Chicago Daily Tribune Newspaper, June 4, 1877, Page 4

i a . )" " THE CHICAGO TRIBUNE: MONDAY. JUNE 4 1877." The Teibnne, TERMS OF SUDSCRIPTION. H1avea nor anybody clso can fix tho limit, until the people ngain assort their indigna- tion by tho defent of tho men reaponsible for tho revival of so viclol policy. BOUTWELL FLAUNTS THE BLOODY SHIRT. pointment of the semi-Ultramontano Cabi net, the German Govornment ordered the reinforcomont of tho garrisons of Alsace- Lorraine, and “** the spectro in tha mpiked helmet” was recalled from Varzin, whose hand is now visible, not only in tho move- thought pradent to put the garrison on half rations. Tlie vanguard of tho Russian right wing has gppeared befors Olti, compolling tho Turka to abnndon thelr position thore, while a detachment of the centre has rapldly advanced to a point which rendurs ten on the hew bounds, that tho samo were payable in the coin of the United Stator, of the weights and dimensions a3 provided by the coinags Taws of tho United States in forco at tha. dato of that act. The contract with tho publio eroditors is that i BT MAIL—IN Abv;’m M;';»Cs:m: FREFAID AT | npjenable the poaition of Mogaran | thoy aball be p;fld in tho legal-tender coina | ments mado to offset Franco, but in the nos w::;?;fir‘l‘&nwm:n;:fiwr:‘nlm fu;:':%!:: PelizEatton, poutpaid: 1 year . 1200 | ot Sovin, and mecessitates his re- | of tho United States, of tho weights and gotiations to keop Austrin out of an alliance and inflammatory politienl harangna on tho & L LS 1% | tront {0 avoid the danger of being flanked. | fluonoss as provided by the lawa of .tho | with England aganst Rnesia, In Italy, the Yot i i i i ) i " i i ind e L A i ! 7 WO 1o, AR . **Onr Doardlng-House." " atoun Daarap Pasha, Marshal of tho Palaco, ress four weekd fos Lt occnsion of decorating soldiers’ graves. ex-Secrotary Bourwrrn was guilty of this offenso ngainst deconcy and proprioty in making the nddross at Barnstablo, Mass, He mado tho most pointod referencoes to the progent politienl condition of the South, ng- gravatod the troubles that had occurred, magnifiad the dangers of the foture, and denounced the prosont Administration by the strongest inferenco, if not in dircct terms. Mr. BourwzLy is ono of those per. sons who construe that clauso of tho Consti- tution gunranteoing every State n Republican form of Government to mean that it,is the duty of the United States Governmont to koep the Republican parly in power by forco of arms whero it cannot retain ita hold in ony other way. ‘The following is n mamplo of Mr, Bovrwerr's fearfal proplecies and extravagant statemonta: The auccessfol overthrow or parversion of State Governmonta wiil result in the overthrow or per- version of the Natfonal Uovernment. Men and organizations of men that have proved unfaithful to States cannot bo trnated to suppport the Govorn. ment of all the States, 'The overthrow of the States Is tho prelude only to the overtlirow of the National Government. ‘The powers conferred by the fonrth scction of the fourth articlo aro con- servalive powors, they ars uxtraordinary powerd, United Statoa in forvo in Jily, 1870. 'That was the contract, pad the silver dollar, weighing 412} gralns, was then o legal- tondar, and tho holderw of tho bonds nceept thon, knowing that thay contract for tho paymont of tho obligation by the United Btatos fn either gold or silver ooin, which wore n legal-tonder in 1870. To restoro the alvor dollar, therofore, will in no wise chango tho sitnation; in 1870 the bond waa payable in gold or silver at the option of tho Govornment, Thosilver boing thon 3 per cent more valuablo than gold, the Govern- meont adopted the inforior coin, .If tho silver coin be now worth less than the gold, it is no mora dishonest now to nse i in paying the dobt than it was to nse the gold for that purposa in 1870, principal event of intercat hos been the de- fent of the Clerical Abuses bill in tho Benate, theintroduction of which by M. May. cixr, the Alinistor of Justico, was one of the principal canses that lod to MacMamox'a coup detat, which in turn has superinduced 5 moral alliance betwoen Gormany and Italy against auy possible movomont on tho part of Franco to reatore the temporal power of tho Popo. Political ovents inConstantinople 2150 have not been without Interest during thu past throe woeks. On the 10th of May thoro wore signs of a crisis, owing to differ- onoes betwaen the Chamber and the Porto. On tho 24th a body of Softas procecded to tho Chambor and domanded the dismissal of the Ministers, Tl scene becamo so furious that the Chamber ndjonrned and the Softas wont to tho palace with the samo demand nnd threats of violence if tho ex-Premier, MrpnaT Pasna, wora not reealled. Tho Sal. tan became alarmed and fled ncross the Bos phorus, and o state of siege wns declared. Repie Pasna, Minister of War, mas mado Dictator, and he proceedod to.banish the leadors of the Softas who had beon the most violent. Onder is not yot rostored, tha crisis atill continncs, and the abdication of the Thus two slrong Russian columna are brought within six hours' mareh of Erzor- oum, and tlie fote of that important <ity is sealed nlmost beyond quostion, It is evi- dent that the campnign in Armonia has recommoneed with extraordinary vigor, and that the Turks are poworless to withstand the leavy forces that nro being marched nagainst them from varions directions, BEES . per montfi., WEERLY EDITION, TOSTPAID. g ks Fpecimen copled rent free. “Torrevent deisy and mistakes, he mreand give Post- « Omiceaddress in full, Including State and Conntys Temiitances may bemade efther by draft, express, Fast-Ollice order. or fn regiatered letters, st our risk, TERMS TO CITY BUBSCRIAERS, Daly. deiteered, Sunday cxcepted, 25 centa per week. Daily, delivered, Sunday Included, 30 contd per week Adiress THR THIDUNE COMIANY, Corer Medizon nail Dearborn-sta.. Chicago, Tk Almost without oxception encouraging crop reporls aro received from tho farmors who forward dispatches to Tne Tribuxe from Kansas, Missouri, Iilinols, and "Towa, and which ara printed olsewhoro in this fssue. Locnlitles which Ly this timo last yenr and two yenrs ngo had suffored terribly from grmhnpmr' ravages have thus far oither cscaped nltogether or elso have roe ceived tho visitation in a mild form. Every- whore tho faviners, who generally take A very practical amil mattor-of-fact viow of afe faivs, nro highly encournged at tha cxcellent crop prospect, as well ns at tho prospect of renlizing & better roturn upon their invest- ment of toil and trouble than they have done for years, And when the farmer takes a hopefnl view averybody else ie justified in AMUSEMENTS, MeVicker's Thentres adteon sirect. letween Dearborn and State. Tnverly's Th Tandolph steect, hetween Epgagement of Nen Thompson. THE CHANGES OF THREE WEEKS. The political and military changes whicl have taken place in Europe within thy past threo weoks are simply amazing, As publie attention has beon principally directed to tho currontovonts of the war, many of those changes may have passed unnoticed, al- though they aro more or less intimately con- neeteid with the war, A review of thew, o, k and LaSalle stius Whitcomb.™ Adeiph) Thentre. ‘Monros strect, corner Dearborn. Variety per- foriaance. New' Clilenyn Theatres Clark: street, between Lake and Handolph. Commiandeur Cazenouve, the Trestidisitateur, Le MONDAY, JUNE 4, 1877, fecling encouraged. therefore, will onablo the reader to keop | Sultan is not nn impossibility. Austria atill :::’a':,v.::;‘;::fi::“mm": 'fi:“‘?,'l:','::rl:‘:;’,&f — == oTmemm———— even pace with the astonishing march of | remains undocided what to do, but a very | tutional powors, and powors to bo Invoked ns well CIICAGO MARKET SUMMARY. SILVER AS A LEGAL-TENDER. ovonts, Tho war has roachod n compnrative | significant movement has boen mado in call. | for the protection of ovarborno majoritics in States Tho veto message of Gov. Cuttou has given great enconragement to the opponents of n rostoration of the silver-dollar coinage, and to those who insist npon retaining an exclusive gold eurrency ns legal-tender, It 1oust Lo borne in mind thatthelife of a legal- touder paper currency is mensured. Al tho ocension and necessity which nlone logally authorized its lssno have passod away. Tho ronsons on which the courls sustained the conalitutionality of the legal-tender legisla- tion no longer exist, and no act anthorizing an incronsed issno of paper money wonld now bo hiold valid. The greenbacks, Lhere- fore, as n logal-tonder, can never bo in- creasod ; the enncollation of any portion of thom is final. What, thon, mnst take thoir placo? In proparation for this siate of things, tho Government of tho United Statos and the ruling fnauciors in Congrosa were wheodled into tho demonetization of silver in 1873, As o consequence, Lhere- foro, the only legal currency we can have whon tho greenbacks aro re- tired will be gold. If wo are to resumo specie-payments in January, 1879, only cighteon months henco, wo must resume in gold. 'This is the end sought by all tho anti- silver people, and for that cud they are pre. pared o strike at auy legislation haviug n tendency to popularize tho use of silver, 1t perhinps may bo as well nuderstocd now 88 b any timo that no legislation whatever to nid in resuming specia-paymonts will meot the popular approval which excludes the remonetization of silvor and the unrestrictod coiungo of thelegal-tender silver dollar, of 412} grains, The dual or bimatallic logal- tender, ns it existed before 1873, on which all our public debls woro contracted, must Lo restored. This is pronounced Ly Gov. Cuvrox, und by tho orgava of an exclusively gold currency, as practically dishonest. A New York paper thus flippantly rofers to the subjeot g Tho silver legal-tendor sct recently passod Ly the Legislature of [llinols provos that certaln wise nien of the Weet nr3 opposod to any foria of dollar which has s hundsed cents In it, ‘T'ho peoplo of tho West do not want a cur- vency which is not what it purports to be, Tho silver dollar of tho United Statos, av it oxistod from 1793 to 1873, way tho dollar which mensured ‘the values of monoy in the Uuitod States. 'When o debt, pubtio or pri- vato, was contracted, tho number of *dol- Inrs” stated in that contract: wero dollara equivnlont to that silver dollar, woighing 412} graius, of 100 Gnonosa. In time the gold was also mado o logal-tonder, nud this gold, whick was not cqual to 100 cents in the **dollar."—tho silver dollnr Leiug the standand,—was the inferior enrroncy, and ox- cluded the nuperior. Whon Congress, in 1874, nbolished tho coinags of tha American dollar, tho Iatter was worth 103 cents in gold. "I'he pooplaof tho Wust now demand that that dollsr be restored to the coinage sud Lo mado o legal-toudor, Ihe douonctization of silver and the udoption of the gold dollar ns tho unit of Ameriean monoy, togothor with like logisla. tion in Gevmany, and an Inereaso in the pro. duction of silver, had tha offect of produclng a panio in tho silver market, Silver foll to 46 pence per ouuco in London, whero iu 1872 it sold nt 62 ponce. It hins since prrtinlly ro- cavored, and has been sold as high ay 66 patica, and, if It bo remonotizod fu this conn- try, will ndvanco to n point which will make tho American silver dollar equivalent Lo 100 conts in tho gold dollar. That is the dollar which tho peoplo of the West, and espocially ol Tinols, iusist shall Lo restored to the coinage and mado a legal-londer before tho fireonbacks shnll bo withdrawn or vodecined, ‘Thers con bo nosuch thing as an exclusive gold enrrency, It hins nover existod in this as fortho preservation’ of the form of National Government which the Constitation recognized or created, The country would not hesitato it armed bands from Canada were to overihrow the Govern- mont of Vermont: we should not hesitate If the Clovernment of Texas were sclzed by marauding hordes from Mcxlco; nor shounld we hesitato if o popalar leader wero to estavlish o famlily dynasty {n the Chicf Maglatracy of tho Stato of Now York; sndis thero any resson why the power of tho natlon shonld not be fnvoked when armed bands of citlzens dispute tho suthority of the constitational mnjority in o State, drlve doly-elected Qovernors from thelr places, and sot mon In ofiico who have ?a u,no thoreto oxcept that which the bayonet con- fers. . Withont stopping Lo consider how soon the second offort will bomnade to overtirow this Governmont, which Mr, BovrweLt contem- plates, we will simply draw dttontion to his misstatemont that * armed bands of citizins bave driven daly-eloected Governors from thoir places and sot mon in office who have 1o titlo thereto oxcopt that which the bayo- not confors,” Of courso Mr. BourwrLy can- not namo = slngle State where this has oc- ourred. On tho contrary, in the States of South Carolinn and Lonisiana, to which he refers in the main, it was the withdrawal of tho bayonots and not the use thoreof which lod to the chango in Governors. In Louisi- ana ‘Wanuorn, Ketroas, and Packinp had beon sustained in succossion by tho United States troops, and the moment theso troops were roenlled from the nctive sup- port of n Governmont which was such only in name, Mr. Paoxanp ot onco gave way. Mr. Omampenramy, of South Carolina, made his arrangements to movo back to New York as soon a3 ho becama satisfied that ha could no longer rely upon bayonets, Tho simplo faot is that the Southern policy, the abandonment of which Mr, Bovrweun ls. ments o much, had failed to accomplish its ‘purposes, a8 ho himsclf ndmits whon ho says that the **peril has beon yearly inorensing.” ‘Now nnotherand more peacoful policyhasbeen inaugurnted ; why cannot ho and tho other Implacables await a test of this oxperiment beforo demnnding martial law, o stato of slege, and anothar civil war? ——— THE NEW POLICY OF FOREIGN TRADE. Mr. Bawuxt, J. Raxpary, Speakor of the late Houso of Ropresontatives, in anawoer to o lottor from certain citizens of Galveston, Texns, thus refers to ono subject of great public importance : ' The time has come, in my opinlon, when the policy of the Government should bo to enlarga our trado relatfons with Mexico and with the Central and Bouth Amcrican Btates. 1t faell forus to study the statistics of the trado bolween theso countries snd the markets of the world, from which wo find that the poople of the United States arenot recelving a duo whare of the commogce of the countriea I have named. Wenced moro favor- able commercinl relations and more comprehenyive trade connections with other nations, Lot mo cite a fow fgures to prove the truthfulnces of my asscrtlon, Tho public documents show the forolga com- merceof the counteles Jylng south of the United States on the American continent to bo about $520,000,000, Our ahare of thls amount ta about $112,000,000, of which only about $37,000,000 s transporied In Amorican ves: and under the American flag, Sach a stalenient should at once arouse our peoplo from thelr lethargy, The War stimualated the manufactaring facilities of tho Notth enormously, and only by *lic adoption of snch n policy can we keep up tho activity of our maaufacturing djstricts and securo a market for our productions. ' 1t {s dlscrodit to our entighten- ment that we a8 & people stand quletly by and do not maka sufficient cndeavor to Increaso our meagro share of this important trade, . ‘When the extended policy to whichI have ro- ferrod Is Inaugurated, ae It must and wil be, then will yourcity, your State, and tho entire coast of the (olf recclve tho sdvantages which Naturo kae ‘benpoken for thens, Mr, RaxpaLy strikes the right nail square- ly on the head when ho says thatitis n discredit to ounr onlightenmont that tho American people submit to tle policy that has produced this condition of things, Let " The Chieago prodnce murkets were generally acte ive and eamer Ssturday, partly na a consequence of fino weathier, Mees pork cloeed 12 73 13 ensh and $13,46913.4715 Lard closed anhadle casler, at 80,20Q for Juno and $9.50@20.32: for July, re steady, ot 43¢ per ™ for fnose ehonl- ders, 02(c for do whort tibs, And 7c for do short clears, Highwines werc uncinnged, at $1.07 per gnllon. Lake frelzhts weto more active, at S for cornto Buffalo, Flour wasdulland easlor. Wheat closed 1%¢ lower, at $1.511¢ for cash oe June and 8154 eller duly, Corn closed Jic lower, al 44%c 2 Oats closed wtaady, at ¢ for Juno and 373ic for July, 1iye was anict, . Darley was nominally dull, at 60@5e. loge wera dull, and 10c lower, at SLOURS. 15 per 100 1bs, Caltle were efeady, at $8.00%0.00. Sheep were quict at $3.00@%00. One hmndred dolars {n cold would buy £10% U214'tn greenbacks At the close lull—tha calm beforo the storm—in Europe, owing to the overflow of the Danube and tho necessitics of concentration of mon, mato- rinl, and stores befora crossiug; snd in Asin, owing to heavy rains and Caucasian rovolts in tho renr of the main army, threat- ening its communications, And yet mauy moro importnnt events have happened. In Europe, on the 10thi of May, tho Russians sunk one of tho largast Turkish monitors on tho Dannbe, near Ibrail, involving aloss of 300 lives. On the 1Gth they concentrated n strong force at Ginrgevo, and there was a heavy cannonado botwoen Tartukal and Olte- nitzs, resulting in the firing of the former place. On the 21st Russinn soldicrs crossed tho Daunbe and burned Ghinco. On tho 26th anothor Turkish monitor was deatroyed by Russian lorpedoes near Mutch- in, On the 30th tlho Tarks shellod Coar- bin nnd dostroyed ten salling vessels.. Tlhese have been tho only encounters of iioto, but mennwhile the headquartors of -tho army havo beon established at Bucharest, and the army is in position along” the north bank of tho Dannbo from Galatz to Nikopolls, with tho Roumnninn army ncting nstheright wing, and reaching from Nikopolis to Knlafat. Tt is now expected that the Czar will arrivo at Bucharest about the middle of this weck, when the attempt to cross will bo made. Turkoy in Asia has boon the scenoof stirring evonts, On the 10th tho Russians carried tho outworks of Ardalinn and captured Muk. liastor, and the next day stormed tho Khat- subani heights, and on tho same day were ropulsed ot Batoum after o desperato strug- gle. On the 14th tho Turks bombarded and Lurned tho Russian Town of. Sukum Kaleh, on tho ecastorn shoro of tho Black Soa, and drove tho Russianz back to Gangara, On the 17th the Russlans bombarded ,Kors without serious result, nnd ntlompted to rotake Sukum Kaleh, but were ropulsed. On the 1Bth the Russinns under Gen. Meukorr won tho first great victory of the war in the capturo of Arda. han, with 82 guns and an immmonse stock of ammunition and stores, On tho 20th the Shoik ul Islam proclaimed a holy war, and serious insnrrections broke oumt in the Circasslan provinces, which Lavo since boen quelled. On tho 24th. tho Russlan left and centro wore 8o well advancod that tho Turk- Iuh,' headguartersercro removed beyond Er. zeroum, On the 26th tho Turks mado ndos- perato effort to rotako Ardahan, but failed, On the 28th the Russians comploted the in. vestmont’ of Batouns, and sinco that time thore have bean soveral unimportant engage- ments botween skirmlshing partics. On the 29¢h tho Russinus posted botween Sukum Kaleh and Kutals, according to Turkish dis. patches, were dofeatod, nnd on tho 30th thoy mot with a disastrous repulse at Datoum. These items embraco tho moro important active operations in Asin and Europe, They may bo eummoed up as follows: In Asin the Russlans havo invested Batoum with thelr . right wing, advauced their left and centro into Central Armonia, nnd quolled tho insurrections in the Cnueasus which had been fomented by the Turks. = In Europe they have destroyed two of tho strongost vessels in the Turkish fleot, and placed their ormy in position rondy to cross the Danubo when the Ozar arrives to take chief command, ‘fho political ovents in Europs. during this' time have beon oven moro stir ring than tho military. On the 11th of May BMMr. GripsToNz offered o sories of rosolutions in tho English Parlia- mont sotting forth that Tarkey had lost all claim to the support or sympathy of En. glaud. Aftor along debato thoy wors dofeat. od by 354 to 223, and on amendmont was ing the Governor of Crontia to the Ministry of War, who is na active sympathizer with tho Belaves and in favor of tho aunexation of Bosnin ond Ierzegovina, This, coupled with the remarkable reception given by the Croatlan Solaves to the Archduke ArnrecnT, commnndor of tho Austrian army, Limsolf a Bclavic sympathizor, may be looked upon a3 nn .ill omon for an Anglo-Austrian al- lisnce. On the 224 of May Ronmania’ de= clared her independonce of Turkoy, and immedintely thereafter her army, undor tho command of Princo Carr, was formally in- corporated with the Russian army, scting as ity oxlremo right wing, Bervia ling not yet declared hor incpondence, but has placed hor army in position, Russin meanwhilo Idboring to koop hor strictly nen- tral, in order to avoid Austrian complica- tious. On the 27th of May Grock troops commonced moving to tho frontior. On the 28th Greeco sent o mote to the Porte do- nianding guarantees for Thessaly and Epirus, which were refused. On tho samo day the Ministry was defonted and resigned, and tho peoplo mot in convention nnd demanded war with Torkey. Moanwhile, M. Cou- »ouNpoUnos, Presidont of tho Councll, hns formed o new Ministry in favor of war, and the crossing of the Danubo by tho Rassiaus is expected to bo tho signal of an uprising in Greece ns well as in Crote. Buch has beon the work of only tliroo weeks in Earope, but, from the present outlook, the ovents of the noxt three woeks promise to bo still moro oxofting. », In New Yl;x:k ;I;“S;tal;;l!‘ty»[‘;l:‘;;;lbmku ruled manded and receivad from both Russia and Purkoy written declarations (hat the ob- struction to froo navigation of the Danube . shall be removed immediately upon the termination of the presont war, and sbail form no precedent for nuy future resiriction whatsoover. . lapse of the County Ring aro of n character to justify contiuued confidanco that tho thicvesaro in the toils, and that tho demauds of jtistico and the Penitentiary aro in o fair way to bo satisflied.. The Grand Jury will bo reimpnneled to-lay and go forward with their investigation to tho end. THE PRESIDENT AND TEXAS PACIFIO. The Cincinnati Commercial has Washing- ton advices to the effoot that Presidont Haves, without being in any way committed to the Toxt Bcorr scheme, favors in a gen- ceral way the londing of Governmont aid to the construction’of a Southorn Pacifio Rall- road, nnd that ho will recormmend Inliis mes- sago to Congross the adoption of some such monsure. ‘'Wa cannot consent to nccopt this atatement as true, ond shall be much sur- prisod os well as chagrined if it shall provo to bo corroct. It is possible that Prosidont Haxrs may concoive it his duty to say that ho will not intorpose hiz veto to defeat suck s menasuro, on the ground that it Is for the represontatives of the poople to dotermino the mottor, This view of tho caso might bo sustained es proppr, without regard to the Prosident’s individual preferences, if such a measure woro passed a8 on undeniable expression of the popular will, aud not a3 a rosult of persistent lobby- ing, the bribing of Congressmen, and sec. tionnl trades, whoreby ono subsidy was granted on condition that others should not Lo refused. DBut it would be so manifostly unfair for the President to use Lis influonce in favor of any subsidy at n lime when the intelligent sentiment of tho public is op. posodl to all subsidies, thak wo caunot crodit tho statemont, o hinve gono over the argnmonts agalnst any furthor subsidy to the Southern Pacifio scliomo so ofton that it is necdloss to repont them in detall. A mero mention will’ recall their forco. Tho exporioncoe the nation hina alrendy had with the corruption”that follows all Government subsidy schiomos, nnd that of Paclfic Rallroad jobs in particular, should bo a bar to overy repotition of the oxperimont nuder an Administration which rests its claim to publio confidenco mainly on o reform of the public servico, ‘Tho appeal to national sentiment that was made for subsidizing the first Pacific Itoad, when it was belloved that it could be con- structed in no other way, and when the route selected waa contral and equally beneficinl to all prta of the country, cannot bo made in Mnj. Brocrway, the Recorda of Dseds of Cook County, has proparad his first somi- onnual report to Lo submitted to the Bonrd of County Commlssioners, aad the showlng is o most crollitablo and aatiafuctory one, It affords proof that tho Racorder’s ofios Iy conducted cconomically snd houestly, well 08 with particular referonca to the con- vonience of tha publie. Borors Fneormies Marmepa, wife of Wuenat HI, King of Iolland, died yos- Jterday at tho age of 59, Sho had bLoen serlously il for some timo pnat, and hor death hnd been of late hourly expectod. Sho was tho daughter of Wizriax L, King of Wur- temberg, and was maorried to the present King of tho Notherlands in 1889, ton yoars prior to his accession to tho erown, Catholic festivals celobrating the unox. ampled duration of tho pontifioste of Piua’ IX. were yosterday held throughout Canada and in thoso eitivs of the United States hnv- ing a numerons population profassing the faith of the Mothor-Church, At Mantroal 15,000 porsons ara #ald to havo nifizehed in procession, and n principal streot of tho city was earpeted botwoou the tracks of a stroot- railway traversing it. Tt soerus probable that tho order consol- {idating the Pension Olicos will becarvied out 08 it wns nt first lsued. Great pressure has bean brought Lo bear upon the Commissioner of Penslons Lo fuduce him to modify the order $0 m to leave Tllinbis two ofllees to ho loented nt Chicago and Quiney, Lnt, from the fact that the granting of ono such request woull open the door to numerons others, it i5 unld that tho original order will Lo atrictly adhered to, dictated the bzlligerent action of "Turkey aro Repww Tasha, Minister of War, and Man. “I'he latter person is the brother of tho Sul. tann, Epmax Pasha, Grand Vizier, and Sarver Yasha, Minister of Torelgn Affairs, sm to be the think \bie country, and thore I8 no rational | ndoptod o the elfoct that tho House, with. | the case of any Southorn Paolfle schemo, | Mr. RaxpaLs have the houesty to proclaim :\L{-ll‘im: P‘L’lrlme Th:s;ne\v,;w:o::"n:;ou:z exeuse .for trylng it now. Gormmny, | out definivg sy ultimate. lino of policy, | which is essontlully as scctional as tho | his own respounsibility and that of the State sccuro an opportunity to bo arbitrated upon thongh it undortook to emonotiza | would ontertain no resolution that would | Northern Pacific schome ; onois not demaud. | ho ropreseuta for the scandalons and dis- ad by tho wholo country auy woro than tha otlier, and if o Government guarantee iu- volving a risk of noarly $200,000,000 in one caso Lo made, thoro is equal justico In do- mauding o aimilar subsidy for the other, But, even if there woro any morit Inasking thissub. sidy from the Government, it would be folly to lsten to the demand at a time when it is ovident thnt & Bouthern Pacifio Road will be constructed by private enterprise, and by ald of the land.grants alrondy mado, as rapidly as commmeroial Inlorests warrant, ‘The Cantral Pacific ownens havo already con. structed 700 miles of road from San Fran- clsco to the Houth and East, and are now prolamltng them very encrgelically on the line of the Southorn Pacifio; they will buitd 200 miles more duriug the presept year. Thoy have awplo means at their command, and will unquestionably go ahead, whether any further ald be granted or not. With theso facts staring President Haves in the face, it1sinthe highest dogree unlikely that he will recommeud to Congress s guarantee of any sum to any Southorn Pacific schomo, or any other moasuro which coutemplstes the usc of public moneys for sectional or private beuefits. The samo dis- patel which yoports Prealdent Haves as fu. clined to do so states that he is opposed to tho other Southern subsidy messures, such as building levecs ou the Mississippl Rivor, rofunding the cotton-tax, ete, But it is vory cortain that, once the practice of publio sub. sidics bo ropewed, which was thought to have been thoroughly abandoned when the oxposurcs of, Orodit-Mobiller wnd Pacifio Mait ragcalitios wero made, neither Presidunt graceful policy which has so long plundered tho nation and destroyed ite commerce, Tha destruction of American commerce with foreign natlons is tho result of the policy adoptod fittoen years ago to limit Amorican production to the mere supply of the home market, and to prohibit trade with foreigu nations, Foremost and conspicuous in the advocacy of that fatal policy was the State of Pennsylvanla, and on that poiut there was no division of parties,—Democrats insisting that they wore - batter Protec. tlonists $han the Ropablicans. From 186t down to the last {iokering at thé tarif law, Ponnsylvania was even more olamorous than New Eugland for every instance of yobbery snd plunder comunitted in the name of * Protcotion,” and awong the unblushing advocates of all these measures no ‘man Wwai ymore ready sud prompt than Baxven J, Raxpars, « It Iy gratifying now to read how painfally that individual {s impressad with tho wreck and yuin he Lias so louglabored to accomplish. Tn ‘his maudlin sorrow over the ovil consequen. ces of the poliby of Proteotion, Lo gots off the paculiar asserbion that * the War stimu- 1sted the manafocturing facilitivs of the North enormously, and only by the sdoption of such a policy can we keop up the getivity of our wanufacturing districts and seouro & wmarket for our productions.” What polioy ? The palicy of ** stimulating "? 1t this lotter bo intended for anything but & frand osnd & decoif, then it is o confession of the iniquity of 3r. Ranparr's whole polit. ical record, and & confession of the iniquity of Protection, and a confession that the wel- ombarrass the Governmont in tho mainton. anco of English intercats, Thgeo interoats wero officially definedasthenavigation of the Bosphorug, tho Bucz Cannl} and the integrity of Constantinoplo and Egypt. On tho 21st an interrodation as to the danger of theso interests was addgessed to Russia by Lord Drany, to which no oftieial answer has yet boen made, although it Js stated that to.day Connt Bcuouvazorre will leavo 8t. Potersburg for London with the nssurances that Russia will not strike at any of tho English inter- ests ay deflucd in the Parliament debates, In France, internal dissensions of the most sorlous nature have srisen, growing out of Bonapartist and Legitimist plottings. Tak.' ing the faflure of M. BroN to oppose the ropeal of the Preas law as o protext, the President on the 17th of By removed the Ministry of the majority and appointed one from tho minority, headed by the Duc do Bgoouiz. 'The Chawber replied by a want. ofconfidonce vots, On tho 1Sth he sent n message to both Chambers, claiming that ho had only acted in the lino of constitutional usago, to which the Left veplied in a ringing manlfesto to the nation, On tho samo doy the Assombly was prorogaed for one wonth, Since that timo the new Ministry lias boen removing Republicau Profocts all ovar Fraunce, appointing Bouapartists to of. fice, and prosccuting Republican noews- popers, thus paving the way to carry tho clection for the now Assembly, since the present ono will ba dissolved whon it reas- sembles. ‘Tho principal matters of intorest in Germany hinge upon the French Miuis- terial crisis. Immodiotely after the ap- ilver and eatablish gold coinage, has not Beon able to nccomplish ft. - The demand for $300,000,000 of gold to take tho placa of sil- *| ver Lind tho effect of disturbing tho relative values of the two motals. Tt is immatorial whother the cffect waa to advance gold or dopreciato silver,—the résult wos tho samo. Thongh gold s now a legal-tender in Ger. many, the silver thalor nlso remains o logal. tonder, and must romain so, Practically, tho colns of tho two metals are legal-tenders in Germany, though thero is oven a greater difference between the valuo of tho silver thaler ond its cquivalent ;old coin than thera is between that of the American silver sud gold dotlars, Is Germauy swindling her creditors by paylug all debts contracted in Germany in *dobased " silver coin, and are bo German people dishonest becauss thoy nsist ou rotaining the silver thaler, to which thoy have been nccustomed so long, and which has always been the unit of volue in all their transactions? Tha great stress is, however, 1aid upon the nssumed dishonesty of rostorfug the silver dollar, becauso of our obligations to our creditons, When our national debt was con. traoted gold and silver worc both legal. teaders, aud the debls were made payable in coin, the silver dollar being then of greater value thou the gold dollar. Was it dishonest then to select thocoin having the loast value in which topay our debts? In 1870 Congress passed the bill sutborizing the refunding of tho 5-20 bonds in 5 per cents, 4} per couts, nud 4 per cents. In that law it was cspressly stipulated, ond it was roquirad that tho stipulation be write 09 600n 04 the Linasian aword shll havo suf. ficiently nppensed the wretched dosiro of tho fanaticul populace to furnish corpses, ey ‘Tho letter which we print this morning from o correspoudent in Paris, togethor with extincts from tho London 7'inies, turnishes a very comploto and interosting narrativelof tho scenes accompanying tho sudden ‘and startling coup of May 10, BlacMauon's de. wmoud for tho vesignation of Jures Snsoy was entirely unexpocted, alika by that 3lin. ister aud by tho other Ropublican members “of the Oabinat Council, nearly all of whom were obscut from their posts in attendanco upon the funeral of M. Pscanp, the eminent Republican Doputy. All Parls was taken by surpriso ot the sudden firing of the Boun. purtist train, which is now Luown to have been in courso of socret preparation for , some timo proviou: ‘The temporary lull in the Russlan oper stions in Asia Blinor, occasioned in part by heavy ranins and also by tho noccasity of attending to the insurrectlonary Oircassions in the roar, has given place to & general edvance of the catira army, and the cable brings reports of a series of preliminary successes which aro evidently the prelude to & great and crushiug victory over the forces commanded by Mugaras Pasha, Soveral - winor engegenicnts in the immediate vicinity of Kars have compelled the Turks to fall back, at the same timo onabling the Rus. sians to completely surround that fortress. * Xars is said to be well provisioned for - 8 protracted slego, but it has ‘beon liomo, has driven away tho uations who would be our best customers, and left us in provailed during the War, Insted only four years, and has been over twelve yonrs, but the policy remains un- changed, and, 8o far ns the statute-Look iu concerned, the pennllies imposed on a for. cigu trado nra as greal as over, an the Jast day of the mouth, hu defaults on his contract. If tho buyer does wot pay for tho property when tendered, Ae (a the defoulting several cents per bushiel, Asa guarantes that Tie will perform his part of the contract, each explration, ask the other porty to “scttlo " and, {f the two can agree upon Lerms, one pays cording to the terins of tho original contract, ‘The rules of the Board of Trade do not provide grind tho corn nor to sbip it. he hopes the prico wiil advance, so that he can sellat u profit. e carrles tho deal till satisled with the profit made, or till afrald of rsking further loss, and then sells. When the corn is delivered to him InJuly ha dellvers it to the third party, aud his profit or loss Is the difur- cnce between the money he pays for the corn and the awount he recelves for it. In like man. owning it ot the time, but because he expects to baablu to buy it ab a less prics before the ma. turity of the coutract. Ilo buys in the corn subsequently, and delivers it &s s00n as possible after rozelving 185 tho differeuce of tho selling and buying priccs belag his profit or loss, ad tha faro of the nation, and ospecinlly of the manufacturing districts, domands an immo. diato abandonment of * Protection,” and a roturn to the policy of tHo largest aud most extonsiva external trade possible. ‘Why is it that tho West Indics, Moxico, Central Amoriea, Brazil, nnd all the Bouth American States, Japan, and China, though our noighbors, are not onr customers? Why is it that wo purchaso their tos, coffeo, sugar, waol, silks, and other prodncts, and pay for them in gold dmfts on London, whers the money is used to pay for cotton goods and a varloty of othor manufactures which thoy could find in this couniry? Why is it that oll thia trado has boon driven away,—forced nway from the United States? It would be to the great convenience, profit, and advans tago of all thoso States to purchaso all thoy mneed in this conatry, bunt thoy have been excluded by what Raxparn colls the stimulants of the War. Tho fact is, the Now England, and especinlly {he Pennsylvania, policy of establishing a “homa market" for all things produced at liomo and the oxclusion of all things pro. daced nbrond, and tho enforcoment of this policy by confiscating ponalties on imports, ond by the awollon cost of production at tho comparatively . pitinble condition which Raxvart describes, This policy bo scem- ingly secks to palliato by suggesting that it But the War * The change in this policy s been long domanded. If Raxpary's lettor has nny in. tolligent menning, it is that our manufac turing distriets arc now.to bo stimulnted by opening to them for tho salo of their waros all the ports of tho world. It means that the iron and steol industries of Pennsylvania aro to bo encouragod to sell their products even in England and Belgium and wheraver thoy can flnd n purchaser, just as Fall River cot- ton goods are now selling in Manchester, Out monufacturers should bo stimulated by having all the raw matorial thoy may need in their business,—aoven conl,—admitted froe of tax, and in every respect placed on an oqual- ity with theilr compatitors in other parts of thoworld, and thon,with all the groat natural ndvantageswhich this country affords, such as clienp food, abundant fuel, water-power, and general cheap transportation, thoy ought to bo nblo to command .not only the homo market, but also n large share of tha world's trade. And what hag this policy done. for that class of tho population in whoso name andfor whosa bonefit this great national wroug was committed? In- what condition has it loft the workingmen nnd operatives whoso interesta wero fraudulently 'ropresonted as # protectod”? It has reduced thom to bog- gary, starvation, and even to crime., It hns closed ostablishments porinining to all branches of industry, and, as o distinguished Pounsylvania statesman said some timo ago, covered the ligh-ronds and by-rinds of that Stato with beggars and tramps, struggling with ono another for the bread of charity, OPEBATING ON 'CHANGE. A correspondent asks us to give him gomo in- formation about the way In which Board-of- Trade operators, and others, trade In produce In thisclty, We presume ho rofers to swhat are often callod “ options,' as the buying and sell- ing of grain or provisions for present dellvery fn very much ke the ordering of a cliest of toa at the grocery, and paying for It when the tea ls delivered. Wo premise by stating that the meaning of tho word ‘‘optlon,” as applied to trading on 'Change, is not generally understood. Most peoplo n the coantry scem to think that the person who'buys an article on option can take it or uot, aa he pleasca; and that the seller on op- tion can dellver or not, as ho vicases. very wide of the truth, ‘The man who sclla 5,000 bushels of corn at 50 cents, scllor July, Is oblized to deliver it to tho buyer at some timo duriug that month, aud his option anly cxtends to the choleo of the tlme (during buslness hours)in July, when he will delivor & plece of papor (re« celpt) which transfers tho ownorship of the ‘This fs proporty In store, and recelve for it another pleceof paper (check) which transfers the own- crabip of theprice~8§2,500—In the bank, If hodo not deliver It beforo the close of business hours party. Buch attrade” in corn for July may be made in May or June, several days or weeks before tho earllest thme at which tho property can bo dellvered. During that fotervening time tho market price of corn may advance or decling party deposits 10 per cont of the agreed prico witha bank which bas been approved by the Board of Trado; aud this doposit® s calied & “margin," The market may advance or declino moro than 10 per cent before the corn Is deliv- cred, In which case tho seller or buyer muy ba required to deposit an additional sum, or mar- ging and theso wargins are returned by the bank upon tho jolut certificate of the two pure ties that the contract has been fulllled. Eliher party to the contract inay, before its to theother the “differeuce™ between the orig- {ual price and the price then current, Tho trade 1s then said to be “scttled *; but this con ouly be done by a sccoud bargain between the buyer aud scller, In the ubsence of such after agrecinent the property must be delivered ace for anything other than the actual delivery of the property within the time epecified; except as they take cognlzance of defaults to deliver or to recelve and pay for the same. Contracts are not often setticd In this way, Inthe great majority of cases, bowever, the de. livery is “provided for.” 'Fhat !s, the buyer has no use for the property; ho neither wants to s buys becauso ner the soller may scll thecorn without actually case may bes " Very much of this trading s done on account. of outside parties, Mr. A, in the country, thinks corn will advance, sud telegraphs Mr, B, the commission-merchant on 'Change, to *'buy five corn for July.” If the market price Lo 50 ceuts por bushel, and Mr, B s a prudent man, Lo will require A to send- $300 (10 per cent) to be deposited ns o . margin, because e knows that howill be required to take the corn and pay for it fu July, whether A wislies it or not, uniess his can previously sfToct asettlement, B buys thecorn from C. 1f the price advance, say to 58 cents, A may order bls corn sold; B scllsit to D, aud sends Athet cents per bushel, after subtructing bis commis- slon charges. A has now no juterest inthe queation whether or no$ € or D wlll perform ths coutract with B at maturity, BSuppodc the mar P ; ket declines to 45 cents befors A orders the corn tobe resold. In that case thé margin 33 ex. hausted, and Bealls on A for more morney to protect the trade, beenuse C will call od B to protect the contract in the same way, It A thinks corn will decline, he may order B tosell for dellvery in July, He may order B to either buy or scll wheat, pork, lard, or outs In. stend of corn, and to make the transaction for’ any other month than July, or for tho wholu of the current year, if he wishee. Tho principle iy the same fnall cases. A contract is made to recelve or dollver, at acertaln price, a certaln quaatity of a named artiels at somo ting iy the future, aid asum of money is deposited ag security that the person making the trade wij- perform his part of the contract within the time named for Its performance, 5 Another polut generally lust sightof by par. tles outslde the Board Is tho fact: that prices advance or decline as the number of buyers or scllers preponderates. Tho news that Rusata as determived to make war on Turkey fs flashed over the continent, and 600 inen think simultancously that 1t is'a good timo to buy, Each sends In an order to purchase, and thers are few eellers; lence the price advances rapidly, Two or threo days afterwards o dash of peaca news Is sent over tho wires, and all these men send fn orders to scll; the market declines rapldly under the weight of offerings. The commisslon-merchant here has nothing to do | With the upwar@ or downward movement {n prices, except as he {s obeying tho Instructions -of his cllent, Yet that client will excitedly berate the Chicago Board of Teade as n'pack of gamblera, {gnoring the fact that 2e 18 the rea) Rgambler, ifany there be, and that hic has lost hls money becanse too many other men were simllarly affected with himself at the same instant. Of course there {s a good denl of trading on 'Change that 13 no better, than gawmbling; but it 13 also truo that no small part of this buying and aclling for future 18 just as lvgitimate an operation as {s the purchase of a harrel of flour for home consumption.. We cannot, however, enter now upon an explanation of this phaso of the trading without making our article too lopg. We may discussit at some futuro time. 2 idesiude danneicns The Bureau of Btatistics has lasucd a clrcular giving comparativo statement of the imports and exports of the United States for the firat ten monthis of the fiscal year, These fnclude the business for April, 1877 MENCHANDISE, —— 1877,y Honth *fen montha o Exparte—pomente. ptrE Aprit 50, xports—Domentic... 44,137,787 §303,710, 042 Porcian MO P Totals 11,400,048 $314, 083, R02 Imports 002, 8. 8-1". 817 £157,000, 045 R R " 24 1081708 e nn 0§ 3,708,862 § a2 Excens of ox. over Im.8 1,707,632 GOLD AND BILY Exports—Demestic Forelgn 1,682,248 18,001,651 Excsssof ox. over Im.$ 2,210,018 ios Excess of Ini, over vx. P 46, B3 TOTAL NERCHANDIAE AXD ATECIE, Exporte~Domestic, ... 845, 174,854 8320,807,110 Forelgn 20,101,004 ‘Tofal 4 $540, 000, 074 Imports, 303,010,751 Excceas of ox, over im.8 3,034,170 $154,052,728 o1 MENCHANMWSE. e e 1870, e Aonth Ten mto'r‘\‘m 819,100, 110 41,241,040 0l Aprit, Exports—Nomestic....$37, 048,451 Forolgn....e 1,271,420 877 $452, 013, 404 1UBD, 06y, 848 Tatal Imports.e.. Excosy of cx. over Im.§ 2,703,351 $ GOLD AND BILVER (COIN AXD RUL Exports—Domestic. 4,088,073 § Forelgm. Excoss of cx. over Im.$ 4, TOTAL MENCHANDISE Exports—Dumestic, ... $12, Forelgn 2841, 342, B 0 3 ao’.ssx,utlul" Bt Excesa of ex, over Im.$ 7,401,285 § 90,008,507 Not reported—Alsaka and Oswego, 1t wiit be scon that in April the value of tho . Imported merchandiso was within less than two millions of dollars of tho valucof the ex- ports, while the gold and sllver exported twas more than two millions in excces of the fin- ports. The balance, bowover, at the end of the ten months, shows an cxport of merchandlse 1n excess of imports_equs! to £157,000,000, and an excess of fmports of gold and‘silver over exports of $3,000,000. Until March the month- 1y cxports larzcly excecded tne finports of merchandise, snd the imports of bulllon were greater than the exports, Even aa 1t Is, the balance of gold and allver, though small, is fu our favor, ———— Tho Loulsville Courier~Journal tries, with India-rubber logic, to belittlo the criminal fu« difference of Gov. SToNE, of Misslasippl, to the atrocious CuisoLs massacre.” It recites mure ders in other States, and calls upon the Gov- ernars thereot to punish erime, Thero is no sense {n the analogy, for no Stato Government In the North suffers criminals to bo successfully deflant. _ At least an cffort fs made to punish. Call the Kemper Couuty butchery s nere brutal nssassination,—it atill remains for Mr. SToxa to take prompt repressive measures, e—— The country has its * Implacablea” and ts #Irreconcilables " as words of spitefulness and men of wrath; but, now that the Custom-Houwse Commission {8 working such revolutlon’ fu the ‘I'reasury service by reductions of forces, wo ahall be treated to tho Incapables, who will now combine hato of the Adminlstration with tho “Implacables,” the ¥Irroconcllables,” aud, iu too many cases, the dishoneat. ——e— There s a good deal of talk sbout Republie- anizing the Bouth, as{f it wero ona of the casy things In polltics,—say aa casy as putting s sube aldy through Congress, Yet after all it would be better, more casy, and moro complete to Re- publicanize the North, Tyo South s o ltle new to tho real merits of anything save Democe racy, while the Northuoderstauds both factlons, e —— When will politiclans learn that the peophe are not'to bo joked by paper-coller addresses and letters! Theories no fonger win victories. Let our shadowy statesmen try something pewer than the “glittering gencralitics” of state papers, uud prove their statesmanship by thelr deeds. L —— ! The Springfcld (TIl) Journal has come out for the Bouthern policy and in support of the President. It takes s column editorlal fn which todo it. Furthermore, wo fecl suro that e will have that Post-Ofice, though we sugrested a-clerkship only. e —————— The Augusta (Me.) Journalsays tbat, while oos or moreidiots in Wasliington are creating partics - for him, Mr. Blaine *is. trimuing bis apple: trees and cutting. asparagus™ That f& tho diviue herolsm of a politician. RS ASR———— ! 7The Toledo Dlade urges parents to have thelt children tauglit trades. The theory is s g one, but unfortunately trades-unions decide this matter for the pareuts by practically Jorbidd!ng such education. . ——e Ambitious politiclans fight for a place in Con+ ereas, iguorant or forgetful of tha fsct that farue geuerally Snlshes thelr course with the oblivion of a place n the Congressloual DI Hoitary. et ———— Au ftem for 8t. Louls ladios: A new kind of cotton-plant has been discovered in Bgyot. 1t produces twict 8s wuch as oy of the ordinary kiod. ———— Politiclans propose to amuse the public with alr parties ustil next October. e —— 1t 1s proposed to educate Pennsylvania meds feal students uutll they cun tell baklog-powdst