Chicago Daily Tribune Newspaper, February 4, 1878, Page 4

4 Tye Tribnne, TERMS OTF SUBSCRIPTION. RY MAIL—IK ADVARCE—FOSTAGH rnlr:m. .00 00 Shee! 50 ¥ aition, i i xly, IVM:“"‘flP o0 T artaof s vear, peen o WEERLY EDITION, POSTPAID. necopr. per R oF Tl Bpecimen co Give Tost-Oflice addresea County. Remittances may be mado either by draft, expres, Post-Ofiice arder, or in registered letters, at our Hsk. TERMS TO CITY BUNSCRINERA. r, delivercd, Funday excepted, 35 cents per week, . dellvered, Eunday inclnded, 20 cents per week. Addrens THE TRINUNE COMPANY, Corner Madtzon and liearhorn-sts.. Chicago, Tl Qrders for the delivery of Tnr TRINUNK at Evanaton, ‘Englcwood, and Hyde Iark left fn the counting-room ‘witlreceive promt attentlon. fall including Btate and TRIBUNE DRAX ‘TRE CnicAno TAIRLNE has cstablished branch ofices . fortherecelptof subscrivtionsand sdvertiscments & follow: NEW YORK~—Ttoom 20 Tridune Bnllding, F. T. M- Panprx, Manager. PARIS, France—No. 16 Rus de I Grange-Bateliere, H. ManLxm, Agent. LONDON, Eng,~American Exchange, 440 Strand. Heany F, Or Agent. BAN FRANCISCO, Cal.—Palsce Hotel. TAMUSEMENTS, McVicker's Theatre. Madlion strect, between State and Dearborn. ) Baby" and **Barney the Baron.” Hooley’s Theatre, Tandolph street, between Clar't sad LaRatle. Tngagement of the Strakosch Overa Troupe: **Ii Tro- Tatore." "Tlnverly’s Theatre. Monroe streer, corncr of Dearhorn, Engsgementof McKee Rankin, **The Danltes.” New Chieago Thentre. Clark street, opposite Sherman Fouse. ‘ment of Den Thompson. **Joshus Whitcom! - Colisenm Novelty Theatre. Clark street, between Washington and Randolph. Varlety oifo. The Tahernacte. 3onroo street, hetween Frankiln and Market. Lects ure by the Itev. Ilenry Ward Becelier, Bubject: **The Wastes and Burdens of Bocloty;™ MONDAY, FEBRUARY 4, 187 CHICAGO MARKET BUMMARY, The Chicago produce marketa wero rather galot Soturdsy, nnd steadler. Meas pork closed s shade firmear, at S10. 11075 for March and $10.873 @10.00for April. Lardclosed eteady, at $7.:421;@ 7.5 for March and $7.4% for April. 3eats were easler, at §1.0244 per 100 Ibs for buxed shoulders and H4c for do shortribe, Whisky was steady, at £1.03per gallon. Flour Wheat closed ¢ lower, 2% for Jannary and $1.03'4(oc March, Corn closcd stoady, at 30c apot and 41%c for May, Oate closcd ¢ lower, at 23%c for March. Rye was firmer, al G0ic. Rarley closed 1c lower, ot 48@48%c for Foh- rnary and 48!4c for March, Vogs were dull, at £1,05@3.00. Cattle were firm, at £2,00 Blicep wera stendy, at $2.75@4.25. Since Nov, 1 Chicazo hos pncked 1,014,000 hogs, agaimst 1,411,434 in the enme thno one year oreviunsly, fThe packinz of the West to date la estimated at £,100,000 hend, 33t per cent of which has heen done in thia caty. lecelved in Chicago Jast weel, 75,601 brls flour, 480,215 hu wheat, 318,087 bu corn, 101,873 bu onts, 2 b rye, 111,357 hn barley, arceeed hoge, 203,144 liva hogs, 7cattle. Exported from New York last week, 24,015 brls flour, 803,635 bu wheat, H11.- 055 lu corn. Inspected Into atore in this city Eaturday morning: 03 cars wheat, 153 cara corn, 32 cars onte, 11 cars tye, 31 cars burley, Total, 815 carn, or120,000 ba. ~ One hundred aollars in gold would buy $10:2.00 n greenbacks st thy close, Dritirh conrols wero quuted ot D3% and sterifng exchunge at 81,8815 In New Yor b US@E08Y. ‘;g;;bmflm ruled Dr. Lixperyay, the Mint Direetor, is mak. ing up his mind to the inevitable with ns much nlacrity ns many of the goldito im. preguables hinve bogun to do of Iate, It lins doubtless occurred to this zonlous exponent of the single-standard doctrine that {ho ma. Jjority rules in this conatry,and that n whole. somo regard for the tenure of his position requires o mnodification of views and actions to suit tho oxigencies of the time, Tho aro privilege of listoning to a sermoi Ly the Rev, Hesxny Wanp Deecuen without puying cu adinission feo was onjoyed yoster- day by tho peoplo of Chicego to tho extremo limit of the contaluing capacity of the pudi- torium of Plymoutli Church, Mr. Bercurn's sermuon, which Is given in full in our columns this morning, wns of the highly popular order, aud, with the addition of tho charm of delivoty poculinr to this famous pulpit orator, was of course highly enjoyable, It in a sermon which the orthodox Calvinist will rend with n dublous relish, if Lo reads it utall, belug alroady advised that Mr, Breenzn is nothing if not unorthodox ; and one which tho Christian of liberal and progressive tou. dencies will applaud vigorously, —— The Greek Government disclnims any in. tention of declnring war in issuing tho oAler for tho army of 12,000 moen to occupy Thes. Ty, Epirus, and 3acedonin. Nevertholess, the army still continttes to march, and, as it mects with no resistance, will soon be in possession of those provinces, 'The move. ment is ostensibly for the protection of the Christian population, but in reality an act of insurrcction on the part of the Governmont whick would ordinarily be regarded not only o3 a declaration of war, but in effect a com. mencement of hostilities. Whother {he Torte i+ in a position to so rogard It and treat it accordingly, or whether the dis. clulmer will bo mccepted of necessity, re. wmaiug to be seen. The 'Turkish Minister neems fuclined to take a peaceful viow of the situation, and remains in Athens pending the reeeipt of instructions from the Porte. ‘Those of the Washington correspondents whose reudy crcdulity Los led them into telographing sensational storles in connection with the alleged presence in Washington of J. Mapsox Weers, the missing member of the Louisiznu Returning Board, will discover wiiki some chagrin that®they Lave beon uade the instruments for the cxecution of clever scheme designed to conceal the real whercabouts of their man, It trauspires thut ho ks uot Leon in Washington at all, but has ullowed such un impression to be conveyed for thy purpose of throwing tho State suthoritics off the scent, his pur- pose beivg to gain time until the expiration “of the present term of court, with its jury packed Lo convict, should necessitate a now panel for the new term which begins to-day, WeLLs wes orrested yesterdsy at Rigoldy's tation, an obscura place on the New Orleans & Mobile Railroad, and taken to New Orleans, whero he will bo surrendered for trial. r——— 'The fact of the siguing of the peace pro- liminarics ot Adriauople on ‘Thursday last Las been officially aunounced in St. Peters- burg and Constantinople, and the Jiveliest satix>fuctiou ot the result is reportod to exist in both citici. The terms of the protocol requiro the erection of Bulgaria into a Prin- sipality, presumably with a Christiau Princo .aruler, und with a system of government _w.uihr to that of Roumanis, involvivg the in moderate demand™ payment of tribnte to Tuorkey; a war- indemnity for Rnssia, or its equiv. alent in territory; the independenco of Roumania, Bervin, and DMontenegro, with an enlargement of bonndaries for each; reforms in Bosnia and Herzogovina; an ulterior nnderstanding between tho Czar and the Bultan on tha subject of thopassage of the Dardanclles by Russinn war vessels; and the immediate evacuation of the Danubian fortrosses and of Erzeroum. Army opern- tions both in Enropo and in Armenia have ‘alroady been suspended. Russia's idess of indemnity are intimated in a statement at- tribnted by Bucharest correspondent to Gen. TaNATIEFT, to the effect that Armenia was the ultimato object in view, sinco the pay- ment of o heavy indemnity in money was out of the question We print elsewhore in Toe Tasuxz of this morning some extracts from a speech delivered Jan, 27, 1869) in the Unitod States Senate by Jomn Bnxauax, then a Sonntor from Ohio, Tho subject nnder discussion was the Pablic Debt and Curroncy, and the conclusions of Congress were afterwards formulnted into what is now known as the nact of 1869, pledging the faith of the nation to pay the bonds in coin. The purport and significanco of the extracts from Mr. Smen- 21AN's speech concern the hardships and dan- gers of the constant appreciation in valno of a currency in which debts aro payabls. Mr. Snenaav's argumont was then against the greenbacks ns tho proper onrrency for tho redomption of bonds. Bat, sinco then, not only has tho conntry been obliged to onconnter the hard- ships' incident to the steady appreciation of greenbacks nnd corresponding deprecin- tion of property values, but it is now con- fronted with a continuation of the samo trinls on a roturn to the coin basis by the climination of one motal and the necessity of payment in the dearor motal, constantly growing scarcer nnd dearer still. Resnmp- tion in gold alone will bo beset with the same unfair and burdensomo conditions stated by Mr. SuensaN when be warned the United States Benato that no nation can go through the process of currency appreciation withont the ‘‘sorest distross.” What was truo in 1869 is trmo to-day, and tho only differsnce is that Jony Bmenaan persistently conceals now the facts which ho stated so plainly in 1869, when he afirmed that **Wo have no power to vary a contract or add to the bur. dan of nn existing debt.” MR. BANNING'S ARMY BILL. The bill introduced by AMr, Baxniva in the House seoma Lo havo Lind its origin in a be- lief on his part that everything pertaining to the army isin nbsolute need of olinnge, re. gardless of any proficiency it may now pos. scss. In proparing tho bill, he appears to havo boen nctuated by the desire to mako everything different from what it now is," and to bo entirely regardless of the effoct, whethor good or bad, which his proposed changos may produce, . Either tho efficioncy of the army and its capacity to porform the military duties of the country have not been considered by him in its proparation, or his opiufons have beon formed in ignorance of what thoso dutics nre. In no other reason. ablo manner can the confused provisions of tho bill, many of which are in absoluto op- position to cconomy and to efcioncy in the army, be accounted for. The quos. tion which first and most naturally arises in conslderation of tha bill {s, By what procesa doos Mr, Baxsing arrive at the couclusion that 20,000 mon is the propor number for the enllated mun of the army? Did he tnko moasures lo ascertain the num. ber of soldiers required for the protection of interests in enclh portion of tho country? Did ho ascertain the ‘hostile tendencles of onch Indinn tribe, tho number of warrlors each can produce, or did he situply gucss thiat 20,000 mon woro sufficlout? Perhapsa proper investigation of tho subject might show him that this numbor of men is groater than the military neccasitios of the country demand, and lead bim to proposo a further re- duction, A similarquestionmay very properly be asked as to his proposed division of theso 20,000 men into cavalry, infantry, snd artil. lery, and it {8 quite apparont thut Mr. Bax. wixa has arrived ot his conclusion as to this division by the same process, It is doubtful if any onein this country to-day can properly tell what the strength of the army should be. o do so requires soma time aud a closa stndy of the military neces- sitics offonch looality, as well as of tho char. acteristics of cach Indian tribe. Without this, and especially by pereons eapablo of Judging of such subjects, tho proposal to fix tho unmerical standard of the army at any glven number, or to divido this number futo the differont arms, is mere conjecture, and can only lead to error. Mr, Baxnina's pro- posal to roduce and consolidate different branches of the staff corps, aund to have much of tho staf duty of the army per. formed by officers detailed from tho live, may boregarded as in violation of the most ordinary rules by which busiucasof sny kind is condncted. Io proposes to consolidate the Adjutaut aud tho Inspactor Gonegals' Dupartwmonts iuto one corps, and the Subaist. ence and Quartermastor's Dapartmonts into avother, The duties performed by the offl. cers in eacli of these departmonts nre distinct and separato, aud are of vital importance to tho army. Special qualifications for their duties are indispeusable’ to the ofticers of each, and the dutics pertalning to one or two of them can only be skillfully performed nftor yoars of experienve, Should the bill become a law, its result would be to substituto incompeteut for competont ofticers in the largo purchases of army supplies con. tinually boiug made, a8 well as in of which are of those branches of tho staff which have more coutrol of the efficloncy and disci. pline of the army than any others. If asuf. flcient numbor of ofiicers are allowed in the line to justify some of them being spared from their appropriate duties to porform stafl duty, it would seem moro reasonable to dispense with them, rather than to substitute thom, ignoraut of staff duty as they must neceasarily be, for others who by experionce have acquired a proficlency in these duties, particularly as tho bill contemplates that ‘when thoy have about commenced to gdin an idea of stafl duty (four yearu) they shall re. turn to their regiwents, aud anew detail, similarly jucompotent, be made. 1t is unnecessary to vefer to the other provisions of ‘the bill, each of which is as faulty as those mentioned, The whole bill gives evidonce of great want of information regarding both the army and the duties re. quired of it by Mr. Bawwmye, who does not appear to have felt tho want of this iunforma. tion, excopt in regard to tho Euginee Ordoance, aud Medical Dopartmonts of the, staff. Of these, ho desires further informa- tion beforo acting; but in overything else pertaining to the wilitary profession hiy bill indicates that ho deews biy own knowledge ‘satusfactory and suficient. 1t the country no looger requires the THE CHICAGO TRIBUNE: MON DAY. FEBRUARY 4, 1878, ‘ services of an army it should bo disbanded at once, and the ‘onormous burden of ex- pense required for its support be dispensed with. If, however, the maintonance of an army is still necessary, the fullest informa. tion on the subject shonld be obtained bo- forn nttompts at legislation in regard to it are made. In order to act understanflingly on the subject, the anme rule should bo fol- lowed in this as in many other matters, somo far less importance. A commiltee of Congress, accomponied by o detail of snperior army officers as ox- ports, should visit ench section of country whero the army is reqnired, snd fully inves- tigate the military nocessitics of ench local- ity. Having fixed tho proper numerical standard of the army, n commission of mem- bers of Congress and competent army offl cers shonld examine {ho subjoct of army organization and all other mattors pertnin. ing to the army. By these means, suitablo fnformation wonld be obtained for framing an Army bill which would meet the necessi- ties of tho country. A bill basod on tho information thus ncquired would probably be unlika that of Mr. xiva's. If tho in. terests of the country require an expendituro of twenty-fiva millions of dollars o year for the malntenance of an army, these same interests demnand that legislation for it shall be onacted with prudenceand based upon the most roliable information. —e THE WRECK OF A VAST ESTATE. The following dispatelr, which points & moral, appeared in our issue of Fob. 1: Dernorr, Mich., Jan, 31.—Tho creditors of the estate of the late E. . Wann have demanded 500,000 of hia widow from the_property sho re- ceived from the Wanb eatate ntLudington to heip pay the debts againes it. To thinshe agrees, and tho stepa for reaching that result rre now in progress, ‘The debta of the estate amouni to about §800, 000, whilo the property has shrunktn toabout $650, 000 Tha execators will throw the Wyandotte rofling. mill into bankruptey and do all they can to closs alales as soon a8 posyible. Nothing more cloarly {llnsirates the terri- ble shrinkage in values of manufacturing property, ospecially iron, thin the above dis- patoh. It will bo remembared that tho late E.B. Warp wos a lheavy manufncturer of iron and stool, especially in their application to rnilronds. o had vast rolling-mills in Detroit, Milwaukee, and Chicago, and Jarge interoats ini the Lako Superior raining dis- tricts. Ilo wns known far and wido ns tho Iron King of the West, and managed his bus. iness with raro onorgy, shrowdnoss, and en- terprise. When Lo died, his wide-spread es. tato was supposed to ba worth botvreon threo and four millions of dollars over and. above all claims upon it, and now it scoms that this shrinkago of valuea hna liternlly vriped it out, There is no demand for jron. It ia no long- or profitable to inanufacturait. The milly cannot be worked at a profit. The huge machinory of theso colossal establishmouts lies idlo and rusting, becauso no omo dares invest sufficient capital to sot 1t in mation, with tho absolute cortainty of a loss on the investment., As tho prices have fallen off, tho market has given way, aud no one will embark his capital whore thero Is no market for the pioducts, All this disaster, this tumbling of prices, this breakivg.down ef the market, this appreciation of . monoy, have followed ns' tho logitimato nnd Togical result of tho insatiato demand of the goldites for a single atandard, and that of the dearest metal. And yot, with this wreck ataring them right in the face, with this ostite, onco tho richest in Dotroit, now gono to uttor ruin, with .theso vast mills lying idle, with tho widow nnd heirs atripped of their prop- erty, with the croditors twisting, turning, and compounding to get soma littlo salvago ont of the wreck, tha two Detroit papors still howl for gold resumption! Will thoy tell us, with this ruin before them, who is to benefit by it, or what is to bo gained, cx. cept a safo filled with valueless nssets? How aro the goldites going to help matters or im- prove the business prospects of tho country by closing up mills lilm thoseof Mr. Wann's, Dy breaking the market down, by turning thourands of men ont of employment who had been enrning good wages and compelling them to subsist upon chanco jobs at half pay or upon charity? And yet the gold cliquo of Detroit, with theso two pepers ns its organs, ia hounding on peopla to this dostruct- ive, insane, short-sighted course, and con. tinues to urge the ruinous policy with ono of the disastrous consequonces of such o policy, in the shapo of the wreck of tho largest and richest estata in Michigan, right before thom! This s all that is left of n splendid fortuno, built nup inn lifetime of indomitablo energy and far-rcaching enter- prise,—gone, dissipated, scattored to the winds, with the creditors searching tho debris in hopos to find somelhing of valuo that may partially satisfy their claima, Will tho goldites of Datroit explain how they are benefited by a policy that produces such dis- nater, or bow business can be revived by breaking it down ME. HENDRI DILEMMA, It ia gonerally rogarded as an unfortunato thing for an offan-secker to bo deawn into & dircet statomont of Lis position upon any issno about which thore i3 a differenco of opinion in thoe party that i look#’to for pre- fermont, It was probably on this account that 3Mr. Avaver BeeatoNt, with malico pre. peuse, publicly taunted Mr, Hexpnicxs with inconsistoncy an the silver question. Mr, Hexpnicks has- boen caught in tho trap, It may ba that frir-minded men witl credit him with having “ully answered Mr, Bevont's chargs, for Mlr. Henpnricks is & successful trimmer and a plauvible reasoner; at tho same time, bo lias not douo so without giv. iog offunse to two cloments In fho Demo. cratio party, viz.: Tlhose at the East whoin. sisc apon tho payment of the public dubt in gold alone, and thoso in his own State aud other portions of the Wost who want the public debt paid in greonbacks, As a condi- dato for tho Domowatic Prosidentinl nom. ination fu 1880, it would uudoubtedly havae boen botter for Alv, Mexpnicss to avold mak- ing enemies mmong either of tho extrome factions of his party. As batween Beuaont and Hespnioxs, the lotter has tho beat of tho dicussion, BMr, Dagxoxt mode two poiuts against 3lr. Hex. paickd, Tho first was that, in a speech made in 1874, Mr. lizvpmicxs waintained that the public debt was payable in gold by reason of tho Publio’ Crodit act of 1869, and that, as this speech was subsequent to the Coinnge act of J873, Mr, HeNpaicks must bave meant gold slune. Alr, Bzraoxt's sec. oud point was that, if Mr. Hexpuicxs held the Public Credit 1t of 1869 binding upon the good fuith of the nation, he must regard the Coiuage act of 1873 in t8e same light, and therefore consfrue it as m breach of faith to romonetizo silver, or to poy the publio debt in anything but gold. Iu regard to the &yt paint, Mr, Hexpricxs says that, whon Le miade the spesch of 1874 refurred to, he did nat know of the praotica! demonetization of the silver dollar; this is probably true, &3 few men in tho country st that time had any idea tlxat the silver dol- lar bad been eliwivated from our wmonoy svstem. Healso says in offcct (though it . pay the bonds in groenbacks, ment of all debts in gold alono, conscquently throw their strength agains: Mr, Xrexpniczs, and cling more tonaciously than ever to tho *“claims” of Sauay T pex. At tho samo timo, Mr, Hevbnicrs has courted the opposition of o formidable fac. tion Democratic party in soveral Btatos, who cling to the Voonunes theory of pay- ing Voonnzes' doctrine, briefly stated, is that Brryoxr controversy, wonld have been botter it Ji had stated it more bluntly) that, when housed the word gold, hie msed it intorchangeably with the word eoin, and simply for tho purpose of protesting against a proposition to pay the bonds in greonbacks after the pledging of the publie faith to their payment in coin. Itistrue that thero was nt that time no issua a3 botweon gold and silver, and the word gold was freqnontly used as a synony for coin, and menning both gold and silver, Jomy Snrnyax inhis apoeches in 1869 nsed “coln" alone, **gold " alone, and * gold nnd silver” togothor, ns all menning the samo thing 1n opposing the movement for the pay- ment of tho bonds in greenbacks. 'Thero is no good reason to donbt that Mr, Hexpnrcxs nsed the word *“gold” in the same way, having coin of the standard valie in mind. Mr, Hexprtcza' nnswer to Mr. Brrstont's second point is cloarer and moro satisfactory. Though he originally opposed tho act of 1869, pledging the payment of the publio debt in coin, ho maintained after tho passagoe of that act, as ho doeanow, that the Government can- not honotably recede from the pledge. M. DBervoxr here stops in and says that the nct of 1873, ** dropping” the seilver dollar, was equally a pledgo, that tho public dobt there- by became paynble in gold alone, and that it will be as much a violation of public faith to remonetizo the silvor dollar now aa it wonld be to repeal or ignore the not of 1869 and Mrs Hexe porcxs answers this point fnlly by saying that tho Coinage act of 1873 may be ropealed or amended now by the samo right that tho not of 1873 repealed and smonded the act of 183t A Coinage notis in no sense a pledge of the publie faith, nor can it be a violation of publio falth unless it dobases tho coin below tho standand in which the Government promised to pay its debts. Tho Government pledged its faithin 1869 to pay tho bonds in coin, ond the coin standard then included the silver dolinr of 412} grains, 0.10 pure, and the gold dollar of 25 B.10 grains, The re- funding bonds wers authorized on tho basis of the standard of July 14, 1870, which was tho' same. It is, thorefore, in no senso violation of tho public faith to amond the Colnago {act of 1873 80 as to provide pay- mont for the bonds in tho exact standard promised. tho Coinnge nct of 1873 as to provide silver dollars of 375 grains, or gold dollars of 20 grains, then tho creditors might with renson complain that they wero being swindled. But, so long as it is not proposed to uu. dervaluo the coins, it is preposterous to claim that n Coinagoe act of 1873, which was in itself morely amenslatory of provious acts, binds the natlon for all timo and can never bo changed. 1f it wero proposod {o so amond ‘While it is vory ovident that Mr. Hex- pnicks hos the best of the argumont ns be- tweon himself and Mr, Beryoxt, he has not betterod his prospects for tho Domo- cratio nomination for Presidont in 1880, Ho atill antagonizes the Domocratio money-lend. ers of the East, represented by Mr, Brr- s10NT, innamuch as he refuses to noquicsce in thelr pot schome of enforcing tho-pay. They will in his own B&tate, nnd in the tho bonds in greenbacks, Mr. the bondbwlders should -hadd«thoir boads over to tho Government, and that the Gorv- ornmont should then clip off the coupons and roturn tho bonds to the creditors in full discharge of tho obligation, profosacs to beliove, that it is right and proper for the Governmont to dischnrge and cnncol an intereat-bearing note with another nato bearing no intorest. Unfortunately, o very lnrgo proportion of the Democrats sub- scribe to this absurd doctrine, and, now that 1lo bolleves, or Mr. Henppicks has refusod to accept it, such Democmnts will profer Mr, Voomnmers, or Mr, Pexpreron, or Mr, Tox Ewinog, as their Presidontinl candidate in1880. As a Presldentinl candidate, thereforo, Mr, IEx- porcks has not helpod his chances by the and BestoNt has probably accomplished the very purposa he had in his mind when he opened the die- cusslon, SILVER IN NEW YORE, It hins been tho aim of the New York press to convinco tho country that thore is no pub. lie sympnthy in that city or State in favor of silver remonetization, but that overybody thereabonts has regarded tho movemont as n dishonest effort to pay dobts at 00 conts on the dollar, Thero is no doubt that the course pursued by the Eastern press has creatod a general impression that Now York and Now England are solidly opposed to the re-establishment of the silver dollar, and, if it had not beon for the popular demonstra. tion of tho contrary in the mass-mecting held Triday evening at tho Cooper Institnte, the West might Llave been forcod to accept the issus as sectional. It was prepared, even on this ground, to maintaid ita rights; but it now discovers that it does not stand slone, and that a broad distinction must be made among the people of the Bast between the induatrinl classes and tho money-lendors, The statement was modo at the Now York meoting that a ailver potition aotually re. ceived 64,000 signatures in that Btate, which 1makes it extremely doubtful whether, on n popular vote, the gold clique conld carry the State, All this has been carefully concealed by the Now York journals, which have pur. ported to reflect, or at least fairly represent, public opinion, by. porsistently suppressing sll indications of any soutiment running counter to theinterests of the money-lending class, Though tho statcment has hoen 1ande that the New York meeting was largely composed in numbers and soutiment of greenbackers, the resolutions do not confirm it. Thore is nothing in them to warrant tho assertion that the meeting had any other objoct than that for which it was ostensibly called, viz. to demonstrate that the proposed remone- tization of the silver dollar has its friends in New York as well as elsowhere through the country, and to demand the restoration of silver to the monetary system as o right, and as calculated iu itselt to improve the mercantilo and indastrial in. terests of the country, 'Flie resolutions urge tho immediato passage of the Bilver bill; set forth that tho remonetization of the silver dollar will tend to euhaunoce its valuo toan equality with gold; contend that it is unjust for bondholders to clamor for payment in gold alone, sinco the bouds were wade poy- able in *coin,” which, at that time, mesut silvor as well as gold ; denounce as falss the statements that silver legal-tender will lesson the wages of labor; opposc any limitation on its logal-tender value, which would give one kind of coin for the citizon and saother {for the bondholder and capitalist; and, flual. 1y, predict a rotnen of confidonce, & ravival of business, and increased omploymont as the results of remonotization, There is certainly nothing in all this that indicates a disposition to favor the indefinito postponoment of re. sumption, or an inflation of irredeomable groonbacks, "The simplo fact is, that, in New York as in othor soctions of the country, the continued distress in Lusiness lina awakoned & wide. spread hostility to the fatal policy of forcing resumption on an exolusive gold basis, and ‘brought about the conviction among a large portion of the peoplo that the only safe and practicabld way to resumo is to restore the same conditions that existed at tho time specie-payments wore suspendod. The property and business interests of New York City have suffered as soroly as those of any other city in the country, The avar. ngo shrinkage in the values of real estate and sccuritiea has been groater there than olsewhers, A striking instanco of this fact wasshown only last wack by the voluntary reduction by the Ninth National Bank (one of tho large financinl concerns of that eity) of ita capital from $1,600,000 to $760,- 000; that {s, threec.quarters of a million of dollars had beon wiped ont by losses, shrinkage In real-ostata values, and doprociation of collaterals. It ia not likely hat this bank stands alone, but moro proba- Dblo that its condition is a fair index of the genoral condition of the financial nnd mer- cantilo institutions of the city. Thera s no reason to wonder, then, that thero shonld be n powerful sentinient in favor of a change in New York as well a8 in Weatorn cities, A QUESTION OF INTER-STATE JURIS. DIOTION Tho corporation known as *‘ The 8t. Louis Packet Company ” has, through its Prosident and Becrotary, notified the Canal Commis- slonors of the State of Illinoia that that Com- pany denies the right of tho State of Illinois to exact tolla on the boats of the Company possing throngh the lock near whore Cop- poras Creek empties into tho Illinois River. It will be remombored that the Illinols & Michigan Oanal extends southwardly 100 miles from Obicago; that tho purpgse of that canal was to afford navigation between Laka Michigan and tho Mississippi River, {hrough the canal and tho Illinofs River, Tiis purposo, however, was mensurably dofeated by tho often.recurring failure of tho wator in the Illinois River during the summor senson. At thoso seasons of low wator the canal wascut off from the river trade, bocause of the want of navigablo communication. Tho State of Illinois, after having vainly urged Congress to make this river improvement, undertook to do the work iteclf. Thero were soveral points at which improvemeuts wero needed.to over. come natural obstructions to navigation, and to overcome the deficionoy in water at other gensons, The river was survoyed, and it was doolded that tho construction of a dam and lock at Henry would practically add sixty miles of continuous navigation to tho canal. The samo schemo included n like dam and lock st Copperas Crook, and that throo other locks and dams at lower points would make the navigation of the Illinois River for the largest. classa of steam- ers continnous annd pormanent {from tho Missisalppi River to the junction with the canal, and -thenco to Ohicago and Liake Michigan,. The Btate made an approprin. tion for this work, and also appropristed all the surplus rovonues of the canal. In duo course of timo the dam and lozk at Honry was constructed, and the business of tho eannl wna incronsed. . This cost in round fig- uros $160,000. In the fall of 1877 was com- pleted tho socond lock and dam nt Copporas Creok atn cost of about $150,000, mainly paid forout of tho revonuoa of the canal. Itia proposed to go on with tho work, which hns thns far beon economically but most eatis. factorily executed, By the construction of the dam and lock at Copperas Crock navi- gation has beon secured on all parts of the river nabove that point. In dry seasons such navigation was impossiblo for the want of water. Tho construction of this dom and lack has rondered it possiblo for the 8t. Louls Packet Company to run its bonta botween 8t. Louis and Peorin at many sensons when, in the nbsonce of the dam and lock, it wonld be impoasible to do so be- cause of tho want of water, and the bars and rcofs, The Bt. Louis Packet Company is perlinps ono of the largost boneficiarios of the river improvement. Without such improve. ment, tho navigation: of the Illinois River would beton great extent closod to that Company. The Cang] Commisslonors of Illinols, under authority of the State, hava eatablished tolls to be collected on these locks. Tho tolls are hnnposod not so much as a mattor of rovenue, as to'pay for tho cost of attending tho locks and keoping them in vepalr. . Now comes this 8t. Lonis Stoamboat Com- pany and ralsca tho quoestion of constitution. sl authority, It denies the power of the 8tato of Illinois to dam the river and thns render navigation possible at all timos, If {he State has tho power to construot the locks and dams upon a navigablo river, it has the power to collect tolls from those who use the improvement. In this case, when this fin. provement was firat projected, Congreas gavo its consent to the work, and made an appro. priation in nid of it, It was thus eanction. ed by Congress, In the cose of the Louis. ville & Portland Canal, Congress gave a pri- vate ocompany the powor fo constract locks and dams, and furnished money to go on with -the work, snd Con. gress furthor authorized the Com. pany to collect tolls from all Loata using the improyvoment. 'Tho objection and protest of the 8t Louis Company will, it is promised, be takou to the courts, but of the final deter. mination thers can "lLardly bo any doubt, 'The Illinols Rivor improvement is one of tho finest works of the kiud in the country, 1t will cost, whon completed, somoathing over $2,000,000, aud, so far as cost {s concerned, may be said to bo one-half donme, It is in. tended to make the navigation free, except to the cost of operating the locks, and thia charge will bo comparatively wo slight that 10 objection ought over to bo made to it. The Widow Iicxs,, now securaly Mre, Lonp, may be credited with having discover- od a now way of paying old debts. It ap. pears from the statemonts of the son Cmagczs, the promising child who wrote the threatening letters to the widow and sigued them ** Yours in consumption,” that the widow succeeded in borrowing §100,000 from the sonior Loup and then left for Eu- rope. If thereis anytbing dazzling in this world, it is a widow with $900,000. If thore is any creature on the face of the earth who ia liable to have a good time, it is & widow who possesses $900,000 with a disposition to spond ft. Mre. Hioxs-Lozp seems to have filled oll these conditions. HBhe put the old gentleman's money where it woald do tho most good. Blie was the gayest butterfly in the English motropolis, Ble gave dinners, ¥ milifon ; Tl Lonisiatn ad plant:d .o augar cane, htato of eaxitivation, with strong lovees and guod dralnage, i capablo of mnkmfi more than a mill- {on tons of sugar and three will] solrces, and fotes, &ha bought her way into the bon.ton of London, Bhe had cooks, hoir-dres mors, maids, liveried flnnkies, and high-sto)sping horses snleoted without regard to oxpenne. 8ho entortained Princos, Dukes, Earls, nnd Diplornats, foted Ministors and fascinated the hengoers-on at Court—all ex- cept the waenen, more than #900,000 would look down upon would considor she mado innumerable mascnline conquests, Of courss women with women with less an upstart; but noel her her, ond she had & long and brilliant train of ad- mirers, and led a #ife of gayety and splendor 50 long as the morioy Insted. But the reck- lessness with whisth sho squandered it soon brought her to this bottom of the pile, and, womio than aat, settlement day was at hand and no nssehs o meot her contracts, But the widow was equal to tho demnands of the occagion, for stio took the bull by the hotns, and, bringing all her wiles to bear, led the old gontlotvan to the altar and married him, and thus exncolod the debt by turning her. self in as )0 only asset sho had loft. As tho old gontloa an socepted hor in lien of the debt, and s sems to bo satisfied with the set- tlement, peirhapa it is nobody's business o flud fanlt *with it; but it suggests some alarming a mergencice to singlo old gontle- mon posses sed of large wealth in localities thickly pog wlated by widows with borrowing propensitie s, ‘The New Orleans Pleayune is highly pleased with the W oop tarlifon sugar, which grants mora **prot ection’ than the Louistana planters enjoyed bef ore. It goes into cestacles over the future antdzipated productivn of saccharine in Louislana. Hearit: Loulst 4oty has made, in o singlo year~the year —47 0, 000 hogheads of augar, over five hun- dred millifen pounds (600,000,000), The fama th scs nmounted to ot less than thisty s, Not ane-tenth of the land in inted to sugar culturo has ever been ‘I'ils State, nnder a high ion burrcla of mo- Jasacs, forty gallons each—more than tha peoplo of the UnitxL "Statos will need {urly for perbaps thirty or forty yeam. It may with safety ba atated, that whe.s sugar culture 1n Louisiona 18 as skil fully manmyed and a8 cnrefull* devoloped cultivaticn of the vine ia in France, tba yearly sugar crop of this ‘uate, with sugar at five conts & poundn.od moiasscs at Lwenty cents a gallon, will amount tmat leis than one hundred nnd ffty milllondollars. "fhese statements may appear ex- travazant to those not familiar with the vaat re. sourcas of this Btrite; but we think wo speak un- derstandingly upon this subject, and can establish 1he carrectu; that cannot f onr statement on & foundation a ken, m— A bill has been. introduced into the New York Asscmbly to sccure for every criminal sent to prison religlous inatruction by n clergyman of his own faith, so that the Catholic murderer's faith will no longer be sapped by the insidious teachiogs of th: Protestant chaplain, or tho Treabyterlan burglar lured from the creed of his fathera by the minlstrations of an Episcopalian. “This ts, Indeed, an fnportant subject; but If a man's love for & particular crcod doesn’t keop lim from violating thd Ten Commnndments, why should ho be so anxlous to cultivate it in' all its native ferouity. when he gets bebind the bers, ch? ————— At the heginning of last month there dfed at “nnaul. Hrauce, a man of strange, eventiul hls- tory, 16 MinvAULT by name, Born In 1774, ho wenl_thr tha American Itevolutionary War i with Laraverrz.—New York Sun, As the Revolutlonary War ended beforo M. Lou1s Mia.vauLt was 10 years old, wo fear that the Sun 1y mistaken, Its error {s doubtless at- tributablo to the fact that M. Loois dMinvauLr was u arn1s at the time. —et— ‘The lats Mr. Cnanprer (W, E.) 18 sccused by tholate Afr. MuntaGu (W. J.) of taking usuri- ous Interest. It is an edifying spectaclo to ob- scrvo thete two gentlomen,—as it were,—alter dolog all that lay ln tacir power to ruln the Ro- publican party, cndeavoring to ruin each other, —CnaND LER by clinrging MunTAuit exorbitant Interest, MukTAGH by repudiating CHANDLER'S debte foomoe o - ——— Jacon Huntzinaem, of Pottsville, Pa., was fifty yenr s ago a penniless youth, without influ- ential friisuds, By dint of encrgy, industry, and. economy,, he gradually made his wayin the world tlil a week ago he was sent to the Peni- tentlary for swindling thedepositors [n bis bank out of » million aud o Lalf doliara. ———a—— Our New York namesake does not appear to 1iko tne Presldent’s Clvil-Bervico reform, and it basn’t much oplnfon of S8ccretary Scuunz, clther. The fact is that Mr. IlAxres is giving too much attention to a pacific Unton, and too little to the Unlon Pacific, e —et— Ex-United States Treasurer BPrNNER has ono advantage over ordinary mortals, When liois traveling on tho care, and the cork geta Jammed into the neck of his pocket-flask, all he has to do Is to write his signature ou a plccs of paper and use It for a corkscrew. —e— Peoplo who fret about what tho Natlon says ono way or mnother forget how Mr. Gopgiy, its cditor, was once described by another New York journalist: * The trouble with Gobkix," eald this suthority, *is that he has got ono 1luog and no scnse.” e t——— Mr. J. 8. Moong, **Tho Parsea Merchang,” who speaks all the modern lanzusges with equal flucney and Inaccyracy, doesn't think much of tho Woop tarifl. 3r, Moour wasn't con- sulted fn proparing this tarill; perhaps that's why. —————— & PERSONAL. Florenco Marryntt's now novel s called A Littla Stepson. * It was o Michigan choir which sang, * The conrecrated cross-cyed buear,* Courbot, the Communist and artist, used todrink thirty-ive glassos of beer & day. Gen, Joe Johuston isa Congressional can. dldate from tho Richmoné (Va.) District. A Russian named Ozar is sald to be at the head of & schiomo to colonlzo Asia with Earopean Turks, Susan Dickls, heiress of an estate in New Yorik worth §1,000,000, ison inmste of the Bloom. fugdalv Insane Asylum. The Rev. Washington Gladden is conduot- ing Sunday Afiernoon, » monthly magazine pube lished In Springteld, Mass. ‘When tho editor of the New York World spokoabout ** the ophicieldes of the wind,” ha Was prolably a little that way himself. Speaker Bheppard, of the South Carolina Assembly, wears a robo of black silk, trimmed with purpie vclvet, which cost the State $500. Josto Fowler, of Now Haven, snuffs can. Qles and coren spples with & revolver. The youny meu are excoudlagly respectful in thelr attentions to her, When Stanloy was in Omaha just ten years ago he was a prodigy of gus, gomus, and conge- niality, and fow landlords had the choek to present & board-bill to him. Georgo Washington, of Kentucky, playfal 1y struck a mule with a hasket, and the male play. fully struck back. The children are ncgotisting with 8 skeloton manufacturer, Dr. O. W. Holmes is busily engaged in preparing a monograph on John Lothrop Motley. ‘Yhey were ciassmates at ilarvard, and this is the only biogaipny of the historian which fs likely to appear. . ‘When soting as & newspaper correspondent in 1835, Senator Gordon made such an impression on the membors of tue Georgis Legislatyre that bo recoived tho compliment of being called upcn fora apocch at the closo of the scarnon. Tho threadbare story about a clothing. dealer who cautioned & customer agalost meation- ingtho terme of als barglan to tbo dealer's parte Ber, 84 the latter 'sas subject to the beart-discase, {s sugeosted by an fucident, occurring recently fn Connecticut. Samuul Calbcun, & Cigar manu- factorer, aged 48, wben offored an uuusually low price for bis tobsovo, suddenly fell loscnsivle, and bas since died from the sbock, WASHINGTON. Interview with Dr. Linderman, Who Nearly Doctored Silverto Doath, Now that Ho Has Failed in Killing 1y, He Bolieves It Will Get Woll. Things Very Geonernlly Like g Whale, or & Camel, or a ‘Weasel. Linderman Tells tha §lver Men o Little Law Worth Know- ing. No One Wonld Ever Think Mo Wai Raved Agalnst Silver Like a Hondholder, How J. Madison Wells Played It on thy ‘Washington Reporters---His ' Arrest Noar Home. The Reason Why the' Diaz Gov. ernment Has Not Been Sooner Recognized. DR‘. LINDERMAN., AN INTERVIEW WITH THIS METALUIO QUACK anectal Dipateh 1o The Chicugn Tridune. ‘WasmisoTon, D, C., Feb, 8.—Dr. Lindermas, Dircetor of the Mint, is one of the officers who will be charged with the exccution of whatever Sliver bill moy Le passed. Ilo Is generally known as a single-standard man, but from the following authorized statement made to T Trinuxe's reoresentativo it will be scen that the Director of the Mint will cheerfully co-operats In any Remonetization law. ‘The fnterview i noteworthy in many respects. It outlines the plan of a proposed compromise on a dollar of4% gralns, shows tho capacity of tho miats, ang, most significant of all, discovers a law alrcady In cxistence which, interpretcd as the Mint Director interprets it, would have, to a great extent, THB RFFECT OF THE FREF COINAGH of the Bland Wi}, and would permit the fesueof coln certificates receivable for customs for % per cent in excess of the amount of coin and bullton, gold or silver, which may at any time be depusited {n the Treasury and mints. The following Is a condensed synopsis of thisim. portant interviow: Q.—You hnve observed closely the debata upon tho question of remonctizing silver, What will bo the result? A.~The indications ara that the Bland til, which provides for the colnageof adollarol 41244 gralns, with legal-tonder power, will bs passed by a decided majority. It f8 possible, but hardly probable, that A DOLLAR OF DIFPERENT TWEIGHT may bo substituted, but there will be no limit upon its legal-tender quality. Tho debate ha been unusually able, with, perhaps, a better comprehenston of tho subject than Los charse terized any previous debato on money standards, although the discussion which preceded the chango of standard in 1834 was ableand ex. binustive. Q.—Supposing the Bland bill shall become 3 law, what will bo the effect] A.~~That is o broad question, and by m means casy to answer. If it should not be fol- lowed by the restoration of tha rdlative valueol gold and silver to that which prevailed with bat slight variations for many years preceding the demanctization in 1870 by the German Emplre, WIICIE 18 DOUNTTUL, silver would becomo tho actusl money standard, prices would riss to eomo extent, aud zold would command a premium and bo exported. 11 the balanco of trade should be deefdedly i’ our favor the los of zold would be slower than Af the balance of trade were against us. Q.—Suppese the peuding Lill should be amended so a8 to require the coinage of sllver to bo mado on account of the Governmeal, would not that provent aliver from becoming the etandard? A.—~No. THAT WOULD BE OF NO CONSEQUENCE, except that it would "givo tho Treasuryy fnstesd of the owners of bulllon, any guin thal might arlsc from colnage. This is right. bt the controlling feature of the Treasury fs the unlimited Iegal-tender, which, when onca glven, will quickly overcomo sall subordinate restrie- tlons. Q.—What do you think of the Allison amend: ment, which provides for an Intcrnationy Monctary Confercncel? A.—It cannot too quickly beconie a law, whether the Bland bill does or not. The consid: eration of the question by a body of men spe clally sclected by the diffcrent countrics for the purpose has becume & necessity, TII% TROUBLOUS CHANGES 4n the relative value of tho preclous metal hars xesulted chiefly from the scparate action of dif- ferent countries, and is not at_all Jikely to b renioved by ono , country establishing a doubls standard on one ratio and another vountry oo o different valuation, Uniform rates must be adopted, or silver canuot continue as a full legal-tender money §n Europe or the United Lutes, Q.—What ratio or rolative valuation in the gold colnage and sltyer dollar do you propost A—lam'n favor of golil as’tho principal money of payment in this country, and TUE LARGEST PRACTICADLE USE OF BILVER 3 an adjynct, and believe that our people would not long consent to tho use of silver to tho exclusion of gold as monoy. Ob this latiet potnt the questfon will ultinately turn. Bomeof tho ablest advocates of the duuble standurd in this country admit that it must, in tbe nature of things, be subject tu perturbations, but the appeur to think that 1t is better to run the rbk uuder a double standard of chaoges in the rels- tive valuo of the two mietals than to adbere to the single standard. The ratio, under the T3and bill should it pass, of tho valus of silver relatirely to gold is aboul B PER CENT LESS than In the legal-tender allver colus of Frane and her monetary allies. And they may cols in the meanting as much as they pleasc, ouf mlver coln would be exported wucuever tio countrics refersed to shuutd open their miats 1o the coloage of stiver, The adoption by us of the ratioaf 1to 153, the present time, I8 nelther oxpedient nor practicable, nor can 8oy ratio be now fizyd with any probabliity of ité belng maintaioed for more than oue or (WO years, ‘Therefore, 1should say that THE PROPER COURIE TO FURSUN should be to establish » temporary ratio upoo & fair basts, with tho cxpectation that ft mlgbt require moditication at tho end of oo or two yeurs, and, in the meantiue, lct the subject bs examiued and considered by an {nteruationsl convention. e LOW WOULD YOU ALBIvE at & temporary or provislonal ratlo 'A.—\Whstover causes produce & depreclation M‘:nml of the nleclnclllln mdel.nll lplz;edn’t::‘fl:: otler in & corrcapondlog degree; therefore, would be as unfair totix muflrzun of the silver dollar on the prescnt market relation as it would be to fix it OO tbe relativn which prevafled in 150 beforc the great disturblog cause, Tha aver: of the two would appear to ba the best most equitable basts on which to ix the of the silver dullar, and which aversge peuce, the cquivalent of which in United Elu'lc: standard sliver would be about 423gralos, Wit uurestricted legnt-tender, TUR FURCHASING FOWEH. of such a dotlar would probably prove equat to thie gold dollar {rom tha start, and it muh: salely be cowued for privato parties for at less oue yoar aud coin-cestiticates be Issued vpoo the Treasurs. sllver bars deposited o When the prescat excited fecling shall III'T cooled down, very few will fall to see th nl&‘ {mportance of adding to tao arculation i lurge awount ot gold which has sccumulated |fl' this country,—ucarly §200.000,000,—apd rcul:_ 10g ¢ bere.” Any measure whilchresults ln seu ing this accumuiated stock out of the coutsy aud substituting silver in its place will . . HOON BECOME UNIOPULA, b and calls fur leglslative relicf. Beheviog ! addition, at an carly day, of this large stock old colu to the curculating medlum, aud fts tentiou fu the couulry, to bo ubsolutuly secsd