Chicago Daily Tribune Newspaper, September 2, 1876, Page 4

r's - The Tribavne. * on ons side. | { _ tionzhly good sense, TERMS OF S8UBSCRIPTION. PATABLE IN ADVANCE—POSTAGE PREPAID AT THIS OFFIC. an, postpald, 1 year, g atled to any addres four wee] X Literary and Rellgle Bunday Rdlilo Blieet . Tri-Weekiy, postpati, 1 Farts of & year, per uion WREKLY EDITION, POSTPAID, Tostage prepald. Speclinen coples sent free. To pravent delay and mistakes, be snre and give Poste ©fica addreas in tull, Including Btate nad County. Remittances may be miado either by dratt, exprens, Tost-Uftice otder, or [n tegistered letters, nt oor risk. 7 ERMS TO CITY SUDSCRINERS, Dally, deltrered, Sunday excepted, 25 centa por week, Dally, deilvered, Sunday Included, 30 cents per week Adiress THE TRIBUNE COMPANY, ‘Cozuer Madlson and Deachorn-sis., Chicagu, Bl luifyely proves that e was=- HONIST, AND OPPOSED (O THE 0N, F MICHIUAN. MALK, WHO SEL hy LVOURING WESTERN RAILEOADS iN NANCIAL TROUDLE. ‘This great Cumpalgn Document Alis (our pages of TraneNx slze. ¥ thercof suuuld be laced in the Lande of every voter i the West. Huyes and Whee! Clubs everywhere shiould order A Tilden’s Reco! for dletribution, CosT 0¥ THE RECORN, Tt will be sent by matl or expreas, with charges patd, 1y the 3,000 coples, apuclul r: Bead vuders Iminediately for Wood's Musonne. Monree strect, butween Denrburn sod State. Rivale.™ Afterhovi aad eveuag. **The % MeVicker's Theatre. g utaon ateeet, vetween Deatborn and State. Py “The, 2 Alternovn sad eventig. s Hlaverls’s ‘I'hratro, Randolph stres between Ulack sud LaSalle, The Cslifurnia Miustrels. Alternvun aod ayeniug. New Clilengn Theatre. Clark etreet, hetween Lake and Gaudolol. Hooley's WMindlruls. Afternoon utid eventag, Adelphi Theatres zrae streel, curner Dearbori. arlety performe SATURDAY, SEPTEMBER 2, 187¢, Greenbacks ut tho Now York Gold Ex. change yesterday closed at 904, Dufing the mouth of August §3,111,936 of the public debt of the Umted Statos was wiped out, The 9th of Su[)tox;nber is et ns tho day when Aspur, Hasp L, the new Sultan of “'urkey, is to bo girded with the sword of DssaN, What wiil he do with it ? PSR According to the recent census taken at the Rted Cloud Ageney, it appears that there sre but 5,000 Tndiavs, all told, t that point, the numbor of grown males being but 1,000, "This cenaus wjll be used s a basia in the jssuo of rations in the future, and the many bucks who now had rather fight than eat will very likely go with empty stomachs when the winter scason approachos. A case of yellow fever in Br’mfidyn lins crented romo consternation nmong a nervous clasn of people who forget that isolated in. stances of the sort in Northern ports are by no means unconumon at this season of tho year. At Bovanuah, Gn,, there is more cause for alarn:. ‘Fhero the weather is very Lot, aud there huve Leen twenty-four yellow- fLover interments during the past threo days. ————— Ex-Gov. Paryven has been caught tripping in an azw.r.ion that thero are no soldicrs on the Ropublican Stale tickot,. Ho has said this in saveral speeches of late, unmindful of the well-known fact that Epwarp Rurz, tho Ttepublican cnndidate for State T'reasuror, wore the blue re n vrivate soldier in a large number of invs rves where he (aced- tho bullets of soldiex wavare now training with ex-Gov, Parure, At Inst accounts poor old Mr, Seruour was in a gtats of riego, his citudel nt Utica being beset by a horde of Democratic politicinns who were determined to reduce {he disgrun- tled invalid to the point of reconsidoring hix persnptory refusal to come forth from his retirement and take np army with the old mob onco more. 1o hiau refused poraistent- 1y, petulantly, piteously, wnd with more firmness than o evor showed before under liko circumstances, but hia tormentora are still hopeful that their candidato he will con- gont o be, Encouraging roports are received of tho emicablo adjustiment of threatened dificulties between the conl-miners aud their employers, Tu tho antbracito region of Pennsylvanis, ac. cording to information raceived yestorday by the President of the Delawnre, Lackawanna & Western Rallrond, the winers Lave accepted tho reduction of 10 per cont resulting from tho break-up of the conl-combinntion, and bave pono to work b the reduced rate. ‘T'his thoy could do with a Letter grace than ever beforo, uow that the reduction is not all Iu the Southern Illinois coal- flolds the mincrs' strike is practically nt an end, aud operations will b at once resumed, —————mey LISTXB, of the Circuit Court, atirms tho right of Mz Evaxs aud Greeson, the distinguished Democratic tax-grabbors of South Chieago, to hold, respectively, tho oftices of Town Collector and Town Clerk, from which thoy wero rightcously ejocted by the Town Board lnst spring. There was no doubt then, and is nonu now, u the minds of a vast majority of the tax-puyers of Chicago that these bum. wers wero justly and properly bounced by the Bonrd, yesterdoy's decision of Judge BoALL1sTin's to the contrary notwithstand- ing, To reinstate Evane and Greesow may be good law; to kick them out was unques. It remains, however, - far the Bupreme Court to decide whether it . eash and £15.85 for October, 1 good law. The Chicngo produde markets woto steadier yesterday, with fair aclivity, Mess pork closed Lio per brl bigher, at §15.75@15.80 Lazd clozed Lo@die per 100 lbs higher, at §0,87) cash eud $9.70 for October, Meats weras steadier, &L Gle for boxed shoulders, 8jo for do short ribs, and Eju for do short clears. Yake frelghts wero quiet, at 2}@2}cfor corn to Buffalo. Hailfreights were unchanged. High. wines wero steady, at $1.09 per gallon. Flour wus quiet aud irm. Wheat closed 10 Ligher, ot Uic for Boptewber aud 9330 for October. Corn closed stondy, at 42{e eash nnd 42§o for Ootober, Oats closed o lowor, at 31c oash and 8140 for October. Rye was firmer, at i7}@/8c. Barley closed dull, at 78@7Y¢ for Beptember and 77¢ for October. Hogs wero dull and weak, with aalos of com. mon to choico at $5.33@6.15. Cattle were quiet and unchanged, selling at $2.50@5.00 for common to choico, Sheep were easy, at $3.00@4.50. Ono hundrod dollars in gold would buy $100.87} in greonbacks at the close, The pross-agent who forwards news by tolograph from Louisinna evidently restricta himeelf to information obtaiued from Demo. orntio sonrces, We ara told this morning of A genoral arming of the negroes at Monroe, and a threat to burn the town, but not a gun has been fired nor even a loud word spokon by the *lesding citizens," who are nlso armed, but aro proceoding with ** grent pru. donce and moderation,” If the negroes have armed and organized to protect themselves against a renowal of the murdors nnd assas. sinations which were racently made known in that region, they have dono s somsille Ahing, and it in to be hoped that their num. bers and strongth are such as to insure continuancs of ‘! prudence aud modoration” ou the part of the **leading citizens.” A criminal trial of peoulinr interest and cxtraordinary character terminated yoster- day at Bologus, Italy, in the conviction and sentonco to eight yoars of penal servitude of Guisnere ManTzoazza, sixth Marquis of Liscate. He was brought to trial on the 16th of August, charged with forgory, frand, and falsification, and it was proved that he forged the names of King Vicron Exanvrs, Prince Humnerr of Savoy, and the British Consul at Florencs, and .others, to bills of exchangs and papers deawn for the purpose of obtaining money, bosides counterfeiting tho officinl stamp of the British Consulato st Floreuce, He was successful in realizing upwerds of 500,000 francs by discounting titis spurious paper, the fact that ho was knowu ns ono of the King's privato financial agonts nasistiug greatly in‘the auccess of the frauds. MANTEGAZZA i & member of one of tho oldest aud moat illustrious houses in Ita. Iy, traciug his descont back to the year 963, aud hia trial upon the chargo of forgery has stivacted sttention throughout Ewrope. In o statomont made in court he acknowl- odged that all thee bills and docu- monis mentioned were forgories, but he absolutely denied their nuthorship. He olaimed to havo boen employed by the King and the Prince in Zona fide transactions, and in this way was brought into connection with a person whose name he refused to re- veal. Under that person's authority, which he believed to Le suflicient, he professed to liaveo ncted in good faith, doclariug that it wea not until the thing had gone too far to permit of his rotreating that he discovered (he true state of the case. It appenrs, how. aver, that the evidenca failed to corroborate this version of the afinir, and the noble Mar. quis was as severely punished ss thongh L wers the commonost felon, As bearing with cspecial force and direct ness upon the question—now being dis- cussed with great interest by tho people of the United States—of the rolalive charncter of the respective War Records of Gov, Hixes ond Messrs. Tiupen and Hespnicrs, wo print this morning in our regular issne throe docaments of unquestionable significance aud importance, viz.: Onthe first page an nccurate fac simile of tho colebrated lettor written by the then Gen. Havss, from the camp in front of the enemy in Virginin, in response to a suggestion that he should obtain a furlough and take the stump in Ohio as & candidate for Con- gross; on the second page 8 fac simile of the handbill advertising the * Demooratic Mass- Meoting"” of *“all who favor pence, all who desira to be free from the death-grip of this infamously wicked, imbecile, and tyrannical Adminlstration ” [Anraman Lincory's], held ot Seymour, Ind., Sopt. 14, 1864, and where Tox Hrxpricks wes announced in flaming type as the orator of tho occasion; and on tho third pago an expose of TiLprN's perjury in making out his sworn jncome-return, No campaign document or spoeck could bo more offective. For the convenience of the reader, the letter of Gov. Haxes is apponded : Caur or SnEmipAN's Anuy, NEan Cuantzse TOWN, Va., Aug. 24, 1804, ~FriENn 8. : Your favor of the Tthcame to hand on Mondny, It waa the first Ihind heard of the doings of the Second District Conrentlon, Many thanka for your sitentlon and nnglatance in the premlses, 1 cared very Jittlo about being a candldate, but having consented to the use of 1y namo I preferred to succeed, Your auggestion about getting a furlough to take tho stump was certainly mado without reflaction. An officer 6t for duty who at thiscrlsis would aban- don his post ought to be scalped. You may feel perfectly sura I eball do no euch thing, Wo are, and for two week past have been, in the immedlate presence of alarye RNebel army. We bave skirmishing and small affairs constantly, I am uot posted Inthe policy decmed w at head- quarters, and can't guess wa Lo the prospectof a general engagement. The condition and apirit of this army are good and improving. cnemy are siiding around us toward {1 It they cross we shall certainly have Sinceroly, R. 8. Uaxsa, Wittax H. Sxyrr, B THE PROBABILITLES OF THE OASE. ‘The commont on Qov, TiLoex's alloged falsitiention of his income return hus hereto. fors been confinod to his contradiction of himnselfundor oath, sat forth in the follow- ing extracts s Oon_ Dec. 20, 1863,| In Ala ansuer fo the r. Tinprx sicore (o u complatat i the Circult refurn under oath, inlCourt of the United which he sald: 15tates, in the auit of the 41 hereby certify that'st, Louls, Alton & Terrs the following I8 o true'faufe Ratlroad Com- and faithful statement of pany dgainst Almaelf and ihe gaine, probta, or in-fotAers, which answeer was cowe of BaMvzL J, Tin-Ulled recently, ir, TiLoxx nz::!( of the cl‘u of New dwore under oath as Joi *'hat for anch aser. whether derived vices the defendant, Tiv. from any kind of proper- peN, made a charge of ty, rentd, interests, divi- §10,000 against enid sec. dends, aalary, or fromlund-mortgage bondhold. dny profession, trade, lure, rind the said charge cmr)nymumurm.uun. was paid by or on behalf of froul any other source'of suld ucund-munfnn whatever, “from 1st day;boudholders on the 15th a of January to Ulst day ofiof October, 1862; , . Lecember, 2, boththat the defendant, Tin- days fnclusive, and sub.jors, for » part of hiv jecttoa crvlces aforesald, aleo 1oudo 8 charge of the Jike tates, Income'sum of 810,000 on sc- from all sources, $7,-count of profersional PR services rendered to the rsi-mortyuge bondhold- ers and {he Recelvers, M bich wag paid to him by tho said “Azamau & FLios, . . d ® which psyment . under dato of ov. 7, \’0'.’, in & atatenient ene Léxed 1o the first report aforessid, as Laving been receipted for Ly 1he said TiLbeN, ‘on account of urofessional services,'™ This s (ke direct prima facis evidence of his having eworn falicly to his fncome of 1662 fn order to avold the payment of a por. tion of {he Goverument tax thercon, But that this prima Yucis evidence s not mislead. ing is borne out largely by certain corrobo. rating circumstances, which it iv worth while to recall § : 1. It Mr. Tmpsy bad always intended, like an honest mau and good citizen, to.pay bis fwl propostion of taxes, he would have / returned his income from year to year on some agreed system, either by accounting for the monoy nctually reccived during the year, or by a fair and even estimato of the monoys enrnod for that year. But tho fact is that, nfter tho first two years in which the incomo tax was levied, Mr, Tinpex fuiled to make any returns, but left {ho rovenuo offl. cers to gueas at his income and nssers him accordingly, In this he violated tho law, which required him to make a return under onth, o nlso showed, by adopting this ‘{ course, that he had no disposition to nct tho part of & good citizon and honest man by paying his full proportion of the Governmont taxes, Thisisa roason for suspecting that Mr, TinDEN was not inenpable of falsifying the roturn for 1862, which his two afildavits soem to show that he did, Indecd, the re- turn of 1862 seems to have been intended by him as a sampla for the revenuo officors to act upon in estimating his incoma for future yenars, aud thao fact is, that ho paid n tax on an average aunual fncoms of only $15,000. . 2. Mr, Tiunen's private fortune is various- 1y catimated at soveral miilious,—by noue at lesa than two millions and by many as high as five and six millions. It is notorious that he made most of his 1money in railrond opern- tions during the mania for railrond oxten. slons and the construction of railronds on the Credit-Mobilier plan. Tho most fertile era for his oporations in this line was during the samo period when the income tax was lovied, viz.: from 1861 to 1872. It is only, {nir to assume that the bulk of his fortune was made in those eleven years of fruitful speculation. It is certainly within bounds fosay that, boing now worth soveral mill. ions, accumulated alnost entirely from rail- rond oparatious, at least ono million of dollars wero tho profits of those cloven years, Yot during that torm Mr, Tirozy paid tax on an annual incoms of only $16,000, which, with- out deducting anything whdltever for his liv. ing exponses, would give him an accumuln- tion for that period of only 3165,000. It mnst be admitted that the probabilitics are in favor of n larger income than that on whicl: he paid the Govermmont tax. 3. The incomo tax, liko the tax on gross receipts, stamp taxcs, efc., was essentiaily n War tax, imposed to meot tho extraordinary domnnds of tho Government on account of the Rebellion, . Mr. Twpey, it is kuown, had uo sympathy with the prosecution of the War for the Union, Ho hnd rofused to unite in n call for a Now York mass-meoting to sustain the Constitution and the law, at the time Sumter was fired on, e acted constantly with the peace party in Now York. He was a membor of tho Resolutions Committes of the Democratic Convention of 18¢4, which adopted the platform declaring the War a failure. Ho was and is n belisver in the doctrine of State Sovereignty and the inherent right of secession, Actuated by sentimenta of thia kind, it was natural that e should be particularly indisposed to con- tribute any tax to the Government which was designed to moet the oxpenses of the ‘War, maintain the armies in the field, and prosecnta to successlul realization the very principles to which he was opposed. His synipathies were strongly allied to bhis greed in avolding the payment of a War tax. 4. It was nbout tho time that Mr., Tinoes is supposed to have falsified hiy income tax that ho wos engaged in the work of *re- « organizing” the St. Lonis, Alton & "'erro Haute Railway Company. He was engaged, ncted, and received liboral pay as an nttorney and trusteo for the Company, for services in taking up one set of securities, scaling them, and substituting another set. Yet itis certain that, while acting as trustce, La divided with*three others s number of first-mort. gego bonds amounting to $181,000, and thero is roason to belicva that Lie and his associntes sppropriated still othor bonds and stock smounting to sevoral hundred thousand dol- lara, Takingthisviow of tho case, he was guilty of brench of trust, which the Chicago 7mes (oow supporting him) frecly charged upon him, But taking his own view of (Lie mat- tor, as gt forth in his answor to the Alton & Terre Hanto suit, he made the purchase and roorganization of the rosd on his own account; then ho was guilty of obtaining money under false pretenses by charging the Company $36,500 for bis services in the mat- ter on nltorney or trustce. This, wo say, was nbott the same time thatho made his in- come return of $7,118, Now, is it unreason- able to suppose that a man eapable of Lroach of trustorof obtaining money under false protenses would hesitate to falsify his incomo reburn ? 5, Tho point has been made that Mr. Tir~ peN would rearcely contradiot himeelf in two sworn siatements as abovo unless the ap. parout contradiotion were suscoptible of ex- planation. There are two answers to this, which incroase the probabilities that his first atatoment was false. In the first place, thero was an interim of fourtesn years betweon the two statementa, ond whon Mr. Tipex recently made his sworn answer to the railroad suit it probably never ocourred to him that ha had ever made & sworn return ot his income for 1802, or ho would have omitted the specifio mention of having been paid 320,000 by one client in a y#ar when ho swore Lis entire in. come was less than $14,000, In the second place, though it has been nearly two wecks since the contradiotion of the two statemonts was exposed, Ar, T1LDEN bns made no pub. lio effort to reconcile them, the Democratio managers have not spokon for him, and tho explauation snggested by his privato secre. .tary is confessed to be weak and unsatisfac. tory. Unless Mr. TiLoeN makes good the threat of liis homa organ, the Albany Argus, and sues the Now York Z'imes for libel, an- otber probability will be added to the list sustalning the prima fucis evidence of his two afidavits that ha swors falsely as to his incomo for 180; & The later accounts all seem o agree that Mr, Szxtoun will positively refuse, for ouce ot least, to be a candidate for Governor of York. He gave the Democratio party due notico that his would not be their candidate, but they acted upon their former experience in this regard, aud rolied upon the fact that, notwithstanding all previous protests, Lie had slways finolly consented to the usoof his name wherever an office was in prospective. But Br, Bersoun evidently has no desive this time to play the catand pull out the chest- nuts for Alr. TiLpeN in tho role of monkey. It is likely that he is not at all ambitious to holp elect TiLpex to the office of Presi- dent to which the people would mnot elect him (Sevaroun) when ho ran for it Moreovar, his health scems to be tho prime consideration with him. It will bo a severe blow to the Democracy of Now York, and one from whish the party will not be likely to recover, if Bxvuors persists in his refusal to be their candidate for Goveruor, Tho way in which the nomination was pat upon him, despito all his protosts, shows that 1. oex and the New York Demoorats look upon bim a3 the forlorn hope for camrying the State. 1f thoy shall Lo forced to come down THE CHICAGO TRIBUNE: SATURDAY, SEPTEMBER @ e | 1876—"TWELVE PAGES. to such small fry na Cranxson N, Porren or the volatile Donsterssr, it will bo a foregone confossion of defent. ILLINOIS AT T OENTENNIAL It is one of the crowning inflictiona of tha Philadelphin Centennial Exhibition that it muat, of necossity, oxpoio the American people to a flood of oratary, sotting forth, in moro or less bonstful nnd panegyria strains, tho glories of ench of the rovoreign Stntea, As thero are 33 of theso #tates, tharo must bo 8B of thesa orations, pronounced by #8 orators, solected by 88 Governors, not to apeak of tho Territories. Illinois is.40 be congratulated that hor part of the eulogistio work is over, and that it was well doho, and sho can now resume her work, and look on seroncly ot the other States na they filo up in turn to take thelr share of tho oratoricnl doso. As tho task, howaver, has been por- formod, it is fortunato that it was well, thor. oughly, and offectively done. The Rov. Omanzes H, Fowren, D, D., LL. D., was tho orator of the occasion, at the request of Qov. Bevenmol, osnd that ho filled out tho roquest exhaustively nearly cight columns of cloacly-printed nonpareil typa benr witness, 'Tho span of human life being necossarily brief, it may naturally fol- low that in the Fugit of Tompus thera will notbo many whose siestas are sufficiontly extonded to allow thom to readit,and n Lriet glance at its contenta will therofore be in the natura of a favor to tha majority of our roaders, ‘Thore is not much that is new in Dr. Fowr- rR's oration, bnt its merit lies in the fact that he has made an exhoustive collection of the historical, military, political, commor- cial, educational, roligious, legislative, artis- tie, agricultural, moral, interial, biographi- cal, and stntistical faots of its centennial progross, aud placed them in one pack- ago that oan be conveniently filed nway for reference. To the poople of other States, and more especinlly to foreigners in quest of information as well as sight-sooing, the facts cannot but prove of oxtreme’ interest after the necessary discount for brag in this inter-Stato compotition lins beon made, Dr. Fowrsr begins at tho beginning with the nren of tho State and its physieal conditions, and cloges with 2 first-class advertisomont of Chicago in the way of a boast that will gan- greno St. Louis with envy. Botwcen thess oxtremes ho hns strung s rich varlety of facts upon a slendor throad of commient, Ho traces the history of the BState npon tho wsnccessive platenus of the Mound. DBoilders, the struggle botweon tho Algonquing and Illini, the coming of tho whito race in the persons of L Sarrz, Jovrzr, and MarqQuETTE, its history as a part of Floridn and subsequently of Virginia, its organization as a Stato, ita anti-slavery log- {alation, and its canal and State Bank periods. His sccond point is the material resources of the 8tale, its immense conl deposits, and its production of cereals and livo stock, and after considering them ho finda that Ulinois ig the first Stato in tho above partioulars; sccond, in shipping; third, in colleges, teach- crs, ond schools, caitle, lend, hny, flax, sorghum, and beeswax; fourth, in popula- tion, in children onrolled in publio schools, in law schools, in butter, potatoes, and ear- ringos ; fifth, in valuo of roal and personal proporty, in theological seminaries and col. leges exclusively for women, in milk sold, and in boots and shoos manufactured, and in book-binding, Dr. Fowwen is especinlly in- tercsted in roligions and edueational prog- oy, being himself both a clergyman and teacher, and ho boars eloquont testi. mony to the progress of the BState in tho tenchings of the church and the school~ house, 'To the military history of the State Lo dovotes much space, and records with s commendable degres of exultation the ex- ploits of her 236,000 mon in the War of the Rebellion, of Gen. Graxt in the fleld, and of Avraman Lincowy at the hend of the na. tion. Next follows an allusion to prominent living persone in Illinois of tho various pro- forsions, eomoe of whom find themsuolves Jraminent for the first time in Dr, Fowren's miinuseripts, The Doctor closes his oration with a glowing panegyrio of Chieago, of which tho following may stand na a samplo em .g Cbleage hea & dozen emplres casting thelr treasures into her lap. Ona bed of coal that can ron all the machinery of the world fur 500 centurics; ina garden that can feed the ruce by tho thousand years; at tho hoad of the lakes that glve her a temperatnro as a summer resort equalod by no great ety In the land; with o climate that Insures the health of cr citlzens; surrounded by all the great depasits of natural wealth in mines, and forests, and herds; Chicago ls the wonder of to-day, and will be the city of the suture. All of which will be gall and bitterness to Bt. Lopis. Oulside of that city, Dr. Fows~" en's oration will be regarded 0s n very elo- quent nud comprehensive statement of Illi. nois’ progress, embroidered with an airy hem of brag, that might have been expected, however, upon such an occasion, If there are any churlish or fastidious people who tako objection to snch long and personal flourish of trumpots, it is their consolation that the trumpet will not be blown again for another hundred years. Kor the comfort of our descendants who shall eomo to the next Centennial in Chicago, Anno Domini 1976, population 5,000,000, wo hopo (heir Centen- nial trumpoter will sound a blast as lusty and vigorous as that of Dr. FawLri BWINDLING BANKERS, In 1874 Mr, Baunen Oaxney began the business of a public boenefactor in London, and in less than two yeers Mr. Baunen Oax- ey finds himsolf A convict and sentonced to five yoars' penal servitude. Mr, Oaxrey Lnd been in busiuoss, and failed so disastrously that his schodule in the Bankruptey Court revonled but a farthing of asscta to ench pound of hia debts. His experience, how- ever, he olaimod, was of immense valuo, be- causs it roveated to him o plan whereby he could botter Lis follow-man and elevats ke moral and material welfare of society. iy schemo rested for succoss on the credulity aund avarice of the publle, and he was not disappointed. Ho assumed that, of all tho foolish people in the world, thoss who have a little monoy to invest are the weakest, and that it was only nocessary to got this money Ly offering these people a large intorost or profit. Mr, Baunzn Oaxury, as propriotor and manager, therofors annonuced the open. ing of the Co-oporative Credit Bauk, to be opersted upon an eutirely new principle,— Mr, Camney, though the proprictor, gen- erously offering todivide the profits among his customers, Beveral stock banks had boen doing a profitable business, and had divided liberal profits among the stockholdors ; but the Oaxrry machine was to discount all such institutions, His bank was to Le no ordinary concern, yielding ordinary or even extraor- dinsry profits,. Ho wes cxperienced as n financier ; ho had mastered tho solence of banking ; he thoroughly understood the way of handling mouey so es to mako it pay. His Lnowledgo was, however, his own property, and, while ke could not publish to the world in dotail how it was to bo done, ke neverthe. 1ces 5o well knew how to procure 80, or even 40, por oent profit for tho bank that he could guarantes to all his depositors n dividend of 18 per cent per annum on the money they should put into his Co-oporative Credit Bank. 1t waa ndvertised that the bank was to bea great public bonofactor, bLecause of the financial aid it wad to extond lo all great *mensuros of productive industry, giv- ing employment to labor, dovelop- ing improvements, and generally bless. fug monkind with ita rosulting con. sequencos, Every ontorpriso was to find in the bank a prompt auxiliary, and a weekly publication was issuod to give information as to the progress of the institution, Yor once, and at last, capital was to perform the groat sorvice of promoting and fostering enter. priss, Gentlemen wero also engaged who traveled tho country delivering lectures to explnin (atter tho mannor of our greenback financiors) the operations of co-operative credit, nud to invite the people to participate in its profita. Farly in 1874 the bank opened for busi- noss without one ponny of monoy on hand, Soon the victims began to appenr. Men and women, with their £10, £20, or £100, pre. sented themselves, handod in their money, and bocame co-oparativo partners in the bank, Tergons depositing largo sums were politoly toudored the office of Trustee, whilo those residing in small towns boyond London wero authorized to open banks to roceivo subserip- tions, The bank prospered, Money ponred in from all quarters, The bank made monthly dividends, and always at the rate of 18 per cent, Each monthly dividend was thoroughly advortised, and new subscribors came with their mouey. BSubscribers even deposited their dividends, secking to swell their capital by the accretions compounded. At tho end of 1875 there had been paid into the bank £50,000, or $230,000, "T'ho bank on the first day of each month sent the check for tho 18 per cont dividoend to each stubseriber, who, exulting in tho magnitude of his investment, nover dreamod that the dividonds wero paid out of tho monoy in the bank, and not out of any earnings of the in. stitution. In January, 1876, tho frand ex. ploded. The bBank owed its co-operative partners £32,06Y, and bad on hand in cash £1 18s 11d,. or loss than $10, Of courso Mr. Oanrey had some outside spoculations in which ho usod the money. Lhosa wero all failures, and at tho time of the collapse thoro was not actually” on hand in cash enough money to pay the wages of the clorkain the shop. Ho madoe regular * state- ments” of the condition of the institution, which always oxhibited & large profit aftor paying dividends, and the bank was thoroughly Imown to bo grounded in allthings upon the doepest religious prin- ciples. In January, 1876, ho kept the bank open sovoral days without any meney, wait- ing sod expecting somo additional deposits that ho might pay his clerks, Ho was arrested, and waos tried for obtain. ing monoy by fraudulent statements, and, after o four-days' trial, was convicted, and rentenced to five years’ penal servitude, Of the money of his victims he used about 340,000 himself ; the bulk of the funds, how- over, went in trying to bolster up some speculitivo jobs, of which the Knnsas & Keokuk Railwny loan was the chief. An- other sum was lost through embezzlement by aclork. A somowhat similar cose to this oceurred in Davarin a few yoars ago. A woman named Apzie Spirzzuew opened & benk at Munich, which paid depositors 3 or 4 per cent n month, and for nearly o yoar the bank did a flourishing Lusiness, paying tho intorest regularly out of tho doposits. Finolly tho woman took what money was loft, fled, wos captured, audconvioted. Tho render will be apt to express surprise that such a fraud should be succossful at this day and in London, and that no one of the dopositors ever dresmed that the monthly dividends were pnid out of the deposits, But have not substantially eimilar frands boen porpetratad over and over again in this country, and sonie of them evon here in Ohl. cago? How long kas it boon since an ad- ventarer boldly purchrsed a controlling majority of tho capital stock from the retir- ing oficers of a bank, aund, having himsolf elacted President, paid for the purchase by checking on the monoy in the bank belong- ing to the depositors. Tho want of value of the eworn statomenta of tho condition of banks has beon often illustrated, andso often has the pnblic been duped by soch persons that a profossion of more than ordinary re- ligious sanctity on tho part of bank officers is nccopted as o warning against possible dangers, The London caso, however, may have nn interest for American ronders bacause of the fact that the Lank officer, though profossing to bo a public benofactor, was mada to suffer the penalties of tho law enacted for the pro. tection of a trusting and confiding publia, The Staats-Zeitung of this city sesms virtunlly to admit, as the caso stands, that Mr, Tizoxx falsifiod his income roturn for 1662, gince it rejocts all the voluntecr and portisan explanations that have been miade on his hoholf, It admits, then, to this ex. tent that Tupen swindled the Government out of n tax justly due it, and that he sworo falsely in order to enable hitnsalf to do so, Now, the very romarkable answer which the Staats-Zeitung makes to this condition of things is the exprossion of a dosire that somebody shall undertaka tho job of looking into Gov. Ilavxs' incoma returns, This, of itself, ia an unfair insinuntion and the lamest possible oxcuse, But wo have no objection to offer to the {uvestigation, Indoed, if it werc practicable, wo should, not hesitate to undertake the task for ourselves. During the firat four years ths incoma tax was lovied, Gov. Haves waa au officer in the volunteor army, fighting for the mainte- nauco of the Union; wo helieva that, during all that time, he nover loft the front. Tho yay he receivod was infinitesnial es compared with the gains of the profossional railrond. wrecker, and if we aro not mistaken it was exompt from the tax, asit oughtto have bLeen. Yor four years more during the term the fucome tax was levied ho was Gov- ernor of Obio ata small salary. The por. sonsl fortune ho hes was derived, inlarge part, from an inheritance. “Tho probabili. tien, then, aro all opposed to any theory thnt Gor. larves way be caught in the same act of faliifying on Incomo return as they are all in favor of Gov. Tiuoxy baving done so. The cheracter and carger of the man are almost positively do- wonstrative that it could not be so, At the sama time, if anybody can nucortain that Gov, Haxrs in onv year swore hls income was a certain nmount, and subsequently swore he recvived threo times that amount frow u single client during that yedr, wa will guarantco that the Republican party will *withdraw Lin as a candidate for Presidont. ‘I'ho refusal of the Council to confirm the five nominations for the vacancivs in the Board of Education which were made just before Acting-Mayor CoLviy was forced out — of offico was undoubtedly tho wisest thing to do under tho cirowmnsiarcos, If there wore no other renson for such courso than to furnish an opportunity for the prosont Mnyor and Council to fill the places with men koown to bs in wympathy with the policy of rotronchment ndopted by the new City Adininistration, this would o enough, But the genoral allegation of {rregular prac. ticos in the Board warrants n change in ity personncl, and no members have any right to insist npon reappointment na n- menns of vindicating themselves, ‘Tho public intor- este aro vastly more importaut than the indi- vidunl interests of any officcholders, 'Fhe rojection of the nominntions involves no dis. credit to tho porsons rejected. We are con- vineed that Mayor HMrati's selections to fill tho vacancios will be with a view to tho re- forming of any abuses that may have taken liold on the schools’ dopartinent, and with referonco to n proportlonatoe retrenchment of expouses in that branch of the city service, My, "rLnEx was a membor of the Tndiciary Commiltee of the Now York Legislaturo which investignted the jndicial conduct of Judge Banvanp, After the ovidenco was ro- ceived, Bannanp's frionds proposed that tho Committeo recommend that ho bo removed from offico by n vote of Lhe Assembly, iu which case ha could he immedintely re- alected to fill the vacaney enused by his ro- moval, Tho other sido demanded bis ime peachment, which involved not only hi# re- woval but bis disqualifieation. V'ruoes, ot the Iast moment, when the choico had to be wade betweon theso modes of punishing the corrupt Judge, wenkened, and actunlly voted in Committee to aubstituio mero yemoval for Impenchment. The Committee, howover, did not waver, but reported articles of ime ponchment nuder which Banvanp was con- vieted and removed from offico, in spite of Tirory the Reformer, " Tho dotails of u:{disgm“s fn-izu-nght a Penuaville, N. J., on Thursday, which were prioted in Tas Tamuns yestorday, will leave & vory goneral foeling of regrot that only one of tho brutal combatants was killed. If the cowardly wretch who pounded his sntagonist to death aftor’ ho had Llinded him had beon killed nlso, the tragedy would have been complete, nnd sl decent people would have rojolced that the world was so spoedily rid of two brutes. In tho absence of this disponsa- tion, however, it is sincerely to be hoped that tho haugman way have an opportunity to complate the work left undone, and rond the surviving brute to meet Lix vietim as speodily as possible. ‘The public will over- look any undue haste or zeal in the exgoution of his work, % QGEOMETEY RUN MAD. The News and Courier, of Charleston, 8. C., gives in its fssue of Auz. 2 a couple of columns to the clalins of FitaNcis G, CArr, that hiehas golved tho problem of centuries, dlscover- ed the true relation (rativ) of the diameter to the vircumference of a circle, and broken down the Pons Asinorum of the geomcters. Mr, Cant s braodedoverhis discoveries for soveral® years in sllenca; and now comes luto print only becauso lie hus reason to fear that the honor of | his discoverles may be carried off by » distin- guished European, He says: For ahout two years past 1have held that the vencralo rula **That tlio square on tho hypothe- nusc of a nght-angled triangle 1s equivalont to tho aum of Vi squareaof the ather two sides, {s not trus inall cases, 1t {un {ruthns it refers to the twa righi-angled trlangles found by blsecting an equifateral Iriangle from terlez to hase, and in rome other ciscs, Jfrut it ln not {rue as it ¥efors to the Lico right-angled friangles found by blsecting a equare through tivo opposife angles, The rocelved science las adopted this a8 wn unicersal fruth, when It isonly true in speclal cascs. The an- pouncemont of my position In relation to this rule will 1o donbt be ‘regarded by yon as an ulmlrdll{, regarding it, an you do, 8% ano of the most plaln anil firmly estublished principles of the sclence, T'his is indced a romarkable dlscovery; and all the imore so as the ratlo of the diugonal of o square to the side of thut square cun be proven in u more slmple way than wo can detnonstrate “the generad value of the bypothenuse In any vight-ungled telfangle, 1t is evident, by the doe- trine of proportional triangles, that half the diagonal bears thy same ratio to the side us the slle does to the whole diugonal; whence the -square of the diagonul must be equal to twice the square of une side. We can only hope for the credit of the muthematics, that Mr. Cart's remarks have been misprinted, ‘I'he other discovery s that the ratio of the clrcwnference to the dhumeter of tho circle ta not %.14150... us hitherto tauglt, but 3.1839%4.... As, however, this result sppears to be bused upon his “veusoning™ about right-angled tri- angles, tho sclentitic world will probably prefer touse the old-fushioned Higures, aud -continue to reverc the menmory.of VAN CEULBN, whose tombstonedoesnot yetlie about tho reasoning fn question, Mr, Canr need not fear thut bis hon- ors will be appropriuted by “Dr, OLuchs, the distivguished Germun mathematician,” or any other scientitic man, OBITUARY. PELICIEN CAIYAR DAVID, Oneof the great French vomposers I8 dead— Freicinx Casan Davin, He was born at Cud- eret, Department of Vuucluse, in 1810, and ro- celved his first Jessons in nusic from his father, Whilea young cholr boy in the Chureh of the Holy Savior nt Aly, he attracted attention and secured admittance to the Jesult Colicgo fn that «cityy In which he soon became distinguished for hiaskill as u violinist. At un carly nge ho be. came sssistant conductor of, the theatre orenestra, 11 1830 he went to Parls upon the suggestion of CuEnomINl, whose notice had been attracted by onoe of lils compositions. e entéred the Conservatory, where ho studied under Lesvrun, Frris, Hesotsr, aud Rungn, He soou lecame an ardent advocate of the doctrines of St. Sfmonisu, and composed all the canticles sung at Meuilmontant, On the dla- solition of the eect he went to the Orient In company with some of his companious to real- fze his theory of life. The plague drove then from Egypt through the Desert to Syria, Davip consollug his fricnds with his playing upon » plano which they dragged along on their tire- dowe mnarch, Neturning to France in 1885 he commenced in reality tho battlo of lfe. Its first publicatfon wus u collection of * Oriental Mclodles™ which met with a cold reception. 1n 1344 Lie finished bis choral symphony, **The Desert," s magnificent work which ought to be better known in tLis country, Its success was immenee, and It made the tour of Europe. Davip was famons, and the muele publishers eagerly sought for his compositions whether guod or 10 1366 he made a visit to 81, Pe- tershurg Moscow, where his works were played succeestully. In 1863 ho recelved the grond blenutal prize from the Emperor und was named un ofllcer fn the Legion of Honor, In 1860 ho beeame Librarfun of the Congervatory amd ulso member of the Institute. Ho wrote several operus, ineluding * Molse Sur le Sfnal (1646), “Christopha Colomb ** (1648), Pearl of Brazil (1851), * Nereulaneum,” aud ¢ Lallua Rookl'’ (1 ‘The uinth annual reunion of the Fifty-secand Ninats Veteran Volunteers! Assaclatlon I8 to he ield at Geneva,, T, ept, 13, *All ure Invited to sttend. Menibers of the Associatlon who cannot attend are requested to notify the Bee- retary, Hexny C. Enwanos, st Duydee} I, Senator MoRTox und the Tlon, I, 8, Rongar- sON wie to be st Elkbart, 1nd,, Friduy, Sept. 8, and the Republicans of that ity are vieparing for a grand ratly on the oceusfon, ‘The varlous HWares und WurzLek Clubs of the county are expected to be present, and delegations will comodn from the swyounding country. The people of Bouthern Michigun have promised large delegutions, sud it i expocted to maeke “Tho | -scn, Boalon; Gen. Bl d State the day a rallgtng-tima for all Republicans wiyy. In a raliua of 30 milles, Benator Montoy witl speak In 1ho afternoon, and, ufter the toreh. ight procession in the ovenhus, the Hon, | Ronrrrsox also will addvess the peaple. neople of Elkhart extend a most vordial fuyitg, tion Loall nelghboring towns to seud delega. tiuns on the ovenston, L2 ————— Oncotors thete (tho Rapuhlica 1) Inttle-cry by 1 vjan 4> and New Yo Sutan aud Vietory 1 s o "?;nu‘.‘:"-‘z;Jgir,'l‘.’fva’.‘,‘}.)7.‘:'}.‘-‘:5.1’3-'.:?'3?.‘12’:’2 i des “I'his 8 profunlty, The Latin motto quated, appiled Eo tho Hayublicnn ekt fn ol \';l:‘l'rl:hnn?fl peired to CoxaTAXTINE [ the heavens, ani the suy trefers 10 §8 tho aymbal of the Chiritian falg) the Cross. Iis use as tho Jepublican hattle-cry Ty s Impfoun aa [t §a dlstasteful, outrugeous, and |y, conulstent with the character aud afma of that pap, ty.—New York Sun, Trom which {t would appear that ita neryiees for T1iLDRN have Jed the Sun to experlence res Iiglon. 1f it be not playing the hypacrite, wa fuay cxpuet herealter to see an evidence of jig zeal as achild of Nght {n o grand display of clurity, truth, and common dezency,—qualitiay which have not characterized that paper us g child of darkness. e e — For the convenlence of those of our readers who mny wish to observe the Occultation of Baturn by the moon tu-night, wo reproducy from our artlele of Thursdny the enleulatog Limes of contast. The outsr ring of the planet wiil meet the moon ut 1k, 43m, 2. m. and oeeupy ahout ono minute fn pussing behind her, The ring will emerge from hehiud the moon at 2h. B5m, 10s. n.m.; the western limb of the planct at Sh, 55m. 22,5 and tho eastern limb gt 2h, 56m. 03, The cnersion will occur 13 degrees west front the lowest polnt on the Juuar dise, ———— PERSONAL. Gambetta s to be the guest of Sir C. Dilke g England. Martin Farquhar Tupper s platitudinizing fa Brovklyn, Deaconsficld, Mr, Disraell's new title, ls pro. nounced Beckonefield, It 18 sald that the English Marquis of Btaford jy to bo honored with the hand of the Princess Bea. trice. 5 Mer, Motley, with his two daughtors, 18 a gnestot the Queen of Holland, ot her country-seat, the Ifutsten Bosch, The acene of HMepworth Dixon's new novel will be partly Jatd In the United States, and partly o England. The horolne wilt be a Southerner, Lord Ruescli entered upon his 85th year on the 18thult. Iohasbeen a member of Parlinment sinca 1813. In 1801 ho was ralsed to tho pecrage, Mr. Gaston Berardl, son of the editor of the fu. dependence Delge, Brunsele, Belglum, who {3 mak. ing o teip nround tho world, fu In this clty, o gueat of tho Sherman House, Tho *‘Wasps of Aclstophanes,” which hare worked moro injury to the youth of America thag any specles extant, have been done into Engilk metro by Mr, B, B. Rogers, + There {€'a paper at Lecds, Eng., which attil con. tends for tho Innacence of the Tichborne clalmant, and maintaina that votes should be given to ous candldate or anothor according to his blas towards the case, 3llc. Merkns, the Dutch Jonn of Arc who has been fighting with tho Servian army, bas beem -eacorted across the frontfer by a muard of gen- durmes. Ter herolsm way consldered of too poste Uvea cast, Mr, Lovy, tho cornet-player, has denled with Aolemn Indignation tho facetious irony of some newspaper correspondont who efated that he stuffea catton In his ears when Arbuckle played **Robin Adair" at Gilmore's Qardens, Mr, J. Morley's article on **Borke™ in the fourth volame of the Encyclopmdia Britannlcs, new editlon, is highly thought of in Londan, and the hope 1s oxpressed that the writer will under- take to expand ft into an Independent book, So grave an anthority ss the London Athenoum aays: ‘*It maybe worth stating, In order to ex- pose a popular delusion, that ‘Lulw,’ the female gymnast, whose recent fall from a trapeze in Dublin has excitod publlc attention, fa a man." The Rov., enry M. Field, editor of the New York Eoangelist, 14 prepacing for hin marrlage with Miss Fanuy Dwight, of Stockbridge, Mass,, an accomplished lady of one of the old Derkahire familios, 2ir. Fleld's firat wife died o short time ago. In noticing the transfer of nportion of A, T. Stew- art's establishment to Chicago, the Phlladelpnla Times inquires: *'WIill any one bo rash enough to predict that another generation will not ace the New York store tho branch and Chicago tho head- quartersy! * Judge Grant Coodrich, of Chicago, was agaln prominent this year as & delegate to the Hay-Fover Convontion at Bethlehem, N, I, There s an in- viting fiold In the annual mecling of these affiicied peoplo for the excrclsa of humoroun desceiptive talent; and we are surprised that some skiliful hand has not dona the subject Justicu before thie, E.W. Lane, tho translator of the Arablan Nights, lately deceased, apent thirty.five years of his life, working twelve hours a day, fn complling #n Arabic-English Lexicon, which covers 2,600 quar- to pages of yhree columns each, The Ilexicon Iy still unfuished, but s in such astate of forward- nues that it cau be completed from the manuscripts left behind, ¥ The Yale crow at Philadelphia was boaten mag- nificently; that la to say, it earncd more honor than dlsgrace from its defeat. Tho old Loudon professionals at the finlsh were but half a length in advance of the college-bays, and wero only en- abled to win at all by a resort to tho most stiame- tees Jockoylng. On this puing all the authorltied who witnessed the raco agree. Notwithstanding the positive injunction of Tar- riet Martineaun forbldding the publication of her private lettera, one of them has already come to Hght, in wh ho cxpresees her Grat Impresalon of Tennyson's *‘In Memoriom.” She wrote! **Thera are bits of wisdom and beauty—inany; but the impresafou of the wholo 1s more thau odd —It 1a dlsagrecabls, to wy feeling, " At the recent distribution of the prizes by the University of Fronce, where the students of the chite! colleges fu the country compete in common, the eight prizvs wero carried off by a Iad named Nefnach, s Parisian bankee's son. and aged about 15, 'This extraordinary ovent has not occorred for over two centuries. lle best competitors thres years hia sonlor, und he looks as innocent as he is unagsuming, e slmost falnted with smotion when the spectators and students ruse up en maso toapplaud the young geniue. o has s brother proportlonately clover, 8o long ago aa the year 1829, In a juvenile pro-~, duction entliled **The Young Duke, " Mr. Disracll| boldly announced his intenton of running & ca-§ reer in tho Houee of Lorda as well a3 in the Flouse! of Commons, The utterance does uot come from | bohind the characters of the novel, but from the’ suthor In his own person, In criticlsing tho oratond of thuday, Husays: **One thinglscloar, thats! wan may sprak very well intho House of Com- and fall vury completely in the House ofy ‘Fhero are tvo distioct styles requisite. I , in the coutso of my career, if | hava time, to give a specimco of both. Inthe Lower House, *Don Juau® may, perbiaps, be our model; in ks Upper House, *Paradise Losl'" The Londom Academy notices the use of the phrase **it I hare tine," In thie connection, xa spproaching sublim' ity fu its audacity. v LIOTHL ARRIVALS, Sherman Iouse—Col. J. Hellerman, Unlted Stntes Army, New York; the Hon, O, L. Smith, Puiladelphin; the Lon. Dexter Curtis, Madlson; Merbert Miner, Now York; 8, L. Glllett, Boaton; the Hon. #, A, Matthews, Connecticut; F. I, Clarke, 8t. Panl; Albert Hervey, Bceotland;_ the on, © E. . Ormebee, {imndnn. Vi Frovidence; the llon. g Yaukton; = the Hou. J. ng, ... Palmer Houss—C. L Lano, lowa; B, A. Turner, New York: J. A geuholmer, ' Loganvport, Tnd. 3 M. Galeeburg: H. ¢. Ollver, Indlanapolf 1lays, Loulwvilo: 8. 8, Culdwell, Omaha; W. J. Browne, England; Heary Itose. Englend; C. it. Gurrisods 81, “Loulss Window Alidordice,' U8, N. 3 G, We Adomy, 3 1L W, Peters, Manistee; R, F\, Scott, ticiucsville, "I'éxas....Grand Paciis—Conns do iochechouirt, French 'Ambasssdor to Japani Connt do Irnctourt, Attache to L Capt. Lo Tlon, Chlef of Military M Alexandro Tenckendorft, Coptain Ru Huzzara; Mllo, do Belucea, Mme, Sattarelll, Maurlca 'Strakosch, ban Franclaco; B. Wait Ligge, Helghum nlaf Conumislon; Mite, Eudoxio Kuusuitzo beria: Green Clay Goodloe, United States st Michigan; John ', Rayinond (Col. Setlersy, Calic ifornla); J. Lang, "Dunden (Scotland) Adeertieers B. Crue, Metbourne, Australia; the lon. Juscph Ulley, Dizon, 1% Qen. O) M. Briukerl i Judge I M. Aller, Luave Springficld thie Lon, J. ¢ Unite . ¥ Wintor, 8t Tauls tho, 11 ;l‘nlglu:ll.‘}?. lorion, Mlwau i ‘;‘M‘ uskeyon; the Uon, J. C. Waturiae! b U indoma, Now Xork,