Chicago Daily Tribune Newspaper, September 19, 1878, Page 4

. . - M ; 3 % i ' 3 o 2] T CHICAGO TRIDUNT: TIHUREDAY, hna been for many yeara editor and proprie. tor of tho Daily See-Hote, n paper which is rrcognized ag n Catholie organ thronghont Winconrin, althongh professedly a seeular and politienl newspaper. Mr. DyusTeR has beon a momber of the State Senate, and is an onsy, fluent apenker in German and En- glish, avd fs n popular and affable gentle- wan. Ho is for honest meney, and can put enough of it of his'own into the cauvass ta make the boys * shnke her up " right lively. ‘The district is the most important, wealthy, and populons one in Wisconsin, and is compoged of tho Conntles of Milwankes, Washington, and Ozankee, the population of which is at lenst three-fourths of German birth, or extraction. It is also largoly Democratio, nnd nil three of the connties had draft riota daring the War, and in Wash- ington snd Ozaukeo Uountiea n regiment of soldiors had to be stationed to keep the peaco and enforce the draft. Two years ago tho vote stood for Lynpx (Democrat), 17,653, and for 8xitn (Republican), 11,952, Of course in a distriot where a nomination is almost equivalont to an election there aro nnmerous candidates who volunteer their valnable services, and sa conscquence the Bonrbon mind has been very much torn up and ongrossed in regard to this nomination. Mr, Deustzawns the winning lLorse ln the race yenterday, (1) because he fa 8 German, and (2) becauso lio in & Catholic. On both grounds have the electors of the distriot boen ap- penled to for support, and the resnlt ‘shows that they have promptly responded to the demand made npon them, Tho claim waa put In by the DxusTen party that the Ger- mans have done the bulk of the voting for many yoars,—alwnys supporting tho rogular nominee, and he always an American,—and that now the time has come for a substantial recoguition: of their faithful services, pro. vided they furnish & worthy and competent candidate. After Lrvpe it iso’t hard to allow ‘the claim. It was Lxvog, ik will be romembered, who first voted for tho bill creating the Electoral Commission, and then, when le found that the Judges stood 810 7, be mada a violent speech fn the Democratic caucus in favor of backing out from what he had agreed to, Tiye Tribyme, | SCRIPTTION, TERMS OF SU AT MAN~—IN ADVANCE—POSTAQE PRETAID. sty st AW rekly, T'attanf A 3087, oot wonth, WREKLY EDITI 1o caps, per Cinl-of Tour. £pecimen coples sent Give Fost-Office address In fall, {acludiog Btate and County. Ttemiitances may be made either by draft, express, Tott-Uffice order, ot In rexistered letter, at our risk. TERMA TO CITY SURSCRIRERS. Dafls, delivered, Eunday excepted, 25 cents per week, ially, dejivered, Bunday Ineluded, 50 centa ner week, Adidress THE TRIBUNE COMPANY, Corner Madison and Dearborn-sis.. Chicsgo, Qrders ot the dellvery of THE TRIRCNE at Eva frlowood, and Fyde Park fefi fn the countin will recefve promptat % — TRINUNE BRANCH OFFICES. Tre Criicaco Trrara has established branch offices fer the receiptof subscTiptions and adverunements a8 followa: NEW YORR~Toom 2 Tridune Bulldtog. F.T.Mer FabneY, Mansger, X FARIE, France-No, 16 Rue o s Grange-Batedere, 3, Mauzxs, Agent. LOXDON, Eog.—Americsn Exchange, 469 Btrand. Hiraar F. O Agent. SAN FRANCISC AMUSEM W cVieker's Theatre. Modison street, between Dearborn and State. Fa- gagement of Joseph Jederson, **1itp Van Winkle. » Haverly’s Theatre, ‘Dearborn street, corper of Montoe, * Uncle Tom's Catta. " atres and Tatmlle. Kne Henry VIIL" I Toeley's Tandolnh street, hetween Fagement of Join McCulloug) Hamlin's Theatrs, Ciark sireet, opposite the Court.Iouse, Kaisd Queen." New Chlcngn Thortres Ciark street. opoosite Sherman Huuse, gagement Flends.” “The *Ths En- New Academy of busic, * Tlalsted strect, between Madfson and Monroe. Va- ricty cotertsinment. Exposition, Lake shore, foot of Adsma sireet. THURSDAY, SEPTEMBER 19, 1878, BEN BUTLER'S MISSION. Bxn' Butixr is now placed ina position where ho will play the most “1mportant part in the political droma of the next itwo months, ‘The snccess or failure of his bold and unacrupuloua tactics will exert an influ. ence beyond the State limits of Massachn- sotts, and go far towards determining for the country at large the status and amms of its political parties. His own conglomerate politics is typical, of the disintogration of various politiéal slements and the formula- tion of » new issae, or a bundle of issues, that threatens to wips out of wxisteuce one of the twogreat partics that have beon pitted against esch other for the past thirly years, Burrea has claimed to bs a Repubiican in politics ever since the outbreak of tho Re. bellion, though he had proviously been a Democrat of the most rabid chamoter. e was elected to Congress as & Republican in 1876, Dunng the lnst session he gradu. ally broke away from tlte Republican party ond -afiliated with the Domocrats, but carefully sefrained from commitiing himself formally to the latter. 1In the mean- timo he improved every occasion to pander to the Communistioc element in his State, and to the gentiment in favor of *‘absolute ™ or **fiat” poaper, as the sole and exclusive currency of the country. Ho becamo re- sponsible for Kzanney as‘far ns ho dared, and boldly proclaimed his approval of the wildest schemes of the curreucy Junatics, including flat money, taxation of the bonds, and payment of the Guvernmont debt in gresnbacks. During all this while he courted the favor of, and earned a recogni. tion of Lis services from, the Democrats, by bis persistent cfforts as o member of the Porrer Committee to fix the charge of fraud upon Prosident Iavea and those prominently associated with him in the ad- winistration of the Governmont. ButLes’s avowed purpose has been to run for Gov. ernor of Massachusetts as the candidate of the Communists, Fintiats, and Democrats, with & view to bia later candidature for the Presidency underthe same auapices, Hohan ocarried ont his project to the extent of se. curing all the nominations for which he hns intrigued; and now comes the trial of strength in Massachusetts botween the Ropublican party, representing all the conservative forces of Government und soclety, and the Nation. aly, which juclude what we have herotofora dosignated Communists, Fiatiats, and Demo- orats, Large numbers of individual Democrats all over the country, as wall as in Massachu. sotts, will repudiate BoTeex, aud seck to de- fend the Democratic party on the ground that Buriks captured the Mussachusatfs Democratle Convention by frand snd vio. leuce, Nevertholess, he captured il, snd thuy sigoulized the first victory of fraud and violonce, which are the principal weapons of the new party that he seeks to lesd. The Daomoerats of Mausachusetts kad full warning of Burrza's purpoav, Hiuinteution to secure "the Democratic nomination, as an appendago to the womination by the Nutionals (Com- munists aud Fintista), hag been known for mionthy,sud basbeen encouraged by prominent Democrats of Massachusotls and elsewhers, in and out of Congress, It was with fall notice of his candiduture that the Democrats of Masuachusetts elected delegates to the Worcester Couvention; and,’ after tho row aud the secession of the anli-BurLes faction, he was nominated by acclamation and amid chioors, In a Convention represonting seven. vighths of all the cities aud towns aud about three-fourthn of all the delugstes eleoted, The actiou of the Worcester Convention, then, may be fairly assumed as representing tho bulk of the Democracy of Massachusetts, In spita of the advantage taken by the Bor. 1x8 wen, aud notwithstandiog the row that occurred, his nomination must be regarded 84 the deliberate notion of the Convention, bycausa it was made by 8o large s major. ity, and nftor the suti-BurLxs men of the Btate had been at work for weeks to defeat this very outcome, Have the Massachusetts Damocrsis swal- lowed Burees, or has Burixs swallowed the Massachusstts Democracy ? We are lnclined to accopt tho latter as the more accurate slatemuent of tho case, Buriza declared his desertion from the Republican party, but re- Tused to join the Demoeratio party; ho sought his nomination primarily at the hands Greenbacks at the Now York Stock Ex. changa yestorday closed at 993, So far ns heard from, the presont Ministry of Arrxaspir MackeNzre in Caoada will have but fifty-seven supporlers, while 120 Tories will clamor for the return of Sir Jous A. Macooxarp to the high office from which he was %0 aummarily cxpelled by the popular indignation following the Canadian Tacific exposures nbout five ysars ago. An cra of high tariff will now supervene, The Democrats of the Fonrth Wisconsin District yesterday put themselves on record squarely in favor of sctnal money, the only monoy that equally to the advantago of all classos and conditions of men, viz,: & cur- rency of equal value and convertible inte coin. In addition to their actnsl.money platform they nominated an sctnal.money man for Congross, leaving the Fintists to mnko the most of tho opening thuspresented. The first of the series of lectures by Mr., Taox4s M. N1duon, Becretary of the tHonesi- JMonoy League of the Northwest, was de- livercd last evening at Farwoll Hall, and proved to bon most ontertalning and in- struclive discourse upon the worthlessness aud unconstitationality of fiat-money. 'The ability of the lecturer and the importance of hin thomo “should secaro for him a liberal hearing in Chicago. A general tono of encouragement and hopefulness is ntieel in the dispatohes this moraing from * low-fever oentres. At New Orleans (he 1-vling 18 quite positive that the woral iy over, and that a stoady improvoment may bo looked for hencefor- ward. The sawe is true at Vioksburg, whero the reopening of business places is a sign of returning confidence. Even Memphis finds reason to hope for bettor things st band in the marked decrense in the deatb-rate and number and vimlency of the new attacks, ' Tho Citizens' Relief Committeo’ yesterdsy made a heavy disbursoment of fuhds intend- ed to ronch the places whero monoy fs most nceded nud will do the most good, They rent in all $7,000, $1,000 to the Now Or- lenvs Ifowards, with instructions to divide it nt their discrotion among other local organ izations less plentifally supplied with cash, und also to distribate s portion for the bene. fit of Holly 8prings, Cauton, Greenville, nnd such other points near by ns are 1n need. ‘I'o the Memphiy Howards $3,000 wero sent, with similar advices as to the manner of its dusbursement, Tt is interesting to nate (he dilferances of opinion provailing smong sugar-refluers re- gurding the eflicienoy of the presgnt tandl on sugnr and the mode of ita collection, ns shown by their testimony yesterday befors the Congressional Committeo engaged in the investigution of the subjoct. Witnesses rop- resenting firns grown lunonsely rich in the sefining busincss bore testimony to the vigilunco aud honesty of the officinls who collect the duties, and expressed their disbelief in the existence of frauds of ony magnitude worth meutioning. Other witnesses wero equatly positive af the oxist- ence of exiensivo frauds, ono presenting figurcs to show that the Government loses uonually ¥15,000,000 under the present sys- tem, while another kuew of great frauds and of thu parties who comumitted them, but a8 b 8 inforinution was of a confidential na- ture he could not discloss it to the Commit~ teo, — The orderly und barmonious Convention “which met at Worcester yesterday was in striking contrast with the Lowling mob which burglarized Mechanics’ Tlall the day beforo and Leld the peace-preserving suthori. ties ot defiance, The Republicans of Masua. chusctts never had 50 rouch causo to work together solidly aud clectively as they bave in the pending campaign, and the proceed. ivgs of yesterdsy’s Convention shows sn absolute unsniwity of feeling ay to the mecesuty :.of demoustrating’ their old-time capacity for produciug desired results, ‘The tigket nomigated was one of the siropgest that oanld have besun pat together, and the platforin {s one whieh is culeulated to solidify the anti-Bories ele. ety throughout the State. With such an equipment for campaign work, and with & perfuct usion of {eeling aud. purpose, suck. e hns 1ot been known for ysars in the party orgamzation ss a whole, the proapect’ was never more flattering for & sweeping victory. . The Hon. P. V. Dxustes, whio kras momist nated yesterday at West Bood by the Demo-’ crats of the Fourth (Wisconsin) Congres- sional District, is » wellknown German journalist aud politician of Milwaukee. He bebialf of tho doctrines roprejunted by Kraz- AEY, 80 far as labor §s concerned, and by ‘Brick Poxizoy, so faras eurpency is con. corned. . ‘Yo Damocraty have accepted Lim under thess conditions, and placed - such strong party men a8 Osrrn Cusumg and “BorLx O'Ruiiiy ulr)\ tho same tickel with - Lim 1o gwphasizp Dewy io - acquiescence in Butle:ilm-‘ o m i h :- It looks' very ‘much “as’' though Burres's mission is to destroy the Dewmocrutio purty, of tie Nationuls, and his campaign will bein* and the ma aro that ho will smeceed in doing this, whether ha be eleated Governor of Massachusetts or not. If clected Governor, it will ho mninly by Democsatia votea, and it will ho necesaary for lim to securo practically afl of them in addi- tion to the Fiat and Communist vote he ex- pects in ordor to succeed ; nevertholess, he will be elected even in that case as the National eandicinte, and the Democratio par- ty as such will have abandoned the fieid. I he be defented, as ho may ensily bo aven if he receive the bulk of the Democratic votes (for Haves' majority in 1876 was 41,29 in s total vote of 239,619, and Riox's mafority Iast year 18,070 in & total vota of 184,431), then tho country will atill bave had formnal notiec of Democratio nffiliation with Communism, Fiatism, and Butlerism, and the same odinm that will drag it dawn in Massachusetts will operate similnrly olse. where. If the Democracy of the staid, proper, and conventional State of Maasa- chusetts ean atomach Borvem snd the doe- trines he ropresents, then Democtacy in other parts of the conntry will ba credited with the same gastric endnrance. Hence tha* altornative for the Damocracy seema to he, ~disgraos In casa of ButLen's defeat, and dissolution in case of his victory, The platiorm adopted at the Worcpster Convention is.the most nconsequentinl picca of political literainire that has beon promml- gated during the present campaign. To ro- vert to such names as those of JErremsox, Maipisow, and Jacxsox in & Convention that nominates Botrer; to denounco frand and corruption In a Convention which had been eaptured by fraud in Lhe intercst of a gang tepresenting Communism,; to eall upon all % good citizons” . to co-operate with the Democrats nndorthe promiso that they rhould not ba held bound to the party, in a4 Conven- tion in which the party had committed hari. Xari,~all this is so illogical thuat it can only excitoe contempt. Tho platform ia ailent on the subjeat of currency, and properly so, for the Convention told tho whole story by now- inating Buruzr. "Thoy thoreby reatlirmod the plaiform of the Counvention of the Nationals at Noston last weook, which de- maonded the repent of tho Resumption act and the issne of *absolute monoy" inn volume determined by the population; can- demned tho uvo of gold aud silver for money, because they aro ** commodilics of shifting value und articles of merchandise,” aud -iue ferentially advocated tha payment of bonds in frredeemablo flat paper money, ‘With the rosnit of theMaine election clear- Iy before them, tho Demoerats of Massnchu- sotts huve adopted Borien, with all that his name iwplies at this time. Even a partial success in Maine of tho dootrines he repre. sents has annibilated the Domocratic party of that 8tate, leaving the contest $0 the Re- publicans on thae ouo Linud, and on the other hand the Nationals, including Communists, Fiatists, and many that formerly callod them- sulver Democrats, Burzza's success in Mas- sachusetts, if it be possible, will probably complete the muicide of the Democratic party ; if not possiblo, his defeat will overw whelm that party with disgrace, The case scems to bo made up, in spite of individual protests among the Democrata; aund the party, in taking Communism and Fiatism to its bosom, has warmed two serpents into life that will sting it to death, THE NEW BOKRD ERS, The proprietorship or owuership of the bondoed debt of the United States is uandor- going a ohange. When the bonds were ex- changesble only for coln, and coin was at such & promium thotit required $1.00, or $1.25, or $1.20, in paper to gat #1in coin, the purchaso of o Government bond by per- song of small means was comparatively n re ocourrence, Since the greenbacks have approximated to coin value, the purchase of bonds of $500, §100, aud §50 have become more frequont, and wince the diffcrence be- tween coin aud paper has got losa than 1 per cent, the purchaso of amall bouds has Tap- {dly inoreased. We have alroady printed the statement of an officer of the Tressury, in which be fnrnished some intoresting figures, illustrating the chauge in tho comparative sizo of tho bonds, aud indicating the change in the ownership of the public debt, Hov takes thacage of the first issuoof Government bonds iu 1803, they boing then somothing of a nov- elty, and the bonda of 1865, which wore of- fered in exchange of the varions formns of temporary sucurities outstanding, and the now 4 per cent bouds, now issued.from the ‘T'reasurys -Ha givea the avorage wumber of bonds of ench denomination, representing ench $10,000,000 issued, and the figures compars as follows : 1802, 1808, 1878, Donda— . Ao, No.! Vo, 1,000 ..o 7. 20 B0 i, 140 100 'l 1,070 200 2,00 B, 804 The increass of “tha number of the $100 and $50 bouds, aud the decrease of thu number of boods of tho higher denomina- tivus, indicates that theold bonda of ‘the targer douominations, as they are called in and canceled, are replaced” by those of the swatler denomioations, ‘The larger bondy are preferred by corporations and by per wous aud cstates having large sums to Invest, while tha smaller bonds sre gencrally taken by thosa whose immcdiate means arv repro. sonted by the sum of the single bond taken, The number of $100 bonds purchused in 1878 is four t1mes 83 great as nnder either of the previousloans, whils that of the $50 bonds 1 twvice us great. In 1802 the whole number of $100 aud 350 bonds in each §10,000,000 was 7,080, and in 1863 tho number was 7,880, while in 1878 the number is 24,930, The large proportion of thess bonds will each represent a holder or a family, thus showing the large iucrease in the number of persons holding a portion of she public debt, Tho aggregats iusue of 4 per cent bouds will probably oot be less than 2600, 000,000, and.if the proportioh of 24,430 small bouds to each $10,000,000 be majutain. od, the pumber of those bouds, each represont. iug an average of one individual, wil) reacts nearly 1,500,000, Yo this must be added the number of persons holding $100 and $50 Londs of the 4} per cents sud of tho 5 per conts, and the probability is that in & eom- paratively brief time there will be over 2,000,000 of persons ¢ famllios holdiug @ $50 or a $100 boud of the Unitod Btates, . 'T'hat this estimate falls short rather than oxcesds probabilities it is uecessary only to semember that the deposils onv year ago in the savings bauks of thé country wurv over, $1,200,000,000, - Ooe-third, perhaps, of thiy was ip doposits oxceeding $1,000 each, but thedepositacf the groat mass of other dopouit- ors did not average over $125 The savinge. bauk -system has sioce then experienced a serious shock | public confidence has been lost ta s grest axtent; and the teudency is for persous of small saviugs to pit thelr §30° or $100 in & notional boud, which, when vegistered, ‘furpishes uslimited security both of principal aod jutgrest. I tbe’ bill 'sutborizing bonds of @25 'had passed Cougresd, & very large cluss of pes- 0D, whose sarings de nat reach promptly reck that formi of safe deposit. Thera is no rensonnbla daubt that the Treas- nry, if feft alone, and permitted to reemse greenbacks in exchangs for bondw, will ba nlil: €2 vetiro all tha ontstanding 6 por cent honds, and replace thent with 4 per cent bonds. Having nccomplished that, there will always bo a popnlar, demand for a bond abfainable at par, and the tssua of 4 per oonts, or everl honds of A lowet rate, may go an =0 long as there is.a 5 per cent bond out- slanding. . The best army to resist Commnnism, to arrest nnd punish disorder, to enforce law, protact personal liberty' snd property, and to maintain natlonal credit, will bo the army af three or four millions of persons each Yapresanting a (amily, and each holding, as the snvings of his labor and his thrift, a na- tional bond for §50 or $100, or several of such bondg. By these porsons the denunciations of Rearvey and Brrrza against the *leche erous bondholders " will be properly appre. riated and as properly and effectively re- sented. The nationnl debt will be the prop erly of thg people, each man holding s share in it, and each man direatly and pecumarily interested in preserving the national credit and tho nabional peaco. ————— THE MONEY OF FRANCE Tho Greonbackers' nre forever in their gpecches roferring to the financinl prosperity of France, and genorally. attribute it to & supposed sbundauce of legal-tendor paper money, which paper money they assert en- abled France to pay off her indomaily to Germany. ,We have more thau ouce given the facts in relation to the French monotary system, and now reproduce the statement, and 1f tho flat-money people can derive aify comfort or auy support lo their views from it, thoy are wolcome, To us the example of France furuishes the stranzest proof that thio beat and wisost policy for suy embare rassed Governmeont to pursue is {o maintain the whole businessof the country ona apecie basts ns firmly ns possible. flio Bauk of Franco was founded and be- gun opcrations in 1796, with a capital of 40,000,000 of franca. It wasa privale cor- poration, Among its privileges was that of issning promissory notes payable at sight. At thnt timo thero were several other bauks in France authorized to issuc notes, Ina fow years the nffairs of the Bauk haviog beon o well managed, it had Increased in credit and in eapital, In 1808 France adopted its present coinage system, and in the same yenr the capital of the Bank of Franca was increnscd to 43,000,000 francs, or 29,000,000, and the Baok wns granted the axclusive privilega for filteen yuars to issue bank potes. ‘Threo years later the capital of the Bavk was doubled, and in 1808 it was required to open Lranchas in the prov- inces. Branches were opened at Lyons and Lille, but wore subsequently closed. In 1808 the Bank obtained many additional privilagos, louding the Government 40,000, 000 of francs, Bubsequently the Government authorized the establishinont of o nuinber of fres bauks in the provinces, and mmany of these grew into profitable and flourishing institutions, and between 1845 aud 1830 tho Hauk of France boegan-the work uf absorbing all these rival institutions. Theso Lranches of tho Davk of Franco aro now numerons enough, to supply nearly every large town in tha country. The original grant of the cxclusive right to issuo bank notes was renowod from time to time. Ju 1818 occurred the momora- ble rovolution which overthrew the monarchy of Louis Puiirprand established the Re- public, Though there is no political connection botvween the Government and the Baok of " France, and their re. lations aro purely of A business char- ncter, oircumstances rendor it possible, if not necessary, for them to render mutual assistance, and the foot thst either can, when nocessary, obtain assistonce from the other, gives to both that degree of popular confi- denco which hns carried them through so many trinls aod diffcultios, Dut tho rovolu- tion of 1818 produced, as was natural, groat distrust ; the Bauk had made largo advancos to the City of Paris and to the General Gov- ernment, and there waa on immense tun on the Bauk, Specio was domanded for its notes. All France was couvalsed,—tha Gov- ernment in power at the time being merely provigional, Tho presorvation of the Bank waas essential to the Governinent, and sodes- perate and persevoring waa tho run that to savo both the Government and the Bank pernnssion was given to tew- porarily suspend specio payments, Gov- ernment being a large debtor of the Bank, the notes were mude legal-tonder during the suspension, The wuspousion was of brief duration; & permanont Goverument wassoon established ; coufidonco was restored, and the Dauk resumed specio payments i 1851, and with resumption the bauvk notes coasudd to ba a legal-tundor, Tho depart. wenta) buuks were ovusolidated with the- Bank uf France, aud in 1857 the capital way iuereased Lo 182,000,000 Lrauics, aud the char- ter, with the exolusive yight to issus bank notes, wna extended to 1807, When the war with Gormanysbegan, the outstunding uote circulation of the Bank was sumuthiog ju the ngighborhoodof 1,400, 000,000 francs (ur $280,000,000) 5 the Gov- erpmont, nosdlug moyey, authurized an jn. crougdd issus, aud st the close of 1870 the outstauding notes were 1,700,000,000 france ($310,000,000), In July, 1871, it bed roached 2,000,000,000 raucs (3400,000,000), sk before the year was out to 2, 400,000,000 francs (§180,000,000). Finally,” the swu authorized to be lssued was raised to 3,200,- 000,000 franes ($640,000,000). Thialncroase of the bank.note ivsues was iu proportion to tha increase of the dabt of the Givern. ment to the Bank,~iho extraordivary issue belug loaued to the Goyerument, Tho Goverument, fu cousideration of theso loans of notes from the Bauk, author- ‘ized a wusponslon of specle paywents, and made the bauk notea a logal-teuder, the Uovernmont ocoutracting ta repay the Bank in succeasive annunl fostallmonts of 200, 000,000 francs, until snoh tine as the debt to the Bauk was yvediged to 800,000,000 fraucs ($60,000,000), whon tho Bauk should Josume specio puymepts, gud ils potos should cense to be & legal-tender. The time eatiwated iu which the Treasury should thus repay the Bank was fisqd st-Juu. 1, 1878, Tue totad incregen in, fho swount of bank potes wag abont $360,040,000 of our woney, sud the highest amouns of paper mouey su- thonzed st any time was§640,000,000. Tba Goverument of Frapco,'ps woou a8 it gould flo so pfter the war, addressed jteelf tothe: sdoptioh of wuch messures as would secure the’ speediest reswunpilon of .apecle paye monts. It rovised iw 'revenue laww, in. treasing al} the matiohal tazesq and it offered pational off the Gurmnus, thd" reveuns, a9 fast a3 it was collpcted fropn taxes and from’ Joaus, wus paid over to the Bink in back notes, sud theso uoics ‘83 fust oY received SUPTEMBER 19, 1578, - goN, the London manager. loans. - Having paid, from the C(loverumont wero canceled and Qastroyed by the Bank,—thoe paper carvancy undergoing a steady and rapld eantraction. Tho Bank, long befora tha time for re- amption, bogan the work of contraction. It ealled in all the extrnonlinary isgues. First, all the five-franc notes (1) were enlled n aud redeemed in silver; then the twenty- five-frano notes (83), fifty-frane ($10), 200- franc (840), and 100.frano (#20) notes ware taken up nnd destroyed, and coin rapidiy rushed into gomeral cironlation. On the 18t of Jannary, 1878, the Bank formally ra- sumed spacic paymants, but had practi- eally done g0 years before, Specle pny- ments having beon fixed to toke place in Janunry, 1878, and the amount of paper being constantly reduced, tha bank notes nevor suffered any serions depreciation in valug, On the first of February, 1878, one month after specle payments had Leen re- sumed, the Bank of France held: Gotd coln and _tulljon, Hilver coin and bailion Tota! at Bank in Pa; Tn pranch banks— Gold cuin and bulilos Silver , 408, 830,474 188,600,000 88, 000, 000 Grand tat Too7i,000.47% Eqtal in American doflars to.. 800, And, in addition to this, the people of the conntry, who do.not deposit thelr money in banke, had their stock of cash in silyer fve. frano pleces smounting to several hundred milliona. ; 1s thers anything in this most admirsble and successful management of the finauncial affaivs of Franco that suggests a resort to fist money? France {ried fist money i1n former days, and the siatesman who would now advise s renewal of the experiment in that country would be short-lived in puolie confidonce. France paid the Germon in- demnity and the domestic cost of the war by the issuo of bonds and the collection of taxes. In fivo years aftor tho Gormaos had withdrawn, France had canceled evory legal- tonder mote in the conntry, bad resumed pecio paymonts, and tho whole paper eur- rency (bank paper) wns reduced to about $400,000,000, all of which is redeomable on demand in coin, We snbmit these facts, which convey thoir own lesson. France lias au abundance of coin, which is in uni- versal citcuintion; has mo national paper monoy; has no paper legal-tendor monsy lins & comparatively small sum of bank paper, redeomnbld in coin, We have nesrly £700,000,400 papor of all kinds,—one-half of which is legal-tender,—aud the salvation of tho conntry, it ia claimod, dopends onissuing an indefinite number of additional millions of nnow kind of paper, whick is to be frro- decmnble, and the advocates of this policy assume that this policy is urged by the ex- ample of France, e —— THE OPERA BEASON. Thero acems to have boen n hitch in the arrangomonts for the fortheoming senson of opera.in Now York, outlined by Mr, Marre- The New York- ora accordingly, who have mot’ yot got over mourning tho loss of Tmouas, wero all the mare distregsed by this fresh loss that threatoned them, ns they had counted upon tho Marrrsoy troupo to compansate for the departare of tho great conductor to what thoy regard as o provineial city, alihough it oan, like Chicago, outbid them two to one for a really good thing. Tho tronble in this instance was very much like that in the case of Taosas. It takes them a groat whill to fiud ont what a good thing is, and when they hava found it out, even thon thoy dou't know anough to keep it. The cause of the hitoh appoara to. have beon morely a financial one, which is usually the character of all hitchos in Italian opera. Aoney makes the prima douna go as well as the mare. It is said that Mr. Marizsoy is somewhat hard up, if such a plebeian term may be applied to an impresario. To place his troupe in Now York he.noeded a certain amount of funds, which he requested the Neow York Academy managoment to ndvancs, gither in nctual money or in equally solid guarantee, tho guarantoo being asked by his artists as a condition of their coming to this country.- How the hitch was gpitled we do not know, but it has been, if any reliance can bo placed upon the word of s0 important n porsonago as AvousT BeLMoNT, the Prosl- dent of the Academy, The musical banker informs the New York Herald that every- thing s lovely, aod that the trumpots which have blown 8o loudly have not been flourisbed in,vain; that Mr, AlspresoN is really coming to New York; tlat ke will bring with him all the artists whom ho has announced, and *‘that the appronching winter will ioaugurate an operatic revival unequaled sinco the duya of tha famons Astor-louse Opers,” snd this, too, notwithstanding Mr. Max Srtna- xason's uok very romarkablo fears that Ar. Marrzson will not ba succesaful, Who over know n grocer that has loug had themonopo- ly of » ueighborhood willing to acknowladge that the new rival over the way would be succossful? ‘While the opora-goers in New York wore in the duwmps it was not singulsr that the popors of that city refleoted their disap- pointment and serjously discusaed the ques- tion whather Italian opera could oversbe sustainod in this country. With one acoord thoy ogreed npon the polnt thet Italian opera ison exotionnd aluxury. Of course, all thiv is very abaurd. There {u, in the firat place, no longer an Tialian opora. The so- called Italisn opera is no more Itul. fan thun the operns givon by the Hesa tronpe, There are wnol o dozen important Halian singers on tho stage in the world, ‘Ile ropertoire i no lopger distinetively Italian, - The German has brokeu futo it on all wides, Neither ja opera nucewsarily a juxury or au exolio. It {s tho most popular of all amusgmonts, and the uost entertaining form in which muvlo can bo presonted to the massea. The symphony hus but a ensll aud select constituency; the opors iv for every one, I niue cadop ont of teu, the success or failure of a seasou turns npon the prico of the ticket, Justso long as mavagery Lave fo pay oxtortionnte sums to artists, they will bave to duimand au extorfionats snm of the publlc, and just %o loug thie opera will ba » fuaucial failure. Tt i3 a woopon tlmt: cuts two ways. - It the manager has {9 pay the leadiug prinia doyna £1,000 or §1,300 & night, and three or four otlier legding artists -in that proportiqu, of necsssity the remuinder of hls troupe must be of poor quality, his accessorios meun aud tawdry, pyd his cnsomblod thin aud weak. Dolween the grasping demsud of the artist un the one haod aud thé flat ye. fussl of tho public (o pay hiy prices’ on the pther, the mausger must go to the wall. In thiy les the wholy secret of operatid managy- 10 punagioent 49 popular, * When the wane agers by cowbination force down salaries, ox when opera Is subsidized by Uoveromeut, it will pey. Uudil eusie fiuy i will not, sud ment at xepiongble prises. Opeéra ix uol o luxzury and can be mada to' poy,’ for there ' opern, which is cheap, has fhe ficld, although by thie same anomaly it is no mors Eoglish than Itatian {s Italiah, The only miatake Mr. MarLrsoxn makes, ns it apponrs to s, 18 in uwol commencing his senson 1 Chicago. There is no other city in the couniry that will pay big pricea with ro little grumbling, or that can turn out so many people to o first-class entertainmont, It 3r. Mapresox finds any further diffieultios in his way, let hitm mnake his debut hers and draw on Chicago ot sight as the only elty that is a genernl exception to ihe rula we have laid down. The Naw York Evening Porf of the 18th Inst. contains some 1nteresting details of the efforte to retaln Tisgopors THOMAS In that city. A gentleman prominently connected wita tho ‘movement to keep him informs that paper that e met Mr, THOMAS and Mr. NiCHOLS together, sud that the latter emphatically declined to re- lease him from his contrach but that if Mr. Tnoxas should say that hs could not and would not go to Cincinnati, he did not shink Mr. Nicnots would persist In holding hin: fo his agreement, ‘Iho samo @entleman intimated that a fresh obstacle had atfsen, however, which appeared to be {usurmountable. When the master of kesping him was first broached, seven wealthy eenttemen of Brooklyn and New York, 1n business on Wall street, advised hisfriends to pushthe matter forward, and promised thatas far as the money was concerned it snoula be forth- coming when needed. The money 18 now need- ed, but It Is not fortlicoming, the seven exhibit- Ing an uncxpected degres of backwardness in furnishing the subscriptions, markable, if Mr. THoxMAS b remaining, that, & few day recommendation of ErNant, he signed a con- tract with PAoLo Laviie, a youd¥ Bicillan teacher, educated at the Conscrvatory of Paler~ mo, and favorably known as an instructor anl composer, to take the Professorship of vocal It fs g little re- music In the Cincinunti College. 8o far concorned, the JFost os Mr. Tooxas is says; *When asked wnat Mr. THoxAs sald about the matter the gentleman enid that he spoke very ‘ittle on the subject. He seomed to think ghat it out him jna verv unpleasant position, maklog |+ appear that be had used Qincinoatt as a.spur to Now York. When the matter was first broaclied to him he was much surorised, and sald thas He would not have left Now York it he could-possibly have sunporied his orchestra. He would much rather stay In New York than go to Cincinnatl,” 1t fs some- what singular that a man who knows his own mind a5 emphatically In musical matters should buso waverlng {n business matters. The up- shot of §s ail will be that some day ho will get mad and go to Cincinnatl *though the heavens L - {1l The Hoo. Groras Griusen, who was nom- Inated for Congress by the Republicans of the Osbikosh (Wis.) Districe against ** Dirty-Shirt™ Bauck, turns out to be Incligivle on account of got having been naturalized in season. Thisls an nnfortunate blunder, ns the nomination of Mr. GrisingR gave ereat satiafactlon to the people. of the district, and promisgd sucresa. Tha business of naming & candldate now rests with tho Congressionsl Committee, and they will probably seclect one of four men, namely: The Ilon. E. L. BRowxs, the Hon. D, M, Rt 1xY, the Hon. R. 1, D. PorTeR, or the Hon. T. 8. ALLRN. the Wisconsin Benate, and hns long been an aspirant for Congrossional honors. Mr. Kzi- LEY, of Green Bay, is & popular rallroad mon, who hos been repeatedly elected n member of the popular branch of the Btate Legislature, and was a candidate for Bpeaker of tlle Assem- bly. Mr. PoTTRR bas also been s momber o the State Senate, and was the putattve father of the uotorious Granger * PorterY Iaw of 1870 that cansed so much agitatton and litigation, Gen. ALy sorved with distinction in tho War, was four years Secretary of State, and s nt preseut editor of the Daily Northwestersi, at Osh- kosh. Either Browxs, KaLLiY, or ALLmn would make an excellent and popular candldate, ‘ and at this distance from tho flald of battle it looks as If eftber uf them might bo elected over Bouck., Mr. PorTer will naturally be fuled out, 83 tho rallroad influence jo the distriel would be solid agalnst alm, In 01 oro-slavery times tho Southern staves found from sad expericuce thab the mesucst men thelr taskmasters vould employ ss over- scers were the vagapond Yankees and Nurthern wen who bad drifted South to make thelr for- tunes,—straggliog carpct-buggers before civll war had colued the definition. Even now the Southern may, fn many tonspleaous (nstances, riaes up to detend tho character of tho black. One of the scalawag doctors that went down to Memphis to minlster to the feyer-stricken pa. tlents of that locality, but who speedily re- turned home, frightencd out of his bouts, ro- ported that sick white women 'were forecd to accopt the sorvices of negrowmen as nuries, who basely took advautage of the situation. The Mempbls Avpeal indiguantty denles ihis foul churge, and saya: oo committed, and white i u reauced to the necesaity of taking negro men fur nurees. The siatenont i n libel unon the negroce of Slumphls, whio Lave scted by us nobly ae pulicemen and suidiors. A carrespondent from Holly Springs (Miss.) has this paragraph lu his letters K reaa of Psther Lavusy, of New Orleans, pe atoe the hopes af the poorost.and rich- eot, 19 suon followed by 1ta Nev, Lux Brack, & calored man, whoso service to the sulerers uud aick bay proved Invaluable, The culored people ‘who nave so hierolcally stoud by ne 1n_ vur lnte of peqthare represented " by 1his colored minisier of the Methodist Church, Who haa watcned with Curlatian vizitancs the homes of all. withoot fo- ard 10 sace oF pravious coudition, 'These twa gmmlcu huve perfurinsd thelr work woll-sll Liokor to thyun —— It has often been the duty of the men of Mas- sachuselts to come to the frontin thnes of ereat public exigencies and perlls, and Lo atand Jike o grauite rock {u favor of liberty, gool Kavern- ment, and the rights of man. They huve scldom fiinched when a crisls was npon them, and their bistory Is briizht and shining ‘with thelr heroic degda that have been performed for the bepefit of the buinap race. No other ‘Btato s hud such erand opportunitics, and no other Stute has embraced taem with miore alacrity or more manly enthustasm, Bne Is aguln the theatro of exciting aud’'Important eveuts, and aguln there Isucall for the excreise of thae whilanthropy and patriotism which scorns scllshiness aud tramples partisanshlp under foof. Al that ts wmean, Aligpstiog, aml threatenivg o Saclallsa wea mado conspleuous en oy sall vu Tuesday laat 8t Worceater, and to stamp it out st once and forever 1s the duly ol her clilzeus {o-day, as much os It was the duty of the War Dainocrats in 1860 to ald In quelling the Blaye- botders” Rebellion. Mon of il partivs now who love good order sud stsble guvernment shonld ¢ pool thelr lssues ™ and make common causy ogsiusy the Drugon, and eud hiy politlcal aspiratious ones for all, . o S s NN T Mz, Jostats A. NOONAN, of Milwaukes, takes tho trouble to write 8 Jetter fo Tus TRISUNE, dunyiog that he has bed suythivg todo withs fustizating, conulvinge at, alding, or sheitiug the CARPENTER wmovetnent (n that city. Mr. J. A. Nooyay wight bave saved lnselt that trou- ble, Anyone whaenjoys the pleasure af “ thal gentleman’s acquajnsance nced pot be intgrmed bow perfectly repugndat any sorg of palilical futrizue 18 to bis feelings, and halnts, and how unaceustomed he ds to manipulating wives sud petting up plug, @ o SIS R | ‘The sttentiun of Counnunists snd others who sit up nigbts' to curse the “dloated bauduold. srs ¥ and capitaliste is lovited to the wopduct of one of them, Mr. HArmisox by name, who has ‘s Jarge aurount of money, over $100,060, loaned™ on hoyg and motigage at 10 per cent Interext, In Jligols, Mr. Apmison Goondiyr, his pgent, whes East a fuw dava ago, representud to bim tle stringent ‘Umes, foiluce of crops, ote., sad suggested that & lower rato of interest would be wmore just, nasmych a3 the vglue of a dollar bad waterizlly fuercased aluce the dato of the that Is il thers fnof it. Mesnwhile, Haglish Mr, Brows 18 a well-known law- yer of Wanpaca County, hes been a member of Yonns, Mr, TIARRISON acknowledged the *corn,n and offeren to disconnt 1) per cent of all inter. est due, past due, or lo acerue, whenever nromptly pakl. Whercupon Mr. GooDuLy, rug. gested that even-handed justico domanded that those who had already been prompt should share the benefit ol the offer. Tids proporition fovolved the refunding of consliderable money atrcally paid by the' prompt ones, but, strange to relate, this ' 8hylock™ recognized the Justness of this proposition aleo, and torwarden his check for a considerabls mnopnt. retunding 10 per cent of the sum -already received. We know of one hard-working, strnegling farmer, who received 830 thns retuened by Mr. Hanp- so¥. We do not know what chiirch (If any) Mr, H. belong: 4 venture to cite his action (n this 1nstanc an examnle of practical Chiris. tianity, The truth of thisis vouched for by the Lodl Ztegiater, and we presunte 8 nob on excep- tionsl case. The working man's great Apostle and Chlef Pricat, BExJAMIN F. BUTLER. who took $140,000 fees in one case, has nggle no run rec- qrd in 1avor of the poor as Mr, Hanntsox, i The New Otleans papers state that the largesy lrdlvldnnl subseription made for the relel of the suferers from yellow fcver of that clty Ig that of Baron ERLANGER, uf Paris. Tie Baron was the agent of the- Confederale Government for placing its loan on the Europeanu murket. He married the oldest dauhter of the late Hon. donx BLipELL, United Beatea Senator from Loulsiana at the oreaking aut of the Rebellion, and aftermards became the diplomatic agent of the Confederacy in Europe, The three daugbters of Mr. SLinxLL all married in Parls, aud are beautiful snd accomplished women, well known fn the fashionabls and arlstocratie circles of thatcity. Notwithstanding the rela. tlons thelr father held to the Rohellion, they have never forgotten that they are Amerlcans, 1t 1 pleasant for our Clhilcago people to remem- ber that Baron ERLANORR medo ane of the Iargest, it not the largest, subscriotion af any foreigney for the rellef of the sufferers by our Great Fire in 1871,—a subscription of -$2,000, transmitted through Mr, WAsHavRSS, then our Minister to France, ——— The Butlerltes bave learneq something from the preaching of the red-mouthed Communist, Kearvey, already, His motto for dualing with the bondholders and capltalists swas, “Corral the demned rascals and theo grind tem,” That [s what the KBarNey-RuTLER dele- gates did at Worcester on Tucadoy with the Democratte State Conveutlon. They *cor- raled " thelr opponentsand then gronnd them, The spectacle of a band of burglurs brosking into a ball and holdlog it 1n deflance of the municipal nutharities ot the Clty of Worcester is 8 novel one for the order-loving and law-re- apecting people of Massachusetts; but ¢ [s only the premonitory flush of that feyep which wiil soon causo the old Bay Btate to grow sick and red with shams unless sho adopts heroly treat- ment for the disease, promptly and thoroyghiy, —————e 2 The doctors stiil disagrea concerning the treatment of tho yullow fever, and licre comes Dr, H. Q. OLaRK, and In 2 communlcation to tbe Boston JMedical Journal says that it is not contagivus, and that 1o discase emanatiog from malaria 18 capable of transmission by con- togion. He thinks, therefore, that it i to bo regretted that during the presence and prozress of tho dregdful disease In tho Sauth nud South- west “any opinlon should be snnounced by Ieading medical men, or any ordera fssucd by professional suthority, which may in any way increaso tho panie alrcady existing In places which are ju commuplcation with fufected dis- tricte, or the Alsessa of those who arc endeavor- 10z to cscape from them. —— It there fs any manhood left In the minds of the Massachysotts Democracy, thoy must regeut the Infamous fusult put upon them by the Dur- LRR-KEARNEY-ltes, who solzed and held their hall In defiance of all the laws of decency and propriety that guvern clvilized beings. Unlesa they have deauneratpd into doge that are williug to lck the hond that beats them, they will show such a rightcous indignation and resent. ment as wit) make thege mobocrats and Suclal- 1sts haut thelr holes n disgrace ‘The Pcoria Democrat sags th licans of the Springfleld District bave nomlinated Gen, Joun Coox, for Congress. The Ueneral is pupular, and an agreeable, chivalrous gentle- mau, but BILt SeniNeaE Is the kind of u mon the Capital District nccda in Congrese.t Well, it the people of that district prefer Biui Seninonn to represent them in Congress to “a popular, agreesble, chivalrous zontleman,” we must say that the electors fn the Capital Distrlet must have very queer tastes. —e—— . The Qalesburg Xepudlica: ys that three deatha trom yellow fever have oceurred ot Wate scka, I Mrs. Josgrir Hogmus, whose hus- bond died at Memppis on the Oth, arrived at that pluce on Thursday last, and was e diately taken down with the fever. Her two suis were also tuken, and Jaie reports say thuy bave all divd of the discase. Watseka is altu- ated fu latitude 4 deg. 40 aun, north, and is tie fartliest north tus discass bus beew repuricd lnland, ——— A Republican club fn ono of the interior bowns of 1llmuls inakes a standing offur of vne Llundred dollurs to any speaker who will address them for one bour and ke no ullusions to eubucks, * al money,” “silver crase,” * Obfo [dee," nor to the currency question (o any fotw or shiape. “ 8ince tha Chicage Times printed that hoguns Interview which Marr Canvassu's amanuensis prepared for bln, aud the still more ridfeulous ous With BLAINE, the £X¢hangy pavers are cares ful to bead what they copy puw from ghat pajer with the provistonal rowari, ** Wheilier genuiue or furged, Lut wost probubly the latter.” RS . The Bloomington Leader asks Mr, STBVENSON, who 15 the nomines uf Lotn Denucrats und N tiunais i the Deomlugiou Distrigt, whesl {siulavar of the clection of the wholy 3 tonul ™ theket, or shinply thag part of it repres sented by My Al E, S ——— — uonor Vuarcis TRAIN has telegraphed the Mayur ot Mumphis offerinz bis surylces for tho benelit of the yetlow-fever suiferers, Ay If tiat plague-stricken city had not enough to bear sireadyl Next we shall heap thap Manviy Hovey has goye Bayth. e — e The Indiana Cunfarence has depased the Rev. GruEky DR LA MATYB fram bis fudianapolly chareo beeause he fs runplug for Congreos o the Fuat-Degoraple Hekos, The Cospersucs has acted wiscly, ' ! Ttis not generally known, byt uevertheless 8 fact, that Scnatgr OgLrssy, when u boy, was the best tiddles in the Bangamou butiesid Tuouas JerransoN was a dddipr, Loo. The Bote.en crowd of Democratio mohocrats st Worcester did not imvoke the Divige blessing o thelr procecdioge, Kven KEABRNGY was kot there ta swear, —————— - To 1804 Jwav Baxes beat it Morisox for Congress seventy-5ig votea; jiy 1568 he begt bim LOIB Why cap't BARER'S friendy do thy eaus thiug in '7dd S Itremalns to be sevn whethor the tribe of PBeyiarN 13 nuimerous ang powesiul enopgh Lo - xz.mn thy Dewocratic party of \bg Qld B3y late, . 3 T ——— Chinaman must go. The segson approsches when a papes collar und a remngut aof sk uex: truusly foided wilt hust Joun's jaundry. The Danville. Newd says MaLpgy Joyes Democratis candidato fur Congreds, bas Jassi2 Jlarryy, Fiss candidate, in bils pocket. bl That was & good too-bioot of the Chicsro Ovl Club lust Suudayy—two thopsaud uod forty: four dollars, e ——— The glass-workers of Plitgburg threaten 10 strike, 11 they do, thero will by crasb. *Tha Repit- ~