Chicago Daily Tribune Newspaper, March 13, 1879, Page 10

THE CHICAGO TRIBUNE: THURSDAY, MARCH 13, 1879—TWELVE PAGLS. TIROPEAR GOLD DEJIAND. oged Higher Valne of Gold in Rela- tion Both to Bilver and to tho General Range of Commaodities, o Latest Conclusions of the ynited States Monetary Com- mission--~Is Gold Bo- coming Dearer ? 'y Bteady Ooncentration of Chat " plotnl in Bingle-Btandard Countries Bitce 1872, yerensed Production tho Only Meaus of i Sopplying the Xucreased De- i mands for Gold, .. Bpectal Dispateh to The Tribune (WAmun-mx. D. U. March 1L.—Tho docu. fents accompatying the roport of the United “jates Monttary Commisslon, nrgsnized under aspesolution of Aug. 15, 187, bava flually penvrinted. The documents, themsolves aro ol little Interest compared with the report pub- luted mow more thou a year ago, although Lnoof the papers’ may possess an historical fige. Mr.. Georga M. Weaton, Secretary of e Commissfon, has, however, prefaced this rolome of 1¢stimony with a valuablo paper, the arpose of which {8 to presont such facts as Ju5e becomo known slnce the report was made yhich throw light' upon the extent of the now gmands for £old, nud especially upon tho fact sl extent of a supposed Increased tendency of pold to be drawn fram other parts of the world wfo Earape by the bigher value which it has re- ceotly acquired thero §n rolation both to eflver il o the general raugo of commoditics.* Mr. Feston, fn this paper, saya: Tbls volume complotes tho publication of all the emoisnications, and sl the testimony of wit- yones, which accompanled the report of the sited States Monctary Commisslon, apnointed wder (he joint refolation of Au, 16, 1876, Tho pabiication hos buon delnyed for various . and nna. oidable rearans, and tho Secretary of the Come mifon has been cdirected to collect such facts na Jure becomo known klnce tho report waa made, silch throw Jight upon the extont. of. the ger demanila foF gold, and especially upon the fiztand extent of o suppoked Increased tondency of oid to be drawn from uthor parts of the world Itto Enropo, by the hilgher value which it lins re- ently acafred thierv.in relation bath to aflver and fothe general rango of commoditics. . ‘The change of tne metallic standard of Germany fumliver 1o gold wan decrood In Decembor, 1872 Tt German guid colnoge, which commenced In 1572, smounted durling that yoar to 8100, 000, 00X u been stgadily poraiated in slnco, 4 of Januory,. 1870, It amounted to $418, 554, - #0. The pressure upon tho ceneral gold markot: which was ono of tho results of thy new German licy, becamo marked aud declsive in 1873, I'ho irergenco from thu previous ratio of tho market vilnes of gold and sitver, which was anothor of its realts, manifested {tself somewhat Inter, and did ot 1o fact becomo important uniil 1875, The msximum whichs it haw sa far reachied wos tn 1870, wd {nJuly of that year It was attondod with some drcometances of panic, The natural offcet of the new value thus given to o, fiest In reference to commoditics, but very #an fn respoct to both aflver nud commnoditics, would bo to uttract to tha countrics using gold ns noaey, not oty a larger proportion of the annual phoducs of that metal than lh:( had preyiously -een recelving, bnt whatever availablo mupplies of ftconld be reached in other parts ot the world. Britisls Indin, China, nnd other countries of which ellver I8 tho excluslys monoy, contaln' con- siferably moro than haif of the population’ of the rate. Howover It sy apueat o others,” 1t ap- rmtn them that gold has Liecomo dearor. Ho stas thoy huy -gold for ornamental ‘and con- 1amptive ueos, the-tendency, must by for “them to taylens aa the artiels grows doarer.’ Inchoosing deiween gold and ativer as tho mediom of ndjnets Isgdetts and transactions |with forcigners, tha feadency must be-for them 'to0 uso mare-of that netal “for which- forelgners allow an aaed 14 conntries omrthe doudlo standard,’ such' gold l:ua’{‘m tho by nrlbey may possces awill be nsed "exct &rasrra of thelr-forelen dobte; when urk valgaule abroad suan silver, - T Tn (te countries naing ne_tneir’oxcinaive ‘money rlw,]rgnla. of paperredeemable In gold, a'pressuro: {* o thegold pinrket means a pressure on tho monvy |1 werket, and 44 attende@"by Il the circnmstances witeh attona n contracting vélurio of money, Gald, which, Ja +tholr. mopey,” belug :the thing ot urgently wontad, when its quantity.is erow- - will bl Cfor 1t wherever A6, by Jowerlng tho < prices o they -have to .rell, 8o, " nlso, térwhl call it §h whorever they havo tho right udpdwer 1o callaty-and will cenda to lend it, or knd 18 mcro sparingly. i ko] It uat douvtiul that In ol theso several ways 1he tendency has beon steady, sinco 18732, to con- ¢ontrate, in tho countries usiny gold us their ex~ tluslvo metallic money, such parcels of that metal s were dispoanblu and coutd bo reached. O waree, this inovemunt of concentration, to what- ¢rerextent (b hus been euccessful, hos mitigated b0 mich the prosaure on the told markets, or, viustistho same thing, on the monay markota ot such countrles. It would bo desirablo, but i not poseible, to know cxactly bow much succcss Lo tiiended this movement. Such statistics, how- erer, a8 ara within rench scom to_render it proba- tle (hat tho gold obtained since 1872 n%~ tho coun- tHes uetug"that etul as tholr exclusive mionoy, fum other parts ‘of'tho world, s been princi slly obislned " directly from fho stock of gold mbich was in monttAty nee in 1572 in Japan, and ludlroctly from the alock of goli coins then i1 use s voluntary monoy I India, JAPAN, Thllfeneul statement of tho care Is, that Japan, {01871, estnbllelicd o mtnt ot Osaka, on Lurapean modelt, and also decreed a standard of gold, sl colow belng atruck only for subsldlary use or for insniactions with foreigners at the ports, The uaft of valuo nndar the now system fs the goid ye which s uinc-tenths fine, aud the welght of it oaly elent one-hundredths (8-100) of n urain le iin the welght of tho Amerfean gold doflar, OF thie new gold'currency the Japanoao gold mint has struck rathor more than 50,000, 000'youe, or dol- I, “which havo since mubstantially” dissppeared from tho country, tho ncwual fnternal currency of ¥hich {a now euspended and dopreciated bank- Totes, Theao fol yens were manufactured pru <pally from old Japanese gold colns, ‘Thore tome obscurity about the Japancso ofticlal state. Bents on that pofnt, Vuhlllhu inthe first volumo of tla report, but the apparenily correct con. Sruction of (hem Ja that tho old Jopancws gold €aing turnished weycen-oluhtha of tho matorial of the Bt gold yens, Veory Jlitle of tho gold, &t an £te, was Imported, but it waa substantially all Wken from tha old stock, aiways roputed to ba fi('l of that metal, which Japan had accu- Xulled from fte mines, but which It hos Jost undar its present system of forclun trade. About thirty miliions of the now Jupancso gold t0s, or golfars, can bo troced aw haviug suud iy to England sfnco 1873, aud it {8 not doubt- 181 that athl} more of them huve renched tho samo Saatination turough ldircet cuannols, Upon thix feoera; view it will bo scen that Japan has cuns todted o vory Important sum of gold within a #a0et period for tho uses of Kuropo, Ulning auch exact figures aa cau ba obtained, it svrm- hat no gold yons were colied prior to ulv 31, 1871, ang that in the thres following years 126 coinage was as follow; ;m ending July 31, 187 e enafug July 1, 167 Yearending July 81, 187 S z Yenas or doilars. KY, ¢ y ) 102,014 871,772 40,023,387 m"'fivnnmheror =old yons coincd sinco has becn rontlderable, forparevort of the Dircctor of the Japanese Alint t1ho year endluyg July i1, 1874, 18 tho following “,antv:z 10 the gold colnage: o1 Jero 18 a marked falilug off in the colnage of h Which was to bo ospected, for not only {by tbe rato of pxcounge ruled ngsimet 8 advantage of colning gold, but the equa} fuouUNt in circulation may be consldored h‘fi" ‘o about $1. 50 ber hoad of the entire popu- oy 1 Of the country, oud It s scarcely probuble {lmu Jucreno wiil be nocesuary, 3,605, July 81, 1874, to June 50. 1870, enly . uT.857 cold yenu wer colied & Tm’!fifi‘;“l : Ja7e, only :s:.-lrl.lr.'ml were cnh‘u:d} wing arc Japancee oiticial atatements of 13p0rts ang Xports c:"gom'. x . Jnporta, Salendar yeat 1870, , b nl{tndlr Year 1874, , Piyoodar your 1874, .. 3 8,120,260 Yoot six mouths of 1073, 24,800 7, Lild, 004 3rending June 30,3876 1,010 . 7,080,243 “plotal, .. b aliovy"‘sxport ¢ with tho oxceptiol uring (sia period, w el xport During the year rie, o 5kai e 614,065 2,043,120 §27, 040, 534 St conaimien of eoloed nof 815,312, | u, a8 will bo soon, the bdgoa.uu, Lo met pxport of all 76,00, m{l ddltion to tho fnre:tnln ) the following state- "W‘r\ Biven ju the Toklo Zimes of the Japancso UG he o of coc TOF i Sest ke 23 dus '40“1:7‘:':‘ louw of eac Yeskon ~ Yana, or VoW dofiara,. 004430, 840, 70| voees 1,012,040 gold was Ver was uty $1. & }mn 4 “;lmn . t hl: the otlclal Dritla Statiatical Abstracts Japan 'mul scparately nauiod nmong the counteivs from ivios Britih gald finporte are oblalued. Aftor rad thy exact wonrcos of nearly all the gold fn- "vl.A' they mugw the remainder as recelved from s er count |y The sutng of gold 80 received FIOg the cluven years endlng with 1873 averaued :o!nh not doub\lul’_;i;u this export was chiefly §n’|" annually ofly $740, 953, and then suddenly sswolled 10 the falldving proportiona: P, PSRN $ 7.830,0% 107, 7,270,100 seese B,011,812 ‘Tho talles of 'ihe London Eeonomist give the Tirithials jold imports from Japan o follawa: 1878 S 1,778,100 6,857, 76 B 137,006 5,000,100 aIng four yeam the lof gold othorts 1o Japan were. un’{ $4U1), 000, ablen of the Etonomlat glve no soparate ro- of gold imports from Janan prior Lo 18706, but tfaapparant that the sudden increnso ot Iirltinh #old 1mports In A874, noted In tho Biritish Btatistic. ol Abstracts as teceived from ‘*other conntries, ™ came mlncllmll; Irom Japan, whenco the sang In- crease in 1870, 1410, and 1877 fs whown to hava rrlnc}ymur come, 'Tho Britien direct gold Imparts rom Japan {0 tho end of 1K78 nust ‘havs Leen more, rather than fess, thnn $:10, 000, 000, The condition of the forcign trnds of Japon, which has civsed an ountflow from it of tho'| reclous motale, and eupeelally of gold a: o most avaflallo. for nso’ with® Eura. pean merchants, n described {n the Norih Amerlcan Zeriew (Novemberand Decombor, 1878), by s Japanexa.writer. Matseymna Makom. Ho eiates that with a forcign trade, in which the im- pria and oxnorte togothor have averaged annally 0, 805, 100, thore has been an aguregate balnnco against Japan of 801,608,802 during tho elght and one-bAll years onding June 30, 1876, ar at the average annual rato of 87,256,164, Tic states that durlng the year ending June 10, 1877, there was & balance In favor of Japan of 82,000,000, in con. scquenca of tho extracrdinary prices for raw sill, Lut that the returns for the next year, #a far aa ra. ceived, shiowed s relapse into tho old condition of things, . Thflu writer saya of the effect of the trentles of 1858 nnd rubsequent years with the Unfied States and other countries, Testricting Japan to very low ratesof import dutles: **'The country was deoleted of ts treasnre, and whileJapan wae flooded with unneccessary merchan- diso ot extra ’i‘m pricea from Euroican coun. tries, tho old Zeolna—goid and sllver~of the Em. plro wero recoined in romoto capitale. ' The nctunl Internal currency of Japan consists(1) of subridiay stivee cofnm, debased abont 11 per cent below the standard of tiic silver yen, and (2) of Lank-notes - 8o far 08 theso nolen ato redecmed at all it in in the subsidiary silver coins. The Tokio Times of Noy. 0, 1578, pays that the large number of very smail suvsidisry - coins struck during the year ending Juno 30, 1874, 33,701,002 pleces, of tho avurexato vnlue of only $4,0i1,:115, was struck for the epccial -purpose of redeeming certain de- acrintions of - paper, described -as 1)aj Jo Kawon and Mim Bu Sho, whatgver those worda mn{ signie fy. 1t elenstates that the depreointion of tho Jup. aneso paper-monoy_ below Mexfean allver dollars was then (Nov. 1), 1878) 12 per cant, ot rather less than at some previous dates, No grenter anureoin- tion, however, than 20 per cont nad been reached at Any time.. Tho Zwnes insfats, Lowever, that there has been no deprecintion of tho Japanceo oa nanifested In the prices of com- Yrhis ‘may very welt bo so If thiey have deprociated only 12 per cent brlow silver, which, an is well known, has rlscn quito as much as that in value, or purchasing power, in all barta of the world within four of five years, Toklio Zimes snys futthers 'his country makes no protense of any wish to transact businces npon o gold standard,” In the external trado of Japas, nt the open ports, the legal money of payment is the dapancee sliver trade-dollar (ldentical in welght and fincnces with the American trade-dollar), The Mexican siivor dollar is also largely used. The' Japanese Mint law of 1871 prescribes as follows: **For tho convenlence of commerce at the open ports, the silver trade-dollar will-be colned for the present for Japanese or forelenera on application; this will bo the silver coln of commerce, and 18 in- tended to facilitato the operations thercat, This sil- ver trade-dolfar fa solely to be used in‘the payment of import and export dnties and-all other taxcs ay the vpen ports, und In operations betweon Japa- neko and forolgn merchants, ™ BRITISH INDIA, In Indis, whoro eliver has beon the only legal monevof payment siice 1835, rola colns are never- thieless struck at the Indiun mints, and bavoe clreu- Jated, a8 well as British gold coing, ns a yoluntary money to some extent. Bomo authoritics state that zold has constituted herctoforo one-tenth of tha motalifc circulstion of Indin, In the appendix 1o tha roport (1870) of the Uritlsh Silyer Commis- glon, an estimata ia faund that 850, 000, 00 of Drite 1sh gold colna Lad been in uxo in Indfa, What- ever the smount may have been, pold colns of ull kinds® must lave sub- slantially disappeared from monotary use in India ainco the recent violeni clisnge in the market values of gold and siiver. But this disappearance of gold fram uso a8 manoy Las uot manifested stsolf in un outflow of gold from a, 2 1t did {n the case of Japan, but rather in awsisting India to get along with & reduced inflow of gold ior consumption pur- es in tho . urts and .{n. ornemonts. Gold in the orm of colns fn India. has.been .a stock to draw upon for such us As respaciathe Western World the effoct I8 the o, . whother..Indla acnds gola directly tb'Europe,. .ot. takes .lcas for its own mar- kots, 20 a8 0. lcavo mare to go to Kuropa fram the producing countrles and elsewhere, In the direct movementof gold between Indin snil Great Britain thers hos been romo increass of pold recelpis by_ tho latter_ country, but it le not *U'ho Dritish imports of gold from India and ex- gx;lflll’cl gold (n-g:dln hava been as followa: e 4 1863 1884, 18066,, 1871 872, o seens 001,870 1,104,765 1n the ten years from 1863 (o 1872, both inclu- sive, the Dritish groes gold import, and which was nlso the net pold ymport from India, was $10.611, - 210, or at the annual rate oc 81,061,121, I the #ix years from 1873 to 1878, both inclasive, the not Brichal '(uld {mpaort from Indin was S1- 216, or ot the annual rate of 82,407, 460, During tho forty years onding with 1875, Indla ad an nvergo snnual oxcess of gold imports over exparts of $12, 500,000, hut sinco 1857, afier Call- fornin and Austral{a mado gofd more abundant, and as Indla has been more “developed and more rogperous, the' averape annunl quantity rotained ‘)w jt for 118 own consumuptive purposes Las been much moro constdorabie, ‘I'he Indls fscol yoar Sius terminated alnco 1807 on the B1st of March, having formerly terminated on tho HUth of Aoril, The Indla net imports of gold, or cxcess of imports over exports, have boen as follows: . Year, Net imports of gold. 24,205 21,491,170 1878 (soven months onding Oct. 31),, Since tho Indfan fiscal_ year 167475, that fs to aay, pinco March 31, 1875, and down to Oct, 31 1875, tho total Indian Imports and cxparts of gold have'beon as follow 320,410,400 Tmporty Ezports. . 17,481, 426 Tho 8 tained from tho Bu. reay of Btatlutics In rupees, which are hero con- veried into doilars at thu vato of two rupcea to the dol ar. . In somie casca 1t fa possible ta trace certain suma of gold which have passed to Kurope since 1872, which would probably have to Inaia If that country had becn ansorbing ws snuch gold since 1872 a8 fudid durlng several yoars prior tlercto, Thus comparing the five years froin 1808 to 1872, bath nclugive, with the three yoary I87:-'74-'75, tho annusl average of Chincee yold exporta to In- dia foll from §0, 871,081 to §4, 582, 028, whils tho anununl average of Chinese gold_exporis to Greut Britamn rose from $05,160 to S1,080,108, But it doce not soem Imporiant ta go futo minute researchics o fo that claes of facta. it supiclont 1o know In genora! that wo faras Ind(a takes Joss ust be Joft to full under the Intluence lon of that metal toward Europu, ‘Tho, Almum’,ll n{ gold® tnto Ureat ritaln from " Australia average of 80,703,205 during tho ten years endlog with 1872, to an average of $4, 418,400 during tho five years undlnY with 1877, when the anuna) praduction of gold in Anu- tralis was only throo-fourtlis of what it was during tlhio previous ten years, ,During tho years of the Yyt pricea of cotton followne tho auibreak of the merlean clyil war, Indla drow fmme gold from Australla, In the two years ending March 1, 1863, the total Indiru net gold Imporis sggrogated $U3, 601,350, Durlng the same years tho Birstlsh gold imports from Australia fell nearly oue-balt below the average, . . .CHINA, From 1863 to 1878, Loth Inclnaive, Gzeat Nritain exported to China (including Hong-Kong) unly $1,500 of gold. Frowm 1803 10 187, both inclue slve, Britlah ;wllllul?nrl-l from China (including Houg-Kony) werg ! $304,140. Thoy becamo sonyibly Jarger afivr oaly 1872, aa followss DRITISIE GOLL INFORTA YHQOM CUINA AND MONG- KON Ge 811, IMME "The for o 0f on Y Tustricte Aeale, n:m nlio it jmporta sud oxports of both KUK ‘sud wilvor, In respect to goid, it isdes Aceived in general torms by Mr, Soward, tho Amerls Surt Minlter Lo China (veo his luttor, pago 61l of Bret volumo of this report), as consisling uf an ans vua) cxport of §5,000,000 tu Ingig, it part pays wout for oplum, the gold belug: obtalued by m. xortation from Calorala. Australis, snd Russisn ¥ unimportant, aggrezating’ 2,410,875 **not ennnlemented by the prodactinn, reat, " ofsome home gold mince, Iforayathat 8 not used s a purclusing agent, and 2 not miuch deall in othericise," its principul use heingns ‘*gold-lear for the ornamentation of tempics, shop-fronta, cellinys, etc." According to statemanta In the same letter of Mr, Seward, the ol exports of China toIndia in tha eight yenrs from 1818 to 1870, both Inclusive, wero $48, 84,4110, and to (ireat Britaln during the same eight yeara 8, b, 5, Unliko Japsn and Diritish Indla, China had no atock of gold 1nitscircnlating nmnu[v 10 draw from, and ita consaaption af gold has nlwaya heon too small to admitof much, f any, reductlon. 1t 1 not probable. therolore, that Europe, In its recent extraordinary cfforta to obtain gold, has rocetvod any appreciable ala from China, It in trno that Hritish gola receipta from China (including_Iopg. Kong) havo conalderably increaned since 1872, but ftdoce not appear how much of thix Increass may havo boen from Ilong-llong, as pn Intermediate nflnt of shipmnnts of gold from Japon and othor Pplnces. GENEMNAL VIEW OF DRITIMI FONKIGY TRADE IN GOLD AND EILVER, Grent Britain has ro prevunderating s share of the general commerco of the world, and London fs nuch a contra for tho recelpt and dlstribution of the precioun metals, that wo shiall find thete, \f any- Whore, tho indications of any apeelnl tendencles af woll kince 1873 taward Lurope from Suuth America, Africa, and Asia, £ far 08 Asin {8 conceried, the_only countries apocinily named in the Britleh official Statlatical Abstracis, In_respoct to rold imports nnd exporte, ara China and India, Such Dritlsh dealings an there may have heen with other Astatie countricn aphear under the heading of **Other Counteies," And are entirely Inslzniticant, oxcept ince 187, when thoy naye bocome Important trom the larga gold nports from Japan, commencing in 1874, Taking Mexico, Central Ameriea, South Amerlen, and the West incln Jslanda in one view, tho Drit- 1#h fmports nnd exoorts of gold from 1863 to 1872, both inclnsive, wera as fallow Britiah tmuor 120, 120,110 British oxbor 840,025 $ 01,210,087 ‘This fa an annual excess of fmports of 8u,124, With the snme countries, the British imports and exports of guld from 187 to 1877, both fncluslve, ‘wera as follows: e i85 Tritiah imoorts.... Britlal exports.... 838,315, 74 This 18 an_annual, excess of gold Impnrts of 85, 600, 144, which {8 rather lees than before 1873, WItls Africa, tha Iiritlal tranacttons in_goid pre o Egypt end~ catlrely Insigniicant, exceot with Egywi, annual excess of British gold cxporta lo above Imports for thu ten years Ing with 1872 waa 45,078,642, tlhcreas for the flve yeara ending with 1877 it was only $1,001,020, “Jow much of this {reasure wae eent ta Exvot only in transitu for other places, it is not possibla to deterinin ‘T'o the minor countrfes, under the hending of **Other Conntries, ™ in thio British ofiicin) Statfatical Abstracts, tho Lrfilsh gold cxnorle increaed from an annual average of €2,17),U50 durlng {he ten ears ending with 1872, to nn annual average of . 035,047 darlng the Avo yenra ending with 1877, Upon the whole, there'is no cvidence {n the Dritish or other accessible statlatics tending ta #haty {hat the demand for gold in Europe, and the higher valualles obtatnable for it there In exchange for cither silver or commodities, have nitracted thithoe any increased amonnts of goid from Soulh Aumcrica, Asin, or Africa, except samo quantitien dircetly from Jdapan, ond some other gusntites which ivero let freo to 1o to Lurope by the salling oft in the India import demand for thut metal, Thers were no stocks of gold in elthor Avla, Afriea, or South America (o draw from, cxcept what cxisted fn monetary use in Japan ond India, and stocks cannut be drawn upon but ance. Whon the India stock of that nature {8 exhausted, tho dee mand upon the general marketr for consumptiva nrposes will tend to ralitrn to_ ita formsr activity, l‘r that country shall continuo as progperous and a8 oble to Indulge in luxurica as lcretofore. There can now be very llitle left of either dapune eso or Indlan gold, which has been {n monetar, uac, and horenftor the Western World must lool for Its sapplics of that netal solely to the unnual production of the mines. 1t is certain thdt {he supply will becomo constantly maro deficlent, if that production does not increase in proportion to the new demauda for gold, TUE EXTENT OF TIE NEW GOLD DEMANDS O GCRMANY, THI UNITED STATES, AND OTHER COUNTUIES. In anaddress delivered Jan. 21, 1870, boforo tha London Statistical Soclety, by e 12, Gilten, that well-known statistictan cstimates the new de- mands (or gold, arlsing from sifver demonetizailons by Germany and the Scandimavian States, the pars tial movewment made by liolland tewards a gold standard, and the resuniption-of n?lcciu payments in grold In tho United Staten, at £1:25,000,000, or & lttdo more than $U00,000,000. This {4 tev large & figure §f exclusive roference {s° intended, #0 far as the United States -fs concorncd, to the * accummlations gold, which ydid not commenco until May, L with the anccial viow of resumnng apecla bayments, It §s too small n figure, if 1t is intended to Include the entito monetary policy of the United States, commencing with the act of Feb. 12, 187, which did {n etfect, mthough not In tarms, prohiblt the further coine age of tho I”\'L‘l dn"nr.l R # miette (S GRER IR A1E0 16 g 08, PRI O the 4th of January, 1874, und was etlll fn prog- xcss. There wero -ontstasding, when tha present currency system was sdoptea, 2ome old German wold coina which had not beon a legal-tendor ebnce 1857, but had nevertheless boen in'uso e a volun- tary money, Thuir ‘amount, 2s deterimised by their actunl withdrawal, was 00,000,000 marks, nr!!!’_"mlfl‘flfifl: but Soetber, tho ofiicial stailsti-- clan of the German Government, stated in a paper published in October Inst that this was offsct by an cqual amonnt of gold hold In the form of bars by thio Gorman luperial Bank. In estunating th« amonnt of old now in Germany the only sums which Hoetber would deduct from the totul of tho now gold coinage was elven by him na folluwa: ** Allawance wmust be made forthe expulsion from_circulatlon of & quautity of faraign coins which wero current In Germany befaro the reform began; the exodus of the stuck ot bars, ste., in tho ‘Hamburg lauk; the subatitution of German colns for tho Fron the annexation of Alsace.Lorraine; tho loss of gold which haa been exported under tho eflect of ecx- changes adverse to (iermany; and tho abstraction of guid by the Imperial and” Prussian Governments ta form apocia ieats, 4 2,000, 000 marks, or 830, (00, - 1of these soyeral deductions, without dist nguising the scpnrate amaunt of each, For his purpodc, which wroa to show the amount of-gold ‘circulating in Germany, it was of 110 consequenco wihint the scoarate amount of cacl was$ but, from the palot of view of utliee natlony, it 18 material to lmu\vrreclncly how much {8 to be set down to the score of the **dpecial war-cheats," What fu locked up.in that way is, at lenst, as cf- foctually withdrawn from the usos of mankind as f it was circulating among the Qerman people. The cmnmnula repute unt of tho treasure in the Tower of Epandou i 820, 000, 1t 0l of Boctber's deductlol reallowed, Includ- *Cepecial war-chests," tho absorption of wid by Gormany since 187118 $11Y, 554,200, loas 550.500.000, and smounts, thorefore, in round numbera to §:368,000,000. His deduction uf the “tapecial war-chesta® manifestly shonld not be allowed in tho presenc calcnlailon, but, on the other hand, tho exnort of the new Gernan rold coins, especlatly in 1872 and 1873, war roputed to o consldorably greater than Soctber chooses now tocatimate i, and, upon-the whote, $330, 000,000 may be assumed as the figure af Geiman absorp- tlon of gald since 1871, Some English statisticia, mako jt oven lexw, but they do thia by uumnlnt. without any suthority, and contrary toal] the prob- abilities of the case, that there weroin Germany, §n 1871, $160,000,000 1n gold colna, The Lundon Economist maken that ussumption, Gold wed not then a Jegal-tendor in Germany, and had not been for fourtcen years, and thora wus no fnducsment to hold ft in_uny such quantity. 1t fs know tho old German gald colus amounted to only S . 00D, 'Fpo andition to be made for foroizn gold coins cannot be large, In fact, therein no good renson for subposing Lhat thera are avy loss farefga gold zinl:#llrcumunchlu-nrmnnylu-dlymm there ore i1 1871, g v"l‘hu absnentlon of gold In consequence of the do- maouctization of miver by the Bcandinavian Htates and of tho law of Jloliand of 1875, autherizing tho comaze of gold and makiuk it a legal tndor on aun wquality with silver, mu{wummmd 4 bo 840, Bau.lwg. und is rather less than mom. At the monetary conference of last August, & I'acls, Mr, Moes, Prestdent of the Bank of “the Yethorlands, catimated the prosont total quantit’ of golu in olland, Including forcign colia and mygots o the Bank of the Nethetlands, at 73, 000,00 Tlorine, or $21,200,0003 but thera must alwa's have beon moro or less gold in & country so cormorcial, and the whoto of that sum fs not to be #ken as new old, obtainod fu conscquonce of theluw of 1876, fi‘ha total salea by Deamurk . of sllve wiuca its do- monetization have swountod Lo 80,82, 160, which may bo taken os au approximalo souaura of the gold nurchasod 1o take 1ts plac 1 tho summer of 1870, aftor the operations of delonuiizing und eoliing silver hiad. boen completed n Bwedon and Norway, tho gold In tho Hank of Jorway, culned and i bars, soiounte 0 $A708,107, and tho cuinod gold in the Hank of 3weden and in private banks in. Bwoden amvuntl 1o $%, 70, - %0, The new gald colnsgu lad ten twice that sun, butof the yold coins not inthe banks, tha Ameriean Minliter ot Stockhalm tates (nags 620 of tirst vuliine of this roport) that e taryer part i1, without doudl, srporied aid of of the cuis try." Hank nofos coustituto meh tho grester part of the monoy in actual use mony the people of boih Bwedvn and Norway, ‘The acoumulations of fnld comencod n the Uuiled Btatea in lll( 877, canot bo put st a bixhoe fgure than $100,000,00 T'ho Secretury of theTicasury statéa Lliat ho |8 rocelved SO0, 000, 000 frous tio salos of bonda dposed of fur ra. sumption purpos ud that he ias aleo reserved for tho yamio purposos the surplurevenue, which, froum May 1, 1877 (0 daguary, 1. wonld gaivaut 1o about §10.030,000. Tiicse latononts corres spond wilh bls uthor statement st ou tho 23d of November, 1478, he hold for pamption purpoded $111, 885,000, Butapartor s wus not actual gold exieting in the Treasuryaulta or unywhore ©lan, but onky 1 gold crodlt at cfain banky, vouot- lees woll eccitred and avallublogut still not gold, Gold cniwfll(lmrbm‘l\f: uuhz‘uc"u;zl;lnu from the eral maus of gold In use fu N gol‘)'u'uhen figures the absorptns of gold sluce 1871 havo boeus ; In Germany.. .., Hollzod' ndavian ’“maum: 10,000,000 il 100, 000,000 bylio United States, Ja The lblvrmlor‘n of go‘ld currency circnlating proviously fo* consequence of tha silvey demonotization laws of 1R7:'274, has been mucl more considerable, an rohably ot lexs thon $250,000,000. Thero wha a argo accumulation of gold under thora faws defore May, 1877, when there woula hava bacn nono §f tha mints had boen open to thic colnngn of Miver, The whole absorption of gold since 1871 hax been: InQermany. covoevoss vvaisaesiens 0o 8350,000,000 40,000,000 In lllan‘llmm and fn tho Eeandinavian In Unlted Btaten, from the demoncti- ratlon af sllver and thoveentmption of apeclo paymonts in ;Iuld. 000 | $710,000,000 {s & préximate estimate of the in coln and hara in all coun- Tlhe followif amount of goid tries, not In a stats of "suspenvlon, which make it thelr excln-Lvn matallic money, o make L the standari of thefr metals lie monoy by a timitation of the coinage of milver: (Qrent Tirftaln and 113 colonlel 8 800,000,000 250,000, 000 260,000, 000 ANCE . . 009, 0uv, 00 Iolland, Tielylu: - the Scandinavian States... 100, 000, 000 $1.000, 00, 000 They have, fnaddition, s quantity of fal} tender allvermoney, pecforming all the functinna of wold, and held to a parity with it by colnagoe limitations, The following a°n proximata crilmate of the smonut of such mlver: In France ... 1o L2450, 000, 000 In United States £3,000, 00 In llolland, 8 {1 PRI ~++ 100,000,000 $:175%,009, 000 On these figuren, the present agarcuate of me- tallic toney in_Girent Writain and s colonlcs, @crinany, the United States, France, 1lolland, Velgium, Bwitzerland, and the scandinavlan Statcs 18 §2,471,000,000. 1% may have beca Increased $100, 000, 000 |?- fiold drawn from the circalation of Japan'and Indin. tmt has beon decreased to tha extent of all tha eilver which the policy of ellver demonctizations has excluded froin tho currency of tho United States, Germany, lolland, and ‘the Scandinavian States. ‘'lie quantities of metdllic money in ute in par- ticular countrics arc Incapnble of precise determie natfon, and anthorities. ciffer greatly, Tho usti- mates hera given will “be varied nccording to the varylng judgments of readors. a VEBTOX, Secretary, zonas WEBT —b— THE VOICE O THE PEOPLE. _.l-—u Iing Mumbert to the Italians of Chilcago, Ta the Editor of The Tribune, Cincago, March 12.—In October Inst the tallan residents of Chicago scut to his Majesty Kivg tiumbert, 88 a testhinonlal of their respect and estcem for his ‘decensed father: Vietor Ewmanuel, a beautiful allegorieal picture, com- memorating the services of Victor Emanuel in behalf of ltalian independence and unity. Grouped around the velled bust of the dead King, each draped in female costume, are tlhe Wberated States and cities of Italy, offering with tearful countenances floral wreaths; upon the vedestal supporting the bust was an itallun inscription, the translation of whichs: “To Yictor Emnnucl, the foremost champlon of Ttalian unily, an affoctlonate and respectfut tribute to his memory, by the patrfots of the Chicazro Colony, 1878, ‘The design was by Prof. L, Gregorl, of Rome, now resident fu Chicago, and .the exccution nd- mirable. Inseribed 1upon satin, und fuclosed ln a heautlful case, together with a parchment con- taiaing the resolutions nd siznatures of ail the contributora, it was forwarded to Rome. In re- sponse, the fnllowlng letter lias been recefved: i’rrlnalnflpn.)‘ Roxe, Jan. 10, 1870, —"The uffectlonate and pa- triotic aentiments in which the ltalisn Colony of Clucago cxprussed §ia profound grief at the death of the Glorious King Victor Emanuel has highly gratlded our proaent thludtrious Sovereign, > 1iis Majeaty King Humbert wan rejoiced to learn that even in that remoto-region the liearts of Ital- fuus wero uffected with love and gratitude towards tho Fathor ot our dear country, and that thelr de. votlon to the house of Savoy rendarod them pur- ticipanty in tho sorrow of the Royal family, Our pracious Queon Margaret Jolns his Mojesty the King in expressiug iaincero tianks to the Chi- cato Colony for the artistic and affectionate trl3- ute roceived, which ywill bo preserved with tho moit treasured tokorde. of homago vffered to the memory of theLiberator King, Theie Mojestics intend to ovinco in n special manner thelr npprocfation to thie artiats who de- siened with auch ereat fAdelity the reproduction of the noble countenango of the lamentod monureh, and who finlencd 1 :such an elegant way the fino embrotdercd cade.and decorated canket. To {ho entlro-coluny, thelr_Majeats anca of the lNoyal roigprdl.. May it be ag: you, sir, 83 the frst sigoer of the honorable ng. ilreds, 10 -become -the nternreter ta our fellow- counirymon of the filendly wentiments of the King and Queen, and accept, for the present. the nssurance of wy strongrospect. The Ministor, ' 3 C. Visone. end assur- rocable to Unios Thric, * : v (he Edltow.ar The Triduna, £ Cmicaco, March 125~The pride taken fn our large parks scems tothave left the smaller ones In forgetfulness, and ot they are no less (me* portant to the health of tho city., They ate tho breathiug-places und sanftariuma of many who cavnot hnvo the benollt of the larger and mora costly Improvements:; Unlon, Jofferson, and Vernon Parka aro fnmopulous parts of the elty, and are to the surrounding population what the lungs oro to the human body, That they are nob regarded by tha, city authorities with the Importanco to which they -are ontitled Is evi- dent from thelr condislon now and for two or threo years past. I refer now more particularly tv Unfon Park, it belng the Jargest of the threc, and the only ono where, in the Ifmfted spaco of sixtcen acres, horaes and carriages, dogs and babies are hidiscrimioately mixed. Its strue- tures are fast going to ruin, and the recent re- moval of the fence renders it more unsafa than beforn for those Who ought to bo Its chief bene- ficiaries,—the efcls, the [uflem, und the ebildren, With no fenco und 1o police to protect its grass aud ghrubbory, it Is fust Lecoming a comimon, und not only "pedestricns but teams slso are making tracks wid paths across the greon at thelr convenience or caprice. For two ycars vast it hus hud wo protection ‘ from” the polica only such ns the Superintendent could give, and his dutfes scem to be quite enough for anc man spart from those of o po- licemnn. Indeed, Ibelievo Mr, Shaw is remark. sbly industrious in ihe varlous capacities of wardener,road-nastur, fecder of birds nnd benats, und policeman, but he 18 not ublquitous, nnd the elfort to become o wust be n severe strain eyen ubon Scoteh nerves and wmuscle, But, whather or not the placo 18 to bocome s common, und the green reduced to o wayside, the drives should bo closed nnd horses excluded. 1t is unreasonoblo 1t this smoll arcs, so lm- portant to the heulthful exerciso of chlldren in hielrsmaull carrlages, and of the sick und futirm a8 woll us 1he more ruuged, shouki bo made un- safo uiid disugrecable by thoss Wil are fn ho need of this capecial drive. Whon the park was made, the area uround it wos not bujlt up, and other drives now aceessible were 1ot oponod, 1t 18 no hardship for those in carriores to gonround loatead of ol through the park, but it fs a hardahip for those who seel: health und recrea- tlon in Yclhnus the only sultable place accossi- ble to them to be subjeet o the dust and dan- zerof the carrlugzu-ro; 1 hava seon o family Whose apocarance lndicated an inabllity to enjoy amore expensive pleme thau they conld have upon tha grasd in thia park, after spreading thelr frugal revas:, look with dismay upon the eloud of dust with which it was covered by the passing carriggzes, Lot the carrlagesroads of Unlon ‘I;grfi bLe closed, Woman Suffrage und Temporanca, To the Hditor of Tha Tribune, Broominarox, M, March 10.—~Your article, **That Blg Tomperance Uetition,” {8 to thepoint, and well worthy of great conslderation, 'Fo glve women the right to vote in this Btate re- quires o constitutional smendment, Sec. 2, Art, XIV,, of the Coustitution makes it necossary, Inorder to amend, that both branches of the Leeislnture shall proposs an amendment by o two-thirds vote of all the members olocted. ‘Thls proposed amendment shall bo submitted tothe cleetors of this State av the election of mombers of the Genernl ‘Assembly, I'hits cuts off woman suffrago for dt lgast two yeurs, pro- vlded the question Is submitted to the electors, It dofeated, then {t cannot como up for at least four yeara thereafter, - 1 thiln thers 3 no one that clatms that the Leglslaturo ean grant womaen sufrago wishout un umundingnt to the Coustitution, though thers s no telling what theso cuthusinsis will clabin In ordur to pa their point, This “ Jlomo Protection ¥ movenent 18 shnply the ontering wedge to goucral sulfrage, Mra. Hurbert ox- pressed hor surprise when these fenders of this wmovement_said they had nothing to do with woman suffrage. Mizs Wiltard wos an avowod woman-auilrazist heretofore. Dr, Jloynolds nnd Mr. Murohy udvise the women to let the ballot nloue in this temperance crusade, but thay beod val, ‘The womou-suflrarists have just had o set-back—uot a pull-back—br the British Houso of Coimmans, 'This hody, by avote of 104 yoas o 217 nays, has sald womnan iust not vole, Our own exporlenco bas proved bLpyond a rea- sonnble doubt that woman nas no place i polls tes ua an glector, Wyoming Territory ndapied womwau syffrage ubout tew years. ago, Ifor two Years most of the women voted, But sluce then none but the lower claes voto, and thoso thut waut to show themsolvos. That Intemperance Bas full sway in this Territory Is evident from tho fact that about €wo years ago Judge Becl ondesyored to suppress latemperance smong the lawyers In the court-room. This actlon of the Judge called down fearful maledictions upon his head. Then he ondered the Grand Jury ta fndict all partles that suld whisky or gambled without a liccnse, This was too much, ‘ITie whole Territory arose: the Legislature re- dfstricted the Territory, and virtually deprived the Judas of his office, Russla has just forhidden women to practice medlelne in her domiulons bocause thess femala phyalclans were the centrea of politieal discon- tent and sociallam, with all tho last word meaus. New Jeraey forbade her women from votinz, after they had voted from 1776 to 1801, beeause of the scandalous frauds perpotrated by thelr votes. Utah stlll keeps polygamy, notwith- standing her women votc, ‘The ** Hlome Protectionlsts™ have beeun at the wrong placc to suppress [ntemperance. Lot them borin ot home,—with the clild, with their own chifldren, “The writer of this lotter never drank any kind of intoxicants; never put his name tu a pledge 1n his Yife, nor’ never will, nnd clalms toboa better temperance man than there isin tho ranks of all these pseudo-reformers. Il re- cefved Tifs tralning from a mother, and tue tem- perance principle {s a P“"‘ of his bolng. "hicre I8 another polnt whereln these * reform- ees? are ot fauit, Tha most depraved lbertine, ninbler, cutthroat, yes, the very devil fncar- nate, they will elevate to high positions ([ he will claim that ho s reformed,~putting down men of character and fong stat lnF ta make raom for these wolves In sheeps’ clothing. Pure women, who ought to knosw better, will rush to hear these vazabands speak, cry with them, shake thefr hands,—whose Yery touch s pollu- tion. But the man who has lived a 1lfs of "tem- perance mid honesty must stund asids while }hc‘se‘lhulla of Baskian are petted, groomed, and atted, T thank you, My, Editor, for your sensible ar tlele In the Baturdny's issue, and all right-mind- ed persons must agrea with you, Hoping that finu will coptinue to disseminate the right nowledee amoug the people, I am very re- spectlully yours, D, I1, Pinanex. The Btate Board of Moalth, To the Editor of The Tribune, Caruver, March 12.~An outslder, who has watched with tnuch interest tho fizht going on betwecen the reguiar doctors, and the quacks and Irrepulors, has ot last become so mnuch in- terested us to wishi 1o vake a baod o It. [ may come out ns the swranger ald who interfered in the fight between the husband and wife, My sympathics are ail with the regufars, [ love to look upon the diplomas written in pure Latin, although [ can't read nword of them, and to think of the vast amount of fearning which the reclplent must have hefore the College would Issuc it. A brother of mine bad to study more than six winouths to zet pls. I asked him to read it. Ohl said be, that 1s not toread; itls necded to gzet a license trom the State Board of Health, and hevo is the license, snd L am n *regular,” 'fhe quacks and ircezulars are mnd beeause they-have no dinlomas, and don’t kvow enough to get them. Thatis the reason why they don’t want any laws reculating the practico of ‘mediclne, und ‘the reason why they are so down on tha State Board of Health, The fact fs, the whole opposition comes from these quagks, und is the resuit of pure, unaduiteruted mallee, and Ican prove it by every membherof the Board, and by every member ol the Physicians® Protect- fve Aesoclation of Chicago, oud by halt of the regular doctors in the State. . Just sco the vilo attacks mado upon the good Dr, Rauch, the ex-President of the Board, and through bim npon the Board iteelf. - He I3 ma- liclously charged with excessiye drinking, That charyro Is shown to be false by the evidence of the regular doctor who prescelbed for him, ‘The Doctor only took these regular prescriptions of whisky and qulalne—and one oceasfonal drinic ata fow other places durug cach day, It fsa shome to call thiat excessive drinklng, and ouly quacks would have charged It Moio than forty won in the city drink o3 much as that, and no one oven questions thelr right to hold office. It was witked, 03 well 08 mullcious, to bring that charge agalust oue who bed saved thousands of our people from the terriblo ravages of yellow fover. One man, right in Chicsze, who had the fever rode in an omuibus from a rafirond depot to the hotely and but for the actlve measures taken by the Board in establishing a quarantine st Cairo, our clt{ might be depopulated, Dr, Rauch hus tha yellow fover now, fn one of its forms, car- bontzed erysipe’as, which would bave proved fatal but for the specllic used by him,—whisky and quinfne, and rest. This can be proved by tho Doutor himsclf, ‘Then -seo the absurd things sald about the Board, “That they have not accounted for all the money received by themn.,” Nothlng but talice wonld have tnatigated such a charie. Vuak ma shouzh the regvt ul -eho -Doued cotld ‘not. ba relied on, ‘The report savs that tie Doard -had issued to Oct. 1, 1878, 5,170 certiticates ot &1 each, aud when the Br’nrd‘ reported thut they reeetved for them §5,061 1 ain ona that will be- leve It, in wuu of Daboll, orall ghe quacks in ‘ercatfon. Nonscnsc! to clalin that 5,150 certifl- cates at $1 cach would produce $5,170, Tt only alm!\;nvlm quacks will do when governed by int{ce. l‘J'l‘hr:u, they charge that the Board have not produced youchers showlng how the little sum af B5,485.44 was pald out. “Everybody ouxht 1o know that the members of the Board world not pay out any money unless they bellcred fu necessary, Nouno bt quueks, who never had the yellow fever, would question the expensv nc- count of the Board, What if the Board was limited by law to the sum of 35,000 in full, for all exponges! Don’t the Board know botter than the Lerislature how much money the Board wunted to use! 1low could the law kuow what was necdedd 'There has been more nolse made about the {nslzatficant sum of $2,020 used by the Bonrd in excess of what that law allowed than has been made about the £40,000 used by tho State-1louss Commisslonera tn cxeess of the contitutional lhnft, \Vhat is the use in having Boards and Com- misstonera unless they can use thetr discretion, and apply money where it will do the most goud { * Mallcious quacks only would notfee such smutters, Iamglad that Dr. Rauch nnd all his co- workers are to bo vindicated from all these charges, ‘They must a1l be contlrmed. 1t s well enough for Sonatur Kuykendall to call the Pey- ftentiary Commissloners to accouut for paytng out for thelr cxpensos mouey not suthorized by law, but when a Board with llle und bealth pre- serving duties to perform are questfonad by quacka us to monuy in their handa it i3 time for the Seonte to pause fu thelr investization and ask themselves, What witl bo the end of all this 4L the last Stato Board created should prove, like all the rest, llubic to cunsurel Let the laws be unforced, and the learned myl leensed doctora who have peid for thelr diplo- 1nas be protected. Joiy NErpLEs, ———— Capt. Cooke To the Edtlor af the Londan Tinies, Tt may Intercst some ot your readera to know that, In'the absence of any monumental statue to the honor of Capt, Cook, there (s In hls ua- tiva country one metiorial to the preat elrcum- novizator, “In the Chureh of St. Andrew the Great, in the Town of Cambridge, thero §s o fne wnural tablet, erccted to his memory by hig widow, This tablet, which {3 carefully kebt fn u zood state of preservation, overlooks the altur from the wall on 1le north side, und records thy deatns of Capt, Covk uiud of his widow; ulso, the deaths of thelr alx chilldren,~of whom two, Nathanjel und Jumes, died at sea, one lost fn the Thunder nod the ather in the Spittire sloop- of-war, Anulher son, Jumes, dled st Carlst’s College, Cambridge, In bis 18th year. The oxhlcr thres children dled all of them at a very carly nge. Wit respect to Capt. Cook, the inscription 15 as follows: “In temory of Capt. James Cook, of the Royal Nayy, vito of the most colebrated naviga. tors that thls or formior uges can hoast of, Who was killed by the natives of Owyhee, I the Laclfle Ocean, on the 14th day of February, 1779, fu the 5lst year of his age.” ‘the fnscribtion atso records that Eifzabath, widow of the aboye-nentioned Capt, Cook, sur- vived her husbind fty-six yoars, died ut Clup. hinm on the f4th of May, 1835, at the ago of 94, aud waa burled witi ber gons, Junies and Hugh, in tho middle afsle of Bt, Andrew’s Church, Below the luseription fa o shicld, with a atar’ above und below, bearing the globe, “The matto 13 “ Nil Intentatum religuft,' ‘Llie widow, Mrs, Cook, left a sum of £1,000 In 8L to the Vicar, churchwardens, and ovor- 8 of tho pavish, ‘The Interest thenes srising 13 to baspent (n keoping cloay and undefuesd’ the tablet erected by her to hor husbund's nory, and also in keeping In order the in- ription ou the tomb of herself wnd her sons. The reanaluder, alter £9 to bo given to the Viear, to bs divided equally botween five pour oged womon of good character yealdhng o und hetonging to the sald Parlsh of 8t. Andrew the Groeat, [am, sir, yours, ote., Jous Mantiy, Viear. B —— Cosaperntion In Pragtlco, ‘The fAgures which repreacat tho sales of one of tiwt London co-onerative atores,—'ho ** Arny und Nayy,”—ag set forth fu an article by Mr. J, 1. Lawson fu the Jatest numbor o the Niue ’mum Century, ure as follows: Flrat vear’s busl- eagy J051, 405 thivd j'eur'-. 3,177,200 tltth year's, $LH0LTI0, and the seventh wmd Jast yonr's, $7,700000, ' Mr. Lu nslders va- 1 Tious grivvaices which the shupkeopers have, speakiug of one as followat *+Plig final und the wost fmportant plea is the serious fujury that {8 buifiz dono to the trades. men thomselves, Thia {5 o matter which de- serves the fullest symyathy and tho most grave consideration, Sorry as all must be, there fs no loubt about {t that The shopkecpera must suffer Irom the process, which will gradually.lead to thelr afmost tot] extinction; and hiow to aifevi- ate that suffering is the point to which publie at- tention should bo directed. To attompt to do so by theabolltion of co-operative stores would ba fatlle, ns they have taken too deep aroot. 'As well might wo demand the extinction of rall- ways and tho restoratlon of the old stage conches, Progress cannot be impeded. Bhould the electrfc lfghy prove a success, no considera. tion for the losses of tho gas companics will prevent its adoption.” Ong of these London socleties has become a manufactorer on no cxtenslve and incressing scale, which is thus describeds “A vory largo number of workingmen are employed on the premiscs in uuorlnfi and tnare than 1) women aro constantly at s }rcmnklng. recelving good and even liberal wages, {n favora- bla contrast with thuse cxposed in Jiood's fa- moue ‘Sonz of the Bhirl'; and It must be some satisfaction to tho wearers of thess gar- ments that, thongh they get them at reduced rrlccu. that reductfon has not been wrung from he imisery of the poor workers. It embarks, norcover, in mantle-making,perfumes,and in the manufacture of portimavteaus, dressing boga, !mrm. and other [eather moods, tin-work, japanned ware, cablinets, ete,, In fancy woods, =ls0 tn printing nnd die-sinking. Thiy may be deprecated by mnng, but the soclety ?m in foct been forced into it by the diffieulty, and almost in some {ustances Impossibility, of procuring really sound and good articles that could ba confidently warranted to Its members, owving to the system of scamplng nnid conceallng defects. The results hava quite ke;}t pace with the most sanguine expectattons. The prices have been reduced, the members are satisfled, and the workingmen, mauy of them the best In thelr resective trades, are well content.” Mr. Lawson closes with a.rose-colored predic- tion of the future of co-operation: “Ip will thus bo scen . that co-operative socleties are llkely to prove friends to the work- ingmun, however they may affect the traders; und another beneficlal effect, a uatfonal one, must follow, By largely reducing the selifng prices of thesn” matufactures, they cotnpete inore favorably with thosoof forolgn production, and tend, therefore, to keep the trade o our own hands.”” —— CURRENT OPINION. Not an Instance. Clereland Herald (Ren.). J. Davis {8 not an instance of the survival of the fittest, 7 forward. Eaaa has been patd for a twenty-four-, . - foot channel; and a steamer drawing loss thay twenty-two feat atuck ip It for throo days, = . ‘Where the Responsibility Ts, Lowttolite Commeretal (Res.). It s for the Democrats to decldo whether they will do somothing for the country they ary supposed to ba leglslating for, or nothing, Thero aro some thinga in the way of breaking down the barrlers which now protect the rights of voters which thess Democrats sticklo for with great tenacity, It {s hard tosco how o Republican President can have a hand In this leglslation which the Democrats want more - than they want [awv and order and the proper forwarding of Governmental affairs. Ha muety axercise the veto power or enmue in.acts of stuitification which cannot bo cxpected from him, The situstion fs not a picassat ona. Tha ruyomlbuuv is on the mojority in Congress, and the odium will be thers, If anywhere. Paying Dearly for His Indisoration, Clevetand Herald (Rep,). Just what the venerable negro, Abe Wootten, hiad done to incur the displeasurs of his white fellow-itizens down In Tennesses we are not n- formed, but whatever may have been Abe's in- discretfon he paid dearly enough for it. Eight armed nnd masked philanthropista catled at his home the other evening and juvited him to come out and be shot, anil as ho declined they get fire 10 his poar cabin, and when he and his wifo and Zfour Mitle chilldren were obifged to coma out’to avold belng burued to death, the chivalry shot Abe dend and rodo away, leaving his wite and children alone in the unr‘mcn. with notbing to cotnfort them but the smoldering remnants of thelr home and the dead body of “thelr husband and father. ‘The promiuent Tenncssee citizens who wera concerned In paying this attention to the Wootten famfly are undoubtedly Democratic patriota of bigh stunding who feared an outbreak. on the part of the blacks, A Democratic Dennnctation of Randall.” 8. Louls I'vat (Dem.). The fact s, that Mr. Randall has not a single qualisy to ralso him above medioerits, except the experience and knowledge resulting from long-continued service in Congress. He fs o man of shrewdness and cunning] but utterly do- vold of talents, or culture, or the higher quall- tles of Intellect und statesmanship. There ara dozens of men {n the louse who have more character and greater ability, Mr, Randall's ignorance und trickery, compared with the great . talents of former Speakers, I8 like the cuntrast between oleht and day, And, if the Democratia * party should be judged by the character It hos chosen for the most important position In {ts gift, it would {fudecd deserve to be defeated. But there are other, moro speclfic and emphatie, reasons why Mr. Randall sliould not be re-elect~ ed,—certainly should not receive the vote of o sinzie member of this State. There fa not a singlo measure in which this State, or tho West, 13 Interested, not a single prin- clple In which the real Democracy bee lleve, which Is not ovposed by Mr. Rondall. Mr. Randall Isa professlonal politician, For more thao a guarter of a century he has lived by making politics absolutely a ttade. For the last sixtecn years bo hias represented thio dis- trict of Philadelphin which notorfously contalus the very scun of that elty, Wiat more eatural than tliat Mr. Raudall should serve those whose creaturg he [s, whose bread he eats, whose po- Mtical work he recolves, and without whose afd ho never could bo ¢lectodi fVhat more natural than that Mr. Randail should be a Pennsylvania politiclan first, Jast, and all the time, which meaus a lnckev of the Protectionists, and man- ufacturers, and monopolists, und ti\n varlous seltish interests of the Kast genoralivl And what i3 more unnatural than the expoctation of Southern and Weatern votes for such a persont Aud what mare natural than hia defeat, If the Bouthera aud Weatern members will agreg upon a caudldate! Whoover It be,—whether Block- buru, or McMahon, or_Goode, or Morrison, or House, or Tucker, or Hooker, or Bpringer,~it will be o great ralo, No Western member con vote for Mr. Raudnll without betraying the in- teresta of bis paople. KEARNEY AND WELLOCK. The Band-Lot Hoodlums on the Rampsgos 8an Fyanclrco Chronicle, Aareh 4. Deunis Kearney told his Sand-Lot hoodlum erowd last night that “*if the Chinese curso ia not removod, Callfornla will secede from the Eastern States.” And ho spoke of an army of 10,000 mon, controlled by Col, Artley, Oum- wmunist, of Chicago,as- being * ready- to help Cailfornla,” | The same eveulng Kearney spoko at .the First' Branch Club, Eievent Ward, and sald that It Hayes should veto the Antl-Chinese bill, “then, by G—d,'there will bo an'army of 50,000 men fn Collfornia fn less than six months ready to shoulder ‘o muskot, plstol, or -dagwer to stop Chinese immigration.” Oa, the sumo evoning, Wellock, the alien Enellshman, who stauda second to Kearney fn offies n the W, P, C., declared at o mecting fo Tarn-Vereln Hall that {t was o matter of Indifforenco to him whether the blil was signed or not; and he em- phasized s words upon the necessity of uaing Hnfar, % Roston Flerald (Ind, Dem.), It (s safer for Scnators to nbuse President Hayes thau ex-President JefT Dayis. « Wall-Street Lickspitties. Peorta (111,) Democrat (Dem. ), The Demacracy of Illlnols, it they are wise, will fight ghy of Manton Marble, . A Democratic vaper fn Chicazo fs ono of the mneeds of the porty, but a licksoittie of Wall street is not the man to edit a Western Democratle paper. Porpetunlly Dolug Things. New York ferald (fnm.). > The Democrats are perpetually dolng things which verlfy Gen. Grant's well-known predie- tlon, that thelr political opponaenta may always rely upon Democratic blunders to help them out it they get in a tight place. Wan't Forget It Cieretand Leader (Rep.). Noman incither House of Congress has o greater responsibility for tha infliction of an- other session upon the lonu-suffering business interests of the United States than the great demagogus Thurman.S And the people will not forget it. Inflationism Woeakoning in Tloosfordom, Indlanavolis Journal {Ren,). From. present {ndications -tho hard-moncy wing of the Democratic party fu this Stato will be falrly on top by 1880. Meanwhlle, Benator Voorhecs will be mettling ready to swear that he neveg was unything but a hard-mouey man, and ;h& .z'lzuuml o prove that 1t never howled for ullation. “A Vory Good Presldent. Richmona (Va.) Sate (Dem. ), Two yoars nzo President layes entered upon his duties ns Chiel Maglstrato of the Republics and so far as ho has gone, desplte the fears of many and the deslres of not a few, ho hias made us a viry good President, and done much to re- store a pétler feeliog among tie people, while exertiug all hls efforts to return to constitu- tional und honest wa Btephens’ Independent Mavement, 2Attevurg (ommercial-Gazeste (Uep.). The peraccutions bestowed on Alexander . Stephens for” his independonce have roused the old gentleman, and lie has started an independ- cnt movement In Georgla that already bids falr to submergo the regulars. At ofl events, they are terribly frightened, and uro in auxious con- rultation over the matter. It will be nocessary Lo orgzanize the riffe-clubs, aud cnter on o cam- paigw of hulldozing, if they hopato get througl. The Conntry Nut Quite Snre. forca here to espell the Clinese in de- Charleston (8. %) Netes (Dem, ). fianco of law. When Mr. Kidney re- For the fiyst tline since 1800 the Demoerats | huged the English blatherskite and have control of both braucties of Congress. It | binsphemer by saying that there s is of great consequence to the colint:y, and of suprems conscyusace to. the Democratie party, that no wild or oxtravagant lec:slution bo as- temnted. The enuntry is not quite sure whether the Demoeratle partvis a lamb or o tiger, und (£ suceeas in 1830 I8 worth having, to crown the worl: of decentralization, the Democrats musu Leep thicmselves down, and show, by thelr pru- denco and moderatfon, thut they realize the responsibility now resting upon thiem, * no encmy to fight,” aud that *the man who bawls so voh emently about using the bayonet is sure to be onu who has little or no experience {n the murderous business of riot and war," Wellock’s friends vetired from the ball with every disvlay of rage and disappomntment. At o mesting held the nlght after that on wiich a gaoy of Wellock's roughs, counterfeit- fug the name and character of workingmen, broke up the Unton Ifall Demoeratic mectinyg, Kearney advised bis hearers that they bad s rizht to attend the meetings of any party, und to show their hatred of speskers by nolsy demonstrations. Ho also counseled “them to ®o to such mectings ‘*prepared,”—meaning urmed, Taking thelr cue from thia advice of thelr No Protection to Human Lifo In New Or- loins, New Orleans Times (Dem.). The law {8 a farce,~a dreary and heart-break- g faree. The protection to lhuman life s cuuranteed by our law 1a one of those ghastly | leader, o factlon of Bome fifty armed bullied ute mockerics which scem to bo intended asa divine | tacked a meeting of the Sveond Ward Warking- revenize. Thero Is,n0 more restraint in Now Or- | men’s Ciub, and for a whilo made an angry and violent seene, When the meeting was about to adjourn, the $Halrman of 1t said: *As Claire mun pf this meeting, I autlior/ze you to nsu any means you think necessary, uo matter what they 1nuy be, at the noxt inectlny of this Club,” Ona of the Ulub suggested ‘*a six-shooter™ ns u wood thing to preserve order, und was for “hblowing off the tops of the bhéuds of the——'" ‘Pheso sre but specimen bricks from (he pofit- feal fubric which Kearnoy has erected, und, tos gotber with the alten biasphemer _und corrup- tunist Wetloek, uwns and rules, On very mmany occusions theao two and othersof thelr speakers have deglatmed toudly und lightly about the Kgood '-fiu- of cannon, the pistol, ihe bayanet, and foree geuorally, ln carrylue cortain polits which they thik essential to the exlstencs of nuciety, ugalugt the law and fn defianco of the (overnmont, We have heanl such talk before, It was all the fashlun some soventeen or elzat- cen years ago, when o combination of filteen Stutes had resotved to zo out of tha Unlon In contemot of its Constitution and Jaws, They had what appeared {o them liuuuu good couse uy this Chinese nulsunes gives the people of Call~ foruln for wnakiog threats of treasan und eivil war, and fusulting the Natious! Government. AnJ they wore uiore than twenty tmes as strong 48 Wa now are, too; but for all thuir high talk, ey fadled to get out ot the Unlon. e —e e leans upon evil nyon'a . pussions than therels fn the Black Hills or in the heart of Africa, Any hasty word hrings out the revolver or the gimlet- knfie, und thers 18 no experienco or precudunt within men's nemories liers to dissuade them 1rom glicoting or stabblug whenever the focllna- tiou sofzea them, Ropublican Support for Ranaall, ¢ Roston Journal (Kev.), The Republicans must, firat of all, do thelr utmost for thelr own candidate, and they nust evold auy entanglemonts with the Greeudackers, Hut, In case of o profitless deadlock. rather thau to keep up, or-tontlowtobe keptup, a peptracted wrangle, it {s clear that thers may devolvo upon them the uccessity of choosing butween Lwo evils, 1f tina coutfngency nrises, it would bo, in onr judgment, wiser for them to waive party considerations nud join {n clecting Randall, than to ulow elther the reactlonary wing of the Demucrats or the hundful of Greenbackers to control the vritautzation. Good News from Malne, Zangor IWhig and Courler (ltev.), The clections show that the deceitful Green- back fusion movement has spent its force, and tha tide has fairly turned i favor of public hou- esty und sound doctrlne, The soft-mouey delu- slon has been omphatieally checked aud the coalitionists defeated at all polnts, Portland clects a Republican majority of both branches of the City Gouvernment, und a cumbination Mayor has barely squeczed In by sbout forty majority obtafned on - the istunds,” Lowlston and Au- burn have been sulendidly redesmed; Dath camea 10 the front with a sweeplyg Republican victory; Bruvswick, ‘Lopsbiam, Qardinoer, ead~ field, "Buacu, Kennsbunk, Keunebunkport, und ather tawns o all paris of the 8tate, have do- clgively repudiuted the Hat herosy, uud leadlg ToWns'In our oWn couuty and section huve re- spuided with equally gratifying results, ‘The 1lde bus turned snd 1he intelligence and Integ- rity of Majue is making itsolf heard. Lot every #00d uitlzen uld tn pushing on the good work. Qondition of the British Working Olussos. According to statlstica carcfully collected {n Great Hritam lately, the distress prevailing fu thut country secms 0 beromowhat exageerated, The entire wurkhwwmlun of ths Kingdom 1s put duwn at 24,000,000, vut of & total of 84, ,000; und, allowing for shrinkugzea of £30,- 000,000 {n the wages of the textile und iron ju- dustrics durlng last year, thu earnjugs of the working classes are reckoned to averape 83 shiilings per family of five persous cach weok, Considering the reduced price of the necessaries of life, the community, as o whole, 18 thought to . Le better nourished than at any former period. Of the 24,000,000 dependent on industrlal oceu~ pations, 11,600,000 are declored to bo segual carners. O o total of X glven a8 the sarnings of a full year's cuivluyient, it la notlceable that 3,088,000° women eurned £113- ,000, ngainst 3£4300,000,000 earned by 7,631,000 wen, ‘The 1,849,000 wonien ongaged 1 douess tie service carncd 201,000,000, nzalust o)) o 000 earued by 1,600,00) engaged in other kinds of labor, The workers of both sexes uader 20 yeara ol sgo eirned $01,600,000, vr well-nieh ouu-seventh as much as the ndules, In the jn. dustrics that are b present wmost depressed, 4,230,000 laborure ure emploved. ‘This exuibit, 1ke tnost exhibits of the kiud, looks much bets tor than the cold, burd facts themselves, Some. how, statistics und political ceonotay oftea have awuy of wloasiig thie bittereat truths of au fil- fed, “purtfslly-llio popufation. ‘Lhicy scem to, have a softening, loplizing effect wnich actual observation und experlonve rudely remave, | P The Eada Jotty Humbug, Cincinnatt Comwercial (Ind, Jtep.). The lato Congreas was campletoly decelved, or carcfully befooled itscif, about the pro- tenslon of ymprovewent ut the South Pass of the Misslssinpl, called the Jettles, und munaged by Eads, ‘This great encineer put $13,000,000 Into u 82,009,000 bridze ot Bt. Louls; nnd so &reat o suceoss causcd people to ery aloud to him e o deliverer und beg bim to go elsawhore und do Hkowiss, The beat that cau be sald for the Eads onterprise i3, that b o vost of mills Jons s bas mudo the Buntls Vass sbout 1s gooil ug the Southwest Puss was, ‘Ihe New York Lribune clalmed o tweuty-three-foot chunnel in outh Puss w fuw woeks azo} und sfuce thut tinie threo ateambrs, ot wue of them drawing tventy-threo feet, havi grounded fu thu pass. QOue of them, the A!umln. drow tiventy-ono fect eleyeu inchies 81t und ninetosn feet yoven (nches An Oflica for Jeroma Bonaparte, # : Jerome Bouaparte, grand-nephew of Napoleon L,—a long resldent of Baltimore, and ‘prace tleing tawyer thero,—~has beon preseuted h(va. unds fof thu yacunt position of Ulited Blates - 1rl Dlistrict Judgo, 1 . . ) B P