Chicago Daily Tribune Newspaper, December 20, 1877, Page 4

o 4 .THE CHICAGO TRIBUNE: THURSDAY, DECEMBER 20, 1877. The Tribane, TERMS OF SUBSCRID ON. TY MAIL—IN ADVANCE—~FOSTAGE FREFAID. [y Editian, on Part oa Bund it et Fdition, iw r1-Weckly, one year. Tartaot avenr. perm WEEKLY EDITION, IOSTIAID. ¢me capr, per year. R ar fonr. Speeimen captes rent tree. Glye Post-Ufice address In fall Including Btste snd County. Hemittances may he made clther by draft, exnress, Toat-Oftice order, orin regtstered lotters, At our tisk. TRRMS TO CITY SURECRIDERS. Detly, deliverrd, Rundar excepted, 23 cents per week, Lnfiy, delisercd, Sunday fncinded, 20 rents p Address TIE TRIN Commer Madfsan and Dearborn: Ordere for the dellvery of Tre TRIBCNE L Englewnod, and Hyde Park feft fn the eounting-ruont willreceive promnt attention, TRIBUNE BRANCI OFFICES. TnR C1CAG TRINGXE hias cotablished branch oflees for the receipt of subscriptivns and advertisenients os fullown: NEW YORK~oom 20 Tridune Bullding, F. T, Mo+ Cuanvxs . Mavager. 1800, Cal.~Palace Hotel. Sannger. PAKIS, Franre—No, 16 tae de 18 Grange-Batellere. 0, Manten, Agent. Eng.--American Exchauge, 449 Strand, Az HExuy F. UL Forwell (al), Madfean strect, etwean Ulark and Lasalle, ** Moth- er Goure," MeViekor's Thentre, adiren street, Letween Etate and Dearbors, “'Stdonte," Yicolev's Thentre, Tondalph atiect, between Clark and Lasalla, Tnpsgement of the Mes Engibsh Opera Troupe, **kra Diavole.” Haverly’s Thenire, Monzor streot, corner of Dearbura, o I Uarkins, *ufack Cade,™ © Cinrk stre Engegement of P Ny e 1ty The nre-fauss, MEETINGS. re. Dark Work." SOCTF¥ THOMAR AN =W . 4w, A Py and featiuir Tininlny press i A timzly totice, aud 2oy E. PETTIRUNE, W, 3. ~Thn Annual urner liuhey ety . dued, THURSDAY, DECEMBER CHICAGO MARKEY SUMMARY, ‘The Chlcago produes markictn were gencrally firme er yesterauy, with o fale volume of business, Mesq pork closed B@7iie por brl higher, ot L5874 @ILOV for January and $1%035,@12.05 for ' February. Lard closed 213¢ ner 100 Ibs highor, at £7.771% for January and $7.873; for Feuruary. Meats were firmer, ot 4%¢ for buxed shoulders and €6.00 per 100 b for do short rive, Whisky was steady, at 81,03 per gallon, Ilour was eteady. Whent closed 155¢ hisher, ut 81081 fur Decomber and 81,00 for January, Corn closed 131%¢ higher, at 455 cashiand 42¢c for dan- uary. Oats closed %c bigher, at 24%c cash aud 2ic forgJannnry. Itye was Grmer, at SUc. Bare Iey closed casior, at BN for Janunry and f%c for Fobruary, Mogs wero quiet and Ge bhghe er, ot B4.00@4. 25, Cattle were n fulr demand and unchaoged, with sales at 31.63%3, 40, Sheep were dull, at $2,75@4.25. Whest In wight last Salarlay, 10,805,036 bui do corn, 5,087.- 487 bu. Inep into store In thie city yes. terday morning: carw wheat, 50 cars corn, 1 cars oats, 0§ cars rye, and 67 cars barley. "Total G340 carn), 120,000 by, One hundred dollars in y;-m would buy 102872 In groenbucks ot the close, —————— Grombacks ab the Now York Stock Ex. chango yestorday closed at 974, ‘I'bio ringlender of tho rallwny rioters of lnst July in and about Albauy, N. Y,, Jony Vax HouseN by name, wus yeatorday son. tencd to saven years” lmprisonment, PR Ausliin's policy of neatrality wau yestor- Dy reaftiem:d by Count Anpnassy in p speceh to the Budget Committes, iu, which Lo siated that the Govornmont vould pre- vent the extension by Survin of opetations in the direction of Bussln and Merzegoviaa, I'he nuw Demoerntio Sonator just. cloctad by the Califurnia Legislatire as the succassor a1 Senator HanaeNT f3 represented to bo o trong tlver man, un implaeablo foo to sub. in any form’ or for any purpose, an spponent of Chinese immigration, sud o fuivnd of freo tradu, Yho Adwinivtention has no feara that the finir wt L Taso will develop into a difionlty Lotween Blexico und the United States, Thire 15 un dirposition st Weshington to tegnify the bonler troubles to that extent, rtad it bs Delioved thnt the Mcxican Govern. ment s cqually anxions to weintain freudly teiations, e ——— ‘The willof Axxe P, Seven, of Boston, which wo adisitted Lo probate yestarday, containg mblie beguesls amounting in ull to 219,000, Harvard College gots §140,000, of which §100,000 i for the erection of a building to be kuown as Bover Hall, $20,000 for the library, and 20,000 to be uswl as may bo thought proper. The concentration jn largo numbers of Lostilo Sioux fn tho Britlsh Northwest Ler. vitory, togetlier with (he inadequacy of the Canadinu police of that region to restrain or control the wovements of the unuruly sav- zges, has suggested tho necossity of the con- struction by the United States Government of u largo sud pormauent wilitary post near the boundary line. It is understood that Gen, Tzesy has glready sclected the sito for such n post, and that its construction will be recommended to Congrosy. et Mt — The revelations in regard to the Contral National Bauk aud Mr. Expicorr would seom to placo that coneern snd its Prosident on ahout the samo footing as the Cook County National aud State Bavings Institution and their Presidouts, It the present upprebon. sionsof the Receiver prove to bo correct, then thebankhasbeon not morely mhmumqud. but plundered. Receiver Grovew's statemonts fn- dicato that the National-Banking law, under which tho Central was oporated, has becn flagrantly violated in & mauner to mnke the Prusident criminally linble, and the Dircctors lisblo in damoges in so far s they bave knowingly permitted the violation, It is high timo thut some teat cases be mado to oscertain whether or uot the National-Bank- iog act s & dead lotter so far &3 the protection of depositors is coucerued. Mr. Expicorr’s disappearance, alorg with certain indicstions that he used tho depositors’ mosey to pay for stock of tho bavk Luld in bis name, and otherwise missp- somely equipped In the mattor of Bishops of of the Diocesca througliout the United States shall have given in their conseut to couse- emtion. Dr. oacapo from being Bishop of Illincis, having becn chosen 3 the succossor of the lamented Wiurrrnousg, but the cholce was not con. eitrred in by the General Convention, chiefly on account of his supposed titnalistio ten- dencies, Binco that timo a better knowledge of the facts and a tnoro liberal view of the cwrried on profitably by a numerous body of aparators, ostensivo in this conntry, and tho deciston, involving n learnod intorprotation of the law, may have nwido interest in the United States. largely into tho hionds of middlemen. syslem cf nmple compensation. or & per cout commisslons, they adopted plicd tho funds, ealls for some action on the part of the Comptraller of the Currency to geenre the punishment which the Nationnl- DBank act provides for such offenses. We should sny, too, that the condition of the nssels would warrant and demand that the Receiver suo the stockholderson their double liability, aud ask that they be enjoined from disposing of their property for the purpose of cvading that Hability. Prompt and ener- gelic mensnres by the Comptroller and the Receiver may save the defrauded depositora muclt money which they will lose by neglect or dolay, aud it is tn the interest of the Na- tional Banks gonerally that confidence in the eficacy of tho nationnl law should be re.es- tablished by enforeing its provisions. Lot us place the effect of romonetizing sil. ver tn such n light that n wagfaring man, thangh n fool, may understand it 0Old American dollal ine standard sllve Suosldiary dollar--gealns standard silver. .. 580 Metalin old American dotiar in addition to 1t in A0DAIAEY L vossvenee 2014 Subeldinry dollar, inarket valno. 0L, 0 ue s Old Ameriean do silver it contalne, 11T Advantage of the Haliter coin employed as ver Lhe preater umount of eilver ELLT 177 e . y e Now retonelize the silver dollar, making it a full legal-tender, nnd what rencon is thoro for usserting that it will then be of less valuo than subsidiery cofu? What, then, becomes of the blatherskito gabble of n 01 cont dotlar ? “Iho Stato of Mlinols fs now very hand- tho Protestant Episcopal Chureh, or will be when tho Standivg Cominittees nnd Bishops The 8pringtield Diocesan Conven- tian Jyestorday chioso ne ita frst Bishop tho Rev, Dr. Gronoy Fox Serstoun, Doan of the Goneral Theological Hominary of Now York. Tt will be romwmbered that Beysoun osce had n narrow mntter havo como to pass, and it is probable that Dz, Srysoun will Lave botter luck this timo, Tho Tnter-Occan, the visit of tho Boston Comnercial Club to Chieago, nccuses tho members of i1l manners aud indecorum at the dinner, becauso soma of tho gentlemon, in discussing commereinl uestions, supzested that the tariff should Lo rovised, The speoches at the bLanquet wero in no sense partisan or unbecoming. ‘Tho Club was composed of merchants, and was entertained by merchants, and it was natural that, nuder such circumstances, tho speeches slould ombruce references to all branches of commercial subjects, rency, the silver question, the transportation quostion, the navigation laws, the increse of export trnde, the encouragement of manu. fncturas by oponing trado with foreign coun- {rios,—nll thess matters were referred to, not in a partisnn woy, bLut as merchants talking to othor merchanta would spenk of such things, tho tone, and splirit of all tho speeches by the Douton goutlemen wero such aa to specinl- Iy commend thom to oll who wore present beeause of their nppropristoness and free- dom from dogmuatis The our- In fact, tho general character, ThoEugH;;z courts havo jnst rendored a decision which, should it bo aflirmed on ap- peal, will strike down u very large business It rolates to n business also very The export trado in England hos fallen For- cign customers Linve censed to deal direetly with the maonfacturers, but do deal throngh *tiigonta” or commission men, who do all thn buying, 'The agents ordinarily seloot tho goods in open murket, Luy, pack, insure, ship, nud poy for thom, charging for theso sorvices n commission, usually, of 1 per cont. This business hns so grown that forolgn customers have gradually asked of theso ngents so many sorvices that the usual commissions do not afford suf- ficiont compensation, and theso *‘pgents” —who are represunted ns composing largely thu Lody of exportors—Lave resortod toa but somewhat private Tustond of uniting to ask 2 anothur plau, 'This wna as followa: The commission houso having an order'to fil for oxport gave preforouco to such manu. facturer 08 would allow tho largest percont- ngo; inother cases thoy would obtaln con. trol of goodds nt low prices, with which thoy would fill ordurs at full pricos; they be- cnte thelr nwis packars, insurers, and various other dotails of thelr Luslness, charging not ouly the full rates for these, but cowmis. sions thercon, - ‘Lhoy sold packing cases and tins which they had bought at heavy dis. connts, and in all things holding thomsclves out o9 ngents, buying of othors, for their principaly, ab lowoat prices, This business Lad bocome goneral, In tho case actually decided by the Conrt, the overcharge for ** commisslons” amounted to half a million of dollars, The Court ruled the practice to be radically dishoneat. A commission ngent cuunot have two opposlng intercsts, Ono is ta buy chonp and tho other to soll dear, He eaunuot, whilo acting as agont, sell to himselt oud weko profits ou his sales, kooping the facts unknown 1o his principal, The English papora represent that this decision will break down an {wwncuse business by oxport agents, becauso it probibits tha further operation of o systens whioh makes such ngeucies profita. ble, ‘Iho merits of the riot ot El Paso, which Laa resultod in tho death of Judye Howarn and two othors, have not beon fairly stated in some of tho press dispatches., Tho Lost information is to the effect that Howann was lyuched for a murder committed Ly him some munths ago, The affair is complicated by tho race-fogling existing in that partof T'exas, whero moro than half of the resi. donts aro Mexicans, They have beon rein- forced in their sioge of El Paso by a number of thelr couutrynen from tho other side of tho border. But if the riot Lad been in Missouri instoad of uear the Rio Grande, and if there had beon no Moxicans concerped, it would bardly bave been an important item of crimival nows, Tho present troublo has grown out of a disputc as to the ownership of extensivo salt mines soveral hundred wiles from the border, at which the peoplo of the surrounding couutry have obtained solt from timo immemorial, freo of cost. A number of American spocu- lntors, Judge Howanp among thew, sct up a titlo to thess mines. Tn attempling to main. tain his title Howamrp quarralod with the peopla in the neighborhiood, and at last shot and killed an Italian who had ospoused the Moxican cause, and was popular smong them. Howagp then fled the country, On returning, whon he supposed tho matter had quioted down, he was sought out by tho Mexicans, who ecom to have long memories for iujuries. After maintaining n eiege for soveral days, with tho nssistanco of a small compnny of Texan Ravgors, ho was compelled to murrendor, and was immediately shot. This is the whole caso. It haos no interna- tional significance, and can have nong, unleas it is used ss o lovorage by the turbulent spirita along the bovder in their cfforts for war, Tho Wnshington correspondent of Tur Trinuse gave 8 correct dingnoats of the war fever a fow days since when he said it wna a quarrel betweon the fucorporators uf rival milronds in Moxico, one clabming u Iand-grant from the Linpo Government und the other from tho Duz Governmeont. The original grant was to & party of New York capitalists, headed by Pruao. This grant having lapsed, Diaz conveyed it to another party hoaded by Roszcmass. llenco the raids, tho ‘‘outrages,” and the various affronts to tho dignity of ecithor country. It is hardly an affair mportant enough to em- broil two great nations in war. THE "“NATIOR" ARD THE BILVER BILL. ‘The Nation hes now reduced to ils own ovident natisfaction the smbject of silver as mouey to n series of abstract propositions, which are as o wholo abont ns profound as those of thoeminent Bunsly. It tteats the 8ilver bill, ns origmally proposed, under six- teon revernl and distinet *considerntions™; and the bill as amonded, limiting silver a3 & legal-tender to 830, under nino ** considera. tions,” aud the whole twenty-five considora- tious it publishes as finally and fatally con- clusive that tho restoration of the sitver dol. Iar to the logal status it held from 1793 to 1873 will involve the United States in Lope- 1ess and jrretriovable ruin, Wa give, in their origlunl distinctness, sovon of the first sories of considerations. It must ba borne in mind that the Nation writes from tho staudpoint of resumption of specio paymonts in gold. It opens thus . 1., The Government cannot call in greenbacks as the Germnu Government has called inaliver, for conversion. ‘The German Government called in coln of Intrinslc vatue and paid oot coln of Intrin- sic value, getting an equivalont fn kind; the green- backs have no lotrinse value, and arc only prom- fscato pay. The only way to call thom inis to pay them, o 2, Conscqnently, the only means the Govern- ment has of ahtaining silver for colnage e {n ox- chango for tho greenbacks and goid m its own coflers. 3. Thia transaction csn only be repenled as farther amounts of greenbacka and gold are pald Into the Treasary, and must, therofore, be limited. 4. Gold will stili bo required by States, cities, and raflrond companies whose bouds and interest are payable In gold, and by merchants who wish to keep thelr merchandlse o o yold basts—that 1s to say, on a par with othier countries, 5. Thore will, therofore, be approximatoly tho same amonnt of gold roquired iutho country as herotofore. 0. Hllyet will, therefore, have to bo added side by elle with gold, easch performing a differcnt fanction, two aupplies belng required instead of one, For example, the werchant will havo to have a supply of old to keep his merchandlise on npar with the rest of tho world, ond o separate aupply of silvor to pay his dutles, 7. Silver belng by law legal-tender, grecnbacka mast st onco fall to tho samo discount, as regards wold, thatsiiver isat. They bave no superior In- trinslc value, and tholaw will give them none. Eventually they must tend to fall lower than sliver, 't'ho render may find some diflculty in making an application of theso oracular prop- ositions, If we understand their purport, it {5 that the greonbacks must be paid—that s, taken up and canceled; that undor frec coinage tho Government would have no way to obtain sllver, or bullion, or coin, other than to purchase it with groonbacks or gold; that this process must nocessarily bo slow; that gold will bo required na now to pay all gold obligations, and that as mucle gold will be naeded as befora; and consequontly silver, instoad of taking the placo of gold, will be- como an independent coiu, having soparate uses; that greonbacks must fall below silver, and the thres legal tonders will bo in uso, Theso ‘deductions are followed by oth- ers to the offcct that womust export gold to tako tho place of silver we acquire, and that this will incrense tho price of gold; that groenbacks must continno to dopreciate and fall below silver, and this deprociation in time will bo 80 great that silvor will bo ex- pelled and nothing loft but greenbacks; that the Governmont would have to buy sil. ver or borrow it to pay its Intorest; all the bonds would fall in value to the exteut of tho differenco botween gold and silver, con- sequently oll now bouds would have to bo funded ot o lighor rato of intoreat, and everything, logally and wmorally, would hava becomo flually smashed, 1t eilver Lod nover boon monetized in this or any other country,—if tho proposition was now to introduce ns money o metal Lithorto unknown to tho world, ond which had never Leen ewnployed aa mouey,—speculations as to tho effect of such a procacding might bo ex. tended indofinitely, Dut no such question is now presented. * Bilver as monoey 1s as old as history, Bilvor hna beon domonctized but a fow yoars; it had been logal coin from tho first foundation of the Government to 1873, and had during all that tine and for two years after commanded & promium in gold. For o contury prior to 1873 ellver had main. tained a superiority to gold, to tho oxtont that, compated ot the waight of pare ailver in the Amorican dollar, the silver coln was worth moro than the gold one, ‘The declino in value of silver Is due to its domonotiza. tion by Germany and the extraordinary dé. mand for 300,000,000 of gold by that coun. try. ‘Tho cause is temporary, and, when the oause bay consed to exist, silver will be ro. stored to ita ordinary value in gold, if this country domonetizes it, The Na- tion, however, procceds on the assump- tion that to monetize silver is somothing now; that it Is proposed to introduce as coin o metal that has always been juforior ; that it has beon 8o inforior that .a dollar mado of that metal will be worth only 92 conts, and must always remain of that value. This is neitber an honest nor a logical statement of the case, If tho remonetization of silvor shall have tho effect of placing sil- ver bullion at the prices it has commauded for half a century, then the silver dollar will bo worth as metal not only 100 cents but 103 ceuts in gold, and the inferior or chesper gold coin will then become, as it was from 1834 to 1875, the odin in goneraluse. What, in view of this plain and direct fact, becomes of the progressive ** considerations” by which the Nation traccs the alternato expul- slon of gold aud silver, and an exclusive car- rency of sadly-depreciated groenbacks, as re- sulting from the remonetization of silver? If thesooro to be tho sad offects of silver coinage, why Lave they not been discovered inthe past? Why isit that Franco, instoad of being ruined with three kinds of legal- toudoar, s especially blussed fluancially with an abandance of coin aud of paper, all of an mont ia that it {s not final, wedgo intended to forco tho United States Tronsury wide opon, and lot Canada have all cqual and exchangesblo valno? That coun- tey is filled with silver coin of unlimited legal-tender, and is rich in the possession of money beyond that of any other nation in Europo, ‘When silver shall be remonotized thera will be no difiienlty in the Government gotting silver with the samoe facilily that it now gets gold; and if the legal paper dollar which hias no intrinsie valuo can purchnso 07§ cents in gold, tho legal silver dollar, which will lavo an futrinsio value of 92 cents, to bo incronsed with the riso in tho price of silver bullion, will pnrchasa just ns much gold na the paper dollar. 'Tho monetized silver dol- Inr will becoma the general national coin in the Unitod Btates, as the f-fraue silver plece of Frauce ia the universal coin in that coun- try. . Frauce is not cut off from all commor- cinl futercourse with other nations beeaune of her silver colunge, aud tho United States will hiave no more difliculty in that respect Liereaflter than it had from 1703 to 1873, Wo hiavo no purpose to gravely diseuss the sixteen considerations of the Natlon. 'Fhey all rest upon false assumptions of facts, aud the conelusionsy are wholly nwarranted by nuy known or rensonnbly anticipated condi- tion of circumstances, It fs thereforo bnt nntural that the Nution should wind up its stotements by nuserting— ‘The whole ellver movement I8 in principle an ef- fort to ** protect® sliver, Ly putting it to artifcial tisen and sucronnding it with artificlal privileges Inconslstent with Itsnatural level of yaluo throughe out tho rest of the world, What i3 the *‘natural lovel” of silver valug? Tlow Jong has this natural lovel of value been established? During the Inst century and longer, gold has suffored sevoral serious declines invalue. unchanged, oxcept to command a higher price in gold, when Germany offered $300,000,000 of it in exchango for gold, and Gormnany has sffico ‘been paying n large premium for gold. What was tho *‘natural” lovel of valuo of silver throughout tho rest of the world before Germany domonatized where, and by whom, has ita natural level of wvalne beon changed since 18767 How long since silvor has been used as money among men silvor in tho timo of round it with artificial counistont with ita natural level of value? Ins maukind, civilized and unclvilized, in all ages and in'all climes, from tho time of Anpamay down to 1875, porsisted in putting silver to artificinl uses, such as coining it in- to monoy, and the fact not becoms known until discovered by the Nution in 1877 ? Ilow tho world hos suffered, and how bLuman af. faws Liavo oll gono wrong over sinco creation, becango it hadno Nation to direct it | When the fact is known that silver is to.dny tho coin used oxclusively by the large mnjority of mankind, the assertion that the Bilver bill i an attomipt to put it to an artificinl use, m- consistent with its natural level of value throughout the world, is not rodecmed of its falsity by the unblushing boldness of its manuer. Bilvor has beeu It so remnined until 1875, it? When, and and natfons? Did the wuso of Apnamast sur- privileges, fu- ‘THE CANADIAN FISH-GRAB. The commeuts of tho Englich press on tho Conadinn fisheries nward oxhibit o vast and varied ignorance of tho subjoct. ‘Fhoy all nasume that tho award will be pald without protost; whoso offort to be candid oxcites the wrath of the Canadian nowspapers, jndges tho morits of tha question to be fairly stated in tho verdiot of tho Commission. Nowhoro in tho disoussion earried on in England does thoro appear an intelligont comprehension of tho fact that tho Unitod Btates have given far moro to Oapada in robates on duties than they have dorived from that country in tho profits of tho fisheries. A papor usually 80 woll informed ns the Pall-Mall Gazette says in this connection: *Under tho Recl. procity Tronty, tho Amoricans had used and profitod by the right of flshing in Canadian wators, . Thoy abrogated tho treaty, and yot donounced the Canadians ra ‘unnoighborly ' beeauso they refused to .concedo tho flshing righta absolutely, in perpetuo, and without rotarn.” 'The truth s that tho United States did not abrogate tho trosty so far as the ad- mission of fish froe of duty was concorned. "The continuanco of this privilego was mado an important considerntion for the fishorics concossion in tho Troaty of Washington, though it was ignored by the Commission organized under that troaty. aud ovon the London Times, Tho main objection to the Halifax judg- It iy an entering tho plundor she can carry away, It is a par. tial sottlement in point of time and in respect of tho subjects in controvorsy., The iu- domnity of $5,600,000 ropresonts only the benefits enjoyed by the United Btates during o period of twelve years, ono-Lalt of which hos already clapsed. At tho expiration of tho twelve years the two countries will bo Jjust whero thoy were bofore, or rathor ina wonio position, bocauso they will come to the frosh adjudication of thelr disputes with embittored feeliuga, Tho award also fails ta cover tho whole subject, inasmuch na it makes no acoount of the clalm for compen. sation for the privilego of purchasing balt and supplies, or of the memorable and un- dying hoadiand controvorsy, The Canadian olafing in this connection aro preposterous; the United Btates will novor yield one cent insatisfactlon of them; neither willit pay suy other olaims until theso are formally abandoned. Wo know that the trado of our fishormen with Canadian dealors in ico and salt is a8 profitable to one side as tho other; it it were not, it could not exist as atrade. Tho refusal of Canada to scknowl. edgo this simple economical truth {llustrates fairly the ropacious spirit whioh has controll. ed her throughout theso negotiations, The manifeatation of this spirit exasperates the peoplo of the United States and precludea any sottlcment of tho fisheries dispute on the terms arranged ot Halifax, Eugland aud Canada combined cannot {n- duco the Congress of the United Btates to cousummalte a partial settlement of this con. troversy. While there is an earnest desire on this eide tho border to remove forever, or for o long term of years, the canses of mis. understanding botween the two countries, thero is a positive unwillingueas to pay off in installmonts, of indefinite dmounts and for an {adefinite period, every claim that the Canadian imagiuation cau conceive or Cava- dian jmpudence present. The proper time to pluck out fond hopes of this dosoription now cherished by the Canadian nation is the present, when they can have hardismtaken deep root. The American Government, we are confident, will be thorough and not too gentls in ita work. The line will be drawn sharply a3 betweon every- thing and nothiog., Thore will be uo half. wsy psyments, no compromises, no divi- dends. ‘The presont award will not be con- widered o *‘basis™ for future negotiations, or a comparative sppraisal of the whole benefits epjoyed by the United Btates, but siwply aud solely on its wmerits a3 a fraction. of nn undotormined wholo, The American poople are waking to a consciousncss of the fact that the Canadian people are attompt- ing to play the part of hullies; that, trust- ing in their weakness and insignifieance to protoot them, they have presumed upon neighborly kindness. This conntry hos uni- formly treated Cannda with more considera. tion than would have been granted to a power moro nearly equal in strength and commercial importanco, It will bo a sad day for Canada when tho United States aro forced to chango thin traditiona! policy of forbear- nnce, and employ the logic which has fusti- flod England in all her acts of territorial aggrandizoment. International law, in the last nnnlysis, rests upon brate force as n foundation, and as n force the Unitod States aro, in America, irrosistiblo ngainat the world. The Governmont of the United Blates in not accustomed to deal in thrents, but neither will {t nccopt wonkness ns an excuse for patty theft nnd fraudulent pretonsion, WESTERN MORTGAOES AND EASTERN " BHARPS." 2 The Now York T'imes pursuos ils attack on Western investments with relentless and nn. scrupulous harshness. It mnkos inolated in. atances of allogod or mythical villainy the basia for charging goueral dishonesty and collusion botweon Western lonn-ngonts and bLorrowers to swindlo the Enstern money- londers. Aftor disposing of Minuosota, Wis- consin, fown, Nebraska, and Missouri in this sweeping and summary fashion, and an- nouncing that it is not safe to mnke loans at 26 per cent of tho valuation, much loss nt 40 per cont, which has boen the rule, it contin- ues concerning Illinofs : Dut we have yet more damaging testimony from 1lhnole, s our readers will probably acknowledge after glancing at the lotter printed in anotber part of this paper. The writer Is & reputable citizen of Mount Aubarn, who speaks of hisuwn kuowledge, and who declares that the Times, instead of exag- gerating the rascality which exiats in connection with mortgages, **hae not told balf tha teuth.'" The case he narrates in detall cortainly tonds to sustain the mtatement. The businees of defraud- Ing Eastern lenders by faleely representing the valae of land and Its improvemants has grown into nn organized system of perjury and fraud, tho di- rectiug bands beinc unaeen, and the visible opera- tars being men of straw. Land bought at low tigures {ansed asthe foundation for joanson a valuation fAve orten times tho actual selling vrice; money oh- tained on this basls passea Into the pockets of men ho incur 10 rasponsibility to the mortyageo, the ‘only porsonal security being that of men whose proper place 18 the Penitentlary, Our correspond- ent speakn of a loan negotinted within the lnst month, the sworn apprafeement being nine tines, and the loan four times, the highest cash value of tho land, Cuses of this eort aty acscribed ne fre- quent in that nelghborhond, and indecd as plenti- ful in other places ; worthless lands, ns our corre- spoudent rewmarks, belng ** much sought for the purpose of being veed in Just such swindling transactlons.” Wo shall bo reminied, of course, that there pre truetworthy agents and appralacre us well as dishonest oncs, und we have no dealre to ignore the distinction. Wo submit, howaver, that facta more than justify our arralgnment of the gen- oral aystem, and our warniog agalnst the dleasters which it lnvolves, ‘The meaning of all thisis that the Now York Times, in ordor to maintain the falso position it had taken, sceks to wako a single correspondont, who citcs two justances of swindlo (both ovidently the work of tho smine person), a witness to prove n goneral system of alleged swindling, It would bo onn plane with this ronsoning if the Now York Z'imea should sclect two or threo instances of a confldonca-gamo chronicled in the loeal colurans of the Chieago papors, and thonco arguo ihat all business in Olleago iz con- ducted on that systom. Tho Zimes haa per- sistontly ignored tho statoments and roports made by reputablo lonn-agents of tho West doing a large and general business, and presented by Toe TrRinuNe 8a an answer to the wholosnlo assault on Western Invest- ments, but maintains that the fow swindles it cites aro fair samples of the whole. Now wo hoar that a man named Gowax in New York hos 80 managed o raflrond as to do- clare 815,000,000 dividends out of borrowed monoy during a term whon only $2,600,000 or $3,000,000 wore earned; we havo also hoard of a New York man named Giany, who swindled overybody who trusted him, and a man named Oase, who used a life.in- surance company to the samo end, Thero aro somo other Now York men who are sus- pected of swindling oporations, Are wo to conclude that all the business-mon of Now York should be regarded with suspiclon? Yet this would be as fair o judgmont as tho Ttmnes makea in denouncing tho entire cluss of Western mortgages, aud charging an or- ganized systom of swindling, on account of individual instances it has been able to rake and scrape together that bear n fraudulont napeot. Tho simple fact is, ns the reports of re- eponsiblo loan.agenta throughout tho West ottest, that the sbrinkage of real.cstato se- curities in the Western citics and of form- propoerty in the Western Btates has not oc- casfoned 80 largo n proportion of loss to the monoy-lendors as similar investmonts In the East, The margin given them in the larger rato of intercst pald on Western mort. geges affords room for a more eerious dopreclation without making so great o loss, but, mnot counting this, the beat testimony is to the effect that the depro- ciation of property in the East has boen, on the whole, greater than in tho West. Of counse this Is suro to grow worse instead of better_under the obatinate maintensnce of the policy urged by tho Esstern money- lenders and their nowspaper organs, They made their loaus when thero were throo Ilawful and recognizod ourrencics ; they de- sire to enforco a psymont in o single cur- ronoy, the value of which has been abnor. mally increased by tho actusl demonetization of one of tho thres, and the prospective abandonment of tho other, It is nover an ensy matter to ropay a debt with 20 or 80 per cent sdded, Whon this amount is added to all the ontstanding debts of the country, the burden becomes univorsal. The excop- tional and unnataral value givon to gold by strikiog out the silver standard, and by tho threat that all debts after Jan. 1, 1679, must be pald in gold, has bad the effect to decrcase emormously the rela. tive value of real estato and all other property, Tho rosult has been a steady shrinkage in tho values of the property, and o steady rise in the value of the only currency which the money-holders aro willing to accept in paymeat of thelr claims, The practical enlargoment of the debts, and the enforced curtailment of the value of the property given in security for those debts, bas mado it impossiblo for somo debtors to pay in full, and undesirable for a still largor number. The number of forcclosures upon dopreciating real estate which tho debtors could not avold, and of othors which the debtors found no encoursgement to rescue, bave likewise contributad to the further de- precintion of property. This process will go on and the sctual condition of things will grow steadily worse so loog 8s the money- lenders continue to successfully insist that they shall be repald in a single gold currenoy worth from 25 to 50 per cend moro than the currency thoy ad- vaoood at & time when gold, silver, and greonbacks were all lawful money. in the real canso of the disnsters that have oceurred and of the disastors that are threat- ened, seattering instances in which Eastern money- lenders agents; this wonld only acconnt for a com- pavatively insignificant Joss. and the prospective danger are alike due to the overreaching and short.sighted groed of those who dosire to oxclude silver from the monetary systom of the country, aud to en- force the payment in gold alone of dabts that wero contrnoted in n currency worth from 20 to 80 por cont loss thaa tho present value of gold, find & man who has gone nad on tho simple ar- ticlo of dlet above mentioned, the English mako the best tea In the world,— Just né truo s that they mako the most execra- ble coffeo,—und perhaps the poor Bedlamito had some mothod {n his madness -on that score. English bLreakfast tea is a Juxury that s for- country every year, while’ it has long cnjoyed a same district In ‘Tho most recent fnstance of thu beneficlaletlects This It is not necessnry to look up a few have been swindled by rascally The renl losses PO — 'The Washington correspondent of Tre Tatn. uNe has bad an interviow with a ropresonta- tive Southorn gentloman, who disclaims ali desire on the part of the SBouthern people te contribute nuything to a o:ustruction ring, whetlier under the control of Tox BcotT or anybedy olse, but says that all they ask is 1o construction of a Southern Pacifie route At the chenpest prico and in tho wost oxpedi- tious manumer. This geutloman goes over severnl ‘of the rchomes which havo been formulated for Congressional considoration, involving o subsidy of from ®17,000 to 35,000 n mile, and n gnaranteo of bonds all tho wny from $35,000,000 to 60,000,000, This representative of the Houthern peoplo thinks that tho so-called Jomssrox Dbill, nsking for nn issue of £:0,000,000 or §60, 000,000, will eommand the support of two- thirds, and perbaps three-fourths, of the Southern members, and says that, if this or o similar mensuro be defented, the Bouthern people will claim it to be tho result of sec- tional opposition. Now, if the ropresenta. tive of the Southern pooplo and tho South- ern people themselves hnve no desire to con- tribute to any construction ring, but only tosecure n routa to tho Pacifie which shall bo especially tributnry to Southern interests, why is it that they determinedly ignoro the Monzy bill introdnced recently which au. thorizes the Southern Pacific (HunTiNaToN's Company) to push on from the Pacific enst- ward, mevely . availing ftuclf of the land. grants as far nnd as rapidly as they proceed, and pledging thomselves to comploto a conple of hundred milesn year? Under this proposi- Hon there will bo no opportunity for con- atrnetion rings, for not one dollar of money or bond subsidy 1s asked, ‘I'ie fact that thia Compnny has already built soveral hundrod miles 8f road—-as far as it has nuthority to go—is a gunrantee that it will proceed wilh equal anterprise it anthorized to go further. The rond thus built will be constructed aconomically ns o privato business euter- prise, and will bo the greater bonefit to the Southern people, as it will need to carn wmouey only on n rensonable eapital logiti- mntoly invested, If the professious of tho Southern peoplo in this matter aro genuine, thoy will rally ubout HuxrtinuToxn, and sup. port the mensure introduced by Mr, Movey n4 moro honest and more desirabla than sy which fnvolves tho issuo of bonds. ‘There {8 o certain Innate of Bethichem Ilos- pital (better known by the corrupted name of Bedlam), In London, who izocs about from morn- ing until night woaning, * Give me my nlce-cat bread and butter and my cup of tea.”? Mono- maniaca on the sublect of alcohol are fre- quontinall countrles, but it (s o novelty to It s true that tunatoly coming into inore frequent use in this wlde reputation on the Continent, although it ts ditlicult for people unskliled in culluary opera- tions to underatand why it should be any better than soy other tea that comes from the China originally, As carly as tho middle of the seventeenth cene tury the Londoners flocked to Uanfawar's chop-house for the purpose of drinking tea that cost $12 a pound, sud they have been drinking it pretty steadily cver sluce: hence, thelr long practice may have enabled them to bring the concoction to fts prescut bigh degreo of art. Tho Englishman who alluded to the “cupwhich cheers yet not Incbriates' was unconsclously paraphrasing the scnthnent of the learned Lo Yu, who, In the dynasty of TANG, A. D. 618, wrote: ‘It tempers tho spirits angd harmonizes the taind, dlspels lassitude and relicves fatizuc, of tea is revorted by the Moscow Guzefte, Dur- ing the rotreat of a portion of the Russian army of the Caucasus from the Little Yagns, the FYourth Detachment of Arduhan, consist- fng of five baltalions, was compelled to moke a forced march of seyersl days without provislons of any kind except an urn of tea, which o private naned BTEI'KIN took charge of and carrled throughout the whole wearisome Journey, From time to time the chlef of the detachment, Maj.-Gen, Kostanore, ordered a halt, when be would cry: W ¥TEEKIN, Hzht up the samovar.” Tho water in thie urn would soon be at the bollivg polut, and the savory beverago would be bunded around to the faulgued troops, who were then refreshiod enough to pursuo thelr march, For his eflforts on this occastou Lhe private STrPKIN deservedty recelved s decoration. et Gen. GARVIELD Is & statesman who {8 gen- erally supposcd to know something about what is otngg on fu Congress rizhit uuder his nose, ‘The Nativn and other uuscrupulous hylock or gans fuslst that tho proposition to deuonetize silver wos fully and prowivently discussed fu Congress, and that tho members voted with thelr eycs open tostrike down silver as standurd of money. Uen, Garrietd declures that he knew nothing nbout it, uud he is onc of the clasa of-members who would Lo apt to bave sotu0 kuowledizo of such a thing It it wero wo couspienousty discussed as the Nation mukes be- Move, This is what ho suid on the subject at Bpriugfield, O., Bopt. 27, 18773 Purhaps 1ought tobo asbaued to say so, but 1t 1s tho truth tu say that L. ut that timo [paseuge of the regulations’ demonetiziug wilver] belg Chalrman of the Commiltes vu Appropriatiuus, 0 having my bands uverfull durini all et ting with work, 1 niever rend the bill. 1 took it upon the faith of & prowinunt Democrat and & protitent bLlican, aud | don't kuow that 1 voled ot all, There was uo call of thu yeas and noyw, aud nobudy opposcd that bill that 1 koow of. It was put through as_dozcus of blils are, os wy (riend sud 1 koow, fu Congress, on the fulth of the report of the Chalrinan o commitice; thorefure, | tell you, because it fs thy truth, thatl have uo knowl- edgeabout it Love, as s rule, Is intenscly seltish. An ex- ception, howover, may Le wado fu the case of JouANN HEinzELMAN, This young inan, whilo comiug across the ocean, au imimlgrant to ‘our frec shores, becamis acyualoted with & falr young countrywoman, snd, wuolng, won ber to be his own little what-you-maay-call-'em wife. 1t bapoened that thie girl was at that very time comiug over at the iluvitation of & former swoetheart, who was booked to marry ler. When she fiually arrived in Clodunat! and be- beld the ola familiar face of herbetrothed, her heart turned onco more to him, sud thelr vows were immediately replighted. Thercupon the stute of affairs was explained to Ler companion of the ocean voyaze, aud he, fnstead of gettiug mad and breaking the furuiture, not ouly gave away the happy bride, but even pald the ex- penses of the wedding, At least 5o says the Cinciopati Enguirer, and It must bs true, ———t—— - ‘The Virginla Btate Legislature s s chouse divided in ftself, for, while there is nomioally su overwhelming Democratic majority, there are yet two factions violeutly opposed to oue snoter. This gplit Is caused by diferences of oplnion on the settlament of the Btate debt, ang the tivo factions are called respectively forcible readjusters and honorable, or moderate, re. adjustere. At a caucus held Saturday evening, an unpleasant eplamle occurred. The Chatr. man,” Col, Harnmirox, made o speech In which he denonuced in bitter terms the acts of thy moderate men. started to leave wha thought that the orator referred to him, sprang up and repied in scathing terms, declar. Ine that the foreivle rendjusters were scoundrels aud cnt-throats. J[ARRIsoN was standing g the door, and, thongh a little deaf, gathered that io was being fusulted, ond made a rush oy, After making this speech hy the hill, whenJ, W, Dasiar, the speaker. For a time there was a relgn of confuslon, cverybudy belng engazed fn the practice of optical architecture. Finally the Democracy were extingulsbed oud the lights went home, ———— Wil the Journal answer a question or Lwo without equivoentivn or dodging ! Isthe bull'on value of two halt-dollars, four quarters, or ten Aimeas of our subshiiury cofn worth zhoit 85 cents in legal-tender wold! Yesornol Is not the purchasing power value of this saine sul- sidiary coln something over: 97 cents in legal. tender gold? Yes or nol \What fa It that, aldds this 12 cents on the dollar tu the value of the subsidlary colu,—is it not the legal-tender qual- ity thereot! Yes or no! If making light. weleht silver legal-tender for the smnll sum of £3 has tho effect of Leeping forty millions of such cofn at a purchnslng value of more than 07 per cent of legal-tender gold, why do you ab. surdly or malfciously persist in calling a full., welgbit undtinited legal-tonder dollar **a 9t-cent coin ] Dow't you sce that sou are trifing with your renders, und challenglug thelr, contempt - - Mr. Joun Cowngrw, of Menphls, writes to ‘Tz Trinuse tn relatlon to the great storles that are belng circulated about the sweeplug influcnce of the Eans jetties at the South Poss: Mr. Eans has already at the Honth Pass resorted to dredging, —an expediont he oiice so vehemently condemned, Tle hun forthe purpose bullt a dredee. Lout, 6t u reputed cost of S13Y, 000, to dv what e clainied his jetties woulil du. “If 10 the past the cowmnerce of tho Mississipyl Valley could not de. Jond upon deuzing, eut it uow o depunds Toes t niake n differesce whether dredging be done by the corps of cugneers or by a speculator who w men lntu investing 1y his schomes, and iniois of Cangruas wiud columana 1a nievspa- proceeds? e ‘The recant revelations at the detectives’ trial bave caused o general feeling in London thut thera should bie ap entire chungu of the police system of England. Among the changes pro- poged by Lord Truno is une to thu ctfect that herenfter detectives sball be known only by numbers. Thts would be a valuable Innovation in this country, where police officers and de- tectives think themselves {ll-treated unless thelr nomes are published In connectlon with every thicl-taking cxploit related in the news. papers, . e e— The play of * Julius Cresar," with Jule him- self left out, would not be a clrcumstance to a lecture by Cul. INaERsoLL contulning nothing of an nntl-religious character, Yet the peovlo of Richmond, Ind., tried to get a guarantes from the brilliant orator to dellver just such n lecture, and he very properly declined. e e, ‘That sprightly young lctter-writer who signs heraelf * Urace Greenwood ™ does’ not clum to be mitch In the herofc line, yet she says: 1 trusted mysvit tho other duy to the Senato clovator, when il wue already occupled by Judgs Daviv Davis, nnd even conversed calmly with that emiuent and mmoneo 1M inolean a9 wa slowly aud crenkingly asconded to the Sonate lovel. ———— A novel feature of tho Millennium, accarding to Dr. Epwarps, will be that all jourasls will be Cliristlan journats, by which he probably means that they will bo constructed upon the plan of the Northwestan Advocate—with tho shears and peste-pot. ‘The Porte hastens to oxplain that Turkey haa two lines of defensc which she I able to hold, and her Clrcular Noto begging the other Pow- ers to medlute was to be taken In a Plekwickian scnse. Of course,—after tho other Powers bava declined the impudent proposal. ————a— Attemipting to resumo specie-payments one year from mnow—Jan, 1, 1870—on the gold standard alone, and without the ald of the sfiver standard, will bo as foolish and ns impossible as for a bird to try to fly with one wing. . e i 5= 5 Canten HARRISON says that, us Chalrman of the Clvil-Bervice Committee, ho {ntenda to do some honest work alter recess. That's right; only commence, and don't bo always talking sbout it. ‘Tho stropgest recommondation for the ap- polntment of “Privatg” DarzaLL to the Bele glan miselon 1s that it would take him out of the country. Scrgeant BATeY oughtto go to Berlin, ——— There will be about 10,000 Assistaut Commis- sfoners to tho Parta Exposition—that {s, if all the applicants are appolnted. e | Awmge s tho samo slmple, purc-liearted, Uruve girl that she was when sho made her debut forty years ago. | Consul TorueRT, too, is clinglng to the Parls office with a ' bole hart.” | ‘The Times paragrapher declines to motico El Paso unless Bunta Fe. PERSONAL., The Cincinnati Guzettse hopes Gordon will g0 with Dlaine to the'Hot Springs, Mr. Picrrepont, ex-Uuited States Minister to ¥ngland, fa coming home, but Mrs, Plorrepont will paxs the winter at Oxford, Mr, Archibald Forbew' Nineteenth Century aeticlo about the Itusstana fs thouglt by the En- g!iuh pross wenurally to bave done bim no credit, * Josiah Culdwell's Folly " on Clarendon atroet, Hostun, is belug domolished, Nearly $00,+ 000 was expvnded befory wark was stopued o what promised to bo the most elegaut private reste dencu fu Buatou, Noarly all tho distinguished Callfornians of tho day are satd 10 be solf-educated guiltices of collugo trainiuy. Bunator Sargont {s one exsnie plo, Uov, Irwin another. Mayor Bryaut, of San Vrauclveo, anoslier, Mcsars, Flood, Mackey, Fair, Joncs, and Bharen may bo added tothe Hat, "Tho Bpringfeld Republican remarks: “A Western paper says that Batrett differs from Booth in Jtumlst Jn cxbibltiug * the warm, humsn heart, ruther than tho cold, philosophical intellect.' 1If this 14 80, Mr. Harrett has developed unsuspectod quulitiew; Lereabouts wo never guessud ho had & beart, vur could we while the name of that supremo artlet, K. L. Davonpors, was rauked In wmall typo below huis own. ‘Tho Rov. Dr. Lyman Abbott, aftor o visit to Boston, writes abuut the cliurctics of that city. He says that wany of them uro burdened with tieavy debts, aud thut the number i far greator than the neud. Edward Everets lale'y congreys: tion L4 small aud not increasing. Htare King's old chapel fs wo longor crowded. James Freeman Clarke has truneferred bLlv evening services to s holl, Adirondack Murrsy's work, **judged by the ordinary standards applied o churches and pulplts, 15 & falluro, aud he Las little or no church.” I'be 8t Louis Globe thinks tho absurdity of tko Jury system s well dilastrated in tho suis of Bulle Uarbue for libel against that paper sud he Dlepalch. The Glode, in 1873, used the plaintis name inan jtom relatingto a divorce suit, making o transcrlpt from the petition fied, aud merely statiug facts alleged thereln. The Dispate did the same thing, and was atso made s defendsnt In s Jibelwnit. 'Tbo Arst trial rosulied io a verdict of $3, 500 againet tho DiepalcA; the sec- ond trial ended In 8 verdict of $1 dsmages, The Anst trial agalust the Globe brought s verdict of $1,000, aud the sccond w verdict of §3,000, dam- ages, lero woro four intelligent Juries vitting 0B preciscly tho same facts, Hsteninzto aluost the sume srgaments, and guided by ulmost thy same instructions, yot brioging in verdicte widely difercot. **It is folly," says the Glode, *'t0 speak of this as justico, because justice tmplies wome degree of exactness.” McHos sud louser bave no lutontivn of payiag the $5,000 awarded 10 the plaloti® a this case. Tbey will hava it teied 83aln, it possible, In the hops of getiing snutber $1 Jury next twe,