Chicago Daily Tribune Newspaper, September 16, 1878, Page 4

4 THE CHICAGO TRIBUNE: MONDAY, SEPTEMBER 16, 1878 Thye Tribmme, TERMS OF SUBSCRIPTION. MY MAIT—IX ADVARCE—POSTAGE FREFAID. Dally Edition, one yrar.. 81 I'arts of a yrear, mont! Vo . one Tea ol 350 o yian ot f w .Y EDITION, POSTPALD, I sprefmen c Glve Post-Uflice addresa In futl, Including Stats and ty. & Liemittances may be made elther by draft, express, Tost-Office order, of In registered letter, at our risk. TERMS 70 CITY SUBSCRIBRRS, Dally, delivercd, Bunday excepted, 23 cents per week. Daily, delivered, Sunday Included, 80 cents per week. Addrers THE TRIRUNE COMPANY, Corner Maditon and Dearborn-sta.. Chicago, Til. Orders tor tha dellvery of Tz TRINDNE st Exanston, Fnglewood. and Jiyde Park feft In the counting-room wlil recelye prompt atientio e ———— TRIBUNE BRANCH OFFICES, Tig Cricano TRINUXE has established branch offices for the recelpt of subscriptions and sdvertisements s Tollows: g NEW YORK~Toom 20 Tyfsune Enllding. F.T.Mo- Fanves, Mavager, T'ARIS, France—No. 16 Rue de s Grange-Tiatetters. 1. Manten, Agent. 1.ONDOY, Eng.—~American Exchange, ¢{9 Strand. HENRY F, GiiLin, Agent. CI8CO, MeVieker's Theatre. Madieon street, between Dearborn and State. Ene sagcment of Joscph Jeferson, **Kip Van Winkle,” Ttaverly’s Theatre. Dearborn street, coraer of Mouroe, Cabln.”, *!Uncle Tom's Hlooles’s Theatre. Tandolph street, between Clark and Tasalle fagement of John McCuliough. ** The Gladi: ¥a- Hamlin's Theatre, Clark street, opposite the Court-Honse. **The Naind Quecn.” New Chicago Theatrr. Clark street, upposite Bhermsn House, *'Howto Hisinthe Dark.” Exposltion. Luake shore, foot of Adams street. Whito Stocking Parks Lake Shore, foot of Washington street, Game bee tween tiie Chivago snd Moston Clube at 3:30 7. m. MONDAY, SEPTEMBER 16, 1878, In New York on 8atnrday greenbacks raled stendy at 091 in gold and silver coin. A nitro-glycorine and dynamite magazine, near Bradford, Pa., belonging to N. B, Pur- ver, suddenly pulverizod yesterday, dissi- pating all mnaterial evidences of the existence of its owner and three other persona. It is very remarkable that Qoupry, who clnims to be a sharp, critical lawyer, failed to point out the act, or clause, or provision of Inw whereby the Government reserved the right to mannfacture greenbacks to pay: off thebonds. Will he be kind enongh to Luut up that provision and notify us where it can bio fonud? Wo aro anxious to sce and pub- Hsh it. “The Moral World,” its formation and growth, is the subject of Prof. BwiNa's sor- mon, printed in another column,—s world, ho argues, yot in its infancy as o develop- ment and progress, and destined to undergo prent chiauges as the plan of the Croator is unfolded, The Rov. Dr. Tromas, of Cen- tenary M. E. Churceh, prenchied about *¢ The Tietter Country,” and the Rev. L. P. Men. crn, of tho Union Bwedenborgiau Church, on *'The Skeptical Era in o Man's Life.” Somebody in the Oabinot at Washington, or what there is left of it at present on duty, secms to have been gotling excited on the currency quostion, ang to have sont a tele- gram to the President nrging his immediate return for the purpose of discussing the financial situation. The President is re. ported to decline toking any share in the alarm, ond, not being aware of any new phase that requires attontion, replied that ho should/ neither alter his views regarding specio resumption nor his plans of travel, s Another fine addition to Chisigo’s part in the great fund for the relief of tho sufferers m the South was realized last evening as the result of the sacred oconcert given at Alc. Cormick's Hall under the ausplces of the Owl Club. As a charitable enterpriso it do- serves success; as o sacrod concert—sacred in its mwic snd in its object, as Prof, 8wixo bappily expressed it—it wos made a suceess by the hard work of the gentlomen who dovised aud carried out the plan, and by the genorous contributions of the musical artists. who rendered their services gratu. itously. Tho net procoeds will be something over $£2,000. In what other way can the Government legally puy off the bonds except from tho proceeds of tuxation? Goupr talks of the Government having lost $500,000,000 by not paying off the bonds in greenbacks jnstead of in coin. Buppose that it hiad reserved the right to puy tho bonds in greenbacks, how is it to get them? Is there any other way than by taxation? Did Congross, when it was of- fering thoe bonds for sale, reserve the right to manufacturo greenbacks and tender them to tho bondholders? If wo, in what act can it bo found? Will Goupy, Brick Powesoy, Dy Burien, Dexis Keanwey, 8au Oany, or any fiat wdvocute, name the law in which this right wus resorvod ? T —— Thero 15 an excellent prospect of warm work iu tho Massachusetts Democratic State Convention which moots at Worceator to- worrow, und serious rupture seems inevita- Lle. Butien, of course, is at the bottom of it. Ieis outin a letter taking lssue with the declaration of the Demacratic State Ex. ecutivo Commitles, to the effeot that no per- son shull be entitled Lo a seat or a vote in to. morrow's Convention who is kuown to favor the nomiuation of any person mot reo- ognized a8 o member of the Demo- cratic party, He disputes the anthori. ty of the Commiltee to make or its power to enforce any such rule in the Cone wvention, and will lead bLis hosts in & deter- wined bottlo sgainst it. Among the dele~ gutos thus far chosen BoTLEn bas & majority sufficient to capture and bold the Convention if they stand fast to his support. In such s cuso the Convention would divide into two parts, each nominating a distinct ticket, which would be as effective a plan for in- suring Buries's defeat o the straight-out Democrats could possibly adopt, Iu another partof this moming's isime will by found & presentment of views on the relatious of labor and capital submitted to the Congressional Labor Committep at New York by the Ifow. J, H. Waixes, President uf the Worcester, Mass., Board of Trads, a leading munufacturer of boots and shoes ' in that city, sud tho seunior member of the lcather manufucturing firm of Warxxs, Oax- zeY & Oo., of Chicago. Few wmen were in- vited to give their views beforo the Com- mittce who were better qualided to deat intelligently and practically with these im- portant quostions than Mr. Warxzn, a man who has come np from the ranke of the jonr- neymon workers at the benel, and whosa knowledgs of the relations of employer nnd employed has been gained in tho workshop % well as in the counting-house. The state. ments of such a witness, whether of fact or opinion, are entitled to moro than ordinary consideration, and will not fail to receive it from all who read the comprehensivo and in- teresting replies of Mr, Warxxn to the inter: rogations of the Commitice. ———— The epeculators found sn occasion for temporarily rmaning up the price of gold pbont § or 1 per cent in the ordorof tho Seo- tetary of tho Treasury rescinding the silver circnlar, It turns onut, however, that the original circular was withdrawn Lecanso of a technical objection as to the right of the Becretary to exchange silver dollars for greenbacks prior to the date of the Resump- tionact of Jan. 1 next. But tho nownr- rangementa for the distribution of the atand- ard dollars through 120 National Banks, and by payment in salaries to a considorable ex- tent, will result in getting ont the silver as mpidly and distributing it as generally as under the system first proposed. It s not unlikely that the now method adopted wili oporate to keep the silver ont of the hands of the brokers quito s ef- fectively aa the original plan, and it is senrcely to bo doubted that the stand. ard dollars will be 1n very general circula- tion, in spite of their superior value to the greonbacks, on account of their legal fanc. tion of paying duties. Perhaps it is becanso the brokera think it will bs harder ander the new narrangements to grab tho silver doilnrs for paying duties that they have succeeded in increasing, for the time being, the fractional premium on gold. This, of course, is just the effect the anti-resump- tionistsa hoped to Lnng about when they protosted agninst the right of the Secretary to exchange thom for greenbacks. “SENATOR" GOUDY'S SPEECH. Mr, Wintaxt O, Goupr, of this city, Dem. ocratio candidate for Sonator, adlressed s small collection of personal followers at Far- well Hall on Saturday evening, in what his friends will stylo the ** greatost effort of his life,” and presented himself as a candidate for the United States Sonate. As the speech wns intended for civeulation through tho Btate, the want of an andience was of courso 10 embarrassment to Ar, Govpy, who could have read his little piece to hilf a dozen per- rons as well s to the 300 who wera scattered in the Jarge hall. The speech itsclf was pomowbat peculinr as well as tedious. Mr. Gouny had to bid higher on many points than his rival doma- gogues for votes for the Scnate, He had to ulter mory nonsense, assert more bad law, and nttor worse logic, and gonerally botray a looser condition of morals than Joe: ALLEN, Bin Sprixoen, Kewance Surrn, or Doctor Hoorex, and in this way frequently found himself answering and refuting his own nrgumonts. Like o snake with bia tail in his mouth, he described a great many circles, to the bewildorment of all old Demo- crats and to tho consternation of the fiat- currency advocates. A veory large part of tho speech was de- voted to tho discussion of the right of the Gonernl Govornment to issue Treasury notos. 1o cited copiously from the writings of Jer- vEnsoN and the speeches of Caruovy, and he might have added of nearly all tho statesmen {rom 1812 to 1BG2, to show that Congress not only had the power, but also had constantly exeroised the power, to issuo Tronsury notos, and to mnke them roceivable for all debts and ducs to the United Statos. Al this wasn ‘waste of words and time. No one ever denied the power of the Government to issuo Trons- ury noted, and o receive them in payment of publiodues. Such notes were issued by nearly every Administration from Mapson to Bucmaway. When Mr., Lixcorn beeamo Presidont, hofound that thers were Trensury notes outstanding issued by his predecessor. Bo far as Mr, Goupr intended to crento the idea that Jerrrmsoy, or CaimouN, or nny other statesman prior to 1862, ever proposed the issue of Treasucy notes made o legal- tender for privato debts, then Mr. Gouvnx falsifiod Listory and intended to deceive. Trensury notes, receivable at the Treasury in payment of all pablic duce, and therefore ro- deamnblo on a par with coin, are quite a dif- ferent thing from Troasury notes made a logaltender in payment of public and private debts. A loan optional with the public to take or not is quito diferent from a forced loan, Tho United States have military officers stationed In all largo cities to rocoive nu recruits for the army all men who may volunteer for, that servico ; but that is something difforent from tho forciblo seizure of men, taking them from thoir homes, aud compelling them by force to serve as soldiers. That is tho preqiso difference botweon a voluntary snd a forced loan; betwoun the offer of o publio bond or Treasury note in exchange for money for the public service, and the foroi- ble seizaro of & man'aproporty, his goods and chiattels, tho earniugs of his labor, and the products of his toil, and giving him in ex- chaugo a paper frredecmable at any. place or tima. 4 Iu"the presence of actual war, with an srmod cuony eugaged In destroying the national existence, the forcible seizure of men and their compulsory servico as soldiers may be justifed by the overwhelwing nocessily; aud so, when in time of war, food, clothing, and ammunition were neces- sary to tho public dofense, and the Govern. ment could get no woney from voluntary loans, the forcible scizure of money or property might be justified by the samo uccessity, But in time of peace a resort to & forced loan—the forcible seizure of the monsy, property, and credit of a citizen— can find no more legal justification er apol- ogy than can the forciblo seizure of citizons and their compulsory servica in the army, AIr, Gounr sees no difference in tho question of power in either case, whether cxercised in time of peace or in time of war; and Mr, Gouny, who insists on the excrciso of conflication and conscription in time of peaco, aske the people of Illinois 1o elect Lim to tha United States Benate. Will Mr, Gounr give the conntry some ex- tracts from Jevrznsow, Oarsous, WensTes, Jacxsoy, or any other American statesman from 1812to 1862, who ever suggested that Congress bad the power to wake paper moaey a logal-tender in payment of private debts, or who ever admitted that any form of cur- zeucy, save coin, could bo made such logal. tender? One word from Jacason, or, Wrs- #7ER, Of Bxxton, in ‘favor of irredvemable legal-tender paper, would be fth' more than wkolo voluies of Gouny. . There is no constitutions} objection to the issue of auy nuwber of millions of non-fga)-ténder Froas- ury notes, and their employmsnt to purchase outstanding . bouds, but Treasury notes of that cluructer aro mot tho flat money de. mornded by the repndintors whare votes this demagogno in bidding for. b In this same specch the repeal of the Ra- sumption act is demanded. It is demnnded on the gronnd that its exceutivn will work inevitable and wide-spread injury to the busi. ness of the conntry by making greonlncks equal in valne to and exchangeablo with gold and silver coin. Considering that green- backs have already attained that value, the earrying out of tho Resnmption law can add no additionnl grievanca or burden to tho conntry. Iiaving argned himsclf black in the face proving how disastrons and minous to the country it will be to make groenbacks equal in valuo to coin, like the snake wo have montioned, ho takes his tail in his month and argnes just as vchomently that the Resumption Iaw cannot be enforced, and that even if the law is not repealed green- backs will not Le made equal to coin, and therefors the country will not bo subjected to any ruin or disaster because of any parity of valno of coin and grecnback, This glar- ing contradiction of lhimsel! was unavoid- able. The two opposing points are ossential to the flat-money theory, so the wonld-bo Bonator ovorcame the difficnlty Ly chasing ona with tho other in an activa race swing- ing round the ciicle, “ Benalor ” Gouny, with equal succoss, annihilated the National Bank. system. Ho held up to popular wrath the torrible specta. cloeof the *atrocions monopoly " whoreby men with a little money could get possession of a few bonds, and then issne bank.notes and lend them ont to the necedy Inborors, mechanics, and farmers, nnd thus enrich themselves by lending their own promises to pay. Against this class of men, sodangor- ous to the country and to society, ho warned the peoplo of tho State. Iaving ex. posed the awful mngnitudo nnd enormous profit of the gigantic ménopoly, he further showed the iniquity of the law which, in. stead of confluing this money-making proc- ess to a fow privileged individuals, actunily opened the doors of the Treasury to all per- sons who wnntod to engago in tho business, Any five porsons, he said,—farmers, mechan. 1c8, laborers, merchauts, or others,—who could raise $50,000, or borrow that sum long enough to purchase the bonds, conld organ- ize & bank, issuo bank.notes, nnd lend them ont at the rate of 2 per cent a month * and commissions,” aud become inordinnately rich, and possibly Luy n seat in tho Senate, Never wns a monopoly which is freo to everybody so thoroughly cxposed; never were (the special privileges of the few, which aro equally open to the many, #o aptly described; and nover was blindness and stupidity of the vast multitnde of galn-sceking capitalists, who refuso to ‘start National Banks and literally double their investments overy year, moro logieally illustrated than they were Uy the next Sena- tor. 'Think of two thousand millions of dol- lars which might be invested in National Banks, and yield & profit of 2 per cent n month, sctually held idle, or invested in bonds only yielding 4 por cont a year! Can it be that these capitalists do not know ns much s the * Senator * about the profits of banking? And what is it that hindors him from plunging headlong into this wonder- tully lucrative business? And why have so many banks reduced their circulation and sold their bonds, tf the business is so awfally profitablo? . THE DIVISION OF LABOR. Two pamphiots on the Labor Question bave Iately beon printed and circulated in thiscity. The writor of onp signs himself “ Thirty Years a Manafacturer.,” Though a novice in political cconomny, ho bas taken firm hold of cortnin truths which have per- hapa boen toolittlo regarded in newspaper discussions of the subject. Ono of these is that great division of labor, whila it increasecs the efliciency of the workinan in one direc- tion, destroys it in every othor dircotion, 2f the workman is encouraged to make only a small part of a completed product, the inde- pendonco of his lnbor is sacrificed. Ile loarns to do his share of the wholo work Detter or quicker than ho would be able to do it if ho performed all tho other processes ; but, in the end, his employment depends upon the employment of a number ot other workmon, Teo is ouly a part of a large machine. 1t is a question whother, as the writer contends, employment under thesa circumstances is mora diflicult to obtain or keep than nuder the old system, Ou tho one hand, the bp. portunitios for special kinds of labor are comparativoly limited; on the other, the capitalist is compelled to deal with large mpsses of labor, aud is obliged in somo cases to geant more favorable terms than ho wonld to single workmon. But, however this may be, it is cloar that tho division of labor, when carried very far, impairs tho self-supporting indepeudence of the workman, Where less mental effort is required, lous will be dovel. oped, If the workman is part of a machihe, this writer contunds that he will set, talk, think, live, and die like a machine. From this point of view, it ls to the interest of workmen that the division of labor should not be carried too far, aud that trades should be learned and followed in the old-fashioued way, But thera are other points of view from which the quostion may be counsidered. Di- vislon of labor I8 n saving of labor. Men learn to do omne process more quickly thau they can learn todo soveral processes. They train particular muscles aud nerves, as of tho vye, the haud, or the foot, to do particular kinds of work. This js why ten persous required to mako one plu. Oue persdn could probably not wake oue pin whils the ten were mauking twenty, Jun a similar way, there aro 102 distiuct branches bf watchmaking,'and the fluisher is the only person of tho 102 who can work at any other trade than bis own. Or, to take the illus. tration of ** Manufacturer,” thero are n dozen to twenty kinds of bootmaking, in fuw of which is any one person proficient. The consequence of the division of labor in each casa is that wmore and bolw‘i work {a done than if there were 2o divisiod, The advau- tage of having trained workmen (o do all the parts is wevn when the parts are put to- gether. Moregver, thara is n yreat saving of time in the use of machinery and the passing from ons kind of employment tq another, and this consideration alone would justify s division of labor, . ‘The purposs of a division of labor, there. fore, is io save labor. Now, this is preclscly 'So¢ the purposo of labar-saving machinery, the arguments that can be -used sgaiust the division of labor can be tused against labor. saviug machinery; and the arguments that ary sound in favor of the latter are vulid also in favor of the former. We have been over this whole grouud so many times aud so recontly that we uhiall not go over it again. It is sutficient to notico, as ** Manufacturer™ does, that a saving of labor, however it may ivjure the individual workman, benefits tho wiole cowwunity, Besides, the injury is ozly tewmporary, whilo the beneit @5 pore mhent. Suppose that a community has F1LOM,000 to spend for consnmption in the producta of labor. 1, through the inven- tion of Iabor-saving machinery, it is able to buy for 750,000 all that it formerly paid’ 21,000,000 for, it will havo effected a paving of 250,000, With this saving it can pnr- chaso the produdts of other labor to the amount of the quarter million, It is ns mueh a law of eapital as of Iabor tlint it must find employment or suffer Josw, TLo surplns €250,000 will thoreforo he devoted to the employment of more Inbor, If tho new miachinery has onabled 730 men to do tho work formetly done by 1,000 men, thore will be 250 mon seeking work. Theso men, roughly speaking, will ba employed by the surplus saved to the commanity through the introduetion of machinory, Nor is this all. By lowering the cost of production, ma- chinery increases the purchasing powor of wages. What is trie of machinery is trne of the division of labor, for Loth seck to effect n raving of labor, The hardship in noy cnso is only while labor is adjusting itself to new terms of employmeont, The germ of truth in * Manufneturor's ” discussion of division of Inbor lips. in the fact (hat divided labor is loss able to adjust itself to now condition than undivided Inboris. 'The reasomof .this fs that the division of labor prevents the full develop- ment of the workman, tonching him to know one thing well and nothing clso nt all Henco, 1f he fails to find tho ono kind of work hie enn do, he s good for nothing else. ‘We regand this as truly unfortunate, but we do not seo how it can bo helped, except by the offorts of individual workmen to educate thomselves. It may be the daty of Gov- ernment to provido fallor menns of instruc- tion in the mechanical arts than {t gives at present; ‘but, this done, the workman must depend upon himself in the last resort as in the first, * Manufacturer " himself does not suggest a suitablo ronedy for the hardships produced by n division of Inbor, though he seems in some vaguo sort of way to believe that co- operntion may be such aremedy. Theonly kind of co-operation he secms to consider practicable is the formation of associations of consumption, It is a grave question whother - nssocintions of this deseription afford an il- Iustration of trmo co-oporation at all. They bavo been regarded Ly many as simple in. veatments of capital by poor people, and the dividends, or reduced pricos, are in- terest on the investments, Tho only amociations of the kind that have succeeded have proceeded on this Lasis. * Manufacturer” is wise onongh o soo that tho other kind of co-operation— known as co-operation in production—has nover sticcceded in England or this country, becauso every nssociation of the kind Ynust have n head, **and the head finally gobbles np and controls the whole body.” The question of tho remedy for the ovils pro- duced by an oxcossivo division sf Iabor is, therefore, kept precisely whore it was, The remedy is in the handaof the workingmon, Thoy must uso it, nsall men must use the remedics provided by circamstances, to soften the hardships that surround them. Ana the remedy is edncation. REVIVAL OF PENDLETON'S DOCTRINE. Tho Pendletoninn idea of paying the Gov- orument debt in greenbnoky hias boen very generally revived nmoug the Damocrats, Aun old Georgin politicinn, recently in this city, doclared this to be the sontiment of the Bouthern Democrats, and that Mr. Pexpre- ToN ia their favorita Prosidontial candidate, Mr. Gouny, in sounding the key-note of tho Democratic campnign in Illinois, made it ono of tho consplonous points of his specch by an exaggerated statemont of the amounnt of moncy which the Governmont has lost by not pursuing this policy. Beveral of the Demo- cratio aud **Nationol” platforms, which to all intonts and purposcs amount to the same thing, have hintod very strougly at paying the bonds according to the ‘“‘original con- tract,” by which thoy menn to disrogard the Pnblic-Credit act of 1869, In point of fact, tho **Oiio idec,” as represented by Canr, Ewrxoe, and Taunyay, is likely to bo over- shadowed beforo thoe campaign is over by tho **PexNpLeTON idoe,” which was so over- wholmingly ropudisted by tho country in 1868, 1t is not necessary now to dwell upon the consideratious of national honor in connec. tion with this proposition; that phaso of the queation waa disoussed and scttled ton yoars ngo, In reviving it at this time, the Demo- crats avow their contempt for the obligation of a national contract and for the unational faith, which was distinctly pledged in 1869 to the payment of tho public debt in comn. Itisonly as n coestion of policy that the issue may now be discussed with {lise peo- plo. Iu this light, Mr. Gouny has declared that $600,000,000 was added to the public debt by the act of 1860, ™This assertion is based upon the assumption that the 5.20 bonds conld have been lawfully pafd in greenbacks if it had not boon for'the Public- Crudit aot of 1869, Such an assumption is not warrauted by any construction of the foan acts that is cither authoritativo or reasonablo. Mut, if it be admitted, then the atatoment that thero has boon a loss of £500,000,000 by changing from a greenback to a coin basls in the payment of bouds can- not besustamed by the facts. 'To begin with, it must be kept in mind that tho issuo of greonbacks hiad boen limited by Congreas to $100,000,000, and the Su- preme Court had ducided, in offect, that the issuo cannot exoced that amonnt. Whatever £-20 bonds had been paid off in greenbineks, then, would have baon paid out of the £100,- 000,000 outstanding ; and the greenbacks so puid could only have boen procured by the Governmont through the chanuels of taxa- tion,' I'herois no word in soy act of Con- gresw, noagreement with the publio creditors, reserving the nght to munufucture irredecm- able paper uotes for the purposo of paying off interest-boaring obligations, It is scarce- ly neccasary to contend that the ponply would not have submitted to any increass in taxation ; henca it follows that tho redemp- tion of bonds fu greenbacks would have been liwited to thg revenues sctually rajied in excuss of the ordinary expenditures of the Government, It {3 als0 clear that, if thero had been no gxtra issucs of green. backs, thelr purchasing value would have followed ubout the same counio that it has setoally tuken. The sctual saviug, thea,will bLe represeutad by the preminw ou gold dur. ing those years on the aniouut of bonds ac- tually bouglt in by the Governmont, The intervstebearing dubit of the nation has been reduced in various ways from $2,331,. 530,204, the moximum,”to 1,794,735,050, the latest figures, but the ‘smouut of 5-20 bonds actually paid off by.surplus taxes muy bo stated inround figures at $300,000,000,— represuting the veduction of thirteon yesrs, During thosu thirteon years the greenbacks had the following average value: 1866, 71 1807, 72.4 conts: 1865, 71.6 cen! centd; 1870, 87 crais; 1871, 8 @ conts ; 1872, 80 conts; 1871, 87.9 centa; 8T4, 8.0 contas 1875, 86.9 cents; 1876, 8.6 o % conts ; and 1878, 00.5 conts. Thus the nvernge value of greenbneks in gold during these thirteen years was a small feaction over Wl centa. If, then, the 5.20 bonds redoemed from surplus taxes hind beon paid for in greenbacks inAtead of coin, thero would have been n nominal saving of ) por cent, which on £300,000,000 would have mnounted to §27,000,000, instend of 300,000,000, as reckiossly nlleged by Mr. Gouny, But this sceming saving would havo been offset by manifold losses incidont to the nuheard-of aystom of discharging in- terost-boaring obligntions by payment in non-interest-boaring obligations, Wo only meantion one snch loss, because that alono wonld have been onough to overbalance the supposititions saving of £27,000,000. Wo rofor to the refunding of 5.20s into bonds benring & lower rale of intercst. Tho Inter- est nccount has been reduced during the samo poriod from abent $151,000,000 to nabout 893,000,000, or a saving of $1:8,000,000. Dedneting tho amount saved in interost on the £300,000,000 of bonds paid off, there has been n saving alroady of $89,000,000 in interest on £.20 bonds by tho rofunding process, whick would never have boen pos. #iblo if tho Amorican credit had been im. paired by the proposition to pay off Govern- ment bonds in irredeemable notes, Citing only this ono remit, then, there wonld have been a loss of $30,000,000 as ngainst a gain of 827,000,000 by the payment of 5.20s in greenbncks, or nn actual loss of $12,000,000 at the best, instead of n gain of 500,000,000, ns is claimed. Would this havo been a prof- itable operation ? Wo have sdmiited, for the purpose of showing thd oxaggeration of Mr. Gouny's statemonts, that the 5.20s might have Leon paid in greanbacks but for the Pablie-Credit not of 1869, As n matter of fact, howaver, Ar. Goupy needs only to turn to the act of Feb, 25, 1802, nuthorizing tho issue of 5.20 bonds, to find, in Sec. 5. that the duties were mado paynblo n coin for tho express purpose of (1) paying tho intercst on tha bouds, and (2) for the payment or pnrchase of tho publio debt. The 5.20 bonda were thns made exprossly payablo in coin by the nct which ereated thom, ‘There is anothier claim of the ropudiation- ists akin to the above misstatemouts, and exprossed by Mr. Gouny when he donounced the Refunding nct ns prompted by tho anmne purpose of committing the Government to n coin pyment of the national indebtedness, By condoyning the ot authorizing the re- funding of bonds bearing 6 per cont interest into bonds bearing aeunually 6, 4%, and 4 per cont interest, tho Democrats necessarily condemin a policy under tho operation of which the Government is sav- ing between $10,000,000 and $11,000,000 a year in interest, which it would hava been obliged to pay on the outstanding indobted- ness fn excess of the present interest ao- count if it had not been for tho rofunding process. Could anything bo more ridiculous ? It the Domocratio repudintionista cannot find any more serious charge agninst the Re. publicans, than that of adopting n policy which will rosult in the raving of hundreds of millions of dollars in the aggregate, thon wo aro confident that the people of America will know how to discriminate, for tho case ia 8o clear that he who runs may rend. This same Mr, Goupy, who has figured out a flctitious loss of £500,000,000 becauso the Government has not adopted the polloy of paying off bonds in greenbacks, says that tho greonbacks wonld have been at par with coin all along if they Liad bosn receivablo for all dues, including duaties. It i fulr to pro- sume, thoo, that if the Democrats had been in power they would bave made the groon- backs receivablo for duties and payablo for bonds and intorest. But whers, then, would havo been the gain in paymont of %7500,000,000 which hns been figured out? ‘Whora would have boen the gain over the present condition of things, if tho green. backs bad been at par with coin? All this is 80 much of & muddlo that the Democrats can only extricate themselves by avowing outright that the PrxpreTox dootrine, which they aro seeking to revive, 18 nothing more nor losa than humbug or repudiation, Among the demagogical and mallclous reso- lutions adopted by Burrer's Massachusctts Couventlon was the followlug: Reolted, Tnat the liberties of this peopla im- peratively demond that the far-reaching und deadly nand of ‘capltal, us it appears in the infutnons wmonopaly known as the Asiociated Press, must be torn frum the throat of public intohligenco, and the tolegraph compantes must bo forced to soll the daily newe upon equal torma Lo any paper, 0lQ Squlnteyes overreached himself fn ths resolution, Do it known tobim andall othersdo- ceived by his assertlon, that the telegraph com- pauy does not sell tho dally news to the Asso- viated Press at all. It slinply acts as 2 common carrier of the news roports filod with it by the ogents of tho Assoclated Press scattered all over tha country, Tho Becretary of tho Western Assoclated Press, who 1s connected with the Detrolt Tribune, replylng to BurLen's screech, explains the matter correctly: ‘Thoee who know anything about tho matter, and Buriar smong theny, know Liat ** tho libertfes of the people™ are not st all concerned. Tho tele- grapu cumpunios do not sell the duily nows to the wauclated Lrees papers ot mil. The Ausvcintod Press outaine the news through je own patd sueuts, and when obtatned the réports are as niuch lta own proberty ue the paid correspanicnco vl any purticular paper le the broperty uf tuut paper, ‘o Lulegraph companics whinply tranemit the news atastipulated price per thousand wonds, Sust asthoy traguiil privato messages wta stipulated price, or Justasihy oxp at o fixed v compan v 1Y privato property mit any wews that BusLzwor al civosce Lo send to uny paper. of ti.o complainte at the recent Awsoclated Vresa meoduy 1n this city wos that the Weslern Uniun was Liawuiitting news diu- at a lower rato Jor anotlier Assvciation would for the Western Avsociated Freas, waich 18 i Jargest mingle costomer, ‘That Asso- cratiun 18 %0 fur rom enjoying u muhopoly that it dloce not even ket the ratze Which the wagmtnds of its business would fulrly entitle it b, - a— e ‘The people of Milwaukee have mado a contrl- button to the fever-stricken peoply of Vicks- burg that will be as thuukfully recelved and ap- preciated as any donation of movey or goods that has yet been forwarded, Mes. Cranies Bcnusy, 8 lady of great capacity and intelll- peuce, and of bigh sucial position In the City ot Bricks, passed through Chicago Jast evening on her way South, whither she gucs 10 aid, as best sho can, thoss unfortuoate victins of pestl- lence whose cry fur hielp bas loug plerced our unwilling cars. Few, Indeed, thero be who are willing to take such a rlsk, wnd wll houner to those few who bave the subline courage aud Curistlan fortitude to follow the prompiiugs of such a phlfantbropic duty. 4 e ———— Ex-Becretary BRisTow has formed o law partuership with Measrd, UrDYE® & PrET and Gen. H. L. Bunsere, of New York, aud will Femove to that city as soon as his business in Loufavills cuu be closed up, probably fn Octo- ber. His law practive was very large before s entrance upow public lile, and'is more vrofitable thau ever now, e declares that he D13 uu expectation nor desire Lo berume 8 cun: didate for auy ppblic office, i women, *who were lust at the Cross uud first at the Sepuls clre,” woula take the lead in_the goud work of furnishing aid and comifort ta the sick andd;lug of the plague-luleatod South. Tuus they bave done vverywhere ali over the land, and are cu- titied to the high praise that is vo frecly uccord- ed o then ou all sidess The Auzusta (Ga) Chronfcle notlces Gen, Smirrps’ sarm ewlozy upon the women of the Nortl, and adus a word ol fts own: When the tene story of the yellow-fever plagus of INTR ahall he wriiten, it will_be fonml, we think, that the most prominent part, North and South, helonzn of rlght to the women of " the fand. We have tha tertimany of (ien, SnRLDA AR to the fontinient and action how nervading the women of the North, Every record from New Crleans, Urenada, Viekabure, nnd other smiften pinces, {8 redalent with the heeojsm and sacrifices of the de- voted women of the South. Manv inen have heen reensed of cowardice in leaving thele homen and familien to the merey of the world and the ravayes of the scotirge, hut we have seen no well ngihentls cated account of such basencss and treachery on the part of any woman. Ou the conirary, women of high and hambln atation, women in the garb of relizton and 1n the apparel of the world, women Juire os the team of anyels. and women-—Gon pity hem{--sotled with aln, bat with tee womanhoo nnoxtingnished, have braveda denth, starvation, misery, and all the woed thaf walt npon the pingue that Apares not by day ar night. We may not he. Tteve in the doctrine of total deprvity, but if it ia ever exemphiied the unfortunate beinz who tlius- traten it Is naver & female, Uon biess the women of the whole conntry | e ——— To-motrow tho annual reunion of the Twen- ty-third Ohio Reglment will bo held at Wil- loughby, at whicli Prestdent HAYes ls expected 1o make a littlc epecch. fle was formerly Col- anel of that band of veteraus, but it is uot lke- iy that the old suldlers will havo the exclusive lhonor of weleoming the President to Northern Ohlo, Tho cordial reception which the Presi- dent has met witn everywhere fo the North- weat on hi recent teip will convey s hint to the peoploas to the proper manner of entertalning the Chicf Magistrate of the nation. ——————— The 8t Louis Remublicn» of Wednesday, apeaking of Chlcago's yoMow-fever fund of 12,000 (It s much Jarger now), says that * Bt. Louis has alrendy left that sum {n the rear, and hes not got dons by any means. Its ten-thou- sand-dollar concert 18 still Lo come off, and even then theré will bo more tocome. We shall fight ftout on this line if jt takes all winter.”? Do your best, neighbor, and we will try aml cover the biggest plle you can Isy down ja such a holy cause, 7 e — ‘TaeopORE Tnomaa had alarge nudience at his beneft on Wednesday night laat, notwith- standing the fact that some of the New York oaners spoke slightingly of him since ho an- nounced his Intentlon to remove to Clacinnatt, 1t 18 sald that a very llvely effort s now being put forth4o retain Mr. Tioxas in New York, but he dentes sll knowleage of such s move- meat, and says his contract with the Clnctunat! peoplo has aiready been signed, and will be nd- liered to. — Beerctary EVARTS lias & fine farm in Vermont on which he fs roising some premium vegeta. Lles. o goes out early In the morning to plek the bugs off his patato vines, which remind htm of some of the annoyances that he sees In \Wash- inglon. **Theso carusites,” sald Mr. EVAKTa, 4 remind me of the ofilesholders that {nfest tho Capitat, You think you have got rid of them at night, but the ncxt morning they all come flocklng back as fresh aud poralstent os ever.” 2 R Bla Dooritres will soon take the stump for littio Dootirree. 1f by any fortuitous arrange- ment of flendlsh circumsatances, and {f the Lord 18 determined to chastise those whom Ile loves to the oxtent of permitting stich things as littie Jist's election * Lo overtako us like a summer clond without our special wonder,—thon it wiil be o merey it Jist will substitute the Judge and represent tho (istrict in Washington by proxy. —— To the Bditor of Ths Tribune, TacoNtA, Ind., Sept. 13.—Pleasa Inform me througn the columns of your n:xmr i you tnink wheat will agvance, and oblize A Sunstuinxi We think it will; but have no opinlon as to when it will advance, or the figure ot which it will turn upward. Our reporter asked a prom- inent member of the board of Trade to help bim In solving the problem, and reccived the re- plys I I could tell, I would not be hera to Jisten to your question.” —— The Republicana of Colorado have entered upon the campaizn with an Industry, vigor, and cnthusfasm that might be hmitated with profit by the Republicans of sonie of the older States. Their candldates are all first-clnss men, who ara making the canvass exccedingly Hvely for thelr Democratic opponents, PATTERs0X, who was voted into another man's scat by the Con- federatcs of the last Ileuse, will havo leave to stay at heme. e The Springfleld Republican (fnd.) is the su- “thority for saying that F. H. Munch, who beat Evazna Hara for Congress lu the Fifth Maing District, *“is probably tho least reputable Representative New England bas sent to Con- gress for a generation.” Aud yet it is over this fiznorant blattierskite's elcetion that the Demo- cratic press js exulting in loudest tones. e ——— The absurdity of requiring a majority of all tho votes toelect a Governor §s well Hlustrated in the caso of tho votes just cast in Maine. In round numbers Conxow gzcts 53,000 votes, Bauri 87,000, and Gancerox 29,000 And yet ftis expected that (ancerox, who only gots about one-fAiflth of the aguregate vote, will bo clected by the Legislature, Tt is sald that BMATT CARPENTER has 80 worded the form of petitfons to himselt to by a candldate for the United States Bunato that ho cannot possibly, n justico to humsclf, de- cline, e —— Iloracm WimiTa Is just now engaged in o little controversy with the New York Timea whether onv capital was destroyed during the War, Thus tar 11oRACE se to havo tho best of It. ——— POLITICAL NOTES, Senator Gronar HHunT, of Edzar, whois a can| didate for ro-clection withont uny spparout vp. positiun, Is stumplug the Thirty-lirst Distrlct with bis aceustomed ability. The Demoeratic Congrossional Conventlon for the Ninth Dlstrict moets at Yates City to- morrow. WiLsox, who was defeated by Bovp two yeurs ago, will probably b rougminated. In the Forty-fourth Distrlct thie Republicans are threatened wich the loss of one member by tha seltishuesa of Cnews, of Wayue, whose friends are likuly to plumy on hime The dis- trlet elected two Republicans in *7d, sud can de it agalo if the vota Is falrly divided. The Rockfonl Gazette stutes that thy Rev. J. C. 8toucuToN, who is runniog as a Prohlbition caudidate for Congress In the Fourth District, 14 o Bourbon Democrat in disguise. It is not often that Bourbou Democrats sssumo o tem- perancedisguise. In 1870 ho was beaten by Uen, FarysworTi aoly 1,700 votes, aince which time he has been everything by turns and nush- lug loug, Me stumped for TyLoRN iu 1576, To-Jay the Madison County Democracy hold a Scnatorlsl Convention. Col. 8. A, Buok- MASTER, ono of tho old relfablo Bourbons, witl be nominated for Secnator, and Joux J, Seine DLER, of llighland, and W. B. Prickerr, of Ed- wardaville, for Hoprescutatives, Pusckurrs bas twicy been a candidate for Stat Treasurer, and naw Yesires to co to the House to revenge blia- sl on come of his Bouthern Hlnuia.fricuds, Buckamastas was Spesker of the House In 08, and mewber of the lust House, Bexaawix F. Buriun, of fregrsnt memory, of thu firm of Kesusay & Buswzs, uow hip- podrowlug througbout the couatry, Is ao- nouuced to extibit st Indianapolls Friduy ang Terre llaute Saturday unext, At the latter place special arraugemonts 1y the shape of re- duced hotel and rallroad fares are offered, aud it ta safe to vredlcy that 10,000 or 18,000 Hoosters will Hsteo to” Ban's barbaric yawp, White the tiat men clalm the Lonor of Brrrxu's visit, it is geverutly couceded that he wil Lelp Vooyuess in bis campaign tor the Scuate, The lepublicans stand ® good chance of losiug u Reorescutative in the Thirty-sceond Distrs. ‘The Cunveotion vominated P. H. Sosauan, of Asols, but Moululs Coynty —ee holted, amd & subseauent Conventlon noml. natea J. A. Grecort. Nehther candliate prg. poses to declne, and the result will be the de. feat of NEAL, the leehimats candidate. Ty years ago NEAL was clected the minority meny- ber by a small imajority. ‘The Nationals are running a_preacher named Downy, of Monttrie, and he will get alarze vole from both the ol parties. Bhould the Repuhblicans divide on MonAny, Gracony, and NEAL, the Nationals will run theie man . The Republican Congresstonal Committee of the Fifteenth District faled to meet ot Pang Iast Friday, s advertised. The apathy in that disteict 1a unparalleled, and demonstrates thyt the men who ought to lead the party are gemor- altzed. Two years ago thoy let Sons R. Enry walk over the track witlout any concerted op- position, and now when Ensx has Leen heatey by his own friends and & singularly unpopular man put up—when the Democracy fa torn and rent asunder—the Fifteenth District Repub. llcans are even moro slothful than fn 1870, It 1 notorious In that district that Decrus wi scarcely poll morethan two-thirds of the party vote—that the chances for clecting a stralght Republlean never wero better, but even now the proper Congressional machinery can- not be put In motlon. For this unsatisfactory condition of affaira such old-time Ropublicans as Col. Vax Bertan, of Varis; Penitentiary Commissloner DzrANRY, of Mar- shall; W, L BAntow, of EMoghan; Eonerr CanLANAN, of Rooinson: Tost Arrensos, of Cumberland; Jacon WiLKiy, of Clark: and liaMLIN, of Shelby, are seriously to binme. 8lnce thu Maine election, we underataud, Fox. srris, the Natlonal candidate, hns becomo an advanced thinker, n flat man; and the result witl be n large defectfon of that class of men from Dgrcius to Fonsyrng, There is, to-day, s falr pluralley of the people of that district In apposition to Decius' Democracy and Fon- sY7iR's flatlsm, and the Repabllean party should not only put up its candidate, but mako a vigor. ous and successful flzht. ——— NECROLOGICAL. THE GYTP'SY QUEEN. Apectal Dirpateh to The Tridune, Civcinsary, 0., Bept, 16.—The funeral of Matifda Btanley, late Queen of the Gypales in the Unlted Btates, took place at Dayton to-day in presence of over 20,000 people. The pro- grammo ol acrvices did not differ essentiolly from any Christian burlal, It any exercises of a pecullar character took place, thoy were apart from the public demonsteation. There was u long linc of carringes, and services In the cemetery woro conducted by the Rev. Danlel Bergher, of the United Brethren's Church, ot Dayton, assfsted by o quartette from the church cholr of the city, The Gypsy Queen ddled in Vicksburg last Fobruary,and her body was cmbalmed in such o manner that it stlil rotains the natural appearance of lire. 1t wns placed In o vauit fn the cemetery, and every day members of the late Queen's family have come with resh lowers to strew over hier, ‘To-lny fere were o dozen Chiefs and their tribes fn the city from different ecctlons of tho United Statesto pay thelr last tributo to thedead Queen. Tho deccased was a plaln, hardy-looking old woman, with a touch of ey Mervilies in appearance, and a manoer indicative of strong and pronounced character. There nre storles told _ of her wouder- ful facultics of telllug fortunes when she pleased, and her romarkable power as & inesmerist, hoth of these qualities belng accounted for by tha fact that they were handed duwn to her as the cldest daughtér in the Stan- lr[y InmllJ. and wero socrots posseased by her aloue. Bue pusscescd a singular influence vver her people that has not entirely ceased with her death, Ier subjects came to Amncrlva (n 1834, and shortly after selected Duyton as their hesd- quarters for the suiumer nionths, and it becamo .t centro for tho (ypsice of the countey, They are goud neighbors,—industrious aud thrifty,— contrary to the usunlly-concelved fdea, - ‘They "have several large farms near the city, In tho winterthey pack up for the Bouth to speculato and trade, leaving one or two of thu tribe to look after thelr property at home. ‘Thoy ara reverent churchs people, and the relgning King, Levl Stanley, and s son aud helr, known as ** Sugar Stanley,’ are mem- bers of the L 0. O. F, in good slanding. ‘the gravo of the Queon, In which the coflln wlil rest, Is a box mado of stone alubs, jtvo feet deep and ten b[vwfonrln dlincnstous. Over the grave will be rafscd, {n the form of & wonument, o huge boulder eight fect lu diamoter, surmounted by a life-size flirure of the Queen fn white marvle, Daxroy, 0., Bopt, 16.~Matilda Stanley, known as thy * Gypsy Queen,’’ and recognized as such by all the tribes throughout the United States, waa burled at Woodland Cemetery in this city. ‘The Queen was a_woman of great fnflucncs among her race, 8ho dled in Vicksburg lust winter, and her body waa embalmed and pre- served until tho present time for the funcral, The cowmotery wus tllled with people, the funer- al attractlog visitors from the surrsunding country, 1t Is estiwated that over 25,000 peoplo wers fn attendauce, Representatives of prony- nent (ypsy fawilies from ull parts of the United States and Canadahave been assembllug i tho city for the ovccasion, aud the fuperal procession was a mile In length, ‘The ceromouy was vonducted by a winister of the Uulted Brothirea Churcl, and did not dliler from that of the Christian funeral, At tho close an uf- fecting scone oceurred. Tao cluldren of the Quecu threw themselves on the grave, tliling tie air with lamentatfons, Davtoun hus been for some time the headquarters of the Gypsies In this country, and the KKini, tho Lusbaid of the CQueen, lives near this city, sud owns a Jarge truct of ground. - OBIPUARY. Bvecial DispateA to The Tridune, Drcavon, I, Sept. 15.—~Walter Busher, aged 21, theson of one of our wealthlost citizeus, died last nlzht of typhald fever. Ile was to Luye beou married ou Tuwsday noxt. New York, Sept. 15,—Col. James C. Leath, nged 67, ons ot the oldest and best citizens of Memphis, died at 73 Fitth avenue, {n this city, He was Ueesidont of tiue Board of Police and Fire Counssioners of .‘\lr.-muuls‘ also Buperin- teudent ot sue publie schouls. Col, Leath died of congustive chills, 110 waa a son-ln-jaw of thy Wey, Ueorze White, of the Episcopal Cliareh of Memphls, whuse son dled thers ob sever, MORTUARY, dpecial Dispateh Lo The Tyiduns. MiLwauses, Wis,, Bept, 16,—The funcral of the late Edward M. Hunter was held thls after- noon from thy residenc of the decoased, aud was largely attended, Tho ceremonles wers under churige ol the Bur Assosatlon, and Cone gressman Lynde, Judge Mallory, IL L. Latmer, Jotn W, Cary, und otier Jeadfny muembers of the Har, were Inuttendauce, ‘The R Bpalding, ot the Epscopal Churel, off The remalug wers interred In Foreat-Hom ctery, sud u Jargu provession muved Lo thegrove. SUICIDE, Rpecial Disutch 1o The Tribune. (nAND JUNCTION, I3, Bept. 14.—Dankl Strite, o bauker of this place, commlited suleido by shuuting hhinse!? with s sluglo-barceted gun on his furim aesr Rippey, & towu aboat six wilcs from here. No causo cun be assigued for the decd. Mis busiuess and family relutions were of suo pleasunteat, 1y loaves w wite in deticate health aud one ehlid, ‘Pis budy wus brouzht home on the woon traln, The Coruuer wil nold sa tuquest tuls afternooy, HEART DISEASE Bpecial Dissaich to The T) e, WarzrrowN, Wis., Scpt, 15.—August Black, ex-Clty Treasurer, while wllking bis cow this wwrolug dropped down dead of heari-discase. e — THE PRESIDENT, Tor.#po, Bept. 13.—A committea of eftizens vislted President Hayes at Fremont, yestendoy, and juvited hiw to speud the day here duriug the tn-State Fulr which opens to-morrow, The President scecpted the luvitation, sud will bo vresent on ‘Thursday next. Toe weather fur tue opuaing duy of the Fulr now pronises to be tavorabie, und “arraugeincuts are complete tur tha luauguration of the Fxpoaition ou u larger scile LuaL thae of by previous year. e e—— — OCEAN STEAMSHIP NEWS, NEw YOBK, Scpt. 15—.Arrived, tho yteamskip - Erln, from Liverpool. . Loxvoy, Bopj. 15.~The steamships Alg{rl.\. Labrudor, Neyads, aud Adriatle, from New Yourk, wrrived out. QuErNsTOWS. Sup. 15.—Arvived, thy steamn: lhly Ciey of Cha r from New York, Prysovts, Bept 15.—Arrived, the steamer Hurder, trow Now Yori for Bamburg.