Chicago Daily Tribune Newspaper, September 19, 1877, Page 4

4 v Tlye Tribune, TERMS OF SUBSCRIPTION. NY MAIL—IN ADVANCK—POSTAGE PRRPAID. Drily Faition, one yrar. 81200 Tatteof @ yrds, pet mont Tan Manled to 8oy ndireen four weekn for. K bunony Ealt &t d Tounte Shee Mk, § welve puies. year... One copy, per year. Uharfems: Sont Ciubof tae Spectinen To prevent deiny and mistakes be sore and give Post- Of ce vddrres in full, Including &tate and County. Kemittances may be made efther by draft, exprems, Tort-Utlicr order, or {n registered fotler, At our Fisk. TENMB TO CITY BUBSCRINERS, Trotly, delivcred, bundsy excepted, 25 cents per week, clfvered, Suntay thclided, ) Lenis per week, Addrens TIE TRIDUNE COMPANT, Corner Madison and Deatbornests., Chtcago, Til Orders for the delivery of Tax TRISUNK st Evanston, Englewmnd. and Jlyde Park left In the countiug-room will receive prompt attention. AMUSLALE, Hnoley's Theatre. Randolph street, botween Clark and Lasalte, En- gagement of Lawrence Darrelt, Afternoon, *! Lady of Lyons," Eveuing. *‘Jullus Casar,™ er:!gmrl Cummens, Foster, eic.t Mesrs, Uarrett, U'Nelll, Tilce, ele McVicker’s Theatre. Madlson ttreet, hetween State and Dearborn. Eae gagement of Edwin Rooth. ** Itichelleu.™ Mesdames Don, Price, ew.y Messrs. Soath, Wheelock, Pearson, ete. Adelphl Theatre. Monroe &treet, cortier of Dearborn. **Tleket-of- Leave Man." Mesdames dycrs, Plerce, ete.t Mesars, Hamilton, Blstsdell, Keane,etc, Afternnqn andeveniog. New Chicago Theaires Clark street, oppusite Sherman House, Haverly's Minstrels. Messra, Ityinan, Thatcher, Howard, etc. Atternood and evcolog. Wooil's Nuseam. Monroe sirret, lirtween Siste snd Deatborn, Fa- gagement of Geroree Prance. ** Wide-Awake." After- noon and evening. . Lxposition Building. Michigan avenus, opposite Adama street, tate Tudustrial Exnosttlon, Day and evening. Tater- Ronee] Park. Trwenty-third sireet, corner of Totrnawent, Star vs, Allegheay. e * SOCIETY MEETINGS. TMESPENIA LODGE, No, 411, A, F. snd A, M.— ftegniar Communteation st Masonlc Temple, cor, Rane dolph and Hasted-sta., on this (Wednesday) evening, Rept, 19, THIRD DEGHEE. Visiting rethren core alally tuvited. o iR ATI BRENAY, W. O _CHAS, F. POERSTEL, sec, WEDNESDAY, SEPTEMBER 19, 1877. S e e e SN ) OHIOAGO MARKET BUMMARY. ‘The Chicngo nroduce markets were frregolar yes- Btate. Dase-Ball terday. Mees pork closed 1Uc per brl higher, at $ .00 cash or meller October and k3 0 for tho year. Lard closed Scper 100 1bs higher, at 88,756 per 100 ibs cash and £ i svller tho year, Meats closed firm, at ¢ per ™ for loose shonlders and e for do shost ribs, Lake freishis wore Ariner, at 332 4c for corn 10 tiufialo, Highwines were steady, at €1, 00 pergul- Jon. Flourwas quiet. Wheat closed 1c lower, at $1.07% for Sevtember and £1.03Y for Octuber. Cotn closed Yie lower, at 445 for September or Octobar, Outa closed $3c lower, at :M4'4e cash or scller October, Lye waslc Jower,at Hic, Uarley closed 1714 ¢ lower, L 61c canhana e for Octo- were active and stronger, cholca and cloalng #210c Ligher, Salss wero at for common to extra, Cattlo wero unchanzed, witn sales at §2, 0565, 50 for poor to cholce, Sheep wore dull, at $1,2524.00, Last saturduy evening there was in storo In this city 48814 bu wheat, B8D.425 ba corn, 205,887 bu oaty, 110,505 bu rye, and 277,151 bu barley. 277 belng un Increase of 203, Gil4 Thero was in atoro In Peotla at, 01,731 bu corn, and 122, g8l ha Milwarikee, 280,878 bn wheat and 3 bicorn, The exports last week from aboard ports foot up 00,008 brls u whest, 034,071 b eorn, 11,200 S bu rye, 1,815 bu peas, 5,104 bris 1 1bs bacun, and 4,407, 114 108 lanl. Bundred dollars in gold wonld buy $103.00 in greenoacks ut the close. Gresnbicks at the New York Stock Ex- change yesterday closed at 974, S0 faras reported in the numerons dls- patelis printed this morning, the frost of AMonday night seems to have inflicted no serious mnount of (damage upon corn and cther crops yet growing. ‘Thy Stadacons Fire-Insurance Company of Cannda, »o heavily smitten in the St, John conflagration, will on "Thursday next pay 26 per cent in cash to the sufferers by that firo holding the policies of the Company, and will give its notes for the remainder, to run six nud nino wonthy, ’ MacMavox hins Issued o manifesto assur- ing tho people of France that they have .nothing to fear in the event of the indore- ment of his policy at the forthcoming elee- tion, but hintivg that grave consequencea may cnsuo if o contrary exprossion of the popular voice should be the result, The rising generation of Loulsville yester- dny come in for its share in the demoustrs- tions attendant upon the visit of President Haves. Tho schools wero visited by the dis- tinguished party, and the young misses and masters afforded the opportunity of seeing &nd bearing *“ a real live President.” In the evoning the city was magnificently illumi. nated in honor of ths occasiol The rumor that Joux W, Youxa, the favorite son of Buionax Youna, is sbout to ‘becomo polygamous in bis marital relntions is indignantly denied by his wife, at present visiting in Eastern cities, 'The story was that sho had just packed her trunk and ¢leared out when she heard of the projected ¢ gealing” of No, 2, who was sald to be asort of a ulster or romething of Jonn W. Thae first detachment of the Russian Im- perial Guard passed throogh Bucharest yes- terday morning, én route for the seat of war, and other regimonts wore moving on parallel roads towards Simnitza, ' The troops in Toland have also been ordered to join the army of Nicmoras,—an expedient attended with some hazard, in view of the perpetual disaffection existing in Poland, and one which shows the desperate means to which Russia is driven to hurry forward reinforcementa. —_— An offer of 10 per cent sdvance upon the wages paid at the time the strike began was yesterday made by the Lehigh & Wilkesbarre Coa! and ¥ron Company to the striking wmin- ers, provided the latter wonld resume work st once. The offer was unanimously re- jectod 8t a wass-meeting of the strikers called to cousider the proposition, and thus, it is belioved, end allefforts at bringing about an adjustment. The miners prefer to starve, or, in lien of that, to steal and rob, rather thau accept an increase of 10 per cent,—a fact that will tend to lessen tho sympathy that would otherwise be felt for them. e It appears that the Turks were in too wuch of o burry ip their announcement of the capture of Fort St. Nicholas aud the consequent dislodgement of the Russisng from thiir commahdiog position in the ountre of Bchipks Pusa, ‘The fort at last accounts had not only not been takes, but adls Ciiauw TRIBUNE: WEDNESDAY SEPTEMBER v, 1877 - the Tarkish nssault was repulsed with great slanghter. A Constantino pledispatch, official in charncter, undertakes n half-way correc- | tion of the erroneous report at firat pub- liched by stating that the Tnrkish brigades which stormed and carried tho position * re- tired to their former positicuis for strategicnl reasons, after having oceupried the fort for six hours." Gen. RapeTzrY docs not aamit even this much, but asserts that the result of a desperate fight lasting nine hours was the completo repulse of the Turks with enormous losses. The corresponident of the Laundon Times, writing from the Pass on the 31at of Angust, states that up to that date 10¢ attacks had been repulsed, and the Russinn position was considercd safe in every respect. Thres murderois Chinamen in Placer Coninty, Cal, not far from Sacramento, have by a bloody butehery farnished a peg npon which all the natweal hatred of the Mon- golian race felt by the white people of that region hss Dbeen hung, and the innocent almond-eyed son of the Orient now packs up his housshiold goods and flees from Placer County, looking backward, like outeast Moor or Jow of the dark ages, vnly upon his flam- ing home and keon pursuers, and feeling that the vengeance of the American Joss falls alike nupon the just and unjnst. Tho Governor has been petitioned to put a curb upon the unlicensed hostility of the axmed mobs now menacing public intereats in that region, and it is probable that a powerful impetus will havoe bean given to the discnssion of the Chi- neso problem before the presemt troubles are over. The young Prince Narorzcwy, the son of his father, who was the nephow of his uncle, has gone to Belginum. That fact at any other time wonld probably cause no comment. But ot present there is pending in France one of the most important election cam- paigns ever known to that excitable poople. France, aRepublic only in name, is in the throes of o political disense, the result of which no ono can forotell. The Prince goes not only to Belginm, but his residonce whilo there will bLe suspiciously near to the Fronch line, namely, at Nammr, the Cnpital of the province of that name, which overlooks tho northern border of France. It s given ont that hia Roysl IHighness will occupy his time during his Belginn visit with hunting and other sports which royalty is sapposed to crave occasionally, Already the correspond- cnts hint that the gomo sought by young Lovutsis of n far higher class than can be found in Delginm, and that ho las gono thithor for the purposs of watching and waiting with the vlew of seizing any advan. tage which may present itself during the next soonth, Will the Republic, even as it now exists, survive the comfag test 2 Yestorday, at the hour fixed for approving the bond of 3r, StroNe ns Recoiver of the Stato Savings Institution, it nppsared that that gentleman had been uuable to obtein the requisite signatares to the bund. Judge Wirrtams theroupon revoked the appoint. mant of Stroxo and appointed Judge L.B. Or1s, who will to-day file his bond and enter at onco upon the daties of kis office, Judge Or1s is well known to the public. Ho unites saveral very important qualifications for the placo of Receiver. 1o is capable, isa man of integrity, and fully responsible. -‘Uhat he will sdminister tho duties of Receivor fairly and honestly, thero can bo no doult, It ia timo that this business should take some definite form. What las taken placs has Leon purcly fnformal. Tho Committeo and the Amusignoe have mercly discovered that thoro hns been a wreck aud a robbery, and hnvo ondeavored to find out what has been loft. ‘Tho Recciver will address himsolf to gatheriug up nll tho fragments of the wrock, waking them availablo as far as possible, aud distriluting the procoeds amoug the deposit- ors. ‘I'hat will bo the duty of the Recelver, and it in likely that Judge Oris will get ns much moucy out of the fragments for the depositors as any other man who could bo selected, ‘FwreD was ngain quostioned yesterday by the Aldermanio searchiers after corruption in New York City, and unswered in a very gin- gorly manner, nud very much after the . fushion of the mon who aimed to hit the mark if it wero n deer, nnd to misa if it proved to be a cow. Upon most of tho conundrums propounded Mr, Twezp con. ferred witlrhis counsel, sometimes even with- drawing from the room to consnlt with the lawyor ns to whether the **truth” would boar telling in that particular instance, and usually returning to Llandly tell hls examin- ers that he kuew nothing regarding the obfect of their question, It scems that the attack of Monrissy, published in the New York Sun recently, touched the rascal in one of the soft spots a0 raro in his hard old nature, and, walching Lis opportunity yestenlay, the great thief rose up and read a paper recalling a fow trifling cpisodes in the life of that cminont Demo- cmtio “ex.poundor,” such as frequent orrest, final incarceration in the Pen. jtentiary, gsmbling, price-fighting, and other coups which make him dear in the hearts of his constitnents, Iaving proved to his satisfaction that Monnissey ‘woa another, T'ween grew more communica. tive, and recited tho main facts in the mat- ter of the grab of $1,5600,000 ostensibly for the Brooklyn bridge, ont of which the Boss may hava realized as high na $500,000, ‘The New York Herald asverts that it has carefully examined several Lundred of its exchanges in all parts of the country, and that in no case bas it failed to discover in. dications of arevival of business, improve- ment of prospects, snd enlargement of confidence. 'This change for the better has undoubledly been hastened by the exceptional coucurrence, to which we e already given prominence, of pn extrsordinary demand for American breadstuffs abrosd snd an unusually abun. dant- yiold thercof at home. ‘The recovery from the panio of 1837 did not begin till 1844, seven years after ; the War and the ex- citement and speculation incident thereto offaced the effecta of the panic of 1857 some- what sooner, but that was an unnatural stimulant, and was necessarily followed by & reaction. 'The recovery, which is noticeable at the present time, is of & more legitimate and reliable kind, ° Besides, the panio of 1873 was not so overwhelming as that of 1837, Though the shrinksge of prices and the destruction of values has been greater, the relative distress of the country has been less, because there is so much larger on amount of accumulated capital. This was aptly pointed out recently by a correspondsnt of the New York Z'ribune, who searched the Congressionul files for purposes of compurison, He fouud not only the wccounts of the guneral depression of business, depre- ciation of property and wages, and scarcity of mousy, which have coustituted the com- plaint of tho last fonr years, but also that whilo other nations were horrowing monecy at 3 per cont, the United States Government comld not place its lonns at 6 per cent, and State securities were from 30 to G0 por cent below par. The prosent condition, on the contrary, shows that the eredit of tho Na- tional Government atands higher than ever before, for it was never before ablo to bor- row moncy as low ss 4 per cent; and the Stato secnritios, instoad of being below par, aru all at n premium, except those which ara tainted with fraud in their issne. Thus thé rolative conditions for recovery are mora favorable now than i any previous finaneial cuisis in the history of the country, e e THE SILVER QUESTION. Of conrso tho ordinary advocate of an ex- elusive gold coin currency hna o distinct pur- pose in view, o personal ond to accomplish, and, though he is inspired by selfishness, ho nets intolligently, and fally understands what he talks about. But the case is differ. ont with the amateur advoeate of contraction of specie pnyments and s gold currency. Inspired only by a desire to imitate others, and lacking the Intelligence of the man who is intorosted, and speaking ignorantly, ho makes sad havoe of law, facts, and philoso- phy. Ono of these amateurs in financial dis. cussions, aud one of tho most ignorant of the class, §s the Chicago T'imes, Its attompts to rehiash the argnments of tho gold-cbin pa- pers aro amusing, ond doubtless fauraish gronnd for Isughter to thoso whose cause it professes to champion. ''ne Cnicaco Trinuxe has stated that spe- cio payments cannot be maintained in any country unless thera bo specie in the coun- try cqunl to the amount of paper to ba re- deemed, if payment be demauded. This is a solf-evident proposition. If this rule wero not violated, there would be no general aus- pension of specie paymonta. I¢ is only when there is not coin enough in the conntry to rodeem the paper that a general suspension of specio payment ia possible, and yot the Chicago T'imes declares that It is not truo; and that specio payments can be maintained with an amonnt of coin lesd'than the amount of paper to be redecemed, Becnuse, through tiie ngency of bank-checks and bills of ex- chinnge, payments can be mado to ten times orn hundred times the amount of monoy handled, the 7'imes hes an ides that one -dollar of specio can be mado to do the work of ten in the way of redeeming paper cur- rancy, and that iden is repeatedly presented to show how littla coin is noeded to redeem and keep redecming all the paper mony in tha country. ‘Wa havo repeatedly pointed out that, if the law be insisted on that the Treasury shall redeem greenbacks in coln on the 1st of Jaunary, 1879, and silver Loing demone- tized, this redemption must Lo in gold coin, Wa have shown that the greenbacks buing redecmable in gold coln, the National Beuks must bo propared to redeem thoir notes in colualeo, and that to attempt to pro- eite the gold coin for nny ruch purpose would so-drain the gold mnarkets of Europe s to pro- duce n financial convulsion, Under such cirenmstances the price of gold, as com- prred with ‘the prico of other commodities, wanld be greatly sdvanced. The National Bunks would not venture to contond with such n condition of affuirs, and of necessity would anticipato all embarrassment by with- drawing their notes. Tho greonbacks being exnhanged for gold, and tho bank-notes retir- ed, nnd silver demonatized, the sole currency will be Buch nmount of gold coln as cen ho had. In this gold coin, existing of nicessity in small proportion, all the busi- noss of tho country would Lave to bo trans- acted, and on a gold basis, Paper nnd silver tuing excluded, wo thought wo were putting tho case mildly when wo said that gold coin woukd bo needed in addition to the purposes of forcign trade and tho uses of the Qovern- maent, for general purposes, ns follows: “ Bat specio payments to tho extent of re. deeming the greeubacks nezns not only gold for groenbacks, but also gold for bank-notes, gold to pay bar ke deposits, gold to pay pri- vato debts, gold to pny wages, gold (o pay expenses of the Genoral and all City and Cotmty Governments, gold {o pay the costs of operating railroads, gold to pay city and corporation debts, interest, and bonds, and gold to pay thoe enliro mortgago indebtedness of the peoplo of the United States,” I'nz Tuwoxe has claimed that this sndden reduction from §700,000,000 of currency in bak-notes and greenbacks to the sum of gold coin that might bo secured to redeem the greenbacks would bo s contraction so ~violeut nud so great that it would plunge the country into general distress, The shrinkage of valnes of all forms of property, especially real estate, as measured by gold, would work the confiscation of all the mortgaged lands ond city property in tho country. Under theso circumstances, Tur Trinuxe has in. sistea that specle payments caunot be snc- cessfully resumed aud maintained with gold coln alone. 'That even France, with coin on haud equal to U8 per cent of the outstunding puper, dare not venturo upon a resumption of specie psymonts which must of necessity apply to all branches of busincss. The United States could not hope to have more than $250,000,000 gold agaiust 3700,000,000 of paper, and yet thesa people ‘would have the couptry rush wildly into specio payments, and drive out of circulation all the paper, As the best and wisest proparation for the resumption of specie payments, we have ndvocated tho remonetization of silver. The issue of subsldiary coln has taken the place of the fractional currency, without produc. ing more than a slight and enly temporary . ‘want of change, Tho capacity of the wints to colu silver dollars is placed at 850,000,000 s year. The coinage of silver dollars would ‘e the best preparation for specie payments, The amouut of coin and the amount of pa- per would rapidly equalize, wilhout any con- traction of the currency. The Chicago organ represents this position to be: And, sccording to the Doorirrix-Mepity dic- tum, $700, 000, 000 of thewe dollars muat be coined, because, (e sllver doilar belug cheaper than the gold dollar, it alona will circulate if remonetized, and sl the gold coin will goavroad. We can cola about 50,000,000 of sllver dollars anuuslly, and at that rate is will take fourteen yenrs to coin the $700,000,000 which, according to the school. section phllosopher. we muost have beforo specio payments can be mslutaiued, Perbsps the poople uf this country will bu disposed to postpous roe sumption for fourteen years, aud perhaps uot. 1t s bardly uecessary lo point out the ob- tuseness which inspired that comment. ‘To equalize the amount of curvency between coin and paper does mot require that the smount of curreucy should be doubled. If thero be $700,000,000 of paper in the country and $150,000,000 of coin, the tota} currency is $830,000,000, which might be reconstituted 80 a4 to have $400,000,000 in paper and an equal amount in coin, As we cannot incresse our stock of gold, but can fucrease our silver coin, the sooner we begln to coin the silver which will at once pour into the mints, the sooner we will reach o point where we can resume spacie payments without contruction sud without E Had not tilver been demone- 73, there wounld in all probability have been coined in 1874, 1875, and 1876 a3 mnech as 150,000,000 of silver dollars. We wonld have been that much nearer a prepn- ration for specis paymonts, and the value of silver wonld have been largely advanced to- wards par with gold. As the nmount of coin increases, the paper in excess of the demand would retire, nntil in due time the propor- tions of the two forms of currency wonld equalize, and the country wonld be in condi- tion to maintain specie payments. THE WAR IN EUROPE. Perhaps tho most important contribution to the humorons literature of the war was mndo in tho following dispatch, published yesterdny: Deranape. Sept, 17, —The Servian Government prblishes ofticial Intelligence that the regnlar army’ has not gone to the frontier, but returned to ita quarters after completing tho nsual snnual maneuvres. The Servinn Government has ncted prudently and wisely. Uuder the circum. atnnces, the army counld do nothing beller than return to ita quarters. It is forlunate, indoed, that the MANQUYIeA Wero €0 com- plicated and so prolonged that tha original intention of crossing the frontier and taking part in the war was abandoned. It is now too late for Scrvia fo turn the tide of war, and her participation in it would only add to the diffienlties in which she has beon placed. The Servian peoplo scem to havo known all nlong tunt tho Turks were better fighters than thoy wero credited with being by the rest of Europe. Bervin hod n tasto of Turkish stoel on her own territory not long ngo, and the experience in that inatance taught a valoable lesson, IHence the un- willingness of the peoplo to take sides in the presont war, and the extreme reluctance, which has been intorproted as cowardice, of her ralers to invoke the power of the Turks, Doubtless the Roumnnians wish by this time they were safely back on their own side of the rivor. The dosertion of the Servians at this crit- ical juncture, while it doos not make the Issuo moro doubtful, is anothoer blow to the Iumssians, Affairs are now in such a condi. tion that they must begin to think seriously of o rotreat, It will not be surprising if the project of .wintering in Bulgaria is aban- doned. Tho army will bo safor on the other side of the Danube, A military correspond- ent of tho London Zimes insista on the im- portance, not to say nocessity, of baing on the right sido of the Danube after the cold wenther sets in, Ho asserts that the river ia likely to ba frozen over or choked by flont- ing ice, #o that the communications of an in- vading army would be intorrupted. The. British Consular fleport showa that in tho thirty-seven years previous to 1873 the Lower Danube remained open all tho winter only oight times. In January, 18G4, the icoin the middle of the river was ascertained to be at least fifteon inches thick, and, at tho sides from twenty inchos to twenty-five inches, and tho winter wns not unusually severe. Tho joo imperile the strongest vessels, and ita breaking up would probably sweep away overy bridge the Russiana could construct. ‘Ihe severity of tho winter weather in tho Towor valloy of tho Danubo is almost anex- ampled for the elovation and latitado. . The mean tomperature s ostimated as low as 2{ Farhenheit dnring Jaunary,—that is, 14 degrees below that of Aberdeen, and 15 dogrees below that of Dublin, The prevail- ing wind is cast or northeast, blowing on the northern slope of the Balknn range from the Arctis Occan over mora than 3,000 miles of high aud bleak uplands. Tho thermom. ater, althongh {t nvernges 24 dogroes, not infroquently goes below zoro. 19 These statements have an obvious and di- rect hearing on the Rusaian plan of winter. ing in Balyaria. The country has been swept ‘baro of provisions, and to risk a winter camp thero withput positive assurances of commn- nications with the base would bo to iuvite nnother Moscow, and to crown the folly that has directed the prosent campnign, It is Dardly conceivablo that the Russian Genernls will mnka such an enormons mistake, They may not evon bo pormitted a choice in the mattor. If it be true, s reported this morn. ing, that BuLEmvan Pasha has bogged 40,000 TRussians inthe 8chipka Pass, the Nussinns cannot, even with the Imperial Guards as re. intorcementd, prove a match for tho Turks in numbers; they have already proved themselves inferior in everything else, Thelr ignorance of the first principle of stratogy, which tenches that the onemy should never be at- tacked oxcept by superior nnmbers, bas been by this 'timo snficiently established. With almost {nconceivable rashness they havo di- vided their forces in such & manuer that onoh detachment coufronts a superior force of Turks, and the task of getting the divis- jons together without disaster musat now en. gnge exclusively the attention of the Russian Gonerala. THE LOUISVILLE LOVE-FEABT, The visit of the President to Loulsville hns beon most fortunate. It has given the Southern people an opportunity to show publicly how ready they aro to accepta peace-offering made in good faith, and how easily they aro won by kindncss. There is no éther man in America who conld have callod forth a popular demonstration ko large and sb*enthusiastic. It may be sald of the Bouthorn people, indeed, as was sald in quito o different connection, that when they're good they'ra very good, but when they'ro bad they're Lorrdd, We have lately had some ex. perience of them when they were bad. We found them bravo enemies in tho fleld; im- placable when dofested; venomous when trodden upon aund punished. When their political institutions woro placed in the hands of ignorant adventurers, they were as for as possible from being law-abiding citi- zons, Thoy organized Rifle-Clubs and Ku. Klux bands which patrolled the country be- fore eloctions, and inflicted numberless ont- Tiigos upon the nogroes and the white Re- publicans. They sadminisitered, affairs with- tue revolver and the bowioknifo ss be- twean theselvos, and did not always stick at nssnssination when all other remedies fuiled. The hawsher the polioy pursued to- wards them by the National Government, the worsa they becamo, until at last it seem- ©d that anarcby was provailing in many sec. tions of the South, and martial law was the only resort. * ‘Ahis was the state of affalra Premdent Haxzs bad to confront on coming into office. ‘The cholce prosented to him was between sending frosh armies into South Carolina and Loulsiana; or appealing to the magua- nimity of the people of thoso Btates. He chose the latter policy. The National Gov. ernment informed the country that it no longer held itself responsible for thq acts of any State Government. The effect was in- stantaneous, Violonce coased. The Rifle- Qlubs and Ku-Klux bands dispersed. The negroes found protection and employment. All the people returned to their ordinary avocatious, and an era of peaceful induwitry was innugurnated which promiises to be un- exampled in its results since the \War, The Southern people, now that they aro good, havo becoma very good. Not a mur- mur of discontent was heanl from that quar. ter when the riots of the Norlh necessitated the withdrawal of the few remnining troops; and we faney even tho Northern Implacables must havo rejoiced, st thet time, that the political troubles in the South had censed. Tho peoplo of the Sonth had been afforded no opportnnity to attest their grtitude for President Haven' action until his arrival in Lonisvillo. 'Thoy remomber kindness well. Ho had nomore genorous wolcome in New Erglnnd, whore the mass of tho people be- louged to his own political party, than was accorded him in one of the strongholds of Bonrboulsm. The erowd was described ns {mmense,—more than could be comfortably addressed. Sruant Ropixsow, the celebrated Prosbyterian divine, who was almost the Iligh Priost of the Confederats cause, wel- comod the President as *‘The victorious chiof who has conquercd ndversary henrts and won them back to brotherly affection.” Gov. Wapx Haxrrox spoke of him as_ “A man who has done Lia duty ; who lias risen high enongh to see that ¢ he serves his party best who sorves his country best;'” and invited him to visit Sonth Carolinn, whero he was promised a reception no less cordinl. The speakers em- phasized the fact that tho domonstration in Kentucky waa extended *' without respect to seetion or party, past or present,” and the people applanded the distinguished Repub- licans introduced to them as if overy concilia- tory sentiment found nn echo in their hearts. The meetingis significant notonly as show- ing the good fecling of the Bouthern people, but as indicating the coming ro-cstablisiment of thoold parties as they existed before the War. Reforences to JIexar Orax as an old leador could bo made by tho spenkers of Loth parties, and in memories of this old ‘Whig chieftain all met upon common ground. ‘Tho ovent gives strongth to the opinion that the party of Henny Crar is not quite so dend 8 lias been supposcd. As the causes of the present arbitrary and foolish political divisions in tho South have pnaspd away, thera is no renson why the divisions thom- solves should not cense to exist, They will bo carried olong a fow years longer, per- haps, by the impmlso they have nlrendy re- coived ;. but nothing is more cortain than that the color-lino has rurvived its usefulness, if it over had any, and will soon disappear forever from American politics. To this end the visit of the Iresident to the South will contribute, since it will give opportunity for the old Whig cloment to make itself heard. ‘Wo hope it will nlways talk as londly and as bravely as it did in Louisville Monday, ® WENDELL FHILLIPS ON THE LAEOR QUESTION. ‘WespeLu Prunvies is by nature and habit 80 radienl and dogmatio in his utternnces on publio questions that it is an agreaable sur- priso to find him rensonably concillatory in treating of the relations between labor and capital, Al that ho haa to say on the sub- Ject is not right nor even well considered, but it is & relief to find that ho does not en. conrage the extreme Communistio mothods, and that he protests against every reeort to violenco ns a moans for compelling employers to nccedo to tho turms of discontented work. men, Usually 8o ready to counsel resistance and rovolution, My, PurLrirs comes forward with ‘the olive bronch in his haud nnd pro- poses nrbiteation. His suggostion is that there shall Lo a standing committes repro- uenting the corporation or firm on tha one side, and a comwitteo of workmen ropro- sonting tho employes on the other; that there shall be mutual consultation once every few months, whon there shall be submitted the cost of raw materinl, interest on capital, repalrs, ote.,” and the prices which the goods bring; that tho wages to be paid shall Lo dotermined by such an exhibit; and wheon tho committeos cannot agree, then an umpire shall bo called in to wmnka the final decision, 'Tho suggestion s not n.new ono; it is g0 old, in fnct, that there is no hopo of its general adoption except it bo put in the shapo of a law, and the process of arbitration Lo intrusted to tho supervision of publio tribunals which command the confidence of the whole community, and uu“ their aid be invoked only when the employers nnd om- ployed cannot agree upon a goneral reduc. tion proposed or a gonernl incroase do- manded, It is evidont, however, that Wmvoriyn Purreres’ arbitration would be based upon false notions. To begin with, ho scoffs at tho theory of * supply and domand” as so much * babble and chafl," aad characterizes it s n political cconomy * which forgets Gop, abolishes hoarts, stomachs, and hot blood, and Luilds its world as cbildron do, out of tin soldiers nud blocks of wood.” These ore .mero phrases. Thoy certainly have the twang of the old antilavery haranguer. Butit is all impracticablo and wrong, It is imposuible to conceive of any fair system of arbitration which should not tako some account of supply and demand as tho most notable influence determining the amount of wages to be paid. An fustanco in point is furnished by a strike at Bolton, England, in tho cotton factories, The mill- owners proposo a reduction of 15 per cent ; tho operators resist this, but are willing to submit on o reduction of half.time, which would really reduce their wages moro than the employers propose, Thoy claim that tho shrinkage of prices is owing to aver-pro. duction, and that by manufscturiug less goods the prices may-bo restored and wages along with them. But bers the operatives ignore the actual condition of things, One reason for the decline in the prices the English manufncturers get for their goods is the competition they find of Ilate years from the manufacturers of the United Btates who have gone into the markets the Eoplish formerly monopolized, and, on account of & number of circumstances not necessary to recall, have boon able to under. sell them, aud thus have brought down the prices, 1If, now, the Eoglish mill-owners would acceds to the demands of the opers- tives aud run on half-time instead of reduc- ing wages, A‘hrga part of their expenses would remain as large as ever,—their rent, intereat on capital invested in machinery, the wear-aud-tear, clerk hire, cost of agencies, eto., while they could not make much iw- pression on the markets of the world when the Amecricans are ready, anxious, and com. petent to ill the gap. The English, to re- tain their markels, must keop up their sup. ply at the reduced prices, aud to be able to doso they must still further reduce the wages thoy pay. The case shows how im- portant a figure the theory of ‘““supply and demand " cuts in the labor question. ‘There is another polnt in which Wrxpzrn PairLirs concedes too much to the' demand of the workingmen. This is where ho calls for legislative interforence to apportion the dividends or profits as a part of the wages. This i a schewe for enforced co-operation instend of arbitration. The principle of arbitration would necossarily give the work- ingmen two distinot ndvantages, viz.: (1) That they should nlways be preferred creditors, and paid befors ront, or raw mn- terinl, of interest on capital is paid; and (2) that thoir wages shonld not be reduced below a ratowhoro existoneo is impossiblo; for, in that cnse, they will qnit work. Novw, when tho employe takes abrolntely no risk, and gots hia living when the employor earns notbing, it is asking too much that he shall also sharo the profit of the employer when the latter makea any profit, or that he shall take such a slice of the dividenids in good tines, over and above the natural incroaso of the wages fund with the improvement of buslness, as to leave the employer no com- pensation for the absonce of dividends in bad times, Wenprry Pamrars’ fandsmental error lies in his absurd negation of the supply-and- demand theory, and ho resorts to the nn. worthy devices of the demagogue when he hints to the workingmen that thoy have the ballot and the bayonet in their hands, So long a8 individual control of property, and the individual duty of providing for self and liome and family, are recognized s rights in this world, supply and demand will continue to govern the relations of commerce and Inbor. It iaan error to nssume that the om- ployer dictates the rate of wages; ho no more does so than @he employe. One says, “I will pay so much,” and the other mnccepts or rejeots it. The othor says, “I will work for so mmuch,” and the employer gives or refuses it. In Loth ifustances, the result is governed by supply snd demand. Tho laborer presscs the employer up to the highest wages that he can command elsowhere, and the em- ployer pnys it rather than closo down his business and sacrifice the profit which the product of the labor will still bring him after paying the wagos domanded. DButif the Inboror presses still further for o rato of wages which nocessitales a loss, tho employ- er necesaarily refuses; or. if he doea not, he brings on ruin and bankruptey, and tho laborer is thrown out altogether. Thus, to ignore the rigorous law of supply and do- mand, is to ruin the employer without bene- fiting the employe. No artificial law can bo framed which can overrida this natural law, and no man -who proposes it is n friond to the workingman, Mr, Wexprwn Prries will find that the relations of capital and Inbor require for solution something moro than well.-rounded periods and cultivated declomation. ‘The Presidential claims of Mr, Trpex still seom to be the chiof bone of contention among the Damocrata; and, if ho shall bo alive and disposed to agitato threo years from now, he may be in a position to do tho Dem. ocratic party as much harm then as he did by his candidature in 1876. The Brooklyn Eagle, for instanco, says that * if Samver J. Tunex is living nnd eapable of performing the duties of Presidont of the United States, Lo will bo the next Democratio candidate for that of- fice,” and ndds: *This s a quostion which may 8a well bo accopted as sottled ' by politi. cians,”" Dut, on the other hand, the Rocles- ter Union, which is just as Democratioas the Eagle, says tho ronson why 'T1LDEN was not inaugurated is *bocausa the Democratio party was poddled with a leader in whom both it and the country lnad lost confldonce,” Cho same radieal difforonco of opinion about Mr, TiLoex's ments seoms to permoate tho entire parly. Tho disouskion has been kopt up for nenrly a yuar, and if it be prolonged throo years longer tho Domo-ef cratic party may as well give up the idea of running eny candidate. Any party which ignores tho drift of oveuts and the {ssnes of tho day to quarrcl ovor the protensions of o maen who songht to nequiro the chief offico in the nation by chicanery and bribery, is not likely to command suficient popalar confldenco to elcot that man or any other, + 8ir FiaNcis Hlm:xs; late Finance Minlster of the Dominlon, addressed tho Bankers’ Conven- tion In New York lest week, What ko sald in regurd to Canadiun eaviogs baunks is thus ro- ported: Our Savinga-Bank Iaw systom was original modeled un yours, but was repealed, and cyuadlny\ few years ay® Weo bave an adnitrablo post-othce gu-bank systom, which Is beine yencrally ex- . _Several of the chartereid banks bava rave fuga-baok departinents, and toero are thres otber savings bankw, one at Moutreal. one st Qucbec, and oneat ‘Toronto, which wers, at the fme of the oid act, speclully chartored. 1t waa deemeld expedient by our Qovernment and Logistatars that Institutions” recelving depoalls from the pouree clusags of socluty should wive the same sccurlty a% those recarving tne deposits of the wealthier clawser, and when thu old Suvinea- Bank act expired, about six yunrs ayo, and It was not renewed, tne fow existing fustitutionn wure given the op. tion either to atualgaunto with a charterea bunk or o orgautze with a lurge sutwcrived capital, 25 per ceat of which should be paid up, or to wind up, 01 tha five nstitutions then cxiviing two wound ab. paying thelr depositurs 1n full; two organized with & prospority,—ong with 1 capital of 32,000,000, the other with 81,000,000; wud one abtaied & apecial lum‘mur{ act 1o continue on 1tx uld foot. fny, ‘Toe Canadienmunicipulitios have a consider- able Indebtedncss, chielly owing to the numerous bonuses given to rallways. They are requircd fo submit s}l by-laws . for crealing these ooligations for the appruval of lhe taxpayurs by spocial vote, and there nro striozent provivions in the Munlcips) sct for enforcing puyment of wuch otligations by mesns of rates lemable by the Shoriffs, ——————— A speclal dispatch from this city to the Cin- cinpat! Commerclal, speaking of the busincss outlook, says: Activily bas charactorized the past weok in hual- ness circles, The conniry demande fur money and goods have beon very Iarge, snd even (he mutatl traders have ceased to complain. Collectio cre d and city dtroclu tewtitul, Cheupreal estato mnnm- woouly macket, Money Is boing invest- ed in lsnd much more frecly than Lus beeu the “in tha Revus Hiatorique, throws some tom. (rcat quantities of currency have gone West and South froin here, and the prasent ludications are that more will specdtly be called forto muve cropd, —FE RSONAL., %A mnovel,” says the Athenaum, *“is a record of how a certain ‘atzeam of trae love ! tried to *runsmoath,’ and conld aot.” The Itev. Laird Collier,’of Boaton, who has been spending & ten-weoks' vacstion in Ea. r0pe, was expected to accupy his pulpitlast Bua- day. The lifa of cz-Scustor Dayard, of Dela. ware, who retired March 4, 1849, in favor of hle now brilliant and distiuguished son, is fast draw- wgtoaclose. B The first of s series of meetings under D, L. Moody, the evangellst, was held Bunday even. fng st Amberet Cullego Hall, which was packed to 11s utmost capacity. Bteel, the famous Scottish sculptor, is now engayed on a statue of Robert Burue. The cost will bo $20,000, and it will be defrayed mostly by Beotttsh citizens of New York. Biguor Tamberlik and Mme, Albani ara to have the twoprincipal roles 1n the *‘Nerone" of Jules Bazbies snd Rubinstein, which is to be pro- duced next sesson at the Italions In Paris, Vice-Admiral Conatantine Oanaris, Premier of Groccs, died at Athens yesterday of spoplexy, 8t the aga of 80. Au intereating eketch of his life and services sppeared in "Puz Tmisuxx oot long g 3 Bome of the books Punch would like {0 wee are ** Macaulsy as & Poet," by the Rev. Hobert Montgol 3 “Johnson's Lifs of Bosweil," '*Ossisn’'s Macpherson,” and ‘‘Mrs, Popye' Dlary.” Senaational preaching at Windsor has taken amewturn. In the course of s sermon lately preached there, the following remark was made: 4+ \What must be tha feslings of mothers when sec- tog their daughters dancing with men without pedi- gree ur aciva.” Aud agals, oo s3oller occaslon, de wete told that. **Aa they m,‘ nrds on earth, 8o tl X Life tinarinof hoarenor 1 1T "OuH be tho Dr, Iolland's ** Nicholna Mintuen " starty off with an_editton of about 15,000, and Inete, 020,000 1t reema likely o et well nlan » fon s+ 30,000 before the turn of the year, Exen tho o cial Science Congress has now taken up tho ay; jectof tramon, and the rendern of D, Hoiani ouk sAY that he lins solved the 1t admits of solution. PrAlens m ¢ Myra Clark Galnes makes the fallawin proposition: ¢ Now, to mve the cits, and o all I can to rellese the parties agninst whom 1 lul . ohtained judgments, I propose 1o the city 1hay a‘:l pay me the amount of $2,400, 000, the Amoring A«’ be paid within ten years, in yearly hlslsllmtnho without Interest, Thocity, Tam Aware, nng g l' moment anable to pay: but It ean be met by ap |I 4 ing to the Legistatare to allow them (tha Corpa]; tolevy a spectal tax sullicient to meed the ywl' amounta to be pald. " 4 A mannacript fonnd recently in Ia Ro. cheile contains some Interesting particulary on iy Mald of Orleans, who, far from deing a fajs Wn:l. an, a3 somo artlets have depleted, was verydnk' her hair wan cut like a pogs, and etrajoht ltru!: the foreheads and she wors s manly deess, ,.,,,,: point nowr, chausses atlachees, robe courle de qroy aris noir et un chapeau nolr: nota very Bitactivg costume. This documont, which has been Pabilisheq Count Sulfolk and tha elege of Jargeau, .,".53?. :: onthe trial of La Pucells. The London World refors with illcop. cealed diedain to **a cortain Jesse Girane," and sayn that when visiting at Winasor hio **obyectey 1o the Jowly place sasigned him at table, ang, Tige {0 In hia neat, b loudly exclalmed, *if [ (o' take my seat at that other table, I qait." Eventan. ally one of the Queen's guests gave place fo the irata youth. After dinner her Majesty way cone versing with Gen. Gfant, somowhat apart, when upcame tho irrapreeatble Grant minor, ang by addressed it nstounded sire: *Ieny, fatber, Jast introduce mo to tho Quoen right away, ™ Majesty took the matter, as It only could weij be taken, as o joke; but shomust have hal sams dificulty In keeping her countbnance when added, *Iguess, Queen, I'm about the firet (e ever was introducod to you this fashion. ' " Bonator Spencer, anys tha Vational Reps, lican, 1a Jurt recommencing 1ife In the most ez, vosed and distant part of the country. 1lo has thy advantage, however, of leaving tho Senato afje twelvo years' service in it, at the age when mon men are maneuvering to getin. He was only g9 years of age whon ha took his seat, and he is the only so-called carpet-bagger who has twice beea elected roma Southern State, and the only Sontae arn Unlonlst twice elected, it we oxcopt Henry g, Davls, of West Virginia, It 1s believed aleo {hy Mr. 8pencer {a the only Roman Cathollc by edues. tion among the carpot-baggers, and, exceptiag Senators ogy and Kernan, the only Catholic iy the Scnato. He was born at Watertown, X, Y, which partly accounts for the warm interest Log coe Conkling has taken In him, Much confnsion relgns in Donmark, owing to tho long-pending constitational confiict, Gor. orument having been unable to obtaln a badget from the House of Hepresentatives, a provislonl* ordinance decroed, ncverthelcss, the levying of taxes. The leaders of the Opposltion refrain from advining the non-payment of public truposts; bat Individual cases of anch refusal have led to theem. ployment of forciblo meane, A clorgyman of the name ol’umm thercupon accused the King, In bls sermon, “of having violated his oath, declaring him to have lost s right to the throne, By n so-called Provost's Conrt, composed of a clorgymanaud o magistrato, Mr. llolm was condemned, for this of. :nye, 1o deposition from his ofice and an clght months' imprisonment In a common house of cor. rection. A prosecution lias been instituted aguins an oditor, who fa charged with having incited the people toacta of violent tesistance, Thoughho afe fered to proance fourteen witnesaea to thu contrary, ail the Iawyers whom he wishied to engage as coun- scl in his defonao rofuscd glving him Jeunl assiste ance, because thoy differ from bim in politics! Ite, therafore, requested the Ministor of Justico topros vide him with an ofticlal defeuder, Col. Robert G. Ingorsoll, the well-known Infidel lecturce, recently challenged the roligiou 'wotld to provo that efther Thomas Paine or Voe taire recanted his convictiona on' his death-ted, « died exhititing remorse on account of his teacts fogs, The New York Gbaerrer accepted the cha- lengo, and offored to prova it In regard to one s both. - Col. Ingersoll havinyg returncd to eory, 1il,, and hesed of the acceptance. says he will - medlately deposit $1,000 fo gold In bank, suldes tothoorgorof Dr. Prime whon Indorsed byths trlbunal, which shall conslst of threa nien, —oie to ho ciosen by Ingorsoll, one by Vrime, und niied by the agrectuent of the two, Col. Inzersoll suds: ** Prom tho date of accopting thls offer yox may ‘have the ninety days to collect ant prescat your testimony, glving monotice of time and pinte of taking dopoaltions. I shall have a Hie time to take evidence nponmy side, giving yoy like nutice, and you ehall then have thirty days to tato further testimony In roply ta what I may offer, The cany shall then bo argued bofora tho persuss chosen; ond thelr declaion shall bo final aa to us, I ains and Voitaire died diled withchildish and ellly fear, 1 want to know it, and I want the word to know it. On the other hand, if tho Lellevers inaupete stition bava made and circuluted these crucl elane ders concarning the mighty dead, 1 want the world to know that,” & THE CHINESE WAR. A Call to the Govergor to Protect the Chls nese from futimidution and Incendlurisme The Exodus from Flacer Connty, San Fraxcisco, Sept. 18.—The followlng dis patch was telegrapbed to-day, after consultatha with o number of leading citizeny: To lis En‘tllalrh‘ tioe. Irain, Sacpamento; 1 excecdingly reurct sho neceasity of cafling your at- tention to the lawlesaness and uiob vivlence o anl for neveral days pait (akivg piaco I te tnunediaty vltluhy of tho State Capltal, i the adjotnins Cos sy of Placer. 1 fuil to noticy tiat the uutiorl of that county have as yet mado snyummrun »! prows tho arnied bodles of wen eouged (0 dnvie: out and burning the property of Chinese seslentt 1desire to romind your Excellency tist, ina lelicr nddrersed to the Commitico ol dafety, you took occasion o intimato to that budy that il prowis action taken by them prevented Tuwleys acle froa becombme wide-gpread. 1 -nnl:ly call your atten- lon now to the lawicssnces taking place in Plicer County, that yuu mn{‘ by your promptuess as Chiel “Kxecutfve of this "Stute, provent thest outrages from bocoming whic-spreud. have no desire to pomt your -plain duty, You have abundant precedeut by recent occurrences wherchy the State -and Natloyal au- thoritles have put down miub vicience. Justice and humnanity demond at your bands tha protec tion bepiccorded under onr Governuicut to highsoe law. ven the Chinnman, wno hws cowo Rerd under salemn treaty obligutions, hav s sizht todes mand Lhat his 1ife and property shail be protecte thosame aa 1hdt of;the most favored citizens ul tho nation. Nespectfully, oA Bas Last night tho cutlro Chinese quarters of Grass Valley, except ono house, were burnt. Over forty bulldings were destroyed. The fire 18 supposed to have been Incenulary, An st- tempt was made to accomplish tho same pur posc a few days ago. This morning a bady of armed men left Roscyilie, Placer County, ant proceeded up the Auburn road, warbiug Chinamen, numbering sowe sixty In the scven camps visited, to leave before uidnight, un-l;r penalty of aeath. Some left at once. Tweli st Burdock's camp refused to leave, thun:{uiil threatened. The proceedings were m"dmfn 1 uictly, aud no violence was offercd. i ?Ie"d that by Wednesuay not o Chlngman Wi remfi n in ’{nwulhlp FN;J. 1. 'The refugecs sré mos theriug st Folsom. ; Bul’ fimcm‘;‘o. Hept. 18.—From _statiatics contalued in the annual report of the Quaguml_u: Otficer at this port, it appears tbat the Chue comiog to our shores durlug a perfod of ond Lur ‘was ooly 1,460 in excess vl thoso retl ome. —————— E CROPS. OuAns, Neb., Sept, 18.—The Herald will to* morrow moralow publisn detailed reports fred all countles in Nebrasks and Western Iowh showing the condition of the corncrop. it generally conceded thas the yicld will be larger than any previous yesr, averaging from fifty 83 seveaty-five bushels per acre, Ou account v‘ the rainy spring i¢ will be unusually late. :il a few poluta dsugor s apprehcoded {rom €85 froét, tho corn not belng sufficlently matul Wheat sversges twenty-two bushels. Tha quak ity s hfit:?&m last ,)'nr. Harley rnuz'-"!:f nty-Gve. €l e Ol Sonin wmurlet. the farmers being disposed 0 bold for better prices. Special mpm Ao The Tribuns. o ‘Woopstock, Mcilenry Co., INL., Bept llartfl Old hoge pot very plenty; shoats, quite supply. tents “ough prevails smong shoats to some exte! Bowe are fecding. Hypoaulphits of sods solyed in the slups with {wd reqults. Qround very dry, and 1o plow. Cattle and shecp dolug well