, sufficient for hor wants, and hor dowry, and then boqueathed the businesa ontright to Mr. Hirrox; but in making bis wifo tha dovisee and logatco of tho property, thera was ot least o courteous and delieate recognition of her, Al that re- mains now, however, of A, T.Brawantis his namo upon the sign-boards and bill-hends. The vast property has gona into other hands. Otbor hends must now plan and exe. cutq, and tho huge profita flow into new channels. Whethor the business will bo ad- ministored any more judicionsly or whether its income will bo used niors beneficently ro- mains to ba seen. 'Thern is an indofinite on- nouncement that Ar. STEwAzt lad chorita. blo schomes under consideration, and that they will bo carried out to eomplotion a3 he intended. Time will tell whether this is to be so, At present Mr. Stewart's namois attached to no great charity, to no project for the nmelioration of the condition of man- kind. Ilis great business hns beon left so that it is his only monmmont, and on it he ks writton his namo without farther pancgyric, who eught to be investigated no one oan toll, but the showing up lo dato is bad enough. According to geueral expectation, Prosi- dent Grant has votoed the bill reducing the salary poctaining to tha Presidential office from $50,000 to §25,000 per anuum. He could do no lesa, in justico and consistoncy, after having approved tho law imaking the increase, The salary of §i0,000 iz nono too {argo for the President of the United States, In the present depreciation of the currency wad the incrense of tho current cost of living, 30,000 is no more than BreuaNax's 825,000 ; certainly notso muchas the compen- gation received by WasmiNaToy, JEPPERSON, Anams, cte., in whoso day $1 hnd a purchas. ing capacity two or threo times ss great as {hs poper dollar of to<day., The bill to reduce the salary to $25,000 wna a partisan measure of demagogism and spito—intend. ed both ns political capital and as revengo for tho enforced relinquishment of tho Con- greseional salary grabs. Thero was neither justice nor merit in the bill, and it onght to pave been vetoed. THE LATEST PACIFIC HAILROAD JOB. The managers of the Union Pacifio Rail- road and of the Central Pacific Railroad (the Iatter including the Western Tacific) Lave before Congress au cxtraordinary proposi. tion,—extraordinary even in the history of Pacific Railrosd legislation. These roads re. coived from tho United States bonds, the ne- count of tho principal nnd interest of which, on April 1, 1876, stood ns follows : COLVIN'S FUNDAMENTAL ERROR. Instead of giving any valid reason for re- fusing to nccede to tho popular demand for bis resiguntion, tho Ad Interim merely availed himsolf of the opportunity to attack er cathedra the administration of his prede- cessor. ‘The basis of Couvmv's lotter to the Committeo is found in the following sen- Unj Company, Tonds, int Central Paciflc,, ...$27,833,660 11,4 43, Unlon Pacitic,. o 31,206,512 V035,631 30,200,143 Theso Companies also recnived a donation of land equal to 12,800 acres per mile for tho whole length of the respcbtive roads, aa fol- lows : Company. Contrai ComPADYuvesvae « "T'he voto polled yenterdsy }Br‘ Mr, ‘I'noas Hotsr for Mayor raices n unow aud im- portant question on the subject of tho suc- Hiles, Aores, cension to CoviN, Tho charter provides that | tonco : Caton Facifle Companysess 1,03 w600 | 1t in fortunato, however, that this business, when o vacaucy exists in the ofico of Mayor | In November, 1873, I was elected by s majority of Totat 5ot 2t | although conducted for personal profit, it shall bs filled at the next regulsr election for city ofilcers s but when the unexpired torm of the offico is less than o year tho vacaney shall ba filled by tho Common Council, who shall elect one of their own number to serve out the remainder of tho term, It has been earnestly urged that, thero being no election for Mnyer, the new Com- mon Council wonld have the.power to elect one of their own number Mayor, and in several wards gentlomen were voted for as Aldermen with a special view to their ftness for the oftice of Mayor. It is now under- stood that Mr. Hoxxe will claim to have been oclected Mayor, aud the grounds of the claim ave: (1) That avacancy existed by the adop- tion of tho now charter, which pravided that tho persons then in offico should continue to act until the next election for city oficers, (2) That & vacaney existing, it was tho right of the peuple to elect a porson to fill such vaeancy at the next election, there being moro than a yenr unexpired of the term, (3) ‘That the failure of the Common Council, or of the City Clerk, or of all othier officers, to call such clection for Mayor, or to give notico theroof, eannot defeat the right of the people to hold such election at tho time prescribed by law, and such election is s valid ns if such notice had been given. (4) That tho election baving Leen duly held, it becomes n fact, and no refusal by the judgoes of election to malke returns, or of the Common Council to canvass such returns, can invalidate such election or defeat the popular sction. ‘These —and there may be other points—are to be relied on a8 sustaining the claim of Mr, Horxx to be the duly.elected Mayor, and, if the existence of a vacancy at all is a legal fact, the claim is otherwiss & strong and possibly an irresistiblo one. over ten thousand (10,000) to the office I now hold by the auffreges of the people, irrmapective of party, wiio hadl become heartily disgustod with the sdminlstration of affaira by Mz, MEDILL. 'The obvions auswer to thiy, in connection with the demnnd of the peoplo of Chicago tuat Coxviy shall rotire, is that the satisfac. tion or dislike of the peoplo with the pre- vions edministration is in no sonse responsi- ble for the contempt in which Cotvivs ad- winistration is now held, and that the large majority by which he was elected only serves to confirm the completeness of the reaction which now prompts a larger majority to de- mand his resignation, As to the position CovLviy now oceapies before the people of Chiengo, tho plen ho makes in his lotter is entirely irrelevant, aud it attests his inability to justify his moral or legal claim to cling to an offico eightcen months beyond the time for which he was elected. But Corvin's letter serves at lenst to bring to tho surface the fundamontsl error of his administration, viz. : a misconception of the will of the people in voting him into office on the issuo prosented in the fall of 1875, Thero was but one issuo in that clection, and that was whetlier or not the old Synday or- dinanco should be retained or repenled. The people voted thot it should be repealed. But Couviy, true to his own instincts, iu- ferred that the people bad also voted o freo licenso to the gamblers, prostitntes, pimps, confidence men, bunkoists, mock auctions, Peter Funk establishments, and the loafers, shoulder-hitters, roughs, and all other erim- inal classes, Ho extouded to theso peoplo the freedom of the city, and Chicago has been overrun witll them ever sinco, 1lo hos gono even further, and given these classes o dominating influenco in local politics, whereby the ballot-box hes been corrupted, the honest voters disfranchised, nnd the tax.psyers plundercd. That tho people in voting for the ropeal of tho Sundny ordi- nance did not voto for tho repeal of all the laws against the criminal and dangerous closses is now manifest in their demand that Couviv, hoving extended theso classes froe license, shall abdicate his usurped power of continuing thoe ssme vicious and disreputable policy. As to Corvrv'a allegation that the people of Chiesgo by a majority of 10,000 wero * heartily disgusted with the administration of affsirs by Mr, Mepire,” such an inferonco is scarccly wamantablo from tho fact that there was a majority of 10,000 in favor of ro- pealing the Sunday ordinance, Tha Mayor was an cxcentive, not a legislative, offl- cer. It was the Moyor's duty to enforce the laws as ho found them; he could neither make nor repend them. Ho vould not withe out violating his oath enforce some of them and refuse to enforce othory, according to his own preference or the preference of other persons, It was au rauch his duty to compel the observance of the Sunday ordinance ns of tha ordinance sgainst gambling, He enforced bath, as was his sworn duty. The prohibi. tion of the sale of liquor on Sunday way en- acted twenty yenrs provious to that time, 50 that lLe wss in nowise responsible for ita origin, IHe had no discretion, ay an exccutive officer, in the mat. ter. He could mnot enforco it as againet one clasi and not ogainst another, The *Mayor's bill” went into force on July 1, 1872, and it threw upon the Mayor the whole responsibility of enforcing the city lawe and ordinances. The clty wea crowded with tepd of thousands of new- camers, ttracted by the demand for labor to rebuild thg city, and mapy of them were the samo clags of roughs, und gamblers, aud thieves who flocked into the city subse- quently at CowviN's invitation. Any laxity in the oxecution of the laws would bavae sub. Jected the city ot that eritical period to serious dangers of life and property. Every asloon-keapor, in taking his licenso from the city, had eutored into u contract, with the gunrantco of two sureties in tho penal sum of $500, not to sell liquor on Sunday, ‘The Mayor simply required from thern the fulfillment of their part of thia con. tract. He could do no less without violating Lis oath to enforco the Inwa. . But the disgust of tho people with Cot. vin's adminlatration, which prompts thom to unite with one accord and without political distinetions in demanding his retjrowent, is not becausa ho has énforced the laws, but be- causao lia has not enforced them, With equal power and equal rosponsibility he has as- sumed tho right of setting aside not merely is in itself a compulsory charity, It gives employment to many thousands of people, supports them and their families, and thus indiroctly contributes to tho gencral storo of happiness and prosperity of the country, and the poorest one of all thesa thousands is richor to.dny than A. T, Brzwanr, Sucha vaat business as thisisin some sense o na- tional institution, and from this point of view Judge HirtoN has accepted not alone great opportunities for profit, but also great reeponsibilities, in the treatment of which he will be very closely watched by the whole public. Horetofore slthough he waa Mr, SrewanT's factotum, Le was irresponsible, cxeept to Mr, Brewanr. Now he is placed in a position where he can make or unmake himself with equal facility. ‘I'ho Companies now offer to Congress that the United States shall take all tho land thus granted west of tho 100th degres and the Btato linc of California. The Unlon Pacifle proposes to retain all the lond between tho Missouri Iliver and the 100th degree, n distance of ahout 200 miles; the rest it asks the Government to take back. The Central Company offers to reconvey to the United States all the lands lying in tho State of Novada and the Territory of Utals, The smount of land proposed to be re- torned to the United States by the Central Company (including the Western Pacific Company) is 20 scctions per mile for 09 miles, or 7,795,200 acres. The amount to be returnad by the Union Pacific Company is 420 sections per mile for 833 miles, or 10,612,400 ncres, Both Compannies ask that they be allowed for this land st the rate of §2.50 por acre, ‘The land taken by the sev- eral Companies for town sites, stations, shops, add other purposes, or sold by the Company, is to be deducted at the samo prico per acro. 'Tho offer, however, substantially ia to sell the Innd granted to the Company back to tho United States at the .rato of $382,000 per milo of the rond from the Cali- fornia State lino to the 100th degres. The Lond subsidy to the Central (including the Western Pacific) wns at tho averags rate of $32,000 per mile, and to the Union Pacific at the averago rate of 316,316 per milo, This amount was snflicient to build tho wholo road, Tho Companies had issued their own first-mortgage bonds to an equal sum, and the Governinent bonds were clear profit, and wera divided np as spoils amdng the Ring. They now propose to sell back the land to the Government at the rate of $32,000 per milo, The Union Pacific Railroad Company offer to sell back 10,642,400 acros of lnud at $2.60 per acro, amounting to $27,000,000, and the Central Pacific offer to sell back 7,795,200 acres at the samo price per acre, amounting to 819,488,000, theso sums to be credited to tho respectiva Companies on the books of thio Tyeasury, and to bear interest at the rato of G per cent until such time ns the principal and interest compounded shall equal the sum of the bonds and the nocrued interost; and after that dato the respective Companies are to be 'forover discharged from any furthor linbility for such bonds and irterest. The Central Company offer in addition to pay into the Tressury semi.annunlly asum of money to be added to tho sivking fund created by the proceeda of the lands, tho in- terest on tho whole to bo compounded. The offer of the Union Pacific Company is sub- stantially thio same, It would take but a fow yearn for the fund thus created to oxtin- guish the wholo lability of the latter Com- pany. This proposition is so bold that i‘s very offrontery staggoers criticism ; and tho ques- tion arises, why thess Companivs offor to gell tholand to the Government ot $2,50 per acre, when by demanding $5 per acro they would extinguish their wholo debt tmmediately, and lavo o handsome sum of nearly twenty millions of dollars duo to them from the United Statos, It would cost these Compa. nics but a fraction’ more to have Congress allow them 35 per acro than it will to have Congresa make the purchase at 32,50 per ncre, or to moke the purchase at all, It may be not out of place to say just here that wost of tho 100th degroe of longitude tho lands aro worthless for agricultural pur- poses, und, excopt for town aites near water~ courses, with an occasional doposit, of cosl, they aro not worth Z0 cents an acre for pro- ductive uses. CHEAP MONEY 'W INTEREST. The recent convention of shinplaster advo- cates held in this city gave an opportunity for the presentation of soms of tho theories of that absurd party, and of the ressons by which thoy aro supported. Mr. Jauzs Bu- ouaxAN, of Indiana,—the prospectivo scrip candidate of the party for President,—ina long argument, thus expressed himsclf on the -subject of low rates of interest : First is the spocis-payment bank, ons of fhio most ingenious methods 10 rob labor that was ever devised. Tho contest to-day 18 between Government lasua direct 21 thie monopoly of the sama paper-monay by bank- {ng nstitutlons. The contest that fa mow upon you and that you must decide and express within the com- {ng elght monthis fs s towhotter you will bave this bot- tancurrency ata low rate of Intarest or whether you will poy to these corporations a lugh rata of lnterest, The only question ia how you will hav thls paper- money fasued and what 1t shall be, The contest is be- tween the greenback and the bauk-note, 1t will bo noted that the bank-note which is exchangeable for coin on demand is pro- nounced the most ingenious of all methads to ¢ yob labor,” and na o substitute for such notes it is proposed to issue paper-monoy by the Government, The Government paper- money isnot redeemablo by the Governmont. It can only bo oxchanged at tho grocery, the ment market, the dry gdods atore, and tho broker's office, for just so much groceries, 1neat, dry goods, or gold, na the grocer, butch- er, merchant, or broker will give for it. The valua of the paper dollar is measurcd by tho amount of gold coin obtainable in exchange forit. The wholesale grocer who has to pay for his sugar in gold solls his sugar to the rotail grocer at such prices in greon- backs as will enablo him to con- vert those greenbucks into gold, adding thereto s lorge margin for Buctnations. Tho consumer pays both the doprociation and the margin out of his wages. If wo had specie-paying banks, whoso notes wero cx- changeable for coin, thon those bank-notes would purchase as much sugar s the samo amount of coin would do. A men working at $1.50 per day would soon discover whether the specie-paying bank-uoto or the irredeem- able groonbnck robs labor. A week's wages in greenbacks will purchaso the equivalent of $7.65 in grocerica or othor merchandise, whilo the specio-paying bank-notes will pur- chaso $9 worth of the samo articles. Count~ ing tho days of Inbor at 312 in a year, the aonual wages will smount to 9468, and if paid in specle-paying bank-notes will por- chaso the equivalents in yards, or pounds of merchandiso, to that amount, while, if thia swun of wages bo paid in irredeemable Gov- ermment papor-onoy, itwill purchise at the rate per pound und yard the equivalent of only $397.60. Whichform of currenocy is it that ““robs labor"”? \ Expootant-Presidont Buomanax tells the country that within the next eight months must be decitled whether there shall bo a na- tional currcnoy at “a low rate of interest " or a bank currency *at a high mte of inter- est.” Mr. Bucnanaw evidently, when he ven. tures boyond tho ordinary clap-trap of paper- money logie, finds himsel? wading in water too deep for him. Interost is a matter nob dopendent upon the fact whethor mouoy ia jssued by tho Government or the banks, Money in fact is but a means of oxchange, A loan of money, substantially and practical- ly, is o loan of the property to purohase which tho money, is obtained. Tho monoy sorves maorcly to facilitate the transaction. A man wauls to purchase hides and lacks the money ; he borrows the money from a man who has no hides and then pur. chasea the hides. The man who londs the mouey asks and the borrower pays such rato of intercst as can be cbtalned for the samo mwoney loaned to other partics, To oll THE ELECTION. ; The election yesterdny resulted in' the choice of tho Republican candidates for city officers, oxcept for City Trensurer, Mr, Crastox Baioas, the Democratic candidate for that office, baving a very decided ma- jority. The vote for Mayor was not reported from all tho precinets, some of the judges assum- ng that to do 8o would invalidato the elec- tion. 'Tho Republican tickets were mostly printed with a blavk for Mayor; this waa done lest soma person might claim Hoynr's eloction o5 n Democrat. Other persons thought that it was useless to vote for Mayor, no election baving been called for that offlce. The result of the election mny be conaid. ered o peaceful ravolution of the City Gov- ernment. The new Cauncil will contain many of the best citizens and most experi. enced business men of Chicago. 'The Board will be niostly compored of new men. Of those who voted to continue Corvix in office, but very fow hiave baen re-clected. The new Council will be strongly in favor of reform, and as strougly opposed to Cotviy, and in favor of his ejcotion from office, Party lines wers completely ignored, aud the inde- pendent voter vigorously excrcised Lis privie leges in every ward, In some wards, as in tha First and Second, the reapectable eiti. zong of both parties united on the same Aldermanio ticket with sdmirable success. At the time this page gocs to press we have not tho full returns of the Aldermanio vote, bt enough is known to Justify the assertion that the power of the criminal clsss is broken, and their representatives in the next Council will be & emall minority. ‘I'he rosult of the clection i3 very encourag- ing. It shows what tho people can do when they muke an offort. The result of the vote in the First Warad is of itsclf a groat victory ; it destroys the power of the infamous gang which bas exercised such a corrupting influ. encu on the genoral politics of the city, Tak- ng it ultogethor, the peopls of Chicago may reslc;iu henrtily over yesterday's work at the polls. THE NEW BOARD OF ALDERMEN, ‘I'be following persons wers elected yester- day, and will constitute the new Board of Aldermen. We give the names 50 far as thoy were known at the time we write : THE OREAT MERCHANT'S SUCOESBORS, 1t is now definitely sottled that the vast es. tato of the lato A, T. Brewany pnises uuder the control of Judge Hexny Hivrow, partly a4 agent snd partly as owner, tho widow laving given him full power of attorney to manage her own estate, and having agsigned for the consideration of 31,000,000 all her lata husband's interest in the business of A. ‘I, Brewart & Co, The doteils of the as- signment show that for this consideration tho widow transfers all her right, title, claim, and iotercst to all the property balonging to the Iate finn of A, T\, Srewant & Co. wher- ever situated nnd of whatover kind. This includes, in addition to the store in New York City, the stores in other citios in the United States and Europe, fourteen milly, the improvements at Garden City, L. Wards, 1, D, K, pPesraon, 4. T, MeAuley, 2. Jacob Nossuberg, Addison Hallard, 3L empros 7. 3, 1, Hildroth, Frank Lawior, acob Beldler, oarge Whito, 11, J, B, Briege 13, HCHL MeC 16, ¥, Niesen, the Bunday ordinance, which was repenledin | L, tho Grand Union Hotel st Harn. | loans thore s londer as well as a borrower, le.x l‘:‘n::_;nh?anb. deferanca 4o & vota of the people, but also | toga, the carpet-mills ot Glonham, | but Mr. Bucmanaw thinks that the lendor is . 1. g i the ordinances which wera not repealed. He bas fuiled to exccute the laws against the criminal classes, but has preferred to use them 8a a political elemient for stuffing the ballot-bioxes and prolonging his ofticial term, S TEemee— The St. Louiy Qlabe-Demoerat, with more zcal than discretion or knowledge, pretends to rush to the defense of Mr. Brank with an attack on tho editor of the Cincinpati Gazette and the editor of Tur Cutcaco Trin. uNg for conspiring to break down Mr, Buaing a8 Prosidentinl candidate! If the @..D, had congulted either tho interesta or wishes of Mr, Braineg, we are persuaded that it would not bave printed so foolish an articls, for no ono knowa batter than Mr. Lramx its ab. surdity and falsity, The trouble with the @..D. is that which not infrequently happens in nuwspaper offices,—it uudertook to give the publio information about a matter of which it knew absolutely nothing itself, To quiet its apprehensions, and spare it from new errors about this wubject at least, we can adsure it that the so-called * conference " betwean the Olnclunati sditos and the Gliles. N. Y., sod other property, but doos not includes any real estate in the City of New York, Au the particular consideration for this somewhat unique transfer, the assign. ment states that it is made to carry out the wikhes of Mr. 8TEWADT, ko that the businoss may continue a4 if ho were living, and that his unexecuted arranggnents and contracts may be completed, The transfer was made on the 14th inst., and on tho same day the now co-partnership was formed between Hesny Iizon snd Winnsay Lisuey, under the firm name of A, 1. Srzwanr & Co,, “for the purpose of conducting a general mercan. tila business in the City of Now York, and in tho Cities of Boston, Philadelphia, Paris, Lyons, Manchester, Bradford, Nottingham, Bolfast, Glasgow, Berlin, Chemnitz, and clsewhere in tho United States, and in the Kingdom) of Great Britaix and Iroland and on tho Continent of Europe and other forelgn countrics.” In pursuance of these srrangements, the great business has gone on without stopping, fust a8 if Mr. Brxwanr ware alive, and will sontinus 80 10 do, and from the fact «f & be- a cipher in tho transaction. He says the people must decide whether thuy will pay banks o high rate of interest or have s Gov- ernment currency at & low rate of Interest. He faila to explain who {8 to lond the Gove ornment ourrency. Are tho banks to lend {t? 1a there to bo a misslonary body intent upon the amelioration of the eondition of borrow- ers, who are to carry the greenbacks around the country to lend thein at a low rate of in- torest? Whois to lend the money? Who is it that s to bo able to disregard the market prics for the hire of money as to place it “at & low rate of interest"? Whatisa low rate of interest? I it sight, 7, ¢, 4, 8, or 1 por cent. The only possible explanation off Mr, Buoninax's and the psper-monoy party's outgivings as to lending paper-monoy is that the Government i to lend as well as make the money. It must be remembered that this party no longer proposes to issue notes or promises to pay; it has gone past that point, It proposes to issus *‘money™ instesad of notes; ‘‘money " instead of promises to pay money; aud this taoney I8 to be eteatsd by Whenever the New York 1Wor/d gets hard up for a subject for editorial comment, it takes ap Chicagoand pitches into ber, Hav- ing recently discovered the quashing of the indictment in tho case of the al- leged inceudiary, NicmoLis Srtaapew, it make that the theme for half & column of jin. discriminate abuse of Chicago with reference to 1t exposure to fire,~tho same old subject upon which it has been harping ever since 1871, 1t is noticeable however, in this in. stauce, that tho World adinita that “her citizans are entitled to due czedit for all they have done to reduce the physical hazard of risks in that city,” and * Chicogo bas done wmuch.” Having becn compelled to acknowl edgo this, it has now comwenced s fresh line of attsck, and churges that Chicago hins done nothing to reduca the * moral hazard.” Thisis cool. Will the World tell us what New York has done in the way of reducing the moral hazard of risks in that city, and what per cent of Incendiaries are arvested and puniahed? Having done this, thea will stamping on a piece of pap dollara” and **This ia a lognl tondor in all payments” for ten dollars, no redemption, beentso the Jssne of thoso printed papors from tha printing-ofites, Kire tho Issua of gold coiny fromi the mint, in final. tho grand capitalist to loan monoy to the people, In tho absence of any explanation 8a to the mode by which tho Government is to lend monoy, and upon what security, and npon what torms, we forbear the discussion of ever, very immnature ideas wupon of rates of intorest. Mouoy iteelf has o value equivalent to what it will buy, If $000 in gold will buy 100 harrels of flonr, and $500 in paper-mopoy will buy only 76 barrels of flour, then the loan of $500 in gold at 6 per cont intorest is in fact a lower rate of intercst on the equivalent valuo of tho loan than the loan of thoe 3300 of pnper- monoy at b per cent. If Mr, Boomanan can succeed in having paper.monoy reduced to 60 centa on tho dollar, the man who borrows it at 4} per cont will pay & higher rate of inter- cston tho valio roceived than if ho poid 6 per cont on the same number of dollars in gold. , The valno of greenbacks may be run down to as Jow as 20 conts on tho will num intorest will est on tho actoal voluo received as if he had borrowed an equal number of gold dol- lars ot 10 per cont intorest. Tho theory of low rates of interest is inseparably connected in tho minds of these people with an sbun. danco of cheap money—a supply that can be increased by meroly, putting tho printing- press in operation. Thoy overlook the fact that monoy bas a value only to the extent that it represents property. wheat, iron, or gold will the money buy; and a8 what is called *“monoy” declines in "Thers is to b8 The Government, therefors, is to bo this think BMr, point. We, how- Buocuavay must have the subject the borrower who 2 per cont per ane pay aa high inter. dollay, and take it ot Ilow much valuo,"thent interost on its use incroases pro- portionately. We submit to these people that ag there is such a thing as monoy too abundant and too cheap, so there may be such o thing a8 an oxcessive chargs for in- erast at a nominally low rate. GRAIN PROSPECTS. Contrary to tho expectation of a great many people, the marketa for flour and grain have recontly taken o decidedly upward turn, owing to s improved demnnd. Al through tha winter, and so much of tho spring as has already elapsed, it was argued that the stocks of flour and wheat in England, and at tho principal points of accumulation in the UQL ed Btates, woro 80 large ns to neceasitato n fall in prices when the opening of navigation should permit a general forwand movement towards the consuming markets of the world. “But, at present, the case is just the roverse. A good demand hes sprung up, in spite of tho large stocks, which have not yot' beon much reduced; and the shipping movement bids fair to open up briskly whon tho open. ing of the Straits of Mackinaw is sunounced, which eaunot be much longer deferred. Thero is undonbtedly some speculation in the domand. People do not buy whole car- goes of grain with tho intent to eat it thom- selves. They buy to sell to others, and would not do so without tho prospect of a profit. But so far as can bo ascertained, tho demand i8 of that kind usually called logiti- mate—tho grain is sctunlly wanted for con- sumption. Large purchases aro now being made for the supply of interior points, in addition to that for Europs, which bids fair to be steady nud porsistent, at lesst into the month of July, The prospect now is that, with light receipta till after the planting seca- son i over, the rather large stocks at Weat- ern points of acocumulation will be reduced to a small volume, making the summer for- ward movement a healthy one, ‘Wa note that Baltimors alons is now ex- porting corn at tho rate of 2,500,000 bushels permonth, The buniness through that cityis increasing moro rapidly than at other pointa on the seaboard, but the aggregate of all ex- hibits o sotisfactory sugment. The total ox- poris of flour, wheat, and corn from the four leading Atlantio cities dnring last weck oqualed 1,965,885 bushels, ogainst 1,472,488 bushels the weok previons,~an increass of 84 per cent. The prospects for the next crop are yet somewhat doubtful, but not really bad except in thoso sections which aro 80 low and flat as to be almost without drainage. There is a good deal of water on the ground now; bub nono of tho frost of a year ngo. Unless tho farmers should be visited by moro rain the flolds will soon dry up under the rays of an edvancing sun; and tho seed-time will be fully a4 early as last year, though perhaps a little Iater than the average. Thoro need be no foar of poor crops unleas we havo really bad wenthor in tho future. ' Tho outlook is thereforn a favorable ons— not only for the farmers, but the whols com- munity, the welfaro of the one being bound" upon the well-being of tho other. The past few wonths have borne heavily upon onr com- morcial interests, business having been at a deadlock in most parts of the coantry, chief- 1y because of bad roads, But thoro is all the moro business to be travsucted whon the con- ditions pormit, and it is only reasonsblo to look for an active trade during tho summer and autumn, with that promptitude in pay- ment which accompanies the prosperity of a poople. 'The Centenuial bids fair to bo mot only a Jubileo at Philadelphia, but one of real proaperity to the country as & whole,—bring- ing good crops, an active trade, a diminution of porsonal indobtodnoss, and a purification {rom the corruption that Las so long festered In our loca! and national politics, Bome of the Washington correspondents havo thought it worth while to send out an omphatio donial of tho-rumor that the Prosi- dent intends to gend Gen. Souevox back to England as the Minister of the Unitod States,” This wes a silly rumor, and no intolligent and candid porson ever supposed that there wag sy truth in it. If, as s further intis mated, the report of the Committeo shall merely condemn Gen. Scazxox's conduot on tho ground of ‘‘indiscretion and impro- priety,” bat sball soquit hin of knowingly becoming o party to the fraud practiced upon the Eoglish ecapitaliste, it will bo the most thats Gon, Bcuznox can reasonably expect. It would be eminently unbecoming in the Prosident of the United States to * vindi. cate " a man for * indiscretion and mpro- priety " by sppointing him Minister to En- gland, and of course thers has mevey been any intention of doiug it. emmt——— The Democratio House of Represeatatives were saved, on Monday, from s most disgrace. ful climax of arbitrary power, by the unani. mous ald of the Republicans, The case was that of Kxzsoua¥, who had refused to snswer certaln quastions saked of him by & Commit. tee of the House, sud had been adjudged by the Howss to be In canlempl, and temandect Jounsox do not beliave it. to tho ocustody of the Bergoant-at-Arms to be Xep in jail until he hsd purged himsal? of acontempt. Kiunounx had obtained from It Oourt of tho District of Oolumbiaa writ of habeas corpus, and the question bofore the Houso was whother the Sergeant-al-Armg should produco the body of Kitsounw in the Court, in obedienco to the writ, or should re- fuso to doso, This aubjoct was debated all day, and seventy.five Democrats put thomaelvoy on record In favor of ignoring and defying and suspending tho writ of habeas corpus in time of peaco. ‘The good sonse of & sufl. ciont number of cooler and botter informed Domocrats, with tho aid of the Republicans, lowever, passed the order directing the Ser. gennt-nt-Arms to oboy the writ aud pro- ducs the body of Kmunounn in courd, is by no means n now case. Thia The statement madoina number of Westera nowapapers o the effact that Mr. Jomxsox, late ‘Trossurer of the Amerioan Press Association, is » dofaulter to s lIargs amount, appears to be wholly unfounded. Even the ensmlos of Mr. ‘Tha erroncons and crusl roport probably took Its tiso from the appointmont of a Committao to investigate 3r. JonxsoN's accounts, on the occasion of his ro. tiromen! m this office of Treasurer.. This action was takon at the suggestion of Nr, Jounsox, and the zosult was to prove him s faits- ful and eficient oilicor. —eee The National Educational Association is to hold ita noxt annual meeting at Baltimors, July 10 aud 12. The genaral ordor of arrangemonta ana programme Of exercisea will be lssued in cironlar form dariog tho month or May. On Thuraday, July 13, and tho two days following the first seasion of the International Educational ‘Copgre! vor held in the country will take place, Many distinguishod mombers from abroad will be present. The plan of the Uoue gress will b made publio at ao early day. To hiold on longer will merely briog tho office. grabber to grief. The people have eolemnly domand a new deal all round. They hiavo electod anew Council and also a now Mayor, directly or indirectly. If they don't get himon the ons line they will on the other. ‘Will Cor.vix now pt Long Jonn's propos tion and step down and out, when ths lattor pa; hia city taxea? This would bs the neatest thi) he could passibly do. He would thoroby ralse a henrty laugh and zetirs in the midst of popular good humor. —_—— Ald, Warnex was solomoly warnad by Tux TaIinuNE not to vole sgainat calliug sn elsction for Magor, but to act on the sido of tho poople ; but he followed the advico of tho Thicves' Or- gan, and now ho percelyes his mistake whea it is too late. —_— Upono the whols,"it would have bosn wisor for Ald. Drxox to havo supported tho soti-bummer ticket for Aldermon in his ward. Honesty je the best of policy, even for a ward politician, —_—— T 1t the Colvinites could nob carry the First ‘Ward, which e their headquarters, how in the namo of common senss did they expact to oarry tho other wards? Tolding on to officea atter tha time is out did not moes with much popular spproval st the polls yeaterdsy. FPERSONAL. Queen Viotoria will contributa to tne Centens nisl twenty etchings by herselt, Harper's for May contalns a dramstio sketch by Barry Cornwall never bofore publial Col. Valentino Baker’s prison book, *‘ Oloude in the East,” Ia 9ald to be written in good taste and with modesty. ” i Mr. E. V., Valontine, of Richmond, Va., bas placed on exhibition & bust of Edwin Booih modeled some montha eince. While at work on hla Jast picturs, Meissonier spent dsya mixing snow with mud fu order to got the proper effect for the wurface of his battloflald. Vienna Domoreot, daughtor of the New York milliner and dressmaker, has abandoned her {otention of making & carecy a3 s publio ainger. The quality of her voloe is unimpaired, but 1t bas lost alt power. A Fronch paraphrass of the familiar {njunc- tion *“Keep dry” appears en s case of fine goods Intended for the Centennial Exposilion. Tha 1nsaription in English js: ¢ Pleass bawars for it ot the humidicy,” A Mrs, Btarrott, who has beon lecturing in Eageas on ‘'Laove, Human snd Divine,” w quoted by the Leavouworth Times aa haviog said: “if Godbad boen » mothor, He naver would have wade & Loll."” Judge Claggot, of the Keokuk Congtitution, whove doath was annonnced Baturdsy, was a citizon and & jonrnalist of many years' stand- tog, The Iowa newspapers xre flled with testl- mony to his persooal aad publio worth, Rarl Blind writea to the London Netos that he belioves there ia no danger of tho posms of For- dipsnd Frelligrath boing soon forgotten, ** In- stasd of growiug less,” Blind writos, '* I am con- vinosd his name will, in that future tme * toward ‘which his face waa sot,' oven grow larger.” Mr, Edward Harris, of the Comatock Lode, & dariug croature, wont down in ths mine 1,600 feat with a party of ladies including Dr. Mary ‘Walker, and In that dresdful aitustion ho was se overpowerod by his feclinga that he sotually kissed tho Dootor. Bbe was highly indigusos, but forgave him oo the spot. ‘Tho iatest eative from the pan of the authior of “ Ginx's Daby," entitled **The DBiot on ths Quosn’s Head ; or, How Listls Boa, the Head Waiter, Changed tha Bign af' the * Queen's Inn' to * Empreas Hotel, Limited,’aod the Conse- quences Thoreof,"” was written aod printed, it i aald, in eleven honrs, Xt s meraly a clover newa- paper artlcle, and tha title is the beat part of it. A strango triple coincldenco came near haps pening in Washinzton Isst wosk. The 14th of April was tho doublo anniversary ot Good Frb day and President Lincoln’s aseassination, The parallal ywaa about o go further, by the prodacs tion of ** Qur American Couain,” fn which Mr, Bothern had boen playing, and which waa an. noupced for eix nighte and o matines, Out of reapsct for tho soloma ocosslon, tho play way withdrawn, sud snolhior substituted. Mrs, Koyser, wife of an ecoentrio millionsire, died in New York City on the 8th nst. Im 8oe cordanoe with lor wishes, tha funersl was coo. duoted without regsrd to expensa, The casked cost £1,000, and the flowers #4,000; the hearse was drawn by six black borsos, esoh horse cov- ored with & valves pall; six camisges for the mourners bad four horsos esch, and the retinue was mado up of soventy oarrisges, many of whlch wers unoccupiod, A Brooklyn ministar writes to the New York Tribune (o favor of having Tom Palue's bust exhiblted at the Contennisl, if any of his sd: mirers ara willing to pay for wuch an effart ol art, The arguinent of tha clergyman s thal Pains ssslsted a tho birth of the nation, snds however depraved his moral character migbt bave been, he in entitled to a faly ahare ef boos ar for the work ho did § mareover, the clorgys maneaye: “T would not object to the bust of the devi), provided bis friends would farnish i8.% Tho Albemarie Olub In London, of which ons+ balf the mombers atu ledies and one-bslt Rentlemen, bids fair to be & permanent sucodss. ‘Thiere aru separate club-rooms for the Isdies in the top story, and smoking-rooms for the gen- tomen. Both Sexes moot in the patiors coffoe-roome, T'us Club iv & greas convenience 10 merctiants whio may desize to attend places of smusement (n fne evening with their wives sod culldren, and b.y meeting st the Olab they can wve shesselyes ths trquble of a doubls Jourasy to their homie and