Chicago Daily Tribune Newspaper, September 15, 1877, Page 4

Che Gribuie. TERMS OF SUBSCRIPTION. AY MAIL-IN ADVANCE—POSTAGE PREPAID, {Ty Edition, one yea Faria n poses nee anni: Mailed to an ePable sheet 30 ant ay f aT Betti istveekiys x brtaut ave i 2OD o . pers 1.23 Chae eee s4a8 Cinbot wweaiy. U0. Spectinen copies rent tree. ‘Toprevent detny and mintakes be sure and give Post- Of.ce udurces in fail, Including State and County. Kemitiences may be mate elther by draft, express, Port-Otlice order, ur in regtatered letters, at our risk. TERMS TO CITY SUNSCRIBERS. Datty, delivered, Sunday excepted, 24 cents per week. Enuy, denverea, bunday tnctnded, 90 conta ner week. Address THE THIBE, LOMPANY,, Corker Madison and Dearborn-nta, Chicazo, 1. Orders for the dellyery of Tie, TRIRERR at Evanston, Englewood, and Hyde Park felt (n thy couating-roum MeVicker’s Theatre. Madlron ttrect, between State at Dearborn. Ene facenent of Edwin Mouth, Aftemoon: Ly ‘Tanoer, cte.; Messrs. [ov hventog: ‘* Brutus." Mealames Don, Price, Vhesluck, Peartun, etc. Reandotph etre rR utot Lawrence Barrett. aud Juiet.* byening: "Richard WI. Mesvames Cuminens, Foster, ete; Mess. Barrett, O'Neil, Price, Adetphd Theatres Monroe rirret. rornerof Gearhorn. 'Seouteof the Plaine Texas Jack, Big Buckshot, Donald McKay, ttc. Atternuon and evening. Cotton's Operattonse, rtween state and Dearborn. First- ¢ Foul of the Family.” Afternoun and Monroe at cles Brenig. New Chicago Teeatre. Clark mreet. opprite sherman Mowe. Haveriy’s Mlurtrein, Meads. Add Lytiau, billy Carter, Moran, ete, Afternuga att eveutiy a Michigan avent Btate Industrial 6: in Building. ite Asians street, Day and evening, Inter- SATURDAY, SE) CHICAGO MARREL SUMMARY. The Chicazo protuce markets were again Irregn= Jar yesterday, ant prain waa weak. closed J14¢ per brl higher, at $12.52! $12. 05@12.07!4 veller the year, 100 Ibs higher, at $8.72! Bb. U71; eeller the year. Mei pet > for luore shoulders an Lake frelghts were demer, “ni clored easier, for do short c fur corn ta ribs, Tiudslo. Mighwines were ateaity, at $1.00 per gal- Jon. Mlour was in fair demand and steady, Wheat closed Sige lower, at S1,UU!, for September aud $1.0315 for Uctaber. Corn clored ie lower, at tae for September and 43sec for October. tats closed !4c lower, at s44gc cash and 2415¢ for Octo- ber. Rye was tg lower, at AGlic, Barley closed 14;@2c lower, at tye cash ana Ue for Getoder, Hoga were active, and 109g20c highor, clo«dng at. $4,.0005.70. Cattle were quict and weak, with i. Sheep were in demand at One hundred dutlare in gold would - 425 In greenbucks at the ctore, pseiibar idee eniaadias ra Greenbacks at tho New York Stock Ex- chonge yesterday closed ut 962, Itisnow stated that the defalcations of Pansona, tho absconding Mayor of Burling- ton, In., will aggregate $100,000, of which the bank ia short $40,000, the School Dis. trict 836,000, and numerous other interosts the remainder. ‘Tho internationnl rifle contest at Croed moor ended yesterday in a victory for tho American team hy a score of 3,334 to 3,212, a mojority of 92 points, Tho superiority of tho Aimerican tuarkeanen was especially noticeable in tho, 1,000-yards range, Lho armies in Ania Minor dro reported an boing still inactive. According to ‘Turkish reports tho Russians have retronted from Ardshan and fllen back to a strongor posi. tion, ‘There is little prospect that any event of significance will transpire in that quarter for some time to come, Tho Bankers’ Association wonnd up its affuins for (ho year yesterday, and adjourned aine die, first having. protented ngalust any taxation of National Banks by tho Genoral Governoicut except that on circulation, and setting forth tho need of n change in tho system of State taxation whereby National Bank property will bo assessed on the same footing us other taxable valucs, ——__— It is proposed to look into the doings of tho Sccrot-Nervico Division of the ‘Lronsury Department o little more sharply than hus Leon tho caso heretofore, and to put a stop to certnin kinds of detective work which has beon done without the knowludgo of the Secretary, There have been abuses in tho work of the Special Agents ux well, aud Assistant-Secrotary MceCoumtcx will lead n Commitsion to straighten out the objection. able features in both these brauches of the borvice, ‘The London papers, as may be seen by clippings from them in another column, generally lean to the opinion that MacSIauox dias made a grave blunder in permitting the Due py Buoonwe to martyrizo Gamuerra, ‘he extrnordinary tyranny exhibited in the institution of criminal provcedings against a man acting clearly within the most con. stricted of constitutional limits must, it is believed, exert a powerful intluenee in ade Vaueing the fortunes of a champion of lib. erty su attacked. The conspicuous advantage gained by the Uussians in this weck’s fighting at Plevus was the capture of the redoubt of Gravitzn, which was brought about only by the sacri. fico of appalling numbers of brave wen, ‘The cable special of Tux Trsune this moming endeavors to givu the exact locality of this intrenchment, with a view to exhibiting the importanco of its possession by the Russians, who have confronted a line of the most ex- tended aud elaborate barriers ever cone structed in the history of the grim art of war, —— ee Fremont, Q., was crowded from fence to fence with peoplo visiting that town to wit- ness the ceremonies attending the reunion of tho President's old regiment, the Twenty- third Ohiv. Several big guns beside the President were present, among whom were Beerctary McCuanr and Gens, Saenrpan and lourcusns, The many battles of the reginent were fought over again, boppily without the disastrous results which at- tended the original actions, Presidont Haves gocu to Ciuciunati today, and on Mouday will give the Louisvillians a chance to exhibit their hospitality. ———oC The first of o series of letters from Mr, O. C. Gros, of this city, is printed this morn. jug, iu pursuanceof an arrangement whereby Mr. Guuas is to furnish the readers of Tux ‘Tuipuxe with accurate ond reliable informa. tion concerning the agrioultural attractions of Arkuusas aud ‘Texas. To the people of Chicago, by whom he is extensively kcown und invariably respected, it is not necessary to say that whatever Mr. Gross contributes as tho result of his tour of investigation can bo implicitly relied upon asin the interust THE CHICAGO TRIBUN. SATURDAY, SEPTEMBER 15, 1877—-TWELVE PAGES, olely of therecker after knowledge reaperting, the matters which form the subject of his inqniries, Ho ling undertaken to find out what thousands of mon of mall means in the North want to know, and his letters will be rend with interest and confidence. We give in the samo connection the lotter of a gentleman in Texas supplying somo facts nuit figures abont tho inducements hekt ont to iumigrants by the soil and climate of that Btate, —————— A contribution of importance to the, dir- cussion of the silver question was mndo by the Hon, Atrnoxso ‘Tart, of Ohio, in.a speech delivered last 'Ihursday evening at Sandusky, which is reproduced in our col. nouns this morning, Jndgo ‘Tarr claims for silver an equal placo with gold in the cur. renc¥ of the world, and pomts ont with con. vincing clearness thu front advantdge to the United States which will result’ from its restoration asa standard of valun in niding the resumption of apecio payments and in Ppsying the national debt, ——— Tho long-winded and complicated prose. ention of Pinnez, the Government oftiver guilty of all sorts of fiduciary Tascality at Son Francisco, took on nu additional phase yesterday, in tha tinding of four indictments against hin, bis alroady onerons burden of bail being weighted with an oxtra $2,000 on each of the four indictmonta, A divorced wife of tho accused man has published u letter unveiling the most repulsive depravi- ties in the man's nature, and revenling the utterly frsudulent charncter of tho most saliout featnros of his defense, ——__ ‘The series of denrly-bonght Russian suc. conses in front of Plevoa was interrupted Weilnesday, the ‘Varks having attacked Gen, Sgopztorr with such persistent fury that he was finally forced to retire from the fortifica- tions which ho lind xo britlinntly captured tho day before. The ‘Lown of Plevna was re- ported to have been fired on Wednesday by the Kussian shelis which were poured into it at short range, aud two explosions were observed. Six thousand wounded have al- ready been brought into the fleld-hospital, and no account is yot given of the unmber killed. In another. portion of suo will be found @ cursory, account of the famino in India, tis belived by reliable judges that this calamity is the most destructive blow which has ever been aimed at tho buman raco since the beginning of secular history. ‘The gignntic efforts of an opulent Govern- ment have been incapable of turning the tread of the gaunt monster, and itis known that, since the beginning of tho suffering arising from tho blight of Inst year's crop, 500,000 unfortunate people have succumbed under tho “uilent but resistless sap” of stern starvation, ‘Two important assemblics of Young Bfen's Christian Associntions ware in scssion yeuter- day, the Convention of tho Dominion of Canada at Qnobec, and that of the State of Michigan at Kalamazoo. A jocund figuro of apecch used by on orator in the lntter reunion, defining the diverso elements of theological belief constituting the founda. tions of tha Unions, occasioned n g00d deal of merriment, aud was a prominént featura of tho proccedings, An important part of the work of theso evangelizing drganizations is devoted to tho army of rnilrond operatives seattered over this broad land, nnd tho re- ports on this subject, particularly in Canada, aro couched in Innguago avincing the mont gratifying auccces, BETTER TIMES, All notable nigus concur in tho flattcring prospect for tho improvement of business which hos been held out by the coincidence of an abundant harvest in the West and an exeoptional demaud for bronadatuffsin Europe. Noither ono without the other would havo been of material nasistanco to the conntry at lnrge. As it ia, It is now almust an absolute cortainty that the farmers will receive for thoir erop ull that they Lavo counted on; it will put them in funds to reduca thelr indebted. ness, lay in larger stocks than thoy have beon ablo to indulge themaclyes with for many years; the farmors will share thoir prosperity with the conntry merchants, and tha country merchants with tho city mer. chants, ‘Tho capitalists will regain confidence as thoy receivo thoir intoreat and proffors of money past duo, Their anxiety to honrd what thoy have will give way to an anxiety to increase it, and they will veaxe to bo so thnorous about investment. ‘Iho banka, on. cournged by the growth of exchange, will become more liberal and furnish the funds, of which they Lave abundance ut their com. mand, necessary for all the busiuess demands of tho time, At is almost certain that the indications have not been imisapproheuded, ‘Tho feel- ing of improvement is too univorsally mani. fented to bo decoptive; tho basis of the im- provement ia too real aud substantial to be delusive. Men in all conditions avcim to bo shaking of the lethargy which las op- pressed them for two or three years past, ‘Tho habit of croaking will cense to bo the fashion of the day. ‘I'he streots of Chicago, which Is ua.urally the first city to feel the chunge, attest by the crowds of hurrying people, and the din of crowded thorough. fares, more than tho usual stir of tho fall season, ‘Tho places of sumuse- ment havo increasod in numbers, and the audiences ora large'in size, ‘There are brighter faces and heartier handshaking ; and nearly every ono who Is asked, no mat- terin what business, reports that every. thing is livelier than he expected. The Banker’ Convention in New York have res flected the genoral encouragement in tho spirit of their Proceedings, The transports tion interests are aharing the revival, All the lake vessels are employed at increased rates, and the ocean vessels will not be numerous enough to supply the demand. Tha railroads just now are not able to furnish an adequate number of cars to trang. port the wheat from the far West, though this unusual demand for transportation facilities may be transitory; at oll evcuts, we may blaine the Communists in part for the shortage, as tho dostruction of 2,500 cars at Pittsburg, belonging to the different rail. roads and transportation companics of the country, could not fail to hamper the railroads at this‘time. The manne facturing interests are everywhery de- veloping new energies, Tho furnaces of the Obio Valley aro running again. ‘ The cotton insnufacturers of the United States are com- petiug in the very teeth of the English man- ufacturera, and with considerable success, a3 is evidenced by tho frequent growls of the Brits press, Tho Southern newspapers givo the moat glowing reports of the cotton, sugar, molasses, and rice yield for the year, along with an increase of cereals, so that their Lopes for improvement are as substan. tial as those of the Northwest, We do not repeat allthis for the purpose wey which seems to obtain in certain quarters that wo aro at the threshold of another caroival such aa reigned in the country for a few years aftor the War. Fortunately thero is no prospect for any auch commercial dissipation nz intoxiented tho peoplo in those days, and any one who spec. ulates upon auch a revival will protty surely be disappointed. The commercial prosperi- ty of tho conntry neither depends upon nor wants a craze, in which stock-gambling and kite-flying will be the conspicuous follies, We have had enongh of that sort of prosper. ity for a good many years to come, aud have pnid deaviy for the debanch by the long- drawn-ont sufferings since the panic, It may be that even tho present price for grain, stimulated by a temporary demand to meet Septomber rales in tho Enst, are higher than they cau be maintained, and n reaction may he reasonably oxpected; but there is no dan- ger ofa failure to realize permanently fair prices for the abundant supply, and this will surely bring about the enlarged prosperity wo have dwelt upon. THE WAR IN EUROPE, Tho Russian successes before Plevna aro not in themselves important, If they do not lead the way to a speedy capitalation of the town and the shattering of Osman's army, thoy will bo useless, ‘Chere is no ren- son as yet tonupposo that anything decisive hasbeen accomplished. [tia trne that tho gallant young Sxoserorr—who at 33 fa a Major-General and the most dashing cavalry oflicer in tho service—hns carried ono of the redoubts; bnt this victory merely givos him A vantage-ground from which to attack the othor works in the same way, or by regular process of siege, The situation in Bulgarin is too critical to admit of delay. Pleyna niust be taken and Osan beaten at once, or tho issue of the campaign ba indefinitely postponed. ‘Tho Rnuasinna attested their cousciousness of this fact when thoy resolved to carry the Grivica rodoubt by storm, slightest rancor cither na Pgii his former enemies on the batile-field nor tho Inter ene- tics who helped to plunder his State after the War. In grasping the hand of follovw. ship that waa extended to him, thero was n manly assertion of self-reapect in justifying the nincerity of the motives which actuated him and others like him in tho War of the Rebellion, while conceding equal purity of Purpose to those who were opposed to him, The spirit and tone of his nddress recail are. mark recently made by Gen, Joe Hawzey, who said, ‘I find no trouble in getting along with Confederate soldiers,” and added, “When we find men who live np to their ideas of honor and right, we shouldn't expect them to get down on thoir knees nor ask them to take back anything.” ‘Thore can be little donbt that men like Wane Haspros in the South have developed astronger sentiment of nationality than aver existed in that section before the War, and that their strugglo of Inte yoars has been for local self-government agninst carpet-baggers who had plundered them, and not agninst tho Union, the Constitution or its amend. ments, There were two. things cited by Gen. Hasprow which strongly confirm this view of the Southern complications, viz. : (1) ‘Tho conduct of the Southern membors of Con- gress in honorably adhering to the Con- Gresstonal compact for counting the Electoral vote, and openly discouraging tho efforts of certain Northern Democrats to precipitate rovolntion in the first instance, and nfter- wards to brenk their compact by filibnator- ing; and (2) the peaceful ond sympathetic attitude of the South during tho recont rail. way atrike and labor tronblea at the North, when the Southern States made liberal proffers of yolunteors and aid in behalf of law and order. These woro practical evi- ences of fellowship and a common nation. ality which should not be forgotten, Thera in one circnmstauco connected with Gen. Hawrron’s visit which points 1 moral. He received sovcral anonymons communion and hurled regiment after rogiment tions, of which the following ia n epecimen : against tho {ntronched nes of tho! You darned oli Itebel. If you or any of your Turks, Tho ‘Turks met them with | stripe come to Rockford to maxe a pablic speech, you may cxpoct to go back ina box. ‘Thercare 100 other veterans besides myeclf who haveconstituted themselves a committee ta that effect. A word to tho wise. Had a Northorn Republican visited the South on a mission similar to that which brought Gov, Haspron to Illinois, and hed he received threats of this samo kind, thoro isno doubt that tho implacablo nowspapers of the North would havo given them ourren- cy as significant of the spirit and disposition of the Southern people, It may bo that tho extrome nowspapers at the South will repro. duce this lotte: ns a sample of tha Northern sontimont toward the Southern people, not- withstanding Goy. Mamrron's declared belief that there was not 100 out of tha 8,000,000 Northorn men that fonght in the War who would be guilty of such a thought. But in cither case, such uso of excoptional basonces is manifestly unfair; and, now that it fs bronght home to us, we may under. stand that the North has boon too frequently misled by similar opisodes that were only in- dicative of tho occasional dopth to which human depravity can descend. It would bo well if there could be more frequent interchange of sentiment botweon the North and the Sonth after tho manner secured throngh Wane Haauron'a apponr- ance at Rockford.’ A good deal of mistaken rancor would be thus wipod out. Wo think even gooil might como of Biare’s making a apeech in Gvorgin, and Bex Hrtu's doing the samo thing in Maino, At all ovents, tho ap- pearance of Proaident Hares in the South would cortainty be productive of a bettor nn- dorstanding, sud a moro rapid development of tho pacification and fratornization which his policy first fairly inaugurated, Se TAXATION OF DEBTS, Wo print woveral communications on this important question, Ono of those is from Now York City, and tho writer las progressed far enough to discover that a toan mado in Ilinols on real ostateought not to be taxablo in Now York, though the porson making tho loan resides there. ‘That is tho case of Kintrann precixely, and “it, G, T." reverses the decision of tho Conncoticnt Court, Ifo thinks, howover, that whon a bond is given to n man in Now York for monoy used in business in ‘Chicago, the Now Yorker must bo taxed, because tho Ohbicago merchant is allowed to deduct what he owea from tho taxable valuo of the goods in which ho has invested tho borrowed money, This isan error. ‘The State of Illinois, and wo suppoue all othor States, taxes tho Property wherevor it is found, and takes no notico whother it {s paid for or not. Property and not persons ara taxed, and no doduotions are made in tha taxable valuations of tangible visible property because of any indebteducss on tho part of the person in whose possession it mny be found, So our New York corraspondont will ace that his fear that the money loaned hore may escapo taxation altogethor is groundlcas, Whilo wo are criticising the law of Connec- tieut, wo do not wish to bé understood as considoring the laws of this State as perfoot, Our Revenue law provides for double taxa- tion, but it confines it within the limits of the State. For instance, if Jonzs owns a horse which he sells to Santa, taking Buurrn's note therefor for $100, payable in one year, Sontu ix taxed on the hone and Jones on the note, while even a Connecticut Court would havo diffloulty in finding out how the operation of wale had daplicated tho value of the property. ‘Tho only * property" in the case iu the horse, Yet the State collecta taxes on his value and alsoon the note, thus getting taxes on $200, when all the prop- erty in the osve was the one horse, While the State of Ilinois practices double taxation in this manner, she respects tho authority of her sister States, Bhe does not, for instance, tax anybody here for property owned in Indiana, New York, or Connecticut. While she robs aud plundera hor own people, sho respects the rights of other Btates. Shedoos uot attempt to col- fect taxes within what Senator Eatox would describe the **juriudiction and under tho fisg of the sovereign State of Conneoticut ; 4 jurisdiction which existed, and a flag that floated on every sea, long before the Federal Union waa called into existence by the indo- pendent action of the co-equal, indestructi- ble, aud supreme sovercignty of independent sovereign powers.” Another correspondent, “8, D. F.,” like all the others, forgets that taxation ig levied upon property and not upon persons, The State tinds the property and taxes that, and bas nothing to do with the ownership, As to who should pay the taxes, that isa matter for agreement between the parties, enforce- ablo by the Courts as between the persons in- terested, Tho State looks to the property alone, and, if the taxes aro not paid, it seizes and selis the property. . ——___. ‘The discouraging facts that Turkey and Russia have appealed to arms for the arbitra- ment of their disputes, aud that Europe is unsteadied by other dissensions more likely volleys from the repeating rifles, and the loss of life was, necording to the precedents of thik. war, very great. It is admitted that 6,000 were wonnded, and it will not be sur- prising if Inter returns shall show that os many wore killed. Victory came to the Rus- siana at last when they had almost aban- doned hope, late in the evening, and after tho Emperor hud left the field. ‘This victory, in order to be valuable, must be followed immediately by similar attacks on the remain. ing redoubts, nud similar successes, It will not be enongh to hold Osaax in check at Plevna; he must bo crushed at onco, or tho fato of the campaign will be decided on an- other fleld. ‘The reason why the Russians aro in hasto, aud why thoy need to bo in: haste, is that they are throatened onthe flank by Menzxer Aut, who with the Rargrad army drove tho Czarowitch from tho Lom to tho Jantra, and was only checked ast Bicla by strong rein- forcements, diverted from their original des. nation at Tevna to meat the new danger, If Mrnvster Art had benten tho Czarowitch and fallon on tha Grand Duke Nrowozas, as ho was very near doing, the story of tho Russian campaign for this year, at least, would have been concluded, It was essen. tial ‘to the Russian canso that ho should bo driven back. Ife las been drivon back, thanks to the reinforcomonts, but he haa not boon whipped; ond he imny, at any mo- mont, offer battle to the Czarowitch with tho desperate purposa of cutting bis way throngh to Plevna and effecting a junction with Osatan, ‘Thero is ona othor army that should not be left ont of tha account ina atady of tho situation, Nothing has been heard from Sunemtay: Pauha for several days, Tho Inst reports represontud him as being still in the Schipka Pass, but there has beon a sudden and total cessation of operations in that neighborhood, and it may bo, nay, it is probable, that the bull of his army has been withdrawn. If ho should cross the Balkans ugher up, through the Iron Gate, as ho should havo donu in tho first. place, and effect a junction with Memester Aut, the situation of tho Russians would be again mout critical, Vighting ns they do in the open ficld, they havo beon obliged to pit 100,000 men at Plevna against 60,000, ‘Thoir remaining forces will hardly ba more than a match for tho combined armics of Suzeman and Mr. MEMET ALL It may be said, then, that the fesue of tho campaign hangs upon one of {two events, — the immediate capture of Plevna by the Grand Duke Nicnonas, or tho defeat of Mr- weet and Sonemran on the Jantra by the Jzarawitch, Ono of these vents, or both, must soon transpire if the Russians are to gain any considerable succoss during this campaign, ‘Che mengrences of recent reports from the armies of tho Czarowitch and Mz- nemet should not bllud the observer to the In:portance of the muvements in which thoy are engaged. Indeed, it is not rash to pre. dict that the next news will come from that quarter, and that it will go far to decide the fate of the campaign one way or the other, WADE HAMPTON AT ROCKFORD. When atypical Southron like Gen. Wane Hamrton govs into au old hot-bed of aboli. tionium like Rockford, is received with open arms by the people, and responds to their re- ception in words made eloquent by the evi- dent sincerity of the speakor, it looks as though recoucilintion ware almost a fait ao cunipli, Wo are not disposed to gush, nor to regard all tho perplexing problems growing out of the Warand reconstruction as definite. ly and satisfnctorily settled ; but we find in the event to which we refer the promise and evidence of good feeling which warrants a coufidence that all these questions will be settled, andthat there will be the peaceful aud fraternal relations between the people of the North and South which aro necessary to the political welfare and commercial pros- pority of the whole country, We certainly approve of Gen. Hampron’s Rockford address, not merely as a brilliant piece of oratory, but as being well consid. ered, in good taste, and the right tem. per. Though it was an address before the County Agricultural Society, on the occasion of on ayriculturat fair, the public appear. ance of Wapx Harrow, of South Carolina, before any assemblage of Mlinols people inerely to talk about agricultural matters would have been a disappointment. Some- thing else was expected of him, and he knew it, Many Others, nearer home, could have talked entertainingly, and perhaps in. structively, about farm topics, but there was nono other in a position to speak with more authority, or. mure fairly to represent the Southern people, in discussing the relations . between the North and the South. No impartial person who las read his address can deny thathe walked over this dangerous ground in a manly fashion. His addresa was nowhere tinged with partisauship, nor did he. show. the (o bo settle by forea thai by Inw, have not boon allowed by the Institute of Interna tional Law to interfero with ita retmion this Year. In 1876 tho Institnto thenglt it best to postpone ita meeting, but it determined to assemble this year, and since tho 10th inst, has beon 1m sersion at Zarich. ‘Tho Intest number of tho Ierue de Droit Inter- national contains n full resume of tho propo- sitions to be anbmitted to tho Institule for enlarging and improving the law of nations. As the interstitial growth of modorn commu- nities progresses, the development of intor- national Jaw becomes constantly moreimpor- tant and better deserving of general atton- tion, Tho same number of the Zerue has an instructive article by Prof. Vox Ban, of the University of Breslau, on the diverse inter. protations of the treaty of extradition be- tween Grent Britain and the United Btates, THE BANKERS ON RESUMPTION. Wo had some remarks yosterday concorn- ing the debates in tho Convention of Bank- ersin New York City, On Thursday, Mr. Grorsneck, of Cincinnati, delivered n speech on tho financial question, and especially on silver, which seems to have shaken tho Con- vention in all its parts, It was a congrega- tion of men who camo together to take such action as would impross the country with the idea that the moral, political, and financint salvation of the nation and of the peoplo de- pended on the obliteration and prohibition, within the shortest possible time, of every form of currency except gold coin, and con> sequently the payment of every form of debt, public and private, and the transaction of all businoss in the samo exclusive curron- cy,—gold coin, Mr. Grozsnecr's speech on tho subject of silvor seems to linve staggered the Convention; it was tho speech of ono of tho ablest lawyers in the United States, and one of the purest statesmon of the country. Ifo was not a candidate for offico, nor has ho ever been a demagogue in nny sonse. ‘Lhe original purpose of the Convention, “ Gold for averything,” scems to have been aban- doned, and the Convention confined its de- mand and recommendations to ‘ resuinp- tion in coin.” Hore is the genoral resolu- tion: ’ Resolved, Thatin the opinion of this Arsocia- tion the early reaumption of specie payments is necessary to tho restoration of general prosperity and social progress throughout the nation; that tha General weo of col#, the measure of value, as fore merly, will alono sccure those certain rewards to labor and impart that steadiness ta the value and price of all property which 1s required to etimulate enterprise and give proper encouragement to every naeful industry; that tho time bay fully como when an enforced currency, the oxvedient of war, should, bo graduatly removed, while all conditions {nu tho country are most favorable to thatend; that ft ts essential to the highest welfare of tna Amertcan people that their trado aud commerce should all be conducted upon the standard of value which the moat advanced commercial nations In the world nave adopted; that the general Tesumption of coin-payment can be best secured and main. tained by the co-operation of tho Goverument and people throngh the agency of tho banks, which ia earnently recommended; that by auch a co-opera- tion the resources of tho country will be mout effectually reached, whether in emailer or larger sume, and absorbed into the hands of the Govern. ment, ani present bountiful harvests and incrvas- Jug mechanical manufacturing productions of the natton will thus contribute to resumption; that thin great end can be eecured with the co-operation of the people by the means already provided for by law, The roader who noticed tho dobates and Proposed resolutions of the first day's pro. coedings will be moro surprised by what this resolution does not say than by what it does say, Tho somowhat lengthy resolution will be soarched in vain for the word “gold,” which inthe firat day’s debates furniahed the only possible hopo to the speakers. Tha Convention finally decided that “tho general uso of coin, the moasure of value, na formerly, will alono securo those cortain re- wards to Inbor,” cto. The reader will sea that this includes silvor and its freo cirouln- tion and gonoral uso a8 8 logal-tonder os formerly, ‘This is something widoly diffor- ont from resumption of specio payments in gold coin alone. It loaves specu resumption at some timo poxsiblo, because it admits the agonoy of ullvor coin,—tho only coin which for ycars to como tho country can accumu. lnto in sufficient quantity to justify a return to specio payments, § Wo agroo with tho Convontion that tho war curroncy should be retired, but it cannot be rotirod until there is somo. thing provided to take its placo. ‘Tho demonctization of silver was a mensuro to delay and defont the return to specia pay. monts. It has prevented the coinage and accumylation in this country of probably $160,000,000 of silver, and still delays auch coinage and accumulation, ‘he collection of $50,000,000 of silvor coin annually would be a rational proparation for the resumption of spocio payments, because there can be no Permanent return to specie paymonts until tho coin in the country equats the amount of Paper; and os.in Franco, where the coin equals 03 por cent of the paper, the country dare not resume specto payments because of tho effect it would have on the general in- debtodnoss of the country. ‘The moro fact that there ia coin enough to enable the Gov- ernmont to redeem tho greenbacks fa not sufficiont to justify a roquirement that all the indebteduexs, public aud private, of the country shall be paid in coin, Tho grean- backs aro but a small portion of the debt which is now not payable in coin, and beforo such a requirement cau justly be made thero must be au accumulation of tho metal suflicient to'‘supply the whole country with- out @ contraction of tho currency, ‘i Wo agree with the Convention that specio resumption should be the work of the pri. vato business and capital of the country, It should not bo the work of the Government alone, The duty of tho Government is to remove the obstructions which it tins placed in the way of auch resumption. Redeeming the greenbacks in coin on tho istof January, 1879, if the greenbaoks are to be permanent. ly retired when redvemed, will amount to nothing more than withdrawing thom from circulation, It does not require coin ro- demption to accomplish that end. If the Governmont will offer a3 per cent bond at par in exchange for groonbaocks, it can retire the. whole $460,000,000 without the use of a dollar of coin. If it is to purchase gold at 6 per cent annual interest to take up poper that moy bo funded at 8 per cent, the aud will be accomplished at a fearful annual cost, By all odds, if the rotiroment of the groen- backs be the end sought, the funding opora- tion is the wisest, simplest, and least expen- sive that can be adopted, If the greenbacks when redeemed aro not to bo retired, then the ‘‘onforced currency, the expedient of -war,” will not be removed, but will sbide with us, Resumption of specie payments -is only possible (1) by the repeal of the date at pres. ent fixed by law for that evont to take placo; (2) by the remouetization of tho silver dollar aud its frea coinage; (8) by the removal of the restraints, and restrictions, and taxation upon private capital invested in banking, which prevents that privato capital aiding in the work of restoring specie payments. A mational bond paysble.in coin ought to be “haustion at’ an early day aro multiplying, ent pledye fer the payme: notes for an equal number of Yollara, and direct taxation not levied on enpital in any other form shonid be repealed. With coin feenmulated in the Treasnry and the banka ‘and in private hands to » sum snfficiont to meet all tho demands of business and to tnke the placa of tho currency retired, specie payments will bo- accomplished with. out the force of Inw, without expansion of contraction of currency, and without inerons- ing or reducing indebtedness, and of course without distros or disturbance of values, —— THE FUTURE OF ENGLAND, A nnmbor of English journals have Jately entertained their renders by prophesying the decline of British influence, Thoy havo made tho subject intoresting, and have im- parted to it au air of romance. ‘There is al- ways acertain fascination in Studying tho causes of an empire's decay. Moreover, the English poople feel that they may snfely tnke partin any discussion of this nature, inasmuch ay the poriod of decay is mado, by common consent, romoto. One writer assumes that the chief cause of English supremacy—the cheapness of fuel—will not disappenr for two centuries, and another indulges only m vaguo speculations as to what may happen if the population is at any future day reducod to 6,000,000. . Reflec- tions based on these premises ore searcoly moro than fancy skatches, nnd it is doubtless because the English people feel them to bo s0 thnt they are enjoyed so keenly, Wo ara Prepared, howovor, to go farther than any of the English writers, aud to maintain that British influence will begin visibly to decay not two conlurics hence, but within half a century; indeed, tho beginning has alroady been made, and though it is not Jargor than the gap in tha dyke which a child’s hand could stop, it is important to thoso who ap- preciato tho forces in operation and the anvaus of resisting thom, Coal and iron have mado England great, The first material ia ossontial to tho pros. perity of hor manufactures. Without an abundant and cheap supply of fuel, the Man- chester prints cannot maintain a successful compotition with the prints of Lowell ; Shef- field cutlory must givo way to tho cheaper and botter wares of Meriden; and the wool- ons of Leeds bo suporsoded by those of Providence. Coal has become of late yoars noticeably moro difficult to get, ‘Tio miners have gone deeper and found less, Fire-damp aud water havo increasod with the depth be- low the surface, and the evidences 6f ox- Every addition to tho prico of coal, other things being cquul, adds to the cost of all mantfactured articles, Eugland has no water-power to compote with that which may be found in such favored conutries ag our ‘own, Moreover, sho caunot look to the Continent for a sup- ply of the fucl which she wo badly neods, franco ond Germany aro short of coal, Italy hos not a pound of her own, Spain has long beon a pensioner on tho reat of tho world, Austria has not more than enough for her own consumption. Only Russia and ‘Turkey claim to have vast possessions, and these are undovolopod, doubtless exaggorat- od, and in no event moro than sufliciont to supply the incroasing want of countries ad- jacent to them. Besides, England cannot hopo to bring her coal from a distance and then undersell all compatitors in tho markets of the world, The oxperience of tho English iron-miners has boon much the samo asthatof the coltiora, Asit ia no longer an unhoard-of thing for coals to be carricd to Nowenstle, so it is not unusual for American cutlery to bo sold in Shofitcld. Our stool rails compote with those of English manufacturo in Canada, ol. though American rolling-mills labor under tho disadvantages imposed by a pernicious torif{syatom. Our supplies are practically inexhaustible, whilo those of England are not only failing, but in some instances have failed. American tools aro famous the world over, a8 well for their excellont quality as for their cheapness, Tho mixture of a small quantity of the English or Swedish iron with our own producea a material that is unrivaled for many purposca of manufacturo, and the efticlency of our labor as compared with that of Enropeon countrios counts heavily in our favor in overy contost for trade. If it were not for our foolish navigation laws and our suicidal Protection policy, the United States might by this time bo dividing almost equally with Eugland the foroign commerce sho enjoyx, As those restrictions aro re- moved, nnd the natural rosources of this country como into full play, the transfer of commorcial interests from England to the United States will be large and rapid. What will the futuro of England be? Sap. posing her forges and factories to be closed and hor shipping to bo rotting, a3 American shipping has rotted, at the wharves, her pop- ulation must decrease in proportion with the shrinkage in the ineans of supporting lite, A commercial people will uot remain whers commerce hin coased to flourish, Tho thriy- ing merchants ond manufacturers of En- gland, since they cannot gut the coal and iron they want at home, will go where those are to be found, Tho London Spectator pictures the future in this pathvtic manuér: An emigration of 1,000,000 a year will thin us e} the land can support, and bring if sirenyth and energy, perbapa, ength and energy, to every land whose speak the Engilsh tongue. Anstralia, Poly- Heels, tho two teniperate Americas—for tha Bpan- ish Creola andthe Indlan will have long since yielded to the Teutun—will be Glied with the fmml- grants, who may even eecitle also, sndof course rule, on the highlands of Brasit, and England will ba left to U, 000, 000 or 8,000,000 of agriculturists, mostly stock-yrowers, Londun willbe a buger | Bruges, ite suburbe fortunately decaying at once, from bad oullding; the great citlea will dectine to Uttle boroughs, and the smaller cities will again be villages, and with all seas open, the coltlvation of corn will scarcely be a profitable occupation, En- gland will be mainly grazing land, a huge park, as it were, —you cau see the thingin miniatare in the strangely pastoral village of MIlIbIN, not ten miles from Londvn,—-studded at long distances with sleepy, cumfortable villages, pretty churches balf- dlsued, roomy old houses too grand for thelr oc- cupiers, and rulns just made picturesque by the avy Gud the creepera, What England wilt lose the Anglo-Saxon race in the remainder of the world will gain; and, fancy sketches aside, it may be that the addition of so much energy to the outside forces now at work will give the race a mark. ed supremacy over all others in the atruggle for exiatence and power. If England should become a pleasuro park, the Anglo-Baxons need not on that account be wrapped in in- dolence, sensuality, and pride. There isa field for the exercise of the talents, the in- dustry, the will of this incomparable race wherever thero is a soil undeveloped ora market unoccupied. pt ‘The condition of Russian finances is a sub- fect that deserves attention in connection with'the nows from tho seat of war, A state- iment has been recently published in the Russian press, from which it appears that the total proceeds of the extraordinary loaus and the advancos made by the State Bank have boen 232,000,000 roubles, ‘This monoy has ail been eid at an averaga montis rato of 50,010,000 roubles, On this basing is catimated that, if the War last : til next autumn, it will cost lesa than 600,000,000 ronbles more, instill in reserva 150,000,000 Toublos fro; the Enstern Ionn, leaving about 450,000,009 roubles to be raised by the issue of py money. The paper money is opreciater rapidly, and the revenues of the Empire ay, falling off in a corresponding ratio, : outlook is not cheerful, It shoul membered, howover, that Russia hing im. menso recnperative powers, and, if sho ee dispose of the Tarks in 4 reasonable ting she may hope to recover lost ground ing fow yenrs, ‘During tho fwonty yearg that havo clapsed since tho abolition of Serfdom her finnnelal condition has steadily improy, and whon the war broke out sho had n sur. plus of 40,000,000 roubles, the rouble boing reckoned at 80 cents in our currency, eee une hot Therg The tbe re. fournal sums UD the ess of Nebraska tn the fob lowing enthuslastic terma: Tho population of Nebraska tn abont ni andy thicihyc the Inet Mlicen vente ‘ont Teopre o built G0,000 louse, besides dugeant TULA fewe broke and enitivated 1,000,000 acres of prairie: sneveyed aver 40, (iW), OM) nerves of public Landy dee fined and orzanized weventy-fvo Counce; eon, structed over 1,200 miles of railroads: hititagen, 200 tallls, nnd about four miler of brides: onenet {50 post-onices, connected by 0, 000 tniler of vox foada; eatablished and published over 100 news. papers; onilt 2,600 schoul-houses, o State-Hunce, Tammy lin Tacltdiee eat one Bend Aa I nl Institute, Deaf ani una and about 00 cinrehes. inattate, —-——— Tho following reminds us of some of the Rebel ratds on the auppiy trains of the Federy armies, when they would help themselves to bread and neat without paying tho MTeenvacks therefor: Col. Wantrxorr ts eald to havo captured at ty, monpil and Azarilk,on the Lower Danave, a tac, Ishconvoy, sehich ‘was being gaandod by eigte Keyptian cavalry soldiers and 400 Circasseed ‘Thia transport was composed of ninety-nix horses, 2,370 oxen, and 4,000 sheep, A fow similar can. tires would enable tho ussians todo mits thelr Army Intendance Service, which, by the tray, imects with very little praise, as far as ite organise thon Is concerned, PERSONAL, ¥ “Admiral” Sommes left a son and daughter, both of whom live {n Memphis, Tena, Horace White's article on “ Tho Taritt and the Hard Tintea" will appear in the Galazy tor October, Smalley, London correspondent of the New York Tribune, constantly puffs tho Protec. tion policy, Does he not know that. Morace Gree. loy Isdead? * ‘Tho Now York Heening Post Bays of thy Gambetia trial: The De Brogiio Government hasdone more than mado him amertyr: {t by Apotheosized him.” ‘Tho twonty-fourth senson of tho Boston . Theatre began Wednesday night. For tho sisth consecutive time, Me, F..8, Chanfrau had the honor of opening the house. Tho report of Justin McCarthy's death was probably owing to the fact that Thomas Francs McCarthy, a well-known London Journalist, diet suddenly about three weeks axo, ‘The citizons of Minneapolis propose to give Col. Bill Kinga homestead in recoznition of Mh many vatuablo services to that city. Tho Pacite Mall Company ought to sabecribe, Lucy Stono has beon traveling, and she remarks sovercly that it la astonishing how men do tho work once suppused to be appropriate for women, auch as dusting the cars, washing thy windows, etc. . Mr. Atkinson, Miss Martinoan’s atheistis frlend, has a thousanil of her letters, and it Ie hoped that he will print sowe of them, at least at her prohtbition in regard to her letture did not oo tend to those In his posaesston. Lawrenco Barratt will discourse on " Foy. reat from nn Actor's Polnt of View" in the Octo ber Galary, It {atobo hoped he will duige Mr, Alger's excocdingly trito and self-auMicient.** Life” with soma of the sevority it desvrvca, A Milwankeo corrasponient of Dreight's Journal asya thatthe playing of Mrs, Julla Klve- King saved tho Thomas scason inChfcago, ‘This is Incorrect, though Mrs, King was fully Appreciated by aoveral large audiences. Ouv swallow dida't inake that summer, ‘Tho congregation of a London chimrch havo petitioned the Bishop of a dioceso to remove ‘thelr vicar, becaune the Intter gentleman ‘advo. cates discetablishinent, the Iteal Presence, purge tory, and prayers for tho dead," and aled becatse ho had excommunicated a parishioner, ‘Tho October numnbor of the American [au Review will contain **Prealdential Elections,” by Senator Edmunda, of Vermont. It ta nut the ob Ject of the article to vindleate tho Judgment of the majority or to condemn the opinion of the minority of the Electoral Coumtasion, but to present eug- Beatlons forwuch a change In tho oxttiny law as will avold the recurrence of tno danger wo escaped Anat year. Tho Rev. Dr. Dale, of Birmingham, Ea gland, whos to dellver thefall courao of lectures atthe Yalo Theological Somlnary, arrived In New York from Liverpool Tuesday, For many years te hasbeen one of the leading spirits of iirminz- ham,—a town which lung ago placed {taclf at the head of lboral and radical movoments, both in re- Ngion and politics, Me le tho foe of clerical supremacy, one of the champions of the League, andasfamous perhaps on the platform aain the pulpit. Hahsegons much for the causy of edu: Cation, and was for years, perhaps atill is, the editor of the organ of tho Congregatlonaliete ia Engtand, Viscount Frankfort de Montmoronoy, aa Irish nobleman now In his 71st year, ite sald, hae been senttoa lunatic asylum by his frisnda, to Prevent him from marrying u lady with whom bo, was concerned ina divorco sult soma years az. Lord Frankfort de Montmorency {a tha son of one Of the Insah membere who voted fur the Union, sat who were mado peers in consequence, ‘Tau pres: ent Poor bas been anything but a credit to hls order for yeare past. In 185% he was sent to the Jluuee of Correction for twelva months for sending aa abominable letter to Lord Menry Lennox, and coo- epiring for acandalous purposos, Prof, Thorold Rogers, of Oxford, in an open Ictter justifies the keeper of the Bodlvian Ll brary in refuslag to lend ** Thy Priest fu Absolu- on” toan undergraduate. The young wan was forward, and sired bla grievance inthe newspapers. Prof, Nogera answors that it is necessary fur great library like the Bodtelan to keep many books which are not Mt for gencral reading; that ‘*Tbe Pricat in Absolution " is nut recommended by soy Bishop for such purpo this young wan pro- feased to desire ft; thatthe study of roputed ob- acenity was not calculated to put a candidate for orders in @ particularly favorable light; and foal- ly, that the Bodleian would never, bo hoped, al- low itself to be mady **a convenience forthe atuuy of indecent, sensational, or obsceno buoke."” Horace Grocley’s laut lotter of friendship Was addressed to Col, Vappan, of Bradford, N. H., and ran ae follows: **Mr Furmxo: We have been terribly beaten, 1 wae the worst beaten m4 who ever run for the high office.” And I have beca assailed so bitterly that I hardly know whether! was raping for President or the Penttentiaty. [0 the darkeat hour my long-suffering wife left mo, none too soon, for abe bad eutfered tuo deeply sud toolong. I laid ber in the ground with bard, dey eyes. Well, Iam used up, I cannot evo before me. Thave slopt little for weeks, and my eyes are ‘stil hard to close, whilo they sven open avalo. But no more of this, You, my friend, went Into this contest for me, You knew as I did thal wo must atop fihting the Rebeiavome time. Lut itis now settled that wo never shall.” ‘The date of tis lettor was Nov. 8, 1872, Lou's Kossuth's sppeal to his countrymen to take advantage of the present war between Rut als and Turkey to declare war against tho former conatry le valid to have produced a great seneatlva at Pesth, The signidcant sentences are thesd: **The Muscovite press no longer conceals tho f2¢8 thst the banner of the Slavonlau causa is unfuried- After the Slavonian cause of Turkey will come the Slavonian cause of the Austro-Hungarian Monarchy which are uo vain words. = Aduutting that ities comes vut of the war victorlous, tie Car woul then mount the pedestal of blatury as thy triupae ant chief of Panslavisia, whence would rewult # Poostavonian Cwsurism. But If wo sond the za) back home with bis Panslavonian banner, bus with out victory, his wings will be cut, hie future aight and Panslavism irrotrigvably lust."