Chicago Daily Tribune Newspaper, September 28, 1877, Page 4

a THE CHICAGO TRIBUNE: FRIDAY. SEPTEMBER 28, 1877. Tlhye Tribwne, TERMS OF SURSCRIPTION. NY MAIL—IN ADVANCE—POSTAGE PREPAID, one ye. r ly, Partnof a vear, per monih. WREK| o prevent delay and mistakes be purs and mive Post- Oftce nadress io full Includiog State sod County. Remlitiances may be mado efther by draft, express, Toat-Office order, o fa regiatared letters, at our risk. TRRMS TO CITY SURSCRIRERS. Datly, delivered, Sunday excepted, 23 cents per week ‘Latly, delivercd, Sunday Included, 30 cents ner weok, Adires THE TRIBUNK COMPANT, Corner Madison and Dearborn-sta., Chicamu, T Orders for the dellrery of Tix TaisuNE at Evanston, ¥ngleweo, and llyde Park left fa the Ouunting-room il recelve brompt atkentior o a— AMUSLEMENTS, MeFlckers Thentre, Madiron strect, beiween Ftate and Dearborn. Fn- fogement of PAwin fkoth. **Hamiet® Mesdaines Don, Hastiags, Maye, ctc. ¢ Mesars. Booth, Wheelock, Vierce, ete. 1ooles'n Thentre. Randolph rtrect. between Clark and LeSalle. En- gacciment of Georgs 8. Knfght, *'0tto." Meadsmes Worrells, Thompson, etc. ; Mesars, Roight, Thompeon. White. cte. Adelphi Thensre. Mooroe strect, corner of Learborn, Pngagement 3¢ Mr. and Mre, Frank 1. Frayoo, **Bl Blocum." Wood’s Museam. Monroe siseet, between Stats sod Dearborn, Fo- gacementof Herpaudes Foater, **Jack Harkaway,* Taricty Ollo, New Chicago Thentre. Clark street, opposlie Sherman House. FHaverly's Mlustrels. Mesm. Howard, Rymen, Thatcher, ley- woud, ete. Expoaltion Balldlng, Michigan avenue, foot of Adams stréet, Day and evenlng. BOCIETY 2 ASHINGTON CHAT No. 43 T A, M.— Epectal convocation this (Friday) evening, st 7:30 SNIock, fur work on e Knya ATCh Degree, © Visting Cotpanions corélally nmw\k J"'o ‘l’fllfiolw by CHARLES 1% WRIGHT, 8eZ."" b WAUHANSIA LODGE, No. 160, A, F. ond A. M.— Regular Communication this (Friday) evening, at Ma. sonic Uall, 70 Munroa-st Work on M. M. Degre Tirethren et a7 . m, sharn, for striedidn, 3. C. MOWELI M A. F. & A, M.~Regular Ir‘t'lrn(nk At 144 Tweaty gree. Visiting brethren fer of tlie Master, 1. Z, MERKICK, Sec'y, FRIDAY, BEPTEMBER 28, 1877, CHICAGO MARKET SUMMARY. The Chicazo produco ‘markets were moderately . active yenterday, provislons, whoat, and freights ULeing stronger. Mess pork closed 20%40¢ per brl Efuher, ot 3135 85213, 874 for Octobor and $14.15 213.17% for January. Lard closcd firm. at 8,00 for October and 88, 45 scller the year, Mcats wore ntronp, 8t GXc for loose shoulders and 7Xc for do short ribs. Lake freighta were rmer, at 43¢ for corn to Buffulo. Highwinca wero steady, at $1.08 per gallon. Flonr was dull and firm, Whoat closed §;@1%c higher, at §1.16% for September and §1.00N for October. Corn closed a shado canjer, at 41%¢ cash or seller October. Oats cloaed eanicr, ot 23%c cash aund 23c for Octobor. Kye waedull, at53%c. Darley closod steady, atGlie cash and 82QQU2Y for October. Hogs were actlve, atscdecling In heavy weights, Cottle doll and weak. Enles were at $2.00@5.50. Shoep market was qulet, at 82. .60 for poor to choleo grades. Thero waa inspected Into storo in this city yesterday 441 cars wheat, 422 cars and 24,200 bu corn, 113 cars oats, 24 cars rye, and D cars bar- ley, Total (080 cars), 413,000 bo. Ono hun- dred dollars in gold would buy 810325 in grecn- backs at theclose, ' Groeubacks at tho New York Btock Ex- chango yesterday closod at D73, ‘The detoctives havo dono good servico m their ¢ndeavors to approhend the robbors who rifled tho Union Pacifie oxpross car last week, 'Fwo of the number were tracked to ‘Wentern Kansns, nod overtakon near Wallaco in that State, whon the fugitives turned at bay and were Eilled by the officers, 'The bandits had about §20,000 with them, which was gecured, Advices indicato that tho rest of the party are hard-pressed, with n pros pect that all will bo bagged shortly, ‘The trial of tho indicted members of the County Ring is now in progross in the Crim- innl Court, The defonse were not success. ful in gotting the information thoy vought in the form of a ““bill of particalars” which should exposa tho plans of tho prosecution aud afford un opportupity for the “ working up” of evidence, With an honest jury, such ay the Btate's Attorney and his able nssociate aro evidently doterminod to socuro, there is n fair prospoct thot the Ringaters will s00n go to moot Myens, ‘Tho Tepublican Stato Convention In Min. nesotn wid beldat St Paul yestorday, and, notwithstauding the netive opposition of ox- oftlcaliolders and machine politicians under the lead of Wrvos, unrescrvedly approved the policy of tho National Administration, both in its Civil-Servico nnd Southern ro- formy. An carly resumption of apecio pay- muents and the remonetization of silver were demunded, and aid promised to pest-riddon sgriculturists. The prosent State officers, « with Gov. Piutsnuny ab tho hend, wera re~ nowmiuvated, mostly by acelamation, The sort of victory which tho ‘Turks achieved vver tho army of the Ozarowitch at Bicla becomes appareat in the intelligenco that Mrurser Aur has for tho presont givey up the attept toeffeet o junction with Osstax Pusha, and Les concluded that tho wisest course for him in to fall back {o the Kam Lom and fortify a new position. IHis prox. ity to the Russiany was gotting to bo un. sowfortably warm, and the order for o re- treat wos given ou the 24th. The Czaro- witch, Ly enus of reinforcement and con. sontration, hud become anundusirablo pkighe bor, and Mengsmer preferred to be betler wrangers with him, Iu Jacksonville, 1L, there has been in operation o private asylun for the insane, owncd by u carporation aud under the diroo- tion of Dr. Aspuew MOFARLAND, hired Ly tho Compnny. A fuw days ago the Company coneluded to quit tho business, and its prop. crty wid sold. Now the problom is to get poust of tho mad-houss, The grim Due- tor, warsholling o pholanx of BoNaraurss, WeLLNurosy, Crouweers, Oxsans, and AL~ EXANDELS, luts his portcullis fall and bars bis donjou-Lecp, with fine fronzy defying tho pitiablo power of tho Bheriff to undo bim. This stute of things, as may be im. agined, bas thrown tho good peopls of Jack- touvillo who still retain theirwits into a high Mato of excitement. e ——— A bully is despicsblo onough, but s bully vho v also & coward roceives tho contempt »f tho most insiguificant membcers of society s soou us i cowardico w mado manifest, Mr, Covxring placod bimself in somo such positiou in running tho Now York Couven- tion. Mo acted tho part of a bully through- .out, and, whon the time came, showed bim- slf & coward a3 well Ho nsiailed Mr, Geonex Wirnax Custw in tho vikst man- ner, and at the clore of his speech himself " eatled tho provions question, ross to shut off Mr, Conrrs and bis friends from a reply. It wna the nct of a poltroon, and, whils it mny have served Mr. Coxxrina’s purposo for tho timo being, it cannot fail to lower him in the estimation of the poople of Now York, hefore whom Mr. Curris always stands upright as 8 gontleman, and it will cortainly wenkon his powers in tho fature. Mr. ConxriNg, 88 a ‘bally, will no longer terrify the small people, pow that they havo discovered he is hikowiso & oowarnd. The Maryland Democrats have sot & pat- tern of moderation and good sense in the matter of platform.-making which their fol- low-Democrats who havo not alrendy slopped over will do well to imitate, Thore is no - foolishnesa about a Presidont insugurated by fraud, tho majority of electors choated of their duly-exprossed choice, oto.; on the con- trary, the Maryland Democrnts find canse for congratulntion and approval in tho course pursued by President Hayes, even though his titlo to offico comes from the decision of A tribunal not recognizod by the Constitn. tion. They also condomn nnoquivocally the gront of loans, subsidies, or the pledgoe of the public credit to private corporatious, and insist that Democratain Congross shall faith- fully carry out the Democratic policy of op- position to subsidios of ell kinds, Gront confidonce s folt at Republican hendquarters in Columbua that the Ohio De- wmocracy will meot with certain and frretriev. nble defeat this fall, Itis thought that tho Registry lnw, againat which tho unterrified howl so lugubriously, will boa mighty en. gino in the hands of houest voters, by keep- ing at bay tho hordes of nnwashed aliens ‘who annnally come over and help their broth- er Domocrats in the Ohio Rivor counties. Beaida this wholesome offect of tho Rtegistry law, there is o widespread inclination on the part of the Democracy to bito off ita noso to spito ita faco. Thisisaccomplished in Individ. ual cases by proparing the Domoorat in o so- lation of lightning and blua vitriel, in which condition he ndvances npon tho registering- place, nska what he must do to boa legal voter, and, when informed, becomes a Vesu- vius of profanity and impreeation, creating consternation on overy hand, especially with his broath. Having sworn with oatls full of sound ond fury that ho will nover registor, ho rotires upon the wot magnzino which fur. nished Lim forth, and apother membor of his party duplicates tho cpisode, This bovine opposition to inevitablo fact, it is thought, will cost Mr. Bisutor 20,000 votes, Ex-Congressman PArwg, of Clovoland, in 8 spocch dolivered at a Democratic moeting in Bandusky- laat ovening, had something of interost to say about the Electoral Commis- sion, of which he was » mamber. o stated that tho law creating that tribunal could nover have rccoived the Democratio votes nocessary to securo its pasrage had not tho Domocrats confidontly connted upon the so- loction of Judge Davis ns the fifteonth mem. ber, and tho ono who should cast tho deciding voto. It socmed to have beon taken for granted that Judge Davis would decido in favor of Tipex,~a supposition not war. ranted by auy known declaration of viows on the part of Judge Davis subsequent to the decision of the Commission, It ehould be borno iu mind that the Repnblicans hlao oxpected him to bo chosen as the deciding mombor of tha tribunas, and stood roady to nquioaco in the result, whatover it might be, It was nono of thoir doing that tha Demo- crts and Independonts of Illinols made him Senator and thus rendered it impossible for himto serve on tho Commission. Tho Republicans supported the Eloctoral bill in good faith, andnot, o4 Mr. Payxr concoden tho Democrats did, bocauso thoy thought thoy had n saro thing. SENATOR CONELING'S WAR, Mr, Roscoe Cowkrno, of Now York, mar- shalod Lis forces at tho Now York Republican Stato Convontion on Wednesday, and per- vonally led the grandannyof the machine, e sclocted tho officers of the Convention and tho Committeo on Resolutions, and mado Limself a memborof tho Committee, In fact, to all intents and purposes, it wasa Cownguing Convention. It wns Conxring’a declaration of candidacy for tho I'residency on two distinct grounds of opposition to President;Haxes' Administration s 1. In fa- vor of tho bloody shirt, 2. Upholding that 4¢'Fo tho victors belong tho spoils.” Tho Presidont, in saccopting the. nomina-. tion for tho Prosidonoy, distinctly avowed Lis purpose if cleoted to bronk up the vicious systom by which Bonntors snd Roprosenta- tives in Congress bad usurped tho functions of tho Exccutive, andheld tho Civil Bervico, with tho power to appoint andremove, as specinl appendnge to thelr legislative offico, With that distmct avowal of his purposo, he won to his support a sufficiont number of previously nllenated Republicans to elect him, Whon President, bo did not forget the avownls of his lotter of nccoptance; ho re- peated them in Lis inaugursl oddress, pnd has sduco then, so far as ho had tho nuthori. ty and tho opportunity offered, been carry- ing his promisos Into execution. Btripped of all its protonses and disguisos, the opposition 1o the President within tho Ropublican party has all proceedod from thoso who oro op- posed to auy chango in manner of appolut- monts and - rowovals to the Civil Hervico by mombers of Congress, 'Ihe talk obout *the Bouthorn policy hos all been o cover for opposing the Preal- dout in bis reform of tho Qivil Borvice. "Thot was the real causo of Mr, Bramwz's op- position, though ko had not the manliness, or oourage, or justice to avow {t. Alr, Cong. LiNo deals mora frankly, Mo is a machine politician, a4 is Bratxe aud Oastenon, and Liss tho bruvery to avow it openly and to take up arms in its defonse. No part of the country has furnished moro striking illustrations of tho disgraceful character of the Civil Sorvica than has tho Stato of Now York, Mr, Conk- 1o hes ruled supremo over the Fedural patronago of that Htate since 1869, What~ ever the Civil Bervico 15 or haabeon in that Stato, he hns mado it. Porsonal idelity and dovotion to the intoresta of Nosoox Coxxrixa has boon tho ossontial qual- ification for appointment or ' roten- tion to Foderal ofice in that State. Uunder Gen. ‘Gpant, CoNxiLiNg exercisod tho powers of a vicoroy, With the ald of tho machinery of this trained band of active politiclans bo bay beon able to, gohtrol tho party in his State. 1o Lias boen able to ro- ward his friends, and to dofeat and ponish Lis encmics aud all who durod to be his rivals. Tho action of Presidont Haves re- quired Conxriig to submit to a loss of this power, or o contest to rotain it. He chose the latter, and he Las declared war within the party against tho exercisoof any au. thority by the Presidont ngalnst the estab- lished practica of Soustors and Congroas. men governing Federal sppointmunts aud removals i their respoctive Statos, ‘Lho Btate Conveution wos the oocaslon taken hy Mr, Cowruwa for the assertion of his demanda. Tho Repnblican party wag of no concern to Mr. Cowxtiya if ho was to ba deposed. To him the Republican porty waa an inatrnment,—amera agent to magnify, exalt, and do the will of Roscor CoNgriNa, Therofore, nnwilling to trst any suhondi- nate, ho wentinto the Convention perzonally ; becama a member of the Commities on Reso- lutions and reportod—not the Republican bt the Coxxrina platform, in which was 8ot forth a specions argament to show tho fallicy of the Presidont's Civil-Service re- form, and the oxcallenoy of the CovkLinag or the machina system of politica. The Con- vention, largoly selected hy the party cattcnses, held undor the contrql of the offico- holdors who wera his personal dependents, sustained him throughout. Tho resolutions indulged in tho usual- doubts and hesitancy abont the Southorn policy, and pionsly “ cherished tho hopo * that no evil will pro- cocd from what tho President has douo. Coming to the Civil-Scrvice ordery, the reso- lutions reeito : In the State of New York the whole nnmber of national oMcenolders, Including clerke and subonl- inates of every degree, 187,405, This is one na- tioual ofictal or enbordinats to 162 voters. Of State, county, and town officiala there are fn thin State 133,61, This fs one Siato, connty, of town official to every eight and a lialf voters. The exclunien of public servants from political actlon would diefranchiec a great body of our fellow- citizens, Tho laws mean no such exclnsion, and wo deny a8 an imputation upon the peoplo of New York Aat they are or hare been dominated by the nation's subordinate offclals, and wo can con« celve of no condition of affalea short of the extine- tion of manhood and patriotism In which a Post- master or elork could subdue to his partisan will 150 other elcctors, or exert any other inducnce be- yond such as Lila eharactor might give him. Tho answer to this argument, that tho control of tho party has novor beon domi- nated by tho officcholdors, is tho fact that it has boon done, openly and notoriously, avowedly and confessodly, and for many years, Political parties in Now York lavo been virtually rled by two organizations or cligues. ' Tammany Iall, which numorically is asmall body, hns raled the Domocratio party of that Btato absolutely. The Ropub- lican party hos boen raled na potentinily by another faction, amall in the number of its activo sgonts, but powerful in sts menns, and 6t tho hend of this ring or faction is and has beoy Mr, Conxrixa, who has been ablo to strongthen his personal control by pen- sioning his followers upon tho nation nnd upon the public gonerally. Intho resolutions tho President and his policy aro reforred to na it by one Willing to wound, and yet afrald to strike, ~ Just hint a fault, sad besitato dlaltko. But subsequontly, when fired by the speoch of Mr. Cuntm, Conxring throw asido all policy, and mado n barangue such s might havo been expocted of ono of tho lowest of his followers. Ho dononuced jn not the choicest language overy man who did not agreo with him, treating all who had other opinions as porsonsl onemies trying to dofeat him. Ho madan timo, the porty and tho e overy man who did not u.lmln;r iniins o traitor and & public enemy. . i ;finmg;m was his remarks, that at times tho* roundly hissed by tho respectablo minority of tho Convontion, : Ouo of tho incidonta of the Convention was a long and falsomo oulogy of President Guant, nud by contrast arobuko to President Haxzs, when on that very morning was pub- lished in the Now York papers Gnant's own hearty and cordial approval of the Presidont’s Bouthern policy, and his doclaration that if at homo ho would givo that policy bis enrncat support. . Unconsciously tho Convention cheored one of tho strongest supportens of the President's polioy. Tho war {# declared, within the party, by Mr., ConkuiNo ogainst tho reform of the Civil Servica directly, and of conrso ngainst the Administration generally, Sonator CoNrvrxa hias dopended on his control of the political mackino to clovats him, and to keop him in authority. Doprived of support from that quarter, ho must give way o men who depoud on their merits nnd abilities. Covkrva thereforo suakes tho sane diroct,— he throatens the Ropublican party that, if it fails to support him, if it shall sustain the President, thon ho ehall lot the Republican porty go to smash, Excopt asn menns for his own cxaltation, ho Lias no uso for tho Re- publican patty; and, if ho cannat defent the Prosidont, ho can divide and dofent the Re- publican party, Benntor Congrive overesti. mates his powers. Tho Ropublican party must bo wenk, indeod, if it cannot survive his defection, or tho defoction of auy other man, Whon the party reaches that dogreo of weonkuoss that it cannot outlive Mr. CosxriNa's opposition or that of the Caxznons or Bramvg, then tho party had best disband. Indoed, thero aro those who think that thoe party wonld havo been stronger in tho past, and would bo stronger in tho future, if it woro not in somo way respousiblo for, und obliged to carry tho popular odium attaching to, several machine politicians and gelf-constituted loaders, among whow AMr, Cowmxrive and tho othors aro genornlly namoed. Tomporarily, this prostitution of the Rapublican organi- zation in New York into a fight ogainst the Pregident for the maintenance of the spoils systom may weaken, perbaps dofeat, tho party, but out of such a contest, sustalned by tho general judgment and approval of tho oountry, the Prosident and the Republican party will come vindieated and strengthened by tho fruits of o reformed Civil Service,—a servico purified of crime, made cfficient and compatent, and its cost reduced by the abo- lition of uscless offices and mere places for machine pensioners. If thoro are othors anxlous for the crown of martyrdom, let thom unita with Mr, Conxrova and Lo cor. tain of attaining the glory thoy sock. Bacauso Tue T'sInuse advocates a popular. loan bond, tho venerablo Stozky rushes infp vrint to proclaim that Tux Tumung has sbandonad tho postal savings-bauk systom ! Tux Tomwone has beon urging upon Con. gress for years the oxpedicnvy of fssulng o low.intareat, long-timo bond; it has advo. cated a 4 per cont fifty-year boud offered to the peoplo in any denomination from B50 wpwords, Thoe ouly wodification of this idea on tho purt of ''ux Tuisune has been to raceivo currency from the subscribors for the boud instesd of exacting gold. Our. rency Ls now 0 near the value of gold that the Governwont can safoly accopt it for low- interest bonds, Wo also advocsto a 8.65 per cont bond rather thau a 4 per cont, for two rensons: that tho intercst is far epsior to rockon for bonds of any iz and for fractional parts of a year ot 3,65 than ot 4 per cont, and bocause it ‘would be lawful mouoy paid both in princi- pal and iuterest. But this Las nothing to do with a national savings-bank systom. The necessity for that will still remain, Milliong of people will continue to neod & safe placy in which to doposit even 8,05 bonds. Every. time 8 working man or auybody has earned & dollar or ten dollars which ho hss to sparo, bo dagires to doposit that money somowkere for rafo keeping. Hadoesn’t want to carry it around in his pocket and tako tho chanco of losing it, having it stolen, or himself templed to spend it upon sotno foolishness. Tho En- glish postal saving banks furnish n safe placo and o small interest, and nearly 10,000,000 of peoplo have availed thomselves of the offer. Tho proposition fs, that tho Government shall pay 38.65 por cont interest to depositors, ILet them Liavo tha right to doposit 8.65 per cont bonds in tho national doposilories for rafe keeping and roturn when wantod, and let the Gov- ernmont be the custodian of tho bonds ns woll na of the money. Why not? Wo havo named post-offices a8 dopositories Lecanso twenty yenrs' exportence in Great Britain and Ircland has proven that plan to work woll. If anything botter than monoy-order post officcs can be suggested, adopt it. From the Britisli Postmastor-Gonoral's report just iswned, it appenrs that dnring 1878 thore woro 1838 new offices opened for savings-bank businesy, tho total nnmber of such offices at the close of the year boing 5,448, The num- ber of acconnts opened nt tho end of 1870 was 1,702,074; tho sum ot the eredit of depositors was $134,082,750, being an in- crense of 29,016,025 on the total of the provions year; tho numkerof deposits made In 1876 wns 4,166,136, and tho number of withidrawals 1,195,603, the average amount doposited being §14.18 ench time, nud the average amonnt withdrawn $32.68 onch time, Thoe sum deposited during 1870 amonnted to £14,911,750, and tho sum with- drawn to 38,002,385, Theinlerest credited to depositors ou nccounts for the yoar wng 23,006,655, baing B238,735 in excess of the sum credited for 1875, Such succossfnl ox- perienca as this with thepostal savings bank, whore the rato of interost Is only 2} per cent, ought to count for somothing in casting light on the possibility and foasibility of ndopting a similar system in this country. RS BYDNEY MYERS. Thero i3 only one thing certain about the Merchants', Farmors' & Mochanics' Bank, and this is that some £640,000 are due de- positors, Everythingelsoscemsto boinvolved inhopeless confusion. Tho Morchants', Farm. ors' & Mochanics’ Bank wns SyoNer Myrns, Thus Sxpyey Mysns owes the doladed do- posilors the sum of (40,000 and moro, Theso funds, being savings deposits, wore in tho nature of o trask. It has boon roveral dnys sinco Sypyzy Mrens consed doing buai- ness, aad bis affairs aro in tho hands of the Court. During all that time Lo hss failed to giva any satisfactory acconnt of what dispo- sition lio mado of theso funds. The Recoiver haos not boen ablo to find n clow to them. "T'ha ouly tangible nsset that has Leon re. ported is tho £62 which Mr. Myers loft be- lind him., 1t was time to take stops to com- pol Mr. Mregs to roveal what had bocome of tho money, and tho proper way to do this was to indict him for baving embezzled tho funds for which ko fails to account. This having been dono, it is useloss for Mr, MrEzs to assume an air of injured innocence, ond, by claiming that ho hng no money with which to employ counscl, and no friends to go his bail, to court the blessod graco of a wartyr, It willba time enough for him to court martyrdom whon ho shallhave explain. ed what ho has dono with the monoy intrust- od to him for eafe-kooping, and it is very ovidont that this could only bo extorted from him by process of indictmont and criminal prosocution. 1P this onormous sum of tnon- oy has all been absorbed in bad invest- monts, honestly mado by Mr. AMryens as trus- tee, hio will havo an opportunity of showing it, and may thus clear himself of the erim- iunl chargo ; but it it his mysterionsly disap- poared, loaving only tho inferouce that Mr, Mrens hos used it up for Lis own purposos, ho has betrayed o trust which should be puu- jubed. Al this I on tho theory that Myzus isnssno man, and responsiblo for his no- tions, " Even Brznoer hed tho grace to loave notes behind him, smounting to §520,000 or thereabouts, which onabled the Receivor to balanco the ncconnts at loast; but Mryers not only acknowledges 110 personal indobted- ncss of his own to tho bank, but claims that tha bank is indobted to him in the sum of $8123,000, This ho bunglingly oxplaina by saying it roprosents monoy which ho raised during tho run and pald out to dapositors. But that was what ho professed all along to Lo nble to do, Ho was oxpected to pay out to dopositors what thoy had intrusted to Nim. Thia fact, bowover, did not scem to onter into his thoory of the banking busl. noss, There belug o domand for money, he soems to have taken what socuritics ho hed that wero avallablo, ralsod what money ho could on them, and then credited himsolf with the funds so realized, Thoro was an. other item of #90,000 which lo has been carrying on his books as reserve cash, and it proves to bo morely o disputed claim for §90,000 in a broken Now York bank, which only admits an indebted- neas of $30,000, nud probably can't pay that, 1 tho busted New York bank can pay even 230,000, wo presumo Mr, Myrna thinks it ought to bo paid over to him personally on acconnt of tho $123,000 duo him-as * finan. cial ngont.” ‘Then thoro is an jtem of $100,- 000 capital stock which parports to have been so much money put into tho concern over and above what tho dopositors put into it. Was it ovor paid in, or any part of it, and, if 8o, what becamo of it? Auothermys. torious itom iy some $43,000 of so-callod * {nveatment certificates.” Tho gentlemon who hold theso claim that tho so- curitles on which thoy aro based, and which aro in tho hands of Me, Cusxprrn ns trustoo, do not bolong to the bank, but must be divided smong them to tho exclusfon of tho depositors, ‘Then this sooms to have boen a separato and independ- ont banking business, DBut,on the other hand, thero is reason to suspoct that these socurities ju wholo or in part rapresont ad. vancos male out of tho doposits; If so, what did Mrzns do with the money which ho roceived for tho *invastmont cortifi- cates™ which ho izsued? Theso are some of tho mysterious itoms whichuood eclucidation, As to other notes and mortgages (if thero aro any which Alrezs did not use for sbin- ning purposes or for protecting preferred creditors), we know nothingof them, as the Reoeiver has reported nothing. In the pres. ent condition of thing, it looks as though thero is nothing lefs to which the depositors can assert an undisputed titls, though it is cortain that they have put into Mrxns’ hands 641,856 noro than they have ever taken out. ‘Thero Is one theory about Mrema' affair which is worth stating. It is said that he came to this city about fifteen years sgo with only $4,000 or $5,000 in bis pocket. He started 8 bank. Ho gradually absorboed all thoro was of thst bank, including the $100,- 000 capital which he is supposcd to have patd in and kopt intact. Ho has lived very comfortably during fifteen years, and occa- slonally has made an investment on bis own socount. At the end of fiften years his bank closed its doors and is short £640,000, due depositors. Bomo portion of this may have been lost in injndicions inveatments of tho depositors’ funds. But, in tho mean- timo, Mrers has hed his living and made somo investments for himsalf. Tho theory is that, whatover por- tion of tho shortngo cannot bo necounted forin the way of bad investments for de- positors, may bo found in Mrens’ personal consumption during fiftcon yoars, and tho privato investments ho has mndo, slnco ha had no monoy to start on. Wo prosumo this is the goneral theory on which ho has been indicted for ombozzlemont, nnd it is now for hirm to show tho Conrt that ho lins not boon living theso fifteon yenrs on other poopla's monoy, and that he has not invest- ed other pooplo’s monoy on his own account and for his own spoculation. It ia bolioved by somo porsons that Mr. Mrxzena is not wholly in his right mind, and has not been sinco tho panie. To the extent that this may be true, ho will receivo tho sympathy of the commnunity and loniency of Judge nnd Jury, but it novertheloss leaves unexplained the disposition of tho funds still owing to de- positors. COLDWIN SMITH OF AMERICAN LABOR. Mr, Qorowry Burrn is ono of o fow En- glishmon entitled to spesk with authority on Amorican subjects. Ho livod scvoral yaars in this country and Canada, and when a Pro- fessor at Cormell University studied our political fnstitutions without prejudico and inan onrncst spirit. 'Tho views of such a man with roferonco to social questions aris- ing in this country hnvoe spacinl valuo, both bocnuso ho is a competent thinker and becauso his oyes aro mot blinded by loeal causcs. His racent articlo in the Contempo. rary Review on “Tho Labor War in tho United States " touches upon some facts that havo nut boon suffieiontly noticed. Fimst, the qnestion of responsibility, Whatover may bosald of the inciting canses of tho strikes, tho Inwlessnoss that followed them was not a native growth, It did violence to American hobits of thonglt, and fow Ameri- cans engnged {n it or sympathized with it Mr, 8urrn might have drawn mora clearly than Lo does thoe distinction betweon tho strikors and tho rioters, Whilo many.of tho former woro nativo Americans, most of tho Intter wore foroigners. Tho fact illustrates .tho difforenco botween tho Amorican and foreign ideas. '~ BStrikes aro combinations of labor for n purposo which is, or mny be, legitimate, and Amoricana may ongage in them without implying disro- speet to their ‘Govornmont. Tho lato rail. rond strikes wore controlled up to o certain point by Americans, and they onjoyoed tho rospect and sympathy of tho community ns long ns thoy woro 80 controlled. But when Communism camo to the surfaos, tho nataral loaders of the Labor War were appointed from tho foroign population. Most of the riotors arrestod in Chicago wore Bohomians, ns ignorant of ' our languago as they were of our laws and institations. The American Inborers largely proclaimed themsolves in faver of ponco, and particnlarly in Now England, whore, as Mr. Surt says, “re- publican institutions may fairly claim to bo judged.” Now England escsped tha riots altogather, although some of tho most ex. hausting and protracted sirikes oocurred in that eoction. A second obnarvation is suggeated, but not directly statod, by Mr. Sarrm. Tho prole- tarist docs mot exist in tho United Btates. Tho thing ia na foreign to our population ns the word 19 to our langungo. ' Figures of specch hased upon the presenco of a turbu. lent elomont {n the largo cities have pro- duced n delusion with regard to the charactor of that olement and its importance, Tho people ara not ¢ playing on the odge of o volcano " ; thoy aro not about to suffer from * an upheaval," andd thoy will probably not need to po down in *“a socisl convulsion.” The * leaven of avil " has not as yot leav- encd tho wholo lamp, and the lump is so big 08 compared with the leavon that goncrations. will bo required to change its composition, The {endency of ~ American society is to ossimilate forolgn Ingredients with. out disturbing . ita own texture. Tho third and fourth goneration of immigrants censo to bo forciguera in thelr ways of think. ing, and Commuunlsw, if it propagates at all, docs not bonefit by the prineiple of heredity. ‘Whan tho oppresaions, tho endloss oxnctions, tho galliug restraints upon private liberty of European Governments aro withdrawn, Com- munism {a doprived of ita wotives, ‘Tho socinl explosion was terrible enough in its results, but it has also Jeft o legaoy of good. It has taught the lawless peoplo their woakncss and the orderly their strongth, It has cleared tho atmosplicro so that capital and labor are ablo to soo clearly, and undor- stand thelr relative positions botter than ‘they over did before. Rlots hava bean com. mon to all cooatrics, all ages, sud all Gov- ernments, and the outburst of ono of unusu- al fury in the United States moither proves nor disproves anything, Rather should we conclude that the quelling of tho outbroak with go littlo loss of life was additional teati- mony to tho beneflta of a froo Government, which creates sud educates a publio sonse in hermouy with ita benigu spirit. JOHN C. HAINES AND THE OHIOAGO “TrEs The man who strikos anothor when he is down is universally adjudged to bo a bruto, evon among brutal men. The course of tho Culcago Z'iwes towards Alr, Joux O, Iamves and his family in the doy of their misfortnues ontitles its editor to tho samo appellation, ‘The vilo opithets showered upon him, and the maliguant assaulta to which he Is daily subjectod, sre simply brutal, and will aronse in this comuunity not only a foeling of in- digoation against tho assailant, but also o feeling of sympathy for Mr. Hamnzs. Had My, Hamves beon engagod in ewindling snd stealing from Lis dopositors, or were ho a couvicted felon, there might be some excuso for such treatment, but the public and private character of Mr. Hamves and his record as a citizen should protoct him from coarse and valgar abuso, notwithstanding the calamity that has overtaken the bank of ‘which ho was the manager. Mr, Joux U, Haixys has been a roaidont of Chicago for over thirty yeams. During all that time be has borne an honorable record for honesty as botweon man and men, and has been faituful to bis trusts to the extent of Lis knowledge. Iois not a great man, nor a man of trauscendent ability, and yet the people of this city have had such confi- dence i his moral worth that thoy have called him to the highest municipal affico, and have intrusted bim with other responsi- blo public dutics. As & business man and a9 private citizen his yecord is clear from ap, taint of dishonesty or willfal broach of trus and we do not bolieve him to bu cspablo of contemplating or conulving at thie injury of sny person, Ho hes made mistakos of judg- ment as a public offcer and s a business man, asd bow mavy bave not? Ho has mads errory i investing the monay of other people, and ho hny mado quite aa many in in- vesting his own money, but thoy aro the mistakes incidontal to average humnan no- ture. Thoso mistakes nro now apparent in the history of the collnpned.l-‘idclfly Bavings Dank., In his management of that bank he did not foresco the panie, with its attondant bankrupteios nnd shrink. ngo of values, Ifo did not expect thattho resnlis of that panio would strotah ovora period of noarly fivo yoarn; that real eatate wonld doprociate from 50 to 75 por cent; that the whola financinl world wonld be planged into confusion, or that the managers of othor savings banks would turn out scoundrels and thus woaken confidence in bis own. No one will deny that ho has mado grave orrors of judgmont in the management of tho money of his dopositors, but is this any renson that tho Chicago T¥mes should tront him as if ho wero n fail-bird or a thief? Thero is no trace of dishonoesty to be found in tho rccords of tho bauk, Tho nsaots shown by tho books are there, ready for the Receivor's hnnd. The soctirities bave not beon stolen. Thoy are all ready for conver- sfon, Thero has been no perversion of funds in an illegal or dishonest manner. However foulty his investmonts may have been, tho socnrities wore apparently good ot the timo tho investmonts wero made. When the run commenced, Mr. Ilawes did overy- thing in his power fo meot tho do- mands of his dopositors and to pay them their money. Whon ho was forcod to close, ho did the only thing left for an honorable man, by turning in all his personal property, including oven his homestond, which ho might have exempted, o that thoso who had sufiered by his errors might suffor as lttlo ns possible. It ls still an open quos- tion whother his dopositors would not have suffered less by sllowing Mr, Harsza to have continued the business than by forcing tho bank Into the Recaivor’s hands. Even the prisoner at tho bar has tho right to plead provious good charsoter in mitigation of his offense, 1s not an honorable record for thir. ty yoars ns a public officer and privato citizon to count for anything in the day of n man's miafortuno? Apparently not, according to tho Chicago Times, Bhould not .an honest roputation shield nman from sbuse whoso most hoinous offanso is dofective judgment ? Apparently not, according to' the-Ohicago Tmes, THE GREENBACKERS, On an average of twico & wock the daily papers of this city contain reports of dismal - mootings of a faolion of porsona calling thom- solves Groenbackors, Mr, Geonox 8, Bowes, who presides at theso moetings, invariably gots off tho storcotyped exhortation to tho foithful to porsovers, assuring them that overything looks oncournging, aund that all will evontually bo right. Then Horr, or somo other of tha *‘standard-bearors,” ns- sures tho mooting that the harvest is noarly ripo, nnd all timt they have to do is to hopo on, ba nctive, and porsevers, Dut when mon presovere thoy generally bave an object in viow,—some defined purposo to accomplish, somo stated end which they expoct to reach. Now, what do theso peoplo seek? What do thoy want? They talk every night dnd overy dny of gotting neaver the thing they want, but thoy novor discloss what that thing is. Do thoy want an inflation of irrodcomnble notes? If so, how much do thoy want, and what do thoy want it for? ‘Thore have boon ne much ns four hundred millions of groonbacks ln circulation. Do theso peopla want to have groonbacks issnod 18 oxcons of this logal imit? Dy what legal suthority do thoy oxpoct to bhavo that limita- tion oxesoded? Do. thoy oxpeot . that good timos wonld be reatored by watoring the currency and reducing tho valuo of the dollar? Do thoy think that payinga man two dollars, ench worth fifty conts, will onable him to buy moro food or clothing than can ‘bo bought with one dollar worth 100 centa? Do thoy think that oheaponing tho money will bonofit the wages class, or sot tho idle wheels of machinory in motion? Water will ndd nothing to the strongth or substance of money. Pouring wator into tho molaysos. jug will not incroase the strongth nor add to the subgtanco of tho molasses. Wo havo ad watorsd railrond nnd other stocks in sbundance; Las tho process helped the valuo of the property? Dil tho stock- wotoring of tho Calumat bonds help that property? Did tho watering of tho stock of Srexorn's bouk benefit that institution ? ‘What is tho real troublo at thistime? Idle men, idlp machinory, idle capital, overpro. Quction for the warket, tarif laws which cripple and provent oxportation of surplus monnfactures. What monsaro do Srvner Mreus, Grongx 8. Bowxy, R, E. Horr, Kowance Sarry, and “Brick” Poazsox pro. poso to roliove this state of things? Do they proposo a reform n tho tarill so that the country may produce a surplus of manu. fnoturcs, and that surplus may bo shipped ond sold abrosd? They do nothing of tho kind. To s man, they domand protection,— tho smallest possiblo market in which to sell, the lowest amount of production, the em- ployment of the fowest workmen, and the wonkest und most valucleas mouoy, They want to roduce protoction toas noar the famine standard s possibio, and. have tho currency dilutod to “the weakost stato. They have no plau for creatig an incronsed warket for produots, ond thereby incressing the markot for lubor sud for cap- ital. They begiu and ond with a domand for watering and diluting the curroncy. To water tha greonbacks down to 70, 60, 50, or 40 conts on tho dollar, is to rovive the gold room, to mako gold gambling a fourishing business, to unsuitle all values,—all for tho benefit of tho brokers, stock-gawmblers, and dend-boata of every kind. With strango inconsistoncy these poople profoss to favor tho monotization of silver, whilo at the same time they advocate s legal- tender ourroncy that would rendor silver colusge utterly uscless. Bilver has a valuo independent of any valuo it may have ss money. When os balllon it can be sold for 93 or 06 conts in gold, it will not circulate alopguide of o legal-tender worth 90 cents or any less sum on tho dollar. Of what ovail will it be to coin silver dollars whon the legal-tender of the country may ba solling at 50 couts on tho dollar? Bilver dol. lars could only circulate ou a par with the paper when as bullion they could bo sotd for twico the valuo of the paper dollors, As & mattor of fuct, tho advocacy of the remoneti- xzation of silver aud tho dilution of the green- backs at the sams timo is an act of williness. The advocacy of unljmited greenbacksin connection with tho monetization of silver can Liave uo other effect than to damsge tha £ause of tho silver dollar, We kuow of no benefit to rosult from the colnage of silver if 1t ia not to circulate froely as money. These men shout that tho reason why thero is 50 wuch staguation i a want of money. ‘What branch of wanufactures is languishing in tho United Btatoy for want of money to carxy itout? Whero is thore any manufac. tares I this country in oxcess of tha ability of capitalists to proonre funds suflicient to conduct tho business ? Is capital or money needod to onsblo men to manafactare rtec) oriron to meot the demand for those artichm 7 Is it wanted for digging conl, or mnking woolen or cotton cloth, or boota and Rliooy, bats, harnoss or loather goods, wagons, cut. lory, glass, agricultural imploments, ma. chinory, dreésed Inmbor, carpois, paints, or any other produet of labor and mnchinary ? Is thoro any lack of any of theso goods bo. catso of tho want of money toprodnco them 7 Now, in what way wonld tho diluting of the currency help nny of theso branches of . dustry ? Aro thoy not all now suffering for tho want of a markot in which tha goods thoy now produco can ba sold? Will ony man eat more, OF wenr mMoro, or uea morg of any article because ho hrs two dollars wortl forty conts cach than ho would if ha hoa ong dollar worth 100 centa ? Notwithstanding tho utter obsurdity of this blind, senseless demand for mora dollars and loss valuable dollars, thoso men like Bowex, and Broney Mrxns, aud R, B, Horr, and Hooron, hold their moatings night after night, appealing to workingmen to join with them in the clamor for cheaper dollnrs, Thore ean bo but one way in which money can bo mndo moro abundaut, aud at the samo timo rotain its value, and that is to coln silver dollars; and then, with oll restrictiong romoved from the production of all branches of manufacturos for export and sala to for. oign natlons, thore will bo employment for both capital and Iabor, to bo compensated with'money having a permsnont and sub. stantinl valuo. Thoe gold resumptionists insist that there will bo not the slightestdificulty in the Goy. erumont's redeoming its notes in gold on do. mand on and after Jan. 1, 1879, This cong. donco is born of bardihood rather than of ronson or experioncs. No Governmoent 1n the world's history has undertaken such o task and sucecedod. Franco is considered a wiso, conservallva nation on all financial mattors, whoso oxperionce and example cra worth considering. Tho Bank of Franco stands tdwanls the carroncy of that country tho samo ns tho Treasury notes and tho Np. tional Banks of this country conjoined. Ono difforonco is that the Bank of Franco does ‘businoss more on its eapital and less on do. posita than is tho ense of our National Banks, 08 tho figures will show. Tho Dank of France, according to o lato report, hnd do. mand linbilities and cash nssets as followa: Notedouus oas aon B 060, Qovernment deposits, .9‘ b Individual deposita. ‘Total.. T Excess of fisbilitics, . $187,240,000 - In addition to its cash tho bank held 167,776,000 of Tronsury bonds and private socurities. By converting tho Intter into money it ‘would have 605,301,000 to pay 625,705,000 of notes and deposits, and yat it does not deom it prudent to resumo spocio ‘poymonts, Intho United Btates, on tho othor hand, the National Banks have domand labilitics as follows : Individual deposita. G41,772, 000 United Btates depos! 10,001, 145 TOWL.sossousssss sorassssassssooes SOUTL I3, 108 Tho Governmcnt has outsteuding threo hundred and fifty milliona of notes, Whon it undortakos to change theso into demand notes {t will convert all the baok notes aud deposits in tho banks iuto coin linbilitics, and it will havo to furnish ths coin to tako caro of all tho currency and deposits so long 08 it bns a dollar of unredeomed grooubacky ontstanding. As tho Clncinuatl Guzctle ob.; Bsorvas, speaking on this subject : Tt {a true the banks have bonds deposited Inrgoly In excess of tholr glrculation, and aleo aw sccurity for United States deposits, and thoy hold gresn. backs or their equivalent equal to 25 per cent of Individual deposits, but bonds are not coln, and if thors should be pressuro for tho lattor the bonds | could not bo readily converted. It ia truo tho ‘banks hiold 8 thousand milllons of bllls renewabls which aro nsscts, but not cash nsscts, 1, there. fore, the Government should, with o hundred millions in coln (that is the nmount Socretary Buuuwax estimates s sufiicient), undertake to forca specte paymenta with soven hundrod millfons of papor monuy vatstanding, 1t la casy to soo what the effect would bo and Liow disastrous the faifure would be, If the Lank of France, with almozt dollar for dollar of Its demand l{abllitles In cuin or s equivalent, doce not doem L prudent to reaume, thore must be a want of financial talent there, of the immediate resumaptiontsts In this country must. have talent fu that lino that throws history into the shade and passcs comprehenslon, A much-vored questlon coucerns tho mean- fog of the word * lymphatlc.” The dictionnrics deflne it o meanlug madly enthusiostic; but tt I8 used in many diffcrent scnscs by the beat writers koown In English literature. A person who writes to an Eastern journal on the subjuct says Lord LYTToN contrasts it to ‘‘nervous,"” “active,” “alert 5 & well-known blographer of BreoN says ho wasof a lymphatlc tompera- ment; fn “8ex in Education” it fs applicd to anideal womsuof theanclont Greck typo; andan able translatorof a work of LavaeL attributes such o conaition ta the London Times. Tho etymology of the word appears to be obscure. This is manifcstly a caso {n which it will not do to cxposo onc's ignoranca by o reference to the dictionaries as conclusiva. o —— Weo do not remeuber any Jocal incident of Iate that hos occastoucd 8o much’ aurprise and regrot as the fudictment of Mr, L. P, HrLianp for cmbezzlement fn lis capacity as Iresident of the Protection Life Insuranco Compauy. He {s ono of the oldest citizens of Chleago, and during his long residouce las commanded ro- spect und confidence from the community, and especlally from those who have kuuwn hini pers sousily, Whatever tho operations of the Pro- toction Life Insurance Company or its officers may prove to have been, ft will be ditlicult to belfeve that Mr, JLILLIARD was o party to any kind of fraud. e —— All that the New York platform of the Repub- licans saya on the resumption gucstion, the sl ver dollar, or monvmetallsm, or coutraction, of expansfon, ia the followlog: " rth—Fublle , and gens ertl prounehly Qousid b spud utteucyof olmnd paper convertible into coln, aud Lhe already near appruach Lo specie paymenty enforcea the wisiom sud duty of falibully purauing tha necessary steps 1o full resumptivn within the tme now Aixed bylaw. ‘Theroe 1s nothiog ln this declaratlon ogalnst ro- monetizing siiver, for the wurd coln fucludes silver equally with gold. ——— Prof. NORTINOP, of Yale, who mixos politics and English lterature to the tujury of both, gets an overhauling once a week I the New York Fost or the Ifarttord Courant. 'They are evidently Iu uoderstanding with cach other, aud will not stop ettacking Lim until be dles or ve- sigos. le bas declared bis inteution to do peithor, He may bo dismissed P e — There are 14,000 State 8aviuga Bank depositors who sre consumed with envy as the 5,000 Beo- Hive depositors who have deposited their 4 President ¥ In a stone aplary, Tho 14,000 bearts are aching because thelr SENCER 19 DOY there also to keep BYD cumpany i bis solitude. e The Hudson Bay Company bas paid nodivi- dends for two years in consequence of depression tn the market for fure aud scalskins. The scrvants of the Company are pald on the co-up- erative system, and many of them are suffesing. This fact baa & lessan Lor the advocates of >