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a“" ‘ 4 The Tribwne, TERMS OF SUBSCRIPTION. BY MAIL~1N ADVANCE—P aily Editlon, one vear arts of 4 year. oer mo Sunday Edit Li Toufite Sheet. T ay EdIt ri-\Weekly, one ye 'arts of & year, per moni WEERLY ED! Thnortaberics Kpecimen eopten sent irre. Glve Post-UMico address In fall facluding Btate and County. Remittances may be made ofther by draft, express, Tost-Oftice order, or In registered letters, at our risk, TERNMS TO CITY SUNACHIBERS. Dally, delivered, Sunday excented, 21 cents per week. Datly, delivered, Sunday included, 50 cents ver week, Address THE TRIDNUNE COMPAN Corner Madleon and Dearborn-ats., Uhieago. 1l ©Orders for the delivery of Tix TRIAUNX At Kvanston, Tinglewsod, and Hyde Vark left in the cousting-room willrecelve promnt attantion. e e TRIBUNE BRANCII OFFICES, Tox CHICAGO TAINUNX has establishied branch offices for the receiptof subscribtionsaud advertisements as follows: NEW YORE=Toom 29 Tridune Dullding. ¥. T. Mc+ Fanorx, Manager. PARIB, France—No, 10 Rae de 18 Grange-Batellerc. . Manrrn, Age ' LONDON, Kng.—American Eschange, 440 Strand. » Hxxay P. O1Lsig, Agent. . + BAM FRANCISCO, Ci fotel. AMUSEMENTS. TMoolcy’s Thentre. olph street, betwoen Clark ani LaSalle. ment of Klizabeth Von Btamwitz, ** LadyJane MeVicker's Thentre. Madlbon street, between Siate and Desrboro. V701 n London " and ** A Quiet Family.* . Uaverly's Thentee, ( sfonros street, cornerat Destborn. Engsgementof Joln A. Btevens, **Unknown." Colineum Novelty Theatre. Clark atreet, between Washiogion and Rendolph. \ Varlety pertormance. MONDAY, JANUARY 14, 1878, OEICAGO MARKET SUMMARY, Tho Chicago produce markets were steadior Baturday, with rather less busincss dolog. Mess pork closed 7%@10c per brl lower, at 810, 10.75 for February and $10,87%@10.90 for Lard closed 5e por 100 1bs lower, at $7.224;@ 7.25 for February and 87,30@7.32) for March, Meata closcd enslor, at &1.67!4 per 100 Ibs for boxed shoulders ond $5.53 for do short ribe, Whisky wae steady. at 81.05 per gailon. Flonr was dall. Whent closcd Yic higher, st$1.06% cash or January and 81,004 for February, Corn closed KGN lower, at 4lc for January and 40%c for February, Onts closed steady, at 2de. Jiye was unchanged at 53i4c, lnrley clos 115¢ lower, at 33%4c for February and S4c for March. Hogs weze dull and eanler, ot 83, 602.3.90 for good pnck- tng grades. Uattlo were dull ond nominal, at 82,60 @4.05. Sheep wera ynchaned. Jeceived In thin city during laet weeks 04150 bris flone, 231, 580 bu wheat, 433 bu corn, 89,417 b vats, 17,0 1 bu ryc, 02,200 bu burley, 7,714 hoad dressod hogs, 008 live do,and 15,1434 cattle. Exported from York, 10,845 bris flour, D03, 126 bu wheat, ond 264,45 bu corn. Inspected Into story in this city Saturday mornig: 170 cars wheat, 180 cars corn, 50 cars oate, 1% cars rye, varley., Total, 44 cars, or 100,000 by hnndred aollars fn gold would huy $10: greenbacks ni the close. Miritish convo qu:ml at 05 and steriing exchauge at $1.81%6 4,844, In Now York, oir Snturdny, greenbacks rangod from Y74 to 97}, A sensationnl incident iu the way of con. vorsion is chronicled iu n dispatols from Fort Wayno, whero Masox Loxo, n pratessional gambler of bad ominence in Indians, wos last ovening imrmcrsed at the First Daptist Church. Nugierous saloon.keepors and sporting-men witnessod this comtmoncoment of o now doal. Tho Trish obstructjonists nro proparing their programmne for the coming session of Parliamont. It has been detormined by the Home.Rule members that Dr, Burr sboll move, and Mr. PanNpit second, an amendment to tho address to tho'Quoen, demanding the immedinte consideration by Parlioment of the grievances of tho Irlsh people. “If this {u donied, a ropetition of tho obstruction tacties displayed at tho last sesslon may Lo looked for, The funcral of Victon Lxaanves ocenrs on Thursday of this week, and will be con. ducted with full ecclosinstical solomnity, the ordor of tho Popo having removed all diffi- culties. Tho remains of Ttaly’s groat King will be doposited in the Pantlicon, the splon- did Pagan templo erected by Aantera in the year 27 B. C., and by him dedicatod to Jopl- ter, the **father of all gods,” and which, having boen given by the Fmperor Priocas to Popo Boniwack IV.in G0Y, was by tlhe Iatter converted into a Christian church, and by Popo Gnzaonry IV, in 810 was dedicated “*to all the saints.” Tha historie edifico will henceforth possess ou added iuterest to Italy and tho world. —— The privilege that England claime of not- ingos tho special fricud and protector of ‘Turkoy i not to pasa altogetlier unchinllonged by tho othier Powers, Acting nudor justruc. tlons from thoir respeotive Governmonts, Princo Reuss sud Count Coats, Ambassndors roupectively of Gormany and Italy ot the Turkish Cupita}, have iuformed the Porte that it it allows Grony Britain to send hor fleot to Constantinoplo, Germany and Italy will domnad that por- . miusion to pass the Dardanellos bo granted ' tothoir floots. Asindieating tho oxistence of on understanding betwoen Germany aud Italy in roferouce to the Eustern question, tho cplsodo Iv not without significauco ————— 1t is claimed that the present low price of anthracito coal leaves no mergin for profit to mine operators aud trausportation com. panies, nnd that it bas resulted in the sus. pension of work in o large number of the Ponnsylvania collieries. However this may be, the great produciug and carrying inter. ests have made it tho occasion of orgau. lzing o new combiuation desigued to limit and control the authracite product, basing the allotment upon 8 total consumption of 20,000,000 tons per yoar. After cousiderablo resiutance on the part of cowpanics claiming a larger sharo than was proposed to be assigned thew, tho combination has besn perfected upon terns sot forth in o Philadelphin dis- pateh, 1ts svecess will dopend equally upon the good faith of its mombers toward each other nnd upon the good faith of the com. bination toward tho miners and the public. Avy atteppt to advance tho price beyond & zeasonable limit will have the effcct of de- creaslug consumplion, and it is to be scen whethor tho big monopoly is wise enongh to sdhero tho policy of live and let live, A terriblo picture of misery is presented in tho dispat¢h of Mr. Lavanp, British Am- bassador at Constantinople, to the Barouess Bukorrr-Courrs, who is st the head of tho wmovement in London to obtain funds fortha rolief of suffering in Turkey. 'The swift progress of the Russian Losts into the centro of Roumelia hos struck terror to the hearts of the Mussulman population, aud they are fleelng by thousands to Constan. tinoplo for refuge. Nine trains wera expected from Adrisnople Baturday, bringing in open trucks and in the midst of n driving snow-storm 10,000 fugitives, mostly women and children, who must be provided with shelter and food suflicient to keep them from starving. The Turkish Government, with an empty Lreas- ury and resources oxhausted in the tromen- dous struggla it bas maintained, is powoerless to extend roliof to the wretched thonsands, who wonld have fared far bottor to have re- mpined at home and foken their chances with the invaders. Whnt ia to bo done with them in Constantinople, wheronntold misery provailed provious to their arrival, is n prob. 1om which the wealthy and humane English contributors will find it difficult to solve, Among the great number of sormons preached . yosterday by Chieago clergymen on the character and duration of the Holl that is to be, that of Dr, Trosas will claim chiof attention, though all will be read with interest. After quoting from the horrid de- seriptions of oternnl torture contained in tho works of Jenesty Tarron, JoXATRAN Ep- WARDS, SPuRazoN, and other renowned oxpo- nents of Calvinism, Dr. Tuoas turns his ottention to the doctrines of Election and Rtoprobation, finding that theso teachings are responsible for much of modern skop- ticisi, and he doea not hesitate to declare that in this unbelief the doubters are right and tho dogmatists aro wrong. Further, ho avows that if to bo orthodox it ia necessary to hold to theso beliefs, then he is not orthodox, and ho is glad of it; that if be belioved Gob to be such a monster as Ho is tauglhit by theso dogmas to be, he would nover again bow his knees in prayor. Iie docs not belisve theso things, and will not ask any one elso to believn them. Method- ism, he claimns, holds a middle ground be- twoen Calvinism aud Universalism, and in his disbelief in the doctrine of a physical el and etornal punishment ho professes to spenk for over 2,000,000 Methodista in Amerlea—nn assumption thot scarcely tallies with the fact that all the scrmons by his de- nominational brothren which are reported in our columns this morning nssert the exiat- enco of a litoral, local Hell, with various views as to degree of combustion but no limit s to duration. Numerous other ser- mons wera preached -upon this interssting topic, representing shadgs of belief as numer- ous as the sermons themselvos. Evidently the quostlon is not yot settled in Chicago. NEW 'ULLDOZING, Tho New York bankers have held soveral nieetlngs ravently, baving for their purpose the ngreement upon a plan of action with which the Southern aud Westorn States are to bo throatened unless they withdraw their support of the remonetization of- silver, "'his planincludes: 1. No moro salo of goods except on condition of payment in gold; 2. No grodit or discounts to auy Westorn or Soutliern baunks, mareliants, corporations, or wunicipal governments, except on contracts payablein gold; 8, The refusal of nll dealings with porsons who will not make contracts to pay past nud futurs debts in gold. This thrent Is to bo nent all over tho country ns tho dotormination of the men who claim to reprosent the * contre of capital,” Do these gontlomen think that tho “contre of capital isimmovable? Within the memory of oven young men and merchauts, Now York waa the “centro of trade™ in tha United Btates, and overy man who dealt in dry goods or groceries all over the land hnd to go to Now York or sond to Now York to purchndo his atocks, Times have changed. Now Yorlk was ouco the centro of tha provis- +iou trade, and ovory pound of packed beef, pork, lard, bacon, and cut moats bad to be sent to Now York to bo sold,—both to the foreign and domestlo markets ; but tho con- tro of the provision trado has moved a thou. eand miles westward. Just provious to the War certaln merchants doing busindss in Alabama, we think, united in a lettor to s comb-manufacturer in Con- nocticut, informing him that, unless ho with. drow his opposition to the Bouth, the Sonth would forovor refuso to purchaso his combs; wheraupon thoman in Connecticut answered back that he sold combs and not bis polltics, and if the Sauth choso to stop buying his combs, then the South might go lousy. We commend this little incident to Mr, Gzonox W. Cozand his associnto bankers snd mer. chants in Now York; they may study it with profit. In tho wintor preceding Mr, Livcorn's first {nauguration, the South got up what they styled a * hlack lst * of all the merchants aud others In the *centro of cupital” who wero not in favor of disunion, aud Harper's Weekly dovoted its caricatures to expose the moral obliquity of thoso who would coerco sovervign States, Thisblack list woa published, and wo all know what bocame of {t; that kind of bulldozing was rosented, and allNow York, inoludiug Zarper's Weekly, put the bulldozors at defiauce, aud told them to do their worst. We submnit this chaptor iu the history of cowucreinl bulldozing to tho bauks and merchants of Now York, that thoy may understaud that the paople of the Wost and of thie South care nothing for bull- dozing of that charactor, and if New York doos not want to sell goods or lond money to the Houth and Weat, or buy cotton or brondatuffs from tho South or West, then Now York mny koeep ity noney and goods, and buy bread whero it can. It may turn out that the Cotton Exchange may find a moro convenicut location, ‘Thio day hus long siuce gono by when the ‘Waost and South dopeuded ou New York City, ‘That city might bu buried, aud the business of tho Wost aud South would go on Just the samo, If the bouks and merchants of New York shall fusist that the capital gathered thera shall not ba employed in trade with tho West or South, it {u possible that that capital will quictly Hud {ts way to the pro. duclive centred, and be Juvested diractly awoung those who produce to sell aud who buy to consume, There is no law that can compel capital to rermain in New York one hour after the trade of that cily with the produciug sections of the country shall cease or bo suspended, and. if the City of New York pioposes to suspend or rcfuse further commercial or financial deal- ings with the exporters of §030,000,000 sur- plus products of their labor, the latter will probably find somo other voute to warket, womo other route to tho open ses, s0me other point from which to obtain what they need, aud somo other part of the world in which to obtain the capital that they inay noed to baudlo what they produce, ‘There has never been o time when it was not luwful to uake gold contracts ; thero iu a large sumn of mwoney now invested in the ‘Weston which principal and interest sro pay- able in gold; no person Las ever objected to the fullest complionca with the terms of thoso contracts. But when dollans worth fxom G0 to 70 cents were loaned here, the debtors object to having all other forms of legal-tender, luwful ot the time tho debt now direotion that Las been taken, "Epuuxps bas never beon o machine poll: | "tician, in the broadest and worst sonse of THE CHICAGO TRIBUNE: MONDAY, JANUARY 14, 1878, was contrncted, probibited, and payment demanded in gold coin, on which a corner haa boen established, and which hLas a valne from 20 to 30 per cont groater than its ondinary valuo. The only way to protect themselves is to break that corner in gold by restoringsilver nnd gold dollars to a common money value, in which ease payments will be mnado in whichever coin may be at the time the more convenient. Now, it the New York banks and mer- chants want'to get out their * black list,” let them do it. It they will not buy our combs, let them go lousy; it they will not soll us dry goods, there are other places where we can buy them; if they will not buy our bread and meat, let thom go hungry. The people who produca more than they con- snmo of human food have an open market the world over, and can find olsowhers all they noed in oxchange. Lot New York get out its **black list"; it noed not be at trou- ble to solect the namos; let it put down the people of the West by acres, townships, counties, Congressional Districts, and Hiates; let them put the people of twenty.six Btates under a commercial and financial in- terdict; let them advertise to the remotest parta of the earth that New York holds no commercial intercouras with the South or the West ; that the peoplo of theso sectidns re- fuse to pay any moro debt or intorest than is called for by the letter and torms of their contracts, and when the railroads to New York shall become bankrupt, snd the Erlo Canal become stagnant from disuse, and the banking buildings in Wall street will have inscribed in chalky whitencss over their doors the legend “To let,” thon perhaps Mr. Gronax W. Coz and bis assaciates will dis- cover that any attempt to bulldoze or intim. idate a free and intelligent peopls must provo a failure. 5 Now, out with tha bleck list. If thers bo any banks or morchants in the West who are 80 weak that thoy must submit to the bulldozing of Wall strect, and who are =o dependent on the smiles of Now York for existonco that thoy must oppose tho inter- osta of thoir own constituents and custom. ors, thon lot the peoplo whose confidence thoy enjoy and betray know tho fact. Let Mr. Gronoz W. Cog, for the New York banks, issuo the pronunciamento declaring non-intercourso with tho West and the South, and let him wait for the result, and, whilo waiting, let him read up the mechan- fsm and the effeots of the boomerang. SENATOR EDMUNDS AND THE CIVIL SER- VIR ‘Wo hava nlready directed publio attention to tho obvious fact that the visita which the Sonators and membors of Congress wora able to make to their homes during the holidays have worked a decidod chiango in their atti- tudo towards tho Administration. Tue re- coption acconded to littlo Bfr. OmaNDLER'S manifesto by the country at large, and his treatment in his own Btate after publishing this statement, may have lelped somewhat to open tho eyeh of sirewdor politicians, It iscertain that the disposition to make war on the President, becauso he refusps to sur- render to the old spoils system, is very much less nggressivo than it was provious to tho vacation, and the change has been wronght malnly by tho conviction, after personal in. vestigation, that the people are in no humor to :fl;mm the machinations of a cabal to brealddown & reform thot was promised and {n the Auccoss of which the public takes a lively interest. Mr. Epronps’ lotter o tho President 1s, porhaps, the moat siguiticant incident in tho Mr. the word, but he was and is o strong party man, and sosmed disposod at tho beginning of the prosont Congress to cast his infinonco in favor of maintalning tho old order of Congressional ‘‘recommendations.” i position appeared to be that of a gontloman resenting on invasion of his dignity and privilegos as 8 Benator. Mr, Epyuxpa' In. fluonce was important, Iis personal char- acter and ability made him a Yeader, and the faction opposing the Administration gained great strongth by roason of his apparent ad. heronce to their plans. But Mr, Ensuxps, it fa ovident, nover contsmplated a perma- nent aud irreconcilablo bronch betweon the Adminlatration and the Republican mojority in the Sonate. Such a courso would not bo approved by bis judgment, his party zea!, or hie patriotism. Though one of thoss who would probably prefer the old system of Uongressional recommondation (if it wero posaible to malntaln it without abuscs), ho chooses rathor to espouse tho Presi- dent's views than go to the length that poll. ticlans liko Conxriva, Braine, and Borres propose. The rosult is that Mr, Epmunos' lettor is a vory falr expositionof Civil-Service reform, 80 far as it is practicable undor ex. isting laws, and he will undoubtedly ex. ercise from now on 88 much influenco in de- fenso of tho President’s position as his quast identification with the Implacable faction proviously enst against the Administration. It all the Beuators took tho eame high. minded viow of dispensiug patronage that AMr, Epuoxps entertains, thore would be no wisuuderstanding between the President and Congreus, It {a trule that the vast terri. tory and immense number of offices {ucluded under Governwent patronage precludes a personal knowledge of tha fitness of candi- dates, except in a fow casea. If, them, Lu. man nature could be so reformed as to rendor it cortain that Congressmon would be governed in their recommondations solcly. by conaidorations of the public welfare, no mora comprohensive systewn of covering the territory aud dlspensing the patranage could be dovised than through Congressional sgency. DBut experience has proved that clection to Congress vather dovelops humen nnture as it is than changes it for the bet. ter, and that Congressional recommendation ostensibly for the public good is usually a mere euphemism for Uongrossional dictation to serve partisau or pemvonal ends. It had come to be 5o that the Henators and Repre. sentatives actually arvogated to themselves as s right the dixposal of the patrouage in thelr bailiwlcks, and resisted sny uterferenco oy presumptiousand impertinens. Thisumount. ed to a subversiou of the constitutionat vest. mont of the appointment power, aud not even for good purposes, but for selfish and unworthy ends. Sonator EbMuxDs, notwith- standing his attitude in the earlier part of the scssion, is now o far convinced of this 5 1o say that the abuies of the Civil Bervico “*1oay bo greatly mitigated by an eatire ces- sation of Senstors and Representatives from whatever advice or solicitations respecting sppointmenta.” This is the course he in- {euds to pursue, aud other Benstors will act wisely aud patriotically by imitating bis ex- emple. Of courso, the cuuntry must look to an improvement in the laws governing appoint- weunts and terms of office for the final and permavent reform ju the Civil Bervice. But, in the meantime, there is not wuch danger under the presont Administration that the nomination of public officers will fall into the hands of a cliqua ontside of Congress, ainco the Congrossional clique no longer hau the manipulation of the patronage. It is not likely that President Hares will abandon himself to any private cliqua after resisting 80 derperately the Congressional faction, He will have n constant protection from the danger of falling into this error in his pledge ond intention notto be a candidate for ro. claction ; he will ba constrained by no person- al ambition for his own further prefermont, nud will bo gnided by the desiro to Iny the foundation for permanent Civil-Servizo re-' form. Ho has also ndopted as a fundamontal rule that there shall be no removals withont onuse, and {f he hias deviated from this rulo in a fow cases, as is alleged, tho mistaka hns mhade him so much troubls that ho is not likely to repeat it. But the Congressional in- fluence, under the now order of things, may ba made more potent than 1t was beforo, inas- much as the Senators, not being fottored by the senso of favors granted or the prospect of favors thoy may ask, will ba betier pre- pared to inquire impartially into the fitness of the nominations and hold the Administra. tion to a strict account aa the dispenser of patronage. Tha theory of Congressional dictation of appoiniments was an outgrowth of tho periodical change of incumbents whenover a new President was eleoted, but the prospect of an established Civil Borvice, with permanent tenure of offico during good bohavior, will, if realized, couse the aban- donment of the doctrine that * to thevictors belong the spoils,” and it will no longer bo necesaary every four years to soour the country and inatall 80,000 new officoholders, When a permanent Civil-Service system shall have been dofinitely cstablished, re- movals and appointments will bo much rarer ovents, and it will bo o comparatively casy matter for both tho President and the Sonate to inform thomselves as to tho fitness of can- didates,—tho former to determino the ap- pointment and the Iattor to dotermine the confirmation or rejection. In tho mean- time, tho surest way of lending up to this point is to use Prosident Haves' Administra- tion to convince the peoplo of the superior advantages of tho English Civil-Bervice sys- tom; o pracedent now may grow into custom and law, — ENGLAND AND THE WAR, The final crash of tho Turkish Empire hns croated consternation in London. It hns como sooner than the English anticipated, and hos caught them unprepared for notion, They havo walted too long, 'The Russian srmy to-dsy {s in the heart of Roumelin, Gounxo's and BronrLEF?'s victorious armics stretch ascrosa the northwestern part of tho provineo in an unbroken llne, bearing down upon Adrianople, which isonly about seventy miles away, and driving beforo them the Turkish army, as well as tho dvilians, who ara pouring into Coustantinople by thon- sands. Borvin has token Nisch, which lets the Bervions down into Old Servie, and the viotorious Montenegring hava advanced far beyond their frontiers. Tho,Quadrilateral is alrondy isolated, and the Turkish forces within {ts limits, if they oscape at all, will have to do so by water. AMeanwhila all Greocols rising without walting for tho per- missfon of Englaud, From avery point of the compass the onemies of Turkey aro boar- ing down npon her, and hor whulo European territory fs now in the invaders’ hands. Thero is now no resource loft but submis- sion, It is too lata for her to think of cacap- Ing through the sheltor of a European war, It England oyer .intgnded to intorfara in hor Daholf, alio .. bag iorlesd”t too™ long," fo¥ Turkoy is pnst help, If she declares war, sho must fight that war alono, for in a wook's time there may bo no Turkish armics left. The Slek Mau I8 in articulo mortis, and there {8 not o Power in Europo that England can rely upon to help her in making war upon Rus- sia. But, nssuming that she doclares war, what can she do? Tho enliro Turkish fleet hos been unable to provent tho Russlan ad- vauco ; can the English floet do moro? A navy cannot operate fn Roumelia. Wil it go up tho Black Ben and bombard Sebasto. pol or enter tho Danube, when both the Sobastopol horbor and the Danubs are thickly sown with torpedoos, inviting sure destruction to any navy that enters them? Notatall. It may boofsome service in dofending Constantinople, but this would holp neither England nor Turkey, If shois going to fight Russia, she must do it with an army, but tho timo for doing this Is past. A yeor ago, when even the passage of tho Danubo was dubious, she might perhaps Liavo succosufully reslsted Iuasia, but it Is too late now, when all of Turkey Isin Mus- covito possession, aud thero are no Turkish armics left to ald her, Even loaviug out the probabllities of support which Russis might have from the Triple Alliance, England will bardly be rast! onough to entor the fleld ; or, if shu does, it can ouly bo to invite sure de- feat. Those-wero no idlo words of the Czar when in declining English modlation Le #ald Russia was armod ngainst intorvontion, It is becauso she is go armcd that she re- fuses {o listen to any propositions for an armistice, and will entertoin no suggestions that do not involve tho ultimate conditions of penco, We may expoot to witness a great doal of blustor and bolligerent talk from the Earl of Deaconstiold aud the Turkophiles, but the English people will think twico be- forp they cross ewords with victorious tus. sia, halding well nigh the whole of 'Turkey in ler gravp, nud thoroughly propared by a year's experience ju the fleld for a contiuu. ance of tho war, THE PLEA OF AVARICE. F., 8. Wixst0¥, the Presidont of the Mu. tual Life.Insurance Company, has under- token to show ghat the remonetization of silver will doprive the policy-Lolders in that Company of about 6 per cent of the face value of their securitfes. Jla appeals to their cupidity and to that of other persons simi- larly sitanted in order to create popular proj. udice agaiust tho Silver bill. *Thix Com- pany,” he soys, **is not ownoed by rich stock- bolders or blonted bondholders. It hasno capital stock, it issnes no bonds, and those to be affected by tho proposed legislation are persons scattered oves the wholecountry, who hold policies sggregeting $300,000,000, in BUINS ON an average of not more than §3,000 each, payable at the death of tho fnsured.” MMr, Wixstou chooses to conduct this ar- gument on Jow grounds, making use of the avarice of wmen to assist bhim., He could be accorumodated on this ground if it were de- sivable, for Tt i as easy to show that the bulk of stockholders fu this aud all other corpora. tions would gsin by the remonetization of silver oy it is to show that they would lose.' Thero is not one in ten of the policy-bolders who doos mot owe more thsu is owing to him, ur who has not more to gain from tho imsodiata improvement of business than from the problematical payment of an jnsur- ance policy after hig dueath. But thereis s *Tuhdw higher and bettor argument than any which Mr. Winsron is accustomed to use, namely, the argument of what is required by a sonnd morality. The Eastern money-lenders have not a monopoly of all the morality in the country, The odor of sanctity does not' ntinch to their business peeuliarly. They have not developed finer instincts or clenver notions of honor than other people merely by claiming to possoss them, It is, accord- ing to any code of ethics .or any standard of s, more dishonest to practite extortion than to resist it. When, tho Eastern mouey-lenders say that they object to the remonetization of silver because the single gold standard will give them 8 por cent more monoy than they lent, thoy are dishonest; whon thoy urge stockholders in large corporations to oppose tho Silver bill from avaricious mo. tives, they aro spreading and propngating im- morality, It s well that this chargo of dis. honesty » should be distinctly made and understood; theBhylocks have had it to thens- selvea too long. The West s dishonest in attempting to overthrow tho single standard only as any peoplo are dishonest in resisting extortion, Thoy simply refuse to pay, for a nentiment, more than was nominated in the bond. This is not dishonesty, but ordinary business thrift, The attempted dishonesty is that of the gold men, who seck to take advantage of n quibble to rob their debtors, The conspiracy of the gold men would ba defented even if silver wore mot remone- tized. It will be {mpossible for them to colloot 80 much more (han they lent for the reason that the poopla have not the diffor- ence to pay. The borrowers did mot have large surpluses when thoy made their lonns, and thoy have beon unable to accumulate auy since. The same causes which made them poor have kept them poor, Tho of- forta of tho gold man to incrense tho obli- gations of contracts have made it all but imposgible for tho debtors to fulfill their contracts, Henco the failures of thousands of houseawhichunderothor ciroumstancos would havo pulled through; the stagnation of busi- ness, bankrupteles, compromlses, and liquida. tion, only resulting in flling the vaults of tho Bhylocks with worthless paper. No company can gain in the long rnu by foreing ita dobtors into insolvenoy, It is botter to have that which was lent than to demand moro and get less, DBorrowors are already Zalled upon, by the appreciation of groon- backs, to pay much moro than they bargained for; fow of them can add 8 per cent to thoir present obligntions without ruin, None of them will consont to do so merely to gratify tho avarica of their cretitors,, THE “OPTION" OF PATMENT. To the Edilor af The Tridune, Ilrnr Panxk, Jan. 12.—1 wauld like to think as you do on tho sllver and bond gucstion. ~ That I do not, or cannot, Is 1o fault of mine. T havo read with a great déal of caro and sttontion all uf the arguments, pro and con, which have appeared tn Tite Trinuxx from time to time upon {licas quea- tions, and yet1 8m unconverted. 1 deairo to sco silver colned froely in this country, —desire 10 sa0 it come into general circuiation, —but that I desire, under the changed sltustlon of the sfiver market, sinco our sllver currency was domonetized, to sce 471% grains of ailvernade a atandard dollar Jimply because this was the standard in the olden time, aninot so clear, Slivor is chicaper now than it was then, Thls belng tho case, Justice would reom to nuggest that In remonetizing our silver currency oursilver doliar should be made to conform more nearly to is bullion valuo In the markota of the World, _ (8ilver will conform fast Snough aftor it In restored 1o ite old place as a full teyal-tendor, nnd 1d will have to climb down from its present fi‘l'uh porchand roost lower, —En.] Second, In re. gard to the payment of our bonds in wilver, 1 grant that the position which you, ana othera who agree with you, occupy. in technically unas. auilable, —that according to the lotter of the law our coln bonds ara payable in silver of 3713 eraing to tho dollar, as wellas in ri‘uu of tho standard value in July, 1870, ~ But that this was the apirit of taetrade—that this was the understanding be-. tween borrower and fondo maade—I ot not su well saf tand o nigan gold, snd gold only, the world over, and 1 doubt not that this was the under. standing upon tho part of the Uovernment whon 1t made lte loans, Thero boing no sliver dollars tn circulation in this country nttho time wo went 1nto tho markets of the world to borrow and this Uovernmend having nuver put in eirculstion vrior 10 1874 to cxcaed about four milllons of silver doilars, 1 very muchquestion whethor this nation at that time ovor had a thoupht other than that of paylng its coln obligations In gold, or its creditora of recolvinz payment in any other metal or currency, 1f this wan the caso, then are ably bound to dlschargo our coln fn- n gold rather than fnallvert With me, a8 with you, s bargsin s bargaln, and I am uot n bellovos In oxcecding our agreenichla or obli- gatione; but If tho spirit of the trade, the undor. atanding between the contracting barties at the thne the trade was mado, was that tho debt should bo discharged in gold, and the lotter of tho con- tract failed to explicitiy and unmistakably expross tha contract in this respect, how should an Indi- vidualor & mation In honor interpret the con- truct? My uotion s that the splrit rather than tho letter shoulu govern fn such u caso, andif the na. tion is clear as to tha undorstanding hsd st the timo_upon this palnt. T think thera 1s no question as to how It should sct in this matter, “In con- cluslon, allow mo to say that my concorn gver this queation le not in the Interust of the bondholder, gEcept that justice bo dona’ him, but that it e 1 tho bonor of the nation. J. 1L, Burru, Mr. Baurn, hiko others holding his peculiar views, persists in shutting his eyes to tha real polnt of thu vase. Let him consent for a few moments to look at tho actual facts, 1. Bilver dollars of 8713 cralns pure were es- tablished as tho *standard " of value or ““unit of account’ by tho act of April 8, 1709, and made an unlimited legal-tender for all debts, both public and private, aud this continued in full foree until 1873-"4. Of this silver money, including full weight halves, more than 85 mitlions of dollars* warth were colued and put Into circulation, and & still larger amount of Spanish and Mexican dollars cotered Into gircu- 1ation Into this country. 2. Dy tho same act of 1703 gold pleces of the * standard " valuo of $10, §3, sud $2.50, called cagles, balf and quarter-eagles, were ordered tu be coined, and were also made a full legal-ten. der forall debts, both public and private (no ®old dollsr pleces wera minted before 1849), Thus a bl-metallic measure of values was pro- vided,—the frst of sllver and the second of gold, ~sllver taking the lcad as the * standard * or “unit ol account, to be of the value of the apanish milled dollar, as the same s now (in 1743) current.” 8. Now mark: Tho object and purpose of this double legal-tender colnnge was to glve the debtor tho option to pay what he owed In cither sliver or gold. This right or option all classcs of debtors, from the natlon itselt down to the humblest citizen, enjoyed for over eighty years, When sllver happeucd to bo cheaper than gold, they paid thelr debts in silver, When gold was the cheaper, they paid jn gold. From 1703 until 1834, belug more than forty yeurs, everybody pald their debts in silver, becuuse it was the cheaper of the two. [n 1834 the welglit of tho guld dollar was reduced by act of Cungress alz per veat, makiog it of less value tor & tine than the silverdotlar, After that the prople exercleed their optivn of paying {n gold. 1 ot uny thwe gold feiloto par with siiver they pald s both, und 1 1t went a trific above sllver thoy paid fa the latter. That was the uriginal object fu establishing the bi-metaille measure of values,—to give themn this option. JamiLrox and JE¥FERSON concurred fn the wisdow and nccessity of haviug a double stand- urd, thu purposs being to confer the option ou the debtor to pay In either metal at his plessurc. Thoso great statesmen clearly foresaw the trouble sud disaster that & single standard would briug upon the country. The reteotion of the option by the debtor to pay fo clther sil- ver orguid Is vitally lmportant to the welfare of the whole American people, sud wuat never be surrendered. Tho acts of 1678 and 1874 sus- pendiug the coloage of full leval-tender silver money must be repealed snd the ortion restored. ‘I'his option belungs to the Govermment In all the acts tor the lésue uf Londs. 1t 1 declared not only fythe laws, but printed on the face of all the bouda tssued siuce 1870. There has never beco any contract wade with tho bondbolders, expressed or implied, whercby tho Goverument agreed to surrender its legal right to pay in sllver when gold becume the dearer metal, ‘The practice has aliwaya been since the foundation of the Government nat to pay In the denrer of two legal-tender cofns. The American people are not golng to be chiseled or hoodwinked by sny sentimental gush or magnanimous folly Into surrendering thelr rights in onder to please or placate the grasping, greedy avarive of bond- liolders or any other claxs of moncy-shavers. The people ure not ageressing on anybods’s rights, but shnply standing on the defensive in maintenance of thelr own. * No surrender " Is thelr motto. ——— Two people died last month in the Ola World whose deaths were not raported by ca- ble, as they should have been. One was Ficld-Marshal J. W, Bunnigt, the butcher of the crew of the Virginius; the other Iert RunMRORFF, who,as the inventor of the * Rumat- KORFPF coll," fusured the remembrance of his nama go fong as electricity ahall contlnue to be studled. Runmronre was born fn Hanover In 1803, and at the uge of 16, having had a boyhood of wanderlngs and poverty, obtained employ- ment in Pavis, whither ho had drifted, ns porter in the laboratory of Cir. ClEVALIER, one of the most eminent phyalelsts of the time. Attract- Ing bis cmployer's attention by tho fondness ond nptitude he displayed for the study of physics, it was not long before he was cnabled to start a modest factory of scientific apparatus. In 1851, after much labor, ho succeeded in bringing out the Yamous RuuMRORFF cofl that has done so much for magneto-clectricity. The fnventlon won him o £10,000 prize, hesides many honors, and estabiished his position among scfentific people. But though he made agreat deal of money, RUnXKkoRrr, thanks to his Hberal benevolenco snd ald to students, died poor. —— Among military mon a fire In the rear is usu- ally considered as an embarrassing circumstance, and ono not at all to bodestred, Civll life, however, has recently furnished an instance wherein an opposite view was taken of theques- tlon. Down in Ohio a man and wife undertook aslefghride in the evening, and after driving around and smoking the mutual pipe for a fow hours they stopped nt the house of a friend, Jeaving the team hitched to the bucolic post. When they camo out of the house soon after- wards they were aurprised to tind the smolder- ing fragments of a dashboard,—all that was left of their atelgh,—aud the team of horses placldly standing where they had been left, Sparks from thelr pipes had Ignited the straw, Just what the ideas of the horacs wero during the conflagration in their immedlate nelehiborhood cannot be conjectured with certainty, but it iy probable that they regarded the fire as a kindly token of the approsch of spring weather. O —— The venerable political cconomlist, Hexry C. Caner, has sound ideas on the silver question. Speaking of tho Braxo %ill, recently, ho sald: That bill ahonld ba maintalned as it passed, Congress ahould 1nnist upon Its passagoe tu the last. 1f yold is colned fres, sllver should be colned free, Mr. Cangy regards currency reform as the vital question of tho day. Iis remedies for tho prescnt distresses of trade are remonctization of stiver and a natlonal paper currency which shall be *‘a full legal-tender for all debts, pub- 1te and private, not specifleally made payablo fn colned mionoy. Ho would have this currency convertible fnto bonds at the ontion of the holder, and rovertiblo in like manner. This to mive antomatic actlon ta thodnflow and outflow, but the umount of money sbould be unlimited, oxcept by demand. It shiould be issued directly to all who present the property sccurity, and all other paper currcocy should be steadily re- called.” —————— Tnr TRIDUNE hopos that, in putting up this little job of an investization on Mr. Iaves, Mistah CoNkLiNG I8 gulded only by a dosire to get at the truth, In his placc o mon of Jess lofty priuciples might conduct such adirty pleco of work on tho basls of o bargain, or, as the homoly phrase hath It, “chingy pour changy,'— the blue dog of an invostigation now for the vellow monkey of a Scnatorship in 1879. As the Democrats will have a majority fn the next Benate anyhow, 1t wiil make no difference even if Mr. CoNkLING should bo clected for another term, and as Mr. CONRLING coquetied with Mr, TILDEN just before tho -Elcctoral Commission Kot to work, hie woutd know the number of taps to give on tho window-panoin Gramercy Square, and tho sxact countersign, *inules,” or **usu- fruct,* or what uot, Wo shall keop an oyo on Mr. CONKLING. e ————— The National Observatory people have been struck with a brillfant {dea for obtalning con- venlent railroad timo all over the country. They will 1ay the United Btates out fo blocks of 810 miles wide, and all places {n each belt will have the same tlmie, an eveu hour. Chicago s the central polnt of auch a block, Chicago time will rule over into Towa and down rouud Tolede, aud whon the time fs changed it will chango by o round hour,~be 10 o’elock on one side of a fonco and 11 on the other. The convenience of having a saloon just across & boundary lne in n neighborhood where the ear- Iy-closing law is enforcod will be readily appar ent. —— The other wmorning the Now York Times, speaking of tho knaves aud corruptionlsts who, when it is proposcd to ruform the Civil ervice, bellow loudly that the first groat duty of the bour {s to savo the credit of the natlon, recalled the fact that during the War the sutiers and army contractora uscd to howl about saviug the Unlon In ke fashlon, ‘That verysame moruing in the Tribune JAy Gourp's Patroches implored the Republlcans not to wind what becama of tho oftices, Lut'to staud shouldor to shoulder, and bead oft tho ruthless repudiationists. ——— Mr. CnanpLER, since the Now Hampshire Couvention, 1 like the little boy who had the oew poenkolfo, and undertook to carve his initials in tho broad part of a mule. * You will uever be so good-looking as you were, my son," .sald his parent, when, aftor fourtcen hours' uf assidious attention, the good doctor had brought his patient to his senses; * you will ucver be so good-looking as you were, but you will hayea d—d sight more sonse, ! N ———— Hupnut's drug-stare is the rendezvous of the Now York Zerald's Intellectual dopartment at about 3:18 every morning,. and it is a spectacle calculated to fuspire the casual observer with revereuce for the ways of metropolitan journal- lsm tosee an cxhausted reporter as ho enters paut, *Tunder, byes, but I'm toired!" **Phwat wid, PATsey " ¢ Wid wroltin® cable speclals to thio Jlurlid, be jabers,” ——— We like the New York Sun very much, but eycn as there is a tradition that once Leacon Dana reminded Elder Jom Howakb that the ASun was not published for the exclusive pur- pose of advertisiog a cortalu pretty actress, so should we like to romind Deacon Dana that it should not bo published for the exclusive pur- posoof pufling the New York Tribune's bees- saloon, —— - Mra, Cmisitord, whose husband, son, and daughter wero couciliated full of buckshut by tho chivalry of Kemper County, bas got a clerk- ship fu tho Treasury Department, s0 that her datly bread is wafe till March 4, 1681, 1f the Democrats elect the pext Prestdent, however, wo suppose she will have to be sacrificed on the altar of coniliatiou. e ————— Whenever the orzan Ina faskionable church in New York whivh hns all the latest Jmprove. ments, fucluding u big debt, strikes up **The KiupaLLs srecoming,” all theleading inembers get up and swaroi over the pew-backs toward the door a8 If the sacred edifice was ou tre. e —— Owxx Munriiy, the Exclse Commissioner of New York, who ran away with part of the tunds of the departwent, has been expelled from Tamwauy Hall, - Let this be au awtul lesson to tnembers of that virtuous orgulzation rever to steal 80 swail & sum as §500,000, e —— ‘The fate of Mr. CuanoLen at Coucord, N, H., reminds us of the youth who eugaged fu slugle combat with AutEMUS WARD, When tho youth bad been borne howe upon o shutter his saga- dous wother looked at bl and sald, *1sce Thus, If | what {a the matter with you, my son. You have beon fooling with a thrashing-machine, thy son, You went in where the oats goes in and voy came out where the straw comes out, and you ot inn amoug them fron thingummlies, my son, and the hosscs trampted on you with thelr hufls, didn’t they, my soni" i ——— During the last thirty years 5,053,600 immf. grants have landed fn this country, most of whom have bocome cditors of the New York Herald or Aldermen of Now York. It louks ke a large figure, bt then thero is a pretty sc-, . wvere déain upon our populution in -the itom of-| - savings-bank Presidents, etc., that has to ba pe. paired. —— Col. ForN=Y, haviug gone abroad as corre- spondent of the Philadelphin Press, devotes a largo portion of one of his carly letters to an agonlzing plea that the United 'States should preservo & strict neutrality fn regard to the Eastern war. e ‘We hear a good deal about Mississtopl levces belng unfavorably regarded at the North. This may be due in a measure toa mistaken beliet in this part of the country that a Misalasippt leveo and a Kemper County matines are fden- itical. i—si Eucens Bneranpsox is described as ‘g young married man of finc abllitles, very re speetably connected, and moving fn the best so- clety of Rochestor.” Ho was paying tollerof a savings bank, and stole 80,000, ———— About the slzo of the Ebllcnullln/n Bishoprics controversy Is this: All the Bishopa-clect whom the standing commlittees will conflem decline, and all tho Bishops-elect whom they will reject accept. g ———— ‘The old trappers who saw tho muskrats put. ting storm-doors on their dwellings and Invest- Ing themselves In three-ply Ulsters must have Hed, or clse the muskrat's weather predictions are of the hit-and-miss description—espechally_ miss. — Qov. Ronineox, of New York, has pardoned out JAMES LEVY, 2 prisoncr convicted of clec tiou frauds, 1If Mr. Havas had dono this what would the Sun have sald—rather what wouldu't it —— Tt 18 not known whether wives are, in New York at least, focluded fn the happiness that an Amerlean cltizon 18 constitutionally entitied to pursue. —— Judging fromn tho reports in the Eastern pa. pers, the last Imported star nctres: JE3KA, {s & woman of very modj ———— - Mr. JaY GouLp's youne man has a very poor oplnlon of the West, but it I3 not nearly so poor an oplnfon as the West has of him, e e—. ‘Tha temperance wave, having climbed over the back countics, has at length reached St Louls n au exbdltsted condition, ————— Inclining his exuberant ear towards New Hampshirc last week, Mr. CuanpLea fancled that ho heard something drop. e . King HEroD was the first organtzer of a baby. show on record, and even his Laby-show wasu't © success. - —_—— What's in a name? Tha ferryboat Jay Gould I; the popular onc for desperate suicldes at New ork. T ——— PERSONAL, E. L. Godkin writes n lotter to the New York Tribune denonncing tha attempt to turn the Jandscape gardensrs out of New York in order to keep the politicians in. . 8peaker Lord, of the Maine Houso of Rep- resentatives, fa 30 years of age. Senator Hamlin was 28 and_Ronator Blalne 31 yearsof ago whea they wore elocted to the rame position. Dr. Stophen, tho Prussian Postmastor. General, does not belleve In Anglicizing his native tongue. In Introducing the telephone in bl office he baptized it *‘Fernspreacher''—*‘far- speakor, " - Two vory high authoritics on subjects con. nected with the insano have*dicd recently. Ons wae Dr. Zeiler, of Wurlemberg, and the other Dr. Plorre Bethler, of Parls, Director of the great Jose pltal at Bicotre. s The owner uf the Farnesina Palace, in Romo, s Spaniard, lutimates that tho famons Tiaphnel froscoes will hencaforth Lo closed to the public. e contands that tho Iabors for tho recti fication of tho Tiber, trosv g on the villa's grounds, endangers the palace’s foundatian, In a paper in the Fobruary Seribner, ro- citing *'The College Rank of Distingulehed Men," Mr. C. ¥, Thwing shows thp groundlessnces of tho oplnion that *¢valedictorlans aro never heard of aftor leaving collego, " by ahowlng that, In Americs, among the professors, the lawysr, and the clorgy: men, **the large majority of gradaates who have ‘becoma distinguished by the work of their lifo were in college scholars of the highest rank," Henry Ward Beecher is ciled as the most notablo excepr tion to this rule. Vietor Emmanuel was fortunate in having for his English poetess-laurcato #0 gifted s womsn as Mra. Browning. Sne was & resident of ¥lor enco during tho stormy period of 1850-'61, and * was a passionate partisan of Italian lberty, Beve «oral of her posms of this period are tributes to the Livoratar King. One celebrates bis entranco Into Florence In Aprl), 1860, It {an pity that she did notlive to sing hie entrance into Rome. In mme other she apodtrophizes him: O firat when the battlo:storm gathers, Uloyalof Liearts on the thruno, The marrisge of Mr, R. H. Dana, 84, and Miss Edith Longfollow took place at Cam+ bridgo on the 10th inst, Mies Edith fa the second dsughtor and fourth child. Onslow Longfellow, the oldeut, ta tho only one who, until now, had married. Tho youngest, Miss Annle, fs counted by ber friends famous for her wit repartee, and Miss Alice, the oldest daughter, riterof 1o mean power. Ernest, tho sscond son, 1s abrosd, The cogagement that was fulfilled to-day wat formally announced last winter, but the more lo* tuate frien o belleved that it existed soms tine before that date. President Eliot ostimates that the annnsl expenses of stadents at Harvard College may b claselfod an follows, tho long vacation belog es- cluded: Least amount, $400; ¢conomical, $015; woderate, $830; amplo, $1,303, A fow students, he says, keep thelr expenditare within $300, and 14 12 possible to do this without injury to gho healtt andwithout aufferlng of any sort, bat it requires an extrema occonomy at every point, snd thab faculty of making a llttle go & great way which nob many ypung men poesess. The great majority o students, whose parents are neither rich nor pooss spend from $030 L0 §850 & vear, Dr. Oowes, the naturalist of the Haydes Sarvey, doce not seem to carc for company. 00 the door of his oftice ot Washington ls the inscriy- ton; **Notico o Visltors—Bleasings brighten st tboy take heir Aight," and tho walls sre hungwith such nottoes as theses. ** Ezeunt Omnos," **H¢ wha robs me of my tima confers the charm of b persoual presence at the expenso of Sclence: **Freedom from interruption confers s pesce mind that religion csanot give," **Brovity i ibe soulof wit in visiting,* **Toe simple fact of 8 doot hea s certain suggestivencss." Indeed, the colles* 1iou 18 sa unique that people will often atay overd tzaln ta viels this lover of salitude, Queen Victoria has caused a commuuics tion to be addressed t0.1he Rov, Fraderick Beadods Canou uf Wells Catbedral, covgratulating bim o8 the fact of bis having completed his bundsedid ¥y Nor ars the Hoyal felicitations the oslf compliments which the vencrablo clorgymsn bst vecelved. A few days since, at thelr quarery meeting, the managers of the Soutbhampton 537 juge Bank passod a vote ol congratulstion 1o 134 roverend gentieman, who 1s the President of F bauk, and the sole survivor of the thirty-tbret originsl forndege who estabiished the institutios st Boutbampton, more than sixty yean llfl‘:" Among those founders were tho late Ewl Malmesbury, Lord Palmerston, Admiral sie Jost! Yorke, 8nd Sir George Kose, Bart. —Cobbetl's © Gsorge, Ross. The Csnon of -Wells bas outhiv them all. During vearly sixty-two yours hobs! been & manager of the bank; for a very large ou of the time ho hau besn ome of ils trusiesh snd for the last ten years be bas scrved as its A dent, reqularly taking bis turn unths the last B years in the cuuduct of its affalry, except Whes porideuce at his canonry at Sowmersetabilov.