Chicago Daily Tribune Newspaper, September 30, 1878, Page 4

I e 3 P A R T el ) 4 HIEE CHICAGO '] RIBUNLE NDAY, SEPTEMBER 30, 1878 e Eribmie. TERM& OF SUBSCRIPTION, BT MAIL—IN¥ ADVAKCE—TOSTAGE PREFAID. atly Fdltion, one yoar. . 812.0 l‘ml S Sent, permuntiy Ficti] ndry LhCrary and iGifiiouR GH6Ia " et Sty i ri-Weekls, one yea "aracl 3 year. pOF mont! WEEKLY EDITI r.‘.g( i One oty ror €t fuut £prcimen coples sent free. A Give Post-Office address In full, Incliding State and Townty. Lemiftances may ba made elther by draft, rxpress, Tost-Utlice order, or in registered Iettce, at our Hak. TERMS TO CITT SUDSCRIBERS. Daily, delfsercd, Funday excepted, 23 centa per week. Dally. dclivered, Sunday incinded, 30 cente per weeks Adutess TIIE TRIBUNE COMPANY, carner Madfton and Dearhorn-sts., Chicago, 1l Qrders fof the dollvery of Tim TRInUNE at Evanston, Faplewood, and lisde Park feft in the counting-room willreccive prompt attention. TRIBUNE BRANCIT OFFICES. iz Cnicana TRINTRE has established branch offices for he recelpt of subscriptions and sdvertiscmenta &4 foltovwea: XEW TORR—Toom 20 Tridune Bullding. F.T.3o: Fanprx, Manager, { PAIIS, France—No. 10 Rue deln Grange-Bsteitere. . MannEe, Age LONDON, Eng.~American Exchange, 449 Steand. Yixane F, Guitio, Agent. BAN FRANCISCO, ‘MeVieker's Theatre. arbory and State, **Lost Madleon street, beiween tn London.” tlaatey’s Thentres Tandolnh streer, hetweer, Clark and L Esangellne Combloati ngellae, Rice's site. Tinverly’s Theatre. 2 Dearborn atreet, corner of Monro, **The Danites. Tiamiin's Theatzp, % street,upposite the Court-Ifouse. Engsgement anfrau, ** Miss Multon.™ New Chicago Theatre. Clark strees, opposita the Sherman House. Verlubungs Teutel.™ *4Der Academy of Ainics Haldted strect, hetween Madison and Monroe. Va- rlety entertainment. Expositlon. Lakeshore, foot of Adams street. Tho Tabernacte. Monrue sirest, between Frankiinand atket. Grand Cuacert by tae n‘)r:km_&'h Opera l.'lglgruny. MONDA . BEPYEMBER 30, 1878, S s i In New York on Saturday greenbacks ruted steadily at 99} cents on the dollar in gold and silver coiu. Gen, Bir Tuodtas MipbLeToN BippuLes, Keeper of the Queen's Privy Parse, and for twenty-seven yenrsa member of her Majes- ty's household, died yesterday. Tho new Consul to Chiua, Col. Mospy, hae just deawn upon dhe United States Crosary for the sccond {imo, being for lis firal quarter’s salary, ‘Lo other time wns 11, it the Chiof of a band of Confederate ilus, he ponunced upon a couple of sa Paymuaters aml “appropristed* the vty of their chests, The Hen. Casiy Youso, of Tennasseo, was e of the few Congressmoen in the fever Gistrists who stayed at home and fought tHo Feomrge and ministered to the sick and dying. I feafless idelity to duty and humonity oy wevers ntieel of the fever, but 1 i caso was kind, and the welcome » hivt beea veceived that e is now con. gidered out of danger. and Mrrowy, the two Fonlan pris- uily liberated by the British Gov- t on condtion that they quit that forthwith, nud withous the privilege 1 serosn to Ircland to bo lonizod in New York yusterdoy, ond 1 with an cnthusinstic demon. come, Thelr ndvent will Lo » thie ui st for n generons ontpourivg of sym- pathy from suony tho fricuds (‘ Irish liberty i Amecwa "The preparations making by tho Vicorgy of ludin for n military movoment upon Afghuyistan iudicate that sn expedition in forco will bo vecessnry to compel from the Amcerof Cubul an upology for the insult to the DBritish flag. Tho pugnacious Afghan will have all wintor to think it over and got rudy for thoe recoptiou of the hordes of bar- Lorinna which will bo poured into his domain in tho spring if alarge slice of humble ple Ve not caten in the meantime, Prot. Bwina's sermon a6t the Central Clinrch yosterday, and whick is printed in our columug this morning, has for its themo “The Iden of n Faturo Life—Ita Power," aud will be found an interesting dissertation upon the influence exerted upon the minds ol men in all agos by the ldea of immortality, The Itev. Jastes Kaxy Arprense, of Appleton, Wik, delivered at Hooley's Theatre, in ald of thu Southern rellef charity, an oxcollent discourse upou **'The Uses of Adversity,” whieh ho found wero many and **sweot” in connection with the terrible visitation of sullering and death, A most melsnoholy foature of the sltuation in Vicksburg and otber cities in which a motked improvement bad takon place is the iucrenso in the death.rate and the number of new cases in consequence of tho return of Fefugees. It is of course inevitable that a largy munber of persons should by neceasity or choice feel iwpelled to return to thete homes, and thus furnlsh fresh food for the Yellow mouster to feed upon ; Lut all possi- Ly wmeans shonld bo taken to prevent as far s possible the lomeward return of thy refugees now in Northern cities until the appénrance of frost shall have rendered it safu for them to go Lack, If thero are in Chicugo, for instance, suy fever refugces who uroout of moncy aud are likely to be driveu howe for lack of support, it should bo looked to that tholr necousition ara imme. diutely met and themselves kept in comfort in this city. The funds rewainivg in the hauds of the Citizons' Reliet Committes could not Le applied toa better purpose than to provent tho return of such refugees as cre in need of help in rongo land. Much unfavorable comment has beon ex. citud by the tardy deference pald by Betre- tury Evants to tho wish of Congress relative v the upenivg of correspondence with the Titish Goverument on tho subject of-the Hulifux awerd, 1t was the mtention of -the luw appropriating tho money for its pay- anent that the State Department should by, Jetter bring to tho notice of Exglaitl i ‘fact, thut tho award was excesslve und Garedsonia- Lie, and that such's correspondunce should’ Lo sl in motion 'forthwith. - Becretary Evanry, bowover, Lias scon fit to delay until 10w the first lebter on tha subject, and, a8 the law requirca the poyment of the. award on tho 234 of November, théia'{s practically 10 time 1St in which to carry hut the views of Congress, Tho verdict of thy glifax Comuission was 80 iwposition ail su ex- tortion, and it wns eminently proper that England shenld be advised of the feeling in the United States in reference thereto, It is bnd enongh to have to submit to the swindle, without being deprived of the consolation of characterizing it ns such. A Qeclsive victory wna on Saturday last gained over the hostilo Choyennos in Bouthwestern Kansas and the Indinu Torri- tory by detachments of the Fonrth Cavalry and the Ninoteenth Infantry, though at the cost of the lifo of a gnllant ofticer, Licut.- Col. Wrrrtax II. Lewis, of the Ninoteenth 1nfantry, who died from wounds rocoived in tho fight. A pativo of Alabama, he romained true to hia nllegiance as au ofticer of the Army of the Union at tho Lreaking out of tho Itcbellion, and served on the plains throughout that war. o waa accounted one of the bravest and most valued officers in the service, and bis death at the hands of tho trenchorvus Cheyonnos will be widely monraed. 2 Dr. Tuxe P, Btacknvay, who by his courage sud zeal in tho work of exiending nid to the Bonthern suffeyers has fairly earned tho right to bo considered a yellow- fover nuthority, pronounces very emphatic. ally against the theory of malaria and elova- tions as explanatory of the appoarance of the sconrge. il believes that tho discase invariably has its starting-point in infaction, and that it can be with certainty fonght off by menns of rigid quarantine observances. is investigntions have convinced him that the fever was bronght to New Orleons on tlie 8th of June by tho stonmer Russia from Havana; that {t was eubsequontly carried to, and Qi not originate in, Memphis, Vicks. burg, Grenada, and other places that have been devastated. In support of tho non- malarial theory ho cites the experionco of Union City, Tenn,, in which, though sitn- nated in the middio of n swamp, add with the surrounding country given over to the sway of the plaguo, has by strict qnarantine pre- vented the ocentrence of a singlo case. A similar plan, enrried out on an extended scale by authority of Congresa alongthe Gulf and Allantie consts, Dr. Bracknuay belloves, would jnsure the Southern ports against the introduction of yellow fever. CARL S0RURZ ON THE CUURRENOY. ‘Wo print in full this moraing the speech delivered by the ITon. Canu Scnunz at Cin- cinnati on Saturday evening. It is devoted ontirely to n consideration of the currency question, nnd will be found to ba one of tha most praotical, mattor.of-fact, common- sense, and convineing argutnents of all that liave been miade ngalnst the fiat craze, and in favor of steadfast ndhereneo to the honest and rensonablo financial policy which fs at the vory vergo of the successful nccomplish- ment of its nim and purpose. Tho defont of that particular phase of money lunnoy which provailed In Ohio in 1874 under the auspices of Brir ALLex was Inrgoly duyo to tho infln- enco Mr. Benurz exerted in ‘that campaign, and there is reason to. believe that his reap- penrance now with argumonts that appeal equally to the intelligenco nnd, sell-intorcst of the people will do o similar servico this year in exposing and defonting the prosent Ohfo ideo" fathered by Canr, Ewina, and THURMAN. L There is no doubt that the domand for more currency apd chaaper cnrrency is tho outgrowth of the panio of 1871 and tho sub- sequont hard times, The demand is justified by thoss who advoceate it on the ground thut the panle waa the result of contraction. Mr. Scuunz Dbriefly states tho facta. Thore was contraction between 1803 and 1808, inclu. stvo, though not to tho extent uanally sot np Ly the Fiatists, TFollowing (his orn of con- traction thero were five years of prosperity. Durlug theso five years—from 186H (o 1870— thero was a stendy inflation of the Jurrency,” which grew in this time from about 690 mill. lous to 750 millions, 'Then enma the crash, It is folly to maintain that tho paoio was due to n conutraction that Lad ceased five yenrs before, nud with (his long era of expansion and prosperity intervening. If the panio could Lo attributed solely to tho. ciirroncy movement, then experience would tench tbint the contraction between 1805 aud 1868 produced the good times that followed, and that the inflation botweon 1868 and 1873 pro- duced the panic and hard timos that fol. lowed. This theory would find addi. tional confirmation in tlfo fact that, dQuring 1874, the yoar followiug tho panic, the curroncy was further inflated by moro than thirty-ono millions of ddollars without furnishing aoy rolief, Theso facts provide a complete answer to the assertion that con. traction was the causo of tho hard times, aud that hence the remedy must be sought i fuflation, Of counse, tho panic was not due to the condition of tho currency, though its irve. deemable qnality and conséquent flustuntion was an incidental injury. "T'ho paufo was a general collavso that extonded aver the Conti. nent of, Europoas well as this continent, and it was u product of wars, destruction of wealth, excessive cnterprige, unproductive invest. ments, goneral extravagance, speculative Labits, discounting the future, otc., etc. With us & depreciated currency contributed to the goneral wreck becauso it bad accus. tomed us to values that wore oven more fictitious than extravaganco and speculation alone would have made them. When the swash-up came, it was necossary to begin the work of repalr. Wo tried the experiment of plastering with paper, but it only wade matters worse. Wo then procceded in asensible way to curtail ex- penses, live within our mocans, producoe wenlth, and manafacture on a basls to com. peto for the tradoof the world, After five yoars of this work of recuporation, new health appears, aud new prosperity smiles upon us, Al signs point to tlus turn of aflairs, and now it is a question how weshall asyuro a reasonable durntion of the new life, Mr, Bcuunz announces three cssontialy of healthy development. ‘I'Loy are: (1) Strong natioual and individual credit; (2) a sound currency ; and (%) a safo and reliable bank- ing aystorn, ‘The rewainder of Lis speech iv devoted to 8 domonsiration of the necessity for maintaining theseo couditious as the ouly solid foundation of national prosperity, 1. All classes who have joined in the cry for juflution, whether by increasivg the groenbacks or fssuing flat scrip, Lave united h; :::&ckinx tho Governmont bonds, Bowe of them Loldly proctaim the of pay- ing these Londs off ju mfi::?n":\‘:u lcl::;; othens are in favor of debasig their present valus by taxation; allclaim a right to repu- that the bonds were not paid for in money oqual’at that limo io the present yulgo of mouney. ‘Fhey ignure the risk which' tlie original purchasers incurred -at the time they subseribod for the "Londs, and the faet that those bonds have slmost entinuly passed out of lhq.md&l of the original purchasers, Ihey forfet that, while Euarope onco held $1,000,000,000 of our bouds, thero aro now probubly not more thun $200,000,000 held diats tho obligation .in part ou the ground | abrond. Theydo not seem tounderstand that thefr schemo will swindlo the Amatican people, wineo Glovernment weourities havo Deen largely reattered evan among onr poorer. classes, and sinee every man who is insured in life or property, every mun who has n doposit in a savings bank, and overy man who has n National-BDank note in his pocket. is directly intcrostod in maiutaining the ine tegrity of tho United States seenritics, which form the basia of the institntions whieh ho has trusted. That good eredit is profitalle appears nlso from the saving this Govern. ment hns made by reason thoreof, Tho In- torest paid by the Goverument has bron reduced from 151 millions 1 1863 to 1} millions now, which fs precisely eqnivalent to av annual saving of that smonnt in taxes, The debt hns been rednced within the samo period from &78,25 per eapita to #41.57, and tho interest from §4.20 to £1.07 per capita. Will it not bo snpreme folly to break down tho good credit that has brought all this about ? 2, A sound carrency means relinhle wages and profits; it makes the workingman's dol- lar the equivalent of the bondholder's dollnr. A flat currency is o sort of ignizfuluus of shadowy form and indoterminnte vatue. No man wonld have dared tosproposo such n rys- tem ULofore tho War, Tho farmers, mo- chanics, nnd workingmen would have beun the firat to resist the swindle. The proposal now ocomes from n disensed jmagination, which fs {tsclf n part of the malady that comes from inflation and false values, ** The wealth nud resources of tho nalion” isa monninglesa phirase when used in conuection with flat money, for it is never designed to draw upon that wealth or utilize thosa re- sources. The purchasing valuo of fla¢ money will alwaya depend chiefly upon the nmount ; tho less tho fiat dollar purchinaos, the more dollara there will be demanded; the moro dollars that sball be demanded, tho smaller wilt bocomo their purchssing value. Itis a movement i a circlo that can have no tor- imination except by extormination. There is nothing new nbout it, as Mr. Scnvnz shows, They had it In China in tho Ninth Contnry, in Porsin in tho Thirteonth Century, in Franco in the Soventoenth Century, in the American Colonies firat, and «luring the Amerienn Rovolution nfterwards; 1n contomporancous times, it has beon tried in Turkoy aud some of tho South American Htates, The resnlt is alwnys and everywhore tho same,—repudiation nnd annibilation. 8. Mr. Sonunz trents the * Ohio idoo " ns & mero varinttonof the fiak craze, which it is. To ropeal the Resumption act indofinitely, substituto greenbacks for the Natlonal-Bank notes, and then from time to timo fix the volume of currency by constitutional amoend. mentor nct of Congress, i8 n schemo for an irredeomable serip, certain to depreciato in value, and to stimulato a demand for new is- sucs ne it loses its purchasing power. To adopt this schome would bo tantamount to starting ontwith a flut enrroncy, and it could only eventinte in the same ropndiation and extermination, The * Ohio idea” also pro. poses to do away with what Mr, Scuunz slates 1o Lo tho third essontial of en. during prosperity,—n good bonking sys. o, Tho responsive fonturo of the frae- ULanking Inw i3 the only systom which can gange the volumo of eurroncy fairly and im. partinlly by the domands of trade, and no condition which requires twa.thirds of Con. gress or three-fourths of the States to agrea npon a chango m the amonnt of curroncy can bo s0 promptly and uniformly in accord with the public nocossities. 'Lhio war on the Nationat Bauks is desigued not meroly to re- tire thelr riotos, but to break down tho sys- tem, which experionce has proved to bo the safest and most relinble ever instilated in this conntry, ouly to experiment with somo. thing else not &6 well founded. W hiavo given in this article » meros out. line of the argument pursued by Mr. Scaunz, and his own moro claborate and mature statement of the cnse should be read by all who are in doubt about the currency ques~ tion, MORTQAGES AND FIATS, ¥ Tho Philadelphin Record snya that thera aro 120,000 uusatisfled mortgages in that city. An expert intho rcal-catate business estimates that soven-eighthsof the property in the city is mortgaged. Philadelphin is bo- lioved to bo the most cautious city of the country, The state of affnira which cxista thero is probably bettor than that of any othor city in this country, If Philadelphin is sovon-cighths mortgaged, oities like Now York, Cincinnati, 8t. Louis, and Chicago mny bo nine-tenths or elevon-t#olfths mortgaged. It used to Lo said that in Philadelphia overy. body had a home, This isonly true, it ap- pears, with the qualification that nearly overybody there owes for thohome he has, This result is partly due to the exlstenco of Building and Loan Asscciations, 'The Record cstimatos that two-thirds of the mortgages 8re hell by such associations. ‘Tho veoplo havo been encouragoed to run fn dobt, From this point of viow, thero s something to bo sald against the Loan Asso- ciations, which, n fow years ago, wore much praised by budding political econowists, Dut, this question asldoe, it is safe o say that tho otlor cities of the country are no better off in yespect of ‘mortgages than Philadcl phin, ‘These factd help to show hiow great fu the number of persons owing monecy on mort. geges in this country. Personal and unse. cured debts have for the wost part been ‘wiped out by the Bankrupt law; but debts se- enred by laud could not b disposed of in this msnper, They havo sunk down on the sc. curity, and hold it fast, In many cases they excead, or nearly cqual, the valuo of the laud. ‘Tho wnterost on the mortgages is moro than n fair return from the valus of® the proporty. It is merely a question of time wlother tho property in many cased shall be taken for tho debts. In many other cases the sccuring of a ront sufliclont to pay interest and taxes s problematical. 1f business improves, reuts may riso; otherwise the property cannot bo kept for long out of the hands of the monoy- londers, - The position on the currency ruestion of porsons who owe heavy mortgages is ono of the uignificant signs of the times, Somefow of them are patriotio and wise enough to riso above selfish considerations. These ad- vocate an honest currency, buta largs major- ity of thoge hopelessly embarrassed dosire juflation, and’ axsist the Fist-money party more or Jess openly, porbups with their in. flueuce and” volcgs in public, or per- Laps only with thelr socret voles These “meén ' justify thelr couduct by kay that the country-at lorge woald besefit by ‘ioflation; that thoy never received full valye for the debly whicl {hey &fo Row re quired to pay, and thet.they will bo satisfled with & tewporary {yflation, ond anly a Jittls of it. Meu whaq,lisve no dobts to pay will vot be misled By srguments of thls descrip- tion. And we dasire to show that the debt- ors themselves are deluded by false hopos. They' never cau, dd ¢ @ik, avoid the pay- all sorts of sopblstical reasoning, They | ment of their dobte, The reasons aro: First, beeause an inflation of cur- rency involves mu expansion of credit. Hence, thero always must Le n credit clnse whon contraction comes, Secondly, becansa conlraction mmust como when a cur- rency is not on a apecie hasis, The only way to avoid contraction for a time is to keep adding to the volume of currency. This menns indefinite oxpansion and a final crash. Thon suddon contraction takeg place, ‘Thirdly, every dobtor gnins during the period of expansion at tho loss of somobody else. What is tho gain of the debtor class i the loza of tha whole commnnity. No lasting prosperity can rost on suclh a bnais as this, Fiually, the debtor galna in ona direction, Dut loses 1 every other, by au expansion-of the currondy, Whatever his inconte is,—hnd lio must have some income to be worthy of reliof,—ho must lose part of it by an expan- ston of tho currency. The debtor who advo- cates inflation to roliove his own wants is in tho position of n man who should Iny a town in which he owned much proporty in ashes to soenro his Insurance, His loss evontually would be more than his gain. Tho porverse selfishness of the debtor’ clnss, or that pottion of it which hne gone into tho flab-money craze, oaw probably nover Lo ronsoned awny dxcept by hard facts, But n briof consideration of the reasons for and sgainst inflation will onable the honest men among thom to came to a better conclu- sion, Sufiiciont study of the subject, aud particularly of the fignres in regard to the mortgnge indebtedness of the United States, will shiow how sorlous the dangoris. 1f cred. its hiad not been almost infinitely oxpanded wilh us, there would haye been comparatively no tronble in coming to a sound specio basis. The oxperience of the United States in that caso wonld have been lilco the experienco of France, whare thero is no vast credit systom, and consequently no Fiat-money party. The existonce of snch a party with ua is, indeed, only an indication of o praviousexcessive ox- pansion of credits. 3 ISN'T THERE A CHANCE FUR A COMPRO- MISE1 Tsn't thero somo way to compromise with these peoplo who want to turn the American finances topsy-turvey ? *‘Are fits to bo tho normal condition of our finances?™ is tho way Mr. Souunz puts it. They cortainly are if tho flat craze shall provail, and thero is not ono among all tho doctors who want to throw the finances into fits who can cure tho fits, Lot us sco, then, if thero fsu't some way by which the gonnina and selflsh Fiatists can bo, eatisied withont disturbing the ro- mniuder of the community, and withont throwing the wlole systom'of cnrroncy into confusion. To this end, it shonld first b determined what classes aro Intorssted in the fiat schemo, Thore scoms to bo just four difforont sats, 1. The mortgagod classen, who borrowed money during tho inflated period, or bought proporty at fictitious valnes and ngreed to pay for it in the future. 'This class includes alargo proportion of the farmers, who put mortgages on their farms and spont tho moncy in lavish Iimprovements or com- paratively luxurions living. It aloo In. cludes tho real-estato specnlators of the cities. 'Thofr interoat in flat monoy s to cheapon money, wherehy they may be able to got hold of it more cnsily and pay, off their mortgages. ¥ 2, 'Tho second class is the unemployed, partinlly employed, or unsatisfactorily em- ployed workingmen, who have ignomutly yielded to'tho pressure of tho mortgaged classes, 'Thoy lave.'boen persnnded that chenpor mouey and moro of it will furnich them with fucreased émployment at botter wages; bencs they are in favor of flat monoy. Dut the fact hos been coucenled from them that flat money will loso its pur- chasing valne ns it increnses in volumo suf- ficlont to promote speculntion, and that new emnploymont and increasa of wages will not keop paca with tho higher prices they will be called npon to pay for all thoy consnmo, Henco they will be losors, 3, The third class is made up of the nat- ural-born, rockless, and dosperate gamblers, who got n tssto of speculation during tho ballooning poriod which has ns strong o hold upon them as the opium hablt upon ita vie- tim. They uro lu favor of flat monoy bocanso it will open up o new era for gambling, and cnable them to bet upon the rise and fall of o constantly-fluctuating eurroncy. 4. Tho fourth class is composod of tho political adventurers and demagognes who ride upon tha flat craze na thoy would upon any other popular delusion, with the single hopo of politieal ‘preformont, They aro generally nion who bave lost casto with tho old political parties, aud whoso only chanco for continued political existence must bo looked for in some new political movement, "It this classification is comproliensive, thon nll tho rost of tho poople—tha great bulk of the merchants, large and small, rotall aud wholesale; tho manufacturers; the farmers out of debt; iho skilled me- clianica; the proféssional men; tho saloried clnases gonorally—profor o substautial, stable, and uniform ourrvncy. Isw't thora some way of satisfying the flu¢ ahriekors without disturbing those other peoplo, who must-be aduitted to havo somo clalms upon consideration, and who aro gonerally both croditors and debtors? Any chango that i to be mado wmust be brought about by Govornmont flat, Why mnot, then, auo the flat, by aot of Congress or conatitutional amendmont, that ovory dollar now outatanding shall be two dollars, ovory half-doliar a ‘dollar, every quartor-dollar & half-dollar, every two-dollar note n four.dol. lar noto, every five-lollar note a ten-dollar note, aud soon? As this i to Lo the ont- comeof flatium at the lnst, wouldn't it be botter for the mass of the peoplo, who desire n stable currency, to agreo to it from tho first? Purhups o jlat of this kind would lusure comparative llll)l"ly. Goods conld Do marked up and salaries and wages doubled to correspond, so that ‘there would ba no such disturbance of trade as under a gradual dissolution of tho monetary system. The mortguged classes ouglt’ to be satisfied by thus being enabled to pay 50 cents on tho dollar to tho extent that they have money on hand; tho dissatisfied workingman woulden. joy the pleasure of drawing double wlat he doesnow ; the speculator would find reatn of high prices realized, aud tho played-out politiclun would be tho' oply seriously dis- sppointed Individual in the orowd. Wo mercly make tho.suggestion as an cscape fromn the greater . ovil of going throogh 't long era'of fidtitions, and decop- tive, and vacillating currenoy, Porhaps the sao pyrposs might bp sceomplished by simply decreeing tuat overy duliar outstand- ing shall bo two dollprs for the purposo of paying debts conlracted prior to, say, Jun. 1, 1879, 'This yould uarvow tho swindle down to the creditor class alone, and the dollars for commercial purposes would per- haps ryotamn sowething like their presont value. Of courss we can't ssy just how the sclewo will auswer; only wo are c?uviuc‘cd that it will bolessof an evil than the pro- poscd method of reaching the samo end through an indefinite period of gradunl iofln- tion. It will bo n spoedier realization of Jack Cade's promise of what there should be in Engldnd aftor ho should become King,— ** geven hall-ponny loaves sold for a penny, the three-hooped pot shall have ten hoops, and I will make it felony to drink small beer," —— LEGISLATIVE CANDIDATES. We had some remarks yesterday on tlie subjoet of the deep interests which this city had in tho charaoter of the mon who are to bo elected to the General Assembly. We nrgod that this was a subject in which Dom- ocrats and Ropublicans had a common in- torest. ‘Thers are A nnmbor of candidatos of ench party to be elected in this city, and Republicans and Domocrata havé a direct inlersst ns citizens in having the county ropresonted by men of Loth patties who will be competent, rospectable, and ordinarily fitted for the duty of legislators. Evon while we wers vwriting, the Domocratic party wos holding its Legislative Conventions, nnd, taken as a whole, tho nominations aro of tha most objectionablo ehnracter. We do not mean that the persons nominated are dishonest, or personally disroputable, but wa do mean thnt, with fow excoptions, tho can. dldntos are wholly unfitted by habits, eduen- tion, oxperience, nnd amsociation for the duties of members of the General Assombly, and, therefore, by excluding men who would bo of sotno servica to the city, their election will be o positive injury to the public. This is to Le soriously regrotted. The Democralic party has an abuudance of materiat from whicheto seleat able and experionced mem- bera of tho Genernl Assembly. The Goneral Assembly {3 not & mob; the dutles of the members are not to couduct a horse.race, o dog-fight, n game of Lall, or to runa free-lunch saloon. To a competent man tho duties aro arduous, calling for tho oxor- cise of abilitios of high order, And n knowl. edgo of the poculiar finnucial and commer- clal alfnirs not only of the ecity, bnt of tho State. The Democratic candidates reem to havo boen selected for the purpose of at- tonding sotho joltification, or contest for the championship, or somo ontorprise or show, where tho Democratic mémbers wero to have a good time and bo certain to scoure their sharo of the * gate-monoy.” In the First Sonatorlal District, which inolndey within its nren moro taxable property than is to be found in any s'x othor districts in the Stato, Mr. DMoses Wextwonrm is nominated for Tiepresontative,but the othernominations for tho district are a positive reflaction and re- proach to the systom which rendors it possi- Dle thnt such mén can be elected. In tho 8ccond District, whoro thore aro at least 1,000 Democrats who ns Representatives wonld bo croditablo to the ocity nnd the Stato, tho Gonveution went out of its way to nominate a porson of a wholly difforont chinractor. In the Third District Mr. Suranay, andin the Fifth Diatriot Xr. Duxx, wera nominated as Sonators, DBoth are respectable, educated men, owning propoerty, and somowhat oxpo- rienced fu legislation, "Thoy nro perhaps above tho average of their party constitn. onta, But, with theso oxcoptions, nll the other nominations are positively, and, we snppose, confessadly, diszracelul uot only to the districts, to Chicago, and to the Btato, but even to the mob olement of tho Domo- cratio party. It is to bo hopod that nothing will tond to elect these men, cxcopt the nomination of similar incompotont and unfit candidates by tho othor pafty, Against such an ovil the Republicans should take prompt and energotio monsures of pravention, In tho mistakea and blandera of tho Democratie Conventions they have an opportunity given them of olecting Ropublican Reprosenta- tives and Sonntors inall tho districts, aud this result can best Lo securod by nominat~ ing men who ought to bo olocted. Tho Indlanapolls Joxrual has “ tumblod to? a little Hye-stock trannaction of the honest old Governor, Azure Breeches, alins Bluc Jeavs, which refiects no eredit on him, sud twore or less disercdit on those respoustble for placing im (n a pusition 80 bigh above bis merits or capabili- ties. Tho charga is that he has been furnlabiog the State Insaue Asylumn with cattle from his farm ot §1.25 per 100 pounds, live welght, above the market-price. The Wincheastor (Ind,) Hera'd Iudulges in these moral reflections over tho cat- tle businesss i Unclo Juuxy was charged by Ttopublicans with being an tmbectle, and old dotard “with scarcely senwd cnough to take the right end of the road uome when out exhiblting his Ruyal 1lighness dur- ing the campalen; but thls tranvaction successtully® refutes all siick Wdls charges, ot leant a0 for as bis Aneneial acunien i» concerned, 1o haa ot joust shows blineolf ta bo capable of overrenching an axylui of idiots, and uuklmfl more than a thou- wutid dollars 01F of the State lunatics] When you pIck up on ¢ honest fanner,” you dou't always get hioli of & fous, by any ‘means! -Wo aro not advised as to the Govurnur's personal views on the Huanclul quentivn, but would deow 1t safe 1o fol- low s leud In whi matters pectatning 1o bull-jun, Tuo Indfavapolis Journal, which discoverod the goure on the Btate, parodios *“The houso thut Jack tuilt” in this clever mauner: “Chi4 s the barn that Jiuxy bulit, “I'nls ju the curn that luy 44 the barn that Jruuy bullt. ‘Ll 1 the rat that knawed the coru that lay In tho burn Ihatdiwsy built. "Tlils 1s the Journal reporter that smelt tho rat that knawed Jue corn that lay In the barn that Jieuy built, ‘e 1 tho ox that worrled the reporter that amelt the rat that giawed st cora that lay in the barn that ooy haitt, kX Lo steward from the Connly of Knox who pui the lung-hosiicd, shaguy 0% Lk wurrted e repurter thut selt tae b ihat gnzwed the i that day 1 (ho baew that Joouy bistt, & 1ho price, alx and a ball, enough 10 make oy lauph, pald Whea thu'Very oest cattle alive werw selling treely al ouly fivig vaid by the steward frum tao County of Kuox, fur the long- horned, Tung-taiied, siaggy ox, that worried the roporter thut smelt the rat thut uto the corn thut ne varn tuak JiuNy built, wo are tivo lunatice wild and weled, with lar. g ryeatid ukenin b that ate Tho yristly, atiiagy beef, witkoul cacupd and without relief, up dn 1 o andy o A from tha Cou rued, long-taif ro oster that xinglt the rat Ll guawed the cor tha 4y 10 1Lo bara that Joewy bulll, A rejected lover by the pame of Baruos ended Lis troubles and those of hls old sweet- heart {u ruther a bold and trugic manner, uot long sfuce, at Juolata, Cal, Miss WanDLAKE was the lady's pame, and her weddiog-duy brouglit tozether & lange concourse of friends aud acquaiutances, BARKRON amoung the rest. Just before tho asscmblure was sbout to dis- perse, Bannos approached the bride, beariug two glasses of wine. He banded lgr ono and drauk Lhe other blinself, saying significantly, *Let us drink togctticr once rgare, for the lust time on carth," Sho was rutber saddened by bils words, but supposed that they referred to tho necessary end ot Wielr intorvourse, and drauk: the wine. In half an bour both wero dead. Bauuox bad put polsou (o the wine. g To the Editor of The Tridune, xo, 1L, Bept, 47.—~(1) Will grouubacks bo tender afier Jan. 1, 1870Y Guu, Bates (wbo 0 Fiat caudldate for Staty Treasuree) sy wo ) What tu the bonded tndeblcdnes of the Unite Bistear And has it bovo Increased or deor sincy the War? , Piease apswer for Lhe inforusiion ol yo aders. Tucse Notlonuls are telling many m{y falsebouds, wiicl shvuld o contra® i . No o, . 3 1. Mr. Bares would e puzzied to find the law that repeals the lugul-teuder quality of tho grevubacks sfter Jun, 1, §970. There ls o such law, and thicy wlll coutious to be lezul-tenders. Tue Bauk of Evglaud notes ure fedcemably on dewand aud legal-tenders at the sumo thwe; so wiil bu the grecubacks in vluety days from this dete. Gei Bates, who mitat wetaluly kuvw that the Resumption act does nat tottch the legal- tender qunlity of the greenbacks, for he surely has read it. has no woral right to perambulate the State making false statements In this recard. e had better stop ity bo matter how anxious he mav beto invelzle votes Into his net. 2 Tho interest-bearing dedt at its highest point, Ang. 81, 1805, —three months after the close of the War, when the army was paid ofl, —amounted to $2,381,530,204. Un the 1st of Auguet, 1578, the intercst-bearing debt was §1,309,007,000,—belng a decronse of 8571,352.3M, or nearly six hundred millions of reduction aince the War. The total intercat-charge on the debt ot its maxinom was 8130007007 per annum. 1% s now down to §95,181,007,~being o reduction of &5%,700,600 per vear, Nearly Hall of this decrease Inintercat bas been secured, by refunding bonda into otliers bearing lower rater of Intercst. Thus, 5.30 bunds wera re- funded futo G per cents, and many of the lattor linvo ULeen changed inta 5%, 43¢s, and 4s. All the refunding now taking pluce consisis of changing 6 per.cents 1to 4s, theroby eaying one-third the futercst. The Government has been nbls to do this by keeplog [aith with its creditors, and mulutainfug (ts reputativn for liounesty, 2 Tha character of Basuge J. Titbes fs be- coming dafly better understood; and, the better it ts undorstood, the mare do the people of the United States thank Gop that he was not in- statted in the White House as the Clitef Fixeeu. tive of the Natjoo. When his dishonesty in cheating the Governmant out of a vart of ks revenue fn making returns of his incoma was first brought to the attention of the public, the allegation was denounced by the partisan patiers In his interest as ““a campalgn He ™ that would die with tho excitement of the canvuss. 30, too, in regard to the cfforts which lis friends made in Florlds sud Oregon to got that one much-nceded Electoral vote. People had no correct fdea st the time of tle deep-lald schemes of fraud and consplracy that swere attempted and coucocted on the part of siy SamMy and bis friends; but recent de- velopments have opencd their eyes to the facls, Cipher dispatches aud bank-checks telt the story of the intended larceny of an Electoral vute, and the whola transaction stampa TiLDEN u8 o man whom {t 18 no Iitet fo call a rascal. It the motlve {s the mensure of guilt,—which must be tho gango.when judging froin a moral polot of view,—then he must bo condemned ns bad man, The recwnt occurrence ot Marquette, in which certain aecount-books were stolen for the purpoae of shlclding Mr. TiLDEN, asls sup- posed, throws more light upon his methods of dotng bustucss. While the Potran Commitice has been busy trying in vain to find suflicient cause for implicating Mr. HAves, tho baso con- duct of Sastoer J. TiLpeN las been so fully exposed and mado manifest that all bonest men of all parties are glad ho was tot clectod. ¢ ——et—— The posision of Health-Officer tn Now York fs perlups the miost luceative fu the United States: certaluly Tammany §ull has few fatter pinces at ita disposal. A New York letter thus duscribes 182 Tho Health-Ofllcer's dutles are comparatively ligbt, tho rosl work being dono by deputics, but his Pecaaro enormotia. They wero fized halt a contury ago, when thero was compariively ittlo sbipping ot the port, nna hove nover baon changed sincy that time, Under tha law ns it stands the Health-OMfcer is permlitod to chargo $4.50 far boardlng evety voseel comlog from & foroign port tne year round, Last year tuere were G, forclim arrivals, making his net revenuo from thia source alone “for the yeur 810, #20. Uo has in addition the revenues from boarding constwisp vesscls, night boarding, fu- migation, cullecting ahlp news, mcdlcal attend. anve, transporiing patients o’ hospital, vaccina- tion, tranaporting patienta to Ward's und Black- well's Islands, Frest water sold to steam tugs, per- quisites, cte, ‘The Comminsioncrs compute the net ruvofiuos of tha ilealth-Oflicer for_laet year, ovor and above all exponsvs, at $U1,317, 'Thoy will ba wnnch Iarger this year, inaamniuch a3 thiero has besn an fmmense amount of fuiniyation of steamers, owing to the prevalencs of yellow fover, It fe thought that the rovenncs thia” year will approxi- mate to $485,000, Ten thousand dollars o year would be & large compensatiun for the dutles he perforins, e The Milwaukee Evening Wisconsin announces that the llon, Hottack Ruorns has been cn- gaged to coutribute regularly to its. editorial page. Mr, RupLus is at present Chalrman of the Itepublican Btate Central Cominittee, and is agentleman of flue Heerary ability and a writer of unusunl grace and power. For twenty yoars prior to his appointment as Miulster to Switzer- fand hio was the leading pelitical writer on tho Mudlson Journa!\—a paper that did more to promute the ormanization and unification of the Rtopublican party 1o Wisconsin than uny other newspaver in that State,—and tho record‘that ho left bebind bim as & Journallst s the prophecy of valuablo and efiltlent sery- fes in tho rolation that be has just formed. 'This new arraogement makes the Avening Wisconsin the orthodox Ropublican fournal of the Badger State, and it wili at onco be so recognized, as tha other * Republican English daily in Milwaukee has been prostituted to utterly base and seltish ends, and hias now no claim whatever uvori the patronsge or support of tho Republican party. gt Bex BurLer recontly charged that the finac- clal policy of tho Republican party had divided the poople of the country Into two classes,— stcapitalists and tramus.” And It scoins that oid Bxa himecif 12 about equally divided bo. tween theso two claysess for, whon we rotem- ber tis Giovernment and other bonds, his $10,+ 000 attornoy-foes in o aingle case, bis manufact- uring and other mtocks, his yocht and fine houses, wa must conalder him » bloated bond- holder and capitalist, But, when wo look at the crowd of lozy vagabonds, Communiats, Soclul. Iate, Fiatists, and frresponsible racemufiine of sll sorts at his back, then (t looks ns f the Lowell losvycr ought to be classitled as a tramp. s'The volee 18 Jacon's volee, but the hands ure the hauds of Esa . e —— The French peanle ate just now giving wnuch’ of tholr attentlon to the subjrct of popular edueation, ahd noney is butng voted quits luw Inhly for the support of colleges and schoots. In.Paris, necording to M. GEnann, the Connals. sloner of ¥ducation, the school-atteudance tn 1877 was 10 per cont @rvatee tian ln 18073 and, 1f 67,000 children did wot sttend school, thy cause was owiner to the waunt of achool-uccoins mudationd, Now, teapito the sullerings of the Capttal, the uumber of schouls las nearly doubled afnco 1870, Formerly, 10,000 children wera uniually arrested In the city for vagraicy n 1872, the nmber was 24113 fu WiT, only 1,710, of whom 100 were girls. 3 The young Bourbon cuba In Milwaukeo hava formod asort of political mutual admiration soclety, under the namao of tho Jucksonian Lesgue. ‘The Daily News, which 1s tho city aud county oflicial paper, and may, thervfore, bo aupposcd tospeak by the card, declares that thointluenco of this League is demoralizing, It calls unon its pacty touominate its best nen for oftice, and “frown down at caucuses the gluring wodes ot coloutsing, rebcating, and stutling, that have growt up very recently under the suspices of the Jacksouian League,” orit will be beaten at tho polls. Rather plain talk to comio from an ofiicial Deimocratic ongsy, ad- drussed to Democrals. e A most extraondinary funeral occurred at Mankato, Allon., last week, The diphtheria broke out ju the family of Mr, SaMyey Rax: DaLL, aad carriod off four of Lis children witnin four days. The bodfcs of two other children, who had died some time previously, and had been burled fn an old cemctery, wers disine turred, sud the six little cofins, carried tothe graveyard at the ssme time, atfurded a sad and uousual spectacle, An immenso concourso of sympathisiug fricods and uelghbors vathered sbout the famly-iwdnsion, ta attest thelr sop row for the griel-stricken parcnte. e ———n Hereafter the average Democratia Conventlon wust bave auother plauk {n ite platfurm, which shall, in f¢ and pruper terws, donousco the st Of ManLaxD, TiLDEA'S lawyer, who sh- stracted the sccount-vooks st Marquette from the court-room, 'fue bovks were stolen fu the futereat of Bax TiLpxw, and probably at bis suggestion, i onder toscreen BANMY frow exe Pustre us Lo Lls cheating e Uoverunenti and 1t ts now the duty of the Democratic press ang Democratic assemblages evervwhere Lo denounce this high-handed outrage galhist the persons) Iiberty of the citizen. [ alt Democratts plat. forms the first resolution should denounte thy W (ireat Fraud,” which meana the clection of Tiaves: aud the last ouzht to refer to the ar. rest of Tipex's hired man tn the usuy Mourbon rhetorl g —— There mcemb to boa healthier sentiment 1y France in regart to the punishment of criminaly than i{n our own eountry. . Frenchopinlon claimg that social brutes ought to dissppear from soclety as quickly 28 possible; hence the recent use of the guillotine in tho exceution of the twy scoundrels, Banag and Leotez, will have tho effect of satisfying the publle demand. The wretches were both youog, and of exdttent ¢ ucation, which they bad perverted: but fhe were no sentimentallsts to plead for a mitly; tion of tholr sentence. e ———s The Charlottae (N. C.) Obrerver says that [t §5 folly and madness to talk about rejecting ne. groes who apply for admlssion {nto the Demo. cratic party: and this is especially true In Sout Caroline.”” Almost anybody wonld neree to that. As long asthe negrols much more re. spectable than his white, bulldozing. cuttbroat neighbor, he certainly cannot disgrace the De. mocracy by merely voling that ticket, and ask. {ng tor nothing moroe. e We tre interested to know by what authority ex-Senator fOOLITILE sends out a challenze to nnoyher gentleman ‘to meet his gon, * Littie Jiw,” on tho stump to mensure ** intellectnal atrength with im. Tsn’t the youns man of age, that the venerable ancestor nssumes to control i In this mannert Andis e fit for Congress If hels Incapable of writlig and send. ing his own challengea? 0 Tnasmuch as Mra, Jewgs declared that Bex DoTeen wos “perfeetly lovely,” and as Mr. Buteen described lier as “a h—Nof s wornan,” i} looks.as 1 it would be necessary forthe iwo to pool thelr issues Lefore the JENKS goes on the stump for OId Cockeye. ettt Judge DooLITTLE says that tho great specch Dby his son, * Little Jix,** was not seen by hin untll after its dellvery. Is it the regnlar habit of the Judge to brepare the younz man's speechies, that the Senator should take patus to discloim the authorship of this uned prasastsasi bty POLIFICAL NOTES. On the 7th of Octobor, at Sycamore, Jonty C. Suxnwix, epublican candiinte for Congress, s tomeet In jolut debate Parson Sroucutoy, the Bourbon-I'rohibition candidate. Josernt Ronsins, who ran as, the Rnp\lbllc:n candiuate for Congress fn tho Eloventh Dis- trizt, Lwi years ago, just for fun, is in the city, e is Grand dastor of the Masonlc Iraternity, and will prestdo over tho deliberations of that Lody this woek. * ‘Tire TRIDUNE owes the Ilon. ANDREW Jacs- 80N KUTRENDALL an apology; In its political summary last Saturday ho was printed na Mr, Kur Kexpait. vown in Ezypt, where ho lives, they éhil him “Jack Kinkexpawe.' ile wilt be Senator all the same, The Edwardaville Jutelligencer, ¥ clalming to be Demacratic at all times and under all circum- stances," says * Theso-called nomination of Col. BuckuasTER Was nothing more or less thana swindle,—ane that will not, cannot be indorsed by the Democracy of Madison County,” Notwithatanding the assurances given In W, H. Bantow’s Eflugham letter to Trie TrRipuNg Inst week, the Republicans at Paris lost Friday decided not Lo put up a candidate for Congress inthe Flfteenth District, Hasn’t the Btawe Committee jurisdiction under these elreum- stauges! The venerablo Judge Josgrrt (ILLE3PIE, of Madison County, bas taken the stump -for the Flatists, begloning at Kaukakee next Thuraday. The Juage 18 uld enoneh to know better, though thero Is o uccountinft for the freaks uf second chilldbioud. Fintiam, ltko Jxer Davia’ sonscrlp tiou act, would rob alike the cradle and the grave, At a Gréenhack meeting in Champaiga Coun- ty, lust Saturday, Gen, Jony C. Brack rounted up one of his periods thus: * Hundreds of your neighbors’ familica have heard the auc- tlunecr’s hammer sound a knell to thelr honesy Lave secn the Bherill's key turned upon all thelr worldly goods.” This was very prefty. Gen. Brack s 8 hord-money Demourat sup- porting a soft-money candidate. Capt. Jonx R. Trosas, Republicat nomifnce for Congresa in the Eightecnth Dixtrict, isin thocity Iu_attendance on the Masonic Grand Lodge. Capt. Tuosas made his forty-fih speech at Carbondalo Saturday, and everywhere hus had most enthusiastic audlences, Josit Avven, his Demoeratic opponent, has o wost unsavory War record, and will get_scarcely auy support from Dewmovratic soldlers.’ W, T. Davipsox, editor of tho Lewistown Denwocrat, and member of the Democratie State Comimnittee, objects. to auy fusion with the Ureonbacks e mays: ta Lvo ulwaye heen sold out 1nall such trades. Wu should nut o soon forset oie experience with Daviy Davix, of Ninubs, ozl of Califoruia, und CmaTianey, of Sichbgin, -~ alloleeted to'the Unitod Stuies Nonute by u cumol: nation of Demoerats uuid Independents, f Tellows always wont back on ue whei we ut ueeded thom, The Elgla Advocate ncfercly crittclsse Tus TrtwuNe's Do Kaib correspundent for hin state ment that 'thero was serous obposition to Jolis C. Susnwiy, iz TINOUNE 1 wlud Lo hearthat o NRepyuljents ot i districr were never hetter unltpd ppon alcandldate, und e ek grumblers arg dldpdaintgd vohticlns, Thee 13 eyery resson to betiove that the Roputticas ue u parey are uuited In suppory of Mr, SiEie wiy, sud that he will poll u graater vole 1hia couldt have either Latiuor or Hunssee." = The pulitical campalen i well-uigh over.—that 18 Lo say, LUe BUMIDULILNY N3Ve heariy all bea wade, atd the fil clectiang uré ubout Lo begln. ‘Thess Cunventivus taku pluce dusig the comiug wontns 1=Nvbraaka Republican Misvourt Grevntuck wurl Regnullean New {lampaiirs Fronluiy Phiere 18 no October clection orzin fns your, ‘To-marrow Colorado holds her annuat tlection, and & week from that dato comio the great coutests of Tuwa, lugisna, and Oblo. That portion of the Democracy of tie Firit Distriet which bavkers after some of the lus. Joun WENTWORTI'S ducats has agein put up bis nephew, Moszs, for the Mouse, Moyes, st the lastwesslon, futroduced a proposition o abolleh the office of enrolling clerk, and sued complled & lls of abseutecs, which ho tiad print- ed to his gloritication. Two scastons have den oustrated that Moses J, \WantwonTit ls nut the kind of a legislator tho wealth and reapectds bility of she Firet District sbuid have. ‘The eampaign Is belug conductea vigorously on all skies in the Ruurtcenth Congrussiond Distsict, Jossru . Canxon, the Republicad nowiueo for ection, wanta greonbucky .u. par with gold; MaLb¥N JONES, Dumwnll: nowlnec, wants erecubacks a1 good ss goidi Jxsem Uaneay, Natloual nowineo, watits drect- bucks witbous any refereoes to roids | All the caudidates wera original Republicans, una alt t tho tuae, the War icasures of the o purty, JONES bolted on acvount of Joun A. Louad, and wps ciocled o the Siato Heuate fu J4T0 a8 au auth-LOGAN Kepublicais though Le rocelvod the Democralie : Vult Tagrss bolted tho Kepublicau parly wheu 5438 Cant Incubated the at luuscy. The Buurbui Dumocrscy indorses JONBs; tho Natlouat ¥Fiat Ists indoise HARFER; 800, while these onebded weu are quarreliog about thelr delusions, tbe reputable voulue element whil yuletly go 10 the polls aud eloct CAKNON by two or three Lhods sund majority, d