Chicago Daily Tribune Newspaper, December 20, 1878, Page 4

4. THE CHICAGO. TRIBUNE: FRIDAY, DECEMBER .20, 1878, @im Trilbmne, TERMS OF BUBSCRIPTION, BY MAL—IN ADVARCR—TFOSTAGE PREPAID. 11y Kdition, ane yoar.. LI arts Of 8 roar, per mont 8l Bunday Edition: Lik [N Fpecimen copies wnt fren, e |‘m-et;”u\~ addresain foll, ncluding Stats sod County, Jiemittances may be made elther by draft, expresa, Tost-Office orier, or fnreptstered Ictter. at onr Ask. TEUMS TO CITY SUBSCRIBERS. Tally, delivcred, Bunday execpted, 23 cants per week, Dally, delivered, Sonday included, BOcentd per weeks Address THE TRIBUNE COMPANY, Corner Madison And Dearborn-aus.. Chicsgo, Jil. RO T S Ordera for the delivery of Titx Taar uxm at Kvanstan, Englewood, and Hyde Par eft 1a the counting-room ‘Willreceive prompe attention. § OFFICES, 5 4 Tne CnicAdo TRINTR® hax established braach offices ¥ orihercceiptof mbscriptions and sdvertisements s ; ollums: . MEW YORR-Tioom 20 Tribune Bullding. F.T.Mo- e anpxx, Manager. PALI2, france—~No, 16 Roe de Ia Grange-Datetiere, B ManLyr, Agen LONDON ~Ameriesn Exchange, #40 Strand, Txaxy F. G Lo, Apoct. » 18C s IS L S ey " MoVicker's Theatre, Madison street, between Dearborn and Btate, *lead Mcu's Shoes.” Tiaverly’s Theatre, Dearborn street, corner of Monroe, Engagement of Dulalo Bill, ** May Cody, or, Lost and Won." Hoeoley’s Thentre. TAndolph street. termeen Clark and LasSalle, Ene ‘Ragement of Emerson's nstrels. Academs of Musle. Fnlsted strect, between Siadlson and Monros, Vae fiety entertalomeat, i in Hamlin's Theatre, i Clark street, opposita the Court-liouss, Engagement i Mme. Rentx's Minstrols. A Metropalitan Theatro. o Clark street, oprosite Sherman House, Varlety en- tertalument, ** Mazepoa.” Art. No. 65 Washingtons street. Losn Exhibitlon ‘of the Chicago Eocloty of Decorative Art. Day sud erening. White Btocking Park. Michigan avenue, foot of Washlngton street. Orand Bkatlug Caraival 1 WASHINGTON CIAPTER, NO. 43, 1, A, M.—An. munl_Convocation this Friday evenlng at 7:00 o'cloek, at Mnsonie ilall, corner of Handolph and Maiste-sts.. fur the electlon'c otlicers, by payment of duer, Ani other fmporiant busluess.” A full attendanco request- 2 3 14 4 WYURISTOl o MUNATERMA, 1. P, CITARILES B, WRIGIIT, Necretary, FRIDAY, DECEMBER 20, 1875, THE SATURDAY TRIBUNE, Wea will {stuo a doablo sbeet, sixteen-page Trisuxs to-morrow (Baturday) to mccommodate sdvertisers and make room for the news, "The edition will Le a very large one, snd it goes broadeast over tho whole West. Advertisers will please band fu thele favors at as early an honr to-day us possible. Greenbacks at par. The indications in Washington Territory aromuch moro peacesble than thoy wore a few dnys since, It is now the opinion of tho nuthorities at Washington, based on recout advices frown the scena of the trouble, that the peaco will be preserved, and Moszs aud bid ban€ pacified, T e——— Interest in tho cnse of Judge Bronorrr ¢ tevived by the appearance In Washington of L+ aessenger Learing a petition for an ex- | umination {nto the cass by Congress, and by A the probubility that Mr. Hannreox, in whose "' bands the petition has been placed, will to- doy submat a resolution for xeferonce to the Tudiciary Committee, . * Laler cable dispatches confirm the report 3 another narino disnster involving o tere > ribleloss of life. Tho Fronch steamer By- 1 .natine, plying between Marseilles and :} Coostautinople, collided with nnother vessel ‘n tho Mediterranean, and was sent to the bottom with 160 sonls, Further dotails are ‘acking {n the dispatches, . 3 ‘Ten doys heunce resumption, in spite of Senntor Gouoy and the Ohio Xdeo. With our mines yiclding 100 miilions n year in gold aud silver, and the bulanco of trade 250 willions & yoar in our favor, what perfect ', uonscnse to eny that weo can% rosumel More coin will flow into the Trensury to be rxchanged for greeubacks than will be ehocked out by those wanting coin, 3 Tho Iouso rdsy adupted by & unan. ! lwous vote the report of the Committeo on N Civil-Service Reform, embracing & complete vindication of Mr. Brextano, of Chicago, from the chargo of bribery in connection with the passage of the bill making tho Gov- erument responsible for the interest on the District 8,63 bouds, The report represents that thero wag uot n partiole of testimony clicited in support of the charge, which is charncterized a5 8 wanton and wholly un. ‘¢ fustifiable attack After mevy smonths of negotiations, and the coutinued exbibition of the most pomred J evasiveness on the part of the Turkish Gov. wiment, the Porte hag appointed & Com. mission to settle the Greek frontier ques- tivo. ‘Flls Commlission is clothed with extensive poweds, aud it e thought their dubors will be produotive of & satisfactory settlement, 'The Greek side of the question has Loen ably pleaded by the Freneh Foreigu Minlutor, who claimed to be backed by all the Hignatory Powers, and this fact elone will probably hasten the work of the Commission and operate in the uter. est of the Greeian Kingdo: ‘The West Town Board have Lad under ad- visemeut the question of tho 2-per.cent corn. wixslons withbeld by the last two Town Col. lectors, sud have concluded that it 1w (he duty of the Supervisor to proceed to colleot tho umounts so retained. “This is the proper woy to test tho question, which can La dotermined iu the courls more conclu. sively aud 1 goneral more satisfactorily thun in the newspapers, The question is oue of law aud one of fact,—whether Maj. ¢ Morrsasy and My, Haruvaw are justly ine y debted to the Town of West.Olieago for the smounts in excess of the sulary of $1,500 ; tbat thoy kove rutained 1n tho form of 2 per Yy ccut commisiions. If it shall bo established : by uny court of competent jurisdiotion $hat i the money is unlawfully withheld, the West ; Town will not fiud any great difficulty in re~ covering the balance due; Moj. Horrmans will undoubtedly turn it over promptly sud sheertully, The President and Bocrotary Evanrs mani. fest & disposition to encoursge the movement for extending Goveruwment aid toward the 3 tablishmeut of steansbip lines between e United Kt and the porty of % Cantral wud Boulh Awmwwrica~ - The ' i ) communication of the President and the accompanying report of the Seoratary of State, snbmitted to the Benats yeaterday in teply to a request for any information or recommendations the Administration might bs pleasod to transmit, are likely to be constried by tho steamship sabsidy men As o nnlmmunn;ot enlire sympathy with their plans of vollhg bountiés to new lines in the form of exiravagant compensation for earrying the ocean mails: : The President commits himself in advance and: withont reserve to a cordial approval bY *‘nny meas- ures that may be enacted for the furtheranco of thesa jmporiant interesta;” whilo Secre- tary Evars is, it anyihing, moro outspoken {n Tavor of extending Government aid to the expansion of our foraign commerce. council seem to have offestaally restored former rates from Clicago to the seaboard, thres agents refus. ing to take orders yesterdny for cars at less than 85 cents per 100 pounda to New York. 'Thus far little attention seems to hava been pald by these dignitaries to the question of rates around thia city; and it appears to be not {mprobable that cutting in that direction will be silently acquniesced 1n ' s before, It muny be well for these gentlemen to remem- ber that & commitlee is now at work invosti. gating the matter of relative freight rates, nnd that it is composed of the right material for driving the nail home when it gats ready tostrike. ** A word to the wise,” etc., is all very well ; but something” moro than mere words are necessary to combat inordinate rapacity. A brooze was created on the floor of tho ‘House yesterday by n demoustration of an offensive character by Mr. CansLy, of Vir. ginia, toward - Gen. Harny Wnire, of Penn- sylvania, in consaquence of an objection by tha latter, jointly with Mr, Hawe, of Maine, to the introduction by Mr. Ousmwr of 8 resolntion looking .to the consure of Judge Ruves, of the United Btates District Court In Virginis, for assuming jnrisdiction over tha cases of two negroes charged with mur. der. COanery was disposed to resent the objections: a4 an affront to his chivalrous person, and conducted him- self quite after tho manner of Southern Democrats in Congress in the old times when Northern membars opposed them nt the risk of a froe fight or a dnal, In this instanco, however, nobody was soared, al. though considerable temporary excitement was created by the uncailod-for demonstra. tion, . The persistent ref of Mr. Brarss to serve on the Special Committee croated by hia vssolution had the effect of producing a general disinclination ‘among Raopublican Benators to undertake the work of investi. gating the eleotion frauds, and it is reported that the course of Mr. Brame was sharply criticised in the Republican caucus yester. day. The Committes as finally constituted includes, for the Republicans, Mr, Terzesof Colorsdo, Chairmsn; Mossts. OamenoN of Wisconsin, Kimxwoop of Iowa,” Hoan of Museachusetts, McMirax of Alin. nesola; and for the Demoorats Messrs, BavarD of Delaware, WiLtior of Ponnsylvania, Baier of Tonnessae, and GArawD of Arkansas, It iz not the Committee that shoula have followed Alr, Brurvr's fine fight for its creatlon, and ita composition v not calculated to give to the investigation the prominence it would have had but for the bad examplo sat by the suthor of the resolution in declining to render practical assistanco in earrying out its provisions, BAYARD TAYLOR, My lmbia are weary, now the hoplng heart” No mors can 11t tholr bunien wnd ifs own, The long, long strife is over. —&rince Deukation, ‘The laat work of Bavanp Tayros, contain. ing the above lines, Las hardly made ita appearance befora the telegraph announces tho sad tidings of the death of ita writer, It is but & fow months ago that the venerable Witrtax Cuiixn Bevaxr presided at the banguet given to Mr, Tarron upon the eve of his departnrs to Berlin to assums his duties as Minister of the United Blates to Germany, and delivered a parting address {full of kindly feeling, to which Mr. Tayron feelingly responded. Bince his doparture Mr. Buyanr has passed away, snd tho Janu. ary number of the Atlantic Aonthly contatns A pootical tribute to his memory from Mr, Tayron's pen, and now the latter has gone to join his friend, and a great name has dropped out of the list of our lizing writers, ‘The story of hislifa is briefly told, for it has been mainly spent in travel and Looks, and tho former has been largoly utilized in the service of tho latter. }io was bornin Cliester Couanty, Pa,, Jun. 11, 1825, and in 1843 commenced his life work as an appren. tico in a printing-office in West Chester, ‘Threo yenrs afterwards he made a tour through Europe on foot, and upon his return in 1846 published * Views Afoot, or Europo Heen. with Knapsack and Btaff,” which aronsed very generaambition among tour. fsta to raver in the same pedestrian style. Duriog the noxt year he edited & newspaper iv Phonixvilla Pa, aud then went to New York, where he became identifled with the T'ribune, to which journal he has contributad nioze or less ever sluce, and in which many of lis smaller works have made their first sppesrance. Tn 1849 he made the tour of Californis, and retumed by way of DMoxico, The yoar 1851 was spent in the East, and during his tour ho ascended the Nile and also traversed 8 large portion of Asia Minor. In 1852 ho set out from England, crossing Asia to Cal- cutts, theuce goingtoOhina, whers he joined CGommodore Pxany's Japan expedition, In 1862-'S he waa Becrotary of Legation at St. Potorsburg, B1moN Oamenon then being Min. dater, After residing vome time in Germany, for which country he had a apecial affeotion, be returned to his native land and made sev- eral lecture tours which' were remarkably sucoesaful, as fow leclurers ever hod so much 10 say to people that was new and entertain- ing. In 1874 ho revisited Egypt, and in the sae year went {o Iceland.to attond the mil- lennfal celebration, wheré a poem of his wos veal. He was sufficiently cosmopolitan by nature lo sccommodate himself to alf coun. tries, and probably no traveler has been more Joved and respected by foreiguers than he, u, had woloome access to their homes, and, being 8 wman of close paweru of obasrvation, he has not ouly acquuinted us with the gen- eral aspeots of countries, but with plotures of Lo life such as fow men except Avemsacu have ever drawn—with this potable excep- tion, that while Avzavica's observations have besn: Limited to & parrow reglon of his own country, Bavasp Tavi0B was a citizen of the world, and broke bread with the peopls of wany sirange countries. His travels have enriched our litersture with many works, among thew, *El Dorado, or Adventures in the Path of Euwpire (1850); “A Journey to Central Africa” (1854); * ‘T'he Lands of the Buracen® (1854); * A Vialt “to India, Chins, and Japan® (183%); * Northorn Travel; Bummer and Winter Picturen of Swodon, Donmark, and Lapland " (1857); * Travels in Greece nnd Rnsaln” (1850); “ At Home and Abroad, a Bketch-Book of Life, Heenery, and ‘Mon"” (1839); *¢ Colorado, m Bummer Trip" (1867); * Byways of Earopa” (1800); and ¢ Egypt and Iceland " (1874). Hin literary srork has not beon confined to booksof travel. Hia busy pen was almost constantly employad, and his ambition and industry lod him through almost every de- partment of literary activity. As a poet, ha wan characterized by vigor and force nnited with purlty of sentiment rather than by tha imaginntive faculty.or by the dreaminesa and myatery that characterizes g0 many of our Inttor-day poots. Among the volumes of poetry which be has left the best known ara: ** Poems of the Orient " (1865); * Pooms of Home and Travel " (1855); **The Pioture of Bt. John " (1866); ** Tho Ballad of Abralinm Lincoln " (1869); “The Mnsque of the QGods " (1872); * Lars, a Pastoral of- Nor. way " (1873); *“ The Prophet " (1874); ** Homo Poatorals, Ballads, and Lyrics” (1875); and ‘‘Prince Deukalien” (1878), He also ventured into the realm of flction, but not with that degres of sncoess which charncterized his pocms and works of travel, and produced ! Hannoh Thuraton, a Blory of American Life " (1863); * John Godfroy's Fortunes " (1804); **The Btory of Kennett" (1806); and ** Joseph and His Friend " (1870), In translatlons his work is the most valuable, boeause it is tho best that ham ever beon done by an American writer, while in fhe easo of his splendid verslon of Gorrur's ** Faust " it may bo fairly questioncd whoth. er it ia not the bost translation of that great poem over made in any country, In adadi- tion to his poems, books of travels, novels, and translations, he has edited a ** Cyclopre- dinof Modern Travol,"” the Frithiof’s Saga,” Avkrnacu’s ** Villa on the Rhine,” and an * Illustrated Library of Travel, Exploration, nnd Adventurs,” The same graceful work ‘which he bas done for forelgn anthors hoa been donoe for many of hia own works, which have been translated into German, French, and Russian, Tia literary nctivity continned to the very close of hia life. If wo are not mistakon, one of his strongest rensons for wishing the position to which President Havxs appointed him was that he might bo where he could onsily secure matorinls for his *Life of Goethe,” upon'which he was at work when death suddenly intervened and the pon dropped from™ his hands. Few American writers will bo 8o sincerely mourned, for fow of them are 0 well known to thié people. His strong, ruggad, vigorous mature, his genial, hospitablo, manly bearing, tho purity 28 well na excellonco of his works, aud his chivalrous charncter as a gontleman, will commend his memory to his countrymen, The story of his death will be told and his memory will bo tenderly recalled in almost overy part of the world, Among tha snows of Jeeland, in the shadow of the Pyramids, under the palms of Indis, wherever his rest- less feet have wandered, there will be frionds who will bo pained to know that this great stroug hoart hns ceased to beat; and that the wanderer ia forever at rost. ——— MUNICIPAY, DEBTS IN ILLINOIS, ‘The Auditor of Btate has rendered a great public servica by the collection and publica- tion in Lis annual roport of the full statistics of the public indebtodness of the counties, cities, towns, and school distriota of tho State of Illinols, The debt s, in the nggrogate, enormous, and illustrates the fatal conse. quences of the facility of {ssuing bonds aud exvending tho money, and then mourning over the grievous burdon of dobt. Every county in the Blate roturna a list of Indebtedness in some form, 'Thero ars 23 countics which owe no county debt, and theso are Boone, Bureau, Carroll, Coles, Do- Kalb, DuPage, Edwards, Henry, Kane, Knox, Lake, LaSalle, Marion, MoDénough, Me. Lean, Rock Island, Scott, Bhelby, Stark, Kt, Clair, Whiteside, Will, and Woodford. Bat the {ndebtedneéss of townships in many of these counties is larze. The loast dobt is that of Boone, which owes $50 town debt and £350 school district, making a total of $400. Marion owes only 88,000, of which over $7,000 is for achool districts, 'The indebt. eduess is under fonr heads: 1, of countios; | 2, ot townships; 3, of incorporated cities, villagew, and towns; and 4, of school dis. trioty, - These debtaas classifiod aggregato as follows : unicipalitics, Neventy-uine countles. ... Townshlps In cighty coun! Incorporated cities, fown Ingew.u, oove oo Behwol districts. Qrand total. Of the dobt of {ncorporated cities, etc., £15,905,473 represents the debt of Chicago, Hyde Park, and some of the villages of this county. The total {ndebtedneas of thiscoun- ty, including that of the city, is $22,855,473, of which the county debt fa $4,411,800, not including the §750,000 rovently voted by the poople of the county, The debt of the coun. ties, townships, aud cities in the Btate, ont- side of Cook County, is 28,287,218, of which about 815,000,000 fa debt contracted’ #ome years 8go in aid of railroads. The majority of this indebtedness was in- curred botweon 1868 and 1871, and a large proportion of the railroad-aid debt bears 10 per cent interest. Tha debt of this city bears G or 7 per cont, most of the school dix- trict debt bears 10 por cont, and the chargo for inforest on the indebtedness ontside of this county will, we supposs, bear an average of 9 pér ceut intercat, Homebody holds these $52,000,000 of bonds, Under the law of tho Btate all thess bonds it hold in Illinols aro subject to taxation at an avorage of 2} per cent annually, It is the existonce of this Iaw which ronders the interest on all bonds and on all private mortgages in this sud other Western Btates so great. ‘The whole asseased value of Londs snd stooks Leld by individusle in this Btate, and, of courso, all subject to taxation, is §884,000, Thot 1s all that the Assessor can Hiud, and to secure a tax of 2} per cent on- that sum—a tax distributed &mong the Hiate, the cities, towns, and counties, aggre- goting somothing leas than §28,000~the people of Illinois subject themselves to pay from 3 to 3 por cont additional interest per snuum on $53,000,000 of munioipal debt. ‘Tho whole valuatiop of mortgages returued for tazation is 301,500, on which the rove- nue collected is about $7,600 » year, and to culleot this sym of tax from *‘cupital” tha people of Illinols pay from 2 to & per cent additional interest on the §300,000,000 to secure which they have cxeouted mortgages. In the endeavor to punish “gapital” the law levies & tax on all bonds, mortgages, sod other seourities in this Btste, and (o get sbout §30,000 revenus it furnishes the pro- text for demanding and’ exacting from the borrowers of §300,000,000 - private debts and $52,000,000 municipal debt from 8 to 3 per cent additional sunyal Interest, this extra interest, put ot an aver stinacy, the larga clties liko Chicago, Quincy, Poorls, money lonned on lands, the farmers and all othors who are now paying 9 and 10 por cont. interest conld possibly find an abundance of money at 0 to 7 por cont interest whore the soourity {8 ample, Such a rellef to tho debtor clnss would bo equal to a donation of many miltlons of dollars anunally, Thero is an abundance of monoy secking fnvostment, but it i3 terrified at tho ghost of taxation, If that ghost, which yiolds no revenuo, wore tomoved, much of the million of dollars n day which is forced on the GQoverdment for untazed 4 per cont bonds would readily seek 0 or 7 per cent mortgages on improved farms, . 3 The oxemplion from taxes of munioipal bonds (Tllinols) and of mortgages and all other loans of money on taxod property in this Stato wonld {nvite Lither such an abundnnos of copital seeking Investment that, withont the sotual losa of nny revenue, tho peopls and municipalities of llinois would be able' to indebtedness now benring from 8 to 10 per cent {ntorest at comparatively low rates, Ts it not timo that, in view of the past heavy cxactions for interest, the poople of this State should seo that in order to bor row monoy at chenp rates this abortive tax on loans, public and private, should bo re. pooled, nnd monoy be pormittad to coms hithor and be loaned freoly? —— . BOLUTION OF THE SILVER QUESIION. Mr. Laranor, the Repressntative in Con- gress from the Fourth Distriet in this State, is to bo congratulated upon tho introduction of a bill which, it it shall becomo a Iaw, will put an end to the silver discussion and re- establish the monetary systam of the nation on the samo basis that existed at tho timo specle paymoats were suspended. It will satiafy the advocatss of the doublo atandard, bocause it will mako thé silver dollar tho equal of the gold dollar; it may not satiafy the advocaten of tha single standard, becouse their purpose is to make the dollar dear by limiting tho coinago to a single .motal, but it will prevent them from oharnoterizing stand. ard silver as an “ 85.cont dollar,” because it will have the effoct” of reatoring tho formor bullion value of kflver as compared with gold. Tho bill is’ vory properly entitiod ** Aa not to place the silver coinago of the Unitod Statcs upon tho basis of its intrinsio wvalune,” for that will be preolsoly the effoct of ita passago. * 4 "The bill, briofly summarized, provides (1) that every ownor of siiver may take his bull- fon to any United States mint and havo it coined into dollars, half-dollars, quarter. dollars, and dimes; (2) that”the subaldiary colns shall bave tho sama relative intrinsio value ag the dollars; (8) that the coinags of the prosont dobased subsidiary silver ahall ceaso, and that the debased coins now out- standing shall be recoined as rapidly na they (4) that all silvor coins shall thercaftor bo full legal-tender, with tho subsidlary coins redeomablo in silver dollars when presented in suma not lesa than $20; and (7) that the only chargo on coinngo of silver shall bs for refining, or separating when the bullion pro- sented nt tho mint is not of the proper stand- ard. Under the operation of this law the colnago of silver will be unrestrioted and on equal footing with the colnage of gold, aud evory Amerlcau silver dollar, nnd every frao- tional part thereot, will have a larger rolative value than any silver colns of the Luropean nations. The passage of this Lill would bring about geaulue remonetization of silver in.this country, which cannot fairly Lo sald to have ecemred undor the lmitations and rostric. tions of tha present law, and cspecially ag the prasent low has beon interproted and executed by tho Hacrotary of the Treasury. It would for the firat time restors the option of paying in cithor metal, which we have before characterized as the essonce of the doublo standsrd, because it wonld for tho first time provide tho facilitles for silver coinags requlsite to placing ons moetal on o plane with the other, It would unable re- monetization' of silvor to accomplish what the friends of that policy have alwoys prom. wsed {t would, viz.i tho reutoration of an equilibrium of values batwoan gold and sil- ver. Ho long as tho colnuge of silver dollars is restricted to tho Governmont, and lmited even below the cnment product of the Americau mines alone, there is no draft npon tho disused stock of ‘sltver in Europe, aud no chance for increasing the value by incrensing the demand. Free ooinago of miver will make a demand upon the stock of eilver bulllon, and &t tho same time diminish the exclusive use of gold 50 as to bring the two motals back to their ordinary rolative values, It will be foolish to urge as an objection fo this measure that the United Blates will soon bd flooded with Freuch and other European gilver which will comg here for zecolnage. No coins from France, or any other couatry where the "doublp standard provalls, will come to America any moro than thoy do now, for the very good reason that they aro worth more to the people at home {u their present shaps than can be realized wpon them by expostation to this country. Fivesilver francy contain only fifteen snd one-half times as much silver as the gold b-frano ploco contalus of gold, but are full legal-tender at homs and of equal nomiual value with the gold coin; to send thew to this country for recoinage in American silver coin, which cointalus sixteen times as much silver 'as the gold coln of the same face valae has of gold, would be to sacrifice 8 Per cent on their curront value, Tho French people ara toa provideps, aud the Americans too shrowd, to goiuto s losing 'speculation of this kiud. The sawe is trueof wll other curreut foreign silver coins, because the Tetio of 133 to 1 i uaiversul oulside of ago of 2} per cont, nmounting annunlly to %8,500,000, By ona of thosn nnaccountablo and rrational blinduosses which men some. tmes voluntarily seck, the vers porsons who poy this immenso exnction aro the precise porsons who Insist upon the farce of taxing bonds, and mortgages, and eredits. They voto yoar after year to enslave themselves, and cling to their chnins with unyielding obe Amorien. 1§ the German slver coln gomes a5 bullion becansd it I sant nut of Germany to got rid of it, the owners thereof will soon put a now valae npon it ganged by the hew The London brokers will seo to that, if the Germans overlook it. It in estiniated that thers remain only about $75,000,000 of demonelized Gatman silver, and whon that amount shall be abrorbed by Amcriean colnags, this country and all others can obly look forwanl to the current product of the mines, colnage, or genuina remdnetization, of silvér will be to discount the actus} demsnd and almost immedintely restoro tho old ratios of values botween silver and gold. - The only tion, and bankruptay. It is not necossnry to discusa the influencaof silver demdnetization on prices to nnderatand this. A fiend has furnfshed Trz Tamtrss with an interesting doonment, being a printed copy of a speoch made at a politieal discus. sion fn the hall of tho Houso of Hepressnta. tives at Bpringfield in Dooamber, 1839, by, Apmamay Lixcory, Speeches had been pre- viously mada by Mr. Dovaris and by Attor. ney-Genoral Launonrwz on the Dcmonn’la aide. In the conrse of the spesch Mr, Lin- ooLN, discussing the effact of s contraction of the currency or locking np of coin In the Trensury, made the following suggestion, equally portinent nt this time, when it ispro. yosod to abolish silver as money, and redace the metallio money of the world to gold ex- oclusively, * Flers is what he saids " 'The natnral effact of this chapge of pollcy, ey neé the quantity of « o 4 Theman whohas chased any article, say & horse, oncredit, at § when thare are 200 millions circalating in too try, T the quantity be reduced to 100 milltons will find the hores but ebtt and the other half 8 pald out of his othér means, and thoreby become & ciear 034 {0 him, or go u and thereby Become n clear losp to his ere AVhatI have saja of & single case of tho pitrchggs of 8 horse will hold good in every can istingat & time & rednction In the quantity of money ocours, by whomsosver and for whataver it may have been contracted. 1t may be said that what the dobtor loses tho creditor eratlon: but, on examination, to be true only to a ver: nerally trao that al Toning more of his debts than he gainy by Incrensed value of those he eollects; tha debtor, ng with mora of his provert an he recesved ln contrncting t| ly breaking up his businens snd thereby belng thrown upon the world in {dleness. ‘I'his wns uttored. thirty.nine yeara ngo, and {s especially applicable at this time, whon it is sttemptod to mnke scarce gold the excluslve monoy of the world, ndding to its value that of tho demonetized and dis. carded silver, and reducing the value of property proportionately, making the debtor pay hig dobts in a coin twice the wvaluo of that in'which tho debt was contracted, e—— Antorican domand, 1f the Legislaturo of Tilinols, at the coming ession, should by Inw ennct that any county, city, town, or village, having a bonded in- debtedness, may, upon the maturity of thoss bonds, issue now bonds having twonty yoars to run, 5 per cont of the prineipal to be paid annunlly, to bo exchanged for or xold and the proceeds npplied to the purchase of the old bonds, aird that all such bonds ‘ahall be ex- empl from taxation for any purpose in lli. nois, wé have no doubt that the new iasue pould be roadily disposed of at & rate of interest not exceoding 7 per:cent, which wonld Le in many ecnses equal to- an annunl saving of 3 per cent; in the cnses of Tho effsct of frae will encounter in ihe fatura will arise from the excesslve proportionate weight of our gilver coins; and to keep the silver in tirculation it will bs necessary, sooner or Iater, either to roduce the,welght of the sil- ver coins or {ncreaso the weight of the gold dollars by 3 per cont to gorrespond to the Europoan ratio; othorwise the silver ocoins will disappear as they did befora the suspen.. sion of specle paymonts by resson of being over-weighted. ' There I8 only ono defect in the Larnnor bill, and this mhy be ensily romedied. It should provide for the retirement and recoin- age of tho outatanding trade dollars, so as to place ali the silver coins of the country upon the same footing of Intrinsic value. Huch a provision can be inserted without embarrass- iug tho bill, which will then be ablo to defy criticism, and will probably securs from the next Congross, if not from the presont, such a majority that the Prosident will not even try to dofeat it by a veto, 1% is to ba rogrete ted that Mr. Lartnsor's constitnents in tho Fourth Distriet did not renominate and re. clect bim to seoure the passage of this Bill in the next Ocngress, in caso it fail in this Congreas, as”thoy surcly would have done had he introducod it at the last sgssion. ery ong will see, money in cirenlntlon, and Bpringfield, snck bonds could find a ready market at & or G per cont, If the Legislatare at the same time would exompt from taxation fn this State all mortgages is.. sued in renewal of existing mortgagen for The Becretary of the a call for $10,000,000 of 5-20 bonds, being" the last of the fssne of thoss bonds, known 28 the consols of 1865, This leaves tho ¢on. sols of 1867 end the consols of 1808 the only 5-20 bonds now ouistanding, Tha wholo number of 6-20 bonds issued which have been paid or fanded in the 5, 4}, and 4 per cent bonds are s follows, All tha 5-20 bonds bore G per cont intorest s S———— . A NEW KIND OF COMMUNISM. ' An articlo in tho lafest nutaber of the Now Yotk Public fully confirms what we have Blready published copcerning the comparn- tive pricas of the 'last twenty-eight years, The editor of that journal has extended his investigation and has now tables that cover the prices of over 800 articles, reprosent- Ing, us lio says, * over four-fifihe in value of | all articles entering {nfo commerco or con- sumption in this conntry.” A comparison haa beon carried back na far'as 1869, and in the ¢as0 of the more important articles as far as 1825, * In advanco of making a public ox- hibit of these tables the Public faollowing summary of the resul No renson fe found to question the corroctnoss of previous comparirons based upon quotntions of o much smalier number of the must ‘lwportant ropresentative ar deed, 1u the corrosvouaence of resaits thaf the representalive articles show a relatlon of ‘| prices in 1860 and 1878 as arifon of many hundred articles indicates tnus it i relation of 100 to 1,77, The approximate correctueas of the folfowing ratios, redacing nuotatlons to zald, may tharcfore bo aMrmed, viz, : 100 in 180 equals in purchasing power 812 in 1804, and $194 in 1873, and $81.07 Nov. 1, 1878, In the average wol usivo of all atacks or bonds, and of all renl estate), from Jan, 1, 1873, to oppears to have been abont U4, 1 por cent. 1t iu thiz ‘goucral faot with which we are concornad ; go that, when the editor of the Lublio ways that *thero in mno. conolusive proof that any part of the decline in prices waa dno to o chauge in the volume of specio in use"” ({4 e., by the disuso of silver in Gor- mauy aud elsewhero), we may faidy refuse 1o argue that proposition, and fall back upon {berobvlous injustico of compelling men to rate tholr property and pay thoir dobts in asingle and the dearerof tho two motals, under tho condition of things which he domonstrates by his comparison of prices, In othor words, even if wa admitted (which wo do not) that this frightful declino In prices, or correaponding incrosso in the pur- chasing value of money, had been brought about without being influenced at all by the {nsano act of Gormany In demonotizing sil- ver, then we could atill malntain with force and foirness that this revalsion in prices should not bo made to bear still harder upon dobtors, property-owners, and taxpayers Ly compolling them to make all their pay- monts in one kind of monoy Instend of the two kinds of money which prevallod when thoy bonght thelr property, when thoy went into debt, and when they sgrood to submit to n cortain rate of taxation. - ‘We do not caro to follow the P’ublic Into the dotails of its foolish srgument to show that the disuse of silver aa money hias not been & factor in the dgellnu' of prices, but aro con. tont with the remark that the * credits,” to tho contraction or expansion of which he attributes a ciango of prices in tho maln, are based upon and largely goyerned by the volume of spooly money, aud honce are thomselves primarily affocted by so serious a contraction as the withdrawal of the entire stock of ono of tha twa metals in monotary uso. But, without reverting to the argu. ments that might be made 370 and eon on this prop osition, tho fact yemains, according tothe showing made by the Publi itsolf, that #81.07 in gold to.day will purcheso as much of any gmven commodity as $124 in gold would have purchased in 1878, The five yosra jutervenjug constitute, as a rule, extrome limit of loans; henco tho exaction of payment a dobt contracted five years ago, when both gold and ‘silver woro available ss monsy, {a an extortion of over 40 per cont tmore than the dobtor ex. pected or contracted to pay or the creditor expeated to recolve when the tragsagtion took place, Yan't it monstrous, then, to characterizo tho stapdard silver dollar as an ‘*85.cent doller,” or to intimate that the doblor class are trying to swindle the credit~ or class by jnsisting upon the privilege of paying in the chesper motal or upon a mone- tary basis whioh includes both metals? Evon in transactions wade on a specie basls five years ago and payments made in silver to. day, the creditor will receive a sum of money that has 8 purchasiog value of over 35 per cent more than the gold'losned five years ago. But the mongy-lending class are not satisfled with this; they demand over 40 per ‘The dobtor has & morul ¥ sust any sach extortion,. ., d * The exaction of the gold-tugs Is not very differcut from that of the Communists who demand that people ownlug property shall give them a portion of it without considers- tlon. Au enforeed payment of a dob or toxes in gold alone, which in bullion s worth 15 per cent meze than silver fn ball, lon, is robbery of 15 peroent, because debts were contracted and tazea levied on the un. dorstanding that both gilver and gold wera to bo availsble.as money. This robbery would be oppressive enough In any case, but it bas been made doubly so by the fact that the prices of all property have de- clived even on the silver bulllon basis. By reason of this shrinkage it is necessary o make a large sacrifice to pay debts and taxes with tho voluma of two metals for & monetary bails, and to roduce the svailable stock of woney by the elimination of one wetal altoguther weuws yubbery, coufisca- Trensury has issued {fund all - theit existing bonded and mortgage. Al Fivo-twenties of Pebruary, 1803...8 514, wentles of March, THG4 nl{al D; June, 1804, o Tho otlier bonds of this sorles mow out- 100 to 81.00, tho com- A gpecial dispatch to the Qlobe-Democrat says that Joun Ortvam, a young minister of Bed. ford, Ky., eloped with Misa EMaMA ABNOTT, & achool-miatress, laat week. father objected to Mr, OLivER, and the lovers arranged to clope. He procurcd, horses and- went to the house where slie was teaching, 3he dlsmlssed school till Monday, mounted a horss, and rode off with him, They hadn'tgono far i1l they discovered tho old man and two bz brothers were pursuing, Thev spurred up, but *papa " pressed 8o bard toat the loyers flnally took to the flelds and rode sixteen miles through mira and woods. At Loufsville Miss Apnorr stumbled against ler uncle, Judge ABBorT, of that city, which scared the runa. b thesne¥t teid o be'nedt motning, A Miss - Aunorr's 500 badly that they: Inutl;arHvifig ther new diffiealty was now fu the wav. found he conld not get & marriage-ticense withe out sweariog that tho lady was a residont of Otlo,—just as all Kentucky runaway but being o preacher, consclenco trippod him ' up. tha Exya Annorr operg-posters, and belug unacquainted with theatrical thought the hand-bills wers offers of roward for Miss AnnotT, the runawsy, - Another panic ensued, and thoy took a back to the depot, and thenee the first train to Lawrenceburg, Ind,, where they wore married. They then left for home,—OLIVER resolved to occupy his pulplt the next Sunday, and the new Mra, OLiver to coutinue kier school on Monday. . ey paidinto the United Stateu Tronaury | 1t takes conslderatlo trouble to get fnto the Wisconsin from Mllwauken County this year, Possibly It fa because there is & United Btates Benator to elect. In the Eloventh Assembly District thero was a tle at the Octoher election between the Republican ond Democratic ‘candldates, and a now clection ordercd by the Governor, Tho special election was hotly contested on both sides, calling out. all tho voters, but resulted in the chioce of the Republican candidate. In tho First Assambly District the Hon. E. C, WaLy (Dem.) holds the certificate of election, but his right to the seat is to bo contested by W, P. MoLanay (Rep.), and thelr attorneys ere bow enguged in taking testimony at Milwaukes. WAaLL had 20 majority, but it Is claimed that ho was-voted for by a large number of Polanders who cannot now oo found, and who were not Jegal voters 8t the time. MoLauxw intouds to push his opponcnt to the WaLn. Milwnukes ‘Oity and county will thon have but two Democrats ir. the Leglalature out of filtecy tombers—two Ropublican Bonators, and cleven Republicans and two Democrats inthe Houso, - It reaily looks saif there had been a revolution ora tidal waye in that old Damocratio stronghold, when six years agothe Hon. ALwxayvsu Mizcn- ELL (Dem.) carricd Itby aboft 6,000 majority, But then tmes change, aod men and change with them, lifo in private —— Tue Massachusotts aud Connecticut papers are compisialog of tho offect of the free-pass system upon thq legislators of those States, Beasions aru greatly lencthoned, they say, by the atuenteclsm occasioned by mewbers golug o snd from thelr homes, ' Bome of the Western newspapars enter the semo complaint, gener- ally written by editors who carry a free pass in thele pockets. Wisconsin pays her leglslators & salary for tho seasion, without regard to its —— e ork paper savs that after Janm. 1, 1870, there will be considerablo reduction of salaries among the mepcantfle houses of that clity, Cuartix & Co, employ 800 wmen, whoae ill ba more or less cut down with the uew year, Jarvmar & Co., with 800 emploges, Proposg Lo cut more soyerely,—an average, it 1y sald, .of fylly one-thlrd, HTewakt & Co. do not intend to decreaso the pay of their clerka, et 1t Coxgring bad looked up from bis writing & mioute last Monday he won!d have secu S¢n- ator BLainz baving a yough-and-tumble with four ot dye statwart Democrstic Senators, and Rottiog the best of all of them. CowkLrxo is sald to be ug expert boxer himaelf, a Limself upon bis profeleocy fn tha manly ary of self-defenso; butit by had logkod ho wquid have seon that the Benator frows Malne weat st v without gloves. ‘This isn'¢ bad for a 82, Luuls ,en” o The Thnet Lellow did it: 2 Hazteeen ,T laioe "I ralse Calo A loog a4 he's Abel, t— letter says (bat Songtor Mc- LDONALD, of Indiaos, Lus ocontly dounod & new cloak which gives bim the appearnuce of 8 Rompa Senator. * It Is & $ogs, aud be wears it #4 u Romun must bave wornbls. Iu the back L reuchies below Ms Kuevs, gud 83 be wrops §t about him, throwlng a corner over his teft sboulder, it adds greatly to bis alwaya fine ap. pearance, A lady who has seen him with it re- marked the other day that ‘It is so very becom.- ing, othet gentlomen of his splendid Physique ouzht to o and do Hkewise.'” This brings to mind s little story connected with that wonder- ful and fearful imagg which Visnim Rrax ‘‘sculped” of ApRAmAN laxcouw, and which dlsfigurca the hall of thoold House of Repre- sentatives to this dny. A patty of eentlenicn stood wround {ushortly after §t had been un. ‘yolled, when one of them asked s Wostern Senator it ft would not have lovked. better it the statuo of Mr, Lixtory had béen envelopeq fnthe toga. * Yes,' was the answer, “it would look better, undoubtedly] but then it wonlda'y look like Mr. LincoLN, as he naver wora one, Anyhnmlmmeflznruwonhllnokhcuerthnnnm, but thenit would not rosomble Mr. Lixcory," But now that the tozm!s in fashion again we implore Congress to make an appropriation, and let Vixniz make one for.it. ———— Tv the Bditor of The Tribune, Cnicaao, Dec., 15, —In your lssue of this date you refer fo JlAc ‘tthe wisest, brightest, meanest of mankind,” I think your quotation jn not correct, and I think It was not ssid of Bacox. Am 1 right or are you right? Ixpex, In Pora's Esssy on Man this passage occurs; It parts allurd theo, think how Bacon shin'd, ‘The wirest, brichtest, méaneat of mankind Or, ravished with the'whistling of w name, Bea Cromwell, damned ta everiasting fame. phstdsiiii i o "The Benatorial qtiestion in Wisconain is warm- ing up. Anexchane, which bas been looking ever the ground protty carcfully, thinks the firse ballot {n thie Republican cauctts will be about ag foliows: .flg C. W, Willfams . 1t; Raafnch . S — The reason Mr. KeEND comes to Chicago to purchaso large quantities of wheat s because Le knows that about 20,000,000 of tie 82,000,000 of British pooplo must be fed with forelgn bread, and that tho Unlted States 1a superseding Rus- sla fn supplylng bread to Great Britaln, i ¥ ——— About tho best plece of editorial work that has been done lately by a Wisconsin newspaper 18 the Ahdlson Journal's artlclo nominating the - Hon, E. W. K=rzs ‘as a candldate for the ,United Btatos Sonate, **subjoct to tho decision ‘of the Republican Lefslative caucus,” bdaataudlidl biiiak ! A Bourbon Congressman complaing that the ,Chaplain of the House of Representatives makes the same pray. - day after day. Well, If ft1s halt s good. wy the Lomp's Prayer that alt Christendom bas been repeating for buudreds of yoars, let him keep on repeating it. — ,. In addition to the mystory that surrounds the larceny of tha remains of A. T, STEWART, 1t re- mains 8 question whother tho Hebrews will aceept the money offered them by Judee MiL- TON a8 & pegce offeriug for the Inault glveu the Jews on a cortaln occasion. —————— The Vicksbure Commerclal says Prostdent 1axes has got tho South by tho tail. 1f thatis 80, we Liope be lsn't in tho same predicament of the fellow who bad the Lear by the tali, and who declared that it was equally fatal to him whether bie let go or held on, ——— Groat excilement oxlited In Richmond, Va., last Sundoy, becauss the Puritans pot shead of tho Cavalicrs, and for the first time all tho sa- loons and drioking resorts were closed, and all fmbibers of the ardent were bewalling the loss of thelr personal liberty. e e— It is u slognlar commentary upon our juris. prudence, or morals, or civilization, that the robbers of the Manbattan Bank contemplated souding a lobby to Washlngton to defeat & hill that would destroy the value of the bonds stolen. —— ‘Wa havo just found out what the Afghan war s about. It is becanse Snene Avr addressed 1Aha Btittsh dovérhmont o terma of il disicutsed Mhfcastt,” That was enough. Tue troups were called out at once, e— Benator Wuyrs, of Maryland, My Mary- 1and,” is afrald that the country will be kept In A constant state of turmoll by 8enator Braxe, 1t 1s 1nuch moro kely toat the turmoll will be in the Democratlc party. Senator Divip Davis ‘undoubtedly yepre- seuted tho wishes of the poopie of Iilinots by votlug agalust the motlon of Tox Bcorr's at- tornoy, BTANLEY MATTitrws, to take up the Toxas Pacific Rallro ad bill." B e ;/Tho tidal wave that occasfonally and period- feally brings changes In the Cabinct has como and gone fur Decombor, and nons of the Pres- fdent's constitutional adylscrs have stepped down and out i A The Bt. Louls G.-D, speaks of a recent fire as “one of the prettlest couflagrations that has visited Bt. Louis for a year.” That fellow takes an eschotical.viow of tue most cumiuun- placo things, i ———— ‘GRrax1's house in Washington that cost him 825,000 bas Just been soldto an Ohio lady for $18,000. It had nover been oceupled, and the decreasa in prico indicates the shriukage of valuos, e ——— e Tho Thiladelplla Zelegraph felt Brana's speech. thu ost, 1t began toshout *Mut- 1104 " at the top of itg small voice. Bome- liow, thoy aft cry *“MuiLiaaN " When thoy get hurt. \ i —————— ' Although tho Elevated Rallway in New. York toak 50,000 passavgers from the borso-car lucs fn six months, the latter still boast of & profit of 20 per ccot ofr tho capital st ————— Ttis s pleassnt thing to think of, after all: Congress about to wdjourn for two weeks, and Joux Buxuuan quictly payiug cut gold on de- mand to'overybody who asky for it, v e et—— Last year we sold Kngland $150,000,000 worth of grain, live stock,. meats, cheege, aod egas, We seut over 300,000 cattle, 1,000,000 shsep, 50,000 swine, and 80,000 horscs, ’ ———— Gen. Toouus says *‘BLAING fs essoutislly the sharpest uan (0 bis perty.' Both Tuvse MaN and LaNak sgreo that hio s too sbarp for them, . * e —————y ¢ ‘Tho credit of the United Btates {s pretty good now, When Unclo 8am writes hia nsmie ou tho back of your note it s a8 goud ey gold, e —— Dox Piarr save ho loves Bramm, aithough he knows it's mein. There lsu't tngch efa com- itted fn this world for Joving Dows, | Tt secms that Gen. Bumuina¥ bas botherad Brx Buzrsn as much with bis Lotin as Drsnis Kpanxzr did with bis tall swearing, « Bon Toowmss {a lu Washington, He says thore aru 6o politics in Ggorgls, and consogyently 1t {s nob 'Ya scloncn™ down thuge. e —— ConxrLixa Genles thas he 1s for GaaNT In 1830. " He 13 solld for Rosoos Coskiyva. He will have mighty fow followers, however, f e —— ey ‘Fhe clargymen wha cau condsnse thelr prayers into & parsgraph are the comlug Cusplalus in all the State Legislatures. # e —— i Jt looks to the Philadelphia Evening Twegraph “asit Ogresny will by glected over Logan ss Senator from Ulluols.” e eg——ees Hurry un your little ‘suti-respmption scheme, Mesars. Voornpes, Ewnia & Co, The time hort. B g e No clergyman fn Chicago bss yet vontured on & “low-necked " yermon lg TaLMaGE. § e ——— Au Eaatero paper asys that Davip Davisis 00 fat to rua for tho Presidency. r—— The gresnback is booming, It fs ss good as gold now and will so contjone. e —r Mr. QreELEY waa right, ¢ Tho way tozesume 15 to resug,”