Chicago Daily Tribune Newspaper, July 10, 1876, Page 4

ol ; The Teibune, TERMS OF SUNSCRIPTION. 4 TATADLE IN ADVANCR—TOSTAGE TREFAID AT ] TIIS OFFICE. [ty Faition, postpaid, 1 yeu e et S Four e Bindsy Hiidlons Litorary aaa Hteligi Postage prepatd. Brecimen coples sent free. éavmum delay and mistakes, be sureand give Poste ice address In full, Including Btate and County, | _Remittances may be mada elther by draft, express, { Tos-Offica onler, or in registered lotters, at our risk, . 7RRMS TO CITY SUBSCRIDERS. ! Daily, deltvered, Bunday cxcepted, 23 cents por week, . Dotly, deilvzred, Sunday Included, 30 cents per week iress THE THIBUNE COMPANY, . Corner Mudlsan and Dearbornests,, Chicago, Iil ¢ ——— CAMPAIGN TRIBUNE. ‘The Republican party has now placed Its natlonal ticket and platformn bofore tho people. The ensulng Presidential canvasa will baone of the moat exclting / snd{mportant that bas ever occurred 14 this country. Every manshould be famished with full #hd correct po- Titleal taformation. In ordertosupply thisnecd, the pub- o lihersof Tux Cnicaco Tatnuxx will print & campalgn “ edition, commoneing Immediately, and continuing & until after the Presidential election In Noveniber, 1870, nttho foliowing cxccedlnxly_l:w ratcs, postaga patd: al¥E CoDlen 1o UK ADDERS.. 'wenty-Nive copiea to ONE ADLI “TH+Weéekly Campaign TRIBUS| Lloven coples to oNk ABDIKS: X Back numbers of the cam not he Bent. Thesooner persons order Tt CAMPAIGN THine UK, the greater number of {ssucs they will gob for et money. AMUSEM. Hooley’s Thentre. Randolph street, Letween Clark and LaSalls, **Cone ience. Wabnsh Avenuo l\g. %- C}mrun. el Fourtcenth strret. Tha famous OHgLn et Eojored Jublies Siagert. ; MONDAY, JULY 10, 1870. 4t the New York Gold Exchange on Bat- arday, greenbacks wore stoady ot 894, Castlo Garden, tho famous old wooden structure whereat millions of immigrants Ilonding in New York have first sot foot on o shores of Americs, was yesterday do- stroyed by fira. Thero is encouragement for thoe beliof that tho weather man has partially racoveroed from his protracted Fourth.of-July . *celebra- tion,” for he has tho grace to anmounce cooler weather, with local rains, ‘Wo publish this morning a sermon by the Rev. D.J. Bunnety, of this city, upon the subjoct of the Little Horn massacre. Tho roveorend gentleman, assuming a porfect fa- miltarity with the plans and purpeses of the Almighty, clearly traces the hand of an om- nipotent and just God in the flendish butch- ery and mutilation of Custen and his brave followers, whereas the infamy of that achieve- mont hes beon generally ascribed to Brrroia Bows. . A movement in force will soon bo made by tho ITouse inflationiats upon the Banking and Cuarrency Committes to force an’ carly xoport that will open (ho way to tho falfll- ment of the instructions of the 8t. Louis Convention respecting the repenl of the Re- sumption nct. A careful canvass of the », Committeo shows & mnjority of ono in ' Javor of hard monoy, and sgainst the ropeal. “T'hero are five Domocrats of soft tondencies, Including Mr, Payne, of Ohio, who at the beginng of the session was among the hordest of the Lards, but there are two Democrats on the Committes who aro firmly opposed to undoing tho .only plecs of work which evon squints toward resumption, and these, supported by.the four Republican members of the Committes, make up a ma- Jjority of six to five. against the.repeal. So that it is unlikely that the inflationista will Do able to bring up tho currenoy question in the convoniont and privileged 'form ‘of a Cowmmitico-report. Lot all unsuccessful candidates for seats in Congress console themsolves with the refloo- tion that thoy have cscaped an onforced sojourn in Washington, with the thormome- ter marking o tomperatore of 104 in tho slndo, And thero is no immediate prospect of escape ibrongh adjournment, for tho Senato hnas the impeachmont trial on-its hands, and soveral iroublesome spproprin- : tions stand {n tho'way, Therois nothinglaft s« but to mweat and bear it, although the heat In tho Senate Ciambor and Hall of Represont- atives, with thoir poor ventilation and com- plete isolation from the open alr, is some- \iing foarful to think of, much less to en. Inye. Itis said thatin the Benate and House e temporature has for the past thros woeks weraged 90 degrecs, occasionally gotting as sighna 100, and that the severo prostration cident to a continucd tomperature of this xind Las alresdy Legun to make itself plainly . apparent upon tho general health of mom- sord, Western Congrossmen, who unmistakably refloct the sentiments of their constituencies, ore urging on the War Department the ne- ceptance of State voluntcers for the Indian war as the most cfectivo and oconomical plu for tho specdy subjugation of the nostilo tribes, and the proper punishmont of the fiends who slaughtered CusTen and his command. The Becretary of War is said to hold the same opinion, believing, doubtless, that o suitable volunteor force, made up of ‘Western men, and placed under the command of Onoox and Trzny, would provo moro of. | ficiont than regular troops unused to Indlan " fighting, Gen, Buenaax is understood to look with disfavor upon the volunteer plan, and to advocato the recrulting of tho thinned rauks of tho regular regiments up to the f maximum, Ho bns exprossod the opinion that the Indians undor Srrring Burn will now separate into smaller bauds, but wany army officory, fully as well qualified as him. solf to judge of the matter, predict no such result, . —— ‘The Chicago produce markols were goner. ally quiet and casier Saturday, Bless pork closed 2jo per brl lower, at $19.70@19.75 for July ond $10.77§@10.80 for August, Lard ‘closed 120 per 100 ibslowor, at $11,05 @11.07§ oash and §11.12§@11.15 for Aug- ust. Moats wero steady, at 8}a for boxed shouldors, 10§o for do short ribs, and 11¢ for do short cloary. Lako froights wore dull, at 2c for wheat to Buffalo, il frelghts were un- changed. Highwincs were unchanged, at §1.10§ per gallon, Ilour was in small s domand. Whoat closed 1j@1)c lower, at v §1.00} for July aud $1.02] for August. Corn closed @10 lower, at 46 for July and 46jc for August, QOats were steadier, closiug at : 2% cash end 28]c for August. Ryo was +4 quiet, ot 05c. Barley was nearly nominal, at H 57@68¢ for July and 76@800 (now) for Bep- tembey, © Hogs were activo and essler, clos- ing weak at 100 decline, Bales chiefly at : £0.40@0.60. Cattle were in foir demand, at 1+ Tridoy's quotslions, ‘Ihe range of eales i was §2.50@35.85 for iuferior to extra. Bhuop were in better supply, but under a foir de. THE CHICAGO TRIBUNE: MONDAY, JULY 10, 187. mand prices wera sustained, at $2.50@4.60, Ono hundred dollars in gold would buy 111,87} in greenbacks at the closo. Now that the counsel for Gon. Derxvae have concluded to maks the best of tho trial instead of falling back on the ploa that the Sennte did not lawfully assume jurisdiction with a vote of less than two-thirds, it is ovi- dent that their line of defonsp will boto show that Brurxar appointed Evans post. trader at Fort Bill in tho beliof that ho was necoptable to the officors of the post, and that, while having no knowledge of any pay. menta by Evaxns to Mansm, ho accopted pay- ments from the latter under the impression that they were on account of the ssttlement of tho estate of his wifo's first husband. On the othur hand, tho House manngors regard thelr cane against Berenar a8 absolutely in. vulnerable, and on the simple quustion of guilt, as dotermined by the proof, they do not admit tho possibility of a faflure to con- vict. Mamsmand Evana are yet to be oxam- ined, and the testimony for the prosecgtion 18 expected to be all in to-morrow, ——y Tho lotter of Gov. Haxzs, accepting the Ttopublican nomination for the Prosidency, appears in our columns this morning. Itis a model letier of its kind, and ono which will grently onhance the bigh rogard in which tho Topoblican standard-bearer Is hold. Nothing could be moroe concise, clear, and direct. It is & platform in itsclf, and ono which tho Re- publican porty can proudly stand upon. That portion rolating to Qivil-Service reform is, in tons and expression, abreast with tho most advancod idens and demands of the re form cloment of the party and of thenation. It hasa genuine Brisrow ring nbout it, the ring which means death to tho machine, Not less pronounced and un- imistakable Is tho declaration on the subjeot of tho curroncy—the resumption of specio payments ns the only way to ond the ‘‘un. certainty inseparablo from on irredeemable paper curreney,” which, ‘“‘with its fluctua- tions of values, is one of the great obstacles to o revival of confidence and business, and to aroturn of prosperity,” The utterances congerning the public-school system and the condition of tho Southern Btates are those of n statesman and potriot who knows neither soct nor scotion. Tho concluding portion of the letter, o condonsation of the whole, is a grand campaign motto: With a Civil-Service organlzed upon a system which will stcure purity, expeclence, eficlancy, nnd cconomy, a strict regard for the paplic wel- fare solely in appointments, apd tho speedy, thorough, and uneparing proscention and punish- ment of .all public oficers who betry oficial trusta; with o eound surrency; with educatfon un- ecctarlan and freo to all; “with aimp)iclty and fen. gality tn public and private aflalrs; bnd with & fra. ternal apirit of Larmony pervading the people of all sections and claases, wo may reasonably hope hat the sccand centary of our oxlstenco 84 na- tion will, by tho blessing of God, be pre-eminont ns an cra of good fecling and aperiod of progress, prosperity, and happiness. VIOLATIONS OF EXECUTIVE CONFIDENCE. A singular question has been raised ab Washington by n sub-committee of tho Touse Judiciary Committee. It is, whether o Cabinot officer can Le compelled to state what has taken place in the private consul- tations of tho Prosidont and hisadvisers. It orises upon the domand mede upon’ Mr. Bmstow, late Secrotary of tho Troasury, for o stotenont of oll that has officlally, but privately, passed between him and the Presi. dentrelating to tho whisky business, The Becrotary very properly rofuses to noswer the question, claiming that the consultations of the President with his Cabinot officors are of a confidential character, and not to baro- vealed. Ho denies that, even if go disposad, ho bas any anthorlty to discloso’ What took place at his conforences with the Prosidont. It is illustrative of tho malignancy of the Domocratic mombers that snch a controversy should over arise. The Dresident is the Exccutive, The mombers of the -Cabindt are each responsiblo for whatever thoy moy do in the dischargo of their official duties. Until the contrary is shown, it is to bo nssurned that they act in all official mat. ters by tho direction or aunthority of the Presidont. Each has o brauck of the public sorvice in his especlal chargo, and, soparately and collectively, thoy are author- ized and required to furnish the President with information and advico. The Presi- dont is not obliged to follow the ndvics of a ) Oobinet officor, even upon matters portain. ing to the pariicular department of which such officer is the chief ; nor is he obliged to follow the advico of n mafority, or of the whole, of his Onbinet. With them he con- sults ns to measurea to be propos- od; to orders to bo given by tho Exccutive; in rolation to forolgn mat. ters; concerning legislation proposed or enactod by Congress; aud, generally, with regard to the whole policy of the Gov- ernmont nnd the oxcoution of tho laws. These questions ars frequently of a delicate character, and wecrecy is essential {o any {roodom of consultation, Tho Senato of the United Btates considers various mattors with closed doors, All trenties or other confiden- tial matters aro considored in privacy. All appointments aro aoted upon,.reports arc mado, and debates tako place in'private. Se. creoy is essentinl to the freodom of disous. sion of such mattors. Imagino the debates which would take place in publio if the ox- smination and disoussion of tho personal fit- ness, education, and private oharaster of in- dividuals took place in open saxsion, with crowded gallerics aund reporters presont. What would bo tho charaotor of our diplomacy if the cousideration of treatios wos in open session, with the private and confidential correspondonce of our own ond foreign Governments read in open ses. eion, and published to the world? ‘Lhere is nothing in the consideration by the Senate of all theso mattera requiring privacy and confidence which docs not enjoin confidence in the counsols of tho Executive. Thiuk what kind of affairs Oabinet meotings would be with a balf-dozen reporters and the gen. oral publio in attendance, Yet, it o Commit. teo of either Houso can summon a Cabinot officer and make him relato what took place at ono or any number of Oabinet meotings, and publish it, wheroin is it differont to hav- ing a reportor present at such Cabinet meot- {nga to publish what may be sald pro and con on every quostion ? The relations of the Prosident with his Cabinet officers are far moro of a confiden- tiel charactor than thoso of Senators. Itis like the privato conferences botween client und counsel, or the domestio consultations of tho family circle. 'I'o invade this privecy no man has ovor yet attompted; it has remained for amaliguantsquad of the Democratic House to attempt to drag out for public reading tho private consultations of the Presidont with his constitutional advisers, What Las taken place at thesé mectings took place in all the freedom aud security of confidenco, 'The person partivipating therein who would violale tuat contidenco should forfeit the respect of every citizon, No process of Con- gress sbould have the power lo cource any Oabinot officer to divnlge what took place, or what was said to him by the President or any of his nssociates. Botter rest in prison for an indefinito term than to sserifico por- gonal honor and good faith. It such a rale wero once sdoptad, that a Cabinet offcor could bo compolled to dis. closo tho consultations of tho Lxcoutive, thoro would bo no indepondence of tho Ex- ccutivo. Ha could have no ndvisors, Ho could consnit with no person whatever. Ho would bo doprived of tho ordinary privilogo of overy privato citizen,—the privilogo of tak- ing advice, or obtaining informntion, or dis- cussing proposed action, There could bo no Onbinet meatings to which reporters might not ns well bo admitted. The whole theory of a Cabinet or Exccutive advisers will bo de- | stroyod, and the President will bo reduoed to hold a sort of town meating, open to every- body, in order to consider what notion ho should take upon public matters, foreign and domestie. There would bo no such thing as a Cabinot ndvisor. No Becretary would un- dertake to offer advice, whon that advico was to bo made public. AOabinet meoting constd- cring a grave publie question, instead of be- ing a confidontinl affair, inviting the fullest froodom of thought and expression, would, in viow of tho probable publicity of itho pro- coedings, become o formal nssomblage, in which each person would reduca what ho hiad to say to writing, and put it on record for his futuro defonso. Mr. Bruarow has refusod poremptorily to answer the quostions, It is finpossible to forotell how fer Confoderato malignity mny proceed, or whether the House will order the ex-Socrotary under nrrest for rofusing to discloge the confidential proceedings of the Cabinot; but, should the Secretary b so im- prisoned, ho will have the rospect and sympa- thy of the wholo country, be sustained by tho opinions of the entire logal fraternity, and will incroaso the admiration which the people have for the honest and fearless Sec- retary, ‘That he will yield, no ono hns the fainteat susploion. THE SPEECHES SBATURDAY NIGHT. In his speoch at tho great Republican mass-mecting Saturday night, the Hon. Smezny M. Currox took up and disposed of tho jssuo modo by the Domocratic sham ro- formers as to' the Presidontial candidates,— that these, in and of themselves, with their records as they have made them, aro the truo platforms and the only real plodges of the respective parties for tho reforms to bo, accomplished. Admitting tho self-ovident fact that the work of reform must go on until avery dishonest man in the public ser- vice {8 roformed out of it, and until the cor- rupting inflaoncos resulting from the great upheaval of sacioty by the War aro reformed ont of affairs altogether, and reminding his liearers ‘how tho Republican party has hunted down, exposed, snd punished cor- ruption in its own ranks, ho dispnssionately considered what sort of guaranty and asgur- once of reform TILDEN i8, in and of himself. That question, wherever TrnoEn's record and political aflilintions are known, con- tains its own answer, and & most tolling answer it is, as was' monifest when Mr. Cunrox declared tho reform wanted was not such a8 would come from a schoming railrond stock-fobber, the political partner of Boss Twzep, so long na that partnership could be made profitable, Tho key-note was struck whon tho Hon. Esenr A, Srones, who followed in'ono of ‘his happicst efforts, demonstrated in his own inimitablo stylo the ludicrousness of looking to the Democratio party for reform of any sart, Thers was, ns everybody thero knew, n litoral truthfulnees that added to the eatiro in his statoment that the roform Domocraoy, after all these yoars, had so far reformod thnt they now unhesitatingly declared against stealing. Not less telling was his scathing roviow of tho declarations of that party in favor of reform by getting themselves into oftico’ and their denunciation of the Repub- lican party for obetructing tho appre. ciation of greonbacks, which the De. mocracy proposod to dispose of by rag- repudiation. Thoro was no flaunting of tho bloody shirt in Mr. Sronns’ specch. But it wwns filled with the plain, unanswerable logic *of facts, showing that in nothing has the Domocratic party givon mssurance of ifa fit- noss to be intrusted with the Administration, nor of. ita purpose or capacity to abandon its renctionary policy. The speoches of Mr, Currtox and Mr. Srorns 8o exaotly fit the situation that Tm: Tamuxe to-day republishes thementire. Tho boast of the Domocratio reformers sinco tho 8t. Louis Convention hns beon that they hava placed the Republican party on the do- fonsive ‘beforo tha country, But theso specches, with which the campaign has been opened in the great Northwest, have nlrcady sorved to make an ond of the dofonsive campaign, to vindicato tho Republican par. ty, ond to fixupon the sham reformers the record of their sham roform candidato ond the yat mora damning record of their sham reform party, A WORD WITH JOHNK ¥, FARNEWORTH, A Truozy and Hexpriozs ratification meat. ing was held at Aurora on 8aturday ovening which was addressed by Joux F. Fanxs- wontit! Our dlepatch says ho talked over an hour discussing the platforma of the Cin- oinoati and Bt. Louls Conventions, the Civil-Bervice reform, tho currenoy ques- tion, and the tariff, and couldn't for the lite of him Beo why the cditor jof Tae 'Teiuse shon}d support Haves and Waezren. Wo msy return the compli- mont by eaying that .we csnnot for the lfo of us see why Joun F, Fanxaworta should support TioeN and Heyonroxa, Mr, Fannswonrn was one of the original Aboli- tionista of Illinols and o friond of Owxx Lovevoy, Ilo wos olecied to OCongress by the Republicans from the Chicago District bofore the War, and was ro-eloctod, until the district was divided, as n Republican and Anti-8lavery man. When tho War broke out, he raised the Eighth Cavalry from among his constituents, former and presont, and served with distinction, He waa then re- elected to Congroas for several terms until 1872, At that time, belng opposed to Gnaxt's Administration, lis went off to Greerry, and voted for bim as s Libersl Ropublican, e bad never given any intimation then, nor has ha sinco, that he would go over to the Demo- crata and Confodorates, nor have his friends supposcd him capable of doing it. Ilow this radical tepublican, aftor having spont forty years 1n ths Anti-Slavery servico, having risked Lis life for it, having fought the Dem. ocratic-Confedorato party sinco he wos o boy, can now deliberately turn and go back upon his record, his life. long sssociations and friends, and appear in a Confuderate mooting to help ratify tha nomination of a bogus * reformer” and po- litical trimmer, and join hands with the men whom he has fought all hix life, is not only aingular but unintolligible. “Iow bo can go back upou Haves, who was o soldior with who, like himsolf, has nlways been an Anti- Blavery man, who has nlwaya been a pure man, who is evorything that Famvswontm wants o candidato to bo, who hos ndvoeated overy political doctrine that Fanvswontm considers orthodox,—how ho can got up in tho old Anti-Slavery city of Aurorn, and de- liborately and publicly - disavow the whole record of his lifo, and cut loosa from all his political nssocintos, and turn Lis back on his frlonds and his principles, is what his frionds cannot unoratand. It showa oither that he is nursing somo secvot bitternoss to the Tte- publican party, whichno one elss compre- hends, or olse that advancing years have clouded tha better judgment of his younger days and dimmed his political vis- jon, However much hLe m#y have been opposed to Gnmawr, that s a thing of tha pust, Mr, Hayes i n man of his ownsort, whorepresents overything in tho way of reform that Mr. Fanvswont hias beon urging. Thathe should now publiely go back upon Mr, Hayzs ghows that ho {a recroant to Limself and his principles, Tuz OnicAco ‘TniooNe supports Mr, Haves boenuso Lo isa man of unspotted bthameter and of exalted worth, who has sorved his country on the fleld with bravery and skill, and has served his Stato with honor, and becanso ho has been a trua Ropublican, I8 in favor of re- form, and purifieation of the Civil Borvice. For theso ond similar reasons, Tme Tnisune supports him in preforence to the sham ro- former, *Slippery Baw,” ‘and his Cosfod- orated politienl associates. —e THE SILVER QUESTION. Itis apparent that tho controversy over the valua of silver and ita faturo condition ns amedium of cxchauge is becoming more complicated every day. The price of bullion continues to fall, and it was quoted the other doy in London at 47 pence, which is 14 pence lcsa than tho nvernge price for over twenty- ono yoars proviously, Germany goes on with the. work of demonotization, getting rid of its old sfiver coins as rapidly as possible. (England only buys for usein its Indian and Chinesn trade, but the quotations for this trado aro so uncertain that the London Times rocontly said thors wore roally no quotations of gilveratall. France, Belgium, Bwitzer- land, Italy, and Greeco are bound, by a con- tract known as the Latin Union, to maintain tho same monoy, ond this contract laats till 1880. If it wore not for this, Bwitzorland cortainly, and Franco probsbly, would have ndopted tho single gold standard. As it s, Bwitzerland lost year did not coin its full quota of silver, and the Fronch Eoaasto has just adopted a bill, pro- pared by the distingaished politieal ocono- mint Leox SAy, authorizing tho Governmont to limit or suspend the coinage of silver bfrano piocos. This is really holding tho demonctization of silver in aboyance. Moean- whilo tho amount of silver coin put out by the United States Government in exchanga for fractionals is so small as to have had no coffect on the downward tendonoy. of the sil- vor bullion, whilo tho mines turn it out as rapidly os over; and tho result is tho price continues to decline. b How long this doprecistion will continue, and whera it will stop, are questions which puzzle alike thoso who favor the domonetiza- tion of milver'and thoso who dosire to have it made logal tender. Thoso fluctuations in silver aro not oxceptional. The Pall Afall points out that one ounco of ailvor at the ac. cession of Evtzanern would buy almost as much 08 two ouncos in the timo of Epwanp IIL; yot at tho accession of Cmantzs I, the purchasing power of silver was only about one.third what it was in. Erizanera's time, ‘Tho same journal continues : In the Middle Agea oné oiinca of gold exchanged for ten of eitvor; in 1702, when the Unitod States adopted the dollar colnage, they fized tha propor- tion at one to fifteen, In other iwords, the sllver dollar was to welgh as much as Afteen gold dollars, TNy thie act, silver was overvalued, and, sccord- Ingly, in 1803, whon France adopted the franc sys- tem, tha Minister, Gauni, fixoid the proportion at onc to Aiftcon and a hatf. Gavviy undorvalued as Taxturox overvalued sllver, and the conscquences woro very curlons. Fifteen dollara' woight of eil- verinthe open market and as bullfon would not ‘buy ono dollar's weight of gold, but whon colned it would. Consequently it was profitablo to cvery porson who had silver to got 1t colned. Furthers mure, it was profitable to every person who had to pay money to pay It in allver, for the silver paesod for moro than it was Intrinsfcally worth, Silver, thercfore, was alone rent to the miot, and silver only pessed from hand to hand. What became of the gold? It was legal tender just za silver was, for the United Statos adopted the bi-motallic sys- tem, Either gold or sliver, thercfors, would dls- charge debts to any amount. But to pay gold would bo to fncar losa. Consequently -it disappeared from the American clrcula- tlon and was cxported to France. France nleo adopted bl-metslism, but 8s * aho undorvalued allver It would bave been a losa to wend it to tho mint, Accordingly, silver was ex. ported from Franco to the United States in return for the gold sent Ly the latter, The United States, finding their gold gone, declded upon getting it Lack; and in 1834 thoy ravaluod tho motals, fixing tho proportion then at one to sixteen, They thus passed from one crror to mother, As they pre- vionsly overestimated sllver, they now underes- timated it, and tho result was preclsoly the reverse of what had beforo occurred, The whole of the elilver was exported, and gold took its place. Bo complcte was the substitution, indecd, that elnca 1854 not asingle silver dollar has been colued by the Amoricanmints, sithongh the law making ail- ‘ver n legal tonder equally with gold remainod upon. tho atatuto bouk untll’ 1873, Horo we have o donble illustration, as complete as if 1t had been Intendod for verification, of the {nflucnce of mero colnage laws on the movemont of the preclous metals; In the conrsc of half a century we find pold expelled from the Unlted States and silver from France, and then silver swopt away from the former and gold from thelatter. The fact Is worth bearing In mind ata time when Qermany is do- monatlxing a ellver colnage and substitutiug tor it agold one, 3 From the samo authority wo loarn that the price of silvor from 1846 to 1840, both in. clusive, was a fraction over L9 penco per ounce, It never fell to that figure, and nover roachod 5 shillings, In 1850 {t pnssed 60 pence. In 1851 it reached 61 pance, From that year to the end of 1806 it atood above that figuro, occaslonally rislug to 62 ponce, and oven o fraction over, From 1867 to 1872, both inclusive, the price fall to a frac. tion ovor 60 penco. In the two follow- ing years it atood above 59 ponecs. Tho avorage of last year wo aro unabla to state, but during the past eighteen montha the fall bas been conatant nnd rapid, the price last week being about 613 peneo, or say a fraction undor 52 ponce. Dotwsen 1850 and 1872, it will thus bo seen, the price averaged about €1 penco an ounco, At tho end of 1874 tho {all had brought the price only to tho lavel of 1845, orabout thirty yoars before. Yot tho more recont decline Las brought it down to where the silver dollar of the weight and standard coined by the United States is only worth 70 conts in gold, It is o wonder that tho Government should delay the rapld substitution of asilver coln for fractionsls with this differonce in its favor. ‘This surcly would be no breach of faith, because, it o metallic ourroncy had boon presorved in this country during all theso yoars, tho small chonge would still have been silver, and the peopls would have borne the depreciation just tho same. So long s thero is mo effort to increaso the him and fought near him in Virginia, and | amount for which silver ia o legal tonder thore will be no injnstice nor hardship in supplying nll the emall change the country needa by eilver coin. At tho sama timo, if & rotum to tho bi- motallic currency is contemplated by the re. sumption of specie payments, the silver dol- lar ought to be oqualized with the valuo of tho gold dollar by fuercasing tho amount of motal put into the silver dollar and its paria. Otherwiuo, imitating the coinage without the introdnetion of any of the basor metals, and without really swindling the people, will probably become a goneral, and certainly a profitable, business, A vory large por- tion of tho nickel coins now in circulation wore not made by the Government, but by countorfeiters, As the cont of tho metal and manufacturs of a 5-zent pieco is only about a cont, it pays for private persons to coln them, whila furnish. ing tho poopla n coin of equal intrinsfa value. Bo it will bo with silvor coina if the silver dol- lar, as manufacturod by the United Btates, shall continue o be worth only three-fourths 88 much na the gold dollar, and 20 conts lesa than tho greenback dollar, * Tt should bo re. membered that, with all this plothora of sil- ver, soveral of the European countrics, as well os the United Btates nnd the Bonth Amorican countries, have an irredeemable paper ourrency; and, if thers could be a sim- ultancous resumption of spocla payments, giving employment to silver as a currency, thero ig littlo doubt that it would resumoand maintain its equilibrium. This would seem to bo the only way to avoid thefliniversal de- ‘monetization of silve; THE PACIFIC RAILROAD3 AND THE GOV- ERNMEI NT. It ia & mattor of momont that Judge Law- nExcr's bill haa prssed the Houso of Repre. sontatives, compolling the Union Paciflc amd Contral Pacific Railroad Companies to pay n certain amount of money annually into the United Btates Trensury, to bo npplied on the intorest and principnl of thoir bonds guar- aateed Ly tho Government. The Pacific Railronds have never voluatarily takon any stops in this direotion. Thoy have treated tho Government guaranty of their bouds rather as a gift than as a loan, and have never made preparations for paymoent. On tho contrary, all their preparationshave beon for not paying cithor interest or principal The Government had originally secured it- self by o first mortgago on tho roads, but the Pacific Railroad lobbies got this lien re- loasod by Congress and a socond mortgagoe accepted by the Government in leu thercof. The dangor now is that the roads will bo sold under tho first mortgnge whon it ‘comos due, and the principal owners will buy them up, leaving the Government out in the cold. The only claim the Government has is for half the sorvices rendered by the rail- ronds and for 6 porcent on their net earn- ings, and the roads hovo nover paid tho lattor. It ia cstimated that the Central Pacific should meake soml-annual poyments of $040,730, and the Union Pacific of $904,781, in order to liquidats the interost end prinei. pal duo in 1898, But the bill roported by the Judieiary Committee provides for tho somi-annual payment of only $375,000 from the Union Pacifie, and ‘$284,105 from the Contral Paclfie, both for ten yoars’ time, aftor which the psyments are to bo incroased, The money rocoived from these pnyments is to bo invested in United Btates bhonds at the best market rate, and eredited to tho mil- roads. Judge Lawnznce did not beliove tho sums provided for to bo adoquato, but sup- ported tho bill as boing in tho right direc- tion, and tho best ho could scourc. The fact that thobill, on its final passage iu the THouse, rocoived n voto of 159 yeas to 0 nays ahows a remarkable doferonco to publio son- timont about these suobsidized railronds ; but in tho preliminary votes, leading up to o final consideration of the bill, it was shown that nearly one-half of the Congressmon waunted to postpono and delay it, oven at this late day. This bill has to pass tho Senate beforo be- coming a law, and it will probably bo difil- cult to got a hoaring of it so late in the ses- sion, with tho Impenchmont trial and iho Appropriation bills pressing upon tho atlontion of that body. But thme for its. consideration ' should bo found, novertholoss, and the bill promptly passed. As Judge Lawnznox remarked, if tho Prcifio Railroads honestly intend to pay the bonds and interest guaranteed by the Government, no bettor way could bo adopted than by thus creating a fund for that pur. pose by somi-nnnual poyments. If they do not intend to pay, then the bill is all the more necessary to compel them to do so, THE AR, The news from tho Tuarko-Servian cam. paign continues to bo 5o conflicting that ono moy well despair of arriving at any rational conclusions ns to what hos thus far been no- complished. If wo may believo the Turkish reports, Gen. 'LonzuNarerr, who commands tho eastorn division of the Servians, ia not in Turkich torritory at all. Per contrs, Rus- gian, Bervian, German, and - English advices unito fn the nssertion that not only is he on Turkish soll, but that he has turned the Turkish flank, and is well down to Sofia, be- tween the Turks and Constantinople, = The advices from the weatern column uunder Gen. Zaon, in Bosnin, constantly contradict cach othor, If wa are to oredit the dis. patchos of the past wook, Bellina has been destroyed threo times by tho Berviaus, and captured threo times by the Turks,” The Turkish army has been throo times routed by the Sorvians at tho samo place, and the Bervians throa timea driven back by tho Turks, Both sides are evidently lying with industry and zonl for their respoctive sides, but, out of tho heterogensons and con. flicting news, it bogins to be apparent that while Tonenvavery's column, which has taken tho offensive in'Bulgaria, is meeting withh success in his southerly march, the defensivo column on the northwestern fron. tler, under Zaom, has received a bad set- back. Pouding tho arrival of any declsive nows as tocurrent operations, the foreign mails which hove just come to hand contaln many intoresting facts.' con. cerning the preliminary movements of the Bclavio powors, a resumo of which will bo {inter¢sting, The London 2'imes of Juno 24 discussea the situation, and points out very prophetically to tho English Cabinet, which was congratulating: itsclf upon the re-tstablishmont of peace, that war iy imminent, Its comment upon the atti- tude of Sorvia s s0 portinent that wae copy aportion of it. The ZVmes says: Thero has been during the past year a violent ox- cltement among the people of Bervia in favor of tho Insurgents, and a belicf that the opportunity of the Sclavic had come, The Governmentof tho T'rinco has been urged by tho very strongoest iufinences to take part against the Turks, The Princo fears for his throne and for tho supremacy of bia famlly, and the leadiog politiclans and sol- diera have fancled that frresolutlon at this crisis would bo followed by o popular condemnation from which they would never recover, To theso motives may bo added a confident kopo in the sup- port of Lussla; Indved, wo can scarcely be unjust '| another arliclo, is matorially affected by the farthor, in assaming that the Qovornment of Bt. Petersburg hnsapproved and encouraged the dlsplay of na- tlonal pirit. Bcrvia has, In fact, been appealed to from evory part of Belavic Europe os the Btato whose duty it s to stand forth fore- most ‘In the common cause, The conso- quefice of these incltoments has leen prepa- ratlon for war, and, of course, a great expendituro of moriey. Tho notlon that the Grent Powers could never mee a Chrlstan land again overzun by tho Turk, and that in "a detormlined coufllot eventunl success must ba on tha Chrlstian sldo, in an articlo of politleal faith among the patrlots of tho Turkish Provinces. As to tho present attitude ot Europe, has not Lord Dxnny il that the Treaty of Pans docsnot gnarantdo the integrity of the Ottoman Empiro agalnst revolution In its constitnent prov. inces? 1f the work fa ever tobe done, it must bo ‘bogun by those who aro atill reckoned within the Oltoman pale; and, 1f these will bear tho brunt of tho first onset, hclp ls sure to come in thoend, This fs-the view assiduonsly proscated by tho frlends of action, and it fa sald that even among tho Prince's Ministcrs there aro mon ready for tho bolder vonture, With regard to Montenogro, tho Z'imes of tho samo date spooks with tho samo degroe of cortainty ns follows 1 There has lately Leen a'‘project to conelliate Montenegro and to detach It from tho revolutlon- ary connectlon by the sesslon ot a small portion of tereltory, In roturn for which Montoncgro should acknowledge the soverelgnty of tho Sultan, Moro than one Government apprara to bavo thonght that an underatanding botween Tarkey and Montenegro wonld ba the surcat menns of producing a ‘pacifica- tion, and that the ceaston of eomas frontler districts would be s small prico to pay for such o benefit, ‘The Austrian Qovernment, however, §s sald to be convinced that the ondeavor o Induco the Mon- tenegring to do anything which might be construcd into a direct or Indirect recognition of the Sultan's soverclgnty would Lo a mure wasto of time, and that not even mo incomplete an acknowledgment as {8 fnvolved in sending an Envoy to congratalato the new Sultan is to bo hoped for. It Is quite poa. sible tuat Servia and Montenegro may maintain the relations with 'Herzegovinn which have lasted thronghout the Inaurrection, and edd Ly acting to- gether, if actlon thero be at all, Bubsoquent events have shown the prog. nostications of the Zimes to ba absolutely correct, notwithstanding the positive manner in which Mr. Disnazrx reassured the English people, With rogard to tho attitudo of Turkey, tho Paris correspondent of tho ZTW%mes throws soma new light upon thissnbjoct. Ho says: I only mention these rumors, which have fnflue enced the Boures, to show what o mistake it wonld be to fancy the Enstern question Is approaching & solution. Turkey has always asked to bo foft alone with [ta rovolted subjects, and when warned that in that case Montenegro and Servia would openly join them, has alwnya replled that if for- elgn Powers wonld agree not to oncouraga the n- surgents, she would not be afrald to face such on oventuali€y, and did not ecven ask tho Powers to intervena diplomatically to prevent such a gencral rising. It is ovidont that the Groat Powoers aro acting upon this hint of Turkey, and have formod thoeir ring to watch the struggle and s0e if sho can make good her assertion, 'The most significant foature of this ring, how- aver, is, that, while England and Gormnany are watching the fight in the persons of their diplomatio represcntatives, Austria is watch- ing it with her frontier swarming with troops and Ruasin with 70,000 or 80,000 troops concentrated near Bukowina, which is within oagy striking distance of Bulgaria. If tho Bervians ore worsted, what thon? Will tho Grent Powera allow the Afohammo. dans to ronasert their sway over the Chris. tians? Will they give their consont to the rohabilitation of the Ottoman Empire in tho Solavic provinoes? Docs any one suppose that Rusain is to risk the solution of .the Eastern question upon the prowess of Servin sud Montenogro? . 3 The correspondonce of the New York Tribuns from ihe Contennial disalosea that there is n controversy going on botween soma of the Amorican’exbibitors of manufactures and many of the jurors; espocially thoso from foroign countries. The forcign Commis- glonors and jurors, particularly those from Gormany, France, and England, urge that the compoting goods in the American Do- portment shail bo marked with the prices at which they can be produced and sold, and insist that this information shall bo fur. nished before the nwards are made, Thoy claim, nnd it wonld soom with great force, that tho cost of manufacture isan cloment to be considered in judging of tho merits of any exhibit, Bomo exhibitors have'.refused to furnish their price;lists, whilo others claim that, if tho cost of production ba considered, the comparative cost of labor should also ba takon into nccount, Whoro two men exhibit compoting - articles of manufncture of tho samo class ofegoods, the relativé prices at which each can be produced and sold is ono of the most pertinent pointa of comparison, It {s the main question in which the poople ‘who consume these goods are most interepted. Tho fact that - ono man can produce a given article for $10, ond that man oan produco an equal fact that the sccond producor cannot soll hia production at less than 20. The utility of all manufactures is largely measured by the prico at which they can be sold, and, to judgo of tho practical bonefits to mankind resulting from tho production, the pricoat which the product may be sold is a strong circum- stance, Tho protocted manufacturers of the United States should not sbrink from a com- parison of prices as well as of fabrica ; to do 50 i8 a blunder, beeause it will natnrally at- tract nttention to tho fact that Protection ia not only a fraud upon the peoplo, but an obatncle in tho way of the advance of Amorican manufactures. Tho old familiar illustration that coconnuts might be pro- duced in the United States of n quality suce cessfully comparing with thosa brought hero from elsowhere is portineut. The for- eign cocoanut msy bo sold in Philadelphia at 10 conts, whilo. tho American cocoanut conld not be £old for less than $10; and the comparativo utility of the two fields of pro. duction might be measured by these figures, ‘Wa do not understand how thera can he any clear comparison of the meritaof the compot. ing productions which exaludes statements of tho cost of production; and one of tho groatest bonefits to result from this Exposi- tion {s this enumeration of tha world's prod- uots, with the cost given for each country and section, i CRITOARY, 1 T - ANTONIO’ BARILL Qur dispatches yesterday morning contuined the aunouncement of the death ut Naples of tho famous ainging-master, Antonio Banis, who had taught vocal inusic many years fn this country, He wos musical-director under Parxo, and afterward wielded tho baton with great suc- vess in Mexlco, e {3 better known as teacher of singing in this city than for his connection with ‘operatic onterpriscs. Not meeting with the success his talents warranted, ko left here somocighteenmonthaugo forEurope, whereheln- tended bringing out somo of Lis own composl- tions, In the fall of 1874, Mr. BAkiry married at Parls o Miss WoLvp, of Birasbourz, Ilis father was Dfaestro Framcrsco BamiLy of Rome, = composer of merit, and his mother CaTBRINA Cnigss, o famous prima douns for whom DosnNizErrt composed his opera * L'Assedo di Calats,” and Corrona his opera “(llovanne I di Napoll.” Her sccond lusband was Siguor PaTTy, an operatle tenor, and futher of AD2LING, AMALIA aud CARLOTFA Parrs, His oldest sluter was CLOTILDY, & prima, donns who wmarried Avvsxd Tuony, of New — e York, and whose sccond husband was Bignop Bcors. Henlso leaves two brothers—Nicors, who was an operatic basso, and Errone, 4 famous teacher and barltone, who educated Ap. RLINA and CARLOTTA PATTI, his Lalf-alsters, Maunicn STRAKOSCH became connected wity the family by marrying AMALIA PATII. Amon others whotn he helped to educate for the stage werg Mle, Monrxst and Mme, VAN ZaNpr, CABIMIR PERIER, The cable broughl the intclligence ot Thurs dny lastof thodeath of tho eminent Freng stateaman, AvausTs CAsiMin VicTor Lavieyy who chauged his surname in 1878 lo‘m»mu: Penizr. 1o was o son of Casnrn Penup, the leader of the middle class Tory party, and Louts Prisirrs's Primo Minister in 1831, 11y was born in Parls, Aug. 20, 1811, was fourteen years o the diplomatic scrvice, a Deputy from 1846 to 1818, and a membor of the Leglalativg Asreinbly from 1840 to 1851, From Septeinber, 1870, to February, 1871, ho wvas detatned by the Germans, On tho Sthiof that month he way clected to the Assemblyas a partlsan of Tusens, From Octocr, 1671, to February, 1672, he way Minlster of the Interfor, aud retired on accuting of the opposition to the removal of the Assembly to Parls. Ie resumed the oftice In May, 1873, but accompanicd Tmizns In bis retirement shortly after Mo has published mumeroug works on finance aud polities anda life of Cuanrorrs CORDAY. OTIER DRATHS, Among other deaths recently reported are those of DaNIEL D, Butaas, United States Ap pralser at New York during Pizncz's Admiuls tration, and Comnifssfoner of Police in Brooks lyn slnce 1870: of A. W. PAurron, editor of the Manchester (Eng.) Ezaminer and author of much of the anti-Corn-law lterature; of M. Ji. 0B ALEXANDRE, the founder of the celebrated firn of ALEXANDRE, pere e fils, harmonium makers, Paris; of JOnANN ChRistorm Rusr, the veteran German landscape palnter and Df- rector of the School of Design at Augsburg; ot M. Euvnonc Boueir, the Conservator of the Museum of Versailles and a well-known writer ouart and llterature; of Dr, MarTin IAug, & fomous Sanskrit scholar, who nssfsted Buxaty in bis Dibelmerk; of the 1lon. Peren B, GAres, Mayor of Schenectady, N. Y.; of WiLtix Dugr Bopixsoy, Cashicr of the New York Cus tom-House since 1343; and of the Hon. Tioxay 0. Moone, who was Governor of Loulslana st the outbreak of the Rebellion, ——— PERBONAL The Sun suggeats Custer's carcer aaa theme for the paet. Democratic newspapers are printing Oattering notices of Mra, Hendricks., A rumor comés from Perala that the Shah {s soon 1o rovisit Eurapo Incognita, Mr. Blalne's phyaiclans recommond a telp to Bae rope, aq s00n o8 his heulth will permit. Mr. Conway heard Cobden eay, towards the clost of hialife, that thera was another Reform bill iz John Dright yot. ‘Twenty-nine races were run for at the late Ascol meeting, and the value of prizes awarded, exclu. sive of £2,830 for horses placed socond and third, waa £20,130, e 'The British Ionse of Commons recently defeated by an overwhelming maforitya resolution daclar. ing that **the time has arrived when flogging In tho navy should be abollshed. " ‘The Hon. Georgo H. Pagh, of Ohlo, suffercd n stroke of paralysls ton days ago, from the effocts of which he has not yet entirely recovered. Iils montal faculties nre unimpalred. . Kato Fiold mada the graat mlatake of speaking too well at.the Hospital Dinner In London; tha prosy old gentlemen were Jealousof her, and pooh. poohed the idea of o woman talking in pubtlc. Bra. Prentico, wifo of a Profcssor in Wesleyan College, Mlddlctown, Conn,, slipped and fell overa precipice ot Sutton, Friday. The fail was 70 feet. Bha was picked up alive, but cannot live, Capt. Cook, of the Yalo navy, ha accepted o pasition on the New York 1World, We hope lio will not attempt to Introducs *‘the English stroke™ lnzlAmmcln Journnllem; the nttempt would bo In Gen. Shormoan afd, at a recent army rounfon, that hie would rather march six times from Atlanta tothe sen than encounter once tho unspenksbls horrora of & campaign agalust the savageson the frontier, The full force of his remarks {s now ap- preciated, Morris Bpringfield, of Philadelphin, put an end to the life of shame upon which his sister fisd one tered by killiog her. o eald it had hocomea quostion whether ho and his mathor or his sister should die, nnd he finally docided that the lattee weu the least descrving of life, Misa Abbott, whose non-success in opora hasale ready been noted, turna out a marrfed Jady—~Mrs, ‘Wethercll, Friends who gave her pecunlary nse nlatance while sho was proparing fur the stage ara represented as being indignant at.hor want of eane dor aa o lior domestic relations. * . Hubscriptions to the fund for the purchass of tha- Old Bouth Church, Boston, have accumnlated so rapldly that the Committee propose to raiso $150,- 000 by the 17th inst., In expoctation that further time may be given In which tho property may bo purchased, elther by the city or by subeeription, Mr, McKeo Rankin and his troupe, porforming at the ltoward Athenzum in Boston, gave the profits of two performances Saturday to tha OId South Church fund. It hae been remarkod that tho founders of the church probably never snpposed the time would come when the conteibations of *¢play-actofa* would bo necesaary to save It from : destruction. Adolaldo Nollson, the actress, has left Lone don for Parls to consult her medical adviser, Dr. Johnston, aa to wheresho shallspend her vacation. Dr. Johneton s spoken of by a correapondent as one .of tho lesding medical men of Ameriea; on the contrary, ho fa tho leading Amorlcan physiclen of Parls, having lived In the Prench Capltal moro than twenty years, v s Col, Phoclon Moward had his fow straggling hairs clipped closo o bls scalp and loft laut night for tho scat of tho Indian war, via Biumack, Tux Tun- uxe has, unfortunately, loat two valued corres spondenta by tho Indianv, but it {s safe to say that *'Phoclon* will céme ont with a whole and itistonto onc that in lcss than thirty days Tus Tntauxz will contain his report of an interview +with Major-Gonoral Bitting Bull, Mr. Jullan Hawthorno writce to the New York Tribune, protesting agalust the use made by his brother-in-law, Mr. Georgo P. Lathrop, of ‘Nathanlel Hawthorne's manuscripta in tho recently- published *‘Study of Hawthoms," The clder Hawthorne, it s woll known, explicitly directed his cxecators not to asaist In any blographicsl ukotch of himseif. Mr, Lathrop, while recognlsing this injunction, disregardod It by the small svasion of & **8tudy," which only differs from a blography In Infifeting upon the public more of tho writer's personality than is usual kn biographlcal work of & high order. J Teligions newspancrs In England have rafsed a noto of warning agalust the proposed introductivn of eftigies of heathen gods and goddesscs na articles of Jewulry, likely to reault from tho presentation of sowe such jewelry to the Prince of Walesin India. We bellove therofsno cause for serious alarm on this score. In the present condition of tho monoy-inarkets, gold and sllver idole will bo cateemed too much of a luxury even for tho wealthlest familics. Whether there §s any Imino- diate danger of arotorn to Idol-worshlp in Eng- lond fan question that may be safoly left to the religlous preas to declde, HOTHL ARRIVALS, 4 Tremont House—P. \W. Rhinelsnder, New Yorki J. Kemp Welsly, Jr,, England; J. C. Colbeck, Tunbrldge, Eng. { G. Porgusus, Australla; C, Paxe ¢ ton Usrper, 8ydney, N, 8. W.; the Hon, A, C. Bevln, Connecticut; George Fox, LaPorte, Ind... Sherman Houss—Willlam Foote, Jr., New Ore Aurel Kecakemethy, Hungarian Centennial esloner; Tsaac Crosby, Boston; B, J. Hsrta- Jows: E. Q. Durham, Jr., New Yorki Maithows, ~‘Waterbury, €l F. W, nond, K. i’l]n‘n aud * Thomey_ ayes, W, (.‘lr%ll LaCrosse; W, P. Ilunte 201 +D. D. Glitord; 1ndiunspolls, Mth, Bt Louls; E..L. Merritt, Springe fiold, NI : Col. A, Wood, LaCros urand Freifo—R, Pordebard, Lyons, Davly, LasSalle; J. T. Lave sud G, Davenport: a Mollnc; B Nedrick, wai K. W. Phillips, Milwaukee ¥, Valton, G, Julllen, O. de Marilly, Cbampin, Purls, = France; Juobm C. giolt, Milwmikeos . J. Hutiectord, New O o, 8. 8t Pauly J. P, Cogh- lan, 8t. Louls; o Pokeepales A. Sieders und wife, Racluo; A, 11, Stauu, Mre. liodlf-un an. Mre. Blickburn,' Tadlinapolie; dubn Loohitio, Hiverside. .. Palmar Uoure—M, 'L, Sullivant, Burt E. J. Curley, Lexiugton ; C. 1t." Roul and A. W. Boulten. Venozuelat J. Il Hmith, 8t Louls; George Bhiru, Jr., Pittsburye; John C. bn‘: Tiartford: Jobu b, Heymond, dilsalsaipply B Colling, Troy, N, Y.