Chicago Daily Tribune Newspaper, July 20, 1877, Page 4

4 Ghe Tribrare, TERMS OF 8 BY MAIL—I% ADVANCE—POSTAGR PRE! Datiy Peition, ons year, Paris a year. per ino Mailed to any adres Cour wre Paitior Literary ant & Bunitar Double sheet ray Baturday 1 tit Rit Ay} Weekly, 00 Varteot ay 0 we One copy, per 8125 Cinvol Ted ‘ Cinb of twent ‘ 4008 | ree. mistaken, be eure anit aire Post- fneluding State and Courts. Ren:ttraneee may he made etther by draft. express, Post-Omer order, ur in regiviered letters, at our titi, TENMS TO CITT 8 nS, Dally, delivered, funday exe Vatly, delivered, Sindee Incl Addrers TNE VRTE Corner Madiaon ar Hooley’s Thentre. Mandolph treet. between Clark and Lasalle. Ene gazemment of the Unton Sanare Company.“ Les fehafts.” SMeaere, Thorne, Q'Nell, Stoddart, ete. M dames Fanny Moriot, Sara Jewett, Katharine Rog: era, etc Adetphit Theatre, Monroe street, corner of Dearborn. Novelty, farce, and pantomime, Meests, Pat Hooney, E. Me Afoil, Mavtiit, ete.; Meslames Larkelte, Adah I{ch- mind, ete. Exposition tritding. Lake Shore, vot of Adame street, Summer-Nieht Featival by the Thomas Orctwatra, HOME LODGE, Cymmunicattos ne gree, Visiting brett the Master, N. Z. MERUICK, See's, a A. F. and A. Mo—=HHall, imintealton this (Friday) wk, for husliest and work aw Ue Visitors curdinily Insited. ity order of JCREIL Bee. FRIDAY, JULY 40, 1877. CEIUAGO MARKET SUMMATY. The Chi ‘o produce markets were ters actlye yesterday, in the aggregate, with moru etrength in provisions and an cusicr feeling in Wreadstufla. Alese pork clos 20c per br} higher, at $13.35 ia Cand SUAGG UAT for Sep- tember, Lard cloved 20c per 100 Ibs higher. at S.05G4.072 fer August ond $9. 1243@0.15 for Septeniber. Meats were stronger, nt Se for loose thoulders and 6%@7¢ for do short riba Lake {rcight@were active and eyeady, at 2c for corn to Hntlalo. Mighwines weto ‘strony, ‘at $1.03 per fullon. Flour was dull, Wheat closed Sriner, nt $1.40 for July and 31.26'§ for August. Com closed tei 1¢ lower, nt AK%e cash and 48c for August, Unte cloged dult at SL1;c cash and {alge for Auzust. Itye was tame, at 80c fur duly. Bure Jey was nominally easter, at WGeTRe for new No. Reetler September, Hoga were active, drm, and fie higher, closing strong at $4.00-25,10, Cattle || Were moderately active and firmer, with sales of ' poor to.choleo graiex at $2, 75G@U.00. Sheep were quoted easy, at $3,00025,00. Une hundred dollars in gold would bay $105.50 In greenbacks at tho clone, Greenbacks at the New York Stock Ex- change yesterday closed at 95, A Paris dispatch anponncea | that Oct, 1£ bas been fixed for the date of the elections that aro to deterinino the futuro of France. — A continuniion af cool wonther, with o bare chauco of occasional showers, is the bill underlined for porformancy on the weather- Loards in this region to-day, ‘Timid citizens who rotiro nightly in fear of an invasion or insurrection. whonid read tho official report on the recent inspection of the Firat Regiment, Tho Inspector-General accords all praise to the organi: ation, which, if it has attained the stnndard claimed for it, might be cfleacionsly turned Jooso agninst the Bridgeport stinks, é Mr. Foszunt Coox held fo rth at Lake Biuft yesterday upon tho Cc stainties of Ree ligion” and tho reward: , that follow fad, upon a lito of pigns + egnrd for tho Com. qwandments of the A’ tuighty, In styla, tenor, and illustration’ yiy speech was sitnila ¢ to thatof tho day ly jfore, aad tho scheme was based almost ent’ aely upon tho existencs ant operation of cor science, No new light } 4 thrown upon England's Present position ¢ gd future intextions by the colloquy iu the T jouse of Lords Inat evening between Lord $ scrarmenex nud Enel Dean, So fm axcan by gtoened from the statements of the latter, fngtand's policy ia to look un whilo tho cov textanta tire exch othor out, anc at the lant w ind-ap be in a position to die. tate terms« ft pence. Hf, however, it should happen tht Rusia wae fresh ond vigorous atthe dnt 4h, aud. feeling extra stroug in the flash of victory, some diMeulty may easily fine NM mamtainivg the divtatorial role thet Eaglan 4 js so foud of awaming. ‘ —eereteerennerrmemnet Wy pupnand bis merry meu havo nvane deny dwork on tho Caurt-House, Waren con! ia't pay and the merry agen Tnughingly ref aged to work for nothlag. ‘Uhero hoy beon { goneral Ineck-off among the cutters at the Fo emont quarry, and ag there is no stone farainhed at thiv end tho voliicking layers coull not operate, It lax boon generally understood that Wangen was depending on his Di}of 392,000 for “extray,” whieh the Hing has been afraid to allow, What ho has done with the 372,000 already paid’ him is uot apparent, bnt thero is some concolation in the fect that he has dono work up to that Amount, and the taxpayers will net be in. fured by the failure of himself and his roy- stering bladeu, x There in a repotition of the story that Mauaotn Itxor and Anpri Kynrsst have sold athe whole Turkish Empire to the Rus- siaus through one Annamast Pavha,—which iu to alarge extont believed in Constanti- nople, though there is nnother falth that they havo contented themselves with con. trolling the bestowal of commands, which they have madu to secure certain personal ends, ‘Tho Sultan evidoutly thinks himself in hard Inck, Ho spands his tine in his telegraph-roomn Airing electricity sround at his various Pashas ond tho like, notwith- standing the fact that tho rude hand of ev "hos spanked hig finer senaibillties and left his impress on “ his pale, weary face, and languid gait,” ‘There ia no expoctationin Washington that any inember of the Netlonal Republican Connnittee will atteinpt to reuist the enforce. iment of the Executive order relative to Fed- eral ofticers. With the possible exception of Assistant-Secretary McCoumicy, who is said to be desirous of retiring from his position in the ‘Treasury Department on necount of its exacting duties, it is probable that all members of the Committev affucted by the order will readily decide to retain thuir Gov- ernment offices und to resign their mewbor- ship in the Committee, There suems to have ‘Leen uo foundation whatever for the report that cither Mr. Coxnenn, of New York, or Postmaster Frizzr, of St. Louis, would re- fuse compliance with the ordor. It is anuounced that the Spanlal: Govern- ment is about to send 25,000 soldiers to Cuba to asajst Gen. Mauttxcz Caspos in re- peatiug bis previous failures. Discase, de- sertivu, aud the bullets of the insurgents have about used np tho Inst shipment, and reinforoomenta are called for. It ix getting to be gnite tho regnlar thing, this annnal depiction of the army at homo in order to keep up a show of resistance to the Caban patriots, who are ns far as ever from either pacification or subjugation, The only peo- ple to whom this state of things is satisfac. tory and comfortable aro tho select fow who are moking money out of the special privi- leges which the Ilome Government farms out whenever it is necessary to raise tho wind. The very excellent advice issned in the form of a aeries of resolutions by the Central Council of the Labor League of the United States shonld be read aud carnestly consid. ered by overy trades-nnion or Iabor organl- zation in America. Its wisdom and prudence might well be the gnide of the workingmen in the place of the ovil connsels that have nmiainly prevailed among them, Not violonce and disorder, but coolness aud moderntion 5 uot brute force, but moral ngitation; uot the headlong commission of unlawful aud crimi- nalacts, not riot and disturbance, Int pa- tience ands respect for law and liberty,— such is the tenor of the appeal of the Central Council to members of the Labor League thronghout the Inud. ‘Tho nddress is as timely os it is in overy way commendable. Along the lino of the Haltimore & Ohio Railroad the strike has becomo general, and now extends to Parkersburg, Benwood, Co- lumbus, Newark, and Chicago, but the more threatening demonstrativs have ceased. ‘The appearance of United States troops at Martinsburg lad a salutary and cooling offect, nnd the breaking of the blockade is esteemed by the Company the breaking of the strike, On the Vennsylvanin Central there are signs of coming trouble. A doub- ling of the mnnber of cars and oxtension of arin without tho addition of train-crews, has created disaffection, and the men refused to work or parmit anyone olse, but it is prob- ablo that the action of the President in send- ing troops to Woat Virginin will have o de- pressing influence on violence elsewhere. An investigation into the allegations of cowardice and neglect of Col. Penny, who was Intely charged with refusing to reseue o band of citizens attacked by Indians within fhort distance of him, proeves tho whole yarn to have been lie. It was originated by ono One Monuuz1, who slunk behind the fortifications at Cottonwoqd and hid hitnself until tho fight was over. Penny, whose troops were surround«d and outnum- bered by the savages, sent no force to the nid of the struggling citizens, and rescued them, though the life of every man, in the con- inand and all the ammmition and stores wore endangered by the nttompt. ‘Tho chargo mado ngainst Pzrnr by the skulking Monette had been generelly accepted ns truthfnl, much to the detriment of a repute. tion for bravery in hard tattle by a truly plucky man, “Taw is au exact seioncey” remarked an eminent Hnglish jazist on ono ocension, as ho paid oa two-pound fine for. fostalriving over a bridge; and now comes Chief Jnatice Aaxew, of the Ponnsylvan‘a Supreme Bench, to tastify to the rigidity of leyal principles whon atrictly applied. 'Chs Judgo is a sporta- minn, and a few days ago he Lenged around with bis little gun until ho had bagged two. birds, To was arrested, dreggod like acom- won lawbreaker Lefora a Juatica of the Pence, and, despite hia ungnestionnbly truthin] plea that he know nothing of tho statute against shooting game ont of aeeson, was Mined 210 for each bird, The dispatch convosing this intelligence says ‘tho caso jan subject of animated dincnasion in legal circles,” but whother tho discusston is on tho limited fine or tho intonsity of judicial ig- norance of the gamo law, is not manifest. Tho bad failure of several St. Lonis sav- ings banks has uatarally resulted in produc. ing s certain degree of apprehension among tomo of the Chicago depositors in savings Danka, On ‘Tnesday a number of porsons wont to tho Rtnto Savings Bank and drow thelr money, ‘Lhe news of this action sprosid from ono to another with tho rapidity of all rumom of a ponicky kind. Nest day, Wednemlay, several hundred nervous, seary- people went to tho bank and drow out their deposits, ‘Thelr timid conduct began to act fou tho fear of depositors in other savings vauks, for there is nothing so unreasoning ns people who have monoy in savings banks when thoy heer rumors and roor- backs whispered about among their class, Yesterday tho Stato Savings Bank, fooliug annoyed by the collection of crowd of per- sons about their doors, gave notice of the thirty and sixty day rulo to depositors, About nine oul of ten refused to give the notics and went away; sone oxked for o stanll pert of their deposits for current uso and reevived the taoney, ‘The Fidelity and tho Farmers’ & Mochauies’ also demanded tine notice, but thera were very few who fave ft. Tong bofore the thirty or sixty dayd arrive. tho sara will die out, aud tho desire to withdraw moncy will esase, What would thoze poople do with their monoy if thoy had i? ‘Chey would hido it somewhero util they recovered from their misappre- hensiona, and then they. would carry it back nad redeposit it for tho enke of safo keeping and interest, ‘There is 9 great howl made concerning bad faith supposed to bo involved in postpon- jug the dato of redueming the grooubacks, As one of the New York papers puts it, tho nation pledged ils honor to redeom the groenbacky on a day fixed; tho date for re. demption is tho essence of the pledge, and to postpone the dato is a gross violation uf both the spirit and letter of the pludge. Ase suming that there was .a pledge, to whom was itimade, and by whom? ‘The American. poople owe these greeubacks and at thy sane timeare tho holdors of them. It is, there- fore, mere question whether they whall tux themselves to buy gold to roe dvem greenbucks, and thon pay the gold tothemselves; und the stain upon the ua- tional honor cannot be very doop if the holders of the notes declda thet if, instead of payluy themaelyca gold for thelr own notes, they postpone this operation until cir. cunstauces afford o better opportuuity, ‘Thoy have tho yreonbacks now; the guld is difficult to get; there may be difticulty in keeping it; but they have somo form of cur- rency, and therefuro until they can find o substitute for grecnbacks, and to an amount that will give an assorance that there will be no famine in currency; they will postpoue toking up their greenbacky. ‘The Philudel- phia Jaguirer happily illustrates tho absurd- ity of the “pledge” busincas by saying: ‘Tue greenbacks, aside from thelr function os meney, are evidence of a debt owed by the Amerl- yan pouple te the American people. and the ques- thou of when the American people whall transfer values fron: one pocket to the otter, by making erecnbacks redeemable in cotn, fa exclualvely for tho American peyple. consulting thelrowa coed, THE CHICAGO TRIBUNE: FRIDAY, JULY 20, 1877. lodetermine, It tsasif tho members of n dress reforza club whould cn New Year'a Day dec resolution that, on the 1th of April. they for their own health and conteniener, reanme light summer clothine. 4 when the day of ree simption arrived, a nurcheast enow-storm pre- ralted, with strong indications of a tomade, they would hardly be denounced as promice-breakers if they consulted n wise expediency by postponing resumption until better weather. THE RAILROAD SIPIKE. ‘The old story of the conflict between em- ployera aud employed is once moro iliustrat ed in the strike of the employes of the Bale timore & Ohip Railroad, and it is*the same old story of the necensitios of the employers andthe inconsistencies of tho employed. The Baltimora & Ohio Road, in common with the other railroads of the conntry, was recently compelled to reduce the wages of certain classes of its employes 20 per cent. Tho rensoti is obvious. No clars of Insiness in this conntry has been so broken up. and paralyzed’ as railrond property sinee tho panic. There has been an actual loss during the past three years of twenty-two hundred mmiliions of dollars, a sum greater than tho whole bonded debt of the United Statos, This property haa been literally swept out of the hands of its owners, ‘The enormous extent of this loss may be appreciated when we contider that if alt thebanta in the coun- try should break, one-half of them paying nothing aud one-half 20 cents on the dollar, it would not be worse than this terrible shrinkage of railroad valtes. Tho Balti- more & Ohio Railrond has not been an exception to the rule. It was supposed to be tho strongest road in tho country. It was conservatively, carefully, and prudently manngad, Ita hond- ed debt was small as comparad with the valno of the rond, and every one supposed it would be the very last to fecl the effects of the hard times. The vyent has proved, however, that it ix no exception to other roads, nud that the sane preasure brought to Lear upon it produces the samo effects as in the case of other ronds, Its earnings, re- ceipts, and profits have fallen off, Its stock has depreciated one-half and is going lower, When once 6 great corporation is down, there is little popular sympathy for it; on the other hand, there ara pleaty to kick it, ‘The falling off in the goncral business of tho country has been followod by n falling off in the business of tho rond until its valuo is squoczud ont of it, In such an emergency thera is no resource left but reduction in avery depurtmentof wagesto meet the reduc- tion of business and to save tho property. Of course this is severe upon the employes of the Company, but it cannot be helped, and their present attitude is not going to ro- lievothom. If these mon think that they can’t tnke tho wagos offered them, they can step out and let others take their places who feel that they can Jive upon the wages, They cannot compel the road to hire them at any wagai, with all the force they may cmploy, nor can any one else un- less thoy fire ownera of tho road. If tho Company nhould q:duco their wages to o ceut a day, they havo but one privilege in the preiises, They have tho right to ask for an increase, and, if the request is re- fused, they havo tho right to step out. ‘Thoro is no law that fixes their wages, ‘There is no law that can compol tho Company to hirothem, Thoy have just tho sumo right to compel the Company to hire them at largor wages than it can afford to pay that the Company has to compel thom to Inbor for lossy wages than they cantive upon, When the tines improve, business increases, and thero isa demand for mon, wages will. in- erenso, but when tho timos are bard and business docroasos, and the demand for men falls off, then wages 1nust fall off or the road thust stop running, ‘Thare {4 no help for it, and it would bo just as consistent for tho Company to turn out aud mob tho employes for asking an incroass os it ia for tho employes to turn out and attack tho Company's property, aud mob those who aro willingto work becauso the Company ro- fuses toincrenue, It is an interference not only with the Company's operations and the right of those who aro willing to work, but also with the general busiuess of shippers, which cannot betoosevervly criticised or too sumunarily stopped. ‘The reduction of wages by this partionlar Company is only One of tho effecta of tho hard times, and it cannot bo remedied notil the times grow easicr, ‘Tho railroad om. ployes cannot hope to escape thoir propor- tlon of suffering from tho. general dopres- sion any more than others. ‘They ara not tho only ones who aro required to live upon less wages. Employers aro auffering as well as omployes, aud all classes of laboring mon must expect to feol the gripo of the pressure, ‘Tho farmers perhaps fool it loss than othors, for naturo uever fails to yield her rich pro. ducts, ond it has beon their good fortane to obtain fair prices and buy necessities cheaply, aud yot oven they complain of hard times. In the towns and cities whero people havo invested their monoy in railroad stocks, in vensels, real ostate, and other values that have bean squeezed dry, thore is no hopo of saving the property oxcopt by the practico of rigid ecouomy, and nowhero ia this more im. perativo than in rallroad property. If these discontented employes of the Ballimore & Ohio Road refuse to recognize this condition of their road, and continuo to iinpede thelr operations, thore is but one romedy loft, and that is to put them down by the strong hand of forco os specdily as possible before the Company itself ond the general shipping buslnoss suffers more of detriment, “A NUT FOR INPLATIONIBTS.” Under this caption on editor of the Cin. cinnati Gazette writes from Washington $ In this connections question comes up which some inflationist might improve bis time in an- swering. If money tesascarce as they imagine, why ivit thata4 percent loan can imect with uny aucceatatull? We ult know that a loan beanng that interest could not have been easily placed to the aniount of # thousand dullare weven years ago, Yetthe fnfationiste aud anti-resumpttontsts aro continually pulniing tu the beautifal time when ** money was plenty,” In contradiatinction to the brecout, when money is nut plenty. Yet in the Jaco of this we see a 4 por cont loan readily faken — fndecd, eayerlyavaght (or! ‘Tue foct ts the saucy ceva of thlsloun ts evidence that there ly more idle capital wow than seven years, azo, even If other proof was wanting, If thers wasn scarcity of the circulating medium, usthe tnflatioulste al- lege, you woulda't ree any piles of moncy handed out to by pat inte a boud, for which 54, per cent premium bay to bo paid In currency, and which druws but 4 per cent Interest. ‘This ia hardly loss than nonsense, It is but a fraction, if anything, better than tbe eulogics bestowed upon Sucretary Surawsy’s administration of the finances as 8 cause for the hnprovement in tho national credit, or upon the credit of the Government, which asso rapidly advanced that the world is looking for the uational 4 per cents. ‘Iho amount of woney in the country is uot excessive, vor istho national credit ex- cossively high; the tronblo fs that such bas been the universal distrust and waul of confidence that for two ycars private cupital has beon idle, preferring to receive no interes cut than to invest in hazardous undertaking, It in thi idle capital which, under ordinary circumstances, would seek production in banks, mining, railroads, real estate, mann. factures, and in new flelds of industry, but which has beon accnmulating in vaults and rofos, that has now been put temporarily in these 4 percent bonds. It is not surprising that $70,000,000 has been pot into these bonds, but that there was not more; and if the Secrotary should extend the timo sixty or ninety days, itis moro than probable that threo times seventy millions of the new bonds would ho taken, ‘Theso lonus are practically “on call." It ia. 9 convenient form in which to keep idle money, When needed, the bonds can be converted at most at a small loss into money, Until confidence is restored, until men seo some way for the future, this ser- enty millions of dollars aud five times that stim of other capital will remain’ withdrawn from active industry, The fact is, tho country is in n calamitous panic now. Tho wreck of Jat Cooxe in 1873 was bnt a brenk.down of torribly-ex- panded credit; speculativa values vanished, erodits shrunk, and thora was a general col- Inpse, But the panic of to-lay in even more disastrous, Wealth, in property and money, exists, but it is unused. Before 1873 mon sought investment im railroad securities, bonds; and stecks; money was invested in municipal’ bonds. which were voted to rail- roads hy confiding and hopeful communities ; manufacturers wero busy and miners; the producers of raw materinl found salo for their products, which in turn by aid of ma- echinery and labor wero fashioned into fab- rick, "nding ready sale iu the market. Private capitnl found investment in banks which had no lack of cnstomera, ‘The closo of that panio of 187% left the conn. try with anu abundance .of capital, with Inbor and machinery, and all unemployed,— idle nnd unproductive, Theso Lave remnin- edt idle and unproductive since then aud are so now. ‘No man who has money will in- vest it in any of the ventures that ordinarily attract capital, Instead of organizing now banks, they are closingnpold onos; instendof increasing bank enpital, they aro reducing it; no moncy is offering to invest in ninnufne- tures, and, more calamitous than all, no one secks to invest in renl ontate. Those who hold real estate are not receiving incomes from it; and those who do not hold are not secking to purchase it, The worst form: of paralysis which has overtakon the country is the total and almost absolute suspension of all investments of capital inreal estate. ‘That indicates a stagnation, aud a want of confi- denco ns to the future, which is mora con- vineing than all others. Jt does not tend to restoro any part of this lost contidence to witness the Inbored efforta, not torestore specio payments, but to ac. complish such a wholesale contraction of currency ns will give to gold, becanso of its comparative scarcity, n value in exchnngo er all other commoditios which it has not had for generations, Tho whole policy is divected to oxpel all other forma of cure rency, nnd reduco all the business of tho country to tho liinited measure of exclusive gold currenoy, ‘This Ciucinnati gentleman can find the foll explanation of tho large subseription for the J per cont loan in the fact that private enpital, baving no faith in, but a strong dis- trust of, tho result of our national legisla tion, has not dared and will not daro to ine vest in real estate or in any industrial ontere price, The money has been and is now put away in safer and vaults, in strong boxes and drawers, hidden and buricd, rolled up in bags and stockings, sowed upin old clothes,— honrdod ns so much fuod for which n neces- sity is threntened, and which no mon can tell is how near, ‘Lheso soventy millions of dollars, invested in these 4 por cont bonda, have been purchased by private capital, hith- exto unemployed, which secks this tomporary investment to bridge over the calainity which all beliove to bo near. As tho hour of cone traction draws closer, tho amount of capital withdrawn and hiddon away and kopt ont of sight, and no longer omployed to pay wages, will grow larger; and if the gold-curroncy schemo bo persleted in, tho gold resumption naay find itself precqded oven by the general withdrawal of . all capital and the goueral prostration of all business. DR. HACON TO THE IMPLACABLES, Dr, Leonaup Bacon's lotter in reply to ox- Gov. Cuamprnzatn's Woodstock speech has proved to be nthorn in the side of the Im. placable opponents of President Hares’ Ad- injoiatration, Those who boliove that it wns the partisan duty of Prosident Hares to use tho army to sustal: Craasmzncai and Pack- aup, whether right or wrong and no matter what the consequonces might be, have counted Dr, Bacon and men of his character aud opinions on theirside, Ho is always o radical, Of strong convictions, which ho is accustomad to state bluntly, and devoted to the Republican party with tho zeal charac. teristic of New Eugland, it was supposed that ho and othons like him would join in tho condenination of what the extromists call President Uarzs' desertion of the party, If thero were nothing mora in Dr. Bacon's lete ter than the baro approval of tho President's policy, it would bo n decided set-back for the malcontents; but, in addition to this, bis reasoning is soclear and logical that there has Leen no effort to break it down, Afterexpressing In the heartlest manner his personal sympathy with ex-Goy, Cuaw- pertain, Dr. Bacon declares that the Presi- dent has done just what it was his duty to do, nud that he could not conatitutionflly Lave taken any other course. ‘The Conatitu- tion imposes upon Congress the guarantee to overy State of o republican form of govern. ment; but this iso limitation as well asa macdate, ‘The interference of tho Coneral Government, exchpt in the caves of actual invasion anil 9 call for protection against domestic violence, can only be for the pur- pose of guarantoeing a republican form of governineut, If any Staty should sock to set up a King, or adopt any of the recognized forins of monarchy, it is the duty of tho United States Government ‘to interfere, no matter how liberal in spirit aud operation the new local Government may be; for there would then be an impairment of the repub- lican form which the Constitution requires the Gonerat Goveramont to maintain. - But, on the other hand, uo matter Low muck the casence of republicanism may bo threatoued by fraud and corruption, thero is no gencral warrant of. interference by the General Government vo long as the State has a re- publican form of yovernmeut. In other words, it was manifestly the intention of the framers of the Constitution that the States uyust permitted to manage thelr own loca! affairs within the singlo limitation that they must Le managed in a republican fashion, 7 ‘Then the constitutional provision for Fod- eral intorference in State gffaira (leaving out of account forelgn invasion, which has uever figured in the Southern question) is reduced to the occasion of domestic vio- lence, when the State, through its Legislu- ture or Governor, confesses its own inability to suppress the same. The situation in Louisiana and South Carotina embraced for ench State two Governors and two Legisla- tures, and it became necessary for the Prosi- dent to determine which of tho two was en- titled to recognition. Dr. Bacon holds that, in this case, the President mut Le governed hy the same rules anil policy as would yov- ern the General Government in being com. Pellod to recognize one or the other of two contending claimants to a foreign throne dr other formof government. In such caso the National Governmont cannot pause to oxam- ine who onght to be Governor, President, or King; if it did, its judgment might be right or might be wrong, and it would certainly have to take sides; but, for the purpose of maintaining relations, the National. Govern- mont determines who is the aetual Governor, President, or King, ns soon as that fnct be. comes apparent. So it became the duty of. tho President to determine in the caso of Louisiana and South Carolina, He was not a Returning. Board. He found tho actual Governor of the former State to bo Nicnonis, and of tho latter Hastptox, while Packarp and CaaMpensarn were cooped up in State- Houses, protected by a cordon of Federal bayonets, Pacxanp and Cuamnentaty ne- knowledged that they could not maintain their claims except with tho nid of the national troops; Nictiortsnand Hampton said: “Tale sway ‘your national troops, and our claims will not be disputed.” Tho fact waa not disputed that Nicsouts and Tlamrron were the de sitclo Governors, and it wasthoduty of the President, undor tho mandate and limitation of the Constitution, to withdraw tho national troops, Dr, Bacon aptly illustrates the forco of the rensoning by what is known as the Donn rebellion in Rhode Island, where thero wero likewise two Governors and two Legislatures, and whore the National Governmont recognized the de facto Governor, leaving the people of tho Stato to rondjust affnirs for them- selves under a republican form of govern- ment. This rensoning cannot be successfully re- sintod. ‘Tho action of the Trosidont was constitutional and. right. But for those whose partisan projudices will not permit them to acquiesco in this constitutional viow of tho caso, tho reply still remains that the Pros- idont's courso was imperative. Hnd ho under- taken to maintain the atttus quo—that in, guard Messrs, Crtasmencats and Iaurron in thelr Stnte-JToures with United States troops—beo conkd have carried it ont but o fow months at the furtherest. Tho now Houso of Itepreacntatives (Democratic) would havo refused, like tho old Houso, to vote supplies, and the army woukl have beon disbanded, Thon tho National Gov- ernment would have been without troops: to protect its own bozders, and much lesa re- epond to the call of States for tho ropression of domestic violence. Tho Nictonts and Hasrron Governments would have provailed in the ead; but in the meantime Drenident Hares would have sacrificed the interests aud safety of the National Government to satisfy a partisan obstinacy which was plainly foreordained to ultimate defeat. The London Times thinks that the recont speech of the Mungarian Minister of tho In- terior, M, ‘Tisza, which was indorsed by the Emperor, dotinitoly settles the queation of Austrian neutrality. Whilo the Austrian Govornment may think it necessary in a cor. tain omorgency to ocenpy ‘Turkish territory, it will only be for tho object of regulating tho settlement of tho frontier provinces, so that the new organization shall not prejudice tho Slavonic provinces of the Austrian mon- archy, or the monarchy as 9 whole. An to tho main onterpriso of Russin, the absten- tion of Austria bas beon secured and Russia knows that Austria will not prop up the rot- ten Tarkish Empire any moro thon England, Upon this point the 7'imea says: A military movoment to thie effect would make a large part of the population farious and divide the now toleraoly peaceful Empire, It would, mores over, have the most troublusamo slnanclay couse. quences. Auntria haa little money to spare, Hun- sary lees; the two parts of the Empire have been disputtug for a year part ax to tho terms on which ie vottlement of 18U7 ahall be rencwed for an- other ten years, The Hungarians pay only 30 por cent; they think this too much, the Austrians think It not enough, and the Stays capecially are fudignant that the Magyars should be warlike at other peoplo's expen: THE UNION SQUARE COMPANY, The success of * The Danicheife” at Hooley's Theatre enforces the remarks of Tux TamuNne on the condition of theatrical affatrs ‘iu Chica- go. No great acumen was required to discern the facts. Anybody who went to the theatres during the regular ecason could perceive that the attendance was made up principally of peo- ple from the country, who were voeking diver- sion under difficulties, proferring to be found thore rather than endure the disvomtorts of hotel-life, Nor were the reasons for the abe sencooft Chicago people far to seek. Poor act- log, poor scenery and properties have been the rule, When one of these conditions was ob- acnt, the remaining two were generally present In increased force, At thé best, there was an clement of uncertainty Inyolyed as to whethor the play would be enjoyable or not; and per- sons who pay for admission to the theatre pre- fer not to take risks of this description. There is no stich elemncut of chance invelved in the perfurmances of the Union Square Theatre Company. ‘The people know that the managers of that Company always present thelr plays in an adequate manner, The best. actore in America are engaged In the representa- tion of them, aud the appointinents of every description are complete. Whether the play is of the best quality or not, the performance can- nut be ireedeemably dull. There will be some- thing to delight the eye, if the ear should fail of entertalument. The play now running at the theatre is not, in the onlinary sense of the word, popular, It strikes above the average of {ntelilgence. Without the fine acting which illustrates it, and the scenery by which it ts embellished, it could uot take holdof the people. ‘Theso were conditions of succes which the man- agers provided for, They undertook to flilin the details of a pleture drawn by the lmagiuation of the author of the play; and thelr success is duo ia large measure tothe tdelity with which they have done their work, rather than to the {nher- ent actlug capacity of tho play. Io this respect “The Dunichells” differs trom “The Two Orphans.” ‘The latter play abounded in strong inelodramatic situations, and was so artfully constructed that the worst acting or the shabbiest dressing could not wholly ruin its effects, Hence it was pirated on all sidcs and acted all over the country. © The Danlchetfs’" bas not been so atulea, because a strolling company could make nothing of it, All the resources of the Union Square Theatro were required to make it what it ls,—the moat juteresting play that bas been seen iu this city for years. That theae resources were not improvidently drawn upon is shown by the fact that the perfurmances bave attract- edia large uumbers the best judges of acting In the city, in which class may be fucluded all who baye had special opportunities to study Hfeaud manuers. Mr. Parwen, tho manager, {a reported ow having suid that the Union Square Compauy never played te 9 gayer or more fashlonable audience than the one of Weducs- day ulght, owe Fasbiunabte favor fs not the truc test of merit in drawatle representutions, but it a the Invarl- ably wark of pecuulary success. Notone of our local managers despises {t. The endeavor of alt {sto get It, and the manager who cannot secure It may straightway sell all that be posseeaes and retire from business, ft is. a pleasure to tivtice at presenitan honest and deserving appeal on the part of the lacal managers for this class of patronage, The example of the Union Square Company has not been lost. The improvement of the Inst year at MeVicker’s Theatre, for Instance, Was decited, and the advance this year will he even moro considerable. It will not be long before the old order of things will havo been swept awiy; the thentres and theatrical representatives adapted for provinetal tastes will no longer he eezn. and the attend- ance, in numbers antl tality, will oe more strictly representative of tiie taste and intelli- gence Of Chicago. —— RB. Warns was tho Republican candidate for President. Mr, Crranpien vent thie money (wo Grafts», no collected by the daecsamentof Pederst vatechotders, ta Ri. Tarra, the Republican candidate for President, in Gnto; and RD. Haver, the Republican canatdate for President, expended this money ang pald it outto promote nls own election,—New Fork sun, Now for the facts: Two drafts of $5,000 each were sent by the Natlonal Central Com- mittee, whose hentquarters were in New York, to the Republican Central Cominitice, whose headquarters were st Columbus. = Zack Chanpirr was the Chatrmun of the former, and Col. Wrrorr of the Jatter. It is true that Crannien mada the two drafts payable to the order of It. B. Hares, for reasons as yet unknown, ‘Tue Onto Committee could not ect the drafts cashed without Harcs' signature, and when the New York Sun alleges that Hares expended this money and paid [tout to pro- mote his election, the Sun titters a falsehood. The Sun koows very well that he never saw nor touched dollar of it, and had no more to do with its dishursement than had the editor of the Suz, ‘The two drafts were sent tu the Ohta Republican Committee in September, 1870, and the money was spent inaiduf the Republican State, Congressional, Legiaiative, and County tickets at the October election, —held nearly o month before the elew tion at which Hayes was candidate, The Sun pretends to sce something dreadfully wicked In Hares signing his uame on the back of those drafts ecnt to the Oliv Republican Committes in September to be expended to promote the election of the Republican candi- dates at tie October election, ‘The drift of its argument Is, that Hargs should have prevented the Ohio Committes from getting the $10,000 sent them in September by the National Com- mittee, and for what reason does the reader suppose! Because, says the Sun, “it was be- Heved that thls money waa largely contributed hy Federal oflecholders*! Perhaps it was, and perhaps {twas not; but-what business was that. of Haves? It was not his money; be was not to spend or keep a dollar of it; he had no knowledge as to who subscrited it; and it was none of his. business, It is a very far-fetched objection for San. Ti.peEN’s persone al organ to misko, The transaction has nothing to fear ina comparison with TitpeN's connec. tion with the Oregon business, Has the Su so soon forgotten the Cromin scoundrelism, with the “Gobble” transaction, with the remittance of $12,000 bribery and corruption from Gra- mercy Park, New York, to Oregon, to purchase a Presidential Elector? The Sun also remem- bers who furnished that money, snd, after the exposure, Lhe desperate effort that was made to stop the scarch at the impecuntous nephew of hfs rich uncle. anes ‘There {3 one thing that depositors in sayings banks ought to have sense cnough to knot, to- wit: that no auch bank c¢er keeps on hantt all of the money it receives, nor the half or third. of it. How coulda savings bank pay interest on deposits tf it did not loan a large part of the money? The managers of the bank have all the expenses of management to defray, and the taxes to pay, as well os the intcrest on deposits, Tho time rule Is established for the expreas purpese of preventing paule “runs” on tho banks by amob of absurdly-seared people who have gone of at half cock on account of a “run In St. Loula, San Francisco, or Calcutta, Tako the case of the State Savinga Bank, dt has over 15,000 depositors, and its published statements ahow about four miltions of deposits, Of this sum It bas about a million in greenbacks and United States bunds and city bonds; and the rest of its money is inveated In bonds ond mortgages and secured loans. How would it Lo possible for this great bank to pay off all {ts depositors In a day or a week! Those who owe a bank cannut all bu forced to pay up instantly, nad hence savings banks, for pruden- tlal protection, require those who arc deriving interest on deposits to give the banks a reason- able notive of intention to withdraw their money. ‘This is only right and proper, and [t ts as much for the good of the depositors a8 it Is for the banks. a it muat bo recollected) fast, when allvor cotn was do- bared In IAN It affocted thu! sabstdtary coin, and did not change (he retutipne of the legal-tonder dollars of elther culn,—CAicuyd fribune, Conalderlng that ‘*subsldiary coin'* wae in- trinsleally worth 7 pee cent lean than tho legal- tender silver dolter, 1t la evident thut the more val- uable dollar coull ba recolued or exchanged (or FS teutosliltary, coin” ata large vroft.—Sspringfeld fournal. ~ Does not the Journal know enough to know that the coinage of the “ subsidiary? was not free,—that It was a Governmnet monopoly then asnow! If ft doesn’t, tt had better post up o little, The Gorernment bought silver or re- celved It for duties, ang coined it {nto the light, fractional change, aud pocketed the profits on the mlutuge, but It restricted the amount of auch culnage to comparatively small sums, and Mnilted Its legal-tender power In payinent of debts tu $5. ‘Tho subsidlary coln avt of 1853 ins no more to do with the question of the reatorntion of the oli legal-tender asllver dollar than thu astute editor of the Journal has with the man jn the moon. tp - —oalilina ies Scre Talklug of etraws, bera Ia ones Dayton, O., July 19.—The Montgomery eoaaly Ropudlicans met Inconrention here sovdey. ane elected a delegate to the State Couvention at Cleveland August 1. They adopted resatutions in- dorsing the pacification pollcy of Prealdont Mares, and in favor of the stlver dalisr, Dayton ranks as prominently among Ohio cities as Peoria or Quiney among those of Il- linois. The Republican Convention indorsed the President's Southern polley of pacification and in fayor of remonetizing the silver dollar, According to present elgns, Qearly all parts of Oblo will do the same, and the Republican State Convention, which mects In Cleveland August 1, without doubt will iydorse Hayzs, and de- mand the recoinage of the silver dollar, aud we believe they will add a demand for the repeat of the date of the Contraction law, commonly called the Resumption act, a Great perturbation has arisen Jn New York over the suppoced polsoning of une CounTENay, who’ was engaged to row a match with a Mr, River at Greeuwood Lake, Immenso sumé were staked on the result, and just before the race CouRTENAY went to the hotel and drank a Glass of Iced tea, Tn w short tne hy was on his back aud unable to row, and the question now is whether his tea was polsoncd by some backer of the other elda or was Itaclf too cold for hla agstem. An investigation is demanded, which may demonstrate that Mr. Courtenay deliberately fuuked, LL How Mr, Moopy could perinit himself to be roped tute a Oisbing excursion with Lawyer Bagnetr, Cuaucey Tuoune, and Stuagt Kos. #03 Ls almost as inexplicable as the loss of his watch in such « purely orthodox and sanctimo- ulus party. The tour went out In a yacht off Cobassct, and Mr. Moopr set about a wost un- necessary conversion of bis companioua. When he got through be regretted that be hadu't Ict the other evaugellste slide, and contined bis at- tentious to saving bis watch. at Mr. Titvgw ranfor President as the great pra- fessional Civil-Service Democratle “Reform caudidste, He began by buying big nomination at St. Louls, as he was notoriously not the cholce of the Democratic masses. For all that isknown ty the contrary, he purchased the sup- port of the New York Sux. it bus, at all events, givcu big the sume kind of unscru- pulovs support that Attorney Fisep gave Buty, eee Twrep, the Tammany reformer. Tne Sun ts cackling at Haves because be Indorsed ine drafts made payable to his order, sent by thy Republican National Committee to the Ohy State Committee, to be used to help defray the expenses of the Ovtoher Btate cleetion. fia; the Sun so soon forrutten the TinbeN remit. tances to Oregon after the Presidential election to sectre an Electoral vote? IHas it forgottey the Crostn bustnees, or the "Cobble" ciphce Ulepatches? People living In glass houses, ex, ps peace An Inscription on @ Roman monument reads: “To Aiscuvapiua and Health, fy Crovtus Hen. Mippus, who Mved 115 years and 5 days through the breath of young- maidens, erected this monument.” Upon this, Herr Conitausay, of Germany, has written n work to show that maldens’ breath will prolong tho tlvea of those breathed upon, but fails to remark whether the introduction of the simple-minded onion should or should not be avolded, en Tt was left for the French Anti-Tobaceo Aeso- cintion to demonstrate the evila of tobacco, Some sears ago an infant 4 months of age was given a lighted ploe to play with, got In the habit of smoking, and fen't any older today than when he started. This HMlustration {5 Fouched for, though thero is a patnfal negleg on the part of the Assotiation to state whethoe a similar effect would be produced on ladies over 30. a The Electoral Frand can nover be ontlawed— New York Sun, For the good reason there was none. The Loulsiaua Returning Board only exercised the powers conferred upon them by the statutes of the State. The White-Lincrs bulldozed the black voters and stuffed the ballot-boxcs, avd the Returning Soard un-stuffed them. The Sun's fraud cry applics to its bulldozing ballot box stuffers. a Josern Petatzen, he of the big nose, strug gles to the surface once more aud grasps at the New York Sun to save hint from drowning, Illa attack fs on Postmaster Finury, of St. Louis, who, to take proper care of the seven letters that datly pnss through his office, has re- signed his position as ember of the Republic. an National Commilttce, and the attack ts based on the fact that the seven letters ore regularly delivered, oulieseemmnen:.cememmmemeend Wane Hamrton, who fs going to stand hy and support the Union, so help him Gop, has Just recelved the uniforms ordered by him for Mmeelf, stall, Adjutant and Inapector Generals, ‘The coat and pants are of Confederate gray, and the cont collar is decorated with a gilt palmetto tree, with the letters “8, C.’" on eltler side. The uniforms are generally admired na much for their intrinate beauty as for their historical retniniscenses, “ a The Bec Rouge Mountain iu Savoy, 7,500 fect abore the level of the sea, is crumbling to pleces. Rocks and bowlders ara pouring down {ts sldca upon the plain, which is gradually rls- ing, so that Ina short thine, to flnish the demo- Ution of the mountain, the stones will have to fall up the sidcs of the walls around it. ‘This is the story of the French Alpine Club. rt Boaus Cianzey, the Modoc and hero of many a Aight in the lava-beds, fs now a Methodist, and isrunning a camp-mecting down in Kansas, aa slsted by such adjuncts as a broadcloth suit, plug hat, and paper collar, Fs own convere slow, at the point of the bayonct, makes him a valuable exhorter, a From now out there will be a Democratic howl over the occupation of West Virginia by United States troops. —— PERSONAL. President Eliot, of Harvard College, ts en. gaged to marry Miss Graco Hopkinson, of Cam- ‘bridge, Mass, Moncure Conway asserts that Mr. Froude alone ia authorized to write the blography of ‘Thomas Carlyle, ‘Tho title of Mr. Anthony Trollopo’s new novel, *'Tho American Senator," {ts auid to bea misnomer, The Senator haa no connection with the etory, and it 1s snemlecd the name was chosen to advartiae tho book. Gail Hamilton has capped the climax of hor ungenerous osxaults upon Preatdent Hayes by Drotesting against his visit to Wate Sulphur Springs, on the score that the spot ie ‘*untal- lowed hy a single association that can commend It toa Union-lovlng peoplo. ” Mr. E. P. Whipple has an articl in the current Allantle on ‘Tne Shadow In Dickens? Lite,” The shadow {8 not filuminated to any wreat extent by the article in question. LPablic Opinion fsin advance of Mr. Whippla in judging that Dickenahad notthe rightto ‘outgrow hin wife," or to separate from ber because hie imagined. ho had dons so, Mr. Jim Keono, tho California speoulator, was refused admission to the New York Coaching Club, a8 be had prevtously been to tho Union Club. Ho nad boaght a coach anid taken tho question of his ndaileaion as a thing of course, bat bo was ro- jected, The reason iv saldto bo his association with Jay Gould in business, In California, Keen is called **Knightly dtm." In the trial of tho English barrister Hourt do Tourvitle for murdering his wife by pushing her over a procipice in the Alps, tho defonso pra- Posed thata lay Agurapf the height and wolzht of the dead woman should be thrown over the bill at tho place Indicated in the indictmont to vrovo that it was possible for tho corpse to roll to the place wheralt was found, but the prosecution declined and the Court overruled the proposition. A writer in tho Contributors’ Olnb of tho current Affantle contonda that ‘The Danichoffs"* taan immoral play, which would not be tulorated iit had been written byan American. ‘The quoa- tion fa ono of purely speculative Interest, since there fa no American who could have written tho play. Au totha immorality of the play, it is some- thing that must be woarched for diligently before it canbefonnd. Anyone who finds lt leentitied to rejoice as the woman who should recover hor ploce of alver might. Ynkoob Bey, tho despot of Eastern Tor. kistan, whose death waa recently announced, was an unedacated man, learned only in the arte of waraud Orlental diplomacy, Ho secured the in- dupendonce of his country by a atrargle with China. commencingin 1603 and extonding through two year, at the same time driving from power Hoos- oorg Khan, He allayed the euapicion of Rassla, enlisted the sympathy and co-operation of Great Dritaia, and celablished a secure dumluiwn where formerly there had boon onty a discontented prov- ince, Mukhtar Pasha is as pious a commander as Washington, Wahillo hls army was encamped on the crests of the Soughanla range, wilh the Rus- tian centre In front, and the left -zing creeping on the Ararat chain from Toprak-Kaleh, he never wiveed his prayers. Vive times each day he left bis tent. and, kneeling on those snow-covered and dreary heights, prayod fervently to Allah, The corrcapondent of the Londen Zelegruph, who caugat him st his devotions, evidently has lite sympathy with Musauloan piety, for, after.come menting upon the inaaterly inactivity of the com> muuder, he sarcasticaily romarke that Allah will probsbly allow the Turks to bo defeated. e An old custom in Russia requires the Czar to embrace the first man he aball meet on leaving Uls pulace gates Easter moruing. The wan thus honored Is generally the sentinel, The ordinary salotation un the partottho Czaris, ‘Christ ie arlseu,” aud the sentivel ls expected to respond, ‘*Hotwrleen, indeed," It isrclated that the late Emperor Nicholas, a very irascible man, was ase * tunluhed, on grouting the soldier in the usual man: ner one Easter morning, to have bim respond, ‘0 if tesald.” Tho man was a Mohammedan, aud had doubts. ‘The Emperor banished tlm, end gave orders that In tho future an orthodox ecatiael should be picked out for ths Easter catechiem, Gen, Meredith Read's story of tho dis covery of the arms of thy Venus of Melos was obtained from Mr, Nostrakis, a dealer in an- Uquitics, who residea ot Athens. From the post- tive maonerin which our Jesrned representative Seserted that the ** fad" was geauine, one mighk suppose that bo had bis information direct trou, Meaveo. ‘The ridiculous attitads in which he wow stands, however, is sufficient puniehaoat for bis oftnac. What with his experlence in this case, and bisextracrdinary description,. tn a diplowatio Utepatch, of tho appoarance of the Queen of Greece sta ball, it begins to look us If bis zeak were no} sudicleatly tempered with discretion,