Chicago Daily Tribune Newspaper, January 29, 1878, Page 4

- THE CHICAGO TRIBUNE: TUESDAY. JANUARY 20, 1878, Tye Tuibwe, TERMS OF SUBSCRIPTION. WY MAIL—IN ADVANCE—POSTAGE P! afly Editton, one year. 'arts of & et mout! Eanany W Titerary " wid K , B itton: eet TikWeeniy, o 'arteof & vear, per moni WERERLY ED con, 5 G oTYobr o i Epecimen copics sent fres. Give Tort-Oftce address in fall facluding Gtate sod County, Hemittances may he madn elther by draft, exprest, Post-Bffice order, orin reglstered letters, at ourriak. TERMS TO CITY SUBSCHIBRRS. Datly, delivered, Runday excented, 25 cenfa per week, Latly, &eitvered, Sunday Included, 30 cents ber weck. Audrers »THE TRIBUNE COMPANY, Corner 3adfson and Dearborn-ata,. Chicago, 1l Orderafor the dnllvery of TnE TRINUNE &t Evanston, Euglewood, and Hyde P'ark leftin the counting-room wilirecelve prompt attention. TRIBUS FFICES. TRY. CH1CAGO TRINTNE Nas established branch offices for the recelptof subscrivtions and sdvertisements 89 follows: NEW TORK-Toom 20 Tridune Bullding, F. T Mo- Favpax, Mansger, TARIS, France~No, 10 Rue do s Grange-Dateliere, . Maurzs, Agent. LONDON, Eng.—Americsn Exchaage, 440 Btrand, Hixnny F. GiLio, Agest. BAN FR, C: Talaco Jotel. AMUSEM! Tloolry’s Thentre. Randolph street, between Clark and LaSalle. Fagagement of Robson snd Crane Comblnation, **Our Uachelors.” MeVicker's Theatre. Madlion street, beiween Biate and Dearborn.. A e, 1laveriy’s Theatre. Monroe sireet, cornerof Liearbarn, Engsgemontof Milton Nobles, **Tho Phanix.” Ooliseum Navelty Theatre. Clark street, hetween Washiogton and Ttandolph. Varlety performance. . New Chieago Theatre. Clark street, opposits Sherman House, ** From the Altar to tho Scaffold** and ** My Mother-in-Law." MeCormick Iall, Tk strect, corner Kinzfe. Lecturo by John *Now and Then." JANUARY 2, North Gl B. Goug! 1878, TUESDAY, OHICAGO MARKET BUMMARY. The Chleago prodnce markets were generally heavy yosterday, with continued prospects of peace, but turned opwards in the afternoon, Meas pork closed 5¢ per brl lower, at $10.50 for Febru- ary and $10.85@10.87}¢ for March. Lard closed 3¢ per 100 1bs lower, ot $7.25@7.37% for Feb- ruary and $7.474 for March. Meata were casler,at Z%e per 1b for boxed shoulders and $35,50 por ewt fordoahort ribs, Whisky was steady, at §1.03per pallon, Flour was dnll, Wheat closed firmer, &t $1.02% for Jannary and $1,03% for darch. Corn clused e Jower, at 33%5c wpot and 41%c for May, Oatsclosed Kclowor,at 21X capot and2ige for March. Rve wauiclower, at 40%c. Harloy closed 1 lower, at 40¢ for Febrnary and 40Xc for Ifarch, lloga were active and closed drm. at 83,80 ¢¢4.00, Cattle wero Qrmer. Sales of [nforior to extrant $1.75605.00. Sheep rold at 32, 73@4.40. The exports from tho seaboard last week included 70,000 hrls flour, 1,141,000 ba wheat, 1,202,000 bu coen, 2,000 hu oats, 50,000 bu rye, 8,050 Lrls pork, 6,440,000 1bs lard, and 5,000 bs weate, In storo In New York, 2,154,000 bu wheat, 858,000 bu corn, 1,634,000 bu vats, In. spected Into storo in this city yestorday marning: 180 ears wheat, 162 cars corn, 30 cars oats, 10 curn rye, 40 cars barley, ‘Total, 450cars, or 175, - 00 bu, One hundred dollars in gold would huy £101.50 In greenbacks at thuclose, Dritish con- #ols were quoted at 05 0-10 and stertlng exchange at §LBT. Greenbacks at tho Now York Stock Ex- change yesterday closed at 08}, © b ettt LB "Three memboars of the Roturning Board— AxpensoN, Casavave, ond Krxnen—wero brought into conrt in Now Orloans yestere duy, nnd the trial of the first-uamed porson was formally commonced, a motion for a changa of venuo having first hoon denied. Axpersoy, being interviewed by a reporter, gave aa his principal roason for objecting to the trinl ns ot presont arranged that the jury lins beon melected with n view to rendering his conviction cortain, thoro boing nouo but Domocrats chosen fo alt upon the caso. Ho claims that his 1ight of chnllengo Las been cutiroly ignored, and that the whole pro- ceeding is o palpable, barefaced injustice. The organization of Congressmen intor. osted in tho remonotization of +ilver aud somo of them in the repeal of tho Resump- tion act cannot do bottor in their search for o titlo than to adopt one which will commend thelr movemont to the good opinfon of the peoplo generally,—the Silver League. This douce, they might a3 well drop tho other part of their undertaking, for, with tlio silver dollar romonetized and the miuts running at their full capacity in furnishing coin to be added to the curroney of the country, the people bnvo no desire for the ropoal of the Rosumption act. With the mints turn. ing out silver dollars at the rato of 10,000,000 por wounth, resumption will tako care of itself, The Lenguo—what- aver it may detormlua to call itaslf—will fiud that, after tho Bilvor bill bas become a law, tho number of theiradherents in both Houses of Congress will materially diminish it they persist in eramming resumption-repaal down tha throot of the organizatio; ‘I'ho movoment institnted by o few of tho New York banks to commonce paying out go!d st onco is not likely to becomo general, for tho reason: that tho roserves of gold throughout the country aro not sufficient to cnable the banks to auticipnta the dato fixed by the Resumption act and transact business upon an exclusively goll bnsis. It is far moro like'y that the banks in question do not seriously contomplate shelliug out the guld they havo on haud, and that the movement is jutonded as B thrust “ st the Bilver bill, the theqry boing that the pretendod ubility of the New York Lauks to iustituto gold resumption will tend to check the overwhelming popular demand for the remonetization of silver, Bacrelary Smenaan in roported a8 saying to an interviewer that New York seems unable to approhond the fuct that the Silver bill is sure to pass. The Secretary bhimself bhas only just discovered by the votes in tho Benate and the louse ou the MarTuews resolution that the milver dollar iy certain to be reatored cs full legal- tender, and the Now York goldites may as well make up their minds likewise and ace cept the situation. It is now pretty safe to predict that the Bilver bill is going through and will becoms # law beforo loug, veto or no veto, The time set for commencing to redsem green. backs in coin is only eloven mpuths shead. In view of tho scarcity of coined money in the country, the friends of the Bilver bill should pass a supplemental bill requiring the colunge of at least elght or ten millions a wonth, ‘This wonld at onco put a stop to the minous contraction of prices of commod. ftics which is killing manufactures and pro- duction, and filling the land with idle mean. A steady streamof ten millidns a wmonth of silver dollars would wonderfully wara up the frozen wheels of trudo and vivify par alyzed induatry, set things swoving, and euable williony to find employment and mul- titudes to pay their dobts. chinery for coining ton millions a month can ensily bo provided. Where there i a will thero i8 & way. Order old Lixpxaaax to work two ' shiftsa” or relays of men. him run the mnchinery at night as well as dny. No trouble about getting out lota of the white shiners, if Congress so orders. in the Honso yosterday by tho heavy me- fority of 187 yeas to 70 nnys seems fo be gonerally accepted in Washington na settling the silver question, remains that the Bilver bill will pass the Benato by n vote more than sufficient to ovorcomo the Presidential veto, though the probability of a veto decrenses in proportion with tho increase of the certalnty that Congress will overrile any Exeocutive that will follow. motallists of tho Enst are also preparing to climb down with graceful alacrity, and to as- Ohairman of the National Democratic Com- mittee, s propared for the possage of tho Silver bil), andit will not bo surprising to sco soveral of the wavering Democrats in tho Senato cast their strongth with the win- ning sido when tho final vote comes. The Lattlo for the silver dollar is practically do- day 8Bir Srarronp Nonrincore, Chancellor of tho Exchequer, explained at length En- gland's position with reference to the East~ ern question, exclusively to an elucidation of that sterco- typod and well-worn phraso which hns been tho watchword of the British Cabinet and - people sinca the breaking out of the war, to- wib: ing to the Chancollor, that the independence of Bulgaria, and especially i that Province should T of Nussin's choosing, degidedly dotrimental terests; that even thoe tomporary occu- pation of tho Turkish Capital would serions- ly undermine some important which hor Majesty's Govornment is disposed to guard jenlously ; that the question of the froo navigation of the Dardanclles & ono in which Evgland is peculinrly interested, and also one which must not be scttled by'n separato agrooment, Added to this list of leading interests there are, according to Bir Srarvorp Nownticore, many incidental ques- tions which mst bo passed upon by n Con- gress of tho Yowors in which Eugland must hnve n commanding voico. it will be nccossary that tho oxtra grant callod for shall be immedintely voted, in or. der that the Government may go into the Conference with the proper backing, and be onabled to maintain any policy which sho may be ealled upon to assume. publishes a letter from asolf-confident young manof this city protesting ngainst what he styles the **vulgarity of vitnperation” om- ployed by the Eastoru preas in discussing the silver question. to declaro, in substancey that while vituper- ation is no argument, and that ns n general thing it is unbecoming, still the drendful dishonoesty of the West and the apparent low standard of Western morals were enongh to provoke the pious people of the East, and under theso circumstancos it nsks, **Is it surprising that people have got angry, ond, knowing theso mon uot to be fools, gavs but expression to tho bolief that thoy were romothing clse?” 'This oxplanation comen very near to that given by tho historian of Cock Robin's rage wlhen he discovered Jonny Wren's perfidy. jumped upon o twig, shouting * Out upon yon, fie upon yon, bold-faced jig!'" monoy-lending philanthropista at the Enst “angry,” and eclicited **hot" expressipns, was tho statoment that the silver dollar had boen demonotized sccrotly, clandestinely, or by connivanco; and cortainly without the knowledge of tho country, or even of the members of Congross who passed it or tho Exocutlve who approved the law. old silver dollar, and the clipping of the gold coin 60 ny to reduce its weight to tho extent of 8) per cont. When that bill was reported, Hountor Monaan, of New York, 1ade au claborato argument opposing chp- pingof the gold coin, aud dofending the silver coinnge, and opposing the demonetiza. tiou of the silver dollar, Lill was uover heard of again after the stalwart Now York Sonator put his foot through it. {inportant to revise the Jaws aud regulatians governing the mint, and roduco all such laws preparad by oxperts. bill understood ounly by those who were fa. change the whole mounetary system of the It would break | monetized silver, or that the silver dollar had | exact truth. When he quotes what the Gov. % lv‘v':m. ::23.*:1];;-;!: 7.’{.“;5’.':1":‘%‘3 the nual product. Gold is now doing the exiating corner on gold, and bring it | been abolished as o legal-tender. ernment hes formerly dono for the Union | notion of being rawarded by a tawdey decoration double duty, and fa therefore excessively down to its propor valne, The mint ma- | Tax Tnone hes challenged the produe. | and Central Pacific, he does not add to the foraimaiiesienn He Tace e, id as Hotland, | dear. Remonetization of silver will bringgold tion from the files of the New York T'ritune, Times, World, or Post, in 1872-3.'4 (all of whom had correspondents at Washington charged with the special dnty of announcing any legislation affecting financial matters), of nny statement that the Mint bill demone- tized tho silver dollar, or thnt silver had been demonotized, and not a line has been pro- dneed by eitlicrof theso New York dailies to show that atthe time the biil passed any ono of these papers know that it demone-. tized silver. During the long debates in Congress on the finances, especially in relation to resums ing spéoie-payments, in 1874 pod 1875, st o word was said concerning the domonetization of silver, or the effeot thoroof on resump- tion. On the contrary, in all the speeches resumption 1 **gold and silver” was strength of his arguments. Ho fs simply citing bad precedenta in which the Govern. ment wns awindled by an unfaithful Con. gress to tho extont of what it gavo these roads, and they are precedenta which the peoplo of this country donot care to have repeated and will not again tolerate without making a protest that will be felt and regard- ed in Washington, BMr, Tox Scorr's part~ ners want the Government to help him buitd his road o that freight may be carriod more clheaply! If there is ona thing more cortain than another in railrond matters it is that the cheapest built road can carry goods at the cheapest rates. Mr. Huxrixaton's rond, bnilt out of private capital, can be construet- od more cheaply thau Tosu Bcorr's ¥oad Luilt out of the people's mohey. It the for- wer loses money, the people lose nothing, down in purchasing power to the lovel of sllver, beeanss people will nso silver until gold comes down to that levol. The schiemo of the goldites has for its object the incronse in tho value of gold monsy. Tho metallic monoy of the world may be sssumed to bo equally divided be- twaeen gold and silvor. 'To demonatize silver, will havo the effect of reducing the metallio money to one-half its present quantity, The gold would then be the exclusive money, and its valno in pnrehasing other property would be largely increnscd. Tha expulsion of sil- ver in Germany and the prohibition of it in this country have already onhanced gold as compared with prodaots and labor not less than 83 per cent, and incroased the wefght of debtain thesame proportion. As theannual produce of gold is growing less, the value of not impress him, —and Lord Datiousig, wha gave his_sovereion eight kingdoms, wonld not, to hare won & ninth, have oxhidited himacl wpon n painted elephant with Engllshwomen 8+ part of ~an 4Oriontal payeant; but they wera not the “scrvants of s novelist. We bave been acenstomed to think that one duty to India wasour duty o her laboring milllons. and not to her mnshroom Princas, —there 18 only one conspicns ons Prince ont of Rajpuotans who |1 not new,—that thelr acqulescenco, secnred by justice and donesty, wae our first gnarantee, —except, indeed the sword, whose wiellers It i now etiquette to pass aver ly,—snd this new Indls, the Iand of fre- wo A prucessions, and spangles, and Princes with stars, and Viceroyn with dreamily poetic tv!;fl;fi s to ns sonnknown that we hesiiato even o hold, Lot much less to pronounce, ah onbinlon. Perhapn it Is ail well, Perhaps India should Le poverned by comedians, with parts SXctched ot for them by an Oriental novelist, The most remarkable inconsistency of Disnakrt’a now pagennt lies In its variance with all the Indian traditions, It.is not only tlhie duty of nn Indian Princass but it is tho pride of her husband that sho shonld Searcely a donbtnow obstacle of the kind, It will be | proached and advocated, President Hares, | and the Governmont is not fleeced. If it | livain geclusion and remain as hidden from | gold money woMd increnso day By day as it seen by our dispatches < that Secrotary | in the memorablo canvass with Gov, ALLeN | cheata any ono in the construction, it must | tho world in namo and In fact, Tho | baeamo moro nnd more searce, The snccess Smensax hos finally perceived ' the | in Ohlo in 1875, who was clected on the sole | chont itself, It can camry chenper than | Indian woman differs from ber civilized ; and progressof the money-lenders’ schema to inovitable, and is now drawing upon his in. | issue of specle-paymenta and specie-resump. | any rond built by = Construction | sister in the West in that she must not | reduca tho quantity of motallic money and gonuity for prodictions ns to the evil rasulta | tion, did not know that silver had boen de- | Ring upon the Crodit-Mobilior plan on | parade horself bofore tho public. Bhe is not | onlarge the valnoof the gold is marked by the The Domocratic mono- | monetized, nor did Aruew, his Democratic competitor, nor did noy of the many other distingnished men who took part in that money obtained from the Govornment, If thero are any deflolencies in the Moxex bill as to the protection of the publio in the allowed to go shopping, attend lectures, write poems for.the papors, give lwnch parties, attend sowing soclotics, strawberry regular falling off :in tha valuo of all other property. As the gold dollar advances, tho value of Iand, and the value of all accnmu. sure their Wostern co-partisans that they | memorable and exeiting canvass. matter of rates, then lat the bill bs amended | festivals and necktie sociables, go to the | lated products of Inbor, fails off in shall have the silver dollar without hindar- It was not until the timo came whon silver | to supply them. Mr, Scorr feelingly pro. | métinees, join fortnightlies, or sing at por the same proportion. The indebted- auce, Sonator Bannus, of Connectiout, tho | bullion began to decline in London on sc- [ tasts that under tha bill granting the right | lor concerts, much less agitato for woman- | ness, publio and private, of the suffrago, and the r!iht to praatice law, medi- cino, and divinity. BShe is alivays the veiled priestoss of tha houso nud invisible to the vulgar world, and the unlucky newspaper editor who shonld o much as montion the nnme of an Indian Princess or sny woman of ronk inhls columns would speedily find count of German demonetization, and green- backs ndvanced in prospect of ultimate re- domption, nnd silver conld boe coined to cir- culate with paper,—one of the very condi. tions of nffairs to meat which the bimetallio system had boon wisely adopted,—that it was found that, unkunown to the country, sil- of way, cto,, to the HuxrinaToN road the completion of that rond may be delayed or postponed for years, and in the monntime the eoxisting Pacific Railway will have a monopoly. Apart from the absurdity that the Central Pacifio Company will leave their 700 milos nlrendy constructed, torminating world, reduced to figures, is enormons. "The people of the Unitefl Htates ara among the most heavily indebted. The demoneti- zation of silver and the increnso in the value of gold ns the exclusive money haa ndded Inrgely to this indsbtedness. This debt enn only be paid by the produots of labor, and cifled, ond tho solid West and nearly solid | ver colnsge had boon quietly, noiselessly | in the wilderness nt the western line himself and hir paper in utter con- | 1f thovaluaof all proporty shall dectine 40 per Bouth aro evidently masters of the feld. dropped in Fobruary, 1873, and clandostinely | of Arizons, without Eastern connection, tompt and declining circulation, In | cont in tha mcarce and oxclusive gold, then — $ and fraudolently demonetized by tho statuto | the romedy -for the dofect in tho | direct violation of these traditions, | it will take 40 per ceut more labor, and 40 Th tho Britlsh Houso of Commons yester- | ravisors in 1874,—Congress enacting the [ bill is o very simple one. All that | and in utter disregard for tho faelings | per ceut more land, and live stock, and in- is needed is that tho LIl bo.smended so a8 to provido that tha Company shnil con. struot ot least nfixed numbor of miles of road ‘enstwardly overy yoor, That boing dono, then, nccording to Mr. ScorT, tho ex- isting monopoly of travel to the Pacifio wl‘ll be broken up. N This sudden concern of the Bcorr lobby lest the people may bo imposed upon in rates is altogether too shallow, What has Jax GouLp evor cared about rates or laws pro- seribing rates 7 What will Toxx Boort, who is tho very heart and soul of thecombination- pooling pollvf: caro nbont yates or competi- tion it ho is successful in establishing his thfough line from Philadelphia to the Pacific? This suddon irruption of tho Scorr tribo bodea no good. It looks as if there wns a determination to fonnd a campaign on Con- gress in the old Credit-Mobilioy style. De- *fora Congressmen consent to enter npon such o campaign, wo ask -them to look back at the rosult of Crodit-Mobilier aud seo how 1t Lins affected not only the country but indi- viduals, When a company stands rendy to build this road ont of ita private capital, it becomes Congressmen to conilder well their position. In what light will thoy stand if they rojoct such an offer and allow Tox Boorr to tako tho Governmont credit to tho oamount of thirty-two millions, when thoy come before their constituonts for re-clec- tion? Tlow will they explain their conduct ? Even if thoy do not intend torun again, how will thoy enduro the reputation that must ingvitably attach to them of bribory and corruption? The records of the paat as well ns tho merits of tho caso furnish Congress. men with sufficient hints how they should aotin this mntter, and thelr constituents, irrespective of party, will hold them to n strict acconnt. A Rovised Statutes in nlump. Theso aro the naked facts. g Undor -those circumstancoa it is clenr that the domonetization had boen enacted by Congross nod spproved by tho President withiout & knowledge of what was dofie, and tho country goucrally wns ignorant of tho act. The legislation was, therefore, a trick and o fraud, the resnlt of connivance, or It was an act of doplorable inadvartence wholly unintentional, i As goon as discovered, thero was a deningd for the restoration of the law fo what it stood before this legislation took place, and that demond was met by the united and defiant clamor of the Eastorn press, includ- ing the Nation, protesting that to restore the silver dollar would be to “swindle” every man who had loaned depreciated paper dollars, worth 75 to 85 cents cach, to compel him to take silver dollars, Every publio man and overy paper ii: tho West that ndvocated tho restoration of the Leogal-Tonder law to what it was beforo 1873-'4, and beforo the passage of the acts of those years by fraud, or by inadvertence, was denounced s n rnscal and a chent. It is immaterial whathor tho lnw of 1873 was prssed by fraud or that of 1874 unintentionally by thoss who voted for it, the Eastorn pross and money- 'sharks of rapacious broed discoversd that tho law gave them an jmmorsl and dis- honest advantage, had added very largely at tho loss of the debtor to the value of all that was equitably due them, and they vo- ciferously resolved to maintain the trick, frand, or accident to the last extremity, and to insist upon the uttermost penny which under the fraud they could demand, Tho most insolent, most vituporative, tho most truth-lefying, and most oxiravagant and vulgar in denunciation of tho peoplo of the West, collectively nnd individually, was the Now York Nation. It sot itsclt up as a moral censor. It defined financial morality to be the prompt payment of raised cliecks; and becauso tho poople of the West, who discharge their debts from the procoeds of their own labor, declino to pay vastly 1moro than they contracted to do, the Nation doluged them with sbuse and defamation that would have renderad n flshwoman fomous nmong her fellows, and has threat- anod them with tho maliclous lies of a black. mailer and n bully. The unanimity of the West, the unanimity of the SBouth, and of the whole country in demanding the restora- tion of tho silver dollar cxhibits the universal popular contempt for the throats and the abuse of the Eastern Shylocks, thelr paid pettifoggers, and subsidized press, And yet they rcitorate with vociferous persistonco that silver was demonetizod with great noto- riety and publicity, and that cverybody, In and out of Congrens, know that it was being done! Would it be uaparliamentary to de. nomivate such assortions os willful and shameful llos? Or should such dishonest con- of tho natives, Dienarrt hes paraded the names of tho highest Indinn lndies in the English nnd Indisn gazettes, snd proposes to publicly ornament them, not for any setv- icos performed, but to furthor conciliato the Indian people. The ohildish device could bardly have been conceived by any one elso than Drsnarwy, onger to exhibit not only,these women in his grand Indisn spootacle, but himself g8 the central figare of tho melo- dramn, forgotting that the same light which illumines his scenic pageant also brings out in still stronger relief the corruptions of Government, the financial distress of the country, nnd the ghastly horrors of famino and disense sweeping the people off by mill- fons. The Orlental Promior of England may decorate and omblazon the walls of this sep- nlchro, but he cannot hide tho rottonness within, AMERICAN BILVER MONEY, Itistho constant remark of those who advocato nn exclusive gola curroncy that in ronlity thore hns nevor been anmy logal- tendor silver money in uso in the United States, and thatl the silver dollar has pever had an oxistence. In polst of fact, from 1792 to 1834 gold coin was excoptional ; it was coftned to pieces of $10, $5, nnd $2,60, and was cxported as fast s coined. During theso forty-two years the whole colnage—Ilegal-tender—of tho United States proved property, to pny tho indebtednosa, That that is tho end songht by the domone- tization of silver aund tho establishmont of an exclusive gold money is no longer open to doubt, It Is avowed. Tho declaration is made that motallic money is too abundant and too cheap, nnd that it must be reduced in quantity to incroase its value; mouey must, therefore, bo made scavce, This schemo can hardly be chamctorized in fitting terms., Stripped of the false theo- 1y of prescrviug tho national crodit, it 16 n bold attempt to confiscate the property of the people. Had Congross put tho measuro in tho shope of o law increasing the debla and reducing tho valuo of all prop- orty’ In the hauds of tho peoplo 40 per cont, no man who voted for such auin. famy wonld have roturued to the constitu. onts he liad botrayed. Tho quostion now at Washington is substantially the samo,—to mako scarca gold and debts more valuable, ond to deprociate proporty acoordingly, ‘That is the end sought by thoso who oppose the romonetization of silver, and tho people will watch diligently for those who shall vote to confiscato the enbstanco of the many for the profitof the fow. Qold aud silver woro the legnl money of tho country befora tho Constitution was adopted; the Constitation recogmized them ns logal money, and provided for their colnage. 'They remnined monoy from that day to 1873, when silvor was demonctized. Had Congress tho power to doprive the notion of its constitutional money; to sbolish silver colnage or gold ‘coinage; or both? Money ia coined by tho Government for the poople who take their bullion to the mint. Can Congress refuso to coin silver ond gold into money? Can it' refuso to make both legal-tender ? Can it abolish silver money,—the oldost money kuown to this country? % He confined himsel? almost Dritish interests. It appoars, accord- bo pgoverned by wounld bo to DBritish Princo most in- intorests To this end was 1 4 - .$30,276,078 veveresss 11,825,800 At that date the quantity of gold in tho coln was reduced 6 per cont, nnd tho silver coin was at a premium. Congress made for- oign silvor a legal-tender, and during this in- terval tho Bpanish, Mexican, and other foreign silver coins were in cirenlation, to the extent of nt least $100,00¢,000, ns legal- tonder, Down to 1853 the coinage and me- tallic monoy put in circulation was : From 1702 to 18234, silver, . 00 830, Fram 1734 to 1853, 42, Yorelgn coln, sllve The Now York Nation of the 2ith inst. ‘Tho Nation takes occrsion DISRAELI'S NEWGPAGEART. Dismarrr i8 in one sense a barbarian, Nelther race-doacent nor the culture of cen- turies have succoedod in eradieating that lovo of pngeantry and pomp which charac. terized his Oriontal ancestora on tho plains of Mesopotamis, Horaldio fnsignis, stars, mod. als, and bedinmondod garters attract him as keenly as beads and baubles the Indian of our plains, Ho hins no patience to do things in o plain, nnvarnished way, going - straight atan object, but must environ it with bar- bario lustre nnd produce it with apactacular cficcts, Hin imagination ia‘infused with genulno Oricatal warmth and passion, In his fiction it displays itselt In his love of picturing his herolnes arrayed in rainbow hues and sdornod with ropesof pearls and precious atones galore. +In his realities o prepares all his effects in & spectacular man. ner, and suddenly springs them upon the world bedecked with tingel, swimming in o dazzling glare, ovolving sudden transforme- tion, and bathed in tho spectral glow 273,078 D8, 204 Benator TuruRMAN, of Ohio, spoke a fow words in behal? of the Bilver bill in reply to Epyuxnps’ three-hour Bhylock haranguo agalnst it, from which wo make this extract: Senator after Senator had declared that the act of 1873 demonatized the allver dollar. It dld no Y‘h thing, 7 er dollar was demonetized by the Revised Statules, but they were not intended to change any exioling law. ‘They were simply & compilation of tho lawa as tnoy existed at tho dato of the adoption of the statutes. The silver dollar of 41444 graina wada full lvfial-under for alt g_nr- posos and had not been legally demonetized, 'The urgument had beon made tuat silvor dollars were not In exletence at that time, and therefore the ‘bondholders uid not expett to bo paid In siiver. As well might witch An aegamont bo made against gold, because thore was hut Httle of that coln in nse. Tho (:dluage act of IH73 wasa step in the dizection of demonotizing sliver, but it was not nctusily de- monelized untii the adoption nf the Revised "Stat. utes in 3874, 1t bud been argued that injustice would bo dono to those who purchared bonds since 1874 I tho Government should |I=f its bonds In sliver, bug ha (Mr, Tuunnax) would endeavor to show, when the Liil itself should come np for consideration, that the payment of the ‘bonds In sliver would not do injustico to any one. The goldites try hard to conceal from the pub- e tho rascality practiced clandestinely by the Statute Revisers fu 1874 {n vneaking in a section “Total silver . From 17072 to 1834, yold. From 1834 to 1833, go! Total gold.uueeeres +. $200,701,020 A well-informed correspondont in Taoxz Tamoxe furnishes the following history of this odmisslon of foreign coins as legal tenders. Ho says: The coin cnreency must then have boen of sitver and forolgn colns, Nowadays we forgel what an important element forelyn colns wero to uy for clehty years. At first wo bad all kinds of forclan colne, * In 1703 Congress declarod that, at the Sxpiration of threo yeurs aftor our aw colnage of R Mt ativer should commance, il forelgn coins, cxcept Buwnish milled dollars, 'should come to b & fogal-tender, and that % repealod In 1804, and full lega)-tender admitted toth goid egine of keat irltaiuy Portngel, ¥rance, Syaln, unt to Spanish mitled ltver doliare and French crowns, 'In June, 18:34, Congrees extended tho legal-ton- der 10 the dofiars of Mosico, Pera, Chill, Central Amorica, Brazll, and tho five-franc piece of Frsnce, and to the guid colns of scveral nations, In March, 184, Congrees ra-enscted ‘the same, and fized the rate at which tho United States shonid value at customs the stiver colos of Pruselu, Fortue al, Bramou, Madoirs, tho Axores, Hamburg, Rus- ¢ Robln, ho got angry, and The special thing it seemns which mado the Now, let us examine this point—soborly h demouetized the old silver dollar, t the lwelight He should haw : e chmie el and cunddly. To 1909 thero 'was a il . | duct b sofly descibed 33 contclous obaet. | oy T LibE Mo whould biawe | H dlilenAgelc, oo vy, o more - ported by Benator Suenstan having for its | rationa of tho verities? . i 4 8 fuan alykty yoars. foraign colun consed to be o While the ambitiops women of the Buffrage exprossed object the demonctization of the uweop ot all concolvable hues and | Jugsl-touder for all debis in the Unitea States. | Convention were making ridiculous declarations Thev continued tu be logal-tonder fur purchase of publiclsndy and payment, of dutles un imports until 874, when the seme secret management that atruck out sllver (rom our uwa coinave lluie itod the recolpt of forelgn cuins for thuso hurposes 10 gold colns, und wilvor to tne fractionsl quarters, «l ud slztevnths of Bpanish snd Moxican dycs, and a brush of gigantio dimenaions, aud cudloss properties in the shape of re. volving wuns, cherubs, blue and red fire, dis- solving stalactiles, seas of mirrors, hatlequin traps, danssotes, coryphees, aud Amazons, magio lilles, paste Kohinoors, and all the filagree aud Aummery that so dazzle sud de. light the eyes of children in the Christmas pantomnimery and tabloauz. He {sa great artlst in a thentrioal sonse, Lut, like most groat artiuts, has so little knowledge of the democratic, practical, workaday world that his brilliaut shows and pageauts that dazzle people for n minute nearly always molt away like the fabrio of a dream, aud leave him standing on a wreck of airy nothings. Ie resembles tho foolish 13ird of Paradiso, who, voin of hils extraordinury tail, eclects a par. ticular time to oxhibit it, and calls the atten. tion of the wily natives to the show by its squawking, who theroupon improve the oc- casion to knock the uilly creatures ou the head and take'it to the nearest market. Alr. Disnacei’s latest pageant is in keep- ing with his previous exhibitions, and, in accordance with his Orieutal proclivities, he Las choson Iudia as the sceno to be illumia- ated by his' colored firo, In the London Gazette of Jan. 4 appears a decrve croating un order of women only, It is called the ¢ Imperial Order of tho Crown of India* and confers cortain insmignia or decorations upon cestain English aud native ladies, All the Princessus receive it, the Mamamanzz Duvuvrzxp Bixo, whoever that sy be, seven great native ladies, and elghteen English la. dies, the wives of past and existing Vicoroys, Uovernors, Secrataries, and Under-Secrotaries and button-holing committecs In Washiugton lately, another member of the sex {ntho Capital City was quietly devislug a plan for accomplish- fng some practical good. Mrs, Hopents, a ucwspaper correapondent, anxlous to alleviate thie sufferings of tho poorer people of Washing- ton, sucveeded in Interesting soveral benevolent gentlemen in the project of opening a penny soup-house. . No great contributions were asked or made, and it was without any ostentation ,that a few dave ago the place was opened. Mrs. Rougnts hersclf dovs mnot run ity und has no pecuniary intercet Whatever in it. ler idea In the begluning was that for one cent it was pos- sible tu furnish a plato of mush, a buwl of suup, orsomeother whotesume dish which would satls- ty hunger. Durlog thefiret weel this restaurant 1ed 1,000 people dally, makingan sucome of $16, or 8112 for tho whols week, and it fs claimed that even theso small recelpts are sufticlent to pay cxpeuses, A system of tickcts hiss been started, each selling for a , the ldea belne tlint people In good circumatances may buy and givegthem to street bepgars, instead of tossing wway penbles, which in too many cases are spent. for drink, ‘The Nesw York Grapale wets in a body-blow on Tou Nast. In a cartoon it roproduces Nasr's famous pleture in Harper, Jan, 9, 1573, showlug tho Ark of State floating in safety to the harbor, A Sound 8pecle Basls of Gold and BiLveR,” and with tbe farther quotation by Nast, “'To this (gold and ifver resumption) we should re- turn with tho least pructicsble delay,.—U. 8. Grant.” The Graphle next plctures lttle Tox- Y Nastsitt!ag on o stool drawing on his slate & sliver dollar in derlslon aud varlous carles- tures of the silver men. Uncle Sass stands be- fore, puinting to Nast’s silver and gold specle- basis ATk of State, and uuderncath {s written % Unclo 84y to tickle Tosur Nast: Hu, hat my ittle man, you havo ¢changed your miud on THE TEXAS-PAOIFIO SUBSIDY, The Texns & Pacifio gang are agaln in force before tho Houso Committes ou Paciflo Railronds, making thelr Tmpmlent. domandy for subaldy bonds. The dispatches in ounr 1ast jssuo present a summary ot thelr argu. ments why they shonld bo allowed to put their lnuds into the Publiq ‘Croasury and tako the poople’s mioney for their private benefit and privato gaiu. There is nothiug new lu thess arguments. They go over the old beaten path, and, sunwed up, they ex- press simply . tho sggregate of persoun! im. pudence, and show very clearly tho road to ultimate fraud aud dishonesty, It requires an nssurance that s soumewhat more than ordinary for Mr. Tox 8corT to ask Congress to allow him to put his handsinto the Trens- ury and take out 232,000,000 %o bulld for him a rond that in the ond is oaly intended to bo & tender to bis Southwestern system of roads, n aunother company stauds ready to do the same work with private capitat, asking only the land.grant already given to the 'Pexas Pacific, ~ When ke urges that such a eubsidy will be of benchit to the Goverument, this assurauce becomes colosasl. * Bfr, ‘Toxt Boorr and bis confederate subsidy-grabbers will find it dit. ficult to conviuce the taxpayers of this coun. try that they hava gone to Washington in the capacity of banevolent pilgrims, oras a charitable organization bent upon relieving the Government in these times of natiousl distress and financial stringency, when every one is bound down with Lis burdens, by coolly sppropriating $32,000,000 of the tax. payers' money for purposcs of findividual largs was suppiiu witi a cal ihe tables of 1K12) twalve hus var and eight L we liad the sight Lo use forvigh cuius b ‘with our own colns, or ¢13¢ to take the forelyn to our mints and hiave It recoined fres of expy all creuitors and dvbtors, natlonal or indivi new (hu suurces to which they cuuld ko fur lu /! tender coln, aud that it was imwsterlal whethur ut any yiven timo the ratlo wae larke ot gold tu silver o allver lo gold; that whe: {sland, or continont one mictsl anothor it would be buarded, and (hs ‘Gheaper mietal would paed current, v It o, tnen, Aleraily trus thas the njol rons declared allver ua langer a (vgal ¢ did 0 truth and fact strike vut on than a kulf uf the colnage of the w nee, 8 certabnly ralving the price of guld us th urion of wiwat would ba Increased by burning up all the cuza 1n the world, It will boseen, therefore, that sllver 1oney: Liow been iu general uso, and for a loug tiy exclusjvely, in this country, The largo su: of gold which haa boga coltied Lias not re. mainod here, but hias been exported, and has been melted up and recoined Iu other coun- triea whero our coin {s not a legal-tendor, Since 1801, bdth gold and silver coin have boen out of general circulation, and becauso they woro both of more value than the poper money, Only 80 much coin remasined in the country 83 was required for coin purposes, such ns paying duties and moking foreign oxchange, During these last seventeen years tho gold coln has boen as absent from ¢ir- culation s silver. ‘The silver dollar Las besn sinco 1834 at such & large premium in gold that but fow persons sought ita colnage; It was more prof- Bugnaan's little Subsequently it was discovered that it was tonsmgloact. A bill for thix purposs was Tt was necessarily o millar with tho dotails of tho mint. The fact that it was propared by the ofticers of the mint, who wero hardly tho porsousto in. stituto legislation to demonctizo silver and United States, resnltod in an inability to en. list the attention of Congresa to the Lill, Ounly o few members of either House of Congress ever gavo any time to the matter, and consequontly tho bill hung fire in one Tlouse or the other for several years without becoming 8 law, Tiually, in 1879, a bill passed, and in that bill tho old silver dollar was omitted from the list of colns author- izod to Lo struck at the niuta. No montion was made of tho dollar, no word implied its discontinuance, nothmg expressed that it wasa domonetized. Jt hos siuce boon shown overwhelmingly that the demonetization of silver formed no part of the avowed and undorstood notive . This ¢ of tho bil, Nothing in lts (Hlo odicated | pront, Thia apecions ples is too absusd | L0F st country. - Mleddeerse foMoming ub- | {1, 1o buy gold with i wud Lave the Iatter | (oo et Uit TRV RO 0 LT that it was o bill to domouetize silver -and | upon its face. It is unequivacal hambug, clare herself Empress of Indis and to sdd to ooined Into money. Bllver retained its supe- | contused, ushamed of nfmaelt, and chopfallen. striko it out as a legal-tender. No member of Congress has been found who avows that ho supported the bill becauso it demonetized silver, or that ho kuew for years after that silver bad been demonetize®, The Presi- dent, who approved tho Mint bill, was not aware that it contained avy such demoneti- zation, and nearly a year after siguing it be cxpressed his surpriso that silver coinago had stopped. Pue Tuisuse has challenged the Nution to produce suy announcement in its own files, in 18727374, that the bill had do. and is unworthy of consideration by any in- telligent man. When Mr. Tox Bcorr in- forms the Comulittes that the Texas Pacific s only received 18,000,000 acres, while the Northern Pacifio has 84,000,000, ke i3 equally speclous, and in oue direction is false 1n his statement. Why did he not say that the Texay Pacific, commenciug so much further West, i a short road, and that the Federal land-grant is equivalent to that of the Northern Pacific in the propor- tion of the mumber of scres to the total wileage? Then he would Lave stated the riority in valus, and at the tinoe the dollar was demonetized (In 1878) was worth 108 in gold. ‘The subsequent decline in the value of silver bullion, as compared with gold, was due, asall koow, to s special causs, and so temporary that the remonetization of silver now by the Uultad Btates would bave the effuct Lo vestore in s brief time the silver dollar to par with gold as bullion ; that iy, the silver in the dollar would be worth 100 cents in gold. The colnage of $50,000,000 & yexr for two years would exhaust ull thy surplus allver bullion now on the market, and draw liberslly on - el — . A goldlte newspaper says the advocates of the Brawp bl her already loog string of titles * Regina of Imperatsis,” has slready aroused the sar. casm of democratio Englishmen who are be- giloning to weary of Diszaxui's constant Indian fanfaronade, which appears to them s little lesu than grotesque in the face of the corruptions of Indian rule, the ouerous taxation of the peopls, the bankrupt Treas- ury, and tho awful famines which are sweeping off the natives.by wlllions. The Spectator says: . .. ¥ Waunzs Hastixs, whoballs the Civil Admints- trstlon, never recelved 8 decozation: Lord Witl 7, no sooner would that bill pass than the 41:24-gralua silver dollar, b being made legal-tender, would apureciate in val- us 10 the gold standard. Now, 1f th silver dollar would at onco becowe equal to the goid dallar, how, we would like to kiow, would the debtor class be any better off than they sro now? ‘Fpey would be * better off ™" in this respect, that the restoration of tho silver dollar aud its sbundant colnage will arrest the fall in wages, aud prices of property, sud commoditics of all kinds, Busiuess wmen and muavufacturers will nu longer have to sell gouds vu a falllug werket ‘Tha valus of property will stop fapj. inzsnd begin to riscalittle. This wilt Rive heatt and hope to producers, whowill commaney employing more workmen and paying bottar woges. ‘Tho earnings of these re-employed byy now lale uperatives will increase the market for commoditics, for they will ho carning money ‘aod be able to huy goods. Hnsiness men wy fecl safe in borrowing money. as they will hayy confidence In future prices, and tens of milliony of cash will no longer femain 1dle and asclen, Dut will be set at work ofling the wheels o commerce, Whothier the silver dollar * becomey €qual at once”’ or not totho gold dollar, 1py amelloration of Lusiness will begla to takeef. fect from the moment the mints commenny rolling out a stream of fall leznl-tender dollay, Mcn whll beadn to feel hope that they ahall by abla to pay their debts without going througy bankruntey, and creditors will et alt thapy Iawfully or equitably duc them without bresy. Ing down nnd wiping out those who owe them, Ta not this better than to go with the cut-throy Rold nollcy which the money-sharps are making such fronzied efforta to continuo? e et A rteporter of the 8t. Louls Erening Pog calted on Capt. EADs, and had a talk with bin ‘which fe thus reported: s It 18 protty well known {hat you have bi back mf" second paymont from the Govermentper prootiation? Yos, Thave tho second $300,000, which makey the fall amdfint now roceired 31,000, 000, What 18 the present condition of the work? in answer to this question Capt, Faps g ferred tho reporter to the following telegran, which he received after his arrival in 8t. Louly; P A B R r SO 1T aliows twenty four fest clear through iy ar, with least width efghty feet. Jaxws Auprewy, How much of the work fs now done? Avout 75 or B0 per centum. Aud how long do you think it will take to con. vlete 1t7 1can't say, How much remains to be paid? Only 18 yier contam has now been tecelved, Thy gastiio it the Saperymel e By WIUh of 260 foet of water have been atiatned * * ———— An amusing fncldent occurred fa the Tom State Scnate Tast week. The Chaplain, why cvidently believed fo conclllating all parties, invoked the Diviue blessing upon Presides HavRs Uy saying, ** We pray Theo, O Lord, thy although It may not be pleasing {0 many of Thy servants, yet we would bescech Thy blessing upon the President,of the United Btates.” e The Red-Ribbon movement, we are gladt observe, ls making good progress In this iy, Itistobe hoped thatthe temperancs revini will embrace many of those abandoned persoy who liold to the principle that— The natural eloment Wne for man's belly meant Tt to put a Jittlo gin in i, Taee no ain in it. ——— The proposition to limit sliver tegal-tender by two or thres milllous n month s nonsens Omit ull absurd limTtations, and order thomizts to tarn out all the dollars thoy can, until Cos- Rress some years hereafter sholl order themiy slackup. The coustry e bare of coln, and it will take an enorinous amount to saturatelt. ——————. ‘The number ot people is fast Increasing who object to paylog 110 conts in valuc on “3cet § paper consideration. But Shylock swears b must have gold and gold alone in payment ¢ the 75-cent papor dollars ho loaned. * § ‘Tho Bitver bill ts bound topass. Ten milllesy of dollars of full legal-tender por month is whi the country nceds to get the frost out of 4 joluts and start things up llvely. } 1t Senator MorTox had lived ho would be th silver leader {n the Nenate, and would putth, tweasurs through by more thanatwo-thirds ro PERSONAL. Disraeli came out of the late fight withe § ascratch. TheRussian boar may hibernate the re of the winter. Alfonso's bride {syery happy. ' Her mother in-law Is kept at & alatance. 3fark Twain.calls his dog Joseph Cock, ‘becan "t quite understand him. William Lloyd Garrison’s enlogy on th 1ate W, E. Chandler faa very tender and afféctisy tribute, As the Ozar demands the froedom of tb Dardanelles, Johany Bull 18‘no longer the ol with the Golden Horn, Thero {8 at least ono man who has gomt faith 1n our politlcians—Dr. Talmage., He thiskt they are getting better. *How can I leavo theo?" sald Adam b R Eve. 8homadono reply, bat calmly poiateles S8 fig-treo i the distance. o Mr. and Mrs, Lord are now belleved tob “athome.” The atory tbat they had rehypotte cated themsalves is probably falso. Two popular dramatists of Loudon writ under thanoms de plume of Bavitle Row and Bolia TRow—nawmen of two well-known Lonon streets. Mr, W. Winterstoln, n New York journ fat, has composed an **iditors' Walts," whichM dedicstes 10 the English and Qorman press of 18 clity. The Fenian heart is not less desolate tbst will not fight, and thecst independenco has buen postponed st | wel . Mr, Blaine has declarcd himself in favard tho sflver measaro, sud it ls now qaite ln tbe I nti-remonetlzation organs to charactert Die ** hurtling lance "’ sa merely g stuffed chus- District-Attorney Bangs {s roughly e fcleed for lndorsing an apptication for the W' don of the Brat batch of whisky men, Thereid now game, wo bellove, called go Bangs, Wil Preaident takos hand at ity Thoe foraign Powars nre involved ia? dilemma, Gormany and Austra are not slioge tefied with tho terma of peace offored by Natkh andwarlike complications msy yet arive. Theds of the dilemma is presumably tho Golden Hore The New York Merald says that * 02 Schonek smiles l1ko the front door of an lron K dry," There may by nothing but lrony iu bl mark, but If the Genoral smatles—gmiles contsiy ously—can any ans doubt that s holds four s A tramp, who had nsked nid at porend placos noar Tochestr last Tueaday mights © found fruzen todeath in the road an Wudoe :‘ Ho wae an Intelligent young gia, snd clas a6 cousln of the Iato Richard Yates, ex-Gov of and Senator from Illtnols, Clara Louiso sang in Titusville the olh: night, **Lika the smooth, unctuons trickiiel the oleaginous commodity from & lundred b well," says the Merald, **we notes of tho handsome, bediamonded tho enraptured Tituaviitel i Thirty yenrs ago J, W. Mackey left I Iand & pouniless boy, Twonty years azobt & traveliog In thia country a4 & **drammer. teon years ago'he was bankrapt, Now b me of the Tichest nilnes on the Pacific Losts yaarly Income astjmated st $14, 000,00 Owing to sickness and old ago conlitt; tho Rev. Dr. Stephen H, Tyng, who for #43 three years has holit the pastorate of Bt Qe Church, New York City, has resignea BIeCHL, Dr. Tyng ls now 87 years old. Tho cberl, accopted his resignation and settled upoR suualty of $5,000 for life. dd Mr, Mullett has often been tho -nbiem . very much harsh criticlam, Tlis ability 34 “ulfl’ tech has bewn quostioned, and bl piendid s intheuss of vrofanity have benn grudsistl, lowed by envious amatenrs, Yot it "“"- mitted thathe isa singalsrly brave sud nd Y Quy tap. en ventures witbin 7805% own bullding A Frouch deserter, Thomerel, wont 10 & restsurant, dined quiotly room, finlsbing with coffco and brandy- wciting behlng the door, pud, springlog on ter, wbo was but slig! as B1¢ ROPEOE O o his tria) be sald whons be bad u-n‘; ‘was 80 dreadfully {batbe detarik-+d to kiU yomebady 903 Killed in tarn, but