Chicago Daily Tribune Newspaper, March 13, 1878, Page 4

a 4 THE CHICAGO TRIBUNE: WEDNESDAY. MARCH 13, 18‘78. m" ’c @ rihu' tg. line to Fort Yuma, and only awaits authority to continna on to the Rio Grande, and that TERMS OF SUBSCRIPTION. controversy. There is fio politicnl ovont | fnlin France, of the two motals regulating moro remote or improbable than an effort | and controlling the value of each other, and on tho part of anybody to vitiato | tho paper money circulating with both, Hares' titlo to the offico ho holds, no | Leeauso redeemablo on demand. matter how much he may offend ‘Wo trust, therefore, that those who labored tho intriguing politiclans on either side. | 80 long and so earnestly for tho romonetiza- Iis peacoful possession of tho office is n | tion of sliver, and who so successfully broke phia; for the distance from Chieago to tide- water is less vin the Baltimoro & Ohio Road than by any othor route, and Mr. Prosident Gannert does not propose to nllow his line to be doprived of this ndvantage. Il has for a year and n hslf maintained lower rates for gold coin or legal-tender money mther | defaleation, n great officlal soandal, or a than tako out certificates for it. It is obvi- | gourss of Congressional Investigation, sincs ous that such o rule would dofeat tho very | the inauguration of Proatdent Haves. Tha object of tho silver bullion proposition, and | truth is that, although he Lns not necom. give the idle sflver in tho country no greator | plished OCivil-Borvics reform, hio haa mads o usefuluess than it Las now. long advance towards it, and has mado it, 600 miles in Arizona nnd New Mexico can be built for what it cost to ‘grade and tunnel forty miles of the now.completed rond over the Siorra Nevada Mountains, In an inter view with & Washington correspondent of TT MAIL—IN ADVANCE—TOSTAGE #REPATD, i}y Edltion, one rear. X botween Chicago and Europesn ports vin Tho objection which Secretary SuERMAX | too, against a bitter nnd most dlmnnging Turtso s yedr, l\r'rl:?ll:: th: 1. Tur Taivune, printed this morning, Mr. | matter dotermined by tho force of public | down the soheme to have a forced resump- | Baltimors and Philadolphis than conld bo.| mnkea to the issus of the Lnllion cortificates | opposition ; weighed down by n Tonure.of. e " E.{‘,& HoxrmaroN, Prosident of the Bonthern Pa- | opinion, which demanded n settlement of | tion of specio paymont in scarco and dear obtatned via Now York. at tho rato of 412} grains to tho dollar isa | Office act intendud espeoially to obstruct the 1 Weekly one ear ;28 cific Company, very offectually disposes of | tho dispute nccording to law, nnd which s | gold coin, and who so porseveringly insisted Thisis a formidable nrray of influences | vory thongltless one. Ia says ihat, “it | Exooutive, nnd subject to that most dis. the arguments and misstatementa of the wor i estiafled that there was just such a seitlo. | upon plicing gold and silver on an equality | combining for the dostruction of the trade | they woro to bo based on the colnago yalue | heartening of all criticlsm which Impugns RN e, 8 1.00 | subsidy-grabbers. ment. As to Mr. Hewirr's implication about | in the currency of the conntry, will not now | and commercs of New York City. It may | of bullion, thoy would nover be prosented | motives and nssails character. In view of Mr. Hares' conscionco condemning him, | defeat the benefit of all the struggles by that {s mercly a politican’s effort at senti. | reponling tho law for tho future redemption montalism, If the consclence of the Ameri- | of greenbacks in silver dollars, and theroby con peoplo was satisfied thnt Mr, Haxes ne- | drivo both gold and silvor out of circalation. quired his office according to law, it was Mr. | Lot us have tho greenbacks, but do not let Haves' duty to take that office and cnlor | us rojoct gold and silver. Lot us,on the upon its functions, 8o wo hopo this discus. | contrary, add all the gold and all the silvor slon I at an end, whother from a political or | that can ba coined to the groeubacks, and sentimontal point of view. hinve the greatest possible abundance of e —— nmoney, nll having a parity of valus. THE RESUMPTION LAW, 2 o —————t We have alroady pointed out that the THR DECADENCE OF NEW YORK CITY. whole valuo to the country of the remoneti- | Tho knavery of New York ity in the mat. zation pf silver will ba periled if not lost by | ter of robbing the customs rovenucs is only any interferonco with tho Resumption law, | equaled by its stupidity in allowing ita trade as it now stands. This is on the assump. |.and commerco, to dwindlo nnd waste away, tion that tho Silver law will bo exocnted in [ While ita pross and commoreinl nssocintions good faith. The remonetization of eilver | wore some years ngo clamoring for the ro- Lins changed the wholo circnmstancos of the | peal of the moiaticalaw Losave respectable(?) casa under which tho ropesl of tho Resump- | importers from tho ponalty of their crimes, tion law wns domaoded. In the firat placo | the jobbing trado of the Esstorn motropolis gold Lins consed to Do the present and future | Was slowly but surely gliding from the grasp exclusivo coin of the country; tho scarcity | of its morchants, aud a large dircot trade of metallioc money, inevitablo if gold alono | with Europo wna spriuging up in the cities was legalized, can no longer exist; and the | of the Weat. Of tho cnormous tax-lovics increase in the bulk ©f motallic monoy is | imposed by Twxep thoro was nothing left, limited only by the capacity of tho minta to | after his stenlings, for the improvement of coln. Wa have $670,000,000 of paper | tho city's tumble-lown woodon docks; honco money, and it is claimed thore is $160,. | tho docks of Now York City ave rotten and 000,000 of gold coin; to this supply | worthloss, and tho alips aro clogged with wo propose to odd silver money, | mud. The importing merchants nevor Every silver dollar colned will be & porma- | thought of dovoting a share of their customs nent additipn to the substantial money of | revenue stealings to tho construction of ole- the country. It fs an inflation, but not of | vators; henco thoroe is but one grain clavator crodit; it s inflation such ss is produced | in Now York City, nud that bolongs to tho when n man incronses his productioniby ox- | Contral Railway Company, and is nsed ox- tra labor; it is an addition of substanco, and | clusively for the accommodation of local not an increass of shadow ; not a duplication | trafie, Across the river in Brookiyn are somo of cortificates of deposit, but a dupfication | grain wnrehouses, but thoy conslst of of doposita. alot of old stores and shops romodelod.s A Assuming it to be truo that there aro | conveyor at the top reccives the grain from $150,000,000 of gold coin in the country, o dock olevator, nnd drops it into tho bins, and that it fs locked up,—held for salo to | Then, nstheslipsara not of suficient capacity thoso who have ocension to uso it, and thero. | to admit ocenn vessels, tho grain destined for fore forming no part of tho ourrency,—nny | 8.foreign market s lightored out. Prac- mensure that will relense this gold coin and | tically, all tho grain handled in New York throw it into ciroulation will prove another | City haa to bo lightered *in and out"; that inflation -of the oufrency. Tho coinnge of | is to say, transferred from car to wnrehouso, silver will take from gold the exclusive use | and from warchouso to steam or sail vessels, for which such gold is now held; green- | by flonting olevators. Ou the other hand, backs, which ore mot rocolvable for | tbPrivalaof Now York Gity axe well equip- customs, aro now worth 89 conts | ped with clovator facilitios. on tho dollar in gold, ond may | Boston has two first-class groin elevators be sald to bo at par, nnd when that point is | situnted on'tide-wator and at tho termini of renched it may Do snid that specie payments | railway lincs. Ono of theso clovatora hns o lLiave boen practically restored. Cun affairs | capacity of o million bnshols. The dock bo in botter progress? Greenbacksat par | facilities are such that tho largest ocean in gold, and the mints colning a million of | vessol can load from oithor of them; ins silver dollars ond a million of gold dollars | word, they ore filled dirsotly from rnilway por week, Though groonbacks and pold may | cars, and emptied dirsctly into vessola. be sald to bo at par, it is uot dne to any Puilndelphin lias two first-class elovators, and yreosont logal voquirement for their vedemp. | Baltimoro at least threo, situated in all ro- tion {n coin, ‘That Inw docs not take offect | spects similarly to thoso of Boston. for nino months aud moro. o repeal this It will bo observed that tho three cities law ot this timo would be to defent nll tho | named possess, in facilitics for handling beneficlal results of remonatization, With | grain for export, a decided advantage over siiver in ciroulation and in sufficiont quonti. | Now York, Philadelphia and Baltimore pos- tics, undor tho Nesumption law greenbacks | sces an additional naturel advantage with re- will bo redeomable in coin, either gold or sil. | gard to a cortain soction of the West—por- vor; but with the Resumption nct repoaled, | tions of Ohlo, Indiana, and Southern - then greonbacks will yot bo redeemable in | nois, 'his pogtion *“markets” o large pro- oithor, and thoir prosent valuo must dacline. | portion of its coarse grains, s corn and oats, Groonbacks not being exchangenblo at the | of which it produces in groat abundance, Treasury for silver dollary, their value will | and, tho distancq to Philadélphia and DBalti- foll bolow that of silvor dollars, and, both | more being less than to New York, rail silver and gold being ot n premlum in | froights aro less to tho former than to the greonbacks, the whole voluma of coin, both | lattor. 1fonco during tho wintor months, gold and silver, will bo locked up nud with- | when tho lakes and canal are closod by ice, drawn from circulation, Inhtead, therofore, | thoso products inevitably go either to Phila. of any nddition to the volums of money by | dolphin or to Baltimore. The Improved having both tho gold and dilver circalating | facilitios of the two citios named for hand- ot por with the greonbacks, the motallis | ling grain told very perceptibly on tho corn money of both kinds will disappear, awd | oxport trade in 1870. In 1875 Philadelphin motallic monoy will bo once more at a pro- | exported but 4,200,000 bushels, while in wium, 1876 tho volume rose to 16,500,000 bushels; It tho Resumption net be left aa it now | and DBaltimore showod an incroase from stands, resumption will tako placo practically | 6,800,000 bushels in 1875 to 20,600,000 in long befora January, and tho three forms of | 1876, From Now York tho cxport was curronoy—gold coin, silver coin, and groon- | 11,000,000 bushels in 1876, and 15,900,000 backs—will have & parity of value, and all | bushels in 1876, 'Ihis revolution fn the corn circulato frocly, producing that rovival of | export trade o alarmed tho morchants of production and of trade so long walted for | Now York that they woro ablo to farcs a ro- nand 8o carncatly dosired by the now idle in- | duction in Erie Ganal tolls, whbich' wise step dustry ad labor of the counry. 'Thero is a diverted a considerable share of the corn ox- vast difference Lstweon resumption in gold | port trado of 1877 from its now channol back coin exclusively and resumption in gold or | to Now York City. As compared with 1870, silver cofn at the option of the Government, | Philadelphia loat 6,000,000, Baltimore 1,600,- 4| 'Ihe value of the two motals will bo aqual. | 000, aud Now York gained 10,100,000 bush. 1zed, and the *corner” on gold, so strenu. | ela. ously labored for by tho gold faction, will bo A schemo haa for n long timo been agitated broken. With gold and silver at equal | in Boston which, whon carried into effoct, volues, and tho mints producing & | will serlously affect New York City. It s o million of dollars of onch coin per | projost to conmstruct o hue of roflway to week, the greonbacks may bo safcly left | Oswogo,or somo other point on Lake Ontario, tostand an§ demand. for redemption that | The completion of tho enlargomeni of the way bo mado. Lenving the Reaumption act Welland Cnnn.l.' now In progress, will stimu. 83t standa will at tho most only luave tho | late this enterpriso, and doubtless bring it to greenbacks rodecmablo a year honco inm | full fruition. DBoston also proposes to rogain ailver, and, from the greator convenionco of | its Houth American and Wost Indin trade by tho poper for many purposes, it being re. | constructing n short-cut canal scroes the deemable in coln, there is no likelihood that | Cape.Cod peninsula, : any serious demsnd for redemption will bo | - 'fhe Cuban trado hes long been a vory im- made. But, taking away this prowmiso to re. | portant clement in the commerco of New deom In allver and leaving greenbacks in | York Oity. A way is now oponed for a the hapeloss condition of permauont frre- | division of that trade in favor of this city deemability, will have the effect of destroy- | and the West. BSome weeks ago the New ing tho current equality of the paper andthe | York Bulletin heralded the now enterprise as coln, and of locking up not oaly all the gold, | follows: but all tho silver ulso. This will bo such a | Onthe first of noxt montt a lino of stesmers of contraction of tho curroucy that it will | L% LuERL RO Riaciogs, Beevgmodagiona witk plungo the country back into tho stagnation | lavana, makiug three trins each weelk, tho riin bo- and fdloneas undor which it has so long | WERPREOEITAN B M ittt sufferod, 'Tho differonco between resump. | With whails knownoa the Atlantlc, Quif & Weat tion with nll)vor rumonetized, and the gold :"..",L;,.%TDT:\:;}P&T#&)::& n:‘i':eé’;.%‘.fié‘." w‘;:h‘fl: corner broken, and ao abundance of motallic | Hime:schedulo. ‘The cunuectlon with Chicago snd money, lncroasing ot tho rato, wllver | Fauie, e monz “£$§”° o Lo and gold, of one hundred millions o :‘:‘;‘:-5::’::’, e Ulfi":‘;'h;";_ l‘;'":f:l'-";'xm::& Yor year, and the rcpeal of (ho Rosump. :«llnrn cmcgognd fi'x Weat will be nlaety-six tion law and gold and silver with. | bos und Biwaen Coicao ad flavane 103 drawn from cironlation aud selliug ot a pro- | threodaysanda nm‘ a8 compared with the route wium, I3 a wide and an important ono. In. | yia} e aaa. sheAlexsriane linans atevm: stead of an annnal addition of ono hundred | Kieys and brought through to Chicago without millions of wetallio monoy to our curroncy, | SARES AR Lha oX "‘,‘:fifi';;},‘“;;“}",;;‘m;';g there will bo no practical addition, and tho | line Instead of around by New York." groenbacks, instead of arculating freelyat | No doubt the flour aud provisions of tho parwith gold sud ailver coin, will boonce | Northwest marketed in Cuba and tho West more at & discount, and sllver aod gold ef- | Indies will sock tho mow route. There is fectually demonetized. Inatead of tho valua | little loss doubt that the Cubon tobacco of money being reduced and that of prop- | consumed in the Northwest will follow the _prty increased, by tho Jarga additions to our currency of both kindg of coin, thore will bo & grenter scarcity of fuoney than ever, aud tho fall {n values of property will got o new impotus, If the Resumption bill bo now repealed, and groenbacks deglared to bo not even ex- changeabla for silver, then gold, instead of same route. Tho shortest aud cheapest road is sure to socuro the transportstion. being ot par, will again command o premium, 1f the Resumption act bo left as it Is, the Hugar-refinerica will also bo cutablished in gold premium, now less thax 1 per cent, will Chicago as soon as the frauds on the ous- tows rovenue by which Now York now holds them shall have beon abollshed. We Lave horetofore alluded to the fact disappear, sud the $150,000,000 gold coin in the country will be relcased from its presont lock-up and be sdded to the general currcucy in circulation, of the rapid growth of the dircct trade of Chicago in grain_and provisions with Eu. Then we will have in this country the full benefit of the hi-metallic gystem, 5o success- Brecimen copies sent tree. Give Post-Uttice addrees fn full Incinding State and County, Jtemittancen magbe made either hy draft, exoress, Poat-Office order, or fn regiatered letters, at our risk, TERMS TO CITY SUNSCRINERS, Datly, dclivered, Fundsy excepled, 24 cents per week, Datly, delitered, Eunday fncluded, 20 cents per week. Addrem THE TRINUNE COMPANY, Corner Madiron and Dearborn-sts.. Chieago. Jll. Orders for the delivery of Tix Tatnuxx at Kvanston, Fnglewood, and Hyde Park1'itln the counting-room wili receive prompt attentt e ST TRIBUNE BRANCU OFFICES® Tne Cntcaan TRIBUXR hoa established branch ofiicen for the recclpt of subcribtionsand ndvertisements a3 follows: NEW TORK—Ttoom 20 Tribune Dufiding. ¥. T. Mo- FaDDXx, Mansger, T'AIIE, France—No, 10 Ttue do I8 Grango-Datellere, 10, Mantwn, Agent. ; LONDON, Eng.—Americad Lxchaogs, 440 Strand. Hxzey ¥, GiLu BAN LA be said that it is of no consequence, so far a8 gonernl morchandising is concerned, whathor Westorn gmin oxports pass thropgh New York or Baltimoro—that it is n mere ques. tion of the small commission of the middje. wnn, . But this is not true. Where men acll, there will thoy buy. The growth of the direct foroign export trado of tho West monns, ultimately, the corresponding growlh of a diract foreign smport trade. Tho fact is, Now York City ‘only holds a dispropor- tionate share of the importing trade of the country by means of a systom of outragcous frauds upon the customs rovenue. The Woest is destinod, at no distant day, to im. port direct all tho forelgn merchandisa re- quired for consumption Ly ite people. It followa that the loss by New York City of the export trade of the country fuvolves oventually the loss of the import trade. Tho rapid growth of New York City datos from tho completion of the Erio Cannl, Hor rivals—Doston, Philadelphin, and Baltimora —1lacked enterpriso, and Now York soized the sceptre of trade. Puffed up by prospori- ty, her people bocame haughty and arrogant, assuming that what they had gained conld nover bo wrested from them,—that their commorcial siipromacy was nssured for all time, 'Thoy have sufforod sovercly, and are now awakening from 8 delusive dream. About a month ngo committees of the Cham. bor of Commerce, of tho tmporters' and Grocers’ Board of Trado, and of the Board of Tride and Transportation appealod to Prosi- dent VAnpeaaiLt, of the Now York Central Railway, nnd Recoiver Jewzrr, of the Erio Railway, to save Now York City from ite commorcial rivals. It wca a moving specio- cle. ‘Thoy begged—thosa mnguates of the metropolis—that the Eric and the Central would consont to carry froights over thelr longer lines, betweon New York and the Woest, nt zates oa low as thoso accorded by the Daltimoro & Oblo aver its shorter line botween tho West nnd Baltimors -aud Philadelphin ; aud thoy begged” that Now York should mno longer be trented as a mere way station be- tweoen Chicago and Liverpool; that is to gay, **That forcign freight arriving at this port (Now York) ghall not be forwarded to tho West over tha New York Contral or Erio Rallroads from hore to destination at lower ratos than the same class can bo shipped from the warchouse in Now York City.” In roply, Mr. Vaspreniur said rother curtly: * It is not for the interest of any one that the il ways should enter into a war of oxtermina. tion"; and Mr. Jzwerr said: “If (Lo mer- chants of New York wish to help the Eric Road ond reduco the cost of transportation ovaer it, they will labor for the improvement of the dock facilities." Rather cold comfort, and rather a sharp slap in the faco, this. Upon a later occasion, that of n meeting of the New York Chamber of Commerco, o] lotter from Mr. Vaxpenniut was road. This lettor of tho Railway King is so portinent to the subject undor disoussion that wo ropro- duco tho main portion of it, as followa: Within the past ten (!un Philndolphinand Daitl- more hiava granted to {helr rallroads the most lbe eral privilego in tho uso of atreets, docks, and water fronts, and bavo furnished theni with cvery asslstance for tho erection of warehouscs and elo- vators, and tho establlshment of steamer and othor lines. ' As o patural lnrllluuw. the imports and exporia at thoue citica will continug to Incresse at the expense of Now York untll Now York shall freely offer tho samo facihitics for commerce. Tha New York merchant la subjected to a torminkl charge of from 70 cents to §1 per ton, a burden from which hls Philadolphia and Baltimoro rival i free, While steamahips at othur and rival ports land at comparatively freo wharves, the rontsl of & duck owuned by our cily is aboat equal 1o 7 per cent por annum upon the cost of o first-class ocdan steamer, At the samo timo our rallroads are probMited from reaching these docks, though the alstanco is only a few feot, the cxpense trifiing, snd ihe comnection would to that extent put us on an equality with ri- val citles. When tho rallroad slesires to use city. propetty for the building of dupols and tho Increase af facil(ties, It \u'l at tho sama rate as Lo A private ndividual, It1s s shortsighted policy which per- mits an increased terminal wxponse at’ New York, ‘making It 1o the intercst of any road to carry ila trafic elsowhero. I sppeal to tho merchanis to arouse the municipal authorities on this question, and to enconrage and sustaln every clort Jooking to rellef and improvement. A more vivid picturo of the helpless con. dition of Now York ns compared with that of her rivals could not bo drawn. The letter might well be lobeled, *‘A lat of the neg- loctod opportunitiea of tho Empire City," for redemption until silvor should be worlh | thess obstacles, we belleve that Presidont 59 pence per ounco,”—n bullion valas corre- | Haves has done all, or nuafly all, that conld sponding to tho Amoriean atandard of 16 to | rensonably be expoated of him, If he has 1. Andwhy not? Would the holder of n | made n very fow bad or questionable appolnt. silver-bnllion certificats worth §100, receiva- | ments, Lis has also ninde a large number of ble for that amonnt in Government taxes, | good ones. 1lo Lias, nbova nll, kept alive the and redeomnblo for that amount in legal.ten- | spirit of reform, and will hand the Civil dor dollars, lay it nway in his safe, and await®| Ssrvico ovar to his successor in bettor con. the Ume when tho sllver bullion he lind de- | dition thau he received it, » posited should become worth 6 pence per Anotlher inquiry to bemade is: Whother ounce? 1o wonld ba & great fool to do any- | publio expectations in regatd to tha Prosl. thing of tho kind, for his silver corlificate | dent’s Civil-Bervice policy have besn alto. would bo worth no moro to him at the end | gethor rensonablo and, just. Becauso ha hag of the yenr than ot prosent, and mennwhile | not satisfied theso expectations fn all re. he would lose all the interest or profit that | spects, it Is assumed that he has done noth. might acerno from tho. investmont or nse | ing, whereas he hna dono o groat deal, Tha" thereof. The troublo with Becrotary Smen- | principal fault is not with the Presidont, but .ataN s, evidently, that he cannot got tho | with the oxpectations, It was too much to singlo gold standard out of his mind. That | nssume that ong man would accomplish is o thing of the past. in 6me yonr roforms which numberless A Lrief, cloar, and simplo exposition of the | men had attomptdl in vain for many silver-bullion certificate systom is mado in tho | years to accomplish, It is truo tho one man bill introduced into the Sonate by Seunator | was President, while the others wore unof. CoorneLy, Which is aa followa: floial citizens. But tho President ia not the De Wt enacted, efe.. That the Becretary of ko | Eolo sourco of powoer in theso United States, Trctnyln herdyy afionisel kot grecedlo v, | Tho Proskdont can do a grent doal, bt b Treaeurer ur any A\l;“."l:l:;:l‘:uflsllzl;{a{l -:Pl; Ufl‘x'ed cannot work miracles. Ho cannot transform Salie Tray welkiit atandard ailvor {6 1he dailar, | tho beartof man. He connot mke incom. and to Inluc rg:,lnu;t:ia :)l‘l)er:g:a;“l‘l: ‘:lu‘:fl?ll(':g‘l,lgn’ pa}nnt men cense to desiro offfoe, or ambi. B erations of Uniied Statea wutes, umd suth cer. | Hous politicians stop recommending thom unc'm-l- plll‘n!llml‘ui :?Gc'.??.l'r u;n .l‘:mh ficlll:l.:lk:l:‘; .-mv' for offico, or the United Btates Sonate from Do bayavie to depositur or bearer, aud shall bo re- | kooping them in ofico when thoy have ob. ceivabio at e n pyment 'odr dl:xl:leuu im i tamed it. Abovo all, bie cannot take tho first :fi:"x’r?::'u':nr':'rh ::;“;:'-l:;lan:"?mumlr’:!unlulhz_ oud most important step towards Civil. United States andemant in silver dollars or United | Sorvico roform, becouse he cannot promiso Do the mroperty of the Unired States, " | sceurity in otfics during good behavior, "I'ho only feature of tns bill which can be Without.this promise, the bost men cannot ronsonably criticised Is the provision for the b'&t“‘l““d to ¥hocept the inforior offices; recaipt of theso certificates fn puyment of | Without it the most elabornto nnd porfect dutios. Tho rqvenue from cnstoms duties is | System of cxaminations would bo futile and - tho sonrcofrom which the public.debtinterest | ehildish, aud sy Civil-Service reform partinl is pald. 'Thero is a limit by law, upon and | 8nd tomporary. This promiso Prosidont by resson of the capacity of tho inints, to [ FlAY2s caunot mpko, His power cxtends the coinnga of'silver dollars. If, thon, | Only to his own term of office, It is wrong, bullion cortificates wora revcived for duties, | therofore, to expact of him o complote ro. the Governinent, not having ‘the facilities to | forim of the Givil Borvica; and it is equally immedintoly couvert tho bullion so acquired | URjust ond ignorant to disparage what ho hea - into coin, might be forced to goto thoe brokers dono beonuse ho hins not dous more. to buy coin tor the paymont of the public intqrest. Unless thore shall bo n suggoestion to ovarcomo this objection, it would be bet- tor 1ot to make tho silver-bullion certificates recaivablo for dutics, but for all other Gov- ornuient dpen§ in that event, gold cartificatos abould nlsobo eoxclud®d from the payment of the dntles, so that the two would bo on au equal footing. Ballion cortifi- cates, thus issued, whothor of silver or gold, would serve to augmeut aud strongthen the monoy-supply of the country to tho ex- tont in which they should ba issned. Such an addition to the stock of money would uot be inflation in the souse of an enlargemoent of an irredecmablo paper curranoy; but the cortifientes would havo the pormanont and intrinslo valuo of bullion notes, convortible Into legal-tonder coin, and in this respect would bo actunl, genuine, .and intrinsic monoy a8 much as aro the notes of tho Bauk of Eugland, or the Bank of Frauco, or'the ‘| Bank of Gennany, similarly sccured by bullion reserves. No objoction will be made to thoir issue oxcopt by thoso whose interest it is, o8 monoy-londors, to keop the supply of moncy scarco and doar for their own solf. {ah, purposes, .. HEWITT ON THE CIVIL-SERVICE, Mr. Apnamt Hewirr's ottack upon the Civil-Bervico policy of President Haves wes not succesaful because it ntfompted too much, If Mr, Hewrrr had been contont to €l the truth and stop thero, ho might have made an impression upon tho country, He might truthfully have said that President Havxs has disappointed some of the oxpoctations raised by his letter of accoptance, that he has made eome bad appointments, and failed to make some romovals that wore nceded, Thess would have beon discroot charges, for BMr, Hewrrr might have brought forward facts to prove them. QGonoral charges of in- cffiolency, favoritism, and, corruption cannot e so provod. Bimplo nssertion is not suf- ficlont, Whon Mr, Hewirr says that tho appointment of Bavaup Tarron as Miniator to Berlin and that of Jaues Russzrs Lowkey as Minister to Madrid were unfit, people ask for focts, which he cannot give. Tho coun. try hos approved thoso sppointments, A, Izwirr's disapproval of them without suf. ficlont rensons casta suspicions - upon the, purity of his motives. By claiming too much, he damages his whole argument. A disoussion of the Civil-Bervice policy ot President ITaxes, requires, first, & considera. tiou of tho question, Xas he done the beat hie could? He has worked under pocullnr difionltics. The announcement of his inten. tlon to purify the publig service raised a pow. orful oppouition within his own party. The Sonatorinl Gronp, which found itself threat. ened with dissolution, began war upon him personally and offlcially, A unmber of hia nominationa wero rejocied. Others were “ hungup " in committoo, Btil} othars were confirmed only by the votea of hias politieal opponents. At the samo timo the newspaper pross opened upon bim. Buch organs as tho Now York 7'ribuns and T'imes, which con.:| tributed largely to his oleotion, criticised his polloy severcly. Mo was mcctsed of saorl- ficing tho party to promoto perspnal ends, of smaking appointments in the interests of fac- tions, and of boing **a mere thoorist.” Wo do not think it remarkablo, under the cir- cumstancos, that ho put o number of his fricnds into office. Ho folt the noed of friends, Withh both ouseas of Congress'in the hands of his political opponents, it was necessary that he should have mon whom ho could trust in the Excoutive Dopartment of the Goverament. Unloss his Administration wos to be mn utter fallure, ho cofid not have as his licutcnants porsons who had noither sympothy mor respect for his opinions, Now it is to bo remarked'that, in spito of the obatacles thmv‘u in his way, Presidont Haxes has made the Civil Bervico bétter than it has been before for fifly years, Tle las, it is true, rotained A:mu'ox [ Collector at Now Orleans and Antnus at Now York, but he did not do this ungjl the nominations of Luwnexce and Rooszvzur thad been refected. He has & Cabloot which will cowpare favorably, in point of ability and character, with suy sincs tho early days of the Republic. The corpa of Foreign Min. isters 1s likowise singularly pure and eficient. Such nauwpgs as Lowzwy, Tayion,'Wrrsm, Norzs, and Stoucurow are sufficient teati- moanlals of the good intentions of the Presi- dent. In the subordinate officos at home there isan oqual degree of intclligence and thrift; and tho. results aro shown in fhe service, for thero has not been an Lmportant Tho London JZimes hsa at Inst managed to flop on tho Eastorn question. Yesterday it camd out with nn editorial declaring that Russin must submit cvery one of tho pence conditions to the Congress, not excepting tho indemnily clanse. For six months the T¥mes bos been trying to pound into the English mind the idea that Turkey must be loft to her fate, nnd that England had no business whatover to say anything as long ns British interests were not interfered with by tho selzuro of Constantinople or tho in- vasion of Egypt. Russia hns nofther oo cupied Constautinople nor moved nupon Egypt, yot the Zimes has found it con- veontent to go back upon all its precopts, and dewnnd that Russin submit her treaty with Turkey to English rovision. 'This, ncoord- fog to all reports, the Czar has positively rofused to do. Henco, if the Z'mesis ox- pressing an official Cabinet opinion, it may Lo inferred that there is or will bo a hitch in the negotiations for the Enropean Coigross, and that England will not havo to go any further to seck pn excuso for declaring war. TAMUSEMENTS, MeVicker’s Theatre. Madison street, Letween Dearborn mnd State. **The Two Orphsus.” Iicoley’n Thentros Randoiph #treet, between Clark ond LaSalle, Fngagoment of Miss Fanny Davenpott. Afternoon, “Divorce.” Evening, **London Assurance,” . | New Chicago Theatre. Clark street, opposita Sherman House. Engage- ment of Haverly's Minstrels.” Afternoon and evaning. i Tho Canadians oro boginning to ask how the public debt, which they aro now building up in so onterprising aumanner, is to bo paid nfter it is capped with the handsomo cost of thelr Summer Pacitio Railway. In 1867 the then thrifty inhnbitanta of the Dominion got along well enough by psying interost on only $03,016,061, Now tho dobt has rison to double that munount, and it is thought that it conndt bo stopped short of $250,000,00), +Tho cconomists of -~ that reglon, notably tha Monetary Zimes of Toronto, beliove that tho population of Can- ada i too sparso to pay a direct tax big enough to liquidate the nunual intercst on such n sum, and consider tho enly prac- ticable scheme ;of raising the monoy to bo found in* & gront oxcess of im. porta ovor exports, on which customs could bo collected sufficient to meet the additional wants of tho,Govornment, This might pay the necded iutorcst for a fow yeara very nicoly ; Jut, if the wise Conadians should koop sending out thelr coin to’ pay for the needed imports on which to collect the needed tax, it is not difficult to soo that tho dobt would be mienncing them with an un. satisfiod flacal maw long aftor they and their monoy had been parted. Tinverly’s Thentre, Monroe street, cornerof Dearborn, **Uncle Tom's Cabin." Afternoan and ovening. * Colisoum Novclty Theatre. Clark street, opposite Court-House. Varicty ver- ormance, B SOCIETY MEETINGS. FESPERIA LODGR, NO. 411, A. F. & A M.—=Mem- bers are notified to sttend o re‘lgaurcommunlr“lun 1o ‘ba held nt thelr hall (Maronle Teniple, corner iiandoiph B o pusos oF holiina an cleetion, of +30) 0'clock, for the purpose of hol Gitoors. 2% T MO PYINEN M. HROWN, Wa 3 DLANEY LODGE. KO. 271 A., F. & A. M.—tated G omenat < Pleling brcifiegp COF- o't cK, £ onroe-at. . Gialty nvied. 'SROIGE GANDNEN, W SiF Jl){l.“ AR T, Bec, WEDNESDAY, AMARCH 13, 1878 Groenbacks ot the New York Btock Ex- chango yestorday closed nt 194, S0UTHERN CLAIMS. The danger which is throatoned to the . Publio Troasury by the oloud of war claims cannot bo pointed out too often. , Even if tho danguer woro confined within ita present limits, it would be an appailing one, involv. ing tho payment of unjust, sbsurd, prepos- torous, and frandulent claims, nine-tenths of which would not stand in State courts s ogainst Biates. Tho moat startling featuro of tho Tronsury raid is the persistent and do- tormined effort of the Southorn Brigadiers to opon the doors still wider by favorable logls. lation g0 as not only to mako the collection of pending olal ms socure, but to onlargo the aren by shortening the timo of tho Rebellion, thus bringing in o new swarm of claimanta to add millions moro to tho stenl, and avent. unlly propars the way for makiug tho North pay the Rebel dub!l. Thero are 25,000 claima already pending, most of which comu from the South, and thoy involve over a, bandred million dollars. Almost evory day brings sowo mnew bill intonded to opon the wny for mnew oclaims or securo the colloction of tho . old, and'the Southern Brigadiers, roinforcod by their Northern allios in the Houso, expoct and intend to pass them, taking advantage of the npathy of the Northorn people, and tholr disposition to do anything that will tond to the reconciliation of the two soc. tions. A glance st tho bills introduced during the prosent scssion by Democrata will show how thoronghly thoy have organized legislation with tho purposo of depletingthe Treasury. Mr. WiLson, of West Virginis, has prosonted & bill ddclaring that the loyalty of evory citizon shallsbo assumed until hia disloyalty is proven, which reversos the rulo ot prosont govorning the Southern Olaima » Commisslon; Mr,” Mivrs, of Texas, o bill dating the closo of tho War of the Rebellion bacl to Juno 30, 1865, instead of Aug. 20, 1866, which Is now considered by the Qourts aa the officlal period, which will increase the amount of claims sevoral millions; Mr, Burwrxy, of Alabama, s bill abolishing the Bouthorn Claims Commissfon and tranafor- ring all tho business ponding before it to the Court of Claims, where the claimant will not bave to prove his loyalty; Bonator Ganraxp, of Arkansas, and Represents tive Euus, of Loulsiana, bills allow- ing olaims for the procesds of caplured and abaudoned property, the flilng of which was limited to two years after the close of tho Ttebellion, in tho Court of Claims, to be filed for one yoar or more ; Mr, Coox, of Geore gis, a blll roquiring tho Government to pay forall cotton seized by its agenta inthe South after May 20, 1865,—~the data heroto- foro having been June 80, 1866; Mr. Canery, of Virginia, a bill atill further changing the date of the cotton claims to Aprit 10, 1805, and adding tobacco; Mr Roneersox, of Loulsiana, o bill to refund the tax collected on mw cotton, smounting to $00,000,000, to the individual owners, and Mr, BnzrLey, of Alabama, a bill torefund the amount to the Bouthern Btates pro ratu for school purposas ; Alr. REacax, of Toxas, & bill ropualing the joint resolution which de- clired as forfeit any claim against the Gov- ornmont due on April 18, 1801, whosa hold- ors wepp in any way disloyal; the House Committes on War Claims, o bill tronsfer- ring to tho Bouthern Claims Commission all the claims pending before Congress, the Qumomnatet-(}&unl. and the Commis- sary-General ; Mr, SinavzToN, & bill allow. ing further time for the filing of new claims; and My, Gavss, of Arkansas, & bill 1o distributo the romainder of the proceods of the sale of captured and abandoned prop- erly among the Southern Btates. In addl- tion to these bills of a general nature thore aze half a dozon or moro to restore tho names of isloyal porions to the pousion.rolls, and hundreds of private reliof bills for individ- ual losses sustained during the War, alj but fiftoon ar twenty of which have been intro- duced by Pemocrata. i Wae call the attention of our readors to the swarm of claims now pending sud the mille ions of monpy they involve; to the mult- tude moro of claims walting legislation, t0 come in; and to the rapid aud steady -mone’ ‘ner in which logialation to expodite the rob- bery of tho ‘Freasury is being introduced Thiy infomous business has beon sprusg upon the country by a Democratic Congresd whosa watchwords are economy snd reform, sud by Demooratic Congressmen who werd elected upon explicit pledges mmade fn the Moy letter that mo claims wising from the War of the Hobell- Tho Rt.-Rev. Saxozr Arreny McCosarr, Protestant Episcopal Bishop of Michigan, has resigned tho Bishoprle, his advauced ngo being the cause of his rotiroment. He rauked second in point of seniorify among the Bishops of tho United States, having been consecrated at 8t. Paul's Church, Phil- adolphin, July 7, 1836 ; while Bishop Barrn, of Kontucky, was consccrated four years prior to that time. Tho * respectablo” Domocrata who have united in forming the Democratio League of Cook County had a meoting the other night at which there was an outpouring of soufid doctrino and puro spirit. Ono of the mem- bors remarked that the Democratio party had liad too wuch bummorism in its own ranks. What they wanted was to reform the Demo- cratic party. Tho speaker hoped to see no more Demogratic Conventions whera dole- gates wero bought and #old on 'Changs for the highest price, or where candidates could go in with o barrel of money to by a nom. inntion, This, it is well known, is no figure of speech. Nominations were bought of the lnst Domocratic Convention openly. There is just this to bo said of tho Demo- cratio Leaguo and its professions: It can- not carry on any roform movement in that party without jmoney. 'The Domocratio Teaguo is composed of moembers of the party who have monoy. If they ceass to uso it for tho benofit of the rank-gnd-file, they will gét no votes; if they nso it to pock primaries and wecure tho gontrol of Conventions, thoy will be themuclves guilty of bummerism, 'There is no middle course, It would bo wiser and moro patriotio for the men of property in this Leaguo to join a porty in which the praotico is not to put nominations up to the highest bidder,—~un- less, indeed, they want nominations them- solvea. . Tho result of the election in Now Hamp- shire yosterdoy s, sccording to latest ro- ports, somewhat doubtful. Tho vote, @ compared with that of last yenr, has fallen off a littlo, and thero appenrs lo bo a elight Republican loss. According to the totals given from noarly -the ontire Stato tho Lopublican candidato atill loads his two op- ponents by 1,000. Thero is a possible chance that thero way have been no choics by the poople, in which4event the Republicans must win, od they hive a majority in both branchics of tho Logislature. ot i — e g has occurred at Dart. mouth Collego which is not withont redeem- ing fonturcs,—theso consisting in the fact that two of {ho gontlomanly Freshmen, who asyisted in nbarly boating to death with glass bottles a Sophomore and his Sonfor brother, have beon arreited upon o chargo of assault with intent to kill, and will be afforded an opportunity to plead to a criminal indict. meut and stand their trial, A term in the Penitentiary is needed to completo the satis- factory part of the rocord in tho case. puisiieiistlnihriey The chaoracter and extent of the recent storm in Wyoming aro partially mado known by a dispatch from Sherman, in that Terri. tory. Itisenldto have been tho soverest weathor oxperiouced in that rogion sinco the complotion of the Union Paciflo Road. Al ready nccounts aro coming in of several par. ties baving perishéd from tho oxtréme cold, snd many thousands of live-stock are repre. nented to bavoe bLeen lost from the same couse. Commanication in eithor directlon from the lno of tho railroad is now very diflcult on account of the heavy snow accu mulation, and it is foarcd that a more terrible talo of death and auffering is yot to bo told, All the temporary reputation gained by Messre. Frrzaznap and Mexen con account of their votes on Monday to reduco the al. lowance for prisoners’ diet to 25 cents per diem must be canceled, and all tho credit giv- on them in this connection must share the fate of the original proposition and be recon- sidored. Tt was out of all reason to expect auything in tho natare of genulne reform or rotronchiment at the hands of thess two ring. sters, one of whom,—3eves,—though eloct- ed upon a solemn pledge of co-operation in the offort to break up tho old Ring, imme- diately joined and has over since faithfully served thonow combination of corruptionista in the Board; while tho other—FiTroxn- ALp—was & Reformer only so long as the Ting did not meed his vote snd refused to tako him in, but directly an opening was of. fored he became o mdémber aud in some gort a loader of the tax-eating crowd. Yestorday's proccedings indicate the trua catimato which should be placed upon this braco of worthies,—Firzaenarn sppoaring s thio leader in tho movement to reconsider the action whereby the Hherift's dict-sllowanco was rednoed, and protending to cite o logal oplujon which Lad npver beon given; and Meyen voting uniformly with the Ringin the disgraceful job which was set on foot in referring the bids for furnishing supplics to n speclal committee kubwa to be committed to tho interests of ‘the Ring contractors. With tho ssaistauce of these two bogus Ite- formers the ll}ng Lies boéh mado more come pact and impudent than ever, ss is ovi. denced by the perforinances of yesterday. SEURETARY SHERMAN ON BULLION CER- TIFICATES, According to the roports of Soeoretary Buznuan's appesrance before the House Committeo on Coinaga, Weights, and Meas- ures, which has under cousideration the proposition to issuo silver-bullion gertifi., cates, that gentleman is in favor of issuing the cortificates on tho busis of the gold valuo of tho sllvor bullion deposited fn tho Treass ury, Betling asido the utter impracticability of this plan, the suggestion is not to ba con- tomplatod seriously, for the fundamental resson that* it would ro-establish the very dlatinction botween gold and sllver as mouey which hos just Loen obliterated by act of Congress after o long struggle against tho money-power and influence by the gold cliqua. It would be to continue the rating of silver in gold dollars aftor the formor had beon deposited with tho United Btatea Gov- ernment to be converted sooner or later fnto coin, This is a distinction botween silver and gold for money purposes which is no longer recognized by law. The gold cortifi- catos aro jssued now as vepresenting not so many ounces of gold, but so many dollars, and the silver corfificates must ba of the same character in order to sorve the purpose for which they are designed, viz. + Theintro- duction of silver notes representing so many silver dollars, pending the incapacity of tha mintg to coin silver dollars beyond cerlain limit, Secretary Buzauax’s idea probably ia that the Government should recolve the benefit of any rise in the bullion value of silver so depositod. To carry out this idea, it would ‘e necessary to ascertain the London rating of silver bullion {n gold from day to gay, and exact from every depositor a cortain amount of ballion in excess of the lawful welght of the silver dollar to correspond with the Lo, don rating. For instance, in order to obtaln a certificate for 5o many silver dollars to-dny, it might bo necessary to deposit bullion at tho rate of 440 grains instead of 412} grains to tha dollar; but such cortificates would be receivable for dues, and current in private transactions only for the face value of the number of dollary they would represent, siuce they would be redesemable in ko many dol- lare, The result of any such rulo &s thiy would bo that nobody would make s deposit of silver bullion in exchange for certificates ; every owner o silvor bullion would profer to bold it for the rise, or, if dosirous of part- ing with it, would sall it at the market rate Tho first growl of tho Ilusaian boar, in answer to England's impudont assumption of the right to roviow all the provisions of the Ban Stofano T'roaty, comes through the medinin of the Journalde 5t Petersburg, which plainly gives mnotice that' no such assumption will , be tolorated by Ruesia, ~ Tho treaty being an accomplishod fact, it is not to bo supposed that Russia s going to go over the wholo ground ngain in the Berlin Congress at.the dictation of Great Dritain. Unless Denny can securo & very powerful second to the motlon, it is likely to bo lald on tho table without much ceromony. The compulsory reduction of expenditnres to corrcapond with the straitened condition of municipal finances has been bogun in the Polica Department by the discharge of several patroimen sorving gn probation, and will bo extended to the other branches of the City Government as soon as it can bo de. turmined where the ‘cutting-down process can bo applied with the Jeast dotriment, It was to bu expected that the displacement of persons appointed through Aldermanio influ. enco would evoke bowls of anguish singly and in chorus from Aldermen whose friends have suffered the inovitablo; and of courss tho only thing to be done is to let them howl sgain. A now feature of tho complication is furnished iu an application, filed yesterday in the Suporior Court, for an injunction re- straining the city from poying the contifi. cates of 1875 and 1877, S————m— The Texas Pacifio supporters and lobbyists haviug been compolled to sbandon the plea 1t is worthy of especial noto that, whila Mr, Hewirr criticlsed severoly the Preal. dont's Civil-Borvice practices in his remarks on the Diplomacy Appropriatipn bill, he took occasion again to give in his full adherence to tho legitimacy of Iares' titlo to theoffice. On this point Mr. Hewirr {s reported as fol- lowsr . Tsappearcd to him asif the Prestdont's will had been paralyzed by thrests made on either sids of the Mouse, sud by newspaper discussions as 1o his title to the ofco, 1lo (Hewirr) wished to say distioctly that laves beld bls title Leyond reach of suy procoeding, political or otherwlse, vxcopt o hie own concignce, 1€ thero had been & \;tlu:us.\‘uua.bh h:fl bfi '.“nlu :ol b, I‘I.ln l’l;:l- : dent, bus by the Electoral Commlssion, Mr, n; no-cowpotition A:l & reason for opposing mvn h;l& hll'vmc; by n:ulrflelfie:\u o l\u‘l‘ lfluud acifl ¢, aud therefore he coyld afford 10 mrli Brii At propsattiois of e Bautherd Pasitig Gom. forward 10 executiun of the picdges which bo u& . pavy to build the road without Government | given, uid, have now fallen back upon the assertion | 'I'his doclaration coming from M. Hewitr, that the Bouthern Pacific bas no inteution of'| a conspicuous represontative of the Eastern building tho road at all, but is in tho ficld | Democracy, and supplementing a still ty the purpose of keeping out Tou Bcorr | strovger statement by Arxxanpzs H. ond the ‘l'exus Pacific, 'Iho averuge intelli- | Breraxys to the same purport in behalf of genco—not having already been warped by | the Southern Democracy, as well as Mr. Paxnr's exposition of the Electoral Commis- tho prospect of gotting a slice out of tho euorwous subsidy asked for by tho | sion low, speaking as o Western Democrat, TPexas Pacific—will find some difficulty | should set definitely ot rest the constant und tedious rumors that break out as to a in grasping (bis idea in view of the fact that Lo Southern Pacific has already pushed its | threatened seoponlng of the Presidential rope. This trade is still increasing. Bev. cral promivent houses, hitherto doing a for- eiga business through Now York sgents, are this spring making arranguments to open diroct connections with foreign houses. Huch ohanges involvo a transfor of all the carrying trade of the houses In question from New York to Baltimore or Philadd-