Chicago Daily Tribune Newspaper, December 15, 1877, Page 4

4 ] THE CHICAGO ‘LI'RIBUNE: SATURDAY, DECEMBER 15, I877—TWELVE PAGES. Tlye Tribane, with the eonditions of tho eriginal act, hut TERMS OF SUBSCRIPTION, give any ofliial assurance that t tom of bad faith, and never returna. Tho bonds wonkl be paid in gold, the officer | dabt rettlen down an a dend weight upon the giving snch an assurance had no more au- | people. The payment of installments or of thority to chango the contract than he had | interest eannot ba postponed by tempornry to chango the bond itself, Ilis guarantes | expedients, bLecause nobody will lend. that tho bonds would bo paid in gold might | Nothing remains to meet current expensen possibly subject him personally to pay the | and accrning obligations but the taxes of bondholders what loss they might sustain by | each year, and these aro diminished in pro- orders relative to the reduction of tha foree of employes in the New York Custom- House, The reduction was recommended by the Jar Commission, and the Collector coineided with it, and promised to forthwith institute the roform, He failed to do it, nnd anch removals as wero made meroly put ont tho beat men and left in thoso who had po- complishad, then it ia right and proper that ho should bo eirenmvented in the quickest and most summary wmenner possible. The npproprintion bills furnish thel onportunity, 'The ailver clauso will not be ont of place, for the BSonats Bilver bill provides a Government revenus in the purchase of rilver bullion for conver- But it hapuened that the proxy clerk way 5 Govermneut emoloye, belng connccted with thy Coast Survey, and therefore even the half.p,y that he drew wan_flleaslly recefved. Taking iy oll around, Aen. Banmino ia in a particulary embarrassing scrape, which 18 not rendered any the lera unpleasant by the satirical commenty of the Clncinnat) yapers. that tho Texns Pacific Company have failed tn comply, and therofors Congress may ex- erciso ita rescrved right to adopt such mens- ures a8 may bo deomed proper to secnro the construction of the projeoted road. All tho Southern Pacifio nsks is the privilege of ex- tending its lino on the surveyed route, avail- TT MATL—IN ADVANCR—~FOSTAOE PREPAID, —— g.”,fl litical backing. According to the acconnt | his false ropresentation, but conld not bind | portion as tha woalth of tho State scoks in- | ing itself of the land-grant, na far as it may | sion into coin, and this revenuo mecessarily | The boulevard weeklles of London aro to by 'a"‘; given of the matter by those friendly to tho | the Government. . vestmont olsowhero. So the progress to- | go, which was originally made to the Texns | exerts an inflaence in determining the | reinforced bya new venture, which will e calleq President, Antrun deserved to bo removed, | This meeting was but the convenient oc. | wards absolnte repudiation is steady and | Pacifle. It agrees to build 100 miles within amonnt of appropriations which must b |ghe Week, and will bo edited by Jexnixas, cor. 3 dent of the New York World. It fy ©ne eopy, per year +30 | and the only mistnko made was in not stat- [ casion for the expression of sentiments and | rapid, and tho postponement of tho day only | two yenrs, and to construct the road as far | made to snpport the Government, The renl | Fe8PO ane u;x;'e::nfl ) k b33 ing the ronsons why, Tossibly tho result | feelings almost universalin the country. In | prolongs the injury to both sides. Virginia | aa the Rio Grando, st or near El Paso, which | trouble with the Inter-Ocean concorn is that, nounced that thia journal will il an entlrety Give I'ost-Uftice address fn full Inciuding State and might not lave boen altered, but in any ovont the President would have beon in tho right. One of the most Liopeful and encouraging featnres of tho adjustment of the difficnlty betwoen MacManoy and the French Cham- ber of Depnties is the fact that tho Clericals and Ultramontanos are furionsly incensed at the composition of the mnew Cabinet. The selection of M. Wabpixatoy, a Protestant, as Minister of Foreign Af- fairs, 38 a slap in tho faco which they nll parts this question is discussed notas a | and Tenncssee might ns well have imitated party question but as a national queation, | the example of Mississippi in all rospects at affecting tho pecnninry interosts of overy | oncossto accomplish the same purposo by man, woman, and cbild in the country. | degreen. Their financial discredit, however ‘There is hardly any differonce of opinion in | it may be roached, will in the end bo the any locality on this queation ; the only op- | samo. position to the restoration of silver ia from TR the small number of money-lenders and THE GERMAN NAVY, the !hmld.y aristocracy of m’dden wealth. The rapldity with which tho Germaus have built np A formidable navy is even mors as- Tl niteupt o °r."h fhia: tinprossion tonishing than the incrense of their army in that the support of silver 18 dne to a desire ninviliess, eaniniont, sodmntarial, The i to cheat creditors by paying debts in cheap tonti 3 ':1 D 4 aid not ‘I a dollars was properly branded by the meet- ationto hinve ity nob gain_grodu new place in the English press, by avolding the slovenly and gossiping tendencles that charac. teriza tho other boulcvard weeklies. Tut thiy pofapous snnouncement will bo recelved with ono eyo partlally closed by any one acquainted with the tendenclos that characterize the pro. apective editor of the new journal. No Londug correspondent deals 8o Jargaly with scaudal and ¢ Zossip a8 JENNINGS, ——— The silver standard of payment was taken ay from the people without thefr request, ealre, knowledue, or consent. Every debtorin he United Btates, as well as the Guvernment Hitaell, had the option of metals in which to pay, is tho western boundary of Texas, within six years. If, in the meantime, the Toxas Pacific shall have procesded with the Enst ern portion of the road so ns to mest it at this point, it proposes an interchango of traffic facilities and equality of ratea; but it the Texas Pacific shall still heglect to build its portion of the road, then tho Southiern Pacific asks the privilege of push- jng on through Toxas, meeting tha other road, and acquiring the land-grant as far s it mny go. ‘The situation s precirely this: ‘The ‘Texas Pacific (Toxt Boort) says in effect County, Temitaneca may ho made either by draft. express, Toat-Office order, otfn registered ictters, at our risk. TERMA TO CITY BURACRIAERS. Detly, Aelivered, Sunda} excepted, 25 eenta per week. Laty, deltvered, kunday incluted. o cents per week. Adaress THE TRIBUNE COMPANY, Larner Madison and Desthorn-ste., Chicaxo, fil. Orders for the delivery of Tie Trinuz at Evanatan, Enrlewood, and Hydo Fark 16ft 1o tha counting-room Hizecelve prompt sttention. e e TRIBUNE NRANC OFFICES, baving failed to excite any goneral and popular support for ita greenback vagaries, it wonld secretly rejoice at the defeat of the silver movement which has ubited hard- money mon and greenbackors In o common interest, This mean and selfish spirit is not likely to receive any encouragement, but rather the contempt it deserves, ‘Let tho peopls express themselves and insist upon thelr rights in the manner indicated, and the battle will bo short and decisive, Tx Cwicano TRinuxs has established hranch offices for the recelpt of aubscriptions snd advertiscments as follows: ditor of The Tritune. To ¢ 1o s . | bad not dreamed of. On the other hand, p until 1870, and it was not until 1878 that & [ ypae it will not build the rond nnlesa it shall | SETTEM0%, Win,, Dec. 13.—Appletons’ Gyclo- | Nothing Is proposed to bo taken away from the ,I‘,,‘;,‘;’,‘_‘}}‘ SHAamB IR Inig, Frdy MO the appointment of so eminent a atatesman ing of Thureday pight. The:dobits, prblls plan for the organization of anavy (** Floet- % p:dll;(:; e e s creditors or bondholders; thoe option was never theirs; thelr agreement was to receive silver or zold at the optlon of the debtor in Mquidation of the debt, and that option, of which ho has been fraudulently and saeakingly deprived, muat bo restoted. e One of the most pertinent cartoons we hava seen {n conectlon with the sitver controversy iy printed by tho New York Graphfe, 1t repre. seats “Unclo Bam® riding comfertably end smoothly on a Lwo-whecled velocipede, the larzer wheel a sllver dollar ond the smaller o gold dollar, while *John Bull” and Kairer WirLiAx ore making desporate but futile cfforts to malntain an equilibrium and achieve propulsion on a slngle wheel of gold. Try the bicycle. nud privato, of this conntry, amounting to s geveral thousands of millions of doljars, wore !l;n-(}mendnngn ¥lan") was adnploa]l. w:“ contracted when the monoy was worth not | AN tawayer seitis "p‘]m he il ?l.l ;’ over aun aveiage of G5 cents on the dollar, [ ™07 ll;;ulfly ‘80‘"::‘ .uh ta lnnmlnp :m; Thesa debtors are paying, and are willing to ";“" nog 3 : oy & fre lm“m;"“ pay, their debts at 100 conta fn the dollar in eight cuirassad frigatos, “b:n m:‘ nm:: “‘coin,” which wnan legal-tendor when the Yottes, sovon cuirassed gan Ritieg Joa ilabis ‘were contracted, and LA bBest for ing batteries, seventeen uncuirassed cor- cighty years. But they aro not willing to vetlon, (hireo. avitos, «cightacn zflnbfi’"‘“‘ abolish one-half the matallic money in order twonty-cight lorpydc»hunh, tyo' astiliory. to mako tho othor Lalf moro valuablo, nnd | #14P% and “;{::;:";‘:f ‘;":f:;n :::‘1 ‘L‘::u;‘; then have all theso old Gi-cont.dollar debts | "POR 9 ? pn‘l’:l‘ in"lha“ucnr:u a‘:«l hf;hl’;-]np; o ci:tcd oloven cuirassed gunboats, three corvottes, gold. That was the sentimant of .the moet+ and three avisos. They havo also establish- ing, and that is the sentiment of the whole od. lmlnlng-u'uhuols foe;gplloes, sekiloh bitn Northwest and of the country generally. ont betwoen 200 ardl 100 rectnita every. yesr for the naval and merchant servico; have enlarged oud improved their three important ports, Wilkelmshaven, Kial, and Dantsic, by tho building of large floating-docks, ship- yords, . basins, forges, foundries, ma- rine obsorvatories, and mercantile and torpedo harbors ; have,encouraged German industry and sgill by producing all the prin- cipal articles of naval equipment that used to ba brought from England, such as heavy jron plates, engines, anchors, cables, wronght.iron blocks, and other fron work, snd hiavo oponed several scientifio navigation schools, Tho Germans havo not only effocted those marvelous rosults in the short spaco of threo years, but they have effected thom in the most skillful and systomatio manner. The original plan contemplated, first, tho defonse of their own shores, and, sacond, tha protea. tion of German commorce and Gorman colo- nists abroad. For the purposs firet men- tioned, they mado o special investigation of their const and harbors with the view of determining what class of vessels would bo best ndapted st various points, As the result of that investigation thoy decided to protect tha harbora of tho Baltic, which are provided with moles, with torpedos sunk betweon tho moles and in front of tho const batterics, On tho ocastern’ shores of Schleawig ond at the mouths of the North Qerman rivers, which are lined by sand-baoks, a largo numbor of amall and well-armorod gunboats have boen placed, which will carry the heaviest artil. lery, and at the same time are very shallow and rapid and easily managed. Thoy soef to have caloulated with scientific accuraoy the exact nature of tho defense necessary to protect every part of their coast, and so thoroughly that the English are boginning to soe their own deficloncies In these ro. spects, The London 7'%mes, discussing this wonderful increase of naval power, says: ‘The polnt in which wo may with most advantage tako a icvaon from theso German proceedings fa not inthe particuiar clase of ships thoy are bullding, but inthe care they have taken to discover whal class fa required for the varied necessitics of their ervice, We cannot feel any confidonce that a similarly praficnt plan has been pursmed among ourselves. e also have coasts and harvors of very different charactors and capacities. We have dockyards In great estuarlos, essily spproached by largo feets; nnd wo have mercantile harbors, ad- mitting, indeed, the Isrgeat ahips, but with a com- paratively narrow access. We have besn, how. ever, too much {uclined totake o account of these vaniations; but simply to build a fleet In accord- ance with the ideal standard of the hoar, and as- aumo thatit will adapt Itself to Its varled duties. It is characteristic of tho Eaglish to regard every fleot as n rival of theirs, it not a foe, and aa menacing their righta {n some direc- tion, In this instance they have good reason to foel alarmed. With the millions sbo ob- tained from France, Gormany has bullt up a powerful fleet and protected herself from receive from the Government a money sub- sidy of from 220,000 to 836,000 a mile in ad- dition to the land-grant already made, while the Bonthern Pacifie (HunTINoTON) B0ys that it will complete the projected road without sny money aid, but simply in consideration of tho land-grant already given to the Texas Pacific.” Aa for as the land-grant is concorned, that has not only been made already, but it will o profitable for the Government and for the State of Texas to nbide by it, since by reserving every altornate section tke Govern- ment land which remains will acquire a much grentor valne than all the land now hns. The great difference is that one combination do- mands a money subsidy and the other does not, In viow of this proposition of the Sonthern Pocific Company, wa can acarcaly conceiva that Tom Bcorr will have the effrontery to urge his claim for a Government subsidy. It will be & confoasion that thero 1s & huge job contemplated after the manner of the Crodit- Mobilfer schome, if any deperate efforts shall bo made to sectre a Government subsidy of 985,000, or $20,000, or any other amount per mile for the construction of a railroad which another company offers to construct with private capital. No Congressmon can voto for A subsidy under these circum- stances without subjecting himself to the suspicion of boing a party to a conspiracy lo defrand the Government. Tho BSouthern Congressmen will no longer bo able to plead the demand of their constituents for the constrnction of n Southern Paocifio railroad a9 a resson for their favoring a subsidy; it ia tho road, mot the subsidy, which the Southern people demand, and they will get n mores subatantinl and better-equipped rond, constructed at a smaller cost, so that it can mnke more reasonable rates, and perhaps comploted within a shorter time, if left to tho Bouthern Pacific Company to bnild with- out a subsidy than if intrusted to the Toxas Pacific Company with a subaidy. 8lnco this new proposition has been formulated into a Congressional monsure, we would sdvise Col. Tox Scorr to turn his attention to the 2,000 miles of railrond which he already has uoder his control, and leave the Bouthern Pacifio to work itself out in a legitimate and buginess-like mannor. 3 liver was mado a fegal-tender f ma Inanothorplace it says sn act b. 21, 1853, ‘tnaklng gold alone legni-tender. Iint the sliver dollar was not Includ- ed'in this change. It wanatfil a legal-tender for all amounts, "It seeme to me that the right to redeem the Qovernment bonds In siiver turus upon the question, which of thess statcmenta s right? If the silver dollar from 1853 ¢ 1873 was legal- tender for all snionnts, then 1a ¢ right for tne Governmont to pay its doots contracted during that time_with silver doliars? 1f, on the othor hand, 1t waa legal-tender for sume only less than 6, then {a it not right? If gold alonw sincé 1874 has been the lexal-tender, then fa It right that the bonda Jesued since that time should be paldin gold alone? Which fa the trath? Was the silver dollar before 1873 n legal-tender for all amountat U, CorrrAxD, It Appletons’ Cyclopédin had safd that by the act of March 3, 1833, ¥ subdsidlary sllver was made a legal-tender for sums only under five dollurs,” It would have been correct. Up to that date subsidiary sllver had contaloed the same proportion of metal as the full dollar, Two balves, four quarters, or ton dimes con- tained 3713 grains of pure siiver; the same as the dollar, and thoy were a legal-tender for any smount. We have scen it stated that 00 miil- jons of dollars had been colnud of this small money between 1703 and 1853, The older men can recollect that half-dollars wers the common coln cusrency. But by the act of March 8, 1853, the amount of silver in the subsidiary colns was reduced about 6 per cent, and they were limited to a legal-tender power of only fAve dollars, but the dollar pleco was left undisturbed, and continued to be colncd for twenty yeara there- after, As lato as 1873 thers wero 1,112,001 silver doilars colned, and in 1873 the number was 077,150, 8o that it s not truo tho minta had ceased colning them previous to the furtive and sneaking demonetlzing act of 1878, No, it Is uot right that tho bonds Issucd since 1873 shiould be pald {n gold alone. Such s not the Iaw nor contract. In 1670 Cougresa putlorized the Beeretary of the Treasury to offer new bonds bearing 5 per cent, 4} percent, and 4 per cent, {n exchange for tho outstanding 6 per cent bonds; and the law under which all theso new bonds were authorlzed tobe Jssued especial- 1y cnacted that such bonds, principal and In- terest, should bo payable in *coln’ of tho United Btates “*of the present (1870) standard value," The law required that this condition should be set forth in the Lond itsclf, aud ull the bonds issued sloce July, 1870, reclto, on thelr faco, viz.: N ‘This bond 18 fesued in accordsnce with the pro- visions of an act of Congress entltled ** An act to suthorlze tho refunding of the national debt, aps smvnu July 14, 1670, nmenaed by an act spprovad an. 20, 1871, and 13 redecmable at the pleasure ca afior tho lat day of Heptem- ber, A. D, 1801, 1% coin of the standard value of the'Unitod Statcs on sald July 14, 1870, with In- ‘zrenl. ll“ such coix from tho day of date hereof, ete., ate. Al these bonds fssucd aince 1873 contalued on their face tho contract that they were ro- deemablo at tho pleasure of the Government in the coln of the United Statea which were of stand- ard value, not in 1877, dut in July, 1870, Every man who bought one of. thess bonds bonght it with the contract that it was payable in the coln of the United Btates that was Jexal-tender in July, 1870, The United States promtsed to pay in such coln, and it is logicatly and legaliy ab- surd to assume that Congreas has not the right to order the colnage agsin ot sllver dollars, and that thesa dollars cannot bo used to redecm those bonds when they fall duo, ten, twenty, or thirty years hence. Let Mr. CorzuaND read the contract printed on the faco of the bond, as well as the act of 1870, and ke will sec that it is perfectly legal to pay all bonds lssued sinca then Insllver, Thero fs nodoubt abous It what- ever. BAN FHAN Norranor, Ma PAIS, France—N I Manuen, Agent, LOSDON, Hzxnr F. GIL Cal,.~Palsce Hotel. Cuastxs | and liberal religionist as M. Wapprxaron is peculiarly gratifying to the Left, and indeed 1o all who saw reason for nlarm at the nn. concealed disfavor with which the nascend- ency of the Clerical influenco in tho previous Cabinet was regarded by Gormany and Italy. 10 Rue de I8 Grange-Datelfere, American Exchange, 440 Strand. Agent AMUBEMENTS, MeVicker's Thentre. Madtson street, between Ktate and Dearborn, **gidonte." Afternoon and evening. The Chinese question in Californin has been bronght to the attention of the United States Government by citizens of that State who are interested in averting thothreateped outbrenk, and who nre exceedingly anxions to secure Fedornl {nterforenco to that end. Attorney-Goneral Devess has the matter under advisemont by request of the Presi- dent, with a view to determining na to the duties and powers of the Government in the promises, It is urged that the intervontion souglit is warranted by the obligation rest. ing upon the United Siates undor the treaty with China to ‘protect tho Mongolinns in Californin from violonce and persecution, but the Attorney.Genernl inclines fo the opinion that, while the terms of the treaty undoubtedly call for such interfer- enco - and protection, no law has been passed by Congress which would authorize Federal action, and that nono can Lo Iegally taken except upon a call for assist. nnce by tho State suthorities. It is not un. likely that the President may address a specinl mossagae to Congresa on the subject, nsking for tho passago of the law that is necessary to enable the Government to fulfill its part of tho treaty obligations, Mean- whilo tho solid business interests of the Pa- cific Const are greatly alarmoed at the pros- pect of tronble ahead—trouble that will not ounly bring bloodshed snd conflagration to their doors, but result in incalculable loss through the almost complete suspension of trade relationa with Chinn. In Washington the situation in Californin is represented ns being far more critical than it is made to ap- penr in the 8an Francisco dispatehies, 11oaley’s Thentre, Randoiph street, between Clark and Lagalle, Fngagement of the llems English Opera Troupe, **Chimea of Notmandy." Afternoon and evening, Tinverly’s Thentre. Monree street, curner of Dearhorn. Madame Nenta's Temale Minstrels. Afternoon and evening. } Colisenm Novelty Thentre, Ciark street, opy Court-ifouse. **Too Late." REPUDIATION OF BTATE DEBTS, The peoplo of Mississippl have derived one benefit from the act whoreby, somo years ago, thoy wiped out a particular por- tion of their State debt, By that act thoy destroyed thoir credit so irrotriovably that they have since boen unable to borrow. For this reason their Treasury will remnin, for many years to como, in a solvent condition. This is some, though far from sufficlent, componsation for the injnries ropudiation has inflicted upon the State, The man, or the corporation, or the sovroignty that is nbsolutely out of debt is not on that acconnt prosperous. When owing nothing goes with having nothing, it is not a desirable financial condition; and when a 8tate is out of dobt hecause it has no credit, it is an organized pauper. Tho industries of Misstssippi have not to this day recoversd from the check they sustained by tho withdrawal of capital from that Btate in consequence of repudin- tion; her rosources are undeveloped; Iim. migration lias been checkod and discouraged ; and commerce bas been warned away from hor borders. These injuries are radical and permanent, but they do not ap- pear on the surfaco' o8 eonnected with repudiation. On the other hand, tho fact that the State hos no debt and that it once got rid of its obligations in a simplo and ex- poditions mannor, has commendoed itsclf to the penpla of other Bouthern Btates, and they have shown great zeal in Imitating the example. 8ix yoars ago, the debt of Virginia was consolidated Ly a funding law, which, by a complicated syutom of tax coupons, provided that the interest-charges should bo a lion on the rovenues of the State for the ensuing thirty-four years. The entiro debt nssumed by the Funding bill was $30,478,646, The arrenrs of intorest which have acorued since the Funding bill took effoct, and which con. atitute so much non-intcrest-bearing dabt, amount (o $4,188,141.83. The increaso of the debt during the six years is £3,000,216,60. There s now a popular ontery for the ropeal or amendment of the Funding bill, tho object being to re. pudiate part or all of the obligation remain. ing. 'This objoot is dlsguised in much am. biguons language, and frequont protestations of nsincero regard for the *‘honor” of the Btate, but it means n new trial of repudia. tlon. T'ho anti-repudiationists in tho State aron strong parly, aud aro using every hon. orable effort to avert what they constder an act of bad faith, Tho Morrar liquor-tax was ono of the expodients adopted to pro- vide the rovenucs necessary for the payment of interest on the debt, Gov. Krearepn, in A Brooklyn clergyman, In his last Bunday discourse, predicted that fn 1833 will begin a war that s to continue fifty-three vears and usher in the dawn of the Millennium. Thists to be tho long-expected war against Antl-Chrlst, who will be personated by the Czar of Rusala, Probably the reverend prophe: will have the Turks fighting on bis side o behalf of Christlan. ity. Thero ia nothing like interpreting tho Beriptures according to one’s own ldcas, SOCIETY"]\U;ETINGS- REYSTONE LODOE, NO. 30, A, F. & A, Bpecial communication katurday evening et 7:30 o'clovk to make Arrangements for the burisl of our jatn Lot Wickers, deceased, A full attendanca y arder of My FFLAUM, W, M. MIRIAM CIAPTER NO. 1, O. F. 8.~A pahife In- stailation of officera elect will be heid at thefr hall, 11 snd 14 Rtandojpii-at. tnis smurday eventng. De #LH o'clac] Membern of sister Chapters and tto Ma. ornity and thelr friends sre cordlally invited e ——— 1t Is niow #ald to be doubtful it the Paris Ex- ‘paosition blll will be brought up at all. as there 1s such a large element in the House opposed to it. Of course therc fs. Thera 1s nlways an ele- ment in the House to oppose everything. Ifa bill should be brought In to provide that o bridgo shonld not be bullt across Lako Michl: gan, plenty of honorable members would W found to protest against it and voto it down. —_—— Democracy In Covington, Ky., Is on the wane. The trisl of ox-Treasurcr BToNE, of that city, for defalcation, has. resulted In o disagreoment of the Jury and the consequent cacaps of the Ins dicted, Ho fa’the third of a sories of city offl- clals who has relleved the Treasury of largo sums, and nowthecitizens aro beginnlag toturn Republican. . BATURDAY, DECEMBER 15, 1877, CQHICAGO MARKET GUMMARY, ‘The Chicago produce markets were moderately active yestenlay, and generally easier. Mesapork closed 15c per br! lower, At $11.85 cash and $11.00@11.0244 for Jannary. Lard closed 7i4c per 100 1bs lower, at $7.7% cash and $7.80Q7.82% forJanuary. dleats wero eanler, at 4%c for boxed shoulders and Gc for do short riba, Whisky waa frregular, at 81.05%@1.06 pergalion. Flourwas dull, Wheat closed jclower, nt $1.08% for De« cember and 81.08% for January, Corn closed rteady, at 43%c cash and 42%c for Jannary. Oate closed $ic lower, at 244@24}c for December and 24X @244c¢ fur January, Rye wasateady, atboe, Barley closed casior, at Gllje cash and. 01%c for January, Hops were qulet and unchanged, cloa- ing at $7.00@4.15 for pocking grades. Cattle werestend , with sales st 82009595, Sheep ‘were qulet and unchanged, Inspected into store in this city yestorday morning: 168 cars wheat, 110 are corn, 52 cara oats, B cars rye, and 41 curs parley. Total (477 car), 150,000 bu. One hun- dred aollars in gold would buy $103 in greenbacks &t tho closc. —— Groenbacks at the Now York Btock Ex. chango yesterday closed at 974, For the scason of navigation just closed thero -have been shipped from Bullalo mearly Bity million bushels of grain (48,425,908) and twelve millions by rail (11,082,110). The chargo on this mass of grain for clevating and trimming in Buflalo has been one and a half cent per busher, or nearly a million of dollars. e 1 the Journal is In favor of the silver dollar, let it say so. I it (s appascd, let It say so3 let it be one thing or tho other. It has been blow- ing both cold and hot, acting tho part of the bat {n tho fable, and esrning only the derlslon and coatempt of both sides for jta shilly-shally courac, THE SILVER SENTIMENT. Thero was no mistaking tho carncstuess and thorough conviction of the people whu attended the Tabernacle meeting and ex- pressed their opinions on Thursday night. ‘The macting was n romarkablo one. It rep- resented no special class,—it embraced men of all clnsses. Thoro wero merchants and mechanios, workingmen ond commorciul 1mon, professional men, and generally that portion of society which might bo called the middle class, to distinguish them from the professional capitalist aud money-londers, tho shoddy men of rocently and suddenly- ncquired riches, who affect great regard for public opinion in Paris on the ono hand ond tramps and pimps on the other hand. The bankers who hove their enpital invested in bonds think If silver bo demonetized they sy lose 1 or 2 por cent, and, without inquiring as to the past, accept the dauger as certaln, and cry out that if silver ba reinonstized tho world will be turned up- sido down and nll things smashed. As n clasg thore are no men in this country who 80 Liabitually take counsel from their foars a3 do the men who call themselves bankers. Theso men think thot i the bonds be mude redeemabls in silver, the bouds will fall in value ; and they think that the primary and the main object for which Governments were instituled nmong mon is to keep up the prico of bonds and increass the rate of jn- toreat! 1f silvor can be kept demonctized, | his moseage, also advises a resdjustment of then gold will bo the exclusive currency ; | tha debton ** an honest basls,” though his gold being searco, and the supply inadequate | hostility to the Funding bill is avowed. But THE SILVER MASS-MEETING, Among the resolutions adopted at the mpass.moeting held at the Taboernacle Thurs. dny cvoning to demand the restoration of the ailvor dollar thoro was one calling upon the country generally to follow the example, snd thus give such a universal and emphatio exprossion of publio sontimont ns will com- pel Congross to make a prompt recognition thereof and ncquiesce in the demand. This {sin the line of Tmr Taninuwe's suggestion somo days since. Thero aro thirty millions of peoplo in the Wost snd South whose intor- eats cry for the remonetization of silver, and whose sentiment oxacts this action o8 o more matter of justice. There isn large popula. tion of the Eastern and New England Btates who aro fully in accord with tho West and South in this mat- tor. Tho representatives of -the peoplo must be made to undorstand just how general and oarnest this sentiment {s, Busl. ness Is Innguishing ; the peoplo are depross. od in spirits ; 1t is felt universally that silvor was dropped from our monetary system without the knowledge or consont of the country; it is believed that the utiiization of this metal produot of America will cause an inal violation of tha chartor in connection with the affaira of the National Trust Com- pany of New York City in doveloped by the investigntions of tho Rocoiver, Criminal prosecution of tho guilty Trustecs is (o follow. ? Tho King of Portugal, having completed a translation of *‘Hamlet’ into 'hfs natlve tongue, is now actually golngabout Braganza. l The dreadful Utlea chieltaln is alter Evants’ scalp, Tho londing bankers of Milwaukeo have wnited in a circular aunouncivg that on and after Jan, 1, 1878, o deduction of 2,000 will bo'mnde upon each balance drawing inter- est, nnd upon all balauces in oxcess of that sum tha rate of intercst will be reduced to 2 per cent, | Hoa tho CONRLING hero comes, PERSONAL. A registored voter in Boston s named Yalo College. ¥ A nephow of Mr. Gladatone s about to Aake orders In 1ho Roman Catholic Chureh, Oakey Hall delivered bis lecture entitled **What Shall the Verdict Be?* at Washington Monday. Becrotary Bchurz saye that under no cir- cumatances will be consenl to accepl the mission to Brazil, Farjoon read in New York * in the quiet, deferentis]l manner of an English curate, not wiih the strong, pronounced persoualism that ususily accompanies pablic readers, ' Mullett, erstwhilo architect of the Trens. ury, looms up &8 one of the foundors of the Na- tional Ureenback party, | topics with the Buropean fournals, It s " pow asserted, with & cousidorable show of positiveness, that ‘Tarkey has taken steps to socuro the jinmodinte juterposition of Great Dritain in beholf of a susponsion of hostil. ities and tho negotintion of n peace. ———— A great deal of opinton regarding a posaible war with Mexicq hos been published, snd all from the American standuoint. Tho tollowing, taken from the leading newspaner of the City ot Mexlco, will interest and perhaps amuse people who llke to look upon both sides of a question: ‘War with the American Union is Inevitable. The exican flag laving beon josuited and trampled In Wis., that n good way to get rid of an owner- Jess dog that prowled about the houss wag to give tho animal & kero- seno bath and then touch a match matter what may nave bean aald, Mozico requires, Aexico demands, nmmébl reparation of the insult offered tu her natlonalll her autonomy, to hor 0 3 foreign naval aggression. It {a mot i b i of i John Philip Stoner, the anthor of ¢ Wood. to him. This brillisot concelt produced o | 0 9 domand, gold will bo cqual | tho organizationof the Legislature shows .‘!’na ?.:nt Russia ;l demand and :m:?fh. honeat, subatantinl, and Lealthtul dulation | \EPUREISE o Fihaet mont oensive ol Toul: laigh, " "lhngmll-n‘" and other plays, died In result equally brilliant, the anllrr noighbor. to 110, 116, 125, or more iun all | that the party of * forciblo ndjustment® is y of ourcoin resources. The most effactive , E . e of patriotim, and demsnds & public & sofsma rapnration, ' The Amiorican nation has To- suited Mexico, aptiened hor bannar, aud this ls not tho first time, 'but the twentioth. ‘Therefore, give jtnhard and bloody lesson. Mezico hos_armed furces who aro quite anxzious to measure their atrength and valor with those of that Republic. selluan et Turkish iron-olad floet as part indemnity for her work in the emancipation of the Sclaves. This would give Rusaia one of the Ancat floets in the world. With theso two strongly- allied nations poasessing suoh flests, what would become of England's boasted naval superiority ? The Northern waters of Europe would be dominated by Germany and the BSouthern by Russia, Both nations would be as formidable to her interesta on the sea 23 they now are on tho land. Now York City recantly, of coasumption, In the 33d year of hisage, Julia A. Moore, the sweet singer of Miohi. gan, fssald to be the most successfn) lecturer of the year. Ioradmirers present her with cavbsyes Insiend of flowers. The Rev, Dr. Dale, in & rocent lecture at Yale Cotleve, #ald: **I think It possible that the time may come whon mea who refuse to vote will basubjected to Church disciphae, like men who rofuso to pay their debla." * When the Prince of Wales dined with the Middlo Templars the other day he sald ho had not practiced much, vut the responss which his re Meited Induced him to belleve ho might ad- A private library soon to be sold in New York contalns & Somplete sot of the four Bhak- spearo fol:0s, the Arst offered for male In this coun- try alnco 1800, Tho sct cost the present owner $5,000, and will ba disposed of for $3,000, , Only six of the hundred founders of the Century Club in New York are now Nving, —Mr. Wilhiam C. Bryant, the Rov. 11, W, Bellow: Jahn 1. Gourlte, 3r. Dsnicl Huntlngton, ‘William Kemble, and Mr, E, 8, Van Winkle, A new play by James Stoele Mackaye, on- titled **Won at Last," was successfally produced at Wallack's Theatra in New York Jast Mondsy night. It s a story of marital infollcity beginnlng the day of the wedding and ending In & reconcllia- tion months afterward, It i aaid that Mr. Oharles Nordhoff re- celves from the Herald a aslary of §10,0008 year; and & writer In the De. Newa adds 1o this atato- ment that he vsed to **hold copy ™ for Mr. Nord- boff **whenthe Indianapolis Sentinsd only pald alm $12 a weelk, and bo grombled at that, " The humorist of the New York 7Times priots a Alnsepecifol but funny criticlam on Dr. Flelds' book of travel, bailing bim se & ploneer of civiilsation, and one of the most adventarous plorers of the age. His discovery of the River Nile, the pyramids, and China entitlcs bim to the gratitude of mankind. A late resident of Salem, Mass., boqueath- ed certaln property 10 his comain, Nancy I Rogers, of Beverly. 1% hassince becn discovercd that ho has two **couslus*’ in that town bearing that name, but by tracing the family back to 1584 % has Deen found that one of the ladies is & degreo ncarer than the other, 85d 50 she will get the prop+ iy, Mrs. Hayes bas bought a new dress from ‘Worth ta wear on & very Interesting occsalon—the twenty-Afth anniversary of ber weddiog dsy. The dress is preaumably s rich black silk, princeaso style, cut high 1o the neck, and having Joog slcoves. ‘The sliver wedding of 8 Presidcot has never been ccle- brated lu the White louse, aud the 30thof thi4 December will bea memorabla day in tho blstory of the Executive Msnsion. The parly to bogiven on the evening of the 30th will be 4s brivato a3 tno poaltion of Mr. and Mrs. Hayes will permit. Tbs chie? gueats wilj bo those who witucasod tue mar- riage twenty-8ve ycars age, aad thore sro a goodly puwder of them left, principally from Clocionatl othor values, and the holder of bonds | in the majority, and that n now robbery of poayablo exclusively in gold will have o | tha creditors of the Btate is contemplated. largo addition mada to the valuo of his prop. Tennosace has had a similar experience. orty. These bankors did not attend the | Threatsof repudiation, official and unofilcial, mocting; their interusts are, as thoy igno. | bavo so worked upon the bondholders that rantly supposq, all in fuvor of one forw of | they * voluntarily " offered to nccopt at first metallic money, so that gold will have the | 60 per cout and afterwards 60 por cent of extrnordinnry value due to scarcity and tho | their claims. The Logislature which was necesaity for its usv. As the veteran baukor, | summoned in extra session to considor the Jonx Tuoxsox of New York, sald s fow | first proposition was adjourned sliie dis, and dnys ngo, the majority of the baukers were | reassembled immediately to consider the all frightoned at a probable loss in the value | second; and thers may be an indefinito of their bouds, and had nover inquired as | number of new propositions and an indefi- to the actunl results of monulizing silver; | nite number of sessions to accept or rejeot whilo those who liad intelligently examived | them., The party of repudistion is even into the matter were in favor of having the | stronger in Tennessco than in Virginia, silver dollar restored and made a full legal. | "Penneesce funded the interest on her bonds tendor, in 1866 aud 1808, From July, 1869, to Jan- The subject of remonetizing silver was | uary, 1874, sbe paid °no interest, In discussed at the meetiug on Thursdey with | 1873 wbe funded past-due bonds and great ability and with great force. The | coupons, allowing' no interest on bonds wholo Llistory of American coinage was | past due five and ten years or upon given and explained. Tuo fatal sct of de. | coupons pest duc four years, The intorest monetization had deprived the country of | thus repudiated amounted to upwards of all the bonefits contemplated by the eighty | $1,000,000. In January, 1875, the part of years during which the doublo standard had | the Fundipg act which required the Treas. been walutained. The fall in the value of nurtoutrhfimrt revenus Lo pay tho interest silver, making it for the first time in forty | on the funded bonds was repealed. Now years cheaper than gold, was the second time | comes the proposition to sottle ou the basis in tho hustory of the Governwent when the | of 50 cents on the dollar, none of it in cash, ‘country might avail {tself of the privilegs of | This proposition, which is sald to be volun- using the cheaper colu, but of that privilego | tary on the part of the creditors, was in it waa defrauded by the secret act of deinon. | reality extracted from thew by a threst of etization. ‘The discussion of the objections | absolute ropudiation unless they would con. to the silver dollar was full and thor- | sent to a compromise, ough. The ory of violateds faith so | The experionco of these States shows that perpotually ralsed Dby the money. | there is no safety for avy Governmentin lending intercst was examined aud its | partial dishonor. When once the process of falsity demonstrated. The fact that the | repudiation begins, it is not likely to cease whole public debt was psyablo, even after | until every obligation has beon cancelod by a the various strengthening laws were passed, | wimplo act of the Legislature. Neither in gold or silver coln, at the option of the | 'Fennesseo nor Virginin has fulfilled the Goveramont, wos made 50 plain that there | promises made when the first act of repadia- can hardly be & denial now made, Indesd, | tion was approved ; and there is no morereas the Presidont disavows any other theory, | son to believe that either of thewm will keep but ho wants to go outside of the legal con. | faith in the future than there was to beliove tract in the case of theso bonds issued since | that they would do s in tho past. The sliver was demopetized. Tho assumption is | sgreement . of each Legislsture scems that theso bouds are payablein gold, but the | to its successor too gomorqus, and bonds themsclves recito that thoy are pays- [ none has the power to make its ble in the gold or silver coins of the United { pledges effectual when future revenucs Btates of the weights kuown to the law in | of the Stato aroinvolved. The temptation 1870. These bonds are all dsted in 1870; | to throw off a little of the fluancial burden that is the date of the contract, and the | eash year is too strong to be resisted. In time of tho issue bas no poeaible bearing on | propertion a8 the debt is diminished in this the question. If any person in tho | manner the means of paying it are decreased. Treaswy Departmont has uudertaken to | Oapital flics from the State at the first symp- lwod being lighted up by tho flames of the barn under which the dog took whelter in Lis baptism of fire, whay of imprensing upon Congress the sxtent and earnestness of public sentiment in this “matter is by the couvooation of just such meetings as that which bas been held in Chicago, and by adopting non-partisan reso- lutions which shall in effect bo an instruction to both Republican sud Demooratio Con. gressmen that thoy must obey the popular behest or pay the political penalty of their rofusal to do so, There must be no reserve or hesitation sbout tho resolutions sent forward to Con. gress. They should bo in all cases as frank and outspokon as the Ohicago resolutions. The President must bs made to feel that he cannot with impunity ignore or override publio opinion. We do not know that he contemplates vetoing the Silver bill after it shall have passed through Congress. It may bo that be will be coutetit with haviug used his influence to provent its passage ; cer- talnly he has done mischief enough in this direction. But if he shall exercise his voto power in the face of the overwhelming evi. dence of* popular support of the measure, then the veto should be defeated in the most summary manner. The Obloago resolutions point ont the way., The ropealing clause, restoring tho silver dollar, should be pended to every appropration bill passed by Congress, including that which provides for the payment of the President's salary, There {s no way in which the pop. ular demand can be more forcibly presented by Oongress, and the adoption of this course will place the responsibility of ity de- feat upon the President in such manner that it will be impossible for him to evade it. Tho Jnter-Ocean, which has been devoting its feeble energies for some years to au effort to secure an inflation of irredeeinable notes, is now disposed to throw cold water on this spontaneous silver movement. Itdeprecates the discussion of finances in mass-mesting resolutions, and says it is illegitimata to en- graft on the appropristion bills a clause re- storing silver, Is it indeed? The people feel that they were swindled: It 1s mot & question of new legislation. The demand is that the swindle be set saide first and that the dollar be restored as it existed frow the formation of the Government till it was surreptitivualy and fraudulently drop- ped, so that then the discusson of silver) demonetization moy go on regularly an legitimately., If the President opposes th) soctification of the fraud that bas been By vigorous resistanco and sharp parlia. mentary tactics the Ilepublicana of the Houso wero yesterdsy successful in stave ing off at lesst until after the Loli- day recess o motion having for its purpose suother delugo of {uvestigations Ly partisan committees clothed with the power to compel the attendance of witnesses and the production of papers,—in short, a repotitiou of the uscless und expousive ex. ploring expeditions set on foot by tha Forty. fourth Cougress. A good aubject for a cartoon: Loaded double wogon stuck fast in the mud, labeled * specle payments.” Several apple carts and peanut carts near by, A small and pour horse (cream- colored) hitched to the wagon. ‘A larger, fat- ter, white borse, with harness on, but detached from the wagon,—~truces cut. Becretary Bu Max looking st the wagon avd soying, *‘This wagon must be started soon.'* Treasurer GiLriLLax uadriver, looking round and saying, Where's old Whitel I can’t draw thls ‘ero load without both bosses.” President Havzs saying, “Thawhite horss may draw the apple- carts, but it fsn't respectable to bave any horse but the cream draw tho blz load.” 1Inthe background thoussnds of heads, all shouting, *+ Put the old whito horse back 1nto the team," e — — A PROPER SOUTHERN PACIFIC SCHEME, ‘Wo are delightod to most with a practical proposition fortheconstructionof a Southern Pacifio Railroad which we can commend, It affords an opportunity for couvineing our Southern frionds that Tur Cuicaco Trinonz is not opposed to the bullding of another Pacific railroad which shall be especially tributary to Southern fnterests, but only to the proposition that such a road shall by constructed at Government expense, We have frequontly pointed to the construction of that portion of the Southern Pacific Road which lies within the 8tate of California, and now resches Fort Yuuma, or Yuma City, at the western boundary of Arizona, This road has been constructed under the autbority of the same acts of Congress as those which authorized the construotion .of the Texas Pacific. The leading spirit in the entorprise is HowrinotoN, the rail- rosd king of California, and there aro associated with him men possossed of large capital, extonded railroad experience, and far-reaching ambition, The prompt completion of their portion of the projected route without Government aid in money or bonds led to the impression that they were prepared to go shead with the entire road on the same independont footing, This was contradicted just before the assembling of Congress, and it was rumored that Hunring- ToM had joined hauds with Tox Beorr, and that a combined assault was to be wade on Congress to socurs the bond subsidy at g rate rauging fromy $20,000 to $33,000 per mils, The introdiotion of the Bouthern Pa- ocifio Railroad bill on Wednesday last by Ar, Moxzy, of Mississippi, shows that this ve. port was without foundation, but that, on the contrary, My, HusTinarox and his asso- ciates are propared to push their road ahead on the proposed route without asking fur. ther Government subsidy, The bill to which we refer recites that tho Bouthern Pacific Company have complisd ‘The Eenate Special Committes on Mezican Affairs has beeu constituted exclusvely, on tho Republican side, of Seunators bostile to the Administration—bir. “ongrive, Chairmav, sod DMessrs, Haw- 1N, Howe, Joxes of Nevada, auvd Caueron of Pennsylvanis. The Demoorats are represented by Messrs, Eaton of Con- vecticut avd Maxey of Texas, The chanco of criticizing the policy of the President and Socretary Evauts in reference to the border duiculties wili probably not be neglectod by tho Committee. Some of the goldite clasa assert that the Qov- ernment never coutemplated: paying its bouds insllver. How do tbhey know that! Did the Uovernment forcknow in 1673 that aiiver would always be dearer than gold¢ The Government only intended to pay fu gold so Jong as that was the cheaper metal; it fully fatended to pay 1o silver tho moment gold became dearer than sliver. The bondlolder know this very well; be knew the Qovernment had the obtion, and would exerclse it whenever ita intereat would be promoted thervby, “The Government bas always excrcised the right to pay in the cheaper of the two metals, and that optionsl nght muss be reclaimed. g Mr. CovgLise seewms destined to remain tho central figure of the Senate, Opportuni. 1y is never wanting to the truly great, An impativet sud pousibly offensive exclamation by Geu. GoepoN, of Georgia, In executive session yesterdsy, furnished the occasion for o seusatioy, uud Mn Conkrivo took advan- take of it to hurl back and reiterate words that could scarcely be received as other than o deliberate insult. The Southron retorted iu language that in the days of the Code meant pistols for two, and wsy wmean that vow unless the affair is amicably adjusted. — o ———— Thbe lttle cloud of war that arose on bhe horizon in the direction of Mexico ccms to have faded fulo sl more lender proportlops. Ocn, BusiMaN, by he way, i3 sald to be opposed to acquir ug any Mexican territory, and thinks that uited Btates troops snould be lent for the urpose of establishivg a permanent Govern- eut in that unhappy country. Oen. GRANT, seems, held the same views in 1665, when he rote a lotter 1o President Jouxsox sdvising that alcave of absonce pe granted to geoeral officers for the purpose of taking service there and alding to restore the liberal Government. ————t—— A queer trassaction is alleged sgainst Gen. Bamxinag, of Ohlo, Chairman of the Military Comnmittes of the House. A short time ago ha hircd ag clerk of the Committes one SPILLARD, of Ulnclanatl, sud sdvanced him $100 on his salary, whereupon tho prospectivo clerk bicd bim away to tho “Parls of America® without havlog performed avy of bis clerlcal dutics. But Baxyma was not to be out-maneuvered § he found another mau who acted as clerk at balt-pay, whilo somo one pocketed the balance. 1t the cxplanation now given of the re. 1oval of Collector Antaus, of New York, is the correct one, it ought to have been given . several days ago, at the time when theBenate was seeking information es to the couse of tho removal. There appears to have been a cause, and a suficient one, and the Benate Lad a right to know it before oconsenting 10 displace au officer gouerally belioved to be eficlent and satisfaciory. Alr. .Awtaus's offense is said Lo hsve been & neg. lect or refusal to oboy the Preaident's