Chicago Daily Tribune Newspaper, January 18, 1878, Page 4

The Tetbyne, TERMS OF SUBSCRIPTION. BY MAIL—IN ADVANCE—POSTAGE PREPAID. t ] Parts of & yesr. per Bunday Editlon: Tionble Sheet.... Brturday Edition, Tri-Weekly, one yen Fartaof ayear, per month. . per yer A B oPToer I ol ¥t Bpecimen coptes sent rree, oSire Tont-Omce address fa fail tnciading Siate aad unty. Ttemittances mag ba made elther by draft, aspres, Tost-Office order, or In registered letters, at onr rivk, TERMS TO CITY SURSCRIDERS, Daily, dellvered, Sunday excepterd, 25 cents per week. Datly, deilrered, Sundsy included, 0 cents ner wesk. Addrens THE THIBUNK COMPANY, Corner Madison and Dearbora-ste., Chicago, NIl Orders for the daliveryof Tnxz TeinuNxat Evanston, Eoglewsod, and Hyde Park left In the counting-foom wilirecelve mo Litersry TER CRICAQ0 TRIBUNK has estadllsded branch offices for the recelpt of subscriptions sod advertisements as Sollows; NEW YONR—NRoom 20 Tridune Dullding. I". T. Mo- Fapprx, Man; PARIS, Frauce: T Manven, Agent, LONDON, Eng.—American Exchange. 449 Strand, TxNary F, GiLtig, Agent. BAN FRANC Thentre. Randolph strect, between Clark and LaRall Engagement of Kilzabeth Von Stamwits. ** Messal MeVicker'n Thentre. Msdlson street. between Sta's and Dearborn. **Lost in London ™ and ** A Quiet Family.” Taveriy’s Theatre, Monroe sireet, cornerof Dearborn, Engagement of John A, Stevens. **Unknown." Colisenm Novolty Theatre, Clsrk street, between Washington and Randoiph. Vartety performance. FRIDAY, JANUARY 18, 1878, s ———— ) CHICAGO MARKET SUMMARY, ‘The Chicago prodaco markets wero falrly active yeeterday, with more strength In prosisions and further weakness In breadstuffe, Mess pork closed 6@10c per brl higher, at 810,85 for February and $10.073 for March. Lard closed 7%¢ por 100 1ba higgher, at 87.40D7.423; for Fehruary and §7.47% @7.50 for March. Meats were steonger, ot 4c for Lozxed shoulders and Stic for do ehart tibs. Whis- Xy was aull, ot $1.0334@1,04 per gullon, Flour waa tame. Whent cloied Ne¢ lowor, at 81.02% for Jonuary and $1,00%@1.09% for February. Corn cloned casler, at 30%c spot and 30%@30%c for Fehruary, Oats closod easler, at 2335¢ spot | snd seller February, Itye closed 2c lower, at 51c. Harley closed Yc lower, at Glc tor Fehruary, Hogn were active and strong, at 8$3.85@4.10, Cattle were dull and weak, with eaten of Inferlor to extra nt $2.00935.75. Bheep wero quiet and unchanged, 8t &3.00® 4.60. Tho stocks of hog wprodnct in this city Includo 131,555 brle pork, 21,074 fea lard, and 44,551,500 1ba moats. On pamsage for United Kingdom, 1,208,000 quartcrs wheat aud flour, snd 330,000 quarters corn. Inspocted Into store fn thia city yesterdoy morming: 170 cars wheat, 130 cara corn, U7 care oata, 20 cars rys, 02 cars barley. “‘T'otal, 458 cars, or 185,000 bu, Ono hundred collars In pold wonld buy £102.00 in * preenbacka at the close, Iiritlsh coneols wero quoted at 053 and ateriing exchango at $4.81%@ 4,84, ——— Greonbacks nt the New York Stock Ex- change yesterday closod at 99, See— Gen, Joun 8. WiLiama was yesterday olocted by tho Democratioc majority of the Kontucky Legislature as Unitod States Son- ator to succood Tuoas O. McCrreny, whoso term expirea March 4, 1879, In Maryland tho Domocratic cauens nominated Jaxes B, Grooue to sucgood Gronmoz R, Dexnis, whoso term oxpiros Maroh 7 ‘Those of tho peaple of Chicago who glory inthe fact that thoy firat saw tho light in Vermont wero reprosentod in largo numbers at tho reunion banquot Inst evening, which, from tho nccount given in nnother part of this paper, is seon to havo beon & most ox- ceptionally brilliant affair in ovory ‘senso—in tho charncter of tha attondance, tho bright. ness of the speoches, and in everything that goes to made s notable success, T — Eulogies upon the life and character of the late Orrvin P. MortoN woro yesterday delivored in tho United States Senate, and the political frionds and oppononts of tho groat deceasod vied with onch othor in ex- alting his character as o man.and a states- man, ‘Tho Sonato Chamber hos rarsly ro. sounded to the uttorance of panegyrics so fervid, and with good reason, for n similar oceaslon for unqualified praise has not often oceurred in the necrological annals of that body. e —— The voico of Miunesota on tho silver question is heard through the State Bonate, which yosterday, with but three nogative votes, pussed a resolution enlling for tho ro- peal of the Domonotization act of 1873 and tho restoration of silver to. the placo in our coluage system which it held prior to the Ppassago of that uet. In tho Jowa Leglsla. turo yesterday a bill was introdnced making silver a legal-tondor in that Htato for all debts, public and private, unlcss otherwise stipulatod Ly contract, Attorney-Goneral Devens bias declded that the existing laws governing the managomont of the Pacifio Railroads do not cover the points in the controvorsy in raferance to pro- rating betwoon the Kansas and Unfon Paclfie Companies, and that additional legislation will Lo necessary to scttlo tho question. ‘I'ho Unlou Paciflo claims this ns a victory, while the K. P. folks will bestir themsalves sharply to propare and push forward a bill embody- ing tho requircmonts not now cloarly sot forth. ‘Thocontost is an important ono, and ita issuo will bo awaited with interest by sav- eral railroads which complain bittorly of tho Policy enforcad by the Unton Pacific maouage. lxixncnt in refusing to pro-rato with branch ed. The speech of Queon Victomia ot the opening of Parllament and the debate which followed its delivery aro the leading topics of interest in connection with the war advices this wornfug. Her Majosty gaven brief his- tory of England's connection with the East- ern difticulty thus far, and stated that up to this time neither of the belligerents have in. fringed tho conditious upon which tho British policy of neutrality is founded, The possibility, howover, of a different phaso of the situation, requiring the armed interven. tion of England, was plainly adverted to, and confidence expressod that Yarlinment would promptly furnish the means to carry rBuch measures into execution, — | The last publio servico performed by the i Jato Bonator Montox was in Lis capaoity as & - meber of the Joint Congreusional Commit. too which visited the Paclfio Coast for the Purpase of fnvestigating the Chincse ques- }fiou, His individusl report, dissenting from ithe report of the Committee, was yoster- }day presonted in the Benate, aud a :.lynopulu of his conclusions is given rdn our Washington iy es this i morning. Mr. Montox was {mpressed vam Lhe conviction that any polisy looking to the oxclasian, or suppression; or discour- agement of Mongolian immigration was falso to tho spirit of American institations, and Lis viows on the subject, apponring in con- junction with an nccount of the vigorous monsures now being taken by the California nuthorities for the protection of the Chinese, will be read with profound interest through- out the country, The wool mannfacturers, dealers, and im- porters of New England havo concluded that the way to revive their business isto knock off the ologs that a protootive tariff has fostened upon it. Thoy have adopted a remorial asking Congress to grontly reduce, it not altogether romove, the duties on foroign wools ontering tnto tho fabrics maoufactured in America; that a number of materinls, not produced in this country, such as mohafr, camol's-hair, alpaces, ete., bo ndmitted free of daty; and that the tarifl on woolens be fixed nt & moderate rate correrponding with tho scale adopted on othor mannfacturcs. It is one of the hopefnl featuros of the times that American mnnu- facturera nre boginning to get their oyes opened fo tho fact that protection does not protect undor all circnmstances and con- ditions, and that thoy aro practically sgreed ng to the necessity of materially reducing tho tariff, An objection urged by Dr. Livpzaxax, the Direclor of the Mint, agninat the usa of the amalgam of gold and silver ealled goloid is based on the whiteness of tho compound, it being Impoasfblo with tho cye to porceive the slightest differonce in color betweoa pure silver and slver highly impregnatod with gold. As the detection of spurious pure. silver coins counterfeiting tho appearanco of far .more valnable goloid coins would be practically impossible among tho peo- plo, this objection is held to be fatal to the wuse of the combina- tion. The House Committea on. Colnage, ‘Welghts, and Moasures yestordsy cxamiued this mattor, and probably little moro will bo Leard of goloid. Six million dollara’ worth of “nickels " have boon coined, and Lin- DERMAN i3 opposed to redesming them in sil- ver becauso they are redeemnbla in groon- backs, wherofore this bullion.honded Lifht of tho world, who probably did so much to domonotizo sitvar, is afraid of chonting the honest holders of our glorions country's very ugliest miutagoe by issuing silver 1n its stead. — A TALE ABOUT MAINTAINING THE FUB- CREDIT, L0 3 All tho official class who have espounsed tho cnuse of the Shylocks are in the babit of in. sisting upon resumption in gold alone for the renson, ns thoy aesort, that it is only in this way tliat the **Natlonal Credit " ean be main- tainod. When thoy have entered wpon o dincussion of tho wubject, ns did President Havzs in his messngo and Becrotary Smez. aax in his report, thoy have committed tho most egreglous blunders, A fair snmplo of theso bLlundors was the statemont that the romonetizatiod of the silver dollar would de- feat tho rofunding of tho natlonal debt at o lower rate of interest than tho 5.208, which would fmply that silver, a3 s logal-tonder moncy, would command o larger interost than gold! 'Tho answer was_that, if the condition of the monoy-markot enabled a Govornmant in good eredit to borrow gold ot 4 por cont, or oxchange 4 per cont gold bonds for G or 6 por cout gold bonds suhjeot to call, then tho same coudition would enablo the samo Governmont to borrow silver at 4 por cont, or oxchange 4 per cont sflver bonds for & or G per cont silver bonds subfoct to call. Allthat romains for the gold men to say, thon, is that the remonotization of silver will so0 far impair tha publio aredit (tho bonds thon becoming payable in sllver as well ag gold) that it will no longer be pos. siblo to borrow money at a8 low a rato of intorest as boforo, This isn mere assertion, and it s well enough to inquire how much ground thero s for making it. Tha creditof a nation dopends ontiraly npou the ability and willingness of the peopls to pay ils obligations, A nation cannot bo suod for ita dobts; it puts np no secnritien which tho creditors can soll ont in case of dofault; it has no bills recolvabla, oxcept the lax-lovy, which, under our form of Gov- ornmont, i3 made by the peopls themeolves through thewr reprosontatives solected by themsolves; its resources aro the resources of tho country nt large, and tho paymont of it dobts ia purely a matter of voluntary good faith. Every estimato of tho enduring credit of a natlon, then, nust of necessity depend upon ability and willingness of tho people to pay tho debt contracted undor tho namo of Governmont. 1. As to tho ability to pay, It rests primarily nnd fundamentally upon the prosperity of the people. Thon the influ. once of silver remonetizationupon the publio credit will be determined by the fufluence of silver remonotization upon tho prospority of tho people. The oxperience of tho past four yoars, nud all scientifio rosoarch as to the futuro status of gold, demonstrato that, onagold Lase alone, tho buainess of the country must bo done with monoy that has a conatantly incrensing purchasing valuo. That {8 to say, all the mining, all the agrl. cultural, all tho producing, all the manufac- turing, all the transportation, ell the mer. cantilo, all tho Lanking busincus of the coun. try inust be done, it onu gold basls, on o fulling market. This moans coustant loss, coutracted production, retrenclied cousump. tion, loss employment, smallor wages, un. cortoin profits, decline fn prices and a stendy sbrinkage in sll property values, failure of confidenco, and enhancoment of dobts, 'Iho logical effcot moeds mo other domoustration than the present prostrato conditfon of the country after passing through four years of this rolontloas ms. sault on prices, A steady enlargemont of the dollar—or any other agroed unit, weasure, and cquivalent of values—monns a steady coutraction of tho volume of business, a steady impairment of all property valucs, and a porpetual decline in goneral prospor. ity. ‘I'his {8 tho certain prowmise of tho sin. glo gold basis, but is 1t & special and desir- able preparation for the payment of a public debt? Has not & comparatively brief era of bard times brought an immense shrinkage in the contributions to the support of the Gov- ernment? 1lavo not the roveuues fallen off very seriously? The answer will be found in an inspoction of the yield from both im- port aud internal revenue duties. In 1873, the yoar beforo the panic, the tariff yielded $216,870,280, and the total revenuo was $304,004,200. Last year, ending July 1, 1877, the recelpts from the tariff were only 8130,950,493, and the total revenue was only §268,694,610. 'Thus, since tho silver dollar baa been demonetized and tho single gold standard of contraction basbeen adopted, tho Govorument rovenues have shriveled up nearly $100,000,000 a year! Is this the best and wisest way to improvo the public credit? Further impoverishwment of the people “will increaso thiy loss In Government ro. . THE C}IlCAGb TRIBUN ! FRIDAY. JANUARY 18, 1878, sources in geomotrical progression, A con. dition of impecuniosity, despondency, and revolt may bo brought on that will prompt 8 bankrupt people to eclect ropresentatives who will cut down taxes to tho bare noces- sities of the Governmont forourrent expenses on a reduced scale, It {s only n quostion of timo, under a procesa of constant fmpairment of values, when the peopla will bo literally unable to pay the taxes which alone assure “the paymont of interest or roduction of the principal of tho national debt. What will bo the ocondition of the natlonal eredit then? 2. As to the willingness of the people to pay. It doponds mainly on the ability to pay. A prosperous people is nover inclined to repudinte, in whole or in part, any nn. tional obligation. Even under a popular form of Government, where the peoplo have nlways hnd it in their own hands to deter- ine the manner In which the public cred- itora shnll be treated, prosperity haa always suggested liberality. ‘The masa of the pub. lo debt was incurred at a timo when the greenbacks advanced to tho Government were worth ounly from 40 to 60 per cont, ond tho dobt thns contracted was made payable in greenbaoks (** lawful money ") in tho terma of the contract. - Yo, in 1869, the mombers of Congress, governcd by the popu- lar voto of 1868, voluntarily changod the con- tract and made tho publis dobt pnyable in coin, thereby appreciating it 256 or30 per cont over tho thon existing valno of green. backs, and from 40 to G0 por cent over tho consideration originally paid by the bond. Lolders, Iiut the country wns prosperous and the people wero magnanimous, But the bondholdors were not satisfied with this gonerosity, A fow yearsInter they, or some clique for them, tnok ndvantage of tho non-crculation of cithor gold or silver, andof the public apathy asto spocie which was naturally incident to this condition, to eliminata silver from tho monotary systom, and thoroby make all debts, publio and pri- vato, payablo in one metal instesd of two, and that the scarcer and dearor, growing atill gearcer and dearer from year to year, Tho peoplo never consentod to thia scoun- drelism, What influonce havo outrages and swindles liko this on tho willingness of the poople to keop falth with tho publia credit- ora? Thoy will begin by saylng : * Wo can novor pay thia debt in dear gold,~wo can't oven poy the interest in gold nlone.” They will followit up by saying: *Wonoveragroed fo pay the debt in gold alone, nod wo nre not legally or mornlly required to fulfill an opprossive condition thus froudulently and furtively foroed upon us.” They will con- tinue by saying: **All the consideration given for thoso bonds originally wero greon. backs worth from 40 to G0 conts on the dol- lar, and we have paid gold intorest thercon theso many years.” Thoy will bo in a frame of mind to conclude in the words of Jomx SneaMAN & fow yoars ago: *If the bond- holder rofuses to take the samo kind of money with which ho bought the bonds, he is an oxtortioner nnd repudiator.,” This will bo the process of popular ratiocination nader tho influonce of an incrossing dollar, It was only a week or so ago that tho Chieago Times—which is ono of tho most persistont advacatos for tho growing gold dollar—said boldly that *thero aro circumstancos which Justify tho ropudiation of debts, both public afd private," and cited inability to pay to bo chiof among those rensons. It s to this point to which the money-londers and bond- holders, in the Llindness of thoir groed, aro lending tho pooplo of tho Unitod States, upon whom the payment or ropudiation of tho national debt ultimately dependa, ‘Thus tho outery that silver romonetization will impair tho national credit may provo to bo like the alarm of *“Wolf! wolf!" given Dy tho boy in the fable. It s falso and de- ceptive, and it may bo nsed as o bugbear till the reality of ropudiation shall como upon them and find tho avariclous, grasping bond- holdors unpreparod for it, though they will havo brought it about by their own rolfieh scheming. The course they inslst upon fan direct road to universal bankruptoy of the business classos, and, as the people leave prosperity bohind thom and face Lard times and hunger, thoy approach a frame of mind aud a condition of rosources that will onablo them to ocontemplate a system of acaling without & qualm of romorse. The way to maintain the public eredit is to stop cnhane- ing tho value of monoy, and to enter upon a restoration of decent pricos; nnd it ls osdontial to the reatoration of proporty val. uos to abandon the gold standard that {s des- tined to increass m its purchasing powor, sud thus steadily impair values, contract production, limit consumption, cut down labor, roduce wages, aud entail goneral pov. erty and suffering upon the people, — BAMUEL BOWLES, The veteran oditor of the Hpringfield (Masa.) Republican hos passed away. For woeks past his death, which ooccurred on ‘Wednesday ovening, has boen expectod, and yot his loss to journalism and to tho manly, indopendent thought of the nation will bo nonoe tho less soveroly folt. Bora in 1826, Lis whole life from carly manhood bas been spont in the arduous toil incident to editing and publishing a nowspapor in & small Now England city, and such Laa been his untiring onergy, his keen, dlscriminating judgment for local and goneral nows, and his discus. slons of grost national questions have been #0 broad, able, and just that his paper for yoars occupiod & leading position mmong tho journals of tho Atlantic sosboard. No jonrnal in the United States has bosn more froquently jquoted, or ita opinions treated with woro respect, both by frionds and foes. Thet ho should bLave accownplished 80 much amid such limited surroundingy, and givon his paper a leading position and a national reputation, has long boeon a matter of surprise to those who have watchod the course of public opinion on the leading questions of tha day, Iis marked success, with Doston with all its woalth and population only o huudred miles awsy on tho one side aud Now York on the other, shows that tho people wili have tho bost, withiout any rofcronce to the place from which it comes. Physically, My, BowLrs was nota strong man, Yifteen years ago his shattered health forced bim to soek rest nad recreation in Europe, and ho was obliged to cross the At- lantio soveral times, In 1865 ho 1ado an extendod tour with Vice-President CoLrax and two other friends to California and Qregon, and agaln in 1869, and subsequently be made several trips to tho Rooky Mount. sins. His groat work, * Oui New West," gives the most comprehensive, accurate, and valuablo description of the vast country be- tween the Missouri River end the Pucifio Coast that was ever wrilten, as the tens of thousands gcattered all over the country sbundantly testify. Hls life would have boen woll spont had he done nothing clse. During all these yeara Mr. Blwizs bad been training some choice young men o carefully and thoroughly for cditoriul life that his absonco was scarcoly missed. rank of Amerienn jonrnalism. Mr. Bowwes leaves an estimable lady and quite a large family, who will feel most bit. Ho was of terly .thoir frroparable loss. modinm hoight and rather slender form; but Lis Lrosd, commanding brow, mouth firmly not, and Anshing black oycs, at once marked him as n moan of powor. Hia long editorial life and careful study of nll tho facts in politics, scienes, religion, and literaturo that could make n sparkling, val- unble newspapor to all classes of renders, gnvo hiny n most cordial welcomo among the Iis knowledgo never seomod at fault, his wit always sharp ablest minds of the nation. and incisive, and, withal, his bright, social nature, when not depressed by discase, madoe Lim a most gonfal companion wherever his lot was cast. o naver deserted a friend, and, if convineed ho was right, ho never sparcd an enemy. Those who knew him bost respeoted and honored him most. For all shams and overything mean and dishon. est Lo lind only contemph, denunciation, and Heuco the secrot of his success ridicule. and hig position in tho vory front rank of American journalists. Tis placo can only bo filled by thoso who with oqual ability, ster. ling honesty, and unbending onorgy devote themsalves to a lifo of gonuine hard work, His profession do and tho nntion should honor his memory. SHERMAN'S GOLD-CLIPPING AND SILVER- DEMONETIZATION SCHEME, Yosterday wo printed libern! oxtracts from # writton roport mado in 1808 by Senator Snenwan from the Sonate Committeo on Financo 1n favor of a bill to roduco the woight of gold in all tho go!d coins of tho United Btates 8§ per cent, and to make gold coins worth only 96} conts on tho dollar un- limited legnl-tender for tho payment of all private, municipal, and corporato dobts, but excopting such coin from tho payment of tho public dobts, because to do so would bo dishonorable, nnd bocauso that debt was too large and the shavo would amount to too much. Tho same Lill proposed to demonetizo tho silver dollar, in oxpoctation that all othor countries wounld do tho same, and to make all subsidiary silvor coin alegal-teader to tho amount of 310, We gava yesterdsy the nrgumont thon em. ployed by Benator, now Becretary, Snznuax, in fovor of scaling dobts 3} ‘par cont, by clipping all the gold coin to that oxtent. ‘That bill was opposed in comnitteo by Sona- tor Moraax, of New York, who made o written roport iu which he opposed tho de- monotization of silver, especially of the silver dollar, and opposed also tho reduction in the waight and valua of the gold colnsgoe of tho country. The report of Sonator Monaan thus discussed tho bill : ‘The reduction which this measnre would effect 1n the present Jogai standard valuo of the gold coln of tho United States would be at ths rato of three und a half dollars on the hundred, and the ree ductton In tho legal valuo of our silver colaugo would be atill mora conslderable, A chiange in our national coinage so grave as thiat propused by the bill whould be tnade only aftor the most watute deliberation, The circulating medlum 1s o inatter that directly concerns the aflaira of cvery-day Ifo, sffecting not only the varled, intricato, and innltiforns intercatd of the peopla ot home to the minutest detail, but tho re- atlons of the nation with all other countrics an well. Tne United Stotes hne o poculinr intorast i suciia quottion. It fau principal producer of tio metals, and ity goographical position, most favor- able in viow of hapunding commercial changes, renders 1t wise that we ahould be in no Aurry (o JSetter ourselves by any mew international regula- tlons basud on an order of things belonging ewsen- tally to the past. Anteccdent to any action by ::lc.yluurku on this subject, we should carofully con- slder: 1. Tho effect which the prosent abnndant pro- duction of tho ‘lfc:lflfll metals, capeclaily of falu. and tho probablo Increase in tho supply, ae mining facilitios aro Improved and moro goneraily opniled, vo wpon the purchasing powerof thesd 2 The questlon of wreserving such a relation between gold and ailver as will retain the latier snetul In srea clreulution, and continuance of the cuinago of such denominutioun of sllver as will en- courage American commerce with Mexico and with South Amorica and Aslatic uations. U, The advixability of further gngflhr discusslon of the subject, to tho end that the business as well us general publle shall rully understund on what roundeso fmportanta roduction in the valus of our monutary unit the dollar (allver) ia bascd, and the further advocacy of our awn, 80 that, sbould uny uxisting system be accepted, ours shoald o more fully consldered In that connection, After roferring to other efforts at former dates to induco tho United Btates to change ita monotary syatom, tho report continuga ; uuuurfilnn a8 o commercial nation makes it radent that on this, 88 on every questlon affect- rnu Lomo lutotole, we should remain Sree o mold our policy lo meel occuslona «s they arise, follow. fug wuch courso ss shail appear best suitud to do- selop our great, alnust liuitiess, natural resuits, fucreasing by gontle meaus the siream of com- marce, but forcing nothing, rathor than to hampor oursslves by Interuational vogagemonta or urbitrary regulations. An error now in Afl.mw the values of goid and sil- ser would tnjurs the nation sar more than any other, 'Wo tnny sufuly trust io th nral laws of cummorca for thu currection of any uvils from which wo may huve sullered. We linve puld our selgnorage, wa iuve mut the demaud for forelgn excliango, but who mhall say that the coures of trado i the text ten years niay not make an Atner- ican city, New York or San Frunclsco, the contro of exchange, aud confor upun ue the sdvautayes no long njoyed by Europoan capitai? Cortalnly no wtlier uatlon cun so well atford to walt, Gov. Monoax then discussed (1868) thoindi. ontions of a largoe incroase in the production of gold laving a teudonoy to cheapon the motal, o thon proceeds: Tho Amorican contlnont, too, produces four- Afthe of the wilvor of commcred, The wines of Nevada have already taken bighi rank, sud Mexico alune supplies more than baft the world's yrand total, - Qur relations with the aitver-producing people, geographically most favurable, aro othar- ‘Wise Inthnate. Maulfestly our busiuess fotere o With them can be lureely incroused, & fuct wepecially truo of Mexico, which, for woll-knowy itical reasons, veuke the {rivndliest understand. og. K’ho Pacific Railway will npen to us the trade of Clitna, Jupan, Iudls, and other Orlental countries, of Whose praposseasions we must Kot lose sight, For years silver, for reasons not fully understood, hos the object of uuuwus! dumsud wmong hees Astulic nations, and now forums tha slnost universal mediun of circulation, absorblng rapidly the ativer of oluego, The urroneous propurtion fized between allver aud gold by France, snd which we are now asked to Au]x{. v denuding that couniry of the former wetal, Our own_ monetary systeu, though less faulty, Is uot suitubly ade Justedin this cesvuct. "I'o silver dollar, for Instance, a favorito coln of the native Indian and distant Aslatic, s well-uigh disappearod frum domestic circulation, to reappear among the Eastern fuopics, with whouw wo tiore than ever suck closo intioiscy. Asthey profor this plece, we would do well to incredss ruther thun discontinue ls colnage, for we wust not denriva vurselves of he sdvautagcs which its agency will afford, aud it would be uscless to wend dollars to Asia 1nferior in weight and value to its well-kuown Bpautah and Moxicai prototype, Mr. RucoLks suys that’ nearly ali the silver colned in the United Btates prior to 1838 Loy diu- appeared. A remiedy b0 nob to be found in the adoption of a systens that undercalies this metal, Jor that commadity, hie auy othier, shuus the wnarket, when not taken at its full vaiuo, to find the wory valusble voe, J¢ 1o a Sacorits melal, enter= iugy into ull franiaciions of duily Wfe, and de- serces recognltion la any monslary aystem, This report of Gov, MonaaN scemed to ‘have tho eflect of killivg the bill, which way nover after considered. Wo submit that all the reasons then given why the silver dollar should not be demono. tized nre as spplicable now as reasons why tho silver dollar should be remonetized. ‘The commercial relations of the United States, if they aro to bo enlarged and ex. tendod, s it is hoped they will be, must find tlat increase among the silver-using nations of tho world. By demonetizing mlver wo ro. foct trado rolations with silver-producing na. tions like Mexico, and with silver-using na. tions, which number two-thirds of those of the huwman family that deal with foreiguers, ‘We are u silver-produciog nation, and, uutil silver was demonetizod, a silver-using nation, 3ad not that ill-advised act been passed, the His eldest son, who boars honorably his father's namo, is now the publisher of the Republic- an, and a1 yonrs and expoerfence inereasa ho will doubtless kecp the paper in tho front colnage of silver dollars would liave beon, sinco 1875, very large. It would now be in genorl circnlation. There would have been a market in this country for an nmount of silver equal to one-third of all tho surplus silvor of Gormany. 'That surplus would have been exhausted bofore this time, nnd tha silver dollar, being s legal-tender, wonld now bo worth intrinsically ns much ns tho gold dollar. Bilver being demonetized, gold Lias o value as money which ¢ would not otherwlae have wera it not the excluelye mo- tallic money! Evory silver dollar, a legal- tonder, coined, is nn addition to the stock of motallic monoy, nud to that extent provonts nany incronse in the value of the moncy bs. causo of ita scarcity. In 1808 the mensnre to roduce the gold coin, by clipping $8.50 on tho $100, was crushod, A3 waa the schomo to demonetize silver, Bubsequently, Mr, Smeratan took the other sido ; ho proposed to Incronse the value of the gold dollar by reduoing the quantity of metallic money one-half, and making the gold tho exclusive monoy of the country. All the sympathy expressed by him in his report in 1808 in bohalf of the debtor class, driven to ruin and bankruptey by forcing thom to pay dobtsin dollars of tho costly gold and silver coins of the United States, was forgotten, and he is now, as an Exccn- tivo oflicer, Inboring with Congress to with- Lold from the pooplo tha silver dollar, and compel thom to pny their debts in gold coin which bos o purchasing power 80 per cent greater than the coin he proposed to clip in 1868, THE TARIFFVILLE DISASTER. Tho torriblo disaster on the Connectiout ‘Westorn Rond Inst Tuesday night in nearly oll ita dotails is & repotition of tho horrors of Ashtabula. The only essentinl differences aro that the Ashtabula train was a regular train carrying through passengors and tho Connecticut train an oxcursion train carry- ing people back to thelr homes from Iart. ford, whore they had boen attending one of Moopy and Sanxex’s rovival meetings, snd that the foarful cloment of flre was fortu. nately wanting in the Conneoticut disaster, olso the loss of lifo would have beon still grenter. The othor features, however, aro slmilar, Tho bridgs wns of the samo pat- tern and of about tho same length, The enginoe of the Ashiabula train succeoded in cloariug tho wrock; also tho firat engine of tho Connooticut traln. In tho samo monner the cars went crashiug through the bridge and were precipitated upon each other in the chasm bolow, hurling tho vietimainto the ley wator oud burying them under the shatterod frngmonts of the coachos. Dy an interposi- tion well nigh miraculous, neither the lamps nor tho stoves sot fire to the wreok, and thus those who oscapod with life or with injuries, howover severe, were savod the terriblo death by fire which would have overtaken many more bofore Lelp could have coma to them in tho darknoess and confusion. The cause of the accldent will of courso bo officially dotermined after due investigation by tho jury of inquest. In this instanco, at loast, it cannot with any consistoncy Lo attributed to an interposition of Divine Providence, ex- copt in that gonoral way that the Almighty overrales all that happons in this world, and does not interfore to prevent the comso. quences of human folly, or racklessnoss, or disrogard of natural laws. Thero is avi- donco in thia case, if tho roports bo truo, to show that human carelessness, it not recklessnoss, was ono of the cansea of this disastor. Our spocial dispateh intimatos that the officars of the Company had boen warned that the bridge was unsafe. If this should Lo so, then cor. talnly it was rockloss to allow any train to pass over it at oll, and it was criminally rockless to send an unususlly Loavy train over it, drawn by two enginea. Tho Associ. oted Pross ncoount differs from this, but it ocortainly presonts some circumstances which domand {nvestigation, It ia stated by the railroad men that tho bridge was n Howe truss with two spous, cach 163 feet inlength, olevated about ten fost above tho river at ita prosent stage. The timbers are pronounced to have been sound whore they were hroken, and it i thereforo supposed that the support- ing iron columns broke, causing the timbers to sunp, Tho statement of ono witness is to tho offoot that Lio stood at the "Tariffville depot, and, mnoticlng the makeup of tho train as it left, waited In sus. pense to see whother it would get safoly acrosa the trestle work, and s ho was waiting heard the crash, and even tho railroad men agreo that the accident was caused by tho wolght of two engines passing over at tho snme timo, But why was not the Lridge made strong ouough for thoe pas- #0go of a train and two englnes? It should not havo been on unusually hoeavy weight, It the bridge was only strong enough for ono engino at a time, then two should not have beon allowed to crosa it at the samo timo, Inasmuch, howevor, as two ongines aro )a. ble to be noeded upon specinl excursion tralns, and at times in winter whon the track {8 hoavy with snow, the bridge should have been built with this contingency in viow, ‘Thero aro cortaluly suflicient grounds in this evidence to warrant the jury in making a thorough investigation of all the ciroum. stanges connvoted with the construction of this bridge, with the viow of ascertaining, first, whother thers was any yadical . defoet in tho manner of construction, and, second, whethor the bridge was strong onough to hold such woight as was lisble at any time to ho placed on it. It is n old, old story, this of broken bridges, shatterod trains, and dend and mangled men and women, and thus far in tho railroad history of the country the reaponsibility has besn relegated either to Divine Providence or to & combination of natural causes which could not be foresoon, and, asthe publio horror at the time grad. nally wubsided, the public mind accepted theso ngsatisfactory reasons for the disastors, If thero bo any accountability in this case it shonll bo ascertained, and thoso account. able should be puulshied, as it may save human lifo in future. fell off proportionately. In 1853 the woight of the fractional sllver coins was reduced and those coins circulated as carrency. Tho silver dollar, however, rotalned its fall value, Inrgoly in excess of gold, nnd, being the desror dollar, was not coined extansively, In 1873 it was abolished, just in advanca of the timo when it would have again come into general uso, range widely, the lowest estimate Deling g4y and the highest $2,500, tho firat betng that of y poor student who supported himself 230y, chaole duriog the sumnser vacation, and thy i ter represcnting the expenditures of the 200 & wealthy family, and including the Keevlng o 8 horse, ao expensive summer Jouruey, and ball subscrlptions, and various charitat)y cuntributivns, Prult(entl-:ltlofclnulflos,iimu,. olty cxpenscs as follows: Least, $400; Ceonon,. leal, $618; moderate, $330; ample, $1,305. py, for all his figuring, he fatls to m-konnm,' polnt in favor of bis Institution, ‘There many first-class colleges and univeraities Ity country where young men can live comfortalyy on $300 a year. Sr—— ‘The Headless Bpectre of the Brazos was ro- cently fnterviewed by & Texan reporter. The last rays of the setting sun were touching the Erassy tops of thae low eminences that lle atong the south bank of tho Brazos River, and gilded the tops of the lofty dark-hued poplars that loomed up from the belt of timber and tho swamp that—but to ourtale. On the corner of 4 gentle declivity in the foreground, and a few hundred yrrde from where s solitary harseman (tho reporter) had paused, stood one of the fine, lofty, and clegant mansfons builit by the aristocracy of the South in the days of stavery, when——but to thestory. There was nosign of any living thingabout this magnificent manston; an air of desolation, like that which sat upon the ruined palaces of Babylon—, He had two teautiful daughters, ANNIE and Awicg, true types of the warm, handsome, voluptuous Southern beauty, but—., Who tho murderer was remains to this day & mystery, Such tas the tragic end of—, Supernatural sounds, the strange midnight creaking of the doors securely locked, the bangloz of windows strougly fastencd, mysterious thumplngs, as of unseen fingers on the walls, and—. Horror of hor- rors! the lean whitospectre of n woman withie out a head flonting aloug the corridors with n —. The lnst secn of the reporter was when Lie wasspeeding across the deserted garden at the rate of 2:153, leaving foot-prints no less than four yards apart, while the melancholy mur- murings of the poplar-trees added wings to his wild fight. ——— . The ery trom Macedonfa has now almost o & year been ringlug in the ears of LEngland, o though ofliclally stic has pretended not to hary heard It, the thiue bas come when deafnesy @ be no longer simulated, A definite reply mog ba made. ] ——— The gentlemen having n charge the ente: priso of erccting a monument to the late Sep ator MonrToN have decfded upon making 4| special effort to obtaln subscriptions on they of February, | Mtss 8uita—the Mive S3tiTn—although ano tazpaylug resident of Connecticut, may e sals ly classed as a Weston girl. She walks m miles nearly every day. f Hlaa the Prince of Darkness anv connectin with the proposed colored baby-show? | ‘The Queen's speech fs silver, but her allengy 1s goading, PERSONAL., Ex.Secrotary Brisiow Is to bo given a dia, nar by bis admirers In Doston at an eatly day. The will of tho late James Clemens, of 5, Louls, disposes of property valued at $3, 000,00, | ——— To the Editor of The Tridune, MuLznsnuna, Mercer Co., lil., Jan, 16, —Wi1 you please anawer in the Tii-\WekKLY which lssue or fssucs or colnage of silver was demonetizod; wero there any smaller pleces of coin silver a legal fender for more than In aid of what or for what purpose was the subsidiary wilver colned; aw many urains pore silver does it contaln; of the old sflver dollar of {1253 graine was ot Is there Aoy lors colnaga than the 31 ploce: la the 41215 dollar a legal-tondor to any smount? J. D. Stnarron, The act ot Feb. 12, 1573, discontinued the colnage of the old silvor dollar, and the Revisad Btatutes completed the work by depriving it of its full legal-tender character. Tho subsidiary silver dimes, quarters, and balt-dollars were colned for the convenlenco of the publie. A dollar of subsidiary silver colns contains 884 arafus of silver, nine-tenths fino, or 845.0 gralns of pure sllver, Befora 1853 the fractional silver coins were of full welght, In comparison with the sllver dollar, and were equally with {t full legal-tender. In that year the subsidiary siiver colus were made light weight, ‘The old sliver dollar of 413%¢ cralns is legal-tonder Nke tho subsidiary sllver for $5. —— To the Editor of The Tribune, Cmicaao, Jan. 17.—1 natlced Ina late fsauo of Tim TRISUNE & roferenco wndo toa cartoon by Nast n Harper's Iveekly reproscnting STANLEY MatTiizws ue a pawnbroker returning a silver watch for a gold one. The polnt was 8o poorly taken o wayfaring man, though & fool, need not have been deceived thereby: but In view of the animus it shows againsteflyer, I think the Inclosed cartoon by the ssme man, from the anme paper, la interesting, as it linke ?o‘d and ailver togather na tho Mt Ararat of gllhl c mafety, and that, too, as Inte as Jun. U, 1675, \hat hae'changed Nast and dtarpar's Weekly since then? Inquinzn, Tho cartoon raferred to by tho writer occu- ples tho firat pago of Harper's Weekly of Jan. 9, 1675, and represents the ark of State floating towards o distant peak, just showing above the watcry waste, on which fs foseribed A Sound 8pecle Basta—GoLp AND BiLvEn,"” while above gleams tho bright rainbow of * Our Crodit.” To the question of our correspoudent we reply that it is casy to tcl what has changed Nasr, but the devious ways of Harper's Weerly are past dnding out. e — Thot sorightly corrcapondent, *Qrace Greouwood,” wroto a parablo afewdays ago— a political parable. It was sbout s nice, ami- able, motherly grimalkin, who, while engazed in suckling a floe litter of kittens, was sct upon by o hungry 'coon of the ncizhborhood which fmperiously demanded sustenance. The cat, instead of repelling the allen animal, recofved him kindly, but the kittens cyed him askance, and growled and arched thelr weak splues and bristled thelr small tafls. Henco, to sccure peace and homerule, tho 'coon finally seized poor pussy by the neck and bore er off to his den, whera ha regularly dratned her of concflia- tion dally, while the luckless kittens began to * peak and pine,” staggering about with petu- laut plaints and protests, snd holding futile lit- tlo cancuses belind tho ssh-barrel, Moral: Coxguing, CuaNDLER, andotherkittens should not quarrel with tholr supper. —————e—— De lunatieo inquirendo may e a good remedy for uld men who marry young widows, but it is no less fitted, as a logal restraint, for certaln raverend prophets whu are continually prophe- sying valn things. A writ wight proporly bo fasucd ugainst the Rev. Josmen WiLp, of the Unlon Congregational Church of Brookiyn, on thy basls of & sermon preached by him last Bunduy, in which Lo proved to Lisown satis- faction that the Ark of the Covenant mentioned futhe Uible was now buricd fu some of tho mounds of Tara, fu the County of Meath, in the northern part of Ireland, According to his arguinent, the lnmenting scer Jengs1AL, when driven out of Egypt, saflcd to Ircland, taking tho Kilog's dsughter, the aforesald Ark, and JAcou's Pillar, which latter article (s now pre. served fu Westmlnster Abboy us the coronation stone. awatded in a Philade!phia baby-show to the liand. aomeat mother. Convention o letter favaring the conferring oy ‘women of the right to vote, Dr. Max von Pettonkofer will have g article In the Popular Sclence Monthly for February on the ** Ilygieulc Influence of Jouse-Flants," which Mrs, Tlanaford left some months sgo pros pers under the mulstry of the Kev, Dr, lan, zell. Marthn Angell Dorsott last week waa ad woman who hos ever mads application fn ths State, ure before o retiglous nudience In Pennsylvanis, subject? Mr, Bwinburdd recognizos in Georgo Eliot atypo of intelligence vivifled and colored byy veln of gentus; fu Charlotto Dronte o type of Renlua directed nod molded by the touch of fa. telligence, Mr, David M. Stono, of the New York Journal of Commerce, who walked out of D Bcudder's Church when Kimball attempted to (o duce the congregation to pay the church debt, bu slnca relented and given 81,000 to the fund, The wcomes of tho Jeading. surgeons in London are enormons, Sir Menry Thompson pere forms the operation of iithotomy ninety times s year, on an average, His fees 1ange from 2001 500 gulneas, and smount to about $150,000 per sunom, The Washington Post says that the vener able Gen. James Shicids, of Missourl, is very poor ~—that any other natlon would delfght to havo ey a citixen, but hero, after Afty years of varled serr. fce, ho nctually e in want, at times, of th ordinary necessaries of 1ifa, been very gay and pretty, In spite of the storm of wind and raln In which It occurred. The beide s aoscribed as & whito wonder of loveliness as she entorod the church leaning on the arm of her dii- Unguished father. The poat gave a dianer pary aftor the recoption to the young friendsof his son: {o-law, Col. Robert Ingersoll answored thus a re porter who asked hlm, the other day, it he be* lleved In 1o heresfter: **1donotknow, lim aboard of a greatsllp, Idonot know what port aha loft, or whithor sheis bound. Hhe mayge down with ail on board, or sho may ' rosch some aunny port. 1do not know. It 18210 moreatraogs that men should livo agaln than that they have Uved.™ Mr, H. J. Montague, of Wallack's Theatre, has bought for 83,000, £:om J, Stecls Mackaye, the English right to **Won at Last." Wallack's The: atre has paid Mr, Mackays another $3,000 for the neo of the play there, Deyond thls, It has bees bought for Callfornia on advantageous terms to the anthor, Mr, R, M. Pleld has boen negotiatlng for Boston, ana, altogether, it s not an cxagyen: tion to eny that Mr, Mackaye will, within twa months of {ts production, recelvo about §16,000 oa the result of his work. Joff Davis has written to My, L. U Roavls, who fs collecting material for a blograpby of 7, his opinlon of that gallant oficer, Harney was ono of nature's nobtemen. ruuniag, e run faster than a whita tuan, furiber thsa an Judlan, and In both respects showed that maa wag organized to be master of the Loast, siuce be was known to beat dogs and horw bold horsemsn, fond of the chass man, and skilifal In the uss of the orman, Apropos of the Lord.Mlicks marriage, it may bo sald that, sithough the last Now York state s In which & man of Mn ara—took a wifa to himself durlng the yeor coding Jauo 1, 1875, yet fve niar riages « n of In which the happy bride groom was of still moro maturo voars, Ouo ceae tenarian wodded & blushing bride of 55 yesrsi 8t tho age of B8 auother succeedod In winning 8 damsel of 85; snother **gay Lutheran * of 83 en- tared upon tho primrose path with a boauty ovet ‘whose fair head but 75 vummors had fowu; & lsdy of 07 years married 8 man of 81 and at B3 o genr tloman salected as the partner of his Joys and wor rowa s lady of 50. Thoro was an snclent dame of 80 who took a husband of 02, and at the other eod of the lino m Loy of 14 married a gist of 17, and & man of 26 wedded o malden of 12, Tho doath of Mr, E. Borneau do St. Mare cel, & portrait-palater at Norfolk, Va., ts noticed. lle was 8 native uf Poland, whero ba was knows as Count Edward Jablonisky. With thirteen otlicey of high rank, ho was bunished by sn Impe vial ukaso from Hussla, and arrived in New York City in a Huselan frigate in 1847, Hearrived i3 this country & stranyer, without frlends or mesnh and, being unable to speak the language, was 16+ duced to groat stralts. Belog an artist, however, ©of mure than urdinary abllity, Lo aoon found el vioyment, snd finally sstsblished himuelf in St Louls, where ho won s high reputstion, In the yoar1835 he palnted s panoruma of tho Ruselaa war, with which he travoled until fts destruction la the buralng of the old Mechunics' Kali {g Norfulk in 1854, after which bo seitied here. 1t ls ol about two weeks ago that lie discloscd to s lsdy who he was, aud vroposed to return to Polsad now that the wdict of banishment had been 88° nulled. The Brussels police are much elated st the capture of & female plckpocket, who fs repated 10 be the ablcst operator in that Hine, snd is koows by the sobriquet of **The Golden land," 'This srtist and her husband work In coucert, and have quite = European reputation. lierlin, Vieons, Londos, and Faris bave in turn been the scene of thelr explolts; Indoed, tho lady bossts thyt she bad mado the tour of the world. In Parls they bave spenteleven years, bul, Shough robbing sctivel? sll the tme, thir oparations wera conducted with such marvelous skill aud cunniog thst po subbery cauld ever bo brought bome 1u them. Lowevehs the fatxl day camo last wouth, A detective wbe was shadowing Medsme ‘I"Servranex saw Ler 80+ prosch a lady st the Norlbera Raliroad, who wsd ——— A serles of musical exocriments are belng made on the inmates of & New York Insuno Asylum, The first trial occurred the other day fu tho presenve of o number of medical men and roporters, About a thousand paticnts of a mild type having been assembled I a hall, a fashionable young lady of a charitable miug sat down at o plano and rendered a number of operutte pleces ln the provailing stylo, ‘“Lhe re- sult, surprising to rulate, was that the un- fortunate patlents of a mild type speedlly be- came raving mad, and pursued the sclentific fuvestigators, the funocent reporters, sud the charitable young lady off from the stage and and around the room until tho attendants cameo to the rescue. There {8 mo sccountiug for tastes. ———— ‘The market value of young ladies {s varlable In Pittsburg, as bas beou recently sbown by means of an auction at o church-fair, the price averages about $4.75, although extra grudes bring & dollar or two more. How much more cxpeusive fu this class of merchandtse in Tur- key! There a fomalo 2hild of 7 yea ‘worth at a rude cstimate 8400, and before sho attains the sge of 17, providing that she Is trstclass in cvery respect, her value has fu- creased to the enormous sum ot 84,000. Allow- iug for the ordinary fuctuations of the market, in accordance with thy principles of supply and demand, there (s yet a vast and unexplainable Qifference betwecn the ruling prives {u Pittaburg aud {n Cunstuntivople. A correspo wants to know * how much gold and silver coin was * outstand. ing" in 1878, The coinage of gold and sil- ver of the United States has been: ¥rom 1702 to 1834—gold. Frow 1834 to 1853—guld, Frow 1853 10 1873—gold. Total gold... From 1707 to 1834—allver. Froum 184 to 1853—aliver. ¥rom 1853 to ——————— ‘The Rev. Z. 1{o1.BROOK, pastor of tne bank- rupt Oukland Church, volunteered the stato- meut Weduesday that It was palnful for him to Icave the ininlstey, nud that be did not waut to be an editor, because he had something elsa to do in Mfe besides puuctustiog. Thiscareless confession of the mauner in which the Alllance is wads up sbould bo promptly rebuked by Frol. 8wixg, wlo s uo doubt auxious that his paper should sequire a reputation for publishe Veloiviiis o ‘Total legal-tender silver. $ 84,761,420 Other sllver—1853 to 1873 567,443, 760 rom 178 10 1877 vov.os 400000 | o origioat matter, Sayiog bar tket, ** The Golden Land * followed Total stlver ... $184, 280, 541 The President of Marvard Colleze has en- | $he passenger, snd, just sssho was entering ollroad carrisge, she, 100, sppoarcd futont on do= ing the same. ‘This causcds Jitle embarrassmesh which ended by Madawe T'Servrancx gracefully giv> ing woy, sud pressntly lesving tha stativn, ¢ Ha1e Yo your purse' saked the detective. Uraciousy it's gons, and full of mosey, 100," was thesa” awer. *'The Golden Hand™ was srrcutcd s oW minutes lator, snd ber busband cengratulsted 450 oficer la miosh Astiering terins. deavored to disabuse the public mind of the Idea that the cost of living aud tultion at Cam- bridge 1s greater than st other sud luss preten- tlous justitutions. Mo has taken patus to gather statistics from studeuts uow attendiog the Uni- versity as to the actual cost of Mving, sud bas Included fn bis tuquiries the rick, the poor, and Whoss of woderatewesus. Naturally the dgurcs Of this coinage it is impossible to say how much is in existence now or how much ex- isted ot auy date. From 1792 to 1884 silver was the cheaper coin, (sud but little gold was coined. In 1834 the weight of the gold caln was reduced 4 por cent, and gold be- cama the chesper wotal, aud silver colnsge Thoe Universallst church in Jersoy City |3 mitted to tho Minncsota Dar, she belng the Sy e b Bimon Cameron has bean invited to lect. How would **The Widow'a Might" anawerfors = P.; [} / Leontine, tho dansouse, took tha priz " Victor Hugo wrote {o the Femalo Suflnag . Aiss Longtollow's wedding iu sald-to hare '