Chicago Daily Tribune Newspaper, November 26, 1878, Page 4

i 4 (= Thye Tribane, TERMS OF SUBSCRIPTION. DT MAIL—IN ADVANCE—POSTAGR TREPAID. iatly Edition, one yesr. .81 §'arta of sear, por month fteran pARTS. . ¥ EDITION, TOSTFATD. Ome copy, pel Cinhot funr, Epectmen o fre Give Post-Utlice addresa in fall, incloding State and County. liemfttances may be made either by draft, express, Fost-Ofce oyder, or in registered letter, at our tisk. TERMS TO CITY SUBSCRIDERS, Tafly, celivercd, funday excepted, 25 cents per week. Yictiy, dclisered, Sunday included, M cents ver week Address THE TEIBUNE COMPANY, Corner Madison and Tiearbarn-sts., Chicaxo, 1l Orders for the delivery of ik TRIuUXE at Evanston, Englewood, and llyde Parx fefs 1 the counting-room Wil recetve prompt attention. —— 1T OFFICES. Tnx Cuteaao TRIRTS X hna extablished braneh offices for the receint of subscriptions and mdvertisementsns follow NEW YORK—Toom 20 Tridune Dullding. F.T.Me- o, 18 T de1a Grange-Dateliere. ut.—~American Exchange, 419 Strand. BAN FIANC alace flotel. AMUSEMENTS. MeVicker's Theatre. Madison street, between Dearborn and State. **Tosee dale.” Tinverly's Theatre, Dearborn street, cornerof Monroe, Engagement of the Unfon Square Combany. **A Celebrated Case.” flaoley’s Theatres Tandolh etieet, beiween Clark and Tasall nent of Ellza Weathersby's Froliques, En- * fobe [3 ble Academy of susic, Haleted eirect, botween Madison and Monroa, Va« rlety, uovelty, and spe: y performances. Hamlin's Theatre, Clark street,oposite the Court-Houss. **The Btreets of New York." Metropolitan Theatro, Clark steect, opposite Sherman ilotwse. Varloty en- tertalament, TUESDAY, NOVEMBER 26, 1878, Greeubacks at tho New York Stock Ex- changa yesterday closed at D93, A. P, Forsytuz, Republican Ropresenta- tive-clect from the Fiftcenth Congressional District of Illinois, will recervo tho cerificate of the State Board of Canvassors, tho omis- sion of the final * ¢ from his name on 595 ballots not leing rogarded na any evidence :hat he was not the wan voted for. There is not n decent Demoerat in the Stato who will disputo the justice and propriety of this decision. According to German prodiction, one re- sult of the war with Afghanistan will be the necessity of kecping a largo army on the Afghnn frontier, thus praventing England, in tho ovent of auy future European complica- ticn, from threatening the employment of Indian troops in the West. It isalso predicted that the same reasoring will apply to tho at- tempied muintenanca by Gront Britain of Turlish: rule in Eastorn Roumelin, and that tho latter torntory will evontually slip from he tocblo grusp of (Lo Governmout at Coue stautinople, WarneN Tatz, {ho Indionapolis murderer ,Who Lilled WiLtzast Love in the corridor of ‘the: Court in which Love had but a fow miu. nten proviously given testimony damaging to ‘TATE's interests in a lawsnit then progress- ing, wus yosterday flued 810,000 by Judge Luuxs for contempt of court, probably tho lieaviest penalty ever inflioted for slnple con- tanpt 1t was held that the defendnnt and Lis vietim were within the jurisdiotion of the Conrt nt the timo of tho shooting, and that the offeuse was therefore punishablo as con- tempt. Tarc has still to stand his trial in tho Criminal Court on tho chargo of murder, 50 that tha case involves tha possibility of a combitetion of fino, imprisonment, aud death, There is no Inck of confidence among the Trensury officials of the nbility of the Gov. ernmont {o procced with resumption on and after Jan, 1 without tho slightest interrup- tion or difficulty. With 846,000,000 of greenbncks nomiuslly outstanding, of which ubout $100,000,000 are now in coutrol of the Ggevernment, and not lisble to Lo presonted for redetaption, besides 20,000,000 lost or destroyed, the avallably coin supply of 140,000,000 will cover the ontire liabilities with the excoption of $86,000,000, This shurtage of coln 18 not likely to ever be felt, sinco the 86,000,000 of greonbiacks unpro- vidad for would remain in tho hauds of the people and unpresonted for redemption it only $2 of legal-tondor paper currency wero reinined by each inhabitant of the United Btates, The Dominion of Canada is now fully equipped with a Governor-General, the Alarquis of Lousg having yesterdsy taken the oath of oftico, and formally assumed tho seius of Government, The recoption ne- corded to the son.in-luw of the Queen and e ruler of her chief colony at Halifax yesterday was cordial and enthualastic, while the welcome of the Princess Lovise was marked by an evident appreclation of the Lonor and distination conferred by the wdvent of o scion of royalty, The dispatohics contain an eluborate description of the reception cerumonios, which wero con. ducted without avy interruption of the stiff and stupid programme which s inseparable from such occasions, Montreal, as the metropolis of the Dominion, will next take a haud iu the welcoming business, and of courso will outdo in brillianoy nnd gorgeous- ness tha Halifux demonstration, Not long sgo Bex Hivnand Gov. CorqurrT, of Georgin, quarreled. ‘Ihen the Benatormade up bis mind (o ruin the Governor, and so publiskéd a statement that Gov, Corquirt hind withheld his sigunture from certain rai rond honds, st tho same- time allowing a cor- taiu clerk to hawk around promises to secure the needed Gubernatorial autograph for a sum of money; further, that, upon the pay. mout of this price, the bonds were imwedi. ately signed. It was expected that the two leaders would at onco engage in a struggle which would leave one, and perhaps both of them, without a reputation, Bat it would scern that & reputation is worth some. thing, even in tho Bouth, Therefore, tho fricnds of esch, party skurried around, showed each other the points thoy had wu each other, mnd concluded that it would not do to make s smudge. DBut CorquinT was, owing to Hirv's quick tewper, wlready i tho bole, and he must be pulled out; be was o complete fresco of smut; he wust be calcimived whiter than snow, To this work the Jeaders have for tho last few weckslent their most iudustrious efforts. A secrot cowmittee of fullers Luve now gotten up » Gubcruatorial epipbuny which they \lisk tho peopls will stasd.” The new zet pany realizad 210,000,000 protit during o duetion, and the Btandard Compauy, having amounts to s hundred millious a year, aud, if the Btandard Compauy controls and die. in a way. doviso tho wosns for tho chespest and most introducod great cconomy in the oollateral brancho of tho business. Cooper establish- ments wero built, so that the Company could kinds of oil, was used in wmaking a chewing- introdnced into the well.worn ring of inves. tigation is exhibited this morning. It isan- nounced that thero will be two reporis, A majority of the Committeo will find nobody guilty, while & minority will, with sturdyand anwavering impartiality, censure someof the practices which have grown up among the clerks of the departmants. R — The closing meotings of .the oulgoing County Board are chiefly devoted to the at- tempt to discover somo way in which the Hanys *““extrn” job can be worked throngh before the Ring majority is relegnted to pri- vate life by the expiration of the officint terms of four of its members, Besides this nothing was done at yesterday's meeting of the Bonrd, oxcepting the adoption of resolu- tions certifying the Doard's confidenco in the integrity of Commissioner Buaurva and his innocenco of the chnrges forming the ba- sis of tho indictmont roturned by the Grand Jury of the United States Court. Iu spite of an opinion obligingly farnished by the County Attorney, afirming the powor of tho Bonrd to take momoy wherever it can be found for the consummation of ‘‘extra” stoals, tho Hanms job was once niore de- feated through the firmness of Chalrman Sexxe in refusing to entertnin a motion to instrnet the County Clerk to draw the order in tho absenco of n certificats from the architeot as to the justnesa of thoe clniw. Thers was somo talk of impeaching tho county officers who refuso to lend a hand in carrying out the schemo of plunder, but it is ovident that the Ring lLas neither the nu- dacity nor thestime to enter upon the im- poachment business, aud that tho partnors in tho 829,000 grab will nover gat thair divie donds, THE OIL MONOPOLY. Some daya ngo Tne Tninuxe recapitulated the history of the * Standard 0il Company,” and gave an account of its unsuccessful effort to acquire A monopoly of the cil trade in 1872, Tho oil-producers of Pennsylvania now nllego that such monopoly has been nctually acquired by this Company, They declare that tho Standard is *the absolute master of the prodnction and its valus; of teanaportation by pipe-lines, transportation by railronds, nnd the compensation thoreof ; of storage and refluing, and the profit thereof ; and dictates prices throughout the world of one of the first three oxports of the Unitad States.” The oil-producers demanded on investigation by Congresa a year or more ngo, nud a commiltee was appointed; but the railroad men generally paid no attention to Speaker RANDALL'S Fummons, tho mnatter wan not pushed, and thera was practically no investigation at all. That the oil-producers are in cornest now fa evident from their declnred intention of abandoning and de. stroying their wolls unless thoy can find rolief from the Courts, One of them now doscribes himself ns well as his follow- producars as going in crowds ‘‘to wait his turn for leave to sell oil at a dietated price to asinglo ngent of a singlo purchaser.” Three suits have becn institated to break the power of this great monopoly. One hos been Lrought by tho Attorncy-General of Ponn- #ylvanin, under the directions of Gov. Han- TRANFT, to enjoin tho Peonnsylvania ronds from granting any robata to any shipper, as it is alleged that it i3 orly through a syatem of rebates that the monopoly could bo gnined and sustained. 'The producers themselves have begun nn action agaiust the ** United Pipa Line,” controlled by the 8tandard Com- pany, looking to the forfeiture of its chartor. Finally, the refiners not undar the dictation of the Standard Compony have sued tho Pannsylvania Company for a sum oqual to the gross amount of robate which the Sland- ard has recoived, nud this is nlleged to bo at the rate of 60 cents a batrel, not meroly on the oil shipped by tint Compauy, but on cil shipped by evorybody else. The Now York Sun hns followed up its in- vestigntions Into the oporations of the Stand. ard Oil Company, and states that the Com- perlod of four months, Lhis was ot o timo when the consumption of oil was, for soue renson or other, largely In excess of tha pro- tho whela trade in its own hands, enjoyod the profits, This was an excoptional period, it is trno; but, novertheless, the oil trado tates to all the people engaged in producing, refining, transporting, and exporting oil, then the monopoly exceeds any over known. According to all accounts, tho Standard Company acquired its first advantages legitimate and conuncndable It employed the best talent to productiva reftning of tho crude oil, and then make its own barrels and save the profit, Lumber distriots weroe purchinsed, so that the lumbor merchants could not dictate torms. The hoop-iron was manufaclured, and what was waste in other catablishmonts was used here for tho mauufacture of the blue paint which distingnishes this Company's Larrels. Not a spock of the cruds oil was lost, for the vory last residuum, after gotting out varioas gum, which finds patrons among the schiool- childron throughont the longth and broedth of tholand, All this was proper, and had Mr. Rockerzrrer—the presiding gounlus of the Compauy—been content with this his profits would lave been cuormous, and ho would have cscaped publio condemnation, But the Standard Ol Company used ils scientitlo and economis resources as means for sccuring unfair advantages. The first atep was to crush out all competing refin. eries. Bomo were bought up at low prices when they discovered furthor roslstauce was uselcss, sud some were closed out altogeth. or, There were fifty refinerics in the oil regions alone before 1874, and all of them aro now. in vuius, The same policy ex- tended to New York, Erio, Baltimore, and othor cities where oil-refining Lad been car- ried on, until the Standard Oil Company et Cloveland, 150 miles west of the oil reglons, and benco 300 miles furthor from the polut of export than the Eastern refineries, was able to control tho trado. Oue of the agen- oies usod by the Standard to attain this end was a monopoly of tho transportation by tho pipe-lines, which wepe consolidated in the face of a Peunsylvania law purporting to assure free pipe to the oil Dat the oil-producers contend that, in apite of all the power acquired by these means, it would not have been poasible for the Btandard Company to fasten its grip up- on the entire oil prodyet if it had nos been eujoyiog rebates on all the oil shipped. This rebate is stated to be G0 cents on overy barrel of oil, whether shipped by the Stand- ard Company or suybody clie. It is sup- posed that, if such au arrangement exiits bo- tween the Standard and the railroad cotopa~ nicd, it is of wsecret nature, nud s0 hedged wbout that it will be diticuitof czpesure regiony. THE CHICAGO TRIBUNE: TUESDAY, NOVEMBER 26, 1878, Bnt tho suits institnted will mbject all p ties interested to most thorongh examination on oath; if this docs not Lring out the terma of the secrat and unjust diserimination in favor of the Standard Company, it is freely predicted that thero will bo serions troubles in the oll regions, which will exceed in viot loneo any that hava oceurrod in the conl re- glons of Pennsylvanin, or on the line of the Peansylvania tailrond. BIIMARCK AND HIS BOSWELL. We print elsawhero some extracts from & ‘book which hins recently appeared in Berlin, and which is alrondy creating considerable oxcitement in Europe. The book bLears the title * Prince Bismarck and His Peoplo During the War with France," and is written by Dr. Montrz Buson, & woll-known politi- enl writer, who was in the” Foreign Office during the French war, and accompanied Bisnanck to the flold as his private secretary. s intimate and confidential relations with tho Prince, and his Labit of recording upon his tablets everything important and nnim. portant that he uttered, have cuabled him to give tho world glimpses of Bissanck not only 1n his guarded relations with diplomats and statosmon, but also in hus freer moments; when not under restraint he nnbosomed Limselt to his friends in his plaln, blunt mauner, and exprossed his opinions without referonco to effect, Dr. Buscn, in fact, s n second Bosweryn, nnd his book, like Dos- wrrn's, 8 nnother instance of tho injustice of the old saying that s man is never a hero to his own valet. Bisyanck was ns much a liero to Buscit as DosweLt was to Jomssox, nnd his admiration waa carried to such an extent and o blinded his judgment that ho hins printed not ouly aneo dotes and sayings that bring ont the heroic side of Braxancz's charaoter and his earnost observations and trenchant eriticisms, but many that show a vory bratal and repulsive side. 1t is a notablefeaturaof thisbook thatsome of tho ‘vietims who pass under Bisyancr's reviow aro still living, and are not likely to endure their public cxhibition in silence. One 1nay expect sharp roplies from somo of thom, and in the cnse of those who are dead, notably in that of Vox Hounoror, it will be singnlar if their friends and admirors do not come to their rescue. Diswancz hns mado mnany enemies during his stormy carcer, and his biographer's work will be likely to add to the number. The oxivacts which ‘wo print clsowhere will, however, be read with intevest, for, walving all his prejndices and his brutality, they give tho rendor a very graphio picturo of this iron man in his prompt, energeticaction, his pen- etrating power of insight, and his snblime confidence in his own judgmant. Ilow com- pletaly ho strips the mask off from M, JoLrs Favnz, nnd shows that very Frenchy states- man playing a role, trylug to forco tears which would not come, pninticg his face white npon one oceasion and very pallid on nnother, that he might appear to Disuanck na o muffering polriot, and how completely lie spoils M. Favnr's flne bit of acting by resolutely keopiug him down to busi. ucss, and.informing him that sentimnent has nothing to do with politics, How cruolly be holds up the little man, M. Tniens, to the mockory of the world as a diplomat * coming to me as o negotiator when ho had not gump- tion cnough for o Lorse.dealer.” How un- meorcifully hostrips off the surroundings of Narvoreoy IIL, and stigmatizes him ns a stupid and sentimental ase, whose silonce wos put on to couvey tho iden of wis. dam. How charactoristic of tho man iy his roply te Gon. Remwuy, NarvorLeox's messonger. When that officer notified Bis. MARCE that if ho made severo terms the Frencl in Bedan would blow themselves up with the fortross, tho only reply that weni back to NavoreoN waa; * Faiten sauter,” But Bisaarce's shafts are not loveled at Fronch- mon ooly, Germans and Austrlans also ocomo in for their shareof ridicule. Nothing can be mora refroshing than Lis cool impu- donco in helping himsclt to the Austrian Count Tuun's cigars, who was tho traditional and abiolute ruler of the Germanic Dict, and whoso oclf-cstecra was of tho most im- posing kind, Nothing, on the other Land, will bo more painful to tho admirers of Vox Humporor than tho merciless way in which ho ridicules tho great scientist for his loquac- ity and vanity, ns well a8 his voracity at able. It {8 not o very pleasant pleture he draws of tho great scholur sitting at tablo with his plato piled up with pate de fois gras, lobater, oels, nnd other indigestibles, and then trying to make a spoech nnd not gotting any further than “On tho summit of the Popocatapot],” bocause all the rest of the company taiked incessantly, ‘Whilo the reador will find much in these extracta that will commond Disuanck to bim, Lo will find much more that showa him as of o welfish, mocking, aud, uncharitable dispo. sition, - Itis fortunate for him that all his biographers are not like Buscy, but that some of them, like Genuacy, have given us plet- ures of bim in his home.lifo and in his lot- ters to his fumily that indicato tho possession of kind and tendor traits below tho austerity nuid brutality of Bisaarck, the Premior and politicisu, Bomo of tho letters to his chil. dren have nover Leen cxcelled in affoction aud sympathy, and show us another side to his man, whoss brutal solf-assortion scems to bo mainly confined to politics, fn which ho himself says thoro i no sentiment, A DENIAL THAT AFPIRMS, We never churged Beaator Jonx 1. Gon. pox with complicity iu tho cfforts of the Democratic National Comuittey to Lribe the mtnmiugllo‘n'nlo{ Bonth Caroling to give the Electoral vato of that State to Bamuxr J, Prroey, Weo oxpected, however, that he would hasteu to explain the two ciplior dis-’ patchos seut to him from Baltimore by Saru M. Wrzw, Nov, £0, 187G, They wero a3 follows ; & ¥iret dispatch—<¢Matters arranved by turnimg I gruph now Becond the Electoral ay little delay, W Lot us recall the situation. Weep had shown by other cipher dispatchies that he had contruoted to buy the Electorsl vote of South Curolina for $80,000. o haed beeu informed from New York .that the wmoney would be furaished, and directed to proceed to Baltimore to receivait. Preu. ToN, TiLpes's nephew, repaired to Laltimore to meet him, ‘Tho presumption is that be (Perrox) carried tho promised ¥80,000 in his pockot ‘or grip-aack. Tho first ciplier to Gorvox'meant plainly that he (Ween) bad sctually recelved the promised wmoney, and requested hiny (Gorbox) to inform Hasxers, the confidential mau st Columbia, of the foct, and to telograph the *“ nows,"—that .is to say, inform Weep of tho cffect at the Columbia end of the jise of iuformativn of tho fuct that the New York eud bad ful- filled its part of the bargain he (Weep) had wade. In other words, the disputch reduced to plain Engliah would read: ‘¢ Tell Hassrrs that I mwa ready to pay over the 320,000 secerding to contract, A % Ll whother the Hee rd agent, Julorm Blaskkei ulna\\gc.!g. teh~**Jlave the Court hold onta voles until tixed or fuiluse. Elcctorl vote is rendy for delivery. como on? Answer by telegraph.” Bhal Tho net of sending this cipher dispaleh to Gonnox implies that ha (Gorpox) knew the natnre of the negotiation entered upon by Weep nt Colnmbia, and was neqaninted with the chavacter of tho obligation by which he liad bound himuelf previous to his departure for - Binltimore. 'The second dispatch in- formed Gorpoy of n hitch at tho New York end of tho line, and, instend of requesting bhim to commmuuieato with nnother ngent of the negotintion, as in the first dispatch, urged him to net divcotly with the Coust to securo delay in tho rendering of a decision nd to the powers of the (anvassing Honrd. The first dispatch tmplios, as we hava nl- rendy sald, knowledge on the part of Gorpox of the naturo of Wxep's mission to Colum. nia and of its progross. DBut the second dis- pateh implies much more, namoly: the ns- sumnption on tho part of Wexn that Gonnox wonld nse his influence with the Court to further the negotintion, and dircots, rather than requestr, him to do so. Theso dispatches were bronght to light and transiated nearly two months ogo, and, notwithstadding they iuvolve, if (rue, tho utter disgraco of Mr, TitpeN and the Dem- ocratic Nattoual Committee, their verity has not been questioned by anybody. Moeantitne Senator (tonpon has remained silent. At Inst, Howover, ho spenks, but vory equive- enlly. In nn interview in the Atlnata Con- stitution he is represented ns saying thot “lio hns no kuowledge of the Zribune ciphor dispatches purporting to have been rout by Ssutit Weep ; that ho had no ciphor to uso in the campnign, and that if' he received adispatch in ciphor in referonce to money it related to a fec of §5,000 with which to employ counsel in a case to test certnin clections held by fha Ropublicans in cor- tain districta in oven violation of law.” Ho declores that the moncy in this cnso did not come from New York, nlthough directions about the caso il emanato from that city, ete. Wo submit (1) thnt Bonator Gornox's denial, if denial it may bo eolled, comes too Iate to rescue his good namo from tho stain it lLns racoived. (2) 'That it is in no senge a denial, Lut rather an implied admission of knowledge of tho al- leged negotiation, Gen, Gornox says he **had nocipher to usein the eampaign,” but directly admits, by clear implication, that ho did re- coivo a oiphor dispateh, and proceeds to statu the snbject matter of it. Asstated, it related to a perfectly proper proceeding, and might hnve beon freely commnnicated by tele- araph withont tho aid of a cipher, If it was u proper procecding, why does not Gon, Gonnox give the dispatch to the public with a traoslation? The pullic would like to know whether the cipher was tho same a8 that nsed by Mr. Ween, This in what the public will require Lefore it gives credenco to Gen. Gonpon's statement on this point. But the production of the dispatch admitted by Gen. Gonnox to have been reccived by him would not reliovo him from suspicion of connection with Ween's negotiation, The dispatches we Lave repro- duced from Weep to him (Gorvox) caunot Do tortured so nu to fit tho caso stated Ly Gon, Gonvoy. Theyars naplain as a pikestafl, ‘Thoy relate to Weep's proposition to buy the Electoral vote .of South Carolina, fully ox- plained in other ciphers of tho sortes, nnd can bo wade to relate to nothing clse, Gen. Gonpox's cxplanation does not acquit, butit ratber condemus him, A CONVERTIBLE CURRENCY. Our renders will remember the discussions of n few years ago upon the question how to furnish the ccuntry with a currency alwnys equal to the wants of trade, and the rame timo to make it redeemable, in caro tha nmount in circulation should become ex- cessive. The fssuo of an intercouvertible bond was urged by the Greonback party ; that is, that a bond bearing 8.65 per cont in. terest should Lo fssued Ly the ‘fronsury to any person depositing greenbacka; and that npon the prosentation of the bond the Trens- ury shonld redeotn it by relurn of an cquel amount of greanbacks, Tho theory of this schome was that it would furmish a perfect system by which grecubacks when in e¢xcoss of public neods would roliro in the form of bonds, and, whon a necossity existed for them, they would bo called out sgain, At the time, Tur Tmouse pointed out the fatal defect that tho bonds, being always equal in value to the curreucy, with 3,66 per ceut additlonal for interest, tho greenbacks would all Le rushed into bouds, producing a general contraction of the currency., It took the inflationists n long time to clearly comprehond that, to issuo grecnbacks and give the holder tho privilego of oxchanging them ot par for a untional interest-bearing boud, it would be wimply to 5o fill the country with Londs that they aud not tho notes would becowo the cuivency, thus producing that very contruc- tion which they dreaded so much. Finally, the interconvertible-bond schcmo was aban. doned and that of fint monoy was adopted in its placo. Tune, with its healthfnl operations, has worked a rovolution, Wo uow Lave n cheap tond without any contraction of the currency, ‘Wo have n currency couvertible into bonds at por witbout reducing the amouut of cur- reney in cirenlation, The beneficial purpose of the interconvertible-bond schemo is me. complished withont the couscquent coulrac- tion, At prescnt the holder of 850, §100, or 1,000 in currcncy ean take them to the Sub-Treasury aud receive thercfor o 4 per cont bond at par. ‘The currency aud coin beibg at par, the Treasury applies the woney recoived for tho 4 per cent tu tho payment of n 6 per cont bond; and, when the 6 per cent bonds shall nll have been tuken up, then the receipts from the 4 per conta will be ap. plicd to tho payment of ke s per cents, aud In this way the work of convertibility of tho curvency into bonda is always golng on, oud vet the curvency Rows out of the Trews. ury into genornl circulation os fast asit is paid in, Iu the meantime, ench conversion reduces the annunl burden of the publio debt to the extent of the conversion,—one. third. Instead of paying §G0 a year jutercst on 1,000, the nunual charge for interest is reduced on tho new bouds to $40. Auy per- son having more currency thun Lo needs, or for which he has no present use, and still would like to hiave it earn something, has ouly to exchange it ot par for a 4 per cent bond, and hold 1t in that forin until bo has airect uso for the mouey. Uuder any other system this process would lock up that much currency and withdraw it from use; bui under tho process of funding the debt it is jwmcdiately paid out and enters again into tho gemeral circulation. No ¢uch adirable, safe, aud scouomio sys. tem for furnishing imediate fuvestment for idle money, whether in large or sina'l sums, bas existed. 'There is woreover wo danger that this wesus gf iuvestment will be with. drawn, or that (Lo bonds will ever advauce beyond par. Bo long ns the Guvernment Lasn G, ore 5, 0r al) per eaut Load cut. ! standing, the mupply of 4 per cent Londs at par must continne. When money shall ad- vauce, and becomo worlh more than 4 per cont, then the demand for tha bonds will cense, but the acerations of money—of sur. plusen in the hands of individuala beyond the needaof presont nso-—will nlways continue, and In this way tho sale of 4 por cont bonds will probably continna so long as there isn bond bearing a higher rate of interost out. standing, While this process is going on, the conniry remains in posseasion of its whola volumae of currency, and that curroncy consista of gold, silver, and paper of equiva- lont and interchiangeablo value. Nover was the enrreucy in & more convenient and serv. iceablo condition than nat present, Any man having more than he needs has an in- vestment alwnys open to him at par, and yet no contraction of the volume of the currency takes place. Ilere is the end which the CGreonbackers so many years sought to ac- complish actually in opoeration and success- fully progressing, and yet thoy are mot happy. MULLETT, Mr. Murterr was onco Supervising Archi. tect of the Treasnry, ‘The Inta United States Grand Jury in this city lins formally apolo- gized to the publie for not iudicting this samne Mr. Murterr. "Choy say in a noto to the Court nud the peoplo that the reason they did not indict Murrerr is that he was exempt by the statuto of limitations. A man of auy sensitivencss would regard this state- ment a8 moroe humilinting than if s truo bill hind hoon found ngainat him. Not so Mur- rerr, He improves the opportunity, as he does most apportunities, to talk, and therehy extends the notoriety of his unonviable jm- | munity. 1le veems to have fallen out with MoerLen, with whom he and Raxxiy were formerly on such good terms, and now intimates that the ** Ring," which is the term ho uscs to desiguato the officials who succecded bhim, did a great many unlawful things with the purpose of making Murrien ‘‘ante up.” Ho aleo claima that ho saved the Custom- Housa as it stands from demolition, at the tie it was condemanod by a commission of avchiteets appointed by the Govornment, nnd ho sacks to leave the impreasion that ho (Morrert) was n great boon {o Chicago and tho Government, and that nll who came after him wero conapirators striving to undo tho good work he had bagun, Weo submit that o man whom a Grand Jury does not indict bocause it is restrained by the siatate of limitatious Is scarcely in a pesition to talk so loudly aud confidently of his own virtuo nand so disparagingly of the virlue of overyhody clse. The poople of Chicago are very much inclined to regard this man Muztzrr os the sourca of all the woes that have come upon us o this Custom-Houso Dbusiness, Ilo it wns, by his own sdmission, who recom- mended the Mupsuen stone, and thoreby inflicted a muddy-colored and soft-grained mnterial upon the city, which can only be fitly described by Oantyie's plraso of *“abieap and nasty.” Ho it was who designed o building whick, at a cost of several millions, is o mligerable abortion ns compared with less caatly buildings erected with private menus. ‘When be claims that Le saved it from demo- lition, ho draws on his imagination; but, if it were taue, the peoplo would have little to thonk bim for; tho building was raved by o report of Chieago nrchitocts, nppointed by the Mayor, who cortifiod that the ground and fonudntions wonld bold up the superstruct- ure with certain modifications, In order to jusure its standing, howaver, tha oviginal Merrerr design wasso changed as to make the_ structure moro awkward than it was originally, Wo think it would bo hard to find a building in all the country whero so poor a showing i nnde for so much money, aud Chievgo suffored a nelf-sacrifico for tho Lenefit of the General Government when it demonstrated that the building would not topple over. 'This is the structure for which Murrerer is primasily accountable; can we bo thankful for it? The Democratie party mauagers do not intend to be vaught napping fu suy contingeuey that may possibly arlse in tho Presidential contest of 1880, We briefly referred the other day to tho schietne on foot to tle the Stuto of Wisconsin by ousting Hazrrtox, of the ‘Third District, aud the seatiug of Kixo (National and Demoerat). 11 the cholco of Preaident should be decided by tho House, this would neutralize the ten Elect. oral votes of Wisconsiu that v certafu to b cast for the Republican nomince, The Domo- cratte fuglemen do not tiko the present condis tton of affuirs n Indlana. In n vote by States for President, the Stato of Indlana is fn the nauda of a Greenbacker, tho delegution stand- i eix Democrats, six Republicaus, and one Na- tionalist. The Natfounllst cun of course unite with elther party and throw the voteof Indlaua for Jts candidate, "This §s not u pleaylug outlook to the Dumocratic partison, especially when be romembers that this fndlana Notlonalist was formerly o Republican, and If the currency question was out of the way (as it prac- tically will bo soou) bo i more like. Iy to afblate with his foriner assoclates than with the Democrats on all subjects relat- {nz to national affatrs. Tencoe the neccssity of placiug Indiana ou a sure foottog if the oxi- getiey of & vote by Btates sliouldatise at the next eleetion, aud to this cud they propose to throw out Govrove 8. Ot who was clected by only 8 few votes, and to scat hls Democratic ope vouent. ‘This done, the vote of Inaluna wounld bo seeuto for the Dewmocratic candidate, Here a'o two littte schiemes that will bear watching. They are entirely in accord with tho Democratie {dea of Justice, and are worlhy of the massive futelieets now I chargo of the Democratic ma- chine. e et B— e The New York Kirpress reports of Gov, lorp- MAN, Who has just returned from Europe, that he says: . Prance Is the most prospezous nation in Luropo to-day, aud by astributes it in part 1o the fact tiat the Freuch have lcarned Lhe maziinum of ceonomy snd 1he minimum of expenditure. (e thinks the Filver Comunsglon mado 8 very favorable fupres. Though §t_did not accompiish much dircet- i las certalnly lot Uha peoplo of Kuropo kuow the eflort of “our Govornaient to_ remunctixa ©F vould bl Inpalr ur ceedit I the viightest degrect thut 11 was almply an effort to glve wiiver 1w proper place, Francs bas stuck to the double standerd, The French debtor enjoys the option of paylug in either metal, lleuce the creditor can get no veorper” on bim. ‘Tho excentlonal prosperity of Frauce 14 undoubtedly Jargely due to the duuble standard, which keeps moucy abundant, awd prevents it from bécoming dear, ss 1t is (termany oud England, who are suffering se- verely from hard thnes. Prives of labor and manufactures have greatly declined in thoss two gold countrivs; guld bas become dearer and harder 1o gzet; debis aud taxes bave becons heavler and harder to vay, and the only classes who have beucetited Ly dear moucy is the Shy- locks ‘Fhe New York Jouruals, under Shylock Iutluences, can pever bo got to sew o confess theso facts. 3 —— ‘There s one commubity in Illinols that docs not propose to have the Sabbath day violated, The Common Couacl of the Village of Spasta has passed au ordivance probibiting sny livery stable man from keeplog his place open on Sunday, or frow letting suy horse o vehicle on that day, under u Uoe of from §5 to $23and wosts, A travellug wsu reccutly having busl- ucss n the vidnity of that Puritanl village, wd wishing to atteud tu it on Buonday, was ehlizd to Mre Lis fz en Eaturday vghe | and send ft out of the corpotation Hmita tn or- fler tocscape the fine, In cnse of funerals on Hunday, o permit must be obtained from the Mayor or City Clerk before carringes can be ob- talned, Thoso conservative Bpartans would prabably open thelr eves {f they could coma to Chicago and sce brass bands parading the streets on Sunday, processions marching, plenles belng held, and several theatres dn full blast In the evening. * —— e — e The Cncinnatt Times, which 1s & frlend and supporter of Sccretary SHERMAN, speaks these scrlous words to him Iu regard to the mistaken course ho is pursuing on the siiver question, and tho peril fo which ho {s placing himself: 1f the Secretary of the Treasnry oceupiea Any of hirtime 1n feeling tho public palss hie musi bo awaro of tha widespread excitement creatod hy the Clearing-Touso_combination, and by the oftelal order which mada the Sub-Teeanury In New York 4 vatty thereto, 1lo should sec, fartiicr, that the reat poril of the hour in that the focs of specia phrutents wnay’ mask helr nurpose undor this honest ponular Indiuation ot the diserimination agalnst silver, and so nwell tho excltement that 1t ahall carry Congrers pat the Hmitsof nradence and mortally wound' tire woliey of resumption, The stgne u{ thisate alarminely anundant on all hands. Therois one ensy romedy, The Sccrae tary murt reetore conlidence by rovoking the ordet which requirea {ho Sub-Treasury in New Yatl to manko its balances In 1he Clearing.llouec ubjegt 10 the Iatter's discrimination againet sliver. ——— The arrival in the Dominion of the Marquis of Lonxe and his Royal wife brings to mind the fact that when the Queen admitted the Marquis within the circle of her own family as a suitor for the hand of Princess Louisa sho made an innovation on a courtly custom which required an nlliance for her children with some Hoyal house outslde of her own country. The lady had the courageto accept the suit and take a hushand from among her own peonte, aud her Ttoyal mather felt freo to upliold her daughter's cholee, Parllament did not objeet, and at the wedding the bride was glven nway by the Queen herscl, who, nfter the ceremony, klssed her dnughter with a matronly ‘warmth of aflfaction which was accepted by all present as unmistakae ble proof of the great ratification which the uulon afforded her Mojesty. e et— Prof. Youmans daes not believe that the prublem of adouting the electrie light forhouse- hold use Is any nearer solution now than it wus twents yenrs ngu, Mr. EvisoN to the contrary notwithstanding. ‘The difficulty, he says, arises frdm the foct that 1t cin onls be reallzed un- der an Intensity of action that becomes far too cxpenalve for common use, where only & small nmount of Hlumiuntion Is required.’ Scfentifle men are sometimes mistaken, and P'rof. You- MANS may be n regard to the clectric light. When it was flrst propored to send a steamshlp across the Atlantie Ocean certaln scientific mon gave it as their opinfon that it conid not be done, because, as they sald, no ship could carry coal enough., e e— The Manchester Guardian, of - recent date, tells the story of the divoree of Fronesce loss Cnenen, the novelist, and a daughter of Capt. MARTATT. ‘The appileation was on tho part of her husband,.Col. . Tiosas Toss Cuunett, on the ground of misconduct of his wife with o Col, Lman. It appeors that sho became acouninted with Col, Lrax, an oflleer of the arines, and cventually she wrote to her cldest daughter informing ber of her intention of liv- ng with him [LEAN]ns his wife. Thisintention she carried out, as was proved and not denjed on trial, and the Court granted the petitlon of her husband, ** Auother good womon gone wrong.” e — e The New York 1orid is sunning a free em- plogment and jutelligence office. [t has now been open five weeks, and durtog that time 2,45 servants and 1,170 employers have mado uso of t. Up to this thmo 820 employers hinve been provided with competent servants and 820 serv- ants have been put futo good places, Of this large number only fourteen servants huve ex- preseed dissatistaction with the places found for them nod twelve employers have complained of the scrvants cngaged by them. The work of the bureau is fucrcosing, aud from fiity to 200 lettera are reeelved dail?, e — In the Vaspzunint will cnso on Friday, ex- Gov. Ganpxei, of Vermont, testifled. Oncre- ort ruys: During his crosa-examination the witnesa da. tallca s puruwrnhll) transaction of the Commadare, He wald that the Cownodore and another Cantain agreed to each yut o1l the passencerahocould for the other, and_at the closo of the senson to divide tho profits, When the scason ended the Commodore ruld, **The othicr;Captaln didn't show any auzlety for a rettloment, and meeting him ubon the wharf oy {lu , *Ain't 1t about 1imo to soltle up?' ‘ell,” anfd he, *how tuuch did you taker' fow much did you take?' vaid I, *How much ald you taks}' sald hio, ++ 41{ow niued did you take!* said 12 ‘nnd ns wo neither-of us wodld tell tho other wo nover came to [y n‘l”nmvm, and that ended my frst and last part- nenibip,'" e — e ‘The New York Iorld {s moved to remark that “The indictment of Mr. 1Ly, SBupervising Architeet of the Treasury, and other persons, fucluding Mr. BiLi's predecessor, Mr. POTTER, tor frauds In counection with the Governmont bullding Yo Chiczgo, has o serious appearance at first. But when it {s noted that thelo- dictment comes from u Federal Grand Jury fn Chlcago . .+ . it has tho appearance of an- other step in the effort to get Mr, HiLt out and some Chicago man fn, whichh Mr, IAYES has al- ready declined to promote. In this aspect it does uot look crious." ——— e Bays a Western exchang Eastern people smite and talk as sweetly as the toue of silver bells about puttivg more wetal in the standard dollar, just to ‘equalize’ It, you koow. But tucy say never a ward about takings some of the rold out of the rold dollar to accomplish tho saino purpose. If equalization s the object, why not try this lacter method fustead of the formert” s e Senator Lawan, of Misstsstopl, declares that the Bouth would support cither BAYARD oF TrurMAx for President **with enthusiasm and confidence.” In many parts ‘of the Suuth the Qreenback lunucy has selzod upon many miuds, and for that reagon TUURMAXN i8 the favorite, Davarp would undoubtedly be the cholee of the hard-mouey portion of the Dgmocratle party. —————— The unvelling of the statue of IlvanoLnt fn 8t. Louis on Sundsy was attended with appro- priate veremonies. That city Has now luvested In the etatues of three great men—NIAKSPEARR, HusgoLut, oud Besrox, The mext statue will probobly be tu inumortalize tho great und goud moral roformer who Invented the method of applying fresh butter to watermelons, hidetela i sdaivet ol ‘The New York IVorldia moved to say that Tug Cnicago Trisuxg disciplines tho Seere- tary of Btstescvorely, yvtnut we think un- Justly, for bis strangely inadequate treatment of the grave issuca raised by the Halifax awerd.” It isalsoof the oplalonthat when Congress assembles nsharp acconnt will bo exacted of hiw for bis stowardanlp Ju this watter, Pistols and coffce for two, Tho ilot Bprings Teeyraph relers to its contemporary fu this poluted mauner: I the city cditor of the Sentinel fecls paurleved ot our honest ‘talk, we can be found on the boulevard—ready for the transaction of important business.” e —— = When Hexey M. S7asuey delivered his fecture fn Cambridge some of tho students bo- uaved so badly that he declared that he had heard pothing that so remiuded bloy of the io- terior of Africa. e —a— e “The §t. Louls Globs-Dainucrat says of tho man- agers of its great rival, the Hepublican, that “hell 1s walting for them.” ‘The Republican fellows want to hire a substitute to represcot tuens at thut potn or of Tha Tribune. Nov., 2L-—-Where or how 14 the best ang » placo to [nvest $200 or §300, Anawer iu Pux SuxuaY TriBrss sad ovligy, OLp REapER Government bonds, e — Tue Brooklyu Eugle bas & leaderon ful Fiuuds.” 1t 1s ceediess to say that ¢ Lu relercuce to BpuvzL J. TiLbey, " Buccess- bLes ,Lrouglit to compel the Confidence in the Enti WASIHINGTON. te Succesg of the Treasury Resump. tion Plan. The Coin-Supply Believéd quate to Meot All mands, W’ Be Ada Da. ¢ A Democrats Plotting to Dofeat the Paunishment of Southern Election Frauds, William B, Thompson, of New York, Ap. poiuted Buperintendont of the Rail. way Postal Sorvice, RESUMPTION, THN TREAAURY PROARAMME. Spactal Pispated 1o The Tribune, Wasurxoeroy, D. C., Nov. 23.~Tierocertalnly will be no tronble for the business community outsiile of Now York to obtain all tho slver they want for custums purposes. Arrangementsy will be made to furaish silver dollars to anvhody through the tints free of cost of transporta- tion. Thoy ean be obtained at nny Sub-Treasury or Uovernment depomtory. Bliver ee ticates can also be obtalned, and ereenbacks Will bo re. cefvedd for custons, 50 that the Government wiit naintali all dollars at por throughout the voun- try. Besides, sata a Treasury oflictal, the coin neceesities of the Government far resamption PUrposcs aro Lot as great as they erce gencraily supposed, There arenow nominallyoutstanding £146,600,000 greenbacks, ‘To mecet this the Goy. crament has fn its vaults of voln absolutely avalinble, dedv~ting ail dues to vrivate parties, $140,000,000. There nro also under control of the Government nt its depositories, which can- not e presented for redemnption, about $1),. 000,000 greenbacks. Thoe smallest cstimate of tho amount of will not he greenbacks nresented 18 lost and 820,000,000, making 2 total of 280,000,000. This leaves the total sum to be provided for, not already covered by the Government, 886,000.000 in greenbneks, There fs no_probabllity thut tue F110.000,000 coin_ on hand will be exbusted, weh less that there will ha any neceswity to provide for the §36,000,000 coin ln tho Freasnry, not now covered by Supporo that every in- habitant In the Unfled States for his own e retaing 82 Jegal tonder, that wonld prevent any deinands heing mude upon the Treasury for the remaining $30,000,000. Asthe day for resumption approaches, tha ‘Treasury ofliclals who know most about the subject “apvear to have fncreased conlideucs in the ability of the Governmcut to resume, VAIL’S S8UCCESSOR. THE NEW OUNRIAL BUPERINTENDEST OF Tum RALLWAY MAIL BERVICE, Spectal Dispateh to The Tribune. ‘Wasmixotox, D, C,, Nov. 25.~—Theodore N. Vall, who for some vears has been General Buperlutendent of the Raflway Mail Service, to- day tendercd his resignatfon, ond the Post. master General fmmediately annonteed the ap- pointment of Wiltinm B, Thompson, recently Superlutendent of the vislon of the Postsl Rallway Lake Bhora Bervice, i The latter reslzns his position to take the plucy of genaral manager of the Bell Telephone Coin- pany, with headquarters tn New York Clty.a posiiion whieh lia had arranged to accepl about a year ago. ‘The Company expeets to extend ity operations throughout every city in the Union, and considered that the exeentive abllity which Vuil developed in Tostal Railway Servico would be fuvaluable In tho organization of thus new ounterprisc. Vall has been In tho rallway service sinco 1800, Judge Key handed to Vuil a sutozraph letter, THOMPEON, Upon leaving bis ofica complimentary tho new Superintendent, has had long connees tlon with thie Postal Rallway Service, and has ot- trncted attention to himself nnd scettred the place on account of his knowledge of the scrv- Iles and cxecutlve ability, He Route Agent in 181)in Michigan, was appolnted 800N pronuteit to Cniof Clerk, and soon alter Superlotendent of his division, It has Dhappened that for manv years tho Lake Shoro routa was the funneP through whica nearly all the malls fromn the East to the West aud Southiwest passed, and Thompeon for this reason has liad an unusual amount of respoust- bility, The lats George Bavgs BPLCIALLY RELIED UFON HIN, | particularly ju the eacly davi of the Postal Rall- way Service, when difllculiles surrounded tho uew enterpri e. It had enemiles i cvery quar- ter. Intho ten yeors of ‘Thompson's service he has never recolved nu ofliclal censure, sou {s understood to have been speciully re mended for tno position by tho ‘Thomp it retiring Supts all, Lovelt, Chict Clerk of the servics between New York ond Pittsburg, will succeed Tuomo- sou as Buperintendent, with beadquarters ab Cleveland, ‘Tne position of the new Superintendont will not be an easv ong. Troublu wi th ruilroads s fmpending unless Covgross come o thy rollef. T YRIENDS OF CAPT. WHITR, Superintendent ot Chicago, will of courss be surprised uud disappointed that be has not been promoted tothe pluce for which Lo wasso strongly recommended, It can only be saud that such stroue political indorsements huve sci- dowm been prosented hers for ol ny persou, und thut White's prumotion was recelved with favor by the outhorities, Tle chulee of Thompson appeurs, however, to have been wade by Poste miaster-tivacral Kovmouthis before the juteaded reslgnation of Vallwas mads known, and tue Vostmaster-Genersl bas not cliosen to change s mind, votwithstandivg the testimony be ln favor of White. INSUPPICL There is u delle! APPROPRIATIONS. v of $1W,00 for the cur- rent fseal yeur in the avprovriations for the rutlway mall sorvice, owlng to the foadequate appropristivns by Congreas Postmaster-ticnieral vy suys thut uilces Congress, spocdily mects the deficlency it will b necessury 1o withdrav part 1€ vot gl railwey postul seevice, und to catso the wails 1o lay over a day or two ut the Tost-Oltices 1o be redistributed. enuse usleluy of oneor two days between the East and Weat furall matter, This would Tudecd, there is no appropriation for the clerkis for that aer vice, S80UTII AMERL CA. POSTAL AXD COMMEUCIAL INFORMATION. Special Dispater to The Tridune. Wasiunaroy, . C., Nov, 25,—~The Secretary of Ktalo and Postmaster-Oeneral each recelved long reports to-doy from J, W, Fralich, sent v tho autunn of 1477 to tho Central and South American Btates to induce them to cnter the postal unlon, and to repurt upon aud movement of foternal and merca of thoso countries. Tho the conditluy external conl- roport to the Postmaster Geueral 19 confined chlefly fo postal matters, That to the Seeretary of state relates in tho matu to the commercial brauch of the fuvestigation, Tho report upon postal affuire Is of great Inicrest to sl ested directly or fndircetly intereaurse with these countricss talns detalled . juformation clasges loter- {u improving 1t con o pegard todelays fu wall communleation, and the prod- pocts which oxist In each cass foran linprove ment of the service. Nearly all dtatea of Bouth America either the princival bave given, of suon will give, notice of their sgrectnent to the Berne found poatat faciitics with the tal treaty, Al thesc Btates werd J’&‘«mu. of nereasing commerelal snd United Statcs, aud some were growing restive under the forvigs monopolies which now exist, The rcimn ta Bearetary Evarts Informat] methods of conducting internal gives valuable ou bitherto diilicult 80 ebtaln, of the comucree gnd tho mcans by which thu werchauts of other uatlous had goued sostrong Houthern Amcrivan cotnucrce, ahold of tus ‘The two re ports will be scat to Congress st an carly duye SUPREME COU RT. DECIAONS ANNOUNCKD. Wasutxatox, D. C., Nov. 25.—The followlng Bupreme Cuurt decislons are announced: No. 47. Becond National Bank of St. Louls. phalutif {n error, agaluss the Grand Lodge Suae of Missouri Free and Accepted Masous. In ereot t0 thy Crseutt Court of Lo United States fortus Eastern Dbstrict of Sissourd. of dlissowsi 40 pay tke coupous “This sult wis Graud Lodge of the Stais of cctelu Ma