Chicago Daily Tribune Newspaper, January 10, 1878, Page 4

} _ of remonctization, It is iutended to keep A ' THE CHICAGO TRIBUNE: THURSDAY., JANUARY - 10, 1878, the proposed meeting entirely aloof from partisan politics, and also to confine the qnestion to be discussed to the mmple one of restoring the silver dollar to its old place a3 standard money, It is expected there will be dalegates present from forty or fifty conuties of Central {llinois. The people in that part of the State demand the remoneti- zation of silver almost unanimously, They donot propose to be trifled with or fooled by any of their Represontatives in Congress. The member who goes back on the * dollar of the daddies " will find himself left in the vocative when he nsks for the votesof the “gons " next fnll. Irrespectiva of party the Central Illinoisions eall for the silver dollar. The South is said to be * solid "; it ia not as solid s that section of Illinois is in behalf of remonetization. ing its value, as everybody believes, will be to knock down its valne 5 per cent | Giv- ing silver a now and almost unlimited use will depreciate it 1 Increasing the demand for it enormously will reduce its purchasing power! Bo affirmeth this wise man from the East. Would it indicate a lack of “culchaw " to intimnte that this **first proposition ™ of the Professor * iu veganl lo the remonetization of silver " iaof an asinine charaoter ? DEATH OF THE KING OF ITALY, Vicron Exnaanust, King of Italy, died yes- terday at Rome, nged 58 years. He wos tho eldest son of Quantes Aupent, and was born in ‘I'nrin in 1820, The modern history of liis famfly is a brilliant one. In 1813 Vio- 7or Axanrus IL, Dnko of Savoy, was, by lio Treaty of Utrecht, mads King of Bicily, but fn 1820 was compolled to exchanga Sicily for Sardinis, and becams the Srat King of Sardinia, sud his branch of the family ran out in 1831 and was suoveeded by the young- er line of Can1oay in the person of CuanLes Aznear. This Prince strongly favored the unification of Italy, and in 1848 grant- Ohnrch, Itisstated that dnring bis {llness ‘Vicron EuaanvEt became reconciled with the Church, and died in foll communionass member. The death of the Kiug at this time, when the death of the Pope is daily expected, may add to tho possible complica- tions in the election of & new Pope. Prince Hownzar does not enjoy the personal af- ‘(‘e‘;tlon of the peoplo of Italy as his father @Iw Tribwne, TéI!MS OF |UBSCRIPTION. MY MAIL~IR ADV. patly Fuition, ane year. riaof & yesr. ® eopy, per yea S otoher Spectmen coples sent tree, Give Post-Office nddress In full Includiog Btate sad County. temittances may be made efther by draft, express, Post-Office order, or {n reglstered letters. u1 our isk. TRRMS TO CITY SURSCRIBERS, Tally, dellvcred, Bunday excepted, 23 ceuta per week. Tafly, deltvered, Eunday Included, 0 centa per week. Addren THE TIRIDUNE COMPANY, Lorner Madison and Dearhorn-ats., Chi i Oréers for the deiiveryol Tok TEIRGNE A Englewood, anfl Hydo Pork left 1 the- counting-room wiirecelve oromot attention. - — The Cabinet has backed up Becretary Srzn- 204 in tho matter of the 4 por cont loan to the oxtent of passing o resolution which au- thorizes him to invite popular subseriptions to it in small amounts. The intention is to mako theso bonds a favorite invostment for trust funds and savings deposits. In ordor to promote this kind of subscriptions, the Becretary of tho Treasury is dirocted *‘ to give every facility nllowod by law for the conversion of postal orders, certificates of deposit, and United States notes into coinfor the paymont of bouds, and when necoasary 1o sell coin lo facilitate subscriptions.” In other words, the Governmont proposes to In an arlicle yesterday on the subject of “ Steamship Subsidies,” it was somewhat unguardedly snid: **Thero is no inatanco of a subsily paid by a foreign Government ton lino of veasels trading with the Umted Biates,” For the purposcs of the argument now being carried on, Lhis assertion was cor- TRIBUNE BRANCH OFFICES, Tax Co1cA60 TRINUXR has cstablisbed branch ofices forihe recelpt of subscrivtions and advcrtisements o follows: NEW YORK—{toom 29 7yibune Dalldtog. F. T. Mc- Favnax, . ol o liboral Constitution to soveral | 5cll gold coi to the people, so that the peo- AT, Franeer 0. 18 o da Is Grasge-Batelire, | T0C6 o0ough, but it is opon to eaptious eritl: } ) 00 Mo yiciom, Thls favolved | plemay pay th same money back again for . ManLee, Agent, cism, inasmuch as the Cnnard Line formerly tria. After | 4 por cent bonlls, This would be m foollsh LONDON. ¥ng—American Exchange, 449 8teand, | wos snbsidized by tho British Government. | Bim in n war with Austria. Afte ciroumlocution. A simpler and better way for the Govern- ment to exchango jts 4 per cont Londs for the savings of the peoplo is to offor them for enle at par in logal-tender money. Thiais tha best plan, in the first’ place, because it is the most direct. Ordinary business princi- ples tench that persons who have anything to scll should, as far as possible, remove ob- stacles from tho way of persons who desire to buy. There ought to be no unneces. sary complications as between bunyer and seller, no confusion fu regard to the torms of the contract, and no hesitation about accepting any good money in exchange for the things sold. A buyer who is called upon to go through with a complicated fiuon- cial operation beforo he can make n bargain thinks thrice about it; becomes suspicions ; fears thero may bo some hocus-pocus about it, and requircs an argument to convince him that he is not being - cheated. In simple purchase and sale it is well to have as little argument as possible. The pur- chasor . should also bo put to as little trouble 08 possible, either ns rogards the distanca ho has to go or the time he has to spend fn completing his transaction. Subscribers to o popular loan should be permitied to make subscriptions at conveniont places nud in money with which they aro familine, The very words ‘‘a popular loan" couvey the idea of nloan in the popular money,—the money to which the poople are acoustomed in every«Iny business transactions, Becondly, the bonds ought to be made ex- cliangeable for logal-tondors bocause yold is now difileult to obteiu and appreciated ubove its normol standnrd as compared with all other commodities. Peoplo will hesitato to invest in 4 per cents at par in gold eo long as gold commands & preminm over greenbacks, -If the promium is 8 per cent, it represonts, or may roprosent in certain contingoncics, the intoroat of about niuo months on the invest- ment. 'The receipt of legal-tenders for 4 per cont bonds will, on the other hand, insuro a full rotarn to the purchasor, whilo the loss to the Governmont will bo inconsiderable. ‘The saving of HSyndicate commissions and the probable increaso in the value of green- backs enused by their funding-power will in o short timo roimburso tho Government for the losses it may sustain at first, ‘Thess bouds are to Lo issued for a loug time, and will bo wainly taken up for permanent in. vostmont, At par in geconbacks now, they will falrly ropresent tho markot valmo of monoy to.day, and give the Government o lonn at only an infinitesimal fraction over 4 per cent intorest in gold per annum, Hexry ¥, U1LL1a, Agent. NCISC n dofeat in Jaly, 1848, at Cnstozzs, a truco BAN FIAN was ogreed upon, but in March, 1849, the war having beon renawed, the King was de- fented at Novarrs, whercupon he abdicated and left Ttaly. Vioron Exmanvensucceeded 83 King of Sardinin, and though compelled to make peace he adhered to his liberal policy and nover lost sight of the great ond, the unification of Italy, Ho called to his Cabinet Cavoun and other leaders of the constitutionsl policy, and liberalized tho in- ternal government of his Kingdom, and es- tablished commercial relations witli other Statos. He joined France and England in the Crimean war, In 1839 Austria declared war agalnst the aggressive Italian, who, with France oa an nlly, réconquered Lombardy, and the crodit of the King ss a soldier and a statosman was general. His policy of a United Italy made him the popular lisro thronghout all Italy. In 1860 Uavoun was ngain placed at the head of tho Ministry, and soon after Parma and Modona were snnexed to Sardinis, and Tuscany also voted to be annexed, Nico and Bavoy wera ceded to France in 1860. Au Insurrcction in Sicily in 1860, ander Gamipatpr, rosulted in the ox- palsion of Faaxois IL, and in October the Two Sicilies voted for nunexation to Bardinin, and Vioton Exsanver ontered Naples as Kiug in November, 1860, Umbria aud the March of Ancona soon after joined Sardinla, and at the opening of 1861 he was Soveroign of all Italy save Itome and Venetin. Count Cavoun died iu 1861, but bis successors continued tho same policy. Negotintious wers opened with the Papal Government for & peaceful reconciliation and for tho annexation of that city, but all offers wero rojected. Tho City of Rome had been ocoupied by French troops from 1849. The first Parlinmont of tho now Kingdom of Italy met at Tarin, Feb. 18, 1861, which wns opened by a speoch from Victon Eamaxuer, and an sct wus passod conferring upon him the title of King of Italy. 'Fho Govern- ment wos under an obligation with Franco not to disturb the Pope in his authority, and the Capital ‘of the Kingdom romained nt Turin uptil 1864, when it was removed to Tlorence. The King succeeded in establishi- ing many and general roforms, As tho local government of the various Htates had beon 1more or less under ccolesinatical control, tho eatablishment of an exclusively civil govorn. mont was & work of difieulty, and constant. ly brought the Governmont into conflict with tho Church, but the work of soparating Church and State went on thoroughly and complotely. In 1866 Ttaly unitod with Prussla in the war against Austria, and a result of this war was the cession of Venotia to Italy. In 1870, in consaquonce of the Franoo- Prussian war, the Fronch troops ovacu- ated TRome, oud the demnnd for the {incorporation of that oty into the Kingdom was revived. All overturea to the Popa wero rejocted, and in Septombor, 1870, the city was occapled by Italian troops. A plobiscito rosulted in the aunexation of Rome by an slmost unanimous vote, Tho Itallan Government made what are known aa the guarantoes for the protection of the Popo and for the support of the Papal Gov- crnment. Italian unity was now complete; & new Nalional Parlismont was couvened; tho Capital was romoved to Rome ; and on the 18t of January, 1871, Vicron Eamanver entored Romo as King of all Italy. 'Ihero *ins besn no official or political reconcilintion botween the Papaland the RoyalGovernment, the Popo submitting, as ho claimy, to “su- porior force, aud protesting ngaluat all the acts *of the Governwment sinco 1860, sud especially agatost all tho legislation disestab. lishing the Church, The Pope has further protested that ho is held as a prisoner in Lis own city. Vicron Eaatanven In his day and within twonty years accomplished the greatest po- litica! change that has taken placo in Europo forcenturies. 1o united the Italian Btateswith thelr numerous kingdoms aud Independent priucipalities under ono strong Govornment, founded on the expressed choico of the peo- ple. Ho liboralized his Governmont to an oxtent not elsowhero existing in Europe. Ho diseatablislied the Oburch of which the wholo poople were devoted membors, and separated a Ohiurch and Btate which had been connceted intimately for more than n thousand years. All this has been done without violonce or bloodshed, and dong in every instance with aud not against the popular sentiment and opproval. ‘The grand politioa! results which Lo has accomplished in his comparatively bLriof rolgn bave been marvelous, and en- title hlin to a foremost place among.tho statesmon of the ago. Tho King lost his wile, an Austrian Priucess, in 1855, and his children aro (1) Husmpzay, Prince of Piedmont, who will succeed as King; (3) Amivzus, who in 1869 was elected King of Spain and afterwards re- sigued; (8) Princess OLoriok,wife of Prince Jreoumx Hoxaraste; (4) Princess Mania Pra, wife of the King of Portugal. Princo Huum. Beet s 1arried to & cousin, the Princess Maraangr, and has two children, Bhortly atter the death of his wifo the late King made an illegitimate alliance with a woman of low birth and of uo personal worth, and there is a large family of chil. dren by this relation, Some years ago be married this lady by a religious rite, though no civil marriago was celobrated, the Gov- ernment refusivg to ratify it. This lady, who Lore thetitle of Countess MinayLorrs, died within the last thirty days. The King was & bravo and gallont soldier, awan of great physical strongth, but was nover entitled to the designation of being haudsome. ‘Though at war during bis wholo reign with the Popo, and uuder thy bau of excommunication, it has been under. stood that B warm porsoual friendubip Lias ex- isted butween the King and tho houd of the The subsidy has, howover, been withdrawn, and the Compauyis paid by Government only for iis postal-service. ‘The argument of advocates of a subsldy-system in tho Unitsd Slates is, that the Dritish Govern. ment has Luilt up its merchant marine by subsidies, and has withdrawn thom only after compelition bas been crushed out. It logic- oily follows thatif tho United States wero to adopt the subsidy-system Groat Britain wonld be obliged to romew hers. There would thus bo starled a contest between the two countrics in ‘which the longer purse would in tho end win. The country which carries tho longer purse just at presont is not the United Stat AMUSEMENTS, Ilooley’s The: Rendolpt street, Letween Eogsgement of t ** Girofia-Olrofls.' and Tadalle, Soutfe Company. MeVieker’s Theatre. Madleon strect, betwees ste aud Dearbora. **Trus \Womaa " ticod-for-Nothing." . Tinveriy's Theatre. Monroe pireet, ‘ediner of Dearborn, Engagement of the offato ‘Bl Combinstion. **Mey Cody, or, Lot and Won,* @ 7 B New Chicago Theatre! Clark streer, oprosite the Sherman Hoass. Calien- der'a Geurgis Minatrels. Coliseum Novalty Theatre. Clark street, between Washiogton sad Randolph. Varlety_performance. IR THURSDAY,- JANUARY ' 10, 1878, "Tho truo condition of the Turkish facilities for defenso Lias boen oxposed by the easy capture by the Russians of the Trajan pass. The Turks defending this important defile found themselves threatened by two Russian dotachments, ono of thees having gained the roar of their fortifications by mesna of a rapid and stealthy movement through the bywnys of the mountains, while a stronger colomn attacked them in front. After o foeble rosistance the ‘Turks abandoned the position, thus proving conclusively that their capucity for successful dofonso has beon ro- daced to a stage even below what had bren gonorally supposed, and suggesting tha in- forence that nn adequato estimato of their fossos in the disastrons eampaign in Bulgaria ling never Loen given. SuLxiuaN Pasha s been deposed from the supremo command of tho army of ltoumelia, aud Rrour Pasla, o favorite of the Sultan's brotber-in-law, Mannounp Daaav, sppointed in his stond. The chango is not of espeoial consequence, inasmuch ay tho negotiation of sn armistice will be the chief duties immediately devolv. ing upon the now General. ~ The conditions of the urmistico on the side of ‘Turkey have boen ngraed npon by the Ministerial Council, but it remains for Rusin to be hoard from on this subjoct. ‘Iie conditions to be im- posod on her sido are cortaln to be vory ex- sacting, und overy Russian victory that inter- veues prior to the arrangoment of a truce only makes harder the bed that Tarkey must o in. > A QUESTION OF FAIR PLAY, . Complaints, arc frequently and numerously re- ceived at this office ' from parties living along the tnes of rallway loading out of Chicago to the effect that they are often nnable to procure Tux TRIBUNE from the train-boys un whom they depend for thelr dally papers, but are offered the alternativo of tak- ing elther the Times ot Jnter-Ocean or none at all. From the extent to which this practice 1s carried on it 18 belleved that 1t [ the resalt of a regular eystem of forcing tho sale of competing papersand dicconraging the demand for Tas Taisuxz, To the end that vigorous messures may bo promptly taken for the suppression of 1his conspiracy, if any shail ho shown to exist, we request thatall persons who from this or similar canses arc prevented from recelving thelr Tnisvxes regularly will In each th- #tance communicato tho facts aud detalls to this of- fice by lotter or otherw: CHICAGO MARKET SUMMARY, Tho Chicago prodaca markets were moderataly activo yeaterday, aud most of them terided down- warde, Mess pork closed -20c per. bl lower, at $11.03@11,10 for Februsry and $11.224@11.26 for March. Lard closed 15c per 100, 1ba lower, at $7.2731@7.30 for February.and $7.33@7.37% for March. Muats closed useier,. at $4.00 per 100 lbs for boxed sboulders and ' §3. for do short tibs, Whisky steady” at’$1.05.per gallon. Flour was dull. lieat closed 1@1%c lower, at $1,00% cashor Janoary sud $1.07 for February. Coru clowed Yc lower, al 41¥c for January and 40Xc for Febrdary, Oats clused tame, atid¥e. Iyo thUc. Uarley cloecd steady, ol 67%c tor February, 1logs wers Biuy Cuaxoren, who was solectad by the Implacables to do daty as tholr mmnanuensis in the preparation of the letter rocemily wade public, has been solidly sat down upon by the Republicans of his own Stato. At the wceting ‘l'uesday night of the New Ilumpshire Ropublican Btato Committeo, proliminary to the sssembling of tho State Couvention yustorday, CHANDLER gvas severe- ly denounced by ssveral of the spoakers, and the nupopularity of his courso toward the Presidont was further exhibited in tho reso- lutions adopted by tho Convention itsell without opposition. It gave tho President a virtual indorsomont by reafirming and ro- adopting the Cincinnati platform, aud by apecifying tho declarations rolative to the permsnont pacification of the Bouth, deprecating all scctional focl- ings and tendencies, donying tho right of Senators and Roprosontatives to dic- tate appointments, and loaving the Adminis- tration freo in the seloction of represonta. tives of its policy. In the same strain were the rosolutions expressly commending tho patriotic and sinecre offorts of tho Prosident to carry out this policy, to keep faith with the people, and to *‘ escure totho whole country the blessings of a just, efcicnt, and bouest Itepublican Administration,” the purity, economy, aud efficiency of which is uccorded unqgualified opprobation ; and de- uouncing as factious and ndschievous all at- towply to reopen tho Presidential contro- versy, or to question the Prosident's title, 'IT'ho deliverancos of the Convention, so far as they rolate to the question at all, amonnt to un vmphatic and uuresorved indorsoment of President 1fayes, and a notico to Lis enomics that thoir war against his Adwministration will recelve meithor sympathy nor countenance awony the Ropublicans of Now Hampslire, deciine of 10 . Sheep were . Wheat i1 sight on thts ay, 0,020,042 bu; do corn, fuspected Into slore’ In this city , 111 cars corn, 6,143,003 bo, yealerday morning: 114 cars wh 12 cars oats, G cars rye, 208ars . barley, Total, U8 cars, or 102,000 bu. Ono hundred dollars in Jold would buy $102.02 in greenbacks at the tloso, Dritish consols werc quoted at 83 8-10 and sterifog exchange at $4, 825 @4, 85, il b Aiadi LA -Greonbacks at tho New York Btock Ex- change yeaterday closed nt 073. Italy has lost a King and gained another with scarcoly a percoptible lapse. Hux. Bxe1's proclamation aa the successor of Vio- 708 Eumanvzn follows closs upon his fathor's doath, e begs that his Inheritance may include the affoction which the peoplo of Italy bore to his august wire, as woll ss the crown which he so promptly assumes, THE WAR ON THE PRESIDENT, If Washington rumors are to bo credited, the genoral contempt with which the Cmanp- 1xn manifesto was received will not discour sge the machine politiciana from procecding with tho programme which that document manifestly ontlined, 'The story goes that Bonator Coxxuina intonds to use Honator Howx, of Wisconsin, or Bepator Joxes, of Novadn, to introduce a resolutiun requiring an investigation of the Eleotoral count, aud that tho resolution is to Lo based on * grave acousations made upon spparently good au. thority, involving theright of the Prosident to the.offico held by him.” The * gravo ac. cusations” nro to b found in tho flatulont twaddle emitted by Cuawpren; the *‘good authority” is no other than this same Cuann- 1xr in tho attitude of a disappointed ofilce- seeker; and tha ** tho right of tho Prosident to tho offic ho bolda" 1ia not involved ot all, bocausa it was dotermined * by a law of Con- gress, tho only tribunal compotent to pass upon the matter. This, by tho way, b the - tinal answer to tho momorial introduced into the Maryland Ieglulaturo by MoNTtaomeuy Bz, which demands tho necessary legisla- tion for o * judicial” juquiry, Thore was a Judicial Inquiry ordered by Cougress, and its deciefon was continned by Cougross, and thero tho matter ended. ‘Wo think thare is no sorious approhension on any sida that the Presidential controversy can bo reopensd. Tho good senso of the conntry will scarcely allow & fow lnnatics, aided aud abetted by a few unconscionable politicians, to sgein arousa parly passions and threaten civil strife, as was the oase dur- jog the controversy ponding the Elecloral count. Even the spite of tho disgruntled machine politiclans dos nut carry them so for as this, Thoy want to intimidats the President, if they can do so by any means at their command, and a threat to dislodge him or vitiata bis title is about the lnst card they can play in their gamo of ** blufl.,” Thoy may go sofar as to follow up tho irresponsible ru- 1mors which Cuawpres formulated intoastate- ment, with tha hopo of smirching some men like Jonx Bmxnmaw, Sranigy Matruzws, and Qen.' Gawrrern, snd forcing them into counseling tho President to yield to the ‘*bulldozing” elemont. But Messrs, SazeyaN, Matrnews, and Gasrzip are not the mon to scare so casily, or elso the country has mistaken them. But if cer- tain of the Prosident’s friends aud advisers shonld be terrified into giving hiwm "bad ad.,| vice, thero is littlo dangor that ho would fol. low it; for to surrender now into the hands of the machine politicians would bring greater infamy upon him than to sacrifice his office and retire into private life ne & result of the machinations of an unscrupulons A question of great importance to tho people of Illinols was argued yesterday before tho Buprome Court at Springfield. It Involves the constitutional validity of tho act of June 2, 1877, dividing the tate into judi- cial cironits, and is presentoed in the form of an appesl from the Bt. - Clalr Circuit Court, + which affirmed the authority of Judge Warr to oxercise the office to which he was elected in the Third Clroult. 'Cho courls organized under the law in question have been in active operation for five mouths, and the result of & declulon sgainst tho validity of thelr nota would undoubtedly affect serionsly many individual and property rights. - The handful of Greenbackors in the Wi consin Assembly ware succoeaful in effecting & coalition' with tho Domocrats and securing tha election of one of their own number as Bpeaker, the Domocrats taking the rest of e offices, 'The latter werc chiefly concern- ed in the question of spoily, and, as usual, wore ready to sacrifice what little they had 1oft of party organization and respectability to obtain the desived vesult. The Rupublics ans 1nude noither bids nor promiscs, prefer- ring to remain an offective minority rathor than achiove a partial and temporary victory ot the expenso of a discreditablo sell-out. ‘They have the Lest end of the bargain alter all, as tho Senato is Repablican by a good ‘working majority. After a lo;-;;._dheu.rflvn. nudtnmbljng pre- foco to his argument ogainst silver monoy, Prof, Supnen got down to Lis subject as fol- lows s My first praposttion in regard to the rcmonetiza. Houof silver, §f It 18 uxed usit s at the prosent tiuie, on the basts of £134; graius tothe_ dollas, ts ikt 1t will uperate to dopreciato all the paper cur- sency of the counlry (o 1l extent of B ur 10 per cent. Thatie tosay, fam not of the upluton v uuy large amount of ellver woold comu into the cuuntry. The offect would shinply be upon sil per- suns wiio bad debte o pay, that thoy would desire L0 buy silver with which (G pay thew, which would cost the dierence 1u siiver iucavure, in paper. On 1o other Land, any person who Lad anyshing over, would geslre 10 exchange his grecabacks for gold, which would cost the ditfecenca of the gold moas. uro in paper. ‘o moenl, of course, that the Daper foll below the valua of siiver, nobody woald want tho silver auy more, and paper would once moro becowe the cheaper currvucy, and there would bo ww sddition to the sluck of silver In the country, but the thivg In use would remain paper, it havin underguuo a depreciatio of from 8 to 10 per ceuls It iv said that confusion of idens causes confuslon of cxpression. It will puzzle wost readers to catch the meaning of this extract, or to recoucile it with the facts, How could paper fall below the value of silver? The law provides for the redemp- tion of greenbacks in coin on and after the 1st of Jenuary, 1870. When greenbacks aro redeomable on demand in silver dollars, how are they to fall below silver? When Prof, Suuxen says that paper will fall be. low the valne of silver ke talks monsense. It is more polits to say tbat he utiers bosh then to opply a plainer contradiction. Bo wo will let it stand as ** bosh." Anoth. er assertion of thisv remarkable paragraph is that when the old dollar iy remone- tized it will operate to depreciato all paper currency 8 to 10 percent! Puperisnow worth in gold 97 cents and the bullion in o silvor dollsr in London is worth say 92 cents, ~—differenco five cents. Now, sccordingto thiy cxtraordinary logician, the eflect of making silver a full legal-tender, iostead of cubanc- Tunctual tothe cloventh hour,ths enemies of Pyspreroy, the leading candidate for the Unitod Statos Honate in Oblo, yesterday floodod tho Cupital of tho Btate with a docu. ment gotten up {n Clucinnati, whercin the charges so widely circulated against Pex- prrroN some time ago, and which it was then supposed would deprive bim of po- litical prestige, arc now enlarged and embel- Msbed with all the skill and iudustry at the comusnd of energetic Democratic rivalry, The entiro lack of novelty exhibited in the allegations, and the antiquated dovice of re. publishiug them too late for response, have done PuNorLETON more sorvice then harm, aud ho gocs into the coutest three votes stronger than heretofore estimated, n suum- wary of the situation indicating the follow- ing result as probable on the first ballot to- day; Prxvrxoy, 85; Ewixe, 27; Monoax, 26 seatlering, b. cabal, "'his whole movement, whether largs or small, formidable or insignificant, is simply an effort to compel President Havxs to aban. do the Ciucionati platform on which he was eJocted, the pledges of Lis letter of sc- ocoptance by which be is morally bounden, and bis rights under the Coustitution of the United States which he is sworn to maintain. Nobody can be docelved by avy other wotive which the Senatorial cabal ioay profess. Beuator Coxxriva bas been reprosented aé Laviog actually propared a spooch, pending 1t is proposed to hold a Bilver Couvention in Bpringficld uext Tuesdsy, the 15th inst., to be cowposed of delegates frow the coun- tivs of Centrul Ilinois, for the purpose of giving expression to the views of the poopls of that section of the Btate on the question . the bonde and nuics of the Unlted Statew, 1 of the Treasury to offer new bonds bearing 5, 4}, nnd 4 per cent {nterest in exchange for the outatanding 6 p!r cent bonds; and the law under which all these new bonds wers anthorized to be issued espacinlly enacted that such bonds shonld be payable in *coln of the present (1870) standerd value.” This condition was required tq be ret forth in the bond, so that no man buying one should mis- take the contract, and consequently all the bonds issued since July, 1870, read on their face na follows: ‘This bond 18 fasued In accordance with the pro- visionn of an act of Congress entitied ** An act to anthorize the rofunding of o national debl, ap- d i ‘I 14, 1 3 the declsion of the Eleotoral Commission, in which President Haves' title was to be assailed. Then his rancor was that of 'n dieappointed Presidential caudidate. If he believed, then, that Harss ‘was not entitled to the office, why did he not launch his thunderbolt at that time? Was ha restrained by the hope that he might atill manipulate o large share of the offices? Is it his disappointment in this respect, nlso, that now prompts him to protest against the title as fraudnlent which ho theun supported osvalid? Can nman in such a position hope to secura the respect or aitention of the country? As it is with CoNxrino, so it ia in ngreater or less degree with all tho other politicians, especially Borres and DBruaiNe, who think of joining Lim in thia forlorn hope to capiure the Government patronage. The Mnryland memorial prepared by MonteoMenY Bramn just at thia time indi- cates that there fa some understanding be- tween the Implacables on the Ropublican side and the Bulldozers on the Democrativ side that they shall puil {ogethor 1n the new attack on Haves' title, It this is so, then they Liave ontered into just the sort of compaot which thoy charge that Hares' fricnds mado in order to secure his inauguration, and which in that cnge thoy denounce as infamous, DBut theso sore- Lead Republicans will be most likely de- ceived in any hopes they may cherish na to Democratio co-operntion in this matter. The Democrata may, for party pnrposes, en- courage s breach between tho President and certain of the Ropublican leaders, for the more jrreconcilable such o difference shall become, the more it will contribute to Demo- cratic advantnge ; but thoy will not go to the length of a conspiracy to unscat Presidunt Havzs. It is doubifal whether, with their present cstimate of Mr. Tizpey, {hey would consent to oxchnnge Haves for Tiv. DEN, but it is certain that they will not bu hoodwinked into a conspiracy to force Presi. dent Havzs to give way to Vice-Preaident Wazeree. This will bo the aim of the Coxering schemo, if it shall be carried ont, for it will bo noticod that no attack is thrent- oned upon the constitationality of the Eloct- oral Comunission nor the validity of its de- alsion, Lut morely upon the methods said to have been employed by Haxes and certain of Lis friends to secure n confirmation of the decision, That is to sny, tho Coxnxrixg effort isto impenach 11axes’ conduct, which, it suc- cessful, could only rosnlt in tho succession of Wneenkn; the Domoceatic lemders have been in polities too long to be caught in any such trap ns (s, The wholo nffalr rosolves itselt info ‘tho desperate aud nnquenchablo thirst for con- trol of tho Government patrouage. No ro- sort will bo left untried to wheedlg or bully President Haves into snrrondoring his con. stitutional prerogative into the havds of the politicians, who have grown hy practice to regard the prerogative 'ua their owu. If Trosident Hares would consent to bocoms an enrolling-clork to do their bidding, this *cruel war” wounld bo over, as far as they are concerned ; 80 long us be shall refuso to deyrado lis offico and humiliate himself in this fashion, hv may cxpect to be harassed in every way that political experience sud human ingenuity can suggest. Nothing is mors cortain, we believe, than that llayrs will not yield. Tho cabal nrrayed sgaiust him may drive him out of sheer necessity to look for his support -to the Democratic majority in Congreaa; but, if it como to this, the blame for the resultaut injury to the Ropublican ‘party will bo upon Conzrixa and his tools,—not upon President Haxes aud his advisers. BUMNER ON NATIONAL PLEDGES, Prof. Sunsen, in his auti-silver lecturo on ‘Monday night, made the bold and unqualified nssertion that the debt of the United States was mado paynble In ‘‘gold,” that the na- tional faith was plodged to its paymont in gold, and that it would Lo national and per- sonal dishonor not to redeem that plodge Loth in spirit ond lotter. ‘Thnt wo may not do him Injustice, we give bis stateraent in Lis own words, o said: ‘The only propomtion “{; for discusslon Inclndes 1n tnis conncction the public debt, and proposcs to withdraw tho solemn pledge which was mude In reiard (0 the pubilic dedt, that the dutles should bo collected 11 goll, and that ths pold »o obtained uld be saved and "":““ 1o paying the intereat and principsl of that debt. Now., if_ever a uatlon mnade a promisc thet was surrounded and snaran. teed by all the solemniti~g that can bogivento leg- Julativeand national acty, that wasone. If any man had ventured at that time to doubt that this people would keep their word and do what they sald they would, ho would havo been scouted nud branded as & traitor from ong enid of the country to tho other; but here fs this proposition smoothiy and easily made, and brouzht before fhe conutry now, entaillag all tho consequences that belong to & violation of the public credit. ‘I'lis direct roferunce is made by him to tho act of Feb, 26, 1862, in whioh it is provided s #rc, G, That all duties on Imported govds whall De paid in coww, of in notes hayable on domand heretofore suthorixed to be lssucd and by law re- colvable in r-vmcnt of public dues, and tho goIN it patd wball bo sat apsrt 4s u spotial fund, snd shall bu applicd as followat First—To the paynient ¥ corx of the interest on economical administration. All this, hoy, ever, pertaine mors to Utopia than ¢y Chicago or New York, and whataver mony or equitable rights Mr. Pontza's plan m, claim, it ls not easy to ses the machinery whichi ho would put itin operation. Nove, theless, the statomonts which he nakes ar, sufliclontly startling to commend themsclyyy to the serious considuration of all good ciyy, zons, if thero is honesty of public sentimey onough left to do so. It i3 a problem of th, gravest oharacler, and ona which musth, nolved, it we wonld avoid amiving at thy crisis recontly prodicted by n prominent ey York merchant, when the People will gy, rifice to thelr City Administration and Stgty Uovernment the whole annual increase o their combined lalor, + l.er‘.“x.tu. 1891, 1x coly of tha acd val ihe'Cnited States on said July 14, 1870, with tn- terest In euch coIx from the ehy of date hereof, cte , ete. * Now, wo submit that the assortion so dog- matically made by Mr, Buusen, that there ‘was a solemn pledge to pay principal and in. terest in *'gold,” is not trne, but is explicitly contradicted by the express lalter of every law of the United Btates on the subject. For a gentloman profeasiug "to speak a3 an expert, nnd one who declared that no person knew more about the malter than he did, the statement was equal to many othera made by him In tho way of a carclesaness as to truth which it wonld be Indecorous to attribute to gnorauce, In the conrse of his locture in oppositisy {o the payment of thebondsin nil\'crmoney, Prof, SustNen said: Thie measue that 1e rr thing, The old med| practiced it continnaliy, d now I8 Anta ey noverelana of Euros, hey rezarded 1t ad iy must valuable uf thele royal prua’llh‘“. oty ableto move colnage npward and downward, s that Ihz(woum make a blg doliar and borrow, aay nm;m ka o little dollar and psy. [Lavghtce sy applause, There aro always a parcel of half.witteg people in a mixed erowd to appland, Biggle, and guffaw at anytbing that seems to theg funny or smart. No matter how absurd of untrue tho remark of the speaker may b, they will clap, stamp, and lsugh, » Inthy case of this country, did the Governmen; exerciso the old kingly prerogative of mak. ing Lig dollars and paying back in little onesy ‘Was the greonback a big dollar? Wasaty Ligas tho silver dollar in which it is pro. posod to ropay? Henr what the Professe sald a littlo fnrther along in his lecturo: 1t sens pard, and truly, that the bondholders diy not elve par valie for tho sccurities aold 1o them, Tie had scen United Btates promises (o pay $100 fa okl rolil for $43 In gold In tho dark days of 180, Enilio atled to recollcet that any of the gentlemes Who o WlecIimcd ngainat the bondholder camy forward to bid 30, or even 3644, This wns tho sort of *big dollar” thy boudholders gave tho Government. They cried down the greenback dollars until worty only 85 centa in coin, and then they bought londs with them and bave since thoso dapy ‘beon rocelving 8 per cent gold interest on 3100, for which Svaner admits they only paid 835, How big n dollar is 35 cents) That is what the American * King " received for some of hisLonds, e has sinco pald of apart of them in gold dollars, and proposy to pay the romainder in silver dollars at hiy option, worllhi now 84 mere domonetized bullion nearly threa times ns much ns hy racoived for some of the bonds, and twin aa much os he got for most of them. Is that pnying back iu little dollars a debt for which Lig dollors were roceived? Buarnen's fllus. {rution was a slap in his own face; but thy goldito fdiots in tho crowd laugled and ap. planded, becauso they thought he had mady a hit, but wero too Llind nnd stupld to sy that Lio had hit Limself, MUNICIPAL DEBTS, We print clsewhore o paper read before tho American Bocinl 8clence Congress yes- terday at Joston, by Ronear P, Ponren, up- on tho question mainly of municipal indebt adness. The iuformation which he prosenta is not particularly new, but is somowhat more comprehicnsivo than tho statistics bera- {ofore given, as ho hias obtained ofiicinl stato- ments of iudebtedness from 130 citics wo sitonted geogiuphically as to represent the wholo United States, 'I'lio results of Lis in. vontigation tnay b brielly stated: Tho mu. nicipnl debt of these cities fn 1866 was 221,012,000 ; fn 1876 it was $644,076,663, showing nn incresse of %423,006,G63, nv. oraging 842,000,000 por year. Upon this basis ho catimates that the United States Lias to-lny n debt of $1,000,000,000, or half tho amount of tho national debt, which is in the natnre of o mortgage of 15 per cont on the walue of the proporty of the taxpayers, At the present rato of incroase, in anothor decade the morlgnge will reach the sum of 25 per cent of tho nssessod valuntion. We do not uoed to go anmy furthor into tho dotails of the iudebiudness, although 3r. Pon. TER makes exlaustive aoalyses and very extensive applications of his figures in thair relation to the subsidinry questious of taxn- tion and population ns uffccting indebted- ness, Tux Tuinune bos dono all this over and over again. ‘fhere 13 no disposition- in any quarier to deny the cnormous incrense of indebteducss, the corrupt oporatious and tho organized system of plunder practiced Ly city riugs of all dimonsions from ‘T'wezp's down, or the startling fact that tho cities thus heavily niortgaged can show, no sub. stautial cquivalent for their debl, Tho Apparcntly the timoe has come when In the mas. monoy lins beon criminally wasled, equap. | Dby of modern tranaactious, amd fi (he extentot dered upon rings, eaten up in contracts, | com 01 50 af ellver as 1 cxporimonts and nseless improvemonts,—in | matler of fact, hwi ot hiad wilver in use for % pinin langungo, the debt ropresonts public | Tiattoia' ibenty it s shey wore weltd 1o o plunder, nud what have theso citfes Lo show the old silver * forit? Mr, Ponvkn vory well says: ** Noth. inconvanivoy ing but Ladly-paved stroots; illy-consinteted public buildings; vast parks, the vory shade- trecs of which have {udelibly stamped npon thom the word *steal *; railway advontures that have proved a damage rathor than a benelit; gas rings whono only object seems plander; and city ofiicials whose only object Heews to be to ploy futo the hands of the banumer cloment with o view to ‘next apring’s olectlon.’ " All theso itoms, statistics, and resnlts of munlcipal indobteduess, although they are very carafully prepared and very foreibly stated by Mr. Pontin, aro familiar to tho readers of Tux ‘Turnuxs, Thoy will look with more intercat to tho romedies ha pro. posas for this infamons condition of muale- ipal finnuces, with the lope that they muy Lo practieal. We fear, howaver, they will be doomod to disappeintment, and that if munfelpal indebtedness |y to continue on the increnso nutil Mr, Poaten's remedies can be applied, it is bonnd, like the brook, to go on forevor. Hie remedios oro two in number. He anggests oither *the absolute diafran. chisement of the nou-taxpsying population or the election of a second Lody of wen by the hoavy taxpayors of a olty to represent the property intorests ond curtail tha reck. losa disbursement of the public funds.” The fonndation of his first proposition is mornlly sound® The large class of bnmmers who are non.taxppayers have no interost in the QGovernment of the city, nre used simply s voting material by domagogues, and have no moral right to dictate who shall have charge of the publio trensury or how tho publio funds shall bo administered. Dut moral righta are one thing aud logal rights snother. Even if it were pousible to draw the line of disfrauchisoment at non-taxpayers, thelr votes would simply be purchased by demagogues by ratiog them as taxpayurs in small nmounts and furnishing them tho money. In nddition to tho easy with which they would ovadu a digfrauchisement dopend- ont upoh tho nou-payment of taxes,—and this has beon dono repuatedly whera the franchise’ dopendad uponthe payment of a poll-tax,—it wmust bo romumbered that Mr, Porrex's plan could only be put {n operation through tho medium of a constitutionn! amendment, on tho adoption of which the demsgogues, tho rlugy, aud thelr friends the bumuners, would have a vote. Mr, Poxten's seoond proposi- tlon {s & wore reasonable one, but it may ba improved, although with the jmprovemeuts wo foar it would even then stand only as sn idenl proposltion. 1If it wera only foasible, a plan fike this might meet the case: Lot the City Legulaturo consist of two Houses fustesd of ome. The lower body of OConucilmen might be elocted by the whole body of voters, and the upper, or Alderuien, who should have a velo pawer, by taxpayers. They might vote ou the Berlin plan of classification, a certain amount of property being represented by three votes, the second class by two, and the third by one. Btill better than this, and in accordance with Mr. Posrza's idep thiat (he municipality i1 & busiuess corporation aud should be managed as such, thoso qualified to voto for the Upper House might vote cer- tifted coples of their tax-cortificates, ihat is, voto dollary, each dollar represeuting its sharo of the stock ho owns in the city cor- poration, just as he would vote on his stock {2 bank or reilroad corporation. For In. stauce, if & man paid $10,000 taxes, his cor- tificato, with his name on the back, would be counted for 10,000 votes, and sa ondown. In this manner the taxpayers would control one brunch of tho City Government, and, as that branch would hsvae the veto power, the' taxpayer would bhave control of the public funds and their distribution, aud might insure an honest and I‘ml.,Bmv;m, in his r«-m.urknblal speech againat silver, treated facts in o mostextraor. dinary way. Among other things ho said: rauc ‘pleco hiey would tai 4 they would tmmod ately A silver 20.frane piece wonld bo of th woight of cight uf our present Lalf-dollars, and if such a coin was ever jssuod in Frany it must havo been At some remote dny. The nssertion that France has not had stlverh ugo for twonty-five yenrs will be news tothy Fronch, The five-frano ploco fs the colu ia gonoral use. Thero are no small bills, aod tho fivo-frano legal-tender is in univers ure, In tho roport of the English Commis. sion on the silvor question i given au offlcid statement of tho colnage of the silver five frano colus sineo 1868, jucluding 1875, in France, and the total {s 494,772,000 francs or about $100,000,000, though this period covered thetime of the war. Within theeight yoors tho States of tho Latin Uniou coined Iu five.frauc ploces abont $210,000,000, The Bauk of Frauco Lolds abont $150,000,000 o silvor in five-franc piecas, while it holds twie that amount in gold, andthiorais in circulation among the people about Lwice as much silver an gold. This wilver is a legal.tender, and both colus cirenlato fracly side by side ond, being cquivalent, neither expels th other, Tho trouble with Prof, Susnes is, that L vocation doos not subject him to criticlsm ot coutradlotion. 1l busiucss is to lectun boys at the Yale School on financlal sod econonifeal subjects. The lads listen and swallow what thoy cau of what he emits, s in duty bound. Ie fills himself up with East wind on tho monoy question, and then are nono daring to guiusay him. Not beiug wubjoct to criticism and traverso, Lo has s oumulated n vast amount of erroneous cos- ceptions and half or quarter truths, Ever- thing from his standpoiut is scen froms gold-buy augle of vislon. Brass in his eyes Is pure gold, whils eilver he cateons asno botter than pewter. Ile camo to Chicsgd bolieving that thera was only one side to the monetary question, and that he possessed o mouopoly of the truth; that whe he did not know on the asubject wa not worth knowing, and that b know nbout oll that his audienco knew ol what ke know besides, Tho puncturisg his dogmatio assertions and sophistus already have recelvod may bo tho meaus of convin® fug him that thero are two sides to tho quer tion, and that his mind has beun a atore house of error on the subjeot. Second—Ta (he purchass or payment of 1 per ¢entun of thio entiro debt of tho Unlicd States, ta be mado within cach fiscal yuar after the lst of July, 1862, which ia to bo scl apart as 8 winking fund, sud the fnterest of which shall ju like man- der be spulied to the purchaso or payment of (he ruhllc dabt as tha Becrotary of tho Treasury whall rom |lme to me direct. . ‘fhat Js tho law, und the reador will look in vain for any pledgo to pay principal or futorost in gold, as distinguished from wllver, both coins being at that time logel-tender for all natlonal and private debts, and silver coln being then at a promium in gold. Inall the lonn acts from 1662 dowu to the latust, the word * gold " 18 not wentioned bnt onge, and in tbat instanco it is connected with silver, aud that e in tho oot of 18GD. Wo bLave published beforo snd now reproduco a list of all the debt acts of Congress bearing on this question from 1802 to 1878, The list is s follows: Tho act uf Feb. 26, 1802, sutborizing ths issue of 0-20 bonds, provides that the Inlerest ob: patd in coln; not in gold, but ! o Provides that dutics on’ fmpor 1) bo pald 1y <oln ; not in gold, but ig coln. same uek crye sted ‘the Slakiog ¥und, payable in coln uot fu i, 9 o nth of Fab. 17, 1603 wakes Ite obligations a in coin ¢ not In b ‘I'hey have had a backward Christmas in Rur afa this winter, tho festal day belug celebrated ou Sunday, Jan, 8. No other Christian counts] retaing the Ol1d 8tyle, or Jullan clrogologl: “The Russlau residents of New York, agrecabl! to their pational customs, came together 8o tuade merey i much the sawo_manuer as &l Awerfcaus a forlnight ago, First, bhowerth they tad dovollonal oxcrcises fn the Russiss chapel on Becund avenue, where the liturgy w3l reud In the Sclavonle language, and prajent weto offered fur tho success of the Rusbss army, rald, but cata. actof July 11, 1842, mskes its obligations o In comn ; w0t i gald, but coln. A sct of March i, providing for the lssue of $100, 000,000, makes them payable in coin; not *in gold, but coln. The act of March . 1804. for s loan of §200,~ 000,000, wakes It vayablo ia colu; not in gold, vut roln, “*The act of June 30, 1884, ta borsow $400,000. - makes it payable incoln; not in gold, but 000, i "’fi sct ot March :I‘ 1803, for $600,000, maxes them payable lo +\ coin or otl woney " uat gold, but coln ur greeabacks. 'The famotw Pablic-Credit sct of 18G9 reads as follows 1 e e —— ‘Tho snan KiLuounx, who was onco confined In the Washington jall for contempt of thd Ilouse of Represciitatives, aud who ordered 18 most costly viands for himaclt and friends frod the Housc restaurateur, bas rcfused to pay bill on tho ground that ke was livivg st Gover® ment expense. How can any Court liiteo® such an absurd pleal ANl precodents shiow thsd when a prisoner chooses to fndulgo tn 100d tbsh i3 not upon the prison bill of fare, Lo pays I at. 1o Eoglaud, KiLuouzx's detenso would ¢ cite derlaston. e — Official returns made to the Bureau of Sté tistica show that during the threo montbs ead Dee. 81, 1877, thero arrived st the pors of Ne¥ York 18,020 immigrants, of whorm 7,736 e wales and 5,284 females. * During the cor™® spondiug period of 1570 the total arrival fmmigrauts st the port was 13,903, of who? 8,041 were males and 5,602 females. The b arrivals at the port of New York durlug ¥ mouth of Decewber, 1877, wero 8,007, of Wis 660, - Revised Statutes, page 733, The (aith of the United Btates 18 s0l- god to tho payment in coln, or its equlyalel of all tha oblizutions of tbe Usited Ststes not bearing intercat, known as United Blates natcs, sud of sl tho julorest-bearing obligativas of the United Gtates, except in cascs whare the law sutboriziag the Issue of any such obligation Lias uxprosaly provided that the samo niay bo pay rnl ‘money or_other curreucy than kuld und sileer, Bus uone of the intercst-beatlny obligs- tlops pot already dus shall be redecmed or puld before maturity, anlcss at sich time Uniled Siates noles are convertibly luto coin ut the oplion of the holder, or unless at wuch time bonds of the United Miates beariog s Juwer rats of lutercst than the bunds to be redeemued cau be suld at var g coln, The {aith of the United Statvs Is also solemnly ledged to make provisious st thu earlicat prac. cable peclod fur tho tedemption of tus Unlled States notes in coln. o 1o 1870 Cgngress authorized-the Bocretary B R ATA IR HTO =apwnn qape CreaE v 0 ac c it n tt iz Y R o ST TR