Chicago Daily Tribune Newspaper, November 18, 1878, Page 4

¥ ok TIII CIIICAGO TRIBUNE: MONDAY., NOVENBER (8, 1878, e Tribume. TERMS OF SURSCRIPTION, Zou WEE onn eony, per year. Cintof fonr... Eredimen coples sent tree. Giive Port-Otlice address {n full, {ncisdiog State and County. Ticmittances may be made elther by draft, express, Toat-utico order, o {n registerrd letter, At our Fivk. TERMS TO CITY SURSCRIDRAS, Tially, clitered. Funday excepted, 23 cents per wreX. Datly, dellvered. Sunday ncinded, 10 cents per week. Acres ‘THE TRI ST, Corner Madison sod Dearborn: 7. 11 Orders for the delivery of Tux TRIKUKE at Evanston, Englewood, and Tiyde Park ieft 1o the countiog-room willreceive promptatiention. . S——————— TRIBUNE BRANCIT OFFICES, TnE Cuicaao Teincxx has estabifshed hranch officas for the reccipt of substripiions and advertisements us tollows: AW YORR~Room 29 Tyibune Bulldiog. F.T.Ma- Faborx, Manager. PAlLE, Frauce—No, 18 Ride de 18 Grange-Dataliere. nt. .—American Exchange, 449 Strand. AMUSEMENTS, MeVicker's Theatr ton street. hetween Dearborn g ment of the Strakosch Itallas v, Carmen. Daverly’s Theafre, Dearborn street, curncrof Monroc. Kugagement of Nick loberts' Pantowlme Troupe, *Humpts: Dunipty.* 1lsetey’s Thontre. Tandolph etrect, between Clark and Llfllml,‘ Eoe gagement of Kllza Weathersby's Froliques. **Hobd- blex” Academy of susie, Fnlsted strest, between Miadlson and Monroe, Va- riesy, nuvelty, and apecialty gerfurnsuces. Hamtio's ‘Theatre, Clark sirret. oppositatlie Cuuri-liouss. Kngsgement ot Wagaur & Cotton's Slinezrels. Metropolitan Thestre, Clark sereet, opporite Sheeman Mouse, tertalument. Varlety ca- ¥olly Theatre, Despinines atrect, berween Washington and Madleon, Eegagement of the Feimalo 31 so¢! APOLLO COMMARDI 1 K. Conclave fo nurrow (¥ ning, st X, fur Lusiness. Visitors al me, )y order of he Co d XLUT, Ttecorder. MONDAY, NOVEMBER 18, 1878, In New York, on Saturdsy, greenbncks continued steady at 991 conty on the dollar. ception of tho proper Southern policy for the President to pursus ' that will be gener- ally commended nmong Republicans, His tden is that '‘it Is the duty of the Presidont to punish Democrats in the South if found guilty of fraud at the polls,” nnd that, it being the sworn duty of the Presidont to executo the laws, 3¢ ho don't do it, he's not fit for the place, whether it's a moonshiner, a bulldozer, or anybody clse.” Therc is no question of a Southern policy involved; it ia a national | polioy that is wanted, which will enforce tho laws and punish fraud and ontrage, 1n our Monday collsction of religions mattor will be found anotherof the scries of intorest- ing lectures ot Farwell Hall by the Rov. J. Muxnzno Grosox, of the Second Presbyterian Chureh, on the Book of Geuesis; a sermon by Prof. Swivo, having forita themn *The Crosa”; a sormon by the Rav. W. . McKay, of England, at the Sccond Presbyterinn Clurch, analyzing the Twenty-third Paalin; and a discourse by the Rev. N, F. Ravuiw, of the Free Moptist Church, on * The Policy of Running Temperance Reform into Politics,” in which e deprecated tho plan of prohibitory legislation and compulsory tem- porancy reform. A New York dispatch gives an abstract of another sensational sermon by tho Rev, DeWirr Taraace, descriptive of o night ride in the Esstern wsctropolis, The lecture recently delivered by BMr. Georas N, Jacksox before the Philosopbical Baciety, devoted to o consideration of silver in its relation to the mouetary systems of the world, and which is printed in onr col- umns this morning, is deserving of the widest circulntion and careful pernsal, The lecturer in this instance has sbly sueceoded in massingiogether an array of facts, figures, sud argumerts in which are {ncluded the answers to all the chief objectiona ralsed by tho ndvocates of tho single gold standard ngainst bi-metallina, Besides brivglng to view many new aspects of tho question, Mr, Jacxsox bas rendered the old points more perspicuous and easier of comprehension by the plain and practical manuer of their pro- sentment, and bas 1n this lo:ture made a val- nablo coutribution to the literaturo of the silver question. 1t acems to be tho determninstion of the Porrer Committee to present the cnse of Smasiex Marruxws o the House, with a vivw to having him cited for contempt in re- Lusivg to appear and testify before that Com- mittee. Mr, MaTrnrws sow fit (o avail him. self of his supposcd Benatorinl privilege of disregarding ti:e House Committee subpwna, thus raising o question of jurisdic. tion g between tho two bodics that Loy mpever yot been seitled. It wasy tho geuernl opiniou of bis frieuds that he would have doung better to have gone before {ho Comwitice and given his toutis wmony, but sines ho has chosen to make up the fssuo it might as well be settled whother & motaber of cither Houso is antitled to ex- emption froni appearing 28 s witness when not actually engaged iu the discharge of Lis duties as Benator or Representative. prevtaiaios sbiadidsmiod Anothor inetallment of correspondence on tho subject of the Halifax award is given in the Washington dlspatches, being the reply of Lord 8arissUsy to tho note of Hecrotary Evarmy taking oxception to the award both on the ground of ity excessivencss and of the fact that it was not Jdecided upon by the entire Commission. The Drit- ish Foreign Minister evidenlly desigoa that no further *discussion bo had, since he maintaing with incliive directness that the Dnited States lg debarred from excopting from the Suding of an arbitration by which it was bound (o sbide, und that this foature of the case is not opon to argument, As to the question whether tho vote of the majority was sufficient to comply with the termsof the treaty, he fails to fiud suy precodents or suthorities to sus. tuin the Awmerican objection on that score. ——— For the tLird time within the past aix woutha the hand of tho sssassin hus becn di- ructed ayainat the Lfo of arciguing soversign w Furope, narruwly escapiug the accom. vlishmont of the Lloody designin the first instauce, wholly failing in tho second, and i the third sgain nearly succmsful, King -scenes of Ku.Klnxism attending reconstruc. Hoxoear of Italy is the Jast monatch to be made to feel the insecurity of royaity. Ilo hisd entered Naples in state with the Queen, Leing met by o large concourso of peo- plo, when the approach of a delega- tion of trades.unfons to offer a pe. titlon was made the occasion of an attempt to atab the King with a poniard in the hands of a workman nomed Grovanst Passavsre. The deadly degger slightly wounded the King, but was turned aside by Signor Oassovt, the Premier, who was wounded in the thigh., Tle assassin was at once arrested, and confessed hia fntention to commit the act of regicide. Ho denfed be. ing A membat of suy body of Hoeinlists, but it will probably he fonnd that the spread of the detestabla doctrines of that orgaaization wan the inciting cause of the murderous at. tempt, of fraudnlent Congrossmen into its conneils? Thoy ropresent violence and anarchy, They represent armed bandits in solid column foreing citizons awAy from tho ballot-boxes, They represent snoaking rnflians in the act of placing handfuls of fraudulent ballots in the receptacles for honest votes. They rep- resent nssassins, ‘They appear in Congress with the stain of every known species of election frand npon their garmeats. Thecer- tificatea thoy present ave tha prics of blood,— (ha blood of citizens shot dead in the act of offering to deposit honest ballota. Their presence in the halls of Congress is a Imrn- ing shame and disgrace to the nation, Their nssociation conlaminates honest Reprosouta. tivea ; their votes nullify the votes of honest men representing honest constituencies. They have no more right to take part in the legislation of Congress than a band of sol- diers who should invade its chambers and expel mombors at the point of the bayonet. “ But what will you do about it ?” inquires a Northern dougliface Democrat. ** Wo have secured a solid Southern representation in Congress by fraud, aud we propose to hold it by fraad,” Thonlet the Republican party in Congress hold theso ropresentatives of frand, ballot-box stufling, and assassination constantly up to view ns objects for the corn and contempt of all mankiud! Let protests bo prepared and solemuly presonted Temonetization act might have helped to ita recovery, but unfartanately it did not place silver upon nn equality with gold. It dis- criminnted againat the very thing it proposed to establish in tho coinnge. It denied it the right of freo coinage, nnd refused to it the irsu8 of bullion cortificates, both which privileges remained to gold. In thess re. apects tha mono.metallists gained a fatal ad- vabtage. It is on this advantage that the gold ring baso their hopes of success in the bold undertaking npon which they have en. tored. They aro, most of them, intimately associsted with tha Government in their enpacity of National Banks, but they proposs to ignore an imporfant festure of the National finance system. Thoy aro relieved from tho strnin of resump. tion, minca the Governmenl's redemption of greenbacks operates practically as the re- demiption of their clrculating notes, and they ought to be grateful for the csemption. Iint, knowing that the valne and importance of money is incroased in ‘tho ratio of its searcity, and belioving that they have an ad. vantago vver the Governmont, they proposs by the flat of their aggregated power to com. pol legislntion in their sole interest,—that ia to say, compbl the demonelization of silver. ‘The first act of demonetization was pnssed by deception ; the second is to bo forced throngh undor the thront of an entire sovorance of out subsidy, ‘and from private capital alone. comploted in less than two years. private capital. grant of land, like the Northorn DPacifie, Company has a grant only throngh Kansas, ——— Revorts are beginuing to come in from United Htaten Supervisors of Election who wero on duty st various voling-places in South Carolina, recounting the enormous fraude porpetrated through the use of the tissue tickets by Domocratic voters and elec. tion officers. These ngents of the Fedoral Gorvernment, acting fn sccordance with tho laws of the United States, were powerless to prevent the successful copnsummation of tho preconcorted plan of camying the surrendor its capital without subsidy, bond sub:idy, and are asking none. without bond subsidy ? without subsidy, and esking none. Congressional eloctions Ly fraud the | as often as they offer to pollute | the banking interest from that of the Na- | should the Government interfera to pay the most barefaced and . stroclous; thoy | thelegisintion of the American Congress by | tional 'Tronsary, Heretofore, whon the | other a subsidy of $25,000 tor 10,000 per were forcibly prohiblled from por- | their perjured votes. Lot protests be offered | Lanking interest has *‘locked horns™ with | mile? Tho rond ean ba constructed for less forming their duties on the day of election, but they cannot be prevented from mnaking their reports of what they saw and Lnow. The President Las been considerably stirred up by the facts offlcially brought to hLis notice, and it i said that the United States Distriet-Attorneys in South Carolina and Louisiana have been directed to cause the arrest of ull porsons against whom thero 18 evidence of complicity in frauds and out- rages. 'The same crimes committed in Chi. eago or Cineinuatl would be promptly and weverely punished; now let the law do its work with equul vigor and impartiality in the South. and foreed upon the record at every roll-call, that the American people may bo reminded every day how hideous o thing {a Democracy ns illustrated by the so-called Democratic party in Congress. It there is no immedinte legal remedy for the monstrous crimo we aro discussing, there is ot Jeast the moral remedy wo propose. That the great majority of Northorn dongh- face Democrats will stand this constant fire of crushing oblogny, we have littls doubt. But, if they caunot be shamed, their constit- uencies can bo disgusted, If tho wwelve or fifteen Southern Represontatives of the shot- gun districts cannot be foreed out of their sonts, thoir Northern Democratic allics enn, ot tho end of their terms, be driven from public life, Those who believe that the people of the whole United States will tamely eubmit to be disfrancbised in Con- gress by the votes of n dozen Represonta- tives of mnothing but frauds and crimes against the sacred right of suffrago mistake their temper, or we mistake it. Suchan outrage must not go down in histopy una. venged. It must not bo ratified by seeming acquioscence, It must ba resisted, repolled with scorn, and opposed by invoking upon the bieads of its perpetrators publie reproba. tion. This ean anly be done by keepiug 1ts enormity constantly in view ; and this ugain can only be nccomplished by protesting, on the robord, ngninst the participation, in any and every nct of proposed logislation, of the ropresentatives of n hideous crimo ngainst Iree and equal suffrago. the people, it has generally got tho worst of it. ‘The proposition of the gold riog is andacions. It can bo met only by putting nilver on an exact equality with gold. It is only by this step that the question can ho settled, IIns silver been declining, or gold advanciug? omitted. ——— THE B(LVER OPTION, A New York dispatch to o Western journal which lesns favorably to the schems of tho FEnastern gold clique gives an outhno of tho process whereby it ia expected fo crowd silver out of the American monetary system. The Now York banks think that their re- fusol to accept the silver dollar ma com- mercial deposits will prevent the silver com. ing info circulation. 'They are of opiuion that nobody will take smlver from the United States Treasury—so snys the organ—bocauso it will 1epresent as much to the person tak- ing it as gold, and will not be available ns » commercinl agent while the banka refuse to doal in it. As o consequence, they con- tinue, millions of silver may accumulate inthe United States Treasury, but will not get inta circulation, will not be used to trausact Lusiness, and will not pay debts. The law now provides that the surplus rov- enuo of tho Government shall be used for the purchase of silver, and this is about equal to the amount of silver colnage réquired by the Romonetization not ; 8o the Government will go on piling up sil- ver in.the Trensury vsults without any further use or purpose 1l the people shall become disgusted with so aimless a_ proceed- ing and demand a new demonetization of silvor. That is the programme. It is hardly concelvablo thnt any set of mon making protenso to the title of flnan. clors should mislend themselves, or ondeavor to mislesd the public, by such palpable sophistry 06 all this 1. Tho programme ig- others? 416 por mile, BHOT-GUN DISTRICTS, Thero scoms to be no end to the catalogue of evils growing out of the Bouthern situa- tion. The list ingroascs from year to year; for tho old onos all remnin and new ones ap- pear, The lastto show itself is not less grava than the worst that has preceded it. Indeed, it is fraught with more danger to tho oxistenco of our freo jostitutiona than the pnssionnte, Dbloody oulbreaks immediately succeeding the close of the Whar, the terrible of $30,000 per mile, tioy, and the semi-barbarisms of tho red. shirt cluba combined. Wo alludo to the frandulent elections of Congressmen in the shot-gun districts of the Bouth. Alore or loss fraad is inscparablo from the system uf clections by ballot. Theroare bad men in wvery political community, sud "greed and nmbitlon will mako uge of them to corrupt olections so long as humanily continues fallf- ble nnd frail. Every Congress from first to Inat of the series of Congresses has witness. ed contests for scats, backed by allogations of fraud, But theso disputes have arisen in districts widely separated from ench other, and generally in cases of o very close vote, Not in tho entire period of our history nsa nation has there been, until now, any indlea. out of ita past oxtravagant operations. HAS BILVEE DECLINED OR GOLD AD- VANCED } England, by Iaw, a number of years ago, establishod gold as tho exclusive money of the roalm. Germany Intor did tho samo. Theso acts changed the relations between gold and silver. They mada silver the slave of gold (sluce money commonds ail com- nores the fundamental nnd essential feature { tho cash indobtodness of the Pacific Road tion -of n concerled .purposo un the | modities) by reducing ¢ to the condition of | of the doublo standard which Congross re. n,: Z}nvnmmuni n,n:‘.mg:hm x‘,, WG,&‘)?M;,‘: port of a political’ parly to scizo | y commodity, as wheat or corn. Thercafter, | stored when it remonetized the silver dollar. | 000, with prospect of reaching $125,000,« posscssion of 8 branch of tho Gov- [ gilyer, by a law of (rade, spprecintd or | The peculiarity of this monatary systom is | 000, secnred by a second mortgage. Nation- ernment by a deliborate system of | gopreciated with other commodities. ‘That Is | that it gives the deblor or the payer the op. % frauds unpon the ballot-boxr. But the ossombling of the next Congress—that chosen on the Gth fnst.—will present an illustration of preciscly tius startling spoc. tacle, With tho groat body of members ropresonting constituencies that have actual- ly chosen them by an honest majority or plurality vote, will meot twelve to fifteon men clalming seats in behalf of conatituen- cies that have cither voted against them, actually defeating them by an honest mafor- ity or plurality vote, or have Leen forcibly kept away from the polls, thus cuabling a ninority to override the wishes of the wajority, And these twelve to Aftcon men, if admitted to seats, will lold the balance of power in the National Houso of Repre- sentatives! As thoy will hold cortificates of clection and be admitted to eeats by the present Democratic Clerk of the House, thoy will vote upon the organization, and this first act of men bLaving the color, but no substance, of right to participate in the doliberations of Cougress, will constituto au absolate selzure by fraud of n branch of the Government of the United Btates! For, in the absenco of theso men and the prosence in their places of thelr opponents rightfully chosen, the organization would be in the bands of tho Republican party, or at loust in tho hands of the opponenti of the Demo- cratic purty. It is by this bold usurpation that the Democratio party will secure power to rotain the shot-gun, ballot-box stuffing Represontatives in their peats. Thus twelve to fifteen coutestants will donbtloss show by itrefutable evidence that the sitting members do not roprosent the legal votors of their districts ; that, in fact, they ropresent a mass of fiaud mod erime, terrorism, ballot-box stufing, aud assassination, Bul it is too much to hope tlat the Democratic party will b influenved by this evidence to do justice, ‘Ihe resord of its nefarious conduct in this regard durlog the laat Congress is too fresh, ‘The caso of Beryorn's expulsion was so {Iagrant an act of injustice ax {o warrant tho conclusion that the Democratic party will hold power s it acquired it, by the grossest outrages upon the righta of the real represont- atives of the peaple. Au wo have already remarked, the situa. tlon with relation to thess fraudulont Con- grossmen s unexampled, Hitherto contests have occurred only in close distriots, widely &cparated, aud in such n manner as to pre. clude the theory of sy concerted political or partisan purposs. Hero, however, thoy occur in one section,~the Bouth,—Missise sippl, Louisians, North Carolina, South Carolis, snd. Georgia. The case shows another singular featura: The men who bave benefited by the frauds are ali mdical Democrats, In two or fhreo to sy, n gold sovereign, by renson of tha-fact of (e money quality given it by law, Lecame exchinngoable for a greater quantity of silver, owing to tha fact of an oversupply, or A general dopression of industries, or a strin- goncy In the money market ; aud for a loss quantity in case of a short supply, or of gen- oral prosperity, or of au cnsy money market, It has become the custom of the world, under theso circumstances, to say, Silvor has advauced or hss fallon (as the case may be) in valne, Thus the London Y'¥mes, discus- sing the subject of the late declino in sflver, Bays : Huch a stato Of our money markot tends to check remuttances abrond, sad consequeitly to re-Y duce tho demand for siiver, which is one with, sod means the samu thing ss 'éaying that, o4 a strin- gent money market lends to make all commoaditics falt in price, and sllverin this country isonly)s c mmodity, ticrefors, If monoy I drar, sliver is 1ikely to be less in demand than 1t would otherwlso be. Woshouid asvign then, as the main causes in the fall of silver, the dull state of the Indian trade and the stringency of our twn money market, Evor since the im(tation of thuir silver coinage by the countrics of tha Latin Conventiun, stlver has been o commodity lke others, and the cireutme stances aro now ruch that the commodity s llkely t0 bo lower in price than it will be at other times, Of course, the writer of the article fron which we have made tho above excerpt un- dorstands that the term * fallen in valuo” iy a purely couventional expression, meaning that the relative values of gold aud asilver have changed. Ho kuows that it would be just s proper to sy that gold has risen In valuo as that silver has fullén in value, but ho adopts the nomenclature of the market reports. There aro, Lowover, thonsands of educated persons who will insit upon the fact, and arguo to prove the assortion of it, that gold is an invariable standard of raltte, And this sgainst the authority of the best political economista of the timo, ,Value, be- ing tho ratio of exchangeability, 18 necessarily variable, Mactrop sayss Tence wocan at once see that, by the very na. tuze of thinge, thery can be no such thing as an to- variable staudard of vajue by which to measura tho varlutians i value of owher things, Lecause, by lhe very unture of ihlazs, the very cundition uf any- thing being Invariable in value ‘|s thut nothing else wuall vary u value, aud corsequently the very candition of there bownu au Invariwule siaudard le, that thero shall be no variations w wedsure, 1t being demonstrated that thero is no such thing as an invarifble stoudard of value, it follows that the presont difference Letween the market values of gold and silver mny have arisen through the rise of the former justead of the decline of the latter, or turough the rise of tho one and the fall of the other. ‘T'his bofug tho cesy, the charge agunst silver, to the offect that it is less fit for use as money than gold because of its greator varlubility in value, falls {o the ground, It falls to tho ground because the question whether the range in fluctuation in valuo of gold or silver is greatest wants tho sanction of a practical test. It is a fact that, in 1873, when tho Cougress of the tion to tonder cither coin, The United States Governmont, an a debtor or as tho disbursor of money in poymént of expouscs, onjoys this option just as much as any private indi. vidual. It is absurd to maintain that a rofusal on the part of certain banks to mccept silver dollars as commer- cial doposits can probibit or provent the Governmont from paying out those sil- ver dollars. In order to secnro tho accumu. Iation of silver in the Government vaults und to provent its circulation, the conniv- ance of the Becrotary of the Treasury would be necessary, and sbundant assurauces come from Wnshington to the ecffect that Sec. retary Snemiay, so far from spproving the action of the Now York banks with regard to silver, deprecatos it as an attemnpt to pullify the law and as unwise in its commercial bearings. Moreover, even tho counlvance of a Becretary of thie Treasury, it it could be procnred, would boimpotent, for Congrass wonld soon call such an ofticer to acconnt, bring him to terms, or mpeuch him for con- apiracy against the lawa of the country, Sooretary Surmian, howover, understands and appreciates the sorvieo which silver will ronder him in the work of resumption, and the antagonism of the New York bavks will not doter lum from availing himself of this service. He will probably use tlo lim- ited amount of silver dollars at his command in such manncr ns to assure the circulation side by side of gold, silver, aud the Govern- went and bank notes, Auy obstinate dispo. sition on the part of the banks to defeat this clief advantage of resumption will be mot by tho people, who will demand a rectification of the bank rules, and by Cougress, which can toach tho banks anothier view of the sil. vor question by making them redecm their -awn notes in coin, aud thus compelling them to practically share in thoe work of resumpe tion, oasli, bonds, or national credl RORTHERN PACIFIC RAILROAD, Tho Texas Pucific lobby, in its recent gath. ering in this city, in its resolution to ask nid with the Texas,—~na gratuitous performance, ance to nsk for any such action. tally unlike. The Texas Pacifio has n vast land.grant, time, aud not a dollar of money or bouds, Dismissing tho Texas Pacific, lot ns ox- amine the position of the Northorn Pacifle, Dauluth, on Lake Buperior, and 8t. Paul, on the Mississippi, aud Bismarck, on the Mis. sourl, in the heart of Dakota, and 105 miles botween tho Columbia River and Puget HBound. Upto 1873 the Uompany was not in fault, but the failure of Jax Cooxk forced it 1uto bankruptoy. It hind jasued $29,119,000 in bonda; it had a floating debt of about $2,000,000. In the foreclosure, mnde in 1876, the coupons wera capltalized, up to tho present time, in preforred stock; the bonds wero changed Into stock, and coupons nnd bonds alike wmade exchangeable for land. During the preseut year sbout one million acrey, at an average value of $4.30 per acre, have beon faken by the holders of the stock, From the outset the Company has dealt fairly and squarely with its oreditors and stockholders, aud sinca the foreclosura the road haw beon managed with such economy, and the development of buslness has beon so ropid, that tho net earnings last year amounted to $5662,000, and the Company, not owing a dollar, bas yesolved to go on with the coustruction, sud has advortised for propoaals for the building of tho aection between tho Misiourd and the Yellowstone next year, A At tho last sosalon of Qongress the Com. pany asked simply for au extonslon of time 1o complote the construction, aud two bills wore reported,—oue in the Scnate aud ono in the House, The I{ouse Cowmmittce thus voported Thirteen years ago a grant of lang was mado by Congrens for the construction of tne rosd, It route Hos tor mueh of the way throush a fertilo country, rich Im all tho poysfcal charucteristics neceatary for tiie auppors uf 4 Vot and prodperauy population, * Its grades are onsler than on most ronds of the Eastofn biates, settlers have precedéd it 40 falth of Ita_coustruction, and prosperous Tee sitoriee ant -lun? Vs Fante arw unly waiting for the additional population whith its completion woald soecdily brlug to claim touls places awong (ke ‘THE TEXAS PACIFI0 SUBSIDY. We print o letter from Alr. Boxn, Vice- Presidant of the Texas Pacifio Kailropd Com- pany, in roply to some commentsin this paper on the proposed subsidy to that romd, Wo have already corroctcd the error tlat tho Governmout was to have a second mort- gago only. The clalm of the road for a subsidy has undergone various changes, and we may be excused if wo fail to koep paco with the various altorations in the plan, ‘Thus, the bill reported and urged iu 1877 granted a subsidy on over 2,000 miles of vond, of which a large portion was for Lrauches or ** eastern connections,” soms of them rosds already built aud owned by banksupt corporations, anxious to sell out for Government subsidy., The bill of 1878 appareutly dropped thesa Lrauclies or onst- fustances the contestants are Independent | United States unwittingly demonetized «il. | ora councotions, and confined the subsidy | B3I A e Tt riats, of Ahege Deocrats. Against theso the machinery of | var, banishiog it from the coinsge, it was | to the distance Letwaon Fort Worth, Tex., | Tertorin, aul of he Wares plonecrs who fraud way put in motio, aud pushed with | worth a trifle moro than gold. This waa the | aud Bau Diego, Cil. That eubsidy once | B3 Co s io compiot Tite soad, g R &4 wuch vigor a4 against Radical Republic. ang in otber districts, This fact abows the purpose of {he party of frauds to be the excluston from participation in political af. fuire of all who do not espouse their radical and proscriptive theorivs, They ave op- posed to recouciliation botween the North and the Bouth, They are opposed to sny ponce that does not involve the subjugation of tho colored race. They are opposed to that harmony for which the Admiuistration of President Ilaxzs and the people of the North have beon striving, becauss there can’ Lo no larmony without equality,—absolute equality of political rights and privileges. I3 there no remedy for the torrible evil that thresteus the country iu this eruption given for & middle section of the road will render the subecquent subsidy of the other parts of the rund a watter of ewsy and uatural secomplishmont. Thg Yucis are fow, plalo, and direct: t.The Texas Pucifio Company wants & subsidy, in the form of Government-boud credit, for building a road through Texus aud the Territories to Fort Yuma, where it will counect with the Southorn Pacific Roadl, alrcady built, sud extending 700 miles to Ban Franchico, 2. The Southern Pucific Hailwey has boen completed 700 wiles, from San Frouclico to Fort Yuma, without Faderal subsidy sud by privato capital, and it bffers to build tho road over tho line of the Texas Pucitic with- third blow recelved by silver Irom a great uation,—Euglaud, Gormany, sud the United Btates. 'Three of the most considerable Powers, as well as the moat important com- mercial nations of the world, said: Bilver is dograded fromy ity mouey fuuntion to the condition of an ordiuary com. modity, And the act of the United, Btates happened at the beginuiug of a pepiod of unusual industrial depression and. great commercisl disaster extending throughout tho civilized world, which las continucd without interruption to tho‘Presout time, ‘The whole range of commodities have, with relation to gold,—the money of the world,— suffered a steady decline. Ib was inovitablo that silver should share ju this declive. The i aita 18 pleducd: that the Jauds origlually” grunted for if uro heid for the buneds of Those settirs: andihat, evenif, siricti shnd Joria, advantue wight Yo tken of 1ho falh {0 meet tho Fequirements o tha cusrter in polnt of tiwe. still, 2ood pulicy, if not good faith, re- quires the walver of that advastage sod o sessun- -| sble wstonsion of tinie 10 sccura tho sccomplish- ment of thls great national wurs, “T'he bill accompnoyivg this favorablo re. port bad a rider putuponit. The Cowpany, Ly a chaugo of location, pruposed ta surra- der 0,000,000 acres of land, whereupon the peaplo- of Oregon, in the interest of the Uuion aud Central Pacifio Roads, asked that those lands wight be grauted to a road run- niug through the Columbia Valley to Ogden, "I'he Northern Pacifio naturally objscted to soy such arrapgement, Thy Scust bill was wado evpecially ob- 8. The Atchison, Topekn & Banta Fa Rail- rond Company is buildlhig its rond from Knnsas Oity to Fort Yumn without subsidy, and from pritato capital alone, and will bo 4. The Norihern Pacifie Company ia bnild. ing its rond from Lake Buperior (completed to Bismnrck, Dakota) to the Facific with. out snbsidy, asking for no subsidy, and with The 'Coxas Paciflc Compnny has a liberal while the Atchison, Topekn & Santa Fo Why then should the Federal (tovernment snbaidize’ with bonds tho Texas Pacifie, and not subsidize the other roads equally? All Scorr's Company has to do to secure the construction of the Texas Pacific Road s to grant-of-way, ete.,, to tha Bouthern Company, or to some other capi- talists, and it will be finished by private ‘Why then shonld thers bo any Federal.bond subsidy at all? The Northern Pacific and the Atchison, To- pekn & Banta Fe Ronds ore building without Why cannot the Texas Pacific Rond be built Throe ronds are under way; two aro pushing on rapidly, Why than §15,000 per mile for cash, if stonling is The Mcl.\_h.nn, Topeka & Kansna Company are building thelr road and laying it with stecl rails at a cost of 312,000 a mile, except throngh the mountains, where the cost mny reach $15,000 permile, Whyshould the Gov- ernment grant any subsidy to cither road, and why shonld it grant s subsidy of 825,000 to $40,000 a tmile to onerond and not to the ‘Whon this Texas Pacific 1toad was pro- jacted the contract was let to a Construction Company, at, according to Mr. Boxp, of 336,~ Of course private capital will not buy bonds and submit to be robbed in that way ; go, whilo the other two ronds cun find all tho private capital nceded to build theom at from $12,000 to 215,000 a mile, the Toxas Pacifio must Lave the Goverument to give it gnaranteed bonds at the average rate Tho present Toxns Pacifie Company is bankrupt, aud the Construction Company is in the same condition. They aro both heavily in debt, nnd p subsidy of 230,000 per mile is needed not ouly to build the road, but to extricate tho speculativa Coustruction Com- pany ‘from its bankrupt condition, growing Apart from all other cousiderations, what right has the Government to indorse the paper of any corporation, private or public? ‘When threa or hulf a dozen men are engaged in tho same business, why should the Gov- ernment fndorse the paper of one of tho compotitors, and givo him an advantago over the othorw ? Why do this to the oxtent of guaranteeing the payment of intorost for fifty yoars on forty to fifty millions of dollars? Is not the oxperionca of the past in this bond- subaidy. business sufficiontly oxpensive to tench the natlon tho oriminal folly of extend- ing-that lino of financial operation? Alroady al snfoty demands an sbeoluto and total protibition of sny more subsidics, either in from Congress, coupled the Northern Pacifio for the Northorn Pacific put in no appenr- The lobby ovidently thought that, if thoy coated over thofr pill with something that really had sweetness, tho public and Congress would mwallow it. But the Lwo enterpriscs aro fo- and now it asks for monoy ; while the North- orn Paciflc only asks for a briof extension of which hns in oparation 450 imiles botween noxions by Benator Mrrenety, of Oregon, Dy the putting in of n clanse compelling the Compnny to construct theirvond on the south side of tho Columbia, which codld only bo dono at a cost of geveral millions more than on the northern Lank, aud also to construet twenty-five miles per annum in the Colum- bia Valley, with most obnoxious teris in ro- gnrd to lands. Now the Company natarally and rightfally protest againat any such riders belng put tipon them, They nsk not n dollar of money, nor for any privilegos other than those in the original grant, Time s their only request. Tho opening of the rord to the Missourl bas aiready eaved the Governmenta large amount of money in the tronsmission of military supplies and the transportation of troops, It hias beon of immenne valua to the publie, The present year over 1,200,000 ncres of tho publio lands contiguous to the Northern Pacific havoe been entered in the Land-Offices Ly sottlors. If it had not beon for the construction of tho line, tho entire region, now one of the most valuable agricultural seotions of tho continent, wonld have been a soli- tude. In view of what the Company hns done aud what it proposes to do, it shonld not be conpled with any other entorprise, but should be dealt with on its merits, lib- erally, fairly, and promptly by Congress during the fortheoming sesaion. Pt THE RISE IN GOLD, In & recent article the London Times dis- cusacs the fall in the bulllon value of silver In England ns compared with tho value of legal- tender gold coins, London is the chiel siiver wmacket of the world, and the imports of silver for the first nino months of this year from all cnuntries have been ouly £0,083,000, whilein tho corresponding period of 15i7 the {mportation was £17,172,! The Timen says: other circumstances were now the same ns in 1477, thie diminution of supply would nimost cer- tainly have produced o considerable rlse Tn miver, We muet loak, therefore, for acliange in some atber direction to nccount for the actunl facts, It is muzuested that there 1s such A change 14 tha greally {ncreased amount of Indian Councll billa which have been offered this yoars it the increase, though important In cunsequence of the dimbnn- tion of the Imrmwlnfl necessitated by the famines, e stilla good dual fens than the falling o of tho supply of sliver. Another explanation muast be woughit, and that explanntiou ia the fuoctivity of the Indiau trade, rlx‘(‘clnll{ of the export trade fromn Indin, ns compared with last year. 'Toe vrices of cotton and other raw materiats are lesa than they were, eo that India has had less to draw for, und until fately there was nocorrespunde ing cessation sn tho cxports to India, More re- cently another causo has co-oporated, —tho strine Lency of otir owns money markeb, Early I August the bsnk rato here was raised to & per cunt, sud for mure taan o fortnight the rate has been O ber cent. with the open warket atl {hrougth elosely tol- Jowiug or antictpating the bank. Such a state of oue money market tehde 1o check remitances abroad, and consequentiy to redoca tho domand for altver, which 1s one of the means of ramittance 10 siver-using conntries. Thists mucn the same tning 08 sayIng that, e & strinzont woney matket tends to moke all commodities fali in price, aud eilver in this country 16 only u commodity, there- fore, i€ moncy f& dear, ellver 18 likcly to ba Jews In demand than it would otherwisg We uld aasim, then, nda muin cause of the fall in cer the dull state’ of the Inaion trade and the stringency of ooy own money market, Ever sfice tho limitation of their silver coinage by tho coun- (rics of the Latin Conventiop, ailvor has been o commodity like others, and the circumetances aro now such that that commodity 1a likely to be lower in price thon it wiil bo At uther timos. 1f this accoant of the fall in silver be at all core rect, the conclnsion must he that another reaction in tha price, such aa happened after the fall in 1876, will probably occur. ~ That the presont falt is over we wnould not veuture to sav; bot it scems cortaln we have only to do with wmruury causes of depression in price, A rebound in the world's trade from the present cxtreme depression must svoner or later uccur, snd, sccording to common caperionce, the Indian trade, as well na others, will participate 1o the improvewment, =~ The present stringency in the monoy warket will alzo pans away, and veema likoly 1o” pass sway ver, woon, Sfiver, like other conmodities, will accord- 1ngly como moro Into demand. Permanently, too, unleas_sumo ather gruat chango ia made, miver seoms Jikicly anough 10 recoverin price, as the sales of the Germian surpiua will probably uot welgh an the market for wore than n year or two longer, and the dantandn of the silver-using countricaare nct to b measured by what they are in duil times Jike thesa. ho f;llu!rth setian of ‘lm{l Uunedl Htates la A 0s¢ Incalcplal olement in the problemy bl b BIVAY ol AROUSA. bo renealegy and the United States’ annual product of silver bo agaln thrown on the warket,—the worat coniln- Roncy us rexards this question for tho future,—we shiould he inclined Lo think tho milyer-using coune trirg ond the gold countries in thelr token coinace will be able tu abeorb the nuppl(. ‘What §njury to trade, then, can bu duno by the follin ailveris prouably ooly tomporary. 1 i e One Rycksraw is consumed with thirst for knowledge. In tho columus of the subsidy- grabbers’ orgon he aska whether the editor of Tun TRIBOKE has not In some way recelved from Mr. C. I, HuNTinaTON $23,000 of there- abouts for efliclent services renderud by Tum Curcago Tuinuse fn opporing all Government. cucouragewent of the Texas Pacifie Railroad project.” Tum Tiiwunz always renders ofl- cient services for any causa [t espouses, whether it be in fightlng tlat folly, combating subsidy- grabbers, or defending the maney of the tax- payera from the beaks and taloos of tne lohiby- vultures aud other unclean birds of prey. But we regrot to Inform the modest young employe of Toum 8corr that Mr.C. P, HUNTINGTON, actusted perhaps by repudiation feclings, or on account of falling memory, or for sume other reason, hias neglected to re- mit the amount, or any part thercof, and con- sequently wo aro still “out " of the *825,000 or thereabouta, aud, what is worse yet, have Jost il hope ut his ever sending on tho money. As to the $3,000 item “for publishing the miuority report of the Paclfie Kailroad Com- mittee,” about which Mr. . expresses such tender solicltude, alas! it too rcumains unre- celved, and wo are [n Ulduk despalr os to its cotlection, But It is such a trifle to a miilionaire Sike HuNTINGTON that he doubtlcss forgot ail sbout it.. We are restraloed by natural delicacy frow reminding ao great s mao as Mr. H. of those little arrcarazes, and, 2s Br. RrcgstaN does not scem to be ombarrossed in that way, and sppears famillar with Raillroad- Kings, will bo not please accept the sgeucy to collect tho sald sums, for » liberal com- mlssion,—say half or two-thirds of the money? Mr, RYcksan's per-cent, when recelved, will enabio bim to make his landiord, tailor, grover, sud divers other small creditors happy, and relieve hlin of the dally nccessity of dodging thelr duns, or strginiug his preat futellect In scarch of new cxcuscs for non-paymeut. After {ull lgquldation of tha deblt alde of his accounts, there will be snough lelt of tue gencrous com- wissious on the moncy JlUNTINOTON has rot paid to reader him indopendent, and rellove bim of the further uccd of lirjug bimself to Tou Scorr as s subsidy-grab lobby-ngent and dirt-sliuger. It Me, K, manages the collection of theae unpald items successfully, wo shall take Lim §nto the confidence of tho firm, snd exhibit to him the bouks of Tum TrisusE Company, whereby be can seo who owus sll the ‘shorcs of atock, und that not a pew name has becn added nor an old one taken Off o soven past years, All other information that he secks will also be Imparted uuto hin, so that be will go forth thereufter a Jully-Inturmed youug man. © e ——— One of the most sensible of the Democratlc organs in the South s the Memphls Awtanchs 1t would be Infinitely better fur that scction of the country I wore of its politicians Lad the rara faculty of sculug themsclves as others acs them that it seemis to possess, Bpeuking of & “ 8olid Bouth* whan it comes to political action, 1t saye that It Is a Juxury which the ecctlon of the country below the Oblo River cannot afford. 1t cogts toomuch, sud when obtalned is produce- Ivé of only evils to its posscssors. Few people will labor withont ceasing in tho cause ot sell- injury, ‘The mew who temporartly coutrol thy political destinies of the Boutheru States are cxceptions to tho rule which causes mioss pes- sons to keep a preternaturslly sbarp eye on ¢No. 1 ————aC—— ‘While the advocates of womau's enfranchisc- nicut are holalng couyventivus and wakivg cou vieluts becausu sho 13 deuled the balles, she leg- t3lators wre constautly passing laws that ure wore gud more fiberal fn guurdivg her rigtu. ‘Ihus the fast Legislature of Uregou pasied o taw oroviding that property owned by a woman at the time of marriage or afterward nequlred by glft, devise, or inheritance, shail not te 1y, hie for debts or contracts of the husband, Ty, wite may manage, soll, convey, aud desyse weh property Lho same as the husband may his property. The pronerty of either the husbayy or wife ehall not he subject for tho detts or coy. tracts of the other, and etther may institute practedings for tho recovers of property of which the other has postcssion, tha same as 1t they were not married. Unfess the huaband jy necessory, damages for Injury comsuitied by thy wife can be recovered from her atone. Efther may mako valld convegances and liens to 1l other; and the one may constitute :he other hig or her attornay to act far their mutual futersyy, The wifo may obtdin the wazes of her nersong) abor in her own name. Nefther Is lintle f¢p debts contracted by the other before murrjage, Elther ot both will be liable for the family sx. penses, AH this has been done in a State thay hias not been enlightened by the Jectures of per- sons davoted to suffrago reform, e —— e Gen. Ruactes, of Mason County, snnounces himself as a candidate for the offico of Postmas. tor of the lilinofs Benate st the sopronching sessfon. Tt 1s not mvery extravagant appifca. tion for a man of his past standing and record, His tocal paper thus blographizes nim: (len. Reaanks #erved in the Stato Senate from the year 1804 (o 1830, In the tiatriet 1n which Pres: tdent LincoL lived, durlng which tima Mr. Lix. coLN was elotied o the Huuse aid became 3 oo didate for the United Stntes Senate, tecetving te cordial snvport of Atr, RuuaLEs, yno received the, active anpport of Mr. LINCOLN ‘attha time of Lle election, Mr. RUiGLES wan the most prominent candlidare of the Republican party tor Linnteyant. tiovernor (n 1850, bub, with the wdyicc,of Mr, Lixcous and vther frionds, ylelded to the hotuina. tlon of Mr. lloresa¥, In “order to conclllate the German clvmont in iho party. He wan also sdele. te 1o the Convention that nominated Mr, Liscoix n 1800, Inthe buginniug of tho late War, Gov, Yarrs tendered Alr, RIUGLES 8 cOomminsion ne Mg Jor of the Third Cavaley, I which he aseved fat. Tully for more than theee years, during which timg lie was promoiea to Lieutenant.Colonet of the reg. iment, nnd ot the close of the Warwas mado a ¥ro. vou {irigadier-tieneral, Gep. 1tuouLEa lus been Muster 1u Chancery In Muson County, uud held other (rusta, in All 6f which he bas provid bimolt faithful and eapable, P ‘The proposed drafnage amendment to the Constitution has probably carricd, Heturna fromn a few counties fn tho several divisions of the State show the followlng: Againat, Total vole. 41 1,674 4,008 st have o majoritr of all the votes cast, ana fn the column of total vote above fs given the vombined vote of Surmy, The amendment CnoxNgnire, and Bates, for Treasurcr. Tuly showa for tho cight conatles a majority of 9,550 for the amendmeut. Btill, we are not certaln from the returos belore us that it has been car ried. Tn this county tha Democratic tickets were 80 printed a8 to count againat the amend- went, and many did not vote ecltlier for or agalust, but left thelr tickets bLlank, alt of which counted "against.” m—— Mr. James G, Fam, ono of the Big Bonanzs Kings, was in New York last week, and was secn by an inguisitive nowspaper man. ‘The poor reporter thought that & man worth ever so many millions, and whosu fucome fa eaid to be half o milllon a month, must know a zood deal about the question of flnance, and he ac cordingly began to gump him of the Biz Bonan- za. But it was dry: picking, ‘I should only mislead you,” he safd, **if I should aitempt to talk upon that subject.” Ha sald he knew nothing about tho siiver question except what was told him, but If anybody wants tohear abuut quariz, or ores, or milliog, or stamping be could tell all about that. The finances, he claimed to know, wero mostly purely practical. Finances, theorsticaliy cunsidercd, lo left en- tirely to others, For a quarter of a ccotury, lacking a year, he has been tho*actual manager of the vast mining industrics which have mede thousands of poor men rich and rich men poor, 1 and of the'most productive mines the world hasy 3 ek i evér seen!” At the last clection the Republicans carried fourtecn districts, In which . they elected Scoa- tors who will hold over after 1880, Thoy sise carricd a majority In fifteen districts in which o Benator was to be this yfar clected. Shound the Republicans carry thesc same districts 1880, the Seunte then will staud: Repubiic- ans, 20; Democrats, 21; Soclalist, 1. Now. 5 tho epublicans carrled the Second, Fourth, Eighth, Tenth, Twelfth, Fourtecuth, Sixtecnth, Elghteenth, Twentlet, Tiweaty-sccoud, Twen- ty-ixth, Twenty-cightt, Thirtloth, Forty-see ond, aud Forty-fousth Districts. Total, fiftced out of twunty-sit, ot ——is s The officlal canvass of the voto of Boston presents somoe very curious figurce, Uf thu scversl candidates for Governor, ButLen se- celved a clear majoritys 1313 voto waa 25,230, lu a total vote of 47,080, TaLuor had 2),7S Josiau G. Anport bad 1,630, Minku, the l'ro Libitlon coudidate, find 101, and the rest wers scuttering votes, BUTLER was the only man o hls ticket who hsd a majorlty in Boston. All the others (except King, canditato for Auditor) lad o plurpiity vote; the figures of thele vote- ranging wbout 22,000 cach. S 7o the Edifor af The TyiLune, Cittcaoo, Nuv. 17, —\Vnat [s 8 New York oullls fier? Dnd JacKksod over hang auy unlliflon? or ¢id the nullitierd gg avout Welr sustaess Lefure Jack: aun could ges bis ropes ready? 3 A New York pullttier (s 8 nullifler who lies in New York, Hecould not very well pe by ibuols uuliiller while s resident sud eitizen of o0 Eastern Btate. Jacksox wever hanged auf nullifiers, llo threatened flercely, and b calmly compromised with them, — —— The Cinclonatl Comrmsrcial utters 'a timely note of warning 10 the ¢old-bus when it 38)8 that “If the bunka tsve combiued to sestore the single standand aftee the Uorerument Las established the double staudard, und wish 10 fneur the N-will of the veople uud get wiped out, thuy hiave ooly to lusiyt ou the policy of the New Yori Clearing House.” e~ BeN Burixa's fnterview in tbe New York Tribune reads glorlonsly esough. Hesumptiod wiik fail and public atfairs look bad enouih—to Al cack-eye of tha Esiox statesiman, But thety 1t 16 after electlon and the defeated caudidates all over the couutry are certuln that the Re- public 1s going to everlastivg sinasu. BUTLES 13 altogethior too despondent. i A ‘The Republivan majority tn Pconsylvenfa Is over 23,000, sy ' DoN CANELON did- pu¢ wake any speeched efther. e ——— The Sun #shiues for all" now, except Tile RN, e JOURNALISTIC ,ToL®po, Nov; 17,.—With tue lssue of the Dty Commercial of to-morrow a changs takes place 1 tho ownorship and mnug;me;:l; of ll:‘lll per, No D, Plch, reccutly of thu fanwoss o, Ui cliased 1t of thu foleds B, Dy i 23 i il lure ol Ly e foriacrty of 1o Neb‘lnufi«r Copany, :u:hlnl wmr;n._ nuvtl iegn‘lll 1 charge o 3 6] 5 feokak, Iu., Conatitution. 1o politics thy Lo~ snereia, higherto Hepublican, wili occupy 80 i dependeut position. - g GOLDEN WEDDING, Bpecial izpated to The Triduns r Mancuxsyxi, fo., Nov. 17.—Tue goldes H' - diug of Williuw Bremuer and wife was “h: Lrated st the rsidence of A. 1L ()nufiefiu . son-lu-law, (o tuls pluce, lass eveng. e numbes of theie fricnds snd - veicbbors "o;u sreseut, und preseuted the worthy couple ‘ = &.'\'Hu American gold, ‘Fhoy are ‘early settie of this place, sud very worthy dtlacus. e THETELEGRAPH IN MONTANA. tiita Drzauwoop, Nov. 17.—A tetegragh tive 108 Deaawood to Fort Kedgh, outaus, hfia s completed. This llue upens Centrul Muntely aud tbu Yellowstone uv mmmumpfluu" . Ve outside world, Weith tho Blacs B i o Cheyeune Telegraph Lioe, with which it v uects.