Chicago Daily Tribune Newspaper, October 12, 1877, Page 4

[ 4 '@Im Trilone, TERMB OF SUBSCRIPTION. ——ie T MAIL—IR ADVANCE—POSTAGE PREPAID. Datly Faitlon, one year. . 12.00 P T e el o 1.0l Fdition: : an Lite: i Tanfite sheet. 2.50 Eatarday Fdition, twel 2.0 Tri-Werkly, one year. U.gl; Fartaot a vear, per m ol WRERLY BUITION, POSTPAID. - copy, per 1 oo toRer e ol i} Specimen copics rent tree, Give Fost-Ofice address in full, fncluding Btate and County. Remittances may he made elther by drafl, exprest, Tost-Otlice order, of In registered letters, st our risk. TERMS TO CITY SURSCRIBERS. Datly, delivered, Sunday exeepted, 25 cents per week, Lally, deltvered, Sunilay incinded, 70 cents por week. Address THE TRIBUNE COMPANY, Corner Madison and Deatborn-atw., Uhleaxo. 1Nl Onderafor the deliyery of T Trintxe at Kvantton, Englewood, and Hyde P'ark left In the counting-room willsecelve prompt attention. MeVicker’s Thentre, Madison strect, between State and Destborn, Fn- gagement of Dion Doncicault. **‘The Shaughrann.” Mendames Don, Stoneall, ete. : Messrs, Roucicault, Leas rock, ete. FHooley's Thenires Ttandolph street, between Ciark and Lasalle, Ea gagemont of the Lingands, **The Vestal* and ** St plo &fman," Mesdames Lingsrd, Varian, etc.j Mesars. Lingard, Hardle, ete. i Waood's Muscm. Monroo street, between Dearbora snd Stato, zy Adems.™ Speclatty Ollo. “Grize Now Chicugo Theatre, Clark strect, opposite Sherman Ifouse. iaverly's Minstrels. Messra, Thatchier, Ryman, Cashmas, cic. Adelpht Theatre, Monror street, corncr of Deatbarn, *Taba” Mes- dames Howitt, Donfantl, cte. s Mesars. Fitzgerald, Vin- cent, cie. Inter-Stato Exposition. T.ake Bhore, foot of Adams strect, Exhibition of Industry and Art. Dayand eventng. Base-Nall Parke ‘Twenty-third and State strects. Game between the Bt Louls and Clifcago C¥ TOME LONOE. comuinnteation Yhi second-at. SWOrk o) . A, A, M.=Regolar i contlally invted. 1y orde A F. & A ay) evening, it 144 Twentys AIEE. W ILIOR brethren derof the ‘Master, R. Z, HERRICK, Sec'y, ¥, and A. at WAUTANSIA LODGE, ) teguier Conimiunicatl tnli, 78 Monrog LAt 7p. come, J. €. HOWELL, Sec' RIENTAL Ly Salle- 122 Lasal evenlig st 7. orderof the i, W, IDOE, Ko, aa, A, 7. and A, Mottall, Batelt Commanicaiton (s (Eriday ock, for tustruction and_wark. Ty . N. TUCKER, siec, WARIINGTON CHAPTER, No. 4%, R. A. M. 8 convocation “ihta u’n-x-y\ eveniing, 58 7:30 wark on the Iast and M. B, Degrecs, and great {mportance. A il nicndance de- itinz Companions :Rn!'lnxll{ulifllu&!‘.nunupler CHARLRS I, WRIGHT, Suc. . FRIDAY, atred. OCTOBER 12, 1877, CHICAGO MARKET BUMMARY, The Cbieago produce markets wero cenernlly enater yesterday, with only 3 moderate volumo of buelness, Mean pork closed 10@15¢ per brl lows er, nt $14,50G14.55 for October and 8. 12,86 for Jonuary. Lard closed caslor, B.75 per 100 s cashand 88, 125 @8, 35 for January, Meata were easler, at 0tc per B for looss abioulders and 7%c for do short ribe. Lake freighis ware less sctive and canfes, at O¢ aaked for wheat (o Buffalo. ‘Whisky was unchanged, at $1.08 per gallon, Flour was quictand steady. Whont closed Yc higher, at £1.10% for October amd $1.07%@1.07%5 for No- vemner. Com clorod firm, ot 42!ge cash and 13y fur November, Oata closed steady, at 2:4c cash and £3%c for November. Iiyo closed 16 luwer, ot 6, Darley closed @1o lower, at fic cxsh and unc for November, Tloge wero dull and closed 10c lower: wales ot 85.00%5.%0, Callle wera yulet nnd unchanged, Sheep were in demanid at £2.00@ 4.00. 'Thera was inspocled into store tu this clty yesterday 200 cats wheat, 241 care sud 0,200 bu 27 cara ryc, aad05 cars larles, ) 308,000 b0, Onolinudreddoliars in gold would buy $103.00 in greenbacks at tho cluse, Groenbacks at the New York Block Fx-. chiaugo yesterday closed at 974, koo s In the Episcopal General Convention yes. terdny resolutions wero adopted sanctioning the crection of two new diocesce in Illinois, to bo known as the Diocuses of Quinoy nod Springfield. Aschbishop Bavrer's will devises to Cardi. nnl McCrosgey and Bishops Tovamty end Cotntoay oll his proporty of every kind in Nuw Jorsoy, and to Archbishop Grpoovs and Biskops Becxen and Kaix all the remainder of Lix property. Gov. CurLou yesterday issued nn ordor re- moving Mensrs. {oLoxy, MiLranp, Lire, snd Muuy, snd appolnting Perer Sonvrrien, Esin WiLgey, Sexron M. Wircox, and K, F. Woon nu their successors fn tho Weut Turk Comwissionors. ‘I'he stinginess of the United States Gov- ernmentin the matter of short-horns, ulsters, anud sole-leather trunks ab one timo threat. enwd to drench tha nation in gore ; but now wo are told that after tho Sioux Chiefs had visited New York thoy wero cared of tho itching for tha luxnries of ;modern clviliza. tion, and that upon their arrival home their tribos expressod o willingness to go on the now Binsourl River rescrvation, Tho Indian Cowmissioner {8 so advised. ——— ‘An Associated Press dispotch from Wash. ington snnounces, probably with suthority, that the President, in bis mcusage to the cxtra session of Congress, will confine his stteution to the numerous deficiencles in the appropriations made by the Forty-fourth Congress, and only ask for tho legislalion veceasary to make good tho shortage and carry on the (lovernment unhl the regular sppropriation bills are passed next winter, Yhero is, therefore, a good prospeol for a short sossion, The movement to obtsin from tho mor. chauts and business men of Chicago the pe- cuniary nusistance of which the Becond Reg- iment stands so greatly in need received fresh impelus though the meeting held last uvening in tho hall of the Board of Trade. Iu addition to the practical frnits of the un. dertaking socured in the form of o geuerous gift of $250 by a prominent member of the Board, the meotiug appointed a committeo tu cuuvuss for subscriptions, and there ought to be no dificulty in obtaining the means re. quired to bring tho Second out of its' finan. cial difficultics und increasing its strength oud efficione; A e————— ‘The fact that Cook County is unabls to effect & temporary loan of $50,000 at less than 8§ per cent intorest, while the City of Chicago bas o trouble in borrowing all it wants at from 6 to 7 per cont, seems to sur- prise some of tho members of the Finance Comwmittee of the Couuty Board. It sur. prisce nobody else. ‘The city is blesssd with an honest, economical administration of ity fiscal offaini; the county is cursed with a financial manggement 80 vicious and corrupt thet the doors of the Peuitentiary already yewn for several of the managers. Treas. urer Hucxk hit the nall ‘squarely on the head when Lo cited the numerous iuvestigations of tho County Uommissioners and their indict- went by different Gravd Jurics as the obe : THE CHICAGO TRIBUNE: FRIDAY. OCTOBER 12, 1877. vious renson why the county’s credit ia Ring robbery cuts heth way,—flmat, by pinndering the Treasury di- rect, and next, by increasing the rato of in- terest at which monoy ean be borrowed. This is a fact to b distinctly borne in mind and conspicnonsly considered by the two County Convontions that aro shortly to nom- inate candidates for Counly Commissioners. fallen so low, Admiral Ropookns, in command of the Naval Academy nt Annapolis, declines to litt his cap to his saperior officer, the Hon. Sec- relary of tho Navy. The Admiral's action or non-action is prompted solely by profession- Hg, inwardly prolests ogainst the fearfnl unfitness of things naval when tha anclont tar must bend the kneo or raise the gold-lace to A mero Jand-lubber who doean’t know the differenco Letween o eat-head and a flying-Jib down- haul, This being tho condition of affaira bolweon the sbove-named partles, Mr. Triomrson, it Is intimated, will shortly take nl pride; is of the salt salty. o reef in the Academical management. MacManox has found it nocessary to re. ply to GauneTTa’s rocent clectoral adiress by insning a second manifesto, in which he denles tho former’s assertion that the Con. stitntion is endangered by a Govornmant conirolled by Clerical influence, dentes that tho Government is inclined to a policy which threatons tho pesce of tha nation, and once moro appenls to the people to support the official candidates nnd thereby avoid the un. known dangors threatenod by the success of the opposition. On the other hand, the Bureau of the Senatorial Left has roplicd to MaoManox's manifesto with an address which reasserts the dangers which Gaseerra pointed out, and denies tho denlals contained in tho Marshal-Presidont’s Iatest promal, tion. A Grand Jury in Pittsburg Is now investi, goting the causes which led to the widd sproad dostraction of property during the great riots, the County of Allegheny (in which the unfortunate city is situnted) desir. ing to establish the fact that undue and ille- gal interforance on the part of the Statb an- thorities infariated the populace and precipl- tatod the dovastation and slaughter, and that, therefore, the burden of responsibility for damages shonld rest mpon the broad shouldors of the State, and not upou tho dis- abled community in which the terrifying orgy spent itsolf, All the men of prominenco connected with *‘the affair of July" are or will be before the Graud Jury, including Scorr, Cassarr, Gen. Brixroy, Adjt.-Gen. Larra, aud tho Governor of the Stato, — BHERYAN AND HIS RESUMPTION BCHEME. Alr. Secretary Bugnanay, culightoned some- what by the Olio election, has yielded so far 1o public opinion aa to have eu ** intorview " published, in which ho seeks to bolstor up his schome of gold redemption of greon- backs in January, 1870, After promising that ho doos not thiuk there will be any werious drain uwpon the Treasury for gold after Jan, 1, 1879, tho interview stales: T1a does not think that the apgregata of the enr- rency, $450,000,000, will be preseuted for re- demption on Jan, 1, 1670, Oan tho cuntrary, he ls confidens that tho nccessitics of buslness will pro- vent hanks from doloz anything of that kind. ‘They will have no necessity Lo send in their Jegal. tender reserve for redemption, for the reason that, when resumption has begun, thelr legal-tonder notes will themselves bo gold certificates, and, for 81l practical purposes of the Banking act, ond for the prariieal puvposes of resumption, will be gold, ‘Yho nccesutles of businees, if uotning clvg, would prevont the bauks from sending In thelr notes for redemption. ‘'hey woald bo needed for the coerent exchanges, Inthe baalacss of the country, and could not be spared'long onough to be rent to Washington even by the quickeat ox- preds for redemption. The Secretary docs nnt ane 1teipate Lthat the banks will retire their circulation. o confidently counts npon the hiearty co-operation of the bauks under cxisting logisiation, withont any chaugo even in the kiws lniwosing such ereat tazation upan e, to carry ont the Itcsamption uct 1l thinks that $100,000,000 gold accamulst- ed fn tha Tressuey will make renainntion possible Jun. 1, 1870, and that there will bo no subsequont. eontraction of the cierency on acconut of resump- on, for the reuson that the gold dollarand tho greenback will then bo equivalents, Now, whnat dues this mean? It means that the Hecrotary expects to be ablo to have $100,000,000 in gold in the Troasury on the day fixod for upecio redomption; but he dooa not stato whore he is to obtain it from, On that point bo makes no oxplanation, Ha thinks the necetsitios of business will pre. vent tho prosentation of grosnbacks for gold. 1t there were no nocessitics of Lusiness de. ‘minuding gold, then thero would be no ocea. -on for sulling greenbacks, ‘'ho nocossitica of husiness require aunually the purchase of $1150,000,000 of gold forcustoms, and require possibly the purchasa of many Lundred millions of dollars of gold exchange, All wa purchase from Furope Laa to bo pald in for goldexchangoor golditself, Ourimporters do business In greenbacks, and, whon they have to remit, thoy soll the groenbacks for gold, or gold exchange, Their interests have al- ways beon to wlvance the value of green. backs, When, however, Mr, Buzraax hangy oat his sign that be will deliver gold in ex- chipuge for currency, on domand and at par, thosae who have to use gold, or gold oxchange, will not sell their greonbacks at n discount, but will go to the Tréuury and exchange them ot par, Unless tha Secrotary can compol the Lrokers and bankers of Now York and other cities to sell gold and ex- chauge ou Londount par for paper, (hen tho paper will bo seut to the Tremsory for gold, 'The gold needed for business pur. poses will be, possibly, from five hundred millions to six bundred millions of dollars n year, and it is well known that if it cost one- fifth of 1 per ceut to purchase gold with groenbacks, the latter will bo seut to the Lroasury for redemption at par, *The ne- cessitios of bLusiness,” thercfore, more than anything else, will forco a demand for gold solong as papor will not bo exchangeable for gold.at par except at the Treasury. The Beoretary proposcs to take the gold business iuto his own hands, and to furnisheevery man who has to pay for sugar and molasscs in Cubs, for coffeo in South America and the ‘Weat Indies, for tea in China, and for silks and other dry goods in England and France, with gold exchasge on London, and to furnish. them gold with which to poy duties, and to furnish it at par, and, by thus underbidding all competitors, ho will certainly secure tho whole bustness, How long will his $100,000,000 last? Ho al. 50 assumes that the baunks will not seud their groenbacks to the Treasury for redemption, becausa thoso greenbacks will be as good as gold for tho redomption of their own notes. Allthat is true ; but when theholder of bank. notes wants gold, and he cannot buy gold ex- change with bank-notes, he will present them for redemption at the bank, get Treas- ury-notes for them, and seud the latter to the Treasury for redemption. The banks cannot hoard greenbacks and keep their own notes in circulstion. The latter will not ba exchangeable for gold, and will of necessity borunin, aud the greenbacks forepd out, and finally presented for redemption. If the Becrotary aasumes that the banks will keep any of their own notes in circulation beyond redeem their notes on demand in gold or 1n ono or the othor on hand. When they redoem bo both in bank-notes nnd greenbacks. It must be romembered that the Treasury monts. It has littlo or no gold income be- yond ita mnecessary gold exponditures, and whon it exhausts this borrowed gold then it mnst suspond the redomption of greenbacks. Thero aro about $660,000,000 paper monoy ontstanding. Tho Secretary will give notico that he bas $100,000,000 of gold which he will pay out in exchanga for paper at por to those who shall first apply there- for, That cents on the dollar in gold, which ho will pay out, not pro rata, but to whoever shall first present the paper for redemption, Ho offera to redecm one-sixth of tho curren. ¢y in gold at par, and ho thivks the holders of the papor will be too busy to call for the money. When only one man ont of six is to have gold for his currency, and that man fa to be tho first who applies, ho does not think that ovon the one man will spare the time to present the notes aud take the gold. The Beerotary comforts himaelf in the belisf that, while ho offers gold for paper at Washington, the merchants of the country will sell their paper at a discount for gold, sooner than sond it to Washington! And on that ex- peotation tho Seeratary of the Treasury feels 1t safo to undertake the redemption of green- backs in gold! The blind faith the Secretary has in the .{Elure—lba strong hopo that he posscsses thiat something will turn uwp not now foro- soen to make resumption essy—is shown in the closing sentence of tho interview, that after the 1st of January, 1879, *there will be no subsequent contraction of tha currency on account of tha resumption, for tho reason that the gold dollar and the greenback will then be equivalonts,” If the Becretary have $£100,000,000 in gold with which to redecm greonbacks, gold and greenbaoks will bo equivalents at tho Tressury; but will they ba equivalonts to purchase gold for exporta- tion, or to purchnse exchange on London or Paria? Cnn a man ship greenbaeks to Lon. don in payment of a dobt due there, and, it he caonot, will he not have to exchange them for gold! And where will ho be able to got the gold at par oxcopt at thoTreasury ? This would be perhapa a little mora intelligible if tho Bocretary wonld open bhis mind just far enough to explain whether, when ho ro- deoma n ¢freanback with gold, the groenback is to bo conceled or whother it is to Lo ros issued? On that point the Socretary refuses an explanation, nud yet ho insists thero will be no contraction, while ho makes no pro- vision for any continuous or repeated ro- demption of the eurrency. If hois to pay out the greenbncks as fast ns Lio redeems them, what is ho to pay them out for? Isit to bny gold or buy bonds? And if it is to buy gold, does he jmagine he can buy it at pac? The Becrolary of tho 'I'rensury scems to iguore the Interests which other countries have in the condition of tho gold market. On Wednesday last the rato of discount by the Bank of Englond was as high as 6 per cent, with an lutimation that in consequence of & demand for Lialf a million of dollars in American gold. Lbe rato wonld be advanced sufficiantly to prohibit the export of gold. ‘When the Bank of Eogland can thus at any timo arrest the exportation of gold to this country, ean drive Amorican bonda home to be sold Lero in gold, and can produce such o searolty of the commodity in this conutry as to sweep tho Socretary’s accumulation away, Lovw long does ho oxpect he can maintain spocle paymonts, or that merchants will not find time to oxchango their paper for gold at par? ‘The fact Is, the Socrotary is Inboring undor o strong delusion, and tho sooner ho rocovers the bettor it will be for himself, for tho Administration, sud for tho country, THE MISSISSIPPI SCHEME. A letler written by the Hon, Casry Youxa, member of Congresa from the Momphis Dis. trict, on tho proposed Governmont improve. ment of tho Mississippl River, s nttracting considerable nttontion. It counsols the Bouthern peoplo to seek co-operation with tho poople of the Northwest in a movement upon Congresa to securo the necessary ap- propriation to bogin tho work, and to this ond advises tho Chambor of Commerco of AMemphis and othor Southern citiea to send delegates to the Convention which is soon to meet in St. Paul to devieo ways and means to carry out the projuct. The dosired fm- provement Is on what may ba called the Humrnnevs plan, beoause suggosted by Gen. Huarrreys, and contemplatos Lha construc- tion of a systom of lavoes on both baunks and wherever noeded along tho entirelength of tha rivor, The catimatedoost of thisimprovemunt 8 345,000,000, and it is safe to conclude.that twice that sum wonld bo needed to fiuish the job, nnd an enormous sppropristion ovory yoar after complotion to keop tho embank- ments in ropair, Dosides taking at least 100,000,000 oat of the United States Truas. ury, or adding that sum to the publio debt, the embaunkment aystem would be a constant charge uvon tho Government, and furnish o navor-onding opportunity for rings and provoeation for plunder, Mr. Younu's plea for this subsidy is based upon the damage douc to the lowlands along the Mississippl by oocasienal overflow ot places. He estimates the area subject to overflow in places at 650 miles in length and slxty miles in average breadth, and says that it comprehends 24,000,000 acres, 'This land, o says, was worth $350,000,000 in 1800, snd ity presont cstimated value is $100,000,000; 80 he would have tho inferonce drawn that tho deprociation in its value is owing to the occasional overflows. - Tho fact is, how- over, that the damage dona by flood is spas- modio aud affects ouly cortain sectlons; Ar, Youxa himself only estimates the aggregate damage occasioued by the soven overflows since 1860 at $48,000,000, which is ccrtainly not understating it. . The deprociation of the Bouthern plantation lands is owing to other causes {ncidental to the War of the Rebellion, ~—such as the abolition of the slavo system of labor, the breaking.np of familics and deser- tion of farms, the diinclination among the native whites sinca the War to cstablish an. other systom of labor, their politica) dissen. sions, ota. Dut, in asking the Geueral Gov- ernment to assume an exponse of $100,000,- 000 for tbe project on the ground fated, is to ask that the whole people of the country o taxed for the benefit of the peopleinhabit- ing a section 650 miles long and sixty miles wids ; there is no fair theory of Government that warrsuts such & practice. Bat the fundamontal objection to the schome advacated by Mr. Youxa, and by all tho others who favor the Missisaippi River tho sum of greonbacks they may have on hand, hisdelusion must be great. They must groonbacks, and thorefore musthnvecither the their notes, thero will be contraction to that oxtent, and, if the greonbacks they pay out for that purnose be redeemed in gold by the Treasury, then the contraction of paper will | Department will have to borrow tho £100,- 000,000 with which it will begin specie pay- is, ha will have about 16 improvement nt (fovernment expenso, is that tho most economical, the most natural, and the casiest and quickest method for relieving the 1dwlands of the Mississippi from the dnuger of overflow is neglected nltogother. ‘When the leveo nt Bonnet Carre was broken down and tho Mississippi tore into Lake Pontchartrain, and so found a new omutlet into the Guif, moro good was accomplished than eould have attained by tho gspenditure of many millions on tho embankment plan. The cntting of n canal n few miles below New Orleans, throngh which the river wonld bo relioved of severnl foet more of water that wouid empty into Lnke Borne, would keop the water down to a safe level ns far up a8 Vicksburg. Other openings at other points, whereby the natural outlets of the river could bo wutilized, would solve the problem cntirely, and at a cost of not one- tenth the sum the embankment scheme will require, Why -is it that neithor Congress- mnn Youxo nor any other of the advocates of Mississippi improvements at Govornment expenso recominend A consideration of this wystom? We think tho reason may be fonnd in tho following extract from Mr. Youna's lottor: In #casons of the greate® monetary want among the people, other Governmenta have cacried for- wvard thelr greatest public works, and thaso experi- ments have worked tho most happy resnlte, Tam unable to see any good reason why they wouli not follow & similar policy In this conntry. Commience theso great onterprises and you give useful employ- ment to many thousands of willing hants and strong arms that are now folded in kileness becauso theru is no field of Industey in which they can Iabor, 1f we but foster and bulld np the great in- dustricapt our scction and dovelop its boundleas resources. wo shali bo rich and prosperons beyond parallel In the history of any people un carth. Now that those exciting and exaspcratingquestions that iad thefr bieth fn sectignal anlmositics and partisan hostitity are, in some measnre, passing out of American polltics, we may fitly direct public lea!s- Iation to tho furtherance of worthier and more im- portant objects, When we liave reconstracted our fndnatrial, ngricnltaral, and commorclal system, soclal potity anl political alfalrs will adjust theme eelves withont lezisiative assistance, ‘Chis, boing ‘interproted, means that itis not protection for the Mississippl lowlands alone that is demanded by the subsidy-beg- gurs, but that this project shall further serve as o menns for distributing an cnormous sum of Government moneys to give cwploy- ment to idle hands, to stimalate specalntion, o start things booming again, and tolet o now 'sot of harpies fix their claws fnto the Government snhstance, Sach is tho true in- wardness of the modorn Mississippi schome, which, in this respect, is ug illusory and un- serupulous as tha schomo of tho samo name conceived by ono Jonx Law over a hundred yeonrs Bgo. NEW ENGLAND T! TARIFF, There is o growing rentiment among the poopls of New England that the bost thing for that section is to get rid of the protectivo tariff without unnocessary delay. 'Con yoars ago, Epwanp Hazns, the groat cloth nianu- facturer of Rhode Island, ju his own behalf and that of others epgoged in making fino cloth, nppesled to public sentimont and to Congress for relief, ‘They produced fine cloth which bad been exhibited all over Eu. rope, aud won the highest honors In compe- tition with the French and English cloths, To mauufacture this special deseription of goods soveral millions of dollars wore fn- vested in buildings and machinery, and a fnir business was done until the famous wool tariff of 1867. To mauufacturo these fine cloths it was necessary to import cortain qualities and kinds of wool not produced in the United Btntes, which were raquir- ed to mix with tho native wool. The tariff of 1867 placed a duty of 100 por ' cent (gold ' belog' thon 130) on- theso wools. This duty, in sddition to all the othors imposod on nrticles enter- ing into the wanufacture of such cloth, com- polled a suspension of the business. Foreign magufacturers wero nbla to get this wool froe of tax, and woro nble to purchasa all tho nrticles noeded by thom in their busineus freoof tax. The tax on foreign imported oloths of the kind produced by tho Hanns nnd other mills was only 45 por cent. Mr. Hanns stated that it allowed to import the foreign wools (of kindy not produced in this country) freo of tax, ho could produce broad- cloths, asho had proviously beon doing, of a quality eqnal to the best French or Eu- glish, and sell them ata profit in compoti- tion with tho foreign. ‘I'wo millions of dol- Inra’ worth of machinery stood idle, waiting for the relief asked, but Congross refused to change the tariff, and to this day that brauch of American manufacturcs remains protected out of existenco, It isconfidently belioved Liy a large portion, if not by tho majority, of tha woolen manu- fnoturens of tho country that, if they were rolieved of pil tho taxes ou chemicals and all other articles used in their business, they could produce their goods at such reduced cost a3 wonld enablo them to cowmand the homo market aud mannfacture in addition forexpart. Tho cotton mauufactarers had to chooso long sinco between abandening protection and manufactaring for export, or practically closo up their business. 'Lho re- sult is they are now exporting certain kinds of eotlon goods which they are suoccessfully selling in competition with British goods, and, if the protective dutics on what thoy have to buy for wsein thelr business were abolished, the export of cotton goods could bocome general. ‘We nre prepared to admit that oor mann. facturors can hardly oxpect to bo able to mako cotton and wooleén goods, and iron aud stael, Jrass and copper utensils, aud the wholo range of manufactured articles, and take them to Earop o and driveoutalithe pro. ductions of those conntrics; there wo can only hope for a limited market for certain Aworlcan goods, which, for some suporior quallty, or finlsh, or invention, shall have special precedonce. But Europe is not the worll. ‘We have a continent at our door, Central America, South America, and the West Indies, Mexico, and British America, aro In ono sengg but additional Btates, whoso commorclal interests, if mot political, are Iargaly in common with our own, Japun aud Ching, and tho new States in the South Pa. clfic, are nearer to us, and bave no such natural or politioal offinitics in the Old ‘World as to incline them {o deal with Barope in preferonoe to dealing with this conn. try. Tho lLundreds of millions of peoplo ‘who are not in Europe, and who buy largely in exchange for their own commoditics, offer to American manufacturers s market in which tho law forbids our buying -or selling. We &re %0 uyituated territorially with respect to all theo peoplo, and Lavo so many advan- tagos over Europeans in direct intercourse with them, that we ought to bo able to out. strlp ail cowpetition in their markets. Pro- tection. hou Jong since consed fo protect any Ameriran industry except perbaps the sugar reflargs and some msnufacturing chemists, but & has become a burden and oppression on 1nunufacturers. It prohibits manufac. tureog for any but the home markot! which i 8 tocked beyond its capacity for consump-" ticp. All this seoms to have ocenrred to the people of Now Eugland ‘ILe Sprinufeld ean conceive,” If the commercial and manufac. presa reform upon Congress. twariff in order to promoto manufactures, was Now England that then beat down tho nclfishn.oss of Pennsylvanis, and Now En- gland 'will find it to bato hor interest to do 80 aga'n. Rassian division have during this war beon found to be faulty, and it now appoars only (Masn,) Republican thus comments on the situation : Now, what {4 tn he done to et this market? In ouropinfon our mannfacturers and commercial interest will never extend thelr forelen dealings to dearee tll they offer recipracal advantages. aon underlying such a conclusion 1sderived, 1ot from the mutusl ratisfaction of reciprocity uf trade, bat from practical consideration of gains which nee snMalent In this age of nlce transactions to tarn the scale. In the Arst place, seciprocity of trado insures cifrect trade aud cargoes both ways. Theso are Lwo considerations of tho very firat fm- porlance. Thi Hoston IizMBNwAYsannot send cargoes of Nev: England manufactares to Chillat s profit nnless they can bring back 8 catgo. o « After our manufacturers and merchants have waited a fow more seasons for a husiness revival to descend from Heaven, it may occar to them to take up the fariff and see how far the conntry Is standing In fta own Yight. Tho tari@ wae framed in 1801, when Senator Monniy, of Yermont, then leader of the louse, was called upon {0 raire An imniento war ravenue, Ho accomplished his put- froa¢, but we have never soen any reason lo sup- poso that he was inspired by diving nuthority to make n {arlff for all time, or that the authors of varlous succereive modifications of the instrument have rednced it to thie Iast degree of parfection at- tainable. New England sentiment is passivels fa- vorable to nn amelioration of tho tari@f. Pennayle vania nlone 1s incxorble. Her view of n protect- fve tarifl might Lo expresscd in the Janguage of Count BEXREXDONFF's enlogy of Russian Imperial power in 1848: **Tho past has been sdmirable, the present Immore than magnificent, and the fa- turo will surpass oll that tho human Jmagination turing intereats cannot mccept this complacent acquiescenco in a pollcy oulgrown by our pirogrees and eatirely unftted to the changed condition of aflairs, it Is for them to take active measures lo Now England, in 1856-'57, enjoying undor the low tariff of that period an unprec. edented prosperity, united in both IHonses of Oongress in further reductions of tho It FPRAUDS IN THE RUSSIAN ARMY, There has long been a suspicion that the Russian forces wore not so largo na they havo been reported to bo, and recent infor- mation confirms it writt on with great freedom on this subjoct. One «3f them assorty that the strongth of tho Russian army beforo Plovaa is largely on pape:t. At the beginning of the bombard- ment there were threo divisions of Rouma- nians nad sovon Russian divisions embraced in tho attacking army. shonld havo mustored 80,600 and the Rus- siang 100,000 mon, according. to the ropre- sontations on paper of tho strength of tho forcos, But on the day boforo tho open- ing of the army wau roviowed beforo Princo Cmanvrs, and only 80,000 men wore retmrned on pa- rade. Thie deficiencios are presumed to havo been entirely in tho Russian ranks. Admit- ting thnt a largo number of the missing 50, 000 may have beon cavalry and artillery- not called out, thoro is still an onormons pro- | portion af men of straw to be accounted for. | The motive the Rusainn officers have for mis- rapresonting tho nunber of men commanded by them 18 not far to sock. The Colonela re- coivo o lamp sum for tho payment of their mon. The distribution of the money is con-’ fided to subordinates, who thus have a pow- ertul incantivo to mako tho numbers ns largo s possible, No roll-call is over ordered in the quently pacity of tho paymnster. Correspondents have Tho Roummanians bombardment, the wholo There ia conse- upon the ra- * Hence,” romarks tho London 7%mes, **all calcnlations based npon what ought to be the strength of n Russinn army. no check too probable that, throngh tho canker of corruption which so widoly pervades the Rugsian military system, the forco of troops ongnged in the campnign hns nover beon moro thian two-thirds of what, according to the papor organization, it should have been, and which the hoadquarters staff actually belleved it to bo.” It appears from this that the Russinn ex- perienca in the Crimean war has taught the Ozar nothing. I'bat experienco was bitter onough, one would think, toteach himagreat deal. Al inefficlent commissariat thon par- nlyzed the encrgies of oficers and men alike, and Russia found her desdliest foes in thoso of her own houschold. 'The Czar is not, it is ronsousble to presume, incapablo of learn- ing; but ho stands as o bulwark betwoen the army and the people, and prevents tho for- mation of a healthy pablic opinion, which wouldl compel an honest ndministration of af- fairs. Mo is himaelf nsignorantas the poople. He is by his own actions deprived of tho nuual means of information as to the conduct of his subordinates, e hny, ns every abso- lute ruler does, stiflod freo upeoch and frao pross, Tiis fathor forbade ull formu of in. tolloctual independence, aud he is faithfally imitating the exauiplo set him by that father, At the same time, he has deprived the Rus- slanarmy of skilled Genoraly by boosting his incompetent brothers, nophows, and sons into responsible positions, 1o lhas placed no premjums upon intelligence, offered no great rewards to gonmius, and given noin- contives to privatoworth. Tho inovitablere. sult of this disastrous policy has followed. Tho military sldll of the nation has declined, and the corruption of the finaucial officors has inercased, until both causes combined Liavo brought disaster and disgrace upon the Russinn arms, . ‘The exposures of the sad stato of affuirs in tho Russian army to which we have alluded may account for tho recent wholesale expul- slon of correapoudents from headquarters, A dispatch yestardny assortod that tho number of correspondents with tho army beforo Plevna had been reduced from sixty to two. We can understand easily how this may have been tho caso, and why the Commander- in-Chief may have found, it con- venlent to dispense with the services of the newspaper men. It is unfortunata for the Crar that they have beon expolled. He needs thom, Not having been accustomed to indoctrinate his familiars with tho habit of telling the truth, he must go lo other gources for nccurate Information. Ho doubtloss had no wore candid frionds than the correspondents who have now been Ig- nominiously ordered to the resr. The Vienns correspoudent of the London Times osserts that the evontuality of the TPope's death was discussed at the rocent con- forence of Busaanox and Anppassy at Balz- burg, the question having been brought be- foro them by a communication to the Powers from the Ttallan Government, to the effect that it would grant the greatest possible froedom in the election of the Pontiff, bat atthe same time would enforce on the Con- clave tho observance of thdse forms on which tho validity of the election depends. The Times corvespondent, however, doos mol think that the Italian communication was necegaary to opon up such a discussion, as the Fremiers already had an inducement in the relation the Vatican holds to the Eastern question. Al the champlons of Cathol- icigm bave raogel themsalves on the sids of Turkoy s sgainst Rusals aud ing any open dcmonstration, A position towards Jtussia which is antago- nistio to thnt of the Italian Government. The Ultramontancs of Germany nlso sympa- thize with "Furkey, and would like fo mnke alliances either in Austria or France. not unnntural, thorcfors, that Bimianox should give the mnttor his attention as a warming to those who hope to make a divis- {on in tho tripla alliance. So long as Aus. tria, Germany, and Rtussia rre in accord, the attitude of the Vatienn towards the Eastern question s of littls consequenco, new Congress for the ropeal of the present United SBtates Bonkrupt law. Thisis evident from the mumber of memorials thai hnve been in circulation in various large citios, which liava generally received tho nctive na- sent of the grent firnk, who are najurally tho lorgest losors under the credit system. A repenl bill ina once passed the Lowor House of Congress, and it mny bo that n concerted movoment will succeed in gotting the mens. ure through both Houses this coming winter, ‘Wa ihink such pu effort s to bo deprecated, sud of agoncy of After any season of ovqm,mlned Bpecu. Intion, such s the War period, thore is al. ways n demand for a Bankrupt law,; this is followed a few yonrs Inter by a reaction which 18 Iargely due to a genoral improssion that the existonce of n Bankrupt law is an oncoursgement to defrand croditors, If the law bo ropenled, the demand after n time for tho eunctmont of anothor law of ths same nature becomes so ganeral that Con- gress yielda to it; and so, following the tom- porary impulse of tho commarcial public, thero must necossarily be a succession of cnnctments ond ropenls, to each of which | ara incident tho orrors and frauds of new ex- periments, thero should bo n permanent national sys- tomn, perfacted through experience, which ghall fornish a uniform -and equitablo mothod of winding up the affairs of in. solvent persons aud firms, as contemplated by the Constitation. alnw leaves tho adjustment botween cred- itors nud debtors to the soparato and dis- jolnted jurisdiction of State laws, which cronto an ondless amount of confusion and litigation, aud in tho end probably involve 84 much fraud and injustice as oven an im- porfect nalional systom. torsats of this conutry will do themsclves mora good by combining to secure the proper amendments to the presont Bankrapt law tho Vatichn, although not mak- occupies Itis THE BAKKRUPT LAW. There will bo a formidable pressure in the that it s mado on acconnt » misapprehension of the proper n national Bankrupt law. It is certainly much botter that Tho absence of auck . Te various mercantilo and cormmerofal in~ than by socking its absolute repeal. It is not to be denied that serious abuses nre prac- ticod under the law as it now stands, and these are chiefly owing to the excossivo fees allowed, tho delays in winding up bankrupt estates which aro principally in the in- torost of Recolvers and thelr friends, and tho fallure to enforce the proper ‘ponalties for falsifications, concoalments, ‘and frauds. But o Jaw based on o sound principle should not be Dbiotted off the statute-books nltogether becnuse it is mot properly constructed. The experience under the presont law must have enablod the mer- chants and their attorneys to detormine its weonknesses, aud thoy could undonbtedly suggest o moro rigorows system, under which debtors couid not with impunity resort to perjury or concenlment, ond the publio offi- cezs should bo limited to a roasonsblo com- ponaption for the prompt work of settling ‘up the ffaws intrusted to thom. Tho com. plaint, olong at first, was that tho cost of bonkruptey was too. onorous on fhe debtor class, but now it s tho creditor clpss that clalm to be the eufferers. In toth instances the fanlt is in tho construe. thon and not in the spfrit of the law, Inn gront commorolal country like qurd, where the credit systom is carried on wors exten- sitvely than in any other country in the world, it will always bo a hardship, amount ing slmost to injustice, to pursuc a man through lifo with a cummorcial loss, which may havo ccourred withont the slightest per- gonal dishonesty on his part. To provide ss many difforent systems of liquidationa as thero aro States will always bo productive of great eonfusion and oxponse. A uniform, national aystam is s notice to all alike who do business on the credit system to exorciso more caution and be more consorvative. It only needs such sdjustment ns shall make tho Banlrupt Court a reasonably cheap aud casy agency for the liquidation of dehts, aud assure to the creditors the convorsion of all tho aseets which tho debtors ponsessed at the time their bankruptoy was incurred. The presont Baukrupt law should ba amended, not ropealed. e TROUBLE IN THE INDIAN TERRITORY- There is trouble brewing in the Indian Territory between tho Indians on the one hand whites on the othor, who aro pro. sumably spoculators eager to lay their hands upon tho rich lands in the eastorn part of tho Territory, Within the past few yearu tha Territory bas mado rapid progroes, and its development has Leon substantially aided by the Missourl, Kansas & Texas Itoad, which crossca the 'FPerritory fram north to south. Farm and pasturo lands were rapldly opened up,and white laborbogan to como over the bordor, some of it employed by certain Indions and somo of it on its own account, Sowme of the Indians employed skilled white labor, but tho great majority wero oprosed toit orto mny other measurs that would lead to white emigration into’ the Terrilory. Dissatisfaction spread so rapidly that at the oloction last yoar only thoss were placed in power in the various Nations who wero. known to bo opposed to white emigration, and, ss & further pre- vontlve, o heavy = tax was levied upon tho whites and thelr' labor, to foroe them out, and thoy had an opinfon from the Commissioner of Iudian Affairs last spring which sustained them 1n their courss, Bub. scquently, Interested parties, speculators or otherwise, made an application to tho In. torior Department, awl,’ according to the Fort Beott New Era, Becretary Bomunsz bhas mado a doclsion, binding upon the various Nations, which opens up tho Terri- tory to whitos and white labor, or ab least permits thoso Indians who aro so disposed to bring white labor over the border and placo it in compotition with the Indian labor. 3 Wo have not s¢en the docision of the Becrotary, but, presuming from tho paper be. fora us that it is favorable to the policy of bringing white Jabor into the country, i¢ cannot but be regarded o4 fatal to the future peaco of the Indian, if pot to his very ex- fstence, Itis certain that the Torritory was setapart for the exclusive oocupancy and uko of the Indians. It is certain that the Indisng get along with esch gther betier than with the whites. It is equally certain that {here s nons too much room in the Terri. tory for tho Indlans, Thare axo already in - they havo obtained to the friondly al in Congge tho eaatorn part of the Territory the Choo taw, Chickasaw, Cherokes, and Creck Na. tions, and in the western the Osages, Chey. ennes, Arrapaboes, Kigwns, Comanches, and Apnaches. Biour, Nez Perces, Gros Ventres, Mandans, Hhoshones, and numerous other tribes which hnve latoly cupying temporary reservations. The Indian Territory Is the final destination of all the Indians, some thousands in number, neat. {ered over the plains and among the moun. tning of the Groat West. Thers is no other place whére they can go. The prosent ros. ervations on the Powder Horn, White, and Masourd Rivers and clsewhero aro only tem. porary, Theycan bo occupied but a short time at best, for the immenso tida of emigra. tion constantly rolls Westward, and must sooner or Inter cover the whole groat area letweon the Mississippl and the Pacific, ox. copt thoso dosert tracts whoro noither whites nor Tndinns can live permits Indian Territory, the final lLomo of tho Indlan, with him, / More than that, it involves their oxtinction inatead of their civilization. 1 the whites are allowed to pour over into the Indian Territory, introducing their whisky and disanses, gambling, swindling, and steal. g, and their social os well 83 political eor. * ruption and demoralization, the Indians will soon loso all their land, stock, and other property. course to deeds of violenoo. be drivon out of the Territory, for it was given them by treaty stipulation, and they would not be sllowed to live outside of itg limits, ‘We submit that the whites of this country nre bound by every consideration of national Thonor, treaty stipulation, and common jus. tica aud humanity to let the Indiaps alona and keep out of thoir Torritory, at least until the Indians thomsclves ask them to como in, If, ns wo suspect, tho movement of the whites along the border is in tha Intereat of speculation, with the view of buying up the richest portion of tho Indian lands, the Indions have the right to protost against it nnd their protest ought to roceive prompt considoration. There are yot to como In the ‘teen on tho war-path or ars co. Any policy which whites {0 occupy the ond only 8 In bad faith the In revenge they will have re. They eannot Thesr only fato would be extinotion, P %ho Dotrolt Post boasts that the Michizan mombers have been sharpers in Conarees in the way of getting large appropristions year after year for the fnnumerablo harbors and puteln- coves proubd that State, and contrasts thelr success in getting into thobowels of tho Natlon. al Treasury with the 1ll-juck of the Illinols, snd cspecfally the Chicago, nembers. Tho Post puts the caso in this way: ‘Tho State has been wiso enoagh to send to Con. gress men who are Identified directly with the great, substautial interests of the Stato, who know 118 needs, and who have s thorough pers ThCe tical businons knowledge of such matte: for that resson wiclded, s they descrved to wield wreat influence in Congress when such inalters were to ue acted upon, 1t 1llinols has not beon so fortanate, or If Chi. cago, in particular, has not been sofortunate, it ia her own fault. It 1 no secret atall that Iilinois and Chicego owe soniething for the n&mmflrllllunl of Michigan “hicaio I8 the great commerclal cen- and largely of the Northwest, Dat t veen shrewd enough tosce to it tre of (i1l Chie bas that the comnierce of Tllinofa—her own' pecullsr interest~should be tirectly and powerfully repree wented In Congrens. more powerful “political than Illinota has Jong had s mach snllnul representa- tion 1n Loth the Sonate and thd House. Y While the 11linols detegation has peen attend- ing to national politics, it seems that the Michl- ganmembers have been bonng for appropriss tions, like ruts In a cheese, —— The French army bas recently made trinl oni large scale of a new covering for troops In the field. The small sheltertent carrled by the French soldiers has ‘been found - cumbersomo and inconvenient {n many respects, When dry, the weight of the portion of tho tent carried by cach inan is about five pounds, aud whoy wet, the canvas becomes conalderably heavier, It ta proposcd to substituto for the tent o water- proot sheet, whichshall be atthesame timolght, mpervious to moisture, and warm. Tho dimen- slons of the covering fixed by the Miniater of War ara about fivo feet threc inches by thres feet and threo laches, and the averuga welht of each sheet Is less than thres pounds, The Pail Afull Qazette thus describes the new coveriug: 1t s somposed uf cotton and wool, woven in such a manuer that tho one sidu Is all wool, the otber all cottou, - The, waterpruoing aubsiance, whicl conalats of avecially ' jirepere vulcanized jndia- rubber, §4 Iald un thi Intter side, and treatod In auch a manner thut nolther extreme heat nor ex. treme cold has any effuct upon It whlla it can be folded ot rolled up in any manner required without becoming njured. . The manufucturer of the new covering was directed to supply overy reciment taking part in the late autuma mansuvres with twenty-five of these sheets, and In every lustance, it fs bo- lteved, they were satisfactory, | e INustrating the bardships to which ocean travelers are subjected by the customs reguls- tions of the United States, the Now York Zrid- 8t A carrespondent of a London paper, heving voysge Lo Americs ae an smateur steer- ught & wpare paty of corduroy trousers jast bo. fore embarkiug, and was charged dve shillinge duty oo them when ha resched New York, because they did not scen: to nave been: worn, = We heard be other day uf & poor American girl m.wht:m 8 as about sailing homno afier a forej p, & d In Eorope made ut+ 9'ntof awllk dress. Tha garmeat was cat vul d the young Jady roposed to make it betaelt duriag (ho voyage: L 1t was not fnished when sne Jauded; the Cua: tom-Uouse exacted the fall duly (60 percant)i sug, os the youu lady could not pay, the dress waa conflscnied by tue Unlted States ¢f Amencs. Incidents like these make the returaing tourlet feel mean. In bath the cased we have mentionod the Inspectors no doubl acted according tothe regalationa of the Department, butthe regulations certaily do not soem o be i harmony withs common -sense interpretation of the atatute, which axecpts from duly *'wearing apparel In 'sctusl use, aud other personal otfcets (nut merchand! .+, of persons arriviug In the United States.” 11 corduroy trousers are not personsi eftects, what are thay? ———— ‘Tho tender and cmotional side of Mr, STonst's natura was ubpermost yesterday, and he gave to the world some passionate and symps thetic musings on the woman question, In tho course of thesa postic reveries ho observes: “The sgitation . . . has bad the effect of opening for women gates of employment." The scotence, though beaut!fal, cannot bave bocn supervised by the crammatical critic who generally corrects Mr. Srondx's productions. Qates aro employed largely by small bovs for swioglog on, and 3ir, BrousY may haye chosen 0 embalm tha amusements of bis early days o melodious prose. But If every woman were fur- nished gratis with twency gates of employ- ment,” it i hard to sce how sho would be suy better off than at present. e Deacon BirLy McKew, whose talented logs have been kicking at the Republican party ever sluce Buistow's onslauglt upon the Whisky Ring, thus rebukes a contemporury 1 nnatl Ga- Deacon Ricianp Bxiru, cfll‘.’cuon- e ) E indulges in somo ! etak-Unotd Repabl toa ‘bandy-legxod, bi fifiv 0 tha ndy-lepued, bis Loz t ithough the criti v bt god Y 0w fox bia o, it W8 SSUEIK kL lemubiican Wb B b v o8 10 ndy-lege oug] Elnmfil:fu" whon{- merely & trife weak in b ecs. Avery remarksble trial nas just been com- menced In Englaod, in which three Chisf Io- spectors and & Superiatendent of the detectire forco snd & sollcltor are the defendsats charged with collusion with thisves to defes, justice. Thov bad been comnected with the force foc several years, and had oxcelleot reputations as oficers. One of them, bowerer, fell foto the power of & band of swih througt & loan of mouey, and be gradually suc- ceeded In getting the others into & league with bim to shield thy shleves in & cectaln robberye nger, tolls of ou Knglieh imwigrant who |