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

THE CHICAGO TRIBUNE: Ho would be the cnse in Hiinois if we had Ingislativo intelligence capablo of wnder- standing the iniquity and oppressive eharne- ter of our Iaws. 'The revenne law of Ilinois proceeds wupon {ho theory thnt the man who has $100 to lend is n mnlefactor, who is necessarily in lengue with the Evil One and dangerons to publio morals. 'The law provides that if two, four, or six men shall combine their means, purchaso land, erect Lnildings, pro. vida machinery, pnrchase raw material, and omploy 500 workmen to prodnce goods to be sald, such combination is such n menace to publio liberly, such a wicked design to en- #lavo the pdoplo and corrnpt the morals of the Btate, as calls for the vigorous interposi- tion of the taxing power, to tho end that these mon shall be taxed ont of business, their property confisonted, the indnstry SATURD and be ** absolute " fiat money. Tha proc- esa of amending the Gonstitution is n simple one, if tho people of the rcvernl Htntes consent thereto. 'The proposed amendmonts require, first, the concureencen of two-thirds of tho members of both Honses of Congress, and, nmext, ratifiention by the Leg- islatnres of threefonrths of all the States of tho Union, Throngh amend- ments of tho Constitution it s possi. Dble to logaliza this' sdhome of ** absolute pa- per moncy,” demonghize gold and sjlver, or make almost any other chango in the finan- cial or political form of the Government. Becing the dangss of conferring power on Congress nt overy aession to incrensn or diminish the amotnt of fiat papor money in cirenlation, Gen. Borues proposes to fix in the Constitution : permanently o specific nmonnt of serip per .eapita of tho popula- T ——— e e " should produce a new issua of legal-fender ! percontible offect on their purchastog power. | been subjected to mnca the dark shadow of the Government notes in excesn of the #400,. | Cofn bullion would continun to mensurs the ex- | ¢ gpont transeresaton ' fell ncross his vathway 400,000 Timit, ns Prof. Stoney feams to think, ;‘l‘llnvcxll»l:!" fi:h«'fia ;‘f] t::‘:"l‘.‘uzvnml!'rlm;qr' nm: of life, TMI4 last words to theso” newlyanaly A wl. F and, and rehasing power of paper | grionds wero both compliuentary and - Liuleed, Uip fnt,thet ol Foar. mppotted | (L0E0N B0 I AT Ia e poveer al Dapce datlier Pty pore the Ewisa bill for tho substitution of 3 ; ke worth iIn the preclous metals, at that rate it Agaln Tretarn to yau my most hearty thanka for T'ransury notes (not logal-fonder) would fn- | yweuta purchasa othor things, and it tho flat Jour reeting, and_ for the veey kind” hosnitaiicy dieate that he had no such project In his | paper dollar boenmo worth nothing fo demono- Tioreow rotar s pon 6ot fAF shotce. "ol mind. That bill provided for tho fsmo of | tieed cain, It would buy nothing clee. Goldaad | neain.” May son Seriei s Almighty T e Treasury notes, which should bo recaivable | sllver as standnrds of exchanze can never bo nan iiie gent Bt "fIQI‘o’l";m‘ln-m«;‘rr‘urm Yonr in pnyment of all taxes, exciscs, debts, and ;}:;:W:"-;‘I'l “""’I‘I"n'“ rAr :':r;‘:z:;;l::‘l'{‘::“"‘zd ::‘r;x‘ smmor o wdeetn e n gol o idea, un- | your soil, the domanda of overy kind dus fo the Unitel | roin Toul s AtFer b o, me intrinsle valo fa | YO nrouianta; (hat wach 108 moe with ] 1 Atates, but did not provide thnt thoy shonld substitated. It a busliel of wheut or bag of :-'l;rnl'.' with you; tne Whiclt 188, M ity i g w bon legal-tonder for tho discharge of pri- cornwassubstituted for thasilvor or gold dollar, | but & scraggy trea with s -I\rnr'm"m: " vatodabts to ollizana; on the contrary, it | then tho now doltar would have tho exchango: X eator ror alns ot und_ma oxpreasly stipulated that * said Treasury: | ablo valus or purchasing power of efther of May h 5 f " notes shall bo oxchangeablo at par for United Btatos legal-tonder notes at the option of the Jolder.” Bueh Tronsury notes might e is- eucd in lieu of bank notes, and the legal-ton- dor Troasury notes (the groenbacks) wonld A epirited warfare agninst ths Democratic @r‘ibn‘xc. registration frands in Now Orlenns, Evi. dently tho Lonisiana Bourbona ars to have thelr hands fall this fall. F SURSCRIPTION, An afternoon paper of the hornet vatiety has beon endeavoring to secnre a little fleet- ing notoriety by asaniling the Citizens' Com- mittes to whom is intrnsted the monay snb- seribed for the relief of the yellow-fever suf- ferers. The Committee is in daily commu. nication with the managars of tha Howard and other rellef associations in the Sonth, and funds are forwarded sufficient {o meet the omergencles reported. Winter is fast approaching, and thousands of tho poorer clasges will meed nssistance,—witl have to be earried along until business resumes itg former channels. To iake care of theso people will require alarge sum of ome cony, per ye Cnbnt foar. . Epecimen coples sent free. Give Post-Uflice address (a full, Jocluding State and ceunty, Hemittances may be made elther by drafe, express, Tost-Uttice order, or In registerrd letter. at our risx. TERME TO CITT SURACRIDERS. Datty, delivered, funday excepted, 23 centa par week, Datiy. delivered, Enndey luciuled, 30 cents per week. Addrees TILE TRINUNR COMPANT, Cerner Madison and Dearborn-sta.. Chtcago, 111, Ordets {or the delfvery of Trie TRIRUXE at Kvanston, rel i d nnlr.g mnlcn ool mhu- of uu.; Eastern Sty . | havein Californln 8 growth a4 geeat nnd e ey ¢ ;‘;HIGI‘IING into novaluabls """i" and redecma: fizeater thian in onr” soll as the wec.id any oinrty ¢ In nothing, can have no velue.attachied to | fiave, and may that sun whlch brines 1o yoa a)) it, and hence would exchange for nothing. The | cheor and ail hounty, snd all civilization from ol . + | ernatlosts, whon it teaves yon awd teaveln on, gy, whole paper-fiat scheme §s ridiculous nonscuso; feom you An example fo the vy 0 that elvilization and thal those quantities of graln. But n pteco of paper, | have slands of *at, ang ‘ " henice 1ts ndvouates are property described as | to ather natlons on otner confinenta of ro- Englewood, snd fiyde Parg (eft In the counting-room money, and if the contributions already | broken up, and the workmen disbanded. | tion. Thus, taking our population to be | stillbe the oxclusive papor money " of the | upgy fools,) rplendent civilization founded 10 Jistice, bullt wy Tires sl mnired bo exponded lavishly, thore will be | And the Legislature of Tilinois, at [ 45,000,000, the total nmonnt of logal-tendor, | country, and still within the war Nt of S ———— i Lani the ) c‘:‘q‘n’.‘&".'3}.'"('355‘.?‘31e‘.‘.‘n‘;i::‘é‘r.".,“.%.';h TRIBUX 11 OF FICES, nothing left when the actual pinch of starve- | cach recurring session, aflrms the | 8bsolute, and irredeemablo paper money | $400,000,000, T0 the £ditar ar ThE Tribunt. lonk upon yuu and abide with soa forover mare. Avnona, 111, Bapt. 13, ~The Chicago Jonrnal #aya: **The flat of the Government gives fo paver maon 1 Lho purchasing power it possosaue, not that funny? [Yes,| You prabably o not o change with the ofd concern. [Yes,] “The renders Of Tun ‘TRIRUNK know that the parchiaing power of papet monoy comes from the promina to pay, from ‘the bolfef In resumption. [Yes. ey know thnt the fla? has littlo to do with b, [Yes. | It may with”sonie superilcinl Plaustbilicy be clatimed that. in reaard to alive,, the fat power smonnia to the difference hetween the prico of bullion and coin, but I 'doubt sven this, [We, :fio.] ‘ThE Cwicano TRIRCRE bas establlshed hranch offices for the recelnt of subscriptions and sdvertisements a4 follows: NEW TORR—TRoom 29 7vidune Bufiding. F.T.Mc- Fauoxy, Manager, TARIF, France—~No, 16 Tiue de Is Grange-Bateliere. t It Mantxw, Agent. LONDON, Eng.~American Exchange, 419 Strand. Jizany P. GisLia, Agent. BAN FRANCIBCO. Cal, tion comes. In view of this fact, the Com. mittee is doing wisely in prudently manag. ing the funds intrnsted to its care. Thero has been no olash between the Committee ond the Young Men's Christian Association, Both nre working harmonionsly to seonre the same ond. would be as follows, according to the sum per capita of the population: At 810 per capita, the {ssne would bo $450,000,000; at §20 per capita, the limit wonld bo 000,000, 000; at 30 per capita, it would bo $2,250,- 000,000; sud at $100, it would bo $4,500,- ,000. Whon the question i3 snbmitted to the Btates of agreeing npon any rate per eapita at which this fiat scrip shall be issned, it is probablo that thore will be conslderable diver- sity of opinion ns to the amount, if not as to the wisdom, of tho flat issue. That, however, is & question of detall for the future, Wo miention it to show the im. mensity of the schemo, onco started. Pro- senting it in the form of an amondmefit to the Constitution will have the effect of bringiug tho subject dircctly beforo the country, where it can bo disoussed fully on its ments, At presont the discussion whoth- er Cougresa shall attempt to do what it con- fessedly has no powor under the present Constitution, and which it is prohibited from doing, is wild aud irrational, Tho domand for tho ropeal of ths Re. sumption act, in order *to put an ond to tho perfodical carnivals of bankruptoy " which occur in sensons of financial panie, is very suggeative. It rests on the iden that coln s tho basis of money is an *idiotic system”; that * national wealth” shall be tho basis of our monetary syatem; that com- modities and articles of morchandise and the precions metals shall no longor be mensures of value; nud that thus wo shall “ avoid the calamitics of 1817, 1807, and 1857.” Why did Burizn omit montioning the “calomity " of 1873,~the latest and worst of all our financial collapsos? Was it be- cotiso it hoppened nnder o purcly paper curroncy, and largely inflated at that, aud two or threo years before the Resumptiou act was passed? Doos BurrLzr supposo that Lo can concenl theso fnots by simply sup- pressing them fn his platform? The Govornment of the United States, in all ita history, nover susponded spocle pay- ments until the Rebellion. It always paid its dobts and its expenditures in coln until 1862, when tho sct making papera legnl- tender became a Inw. Then coln disappoear- ed; and the national debt, because of the de- procintion of the paper, was swollen porhaps 30 por cont, if not more, becanse of the uso of forced paper instend of ool as the basis of our financiat system, If **tho periodical catnf- vals of bankruptey " called ponics ara due to tho *idiotic” use of coin as tho Lasis of value, how is it that this country expericnced tho groatest *‘ curnival 'of baukraptoy ™ the world hins over witnossed In 1873, when wo baduelther gold norsilver; when paper based on tho ‘‘wealth and resourcos of tho nation,”, and all contracts and wages wore payable in that money? *Idiotio gold and silver” had nothing to do with produc- ing that * carnival,” which bas swept into oblivion an smount of private proporty greater than the whole national debt, and the carnival atill continues. Prosent and conapicious at that ** oarnival” was Duriam himself, tho head and chiof musician, ruling oue branchof Congress despotically, aud vot- ing himself and aasociates the extra-pay falnry- grab out of the unlimited paper monoy of the day. ‘Tbntwas yours before the Rosump. tion nct, and bofore any attompt to resnmo; whon inflation was in full blast, and credit scomed to liave mo limit. The *idiotic" system of coin money cannot be held respon. sible for that carnival of bankruptoy,—the greatost and most disastrous ever inflicted on any people. The Dank of England, during the long Continental wars, suspended specio paymonts, and resumod such payments In 1821, Bince that time, & period of fifty-seven yoary, specle payments hava bosn continuously mnintalned without jaterruption by the bank, the owrency being vased on the * f{diotic” basis of coin, —— A NEW PROPESSOR OF FINANCE. The vditor of the Chlcago T'mes has an ambition to bo n Professor of Finance, In this capocity he would expound the Con. stitution, make the laws, aud usurp the funotion of the Bupreme Court in order to construo the laws to suit himsolf, Itis rather unfortunate that such an ambition should have suddenly seized upon a man who can distingaish 1o differcuce betwoen a legal-tender Government noteo rodeomnblo in colnand a fiat stamped on a acrap of paper promising to pay nothing, redeem- nble nowhere and at no time in nothing, and having no relation whatover. to coln. Having confused theso iwo kinds of cur- roncy, which aro s difforont as Bank of England notos and Confoderate serip, Prof. Brorer procseds to denounce thoso who approve the rodeomabls note along with those who are howling for the irredes- able flaé shinplaser, Col, ForT's recent lotter to ono Srmaww, submittivg o basis for discussion, and Tux TwiauNx's comments thercon,-havo furaished [ thy Iatest occasion. for an exhibition of Prof. Bronsy’s mental strablimus on the qurrency question, Col. Fonr in that lotter declared himselt in favor of legul-tender "Iruasury notes * oy the oxclusive papor wioney lssued or sulfered to clroulate among: tho people, and (o be kept at par with coin.” ‘This," says - the strabiwans Profussor of Finance, iy nothing more nor less than flaé money! And the Professor Wauty to know what becomos of | the Buprome Court duciston which con- structively, limited the fssue of legal-tender notes to $400,000,000. It Is almost a hope. less task to onlighten a Professor whose own Hat coititutes tho Ini and the gospel. But perlpps others, if nat Prof, Sronxy, may ba ably to reconcile Col. Fozy's pasition. with whgt Tux Tnisune, has previously ‘urged. To the fint place, Col. Forr probably used fiye word money advisedly.” * That ourrency alone can properly ba spokou of ss money “Which is & luwful tender in: discharge of debts, and it is nob” héferodox to de- claro (hat the only .paper that shall bave this character ahall be logal.tender Gov. erument uotes. It ‘dues not follow, Liow- ever, tkat o relirement of tho bauk-notes A . ' Thore {s another point in the caso, ‘The deoision of the Buprome Conrt affirming the validity of the Logal-'Tonder nots, nnd limiting tho issuo to the $400,000,000 beyond which Congress pledged the publio creditors and tho country they should not be issued, had under consideration an irredeemadle Troasury note. At the timoe the greenbacks were passed upon by tho Suprome Court, graen. backa conld not be taken to the Tronsury and exchanged for coin on domand, and no time waa fixed when they would be redeemed. The paper currancy favored by Col. Forr is, in his own langunge, *to bo kept at par with coin,” This can only be done by making it exchangenble for coin on demand of the holder. Whothor or not the Govornmont hes the right to ulter now issues of Treasury notes, redcemable in coin on dewand, snd mnke thom legal-tonder, is o very different question from the proposition that the Government may {ssue an unlimited amount of irredoom- ablo fiat shinplosters and mnke them legal- tonder. Tho Supremo Court would unques~ tionably rocoguize amaterinl difference be- tweon tho two, though Prof. Bronzr may not be able to d{ntlng\finh it. That is a new question which, a8 Tnr Trmune is nefther the Buprome Conrt nor Prof. Sronry, it will not undertake to decide. At all events, the Professor will find it diffienlt to persuade reasonablo mon in this country to demand a bottor paper curroncy than the Bank of Eu. gland notes, ‘Thoy are both legnl-tonder and redeomable on demnud in coin, The Troas- policy and letter of this Inw, aod the members actually congratulate themselves on the intelligonco aml sagacity with which they protect tho State from the introdndtion of money to be lonned at low rates of inter. est, and from being employed by orgnniza- tions of individunls to establish and success fully carry on manufactares in this State, Boreen's resolution is & clear adinission that " the taxation of property, and of the debt due theroon, s doubls taxation. If the Greenbackers and othor doctors of loose political economy in Illinois can bo bronght to recognizo that much truth, thero may bo some hopo that they will discover Low cruelly they have been punishing debtors in this Btats, and may also understand the necessity and wisdom of thoronghly reform- ing the law, — e— In his 1ast lectura in Ban Franclsco, Mr, Brrcnxr imorovised & Nitle gond atvice to the peaple of Callfornla, probably In visw of e disturbance that Kaarsgy and his co-ngltators have created In the Golden Stae. 1t was gy these words: " May 1 be permitted to asy that g ad Yidou 1, hooka and newspnpers, whicl wrsml their sandy coverlng over auch multituds of wius, myy [ 1 nermitted to sny thst the welfare of Usilinrmg ought, more than the rescarch for mtiver or gold, ot hidden treasure, to bo the reaearel fur inteni: gence, for the auread of renouls, and the spread of very usage that Lends to »harpen and brlr hten the huwan understanding? And may Tsay that there 14 0 cconomy so paralmonions, “su unintelijzens, RO wvanion, 8o wastelnl or self. mean economy toward univeraltied and sclivos for the common people? I will aay, wo to the State where common schools are auifocated or are o by. 1say more thanthis. I will say that cvyry State that wants to save ftwoll from the rustian TAXING MORTGAGES AND OTHER DEBTS. Oue of tho newost and most surprising points in Bex BoTres's new.doparture plat- form is the following, which we flud in tho Massochusetts Labor.Greenback-Burren plat- form : Zesolred, That no person shonld be taxed for that which he awee. In other words, for the pne- jonee Of taxation, all peraons shall have the vight ln deitnet from tho value of their estates the sum of the mortcages thereon, and eald mortgages ;hnnm e aesessed to the parsons to whom thiey are e, We commend this to the especial attention of the Groenbackers nnd Laboring siatesmen of Illinols who havo for years defended and championed the Illinois system of taxing mortgaged premises twice. If BuTes's plnatform will have the effect of opening the eyea and enlightening the intelligenca of onr legislators to the imquity of taxing debts as property, then thero will be onc good result from Burren's leadership. This resolntion proposes a revolution in the whole theory of that system of taxation devised for the special punishment of capt- tal, and which theory is embodied in the revenue laws of Iilinois. In Ilinois the law treats all debts as property, Thus if A owns o horse, ho 1is taxed on the ssgessod value of the borse. If he ells the lorse 1o B, taking D's note for the prico, then B is taxed on the horse and A is taxed on the note, on the thoory that the ' property " has been doubled by thetransac. tion. A buys a farm and gives a mortgage for the purchase money, and the law-makers of Tllinois tax the farm and the mortgage, denying that it is double taxation, becauso tho value of the property has, they assumo, been donbled by the transaction. To pay a morigags in Illinofs is to annihilato * prop- erty.” Every man in Ilinois who gives a mortgags pays taxes on tho property mort. goged, without any deduction for debts, The law provides for n liko tax on the mort- gage, and, if the- tax bo collected, the only property involved in the transsotion pnys toxes twice, This subject has been discnssed in this Btate for many years, nnd the discuasion is renewed at avery meoting of tho Leglslatoro, but the Groenback, anti-capitalist peoplo have obstinately refused to understand that the taxation of credita and of debts is not only opposed to sound policy, but positively un. Just, becauso under it property is subjected to duplicato taxation. The rulo laid down in the Massachusetts platform ean hardly be adopted m this State, and we quostion whother it can bo adopted in many other States. Tho law in this State in the matter of taxing renl-estate denls ox- clusivoly with ths property; it Las nothing todowith indivianale or titles. ‘Faxes ore assossed on the land, wherever it is found, and the tox {8 a lem on the land, without reference to tho owner- ship, Consequently, the Iand canmot bo exempted from taxation, because the State Ling tho firat lien thoroon for its taxes, and cannot abaudon that to hunt after indi- vidnals, residonts or nou-rosidents, who may or may not hold mortgages, It would be wild exporiment to surrender tho pmpor& ond seels tho collection of taxes from indi{ .viduals, ‘Che tax wust therefore, under our Uonstitution,—and we supposo .the samo rule provails in all other Stutes,—follow the laud in all cases. Thojefore, the mortgagor '1oust poy the jax on Lis property whethor he owes anythingon 1t or not. Just horo is exhibited tha Llindness of our legislutors, ‘They dleclare all dubis property and subject to taxation. When a man in inol seeks a loan on real property, the lender pointa to Lis linbility to be taxed on the mortgage,— taxed for Htate and local purposcs o, sny, ou average of 2} per cent. ‘'nis tax {s, of courso, included in the ront, Liro, or futereat of the moncy., The luud- owuer says Lo puys tho taxos on the proper- ty, and the monoy-lender nnswors that ho {s linble undor the law to pay the taxes on the amouunt of tho mortgage. ‘Tho rate of ju. terost ou the woney, if 6, 7, or 8 per cent, is theroforo, to protuct the morigages from taxation, incrossed to 84, 0}, or 10§ per cent. ‘There way probably be at this timo veul estate under mortguge iu this Blate to tho suty of $4K),000,000, all of which s pay- ing 2§ per cout a your, in addition to the ordiuury vates of iutervet, to protect the Lolders of the mortgages agalnst taxation on the ovidences of debt. In polut of fact, the tax ustunlly collécted on mortgages in this Stato will ot exveed one-Lalf, mill on the dollar, nevertheloss the people who Lave borrowed the ouey are payiug 2} per ceut, In tho shape of extra fnterest, -on 300,000,000, because of Lo cast-iron law to tax mortgeyes. T'his tax in the shape of extru intevest, ranging from $5,000,000 to 48,000,000 0 ycar, has been exacted from tho burrawers of tlis State for wany years, and the vixtie thus mercilessly robbed have boen and are now the most vociferous aud violent in inaisting on the very law by which they are plundered. They have forged tho chaing which bound thew, sud denouuce as public epemies those who would repeal the law which furuishes the pretext for plpndering them. | The great City of Poiladelphia“ sud the Btate of Penuylvauia aro one vast workshop; every branch of wanufacturing industry is to bo found thero; more persons have bacn and aro, coployed s that Btate ut wages iu man. uuctures \ban i auy other State, 'To qury on 1usuufactures, loguable capital is .essential ; manufacturers wnst have mouey | to pay wapes until their products are sold Lonusylvanin’ hav dever* tixed ' credits, Money, mortgages, loans; and other forms of credit are uat taxed in that Slato, aud Auonucy to carcy ob busiccss Las always been vvtainable iu abundsuce ot lower rates of iuterest than in New York and elscwhero where the luw provides for taxing credits, It fa the option given tothe importer to pay duties in sllver or gold that puts the former on s monetary lovel with the latior, If the fn- porters-can't get silvor they must pay In gold, henco they are wililng to give about as much for sliver na gold, as it answers tholg speclal purpose cqually woll. Tho *flat? consists slmply of the option of payment. Whilothe Governmant recoives sfivar for tarlf dutics, and there Is Jittle of It in circulation, this special use mustinceessarlly put It on a parwithgold. in addition to this, it is a full lecal-tender for any thing, and ita mora buliion valuo 1s %) par cent of legal-tender gold. Under such clrcumstances, t is difMienlt to sec how the standard sflver dol- lar could be at a discount. McVicker's Theatre. Madlzon street, between Deacborn and State. Ene £agement of Joseph Jeflerson. **Hip Van Winkle.” Afternvon aod evenlng. Iaverly’s Theatre. Dearbaen street, comer of Monrve, Engazement of BDarncy Macauley. ** A Messenger from darvle Sec- tion." Afternoun and evening. avllity upon permanens fouuiations=the nolicy ot ovary siten State Je Lo give oved to the Diind, to glvelife to Whe dead, ta #tve knowledae Lo mon be- sotted in jgnorance, You haveno othe¢ aafu foun. dation thaw thie, and if vou ara to do (his, you must honor the profession of teaching. ——————— At tho very first outsct of British adminlatra. tion in a Turkish province tho Turk has proved himself sharper and more long-headed than the Euglishman, The Engilsh Government stipu. Iated in the cession of Cyprus that it wouid pay the expenses of running the island out of (ha revenuces, auding over any balance that might accrue to Turkey. Tho moment that the Goy ernor found the fsland was to bo ceded ha vromptly got In hla work and collected tho year's rovonucs in advance, which compels En. gland to pay tho running exoonses until next suminer out of tks own pocket. The trick way a sharp one, but iuiomate, as the work way concluded bLeforo tiw tession was made. Kn- rland hns the consolatian of knowling that thoss who dance must pay the piper. e —— Hanley’n Theatre, Randolph #treet, between Clark and LaSalle. Bn- Engement of John McCullough, Afternoon, **The Ladyof Lyous.” Evenine, **Richellen,” TURKEY ARD GREECE. The roply of tho Turkish Government io tho claims of Grecco for a°rectification of her frontier in accordance with the recom-, mendations of the' Berlin Congress i what might have been expected from the Porto, With ail its roputation for ignornce, there is not » Power in Enropo that possosses the {acplty of polished snubbing in the same dogreo as Turkoy. The nnswer made by Sarvzr Posba in his circalar upon theso claims is not so muoh a catogorical refusal to comply with them ns it is a vory em- phatic expression of inability to do it, coupled with the somewhat sarcastio intima. tion that Burope had botter reconsider the matter and withdraw proposala that eannot be carried ont. Barver Pasha says in fact: “Tlis Majosty the Bultan and his Govern- ment are firmly convinced that the Great Powers, if furthor enlightened on the naturo of argmments for, aud consequences of, the domands put forwand by the Hellenio Governmont, will modify their first opinion and hasten to bring home to the Cabiuet of Athens connsels of rectitude and prudence calculated (o turn it from an enterprise equally unfust and impolitie. In any caso, Europs will never seek to follow Greeco along thia dangerons path, and thus run the risk of jeopardizing its work of ponce.” When we consider the actual condition of Turkey as a defonted Power, the eliminations of her territory in all directions, the bank- rupt state of her Treasury, her absoluts de. pendenco upon the sufferance of Europe for An existence oven, the impudenco of this reply is simply colossal. Wo may coneoive of Cugland, or Austria, or Germany, making anch & reply, but that Tarkey should delib- orately notify Earope that any Inuistonce upon the Hellonic claims would lead to the outbrenk of war, for it reply is tanin. mount to that, scoms almost inconceiva- ble. It may be {that Turkey ia trying » huge game of Liuff, but it is more likely that BAYVET Pashin I8 aware that Europe 18 not ready to go to war for Greece, and he bns the nssurance already that Engiand hag 1o more intention of earrying out, or oven advising the carrying ont, of the Berlin rec- ommendation than she Lad of koeping the promises she mado to Greece in the ontset, by which the latter was kept ont of the war. ‘The English undoubtedly would prefer to seo tho Groek advanced rather than the Slav, but, aa ft does not fonr the latter, it doos not care for the former. Tho Pall Mall Gazette says: * We should -be well content to hava heard that Turkey was willing to comply with the accommendation of Congress and con- cade tho solicited extension of tha Greek frontler, Dutif ¢ pressure’is to be applied to the Porte to make the roquired conces. sio, if in plain English the Powers are once more to ‘bully the Turk’inlo yiclding to their wishos, it {s quite ns well that we should admit to ourselves tho truo character of the operation. 'The grant of torritory, it ob- tained, will be somothing extorted from Tur- key Ly Europo, In execution of certain private arrangoments among the othor Euro- pean Powers, and without any claim either of intornational juatice or of genuine public ndvantago.” This is & fair sampls of the manner in which others of the Euglish press aro whipping the Dovil round tho stump and attempling to gloss over a great Iniquity, ‘The world, however, will hardly look at it in auy other light than that of o crue! act of yerfidy, Grooce wan dissuaded from golng into tho war and acting o part which, §f it Lind not secured absolute freedom for her, would have placed hur upon the sama basis 0 Servin, Montonogro, and tho other smaller proviuces, upon the promise that she should have the samoe conslderation In the Congress nstho othor Statow. That promise was do- lborately violated by Englagd, and this is followed up by tho iutentid® to ignore the recommendation of the Congress. Upon such promisos a5 thesa Turkoy can affqrd to reject the claime of Greeco and suub all Europe besides, Ll ———— BUTLER'S MONETARY BYSIEM, Geu. Buruku's wing of tho ** National Greonback Labor party,” in its AMlassachu- solts Convention on Wednosday, gavo ox- preusion to some extraordinary propositions and statements. After asserting that honest and economical govornment shall ba vstab- lished, the platform adds: And absolate money and volume thereof malin. tainca at tixed rate per capita Ly constituticnal amenduent, o that permanent lw-uc wmay be :lgnu to st micn by baving geueral valucs remain o same. I.':l.al:fd. ‘Taat wo demand the mmediate repeal of tue Reauwption sct. tbas periodical carutvals of baokruptcy way come to su cod, and that uug uge tiugal wealth be made the fixed vad reltabig foun- dation of vur mouetary system. forever bantahing from Awmvrica the Wdlouc pruposition of making cowmoditics uf ehifting values and srticles of mere chaudiee, like €ol er. the budls for maney, A Uiale that ever n 3815, 1830, ud 1637, sud ever mual, pey ally olip” ol Gom such 3 munolary aystem, lhnm? deatroylng vlung- Jugt tho couniey tote rub sud vaukrupMy: o ba, 1uat even Eogluud bas pever been able to oiabn- tain for apy yrout lengih of n}mv. ulthough suo 1a the creditor nation of the world, Geu. Burees hasdisovered, as well as Titun. AN, and Evipo, and other inflytionists, that to issue wuy more legal-tender papyr in timeo of peace, there must be some amendment the National Constitution. It will tako & amenduwent of that wstrument to abolih’ gold nd silver coin as money, and ancthor swendment to authorizo the creation of vationnl paper ** 10 tuky tho place of coin ® Hamlin's Thaeatre, Clatk strect, opposita the Court-House. ‘*The Katad Queen," ———— The Chlcago Times recently published what purported to be an fntorview with Henator BrLAINE, but was really nothing of thae kind, Mr. BLAINE wrote & notu to tha editor, goud- naturedly asswiniog that the latter woutd be glad to be informed that onoof his omployes had imposed on him, and would assist in thy exposurs and punishment of the over-zealolis but not over-scrupulousroporter. Of course, this vicw of the matter is regarded as very funny by the nowspaper people throughout tho couatry whonre famillar with tho Times' methods of manufacturing out of whola cloth what it s pleased to call “nowa! The Atlanta (Qa.) ury notes proposed by Col. Font ave of the | Conatitution saya that, **judgivg from the styie #1mo nature, aud, o long as they shnll retaln | of the interview [which was of the usual ;scur tho charactor hio hian given them, the peopla [*rilous chiaracter of the Times articles], it was of this country will hardly ask for a better | composed by Mr. 8roney himsclf,” We might carrency. gmlmu ul: l‘hnt‘np(nlon it \lrora not.rtlmtl l’ml’i Y TOREY {8 just now engaged upon serles ol Bt fsn't it abont time for tho now Pro- marvelous casays ou ingnco that not ouly en- fossor of Financo to formulato his schomo? | pioy alf his timo bus threaten softouing of the Bo far, ia bas done nothing but object, with | nrain, considerable impnrtislity, to all kinds of T B A I ‘The open horso-car is an energotle promoter B ey eyt “l‘:"“ ox "‘f““"‘ ok b5 | ot colls and profanity at thts tima of year, It any nation, It would be interestiug to know | jo.imiielies o great deal In Loth directions what Prof. Stonex ‘proposes. Ho places | yjigee chilly nights, and may foirly claim s place redeemable-in-coin-on-deinand notes on s par | omane thy causes eudmerated i tho weckly with irrodoemable flaé serip, aud condemns | mortality Usta. It ono ahould start ont to cateh both nlike. Tho inferenco, then, {s that kLo | & cold, the surest and quickest method would would start out by ordering the lmmediata :-"’ “‘: rido ': ":G of‘ t‘ll:c:l; open agous, wrnh hack toward the wine ter coming out of o . | church. Tho procesa scarcely over fails to pro- maut notos that could Lo oxchanged for coin | gy e tne natural result. Wo do not know just on domiand, then ho cortainly wouldn't conn- | what abject the managars of the car-lines have tonanco National-Bank notes, which are only | u contributing to the stock of catarrhs, bay- rodeomablo fn greonbacks, Thus ho would | fevers, and pulmonary alfections in this com- bogits by contracting tho curroney to tho “;‘;":;!l"v 2*:;;:;’10::‘: 0“;!":‘;:;"6:;'?'::": “ID,: i nbacks and ban! A ¢ 9 y ho would have no papor curroncy in cirenla. | O P00 - tion. But this same Profossor of Finanos, Judeo Jaxss . Doottrrr no donbt made it will be remombered, is also opposed to the | 8-very llne spooch nt Madison, Wis., thoe other use of silver as money; hence he would roduca gm":{{“': this h":"‘f‘:‘ °s‘ ;;2IF°?"“' ":‘p‘i flc';: ¢d horses ot tho 'alr, as apeoch- tho lroulatiug mediam of this great commor- muking fs tho sx-Scnator's * bost holt,” and na cial people to grold nlone, 1f this is not his always doos that duty well. But passtng from #cliome, what kind of paper monoy would he Agriculturo to Soclology—Lrom ralsing corn to havo? Would he maintain the present sys- | raisinzcbildren—how could hatook thusehonest, tom of National-Bank notes, and place in | bucollc Badiers n the faco without a grin, and tho hands of those banka tho exclusive right to furnish the paper currency of $he country and regulate {t nccording to their own inter. ests? Orwould he resuscitato tho systom urge them to improva tha breed of pigs, whon his lttlo son Jist fs making such a campatgn of of Btato and private bank issuos, and revive the wild-cat, shinplaster systom that was It for Conyress? Thosc unsophisticated furmers such o curso to tho country when it was might properly ask the Judge if ha is not ashamed of Nis attempt to ralse an Amnert- cuu Congressman, The spocimen that he has furnlshed the people of Chivago, though cn- tered carly and decked with the prover badge, formerly in vogue # Will the Profeusor riso | is not likely to draw the first premium, and explain 7 It {a cortainly tima for him to Sty Justify his claim to the rank of Professor of Finance by onlightening the public; and, until ho docs, he should suspend his imbeoile eriticisms about the existing or the proposed systema, Exposition, Lake shore, foot of Adsmn street. White Stocking Park. Lake Ehore, foot of Waslilngton strect. Clismplon. ship game between the Chicago and Cluefnnat! Clube 15:30 p. m. — SOCIETY M Y MEETINGS. APOLLO COMMANDERY, No. 1, K. T.—Nn mest- Ink of this Cammandery will bo held'this evening, By onder uf the I, J. I DUNLOP, Rtecorder. BATURDAY, BEPTEMBER 14, 1878, Greenbacks at the New York Btock Ex- chiango yesterday closed at, 0], ' An cxchange paper §s reminded that, s had asthe yellow-fever is ot present, it was much worso In New Orleans In 1833, Durlng August, the highost death-rate of any day was 69, while in the sama month of 1853 it reached one day 353, The total mortallty for the mouth named this yunr was 877, while In the epidemic of 1553 1t was 55616, Last Saturday 77 deaths from fevor were reported, and It has been vatimated that at the climax of $ho epidemie the mortality would reach 150 deaths delly. In 1853 soma 13,000 persons out of 80,000 died of the peati lenee. This morning's dispatchon give nccounts of tremendous damage from o storm on land and water in Obio, Pennsylvanin, and por- tions of Canada. Notoven the risk of a fatal encotnter with the yellow fever i sufficient to appall the chronio office-recker, The Post-Offico Dopartmont is in receipt of numerous appli. cations from unacclimated persons willing to tnke all the chnncon of Qovernment servico in the fever districts, all of which, it i4 sad to record, are firmly declined, —— Moro than two-thirds of all tho railroad linea of tho United Btates and Canada are represented at the Convention of the Gon- oral Ticket aud Passongor Agents’ Associn- tion which assembled in Chlcago yestorday. Thewr deliborations, interspersed with the recreations aud amusements that Chieago can provide, will extend throngh several duys, —— ‘The Cloveland I¥alu-Dea’er says that *the sallent polut in the Malne election Is this fact, that the Bopublican party has rocaivod ita death- Llow.” Dutin tho samo artielo ft lunocently adds: “The opposition has 8 more pronounced Ureenback thati Democratie charactor.” In other words, tha flat-money party has subord!. nated tho Bourbons Into inere hewers of wood and drawers of water, Tho Democracy ot Malna has been converted futo a tender, carrging the wood and the water. And yot it feels so gool the 2lain-Dea ler brags about it. 2 Tho Republicana of tho Thirteenth Sehatorial District of this State {embracing the Countles of DeKalb, Kendall, and Urundy) have nomi- nated for State Senator Jonn R. Marsuart, editor of the Kendall Uounty Record ot York- ville, and a clever fcllow,—popular with overy- body and wide awake. His election mav be put down ns about dead certalo. For tho Ilouse in the sama distrlct, tho Couventlon nominated W. M. Brans, of Koudall, and Mr, Baraias, of DeKalb. The tormer was’a memberof the lust louse,’nad proved,himselt o good onc. e —— The appenranco ul evolutions of Companics B and O of tho Chicago First Regiment at tho Bt. Louls Military Tonrna- ment yesterday elicited the utmost admira- tion and enthusiasm from tho military critics and tho spec:ntors in general. The por- formnnces of the Lackey Zouaves of this city _ were also much admired, and it is thought that Chieago is certain to soo ure one or two of the prizes. Is it pomible Tuz Twinuxe bas “‘for yearn't been advocating groenbacks which shall bis **re- ccivabl for all dues and debts, public andsprivate, and that auch shall bo lhutnlullvndmpnr money Leaned or snfferoa to circalate ' 1—/,+ 0, - U. Noj; not unless thdyaro to be “kept at par witheoln,” * They wust bo fortifled in the man- ner proposed by Col. Font. When they ore redeemable [n coin on demand, wo don't ace any objection to their belug recelved for dues and debts, publle and private, and fssucd as the ex- clusivo paper money, 1. e., logal-tender paper. gl S Président Haves and his travellng com. panions’spent & busy day in Chicago yester- day, kecing and being seon, enjoying and furnishing enjoyment. The visit to tho Tionrd of Trade, the drive through the city, the dinuer and reception at the Chicago Club vure aliko of interest to the entortained and the entertniners, and entisfactorily nccom. plished tho purpose of making the Prosi. dent's second brief sojourn in Chicago an agreenble oceasion to all concerned. A Malne correspondent, writing” to the Now York Zimes a few days befora the Malue elec- tion, prédicted {ho probable dofeat of Evauna HlaLe, for ten years tbe efficient and very prominent Represontative of the Fifth, or Bel- fast District, son-n-law of Zaci CiaNpLen, and twica tendered Cabinct positions which ho declined, ‘Tho writer sall: 5 ‘Ihe_Greenback candldate for Congress in the Fltth District, of waich old Waldo forms 8 part, 19 man named Mukcil, on lenorart stono-cutter, ‘who was never heard of until a fow monthe ago, & Commumst, o demagogue of fowast type, who in his pubiic anseches doasts that he hos ever Joat auything because he never had anyiling (o Joeo, and that ho never forgot Anytatng because be naver lesrned anything to forgol. And yob tius man {who can't write hls nnmu‘l seoms sure of Lho votes of hundreds of the best citizens in Mainc, Nor I tho case of Muncu sn excoplional one, 1In all parts of the Siato men of the same character lead the now movement, — ——— Tu Philadelplla the Ropublicans are disposed to give the Democratsa littie tasto of thuir own Matno mealelue. In Malne they voted dor the Ureenback candidates tn all tho Republican districts, In BAs RANUALL'S district the # Na- tlonals* have numinated Jouwx Busouoy, s Philadelphia tallor, aud the Republicans have Iudorsed hum, and ' fv belioved that by this coalition RANDALL, whoso majority .was luss than 3,500 iu 1876, will bo defeated. « Hu onght to bo beaten, as ho was the worst and’ meanest partisan that over occuplod the Hpeaker's vhair, 1t {s better to elect an **absolute’ money man than suciga disgraceful partisan as ** Speaker” RaNpaLL proved blumsclf to be, e — ‘The doctors down at Caira are not lacking fn the pillological kuowledge neccssary o ux- press themstlves, The othier day, after tho yullow faver bruke out atwoug them, they haid a consultation to consult about the disease, and the report of the meeting procecds: ** Drs. Wape and Gompox call the disease ycllow tever, but Dr. DUNNING, who saw the sick peo- ple, deseribes the ‘discase ss a perniclous typo of malarial fover complicated bys hemorrhagic tendency,” Bo, whilo the people of Calro are flcelng from the yeltow fever, tho local editors coutinue to chironicle deaths from “a pernicious type of malarial fever complicated by a hewor- rhaglc tendoney.” ——— The L-0.-U., commenting on Col. Fout's re- ply to the discusslon challenge, remarks s MWy would not express, however, tho importanca of 4 coln haals in tho strooy Janguage employed by, AMr. Fout' O course you wouldn't. No fistlst does #* express the fimportancg of a coln basis.” The pliuplaster advocates don't believe in & **colo basla.” The £.-0.-7, docsnat *express™ itself fu very atrung laukuage in favor of pay- mout of eregitors in anything that bas value for ‘Rbasis, 1t L ndiscipleof Witking Afioauwber ju ull such matters, sud yegirds fige notes as suf- E‘Aenz baywent. Hut Col. FORT (s ot thet sost man. : 3 ‘The Republicans of the Bellovitie-Alton Dis- trict huve nominated tho Hon. Joun Baxen for Congress againge Col. W. R, Monitison, who was clected in 1876 by 4,007 majority. It s hardly possiblo to overcome thig majority, but Joun 18 very popular down there. e lsat prescnt absent from the Btato, being United States Minister to Venezuola, ‘The Soventeenth District embraces tho Counties of Macouply, Madison; Monroe, aud 8t. Clair, — Tho preference of the Amerlean people for couvertible vaper over coin 1s well exprassed by the New York flera'd: For the Internal business of the country our peo- plo prefer paper to coin, o4, indeed, all raocern cuminunitics do, vo far us theiy currenca’ laws por- it In Englund, whoro no bank notes aro miutted below tha denomination df five pouns, thero Is & lurgo employmunt of apocie in daty transaction: L It 18 ouly by prohitting small notes that coin.can be kept” i circalation. . Binco our onv, two and five dollar groonvacks and bank Notes are not Lo be prohtbited, they are rortain to keep ol out of circulation when tho paver cur- rency ivat par. It lu tru, indeed, thut i the puper curruncy suonld bu at over s0 swall a discount it would be prescnted tor redewption, but Just as soun se o dinination of its amount hould bring i 10 par with coln not another doliar of paper would bo oftered for redemption, nud tuo people would ezerclee thelr habitual roferance for papur money, which s itzbier aud more copvenient, \ve belleve that n banker or werchant ts of the uplus lon that the Treasury wili need to redoot 800, - ,000 of creenbacis, or even balf uf that wuuw, to secure their fuil ut‘:lnlulunu with coin. Now, as_thu, only demand lor coin will be meruly what will suflico to bebig the paper curruncy to pa aniount »u sinall as o bo a mere bagatelle, —there is no apparent possiuility of the resumption exe puriinent proviug a faliure, ‘This superiority of paper, convertible into colu, to tho coln Itself, for ait practical pur- puses, i the reason why sHiver dollars havo not «one tors rapldly into clrculation, Like the bank-depositor who wanted bis money it ke couldn’t have ft, and didu’t want it if he could have it, the averaze Awerlean dun't waut to carry colin if e van Lave papor &8 good us colo. e —— To the Editer of The Tribune. Orrawa, Jil., Seut. 13.~There are soyeral Grecubuckirs of tho ubsoluto or tlat monoy stripa in tbis soctlon, Amung styuments gscd by them i1 favor of an_exclusivaly papor currency fs thiss Gold snd erlver have but' hittie fntrinsic values When compared with thelr provent dpuasens value; fhat theso avparent valucs are cannod by monotary wurld-wiile domonetizution of “the wetals Tho Fiatsts of tho First Distriet have nominated for Congress man named Bann, ho iy chivlly notable for an ability to talk trash only equaled by that of the other Fiat nominee in the First District, hittle Doorrr. 7L Bann iy o man utterly without fitness for the posit ou, aud of coursa hax uo earthly chanco of being olected, A better mau wight have communded the support of a fair proportion of the Greenbackers of the South Side, and thus have drawn away somo votes that would hnve othorwiss fallen to tho Democrutio caudidate, but there fu nothe ing about Baum to commend him to the respect of even the Fiatists, and the Repub. licuns of flat-money proclivities will not tol. ¢rato tho iden of buing represented in Con. gress by nuch an ignoranus and blatherskite, ‘The Madlson Journal, which Las falrly earncd the right to be called the leading Keputtlcan paper In Wiscoustn, thus speaks of tho Mil- waukeo Naily Murphey MATT CARFPENTER'S per- sonal organ: * 1t {s evident that the Ropublican partyin theState must live inaplteof tho Sentine, it ft would survive at all. At I3 clearly dotod good work for tho Democracy. ! —eeee— As the Milwaukeo Zuily News (Domocratlc organ) has offended the hard-money Democrats by its flat lunacy, It Is proposed to start sa oppositlon afternoon paper to advocate sound “Deimoeraey and 8 sound curreucy, and a con- pany has been organized for that purnose. The new paper {s pronilsed on the Lt of October. et * Itisto bo feared that the sound thrashing which Gen, Mices and his handful of herole men have given thd Bannocks will Induce tho Democratic party of the next sesalon of Cone gress to reduce the army, Thuy will polnt to Miuxs' victory as arf flustration of what vur suldiers cou do if they will only fight, e —— . Somu wack or wors wnce Mr, A. J, Guorze, tho head of the Grevnback party in Ilios, published o card i this paper gffrming o stutement previously wnde by hiw, that the Nutional Bauks, iu addition to thelr other guivs, reniized o large profit on those of toeir notes lost or destroyod. He was very curphatio and peraistent in his assertions ou this poiut. Our Washington correspondent, in o letter published this morning, disposcs of this whole question by an exhibit of facts, compiled from the publio records, in which Le shows thut tho loss of bauk uotes is much luss than is genorally supposed, but that this losy, great or smal), In tho case of {ho Na- tional Bauks, always aud of neceusity inures to the bouefit and profit of the Governwent, He glves the cases of all tho banks which Luve gouo out of business and the amount of ilio notes, not yot redoemed, and for which the Government holds s doposit of green. backa, e - S —— ' “The politicul situation in Loulslana bpging to take'on su intéresting phasoin wjite of the depressing cffect of the yellow-faver vis. itation, Already the break in the Dewo. cratic organization is percoptible, with a pro-pect that it will widon' rapidly from this tiue furwurd, A coalition has been - formed Letween the Nutionals and Republicans, the Lutter sgrecing to nominate no State ticket in cousduration of, being wjoted -ty gressoien, © Gen, BraUsyoann’, hag’, beey vtfered the lewling place on the fusioq ticket us the opponest of Maj, Busxe, the' Demo. crutic caudidato for Stute ‘Treasurer, ati@ the solid support of the colored votc is sssured him iu caso b sccepta. A wost hopeful uud gratifyiog featuro of the case is the fuct thut the new purty has already manifested tho strengih sud the deterininution to upen 1t would be a joke it JacksoN, Vay Bunky, Wriont, Marcy, Bucuaxay, Bzntoy, aud ather Democratis fathurs could be told of the present condition of tho party on tho currensy question. They would tura uneaslly in iheir graves 1t they know how things are golog. — QaBvizLD agreed to make six spoechesin Malno on the condition that Braivg would mako six fu Ohlo. in consequence of cestaln circumstan¢es ovor which GARFIELD bad nocon- trol, be Ls now disposed to relvase Braiss from his engagement, k e 8oms of the Democratic papers crow over Maluo a8 If thoy had achleved a vietory. The old Bourbon crowd Lus really gelned nothing exeept anew lot of volunteers to Lury its fes- torlng carcass out of sight. , e In the Matne Loziatature just elected tho Ro- publicans have @) the Grycobackers 54, sud the Dewocrats 21, Apd it ls oyor this result that ‘the Democratic papers arv' crowing S0 lustily. v . e E——— . Well, if the Republicans havy lost Evoxss Harx from Congress, the Demogruta will wmiss our Evex and Hounding Baxsivg: But both of them wers not wortks balf us much as LaLs. ——e—— The Republican party fu Maive poll 6,000 more votes this yoar thau a year ago, while the Dewocrutic party bas guny from 66,000 lu 1310 10 B,0N, wonld depreefato thom 50 or 76 noe cont at Jeast. Can Tux 'uisuxs fuforas us (1) What proporiions of gold sro uyod for wonuy anit what for morchan. diver (21 Wodld demonctisation, accurding to the Grecobackens' achmne, greatly atfect presont valuea? W, (1) Bome writers estimato that one-half of the Rold In the world ts1u the furm of cofned monvy, aud the other half fu bars, lu ornaments, and -fn the urts; and that two-thirds of the stiver is in uae 08 money. * (3) Bliver and vold could not be demonetized fn the sense of preventiug thetr use 85 @ mediug of exchange. M the Uovern- "menta in the world wight, uader the tntlusnce of freuzy, rénder them non-legul-tenders fn pay- | weaty of debts or. taxes, und still shey wonld lreulate us oney fn the purchass o1 goods and chustels, W, hiring Javor. sud payhig debts by soccal coutruct. (8) The experience:of all pa- tond fur thousands of yeary has Proven that uo ufhier gubstances are §o seveptable, suitable, or convenlent for monstary purposus ss gold and sliver. (1) ln the uatyrq of things, . they can ugver bo discardod s - internatlonal tyoney; henes it s bardly worth while to spend tiuie or thougbt ln idle epeculationg as to what their value would be after belug demouctized throughout the world. [t 1s a contingency that will never occur. Demonetiziug the preclous wetals fu this couutry alous would bave su kin- e——— a Mr. BROuER's farewal to the peopla of Cali-- fornia was gué of the nost eloquent aud ap- Propriats passages that hay fallep from is pen in 8 loog tiwe. Tho peovle of Ban Frauclico Biave been very onthusiastic over the presouce of the great preacher amung thum, wud have kiven him 8 reception so warm aud Keacrous that 1t must have secuied ke a cowpousation for sows ol the rough bulfstiog that Ly bay