Chicago Daily Tribune Newspaper, December 4, 1877, Page 4

Tlye Teibmre, TERMS8 OF SURSCRIPTION. BY MATL—IN ADVAN Dafly Edition, one year.., Fartsof a yedr. ocr mont) Bunday Edill Lite oubla Sheet. Exturday Editl Hi-Weekly, one year. PATtaOf & YEAT, per mont WEEK One copy, per yeal R of Tolraer Epecimen captes sent fres. Give P'ost- Office address 1n full, including State and County, Remittances maybe mado elther by draft, express, Fost-Offics order, or In registored letters, at our rik. TERMS TO CITY SURSCRINERS. Datly, delivered, Bunday exconted, 25 cents per weok. Latly, delivered, Sunday fncluded, 50 cents per week, Addrers THE, TRIBUNE COMPANT, Corner Madison and Deatborn-sta., Chicaga, Tl Orders for the delivery of Tux TRInUNE at Evanston, Engleweod, and Iiyde Park left la the countiog-room willzecelve prompt attention. AMUSEMENTS. MoVicker’s Thentre. Madteon mirect, between State and Dearborn. **Tho Bells™ and*! I've Written to Brown,” Meadames Miaye, Stoneall, ete.j Memrs, Wheelock, MeVieker, otc. Ioaley’s Thentre. Tandolph strect, botween Ulark snd TaSsile, ' Siruck OfL." Mcadames Moore, Binith, otc. | Mests ‘Willlamson, Bullivan, ete. Unverly!s Theatre, /. Monrue etreet, corner of Dearborn. Continent.™ Colisoum Novolty Theatre. Clark street, between fiandolph and Washingtos. Variety performance. Afternoon and ovening. McCormick Hall, North Clark atreet, corner Kinafo, The Manzon! Ite- Jutem assby the Leethoven Soclety, TUESDAY, DECEMBER 4, 1877, ** Across the CHIOAGD MARKET SUMMARY. The Chicago produco markets wero moderately active yesterday, and breadstufls averaged casier. Mesa pork closed o shado firmer, at $11.75 tor December and 811, for January, Lard closed steady, ot 87.80@° for December and $7.85 @7.874 for January. Meals were firm, at 4%c for boxed shoulders and Gigc for do shortribe, ‘Whisky was casler, at 21.05 per gallon. Flour was dull, Wheat closed %e lower, at $1.07%§ for Docember nnd $1.07 for January. Corn clored K@ ¥c lower, at for December and 41c forJanusry. Uats closed rteady, at 24%(c cash and 24%c fordanuary, Rye was steady, at 63c. Dar- Jey closed 1%;c lowor, at G1i{e eash and 0% for January. Hogs woro active, and closed firm, at bc advance, ‘Sales chiefly at $4.20@4.45. Cattle ‘wera etronger, with salcs at 82.40@5.12%. Sheep were quiet, at $2.76@4.00. The exports from the reaboard last weok Included 53,352 brls flonr, 048,601 bo wheat, 1,676,670 bu corn, 4,144 bn oats, 456,405 bu rye, 257,388 Lu harley, 4,157 bris pork, 6,480,007 Ibs lard, and 0,107,004 1be meats, Inspected Into store In this city yesterday womine: 122 cars wheat, 217 cara corn, 30 carn oats, 8 carsryc, and 20 cars barloy. Total (400 cars), 172,000 bu. One hundred aollars in gold would buy $102.75 In greenbacks at tho close. Groonbncks, at the New fic Btock Ex- * shange yestorday, closod at 973. Gratifying reports aro roceived of o mark- ol improvement in the condition of Mr. Baarvern Bowrzs, editor of the Springfield Itepudlican, who on Baturday was belioved o bo ot the point of death. Itis earnestly to be hoped that the expectations of anxious ‘rionds may Lo realized It is enid that Attorney-Goneral Devewa has given anopinion the offect of which in to reinstate alt Federsl officors whose suc- sousors falled of confirmation at the extra cossion of tho Benato, The suapended offt cprs will yosumo their functiona until again displaced by Exocutive order and their suc- casgors aro appointed—which it {4 to bo pre- sumed will not bo for long, ns the Prosident can nt onco rencw tho nomioations not acted upon. The Loke-Front property ownod by the city occupicd o oonsiderable portion of the Council's attention last ovening. Tho ordi- nance granting tho uso of a part of the ground for base-ball purposes was votoed by tho Mayor, whilo in tho matter of tho Ex- position Building majority aud minority re. ports by tho Judiciary Comtnittee wero sub- mitted, both contemplating the vacstion of tho promisca by the present occupnnts, but differing ns to time, while ono roport pro- poscs that the Exposition mnnagers shall be ousted and posacssion of the property be re- coverod by tho city. Tho closing hours of the oxtra session were devoted by the Sonato to the considera- tion of soveral nomlnations made by the Presidont. Among the confirmatious were those of Wrruuu Hingy Saarn, Collector of Customs at Ohiczgo, aud Thoaas B. Baray, District of Columbia Commissioner, Gon, Hanrax was tacitly confirmed as Auso- cinto Justice of the Bupremo Court, ns the snotlon to reconsider the vote by which ho was confirmed loat woek was not roachod, Various nomiustions, including thoso of the Now York Custom-House, wero uot acted upon, and are therofore in tho condition of hiaving been rojected. TES—— Bontonco-day in the United Btates and County Oriminal Courts disposed of & num- ber ¢t offenders of varions degreos of culpa. bility. Onoof theso was Burrn, a colored mon who in a fit of fury at boing ejected from o saloon shot at the barkeoper and killod anothor mun, and who, although found guilty of murdor and the denth ponalty named by the jury, was granted a now trial, and, pleading guilty to tho charge of won. glaughter, was sontenced to fourtoun years in the Ponltentiary, Oantes, the countor. foitor, was sentenced to sovon years, and o number of burglars, thieves, ond swindlurs ¥aceived penalties in proportion to their erimes, S———— Evorything points to the imiodiate decla- rution of war by Sorvia against T'arkoy, aud 1o tho varly prosence in the fiuld of & formlid- Bbla fores to co-operate with the Rlussians. A military review has been lad by Priuco Mitan, and tho vigorons preparationa now going forward give color to tha repozt that a stroug Bervian columu, augmented by 8,000 cavalry frow Con, Govexo's command, will imwmodistely aasall the Turkish rour, Groecs, too, is in & flurry of excitement, and Ler population can with ditliculty bo restrained from following the examplo of Borvia and taking lo fleld sgainst their ated oppressors, Asssiled in tho rear Ly hor fusurgent provinces, and Lor armics held in check by the overwhelming forcos of the Russians, Turkey's caso is daily growing mora desperate, and tho event which Eungland dronds but dare not Intorfere to provent—tho vonclusion of a ponoe between Rusiia and Turkey alone— bocomes corrospondingly imminent. It would seem thet Borvia and Greece were Zetermined to be in ot the death. The brightest promise of the new order of things in county affairs has already been par. tially roalized by the election of Commission- sr Sexne us Chairman of the County Board. A better or more appropriste choice from ugony the membership of the Board could THE CHICAGO TRIBUNE: TUESDAY, DECEMBER 4, 1877—TWELVE PAGES. * not posaibly have been mndo—nochoico that 5o distinctively represented tho reform move- ment by which tho bad element in the old Board was compelled to rotire and the pres- ent majority put in its place, Mr, Bense has only to stand npon the platform an- nounced in his address in order to livoe np to his past record and justify tho expecta- tion of the taxpayers by whose votes his clection has been mado possible. Wo have no doubt he will do tlis so far as his indi- vidual and official eapncity extends, bnt ho needs in addition Lhe earnest co-oporation of every member of the Board who respects the will of the peoplo ns exprossed at the polls in November. Let there bo for onco n Re- form Iting established and maintained, and let it Lo ns faithful to the purposcs of its organization ns was tho corrupt combination, now happily placed beyond tho power to work any farthor injury to tho credit and solvoney of Cook Conaly. THE PR‘ESXENT Ax}:’r’; THE SILVER DOL- Tha Prosidont, in that part of his messnge relating to the colnagoe of silver, will griov- ously disappoint the groat mass of the American poopls, who have come to ro. gnrd him as & publie officer not likely to be misled by the sophistrics, nor driven hy the threats, nor wenkened by the blandishments of the money-lendor and the professionnl gamblors in public credit. The feoling that the Govorumout of tho United States, liko tho Governments of all other countries, is n mora collecting ngency, chiarged with the duty of coutisenting private property that tho public creditor may havo not only Lis usance and his bond, but that both slall bo advancod in valno by every contrivance which the ingenuity nud rapacity of ava- rico may suggest, nnd to which wenk-kneed publio oficors may yiold, will recoive strong confirmation from the carnestness with which the Prosident warns Cougress that he will not npprove the romonstization of =il vor. - Well mny the projectors and oporators in tho gront frauds of 187 and 1874 rojoice that thoir schemo which thoy imposed upon the last President is now vindicated by the succecding President, on the ground of na- tionn! honor, national credit, and the over- whoelming consideration of honoesty and fidelity to tho public intorosts! Well may the conspirators of 1873-'4,who have hithiorto not dared to avow their complicity in that fraud, enjoy thomsclves with lauglter in finding the President covering thelr iniquity with the rmgis of national Lonor, and charg- ing tho decolved and betrnyed people with achemes of repudiation and dishonosty. Tho President's argumonta agains the ros- torntion of the silver dollar to the monctary valuo it Lad before, when, and for long after tho publio debt was contracted, will fail to convineo any remsonablo man that therois any legal or moral wrong in tho rostoration of the silver dollar as a legal-tonder, With all respoct for the Prosident, and much confl- dence in his iutegrity of purpose, wo mnst ingist that, ns opposed to an unbroken series of Inws covering tho wholo perlod of the nntional debt, his assertion that any patt of that debt is payable in gold coly, to the ex- clusion of tho silver dollar, is not only weak, but utterly fallncious, No logio, save that of the insatinble avarice of tho Shylock, can roconcilo tho conclusions of the Prosi. dent with the notorious faots staring him from tho statute.book. The argument of tho Presidont is, that so much of the public dobt issued since 1878, when silver was demonstized, was issuod at a time when gold coin only was a legal-tender for tho bonds, and that therofore tho holders of the bounds have tho right to nssume that thoy should bo paid in tho samo coin, or coin of equal value to that they paid in oxohange for the bonds, and that to make silver now a logal-tendor would be a bruach of good faith, wrhich would be dishonorablo to the country, arrest furthor fundiug of the public dobt, end bo injurious to the publio intercst. Tho answer to that argument i plain and direet. In 1870 Congress nuthorized the Becrotary of tho Trensury to offer now bonda boaring b per cent, 4} por cont, and 4 per cent, in ox. chango for the outstanding ¢ per cent bonds; aud tho law under which all these now bonds woro sutliorized to bo issued ospecially onacted that such bonds, principal and futorest, should bo payable in .“coln™ of tho United. Btates *‘of tho present (1870) wtandand’ value," The law required that this conditlon shonld be sot forth in tho bond ftself, and all the bonds lssuod since July, 1870, rocito, on their faco, viz.? ‘This bond is 1eaued In accordance with the pro- vistons of nnact of Congroes ewitled ** Anact to muthorize the refunding of tho national debt, ap- proved July 14, 16870, amended by an act approved Jan, 20, 1871," and {s redeonablo st the pleasars of the United Statos nfter tho et day of Heptem- Lor, A, D. 1801, 5x coty of tho standard value of the United States on atd July 14, 1870, with in- terest in such coix from tho day of date hereof, ot ate All thess bonds fssuod sineo 1873 contain. ed on their face (he contract that they were redoomabio at the plossure of tho Govorn. mont {u tho coln of the United States which wero of standard valuo, not {n 1877, but in' July, 1870, Every man who bonght oue of theso bonds bought it with the contract that it was poysble in the coin of the . United Btates that was legal-tenidor in July, 1870, Tho United States promisod to pay in such coin, and it s logioally and logally nbaurd to nssumo that the United Siates then guarnn- toed that gold dollars should be oqual to 103 conta In silver, or that silvor dollars should Lo equal to 103 conts in gold. I'ho Presldent rofers with espocial sntisfac- tion to tha act of Cougress of 1864, and that our rendors moy understoud how far his poyment.of-dobts-in-gold theory is sustaln. od by that act, wo give tho law in full ; Aarch 18, 1800,—Ntovised Statutos, page 735, Boe, 4,084: The faith of tho Unlted States o sol. ounly pledged to the payment In coln, or its cqulvaleat, of all the obiigations uf the United Statesnot bearing luterest, known as United States notes, and of all the interost-bearlug obligations of the Unitod States, except in cascs where the law authorizing tbe lmue of any such obligation has exprossly provided that the same may be pald in lawful money ot olner currency than gotd and silver, But none of the Intercat-Learing obliga. tivns not already due skall bo redeomed or pald before maturity, unless at such time Unltod States notes are convertible fulo coln ot'the optivn of the hoider, or unless at such $iwe bonds of the United Btates bearing a lower rale of interest than the Londs to be redecmed can be sold at par fu coin, The faith of the United States ls alsosolomnly vledged to make provisions at tho e: practic. able perlod for tho redvmption of the United Btates notes Iu colu. The reader will notice the repetition of the word * coln,” aud that the word gold is only ased in tho one easa whoro it is connected with that of silver. In all the legislation of Congreas on this subjeot, there is 10 mantion of gold ; the word used throughout is ** coln,” bocauso that included both gold and silver, Mr. Husbess, of Michigan, ina recent speech, thus grouped the history of all the debt acts prior to 1873: Theact of Fob. 25, 1882, snthorizing the lsaue ©f 5-20 tonds, provides that the interest shall be pald in coln; not la gold, but coin. st act aiso provides thas dutios on imports 11 bo pald fn 0in; pot in goly, bat lu coln, The sawe act cro- Ated the Rinking Fund, payable In coin; notin gold, but in coin, ‘The act of Feb. 17, 1562, makes ita obligations payable In coin;: not in qold, but coin, The act of July 11, 1802, makes its obligations payabla in cotn; not in gold, hut cotn, ‘The act of March 3, 180:3, providing for the femne of 000,000,000, makes them payatlo incoin ¢ not In gold, bat coln, Tho actaf March 3, 1804, for & loan of $200,- 000,000, makes it payable In cofn¢ not tn gold, but coln. The act of Jono 30, 1804, to horrow $400,000,+ wr. makes It payable In coin; not In gold, but cola, ‘The act of March %, 1805, for $000,000,000, makes them pagsble In ‘' coin or other lawful money *'; not gold, but coln or greenbacke. The Prosident cannot find in the statute. book the lonst word implying that any part of the public debt ia payable in gold, to the exclusion of silvar, The not of 1873, while It prohibited the coinage of the silver dollar, did not demonelizo that coin; it wns pot until tho not of 1874 that the silver dollar was deprived of its legal-tendor quality under thoe fraudulent nssuranco that the bill con. tained no now provision whatever. The Presidont assumes that tho deprect. atiouof silver bullionsinco 1875 is pormnuent, —an assumption wholly unwarranted, except upon the further assumption that silver is to bo universally domonotized and gold obtain an inerensed and unprocedented value, be- cause of Leing mado tho exclusive motallic monoy of mankind, The Presidont knows that the temporary decline in the value of silver bultion monsuved in gold is duw to its demonetization in Germany, and tho placing an unusunl amount of silver on tho Euglish market to ba exchinnged for gold. o ought toknow that this snrplus of silver is rapidly pnssing to tho East, and that the monetiza. tion of silver in this conntry wonld hasten its restoration to its previous ordinary value, ‘The President proposes now to instituts an aristocracy of debt. Ho proposes that silvor be remonotizod, but that the publio debt outstanding shall bo exempted from payment cither of tho principal or {nterest in any coinage of less volue than the prosent gold coinngo of the country. Tho Presidunt proposos that Oongress shall institule an order of tho golden aristocravy; that silver shnll bo n legnl-tendor for all dobts, public and private, without roference to their dato, oxcopt thoso national bonds now outstand- ing. Tho holders of these bonds aro fo be rec- oguized a3 n special clasy, the eremedo la creme of bondholders, who aro to draw their in. terest aud principal not ouly in gold dollars, but in gold dollars of the present dear valuo, Should gold decline in value for any reason, thon wo supposa tho United States must make good the defloiency betweoen tho re- duced nud the present oxtraordinary value of gold. From this nction of the Prosident there is but ono appeal. Congress Is the ropresenta. tive of the American people. 'I'hero can bo no question ny to the judgment of the country. It demands tho restorationof Lha silver dollar a8 a full logal-tonder. "Lhe President may constitutionally veto the Silver bill. It will then remamn with Sonators and Ropresenta. tives to dotermine whetler that biil shail be. come a law despite the Executive objection. This will reqairo tho affirmative votes of two-thirds of ench House of Congress. The quostion, tiereforo, is after all in tho hands of the reprosontatives of tho peoplo. Will they follow the Shylocks, or will thoy odhore to tho people? That ques- tion will be decided by their votes in Congresa.” Bhould Congress yicld to the threats and blandishments of the monoy- londers, then tho question will be remanded to the Congrossionntand Legislative Districts, whero an outraged and decelved people can imposo punishment for the past aud make assuranco donbly sure for the futuro. The silver quostion is not a party but n national quostion, and the country will demand a striot rusponsibility from all who falter or hesitate in this struggle for common honesty, common justice, aud public good. Tho recommondations of the Secrotary of the Interior in his report touching the In. dinn policy aro wore valuable, useful, aud practical than any which have emanated from that Dopartment for a long time, and sliow that Mr, Sonunz has mado a carefnl study of this complicated problom with n view to its ultimato solution not by hasty and ill-advised loglalation, but by the adoption of such weasuren ng shall slowly but sarely preparo tho Indian to become a peaceful citizen in. stead of o dangerous nomud. Mr. Scuunz's recommendations mny be briotly summed up, Ho atrikes ot one of the most prolitlo sources of trouble with tho Tudians in his vory frst suggestion by polnting out the nucessity of kueping faith with bim. As huutivg ouly stimalatos their warlike tondencles, ho sug- gosts that it sbould be discouraged, and points out tho way In which it can be dono, vamely, by limiting thom to o very small supply of arms and aminunition, sud, as far o4 praoticable, exchanging their ponies for cattlo, As somo of the tribos utill have to aubslst fn part upon huatiug, ha would Lave them placed upon resorvatious, where thoir necoasities .can bo supplied unth thoy are self-sustaiming, As another important factor in the elevation and pacifi. cationof the Judian, Le would allow hoeads of fawilies to hold smull tracts of lnnds on their rosorvations, so that they may bave a fixed homo, and to secure thom inlifo and prop. orty ho would institute tribuunls to enforce the laws of the Umited Btates and organize an Indiau policy to preserve peaco and order, Ha would establish schoola for the fnstruc. tion of the young in tho English Janguage, and make attondsuce compulsory, and give thom farins upon which thoy might be taught to labor, Mo would also dispense with whitelaborupon those reservations, and encourago honest labor by discriminating be- tween the industrious aud the idle vagabonds 3u the distribution of auuuitics and supplics, The above is the general outliue of Bacrotary Beuunz's scheme for the amolioration of the condition of the Indian, and for propar. ing him to bo absorbed into the body politic 80 completely that horoaftor ho will not ap- poar a3 an elemeont of dauger, and we believo that, if this policy were honestly and intel. ligontly carricd out, the rising genoration of Indians, and perhaps even thelr youog men, would become puaceable inembers of society, Wo have fought Iudans long enough, Wo bavo sacriticed thousands of lives and wasted millions of money. We havo been fighting Indians evor since Mirys Brawpuss went on the war-path, aud; from that time to this, no-battle with them has Leen concluded that did not loave them pro- parad to resume sgain whenevor the opportu- uity occurred, By dismountingthem, aud tak- ing away their orinsand ammunition, and giv. ing them cattlo for their ponies, they will bo doprived of their war-anaking power. An Iudian without his riflo and his ponies is no longer & warrior nor even n hunter, and the: isnot only no dangerof a gemorat Iudi war, but thero is an absoluto guarantee of ponco aud order umposed upon soparate tribes and oven individuals, After depriving Lim of his power to mako war, the next step ! | 8 to provide him with tho appliances for living in peace nnd supporting himself npon the products of tha gronnd or by stock-rais. ing, and this Mr. Sonurz contemplates in tho snggestion lo give thom a home, by mnking tho hends of families land-ownors, by ex- chinnging cattle for their ponles, and dispos- ingof thoir supplies in such manner as to aid them n ngricultural purauits. It is not 1o be oxpected that a wild Indian can becomo a tame farmer immediatoly, or that o nomad, naccustomed to roam, shoot, and ateal at will, and subsist off the ohase, will all at onco sottle qulolly down to sowing, plowing, digging, and slock-raising. It will bo n long and tedions process, but that it ean be necomplished in ovident enongh bocanse it has bean, several of tho tribes in the Indian Territory having mnde very docided progress as farmers, es. pecially when the whites lot them alone. In thia Intter respeot, Mr. Bonunz's intimations ought to bo onlarged upon. The Indisus ought to be left to work out their salvation along, as nearly ns possible. Thoy will civ- ilize much faster by themselves, will work Lottor, acd botter, and be more puaceablo nud Iaw-nbiding, if tho whites aro kept awny from them, Moro than ong-half ‘of the troublo with them hins grown out of the in. famons conduct of agents and speculators who have furnished them with fira.water and then fleeced and swindled thom in overy di- rection, and made promises to thom which they never futonded to keep. ‘Fhero is mors truth than pootry in SirriNo Bury's exag- gorated declaration, thint the Americans arenll liaes and chieats, Probably the majority of those whom he met were, and from theso #pocimons ho jumped at the conclusion that all whites woro bad men. If specu- Intors can ba kopt from gotting their lands away from them nnd from furnishing thom with whisky, arms, aod amwmunition, nand if white squaltors can bo kept off thoir reserva. tions and their farms, they would advance much moro rapidly than they are now doing. ‘I'ho prosont genoration of Indians will soon pass off the stage, but much can be dono with the young pnpooses by the school systom advocated by Secrotery Scnunz, It would bo absurd toput the Indian of tho Plnins, nccustomed to war aud the chage, inton school upon n diet of roots, moods, and tonses, but tho juvenile Indians might bo taught the Euglish Innguage, and ought to bo taught it if thoy are oxpectod to nssim- ilato with the whitos, What immense foreo tho chango of language plays as a civilizor has beon shown too often to noed particulnr specification. Mr. Bonunz has suggested an admirablo policy in itself. 7Tho ouly despair of the situntion is the doubt whothor thoro is honesty and wisdom enough in thoso Iatter days to work out the problom. THE FINANCES, Thareport of thoSucrotary of the Tronsury 18 80 voluminous that wo shall give to.day n condensod statomont of tha information and suggostions it contains without combating in ou nrgumentative way several of his ns- sumptions which scom to ug very erroncons, Thostatomont of rocoiptsand expenditurcs for tho fiscal year ending Juue 30, 1877, is no longor now; the receipts from all sources wero $209,000,580, or a decronse of $18,481,- 462; tho nggrogato oxpenditures woro 8238,- 660,008, or a daecreaso of $19,799,748 from thoso of tho proceding yoar, Of this np- poront decroaso in oxponses, a littlo over 82,000,000 havo sinco beou appropriated as & deficioncy in tho naval approprintions, loav- ing tho decronso in tho oxponditures scarcoly oqual to that of tho recoipts, Es. timating tho recoipts and oxpendi- tures of tho curront flseal yoor on tho basis of tho actual recoipts and exponditures of tho first throo months, the total rovonues for the year ending Juno 80, 1878, will bo 265,600,000, a8 ngalnst oxponditures of 232,430,648, or a roduction of ¥3,500,000 in rocoipts and 25,000,000 {n oxpouses. Tho surplus revonuoe of the year will be £33,000- 000, which will bo $2,355,000 less thau tho amount required by law for the Sinking Fund. "Tho ustimatos for 1870 are £200,- 230,000 of rocoipts and $280,083,706 of ox- ponsres (including over §37,000,000 for the Binking Fund), which would leave a doficienoy of 11,000,000, Dut the Seoretary is of tho opluion that tho exponses can b reduced to that figure, and recomimends that tho aggrogata appropriations for next year shall not exceed 3140,000,000, exclusive of interost and Sinking Fund, As to the lutter ttems, tho atrictest compliance with the law would have . required tho Siuking Fund to amount toouly 3475,818,883 on July 1, whorons tho dobt had boen actually re- duedd §606,273,818 Iually this showlug in- dicatos that curront dofleloncios in the Bink- ing Fund aro not atall alarming, aud sug- godts ugain, as did tho last report of tho ‘Iressury Department, that the teras of tho Sinking Fund might bo suspended by Cos- gress till tho domands of tho prosent law shall roach tho figuro which reprosonta the prosent uctual reduction of the dabt, The showiug mudo by the ‘Secretary of tho results of the Refuuding et iscortainly wost gratifying, Whon Mr, SuzruaN caumoe into oftice, ho found n contravt mado by his predecessor for funding 300,000,000 of ¢ por cents into 4) por ounts, but it was under tho law terminablo by notice, Mr. BuznMax was couvinoed that the condition of tho publio crudit warranted tho' nogotiation of bonda at par iu gold st 4 por ceout fustond of 4§, and therofore terminated the old contract, and made & uew ono on the 4 por cout basls, oxacting also thirly doys' uotice for home subscriptions. 'The result was the popular aubscription for $75,000,000 of the new bonds, oll of which have been pald. Of the §200,000,000 of 4} per ceuty, 816,000,000 of the procesds wero ot apart for rosulmption purposes, 08 wero 925,000, 000 from the salo of tho 4 por couts, ‘There wero then $185,000,000 of 4§ por ceuts, aud $50,000,600 of 4 per conts, aubatituted for G por cents, which mukes nn annual re. duction of §8,775,000 juthe public interest, Becretary SuxeMaN says that the agitation of thoropealof the Resumption act and for there. wonetization of ailver prevonted farther sales of these bonds, and ho expreasoes the belicf that the entire publiodebt can Lo converted into 4 per cont bouds by sutiafying the world at large that tho bouds, iuterest and prnci. pel, will bo paid. in gold. But the salo had censed months beforo the meeting of Coun- gress. Oftho wholo debt, thers will bo re- deemablo at the pleasure of the Government 81,452,000,000 by Moy 1, 1681, and the re- duction to 4 per cent intereston all would make an aunnal saving to the Government of 2,000,206 in Interest, Bocrotary Smzzman's position {n regard to tho Resuwption nct audthe remonetization of silver is well known, and ho takes occasion $o pestate it very omphatically i tho present report. Ho is opposed to any postponement of the date for resuwmption, and malu. tains that it will be foasible Jan. 1, 1879, though he fails to point out with clearness Just bow Lo proposcs to assureit. Ho fuvory .same number of encorea and rocalls, n redaction of the greenbacks to the $300,- 000,000 contemplated by the Resmption act, and to this end proposes that they shall bo fanded to tho oxtent that they bo not retired by the issue of new National Bank notes. 1o olso favors {he lodging of the power to refsane tho 2300,000,000 in the Sce- rotary of the Tronsury, undor cortain condi- tions; ho thinks they may ba roissnod safely by maintaining a coin reservo of $100,000,~ 00, the reservo to bo used In tha redemp- tion of notes on demand, which shall not thon Le reissued till tho roserve shall agnin bo mnde good; he would preserve tho logal- tonder charactor of the notes. Ile adviscsa reduction of the National Bank taxes ns soon ns A suflicient samount of rovenuo for the support of the GCovernment can ba derived from tho other nrticles now subject to taxation, Ilo recommends that the Government shall bo authorized to issue cortificates for saviugs deposits at tho postal nioney-order offieas, which cortificates shall be couvertiblo into 4 per cent bonds. His theory is thnat tho money thus received should bo used oxclusively in the redemption of outstanding bonds bearing n higher rato of intarest, and thinka that, in this way, the great bulk of the public debt would Lo dis- tributed among our own people. Sueerctury BoeastAx docs not antagonize outright the remonctization of the silver dollar, but would have it dons, if at atl, undor cortain restrictions, Io opposes tho frce coluago theroof, favors giving it the char- ncter of redeemability like tho greenback, would make it n legal-tonder only to a limited autount (thongh he does not say how much), and would havo the publio debt pagable, in- torest aud principal, in gold. o insists thot it is only nuder these conditions that the refunding of the publio debt at a low rato of interest can go on, which is Losh, and, what- ever netion shall b taken finally, urges npon Congross a9 n sacred duty to vrovide that all ‘bonds issued sinca Feb, 12, 1878, shall bo paid in gold nloue, on the ground that gold is now tho only standard known undor tho laws, and that tho bonds wero sold for gold. Ho claims thnt, under theso circumstancos, it will 'bo partinl repudiation to pny the bonds thus jssuad in any coin less valuablo than the qold recoived for them, which is Yhylock sophistry, . THE KELLOGG-CARY WAR. Behold what & gréat smoke a littlo firo kindloth, In a concert given in Ban Fran. cisco last October, after singing through an arin of ArpiT1's, those two popular singors, Miss Krrrooo and Misa Cary, found them- selves nt varianca in the cadenza. Thero had boen no rehearsal of it; consequently ench rang it ns she had been naccustomed, aud ns they had Dbeen accustomed to sing it diffor- ently, of course it wont to smash, and each Inid the blamoe upon the othor's fair and amplo shoulders. This littlo speck of war was magnified by the mutual appropriation of songs, which are tho common property of sopranos and altos tho world over, and charges of potty Inrceny wero indiscriminate- ly mado. This littlo cloud, arising in Cnli. fornin, no biggor than a man's hand, has grown until in Chicago it covered the wholo musical horizon, and raised & breezo that hns blown very lustily during the past week, Without ospousing the causo of eithor song- stross, for n masculine interferenco in a fom- inino fight would bo tho height of folly, we may varrato the story of the strifo. When the party renched Denver, the tomperature of the sleeping-car bad onlarged the cloud to threatening dimensions, Thero wero two concorts in Denver, but Miss Cany sung at only ono, nnd in Cheyenno and Omaba sho did not sing at all, plending indisposition, ‘The Omaha people waxed wroth, nud one of the papors intimated that her indisposition ‘waa not ono of the throat. When the troupe renched Chicago, the Omaha papers reached here also with their chnrges, 'There was an unoasinens in tho air, and rumors flew thick and fast, especially as Miss Oany did not come upon the train that conveyod Miss Kerroas, When Bliss Oany did arrive, curious roporters waited upon ler, cagor to find out the ronl location of tho milk In tho coconnut, and the great alto tolked. Sho talked to such purpose that tho groat so. prano talked back, likewise tho soprano’s mother, and tho soprano’s cousin, and the soprano’s manager, who perhaps had vistens of advortising ln all this talk, whilo enn- ning Mr. Poxp, of the Rupratix Burean, the wheol within the wheel, sat quiotly by, wondoring in his inmost soul why thoy talk- ed. Thoy nll had their uay, and the clond grow atill Iargor upon tho appenrance of au uawarrantablo personal article in a morning puper, Prosently tho great musical public began to prick up its oars, It discnysed tho matter. at tho breakfast-table and on the stroot, nnd tho music stores were all ngog with rumoni, 'The first concert prssed off plonsantly enongh, for the Kerroaa and Oany clans Lad not yot coufronted oach other, ‘There was only a solomn dotorminntion that no diserimination should Le wade between the two goddesses, Thoy wors recelved with the anmo degree of welcome, - They had the The two floral tributes were wmade i the samo mold, ‘'fhe same nuwmber of boot-Lels expressed their delight by pounding upon the floor the same mensire of applause for cach artist, and the sawe yumber of bands welcomed onch. The nuxt duy, how. over, the excitemssut fucreused, and the clons began to take mides. At the socond concert Miss Ketroan recelvod & handsome display of flowers and Miss Oauy noue, but the Qanv adwmirers mude up for 1t by sllowing Mss Kewroaa to go off with the convoutional amount of applause, and giving Oany o quadruple vecall after singing one of the sougs which sho hadl stolen from Miss Kerrooa, which Misg Ker. 1000 stolo frow some other slnger, who stolo it from Nirason, who stols it from s negro minstrel, who had it given him by Mr. Fosren, who slole it from & negro, At the third concert, the Gany clan determined to oven up thinge, were protty justly distributed, but the great contralto was literally burled under bouquets, baskets, mounds, Jyrcs, and other works suf- ficient to fill & small oxpress wagon, from which aho contrived to wake n fragrunt resurroction in tho dressing-rooms, while Miss Kzrxoao was compellad to retiro with ono basket, As Miss Cany hod the last in- nings, she came out ahead. Iow it would have onded, had thoe troupe yemained hero any longer, it iy hard o foresec. Ous thing, bLowever, may Lo slated as o cortainty, Tho pgilded youth of Chicsgo would have been all torn up and sacked the flower stores. Happy homes would Lave boon hopelessly split in twain. The sopranos of the city would have aitaug- od themwselves againet tho altos, tho tenors siding with tho eopranos, and the heavy basses with the altos. ‘It might even have reached the County Board, the Board of Trade, tho Comuon Council, the churches, and the day-schools. For this reason wo aro zlad they aro goue, and have taken thelr war The applouse and eucores’| aro not healthy, Wo do not fike to bo dis- turbed in the oven tenor of our way by these ‘“sweet bells, jangled, out of twme.” Wo trust thoy wiil have settled their differences boforo they rotnrn hera in Fobruary. There is roally 1o renaon why thoy shonld refuse to speak to onch other or call each other “hateful things.” Thoy mn on dif- foront - lines, They oro both great in their own way. They travel on parallels - that can nover meot or in- torsoct, unless thoy pervetscly fly off the track and mix things up. Bopranos havo trouble enough with sopranos withont flying nt the altos, aud tice versr. Ho, from a safe distance, wo would say to theso two admir- inblo songatresses, composa your diffarences, embracs, and make up. Don't como hore nt rn's longth noxt February, but hand in hand, liko good littla girls, and tho groat public will applaud and admire you all the more, Lat ont tho constriction of that nisorable Arprrs cadonza, which is good for othing auyway, to a board of arbitration, vornge up the tomporature of the sleeping- ars, pitch up for the songs, and don't itk ny moro, EXPORTS AND IMPORTS, The roport of tho Secrotary of the Trons- ury showa that iinports are still on the de- cline. 'Che reccipts from cnstoms in the flscal year ending June 10, 1877, were 17,115,401 less than durivg ihe provious cal year, and for the flrst quarter of tho chrrent yenr $571,196 loss than for tho cor. rgpponding period of Inst yenr, . Some of tign deerenso is attributed to frauds (espe- pdoinlly in silk and sugar), and to the em- mont attendant npon tho colloction of rovenno. To counteract these, tho Sec. ary recommonds that the silk daty he clfnuged to so nuch per pound, instend of aq valorem; that a new system of grading bg adopted for sugars to stop frauda; nnd ti;pt the molety system of blackmnil-facing informors and customs oflicors bo rovived to tlfo extent of dividing among them tho pro- eds of soizares nnder certaln restrictions, nd nftor paying all costs of seizure and liti- ation and the full amonnt of duty charge- Llo upon tho goods seized, Tha exports continue to incrense at an onormous rate, 'Tho vxcess of exports over imports for tho Inst flscal yoar was 8151,152,004, and this was an incronse ovor tho excess of tho provious yenr of 371,508,613, Tho statomout does not-inclnde the export of bullion, which was £15,387,823 in oxcess ovor tho imports thoreof, but less than the Lullion oxport of the preceding yenr by §314,166; tho oxcess of bullion export in the yoar 1870 was 115,000,000 less than for the yenr 1875, 'The menning of this is that our cxports of morchandiso nre rapldly ap- proaching nn extent whero thoy will balance tho intercst on our forcign indebtodness without payment in coin or bullion. The most important recommendation of tho Becretary in connection with this sub. Jeot, which is likewiso cmplinsized by the Prosident in his mossage, is that a small daty of two cents por pound on coffec and of 10 conts n pound on ton bo adopted. It is estimntod that such o tnx on ten and coffce, besed upon the averngo annual consumption of tho past five years, will yield a revonno of over $12,000,000 and nover bo felt, sud tho ndoption of such a monsure will conble an enlargoment of the {froe list nud n reduction of vexntious in- ternal taxos. If applicd mainly on internal taxation, all tho prosont stamp dntles mny be ropealod excopt on whiskies, wines, beor, ond tobnoco. It would load to n vast sim- plifiontion of the revonuo laws, save lnrgoly in tho cost of collection, and bo of ines- timablo canvenionce to the publie, Tho ten and coffeo tax will always be puro rovonue, collectablo withont adding to tho presont cost of maintaining the custom.houses, and impercoptible to the people who pay it. Tho reponl of this tax wns suggested by domae goguos and for the purposo of docelving the public. It was repeated by tho protuctionists a3 n menns for avolding o reduotion of oner- ous duties which they werofuterested inmain- tuining, and by demagogue Detocratstocourt political fuvor with the masses whom the mensure professod to bonofit. Iigher con. siderntiona of public economy sliould load to the rostoration of tho tax, Acvounts of the detatls are confiicting, but al agree that u relpn of negro terrorlsm about to by isugurated at Hickvile (L. 1.) has been promptly nipped In the bud by the local Dee wmoeracy, Mr, UoTrakt, the constabulary of Hickville, kept asalovn, and having seny for 3Mr, JounsoNn, the baber, to shave i, do- munded of the Jatter that he take bls pay in drinks, Mr. Jouxsoy, consulting his capacity, took posseseion uf the whole stock, vjecting Mr. Gortair aud s wife, und throwing thelr mu. tual infant Into a poat-hale, This outbreak took Its polltfeal shrutlleance from the olor of Mr. JouNson, und the Intimidated constabalury beget himaelf to crush tho Insurrection before t manuged to spread all over Mr. JosinsoN, who canstituted the whole inurderous negro fuction in tho viclaity, Hue was cast o u stably, cov- .ered with o horse-blanket, and there ho re- mained over vleht, 1o be dlacharged in tho morufng. The prompt action of Mr. Gorrane id louked upon Dby the bulance of his party as evinclug a miraculous prescnce of infud, and bis salvation of the rights of the Dumocracy, ne, the whisky, hus established tn bina Hfo-long title to tho ofllcu of constable. A The Londun News fee raveled ! ut the jutelligence that New York {8 to have an Euyptlan obelisk finer aud tatler thun the fot- sam and jetsam one sent to England, which ia now Lpowtivied on the coust of Spain,—that ts, held for salvage damtages, It spltefully ree marks: 1f oheliske maokea factor in_tho sum of forelgn sllurvments, by ull moans lot Nuw York have uue or ore ail lo heaelf, Nay, theeo urs even vome other eplendid and altractive ubjecty in forvign Cupitals which we would cuecrfully svo u-movud{a New York, Thal tlewn, some uf ite citizeus cou- plaly, 18 not suticiontly a capital 1o the Kuropesn sense of the wunl, Would 8 fow offigie of Usonak 1V, and the Duke of York bo of any sorvice ta ths American village! Would mix or seven picmorials of the Prisce Consort cheor the Luarts and elcvatlo ihe tuste of the prople, and ive them at bhowe what lhu{ luuk for across the bl ses water? Uut of wur sbundance we might be uerous e the Kuedive, W €'liava inors taonu- hian Lo bas obetisks, We could apare o few ‘The Queen would object to sparfug any of the numerous erop of the “guod " AruEnt mouu- uenty, aud, us to the “elligles,” they might be ahipped to Canuds, where the merlts of the Gronoes are bcld 1o higher esteem than oo this sido of the lue. e ——— ‘Thoso New York suobs who have been bunt- Inge the fox in buggles coucluded to still further apo the Enrlish customs sud give a * Hunt Ball” It camne off it Hempstead, Long Islaud, and to make the matter still more binding the farmers? daugbiters living In the uneighborbood were juvited to otliciats us a sort of peasantry. But they emphativully deciined to associate with tho snobs, turned up thelr noscs at thews, and, I short, polutedly snubbed the whule crowd. They express a dislnclination to cowe in con tact with such peuple, aud to wvoud them will bereofter aasociato with tho fox. e e— Mr. Mournines E. Duskes, of Auburn, N. Y, lately found hlusclf in a delicato position. Ho way oo of ths jury before whom Cora Youxes was tricd for wurder, sod during the trial fell desperately fu love with her. Naturslly be Jolued the eleven who wunted to scquit, and ou with them, for such straing upon the people her direharee he joined her and eloped iy her, leaving behind him an interesting fam) Thus are. tho qualltications for jury service gy further complieated. Hereafter, when o pretty soman 18 charged with tho capitat offense, 1y man possessed of a susceptible eardlac entryy will be cligible an juror. Furthermore, amy can rendily secure an excuse by representyy, that he 18 not prouf againet the attractions of loscly woman, Avaln, this caso presenty gy argument In favor of admitting females tothe Jury box, since it fs manifest that when jusjeq and skirts are mized up together, man ig In comupetent to separate the two. The Sltuating 1s commended to the attentlon of our |ay. mnkers, who are encouraged to haaten a aetyly ment, lest the murder of Mr. .\(unflxnz Dunies: by Miss Cona Youxas find tha qug tion still unadjusted. e ee— The Devil quotes Scrlpture, and so does Me, Ricnanp Urase Wirrn, but I8 the Deyg doesn’t quote Berlpture with more accurgey than Mr. WiniTe does, he can hanlly claim to by an authority on Scriptural literature, F'riy. siance, (n his Inst Installinent of " Everyday English”—and everyday English It fs, too—\e, Witz speaks ot **Abana and Parpbar, riwy of Damascus, better than afl the waters of Judes," aud he futroduces this with an allusigy to a previous siip for which he wns hauled ony the coals, warning the critivastors that by doesn't know whether this verse Isfn Kings op Chironleles, and doesu't think it worth his whily tolook. ftis apity Mr, Wiz dldn't look, because then he would have found that the real realing was * waters of lerael.” Not alony woy there n special renson for the use of the word “lsracl,” the Jewlsh Kingdoms boing then divided, and Naasan going for his curs to the Dominlons of tho King of Isracl, boy “Judea® is uot, 80 for as Tus Tnrisuna 4 awarg, & word that occurs in the Old Testawmeny atall. - ————— : The Now York Sun, In its Issue of last Thure day, sald: ‘I'he trisl of the forty Vigilantes In Scranton for tho unlawfal shooting of throe miners there duri: the raflroad troules of laat summor ended yestors slay with thele nchmx. It was very disgracefu] in the counsel fur these Vigllantes to demand thety acquittal on the ground that they wero menof **vory high standing in soclety. " Andpeny why? Tho fact that Cltizen Dana'y counsel couldn’t demand his acquittal, should ho be placed on trlal, on such gronnds, should not be permitted to prejudico the Citizen agangy people who can make such a vlea. Tha Scranton Vigilantes put down o lawless and desperats mub, saving life and property and o poacetul cummunity from tho horrors of rufiian rule, and therefore tho Sun blackguards them! Well, b s not surprising, seving that Citizon Dama's right-hand man, Citizen JouN BwintoN, lss leader of tho New York Communiats, and took o prominent part in the Tompkina Square meet. fngs durlug the Inbor riots. Me. IIAYRS caunot be sufllelently thankful that tho Sun opposes bls Aduinistration, ————— An astounding dfscovery bas been made in New York: that there Is no law for monkeys. The terriblo fact camo into the Light thusly: An Irlsh swoman was the proprietrons of loon, into which au orzan-gelnder found his accompaniod by u full-sizad monkey, Cheaterfleld in s manner when recolving favors, Whily tho liallan yrasgrlnding out n familinralr,th monkey passcd round the bat for the pennles. Tho womay ygave him o stick of candy, for which ho lifted hix hat in acknowledgmont. “She then play- fully undertook to got 1t away, when tho monker selzed lier hand and crunched ona of the tingers bee tween his tecth. Forthwith she had man snd monkey nrrested and rarched off to tha Police Court,” No complaint was tnde against the mas. ter, and the Court deelded that it could not convicy or otherwide punlsh tho moukey, snd thereupon the woman left the Court cxclilining ncutuat & -:nnmr{ fu winch thero {s mno law for such “*murlberin’ bastes, " 1f the pig-headed Judge had been Imbued with Darwinism, he would have lield the * con neeting 1ink * responsible, fnflicted punishment, aud accorded the Ceitle lady redress, ———— Russlan flnances are pusaing through somo of tho phases vurs did durlug the Rebelllon, A recont letter from 8t. Petersburz gives this plece of fuformativn about Russian finances and money: ‘The London pross hag seritten much to explaln the actual condition of the Russian Treasury, Gold aud silver aro nut to bo had throughout fho vast Emplro—paper rouble notes, from one roublo cach (now wortl lesa than 48 cente—a roublo by worth about 75 cents) have a forced enrroncy in all inter nal transactions; they arv produced by stosm pows eran fast as It can bo worked, and wook by wock the value of the Jussian bank note fully lower and lower, Elghty millions aterling is tho ostimated money cost of next year's cnm‘ulwn, unless pence can bo sceured this wiater, and Low so much hard tioncey is to bu oblauied no one fu Rusela or olses where can cyer giiese. Arrears are keeping pace with freshly-fucnrrod liabilities, A great atraln s niready felt to meot tha juterest on Russian fands und gunranteed raliway stocks, and though **roe pudiation,* a la Ture, 19 not Intended, all agres 1ot the time is uear when Stale promiees to ysy will have 1o take tho placo of spuciu, hitheric scraped logether with the utmost diliculty, b ——— It Is Just gotting throuci tha halr of the New York Times thut the thirty milion peoplo of the ‘Weat and South aro **sulid " for the romonetis zation of the old stiver dollar without any *ifs" or*‘buts" inthe caso, Referriog to the ro cent voto fn the House on the Branp bill, &4 soyst 1t 1s only nocessaty to recall the geograpbical ree aults of the two divislons In the 1louss t perceive o {lturul uceuracy uf this tatoniont, Take drb tho votu by States on the Silver blil. The South winy bo duscribed as *¢solid™ in ita'wupport, an tho Went s hrdly lexs pronounced.” South of Maryland and west 6f Now York and Peunsylvanls, but “eight votus wore cast agutnet it. Viegiota, North Lurullug, South Carollng, Atabama, Missiee sipply Olily, Kentucky, Tonnewseo, Iudiana, Hie nols, asiss, Luwa, Wiscousin, Minnes ro- wou, Kaneas, Novuda, Neorawka, and Kl {l ded not a solitary voto apainet o thnn which none more unprincipled or mtachioyoud wver went through Congrons, Georgis and Alse 80U give but one voto such, ——— On the 25th of October, in the Clty of Now Yorl, Mr. BAMUsL J, TILDBN lifted up bis vols as follows: Ona thing 1 promise, one thlog I swear, bofore the sasenibled people of Americu-~1 swear that the Goverunent u‘ Ameriea will bu reatored to the people nccording to the idea of its fouuders. ‘Fo *{dea of {ts fouudors” was that the man who received a majority of the Electoral votes returned by tho State authorities should bo President for four years. ‘The ofiico s filled un- til thedth of March, 1381, In accordance with this “ldea,' and when thet fact permeates Mo TiLDEN'S braln he will percelve the utter use tesaress of any moro profavity on his part, fo) it 18 m superituous set for him to “ewear" bev fure unybody on the subject. Tho thing is seb tied, Bavuee, ———— It 18 not through iguoranco of the game of poker, but through error In spplying and illus- tration, tbat the Now York 7ribune's arqument agatnst Mr, TILDEN falls to the ground, Draw- fog upon his vust expericare, tho editor do- scribes & *jack-pot,” and, ikeumg it to Mr TiLoey's Presidontial claims, cudeavors (0 demonstrate that e falled to *‘open ' becausd he had nut **as good as jacks to draw to,"” The Tribune obviously forgets that Mr, TILDEX “ecamo i for tho “pot™ with two Kuaves, Measra, ATTERION aud CoNovEL, and that Lo falled to win becauss of some littia uucertainty whetber his band belunged to the deck oo the tablo or 8 pack up his slecve, e—— e The Cincinnat! Commercial perseveres (o aske ing the Eastern goldite papers these quostions? Who of the poople called sloud and asked Coo= gross to protect thom forever from the burden vl silver money? Waa thure auy such populars cry!? Waa thers 4 word from the people on the subject? bid L’uugrub kuow what It was dojug? Wo wil #ive 8 liboral roward fur u member of Congrisd who will sny Lhat by voted for the dumonetizution of wilver, kuowing what uo was about. Naww the man whocan? We do not wish to belittle this qQuestion by speaking of the bondboiders. 'The #old interest ts that of the hulders of all sorts of @vidence of indebiedness. —— Thbe President, in bis messaze, talks of the necossity of paylug bondholders in gold. Io bis speeches for Governor o Oblo, fu the band uoney conyass of 1873, he was the ope tnau o0 the stuwp i the Stato who carcfully used the expression that the public debt was payablo fn cowy. Wby dld he say coln fnstesd of gold! Bocauso ho wus aware of tho fact that the law of March 18, 1504, passed expressly Lo watntals the public crodit aud to futerpret the boud cone tracts, Ald not say they were payable in golds but 1a coln, aud becauss be alio koew that the