Chicago Daily Tribune Newspaper, May 24, 1876, Page 4

- @he Teibwe, TERMS OF THE TRIBUNE. RATES OF SUBSCRIPTION (PAYABLE IN ADVAROR). Postage Prepald at this OMoo. Dyl ey Mailed t%m&:fldduu four weeks f¢ Bunday Eh%‘l $13.00 . 100 2.00 0,80 gneenpy. per Club of Bve, D} Club ot txecnty, per copy. "The postage 19 18 cents & yeu Bpecimen coplea sent free. To provent dolay and mlstakes, be sre and give Post- Office adrens in full, Including Btate and County. Reilttances may be mado either by draft, express, Tost-Oico order, or 1n reglstered letters, at our riak, 7ERNS TO CITY SUDSCRISERS, Dally, deltecred, Sunday excepted, 23 cents per week. Oaly, delivercd, Sunday fncluded, 30 cents per week Adiress THE TRIBUNE COMPANY, Curmer Madieon and Dearbor Chlcago, Lil. T AMUSEMENTS, Acadomy of Moate. Ronth TIaketed street, between Madison an onroe. Varlily ontariatument. = Afterioon &ad SVCBIDE, New Chicngn Thestro. hetween Nandolph and Lake. Hooley's ‘Alterncon and evenlng. Clark stree Ainatrels. Iloaloy’s Theatre, Randolph street, hetwees Clark and LasSalle. Fn. gement of Daly's Fifth Avenue Compsny. " Pigue.” teraoon and evenlng. MeVicker’s Theatre. Madison strect, hetween State and Dearborn. genient of Maggle Mitchell, Vearithorne. " En- “‘Nannetts o' Wooed’s Museum. Montos skrcet. beiween Dearborn and State. Frank E. Afken {n **Bert;or, Ocean to Ocean,” Afternoon nd evening. ‘WEDNESDAY, BMAY 24, 1876. Groenbacks ot tho New York Gold Ex- chango yesterday closed at 89, ——— Closr and warmor weather ig tho pro- grammo Iaid out for us to-day by the metoor- ological seer at Washingtdn. — Another favorite son turns up just in time to save tho country. The Now Jersay Dem- oerats earnestly but respoctfully suggoest to thoir brathren of othor States that the momi- nation of Joen PinkEs would insure tho ruccess of the Democracy in the spproaching Preaidontial contest. The MuNN trial in Chicago and the Joxas trial at Milwaukeo are near their conclusion. In tho former, tho arguments were con- cluded, and the case will be given to the fury to-dny ; in the csso of Joxas, the jury were given leavo to bring in o sealed vordict, and their ogreement last ovening is knownto be upon o verdict of acquittal, — The impression has gnined ground thnt the *‘sudden and unexpecied” honor con- ferred upon Dow CaxeroN, by his appoint- ment as Sceretary of War, was a Presidentinl move in the Cowxrive inferest. But itis regardod as by no means cortain that the means will ‘produce the desired result—that of solidifying the Tennsylvania delegation for CoNxrrsa, There are rumors of a rup- Juroan tlis question, and itis quite pos- sible tha', the Caserox clan may not bo able to deliver the goods and chattels ascording lo con'.ract. Na interesting instance of intelligent dis- trimination in tho ndministration of justice 1s cited in & dispatch from Springfleld, Mass. A young married woman on trial for larceny pleaded guilty on four indictments, and yet was nequitted and liberated, while her hus- band, who wag only charged with having received tho stolen property, was given ton years in the State Prison. The explanation of tha matter is simple—the Court ascer- tained that the man was a professional thief, who hod used his young wife as a tool. — ‘When the Naval Appriation bill came up in the Houso ycsterday thero was a general Tush to the front of members represonting districts in which navy-yards are situated, and a goneral protest against the sholishmént of these expansive nursories of extravagance, corruption, and political intrigue, There- fore, to save the bill and prepare tho way for subsequent cutting down, it became neces. mary toresort to a clever compromise where- oy the sum of §85,000 is appropriated for iho eivil establishment of the varions yards, wnd tho Secrotary of the Navy is directed to ippoint & commission, consisting of the three righest officers of the Navy, whose duty it idiall be to report to the next session of Con- fress what navy-yards can be dispensed with wnd abandoned. S T—— A bugle-blast of reform is sounded from e other end of the line. The Grand Jury i the Criminal Court yestorday returned ndictments against PrrroraT, the celebrated sounty contraotor and *‘ financisl manager,” wnd Knusenry, Warden of the Poor-House and Insane Asylum, charging theso worthiea with conspiring to. defraud Cook County. Both Pemiorar and KIMDERLY Wcre &r- rested and held under heavy bonds for their sppearanca to answer to the ndictments, and thers is encouragement to dopo that the shameless fraud and corrup- don that have been so long practiced in tounty affairs will at last be dealt with vigor- ously and successfully by the Criminal Court, and that this good beginning may de- relop into the complets exposure and pun- shment of all the thisves in the County Ring. ‘The Btate Capital yesterdsy was the scene of a bustling erowd of delsgates, candidates, and politivians, who bad arrived in sumbers almost unprecodented to be on hand for to- day's Convention. Our dispatches convey a graphio picture of the field on the day and night before the battlo. The Gavernorship scoms to-be settled in favor of Covrom, who will probably receive the nomination on the Brst ballot. The Brveninax people began by sitempting & diversion in favor of wme new man, boping thereby to ron in their candidate; but, failing in this, they are rumored to intend springing upon the Convention certain dam- sging afidavits connecting Currom with whisky crookedness. It is doubtful, how- evor, whether this desperato and disreputs- ble scheme will be carried out. As to the remaining candidates, the situation is not so clear, although the chances seem largely in favor of Buvsman for Lieutenant-Governor, Bcnocas for Bocretary of State, Rurz for Btate Treasurer, Lireivoorr for Auditor, and Epaars for Attorney-General. It is regard- a3 cortain that the Convention will nok instruct for any Presidential candidate, but Ahat nearly all the delegates to the National Convention will be Branex men. e —— The Chicago produse markets were gen- mors active yesterdsy, and most of them were easlor, Mess pork was 85400 per brl lower, closing &t $19.97) for June and 020,15 for July, Lard was 25g300 per 100 s lower, closing at ALLEZ@11 40 for Juns ; LY ond $12,024 for July, Ments wore §o per ™ lower, at 7)o for boxed shoulders, 10¢ for do short ribs, and 10jo for do short clears. Lake freights wore dnll, at 2o for wheat to Buffalo. Rail freights were dull and unchanged. Highwinea wore jo higher, 8t $1.08} por gallon. Flour was in moderate domand and steady. Wheat closed 1}o lower, ot $1.05} cash and $1.05] for June. Comn closed Jo lowor, at 47}c for May and 46¢ for June, Oats were unchanged, closing at 31} cash and 80jc forJune, Ryo was firm, nt 69@70c. DBarloy was ensier, closing at 720 cash and 59jo for Juno. IHogs wero dull, nt 26@3% decline, closing weak at $6.60@ 6.75 for common to prima. Tho cattle trade was quiot, at Monday's prices, Sheep wore firm, Last Satnrday evening thore was in storo in this city 1,486,210 bu wheat, 502,207 bu corn, 283,587 bu oats, 61,108 bu ryo, and 133,639 b barley. One hundred dollars in gold would bny $112.50 in groenbacks at the closo. The Etening Journal publishos an inter- view with Mr. Hares, the late Comptrollor, in which that gontloman, if correctly report- od, mnles soveral mistnkes, Ho assumes: 1, That, ns a consoquence of his removal, the credit of the city will be destroyed and the city be dishonored. 2. That the Mayor and Council, and all who differ from Mr. Haxzs, ara roslly in favor of repudiating the city debt. 8. Thatit is very questionable whether Mr, Horve is logally Mayor,—so questionnble that he really does not know to whom he can band over his books and pa- pers. All of which is unworthy of Mr, Harzs, and is altogether childish, Thoro is no question that the City Conncil of Chiengo has confirmed the romoval of Mr, Haves and tho nomination of his succossor. It mnakes bat little difference what Mr. Havrs' opinion may be as to who is Mayor, %aig no longer Comptroller. He ean thero- fore very safoly hand over his books and pnpers to the person designated by the Com- mon Council. The AMayor question will bo decided in due time by the courta. There is 1o purposo on the part of any person to ro- pudinte any portion of the city debt, and, as the material resonrces of the city will not be lessened by the change of Comptroller, thers is nothing that he might lIawfully do which his succeasor may not do just as well. THE BOARD OF TRADE'S ANTI-CORNER RULE. Inaccounting for the considerabla loss of grain trade that Chicago is suffering, thero is one cause which has been ovorlooked, or at ‘least not sufficiontly considered. We rofor to the rule of tho Board of Trade which was adopted a year or moro sgo for the purpose of dofeating *comers.” This rule reads as follows: In determining the legitimate valne of property in cases of dispute, Its valuc in other markets, or for mannfacturing purposes In this market, to- gether with such otlier facts as may justly enter iuto the determnination of ita truc value, shall be considered, irrespective of any fictitions price 1t may at tho time be selllng for in this market. Pro- vided, that In cases of defaults on contracts for fature delivery, (f it shall not bo shown that the seller had provided by » previons purchase of the property for delivery on bis contract, he shall, in the judgment of the Commitice, be llable to pay, as penalty for such default, damage not excoeding b per cent of the value of the property sold. Now, the operation of this rulain practice is to force a scttlement of time-trades on the basis of prices ruling in Now York. This is no longer disputed. Therule in practico has been found untair, since the ** shoris ” have it always in their power to break down the Now York market and thusforcetho * longs," or buyers, to sattlo on a basis temporarily es- tablished against them, But tho general snd permanent offect of the rule is to keop down the Chicago prices on o level with tho New York prices, which naturally follow Liver- pool, where the interest is in favor of low prices. Thus Liverpool, representing the consumers, is constantly given sn undus in- fluence over Chicago, representing the pro- ducers, in the fixing of prices, The farmers of the Northwest aro constrained to take the price which Liverpool offers, with- out any sssistance of the dealors and ship- pers in Chicago in holding back the grain when prices. aro too low. In other words, the rnle operates always in tho intorest of the “bears,” or those whose interest prompts them to depress the market, and against the “bulls,” or thoss whose interest prompta them to strengthon the market. Now, the interest of the Northwost, and consequontly of Chicago, is identified with good prices for all breadstufls and produce, and any ruls operating to depross prices at Chicago is an injury to the Northwest, and:consequently an ipjury to Chicago, Thus, if the ruling prico in Chicsgo is $1.06@1.07 for No. 2 wheat, the “shorts" may tolegraph to New York or Liverpool that they will scll at $1.04@1.05, which depresses the foreign market and reacts upon Chicago immediately under the existing rule. This depression may be bronght about by the sale in Now York of 100,000 bushels of wheat, and the roaction in prica here will enable the “ghorta” $o sottls up tradea for 1,000,- 000 bushels on tho deoreased price. In the meantimo tho entire whent interest of the Northwest is made to suffer for the bene- it of one class of speonlators in Chicago,— for Chicago governs Milwaukee and influ. ences Toledo and all the other Western mar- kets, 8o far as the general publio is concerned, the buyers and sollers on the Board of Trade, dealing in timo-trades, are equally wpocu. lators, If thero is any sympathy with one olass more than the other, it ought to be with the *‘bulls,” whoso offorts are in the direction of higher prices ; certainly thers i 1o reason why the rules khould be especially favorabla to the ** boars,” who are eonstantly depreesing prices. The outery against #carriera” has always been largely due to the fact that, in such s movement, ‘a hand- ful of buyers are arrayed againat a coupls of hundrod * short-sellors,” and the lnttor have the preponderanco of numbors and can *‘squeal” tho loudest. But even occasional corners, if there is no other way to avoid them, are preferable to a steady dopres- sion of the Chicago market and a deprivation of all independence and elasticity. 8o long 83 thore is no power inherent in the Chicago market to fix a price for itself, so long as the spsculative Luyers are deterred by the prosent practice of settlement, and so longas Chicago capital is powerless to hold the grain for a rise, the-farmers and ahippers of tho Northwest will avold Chicsgo, and send thelr grain directly through this city and around this city to New York and othor seaboard outlots, Already the country towns are beginning to build elovators of thoir own, 80 as to make direct shipmonts, and Chicsgo, loaing the handling of the grain, will gradually loss the trade which the grain brings with it. If the farmers sell less to Chicago, they will buy less from Chicago. This is « serious matter, and it is time for the Board of ‘I'rsde and the merchanta to give it serious considerution. If the rule wo have yeforrod to has aumuch respowsi. Lility for the decline of the grain trads us THE CHICAGO TRIBUNE: WEDNESDAY MAY 24, 1876, there is reason to bolieve, immediate stops should be taken to repeal or modity it. e ———mee MAYOR HOYNE'S QUILLOTINE. Tho municipal headquarters on Adams street yestorday morning very closoly resom- bled a hon-coop in spring after the poultry- doaler has beon through it. Bixty luckless victime lay round with their heads off, or nbont ten exprass loads, na tho resalt of one night's work of Mayor Horxe's guillotine, and the end is not yot. It being sscertained that the machine is in good working order, and cuts smoothly and well, the Mayor may be tompted to keep it going, especially ns thero are other costly excrescences and bar- nnclos that need lopping-off. The first night's work, howover, was a good one. When the janitor gathered up tho hends into tho basket, thero were found Comptrollor Haxzs, Marshal Goopery, Mixe Bariey and his crowd of parnsites, thirteon in number ; Dr. Bex C. Minren hnd resigned, but his hygienic erowd, forty-fivo in number, wore decnpitated. It wns a good night's work. Mr. Haves' place has beon well filled. Goon- £LL, Bamer and his orowd, and the Health Board and crowd wero not nceded. Thoy wero ornamonts to bo sure, costly trimmings, exponsivo laxnries, but of no more use than tho fifth wheel of s coach or tho fifth log of ncalf. Tho City-Iall has baesn, over since CoLviN wont into it, a poor- house for official paupers, a relief and aid socioty to provide certain bummors with whisky at tho city's expenso, an infirmary for dead-bents making a living by a huge confidence-gama played on the tax-payers. Marshal Goopery was o man with nothing to do,because his duties were the samo as Capt. Hioxex's. If Ilickev worked, Gooprrn must lay idle. If Goopern worked, Hicxey muost wax idle. The only way in which both could work at once was for omo to work ogainst the other. Henco one could be spared, and, 08 GoopeLn knows nothing of police business, as he is a neophyte, his head was chopped off. Mg Bainxy's barns- cles wore of no account, except to find a hole in a sidowalk or hunt for defoctive flucs ina saloon, never getting nearer to them than the piace of furniture over which the drinks camo one way and the city's money went the other, It is o little melancholy that the Health Board's forty-five ,able-bodied bonchmen aro called off from their pretended, simnlated chinao aftar the Bridgo- port stinks, just as thoy woro on the scont of them; but they havo been chasing them a great whils, and the stinks are still with us. Cortainly, Dr. MoVickan, with the help of the regular police, oan dn ns well hs this. So long s there isno possibility of romoving a stink, it is better that one man should wrostlo with it than forty-six. So these forty-six heads will not bo missed. In the way of retrenchment, Mayor Hoxne has done & very haudsome thing. The over- bardened, ground-down-with-the-dirt, tax. ridden citizens, who have had thoir noses held to the grindstone by the tax-cators so long, will broatho moro frecly, In theso tight times overy littlo helps. Mayor Horse's guillotine saves the tax-payers $70,600 during tho mext nine months, ns follows: Mixs Bamey and his barnaclds, $21,000; Bex Miizs and his barnacles, $46,000; Barmaclo Goop- ey, $3,600. The Corvmy corruption funds and tho saloon.tills will saffor correspondingly. The merchants and busi- ness-men of Chicago, and tho hard laboring classes who work for a living, will rejoico at the discomfiturs of the bummers, who havo beon dead-boating on tho city finances, and ‘who have been arrayod like tho lilies of the fiold, without toiling or spinning. This is hopefual, It is the first gloam of light which illuminates the ultimato avenue of cscape from tho slough of despond. , The people of Chicago will not miss these victims of Mayor Hovxe's guillotine. Every departmont of the City Govornment will run just as smoothly and offectively as before, and at less oxpense. In any private business, these barnnclos would havo been dismissed long ngo. In point of fact, they never would have been appointed at all In private business, men are not solected to do unnecessary work; adozen men are not hired to do the work ene man can do; and two men are not selected to do the same job. ‘Why the city business should be eonducted on any other principles than privato businees has long beon a mystery to every one. For. tunately, howeover, Mayor Horxe has brought us back to first principlos; has taken sixty Ppairs of hands outof the City Treasury; and at tho very first try has saved the city over $70,000. Goodenough! Koop the guillotine working! Noxt! THE CITY rmm%;m MAYOR'S AC- The Mayor on Monday night removed from offico several membors of the City Govern. ment, but tha moat important action in this respect was the peremptory removal of Mr. Hurxes, the Comptroller, .The Mayor conld not maintain his eelf-respect and continuo Mr. Haves in office. It wos a quostion whothér the city finances shonld bo under the control and independent action of the Comptroller, froo of all authority of the City Govornment. The Comptroller has prao- tically boen running s Government for him- solf, after his own fashion, withont asking the approval of tho Msayor, Council, Cor poration Counsel, or any other branch of the City Government. In anticipation of the doposition ef Mr, CorLviy, the Comptrollor obtained the signature in blank to all papers that ho thought he might have oceasion to use, and therofors was wholly independent, 3 ho thonught, of the no' Mayor and Coun- cil, *On Mondsy morning Mr, Hares, in a very indecorous and very offonsive publication, under cover of pretending to reply to an ar- ticle in this paper, attacked the message of the Aayor on the financial policy, charging that every perion, especially the Mayor and Common Council, who differed with him was really in favor of ropudistion; and he aanounced his intention to have his own way in the management of tho city finances. There was but one way to meet such an issue, and that was to remove the insubordi- nato officer, and tho change was ascordingly made, The fact s, the Comptroller had become an obatruction to the Government. He in. sisted on doing business on a thoory of his own, and every business man in the city was fully dware that that systom must at some time or mnother break down. Itisa ques- tion whether the city should stop tho issue of certificates for old debts on the 1st of June or Julyor the1st of some other month ; whother the oity should issus threo millions of serip or ten millions of &crip, The city is now,and for a long time has been, do- ing business on borrowed monoy. It has bean paying from 6 to 8 per cent for all the woney it has paid out _en an average loan of eightecn months. The Cirouit Court of this county, sitting in danc on the decision pro- carod by Mr. Haves, decided that the only obligation which the city could legally as- sumo in the issue of cortificatos was the im- plied ono that it would ure due diligence in tho collection of the taxes in anticipntion of srhich tho cortifienton were irsued. Tho samo Court docided that the taxes lovied to mect nppropriations for 1876 could not bo anticipated to pay any debts but tho eurrent oxpenses of 1876, 'Tho salo of drafts on tho taxos for 1876, to tako up drafia against tho taxes of 1874 and former years, was clearly illegal, and thoro was no justification there. for. Tho issuc of cortificates payable at a specified dato wnsnot authorizod, becanso the only obligation the city could assume was to apply the tax whon collectod, and only whon collected. It could in no event agree to pay, nor actually pay, any money to take up such paper, except the monoy rocoived from taxes levied for that specifio purpose. Tho attempt of Mr. Havcs to run his lonn business in tha old style, in defiance of this dacision of the Court, waa perfectly propos- terous. Whilo there is not & man in Chicago in favor of repudiating any part of this out- atanding dobt, common sense must dictats to the public croditor that, as the city can only iasuo a certificate payablo out of tho tax when collected, and any gther ordor or cortificato must bo illegal, it is immaterinl to the public creditor whether ho Liolds an order signed by Corviv and Haves dated a yoar ago, or Cor- vix nad HAyes dated in May, 1876, Therois no evidence that tho public creditors want their money until the tax bs collected ; cor- tainly payment of the cortificatos cannot be lognlly domanded until thon, and to rush pell- mell into the market to borrow money by the rockloss issue of cortificatos, to take up other certificatos in anticipation of the collection of taxes, is more child's play, and is in no way proservative of the cradit of thoe city. The outstending certifioates, issued againat tho taxes of 1875 and prior years, must wait poymend until the taxes ogainst which they are drawn are paid. As thoy are not legally payable out of any other fund, tho creditors will accopt tho situation, and it is folly to be wsuing to them time-notes when the Iaw for- bids the issuo of such notes. Thisis more particularly true, because in July and August thero will bo some threo millions of the taxes of 1875 and previous years collectod, and, under the decision of the Court, that tax can only be applied to the payment of theso out- standing certificates. At most, therofore, tho public creditors for the old certificates will hiave to wait nat over ninoty days, and for this ninety days thoy may as well hold the ono certificate as to tako anothar of doubt- ful legality, and which the city is under no obligation to pay until tho tax is collected. ‘Tho rovenus for 1876 can only bo legnily anticipated to pay the expenditures of 1876, duly appropriated, and for which a tax is leviod. It is likely thal it may becomo neo- essary to issne such cortificates in anticipa- tion of such rovenue; but tho old issne stands on & difforont footing. It should be borne in mind that tho outstanding scrip, prior to that issued against the revenue of 1876, does not represent all the borrowed money duo by the city. There are large sums duo the water and other funds which bear no interest, bt which have beon uszed and expended, and must eventually be re- placed. Tho beginning of a new system of finance is theroforo not only a necessity, but ig dictated by overy consideration of justice to the publio oroditors and by the bosat inter- esta of tho city. Tho now City Government could not transact its business in the way in which it should ba done without a chango in the offics of the Comptrollor, and, as the change was to bo made, the sooner it was mado the better. i BALE OF THE NEW YORK “ WORLD,” AND ‘WHAT IT MEANS, Thore has been no item of jonrnallstic nows for a long time of so much intorost as the retirement of ManToN MAnpLE from the editorship of the Now York World, and the sale of all his stock in the paper (carrying a controlling interest) nominally to Mr, WrLr- 1y Hexny Honeour, ‘who succeeds him as editor, Mr. Marouzs las boen connected with the World from the beginning, though at first in a subordinate and obscuro capncity. The World was started originally to give the orthodox religious public of New York a daily which should furnish them with ag prompt and full & collection of nows as the other dailies, but should conform more strictly to thoir ideas of propriety. But tho religious community of Now York proved to be either too limited, too indifferent, or too penurious to support a daily nowspaper, for this idea was abandoued after sacrificing n good deal of money in the vain effort to mako it successful. kr. Masoin succeeded to the control of the paper, and has guided its deatinies as tho leading Democratio organ of the country for the last fifteen years. Soon after ita dofinite establishment aa & political daily, the ownors of the World purchased and absorbed Wenn's old Courier and En- guirer, with which it acquired the run of the suction advertisements, which have formed the principal and most pormanent soaree of ita rovenucs. It maintained a leading posi- tion, and was for many years a compotitor in the lino of news-gathering, Of lato, how- ever, and notably since the panie, there have beon constant evidoncus of rotronchment, which have beon generally acceptod by the newapapor clan a8 an indication of doclining rosonrces, It may bo that this policy was sdopted as & cautious trimming for the hard timoa, and that it has enabled the World, with aless prosperous sppearancs, to pull through tho embarressments of the panic batter than one or two of its Now York con- temporarics which have kopt upa lavish display of enterprise. At tho samo time, it must bo admitted that this policy, whether voluntary or enforced, has matarially dimin. ished the value of the World as a news paper. ‘Fho present change is claimed, on the one side, not to bo on account of any financial smbarrassment, Mr. MausLs retiring ona compotency which ho has carned by many hard years of toil. On the other band, it is alleged by anti-T1Lpen politicians that he was forced to retire, as he was unable to mect certain payments on his stock boaght some years ago from DBarrow, and that the Bouzrr-KzLuy.Tammany intorest combined to crowd him out until after this campaign is over and TiLpEN alaughterod. No matter which theory iu true, his retire- ment is undpritood to have an fmportant political significance. The World, under his management, has not only been devoted to Mr. Triuoes's fortunes, but it bas main. tained his claims almost to the ex- clusion of every other ocandidate for the nominstion at fit. Louis. ‘I'he changoe in tho cditorslip is construed to moan a transfer of ita influence from Mr. TiLkN personally to the Democratic party. It will not proba- bly oppose TiLoen's nomination, and will unquostionably suppost him it nominated ; bat it will give hearing to the claims of others, and notably those of Mr. Bavazp, It 1s said that Mr. 8. L. M. Banzow, who has all along had an interest in the World, is the real purchasor of Mr. Mizsirr's stock, and tho fact that Banrow is & brother-in-law of Bavarp is aceepted 28 a natural indication that the World will bo espooially favorablo to Bavarp. * But, under the prosent man- agemont, the World will probably not rofnse ita support to Rag-Baby Artex, or Hard- Money ‘Tnurman, or Mr, Facing-lwo-ways Henpniors, The now editor of the World, Mr, Wi~ 1AM Henny Honeoor (s brother, we beliove, of tho Illinois Congroseman, Steruzx A. Ilonuout), has bLeen conngoted with tho World for a number of yenrs ns ono of ita chief editorinl writers. He is o gontloman of largo experionce and varied accomplishments, and also & writer of uncommon brilliancy. He hins much of the learning and something of the dillotantoism that have always distin- guisbed the World editors,—Mannwg, CrovLy, Huntoor, CoaMpesLiN,—nnd he will be en- tirely competent to maintain the curious and happy mixture of orudition and worldliness which has always boen charactoristio of the World's fourth page. 'L'hie paper will be an much as over an authority in biology, her- aldry, gastronomy, and all those olemonts of philosophy and wmsthotics which figure so largely in polito metropolitanism, It may uot reflect no closely tho sontiment of the Manbattan Club, of which Alr Mannie s o distinguished member, bat it will undonbtedly eling to tha old asaociations with the ‘mwallow-tailod” faction of tho Now York Democracy, Of Mr. Hununur's nbility, culture, and brillianoy there ia no doubt, but 1t may well be questioned whother he hns the adhesiveness aud fidelity to work requirod of the responsible editor of 8 large metropolitan daily, Hois a man of eclogant tastes and luxurious habits, and he is used to indulge them with great genorosity. He formerly had the rcputation of a lon vivant (it may be recalled that he was the authorof the famous * Elbows of the Mincio " article in the New York Z%mes), and, though such a reputation is by no means disagree-. able and the conditions far from being per- sonally unplensant, the laborious duties of a controlling editor are not always mado casy by tho indulgence. The now World may probably bo regarded as more firmly rook- rooted and mountain-buttreased than ever in its devotion to the Democracy under any and all circumstances. THE CAMERON TRADE--CONKLING. The Now York and Philadelphia pross, the ‘Washington politicians, and the country generally, accept the Cabinet changes as in- dicative of the transfer of the Penusylvanin voto at tho Cincinnati Convontion to Mr. ConxuiNa. This is especiolly based.upon tho appointment of J. Dox Caxerox, gon of old Sivon, to the affice of Hocretary of War, There is no pretensa that Don Caserox has any epecial fitneas for the War Department. His soldiorship or statesmanship has boen that peculinr to tho school of which his father is peculiarly the chief, and in which be bos attained such an eminonce. Ever sinoo Mr, LivcoLN romoved Bmson Camzrox from the Cabinet, in 1862, he has soughta “vindication” by tho appointmont of his son. After many years of struggle, tho offico has becn' obtained, and, after the fashion of all Camcronian politics, it has probably been purchased by tho sals of the Pennsylvania voto in Convention to Conx- rxa. The sppointment of Dox CaxERoN as n succassor to BeuxNar will strike many peo- plo a8 a curiona proceeding. Tho loss of the vote of Pennsylvania will bo a serious one to Mr. Bramve. The 86 votos of Now York and 29 of Penusylvanin, with the carpet-bng voto, will be more than will bo meoded to nominate Alr Congring. It is not likely that he will get a dozon other votcs from the Northern Btates; oertainly he will gotno vote from any Stato westof tho Alleghanies, It ia protty evident that Mr, Coxgring, 88 the special representative and living embodimont of machine polities, will Lave the patronage of thoe Government at his command; but, novertheless, he will ind it difficult to mus- ter up n corporal’s guard from tho Great ‘Wost to support him in the Convention, To dofeat Mr. CoNELING thera must, there- fore, bo moro or less o combination be- tweon tho friends of Messrs. BruINe, Monton, and Bawrow. It is not likely that the friends of cither of these gentlo- men can bo transferred to CoNxring, and his dofoat can bo accomplished in the ovent that the frionds of BrisTow and Brainn unite, which ought not to be an impossibility, and whioh, under cortsin circumstanecs, ought to be a duty. Mr. Conxrixg cannot expect the vote of eithor Ohio or Indianain Con- vention, and certainly not at the election in October next fall ; and, in view of this ascor. tainod fact, to nominato bim for the Presi- denoy will be to give away the election in ad- vance. The friends of Besars. Bramie, Bawrow, and MortoN owe too much to the country and to the party -to permit them, by a persigtent division, to subjeot tho party to such an unnocessary calamity, even to carry out one of old Snion'a contracts. THE BLACK HILLS. Littlo by littls, but very surcly, wa begin 0 got at tho bottom facts of tho Black Hills business, which the TAives’ Organ of this city advertisod and editorialized into noto- rioty, and into which it sont crowds of vio- tims who have already found thoir mistake, when it is too late and thoy havoe sacrified thair little moans to got there, only to find it o delusion and o snare. OQur readers will not have failed to notioetho lettera published in our last issuc from that scction, An old miner, who has lived in Colorado many years, and has had large experionca in the mining business, writes: “'I'here is a little gold all through the Hills, but I do not be- lieve thero are any paying diggings; at least none have becn found yet; and, if there avor is ono, the gold will apeak for itself, Tho amounta reported from time to time as being received or even'taken from the Hills do not amount to a drop in tho bucket in comparison to what should have beon taken out of n mining camp if it was a gold country® A Ohicago viotim of the Thioves' Organ eays: *As yet I have not seen & gold mine in the Hills that will pay $2 per day per man, and the wonderful ro. ports circulated in the Btates have brought thousands to the country, without money or grub onough to last them thirty days. I fear if something is not done soon, many will suffer.” Anagher victim, also from Chicago, says: ‘‘'The gold we have found s so small that so far we have found nothing that payw It will require timu, patienco, and labor to develop the claims we hiave worked ; and it has noed- od all theas to develop those wo havo soenin the hands of othors.” ‘I'his may be callod one sido of the story; but what is the other sido? The most favoruble reports that have come show that if & person or a party have monoy sufficient to purchase machinery and o completo outfit, and have tho aid of skilled labor, they may make per day what would bo fair wages in a largo city at ordinary employ- ment that would not demand the sacrifices, sufferings, and exposure incident to labor in the Black Hilla, Itis ovident enough what will bo tho xesult of tho Black Mills busi. nors. The Pike's Ponk misory will be ro- poated. Mon will loso their henlth and thoir money. Thoy will sacrifico their accumulutions of the hard labor of yearn ahasing this chimora. Somo will lose their lives at the hands of tho Tndinns. Disap- polntment, poverty, wretohednosn, squandor ed opportunities, suffering families, broken. down health,—these will be found without soarching at the Black Hills as thoy wera found nt Piko's Peal. For thoso who havo olroady gono, mcting on the advico of tha Thicves’ Organ, our advico will como too Iato 3 but if there is any one of the ronders of this papor nnxions to go to the Black Ilills, wo commond to him the ndvico of the old miney to whom wo have nlready alluded : * Lot thoso alrendy in the Ifilla thoroughly demon- strate tho gold question in the Hilla befors any more go thero,” EN, Mayor Hovye did an axcollent thing in hin removals; ho did a moro oxcellont thing in filling the vacaucies. He has given the city three live, energetio, honest, and capabla men, who will work for the best intoreats of the tax-payers, and who will repair the domago alrendy dona to the city’s name and famo abrond. Mr. DericgsoN, ns Comptroller, is tho right man for thio pince. Tlo i one of tho most solid and substantial men in Chicago. Ilo will pursne the safo polioy of strict economy, and will bring to his ofilce sound intelligence nnd good oxecutive ability, He | i a gentlomnn of unblemished integrity, cautious aud carcful ss a finanoier, and of valuable oxperiouco a4 an administrative officer. Hig close and accurate knowledge of tho business of taxation +ill enable him to givo close attention to tho tax-collections, and tp suggest valuablo amendments to tax- legslation. Holis in favor of the pay-ns-you- go policy, and is therefore in accord with the Administration and thé tax-payers. The appointment of the Hon. Evnttorr Axrrony ns Corporation Connsel was one eminently it to be made. Mr, AxTitoNy is thoroughly competent to fill the position. Ho was once City Attorney, nnd, in addition to his gonernl legal knowledgo, is bottor qualified for the place by his special study of the city chiarter and municipal affairs than othors wonld be who have not given thewo mntters special attontion. Ho is also a pains- taking and indefatigablo worler. Dr. MoViokar's little finger is thicker than the loin of tho whole Board of Hoalth, Ho alone will do mora than the forty.five useless dopendents of tho Board who wore decapi- tated on Monday night. Ia is a skiliful, intelligont, and well-rend physician, and a vigorous, encrgetic, and wide-awake man, Tle is worth more than tha whole Board, and ho will do the work of tho wholo Board without fatiguing kimsolf. The abolition of the sinscure officos snd tho appointments to responsible offices are aliko matters for public congratulation, Mayor Hoyye and tho Council hnve com- monced well, Now let the goo?t work of reform go on to the end. AUSTRIA AND TEE EASTERN (}UESTION. ‘Thero is ono phese of the Eastorn gues- tion, so far as it affects tho relationas of Tar- koy to tho Groat Powors, which has not been sufliciontly considered, and which affords a very conclusive renson why Anstria has takon such a lively interest in the Herzegovinian insurroction, and why sho has succeeded in not involving horsolf in the contest. Every step sho has taken hns been in favor of a compromise between the Turks and thoir Sclavio provineos, in tho intorests of pence, and in opposition to any increase of Austrian torritory from the Sclavic provinces. The ronson for this has not been cloarly apparent to tho gonoral reader, Tho Hungarian popu- Iation is composed of two distinct classes of poople, the Sclaves and tho Mag- yors. The DMagyars are the aristoc. raoy of Hungary, Thoy are the land-owners. Thoy control the elective franchiso, They are represonted in the Hun- garian Govornment, They are tho ruling class, bearing tho same relations to the Selaves ns tho English ruling class to tho Irish. Thoy are not the original peasantry of the country, but a more rocent race, which camae into Hungary vory mach aa the Turks came into Turkey, and from nearly the samo localitios in Asia. They ‘mumber about fonr and a half millions, and, al- though numerically inferior to the Sclaves, being in about the proporlion of two to three, yot they aro the literary, landed, monoyed, and political class, and rule the Bclaves by virtue of this superiority, just as Paris rules the French peasantry. The Mngyars, 0s o mat- ter of eourse, do mot want tho Belavie population incrensad, since it might prove fatal to thoir power and influenca, If the northern portions of Turkey should be annoxsd to Austria, tho Belaves would far outnumber the Magyars. Consequently, the latter havo resolutely, aud thus far succoss- fully, proventod any oxtension of tho Aus- trian Empire. In this epposition thoy hare had the countenanco nnd encouragemont of the Gormans in Austria, who have been act- ing for the very sune reason—that they do not want to bo overshadowed by tha pre. ponderance of Sclaves. Tho Sclaves, on tho other hand, both in Hungary and the Turkisl provinces, havo worked dosperatoly to scearss the annexntion of Bosnia, Herzogovins, Montenegro, and Barvia to Austris, and it was one of tho propositions which way sub.- mitted at the Berlin Conference of the Fi- porors of Ruskia, Austrin, and Germany an¢l their Chancollors, but withont avail. Tho agrooment, howevor, iu fatal to that proposi - tion for the prosont at loast, and the Magyany and German-Austrians have triumphed. The Groat Powers have conceded the reformis askod for by the insurgents and will demand. that the Sultan shall enforce them, and this: without any extepslon of the Austrian doy- minjons, The Democracy which fs constitutionally ops - posed to the puyment of honest debts having, In eharacteristic fushion, stolen the Ohio Cou- ventlon bodily, its orgun, the Cincinnati En- quirer, urges b to repeat the performance of it at 8t. Louis and crowu its triumph by nominat- Ing the snclent ALLEN for tho Presidency. ‘With unbounded contldence in the dishonesty and fgmoranes of the American people, tho En- quirer tells it thut ALLEN wus put forwant as Ollo's favorite son becauss Le ean camy the Btate, while TiLDeN would loso it, and adds: “With WiLLiaM ALLEN g8 our uowluee, and with s platform that is ta sccordance with lis fdeasp—aor fur that matter, so well fa he known, we might dispenso with any platform at all,— wo could sweep the country,” The Democratie: organs, however, differ in thelr estlmate of pop-- ulur ignorance and dishoncsty. The 8t. Louls Ttepublican, one of the leading Democratie journals fn tho Bouthwest, on review of the wholo kitustion, finds that ALLeN, laving lost the dcctlon fn Ohjo last year, that Lls fallure then frreshstibly suggests the possibility of his fallure fu the Presidential canvass—in short, leaves him out, whilo TiLoeN 1s the only Demnoerat who cun be brought fore ward as the counterpart of Biumrow fo the work of reforu, aud, indeed, as tho valy mmlualo_‘ who could mn on tho Democratte Hekot win hope of belug elected. The algntficant featurg about it fa the truth told by hoth the Enquirer ang the Kiepmblican. The nomination of TiLLAR, o theattempt to kil off the rag-haby factlon,woulq he an abandonment of all Democratie princlpley in Indlana nnd Ohlo, while ALLEN or any othey pronounced greenback candldate wonldn’t hawg nghost of n chanco of carrying any Enstery Btate, while it s marally ccrtain he eould notby elected. In fact, nothing I8 quitc so clear g present aa that, with the determination of thy TiLneN Democrata to il off the rag-baby tilloty and vice verse, nelther TILDRN nor ALLEN cay secure the nomination. ——————— . Ex-Gov. BuLock, of Georgla, who In 187 fled to keep out of the Penitentiary, hns e, turned to that State to awalt trial upon ty charges against him, arlsing outof thoe rallros steal that depleted the State Treasury, and hy astonished everybody by tendering ball nt Ap Tanta to the amount of one milifon, If requireg, How under his reyime the State wos plundere of millions by the Tallroad Ring, of which b was one of the chie! members, {s now a matty of history; but he has cvldently gone back, ny to Le convicted and scntenced, but to beay quitted and vindleated. The matter of (t that hc left hehind him too many of his Demp cratic partners in the thievery to be In pe under the Democratie Suute Administration, o which they aro the chief pillars and main braces It may safely bo predicted that his trial—if eve hie be brought to trial—will bo a farce, and thy Tie will not be foreed In self-defense to discloy tho Democratic thieves of the Ring. ——————— PERSONAL, Just Aty yeara clapsed hotween Mr. Longfellowy firat and Inat visit to Philadelphia. Edwin Booth's country place at Cos Cob, f scems, was 3okl under a mortgage. Georgo 1I. Doker, United States Minister t; Taseln, anfled from Liverpool Saturday for s brig Centenninl vialt home, In annonncing the marriago of Mias Mary Hoops, the Boston Advertiser presumes that she will cop. tinue to wear her malden name. Commodore Vanderbilt 1s sald to be worth ovg ‘850,000,000, and to have moro avallable resourcey than any other man in Americs. And yet hols gy years of ago and in feeble health, The nnuanal excrtlon of Queen Victoria tn meet. ing the Empress of Gormany attha railway-statioy of Windsor {a sald to have considerable social sl aificance, and possibly oven somo polltical meanlog, The reappearance of Mrs, James I, Foster oy tho stage, after an absence of many years, wit 1ako place next Friday night at McVickor's Thes. tro The event has social s well s dramatlc tm. portance. Three English pedestrians have beaten Weston best time. One of them, named Vanghan, walked 120 miles fn twenty-threo hours and threo-quan tors, Weaton's best performance was 109 miles fy twenty-four hours, The New York Jun says: **As a player of polo, ‘wo put Mr. Bennett in the firat place among Amer. Icans. o handles the mallot with a dosh and Brilllancy snro to excite admliration among the od. itorial fraternity, Yo jovial Sidewalk Inspectors have loat thely spirita. Mayor Hoyne, the Reiormer, has been opposed to the whole system ever sinca he discor. ered that the Inspectors themsclves have the wors( sldewalks in tho city bofore thelr own residences. James O'Nolll's farewcll benofit in San Franclacy dld not take place on tho 17th [net., na aunownced, at Baldwin's Academy, but was postponed, foi gomo mysterious reason, until the 28th, when Il will take place at the Californis Theatro, by t kind permission of John McCallongh. Thomas Earl, scolptor, a pupll of Chantrey's the oxcellence of whome work was recogmizei everywhero but among the Academicians, dieda a broken heart the night before the opening ban quet,—tho result being bronght about by the pen sistent rofusal of the Academy to recognize hi work. A notable Incldent of the concert at Gilmore's Gurden, New York, Saturday ovening, was th performance of a new ** Burlesquo™ polka, by i Offcnbacn. The Zimes says: **All Now Yorl will be familiar ina few days with tho openin molivo of this merry compasition, In the conrse o which sondry odd cffects are produced by aibilaal calls, rthythmlical hilarity, and choral psasages ex ocuted with genuine good-will by the membars & tho orcheatra.™ Mr. Gladstone wil) preside at the meeting of 1M TPolitical Economy Club, on the 31stinst., to cele- bratethe 100th anniversary of the pablication o Adam Smith's **Wealth of Nations." On the wnine occasion Mr. Lowe Is expected to open a dis cussion oa the following question: ** What are tbt more Important resnits which have followed fron the publication of the *Wealth of Nations,' jus 100 yeara apo; ond in what principal direction dv the doctrines of that work stll} remain to beap plicar Lord Honghton's second articls on Macaulay't Wlography, published In the Academy of May |, contalns an anecdote concerning Lady and never befora published. On onc occasiomdad) Holland sent her page around to Lord Houghtoy ‘with this request: **My Lady would be obliged f¢ younot to talk so mnch; she wishes to hear Lord Aberdecn.” As Lord Houghton says that the frlendship between Lady lolland snd himsell “*never rolaxed during tho lady's lifetime,™ It it presumahle that he did not feel deoply Injured o1 Inaulted by tho offensive moasago. Thero are more ways than one to get & picinre into the London Academy. An artist who had ‘more ingenuity than geofus hit upon a steatagem while the Annual Exhibition was located in the old Natlonal Gallery. e obsorved that just over and on ane sido of the doorway was a space of & pecu- Mnr ehape: he took an exact measurement of thit space, and patated his pictars of a shiaps to exactly fitit, and every year ho had the pleasaro of seelog bis plcture in that spot. But now that the exhible tion has heen tranaferred to ita new and magntficent bulldings, with no peculiar space in the rooma 1his ingenious artist inds his acceptances palafully irregular, ¥ Fanny Remble, in hor **0ld Woman's Gomtp," tellshow it happoned that Blr Thomas Lawrence becane estranged from the fiddons fawmily, He pro- posed to the oldest dunghtur, Sarwh, snd was 8¢ copted by her. Then he discovered that hobsd ‘made a mistake, and, by some extraordinary pro- cenn, succooded in having the emgagement trans ferred to the socond daughter, Marla. She sooa afterwards died of consumption, on her death- bed exicting a promise from hor sister that abe wonkl neverbocome Lawrence's wife. The eletersoon fol- lowod her to the grave; and the death of these twe lovely snd amiable yonng women broke off all con- nection bdtween Blr Thomas Lawrence sud M. Blddons ferever. Bayard Xaylor feods quite sure that he saw Bea- Jamin K. Haydon tn April, 1840, Two of hislarge plctures were thon on exhibltion tw Piccadilly Taylor wished to see them, but his meens st that time only sufficed to procare him the ahmokute nec casuriea of life, One day a gontleman gave Taylot a tickot to Tom Thumb's show, the ontrance 10 which was oo the same landing and exactly oppo alts to Haydon's. Lingeringabout Iaydon's duot that day, was & stout, broad-shouldored, shabblly: dressed man sbout 60 years'of ag, who was with- out donbt the painter himaelf. As the door openedy Taylor canght sight of two spectators il writes of his pubecquent Improselona: sulclde, when the lass entrics in his dinry were pabe Hished, I could not (and eannot yet) holp feeling & pang of regjst that I did not give up my dianer thst day and add'at least one Lo the following of t¢ neglocted And despalring artlst. " HOTEL ARRIVALS. Patmer Houss—M. L. Sullivant, Burr Osks; fl:‘ . Biemes, stobert, Lightbody, &' i wallis, sud 3.1 Lightbody, England; J. . McDonaldap G. K. Baker, 8an Francleco; E. R. Seecomb A. Siceper, ‘and J. D. Farasworth, Boutou; Bev) crloy It Kelm, Kansas City; A. K. Pomeroy, B0t José, Cal.i ‘the Hon. " R ¥ Drake Bl Paul} B, Ushor, Pottidam, N.' Y. Thoms tutter, New York; Thomas \vmum" Peunsylvanla: Col. Thomas Marrisan, Clnclonatl, <o, Grund Pocific—Gen. I, 8. Stovens, Hanuibel M ?, i, Studebaker, South Bend; Geon. Jons vorlll, 8t Paol; @, W, Darrall’ Lexinglon W. D, Taylor, Montreal; J. White, Jostoni 4 ‘Hykes, Now Bork; W. F. Plek, stordam, ~ Holland; 3. Glivert, *Busngl China; (e lon.' 8. L. Mather,” Cleve Judge' C. T. Shuman, Cloveland. o Housé—8awmuel A, Fargo, Oshkos! cock, New Orlesns; tho Hon. W. Watdrtown; the llon.' J, Warfleld, Princeton; Harrly, Quincy: A. J, Mundock, - Loganeport: I ! L K, McCral a 3, Dr. Towas ™ Col De . > sanen, the ]l lm!._‘ Alof‘ e oy, Escauaba; the R grman diouietna How. 3. 8. 11 drup, Beividero; Col. J. A, Crolghton, Omu} the Hon. J. M. bailey, “Frreeport; the Lfon. J, Pakby Svdrner, T ¢ 3% 3. Foruey, Bosien 0,5 Keatlig, Kunwas Gily: B ¥, Lee, Bockfot 1y C. W. -Iln& Albert Les, Mo § Gen. Lynch, Milwi Y. J. er, W, Tioston....4A