Chicago Daily Tribune Newspaper, July 18, 1876, Page 4

Thye Teibwwe, TERMS OF SUBSCRIPTION. FAYADLE IN ADVANCE—TDSTAGE TREPAID AT THIS OFFICE. 1y Edition, dpald, 1 ye: fi:nl s o month fieil 0 Any address four T Hunday Rditlon: Liters 5 Treckiy, o &0 Tarta of & year, per month. . 0 o WEKKLY EDITIO! SR Clubof twenty. Tousgoprorald, Ypecimen coples nent free, To prevent delny ani mistakes, be srre and give Potte Office sddress fn fa, Including Siata and County. femittances may be mado cither by draft, express, PoatUtlice order, or in registered fetters, at our risk. TERMS TO CITY SUNSCHINERS. Dally, deliecred, Bunday excepted, 3% conts por week. Dally, deltvered, Sunday {ncinded, 30 cents per week Addrons THE TRINUNE COMPANT, Comner Madison sud Desrborn-ats., Chicaxo, 1l TRIBDUNT, TOR THE SUMMER, i Partics leaving the clty for the summer can bave l Tirx DALY Trinung forwanded to any address upon 1% Veaving orders at e counting-room. The paper will i 1 e promptly malied n & stuglo wrap; postage pald, Aor 81 por mont! AMUSEMENTS. Tlonley's Thentrn. TRandolph street, Lotween Clark and LaSalle. **Two Mev ot 5audy Bar." Waond’s Museam. . Monroa street, between Dearborn and State, **The Freoch §py.” Afteraoun and evenlng. Crystal Garden, 1 Rxposition Bullding, Michigan avenue, Creswold's Promensde Concerta. Tromopsie Coneertd e — TUESDAY, JULY 18, 1876. —e — = Groenbncks ot the New York Gold Ex. chango yesterday closed at 893, et it Y Tocal rains and no marked changoe in tho temporaturo may be expected in this vicinity to-day. —— Another attempt to instruct the Houso Comimittee on Banking and Curroncy fo re- port o bilk for the repeal of the Resumption nct resulted in anothor failure yesterday, A power moro potent than the St. Louis Con- vention restraing the party in Congress, and the samo is TILDEN, ] ——— Tho honted term was not confined to New York, Philadelphia, Boston, St. Louls, Ciu- cinnati, and other Amcrican cities whors summer life is Almost unendurablo. Chicago seoms to have boen solitary and aloue in her exemption from the horrors of a towid tem. porature. Even in London the wonther hina been of almost nnparallelod severity, the thormometer marking 06 in tho shado, and cases of sunstroke being of frequent occur- vonco, The customary contradictions in tho ad- vices from the war in Turkoy continus to jostlo each other in their submarine journey to America. Tho Sorvious Liavo been defeat- ed, and the Borvians nre victorious and have not lost a single caunon. The Turks are victorious, nnd tho T'urks are acting on the defensive and have abandonod their positions in Lower Herzegovina. Thers havo been no insurgent victories in Herzegovina; in fact, o angagements of consequenae, JInt McGoati is to bo turned adrift upon tho cold charitics of a heartless world, and forced to earn au honest living if he knows bhow, The Comwmon Council yesterday pass- od a resolution rgquasting tho Mayor to re: move the present noumbents of the useless officos of Tax-Commissioner and Oity As. : pessor, togother with their force of clerks and assistants, aud to allow those oftices to abolished. Of course Mayor Hearnm will romply with tho request. ‘That’s what he was clectod for, and that's the kind of & man ho is. The South Clavk strect railrosd imbroglio is in & fair way to bo settled in & manner sat- tsfnctory to all tho warring interests, and for he best good of tho property-owners, the 2ity, and the railroad companies. ‘The tracks are to bo removod from the contre of tho atroet, which will thus be restored to the or- dinary uses of a Lusiness thoroughfars, the tity granting to the railroads a strip on the srest side of the street for thoir tracks, which for their entire length aro to be separated from tho strect by a brick wall erected by 4hio railroad companies. 'Tho compromise is Accoptable botls to the citizons and the rail. roads, and will doubtless Le ratified by the Uotnmon Council, Sre—— “ In tho opinion of the Common Counoil's Bpecial Committeo appointed to considor aud roport on the subject of a reduection of tho malarics of tho city's employes, the bost way to bring about retronchmont is to totrench, Accordingly the Committes have anited in a report which comes straight to 3o point, and racoramonds a spocifle rate of reduction in the variousdepartmonts, both as lo tha ealaries paid and the number of men employed. Witk a Council elocted on o plat. form of economy nud reduction of cxpendi Jures, and a Republican Mayor fully in Liar- mony with this policy, there ought to be no delay in arriviog at a just aud equitable adjustment of tho salsry schodnle, and no {avoritism chown fn making the reductions proposed by tho Special Committea. it S iy It is now quito certain that the attompt to . ‘harness the Democratio Presidontial team bas proven a Inmentable fajlure, Tho trial ; mado nt Saratoga has resultod disastrously to ‘ho hopea of tho party, Whon the animals wrera trotted out nad the 8t. Louis platform | was brought forward to bs fitted, tho East. " em horso would not stand undor anything { aliort of gold mountings, and then tho paper ; breochings wouldn't hold the impatient nag; .}~ whilo the Indiana trotter would be ensy only i i t 1 when his harnees was liberally bedecked with rags. The more the jockeys trled the more tho trappings did mnot fit, . Doth animals wore so restive that it bocame ", necessary to scparate thom for the time be- » ing, put high blinders on them, and take . time to consider the gravity of the situation, It ja said thattho Indianahorsehas becomo in- curably balky, and the question of withdraw. i ¥ ing either one or the other of tho celobrated . i : =panis being seriously disoussod. Tho con. 7 : corn msy yot have to be run as n ** one-hiorse P % shay,” with TiLoex as tho sorry charger and : that famous “barl” for the body of the wehlclo, © The Ohlcago produce markets were gen- *. erully woak yesterday, and grain was more sctive, Bless pork closed 10@12jo per brl { lower, at $10.42}@10.45 for August and ' 10.67§@19.60 for Beptember. Lard closed 160 per100 1bs lower, st $10.95@10:97) for August and §11.05@11.10 for Heptember, Meats woroquiet, st 86 for boxed shoulders, 10§e for do short ribe, and 110 for do short Yeary., Lake freights were moro active, at 1o Jor corn to Buffalo, Hail freights were un. ‘ ghanged. Highwines were unchanged, at 01.10§ pey gallon. Flopy wag {o botter de- yomain vacant until they can beo lawfully | mand and easy, Whent closod 3}c lower, at 91jc for July and 92}o for Angust. Comn closed §e lower, at 44}@45o for July or Au- guat, and 4540 for Beptember, Onts closed 4o lower, nt 27jc for July or August. Rye was dull at 60c, Darley was dulll and 2@4o lower, nt iGe for cash No. 2. Hogs wera in light supply and advanced 5@100 under a good demand. Balos were reported at $0.20 @0.75 for poor to oxtra. Tho cattle trado was lifoloss, aud pricos declined 10@15c. Sheep wora nominal at $2,60@4.00. One hundred dollars in gold would buy $111.60in greenbacks at tho close. The City Attorney yestorday submitted on opinion that it is within the prov. ince of the Common Council to lot the city printing to the lowest bidder, and that there. after tho city will be relieved from the ex- travagant folly of paying two prices for having the procoedings of the Coun- oil printed in English in one paper ond in German in another, when, na a matter of fact, all the papers print such pro- ceedings gratuitously ns nows. The Council cannot better bogin the work of rotrench- ment, to which it is fully committed, than by immediatoly taking such stopa as will ¢ut off ono of the two city official organs, wheroby nt lenst $20,000 to $30,000 will bo saved to the city which is now literally nnd absolutely ‘wasted, and has beon for mnny years. 1t is undonbtedly the will of the people of Cook Connty that tha County Board make haate slowly in the construction of the Court- Tlonso, to the end that the building, when com- pletad by both the city and county builders, shall presont a uniform and Larmonions ox- torior, The original contract entered into by thecity and county authorities called for such joint action, but the majority of the County Board proposo to ignore that contract and to go on with tho county's half of the building without referonce to harmony or uniformity, Commissioner Burpick yester- day ondeavored to commit tho Board to a performance of tho original contract of August, 1872, but his resolutions to that ef- foct were voled down by the Ring majority. Their arrangemants with contractors will not admit of dolay; thosooner the jobis dono the sooner tho dividends will bo declared. Thore were just four Commissioners who voted ngainst the contractors and in favor of a Court-House which shall be honostly built and a crodit to the city whon done,—Mossrs. Avrrs, Bussg, Boupror, and Tanon. There are sevoral Connty Commissioners to bo olect- ed this fall, and the tax-payers should keep theug facts aud occurrences in mind, THE DEMOCRATIC FAILURE. Tho gession of Congress is now within a fow days of its close. It has besn the first session for twenty years that the Democrats have had a majority in the IIouse of Repro- sontatives, and the firss for fifloen yoars that thoy have bad a majority in cither House of Congress. They took advantago of the ter- rible distrons in all parts of the country fol- lowing the panfo of 1873, and of the indig- nation of tho people towards tho salary.gral- bers of tha previous year, and, promising speedy reforms, they succeeded, in 1874, in clecting . two-thirds of the Houso of Repre- sontatives. That House was olacted under o promise to accomplish soversl things, among which wero: 1. A general reduction of taxation, in- cluding the ropenl of the protective tariff and the substitution therefor of a tariff for revouue. 2, The onactment of laws making money sbundant, easily obtained, and &t & low rate of interost, : : 8. The abolition of countless useless of- fices, the roduction of salarios, WY placing the national exponditures on the basisof & pence establishment, 4. The roconstruction of the Civil Bervice, by which the soveral Dopartments of the Government would be purged of ignorance and dighonesty, aud the Governmont admin- istorod by men of integrity and ability. ‘The Domocratio House has been in session eight months, and there has been no bill passed by that body having reference to any one of theso great reforms, Onthe first question, that of reducing taxation by the repeal of some of the protectivo taxes which yislded norevenue, thore was a bill propared Ly experts outside of Congress for the Demo- cratic members. That bill the Democratic Hougo with its 100 majority has never do. bated, excopt for two hours, and has nover oven asked for a vote on it, During tho oight months of sossion, the Democratio House, with 100 Domocratic ma- jority, hins never prepared, matured, or pro- posed ameasure on the currency, either to ex- pandor contract, Lo produceor postponespecios payments, o improve the publio credit, to inspire conildence, promoto industry, or iucrense production, Thero have beon indi. viiual schemes proposed by Briont, Horaax, Frnnanpo Woop, Pavyg, Monmsoy, and oth- ers, but the Ilouse, with ita 100 Damocratic majority, voted them all down, At tho end of eight months, the Democratic Xlouso, with ita 100 Demooratic majority, is shout to adjourn, leaving the finan. ces, publip credit, and the ourrency, procisely where tho Ropublicans had left thom cighteon months ago, confessing an in- ability to improvo matters in any particular, and that the policy of tho Republican party should continuo undisturbed. ‘That is the confession mada by the Democratio House with {ta 100 Domoocratic mnjority, after oight monthe' doliberation of how to rodeem itsplodgo toroform the currency aud finances, Aftor eight months' sesslon it has not abolishod an office. During the year, under laws pnssed by the pravious Republican Congross, the employment of nearly 1,000 porsons has expired by limitation, and thoy havo gonoe out of office; but the Democrats have not been able to pass any law having for its objeot tho reduction of the number of employea of the Government, nor for the ro- duction of salarios. Tho Democratio Ifouso hasmade blind, and rockless, and arbitrary re. duotions of the appropriations, without first roducing the legal oxpenditure. Thisis not roductiof; it is morely paying bhalt the amount required by law, and postponing payment of the other half until next winter, It has doducted $80,000,000 from tho np. propriations for the legally authorized and re. quired expenditures of the Government, leaving that sum to bo appropriated st the next session, qfler the election, in a doficiency bill, Bo there Lias been Hterally no reduction whatovor of the expenditures, In the matter of Olvil-Borvicoe reform, the Dewmoacratio Houso, with ite 100 Democratio majority, hus dono nothing and proposed nothing, excopt in respect to the persons in itaown employment. Here it ‘‘refornied" with a veugesnce. It found the various Doorkeepors, Measengors, and other potty officers, all Republicans, but mainly men who had been soldiors, and who had been disabled by wounds from hard la- bor. The Democratic Hours *‘reformed” lhhnmg{ mg:bytnminqw thpse men s R ity CHIGAGO TRIBUNE : TURSDAY, JOLY 15, 1876.” ont of office. For principal Doorkeeper it eleotod n man who had been Doorkespor of the Confederato House at Richmond during the War, This functionary filled all tho subordinnte places with ex-Confodorato sol- dicrs, and was finally dismissed himself bo- causo of incompotency and other unfitnesn. The Houss has also been entled upon to dis- charge soveral other of its officers. Horo the reform begun and ended. The Domo- cratio House, with its 100 Deemocratio mn. Jority, nt tho ond of oight months frankly confesses its incapnoity to redeem any one of tha pledgos on which it was elacted, and is now nbout {o adjourn as a notorious and absolute failu THE'DECLINE IN WHEAT, Sinco tho Inst national holidny, two weeks Ago, the price of whont in this market has declined 14} cents per bushel, or noarly 14 per cont. 'This is & very impor- tant change, ns it involves, or accompanios, nsimilar shrinkaga in the selling valuo of nearly all the wheat in the civilized world. Tho loss to holders of whent in this city is enormous ; and not more to thoso who own the whent now in store here than to those who have bought much Iarger quanti- tios for future delivery. It is a matter for surprise and thankfulness that none of them have failed (except an operator in * puts and calls”), though not n few have found tho load n hoavy one to bear. Tho reagon is that most of tho parties on the ““long” side aro among our loading capitalists, and able to calmly meot losses which would swamp an ordinary business-man. A The chief cause of this decline is under- stood to be the fact thaot a good deal of tho wheat in New York is in a critical condition, Tho crop of 1876 wns harvosted in wot weather, and a good deal of that wheat wns damp enough to suffer under the intonso heat that has reigned on the seabonrd for two or throa weeks past. 'The dangor is not 80 much to grain actunlly in store, however, a8 to that which is exposed to a hot and molst atmosphore for soveral days together, waiting for a chance to bo unloaded. About ono milfion bushels of wheat is now afloat in New York harbor, with no storaga room in that oity, no demand from Europe; and a pearcity of ocean freight room, which pro- vents bolders from sending tho grain to Europe on their own account, and taking the risk of finding a market.on tho other sido of tho Atlantic. Undor this condition of things the Now York market is very much depressed. Tho best bid telographed yesterdsy, as made in that city for “fair spring,” was 31 per bushel. People hold off, afraid to buy; the low price, which would otherwise be a pow- erful inducement, being no temptation to pur- chass wheat which may bo spoiled when de- livered. It is probablo that the oxcitemont thore is considerably greater than is war- ranted by tho facts in tho caso; but it ex- ists,—and rencts forcibly on the Ohieago markot?though there is no No. 2 whoat hore out of condition, and no foar that any of it ‘will becowmo so. T'he reader will doubtless fecl curious to Lnow how much grain Now York has alrendy” on hand, that she is not able to take caro of the million bushels wasiting in her harbor for a resting "placey We can answer. Yostordsy her warchouses contained a trifle over 8,000,000 bushels of all kinds of grain, or about one.quarter of the 15,2:0,000 bushels which the warchouses of Chicago can care for at one time., And with this picayunish provision for business she proposos to transact the grain trade of the ‘world ; whilo, for want of more capacity, sho is responaible for no small part of tho hoavy deprsciation which has taken placo during tho past fortnight in the selling value of whest, flour, and other breadstuffs. Mr, Ruros Haten may possibly find it to his ad- vantage to study the situation at (his) home befors ho makos additional predictions in re- gard to the grain trade of the future, Cer- tainly Now York is not now commending her- Rolf to the West ws an entrepot for bread. stuffs, whatever slio may do in yearsto come. e HOW TIL HI8 MONEY. Basuzn J. Truowy, a Iawyer by profession, who began life poor, and who has neverbeen ongaged in any large, legitimato business transactions, hss a personal fortuno which is variously estimated from throo millions to saven millions of dollars. It probably does not fall short of the former figurs, and, be- fora the shrinkage in New<York renl cstate consequent upon the penic, it may have ap. proximated the larger amount. It is not unnatural, now that Mr. Trupex aspires to tho Chiof] Magistracy of the nation, that poople should bo interested in knowing how he amassod this colossal fortune, In the caso of grent merchants like A. 1. Brewann, or horeditary cstates like tho AsTons, or con- fossed railrond-jobbers, like Vanpenpivr, it is casy to understand how great ‘wealth should bo nccumulated. It is not so, how- evor, in the caso of a lawyer, or other pro- fossional man, who hias no money left to him and engages in no business. No lawyer, it is safo to say, since tho days of tho old Roman counsel who msed to dofond the Coloninl Governors and sharo their plunder, has over emassod by the practics of his profession any such amonnt of money and property as Baxuer J, ioey posacsscd, It is not within the possibilities of the most lnborious and most successful caroor &b the Bar. Lawyora rarely begin the study of tholr profession till thoy are pest 21, and are not ofton admittodsto practice beforo they are 26. Without some adventi- tious aids, the first ten or twelvg years of a legal practice is & hard life of study and Iabor, with faw cases and small recompenae. Sometimes it happens that family influence or admission to & partnorship with & well. established firm sccolorates wuocoss and profit. Dut Mr, Troxn bud nona of those advantages. As a rulo, & lawyor's practico raroly becomes mora than self-supporting be. fore lie {4 80 ar 40 yeara of ago, and a hard. working lawyer i= pretty woll worn out by 65 or 60, and not equal or ambitious to meas- uro strength with the younger men, Buc. cosaful and lucrative law-practice does” not usually extend over twonty or twenty.flve yoars, Very many good lawyers in our large citios aro woll content to earn from $5,000 to $7,000 a year; 810,000 s year i3 regarded a3 an excced- ingly lucrative practice; $20,000 a year i3 an exceptional income from a lnw practice, and the number of lawyers in this country who c¢arn more than §30,000 in focs may be counted on the fingers of two handa. How is it, thon, that Mr, Twwpey has amassed o fortunc countod by tho millions? Wo liave never heard of any legacios that wore left him., We know of no silont part- norships that could lave brought him this wealth, 1o hns nover been ranked among the great lawyers of tho country. ‘The most conspicuous cass with which ho was evar publicly identified was the scandalous Ban. DELL bogus-baby lawsuit some years ago. Yet Mr. Tizoxx has nover had any other os- tonsible busineas than that of a lawyer, and has bosn able to ncoumulate his millions. How did ha do it ? Thoe fact is, Mr, Triom's so-callsd lnw- offica bas been n mill,—a rallrond mill,— whero rallroads wera taken and ground up, soparating the good meal from the chaff, Mr. Tyoex snd his partnors alwnya kopt the good moal, and tho chaff wns It sont bock te tho original owners. required much influence and soveral active pariners to got nearly all tho rnilronds in the country to pnss through Mr. Trroen's mill, po that the profita weroe divided among sovernl persons, How larga they ware in the nggregate may beat be eslimated from the fact that Mr. Tiupev's porsonnl sharo was soveral millions. Probably ho got tho lion's share, since he was ina position to control the New York Stata Legislature and tho Now York City Council as tho roal *boss” of the Democratio party, and tho real power behind Twerp's throne. e procured rail- rond logislation to suit his purposcs, and gotherad in his helpless victing under lawa that e had espocialiy constructed tothat end. It was in this sort of trafflo that Baxt TiLoeN made his millions in a very few ycars, though 0 lawyor of modiocro ability and apparently small practice, Most of the Western railronds have beon through Mr, Tmoes's mill in one way or another, Wo showed the other day how Mr. Tiroxy figured in the Credit-Mobilfer inves- tigation as having sdvised and approved that jobbory at every step. The fact is, ho was the father of the Credit-Mobilier system of building railrosds, and applied it extensively all through the West, and to his own groat profit, long befors the Pacific Railroads were built. Oaxea Aurs was but TrLorN'simitator. TrupeN’s active partnersin tho mill projected tho railroads, and got subscriptions in aid thercof from Btates, counties, cities, town- ships, and private individuals, all thronghthe Weat, on tho basis of * doveloping the country,” Thoy pocketed this monoy, nnz‘ borrowed funds to build the road on first. mortgage bonds, generally taking the bonds themsolves and advancing the monoy they had received from local subscriptions, Then they paid themselves the money they lnd advanced for bullding the #ond at the most exorbitaut prices. Having taken all tho money back, the road would bo nominally out of funds, and unable to pay tho interest on its bonds bofore completion. ‘Then it wonld be put through 3Mr. SaxvesJ, TrLoen's famous mill,—a process which wiped out the State subscriptions, the county subscrip- tions, tlo city subscriptions, the township subscriptions, the privata subseriptions, aud all tho original stock, leaving tho road the property of thoso who held the first-mortgago bonds, who wounld theroupon proceed to reorganize the company, This was tho process. The re. result was that the New York Railroad Ring built railronds on the monoy advanced by other people, but owned the roads them- solves aofter thoy were completed. Under tho tutelage and advice of Mr. Samusn J. Tuprx it was all done “legelly” and in proper form,—ho and Twreep having first arrangod the laws accordingly, The counties and towns of Illinois owe between $12,000,800 and $15,000,000 on ac- count of railroad subscriptions that were swillowed up by Mr. Tuoex's patent process, Largo amounta of money have beon taken from the people of Ohio, Indi- ana, Michigan, Wisconsin, Iowa; Minne. sota, Konuss, Nobraske, Missouri, and other Slates of the West, Northwost, and Southwest, in the same manner. OF Il this, Mr. TrupeN ha 8 recoived his full share. Ho was tho lawyer who devised the moans whereby these frauds were worked out, ho counseled the active manipujgtors st every stago of tho operation, he acted as the agont for windingup and reorganizing the companies, and he, pocketed o large part of the plundor, Thero is scarcely o railroad this sido of the Allegheny Mountaina in whick there was not at least ong, and many in which thore were several, Oredit-Mobilier schemes manipulated by Sax Treoex for the profit of himeolf and thoso assaciated with him, 'This is how hemade his millions, and the peoplo of the West who contributod the monoy are particularly interosted in understanding nnd remembering it, THE PACIFIC RAILWAY BUSINESS, Under tho persistent preasure of Judgo LAWRENCE, o Republican member of Con- .gress from Obio, the Judicinry Committeo of the Houso was brought to the approval of o bill compelling the Union and Contral Pa- cific Raflway Companies to pay into the Treasury annually & certain sum of monoy, 1o be hald as a sinking fund to meot the pay- ment of tho $130,000,000, prinoipal and in. toreat, to which their dobt to the United Btatos will amonat in 1805, Under the like persistence of tho same momber, the House itsclf wos brought to a direct vote on the passage of the bill, and, though large num. bors of the mambers struggled to provent n vote, whonthe vote was taken but fow had tho courago to voto agoinat the measuro, Now comes tho statoment that the Benate will not consider tho bill at this scsslon, be- cnuse cortain Souators have conscientious doubts whether tho bill does not impose a contract and take away vested rights, But this atatoment is not so surprising as that, it tho Senate paus any bill on the subject, it will bo that bill roported by the Ben. sto Railrond Committee. This bill re. ported by tho Benate Committee is to ralesse the railroad companies from all fur. ther liabilities. It will bo romombered that Congresa, in addition to the subsidy of nn. tional bonds, voted thoso railway companios somo 25,000,000 acres of land, The Compa- nies bave picked out all the town sites, and have sold all the land capablo of cultivation st from $4 to 80 per acre, Tho remainderis not worth on an average 10 conts an'acre, The Companies, therefore, propose to ssll back all this land to the Government at the rato of 82.50 per acre, and that the “pro- coeds of this salo shall bs applied to the ex- tinction of the debt due by the Companles to the Government. Bubstantially, this is a schemno to releaso the railroad companies from u Uability which is acoumunlating at a rate that will make it $180,000,000 at the tims the bonds maturo, The United Btates ore linble for 04,000,000 of bonds, on which over $20,000,000 of intercat hag been already paid, and on which interest will have tobo paid until 1805, The Benate Committen have actually reported a bill to take back tho land at $2.50 per acro, and reloase tho roads from any obligation to pay its debt to the Government, ‘We regrot that the bill matared by Judge Tuwnzyoz, and which has been got through the House by such labor, is to be defeated in the other branch, and instoad of it there is to boalaw cnacted to practically ‘assuma $130,000,000 indebtedness lawfully dus by the railway companies. We have, however, faith in the personal integrity of the ma- jority of the Senate, and, no matter how desperate and unblushing the Senate Com- mittos on Raijreads may have become, wo hiave faith that thero 13 & majority yet in the Senato which hias not become the prnporly ofthis: ot manoralivs., THE HAMBURG HORROR. On tho glorious Fourth, Company A of the Ninth Regimont of the National Guord of Bouth Carolina, boing & part of tho Btate militia, to the number of thirty-oight men, turned out at Ilamburg, in that Stato, to col. ebrate the Contennial of American Indopend. ence by a parade. Thoy wera going throngh thoir drill on a stroot botwoon 100 and 160 feot in width, when 'Tuosmas Burzen and 1leNny Gerzex drove up in a carringo nnd demnuded that the company get outof their way,—a demand mado by Buriea and Gerzry, whito mon, to domonstrato their superiority over the “d—d niggoers” who composed Company A, and which no two white men in South Carolina would have dared make of any white militia company, Aftor some parley, tho Caucsslons rofus. ing io.drive around the *niggors,” the commandant of the company ordered tho ranks opened, and the two represontatives of the supbrior Caucasion race asserted their Ruperiority by driving through, erowding the negroes into tho ditch on cither side, Noxt, theso two young bloods made coms plaint beforo n Magistrata against Company A for obstructing thelighway by the Fourth. of-July parade ! When brought beforo the Trial Justice, Apaus, Captain of the company, was arrest- ed for contempt of court, and Lis trial con- tinued until tho Bth, On that day * Gen.” M. C. Burzen, uncle of young Borrer who drovoe throngh the ranks of the company, - appoared as counsol for tho prosecution, and thero also appeared in tho town somo two or throe hundred armed whito Demoorats, Gen, BurLen, instoad of going into Court with Lis caso, then proposed to sottle tho mattor Dy having surrondered to him tho arms of tho company. Iehad no ehodow of right to mnke such demand., Tho arma wora the proporty of the State, and wors lawfully in the hands of tho State militia, while BurLea was a mere privato oitizen, having no authority whatever in the maltet, Dut he had two or thres hundred armed white Democrata there, anxions to shootdown d—d niggers, Hegraclously acceded to the resquost of tho members of Company A that time bo given them for consultation, agrooing that “firo ghould not be opencd upon them" until they had done so; and they rotired to their armory in the second story of abuilding near by, Trom thonce, Burren, having de- clined to guarantes thoir safoty in case thoy surronderod their’arms, further than to say” #it would dopond on how they behaved,” they déclined to disarm thomsclves, and less than forty all told wore then attacked by tho two or thres hundred white Dowmacrats, re- inforced by othor white Democrats who croesed the river from Augusta, Ga., imme. dintoly opposite, to take s hand in tho nigger. killing, After o fow ronnds, tho nogroes, wlose am- munition was oxhansted, flod out of the rear of the building. Some 0! them, with others who wero not membors of Company A, and in all twonty-fivomen, wore capturad. They were placed in tho midst of a ring of their coptors, and ona by oms Arway, Divip Punrres, and Poxrey Cunny were called ont of tho ring, aund, without any pretonso of trial, shot in cold blood. Later the remain- ing negrocs wera told to run, and wero fired at a8 they fled, five boing killed outright and & number wounded, Theso are the facts, which are not disputed by tho local Democratio press, which heatona ‘to deprocate this atracity that has no par- allol in all the butchorics of Srrrve BoL,— tho deprecation being not on nccount of the crimo itself, but rathor bocause of ita offect upon the clections in the North. Thus tha Charloston News and Courier, the losding Domocratic organ of the Biats, says: Tho Northorn newspapors, evon thoso most friendly to the South, sre lond in their denuncla- tlon of the Ilamburg slaughter. They regard it o8 dolng good work for 1laves and WuxegLen, and predict that a fow more outbreaks of the wame sort wiil insure tho defeat of TitpxN. Is it not hor- rible that o band of regulators should have tho power to destroy, by their Inexcusable violence, the prospects of the parly which, if successful, will restore constitutional rls to the whols peopie? The Hamborg regulators are murderers ina doublo seneol Thoy atabbed the Btato In tho ‘back, whilo killing their suppliant prisoners. 8o that papor, in its issuo of tho 11th ad. mitting the atrocitios charged, says: We see no reason to chango the opinlon ex- pressed yesterday that, If the published accounts of the llnmburg affalr aro carrect, there was ttlo 1t any excuge for tho confilct ftself, and abso- lutely nono for the cowardly killing of the negro prisoners who were shot down tike doge long after they hud surrendered. But the News and Courier finds it noces- sary, in palliation of this outspoken denunci. stipn of cowardly murder, to add: Wa tako no ploasure In condemning whaf was done at Hamburg, Wo wish that it were such an sct as wo could consclentiously justify and defend, But, In our judgment, the whole affair, from bo- gloning to end, was shamefully wrong, and we owa it to the Stato to say so, . Tho whole affair, from beginning to ond, was but an cbullition of tho *Democracy which proposcafo carry Bouth Carolina on the * Mississippi plan,” as it is known throughout the Houth, by, which the voling power of one whito man aud his shot-gun is made equal that of n dozen negroes. The colored men massacrod ot Hamburg were murdered not bocause they obstructed the road with thoir parado on the Fourth of July, nor beoause they carried arms as mili- tin, ns they hnd & right to do, but bocause they were Ilopublicans. Fad thoy beon Domocratio negroes, thoy might havo played soldier overy day in tho year, What is Gov, OmaamgnrraiN going to do aboutit ? If he cannot obtain surrender of the cowardly assaasing on requisition by the Governor of Georgis, lot him invoke tho ald of the Geueral Govornmont. It Is time this murderons Demooratio White-Linelsm ba put gown now, and bofore the ¢ Missisaippi plau * hos boon carried further. ‘Tho Democratio House, ta 100 Dom- ocratio majority, has lost an opportunity to do ot least ono not of public good, and there. by save a large annual expenditure. The nct of Congress of 1870 authorized the fund- ing of §600,000,00Q of G per cont bonds into bonds bearing & per cent interest, and during 1875 this work was finished, at a saving of 5,000,000 of gold interest annually, The samo ot nuthorized the funding in like man- nerof 6 per cent bonds into other bonds bearing 4§ and 4 por ceut intereat. Having exchanged the five huntired millions of 5 per cents for au-equal amount of Gs, the Boo- retary was unablo to put the other loans on the market becauss the bonda were limited to fifteen years. On the 18t of Decombeor, 1875, Becretary Baistow in his annual report urged npon Congress the paasage of n bill making those 4 and 4} per cent bouds to run thirty years, in which case he thought-their exchango for cutstauding 6 per centa might be accomplishad. The world has never hiad such an sbundance of unomployed capital a4 during the last year. Tho investments of Europeans in tho Ruselan, Egyptian, Tark- ish, snd Bonth Amerjoan seouritios kave been o) unprofitable, and these loans of the United States would have found aready marketin England, Gormany, and France. DBonds at 4 or 4} por cent, having” thirty years to run, would have beon a most popular loan; but the Domocratio Housoe could not renlly enter- tain the subject. 'True, it was shown that exchanging threo hundred millions of 4} per cents and two hundred millions of 4 por cents for an equal amount of ¢ por conts would reduce tho annnal paymont of intercst $8,600,000, but tha problem was too deop. for tho avernge Domocratic Congrossman, Tho majority of the Democratic House hind o vaguo, indefinite notlon that it waa of not tho loast concorn about tunding the debt, bocanso by meroly printing more greonbacks tho bonds conld all be paid off in paper, and thore would bo no more debt or intorest. o tho Beerotary's recomnjendation was thrown nside, and the 6 per cont bonds have boon loft ontstanding and the conntry continues to pay tho $8,600,000 of interost as n tribute to Domoeratic ignoranco and imbecility, genoral Bulgarian uprising is planned, wii place all the Bclavonio provinoes north of thy Balkans, from the Adriatio to tho Dlack Sce, io rovolt against Turkey. . In this situntion of nifairs, a fow faots con, corning Roumania will bo of intorest. Rou. manla is composed of the two provincos, Wallachin and Moldavia, which wore united fn 186t It is ruled Ly Princoe Kany L, who was originally an officer in the Prussine army, and married the Germag Princess Ertzaneru Vox Nruwien, The legislative power is vested in a Parliament, conalsting of o Henate of 76 membors and ¢ Chambeor of 167 Depatiea; the Executive, in the hands of tho reigning Princo, assisted by a Council of five Ministers, Nearly the ontiro population belongs to tho Greok Church. It haa n population of 4,685,510, of whom 247,424 are Jows, tho remainde Christinng, It b1 a network of milways conncetiug tho Capital, Buchnrost, with Western Europo and with Russis. Its prmy, which {8 a vory powerful one, is divided into four clnsses: The permanent army and it reserves, cmbracing 8 rogiments of infantry, 4 bnttalions 6f riflomen, 1 battalion of pom plers, 2 compaules of foot gendarmes, | compnny of diseipling, 2 regimonts of hus sars, 1 squadron of iustruction, b squadrong of horse gondnrmes, 2 reghinents of 7 bat. torios, 1 compnny of pontoniers, and 4 com. panies of enginoers, besides workmon, hospital and transport service; socond, the territorial army and reserves of 22,463 in. fantry and 12,184 cavalry; third, the militia, composed of all thoso between 21 and 8; years, not drawn for the poermanent or ter. ritorial armies; and, fourth,etho National Guard, including all men from 87 to 46 yoar of ago, who may bo ecalled out for garrison service, If Roumanis, therofore, takes parl in the war, it will probably add at leas| 100,000 effectivo and trained men to the Sclavic forces now in the fleld. TILDEN'S CANAL-RING REFORM. Gov. TrLoEy has planned an * nggressive® canvass, It is to be made upon tha assump. tion sud tho assortion that he is the model reformer, Lthe very embodiment of refarms ta Lo aceomplished and thecxponent of reforms nccomplished, Iis olection will bo urged upon that ground, and upon none other, Hi pretonsions aa a reformor teat upon his *at. tack,” as it is styled, npon tho Eric-Cannl Ring: 8o much ado has been made about it, aud so loudly hes Tiznex's * domalition ™ of that Ring boen advortised; that publio curios. ity hins been provoked as to what has Truney really done against that Ring, which has sa long plnndered the commerco and corrupted RED TAXATION, Tho tax-dodger of the Z'mes, who rofuses to contribute to the support of the City Gov- ornmont, and compels his neighbors to pay his taxes for him, is not going to divert tho attention of Tz Tniouse from the actual necessitios of the city, nor tomptit into mud- throwing by ita billingsgate aud incondiary bosh. We intond to pin him down to the actual figures, and thon demand a categorical answer. If he rofuscs to mako it, ho stands confessed o public cuemy. Tho Zimes hea hitherto demanded that no taxes should be paid at all, that the dopartmonts shall bo closod, and that thecity shall look elsewhere— it Lina not told us where—for the money with which to meet its current expenses. In answor to this incondisry suggestion, Tur TrinuNe has takon tho ground’that taxation should be reduced a3 low as possible, and that exponses should be cutdown to tho very lowest notch, but that the pruning should not bo 80 close as to disturh or disorganizo impoltant depnrtments, or loave the city without proteotion. The Zimes has now turncdasomersault, and, instead ol demanding that no money shall be furnished by tha tax- payers, it makes tho demand that tho elaim of “fvo millionsa year from property which cannot be made to carn that amonnt™ ba re- dueed to two millions n year, *an amount considered by tho best informed men among us to be sufficient to moot the necessary cost of nll the City Govornmont that is necessary.” ‘The Z'imes ig'cutitlod to somo crodit for having incrensed tho estimate of tho ex- penso of running the City Government from tha politics of the Empire State, nothing to two millions, but now lot us sce it two milliunsausnm;:iunt “to meot the g:‘?h n}m g l]o o8 ln;:\vn m'fl ‘ nbnu'; nocessary cost of all tho City Government i 10g, 10w, g0, L stole, and stole, and Tipen has taken the trouble, through his organs, to let them all know that ho lws smashed the Ring. DBul the particulars sro what the public has yoarned to bo placed in possession of, How wwany of tho canal-thiaves has Taroex sont to the Stato’s Prison ? and how much of theis ill.gotten plunder has ho recoved for the pouple of Now York, to whom it bolongsat ‘These aro the questions upon which Trupex and lis organs have been kignally slow te impart information. Perhaps we never sbould have known, but that Gen, I. V. TBoyxToN, the well-known Washington corre spondent, has curofully collated tho fact from official rocords, and whick Tae Tain UNE roprints in this issue, showing pracisoly what Trupex has done in the way of demol ishing the Caual Ring. The result is to do velop that the sum total of TiroEN's warfard ogainst the Canal Ring bave consisted iv going on with o sult brought by the Re publican Attorney-General, BagrLow, unde the Administration of Gov. Drx, and in causing two other suits to be instituted agninst the Ring. Of the three suits, om lins been dismissed by the Court, one is stil ponding, and, in the third, tho conviction of ono of the Ring-thioves, Lonp, was ob tainod. Tle is not in the Ponitentiary, how aver. Heis permitted to run at large, bo cause his father is n power among the Now “York Democracy, and has to bo conclliated by Mr. Reformer Trzoey, Of all the millions dtolen by tha Canal Ring, Gov. Tion, by his attack thereon aforesnid, has recoverod— not a dollar; and the Ring-thioves are aa so. ouro in thoir plunder as before, and not one of their fraudulent cortracta hins been an. nulled, though to the lawyors cmployed by tho Tmpex Administration to demolish the Ring $100,000 feca hava been paid oul of the State Treasury, In viow of the facts, was evor thore smaller foundation for such onormous pretensions as theso of TrLozy to be the professional reformar ? Gon, Bornrox contrasts with this ‘canal. roform rocord of Trupzx the reform nccom. pliskied by a singld Republican officinl, Sec. retary Bristow, which makes the exhibit yet moro paltry for Tizpey. Bussrow com- menced smashing the Whisky Ring shortly af- tor Truoex mada protenge of doing the snmo thing with tho Caunl Ring, In one yenr 110 of the thioves bad boon convicted or had pleaded guilty, and twolvo had fled the coun- iry to escape conviction, and over 600,000 récovered from tho Ring have alroady been covored into the ‘I'rensury, DBut Mr, Bnistow was not & professiounl roformer, ns M, TiLoes is, e e— The statement ia now made that tho notifi catlon sent by Vanpezainr and Scorr to the Poat-Offica Departmont concerning tho dis. continuance of the fast-mail trains was in complinnee with & request from Postmnator- Goneral 'FyNes 1o hiave an immodiate intima-. tion from thoroads whethar or not they would comply with tha torms to which tho Govern. mont is limited by the new Appropriation bill, Of course the fast matlscannot be kept up on the basis lald down by the Domocratio Congress, anditis botter that they should bo stoppod now, so Congress may ascertain the publio fecling on tha matter, , than to loavo it till after Congross shall have nd- journcd: Tho hopo is exproasod in Wash- ington that there will ba such o popglar de- mand made npon Congress for their resump- tion that o specinlappropriation will beade to that end. Whethor ornot this will ocour, will depand npon how valuablo those trofos have really boen to tho commereial public. reer— that is necossary.” Tho intorest on the city bondod dobt is & round million of dollare. Tho interest on tho floating debt, oceasioned by tho rofusal of tho dodger of the Times and othors to pay their taxes, is 800,000, which ropresents the intorost on uncollected taxes, Hero i an amount of $1,300,- 000 on interest account alons, which, taking the Z%mes eatimato of the cost of the Qily Governuent, leaves $700,000 with which to run tho city, but the gas alono costa over #700,000. ‘This, therefore, would leave nothing for the police, nothing for the Fire Department, nothing for the Bonrd of Public ‘Works, pothing for the wholo system of public cducation, nothing for tho minor ex- ponses. How doea the Z'imes proposo to run theso departments? Simply .by sabolishing them, because thero would be no other way of doing. 'The absurd proposition of the 1%mes is tantamount to leaving the peoplo of this city without protoction from the criminal clasgos who would flock in hero from all quarters, loaving overy citizon the poor con. solation of trying to protect his property from the depredntions of thieves and burg- lars and himgelf from assault by overy bully snd bruiser on the streots, It would closo up the Bonrd of Public Works, No mors stroots would bo paved or eidewalks repaired. Tho sewers would be ungleanod, the streetsunswopt, and garbago and dead animals uncollocted, there- by spreading the germa of fatal discases nll over the city, Thoro would bo no ropairs of city proporty of any deseription. Tho aboli- tion of tho Firo Depnrtment would expose the city to nrenowal of tho great conflagrn. tions which havo already visited it, and in- suranco men would no mora take rigks in it than they would upon a barrel of gunpow- dor with a burning match under it. Tho schools would be closed, teachers discharged, and children run wild in tho stroets to loarn lossons of vice. 'T'his j& virtually what the Times proposes. Tho Police and Firo De- partmonts, the Board of Public Works, snd tho educational systom, cannot be run with- out monoy, and wo have already shown that theintorest on tho bonded and fioating debt and the exponscs of gas alroady under con- traot will more then consume the two mill- jons of dollars which the Z'iines would allow for tho cost of the City Governmont. We Liave no desire to bandy billingsgate or throw mud with tho ZYmes. If the 1%imes thinks the city can be run for two millions per sunum, why déos it not give us an jtem. ized bilt of oxpenses on this cstimpto ? If it can show that tho oxponses can be legiti- matoly reduced to this smount, withont ju. terforing with noccasary dopartmonts or orip- pling the city with pormencnt {njury, Tux "Pnmung will boartily favor the scheme, But personal abuso, incondiary bosh, and black- guardism are not arguments. Unless the J'imes can moot fuots with facta and figures with Aguros, it only occupies the- position of a Billingsgate fishwoman, ————— ROUMANIA ON THE WAR-PATH, The most important featuro of the war news from Turkey la tho probability that TRoumania moy cast in her lot with Sorvia and Montenegro. The motive scems to ba 1be samo in onch case, Bervia announced to Turkey aa her ultimatum the cession of Bos- nia, with an indefinito suspension of tribute. Montenegro announced bor ultimatum as the cossion of Herzegovina sud a strip of sea- cosst upon the srme condition, and now comes Roumania (Wallachia and Moldavia) with A memorandum to the guarantesing Powers, explaining the unsatisfactory posi- tion in which she ia placed under the Treaty of Parls, and formulating seven polnts, the 1ast of which is for the cession of tho whole delta of the Danube from Tultcha down to its four mouths, which would give it pos- sesslon of & strip of coast on the Black Sea about 80 #iles in length, and extending io- ward 40 miles, This would not only givo the Roumanians control of the Danube at its delts, bot wonld also afford the Rusulans éagy acceas luto Turkey, and would tip the scalo of streugth a9 ngainst the latter Power, To this end tho first step has been taken by the {utroduction of a bill in the Roumanian Parliament, emanating from the War-Oftice, for the mobilization of the army and calling out the reserves. This introdpces a new element into the confliot, and, taken in con- junction with the additionsl mews that & Demooratio members of Congross aro re- ported as foarful that the Prosident intends to put some United Btates troopa into tho Southern Btates aa soon na Oongress ad- journs, and are sald to be in favor of pro- longing the seasion o as to prevent it.” Fhis is n very natural desive on the pariof tho COonfederate Congress. They cannot con- tomplate with any eatisfaction tho sup- presslon of negro massacres like that which ocourred at Hamburg, 8. O, on the Centen- nial Fourth. They think it an inallensble right of the white Southron to kill off tho ‘“niggers” whenever they feel so inclined, partioularly now that the aforosaid * niggoerp * bave no value a4 goods and chattels, snd they regard it an unwarrantable interferonce on the part of the Government to protect the livea of the colored people or to intimidate