Chicago Daily Tribune Newspaper, June 13, 1877, Page 4

4 ' Thye Treibwve, TERMS OF SUBSCRIITION. BY MADL—IN ADVANCE—TOSTAGE PREPAID AT TRIS OPFICE. ; 1 year. ‘month Bpectmen coples sent tree, o present delay and mistakes, be surasnd give Potte Oficoaddress in full, inclading Gtate and Connty. Remittances smay bemade elther by draft, express, § Tost-UMceorder, or 1o registered letters, at our risk. TERMS TO CITT SURSCRIDKRS. - % sy, delleered, Sunday cxcepted, 23 cents per week. i1 Lefls, deilvered, Bunday Inclnded, 30 centa per week i % Qor Boarding-House.” Address THE TRIDUNE COMPANY, Lormer Madison and Dearborn-sts., Chicago, Itk AMUSEMENTS. MeVicker’s Thentres Madiron strcet, between Dearborn and Stats. Tinverly's Thentre, Tandolph strcet, between Clark snd LaSalle. ‘Engagement of Den Thompson. ** Joshua Whitcomb" 2 Afternoon and evening. formance. er of CiaAS, NS B FORNS T Sotretary. Adelpkt Thentre. Monros strect, corner Destborn, Afternoon and evening. Varlety per- SOCIETY MEETINGS. RESPERIA TODGE, NO. 411 A, F. & A, M.~Reg. ular Communication at'Masonte Tempie, corner Jian- . Srenim. Jine 3 rethren condially Invited, AS. HEATI BRENAN, W, M. ‘WEDNESDAY, JUNE 18, 1477, CHIOAGO MAREET SUMMARY, Tha Chicagy produce markets were generally s+ easfer yesterday, and moet of them were active, Mess pork closed 35¢ per brl fower, at $12.625@ 12,55 for July and $12.07%@12.70 for August, Tard closcd K per 100 o Jower, at $8,60@8. 023 for July and $8,70@8.72t4 for Angust. Meats I}i were canler,at 43c for loosc shoulders, G¥c¢ for do i s * B18,177 bu whent, 3,000, short 1iba, anil 6%c for do shart clears. Ilighwines were unchanged, at$1.07 pergalion. Lake freights were quiet, at 2¢ for corn to Buffalo. Flour waa ! more active and flrm. Whent closed 3%4@4c lower, at 21,6044 for cash or Junc and $1,40% seller July. Corn closed 1l4c Juwer, at 45}4c cash and 464c for July. Ostsclosed firmer, at 38!5c cash nnd aixe for July. Rye was dull, at G7@U8e. Datley #old aparingly st . Hogs were quiet and casier, closing weak a e decline, Salen at $4,60@5.00. Cattlo were active and 10@16¢ lower than Monday, with enlen at 21,50G£0,85. Sheep were firm, Last Saturday evening thery was In storo-in this city Da corn, 208,460 bu outs, 15 bit rye, and 172,105 bu batley, To- tal, 5,137,418 bu; being a decronnc of 408,008 ha during lust week. One hundred dollars in gold would buy $101L,874 in greenbacks at the close, Greonbacks ot tho New York Stock Ex- i chnngn.yas!md.ny closed at 05}, City within a very fow days, and hos gone tlicro to witness the performance. It is evi. dont from this fact that ho doesn't expect it . will bo much of n blow. If ho thonght thare wna to bo a repetition of the disturbances at Hazel Green and Mt, Carmel, prior engago- monts would necessitate the sonding of hia regrets to the managers of the Kansas City “enturtainmont. The Sonthern Illinois Normal University, at Carbondale, yeuterday began its anunnal commencoment oxercises, and, should every- thing procced safely, will bo delivored of four graduates some time during tho weel, ‘T'hia mouse*breeding mountain recoived an enormons approprintion from tho rocent Logislaturo, the item for heating apparatny slone amounting to 18,0000 Graduntes who nre honted at an cxpeawe to tho State of $4,600 ench ought to have a wann nppre. ciation of public bounty, Bomo twenty years ngo Bnionan Youna was au Indian Agent, and it is now suspoct- od that his nccounts with the Govornment were not kept in that strnight and narrow line that patriots like to contemplate, The Attorney-General has called npon tho nee ‘counting oflicers of tho Troeasury for the docmmoents, aud if thoy furnish tho evidenco of Brionsn's villainy, as it ia confidently charged they will, annoying indictmonts will Lo found againut the Mormon Saint, and he may find himscif in the impious hauds of & Gentile jadior. An umvr[ wns mada )eut;x;;lny by the " Grand Jury to extract from Mr, HiNsparz the numes of those to whom he paid the cheeks torn from Lis chock-book and se- creted. Io refused to auswer, and Judge Doorit declined to commit bhim, as it was possille, in his present position, the answer might criminate himwelf, Hixspare then offered to **gqueal" it immunity wero prom. ised for his own sing, but the jury decided not ta trade with hir), ‘Iherais n prospoct that he mny bo indieted ngnin, under the conspiracy clause, for prejudicing the ad- ministration of justice in tho destruction of the checks, MMr, Cuessrovonu appears to hava sotlsfac. torily answered the objections ralsed by (ho North 8idv Citizens' Uuion to tho operation of tho Fullerton-nvenue conduit. The gen. tlemen from over the Rhino thought they Lind renson to wuspect tho contamination not ouly of the lake winds, but also of the water o3 far out s the orib, it the contents of the North Branch were pumped into the lako, and suggested that the lake be pumped icto the North Branch and allowed to find ita out. lot through the canal, says that tho stagnaut water will not reach the crib, and that tho engines are to be con- structed 60 as to putap Loth ways and thus satisty all parties, . \ —— Tur Tribu: special correspondent at Rutschul sends an interesting roviow of the situation along tho south bank of the Dan. ube, Ho cstimates the Turkish forces at 181,000, half-fed, undorpaid, ignorant brutes, without religion or rations, money or muni. tions of war. 'I'ho garrison of Rutschuk are almost atarving. The regulars lLave mot been paid for cighteen months, and tho gun- ners lave heen warned against returniog any fire from Glurgavo on the opposite sido of tho river, Jest they wasto their powder. "Thero nre rumors of another efort to bor- row jeoney in England, aud, to summarize, the wholo situation is a gloomy one for the Turks, The Totest uttorance of President Mac- Mauoy, in reply toa Legitimist deputation that had waited upon him, is remarkablo in two woys: Finst, with regard to Legitimist candidates, and second, swith regard to his future course. His remark to the deputa. tion, “As to Legitinust candidates, any Legitimlst candidate really having o chance of success will bo openly and loyally sup. perted by tho Aduinistration ot tho elece tions,” reully menus pothing, The only Legitimiat espirant to the thromo is the Couct pr. Citassoun, who is s0 unpopular in. ¥rauce that no sdvocate of Lis runniog for s The City Enginoer tlia Assembly conld wmmater a corjroral's ginrd in any olection district in France. The promiso was therefcco a safs ona to make, With roference to his own course the Prosident mays: *“I} will perhaps be necessary to demand the dissolutiors of the Clhambera. If you saccord it to mo, I shall R it as well aa possible. If you refnse it, I shnll withdraw.” Dut sappose it should Lo avcorded and a still moro Republican Cham- ber bo returned. What then? Wonld he witixIraw or would he stuy and precipitato revoletion? S— Lord Denpr's speech befors the Merchant Tallors' Guild was nou.committal, thongh inclining, in A goneral way, to extol the vir. tues of peace ratbor than to compliment the chances of war. It wis looked forward to with intorest, aa the noble Lord is a momber of the Oabinet, and hud not beforo expressed his views. From its tone ns indicated in our cable special, it wouldl appear that the Erit. ish Cabinet had mot decided on a course of naction, for Derny twwom'd probably have given exprossion to somethiny hinting at the con. clusion, had one boen arcived at, e a——— The New York Tridune publishes tables showing the earnings of nearly all the rail- ronds in this conntry, aud also tables show- ing the dividonds mado by the railrond cor- porations. From thesa it appuars that stock amounting to $1,400,000,000 paid no divi- dends the last year; that stock amnunting to $826,641,702 paid on averago dividond of 7 per cent., The dividends mnde average about 2.0 per cent on all the stock outstand- ing. ‘The roads paying dividends have abont $800,000,000 of bonds outstanding, which practically represent the capital investod,— the roads being constructed by the enle of bonds, and but a small proportion of cash being invested in stock. The London Timen recnlls an event in his. tory which affords a curious pavallel to the recent nction of the President of France. In one of his quarrols with Parliament npon a municipal bill, Cuances X, dismissed M. oE Muantionac from office and gave the power to Prince Portavac, The Chamber protested and he proroguad it. The press then protested, nnd Lo answered with a dis- solution and o porsonal appeal to the conn- {ry, and the country replied by eloctinga Chamber more hostile to the Court than tho other, The result wos rovolution, Will tho samo result obtain in this cnse, or have the Fronch people grown wiser since the days of Cuanres X. ? Tigures thus far recoived indicato tho de- feat at tho election yestorday in Georgia of the proposition to eall o Constitntional Con- veution to alter nnd amend the State Consti- tution adopted at the time of Georgia's ro- admission to tha Union, It wes the im. placables and irreconcilables of the Toosrsa stripo that intorested themsolves in theabro. gation of some of the clanses of tho presont Constitution which scom to refleat unfavor- obly upon the Lost Oause, nnd the defeat of tho scheme for a Convention ia their dafeat and the triumph of the progressive and patriotic element in Goorgia politics, Indi. rectly it was a test of the strength in Geor- gin of the policy of pacification and advance- mont and the weakness of the Confederate- Bourbon faction. At o recoption by the Manhattan Clab lost night, Mr, TiLpeN bowailed his fate that the usufrnet of tho nationnl patronage shomld havo passed from within his grip forever. Ia a weak and trembling imitation of what ho might have Loen with differont surround- ings, ho talked of disfranchisemont, and then dropped into maudlin propheaia of the glit- toring glories in storo for the nation when *¢ external forces " nhall conspire to clect any man who lins spent his monoy to sccure the Presidoney, closing with a malignant kick at his old frionds in Tammany's plmy days, It was o molancholy oration, entitled to charit- able considoration for ita funereal nspects nnd ita functiona of epitaph upon a broken nnd misgnided man. | Tho report scems lo be confirmed that Sonator Monoax, of Alabamn, has nddrossed nleiter to the Attorney-General ** demand- fug " that the inflnovce of tho Administra. tion be exerted to sceura the dismissal of the suils brought in the Unitod Stater Court for Alabama nagainat persons engaged In corrupting the ballot-box, Theso snits wero brought under the United Btates law nuthorizing the appoiutmont of Supervisors for Congressional elections; and, on {ho ono sido, it iu claimed that thoy were instigated by the spito of Jene Hanavsox, the colored momber of tho last Congress, who was do. fented for re-clection, Tho best way to es- tablish this claim s to bring tho suita to trial; thero is no danger of conviction if the persons under indictment are innocent, Tnt to conceive that tho President’s pacification policy should includo the dismissal of in. dictmonta found for stufing tho ballot-boxes ia to distort that policy into a general con- doning of crime. This may be Senator Mon. GaN's iden of it, but it s certainly not the Prosident'’s, Tho letters in {ho current English papers from tholr war corrcspondents satisfactorily explain tho dclay of the Russians in crossing the Danube. During the whole of Apriland May thore wna almost unexcoptional wet weatlier, so that not only tho whols basin of tho Lower Danube is overflowed, but all the Roumanian rivers Qowing into it have risen, interrupting travel not only on the railroads Lot also un the high ronds. The result has bLeen that there has bLeen mo point on the Danubo whore a large army could bo safuly crossed, and the same condition now exists, the river not yet having returned to its nor- mal state. It ndda to the embarrassment of the Russlans that they not only have to transport the troops over the river, but also an immense service train, since they cannot hope to subist upon a country already ex- hausted by the requisitions of the 'I'arks. Tn addition to this, tho Russians must wait for their reserves to come up, snd, as thoy Linve but one line of railroad, a single doy's blockads of tho line entals delrys from which it takes many days to recover, —_— An election was beld yesterday in Minne. sotn upon the sdoption of n constitutional smendment submitted bythe last Legialature providing for the surrender by the creditors of certain old bonds of the Stale and their acceptance of the now G per cent jasne at tho rate of abont GO cents on the dollar of the Blalo's indebtedness. In 1857 Congress granted 6,000,000 acres of land (o the then Territory of Minnesota for tho coustruction of railrosds. Nothing was done until after her admission 08 & Btato, when the Coustitution was amended aunthorizing the issuarce of $5,000,- 000 of Stato bonds to carry outthe rail- roud projects. Under an order from the Buprewo Court tho Governor issucd 2,275+ 000 of bonds, which the cowpanics paid out 1o contractors. The financlal crials of 1857« THE CHICAGO TRIBUNE: WEDNESDAY, JUNE 13, '877. ° 's8 stapped all operations, the bonds wero uasalable, and in 1860 the Legislaturo pro- hibited any further issue. The mortgnges given on the lands were foreclosed, the State buying in, absorbing all the franchises and graded roads, These wera subsoqnently nindo over to other companies and the roads finished, when the bondholders interfered and demanded payment, The United States Supremo Court decidod that the Statn was the primary debtor, and then the ereditors mndo an offor of compro- mise, which was embodied in the amendment to tha Copstitntion submitted to the people yesterday, It waa virtually n question whether or not the State should repudiate, and the dispatches indieato that the nmend. mont was lost, Tt is to be hoped that more complote retnrng from the smaller cities and towns and the agricultural distriots will show that Minnesota hins not deliberately chosen repudiation and dishonor §n prefaorence to nceepting the advautageous propositiom em- bodied in the amendment. Becretary Seenyax haa furnished a state- ment of his own views in the matter of silver coinnge. As we understand 1t, he ia in favor of coming tho smnall or subsidiary silver coins to auch an oxtent as tho wants of tho country may from time to time re- quire; and the propor amount of this car- rency ot this time he puts at $50,000,000. Hae is In favor, farther, of the coinage of the old silver dollar of 412} grains, of 0-10 fine- ness, and in favor of makiag this alegal tendor to ths maomo oxtent as the prosent greenbacks, e ia in favor of issniug these nilver dollars in nll ceses' in exchange for paper dollars, and to snch additional amount ng the Government may from time to time consider needed. by the country. Bo far the Becretary hna yielded his provions opinions to tho pgenoral sontiment of tho country. Mr. 8uenwa¥, howover, opposea the freo coinage of the silver dollar, Ife inslsts that the: Governmumt shall rotain control over this subjoct, and shall Le tho judgo of how many dollars shall be coined and put in circnlation. o fonrs that - if the froe colnnge of the silvor dollar be pormitted, Eat thero will bo such a vast amount of tdlver put fn circntlation that it will expel tho gold, and practically make sil. vor the exclimsive coin of the country, Ilo does not seem to bavo considared, or at least to have atiachod any woight to the consid- cration, that permitting tho free coinage of silver dolless would give an Encrensed valne to that metal by creating a demand for it whichis now eut off. The Seorctary, how. ever, has reachied that point that ho is op- posod to hieving nu oxclusive gold ourrency, and favors n bi-metallio curroncy, subject, howover, to regulation asto the amount of coinage by the Government. For this mucl the eountry i reason to bo thankful, Con- sidering that BlIr. 8nzavax supported and voted for tlm: bill demonotizing tho silver dollar, his preiont advuency of ita restoration a5 alegnl tonsler Is a matter for congratuln. tion, 'There can hardly bo any frirther donbt that tho moanuro for reatoring tha sllvor dol- Iar a8 o legel tender will bo supported by the Administration, as it will bo by tho people generally of nll partios in the country, THE GOVERNMENT OE.EDIT. Probahly the greatest financial triumph of the presont gancration s to- ba accredited to the prosent Administraton, viz.: the negotintion of 223,000.000 of 4 per cont bouds in exciango for outstanding 6 porcont bonds, Of course, tho immediate subsorip. tion for this amount Ly tho Syndicate Is a. pretty sure indlention that all exchange in future of Londs subfect to Governmant call may be mndo on this basls, Undor the old contract with the Syndieatn, thevo were still $125,000,000 of 4} per conta which the Syn. dicate hiad tha privilego of taking any time previous b tho 30th of June; but there wna a fortunnte provision which cnabled tha Governmont to terminata this contract by notico, and Becrotary Smenman had the wis- dom and. pluck to issuo tho notice, The signs wera all favornblo to tho negotiation of new bonds at a lower rate, thongh nltogother unprecedonted in the record of American finance. The HByndicate, which Lad pur. chased the 4} per cont bLonds at 99} cents and ordinarily sold thom at 101, not long sinco advanced tho price to the general pub. lic to 101}, aud were evon offered 1013 for largo nmonmnty, byt refused to sell more than n limited amount. This was abundant evi. donco that tho Syndicate, including some of tho leading financiers of Europe and America, belioved that tho rate of 4} per cent on American Londs was sufficlent to command even a larger promium than they woro getting. This is what probably in. duced Becretary Siznatan, with tho approval of tho whole Cabinet, to give notice of n tormination of the old contract, and to in- form the Syndicate that they wonld have to negotinte 4 per cont bonds hereafter, ifany, The Syndicate had to accept the situntion, and cither nocommodato itaslt to the Governmemt proposition or retire from the fleld. It chose the formor, and fmme. Qintely subscribed for 825,000,000 of tho new 4 per cents, to be taken within the next two months. Mn Beiwont, the Amarican ngent of the RorexcuiLps, informed tho Becretary that he hind driven ““n harder bergain than any nation over before had done with indi- vidaals,"—which, weo fmagine, Becretary Bueruan nccepted as about tho highest com- pliment that conld be paid him, This transaction roally makes the Ameri. can credit the best of all Government or pub. 1o credit in the world, ‘Tho now rate makes it abaolutely botter than that of any other Government ogcept Englfnd, and we think relatively 3t is as good as that of Eaogland, if not better. The rate on Ea- gland’s consolidated dsbt is only 3 per cent, it ia trne, hut, in order to estimato rvelntive advantages properly, it must be re- membered that tho usual moaoy-rate in the Umited Btates is much larger than that ruling in Great Britain. Oapital is loaned in Great DBritain on 1nortgages and for commercial purposes at 4 and 5 per cent which in this conntry commands 7 and 8 per cent for tho samo instruments, According to this ratio, it may be falrly claimed that, whon American bonds can be readily sold at 4 per cent, Amer- can credit i3 as high as that of Gront Britain in negotiating Government loans at 3 per cont. ‘The galn to tho United States Government of the refunding of tha whole debt at 4 per cent will bo ‘equal to the difference between 6 per cent and 4 per ocent on a dobt of $1,600,000,000, tho present sum of outstanding bonds. It amounts in practical effect to a reduction of the bonded dobt by one.third, since a Gov. ernment debt opprosios a people in propor. tion to the amount of tazes it requires to carry it; and, refunded at 4 per cent, the burden of the United States debt will only bo two-thirds of what it was at 6 per cent. ‘Tho only objection that has been mado to the refunding at the present time is that the process drives gold out.of the countsy, bse cnuso the bonds callod in ars Iargely from abroad, whilo the now bonds aro taken main- Iy at homo, leaving the differonce to be paid in gold and sont abrond. This is well an- swored by the statemont that the same ex- change wonld be mado in somo other way under the present condition of things. Tho Doston Adeertiser reasons it out clearly as follows: Lot us tako the oporations fn this conntry and abroad separately. Why are thers large sales of the new bomils hore? For the simple resson that there s & surplue of money ocking investment. ‘There ¢an be no othor reason than this, What, then, .would happen If there were no honde in process of {ssue to absorb this money? One or more of acveral things, all having the same tendency, Tho excess of gold in tho country ‘beyond the demands of business might stimnlate Imports of merchandive, and then speclo would be sent abroad in psyment for goods. Or, belng plenty and cheap, it would advance the price of exchange, and then 1t wonld be shipped Instead of American produce; that In to ray, it wonld dimim- ish our exports. Or, thirdly, it would seek in. vestment 1n the bonds of higher Intcroat, advance the price of them beyona the corresponding rate in England and Qermany, and lead to the importa- tion of the old {snes from atroad. In fact, it will ‘e secn that gold In this case, as In all others, goen where It {a n domand, ThoTreasury might secure 1t by direct sales of bonds. calling in no 6 per centa; bnt in no other way conld it be kept hore, where it 1s abandant and Idle, when it is in demand {in Europe. The gain is so dircet aud important that it is folly to search for any disadvantages, in- diroct and fintangible, that may sriss from this fanding process. 8o wa think the dis- position to criticiso the Syndicata system has almost entirely disnppeared, since experience has proved that it is calonlated to strengthen Government eredit, for which the profit made by the Syndicate may bo freely allowed. Thus it waa the Syndicato system which was mainly instrumental in onabling the nogo- tiation of 4 per cent bonds whilo there wers yet $125,000,000 of 4} per cents authorized to be {ssued, Bome of the rival bankers, such as tha Rarnazis, of London, and Fiax & Hatom, of Now York, intimated that, it the present Syndicato did not want to nnder- tako the sale of the now 4 per cents, thoy stood ready to do a0 at the terms ‘tho others bad onjoyod for the nogotintion of the 4} per cents; and it wna the knowlodgo of this rivalry which brought tho Syndicata to terma so quickly. In fact, this oporation in one of the keenost and chrowdost over made on behalf of the Government, and ndds another conepicnous credit-mark for Presidont Havzs' Adminiatra. tion. CRETE, Tho foreign dispnatches in onr Inst fasne ns. sort that tho Porte hoa refured the demands of the Cretan Assembly, and that in conso- quenco tho Christian population have re- solved to defond theirrights by forco of arms, In view of the gravity of the situation, the circumstances leading up to it will be of in- torost. Tho Genoral Assombly of Creto opened on tho 10th of Mny, 'The - Governor in his pocch gave little oncourngement to the Crotans that tho Porte wonld listen to the demands of tho Christian Depntiea, Thess demands woro formulated ns follows : 1. Tho solection of officials of the island from the Christian and Mobammodan inhab- itants in proportion to population. 2. Tho election of o Christian Governor by the poo- plo, leaving tho right of veto to tho Sultan. 8. The substitution of a tribnte for all taxes, the amount to bo fixed by Europenn arbitra. tion, These demands, ronsonable na they are, have beon rofuged by the Porte, ns might havo hoen oxpected, If the Porte could oven doftantly rejoct the demandsof the combined Towora of Enrope for reforms in the Turk- 1sh provincos, it is not likely it would liston to a demand from ono of tho smallest of tho proviuces, ospecinlly after it was alroady on. goged in war ns the consequence of its re- fusal, The result of this refection must in- ovitably bo a rovolution agninst Turkish authority npon the part of the warliko Chris- tiaus of that island. Even boforo the de- mands wero presented, thers wero unmistak. ablo gigns such wonld be the case, Tho Athens correspondent of the London Z¥mes soveral wooks ago wrota ¢ The {sland pressntsall the materials for a con. flogration, In the rucal districts tho Turks (If tho Mohammodan ihabitants of Crote may baso called) fear tho Christlana.and In tha towns the Christlans fear the Tarke, ‘The Jubilant Ineolence of the one party when the Russian fleet was reported to have pasecd throngh the stralts of Glbraltar waa qnickly followed by the fncreased hiarshness of the othor when the Englislh flect cast anchor In Suda Bay. Now qnletness prevalls, and evory one s propar- ing. ‘The Turks have occupled the place to which, prior to tho Isst insnrroction, the Christian Depa. ties resorted and formned A Junta, and are throwing up earthworks near the lowns to receivo tho Kenpp guna which thay expect shortly to artive, while the Christlons aro calling on (helr exiled chiofa to re- tarn, 1 belleve an naurrection In Creto Ia mora probable than not, The natives aro a warllke peo. ple, and hare no prospective losses to contem- plate, far at worst they will ba put back into tho woslilon which they now occapy. It will not bo the firat timo that tho cour- ogeous and warlike Crotans hinve risen againat thelr oppressors. Creto hag been the almost coustant thentre of resivtance agninst cruelty and tyranny, A thousand years befors Cunistits wars commenced, when the Doriang conquerod it Again it wna conquored by the Romans, but, after the division of the Empire, it was given to tho East, and re- talped until 823 A. D,, whon the Baracons overran it and held it until 961, Then it was sold to Venice in 1204, From that time until tho close of tho saventeenth contnry the Vonotians were at war with the Turks for ita possession, and, after many long alegos nnd fierco battles, the latter conquered it. From that time until 1821 it was devastated ond impoverished by the Turks, and was the scene of frequont massacres. In 1830 it was coded to Bgypt, but in 1841 the Turks re. gained possession. In 1858 another insur- rection broke out, and in 1806 the whole Christian population rose againat the Mohammedan fanatics and butchers. From April to September, 1867, the Christians mado & dotermined rosistance. On the 4th of October, tho Turks proclaimed an amnesty, againet which the Cretans protested, and war was rencwed before the expiration of the armistice. From that time until June, 18¢8, fruitless efforts were made to &ettle the difli culties by negotiztions between the Chris- tinns and Mohammedans. At the Jatterdate, France, Russia, Pruasia, and Italy foined in o Note urging a cessation of hostilities and a jolnt committes of investigation by tho Powers and the Porte, but tho latter refected the proposition. Onthe 20th of October of the same year another collective Note was oddressed to the Porte, and Eogland and Austria addressed separate Notes urging concessions to the Cretans. Certain con. ceaslons wero made, but the iusurrection did not come to an end until February, 1869, when the insurgent leaders submitted to Turkey, under advice of the Great Powors. Bince that time Crete hasbeen a vilayet, governed by a Turkish Pasha, who is both civil and military Governor. The forthcoming struggle in Crete must of necessity be in the maturo of a revolution. The Porte, although it may ship material of war to the Mobammedans, cannot send troops, It must be a struggle botween 200, 000 Christinns and 70,000 Mohammedann, residents of the island, and the former will fight with the knowledge that they havo the sympathy of Groocs, to which they have slwaya wished to annox thomselves, and with, the sympathy of England, who, for conspio. uous ronsons, wonld like to annex Creto to "tho British Empire ns the half-way station botween Malta and Egypt, and also as com- manding the outlet from tho Dardanelles to the Mediterranenn, by oxtending throo- fourths across the Egea E A fow dh; ago there was a sonsational story tolegraphed to the newspapers to the offect that there was a conspiracy among the Now York bankers to rednce the amount of outstanding Government notes to 2300, 000,000,—the maximum roduction permitted under the operation of the present law, Tho story may have gained some credit from the fact that such a scheme might possibly be carried ont by concorted action among tho bankers, The modus operandi wonld bo to deposit bonds and increnso a bank's fssne, say, bnlf amillion of dollars, which wonld contrnet the groenbacks to tho extent of 80 per cont. 'The following weck tho samo bank might retire ita surplus issue and yrithdraw ita bonds,—the rotired greonbacks in the meantime having been canceled and destroyed. Bnt Comptroller Kxox has an. thorized tho statemont that there is no truth in the romor that thia is actually being done. Tho following is his statement of the case ¢ Ho aays the Iseao was abont thirteen hundred thonsand dollars last year; the year befare thoy wera leag than & milllon, and the yoar befaro that orer two mililons; but he belioves that in avery casa the application waa for 8 legitimato purposc. Horays ho bias for some time ezpected to fssne more currency than nsual, becanss the banks have held Iargo nmonnts of bonde in their vaslta for specalative purposcs. £o long as the bonds were high there was a profit in them, and the Sanks were holding them for higher prices; but when they went down reccntly, he felt satiafled that bankers would tuen thom into the Treasury, and try and make some monoy oft of c'rculatlon, Ie rays tho law makes him n passive agent of the banks, If they choose to undertake any such Iegitimate business—ho knowa that they have not done it yet—It can be done If they combine; but all attempta heretoforo In that directlon have been frustratod by the bickerings and jealoneles of the banks themselves. tlo says the Bank of Com. merce, New York, recontly retired $475,000 of its cireniation, 1le knows thore was no trick in that, becaase the bank reducad fta capital, and was obliged by a law to reduce Ita clrculation corre- spondingly. The First National Bank of Now York had increased fts clrculation $170,000, but that waa a legitimate transaction, becauso it is & Inrge dealer in bonds, and the market price for them was low. Tlo says the talk of consplracy ls 81l moonshine, and that ho docs not sce how, wnder any clrcnmatances, the Lanks conid com- bine and rodnce the greenback clreulation—more than ten millions of dollara—Lotiveen now snd noxt Octobor, when Congross will meet, As n mattor of fact, bankers aroe too selish 1o make it at all probable that they onn agree upon any concerted plan for contracting the Governmont notes to the limit allowed by the prosent law, Thoy will continuo as herato. foro to increase or diminish their own notes according to their own individual interests, and without any regard to tho cffect of their action on the Government notes, Miss Kats CrAaxTON hay down for tha summer at the home of her parents, Now Bruns- wick, N..J, 8ho nceds a reat, she says, not so much from any arduous servico during her re- cent professlonal tour aa from the fatizuo of reading the newspaper aquibs thot sprarg from her firo cxperiences. 8he relates to an {nquis- itivo reporter somo anocdotes that have not be- fors found thelr way Into print. When her sgent socured the Opera-House at Indlanapolls, the owner donbled his insurance, and had the whole Fire Department under orders, Sho has recelved nearly a car-load of fire-cacnpes, and one agent made her o fattering financlal offer it sho would permit im to name his machine after her. Enough 1lfo-insurance pamphlots and clrculars have been sont her to start a paper- mil), and In ons Weatern city atic with great diMculty prevented a Doard of enthuslostic stockholders naming thelr fnsuranco company after her, When sho arrived ot Now Bruns. wick, In hope of peace and qulet, she was immo- diately walted upon by a commiltte from the local Fire Department with a request that she would bleas thelr engine with her name. Thts all scemed hard enough, but the climax was reached when o World reporter scnt in hils card, ond since then sho has denled herself to oven members of her own family. e ———————— An Investigation Into the operations of Ricu- Anp B, ConsoLLy, noxt In tmportance of the Tanunany Ring thicves to bocompromised with, shows lifm to have been the most Importunate and avariclous of the gang. Ile had a system of blackmail which ramlified througt all depart- ments, and, while ho won tho hatred of his brothren in the stcal by his asrrogance and grasping dsposition, he held an jron rod over them, and ‘when hio was ousted Lis *carninga® amounted to five million dollars. With shrewd- ness not characterlstic of his co-laborers in the cause, Lie invested his money in bonds instead of renl eatate, aud when ho sloped he carred & goodly portion of his wealth with him in nego- tiable shapes, Now he is erying to come hom notwithstanding his boast that ho would *seo tho city cternally — before ho would pay back avent,' and tho only queation {s how much the authorities can beat him down in his offery to seltle. s In tho month of Fobruary the fron screw steamor Knight Templar passed over asub- marine voleano off the Gulf of Tunls. Sho was ten miles from the nearcst known group of rocks, and fna thousand fathoms of water, when the cruption sent o stone through her bottoms. Bho was run into shallow water, and cxamination dlscloscd that ninc or ten feet had been torn off her hull about fiftecn fect from her atem, —————— A Moirose Highlands (Mass,) man has de- vised a scheme for ridding trces of canker worm. He lhires o fever aud aguo patient to lcan sgainst o tree until the worms arc shaken off, and then ho surrounds tho roots witha atecp mound of ashes and lime. Tho worms can’t climb over the Lill, and the Inventor of the proceas Icads the paticnt to another tree. e B Thero s a rivalry Lelween Moscow and St. Petersburgin point of Importance simllar to that between Bt. Louls and Quincy (I1L), 8t Petersburg Is intensely European and fashion- able, like Quincy, whilo Moscow, liko Bt. Louls, rejoiees 1o its barbaric proclivitles and its waut of progress, though insisting that it is by far tho suporlor of §ts competitor, e —m——— The pigtail panlc Las agaln broken out In Coina, Assassing of celestial happiness are abroad, and s relgn of terror provails, Several prominent and Influential cltizens of tho Fore bidden City have been surreptitiously shorn of thelr braided hirsute glories, and the Manda- rins are offering rewards for the sppreliension of the tonsorial bandittl, ——t——— Bwaexny, the Naw York Ring thief, might havo yanked hlinsclt out of hls scrape long ago 12 ho had bid low enough. Whenhe oponed ne- gotiations for o compromise ho offered $600,000, but tac city would not entertaln any propoai- tion untll ho had come down to $400,000, which they took, finding he was uawlilliug to offer any smallcer figure. e —— Deblilitated gentlemen about to die and be- queath thelr property to the Governwent of the Unlted Btates will do well to ponder over & recent declslon of tho Suprewe Court in the caso of Cuanres Fox's widow. The patriotic Fox devised his all towand the payment of tho national debt. Mra. Fox, nos so futerested in the inunediste settlement of ths naticn's Unsn- cial relations with its ercdltors, held out hor own hand for the money, and the United States Bupreme Court decldes that, while tho Govern- ment can gobble ansthing (b wants, no fetlow can giva It anything, } There 18 & prospoct of great suffering among the undértakers of Germany., A law has just been passed by the Relchstag prohibiting the patenting of medicines. | A salo of antographs In New York recently marks the Amarican appreciation of fame. Tire 7ox'8 sold for five cents and TiLDEX'S for one. * PERSONAL, f Wha Abbo Liszt ostooma the women of falr Poland more than the country. Dr. Philip Schaff, the famous Biblical echolar, wns mearly killed by fanatical Moslems near Iebron recently, Helmbold has purohnsed the old residences of Daniel Draw In New York, and transformed it into 8 gorgeous drng-store. David Urguhart, tho Russophobist, intro. duced many Turkish Ideas into England, bnt none mora valuabls or highly estcomed than the Turklsh bath, 3Mra. 8. M. Fassott, formerly of Chicngo, now of Washington, s engagod upon a palnling of the Electoral Commission, which, it §s thought, will add largoly to her roputation. Mary Clemmor complains that Secretary Bchurz has discharged abont twenty women to one man from the Interior Department. She believes tho Sccretary {a prejnuiced againss the sex. 3lisa Farron, the most promising comedy- actress In England, hos been stenck down with paralyals of the aping, bronght on throngh accl. dent, which threatena to end her thentrical career. A shrowd man wrote to the Governor of 3Michigan asking if ho knew anything against his wife or family, The object of the letter evidently wwas to get an antograph, or somo testimuntal of good character, The daughtor of Qoothe's **Lotto” hna Just died at Baslo at an adsance!age, Ilermother was Chartlotts Buff, of Wetzlar, wifc of ilerr Dafr, Becretary of Legatlon, the Albert of **The Sor- rows of Werthor,” Mr. Georgo Washington Childs hns an. noxed an apartment ndjoining his private office, and fitted it ap in the true atylo of household art. He can now Loast the most besutital editortal rooms in the country, . Mr. Clnrkson, editor of tho Jowas State Reglster, says tho Inxury of holding an ofics Is nothing to the Juxury of holding an opinion. He haa held ofiice for a lang time, but has lately come into posscssion of an opinion. Olarkson N. Pottor, the well-knownmember of Congresaand lawyer, mot with a serlons acerdont at hisvilla residenco st New Rochello on Friday evonlug. 1le waa thrown from o carriage, had one of his ribs fractured, and sustained other injuries. ‘The German critics gonorally csteem Brot Tarto the creatcst Amorican genivs, and assnme that, with trifiing oxnggorations, he deplcts ths every-day state of soclety and life, not alono in California and Montana, bt througsont America. Mr., Macdermott hns put tho policy of Dritieh Intoresta in tho following inelegaut worda: A et ol et e Shomer,too wmnfifmmm {ho'Doar before, and whlle wa re Biltons Tho Kusstans shall nat have Constantinople. * Christinn Reid,” the writer of novels, i Mies Finher, of North Carollna. Daring tho winter monthn sho rewidos at Baltimore twith her aunt and uncle, Judga and 3re, Hsirstone, who efore the Wor had the lnrgest fortane In North Carollan, and are even now enjoylng the Income from a million. ‘William Henry Hurlbert, the present editor and responsiblo director of the New Yark World, 18 & bacliclor of 48 or thercabouts, o fs tall and woll-uade; has an Intelligent, mocking face, and, with his warm color and eve-glasses, reeembles & Jovial German Professor. Ife Is the {ncarnation of the splrit of American Joarnalism as it ot prosont exiats, John Franey, City and Town Collector of Hartford, Conn., I8 supposed to ba a defaniter for $50,000 to $100,000. The habits of ‘the slleged dofaulter svere bad, and Lo has sevoral times been attacked with delirium tromens; bat, althougl more than $1,000,000 passcd through his handa yearly, no susplclon or alarm was oxcited uatil very recently, ‘Whon Qeorge Beers looked through the boune of okl Mr, Phiolps, of Phielps, Dodge & Co., the young widow sald to him plaintively: **Oh 3. Bears! My husband hns prayod In every room intbis house,” *‘I am glad to hear It, my dear medame, " roplied tho gallant Boers, **I hopa it will bring me luck." e afterwarde ocenplod tho- mane{on oa & gambling-Loll. Tho Kings Couunty Commissioners of Charitles and Corrections bronght suit sgainst Mre, Ablgal) A. Kianear to compel her to support her aged father, Addlson Alger, the oldest liviog ropresentative of the well-known Algor family, 8ho liad turnod him ont of daors, and at the ago of 78 he lind tho prospect of coming upon theconnty. It was clalmed that tho dsugltor has amplo means, I'ho World snys that in Parls colored cos- tames aro coming Into vogne for evening wear by Rentlemen, the customary sclta of aclemn sables heing eilently abandoned to butlers and walters, It will not bo long beforo peopla will seo no partic- lar polnt In J'uneh’s famous Interview between two guests In full dress at sn evening partys *Beg pardon, are you tho walter?™ **No, eir; aro yout" Prof. Wormley, who has jnat been chosen 1o tho Chalr of Chemiatry in the University of Pennsylvania, owes hls success In life largely to his wife. Ils work on Micro.Chemistry, now & slandard on Loth pldes of the Atlantic, was rofased by all tha publishcrs, becauae none of them would undertake the cost of engraving the minnte draw- ings, The wifo thereupon atudied ateel-engrave ing, and with snch succoss that the plates repro. ducing her husband's drawings rival the fincst bauk-note work, A Prosbyterinn clergyman causod the se. cesslon of threo eldors from his congregation by quoting Othello inthe pulplt, 11s was speakiog for thie bonofit of cortain calumnlator bimself in the conerogatlon, and aald: 3 1f thou dost slander her and tortura me, Navce pray iorer ahandon ail rumorses e BFT0 Bk HEavEn e ik carth amaseds Not tothihz LAnAE tho% 10 amnation Sdd Greater than that. The elders said they wished to worship where the truths of God requirod not to be enforced by *‘the ubscene conversation of Othslio and Jago." Mr. Froederica Bridginan, of New York Citr, a pupll of M. Gorome, of Parls, hos been awardod a medal of the thind class for his painting of **The Burial of 8 Mummy," now In tha Paris Halon. There aro bat four other Amoncan paint- ersnow llving who have recelved prizes in the Balont: Blr, J, I, Church, wha recolved a moda} of the second class In 1807 Mr, A. Dierstadt, who wae made a Chevaller of the Leglon of Monor in 1800; Mr. George % A, Healy, who recoived a medal of the third class In 1855; and Mr, Edward Bay, who also recelvod & medal of tho same class fn thosame year, ( 3L Thlera is now writing an account of his prodigiona carcor, and finishing his long-pro- Jected history of the Medicl, It §s noticed thas be Isdescended from & Marscilles family of eloth. morchants, who were rulaed by the Revolutlon, and (ate made the famlly & sufiicient dompensation by avpolnting the son Listorian of the event which wrecked thelr fortuncs, One of the curloaltics of his magnificent resldenco—bullt for him at the ox- punso of tho State after tho deatruction of Lis for- mer home by the Commune—ls the room of his mother-in-law, dlsposed exactly aa she left It whon ahedled, and never used. Menasa rule ars not worshipers of the memory of thelr mothers-ln. 1aw to this extent, Tho Portland Oregonion of May 28 says 4 y'rot, Taylor, of the University of Cbicsgo, who came out b jome time alrce for the purpose of making the ascent of Mouat 51. Ellas, inthe inter- oat of sclence, roturned o Victoris In tho steamer Californla. About twe montha ogo Prof. Taylor left bere for Sitka, accompanied by Licut. Wood, of Vancouver, intent on reaching the summit, if passible, of this msjostic monarch, *sround whose iead pisys porpetual sunshine, and eternal snows linger.' But, after making au unsac fal sttempt, the party returoed 10 Sitka, sn - doned the perilous undertaking, st least for th present. They left £itka in & large cance on tha 24th of April. Tuey reached the northorn end of Chichagoft Island, about ninety miles morth of 8itks, when, meeting with immenso quantitics of floating fco, they were unable to procecd further and teturned.” WASHINGTON. Talks with the President on Pend. ing Financial Questions. He Favors the Remonetization o the Silver Dollar. Belleving Such Course Wonld Ald tho . Resumption Movements Some of the Causes for the B:aroity of Small Bills, Official Porplexities Encountered by the National Executive. More Espeolally Thoke Arising Ont of the Uonsanguinity Rale, A Pitiful Role Assumed by Ex- Marshal Pitkin. FINANCIAL. TALRS WITI THE PRESIDENT. Bpectod Dispatch to The Tridune. Wasmixaron, D. C., June 12.—Gentlemen who have recently conversed with the Pres- Idont upon the financial situation have en- deavored to impress upon him the fact that it tho lozal-tenders aro all retired down to the $300,000,000 1{mit without any changs In the ex- -1sting laws as to rosumption, that the Natfonal Banksa will take steps to immeaiately surrender thelr efreulation to avold the expenso of buylng tue gold necessary for redemption, Dank offi- cers from the Weat have given the Prosident to understand that there Is not sufficlent profit upon circulation to warrant taking the risk and trouble of being compelled to redeem thelr clrculstion In gold after the legal-tenders shall have been re- tired. Inonc Western city banks representing 81,500,000 of Natlonal-Bank circulation haye already decldod to SURRENDER TAZIR CIRCULATION 08 s00n a3 1t becomes apparent that the Trease ury Intends to force gold resumption under the present lawa. Tho Casbler of one of the largest and most consorvative banks in New York City ‘haa also recently stated that under the same cir- cumstances thero I8 not a bank In that city which waould not probably docide upon n sur- render of fts clrculatlon. Theso facts wers to-day brought to the attentlon of the Prealdent aa an arzument in support of tho theory that if the contraction policy s to ba logically and radically pursned as to legal- tenders, it will also result in the surrender of the groater portion of the National Bank cir- culntion, and practically leave the country with- out any currency except such gold and ailver as the nocesaities of commerco may force luto tir culatlon. In spite of, s deanala of Tessiry off ¢ of thoe denials of rensit. that nn; New York banks have taken fifi lrf Xlfl: movement to force the contraction of green backs by surrendoring their clreulation, takinz tzonds, and subscquently applying for an increass of clrculatlon, high fluancisl ‘authorities In New - York wrlte in mont positive terms that such transactions are in progress to_thelr certaln knowledge. The statemonts mado {n theso dise atchies, that ono Now York bank had not only ken part In such a move, but twice repeated it, ‘was made upon the doclaration of a Dlrector of tho bauk to which referenco was made. Still, both the Becretary and Comptroller state positively that they know of no such moyoment: that the transactions of tho Treas. ury ur to date do not show any, and, if they find signe of any such purpose fn any caso, they will take occaslon to rendor it & very slow pro- ceas to secure Increaged circulation “by any such means. AL present Nat{onal Bankeare {ncreas- log thelr clrculation a little moro rapidly than for some time past. It s eatimated ‘at tha ‘Ireasury that the cancellation of greonbacks on account of Natlonal sank currency fesucd will for near the futuro average about 32,000,000 per month, wnr, Comptroller Knox saya that the rensons why the banks clrculato so few small notes arc as follows: First, tho offlcers do not llke tho troublo of algning a great number of small bills; socoud, tho amall hanka with a total circulation of only 350!000 will not go to the cxpenss of having plates engraved at a cost of $200 each for printing ones and twos, bocauss tha whals number that thoy could print of both’theas denominations would only be about £3,000, Buch banks usually take only s plate for fives; third, many baoks with a capital of $100,000 deposit only the - minimum amount of ‘bonds required, whiche {s 831,000, and take circulation on that amount. Such banks ave In the samo attitudo as thoso of $50,000 capital, Thelr total? circulation {s so small that thoy will mut pay for cugraving lates for the different denominatinons of bills, t seemn probable that if & decided demand for small notes gprings up the banks will coms for- ward and mect it, ns tho old Btate banks did bofore the natlonal curroncy systemn was adopted. THE PREYDENT'A VIRWS, 7o the Wastern Amsoctated Fyess. Wasmixaron, D. C., June 1%—President Hayes, although fn_former years predisposod, ke many other hard-money inen, to adbcre to the provalont dactrine of finance-writers lu favor of a single gold atandard, has materially changed his views during the progross of tho genernl dis- cussions mé-rdlnv the wisdom and pmgrlely of the act of 1873 whlch demonctized tho old lezal- tender'silver dollar, flefs now in favar of its remonetlzation, and of the readoption of n double standard of gold and sliver, or, o other words, he favors the full return tolhe condition of things In relation to theso subjects which existed provious to the lc‘ill-mlon of 1873, belng .convinced that such & return to the former system will greatly promote the resumption’of apeels nnymunu an objest that he regards as of the first lmpunlnca. Whille, howover, he considers _the loclalation of 1878 to have bean a hasty and uncalied for fn- terterence with the Jeval-tender powers of & large portion of our circulating medium, ho has not yot formed any determination to briug the luhjlect officially to' the attention of Coa- frcu. althouch it ia by no means improbable hat lie may horeafter conclude that somo rece ommendations on hls partof the nwture aboro outlined will be adyisable. NATIONAL DANKS, In order to correct various published mistakea In refercnca to tho amount of additlonal circula- tion recently {ssued to Nations) Baoks in the City of New York, the Comptrolier of tho Cur- rency furnishes the followlng:s The total ;‘mnlunl Iol.i mlldltltonlnl dn{lnlt:ncl::g:d to xl; National Banks of the conntry siu AS8Z of the act, Jan, 14, 1 dite, 1s fll,fill,h—‘& Of thlyamount $0,402,770 has been issued to banks in the City of New York. The circula- tion of New York City banks will nced to be lo- creascd $8,000,000, or onc-hall of the present unal:nl‘.l i in or:lcr n t:n cqu:l ‘h"n(‘m"“‘fl: n e aste pa .o ncfi u:a act of Jan, 14, 1675 'here 1s no foundation whataever for the state- mont that & Natlonal Baok in Now York City has had fssued to it $1,000,000 additional circu~ Iation thres differcnt tines dnnufi the past few weeks, as tha whols amount lssued to all the banks of the City of New York durlog the relent‘)&iu has been but slightly in excess of F000, ONES AND TWOS. Tho books of the Treasury Departmont show that the total amount of $1 and 84 notos {n clr- culation Is 851,404,611, Tho amount of such notes n the Treasures's offive aud reservad ln; L e ngraving so: ntio nnfify tur%ellverylo the Treasury, 0,704,073 —— THE OFFICES, WO SITALL BE TAKRN] . al Dispalol to The Triew:'L Wunm%l.n, C.y June 12.—Following 18 nne of tha !ate cases whero a removal In ths ‘Treasury has been ordered on the grouad of ro- latlonship: ‘Two brothers entered the servico of tho Treasury proper about & dozen years 820y ouec a8 o mcsseoger and onc as & watchman. They were o soparato divisions, aod each on- tered and was aubsequently promoted witbout tho help of the other. The lLoneaty and trust- worthiness of esch led to intrusting each with similar positions of great responsibllity. One was placed in charge of the bank-safe where bonds to secure the circulation of National ‘Baoksand some other Loods are kept. This safe contains constantly abous $350,000,000 in bonds, fn packsges easlly accesalble, and which aro NOT INSPRITAD OFTEN. This position ho held for s number of ysars