Chicago Daily Tribune Newspaper, February 28, 1878, Page 4

4 THE CHICAGO TRIBUNE: THURSDAY, FEBRUARY 2+, 1878 + =T preminm on jnnhnck. will speedily decline | ic Governors of Maryland and Virginia lost | stance nenrest to nothing, and payablo or re- The Tribance, : under this competition of silver with gold, | notime in summoning the nationn! police to | deomable in nothing, will be worth just what TERMS OF SUBSCRIPTION. a ring of n dozen type-foundries, so that they | currency, the silver coinage will bo disre. may still farther tax the printers for the sake | garded and the country nrged, if not driven, of incrensing their profits. Newspaper- | into wild schemes of paper-money inflation, publishers and printers shonld place this at- | We do not nnderstand what good purposs tempted outrags boforo members of Congresa | the President can hope to accomplish by in its true light, and demand that the extor. | ngnin opening this discussion. e cannot tion be crushed ont immediately. That a | chango a voto in Congress, but he can give dozen type-fonnders, employing but 700 | new vigor nnd intensity to tho popular in. tive-bullderr. The Auetrallan Government, hay. ing consented to give n trial to Amertean roy). ing stock on {ts rafiways, finda that the Ameig. can enginea are sunerfor to the English on tne steep grades and sharp curves of the mountalng, and that they sit the lina more easily aud roung thecurves with less friction than the rigid B glish engines. Another material arzument 1y %0 the three lgal.tender currencie will cir- | their help. The peoplo of the North will | it Is intrinsically worth, viz. : nothing,—snd culate very noarly on an equality within a | not, however, on this account submit pa- | so the country wonid estimate it. fow months of tho remonetization of silver, | tiently to the rnin of the present army, e T All over the United States there will bo a | either to punish those who fought for the ‘The flop that JAT GouLp's paner has lll;m:d popular demand for the ro-established an- | Governmont or reward thoss who fonght g“"":.:‘n':l”;o““"‘”l"g::e ::‘"‘:ug“"ifi::":s:,' H :‘: ciont dollar, and the importers will have to | againat it. They still posscss the ides that " 7 DT MATL~TN ADVANCE—FPOSTAGE PREPAID. Taily Fdition, one year.. 812 Jarihof ayear. ver mon Fundny “Pditlon: ~ Literar Joritles i really Isughable, Witoess this speci- | their favor is theic price, a8 the Amierican en. Tianfle Eheet §:30 | men, should be allowed to tax 20,000 printing- | digoation which has been excited on this bid np pretty woll in any caso to got their | tho Northern soldiara wera deing their duty | men of somersault: glne can be furnisned §3,000 leas than the Ep. PR . o t0 | houses, employing 200,000, for their own | question. Does he propose to bnild up a | hands upon them. The moment they fail to | in fighting for the Government. Bnfficient | The stlver doitars issed under the restrictions kmh.l The result of the trlal s that the Eq. i Se e "1 profit solely, wonld be little less than whole- | Greenback party which will sweop this | bid s little above the value of greenbacks, | timo has not yet olapsed since that War to %:":;,’,‘:f";’f“.‘.";"‘ :,{'e'rmf,:“;,’ shie xalg_out ol 5::;‘;,”::;‘3:":"'.':‘:;";:‘: In danger of 1osing e cony, ner ye L ] 5-33 sale robbery. conntry with its policy? 1If he, by his veto, | the popular ntiraction will draw tho new | wholly efface its momories or tocreato onin. { tnat ' bad ‘money drives out xood money,™ de- il s Rl e — could defeat the Silver bill, then Tho report of the appointment of Lord } an oulraged, injured, ond plundered Nar1zn as Commander-in-Chief of the Drit- | people, taking the eleotion of Congress into ish nrmy now being mobilized with a view | their own hands, would make, without the to a conflict with Russia, is folly confirmed | least difficulty, unlimited and irredcemable in this morning's dispatches, ns is also the | legnl-tender greenbacks the exelusive cur- selection of Maj..Gon. Bir Ganxer WorseLEY | rency of the nation. Does the President na his Chief-of-SBtaff. This action by the | desire, by a wanton expression of his con- British Government is regarded by the war | tempt for the popular will, to encournga party in England as tantamount to a notifi. | these extravagant currency schemes, and to cation to Russin that overy proparation is | extend the excitement begun on the miver being made for notnal hostilities in the ovont | question to other questions entirely distinet of Russin's persistence in concluding the | therefrom? Wo trust the Presidont will not treaty of pence upon terms inimical to Brit- | follow the insane ndvice of either tho gold ish interests, Al this fuss and flumry | faction, led by Jax Gootp, or the irredeem- scems to produco no effact at 8t. Petersburg, | ablo.paper party, represented by Burren, and it moy be set down s certain that the | Both demand a veto, and, if possible, the Czar is not golng to be frightencd into the | dofeat of the bill, that thers may Lo new relinquishmont of the doarly-bought advan- | excitoments, now disturbances, and svontual tages of his position as the conqueror who | prostration of credit and capital. Lot us is ontitled to dictate tho conditions of peace. | have submission to the Silver bill. *Let us Not even the theatrical parade of figures in Sir | have peace.” Garner Worserer's paper in the Nineteenth Century, showing that 400,000 drilled men can be formed into line to.morrow by En- gland, will delay the signing of the peace treaty. Tho splurgs pleases the Russopho- bists, and hurts nobody else, Erecimen capiea sent rree. Give Post-Oftice address i full tncluding Stateand County. Remittances may be mada elttier by Araft, express, Tost-Office order, orin regtetered fetters, At ous risk. TERMS TO CITY SUDBSCRIDERS. Tally, delivered, Eunday excented, 20 centa per week, Dally, delivered, Eunday ncinded, 30 cents per week. Address THR TRIRUNE COMPANY, Corner Madison and Dearborn-ste., Chieago, fil. Ordersfor the delfveryof Tuz TRinCNEat Kvanston, Englewood, and Hyde Park left In the countlog:room wiilzecelve promnt atiention, dollar out among the people, who will be | difference with regard to the strongth of the ";:"‘,'f;n':,"“ge"[‘,fi: Molule equait ,,'"n','}fm‘.;,'fl;‘,:“.fl disposed lo hang on fo them. Asthe pre- | army, If the sontiment of the Northern hc;rr'l,e- into effect 0n '""r'" of nest Januare mium declines over greenbacks, the holders | people could make itself heard on the floor :::gu‘m'ufc‘""" CErbentucus wil be ot por,and of gold will feel less and lesslike epeculating | of Congress, it wonld diotate a moderate in. ::‘uv:’fn foLa e 1 mralan felth for a rise in gold, aud honrding it with that | crense of the rauk and fils, which would | Tu'the meantime not enangh of she eliver wil have view, Gold will have no ndvantage over | furnish work for unemployed officors rather | been fseued ta have had auy disastrous effect on k3 our atock of gold. Taat may be Indirectly de- siiver on tho score of porinbility, because, | than o decrenss. We do not need a gront | creased by the return of United States bunds, but nnder the Autasox bill, silver coin may be | standing army, but we do necd a force suf- | £/ O beine crouciad vt by the Hiver colns, Blter deposited in the Federal Sub-Treaatiries and | ficient to meot such emergencies as may | gold coins, of e al-tender qotes, 8 may be most silver certificates be issued threfor, The [ nrisc any day in our Indian and Mexicau re. | Sonvemicnt. Nolther one, on account of ihe opera- ttons of this bill, will be'at a discount. bill reads on this point an follows : lations, or in such attemptn ns were made.| Gold, It is confessed, will not bo driven out of W 8re. 3. That any holder of the caln anthorized | Inst summer by riotons moba in our Iarge | the conntry by silver,and sitver willcirculateona “{!‘r"g:‘;‘y“(',‘,:l‘;&“'fi"#:::';r;,".‘,'fih‘;’t':,mfilg‘fi::: cities. Hnd there been an army of even | levet with zold, and no ane can get a silver dol- m"-cnl-:: c’a“r’l‘lfllg‘l.e :w tey 'mlu:':a“n‘n!«ln geeve modorato strength in existence lnst summer, :nr \\'I’lhfl;fl p:i"“ s sr;}&l do‘llm;. or Its enmlrnr; ol 4 ‘ ‘. . each, Correponding with e denominations of the | those rlots would never liave taken place, | lenty e D :c,,m;,;am-l'-',:;flgfi‘ United States notes, ‘Phe coin deposited foror | and Democratio Governora would have been Syt ki A s representing the certificates shyll be retained 1n 1 Tustily | Braln “debased,” *‘clipped,”” Ol-centers are not the Treasuey for the payment of the eame on do- | Spared the mortification of bawling so lustily | &, pag feliows, on & neareracquaintance, after P ors e e i, sei when s | fOT troops to pnt down an uprising of the | i, [ & short time GouLp will be fortifying Teceived, may be relssued, mob, against which, with all tha resources of | the above quoted opinions by citing the example These silver certificates will circulate as | their States, they were ns powerless na | of France, where 500 millions of legal-tonder frooly ns $10, €20, $50, and $100 bills now | children. A single company of rogulars | silver clrculateat parwith wold without elbow- do. They will cost 20 more to handle or | Filtsburg,ufalo, Wheeling Tndianapetie, | BF TU8 VAL T 2 0, SO ey remit than do greonbacks, Thoir insue de. (ilhlen!go 8ad: 81, Louls would hiavo dqnelleg pnrcnn{lnsuhnulhato( American silver dotlars. stroys at one blow all the objections urged | the riots In twenty-four Lours and saved | G 0 oy prove by the example of France that, agaiust silver money on tho acore of weight, millions of property. If it be necessary to untll the coinage of sllver exceeds $300,000,000, bulk, and unhandiness, They will ba re. | Spple the army to concilinte the Southern | wyy dianstrous effect on our stock of gold " ceived at tho Custom-House for duties on a Brigadiers, thon it would be better nand | need bo apprehended. After a few more flops, par with gold, They will practically be wiser to let them go unconciliated. The | GouLp will reach tho silvcr platform, and be legal-tonders, for no man will ever think of [ North has Leon sufficiently magoanimous, | has 'l"hl“l: 5“"“"'“‘"'“’“ “l’ ‘l"‘"’l" that "& b “: relusing them and domonding silver coin in- [ The Government hns punished no ono, | “orlkinal Jacos " on ihe silver quastiod, dn stead u?arnof. & Evory request made by tho South of a rea- I'“‘;l'" : “’:;l:“ l"r"‘: ot :::’l‘“"“u'“"“ of that Dut it is contonded by the goldites that, | sonable nature hns been conceded, ud, if | MUIPeRasblo precloms Ttl, aftor & while, when silver becomen plenty | the Government has erred ot all, it has orred | Canon LippoN, one of the most eminent and the country is saturated with it, it will | on the side of leniency. When the Sou h | men fn tho Church of England and a very de- then decline in value, and fall into s dis | sttompts to lay its hauds on tho army to im- | cided High-Churchman, has written a lettor count, How can that bo? and how long | poir its eflcioncy, or to manipulate it in any | 4pou ';": E';F}"" A "“'Ifl" ;:,fl“;"'":'- will it requira? They say that gold will not | mauner so as to rostora Bouthorn offloers to | desluf truth In a nutshell. In his letter ho take o much mora silver to fill its place. | ory hands off. Tho South will get into the Franca floats moro than 800 millions of siiver five-franc pieces, and twice that quantity of ———— What about that Mextcan war! Tha fast matty which bave awept from the South have nop brought to our ears the din of battle and thy clash of resounding arms! Our Mexican breih. ren nre wot aoparently alrcady in the fiey thirsting for the blood of the Mellean man, Why stand thsy (dles Wil not some one pukq up the wild beasts and make them roar, so thay Congreseman SciLzicuen, of Texas, shall say, * Let them roar azain, let them roar again'} ——————— TRIBUNE 311 OFFICES. iz CRICARO TRINTNK has established branch offces for the recelpt of subscriptions and advertisements as follows: NEW YORK—TRoom 29 Tribune Dullding. F. T, Mo: Fappxx, Manag TARIS, France—No. 16 Rue de Is Grange-Batellcre. . Mantxn, Agent. LONDON, Eng.—American Eschangs, 449 Strand. There {8 onn thing for which we are thankfu), Research into the ceremontals attending upon the creationand coronatlon of & new Pape shaws that there t8 no chane or offlce contalning the address to the new Pontift, ** Annos Petrinen videh *Thou shalt not sce the years of Peren.” 11 this fact Is generally made knowg, it may za far to amellorate the horrors of tie editorials and vbituarics whenever another Pope dies after an unusually long reign. ——— — A vast crowd was recently attracted to the AMUSEMENTS. East River in New York by the announcemeng that a man would walk ncroas the sireatn, 1l accomplished the passage in safety, and an en. thusiastie capitalist Lought the patent of the 1ife-preservers he wore attached to hls feet for $33,500, A local paper describes them ns **leather barges or tubs,” but they are in reality only the old shocs of a noted belle of the rac MeVicker's Theatre. between Dearborn sad Btate. OUR FOREIGN TRADE. Taz Tninuxe has frequently described the woful condition of American trads with Cuba and Porto Rico, and has nscribed the disadvantages of tho United States in tlat caso to the unjust discrimination of the Spanish Government in overtaxing American exporta for its West India possessions, DBut this theory will not explain the deficioncies of onr commerce with the States of Central and South Ameriea, which, by reason of ge- ographical proximity and natural affinities, sliould overbalance the commarce of all oth- er nations, Tho following table shows the npproximate trade of tho United States and Great Britain rospectively with the Contral and Bouth American States for 18763 Hooley’s Thentre. Tandoiph street, between Clark and Lafalle, Eogsgement of Mme. Jansuschek. **Chesney Wold.® Now Chicago Theatre. Clark strect. oppostie Sherman House. Eogsges ment of the Hyers Sisters Combination. **Out of Bondage.™ ———— Mr, CoxrLING is preparing an oration on the British sparrow question, which thase who havg been favared with a view of the manuseript de- clare will bethe greatest oratorical effort of hielife. It will certninly be delivered, unless the sparrow Intereat shouid develop unexpect. ed strength. The utter faflure of justico in dealing with the guilty renderors sonth of this city, who porsist in loading every brecze from that quarter with perfectly ob- noxious - stench, bhas now pushed the forbearance of the most patient citizons on earth entirely over the limita separating long-suffering from poltroonery. If, on one of these ineffably-stinking nights, an invin. cible host shall rock Halsted stroet in its angry march southward, and if, immodiately thereafter, tho ronderers and their vile Tinverly’s Theatre, Monroe street, corner of Dearporu, Engagementof Colvilie's Folly Company, **Robinson Crusoe.” Colisoum Novelty Theatre, Clark street, opposite CourteHouse, Variety ver- formance. ———— THURSDAY, FEBRUARY 28, 1878, e A man could have made lots of money In New Orleans betting that all the excetions taken by tho dcfensa In the Returmng-Board trials would have been overruled,~that s, {f he could have got anybody to take his bots. Greenbacks at the New York Stock Ex- the Digscnters. o points out that eclghtecn ormy sufflelently soon throngh the legitimate | nontns ago the English had a splendid oppor- change closed at 983. channels of West Point. Until that time, | tunity of froeing the Chrlstian subjects of Tur- 1L, nnA Trado with Great Dritain 850,000, 000 — ——— property shall be swopt, hide, hair, | Trade with United State: + 61,000,000 | gold, and four or five hundred millions of | let the rank and file of the army alone. key from oppression without shedding a drop TWhon A n&‘:"’kl’“ mm"fr it :“ ":,"fl'd L Tho Rov. Dr. Aursawpen Bonorss, of | and entralls, from th o th 1 blovd, and at the same time of erecting bar. | tHeerphaned dauzhiter of alamented and weally o Bev, Dr. ek h and entrails, from o rogio ey $10,000,000 | paper besides, If our mints can turn out n P L0 gt Rireeh bitlon I tho D “‘M broker, the marriage takes place, like an cmer. Springficld, Mosa., has been elected Bishop | have so long polluted, it is morally certain ol BUleraccin 4,600,000 | stendy stream of silver dollars at the rate of Tho Toled GB(\}EATBD“MON}:Y. heistent HN‘IIIKI "’“‘,, e"" l:l‘":";" 0;:“:",“ h“u fi::‘le :: gent Papal Conclave, **fn the prescace of tho " Q;“ncy l.;ybth: gwlfi:m; cl:ln";ulon‘flyn : that thero {5 not going to bo any vory great | myqqq win areat Drital "1s. $11,000,000 | 60,000,000 a year, it will consume aiz_yoars 5 Taledo: Conventios, after chilitanlng | prolaces (shires Seeal 0 corpse. is of a cclebrate ode Island family, stink raised In behalf of the pecuniary suf- ferors. It has happened before now that Trade with United State: itself *The National Party,” howod out | RO ambitiun). “Instead of this,’* says the somo singular planks for ita platform, In Canon, * wo have handed over to Rusaia tho 4 . 4,240,000 ni Be to equal the silver legal-tonder in Franco, $ 0,300,000 man of fine attainmonts, and, if he accepts and at that timo wo shall have ovor 50 mill- If the 15th of Fobruary s Wasmixazox's task of freeing thi t 2 vast cont of blood and | birthday In the New York Tribune offlco, h nnd is confirmed, would mnko an excellont | the people took tho law into thelr own hands | Trade with United State 0,500,000 | Jiong of inhabitnnts against 37 millions in | th A8t rosolution it fs declared to bo * the fi.x:u.' En:u’!‘grmwe :‘t‘:t:er‘nnn;o':‘m golngto flkh‘f- [u: l: u.y(mm the Tall ’:‘awer to Zhnoi‘o;unnox‘:! Bishop. when tho incompotency or fneflicioncy of tho | rrags with Great Dritat 327,800,000 ( France. It would require nine years, at 100 | €xclusivo function of tho General Govern. | yor, out of sheer jealousy at the completences | Julyl e authorities had been fully demonstrated, and | Trado with United States 3,000,000 834,000,000 3,000, 000 *‘ millions a year, to give us as much metalilic monoy as that country now possesses, Tho production of silver bullion by the mines of the United States, ns estimated by the Di. rector of the Mint and the Bankers’ Muga- sine, for sevoral yoors, is s follows : mont to ccin and creats money, and regulate | of ler success.” Tho absurdity of England's {ta value,” positlon has never been stated moro clearly, al- No provision of the Constilution was eited | though tho Canon’a apprehiensions astowar may by any of the sponkors which conferred the | not be realized. England has done nuthiog to- power on the General Government to *‘cro. wards helping the Sclavic Christlans, has dono " nothing towards helping Turker, and, witn all E?“;::'{; ,,Eg:oio:::::;‘:: rfifih::ffi: her bluster, apparently can do nothing to helo ! 11, H atest achievoment thus far has of the United States,” and * to coin monoy piy b S been the smashing of Mr. GLADSTONE'S Win- and regulate the valuo theroof and of foreign | dows, involving that good man in some extra coins,” A coin is a pleco of motal of a cortain f~expense for glass and putty. wolght and fineness, on which cortaln char. P — nctors aro stamped, mnking it lognl money; and coinnge is tho act or art of colning or stamping preclons motals; and money is atamped metal usod as the medium of commerce. DBut the rag-babyites don't stop with * colning monoy.” They resolve that tho Government shall * oreate money.” To creato is to form somethingout of nothing,— to giva vxistence to what had none before. The idea iz, to take n ploco of paper and print on it words declaring it to be *dol. Iars,"—not a promise to pay dollars, bat dol- lnrs themselvos,—this to be done by the slmighty iat of the General Govornment, in. dependently of constitutional sanction or au. thority, for it is not pretended that the Con. stitution confers on Congroess and the Preal. dent the powor to *‘ create " money ont of some valueless substance, It is proposed by theso lunaties that Congress shall print the words * This s $1,000" ona alip of greozs colored paper worth ton cents n quiro, and force citizon A to raceive it In full pay. ment from ocitizen B, to whom bhe sold his house or farm! Unless Con. gress wholl proceed ono step farther, and onact, with penalties attached, that A shall sell his goods and chattels, housos and Jauds, to DB, or to whosver wishes to buy them, nnd take, his pay in this * created nioney,"” the possession of reams and cords of it will not. enrich B, or ndd nnything to his material well-belng, Unless people can bo forced by Congross to sell their property for the non-promise,. ** croated monoy,” it will uot bo worth as much to the holder as Con- fedornte scrip was to the defenders of the * Lost Oause.” It will constitute no basis of credit to B, for nobody will trust him for u dimo, or allow him to go in debt for the amount of a brass farthing, except upon n written agreement to pay for what he buys in coln or its equivaleut in valus, Those shupletons of ‘Toledo appear never to have thought of that. Tt did | Japances strect whers nowsboys wost do con- nmot - occor to them that avery | groiats ou the day that there s notonly “lots of bLankor and money-lender in the United | news® but “plenty to holler,” aud when crics States would mako all their votes payable in -:l-« :vn‘rd'u! "llll‘e‘n'- rcr;:l'khliéucm sm,;nl.lm— ¢l all about the collision on e Nurezara g0~ O Bt oy marcuant | et Wallrud P 7t by Chogs Shin bun, Meixokn Shinshl,—sccond edition " oxcept on colu contrscts. No man would | 4 3o Shinbun, oxtral® * Naklake Shinbun, voud suything except tho cash was seal | _j giclock edition,~ull about the murder at money, aud not such valucless shinplasters | Jjokotsokifl.” *Saav, KiLsianpisnss, I'm s this ** croated money,” payable never, and | atuck on fourteen Yominrl Shinbusua,—~It's worse redvemable 1n uothing. It does not seem to | thuu the Juter-Urean l«b.u .7 Whoovoup! have gccurrvd to any of that brawling crowd fleln-.’n‘a d.um’l:n ::;"l- ‘: lu»du|wnl b‘h.’;;?:ml:; that, upon the “creation” of the fanoy | **lerv's yor Yell Shinbun—only w yenl' an “nu’m-ly," the entire woercantile, mnnuu:- Mot turing, building, tradivg, and banking | gume of our Eastern friends of the profession clasies, by simultancous and spontancous | dun't scom 10 umdorstund that the circum- action, would rufuse to touch the ** orvated | stances of the vapitaliss snd Lh-‘ Inb::rell:-. flrl:lrlef wmoney.” Nobody would leud s cent, to be Paud mcrchant, are vot preclscly similar. The mmh{ init. All contracts would be for vunll:ull-t‘- lnrueyh-nvk-l Thve: ;hv-ll l:; ,,‘(':: coin payment. It vould uot bo made | etk tweuty-fuur hours 1o the day, an & legaldender for existing debts, as 1o stop for statutory hulidaya; it dves pot be- a come disshled in belting scvldents, is not com- tho Buprome Oourt would unauimously pelled to cemrs work In raluy weather, docs not condewn it as uncoustitutional and fraud. | gy upon rutnous strikes, sud (s not thrown out ulent payment. It could mot be | of emnloymeut by inveutions of labor-saving used 1 liquidation of future debts, forevery. | machiucry, body would stipulate In written sgreemeuts 5 for colu paymonts. No mechanla or laboror | o0 "or oly bellses to hear Little Binize would do s stroke of work uuless Liw em- | CyyupLxn cliecp agein sa to that bargaln and ployer firat atipulated to pay the wages in | jyyite everybody to tell biin what be protends coin money or something of, equivalont pur. | to kuow ull about. But somebow the universo chasing power, Not one of all the blather- | docan's stand as it mizht to listeu to his sccond skite domogogues who ottended the rag. [ letter. Weo think that Little HiLexe would buby squall in Toledo would sell any prop. | bow conscut o be placated with sumething orty to be paid for in' putent * crested | smwller thau Mr, Scuuse's place or the Itallan | % Izt agre money," or give credit Lo auybody with the ;::.l: "l‘m‘l;‘:b.&‘u:;; ‘;;‘:)fl.;r:..,(“:h:h;::, underutaudiog that payment suight be made | | yyuiude. Nok that we think, bowever, that in such worthleas trash. There was wot o | yy is worth placativg. crow in lhat whole flock of birds who AT m ba bt with b chaff; and e t's the price of osts a stranger ;::uthey ::::‘ '::‘ lu‘:;-blo pod :“. to » horuy-bauded kndiana farmer, Chalrwan of the chisf corner<tona of thelr political the Towuship Dewvcratic Executive Commit- tee. * Of votcs” saia thoold wap, who was edifico, Coln would become the sole and | r\ihor parq of beartug, * Wall, t¥o vears sgo universal currency of the couatry, on which | jyguey was pleuty and they brung sll the way credit alone would be given, aud for which | from $1010 $30, but this ls & sorter ofl-year, property aloue would be sold aud weges paid. { and, "vept lu closcly-coutested deestricks, you We got sloug with the forced nots, ** War | can get all you waut for a plit of whisky currency,” called * greenbacks,” becauss | oplece—lor tho bull voter, I mean, not fus every they are promises to pay actual money totho | thuobo votes bearer, oud whioh the Government has | pyg g ondun Zime of Feb. 18, ln its Austra- plodged itself to redeem on and afler the | yian corrcapondence, contains anitem of news 1st of next Jenuary in coin on demand. | tust will bo of special lnterest in this country, But this“created mogey,” madoout of thesub~ | and tlst reficcts csedit upon Americas locomos There is snid to be nn active and rapidiy- incronsing demand for tho new 4 per cent bonds from all parts of tho country. West. ern farmers ore taking kindly to the populnar lonn, and many orders are going forward daily from Chicago, St. Louis, Cincinnati, ond the smaller citics, It is confidently prodicted that $100,000,000 of theso bonds will be nbsorbed by tho peoplo in the way of savings investments within n year from the time that they were first offored by Sec. rotary SRENMAN, it mny happen again. Mob law and incen. dwrism ore never justifinble, but they aro very neorly so when all othor remedies fail to relieve an outraged community, The limit of patienco and endurance in this stench business has been very nearlyreached. ‘The neople of Butlield, Conn., pay 81 bounty for dogs ears, \Vhosaever hath doga to car let *bim ear them bofora the law is repealed. T Trade with Great Drital, Trade with United Stato Trade with Great Driain + -+0+$ 0,500,000 Trado with Umted Stato +. 10,600,000 Aggregating these statistics, it is found that Great Dritaln sells to the peoploe of Central and Sonth Amorica nearly double as much as the United States soll them, not- withstanding our own natural advantages for gaining the ontire trade, In this caso tho fault is entirely our own. The exports from QGrent Dritain are maloly cotton goods, woclen goods, furnitnre, machinery, hard- wars, cutlery, implements, and that clasa of artioles which tho Uuited States also manu- facture, But wo aro shut out from come. peting with Great Britain by the disabilitios imposed on American manufacturers by the tariff. Tho Americans, under o tarif de- signed to keep foreign manufactures out of this country, ara practically inhibited from manufacturing for export, The encourage. ment of homo industry has resulted in narrowing that industry down to a homo market. But, worso than this, the tariff has oven had the effect of shutting off the direct oxport of peculiarly American products, which go to the SBouth and Contral American States by way of Great Britain, Our commercial navy having been swept from the ocoan, and our anufacturors ex- cluded from compotition, these neighboring States have establisod their trado perma- nently with Great Dritain. What we buy from them we pny for in bills of exchnango on London. It is to London, therefore, that the people of Central and Bouth America naturally go oven to buy their butter and cheese, nud such articlos s are originally oxported from the United States. Tho pay for what those people have sold is in London, and thero thoy wuso it to make such purchases as thoy waut, In this courso of things, the people of the United Btatos lose at once the ad- vantages of direct bartor,—tho trausporta- tion profit, the cust of exchango, and all the collateral advautages of a reciprocal trade. No expedionts will serve to divert thia courss of trade until achangs in our Tariff laws shall have removed the fundamental impedi. meat, | Whom mu; hath done, man can do, but ho can't do him ga easlly noxt thne. f 352,100 JAY Gourp probably has a conscience, but its voleo ts stall small. e PERSONAL. WILL THERE BE A VETO0} The couniry has beon long struggling un- dor o scrious deprossion of business, from which thero hos been no recovery, Daring these yenrs there has been a regular decline in tho values of il kinds of property and a Inrge increase in the purchasing value of money. To add to this troubls was the de- monatization of silver, and the ennctment of the Resumption act providing for the pny- mont of all debts, public and private, in gold coin, This latter ciroumstanco hna largely naggravated the declino in tho valus of prop- erty, by rendering it morally certain that the great bnlk of dobts secured by land mort- gnges wonld bo increased boyond the value of the property. Tho excitement over the bill to remonetiza silver has been engross- ing. It has aroused the country as it has not been nrousod since tho War. It has been discussed in every hamlet and in every cabin in the land. It was a question which appealed personally to tho interests of overy man and every family. It was o question which all could nnderstand. Bhould the valus of ovory man's labor, and of tha product of every man's Iabor, and of the ac- oumulated savings of labor, bo still further reduced, acd the burden of overy man's debts be mcreased? Should every man have an addition of 20 to 40 per cent made to his debts, and n reduction of 20 to 40 per cent made in the value of his meaus of payment ? On such an {ssue, 8o clearly defined and so ensily understood, thero was little room for difforenco of opinion, and little differenco o4 to tho policy to be adopted, The remon. ctization of silvor might not wholly arrest tho decline in tho value of ‘property, but it would arrest (he ' extraordinary volne given to gold because of jts be- ing mode the cxclusivoe motallic money of this country, and proportionately of the world, Ths reduction of the velumo of motallic money one-half, which would Lethe result of the demonetization of silver, would giva to the remaining gold an extraordinary value, compelling the United States to be. come u competitor in the warkets of the world for gold, the supply of which s con. fessedly inadequate. Ou the other haud, the monoy-londers have boen uusparing in thelr efforts to maintain the exclusive gold currenoy, to advance the value of money, to reduco the value of . property, and to give to gold ‘& purchasing power that wouldl amount to conflscation in nll cnses of mortgnged land. Over thin contest between these opposing policies the country has been generally excited, ‘Che battle Lias beon fought and won; despite all tho influence and aid furuished by the Sec- rotary of the Treasury, tho gold faction has been defeated, and the Bilver bill has been passed by more than a two-thinls voto in both Houses of Congress, That ought to have been tho end of the matter, Under the'excitemont and suspense incident to this coutest, business has been largely paralyzed. The tide of bankruptey which has accompa. nied the decline in the values of property Lins been accelerated by the suspension of trade and judustry incident to the long sea- sonof financial uncertainty, The country nceds repose. The Silver bill having passed, business shonld be porwitted to adjust itselt promptly to the new policy, Curtalnly is essential to any restoration, At this moment, tho President, with a full knowledge of the popular as well as Con- gressional decision, and with o full knowl. edgo that he cannot change, reverse, or de. feat the result, is now urged to interpose his voto, and plungs the country into a mew ocean of excitement ; to geopen the floods of discussion, aud give new provocation for schomes of currency legitlation that ordi. varily would not be thought of or tolerated. Should there be a veto, the storm of popular indigoation may find espression in a demand for legislation hostils to the National Banks. Tho animositics that have been created will find & nutural expression in demanding the abolition of National-Bank currency, and jn dvwanding the issue of a now batch of ‘Aressury noles. Iustead of the Silver bill being » mensure of pacification, and preparing the way for a rapid return to specio values, and an abundant metallic roached its highest in 1876, 'The maximum coinnge by tho Arrisox bill is $48,000,000 a yoar, which excoeds last year's silver pro- duction by more than $9,000,000. There were 1,162,000 of trade dollars struck off lust yoar for exportation to China to pay for ton. It will be scen that our mines are not producing enongh within twenty millions n yeoar of silver to satisfy the Chineso trade and tho maximum coinnge required by the Avzison bill, 8o that wo sball have to take about $20,000,000 of Germany's surplus silver to make up tho deficit per annum. How much of this ailver do the goldites pro- tend to say wo shall bo able to get at the rato of 01 cents per dollar? We shal not got an ounce of it at any such cost. The prico of silver bullion has alrendy bogun to advance in London, and it will approximate rapidly to the lovel of gold uudor the influence of the American absorption of the motal for monoetary uses. ‘The *‘91.cent silver dollar " is a figment of knavish brains who want to cursa the country with a dear, scarce cur. renoy in order that their mortguges aud bonds moy continually enhancoe in value at the ex- ponso of the iudustrjal classes; they want fivo pecks for a bushel, Dr. Ouiven WeNDELL IloLuss sont two son- nets and a lstter to the lata dinner of the How- ard Club in New York. Tho drlft of his argu- ment—if the sonnets can be sald to have an gument—wns that the college authorities in 1700 made a great wistake In changing the mot- toof the scal from * Verltas ¥ to ** Christo ot Eccleslie,” This Importaut discovery ought to be worth an answer In the New-Euglander. It would be ensy to prove, for instance, that,what- ever tho motto of the collego may be, it has dia- regarded it and contradieted it with noble fu- consistency. It hias been so far from respecting Clrrist and tis Church that it hos beon suspect- ed of wanting s true orthodox backbone, and lias boen called, by soine zealous churchmon, s Unitarian Colleze,” which it fs not. e e S The last person recognized by tho dying Pope was 11 Marcheso Bacchotts, a member of the Pontfical household, to whom ho spoke at 12:45 . m., dve hours before his doath. Bomo of the Paris papers, taking the prophecy of 8t. Malschy for trath, undertook to make out thatthe noxt Pope would bo Cardinal Hohenlohe, translating his namo as ** hizh light," #0 a1 to make It accord with the prophetic dovice, ‘¢ Lumnen ex cxlo.™ A London lotter hinta that an awful sean. dal te aliend, when Itfs discovored that *‘apro. lific lady novellst, daughter of an eminently dis- tinguished oficer and novelist of a pastgenera. tion," whose husband Is in Indls, has established herself In 8t Julin'a Wood with & retired and divorced Colonel. Florence Marryatt? Mesars, Moody and Baukoy have about ten autograph albums loft at their residences dally for signntures, which thoy never fail to append, Mr. Moody adding to his s text or refercnce fo a text, while' Mr. Sankey doos the same, but solects only veraes of Scripture haviug referenca to the praise of God. The name of D'Iaracli has never been borne by any other family than that of the present Lord Beaconstield, and, ns Lo haa no living rela- tives, will cxplro with him, Among the UW,000 Jewa expofled trom Spuln In the sixteontt cemiury was an ancostor of tha Promler, who at that time sssumed the name of D'lsraell. Tho father of Beaconafield withdrew from the 8ynagogue In Lon- don because he had been Bued £10 for refusing to serve oe Warden, Kunnel Alken, tho Bouth Carolina M. 0., who docsn't take any stock in West Polnt, ls a Rroat man amopg the (Grangers, and aa Clairmsa of the KExecutive Commiiteo of tho Nativnal Urange, distingulshed hi by the fdelity seish which he drew a rouslng 7. 1o alao was ot the head of a Grangs Crop Heport Bureau, which ‘would bave dolighted the soul of Leduc, and which went through some $15,000 of Grango funds with the vehemenco of o kot knifa througa a pound of butter. ‘Whenever a Royal marriage takea placo in Europe, the papars procecd to discusa with all i+ aginable gravity the effect of tho union upou ln- tornational questions, And yet tho fact that ber future Qucen was & Uantsh Princess dida't prevent England frum abandoning Denmark during the Scilleswlg-Ilolstein dificulty any woro tbanind fact that the Duke of Edinburg is tho Czar's sun- in-law andthe Prince of Walcs tha Crarowiteh's brother-ln-law couduces to a good feoling Letweea Engisod and Russis, Anecdote of Victor Emmanuel: In June, 1860, when Garibaldi had begun bis Sicillan cxpe- dition, the results of which were nut as yet knuwa st Turin, the French Ambassador, M. de Tailey- 1and, visited the King to protest in the Emperur's naine suslust this vivlation of futernational lsw, and 10 ascertain precisely what relations, if snyy thore exlsted botween the Bardinian Government and the Liberstor, **Ureat heavens!™ said the King; **of courau It would be a sad thing, but ifs Neapolitan cralser should happen to capture Gare balai,and they hanged him, ho would have Lrought Iton blwsell. Phings would bo materlalty simpli- fed then, DBut, 1say, what a stuaning monument we'd eroct to his memory 1" Apropos of Royal etiquette, the Doston Ieratd tevivce the story sbout Phillp JIL of Bpaln, who set befora a biazing firo until pearly sufucatod with the heat, hak etiquette would Rob allow him to sies from his chalr, When some oné finally came Into the room tho King ordered uim 19 Pput out the fire, but etiquetto would not allew biz 1t was & certalo Duke's function, and d RoBo Out; 40 1bo King was roasted 10 . This story suczcets another that la cqualiy entic, When Maria Anaa, of Ausirls, went 10 8pala 1o be married to Philip IV., tho cltizeas ot 8 certain manufacturing towsn deaired to prosent hor with & pair of fino silk slockinge, The major domo, however, rejected them with scorm, ei° claiming: **Know that the Queens of Spaln bt no legal™ Any namber of stories, all entirely inaccu- Tate, fying adout as o tho disposition of Thiors' pavers, lnthe first place, there are B0 *slestamentary executors, ** Mine. Thior and unlversal legatce. having only invited tno sd- vice officiously of Mesars, Mignet aud Dartnelew? Salnt.Milaire. Secondly, the only matters which 16 Lias 8 yot been resoived to publish sre the desd statcanian’s speeches, (o be given in four volumed covering the cpochia of Louls Philippe's reign, the Second Jtepublic, the Second Ewmp! and the Toird Republic. Tho history of tbe tiatlons with Germspy sboat the payment of war lo- demnity may alio bo printad, the manoicrply belug complete. There is no present intention t printing the correspondence; indeed, the valuo o‘ the letters be left—from a grave political standpola —bas been greatly exaggerated, As he was accus: tomed to develop fully bis viows on such thinge i hla specches and books, ho commionted upon Lo very briclly in bis letters, which are, a8 8 rui6 Mgbt and familiar notes, Blled with badlnage. :l'h: big work of bls life, however, to which bo L“;. every momant he could epare from politics ond N ' eratard, & sort of all-cmbracing ** Uistory O Man," isfnsuch s fragientary form that i i3 Dever be published. The English press, notably the London Btandard, hns drawn the sword of tho Crimen and is valiantly whetting and flour- ishing it in the cyes of the arrogant and aggressive Russinn bear, Though no ordera have been given for the movemont of tho Dritish legions, tho London pa- pers havo decided whero troops must bo sont when mafching orders aro issued, aod have ulso selcoted tho most availablo points whereon the unconquernble hosts of lier Majeaty must first sot foot. At any Tate tho London editors have aily decided that Russin's demands connot bo sanctioned by England. ‘The Rev, Ronxnr LAirp CoLrien, formerly of this city, preached u sermon Inat Sunday, in Boston, upon * Christianity and tho Modern Drama,” in which, while advocating tha rignt aud duty of ngrapapers to print criticlsms ot tho dramna, he touk tho snmewhat surprising position that criticlsm should be left In the hauds of no reporter or dramatic eritic * whose moral sense {s not attuncd to the hizhest fdeal of Curistian teaching and propriety.” Mr. CoLi- 1zn's argument, when givon a personal appli- cation, would destroy {tsolf, for, although the reverend gentleman's moral sense may bo ate tuned to the highest Clristian teaching, he is dne of the worst possible of dramatic eritics. e To-day has sideration of the Silver bill in the Cabinot, and for the makingup of the President’s mind on tho question of a velo, The dis- tressing fact that the price of silver bullion is rapidly appronching gold in London is nn cmbarrassment which President Haxes had not expected to enconnter when ho firt formed tho iutention of vetoing tho bill; it is a confirmation of . tho theories nnd predictions of the silver men more prompt and convincing than he luoked for, and he is troubled to kuow what to do about it. 1e cannot do better than follow the example of mauy of the silver dollar's most maliguant focs, aud gracefully clitb down, THE ASSAULT UPON THE ARMY, ‘The New York Zrilune prints a statoment from a promiuent Washington lawyer, with regard to the proposition of the House Com- mittes on Military Affairs to cut down the army, that presonts the motter in a some. what new shape. The substance of hix statoment is that the Committee proposo to cut down the rank and fils to 20,000 men, consolidating them into fifteen regiments of nfantry of eight compauiea eacts, five rogi. menta of cavalry, and three of artillery,which would give 100 men to each compuuy—the maxunum in time of war. 'They then pro. poso to muster out of wervico 501 officers of the disbanded regunents aud a large number of staff.officers, ‘Che contemplated action of the Committee has roused hopes intho breasts of the Confederate offleers whoresigned their positions in the armyin 1861 to entor the Confederate service, that they may Lave an opportunity to get back into the aruy which they deserted, and iu full rauk. Two ob. atacles, however, have stood in their way, the first being that if they secured reappoiut- montas they would liave to enter as Becond Lieutenants; and the second, that the exist- inglawaforbidtheirenteringeithor the army or navy. The latter obatacle, howaver, would be avoided by a provision in the present bill removing the disability. Haviug secured this, they would theu wait for the first In- dian war or domestic riot to get au inorenso of the army and secure their old appoint. ments, Haviug obtained thelr connuissions and got back iuto the army, they would then clamor for baok-pay, That tlus correspondent is not altogether omiss in his conjectures ix shown by tho steady and determined pressure at work in Washington to bresk down tiie army and ent off the Northern officers, especiully those who were the most zealous and useful jn ocmpelling the Bouth to return to its al. legiance, and it s not at all improbable that he has correctly siated tho ulterior object in viow, namely: {o mako a place for the Bouthern Brigadiors. There ure uudoubted. 1y somo changes that might be made in the army with profit to the service, but those changes do not pertain to the rauk and file somuch as to the cost of maintaining it. The disproportion between office.s and men, might be remedied, and there are uadoubt. edly extravagances of maintenance that might be stopped, thus materially reducing the expense. All this could be accomplished, however, without crippling the army. Itis not to be expected that the Bouthern Brigs. diers, iu Congreas or out of it, have auy love for the mon who fought against and defeatod them, or that Demoorats in general bove any speclal affoction for a blue coat, except when their own lives or property are endaugored, upon which occasions their clamor for troops is loud and persistent, as was the case in the labor riots last summer, when the Democrat. Much capital has beun mads England and elsewhoro against Rtusala by charging her with unjust and cruel treutmnent of the Jows. The Injustico of this charge appears when it Is con- sidered that the Czar has recontly perinftted non-Russian Jewlsh traders to become merchants of the frst guild,—n dignity hitherto enjoyed only by natlves of Russia. ‘The concessiun mede by the Czur tnay bave a leaning toward thy maney-bags, but it none the less shows a toler- ant splrit ou his pact, and Indicates that the conditlon of tho Jow in Ruesia is not as forlorn as the Turkophlles pleture it. The coveession 1s uno for which Jews cverywhero will by grato- tul, . A Democratic reform measure isnow pend- ing in tho Ifouso which involves the tapping of the Treasury to thoe amount of $4,000,000, and there is no prospect that the apostles of cconomy and retrenchment will Lo nble to muster tho votes requisite to passit. Under its provisions 75,000 men of middle nge, nearly all of them in comfortable circum- & unces, are to bo added to the pension rolls beeause they served in the Mexican war, though but a small proportion ever smelt gunpowder or got o sight at the encmy. While this £9,000,000 grub engages the at- tention of the Democratic House, applica. tions from 109,000 veterans of the Unionarmy and their widows and orphans caanot be reached for lack of o suitable appropriation for their examination aud auditing. AFTER BILVER I8 REMONETIZED. Alfter silver {s remonotized gold will fall to the lovel of nilver, and remain there 8o long a4 the bullion valuo of silver whall not ex- ceed the value of gold. Some peopls will ask, ** How can this happen, as it would bo utterly conlrary to all the teachiugs and as. soverationa of the goldites for the past twelve months, and how 1a it possible that they can have been wholly mistaken 2" No matter about their delusive opinions, or their positive prognostications, the truth remains ns stated, thot gold will come down in this country to the legal-tender value of silver, Gold has alresdy commenced mani- festing symptoms of such decline, in appre- hension that the bill is about becoming a law. Lot us trace the operntion of ths Bilver act o fow steps. Dr. LinpramaN will begin to strike off ellver dollars at the mints before the middlo of March, at the rats of $100,000 per day; ho hos his desigus already made, ond they are said to bo very beautiful, ‘These coins will be issued by the Govern- mont in purchase of silver bullion (the first purchase of bullion will be made with groen. backs), and immediately be sought after by importers everywhere. Tho importers need from ten to twelve millions of coln per month, or nearly three times the amount of the silvor colnage, The importers will por- chase silver dollars, or silver certificatos, in preference to gold, if they can save even less than one-tenth per cent on the dollar, The demand for gold will thus decline from the jnstant the coinage of silver bogins, Mer- chants will insist on a belter price for greenbacks from the brokers in exchavge for gold. If the lattor refuse they may keep their gold; but idle gold earus mothing and couts something to tako care of it. Thein- evitable effect will bo that the gold premium on greenbacks will melt away to one per cent, to a half, to s quarter, to a tonth, and finally vanish—if the Resumption law re- maing fn force. Bilver legal-tonders cannot in tho nature of thiugs be of less valug than greenbacks. Their legal-tender quality insures that result at least. At first, silver will rauk greenbacks jn value a little, because the im. porters from the very outset will give clmost as much therefor a3 for gold; bus the gold ———— Nothing {s so lively ana pandemoniacal as s If last ovening's scssion of the Common Council could have been held with open win- dows, and the wembers of that body en. ubled to fully realize the tremendous ave- lanche of stink poured down from Hridge. port and the Town of Lake, it 18 to bo feared the Jlealth Commissioner would not have fared so well in the matter of salary, Five minutes of it would have convinced that officer's inost ardout admirer and most de- voted champion that the present Health Commissioner is dear at any price, Proof of his incompetency could be inhaled at cvery breath ; nobody could deuy it whose olfuctory organs were not a total wreck, Let uobody grumble at tax-fighters whon the sunual appropriations coutain an item of 83,000 for the salury of an officer who per- wits half o million people to be stuuk to death, e Itisas the blowing uf old breezes snd the Tho uvew Tariff billthreatens an outrageous Linposition upon printers in the intercats of the Eastern ring of type-founders. For their privatn gain, they proposa to levy an edditional tax upou;the 20,000 printing-offices of tho couutry, although thoy are already sufficiontly protected and are conducting Lusiness on o bhaudsome profit, The new Yanf bill fixes tho duty on news and book type at 15 ceuts per pound, cqual to from 40 to 60 por cont ad oulorem, and on job sud fancy type, 30 centa per pound, equal to from "GO0 t6 120 percent ad talorem. Under the present rutes, the tariff puts $20,000 o year in tho Publio I'reasury ; under the new rutes, the tariff would bo probibitory, not only stopping the revenue, but raising the price of type here by cutting off foreigu competi- tiou. In short, it is simply an'eflort to in- txoduce a prohibitory tariff in the interests of