Chicago Daily Tribune Newspaper, July 11, 1877, Page 4

CHICAGO TREBUNE: WEDNESDAY, JULY U, 1877.‘ changes In the construction of tho miles for | conld not have found it in his soul to tend grading, and parties who buy and sell for | the whole ontit to the Lord; bnt, sinco his {nturo want to know what tho change will | itching palm isextended for the hire whereot be, if any, before committing themselves too he esteoms his Lbor worthy, it is sweet and far, Tho trade would probably be glad to | decorons that the churches shonld rospond, ree the present incumbent reappointed ; but lest Capt. Benny sail with a material mart. the grent majority would undonbtedly mnch | gaze weighing heavily upon his spiritual “G0 | mther seo his successor appointed now than | ark. The money shonld bo raised straight g.50 | n month hence, if a change is to be mado. | Way, for tho boat is represented 28 2:0 | Cannot the Governor arrive at a decision? | ‘‘stanach,” and it will probably bo a year weight determined by the relative supply } But the laws na they now stand prohibit this, running over along term of years, Tn any | and, by providing for speclo redemption of temporary disturbanco of these relations, | tho greonbacks on n day fixed, they compel owing to a disturbance in tho averago of | tho banka to withdraw the currency they supply (such os a surpins of production of | have now in ciroulation. In the first place, one ora demonetization of onc by certain | the bank ia required to deposit wilh the countries), the nation having the two coins | Treasury tho equivalent of 2105 in gold and can utilize tho more abundant metal un. | 6 per cont additional nan reservo, for which til tho tomporary disturbance shall bo | it is permitted to inane $0 of bank notes. romoved and the valnes rendjusted. If this { Whon tho national bonds were worth no era to and fro, and not tu any real senso eml- gration at all, On the other hand, the emiera- tion to the Australian Colonies from (reat Britain has heen sarge and tell matntatned, numbering $3,198, while the return iminigrants were only 2,50 These statistics tell of the hard thines in the United Statca and Canada, and testify to tne comparatively prosperous times that exist away off at the antipotes. There ta no particular {nducement for Euro- peans to emigrate to this country at present, and that this consent will be given only when it. is believed that an cquivalent has been left be~ hind.” With regard to the ruin of French tn- dustries, the Times nays: “If the cotton which is tnauufactured at Rouen at the price of three days’ labor ean be obtained fron Evfland In exchange. for wine produced at Bordeaux by two days’ labor, the day saved fs a clear gain to France. It may be spent elther in growing more wine or in providing sumething else for which the demand bappens to be larger or tho BY MAIL—IN ADVANCE—PoOS' Dally Faition, one yeu Parcs of a year, pet nt Dinited to nny aavirens four weeks ‘tor Honble het Exturday Fetttl ‘Tei. Weekly, one ye: Barts of a year. per 50 ———————— at lonat before this evangelical toiler of tho | is what is meant by using the cheaper to | more than the papor, there may havo aa there is no demand for new labor; {n fact, | market lesa overstocked.” The Times sums up gusconginerere al 1.23 | Along the Turkish lines things are becom- | takes will call for a now craft, pay debts, very well; that was thornle for] beon au oxeusa for this margin; but Ponte ey nee ooo Papuan ie alenualon ee following advico to the Chun of tre 26:08 | ing mised. Just beyond the camps of the Tae me eighty years in this country; and, now that | when tho bond is worth $105 in gold | conntry in the expectation of {mproving thetr | | For every cargo retained. by Fragce there must Specimen copies sent He6. ana ctve Pott: contending armies, Bulgnrint and Circassian GOLD AND SILVER COIN. wo oro seeking to got back to a coin circula- | and the paper but $95, the exaction of | material condith be some vanivalent created tn Fran’ and sent off ofee tire Hath includton State SaNHOUT py | Tartara are cutting each other's throats with | ‘Tho fandamontal error of the monomot- | tion, wo fect tho necessity of ndopting it | such o margin is not only nnnecessary, cient Inezchange for it. Kach of the two nattons would sermitvances may either ht thus be free to take Its own part in the jolot work of supplying the watts of both of them, and it milght employ Its creative forces more amonthly and to better advantage Intho artificially widened field. ‘The trade hetween France and England (6, after sil, 8 matter of inuch more concern to France than to ourselves. We are alrealy by far tho largest purcbarers of French goods, aud trade with Kugland etands for no inconelderable portion of Foat-Otice order, or ia registored letters, at our Fiek. commendable pertinacity; Rocnpr Pasita | allists in this country is tho treatmont of tho TERMB TO CITY SUBSCRIBERS, has been placed in control of military affaira .| silver question as if tho United States naver . ke Baty: deilvered; Sunusy Saetitee i erat tere at Constantinople, because he can control | bad any other legal-tendor coin than gold. Sere ot Madiénn and earoorn it. | the people when it shall be determined that | The fact 1 that the United States coin al- further resistance is uscless; Anpcn Kents | ways consisted of gold and silver, a3 long a3 AMUSEMENTS, Pasita has called for 60,900 more men, and | there was any Uniled States coin in circnt- again, It mado little difference so long as | bntisalosstothe bank. In addition, the thero was no coin of any kind in circulation; | Government continucs a tax, levied origi- but when all currency is to be | nally aso war tax, on deposits and on circula- coin or currency redeemable in coin | tion, which taxes aro equal to a tax of 2 per o1 demand, then gold slono is not | centon tho circulation. With a tax of 2 per cnongh, as silver alone would not be onough, | cent, and acirculation limited to 45 or 90 THE LONDON POOR. Anumnber of new bulldings erected by the Vivtoria Dwelling Association {nthe nefghbor- hond of Battersea Park, London, were thrown open for the reception of lodgers on the 23 ult. The buildings were the tirst product of the Association’s work, and thelr dedication | the whole trate of France. ‘fhe question to Adelphi Theatre. in Hable to loso his official bead for the do- | lation. The apecio fatalist of the Now | and the two are ncedod asarestraint, ono | per cont of tho gold value of tho security de- | was vonsequently an event of Importance. A fest Le A greta ee ple a neice Monae treet, corner ot: Dearborn, "Three Fest | mand, York Times utterly ignores this in charging | npon tho other,—the ono to como forward | posited, tho circulation of itself in of little Aistinguished company, Including inany mem- | Role toner than we are ar present, she can do 90 en." ‘ternoon and eveolog. Se that tho bimotallists of the West are guilty | and sorve the purpono when the other retires | or no profit, and the circulation is gradually bers of Parliament, assembled in response to Most cortalnly by treating a better herself and by Cotton's Opera-House. . Beient: Marea ie eirwests eee res of ncrime in exacting the romonetization of | for any reason, and tho two to go band in | falling off. If, howover, this tax were ro- earls Af leat ot Fran ive tet eae Rieethonthre ee Nonroe etrect, between state and Dearborn. ‘Any | prominout moar mn oO 7 le : = me my senwoariie.” Afternoon and evening. Southorn States, and is said to be inclined to the oa vole du over hernia es hand when there {s a normal and prosperous ernie at jeter atl alowed ue so toning the use of her name in connection with | Phe Cincipnati Tunes (Itep.), In an article on Lake shore, foe of Adams street. ‘Thomas’ Bum: | ‘Tho Sonth would doubtless ho glad of the THE WAR SITUATION. is now of no profit, would furnish auiiélant Ls y alr, iy | When Mr. Strerwax, then Cualrmin of the Fl- in Haxtntoy, Jevrenson, Wasminqtox, Map- iso, and tho oters who, in 1792, assisted in securing a law establishing a certain relativo weight, and providing for the coinago of the two metals? If not crim- inal or, scandalous then, nor during tho following cighty years, when tho ustion’s coinage was of silver as well as gold, why is it criminal or scandalons now? If, during eighty yoars, the Amorican people wore not charged with bad faith becauso they excr- cised the. privilege, free aud equal to ail alike, of paying debts in the cheaper of the two metals, why is it disreputable now? Sinco the demonetization of silver in 187:}, there has boen no coin circulation in this country; there had not been for several yenrs before that; gold itself might hitve beon de- monetized without any practical influence, if the silver dollar had Leen retained, since sil- ver would have served for payment of dntics and tho interest on the debt. and gold would have been bought ond sold for oxport as it is now for payment of foroigu balances, But tho fact is notorious that gold wns rotained because, while both gold and silver wore in circulation, gold was the chénpor of the two. We sidioit and tmaintain that the vory purposo cf having the two metals, instead of either ono alouc, is that when ono becomes scarce the olhor may bo utilized, which is the same thing as way- ing that whon one becomes the dearer tho cheaper may be employed... Tho effect will alwuys bo that the now demand for the tem- porarily cheaper motal will restore tho equi- librium on a basis of fair averages, A good deal of misnpprehension abont this silver question arises from tho fatso impres- sion that the Governmont has, from timo to time, increased or decrenscd tho woight of the silver dollar to keop it on a par with the gold dollar, ‘Tha only chaugo thot was ever made, so far os legal-tendor dollars ara concerned, was to reduco tho weight of tho gold dollar; the woight of pure silvor in tho silver dollar has nover been changed. ‘Tho relations be- tween tho gold and silver doller wero originally fixed ut Gftcen to one,—that is, fiftoon ounces of silver wore mado eqnal in valne to ono ounce of gold. The bulk of exporience botween 1792 and 1834 taught that, on thia basis, the gold coin was tho morv valuablonad itdid not circulate ; to rem- edy this, o law was passod in 183% docronsing the weight of tho gold dollar, uo as to make ono ounce of gold the equivatent of sixtoon instead of fifteen ounces of silver when coined. In this the legislators went to the other extreme, nnd tho silver dollar, whon it became sixteen times instead of Afteen times tho weight of the gold dollar, did not circu- Inte. Nobody theroufter was accused of swindling because ho paid his debts in gold dollars, which were the cheaper. If tho law had fixed the proportion of fifteen and a half to ono, it is probable that tho variation be- tween the two would have beon so slight that the increased demand for the gol dol- Inrs in tho temporary ratiroment of tho silver dollars would soon have given them a value fully equal to that of the silvor dollars and brought the latter back into circulation ; moro properly speaking, it is probable that neither of them would havo disappenrod from circulation in that event. Aa it was, howover, it was considerod right and propor enough to pay debts in gold dollars, Itmunt be recollected that, when silver coin was debnsed in 1855, it affected only the sub. aidiary coin, and did not change the relations of tho Iegal-tender dollars of olthcr coin. As aattor of fact, therefore, tho silver dollar, the unit of Amorican coins, has novor been changed in weight, and provision for ita coinage would restoro the dollar just as it waa originally fixed as the standard of American valucs. ‘Tho Cincinnati Gazette is equally in error in this matter when it asserts that both coing can never be kept in clroulation together. It wouldn't bo 9 serious matter if this woro true, if tho privilogo remained of using eithur one or the other according to the supply; but, 28 a matter of fact, they have circulated side by side in largo quantitics for many years, and still continue to circulate togethor in targe quantities in France, Belgium, Italy, and Switzorland (constituting what is known as the Latin Union); and bad Germany, England, aud the United States joined this Union, there is no rensonable doubt that gold and silver would today bo circulating all over the world, under stamps of all nations, at the ratio of fifteen and ayhalf to one. As it waa, this ratio, adopted by the Latin Union, actually obtained the world over till Germany dvemonetized silver, threw ont §$300,000,000 of it to ‘bear” silver, aud absorbed that amount of gold with tho effect of * builing " gold elsuwhere, If now the United States were to remonetizo silver on the snine basis as the Latin Union, the combination would be strong enough, and tho demand for silver as a circulating medi- um largo enough, to re-establish the equi librium, so that it would soon require o full ounce of gold in England Sor Germany, as well as in France, Belgium, Switzerland, and the United States, to buy Sftecnand one-half ouuces of silver, We aro willing that the silver dollar shall be restored on the same Lasis it restedat the time it was domonetized, viz. : at the rate of sixteen ounces of silver to one of gald, because that will hasten: tho M. P., Chairman of the Executive Committee of the Association, and Lord Bsaconsrtevn, the Prime Minister, who was appolntcd to give the ded{catory address, Thesa gentlemen made some statements of interest In relation to the condition of tne London poor, and the meus- ures that have been taken for thelr relicl, The death-rate of London, it ts well known, fg lower (han that of any olher large city inthe world, not excecding 23 or 24 per thousand a year. This average fs produced, however, by the extraurdinary healthincss of tho best dis- tricts in the city. In the worst districts the mortality is 40 to 60 per thousand 9 year, and tho excessive mortality, according te Mr. Waxten, ts directly attributable to filth and foul air. Disease arising in this manner has an immediate and important bearing upon the morals uf the people. It fs a fuct capable of easy verification that drunkenness, wife-beat- ing, and neglect of familles are promoted by the prevalence of disease. The temptation tu restore falling physical powers by # resort to drink is uften too strong to be resisted, and in the traiu of intemperance follow wl the iniserics of poverty, ‘decay, and death. Agalust tho death-rate in the worst por- tions of the city may be placed the returns from somo of the improved tenc- ment-houses built through tha benevolence of Mr. Prawopy aud others. In the years that these buildings have been cstablished the death-rate has not run above fourteen in o thousand, which, it will be observed, Is tenin o thousanil less than the average for the whole city. Nor are theao returns partial or too nar- row for purposes of comparison. Tho number of improved tenoment-houses In London 13 larger than generally aupposed in this country. Within tho last twenty years accommodations hare been provided for 40,000 poor people by yarlous associations engaged in the erection of improved dwellings, and the work isin a more vigorous and healthy condition than cver before. But beneficent as is the work that has thus far been done, It 1s.as yet totally inadequate to meet the necessities of tho case. Tho popula- tlon of London Is increasing at the rate of 40,000 a year, number sufficient to fill all the im- proved tenements constructed in twenty years. The work must be extended widely if tt ls to accomplish the ends. for which it has thus far been prosecuted. The prospects of such exten- ston are not discouraging. ‘There Is ground for hope, especially in the rational methods which tho foundera of these various building assocla- tions have adopted, They do not ask for out~ right uifts of money from those benevolently inclined, but promise a return of Interest cn the fnvestment, somewhat less, per- hapa, than the prevalling market rates, but still sufilefent to silence tho upbraldings of resticss British thrift. Stockholders In the Victoria Association, for {ustance, are promised, Dut not guaranteed, a return of 5 per cent: on their Investments. Suppose," said Mr. Wate rex, ‘ton ordinary building Inveatinent caleu- lated to yield from 6 to 634 and 7 per cent, the sharehotdors may take out the additional 13¢ or 2 percent from the comfortable feeling they will have that they could not spend their money better for the good of mankind.” Mr. WALTER added, with a force and pertinence that muat have gone home to some of his hearcra, that capitalists might a great deal better spend tneir tmonoy through associations of this description than {nvest it in tho bonds of bankrupt foreign Governments. The English people might bet- ter have put £50,000,000 in dwellings for the poor of London than in enabling the Turks ta bulld fronclads and uscless palaces, ‘The economy of united efforts such as those made by tho Liritish building associations ts ap- parent. The largo scale on which the tence ments are constructed insurcs cheapness. ‘The grouping of a number of familles undor onc tuof, and the dimlnfstied cost of superintend- enca and collection, is another considcrabtc item, Sore important than all {s the vlan of construction, {n accordance with which the buildings aro mado many stories fo height, thus utilizing to the utmost the ground on which they aro built, Tho managora of these assucia- tions believe there ts economy In building Jon- don upwards, instead of apreading {t out, Workmen must realdo wear their places of employment, and if they cannot get geod lodgings “they will take bad. in the new tenements — 1,600 persons can be accommodated on one acre n+ fluitely better than 300 conld under the whole syatem. All this work cannot go for nothing, and It ts already producing its effect upon the people of London, The Peabody Association hasacapital of £600,000, and bas furnisned homes to 10,000, Sir Sipnxy Watentow's Company bas a capital of between £300,000 and £400,000, and provider for about §,000. Many other assoclations have added their cfforts to those already mentioned. If tho Investmonta shall make returns as large as promised, it will not be long before the supply of tenements will be cqual to the demand. mer-Niaht Concerie. opportunity to vie with Now Englaif in SOCIETY MEETINGS. domonatrating hor respect and esteom for the : man who ins so earnestly endeavored to pro- cl! PTER NO. $27. R A, Mu tod Twene mote her welfare, and tho conutry at largo COT oa eciork for work on ine Royal Arch | would note with great satisfaction tho cor eqmpanlons cord Tit, 42" | dink reception of the President which tho - Nodit A. Fae Ae Mi~terv- | peopl of tho South would be certain to give Maronie ‘Temple, corner Kane | him, ite iitea eotdialy invited — tt Ainenag AVS By the capture of Tiruova, tho Rossians gained pousossion of tho Schipka Pass through the Balkans, and their ovident in- <= tention is nu advance upon Adrianople, thus CHICAGO MARKET SUMMARY. threatening Constantinople and Shumla. Chicazu produce markets wore moderately It was in anticipation of this action that the yestercay, and irregular. Mose pork close bie er bri tigherat $1:3.27% cash and $1340 British feot was sent to Besika Bay, and Lat 8g for Augus Jased 174,020 per | troops aro now in readiness for embarkation 100 fre higher, at $0.0714@0.10 cash and | to Egypt to nwait tho otion of the Czar, EN1IGAL for Anzutt, Heat nore arnicts Our London correspondent telegraphs that per Ib for lovee shoulders and 7c. for tiite. Lake freluhta wore deni, ut 1¢@2e | there is every prospect now that Engiond mh to iiuifale, fzhwines were ateady, at | Will take a decisive step. Her attitude has $1.04 per xallon, Flour was cull, Wheat | been warlike for months, and tha disrespect fr, at $1.17 for Jnlyand $1.17% | paid her position by St. Petersburg has at Se ree ie Hin Earaebee: Gate esas monly, | Heneeee emeee eee Ja eatry pul Lee NRO jgtint atu 1 fi 5 5 * ; ar seiige cash and 200Ge for August. Hye was | OF Fecede, Ifer declaration of war may now firm, uy ug? Haricy wax nominal, at 8O@sse | beexpected any doy, ond with her entrauce jer september, Hoge were activeand | upon the scene a complete change of Enro- eae SUA east area pura ia at pean politics will make strange bedfellows of were dull and unchanged, She : Gemund at $1,004-7% Last Saturday exening | S0m0f the sovercigns, was In stora {n this city 437,203 bu ba corn, 803,030 bu vats, & rye, and 97,01 bu bartey, . Total bung adecrenre of $42,402 bu during Inet a One hundred dollars in gold, would buy $103.37! fu yreenbacke at the clore, The long delay which characterized the Russian operations after they had established their hendquartors at Bucharest and arrived on the north bankof the Danube is repented now that n large proportion of the army is on the south bank. The problem in tho first instance was to nccumuinto stores and war matorial in sufliciency to provide the army after it had crossed, as then thoy would cut loose from railroads and occupy country already stripped of resonrces by the Turkish forces. Now the problem is to got tho pro- visions ovor thoriver. ‘They cannot practice tho ordinary system of requisition, ns thoro is nothing to draw upon. ‘They muat bring all thoy want from their base of supplics nt Bucharest by wagons over wet, marshy roads, take it across the river, and then cart it to tho army,—ono of tho slowest and most tedious mothods of transportation. It is evident that thero can bono general sdvance of the main army . until tho ussinns bnyo taken Rustchuk, which is in immodinto railroad , commu- nication with Bucharest, From thia point south there is alsoo railroad through’ Bul- garia, which tho Russians may utilize if thoy can provont its destruction, Narozzon said an army traveled on ita belly, ond tho truth of the statement is shown by tho movements of the Russians since they crossed the Pruth. Every step forward has binged upou tho question of the next moal, ‘Tho Russiaus, howéver, uro not altogether inactive. Their nance Committee, was pushing through the senate that my} EY} erlous Silver Demunetization bill, he said (lan. 1973), *! This bill proposes.n ailver coln- e exactly the same os the Mronch.'' ‘Tho Senste nicoubted|y took Mr. Senay at hts word, thoy took the bill on the falth of the Finauce Commit- fee's report {n ita favor,—they did not examine it for themrelves, Mut what an enorn hall wo ray ‘blunder *?—that statement w et the same a9 tho Fre eh? Mr, MEAN, Uli you not know that that bill made the allver colnaza of thia country. legal tender for $5 oualy? and did ‘an nut know that the standard silver coln of tho ‘rench was an unlimited legal-tender? ‘hat in a question which i will do well toanswer to your Ulographer era the sands of life have quite rut out, ‘Yhat limitation of the legal-tender quality of silver makes all the difference In the world. It makes {t adebascd money. ‘There must be no lnitstion clause in the allver plank of the Obto platform. <a Ex-Judge R. B. Canrentsr, of South Caro- Una, has resigned hls Judgeship because the Democratic Legislature illegally elected a man fn his place; but while protesting against such unjust action, he does not go over to the ime placables. On the contrary, he says: T have no hesitation in saying that, In my jndg- ment, the policy of Prealdent Mares will work well, eapecially chrunghont the South. The char- acter of the man will imprees Steelf anywhere. profit to indace on incronse of it. Now banka would bo organized, and tho existing banks would increase thelr circulation, or resume that which they have surrendered, Tho Resumption Inw, however, contem- plates an exclusive gold currency, Aftor tho lst of January, 187Y, tho greonbacks aro to be redeemablo on demand in gold; a3 the National Bank notes are redeomnble in greon- bracks, they will practically bo rodeomable in gold. ‘The nbsolute demand for gold in this country will be equal annually to $145,- ,000,000 for duties ; to $50,000,000 for sot- tling foreign balances and expenses of tour- ists, otce.,—making an aggregate in round numbers of $200,000,000. To thia extent, therefore, thera will bo n demand for gold, and the greenbacks will be presented for that purposo, If tho banks hoard grocn- backs, then their own notes will be presented, and gold or the greenbacks will be demanded. All persons dosiring to hoard money will naturally seloct gold, and perhaps thirty or forty millions will bo put away in that man- ner. Tho banks, therefore, will bo compelled to contract their circulation to the lowest possible sum, or surronder it altogethor and draw out their bonds, Thoro isa notion that the Governmont can pay out gold for green- backs and thon reissue the notos, and con- tinue to issue and redeem them. To got tho gold in tho first instance it must soll bonds for gold; if it réissuo the groenbacks, it must eavalry advance, which can live off the coun- tepcat the pale of: bonita): and suet time ttre or F deems its notes it must sell iore bonds to try, has taken Tirnova, the anciont Capital | 1,5 atte to repeat the operation, and in time of Bulgaria, and ponotratod towards tho | +44 ponded dobt will bo greater than {t hay Balkans, ovon as far as Oxman-Bazar,whither | 014. boon, tho rameter They uae cole Tho exinting law requires that upon the forced the Turks from tho south bauk | tug of notes to now banks u sum of groen- of tho Danube, west of .Rustohuk. Their | rocks equal to 80 por cent of tho additional cavalry is alroady in front of this Intter | penk-note curroncy shall bo rotired’ and fortross, Shumla is threatened, and ‘Varna canceled, and that this operation shall go on ‘bos been placed in a atate of sioge. Tho | until the aggragato of greenbacks shall bo ro- wholo Qundrilatoral is threatened. In| aicog tg 21100,000,000, Now, supposo this the Dobradscha tho Iussian aba have | timitation to $800,000,000 be repealed, and pressed their way down to tho lino of ‘Tra- | ¢h9 ineronsed circulation of tho banks bo en- Jon's wall, Ono corps has occupiod Mod- couraged by tho repeal of the national taxes, fidjo, thus cutting off Kostondje from | .14 by allowing a cirenlation oquel dollar tho intorior, so that the Dobrudscha ts force for the first time seriously threatens Hate i “ ve cenenn aE bese ae: the Quadrilateral, Mounwhilo, tho Ttusafans | Post and silver be remonotized. how dlifer- atill continue to cross tho Danube in iarge bin hana ae al cil bas b am ing tho pres- numbers, Reinforeoments of frosh troops ea os to aes 330,000,000). we aro arriving daily at Bucharest from the would, say at the ond of n year after the North, ‘Tho Roumantan army is aleo pro- change in the law, havo the following result: poring to cross, notwithstanding tho objeo- Rad aineromes etwesn $330) 000,000 : Gn 08 tion of tho Roumanian Parliament. It} , ne Bot 900 is stated that the Russiana aro forming | Circulation of new banks. $0! 000' 000 $145, 000, 000 40,000, 000 dveree. TESTE! Jar Coni dotph and 11. ‘Third De Firat, he fs coneclentiously ood sccond, he is justs aud Gnally, ho ts fearless in the execution of nay thought which he believes to be right. For while he will encounter «idicuitice, an te bas al- ready done, out they will come froin the politi- clans, notthe people, Inthe end it fe my belief that he will prove biineetf in all respects one of the inmost popular Presidents of the United States who has over filled the chatr. Gov, CHAMBERLAIN might learn wisdom from Judge Canrenter. ‘Tho announcement that Mfr, Sasven J. 'TipeN has dotormined to abandon politics has scarcely that quality of news which war- rants ntranamiasion by telegraph. It ts a anan aeneLasenemmna pretty generally uuderstood overywhere that Probabilities: North winds, with clear or | Mr. Tinpen definitely retired from politics partly cloudy wenther, at tho close of bin desperate struggle to get aoe —— the office of President, to which ho had not Ureenbecks at the New York Stock Ex- } boen clected according to tho laws nnd forms change yesterday closed at 912, that provail in this country, This failnro SS alone would pretty surely Icad to his retire. St. John, froin the account of the Rev. | ment from politica both as n candidate aud C.J. 'Envsnri, is not so badly off, after | a manager; but, added to this, is tho special all, Her insurance money will rebuild the | disgust which lis party conceived for hin town, cod the sufferers have beon amply | daring the campaign, aud the ugly circum. provided for Ly tuo donrtions of other cities. | stauco that his nome Lecame seandalously ani Sooner gee eee ee involved in the effort to secure an Electoral : ‘Tho possibility of an alliauco between | yuig Ly bribery. Noman whoso name has Roununia and Servia ia semil-ofticially Fecog- | hind such an aspersion na this cast upon it is nized in Russia, und it is believed that such likely over agem to appear conspleuously in au alliance would not affect the guod rela | Asorican politi de ices of tious now exiuting Letweon Austria and Rus- ae Leia iauina anes bin. SS Tho Pailadelphis Press pays an elegant tribute to tho memory of 8teruzN A. Dovonas, fn connection with the recent appropriation for kis inonument, by showing what he did in lus lfe- time for Chicage and Hijnols. “Tho Ilinols Contral Road,” says the J’ress, may be called the real Dovatas monument, and when wo ro- fleet that thera arc ten powerful trunk tines bringing freight and passengers Into the City of Chicago, and, including branch lines, that twen- ty-six raflroads contribute directly tothe growth of that city, all the result of s Jittlo more than twenty-threc ycars of devyelupincnt, wo may have a faint idea of tho stupendous energics of Breriten A. Dovotas in pushing theJand-grant through the Congreas of tho United States, twenty-soven years ago."? ———————__ Long Island is not cons{dered a happy place for ministers of the Gospel, and it would seem to require more musclo than rightcousness to secure peace aud holy calm. Thu Rey. Wniaut, of the Congregational Church ot Northville, has been subjected toa theological Ku-Klux visit, asitwere, First the Trustecs fired him out of the church, and upon his retreat to the parson- age they entered by force and threw himself, furniture, and wife out at the windows. Tho Trustces, etill with their sleoves rolled up and thelr cycs Hashing, advertise for another man of Gop, and Want him brought on by the score. Verily, Satan's policy fs that of offensivencss, for hath he not established troops at Northville, Long Island? —<—— For years Waantnaton Bows has fought the Cuasm family through tue courts of New York for possession of the famous JUMBL cA tate, Almost every Judgo th the State has had some branch of the case before him, and tha files of the New York papers aro marked with {tems relating to this cclebrated Htigation. Bowen claimed to be a natural son of Madame Sumer, white Cnasz claimed under 5 niece of the womgn whoso Ilfe was as remarkablo as the legal fight that les followed her property. At last Case took the matter to the United States Supreme Court, where be has at length rocelved adeclajon In his favor, to the ineffablo disgust - not only of Bowsn, but also the counsel on both sides, a th = Every dispatch from the theatro of the Tho little girl, Aurce Corrs, who was wis | yugian uprising details somo act of bravery taken by Aursanpen Uvny for a Chineso | oy the part of the half-alozen soldiers that Inuudry, on the Fourth, ia dead. Huun is compose the ‘tanny,” and here and there iu the hands of the -anthoritics, and it re- convey the welcome intelligence that a red- mains to Lo seen what will bo dono with this | .in hay been killed. But in the main they rialignantly-caroless viulator of tho law. prove a wofully bad stato of affairs, and ssition of Evel a abe h demonstrate that the Indians are becoming an rane rer Rea more and more emboldened by tho ridicu- gland will not permit Russia to take Cou- Joniy small fores opposcdl to them, and are stuntinople.” Princo Dissancx to Lord gradnally encronching upon the Hanke fertile Rurser.--" But tho occupation of Constau- and promising portions of the ‘Territory. tinople is the only way to accuro the ends Tw fact, the situation has become startling, for which tho war was inaugurated." Joserit has developed no little ability aya strotegiat, nnd all his movements are crowned with the king of success cmincntly cnlcu- lated to induce bands, no far friondly to tho whitay, to joinhim, His forays are always rewarded by large accessions to his already immonse capturea of live-stock, and when- evor ho js drivon from ono position it is tua better, ‘Though his forces sro but little larger than those of his enemy, the edvan- tage wo far is portenlously on his side, a second army, to be commanded by the Grand Duke Viaprsin, which will nd- | eas greenback voli vanco in tha direction of Sophia, and thore- Gizene: y, January, 1870 orn WAL Ne be ore ieekesF cart meal Hero would bo an oxpansion of tha cur- shonld be trie, thlandvanco will ba of the, | Foney to thelextent .of 980,000,000, ani. the utmost importance, og Sophin ia in direct aa *. baer of Ustioree railrond communication with Adslanople and a bis Noobs bi rer ee go! cm, contin Constantinople, ‘Tho danger of tho situa- of slid nest, woul a mate pols etrouiation tion to the Turks is shown by the manner in a th p Hacks etl see Ie, which they are hurrying up troops from and tho groenbacks proportionately decreago, evory‘aqunttér. toc oonfront. tha: Ttusslan ads until the latter ond tho silver and the bank eos Tho army of Suzerwan Pasma ro- note would havo equivalent value, and gold contly engaged with tho Montonogrins, tho been of vances ettle slowaiito: the ‘same. forces that wera orderod to tho Grecian 8 Chicago: Thales, which haa no-very frontier, and ovon tho Arablan troops that clear ideas on avy subject outside of the rocontly arrived at Smyrna to reinforce tho tones of srlifeh it has. conceded. monopely, Asintio Turkish army, have beon hurried over | ; oe: aor aes ont Jor retaption can be to Constantinople to join the army in Bal- Ana dat 3 th she nics the eee garia, With such a gathering of the hosts of ‘hat ine "Besrotiny at ihe ne It i he war, it will soon be impossible for either Jato con tract with ike ‘Byndic area roe side to move without collision, so that stir- fal for th rf i a ae aE ring news from tho vicinity of tho Quadri- vision. for. the: cnonimulation “of” probably 200,000,000 of gold ab th di lateral may bo looked for heforo long. Geeta of the Secksuegs The contrast THE RESUMPTION LAW. was to soll 4 per cont bonds to take the place Wo had somo romarks a day or two ago | of outstanding 6 por cents, and this will concorning tho imposuibility of rosuming | not accumulato n dollar in the Troasury. specio payments in January, 1870, undor the —_——— Reaumption act without furthor logislation | Some of tho Now York newspapers outside modifying that act. Wo pointed out that the City of Now York aro criticising tho re- under tho law, as it now stands, the green- duction of tolls on the Eric Canal as an in- backs are to become redoemablo in gold in | justico to the people of the State, because it Ionuary, 1879. No provision is mado for | seems probablo that tho entiro receipts undor any other currency to tako tho placo of tho | the present tolls will fall $500,000 short of greenbacks. Silver is demonetized, and, in tho amonnt necessary for the maintenance viow of tho approach of resumption day, the | and repairs of the canal, The receipts for banks are gradually rotiring thelr notes, the month of Jano were $100,043, as agninat ‘Wo suggostod then that the country would | $207,276 for the corresponding month of last not tolerate the contraction of the ourrency | year, and since tho opening of navigation by the retlroment of the greenbacks and there has been a decrease of over 50 per cent bank notes, leaving the public with no form | in tho earnings of the canal. Estimating on of money but gold. Woe pointed out that | this basis, tho total earnings of tho season to attempt to reduce tho businoss of this } will searcaly be more than $900,000, whilo it country too gold currency exclusively must | Toquires $1,260,000 to pay the expenses prove to Le a failure, and could only be suc- | Of keoping tho canal in good coniition, cessful by tho destruction of overy substan. | But it is unreasonalle to account tin interest m the land, Specie payments | for this falling-of by the reduction can only bo resumed by private capital ope- of tolls; if the receipts have so far been rating through the ordinary channels scarcely 50 por cent of what they were last ard agencles of commerce, When tho | year, they might not have been 2h per cont country geucrally resumes, it will bo if the old tolls had been rotained. In that nn onsy task for the Government event, the railroads would have been able to todo thu same. Had the Govorument re- |. compete with the canal, and would have car- moved ita arbitrary and unwise restrictions, | Ted pretty much all the grain that wont for- the country would have resumed specio pay- ward, whereas now thoy do not oven try to ments years ago, It was to the interost of compete. ‘he real reason why the carnings production aud of trade to. have restored | Of the canal are so stall is becauso there is specio payments long uince, but the prohibi. | 2° such forward movement of grain as there tions of the Goveruinent bavo stood in tho | a4 last year, and would not be no matter way, ‘There must be a paper currency in what the rates were. This ia sufiiciently tho United States; it inust bo either nation. shown by the fact that the recoipts of wheat al, or bank note, or mixed. So long us tho | St Obicago and Milwaukee during May and Government issues notes which aro a legal- | Juno of this year were scarcely one-fifth of tender, #0 long will the whole papor cur. | What they wore during the same months roucy be deprociated. ‘Tho Goverament | !sst year; on this basis the decrease of the cannot maintain a poper circulation at par, conal earnings {s still not one-half the de- Fitznvan will have it that thero was some spirited “appropriating” dono by the Democracy of the Forty-fourth Huonse among the Louks in the folling-room. THe made an inveice, showing o heavy deficiency wheu ihe Reformers got through, and is prepared to slick to that invoies, Ho threatens to be beard from anon ———— When lovely women stoops to pick up a chair, ft is time for the male of her species to move out, The Inoxnso.t-ILarus row in Now York took a funny twist the other day, InoRRgoLL stabbed Mares for alienaring his wife's affec- tlons, and, fearing legal complications which might culminate in a cell, went to see a lawyor. Mrs, Inaensou, dropped in, and, recognizing ler spouse, took a chair to bim and walloped him well, The chair was taken from her, when sho went in with ber fists and pounded him till ho yelled for mercy. A great scandal has arisen out of the case, but Mrs, INasRSOLL has changed the tide of public opinion by tho thrashing she adwlulstered to ber husband. — Gen, Onp and ‘fravino havo shakon Lands geross the mnddy chasm of the Rio Grande, 'Upaviso asks only thet Texas fill be restruined from crossing into Meaico, uud Orv promises such restraint, at tho same timo notifying Travixo that tho Unitcd Statcs forces will follow the Indians anywhere, Everything is thus lovely bo- Sister Republics,” to the intense of tho annezationiats, For tho best and finest display of smperb cheok the belt is nwarded to the Montreal Catholics, Ata meeting of representatives of the national societies yesterday, a resoln- tion waa adopted oxking tho Orangemen, ‘a8 Christians,” to forbear parading to-morrow. Said President Devurn, of tho St. Patrick's Society, in addressing his constituonts : * Our object is to provent the unhappy con- flict impending on the 12th of July, Wo havo lived iu peaco and harmony for half a contury, and it would be a great calamity if that harmony shall be disturbed now, ‘Tie cauu ix serious, for, if the procession takes place, violenco will follow and lives will be sucrificed.” In otlier words, Catholicism ro- marks to Irish Protestantiam: ‘* We want to avold bloodshed, but if you show your heads wo'll wipe you off the fac of the carth.” But tho threat appears to have had the de. sired effect. Itather than put their encmica to any trouble, tho Oraugemen have agreed fo forego thelr march, and content them. selves with ou unpretentious celebration ina church, much to the reassurance of tho police, who had been ordered to stny awake allday and whoot off breech-londing rifles whenevor an opportunity znight atford. —_—_—_—_—_— ‘Tho Attorney*Goneral reituentes his declu fon that the Departwents are by law forbid- den to pay for advertisiug more than the rate of forty conta per 100 words fur the first insertion, and twenty cents for cach sulscquent insertion, ‘This ls equivalent to about cight cents por line,—o gure whick practically debars the Government from printing advertisements in any newspaper of suflicicut circulation to udvertive anything. A terrible refigious commotion has arisen ix the Chinese district of San Francisco, precipi tated by the Rev. Swane Bona, who ts on trial for heresy. The Rev. Buna is rather moro ad- yancod in his views than the majority of his lock, and, having Imbibed somo Calrinistic doctrines, stralghtway pitched into hia nelgh+ bors’ Joss, whom he characterized as a horace thief, This apostasy excited as much attention as the heretical uttcrance, and the clders of the abused congregation have sent the matter to the Synod, which, aumfd loud explosions of tro crackors and Louibs, suspended the Rev. Buna until the meeting of tho General Assembly, which paudcimonium convence in a few days. 5 emaudous pressure has beon brought to bear npon thu Pennsylvania Stato Board of Pardons in behalf of Frans Beas, o Democratic politician of Luzerne County, and formerly Sergeant-nt-Arma of the Btate Scuateu, who was recontly convicted of for- gery and ctubezzlement and sentenced to four years’ imprisonment, Tho Board re- fuses to consider the matter until Boptember, and the Reformer yesterday withdrew from active participation in politics, ABSt. Poteruburg dispatch annonces that a Turkish fleet has commenced the bombard- ment of Enpatoria, situated on tho west coast of the Crimea, about seventy miles nuith of Sebastopol, Itisa city of about 10,000 inhubitauts, and a place of considera. Lie trade, The old fortittcatious are not of # very commanding order, but it is to bo presumed, from tho exposed situation of the largo harbor, that defensive works have beca Luilt siucu the opening of hostilities, a ‘The redemption of the nasty, greasy, ragged Httle ebinplasters tn shining silver has proceeded as followssinco the redemption of the fractionals in sliver began, fourteen tnuntha ago: Outstanding Ledeemed ib of durin To the Editor of The Tribune, Panusn City, ., duly 10.--What was the prins clps! cause or causcs of the War of 18lzr Was any concession wade by (ireat Uritain asa reaal’ of that war? When did the right of search claimod by Great Britain cease, end in what woyt LW. The cauees of tho war were tho arbitrary com demnation of American vesaels for alloged vio- lation of the neutrality laws; the English block+ ade of the coast of Europe by au order lu Coun- cil, tesued in 1800, and the enforcement of the British right of search for suspected deserters on American vessels, The Treaty of Gheut enunciated no new principica fa reapect to any of trese questions, but Great Britaln never al- terwards attempted to cxerciss siuilar rights, passin schon * Mr. Davin A. Watts to! jong ducking gua to fire into the flock of ailv wand Iunles. io putina small charge of powder and of very fina whot, and then ho rammed down wad after wad of reasons ageluet silver money till be had Blicd the Datrel to the muzzic. Then hoe put ona back-action cap, which dred off bis gun through the breech Sud laid blm out apriwling, He did this suoart feat vy the following aasettions near the close of bis vuluuinous letter: If allver ts bow remonetized; and espectally tf It ls ‘Uhat marine evangelist, the Rev, Capt. Burpy, has secured unto himself a now Gou- pel-ship, in the shapa of aschooncr-yacht, with which, for a mediuns of trausportation, he proposea to speed the love of Gop and knowledge of Cogist among the benighted fishermen of Michigan and Wisconsin, For soveral years the converted galt has bestowed himself on fresh water, alternately gratifying his pession for tho crested billow aud casing his religious fervor among fellow-siuners not so well endowed either in the matter of Gos- pel or manner of speech, Thousands of Testaments aud myriads of hymnn-books have ‘Deen seattcred up and down the coast, aud tho waters of Laks Michigan have been quelled into pious attention many a time by the burnicg words and devout prayers of this disciple of Peren the fisher. Lut thera isanelement of modesty in tho nature of Perc, Hy CEoeseee eae PRRSSRESSISEs ro 803, 723 i. Tn addition to redecmlyg $20,450,003 of the fractionsls, the Government has exchanged about $12,00U,000 of silver for greenbacks, so that there has been no contraction of fractlonal moncy, but an expansionthercuf. Thero snow fu circulution about’ $33,000,000 of subsidiary allver. A Cloveland mau comes forth with a tor- qedo, described as one of the most wonder- ful war engines of the age. It is automatio and is guided from shore or ship- board by en clegtrical contrivance op- - —<————— Tne prospect of a revisivu of the commercial treaty between Enylaud aud France ta creating crated by keys, ‘Tho inventor | COPE Bove not sulliciently appreciated | cqualization of the gold aud silver dollars ; | becauso it cannot redcein it on demand and | crease in the et a whipped, more Sarg Sub TeattraPied ane tieaiy begat Hig sil op pe Resdrvly nstauce tovar wis gad eal lies a lurge order from somo foreign Power cone ee HS salalorens: Hid Dut, oven if thix be dono, the timo is proba. | relusue it without again suspending epecio re- withstanding the reduction in tol the part of the manufacturers of the Belne Lo- | By wscusrece bis obiigatiogs In elther wold ot all- : * . bly not far distunt when it will be uccessary to Gx tho ratio at fifteen and one-half of sil- ver to one of gold in order to keep tho silver dollars from becoming too valuable to circo- late alongside tho gold dollara, ‘The silver question isa very simple one, divested of the sentimentality which tho monometallists are seeking to impart to it Experience bas proved that thoso countrics which use both metals for circulating pur- poses arv blo to keep thein at par with each other by adopting the mean relation of which hu rofuses to name, but which is probably that of the Nez Perces Indians, and is intended for damaging United States yawls on the Salmon River and Vitterroot Creek. 5 A good deul of complaint is made by par- ties in the grain trade in referenca to the inuction of the Governor of this State in the uppointment of o Grain Inspector. The change from ono Iuspector to another may ta occompanicd or followed by material demption, Before the Govornmont can with- | uring the year 1870 the reports of the Brit- draw the Treasury notes, it must providesome | 4g), osrd of ‘Prue show that emigration from other curronvy thax the moagro sum of gold | Great Britalu into tho Lulted Statea was 54,554, it can purchase, sud the immigration into Great Britain from The currency to which all other nations | the United States durlog the same year (1878) resort, and for which no substitute has over | His Bh syne ie Ania Laer ere a f bee fou ate aROFY eat. bask Lae Britain. In respect to the emlyration from y spaendes enue orvinary | Great Britain to Canada, tho sane report states paper is profitable to the capital on which it | i054 bas fallen to the smallest dimen- is issued. Whon the grocnbacks are with- | gious, i: it has uot altogether becn sus drawn, the laws of trade vaturolly suggest | pended,” aud that, in fact, the records thet their place be tilled with bank nutes | of Is7d are recurds of a movement of pasévue “fenlonetization of allver tu the United States will therefore, Unduubtedly bring silver ty par with gold (a ct by world, aud Ie will Inuy way DLeneut the cebtur, if be cou henedt thy oppot tunity 60 pay ulé debts Ln valu F celve ‘This kicky over all his reason» against v!lvet muney, ond would wake full munctization of silvet ublesving to bw devoutly wished. If it were tus that our full wonetization of silver would bring tu parin thy open warkets of the world. as (iis great Guancler wdlrmy, thea sliver and gold coald Circuluty togetber un equal terms, whicn they Hes er have been wads to by equal wionctizutton wy (his or auy country; then there would Le no gifezence fu value to drive vut one oF the ulucr; then silver payment of tne bonds would be gold paymenti then sllver could be added tu full to gutd to 1: Geeuae tho aut of epccle. Bebvld this gold Dataset ferieure, a delegation of whom receativ waited upon President MacMauow. They represunted that if Engilah goods were shut out from France, Fevych industry would revive, that En- gland will not receive thy exports Frauce has to send, that @ Hberal commercial treaty woulde be the rulaof French manufacturing industries; in general, tuey went over the samme ground of argument as our ows Protectlontsts. The Lop- don Tia, tn discussing the question, remlods the Seiue manufacturers that they forget the English cau take away nothing “except with ‘tbe consent of those (rom whom they obtain it, ing upon @ uew mission of conversion with a new yacht of Grace, which cleverly opproximates nearly all media of salvation in that it haw not been paid for. Spon the new venture thero is an indebleduess of $600, which must be raised before it can be liquidated, ond Capt. Buspy, not to be under obligations tu the world’s people, bas placed the tuatter in the hands of the divines. It is to be regretied that the im- pious abip-corpentes who built the boat