Chicago Daily Tribune Newspaper, August 22, 1877, Page 4

-eteady at &1.50@5. 40, re THE CHICAGO 'IRIBUNE: WEDNESDAY, AUGUST 22, 1877. Thye Tribwe, TERMS OF SUBSCRIPTION. Y MAIL—IN ADVANCE—FOSTAGR FREFAID. %).H)‘ rtdmnn;’onr r’mf;‘.‘. 81 2-:“: Uarts o n yenr. per o s ¥ AWiied tony wtlres Y Tou; : Bunday 'Edition; * Literary and * fieligiads e heet, Eaturdsy Fditios Weekly, one yea FPartsot ayear, xzrmonl -xg s 1.25 11 1668 Specimen cop! N o prevent delay and mistakex, be sure snd give Pot- Ofiice aidren In tull, Including State and County. Itemitiances may be mada elther by draft, express, Tort.OfMce order, or in regfstered letters, at our risk. TERMS TO CITY SUBSCRIBERS. Imily, deltvered, Funday excepted, 25 cents per week, Dally, deltvered, Sunday Included, 70 cents per week. Adires THE TRIBUNE COMPANY, Corner Madison and Dearborn-sta.. Chieago, NIl rrlers for the dellvery of Tne TaisuxEat Evanaton, Englewood, and lydo Fark left n the couating-room Wil re¢eive prompt attentlon. Al NT MeVicker’s Theatre. Madiron street, between State and Dearborn, '*Sere aphine." Mesdaincs Meek. Maye, Price, etc.; Mesrs, Wheelock, Hawliton, Pearson, etc, ionley's Theatre. Randolph streer, between Clark and LaSalle, En- gagement of the Unfon-Square Compans, **Paul Grandet.” Mesdames Hight, Heron, cie.y Memra O'Kell, Parvelle. eic. Afteracon and evenlng. Adelphl Theatre, Monroe street, corner of Destborn. **The Long Etrike.” Miss Sylvester, etc.: Messrs, Stoddert, Blais- dell, ete. Afternoon and eveniog, Cotton's Opera.Houne. 4 Monroe street, near State. Vaudeville and ** Roving Jack." Afterooon and evenlog. Hase-Ball Park, Twenty-third and State atreets. Game between the Allegheny and Chicago Clubs, SOCIETY TIRSPERIA LODGE, No. 411, A. F. and A, M.— The memhera are hereby notified to attend & Heruiar Comtnuulcation, to ba held Wednendsy eyening, Aug. 42, for business of Importance, BY prder.of CHAS, HEATIL BRENAN, W, M. CHA! STER, See, WEDNESDAY, AUGUST 22, 1877. CHICAGO MARKET SUMMARY, The Chicago nroduce markets were generally active and stronger yesterday, Mess pork closed 124@15¢ per brl higher, at $12.37%@12.40 for Scptember and $12.45@12.47% for Octobor. Lard closed 10215¢ per 100 D8 higher, at 88,221@8. 25 for September, and $8,30@8.32% for October. Meatawere firmer, at 43¢ for loose ahoulders and Ukc for do short ribs. Lake freights wore less active and eany, at 4¢ for corn to Buffalo, High. wines were steady, at $1,00 per gallon. Flonrwas quiet and firm. Wheat closed 4@8l5¢ higher, nt $1.00%5 for Augustand B7Hc for September, Corn closed 1c higher, at 42%¢ for September or Oc- tober. Oats closed ¥@%c higher, at 23%c for September or October. lyo was steady, atil%4c. Darley closed 2Xc higher, at 0Pye for Septem- ber. Iogu were quict and unchanged, closing Cuttle wers quiet and wteady, with salea at $2,50@5,35. There was no clhange Inthe sheep market. Last Satarday even- ing there was in store In this eity 251,600 bu whent, 1,385,206 bu corn, 327,700 bu oats, 122,615 bu rye, and 89,207 bu barley. Total, £,170.760 bu, being an increass of 4,070 ba dor- 1ng last week. One lrundred dollars in gold woold buy §104.87% In grecnbacka at the close, Greenbacks at the Now York Stock Ex. change yestorday closed at 954, Judge-clect Hareer, of the Second Tilinols Distriot, appeared beforo the Governor yes- terday, and, having proved that ho had re. sided in the State for five years continuously, be was duly comuui For some timo past tho citadel at Queboo bias been dismnntled, and it was supposod its duy of usofulness was over. It is now stated, howevor, that a largo quotity of shot nad sliell of tho latest pattern lLes Loen re. ceived and tranaferred to this aume citadel, nr]ouud which unwouted activity: botrays it- self, Information hias been lay 1 before the Papal Ablegate at Montreal that pricsts Lave been netive in influencing tho v otes of their flocks, upon which he has issuer { pu order that here. after all spiritual advise.rs refrain from co- ercing thelr parishlon ers, who are to cast their bollots ns their consclence and not w3 their confessors shy 1 dotate, Mesurs, BirLinas, of the West Bide Gas Company, and WAT sox, of the Sonth Diyjs- fon establishient, nre cloar and explicit ‘in their determinatio u not to accopt tho terms offured by the Cr juncil. Thoy will furnish gos until tho city shnll order them' to stop, bat they will ca' Joct tho value thereof with. out auy asuista’ eo from ordinances or Alder- men, R It appears from a Washington dispatch that there ir, 1o truth in the story that the Cabinet b ; discunsed the proprioty of rec- omwondiv g an fncreaso of tho army. In the War Yoopurtment it Is claimed that it Is only nee pasary to place the maximum stand- ard of compauies ut 100 to make the army large ‘enough with tho officers already in cowm'ission, ALs cManox's elaborate system of applying tho gag law is not able to wholly suppreus frae speoch, The French cilizen still Las the uso of his tongue, as the Bonapartist President. discovered upon leaving Cherbourg Bundsy evening, when bhis ears were shocked by o Republican demonstration for Lis cupevial bonefit. Shouts of * Vite Ju Repudligue " and “ Vive Trress)” and the defiant straing of the ¢ Mareeillaise,” wero runy out with epiteful enthusinam, and Mac- Manox haud to bear, whether he would or no. Great proparations sre under way for a graud counferunce belween Col, Wirxins, Indian Irspector, and a number of friendly tribes, which will take place at Bpokane Falls, W. T., beforo long. About 100 Chiefs of thirteen tribes, representing 3,617 savagos, will tuko part, aud the seitlery of that sec- tiun are devoutly praying that affairs will ba settled amicably, os Chief Josers, of the Nez Purces, cxerts a strong intluence over the youuger men of these tribes, aud it is feared that if they join his fortunes there will be a geuend clearing out of whites fn the Terri. tory. Tu ks valedietory, the editor of the Now York Witness, u religious daily which perished yesterday, observes: ¢ Wo madea’ Laat offort to obtain help yesterday morning, aud hoped for o response throughout the day that would show the Lord's will to go o as heretofore. There was no response at all, and that, we thiuk, was au equally clear indication of tho Lord’s will that we should rot atteropt to continue a losing business,"” Which is & rather neat way of acknowledg. ing that Providence bas 1o capecial views on the subjoct of journalium, and that a **re. ligious daily " must take its chances with all the rest in the struggle for existence. Reports are current of & new party move- wment in Ponnsylvania, with secrot 'sigos, grips. passwords, etc., and documentary proof is promised ip support of the assertion that such an orgenization cxists, with headquarters at Harrisburg, The Oax- EnoNs are said to be the prime movers, and the capitalista with sub- sidy schemes nfoot, and the lobbyists with nxes to grind, and tho machine politicians with wires to pull, the rank and file. If this is all thero is to it, thero is no particular neod of a new shibboleth; an organization with hio CautEnoxs at it head, nnd having for its object the control of nll the nominations and candidates of the Republican party in Penn. sylvania, has boen popularly snpposed to exist in that State for some years, and it lhiasn't been very much of a secret, oither. A third and fiual report of the Commission appointed to investigato the management of the New York Custom-Houss has been sub- mitted, nnd if its recommendations are heeded there will bo a vory thorough cleau- ing out of that malodorous institation, The report of the Commission is unanimous to the effect that corruption and maladminis. tration have ronched s stage in the conduct of tho business of collecting customs in New York which, for tha snke of the good name of the Government, demands nn immediate and complate reorganization of the servico nt that point. The spoils system has been practiced to s perfection that must command tho admiration of machina politicians overy- whore, Political favoritism dictated the ap- pointments, and big salaries, little or noth. ing to do, and unlimited opportunitica for stealing was the reward of tho lucky ones. The Commission recommended the dismissal of {he entire forco of Weighers and Gaugers, and a goneral weeding out of dishonest, su- perfluous, and overpnid subordinates. The proceedings of the National Board of Trade, whose nintli annual session began at Milwaukee yesterday, will be read with moro than usnal interest in view of tho great im- portance of the subjects outlined for discus. sion, There ought to bo no uncertainty re~ garding the iufluenco oxerled by such a Lody of representative commercial men upon Btate and National legislation, and it might be worth whilo for the National Board, prior to its adjournment, to consider among other things the rensons for the disrespectful treat- ment which its memorials and recommenda- tions have as a rule roccived at the hands of Congroess. The topics suggosted in the ex- cellont address of the Mayor of Milwaukeo, together with those included in the roport of the Exccutive Council,—~mora especially tho Inbor question, tho remonetization of silver, tho rovision of the shipping and tariff laws, ond the establishment of rociprocal trado re- Iations with Canada,—are of immediate, pressing interest, and the deliverances thore- on of the National Board will command par- ticalar attention at thi THE COMMUNISTS' PLATFORM, Tho Communists of Chicago, having beon defented in their attempt to secure what they call their rights by mob violenco nnd plnn. der, hnve now held a meeting, at which they have adopted a platform, hoping to ‘got by tha ballot what they failed to get by the bullet. The platform, ns'n whole, will re- mind ono of the epigram of the New York World: ** A loaf for overy loafer, with fall privilego of loafing.” That is the substauce of the Ohicago platform in a nutshell. Lenv- ing out their meaningless gonoralitics, lat us look briefly at the details of their grand schome of living without work and stealing their neighbors’ property. Thoso long-haired idots or knaves start off with the assumption that the *‘cconomical subjection of the man of labor to the mo- nopolizer of the wmeans of labor lies at the botton: of servitudo in all its forms,” otc. ‘What does this mean? Nearly all the man- ufacturors and employers of labor in thia country were oncojournoymen thomselvos, In other words, theso men, when thoy wore work- ing for wages, were prudent and thrifty, and saved sufficient out of their wages to set up for themsolves, and, applying tho samo pyin- ciples to their business that thoy had to thoir Iabor, they gradually extended their sphero until they aro ablo to give cmployment to large bodics of men, Therefore, according to the theory of the Communists, if a man saves his money and employs others he is the enemy of those he employs. But {f tha man who saves cannot hire any one, and the man who does not save will not hire out his services, what is to be done? * In order to nanintain the freedom of the man who does not save,” say the Communists, ** ho must not hire out to the man who does,” This is all the answer they can make, Thisis sim- ply tho shallow quackery of hypocrites and demngogues talking to workingmen, and working upon their crednlity and iguorance of the principles that lio at the very founda. tion, not only of labor, Lut of soclety itsclf, ‘The ffth clause of this precious platform declares in favor of the * abolition of all conapirney Inws denying the right to work. ingmon to combine for tho protection of their ouly property,—their labor.” This clause, liko ovory other clause in tho plat- form, conccals more than it utters. 'Tho abolition of ' conspiracy laws means the abolition of lawa providing for the puniah- ment of nobs or individuals who futerfero with labor or the right of others to work, ‘To illustrate: A man agrees to work for an. other, and {3 satisfled with his wages. A mutually satisfactory contract exists between them. An unruly crowy,- Wesatisfled with their own wages, como along snd require this mun who is contented to conse’ work. 1f ho refuses, then they mob him and his employer, To protect this man, a law hns been mado providing penalties for interfer. euve with hiw, and it {a this law which the Communistie mob now demand shall be re. pealed. For their satisfaction, wo can in- form them that the youngest man smong them will not livo to see that law repealed. Ninety per cent of the people of Illinols, whose rights would Lo violated by such s re- peal, will maintam it Sruly against all efforts of theso lazy vagabonds, 'I'lis is not the only law which thess men would throw over, They would also ropeal the Vagrant law, in the interests of trumps. 1t wos the fanmers of Illinols who passed this law, sud they wore Dbacked by the people in the citios aud the towns. Thereis no lawon the statute-books more difficult to remove, The farmers uecured its pnssage for the pro- tection of themselves and their fomilies from plunder ‘and maltreatment by these lazy, wandering vagabonds,who would rather steal than work. If oll the citica jn the State wero to join as & unit in demandiog its re- peal, they could not effect it, The Commu- pists, therefore, wmay clearly understand that thoy will never have the opportuuity to give trawps free liconso awong the farng of Mli- nois to waylsy men, maltreat women, and steal property, any more than they will have the opportunity to interfere with the labor of those who wish to work in the cities. As 8 specimen of the impracticability of these charlatans, they furtbermore demand the passage of lawe prohibiting the employ- went of children under 14 years of oge. In certain kinds of factories, where a child should bave the reqrisite physical stamina and a fair degree of education hefore enter- ing npon active labor, such a law might prove beneficial, hut in the entire egricul- tural districta of the United Slates farmers’ children hiave to work long before they nare 14 years of age, and assist in getting in tho crops, as well s in the lighter work of the garden, and of * fruit and berry picking, where it would be unprofitable to employ ndults, especiaily through the midsnmmer months, when the children are ont of school. In their ex- haustive programme, the Communists not only would stop juvenile labor, but conviet Inbor nlso, so that * it will not come into direct competition with honest labor.” Now what do thoy mean? What do thoy propose to have tho convicts do? There aro but two courses to pursue in regard to prisoners. The one ia to let them romain in idleness; the other is to set them to wurk. Unless their entiro cost of keeping is to be paid out of thegeneral taxation, thoy must work and mako something to sell. What can they make to sell that will not compete with honeat labor? This the Communists do not nnswer, but, until they do, they lave no right to mnke any such domand. If they say thoy shall not labor to make anything salable, but shall live upon the people, the industrial classes will not nssont. ‘They must work at somothing, snd there is no valid objection to their producing what comes {n the lenst competition with the re- sulta of honest labor. 'The people will never consent fo support them as panpets, Equally nabsurd is the proposition that the Government shall establish o National Bank and lend © money. Has it never ocenrred to theso impracticablo visionaries and moonshine humbugs that the Government has no capitnl and caunot lonn money, snd that, even if it could, it would sitaply bo a gigantic monopoly that would soon crumble away of its own rottenness? The whole scheme of the Communists, s wo gathier from tho soparate planks of their plntform, is the abolition of property. They aro determined that no man shall own any- thing. They want the ‘Uovernmont to take possession of 'everything,~—the bnanks, rail. roads, telegraph lines, all routes of trauspor- tation and communication, every wagon, dray, stago-coach, all 1neans of locomotion in citios nnd towns. As the Government cannot buy them, they wonld have it con- fiscate them. = In other words, they haves vaguo, ill-formed idon that in some way this whole nation of £0,000,000 can ba thrown into ome gigantio corporation, with the power to own all properly, furnish labor, manage private affairs, take care of all jdlers and lonfwrs, and give every one the opportunity to live without Inbor if Lo is 80 disposed. “Lhey are striving to es- tablish n condition of soclety that would strike nt self-respect and individual inde- peudence, remove every incentivo to prog- Tesn, suppress every ambition and aspiration, destroy nll human industry, remove sll im-. provements and inventions by which more work cau be done and moro wants suppliad in tho same time, quench nll the glories of sclence aud art, reliegate the human raco back to the old statns of barbarism, and re- duce the individual to tho coudition of the oyster. If tho chiuf endof man’is to be. come a lazy lout, a shiftless vagabond, n pestilont petrifaction, a brawling, long-haired idiot, & public nuisance, and an enomy of his race, let him tuim Communist, ‘THE RESUMPTION ACT. « Inthe cisouasion of the Resmnption law, which provides for the redemption of the gresnbacks on tho 1st of January, 1879, wa have endeavored fairly’ to point out that to enforo that law as it now stands would bring the business of the country to a calamitous snspension. Wo have over six hundred and fifty millions of paper money, and there is in the country just enough gold to meot thoso business purposes for which the poper will not nuswer. The bank.notes aro redeemable on demand in groonbacks, und tho green- ‘Dacks aro made by this act redeemable in coin after Jan. 1,187 This, in effcct, makes the bank-notes redecmablo in coin after that date, Now, to redeem this amount of paper thero aro in the country from one hundred and fifty millions of dollars to two hundred millionsof dollars of gold. This isin the hands of the banks or private individuals, and never more than a small balance in the hands of the Government. The banks aro 0 reatrained, and limited, and taxed that at best their circulation is of no profit to them, and naturally, as tho data fixed for re- deeming thelr notes in gold draws near, they will evade that difficulty by surrendering their notes’ and withdrawing their bonds, ‘They havo already dono thig to a large ex- tont, aud, unless the date fixed for resump- tion be repealed, they will have either sur- rendared their whole circulation Ly Jan, 1, 1879, or have put it awny for eafe keeping in their vaults. We have shown tbat the busl- ness of the country needs from 150,000,000 to §200,000,000 of specie aunnually to pay duties on customs, to nake romittances of interest and dividonds to Europe, and to pay expenses of Americans traveling or residing abroad. furnish this amount of gold by redecming greenbacks. It needs, to mcet {ts own coin expenditures, about $1380,000,000, which sum it reccives from customs, The yold with which it is to redeem the greenbacks must be obtained otherwise, Upon this state of facts we have asked in vain for an intelli. gent suswer to these questions; 1. Where ia the Secrotary of the Treasury to obtain the gold with which he s to re- deem the greenbacks, say at the rate of $150,000,000 per annum ¥ 2, It the greenbstks, as redeomed, aro theu burned or destroyed, their withdrawal from circulation, together with the enforced withdrawal of tho bank-uotes, will be & con. traction of $600,000,000 of currency, loav- fug nothing but gold coin in which and with which all business must be transacted, and all contracts paid after that date, But, it the greenbacks are not to be retired when redecmed, but rolssued, where is the Secre. tary to obtain his gold to keep up his con- tinuous redemption ? 8. How are thess greenbacks to be re. {ssued; and for what purpose? Tho only auswer to those questions is that given by the Now York Dulletin, which says that the greenbacks, as fast as redgemod in gold, are to Lo reissued and;put into circula. tion. Aud it says that they aro to ba rels. sued in lieu of gold duposited by individuals in the Treasury, That is to say, persons Laviog gold coiu will deposit it with the Treasury Department and teke groeubacks because more convenient for use, 'Ihis does not change the situation in the least. If $100,000,000 of gold coin be deposited in the Treasury and an equal sum of paper bo withdrawn, this will not relieve the contrac. tion, It will leavo tho smouut of cur. rency precisely unchanged. If for overy dallay of currency ivsued a dollar in coin has to bo locked up, that will not aid watters in the least, Thatcan be done wow, and is ‘The Government has undertaken to done every day. A man ecan deposit gold coin in any bank and get n draft entitling him to gold coin in any city of the conntry ; e can, and it is largely dono now, deposit gold in the Treasury and ean use his cer- tificnte ne coin in any part of the country. Greenbncks secured by n special deposit of gold will gravitate rapidly to the place of re- demption, aud, being more of the character of certificates of doposit than of money, will cease to circulate asmoney. Practically that device will not answer as a nicans of roissue, nnd tuo Government cannot issuo them for any other purpose. We, howaver, have ahigher nuthority than nny newspaper, and that is Becretary Bnen- MAN, who on this subject represents tho Government authoritatively. 1o made his carcflly-prepared speech to explain tho policy of the Governmont with regard to re- sumption. In his long and elaborate speech, Becrotary Snenstan sakd never a word about reissuing the greenbacks after they had been redeomed. If the Iaw anthorzed or the Government intended to reissuo tho notes aftor having redeemed them in gold, does any person imngine that tho Secretary, speak- ing for the Government, of' which in this particular he is the first Minister, would have failed to havo so declared? In what word or sentence did the Becrelary state that tho ro- decuted greenbacks were to be reissued? Ilo wag tho author of the law, and is now the officer to execute it, and if he or the Govern- mont bad any intention of reissuing the greenbacks, e would not have falled, in n speech intended to explain the net, to doso, e said that be did not think the redemption of the greenbncks in coin would contract tho currency, but by this he meant that for every greenback dollar retired there would be & coin dollar issued to take its place, Wo submit slso to the friends of this gold resumption that the Becretary did not ex. plain where he was to got the gold to re. deem the greonbacks, Ifo did not explain the possible effect of purchasing with bonds two or three hundred millions of gold and withdrawing that much from tho stock in Europe. He was not prepared to explain that, because ho is a3 much at sea on that subject as is any other person, For the same renson ho did not explain what cur. rency was to take thoe place of the rotired bank.paper. That is a diflculty he has not yet mnstered, Iad ho beon propared to have answored any of these objections, who cau doubt that he wonld have beon glad to doro? : Tho speech of Secretary Smenstax s in fact n confession that unless there be a ro- penl of the date fixed for resumption the country will be stripped of its currency, aud reduced to tho mere compnrtive handful of gold coin which the Becretary can purchase, and in which all the rovonues of tho Govorn. went, and all debts, public and private, must be paid. Insuchan event thero will bo a goneral crash, an utter annililation of.credit and of business, Nor will this be all. The nttempt of the Government to maintain ite gold redemption will break down,—utterly 1Ril, to the disgraco of the Goverument, to tho injnry of the national character, and to tho humiliation of tho country in every sense, COBDEN AND HIS WORK A statito of Ricuanp Conpey wos unveiled ot Bradford, Eug., o few weeks ngo, and the occasion was fmproved by Mr. Joux Baronr to make one of the most cloyuont speeches of his ifo, The achiovements of Conpex might well be celebrated by Mr. Briour, ‘Their nequaintance way: formed bofore tho agitation for the repeal of the Corn laws be- gan, and It continued until it was terminated by Conpex’s death. They labored together for the Repeal, nnd both enjoyed tho fruits of viclory, Cobpry was the prime mover In the agitation. He had two ideas, tho adop- tion of which ba considored essential to tho prosperity of his country, and ho never rest- ed until ke convinced Parliament that he was right. His first idea was that the Corn laws wero erronsous in principloand pernicious in practice. Dependent upon and proceeding from this wns his second proposition, that the tax on the importation of raw materinls used”in manufactures ought to be re. moved. Conpex's arganment was that no system of taxation which artificially raised pricos all. around could be & benefit to any class of producers,. The Corn lawa prohibited the importation of corn by arrang- ing a sliding scale of duties, according to domestic prices. As tho market price of the home crop declinad, the duty on the foreign crop incroased. Tha theory on which (heso laws were based was, that, tho home markot being confined to home producers, the limit. ed supply of corn would fotch higlier prices. Such, indeed, was tho result. But Conpen had been a manufacturor of cotton goods, and ho looked at all cconomical questiona at first, perbaps, from tho standpoint of s manu. focturer, He saw that the wmouopoly on corn, while it conferred an apparent benefit on the landlord, crushed the urban populn. tion. Morcover, tho benefit to the farmers was only apparent. 'The manufagturers de- mauded and obtained the protsction of the Government, aud tho farmer had to pay bhigher rates for mearly ovory articla ho purchased, It was a cut. throat game on all sides. Noither farmer nor manufscturer gained nn advantsge over the other, while both wero limited in their salos Dby the incronsed prices, which cut off a por. tion of the demand. Exchango botween them was conducted on a fictitious basls, and was not so protitable, because not so large in volume, asit would have beon if no com. mercial restrictions had been imposed. Cop- ozN demonstrated these propositions. He sbandbned 8 business worth $50,000 a year to devote himself to the causo. ized clubs, distributed pamphlets, and made speechss Incessantly. Ie was not afrald to be accused of enthusiasm ; and he was one of the fow enthusiasts who have lived to sce their dreams realized. He met all opponents —whether they were Feanaus O'Coxvxs and the Chartists or his supercilious associates in Parliament—with perfect intrepidity, Emaucipoation of the bauds—that was tho ropeal of tho protective tariff ; emancipation of the stomach—tlat was tho abolition of the Corn laws. These couses Le did not abandon until he had converted a Prime Min. ister aud seen his principles triumphant, ‘The commerclal prosperity of England may be said to date from the adoption of the measures advocated by Cosngy, Prices of sgricultural products decreased, but the de- crease in the prices of manufactured articles was simultaneous. The cost of living was reduced, and the farmer found that his grain would bay proportionately more than it did befors. Rents of land remained alnost stationary, and did not show spy marked declive until the recent strikes of agricul. tural laborers. Meauwhile, articles of En. glish manufacture went all over the world, curried in Eoglish whips, consigned to English factors, and often sold to Eaglish retuilens, Al the world was called upon to Ho organ.. contributo to English prosperity, and nearly oll the world responded. Tho consequence lins been that Euglind hias’ became an enor- moua creditor. Her intercst list on foreign loans npproximates closely £100,000,000 per sunum ; and she can afford to fmport £3 worth of goods for overy £2 sho cxports ; tho balance ngainst her will more than be made good by the transportation profits and the interest duo from abroad. These facts account for the ramarkable phenomenon presented in that little island, whero two- thirds of the inhabitants livo in towns, n great port of the country Is taken np for the uses of alanded aristocracy, and the averngo of comfort is as high as in any other popu- lous region. i Ono of the recent roviewers of-Mr. Con- DEN's carecr says of him, epigrammatically : ¢ From his childhood he had hated a soldier, distiked n Lord, nnd loved an American,” This terse suminary of his character fur- nishes a koy to the third iden of his life, which has not as yot beon realized in prac- tico. Ifo belloved that the adoption of Froo ‘Trade would tend largely to bring about an era of universal penco and freedom. Events have not thus far justificd his opinion, Conpex lived to negotiate personally a com- mereial treaty of the freest description be. tween Franco and England, and to see tho Zollverein in successful oporation ; but ho slso lived to lear of Balaklava, Solferino, and Gettysburg, and ho died Lut a few years beforo Sadown, Sedan, and Plevna. Wearo not prepared to soy, how. cver, that he was altogether wrong in his pence views. There aro some burning ques- tipns that connot bo snuffed out by any hu- man contrivanco; they must bo fought out. American slavery wns one of these, Italian independence was nunother, Gorman unity was a third, Mohammedan rule in Europs is n fourth. But these questions are gradually being romoved from the arcna of dis. cussion. As they are sottled one by one, tho prospect of pacification becomes nearer, ‘Who shall say, then, that Mr. Conpex's prop- osition is not tenable? It is, aftor all, merely tho statement of n lendency. Freadom of trade unquestionably does tend to ro- move prejudices of race, religion, and ddu- eation; and in tho same degree it must tond to removo the causes of national nisunder= standings. Tho day is early yet for the adoption in practico of Conpex's schemo for international arbitration and mutunl disarm- ament, but we may beliove that the states- man's dream of no moro wars is not wholly vain or chimerical. The New York Rulletin some time ago mundean argnment that greenbacks redeemed in coin under tho Resumption nct would be relssued, beeause thero was n provisionin ex- isting lnws that nll such notes received by tho Treasury in tho ordinary business of tho Government night bo reissued. In alater iunueit says that Tue Cmroaao Trunune ‘‘has not one word of auswor to those excoptions to it position. We take ita silonce as mean- ing its inability to answer,” ete. We took no notice of the point, becansa it required none. The authority to pay out greenbacks roceived by the Treasury, nnd to isauo new ones for old, torn, or defaced notes, has no possible reference to tho roissue of a promissory note, paid and redcemed. Thero isa wide difforenco botweon receiving an overduc noto in business and passing it out sgain, and the reizsuo of the note after it has boen paid. The Government cannot Inwfully taks up one of ity greenbacks by redeoming sud paying it In gold, and then reissuo it, any more than it.can pay one of its matured bonds and thoo reissue it. That is so plain: that we supposed the Bulletin would proter to let the point drop without having atten. tion called to the fact that it had been mado by that pape The following extract from tha letter of a centle- man™t Chicago, welting to a frlend io this city, 1s worthy of note, the writerboing & man of farga businers exrcflonu. nt present connected with manufacturing interests in that city, Hosayw: **The real-estale men hers continue to go under cvery few dnys, Without some different legisla- tlon it looks 4 theugh our Government must o to pleces, and the peoplo lapse into barbariem, —Zu- dianapolia Journal, The pauic and hard times have unnuestion. ably depressed the valuo of real estate In and sround Chicago,—more especially unlmproved lots. Previous to the panic there was great apeculation In what was called *‘outside prop- erty " and “acre property.” Thero were tens of thousands of auch parcels of land purchased on speculation,—bought for a rise,—and partly pald for, when the panic .came, which has since tnen taken all the “starch " out of such prop- erty, Tle firo which swept away 25,000 build- ings and wibed out most of the insurance com- panies compelled thousanda of our eitizens to borrow money to rebulld their burnt structures, and give mortgages ou. both tho lots and Improvements, Just as they had re-erccted thelr bulldings, tha psnic fell on them, deranglng business, reducing rents, and leaving thousauds of the laboring classes out of cmployment. That somo have been unable to repay the money borrowed to rebulld, Is unquestlonably true; others, who owned quantities of unimproved real estate but partly pald for, finding taxes and assess- ments high, and no humediato prospect of an advance In selling prices, let the morlguzees forecloso and take the ground for what was due thereon, Those whoars best posted fnthesethings estimate that, first and last, 15 to 20 per cent of the wortzaged real estato will change hanaa, Hall of this fs due to the Ure and the other half to the panie. Buy where one debtor 1s obligegd to succumb, five to scven are out, or coming out, safely. ‘The vitality of the city Is un- touched; its resources are immense, and its cn- ergy audresolutionirrepresaible, Withall herset. backs and calamities, the business of Chicagoin- creascs remarkably, and the populstion grows Indeed too fast. We beg our contemporaries not to be distressed by reports, or: to borrow auy trouble on account of the supposed state of this city, Thercis not any of our sorrowing sympathizers but would chaoge places with Chicazo with alacrity, bad as they profess to be- lieve her condition tobe. Dryup your tears, friends, as there s pothing bappening here to Justify your wecplog or walling on our sc~ count, ‘The Chicago T¥mes of Aug.18 prioted & three-column actinne Tram (ha London fottsy Mess ot the bentiad ‘ievos.” The ssme accaunt sppeared In Tuz Cuicaco 7, Aug, 4. —just 1wo weeks be- been sent (o Tia TRIBUNE Dy special are, ~bavin) ibun of Momday. dispatcl,—17! 5 Tug Tmisvys stole what it published of the sbove dispatch from the Inler-Ucean, which, on the mornln{ of Aug. 18, printed a fuli-page cably ! , yiving & complete aud ygraphlc sccount baitle, the same ss publlstcd that mornlug u g w York Jerals and London Dely News, —Inter-Ocean, yasterday, T'he Z-0. person who wrote this must have been drunk. The J.-0., onthe mornlag of Aug. 18, Lad ‘0o account, elther by cable or wall, of any battle. I the maudlin individusl mweant Aug. 4, then we inform hlm there was no ue- count of the battle of Plevaa 12 that lssuc of the J.-0., other than the vague and {mpertect ono furnished by the Associated Press, sud o short rehash of the same materials scut dy ité special man, * PostoaTe.” 1If the 1.-0. printed suything more about tho battle, it must bave been in a'second edition, ss It certainly Is not contaloed in the coples recelved at this oflice. ‘Tho facts are, the Loudon News scooped all its competitors, and published exclusively a brill. {ant eye-witness® description of the battle thyce or four columuos long. The New York Ferald’s agent in Loodon got held of an early cooy of the Londoa News containing the report, and . telegrsphed the whole o time for the Merald of the same dJate; und our sgent 1a New York obteived an early cony of the Zierald containing the London Nees’ re- port, and teleeraphed it to Tie Cimcaao Tria- GNE In time to appear in the entire edition ex- cept a few hundred copies sent out on au early Eastern mail-teain, Furthermore, all those spectals which the 7.-0. mnkes such a parade about are the New York Jerald’s cables repeated to Chlcago from New York, except ** Postaate's,” who ooce n week cables o special to the -0. Tus Tnin. UNB recelves a dally cable from its London agent, and the Herald's specials besides, and any other cnble newa that reaches New York. As to “stealing ? angthing from the [.-0., Tnx Tutnune would as soon think of purlofning a dog’s dinner, Nobody in Tue Trinune ofllce 26 nuch as sees a copy of the /.-0. before noon. —— ‘The Bpringficld Pustmaster eannot, of course, be expected to “ run ? his Post-Office and edit is paper at the eame time; he can’t bo In two placesat onvo,~sorting letters nt the Post-Ofice, andin his sanctum indlting editorinls; and, as ‘4 duty?! comes Lefore pleasure, he Is obliged, In the nature of things, to intrust the cditorship toa aub"; but that fact does not Justify him In selecting a person whose Intellectual develop- ment has not progressed tiesond the stone nwe, orat most just tothe margin of the bronze, This person whoin he has left in charge of the Jour. nal has undertoken to discuss financial ques- tions. Tiere {s a recend specimen: Will Tre Ctireaoo Trintyz now explain whether 1t Ia in favor of maintaining the half-dollar at the dupreciated standard fixed by tho act of 1853, —102 gralnw of ** standard eliver, * or 1728 prafns_pure rliver,—or appreciating itand tho other Inferior Insto the standard fixed by the law of April, orrerponding with the dollury 1f there lsa £00d reason for ** remonctizing tho standard allvar dollaros st known La the laws of the Cnitod Ktntea, and described by tneact of Congress of April 2, 1702, {an't there equally guod rensons for **reponctizing tho standard sfiver” halves, quarters, dimes, and hatf-dimes, *+ t knowh tothe Jaws of thio United States*'? What In the world Is all this chatter about! ‘What party or faction has pronoscd to disturb the subsidlary coinal Who Is ngitating a change of the fractlonal sflver, which {s only a legal- tender for 852 As the fractional colns have never becu demonetized, it fs simply “idiotic!? to talk of remonetizing them. Congress, by the act of 1878 and the statutory revisiou of 1874, ordered n cessation of the colnage of the old standard Amerlcan silver dollar. Let tho next Cougress order the colnage to be recommenced, and the rest will take care of iteell, Whenever the Amcrican silver dollar reappears, It fa a legal-tender for all payments, withiout lmit or cxception. As to tho subsidiary silver pleces, If there is any particular reason for restorlng thelr welzht to that previous to 1853, may there not be equally good reason for restoring the weight of the gold colns to what they were previous to 18344 Nobody wants the welght of any Amerl- van coin disturbed; what {s wanted Is tho re- colnageof thesllver "*dollar of thedaddics ;¥ the sooner tho hetter, and the more of thewmn the wmerrier.. That is Tua Trioung's platform on the colnage question, e tp——— An cxchange, which 18 composed of 50 per cent nincorupoop and 50 per cent demagogue, ets off such swash as this: Tre TwinuNe thinks 1t an outrage to tax the man who lends his noney on mortgages. U8 thy bour devit who borrows ghiat ougi (o pay taz aa well a9 interest, This theory ‘well carrled out would make na & natlon of money arlstocraty deed.” 1f the money-lendor who lives upon his terest 1d {0 bour no burden of taxation, in heave name who cught tobo called upon to support the Uovernment? Whetlior a pleco of land fs mortgaged or not, it fs taxed all the same; the Assessor never asks .whether .the clalmant of a lot ora farm lias patd for It or borrowed money and glven it as security, Tho Asscssor never asks whether the claimant of a lot, block, or farm has pald for ftor not, or borrowed money aud given the real estate os security; it makes o difference to him who owna it, whother It 1s free of incum- brance or mortgaged for all it s worth; 1t s tione of his business; it is viaible, tangille prop- crty; ho catinates its taxable value, and returns the amount to the Couuty Clerk, If tho bor rowed money has Leen used to moke fmprovements on tho laud, he assesses tho moncy n that shape aljo and returns ft. But'it does make a difference to the * poor devil " who borrows the money whether the lender 1s liablo to be taxed thereon. If ho fs, the lender will Increaso the rate of futerest to cover the tax, and the borrower must stand it. The rule s that the consumer pays the tax, and tle borrower I8 the ** comsumer," I mortgages were not taxable, money could bo borrowed In this State on real-cstate sccurity for at least 2 per cent Joss than Is charged. That is the way the ** poor dovils " who borrow are helped by the attempt to tax paper titles or liens as well as the thing ftself. e ——— An exchanga thus cpltomizes the condition and “wants™ of the Tox Bcorr Pacific Rall- wy: The Texas & Pacifc Railroad people have been holdln; sn annual meetiny, and settled upon what thuy are qulnf 10 usk Cougress for nt the noxt ses- wioir, ‘Fhey Tave wiscly abandoned the branches to take caro of themsclves, and ask ald ouly for the 1,400 mlles of main rondway from Fort Worth to San Diego. The form of the grant destred iv 35,000 per milo In Government bouds of 5 per cent, 83,000 per mile to remain In tno Treasury as sinking fund and surcly, besldes which a firet mortgage will be given o the road aud its 18, 000, - acres of Iand; the limit of the Uoyernment's Liability to be 32, 500,000 year, and this 80 secured a3 to forbid any ultimate lo Thoe Company has already 40d mfiles of track this aldo of Fort Worth, of wliich 110 waro built darlug tho last_year, For this amount of roadway, with 8fy locomotives and 1,000 cars, thu ltabilities of the road are $18, - 400,000, of which tho foating debt is loss than three-quarters of a milifon, with $100,000in bonds to mee l‘lfll. Tue business of the running road the Iulfly‘ur was §2,382,000, of which $310,000 waore protits, A rood that is golog ahesd and prospering lko this should Le satisfled with Its present Government endowment In the shape of an enormous land-grant. Lot It alone, and the Company witl bulid thelr eud of it as fast as the country It traverscs reuulres Its use. The Call- fornla Compuny {s bultding eastward, and will meet the Texas Pacltic half-way, without any graut of Qovernment bonds. The sentiment of the country is agalust adding to the public debt for the benefit of any raflroad company. But we are surprised ot the modesty of the Tox Bcorr peoplo fn hauling Iu thelr horus in the shapeof “bravch roads,” for which they had demanded bouds, e — One of the Republivan papers of Ohlo, speak- ing of the Republican platform aud Guber: torfal candidate, on the sllver question, observe: ‘The distance between gold and silver now ls the measure of thu advantace tnat the fow bava gated over the many b{ dewounetization. Public opiaion in Ohlo s uverwhelming for the use of allver as lawful mane‘—rur the double standard and al) that it fmplies. The resolutlon Is a contrivancs to cheat them. The “llllwm pays tribute 1o the causo of remonetization by dewanding {t. thongh pugnlltmul canditions are_prescribed. The Ho- publican candidste, Judge Wear, duvs not under- stand the guestion, and ls rllnnlnfi wild. Tha thing to do s to hammer the facis Into the pea- le, and sce that Uklo 18 represented in the next cungress by & solld silver delegstion—a delegation aolid fur the vld dollar fn its old place, to becuined unti we hove at least as good reavon as the French bave for the linitation of coinages; ond at least threo years would bo required Lo supply tbe coun- try from our miute, 80 that we need nut for the present consider at all the policy of Jimitation: after the example of th tin Unlon. e — A correspondent of the London Zimes visited the Russian beadquarters the second day after the battle of Plevus, and reports what the com- mauder told bim: Gen, Scuakorrsxt told me that during the at. tack they could sea nothlag but the tops vt the Turklsh fezzes over their intrenchuieul the Moslems rested their rides va the the earthworks, snd poured a cease! ratu of bullets from their brevca-loaders which no troops iu the world could withetand. Beverul times his men reached the inircachments and bayoueted sonie of the Turks inaide, but they could nos hold their footiug, and had to 1all back, cut Lo pieces by tho inferoal Sre. as the Genersl chamcierizod it ke Were gé foolish in not fullowlog ap cess A4 the Ruusians were in waking the ack., Had Osxax Pasha come oulof hisintrench- wents and followed up the Husslaus, he inlght bave turned their repules Into an utter rout, which 2""3" havo endangered the Dontoon-bridges at wtovs. e ———— A correspondent of ong of the London Turks ophile papers, writing from Jenl-Saghrs, sends a gory story of Russlan atrocities, sod draws e touching picture of beautiful Turkish maideus slaugbtered by Bulgarians and Cossacks. As the London Z¥mes recently stated lu It editorial columna that these Turkophlle correspondents bad their atrocitles manufactured for them in the miil st Cunstautinople, sud wese pald for sondng them to England, the natural inqsicy will be how much this butcher of Imaginary ‘Turks got for his fctlon. Unscrupulous corre. spondents in Turkey have found a Lonanza |y the atroclty business. ———— Stitsox L. Heremisae, who has made something of n aenaatlon In Journalistn and palitics t st3 Louls a4 the wanager of the 7vmes newsnaner ang’ a Hoarbon Democratic leader, I eager to buy 1hy New York Worid, and has offered 8 qunrter of 5 millfon doliars for it. The present ownere, whne ever they, he, she, or it are, had better sell. Tng paper hae certainly greatly Improved under ity present management, but it has not suflicient exs cuse for belne, nor 8 suMiclent inaured Datronage 1y Justity {a being, held abore that sum of money,— Sprinafleld Lepubtican. It Hurciins buys the World, tho thing then dowill he to consolldate It with the .s‘uuf'r: there will beno fleld for or need of two Sung, The World, under Hutcning, will be just nitra partlsan, violent, unfalr, personal, and vituperative asthe Sun, Jlence tho Interesta of both would be served by fusion, ‘The President and his part) making hosty of fricnds In thelr pleasnut jaunt through New England, and have made a very declded Impres. sion upon the old-fashioned people of New Hampshire and Vermont by tuelr own unosten. tatious manner of travoling. Iu excusing him- self from visliing Portland the President evi- dently had In view Mr, Br.A1ne's invitation tobls louse, Ho fearcd the Greek Learlng gifts, L i ———— There seews to beadirect connection between the two sections of the Communistic demnany that “the Uovernor's prerogative to parden criminals duly convicted of crling be revoked, and * the repeat of theunjust (1) Vagrant law.,” - ——at— . ‘Would the Communists have ' us understand that there are only 1,000 workingmen In Chleago? e ——— Why don’t the Democrats of Montana howl for the withdrawal of the troops from tlat Territory? —— PERSONAL, Mrs. Lafayetto Manpen, of Athens, Ga., aged 15, Is a widow, Roclester Democrat: * Grent contest after two months of marrlod Wfe~Which shall by speaker of the house?" Miss Annio Loniee Cary has contracted for 82,400 monnment to bo placed In the family cem. etery lotat Durhgm, Mo, 1t wiil be of Hallows]] Erauite. 1t is stated that the friends of Gail Mam. ilton hava offcred to buy the Springeld Republican for her, and have made up o purse of $50,00)," What ailey doos Mr. Uowles proposo to set him- sl up on thent Charles Gitenu, o Chieago Iawyer who has discovered that the second ndvent of Christ oc- curred at the tfmo Jerusulem was destroyed 1n 59, has been on a prolonged lecture tour, which has netied himono dollarand twenty cents. A Texas paper saya: . * Yesterday a darkey came Into Oale & Bright's drug store, and told Mr, 1, that walle bie was at the colored camp-meeting, near town, the devil appeared in their midet with seven heads, and a crownon eachhend, The meet. iog brokoup In o panic, thé preschor Lelug the firet one to run, " - Danbury News: Atlarecent funeral in Danbury the services wero delayed In waltlng for the nttendance of a nefghbor. As tho paticuce of those gathered was nearly exhausted the lttle daughter of the tardy frlend appeared and rald hee ma had a baking in the oven and would have to wait until it came out, The fanera} proceeded, Chief Justice Walte, of the United Btates Supreme Court, and Mrs, Walte, who have been montioned as vislting st Norwich, Conn., aro paes- ing the chlel portion of the vacatlon measonat Lyme, On noxt Tueaday ovening Judge Waite wiil ba the guest of the Hon, Thomas C, Acton, ex-Pollce Commisslonor of New York, at hls country resle dence in Saybrook, Conn, ‘Those classio quotations which abound in speeches of 8 bygono day are now but rarely heand in Parilament, Greck fuotations have almiost ene tirely disappeared, sud sentences from the Latln sutbors—pronounced, of course, ¢ ' Anglates— seem rapldly going out of fashion, As regards quo. {ations from Uritish acthors, they may be hoard more frequontly In the Capltol at Washington than at Westminater,—London Letter. ‘The Quoen's maids of honor aro all grand.™ daughters of Pears who are not below the rank of Earl, that belng a #ine qua non of oligibllity for the position. They receive $2,000a year, and if they marry the Queen prosents them with 85,000, Each 1 on duty about two months inthe year, Sluce the Princo Convort's death they have had 8 dreadfully dull time of it, Many of these ladice have remalned on until past 50, ¢ John Frost, the Chartist, who hos just died In England at the ago of 00, was the herd of the Newport riot In 1849, ond his mame at that time struck terror lato tho respectable middle class, 1le was hailed 8s the coming Hobesplerre, Ue had then 10,000 armed followcrs behind bim, Whethor thelr purvosa was a revolution or merely to break Into Nowport Jall and rolease thelr trienda could never be definitoly ascertainod, but the latter theory has been tha more widely ace cepted. Tho sentence of Frost was st firat capie tal, butJt was commuted to transportation. lived to serveo out his time, and to pass the last twenty years of hus life in his native land, Mis enrly feats were forzotten and forglven; and the Spectator says Englishmen have, in fact, as much now to dowith the Hegtarchy as with the comuv. tion of which the Newport maglstrate was the soul. For the following recoguition by Ar. C. N. Bovee In the Evolition we may bo connidered as blushing violently: **Probably in the [future of Journallam, paragraphlsts wlll largely take the placo of leader men, who will find & fitter aphers for the display of their talunt within the limits of periodical literatare. Obviously, very long artl cleaare out of place whero so little time can be given to them. And, Increasingly, with so much 1nore (o report than formerly, newspupers in foe turo will need to report more briefly. Witkso much more, al1o, 1o comment ou, as ‘evolution from the simple to the complex’ gocs on, the epl- gram must be made more & part of the nawspaper programme, journslists remembering more and more that, In writing of thinge to bo remembered, one niust writs with polnt and 1o the point, longer articles sund fuller comments belng left for the lsrgerand fuller equipment and preparation of - writers for periodicals and of books.' Mr. George Fox, who was known in the United Statos a few years ago as one of tho late A. ‘T Stewart's partners, now retired from buel- nees, and Is lving at Elmhurst, near Lichfeld, shire, Encland, He s engsged largely reeding short-horned cattle on his estate, ‘which {u extensive and aboundiag [n pasture lands, His irat sooual public sale of shors-horned cattle took piace July 10. It was adraftsale of forty- seven puro-bred beasts, and escited tho mort soimated bldding. Tho **Second Cambridge Lady," oze of the Roso of Sharon family, brought 1,100 guiness. ‘fhe entire salo ylelded about $35,000, The sale was preceded by & luncheon, at which the Duke of Manchester occupled the chair, Theevening beforo the sale Mr, Fox enler- talned at dinner the Duke of Manchester, the Earl of Dective, Lord Moreton, snd twenty other guests in tho beautiful old hall on biv estate, ‘which hasaclalm on history, baving given [t and protectionto tho Roysllsts during the Lichgeld, Reymond's passion for flipping coins is proverbialfn tho profession, There sre milllona init—for the other man. On one occasion at Mt waukee, of & snowy, blustering win day, be had enzaged fu the fesciuating sport with bl agent (who, it lsreported, —though Tns TrisUNE does not belle story,—psid Reymond §40 8 week, and bo | bls own expenses. for the priv- 11 t belng fn & position to Alp with biw), sod bad Jost about $227, when the botel-porter su- noanced the departure of tho 'bus by which tha agout must leave, Hufniedly catching op his coat and 1rsps, tho agent ** just 8ipped vnce mure " for $25, and loat, and ded down stsirs and throughtue ofice tu where ‘bus, already ‘délayed, was walting, pursued by Rsymoud In hls dunlnx‘: gown and slippers. **Guod by, God bless you, elaculated Col. Sellers at tbe top of the stepii **just once more for fifty. Heads!" and ho won. The door of the’bus swung to, and the vebicle was rapldly driven sway, when 8 cry of **5top! Hold on!" was heard, and Col. Sellers, jn snotber wan's bat, and still another wan's cost, snd bis ownelippers, was secu Aylng torough the mud in pursuit. The driver pulled up, sud with one bound Reymond reached the step, sad bofure the porter could open the door thrust in bls hesd through the window sud panted, ‘*Ouoe more— fora bundred!" Tbe effortaof four atrong mea were requised to remove him, ge of .