Chicago Daily Tribune Newspaper, November 30, 1877, Page 4

-4 Thye Trtbane, TERMS OF BUBSCRIPTION. parties arc ns far apart as ever. - The Domo. crats havo it in their power to prolong the debate on the Kerinag caso indefinitely, or s long as their Inng-power holds ont, thero being no rule of tho Senate which permita the limitation of debato by a eall of the pro- vious qnestion. They aro now on {he anx- jons seat themselvos, being in n state of painfol nncertainty 88 to whether thoy can depend upon the vote of Judge Davis when the question of seating BouTrs, comes up for final action, By that time, judging from present appearances, Krrrooa will have been sworn in, ns Coxoves has ro- newed his pledge to vote for the seating of Kzuroaa, and in the event of Judga Davis voting against Burren, orof his refusal to vote at all, the latter would be rofected. Thin is one of tho possibilities of tho situs- tion, and it would appenr that the Democrats neted unwisely in opposing the Republican eaucus proposition. Nothing can now dis- place tho KErnroaa caso from - il procedenco over {hat of Burser in onder of considoration and settloment, and it looks as though tho Tiepublicans were once more masters of the fiold. uso oither coin, gold would censo to command its presont extraordinary valno, Instead of having the United States vainly competing with England, France, Germany, Hollaud, and Russia for gold, the supply of which is grestly below the de- mand, tho United States would b an unin- terested spectator of that strmgglo, drawing gold and silver from Enrope, not a8 » bor- rowor, but in pnyment of her murpiusex- poris, and paying her debts in coin, a8 per contract. ‘The iden that silvor will remain at a disconnt in gold for any considerablo timo aftor being romonetized is utterly discarded in Enrope, and by all intelligent and fair monometallists in this country, Tho rostora- tion of silver in this conntry will have tho effect towenkon, it not break, the gold-corner now maintained in Enrope, which i at pres- ent strongthened by the wild promise of Sec- retnry Smrayax that silver ahall not be re- monetizod, and that tho United States will resume a yoar hence in gold. TY MATL—IN ADVANCR—TOSTAOH PRAAPAID. Patiy Tditon, ond year.. 1aztacf & sedr. per month. Eunday Ed Literay Tounle Sheet.... Fntgrday Edltion, t Tri-Weekly, one sen Turtaof & vear, per month. WERRLT EDITION, POSTPAID, o tube Brecimen coples eent 1ree. Give Post-(ifice adiress fa foll, inclnding State and County. Temittapees may bo made, efther by drafty express, Tost-Office order, cr In registered Jetters, at ourrisk. TRAMA TO CITT SURSCRINCTS, L20)y, delivered, Snunday excepted, 23 centa per week. Latiy. delivered, Ennday included, 20 cents per woek. Address THE TRIDUNE COMPANY, Corner Meditor and Dearborn-sta., Chieawo, 11l Orderz fof the delivrry of Tig TRIncxz st Evanston, Englewood, and Iiyde Park leftin the counting-room ‘Wili recelve prompt sttention. e AMUSE T3, THE SENATE STRUGGLE, The Democratie conspirncy to sofze tho control of the United States Senate mot with an unexpeoted chock during tho scssion of Wednesday., The Democrats, who had on- joyod the co-oporation of ParTERsoN- and Coxoven in every volo that had been taken since the struggle bogan, thought they might count upon their apostasy throughout, and fully expected to seat Iamburg Boruen at once, Bat Coxovem, it scems, hns only ngreed to vote for Burren,but has not taken a contract for the astunl delivery of the Sen- ate into the hands of the Democrats. When, therofore, it came to o question of prece- dence botween Kerrooa's ease, reported by the Committeo, and Burren's case, on which there los besu no Committee report, the terms of CoxovEr's compact with tho Democrats pormitted him to voto with the Ropnblicans, The Chair' raled very properly that Kerioao's caso was en- titled to priority on the calendar, and the Democrats, in their pattisan greed, wero de- termined even to go behind patliamentary law, and overrule tho Chair in o decision that was obviously correct. But this was not ex- plicity stated in Conoven's bond, so that ho refused to vote with them, and oven Judge Davis refused to stultify himself by voting for what he, as a lawyer, knew to be a falso position, so that the Vicc-Prosident was sustained by a vote of 29 to 28, and Krr- roaa’s enso thus gained precedenco, Now camo the time for the Demoorats to filibus- ter. They wore thrown upon the defensive, and, notwithatanding they had beon pressing BoTren's caso on the gronnd that there had beon nnnecessary and unfair dolay in roport. ing tho Kzrrooa case, thoy then sefused to fix o day for taking a vote on all the cases, and sought by overy moans at their com- mand to provent tho consideration of rr. Loaa's case. When the motion wns made to proceed with tho consideration of the Krtuoaa case, the vota waan tie, Conoven still voting with the Republicans, ond the Democrata sought to deny the Vice-President's right to tho casting vote, although it is clearly defined in the Constitution, Failing in this, they made a desporate cffort to take up tho caso of Everia, tho Domocratic clatmant for tho Louisinna seat which remains vacant by tho refusal to admit Pivcimack. Thoro scoms to ba o gonoral concession that Evsris will bo ndmitted, and if tho Democrats could se- cura his admisslon beforo consonting to a voto in the Kerrooa case, their strongth would bo incronsed by ono voto, and with Davis, Parrenson, and Evers, they would have 80 votes against KeLroaa, as opposod to only 29 votoa for him, including that of Covoven. They could then admit Srorronn, tho Democratio olaimant for Kerroaa's seat, and thus assure the admission of Bornen, which would give them a permanent masjor- ity of two in tho Bonats, or 39 Democrats agoinst 87 Republicans in tho full Senate. But thoy had lcst their grip on Coxoves for {ho time belng, and were unablo to can"y out the projoct for which thoy had fought so desperately. ‘Whatevor the final result may be, the dis- roputablo: bargaining of the Democrats to guin control of the Bonate in an illegitimate way cannot but have loft its impress upon the public. It has demonstrated that the chiaf aim of the Democratio party s to gain power withont reference to the mieana wheroby tho advantasgo may be se- cured. When mon resort to disreputnble methods to attain power, it is riot reasonable to suppose thot thoy contemplate uaing that power for patriotic purposes. Tho state- 1ment made by Bex i in thoe Senato, to the effect that he would give no countenance to any effort to revive the Relurning Doard disputos, indicates that o Democratio wmnjor- ity in both Honses will not be abused by ooy concerted effort to substitute TrLpey for Hayza; but nevortheless, when certain Dom. ocrats, who have stood bofore the country as patriotic and honorable men, become parties to o scheme of bribory and corruption, such ns offoring Immunity to ParrersoN for his vote, there is little hope that Democratio supremaoy in Congress will be used for nny ligher purposs than a partition of spoils and cnginoering of jobs, McVieker’s Thentre, Madison street, between Ftate and Dearborn. *Lillian, or Woman's Last Lave,” Mesdames Don, zoncall, ete. ; Messrs. Wheelock, Learock, etc. THE PRESIDENT ON RESUMPTION AND BILVER, Publication has beon made of what pur- ports to be that portion of the forthcoming meossage of the President which relates to specio paymonts and to the restoration of silvor coinnge. Assuming this publication to bo substantially correct, we have, then, sn intimation of what tho Presidont conceives 10 bo the propor policy. In rolation to spocio payments he meroly ofirms his own well-known opinions ox- pressed 1n tho Ohlo campaign in 1875, in his letter accepting the nomination for tho Pres- idency in 1876, nnd in his inaugural address in March, 1877, All theso were gonerally in favor of such an improvement of the cur- rency a3 would re-ostablish specic values. Ho ngnin commends the policy of reaching specie payments ond sub- stitating a redeemablo for an irredeomable paper currcnoy, axd he cxpressos ibe con- vietion that any hesitation in purposs ov chango in methods, so far from avoiding or reducing thoinconveniences inseparable from paper to coin payments, would end inserions disorder, dishonor, snd disastor to the finances of the Government and of the peo- pte. All of this means that tha President opposes nny changoe in tho Resumption law, oither a8 to the date fixed for resumption or the manner in which tho attempt to re- sume will be nmdo.' The President considers, however, that thg readjustment of our coinago system by the remonotization of the silver dollar, thongl a subordinato question, has an im- portant relation to that of resumption of specie pnyments. Tho President premiscs his comments on this sabject by saying: ¢ As there is no doubt of the power of Con- frress under the Constitution to coin money. and regulato tho valuo thereof, and as this powor covers tho whole range of authority applicable to tho ' metal, tho rated valuo and - tho logal-tendor quality which shall be adopted for the coin- 'nge, tho considorations which should in. duco or disconrnge a parlicnlar mensure con. neeted with the coinage delong clearly to the province of Lgislative discretion and of public erpediency.” 'This is o clear conclusion that the mensure of remonetization of silver is not ono on which there can be any constitu. tiona! doubt, but is ono purely addressed to the diserction of Congrosa, in which case, ac- cording to all precedent, tho Prosident has never jutorposed bis veto to defeat the pop- ulnr will. The President adds that he does not balievo that tho interest of the Govern- ment nor of the poople would bo promoted by demonotizing silver, 1le, however, feols it to be his duty to recommend that, in any action on this subjeot, it should be borne in mind that thoro Is a vast public debt held abrond nnd at howe, aud the nature of any uilver-colnage mensure becomes of tho highe cat concorn ; and ho advises that, s tho obli. gation of the public faith transcends all mat- ters of profit or public advantage, tho yomonctization of silver should not in any way discredit our good faith, The plain 1neaning of this is, we suppose, that the President, in defcrenco to the opinfons and extravdgant theories of tho Heerotary of tho Treosury, advises that Congress, in making the silver dollar a legal. tondor, shall sn somo way except it, ns the greonbacks aro nmow excepted, from pay- monts of tho principal and futorest of tho public debt, No bill for the remonetization of silvor thus restricted can pass Congress, and no such bill ought to pass. Tho Preaf. dent docs not venturo the assertion that the public debt, principal and interest, fs not payable, according to the terms of tho con- tract, in silver or gold coin, at the option of tho Government, The Bocretary of tho ‘Frensury in his most fanciful moments has not denied the legality of paylng the deht in gold or silver, undor the contract, though he has in a somewhat undeflned way ox- pressed on opinion that it would be a breach of public faith to pay any portion of the debt in silver, Wo think the Becrotary ot one time was willing to moko - silver dollars a logaltender to the sum of §50; he has now perhaps ad. vauced so far'as to consont that silver dol- lars shall ba o legal-tender in payment of all debts excopt the principal and interost on tho national dobt, and the President, with. out putting this rccommendation in words, suggests to Congress the advisability of ovoiding any breach of the national faith. ‘The Presidont avows Limeelf opposed to es. tablishing the gold standard exclusively, It there wero no public dsbt, he would favor unlimited coinage iu both silver and gold and 1naking them legal-tonder, and, whilo he comunicated his views on the goneral sub- joot, he frankly admits that the whola busi. noss {3 ono exclusively within the discretion of Congress, as ropresonting the will of the people! To tho exerciso of that discretion on o question involviog no ustter of consti. tutional power, uud one purcly pertalning to legislation, there is an implied assurance that the President will interposo no Exocu. tiva prerogative. If the friends of an exclu. sive gold currency can find any comfort or oconsolstion in the views of the Prosident on tho silver question, we will bo much mis. o, ilnoley’s Thentre, Randoloh atreet, between Clark and LaSalle. **Rtruck OI." Meadames Moore, Emith, eto.j Messts. Moore, Suilfran, etc. ilaveriy's Theatres Monroe steeet, corner of Dearborn, **The Danites,” Mesdames Tianchard, Goldihwaite, ete.y Mesars. flans Kla, Adrick, ete, Collsenm Novelty Theatro. Clark street, hetween Tiaadolph and Washington. Varlety performance. Afternoon sad evenfog. SOCIETY MEETINGS, ORIENTAL LODOE, No. 33, A, F. & A, AT.~Ital 121 1.adalle.st.—8pectal Communication (Friday) ¢rening L7 velocx for work om tue F, C. Degree, Yisitars condinlly tnvited 1o me=t with o iy pder o the Master. E. N. TUCCREHK, Bec’y, 1877, FRIDAY, NOVEMBER 30, Cable advices indicate plainly that the Pope is passing through a dangerous crisis, with scarcely moro than a possibility of ro- covery. In Vienna information is received tliat hio is nlmost in his last agony, and the roports from Roma aro of a confirmatory character, Yesterdny was very largely Thanksgiving- Day to the Chinese in Ban’ Francisco. Tho Celestials witnessed tho day and the work- §ngmen's procsssion froa tke tops of their honses, whore tho steam from the frying rodent ascended lodon with odors that made Joun’s heart leap ond his stowach yearn for dinner-time. Tho laboring mon's proces- sion was a complote success. Somo 7,000 perrans paraded the stroots, and not a single lawless act is rocorded. Thero is Jittlo to ba smd regarding tho manuer in which Thonksgiving Day of 1877 waa observed that would not bo true of the- patne nuniversary for years past. In Chicago the churches very ponerally celebrated in couples, and fonnd the arrangemeut mutual- 1y agrecable; whilo the numerous charitablo institutions had occnsion to thank thought- ful friouds for tho wherewithal (o givo thankv. Throughont the country genernlly, and ever: at the South, the comfortable cus- tom ot New England had tho usual propor- tion of observance, . Incidontal to tho generul observance of Thankagiving -it s jsteresting to recall the peeulinr characteristicy of the early Pasitans. A lotter which wo print this morning gives o racy outline of the rare old book, written by Aho Rev. Basvrn Perrms, in 1781, and lately reprinted, o **Geueral History of Con- nectiout.”’ Tho 'Rov, Bawozn had a vory poor opinion of the Bluo Laws and the people who framed thom, and, baving in mind the contrast botween the celebration of Thanksgiving ns it must havo beon in thoso tiines and tho manper in which tho day was kept yoslerdsg, the prosent gonera- tion will very cordially agreo with tho quaint old histriographer. There ig in progreas at Halifax nn im. portant movement iu which Ohiengo is par- ticulnrly intercated. The business men of the Nova Scotian metropolis have under. token wmeasures calcalatod to serfously affect tho distribation of grain and other ship. monta from Atlantio ports. At a publio meeting held yesterday, 8ir Heon Antax offered, on coudition of a reduction of pilot. ago rates in Halifax Harbor and of the prico of slip stores, to sccopt froight ‘on through bills of ladiug and carry it from Chicago to Liverpool at the eamo rato ns by way of Portland. Thera is scarcely s doubt that theso conditions will be complied with, and that befars the winter fa' over Halifax will have begun to ship grain on the new plan, An interviow has beon had between Mac- Mamox aud Grevy, the President of tho Chamber, in which the Marshal gavo assur. auco that apprehensions of & coup d'elat were baseleas, and that neither the existenco nor the functions of Parliawent wera in danger, Ho refusod, howaver, to nssont to 3. Gaevy's arguments in favor of a Government in harmony with Parllament, and the Intorview was not satisfactory. The Avniteur, how- ever, which assumes lo speak with author. ity, proffers an olivo bronch in the form of a declaration that, if the Ohamber will voto the Budget, the President will meet the Loft half way in the formation of a now Ministry, on the basiy of conciliation snd a batter uunderetanding, It is not likely that the Ropublicans will be willing to first doall that §s wanted of them, thus forfeiting their present advantage, and thon trust to Macla- uox's idons of what a **Parliamentary ro- giwe " should be. From recent formal declarations by Lord Deuny, in reeponsoe to a deputation which walted upon him to urge that England inter- veue to avert the danger which threatens Constantinople, it is evident that no imme- diate’move in that direction is contemplated, and that England is fully persuaded that Austria caunot be depended upon as an ally fn any measures Jooking to inter. vention. Beyond the roiteration of a8 former declarstion, to the effect that Eugland will not cousent that Constantinople pass fnto other hauda than thoso that now hold it, Dervy had nothing to say about the future polioy of the Gov. ernment. His refusal to take any notice of the suggestion of the danger of a pesco boing srrauged botween Russia and Turkey withe out consultivg England on the subfectis complained of by the Standurd, whilo the TYmes and Dailly News expross unqualifiod spproval of Diesy's declarations, The compromise proposition of the Re- publicans—that & volo be takon to-day on the three contested cases in the following order; Krriioco at 2 p. m., Burizs at ¢ p. m., Evsris 8¢ 8 p. m.—was refvcted by the Democretio cavcus, and tho Senato ses- sion of yestorday was in copsequenow pro- ductivo of nothing but dsbate, and the two THE CANADIAN FISHERIES AWARD. The Commission sppointed by the Treaty of Washington to ascertaln tho monoy value of the fsheriea concossions made to the Uunited Htales by Canadn finishod its work ot Halifax & fow days since. The British member of the Commigslon was Bir Atxx. axpze T, Gavr ; the United States were rep. resonted by the Hon. Ewsiax H. Kxrroda, of Masunchusotts; and the umpire, named by the Emperor of Austfia, was Mr, Dxx, Foass, Belglan Minister Residont at Washington, The decision was virfually made by tho nm. pire, tho vote of Mr. Ksiroaa being withe held. In view of the result, it is unfortu. nate that a Belglan was chosen to pass upon the question, for it is notoriousthat Belgium has been aince tho Troaty of Ghent under & British protectorats, and the sympathies of a native of that country in a dispate of this description are naturally with Groat Britain, The motives of tho umpire will not be im. pugued by anybody who knows of his char. scter, but his judgment may not have been unbiased, as ho intended and desired it should be, ‘The award is & bulk sum of $5,500,000, to be paid by the United Btates to Cansda with. in o twelvemonth. This is in oconsidera. tion of the privilege conceded to the fisher- men of this country, for twelve years from the date of the Treaty of Washiugton, of fishing anywhere in the salt watorsof Canads and tho Gulf of Bt. Lawrence, without regard to the three-miles’ imit established by the practice of civilized nationa, In estimating the valus of ths priviloge, two circum. stances must be kopt in mind. First, that & large past of tho deep-sea fisheries in which " citizons of the United States engago are out~ sido of the three-miles' limit, and therefors do not affect Canadian interests. Our coun- sel before the Commission, Judge Fostxs, de 'Tho President’s objeotion to the repeal or odiflcation of the Resumption law, point. ing a8 it doos to the defeat of sny logislation on that subject-at this time, is not so im- portant as it would be if there was not a promise of silver coinage. As this paper bas repeatedly shown, sy attempt to resume specle paymonts in gold must prove a fail- ure, and, under al} the circumstances, e dis- graceful one. But resumption in gold, with 10 other money than gold, is quite & differ- ent thing from resamption with the silver dollar restored as e legal-tender. Resump- tion uunder such circumstances' would be comparatively easy., In the first place, by giving tho Government the option to clared his belief that not one-tonth of tho mackorel caught by Americans in the Qnlf of 8t, Lawrence wero taken in-shoros. For the purposes of argnment, however, he con. ceded tho Canadian figures, which placed the in-shore catch of the Amerlcan fishormen at onc-third of their total. The total amount of the Mnssnchusetts, Mnine, and New Hampshire inspoction for the yoar 1873 twas 210,039 barrels. Of this total only 79,211 barrels wore caught by United 8tates vossels in the Gulf of B Lawrence, and only 26,404 barrols were eaught in Dritish territorial waters. At the average price of #3.75 per barrel, the priviiege wos ,worth to the United States that year only %97,016. In 1874 the privi- loge was worth, on the samo basls of reck.. oning, 70,061, The roturns for 1875 and 1876 hiave beon withheld by the Cana’dan anthorities, but it is admitted that tho fish- erios for thoss yoars wero failures. 'I'he averago valna of the privilege canrot be 275,000 per annum, yot the award of ££5,500,- 000 for twelvo yeara assumcs that the an- nual bencfit to the United States is §458,« 833, If tho judgment stood alons, withont any other modjfying fact, it wonld bo proposter- ously unjust ; but thero is 8 second point to Lo considered. By way of offsot to the con- cossion of Canads, the United Slates sgreed, by tho Treaty of Washington, to admit Canadinn mackerel to this country free of duty., Tho duty previously was 2 per bar~ rol. By virtue of the rubate, tho United States lost in customs and gave to citizens of Canada $181,778 in 1878; $170,380 in 1874; 915,076 in 1876; and $163,076 in 1876, These figures, both those relating to the nmount of fish caught and to the robates, are ofileinl ; for the botter cornprohonsion of them it is worth adding that tho mackorel fishorion in dispute. shown to have given in robales more than twico what Thoy have given in addition to Cauadian fishermen the privilego of fishing in our waters north of the thirty-ninth dogreo of Intitude. limits arosaid to bo ns valuable as those of Cannda. summed up by him in Sive points, viz.: First, aro tho only ones of value The United States nro thus thoy have reccived, Our own fishorics within theso Judgo Fosrem's argumont was that the province of the Commission was to cstimato the valuo to inhabitants of tho United Statos of now rights accorded to them by tho Troaty of Washington; neo- ond, a0 no fishorios which the TUnited States do or can advantageously pursue; varions incidontal and reoiprocal advantages of the treaty, such as the priviloges of trafic, purchasing bait and supplics, aro not the subjects of compensation, and aro far more valuable and important to the subjects of her Majesty than to citizons of the United Btatos; fourth, that in-shore fsherica along the coast of tho United States, north of Lat. 89, aro o8 valunblo as those ndjacent to the Dritish Provinces; fifth, that the right of importing fish and fish-oil into the markots of tho United Btates 18 to Dritish subjects n boon amounting tofarmoro than anequivalont for any and all the benofits which tho troaty has conferred upon tho United Btates, All these propositions were enforced by argu- ment and illustration sufficiont to convinco anybody willing fo bo convinced by such menns that'tho United Statos ought not to puy Canada one porny under tho treaty, that within those limits thero oxcopt ' for mackorel third, that the The award will be considered unjust by mnost of tho citizens of tho United States ‘who have knowledgo of the faots of the cnso; but there will bo no disposltion to evade the poyment of it on n techuical protoxt. The troaty does not contemplate tho disagroe- meont of tho Commisalon, and it is thought tho withholding of BMr. Kenroao's vote might successfally bo plended in arvest of judgment. But unless it shall be perfectly apparent that this plan not only may but ought to bo advanced, the payment will Le mado within the specified time, Thero will be in any ovent a largo unappropriated sur. plus of tho Alabama award of $15,000,000, whioh may be used for this purpose. The question of returning the surplus, amounting to nearly two-thirds of the wholo, to Great Dritain has alroady beon ralsed. - Perhaps tho roturn conld in no way bo 0 successfully nocomplished as' by the payment of the fisheries award. onoe dispose of tho vexed insurnncequestion, and of all other difcultios arisiug in the dis. tribution of the Gonova award, while it would orablo the United States to do ita part in sustaining the principle of arbitration without {oo sovere a tax upon the Trepsury, These, however, are considerations to ba viewed moro fully when the report of the proceedings ot ‘Halifax i3 roceived at Washs ingtoun, liow far arbitration has been oncournged by tho Goneva awnrd and tho Halifax award under tho Treaty of Washington. Iv any event, it will be a sourco of congratuation that all the disputes referred to the ten Commssloners at Geneva aro at last Qisposod of without war or the prospect of wyr, ‘This settloment would ot Wo shall then bo able to determina ——— THE VALUE OF WESTERN MOD.TGAGES. We have. advices that the artic\es printed by the New York T'imes maligniug Western credit, charging fraud uwpon the ontire olass of loan-agoents in the West, and predicting a general collapso of Westorn mortgages, have had the effoct of creating conniderable alarm among private capitalists in the Eastern and Now England Btates who have mouoy loaned on real-atats socurities in the West. ‘This offect, in times like theso, was almost sure to follow the publication of any statement im- pugning auy line of crodits, There is but little confidenca in any class of investments, and mon who bave means are coustantly ap- prehenalve of material shrinkage or total loss, Everybody is in a frame of mind to give credance to any rumor affeoting the credit of either individuals or corporations, and oven general and palpably maliclous state. ments, such as the Now York Zimes has printed about tho entire clasa of mortgages on cityand farm property in the West, excita the apprehension of monoyed men who do not stop to analyze them, and hence fail to discover that no facts havo been cited to war- rant them, These'gencral libels have been answered by the gitation of the detailed ro. ports of several prominent loan agents in the West, which show that, in spite of the uni. versal shrinkage (of values, the foreclosuro of Western mortgeges is the exception in. stead of the rule, and that, even in ovent of foreclosure, tho security usually yields the full amount of the morigage, excopt in cases whaere there is connivance between the mort. gageo and agent to sell the property obscurs- ly at a sacrifice, in order to hold a judgment for the difference over the head of the mort- gagor. i Among tho other evidences that bave come to us of tho exceptionally good charscter of "Weatern mortgages is the statoment of the Ztoa Life-Iusurance Company, which has nesrly $10,000,000 invested in mortgages, fully one-balf of which are on Iows farms. THE CHICAGO TRIBUNE: FRIDAY, NOVEMBER 30, 1877. Out of 5,791 mortgugon, nggregating $9,743,~ 607, and averagitiz $1,682 cach, thero were only forty.thres loanw at the fime of the statome at on wirich tho interest had becoma due anct romained unpaid; of those in ar- roavs, rnany heve since beon paid, and all woro f ound, wpon inveatigation, to be amply socurad. In fact, tho presumption ia that, in oll ormes wharo the interest is paid promptly naft. falls dao, tho morigaged proporty Lian ® g roater value than the amount loaned npon ity otherwise the owners of tho property would pormit it to ba sold. It doos not fol- 'ow, however, that in all cascs whore inter- cst or the loan fs allowed to mature withont payment the proporty has depraciated below the value of the mortgnge, for husiness ro- vernes and the misfortunes of hard times froquently forco men fo sacrifice property which they won!d carry it thoy could. The fact sooms to be that tho gonernl deprocin. tion in tho values of roal property is loss in the West than jn tho Enst, and especially smallor in Ohicago thau in any of the prom. inent Enstorn cities; also that the higher | rates of interest paild onm Weslern loans affords such a margin between Enstern and Westorn mortgages that the depreciation of tho Westorn securities might be larger than that of Eastern socurities and still leave the income from tho Westorn fnvestments larger than that from the Eastorn invest- ments, Those who aro engnged in the West in loaning money for Eastern capitalists and corporations will do well to countersct the mnlicious libels on Western investments by privato letters and reports, and by forward- ing to thefr Eastorn correspondents a resume of the various facts cited by Tnz Tainuxe in & number of articles, ————— THE QUESTION OF HONESTY. Thoe Now York Bulletin, discussing the #incongruities of the 412}-dollar,” argnes that thera is n most doplorable inconsistency in advoeating the coinage of the lollar of 412} grains of silver. This inconsistency is found in tho fact that if silver -be restorad, as ig gonerally couceded will bo the ense, to its ordivary value, thon the American silvor dollar, having tho ratio of sixteen ounces of silver to ono ounco of gold, will be worth 103 cents in gold, and, being moro valuablo as ‘bullion than as coin, will be exported, loaving gold, the chonper coin, then in general use. Consoequently, it is argued, that the * silver peoplo” do not boliovo that the valuo of silver will bo rostorod, nnd that there is no dangor of ao oxport of silver; or, that thoy rire indifferent whather it shall beoome moro “raluable than gold or not ; or, that they have not sofficiently considerod the working of tho moasuro of romonatization to know what will bo the effeots. It then, with the usual insolenco of tha gald.lucl!un, adds: In teuth, the ‘*‘dotlar-of-the-fathers® party have two scts of arguments, one for thelr op- povents, the other for their fricnds, and either one eals tho other up, They tel) the opponents of ro- monctization that thelr bill wvould rostore silver to its former relative valuc, and that consequently (¢ coulddono injustice to the creditor class; and they assuro sho Western and Southorn people that tho bl)! will onable them to pay thelr Enstern creditors in & cheapor currency than gold or green< backe, whichh necessnrity implies that aliver will not recover it value. Begond all possibility of denlal, there {a either dishoncsty or lamentable confurion of ficas in this mothod of sdvocacy that the silver donders are bound to explaln betore takingono step farther in tholr domand forthe ndontion of Mr, Draxo's bill, Ouo effoct of tho demonotization of silvar ia to redaco tho quantity of motallic mouoy in circulation, nnd to incressu tho value of what moy romain, This is & plain an d sim- plo operation of trade, If tha supply of all forms of breadstuffs excopt whent wera cut off and prohibited, and the product of that grain boing lunited and inospable of increase, the vnluo ‘of wheat wouldd incronse 'in tho proportion of tho incromied demand for its limdted stock, 8o if sibver be demonotized, ond the nmount of metallic money in the world’s use be reduced one-half, then tho valuo of the gold will be incrensed in pro- portion to the incronsed domand for fit. ‘What the *silver men" ave malnly trying to prevent is this farnine in metallic 1oney, caused by the extinction of silver, and the oxcessivo value given to the wholly insuffi. clont stock of gold, in which the debts of al} pooples will havo to be paid, and for which the croditors hold mortgngoes. DBrend at fam- ind pricea ia but of slight encourngement to the starving; and gold enhanced in valuo, by being made the exclusive monoy for pay- ing ebls, means conflacation of proporty and destitution to those who are in debt. The. man who borrowed dollars worths* 80 conits will find it hard onough to pay thoe dabt in dollars worth 100 conts; but when it %s proposed to so reduco tho logal metallic mouey of the world that guld will purchase from 26 to 40 per cent more property than it will now, nnd dobts are to be payable only in such gold, the protest does not imply “ efther dishoneaty or lamentablo confusion of {doas," Tho only modo open to arroat the conspir. a0y to give gold a Inrgely-increased valuo by making it the cxclusive money of the world i8 lo ingfut that silver shall not be domone. tized; and tho fist thing to bo doneis to remody the frandulent demonetization of sil- ver by the acts of 1873 and '74, Itisalto. gother probable that the remonntization of silver Ly the United States will havo the effoct to advanco tho value of silver s bull. fon. Buch is the effoct expoctod from such legialation in England, and such is generally expected fn this country to bo the efluct of pasaing the Bilver bill, W ith silver thus ad- vanced to par with gold, -the extraordinary valuo of tho Jattor coin will cense, Thu ox. istonce of tho two mdtals both in uso ns monoy in the commerce of the world will bo an effectual preventivo of any such famine in . motallio inoney as ia now 80 earnestly advocated by the gold faction. Tho prevention of the sweeping revolution in tho values of land and of all othor property to be coused by making gold the exclusive moneyof the worldis, we think, an all-sufficlont reason for having sllver re- monetized, no matter whether tho present valuo of & silvor dollar is U2 centa or its fa. ture value bo 103 conty, Tho monetization of silver is necessary to provent such an ad- vance.in the valuo of gold as will resultin the conflacation of all the property of the wholo debtor popplation ; and todomrand that silvor be remonstized under such circum. slances does not raise the presumption of dis- bonesty or ignorance, . It silver should, as an effect of the remon. etization of the silver dollar, advance from 55 pence to 59 pence per ounce, then the silver dollar will be at par with gold; if, however, it should advance to 60 or 01 peuce per ounce, as before demonetization, thon the silver dollar will be worth more than the gold dollar, and that it will bo exported, s bullion and gold come into circulation agaio, is very likely. Will it bo dishonest then to propose to pay all debts in gold, as this country did from 1834 to 18731 Is it not the right of all nativus to protect themsclves sgainst fluctuations in tae value of the pre. cious metals by making debts paysble in the cheaper motal? Prior to 183¢ wo pald our debts in silver. d of our gold coin, and then for forly yeara paid onr debts in gold becanso it was tho choaper metal. And so in the faturd, whether gold or silver be'the cheapenr, the chenper coin will bo used to pay debls, par- ticularly whon by the contract the deobis are payable in eithor ooin at the option of the dobtor. — TROUBLE IN THE SERAGLIO. A dispatoh printed .in the Iast fssuo of Tur Tarmung, from Constantinople, statos that the Council of War which has hitherto had the supromo direction of mili- tary operations is to bo transformed into a merely deliberative body, under the Prosi- deney of Muavara Pashn, the Ministor of ‘War, The effect of this will be to transfor the dircction of operations to Musrara from Mamtovy Damap, Pasha, who was tho most prominent mombor of the Conncil of War. ‘Tho current filos of tho English papers sup- ply tho prolimmarics of this .important action, and they are of more than ordinary interest ns part of the history of the war. The popular unensiness in Constantinople with regard to the conduct of tho war began to show itaclf publicly Nov, 7, when placards were posted in Btamboul accusing the Gov- ernmont of having secret negotiations with the Russions to cohclude o disastrous pence, and calling upon patriots to kil Mamsovp Dayap. The placards woro torn down, bnt that night on attempt was made to polson Mamoun, from which lhe narrowly escaped with his life. On the asmo day it was mado publio that the Bultan hind dreamed that the Prophet Manomer ap- peared to him and warned him'that the safe- ty of his throno and his religion depended upon his making peace. . Thereupon tho Bultan wont to his first aatrologor and found ihat ho also had had the same vision, The coincidonco was -doomed so important that tha Bheik-ul-Islam narratod tho story in the mosques, 8o 08 to prepara the public mind for poaco, On tho 8th of Névomber full- fledged conspiracy to dopose the party in powor was discovered, the motive being to makae politioal capital out of the national re- verscs, and elovato thase who wero in favor of peaco. Tho reapoctive loaders who were opposed to each other in the struggle woro Mamiowp Damap, who was in favor of war at any cost, and Nusr DPashs, who was in favor of peaco. Both aro brothers-in-law of the Sultan Aspun Hasno, ng woll ns of tho ex-Sultan Muran. The poace party hnd the advantage becanso the Sultan i porsonally in favor of peace, and they also worked upon him with tho pro- tenso that the movements of the war party woro inspired by the ex-Sultan Munap with the view of regnining tho throne, The poaco parly scoms to have been partinlly succossful, for they have accomplished two very important results. First, they have 80 Influonced tho resolution to send to the sest of war the largo regular forco of troops still in Constantinoplo that they have not yet been dispatched, although an order had booen issued for the mobilization of the Homo Guard to take their places, Second, thay have secured the removal of AMamstoun Damup, who was a radical war ndvoeate, and hod suprome command of operations, and trapsforred that command, not to Nuat Pasha, who was evidently trying to ebtain it, but to Musrara Posha, tho pressnt War Ministor, whose vlews are known to ho in accordanco with the Bultan's, As nresult of the conspiracy, tho peaco party may bo considered to bo in tho ascend- ant, and this may accouut for the dispatch sout o fow days since from Constantinoplo, that the Bultan would soon propose terms of pence, and that ko would nogotiato por. wonally with the Czar without roferendo to England, which is only anothor proof, in addition to that furnished at the closo of the Oonforenco, that Turkey holds England in soverciyn contempt for hor rafusal to help Lor out of her troubles, 8o far as the war itself is concerncd, the functions of tho now war power nro barren. 'The tolls are gather- ing rapidly nbout the dovoted Turkish batch. ors, Tho Asistic campalgn is substan. tinlly over. Iu Europe, the Czarowitch holds Buienuan Pasha on the right s0 complotoly st bay that lhe s pamalyzed. On the left, Mrmoser Avtis not ouly pravented fromndvancing, but 4 threat. ened with attack, while the vast army of the Grand Duke slowly narrows its olrcles around Plevos, Moeanwlilo, another Rus- sian army has turned the Balkans and iz al. roady threntening Bophia, the terminus of tho milroad from Constantinoplo, thus ex- posing the Capital itselt, The objective point of all those mavements ia Plavna, and, whon that fortresa fally, it will Joave the Ruasians master of the situation, with a par- ty in powor in Constantiuople in favor of peaco. It is not improbable that the prof. for of peaco may como befora the Now Year, Its permanence dopends upon how far -En- gland may consider tho Eastorn question compromised by its terms, If Rusala ad- hores to fts originsl proposition, Eugland caanot intorfore, 1f she does not, but secks such territorial aggrandizemept ns may ap- pear to England to threaten her Asiatio supremacy, England may interforo—it sho can find an ally, - A very semarkablo h;;nnn, Mrs, Buonsox - Arcorr, died at Cdncord, Muss, on Bunday last, In ber 77th vear. Bhe leaves three daugbters, who nave already mado thotrmark in the world, Mrs, PraTr, Miss MARY ALcoTT, 8 promising artiat, and Mlss Louisa Arcorr, the author of so many delightful books for little people. Tho Springticld (Mass,) Repudlican says of her: Mue. ALCOTT Was & wormsn of the bes England stock, and of yemarkable sweotn: energy of tharucter, 1ler celubrated daug) who thuch resewbles fher, bas mora than ouco slrawa her mothor's piciure fn her books, Sho was loug connected with unvalpulu canses, and chere 10hE4 the porvecatud opiatons of the abolitiontats, tue transcendentallsty, the friends of wowan suf- ris d of wany uthor eoclal reforms. But sho or wantiug 1n ber domesiic duties, often e d depressing. 8ho endored poverly with spiriy snd pationce, she sharod the hears of n‘;candupe ent upon ber, when hur own was oftun sorely tried; and she supvorted her busband LT piaona. B0 1ha gchile PMIOIphY 1 A ?:!:l:'n")‘:- u’- ont fato tho world o teact. e li2d ——————— Congressman BiENTANO bos developed 'an original mothod of getilug the best of Pmiy Hoyye and Judzs DiunsoxD. The honorable gentieman has fotroduced a blll repealing the special taxes on retall dealers In tobscco aud clgars, which wilt cut off a large stice from Mr, Hoxnz's fees, and, as this repeal will affect the rovenuc waterlally, Ay, BREXTANO proposes to make the whisky men pay the ditfurence. This e calculutes will lead to more crovkedness and ralds which will in the end serve to compel Judge Duysmondp to work s litle harder, and thus with one fell bill Mr. BuENTANO crushes all hbls cuewmies. " ————— Thoy have & pleassat way of dlsagreciow smong themselyes on the Omaba Jndepandunt, it appears that the editor thercof snd tho muslcal critie eotertatned different views upon the merits of the K»LLoGa-CakY concert, whereupon the editor turows himself upon the public with the following cheerful anuouuce- ment: ‘The musicsl and dramatls critic of the Jndepend- eat, Ms. Evwano Furissuosy, diffcrs with the editor {0 some zespects 1a regard L0 sae Kxtlogd N"dv Then wo rednced the valne | concert Inst night. The ceitlciams ho makes o the performances are Juat, but o hold that o, are fncxcnsable 1n Jerson coming before the e 1lc s firat-clasn artista. 'To let the nusilc seh that possibly can he 1N in TASOr o those whe wo claim made § failuce, we publish {tas farg® €d,—8 Kd. Indenendent. ' The futroduction of the $-mark Is efther 1 typographies) error or fntended to denote thy the author of the paragraph fs tho financy cditor of the paper. Be that as ft may, ha nuy. lishos the criticlam which oxtols the troy while his editorfal page denounees the wholg business ns a frand, and the performers ay of the,second-class minatrel order. Generally tiy term Independent means an ‘abstomiousnes, from taking any side of & question, but In ty), imtance it apprars tomean s violent espouss) of ot sides, e ——— Tublic taste in musleis eimply unaccountablg, There Ja probably not an opera-goer who re. nembers that Bianca DoNADIO onco sang iy this city In MarcuErTI's opera of “Ruy Rlag, She made single sppenrance to n beewnrly array of empty neats, and her. singing did noy provoke aaingle haod to applond. Yet g same Donapio recently sct the Florentineg wild with cnthuslasm, nod 18 now golng iy Rome, where she will receive an ovation. Iy will alsv be remembered that ALpan: scarcely created a ripple of enthuslasm in Chicago, and yet to-day she {8 ronked ns one of the very besy singers in Europe. ——————— Judge Paxsoy, of thu Supreme Court of Pennsslvants, o Ropublican, has custed Guongy WaLTER, 2 Republican, from tho Blirlevalty of Butler County, for having obtalned his placo by corrupting voters with moncy. . Under tho Re. publican Constitution of that N¥tate Lo lsalsg disauatificd from ever holding an ofce of honor, trust, or profit in the State. The Domocratic party professcs to Lo a porty of reform. When did it ever Institute a reform of thiskind t 1t witl hardly bo slleged that (¢ never Ladea opportunlty. | Utlca, N. Y., having exported two great men, {s now reaping its rewerd (o imvorts. Aunen- terprislng undertaker has secured a competent and superior hearso, which is described by the Terald of that tawn as **finfshed in heavy biack, with masslve plate-glass sides and euds, hut the running part (s neat and Jight.”” A great com. votitfon has arisen among the Utlcans In the potronaga of this officient instrument, which, wa are told, *has boen {o demand almost con stantly since its arrlval.”? i e — e 1t ParTensox would reslen, his frionds would bring strong pressure to bear upon Gov. Hadti TON {0 sppofut him Warden of the Bouth Caro- Mina Penitentlary. [lo would, it the laws are promptly executed In that State, be always on hand and In a position to know what is neccs sary for tho comfort of the prisonerd. 1t Is claimed by the New York Herald that it 1t had kopt {tsstorm warnings at home {nstesd of sendiog them to England, the Huron would still float, Through a serfous error tho supply on hand was miscajeulated. Great paper’ that Iterald, and one of the most sonsitive weather cocks In tho world, ————— Mr, BnenTano is a modest Ropresontative. o says: **1 bave o few billa beforo the House. Iguces two of them are fmportant.” Mostof our Congressmen in thls degencrate day would have unblusbingly sasumed to know whether or not thetrbills amounted to anything. There is room for a suspicion that Mr. Bax Tiomx ond Mr, Tox HEnDRICKS have recons ciled tho differences heratofore oxisting botween them, Tox Is locturing on '*Revolutlon,” while 8aM is holding bimself up as the frightful oxample. 1t now appears that the conciliatfon pollcy Is tobe carrea into tho smallest detalls, The President’s message, with accompanylng docu meats, will be furnfshed the evening papers tirst. 1t {8 scarcely probable that Judge Davis will goback tothe Democracy before tho ButLEa casc [s deflnitely acttled. - It takes him longer to turn over than any other man in tho Senate, . Mr, ¥RaNE RANDE has.such ,a bisten. hintyed for penitentiarics that it would be a rank fnjus- tice to commute his sentence to imprisonment for lifo {n the event of his convictlon. } t # ? | . Boston is impresscd with tho opinton that the spreading popularity of baked beaus through- out less cultured citles orlginates in 4 snobulsh desiro of the people to ape the aristocracy. | Scnator Bnanox to hls brother Benators: *1 am as good a Republican as any of you, Afn't 1livivg up to the times] Aln't I ‘o yerof'"! t That stubborn gentleman kuown as the Presl- dent of the Senato appears to haye cast the Democratic mulo by his little vote. } Wo would call Mr, FLarxs' attention to the fact that it was au Illinots and not an Ohlo man that did it. | Now ho substitutes an **m? for an “n," and 1s known as Coxavyas. PERSONAL. Gon, Grant unmonnlnb!yllklppud Spaln, and went to [taly. Mr, Bharon has drawn $450 for every day he kas spent In the Benate, Josoph Cook is not drawing as largely in Baston os he was last year, % Miss Rose Eytinge is acting Cleopatrs ad the Droadway Theatro in New York. Tho dinner given to Gen, Grant by M. Bicxles in Parls 1s described as **a brilllant af- fafe," Joseph Jofferson's oil palnting, * Forest and Streaw," has begn placed on exhibition i Now York. . ¢ The negro minstrels in -New York Lave golton hold of ** Helen's Dabies,” and arc making Rood use of them. . 'Tlio President and Mr, Evarts will attend tho annual dinner of the Naw Engtand Sacloty 00 the 22d of Decombar, Miss Bmith, daughter of Lord Bescons* flold’s frst Lord of the Admiralty, has passed tho blgbast examigation at the Oxford ** Local." Phillips Brooks' church in Bostou, Trinity, 1% the only ono of the Kplscopal depomlination that keepe up & full attondance in that city durlng tbe hard times. ‘Tho reasons alleged for the blackballing of Hiary K, Bmith at the New York Btock Exchacgs are that ho was at ono time & partner with Uoss Tweed, was with Jay Goutd as & spscial, and 1ok & part In the llack Mridoy bosiness, A vory amusing concelt of Gustave Dore in roported from Parls, laving bought a villa in the ontskirts of that city, bo bad p'sced over the entrance the musical notation: ** Do, A, &, Ld, Lo, Us," which, In snother shape, ls slopiy ** Domlcils @ Dore." ‘Fhe Directors of the Permanent Exhibition st Philadelphis bave resolved to keep it closed horeatter on Sundsy, not to satisly moral scruples, but because it doesu's pay. They bope in thid _mannet **to Insure the support of & large majority ‘of our follow-cittzénson both eides of the guestlon.” 3 Nov. 7 8t. George's Ohuroh, Hanover Bqusre, Londan, was completely filled by the reia- tives and friends assembled on the occaslon ol the marriage of the Bart of Abardeon, grandson of the emlnent alateamaan, and Miss Isabel Majortbanks, youngest daughzer of Bir Dudley Maforibanks, Bary, M. I', A porsonal soquaintance of Charlotte Droato apd s long realdent la Haworth protests sgetast the words *‘sordid economies " In conned- tlon wity the parsonsge life. Mr., Lironto's sti- pond was 2400 & year, there was s privats lucome from bis wite's family, sad the coat of llving st that time was mach Jess than at present. Patti’s mother was o wosherwoman in 8 Isundry st Rows. Sho used to sing beartlly on golng to work, a3nd ouo duy she happened to be re- Tarked for ber vocal powers by the Masstco Barill, 'who gave her & muaical educetlon, procared her appearsnce 00 thw wlage, fret At Nuples, sftes- wards st La Scals, Milan, aad daally married befs