Chicago Daily Tribune Newspaper, January 3, 1879, Page 4

THE CHICAGO 'I'RIBUNI: FRIDAY, JANUARY 3, I879—TWELVE PAGES. employers woro growing rich and others per- suaded thomsclves thoy werre, the working. men did not share their gaina; but when the collapsa came the workingmen wero forced to share the disaster, The faots in tha onse are not to be denied ss we look back upon them, and the Jesson they teach is the avoid. ance of the same dangers in the futurs by clinging to the only substantial monetary basia ever known to the world, viz.: gold and silver coin. . Gon. Ganrizwo is of opinion that the first opportunity for putting en end to the evils insoparable from a poriod of aion oc. curred at tho close of the War, whon McCur- roc was Becrotary of the Treasnry and ad- visod steady contraction and early resump- tion, There were cerlainly some circum- stances that wera favorable to this policy at the time. Private debts were comparatively few and small, for debtors had alrendy availed themsclves largely of an abundant and depracinted ourrency to discharga their liabilities, Tho dischiargs of the army and cesantion of war reducod the exponses of the Governmont GO per cent in one year, and thore was a aurplus of $100,000,000 s year, which might have been dovoted to tho re- tirement of the Government notes. Two millions of able-bodied nfon were releasod from the two armics to become producers of woalth. The necessitios of the country for currency were diminished, and there were powerfal roasons why the new ora of pro. duction ghould havo been placed upon a steady baals of values. But, in spite of these favorablo conditions, 1t may well bo tho abuses, ho has got plenty of work aliend | delphin; these, added to the lines now in of him. . operation betweon Now York, Philadelphin, The documents submitted by Gen, Snent- | and Baltimore with Europe, will render the DAN are A roport of Liout, Lrx, giving a | oceau transportation as complato as Is the statoment of the managemont, or rather | internal transportation of the conntry. mismanagemant, at the Spotted Tail Agency; | All the great trunk lines to the At. the briofs and correspondence of Lieut. | lantic must of necossity bave direot conneo. Dovarznry, showing eriminality at the Crow | tion witha sufficient number of steamors to Creok Agency ; aimilar proofs of mismanage- | earry the freight intended for export, Thera ment At the Choyenne, Brule, and Standing | will, therefore, probably bo as many as thirty Rock Agoncies; and o largo numberof briefs, | stenmers leave the Atlantie ports weekly. oxtracts, and reports, running from 1874 to | The line from Moutreal must not bo over- the present time, which discloso all sorts of | looked, nor will it be at all improbabla that rascalities practiced at almost evory Agency | bofors tho year is out there will bo a in the Military Division of the Missouri, It [ sufllcioncy of stonmers leaving Halifax to 1s little wondor that, with theso overwhelin. | carry all the froight to Europoe that oan be M@ evidences befors him, Gen. Buenipax | collocted in this country and taken by rail to impatiently exclaima that ndvanced point on the route to Europe. u’f‘h:;n,m wl&lfll’ ‘1“"5.'"" bdnlrn e, ",',‘,"'.',fl, :ho ‘The result of all this marka the progress of Tarean, :?m, ,,:',’ 'E,,, ;:,,“e“,"':;',fc:‘h‘é.lfi,, ,'},“, :‘.‘:'é em'm and l:in:vo trade ndnp“’fl‘:udl' to cn:- n my report, and plving the lette venlenco and to economy. o time can bo e O B O 10 e adnroresd] | Tondily recallod whon every pound of Westorn Barey, o SMesiawhy sutid ihe Archeie, nd | produco was sent Baat to bo sold oo comus- l}v:- and properly of the seitlers, shonld hnlrrh: slon. In fact, the money needed to pur- Tl s, resorie el superns it caupenOf 109 | chinde grain andhogo was sont ither to sllence by the lionorable Secretary of the Intertor. | enable Wostern dealors to purchase from the One of tho most convinciug of these doc- | producers, Matters have changed since umenta is the report of Lient. Les nt | then. Now, every bushel of grain, and every Bpotted Tail Agency, andl it is uvested with | pound of provisions, and every barrel ot more than usual importance, ns Gen, Buerr. | flour is bought “here; the sales sre made DAN claima that it is a fair explanation of | here to purchasers who are hore. Shipments henep leave this and other Western citiesthe proporty of the consignors, During several years past English and Scotch honses have been represonted in this city, making their what has ocoured at many of the other Agoencios. In Auguat, 1876, E. A, llowanp pnrchinseshore; duringthelast yeariho ngonta of French establishments were here, and little atifl on tho part of Loth the Benator and the Prealdent, On tha 25th of March las Mr. Hown dellvered a speech In tho Benate in which hogave what scemed to him good and suf- cfent redsons for not applauding the Southern polley of Mr. Harrs, and his remarks wero so pointed as to place the Benator (n the category of thoss who stood {n antagontsm to the Presi- dent. Recent events In tho Soutb, however, hava tended to cure this allonation of politieal friends, and there has probably Leen & conces- slon on both sides,—tha Benator thinking better, of the ITAYRa pollcy a8 an exverlment, and the President sceing a better reason for tho attitude assumed by Mr. Howsx, It fs s good thing that the dissgracment It at an end, acd that the two distinguished gentiemen are on terms of fo- timacy again, ———— Gov. Cortox is charged by the Sprinefleld Republican with refusing to honor the requisi- tlon of Gov. HARTRANFT, of Penneylvanla, for ths surrcnder of two men who, it s alleged, murdered one Durkix, at 8t Clair, Pa., nearly fourteen years sgo. They fled tha country, and it was only a short time ago that the Pennsyl- yania nuthoritics found out where they were, and took steps sgainst them under the indicts ments found by the Girand Jury at the time of the crimo. A Bhorllf was sent after them, snd @uv. CuLrost made out the neccasary vaners for thelr surrender, but afterwards recalled hie order of arrest, for reasons that appoared valid tohim at tho.time, Tho Kepublican aids that the Governor ‘““has subjocted himsolf to the suspicion of having done it In order to sccura the Mollle Maguira support in his canvass for re-glection, As Gov, CoLrom will bo running in lliinols and notin Pennsylvania, the Mollla Maguire support will not be of the slightest consequence to bim, CANAL IMPROVEMENT. * 3 credit to sny canal or’ railrosd, hope by @I’ B @tibzt‘; 2 present low mtes to so decrense the business 4 & # | of tho canal that the expenso of its maiu- > tenance ocannot b8 provided for out of the TERMS OF SUBSCRIPTION. tolla collected, whey, it is caloulated, tho BT MA—IN ADYANCETOSTAGH FREPAID, | Stato will b by tho Coustitntion compellod Ewg; Editton, one year. . $12. to abandon the canal as not self-suataining. anday RAlton: LIterary p Renalizing tho dangor to their own intdrests $:38 | arisic ~ ~nt of meh o rosnlt, the farmers have .8 1.60 | begnu .. agitate tho question of moting ‘g:w togother for the support of the canal. The a5 10:08 first of o series of meetings wdunl:hnnd :u Epecimien couits ded esterday held at Ottawa, and othersof a s Pt dca saares B 121 "d"‘“'"" sate aed | 2 Miad will shortly follow. The move- Temittances may be made efther by dratt, expresh | mony {s ontitled tn rocoive tho sorious atten- Pm‘omu-:,';"‘::; fi%fi;“:&?fifl:’.fi" e tion of tho Legisloture that is abont to - fiatty, deifvered, Sunday excepted, 23 cents per week. | convono ; {t will pot ba safa to ignore what fiy. delivered, Sunday Incinded, 30 cents per week, a1 $ hel o e CONEANE, the farmers hava sot their hearts upon. Ordenrior ha detivery e e at foontten, | The extremo cold woathor of yestorday— Foglewood, and Hiyde Par jeft in the counting-room | she mevercst of tho winter thus far—has e B i ] fonnd Chicago roasonnbly well ‘provided for TRIBUNE BRANCII OFFICES, such n contingoney. With fnel at tho lowest “‘ et point ever known in the midst of = cold b Ao TATRENE has estadlfshed branch ofc :E::g{::;emu aTotione. end Bavertisments ss ;:3:'&;’; tie ng:;:n:%?-l;: ;;fi:;*:g a9 NRW YORK—Room 20 Tribune Rullding. ¥.T-Mo- | largn deporit of smow has prevented a vast P N medeT o0 16 T deia Grange-Bateliere, | omount of foconvonfence and damago M. anLre, Agent. a Bt through the bursling of water-pipos con- “’;‘;;“:’g"b:‘,““““;;‘:fl_m Rachange, neoting with tho strcot-mains. By the re. bAN FRAN Cal,—Talace Hotel. ports from all parta of the country it is ovident that the Arctio eplsode is vory gonoral in its occurrence, and that o " ntres Chicago has not been singled out as an ob- llldenlm!r;::v:‘:;;::::n ::i Bt et of specinl spite. Districta to the north- ment of the Titus Opers Compavy. ** Bell ward and a hundred miles or more south of aille.= u# can point’ with pride fo even lower First of a Serles of Conventions to Be Held at Ottawa, Il The Improvement of the Ililnolg & DMichigan Canatl the - Main Object. Ratlrond Competition and Threatened Imposition Incidentslly Dis- oussed by the Farmers, Congress Will Be Askeq to Enlarge and Decpen the Ilinols & Michi- gan Canal. A Petition Having This End in View Adopted by the Conventiop. Spectal Dispateh fo The Triduna O1TAWA, Jan, 2—The Orat of a series of “* canal conventions’ to be hetd in the counties bordering on the Illinols & Canal, provoked by the threats of tho raliroad companles *'to dry up the ditch,” was held In the County Court- House bere todlay. From couversations with prominent men it was learned that the farmers - did not seem to reallze the danger ahead, they belng ignorant of tho fact Shat it is within the power of the railway corporations to carry but their threat. By cutting rates so low (throtgh § rebates) as to drive away business . from {3} the canal, they can deprive it of fjts \ was digmissed from the Agoncy, and Lieut, M. 0, Foor, of the Ninth Infantry, was#lotail. ed for Agency duty., Ho founa that tho Aup. plics were roduiced to a starvation minimum, e —— P y ; B i 'm‘_'l"'t;m"e'yi;‘; Thontro. gagement of | DOiches resched by the meroury than bhas | goubtad whother,tho most dotermined efforts and loans hod to be made from the military | payments in bills on Parls, if not so numer- | The Hon. Cranuzs H: Pmisuirs, of Lake ;“"n“,:.‘h:,:l:““;:fiml:;: p:"nuu:m:;cdl: o the Berger Family and Sol Bmith Russell, been the case hersabouts, and on all hands | g that time conld have prevailed upon tho | supplies at tho post. Whon Howanp was | oua or so large na in those on Loudon, | Mills, Wis., whose sudden ueath of heart dle- | jg grder that the 'keeping up of the highway it in agroed that as ** a spoll of woather” tho | poople of this conntry to face the triala and | romoved, he reported on paper that ho was [ Wore so froquent as to cessa to be novel. tasc on New Year's Day hus alfeady been 80+ [ wi)l not bs solely dependent upon the tolls, —— R L Ll o P second day snd night of the now yoar have | hardships that wore even then inscparabla | foeding 0,170 Indinns. Liout, Foor's consus | The time whon competition for frefght on pounced by Lelegraph, was ono of “the Fepre- | Anq it s for the purpose of gentative men of his adopted State, Ha settled n Wiscunsin over thirty years ngo, and though .not an educated man, yet, Ly the force of bis industry, economy, and good busincss sagacity, amement of Mis Fanny Daveaport. *+As You Like | been eminontly distinguish from the preparation for resumption. There 1t had then been but the merest taste of tho in- toxicating stimulanis of aninflated currency, showed thot there were but 4,774 Indians all told at the Agenoy, and theso 4,775 wero better fed by him than they hiad been by grain and provisions from the lake cities to tha Atlantic ports, thero to be shipped to Liverpool, has also passed, and now bills of CREATING PUDLIC SENTIMERT among those epectally tuterested fn favor of the required leglalation that these conventions aro Academy of sasle. Yesterday's subsoriptions to the 4 per cent Tialated streol, between Madison and Monroe, Va- | loan in Washington reached the enormous to be held. That - and we are inclined to think that tha subse- | Howanp with supplies drawn for twics that | Iading or contracts for the transportation of | amnsscc a finc fortune for hle family, and se- L{,’m,’cd'.. was ,:pfic",},’;’;:,",:,:'{:, :;,l:;m;.:ll, 23 Tety entertaloment. and unparalleled figurs of $8,500,150,~by quent dobaunch twas inevitable, A people, | number. In March, 1877, Liont Lez took | Western products are made in Chieago | cured the respcet and favor of his fellow-citl- | oot wenther, which ‘preventod tha farmers from et Hamiin's ;:"'3“‘:;4l iy {," ‘;fiba lnrgoat d""“ ?n"" h":“dh"; th:;o liko an individual, needs an cxporionce of ita | charge and soon unoarthed & seriea of frands | for any port in Europe. All the trunk rall. | 2ens He was a succesefal and represcatative | griving into town; still there were about 20 | Sarh Mt LRl OBSE AT, 008 CAY, o groat rush for the | ,on hatore it is thoroughly satisfled as to tha | perpetrated by D, J. MoOaww, an Indian | wnys will now cortract for freightg from ’l“"';’“‘ ‘&"" devuted much timo and - money 10 | presont (among them Canal Canal Commission- * popular loan is largely due to the fact that | ., courso to be pursued. freight contractor, which will carry off the A Ureeling of hisoded horses and eattle. Mr; Chieago to nny port in Europo, nand such are the facilities, both by rail and steamer, that tho thing shipped will not ba delayed an hour,—a stenmer praotically walling at tho dock to racelva the froight ongtho arrival of the train from tho West. Tho vast incrense in ococean freight facili- tics, and the nbility of every trunk line to contract for freight from any poiat in the Grost Wost to any point in Europe, must have the offoct of choapening transportation gonerally, and every penny saved imn the cost of trausportation ia a penny added to the price of corn at tho place of production. For all which the peoplo of the West hava reason fo boe very grateful. ers Glover, Bhaw, and Kingman), and conslders ablo mterest was manifested. Tho gatheriog was called to order by Mr. Elisha Howlaod, who was elected Chalrman, George B, Schafer was chosen Scerotary, and J. G. Armatrong Assistant. The Chairman stated that there wore a nums ber of bentlemen present from abroad, whd could tell the presont condition of the canal, and what was needed for jts porpetuation, COMMITTEN APFOINTAD, On motion of 8. E. Parr, tha Chalr appolnted the followlog Committeo on Resolutions: E. F. Ball, L. Bangs, W. H. 1. Holdridge, Bam- uel E. Parr, and D. Conter. , Commligsioner Glover was then called on, and sald when the Btato was in {ts infancy Congress granted to the Biato overy alternate mection of Metropolitan Theatrs, at the flrst of the yoar a vast amount of Clark strect, oppovite Shermon llowse. Vatiety €0~ § money in placed on the mdrket for invest- Jesian Wl L mont that has been received in tho form of ¥ Herstey Dusle flall. gomi-annnal interest, maturing principals, m;\ &;fl‘;‘llu‘:ylfn R ote. Al thls money, which formerly found 2 its way to the savings.banks, now moeks in- Lake -nun.“rl.:'nun'r‘“\g'::;‘l:za’;'firng @rand | vestment in the 4 por conts, which are safe Skating Carnlval, from tho clutchos of absconding Bank- Plymonth Church, ‘Presidants and embezzling Cashiers. Then, Michignn atenus, nesr Twenty-slxsh strset. Mr. T | oo, the facilities for obtaining theso bonda M. Bmitts Concert Compan: have boen incressed by the actlon of tho Becretary of the Treasury in authorizing the receipt of greenbacks, as well as coin, for subscriptions, so that there is now no form of legal-tender that cannot bo readily con- verted into Interost-bearing Governments, PuinLirs repeatedly represented bis disteict fo the popular branch of the Wisconsin Logisla- ture, and was tho member-clect of tho next Btate Senate for Jefferson County. The vacancy 10 the Henate oceasfoned by his death will be filled by a special election, to be held nnder proclamation by the overnor. ————— Measrs, HiLi, Goroo#, and the rest of the Confederato Brigadlers in the United States Bovate may as well look out. The I.0.-U. prints some stroclous lines, probably tho product of some massive brafin connected with the Liternry Bureat of the Grand Pacifie Hotel, which glves n now reason for Looax's clection, Bere Io on extract: On war's grim field ho med this crew— An-Congress 1et Lim moet them toos Tho noidal ocourrence of resumption has boen attended by no disturbance or commb- tion whatever. Tho events of yesterday in Now York and the large commorcial contres attest this. Tho disciplino and tho necessi- tlea for resumption have been provided by the gradual approach to the goal during the lost fivo years, The chango at tho lasthes ‘been as casy and natural as it waa n year ego in France, The duty that faces the country now is {o maintain resumption. Gon. Gan- rELD is firmly convinced that thu will be done (1) beoause public faith, good govern=- ment, and the prosperity of tha people de- mand it, and (2) bocause our financozarsina pulm for scoundrelism over anything yot discovered in the operntions of Indian rings. Immediately upon taking charge, he discov- orod that in o contract for 550,000 pounds of corn to bo delivered at the Ageney thore was a doficloncy of nearly 200,000 pounds, a do- flcioncy which e hiod to make good by bor- rowing from the military authorities to meot tho necossities of the Indians under his charge, McOaxx did not confine himself to stonling corn, but by the system in opern. tion, of nllowing him to make his own billa of lading, he conld ship ns little as ho plonsed. It offerod him every facility for rascality, and he improved his opportunities by steal- JIOME 1.ODGE, NO. 304 A, F, AND A, M.- Neanlar Cammunieation this (Friday) ‘evening at 8 oclock, Every member {s Teqriested tobe present, 1o make arrangetiients for attending the funeral of our Tate bratnor, Morgan L. Kelth, Jt., Esturday moratng : Onr hosts which saved our flag deeldre Jaud from Chlcago to Its termination tos!d In the BTk BT e whinsembieat (O AR S! | Fr0 Lotor mo commisslons wil e allowed on :c;:dltlunm to r:]:uhr it an euy'mnlwr. He 1‘:8 ix:n::::fl ""f”“gf' t;if flour, beans, coffoo, mTll:‘:N;x‘ “l:hl the ;““;Pg": :‘ the ’““:':ld Thnt LooAX 100 should mast thom there, construction of tho canal, The grant provided {imcazn chinwier, No. 127, are reuneited to moet i | ooy aobecription for less sum than ioves that the perasnency of specie pay- | Bugar, m, ete., Btoaling was not the only ar A8 LIS, Disos 0 ocen trado | Ag Senator Oarrspy knows somothing of | that the canal should be forover free to the S8, wRSTERVELT, Secretary. monts can bs threatencd by only two cir- form of rascality practiced by the Iowanps cumstances, viz.: (1) Bome groat national fifty or sixty stenmers, expecting them to and McCanxs, 'There was fraud in welghts, $100,000. yiolda profitable return, is of itaolf a crush- ywar's grim fleld,” ho will probably see that LAMAR aud othera do not Incite another rebell- United States Government. 1t the State failed ] to construct it, the land sold was to be paid for APULLO COMMANDERY. NO, 1, K. T.—ATTEL- ILLO ) GEN. GARFIELD ON RESUMFETION. calamity, such 08 a, new war, or a genorl* | and what few supplics wero recolved wero far | {ng commentary upon the jobs and schemes | fon until Joux fats there. aud the balanes revert to the Geoeral Governe Ulom olr Rollie TS M0, e oo ‘Wa print this morning tho address deliv- | failure o'g crops that should tux:n tho balanco | below the standard required by tho contracts, e to offer subsidies for mnuing steamships, ‘When busincss offers that will offer logiti- mate return, the maoning of steamships, lika the running of a flour null, may be wisely left to private ontorprise. In thiv case, though thore aro o fow steamships built in this conn. try, the great number of those added to oar oconn commerco are of foreign build, and’ compolled by our inexorabla and sntedilu- vian navigation laws to entor and dopart our portsundor & foroign instead of an Ameri- can fing. ment, The people accepted that grast upou tho condittons named. And the question was presented whethér they could take the lands and sell them, aud, after o lapse of a fow years, turn around and say to the Governmont, 4 We prowised to maintain the canal, but now wo don't fecl under any obligations to do it The peonls were not ounly fn honor, but legally, bound to keep the canal open. They had no leverage an the rallroads. How could,they cou- trol thelr chorges? If thore wos a canal and o vavigable river. through the State oo which products could bo sbipped they would ba the incans of MAKING TR RAILROADS ACT PAIRLY. With tho caual wiped out, it wouldn't Lo necessary for them to go to New York to make combinations to pool their earninge; they could dlctate such terms as they pleased. Could tho farmers afford tostand up and ses the caoal go dotn for want of proper action} Mauy had the mpreaalon that it was too late to do auvtbing, 1o view of tho constitational amendment pro- hibitiug the aoproprlation of any money for the cansl. Hohad no doubt the railroad jotercst intended to, make that provision o strong that 1t couldn't bo got sround, but ho belleved they hiad not dono 80, The people should tell their Rrievances to thelr Ropresentatives 1n Congress and Iliinots, sod what thoy expected them to do. When they spoko . THEIR ORDERS WOULD BM OBEYRD, e adverted.to the canal properly, and urged the (nstruction of members of thd®Legislaturs to pass & law putting tho propefty under the control of the Canal Commissioners, to be used in an emergency, This would enable somo re- palrs to bamade. e dida't want soybody to underrate the power of two or three, bundred miltions of dollars in the hands of a few men, The canal had that pltted agaiost it, and thoss rocu wers unjustly, unfairly, and fllegally tryfog . to wipe it out. United actlon was nccessary prevent this. iy MR. JOHN ARMSTRONG & . inqutred whetber tne Canal Comuissloners had done thelr duty by revorting upjust discrimina. * tlons of the raliroads to the Rallroad Commis sloners., & Commnitsstoner Glover sald they had, v Mr. Armstrong ssked ir tho canal property waa rented, and what was done with the monvy. Commissloner Glover roplled thata portioa ‘of the water-power ood land bad been rented, ° The proceeds wero spplied as other moneys be- Jonging to the fund, ME. WILLIAM BEDDICK 2 sald {f tho Brato bad properly boen represonted on the ola Board of Canal Trustees there would pever have been gny trouble, for the charter of the Rock Taland Road required them to pay the same toll to the capal ss the New York roads pald to the Ere Canal The ‘Trustees overlooked that proviafon. fow were the pébple to get out of the diffculty | Under the brovistons of the Raliroad law there could be uo discrimivatlons, directly or ju- ' directly, DBut the Commlissioners must not be expected to huot them up, I the people had complaiuts they should lay them before the Commlsstoners, who would examius into them. 1t might be noceasary to have a law to regulate commerca between the Btates, but for this local matter patriotism was the remedy, Farmers should not se)l thelr corn to men who did bual- ness on the railroad, The Secretary then read s dispatch from W. A, Bteele, In which he sald he had to go to Chi- cago, addiog * God prosper sl| efforts to com- pass our great work.” Mr, Armatrong called attention to the falliog off in canal tolls., " Mr, Glover said thst the reason was that the Board had collected as little money as possible from the people, made the tolls as low as they could and kept thé caual In good rubning order. . - Mr, Hart, of Earlville, asked if there was any remedy, through the Rallrosa Commisssoners, against rallroads If they cbarzed swolform rate sbroughout the length of the canal, ss much ra( loug as for short distances, . Mr, Glover thought that was an evasion of the law. He didn't belleve ths roads could goto New York and make srrangements, aad dis- crimiuase against the canal. = Mz, Hart could not sce, it the raliroads chioss to carry zraln below @ profit, whas remedy there vould be through tbe Commissloners. Mr. Glover looked upon the cisim thatthe rouds wera sending stufl out of tbe Blato on through bills s : P A MNRB SUBTRRYUOR. Cansl-Commissluner Kluogman sald .{t was underatood that the raliroad compaules, by sn arrangement with tbrougn-lnes, got a rebate, sad allowed §t o shippérs. He had corre- ' sponded and seea shippers, but was unable to get proper evidence of the fact. The mon who — = bad the sdvantage wouldu's tell ofit. Whab Miud you! thls 8 cot o guldeu 8ge. 4 the Board wauted was witnesses, a0 that they | clack . Ti., prompt, Fatarday, Jan. 4. Wi ‘tho funeral of BIr Kolght, Morzan L. Koltlydr.. {ages th the o of deceased. No. 423 No £and to the deyot; bY ears 10 Rosehill: roturn Dy carriazes from depot 10 Asylum. Members of slse GRS compun ‘oruer of thi mmander, i : - 8. TIFFANY, Recorder. ered by Gen, Jaxzs A, Ganrmup, of Ohlo, in Farwell Hall last evening, under the suspices of tho Honest-Monoy League. Re- sumption was naturally tho theme for his discourso, and the treatment of the subject will be found to bo largoly historleal, ‘Tho openlng of the new year marked the close of, a peculiar epoch, which Gen.' GanrmeLp characterizes na ** tho most momorable of our history sinco tho birth of the Union.” Fi- nanclally and commorcially, and in some re- speots politieally, tho ontire period of the 1ast saventeen years may bo regarded as war epoch, forit was ouly in experioncing the ravulsion from the {uflation and specula- tion that grow out of the War, inliving down the effects of the Panic, and in restoring the world's cornmon donomiustor of values, that tho fufluences and offects of tho War could ba effaced. ‘Tho termination of this remark- nbla epoch, therefore, is properly marked by the resumption of specio payments, This was tho view taken by Gen. Garvizrp, gud it supgested an epitome of tho chiof charac. torstics of the poriod from which tho coun. try has just owmerged. An intolligent and voracious review of theso conditions is cal caulated to impress upon the poople botter than any argumentative discourso tho en- during benofits to be expocted from s por- manent specle basis and safe Lanking sys- tom, and henco wo commend Gen. Gar. rizLD's addross to the perusal of all who are concerned in the material prosperity of the nation, . The War poriod, thus described, was divided jnto two parts; there were several years of inflation and delusive prosperity, snd then came the collapse and soyoral years of continuous deprevsion incident to the shrinkage of values. Thero was a con- stant wrong. - * During the whole period of decline,” says Gon, Ganrieep, * the greditor was wronged by underpayment, and during the whole perfod of appreciation the debtor was wronged by belng compelled {o make ovarpsyment.” The variation both ways in- volved losses almost beyond computation, That of the inflation period was the most demoralizing, because it enconraged gambling Labits and the adoption of unsafe com. mercinl practices; these left au impress upon the businces of the country which it was hord to throw off, Itis estimated that a daily avernge of $60,000,000 was with. drawn from the industry and commerco of the country for tha purpose of gambling on the price of gold; one man's gain was merely another’s loss, aud the gencral inter- ests of tho country suffered by tho diversion of vast sums of monoy and some of tho beut talont and cuergy of the country from business and industrial enterpriscs. Gold gowbling was supplemonted by unpar- alleled speculation in stocks of all kindas. The element of gambling, indaod, entered into almost every form of business. The importer took his risk on the price of gold every time he' bought a bill of goods, and tried to protect himself by an increnso in prices 0 lorge as almost certain to cover the possible incrense in exchange. High prices ‘wero thus promoted on all sides to the extent that our home manulacturers were excluded from forelgn marksty, sud our vxportations limited to tbe breadstufls, provisions, and staples which foroign buyers could not pro. cure in any other country, American securi. ties—~national, 8tate, municipal, snd corpora. tion—were sent sbroad st the rate of hun. dreds of millions a year, payiug tho highest ticetion fo Limself, Tho contest as to the | interest in gold, sud there was slsa a steady padticular individual to bo put forwand by | @rain of the entiro produot of the precious Poansylvaniu for tho Burlin Mission might | metals,—all {o discharga the indebtednews be ensily sud satisfactorily settled by leaving incurred for the reckless foreign purchascs Tennaylvanla out of the question, sud by au | 3088ested Ly univenial extravagance. The appointment in whigh both Ilinois and the | SPirit of speculation suggested the wildest Distriot of Columbia will claim & pride and { 98terprises, sad bundrods of*fuillions more un iutorust—that of TioMas B. Bayay, were suuk in unproductive investments, e ————— There was & steady cry for more currency, ‘The farmers of Niinois bave begun to | like ** the drunkard's cry for more rum to inguifest an notiva interost in the threatened | stoady his nervos alresdy shabtered by deatruction of the Illinols & Michigan | dnnk,” until the crash came. Thelaborer was Cunal by the railrosds intercsted in its dis- | the chief sufferer. During the inflation coutivuance as s standing check upon thelr | period his wages did not advance at so rapld vxtortions in freight rates. The railroads, | a rute as the cost of the commcdities which relylug on that-clause of the Constitution | be consuned, bat they wero fimst to decling which probtbits the loaning of the State’s | when tho reaction cewe, When sowe of the of trade against us; and (2) hostile legisla- tion by Congress intended to produco some covert oxpansion of tho curroncy which, in the end, will destroy confldence, rosnlt in the disappearance of coin, and neceasitate another suspension. Thera is no renson to apprehend any trouble from the formor of these possible disturbances, but Gon. Gan- rieen is evidently not so well eatisflod that dangor may nat be lurking in unwise Con- groasional movements. He regards tho proposition for the retiremoent of the Na- tional bank currency and tho substitution of Government notes ns a menaco to the main- tenance of resumption, and it cannot be de- nied that the addition of $520,000,000 to the currency which tho Governmont ia pledged to redesm on demand—nearly doubling the prosont volume—might not only hazard the omointonance of a epecio basts, but st & precedont that wonld oventually produco an expansion of currenoy sure to result in susponsion, Gen, Ganrizep also furaishes a strong argu- mont in favor of lotting the bank currency alons, by citing the advantages of a uniform ond safe bauking system, and the facilities uader the free banking provision for enlarg- jng or reducing the volume of curroncy in obedience to tho domands of trade, 8 Gon, Ganyrerp avoided tho silver quostion almost entirely. ‘This {a not to bs wondered at, perhaps, in view of tho position he took when the question first boonmo consplcuons, sud tho evidenco ho Los sinco had that the people demand that silver shall occupy its old place fn ounr monetary system, IHe worely suggested that some modifications may be needed in our colnago law, and ex- pressad his confidence that ong motal will not be permitted to drive the other out of circulation, This ia the condition which it is most desirable to maintain, but it s evi. dent from Gen. Gainrrip's reticonco as to this part of the finance question that he has not yiolded to tho conviction which generally pravails in the West, that an equal volume of the {wo motals can be malntained in this country ns well as in France, QGEN, SHERIDAN REPLIES, The supplemontal roport of Gen. Smenr- DaN, in answer to the roquest of the Secre- tary of the Intorfor that he furnish proofs to sustain the statethonts wade in his annual roport for 1878, poura n broadside of kLot shot into the Indian rings, and disclosca in- stances of fraud, and swindling, and gonersl mismansgement that are slmply infomous, There will be at tho samo time & very general feeling of surprise that the very evidunces which Gen, SBuzntoaN furnisbes aro on filo in the Dopartmont of the Interior, and if they had keen conwulted might have saved tho {njustice of misrepresonting, tho army. Before alluding to the documentary ovidence submitted by Gen. Bueripay, we may note tho exact stalus of the coutroversy botween the Geuoral and Socrotary Scuusa as neces~ sary to a fair judgment of jts werits. In his anuual report Gen, BugnipaN expressed the dissatisfavtion that prevailed fn refor- enco to Indion affalrs growing out of the di. version and squandering of appropriations, the fallure to deliver supplics promptly, the iusuficlency of food, and 'genoral wretched mismanagément, To this state- ment Becrelary Souuvrz took exception and requested Gen, BuzsuaN to call upon Gen. Buxmipay for proofs, Au (Oen. BuERIDAN, however, did not feel it incumbont upon him to jsnsiver unless the Genoral of tho Army and the Secretary of War, to whom the report was mude, expressed a deaire for the proofs, be did not unswer the first Jetter. A second request 5000 came, very disagreea- bly personal in its character, and casting soma doubt by imputation upon the Gen- eral's ability to furnish tho evidence. As the second request was formally indorsed by Gen. Breuliay and the Becretary of War, Gen, Bursipan promptly replied, as wo bavo said, with a broadside that must aston- ish the Beoretary of the Interior if he was really iguorant of what was going on in {he’ Todisn branch of his Department. If he was in earnest in his statement that he waozted tha nioofs 50 us to prumyptly corrcct The treaty obligations with regard to an. nuities wero violoted with impnpity, ' Tho roceipts are signod by Indians who cannot read or. write, and therofora do not know what they are signing, whilo the witnesses sro employes who hold their ‘positions at the will of tho Agent, and aze nof, therefore, disintorested parties. The system of trans. portation fa guch that the Agont cannot know whon supplies are shipped, Lhow much la shippod, when to expect them, ha®% much lo expoot, or whoro to’look for them whon they aro dolayed, Everything is in confusion, everything mimnanaged, sad Lient, Les s cortainly justified in his gonoral declaration : “In concluding this report I desire to atate that, from what experience I have had s an acting Tndian Agont, I certainly have no desire to ovor be called upon to perform such dnties again, but at the same time I wish to stato it a8 my candid conction, which has strengthoned with exporiondd, that no per- manent good can bo offected for the un. civilized Indians until a radical change is mode in that system which ropeats its disasters every fow years.," It is also due to Gen. SHEmIpaN to say that tho voluminous ovidonaes which he has submitted complete. 1y corrobornte his yvidonces of tho causes of the Indlan troubles made in bis annual report, aud justify whatever of criticism up- on tho present system thia statemont may havo implied. As theso statomants were on file in tho Dapartment of the Interior, with ono excoption, at the time this repprt was made, it would go to'show that Bacretary Bottunz was not justified either in the do. maud ho made upon Gen, Surrinax or the doubta which he cast upon his veracity. Gon, 8nerioax hag now placed upon the Bee. rotary tho burden either of proving all this official evidencs untrus, or of golug to work to correct this horriblo mismausgement which helps to keep tho Indian hostile to tho Goverumont. *, The only man in Cincinnatl that Chicago really covets {s Mr, Revsen Spminazr. You might think that we hankered after that truly pood man Deacon Ricitann 8yiru, of the Ga- zefte, or the brilllant and versatile HALsTRAD, of the Commercia’, but not so. We pino for Mn BpriNagn. Hals the mun who bullt thelr great Academy of. Music and made Tngopoxs Tuox- As a posalbiltty to tho lard-oflers, and next ho offercd $70,000 more, If the ciilzens would ralso $100,000, to erect buildivgs for s grand Expost- tlon Hall. Chicago has' mang slchér men than, Bruingze, but they seem to lack hls publlc spirit. i £ {tisa fittle curlous that when so much Im- vortance scems to bo sttached to “TnunMaN's runbing for Governor of Ohlo in orderto geta good start for the Presidency in 1880, that no- body has suggeated old Blue-Jean WILLIAMS ns a probable candidate, Ichas alrenay tested his panularity by belng elected Governor, of Indl- ang, and bealdes, o posscases many character- istics to endear him to thehoart of the rank and file of the Democracy. Why not give the old mait a chanco? Uut West ho would run likea* stoer {n a corn-feld, e e ‘Tha rigors of a New England winter ara only huown in history, With any smount of snow in New York, lca thick cnough to harvestin Missourd, and tho thermomcter at 20 below in Chieago, the Boston Jferald says: “ Wemove up and down the River Charles fn a rowboat, and seareh in valn fof materlal with which to form a snowball; Indced, wo should bardly know it was winter but for the winds, whicn aro chilled Iu thelr jouruey o the hore." —e—— Loaax's Literary Bureau have promulgated the follawing General Order: . Pactrio Horer, Dee. 11, 1878, Any nowspaper or tho cditor ahsll ‘sdvocato the election of one Ricuann J. OaLxany to the Benate of the United Btatod 30 Jong me Jony A. LouaN fs o candicate therefor sball be snmimanly bounced out of tho Republican party, as said party belongs 10 the sald Jorin, Ay order of Long Joxxs, Commander-in.Chlef, Dax Suxrany, Sec, —— New-Year's Day was u sacl ouc for 8ax CARY and all tho other flat orstors, **Othdlo’s occu- pation's gone,” Dut then lecturiog on phre- nology, sawiog wood, teaching school, and other honest avocations are still open to men of abllity und grit. It ls ab appropriate time, too, when the Government resumes speclo paymonts, for all theinflation mountebanks tosesume sotas lonest way of gettlug a Uving, e —— Mr. Warrensox took a look at the. political situation on New-Year's Day, and wheu his sud eyes foll upon his own party he exclaimed: + And tho Democrats—the pour Derpocratel As usual divided among thensclyves, and, whea ot sucking their thumbs, twirlmg them at one an- other.” But Tuunuan says * Thuwmbs up,’ which 1 better thun sucking them, et — The New York Sfur bas revived the ides that the courtly, accomplished, and romantic bach- elor editor of the New York Tvibune la the only wan i this country who can curb Miss ANNA DickiNson's restless yearnings after the la- possible, Ntae- .FRIDAY, JANUARY 3, 1879, THE ANRUAL REVIEW. We have strnck off an extra edition of Tnm Trinvxe contalning the Review of the Trede, Cowmerce, and Manufactursa of Chicago for 1878, It Is the mast thorough and complele Annusl , Nteview that has yet been produced. Business mea should mall coples to their friends and ac- qualutauces everyjrhere, Singlo coples fn wrap- pers, fivo conts; per dozen, GO cents; and por 100 coples, $1,00, 51 Atnlato ening Oarxn Cosnixa lay in tho finnl stages of dissolution at his home in Nowburyport, Mass., and it is hard- Iy probable that he will be alivo at the rise of this morning's sun, On theiast day'of ihe old yenr Looan's Literary Burean, with * book, bell, and can. dle,"” solemaly excommunicatod Tz Cricado TawoNe trom the Ropublican party for hor- csy. The heresy oonsisted in advoeating Oorxsny for Benator inmstond of Loaaw, which s regarded asa dondly sin by the aforesald Dureau. Tho now test of Ropnb. lican orthodosy set up in Ilinols by the Lite- rary Burcau {s the worship of Jomn A. Looax, Tho Eleventh Commandment formu. lated by tho Literary Bureaureads: * Thou sbalt have no other gods before Jome A. Loaax thon shalt bow thysolf down to him and servo him alone, for he isa jealous god, and will visit iniqaity on thy head it thon ro- fuso him to worship and obey.” After thus formally excommunicating ‘e Tninoxe, on Deo. 81,1878, for violatipg the Eleventh Com- mandment, what was our astonishment on reading tho following interrogatory pro- pounded by'the sald Literary Borean through tho editorial columns of the £,.0, on Jan. 1, 1879: Wo dsk him, - ‘The bursting of a 88-ton gun on board the Dritisk war-ship Thunderer created terriblo havoe. 'The turret in which the monstor caanon was riggod was completoly demol- ished, and soven mon wore killed outright and forty wounded, ' F¥rom a statoment made yesterday to an evening papor intorviewer it will be seen that the Hon, E. B, Wasnnuans is cmphatio- ally not o candidate for tha vacant Berlin mission; that it has not boon, and he does not belleve it will be, tondered to him ; and that, i It wore tendored, he could not aceopt it. professed Repablican, we ask Mg TRIDUNE, piofessed Republican paver, 1f ho and it will support Joux A, Loaax for Sca- ator If It so happons that the Iatter shall ba select ed by the caucus as lhr Republican nomines? If not, why not? Aftor the writors of this question have read Tox Toiouxs out of the Republican party, howcan they ask, '* Will it support Jomx A, Looan if Lo -happens to be nomi- nated?" If Tue Tasunz iu out of the par- iy, what hos It to do with supporting the nominoe of the csucus? As Tux Tninusg s excommunicated by the Burean for de- clining to urge LodaN on the caucus befors it meots, how could it “*support” him for Banntor after it adjourna? We respectfully submit this conundrum to ‘the Litersry Bu- roau, a8 we give it up. thereof who A fire at Elgin, Ill,, yesterday, threatoned tho destruction of that thriving city, as the intenso cold interfered greatly with the use of the ordinary appliances for extinguish. wont, aod an unfortunate combination of clroumstances provented tho prompt sending of reliof from Chicago. As it was, tha flames were ot length subdued, with a loss of sume. thing over $60,000. COL. 8COTT'S OCEAN TRANSPORTATION, We printod some days ago an account of the proceodings of Mlr, Vaxpernivt, acting in behalf of the New York Coutral and ssso. ciated railvonds, whereby ho had secured fourteen ocean-going scrow-steamera intand- ed oxclusively to oarry freight betweon New York and various ports in Europe. Almost simultatoously with this anuouncoment was another that certaln persons liad made ar- rangomonts, to go into effcet during the presont month, whereby fourteon ocoan stoamers, intended (o carry freight, and having special adaptation to carrying Jive- stock, would bo put on tho trade between Boston and vatious ports in Europe. Wo liad for the moment forgotten, when com. menting on these enterprises, and until re; minded by a correspoudent, that a somo. what siwilar arrangement had beon plannod some montha ogo by Col. Scorr, of the Peunsylvania Railroad. This Company has had for» long time running in connection with its busiuess the American and Antwerp lines, sailing wockly from Philadelphia, and Lus now sccured two other lined of stcam- org, ond thus has now three, and pfter March 1 will Lave four, largo iron steamers leaving this country per week, not including those which lqave from Baltimore. IHo has done much to facilitate and thus chespen {rausportotion, ‘Lhera are now two large elevators In Philadelphla, The same Com- pany has had au elevator in Baltimore with o capacily of balf o milllon of bushels, aud is now building there another capable of holding two million of bushels, This will give the Peansylvania Company four Jarge elovators at whith to reccive und discharge freight, and four large oceean stcamers por weak for ocean freight business, In puint of fact and .of _timo, thereforo, OCol. Bcorr is the ploneer in this uulon of railrosd and ocean freight business, and VaxpERsmT Las really been compelled to do what ho biag done in order that his roads may be abls to bompete with the linca of the Ponusylvania Company. - Hero, then, the new yoar will wituess the substautfal sddition to the ocean transfor servico of fourteen steamers in Now York, fourteen fn Dosten, and fourtcen in Phils. Dompater Hall, o large building now be- longing to the Northwestorn University at Evsustou, and used as n domitory, but for- moerly the seat of theological learning known us Garrett Biblical College, was destroyed by fire lnat evoning, As §t was in the midst of the holiday vacation the students wero absent from the bullding, and the danger of loss of lifo which might otherwise have exist- ©d was averted, ‘The affairs of the Republican party of 1linols have been placed tn the hands of & Literary Bu- reau appointed by J. A, L., consisting of Dan Sugranp, Dr. LooaN (ex-Minister), ¢ Long' Joxms, Col. Pexx, and G SoMmmmony. The chief business of the “Burean® at present is writing cditorials aud commualcations for the 1.-0.-U, and couutry papers, and reading out of tha party all Ropubllcans who decline to support the progenitor of the aforesald Literary Bureau. Qen., VoLEsnY refuscs to support Looaw for Senator, so they put the “old war-horse’ out. Farwxty, has declived to pledge himsslf to sup- paort him agola for Senator, Becretery of War, Cnicago Castom-House Collector, and for the Cerman Misston, For tbls act of disloyalty they have bounged bim from the party, BSowme rash friends of Jenu Baxzu have proposed his pame for Benator, ana the * Bureau lave a a elipnocse on a rops ready to holgt him, Tux Cuicado Trinuxg had tho temerity to express a dealre for the re-eloc- tlen of Gen. Oarusay, and 1t Instantly suffered expulsion from the Republican party. Asd ro It goes. Thes'*relgn of tervor® .was uothlog to the discipline of the Ljterary Bureau. No baud of Modocs ever was 50 fierce and bloodthirsty as Dax Buzrarp and Git. Sounsony’s Bureau. s s o The great and exciting isaue of tha last elec- tion was bouest mouey vs. at mooushine, Tho Republican party and Tus TRIBUNE supported the former, The Juter-Ocean und the Nationals adyocsted the latter. The people of Cook Couuty voted as follows on that fssues * For honest movoy For gt moopsbine Iu tho whols Btate: ‘The Governor of Michigan, in his message yesterdny, made the agreesplo annoumce- went thot no Btate jostitution would come before the Legislaturo this winter with a deficiency in ity funds to be madoe up by supplementary appropriation, Thoreis every- thivg to coramend in this condition of things, aud tho oftizens of Chicago, whose municipal debt is thirteen tines as largo as the dobt of the Stato of Michigan, should be among the firat to make the acknowledgmont, —— A Saonator THURMAN s to speak st Columbus, Ohio, on the 8th just. It 1s posaible he may flop over sgain and take ground in favor of bunest money, If o should dosohe would have the best record of his life fu his favor. e —— E — One of the best names yet wmontioned in conneation with the Herlin ambassadorship iu that of Mr, Toxas B, Buyax, formerly of Chicago, but of lato years a vesident of Washington. A ripe schiolar, an accomplish- ed linguist, a man of wealth, culture, and large experience in tho practical affairs of life, Mr. Buvaw ix by naturo aud tralning peculiarly fitted to ndorp a bigh diplomatio position with credit to his country and dis- TILDEN was present ab the memorial service fn honor of WitLiay CurLes Duyanr the other uight, and attructed as wuch atteution as President Laves btweells “The fiat moonshioe tail has undertaken to wag the hard-monoy dog. For particulars as to Low 1t Ls done, Juqulte of Jouxn's Literary Bu- reau. ———m—— Ervery lnflow who owes mnore than he can pay 13 of tha opiulon that there is not mouey enaugh 1a the country for the demands of trade. s:2 e — They drove well together yesterday,~—the bright chiestuut (old) and tho spaukiog gray (tllw.r;. ——— The Gold-Reom in New York bas beeu closed. Teis Ligh time. [t did bamn emough while it ‘The organ of 1 Justeds ‘TRIBUNB ous of the honest-monecy party be- cause Jt recommended the electlon of Gea, OaLxssY to the Senate, § No mosquitoes sang Baby Mine to you as you dropped to sleep last night, ~ | The preference for dark horses scews 10 ba on the iocrease. “The pale alr’ was white with frost last night. ————— 5 Beuator Hows snd bls wifc bave cajled at the White House, sod Mrs, GRUNDY ssys that they were eordially recelved by the President wnd Mrs. Hlayea. Mrs. Hates snd Mrs. Hown woula flad no difficyity lu pessiog 8 ball bour plessuntly together, but it woust bave beco o | |