Chicago Daily Tribune Newspaper, August 14, 1878, Page 4

L : ; THE CHICAGO TRIBUNL: WEDNESDAY. AUGUST 14, 1878 Dlye Trilwwe, TERMS OF SUBSCRIPTION. B PREPAID. . BY MAIL—IN ADVANCE—POS *Datty Editton, one year, by it L tterary wnd iteiigions Donhie Satariay K 3 Jri.Feckiy, one year Parts of & year, pes month. T EDIT One copy, ver 1t Cind of fdor. . £pecimen coples sent {ree. Ulve Post-Oftice address in foll, facluding State and Connty. N Remittances may be made efther by draft, expres, Post-Office order, or n registered letter, st our risk. TEAMS TO CITY SUDSCRIDRRS, Daily, dellvered, Sunday excepted, 23 cents per week. Dafly, delisered, Sunday included, 30cents per week. Addren THE THIBUNR COMPANY, Corner Madison and Dearborn-sts., Chicago. 1 Orders for the delivery of Tik TRIRUAE st Evanston, Boglewood, and Hyde Parx teft In the countlng-room will receive prompt astention. TRIBDUNE BRANCH OFFICES. Tnx Cica0o TRIRUNE baa establlsned branch ofiges {or the recelpt of subscriptions and adrertirements o follows: NEW TORK~Room 29 Tridune Boildiog. F.T. Mo Faopxv, sansger, PARIS, Frauce—No. 16 Ttue de la Graoge-Dateliera, H. Mamixe, Agent. LONDON, Eng.—American Exchionge, 440 Strand, Bxxey F. QILL1G, Ageat, C BAN FRAKCI alace Hotel. 7&1\IUSEMENT5. flaoley’s Thentre. Randolph strect, between Clark and LaSalle, Kogagement of the Majersols, “‘Camille,” Afters 8000 and evening. Haverly’s Thentre, Dearborn street, comer of Monroe, Engagement of he Colville Folly Compaoy. *‘Robluson Crusoe.’ Alternoon snd evening. ‘WEDNESDAY, AUGUST 14, 1878. — e —_————————— Greenbacks at the New York Stock Er. chango yesterday closed at 993 iu gold and pilver coin, Supt. Szaver constrnes Judge McAwtis, TeR's rocent decision to meau that concerts shall only be allowed in respectable saloons, nod will refuse to nllow mmusic in sny timt are not rospectable. 'The rule is a good ono it thoroughly and impartially enforcod. ] In an official proclamation just issned by the Commissloner of Agiiculture the an- nouncement is made that tho President will attend the Minnesota Stato Fair, and that 1ho perrons of distinction invited to attend will get thoir railway-transportation free, bnt will have to pay 75 conts each for their 1moals, The Republicans of the Firat Congres- sional District of Wisconsin yesterday re- nominnted Gon. Onanves G. WLtaams, their presentablo and eficiont Represontative. Tho district is made up of such sterling Ropublic- an Counties as Kenoshs, Racine, Rock, Wal. worth, and Waukeshs, whioch in 1876 gave Gep. WiLLayus a majority of nearly 6,000, and which can be counted upon with cer- tainty to ropeat the compliment this fall. The Cook County Greenbackers yesterday beld a Convention and nominated o full ticket of the county officers to be voted for this fall. None of the nominecs are sufi- ciently known {o fame to command a very enthusiastio support at the polls, but they are perhaps the best that could be had out of the limited assortment to pick from, and will do well enough a8 the material for some gort of & trade with the Democrats—pro- vided the latter, 'in the face of their dis. astrons experience last yenr, cau be per- wuaded into s dicker. There is no truth in the rumor that Secre- tary Tuooseson intends to relinquish the Becretaryahip of tha Navy, to be succeeded by Gov. Rior, of DMnssachusotts. The Becretary has no intention of resiguing provided his health will permit him to dis- charge the duties of the office, Thore np pears, however, to ba soma likelikood that Attorney-General DeviNs may rotire from the Oabinet {o take the poaition of Chief- + Justice of the Bupreme Court of Massa- chusetts made vacant by the death of Judge Barruxy, " Gen, BuEeMan's proposed trip to New Moxico has been made the basis for numer- ous sensational roports regarding the im- minent probability of a crisiv In tho relatiors of tha United States toward Mesico, the theory being that Gon. Bmeasman was to proceed to the Rio Grando and in person di- rect offensivo operations on n Jarge ecale about to be begun. Thofactis that Gon, Buen- MaN has no suchk errand on haud, and will uot go anywhere near the hogdquarters of Col. Macxenzitk on the north bavk ot the Rtio Grande. Anauthoritativa denial is given in our dispatches this morning that thers has been avy recent chauge in the aspoct of the Mexican question, or that there is suy prob- ability of fresh The visit to Columbas of Me, Wr.Ltax H. Roseats, editor of the New Orleans Témes, tar the purpose of sounding the President. elect concerping hia intentions regarding the Louisiana imbroglio, was yesterday nar. rated by Mr. Ropents beforo. the Porrem Committee at Now York. Buriea anticl- pated an opportunity to prove by this wil uess something which could be tortared inlo the semblance of s bargsin by Gov, Hares for tho support of Bonthern Democrats. o this end tho most ingenious forms of i{nter. rogation were resorted to by Mr Bor. ven, in the hopé of eccuring an ud- wiselon of the sort Le was fshing for. All he got was the wcknowledgment that Mr. RouenTa inferred from Gov, Haves' romarks that the troops would be withdrawn from New Orleana aud the Nicnovrs Gov. erument ' given a chance to establish its volidity, these iufereuces Leing based upon the letter of uccoptance aud Gov, Hayes' declared couvictions on the subject of lacal self-govornment in the Bouthern Ktates, * This was not what Burren wanted, but be was obliged to content himself with it, The testing of o carload of apirity at Ouwahs fu transit to Oalifornla by a Hpeciai Rovenue Agont has suggestod an explanation of the fact that the distillers at Peoria and. Uincinnati are able to undersell Ohicogo dis. Wllers. Tho spirits in qusstion were vl Puo- ris wanufacture, sud the certainty that the systemof *‘liberal gauging® Lad been ap- plied wos demoustrated by the test. The barrels had been filled to their utmost ca- pacity, no ** wantage * being allowed, whereby Irom two quarts to & gallon more of spirits were put in them than indicated by thegauge. As a comsequence the Governmont is by yust 0 wuch chuated out of the revenus tox, sod the distiller can ufford to sell the spirits st & rato below thu cost of producing with an bonest geuge and the tax fully paid. Com. pared with the wagoificent ecale of operas tions carvicd on by the whisky-thieves of 1873, the Pooria and Ciucinoati stesd looks insignificant, but when extended throngh s year's bnsiness it amonnts to a handsome profit for tha distiller and a heavy aggregate losg to the revenue, Commissioner Raum hns decided to try tho virtwe of a double force of Gangers, the extramen to be em- ployed in regauging spirits after they have been convoyed to bonded worehonses. In this way it is expected that tho liberal gangs system can be eircnmvyented, P ] The Austrians thus far in their ocenpa- ton of Mosnin have themselves bsen very busily oceupied in fighting numerous and desparate bands of insurgents who have contested cvery inch of torritory as the logions of ¥Francis Josken have advancod. Viennn dispatches nunounce that severnl pitched battles have been fought, and in consequenco the movements of the invad. ing forces have beeén very slow. One di. vision of the Austrian army bas been obliged to retrent to cover its com. muoications, It is bardly possible that the Austrian Government expected anch stubborn resistance as Lias been encountered or estimated tha magunitude of the uander. taking. The consont of the Powers, Tarkey ineluded, having Leon obtained, it was to have been presumed that tho occupation would proceed quictly and the Austrians march in and take possession unmolested. Dat the dissatisfied Bosnians thought other. wise, and the clash of arms has succeeded, with the prospect of m gueirills warfare .which will harnss the Audtrian troops and keep thao country unsecttled for an indefinite period. MR. THURMAN'S SPEECR, Mr, Tnoussas Is another illustration of the wenkening influence of the Presidentisl vision upon the human mind, Every fonr yenrs there is o general wrecking among thoso statesmen who bave indulged in Presi. dential aspirations, and each of the twenty. two quadrennial eleotions” held undor the Coustitution bas witnessed thé orushing of once andont lopes and fondly-cherished ns- pirations. Mr. Tnuryan las recently broken ont with the Presidential fever; ho has be. come utterly unnerved; the coursgs which hins sustained him {u his public lifons a bard. money advocate and opponent of jinflation, and which onabled him to defy even Old Bruu Auies in tho struggle with Haves, has utterly failed him, and he has opened his campnign for the Presidency by a speeoh in which he outbids Saam Cany and Tou Ew- INg as an opponent of specie payments and values, We print the material parta of his specol, dolivered at Hamilton, Butler Coun- ty, Obio, yesterday. . Tho burden of tho spoech is to increaso the smonnt of greenbacks by the substitu- tion of an additional amount of them equal to the bank-note ourrency of the banks, which currency is to bo abolished. Ha pd- mits that silver and gold coin will never be circulnted oxcept as smsll change so long 88 poapor notes of fivo dollars aud less are issued, and maintains that the poper jnoney of the country shauld be greenbacks. His objections to the bank-note currency may be thiua stated: (1) That a National Bank cur- rency means the indefinite perpetuntion of the public debt; (2) that the National Bank system combines, concentratos, nud intensi- fies the money power, and is, thersfore, dan- gerous to the publio safety; (3) that the bauk circulation i3 a special privilege, put- ting many millions of dollars aunually into the packata of tho stockholders, and tnking many millions out of the pockets of the peo- ple. Those poiuts aro by no menns now, aad do ot require much space for their dis. cusslon, 2 1, Tho Notional Banks issue n currency which circulates 8a money. The banks hiave a ospital of over §400,000,000. This capital is invested in notional bonds. It does not increnss tho publio debt nor tend t6 porpetuate it that the bonds are owned by tho bouks instead of being owned by indi- vidunlg in this or other countries ; the debt will remnin tho samo until paid, no atter who owns it. The Government has the op- tion to call in any of the bonds held by the banks, and bas exercised that power by compelling the bauks to surrender the G per cent bonds nud take those bearing lower rates of interest. ‘I'he National Bank. {vg system ia cspecially dwtinguished from all other banking systems which have over .exinted In this country by the fact thatit requires au absolute security to be deposited with the Govesumont for every bauk-nota issued, nnd benco thore has nover been a dollar of bank-note currency lost to the bill-holder, The bonded debt of the United States is some 21,700,000,000, aud thore {s not much danger that the banks will be driven to postponoe payment of the debts in ordor to furnlsh them with bonds to put up o8 security for thelr currency, Mr, Tuun. MAN'S desire to pay off the public debt will not sccomplish that result, unless it be re. pudinted within the next balf contury, and the people of Aty years hence will doubtlosy Lo competont to deul with that mntter at that time, 2, The objection that the Natioral Bank Bystem combines tho money power no wore applies to those bauks than it does to all other hanke. There are 5,000 bauks in the country which are not Natioual Banks, aud thoy are as potent jn controlling popular optuion oy if they were National Banks, Gen. Jacuson's hostility to the Nationsl Bank, whose charter ho yetoed, was the fact that the Government wes u partver in the institu. tion, and he was opposed to the Government being connected in soy way with bunks or banking, or In the lssue of any money or for of money other thnu gold snd silver coin. T'he destruction of the National Banks will not destroy their capital or diminish their power; they will becomo banks under Stato laws, and, being freed from the responsibilitios of the nation. 4l law, will become infinitely wore danger- ous to the public, The objection that tbe circulation is “*n special privilege " of the Natioual Banks can hardly huve been made soriously, Any’ man or orgavization of wen who can raive 50,000 of bonds, upd will deposit them with the "Treasuror of the United Htates, cau be- come u Notfonal Bauk, aud rocelve from the ‘P'reasury $45,000 bonk notes to circulate or keep i his vauit, oy bo thivks proper. As this privilege {s open to all persons alike, it cannot be called **wpecisl,” nor can it bo called s monopoly, 'The privilege L con. fued to no loeality nor to any pervon. The circulation is used to be losued, out t iu- terest. 'The private bank or non-Natlonal Bauk, nstead of buying the bonds aud getting bank notew, holds its capital in greecbacks, which i¢ lends out in the same way on in. terest. ‘I'he profit is the sawe in either case: tho interest tho bank receives from the bouds, which is from 4§ to 5 percent, is to some vxtent offiet in the way of taxes and in the reduced awmount of curreucy at ita disposal, aud by the restrictions on its geveral business and its increased responsis bility tncidvutal to its chinrter us & National Bank. The greenbncks being limited in amount, the bank enrrency hns been ossential for purposes of husiness; but whethor the banks lend money in the form of bauk notes or of greonbacks, the sum of profits to the stockhioldern taken * from the people’s pockels * wili be the same. 8o long as bauks exist and lend money they will bs pross. cuted for the profit they may afford the owners, and profits will always be as large as they can be mede, Changing the form of the enrrency will not change the rates of in terest or the domand for loans, It will be noticed that throughout this whole speech Mr. Trunstay in no instance uses the words ‘‘legal-tender” when refer. ring to the issue of greenbacks to take the place of Natiornl Bank notos. This omis- sion *baes special significance from tho fact that a bill to fssue ¢ greenbacks” to take the placo of National Bank notes was matured at the last ression of Congress, and is now pending. Thesa greenbacks—T'rens. ury notes—were {o have nall the character- istica of the present greenbacks, exoept that they were not legal-tender, and were to be accaptable for all duea to the Gavernment the same a8 National Bank notes, and were to be redeomable in legal-tender notes, the amount of which was to be in. crensed to the legal maximum of $100,. 000,000 Not being legal-lender, the legal and constitutional objectton lo their issuo did not exist. Beiug redeemable:in legal-tender, they wonld nlways be at par, as the National Bank notes ars, with the legal- tonder grecubacks, If it bo that Mr. Tuon- 4N has this kind of greenbacks—non-legal. tander—in his mind to be fssued 1n place of Natioual Bauk notes, thera may poasibly bo touch lesa objection to their tsene, If ha does mean non.legal-tender gresnbacks, do the people of Olhio understand him ns he understands himself 2 And s he not, while ppenking of thue issue of greenbacks as a substituto for National Bauk notes, dealing with the people of Ohio unfairly? If ho menns.to oxpand the carrency by the issue of $322,000,000 additivnal logal-tender groenbacks to taka the place of the bank notes, why doos he wuot eay so? If he means, lowever, tho ijssue of that number of non-legal-tender groen- backs, why does he not so explain? Tha two propositions are widely difforent. The one will be compatatively unobjectionable, will make the whole paper eurrency national in {ta charaoter, reliove the banks from the projudice and hostility with which they aro pursued, and will in no senso materially change tho value of the paper; while the other schemo is illegal, is violativa of con- tract, and would bresk down thologal-tonder currency to a level with what it was yoars ago. Mr. TRURMAN 88 & Presidential candi- dato must explam. Ho cannot talk of 4 greanbacks " in any vague way, particulnar- 1y a8 the bill now peuding before Congress proposes a ‘‘ greenback " carrenoy which shall not be a legal-tender, and tho term greonback no longer menns of necessity a legal-tender Treasury note, There are other matters in this spoech which are not new and have frequently ‘been refuted. PARSONS AND THE TRADES-UNIONS, A, R. Pamsoxs, the Socialist agitator, mnde three remarkable statoments in his specch beforo the Amalgamoted Trades- Unions last Buaday, Finut, he said that the interests of workmen would be promoted by o reduction of the hours of labor, which would result in the employment of thoss wha are now willing to work Lut can find nothing to do, Secoundly, he argued that. the workmen needed dear Inbor, and would have it. Thirdly, he sald thot thore must be a specdy reform, or there would be a reve olution, The first two of these propositions contradict themsolves and each other, nod the third biolds out revolution as the alterna. tive of n state of affairs which, from tho naturo of tho case, cannot exist. ‘The argu- ment {s, however, o good specimen of the logic generally used by Communist speak- ors, and We proposo to examine it and ex- pose its nbsurdity, beeanse it is doing mis. chief among sgnorant and uninformed peo- ple, The first proposition is the reduction of the hours of work of men now employed, in order that men not employed may find work. This will not commend itself to the good senge of intelligent workingmen. They will seo that it must mean the reduction of hours without an incrense of pay or with an in- creaso of poy. In the first case, it would deprive them of means of subsistenco whicl they already complain kre too scanty. If the printer, for instauce, sbould voluntarily re. dace hishoursoflaborone-fifth, he would have his earnings reduced in proportion ; fustend of earning 318 a week, hu would earn 814. the comforts lic wou]d be abla to giva hun. aelf or Lis family would be' reduced in pro- portion, and all to give employment ton workwman whom he had neverseen,—perhaps to on unworthy person. Workingmoen may be—wo belicve thoy generally are—an un- selsh clous of men, but they are not yot prepared to lot their senliments go to this longth of self.gacrifice. Or, taking the othr suggestion,.aud agreeing that the intention 1s to reduco hiours of labor without reducing puy, the proposition is not more ressountle, In the case of men who work by the piece, like printers, it would be necessary to ac. complish this end by iucreasing the pay for each ploco, and lmiting the number of hours any man should be permitted to work. Here, ngain, there woulit bo the difticulty of requiring nn amount of self-sacrifics of the workisgwmen which onght not to be demand. ed of auy man or sot of men. If there wers to be an advsuce of wages, each work. man would waut a share of it, not for vome hypotbetical sufferer, but for himsolf, They all claim now that their wages are jnsuf- ticient. ‘They waut to have them increased, to benefit themselves and their families, The Lypothetical sufferer cuts no figure at all in their calculations, But Pansors snd Lis fellow.demagogues way say titat tho in- crease of waguy ought to be wufliclent to cover the wants of ull at present employed and give employmeut to everybody else, ‘This would certainly bu 8 comprehousive de- waud, but it would mean couflscation of property. It peeds mo argument to show that, iu the present condition of Lusivess, profits are not sufficlent to pay every man the wages be would like to Lave, and ewploy evorybody who wishes to be employed on these extremely liberal terms. The only ‘way to employ more men 14 to reducs the hours and pay of those already cmployed, 1f the reduction is frow ten to efght Loury, four wen must surrender one.filth of thelr pay in order to employ a fifth wau, and the fitth man will ouly receive four-fifths of the sum previously paid to each of the four. No workingman now employed full time will feel that Lo can aford, in such times as these, to make s0 great 8 sacrifice; aud the feeliug of the workiugmen is pre- cisely that of the eapitalist, who is unwillwg uud unable to give up in woges wore theu fera to provent the exchange, the porcentago of profits justly belonging to the wagon-fand. Pansoxs' recond proposition fa that the workingmen want dosr labor, Thinisa di- rect contradiction of the first proposition, For {f more workmen aro employed, and the hours of labor reduced and wages dimin. ished in proportion, Iabor will be neithor denrer nor cheaper than at prosent. If the object is to make labor dear, soms of.tho workmen already employed shonld be dis- missed. It will be impossible to employ more at fall wages and reduced time be. cause, ns we have shown, labor cannot re- ceive more in wiges than it enrns; capital will bo withdrawn from nse rather than pay higher wages than it ean nfford, and, in the loug run, it always will pay all the wages it ean afford, 8a the proposition mst be menningless, or it mnst mean the confisea. tiou of property, which deceut workingmen Linve never contemplated or at lenst never formally proposed. But, taking Pansoxs on hisown grouud,and admitting that his propo. sition means something, the workmen in reality would not gain anything by denr Inbor all aronud. Tue cost of labor is the chief element in cost of production. As Inbor became déhrer, nll the artioles pro. duced by it wonld rise in price. The work- men would have to pay more for every arti- cle used for subsiatence, comfort, nmusement, or luxury, It would be no benefit to him to have denrer Iabor and mora wagss, if every- thing he bought was dearer in proportion. It* istrue that sume exceptionnl teadesmight de- rive a temporary and partial bonefit fromn general rise of wages; but it is as cértain as any axfom in minthematics that the benefit would be only temporary and partinl, Pansoxs says that these things must be or there will Uo revolution, IIo ought to Lave snid, ' Thoy nover ean Lo without rovolu. tion,” That 18 what he monus, or he means nolbing. Ho should bave hiad the couraga and maohood to say what Le meaut; or, meaning nothing, to keep still and nllow others to spenk, It is not creditable to tho Amalgamated Trades-Upions, and partion- larly, not to the Printers’ Unlon, which formed part of it and contained men who | know better, that they permitted such o man to appear as their reprosentative and spokesman, Ife coutradicted their, own speakers, gave the le to the sonliments of modorntion nnd good-will townrds their em- ployers which (hey professed, and sought to commit them to doctrinea which they have in the past ropudiated and condemned. TAXING UNITED STATES BONDS, Oue of the conspictions fallacies of the Na- tionals and Communists, and approved to a Inrgo extent by the Democrats, is thal Gov- ernment bonds should bo subject to taxation Ly tha States. Mauny people of the Wost have been induced to favor this proposition, thongh it is immoral ns Lo bonds already fs- sued and impolitic as to future issucs, bo- cause they are under the improssion that the Western people would theroby scoure pu nd- vantage over the people of the New England and Enstern States who own by for the largest mmount of the bonds held in this conutry, As the motiva of this appraval of o proposition go objectionable in itsel? ia on- tirely selfish, perhapa the people who ap- prove it can bo best dissuaded on selflsh grounds, The fact is that State taxation of United States bonds would imposs a larger amount of Government taxation upon the poopla of the West and Sonth thaa they now bonar, without providing nuy commensurate offsct. It will not boa diffioult watter to damonstrato this to the satisfaction of every inteltigent person. 1t s a plain proposition that an authorized tax on United States bonds will increnge the interest at which such bonds can be nego- tiated to At lenst the aniount of the tax im- posod upon thom, The minhnum interest at which bonds can now be s0ld when they aro absolutely fres from taxation i 4 per cent, An authorized tax of 2 por cent would nocessitate the payment of G per cont inter- ost; or a 8 per cont tax, taking this na an nvernge of theaggregatelocal taxation, would force the Government to offer 7 per cent in- terost to sell its bonds at par. 1P 4 per cent in the lowest ruling rate of intorest now, then an added cxpense of 3 per cent would increase tho lowest ruling rate to 7 per cent; otherwiso 1t would have to be contendedthat capitalists can now nffordto lend their money st 1 per cont interest. The Government is now exchanging its 0 per cent bonds into § per conts, thus saving one-third of the interest which it originally expected to pay. "There s little doubt that the entire Govern. ment debt will be funded at 4 per cent with. in a few yoars, unless legislation shall inter. I, then, the rullng rate of inturost should be increased to 7 por cent, we should have, in round num. bery, the following difference in the Gov. ernment’s aunual interest account, which is borne by taxation: . Per year, $1,800,000,000 8% 7 per cent. 120,001 060 1,500, 00U, DUO &t 4 per cen 72,000, 000 Difference uueu.........-»...-S-.'S—I.'DW.OW 1ua divisiou of this extra Government ex. pense tho poople of Illinvis would have to bear abous one-fificenth, as that is abaut the proportion of Goverument taxes which this Biato pays. There would then Lo an extra burden of 3,600,000 a year to pay in Iili. nols alouo, Whlere would thie Btate of Iilinois look for a reimburssment of the oxtra cost of §3,600,- 000 under the bond-taxing system? Would it bo fu the local tax vu the bouds held in Ilinois? W do not believe tho tax would yield the State $1,000 o year,—certainly not enotgh to pay the cost of collection, United $itutes bonds would vanlsh from the Btate of Hlliuois ; a Governmeut conpon would be as rure within tho boandaries of ‘this State as a Frouch assiguat now ju the tax.gatherer would rake and scrapy, swear aud scrutinize, begand bully in vain; no United Blates bonda weuld be found. Savioge banks snd other trust institutions, lusurance cowpanics, and all corporations scoustomed to hold these bonds in large quantities, would get rid of them, thus depriving the people of their safest securitics, and put their money in somy other sbape. Where would thesy bouds go? Why, to the New England aud Enstern Btates, which would not tax the bouds,—for Congress could uot pass a law compelling all Biates to tax Government bouds. ‘Fhe net vesult, then, would be that the toxation sustained by the people of lllinois would be in. creased by §3,600,000, which would go into the pockets of the Europesn, the Qanadian, the New England, and the Eastern boodholders, whose bonds could be held without subjecting the holder to the juquisi- tion of tho taxation. The experionce of 1l nois would bo the experience of every otber Btate wbich should undertske to tax the bonds, even conceding for argument's sake thie coustitutionality of the proceeding. Aw tho case now siands, the bonds used in Na- tional Banking are taxed in the shape of -capital stock, und contribute aboat $7,000,- 000 n yeur to the revenues of the States, ay thoro ara abont $400,000,000 of bonds that ! in which might wonlddominate as right, and ara used ns banking copital. Isn't it a good denl better to save 54,000,000 a year to the QGeneral Government and R7,000,000 to the Btate Governments nnder tho present system than to adopt tho bond-taxing aystem which will wipe ont these two items and impose ad- ditional taxes on the non-bondholding class for the espacinl benefit of. New England and forcign bond-ownars? It pome of the Nationals, Commhnists, and Demoorats, in the light of theso facts, abandon the ides of State taxation of bonds, thoy may think that the bonde may be reached Ly United Btates taxation without encountering such objections, Tha nnswer to this was furnished in n condensed form in & recont imsue of the Boslon Iranseript, which said: ‘*No nation taxes its Londs. By exempting bonds from taxation the United Siates makes money, because it gnios in interest saved more than it could posmibly get in taxes. Again, were the bonds taxed, not only would it be nceessary to pay more interest, but the bonds would be worth more ont of the country than in if, aud wonld go abrond, where tha interest wonld have to follow them, but whera the tax-gath- erer wonld be powerloss.” To this may be added that it would ba o flagrant snd ont. rageonn violation of contract to impose n tax on bonds already issued under the pledge that thoy should never bo taxed, and the 8u. preme Conrt would never upliold sich n Inw, even If Congross should be stupid enough nnd maligunnt enough {o pass it. To impose n United Statos tax on new bonds woulil nmount to teking in moucy with ono hand only to pay it out with nnnth. er, for what the Governtaunt wonld reesive in bond-taxea it wonld Lo obliged to pay in additionnl Iuterest; the net result of this transaclion, so far as the lax conld be col. lectod, would be to saddle npon the Govern. ment the additional cost of collection, while in the caso of the bonds that would go abrond (the great mass of them under a United States system of bond-taxation) *“the interest would have to follow thom, but tha tax-gatherer would bo powerless," KEARNEYISM 18 COMMUNISM. When Kranses first began mukingspeoches in Massnchusetts he did not realize that the anti-Ohinese and **sand-lot * talk was of no avail in that section of the eountry, but ho has begun to underainnd that he must take up somethivg besides issues local and pecu- liar to Californin. In branching out into n more general discussion ho has given the people some 1des of what ho would have the workinguien accomplish aftes succeeding to the control of thu pol:tical power by ¢ pool- ing their issucs,” as he constantly advises them to do. Tho tonor of this more genoral discussion loaves no doubt that Keamsey is an ndvocate of the mont exireme of tho Communistie doctrines. Ho conclnded ono of 18 recont Massachusetts specches as fol- lows: Now let me glve {on my idea of Communism; It I am drowning In the occan, and 8 #hip os large us the (ireat Kuatern 9 paselny by Jonded with Tun- ber to her mastbead, and 1, a8 self-nerservation 1e the firat law of naiure, ank the Cavtain to give me 8 plank to aavy my life, and he rofunce, I um ins. tiflod in taking @ plankc " That iy my tlea of Couie munism, ¥ This parable, being interproted, means that the Great Eastern is tho Community nnd Kearney tho type of any ono reduced Yo what lLe concolves to bo the necossity of geizing npon the property of another, no matter whethar his self-adjudged poverty be tho result of misfortune, or idloness, or dig. sipation. What Keinxey ropreseuts to be Lis right he must nocessnrily concede to be the right of othors. Nelther he nor the moat oxtremo advocnto of the Connnunliatio doc- trine will maintain that the Individual exer- ercisa of this right can be permitted without restraint, for in that case common robbery would be legnlized; n thief or a burglar would then only need to set up as a dofenso that he was in want of tho articles he stole in ordor to secure acquittal, and 1t wonld bo folly to maintain s police-force to arrest such offendery, or courls Lo try them. The sppli- cation of Kearxey's dootrine, then, would mean cither a systematio division of proper. ty so that one man should not be worse off than another, or the administration of nll property and business by the Government 80 that every one shall be equally cared for. Both theso Ideas aro variptions of Commu- upism, aud both lead to the same resnlt, Tho jden of Governmont administration of property and business for tho equal Leuefit of all, being tho more delusive, deserves re- poated elucidation, It means that the in- dustrious and thrifty shall contribute to the support of those who prefor to be idle and irresponsible, To begin with, there would ba a goneral demand for homes by those who are not provided ‘wuh thewm ; the women and ohildron would have sufliclent intluence to give this demand priority, and, indeed, jt is the plan most covspictonsly urged by the demagogues who are pouderiog to the Cow- muuniatio sentiment. We will say that: there aro 1,000,000 families that would immediate- 1y spply to be comfortably settlod fu hames of their own, with all the conveniences that their nelghbors enjoy. If the Gov- erument unduertoke to satisfy their do- mands, the oxpense must be defrayed by taxation in some form or other. Then it falls upon+people who have property snd esrn money for themselved. Buppose tho demand for Louses amounts to 1,000 for every county in the country ; will it not be preoively the same thing in the end for avery county or every township to begina division of property according to local de- mands as it is to inour its proportion of the coat of providing thoso houmes through Gov. orumont agency 7 This view of the question illustrates the impracticability of the scheme, for the properiy-owners snd business men of nosingle community would do this ex- cept under physical coercion ; and it slso toachew that the thaory of Government pa- ternalisw, a4 construed by the Commmuuists, samounts in the end to o compulsory division of property. But suppose the division of property should be made outright,—every man being Lis own judge of Lis righty, and the Cou-. munists able (o dictate torma. In that ovent the undvserving, the idle, the fguo- rant, the rapacious, the dissipated, would be- cowe possessed of at least their share, if not more, end great numbers who have beeu just industrious and frugal enough to earn a bare living would suddenly nd thewselves in & position for the time beiugto gratify passions and desives that have been kept in restrainé by force of circumstances. ‘Then the carnival would begin. Capital now om- ployed in large enterprises would La di- vided up in such s wiy as to be of no general gervice, snd tho fm- provident would soon squandes what had como to thew wo easily and suddenly, Then su- other division would become necessiry, if the Commaune idea skounld hold out, for the wan who had squandered Lis ahare would then be just as much entitled to seize & ** plavk ™ from ** the Groat Eastern,” as HgAENEY puls §t, ss he is gpow. Ju other wordy, there would ba universal and nover-sndiug anarchy, law, as it is now understood, would liave no recognition. How mmch better off wonld the workingmen of the conntry be after fol. lowing Keanvry's advice, after pooling their isenes, and after adopting nnd enforcing the Commnuo doctrine in cnsa of snecess? PRSI A SENSITIVE PREMIER, The correspondenco which has passed br. tween 3ir. Grapsrone nnd Lomi Bracons- rieLp, relative to the nse of unpleasant opithets by the former, while it dues not indients n quarrel over nomen: ns fleree na that of Batrus and Cassius, shows nover- theless how sensitive n Premier mny bo even in the morment of his victory, with all En. ginnd throwing flowers ot his fost, and the Queen hersol?f bedecking his manly leg with tho garter worn only by sovereigna and the the monst illustrions nobles, On the S0th of July, Mr. Guapstosr wrote to DBeacona- izen, denying that ho had enlled him “ o dangerous and even dovilish character,” and reqeating him to supply him with n Hst of tho offensive epithots ho had charged him with using. To this plain missive Bra- consrirrp teplles on thie samo day In his most taploftical manver, ns will Lo seent hy tho following introduction : Lord BracoSsyizeh peerents his compliments to Mr. OrapstoNe, anl has tno honor to acknowlrate the recelpt of his lettor of this day's dnte referring 10 anme fetaarse mada by Lond Inet. nlght in the Wouwn of Lords, and requesting to be sirpnlied with a **list of oifenmive cplthets applied not merely 10 Lora DEACOXnFIELD'S et ufes, butto his person and character, and with a noto'af the fhres und ates alwhich they were wed, As this wonld require a resenrch over a peelod of twp yesre ant 2 half, dusing whiels Mr. Giane STONF, 10 nwo h(= twh expronsions ut Oxford, has heen connterworking ** by day and by right, week by week, month by month. ™ tho prrpesc of Loed Brscansriznn, Lord Beacoxsrin who (s at 1his moment much prested with uflales, 15 oblived 10 request thore gentlemen who are kind enough lo neaist bim in the cond f public business 1o tne dertake the nvccrunr{ relies, which nrobably will reguire vome littl e Thero is something vety amusing in the thoroughly oflicinl cirenmloention of Dra- coxsrieey's introduction, hut, hefore the Jot- ter is fnished, Desooxsriesy the Premier is sunk in Dismanes the man, and Linan nature saserds itself inn fong aud inelancholy whine at Mr. Grapstoxe for cherging timt le bhad degraded aud debased the Governe ment and »old the Grecks. With regard to tho opithet * devilish,” Lord Bracossrizip aays ho s informed * that it wan nob M. Ggapstrone nt Hawnrden who compnced Lord Deacowsziru to Mephistopheles, Imb ouly onn of Mr. GribsToNe's fricuds kiudly inquiring of 3lr. GLaDETONE how thoy wote *to get rid of this JMephistopheles’ s but, as Mr, GrapsroNe procesded to explain the mode,—probably the Birwiugham caucus,— Lord BeacossriELp may perhaps bo ex- cused for assumivg that M Grap. stoxE sanctionod tho propricty of the scarcely compiimentary appellation.” To all this the great public, familiar with BeacoxsrieLn's works, will Lo apt to reply hie has no right to ba so thin-skinned. His novels abound with ents aud thrusls at Lis encmics nnd satires upon his frionds, e hias not hesitated to make a target of any ouo ho disliked or to Lit a lead whenovoer ha fousd ‘one. In view of GLiDsTONEYM Vury wil@-mannered abuse, be should ba thankful lie does not bold oflico in onrown great aud gloriows eounlry, where Lio wonld probably be called a thief aml pickpocket, if not a couuterleitor, forger, bummer, and thug, and nscortain that nearly all his telatives lad served terms fn the Penilcnllary, roportors of the papora making the charges intervivw- jug him to fiud out if they weru true, punc- turipg him with Joubta regsrding his truthe fuluess as a mon, and the uext morning rid- ditng Lim du the headlines aan nonaster of miquity, and expressing some doubt nbout the truth of tho hcadlines in the Loldy of the toxt. * RUSSIA IN ASIA, Estopped from any progress sonthward in Europo, hedged in by treaty provisions in Asin Minor which sho canuot violato cxcopt at risk of war with Englund, Russin kecps up her forwand march in Central Asin, and bas alroady established a diplomatio miskion at Cabnl, the Capital of Northera Affghanty- tan, a rich and flourishing clty, and the contre of a large trade which Russla ia desirous to develop. As the Russinn desire to develop trade ia usually the forerunuer of the desire to secure territory, it is not jmn. probable that the establishimout of diplo- natio relations with Affighaniston is tha first utep towands o schema for occupntion. The alarm already ocensioned in England, who watches every stup of Russin with suspicion, i3 shown by thoe fastant order for the estab. lishment of au English mission ln the same city. I’tlu no secret, now that the Cougress is over, that Rusaia, like Wrrtiaxt Tese, had an arrow concealed in her quiver to bu tsed in case tho Congress hiad Lroken up without decision, Itiy, ous of tho clenrcst indivn. tions of the mighty power amd resonrves of Rusuin that her progress in Contral Aslas did not stop during the recent war, The Tus- uint papors lave vory elaborate details of the preparations to threateu Iudin wnde by Gen, Javrstann, m cnso the Cougress hud falled, Aw early s the 25th of April Gen, Kavisans vocvived liis Instructions, which were to the effect that by should divide his army luto throe corps of observation, the fimt stationed at Baaresud, the socond at Mnrghelan, and the thind at Potro-Alexandrovak, near Kuiva, ‘The flrst corps was to morch almost to the Adghan ontposts on the Oxne: the secoud to entor the Valloy of the Kizil 8u; aud the third to take s position on the northsoatern froutior of AJghonistas, In June the three corps mude 4 forward movoment and they now le to the northwest of Afghauis- tan, threatening the districta"of the Hindoo Konsh, nnd bant upon annexing some of the Khanates that lio to the nortl, while theiv diplomnatic agents aro-already in Cabul. It adii to the delicacy of the situation that the Ewir of Affighanistan is now bitterly in. consed against tho Euglish, Coupling this circumatance with the presence of a Russian army on bis borders, thero seaws to be very good ronson for the anxiety now displayed by the English Governmont. ‘The London Globe, iu discussing this movewent, anticl. pates somy scheme of conquest by Nussls, but’ whistles to keep up ils coursge. It saye: . ‘That temupting invitations to commenco a cam- paigu o reasy ou every sido thers cun be no doudt, Kbive i ndt yei wholly annexed; Mery, ourh nudor the protection of Pecels, Ie still s thogh (o the vide of Turkvstun: Bokhary st Fo. maing Lo be conquered: to (e sonth of Ferchanah aro fruitful Khanates, on which Jtusem louks with longlug oye. s the Kulia queation atill temalus s boue of contentlon, wulch at upv mowent could o couverted by Katwuay nto @ war of conquet Kashyana. The Eastern quiestion is closed preasut, und it would 11l beds the bacile cas OF the Czar it his Viceroy in Turkeatan revive thoae anyry feellugs which the ven- vral public of England and Husels fondly hope have ceascd L exist butween the $wo countries. "l i8 L0 be boped that Gea, Kavruanx will pot em- bark lu suy offensive undertaking that way dise turb the good relatlony uow exining between thile country snd Kussia. g The secret of the Euglish anxlely is to be fousd ju thy fact that Geu. Kavniaxs's srwy in oceupying a section of couutry uot on good terww with England, and that there is nothing to hinder Russia, if so disposed, from wanaxing somo very large blocks of TrAcoXerint | territory that would ‘bring her clogs dowp upon the Indian frontier without vielatiy, any treaty stipulations. Bracoxsrinip's dt plomacy, though it raised an nbatacle ta Jiussinn aggrandizemont in Asia Minor, conly not rench to Central Asin or keep Rusuia out of the rich territories of Turkestan nyq Affighanistan, with their dircet bonringy npon Persin and Indin. With Russia Drossing down i this direction, and nlready nwney. iug ovor tho Chiness Loundnrics in the gy Enst, moving slowly but surely yeqr ), yenr, and with an indemnity claim iy hop hiauds which she nay press upon Tarkey with crushing weightnat any timeshe clmo;q,' it can havdly-be considered that the Congreyy hias done more than to postpone the Eastery quostion for ashort time, Ex-Senntor Marr i, CARPRNTRR hag gy, cently spentsome time {n Mitwaukee,—where )y owns a bouse and lot and a newspaper,—jyog. Ing over the grosund and caleulating his chancey a8 a candidate for the seat In the United Stageq Senate now occupted by Tistorury O, Howr, Me, CanreNTan has just returned to Washingioy where he has been practicing his professfon n,; the past three years, and an cnlerptising inter. viewer, for the want of something hetter to do, ormay Leat the victhn's own suggeatfon, gy hold of MATT the other dav and turned hiw fy. slte out for the edifleation nnd amusement of swhom it mav concern. Mr. CARPENTRR'S shory and brilltant politieal hstory is well knowy to the averdeo newspaper reader, After sery. ing one teem In the Senate he fell into guch dis. favor with tho Dlepublicans of Wis vwn Siate that he was defeated for re-glectian, althuagh hls own party had n larze majorlty In the Leglstuture on joint ballot, and M, CArpeyteg recefved the caucus nominatlon, Stuce his de. feat, his polltical statns hus been a matter of conjecture, 1iis appearance before the Electora) Comtission in behal! of TILDEN was rewanled I Wisconsin, among both Republicans ang Democrats, a3 o repuitiation of his party fealty, and many of Iis oid party fricnds lost all faith In his Republfean intearity, Mr Canvrsren has been talked of conslderably of late oy g prabatle cosipromiae eaudidato for the Senate, and this klea has been atrengthened to somg extent by the vonduct of the Milwatkce Nary the leadime Democratic orzan of Wiscooein, which recentiv printed two leading editorkat articles fuvoring such a coafition among Dewae crats, Ureonbackers, and *CanresTen” Repule leans, Dup MATES recene Interview fig put a guictus upon that * movement,” n: g declares hlwelf unequivoeally for “the u Republican nomiuco a3 his candidate for the Prestilency, His recont vislt to Wisconsin am) conference with ns political fricnds evidentiy hasconvinesd Mr. CARPENTER of three vea, foun tewils (1) That Wis sopearanc - befors the Llectoral Commisalon Iu favor of tho TineN slde ol tho Presidential contest has serfously Injuved lis standive with the Repub. leans of Wiscogsin, (2) That there are w rounds for hops of s belng clected to thn Hunata by any coalition whatever. and Lhat he had better get back fnto the Ropablican churen and acel absulution aud forgveness for his politiedl 8118 &5 soon ny possible. () That, the Repui. Neava will certaluly eaery Wisconaln this full, and have o good working majority over an other parties comblued on joint bitiot in the Leglslature, () Phet Mary Il Canepnronis a3 dend as a doornail v the Badger State ut tho prescint tne, . B The 8, Louts Tepul'crn is somewhat puzzled to know why It 1s that the saine temperature, ny fndicated by the thermoaneter nduly, caused auch a pradigwus nusitier ol sunstrokes, and 80 few i Augast. 1t says that Gen. Muyew, of the Signal-Scivice Dopartinent, ntiributed the suustrokes In July to the oxeesslve neat, coupled with the uanwsually wet weather, amd iv now confronts nim with the fact that the weather duting tha flrat week In Auze ust wus s dQamp and a3 hot as In July, and yet thero waa only one caso of sune strulie rovorted. The fact {8, savs the Sepn's “tity thut scienco bas hero o problem that (b it bolve, wind the subject is ot to which iz ealls the attentin of the genllanen who aie io compuse the Nutlonal Assoviatlon for the Ade vaneeuient of Sclence that 1y Lo ussemble fu 31, Louls text week, Thero areother charactertstlcs Lhat beiongg Lo this matter of heat and sunstroke that these sclentists would do well to luvesti- gote us soun as the subject 8 fuirly opened, “Thus, it would be proper for them to [nguire Into the causes thut induco u St. Louls editor (v lie ns suon uy he wels warm, or a3 soon as the tieat of the budy rlses above & cortalu tomperas ture. By what psychulogleal procesees docs & man on the west bank of the Misatsaippl River loso his grip upon truth whenever he sees the merenry in his tharmomeler touch 90 de- grees Faungxnair i tho shade, whereas his word lsus zoud as his bonid at 85 and 881 Just hiere the investlgation whl vaturally divide It- self into twobranches having ooe trupk, and its root Will Dbe {n the orizin ol sunstrof thy one involving somc pryfag into the duamin of phyaical aud the tlier futo the realm of mental selence, nod both worthy of the most cureful aud profound study. A St, Louls cditor searce- Iy ever lea about Chicago, or. udds a tew theu- sand bogus nauics to the last city directory, or mistakes the facts in reiation to the health of hls fellow-citizens, unless there has been some weteorologieat disturbances that have been suflicient to obscure bis moral vision. 'The special attention of sciontitic men that are lo mect there next week Is respectinlly dirccted to these curlous picuonicoa, S ——— “Tho careo of the lost veean steamship Tdaho glvea some ldea ol what Awecrica is now con- teibutlug to thy Ol World, Her carge cotne prised 141 packuges of agricultural Implements, 77,000 pounds of bacou, I8 packages of clocks, 17,000 bushiela of corn, 1,000 bales of cutton, 4 Lales of liops, 58 liorses, 200 tons of fresh mest, 75 tierces of salt neat, 2 cases of machivery, 5 planos, 13 kega ol luk, 23,000 bushels of wheat, 12 packages of wanufactused woul, This was thabulk of the ship's cargo, buydid not em- braco the entlre bl It 13 sulllclently varled to show tu what an almust unilmited estent thy Now {s coutributluyg o the eecssities and com- fort of the Oldt ¢ e ——— - ‘The Republicaus ot tho Niucteenth Nlinol District tave nomfuated the MHou, Tiosas A. Bayp for re-clection to Cungress. Mr. Bovp hias ecrved one term du Congress, and hisservive has been so aceeptablo to tbe people of his dis- trict thit e was renominated on tho first bul- lut, nitboug thiere wero threo otner candidates in the fietd, Buue complajut is mado becsuac tho platlurms on whieh Mr, BoxD was wom- tnated “kauckies tu tho Greenbuckers, but it it 1s not all riclt, Mr, Bord can dv 8s Jonacs Guerrsy did tn 1853, when the odd Whig porey surrendered to the Pyo-Sluvery senttient,—ac cept the nomwtustivy, ' buL SpIt Upoa the plat- for”? —— We don't care s copper who has the honor ot S irst nominating GRaANT au,!? beeause it fs of amatl amount beslde the other motnentous tacs that wo tirét expreased the opuilon thas Mr, Dgn- Nis KEARNET was a sballow-pated Oat, humbuk, fraud, ond vulgar fgnoramus. Tols correct oplufou of humn 18 belng vontirmed day by day, The dispateh vublisted 1 Tus TRIDUNE yes: terday morulng from’ Boston ssys that Kzak. Hxx's fullowers are befnis dissatiatied with thele may, whose speectics arc now lalijug tesribly tag, —————— . The Boston worklngmen bave passed a reso tlun of “unmingled pleasure oud deligut” at the announcement that BeN Buzres abavdous the Republicou party, Ic 48 fu order now sof Ll Republicans of Massachusctts ta also pass 8 stmilae resolution of “uumisgled pleasuro and delight " over the souounccwcur that Ol Cockeye has Hually goue. * ¥ 2 e — e B A prominent Italfan writer bas been suwme mugiug through sowe old mauuscripts, sud dis- covers that BEaTnics CENci, so beluved sud pitied of mstdens the world over, was & bad, wicked woinan, and JARVESY, the art eritic, com- pletes the teonoclasm by proviug that the fumll-