Chicago Daily Tribune Newspaper, August 31, 1878, Page 4

e e M AP P TP S ! 4 THE CHICAGO TRIBUNE: SATURDAY., AUGUST 31 1878—~TWELVE PAGES.' . midst that he may commune with the honest toiler, and together they may rescne the State from the evil way julo which it has follen under the mauipulations of tho iniquitous politician. This ontburst of good- ness on the part of Boreer will donbtless create surprise in thaminds of the peoplo of the Bay State, but they will probably re- member that this present opportanity is for him the final chance of obtaining the prizo 80 long caveted, and will generously cxcuse and threaten even the trade and perhaps the very taxes of India, Tho result of this International Monetary Conforence shonld not be fgnored by Amer- ican legisintion. The lesson it teaches is that the United States, for the present aud with referencs to the fntare, should abide by the system of restricted coinnge of silver already sgreed npon. It was by this means that France and the other States of the Latin Union protected their silver circulation while Thye Tribwe, 1 MS OF SUBSCRIPTION. BY MAIL—IN ADVANCE—POSTAGE PREPAID. pag rix of & yra #onday Ko Enect. Satnrday Ediifon, T TH-Weckly, one year, T'arinof & yéar, per 1 WEFFLY EDITION, FOSTPAID. O o ® 2:38 | any little exnggerations which may bave | Germany was exporting silver by tho mill- Feclnen it crapt into this remarkabla lotter, fons. Wo shall find one ndvantage Give Post-Otfice address fn full, Inclading State and for the time being in the same pol. fey. At the present ratio of American exporls to American imports—showing an annnalexcess of £250,000,000 of the formor— 1t will require hut anothor year to wipe out American indebtedness to foreign countries. Even before that time England and Ger- many, not willing to part with ail their American securities, will bo compelled to pay their balauces in gold, if restrictod silver coinage bo maintalned; we will take their silver ouly as bullion and at their own gold rates. It s enfo to predict that they will tire of this arrangement, and it will not be strango if the next proposition for a mone- tary conference, with a special view to au in- {ernational agrecment sbout the use of silver 88 money, shall come from one of the two nations that have boen chiefly instrumental in defeating the purpose of the Conference Jjust concluded. There is only ono more observation that remaius to be made abont this Sliver Confor- ence. The resnlt will encourage the gold organs to further misrepresentation of the real fassue. We nlready notice such a dispo- sition. The Boston Adrertiser, in & recent article on tho subject, speaks of the attitudo of Franeo as governed by the desiro to pro- teet ““a vost masa of alroady doprecdated five-frand pleces in circulation nt home,” though it is well-known that not a single five-franc piece in circulation in Franco is depreciated. Thoaim of the gold organs will bo to use the result of the Conforence as an argument that tho United States should yield to what they will denominate the “in. evitalile demonatization of silver.” But the result of iho Conference indicates nv such thing. It bas brought out an admission that universal demonatization of silver will be a disaster. That is an important concession, and it only remains for tho United States to protect itself by o system of restricted silvor colnage until there sball bo an international agreement in nccord with this concession, 'Wa can concsivo that, un- der tho circumstances, the adoption of tho single silver atandard in this conntry (which a {ree, unlimited, and unrostricted coinage would now bring about) would materially holp the gold.countrica out of the ombar. rassment that threntens them ; but the adop- tion of the single gold standard would be to sharo their embarrassment. The policy of the United States should be, like that of France, to maintain the double standard by restricting silver coinago till international agreement on o ratio and the maintenance of the double standard shall bo reached. The ndmission of the recent Conference, that it is desfrable to maintaln tho money use of silver, renders such an intornatiosal ngree. ment merely a question of time. County. - Itemittances may bamade efther by drafte express, Fost-Oflice onler, or In registered letter, at our Hik. TERMS TO CITY SUBSCRIBERS. Dnily, dellvered. Sundsy excepted, 23 cents per week. Datly, delivered, Sundsy Incinded, 30 cents per week, Address THE TUIBUNE COMPANT, Corner Madiron and Desrborn-sta., Chicagn, Til. Orders for the delivery of Tnx Tatncxx at Evansion, $inglewnod, and Hiyde Parg seft In the counting-room will receive prompt ateention. ¥ Tha number of peoplo resident in thes Northern District of 1llinois who yesterday filed petitions in bankmptey was 165, o total which, uader ordinary circumstances, would indicate an extraordinary condition of finan. cial stringency, but which, in view of the repeal of the Bankrupt law, simply denotes & general desire to take advantage of its pro- visions to wipe off old scores aud atart a new slate, A large proportion of the liabilities of thisimposing arsay of voluntary bankrapts consists of debts which have long since been fndexed as **bnad” by their credit- ors,—dcbts which would have been scaled down and compromised, and many of which would never be pressed for paymont at all. The 165 patitions do not represont anything liko 165 business failures; they are siniply the result of a grand rush for tho sponging- out and clesning-up opportunities afforded by the law which after to-day will be itself &ponged out. Chicago is doing no moro than a relative proportion of the rushing, as will be seen by the record in our dispatches this morniwg of bankruptey petitions filed in other cities. OFFICES. TRIBUNE THE CiicAG TRINTXE ha catablistied branch offices for the receipt of subseriptions and sdvertisements as follows: NEW YORK~Toom 29 Tribuna Bullding. F.T.Ma* Fapnuy, Manager. (JARIS Vranco-No. 1a Rine dels GraogeBatellers. i, Mancrn, Agent, 4y L.ONDOY, Eng.~American Exchaoge, 440 Strand, MeVicker's Theatre, Madison street, between Dearborn and State, ** DI+ plomscy.” Afterncon and cvenlax. ¥ flootey’s Theatre. Tandoiph sirect, between Clark and Laalle. #oeagement of John T. Heymogd **Ilisks.” After Boo and eventog. Haverly’s Theatre, § Dearborn sireet, corner of Monroe. Fagagement of Tony Pastor's Cumpany, Verlety entertaloment. Af- ternoon and eveniug. TEE mrxumnu_g:g SILVER CONFER~ E. Tho Iuternational Monetary Conferonce at Paris has adjourned sine die, and it cannot e denied that the resnlt is very differont from what was expected by the American Cone gress with whom the idea originated. In point of nttondance and dignity the Confer- ence waa flattering anough to the United Blates Government which invited it. There were actually represented tho United Btates, France, Great Britaln, Belgium, Greace, Austro.Hungary, Italy, Holland, Russis, Switzerland, Bweden, and Norway., Ger- many alone was conspicnous in her refosal to take part in tho discussion, But, notwith. standing the importance thus admitted to attach to the subject in hand, and in spite of the marked ability of a majority of the dele- gates, the conclusions reached by the Con- ference, with the concurrence of & majority of the Enropenn representatives, were utter- 1y sllogical and fmipotent. They may be stated as followas 1. Tt is of the utmost importance to all the world that the monetary function of silvar shall bo maintained a3 well as that of gold, aud any universal departuro from this po- sition will produce a frightful shock throngh- out the world, -~. G 2. Novertheless wa recommond the lairsez- aller policy, nnd adviso that each nation regulate the matter for itself and in harmony with its own sclfish ends, witlout any regard to the general iuterestd that ought to be maintained or the danger that may be threat- oned. g Even if Mr. Goscuey, the British delegato, Liad not formulated these contradictory propo- sitions, a4 his conclnding specch jndicated, it might fairly bo suspected that they wern suggested by England, 'They agree entirely with tho English commercial iden snd tho English foreign policy. It is to tho advan- tage of the English money-lenders to main- tain the single gold standard, if the mone- tary uso of silver can be proserved olse- where to an extent sufficient to avert the shock of a geveral disnse. England, therefore, profors to let the rest of tho world tako care of the general internation- al intorfst aod to remaln free to take nny advantage for herself which the situa- tion way present. Itis possibla that Ger- many nbsonted herself from the Conference in sometlung like the same spirit, thongh mere obstinacy in earrying out the policy of domonetizing silver had some influence in her case, The Conforence did not dare avoid the ad- misslon that it is desirable to maintain the monetary uso of silver as well sa gold, for it is universally felt that a general demon. otization of silver and an effort to conduut tho business of the world on the Lasia of gold aloue would result in a universal panio and dismay ench as the world has never known, There would bo a very convulsion in volues, the limit and termination of which canuot be predetermined. Henes the mon. otary use of silvor wan approved in o general way. Now the propositions submitted by the American delsgates would have boen in perfeet accord with this general declaration, They were: & #uret—I1t {4 the opinlon of this aasembly that it 1 not desirable that wilver ve excluded froor [ nd the United States, On ¢ 1] ubly bolteves 1t to be demraul that an unreutrained coluage af ailvos and it u #s money of unlinited legal-tonaer vhould e re- talned where they exist, and, as far as practicable, restored whiers tary have ceased (o oxiat, Seconit-~The nve 0f huth gold and aver s un. al-tender moey may be adopted, firs by equaliztne thens at s relation fxed by intors nationnl avreement, and, second, by 1umlnu to netal at the reiution fixed equal terma of ge, making no disceimination betwoen them. The Amwrican programme would bhavo prucluded (he genoral demonetization of silver which the Conferouce doprecated, and it is the only programuo which will furaish an enduring guarantee sgaiust wich a disas. tor, It Is probablu that France would readily have sgrecd to it, for ML Lrox Harv, the Freuch delegate and the Freuch Ministor of Finauce, avowed that France was auxiously awaiting the time when she could return to the unrestrictod coinage of silver. Austro- Hungary, Russia, Italy, Groece, indeod sll the Powers oxcept little Switzerland and Belgium, would have followed France in such an ogreement, so that the foconsequen. tial result of the Conferenco imnny be blamed upon the absence of Germany aud the jn. Huenco of Great Hritaln, Time will stiow whether Germany and Englaod can maintain toeir selfish policy of u gold stapdard for thewselves with a ailver or donble standard for ull other nations. QGenoany entered upon this policy under peculiar conditions. The French indemnity had flooded Germany with specle, and the superabundance for the time bewg, which led to over-speculation und panic, seemed to indicate that the natural supply of gold alons would be enough for the wants of Germany, But the Germau Goverameat has already found the task of buying up the silver a much larger contract ihan it ex. pected, and has shown signs of weakening by increasiug tho limit of subsidiary silver per eapita by 50 per cent. The balance of trado is against Germauy, and when the surplus silver shall havo Leen exhaustod s druin will begin ou Germany's gold. This may bring about a change of heart. Great Bntan's experienca is apt to be of the sawo kind, thougl itmsy not beinduced to abandon itd selfish policy till the general damonetiza. tion of silver shall bucows wmore wenacing, White Stocking Park. Lake shore, foot of Washington street. Champion- (ween the Lostont and Chicagos. SATURDAY, Greonbacks at the New York Stock Ex- chnugo yesterday closed at 993, AUGUST 381, 1878 Col. Mosny, of Confedernte guerrilla fame, and later the personsl Iriend of Gen. Gnaxt, has just been commissioned by President Haved na United Biates Consul at Hong Kong, a comfortnble aud desirable position, Beven millionn of gas dollara were yester- day withdeawn from use for purposcs of coummercial ballooning around the specula. tivo regions of Pittsburg. Tho operators in this highly attenuated mass of credit nnum. bered 104, and it is not possiblo that the lenders will ever got five cents on the dollar, on na avarago. Somo peopls having doubted that the drug called * ainchonu rubra* was & cure for tHo nicohiolic appetits, Dr. D'Uxaxn, tho discov- arer of the remedy, makes a proposition, which is published in nnother columun, that ought to be naccepted. Itis n severe test, and should settle tho question as tho ef- ficiency of the medicine, Thot a man should hold the bost-paying ofiica in the United States for many years,— anoffice throwing the Presidency of sn in- suranco compauy, or favings-bank, or evon a Teginterskip-iv-Bankruptey into the shade, —thot such o man shonld declare hims&if o liopeless bankrupt, a8 dill ex-Collootor Mon- ry, of New York City, yesterday, is ono of the painful phenomona attending the ox. travagant manfiex of life common among public men in largs «citics nowadays. The linbilitics of Tuoxas Mounesry, who so long sat at theright hand of Grawt, the Man of Success, and who onca was in daily receipt of about all the money ke could lug off, are put at $726,000, and it would seem as if notbingehort of the civil list of Louis Na. rorrox would keep such s man within u million of easy circumstances, IPROCITY IN AMERIQA. , Rocratary EvAnTs, it must be ncknowledged, attends faithfully and snccessfully to tho comtnercial responsibnlitios of the Depart. mont of State. 1lis systewn of Consular re. ports has been & mine of informatiun to the merchants and mannfacturers of this coun- try. Tho latest move of the Secrotary has been to bring the question of reciproclty with Canada bofore the Euglish and Caua. dians in & shapa they ace not able'to ignore. A correspondenco haa been opened with the British Foreign Office for the sottiement of the Ilalfax Fisheries awand, with tho real object, it s sald, of bringing forward the negotiation of a new recipracity treaty, The London press have taken to discussing the subject in oditorials of learned length and thundering sound. The Toronto Globe, of Aug. 28, - coutaius in full the articlo of the Loudon 7%mes. The 7'imen rvanches the lLeart of the thing in saying: *The oponing up of the widesproad market of the States would' doubtlees ba a groat advantage to producers in Canada”; and “what wo kuow with cortainty,” uays the Times, **i8 that the abolition of a customs line between Cauada and the States would be an excellent thing for both countrics,” Thesp edmissions are encased in a multitude of hos. tile ifs, but theve ia not much virtue {n these ifs, When the peoplo of the United States and Canada become satisfled that their sopa. rato interests and their mutual intorests will be farthered most by full and froo reciproc- ity, a way will easily be found to obtain it. The obstacles and objections cited by the British papors will diseppoar or be madeto disappear, Theanxiuty of the Canadiaus that theracont reciprocity treaty should be renewed was A proof of thelr apprecistion of the benofita of oxtendod cowmmercial rolations with the United Btates, The people of this country opposed the renswnl of that treaty, not because they were indifferent to the bencfits of Canadian trade, but be- cause thoy Lad got tired of a reciprocity treaty in which the reciprooity clauses had Loen omitted. If the Canadians want reci- procity they wnust give reciprocity, When thoy put themselves In that fair attitude, they will be fully moet by the peopls of the United States. England cannot help her. salf when the Canadians huve made up their minds to aét on the principle that *the opening of the widespread market of the States would be a great advantage o pro- duoers in Canada,” England cannot keep the two countries apart when they have re- solved *‘that the abolition of the customs. line between Canada aud the States would bo a great advantage tw both." Whean the public opinion of thq two coun- trivs bas reached that intelligdnt develop- ment it will move toward a customs-union as ocertainly a¢ the maguetic needle turns northward. 'I'ho objection that Uanada, as a dependency of Grout Britam, cannot give the United States an advantage that fs not given to otherpations to whom Great Britain is bound by the **wost-favored-nation clauss,” will hold ouly so long os the Dominion Provincea aud the United States canuot agres. When, perceiving Lheir great mautual advautage, they have agreed oo com. pletoe’ reciprocity, it will be pointed cut by the Caoadians to the lowme Govern- ment that they are no “nure bound by British foreign treaties, in aking which they bave no part, thag tli early American colonists were bound taxation without representation. The polnt, too, was abandoned when the Canadians oro alloweq to indulge in the lato reciproc- ity treaty, makiug with this country all kinds of special arrangements in which Fraoce, Germsny, and other *'favored na. tious” werw not included, An adjustwent of the differences between THE LONDON TIMES As if eurnged at the publicity that has been given to biz depredations upon humau life, * Yollow Jack” Las now turned his stteution to tho channels of newa ocullce. tion, and threntens soon to leave the world ut Yarge in iguorance of the condition of the unfortunates of the fover belt. Brave Tox Mansmary, the lust and only telograph op- erator left at Greneda, yesterday succumbed to the digense, and u similar fate has bo. fallen Tz Trisune's officient correspondent at Memphiy, Mr. Henvenr 8. Lasonua, city editor of the Avalanche, whose de. scriptious by telegraph and mail of the hiorrors of the plague in that city have been read with intonse interest. Both are among the “‘new canes™ of yesterdny, and Loth dleservs botlor of fate thau to be hereafter registared in the list of deaths. — The facta Lrought to the notico of the Government by o Trensury official who has recently returned from an investigating ox- peditivn along the Mexican border are of a saracter such ax to foreibly illustrats the necessity of a thorough and immediato read- Justment of the tariff rogulations botween the United States and Mexico, Tha report shows that smuggling i the rulo and duly- poying the excoption, tho customs offcials winking at it, sud public sentiment be. jug in favor of it, ‘Tho froest kind of free trade s in fact carrled on by the people on Loth sides of the line in detianee of the practically-prohibitive tariff imposed by Mexico upon the articles which the Americana Lave to soll, and the sa-called protective tariff upon the thinge which tho 'T'exana want to buy, 1t fa believed that vec- iprocity in trade relstlous would be the 1cost effoctive possible mode of settling the border question, Gen. Brrues, at the suggestion of a few JMussachusetts workingmen, has nominated himself candidate for Governor of that Btate. Thereupon he proceeds in a latter of several columns of fine priot to berate the professions! voliffclan and wire-worker and glonfy the great poople of swhich he desires to bacomo the Executive officer. The letter 4 docidedly refreshing reading when it is remewbered that it comes fromn the pen of & man who bns been s life.long secker after crumbs political, and who has not only lald himself upon the bosorn of the public many a timo aud oft, but has kept bis clalms before the poblic oye and his peculiar political tricks under the publio nose almost from kLis crudle up. Thie great reformer after Erausex's own beart, according to the plat. foruy which ho bas now builded, is no more & politicius, but a simple citizes, pos- sesaivg, it is true, rnther more of this world's goods than most of his fellow-slaves to capital, but st the same time one who proposes to take upon Limself great sacrifices, that the body politic nay becowe cleansed and renovated under the poteut influences of his master wind. ‘I'ie General desireg it to be made known of all workingnen that Le is with them, is oue ©f them. wnd bus cast his lines in their resolutionas {eoss ot venes fo make rality of that party, which, duriug eleven years of in nccepting the somewhnt ungrateful task of playing secoud fiddle to Mr. Tiupex, re- and onr natlonal cnrrenc) medinm of exchange untll it shall be convertible at the pleasurc of tho holder. 'Tho determination of the Democratic party onthis subject has now been dintinetly declared. drance put in the way of a return to specie-pay- {rouble is that Le is wrong now. entirely with the declarations of tho De- mocrnoy then ; but, knowing the tondency of ercise s much gisoretion as he should, and cexpressod himself too emphatically. When Be said that ** gold and silver are the stand. ol of valuos," and that * thero must be no hindrances put in the way of a return to spoclo-payments,” it waa woll onough as a candidato for Vice-President in 1876, but we fenr it i5 fatal to all aspirntiona for the Dem. ocratic nomination in 1880 of the West and Houth, from whom Mr. Hexpnicks wonld reccive the nomination, it it should come at al, do not now beliove in gold and silver, and, 30 for from demanding that there shall ba **no hindrance put in the .way of a raturn to specie-payments,” they demand that the law providing for resnmp- tion shall be repenled. The Democrata gen- erally are in favor of flal money, pure and sjmple, scarcely cara to take up with a man who hias so Liantly declared in favor of real money. 1t may be said that Mr, Hexnpricks Is as agile & mau na there is in the party, and that he cau straddle as far and’ flop as completely as Mr. THURMAN or any other man. trouble is that Dr. TrnomMaN took time by the forelock, and made up bis mind to flop long before Mrxprioxs had a chance, Wo fear now that flopping won't do Hex. pricks auy good. Trunsax has put himsulf in complete sympathy with the ** Ohio idee,” and, it Hexoaicxs should attompt to do so, Lo would merely be taunted with arriving too late., 8 Dehind in any soramble for office, but it looks very much as though he has Leen dis- consented to run sccond to TiLoey in 1876, he might ba in a bettor position to nccom. modate himsolf to the prosent Democratio exactions, for then he would not have given utterance to any sentiment so convicting as that we have quoted. 1f tliv Democrats go autside of Ohio to find & represeutative of Canadian and American internal-reventuo taxes and Canadian and Ameriean tariff duties ean bo achieved, if it is wanted. The Zimes nakn it the Washington Government has thought that **if Canada and the ‘Btates’ aro to bo fused for frade purposes they must have a common postal rRystem.” Inasmnch s the two conntries already have a common postal system, tho Washington Government has not probably laid awake nights over that obstacle to reciprocity. QGoing over the gronnd laboridusly ten- vorsed by the Zimer fu its arguments that Canndn is bonnd by trade treaties Great Britain makes with foreign countries without her consent, and that the excise daties on beer and whisky and tariffs of Canada and thie United States canuot be harmonized, it iscnsy to sco that tho London Zimes has given away its case In admitting that reci. procity *“would be an excellent thing for both countries,” That is true, and, as it is true, reciprocity sooner or Iater mnst come, simply becanse it will bo to the mutual ad- vantage of both countries. We are willingto admit that mutual concessions must be made. The American tanf and internal. revenuo system, ns well os the Canadian tarif and internal-rovemuo ayatom, must be modified to meet on a common ground. Dnt when the Americans and Canadians make up their minds that they must have fnll reciprocity, it will astonisl: the London Times how quickly all the obstrnctions which it 80 laboriously conjures up will melt away and disappear. BENDRICKS COMMITTED T0O RESUMPTION, It has generally been supposed that Gov. Hexpricrs wonld be the moat comspic. nous candidato for the Presidential nom- ination beforo the mext Democratic Couvention, but recent events, and notably the completo flop of Senator Truna, bave materinlly diminished the chances of the Indiana man, Perhaps some people will remember that Hevpnicks, having failed to secure the nomination for President from the Democratic Convention of 1876, ac- copted the gecond placa on the ticket when the Tmpex Convention throw it to him. The financial mood of the Democratic party at that time was expressed in the following We denoance the failura for all these eleven Food the promiso of the cgal-lenger notes, Which ara a chanuing standard of valge In tho hande of the peaple, and the non. payment of whicn Is a disregardof the plighted Talth of tbo nation. We denounce tho financisl Imbeellity and immo- eace, has made noadvance toward specio-resump- lon. no prevaration for resumption, but nstead lina obstructea resumption. Br, Hexpuicks took tho key from this, and, echoed the sound as follows: Gold and wrlveraro the realstandard of valnes, will ot be a perfect ‘There should be no hin- menta. Now Hexpnicks was all right in 1876; the 1o agreed the Democratio party to flop, Le did not ox- Che Democrats In this frame of mind they will But the It is unlike IisNpDricks to be tauced in the present race, If Lie hadn't the *Ohlio idee,” thcy are more likely to take up Voonnxes than Hexpricks, notwith. standing the Jatter's capacity for straddling. A ROYAL BANKRUPT, The Khedive of Egypt has at last snc- cumbed to the force of circumstances and Joined the graud caravan that proceeds to ke pale vealms of bankruptey. His name does not figure in the printed list of conrts; Lis schodules nre not the wmaerial for gos. uip; hiw proprietary interest in the Cleo- patra needles, the Pyramids, the Sphiux, numerons interesting ruins, the bones of iunumerable Pharsohs, and the mummies of immemonal Theban Princesses, arv not sel down amoug sssetd of a fixed cash value; his name does not appear upon accommoda. tion paper; thers is no record te show how mach te owes his grocer, butcher, or tailor still, every indication sbows that he 15 1n oankruptoy. Ile has cat his army dowu by weeding out costly parasites, and the other day set adrilt a raft of American Browx Pasbas and Sty Pashas, who were more ornamental than useful. He hes turned iu his real cstate,~about 450, 0¢0 acros, comprised in the Daus, upon which he owes $25,000,000, with intereat at 10 por cent,—and there are nuicerous holders of unproductivo real os- tate in Chicago who wil} sympathize with him uy a land-holder, He has also turned over all his extra palaces, reserving only his homestead, and placed the most of bis reve. nues at the disposal of his creditors. EFrance and England accordingly have formed s syndicato to adminlster upon his affoirs, and the first step of the syodicate has been the appointment of Nrman Pasha as President of the Councll, aud Mr, Kivezs Witsoy as Minister of Fiuance. Iu reality, Nusan Pasha is Kbedive snd Mr. Wuson Receiver. The Khedive has made a royal failure. His own persoual jndebtedness, although Le bad several millions of revemue, is nearly 70,000,000, and upon the top of this his country bas a debt of nearly §400,000,000, of ennuchs and flocks of dancing girls, set gret the good times ho has had. similarity botweon greenbacks and the pro- posed flat, and arrives at tho conclusion that ROYH: Jega-tender for the purposes of money, 'They eEna atgied ‘einwlnl loticy, s but 'they wers moy real money, Jla of tho war power. lican daddies of the flat Ptlnnhfllck exorciscd in 1842, by lssuing more flal tican ‘*prees and orstors™ only say to this the Itovualican party und the Fiat party unon the principle ot tho foundation of the fiat-money scheme. It only ralses & question na to the nwount of tna flat muney whieh the war powor shail issue andkeep in eirculation, 1t is only the old question of inflatlng or not iuflating the volumu of fint money by the war pow men s & very great oue: it would bodifficult to imngiue a groater, : tweon gold and gas; between nctual values and fiction. professea to see no distinction of sim or fact, but thero are none %o blind as thoss who re- fuse to see, differeuce between ssuing legal-tonder notes in time of war ungler the war power, and is- suing fiat serip {n time of poace without any war-power'suthority. hend how a * war power " can be employed in time of peace to perform an act whick i» unconstitutional if done in time of peace. issue Jegal-lender papor. issued 400 millions of forced notvs and do- clared them legal-tonder, and at the sam. fimit named, except by 50 willions for tem. porary purposes, which were to be and weru spoedily retired.. Here to the Jews and borrowing money whenever “a': \"Y"fllflt: T i Mr, Tlowltt = ho wanted it and paying nny futerest they | wqurionca that 1 the wiore thine were tneawn might nsk, and as he was always in want of :;m‘x m..: |.l!-‘:.lx|ncll:"|.\in|:;:l‘ :m"llitl(‘«;‘nm -‘lrnl.:nwxmnhgml Fi s " ] o i o money bis visits to lh’n Jn\(\')n werlv;tylmtlhko “..',M'\?‘.‘;.Mm e ety Al eb those of the angels. ne tle ftem | mfreoteader, of hinozpenten was 887,100,000, which | pmica R TR 5 D been ho sunk in the swamps of tha Snez | Mr. THewitt—Then how do you expisin the de. Canal. He was an esthetio spondthrift, In Efl;c‘::‘u?:‘:"uf: E;’:'\::'::d:thfi:'i ':c:ntvr’fl :‘Lnfloxr':‘n:n’mfii " . order to cope with tho Eutopean sovoreigns | efgnd R OLOM L1y ot trao that our exporta o built himself u magnificent opera-honse, !.-‘r ytur\l\'lcru‘.:m.l(cr m \'x'»ul\mu“nn‘d'InAvnlrw”Ih;rr; and ordored the composers to writo operas | Lefaru? How do you explaln thal B for him. One of theso commissions gavo "‘I’r'mlrcl::l‘hf_m\n e ato one eaky .nahlm pow VERDI $100,000 for * Alda."” He paid §45,000 || avinzlerits A, Taateabontities tho saliors for o woman becauso sho happened lollm When Secrotary SIENMAY stated that instead prolty. This will at once be condemned a3 | of a billlon bonds being held abroad there aro amost reckless investment by any studont | now less than three humired millions, hoshowed of domestic finance. As a rule, lovely woman :M'- ‘mt‘"l:xw uln);lmz !m;1 In d“t‘ h'uru-. \:e . = have sent abroad large shipments of exports, :.:1:::i‘uonl:)oo::u:;m:;l‘(‘l’mil:"l::)lmc‘:::n::-: and got our honds back fn return. It Is I.h; e reat dubt contracted!s ting down the Slave- marringe-fee. What tha expense of a 315,000 K ebt contracted in puttiog charming creaturs must be can bo faiutly imagined. The gay Khedive also kept open louse for all the opera peopls, thd opera- bouffo goddesses, nnd grand ladies from abrond, and gave them maguificent dinners withont caring the snap of his finger for tho oxpbnee, The moment he got to the bottom holders® Rebelllon that keeps us under the harrow. Another extractfrom Mr. MARSTALL'S of his pile ho could mortgage n few Pliaraohs or pass ovors Pyramid as collatorsl, and testimony s worth printing: thus at tho revel of the Nile ho was’thcre il He hnd a very 1rresponsible way of going ! cerning the decay of Amerlcan shipping. v Mr, Hewltt—Does your capital pay at present? the while. . =N0; we tin it for the bonefit of the lahorer, will et my shipe go for half of 1 per cent broft. 1€ we lay our ships up wo loso more than e de to keep them afioac and running. We are itke the man having hold of the tiger's tail—~he will be killed If he hold» on and it's deathto Jet go, Tav Iaborer han the beneRt of 4 Targo capital on which he paya no Interest whataver. ‘These **bloated capitalists ** feel the depres- sion of business quite as much as auy other class of people, and, while they do not suffer for the neccesaries of lifo, thoy still sustaln ‘The Khedive, howaver, is now as flat as 8 | Jorze Josses n the way that Mr. MARSHALL door-nail, ‘The syndicate has him in its | points vut. clutches, His bondholders ara watching nil his comings in and goings out. His eredit is of no account. MHis note of hand would be regorded as a pleasant fiction in any bank. He lins nothing more to spout among the royal pawnbrokers. Thoro ero no moro $475,000 women and $100,000 operas for him, and, if ever the Bhorif sells him ont, these, and other luxuriea may be bought cheop. Financially, he ia of no more ac. count than the mummy who taok in washing in Thobes twenty-five conturies ago. As ho has got down to Lard-pan, e will probably lavo to live horeafter very economically, give up the good times and jamborees with the feativo prima donnas, discharge Lis herds m— At Lakoe Oteczo the other day thers was a lively Inttle episode, In which n martied woman flonrished a plstal {n the face of her husband, who was just then in company with another mood-lookiug female. The husband took in tho situatfon by lustinet, aud cried out, *Don't enoot nie, datling,” and the Irate wife, thinking better of it, let him off. She now confesses that there waa no real cause for the hostile demonstration, and is filled with fruitless re- gret that she made such an exhibition of hew- seil. However, the exoresslon of the fright- ened husband (consclence makes cowards of us all) is likely to becomo & popular phrase. aud we wil soon hear the boys ou the strects sing- ing snatchies of that popular melody entitled “yon't Shoot Me, Darllug,” as we now bear them siugiog “Shoo-fiy** and *Sweet By-and- " lis mistressos adrift, and support his own | B family, if he hasone, With that optimism which is pecnliar to Egyption philosophy, he will console himself, iowever, with the re- flection that it might be worse, and not re- ———— It they do thelr duty, every Christlan minis- ter fn Chicago to-morrow will tako up s collec- tion tould the suffering people In the fever- stricken districts of the Bouth. The best and nbout the only avatlable ald that wo can send theim now Is cash, and this ought to go forward at once In no stinted sums, The most efileacious prager thbat the bestof us can utter s in tho shape of a greenback, for that, if it s too late to buy meaicine and procure tho assiatunce of nurses and physiclaus, wilt ac least purchase a cofllo and pay tor the undertaker’a services. In this case, * 1o prayeth best who giveth most,” and while we fervently pray that Gob may streteh forth His Almighty hand and stay the terrible scourge, let us prove our faith by our works and give liberallv. 1t is materfal ald that those poor people need the most nuw. L —————— The phonograph that Is on exhibitlon oppo- site to Tue TRIDUNE oflice s for ssle,—at least all our right, title, interest, e cet,, what- ever that may be, can be had cheap it hnme- diate application be made. For slx mortal weeks it has shouted “ Whoa, Emma,’” * I'm Capt. Jinks of tho Hoss Marines,” ‘*“The Last Rose of Summer,” * Sweet By-and-By," and other famillar songs and specches, until the nelghiborhood Is willing tor pay llberatly for achange, It is undoubtedly a great lnventlon and ought to be scen by everybody, and It I8 to give others & chance that we hope it whl o **move on.'' [The proprictor of that maghine will please call at Tug TrinuNg counting-room and pay for this notice at the usuul rates.] GREENBACKS AND FIAT. Prof. Stoner undertakes to describo n they are in all cssentials the same. He The Tepubligan party chicfa lasued o pleco of paper, represchiing not worth but the abscnce of wortn, and by & ffat of the war power made them They wero made money only by the Thn fatists Row pronose ‘to cxcrcise aguln the war power which the Repub. monoy. The Itepub- proposition: Noi let uw not nee tho war power to stue moro flat nioney, but let us wko the war power 10 relasue and keep up the supply of fiat nuney to tho fall amaunt alceady Issuce, This 18 no opposttion to tha tlatlet project of using the war power to make fiat money: 1t is anly op- posltion to ming it %0 extensively as the Gatlste think they woold Hke. It makes no jssug between Retweon the Hepublican party spokesmen and the Flat-gioncy spokesmen, there i3 no othor quostion In controvarsy. The question in controversy belween the Republican spokésmon and the Fiat spokes- Tho Boston Adverilser wops over Bex BotLun rough-sliod. Iv says that * e, if anvbody, knows all the resources of political blackmail{ + + * that he has sont out the story that his ngents were intiimldated by violenco, * ¢ « aud that hio will probably ask the Demncratic Congresa toappoint an investizating committee, which would atford him a happy opportunity to haut before it, to bo (nasulted, tho men who did not vote for himn,” It adds that * The campalen 18 likely to be noisy, blustering, and unoleasant; everything is, If BUrLER has anything to do withit. Hut Republicans have only to do their duty without confusion or neglect, and o great calm will follow the storm.” R — The 1-0.-U. does not scom to have much respect for the dignity of tho editorial profes. alon, 8pesking of a certaln distingulshed poli- ticlan and ex-member of Congress, 1t sava that “ho would make an excellent newspaper-paraz- rapher,” but it has Its serlous doubts If * ho 18 tne best man for Congress.” Tho honorable geutleman might possibly doas o parageaphist ou the IL.-0.-U.,—almost anybody would,~but there are newspaper offices—and modesty for- bids us to be more explivit—that woula never vut up with such Jour’s work us the averags AL C. 15 capable of doing. —————— 1t is the differenco bo- The professor of the Z'{mes Most people supposs thero ia an essentin! Mont people flud it impossible to compre- It fiat serip can bo fusued and maden legal-tondor in time of peace, then it wan not nooesaary to invoke the war power to For the purposs of saving the Union and the Constitution from deatruction, Conyross time mado o solemn promise to the public oreditors and the peoplo that the non.futer. vat legal-tondor notes shiould not oxceed the Gen, Dexxts Knamey Caur, of Ollo, has struck for pigher wagcs, liko some of the other sons of toll, The'General went nto Michigan 1o belp emancipate labor at $23 & speech, but be now usks the flat Michicanders to ralse his pay to $333 for every public exhibition that he tmakes of himself,—thred speeches lfor a hune dred dollars, fostead of four, But as the **lech. erous bondholders " have wot those poor peopls. by the throat, and are supking thelr lfe-blood like 80 many vampires, the only way to get ro- leased is to pay CARY the advauced prico for his Yreform? specches. Congrens issued those legal-tenders fu the form of promises to pay to tho bearer * dol. Inrs,” meaning com mouey, It was lmpossi. blo to redeem the note while the War pro. gruossed, and therelore no day cortain was sixed for their redemption, but good fmth re. quired that it be done as soon as practicable, An aot was passed by Congress, March 18, 18G9, which rends: ** And the United States ulso solemuly pledges its faith to make pro. vision at the earliost possible period for the redomption of the United Htates mnote, (greenbacks) in coin,” On the 14th of Jaun. ury, 1875, nootlor act was passed that ¢ On and ufter the. 1st day of Junuary, 1879, the Hecretary of the Treasury shall redeem 1. coiu the Unitod Sthtes legal-tender notes then outstanding, on their preseutation tor vedemption At the oftice of the Assistunt ‘Iroasurer of the United States in the City of New York, in sumns of not less thau $50," Huck 18 the charscter and limit of the war notes issued by the Republicans, But the Fiat party Jave auotber kind of money in view. They proposu to issue uulimited quantities of Bat scrip, never to be redeemed, uever to promise redemption, The scrip iy vot to be of the uature of notes at sl Notes are promises to pay money, ‘The flat. {sts call theiz serip money itself that needs no redemption any more thau a gold dollar, It Is not to be lssued only in time of war or by virtne of any war power of Congress, but in time of peace, regardless of the Con. stitution or the decrees of the Buprewn Court, and without any other linut pd to quaztity tban the discretion of the flat demo- ugues who may be running for Congress and fisbing for popularity among the Communlistic rabble, who will bo brawliug for * more fiat " as long as it is worth a cent a reaw. The difference between greenbacks and fiat v a8 wido asunder a¢ the poles. The oune is equivalent to cash; the other of chimera, 'Tho one is redeemable in real wioney ; the other not even in moonbeams. et—— Unless bie changes his mind duriniz the next two years, there 13 but o very alight proapect of wetting the editor of the Montgomery (Ala) Advertiser tosupport Gen. GrANT for a third termn, Inhis Just oditorial he hnplores the Democrats to do thelr duty, becauso—~ Al things point o GiaxT au the Iadical nomi- nee, aud everviiing should Lo suberdinaled lo et(ing & majurity 1n the Congress (o proventhis twing unfaitly cousted in, i tase bo 19 defeated nd tavks waa, 10 e ever gets uto the chuir azain, we do bot bellove ho will e voluntasily retire trem §t, and the lbert people wiil be forever gune. e — Among thocreditors of FRANKLIN W. Brooxs, braker, No. 316 Broadway, New York, who re- cently led a petition in baukruptcy, appear the names of twa prominent Wisconsiu politicians, ex-3unator MATT H, CARPENTZR for the sum of §2,300, ond ex-Cougressinat CHARLES A, EL- DRIDOX for $10,500, Were these old coons speé- ulating tn gald, or stocks, or what { e e Just now the Oblo stump stands considerably ligher than sny other political stuwp in the Unfow. With SHERMAN, (lakpisLp, Fosteg, \WesT, and vther able inea on Jt, it will give the key-note to tue campalgn in other States. Itisa Lig tniog 1o be an Obio wmau (it yon wanty oftice)s Bzasts TusNER svpeared fu the character of Juliu, @ maid, at the fitst production of * A Cel. ebrated Case " In Brooklyn on Monday evenlog. But it was vot Brusie's first appeasance (n Y cejebruted ” Brookiyn *“case™ as amald, She Lad been there befor e —— The Janesville Guzetlfe complaing that §Tna TRIBUNB 14 sometimes a little rough on * the pubse wen of Wisconsin,? What does it think of the slilwaukeo Dally Jurphey's method of treating the politiciaus of tbat Btatel We pause for u reply. s - et ———— Dana says he waots no Kiog fo New York; but we fancy he woutdn's object I bo could ba King bimsell, . ————— Bome Ufstorical newspaper«ditor, who would rather be rigbt than bo President, quutes from Jouy SuzuuAN'S specch in 1803, whereln be 1t s comlorting to kuow that Mr, Hewiry's Committee occuslonslly gets hold of & witness tnat 1 not a natural-boru fool. Thus far the idiots have outoumbered the practical tuen of sense, but the other day Mr. Cuanezs H. Man- 8HALL, chief owner of the Black Ball Ilne of packets, gave o bis testiuouy soww fdeay cous -Lake Superior, reports $30,000 worth of ! says the Government bonds onght to be patd 1y greenbacks, Toesn't the fdfot know thatthap way ten sears ago, ani that no Ohio may can huty - hls zalt ns long s that withont a breok? oy ot THURMAN. Besldes, I JORS 19 only rigny now, what matters how o stood then? What care T swhom he laved before, Ro that hie oves me now? & e et — e It 1s currently reported that Mr, @By Tosrnor will advance the price of his wagkjy JDemocrat to five dollars @ year. Ttis printey for tho benetit of the poor, and s devoted 1o the charitabie work of emancipating labor, In the current number of the North American Jeeview, the Hon. Qgonum W. Juiiay, of Tndiana, nsks, ** 1a the Reformer Any Tonger Needed) Well, no, Georce; not such reformers py you ore. - e — - ‘There won't be any Irish babies named Dry. Nts O'KEsRNET In Chicago this year, nor nexp, i e Bt g PERSONALS, The question of the hour—the one hour of Grant. Hoy~hay-fever—shows which way (b nore blaws, I'ho Hewitt Committes has overworked 5 good many of the workingmen of New York, Green npplos ara fast getting ripe, and several small bays may be too lute for thele annug) colie, Mrs. Tilton's approaching book might bg called ‘‘Innocence Abroad,''—s& good waye abroad. Tho Shah of Persia has ninety wives; but he can afford it, for spring bonnets are not known in his country. The gnestion whether the trade dollar is lcgal-tender appears to be s lender point with sev. cral Congressmen, A religious paper says there must be losy levity in the pulpit. There must firetbo leas Tale wage In the pulpit. ‘What 'fitdon and compnny failed in, Yel. low Jack In evidently trylng 10 do, viz. : steal the Stato of Louisiana. It ianot true that Kearney travels in a coitie-car. The cattie have oo much decency and welf-respect to atand it. Spenking of Anderson, sn_oxchange says, ¢ Tho vilest sinner may retarn, *'—not to bia slns, let us respecttolly Lope, My, Edison is said to be religious, but it does not appear that ho hasrepented of his Freuch. Tiorn-plsying phonograph. Wo trust that the toolness between Butler and Kearney may extend to the Sonth and stay the ravuges of the ycllow fever, Goorgo Eliot hins never bnd a photograph taken, and fndoed hor writiogs show that shels nota '‘negative” character, At tho latest acconnts Stanloy MMatthows hsd cbserved that the pen is mightlor than the aword—to cut a man's hiead off, *The game of polo,” says the Graphic, *is contaglous.” And this, too, while tho yellow fever aud the pronograph presail so dreadtully. Gen, Hooker calls Heaven to be his wit. ness that he fought & battle nbove tho clonds. And [ inly nobody below the ¢clouds could have seen it. Notwithstanding the painful announce. ment that thero are no reserved seats In Heaven, e aro assured that Mr. Tilden stlli relleson hls *ebar). " The 8t, Louls Globe-Democrat howls for one hour of Grant; but really, now, so short atime wonldn't give tho good Descon McKee another chsoce. . Theodore 'Thomas will soon abandon New Yotk and reside thereafter In Cinclanath, Mrn ‘Thomaa 1 §n the inusic line, andnot in the pork o beer line, . Mr, Tildon ought to make n «tour of the Bouth at this time, Heo might endear himeelf to thot section of the country. He might aleoget the yellow fever. Carl Schurz is going to spend a few days at Long Branch, and the prudent and careful shark will avold b1y leza. Those are the lega that o shark might split oh. v The Knights of Pythins, at Toledo, the other day, had a high old time, Is It wrong to infor frem this that thore were more than **Ten Knights in & Bar-room" It now appears that England took possss- slon of Cyprus in_order to beat this country in one thing, ot jeast. That ialatd proguces bigger mos quitoes than New Jersoy. Ediron, we lenrn from an exchange, re- cefven a good many begging lettors, —begging him 10 invent no more phonographs which ¢an play the French horn, we suppose. Gen. Custer's statue at West Point will represent the gallsnt cavalryman with ahort. cropped halr, Is this ont of respect to the sevsls tive feelings of Sitting Bull? Dr, Holland says that ho has ays had & steady diet of dotraction. Just so; but If he doesn’'t relfsh It why doesn’t he take Stanioy Mate tuews' advice and carefully avold pea and Ink. Tho phrage *‘neat cattle,” usod in one of Mr. Msnton Marble's cipher dlspatclies, Derhaps referato Mr, Horne, one ef the late Polter wit- We merely throw this out os & suggestiou. William Shakspearo livea in Michigan and iss Domocrat. Wa will adwit that Shakspeare lo & clever writer, but it appears he is not to e truated In his politics, And peeliaps Hacon wrote those plays. 7 Previous to this yoar thesnegroes of the Bouth had never been ablo to mcqnire tuo yellow fover. But we trust that thelr ability to get it this wcason cannot be attriduted to the President's Houtheru policy, 1t was reported s few days ago that Eu. gonle was about to perpetrate matrimony, She has not doue so, bus has, In the meanwnile, ac- complished the gout. Evidently this good womas telleves In tho old ,adsge, **Of two evlls, chooss the least:" Mr. Vanderbilt, in a talk with a New York reporier, predicts & fargy grain-carrying business for the cansls, 1twould not be surprising, in view of this, if the canal-men were expecting a cuiting down uf railroad rates which would take tho eu- tire busluess oat of their hands. Mr. Vaoderbih &onvrally looks out tar No. 100,000,000, e e—— NO AUGUST CORNER. Spectal Disputch to The Tribuns. Mirwavsze, Wis, Aug. 80.—There waa & Httle flursy sud excitement on 'Change this morning, which continued 10 the close. The warket upened stroug, frm, and with auadvanee, but was sold down by heavy ollerings un all the options by Aogus Smith, McUeoch put o an appearanco when the market was weakesty and bid up October options 1o Di34c, at which shey closed, with 953ge for Bep- tember, and cash wheat nomiual atv7e. To- morrow fs scttlug-day, and au afternven Board will be hetd. 1 fact, deals bave taken placo as regularly during the afterucon vacatious siuce July 20 as during the regular time on Next month afternoon Boards wiil be held a» usual. ‘The corner for August whivn was ag- icipated has dissppeared. SILVER. Apecial Dispalch 10 The Tridune, 87, Patt, Mivg., Aug. 80.—Thomus Daws, of this city, just returned from the north shore of ver ore taken out in four days at Silver lulet, and ora estimated at over $500,000 uncovered at the forty-fathomn level. Ho also reports the discor- ery of a stver veiu on Bpar Islaud, tweaty-four miiles weat of Bllver Inlet, tho surface of Which was wonderfully rich and the ore Linproving v tho yein §a opened; also, that the lost vela of tue Duucan wiine, un the malnland, has beeo ré~ discovered by dismond dnilling. e KIMPTON SET FREE. Bpecial Dianaich 10 Tha Tribuns. Boston, Aug, 80.—Gov. Rice sent a letter to Wado Hampton to-day, declintng to deliver up Hirem Kiwpton, for the reason that, in bis judgment, the purpose of the requisition L other and different from that of tho trisl of tbe alieged offender upon the Indictieus which was made » part of the requisition, He sayd his actiou f lu aecordauce with the practice of bis predoveasors Uuder almilar circusstances. Kimpion was relessed frowm Jail tuls atteruovie