Chicago Daily Tribune Newspaper, September 6, 1877, Page 4

‘THI CHICAGO ‘TRIBUNE: THURSDAY, SEPTEMBER 6, 1877. Ghe Tribune. TERMS OF SURSCBIPTION. RY MAlI-—IN ADVANCE—POSTAGE PREPAID. fom: Literary and ch. Faturday kdition, twedl Trt Weekly, one year... Kertavt a year, per mo 9 S Chior fe Chun of twenty. Spectmen coptos sent free. A ‘To prevent delay and mistakes be sure and give Post: Ottve address {n full, Inclading State and Connty. Heanittancea may ha made elther by draft, expres, Frst-Uffice order, or in regtatered tetters, at our risk. TEAMS TO CITY SUnSCRINENS Dally, delivered, Sunday excented, 25 conte per week. Datiy, delivered, Sunday tneluded, 20 centa per weekt Address THR TRIBUNR COMPANY, Corner Madison and Dearborn-sts,, Chicago, It, Orders for the dettecry of Tum Tainume at Rvanston, Foplewood, and liyde Park left in the couuting-rvom Will reewive prompt attention. MeVicker’n Thentre. ‘Medtaon street. between Btate and Dearboro, by." Mesdames Don, Stoneall, Maye, otc.; Messrs. McVicker, Wheclock, Pearsun, cte, pe Hooley’s Theatre. Randolph street, between Clark and LaSatte. ‘*For- Didden Fruit” Mesdanes Newton, Myer ote.$ Moers. oben, Crans, O'Neil, ete. Adetphi Thentre. Monroe street, corner of Dearborn. "The Flag of Monor.". Grand iailet, ted by Miles, Hoss and Le Tournoure. Cotton's Opera-House. Monroe street, between Btate and Deatbora, First class variety. John Hetlly, Thateber wad Hume; Mis Sulla Walcott, ete. New Chicugo Theatre. Ctark street, oppostte Sherman Mouse. Haverty's Minstrels. Mears. Add Nyman, Billy Carter, Moran, etc. Exposition Building. Michigan avenue, uppoaite Adams strect. State Industrial Hxpoaltion. Day and evening, Inter SOLIETY MEETINGS. Commandery. ‘Train, returaing to rive at tho Dopot at 3 o'clock. giguibert or te Curmanderics aro. courieudsly iovi- eh us. rot the £. C. oe 7 oyeRe DUNLOP, Recorder. THURSDAY, SEPTEMBER 6, 1877. CHICAGO MARKET SUMMARY. The Chicago produco markets were generally stronger yestorday, aud breadatuffs were active. Mesa pork closed be per bri higher, at $12.30 22.55 cash and $12.87}4012.40 for October. Lard was stronger, closing at $8.47%@8.50 per 100 Dv cash of seller Uctobar, Meats wero firm, at GX for loose shoulders and Uxe for do short ribs, Lake freights wore easier, at 2X@ ctor corn to Daffalo. Highwines were steady, at $1.09 per gallon. Flour wns more active and stronger. Wheat closed 1@2c higher, at $1.08 for Boptember and $1.04 for October. Corn cloecd le higher, at 44Xe for September and 44@41%0 for October, Onta closed steady, at 2ic cash and 243 for October, Kyo waa steady, nt SA}c. Darley closed Armor, at GUXe. Hoge were active and atrong, with rales of common to choico at $1.50 6.50, Cattle were active and unchanged. Sales were reported at 82.500, 1234. Sheep wore firm, st $3.00@4.50, Ono hundred dollars in gold would buy $103.25 in greenbacks at the close, In Now York yesterday groenbacks ranged at 96{@yGL, Al Marictta yesterday Private Darzexs let loose the playful pups of horrid war, and tho excited multitudes of lookers-on upon the high hills surrounding tho mock battle. field swallowed vast clouds of gunpe #der, and hooted hilariously, ; Mr, Atpaicn is becoming moro and moro sanguino ng ho plunges deeper into theBtato Savings affairs. ‘Tho real estate is turing up better than the Comunittoo expected, and the aéfnte Congressman figures out at least 50 per cont, if not more, for the dopositers. If it woro not for the Greenbackers, Pro- hibitionista, and similar lunatics in Massa- chusetta, thera would be nobody to nominate Wenpext Pinups for Governor. Since it pleascs him and hurts no one else, they may as well keep it up until thoy get tired of it. We print tho nddress made yestorday at the Agricultural Pair at Boloit, Wia., by the Hon. Sonuyize Conyar. The address ia an eminently practical one, It ison the anb- joct of ‘Hard Times,” and the apeakor with- out circumlocution stated the cago plainly and directly. ‘That portion of tho spocch relating to tho restoration of silver was clour and forciblo, strong in facts and in argument. Among the features of the grand Federal and Confederate reunion at Marietta yoster- day wos o sham battlo, in which sonyo 700 or 800 soldiers engaged, and which was won by the gentlemen representing tho Union sido, Tho list of casualtics has not yet arrived, but it is to be hoped that Private Dazzezz, did not fall sword In hand, fighting - nobly, and only yielding when pierced with a gicss of csunon-balls of the largest size. erences It has been decided by Washington au- thoritics to invite Sirti Bon. to return, give up his arm and horses; and go upon o reservation, whore he will bo supported by tho United. States, Should bo decline this liberal offer, it is propoucd, if posslble, to enter into an agreement ‘with the Canadian Government whereby the intractable savage ay be turned over with his gun, tomahawk, scaly-tocks, and ali his other paraphernalia to hiy Cousin Jou A number of amateur archwologista have entered upan the exploring of tho Indian inounda that lio thickly scattered through Kane County, Ill, Au interesting dispatch in another column affords in detail the re- sults of investigation iuto one mound, which developed a niagnificent skeleton ond some leas sutisfactory specimens of * human wa- rious.” ‘The researches are to be prosecuted, uad the prospects aru that they will give to the world @ great deal of valuable ijuformation coucerning these relics. Cnazy Honse has been acting in a manner seleulated to justify his mame, Ho was ar- vested at Spotted ‘ail Agency Tuesday night wd taken to Camp Robinson, Nob., for isfety. While the officers were trying to disarin hima in the guard-house Mr, Horse stabbed Lrrrty Bio Man in the side, Honsz ‘was also stabbed, und the Indisns are all torn up by the encounter. They havo retired to their villages under the pressure of great ox- citement, and the troopa aro under arms, prepared for any emergency, Communism in Chicago is slowly fading and dying s natural death. Sporadic efforts to establish it on some kind of a basis ore made, but they fail dismally, and it ia evi- dont that tho day of ‘the party” will never come. Workingmen have no use for it ‘There ig nothing in common between then and such men as Scuttiixo snd Parsons; and, though these wor- thies still froth at the mouth and how! Jondly foz the suppression of capitaliste, they find no favor among tha honest labor ers, nnd their endeavors are as nought. Two mectings of the craft were held Inst night, at ono of which the balderdash of much as- semblages was the feature, while at tho oth. er ono workingman and fonr. politicians ap- peared, It is quostionable if another rtrong effort will be made, and the people of Chi- eago will suon sea Communism pasa to ita gravo and its leaders into eocinl oblivion, The roport of the capture of Lovatz by the Rnesians {is confirmed in the dispatches this morning. The loss of this important strategic position will be soverely felt by the ‘Larks, as it is belioved that its capture and occupation by tho Russians will bar the way to a junction of the forces of Osman and Surentan Pashos. It is ovident that the Russiang have resumed the offensive with spirit and vigor undiminishod by tho heavy defeats they havo suffered lately, and that warm work may bo expected during the ‘romainder of the season, Solicitor Rarxer, of the Treasury Depart- ment, who assaulted Muataan, of the .Va- tional Rejnblican, appeared before a Police Justica in Washington yesterday, and, aftor reading along paper explanatory of his ac tion, pleaded guilty of the offense and waa fined $20, Muntaau’s attack on the Solicitor ‘was not such as to warrant the chastisement administered. The paper merely spoke of hits age, and did not attack his character, private or public, and the Court concluded that to criticise the bald-headed gpndition of aman in this day docs not justify a aho-bear aort of retaliation, Tho speech of tho Hon. James FP. Witaon, dclivered at Altoona, In., last ovoning, on tha subject of tho curroncy, is reported in our columns this morning, and will bo found an unusually clear and concise ptesentment of tho three prominent heads of the currency quostion—the abolition of the National Bank system, the issue by the Govornmont of greenbacks to take the place of the cireala- tion thus retired, and the remonotization of silver. Of tho impolicy and absurdity of the first and sooond, aad of the imperative necessity of the third measure, Mr. Wiison's argamenta aro forcible aud convincing. ‘The death of Eowann 8. Pirzn, alias Pon- ‘ten, the forger, has dovoloped another inci- dent in the vonorable rascal’s Info, Hoe was ‘one of the most artiatio and successful men in his nofarious business, nade a great deal of monoy during his career, and died in ab- soluto povorty. His son, who Is the editor of the Sheldon (Ia.). Lnterprise, arrived at Joliet yesterday, and was astounded to Icarn of bis father’s death. ‘This was not the only surpriso for him. Upon Introduction to the widow, be declared that Pures had another wife and throo children living, and this was tho first he had heard of another spouse. Young Prren sald farther that he had mort. gaged his home. to supply his father with money; the mortgage had boon foreclosed, arid he was without means to defray tho ox- .ponae of afunoral, A colloction was taken up, and the romains of tho old man con- siguod to rest after a stormy and wild careor. ‘Unless tho friends and spologists of the Republican ox-oficials now undor indictment in South Carolina can convince the country that bribery and robbery belong properly in the category of ‘ political offenses,” they may as well stop charging bad faith upon Gov. Haupron, who promised that no such prosecutions should bo instituted. In the first placo, it is not the Governor, but tho officers intrnsted with tha duty of prosccut- ing criminals, who havo instituted theao proceedings against tho thieves who used their official position to plunder tho people; and, oven if Gov, Hampron were oxclusivaly responsible, he would be entitled to the thanks of honest mon overywhero for bring- ing theso sconndrols to justice, But to plead “' political offenses” won't do; we in Chicago, with our ‘experience in corrupt Rings, calla thiof a thicf, whether Repub- Nean or Democrat, ond don't call it political persecution whon the Grand Jury gota after the County Board. A ‘Tho open doclaration of war against tho Administration, which was expected in tho Ponnsylvania Republican Convention yester- day, was not made, but in its place thero was vouchsafod a sort of half-way indorsement of tho President's Southern polloy—a recogni- tion of tho honesty and patriotism of hiv niotives, s hope that the result would be in accordance with his hopes, and an asauranco of support in the efforta of the Admin- istration to carry out the principles of tho Cincinnati platform, This is something less than actual warfure, but it is also something less than the cor. dial and wholo-hearted support to Prosident Hayes which the Pennsylvania Republicans ought to havo givon. ‘Lhe potency of the Camenon control provented it, and also do- feated Gov. Hanrganrr in tho issue raised on -the nomination for Auditor-General, Evidently the time hoa not yet arrived for Ponnaylvania to smash the machino, though evidences sre not wanting of gratifying progress toward this result, We find the followiug remarkable item in the Tuscola (Ill) dtoofew of the 4th inst, charging that a man named Greexwoop, of that place, who had committed a most brutal and deliberate murder of a farmer in tho neighborhood, kad been pardoned out of tho Pouiteutiary by Acting-Gov. Joun L. Brv~ xuipor, ou tho Isat day of his terin, Jan. 8, the pardon to take effect the 16th of August, 1877, Bays the Jteriew: O. P, Gueexwoon, who went to Joliet for twon- ty-one years from Coles County, returned a week or two agg, after having served only soven years, Ula return wasa surprise to the genera) public, which Grezxwoon explained away by saying be had been pardoned for ineriturious conduct. Of conrso mobody cared to lotesfere with the opera- tons of the law or convict dlecipline, but at the same time 3 wasregarded as inyaterlous that a man should shorten s twenty-one-year tera to seven. As Gussxwoop showed Gov. Curtom's indorse- ment, which restored him to citlzenshlp, the public natursily accnsod Goy. Criom of con. bpiring ta defeat the onds of justice tn Guruxwoon's case. Now, Gov, Cvttow te the Hectew's candidate for Uaited States benator, and it asked an ecxplancdop, Gov, Curtom replice that the official record shows GuexNwoon to have ‘been pardoned by Joux L. Byvsuipox on Jaa. 8, 1877, the last day of Bevsuivgs's otticial career; and that Jim Coxnuty, of Coles County, was tho nau who obtalncd the pardon. We know nothlog sbout 0, P, Guzexwoon, of the crime be commit- ted. But whens Jory of his nolgbbore sent bim to Jollet for twenty-one yoars, Jouw L. Bevsaivex aud Jim Coxxoity committed extra judicial crime. fu tarolvg him looes atthe end of seven yoare. Gov. CULLom, we are glad to stale, bad nothing to do with this outraze, : This is a very curious case; there insy have been others like it, but we have no knowledge thereof, Where did Mr. Brv- zninoxg obtain the lawful authority to make out a batch of pardons on the last day of his term to take effect wouths or year after his retirement from office? Wo are inforined thet the murderer Gezexwoop walked into Gov, Cutrom’s office a few days ago, prescnt ing his past-dated pardon, and demanding a cortificate under the statnte restoring his citizenship, It is further reported that after the Governor got over his nstonishment a little he made search in the pardon-book and found there were more past-dated pardons for varions crimes entered therein, to take effect from time to tima during Gov. Cortom'’s term; how many such cases there are, we have not learned. Would it not be advisable for the Governor to get the opinion of tho Attornoy-Gonernl na to the legality of such pardons, and act accordingly ? “THE OLD FLAG-—-AND AN APPROPRIA- TION.” The last Congress, to its honor be it said, refnsod to renow the subsidy to the Pacific Mail Steamship Company; but already tho lobby has beon engaged to make the demand at the next reasion, and thero is no doubt that it wil bo pressed vigorously and enrnoatly. A history of the last subsidy may prove of intorest, and at the same time show to the country how utterly frnudulent the whole subsidy business is. 'Tho original subsidy was voted in 1865, It granted tu the Pacifts Mail Steamship Com- pany $500,000 n year, for ten years, for n monthly mail service from San Francisco to Japan and China, The contract expired in Jnly, 1874, and the last Congress refused to renow it, ‘The total payments under the contract wore $5,000,000; tho postages col- lected on tho nails in the ten years wera 8150,000,—a Ions af $4,850,000. Including interest on the expondituro, the loss exceeded 35,000,000. A writer in tho New York Times, to whom we mo indebted for tho facts herein stated, rolates that at the tima this subsidy was voted tho Company was paying large annual dividends, nnd its shares wero selling in Now York at from 100 to 150 per cent preminm. Ontside of its steamships it held other proporty iu San Francisco and Now York valued at from $7,000,000 to 810,000,000, The capital stock of the Com- pany waa increased to $20,000,000, Four large steamships and two large sidc-whoel whips were added to the line, at an outlay of $8,000,000, ‘The value of this investment haa shrunk to $300,000, the steamers boing now worthloss, oxcept to the ship-buildor for materials, Tho trade has never paid its expenses. Tho market value of tho Com- pany'’s shares bas shrunk from $40,000,000 to ,$4,000,000; all its proporty except tho steamers has been sold, ‘The Company operated a coast line, which has beon profit- able, and the China lino, which haa been losing from the first, The cost of tho whole foreign postal serv- ico of tho United States for the year 1876 was $722,044, of which $500,000 was paid to tho Pacific Mail Company for tho monthly mail to China. Tho total cost of all tho trans-Atlantio mails for tho samo yonr was $172,343, the latter being dispatched four times a weok, and the Chinnand Japan mails once a month, Tho mail-matter sont during the yoar by the Atlantlo lines thus oom- pares with that sont by the China lino: Sent to Europe by Atlantio steamors, 8,928,- 889 letters and 9,000,000 papers; sent to China avd Jnpan, 96,717 lotters, and received 169,717 lotters, Estimating tho number of letters brought to tho United States from Europe to be oa great as that sent, we have nearly 19,000,000 letters, transported at a cost of $172,000, whilo we paid $600,000 for carrying 166,434. ‘Tho total receipt of post- ages from tho China and Japan mail was $18,679, The mail service was divided bo- twoon the Pacifico Mail Company and tho other, an unsubsidized company. Mnking allowance for this, the people of the United States’ wero taxed at least $4 for the transportation of each letter carried by tho Paciflc Mall Company, Of tho exports from San Francisco to China and Japan, conalderably more than half tho ton- nayo ia carried by tho unsubsidizod line. The import trado is not sufficiont to support inore than one lino of steamers, ‘Cho socrot of tho cmploymontof the largo steamary ia tho traffic in Chinese immigration, which is the only profitablo part of tha trade with China, ‘fhe faro is $60 on a Chinoso steerage passenger, and tho number bronght on ono trip has often exceeded 2,000 Chincse, ‘Iho regular stonmers facilitate and encourage Chincso finmigration. It is quoationablo whether auy portion of the American people favor the appropriation of money from tho ‘Troaaury to maintain and encourage Chineso immigration. , The rival company in this Chinese trado is called tho Occidontal & Oriental Company, In 1876 it carriod the mail for the ocean postages alone, and it clained to havo car ried as inuch mall matter os tho Pacific Mail Company carried. It recoived only :?2,631, whilo the Pacific Mail received for tho samo sorvico $500,000, ‘Tho Occidentat Company, howovor, has given notice that it will not carry the mails at that price any longer, and hay also applied for a grant of $500,000 n year, The two Companios, therefore, aro exking $2,000,000 4 year for carrying about 1,000 packages of mail matter, each packngo of less weight than that of o barre! of flour, or equal to $1,000a package. The Occidental & Oriontal Line is run in the interest of, if not owned by, the Contral Pacific Railway Company, and of course its managers un- dorstand the subsidy businces thoroughly, Having obtained a subsidy of $27,000,000 for tho railroad, it will of course insiut on having» further subsidy of half a million of dollars a yoar to sustain its feeder, The great claim of the subsidy people is national glory and upholding the national flog. ““ Enconrago Amorican ships bearing the Amorican fog!" ‘This pretense is thus cruelly mangled by the writer in the Now York Times, who gaye: 4 In November Jast, a memorial to Congress wae Botton upla the interest of the Pacific Mail In San Frenclsco, 14 asks for a renewal of the subsidy of $500,000 per aunum, which the memoriallete modestly term ** moderate aid.” It was signed by some ity respectable citizens of San Francisco, The momorial a thickly padded with patelotic wentimunts, and sppeale to Congress to ald tn tialntalaing the supromacy of ** our Asg" against the competition of British steamsbips, backed by the British Government, etc, One paragraph de- cluros that **our itag ia proudly borne on the Pacidobyunly onecompany, itis inbeball of Ubat one company thatthe underelgned sopicit,* ete. This all sounds very nice and putriotic, but, wngular to rolate, Just threo dave later appeared o memorial to Congrese in favor of the British Mine , (Occidental & Orieatal Company), in which Congress la asked to '* place three ateam- ere (ritivh flag Included) on the same terms as the Pacitc Nail steamers," by giving the $500. 000 ubsldy, ‘The sntl-American ites me- signed by twenty-five of the most promt- nent slgnere uf the spread-eagle memorial of the Pacific Mail, One other paragraph in the memorial of the Pacific Mat] Company deserves mention. 18 3 ‘Srespectfully represent that the sus- & great Company, whoed officers and seamen are our brothers and fellow-citizens, 19 an act worthy the Legtulaturo of 8 great country." ‘The cool impudence of the above will be apprecist- ted when it isstated that the crows of the Pacific ‘Mailsteamereon the Pacific Ocean (un the coast- whee as wellss oo the Ching Ine) ate hinamen; thoy are manned with Chinese sailors, Chinese Sremen and coal-passors, Cainese cooke snd stew- ands, Chineso labor Is employed fn uvery depart- Mentonebip and on shore, to the exclusion of Auicricen labor. For patriotism thas exemplified, Congress in expected to vote a geatuity of $500,000 a | cool and regard his whent in hand as the ont z The refnsal of the Occidental & Oriental Company (that is, Contral Pacific Railroad) to carry tho mails for, tho aca postage is a mere threat to coerce a subsidy. Tho von postagos average $1 por pound on mail-mat- ter, Tho steamships labor industriously to secure freight at one cent per ponndto China and two cents per pound back, consequontly, while the Companies carry flour at $2. por barrel to China, they refuso $200 for the samo weight of mail matter. Congrom, how- over, has the power to apply a romody for sucha ‘strike an this. It has tho power toregniate tho commerceof the United States, It can require that all vessels, American or foreign, arriving or doparting from our ports, shall carry such mails as the Postmas- ter-General may dosiro to send to forcign countrics, or which American Consuls in for- cign ports may desire to. forward’ to tho United States, and recoive sach compensa- tion as Congress may fix,—say the ocean postage theroon. ‘That, na a regulation of commerca and a condition applicable to Aimerican vessols as well as foroign, to be on- forced by proper penalties, would probably putan end to any such refusal to trangport ; the mails. If the Central Pacific Railway desiro to test the authority of Congress to mako such a regulation, thoy may find that the power can bo oxercised over railways as aver vesscls on tho ocean. Thera was nover a more scandalons and infamons robbery than this subsidy of ocean steamships, There never was an honest apology forit; and this claim now should not only be rejected, but with such promptness and omphasis ns to forevor ertsh out all further attempts of thnt kind in the future, ——_—— THE BEARS IN WHEAT. Aconplo of weakango Tue 'I'ninuns gavo the farmers a warning not to be deluded by the speculators who were selling wheat short of tho current price for future dolivery, While the beara wero solling it down, down, down, till it reached 91} conts for Septem- ber delivory in Chicago, wo told the farmers of tho Northwest that whoat was about tho Dest thing thoy could hold for s while, and that tho only way in which the bears would bo able to reach their oxpoctations would bo ‘by a panic nmong the farmers to rnah whont to the markot and got what thoy could for it. Wo reminded thom that the wheat crop was short in almost every part of the globo ox- copt in tho Northwest, oertainly short in California, England, Franco, Holland, and tho Atlantio const of Europo ; that tho Black Sea product would be cut off altogether by tho Turko-Rugsinn war; that the Indian famine is suro to cut o figure in the domand ; in one word, that there was only ono cortain and abundant supply, viz.: in the vast wheat crop of tha Northwost, Novor- thelogs, tho boars went on boating down the price. Tum Trrnvxr’s articlo was timely. It was widely copiod throughout the West; the farmers quickly npprohonded the sound. ness of the adyico, and have acted upon it. Wo desiro now ,to reiterate. that advico with the confirmation of itssoundnoss which | events havo alroady afforded. Tho gentle- menin this market who sold down to 91} conts aro confronted now with tho cash prico of $1.16, and thoy will be obliged to buy in at somothing like that figure if the farmers keop cool and sond their wheat along slowly’ in response to tho legitimate domand. Tha Now York bears havo beon caught along with the Western bears. Tho spoculatora in that market havo until recently confined their operations to stocks;-but tho stock-markot Decamo #0 badly demoralized that thoro was no moro epeculation in it, and thoy turned their attention to grain, Thoir experienco of late years in stocks has taught them that tho short-sollor was protty suro to win, ag stooks wero pretty sure to keep on going down, They have sought to apply the samo rulo to wheat, making no allowance for tho genorio difference betwoon a watered. milroad stock and tho stuff the world livos on. They havo beon badly bitten. They undertook to sall the farmer’s produce which they had not yet bought at prices lower than tho farmer waa willing to accopt, Tha former was not consulted in tho mattor at all, Tho Now York bears dhi not own tho property thoy havo beon solling. ‘hey woro trading on the substauco of other people. And now they have boon brought up with the round turn they doservo, Thoy have begun to send ont their orders to Chi- cago end Milwaukee, and to scour tho Northwest to buy in the prop. erty which thoy havo agreed to de- livor this month, Our advice to tho farm- ors ta still to hold on, selling only onough wheat to mect tho legitimate Gamands, and at a good ronnd price. ‘tho New York * shorts” who have agreed to deliver there in Septomber must buy the property here in the West bofore tho 10th to got it there. Let thom sweat, to use ahomoly but exprosa- ivo phrase, ‘Tho farmers have no interoat io helpmg ont of a bad place o lot of gamblers who formed conspiracy to put down the product of tho West. It is a good timo to teach them alesson, Let thom confine themuyclves to their wildcat -stooks ; the West has no intorost in that sort of thing, But they should bo taught, if thoy are going into the grain businoss, they must go into it logitimatoly, aud that any combined effort to sitdown upon the West and squeezo the price of Weatern products to sult their specu- lativo neccssitics will always result in their getting squeezed thomsclvca. Besides teaching the Now York beara o timely lesgon, we shall bo sorry if the farm. ors flud occasion incidentally to teach Chion- go bears a lesson at tho wamo timo, Chica- go's intoresty are identical with the interests of the West, and they aro best promoted by socuring good prices for the Wostorn prod. ucts, The bear tendencies of New York may be accounted for, porhaps, because Now York representa the local consumption of tho Eastern Btates, and the desira to com. pete on vantage ground with other markets of the world in xulling to Great Britain, But this isa year when the bearsin breadstuffy must step aside or go down, Thero isan in- creased foreign demand, a shortage in the other groat wheat markets of the world, and the Northwdést has an abundanco of supply. It is o duty the farmers owe to thomselvea aud the whole country to meko the most of these exceptionally favorable conditions. With prudence -and good judgment, they msy realizo enough on this year’s crop to poy off, or materially re- duce, their indebtedness, and lay in a botter stuck of goods, supplies, implements, ete., than they have bought at any time since the panic, The whole country will ahara the benefits. It will bo the beginning of tho ond of hard times. Tho merchants, tho bankers, the railroads, the lake marine, the manufacturers, the workingmen,—all - will prosper upon an improved condition of the agricultural classes. ‘Those who seek to de- foat this for speculative purposes of their own are enemics of the country, and will deserve no sympathy when thoy come to grief, AM the farmer has to do isto keop most valunblo commodity to-day on earth; the result will not disappoint him. WHAT HAS BECOME OF THE MONEY! Of all banking institutions that were over plundered by thieving officers, the Btato Savings dofies rivalry in tho rapidity with which its depletion was accomplished aud tho myatery as to whnt hns become of the stolonfands. Four yonrango tho bank was in firat-class condition, Mr. Srmwar's state- ment shows that conclusively, Thera were then about $4,500,000 of deposits,—on cnor- mous bnsinosa at that timo. The bank had nearly $5,000,000 of assots. Ita capital stock —$105,000—was worth a large promium, and was held by rosponsible mon. It hod n cash surplus of $105,000. Its actual cash In hand was considerably moro than $1,000,000, and it had 500,000 in United States bonds, and as much moro in State, county, school, and patk bonds, practically ns good. Ita mortgagos—31,682,000—wwera all good, Its policy wns to keep from 40 to 50 per cont of cash assots on hand. There is reason to be- liove that for two years more the bank was all right. It is pretty certain that tho pro- cess of disembowolmont did not begin till after Spencer had complote control, and Mr. Stwwar thinks that the actual crookedness doos hot date furthor than one year back. What became of the moncy isa problem thatisnow puzzling people who give the matter any thought, In round figures, about $2,000,000 havo . disappoared. How did Spencer dispose of that immonso sum within ayearortwo? Admit that half of it has beon swallowed up in bad investments like the Calumet swamp-lands, papor railroads, wildcrnoss real-ostate, nnd so on, how did Sranoxe got away with tho other million? He has acknowledged tho stealing of $500,000 by lenving bohind him notoa for that amount; but at — fenst $500,000 moro havo beon stolon which ho hea not acknowledged. ‘Tho monoy ho used to pay for tho atock ho bought cannot repre- sont more than $200,000. or $380,000 at most, for it is assorted positively. that ho took wilh him $150,000 from the Cook County National Bank whon he wont ovor to the State Savings. Ho hng not been ox- travagant in his habita, and, if ho had‘been, he could not well have spont $200,000 in a Year or two without exciting lively comment, It has beon whispered that ho dabbled in speculations on the Boari of Trade; bnt if he hed ongaged in that sort of business to any great extont, the fact would have begun to manifest itsolf before now; tho brokers he omployed would havo told what thoy know about his lossos, ‘Tho only investmont of which thoro is any account is the purchase of a homestead for his wife, which cost $30,000; but this sum is likeadrop of water in the ocean as compared with tho bulk of tho monoy he has taken, What has bocomo of the moucy? The question has some bearing upon thb invoati- gation, Is Srencen orcdited with having stolon mora than ho really appropriated for himeclf, and did othér mon got thoir ilngers in at the same timo? Or has Srencen lait his stealings by fornrainy day, ax the co- positors in tho Stato Savings Institution thonght thoy wero doing? Has he been tak- ing cash and cash socuritics, and saving them for the collapse which he know was comiug? Hoa ho got away with half a million in his pockot? Tho theory that ho has takon a large sum with him is sustained by tho mys. tery which enshrouds tho dlsnppoaranco of the assota, and also by tho circumatanco that cortrin collaterals like diamonds, which tho bank ought to have, oan bo found nowhere, In any caso, SreNcen must bo regarded as the champion bank-wrockor of tho timo. TARDY HISTORY, * Botter lato than novor,” ‘The old proverb aptly suits the caso of Maj.Gon. Hooxen, who, on tho 21st of last July, made hid roport to tho War Department of tho battle of An- tietam, which took placo in tho fall of 1862, ouly fiftoon years ago. In his proliminary latter to Adjt.-Gen. Towxsexp ho apologizes for his tardiness by stating that he com- menced to make an official report when call- ed upon at the time, but was not thon ablo to complote it, not having soon a portion of tho battle, Subsequoatly tha report bocamo mistaid and was nover recovered until a short tima ago, whon it wns returned to him from Washington through a clork in tho Treasury Department, whoso brother, an aide-do-camp of Gon, Hooxun’s, had intrusted it to his hands for safo kooping without hig knowl. edge, and until he should call for it, ho roport, which now for the first time soex the light, is a vory damaging ono to Gon. Mc. Cretian, and contradicts very emphaticully tho claim that the battle was a victory, ‘The eabstanco of the report, briefly stated, is as follows: On tha ith of Svptomber, 1802, Ricuanpson's brigsdo and Puras- onton’s cavalry were ordorod to follow the Rebol army on its retreat from South Mountain, and upon coming up with them to await the arrival of the First Corps, com. manded by Gen. Hooxrn, ‘The First fol- lowed shortly after, and the enemy malo o stand at Sharpsburg, Hooxen, not fooling himsolf strony enough to attack, waited uutil tho nextday, and at 2p. my. received per- agonal orders from Gen. MoCur:nay to cross the Antiotam and attack the Robel left. In reply, Hooxen informod McOtezran that his force was small,—numbering only 12,000 mon,—and that if he was unsuppdrted, oither by reinforcements or by a siinultaneous attack on thd right, ho would simply be fighting the whole Rebel army, and would bo “ caten up.” Ie croased that afternvon, however, and, after driving the Rebels bo. foro thom, his troops slept on their arms, A courier was sent to Gon, MoOrznian with tho announcement that he would resume the attack at early dawn, and urging him to send roinforcements, Tho next day his corps again drove the Rebols before then, but Gen. Hooxes was wounded and had to retire from tho fiold, his forces having the enemy at great disadvantage. Au episode of the Aight, showing the foarful slaughter of Sronswaut, Jaceson's brigade, bos neyer been stated before, and will therefore bo of interest. Gon. Hooxen says; ‘With thease dispositions compteted, tho vattle ‘was s00n renewed on the mornlug of the 17th. My object was to galn the high ground nearly three- quarters of a tile in advance of me, and which commanded the posltion taken by the cnemy on his retreat from South Mountala, to prevent which he had been reinforced by Jacnsun's corps during the night, aod at the same time had planted feld bat- terles on bigh ground on onr right and rear tocn- Silady our lines when exposed daring the advance. ‘We had not proceedud far before 1 discovered that abeavr force of the enemy had taken posecsaton of & cornfield (I have sloce lwarued about a thirty-acca field) {n my immediate front, and, from the son's rays Sailing on their bayonets projecting above the corn, could see that the tsld was filled withthe enemy, with arms le their hands, standing appar- ently at **aupport erms."" Jostructions were {in~ mediately gived for tho assumblago of all of my sparo battorles near at band, of which I think there were Sve or siz, to spring into bsttery on the rigbt of thi feld, aod to open with canlsteratonce, Inthe thue E am writing, every stalk of corn in the uortheru and greater part of the feld was cut as cluecly as could baye been done with a knife, and the alain layin rows pre- eirely an they had stood {n thelr ranks n few mo- ments before. It wae nevor my fortune to witnena & more bloody, dismal battle-fictd. Those that escaped fled in the opposite direction from our advance, and sought rofage behind tho trees, fences, and atone tedges, nearly on a line with the Danker charch, as thero was no resisting this tor- rontof death-dealing missiler, Ihave since been Informed by a Division Commander of Jackson's Ccorpe that the Iatter wan waiting for some atrag- Slers to arrive which had beon left daring hia night march from MMarper'a Ferry, In anticipation of delivering an attack on my command, The whole morning had been one of unuenal animation to me, and fraught with the grandest ovente, The con- dact of my troops was sublime, and the oceaeion almost lifted mo to the akles, and Its memories will ever remain near me. Moanwhile, Gen. Bunxatpy had delayed his attack on tho right, not commoncing hin movement until 10 p,m. of the day after Hooxen's attack, crossed the river at the most impracticablo point, and, after cross- ing, delayod his advance again two or threo houra,- When he arrived at Sharpsburg, the Robels had been heavily reinforeed, where- upon Bunyarpx turned back and recrossed tho river. On tho following day to attack was mado upon the enomy along tho whole line, and the next day ho crossed tho Potomac unmolested. Gau. Hooxen’s comment upon the battle is bricfly ns follows: ‘This battic hax been called a victory for our arms, but, whether rightly eo of not, the country, after rending my report will he able to form an enlightened Judgment on tho subject, and if It should not confirm the veriict of some of ocr authors, will understand the reason for our faliuro, One attacks, instead of having been made riinultancouely and by the whole army, were made feobly, by corps, extending over a period of twenty-four hours, and at least one corps of the army nowhere engaged, It is cortainly incumbent upon Gen, Me- Crettan to explain, if he can, the lack of prompt co-operation on tho right, ‘The evidence upon which the Grand Jury at Columbia, 8. C., lave found thelr fudictment against Senator Parterson is of too Important. a character to pnss unnoticed. Tt appears that upon one occasion, In 1372, there wks a meeting of some of the leaders of the Legislature at Pattrnson's house. Durlng tte consultation Patterson gave Judge T. J. Macter a letter, which he was todinnd in person to one Kinr- TON, the Financial Avent of Suuth Carolina in New York, who was then visiting in Cotumbia. Judge MACKEY, suspecting the contents of the letier, took inte Gov. Scort, and they con- curred in the determination to break it open. The letter was then photographed, and, alter securing copies and destroying the negative, the original wus resealert and handed to Kitt Tox, whu in turn dellverod it to Treasurer Pangan tn the presence of Mackky. Tho let- ter Is us folluws: Vien Sexes tuum Ray March 4, Orrice, Gnuesvenie & Co- COMVANY, CoLuanta, 8. Ua, 6 Hoa, sites G. Parker, State Treasurer South Carotiaa: Please deliver to HM. H. Krwtron revenia bond scrip due the Blue Itidge Jtnfiroud Company according to net passed Match #, 1872, atmouutting to $1 the fuilowing conditiuns: ‘That $42,867 of at par valuu In tu bu used fur mtying tho ex penres of passing theow: sentatives bilia. styled bonds of tho State of South Caroling,” und "A BIL tu authurize the Vinwnelal Ho: te settle the ae- cunts of the Flunneia) Agent.” Now, If these abuve-naiel bills are passod and beatae Tawa, tts onler for S44, 457 In scrip at par {sto bo paid said Koarron? and if not passed, thon this onder for that amount to by vold, aud the scrip uot to by delivered. Alto, that $71, HLA of erty at, par you wall’ deliver 10 ahd Kiwrros if aad bitlt shall become laws, anil pro- vided thatthe wall pay Ue suns of 350,000, the procueds of ral necrp at 70 conta on the dollar, In paying the expensos incurred In pasuing throush the Senate thy bill known ay **A bill tu rellove the State uf afl lability un xccount uf the guarantee of the Blue Kldge lailroad banda, “ute, pasued Match 2. 1872, walen said -expenaca auld Kiarzon has contracted to pay; aud if sald Korpton fails or ra- funea ty pay ald amount tn defraying sald expenses When required by me, titen this order to be vold, It eatd conditions, are complicd with, and the ninuunt of verip delivered to ald Kiavrox, ho is not te be hold Mable for oF to nceount for its value, Tho above two sume of $42,450 and $72,414, In Scrip, at par, iuake uptha simountof scrip tive mentiuned in'this order, Joux J, Parrenaoy, Pigeldent, Wine Tayo Ualtroad’ Company tn’ South ‘arotloa, Witneas: B, 0, Evniorr. Neru ta evideuce over his own signature that Senator Parrenson ordered the dellyery of over $100,009 of scrip tothe Finaucial Agent of South Carolina with which to buy the Legisluturo: in open market. This I4a grave charge, and tho Gravent feature uf it ts thut his condemnation comes out uf hisown mouth. Elther be or his Srlends shuuld lose no tine fp eaplulning this corrupt transaction, Hf they have au explana. tiou, a rr The yencrablo Stoner charges that Tuc Triwone neglected to credit to the New York Herald w recent cable diypatch, and thereupon the venerable old guotteman, tu hls sult, wild inauner, remaris that ‘thy predatory concert," shamelessly parates stuten coods,” ute, ete, and, by way of contrasting bisown Ingh standunt of newspaper moral integrity, sys: “The Times usen, us ia proper, w New York date Une, and, with equal propriety, credits the Ine forniation to the deruld, wheuce ite representas dyin New York ubtuinedit, ‘Tnx ‘luinune, on the contrary,” etc, ‘lurning trum the ven erable toun's editorial te his postecript page, where lie “credits bls cable specials tu the New York Herald,” we thud the folluwings - [eveciat Telegram.) TIS LONU-EXPRCTHD ATTACK, Naw Yous, Sept. ota. m.--4 correspondent. at the headquarters uf the Grand Duky NivucLas, at Poredin, telegraphe under date of Maui plan by which the aesult Was to take multaueunaly along thy whole Russian ine reaching from wear the toouth uf the Vid aimoat tu thy foot of the Bulkane, suuth of Lovuty, ‘The attack, ge made, was irrovtatlbly. hy ate., ete, And 60 on to the end of the column of cable nows, From what source was this cublegram procured?! Was tia deraid’s speclalt There fs go auch credit given, The self-laudatory person says that whenever ho uses Jerald spocluls ho ‘credits tho information to the Afraid, whence his New York representative obtains it!” Huy there ls nu such credit to this dispatch, Did his representative “purloin” tt from the Now York Times? At wo, why did not tho venerable editor rebuke him, and give credit where it bs duet Are we to understand, then, that the cablegram was not taken from ouy New York paper, but was seut over the ocean wires by the romuntic Witkigas a special to the Chi. cago Tima? Wut hy a curious colncidence the J. 0, U. priuts tho same cablegram and dates it atthe New York Jerald Bureau, London, crodits it to the Jerald, and chains it as a special to it- self! Herclarichnees, As the venerable cdi- tor asyahe always duly credits bis borrowed cablecrams, it follows that the one fn question was sent ty hin from bla own swect Witkin overthe sca, and therefore the £0. U, has Molen it from the Chicago Times and meanly «redited ft to the Now York Jéeruld, This ia adding insult to injury, and the venerable Stori- ania should prosecute the £0, U. for klopto- mania, Perhaps it may turn out that tho anclent gentlemen was the kleptomaniae bin- self, and while hu was loging bls epithets, fore wot that he lived in a glass-house, a ‘The Natlonal Board of Trade Conyentlon, held in Milwaukee, passed aserivs of resolutions atrongly iudorsing the propusltion to negotiate a reciprocity treaty between tho United States and Cavada. We supported the fea condition- ally, that the new reciprocity treaty shall cover the manufactures of the two countries as well as thelr ogricultural aud forest products, aud suggested s comercial union after the manner ofthe former German Zollverein treaties bo- tween the various German States. ‘The London Tuned seems to take a similar view of the wat- ter. Tho Toronto Globe lias a cable special re- Producing tho chicf polnts In a Times leader, from which we extract: ‘Tho Znes iwalotains thet the preservation of = Customs frontier ts a troublesome task that con hever be perfectly fulfilled: that it is finposslbly to overbaul every petty act of commerce between tho two tersitorivs, aud if it were powsible to du v0 the cust would be cuurmousiy in uxcess of the gains, Ifthe Guverumente could agree un tera upon which the custums Hue could bo abvhated, it would De a cousummation attended with mauy advent ages. Ragland would certainty not stand { way. But the end might not be no easly reached anitrany neom. In former attemnta to necottate aew treaty the negotiators lost themsclreson barren Inguirles into the balance of trade, and thie profs ably would be the case {f freak negotiations were Atartod. tis promble that after some hacaling tho Canadians would consent to the intruducting Of the manutactares of the States at lower duticn than those now levied, and wonld extent the sama redactiuna on slintlar commod!tier to nil parts ot the orld; and te extension of such redactions might ve fatal to negotiations. ‘The fears of tha Atuericans lit this reuoect arg overstrained. Eve; Ifit wore trac. they wonld not reall Finee toca not lnow whether th: idea Wester: tained that the Acherles dtapntes eiunlid he aeitied hy nevottations for a new treaty. In view of this poentoility It augzeste that whatever negotiations Bre Attempted shoul? bo condled to the Canas ane the ultimate raditeation being Tell to Ene gland, With this all should be reneonably cone fent. | Tha Tine rossembers imany mtshnpa arising from fgnoranco ur forgetfniness of Canadian ined cate ah wont te gind If it ened be pereatted hat the anepension of the extradition treaty wo be the last of tent, vost a The subsidy-grabbers are actively organtaing for their grand ratd on Congress when ft mete, By uniting every scheme of plunder tuzether In one grand log-roll, they expect to be able to aving them throtzh Congress and seuse ag iaaue of bonds that will add hundrqis of mill. fons to the national debt. The Cineiunatl Zp guirer makes tis entertaining ‘collection: Insplred with the hope that the next Coniress ty to be ons of subsitlice, the Pact Mail Directors’ ‘ore mating preparations to bring a powerful [ohby here to indnee Congress to renaw its guntial 3560,. Guu bounty, which was withheld on account uf the scantalous manner in which atatesiien were boast up for tho original grant. Anotier ‘atea Inne, the Occidental & Urigutal Company, wii Toquert u modest aubetdy of $500,000 per annam for nominal postal eervice. It ie batieved that the fffort will be nade ty combing thera Interasts with, Tom Scort's ‘Texas Pacific echeme, 80 that a grand voot can ba raised to contribute ts the ameliura. on of the comlition of the financinlly-atranded Congressuien, who sell votes with a4 little com. pilnctions of conscis hey buy arlnks, , ——— ns A correspondent deatres to know “whether tt 4s peoper to uae a word because ft ts $1 common usage rather than beznusy it is the correct * word.” Ifthe word fs “in common wsago” ft tnust be a correct word. Thero is no other atandard by which words caa be judged. Evers. thing depends, 1n the case of the correspondent, upon what 13 meanta by “cummon usage. To instances tho use of the word “spilo’ for “pile” If the word “spite'? ts used by the best writers wherever the English language te spoken, itiaa “correct” word; otherwise It (s not Ln Judglug questions of this kind, news paver-usezo fs not a safo muide, “Splle" ty probably a -provinclatism, and unt a good one because {t adds nothing to the force ot the. language, ig oo Tho Columbia (3. C.) Grand Jury, mado op of white Democrats and colored Republicaus, ave found four more Indictmenta—thres of them againet L. Cass Canpssten, lato Cole lector of Internal Revenue, for forgery, and one agalnet Woonnury and Jonze, Clerks of the Scnate and House and principala of the Repu tican Printing Conipany, for fraudulently ra’. ing 0 Dill for printing, by which they obtained over $20,000. Nothing is safdl of any bill against, ox-Goy. Cuaungunaty, and nothing yet appeara tofndicate that the steps taken are not legitt mate procecdings agalnat cyll-doers. Old W. Fisk Stoney fein ecstacy again be cause his paper happourd to contain an {tem of news tho same day it appeared fn Tie Tstseng. It istrue he ndmits he stole it frum the New York Herald, while Tux Tntuxx's camo by cable. With all the fuss undo by the Heratt over its onterprise, It 1% munifest that Tug Trtoune’s correspondent has facilitics equal if Dot superior to thuse uf oar Eastern contempoe rary, while W. Fisk Sroner ts confessedly com- pelled to steal (rom oue paper or auother bo foro he bus anything at alt. aa Says thu New York Sun: “A more delleate compliment even thay the presentation of the freedom of the City of Edinburg lias been tens dered Geu, Grant in the prpsecution of tho Journal des Alpes for speaking *iusuitingly? of iim. ‘This may be regarded os a substantial recognition of hia exalted dignity, such: os hus not been everywhere accorded him, and it sug- geate the thought that some of the ex-Presl- dent's former reiwarks about newspapers have reached the other side of the water.’ oo ee ‘The New Yorks Hueutsis Dear very much ag ff Mr. CONKLING was cx- periusenting with Mr. Comnent to see if tho Naval Officer ws ably to pull avy of the Seaator’s chestnuts out of the fire. If Mr. Connuet falls to get the chestuuts, there Is nothing tw show that Mr. Conxuixu ever made tho expuriment. There fs nothing xe skill when you arg reach- tng after hot chestuuts, but in the commun speech such sill is not denominated stagesmuu- ship.” 2 . “The Times uses, as fs proper, a New York date-line, and with equal propricty credits tho {uforiation to the Zferaid, whence ita represent> ative votalnoil ft, shrieks W. Fisk Stonzy, to explanation ‘of hia method of eteallng news ‘This sudden converslon to journaliatic deveary fuduces a hope that he will use a Ch! dale line, “Sas fs proper,” ana wilt wits equal propriety eredit the Information to ‘ins Tiuuns hereafter, whon he fects called upon, as heretofore, to steal from this paper, pst I The Host thinks that us the Joneses have had the fut ollites for wixtuen yeara, it f8 only fair that a represcutution of the still morunumeroas Ssurit family should get a wlee of tha turkey, sud nut have to feed on buzzard forever, It nukes a skilful application of tue predicate tu the Chicago Collesturship, ieetenenn-cemememneel N. Chay Crawvoun, alias Osaan Pasha, is eharged with haying been addicted to stealing, and wo uwalt yutlently Information as to what department Srexceu W'usha, will bo assigned by the Turks, a ‘This turulng up of promluctit Americaus in the Turko-Russian war proparce us for the an houncement that Gen. Nevoxoiscuirzer is Rone other than Wenay Cray Dean. By going back on Butonas Youna, ANN Exiza bas lost 4 Nttle over $92,000, As the book and lectures ecarcoly netted that, It is probable she fs tearlog her hair, ap eels, &t. Loula {s rejoicing over a new Board of Publle Works, appointed to, deviso ways and meaus tu avert the threatened foreclosuro; om the uew Chamber of Commerce, a Presitent Hayes has sppoihted the Smug Burt Commission, Thoy will mect at St. Paul bext Wednesday, and probably with St. Pates the next week after. a ‘The marriago of two deal-mutes in this city, Tuesday, might well be called a quict affair.” So) aca PERSONAL. Mr. Gladstone's son, Herbert Gladstone, has been appoloted Lecturer in Modern Iutory ab Keble College. Mr, William Lloyd Garrison has re-cm- barked for America,. Ho rcturns homo in greatly fmproved health, A. & W. Bprague’s notes to the face value Of $75, 000 wore sold in Providence recently at 2144 cents on the dollar, Mr, Johu Bright has entirely recovered from the affection of the thruat which partially in capacitated hiv from publicspeaking, Mri, E,L. Davenport, now 66 years of ‘ge, was confined only s few days before the death of herhusband. The lafant did oot live. ‘* Pree-trado organizations,” remarks tho Bpringteld Lepuplican in a musing way, ‘thave ® cusiuus tendency to fall into tho bands of dcad- beats." Mr. Ernest Longfellow, the son of the poct, has sent from Ilaly s ylew of Cenncs paloted by himself, of which the Boston papers give glows ng accounts. Senator Howe says ho trampled on the only reat political ausblilon he over bad in order to save bis scat in the Senate for the Republican party. ‘This is understood to be an allusion to tho Chicl-Juaticcablp, which was offered him by Gem Grant