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[ THE CHICAGO TRIBUNE: WEDNESDAY, DECEMBER 12, 1877. are the facts inafew words?' The facts are that ail the 5.20s and 10-40s were sold for greenbacks when the latter were worth 40 to 65 centa In coin. The Govern- ment nover reccived a dollar of gold for Thye Tribane, TERMS OF SUBSCRIPTION. BY MAIL~IN ADV, Yally Edition, ane you Partsof & lel‘. DeF It landay Editi y, one ‘s per monih.. WEERLY EDITI e copy, per yeal e o tobr..r Bpeclmen coples eent free. Sire Tost-Utiice address fn fall includiog Btatasnd unty. Temittances mayba mada elther by dratt, express, fost-Offee order, orin registered letters, at our risk. TRRMB TO CITY BUDSCRIBERS, Daily, deltvered, Bunday excented, 25 cents per week. Dafly, detivered, Sundsy inclnded, 30 cents per weck. + Address TIE TRIBONE COMPANY, Corner Madinon and Dearborn-sta., Chieago, 1il. Orders for tho delivery of Tna TRINUN¥ &t Kranston, Eaglewood, and Hydo Park lettin the cdunting-room wlilrecelve prompt attent! AMUS! LA McVicker’a Theatre. Madison street, between Btate and Déarborn. **Bldonle.” IHocley’s Thentre. Randolph street, between Clark snd LaSalle, Engagement of tho Hess Engilsth Opers Troupe, **Chlimes of Normsndy." 1laverly’s Thentre, " Mouroe sirect, corner of Deathorn, Madame Rents's Female Miostrels. Afternoon sud eveniog. Colisenm Novel Clark streot, ‘opposito Cou SOCIETY MEETINGS, ODGE, NU. 68, A. F. & A, M,—~Speelsl ct'l'fl?lxlfifl!‘lllnn thin (Wedneaday) evening at 7:30 S0tk Tor Work on the D 31~ Dewreq. KYery meniwr is upec(tdnm bflofl?m,:l:\[xw'flflfl brethern aiways Felsumus, Ry T Le WERMICK, S WEDNESDAY. DECEMBER 12, 1877. CHIOAGQ MARKET SUMMARY, The Chlcago produce .markets were generally active and weak yosterday, Muss pork closed 202 per bri lower, st 811, 60@11.02% for December and $11.90%11.02% for Janpary. Lard closed 10@ 12%c perl00 s lowas, at 87,80 cash or acller Jan- uary. Meatyiwero casfer, at 4l4c for boxed ahoul- ders and 0 for do shortriba, Whieky was steady, nt $1,05pergalion, Flourwaa dall. Wheat closed 23f¢ lowar, at 81,08 for Decembor and $1,08% for Janunry, Carn closed X@1%c lower, at 42%c cash acd 413(c for January. Oata closed cany, at ohige cash and 23%c for Janoary. Ryo was %o lowey, atfilc. Barley closod ecaslor, at Olc cash and0lyc for January, Iogs ware in heavy supoly (B, 000 hend), and the market was doll snd 10@ 15clower, closing weak at 34.06@4.25. Catlle were qulet and steady, with saleav? poor to cholce At $2.00G5.00. Bheen were salable at $3.008 4,25, Tnstoro in this city last Seturday, 000,457 Lu wheat, 054,339 bu corn, 117,742 bn oats, 58, 000 bu ryo, 525,462 bu barley. Wheat In Milwau- kee, 200, tu, Total insigbt eainc date, 10,074, - 401 bu wheat, and 5,735,053 bn com. Inspected into store fnthis city yesterday morning: 110 cars wheat, 102 cars corn, 33 cars onts, 8 cars rye, and 40 curs barley. Total (311 cara), 13,000 ba. Ono hundred aoliars in gold would buy $103.12i¢ in greonbacks at the close. Groonbacks at tho New York Stock Ex- change yesterday closed at 074, ' Tho paper by the Hon, II, G. Mirrzs, of this oity, on the dlvor question, which was rond on Mondny cveniiig before the Philo- sophicsl Society of Evauston, is entitled to * the wida cirenlation it will receive through its publieation in our columna this morning. It is o close, analytical argument in favor of n double standard and the fall rorionetiza- tion of sliver, and will amply repay perusal, Detnils of the surrondsr of Plovos show that 40,000 soldicrs under arms and 20,000 nitk amd wouunded in hospital foll into the hinnds of the Russisos. Muumier Au has been romoved from his. command and re- placod by Cuamin Pnsha, Tho belief i rapldly gaining ground that the Porte is about to ask for & general armistico, with o viow to ontering upon negotiations for peaco with Russia alone, ~ ——— 'Tho Front-Door Comminsion has sub. mitted a compromise report, which contemn- piates not only that Clark stroet shall be fitted out with an ingross, but that Dearborn street sholl rofaix what it had, that still another publio cutrance shall bo provided for Adams stroet, and that the opening for mnil-wagons shall be on Jackson street. The Commission ropresent that no structuml chauges in the plan of the bullding are in- volved in their recommendations, and it is thought probable that the roport will bs con- curred in by the Bocretary of the ‘Iroasury aud the Bupervising Architect, Mr, Coxnimva's reconstructed Committeo on Commeérco has fulfilled its functions in nceordance with the original design, With its fivo anti.Administration Republicans und one Coxkring Democrat, tho Cominittce hud no tronblo in making up & roport advoerso to the coufirmation of Massry, Rooszvert and Parvce. Mr, CoNkLiNg counts upon sufi. clent Democratie support to insure concur- ronco u the report, and it {s sald ho has al. ready porfectod arrangoments to thia end. "The alacrity with which the report las been ogreed upon would scom to indicate that the chief of tho Implacables is sure of his foot. ing,~—or at lonst that ho thinks ho {s, ———— ‘The Prince of Montenegro, whilo exaiting the admiration of the world by the pluck and sbility he bay shown in leading to vic. tory bis handful of soldiers, haa not succeed- «ed in securing at the hands of tho Turks that degree of respect which 18 accorded to bravery by civilized pooples. e hns givon the Turks plenty of reason to fear and hLate him, but prcbably had-not auticipated an attewnpt at assassination, The house he oc. Jcupiod ut Antivard, belonging to a Moham. wedan Boy, was undermined and blowa up, but the Irince had tho good fortuno to bu “‘not at home,” and the ulaughter was re- stricted to tho killing of one and the wound- ng of six soldliers @ - — Yesterday was not & bad day for hogs in Chicago, Tho largest number of these ani. wals that had over boen lod to ulaughter in nuy ono day proviously in this city was on Nov. 19, 1474, when something more than 48,000 woarchod to the sacrifice, but yester- dny considurably more than 54,000 hogs were received. ‘The value that theso hoge contributed to the business of Obicagoina singlo day way somothing less than thres. quartors of a million of dollars, but it was os uch o4 the entire annual hog-trade of Oincinnati at the time that city acquired the destinctive appellation of * Porkopolis,” and about one-tenth as much as Cinciunati's an. nual bogdrade i now. At this rate of progression, it will not be long before Chi. cvgo will kill as mauy hoge in one day as Cinciunati in & whole year. In point of fact, the pouslbilities of Ohicago's trade in hogs (which is now equal to the combined trade of all the other cities of the West and South) arv ouly limited to the capabilities of pro. duction and roproduction of the species, e — A corrcspondent writes us as followss I un just confronted with tho statement that il our boods were paid for ingold Not -oclioving it, I of course denled it What those bonds, They wore all paid for in logal-tondor ‘notes. Our bankers importing merchants, bonds, wera in ing solling thom for exchange on New York or for merchandise, Little or no gold or silver was ever sent to this country from Europe to buy bonds. The balance of trade was heavily against us from tho time the Tebellion got fairly nnder way until long after tho war was over, and onr importers, finding gold and silver very soarce, bought ‘bonds with greenbacks and transmitted thom to Europo, where they wero sold for drafts on New York, or for chocks and bills, and with these the importers bought merchandiso, while our Government nover received any. thing excopt greenbacks for its bonds. —— 78 postponement of his trial until next Fob- ruary. avoiding ono of tho protexts most llable to incline the Buprema Court to nullify & ver- dict of guilty, Is commended by intelligent people gonerally. 'The outlaw is now dis- playing s degree of generalship in the con- duct of his case worthy the reputation he achioved in the flelds at Bt. Elmo and Gil- son, and, supported by father and brothers, hio will at onco fortify every stratogical point in our highly-defective oriminal statutes. An once, however, spring forth with an ontire disre. gord of the fact that in this extraordinary passes of the Balkans, undefendel, ing au army of 60,000 or 70,000 men to hold Rustchuk nud Silistria on the Danube, Shumnla near the Balkans, and Varna on the Black Sen, will not defond tho home prov- ince, Roumolia, or the Capital, from falling foto the hands of the Russians. quicker he can got his troops away from what is left of the Ottoman causo, thla payment of the debt in stivor. tions the rigut of the Qovermaent to mako such and after purchasing tho habit of sond- them to Europoan houses and The outlaw RANDE was yestorday granted The discretion of the Judgoe, in thus army of legal mercenarics has enlist- ed in his cause, ond n - phalanx of physicians from St. Louis will be on hand to sctunlly prove that he has o monomania for killing peoplo. succeed in legally establishing this otherwise established fact, his lawyors have no fenr 1If thoy shall that society will lose his chastoning pres- The high hopes of his attorneys, caso there aro manifestly two courts of appeal, one of which may suspend the judg- ment of the lower court, but {n which caso the other will be very likely to suspend the outlaw. Yosterday's voto in tho Sonato, refusing to postpone consideration of Mr. Marrnzws' oconenrrent resolution and take up tho Bilver bill, is not to bo construed ns denoting hos- tility to the latter mensure. Tho corroat theory undonbtodly is, that a very large majority of the Senate is in favor of the doc- trino sot forth in the resolutionm, which ro- cites that all bonds, the payment of which in gold is not oxpressly stipulated, *“ aro paya- ble, principal and interest, at the option of tho Government of the United Btates, in sil- vor dollars of the coinage of the United States contoining 412} grains each of standard silver, and that to restoro to ita coinage such silver coin a3 legal-tender in payment of said bonds, principal and inter- ost, is not in violation of the public. faith, nor in derogation of the rights of tho publio creditor.” It Is the ovident design of tho allver men of tho Senato to paas this resolu- tion s o preliminary to tho passage of the Silvor bill, the subsequent pnssage of tho Intter boing a matter of course. certain that avote will be taken ont tho Marrnews resoluticn bofore ndjournment for tho holiday recess, or thap the Bilver bill will come up for pnssnge beforo that time, Lut it is very ocertaln thal both moasurcs will eventually pasa tho Senate. It is not Tho Turks at Plovna must havo suffored frightfully by famine as well os by battle. A month ogo it was wellascortained that OsyMan Pnsha had an army undor him of more than 0,000 men, roudered is stated to be only 40,000 fit for duly, and these little batter than living skel- otons, havo perishod within thirty days of starva- tion, shot, and shell, but cliefly of the former, The number of Turks who sur- One-third of tho whole Turkish army Tho road ia now open to Constan- tiuople as soon as the Rusaians are roady to morch upoi it, The Turks aro in nearly as dosperate condition na the Robels were after Lxe's Sorenan Pasha may hold out in the surrender at Appomattox. Qundrilaternl fortrosses of Bulgaria for a short time, but by so doing he leaves tho rond to Constantinople, by the westorn Keep- Tho the Danube aud out of Bulgarla, and au near Adnannple as possible, tho better for The forco of Meurmer Awr, which is some. whero in the vicinity of Sophia, will not be ablo to make much resiatance to the viotorl- ous march of the logiond of the Ozar on the old Capital of tho Greok Empire. BAVING TWO PER CERT INTEREST. “The Washington correspondent of Tae Ontcaco Tamune has hind & convorsation wit Mr, Hewrrr, the New York Congress- 1080, in the course of which the latter ap. proved of Prosident Haves’ position on silver remonetization, aud expressed himself as follows ¢ Why, my dear sir, it Isn't a question of legality, No oue quese payment, bai just look at It Capltalists stand. ready (o takeour boude at 4 per cont, if we will pay them in gold, while it we make thom payable in wilvor thoy want 6 or @ perceait. Bhall we not save this diferenco to the tazpayors? I am not, nor §s the Demecratic party, working for the bond- lolder, Lut for the people, and, if the bondholder 1v collaterully hielpod, o ls 10 bo congratulates, but that 1s ot vur object. It s not a question uf the Government's right to pay In sliver, it ivn question of expediency} and it ls perfectly plaln to e that, §f 1t costs ue lcax to pay in gold than in allver, 1t {s onr duty to pay In gold, This is virtually the chist roason assigned by tho Presidont in bis messago for opposing remonetization, It ssoms to be accepted as o atatemont of faot by thoso who are in doubi on the subject, and is certainly used by thoss who favor the bondholders and ocapitalists as A specious argument to convince the people that money in large ninounts oau be saved in interest by re. fusing to rownonetize siiver, but not other- wise, Thgro' are outstanding $720,000,000 of bouds bearing 6 per cent interest and $708,000,000 of bonds bearing 5 per cont in- terest. By reducing both clasaes to 4 per cent bonds, there would be au annusl saving of $21,660.000 in interest. The President and AMr, Hzwirr say this can be done on an ex. clusive gold basis, but not after tho remone~ tization of silver. Whether or not it can be dong a} all is n matter of more or less specu- lation. It is certain that the refunding came to a standstill a couplo of months 880, beforo the meeting of Congress, and before the remonetization scheme had taken & definite shape. Bat, if refunding ut 4 per oont is possible at all, it is as easy on & silver bonds may be paid in silver. says this onght nof, to bein the case of bonds issued since 1873, wion siiver was demonetized, but thers is no question as to the striot legality of the procedure. has never beon o promise to pay in gold alone. All the acts of Oongress designed to strongthen the nationnl credit or nuthorizing the i{ssue of bonds have nused the word coin,—not gold,—nand the specific act under which all the refunding bonds were fssued stipulato that they shall be payable in coln of the standard valune of July 14, 1870, which included both gold and silver. cipal and interest of outstanding bLonds may lawfully be pald in either gold or silver, This being the case, the refunding scheme may procoed on n silver basis as wellasn gold basis, If gold alone is tho standard, the Government offers gold, or gold bonds at 4 por cent, in exchange for the old bonds; if silver be romonetized and the Government vestment, basis as on a gold basls, and probably it will prove to be easior because of the greater abundance of silver ond the natural desire there will bo to maka it profitable. Mr. Hxwrrr admits that the outstanding The Prosident There The prin- call in any of tho outstanding 6 por cents, it way offer silver, or silver bonds at 4 per cent, in exchango; if tho holders of tho old bonds called in do not desire to tako thelr money they will take the new bonds at the new rate, and, if they do desiro tholr monoy rather than a 4 per cent investment, they must take it in silver, It tho ruling rato of interest at which tho Govornment, oan borrow money be 4 per cont, it will be 4 por cent in silver as well as 4 por centin gold, nfter silver shall have beon rostored to its money fanotion. It will not do to say that an addition to thoe stock of lawful coin money will increaso the rato of interest, Thero may bo n difference in the rolative valuo of gold and silver. We will nasmne that tho silver dollar, after remone- tization, will bo worth only 95 conta with a gold dollar at par. But if the par gold dollar will only earn 4. percont on its value, then the silver dollar will earn only 4 per cent on its value, Mon having silver to invest will scarcely expact to earn alargor rate of interest thereon than mon baving gold to invest. When the Government offers refunding bonds on a gold bnsis alone, it ro. quires a payment in gold, and virtually agrees o repny principal and interest in gold; when it offers bonds on n silver ‘basis, it expects to receivo silver and pay sil- ver; whon it offers bonds for gold or silver, it expects that the purchnsers will pay the cheaper of the two, aud roserves the right on its part to repay in the cheaper; but the ruling rato of interest remains the same in any ond all of these casos. The orror that must havo misled the Prosi- dout, Mr, Hxwirr, aud others in regard to this mattor is tho assumption that tho Gov- ernment would undertake to sell bonds for gold at par with the understanding that tho intorest and principal should be payable in gilver; or, in other words, that the Govern- ment would oxact tho dearer motal ir. selling its bonds nnd reservo the privilege of paying them in tho cheaper. Of course, 4 per cont bonds conld not bo sold on this basis; but nobody thinks of trying it. The purposo of offering 4 por cont bonds is to got monoy whorewith to redeom & por conts and G por cents. Dut both theso latter may bo paid in silver n3 well ns gold, and tho purpose is worked out by obtaining silver just as fally as if gold wero securod. If nman has 31,000 in gold which Lo wants to invest in Governmont bonds; and tho Govornmont “offors 4 per cent bonds payable in gold or silver, ho will gell his 21,000 gold, if there be n promium on gold, convert it into silver, and buy the bonds with thesilver. If he was willing to tako 4 por cont gold interest on his gold in- vestment, ho will be equally willing to tako his 4 per cont silver interest on his silver in. If, then, the debt can bo refund. ed into 4 por conts on a gold basis, and thore- by mnko an annunl saving of over $20,000,~ 000, it con likowise ba refunded on n silver Losls and make alike annual saving. The probability is that refunding in 4 per conts will bo an easier matter with both silver and gold than' on nn exclusively gold basis (the old bonds and thu new being alike poyable in silver or gold), Bocauso thoe stock of mon- oy will be enlarged and proportionately cheapor in the market, em——— o THE TURKISH DEFEAT. The long war between tho Muscovite and Mussulmau, commencod by Peren the Great over a contury ago, draws to its olose, and promises to end the protracted aud bloody strugglo with such overwhelming disaster that the Tarks can never again ronew it, oven if thoy aroallowed to remain in Europe, The knell of Turkish power hns sounded, first ¢ Karaand now again at Plevna, in each case suddonly and fatully, The war in Asia Mivor hung upon the ssue of Kars, When that ‘fortress fell, Batonm yielded of neces. sity, and Erzoroum must soon follow. In Europo, the Turkish Government concen- trated all tho resources of its threa great armles around and {n Plevna, and rested its hopes of final guccess upon that fortress, Its sudden and complete fall marks tho third groat opoch of the war, the firat being the passage of the Danube, which gave the Rus. sians a foothold and ultimate possession of Bulgaria; tho second being the capture of the Bhipka Pass, which they havo sucoess- fully held, and which gives them control of the most advantageous entranco into Roumelia. Tho third great epoch, the fall of the Turkish objective point, which rempves ono entire army and palafes tho other two, has passed, and now, after Plovaa, what? There are but two an- swers to choose from. Turkey must now sue for peace, or fight on in this contest of despair only to defor for a short time her inevitable fate, As tho Buitan himsclf is discouraged, aud has for ‘some time boen in favor of peace, and as tho radical War Ministry wos deposed from power but a short time ago, it is not improbable that the Government way negotiato with Russia for’ peace, indopondent of all tho other Powery, not only to show its contempt for England, but with the hopa of getting better termuy. On the supposition, however, that the Turks will contluue the fight, it is not diff. cult to forecast tho future of the campaign. ‘The fall of Plovaon reloases the Grand Duke's army. The army of Burxmuaw Pasha fs botween the Czarowitch's army along the lne of the Jantra and Gen. Znauzmaax's Dobrudscha anny Jying botween Shumls and Varma, Mzuewer Awr's force is at Orchanlo, southwest of Plevoa BuLEnaax is contronted by a force amply abla to take care of him, mask the fortresses of the Quedrilateral, nod force him through the castern passed down into Roumelis, i¢ they do not bag his eatire force. Moanwhile, the route from Plovoa southward to Bophia and thence soutbeastwardly to Adriauople'is open to the srmy of the Grand Duke, Mx. HxuMer Avl bas but a small force, gathered from Bognis, the Bervisn frontier, snd from Adrianaple, and must retreat at once into Roumelin. Gen. Gounzo and his small cavalry force have hold him at bay and pro- vented him from relieving Omax Pasha, Tt eight or ten thousand cavairy conld hold him at Orchanio, tho army of the Grand Duke, flushed with viotory, would sweep him away liko the whirlwind. If Burxmax Pasha can reach Roumelia, nud Mznexer Aur offect a safo rolreat into tho interior, it is not im- pussible that tho Turks, by concentrating all the troops at Constantinople and Adrianople, and wniting them with these armies, might make one moro sland, but it would bLe aa nscless a move s that of the ono pleco on the board which goes one aquare more into tho inevitable corner, whero it is loat. “Lhero nro other fnctors to bo constdered in’ producing this result which have thus far been mlont. The fall of Plovoa will bo the sigual for Servin's declaration of comploto independenco from the Turkish yoke and for ior active partio’pation in the close of the war, whilo from tho far south, Greeco aud Creto, who have only boen walting the present opportnnity, will not fail to put in n plea for independence by armed interven- tion on the side of Ruasia. 1t 18 enster lo traco tho probable direction of the campaign than to forecnst the condi- tions of pence and tho changes they will make, B8hould Turkoy fail to negotiato n ponce strictly with Rusaia, then the making of penco will be in the hands of Austrin, Qermany, and Russin, It is ovident now that England whit play no immediato part in the settlement of peaco. The London T'imes boars very siguifiennt testimony on this point in tho following extract sont by cable yesterday : Tho Tarks rofueed to accept .tho condition on which Eurapo, Including ourselves, offored to cons tinae our fall recoguition of thelr Empite, snd oy must bo loft to take tho conseqticnces, Thoso consequences must sooner or Inter be the forfelture of soma of their anthority, 1f not of their torrl. tory, in Europo. No European Power, rnd this conntry least of all, will Interfere to prevent that consequence., This romarkoble atatomont, which is for- tifled by o mumilar doclaration .in the NVetws, foreshadowing not only the loss of authority but nlso of territory, showa that there is a ravolution of opinion going on among the English people with roferonce to the Turks, nnd that England will. leavo them to their foto. The destruction of Turkish anthority, liowover, and even the division of Turkish torntory, will not satisfy strict justice. Tho only logical ontcoma of this war will be tho dispersal of tho Turka and their relogation to their Asintio possessions, They aro n bar. barie race of Asiatics, having nothing in common withk European civilization to-day more than they hed when their ancestors in- vaded Europo thrco centuries ago, aud Belavie autonomy will never be complately guoranteed until T'urkish power and name aro no longer known in Europo. THE INTRINSIC VALUE OF BILVER, Bountor StaNiEY MaTTHEWS, Of Oio, do- sorves the thanké of the Ameriean poople becauso of his opon challengo and denial of tho allegation that any part of tho nationnl dobt is mot logally pngablo in silver dollars, Ho submittoed, in the forn of a concarrent resolution for the adoption by the two Housos of Congross, n declarntion that it would bo logal, oguitable, and moral to re- stora tho silvor dollar; that tho restoration of such dollar was demanded by truo finan. cial wisdom; and that the right to pay every portion of the public dobt, principal and intorest, in silvor dollars of 412§ grains, was wuathlhiod By gyopy, wordiok,overy.onmofuthe pubiie nots on this quostion from 1862 to tho Rosumption law of 1875, Ifo has put this declaration in tho form of n rosolution, that it might ba adopted and be published to tho world, Bonator MarTnrws, howover, innddition to the discussion of the legal question, involv- ing, of courso, the moral question of paying dobta as required by tho lettcr and spirit of tho law, mot the nssortion that silver had depraciated in value by demonstrating that it was gold thiat had apprecinted. In support of this ho oited tho universal teatimony of the time. Tho following is a part of the Benato dobate oo this point;: Mr. Matruswa sald: Thero were considerations of anothor re which Invited discussion, and into which perhaps tlhe Sonato ought to go, into which perhaps some who would take pari in tho discusslon would necessarily go, but he would only bricfly refer to thom, It had been sald that silver hed dépreciated in value, llow was tho loss measured? Bygold. Why not say gold had ap. praciated in value? 3 Mr, Eatox—Ilas not sllver depreclated in the purchaso of evory product? i Mr, Marruiws—I snswer sliver can to-day bay more of any known product of lsbor than It could In July, 3870, here and In Asils, Nowhere in tho world haw sliver depreciatod the breadth of a halr. On the contrary, it has malntained its poat- tion. Itcan buy to-day moro land, morb houses, more callco, more everything, than it could in 1870, Nr, Eaton sald ho agroed with the Sonator that 1t could ta America, bot it could not abroad, Mr.Mavrnxwa—What have we to do with aboad? ‘What have we to do with tho inquiry whethor lande und houses nbroad have approciated or nott Who 18 thero who does not know from actual personal observation that overything has gone down, and that gold alone haa gone up? Nothing could pre- vunt persona from secing that but the bilndness of those wha had Jolned the coneplracy to cxalt gold a8 the king of money, Mr, Epuusps sald, taking the remarks of the Souator to Le truo uboat silver and gold, why would nol:dhl- philosuply spply as well to copper snd gold? Mr. Marrnzws—We alil not agreo to pay In cop- per. by Mr, Evsuxns then asked if the Senator from Ohlo was guite sure yold had appreciated, and if tha price of allks in Prance In gold was so high as five years ago. Mr, Martunws, resuming his azgument, ssid he had the teatimony of his own persopal experience, tho testimony of tha list of bankrupteles through. out the country, the testimony of the It of Shoriffs’ sales, to the effect (hat everything but gold had depreciated In valuc. What elss meant all this cry of dlscontent? What olse meant ull this murmur of dlwatisfactlont The distrese of the country now wos beyond all historical com- parison in our country, and It wonld tako but a few more turns of tha whcel to throw the great wmass of our people Into bankruptey, In concluslon, Mr, Marruzws argued that if this apprectation of guld shstl continue, the beat investment possible would bo to lock it up sad ‘walt its appreciation. In this point is conspicuously shown the great wrong and injustics done to the world geverally by the German and American de- ‘monstization of silver. It is impossible for |. one or half a dozen uations to affect perma-~ nantly the value of siiver by demonetizing it. Silver is and will remain the current coin of nearly two-thirds of the people of the world The German demonstization had the cffect, however, of, plscing on the market scveral’ bundred millions of dollars of silver to be ex- changed for gold. Had the demand been made for wheat or pork, there would have been a great addition to the value of thoso commodities. Had Gormany offered to purchase that amount of naval stores, or munitions of war, aud to pay for them in gold, the unusual demasd would have advanced the prices of all thess com- modities. - 8o with the domand for gold Tho domsand was largely in excess of the entiro aunual product of gold. Germany not only made a demand for a large propoz= tion of tho present stock of gold, but also for the entire product for some time to como, Germany sought to captura gold alrendy on hand, to take all of thoincoming supply, and to cut off all other nations from their ordinary &qnisitions of the metal, Of necessity, the extraordinary demand for an artinle alwaye in limited supply largely in- crensod tho valuo of gold, It did not affoct the valuo of silver, oxcept when. offored as. an oxchange for gold. The silver in London is quoted at its price in gold. The annual demand for silver is o regular one, equaling, with light variations, tho amount annunlly produced. Gormany placed on the market, to ba exchanged for gold, her entira mlver colnage. Bho has been endeavoring to pur- chase the gold, but it is not to Lo had, thongh she is offering a large prominm forit, In the meantime, in oll parts of the civilized world an ounce of silvor commands ag much property of every kind as it hns done for the Inst ton years, The silver dollar, which in 1878 would purchase 103 cenis in gold, will to-day purchase s much land, and as much of evory other description of property not affected by peculiar circumstancos, as it did from 1860 to 1878, except gold, and tho renson 1Is, that under tho special do- mand for gold the value of that metal Lias risen boyond all modern precedent. Tho silver doliar of 412} grains can purchaso as much property of overy kind, except gold, 08 it could whon it waas worth 103 conts in gold, and the conclusion is irresistible that tho present differenco in tho valne of the motals is due to an appraciation of gold, in which commodity only is thero a decline of the purchinsing power of silver. The great nolge and hullabaloo that have beon raised on the assumption that the silver dollar will be worth only 92 cents on the dol- lar are without cnuse, 'Tho intrinsic value of tho silver dollar is nnchanged when con. trasted with the value of all cther property than gold. Tho fnsano ambition of Hecre- tary Smenitan to resumo specie paymonts in gold is auother item in the demand for gold which tends to give it an oxtraordinery value < Wo have nothing particular to do with the action of Gormany in demonetizing silver, bat we have tho power to remedy the un- fortunato action so far ns this Government Is concernsd. Wo can rondor gold unnecessary in this country for auy purposoof pnying debts, prineipnl or interest, or in paying du- ties. Wo can make silver receivable for every purpose, and for tho purchase of all forms of proporty.. Wecan thus withdraw from tho gold market. We can, if noed be, ro- Ioase the hundroed and fifty or more millions of gold in this country,” throwing it upon the European market, and materially brenking up the gold combina- tion by moking the market abundant nnd cheap instond of searco and dear, The ro- monetization of tho silver dollar s demandod by overy consideration of right and justico, wisdom and expediency. Why should the poople of this country punish and bankrupt themselves by giving to gold an extraor- dinary valuo, adding from 10 to 20 per cent of all forms of dobt, and depreciating all other forms of property to tho same oxtent ? Lot it bo remembered that tho silver dollar of 412§ graina is worth to-day asmuch in the purchaso of all forms of property, ox- cept gold, a8 it was worth whon it could purchose 103 conts in gold. Why, then, should it bo demonetized? If it bo worth tho samo aw ever in the purchnse of land, ‘why not in the paymont of debts and in the X?M%Wd&h Why should tho silvar ollar not bo restored to its old rank and valuo among the colns of the country ? THE NORTHERN PACIFIC RAILWAY~-EX. TEND THE LINE. H. E. Sanoent, Esq, known to all onr lending oitizons for many yoars ss tho ablo Buperintendont of tho Michigan Central Railway, and now oocupying the same posi. tion on the Northern Pacifie, was in town on Mondny, and gives the most oncournging statements in regard to the prosent condition and the prospoots of the road, What distin- guishes the rond from nearly all the milways in the country s tho gratifying faot that it ia absolutely free from dobt. It was sold out, sudboughtin by thebondholders ; theytorn- ed anew Company, and thus tho old stock and dobts were nll wipedout, Tho Company have sowme 450 miles of road, extending from Lake Buperlor to Blsmarck on the Missonri, and 100 miles or moro from Talama on the Columbia River to Tacomn on Puaget's Honnd, Jrom the net earnings of the road during tho past season they have built thir. ty-fivo miles from Tacoma to tho coal fields, and thus tho citica of Orogon are 1ald under contribution ns n market for coal. fha Company are considering the best moaus to extend tho road some 220 miles westward to the Upper Yellowstono, thus giving thom tho control of the trade of Montana, Thore can be no doubt whatever that tho lino is ample security for a modorate fssuo of bonds, and if these can be negotiated on favorable torms,— and thoro seoms to be no valid roason why they should not,—it is not unlikely that the road can be bullt to Montana during the yoar 1878, This wounld incroase its usefulness nnd resources immensely, and be a sure promise of its completion to Pugot's Sound at no distant day. The markoting of tho lmmansewheat evops of the Red Liver Valley during tho season has furnishoed a largo business for tho road, and the faot that such crops can bo ralsed thero hns stimulated boyond oll precedent the settloment of the country. COol. Powzz, the land-agent of the Company at St. Paul, i{s running his office night and day, and can scarcely keep up with the demaud upon him, Gontlemen who Lave beun over the entire line of the road, and who have scon and stndied tho oountry along the line of the Oentral and Bouthern Pacifie Rallways, give it as thelr decided opinion that there s more than twice as much land capablo of scttloment nud profitable culturs along the line of the Northern Pacific Rall- woy than there is along both the others, The faot is important, exccedingly so, when considering the resources aud the prospects for the early completion of the road. The Company will be obliged to go before Congress nnd ask for an exteusion of tho time for the completion of their road. This request, mado neceasary by the paulo of 1873 and the dopressed condition of the finauces of the country ever since, i3 s0 reasonable that it is hoped thers will bo no seri. ous cpposition to the moasure. It is siply an sot of justice- to the enterprising men who are building the road, and to the people of the country through which it .runs. Let the sct be passed, and the road will have the means from itsre. ceipts, from its lands, and the substantial socurities it will have to offer to the capital. ista of the country, to- extend its line east- ward and westward with all reasonable digpateb, and the time when trains for Puget's Sound will be made up right here in Obicsgo morning and evening may bo much * Gon. TobLznun domonstrated to the entiro nearer than onr most sanguine citizons would dare to predict. Lot it come, A Washington s‘pé&lnl to tho Post sayat Ono of the yellowest of the gold Senatora told me this morning that on his inance policy the Preai- dent had no party behind him In Congress or any- where clse. »An this Senator on thls subjoet ardently austaina tho President, this confession may be regarded an important, Tle rald hoe fenred the MLaxn blll, pura and lm\i)\e. could bo paescd in botl ffansce over the Presiilont's voto, and was certain that the bill, with tho ALtinox amendment, conld. ThiA i tho bill now pending in the Sennte, and to come up to-uay. The sflver men aro Lope- fnl of getting it 1o a volo beforo tha rocess, but this is nardly probable. et —e 1In case MacManox, velding to the advles of thoso who arc styled his Invisible counsaslors, determines upon a coup d'dat, there is reason to believo that the result will be of the kind de- scribed by (rorar STErnensox, the inventor of therallway locomotive, when asked by a com- mittce of doubters what would bo the effect of acow on the track in front of onc of hia new- fangled machines,—~it will Le * bad for the coupt e —— 3 The Times' man Wirkin docen't appear to have known anythlug ebout the capture of OsuAN Pasha's army; he bas been sending cablograms when thero was no news and failing tq transmit when there lssomething worth send- fug, What ho Incked was o nose for nows, Tun TRIDUNR'S represcutative was on time and at- tending to is bustness just whon his services wera in requisition. T —— Consul Beaucnanr, of Terro Haute, should nat hayo allowed bis ambition to get the better of hia discretion. Ife enjoyed obscutity and s fat oftice at Cologne, but his aims were higher ~ho would bo satisfled with nothing lcss than tho Belglan Mission. Henco the exposure of s flliteracy, & general laugh at hls expense, and the possibility of his losing tho fat oflico at Cotogne. B . e —— The Czar recently hnnounced his Intentlon to return to Bt. Petersburg about the 23d fnst. Bince the surrender of OsMAN Pasha’s army at Plevoa the Czar may conclude to first pay o wvisit to his turbaned brother, the Buitan, at sun- ny Stamboul, before returning to his own cold Capltal fu the frozen North. e Jo MepiLt, It Is snpposed, will andertako, for a wagcr, to eat forty Wall street Shylocks in forty daye.—Zlmes, It woula be n safe wager for him tomake that WiLnim Stonzy will *flop " on the silver ques- tion, and help him eat the Bhylocks before the vernal days. ““You hear me!™ | ‘The Laby-show epldemic 1s spreading with alarming rapldity, Already a speculative Chi- cagoan has rented the Tabernacle and issuca his prospcetus for a show of unusual proportlons. Thero s money in the scheme, according to this enterprisiug manager, y 1liinois has aent to Congecas a stalcsmon by the natno of Harrteon, —Philudelphia Fress. No she haa't. Thero {s 6 Communistic- Bourbon demagogue of that name from [liinots, but bo I8 nu “statesman,’ and nobody calls him one. If the President vetoes the 8liver bill {6 will prove tho mistake of his life. What he sald in nis measage against tho silver dollar has nlready cont him multitudes of frionds, whoee placcs the Slylocks will never Ml | f ——e Tho 8hylock class of gentry aro evidently weakening. They sco the silyer dollar rolling on a3 [rresistibly as fate Itself, Gentlemen, sho Is going through, and you can’t stop her, } Sranny, though not a marrled man, has Jearncd what it [s to buvo bis halr turn white prematurely. The experlonce I common with peopls who carry the war Into Africa, | ‘The wiscst thing the President can do is to ro- conslder lis foolish purpese of vetolug tho Bllver bill, for if ho dues mot tho peoplo will voto hitm, “suro as shooting.”, f ‘Tho New York charity ball Is a 1ittlo behind the times, for the Russo-Turklish war will prob- ably be ended Lefore tho proceeds can roach Bt. Potecsburg or Constantinople. | Abont 700 saloon-keeers of New York were arrested In three days for not having supplied thomsplves with liconscs. Tho temperauce movement ls looking up. | ‘Tho victory of_tho sllver dallarin the Benato will be as complcte as that of tho Czor's army over tho Turks at Plevna, | satisfaction of the Grand Duke that spades, not clubs, wore trumps. iy | ‘When the Times hears about the full of Plovna to-morrow, won't Mr. 8ToREY be angry? | The sliver dollar, llke truth crushed to earth, will rise agaln. ——— PERSONAL. Albani'a father snys that sho is not mar- ried. . Geon, Hood will soon publish a history of his campaigns. Will Carlton, the Michigan poct, is sald to be an applicant for a Consulahip. Pinchdhiaok prints a weekly newspaper in the'Interest of the colored people of Louistana. Washington Natban was 1dcked up over night ina Now York polico-station mot long sgo for dlsorderly condnet. The second volume of Dr, Fields' trip around the world has Leon published, undor the title of **¥rom Egypt to Japan,* Miss Ruth Dana, second daughter of the editor of the Sun, was married o fow days since to Dr, Wyllam Draper, o physiclan of New York. Mrs, Augusta J, Evana'Wilson, author of $+5t, Elmo,” *4Toulah," etc., ls In New'York vinting Mrs, Vandorbtit. Mrs. Wilson's homo teln Mobvlle. A young man of Oambridge, Mass., who has beun cirenlating the Sradlangh-Besant book on tha Malthuslan theory, has beon bound over to answer the Grand Jury, | ‘Tho Cluciunati Commerelal ventures upon this feoble Joke: **Mr. Walterson is supposed to ba thu best £ a. m. editorial writer In tho country, —=Now Orieuns Pleayune, And sixty minotes Leotter than the great 1 . m. The whole name of Gen. Torgukasoff means simply **son of the priest Luke," Yoap- pears to be another axcoption ta the ralo that sons of {ho clervy turn ous baaly. 1els an Armenian, saaroalso Quns, Lazsrof and Melikoff. Jomes E. Murdoch dosires to inform the public, and particalarly church commilices, that he fs still fu the Acld as o reader. With Mre, P, Keuble, ho says that, though reading is in a cor- tain degree his butter, 1t 1s not in the dry senso bis bread, A nowspaper humorist has compiled this origfhsl pootrys S Whoa David Davia feels bad, Democrat th Whe bavtd Davis fesla padun Pemecitk e e P o § But whoty y.-,v“t‘& Davis gots mad, why, thon ho's the The latest performance in London, and one which draws & salary of $300 per weok, Is tho startling foat of Zagol, s young girl, who dives through the alr aud lands In g uet niasty feet bulow. She drops head fret.” but gently and gracotully awerves In her fllght untll at last ebe atrikos on hier back in tho net und arlses unharmed. ‘The word *‘bookplate,” which has been in constapt use for two centuries. Is not found In any of the dictlonarica. The Boston Journal ob- werves: ** The Nineleanth Century haa introduced tno word *Bymposium’ in the senso of confersnce or discusslon, sod the fasbion is copled in sumo quarteri—by the Now York Fosf, for example. Now, according to Wobstur, & symiposium s ‘s drinking together, a worry feast,’ which s scarcely what either the NineleenlA Ceatury or the New York Post means. The bettor word is sympostac, which, by the same suthor, mesns ‘a conference or conversation of philosophers at s banquet.’ Tho morusl of which Ls, that, If we sstoat to moderus 120 obsolote or unscustomed words, it ls wisa o ¢hooss such s express what we mean. +| Itwould api e N e e~ e s o T CRIMINAL NEWS, Rande Brought into Court at QGalesburg Yesterday. A Formidable Array of Counsel Asks a Postponement, The Court Decides that Ho Would Brp in Rofusing It. A Continuance Until February Accordingly Granted. Two Mon Kill One Another with Re. volvers Nenr Liberty, Ky. SFRANK RANDE.® Bpectal Disvateh to Tha Chicazn Tridune, Qarzanuna, Ill, Dec. 11, Notwithstanding Frank Itande's allezed Inability to puy counsel, no lesa than six lawyers appesred in his behalf thyg morning, 1t will be remembered that when he waa brought up to plead twwo weeke azn tho Court seanigned Messrs, E. If. Leach, 1L C. Hunt, and 0. F. Price, of the Kuox County Bar, to defend him, The dlecovery of his identity with Charles 4, Bcott was made & weok or o later, and his friendy rosldont In Jows proceeded to take nctire meas. nres, ‘The Hon, P, P, Btubbs, of Fairfleld, Ia., Indo Democratie candidate for Uovernor of that Btate, arrived here a fow days ago, and Messrs, A, Bradstaw, of Bloomingion, 1., and Hea ¥, Clark, of 8t. Louls, are nlso assoclated in tha de. fenso, Tho Siate's Attornoy, Mr. J. J. Tunnl. clift, on hiseide called on Mr. James A, McKen- zle, of this city, Yosterday it boeame known that the defensc in. tonded to apply for a continuanco until the Feb. runry term. The afidavits wore not filed, but the Blata's Attorney was notified of the fact, and the prosecution resisted-the clafin, Tho caes was called shortly aftor 0 o’clock this morning, Judge A, A, Smith on the bench, Abont 200persons ‘woro prosent, the Opora-1fousc, in which court {s held, being not more thau one-fourth tlled. Two brothera of the prisoner, Wiliam ¥, and Leroy Ecott, werein conrt. Willlam ULenrs & striking personal resomblance to tho prlsonor. The contemplated application for n continnance formoed the eolo subject of discus. slon, both In and out of court, and & very uncasy feoling vrevatled. It was whinpered that o numbor of St. Eimo wen had arrived in town, and their absence from tho Court-room wag held as ominous, The witnesses from Gilsun wore expected fo arrive on the 11 u'clock train, and poople feared that tronble might ensuo if the np. Pilcation were granted. Tho first move was made by Mr. Tunnicilll, who nekecd that tho records of tha Court tnight be searched, in order to establish the fact that'a con. tinuance - HAD ALREADY DECN GRANTED lf,fll{l term. Jlo wanted to filo an atlidavit to that elfect. 5 Mr, Leach, of connsel for tho dofeuse, said that he had on the former occasion agrewd Lo the dats fixed, with the understanding thut if nn(lhluu im- portant occarred in tho meantimo the defonse sbould bo atlowed o ask for & continuance, () Mr, Prico said that he had mnde no foriaal mo. tion." Tlo slmply askod; as 8 inatter of Justice, that thq caxo ba set for tho Arst day of the Febru: ary terzi, I'io Court sald he understood that 3r. Leach did not waivo his rights. Tho #tate's Attornoy ropeated his domand for time iIn which to prepare afidavits, Thin was granted, aud the Court oraered that the prisvuer should be wont for. Durnnyg the wait which fol. lowed somo motona were neard, and 1t was 10 o'cluck when the prisunor was brought in. Ime~ prisonment acerns {o have muda littly or no differ- cnce in his uppesrance, oxcept that ho is somowhat paler than v fiest beought up du this conrt, His lamoncss hias not yot entirely left him, but hie wiill rotalus iis deflant expression, and walked Into court na steady as manncled hunde and o ballet-holv in his ley would permit, A gooily crowd followed bim Jn, und the court rapldly filled up: ’;\nouwr discusaton followed ns to the employs ‘ment of reportors, otc., during whicli tae prisouce . wus taken with o sovere apasm, ‘This ovor, hie leaned comfoetably back “in . his char aund continued o pay great attention to tha reading of. the alldavits, The first twas that of the urlnanufi himeolf, o sot forth at erest length that ho had not been afe lowed sutficient timie In which to l]‘:,u-rm'a his du- fense. Up to the time helett 8t Louls he was ig- norant of tho spacific charie azainst him, and {me modlately vn his arrival licre ho waa taken bofore the Court, and on_ fudictineut given to hiim, to which ho was requirod to plead two days later, llo ‘wag at that time sick frow tho offect of his wuunds, nd without rnnllu(. Furthermore, he hoped to provo by o gunsmith i Davonport that ho had bnnihuue rovolvers on Aug. 10 In that city, ous week after tho killing of Belden, 10X 8. BCOTT, brother of the prisoner, made allldayit that in 1871 tho prisonor suflered from o scvero _sickiass, that Dis wifv died shortly afterward, and that from that timo hie mind becamo nffected,” 'fho family bo- came ularmed and fourcd tiat i wan gotng fo kill himself, Afiaiit was also inforpied thet Die, Obaries Hamrock, physiclanin the Northorn Indlana Stats Tonitentiary, would swear that the prisouer was ineane lu Muy Inst, Aflant hud scon hls Dbrother within the past few days snd belleved him to Lo 10w {nsane, . The dofenso also_eubmittad eome letters from W, 11, Solllck, of Michigan Clty, Tnd. “Mr. el 1ick pleaded Inability to uttend the Coust, and sald inhat bo had 3 conversation with Rande, whom he know os Charles Van Zaudt, aftor the latter left the Northern Indinua Punitentiary. ~ltando bought o revolvor froin Sellick, and boasied of being tho host whot In the Wost. Iio xnid ho.was going to kitl Ilall, the Warden, and three othors, ' Selllck bellevod hum cruzy, ynd the Wurden aad Clerk of tho Ponitentiary told it so, Mr, . P, Huubbe made afiidavit that ho had been vnfinzud by Malachl Beott, father of the prisuncr, aad bud not bee uble to consult with his cllent, thaving only nrrived in Galosburga fow hours be- foro the opening of Cuurt. Mr, Price ssid that his duty to hiscliont come pelled him to nek for A continuance. The Bttore Teys had ot had thne In which to prepara n fense, and it would by Indecent to crowd the ea on without glviug the man, gullty or inuocent, an opportunity to preparo fue trial. * The spoaker bos llevest that bis connoctlon with tho case would end with the motion whith bo had fust made, Tho people of Knox Connty could not atford to bave It wald that tho et did not have o fuir trial, o Il nols theodense uf wmurder was punished with haoging, and thoy whould not give an upportunity toany vnu to “'I that tho trin] was not a fair one. Br, Tunuiclit denied the right of the delfonse to ask for anothor cuntinuance, ‘They had l{fllfid to 'fl 10 trial, and now, ot tho last moment, attemple 2 " TO PUBIL THE CASK OVER, Mr, McKenalo roviowsd tho aftidavite at longth, The lutiers from Mienigan City amounted to nuths fug ut all, and ml;m Mive been wrjtton by one of heude's ‘*pals,'’ as fur os thal was concerned, They wero not supported by aflldavit, and thero was no evidenco as to their genuineness. Puswing 10 the amidavit of tho prisoner himself, connsel said that tho Court waa eutitivd ta judye for ftscll ax 1o the Leslth of the privoner, and could not whut ite eyes to his spposrsnce. The polnt os to tho purchaso of the pistols was not Important, fue tho prisoner might have owned them befuro and sold them after using them st (hlson. ‘The prisuner had not used nn{l atligenca to obtain tho ovidence of the gunsmithe from whom ho said he bought the Weapons. uvenport was nob very far away, and the witne if thoy Lad sn existence, might * easlly hava been obtulned. llore was this man, whoso miud was 40 clesr that he rumemborod avorything, aud who fled a plea that bu wis not gulliy of the crime as charged, woo wus sharp cuough to_embody in his anideyit that of brother. ‘fhue the curlous apectacio was prosout- ed of man wane euouzn ‘to awear (o his owu louscy. This was a very pecullar du- fouse, and aurely had never been acen in a coori-room before, 'The Court had aiready uppolnted attorueyd, who had agrood upon o day for triul, and tho fact that utler attorncys bad Leocn brought into the caso dia not afford just ground for continuance. Falrfeld, la., wusnot tora than twalve hours' Fids from Calesbury, and thiscloud of wituesscs tu whom the prisoner re- ferred might have been brought here in readlness to teatify, Not having used due diligence, 118 \YAS NOT BNTITLED to_the benefit of lite own negligence, My, Prico said that this was an {ndictment for tho highest crime kuowu to the law, and the pris- onvr whonid be given a fair chance. He had gever otheardof & special Grand Jury haviug been called 1o fnd an jndiciment sgainst ous vian, who was then immediatoly put upon bis triul.” Tue Sret intimation the prisonvr had of wh{ ho wad brought into Knox Coauty was the vresentation of the ludictuent, ‘The prisoner had been wounded sud jmvrlioned, and it was uo wonder that by become confused jn his mind. Mr. Bradsuaw, fortho defense, contended that there was danger of dolug the prisuner injustice bY busrylng & trlal on bufure the prisoner lisd an op portuwity to propare. Foalbly It might tura od that Ncott was not the murderer, and it woald nu. do to And that oat after the hanging was over ‘The defcnss of insunlty was st up snd sworn to by runl persons, sod. polat must be consid: are TUM COURY 8afd that, {n hie oploion, a coutinusnce should be anted, ‘The prisousr swors he had withesacs 1o uwa by whont ie ¢xbected to prqve that ho boukht tho blstols tlepe ‘esveral days dfter tho gourdcr. £ that some diligoncy bad bio wied by bim to Obtaln thews witnesses, Thoy wera uab o{ruch of tbe Court, uud not smenavly Lo supbas na, sad the prisones inust make them prouilscs of rocowmpenas to Induce them to come berv. 1o says that at prescot he has no money, but expectd aume by the bext terw. 'The next branch of 1he sabject was thu dulense fteclf, Tho prisonct's Urother swore the prisoner was fnssue, —that ho - couldpruva it by o o iz witacesss fa Towa and several ndians, whose nawes ho gives Forhape ihat tecinical, bub substant! was at ovcnts a cowplisnce with law, Application bad Leeu we wis uot &