Chicago Daily Tribune Newspaper, October 21, 1878, Page 4

THE CIHiICAGO TRIBUNE: M(.)'\iDAY. OCTOBER 21, 1878, " Qe Tribmme. | TERMS OF SUBSCRIPTION. WY MAIL—IX ADVANCE=—TOSTAGH PRRPATD. 12 ally Fditton, one yen arls of & yeat. bt o Lt s Tartsof & year, ver monih. WEE pecimen copfos sent frea. Give Post-Ufica address In full, Including State sod iemittances may be made efther by draft, express, Tow-Utice order, or In registered letter, at out Flak. TEAMS TO CITY AURRCRIBRRS. Dally, Eelivered. Sunday excepted, 23 cents per werk. Dally, delivered, Bundey incitde 3, X cents per week. THE TRIBUNE COMPANY, Corner Madison snd Dearboro-sta., Chicago, 11 Ordrrs for the delivery of Tux TRIBTNE A Fngirwood, and Jiyde Part feft in the counting- ‘will recelve prompt attentior e TRIBUNE BRAN THR CRICA00 TRIATXE baa established hranch offices for the rece!pt of subscriptions ead sdveriisements A NKW YORK-Toom 20 Tyiduse Baflding. F.T.Ma- Fannex, Manager, FAIIS, France=Ko, 16 Rue de Ia Grange-Batellers. T Mautex, Agent. American Exchange, 449 Strand. b } H Ageat. Cat,~Palsce Totel Medivon sreet, between Desrborn and State. Ra- gagemeat of Miiwa Katle Maynew. tlooley’s Theatre. Tandolirh street, between Clark and Lafalle, Ea- Kagement of Jiobsun snd Crane. **Our aclielors,® Tinveriy’s Thentre, Dearbora street, curuer of Moaroe. Usyerly's Minstrela adtson and Monros. V- Tlalrted street, between Plety, huvelty, snd speciaity perfutinnnces, Hamlin's Theatre. Clark street,oppostta the Cuart-lonse, of the Delchanty & Slengler Combination, Vaciety A gt 1 2P T ton wiges cordinily vl ce, OCTOBER 21, In New York on Satarday greenbacks ruled at 99} cents on the dollar. They do things differently in Auld Scotin. On Saturday the Seeretary, Managing Di- reclor, and six co.Diractors of the Glasgow Bank were arrested for frand, separately, and not allowed to communiosate ately presiding in ons of tho Noew England circuits of tho Federal Court, baving deceased, rumored Cabinet changen are in circulation. muorning make frea with several uumes in this connection. Dispatches this Rear Avainan Pavepiso, Senior Flag Ofcer on toa rotired list of the navy, died Long TIsiand, yesterday. Admiral PaurpixG was the son of tho captor of Maj. Aspne, nnd the Iast surviving officor of the battle of Lake Champlain, at IHuntington, 's tariff speech in Philadelphin and his freo trade speech in Now York last summor nra returning now to plagne him. He s mecting with heavy opposition, and his defeat is confidently . anticipated, al- though W. D, RKerzey belioves Ranpary will Pnatent-Commissionor Srxzxn publishes a st of solicitors, ** many of whom,” he says, + have littlo knowledge beyond moro forms. Thesa aro often subordinates dismissed from tho Patont.Office.” o publishes this circu. Jar in the interost of inventors, and to pro- toct them from imposition. Judge IiLToN appears in print in defonso of tha New York kid-glove importers. e deniea that they are favored by the Nuw York Custom-House nuthorities, and asserts that Wostern importing merchauts can nover computo with those of Naw York till they liavo eapital in proportion to engage in the The Indianapolis Juurnal warns the peo- ple that they may expect the coming Legisla. turu to redistrict and gerrymandor that State o3 the Democratic wajarity did in Obilo, and yucitea Hoc. 6 of Art. 4 of the Indiann Con. stitution, which authorizes an enumerntion while male juhnbitants over 21 Tux Trisuye's Washington correspond. ent, having carefully compared the cipher withgcontamporaneous history, gives this morning 4 clearer and more in- telligent version of the disreputable business thau uny yot printed. that the odium of the intended bribery rests upoa the Democratio party. His conclusion is The Washington Sunday Herald, » recog- nized Democratio journal putrouized by Congrossmen, afirms that the cipher dis- Patches lay the ‘TiLpex complot so bare that 1o one can protend not to sce it ore not brought honie to him,” says the Jlerald, ** Lin sonile cunning in baving them Bout by others will be of no avail,” The Bouthern fire-vating press is beginning to maksitself heard on the cipher dispatches. The Charleston Couricr says * The cipher digpatches are not what one might style ex- slting or improving pulitical work," and with that emphbaticstyle peculiar to the BarnwiLy Ruerts it charges Mr. Tizvex with having ¢‘ bungled and fluvked alternately,” wIBUNK resders tlis mcrning with & very readsble letter on the Misslssippl River problem, advocating the Yake Borgne and similar oullets aw sgaiust the extravagenco aud uucertainty of tbe Eavs jetties, Capt. Cowvon bhas the indorégment of some of the best hydro. graphic engineers in the nation, as slso that of very many practical business-men and statesmon, aud ouly fears a failure because Lis plan is too chieap to bo popular. “fiivo mo neither poverty nor riches,” way the theme upon which Prof, Swing dis- woursed yesterday, speukivg for *‘ that mplo titudu 1ot ko lofty as to nued no Gopy aud uot %0 low ea to disgrace oue, Liad an iwmense congrega Church, aud began the new Conference year uuder tho Lappigst auspices. He defined at some lepgth she work of a winister, and, speakiug for Limuelf, would. stlow 5o Ladge or uome to stand be- tween him and the great brotherbood of ruce. bir. Moowy, Chicsgo's fovorite Evanglist, declared that be in coin, or in nntional notes promisiug re- demption in coin, and which by contract on the part of the Government ara payable on and after a corlain date in gold and milver, Now, wa submit to the good senra and fn- telligent judgment of thoss fn debt who ad- vocato ** flat " money, whether, in case Con- gress should direct an issue of fiat paper, they can ever expect to discharge an existing contract legally payable in coin, or paper promising to pay coin, with scrip which is not a mational obligatign, which is not n promise to pay coin, which s not redecma. bloin coinat a specified date, oratany time, in anything whatever, and which professes to bo “*dollars” other than the coin dollars of the United Blates of oertain weights in gold or silver, . We have shown, wo thick, that the issue of *“fiat” paper dollars is something wholly distinct from the issue of paper promises to pay coin dollars, and, therefore, there is no analogy whatever between the legal reason- ing which declare the Iatter iasno to be legal nander all the circumatances and the claim for tho issue of flat money, 'The issua of ** Gat” money would be an entirely new queation, witiont precoedent and without one word of judicinl suggestion. Do any of these men who favor the issue of tons of ** fiat " serip in the hope of finding a relief in paying their prosent debts, believe that any Court, or suy Judge of any Court, in the United States would sauction such’ n doctrine as that Congress could * borrow " money in time of peace and give -ho token or ovidence of its liability and of the national obligation te redeem . the loan in the ‘*dollara” of (he conutry, which the Courts from 1760 to 1878 have Leld to menn the coin dollars of the United Staton? Not one creditor would accept a dollar of such money in lignidation of his olaim; no Court would recognize the tondor of such “ money " as having any legal value or price; and the fiat scrip, branded with {1- legality, would perish in tho hauvds of the dupes who should seek it, intending to use it to dischargo debis without the employ- ment of any money. the year 1876 tho total value of the exports to Auatralia and New Zenland from San Fran- cinco wns less than §600,000, and the valna of the imports abont ¥ 0K, or n total trade In a subsidized lino of steamers of nbout amillion and s qunrter dollars. What is needed ia to reduce onr tariff, so that we can buy nnd eelt at the world's prices, and then we will hiave more customers from other countrics, Tho attempt fo identify tho request of the Notthern Pacifie Railroad with that of Tos Scorr’s Taxas Pacific will not decoive any porson, ‘'The Northern Pacific Company is building its road rapldly from its own means, Owlng to the panio and the bad management of it officers, work was sus- ponded for several yenrs. All it naks of Congross {s that (he. term during which by Inw the ‘rond was to be completed shall be extended. It asksno money and no addi- tional land. Nobody objects to an exten- sion of the time in Wliich the Texas Pacifie may be constructed. . The Toxas P'acific Rond nsks a subsidy in the shape of 8 guarantee by the United States that tho intercst shall be paid on Scorr's bonds, 'Buio bonds are to bo issncd at the rate of $35,000 per mile for 1,800 ‘miles, the bonds to run . forty years and pay b per cont intorest. Tha principal of the bonds will ba $63,000,000; the aunual jnter- est £3,150,000, which for forty yenrs will smount to £126,000,000, The Government is nsked to guarauteo the payment of $126.. 000,000 and take o mortgage on the rond. 'fhe QGovernmont is, fnst now struggling with the othor Tacifia Railroads, It is in poril of paying about %00,000,000 in- terest on n prineipal of $04,000,000, and has alrendy puid £40,000,000, It would hiavo been cheaper to have puid the principul in the beginuing, just s it will be cheaper now to pay over to Tos Scott §63,000,000 in gold as s freo gift than to nssumo a lin- Lility for the $126,000,000 of intereat. And this 18 declared not to bo a subsidy ; mercly 8 businesslika travsaction such ns a bank might make with a customer! It is, in tho light of the costly experioncs of the past, o bold, unmitigated fraud, an attempt 1o mnke tho people of -tHe United Btates tho indorsers of a rallrond corporation and a construction cowmpony -now hopelessly iu. solvont, nnd to faston upon the people a large additional debt to hang over them natil far into the noxt eentury, It is cor- rupt and dishonest, beeauso thero is o road now in course of construction over the same ronte building by private cnpital, which wants no Goverminent aid, and whose prog- rass {s arrostod, in the intercst of this sub- sidy, by the doninl of the right of wny. The people of the country will not submit to any mora subaidy jobs, und wo to the party or the publio roprosontative who bLotrays the publie for the bribo of the subsidy-beggar ! preached in the morning at Chicago Avenno Chrch and in the afternoon at Farwell Hall, having large audiences at both meet. ings. will of the people. Tt Mr, Toy Frxa will take the trouble to foot up tha voto cast for B el again onlled to the condition of terrorism which prevails in portions of the Bonth, to which he replied that he losired it to bo un- derstood ho would protect the colored race in the enjoyment of all their rights. The President believed that the inatructions Iately given by the Attorney.General would be obeyed, but he folt averse to employing the army to cxecute the laws, not believing it wonld be beneficial struggle turned on Congressmen, In the Presidentinl year of 1878 his district gave 206 Democratic majority, By what majority wna Mr, Ewixa ro-clected this month? Only theso issuesnra so popular in Ohio,why did he Judge SarLranazaxs, of Ohio, now cormea not ssveep bis district by thousands of votes? forward nd gives his testimony in regard to the attempted bribery of n Bonth Carolina Elector by the Troex Democracy. His ac- conul is ciroumstantial and complete. He was at Colnmbia when the Electoral vote was cast, and heard an Eloctor doclare to his associstes that the Democrats had offered him a certain sum of money in haud and an additional amount when his vote was cast for Truozx and Hespricks. tled down to almost nothing? Why did he have so desperats work to retain his seat? say hat by running n enndidato in his dis- tricts they wonkened him, because they ran —rrree—— PAYIRG DEBTS IN FIAT MONEY, There are a great number of persons in all parts of the country who aroindebt and whoso fand is in morigage, and who, becauss of the depreciation in the valuo of property, ns. sume that if Congress would authorize the isane of ‘‘ absolute paper money" in suff- ciont quantity it would sink in valne so much snd bo so abundant that, being legal- tender, existing debts could be paid off and wortgages dischargod at a rednction of one- half or one.quarter of their amount in pros- ent money, ‘Wo sappose—and all the facts and circnm- stances justify the snpposition—that, were it not for the expactation and hope that the ls- suo of this scrip wonld in some way cnable a mian to pay his eristing dobts at a comparn- tively small cost Lo himsel?, tho advocates of fiat slinplasters would be few and far be- tween, The argument runs thus: A isa farmer owing # morigage on his land for £5,000, Lenring 9 per cont interest. B is a mechanio owing a mortgage on his home of 81,500, benaring B per cent interost. Whoat is sell- ing at $1 per bushel, and wagos are $2 n day. It fiat money be insuod, it will depreciate to 25 or 50 cents on tho dollar; wheat will sell for §3 or §4 por bushel, and wages will rise to §6 or 39 por day in this cheap stuff. The money, being legal-tender, can be forced on eraditors and employed o pay off mortgages, ofter which theso persons will have no far. ther interest In or desire for flat money. It is only becauso theso tempting indnce- ments are hold out by office-seeking dema- gogues that persons, embarrassed finan. cinlly, favor a scheme which their good sense, comnon honesty, and past experionce must convince them is fallacious aud ruin- ous. This they all admit, but they expect it to bold out long enough to disembarrass them, and then they will not care how soon the trash is abolished, They rogard it as a kink of new-fangled Lankrupt law, which will ennble tho desperately-embarrassed debtor to rotain his property and sponge out his obligations at the same time. Doon it never occur to thero persons that it {s possible thoy are following a delusion ; that they are chenting thomselves, and that it is not in the power of Congress, short of a totnl revolution, to makeany such fiat money 08 is proposed o legal-tendor to pay any debt now existing ? ‘Wil thoy consider the facts and circumstances, and then say what chouco they can have to pay off existing dehta in fiat pnper ? The Congresa, in 1862, under the irresisti- ble necessities of war, insned ‘L'rensury notes which promised on thelr face to pay * dollars " to tho benrer, These notes wero nado legal-tonder. A * dollar " as then de- fined by the laws of tho United Statos rep- resented & given weight of gold or a given weight of silver of certain proportions ns to finonoes. ‘Tlhe legal-tonder notes thus issued, whilo not dollars and not professing to be dollars of thomsolves, were promisos to pay coin dollars, There s, therofors, o vory wido and natural distinction be~ tweon tho lssue of papor notes to circulate ns money, which are the promises of the Govornment to pay the bearer in gold or silver ** dollars,” and paper of no value in itaclf, and containing no promiso to pay in nnything, but purporting to Lo * dollars” [n fact 0s well ns fn law, The Bupremo Uonrt of the United Btates sustained the valldity of the greonbacks becanse of the nocessity which demanded the loan in that form, and hecouso thoy were issued in anticipation of the publio revenue, thoy Loing madu payable out of the pablio revenue, and because they were payabla in coiu dollars, The Court demnation of Toxt's dootrines; the peoplo thero are ovidently in favorof honest money, and desire the Resumption act to stand, and have weak faith in shinplaster ourrency, or in Toxt Ewxo as its apostle. A OANADIAN MISTAKE, Soms time ago the Canadinn Commis- to nll Collectars ¢ I am tnatructed by the Minisler of Customs lo call your atfention to fhe beatine of the Lustoms las upon the treatment of wrecked versels ot props crty 1n Canadian waters, which provides in effect ihat nu vessel, forcizn or domestic, has legal fight tointerfare with wreckod voesels or material in Canadian waters unicss permitted by the Collector of C me at the nearest nort after reporting to o, And I:fl/fln«lu vessel shonld rece.ve such permission.as it \s contrary (o the Customns luw, and :ha»m[ be placed under detention in case of ciola- 0n, Tuformation has come to tho Governmont at Washington that this order, which of it- sclf seema to be contrary to humano princi- ples, is so construed by the Canadinn cus- toms officinls ns to punish Ameriean seamen for common ncts of humanity in coming to the asuistanco of vessels in distress. Tive specific instances are citzd in which timely nid from tho American sido have saved Ainorican vousels in - Canadion waters from shipwreck, nud fu which either flues wero mmposed or an admonition given by tho Canadisn authorities. Inona case an Ameri- can tug-Coptain saved spmo of his own Larges by going to their vesouo when they woro grounded near Windsor, and for this his tug was bondod in the sum of $100. An- othor Amorican tug.Onptnin saved on American vossel 1n Canadlan waters ns o simple not of humaunity, and the Cana- dlan customns offielals made him pay a fino of $400 in gold. Capt. 8rrckn, of the revenuc-cutter Fessonden, reports that ho hos on three occasious racontly rendered as- nistanco to American vessels in diatress in COanadian waters, and that the nuthorities have warned him that thoy will servo process on bis cutter if he is again found engaged in this duty. It is almost inconceivable that this ground has been inkon by the Canadian sathorities; it would seem to jndicate a do- terminotion that Amorican vessals in distross In Conodisn waters must be allowed to go to pleces in order that the Cana- dlans may onjoy the pickings from tho wrecks. It moy be that there is o clnss of men in Osnade willing to engago in tho disreputable business of pro. fonsional *“wreckors,” but it s difffoult to belevo that thoy can find countengnce and encouragoment from the Canadiad authori. ties. We hopo that proper representations to the now Canadion Governmont will seoura tho withdrawal of the onder quoted, or such offlcial modification thercof that it will not provent American sesmen from coming to the rescue of their countrymen in dangor. ‘Tho Amierican Congress lnst winter mado a proffer of reciprocity in life-saving privilegos which it would be creditablo to the Canadian people to accopt. At all events, they cannat afford so far to disregard huwmane considera- tions na to discourago life-saving by imposing o fine upon those who voluntarily undertake it in Canadian waters, THE SUBSIDY JOBS, Gen. Crrus Bussey, Prosident of the New Orleans Toard of Trado, writes us to put Limaelf right in rogerd to cortaln subjects discussed by him in his speech in this city on Wednosday Inst, and which he thinky wo commented on unjustly. Thoe spcech and the resolutions favored the extonsion of onr foreign commorce, and in this particular Taz ‘Tnisuse cordially indorsod all that was sald. ‘Tz Trinuws, howaver, pointed out that, un. derneath the mnss of words in favor of an extension of international trade, the scheme really advocated bath by the speaker aud by tho resolutions was n scheme of robbery and fraud in the snbsidy by the National Gov- crnment of lines of ocenn steamships, and of ‘Fox Boorr's bankrupt Construction Com- pany in building the Texas Pacific Raflrond, That was what Tux Taibune said, aud this we understand Gen. Hussey to admit. In publishing his lotter we might dlismiss the matter; but tho subsidy schemo is too great a fraud, too gigantic & robbery, to be overlooked or forgoiten when it thirusts itself before the publie. We have nothing to do with Gon, Bussey in this mat- tor. We confine ourselves to the discussion JOSH ALLEN, - It sooms to bo tho misfortuno of the Dem. ocratio party that it never miases an oppor- tunity to stultify itself, In its insatinble groed for offico its lendors ars «uite apt to abandon whatever of pringipla the party once possessed, and under the plen of availibillty take up with mon and measures which evant. unliy load it into s Ilabyrinth of contradic- tions, To-day the Demooraoy is sceking to roturn Wmunx J. Arzey to Congress from the Eightcenth District, When the War of the Robollion began, Jomx A, Loaay, its then Representativo, resignod nnd took & commission in the Union army. Avrex wos elected to the vacaucy, and re. elected for tho Thirty-olghth Congress. In tho cauvass preceding fils oleation, Arrex took the broad gronnd that the War was “{phuman, unconstitutlonal, ‘and fratri- cidal.” When he was swora in na a mamber ho held to the samo opinions. ITo ranged himsol? alongside of tho traitor Varraxpra- uax, sud on overy occasion he was a bitter and mallgonnt obstructive, When the Gov. ernment brought in bills for supplying the soldiors in tho field with the common neces- sarios of life, Josr Arrzy voted always and uniformly No. With Vanranoramas, he doclared, ¥ Not o dollar, not a man, for the proservation of the Union.” When, after some of the earlier battles, Congross was appealed to for money with which to LAy straw for the ugo of wounded soldiors then in Liospitals, ArreN voted' No! Te was a Copperhead to tho backbono, On tho 23d of Decomber, 18G2, Aurew made o spocch In tho IHjuse of Reprosenta. tiver, in whbich e declared that * Houthern Illinois must eithor bo tho home of white wmen or black mon—they cannotdwell to- gottier,” whilo to.day. this samo Josu ArLxy {8 a practicing attorney before Judgoe Db, ouna of the ex-slaves whom ha so bit- torly denounced in thad spoech. Ho not only practices in a court presidod over by o of tho subsidy business and its abomina. tions. ‘Tho list of steamship linesto Le sub- sidized aro: / Lines, New York to Rlo Janeiro.. Miles. ve ees 15,000 DU Mites in ono ronnd trip ou ali the lines. .8, 500 Wae approximate the distances, but the abave fgures will not vary much from the actual fact. This schemao doos not incinde the claims of Philadolphin, nor' of Boston, for stoamsuhips to secure Sauthern trado ; it does not include the lines between Baltimore, Sa- vannah, New Orlenns, Norfolk, Philadelphia, aud New York to Great Dritain, France, and Gerinany ; nor does it include any lines to. the Pacillo States of South Amorica. Gen, Busser's programme is either altogether too short or altogether too long, but, neverthe. loss, in either case it isn fraud and a rob. bory. There is not the slightest difficulty in the receipt and forwarding of mails to any of the countries named, 5o the pratoxt of paying for the transportation of mails is altogether too flimay to Lide the resl schame that the United States rmust pay from two to four millions of dollars nnnunlly to enable cerlain private companies to run stoamships on tho ocean. Even if tho extravagant and wild cstimatp thot these lines would secure a foreign trade of 8100, Weo hava horotofore gatimated tho value of Mr, TiLoex's ploa of “not guilty” in the lightof tho circumstantial ovidonod sgainst Lim; it was not found any more worthy of belief than tho same plen when entered up by o crimingl at the bar who desperately coufronts the most damuing testimony, in tho hopo that a packed jury or some techni- cality of the law 1any ousble him to escapo the penalty of hisguilt. But Mr, TiLpex also secks immunity on the theory that it nalil s 000,000 a year weoro truo, the p'mfiu in cor- | negro, but he aud his parly aro urging that | was imposaiblo for him to sin. * The King T obligations of the | TYIug that trado oughit to suffice’ tho owners | sama despisod negro rnos to support him for | can do no wrong,” s the doctrino upon United Stator, ‘Phinlr namo imyorts obligstion, | of the companies, to whom the mero pit. Congross us against Joux' R, Tuoxas, a brave Union soldior! Feb. 28, 1863, Josut Anpes made o speech in the House of Reproseutatives ostensibly againat the Conscription act, but it was, as were nll his speochos, a labored attack upon the bonor and loyalty of every friend and supportor of the Uulon, even going out of his way to attack the editor of Tae Oni- caao Teipuse. Inthat spoech he denounced the offorts thon being made by Becretary Ouasx to float the greenback og a war loan— dencunced it ag *“ vonal " and * doesigned to invest him [Cuasg] with uulimited authority to redevimn irrodeemadls, moouvertiblo Govern- mont jesucs.” To-day, thls same old Cop, Josz AnteN, s the Demooratic.Greenback nomiuce for Congress, nud claims to bo the especial ‘champion of Greenback currency, by which he means, liowever, unlimited issues' of fiat shinplusters redvemablo by nobody, at no place, and nover. A man with such o rocord cuglit to bs snowed under out of sighit at tho polls on the fith of next November, ‘Thoreare Union soldicrs enough liviog in his district to do it. 2 ry one of tham on ite face & promise 10 pay & certain suw, TAsdoliar-note (s u promise t0 puty & dotiar ; sod the Intended §s tle coin dollar of the Ui \les,—A ceriain weight and Bucness of guld ur silver, 1t iu clear that 1f the United States, under the power to borrow money, must issus to tho lender an obligation to pay him dol. lars, meaning the coustitutional coin dollars of tho United States, the lsauo of paper dollars not in the naturo of an obligation or u promise to pay, in coin or any other form of dollara of value, is somothiug wholly dif. foeront, is not & loan, is not Lorrowing money, aud i not the kind, quality, or charoter of paper inteudsd for circulation which the Court decided could lawfully be made a logal-tender, "The greenbacks being uotea redeemable in colu, aud the fiat paper dollar being some- thing entirely different, nothing in the word, spirit, iotent, or meaning of the Court in. declaring the greenback lawful con hiave any suthority or application to the issue of flat 1noney. All tho existing private dobts in the United Btates aro payablo In gold, or iu coin, or in * lawful money,” which {ncludes greenbacks and coln. Thore are coin debts existing un- der special written contracts, which con. tracts the Bupreme Court has upheld, In some Stales taxes are, by State laws, mads payable in coiu, and tho Court has affirmed that even groenbacks are not logal-tender in payment of such taxes, Iu the absence of apeoial ‘contracts, all privato debis are pays. ble by law in coln, or in greenbacks, which in turn are to be redeemed in coin, Weo bLave sbown that the Court has held that greonbacks are themsalvea s conitract to pay the beaser coin-dollars. If there were any dqubt a3 to this, the act of Congress of 1869 “Hgolemnly plodged” the national faith to mako provision st the earlisst prasticabla period for “the redemptlon of the United Htates notes in coin. That was a pledge that tho promise of the uotes should bLe kept, Bix years later Cougress fixed the date at which the notos should bo so re- deemed in gold aud silver dollars, All tho debts in the United Btstes existing ot this Lime are, therefore, Ly contract, and by coutract baviug the forca of law, payuble whioch he relies mainly,—sssuming himself to bo a very monarch of alt the virtuos, * No such contemplated transaction,” ko pronounces from his throno, *‘could at any time have como within the range of my power without that power being instantly oxerted to crush it out.” He declares that tanco of tho subsidy would be insignificant, The fact ix, that, if thure waa the ramotost hopoe that such linos would Lring even o com. partively swall trado, privato capital would put tho vessels afloat, Al the United States have to do in order to Lave Amorican steam. slips, ownod by Awmericans, and floating the American flag, ougaged in ovory part of the globe, seeking trade and bringing Lither and toking hience the exchauges of natious, is to ropenl the antiquated and medioval naviga. tion laws, which prohibit American mer. chauts buying ships aud carrying their own goods, in their own bottoms, undor their own | flag. Commercial freedom, und not subsidy, is the only thing mneeded to place a Mno of American steamships cverywhore whero it will pay or hold out oven a promise to pay expouses, The United States Gov. ornment s under an obligation to extend postal acilitios to overy part of the United Btates, whother tho mail has to be transported by rail, by boat, by atage, on horseback, or on foot ; it pays for carrying the mall, and nothing clse. It docs not subuidize the horse, the stage, or the boat; it uses what. ever means it can find avallable. It is under no obligstion to yun steamsbips to Eugland, DBrazil, or Ohina, especially wheun it can find means of sending mails to ull those countries for the mere sum of occan poatages. CGen, Bussey is in errop whou he states that tho Government ls paying the Stato of Tllinois a wubsidy of 800,000 a year for car- rying Ulinois mails. ‘Tho cost of transport Jug mails across the Btate of Illinois snd in the Btate may exceed the postages collected in this Btate, but iu that cost is includoed the transportation of mails from the East (o the West, and from the West o the East, and to aud from the Bouthwestern Btates, and not merely the correspondence of the people of this Stato. The old story that' to completse Tox Bcorr's Texas Pacific Raflway will bring to this country a large portion of the §230,000,- 000 of Australisn aud Now Zoalaud trads bas been worn so threadbare that its pov. erty has becoms painful. Thosv countrivy have beon paying $450,000 a year subsidy £or & line of stoumors to Ban Francisco, In sumably Reform—which prevented him from taking any part in “the sbameful com- petition,” aud that ho was nominated and elected * without ono lwitation of Lis per- sonal independonce,” ‘Chis Is very Ligh ground for Mr, Tiuben to tuke, Unfortunately, the revelations of -olitical, and commercial, and woral corrup. tion of the last few years have deprived wen of the lofticat pretentions to virlye from the privilego of pleading their chnracter as a gen. erul defense agsinst all accusations. It would not be diffionlt to rocall by name scorcs of men in politics, in comuiorce, and even in the pulpit, who have fallen from thoir high eatato,—meu whose lives Lad been regarded always os nbove reproach. Iad Mr. ‘I'yuoey been as pure 23 an augel in his private lifa, as scrupulous ns one of the Cheeryble brothors in his busluess relations, & very Clevalier Bavasp—sans peur el 4ans reproche~—in his publio caroer, suspicion would fasten npon hun with tho chafu of ciroumstances that connoet (ramercy Park with the Florida, and South Curolina, and Oregon cor- ruption. DBut Mr, Tioex can scarcely claim this aliitudinons and Impreguable kind of virtuo in all his provious dealiugs, 1o has not always boon held to bo above sus- pleion cither iu private or public affairs, On the coutrary, he has always bad the reputa tion of bulug a crafly and scheming pali- tictan, liomacz Guzprey hranded him as ve- spousible for the New York ballot-box frauds catried out by ‘I'wekp. e did not uso his power to ‘‘crush out” Tweediswm fu Now York nntil it had received its death-Llow {row other handy, aud ‘he Lad concluded it was wiser to coudemmn thsu to support . it, His agents at the 8i. Louis Couvention did not scruplo to use corrupt meaus for secur- ing Lim the nomiuation, whetever his in- structions way bave been. 1is private pur- suits bave not gained fur Lim soiwmunity T'ox Ewino was in Washington at last ac. counts giving “interviews” to the news- paper roporters for the purpose of having them tylvxnplnd over the country, In this way he managed toring In a quantity of mis- statoments on tho readors of Tux ‘Tniune. Awong other thiugs he sald: *“Tho [fiat shiinplaster] mowement is -gaining strength every day.” * Opposition th resumption gsined three members of Congress in Olio, ond the loas of tho ftate ticket by mbout balf the plurality by which we lost it in 1876." Ob, no, Mr, Ewixg, it was not op- poiition to resumption that gaiued your party three membery of Cpngress; it was the rascally and cheating reapportionment of the Congreasional Distriots under tha dictationof Bam Ranpary, Speaker of thyp House, that ** galned ™ them ; aud tho indignation of tho peuple was suok that ssveral of your political sronies camo mighty near being left at howe in strong Dowmocratio districts, For tho firet time in thirty or forty years in Obio, & regillur Cougressional apportionmant, made wficru Federal census, was tora to piecsy for partisan roasons, and the districts re- nrranged for tho purposs of dofenting the Congressionnl eandidates, ha will discover that the Repnblican majority tn the Stalo over the Democratic candidates exceeds eleren thousand, and Ewixo admits that the chief by the beggarly mrjority of 834 votes. His campaign erles were, * Down with the Na. tional Bauks,” * Ropeal the Rosumption law,” nnd n plentiful issne of *Fiat" monoy. If Why, on the contrary, was bis majority whit- o can't lay the blame on the Nationals, and no candidato of their own, but concontrated their votes and pooled their issues for Fint ToM. Under the cireumatances, the verdiet of Ewrvo's own district amounts to a con- sioner of Cuatoms issued the following ordor he had a * perfuctly fixed purpose'—pre., from suspiclon, ntatipulation of railrond intovests. 1o in to-day on trial “or hnving swindled the Government of tho income tax due from him,—an act which involved false hwonring. e has conatantly employed the véry menns for covering up his business irregularities that were employed to conceal the corrup. tion in Floridn, South Carolinn, aud Oregon, —seeret cipher messages, Altogether he is not robed in white, and does not carry about him the odor of sanctity. But Mr, Titoex's lofty prolesiations of virtue are almost ludicrous when considered fo the relation which ho still benrs tothe moat prominent actor in this bribery bunsi- ness. Pruzox's complicity in the plot to buy Eleotora in Oregon, South Carolina,and Flor. idn is not even denfed, and Perron stands in the closest relations of consanguinity and confidence to Mr, Tirpzx. Yet this very lotter of Titpew's, which is so flatulont with consclous rectitnde, las not ono word of roproof for this man PeLTON, or nny of tha other intimato and confidentinl agonts of his who wora engaged in the work of bribery. Indeod, Perrox still livea in Mr. TrLpEX's’ household, aud conlinues to enjoy Tan't it somathing like a travesty of virtue that Trw. pex should vaunt himsclf to be ubove sus- picion while he still consorts with mun who have been proved to bs corrupt in his intor. cat? Mr. Treoes will be obliged to invent a uew codo of mornls boforn ha can escapo Tiuoxx's confidence and favor. condemnation under theso circumstances. DEBASING THE CURRENOY. The man who bad spont a lazge part of his 1ite as an invalid, who had suffered the pnins nud discomforts of protracted derangemont of hissystem, and after yoarsof endurance should find himselt rostored to honlth and in posses. wion agnin of a vigorons body, would not ke apt, voluntarily, to esort to any monus lo destroy that licalth and roturn him to his formor fllness and prostration. Such a man would bo universally considered aa beroft of his sonses and a fit person to be placed un- dor restzaint and control. Aftor more than sixteen years of strug- gling with tho derangements of business and of industry consequent npon a' loug civil war, and cursed with the afitiction of a o debased onrrency, the conntry has eudured losses and financial calamitics such s had nover beon anticipated, and far excosding Tho War being any provious experisnce. over, naturally tho work of racovery was entered upon, It was slow, tedious, and vory unsatisfactory. The Govornment credit was far below par, It could not borrow, excopt at high vatos of intersst and at n Inrgo disconnt. Owing to tho debasemout of the currenoy, tho wildest speculntion ond gambling took place. Credit took the place of capital, and crodit values, and credit woalth, aud crodit expactotions bocamo oxtravagant. Finally, the credit bubble burst, and thero was ndditionnl suffering, loss, and diatreas, The nctnsl condition of tho country wos perhaps eventunlly im- proved by the explosion. Gradnally public crodit improved. ke Government way able in timo to borrow money at & per cont at par; after n while the Government was nblo to take up G por cout bonds by an fssne of 4§ per cent bonds ; and still further on, there having boen a dny fixed for o roturn to spacio values, the Government was abla to substi- tute 4 por cent bonds for 0 per cont bonda. Tho coinagé of silver was rogumed ; the flow of gold was arrested; our annual bal. ances duo us in coin from othor:countries grew larger; coiu, both gold and silver, were exchangeablo for paper. The couutry waos relieved at last of the pro- tracted evil of a depreciated currency, business improved, production was resumed, Iabor, so loug unomployed, was put at work, manufactures wore produced and exported, and practically the finances and tho curronoy were onco moro re-oatablished, to promoto which a now party is organized? It is o proposition to go back iuto the do- lrium of a debased currency; to reject coln, coin valuo, and to bury tho business, the productlon, tho enterorise, labor, and the credit of the conntry aud of tho people un- dor o volumo of valucloss, irredecinable paper money, forced by law upon the pub. lic, and loading, as the universal history of such paper shows, to iuflation, gambling, panle, destenction, loss, aud ruin. The proposition is that the sick man, upon untarily sook his old ailments, As we pointed out a fow daya ago, there fs no nation that has ever voluutanly debased its curronoy, Having, a4 a consequenceof war or othier calawity, boen compelled to adopt such a currenoy, it Los been tho effort to re. cover uational credit, and discontinue the uso of forced money. Having recovered from the calymi'y of forced money, no no. tion has ever entertained the duicidal, idiotic schewe of voluutarily returning to ft. It i ouly here in the United States that such a schemno has ever buen seriously proposed, ever countenanced, or over bad the support of any body of intelligent people, T the Editor of The Tribaine. Citicaan, Uct. 10,—14 taero any ofice within the gife ol tno President the emolnments of which would have pald the Florlda Eleciors us much us TILLEN weens (0 liave offered themy 1€, according 10 Demucrutic claliug, the vole of that Btats was for TiLuEN, 1t sccms {0 we Ly tuads 2u vgroglous blunder fu not acceuting the highuat oiler, Wwien ib accorded with tho will of Lheir yolere Lo do so, To whomn was TIHLIEX'S oBer mad, . Xy There was no oflice in the gift of the Fre. to which auy of the mewmvers of the Flunda Returuing Dosrd could possibly have been ap- voluted to that was worth oue-fenth of tho bribe TILDEN agreea to pay for an Electoral vote frum that State. It 15 not kuown 1o whom the offer of $50,000 **best United States documents ' was made, unlca: was McLan, wiom MaRoLx afterwards called an “aguc-stricken pariaw.” McLix says thet MARDLE tried to buy bis Elect- oral vots for TiLLEN and febsacheludion e tstn Although the Democrsts and Orcenbackers have & clear masjority ou jolot ballut fu the fudl- una Loglilature, the re-election ot D, W. Voou- 1tEs to the Beuate ls not sn assured matier by »oy meanp. Indiuna pollticians have alwsys been sUippery fellows, In 1343 the convass was made directly with reference to a control of the Legislature. ‘ITho sipuants for United States Beustor were Ouiver (1. Smiru (Whiy), and TIOHMAX A, HowAaRrD (Democrat). BNITI W, he then Senator, and alter the clection by found to have sevooty-five Walgs aud oue'Dew- ocrat pledged to himsclf, while [lowaxp bed ouly seveoty-four Democrats. Before the eles ton occurred, however, the party barrlers wers brokeu dow: aud the brilllant but aofortunste Neo Haxpiaay curried off (be prize. The vext Suuday after the sinking of the ex- curslon steawer Princess Alice, by which 760 persous logh thelr lives, mauy London cergywen vreached upon that terriblo disuster, gud used 1t to emubasize certaln views which they Lield of itfe sud deatu. A4 wight be exvected, these discourses are all strougely tinged with the theo- loggical ooinfons of thelr gutbors; and Gov's purposgs, vredeqtivating witl, sud forcknowl- edze bold o cuspleuous place fu sl of Mo 1 charged with having nmnased n large fortuno by dishonest Just at this moment what is the proposition made, and reject coin values, and rojoct all paper of rocovering Lis Loalth and strongth, shall vol- them. One Doctor of Divinity nlqrn; that fn the Divive economy thers 18 nu aoy thing as an sccident; thar evervihing was for. i ordained from the boginming; wud that, 1f oy Aparrow cannot fall to the ground without the Futher's notlee.” a steanboat eannot go to the battom with all its load of immortal souls wity. out His knowledge and consent. The sermoy of the great 8ruRaRON Was one of the sy remarkable that was drawn out by the diry casualty, aml that, Hke the rest, ta atrongy tinctured with tha Calvintstic thearies of i nuthor, A few gentences whl serve ns a samute of its doctrinal tendency: *This calamity way vermitted aod controlled by the overruling hsnd of Gob." *The calamity was sent with o particnlr purpose.” * 1t s difflcult to undir. stand why (ioD pormits evil, seclog that 1lc 44 alwnys master of the situation: hut it fs quite certaln that shere Is much moral evil and greay phyeleal evit which Uop permiia, and wihich couid, If He lked, stop." He mizht bnve in. terfered to avert this disaster; *“*but it was i)y plan that things should be ns they are, and thiy plan was carried out under tho shudow of 1lhe Fall.”"_ ¥ Thoy had to dic some day, and (hey might as well die one way as another.” o f¢ Gon were to Interpose to prevent such calymj. tles, that of Itself would Involve many evils,” e e —— The 8an Francléco papers nre lamenting the death of Goen, Dawip D, CoLTON, one of thy most nromincot cltizens of Califurnts, which end event took place on Tuesday of laat week, e biaa been a conspieuous actor n the politleal and business alalrs of Callforula fur the lagt twenty-five years, and st the thae of Lis deaty was ong of the wealthiesc men fa the 8tate, o acted a8 one.of the seconds m the famous Terry-Brovenick duel, and always took ay activa part in all the exelting questions that y. terested the peopie of the Paclfic Blope. fle way oneof the lnrge atockholders aud Vice-President of tha Southern Paclfie Rallroad Combany, to which he was ©of great advantage on account of his political fnfluence, -legl ability, husiness capacity, and personal credit, ‘The cobatruction und wanazement of the road to the Colorudo had oceupied him for years, and ho was just preparing to superintend the extension of the road through Arizona when death overtook lifm. [T had the encray, ine dustry, awbitlon, and means to have done o great amouot of work valuable to the pulic Al tis 1ifo had been apared o fow vears longer, His residence was vne of the most costly and elegant fn tho New World, (ien, CoLtox has done his best to make 1t the howe of comtory and elegance, The urchitectural plans aud des orattons, the frescocs and furniture, were de- signed and executed with skill and toste. The Jibrary contained tauy of the lest works n Eoglish lterature; his gallery had many pafut. fngs by distinguished artists. Hia liberal hos- pitality was on » par with Wls wealth, and, in a sucinl point of view, his Juss cannot be repaired, e A Cumberlana paper gives the detoils of the fastest run ever inwle on the Balthnore & Olio Rwilroad, which It declares the *fastest ever made In the United Stutes” The run was wade from Baltimore to Cincinnati for the purpose of carrylug Jony Kina, Jr, the Viee- President of tho road, to the meeting in the Intter city at which the affairs of the Ollo & Misstsalppt Road wers discussed. The traly, which conslsted of three heavy coaches, left Baltimore at 12:07 p. ., ‘and urrived at Par. fiersburg at 11:29, having made tife distance— 807 miles—in 11 hours and 23 minutes. The time lost in stoopages wae 44 minutes, leaving the actual running timo 10 hours and 88 min- utes, which shows the averagu rate of speed o Lnve been 33 miles an hour. The 40 mlles ba- tween DBaltimors and Washington was made in 43 minutes. The Cumberland editor must come West and grow up with the country where he will see thne made on rallroads that is worth “putting fn the papers.” Thirty-elehit mijes an hour Is nothing. Ou several oceastous tralus on the Northwestern Ruad, betweon this elty and Junesvillo and between Cnleago and Milwaukee, have made a mile a mlaute. But (or a consery- ative old road ke the Balthmore & Oblo, the .above run was very good—very good, Indeed, ————— ‘The New Yorl Hera’d says that Sceretary SurRnMAN'S recent visit to that city was emi- nently satlafactory, e kyeps asteady and vigt lant eye on every movement' calculatesd to ub- struct his steady progress toward specio pay- ments; and when, vear the cluso of Inat week, the premium on gold, which had been so very slight for several months, began to advance, he weit at onca to New York to consuit with tne most experlenced floanclers us tothe best mettiods of arresting that movemeut. e had on hand, Oct. 1, $233,059,041 of coln with which he could check qiid foll the mantpulators, There fs & large amount of called bouds, amounting to about fifty miltions, which bo offers to pavat ones with Interest up to the day of prescita- tlon. 'This’ will put a sufliclent supply of guld in the market to Rrree ulatiom e —— e Admiral Davip D, Pontes, tho highest offi- cer in the United States Navy, is in trouble by the commencement of w sult {n Wushinzton. The complainant 15 Hzxuy 8, Weraone, who during the Wur was an ugder-officer in the Ad- miral’s flect, ond amony his other worldly pos- scasfons wad o handsoma wife, to whom the Adunliral showed muarkeid attoutlons. WerTMoits finally obtained a divorce, and he now sucs the Adiniral for money pald his wife aud deducted frum bis sulary. Admiral Pouran has pat fo no answer to the civil sult as yet, as comylain- ant's wotion was only fled ou Taesday, Wir- MouE {8 8 man uf hiznly respectable fumily, aud the cuss will not fall to attract umiversal atten- tlon, Admiral Pouran is 65 years old, and bus begn lo the uavy sluco 1620, ' —— The Memphls dppeal thinks that Dax Voor- nees fs the stronzest man to-day in the Denie- crutie party, That way be, as VAN is a rapres sentative Democrst, who endearwd himsclf to 1he Bouth by declaring that his sympathies were on tost side during tho Iate unoicasautnti but it is mean fn the ‘Tall Sycamore If b now turns up a8 n candidato for the Prusldency, after all the hard work and extansive struddilng thad ‘Toat {IEuDAICKS has dous for him. Tostand Dax huve been plaging It on the ussuspuecting tloosters In & Damon and Lyth as sort of Wav for a long time, and the tall fullow of the Wi bash ouzht to play fair, aud ot stand In Tod's way. e — s = The Albany Law Jouraal says thero are ujon e Bupreme Court calondag Ju Now York City upward of B30 caves, aud the calendary of olles courts of orizinat jurisdiction uro atso crowded; to suy nuthing of the gencral and specal terms and 2 mass of business before probate aml vtbst courts whose judgment §s taken by default, Al this would secin Lo ludicate that there s plenty of busiucss for the Jawyers, aud that they 4o 8 thriviog cluss. " SraNLEy, the Africon explorer, §s not much more of a bero in Parts thau Kapu, the youn® wan who was formerly & pagu of the Atrkau Emperor M'resa. The boy ls blacker than tie soe of spades fn a deep veilur on urainy mid- ulght, but fs very intelligeus ami warmly st tachied Lo STANLEY, with whuw he will couverad for hours in tho wusical Uganda laugusse. e eemt— BAMUNL J. TiLDEX and Manton Mawruid boti know that & pereon may tell the trath ant ke It answer all the purposes of a tie. Bus the cuuverse of the projosition won'e wurk. Tuey cun't tull lles und wake it snswer for (e truth. et p—— - Thers 6 8 prospect that the Republicans and Auti-Tummavy men lu New York City maf unite on city, county, Caugress, sud Au{vyvil tickats, sud lu that cass wild bust the Fawe wavy itlog out of aight. - e = - = Judge Biumoss, of Bt Louls, decites that fuot pussengers bave the right to street cruad ings. Good for old per-Stusoss, How would this ticket do for 1330: For Preadent=¥. 3, TiLoes, Bdor Vice i 6gidaid—hatsvuchivut agd Hefvids -