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: : < ‘HE CHICAGO TRIBUNE: FRIDAY FEBRUARY 27, 1880. Dye Tribune. TERMS OF SUBSCRIPTION. ne ‘per month. “rhursday, and Saturday, per year.. 6.00 eaday, and Friday. per year, 6.00 G-page edition, per reat z58 Spectmen copies sent frec. Give Post-Office address in fall, including State and County. ‘Remittances may be made either by draft, express, ‘Post-Office order, or in registered letter, at our risk. TO CITY SUBSCRIBERS. Dally, delivered, Sunday excepted, 25 cents per week. Dally, delivered, Sunday included, 30 cents per week. Address THE TRIBUNE COMPANY, Corner Madison and Dearborn-sts., Chicago, Il. _——— POSTAGE. Entered at ths Post-Ofice at Chicago, I, as Second- Class Matter. i For the benefit of our patrons who desire to pend single copies of THE TRIBUNE through the mail, we give herewith the transient rate of postaze: Domest Eight and Twelve Paze Pape: Sixteen Page Papers... Eight and Twelve Page Eixteen Page Paper TRIBUNE BRANCH OFFICES. ‘THE CHICAGO TRIDUNE has established branc ssfSces for the receipt of subscriptions and advertise- mente as follows: NEW YORK—Room 29 Tribune Building. F.T.Mo- YAappEN, Manacer. ‘ GLASGOW, Scotland—Allan’s American News ency. 31 Renfield-st_ LONDON, Eng.—American Exchange, «9 Strand. ‘Wirszyr F. Gru, Agent. A319 F street. AMUSEMENTS. Mooley’s Theatre. - Rendoiph street, between Clark and LaSalle En- s€agement of tho New York Criterion Comedy Com- pany. “A Tripple Courtship.” Haverly’s Theatre. Dearborn street, corner of Monroe. Engagement of M Grau’s French Opera Company. “La Marjolsine.” MeVicker's Theatre. - 2 ‘Madison street, between Dearborn and State. En- gagement of Mr. and Mrs. McKee Rankin. “The Danites.” Hfamlin’s Theatre. Clark street, between Washington and Randolph. Engagementof Miss Annie Ward Tiffany. “The Child- Stealer.” Hershey Muste-Hall. ‘Madison street, botween Dearborn und State. En- “tertainment by Prot. Adams. ee SOCIETY MEETINGS. [ANS LODGE, NO, 717, A. F. & uy A Spe: this (Friday) evening for the purpose of work. Mem- bers of the Lodge are requested to be present. Vis- {tors always welcome. Uy order of the W. Bt. E. M. ASHLEY, Secretary. WASHINGTON CHAPTER, No. 4, R. A. 3—S cia] Convocation this (Friday) afternoon and even! at2,4, and 7:3) o'clock. Work on tne Royal Areh De- eree.’ Visiting Companions cordially invited, By or- der of the HL P. CHAS. B. WRIGHT, Sec. WAUBANSIA LODGE, No. 10, A. F. and A. 3£.— ruiar Meeting this (Friday) evening at +3) sharp. ‘ork on Third Degree. Visliors cordially invited. J. E. CHURCH, Sec. ‘T. J. TUSTIN, W. Me. FRIDAY, FEBRUARY 27, 1690. Evxosrés upon the Jate Senator Houston, of Alabama, were delivered in the Senate ‘yesterday. Tue Lehigh and Schuylkill Coal Exchanges have agreed to advance the price of lump, steamboat, and broken coal 25 cents per ton for March. Messrs. PARNELL AND Ditton had an enthusiastic reception at Winona, Minn., yes- terday. They spoke at Minneapolis and St. Paul last evenin ¢ Tur Rhode Island Republican Convention for ihe nomination of State officers and the election of delegates to the Chicago Conven- tion will take place March 18. Uneasy rests the head that wears the crown, An Aide-de-Camp to the Sultan has been arrested for entering into a conspiracy to assasinate his Royal master. A NEW counterfeit $10 Treasury note has been detected in Chicago, and the public should be on guard against it. Its peculiari- ties are described in our local columns this morning. Two privates of her Majesty’s Thirty-sec- end Regiment have been arrested on sus- Picion of being concerned in an attempt to blow up the St Helier’s Barracks, in the Asland of Jersey. ‘Tue cable announces that Prince Leopold, the plously-disposed son of Queen Victoria, will visit the Western States and Canada about April Itis thought he will gpend a vear in both countries. : TrivEN Is believed to be at the bottom of’ the movement to secure the abolition of the wwo-thirds rule in the National Democratic Convention, and to be working privately to secure favorable action at the different State Sonventions, Evidences accumulate that the id man is a candidate in downright earnest. Tre Louisiana Senate adopted a resolution yesterday suspending Senators Demas, Dahen, Simms, and Stewart, charged With tontemptin signing the Kellogg memorial. The Sergeant-at-Arms has been ordered to keep the recalcitrant members in custody until further orders from the Senate. TRERE are indications that a vigorous intithird-term demonstration among Mis- wuri Republicans will soofi be made, and iome expectation is had that the delegation trom that State at Chicago will oppose the aomination of Grant. A meeting of anti- shird-termers is called for to-morrow night in St. Louis, whereat measures will be taken looking to some active work to prevent the vote of Missouri from being cast for Grant in the National Convention. 3 For the offense of declaring a prefer- ence for the nomination of - Gen. Grant as the Republican candidate for the Presidency, Robert T. Smith, the Col- lector of Customs at Mobile, has been asked by Secretary Sherman to tender his resigna- tion. It appears that no reason exisis for this demand other than that Collector Smith does not favor the candidacy of Secretary Sherman. He declares he won’t resign, . und that Mr. Sherman is at liberty to remove > him for that cause if he thinks proper. A parry of Ute Indians, including, among others, Capt. Jack, of the White River Utes, who fought against Thornburgh, and who se- cured the capture of Douglas, the- ravisher of Mrs. Meeker, and. Tim Johnson and Thomas, White River Utes who took part in the murders, arrived here yesterday, and left in the evening for Washington. Tim John- son and Thomas were of the party, and will be imprisoned in Fortress Monroe to await a further disposition of their cases. Douglas was left in the Fort Leavenworth Prison. The other Indians are proceeding to Wash- mgton for the purpose of negotiating a treaty in regard to the surrender of their reservation. Gen. Walden and Mr. Mears are both of the opinion that the points in dispute will not be settled without another Indian war, In this case it might be well to hold Capt. Jack and his companions. -The whole party seemed to have been pretty thoroughly UMBERM. . & A.M |. cin! Communication of this Lodge will be held scared, and expected rather rough treatment at every station passed. They may have had more to do with the murders at the Agency than they would like to have proved against them. Dr. BRANDRETH, who Iately died at his home in Sing Sing, N. Y., left a very large fortune, but, when it is divided between his wife, his seven daughters, and his six sons, the share of each will not be so considerable after all. The Brandreth House, on Broad- ‘way, valued at $400,000, is bequeathed to the daughters; the remainder of his property, consisting of real estate, trade-marks, and stocks, goes to his sons, subject to a payment of $1,000 per month to his widow, who also retains the Sing Sing homestead. ANEW installment of peppery correspond- ence on the subject of the quarrel between Gen. W. T. Sherman and Gen. H. V. Boyn- ton is given in the Washington dispatches. Gen. Sherman writes that he holds himself in readiness to defend himself in any libel suit that may be brought, having already se- cured the legal services of Senator Matt H. Carpenter, but does not encourage the idea of a Military Court of Inquiry to try a ques- tion of a purely civil character. It is there- foreto be presumed that this is about the last that will be heard of the unpleasant- ness A ‘TERRIBLE state of misery and wretched- ness prevails in the west of Ireland, particu- Jarly in Galway County and the islands along the-coast. The people are reported as naked and starving, and are dependent for their food on a species of seaweed which grows along the coast. The Dublin Mansion House Relief Committee is reported as having $195,- 000 on. hand, and the Duchess of Marl- borough’s Committee as having $165,000. Surely there is something wrong when the people are starving while these Committees hold back the funds contributed for their. re- lief. Sowe of the Democratic statesmen and capitalists who went down to Washington to. capture another Convention for Chicago have found their way back home in a mourn- ful and melancholy frame of mind. The trouble seems to have been, as they look at it, that Chicago arrived on the ground too Jate, and found that Cincinnati had been put- ting in some effective work which could not be overcome. Then, too, Tilden went back on Chicago, and, rather than be the means of stirring up any new strife in the ranks of the Democracy, our local statesmen and capital- ists gave up the fight and went their ways. — A cEBTAIN element of the ex-Union soldiers in Chicago have banded together for the purpose of helping along the passage of Weaver’s monstrosity in the form ofa pill to pay all soldiers and sailors the differ- ence in value of the money they received as pay in the army. and of gold at the time the greenbacks were disbursed to them, with 6 per cent interest compounded semi-annually. The men who have ‘signified their approval of this wild scheme do not comprise above the hundredth part of the Union veterans of Chicago, who are, with these few exceptions, wholly op- posed to the Weaver bil Tue Rev. Charles William Russell, who died in Dublin yesterday, was born in 1812, and educated at the Drogheda and St Patrick’s Roman Catholic College, Maynooth. Ve afterwards became a Professor in his Alma Mater, and in 1857 was elected its President. Dr. Russell has published several works, principally translations of German Catholic stories, 2 work on theology, . and a life of Cardinal Mezzofanti. Dr. Rus- sell was a frequent contributor to the prin- cipal British reviews, and*to the Encyclo- pedia Britannica and the English Ency- clopedia. -A few years ago he was obliged toretirefrom the Presidency of Maynooth College through ill-health. - Mn. Jony Diti0on Mutya, of Brooklyn, has setan example which Irish landlords might well follow in this year of bad crops and universal distress in Ireland. Mr. Mulhall, who, by the way, is an American citizen, and served as Captain in the famous Sixty-ninth Regiment of New York during the War, owns considerable property in the neighborhood of Boyle, Roscommon County, Ireland. He has directed his agent to make anabatement equal toa half-year’s, and in many cases a nine-months’ rental. If Lrish landlords had the advantage of a long residence in America they might bea little more just to their tenantry, Tue Citizens’ Association Committee on Main Drainage held another meeting yester- day afternoon. The questions of sewageand s pure water-supply were discussed at consid- erable length by Dr. Rauch, Judge Farwell, and Gen. W. 5S. Smith. The general impres- sion was that the sewerage of the city was very defective, and that most of the animal and other deleterious matter of the sewers was carried into the lake, {from whence it was conveyed back again as a component part of the drinkime-water. The remedies suggested were additional pumping-works, a removal of the crib to that portion of the lake opposit Evanston or Highland Park, and oxidation. The only difficulty in the way of the adoption of those plans is the great expense. As was to have been expected, the Chicago importers are indignant at the devices resort~ ed to by the Treasury Department to defeat the Aldrich L -T. bill, and yesterday tele- graphed their representative in Washington to fight the clause requiring the filing of in- voices at the original port of entry, re garding this_proposition as objectionable on account of the delay, annoyance, and expense it involves. But the Treasury- Department enemies of the bill will insist upon this and other features foreign to the purposes of the Aldrich bill, and it now seems settled that if the measure is to suc- ceed at all it must be at the end of a bitter fight against Secretary Sherman and his subordinates. ALTHouGH the Democrats are in a major- ity in the United States Senate, it appears that they cannot always procure a quorum in that body. In fact, if would seem that many of the Democratic Senators care only for the honors and emoluments of the office, and think little about the duties connected therewith. One of the expedients proposed for procuring. 2 quorum is decidedly Bourbon,—viz.: to allow members who are paired to vote under certain circumstances. Another question under consideration is the desirability of renewing the twenty-first joint rule, which regulates the manner of counting the Electoral votes, and which be- came void in 1876 by the failure of the House to adopt it, as had been the custom. ‘Tue alarming condition of affairs in-Russia continues. Fresh evidences of the activity of the Nihilists are being discovered hourly, and the greatest exertions are being made to discover the conspirators and to trace their operations. St. Petersburg is almost in a state of slexe. The populace attribute the recent attempts on the life of the Czar to the University students, and threaten to burn the University and lynch the students on the anniversary of the Czar’s accession. Several of.the most active Nihilists have left St. Petersburg and sought refuge in Geneva and ‘London. The Panslavists, in the meantime, are reported by a Berlin paper to be prepar- ing the minds of the people for an aggressive foreign policy. Another account states that the Czar will soon announce many important constitutional reforms, and the release of several political prisoners. Should the pro- posed constitutional measures be of 2 com- prehensive and radical character, they may have more effect in putting an end to con- spiracies than the repressive measures of Gen. Gourko, the precautions of the Russian detectives, or a policy of conquest and aggression. — ‘Tre merchants and business men of San Francisco propose to take measures in time for the protection of their city against the threatened uprising of hoodlum blatherskites on the Chinese question. These solid and respectable citizens have no fondness for Chinatown, and would not go far out of their way to prevent the expulsion of the Chinese from the State, as is contemplated under the new Constitution; but they evi- dently intend that whatever is done in this direction shall be done decently and in accordance with law, and to that end they have formed ‘a ‘secret organization, similar to the Vigilantes of 1856, the purpose of which is to preserve order and keep the peace inthe city. The effect of this step will be to hold in check the murderous rabble that follows Kearney’s lead, and to prevent the occurrence of scenes of bloodshed and outrage such as would for- ever disgrace the name of San Francisuo. ens For sometime past many people living in the vicinity of Ottawa have suffered severely from incendiarism. Dwelling-houses, barns, sheds,- Inmber-piles, etc., have been set on fire, and the incendiaries were not discovered. One of the victims, & Mr. Ellard, employed a. detective to solve the mystery, which was speedily done, and the incendiary discovered in the person of a priest named Faure, who cer- tainly does not enjoy that reputation for sanctity and purity of heart which should belong to a man of his cloth. It appears that Faure had five ac- complices, one of whom has turned informer on: being promised immunity. The reverend geutleman and his fellow- incendiaries have been arrested and placed in jail to await their trial. Faure is said to have been concerned in a case of grave- robbing and in a case of abortion, and on the whole is‘ very unsavory sort of person. po eae ey Wuek the Reddleberger Debt bill came up for action in the Virginia House of Delegates yesterday, Mr. Hamilton introduced a sub- stitute providing that the principal of the State debt be recognized at the sum fixed in the McCulloch bill, $82,000,000; that the in- terest thereon at the rate of 3 per cent per annum be paid, and that the new bonds issued in accordance with the substitute be exempt from taxation, except for school purposes. The substitute also provides that should the Council of foreign bondholders and the Funding Association of the United States accept the terms of the act before June 1, 1880, they shall be authorized to do the ;funding, or, in case of their failure to do so, the Governor of the State may make contracts for the same pur- pose with other responsible parties. ‘ ‘The bill and substitute were ordered printed. The introduction of the latter created quite a sensation, and is: supposed to be the result of an understanding between prominent Vir- ginia Republicans and the bondholders. If this turns out to be true itis well, for gooa Republicans have little in common with par- ties who repudiate their just debts. Indeed, it was a reproach upon the party that the Virginia Republicans haye codperated with |. the Readjusters, as has heretofore been the case. THE moral effect of the agitation which has been going on concerning the ex- orbitant tax levied by the railroads upon the surplus grain and provision products of the West is shown in the action yesterday of the meeting in this city of railroad managers, representing nearly every important line in the Eastern, Middle, and Western States. The question of a general reduction of rates was referred to a comuittee composed of prominent officials of roads connected with the great “federation” formed for the purpose of maintaining high rates, with instructions that the situa- tion: be considered with regard alike to the interests of the railroads and of the pro- ducers and shippers. This Committee wisely concluded that it was time to make a’show of respect to public opinion, and reported a re- duction of 5cents per 100 pounds on grain and flour, making the new rate 35 cents from Chi- cago to New York, to take effect March 1, with a corresponding reduction in other ar- ticles to go into operation March S. This report’ was adopted and in addition the meeting voted a practical reduction of 5 cents per 100 pounds on live hogs, the rates to all New England points to be the same as those to New York, and all rebates on hog shipments, whether for domestic or foreign consumption, to be abolishe THIRD-TERMISM IN NEW YORK. Mr. Conkling may be said to have won a victory in the New York Convention very similar to that which Don Cameron achieved in the Pennsylvania Convention.| Cameron carried the day by 22 majority, Conkling by 87'majori relatively about the same. : The instructions of the two Conventions weresub- stantially alike, and they misrepresent about the-same proportion of Republican voters who expressed themselves through their del- egates as opposed to a third term. There is this peculiarity about the New York instructions: they were carried by a majority in the Convention made up in most part from the distiicts that give »-Democratic majority. The 160 delegates who voted against the instructions to vote|for Grant represented the Republican counties without which New York cannot be carried for the Republicans. It is estimated by those on the spot that, if the vote on the instructions had been confined to the Republican districts, there would have been a majority of 50 against the third-term dictum. This fact is innportant as showing that Conkling’s instruc- tions do not fairly represent the effective ma- jority of his party in New York State. The attitude of the New York delegation to the Chicago Convention will be anomalous. The Convention instructions require that it shall vote solidly for a third term, whereas 30 out of the 70 delegates will be personally opposed to a third term, and represent con- stituencies equally opposed thereto. This curious condition of things has been brought. about by a partial failure of Conkling’s pro- gram. It was designed that the “machine” should appoint third-term delegates from the anti-third-term districts. This was to be brought about by taking from the anti-Grant districts the right to appoint their own dele- gates, and by conferring this privilege upon the Grant districts. That is to say, the majority in ths New York Convention was to dictate general instructions and then select a unanimous delegation to carry them out. “This program would have deprived every district in New York of its representation in the Chicago Convention with the exception of those that had a ma- jority in favor of a third term. This tyran- nical proposition failed. . It was too perspicu- ously dictatorial and unfair. The result was that the districts which were anti-third term in the Convention retained their right to ap- point their own anti-third-term delegates to Chicago. When this‘nad been done the. del- egates representing anti-third-term districts were instructed to vote at Chicago for a third term along with those representing districts in fayor of a third term. The New York delegation will thus come to Chicago ap- parently a unit, but really divided against it- self. Thirty of the seventy delegates voting for a third term under compulsion’ will ex- press their opposition thereto in every way except through theirinstructed votes. What respect can the New York delegation com- mand at Chicago’ under these conditions? What moral influence can it hope to exer- cise? There is one essential feature in this strug- gle over the third term which has been ig- nored by both Cameron and Conkling, by both the Pennsylvania Convention and the New York Convention. The rule adoptedby the National Convention at Cincinnati in 1876, which is binding upon the party until repealed, and which will have the force of precedent in making up the rules for the government of the Chicago Convention, pro- vided that évery delegate should vote indi- vidually according to his own preference or the sentiment of those whom he directly represented, without regard to any “‘unit rule” which -a majority-of the delegation might seek to enforce, and without regard to any instructions that had been given by the State Convention. This procedure was based upon the true principle that the people of every Congressional District represent- edinthe National Convention have the right to give expression to their preference through their delegates. It was a proper and com- mendable negation of the State-sovereignty doctrine in 2 Republican Convention. If the Cincinnatt rule be continued at Chicago, as justice to the people and Republican prin- ciples demand it shall be, then the anti- third-term delegates from New York and Pennsylvania will be at liberty to vote ac- cording to their conviction and the desire of their constituents. The State Convention instructions will be binding only upon the four delegates-at-large from each State, ap- pointed by a majority in the State Conven- tion which gave the instructions. Under the peculiar conditions in which the New York and Pennsylvania delegations have been made up, their votes at Chicago will either be divided, or represent in large part the votes of men under partisan duress voting against their own convictions and the instructions of the districts which gave them seats in the Convention. —_—_——— = AMENDING THE LAPD LAWS. The amendments to the Land laws of the United States proposed by the Commission appointed to investigate the subject are most of them clearly just and proper. There is an immense body of land, especially in the Territories, which is not arable at all; agere- gating, perhaps, a million square miles; other bodies are not arable without, irrigation, while the remainder is divided among land fit for pasturage and that which is known as timber and mineral land. The amendments to the existing Jaws. will propose to confine the disposal of the arable lands to the Home- stead law. The privileges of -the Timber- Culture law will be confined to those persons holding lands under the Homestead law. The most needed and perhaps important change in the. law will be to enlarge the number of acres of irrigable and pasture land which may ‘be entered. The present limit is 160 acres, but this irrigable land is worthless unless watered. The irrigative process is too costly’ to justify any person holding only 160 acres to engage in it; hence the inability of settlers acting separately to take such land. Itis proposed, therefore, to allow settlers to enter this land at 25 cents an acre, payable in five equal annual install- ments, the Government retaining the title until the land shall have been irrigated, or until at least $2 per acre shall have been ex- pended for that purpose. This will offer in- ducements to settlers to occupy lands which are now not habitable at all, and therefore remain a barren waste. Another class of land is that fit only for poor pasturage. This land is not arable, not irrigable, is untimbered, and not mineral. It is fit only for pasturage, and can only be employed when in tracts admitting of long ranges for cattle, A homestead of 160 acres of this land is of course valueless. «It is proposed to allow persons to enter such land in large quantities, as well the irriga- “ble as the pasturage lands, and to allow twenty or more families to unite in forming a village settlement, and to reside there without prejudice to their homestead rights on the larger tracts used for pasturage’or in process of irrigation. Two thousand five hundred and sixty acres of pasturagelandsare to be regarded as equivalent to 160 acres of. arable lands, and these pasturage Innds and the irrignble lands are to be offered to actual occupants in large quantities as an induce- ment for them to be taken up. All these changes in the law are proposed in order to have the immense tracts which are now impossible for occupancy taken up and eventually reclaimed by actual settlers. Practically such amendments will vastly crease the area of land open to settlement under the Homestead Ia’ in- THE INDIANA DELEGATION. On the same day that a partial victory was secured by the third-term movement in the New York Convention it met an overwhelm- ing defeat in Indiana. The District Con- ventions in the latter State were unanimous- ly opposed to 8 third term, and not a single delegate was chosen who was in favor of risking the chances of defeat on a third-term issue. The great majority of the delegates are professedly for Blaine, who will probably receive the solid vote of the Indiana delega- tion at Chicago, but the general sentiment of the State indicated a united opposition to the third term rather than @ stubborn ad- herence to any one candidate. For the time this sentiment found the readiest and most effective expressing in uniting upon Blaine. The situation in Tadiana seems to have been fairly and intelligently summed up in the following paragraph from the Indianapolis Journal, the leading paper of that State: ‘Tho Congressional District Conventions which assembled throughout Indiana yesterday were entirely harmontous, and the best of feeling prevailed throughout in the Seventh (Indian- apolis) District, An anti-third-term resolution was introduced in the Fifth, and perhaps other districts, but laid on the table, There was at tho same time a very pronounced sentiment in all the Conventions agninst a third term, and, if the resolutions had been pressed, would probably have been adopted. The general feeling, how- ever, was opposed to instructions and 0} pe oo tho passage of any resolution that would b Pleasant to confront in case any one of the lea Ing candidates now before the country.should be nominated at Chicago. The sentiment of the Republicans convened throughout the State at these Conventions was very decidedly for Blaine, with a strong sentiment for E. B. Washburne as a dark horse. The impression has be- gome quite general throughout Indiana that Washburne would carry the German vote almost solid, and would make huge inroads upon the Catholic vote, and that, huving stood as the “ watch-dog” of the Treasury tor six- teen years in Congress, and having been absent from the country during the great, strain brought to bear TIpOE it in the measures looking to resumption of specie payee there is nothing in.his record which would have to be defended, and that he would, therefore, be an available man in Indiana. While, therefore, the delegates appointed to-day are all, except two, Blaine men, it would probably have been diffi- cult to secure instructions for him in the Con- ventions. Such instructions were given only in the Secocd District, and in that, his name was coupled with that of Gen. Harrison for the sec- ond place. ‘The delegation, therefore, from In- diana, while it is, with two exceptions, nomi- nally for Blaine, is not very strougly anchored. ‘There is one tht bowerer, very certain: that is, that between Blaino and either of the other eat SP Mor inne. ae elegation will vote solidly te unit rule will not bo enforced, but adopted asa matter of State policy. ‘The absence of all ‘“‘machine” influences or packing processes was very notable in In- diana when compared with the proceedings of the New York and Pennsylvania Conven- tions run by Conkling and Cameron. There was no attempt’ to stifle the preferences of any part of the Republican voters. There were no instructions, except in one district, and no resolutions calculated to create dis- sensions in the party. The Blaine men were nominally in the majority everywhere, but they took no advantage of their preponderat- ing strength to crush out the minority. The delegation is of a character that is free to act at Chieago for the best interests of the Re- publican party. There were indications that Mr. Washburne can command even a larger Republican vote than Mr. Blaine in the State, and that the delegates are ready to agree upon him or any man who shall develop the strongest hold upon the people. The only stubbornness exhibited was in the uniform opposition to the, third-term movement, and even that sentiment was not manifested in an offensive or injurious manner. The Indi- ana delegation to Chicago, though inferior in numbers, will exercise more influence in the National Convention, for these very reasons, than will either the New York delegation or the Pennsylvania delegation. ‘The popular sentiment of Indiana is en- titled to the most respectful consideration in the Republican Convention. Indiana is a doubtful State as well as New York. It is the one State—the only State—to which the Republicans can turn in case the Joss of New York be threatened. If the Republican sen- timent of Indiana be averse to the third- term movement, as the action of the District Conventions certainly indicates, then the National Convention cannot commit itself to the third-term idea without incurring the danger of losing votes enough to make Dem- ocratic success In that Staté certain. This danger does not exist in any other case. Washburne would probably poll a much larger vote in Indiana than any other candi- date could, because of the powerful German support he would attract to his side; Blaine would undoubtedly poll the full Republican vote; and if Grant is nominated the Hoosier Republicans will do the best they can for the ticket. There is strong faith in Indiana that Blaine can carry the State, and a moral cer- tainty that Washburne would sweep it if the Convention placed him on the track. | ee BOARD OF TRADE DELIVERIES. Leading members of the Board of Trade in this city have been for. a Jong time past ex- ercised in regard to the risks attendant on “making deliveries in the usual way on con- tracts. The warehouse receipts for grain and provisions, which are as truly property as bank-notes are money, are carried through the streets by messengers in large quautities, and often delivered over the counter without waiting for the money in the hurry of getting the stuff out on the first or last business day of the month. The plan endangers loss through negligence, and gives opportunities for swindling on a big scale; the wonder be- ing that-the latter has not been attempted more than two or three times in the history of the trade. A change would have been made much sooner but for the existence of } the well-known legal difficulty in the’ way of proving actual delivery unless the ware- house receipts haye actually been presented to the buyer. : It is now proposed to so amend the rules of the Board of Trade as to permit the seller to senda written notice to the buyer to the effect that he is ready to deliver the property. The notice must, however, state in detail the warehouse receipts proposed to be delivered, and the contract price; also the net value of the property at that price. The -service of enues, brought scanda} upon the insti ite mene the country, caused the tremendous po- litical revulsions of 1874 and 1875, and nearly de- fented the Republican party in 1876. This doubt must be met. The apprehension of a return to the abuses which were followed by such disastrous results will assert itself in a third- term campaign, and political prudence de- mands that it should be given propor consid- eration in advance by those who shall be confronted with it, If the Republican part; adopt the third-term fssue' as its own, it should be prepared to allay the popular. preju- dice against it and the popular. ‘ear that it will entail consequences fatal to party success. No man who is familiar with the political events of the past few years can deny that. the present Democratic control of both Houses of Congress must be traced to the abuses and scandals of the second term ofthe last Administration. ‘The ople turned to the Democratic party as the fessor of twoovils. Norcan it be successfully denied that the same causes almost cost the Re- publican party the Presidential election of 1876, notwithstanding it was conducted upon the dis- tinct pledge and issue of. administrative reform and purification. Thoso in charge of the Repub- Iiean party's future cannot close, their eyes to is fact. Tens of thousands of Republicans trergwhere ‘are constantly asking themselves and each other whut assurance they have Ceti a third term shall not return to power e corrupt elemen' were. Tesponsible for the disgraceful events of the second term. Men are asking the question, Has Conkling, or Cameron, or Logan, or Carpen- ter, or any other of the conspicuous advocates of a third term, given such an assurance?» Has Grant himeelf made any such pledge ? If so, when, where, and to whom? It is not a question of Grant's popularity, nor of his brilliant past, nor even of his -personal responsibility for the men and events that disgraced and shipwrecked his second term; the question is, how to satisfy the American peo} le that the election of Gen. Grant for a third term shall not bring “the old crowd" into power again, and shall not inspire the same polar distrust that led to the sweep- ing, crushing Republican defeats of 1874 and 18i0, The itepublican politicians who mect at the Grand Pacific to-day owe it to themselves, to their constituents, and to the future of the Republican purty in Llinois to give these inci- deuts of third-termism frank and serious con- sideration. —_———— THE NEW NATIONAL CONSOL BOND. lt is understood at Washington that when the bill matured by the Committee of Ways and Means to provide for an issue of 33g per cent bonds maturing forty yearsafter date, and payable at the option of the Government at any time after twenty years, is taken up for action, an amendment will be offered making the bonds permanent, and bearing only $ per cent interest. It is intended ‘that the Govern- ment shall dispose of these bonds from time to time to take up all the outstanding bonds of the United States. This is practically to put our debt into the shape of the British nation- al debt, subject to such reductions as may be made annually by the purchase in the open market of outstanding bonds, the purchase to be made from the surplus revenue. There are many considerations that may be urged in favor of this scheme, and many that may be urged against it. The most serious objection that can be presented is the uncertainty whether 23 percent bond can be sold at par. English consols range in price, according to the condition of the money market, from 92 to 97 cents, but rarely if ever do they reach par. . Now, can the United States sella 3per cent bond at par when this is found to be impossible even inEngland? If in England, where there is so much surplus capital, and where so much money is permanently invested, a 8 per cent bond cannot, even when money is abundant and easy, command par, is it possible for such a bond to be sold in this country at par? Itis not likely that the people of this country will consent to the sale of any bonds at less than par and thus add to the public debt, Unless, therefore, there is an assur- ance that this bond can be sold at par there will be no economic reason why it should be issued in preference to the 3}¢ per cent bond, as proposed by the Committee of Ways and | Means, such notice is to be held as a valid tender of | the property on time contracts, under the rules of the Board; provided the property is actually delivered, or is shown to have been ready for delivery on presentation of the notice by the buyer or his agent. The in- tegrity of the notice is guarded by a pro- -vision to expel from membership any person found guilty of issuing such notice without having the property in his possession, or dis- posing of the same except in the manner provided by the rules which include means of action in cases of default. ‘There is nothing in the proposed change of rules to prevent parties from delivering re- ceipts as at present, if they wish to do so. The object is simply to obviate the dangers which beset the present method of transact- ing this part of the business; and the details of the proposed new rule seem to have been framed so as to make working under it smooth, and satisfactory to both parties. It speaks volumes for the commercial integrity of the members of the Board that the absence of such a rule has not been tuken advantage of ere this to defraud on a mammoth scale. AVOIDING THE POINT. The management of THE TRIBUNE en- grossed pretty much all the editorial thoughts and space of yesterday’s I.-O. One of its articles it commenced in this way: In yesterday’s Trtuune Mr. Medill had a long and powerful leader ngainst the third term, and in the course of that lender he frequently cried out to the friends of Grant to give him a reason why this great bugnboo would not prove dis- astrous to the party if Grant ahould be nominat- ed. The Jnter-Uccan can ane him a reason which, even thouzh it should not. be satisfactory to other people, will put Mr. Medill to sleep in a heavenly calm and with a smile of peaceful con- tentment about his lips. We looked with some curiosity, mingled with a little hope, for an answer to the serious matter of that “powerful leader,” but found nothing excepta paragraph quoted from.an article in THE TrrBune of last No- vember, that Washington might have accept- ed another, election after the expiration of Adams’ ‘term; if he had lived, in. the event that the Ainerican people had asked. his services; and we still think so. 3 After an interregnum of four years, if the oflice had again been pressed upon him by his countrymen irrespective of party and without an opposing candidate; we believe that he would have felt it tobe his duty to accept it. But George Washington was the last man in America who would have ac- cepted a third term of the Presidency if tend- ered to him through the machinery of the “unit rule” which compels nearly half the delegates of the greatest. States to vote for a candidate to which both theyand the districts they represent are bitterly opposed. Wash- ington would not have considered a third- term nomination thus secured and procured as one that he could accept; nor is it yet known that Gen. Grant will allow himself to be acandidate by such unrepublican means and devices. But the most serious matter in the “ long and powerful leader” to which the I.-O. at- tempts to reply is not so much as mentioned. by it, but is carefully avoided and evaded. Some very thin wit and slushy invective are substituted for a reply to the portions of the “leader” that were too “powerful” to be grappled with, at least until instructions are received from the boss at Washington. Here is what Tue True said, which the I.-O. has not answered nor even ventured to refer to, much less to give the assurances without which ‘even it will hesitate to ex- press confidence of victory: | : Aside from the third-term issue undoubtedly exists in the minds of ee ane as well as of those who are accustomed to retiect -seriously, a perplexing doubt whether a third term for Gen. Grant would bring abuut a resto- ration of the ‘machine and spoils system which disgraced the last Administration, squandered On the other hand, it is argued that a permanent bond, redeemable only by the consent of the holder, will have a market- able value much greater than a bond which the Government may recall at any time after twenty years. This permaneiicy. of the bond, however, equally pertains to the English consols, which are not redeemable at the pleasure of the Government, and can only be purchased by the Government in the open market. The améunt to be issued during 1880 and 1881 is about $300,000,000, but the total sum of outstanding bonds proposed tobe replaced by these 3 per cents is about $1,600,000,000. It may be that a few years hence, when another batch of the outstand- ing bonds fall due, 3 per cents may be floated at par, but the present indications are that they cannot be now sold at such price. The bill prepared by the Committee of Ways and Means proposes a bond bearing 31¢ per cent interest, and payable in 20-40 years after date. All the bonds sold by this Gov- ernment, with the exception of a few 6 per cents, have contained this provision of being payable at the option of the Government after a specified date. This was the casein the 5-20 bonds, in the 10-40 bonds, and in the 10-30 bonds. Under this option the Government has been able to replace 6 percent bonds fall- ing due with 5,44, and 4 per cent bonds. Recently, the French Government ex- perienced the disability of being un- able to take up a large portion of its debt because of a want of this option. It could readily sell new bonds ata low rate of interest, but it had no authority tocallin the bonds bearing a higher rate of interest. Its only recourse was to purchase the bonds, which were at a large premium, in the open market. The American theory is that a permanent National debt is not such a blessing as to be desirable, and hence the universal agreement that all public debts should be contracted for a given time and the privilege of paying it at an earlier day retained. It is not likely that this policy will be abandoned until there is some certainty that a 3 per cent bond can be sold at par, and thus offer such an in- ducement in the liberal reduction of the rate of interest as will compénsate for the change ot policy. é Tus Secretary of the Chicago Board of Trade has just issued the twenty-second an- nual report of that body. The figures pre- sented are very instructive, and show a de- cided increase in the trade of the city, 138,- 154,571 bushels of grain and flour having been received here in 1879, against 134,086,595, for the previous year. The receipts of seeds were 130 per cent of the quantity received in 1878, while the increase in the receipt of live stock has been unprecedented. The’ conse- quences to the'city have been very consider- able. More employment has been given, more money has changed hands, and the farmers, on account of the increase in their products, have been enabled to invest more largely. The amountof lumber shipped from here to the farming districts has materially increased. There has been an increase of 30 to 35 per cent in the sales of general mer- chandise. In some articles, as in the case of iron, the increase has been much greater. The value of the farm products shipped from Chicago during the last year is estimated at $252,152,000, of which $51,300,- 000 is reckoned as being the sum obtained for live stock, $78,452,000-for flour and grain, and $73,500,000 for meat, lard, and dressed. hogs. The estimated value of farm prod- nets for 1878 was $207,400,000, thus showing an increase of $44,752,000. These figures are eminently satisfactory, and go to show that “Chicago has not Jagged in the path of pros- perity and progres: ———____. Mr. E. C. Lamsep has twice taken the occasion to say—once in a letter to a newspaper and again atthe Pacific Hotel mecting—that Gen. Grant is “ not the candidate of the Politicians, but of. the people.” Mr. Larned may have special sources of information, but to o} observers he seems to have spoken that. which ho wished rather than that which he positively knew tobe trne. Nobody can tell candidate of the people until the Pat named acandidate. Ger. Grant may ben? candidate, and he may notbe. It is ire premature to say who the candidate of ple is. On the other hand, it-is clear Grant és the candidate of some of the Most. spicuous professional politicians in thiscouc including Senators Cameron, Conkling, md ter, and Logan, each a “ manager " in his §; and each at the head of an nize machine. Some of the politietans pa eoieal: Gen. Grant are Russell Errett and Broce State Quay, of Pennsylvania; Gen. Artha-, ex-Collectors Arthur and Murphy, Superintece ent of Insurance Smyth, and othe New York; Long Jones, Dan'l Shepard, others equally prominent of Illinois; and g. at ber of Carpenter's henchmen in Wig though there the support from alt classes notably weak. It was almost ludicrous tore ‘Larned to make such a statement before the crowd at the Pacific Hotel Wednesday, whieh contained some of the most adroit political mane agers in the State, not a few of who. Gen. Grant. eaters doe the peo. that Gen, —_ Noxopy has ever accused the I.-0, of tg. ing wise, but it has sometimes been conri consistency. Ithas done a good deal of inte to destroy even this little reputation; and it reached the bight of absurdity Wednesday morn. ing when it printed one after the other following paragraphs: tates We copy from the} Ina big Ike Freie Presse this morn- ing the names of a large gumber of Germac cit zens who are favorable|earth which t to. the ‘nomination. of|will ect up the poe Gen. Grant. To thoselIf the circuinr mention living in Chicago it willjed hnd beena petitions be unnecessary to §x-|disinter the’ bones of plain who these gentle-|Lincoln and men are, but to others'them to the four winds we can say that they are/of heaven, nemes,-and among thé most promi-:plenty of them, nent and influential/bave been obtaine? Germans of this city,|the same means used in and, indeed, of the coun-|this movement. Thers try. ane open eee ae men in ev ence they express forjcity who would Gen. Grant should ef-|fo havo thelr gaudect fectually dispose of the|thers’ ears clipped it g absurd ‘notion that thelslight reward was offers Germans will not cheer-| fully, and even enthn- siastically, support him| nominated. Fi cago fouroriive the sand names can = tained to an peat ed for signatures. It: te serves aboutasmuchate tention us the Di from which 2 good share of the names will be n. Says the Philadelphia Press, which fayorg Blaine’s nomination and denounces the stifling unit gag rule imposed on the Blaine delegatesto the Chicago Convention from Pennsylvania: - The National Blaine Club.” a publica Washington, states that it has ‘assurances ae more than twenty of the fifty-four district dele- gates to Chicago from Pennsylvania will vote ‘or Mr. Blaine on the first ballot, and that after they will be joined by many others. This revolt is evidently attracting attention at Wash- ington. Itis stated in several newspapers that @ “confidential agent” of the Grant men is now in Pennsylvania, armed with full authority to stay the revolt—if he can find out how to do it, If he will make the Press bis organ of commun cation with the people, we will be pleased to record his experience. He'd better not aggre ‘yate the “kickers,” as they might harm him, And yet we doubt whether “tickling” themwil} answer the purpose. The case appents to bedes- perate. The people are an unmanageable ele- ment when roused, and this appears to be their present condition. A porxtse of the Mississippi Legislature on the 22d inst. shows a choice for President as follows: : Firat choice—Seymour, 41; Hancock, 22; Bay. ard, 16; Hendricks 9: ‘Tilden, 9; Grant, cme man, 8; David Davis, 1; Weaver, 1; Chase, 1. Second chotce—Hancock, 36; eae %; Hendricks, 18: Bayard, 9; Blaine, 7; Thurman, 7; McDonald, 2; Voorhees, 1; Grant, 1; Weaver, 1; Sherman, L. * To THE St. Louis Globe-Democrat—JoeMc- Cullagh’s Grant boomer—belongs the credit of first publishing Jere Black’s “lively article” against the third term. Mac is evidently hedge ing or preparing for a flop over to Jim Blaino, who is his first love, and “for whom he pines ig thought with a green and yellow melancholy.” , Tue St. Louis Globe-Democrat thinks thé fixing of the Democratic Convention at Cincin- nati means Thurman. Sam Tilden is a shrewdee politician than the editor of the St. Louis organ, and he didn’t think so. BAe fs the first choice for President of the Republican members of the Ailincis Legisla~ ture. s SENATOR ConKLive is already spoken of for President of the Chicago Convention. PERSONALS, ’ “Tt seems that there are other scratohers besides my crowd.”—(zeorge TW. Curtis. Mrs. Smith, a female Sand-Lotter, out- blackguards Kearney, and Denis is beginning to think that the Smiths must go. fe Charles O’Conor is a great pedestrian, and attributes the extraordinary preservation of his physical and mental powers to the long walks taken by him daily. Carrol! Tilton, son of the man who acquired some notoriety by getting up in the dend hour of night and carrying Bessie Tarner around in his arms, is studying for the ministry. “College Professor’—You are Wrong about the quotation. It is, “When My sulp Comes Home,”—not shirt. Poets never let theit shirts get that far away from them. ‘ Summer-time will come again, With its softly-blowing zephyrs. Lowing kine are in the fields; Some are cows and some are heifers. —Tennyson. a Anna Dickinson says that she has “not passed her 30th birthday.” Sheis gaining onit all the time, however, and we expect .to seé & desperate struggle for first place wher Anni B and that birthday fall foul of each other. “How long shall girls be courted?” asks an English newspaper. Itdepends. Some giddy creatures won’t listen to a proposal until they have been hauled around to theatres and filled with oysters and ice cream for a year OF tw, while others are ready to talk business. at tho end of the first month’s acquaintance. A * scheme is to ask your predecessor in the matter what his experience was, and steer by that." os <== POLITICAL POINTS. i The defeat of Mr. Curtis is due to his known political honesty; and when, to advance the cause of Gen. Grant, itbecomes necessary 10 thrust political honesty into the background, what good can be expected from the cause oF from the man who profits by such a transaction? It will be like the falee hope of expecting figs !0 grow on thistles.—Boston Herald. nits The anti-Grant Republicans of Albany have printed an address giving their for not favoring Grant's nomination. In it they say: ‘ “ Tho Republican party was strong when he Se elected. Dissatisfaction was rampant: be fis the close of his first term, promises of amend : ment were made, but never kept, and ate a close of the second term it was for a hi? doubtful who was President, and the Republic. ans were a minority in Congress. And if Grant should be again elected we prophesy a like T sult, and 2 worse one for the Republican pe So muck for Gen. Grant's historical availability Thurlow Weed writes to the editor of pe New York Tribune on the third-term question acalm and judicial spirit. He says: 2 of ‘There are, in the judzmentiof a large class ot Republicans, ob peuons to third-term oomeiy tions. Usages, in the course of time, one possess the strength of enactments. Ena! and, for exumple, bas no written Constitution; ¥ usage hus given her a form of government well defined and binding as it could have by a fundamental law. Washington, Jeffersom ladison, Monroe, and Jackson, in retiring af nie serving two terms, loft examples worthy of tation. If, therefore, an exigency: should on demanding the renomination of President Grav ay that exigency will be manifested by a spon! ‘pica. ous opulur movement,—a movement Wire would jnsure bis election. His nomination usey) other circumstances would be undesirable; this view of the question, after reileeting oro and anxiously, [cannot but regret that State a yentions were called in Pennsylvania an sexe York before the public mind was prepared to oe press its-best judgment. Gen. Grant, seo08 laine, Secretary Sherman, and fr. Washbures are recognized by their respective friends Oe candidates for the Presidency. Each an iby these gentlemen are capable and trustworthy Either cun be elected, if his harmonious ni an nation cun be reached. Is it not importan tion this aspect of the question, that our delegst rar should go to the National Convention witht instructions? If intelligent and reliable wep of licans are designated us dclegates may thoy the be safely trusted to ascertain and express 07 Ait Hiei Epp ft aecoraney ‘a delegation appointed in nce’ the views of Congressional districts, sud lett freo to act upon the latest and best reflec! ion id pular opinion, Gen. Grant's nomination ¥ Belvindicated by his election. if, however. 0 ct and objectionable mothods obtain, the succes onr ticket would be hazarded, |