Chicago Daily Tribune Newspaper, July 9, 1877, Page 4

THE CIHICAGO TRIBUNE: MONDAY. JULY 9, 1877 i ing one-fifth of 1 per cont for converting ndard gold bullion into coin. Bec. 3 provides that, **On and after the 1st day of January, 1870, the Sccretary of the Treanury ahall redeem in coin the United Staten legal-tender notes then ontatanding, on their presentation for redemption at the oftice of the Assistant Treasarer of the United States in the City of New York, In sums not Jeas than 850, +And, In ordcr to do this, the Secretary of the Treasury 18 authorized fo issuc, sell, and dispose of, ot not less than par in coln, elthor of the do- scriptions of bonds of the United States described In the act of Congress approved July 14, 1870, After Buatez had cxplalned the design o 11arEs to annex Mexican territory with the sien of extending slavery, the New York Tlmes cor- respdudent says: Dr. Tugovonx L. Cuvyxn, of Rrooklya. fol- Jowed with an nddress on temperance, and gavo wustinted praise to President_and Mire. Haves for {he noble example they had shown fa the matter of abstinenco from wine on public occa<dons, He mentioned several Instances on which this exampla had been abowns sald e judged of @ man’s piblic Ttfe by hile private acts, and declared that in four yearn the country woulil see And acknowledye that Anmauan LaNcoiN aud Rutuseronn 1 Hivke ‘were cat out of the same binck. Al thiv was os Toudly applauded ne eversthinz which had xono bill meant. One of them was Sax Hoorxw, 3. C., who took charge of the bill; another was Dr. Linperuay, who had been Director of the Mint, but at the time was on rpecial servico in the Treasury Department; anda third was tho then Socrotary of tho Treas- ury, Bovrwrtt, These thres persons well knew that tho effect of the bill would be to throw out silver os legal-tonder money by consing to coin it. ‘There wers others in the conspiracy; and tho forcign egent, Lzrp, could give a list of them if he wished to. sillanimons for tle Democrats to whine | nected togother, but consumes at the same abont it like an imm#ture cnd over the loss | rato as the carbon,and thus maintains the ot his sweotheart. If they had succeeded | distanco botween the points, The value of in getting the prize they coveted, and the | this discovery is incrensed by the fact that s Republicans wont nbout the country erying | number of theso lights can bo gronpedina ¢ Fraud," after consenting to the arbitration, building nud supplied with electricity bya the jocose Democrats would have placed the | singlo battery. Theso lights bave been in thnmbe of their right hauda on the tip-ends | use for somo timo in sevoral largo factorics of thcir red noses, and wiggled their respect- | and worksbops in Parls, n Paria compnny ive four fingers in the most good.natured | having taken the invention with tho purpose style. of introducing it generally. Quita recently “Thoro in strong probability that tho Dem. | succesafal experiments wero made in London those parts of the earth whero, for a cortain time, tho primitive rocks were axposed Lo decomposition, and consequently 4 thoso sections ara relatively very incon- niderable, and so much of them have already been exhniisted of their gold, that we must roach the conclasion that, nt this very time, © More than half of all the gold which ean ecer be extracted, possitly, from the earthby human labor, ingenuity, and persescrance haa already come into the hands of man,” sund further, tuat the poriod.of nltimate exhanstion must Tlye @rihnm. Tl"l’luis OF SUBSCRIPTION. WREKLY EDITION, FOSTPAID, before, and tha orations of the day wera hroucht to One copy, PeT year. S 1.23 2 Thera is no escaping the requiroment that, N close by Mr, Bow] 1! feeatin: that ihi m”!‘ i:n 33 The facts in regard to the stupendous vil- | /4 "o 1ae a it now stan ds, the T nnsnr; ocrats themsolves throughout the country | inlighting docks and warchouses, of which | come with tho greater sapidity DLecanse of | & Slose by, N’!’! i ;Jn:,z:n?l“l bt 'r:"r:; ‘np klnai Abty Iainy aro coming to light one byome, A half-million of dollars * placed where it will do the most good,” works wonders some- times in Congress. the London 7%mes gives the following ac- connt: The light was prodnced from one of the Alltance Company's (Paris) elestro-magnetic machince, baving thirty-two magnets of rix plates each, and being driven by o small portable steam enginc, After burning for a quartor of an hour, tho clecteic ligats wero extingnisted and four gas-lamps, cach baving four of Rnax's No. U harners and four poweeful reflectors, were Tighted. ‘The contrast was very marked, the gas burning with adull, yollow 1ight, which barcly lighted the sur- roundingepace. The visltors then proceeded to thetop story of onc of tho larger warehouses, which was lighted with three of the electric con- dles, placed at considerable distances apart, and in the windows of tho bullding. Tho floor was about 320 feet long by sixty-Ove feet wide, and the light waa most eMcient when not obstracted by the shad- ows of the visitors moving about. Aportable efece tric ight was next carded down Into the hold of 8 lsrge vcssel, and Ity cficiency o that rospect wae fully demonstrated, 83 it was aleo by an electelc light on the quay. .By the sid of theso lights, properly arranged, the loading ond unloading of ships could be carricid on at night. Asn final experiment, a candlo composedd of pure kaolin with a copper wire run through ita centro wae Ignlted by the battery snd butnt slowly away. It gavea bright hzht, and wan intended to atow tho applicabllity of the pure keolin to pur- pozes where only moderate lights were wanted. The carbon points, on candles, will only buea for abont an hour, but M. Jantocnxorr arrsnges four ot these candies in each lamp, and as on anmed another Is Ignited by s simple switchar. rangement, 80 that tho continuity of tho Hght I handly broken. The whole of the experiments were highly satiefactory, and Indicate an Important advance In tho utllization of the clectric light, — firstly, na regards the supercesaion of clackeworks; ond, sccondly, with respect to the diviaibility of the stream of olectricity which renders it posalble to burn soversl lighta with o single current. In 8t. Petorsburg the oxperiments with this now oleotrio light have beon eapocially with a view to incrensing ita, illuminating power, in which rospect it is dostined to bo of greatest goneral sorvice to mankind. It is found that tha light con be intensified by changing the position of tho carbon and by the intenacly greater scalo with which min. ing 18 now oarried on by aid of modern im- proved machinery and processes for extract. ing and deducing ores to builion, logethor with the groat deptha that are mow reached and oxplozed. Thereforo, tha period at which tiere must como a permunent, sub. stantial diminution of the annual discovery of gold, with n constant reduction of tho amount of that metal loft unconsumed in the arts, and in handling, must be regard- cd as approaching so closo as the near future. O course, ns gold bocomes scarce and dear, it will bo more and more difficnit to transact the increasing business of the world with it, and soms substituto will have to Lo found. On tho other hand, though silver, as Prof. Suzss maintains, Is moinly extracted from cruptive veins aud fissures, thosa sources aro so numerous and widely spread over the carth, and relatively so Inrge and rich, that the supply may be confidently regardod s much moro unfailing than the sources of gold; and ns likely to extend to a Jfur romotor fature, At the samo time, o great progress is to be antici- pated in the methoda of extraction from all the ores of silver, Thereforo, dispnssionately regarded from tho purely sclontific point of view, Horr Surss dozs not hesitate to pronounco not only against the fensibility of establishing the single gold standard for Furope and America, but he goes further, nnd assumes that, at no remote time, it will become pru. dent to ronounce gold as tho chief airculnt. ing metallio medium. will have some serious objection to going into the next campaign on the slender am- munition of *Fraud.” It has becomo pat- ont that this outory was started and ia kept up by Tammany in the interest of the lato defeated Mr., Trupey. Tammany wanta to ronominate Tiepex, TiLpeN himself is not averse to tho achemo. The olaim that he has been defrauded out of o provious elec- tion s the only ono which givos him the shadow of a title to apother nominstion. Tammany wonts to run the National Administeation, which it could do un- der Tipey. If not permitted to run the Administration, 'Tnmmany docs not caro n fg whether tho Administration is Democratic or not. This i the ronl ex- planation of tho persistont ory of *Fraud.” It moans TiLoex as tho Democratio candi- dato in 1880, and o repotition of thoe errors and weaknessos subject to the effort of car- rying TiLoeN. Itis probablo that the Demo- cratio politicians outside of tho Tammany organization will put o veto on this nicoly- laid plan. Already » good many of the Domoctatio nowspapers have exposed tho ogregions folly of running TirowN egsin, and havo announced thoir intention of abou- doning “Fraud” as o battlecry, The Damocrats of tho Sonth and Wost havo had oxparionce onough with Truoex, snd Tam. many may aa well savo itsolf the necdless ex- penditure of vital forca in shrioking “Fraud " over » dofeated condidste and o *lost causo.” responsible for his owa niterances. The same correspondent gives the following: There wan another 1ift 10 the Maves side when Dr. OLiveR WENDELL JioLugs roso to read his poens, and unexpectedly prefaced it by a few llues, Which hal 8 meaning every une seemned (o see, fut they tvere cheered voriferourly, 1t afterwand be- canie known that he had writfen them on hearing who were o be the apeakers here, and the Lopics ey would deal with. The lines were as follows: The Ship of State, above lier skies aro blue, Bt il she Fo Aud there are pa Show the £pectmen To prevent delay and mistakes, be sure and give Post- Oflice address In fall, Including State and County. Liemittances may be made either by draft, cxpressy Pest-Ofice order. or in registered letters, atour risk, TERMS TO CITY RUNSCRIDERS, Vatly, dellvered, Kunday excepted, 23 cents per week, Ladly, delivered, Sunday Included, 0 cents per weeks Addices THE TRIDU: Corner Madison and Dearbor notes are to be redocmed in gold in Jantary, 1879, Even if silver dollar bs romonotized, only 250,000,000 of them oan be coined in 8 yeur, unless provisions be made for increased coinage, Does any sano man beliove this policy can be continued and specie payments resamed 1n January, 18707 . Thislaw must bo modified, and tho whole poliay of the Governmont changed. Bpecie payments must fist bo resumed by the ‘banks and by the people, and then the Gov- ernment can do so without trouble, The civilized world has not yet discovored a sub- stituto for banka or bank paper, and thero s no conntry with specie payments that is not sustalning thom throngh private capital en- gaged in banks. Before tho greonbacks can be withdrawn thero must bo a substituto therefor. This, substitato can only bo in bank paper, amply protocted by national security or coin. To have this bank paper, tho issue of it by tho banks must be encouraged rather than prohibited. In the first placo, when tho banks deposit a $100 gold Lond, they shonld have $100 of bank circulation. This would give a bank ofroulation of 335,000,000, in addition to the present reduced amount ontstanding. The War taxes, which havo boen romoved from every other form of capital and private property, sbonld be re- poaled. This would offor the inducement of profit on circulation, aud by the oporation of natural lawa privats capital, banking bo- ing free, would rapidly furnish the country with & bank-note currency equal to all tho demand that might be made. So long as thero wns s noed for such notes, so long would the banks supply the want. This bank-nots circulation would be me- cured, dollar for dollar, by coin bonda of, the nation. The resorvoe kopt at Washingtop for rodemption would be in The Groven Investigating Committes on Saturdny found n Democrat who was Secre- tary of tho T1upeN and Hxnpaics Club at Salem, Ore., sud who hsd considerablo knowledge of the ins and outs of the Sona- torial contest. 'The price paid for votes, ad- cording to his observation, was from 2760 10 1,000 each, Groven's private sccrotary acting as financial agent for the Governor. In other cases desirable offices ware pladged to members who stood off for bids, so that, botweon monoy in the hand and sppoint- monts in the bush, everything was made sura for the fivat ballot, and Guoven rocoived the requisite number of votes. At the rate at which the Committee are now securing testimony, and with the rich losds yot to be followed up and worked, there is sn excol- Jent prospoct that the man who tried to steal a State for Truoz will not after all succesd in purchasing a Senatorship for himself. ee——— "AMUSE Adclph Theatre. Gl Mouroe street, coruer of Dearborn. **Three Fast Men e Exposition Bullding. ot Lake Shorv, foot of Adsms strect. Thomes' Som- mer-Nlubt Coneerle. i MONDAY, JULY 9,- 1877, _————————— OOICAGO MARKET SUMMARY, Tho Chicage vroduce markets were active and firmor Saturdny In breadstufls, and tame on pro- wisonn. Mess pork closed 7%5¢ per brl lower, ot $12.05 cach ond $13.17%@15.20 for Aagust, Goc per 100 Ibe higher, at 88,85 cash and §8.0215@8, 06 for August. Meats wero firm, at 43(c per 1b for loose shoulders and O%c for do ehort ribs. Lake freights were firm, at 1X@2¢ fur corn to Buffalo. Highwines were steady, at £1.04 per callon. Flour was moro active. Wheat <losed %@2i5¢ higher, ot $1.42 for July and 120 for Angust. Corn closed e ‘higher, at asise for Angust and 40%c for September. Oata B clased %@4c higher, at33c cash and H0Xc for o Anznst. Itye was firmer, st 60@062c. DBarley was ‘ nominnl, at BUc@81.00 for new, selier Soptember. i Hogs were fiumer, nt §4.70@56.13. Cuttle were R active and atcady, at $2.50@0.50; and sheeo dull. One lizndred dollars In gold would uy $103.25 in greenbacka at the close. realotn’ G0 spwed lier, keep her, bless her while s i g breskers of wigounded years. ad hier through danger's path with even keel, A4 glrge the honest nand that lioids her wheel, e ——— " The Springtield (Mass.) Jepullican ts not greatly pleased with DAvip A. WrLLs' truthful candor in s letterto the Cincinnati Commercial on the silver question. Mr. WELLS concedes that tho effect of remonetizing the silver dollar, and thereby opening au enormous demand for it to pay debts and perform exchanges would liave the effect of increasing its volume and s the demand for gokl would proportionately fall off, that metal would become cheaper,-and an equilibrium would be established. Mr. WrLLs admits all this, but argues that silver would ba o bicavy, clumsy metal to carry around. Says the Jtepublican : Tie admits the propriety of paylng contract mage priot to 1851 Ta silver, o cisions that 1t would bo of no advantage to the dobtor, since a de- mand for $:00,000,000 of allyer would, in hls apinion, restore silver to the aid value. Thisad- mission’ of Mz, WeLLs, and the omlselon of all argumeat from the disastrous effect onour national croait, Teaves us {n donbt on which eide to piace the welghtof hisdlscussion. Mr. 1latsTeA® will be greatly obiiged for this confirmation of his theory that the restoration of the wiiver dollar of our fathers would carey tha price up to 80 pence per ounce, and wonld not wrong thocraditor, . We fear tha Ohlo demagogucs would not be much disturbed Uy the argument from avoirdupols and from the detriment to our foreign cominer Regularly overy Sunday theroe is mads up in London and cabled to America a very in- telligont and genorally fair summary of the war gituation es shaped by the oventa of tho precoding week. Tho dispatches this momn. ing describe the Russian position in Bl garia as attonded with difficultics and dan. gers, there belng no presont probability of a junction of the left and centre, since the 30,000 mon under Gen. Znnurruan who crossod et Ibrall must deal with the garrisons of Vams, Bilistria, and Kustendji beforo they can join the main ormy st Bistova. At the latter place 1a located the only moans for the forwarding of provisions and war material to Nionowss' forco of 120,000, being a single pontoon- —— GEN. GRANT AT THE FOOT OF THE TABLE, The ex-Presidont, in his banqueting tour through England, bos met witl his first ex- perience in tho otiquatte of snobbory, and hos discovered that if ono dines with Princes Lio tnust foot the bill with considerable loss of self-respoct and a very doclded shock to his sonsitiveness, if bo has any, If his em—— In New York on Saturday greenbacks wore worth 91]@95 conts on the dollar, prbeiibdadiidhiror i e —— GEN, DIX ON COIVIL-SERVICE REFORM. Gen. JonN A, Dix has writton a lotter to President Haves upon the question of Civil- Sorvico roform, which is important both as showiug his own cfforts to reform the servico sevontcen years ago and for its warnings 1t will bo a desperate aggravation to the 7,000 applicants for tho ingle vacant Con. gnlato to know that Baramp Taxzonis of- fored hiz choico botween tho Russlan and Belginn Missions. Not one among How wonld Tnz Cnicaco Trinv; ke to have s B : . the burnor with a thin sheet of them but thinks thero is something wrong | bridge, which s daring iron-clad conld do- coin. Every man could got coln for bis | desiro wero simply to obtain o square meal, covering b g with respoct to tho fatare. 1le writes to tho | law enacted compelilng it to taks 00 cents o1 thi %3 in o civileervice system which produces .:‘olg in a twinkling, ;B; 15 sald that Hopany | BOtes 8t tho bauk, or, failing there, conld | j¢ would probably make Littlo differenco to | SPPCE to the pawer of 20,275 candles, which | pregidont not only that he is in accord with fi?,“'\"e??n:;"u‘i'x'.o'fifi'c'l'r’fi‘l'n'15‘.'.:13-‘315&'.\';}2?% i3 sufficient to render objects distinctly visible at o distance of over 3,000 yards. When such’ rosults as this have bLoon obtained, it is only & question of time, and probably not a vory long time, when tho stroots of our cities, instead of be- ing dimly lighted by scattorod gas-lamps, will be rondorod as light as day at a coat losa than is now paid for insufficient gos-light. And os improvements shall bo made for ex- tending these elactric lights in differont places whero supplied by a singlo battery, the time may como when they can likowise be used for domestio purposes. They are alrendy practicable for large factories, depots, workahops, docks, and warchouses, which are used by night as well ns by day. " v obtain it a¢ the Treasury., This circulation wonld be as well protected as is that of the Bauk of England. Of course, the remonoti- 2ation of the ailvor dollar and ita frecolnage should be had. The entiro product of our mines would be coined, and if additional silver bo sent here, that, too, would form part of our currency. 'The greenbacks, the gilver dollars, the bank-notes, and tho gold would rapidly becomo of cquivalent values, and specie paymonts would become a fact by the operation of the laws of trado, through the instrumentality of private capital, with. out any contraction, without any forced or arbitrary substitution of gold for all other currency, and without any derangoment of values, or contracts, or sacrifico of private righta and equitioa. This is impoesiblo under the Resumption law as it now stands. It {s practically pro- hibited by the provision for the compulsory resumption of specle paymenta in gold; itis prohibited by tho restraints and restric. tions on privato capital, which, in view of that 1aw, darea not seck investment in pro- duction, but is compellod to lie idlo in vaults and safes, to avoid the calamity to which tho Government is driving tho country, Lot that law ba modifisd, let resumption be re. | mandsd to private capital, and lot privato capital be releasod from tho chains by which it is fotterod. such inoqualitios as this, people of tho United States.—Lurlington Hawk- e, ‘Tne Trinuxe witl not wait for the enactment. of such alaw, but will recelve silver dollars, sonly worth 00 cents oo the dollar,” for ail subscriptions and adyertising. It will not even keep the public walting until silver dollars are coined, but will now and hereafter recelve sub- sidlary silver to an uulimited smount, taklng two silver halves, four quarters, or ten dimes in. lleu of a full-grown dollar, notwithstanding they are not worth more than 85 cents in gold or 00 conts In greenbacks; and, -furthermore, Tug Tnisuss will not take advantage of the five-dollar legal-tender clause, Now bring on sour small change, and get a newapaj.er that is worth reading, and advertise in & ncdium where it wiil “ do the most good." him whother he ato is dinncr off the Crown of Epgland or s tin plattor, and it would not mako a stmw's difforence to him whother Lo eat at the right of thie Priuce of Wales or took his moals in an ontor apartment with that other continnous victim of Royal eti- quetto, tho Marquis of Lorno, Notwith- standing the General's imperturbability and coolness, howover, it is to be presumed that ho has nerves pf scnsitivencss and a measur- ablo dogroe of pride, enough of both at lenst to have made him smart inwardly as ho found himsel? the last man in tho pro- cession, sud ontitled to be served at dinner only after o wholo hord “of gilt-edged no- bodlos were provided for. Previous to this romanrkable display of Royal dinner-giving at Marlborough House, in whidh a guest is in. vited to dinnor ond to an fnsult at the same time, tho ex-President had no roason for complaint. At every ono of his multitudi- nous banqueta he was troated with the con- sideration duo to tho ** groatest living Amer- jean,” and was accorded a placo of honor, Ho junkated with Earls and hoboobbed with Duchesses, and wos ag much a *lion " as auy lion ought tobo. It must have surprised the Hon who Liad at beside the Princo at other dinner-tables to find himself al tho tail end of all the Royal companions in the Prince's own houso, and oven below Minister Prenreront lumsolf, In all this, however, lies the distinction betwoen princoling snd republican etiquotts. Inthiscountry it wonld Lo considored not only s breach of good manners, but a palpable ovidence of boor- ishnesa, for any one to give adinner to a dis tingushed man, and then seat the other guesta who wers invited to see and enter- tain him in superior places, and give the strangor o seat bolow thom. Dut Warze' etiquotte rogardod tho ox-President of tho groat Republic ss on a footing with a non- titled subjoct of hor Majesty, making no ac- count of the fact that he was one of the first military heroes in the world, and was tho ex-ruler of one of tho greatest and most powerful nations in tho world; that, meas. ured by groat deods, and exalted by the po- gitions he had filled, there was no man fu tho British Empiro his equal, But, holding bim to be tnorely a plain Amoriean citizon, why wos 1t nocessary, proper, or de- pirable for tho DPrinco of Wales to invite him at al}, ospocially when Royalty was aware of what tho President was not ‘aware, that the invitation implied an insult toa *plain Amorican citizen”? If Wares rogarded Lim only s an American citizen, why should Warzs fnvitohim at all, any more than scorcs of other American oitizens who vislt London, and who in that capacity are a8 appropriate subjects for Royal Loorishness a8 the ox-Prosident? If ho wero ontitled to an invitation at all, it was bocause hewasa ropresontative American, not becayso he was plain Mr, Grast. Porhops tho most re- markablo foatura of the whole affair is the paticnca with which the ex-President en- dured tho very moan manper in which ho was troatod. Wa can only account forit by tho supposition that ho must have baen hun- gry onough to ewallow both insult and din. ner. If the two subsoquently disagreod with him, ho can at least take ndvantsgo of his exporiences by steering clear of Royal bau- quets, snd i¢ he must eat with the Prince of Wales hersaftor, eat with him at womo one olso's table, where he can sit beside him as Lis equal, him on this question, but that ho himself in 1860 undortook to carry out tho samo system, At that time ho was Postmaster at Now York, having accepted tho offlco from President Bucmaxay for the purposs of roforming cer- tain abuses which had led to heavy defalca. tions. Immodintely nfter ontering upon the dutios of his office, ho gave it to ba publicly understood that ho should carry out threo rogulations: First, that thero should be no sinccures in tho office. If nn omploye was useloas, ho should be discharged. Second, that ho shonld not bo influoncod by the so- licitations of Congressmen in making ap- pointments, simply bocause thoy wero Congressmen, They must tako the mame position as other citizens of similar stand- ing ond respeotability, Third, that he would not allow Lis employes, or himself as a pub- 1o officor, to ba nssessed for politieal pur- poses. In issning theso rogulations, Gen. Dix was not a mora thoorizer, He proceed- ed ot onco to put his theory into practico. i first act strnck Tammany Hall, of which ho was o member Limsolf, like a thunderbolt, for ho discharged one of its lazy Bachoms, who was busily at work in* the office doing nothing,' nnit drawing o largo “salary. : Ho soon nfter discovered tho nophow of a United Statos Benator who was filling a nominal po- sition, and off wont hia hend. Other usoless hends went into the General's basket, and thon lettors commeonced ponring in upon him from Congressmen, Tnnfnuny Bachoms, and prominent politicians, nsking him to reinstate tholr protoges, all which roquests .were refused. The War su- pervoned, snd tho publio attention wos called to more important ques. tions. When peace was rostored, Civil Bervico wos forgotten, but now that President 11avxs bas commoncod where Lie loft off, not in one post-office, but all over the country, be comes out with @ hearty indorsemont, capecially of the Prosident's ordor that for. bids Foderal officers to take part in the man- ngoment of political conventions and in sot- ting up party caucuses and nominations, In closing his lotter, ho addresses himsolf more to the American peoplo than to the Prosident. As tho result of his observations through many yoars of publio servico, bo givos his Qeliberato opinion that, ** Unless the admin. istration of our political system can Ge freed from these demoralizing practices, tending as they inovitably do to grow more bold and reckless, tho peoplo will soon lose thelr confidence in it, and be led to consider whothor there is any romedy for them excopt In somo change in the form of Qovernmont which will im. pair ita roprosentative charactor.” The warning is one which politiclans cannot lightly thrust asido without sorious conso. quenccs. 'Tho -poopla themselves should givo beed to it by rising on masso and sup- porting tho effort of tho-Presidont to reform tho sbuses which aro undormining tho re- publican form of government and sapping ita atrength. Wo print tho lottor elsewhers, and earncstly commond it to our roaders. SE—— the New York Werld baving given publicity to tho atatement that a grand reconcillation was belng cooked up by the * mutual fricnds ™ of Baxcuss, TiLToN, MouLToxN, and Mre. TiL- TON, in which TiLTOX was to forgive Brzcuxu, and MoULTON was to forglyo Bxxcuzn’s law- yer, oud Mrs. TILTON was to bo condoned by her huaband, oud they were all 1o ombrace and re- new their old soclal relations, ete., a reporter waa dispatched to interview BEECURR about it with thisresult: % - As he turncd to go down the Iadder the reporter calicd his attention to the etter copled {nto the World In regard to the seportad recouctlistion bo- tween bim snd Mr. TiLtox, ‘CAR" said M “Vinat story i Pasha has boen restrained by the jealousy of the native Turkish naval officers from swoop- fog down upon the lino of communieation ot Sistova. Reorr Pasha, the War Ministor, bas joinod Azpoz Ezansat Shumls, and a more vigorous policy is oxpected ss the result. —ee er——— Thoy have boen having it hot all around in somo portions of Minnesota—watching the grasshoppera with the mercary st 108 in the B A shade. But thoy had their rowand, for the il *hoppers in many loealitics havo taken thom- sclves off without devouring the crops, and in gongral the farmars are full of hope and coursge. In other grain-producing States our agricultural correspondents aversge a very encouraging prospoct for tha harvest now near at hand. ARR EPECIE PAYMENTS POSSIBLE} The resolutions of the Cinciunati Chambor of Commercs, and especially the spécch thereon by Mr. Ricmarp Burrn, of tho Ga- 2atte of that city, give special expression to cortain suggestions frequently made in Tme Trmuns concerning the impracticability under existing lawa of rosuming specie pay- monts on the 1st of January, 1879. The country canrot fail to bave its attention drawn directly to this subject. The Cincin- nati resolutions will force a discussion in all parts of tho nation. Tne Trsone bas, from the date of the Resumption law in 1875, shown that it was not possible to resume specie payments swithout additional legislation; in fact, the Iaw itsolf ssswmes that further logialation wonld be necded, and those who favored the law clatmed at tho timo no - mmore for it than as giviog a diroction to public sentiment. One important reason why that law must bo inoperative is, that it is an arbitrary exorciso af power by the Government to interfere in the buamess of the country, and to coerce and reatrain privato capital instead of mak- ing it frea. The Governmont has engaged in the msnafacturs of paper monoy, and made it abitrarily a legal tendor. The Gov- ormmont having no income or business, whoss catire rovenuo is limited to taxation leviod to pay current expensod, and having no 1noans st its disposal to pay ita notes, except the proceeds of such tar aa may bo levied for that purposoe, has undortaken to fix a day on which all theso notes shall be redecmable in coin. ‘That law was pussod two years ago, and no provision bas been made by which the notos are to be retired, or for furnishing tho money with which the notes may bo re- doemed. It would be a simple process to fund the groenbacks, which would settlo the wholo Lusinesa so far as the Government is concorned; but that has been objected to becanss it would Ieave the country without sufficiont currency, and compel immediately the payment of all debts in gold. Tho con- tinuation of the greonbacks hss thereforo been & neocasity rosulting from the policy of Governmental control of yprivate businoss and private capital. That Governinont is the best which interferes tho least with the busi. nesaof tho peoplo, and which extonds to all industries the largest froedom of operation. No Government has yet succesafully engsged in the issue of paper money; no Government has ever yot issned paper money without de. ranging and crippling private trade and pro- duction. Our Government has not ouly 1naintained an irredeemable paper currency for twolve years after the War, but has pro- hibited private capital during all that time {rom restoring the business of the country to 8 speolo standard, Tho Goverument has domonotized ellver that resumption shall be in gold. It Las fixed n dato at which tho Government shall redcem its groenbacks in gold, and at which the banke shall do like- wise. It has provided fora condition of af- fairs on the 1st of January, 1879, in which the banks of the United Btatos shall bo pro- pared to rodeom thelr $325,000,000 of notos in gold, or, in auticipation thereof, withdraw that sum of ocurremoy from circula- tion, Tho Governmont, as if to coeroo tho Lanks to withdraw their ciroulation, compels them to put up bonds which are worth $112,whick are par at $100 in gold, to sccaro $90 of bank notes, and then taxes Ahown an equivalent of 2 per cont on the cir- culation. ‘That is the policy extonded to privato capital. Alroady 835,000,000 of bank. note circulation has been withdrawn to avold national taxation, and bocause it has ceased 1o bo profitable. As tho law now stands, it iy inuvitable that on the 1st of Jonuary, 1879, the greenbocks must bo redeemed in gold, and rotired ; the bank notes must, from tho inability to redscw them in gold, bo with- drawn, and the currency of the country re- duced from $750,000,000 to the $200,000,000 of gold iu the country, and such wlditions theroto as the great demand for gold wmay sattract in the weantime, Buch a wholesale and urbitrary contraction of the currency wust of necossity paralyze the trede and production of the poople. Tho following is the law: Au Act W provide for the rusumption of apecls payweuts, Juu. 14, 1675, ‘P irat section provided for subsidiary silver colnage to take up the fructionsl currency. Yo secvnd section tvpesls the provisinof law it The forces undor Gen. Howarp now hope todrive Capt. Josers, the so-called piercod- nosed Indian, into a monntainous ‘‘bog™ H gimilar to tho colobrated strategio receptacle £ 0 which Gen. Bozuz, vainly arranged for Gen. va Bnaco carly in tho “late onploagantnoss.” Xt Josrrn sball enter, and twn tho trap into sn impenctrable and impreguablo lair, it is 1o bo hoped that the momory of Gen. Cax- bY’s trucoawith Gapt. Jaox may not be too pasily brushed asido in the busy preparations for & mutaal couneil. —————— e Inamean and contemptible epirit the Chi- cago Zimes mallgnantly cnarges Col. J. K, Co Forngst with plaglarizing some of his most beautiful thoughts in o lato poem from Father Prour, Col. FoRRRst's pocm was written first and submitted to Father ProuT, who mistook it for a gift, and inadvertently made use of some of the vonceptions. Many years after, Col Foungst demanded the return of the poem, and the gond Father, afrald to confess what ho had done, left Ool, ForrrsT In lgnotance of the fact that e portion of the gemn bad heen published. Col. Forars?. would not make this explanation, prefesring to suffer vicariously rather than bor tray bis old-time friend. «RE FUTURE OF GOLD, The gold advocates have recelved a hard blow ot tho hands of ono of the most emi. nent goologistaof Kurope, Herr Suess, Pro- fessor of Goology st the Uuivorsity of Vienna, who has rocontly published a work upon “Tho Futuro of Gold"—Dis Zu- kunft des Goldes. A recognized Europoan authority In his special sphere, ho not only has aimod in this able and invaluable, book to garner and arrango the historical facts and tho statistics of the production of gold, but also to supply tho proviously lacking infor. mation sbout money,—which is uot small oven among thoso who most affect special knowledge on the subject,—nnd at the samo tima to spply cloarly formulated laws to the economic phenomona witnessed. From the standpoint of tho geologist, Prof. Suzas pronounces as ademonstratod fact that, taking all tho gold over oxcavated from the remoto Egyptian era of Raxzaes II down to tha latest discovorios, thers has not beon enongh of it uncarthed to justify the general ostablishmont of tho single-money standard of gold contonded for by a cer taln school of writers in Europe, and 80 littlo reason:does ho find for that domand that he opposes to it the strong probability that mankind within sevoral centuries will have exhausted all the earth's gold ro- sources, The present stock of gold, increased by all which may be hereaftor oxtractod, estimated at any maximum that can be ibtolligently as. sumed, Herr Buzss malntaing, must be, rolatively, so small that we cannot rationally escape from tho conclusion that, in the courss of a fow Lundred years, thoro will not ‘be nearly enoungh gold at tho disposition of mankind for money uses! From this con- clusion there is no escape, he afiirms, when one, calmly surveying the carth, notos the small oxtont of it which geologioally affords the least hope of furnishing futuro gold- fiolds at all adequato to supply the incroasing demand for this proclous metal. And itis upon this polnt tho work of this German sclentist is singularly valuable. Mo says that the precious motals have throo separate sources which inark tho geo. logical transformation of their: componont matter in the outer strata of tho earth, In the first class, gold and silver ate found minutely disseminated in the rocks. Thus, gold is found ULlendoed with platinum and other motals, as at Nijoi-Tapil, in the Oural Mountaina; but B0 fow are the localitics, snd so small the prod. uet, that this sourco §s not to bo taken into acoount in estimating tho world's resources for maintaining a metallio monecy system, A socond source he places in the seams or fissuros which have rosulted from voleanio forces, and'to which belong the famous bonanzaminesof Nevads, tholodosor veins of Neow Grauada andof the Carpathian Mount- .alng, also of Victoria and Queenaland, and some of the ** gangues " of New Zoaland. The third or last source are the placor and fluvial gold flelds of Cali- fornia, Australia, New Zeoland, anl the Oural and Riverine districts of Northorn Asla, the gold deposits of which have Lal their present origin in ‘the chemical alter- stion wrought by the air, togother with the mpchanicel displacement and removal effected by water. These ever active, powerful trans- forming agents duscomposed the olderstrata, and transported them to the beds in which they are now found, and which are worked by bydraulio processos. Herr Buzss places the sggregate produc- tion of gold from 1848 to the close of 1876 at about $3,250,000,000, of which all but 391,000,000 was drawn exclusively from the last-mentioned class of sources, which con- soquently must be regardod as the only sub- stantial fleld of gold-supply in the future. In this relation, the goological lesson, according to this eminent vavant, is, that the produc. tion of gold must depond essentially upon e - New comhinations and pooling arrange- ments are tho order of the day smong the railronds, the mamagers of which are evi- e dontly dotermined to recoup tho lomca of recent wurs by big rates in times of peace. Bo long es rates aro rensonablo, itis possible to maointain them, but expericoco should havo taught tho transpartation potontates by this time that oxorbitant exactions are & pre- mium on secret cutting and gemeral bad {aith, and that fair donling paya best in the long run. A very strong fecling of disapproval is .manifesting {tsclf among the citizens of Wheaton with roference to the manner in which tho colloge at that place is being con- ducted, and at o public meeting on Baturday night a decided disposition was shown to call the management to an sccount of it utow- ardship, 8o far as may bo judged from our report of the demonstration, it wonld appesr ¥ to be, in paint of numberw and character, ons s which President Bravcmarp will bave some E difliculty eithor in ignoring or defying. — e e —e—— Ex-Gov. CHAMBERLAIN, {o his Woodstock haranguo of July 4, sald that he preferred to discuss the Loufstana rather than the Bouth Carolina case, becauso ho preferredtospeak of case In which he waa not a party, and added: 4 Unfortunately for us fn South Carollna, the apparent result of the clection was the election of a part of the Democratic Stste officars, io- cluding the Governor.” This was just the placa for him to have stopped. Not having been re-clected, he had no griefs of his own that he conld properly lay at the President's door, and the Loulsiana matter was none of his affair, and affected him only fn an infinitesimal degreo. —————— ‘Affairs bave arrived at a fearful state fn Brookiyn, and the hard times arc doveloplog painful matances of suffering and inisfortune. Upon the resumption of work at the Navy Yard, recently, thousands of men, many of them college gradustes, aud some learned in the pro- fessions, appiicd for employment. ‘Two of the best Captaing cver In command of American steamships were employud os calkers at $3.00 aday. Of coursc most of the applicants wers totally ignorant of the work they sought, and wero torned away to wander in valn soarch of even the necessitiea of 1ife, TAMMANY'S CRY OF “FRAUD. It is the evident purpose of Tammany to control the Democratio conduct of tho next Presidontial campaign, Tho basis of that campaign, if 1aft to Tammany management, will be the cry of “Fraud!” Mr, Titbes soundod tho koy.note at the rocoption ten- derod Mr. Heworioxs in New York some timo ago, whon, ignoring the guest, ho pub- lidly lamented his own defeat and whined, “Rorny Hayzs bas gob wny office.” ‘Tho New York Sun, 'I'moex's chiof newspaper organ, dovotes itself almost oxclusively to ringing tho changes on this slugle theme, and ita oditorial writors are ina falr wey to bring up at an insans asylum in thelr dospernte offorts to put the old twhine” into mnew bottles Cuanres Francis Apaxs, the great dofeated and percnninlly disappointed candidate for all sorta of offices, is trotted ount on ovpry possible oceasion to cry * Fraud” at the top of his thin voice. Taminauy de- votod its Fourth-ofJuly celebration ex- clusivoly to this toplo, and included it con- splonously in all the invitations it sent out to upeakors and Invitod guests. Grand-Snchem Heurwy announced ** Fraud " as the topic of tho day. Littlo Baymx Cox made the ora- tion, in which *fraud,” **corruption,” * de facto,” “Jovas Isoamior,” * Dexepior Anvorp,” “8to 7, * loaded dics,”" * Dup- rey Froun,” % bar sinister,” * Nomesls," ete., etc., were 80 jumbled up that thers was not a connected or intelligent sentence in the whole specch. Thon & lot of other small fellows, and a number of letters from disap- pointed offioe-ssekers, followed, all barping on the thoms * Fraud."” If tho Democratic party expects this whino to last over four years, and gocs into the next campaign with no other material, it will merely show the same pig-hoaded ob- tusoness which haslod it to defeat for the last twenty yoars. No fssuo without merit, and doponding solely on the partlsan pas- glons and disappointments, can deceive an iutslligont public for & long torm of yoars, ‘The contested election botwoon Havzs and Pruoes ls sottled. Mz, Hares is not acan. didato for re-clection, and the sattlement cannot bo reopened, The dispute wos dis. .posed of lawfally, as well as in fact. It rested with Congress to determino the final count. Congruss—one House boing Repub- lican and the other Democratio—~sgreod upon an Electoral Commission, and passed a law governing its deliberations, 1If thero.was partisanship io that Cowmission, it may be &8 fairly charged upon the soven Domoorats, who voted solidly together on every ques- tion, as upon the vight Republicans; who took the opposite view. More than this, the two Ilouses of Congress ratified the finding of the Commission, and Uaves was lawfully declared tho law- tully electod President of the United States. The Dewmocrats Lad advocated and indorsed the Vommission law ¢ it could ‘uot bave been passod without their acquiescence. They also assisted iu the ratification of tho arbiterw’ decision, and Hayzs was proclaimed elocted by the two 1louscs of Congress in joiut session. Tuers tho watter onded, and, 84 tho result has proved, very satisfactorily to cverybody excopt tho sorcheads of the two cxtremo factions, It is puerile and pu- Nothing has been heard from the Grand Duke Micuary for soveral days, and from this absenco of official bullotins is derived conflrmation of the reports of heavy disas- ters to tho Russians in Armenia. As nearly as can be ascertained, the loft wing has turned back with the object of racapturing Boyazid, which s held by o force of Turkish irregnlans from Van; while the operations of tho centre in the vidinity of Kara bave been suspended to awalt roinforcements. 'The piego of Kars ia still maintained, howover, snd MugnTan Pashs, though ho has ad- vancod Lo within a half-day's march of tho TRussian line, evidently heaitatcs to attack B with hLis presont force. Doth armlies aro | s2id to bo deficient in their provision supply. —————— It seems to be & mistake that the Cameroxt have ruined the Republican party of Pennsyl- vapis, bozauss the party is trylng to curb the wmachine" class of ofliccholders a little. Tho Doylestown Inielligencer says that the Repub~ Ticaus of Bucks County aro practically united ln the support of Presldcut itAY=e aud his Admlo- {stration, ‘Tne Roading T¥mes and Dispaleh sayh tho same of Berks, and tha Pittsburg TelegraiA says likewlso of Allegheny, and the Lrle Jis palch says there arc no auti-HaYRs Republicans 1o Erle. Aband of snobs, calllug themselves Tark Commissioners of New York, lave estublished » rulc of dress to be worn by vialtors at Contral Park. Unless this rulo is conformed to, the nonconformist is promptly jugged pe o vugeant, and the rule {s having the desired cffect of keep- {ug the poorer classes away from tho famous g sort. In whose interest this action s taken is not apparcut, but the band of anobs ahould ned be surprised upon awaking some moraing to fud themsclvea hanging from trecs, atone-deads e p— - The Turks have forblddon Consuls and aiplowstio roprescotatives of foreign Pow- ers within their territory to sond ciphor dis- 4t patches, allegiug, says the Memorial Diplo- v wmatique, that one member of the corps has been guilty of transuitting information con- cerning the disposition of Turkish troops to fricuds of the Russians, Simultaneously, we hear from Paris that Mr, Evogsz Scuvyies has arrived thero on & long leave of nbsenco from Coustantinople. It surcly cannot bo .t ho is the man aimed at, but peoplo will (hink that Lo may have boen, scelng that ho Das left tho Turkish Capital at tho vory mo- went (hat he ought to be thero; thathe is frewh from lussio, where he had mado many friends; and thot“during the * Bulgarian i ulrociticn” excitement Lo was @ conspiouous X unti-Ottowan letter-writer. How it was posstvls for the Clinton Savings Bank of New York to burst ls a mystery. ‘Phere was but one oflicer, who was bis owd casbier, teller, clerk, sad asslstant, who opened {n the morning, closod at niglt, and who sweph out and dusted, and fu fact did cverything that precepts teach 18 tho way to success, aud yeb tho voucern went under, lnvestigation is de wanded, Japan s not maklug very satiafactory hesd- way fu crushing her reveilion. Baigo, cowr fessedly the military genius of the Empire, st secured ammunition and supplics in abundance, and has uot ouly stopped the Imperial urib), but bewmed it In on the land side. Al ovet the country there are outbreaks that annoy the Governmeut, and afford ald to the briilisnt in- surgent. —ee THE LIGHT OF THE YUTURE Tho * light of other days™ is the candle; tho light of the presont, gas at an exirava. gont price; tho light of the future, eleo- tricity, with an illuminating power increasod in inverse proportion to the decroase of cost. Tho timo is approaching when Mr. Biriixas and other combative Gas Kings will have their scoptres snatched from them snd their gus-works left on thelr bands. *A Rassian military officer with the uopronounceable name of JasLoongory found time, before the boginning of the 'Farko.Rusilan war, to solve the difficulty which has heretofore rendered the electric carbon light compara- tively usoless for general illuminating pur- poses. That difficulty was the apparent impossibility of presarving the proper dis- tanco betweonthe polatsof the carbon, which increascs with the burning,and diminishes tho power of light by the squarc ss the points receds. Some success Liad boon at- tained by means of an apparatus’ consisting | of a wovable sorew, run by clock-work, which roadjusted the carbon points, but the ma- chiuery wastoo intricate for general usa, AL Janrocuxory's contribution is the invention of & cowpound which ho calls *kaolin,* which iusulates the two carbon vencils eon- 8 thing e i ths statement fu the Word bis wmorning, and it {s a sheer fabrication of somebody’ who wanti nows. The relatious between Mr. Titton and mywelf ars such that there can e no thoaght of any such srrsogement. 1 know that 1 Lsvy nevor beara of wach & proposis tiou, aud none of my fricnds, 1 sm sssured, would tuink of taking such s stop,’ Nelter do Lbelicve that Mr. Tittox would think of wakiug shy over- tures. You msy reat sssurcd tht the wlory lea cunard throughout. A to the breuch between Mr. Titon and Mr. MovLToN, bowever, ihat (¥ snoth- ¢r thing. 1 bcileve Were can bu no qucstion about that,* **T4 ls understovd that Mr. WiLox denles thai such s the ¢ sald the reporter, **Well,© returned M. Bexcukn, **1do not think that Move- 2ox will deny §t. Why, one uf wy fricuds, io whow 1 have purfect coufdence, tuld mea few duys ago that MouLTox vald in bi ' wus * sorey that be bad left Mr. b S Wo print elsswhers a very remarkable let. 2 ter from Judgo—Dut better known as ¢ Pig- § Iron"—Keiiey, of Philadelphia, in which ! Lo makes au extroordivary confession cou- cerning the Bilver bill. Howas Chainuan of the Committes on Coinsge wifich prepared the bill demonetizing silver, agreed to the bill, und voted for its passage, but wos not ] . aware until loug sfterwards that tho bill in - 5 offuct abolished tho silver dollar us tho standard of value. e bad no thought, Le says, that there was any phrascology in the voluminous bill which could work the du- mouetization of silver, and the idea never for an instant was prosent in his mind. Eamsisy Lz, of London, in bebalf of the Amstcr- daw Lsukors, * got in bis work ” well, He did ot spend all of tha §500,000 of pocket- money that bo Lrought over on bimsolf. Picry werv thres wen who knew what the —— There Iss kuotty case pending ln the Bostod courts. Joun H. Orrss was engaged (o nhl‘l!. who jilted bim for RossaT EDwAiDS. As Evr wanbs aud his wifo started on thelr wedding tour, O¥ysa ran after them, fell dowa, split bis - knee-pan, sud now brings & sult agalnst tho bride, claiming that her recreancy was the pro* toplasm of the damags to his pateilsr orge™ Lao, ————a——— A few dsys ago a Harvard man, who measured tweuty-nine and oue-quarter luches souud the arm and spelled * tcmato™ with & “u' two “m's," gazed complacently st s #ign over Lis training-quarters, fuscribed: **No & porters or loalers wantgdl" A few ks ———— The sudicnce which listened on the Fourth of July st Woudstoek, Coun., to CRAMBERLAIN'S assault upon President Hayxs, and Jix BLaINE'S fulse accusations about Blexican an- pexation, soubbed these genticinen preity sc- verely, When CHAMBERLAIN had foisbed his diatribe the crowd geve threo cheers for HAYRs.