Chicago Daily Tribune Newspaper, April 27, 1877, Page 4

LR N e S ke, L . ] ¢ 1. 4 i 1 i { T D S ez e THE CHICAGO TRIBUNE: FRIDAY, APRIL 27, 1877, . The Tribue, TERMS OF 8UBSCRIPTION. BY MATNL—IN ADVANCE—POSTAGE PREPAID AT TIS OFPICE, 1y Bditton, aids 1 ye: g-'n'nlrl o yenry per moatl. Iled to 41 T aati 0y address fonr wi itpald, 1 WERKLY EDI! One copy, ear, SRbarT Jubof tweniy. ., Fostage prepatd. Brecimen coples sent free. To prevent delay and mistakea, barureand gire Post- Qfteesddress in fnil, inclnding Btate and Connty, Remittances may be mado cither by draft, express, TPost-Oflice order, or inregistered letters, at our risk, TERMS TO CITY SUDSCRIBARS. Dally, delivered, Bunday excepted, 25 cents per weak. Tnfly, deiivered, Sunday Incladed, 30 eents per week Adiiress THE TRIDUNE COMPANY, Corner Madiron and Deatborn-sts., Chicago, Il ———— TRIBUNE BUILDING DIRECTORY. Rooma. Occupants. 1. CRARTER OAR LIFK (Insurance Dep't.) 2. TO SLENT, 2, GUSTIN & WALLACR. JI. T, DALE, 4. DUEBER WATCH.CASE MAN'F'G CO. &. RODDINS & APPLETON. . 6. TO RENT. 7. HENRY LURDRER 8. WM. C, DOW, A.J. BROWN. W.ROBDINS, 0. WRIONT & TYRRELL. 10 CHANTER OAR LIFE (Loan Dep't.) 11413, FAIRCIIILD & BLACKMAN, 14:13. JAMES MORGAN. R, W, BRIDGE. 16. HENIY E, BEELYE. W. D. COOPER. 17, M. D. ITARDIN, 18-19. D. K. PRARSONS & CO. 20. TO RENT. 21. 0. L. BASKIN & CO. . ASSOCIATE EDITOR. . EDITOR-IN-CHIKP. . MANAGING EDITOR, 25, ABSOCIATE EDITORS, 2. L. C, EARLE. 37. W. J. BARNEY & CO. WILLIAM BROSS, 1. F. NONCROSS. J. A. McELDOWNEY, 20, REDPATI LYCEUM BUREAU. 31, COMMERCIAL EDITOR. 42, W. W, DEXTER. I, OO, L THATCIIER. A, F. STEVENSON. k 38 NIGAT EDITOR, 4. CITY EDITOR. ‘e, Offices ta the Dullding to rent by W. C. DOW, ‘Room 8, 2Ry BE ——— AMUSEMENTS, Museum. i (., Monrosstreet, belwa:n Biate and Destborn, Vaude- “ville and novelly. i New Clicngo Theatre. E (ug.n{'l‘l:lflek between Laks and Randolph. Rice's Jlaverly’s Thentre, Randolph street, between Clark and _TLaSsite, g Enpfien?fll( of Mri. Ostes' English Opera Company, 4 *"La Jolle Parfumetso,* Mt flluvl‘ck!!l"l 'r?)::l“. aH i hetwee: irbos 0 it (Bagagementof Al Mary ARderson. o ngomar. Adelphl Theatrs, Monroe street, comer. Dearborn. gagement of -G¢orge W. Thompean, ** Yacap." Fa SOCIETY MEETINGS. ORIENTAL LODGE. No. 33, A. F. and A, M.—Tlall, Ko, 12 LaSallo-st. "8 Communication this (Fri- Prcer Vot Cordany et oDy aros af 153 Ry KN, TUCKER, oo, WAUBANSIA LODOR, No. 100, A. F. snd A, M.— Regulse Communication’ this Friday evening, April a7, ut Masonic iiall, No, 7d Monroo.st. W a TKoad G De; . Visitor ) vited. ares. Visliors cordilly Inviied o 5 omy, w.at, J. C. HOWELL, Sce. HOME LODGE, No. #c8, A, F. and 1 Communtcation this (Friddy) dvening at f pin., atitall 144 L wenty-necond=st, Work on the af. M \nree. Vislting brethrencordially Invited, Dy ‘order uf tha Blasier, . Z. MERRICK, Sec, FRIDAY, APRIL 27, 1877, CHICAGN MARKDT SUMMARY, Ve Coicago produco markets wern sestve and exclied yesterday, but most of them Wora weak, after tho opening. Mews pork closed GOG poe brl Jower, at $10.00 askua for May aml 810.17%@ 16 20 for June, Lard closed 12%c per 100 ma lower, at $10.10(310.12% for May nnd $10.2:4@ 10.25 for June, Meats closed fH¢ lower, at Gko per D for Jooso ahoulders, 8¢ for do short ribs, and 8%e for do short clears. Ilighwines were firmer, at $1.00@1.00% por gallon. Flonr was active and frn. Wheat closed 4@43ic lower, at 81,50% for May and $1.70 for June. Corn closed 1c lower, BLASKC for May and Btic for June, Oats closed 13clower, at 40c for May and 41%c for June. Rys was buoyant, at 01@05%4c. Uarloy was2¢ tughor, B0@82c, lioge wore qulet, and 15@%20c lower, cloalng at $5.25¢05,75. Cuttla were dull and 10¢ Tower, soliing at $3.00@5.00. Sheep wero un- changed. One handred dollars In gold would buy 3100, 62% In greenbacks at thy close, Greonbacks at the New York Gold Ex- chango yesterday closed at 983, — . Thofirst blow in the war sesms likely to i bostrock at Barboschi, The Russians hav- it ing anticipated the Turks in soizing the rail. » xoad bridgo at that point, which crosses the River Beroth near its junction with the Dan. ube ot Galatz, the Turks have sontsomo gunboats up the river with inatructions to destroy it. Tho Russian battories and tho ‘Turkish gunboats way therefore have the firat boat. Accounts from varions points in Minne. sota, Iown, Hlinols, Kansas, Nebraska, and Missouri aro encouraging with respect to the prospects for wheat and com, A vast i*" amonut of soeding has been dono within the past two or threo weoks, the farmers being ‘maved to extrn efforts in order to offsst, as far os possible, the ravagoes of the grasshop- pers, 5o that the acroage will largely surpass ¢hat of provious years, Good crops will find tho Northwest in slispe to reap thefull bene- it of high priccs. e —— ‘What especially irritates tho House ab- sentecs is tho fact that l'ue Taisung corre- spondent, belng a Comumittes clerk, did not disobey instructions and suppross the ovie donco of their delinquencies; that, in othor wordy, he did not accept tho clerkship as a bribe, but held himself freo to tell the truth, no matter who might Lappen to be the suf. ferors. If hie had served tho Comumittoe as & supprossor of unpleasant facts with half the teal he served tho newspaper he represents, aothing would bave been heard about the derkship. As any obueryer of events might have ex. pocted, Roumana, since the passage of the Danubus by the ‘Turks to Kalafat, {s about to daclaro war ogalnst Turkey aud unite hor forces with Russta, This will add to the is, Bussion army aforce nlready in the ficld : around Buchureut and Kradjowa of thirty or {; forty thousand men, and, should the emer * gency require it, a total force of 100,000 well. drilled, well-disciplined, aud well.armod troops. Tho Roumauians have only soted in the line of solf-presorvation. When (ho LRussiaus crossed tho Pruth, they fell back beforo them, shrowdly observing that they retired bofore n superlor force,’but when the ‘Turks croused the Danube, thea the oppor- tnuity was offered them of ‘making a cholce, + wud they very wisaly have cast thuirlot with tho strouger Powor, A second lotter from the Hon. Frurvn ‘Wriouw, the late Insurance Commissioner of Massachusotts, {s printed this morning on our sixth puge. Mr. WaionT presents with great force the viow that has beea sdvocated by Tux ‘Tuwoxe, that the insurance COWPpa- - nieg should, at the time of issning each poli- ¢y, fix a definito surrender value for overy yuar it runs. Ayide from outright fraud, and mismanageent 50 extravegant sy to ba dishonest, thers Lias been nothing in insur- ance by which policy-holders have been so wronged as in the matter of surrendor val- ues, Indeed, ns Mr, Wrranr says, the bitter and just complaints of lapsing policy-hold- ors, who have beon compelled to take for their policies what the companies chosa to give, aro doing 08 much na anything olse to injure the insurance business. Polley-hold- eora shonld make themselves acquainted with their righta in this matter, and a person who intends to take Insuranco on his life should refuso to take a policy in any company that does not candidly and explicitly atipulate *| surrender values for ench year. Saxt Ranpary was very confident, a week or two ago, of his ability, first, to secure the Democratio caucus nomination for Speaker of the next House, and, second, to unite the Democratio vote for his election. Latterly, howaver, ho is not so certain of being his own successor, Tho candidacy of Mr, Mon- n1sox, of Illinois, which was at first thought to be a tender to some bigger oraft, now ap- pears to be entirely in earncst; and if Mr. Monntson should discover later on that ho cannot command the votes neces- sary to elect him, t- is gald he will not "cast his strength for Rawpars, The latter seomed to be weak in the Bouth, whera he is opposed by some members on the scoro of his high tariff doo- trines, by others becauss of hisopposition o projected mensurea for Sonthern jmprove- ments, and by the foww obstructionists and implacables on account of his refusal to join in the conspiracy to defeat the Electoral count. Moreover, Bunset Cox hasbeen care- fully cultivating the good graces of the Southern Democrats of lats, and thoro is no tolling what promises he may have mada and receivod. Turkey was vory coursgeous and impadent 80 long as she supposed that Russia would not fight ; now that tho Russian logions have crossed hor frontiers, the Sick Man cries out to Europo for help, and oxpresses his con- viction that *‘the friendly Powers, true to the focling of benavolent intent which they havo never censed to manifest to the Otto- man Empire, will saizo this opportunity to arrest the outbreak of o great war, thus spar- ing thesa conntries the painful extremitics with which they are threatened, and Europe horsolt the trouble and dangor resulting from & conflict botween two States,—n contlict of which the Sublime Porte can justly repudi- ate the ontire responsibility.” The ory comes too Inte. Tho war might have been arrested at eny time during the pnat year, but ha rejscted every opportunity with contempt. By the signing of the protocol, and the refection of it by the Ports, the Powers rologated Turkey to bar punishment, and with that punishment there will be no intarforence 80 long ss Russin confines herself to the business on hand. If there is snything more impudent than the manner in which Tarkey rejected every overture for peace, it s her present outery to Europe iollop the ‘war, The European war nows thus far has but little of actual war in it, if we except an un- confirmed report from Turkish sources that tho Rusalans havo met a roverso on tho Asiatio frontler, resulting in a loss of 800 men to the invaders. The Russian lagions are pouring inover the Bowmaciau border, and thave ssw u0W botween 80,000 and 100,- 000 of theso troops well advanced to- ward the Danube, Ono account intimates that a body of the invaders has even erossed that dverin the vicinity of Gladova, All roports concur in tho prediction that the soveral Russian corps now moving south- ward have & common dostination, which is bolioved to bo in the vicnity of Galatz, fifty milos or more from tho point whero tho Daunbo emptios into thp Black Sea. All indications scem to point to thia locality aatho probablo scencof the firt great battle, Bo far as the Turkish provinces are known to have oxprossod their prefercnces regarding the approaching contest, thero is little or no wympathy for tho Torts, and, though considerablo aid was cxpoctod from this source, there {s no pros. pect that theso oxpeatations will bo renlizad. Roumania is holding aloof, with n disposition tonide openly with the Itussians, Servia warna the Porte that the ocoupation of her tomtory by tho Turks will bo the mignal for open rupture, and tho Greclan islands aro bocoming restive,. threatening to throw off their sllsgianco, Upon the wholo, Tarkoy, with two powerful Rusaian armies threatoning hor from. the esst aud north, and with hor provinces out- spoken in thir hato of tho Mussulmgn, has a dark futuro boforo her, . THE WAR AND THE S8PECULATORS, Tho signa of war thus far have chiefly manifested thomselves in this country on the Boards of Trade. Tho Russlan Benr has been motamorphosed into a hngo and impet- uoua Bull, who has beon engaged in tossing grain fn tho most fantastio and amusing mannor, Tha *goalpor * has beon in his ele~ ment, Tho man who has beon sccustomed for soma timo past to hang around the ont. skirts of tho wheat-corner all day, awaiting & turn of half & cout a bushel ons way or the other, ia now kept dancing nnd howling about to keep track of variations of several contd every fow minutes. This is the very paradiso (or pandemonium) of speculation, Alroady the wildest runiors of gain havo in- foctod the people, One wan is sald to bavo made $100,000; nnother four times as much; another pledged bls waolch- for o margin and retired with £20,000 in his pocket a few hours later; the poasibilities of gain are limited only by the imngination, and nobody contemplates the theory of loss. Whether this delirium of spoculation will last long enough to take in n very wide circls outsido of the Board of Trade depends on circumatance, and the ex. fent of tho evil it will produce will ba only limited by ita duration, We spesk now of the speoulation, poro and simple, which has grown out of war and rumors of war. Of course thero was reason for legitimate riso {n the price of wheat, and in proportion of other grain aud produce, Tho wheat market had been abnormally de. prossed for some months, owing mainly to the fact that Russia, antlcipating war and tho closing of jts markets, had uuload. ed to Grest Dritain and realized on its property ' &8 rapidly as poesible. The United Blates were informned that nona of the American crops would bo waated abroad. In addition to this, the extent of the crop had been overestimated, and wheat sold far below what it was really worth, It is not surprising, therefore, that a sudden disclosure of the certainty.that Great Britain would need all and mors than the quantity of breadstuds that America can supply should have givena quick sud momentous impulse to the market. 8o far, s0 good. But in all this therv was nb renson why wheat should sell all the way from 21.65 to $1.80, and all the way back, within the space of two days. Tho fact scemed to bo entirely ignored that, when it reachod $1.80, wheat ‘was really higher than it had ever beon be. fore. TItis truo that it once sold as high as $2.80 during our own war, but this was whon gold wns worth two and nearly threo times as much as greenbacks, Now that the gold dollar is worth but a few cents mors than the greenback dollar, wheat at 81.80 a bush- ol is higher thau it ever was. Perhapsit was a gleam of somothing of this kind that eausod it to goback yosterday at a rato which oqualed the advanco of tho day beforo. This sort of spoculation will do the conn- try no good. It is only the revival of a bad habit that will ba followed by preciscly the same consequences in all cases. It s the re- nowal of a dobauch, common enongh eomo years ago, which will bring on headaches and hoeartaches. The conntry will derivo no ben- eflt fromit. Tho material advantage to tho American people of this foreign war will de- pend upon its duration, and the consequent foroign demand upon American production and industry, but this specunlativa mania will make the material disadvantages apparent from .the first, Flour al- roady costs $1.50 per barrel more to the consumer than it cost a fow wooks ago, and other commodities will follow in the same dircetion, The farmors, having parted with the bulk of their 1876 crop, will get no immediate benefit from the incroased prices, and tho war may ba over before they will be able to realize on their crop of 1877, Mean. while, the cost of living will have boen in- oreased to all by the speculative excitomont, and tho dollar which is carned in actual sorv. fce will not be worth as much to tho man who works for it, but whose compensation has not been enlarged by the spoculative movemont. Bome men may grow suddenly rich and others suddenly poor, but this ox- change of monoy on bets will be only dotri- mental to the commaunity at large for the time boing, and will in nowise affect tho ultimato influence of the war upon the busi. ness of the United States. 'Of conrse, wodon't expect to pnt any cheak upon the gambling propensity of the Board of Trado spoculators. They will make the most energotic usa of tho opportunity which the war excitomont affords, and stand thelr individual losses and pocket their individual gains without any rogard to the real condi- tion of things, Buta word of warning may keop the community from placing too much coafidonce in the ballooning of the Board of Trade enthusiasts, and induco peoplo gener ally to avoid tho infoction. This couniry has hind o sad experience in tho prostration and cxhaustion consequent upon the fover of speculation, and thoso. who look calmly out intn tho future will profer not to have another ern of dissipation which will just as sarely be followed by another era of depros- slon, ROUMANIA. The fact that the Russians sre using Ronmania as the territory through which to 1nako their passage across tho Danube gives that country n cortain intarest, and it may bo that thoss who have only.old atlases to consult will be purzzled to find whero that country is located., Ronmanin is the name given to the united provinces of Wallachin and Moldavia (the name by which they are desiguated on the old mops), which wero consolidated and guaranteed autonomy under & Princo of their own eloction by tho Treaty of Paris in 1850. The now Governmont waa orgnnized in the following yenr, It com. prisea o part of the territory which, under thoe Roman Empire, was known as Daoln, and tho poople take thelr langusge and characteristics from the settlement of [tho provinco by Roman eoldiers in tho sccond contury, after the conquest of tho Dacians, who wors among the most formidable foes of the carly Roman Emperors. It is on this nccount that the pooplo of Roumanis resem- ble more noarly tho Iatin races than the Belavic population of tho neighboring prov- inces. 'The chief city is Bucharest, with o popnlation of nbout a quarter of o million, and the Roumauniana are fond of designating it asn now Paris, The language spoken hns beon definitely classad among the Nomanca languages, to whichthoe French, Bpanish, Italian, and Portuguess belong, and the peo- plo aro described to be of the gamo mercu. xinl character as the French and Itallans. In Iator timos the two provinces of Wallachia and Moldavia were alternately under the die- tation of the Russinn and Turkish Empires, After the Inssian war with 'Turkey, in 1828, Rnssln oxercised a protectorate aver them till the peaco following the war of 1857-'6, when they were consolidated as Rou- manis, and the independence of the now country was recognized by both Turkey and Russia. The sympathy of the Roumanion poople s supposed to bo Inrgely with Rtussin, Itis certain that the Rumian troops are orossing the territory without any opposi. tion, though that might be accounted for by tho faot that the Roumanians wounld ba pow- erloss to roalst this encroachment, Therois littlo doubt, however, that, if tho Russians conflne tho war to Turkish territory, they will have tho full sympathy and secret, if not open, asaistance of the Roumaniave. AN IMPLACABLE PALSEHOOD CORRECTED, A common aascrtion made by tho anti. Havea Implacables which will not ‘stand the test of verification ia thnt the con. dition of the blacks has not boon im- proved in thoso Bouthorn Btates no looger under the ruls of the carpet-baggers, In tho carly history of reconstruction all tho Bouthorn Htates passad Iuto the hunds of the carpet-baggers, aud all but two had been' roleased from.their rule before Mer, Haves becamo Presidont, It was in those two States, undor carpet-bag rule, that the worst outrages were committod and permit- ted. Lot us recall some of the incidents of ro- oconstruction in the other States, - Vir- ginia, under the rule of tho carpot-bag- gors, was a proy to constant dissen. slon and viclence vory much like Louisiana and South Carolina; bat, during Prosident Guant's first torm, the Adminis. tration rofused the aid of troops to sustain thae carpet-baggors, and a sort of compromiso wos made with the Conservatives of the State, Binoe that time thero bas been little complaiut from Virginin. Biuce the natives of North Carolina have got control of their own State and the troops have been with. drawn, thore Lins boon no more political s turbance thero than in nny Btateof tho Union whero thero aro conflicting issucs. In Georgia the Btato was taken from the carpet-baggers partly bocause the carpet- baggers had stolen protty much pll there was worth taking and were willing to give up, and partly by the parchass of negro votes., Binoce then, Georgia has made no trouble requiring the interferenca of the Gen- eral Government, and thero wers in the last campaigusigus of adivision of the whites into two parties which w.ll guarantes the negrocs their votes as surely a9 the maas of laboring men ot the North Lave theirw. Thero was formerly cutlawry in Tennessee and even Missouri under guasi carpot-bag rule, bat thero have beon no disturbances since the enfranchisoment of tho Confedorates has on- abled the pooplo of those Statea to choose their own officlals. In Texas, a carpot-bag Govarnor, when defeated in olootion, mado an appenl to President Graxr to have tho military support of the Government in hold- ing over; it waa refused, and since then Texas has bLeon ns poacoable as that grent frontier Blato ever hasbeon. In Arkansas, Mr. Jues G, Drame (now alleged to ba o leader of the Implacables) appointed the Congressional Committos which recom. mended the policy of non-intervention that President Graxr adopted ; tho troops wore withdrawn, the ecarpet-Laggers emigrated, and thero have been no moro distarbances in Arkansas. 8o, one after another, in one way and another, gome by enlarging the fran- chise, some by intimidation, ‘and some by compromise, nll the Southern States oxcept two got rid of tho onrpet- baggers before President Haves was inau- gurated, and sinco then theto have boen no wholesale massasres of negroes and no sys- tomatlo persecution in thoso States, Itis folly, therefore, to charge upon President Hayes o desertion'of the Ropublican party in the South, and itis false to say that the negroes arono botter protected when the carpot- ‘baggoers wera ousted than they were before. Presidont Haves has had the opportunity of applying his polioy in only two Btates, and in both of those he has the most public and solomn nsgurance from tho leaders of tho whites that the new Government will furnish the protection which the carpot- baggers failed to give tho negroes, in which respect his polioy has been more fruitfal than that of his predecessor in the Bouthern Btates in which the Republicans were de. fontod prior to his inaugaration. ‘The Im- placablenhad better wait and see whether the now Government of Loulsiann fail to keep thoir pledges before blaming President Hayzs for accopting them, and keep in mind that the carpet-baggers had already beon driven out of twelvo othor States without evena plodgo of protection for tho negrocs loft bohind. AMERICAN TBADE IN MANUFACTURES. ‘Wo gather some of the material polnts and facts contained in o recont letter by Mr, Ep- ‘WARD ATRmNSON, of Boston, on the subject of cotton manufactures, and the opportunity of tha Americans to not only oceupy the ex- isting markots in the world for cotton goods, but to onlargo ‘that trade indefinitely, 'The information is intaresting, nand tho sugges- tions, though confined to the cotton maun- factares, {8 equally applicable to all branchea of American indastry. In the first place, the consumption of cotton by machine manu. factures is equal annually to 2,906,000,000 pounds, of which Great Britain takes 1,207~ 000,000 pounds, tho United Btates, 000,000,~ 000 pounds, and tho States of Europoe, out~ sido of Grent Britain, 1,000,000,000. This ia equal to' 6,000 bales of tho averago weight of American bales, Tho United Btates, thoro- foro, consume n fraction over one-fifth of the cotton; but of tho American mnchine-made cotton, 93 por cent is used in this country and only 7 per cent is exported; while of thio cotton goods mado in Great Britain 85 por cent is oxported and only 15 por cent consumed at homo, Bwitzerland and Bel- gium oro the only other countrics which produco mors cotton goods than they con- sume or exportzmora than they fmport, The number of epindles in operation in the Unitad States and Europe is 68,660,000, of which Great DBritain has 89,000,000, the Tnitod Statos 8,600,000, Franco 5,000,000, Gormany - 4,660,000, Russia and Poland 2,600,000, Bwitzorland 1,850,000, Spain 1,760,000, Austria 1,580,000, Belgium 800,- 000. Tho weight of cotton per spindlo varies from sixty-ssven pounds per spindle in Austria and aixty-thres pounds in the United Stated, to thirty-throo and a half pounds in Groat, Britain and twenty-fivo ponnds in Bwitzerland. Espocial attention is given to the trade polioy of Belgium, which, with n population of only 5,400,000, imported in 1875 to tho value of $470,000,000 and export- ed to the value $420,000,000, that Govern- ment atill adhering to thie wound old doctrine that profits aro to bo found in the excess of importa over exports, If tho foreign com- merco of the United Btates wore proportion. ate to that of Belgium, it wonld equal $7,000,000 8 year, and a amall average duty of 10 per cent on the import branch of the trado would not only poy ull the expenses of ‘tho Government, but pay off tho debt inn generation. ‘Tho supply of cotton goods to the world is mainly furnishoed by Great Dritain and the Unitod States. The consumption of cotton ‘goods in this country is equal to twelve pounds por head of the population, while in Europe itis only equal to five pounds per lond. 'Tho cotton manufacture in Great Dritain retalnod for home consuption is sbout six pourds per head, and on the Con- tinent of Europe not over four and a half pounds, Tha exports from Great Dritain to countries other than Europe and the United Btates is 800,000,000 pounds, while 40,000,- 000 pounds are sent from the United States, ‘Tho oxport of cotton fabrics to Asis, Africa, Bouth and Central America, Mexico, and Australia is leas than one pound of cotton por headto the population. It follows, then, that ouly one-fifth of tho population of thoso countrics {a supplied by machine-made cot. ton. = 'Thore romaln, therefore, outsida of the United Btates and Europe, 800,000,000 of peoplo whoso clothing consists mainly of cotton cloth, who are yot supplicd by hand. spun and woven cloth, Yo supply thess people with machine-mado cotton ot the rato of fivo pounds per head will e quire 4,000,000 additional bales of cotton & yoar and 40,000,000 additional spindlea, The prospectivo market for cotton goods {s capable of almost unlimited extension, As yot the hand.mado cotton bas been but slightly dlsplaced in China. At present but one person in seventeen in China is supplied with machine.made cotton to the extont of five pounds in the year, A letter from one of the Chincse Comumissioners to our Cen. tennial states that previous to the War American cotton goods wero in demand in Clins, but after 1863 they were gradually voplaced with English goods. But the time is now opportune for a renowal of the trade, The English goods aro 60 heavily loaded with clay that they have lost their charaoter, and honest goods will ind o ready market, The obstruction to the- general introduction of maching-mada goods is the diffioulty of find. ing other ocoupation for the multitudes in those countrios who are engaged in spinning and weaving by hand. Anothor is that they oan only purchese of us by exchange of commodities, and to command an export trado we must also maintain an import one, The hand-mada cotton can handly stand a ocompetition with machine-mado cotton. The aversge product of cne operative o amill at Lowell, for 800 working-days of ten bours each, is equal in one year to 28,500 yards,—a nroduction that excludes all idea of compatition on tho part of hand-labor. Tha progross of improvement in machinery, if accompanied by an increase of trado, will increase this suporiority, The United Statos onjoy specinl advan. tnges not only to competo for the cotton trndo ns it now exists, bat for the finmoense increaso of that trado which is fnevitable. In the contignity to the cotton.fiolds, the uso of water-power, tho price of conl, and in the. cost of iron, stecl, nnd copper, wo are oven ‘with England in all, and in some of these have tho advantage; and, even so far ns tho rates of wages affect tho cost of production, we can afford to pay highot - wages and yot produca colton cloth at a lower cost, It s assumod, upon tho the experience of years, that the differonca in the prico of cotton in Liverpool and New York ia nine-tenths of ono cent por pound. 1f wages wore 20 per cent loss in Manchester than in Lowell, the differ- ence of ono-half cent per pound in tho cost of cotton would be offset ; and, if the diffor- ence were threc-fourths of a cont, Lowell conld pay 83 per cent higher wages, other items of cost Leing oven, 'Tho wages. in England and the United Btates are not very different. But the British manufacturor has tho advantago of exomption from taxation. England imposes no 1nunicipal or national taxes, eithor of rates, exciso, or tariff, on the machinery, materials, or processes of manu. facture, or on the goods mnde or {mported. While tho Amorican pays henvy duties on the soda-nsh, bloaching powders, drugs, dyes, and chemicals nsed in bloaching, dye- ing, and printing, the English mannfacturer paysnone. A yard-wide fabric of the fair average quality exported to the East, if mado honestly and not loaded with other sub. stances, can be made profitably in England orin tho United Btates, with cotton at 12} conts a pound, at 0 cents a square yard, and the margin between the good mill and the poor one, or betweon one conntry and tho other, will not exceed half a cent a squarc yard. The competition for the trads of the world is within the limit of half o cent a yard on the cloth woven | ‘With 800,000,000 of the world'a population still supplied with clothing from hand-made cloth, with the capacity at Lowell of pro- ducing cotton cloth at tho rate of 28,600 yards o year from each oporative, with the com. petition for the world's tmde reduced within the limit of half o cent n square yard, with the great bulk of the raw material produced at our door, with cheop food, cheap and abundant fuol, with skill and labor equal to ony demand, there {8 no reason why tho United States may not at once grasp tho oxsting trade, and gradually and rapidly onlarge and extend it to doublo its present magnitude. The only thing standing in the way is the barbaric policy to which the nation clings. It taxes the product at every stage. It taxos the capital employed in machinery and build. ings, and it taxes tho machinery and build- ings. It taxes overy drug, or chemical, or dye. It taxos the oil and tho fuel, It taxes the packing-cases. It taxes tho goods when made, It taxes tho vossola that transports the goods tomarkot, and it taxes heavily and inordinately all the goods and materinls which aro recaived in exchangs., Tho only obstaclo fn the way of the United Btates grasplng and retaining the world's trade in cotton manufactures ia the inexorable igno- rance which insists on’ the prohibitivn of all commerclal intercourso with other nations. What {s true of the foreign trade in cotton goods is also true on another scals of othor branclies of industry. . Amarican industyy is shaokled and imprisoned. It exists in spite of tho Governmental efforts to crash it, If those shackles woro removed, and American manufacturors made as freo as in othor lands, thoy would soon settls the question of compotition. . member has beon wholly sbaent from his seat, marg of thu callof the Housc cach morning record of thelr shortcomings is availahle; therc- a8 the absentees are unable Lo withhold from the press. sesslon as clerk of several fouse Committees, correspondent of Tnr Trsune. It appears, now brought forward out of revengo and spite. eats in any such way. ‘They wera elected by the people—the correspéndent was not} thoy are responsible to the people for the dlsgraceful aside the severe condemnation they so rlchly merlt. — at flnding refnstatement Impossible.” This discharge of o thousand or more “superfluous clerks who were eating upa_ million of taxes the colle to vontemplate. will hava to stand ft. ———e— Benator Gonrpox, of Georgls, In » letter de- to Democratic ald in closiug the Presidential count or in orzaniziog Cougress, makes an Im- portant adinission In these worda: When 1saw that Mr, TiLDEN's causs wes hope- Tessly loot. ta the pa tho power of rescue by any man or set of men, I determined to do all in my pawer to rve from fho ‘wreck local slon which it created that defeated Mr, TiLozN, Alr. Gonoon's verdict, which 18 the verdict of promincnt Southern Democrat, 1s that the Com- misslon and Mr. HaYms are gufltless of the the North; for Mr. TILDEN'S cause was a lost cause befora .the compromise of an Electoral bl was passed, ——— It Is reported in Eastern papers that ex-Sen- ator LoaaN fs organizing an opposition to the President fu the West to act In harmony with an alleged movement of a similar kind en- gincored by Bralxng In the Fast. Wo do uot credit the report, aud bulleye it to be without 'baals; but sbould {t be true, If Joux will devote "two weeks M to a study of the Doctrine of 08 much avidity #s that‘ with which the whale ojected JoNazt, THE BHRIEKING BEIRKERS, Tho publication by Tux Trinunz of a lst showing tho number of times cach member of the Ilinols Houso of Ropresentatives has fafled toanswer to roll-call since the termination of the Boratorial coutest scqms to have operated liko tho display of & red rag upon _ an Infurlated bull. The list was procured by our currs- spondent in accordance with specific lostrue tions from the editor of this paper, the purpose belng to Inform the peopls of !liinols with tho utmost possible accuracy concerning the manner in which thelr intercets have been looked after by the members of the Legislaturo elected to perform that especial duty. Tho corresgondent obeyed lInstructions,>and from the best data within resch supplied the deatred Information, the importanco aud value of which aro more than over apparont from the furious demonstrations of rago which were yosterday showered upon the reporter who furnlshied the objectionable matter for publication, A glance at the history of this question of absenteclsmn will discover what csuso the shrieking shirkers lhave for ventlng thelr mlice and alring their billlogsgate after thu manner of yesterday, The hindrance to the. progress of business growing out of tho absence of nearly onc-half of tho members of the Legislature Quring nearly ono-half of the time had of lute &rowt 80 scrious 24 to demand that meastirea be taken to remedy the cvil, and with this view an address was telegrapbed from 8pringficld to tho daily press of the State, by the request of auch of the members of both Honses aa hud re- mained at thelr poats, and printed last Monday, sotting forth the fact that, *owing to the cun- tinucd absence of at lemat two-thirds of the wembers of the teneral Assembly, the business of legislation hos been slmost suspended’; that members came cach woek to Springfield Tucsday night or Wednesdsy momning, and, after walting until Thursday night or Friday mornlog, traveled home again, or whercyer they chosa to go,'on thelr rullrond passes. It was urged that tho people af the Btate take the matter in hand and inalst that these members “return at once to Springfleld and remaln there untll the business of thosession fa transacted ™ and that, it mnembers will not stay here, let. public meetings be held and resolutions adopted asking tuem to resign, to the cnd that men may be clected who will stay bere aud give attention to public buslness.” The publication of this vigorous protest fafl- Ing to produce the doslred result, an cHort was made ou Tuesday last by Mr, Waxrworry, of Cook, to sccurc the passage of a resclution in the House authorizing the ofilcial examination of the Journal to sscertalu from the roll-call tho number of thnes esch member had ene swered to hls name, nud bad falled to suswer, Here was an opportunity to obtain an accurate report for publication, but the House re- fused to pass the resolution. There- upon Tus TRIDUNE corvespoudent obtained from the record the inforwation fn question, and it was forwarded Ly telegraph aud pub- lished fu our 1ssueof Wednesduy, April 25, uud, excepting o few errors which occurrved {n trans- missfon, the tigurcs wero securate; but to make certaln of correctness wo print this morniog o copy recelved by mall. Mentlon was also made in this connection of the suttlclent cxcuscs for abseoce of soveral miembers who bad been called away by ‘illness aud desth st home, or wero required to be sbsent by ofticial busioess, ‘The publication of the names of the abscntces bhas bit bhard, just as we supposed it would. The men who were drawiug pay each week for seven days’ work and dolag three aud one-balf dsys’ work were not dlaturbed ou oo cpuut of this suomalous state of things until their names sppeared in print, and tho record of their neglect of the people’s business was placed beforo the people, If the record is faulty, the chronle ahscotees are slone tu blame, for they ———— . New York has a sort of lnsurance margue whero a fluo urray of 1ife companizs are luid out, ‘all of which met their deaths by sulclde,—tho taking of that most percolating of polsons, dis~ hanesty. The record of their oxistenco fan eickening one of fraud and robbery, for which it scems the Insurance Department of the State i8 to blame, The great regret whichtrate policy- holders will most warmly entertaln 13 that the olllcers themselves are not In the sams con- dition as thelr compani e e t——e ItIs announced that Mr. Annaw 8. Hewrrr 18 about to visit Georgla. If there is uny politl cul signifcancs to the movement of Mr. T DEN'S Prime Minister, It probably {s counocted with what may be denominated an interjection policy of the Democracy for the Southern Btates,~a policy greatly needed to counteract the sedativo mensures of the Adminustration, ———— e It might be in order to compare the . visits madoto their favalld families by loglalators ot tho expeuse of the Btate, to those ususlly made by them to tha neglect of thelr private business. It is wonderful how affectionate some men becomns when they ride on passcs and the publie treasury pays their salaries during visits of nwnjwal and philoprogenitsl character, kel dnsiot ~htakien s Itisdificalt to understand tho cause of the savere aud oven threatening comments of the Loudoa papers ou the Crar of Russia’s declara- tlon of wur, unleas It may be found in the fact that he did not solfclt their advice in the matter of fssulvg u paper that **leaped atonve jnto unfversal circulation,” as was said at the birth of 8rouuy's Leleyraph, % et 1t the members of the Bpringfeld Leglslaturs would glve as much attention to the business of the peoplo ug thoy du to the converns of Tus Tuipune, their services would be worth at least 25 conta wday to the State. This, of course, docs uot apply to Cutskin KEaRNRY. Ills serv- fces are of no valuo under any clrcninstances, ——— Whols W. IL PArntzR] We know that his s the address to wolch the lou. B. ¥, Wanm wroto his lato letter, But whols ho In reality? The New York T'ribune suggests that tho uame 18 a non de plume, No matter. Whether PAINT- Buornot, ho has becn artist enoughto draw the firoof the retirod warrlor. —— The chap who writes varagraphs for the Journal evidently thinks he Is serving an sp- prenticeship with an undertaker, aud he is not far frow right. He would make afortune whers “ titrod mourners* are In fashion, Hecould fur. nish gloom enough to tone down the funersl of adeparted motber-in-law. e Bince the ferrible scenes attendant upon the hanuiug of SrzuriNg at Youngstown, O., lust Batunday, o number of papers demsnd what they call a “scatfold reforma.” It they would but think o minute they would sce that it ls impoasible for a murderer to Live up Lo the best of such platforms, ; —————— ‘The 1. s wolid wialnst the President this woruiug, s bound W bave revenge for uob se- curiug 8 secoad ofice. — Ksening Foat, The J'ost cuns a thind oftico—tle Penston Ageucy for the Recelver, Nixox, as Hax uwud prulsership and Post-Otice, —— The “wit " of the J.-0. says he would bos great deal funnler U he could get toney enough tu puy bis board-blll. Even the few readers of thst paper would do well to lft a collection for the poor fellow. It would culiveu even the editor ol tha £-0. to got bis salary to dute. s e Licut.-Gov. Buusay sbould be telegraphed for. The Juarnal will not. know whether “to bury PACKaub af Lo Dratss bla® uutil his ze- refased to permit it to bo made up officially, ‘The record, however, {s not faulty unless it be that It fafls to tell the whota truth—it gives no account of the actual number of days each which in many cases would average fully one- half the time. ‘Tz TRIbuNR would gladly have printed for the information of its readers a sum- upon belng called to order by the Bpeaker, bat alnca no such call s nllowed no perfect fora e muet be content with such information Concerning the charge thiat the correspondent of Ttz TRIDUNE has drawn pay throughout the and hins not performed the services required of him in that capacity,—we have to say that the editor of this paper was not awarc that the cor- respondent was serving in tho capacity men- tloned, or in any capacity whatsoever sove as however, that his scrvices gave entire satisfac- tlon to tho respective Committees up to the time of the publication of the names of the abe scatees; and it therefore follows, either that the Committecmen have been derelict in thelr dutlesinnotsooner discoveriog the fact that thelr clork was not carning his pay, or clsc thnt tho whole matter of sthe Committce clerkshlp ia In any cvent, the - sbricking shirkers will not aiteeeed fn diverting publle attention from their own outragcous neglect of the people’s Inter- Idiences which has signalized the present Legis- laturs over all its predecessors, aud no exhibl- tlon of petty mulice toward the person or the newspaper responsible for the exposure of thelr deliberate and habitusl absentecism will turn’ The Lincoln (Neb.) Journal snys Trr Cirica- 00 TRIVUNS ** suvers [at the moss-backs who have been turned by the Lundreds out of the departments at Washington, aud works up its sarcastlc vein to the utmost over thelr distress * machine-organ *’ {s madas a March hare at the ‘when thelr services wero of no value to the Gove emment. It would mako {ts soul glad to hear thata thousaud uscless vlerks were fastencd on the pay-rolls. Tu discharge persons not need. ed is & kind of Clvil-Service reforn that gives it But It will have to endure the sight of morc of this work. The President has determined to discontinue sine- cures, and reduce the forte of officcholders to correspond with the publie requirements. If the statoment of this fact 18 & * sMeer”or a 4 garcasm, the Lincoln’ (Neb.) muchiio-urgan nying that Lo was party to any bargain looking 108t by want of concert of action prior o' of tho Miectaral Dill-lost ‘Boyors . self-government to Bouth Carolina and 1t was not, then, the Electoral b} or fts treat~ ment subsequent to its passuge or the Commis- charges mado aguingt them bytho Democratsof || TProbabilitics, hie will thruw up the project with- Patupn wro already provided with the Ap- turn, es it takes a manof expérienca and nerve to pllot an old-fashloned newspaper llke our amfable evening contemporary through political Narrows. —— The Snltan begine to beg before the Bear hag got ncar enough to give him a preliminary squceze. Now ha can appreclata tho feelings of the umates of the Beraglio. ilo knows how ft 18 bimself to be huggod ngainst his will, ——— It the Bible rend *Let him that stole steal some more," every thieving County Cominls. stoner would carry a copy in his breast-po:key and usc it a great deal oftoner than he ever dig bis pocket-haudkerchiof, 4 e — Mr. MoobY tells the Boston peoplo that ha fs not after thelr monoy but thelr sonls, Thay announcement will disconrage them, aa they have heretofore carried thelr own Inaurancs on their souls. | ‘The trouble with BLaivg Is that Lo has lived io a pine country so long he doesn’t know Low toshow his friendship for anybody excopt by ‘giving 'em tar fle means sl right, though. 2 Baya the Graphle: Wamsorn descris to NiowoLts,—cecontric and volatile creaturs]l Tt {8 understood that he carries with him $100,000 dfinr gain, and au apathetie consclence vold of offensa, et Turkey issaid to have offered the £-0. an old eunuch ood o palr of bag-trouscrs for fts sup- port, Now let us hear from Russis. Goslow, neighbor, till the bids are atl in. A ——— Vo Morrka did not speak in a very Jond volee day before yesterday when Le mentloned FPrance's atiles, yot he was heard all over Eo- rope. He has & rasping vofce, —————— The war edltor of tho Z¥mes says that the ad- vance of Russiz Into Turkey {8 "*1n-soultan.” He doesn’t mean o pun elther; it's his way of provouncing. * | Gon. SUERIDAN waats the Indinns to become 4 natlon of herdsmen. But how are they golng to get horaes and mules to bend, if the troops nre taken away? - ——— . The falsettos of the rear quard of the Repube lican party aro singlug solemn sougs just now, ’;;zd balleve themselves tho Psalm-sons of the The Russlan bear {s fu Roumanla; the wheat bearfafn Rae-money-n, or n Ruc-tonaise, or Rucu-matle, or something of tho kind, The President atill holds Col, Inarrsort in reserve. e wilt have uo “gods?’ in his theol- ogy or “litele fishes in his politics, | Will the Prestdent pleasoto conslder that it ” will require s few able-bodied men tu bo left fn O, just to *move tho crops 't f Thelr Imperlal Princes ALzx1s and CoNstan- TINE aro called the Rooshin Dooks by some and Muscovy Ducks by others, f BUTRO says thiat his tunnel Is 16,500 feet long, Ho would not brag soloudly had he heard of the 7imes’ preunatic tubes. eeet— e ‘The Bultan would do well to send that * mem- ber from Jerusalem ¥ after a haudgome assort~ ment of oliva bragchics, g What has become of Coronor Dirrszen? Ho hasn't pokod fuu at a corpso for a month, —ee—— PERSONAL. Bishop Bpalding, of Poorls, is to be con- secrated by Cardinat McCloskey In the Cathedral in Mott stroct, New York, May 1. Tho London ZYmes, during the last six months, has graduslly reduced the welght of its while paper, and thorety effected a saving of “Thero will be much and just criticism of Mr. Evarts," aays.one sathority, **if he really proposes ta keep ap hie law practice.” Buthe doesn't 50 propose. The Marquis de Talloyrand-Perigord, s collaters] descendant of the great statesmun, has prociatmed his adbeslon to the Republic In & pamphlet entitled **Un de Plus, " The Bpringfleld Repudlicon - thinka the woman-suffruge organs ought to drop the obnoxious word **ludy,* 1s It too late to suggest an amend- ment to tho Constitation providing for *gentls- man' and **Iady * sullenge exclustvely? The forty.third annnal exhibition of the Philadelphia Academy of Fine *Arts has begun In tbo new bullding, The Acadamy'sown pictures, tho remnants of the lato loan collection, and a number of local contnbutions are shown. . Wayne MacVeagh, one of the most valna- ble members of the late Loulsiana Commission, Is wressed for the postof Minlswerto Russias. His long servico In a simlar capacity at Constantinopls: would 5o doubt make him useful at St. Peters- burg. Miss Winnie Howells, the dsughter of the novelist, ta suuounced xs the uuthor of a sonnet. She 1s bat 14 years of age, sud the Independent saya that pothing could be more appropriste than for a poetess of hér sge to eppear in what Charies Lamb used to call & **fourtocser." When Senator Flanagan loft Washington ho carriedn barrel of whisky home with him as bagunge. The raliway officials challengod this susplclons baggage, but he fnsistad on its passsge, deciaring that it waa ** Congress wator* and neces~ sary to the preservation’n! his health, Prof. Tyndall sald that ho went to Amer. ca In 1873 almost ob purposa to soe tho pffectsof the great fire in Chicago, bot upon reaching Now York be learnod that he was to0 Iate, a5 Chicago had been entirely reballt. What o pity he cannot bo hore to ves unr Buard of Trade In war times Jolin Miller has besn prosented for trial befora the New Brunawick Presbytary for hercelos « about the Trinity, the immortality of the soul, and the relations of Jesus Christ to ‘Adam, What age gruvates tho case is, that bo {s the son of Prof, Ail- ler, formesly of Princetan Somlnary, sod an so- thority lu doctrine, John Adams wrote to his wife in 1777 ¢4 Qen, Washiogton sete a fino exsmple, Iiohas banlabed wine from bis table, and entertaina his friends with rum sod water, Itls wmuch tathe crodit of his wisdom, hie policy,and nls patriotism.* ‘Wo queation whother President Hayes will ba pa- triotic encugh to Liunitate thiy nable example fu all Tespects, ‘The Clucinnati Commercial is not favora- bly {mpreased by the songe of the Willisms Col- fege Glee-Club. It caunct admire, ss I8 onght, the statoment that **Dlancus of the choleru dicd and Bohunkus by request, or ibat other stizsiag MBI G tha baldor on the baak:, the bullfro ta 1b 3 % 1a tha poot sty Rkl e It is painfal to road .in ths Cinolnnat! Cominercial that Gen. Ewing suill has one soft spo In bils iutelloctusl constitution. ** Ho is Jucspa- ble, apparently, of conquering the {lluslon thab the extent of & natlon's prosparity depsods upon the amount of {rrodesmable currency it Las attost." Well, Qen, Ewing may congquer that jlluslon, of letit conquer him, &8 be pleases; the tussle be- tween himsud it s now only & private afiair, in ‘which the great public long ago cessed to take ln- tercat, Merely aa friouds of the family, howeves, we do hope that Ewlng will floor his deluslon: King Victor’ Emanuel is most cruelly de- scribed by & corvespondeut of the Pilof, Catholls organ of Boston, who does not credit thas potens tata with a single pervons) churm, A largo hesvy faco, with thick boll meck, which his shirt colls? wems compressisg to suflocativa; bhuge Lushy .mustaches which spread across both sides of tbe faceslmost to the sars, mod which aze dry sad fustroloss from bais-dyes pale, grayieh-blue, tary oyes; s thick llttle pug moss tursed up at the - Vp, 80d tinted Lair cropped close 1o the skull like prize-fighter's, constituts the prominons suatarcs tlatstrika your attention 2t the frstglance. A8 You yxpine him wory closcly, you fud hela thick- Iy bullt, that bis hauds ar¢ purplivh-sed lu color and fat and podyy, lke thoss of an overyrowa baby. Uis facé {s thoroughly animal, sud almost wholly devold of intellectusl character, Notwlih- sianding sl thess pbysial inelegsaclos, Vigtor Emanuel s one of the sbleat and shrewdest sov- erigns {0 Kurope. Under his rulomnd directioa Jtaly bas riscn from bor prostrationta be claseed Smonk ths greal Powers of ths easth-