Chicago Daily Tribune Newspaper, December 9, 1878, Page 4

Thye Tribwe, I'ERMS OF SURSCRIPTION. Y MAN—~I¥ ADV;);rE—TMTAfl' PREPAID. elly Rdtiion, one year, $12.! I y Editls LAterary s £ Eaturday Edition, (velve pacea WEEKLY EDITION, $:50 00 U cORY. DT g Cluh ot fon! 30 o l;.?I\l bpectinen coples sent free. Glve Pust-Gffice aidresa fn fall, inclnding Etate and Comnty. Remittances may be made clther by draft, express, Tont-Oftice unler, of In reglstered letter, &t our Hsk. TERMS TO CITY SURACRIDRRS. Tafly, delivered, Eunday excepted, 23cents per werk, Dally, delivered, Bundny lncinded, 50 centa ner week. Addicrs THE THIDUNE COMPANT, Corner Mndison and Denrboru-sia., Chicaco, 1H. Onders fur the delivery of Ttk TRIDUSE 8t Eyanston, Englewood, and ityde I'ark teft fn the counting-room willrecelve prompt attention. TRIBUNE FFICHS, Tne CHicacn TRIRTSE hilshed branch ofiices ar the recelpt of subscriptions and advertisements s ellows: KEW YORR—TRoom 29 Trioune Bultding. F.T.Mc- ADDRY, Manager, ? TARIY, France~No. 16 Roe de1a Grange-Batellere. A merican Exchange, 449 Bteand. gent. - Col. ~Palace Hotol P Lo delal Ly AMUSEMENTS. 150 McVieker's Thentre, Maditon strcet, between Deatborn snd State. Double Life.” Tinverly’s Thentre, Tiearborn street, corner of Mourve, Engagement of the Unlon Bquare Combany, **Mother snd Son." up Ileniry’s Thentre. Randoleh street, beiween Clark and La Ea. gagemens of EMe Lilsier, **A llerolne in o Academy of Masie, Tialated strect, between Modlson and Mosroe. Va- tlety entertsfument. - amlin's Theatre, Clark street, oppouite the Conrt-Houss, Engagement of 8am Devere. **Jasper.' Metropolitan Thentre, Clark strect, opposita Sherman Howe, Varloty en- tertalument. Art. No. 63 Washinzton street. Lonn Exhibltion of the Chicago Socloty of Decorative Art, Day and ovenlng. e MONDAY, DECEMBER 0, 1878, In New York on Saturdny greenbacks wers steady at 991 L Count Axpraxst has had the satisfaotion of receiving the sanction of tho Anstrian Delegation for the Ministerial cstimato for oceupation exponses next yonr, The Budget Commtteo hind cut it down to 15,000,000 florins, but the Delogation possed it at 20,000,000, N The carly retiremont of Attornoy-General Devess from the Cnbinet is confidently predicted. Ho is ssid to desire, and the President to bo disposed to gmve him, the Unitsd States Cireuit Judgeship of the Maino Cirenit, mnde vacant by the death of Judge Sutrr. The cigar-makers of Chicago yesterday held a meoting and indorsed the resolutions recently pnssed in New York nud Brooklyn protesting ogainst the systom of manu- fucturing cigars in tenement-honses, and ealling upon tha Commissioner of Internal Revenuo to remoave the evil withont delay. A mmor is eabled to tho cffect that the British advance upon Jelalabad has been ordered to taka placo at once, and that the Ameer, appalled at the disaster and demoral- ization that have been prodnced among his forces, and having no notion of being taken prisoner in Cabul, has fled to Turkestan, ——— ‘Tho mild aud delightful snow-storm which gently obtruded itsclf upon public notice in Chicago lins beon quito gonoral and profuso in ita visitations throughont the Western country, In Northern Illinois the snow- full wan of greater duration than here, con- tinuiug thirteen honrs, and as the ronds wero in tho finest posaible condition for its recep- tion, o season of enjoyalle sleighing is as. sured, ‘The squad of experts who hold the relation of emmp-followers to Groven's army of iuvestigation nre extremely nnxious to be sent on a (reebooting expedition into the Treasury Deparimont, aud to skirmish around thero at will until thoy strike some- thing which will afford n pretext for ox- tended cxmminstion, Scerolary Buemsan very naturally objects to having tho Do partment ransacked on gencral principles, nnd will, it is said, avall himself of the right to refuse to mdnut Groven's guerrilias until somo specific object of senrch hus been designated and the proper antbor- ity hos been voted by the Honse. Iiisto the iuterest of this seedy gang of experls to get assigned to n fishing excursion which will keep them employed at fat wagos all winter, and which will ond, like all of Groven's monsings, in tho developmout of nothing bLut bills for services. Becrotary Buceyay is not bound to subwit to any such ponsemo. . Anather caso of uplimited lubility of sharcholders arises in connection with tha disastrous failure of the West of England nud Bouth Wales District Bank, with ity forty-two branches. The Directors; in their circulur anuouncing the suspension, claha that the bauk f{s solvent, but - an cxamination of tho auscts affords littlo gronud for hopo that thuy can ba made to covor moro thuu o small proportion of the labilitivs, which nmount to $17,500,000, leaving tho balance, as in the case of the City of (ilasgow Dank, to be made good out of the pockets of the sharcholders, 'The true test of solvency has alrondy been made, aud tho enforced susponsion i the result, The assets, although cqual in face value to tho liubilities, consistin local bills not negotiable at the Bank of Eugland, aud tho wreck of nany fortunos by the failure will still further decreaso thele ultimate vulue, so that the collapse will probably prove to ba sy completo as the average of such affuins, e A variety of intercstiug subjeots ia em. bruced in the collection of scrmons which we print this morning. Prof. Swixa preached of Home asd Its Intluences; Rourer CoLpves gave his iden of the mean. jug of the chief commandment, * to love Gup"; snd the Rev, J. Muvno (itpsox con. unued st Farwoll Hall bis iustructive discourse upon Old Tudtament history, At the Cathedrul of 88, Peter and Poul o nuwber of the Protestant Episcopal clergy- men of tho city united iu au sddress to BisLop McLaney expressive of their attach. went to him aud their covgratulations un the third snniversary of his consecration us Uishop of [livois. Grace M, E. Church, oue of the largest nud wost flourishing cou- gregatious in the cily, yesterday celebruted the auviversary of dedicstion. The Rov. Brewrrr C. Tarsaoe dished up in Neg York wrotler of his pulpit acasations, this time THE CMICAGO 10 n notably-decrensed attendance, showing that this eandidate for notoriety is beginning to be appreciated at his tras worth. At Springfield, TIL., Kt. Joseph's Catholle Church was formally dedieated. From St. Lonis annonncement i3 made of an important railrond coneolidation, bringing tinder ono management 1,600 miles of road tributary to Chicngo. The lines in queation ars those of the Chicago & Alton and tho 8t. Touis, Kansas City & Ghieago, and the com- plation of a road which will give the latter n connection with Omaha is all that delays tho consummalion of the plan. The prospectivo dovelopment of what has been termed tha Wabash scheme,” which contemplates the consolidation of the Missouri Pacific and the ‘Toledo, Wabnsh & Western, with a Chicago connection for the Jatter, threatened serions. 1y to encronch upon the Sonthwostern busi- nosa of tha Chicago & Alton, and tho coali- tion just porfectad Wwas a necessity which tho latter road was quick to perceive and prompt to act upon. NECESBITY FOR SILVER MUNEY. The mdvocates of a mngle gold standard ought to do something mwore than gabble about an ¢ honest dollar,” They ought to rise to the dignity of a falr discnssion ef the' queation, **Is the single standard or the donble standard proferable?” Thoy ought also to nccept the logic of their position. In other words, they cught to admit that if it is a good thing to demonatizo silver in the United States, it s a good thing to demone- tizo it everywhere. This is tho logic of their position, snd it leads diraotly to the con- clusion that it wonld be a good thing to re- duco the money supply of the world by one- half. Would it be a good thing? Enwst Scvp estimates that the stock of gold and silver now current ns coin or existing as Pulllon is 6,750 millionx of dollars, of which 5,250 millions is in silver. Would it be s good ¢hing to banish silver from the world's coinags, requiring gold in the fatars to per- form the monetary service hitherto performod by gold and silver? This question may be resolved into anothor form: Has tho world too much motallic money ? If it has too much, or even onongh, why is resort had to paper substitutes. A very careful estimnate of the volume of paper money in existence in Eorope placea it at over 2,000 millions of dollars, or an addition of fully 30 per cent to tho whols volume of the metallic money (gold aud silver) of tho world. It may bo said, howover, that this enormous paper ro- inforcement of metallic monoy represonts in- flation. and that Russis, whoso finances are in 0 most wretched condition, hnas the larger share of it, It is true thnt Russia has the largest share, say 800 mnllions of dollars; but France has tho next largost, say 450 millions, And it canuot bo eaid of France that her finances aro in a bad condition. Tho question recurs, If there is too much motallio monoy in existence, why tho seem- ing nccessity for the emission of such vast Issues of paper subsatitutes by the old nations of Europe? Even conservative, gold-stand- ard England floats 76 millions of dollars on the security of consols, and, whenover a pania comes, throngh nn “order in council,” the Bank emits notes withont security, till the void created by the overflow of gold is filled. Lot us put the question in another form, Qiven n monoy possessing intringic value of o high onler, ns gold and silver, which condnees most powerfully to substan- tinl prosperity, scarcity, or abuudance ? ‘The non-cxistence of money involves the nocessity of the exchango of thing for thing, thronghont the entire range of commoditios; that ia to sny, nmversal barter, It is unnce- cssary to even atate tho disadvantnges of. such a system,—thoy are solf-cvident ; ond it is sufficlent to say that they constituto an in- suporablo bar to progress and consequently to n high degreo of civilization. Henco monoy, o common mstrument of exchange, was dovised, and honco the axiom: ** Money {a thie moro requisite the moro clvilized a na- tion i, nnd tho further it has carried tho di- vision of labor™; or, id otlior words: * The utility of money is intense in the compound ratio of tho division of labor and the variety of individual consumption.” The moro statement of this axtomatic fact nmounts to n demonstration of the trath of the proposi- tion that, upon the condition stated,—intrin- sic value of n high onler,—an abmadance, not n scarcity, of money is conducive to substantial prosperity. For it will not be denied that division of labor and variety of fudividunl consumption obtain to a very high degree in modern times, snd theso are declared to ba tho conditions under which tha utility of money is intenso; snd it follows that nearcity of the thing required by everybody, aud for which there is conse. ‘ quontly a constunt and large domand, must causo universal ombarrassment to trade and commerce, and so impede the wheels of progress, * ‘I'ho rationalo of this view of tho advan- tages of an abundanca of sound money is conclusive, - But, fortunately, we are not compelled to rest wholly upon theosy, His- tory confirms the proposition. Ina discus. ufon of this sort thoro s no higher authority than Bir AncursaLp Ansox. We canuot do better than (uote at length from lis * His- tory of Rurope.” 1l snys: The two greates®. events which have occurred in tho history of munkind bave been directly broughit apout by & successivo contraction and expansiou of tho circnlating wedium of soclery, "hu fall of the Bowan Kmnire, 60 long ascribed In izuorance to sluvery, Licalbenlam, sud moral curruption, w: in reality brongnt about by s decline In Lh sud gold mine us 1f Provi cloarest munner the infucr.ce of thiv mughity agent on hwmon, Aitry, the resursechon of wankd from the rilin Which theee causen had produced wus uwing to the dircctly obvuaitu set of agencles being put e operativn, ‘Cotvxics led ihe way in the carecr of renovationi whew he spread his sails acruws the Atlatle, ho bore waunkind und b fortunes $u bis Lark, + , . The annual supply of the precious metals for the use of (he globu was iripledt; before u ceutury had explrod the pricos of avery spucies of produce were qundrupled; The welkht of debt and tazes insenslbly wory oif under the inducnce of that prodigigoa increase; fu tho renovations of inuustry the relativns of wocier Wero clmnged: the Weist of Teudallein cast Gifs the righta of man establisned. Awong the many concurring causes which cousplred to bring about this wl, M{. consummativy, tho most fmportant, though hitherto-the least obscrved, was thu dis- covary of Mexico sud Peru, Avisox also attribates tho * griovous dis- tress * which prevailed throughout Europe, and especially in Englaud, during the period 1815-1849, to ‘¢ the simultancous coutraction of tho monetary circulation of the globe, 1rdM tho effects of the Bouth American revo- lution and of tho paper civculation of Greut Britain,* He says, writing in 18523 Af the circulating nivdium of the mlobe had re- mained statlouary, or declining, 0 it was from 1815 10 LAID. frow the efccls of South Auserican revolution sud Euglisd leztalation, the necessary sesult muet have ceeu that it wonld Bave become alwgeter fnadequato to the Wants of meu; aud nut ouly wollld fudustry been srerywhero cramped, but the prics of produco would have universally aud coustautly failew Moucy would evecy duy have become more valualle--ull other asticles wieaaured fn moncy, 1ess s0; debls and taxes would Lave been coustantly bucrearing in weight snd op- vression: tbe fate which craskea Rome bu anclent, aud bas ali but crushied Great Britatn bu wodorn, e would bave been that of the whole fawily of wankind. But ho adds: Al thewe evils have beeu the vpposlie et of bicws opening of $he great seacey i rally, sedeine. Valil eptlraly obviated, and i3 iutroduced, by the Treusused of nature in Three years Hold was diion - Al waly ered hy Anclo-Saxon enterprisc, and the annoal auply has come to excem! L05, 10,000, Conpled with the mines of Australis and the Aral Monn. tatns, it Wil soon ecced thirty, perhaps reach forty, millluna! Witness his prediction: Refora halt o centory has elapeed prices of every artiele_of commerce will be ‘irfpled, entetpriee proportionally encouraged, fndnstey vivined, devts and taxes lessened, Of the historio fact that the decline of the Roman Empite followed the decline of the gold and silver monoys of Spain and Groedo there ta no donbt, ** We may safely con- clude,” says Mr. Jacon in his * Inquiry into the Precions Metals," ** that, after tho third or fourth contury, the labor of extracting the precious metals had gradunlly diminished within the limits of tho Roman Empiro; and that from the fifth centory . . . it had sltogethor censed. From that timo till the discovery of America there was a groat denrth of money.” Of the great value of monoy As & mensure of the valno of commod= ities Mr. Jacom gives numerons illustra- tions. Of these one will snfleo: King Hexnr VI, boing heid a prisoncr by Enwanp IV, (1470), thera was, nllowed for Lho sub- sistouco of himsolf and his suite of ten persons £3 103 per woek, or 21.00 per week for each person. Choap board for Royalty ! It will be well for tho advooates of an exclnsivo gold otandard, which involves the necessity for the destruction of one-half the money now in existence, to demonstrato the fallacy of Sir Arcmmsard Avison's theory before thoy proceed further in their carcer of silver demonetization. A NEW CARDIDATE FOR THE BULCGA- RIAN THRONE. "Tho timo is rapidly approaching when, nnder the provisions of tho Treaty of Berlin, n Princo must be chosen to rule over the now Buigaria. Alrendy soveral petly rulers out of business with unprononnceable names onding in **ovovic,” ‘““insky,” **lowsky,” % awsky,” and ** vwjj,” havo been suggested aud are wire-working to gain the prize, Among them all, howaver, thore is not one name so high ou the scroll of famo as that of Urvsses 8. Grast, who hos been recently suggested by his friend Crirps, of tho Phila. delphin Ledger, with au eloquenco as tonch- ing os that which charactorizes the elegincs aud threnodios of his obituary column. The Sclavic Princes of Southeastern En- ropo with unprononuceable names can only Iny the solitary claim to the office of having nothing elso to do, Upon this ground Geu, GRANT can predont equally significant quali- fieations. Ha has nothing to do, and Las boon wandering sil over the world for more than a yenr waiting for something to tarn up. o is the most prominent idler in the world, und would probably accept any respectablo. employment that would yield him an honest living. In tho next place, Gen. Grast has hnd tho advantage of extended travel, which al- wayn tends to cosmopolize a man, and, if it0 binve oven ordinary powers of obsor- vation, increnses his stock of knowl- edge, cnlorges and liberalizes his viows, and removes tho narrow prejudices which coutintous residence in ono country is spt to ongonder. I has dined with Queen Victora and been out nights with Aunear Epwanp; kissed tho Blarnoy Stene sud drank of the mountaln dew with bare-legged Highlandera; hobunob- bed wilh Bourbons aud Bonapartists and stretchied his legs under the Republican ma- hogany of MacdMamoN and (AMpETTA; rchoapped and smoked with the Iiellanders and the descendnnts of ‘Tmon and Op1x; lit his cigar in the Alhambra, kissed Br. PETER'S too, and driven down the Corso; danced to the music of Btnavsa in tho gardens of tho Blue Danubo; gripped the tough fiat of Fazpenicx Wisnzeny, showed the Crown Prince a, thing or two in fighting, and cou- fronted that other grim soldier-statesman, Bisaanck; taught the Swiss how to protect their ballot-boxes; congratnlated the Czar on his gallant fight and smoked in silent sympathy with the Sultan; climbed the Pyramids, and fonnd o long-lost sister in the Sphinx, nud is now off to Asin for n cruisa among tho Celestials, Unliko his namesake, Lo bas escaped the Sirous and been received with distingnished honors in uvery Conrt in Europe. The favornblo 1m- pression which ho lns made upon Princes and Premiers, and the universal warmth of his recoption in Court circles, go to show that his appointment would be received with aatisfaction by the Powers directly interested in tho fata of the now Principality, The experioncowhich Gou, Guaxt has had at home in tho matter of reconatrnution would aid Lim in hix dutics as Princo of Bul. garia. 1Ie not only conduoted a much great. er atrugglo than the Turko.Russian wartoa auocesaful jsane, but he sbowed pronounced political abllity iu bringing order out of clinog in thirtcon States, and restoring tho operation of their political, soclal, and com. mereinl annchinery, wherens In “Eastern Europe lie will hnve but ono Btate to fix up, In bin work of reconstruction in this country ho was hampered on overy band, not only by membors of his own party but by the whole Bouth and their Copperhead auxiliaries in the North, If, with snch embarrassments and hindrnuces, he coald pccomplish so much, what wmight Lie not do in o Siato where any oppo- sition to his policy could be effectually frns- trated at ouco Ly the application of the Lawstring or the knout, aud wherothe people i the aggregate are of so little account that tho massacro of a fow thousand of them makes no speclal excitoment fu the rest of tho world? After onco introducing tho most improved form of the ballot-box, any littly opposition on the purt of tho Paslias to fta use, or any atteiapt on their part to ot up a Bulgarian Tammany, or to imitate the Houth Carolina tissue-paper plan of votiug, would be speedily put down with a fow regiments, 'The annexation polioy is the crowning de- sideratum in that part of the world, Aunex. ation aud consolidation aro just what they noed,there. Austria having taken the lion's share of the plunder, the remaining frag- monta are not sufficient of themaelves to wmake respectable Btutes. Gep. Guaxt would seo this at once, and,instead of having nbout him & lot of petty provinces, dissatisfied with themsolves and cvorythivg olso, incapa- blo of makiug progress, and too fueble to accowplish any taterial good, would speed- ily incorporate Rouwsuia, Sorvis, Monte. negro, Roumels, ‘Ihedsaly, Epirus, Greece, sod Albania into ons great State, and bupdls the Bultan into the Bosphorus if ho mado any objection. Iu accomplishing this grent cousolidution, Gon, Guayt's fight- ing quplities would stand bim fa good stead. A good fighter would be more feared and ad- mired in Bulgsris than the most adroit or coursgeous statesiuan, Instesd of having a lot of timid deer to deal with, the Bashi.Ba. zouks and other Eastern rufiians would find a tiger in their path, and, alter oue or two encounters with him, thoy would kuep out of his way, It might be urged s sgainst tho Gueneral {hat he canuot speak Bulgariau, Russian, or auy of the other languages of Listern Europr. This diticulty, bowever, ,As wo bave ropeatedly pointed out, thisis n L DINT:s MONDAY. DECEMEER 9, 1878, oane bo ensiiy suronnted. In all grave nit- untions Btawarck spenka (lermnu, and {f those with whom he is dealing ennnot un. derstand it so much the worse for {hem, In similar situntions, (iraxt conld apeak En- glish, and if it was not underatood that wonld not ho & matter of his concern, Tt would bo tntortunate for those about him, buthe would not he rosponsible for their ignorance of En. glish. In all respects, Gen, Graxris the man for the placo, and, ns ngainst Prince Grorozs- witon I'sTRALOYSRY or any other barbarian, Tne Tamue is glad to indorse the Philndel. phin Ledger in its ndvocacy of the Genoral. [roaiadithds Sy THE NEW ORLBATN‘SO NBUB!XDY CONVEN- The procoedings of the New'Orloans Snub- sidy Convention furnish some notion of what the * Solid South” will do it it shall obtain conlrol of the Government purso’ with the aid of Northern donghfaces, ‘That Conven. tion wns held to give cxpression to éertnin subsldy achemes tiiat did not find hearty and ananimons approval from the Ohieago Con- vention, whiok had been called, apd sup. posed nncked, for the same purpbse, In New Orleans, however, the Sonthorn olemont and the subsidy-begging elemont had full swing, There was scaroaly a solf-appointed dologata who ranked under n Colonel, and the titles wers all held by warrant of thoe ex- Confederate confipiracy. Tho ex-Confederato Prosidont was thero fn person, and was vociferomily welcomed by reason of his ox- rank and ex-associations. We do not think therc is any roasou to doubt that the Con- vention fairly reprosented the sentiments of the Bouthorn tax-grabbers, and it jnst as certainly foreshadowed tha snbsidy legislation that will be passed so soon as the ex.Con- federntes can dictato terms by controlling the cavous of a majority party, It only needs 8 Domoeratio donghface President and A Democratic Confederato majority in both Honses to earyy ontall the tax-devounring projects, or at least to enter upon all tho tax- squandering projocts, urged by the New Or- leans tax.grabbars' Convention, The Toxas & Paciflo. Raiflrond subsidy scheme naturally received tho first consid. eration at the hands of the Convention, be- causa it haa alroady tnadoe more progress than any of tho others, and because it has frisnds nnd promoters at the North who will nasist iu getting it through Congress without wait- ing for a Democratic majority in both Houses. The old reason, no less false be- canso of its age, was cited for urging this particulnr subsidy s a * matter of justico to tho South,” viz.: That the **South” 18 as much onlitled to the profils of n contract to build o railrond at Government expense as tho North wns dunng the Rebellion War, This argnment mssumes - the Unfon and Contral Pacific Railway to be a “ Northern " road, while it was no- toriously designed to be, and goographically iu, a central artery, which is used equally by the North, South, East, and West, ‘Thore is a Northern Pacific Road partially construct- ed, just as thero is a Southern Pacific Rail- way partly built, Tho completed rond runs about equi-distant betweon them. 1t is curi- ons nobody thought of this who spoke at the New Orlenns Subsidy Convention, The New Orlonns Convention, indesd, nd- mitted the fallacy of this reasoning by rec. ommending in a hypoeritical way that Con- gress shall not (nke anything. from the Northern Pacific project which it already en- joys. But, whilo thus intimating that the Northern Pacifio ought to bo content withits original land-grant (os it is), o huge subsidy is demonded for the Tox Bcorr Sonthern Pacific in the shapo of & Government gnar- antee on forty millions of bonds. The fact was likowiso ignored thot tho Honthern Cali- fornia Company is rapldly pushing its way enatward on the lino of the Texas & Paciflc, and that the Atchison, Topeka & Bantn Fo CQompavy, backed by privata capital, is equal- 1y energotic in pushing southwestward down through Now Moxico at tlus time, Dut a complation of the new Pacifia road Ly pri- valo eapital is not what the Southern sub- sidy-hunters want; thoy desire another “ Credit-Mobilior " for their spocial benefit, with tons of willions of clear profit. The Mississippt hngo embaokment schema naturally recofved the samoe enthnsiastic sup- port, and for the same resson, viz.: plunder, project for the expendituro of uuestimated millions with tho doublo pretenss of improv. ing navigation sud rescuing swamp-lands of privato individoals by a system of levees more clabordto and costly than the Iolland dyke systom. It is seriously doubted by honest aud scientific men whether tho em. bankmient of the ontire river on both sides would accomplish the purposo, and it is o ¥iolation of tho principles of our Govern. ment that the entire country should contrib. ute in taxes to the improvement of privato landa in onc section., But the schemo is urged in spite of its oxperimental character, and in spite of its being an infuatico to the taxpayers of tho wholo country to cou. tribute to the local advantage of Louisiana and Misslasippl. Capt. Cowpe's intelligont plan for relioving the Mississippi River from floods, which hos been sufficiently teated to prove its ctficacy, was ignored altogothier by the Now Orloans subsidy-grabbers' Conven. tiou, We printthis morning an interview with Capt. Cowney, which was published fu the Ciucinnatl Commercial a day or two ago, snd which sets forth tho philosophy of his plan and jta perfect succcas so far as it bas been tried. ‘Tho theory Is to aid Naturo by furnishing an easy escape for the flood waters through natural outlets, The Bounut Curro outlet into Lako Pontchartraln, a fow ilos above New Orleans, las lowered tho avorage high-water mark four to six feet at New Orlenus, and nine feet and three inchos ot Vicksburg, This expericnce warrauts the opening of the old outlot into Lake Borgue below New Orleans, and still others above New Orleans aloug the lino of the river, if more Lo neceasary. lut Capt, Cow- vEN'S plan costs comparatively nothing; it con be thorougbly tested by the expenditure of a few thofwand dollars, and carriod out, it found to bo a perfect reuedy, by the exponditure of a “comparalively small suw, Bat this prospect does not auswer the subsidy-bunters; thoy want bundreds of millions of the people’s taxes to futten ou without regard to the ultimate success or failure of the plan that will furuish them wilh the deaired opportunities for plunder. Oune would think that, In laying out thess two programines for the expenditurs of countless willious of Government wmouey, the upssurauce of the Houthern subsidy- grabbers would hiave buen vxhaustad ; not so, however, for the subsidy appetito grows by what it foeds on, louce a day's pro- ceedings in tho New Orlcans Couveatlon wero dovoted to the project of es- tablishing st QGovermmment cxpense, uu- der the thin protenss of moil-servico, steamship lines between this country and Rio Jopviro in Brazil, Buenos Ayres in the Argentino Repullic, and Aspigwall in Cen- tral Awerica. To fubber this project the Ladlers jaupGse Lo throw ‘and’of My, Jony Heuon, nothing! n Rop to the protectionists of the North, for their resolutions oxpress tha ambition that the commerco of the United States shall bo carried **in vesscls ontirely owned, built, and There conld searely be n moro striking instance of how jndgment or conviction enn ba warped and distorted by selfish intercst than this converainn of the Southorn people, naturally and historieally freo-tradors, into scheming protectionists by tha prospeot of & hugo registered in tho United States,” grab. "Thera fa jnst one common basis for all theso schemes, The Bouthern people made losses by thele own foily in precipitating the ‘War of the Robollion, and they desire o ro- coup at {he expenre of the more prosperous peopla of tho North, Enst, and West. Thoy long for an ern of Credit-Mobillers, Govern- mont subsidics, apd constrnction contraets, They havo nothing to lose and everything to gain. They want to dance, but demand that the rest of the country shall pay tho fiddler. . FOREION COMMERCTAL) RELATIONS, Tho Presidont, in his message, inforentially complimented the Becretary of State by say- ing that our foreign rolations are of the most But there is conaid- ernble difference of opinion on this matter. The fact that wo are not involved in any for- ¢ign war, and that thoro are no diplomatic complications that threaton war, is not an unusual stato of things. America is 8o situat ed, nnd the United States Governmont is of sitch n clinractor, that a foreign war is about the Iast danger to be apprehended; to bo ““at peace with the world and all tho reat of mankind” is not, therefors, an indioation in itself of o vigorous and successful foreign policy. In fact, the administration of Sec- rotary Evants i calling out a good deal of sotisfactory charnoter. unfavorable oriticlsm for its inefliclency, in spite of this condition of things. a condition of peace or a condition of war; commeroe is an important factor in deter.’ miving their satisfactory or unsatisfactory charactor, ond in this respect tho foreign relations of tho United States are unsatis- factory .in many dircotions. Indios, though that with Mexico, Ceytral America, and South America {a far from what it ought to be. The following table will illustrate, ns it gives the totals of exports and imports in our trade with these countrios for 1877 : What we What we States, by sell, 3MexIC0.tr voes sarvaessS 15,441,583 § 4, Contral America 3,400, 550 Cnba, . 1,045,401 DOyl 008 155,330,010 841,004,038 ‘Ihis tuble does not include morchandiso to tho value of $6,000,000 rogcived from those countries for exporiation. In brief, then, wo buy from our nearest neighbors about four times as much as we soll to them, though we manufacture in cotions, woolens, nitk, glass, iron, stecl, furniture, ote., just srhat thoy buy abroad, and produce more abundantly and moro cheaply than anywhero etso in the world tho provisions and bread- stuffa which thoy need. The chiof causo for complaint is in tho case of Cuba and Torto Rico, which are under Spanish do- minion, and whoso trado wo lose by reason of Spanisl discrimination sgainst this conn- try. Yet tho Prosident's messoge contained not o word in regard to this matter, and Mr, i Evarts, a8 Secrotary of State, has not made a single suggestion as to an jmprovemont of our commercial relations with Bpain. Thero is ovidently room for enterprise in tho Stata Department, 4 BRITISH COMMEROIAL RABCALITY. '"Tho Pall Mall Gazette, in its ndvocnoy of n more stringent Baokruptoy bill, calls tho attention of the Attorney.Genoral to a very conspicaous and startling instanco of the lax- ity of the presant law, as appliod to the caso of Hzvoait, Bavrovs & Co., East Iudia mer- chonts, of Mauchester, London, and Glas- gow, who failod recontly In consequence of tho utoppagoe of the City of Glasgow Banlk, Tha statoment mado to tho creditors was an astonishing one. It showed a total linbility of 31,160,000, In addition, s memorandum ntates thot the deficiency in shipmonts through two creditors alone is $160,000; that tho smount of shipmonta yot unclosed ia 24,600,000 ; and that the liabilities on bills, ut prosent reckoned not likely to rank os a claim on the estate, are 4,880,000, Tho sopnrate estate of Mr, 1L, Hrvon is put iu at #3,000 ; of Mr. N, B, Bnasonns at $10,000 ; Tho trado nsaels aro estinated at $2560,000, sube ject to deductions, with no prospect of a dividend, and the firm capital, which in 1801 was 85,000,000, altogether disappeared in 1875. Io connection with this schedule, tho Guzetle printa o tobular statement which shows that during the eight years (1870.'8) the profits wore 208,000, The lossus. wore $519,500, ‘The captal deflcit was complete, During these cight yoars, Mr, Jouy Hezvan, who returns his porvonal estate as nothing, drew out ®780,500 for his private uses, an average of almost $100,000 per annum. The other two pariners took out over $:00,000 in tho eight yoars, moking an sggregote of noarly a million dollars drawn out of a fuctuating business, and kept up untit after 1874, when the concern was already insolvent to the amount of §:10,000. It would be dificult to find In the vecords of baokruptey a nore startling case of dis- honesty than the operations of this finn, which, after cating up its own capital, com- wmenced upon the capital of ita creditors and that of tho Oity of Glasgow Bauk, It ¥in. glish justice i3 as Impartial and far-reaching s we continually hear, these East India merchants ought to speadily find themselvés in the Penilontiary. We have dishonesty enough in our own country, and our English brothren aro not slow to remind us of it and to comment with astonishment and even horror upon the various forms of funancial yuscality that are practiced hore. Wae doubt, however, whethor in our whole record of dis- louesty, iudividual or corporate, In the overis- suv of stocks, fraudulent shrinkuge of capital, life-iusurance swindles, bank embezzlements, or any other shape which fraud moy take, which tho English have boen rolling over their tongues Jike s sweot morsel, anything o rascally as the operstions of Hxvou, Bar- vour & Co. con be found. The most of our rusculs havo the grace either to connuit sui- cide or run away, but theso English swin- dlers bave only to spply to the bankruptey Cuatis, seeure @ banpy relcuse, aid eseipe His course in regard to the Halifax award wns so dilatory, vacillating, and contra- dictory that it has cost him the confidence of many of those who etill entertain the profoundest admiration for bia skill aa a law- yor. The StatoDepartment is sorely in need of some truo Amorican *“grit.” The foreign relations of a country are not oxhausted by We have in mind especinlly tho trade with tho West ot 4,000,202 AT 118 MINTIL 1077451 4,440,560 108 005718 with ita managera to broak it down. a bankruptey eonrt. keo last week, Uunlike KnanNev, which are deseribod by & local on o composed rest of and Dblankets,~the faco ered; ah ordinary tallow candlo rush a frogrant odor. shioped back to the Flowery Kingdom, e — Tho case of MARY Onivan ve, Biwox Cax- zRoN, of Pennsyivania,—formerly a Senator in Cougress,—belng called, the New York Graphle eives n ricf history of the case In vorse as fol- lows, to-wit: Simplo Styox met n sroman, Told her whe wnn falr: Eimplo Sciox added, **1'm an Ancient widowalr, and 1}l marzy yon fora cont,” Sald the waman to Simple Sixoy, *Show 1no first your penny," Said Simple S1xoX to the woman, s+ Indecd [ haye not any, till after tho cercmony, ** Bald Simple Bivox ** Here'sadiamon® And vy motive's good, " . Bakd the woman, *'Como to liymen§ “I'hat's what you aliudo to, T think." l:r.mpn." ralil the woman} [, ¢ I'm fratd P SixoN! Courage! flo,man! All my vinns {a Jakd, and if you don't have me, ou old coot, I'll ane vou fof breach of promise within an inch of your irel I')) lll\'naull courting enough As suro ad 10y name is Manv Ovutven." {Continued 1 Clrcuft Const of Disteict of Co- Tuinbia, | —— The Coufed.-Dems, o Wasbington have a wang which they find it difficult to supply. Suya an observant critle: Kwido, af Ohlo, hne the brains, but lacks the backine, FERN¥AXDo Woon 00 nificent to be o W York, has th the cool sense, ALEXANDER BTESHENA well, and deficient in locomotive power. Joa Bracknuny, of Rentucky, haa the volce, but seoms. to iack other ucquirements or requiremnents, Jix RTEELNAN was not elocted to Conuress, and thero has Leen an intermtosion In BEN Butizn's guod atanding In the party. How would Bitt. Srrixern, of Illinofe, do? He Is one of the sort not afrald to rush {n where angels falter and fall back. CanTEn HAnnmoxn woula just fill the bill,—in }is nwn opinion,— but his sands of Congressional life run out in a couplo af months, when he will be rele- wated back 1nto the embrace of Uils loviug con- stituents. e — - A New York paver, Democratic in politics of conrse, printed a parngraph the other day to the effect that “GRANT presented himnsesl atthe Miafsters' box of the Royal Theatro of Madrid in h beastly state of Intoxleation.’ In contradic- tion of this slander, the New York Graphlc quotes ex-Gov, HorpMaN, good Democratic authority, who has recently raturned from En- rope, 88 saying that le boarded at the samo hotel with Gen, (Inaxt in Parls, and saw ‘s great deal of him. Il was recelved with distin- guished honor wherever he went, but *lived wheo hocould an unprotentlous gentieman," The ex-Governor added: Lhave condemned some of his public acts as Tauch se any man, but if his enomiea wish Lo con- tinne their attucks upon him they had beiter leave bis persoual habite nlone, as tho reporta concerning those are slmply Losh. e ee—— ANewYork paperisof theopinionthat Twaen, AXaBLIL, and other big thieves hava ascertatned the fact, for the benefit of thelr successors fn crime, that “The only safe place for de’ faulters and ¢mbezzlers to fly to is onc of tnoso countrics, like Enzland or France, with which we have extradition treatics, Natlons Jike Por- tugal, Ureece, Turkey, ete., with which we have no extradition treaties, fuel bound by the vaguu lawa of international politencas to capture amd haud over to us uny American whomn we askc for"; bLut those with which wa have definite treaties refuse to do anything of the sort. It secms 1o think that the international law of common courtesy s worth more than when the obHgation Ls erystallized foto a treaty, + ———— In his opening address before the Internation- al Dalry Falr fu New York, lionatio Surnoun @avo the dairymwen on {dea of their Importance by stating that “Our dalry product annually exceed fu value the $300,000,000 of bauk cur- rency, and by showing how tho foathold of our butter and cheeso exports in British and other narkets is Lo bo made pertnanont by oar cheap and fertile lands and better methods of manu- facture.,’” At this falr there were 30,000 pack- aces of cheess from all parts of thy world, and oue huge pyramid conslstivg of ten tous of for- olgn and domcetle cheese of different colors, and surinounted by the tigure of an Aldernoy cow, resting on ten cheeses which welghed three and s Lislf tona, ———— ‘The Indlan scems to ba & puzzle toeverybody. No class of statesmen, Christians, or phllun- thropists knows exactly how to haudiv bim. No Awent bas yetbeen found who s ablu to take care of bim ju & way that is satisfactory to both tho (lovernment and the indian. Kelizlon is too thiu for blm, and rifles and gunpowder too solld, unlcas he can ueo them bimeclf, People on the frontler sre unsbimously of the opinfon that the vuly good Indlsn is the dead one. lie is just now furnishlug rather a tiving issue, and will coptinue to perform that offico for us us loug as ho remalos on top of the ground, Eraaiis e A correspondent of the Milwaukee Sunday Te'egroph, wiitiog from Madlaon, Wia., detsils’ a long account ot the quarrel that has arisen bo- tween the members of tho Bupreme Court. The two belligerents that came fu collislon with such violeace a8 to call for the intervention of their friends sre Cnlef-Justice Ryax and Associate- Justive OrToN, both Democrats, aud both full of fire. According to thia correspondont, ueither of them regarded the statute szajonst profane awearing, but vach expressed his miud of the other with emphatic and blaspbemous ewphasls. — — ‘This I8 tho way they do it ig Tesas. Joun Gnxew and bis uucle, Wrasn Orzxr, met ut Patterson vns day last weck and proceeded to settle au old difiiculty fu this way: Jonx (inkER drew u pix-shooter, and bls uncle, belug unarmed, Hed around the store. Bevlug Lewis Ceoreit, Coustalle of the vrecist, e wrenche keot-froo from any penalty, while the un. Tucky sharehnlders of tha bank which theso taseals have helped to break nre solid out to make good ils deficits, though they wers lad to mnke their investments by lying state. monts of golvency at the very time whon this firm nud othera like it waro in league 1t does not becomo the English people or presa to whste any further timo fn commenting upon American roseality when offenaes of thia magnitude are so rendily condoned, and the swindled creditors cannot even find relief 1 Dexxis Kearssr will bo delighted to know that one of them has taken his advico and gone, A Chinaman named Lxn Keg died fn Milwau- who was ouliged to send to 8an Franciseo for money to slopie back tu the Siope with,—sfter much pase- fur of the hat at public meetings,—the deanised Lzg K2r had amassed $1,000 In goud honest money, which {s to be sent to his wife in Can- ton, China. A cousin of the deceased from Chicago conducted the funeral ccremonics, paper. The body of tho decensed Celestlal lny matting carcfully cov- fixed dn o squaro plie block burning dimly near the head, and five or six lonk, slender sticks of punk planted on sn oddiy-shaped baso at the foct of the dead, aglow at the tips and per- meating the atmosphere of the apartinent with When the underlaker was. reaidy to placo the remains in the coflin, the frlends panred water in nartow streams bealda the burning punk, and, standing In a seml-clrcle near tho ghimmering sticks, they closed thelr hands at arms’ lengeh and Lowed low several times, uttertng a plalntive lnmentation the while. Two large pleces of paper, cach bearlng asymbol In bronzo at the centre, wero placed in the coflin, ono at the head and one at the fool, and on each of these narraser atrins of the same material, each marked, were lald cross-wise, Theee peculisr formallties observed, the under- taker was fnformed that the handsomo codln was now In rendiness to recelve tho body. The remalns werp orought to this city, where they are 10 be burfed two or three years and then ed the oflicer’s platol awdy from him and ro. turned around the butidine, ITe anid nig nephay then met, and the latter acain drew his sll:m((-; and, retting the drop on bis_unele, - fired, 1) ball plercing the brain and instantly kil . tfin, After he fell the nephew fired two ,llm:; into the dead body. 8tooving down, the youny murderer took the plstol out of the land of 1y corpse, and, seeing 1t belonzed to Constalle Coorgs, ran ofter bim and firal on him tares mortally wotnding him. ‘The murderer they went {nto the ralirnad depot, put the platol {n the head of the Agent, and oriered him to givg him $10 toald {n his cacape. The Agent did s, when tho assnssin mounted his horsa and madg good his escape. Coorar and GnreR were both @ood citizens, and thie murderer atow sconndre) and = eattle thiel, who two years ago shot g citf. zen of Houstos o e — . It is sald of Bir BAMuxL Browxe, who Is pushing things n Afghanistan, and hurting the feelings of the Russians, and Mr, Graparose and others: ; e fo the P, KEAnNgY ot the Angla-Indi, army, He lost An arm by the gajlant fest which won hiim the Victorin Cross, Tfic #lory n worny telling: At the attnck upon Sinpoornh, durinz the mutiny, Gen, Browxe, then & Major in the Secoud Punjab'Cavilry, chiarged o ninc-ponnder g thoueh snpported only by 8 sinele hore o plied his aword o vigorously that ha kept the mu. tineers from working lholr&rlecu antil nther truop. :lr: em}wnlmnnnd "ifll]ll]llclt ‘lhe c-pulm.-. In the neylo the fery Majur was desperately wounde BAeToR attn belag Bovered At the ahatitan cundeds —— . Bann, of the Pittsburg Post, has written an open letter to Senator WALLACR, of Peunsslyq. nla, fn wiich ho charzes the Senntor with *false. hoad, deception, hypoerisy,” and all the other things that are Incompatible with Benotorial dignity, WALLACE has not yot been heard from, Hofs the man, It will be recollected, who has nominated himself for Vieo-President on the tleket with Tnunrsax, Ife may Lo de. BAnr-ed from running, Commander Krr..8 of the nave is to he court. marthaled for calling Senator Wittiax Pirr Kerroa6 & cowsrd and 8 lar. 1u an ordinary casoof Mbel Mr. Kzura would be sllowed to pruve the truth of his alleeations, If he coulty but this s merely a matter of politencss or pro- fessiunal etlquette, and has nothing whatever to do with the truth or salaity ot the offensive oyl thets swhich tho Commauder usod towards Sen. ator KeLroga. i It s quite likoly that the Boston Lecturs Burcan will Liring a suie for lbel agatnst the Hobrow Rathl Wisz, of Cincinnnti, for calline it hard names. 1o a recent lecture i review of Col. Ixornsori/s **Mlistakes of Moses,” the Reverend Wise referred to it gs “a literary brothel,” and safd Bon nllowed himself to In peadied ot by it. Bhch language fa quite as empliatic as any used by Col. INGrRIOLL, ———— The medical student who killed a man on Cottoge Grove.avenue Friday wight conld scarcely bave wanted the victim for the dis. secting-table, as there arc safer and less har. ordous methods to procure subjecls than to Kill them on purpose. Tho homleide will have to be charged over to tne long ond black ac- count of cards and whisky. g S o ——i What tho printers would call a **fat take " fn thie matrimonial market 15 found i the person of Miss CuLrsTa WiNANs, of Baltimore, who s ealkl to havo inherited £20,000,000 from her father, Bhe Is the richest heiress in the United States, prosent ot prospective, Beveral young gentlemen of marrlageabls ago ars interesting themaclves in her casc. —— As ¥EaNANDO Woon fs o fallure as r Jeader, and as little Cox is nothing but a clown, the Democratle party fn the Ilouse of Ropresenta- tives is Jooking for some bold, able, and agpres- slvo mou_for o leader, with tho chances all ln favor of Bex BUTLER being sclected. 1t scemd to bo BeNJAMIN'S opportunity. ————— The Constitutlonal Convention of California, now {n scssion, has adopted d provislon per- mitting the walving of fury trials In civil amd putty erininal cases, and proacribing thot tavees fourths of a Jury may render a verdict in all cages except felony, The suving of court ex peases will be nmense. e ma—— e Things havo como to a pretry pass when a fel} low caunot call a Senator—cepecially a Loufsls ann Benator—**a coward and a lur," without belng rolled toan account for it, Isthe free- dom of specch i this country to be curtailed In this tyrannical manner without a protest? e tp— A Democratic paper scems to grasp the sifus- tlon at Washington when It puts the following hieads on Itsspecinls: The Republieavs United, Houcy, snd Enzer to Flaunt the Bioody-Shirn— The Democrats, as Usual, Hesltating, Unde- clded, and Absolutely Without a Leader." e — Our Ministor to Ching, Mr. BEWARD, eags that more Chinamen have left Californfa during tholast two years than have come into ft, The present Chlnese population of Californfa Is eatl- mated at 100,000, nearly all men, e ——— Junesvitle wants to bu emancipated from ex- arbltant gas monopolles, and have tho city fllumlnuted with the clectric Hght. Hurvy up, Mr, Enisoy, e —et—— ‘The new Chiucse Ambassador was preacut ot the opening of Congress, Thu antles of Littl Humpty-Dumpty Cox made bim laugh, - et —— A dentist’s wife went' on the stago recently, and all the critics sald she **drawa " botter than her busband, A e The sudden death of vrof, &, 11, Canrexrzd, of the Wisconsiu University, is announced, ot il tedinins GEN., LAUGHLIN'S FUNERAL. Bperinl Divpateh to The Tridune. Broosixaroy, 11l., Dec. 8, —Perliups the most Impostug Iuueral ever ‘seen in Bloomington was that of Dr. R, @, Loughlin, Hrevet Bngadier- General, who died of ungins pectorls on Friday morning. Ho was a distinguished soldicr and physician, and n most csteemed eltizen, The fTuneral procession was hesded by Conpany ¥, INinals Nuttonal Guands, fn full uniforn, with ‘drum corps, Besldo the hearse rode a corpe ¢ members of the McLesn County Medual Boclety, lourteen I number, mounted on snov - white horsvs. -Foltowing the nearse morciid 140 Mosons in full rezalk: withh Gen, J, Bivomfleld, Worstipful Masier; dohu D, Towle, Beujur Warden 3 and Willlam K. Ba»- camy, Junlor Wueden, Noxt came & comuany of veteran soldivrs forty strong, commandeid by Capt. Ueorze ‘I, Hortage, In this company Wwere a larga number of members of tho Nino ty-fourth Regiment. of which tho docrased was a member, uud besldes thon voprosentatiyes of twenty-iwo other Western reztments, ropre: senting four States, At the grave Worshinful Master Bloomtietd conducted the Masouic rites, and the Rev, Dr. Thayer, of tha Firet Pros terfon Uhureh, offered prayer, A milisury salute over tho grave by Company F eudvd tie obsequles. e em—— HE_BONANZA, Bax FRANCIECO, Dec, 8.—The Chron'cle to-doy publistics a seven~columu commuuieation frowm Bquire P, Deweoy In reply to statement cins- nutivg from the Honanza tirm published th 20th of last May. The delay In replying i tributed to the fact that on the 27th of May Dewcey feft the city for the East and Euroit, wheuce Bu bus secoutly returned. The article rovicws at leugth the wouogement of the Bouauzs_miucs, sud .the maulpulstion of the wurket by the' firm, from the writcrs staud- point. It i3 & dental of haviog entered futo oppostifun to the Bunauza imnen with o view ot becawming Director of the Bauk of Californti, and, while sdmitting the writer mad oflers ol compromise,ies stated in the publlcution of the Bouunza N, cluuus that the twrms and spirit wera diatorted suil falticd fu thor statenent. The bulk of the commpuication s a biter arralgnment of the whole business policy sud course of Flood & Ov. 88 8u outragy upon (he sharcboiders of thu miucs aod the commuuiy at large. FRANK W. DAVIS, Baectat Disputch 10 The Trilua Dwionr, H, Dec. §.~The funcral of Fran' W. Davis, who died at Pueeblo, Col., Do will take placs at Dwusht Tucsday, Dec. 1 2u'clock. He wus well knowu I Clibiago atd t 88 pue vl the wwss e uaive Fallroad