Chicago Daily Tribune Newspaper, December 12, 1876, Page 4

THE CHICAGO TRIBUN markot was quiet, at 6@10c decline, closing Cattle woro dull and common to choice quoted at §2.650@5.00. Sheep sold lower, Onehundrod dollars in gold would buy $107.12} in greon- bncks at the clos: not a dollar lies idle n dny. ordinary run of business, hn is an ex- ceptioually modest or unfortunate man who canuot mako aloan to buy veal estate or en- Iarge his business. It s this universnl prac- tlea of borrowing and lending which gives an nbnormal stimulant to npeeulation, mnkes | renedied, men bold and venturesome, tempta avery- body to go boyond his moans, and inflates prices till n collapso comes. 'The confidouce once impaired, the systom fasuddenly check. ed, the shrinkage sets in, and the endurance of tho depression is measured by tho extont of the provious inflation. This theory of the financinl deprossion which hns now Insted over threo yenrs, is borne out by a compavison of the relative suffering in different countries, Thora has been a depression similar to’ that In the United States in England, Germany, Aus- trin, and those countries whera tho' system of credits corresponds to our own, Dut weak at &5.50@0.15 - The Tribwe, TERMS OF SUBSCRIPTION, Tho nemo of the Chilef-Justico of Oregon is W. W. Urroy, residing at Portland, the Capital, Ho hnan brother, a banker living in Rochester, N. Y., named C, E. Uprox, This brothor telegraphed to the Chiof-Jus. .Aice Inst Saturday, asking whether the Gov~ ernor of Oregon had the right to declare s vacancy in tho Electoral College, and to fill it by tho appointment of any one. Judge Urrox's reply to the dispatoh : TontLAND, Oregon, Dec. 0, 1876 [By Tele- gram].—Mr, U. E. Upton, Rochester, N. Y.z In reply to your questions, the statate of this State authorized Cantwitair and Overs to fll vacan- Thelr votes arc cast for Haves and atigehed to tho State canvasa certifled under State seal of Oregon. ‘The Constitution prohibits Execatlve ex- erclaing Judiclal functions or passing on Warrs' Gnoyzn only hoped to throw out & L EEN e Parts of a year, per nontfi.. WEERLY EDITION, POSTPAID. §8% &3 g Bpecimen coples sent free, - To prevent delay and mistakes, bosurennd give Poats Ofieo address in full, Incinding Btate and County. Temittances may bo maade cither hy draf Post-Oflice order, or [n reglatered letters, at our risk. TXILMS TO CITY BUBSCHIBERS. Dafly, delivered, Bunday cxcepted, 25 cents per wook. Dally, deltversd, Bunday facluded, 30'centa per weok Ll THRE TRINUNE COMIANY, Carser Madison and Dearbol gium, Bwitzerland, and Italy, where the busi- ness habits of Frauco are more closely fol- lowed, have suffored comparatively little Now in France there is. so to spenk, neither borrowing nor lending. "There aro no savings bauks, bandling five thousaud million froncs of the surplus enraings of the people. The commercial banks ave kept for tho buying and selling of exchiange and other business conveniences, but they are not loan eatablishments. shopkeepers own their mills and stocks, and donot carry them on eredit. When men buy property they buy only so much s they Wood’s DMusenm. gMonroe strect, between State and Dearborn, ** The ‘olleen Ziawn. " — The Sonate was chiefly occupied yosterday in the debate of Mr, Epuuxps’ proposed ' constitutional amendment, which contem- plates that the Electoral voto for President and Vice-Proaident shall be counted by the Bupreme Court, the Court to disregard errors of form, and to be governed by the substan- tinl right of the motter in cuses of contest. Tho debate was mainly carried on by Messrs, ‘Epxunps and Montoy, the latter strennously opposing the plan of making the Supremo Court a political body, the grand Returning Bonrd of tho country, ns ho expressed it. Mr, Morton {8 in favor of dispensing with all the cumbersome machinery of tho Elee- toral Colleges system, as well a3 the presont constltutional provision for the election of President by the Houso of Reprosentatives, and of substituting in thoir places tho sys- tem of clection by a direct voto of the Maverlys Theatro, | strect, between Clark and Ta! B B Tsbary Tronbadors. |+ Toe Brod MoFicker's Thentres , botwesn arborn }t’nn-ne-c"e'f’n'n. S50, Florence. *The Migbty oular," Adelphi Theatre, -'utnrw street, corner Dearborn. Varlety entortalne ont —re SOCIETY MEETINGS. APOLLOCOMMANDERY OF KNIGRTRTENPL ~—Bpecial Astembly in Conclava this 1or Instaliation of o are courteously Invited. Dy order of the e, e p——— TUESDAY, DECEMBER 12, 1876. Inrge amounts or for a long time, it {n‘in- vested in national sccurities of some kind; in small amounts, it is put into specie and condition of things. France may suffer, ns it has suffered, from the decline throughout the world in the demnud for its products, but whon a people own what they have nnd aro not in debt, there is no danger of an abnormal shrinknge in valucs or n general Grecnbacks ot the New York Gold Ex- chnngo yesterdny closed at 03}, . — There is a gleam of encourngement to the taxpayers in the notion of the County Board yestorday in rofusing to givo McOArrrEY nnd his Committeo carts blanchs to erect addition- ol buildings at the Poor-House. A disposi- tion was shown by the new membors of the Board to keep an oye on expenditures of this Xkind, and to insist upon knowing where and how the money goes. If this should prove 1o bo the beginning of the end of Ring ras- cality in the Board, then indeed wonld thero be causo for thanksgiving, — The Demodracy of Ohicago have decided not to declare war for the present. will not even hold a mass-meoting and talkc nbout war until orders to that effect are re- coived from New York aud Washington, they propose stand by the Houso of and will nover, no never, desert that interesting collection of patriots. accidental circumstance that the H. of R. has o mpjority, and is bent on electing Tiroex anyhow, of courso has nothing to do with this heroio devotion of thess Ohicago Re- formers; it's the principlo of the thing they look at. But it is none the less gratifying to know that we aro not to have war right off, THE PHILOSOPEY OF THE PANIO. Mr, Davip A, Wewis, the distinguished economist, has been delivering at the East n lecture on *‘The Presont Industrinl, Com- mercial, nnd Finoncial Depression, Itas Causes and Romedies.” From the reporis of this lecture which we have geen, we should say that, while all the circumstances described by Mr, Werzs have exerted a certain in- fluence in producing the depression that exiats in o large part of the world, his state- ment is partinl, aud rather empirical than ‘The increass of production rosulting from the enlargement and improve- ment of labor-saving machinery certainly ac- counts, to nlarge oxteut, for the troubles growing out of what is called over-produc- The opening of the Buez Canal hns probably tied up considerable capital in sail. ing vessels, but, on the othor hand, it has increased the demand and profits of steam- vessols, The dendlossof capitalinvestedinun- productive railroads, which BoNaxy Pnioz likened to digging holes in tho ground, wns undonbtodly & main factor in tho collapse that came in this country. caunses which Mr. Werts does not mention was the destruotion of property in thoe two groat fires in Chicogo and Boston, when probably $300,000,000 of property was laid waste, or o sum nearly equal, perhaps, to the capital invosted in rnilroad entorprises that are absolutely unremuncrative, tion of property incidont to war, nnd the vast gums invested by Governments in im- proved implements of slaughter, are likewise appreciablo incidents of the general depres- And, in the sama way, other circnm: stances might bo enumerated that opernted to a greater or less extent in producing, in- tensifying, or prolonging the period of finan- cial and commercial distress, ss though there should be some more general and comprehonsivo theory of tho panic, that will account not merely for the present de- pression but for the recurrence of similar commercial crisis from timo to time, It has occurred to nus that the true explana- tion of peroidio financial depression is to be looked for 1n the wide.reaching and all-per- vading systom of credits with which the busiuess of thls copntry is honoy-combed. Wo take thia country as an illustration, though the same oxplanation will apply to other communitiesdoing business on thesame plan. It will bo admitted that if one et of men are creditors to tho extent of $1,000,- 000,000, and another set of mon dobtors to that nmount, and tho property represented by this exchange suddenly shrinks one-half in valuo, then thore is occasionfor n genoral and cxtended dopression in a sottlemont, The creditors seek to get back ns much s they can, and the debtors to save as much 08 they can, and whila tho struggle Insts both classes are shy, cautions, and fear- ful, and all bugsiness suffers accordingly. Now, tho system of dojng business in this country divides men into classes,—oreditors and dobtors,—and every one in active belongs to one or the othor, though the reintions ohango so rapidly sometimes that it is dificult to dietin. guish ju individual cases. that overy man who has any surplus capital not activoly employed in his busincss, whether for a yenr, o month, or a day, seeka to loan it} and that there is nlways a man rendy to take it who is ambitions to doa business beyond the proportions of his own capital, Whon this surplus i likely to be idle for any length of time—n fow years ora few months—tho owner theroof usunlly loans it himself, or through an agont, onreal eatato security; when it is idlo tomporarily— 8 few wocks or a fow days—it is loaned through the agenoy of a bank, Evory de- positor in a bauk, under our system, isa Bafe-koeping and conven- {enco aro not tho only purposes for kesping o bauk account; thore is sn inducoment cither in actusl interest on balances or In establishing o olasim to borrow ; and, ineithor case, tho depositor understands that the money ho deposits is a part of the loauable funds of the justitution, A contamnplation of the extent to which this system of borrowing and lending is con- ducted will give some notion of the influ. once it mny exert ou business, Tho deposits of the Natiounl Lanks of the country are over $660,000,000, and the notual loans, ine cluding the capital, nearly $1,000,000,000. ‘I'ho doposits in tho savings banks'of the country, all of which draw interest and are reloaned at a highor rate by the banks, are esthoated at $1,000,000,000 more, probablo that the daposits and ‘loanablo funds of all other banks amount to §500,~ 000,000 ot least, sud §% is certainly within bounds to estjmate that the uore permancat | loans made by Insurance companies snd in. dividuals reach $1,000,00,000. 1lere, then, we finl that $3,500,000,000 are in use as loans to all sorts of peopls who want to do business beyoud thelr own espital and for all sorts of purposes, besides tae $2,600,000,000 or %4,000,000,00 losned and juvested iu railroad aud telegraph stocks aud bunds, Tho systews I3 univenal, In Hush times This is simply o theory of tho cause of tho panic which bhas resulted in a long de- ‘Wa can suggest no remedy. ‘The recovery from the presont depression has al- ready set in, and when it shull have bocome | /o o complete there will begin tho progress = townrd nnother panie, incidental to which will be a series of ovents romewhat similar to thoso Mr. Werts bns enumernted, but which will nevertheless be the result of tho speculation and inflation which our vast sys- tem of credits promotes. 4 HOLDING A NEW ELECTION, "Tho Ameriean peoplo have an instinetive | YOO ago.” respect for fair and honest clections. Leav- ing ont of account the office-seckers, office- holders, and oll those politicinns who enjoy | 0° placa and honors through the potency of riso up nod olitical patronage,—all of whom combined | 7 4 Eomprim ll,zutnn insignificant portion of tho ;:u !{gge Ifl:‘::,uglhom':mn "1‘3"’":1!“ g:fl‘: — - S people,—the great mass of Amoricans prefer bt Do #19b up. s go'to" outting each others’ thronts, and burning each others' houses, and involving the country north of the Ohio River iu all the horrors of civil war hore inaugurated to capture the offices for Democratic camp-followers, whilo the Solid South waited nnd watched over the river for opportunity to strike the blow that would avengo the Confederacy,~—the Whiz clinches its appenl by adding, to the men of the North: “To you belongs the tnsk.,” Cer- tafnly ; if not, why not ¥ The SBonth has had enough of fighting; ond it tho Domo- soveral of the States. The fraud in Oregon ornts of tho North want to captaro the Tost. Officen and Custom-Houses by force, lat thom " f shoulder thelr miuskets themsolves, pack thelr who defendsit., 'Cho most thatis claimed finvaranckasith hard: sk, didnarah bivay to defent by an honest clection to success by the abuse, fraud, and corruption of the bal- The man who is honestly electad will always be awarded the eloction in popn- lar judgmont, no matter by what means, le- gnl though they be, if dishonest and unfair, the other man may be declaved clectod, Tho law, and truth, and honesty may be evaded and defeated ; but public opinion is incor- ruptible, andwill inevitably sido with justice, In the rocont eleotion thero have boon charges of the grossest frauds committed in Tho corner of Spain kuown as the Basquo Provinces is likely to be tho scenc of war and tumult before long. ized the carly days of his reign by recom- mending and approving legislation whereby the fueros or special priviloges accorded to those provinces for sevoral hundred yenrs Avruoxso signal- onco hefore led to a prolonged war. The Government has now a large military force slnfl_onml in these provinces, and has loviod a tax upon the peoplo thereof for ihe support of those troops. fuge to poy this tax, alleging their inability to do so, and any attempt to collect the levy by forco will be the sigual for nrmed reaist- is so palpable that we question whother there is an fntelligont man in* tho country for it is that it sorves ns n technionlit; I ¥ wlilch: i8 4o Dbo. ‘usisted on. to oflnn{ doordie, Tho South bids them goin and get cortain alleged frands in other Biates, thercfore, is to be oven to tho extent of eclecting o President, unless it bo conceded that in Louisiana the declared vote of the State be ropudinted as a fraud. The politicians at Washington are lashing themselves into a fury, and tho most incendiary appoals are making to incito tho ooplo to tho Mexican plan of deciding all 5“‘,}0“ by 8 eivil wnr.p We think it nnfo to | cino war that tho South suggests the North- assumo that 95 per cent of the logal votersof | 0 0 tho United States are agreed that tho olection | kindling. _ ought to bo decidoed fairly and honestly, nnd Wi that the man-who was renlly’ clected ought to have the eloction, evenif the forms of law by fraud have been mnsed to elect another. Assuming this to bo the truo state of public fecling on this subject, wo prosent, ns porhaps affording ono of tho fairest means of dis- covering the truth, the suggeation in yestor- day's Tninuse, that the election for Presl. dentlal Electors be held aver again in cer- The ptovinees re- s may not have hit upon the best plan for avoiding future Presidential complications, but ho certainly takes” a very sensible view of the nature and probable out- coma of thie present muddle, Ho Gxpressed the sense of the best elements of both polit- jeal partios when he sald yestorday in his speech in the Secnate that if Congross could not agree it did not follow that the wise and patriotio men of the country would think they must fall back on their muskets to settle the dispute; and that Le did not be- liova the good sense of the nation was going to allow any resort to arms to determine which of the two cendidates, Haxes or ''ir. pey, should appoint Postmasters and sign commissions during the next four years, Senator Epv: At yesterday's meeting of the Common Council the initintory stops were taken for hie passage of a stringent ordinanco govern- ing the preonutions necossary to gunrd against firo and panio in churchies, nnd other places of publlc resort, The subject was referred to the Committes on Fire and Water, and should'be investi. gated carefully and thoroughly, with o view to the adoption of a plan that will insure tho largeat amount of safoty that reasonablo fore- 1t will doubtless be tho desiro of the Committeo to receive the bou- efit of practical hintaand suggestions ns tothe wethods best calealated to seoure tho result sought, viz.: an ordinance the strict anforce- ment of which shall roduce to the minimum the risk nnd danger of the occurrence in Chicago of anothor Brooklyn horror, The act of Congress of 1702 provides: ‘Whenever any State han hield an electlon for the purpoee of chooring Electors and has falied to make o cholee on the day prescribed by law, the Electors may be appolnted on u snbsequent day fn gach n manner oe the Legisluture of such Btate I'he suggestion is that the elections in tho disputed States, whero fraud is alleged, bo declared void, and that a spocial olection bo held in those States—sny, Lonisiana, Flori- da, BSouth Carolina, and Mississippi~for Tho law allows éuch election .in the caso named. To hold such election, howovar, would require the assent of the severnl Logislatures of the Btates nnmed, otherwise those Legislatures might appoint the Electors directly, which would by no means help tho businesa at all. Tt would require also the affirmntive declaration by both Houses of Congrpss, declaring that tho olections in these Btates wore so tainted with susplcion of unfairness as to be unsnfe to count them, and that now cloctions, with the nasent of the Btato Legislatures, be held, #ay in January, It could be provided also that these clections should bo held under the supervision of national offlce#s or com- miltees of Congross, and the results should be witnossed and certified by porsons thus designated by Congress. At presont both thought can devise, At ncaucus of the House Demoorats yestor- day the situntion was discussed for two hours, aud a resolution was adopted instruct- ing the Judiciary Cominittee to examine and report &3 to tho powers, duties, aud priviloges of tho House in conneation with tho count- ing of the Eleotoral vote, and respecting the Presidential question gonerally. It is sald thut tho sentiment of tho House Damoacracy 15 in fovor of inslsting upon tho right of the Ylouse to an equal voieo with tho' Benate in acting judicially upon the returns of overy Btate, and it i3 proposed to oarry out this prograwme, whether the Benate takes tho Messru, ‘fuunmay, Bav. anp, Booy, Keunan, aud Eston have beon sppointed by the Benatorial cavcus a com. witteo to confer with the Iouse Democrats iu scitling upon a party policy, committoes to visit theso Btates to in- quire into what has token place. What these committeos will report we inny now protty eafely guess, takingas a guide the reports of thoso who have already been there, If the prosent canvass and returns are to be overturned or sustained, that end may be far more entisfuctorily reachod by a now elee. tion held -under such circumatances os will insuro’ a3 falr and as honeat election as is possible in those Btates. - ‘Thore woull not be much probability of intimidation, or vic. lence, or of fraud, with vigilant mon of both parties of tho North prosent nt all the pre- cincts of the State. Huch an election would be poasibly fairer thon any that has ever been Leld in either State siuce tho War, On tho one hand, every mau would be free to vote, aud on tho other overy hLonest vote would bo fairly counted. Lioth parties claim o large popular majority in each Btato, aud therefore neither should bo afraid toriska sutme view or not. ‘The Chicago produce mnrketa were gen- erally less nctivo and easier yestorday., Mess pork closcd . 8240 per Lrl Jower, at $10.25@ 10.50 cash and $10.27)@10.80 for Jauuary, Laord closed 17}o per 100 1ts lower, at 30,00 @9.95 for December and #9.95@10.00 for Jauuary. Mloats were essier, at Glo for new shoulders, boxed, 3o for do short-ribs, and 8je for do short-clears, Highwines wero unchauged, at $1.06} per gallon. Flour was Wheat closod 1§o lower, &t $1.161 for December and $1,173 for Jauu. ary. Corn closed jolower, at 46}c for De. comber and45c for January. Oats closed fo lower, at 3430 cash and 383c for January, Kye was easier,at 720. Barley closed 8¢ lower, at #3}G 030 cash and €3¢ for Junusry., Thelog dull and steady. election the whola country would be satfs- fied, uud the uew President would go into eseaped entirely, and Bel- The wmonufacturers and If they have surplus capital in There ean bo no pavie in this Congress have appointed gonoy? With the result of such an In the | office without the lenst queation na to the in- tegrity of his choice. 'Fbis netion would not be likely to pass into n precedent, because, before the next clootion, the whole manner of clocting President will be reformed, and the oxisting weaknesses in the systom be ———————— FIRING THE NORTHERN HEART. The tone of the Honthorn press upon,the Presidontial questlon is in vory significant conirnat to that of the samo press in 1860, following the Presidontial election of that year. - Now, as then, the Bouthern press is absorbed in the poulstirring work, into which the press nro ever pronc to rush, of “ firlug the hearts of tho people.” '*Sixteon yonrs ngo,” exclaims the Charleston News and Courier, in n pyrotechnic burst, ** this Union of cqual Btates wns practically do- stroyed by the proclamation ealling for sov- onty-fivo thousand troops to coorco the "To-dny the use of the bay- onet in the formation of a Btats Legislaturo is but the last nct in the drama thon begun.” Quite ns lurid aro the outpourings of other of tho Southern press. * Tho outlawa in Louisiana,” says that ancient organ of the fire-cators, the Richmond Wiig, ‘*‘have obeyed the orderd”from headquarters and thrown ont as mauy Democratio parishies as was necessary to cunble them to declare the Radical Governor, Electors, Congressmen, Stato officers, and members of the Legisla- ture gonorally, clectgd,"—and so on for quan- tity in n way truly caloulnted to fira henrts. But when in their fulminations they reach the very cliinx whero the combustion in tho hearts ought to begin, with delicions irony that is Lut the more ironieal beeauso it is moant in very solemn’ enrnest, the Bouthern press engnged in this firiug-up process care- fully explains that it has retired from the Dbusiness of iring-up the Southern heart, and i8 strictly confined to that of firing the With vivid recollection, doubtless, of what eamo of firing the South- orn heart sixtoon years ago when the Copper- hends of the North aided in faunning the flames, and when these were kindled left the South to bear the whole brunt of it, the TRichmond Whig, after summing-up the out- rageous * Radical” tyrannies that are de- stroying the Republic, in one wild burst “What next?”. And that conun. dram the Wiy proceeds to auswer with this other conumdrum : Democrats dogs that they intend to sub- mit?” In othor words it might bo put,” “If thero is to bo gore, and there ought to be, go on, O Northorn Democrats, and furnish the corpaes. ‘We will look on, nnd perhaps put in n foul blow, just 28 you did by us sixteen saceded Blates, Northorn heart, Men of the North," joius in the Charlos- ton News and Coupier, at tho conclusion of its most flery firing-of-the-hoarts article, name of this land from disgrace.” As oftico or got killed. Dut then it should not claimed | o forgotion that when the Bouthern oditora wore thng firing the Northern Democratio henrt they did not know that OamenoN—not Doy, but our Gen. Dan—was fulminating his proclamation urging to ‘that same, And yet, deapito it all, not a Northorn heart bas yot been fired, and not even Gon. Dax himself will go forth to kindle the interne. orn Damocracy this time try its hand af 18 RESPONRSIBLE} Tuz Tripusz printed on Sunday an *‘ opon lottor” to Gon, Suenxax as Commander of tho Army, nnd a ciroulnr lottor addrensed to the soldiers and sailors of the lato War who are now in sympathy with Tizpex and Iev- oaicks, which together disclosed o very trensonable nnd foolhardy scheme, ‘These documetts wora printed ciroulars, and wore obtaiued by o reporter of Tux 'T'minuNe from Gen, Danicr Canenoy, who lias beon con. spicuous in the local mansgement of tho TroEN campaign, ‘Tliey bore the names of Gen. Joun M. Conse ns President and Gen. Dantern CanenoN as Secretary of the * Na- tional Vetoran Reform Association,” and purported to represent that Association, num- bering, ns was claimed in the lotter to Gen. BuemuaN, many thousauds who had served in the lato War on tho Union side. Wo nuim- adverted upon the tronsonable charactor of these documonts, but expressed the bellef that thoy in no wise represented any large numbor of the mon who fought for the presorvation of the Governmont, Wo are now very glad to print the following dis- clalmer from CGen. Conse : To the Editor af The Tribune, Cutcano, Doc, 11.—I am informed thero was an ‘'open lettor' to Gen. Bikuxax nnd tho army In your {ssue of S8unday, purportingto have emausted fromn the Natlonal Veteran Assoclation. Ibegto 8oy, it 80, 1t was without tho authority of the As- soclation, without my knowledge, and in open violatlon of my orders. Joux M, Consz, Chalrman. Gon, Consg, who was cortainly n gallant soldier during the War, has always been credited by bhis follow-oitizens with good common senso and & falr amount of con- sorvatism, Wae dr Inolinod, ‘therefore, to accept the abovo disclaimor in it broadest sonsa ; but, in doing so, it leaves somebody responsible for the unauthorized uso of Gen, Conse's namo in connection with a docu. mont which no man of patriotism and good indite or sign in these sonse would times, As Gon, also signed to this lotter, his statement will be lookod for with intorest. Was hls name nlso used without authority, orfs he alone responsible for this effort to stir up strifo and collect the addrosses of all soldiors sud sallors now in sympathy with, Truvex and lexpnices for use in case of emor- 1t Gen, Corsz's dlsclaimer refors simply to the publication of these documonts, and if ho d sign thom and authorize their ciroula. tion among former soldlers and sailors now in sympatby with TiLoes and Heworicxs, but ordered them not to be published, ke Is not entitled to be relioved of blama to the oxtent we have exonerated him, The faci that he refers to n * violation of his orders” would seem to indicate that he knew some- tifing of the kind was mooted, Gen. Oau EHON, it should be stated, furnished the doc- wments for publication very roluctantly; and TUESDAY, DECEMBER 12, 187GI. load it if thoy can. vassing Board counted; that Eloctors at all, “ Are the Northern substitution of another. rescuo tho onco fair itz wetlped. cicality not going to the marits, for Hares, Caxenon's namo was tho Chicago Tmer, which s the organ of the presout.day Rebels ns it was of the Robels of 1861, expinins that the documents wora prepared to bo submitted the approval of the leading of the ‘I''torx and Hexorioks Club known an tho **National Vetoran Reform Associa-’ tion,” nnd not intonded for publiention. But tho offonse was not in the publieation, but in thoe proparation, of the dooumonts ; and we aro not suro that tho scret and confidential cireulation theraot would bo worse than their blunt acklowledgmont boefore the world. It 18 not surprising that Gon, Consr should de- ny the responsibility, and we will very gladly givo Gen, Caamnox tho benefit of any expln- nation ho can make ng to his connection with the transnction, At the asme time, though the schemo was discovored in ita inciplency, the public will be interested in knowing just whero the responsibility for it rests, Alto- gothor, it is the uglicst and most viclous thing that has come of tho Prosidential dis- pute, nnd the Demoorats will do well to un- As peoplo becomo acquaintod with the ordinances governing the universe, with the prineiples of seionce, with the Inws of Jienlth, with the inexorable regulntions of Nature infire nnd storm, and all natural phe- nomenn, with tho ponalties that inovitably nwait the violntion of theso lnws and tho fail- ure to alopt precoutions and propor reme- diea, they recogniza tho inevitability and im- mautnbility of Naturoin all her operatlons, and the quention at onco asserts itaclf, Why did Gop give man his Intelligonco, his sonses, his instinot, his brain, oxcept to np- _proofato theso lnws, to underatand thom, and to oboy them? Thoy recognize that the Gront First Cousoe works through goneral Iaws, and that the minor laws of the universe aro mnde appnrent {0 mnon and the nocessity for oboying them eaforced by the ponalty of paln, whenco it is that foreign holdor of our who bought them with it nilvor i3 not ns valuable for gold, Germany fa hi:dwubu not demonctized g o subsidiary coln,— would bo at par with gold nmyv. gl the iustigntion of En, glish " that disturbed tho equilibrinw, andq 840 can restora it by romonetizing her silyer, 3 bonds {s Gormany, elvo months as to biame, for, silver,—reduciny Tho precsdent which tho Lonisiana Domo. ow roturns to torm Then thero was a Roturning no’::; mona organized ‘under the i law undor which the late gy nacted. Tho construotion tho Domocratic Roturning B identical with that of tho late Board. Tho Domocratio Board constrned the law as ro. to make earefal scrutiny of poworing and requiring any roturns vitiat eratanat in 1872 ng Roturning Board f the statute Ly onrd tn 1872 wag quiring that body tho returns, and as om; them to throw out fraud. Atting upon this consteaction Inw, the Democratic Returning Board tn 1872 didthrow outthovotesof nnumber of dislrloh;. Ono of thom wns Poll 8 of the Third Ward of Now Orloans, which, it soems, was thrown ont merely upon tho “protests” of citizens, tho testimony as to which, taken bofore un; Congrossional Committeo (Louisinna Investi. gating Committeo Report, pago 450), was as been the samo loss of life in the Brooklyn Theatre if tho audience had boen composed of snints ? Tho same theory which would nssumo tho ealamity at Brooklyn to bea visit- ation of Goo must assign the snme canso to all calamitios,—to tho dostruction of life by lightning, tornndoes, explosions, cyclones, shipwreck, tha plague, cholora, and all opi- démics,—to the docimation of nn army by war, or tho destruction of nn individunl by disenso which hio bes inenrred by his own This wonld place upon the throne of the universa a being breathing fire and slaughter, and characterized by qunlities of hate, wrath, and vengeanco, surpnssing even the atiributes of the most wrathful gods of mythology. In one respect it is to bo ro- gretted that such a doctrina should be preached from tho pulpit at this time, Itia mischievous, bacause thousands of poople know it is fallactous, and, boing fallacious, it only tends to throw doubt upon other doc- {rines, If o public tonchor of religion will decoive in one thing, may he not dacoive in others? Wonld it not bo moro prudent aud discreet for such tenchers to keep nbreast with sclontific knowledge and tho progress of human thought, and to know the feelings and conviotions of the people whom they seek to instruct, befora thoy advance super- stitions of past agos ? AND HENDRICKS ALSO, It is pot only Tiipex and the offices or “ wah ” that the Bt. Louls Z¥mes insists up- on, but Tizoey aud Hexoricxs also, besides #Tooth and toe-nail,” ferocious- ly declares the Z%mes, will it opposd any sot- tlomont which doos not include HeNpnicrs also; and, from the drendful way ho tokes on, it is apparent that somaebody ought to bo datailed to hold the sanguinary editor until ho enn cool down. But supposo thero should be no choice by the Electornl College and the election should be thrown into the House, —a contingeney which we don't believe will ocour, but which might arise,—what will tho T'imes do nbout Hexpricks nlso? Tho Houso could only elect o President. Tho Benate would elect the Vico-Presidont, and whero then would be Hexprions also? And yet tho Zlimes would compromise on mnothing which did not includo Henprioks also, and JUDGE TRUMBULL'S REPORT, Tho proclamation by Gen. Paumen and Judge TrusnuLy, of the New Orleans' Domo- cratlo Committee, has been given to the pub- lie. It is o singularly weak paper. Itlhns all the technicality of a lawyer attacking the sufllciency of an indictment, but Incks tho candid prosentation of tho blunt facts, The country wanted facts, and this paper omits to give them, Beyond the mero statement that tho duplieate roturns of the clection furnished the Democratio Committee shovicd over 15,000 more votes than thy Csn- Question—Any other poll thrown ont? Ansswer—Yes, nlr; Poll No, 8 of the Third Wary of the City of Now Orleans wns thrown out from protests by cliizens roceived,—Dr. Bruxs and br, Cutorriy, and Mr, Luke, one of the Unlited States Suparvlsors; the box iad beon opened soveral daya prior to the count, and thoy protested mgainst ity being recelved, and it was thrown out. And yot now the same course of procedurs by tho Republican Roturning Board upon sworn tostimony as to intimidation and vio. lonco is donounced ns an outrage mupon the votes rejootod 13,000 were Daz..voratio aud over 2,000 Republican, th~ Committee gives no light to ennble the public to form an opinion as to the validity of the nction of theBoard. The argumont of the papor is to the offect that in 1874 the State Legislature enacted o now Eleotion law, which in express terms ropealed all previous laws en that sub- joct, and that the new Election law contains’ no provision for an election of Prosidontinl If, however, the new Inw can bo construed as leaving in force so much of the old law ns provided for tho olection of Presidentail Electors, then undor that lnw tho roturns of the vote for Presidential Elcctors can only ba canvassed by tho Gov- ornor aud State officers, and the Canvassing Board had no jurisdiction over the returns for Electors, and their assumption of au- thority to oanvass such returns was on usurpation. This is purely tochnical; o question of tho repeal of one law and the Had there been such n dofect in tho Inw somebody would have discovered it defore the clection, und raising tho point now s a confession of its DISTANCES OP ITARS, “ Nature " glves the following as the mose probable values of the snuual parallaz, distance In terms of our distance from the sun,and num. ber of years required by light to traverse the distance,—light traveling frown the sun to the carth {n 8 min, 17.78 sec.: =o; ,.. 5 BE>: [Ratetaota it stutat ety o SR p S The Fort Wayno Sentinel 1a o Copperhead “wan' paper. It bellows' for blood. Last week it was on the rampage, and bissed forth Its venom in utterancea like these: TiLDEN or war {a the watchword of the Democe ey, x(gu.oqn and cn‘llmm.xn should begin to make cal desporadoca will do well to remember that there 1s 8 hereafter, —and o near one, too, The Radlcals have counted in Hayes; now let rugurate him If they can, licre no revolvors' In South Caroling, that CIAMBERLAIN 18 permittcd to exist? Ong millfon mon will e on hiand te see that Sax. vrrd. TILnN i inaugorated Presldent on the 5th ch., ‘The Democrats of Fort Wayne should keep a list of those Radicals who appland the Lonlsinna and Sonth Carolina ontrages. fent for future reforence, 1f tho spirit and nerve The facts about which the country wanted information wore: Was thoro o fair election or not? Were the peoplo of oll dogrees and conditions allowed to vote with such freedom and in such numbers, and freo of such fear and of notunl violence ns to justify the pro- _sumption that the oleotion was n falr ono? On these, tho vnly materinl points in the caso, Messrs, Paraer and Troxourn farnish no information. They mako the pointthat in sovornl oases tho report of violence and in. timidation at certain polls did not accompany tho roturns, but wns furnished nfterward, and that subsoquent to the, election testi- mony was received showing that such vio. lence and intimidation had oxisted. jection is not to tho suflicioncy of the. testi- mony to establish the faot, but to the time when it wag yoceived. 'This nlso is n tech- That unleas Mr, TiLpes abandons his claims to the vlilce to which ho hus been chosen, there aro hundreds of thousanda of Domocrats In the States of Ohlo, INlinols, Indiaun, ond dissourl who would put themselves in Washington at thelr own ex- pense, armed nnd equipped as the need required, in 1esa than ton days after they learncd thoy were The Mat will be conveu- of tho people of Lanisiana have not wholly departed, thoy will sce that the members of the Returning Board do ot long lnger WELLS and Aspeisos at least should be promptly put out of the road, As. BABHINATION IN TISIS CASE WOULD DE JUSTIFIADLE. ‘The Peorla Democrat, not to be outdone by this BompasTes Funioso, sces him aud goes one better, thusly: ‘Theeo investigations will result In the summary fmpeachment of GUANT, CHANDLEN, and they ought to rcault fn the court- Surway, Rtuaen, and half ‘a dozen other army 'What Is just now nceded Is o sweep! oxample of a fow hlgh-class criminals, . t will require the death-warrant of a usurping Presie dent to hond 1t (the Constitution) dawn” unim- ypulred to our successors and to postenty. "The 1ndianapolis Sentinel Yeeps up pretty well in hoeing Its row. For example: The grandson [Gon, Hanmaox) sali last evenin in his blandest kld-glove atyle, and in deflance ol the Decalogue, that no honest man would clalin thut the vote of Loutsjana shoukl o given to TiL or words to that effect. hat the - Loulsiana Retnrnin in this valo of teara, That sort of talk may bo popnlar nmong the bushwhackers infesting cortain localities in Missouri, of whom the Younorns and tho Jareses were specimens. Doubtless somo of them of that ilk would joyfully sot out ona ‘bumming excursion at their own exponse, on ton dnys’ notice, if assured they would not land in the penitentiary or on tho gallows. But the hundreds of thousands of voters of the West, Republicans and Democrats alike, ars opposed to the bummor programmo for Moxicanizing this country, and will leave tho Presidentinl question to be settled ns pro- vided DLy the Constitution. Not oven for Hexonicka also would liands, and when the Missouri Jaybawkers emerge from that Btato they would ba hunted down in slort order, a3 wera tho YouNeER bandita in Minnesota, At their own expenso, or at anybody else's expense, they could no more put themsolves into Washington thon thoy could lift themnselves over n stacple by tugging at thoir boot-straps, The. Democratic Committee also object that the Roturning Board announced the totals for the Electors and did not give the ' vote of parishes, so that it could be scen swhat they counted and what they excluded, The renson for this wos that the cauvass was completed only a fow hours before tho Eleot- ors were to moet and volo, and sinco then tho vote by parishes for Governor and other Stata officers has been published in detail in tho Now Orleans papors. The question at issuo 'was, Did the Cauvassing Board rejoct votes which had been impeached? aud on this point Messrs, Troymunu and Paruen furnish not & word of ovidence; they con- fino thomselves to an assumption of frand beonusea the ravised returns show a majority thoy _stay their | 0y Lz xnmcne (ell the grandson t Tionrd which counted in IAYrs cannot bo ap ctrayal af Ciiist can ho would indorse the Louistana dwhfln he wnfw |’|pblu‘ I.ullll—u! la ought to—will ind his proper fevel, but the lfl: wa do not beliove will ind his grandfat! any more than tho b ved, The man wi All thred of thosa war-path, scalping braves want the Post-Offices In thelr reapective Lowns, and that nceounts for thelr froth and fustiabi They are keener nngr theso Post-Offices than Naspy is for tho ono*at X Ronds in Kentucks. Meanwhile tho people of the threo citfes arc 08 cool as tho present weather, o cap to Inaugurate old Usufruet, elthor of his barking whelps. — ——— Mr. Jonx Briour, the Engilsh statesmsty whose sympathy for the .Bclaves has been during tho present complica- nde a specel against that recks PULPIT NARROWNESS, Among tho sermons printed in onr issue of yesatorday was one preached by a clergyman of the Mathodist denomination in thia city upon the recent Brooklyn calamity, which, in this day of thought, and knowledge, and freedomn from superstition, must have caused o shook to overy ono who read it. briofly, the thome of this sormon was the bolddeclaration that the burning of thatheatro and the rossting of the victims pathered within its walls was o visitation of Gop. Tho reason for this visitation is to be found in the nstonishing statement : * Would it bo sald that a gracious Provipenoz had nothing to do with tho fact that TarMaor's church was Durned just an honr beforo the morning serv- ice, thus proventing great destruction of lifa?” Of course, but one inference can be drawn from this romarkable juxtaposition of ovents, namely, that Taraaae’s church was burned without destruction of lifo because his congregation is composod of good people, and that tho Brooklyn Theatre was bumcd, whilejt wascrowded, beeauso thoaudionce was made up of sinners or bad people. But why, if both thase conflagrationa were visit. ations of Gop, was it necossary to’burn Tiwmaox's church at all, since tho people aro good; and why, it tho second place, it it be wrong to go to the theatre, wore 1,200 of the bad onea allowed to escape and 800 to be burned ? It will not do to answer this question by specifying it az one of tho divine mysteries, If this clergyman has authority to assume that Gon porsonally vis- ited this calamity upon the theatre, he cer- tainly will not strain his authority by as- suming to explain why any Qiscrimination was made, Again, If he sssumes that the salvation of Mr, TarMaor's poople was owing to the intorposition of Divine Provi- peNoE, how will he explain the loss of life in the. Santingo Cathedral durlng the hours ot sorvice, the horrors of the Holyoke Church disaster in New England a year or two ago, the killipg, maiming, and mangling of huu.' drods of Sunday.school children in New York recently, and numerous other similar disasters to poople engoaged in the vory serv- ico of womsbiping Gop while e waa showering His wrath down upon them ? The intelligont renders of ‘Fus 'TRibUNE, however, and the intelligent publio every- whore, will hardly care to meot this clergy- man with serious arguments, His statementa will only be met with a sorrowful protest agninst their narrowness and want of charity. The kind of doctrine which he advances would have been believed by tho supersti- tious laity of past centuries, but intelligont Christians are rejecting them moye and more Tho Chiengo 7'imes comes to tho assist- nuco of Becretary Morninn on the silver Like him, it is opposed to ro- monetizing the American silver dollar,— auceringly spoken of us tho “ dollar of the The Bcerotary insists that the dobt shall bo pnid in gold only, the Timesis this ; Mr. Monnut proceeds to show that the question to bo decided §s not ono of techuleal construction of law, but ona of understanding botween the Gove ernment and its creditors, and ono of public policy, If it has always beon the undorstanding that tho pledge given in the Puablfe-Credit act to pay the debt In coln was a pledge to pay It in gold coln, then the Government 18 in honor bound to pay in gold coln, and It weuld bo very bad policy to pay in aud would not soap Tho defense of freely expreased tions, recently mi lcas party in England which 18 the country once m of Turkey. The histor] showing what England b warg of the laat hundred ye: forcivle and {ustroctive, and W! themselyes to the prudent, caleulsting, com- merelnl English people as o very stron ment why they should not fight Russis benefit of Turkey. that for tho sake of en mand England went to war wi colonlea, wasted $500,000,¢ the colonies, which she mignt ha! somo relation to this day feal part of his speech L g: suffered in the ‘Chis style of argnment is called begging It hns not always been the undurstanding that the pledge to pay in coin 1neant payment exolusively in gold; nothing of tha sort, Coin menns both gold and silver, ‘Tho term was not nsed for ths purpose of glving the creditor the' right to clect which motal ke would have. tako eithor, or part in cnch, boen unsafe for ths Governmont to promiss payment in ono metal oxelosivoly; but it it had been the *mutaal understanding” to pay in gold only, the law wonld ® read and tho face of tho,bonds would so promiso, Tha Government is in honor bound to pay its "dobta in the kind of monoy sgraod upon, viz.: coln,—i. e., gold and silver, cither ar both, ‘Tho only understanding and expoctation of tha parties was that tho Governmeut, like any other debtor, had the option to pay its obligations in either metal embraced in the term coin; and if the bondholders expected to Lo paid in gold, it was simply becauso gold was the Jesa yaluablo of the Lwo metals, and, 08 Jong as it remained go, the ‘' understand- ing" would bo to pay in gold. When silver Lecame cheaper than gold, then it became the Intorest of the debtor—whother individ- ual or Government—to pay in silver, and the creditor cannot complain, because he had givon the daebtor the option to pay in either or both when %ie contracted to reccive coin. 1t gold had been the dearer meotal from 1800 to 1805, tho Governmont would have paid the intercst of the debt in silver, and ro- deemed its bonds in the same metal a3 a mattor of conrse; but, ns gold wes tho cheaper, it paid in gold, Now silver is the cheaper and gold hda become tho desrorj and it {8 tho right of the Government to meaot its obligations in silver. No amount of pettitogging or sophistry can rub out the plain letter of tho cortract,—coin, 1. ¢, gold and sllver,—or the fact that tho Govern. ment, under that term of coin, los always paid its debts in tho cleaper of the two o pointed out to th forcing; an unjust de ith ber Americas sud after all los this country with resentment whict has lingered to tho present day, onco brought the p{o ‘vr:plsr o ol or nst tho Fri hi Thocgnunm for tho overthrow of TOLEON,‘dld not end untl years of battle, sacrificed milli England five thousand millions ndded two thousand fiva’ hundre thodobt, The Crimean war, fn whi defonded Turkey, cost her mitlions n sides five hundred Turks, which will never bo a costly umme:;:: ast century. }l’oux Brour's decl Ho was satisfied to It would have {1 after twenty-tive miitlions advanced to ¥ London 2¥mes empls aratlona with the geners military or traditional ha be more fatal. The il keep the “*n keepera 't out of war it will beijust such actual expense, these recently made by o auch thing In 3 juent stateinents 0 pe‘;nln of advantsge, oll Wondor | Tis TRISUX! neard of the 3ol cadend. 4 ey received liborl pay from the lew Tty Saminel. This i3 & foolish &! Molly Maguires ar formed for the puUrpod wagen of coal-mifners 1 of Penusylvania by me assassination. They hay pers in thelr oW olitical symputhy oF