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

e THE CHICAGO TRIBUNE: SATURDAY, JULY 13, 1878-TWELVE PAGES. The Tribane, TERMS OF SUBSCRIPTION. BY MAIL—IN ADVANCE—POSTAGE REPAID, g . 312. Daily Fdition, ore year. 299 Tarts of s year, mont} Funiay Kl 3 o . B n'.% Vartaof a yenr, per ition, twelve pages. . e yOu WEERL, .00 Eatord Tri-Weekly, ond 00 One corg. Sl o T, Hpecinien cople Give Post-Unice Caunty. Kemittances may he madn cither by draft. expres Tost-Oftica order, or in regiatered letter, at one risk. TERMS TO CITY AUBSCRIBERS. Dally, deltvered, Kunday excepted, 25 cents per weeX, Datiy, dellvered. Banday Inclnded, Svcents per weeke Address THE THIBUNE COMPANY, Corner Madison and Dearborn-#ta., Chicago, 1, Orders for the dellvery of Tnx Taunvx at Evanston, Englewood, and 1lydo Park seft In the counting-room wlii recelve prompt attention. e TRINUNE BRANCIT OFFICES, Tits C1oaao Taipux® has eatabilatied branch ofices forthe recelpt of subscriptions and mdvertiscments s fall, |uc!n$lnl State snd NEW YORR—Room 29 7riduna Buliding. F.T,Mc* Faonex, Mansger, TAIIS, France~No. 16 e do Is Grange-Datellere. 11, ManLrn, Agent, . LONDO! ng.—American Exchange, 44 Strand. Haoolry’s Thentre. Randotph street. between Clark and LaSalte. Engagrment of the Unlon Bquare Theatre Company. * Agues.” Afternoon andevening. New Chicago Theatre. Clark street, between landolph and Lake. Variety entertainment, _Afternoon and evoning. e SATURDAY, JULY 13, 1878 — Qreenbacks at the New York Stock Ex- change yesterday closed at 004, R . veloed & proposition for an increase of froight-rates put forth ot the Bnratoga cou- ferance. Ho declared that tho present was no timae to talk of nn increaso, and that tho bhusiness of the comuniry could not bear it. It is regardod as settled that no rise in rates is contemplated at thia time, Some of the testimony taken at West Toint in the Firz-Joux Pontes rehearing is very favorablo to the defendant. Witnesses familiar with the country and the situation in goneral testify that Porz's order to Por- TER to attack the onemy could not possibly have reached Pontzn until after 6 o'clock, aud that the ¢ torrific battle with the com- bined forces of the enemy " which Porx re- ported was nothing mora than a series of minor engagemonts, in which not more than 3,000 Rebels were ongaged at any one time, Beoretary Suxeaman's conferonce with the leading Lankers of New York has been pro- ductive of n thorough understanding with referonco to the virtual accomplishment of rosumption before the dato fixed by the Re- «umption act. s plan, a8 outlined in our dispatches, is to begin very scon the pay- ment in specie of drafts and checks on tho ‘Treasury, and alzo to usa coin in the dis- bursement of Government exponses. Ho ‘will not undertake the redemption of groen. backs in coin until the date tixed by law,— Jan, 1, 1879 ; bmt ft is beliaved that the plan ho has outlined in his conference with the Now York financiers will, upon its exacution, abolish the Gold-Room, and practically make tho paper dollar cqual in valuo to gold. —— And now comes & roport that tho Grecks 2f Crete will ask for * an English protector- ato over the {slangd aa an autonomous State.” ‘Tha. Orotans. have- long groaned under tho yoke of Turkish tyranny, and have been in a stnto of robellion off and on for fifty years, They have tried every mesns to shake off "furkish misrule, but in vain; the clutch of the oppressor could not be torn off. It is in the power of the British to free them from T'urkish control in the samo way that Oyprus Lias been emancipated. It would only be necossary to pay the Porte su an- nunl rental equal to the net revenue derived from the island. Tho improved prosperity that would succead would mnke it quite essy to raiso the nonual sum, Bat England will scarcely consent to undertake it, The Porren Committes spent another hot and nnprofitablo season in trying to bolster up their case with statomentsand admissions by Senator KrLrooo, who was the only wit- ness examined. "No man knows more than ho about the facts and circumstances con- nocted with theelection of 1876 in Loulslans, nnd the ocourrences subsequort to that elec- tion, and the fact that the Democrats have totally failed to elicit from him a sivglo point in favor of their case proves its weakness with unmistakable cloarness, His testimouy yesterday tended to atill farther dispute the chargo that false protests and afidavits re- lating to intimidation were usod before the Returning Board s a pretext for throwing out Demooratio majoritics, Senator Kzrroaa being equipped with figures and facts to show that the protests and affidavits were in every case true. He produced two letters written him by D. A, and E. L. Wenen, both certifylng to the violence and terroriem which prevailed in the Feliciana parishes. Xqually unsatisfaotory {o the fraud-hunters was Gov, Krrrooa's statement thet the 20,000 procured in Chicago was borrowed salely for his own private uses, that not a dollar of it was employsd in connectlon with the Electoral imbroglio, and that the loan Lus beon repaid. Tt seema that the revenuo derived by the Turks from the Iuland of Cyprus for the trouble of misgoveraingit has averaged 8G00,- 000 8 year clear profit. ‘I'he English have stepped into their shoes and agreed to pay the Moslvms $050,000 o year royalty for the use of the island, which s about $3.25 per fuhabitant. We presumo the English rent will really find its way inte the pockets of the British holders of Turkish bouds, The ‘Curks have paid no interest for two or three years, but havo used the money to fight the Russians and the insurgents in the European proviocos who rebelled. Yestorday, Mr., Bax. 150, of the British Logation at Constantiuople, Loisted tho English flag snd took possession of the island in the name of the Queen.Em- press of Great Britaln, Ireland, Indis, Canada, Auitralia, South Africs, West India, Hong Kong, and the Fiji Islands, A garrison for tho present of 10,000 troops—7,000 East In. siisus and 3,000 British—Lave been throwa upon the islaud, under the command of Bir Gauskr Woustrry, whose salary has been suised to §25,000 8 year to fit his new honors und respousibilitics, Uunder British rule the resources of the island will be enormously increased. Good goverument and pleaty of Suglish money wsud enterprise will work wonders. ‘Tho island will doubtiess ba oceu- picd by thousauds of Engliab ns s winter resideuce, 28 its climate iy softer than that of ltaly, and in wmany respects bettor thun that of Egypt. Latitude 85 passes through 1o middle of it, which is two degrees south of Bicily. Malta is half way between Gib- raltar at the entrance of the Mediterranean, and Cyprns at the cast end of that great sen. It in about 1,000 miles by water from England to Gibraltar, 1,000 miles from the latter to Maltn, and 1,000 miles from there to Cyprus. Thnt the English will hold the island with a strong grip cannot ho donbted. ‘They have clung to Gibraltar and Malta with a flemness and tonncity that nothing could sover, Tarkoy hns misrnled Oyprus almost since the time Corumsus discovered America, and s good while Lefors the Pil- grims landed st Plymonth Rock. The chiange of rulers must be n happy one for the long.oppressed Groek Christian inhabit. nots, —— e The Orangemen of Montreal, deoming prudence to be the bstter part of valor, al though a strong military force was posted in the city to keep the peace, abandoned their procession, so that, with the exception of desultory individual scrimmages, snch ‘as might bo oxpected at n time of universal ex- citemont, with religious fanaticism in a atate of frenzy, thero was no riot. 'Tho Orango- men were placed in a peenlinrly critical and porilous pomtion,—virtunliy between throe fires: The Mayor and his strong staf of specinl police, the Catholics, snd the military under Gen. Sir Srray Surrne. Tho latter had made koown his in- tontion not to protect tha Orangemen fin their claim of the right to parade thostreets, bnt to hold his troops in readiness to fire on any and all parties disturbing the poace. '[he procession was then abandoned, snd what promised to be a bloody epoch in history ‘waa converted into & day of comparatively unexciting incidents. The way out of a recurrence of the dangerin future which was yesterday averted has been provided by the arrost of six of the legding Orangemen upon special warrants, the trial of whom will ba a test whother the Orange body is a legal Bocisty. If the Courts docide affirmntively, then they have a right to march, provided they do not distnrb the publio peace; if not, then they clearly come under tho existing statutes that forbid the processions of illegal socioties, and can ouly march at their own peril. It will be a special bleasing to Mon- treal if the dispuled question of legal right onn be forever settled, and the law in the case, when clearly ascertained, strictly on. forced herenfler. TRE NEW Y ggc CUSTOM-HOUSE EX- SURE, Tho romoval of the Collector of Customs and the Naval Officer at the Port of New York ia an act of national importance. An attempt is mada to traat it os a political act, —ns part of a controversy between the President and Sonator Coxxrixg,—but this is not warranted by the facts, Tho remov- ala are made for canse,—tho dishonest man. agement of the Cnatom-Hause, to the loss of the pnblio revenue and to the injury of honest merchants and the proflt of dishon. o8t importers, Aftor he had been in office for some months, the President Lecamno satisfled that the business of the New York Cnatom-House was not honestly conducted. Of this gen- eral faot he Lad no donbt, and he was also satiafied that o conld look for no reform in tho abuscs, snd no interferonco with corrup. tion, until thero waa a ohange in the heads of the oustoms office ot that port. e thera- fore romoved the Collector and Naval Officer, and nominated other persons against whom uo objections could bs made, Mr. CoNkrina thonght proper to resent this nction ag a personal interforence by the President with his Scnatorial prerogative, and on attempt to remove men from offica Decanso thoy were hla political supporters, He sounded the alarm, and every machine Senator rallied to hissupport, and, by defent- ing the nominees of the Presldent, reatored tho chiefs of the dishonest customs servica to their officos, A Thoro were issucs at ataks moro important than any mere controversy betweon Ar. Coxxuna nnd tho President; and among these was tho power of the Government to compel an honest execution of the Cus. Yoms laws in New York City, and take from o corrupt combination of officiale in tuat offico with dishouest persons outside the moansof depriving tho Trensury of its lawful revenuo, sad doprive honest importers of the ability to compoete in trade with those proteoted in frauds by the customs officers, Tue Cur. cago Tuiouxe, armed with facts, daily, ond for many months, disoussed the subject of abuses at the Naw York Custom-Ilouse. Tonest importation had bocome almost impossible, In tho first place, uvery possible obstacle was placed (o the way of Western importers receiving their goods under bond. In the next place, imported goods cost more when laid down in Chicago and othor West. orn cities than they could bo purchased for from a ocertain class of fmportsrs in New York; and honest importors ia New York conld purchase in that oity goods, duty paid, for loss than they could import them for, The Collector of Customs in this city, after a diligent investigation, was placed in the pos. sosslon of information locating a complote systemn of dighovnesty and frand in the Now York Custom.Houss, and eveut uslly, sfter persistent cffort, tho Bocretary of the Treasury was induced to appoint an Invostigation Commission, 'That Commis- sion has boon laboriously at work, It has had access to evidence disclosing a continu. ons system of fraud in which the officers of the customs bave been dircctly concorned, Ono result of this' Commission was a special ruport covering with ubquestionable evi- dences of guilt Joux R. Lrpeoxew, the principal Deputy-Collactor of Now York, who has been concorned in fraud for a num- ber of years, 'This report was temporarily pigeon-holed at the Treasury Department. Soveral days sgo Tuz Cu10a00 ‘I'RIBUNK au. nounced the fact that such s report had been made, sud demanded its publication, The publication was refused, but the report was lald beforo Collector Autuus, who, rofusing or negleotiug to evon suspend Lyproxes, or otherwise consider the report, was, as the responsible head of the ofice, justly sus- pended. ‘I'hat the New York Custom-House has been a den of ofticial thieves has beounotorious for years {0 every man who ever had business at that office, and yet the first duty of every uewspaper in New York Lias always seemed to Lo to deny the fact. Just as the Brooklyu peopls resolutely assert the junocence of an accused minister, no matter what the facts, because o admit bis guilt would hurt relig. ion (?), %o the press of New York, though the corruption of the Custom.House has been notorious, scems called on to deay the gulit, lest to admit it will hurt the trade of that city, For years New York merchants hive been able to purchase imported goods, and especially silks, at from 20 to 30 per cent less in New York than they could iw- port the same goods sud pey the leyal duties. And yet, with thiy and other facts equally notorious sund of themselves conclnsive aa to traud in the Custom-House, ths purity of that robbers’ den is nlways claimed by the New York pross. The honest merchanta of Now York, who have to contend with dishonest importers in partnership with the corrupt cnatoms offi- cials, know tho depth and infamy of the Custom-Tonse, Tho mercliauta of every Westorn cily have been to a great measuro compelled to abaudon importation because the same goods are sold in New York by tho Cnstom-Ifonso parinership for much less than they can be honestly imported for, We nced not particularize the manuer in which tho official thief and tho outside thief rob the Troasury and honest importers, and onrich themselves. That has been shown throngh these colitmna repeatedly during Inst fall and winter, It hns been explained by merchants over and over again, and the fact has beon established, that this system has hoen in operation for many years, at an annunl losa of not loss than 220,000,000 of revoune. The whole conntry, from tho centre to the circumforence, is intorested in breaking np this gignntic den of official corruption which has fora quarler of n century defied the Government, nnd which has become more and more definnt as its frands have be. come more profitable. Two yenrs ago, the then Secretary of the Treasury, Mr, Bais- TOW, struck a fatal blow nt the frands and corruptions of the internal revenuo system, under which, by the ald of men in office acting with dishonest men ont of office, the Troasury was robbed of ita rovenuce. Dut tho New York Custom-House hins successfully defled all interforence. It Las baeen able to purchaso immunity by the direct outlay of monsy, the distribution of office, and the making or unmaking of Blate officers, United States Senators, and Roprosentatives in Congress, by controlling local politics. It will not do, theroforo, for the New York press to donouace this re. moyal of Artrue and CorNELL 08 an anti- Covgriva movement., Itis not a question botweon the President and Coxxtrxa, but one botweon the Governlnent and the conn- try and a thoroughly organized gang of offi- ocinla to plunder tho Treasury,—n school of practice in forgery, perjury, blackmail, cor- ruption, and goneral infamy,—deserving the sovorest punishment due to folony of the rankest type. In the removal of theso men, who have made themselves the protectors of corrupt subordinates, and have promoted and oncournged corruption by tolerating it, the President and the Becrotary of the Treasury will have the support of the country, The Souate 1ast wintor, on the pretext of the absence of proof, shielded and protected corruption §n office. It is not likely that the Senate will put the country agaiu at deflance by proleoting the convioted thieves of the Now York Custom-House. NEW LIGHT ON THE LOUISIANA ELECTION The Louisiana eleotion of 1876 is still a matter of torost and controversy, Not- withstanding the rosistance of the Porrra. Burrxn Committos to Becretary Susnman's desiro to producs evidenco that the election in that State was unfairly conducted, andthe voto coutrolled by violence aud frouds at the polls, the question whothor or not s falr election was hold is the very basis of the controvorsy over Prosident Haves' moral right to the office he holds, There can be no legitimata controversy over tha Presidont's logal title to his office, sinco that was con. firmod in & constitational mavner by Con- gross, oxclusively vestod with the nauthorlty to determine it. But thore are many peopla who, though not donbting the validity of tho mothod adopted Ly Congress, uor yet tho authority of the Lonisi- una Returmng Board under the laws of thet Statd to revise and cor- roct the returns, are still troubled with tho foar that the real events of the elcction did not morally warrant the courso that was taken to give the State to Ifaves instead of Tioey. Senntor KrLroaa's testimony be. fore the Porrra-Burren Committas is useful in furnishing the statistics of the Louisiauu cloction in such nshaps ns to admit of an analysis which completely justifics the ac- tion of the Returning Doard. Upon a fair basis of averages it bLecomes evident that Louisiann way Republican in 1876 by nearly 10,000 mafority. In making up the lista of reglistration in Youislana, account is kept of the relative ‘whites and blaoks who are registerod voters, and the relativo strength of tho two parties can be approzimately determined by the colorof the volors. As s whols, the blacks vote the Ilepnblican ticket and the whites the Democratio ticket. It is probable that the number of white men who vote tho Hopublican ticket in Loulsiana ,is about the same as the number of black men who vole tht Dumooratic ticket, and it may be admitted for general purposes that ons class will offue} the other, #0 that tho registration of blacks fairly indi- cates the Ropublican strength, as the regls- tration of the whites indicates the Demoorat- ic strongth, ‘There wre forty or forty-one parishics in tho Btate in which the election may be wsid Lo have been reasonably fuir and free to all, In thesa parishes there wore un. doubtedly influences that were jmproper and unlawful which operated to reduce the Re. publican vote, but there was no organized wnd successful system of bulldozing. In the seventeen or eightcoen other parishes (in- cluding notably East and Wost Feliciana, Quacbita, Morshouse, and East Baton Rouge) there were murders, whippings, threats, vio. lonce, aud intimidation reduced to n system for the suppression of the Republican vote. If thera wero no direct proof of all this, it would ba evident from’the average ylold of the party vote to the purly registration a4 shown by the bulldozed par. ishes in contrast with that of unbull dozed porishes. In the forty counties measurnbly free from organized Intimida- tiow, the registration showed 87,099 Repub- lican votes, and 05,747 Republican voles were actually cast. In tho same counties the registration showed 72,034 Democratic voters, and 59,893 Democratio votes were mctually cast. All these figures, it must Le kept 1 miud, are the original returns before they had beon revised or altered by the Btate Board. It sppoars, then, that in counties where there was no violent repression of Republican votes, the Domocrats succeeded iu polling about 83 per cent of their regis- tration sod the Hepublicany about 74 per oent of their reglutration. As this is an average muade up from forty counties out of the fifty-seven countics of the Btate, it will scaroely bo denied that materially the same average ought to appear in the remaining seventeen counties of the Btate, Dut such is not the case. In the bulldozed parishes the aggregate Republican registration was 27,209, and, on the aversge of 74 per cont of the registration, 20,179 Re- publicau voles should have been cast iu thoso parishes. Iu the sume parishes the Domo- cratic registration was 20,360, aud, on the Democratic averago of 83 par cent, they shiould have yielded 16,808 Democrutio voted, Tho voto of the State on this basis wounld hiave boen as follows: MRPURLIGAY YOTR, . In forty pariahen (actnal vote) . veaens 0% 747 In eightecn parishes (on the sanie Averaga). 20,170 Tolaliiasssee vorausrrannses cossssnness 85,020 DEROCTATIC YOTR. 1n forty parishea (actaal yoto) ... -« & ainid In eighteen patishes (on the same average) Total.cos .. Totai Repnbiican vote Total Democratic vote. Republican majority.. The Republicaus wor had & ma- Jority in the Blate, then, of nearly 10,000 votes had the eleotion beon as fair in the oightoen counties as it was in forty. Instend of this, the Repnblicans in thess oightoen counties onst only 10,070 votes of the 27,269 thoy had registered, or only 87 per cent of their registored strength, instead of 74 per cent, as in the olher. forly counties; but the Democrats in those eighteon conutios cast, 21,233 votes, though they only had 20,360 regatercd, or 1056 por cent of the rogiatra- tion, instead of 83 per cent, 88 in tho forty other counties, Could thers be any stronger. ciroumstantial evidence of both intimidation and ballot-box stufling, and other fraud, than thosa averages farnish? Haven't men been hanged on proof not half so convincing? But this circumstantial evidonoco is backed up by tho diroct testimony of the violence snd intimidation practiced in these connties, —80 well organized and so relontlessly prac. ticed that, in the one Parish of East Feliol- nanA, whers the rogistration showed a Repub. lican majority of about 1,100, not a single Republican vote was permitted to be cast ! We think this statoment of the Louisiana election should flnally set at rast any doubt which fair.minded men may have entartained a% to the justice of the Stato Roturning Board's action. That the Board had the power to correct the returns has never been serionaly questioned by any one who knows ths law of the State; but, from the analyais wo have made, it s just as clear that the Board did its duty in exorcising that power to wipo out the fraudulont mnjority claimed by the Damocrats, which was pro- cured on the face of the returns by the most shameless aud solf-convicting intimidation and swindling. The Damocratic ontery against Iepublican fraud in Louislana is but acry of distress becsuss Domooratic frand was not allowed to triumph; and, so far s tho President’s title to his office rests upon tho vote of Louisians, it is domonatrated that Lo raceived that vote justly and rightfuily, 83 well as undor the san:tion of the law, THE PROBLEM OF RAILROAD DEBTS, Poon'a Railroad Manual for 1878 kna bean ivsued, and ls mors than evor a book of in- formation and instrnction. This is the eloventh volume of the sories, and, taken to. gother, they form the most complats and ac- curate history of rallronds in the United States. The firat volume was issued in 1808, just when the construction of railroads on the credit or boud system was getting undor way. Thoe succeoding volumes give the pro. gressive hlatory of tha extraordinary con. struction, the rapid growth of debt in bonds and stock, the effectof the panie, and of the wholesale destruction of capital, tho bankruptcies of companies, the consolida- tions and leases, salos by Raceivors, reorgan. izntions, and other obanges that have since taken place. Thoy also show the progress of transportation, the wonderful incronse of tonnage, the oxtension of tha area supplied by railronds, the carnings and expenditures, —In fact, a thorough history of tho whole business of the great rallroad system of thia country. From the present volume we com- pile aud condense cortain information, which in of gonoral interest, ‘The total number of miles of railrasd con- structed in the United States at the closo of 1877 was 70,208, against«"70,311 miles at the closa of 1873, and 40,844 miles at tho close of 1869. In addition to the 79,208 miles of track, there were 18,099 miles of mecond traok or siding. The number of locomotives s 156,911; passenger cars, 12,068; mall and express oars, U,854; aud of freight cars, 892,176, ‘Ihe indebtednoss of the railrond companies o the United States js thus stated: Capital ek, 278,608 Pu?xdm duot .uxun‘.uso Otber deot . .. 7,604, T74 ‘Total debbeereeveesaanssonsses. §4, 806,202, 023 The total coat of these roilroads nud oquip- meuts {s put down at $4,180,101,727, (iross carnings, 1877, - $472,000, 272 Upcrating expenses %, 673 $170, 070,807 , 840, D Net carnlnge . TPald for Interest. Dividends on s The total amo pi which dividends wero actually pald was 845,088,800, or an average of 7 per cent on that amount. On §1,478,239,702 of capital stock no dividends wero paid. No dividends were paid on any railronds in Arkanses, Qolorado, Florida, Kansas, Lonisiana, Migsis. uippl, Missourl, Nobrasks, Oregon, Toxas, aud Vermont, and only on leased lines in Iowa and Minnesots, The average rate of iutereat pald on the wholo bondsd indebted. neas waa 4,80 per cent. ‘There is much that js more than ordinarily suggestive in these facts and figures, Wo discussed some days ago, in view of the Vaxpeaniyr absorption of somo Blichigan roads, the improbability, if not the impossls bility, of any relurn 1n the future to the high rates of transportatlon in force before and at the time of the panic. The fact that for more than two years the trunk lines from ‘wost to enst have been unable by combina- tion or otherwise to Incroase the rates of freight, or to maintain rates in 1877 that wore exacted in 1876, or aintain rates in 1878 (hat were considored low in 1877, showa that the railroad business geuerally lins reached that point where the rosds cannot bo rnn at the present rates for transportation and pay interest on watered stocky, except at a loss, and that the proper- ty is no great that the Lolders cannot afford to sbandon it, The figurcs we have given show that three-fifths of the railroads of the United States, computed by mileage, paid no dividends om ocapital stock in the year 1877, and that the interest on not more than threo-fifthe of the funded debt of the rail- roads wasfully paid. Most of that which was in default for interest in 1877 was in default previously, aud may therefore be considered as hopeleasly insolvent. Of the §171,000,000 net earnings of the rallwoys, nemly $99,- 000,000 was consumed in paying interest on three-fifths of tuo bonded debt, Poox's tables represcut that the dobt of these rail- ways is $¢,800,202,022, and that their cost and equipment was $4,180,191,727,—show- ing that they now owe $020,010,295 more than they cost. With the increase of dabt, and the sccummulation of unpaid interest, and decline in the receipts, it is a mere question of how long it will be befors baok. ruptoy must overtake the system. The do- cline in groas earaings in 1877 was §24,848,- 687, and in uet earnings 315,476,035, as compared with 1876, and the earnings of 1876 were leas than those of preceding years. How long then can this poliby of running roads which pay no dividends, aud only pay a part of the interest on their bonded debt, be earried on P+ If the low rates of froight coilected during the presont and last yenr continue, then the ronds doing more service than ever beforo, do go at a decline in their groes rovente, Ot conrso tho embarrassment of the roads, asa whols, isnot cqual. Thecanse of the em. barrassment ia the debt, andthers is but little hopo of racovery by the consolidation of one bankrupt eorporation with another Lankrapt corporation, unless, in somo way, thore can be a roduction of tha dobt. Low freights will not enable the railroads, genorally or spocinlly, to pay interest on their debts or dividonds on their atock. The inability of n bond.and-stock-laden raflroad corporation to competo in business with a rond operated by a Rocelver who has only to pay operating ex- pouses, taxes, and his own salary, has been too often exhibitod. The Receiversars mas- tors of the situation in all mattors of competi- - tion. They Aro not embarrassed by demands for intorest or dividends, and it is a se- rious question, daily and hourly pressing for an answer, whather, if low freight tariffa are to be permanent, tho grent mnjority of these heavily mndebted ronds will not hinve to bo operatedon theRoosivor's plan, The capitsl stock is about equal to ong-half the debt; as three-fifths of this stock bins long since enrned no dividend, and ia not likely aver to do 8o, the question ia pertinent, Why cumber the books of the corporations with it? Why not abandon, in all such cnses, the fletion of capital stock, and let the creditora take the property, and, if possible, pny the interest on what i{s dne thom? But in the caso of thousandsof miles of road the earnings are not sufficient to pay either interest or dividend. If thero were any hopa of a return to solvency, there might bo some apology for maintaining thia immonse nrray of nearly $6,000,000,- 000 of debt, but for the greater part of it there is no such hope. ‘The lnst two years have shown that water navigation controls railrond combination, especially when the railrond corporations are not in & financial condition to justify them in losing any business that offers; they must operate their roads ovon at rates that moroly cover, and somotimes do not equal, the cost of trapsportation, There can bo no retnrn to the high rates of the past, and Poon’s figures are ominous ns to the financial out~ como of the situation. Iow much longer can insolvent roads carry on thoir business, and how long can solvent roads compete with bankrupt roads, operated on the Ite- cewer's plan of paying only operating ex- penses P If those railrond corporations were private firms, 1t wonld not be difficult to anticipate the rosult whioch sooner or later would over- take them. The firms would yield the prop- arty to the croditors, and it would be con. vorted into cash; the creditors, as well as awners, would euffar the loss; vast debts would be moarked off the books, and the business would be carrled on by the new proprictors to earn profits on the raduced and actunl capltal invested. The amount {n- volved 1s large, but a vast portion of it has been alroady substantially lost. Much of it is meroly nominal, -though It stands on record s of old, The waler has been largely aquoezed out. Tho gront shrinkage in the valus of railroad dobt, caused by its reduction to & cash valuation, has already been discounted Ly the rapid but general de- clino of that valuo during the last five yoars. To this goneral roadjustment of railrand valnes, made nacessary by the pormanent ro- duction of railroad tariffs, affuira aro drift- ing. When that adjnstment shall be com- pleted, the railrond trousportation will bo carried on for the joint interests of the pub. lio and tho stockholders,—the greatest amount of buylness to bs done st the lowest rate consistent with a liberal profit on the capital actually Invested. The Domt;crnu aro vxceodingly ** hard-up " for insues, if we may judga from the follow- ing resolution in the Missour! platform : 11, In the language of tho Indians Demoacracy, we declaro thut thu jurisdiction cimmed and exor- clsed by the Clrcuit Courts of the United States over questions of corporate and Individual rights arleing under the lawa ol States tond 1o oppress and burden litigants (o such an extont as to amount 10 a practical dental of Juatice in many casos, and we cunxfllsr the legislation which has conferred such uriadiction as unwlse, and hurtful to the trie jn- erests 0fthe people. We domand anch lezialation as wiil restrics and limit the Jurladiction of snch courts to sich matters as aro cluarly contemplated by the Constitution and expressed fn tho Judiciary act of 1780, I this statemont is accopted litorally, then it s merely a wmattor abont which there is probably considorabla diversity of opin- ion, without nny regard whatsoover to party lines, There are arguments pro and wn s to the existing jurisdivtion of the United Btatos Courts in local commercial transac. tions Ly reason of the nou-rosidence of cor- tain stockholdersin a corporation which may be & party to the suit. If the Democrats are putting this resolution into thelr plat- forms (knowing that it con never be a party issuo) simply for the purpcse of assorting as frequently sud variously as possibla their extromeo devotion to the Btate's Rlights doo trine, we thiuk it is not caloulated to do them suy good. Tho more they impress thoir State Bovereignty lobby upon the country, the more vividly they will recall their past sccesslon record, and their prosenst nullification tendencios as shown by the Dcemocratio majority in Con. gress, If it is thoir purpose to attack the jurisdiotion of the United States Courts in order to prepare tho way for evadiug the payment of the intornal rovenuo texes in the Bouth, they will make a very great mistake, The Ionss of Representatives, at the recent session of Congress, passed a bill (which for- tunately did not becowe & law) ropealing the present law, which provides that suits brought in State Courls sgainst United Btates officers for acla done in the disobiarge of their duty muy bo transferred to the United States Courts. The purpose of the proposed repoal bill was to place the rev. enug oftivers at the morey of local courts and Juries at tho Bouth, who would stand by the illicit diatillers, brewers, and tobacco manu. faoturcrs, If this is to be the outcome of the Democratio tamporing with the jurisdioc. tion of the United Btates Courts, the now issue will be dotrimental to the Democratic party. e ‘The Bpringficd (11.) Rezister bas * an earncsy appeal to Western Democrats,” In which it m- plores the Democracy of the West to rally arvund the original banoer of the party, waich is lnscribed » Free Trade, Hard Mooey, State Rights, aud Personal Liberty.” It remiuds its readere that {n 1874 “tho Dewmocracy of the Btate of [llinols doclared thelr adlesion to the auclent falth of the Democracy, sod their re- nuuciation of the devil whu faveuted paper muney, aud they carried the Stato by mors than 80,000 wajority. Iu 1878, the Democracy, in Natioow Couventlon at St Louls, seaflirmed their adbesion to tbe ancient fuith, and their candidate, Mr. TiLoex, received & awofority of 250,000 of ull tho votes fu the country.” This lesson of party success L emphaslzed and en- forced by tbe defcats, divislous, and disasters that bave fallen to the lot of that party sivce soing of §ta leaders ndopted “tho Federal beresy that the Congress of the United Btates has the power to declars A paper promise to pay to ho money,” and the eplater dates most of 1ia troubles to the descrters and men **who have been infected with the-strange doctrine of these Iatter days" in regard to the questlon of finance. It now ‘‘inslsts,” with an emphasis which sounds very much like a command, that these men who bave supported s third party and have been *tainted with the zreenback leprosy " shall sce the error of their ways and “now rally under tho old banner’ Thero (s undoubitedly s great deal of truth in what the Register snva in reference to the causes which haves brought the Democratie party Into dlsre- puto with the pcople and Induced them to drive it from power Into richly-merited obscurity and disgrace. It was onco the party of the Union, but many of Its leadors becoming talnted with the loprosy of Btato Bovercigmty, a larze majority ot i, North and Bouth, adopted the heresy of Becessfon, and it took four long, weary years to flog that unpatriotic notion out of them. And to-day it is the Ewinos, the Voonuess, the Brx BuTLERs, the Brick Posenors, and other prominent men of that stamp who have been reared and nurtored In the Democratic fold, that are spreading the false financinl doctrines of which the Heglaster so justly complains. Bo far ss practical iustration of the FRepiater's sermon 1s concerned, it might havo embellished its argu- ment by citing the example of folly that Is fur- nished by the actlon of tho Democracy of our neighboring Btate of Wisconsin, Thero I8 acase in point, and finely {llustrates tho idea that the ltegister 18 secking to enforce. In 1873, for the firat time {o elghteen years, the Democracy car- ried the Btate, and elected all the 8tate officers by a majority of over 16,000, on a sound and consistent flnancial platform. Two years later it again elected nll jts Btato ticket, ex- cept the candidato for Governor, and Le was beatcn for poersonal reasons rather than upon the grounds of party wvolicy. But last year the greenback crage seemed to take posscasion of tho loadors, and at the Btate Conyention which met at Fond du Lac an ex- tremo fuflationist, lo the person of Judge Mar- LONY, was vomiuated for Governor, and the softest kind of = olatform put forth, with the thope of catching the Greunbackers. The result is told in a word, The Republicans went into the campsigan with a sound finsoclal platform, fought the good fight, and redeemed the Btats by electlog every man on their ticket. We clie thiscasebecauso wo are anxlous tohelp ourwell- disposed neighbor down at Springfeld to purge its party ot Ita absurd and unpatriotio doc- trines, that will fnevitably, in the futurc as fn tha past, lead to the disacnsions, divislons, and defeats which the Jeglster so foelingly lamenta, —— Beoator LAMAR, of Mississlppl, has probably falled to provide tho editorof the Southern &taltes, n paper printed at Okolona, iss., with 2 Post-Oflice. The editor has been sitting on® tho caso of the Sonator, and has unanimously sgreed to the following {ndictment: ‘Who worked and worfl;fi‘m behalf of the amond- ied them ot the top of his ugust"'? Mistor Laxan, Who wont ont of his way to glorify the Ba- tanlc Suxxen, and grieva over tho cofiin of that pulitical criminaly Mister Lasan. Who throw the weight of his voice and ballot sgalnst tho Rllver bl in diccct violation of the written dewands of kis conatituenta? Mister Laxan. Who lent o helplng hand to Jacx Susnaax, BTANLEY MATTIRWS, JOuN ARDEsox, et sl inthe commisslon of the Prasidental fraudy Mistor Lasan, Who voted in favor of nenstoning naNT on the nblic at 813,000 per aunum, and apoke of ihat Bitmdy boor as b gallant sojdior % Mistor Laxan, i Who opgoled the repeal of the Resumptlon act, and thereby atruck a fell blow at Bouthern wollaro in vehalf of the devil-Gsh sud rogbers of Wall stor LaMAR. Keap thicsa facts before the people,—1883 is comiug. Gov. Bisnop, of Ohio, {s 88 mad as blazes be- cxuse we made a list of the would-be Demo- cratic candidates for tho Presidency, the other day, now residiug In that Btate, and it did not include him, Wo are sorry that Bisnor was Teft out of that cataluguc, bub then, llke Dick- xN8' Larber, we muust draw the line somewhere, aud it really don’t muke 80 vory much diference with Bisutor, if e only thinks so, which side of the line he happens to bo. Tur TRIVONE s matoly & nows, financial, lterary, family, so- clal, reformatory, sclentific, and moral journal, which sometimes dlscusses political questions fncidentally and parenthetically, but its readera belng generally seusible, practical folk, it pays very little aitention to the senscless jargon and ambitlous schemes of the pollticlans, Henco somotimes the agcount of a follow like Brsmop 18 crowded out by the dolngs of some such ras- cal as Bravexs or some ranting orator like Greonrax Fuanos TnaiN. —————— Concerning the family of Mra, Jenxs, the Moadville (Pa.) Kepub.can rancmbers that thoy once Inhablted that peaceful village, and of the lady herself It says: Acxus, who s now 5o well known as & witnoss, was nearly 18 years ol when she bade gnml-h‘ 1o e boaux'ol Meadviilo, Hho is descrioud b{ql L wiiu remenioor lier 8s & girl of romarkavle beauty, and could weil lny claim to the title of bulla of the villago and & most fascinating yiel, although one without education, except what is deputed as u picked-up eincatlon. Her motaer, hawever, wad oth educatod anid handsomo, aud had'catreo nto tlie best accioty In tho town. 'Tha fa.nily, dorinz thoir lnat years fu Moadville, residod in 8 nounss niear tho ton of Coliege Hlll, abave whura the Odu- Felluws' Home now stande, All our solid men now ‘who wero clansed sa the beaux of twenty yeirs ago can recalt protty Aungn, und wilh wonderfut unan- imity refer to liee fascinating tmamma. ALEXAX- DEx Alvkus, & former editor of thie place, could add u feaf 10 thls that would be Intervstipe testl- mony Just now if b were disposed to fpeak out In moutin e ———— Mr. J. C. WewLs, of SBpringfield, in this Stato, has written a law-book, which fs catitled “A ‘Treatlse on the Separate Property of Marrled Women Under the Recent Enabling Statutes.'” Mr, WeLLS quotes o pocin of TENNYsON in his proface, whichi {s a rebuke to the agitation of the question of Womau's Kights, so catled, and bo declares, also, that but for the Bible it ‘wuuld bu rewarded hore as it is {n all tbe Orlent, a disgrace aud frreparable wmisfortune to bathe parent of & female child?® Mr. WrLis' state. monts of the effect of cxlstlug statutea on tho rights of females may be of value, but when he nuotes the most tancitul of the poets us wuthor- ity on s law gueation, aud fudulges In ss wild a speculntion as that quoted, the reader is not tompted o go farther lnto thu fuwsrdoess of his buok. ———— The Cloveland Leader tells how neatly Bra. CONUPINLD **bamboozled * that great Interna- tional Congress, thus: BEAcOXSFIELD eat at the table of the Cougress ia pretended consultaiion witn the represontatives of other Powers, having a private l«zl{ with ltus- ala 10 one pucket aud & to treaty with Tarkey in tho other. Whea th ays of the Conyress cawe, and the Datoum mattor was settled, out came thio concesled treaty wilh Turkey, The Congress was ustounded. nssla wants timo to think about ali this, France is indlenant. Cyprus 18 1aken 0to possession by England, who 1a bound theraby Lo yoto war at sny tisme It may be neces. sary {o prutect the immense aud barbarous popu- Iation of ‘Furkuy in Asia. The English people hardly know yot what to thiok, They are proud that BeacoNsrikep hae outwitted tontscuaxory for onca, but they do not knuw what the cost of 106 Raume will b, and (hey 1ove o count the cost, e The New York World has becn tsking the measure of the Rev. Dr, PatroN, of this city, something after this fushion: ‘The Rev. Dr. PartoN, Profcesor of Didactic and Polewic ’I'hlulufiy iu the ‘crisn Theological Sowioary of the Northwe Clicazu, “snd Modorator of the Gcueral Asscubly, filed Dr. Havc's pulplt Bunday, e fs 8 may of medium bightand slender puyslquo. Thougl past middie Tife, be Spuears nearly & wcore of yeare younger thsa he really b, J1is brown baiz snd s ace ws yet unsurinkled with gra frow brief notes, lits manuer J dulivery is marked by frequent Ul bauds, pods of the hesd, nad sxayiug of tho whole'body. Hiu vuice, Lloush nut unplessantiy Joud or rough tu thuse near tLe pulpit, is perfectly clearsud Jistinct. 1o the pulpit he wears the gown and cravat. e — Because two or three seotimental women went. tosce the tnurderers, SHERBY sud CONNELLY, and took theu delleavies, the Brooklyn Kugple con- cludes that turderers are popular fu Cllcago smiong wowen, aud overstatesthe case fn the fol- lowlug ridl:ulous wanner: * Meauwhile it becams the fushion for the ladics to dzive duwa to she Lounty Jail, with cholce wines and lltllc::l; cooked with their own fair hands for Lhe oy, demned murderers. Costly clears In handsop, cagos, meerachaum pipes, slinvers hitherto py, served for the pastor, and ggher femining offsy. Ings in tha greatest profusfon, wers ahowereq upon theee two grinning rufiaus,” Upoy the strength of thizlla the Eag'e reads Chiragy ¢ feason fn morality and propriety, over hajf o column in length, Bince when has any Newg. paper {n Brooklyn, the very sink-hola of navg nens, scandal, and corruotion fn Church wy soclety, been made lectnrer upon morals to 1y, community at large? The Brooklyn Lage hsq batter attend ta its own rottenness at homg e, {fore It commoncea misslonary work bere, ——— Bpeakine of the Convention neld In Minney, olls on Tuesday, at which Gen. W. D, Wasy. BURN was nominated for Congress, the St, Py Dioneer-Press sags: M. Wasnnunx sccepted the nomination yy very creditable speech, In which he took espech) rlnn to disavow the narrow local prejudices whicy avo been sometimon unjnatly attribited fo hi, and to place himaelf on & platform of fidelity ta gy, macerlal Intereats of all his_conetitasnts as nras and generon as conld be deired, and {0 reafirg {6 eloquent languayo that davouon to the priy: ciples of hin party which no one has donateq, Frobably there i no Republican in the dintrictwy, [oaseascs ina larger meanur than, Me. Wasinay he eetecm and confitonce of his party, and thiat by will command its united support has now been pyt beyond question, Boclalist Scniwan, of New York, has p christened hls parly, and vow calls it gy, ! Soclalist-Democratic-Workiugmen's pargyn Bcniwan I8 a reat admirer of Ben Butren, ang 1s certain that he (BEN, and not SIwan) will by the next President, and that wealth will they bae cqually distributed. Scuwan calls upon y who cherish the Soclallstic faith in this country to contribute mouey to ald thelr brethrenjy Germany, **who are engaged In a desperaty struggle ngainst the most odious and despotyy of milltary powers.”’ ———— 1t s not often that a politician makes a finy poetical quatation, but Gen. GARFIELD made 5 speech Lefore the Oblo Editortal Assoclatiog recently at Cleveland, in which he sald thaty newspaper **should be like tho mirror fn Tes. Nyson's * Lady ot Bhalott,’ whero *Maving through a mitcar clear 'That hanga before her 41l tho yesr, Ehadows of tho worid sppear.t " And thus tho lights and shadows of the dafly lite of the world becoine tho possession of aj who read.” — Here lles an old woman who always was tirad, For stie lived In & house whera beip wasn't hired, —Graphle, It's ltkely enon Eh' but 1l wager & schooner That 1f she'd had help she'd have aicd ali thy noonor. —Courier-Journal, ‘We'll bet & small steamboat, if yon want to do I, ‘That 1f she'd bad heip sach as you gave to llxwiry, It would take sl the cunning of BurLzn and Por TER : ‘To @nd by what method Death finally got her. R Benator Tnunstay will make his first speech and flourish s red bandana In favor of noml nating TuurMax for the Presidoncy, in Butler County, Ohio, where ho will straddle the flnae. , clal question with hls accustomed skill and ; ITacllity, He will be expocted to adupt soms line of argument that will plcase Ewing, ‘WAgp, sod Jix NxaL, and the softs and the hards aro cxpected to come together in loving | oembrace. f When the clergyman was opening the Illtnoly Ropubilvan State Convention with an address tothe Throne of Grace, he bezan a sentencs with, “Graut, O Lord.” etc., wheroupon ser eral delegates pricked up thelr eara at tho word “grant,” and bezan to wonder if tho clergy had caught the GuANT fever too. Mollfs McCarthy is to be summoned befors the Burren-Porrsn Committes to tell the story of the fraud by which she was cheated outot the great race at Loulsville on the Fourth, As it was a mere matter of endurance in that case, of courso the dotlom facts are what we are alter. | —— Upon the return of Lord BeAcoxsrizLD from his ‘diplomatic triumpl, the Queen, whotn he made an Empress, will, boyoud doubtj make him a Duke, Ilo has won the strawberry-leal, — e It 1s 50 bot on the Paciflc Slope that tho 8iz- Honanza mines havo been compelled to skip thelr July aivldends. The hoat must bo ter rific when tho Consolldated Virginia skips. —— Tho Atlanta Constitut on calls Gen. Grasr “the Galena galoot,” which {8 not an uncon- stitutlonal way of cxpressing oucself, even hot weather, {{ e fecls liko 1. t ‘Tux Citcann Tnisuxe was ar,mlly desirous to £t 810,000,000 for HuxTINGTON's mOnOpLlY & fen wmonths ago. —Louisvlile U.-J, ‘That's a lie; aud no “arbitration." f ‘The Boaton Traveller|s uf the ooluion that New England und New York will wine out the pres ent Democratlc majority in the House, | 1f Enisox wants to measure the heat of the sun, he needn't go to Colorado o do ity It can be done in Chicago just as woll, | Tlow does the little Newe demonstrate that the * American Associated I'ress” dispatclics are apocisls of the News P Qon. BcuBNck wants to get back to Congress. e PERSONAL. Tbe Rov, Robert Collyer is in New York. Young men do not die for unrequited love in thoso times, They shoot the lady-cause of it.— Hoaton Post. 11 Weber recoived $7,000 for his testi mony §t {s reckonod thas he waa pald st tho ratec! adollars lle, ‘Cho Graphic esteorns it a matter for crill- clsm that ** Gall Hamllton fe alter Eaton sgaln.” Do you want hier to starvel—WasAinglon Foat. Robert Toombs has written advising Bavannah Clty to compromise hor debt. Who has heard since 1830 of Toowbs advising compromlse! ‘I'ho editors fu Cleorgla who attacked Mr. Btephens so vehomeatly will now find It difedlt to discover sny sign of oppusition inthe Elguid District, Benator Hill could not ocontrol the Con- gresslonal nomination In the Sevonth Georgls Dis trict, Col. Lester was nominated, and D, Feltoa will now run stump, Mr, Jolin BB, Gough has gone to Euarope, where he expecte to advocate the tomporance cause forabout two years. s frionds prescuted bim with » cane at s gathering in his bonur, It iy » matter of complaiut that Gor. Nicholls and other State oficers of Laulsianado not manifest & disposition to sid the Porter Sute Commt! n the scarch for old avres. The peophd of Loulslana waat to be let alone, 0, Columbia the Gom of the Qoean,” **Columbla.fiules the Wave," ¢*Hail Columbls,” eta., eto., multiplied sod smplified & thoussnd tlmes. Floass conelder us crazy onthe aubjecs without the necessary manifestations,—Rochesler Demacrat, James Gordon Bennett may think that, by traveling northwardly, striking a cold current sad following it up, he would reach the North Pole bat tho provalling opinion 1s that bo would **fetch up" avainet Charles Fraucis Adsins.—Uincianubh Enqulrer. ‘Thomas Nast takes a well earued rost for atripto Burops with his family, lieis now nd 1o the rolliug waves in the good ship Wisconsln probably juat as seasick as uls less famous cou- panlons who have never amused the public with funay plctures, = ‘Lhe translator of Auerbach's works fof pobiication In this conntry in a young Nebrassd gisl, about 2L years of sge,—a Miss Angs B. Ietsd, ~who, ln s¢dition to thes bors and Hoyuuiic atudles, spends eight hou day au departmest work as secrotary for Secretary Nchurs, Judge Hradley ‘Y. Johusou urgues, iu 82 elaborate paper in the American Law Kevies 10F July, that the States of the Unlon can be com* velled by judgment of the Nations] Supreme (oure supported by thy forcs of 12e Unlon, to pay thelf debte whon they baye practically repudiated bl