Chicago Daily Tribune Newspaper, August 8, 1878, Page 4

Te Tribuns, TERMS OF SUBSCRIPTION. TY MATL—IN ADY, Pally Edition. one yers s car, pormomt CR~POSTAGR PRETAID, Fear, per WEEKLY EDITION, POSTPAID. Give l'ost-Utlice address in full, focinding Btate and County, Remittances may be made eftber by draft, express, Fost-Ofice nnler, or In regiatered letter, st our risk. TERMS TO CITY SUBSCRIBRRS, drees THE THIBGXR COMPANT, Corner Madisan and Dearbotn-ste., Chicago, 11l Orders tor the deiivery of Tug Tninuxs at Evanston, Etslewoad, nnd fiyde Park eft In the counting-room will recelve prompt attention. ——— TRIBUNT. BRANCII OFFICES. TiR CHICAGO TRINGNE has established branch nfiices for the recelnt of sabecriptions and sdvertisements a8 follows: XLW YORK—Room 2 Tribune Buliding. F.T. Mo~ TabuRY, nager, PARIS, France—No, 16 tna de Ia Grange-Ratelere. . Mantrn Agent. LONDON, Eng.—American Exchange, 440 Btrand. HexRy F. GiLtio, Agent. SAN FRANCISCO, Cal.—Palace Tlorel. TAMUSEMENTS. Hooley's Theatre. Trndniph strest, between Clark sod LaSalle. Engagement of the Majeronts. **Jeslousy.” Tinverly’s Thentre. Tardorn street. curner of Monroe, the Colville Fully Compsny. FEagagnment of Babes In the Wood.” TIHURSDAY, AUGUST 8, 1874, Greenbneks at tho New York Stock Ex. change yesterday closed at 99}, . . The illimi{able possibilities of politics in Lonisiana have been exemplified in the re- markable career of Maj. E. A. Bunze, who, from being a dgy Iaborer in o brick-yard ten Years ago, in to-day the Democratio caudi- date for State 'Ireasurcr, and o nan of wenlth and strong influence in the party fu that State. ‘Tobacco and whisky are the only articles which the river sud rural {owus having Lusiness relations with New Orleans witl allow to pnis the quarantine. Iiather than bo deprived of these necossaries of lifo they Lrave the terrors of yellow-jack with a reck- lessuarn which shows how appetite will con. «quer fear whon it comos 40 a tussle botween rotgut and black-vomit. Ex-Gov, Canrextsn, of Iows, is in a fair way to enjoy the dstinction of being sent to Cougress by a majority. larger than that received by any other Ropublican Ropre- sentative in the Forty-sixth Cougress. Ile wnas yosterdasy nomiuated in tho Ninth Diy- trict, which two yenrs ago gave Mr. Otaven, the rotiring member, a majority of 9,000. It is expecied to incroaso it this year for Gov. CARPENTER. Crun Lax Py, the now Chivese Ministor to the Unitod Btates, and a personage higher iu rauk than sny over beforo accrodited as a- forcign rop. osentative by tha Celestial Em. pire, will resch Chicage this moruing, sc- companied by n suito of twenty-eight, en route to Washington to prosent his respecta 1o the President aud his credentials to the State Pepartment. Tho Embassy will make no stop in this cit; The Republicans of the Ninth Distiict of Tudinun yestorday met at Lafoyotte, and uominated ex-Minister Ontn for Congross, his solection being made unonimous after n spirited contest, during which twonty-six ballota'woro cast, A commendable willing- ness Lo sacrifice individual cxpectations in the Liopo of general success allowed the final choice to rest upon a atatosman of national fame, whose suporior qualifications as o champlon of Republicanism shounld con- tribute to a sweoping victory over the Demo- cratic and Fiat pigmics who may come out agninst Li ‘The Hon. Tuouas A. Borv yesterday re- ceived the compliment of a renomination on the first ballot by the Republican Congres- sional Convention of the Ninth Iilinois Dis- trict. The best of foeling and harmony was wauifested fu the Convention, and it is con- fidently predicted that Mr, Hoxp will be roturned to Congress by a majority greatly cxceeding that by which bo was elected two years ngo. Advicos from Frosport, whero tho Fifth District Republican Congressional Convention is to be hold to-day, foreshadow the certain dofeat of the Hon. 1. 0. Buacs- Anp's efforts to secure a renomination, The Congrossional compaigos in the vari- wus districts of Louisiana promise to develop u dvgreo of unusual interest. RaNDALL Gin- +0N, in the First District, will again have for Lis oppoucut the able politienl sconomist, Judgs Wineiam M. Bunwerr, who was beat~ en by nearly 3,000 votes in 1870, but whom the Republicans are confident of electing this ycar. The chivalrous Acmiey, in tho ‘Third, who was counted in by the yartisan wajority in the Forty-fifth House, will have an opportunity of testing his strength against Judge I'avron Dearrie, the Republican nominoe, with the prospects in favor of the latter, I'vo membens of the Returning Board of 1576, Mangox Wreees and Gon. ANpersow, are hooked ns the probable Republicau cun. didutes in tho Fourth and Bixth Distriots, tha former ogoingt Evay, whose majority two years ngo was 506, and the latter against Rtonenrsoy, who bad a wajority of sbout 4,000 in 1876 over Cuanres E. Nasi. Fifteen killed, thirty-thros bruised and maugled unto death, ond thirteen slightly woundud, 1is the wmournful record of a terriblo railway aceident - which ocourred just beforo dnybreak yesterdsy morning at Mivgo Junction, 0., on the Pan- Hupdls Railrond. A freight and a pas- senger train going fu opposite directions, tho latter at extra fast speed, crashed into cach other with awful force, producing o catustropho alnost & precwe parallel thot which occurred at Sag 2 L., on the Chicsgo & Alton Railroad & few years ago. 'The causu of the fearful butcliery was the same in buth cuacs—the stopplug of the freight ehgiucer's wutch 8 few minules before the collision oceurred, whereby he moved out Lis truin through the foggy dawn when he slould have given theroad snd waited for tho passcuger traiv. Nothing but a few hang- ingw will uver put a stop Lo the gross care- lessuces which invariably produces these sickening sccues of railway slaughter. ——— Thelciter of Dr. E. M. Hale, which we priut this mornivg, reltive to the probable effvets upon the water supply resulticg from the dischwge of water frawn the North ' Aclivercd, Sunday excepted, 23 cents per week, s delfvered. Sunday Included, 30 centa per week, Branch into the lake through the Fallerien nvenuo condnit, is a timely ngitation o snbject of. desp concern to the propia of Chicngo. 'The terrible consequences to bo approhended from the tainting of the water at the crib by n vast volnme of filthy liquid Pamped through the conduit into the lake may bo overestimatad by Dr. Harz, but, at all events, tho matter is one which shonld bo definitely and securcly settled upon heforo the dangerons experimont is put. in operntion. City-Engineer ‘Crzssrovar does not anticipate any trouble from this sonrce, and he ia an eminent anthority npon the question; but theories scemingly the most perfect are sometimes faully whon re- duced to practico, and it will bo well to in- stigato a carefol investigation before de. termining whether the pumping apparntus, which is 8o constructed as to work eithor way, shall drain the river into the lake or flush the river from the lake. TOM EWING TO THE FRORT. Tox Ewixo has got in ahead of Mr. Tnius- MAN fn the Ohio rnce for the Democratio nomination for President in 1880. Ho found his opportunity yosterday in bis renomina- tion for Congress in the new Tenth District, of which he was so confident that he pre- pared a spoech in advance thanking the Con- vention for ita ‘spontaneous aud unani. mous " action. We print the speech this morning ns a sample of what the ambitions Ohio Democrats think to be necossary to say to secure a Presidential nomination. If they ara right in their prognostications, we think Mr. Ewmio can safely connt upon the lead, for his competitors will scarcely be able to outrun him in duvotion to flat 1oney and its kindred Innacier. Mr. Ewmo evidently is uncertain whether he must look to the Na- tionals or the Democrata for his clevation lo the Presidency, and so hio prudently cajoles Loth parties; it is not necessary, he says, to organize n separate parly for flal money in Ohio and some other States where all the Domocrats believe in that doctrine, but he advisos and oncournges the Nationals in all those States whore the Dem- ocrats aro iutelligent and honest enough'to fuvor sound money. Perhaps the vaulting Tox thinks he can secure the Prosidential nomination from both Democrats aud Na- ttouals. T'he speech we print is, of course, mainly devoted to the currency, and is about equal- ly divided botwoen false promises and falso coneclusions. We cannot well examino all of tham withont being as digressiva and pro- lix as Mr. Ewixa himself.. o lays particular stress upon the pscertion that the practical money question s, *Who shall issue the paper money, and how shall its voluma be determined?” 1In the course of the speech he declares himself in favor of a constitu- tional regulation of n Government issue of paper currency which shall bo irredeomable and ganged nccording to population; but this statomoant is rather incidental and is not insisted upon, while ho digreases into the various pbases of the ourrency discus- sion, Ile domnnds, first, the ropeal of the Resnmption nct on the ground that it is the immediate ecause of tho general commercinl dopression, which he, as usual, oxaggorates into an appalling picturo of universal starvation, more horri~ ble than nny of the illustrations in the pict. are-papers of tho famine in Indin, Then the Resumption nct must be rotroactive in its character, becauso the geteral smash.up which propared the wny for a long era of deo- pression ocourred in 1873, while the Re- sumption act was not passed till 1875, and bad no influonco upop the country till two yoars after the panic, But Mr, Tou Ewing is ene of those political philosophers who do not pormit small matters like datos or facts to imterfero with his argument. 'This cir. cumstauce takes the danger out of Lis cliargo that Socrotary Surnmay intends to Loard groenbacks after redemption, in apite of the law forbidding their further retiroment, Relative to the practicnbility of resump- tion uuder the lnw, Mr. Ewina belicves that there will be an immediate rush for $340,. 000,000 of gold in exchange for greenbncks, 320,000,000 in exchange for National-Bank notes, and $2,000,000,000 in exchange for bank deposits,—making about $2,700,000,000 of gold necessary to the accomplishment of resumption. He knows thers is no such amount of gold in the land, aud therefore concludea that resumption is not possible. He does not pause to tell how nll the avail- oble funds in the country, consisting of greenbacks, National-Bank notes, certifioates of deposit, checks, drafts, and other monna of exchnuge, are to be immediately with. drawn from tho business of the country in order to look for conversion into gold, He doecs not think it worth while to explain why baukers, merchants, and othurs making remittauces will pro- fer to pay expross charges on gold aud silver both ways rather than trananct their business In currency nund oxchange of equal value with gold nnd silver, He ignores en. tirely the historio and uatural use of the metals in nll progressive commercial coun- triea as reserves, and seeks to deccive his publio by representing to them that resump- tion means that all business must thereaftor Lo trausacted in coin, when it merely means that all lawful and rocognized mediums of exchango will then be determined absolutely aud fizedly by coin valus. He knowingly misreprosents also the fnfluence which the new era in our foreign trade must exert upon the waintenance of specie payments. Ho says we pay an annual tribute to Europe of not Jess than $200,000,000 for interest, traveling, shipping, etc., and adds that this ‘“tribute far excoeds any balance of mer- chaudise trade which it {s possible for us to koop up.” Yot the statement of exports and jmports for the past fiscal year shows that .we oxported merchandise to the value of $237,834,007 more than we imparted, or a saving of §57,000,000 over the * tribute™ Mr. EwiNu uays we must pay to Europe. Ho ignores thu fact that, in addition to the coin” which Europe must send back at this rate, wa shall havo the accumulation of $80,000,- 000 to 100,000,000 a year from the Ameri. can mines. In ous word, he ignores all facta to make room for his mere assertions. Most of the statements Mr. Ewing makes about existing debts, taxation, etc., are the wost barefaced perversions we have seon, *Qur people are in debt at least $12,000,000,- 000,” ho soys, which is at the very least double the amount of the aggregates debt of the Geueral, State, and Municipal Govern. wenty, the corporations aud individusls, without any allowance for tho collaterals and the officts where debtors aro likewiss cred- itors. He sayw we arc taxed * uear §1,500,- 000,000 & year," while the fact is that Gov. ernwent, Htate, and local taxes, including the interest ou bouds, do not exceed $150,000,- 000, or less than one-thind of the amount as be states it. In regurd to contructiou, Le says in one placa that it bos amounted to $70,000,000 since the passuge of the Re- sumption act, aud in another place asserts that it will requiro a nevr issue of $130,000,+ 'HE CHsCAGO TRIBUNE: THURSDAY, AUGUST 8, 1878, 000 of greonbacka to restors the per eapita nt the date when the Resumption nct wae passed. 'Wo have recently gone over thin whole subject. A compilation from official nonpees ahows tho difference in the volnme of paper ourroncy in 1875 and 1878 to be ns follows . n 187 In 1878, Differenco .. The bulk of this contraction was in the withdrawal of National Rank circnlation, which was simply becanae the National Banka could not profitably lond the money they withidrow, Dut this does not reprosent the actnal relative condition of the curroncy at the two dates, according to its purchasing power. 'fho gold value of the pnper cnr- rency in elrcnlation in 1875 was™ $674,619,- 047, and that of the paper currency of 1878 684,405,601 ; but to the latter item must be ndded at lonst 350,000,000 of silver and $80,000,000 of gold, now in ciroulation and sorving as reserves, which were not in use at all in 1875, So we have the following ns the relative purchasing circuiation of the two dates: In 1878 (gold values) . 1n 1875 (gold values) Expansion.. ‘Wa have only mad purpose of exposing another misatatoment, and not because we sabscribe to Mr, Ewina's assnmptign that *‘ the volume of monoy de- terminea values,” which, staudiug alone, is an absurdity. Mr, Ewixo now says ho bolievea in the subatitution of greenbacks (which are logal. tender) for National-Bauk notes, but he did not dare to present a law to Congresa in that shape ; his bill for the substitution of ‘Trens- ury notes for the bank notes expressly pro- vided that the former should nof be legal- tender, but only redeemablo in legal-tender, asthe bank notes now are. He would now issus §130,000,000 of now greenbacks to compensate for tho falsely-alleged contrac. tion, and then £2320,000,000 of new green: bncks in place of Lank notos; thess new greenbacks, in addition to $316,000,000 now outatanding, would make n’little less than 3800,000,000 of kgal-tender notes, though the legal limit of the War lonn, as defined by the Bupremo Court, is just ono-Lalf that'sam, and the oxtra $400,000,000 would be unlawful and vold. Mr. Ewixa likowise contends for the nnrestricted remonetization of the silver dollar, but he fails to explain how this silver imsue, or the silver isane under the law as it now stands, will be of soy service to the country when the Government notcs are ab. solutely irrédeemable ; silver will not in that case circulate, as has boen abundantly dem- onstrated, and the silver product of the country, a8 woll as the gold product, will not serve as a steady incrense of the monoy- supply, as Mr. EwiNo maintains it will, Wo have not undertaken to exhnust Mr. Ewina's sccompiishments iff porversion of facts and mssaults on logic, but wo have pointed out onough errors to make tho whole argument ridiculous. Yet wo are willing to conoede that his speech i mado up of the staff likoly to please tho Hiat-Money Demo- crata and Notionals, and we hinvo not the slightest objection to any advantage he may gnin over Bex Bureen, DaN Voonnees, or “Brick” Poxenox in the struggle for the Presidential nominntion. from expenditures for wine-gnzzling and beerawilling fn oxcoss, Tho request the Committes has made from all classes of mnnufactnrors and bnsiness men for relativa statemonts of wages paid for labor, prices of columodities manufnc- tured and sold, percentaga of profit, and cost of living Dotween the yenrs 1860 and 1878, inciuding the intermedinto years, is one that shonld receivo a responso from all parta of tha conntry, Trustworthy informa. tion of this kind, if suficiontly compre- hensive, wonld farnish the datn for n bettor estimata of the renl condition of labor, and perhaps belter suggestions for its Improve- uent thau all the opiniona and theorios that eould be collected in a ybar's timo from peoplo who sct np as Inbor.reformers, $77. 010, A CHANCE TO MAKE MILLIONS, The New York Nation can never forgive the contempt with which ascertained facts have troated all its predictions concerning the consequences of remonetizing tho silver dollar. Tho * the inevitablo lawa of trade,” “the experionce of the world,” and the ** nnited wisdom of el inteligont financlers,” of which the dation mo familinrly talked last wintor, havo all.proved to have been mistaken, or they were sadly misrepresented by that paper. In the first place the remoune. tizing of the old dollar has not been followed by the wholesala exportation of gold, and the country has not Leen left with no other cur- rency than a silver coinnge more depreeiated than tho paper. The people of the West- orn Btates havo not availod thomselves of the opporiunity to procnre cheap dollars and forco them on their longsuffering and patiently-cnduring croditors. Nor hava the outraged snd indignant people of Earope sent home the United Btates bonds, that they might forever clear themseclves of any denling with the American nation of ropu- dintors. The only bonds sent home have boen .those sent after by the Sceretary of tho 'I'reasury for tho purpose of redemption in gold. Nor has the national credit so suf- ferad by making all public and privato dobts payable in silver that not another bond can be sold, and not another dollar can be loaned to the West, nor o dollar’s worth of goods sold on credit. The conipetition to purchase with gold the 4 per cent bonds, payable in silver, is without precedent in the history of sales of Government credit, and Eastern monoy soeking loans .at the Weat at com. paratively low rotes of intorest is far in ox- cess of tho domand, Never waa there such a stock of gold in the United States as that which hay acoumulated wince the pnssage of tho 8ilver Logal-Tender nct. The Nation aud the New York T'imes con- tinne to treat the silver dollar as a * frand.” Thoy speak of it as a dollar worth 88 cents, and refer toits non-clypulation ns an evi- denco that the people o not waut it and &re disgustod at tho swindle, ‘The utterances of thess papers suggest an opportunity for s vast and profitablo speculation. These silver dollars are worth out here in the Wept, and In most parts of the country, as much as the groenback, and tho groonback is worth 9} conts in gold. Now if the editor of the Na- tion or the editor of the T¥mes, or both, can mannge to bay up these B8-cent dollars as fast as they aro minted, aud bring thom out ‘Weat, thoy can dispose of thom for 90, U3, or U5 conts in gold,—and the profit on iwo of three millions per month will be enormons,—much groater thanthat of publishing newspapers. In fact, it is possi- ble thoy can sell the *“ dollar of the fathers " for 98qr 99 conts in gold, and a profit of 10 per cent on three millions of dollars per month would be a handsomo operation, Why do they not ongage in tho business? Laterally, “there’s millions in it.” As theso cditors seem to have a manopoly of tho in. formatlon that those dollars aro worth but 88 cents, and know, of course, whero the dallars can be got at that grice, their chance to make a sirike of mngnificont dimonsions is such ns does not ofton fall to tho lot of any man, $314, 405,001 i, 010, 14T 3 THE CONGRESSIONAL LABOR INVESTI- GATION. Mr. Hewrrr's Congrussional Committeo, ongaged in investigating' the condition of Inbor in this country and listeulng to the romedies suggested by tho leaders of the workingmen for the present depression, hns tnken a rest for a couple of weeks, We think the gentlemen composing the Com- mitteo are fully entitled to tho rospite. If thoy can digest in o fortnight of this hot weathor even a small proportion of the schemos that have been submitted to them a4 sovereign remedies for tho prosont troubles, thoy will earn the profonnd grati. tude of the conntry, A Now York ncws- paper which has followed the dally sessions of tho Committes recapitulatos the suggested remedies as follows : Abollah capitallsts, Abollah interest, Abolinh private ownership of land. ‘Abolial private proporty, ‘Abolieh the patent lawa, ‘Aboliah the customa duties, Abolisn atl Iawa for the collection of bills of lsh privato ownership of machinery, Abaolish the praciice of giving Uuvernment land to rullroads, 4 Prohibit employment of childron nnder 14, Prohibit the employment of suyvody but citl- zenw on public worka, Problbit the doine of (IEMIG work by contract, Frohibit Chioess Imuigration, Lay a graduated tax on incomen to prevent largo accumulations of pruporty. Furnish Government work for the unemployed. Open industrial schools at the vxpeunse of the Government. Raise the income of the Government by direct, tazation, ‘ Bulld 200 war-vessols. Put the soldiers at work on the prairice, Enact a universal Et¢nt-llour faw. ' Creuto a Bureau of Labor Statistics. Create a Department of industey, Make it illeual for women to work long hours. Lave all uachinery run on the co-operative prin. ciple for thy benetit of the peopre, Amend the Constitution for ‘the Leneft of the laboring men. Ewtablian Government ca-opurative sacietlos. Make the aduiinlstration of justice gratnitous. Give everybudy the right to vore—women in- cl uded, l.n|l tho General Government coutrol public vd- ucation, Estublish minority representation. Letthe Government tsetie unlimited greenbacks, li'nll Iuatl Government bunda and Natioysl-Bank naies, 2 1t the Governmont own and ruu all ratlrvads and tulegraph lines, Keep politiclans ont of oMce, Submlt #ll laws to the people for appraval or condemnation, ‘I'o these must bo added a few suggestions that Lave been wade sinco the sbove com. pilation was printed. Among them wny the loaning by the Goverdment of sevoral hun- dreds of millions of dollars to the working- men froe of fulorest; Government advance of $5,000 to evary man who would agree to bwld o houso tif:fewith; the issuo of §ss per capita of new currency; a reduction of work to six hours a day; workmen to be sm- ployed exclusively by a labor-bureau; build- ing homes in the West for the unomployed; demonotizing gold and silver altegother, Whether the Committee, during its rocess, shall nodertake to consider theib sovereign remedles singly or in a lump; whether each wau shall wrestle with all of them for him. self, or they shall be divided up socording to relative physical and ‘mental endurunce; whethor their proposed application shall be allotted to different sectious of the country in fair proportion, or tricdone after another, whatever disposition musy bu made of them, the men who have them 1 Liaud ure desery. iug of sympathy, The very fact that thore. sponsibility for a proper cousideration of every ono of thess suggestions iy imponding over the head of each wewmber of the Com. mittes ought to atone for all tho Congres- uional sins each one inay have cowmmitted. We should not be much surprised, Lowever, iu caso tho Comumittee be governed by cow. moun sense, if the bulk of the remedies be set sside till two of the suggestions mude on the last day can receive afair trial, One was that the evils of a protoective tarif and an irredeemable currency be rooted out, and the other that the wen of swall weuns pbutain AUSTRIA AND BOSNIA, The first atteapt to carry out the pro- visions of the’ treaty of Berlin doos uot work smoothly. Art. XXIIL of the trenty sayd ; * The Provinces of Bosnin and Horze- govina shall be occupled aud administered by Austria-Huogary. . . . In order to insure maintonance of tha now political con- dition as woll as frecdom and seourity of commuuication, Austria-flungary reserves to herself the right to establish garrisons and maintain military gud commercial routes over tho whole extont of that part of the an. cient Vilayet of Boania." Austrin has com~ menced the work of ovcnpation, and ‘imme. diately upon entoring Horzegovina finds the provinoe in insurrection, local authorities in favor of the Austrians assassinated by the ndiguant populace, and the inonotain roads thickly planted with ambuscades that prove fatal to hor troops, It in evident ot tho outset that sho will weet with stubborn resistance, since Christiaus as woll as Mahometans' ure in arme. Of the ability of Austria to eventunlly crush the in. surrection, if loft alopne to deal with it and not embarrassed ‘by ocomplications growing out of it, there is no doubt, but the task may be a diffioult one noue the less, The Herzegoviniaus, like the Montenogrins, ars desperate men In guerrilla warfare, Like the latter, thoy are mountainesrs accustomed to war, and, like 3ontenogro, their country is peculiurly adapted to long and desultory fighting, ‘T'hey were in Insurrection against the Turka for yoars, and it was the inability of the ‘L'urks to put them down in 1875 that was the primary cause of the Turke-Russian war, They have the sawme Inherent love of freedom, however crude their ideas of it may be, that chameclerizes sll dwollers in mountaluous regions. In 1875 they fought against Turkish tyranny, which held thom in o condition bordering on the most abject sorvitude, aud despoiled thew in the name of tazation of their crops, stock, and household property, In 1878 they are opposing the right of slien Powers to convey aud recon. vey them liko cattle, evidently belioving that they ought to have sowe voice in the trang. fer. ) Thd maguitude of Austria's task becomos still more apparent when it is cousidered that there are outuide influences, both subtle and powerful, st work urging on theso Belaves to resist the consummation of the treaty, %0 far s it affocts them, 'The laud-owuers of Bosna, made up of rencgede Ohristians who turned Mubowetans to save their prop- orty, aro fearful they msy lose their lauds ly urging on the peasants and wmountaineers, theoir tenantry, to resist. Turkey herwelf cannot bo expacted to look on patiently at the lows of an ares of 80,000 square miles aad a nillion of people. The dissensions in Lor Cabiuet, ber recont appeal to England not to allow the Austriaus to go beyond a curtaiu limit, and Ler persistout procrastina. tion in signing the sgreemont with Austria, indicate that she is secretly at work stirring up strifo. There is nota Power on the Dauubo that will look with faver upon this, undor the Austrian regimne, and are constant- |- oceupntfon, Borvin hna alrandy protested that the torritory which sho onco hold onght to go to her. Italin Imdentn has alroady carried her demonstra- tions toa point that provoked an official vr&mlng from Austria, and Italian sgents in Herzegovina have recontly been complained of for urging the peaplo to reaistance, Ex- posed to forces witliont that will constantly hamper hor:progress, thero Is a foren within that may prove even mora formidable and dangerous to tho integrity of Anstrin: than all other canses combined. The ocen- pation of Bosnin was dncided upon against tho wishes of the IHungarian half of the Ein- pire, which always has feared a Belavie pra- ponderance in the Government, and the re- sult han Dboon that in the recent elections tho Herzegovinians have increased their ropresentation. It may jet bo n necesity for Auntrin to subjugato and annex tao Bouthern Sclaves before sho can have order in Bosnin. I snch shonld be the cnse, the nationalities of Austria, which now hang togethor very loosely, may ho divided, and the conglomerate and heterogeneous Empiro split into its original fragments. Thero may Lo more truth than poetry in the eapital burleqne from the London Jfornet, which we print -olrewhere, entitled * The Farce of Diplomacey,” in which Brswancg, after Ax- DRASSY'S exit, soliloquizes, ‘¢ Those two prov- inces will prove the wedgo that will once ngain split Austria into fragments, and so onlarge my splendid handiwark, the German Empire.” The treaty of Berlin may yot mnke Germany, who scems to have taken nothing, and Rusain, who seems to have con- ceded go much, the dominant powers of Europe, England to the contrary notwith- standing. Brzaconsrienp's trinmph mny yet bo obsourod by GrapsToNE's prophecy, eo—————— THE BILVER COMMISSION. ‘The nnnouncement hns been made by cablo that the British Govornment bas appointed n Commissionerto attend the Silver Conforonce nt Parie. The London Zimes of July 2|, discussing tho matter, strougly nrged tho appointntont of a British agout, thongh the T'imes did not think the British Government would be bound by nuy action that might toke plnce lovking to a gencral adoption of the bimetallic standard. It does not think it possible or advisable for England to ro- storo ¥ilver ns a standard ; -it considors that, so far as Buglaud is concerned, that qnestion bas been Gnally determined. ‘Che Z'imes haa this to say : 1s Englund to stand aloof from such an assembly of the nationa? It is truc thot we do not wanta ailver standard; wo may go further, and say that wo certaily shall not adopt a ellver standard, ivhatever the rest of the world mny do; but there ata reanons why wo mny ace [t adoption by othors withont diasatisfaction, and- it would certainly bo a pleasunt oxcarsion for aomebody 10-run over to Paris to yo throngh the form of deliberating on & quedtion about which we have made nup our minds befarehand. Wiy ahontd not people meet ther to talk of the advantages or disadvanta using both gold ond stlver as standarde of valae? Many nationa uso gold, dota fow iap allver. and some nso bath. ard throngh Franca hae malntained a donbie st many vicissitudes of fortnne. The United Blates formerly had a doable standard, and s faw years since discarded sllver, 80 a4 Lo léave gold alone s tha legal means of lighidating cobtas but the pr cnt Congross has chosen to revert to the old pras 1t may not have been altoguihier an accl- dental connection with this resolatlon of the American Legintalure that tho aflver mincs of Ne- ¥ada have proved o be exceptionally rich; but rhere is the Parliament that passes laws on ab- wmiract nrinciples? 1f It werc 8 porfectly open quention whether both silver and gold sbonid be en- pluyed ae standarde of value, much might be said n favor of both. = A man burrows a certain snin— let us say £1,000—of bis neigbbor; aud tho bar. {ain botueen theen Ta that the dobt may bo pald ot ¥ the re-dellvary of 200 ounces i gold or of 4,500 wuncen tn ailver, 2t the option of the borrower. s thero anything 8o bad in the bargain that it cannot bo enforced, I necessary, by the Inw courts of the community? When the quostion in thus pat nakedly befors us, we sce thol we may arguo ngainst the expodlency of the uption, but we can- not donounce ita tmmorality, "It wo allow frae- dom of cuntract at all, wo can scarcoly rofrain froin concealng it In thin Instance, Tho borrower will, of course, chooss tha cheapor matlium of ro- vayment when ropsyment s mnde; but It does not Tofluw taat ha will be paying ol leas than ho bor- rowed. 1t further discussos the subject, reaching tho conclusion that o single standard is the better, and the only one in aocordance with English policy. The Zimes rcfers to the fact that the President and Bocrotary of the Tréasury wera opposod to silver romonetization, but submitted to the demand of Congress in inviting other natlons to joiu in the confer- ence, nnd in selecting the American Commis- sionors appolnted two out of tha threo ‘who wero opposed to the double standard, ‘This, which if true might be called in this country * sharp practice,” the Zimes: pro. nounces ‘‘ adiirably ingenious.” The story is not, however, truo as stated. 'Ihe Com. mission will go out instructed to promote the national polioy ns indicated by the action of Congress, and, whatever be the final re. sult of the Commission, there'will bo no committal—indeed there caunot be—of the United Statos to the adoption of the ox- clusive gold standard, A BPECIMEN AGITATOR FOR COHEAP MONEY, What Tox EwiNo and Bam OCanr aro to Obllo and ButLres 18 to Massachusotts, Moses ‘W. Fixep is to Michigau in the way of an ovangelist presching the Gospel of Fiat Money, Fieep is the Michigan lender of all the workingmen's organizations and green. back and fiat money advocates. One of the favorite mousures advocated by him le the cheapening of mouney by the cheapening of the iutercst on money. As presiaing officer at the recont Labor-Groenback Btats Con. vention, held at Grand Haven, ho thua laid down the determiuation to deal with the men who demanded high rates of interest. Horoe is what lo said : ‘The work |s golng right along until the men who do all the work can earn & respuctadly Hving as the rewards of their tuil. Our party Is organized o stimnlate lavor. Dy “looking around aunual increass of the weulth of thy cuuntry over the cost of production to be only 245 porcept. ‘There 1aatimilod class. however, W claimed the privilege of so mauipulating leglisla- tion s to command more than 10 per cant un money. We have made up our ininds to make the rate of intorest no higlier thau labor can caro by bard “toil. [Applauss.| Wo have wmadu up our minds that 8 moneyed oligarchy shall uut ruly this country. [Applause. ] " ‘I'his was ou June 5, 1878, and on May 42, just two weeks previous, Mr. Moses W. FreLn placed ou record in Wayno County (Detroit), Michigan, a 1wortgage, executed by Faep. zaicx H, Houuys und Lxau 1. Horues, his wife, on certain real estale, to secure ihe swn of one hundred dollars, payabla in one year, and bearing iuterest at the rate of 10 per ctut per aunum,” payshle half. yearly, ‘Che deed recites that **This mort- guue is given to secure a part.of the purchase money for said premises™ morigaged. The wortgage has several striking peculiaritios : . L Thedsbt, beiug for a small portion of the purchase wonoy, bears 10 per cent juterest, payuble half-yearly, equal to 104 per ceut. 4, The instrument gives no grace, on pay- ment of interest or principal. Ordinarily it is stipulated that if the interest or prin. cipal be not paid within ton or thirly days ‘aftor dus, then procecdings might be taken; but this mortgage gives Fixrp the right, if tho paywent be not made upon the date named, to tuke possession aud sell tho prop- erty. 'l'uls, ways o Michigan paper, is & 4 brass-bound, double-rivated morigage.” 8. The martgage provides that in case of foreclosure & counsel fes of $100 shall bo included in the costa _ The ortgege is for #100. If nat paid on the day it falls dno, foreclosnre proceadings are Institnted, and to redeem tho property 'the unforlunate workiugrann deblor wonld have to pay Ar. Frenp: 3 Amonnt of debl... .. Intervst one Connsel fec. Total.. This will be at the rate of 110 por cont per annnm, to be paid outof **tho rowards of toll” There is nothing in this dooument hinting nt 2} per cont interest as equal to the annual inereass of woalth and the proper limit for intorost. The Detroit Post and T'ribune furnishes n list of other morigages placed on record in that county by Mr, Frewpg theso foot up £35,000, tho interest raugiug from 7 to 10 por cent, . They are, we suppose, of tho samo stringent obaracter, as the one we have quotod from was on a printed sheot contain. ing a form of mortgagoe which perbaps Mr, Frreo has adopted in his businese. Now, here Is n clear case. This man Ficup is o wenlthy man,—so wealthy that he can afford to lonn Lis money st intereat, It is possible he lives on kis rents and othor in- comos,' and devotes hia abilities and his time {o pleading tho cause of the sons of toil, de- nouncing the money-lenders who exnct more than 2§ por cent por annum in the way of interest and who doviso cut-throat mort- goges of the kind wo liave mentioned. Previous good character docs not seem to hetp @ fellow much after he has made up his mind to become a bad man, Thus, the last fn- stance of the kina fs Sr. CoNANT, the delin- auent Cashier of the Eliot Bank in Boston, who was u person of exemplary life, so far ns the worll could see, modest in his expenses, quict In hie lablts, greatly esteemed by all his ac- qualntances, Like ntinerous uther gentlemen who have gone before him, If the newspaper accounts ara correct, e was a modet officer and citizen. Everytody liked him, and he lived ceonomically, discreetly, quictly,—minding nis own business, and doinsg his duty in all respects to the bank, lis family, and to his fellow-citl- zens. It s cusy to belleve that the bank- oflicers were thunderstruck whon they found thisexemplary CoNART short about 870,000 iu his accounts, low did itallhappen! Inspocutations that dldu’t pan out ge he expected. The dis- patch anys that it came to pass In this way: ‘The culprit {s fnvolved In difficultics; ke bor- rows a little of the bauk's money, expecting to reploce ft fn few days; he borrowed a llttle _taora to cover up the first. abatraction; every- thing goce wroug; nt every effort to get out of the mire he plunges i deeper; &0 he Is ruined,, fortune, character, conscience, nll gone before ho suspests it. The story 13 us old as sin Itsclf, and it Is the tirst stop that causes all the subse- quent trouble. Pora hit It cxactly when ke wrots: Oh, what a tanglca web wa weavo When first wo practice to decetve, e e—— There Is a wido differonco of opinion between the busement and attic of the Chleagu Limer upon matters of public interest. In yesterday's 1ssuo the basement declared that, * while many companles huve fatled to make good thele ob- ligations, tho Globe Mutual Lifo posses trl- umphantly through the most searching tost 5 that the Company is possessed of a substantial net aurplus over all its Habilities, fncluding an ample reserve for future policy clalms; that Mr PriNy FrREBMAN hus been re-clected Presi- dent: nname, among othiers, that represents Integrity and strength to o rohiarkable de- gree.” Per contra, the uttle says that Puiny Fuzeyay applicd $100,000 of the policy-bold- cra’ inuney to the vonstraction of a rallrvad for tho beueflt of his private vroperty; and that “the Insurance Department of Tilinols has prohibited the Globe from dolug new business fn this Stato becansc of the de- pleted state of fts nssets,” Of courae the gen- cral public can pay ita moncy and take its cholee, but a great moral question Is lnvolved, namely, whethor the counting-rovm 18 lylng for a dellar a line or the editurlal-room Is Iying for nuthing, Evideutly it Is time for the ofd man to return. When hois ot home, one part of the hullding never catches the other inulle. Tho lylugils conslstent, intelligent, and unantmous all over the institutlon. It is not then soinuchofn question who has )led as who hasn’t that In- volves discharge at the end of the week, e e A former peach-dealer In this clty has ealled upon us with reference to the Ficud in the Peach-Basket, and, while ho mukes a cheerful admission as to the amouut of total depravity to tue basket or box, avers that the blamo docs .uot rest wholly with the peach-zrowers or with commlssion wmen, but with Soutnh Water strect scalpers, who buy peaches and repack them, maklug up each puckege in the proportion of sbout one-third sound to two-tbirds green or rotten; that on Saturday, the day before tho Holy Day of rest and worship, this iniquity is most frequently practiced; aud that the prace tico has bocome so profitable and common that an honest dealer in peactes can no longer make a living. We are willing to this cxtont to exonvrate the peach-growers, and sugpest a8 a compromise that the camp-mest- Iugs shail bo beld in the peach districts, and the howe misstonarles shall labor with South Water streot scalpers fu thelr back rooms on Batur- days. Tho job might bo a hopeless one, but it would test the talent of the missionary, If u buok-agzent will labor with a mun for weoks i o face of shotguns, spring traps, amd infernal machines set for him, certainiy & missionary miht stick to o sealper the same length of tine. There would be wore Juy in leaven, not to mentlun Cnlcago, over one convertod rotten- peach monger than ower the death of all the beuk-agents Ju the country. — a— Voting the freedom of the city In England (s regarded us one of the most sigual of honors, snd it formed one of the most fportant juvl- dents Ia the grand municipal reception recently giveu to Lords BmacoNsrize aud SALISBUKY. Itislooked upon as the highest compliment that the Clty of London can beatow upon any one. 1t ls conferred by that part of the British metropolis called ¥ The City,” which has its own Municipal Government and {8 uuder the jurisidic- tion of the Lord Mayor. The ceremony Is le pressive, and In accord with anclent ussge. In the first placo the corporation tenders the privi- lege, and Invites the person on swhom It is to bu conferred to appear bolore the City Chamber- Jain wud receive his forwal perinission, The future freeman’s namo, snd tuose of clvic offi- clals who vouch for his worthiness, are next re- corded fu o buok reserved for the purpose. ‘The Chamberlain theil adminlsters an oath of tidelity, and gives the freeman a gold box con. tainiug & parchinent document vouching for his cittzenship. Amoug the distinguished persous who haye been invested with civle frecdum were Gen. Buucuzs, NavorzoN IIL, and the late Bultan AupuL Az1z. Last year the honor was e ——— Mr. MoxToOMERT BLAIN has stood it just s long as by could without pusbiog his big nose futo publicity, und tuat Monduy he suececded fu getting himse)f Intorviewed at Cape May. Being tho putative father of thu Potrex luvestigation, he paturally feels some sollgituds over the out- come uf that dasco, and, of course, ho talked ol little clse. Ho sald the Potren fuvestigation had given the Democrats an fssus upon which tho porty bas becoio uoited. Thero was, bo- fure, & tendency to split up un tho moncy ques- tiou and other subjects. Besides, it had forved the Kepublicans to stsud by their own side, be- cause, * though tho Presivent snubs the leaders of Lis party, they cannot afford to desert him In this Elcctoral busioess; they were ull lnvolved in the Louisiana rasvality togetber Mr, Brass said that bo expected the Democrats to win fu the fall electivns, Publle* oninton secued to bl to bu as wuch against the Re- publicans now us it was fu 1874 Hesawuo chauace for the Radicals, as he culled them, to wake a0y galus, sud they were sure to losc in svie parts of the gountry. * They lauglcd at =S me,” aald Mr. Bramn, “for wrzing this matter roatronzly, but 1 had had ton nmch experianoy to pay attentlon either to thelr attacks e thicip rillcute, The more they had to v, the inorg L knew that tho inquiry was likely to (IR Concetning the Natfonal party and its Influcneg upon national politles, Mr. Br.amn sald: hooe to see it {ncreuse in nombers, [t effect npon our party, and tends to bri Aok to ileat princinles. The Deny 1cestic party, 1y py. know, haa at timee arifted away from Itanid wjor s There nte many Democrats, some of then | rentatives. in Unngress, who have come in Democratic rankes wince the War, and do ot are 1ha doctrines Abant which there wam formorly fertion. They were onc Wik o Repuiiig, For instance, many Demoeratic meinbers of (. szreas are pecanlarily interested i banka and one ‘corparatione, and you cannot_expect nich men o5 thoso ta atrike out fram the shonider azafne o nopolies. The growtn of the National nng will canse our party to by niore careful in regars by the kind of men it nominato e —— Tho other day, tn Clnclnnatl, a reporter cauaty ex-Unv, Wasninury, of Wisconsin, on the 3 and made him sny that the Natlonal party (s op 1ittln or no account In hia State, He eaya thy Repubiicans exocct to elect six out of the elgh Congressmen thia fall, and carry tha State with. out difleulty, The Nntionals have swallywey the Damocratle party so completely thal thery arc really only two parties ‘In the flell, ang ol these the Republican 14 elearly much the strung. er. 'The tircenbackers, ns they were thon ealled, polled 26,000 votes in \Wieconsin at the last plye. tlon, and that, too, In the faco of the strang hyy which tho Democracy put n by mnkiny thy softest kind of a soft-monoy olatform, ang nominating an out-and-out tullationist as tyeyy candidate for Governor, Gov, \WAsSHBURY nigy be right In his eatimate of the weakuess of thg Nattonal party in bis State; but our ndvice ty tho Republicans 1s, to look closely nfter the Sccond Congressional District, now repre<cntet by the Homn. L. B. Caswert, and also after Glov, vounn's, the Eighth Disttict. Thero g not margin enough in those districts to fugl with. ———— ‘The Cour'er~Journal closes ita sericr of May. TON MARBLE'S lettera with this retrospestion; In sober truth, however, thore was calpeit, Men did A they could. notas the, M. Ty disaster was great afd the disapaointment hiter, All thint wo contend tor 18, that Mr. Fitoks siaf) not ve sacnificed for whortcuminin of_wnich ke 14 absolutely and positively innocent, This questioy rivcs ntove Presidential hopes nnd schemes, 1t Wwo are to quarrol anionzst ouraclves as to gl e ceanlon, wo shall nover succeed, ‘The road nofors na will bo rough onowgh, Gon knows, withont piling 1t with Domacratic viotinis, We dont’t pretena to kuow much concerning the quarrels In the Democratie. party, but Mr, WarrrnsoN is no doult spenking by the canf when he talksabout that ** rourh rond ** which his party has betorp it in the next Prestdential clection, —————— A correspondent writes: “It Is strange the horso-raflrond combanlea. persist in allowing newsboys to jump on and off tho cara. They are n nulrance ond annoyance to passeners, conductors, and drivers. They ara a pest worse than losquitoes. A passenger cgn neither ot om nor off without tripping over“onu of them and zetting hurt or his clothes dunerzad. They will kill one of them some of theso davs, awl theu thers will be a howl, lawsuit, and dam. ages." This -correspondent probably reflects the sentiments of the whole community, which would glndly aporove an order keeplng them ol the curs whila in motfon. They L buard all the cars before atarting, and this, with thelr sidewalk industry, woulil supply all the wants of customers aud do nway with o nutsance. Our New York namesake has heard what Birs BrrINGEt says concerning the evidenca elicited by the Porroi Connmlttee, and remarks that Gen. Burrenr was lately suspected of try- ing to get ** evidencs ™ on which the President might be impeached, Mr. Bruixeen, belwe a losa cautious person, now lets his jaw fiy and savs the Presldent must bo ,Impoiched. The misslon of the Porrer Committeo bLeing o consolidato the Republican party, this notion is strictly {n ordor and attogether timely. — —— It Is only a few daya mow wien Senator Tuunstas will open the Olfo campalgn with hs Interoretation of the *Oblo Idee.” ‘The coun try is nt rest concerning the Scenator's nndling of the rag-baby, and has contldence 1 him.on that score; but what the people everywhere are solicitous about is, whether Mr, THURSAN has vroperly loaded up his Senatorfal gun on the great question of * fraud.” The American peoe pleare pining to hear something detinite tn re- gard to “the consummate swindle," s i ‘The New York Zleruld publishes a sworn statement of its circulatio, showing a aatly averago for the past three months of 105,64 coples. Notwithstanding this immense clreula. tlon, Tue Ciieaao Tinune continues to be o betier newspaper than the Hera'd in ad) respects, unless s to quantity of forelin correapondence, and that now in the Jera/d chicfly conslsts of third-terin specultations. e et —ie Speaking of thoe Scnatorlal contest in this 8tate, a special telegrun from Bpringtleld to the {ndianavolls Jouraa’, dated r'ucaduy, suys: **It must be admitted that, within the Jast few weeks, WasnnunN's name hias bad an eloctric effect upon the political wire-pullers in difer- ent parts of the State, and it 18 almost eafe to presumne that his chances for the Beuate are ex- tremely flattering. = Y The yellow-fever has got to bo a serlous scourge fn New Urleans, and the hot weather mukes us commisorate thy miserable slunces of 8t. Louis; but our tenderest sympathles go out tawards the poor people of dndians, who in the nidst of the lutensy heat and the harvest nust turn uut to listen to Vounuess, leNpricks, Witniass, McDoxALy, [t 1s-the last feather that breuks o Hoosler's buck, Siaig il oo R Itlssald at the Treasury Department that Beerotary BusrMAN witl probubly remaln away Irom Wasbingtun during the grester portion of thls month, aud that ho will muke oceasfounal visits to New Yurk meanwhile, Lo glve attention to the public busiucss. v ————— MaxTON Maunre’s lotter vindicating TiLpEx is just nuts for WATTELRSON, Who seizes upon it as additions] evldence that ho was right and Hawirr wrong in thelr redent dispute. Wat- TERSON dunces around HEwire like n couper round & new barrel, o S HExDRICKS scemed to couslder {t hia duty to delioe Voounzwy' poeltion on the tinancial question. Iu bis anxicty to set Dax right, he pretty anuch forgets to gnoke his uwo vicws clear, But then, as* Touls says, **It's of no consequence. ‘Yhat s rignt, WaTTaERsON; stick to your pen. and let somo other fellow, who 13 fit for nothitg clse, take the Clerkship of the Bengje. It 1% not worth whily to spoll & first-class oditor for the sako of imuking an indifferent Clerk, - The State of Missourl will probably loss $250,000 through her Democratic Btato Treas- urer; and yei tne Democratic party all ever tho country lshowling * Reforin—reform—reform ! i Ex-Congressman CLARKS, of Ruochester, says that thers nover will be peace on board tho Ra- publican ship fa New York as lopg as Cosk- LING is & roputed Captalu, e —— 1t would bo fuuny il, {u the Scuatorial race in Iudiany, old Blus-Jeuns WisLians should draw the pole uueinst Vounrusss, Aud you struvser things bave happencd. ————— Ex-Gov. Wasusupy, of Wiscousin, In a recent Interviow, admitted thas the third-terws move- meut was 8 very strong one. THE INDIANS. Baw Francisco, Cal., Aug. 7.—There is con- sideruble excitewent st Yuma, A, T., over & tureatened rald by the Inaluus, who have re- vently guthicred In sowe vuuibers 1o tise vicluity of tho tuwu, cucoursged by the abseoco of troups, which Lave been sent to Idabu. The Indiuns arv inflamed with whisky surreptitious!v furuishied thew. The citizens arg guardlvg tha ; approaches to tho towa. -