Chicago Daily Tribune Newspaper, January 3, 1878, Page 4

R e THE CIIICAGO TRIBUNE: 1TIURSDAY, R R e R = ————————————————— = e and there is no city in America that can get money cheaper, or more of it. While this gratifying state of things continnes, we shall Lo under no necessity of submitting to the harnd bargeins of the Enstern Shylocks. e Tribmre, TERMS OF SUBSCRIPTION. BY MA — ” R T SR N 0 OAE TERE v e rnlmg?l The only sgnificant exprossion of views Datly Editlon, one year. $12.00 JAIEOr ATEA. het mpnth, 100 | get given by any member of tho British Donfle &hee! $:50 | Cabinet on the-subject of England’s medi o:&fi ntory experiment waa that of Lord Canwas- vox yesterday in a specch to a depntation of Bouth Afriean merchants, who, in waiting upon him to solicit reinforcements for the colonists, suggested that the latter might bo left to shift for themselves in the covent of a genernl European complication such ns is now threntened. Lord CARNARVON'S re- marks were quite ns reassuring in tone, so far s they tonclied upon the probabilitios of tronble with Russin growing out of the pence movement, though hp was caudid enongh to declare in effect that England's purposa in mixing up iu the niatter was to give notice of her determination to have n voice in the final settlement. WREKLY EDITION, POSTPAID, One copy, peryear, vor Clab of four.. Bpectmen coples seat tres. Glve Post-Ofice address In foll Inclnding Statosnd County, Remittences mayhe mads elther by draft, express, Post-Office order, orin regtstered letters, at our sisk. TERMA TO CITY BUBSCRIBENS, Dally, delivered, Bunday excepted, 24 cents per week. Tatly, delfvercd, funday included, 0 cents per week. adress THE TRINUNE COMPANY, Corner Madtron and Uearbomn-stx., Chicagn, 1ll, Ordersfor thadelivery of Tim TRIRUNK as Evahaton, Englewood, and Jiyde Park leftin tho countiok-room whilreceive proinki attention. vy S s TRIBUNE BRANCII OFFICES. Twa Curcaco TRInvNe has estabiished hranch eifices for the recetptof subscrirtions and advertivemelits as follows: < NEW YORK—Room 29 7vibune Boflding. F. T. Mo+ Fapnex, Mansger, TARIE, France—No, 16 Rue do ta Grango-Batrillere, i, ManLxx, Agent, LONDON, Lng.—~American Exchange, 440 Edrand, Tinxer ¥, GiLuig, A BAN FRAN Wevpert Purnuies, having completed his loctnring campaign through the West, has returned to Boston to spend the holidaya. The Herald of that city has interviewed him os to his observations and impressions of Western sentiment on the silver question. Mr, Priniaps says that he was astonished at thio profound, intense feeling on the remone- tization subject, which equally pervaded the ranks of both parties. The conviction pre- vailed almost universally in tha West, he says, that there must be o change in the financial policy of the .Governmont, Io snys ho lectured to more than forty Western audionces as far West as Omaha ; that he was sirronnded everywhere by moen who wanted him to discuss the monetary question. *‘ The wish to have silver remonetized is as nearly unanimous as any politieal question ever is,"” and that he ‘‘found mora than ninateon mon out of every twenty in favor of that iden.” AMUSEMFENTS. MeVicker's Thentre. Medleon street, between Btate amd Desrborn. **Beauty and the Deast,” anid **Slmpson &- Co." . Ttooley's Thentre. Randolph street, Detween Clark agd, LaSalle, Engagement of Joseph Murphy. ** Maum Cre.” Haverly’s Theatre. Manron sircet, corner of Dearbora, **Qur ‘Bosrdlng: House,” Y Colisenm Novelty Theatre. \ Ulark streot. opposlte Court-lionse, Variity Ollo. New Chicago Theatro: Clark street, apposita the 8hermsa foase. Callen- der's Georgla Minstrels. Mr, T. 8. LaupznT, the equivocating Pres- idont of the American Popular Life-Insur- anco Company, whoso aptness in making up and vouching for bogus roports has boin frequently noticod of late, was yesterday THURSDAY, JANUARY 38, 1878, = THE TRIRUNE ARNUAL REVIEW, Arsangements bave been inade for she unlimited supply of orders for Tie Tutnuse Apoual Review in a compact and convenient form, ‘Extra coples can he abtatned nt the connting-room at $3 per 100 or five conts each for angle nambers In wrappers. 11 Ie everyuharacontmied that yo smplets dad ox. | Sonoveed by - Judge. Emioy; of New e : baurtive o compendium of the trade and commereo | YOTKy to Aerve tho Commonwealth n n penal eapacity for the term of five years, Laupent harangued the Court for the =space of two hours aund a lalf, during which time he said many hard things against the nowspapers, the State fuwurance nuthorities, and ecertain witnessos, but the apecch failed to convince the Court that the ex-President was a martyr to the cause of falr-denling or the victim of unjust persccution, Thercfore the penalty ahove noted wns moted ont as an act of sim. plo justice, and one which may sorve ns a warning to other men who may boe intrusted with the interests of a confiding public, of Chleago for one year has never heen prepared; cerininly nothing conld he more admirably adapted for maflin to triends at tho East or .in Furope as the *trongest possible refutation of the statements made and the stories circulated with a view to the ‘bellttling of Clicazo's commercial greatness or the {njury of her crodit, CHRICACO MARKET SUMMARY, ‘The Chicacd produce niarkets were frrogular yrsterday, Provistons wero active. Mess pork closed 17137220¢ per brl lowez, at 811,05 =pot and $11. 47431150 for Februnry., Lard closed 106 12Y%c per 100 Ibs lower, at $7.50 spot and $7. 7,571 for February. Meatx wore casicr, at 4lic for boxed shonlders iwnd $& 874 per 100 s for do shart ribe, Whisky was stendy, at $1.05persallon. Flour was dull, Whent cloned X{c luwer, nt 31,0014 carh or January and $1,10 for Febwrnary. Corn closed cavler, ot 435 spot aud 421K@<$2%e for Tebruary., Oata closed e lower, at C44capot and @24%e for February., Ryo was steady, at Gte. Barloy was igc lower, at §7'4c cash and G8%c for Tebruary, Hogs wero dull and closed weak, ot 10¢ decline, at $4.00R4.15 for com- mon to cholse. Cattle were quiot. and weak, with snles au $2.50@5.60, theep wero de)l and munchanged. In stors in, this city Jast Baturday: Wheat, 1,400,886 ° bu; 523,200 buj nata, 151,027 ba; rye, 00,251 hn; barle 54 bo. Total, '.!.Ml)vb‘i bu, In 2ight on thls centinent, 10,7H8,14:8 bny wheat, L, 801,750 bu com, . laepected Into mtoro In thia cly yeaterday morning: 52 cars wiaeat, 22 cara ‘Tho peoplo of the State will hear with sur. priso and 1egret of the failure of Jacon Boxy, the well-known banker of Springield. Mr. BunyN hns been a successful bauker in this Hiato for many years, As n banker ho unjoyed the respect and confllence of the general public, a3 well as of all the banks and other fiunncial institutions. The trouble with Mr. Buxy s that which nffects so many. "The shrinkage in valuo of all forms of prop- erty, ogd tho want of confidence ponding the siringont mensures to establish specle values in gold, The busincss of Mr. ;:un.l lrlf;nn oata, 41‘ un;flnhrn. 24 cars borley. | Bony has been a large onme. Bince ‘tal, 115 ears, or 42, u. One hundred uol- 74 Tara in gold would Loy $10%.875% 1o grecabucks | oo ho. hes - baen compellel, fo tako property on which Lo had lonned moncy, and hos thns become intercsted in distilleries, in mines, and in otler operations which have remained nnproductivoand have shrunk in value. ‘Thus, thongh Mr, Bunn's porsonal wealth was groat, his investments Liave been diminlshing daily under tho ap- pronching shadow of gold values and of practical paralysis of industry and business, 'Thero is noqnestion of the personal intogrity of Mr. Boyn; all over the Btate confidence in his honesty will romain anbroken; he has been, like countleas others, eaught in the tofls which the Gold Ring ure drawing closer and closer avery da; &% the close. Greonbacks at tho Now York Stock Ex. change yesterdny closed nt 97§, An explosion at a nitro-glycerino factory nt Nogaunee, MMich., yesterdny resulted iu the killing of ten men and the wounding of a large numbor besides, The public dobt was decreased daring Inst month $71,623. This s the first timo for soveral years that the month of Dacomber Lins showh any reduction in the natfoual in- debtedness, The Boaton Beard of I'rade has gons to the nunoccessary troublo of adopting resolu. tions ngainst the romonotization of silver, The West and Bouth are arrayed agninst a solid section of money-londers in this mat- tor, nnd they are golng to have their way. Boston moy ns well accept the inewitablo. Dolitically, tho condition of women and nogroes fn the South prosents n strange snomaly, 'The former aro dicqualifled from voting, but ure admitted to tho Bar; tho colored voters, on the othor hand, have been precluded from the practice of law 1 soveral of the Southern Btates. Two notnble in. stances of the application of the rule have occurced rocently. Cianvrs Tavros, a col- ored citizen of Marylaud, was refused ad- mission to the Bar, and carried his grievance to the Court of Appeals. The docision of that body afforded au illustration of tho sbsurd munner fn which legal technionlities can b construed. It seems that under the old Btate law the qualifioations of an attor. ney wero that he must be a * free whito mmalo citizen” of Marylaud. Bubsequent loglslation han conforred the rights and -privileges of citizenship upon uegroes, but tho Court of Appeals hns decided that, whilo tho word ‘““froo” is now superfluous, the law still requires that tho practicing attornoy should bo white ns well ns male, A iore contemptible and trivial exposition of the law could not Le wmade, In Goorgia they achievo n similur result by a much more clever devico,. Bryies T, Iluroming, a col. ored gradusato from tho law department of the South Carolina Unlversity, applied for admission to thy Georgia Bar. There hap. pens to be no legal prohibition of colored lawyors fu tho latter State, and tho appoint. wonts are in the bands of a committee of lawyors. When Br. llurcaine came before the Committco with his application they simply propounded to Lim a set of questions snch as no candidato could be expected to ouswer, and, wheu bho failed, reported against lndadmisslo; ‘Tho London ¥%mes, which has all slong deprecated any public excitement in England regurding the war, has finally called upon tha Liboral lenders to sny whethor thoy will support tho Governmunt in cuse the question of wav comes to a voto in Pamlisment. 'There 14 cortuinly o great significance In its declarn- tion thut the timo for silence has pussed and the hour for decided speecoh has come. The Z'émies does not lead, but always follows,pub- lic opinion. i One of the most notuble and important of tho silver demoustrations held in the Weat was thut nt Bloomington, 11l., last evening, Benutor Davis, though not present in porsou, was thero in epirit, baving authorized the auncuncomont of Lis ontire sympathy with tho objects of the mesting; while Judge TnToN, lepreventative ju Congreas from the Bloowington District, made s rousing silvor apésch. 'I'lio rosolutions adopted express the sentimnent of the grest West on tho vital question of the rostoration of the dollar that was surroptitiously withdrawn from the cur- vency of tho nation in 1875, Another dasivg raid through the Balkan Mountains has been sccomplished by 8 Rus- sinn fores, the strength of which is not now kuown. 'The object of the movae spparently is to threaten the position taken by BuLznaan Pasha, aud to hasten the complete with. drawal of the Turkish army boyond the Bal. kous, Tho Kussing columus which are to fol- low up this bold advauce are expected to unite with the forces which shall penetrate the ranga at Shipka Pass, the presumption being that Bunenan will not dare to risk o serious eucounter outside of the fortifications of Adrisnople. His movements sinco the full of Plevua hiave not been such as to indi- cate that he is in any hurry for bringing ou ® declsivo engagewenl une wmakes the latest discoyury, It doclares that the silver dollar has nover been dewonctized, and that thero never was any intention in 1873 to demone. tizo it. 1lero iy what it says: At a meeting of the Americau Metrological Soci. cty, on Saturday, some of the mlerepreventations made by the advocales of wullmited silver were brought to light, The act of 1873, which has been denounced as demonetising silver, wus not pro- pounded with auy such lutent; its object was sim. Ply to brinz our vliver subsidiary colns into even selatlons with the metric colnage uf utber uatlons, Furthermore, the**doliar of our duddles” was not demonetized at alls wrat as done waa merely to discontlnue its coinage, The whols of the talk about demonstiziug sticer ls @ mistake; (As old colns are yet, as they alwaye were, g squi-tender, bul they are no longer manufuclured at the miat. Tho Bilver Comnlssion hus pigeon-boled. sccord. ing 1o Mz, RuuoLks, large quantities of valusble luformation, which, if it had beea publivhed, would bave shuwy the ohsurdity sad dsnger of an usllmited coluage of sllver. If tho facts can be fully brought before tho people, there will bo an end of the xilver lunacy. Tus cauger ls st the Dational credit will be lrzeparably dawmaged before thy prople of the Weat und South know how thoy Lave Leen deceived, If this be true, whercfore, then, is thu ob. Joclion to the Braxop bill? If this be true, et S The simple and uvadulterated facts con- “cerning the rocent experience of thoe City of Chicago with the money-lenders of the East are given w another column in tho form of an interview with BMr, Fagwzir, the Comp- troller. It will bo seen that the city has no trouble whatever iu borrowing what monsy 14 needs, its credit at home being so exceliont that the revenue warrants are in good do- mand 8¢ 6 per cent interest, The Comp- troller is not borrowing gold just now, and tho offer of o New York bank to lend $100,000 of the yellow stufl, to be repaid in kind, Hiattering though it was to the city's credit, was politely declined. The fact is, Chicago's crodit was never ,better than now, JAWUARY 3, 1878, and the milver dollaris yet s logal-tender, what becomnes of the “‘bnd faith " of psying dobta in that coin? And what becomes of Secretary Snrnstax’s assumption that the ‘bonds fssned sinco 1873 havo a poculiar char- acter ns gold bonds hecanse iseued when s'lver was no longer & legal-tender? If this ho true, what does the Zri/une mean by say- ing that *'tho danger is that the national eredit will be jrreparably damaged befora the people of the Weat mad South kuow how they have been deceivod”? If silver has never been demonatized, howean its moneti- zation cansa irroparable damage to the pub- lio credit? Whether intontionally or acci- dentally, tho act of 1873, while prohibiting tho further coinnge of the silver dollar, did not in terms demonetiza that dollar, but left it still a Jogal-tonder for nll purposes and to oll amounts. In 1874, when the revised statntes wers bofore Congress, the chapter on colnage and logal-tender, cte., was re. ported, and, the nmssuvace ULeing given to Congress that the cxisting laws had not been changed, the law was adopt- ed without examination, The law had heen chnnged, however, by inclnding the silver dollar under the terms that the ** sil- ver coins” of the United States shonld thero- after be n legal-tonder only to the snm of fivo dollars. ‘Tho discovery of the New York Tribune that tha silver dollar lind not beon Qomonctized is a delusion ; the law and tho facts leave no room to question thoe snccess of tho attempt to rednco metallic ‘money oxclusively to gold coin, and theroby give nn additional or increased valuo to gold. In ita zeal in behnlf of gold, the New York Tribune is becoming wild, HAVE THE PEOPLE ANY RIGHTS! One of the groatest considerations involved in the attempt to make all tho debts, public and private, of tho peoplo of the United States payable in gold coin, to the exclusion of the stlver dollar, which had been n legal. tonder from 1792 to 1873, is the opon defiauce of public opinion and public dewnand. Is this n Government orgnnized, administered, maintained, and supported for the mere ben- efit, profit, and protection of bondholders and ‘monoy-lenders ? Or is this ¢ a Government of the peopls, for the poople, by the peo- pla”? The Constitution is the common do- fense of all classes, It protects tho rights of all oqually, and no more. Within the Con- stitntion, the popular will is supremo, Con. gress is the representative of tho wholo conntry. Itis charged with the promotion of the public welfare, and the Constitution places in thobhandsof tho peoplo the means of changing thelr rcpresentation in Con- gress until that body both ropresonts and executes tho popular will, The ruling class in the Now England States waut an increaso in the value of dol- lars. Motallic money is too cheap for thom, und therefore they want metallic money made searca and more valuable. A portion of tho poople of New York oro. of the same opinion, They want coin dollars that will buy more- land and other property than coin dollars will buy now. In New Jorsey, Peunsylvania, Delaware, and Maryland, pub. lic sontiment on this question may be sald to bu evenly divided, and the restoration of tho silver dollar as o legal-tonder is de- manded possibly by one-half of the popula- tion of thesa States. In tho dthor twenty. soven States thore {a hardly any division of opinfon among the peoplo; thoy may bo #nid to bo unauimously in favor of the restoration and remonctization of tho silver dollar, This question of the coinage and legal- tander charactor of the mtallic monoy of tho conntry is by the express direction of the Constitution committed to tho discrotion of Congress; thero is no denial that tho con- stitutional power and control over this sab- Ject is absolute and unlimited, It can mone- tizo silver or gold ; it can change, nlter, and deviso new denominations of coin, nnd os. tnblish their weights, and attach to thom a general or limited legal-tendor oharacter. It is ono of the comparatively few subjects over which Congress hias unlimited constitutional power. The ropreacntativos of tho people in Congress stand in relation to tho restorn. tion of the silver dollar in a large wajority in both branches of Congress. Tho Prosi- dont, whilo on a single point he quostions the unlimited remonetization of * silver, fully concedes the power of Congress and the right of Congress to act on this matter, In his mossage, the Presidont thus points out the right and duty of Congreas to legislate on this subjoot, as comparod with his duty to * recommend ™ Cloxcly connecled with this gencral subject of the resumption of specie payments de one snbore dinate, but still of grave Importance,~1I ean the reudjustment of our colnage system by the renewal of tho silver dollar na an clemeat of our speclo currency, endowed by Jeglslation with the quality of legal-tender, 10 & greater or Jeas extont. Aw thers is no doubt of the power of Congross, under the Coustitution, fo coin money and declare tho value thereof, and as this power covers the whola range of anthority applicable to the metal, the rated valae of the legal-tender quality which shail bo adopted for the colnage, the cunsiderations ‘which should Induce or discourage a particulur measury connocted with colnage, Lelonz cleatly to the province of leglslative ~ducretion and of public expediency, Without intruding on the provinco of legisiation In the least, 1 have thought 1ug subject of such eritical importanco inthe actual condition of our affairs as to present an occarlon for the exercise of the duty Impoved by the Constle tution on the Presldent of recommending to tho consideration of Congress such measurvs as ho abal) judgo necessary snd cxpedient.: Ilolding the opinion, as 1 du, that nolther the interest of tho Government nor of the people of the United Btates wanld be promoted by disparaziug silver as oo of the two precioos metals which furnleh the colunge of the world, and that legislatlon which looks to msintainlng the volume of lutrlusic money to ae full & meusare of Yoth metals 8 thelr relative coms nicrclsl values will permit, would be neither un. Just nor inexpedient. I must ask youriandulgence to 8 brief aud defnite statement of curtaly essentlnl featureain any such loglelative measures, which | feel 1t my duty to recomamend. - Hero the I'resident frankly declares that “thero ia no doubt of the power of Con- gress” over the subjoct; that the considera. tions whiob should govern * belong clearly to the proviuce of legislative discretion,” and in making Lis recomwmendation he does so “without intruding on the province of legis- lation in the least.” He goes further, and declares that the national interest would not be prouoted by disparaging silver as oue of tho money metals of the world, and that leg- Islation looking to maintaining both motals in tho colnage of money would be neither unjost nor juexpedient. ‘Though the Presi. dent had thus given his opinion in theso plain and distinct terms as to tho exclusive powers of Congress, the New York {'imes on the 26th of December ssaumed that the Pres. ident will, at the command of the Gold Riug, veto the Silver bill, and put the popular will at deflance. Hore is what that paper says : ‘What, afterall,” makes tha silver movemont a really dangerous one te fAefact that It by, os far 2 we cau judge, sustained Ly a public seatiment which may by mlstaken and shallow, Lut which precails with a majority of the voters of the Unlon at the present mouiend. 'Therw 1a 8o use fu trylog 10 couceal the fact that the attitude of the Qoceru- wnent va just vow far in advance of the oulnion of the pevple Yo lopy as the Preaident remalng frm, and Coogress does uot overrido bis veta, the dor wruwent will sustalu the public suith. ood walne tain the honeat positiom that the public debt 1y pasabie, principal and interost, in gold, and mnst remaln &0. Al if that poaition coutd be submitted to popniar rote it would, according to present in- dieatione, Ue rejected. ‘Tho President, evon if the legislation shall not be exactly what he thinks it onght to be, has declared that ho will not intrude the Ex- ceutive will in & caso whare Cougress haa full and nnlimited discrotionary power. The demand that the Trosident shall voto the il- ver billis n demand that, to promote tho apocinl interosts of A amall class of men in Now England and New York, ho shall treat the will and judgment of the people of tho Union gouerally with contempt and deflance. THE PRESIDENT AND THE CIVIL SERVICE. Underlhe Constitation the President and honds of departments azo to make nominations for oflice, the Senato ia to advise and conecut to appoints ments, and the 1louse of Heprerentatives is tg ac- cuss and prosccuto faithless oflicers. The best intorest of the prblic rervico demands that theee distinctlonn bo respected—that Renators and Repree rentatives who may be Jndges and necasers should not dictate appointments to offfice. The invariable rule for appointments shatld have reference to the honeaty, fidelity, and capacity of appointces, eiving to the party in power those places where harmony aud vigor of administration requirew fta poliey to Do represented, hut permitting all others to bo filed by persans selected with eote reference to the efiiclency of the publie rervice and tha right of cltizene to share {n the honor of rendering fajthlul scrvice to thelr canntry. We cowmend tho above extract to the careful attention of our readers, not as par. ticnlarly novel, but ng bearing closely npon the merits of the nssault mnde npon the Presiddnt by tho Sonatorinl Implacables, The importance of this doclaration in its general benrings grows ont of its origin and the circumstances that surronnded it when it waa first enunclated. T'his is not an ex- tract from editorinls of Tux Cuioaao Trin- uxr, the Ciuclunati Commereial, or the New York Nuation. 1t is not taken from one of Mr. Cunris’ essays, or from one of Mr, Bcrunz's speeches. It was not inspired by any ono writer or orator. It ropresents tho sentiment of the Republican party, not an idonlistio theory of a reformor. It is tho fitth plank of the platform of the Repub-. lican party, adopted at Cineinnati last yeor, Upon this platform Mr, Haves was elected to tho Presidential office. Peoplo soem to linve overlooked tho issucs of that elec- tion. They scem to have foryotten that Senators and Reprosoptatives wero sent to Washington by the peopls upon this plank of tbe platform, and that this and the other planks were no less than an official voto of instructions from the Republican party to 'its agents, oven Bonator Ourrsny included. Ifo may voar Lis londest, but ho cannot escape from this responsibility, Elected upon this iusue, and laviag taken the most solemn obligations to carry it out, the Presidont has consistently ndhered to the letter and spirit of the in- structions of tho party that nominated nnd clected him, o has scrupulously respected and obeyed every line of tho fifth plank. He lias made his nominations for offico with tho advice and consent of the Sonate, and he s made ho objection to tho nccusation and proscention of faithless officors by the Honso, o lins faithfillly oboyed the declaration of the Convention that nominated him, that Sovators and Represontatives should not dictate appointments. Ho has made his np- pointments with roferenco to tho honoesty, fidelity, and capacity of the appointees, snd bas not complained when the Bonato Las exerclsed its prerogative of rofusing its consent to his nominations. Wherover tho polioy of the parly was con- cerned, ho has rospected it, not looking upon the personal greed of office-seckers or tho rapacity of .professional politicians for spoils, however, aa tho policy of the party, and in every othor instanco has mnnnifested his intention, in consonanco with the spirit of his instructions, to fill the oflicea with ¢ porsons sclooted with sole reforenco to the efficioncy of tho public service and the right of citizons to sharo in the Lonor of render- ing faithful sorvice to tholr conutry,” 'The situation, therefore, stauds like thia: ‘The President was elected upon this issue, as woll a3 the othera contained in the platform, and took his office uuder solemn pledges to enforce them. He has made an honest, ear- nest, resoluto effort to parform his duty, not going a stop boyond the lmits laid down by the Convention in its platform, and hns mot with obstacles ot every stop, thrown in his way by impla. eable politicians who have boen Lrought up and oducatod in the spoils and patronnge system of politics. 'Thesia men now proposo to drive tho Prosident out of the Ropublican party unless he abaudons, not tho systomatio onforcoment of the provislons of the plat form upon which he was clocted, but the of- fort to enforco them. 'Fhere has probably naver boforo beon such an fustanco of official pordecution for party fealty, and no record that we can remembor of a party loader suf- fering the most porsiatent assaults for hou. estly, foarluasly, and consistently earryingout tho polioy which his party instructed him to carry out. If they succeed in foréing him out of the party, however, thoy will Le some- what surprised at the mugnitude of the fol. Jowing he will live. THE PARTY OF “FRAUD" AND ITS AIMS, Gov. RonixsoN, of Now York, dovoles o part of his annual moessage to nu attuck upon Presidont Hayzs, Nobody will be surprised to hicur that Gov, Rosinsox lhas madoe this blunder, for he §s known everywhere a4 & dull man, who has only learned well how to obey Baxoer J. TiLoex, But it is surprismg that TrLven sud Lis advisera shonld persovere in thelr error. 'Publio opinion Las not of lato contorucd itself wmuch about them or their affairs. 8o far &s it bas found occasion to express itaclf, it bas sald pretty plainly that it has no sympathy with theie conduot, No respoctable newspaper and no respectable man has joined jn tha cry of * Fraud,” or salutod tho President of the Unitod Btates na *Hiy Froudulency,” or attempted to affix the * stamp of fraud " upon hia brow or any othor part of hia person. 'The movement ends and begins with 3r, Tiroex, who has no reputation to loss, aud the only orgat of expression it bas thus fur found is the New York Sun, which is not strictly rationsl or accountable forits opinious, It is a great pity, under tho circumstances, that the Governor of *New York should be brought into the conspiracy and made to celebrate his own subserviency and foolishness in so couspicuous & muanuer. The party of Fraud bad ueither character nor numbers before he jolned it; and it Iy hardly better off for Lis mwembership {u it, Bat, while he has failed lo help his friend, he has hurt him. sclf. Holas by a fow strokes of his pen sacrificed the conlidencs of the best men in Lis party, and surrendered all chances of future political preferment, & The Democratic party will never reward aman who proclajms its cowardice and in- fidelity. This in effect is what every msn does who assails the titlo of President Haves. For Presideut Havxs is whors hoe is by the grace of the Dewocratic party. Rational Dewmocrats, who care woro for their pariy than for any man in soo this cloarly. They do not ery “Fraud, fraud,” whore there s no fraud, be- cause they seoc that the framd, if thers wero any, would be ns much Demo- cratic as Republican, The Democratie party does not care to confoss that it waa either ballied or cheated ont of its rights. A party dull enough to lose the Presidency through a trick ought not to have the Prosidoncy. A party cowardly enongh to abandon its rights nt the bidding of n political opponent hns no rights thnt good men onght to rospect, The country would never consent to intrust the Government, with all its grrive responsi- bilities and complicated fnotions, to the Democratio parly if the -Democratic party worn 8o stupid: and so base as JnanLEs A, Dava and Baxves J. TsLorx assort that it is. ALEXANDER StePnExs, Lauan, Gonpow, snd the Southern Democratio statesmen general- 1y, who have been taught common.sensc as it, that it would ba suicidal for the Diemocratio party to question the integrity of the Elect- ornl Commission, or dispute the legnlity of its findings, Tho party needs the Commis- sion and its Aludings to Justify itself, and it will nover give them up, or soek to subvert them, The reason for the formation of the “Fraud” party I8 the senile ambition of the man TiLoex to got a ronomiuation for the Presidency. Itis thoroughly character- istic of him aud his whole political career that ho shonld adopt the worst possible moans to obtain the dosired end. But the question people ars interested in now is not whether ho s likely to have his mmbition gratified. That i too remote and ipaproba- ble n contingenoy for setiona considaration. What we desiro to call attention to now iz the fact that his parrot-like itorntion of the woril “‘Fraud” and ita dorivatives has noothor menning than this, There is nothing sin- core abont it. He does not bLelleve ho has been defrauded. e haa nohopes of getting THayes out or himself in. Ho only dronms of living long enongh to reimpos o himsclf upon the Democratio party as its next Presidential candidato, partly Ly persuasion, partly by purchase, andto flont gracafully into the White Houso on top of a thilal-wave which he thinks will bo along about tiat time. He thinks ho will be aided in hiss plans by the sympathy of the people. If he canropresent himself s a deoply injured man and convines the people that Lo ia one, ho hopes to be solacod with the Presidency, as n child is soothed with n sugar-plum. It is corafort. ing to know that ho has ovezreached him- self; that the very cry which he has ralsed to ingratiate himsolf with the Democratic party has offended that,party deeply, and that he Thas at lnst only succeoded in proving himsolf o weak and cowardly old man, not in com- ploting the ruin of the party which mado him its chiaf represontative. MR, GTEFHENS ON THE ELECIORAL COUNT The purpose of the article written by tho Hon. Argxaxpen . Steruess for the Jnter- national Review on the subject of counting the Eloctoral voto for President and Vice- Prasident of tho United Btates is to domon- strate that Congress has the power to d eter- mine the matter without resort to a comsti- tutional smendment, and also to poiwt out what Mr., SterneNs concelves to bo tho best method that can bo adopted. It is woll known that Mr, SterneNs fully sustains the power excrcised by the last Congioss in agreoing upon tho Electoral Commission for determining the disputed votes; indecd,wore it otherwise, ho could not now maintain that Congress has tho power to ndopt n eorma- nent plan for making the count without: pro- posing an nmendmont to tho Constitriion, to be ratified by tho peoplo in the mamner proseribed by tho Constitntion itself. The serious controversy over tho last Presidomtial cloction illustrated tho urgont nocessity for some definito, oxplicit, and permanent rule governing tho count, and the subfect is now undor formal -consitloration by o joint committoo of both IHouses of Cougress, A number of projocts have boen brought before this Committce, and othars will atill be framod, but they all contemplate an smendment to the Caastitution. Mr. StepueNs coutends that n constitutional smendment s not neceasary, but only a law that moy be passed by Cougress, presoribing the mothod of the count ju nceordance with the intention of the Constitution; ho also contends that this intention is clearly that the count of the Electornl votes shall actuslly bo made in a joiut sesaion of the two Housos of the Congress, and that avery disputed Electoral vote shall bo dotertniued by a ma- jority of the joint convention in o per capita vote. 3 ‘The ];olnt seoms clear encvugh that Con. gress may adopt n law controliing the count without xesorting (o a conatitutional amend- meut, In a8 early o Congreisional session ns that of 1799.1800, which mcluded somo of the Constitution, a proposition for regu- lating tho count of the popular vote weas adopted in cach Homse, nnd . the ouly reason why the metsure falled to become a law was because tho two 1louses could not concur in. a certaln amendment; tho incidont serves to show, howover, that, in a timo when tho intention of the Consti- tution was perfectly familiar, Congress was regarded as compotent to pass & law regu. Inting tho count of the Elecsoral vote, so long ns it should not traverse the actual re- quiremonts of the Coustitution thot the count shall be mado in the presenco of both Houses. The long existonce and practical operation of what is known zs the joiut rale of 1885, which provided timt 5o Elect. oral voto should bo counted except by the concurrence of both Houses, a’ter a separate consideration in caso of objection, is an. otlier avidence of tho competency of Con. greas to determine the matter by law. Mr, Sreeiens’ argumont thus far s @ complete vindication of the lawfulucss of Presi. dent Xavzs' title, which comes from a concurrenco of both Iouses in a mode of counting that .onformed with tho Constitution, and it is also conelu. sive as to the right of Cougress toiuskea permanent as well a4 transicnt law to govern the count. But the question is cme rather of expediency than legality. Any jloint rule on the subject wight fail as the jolnt rule of 1805 failed of adoption just beiorv , tho Electoral controversy last ycar; and any law passed by Congress moy bo repaaled by Congress. 'The main object to bo gained is such a definition of the counting of the Electoral votea as will with certatuty’ prevent the recurrence of - s0 monaciag » dispute as that growiug out of the late election. and no mere statute would sccure thix In every case of disputed Electorsl votgs that may arise in the future, a desperato «flort to re- peal tho law governing the count wonld be made by the party whosa iutercats thiut law would bo likely to affect ivjurlously. If precisely the same pracedure wero prescribed by & constitutional smenduwent, both parties well ns common chivalry, seo plaitdy enough. the very men who had assfsted in framing |- frum what ts right for wotld Lu estopped from all agitation and in- triguo to chango the plan in ordor to sceure partisan ndvantago for the time being. Thero ia sure to bo a great divergence of sentiment on the plan which Me, 8tzrnrexs recommends as ,tho proper one to bo framed into n law Ly Congross. is profect fs set forth in the following eoxtract from his article: The {rme rule. thon, would seem, from the langunge of the Constitution, if adhered to in Rood faith, to be, that all matters appertaining to the count, involving questiens of disputed votes, and all mattera relating to the validity or (nvalidity of the returna Inrnlshed the Preeldontof the Sen- aie, aa well ae all questions tonshing the constitu- tional qualificstiona of Electors, ahall be deter. mined by both llousen In Joint conventlon. Had 1t been tho intentlon that these questions should be determined by each House scparajely, not mct- iny In concert with the other, why was it not so exprossly sald? Why was the power of counting conferred npon both Ilomaes, It both Llouses In Joint action were not to determine the questions and how canld both Joneen in joint action deter- ming anch a question In any other way, an the Con- stitution stands, than bysa per eaplia vote?! This wotld scemn to be the lcgitimate construction,— violating no principle and jeopardizinz.no rights or lnteresty, Looking to the character of objects had in view in the Constitution in regalating the ofca of President and Vice-President. I8 there oeefore any necessity for any mearura to remedy existing evils, and especially those which were so glaring and threatening at the last clection, except 1he adoption of o joint rale by the two Houser, providing that tho validity of tho returns and tho constitutionsl qualifications of Electors shall be determined and settled by the members of the two 1louscs in Joint convention, ns nbove stated, that i, by b per capifa vote? It seoms to the wriler of thls article that there ls not. That is to say, Mr. Breenexs holds that the Constitution as it stands is not defective on tho question of counting the Electoral +| voto, but that it is the purpose and intent of tho Constitution that every Electoral vote shall be connted or refected by & per capita vote of both Benators and Reprosentatives acting together in ¢ joint convention,after the eamo manner that the two Houses of a Btate Legislaturo elect a United States Sen. ator, diseretion of the President of tho Senate. 1o also contends that the joiut rule of 1865 was 8 violation of the constitutional pro. vision, innsmuch as tho two Houses soparat- ed for the considorntion of any dirpated volo; and, finnlly, he rocura to the history of thoe Coustitution for tho purposo of it wns the inteution of jts framors to recognize the **Fedoral” the o and ihe House, respoctively representing tho Stato organizations and the .poople ns a whole, shall be the arbiter in overy case of Without nualyzing these argu- ments, or cousidering the expediency of proving that peculiarity of our Govornment in choice of Presidont, and hence contends that both the Senate dispute, settling upon this plan, it 18 sufficient to say that tho essentinl objection remains, viz.: That the conatruction of the constitutional provision will alwags ba open to disputo so long ns it shall have no other force than that given it by a joint rule or cven a law of Congress. A plan which the present Con- gress mny agroo to may bo unsatisfactory to tho succoeding Congross, and tho joint rule or statnte could bo repoaled. Under any guch settlomont as this thero is alwoys n the country may be con. overy Prosidential election partisan contest the very verge danger that fronted at with the same ugly, that wos pursued to of national disaster and civil strife last yeor. It the manner of counting the Eleotoral votos be meroly ordered by a law of Coungress, purporting to construc the constitutional provision, any party may at any time ngitate for the ropeal of thatlaw, and tha substitu. tion of another which shall put a differont construction npon the constitutional provis- Tho renl troublo s that the dircctions ion. of tho Conatitution are not explicit enough, and the change demanded {8 an organic one, which shall not be subject to every change in tho political complexion of Congrons, nor give risa to party strifo over a cortain con- struction which, for tho time being, may be favorable to one faction and unfavorablo to This explains the nccessity the athor. for a constitutional amendment which Mr. Sreruexs’ proposition does not meot, IN WHAT ARE BONDS PAYABLE 1 The SuxnMan letter to A, Mawy, Jr., of Brooklyn, printed in 'TueTrinune a fow days ago, is creating a profound sousation among the® goldites. 'The Heerotary has hastonod to writo an explunation that doesn't explalu, for casy comparison : In facor of payinn the|Lame atlempt to explain b{rldlln ,m,,l.. i deay, 7 UniTan sn'n:-ws ATE CuAMUER, W3 1NaToN, March 20, 1808, |fhe Dally Jndlefin —Dian —Dran8im: I wassoglad 8in: The Jetter referred 10 recelve your lulter.|to was written by me in Aly porsunat Intereats are| 1508, and hua been print- thu 'aama_uw yours, but, ied o thousand times, and 1lko yon, 1do” not intendlexplained nn often in de- to bo futluenced by them, [bate and oleowhere, The My construction of theliuestion ralsed by 1t was taw s tho result of care:|wettled by the “act of fui exanination, and I|March, 1800, pnrtly fram. feel quite ruzc an impar-fed by uie, and o as to tial conre would contipmicover the polnt rubsod in 1t 1f the casv whould be'thelotter. | inslsted that tried beforu a rourt, {tho dest duty of the Goy- wend you my vicwa seurnment was Lo resnme fu'ly stated {na wpeech.|payinentof United Stales Your ides that we pro-(notes in coln bufors raje- 08¢ to repudlate or v|a~i ny(“ on with the [rio & promiso when welbondhalders but tuat it the/tho matter was to bo de- *sprincipal™ {n legal-clded ‘mrfu upon the tendora s erroneons. lifuce of thelaw, tiefaryu- think the bondholder vio-jinent was altogether in lutes his promise when he favar of paylug certain vefuses to (ike the swmecinssea uf boads in Uni- kind of tnoney he pold ted Blates notes, hut Lhe Jfor the bonds, 11 the(overnment ouglit not to ‘vaso Ia to bo tested by law vall itaclt of this privi. 1 am_piubts I iU's to be'lege while it dishonored d-1tta own notesand refused pay them in coln. Very respectiully, Joux Sunsau. New Yank, Dec. 28, offer to redcem tested by Jay Cyox: yertisemionts lum 1 hate regudlation or an thing hike it but we aught not to be deterred| foar of undesorved opi- thots, If, the| Lohachaof o-ita cun only olders of 5-20s can only be pata ingold, the bond- holdor can deniand only| the _kind of wuney hej paid, then he lsazopu- alator and oxtortivuer to . demand money moro val- uablo than he gave. Truly| yours, Joux BRERMAN, This cxplanation may satisfy Afr. Smen- 3N, but it will nobody else. The *certain class of bonds"” was the whole 85-20 issue, embracing tho bulk of the bonded indebted- ness. Thoy wero all made payable in * law- ful money,"” meaning greonbacks. The well-kuown predilect! f young En- ghish women of fmacinative minds for the red- walsteoated gzentry of the arny bas given rise tomany of the wmuat stirring songs aud poems of the English language. But, as a rule, the youug woman of Awerica draws u sharp dis- tlaction between the volunteer and the regular soldler, and ber sentiments toward either arg moderate or pensively-vontemptuous iu times of peace. The recent adventure of Private Cou- BETT is thercfore uoteworthy, 1o was station- ed ot Fort Wadsworth, on Btaten Island,~that abodu of wealth and beauty whivh New Yorkers name not but to pralsc. In the varlous rounds of dutics it became his turn to go ou wuard, and, for somu luscrutable reasou, to shoulder o zun sod wulk up sud down un a giveu puth in a given attitude for a given length of time. While pursuing the even teoor of his beat he chanced to stiruct the atteation of a young lady Awelling acrues the Wiy, who, 1L scemis, bud ueg- Ha rejecta as absurd tho theory that the two Touses shonld be mereswitnesses of tho count, which should thus be loft to the We placo the two documents side by side 1877.—To the Edlior of lected to pull down the blind. To eec himin all the glory of his reglinentala and breadth of role was ta bo smitten, and she forthwith bezan a reries of operatfons which are all carefully de- scribed fn tht code-houk of handherchiet flirta- tions. Before the artliery of her eyes and the gracefnl waving of the article of wear above- mentloned Privato Conzrr ylelded, sucegmb- e, surrendered,—gory warrlor and vetbran as ha was. Dut before he could vomplete the enpltulation, an nnexpected reinforcement cama up In the shape of the Hergeant of his cumpany aud the indignant parent of the girl, and ho was hurrled away to the guard-house. There aro several other curlous features of the affaly; for instance, hisimprisonment for several weeks ns & Junatie, Hut that was a perversion of jus. tice. It scems ns it the young !ady, if any one, was the lunatic. - —— The Cinelnnatl Gazelte {s o pretty well fne formed papcr, but sometimes it blunders. For oxample, It says: ** 1t Is more than possible that the Vice-President may play an important part in the deeisivn of the silver question,’” and re- Joices at tho fact that Mr. WnerLzn s In favor of honest money: and farther: *The fuil vote of the 8enate s seventy-five. If there were twenty-flve Scnators to sustain a veto, this would make a tie, and ‘the Vice-Président could voto the same as if the Benate were qually divided,”" The Qazetle forgets that thero Is how a full Senate of seventy-six Senators, two-thirds of whomare fifty-one, which would leave twenty- tive; hut i fifty votes aro cast to overcyme a veto of the Silver bill, that will bo euough to beat twenty-five. The Conatitution requires only a two-thirds vote In each House tn favor of a bill to pass It over the Prestdent's negative. ‘The Vice-President has no vote in such a caso: hie has no right to vote on any question except when the Scnato Is equally divided, ard It is not cqually diviided on the Silver bill by about a. quarter of & hundred, ——— In regard to TneTrinune's review, the Joure nal gives credit where credit is due in this manly fashton: ‘Tug TRIDTUNR's annusl statement and review of tho trade, commerce, and Industries of Chfcago, on New. Year'n Day, lsalways s very roadable and {nteresting collection and eisboration of **facts and figures.” 1t Teview for the year just closed anpenrad tn ita lssue of Now Year's moraing, and our contemporary is entitied to great credit and commendation for the industry and enterprise exhibited In the successful performance of & really formidable undertaking. We copy from tlie ssmo fesue of Tix ToinvNs the editorlal remarka based upon the claborate review referred to. One of tho mornlng papers helped itself ton page or two of Tus TRIBUNE'S review, ond acknowledged the source to which it is indebted 38 follows: Eisowliero we print o very complete review of the husiness of Chicago during the year 1877, compiled from various sources. It may be divided under four distinct heads (atolen from Tnr Tninvxxl. —_——— To the Editor of The Tribune. Cnitcaao, Jan. 2.—A coniroversy has atleen tn regerd t0 the correctness of the following sentence, given us & definitlon of life: **Birth, growth, development, degline, and death. A asumes that the terns */growth and development * are synonymous, and can- ot be used togethfr without pleanamn. Pleasc answer 10 Tir Taintxx and oblige A Reavzs, Tho words aro not preclsely synonymous. Development, whether rightly or wronaly, has Ueen hield tomean something more than normal growth; it fsa growth resuiting from cultiva- tion. The words are, however, 80 nearly alike that they ought not to be employed together fn ndefinition, where the most preclac lauguago 1s required. “A" s, therefore, balf wrong and liaif right. ———— The Mexlcan journals are not more reliable than they are newsy., They recently congratu- lated thelr Government on tho fact that the jus- tice of Moxico's present position had become so apparent, even In the United States, as to cause the overthrow of thelr atch-cnemy, President Hyres. The greasers aro naturally Tildenites, ——e——— ‘The publle fs notificd by advertisement that one of our leading lines of raflroad “‘runs through palace dining-cars.” It must bo an ex- pensive route, It many such cars arc run through at each trip; but perhaps the cars arc not very ‘baaly mashed, as they gret used to it. —————— ‘Thero |s a'propaaition on foot, but of course it 1s simply ridiculous, to marry the Colorado stone man to the petrified girl of North Caroll- 13, a8 they are both such hardened characters, e et —re A London paper says that Minister Wetsn will **at any rate prove un emineutly respectns ble representative of the United States,"—which 1s hard on Mr. WaLan's predecessors. e ——. 810N bt Poonsylvania, The widow will con- tinue t9 press her sult. PERSONAL, Sam Bowles is able to eat, and does not losa flesh, Bland, the Silver-bill man, s confined to his bed by a severo cold. Julia A. Moore, the Bwoet Binger of Michl- gan, has received a liberal offer to bring out & new cditlon of ber poetns, Mr. Whittter very gracefnily and kindly acknowledged hisbirtnday gift of flowers from the ladies of Amusbury by sending $50to the pour of the town, Senator Plumb, of Kansas, has said thatso longas he occuples a soat he will not vote one dallar for furthor rovements in Waskington. Ife thinks the Natlonal Capltal ought to go Weat. James N. Matthows, late editor of tho Buff- alo Commerclal Advertiser, has purchesed the Frpress of that city, sud will assume charge soun after Jan. 1. Br. Matthewns left the former paper bucanse It was anti-Adminlatzation In politics, Picon’s picture of **Antony aud Cleo- patra't was offercd at auction §n S8an Francleco re- cently, but no satisfactory bid was made, and it was withdeawn, The fnoal bld was to have been telegraphed to Parls bufora declaion was mauo, und the amount gffercd was not large envugh 1o war rant its being cabled. Bilas D, Heudder, M, D,, died on Monday st Drooklyn, N. Y., afier a long fliness. 1o fonnded the firat hospltal for wonien o New York, and a shmilar Jnstitution st Madraw, Indfa.: The Governmon( hae taken charge of the latter, which {s under the immediate control of a nephew of tho deceased, @ sou of the well-kuowu Rev, Ifsnry Martyn Bcudder, Ronders of, the newspapors will recolleat the death of tho ouormouxly wealthy Duke do Gsl- lera, of Italy, whose son, & prouounced Iepub- n, decliped to L hls father's property of ume bis fathor's utle. Victor Emmanael has the Marquis de Carrega, who was liberally romembered fu the Puke's will, 10 the rank of Duke, and it tho son sl perslste In dectining tho titla of Duke ds Gallid#a it will puss to the Mar- quis, A msa who jammed his thumb on the underground rallway I London five ycars ago has been 1itigating for damages ever viuce. Tho fimt vendict befure a Justica was for £350 dmages. The Company appenled auccessively to the Court of Com- won Pleas, the Court of Appeal, and fnally to the liduse of Lords, where it obtaioed & uou-ssit snd judgment of costu against the plainti®. Ho s buwever, fl fiberly to bogin sult over agsin, aud will probably do so. ‘Fho wecond part of Victor Hugo's **His- tolred'un Crime™ will not appear till Jan, 15, To stono for the delsy the poct bas arrsuged to Issue eariy In 1878 8 new volume of pocws, to 08 entitled ‘'Les Auuces Funestes. will form & connecting link bey the **Chstl- ments’ aud ** L'Anues Terribl nd joclude all pocms on political subjects wrilten by M. lNugo during the Bmpl d thove written sluce with reference to the same regime. With & few ex- ceptions, the whole of this collection wiil be quite new. Commodore Vanderbilt says: **I want to denounce in one breath toe form of Government which ssys & man shal! bave a certain physician, snd aball bave certaln treatmeni, und shail admit certala persons to bls roum, whether scceptable o pot, o ¢ise he sball be consldervd an fnsane muo! 1 sppeal to the liveral thought of the people of tho Y uied States, and svk them tolook over the busis nese carcer of oy lifo and sovwer whether 1 Lave oted ke an 1neane wan or like a sane one." We have this from the Hannerof Light, onc of whoss juss has beap Hislervigwing® (s Comuwe dors. | i i It 1a Dot OLAVER yot with the aged yet almplo *