Chicago Daily Tribune Newspaper, March 21, 1881, Page 8

THE CITY. IN GENERAL. G. W. Jusaes, U.S, N., fs at the Patmor, F. K, Chrsest, of Roston, fs nt tho Tromont, Jonx T. AvEntid, of Bt Paul fs at the Bae elie. A. C.Ponter, of Cloveland, ts at tho Shers man J.C. CLAnKE, of Wausnw, Wis., Ja at tho Sher- aman, M. B.Evinage, of New York, is atthe Troe mont, . Anrar P, Giro, of London, tsnt tho Tro- mont, 3 W.N. Dr Fress, of Sau Francisco, isat the Sherman, J. W. CHapMAN, of Councll Bluffs, In. 1s nt the Sherman, ‘A W. 1. Dotsick,of Santa, Barbara, Cal, fsat tho Paetfic, Mn. AND Mus, Geonan H. Rantxsoy, of Lead: ville, ary at tho Palmer, - Mate. Amunr and M, Tournte, of the French opern company, are nt the Paltner, . “Divorce” fs the subject of Mr. Caverno'’s Jecture nt Horahey Bint at 1p. m, to-day. Min. AND Mrs. JAstes D, Wanknit and A, D, Huricot, of 8an Francisco, are at the Palmer. A.V. Dyson, of Manchester, Eng, and Mr. and -Mrs. Quinn, of Toronto, Can., are at tho Palmer. H. Wanpo Jonsox, Harry Hank, and Luko Martin, of the “Danites” combination, fre at the Pater. C. K. Lon, General Passenger-Agent, and $3. Spencer, Vicn-Preaitent, of tho Haltimore & Onto Kaliroad. and A. Ve TE Carpenter, General Vassenger-Agent of tho Chicagy, Milwaukes & St. Maul Kallroad, are at the Pucitly. ‘Tre Young Men's Chriathin Association have arcinged with the Mendelssohn Quintet Club, of Boston, to yb its Mbra ings, Mare 31 and Apri 1, in Farwell Hall, Oxney D. PAnKER Mr, and Mrs, MeKee Ran kin, and Willintn ‘'T. Hull, of London, England; ohn Hope, of Bow Park, Can.; V, Cheatinvert, of Quebee; A. E. Galwner, of Montreal; and M. Lienthal, of Paris, France, are registerea nt ‘the Pacific, sJoun LitTLe, a messenger-boy in the employ: of tho A. D, T. Company, was sovercly bitten in differant plices by a largo Newfoundland dog, whleb he encountered whtle delivering a mes- sage ntNo, 2h Forquer street. ‘The dog wis shot, und the boy's wounds were dressed by Dr. Buekley. REINHARD? STitAus, Of No. 63 Tlinols atrect, “wna yesterday victimized out of $24 in one of tho low-down pancl-yamo houses on Clark street, neue Taylur, kept by Jonnie St Char. Lizzie Bennett, Theodore Kerstner, and Fannie Anderson, Inmates of the house supposed to duve been imolicaten in the theft, were arrested and locked up at tho Armory, A MEETING of the Hibernian Rifles wns held yeaterday afternuon in the Council Chamber, uj. Farrell prosldliig, to make arrangements: h National military ball.ro be held May Oly tho Exposition Building, A lst of the committees was reported, It was stated thitt 10,000 tiexets bud becn sald, Two hundred sub- acription-books were orranged for to secure contributions to be applied to tho purehnse of a stand of colors to bo presontel to the Milles on tho ocersion of the bail. Capt. J. R. Cuok, of Company A, was elected Chairman, c _4 Doctor iiving over Ryan's concort dive at No. 25) Hulsted street yesterday brought to tha Weat Madison Street Station « formidublo bowte- knife whieh he found ft the hull Just outside his dour. Upon getting up yestertay morning the Doctor found one -of ‘the concert hall's patrons lying in a mass of filth just outside his door, and os ho kicked the fellow out he notled him fumbliny hig clothes as lf for something he had lost. i ‘was not until the drunken lodger was out of Bight that tho knife was found. People in that. vicinity fro nightly subjected to these kind of aunoyunces. MILITIA NOTES. G. D1. VANziwott has beon olected First Lieu- tenant of Company E, Second Regiment. Finst-Lixur, C#antes WH, STankwEaTuER has been elected Captain of Compuny C, Second Regiment. * Finst-Ltevut., L. M. Eppy, Company «A, Twelfth Battalion, Marseilles, bus tendered his resignation, . : ‘Tite Sixth Hattation bas now become a regi ‘mypnt, with eight compunies, and the fleld-ofl- cers will all have a ralso in rank, Finst-Ligur, Cizsrer T, Marcon -has beon appointed and commisaloned Ald-de-Camp to the General commanding tho First Brigade. AN election will take ‘place. ‘at tho Compan; Quarters of Company H, Firat Regiment, Marel 30, to choogo a Second-Lieutenane for that Com- pany, vico Hopkins, reslyned. - Awelection of officers hns been ordered for Company C, Bixth Hegiment, on Wednestay evening next to choose a First-Licuteannt, vie Hancock, resigned. Capt. J. 1. Whelan wit M two concerts for the benefit of fund on crhuraday end Friday evens preskle. Fiust-Lizvr. J, B. Chow, commanding Com- pany G, twelfth Baituiion’ at Platntloldcrocom: inends tho bonorqble discharge of Private Bus gene Robortaon, on account of his having been elected Cuptain of tho company. Cart. G. N. Bucwanan, Company A, First Regiment, recommends tho honorable dischurgo of Sergt. Charles N. Black, on account of bitsl- ness pogacementa; Private Karl WH, Sinith,on necouiit of removal from tho States and Private George F. Moore, on account of expiration of term of service, AN elcotion will take place in Company 1, Bixth Lescimont, next Thuraduy ev cD tor Cuptain, Firat Lioutenant, and Sucond Lieuton- ant to till original vucanotes, this boing the new cotnpany of “Scota.” ‘This alection takes pluce the evening following tho aunual muster of that _Feglinent. . Courany F, Twelfth Rogiment, Sublette, was to have beon Ingpeoted tase Saturday ulght, DUE soning to tho snow-blookade ft wus utterly tine posalble for the Inspecting: Uiliver to reach that place from La Salto, bis Inst point:” Tho inspecs ‘Uan aud tuuster, thorefore, will have to be poste poned until some future tine, Tit Ottawa Company D,of the Twelfth Dnt. talon, mitbough ably instructed, composed of ‘tho bext material, baying plenty of money, splendid armory, and the hearty moral support of the people, bug run down within tho. past year to such un extent that its disbandment and Feorguntzation will doubtless be recommended by the Inspector, Livur, Tooker, Company G, ‘Iwelfth Battnl- Jon, has been behaving very badly since bls ole Hon, and by Uls conduct has injured the I fold company considerably. tle has refuse! to equip binwelf, although he bas been an wllicor Jor nearly two yeurs, claiming that the Ntute should purchase bia aword and outtt for hin 1p will probubly be disciplined ere loug if ho dues not tender bis resignation, ‘TE Inspectors of the Firat Drigaie will ine Epect alt the elty commands this week, asf owas | Hirst Reylinent, Munday eventng at grelock; Becund Heylment, ‘Tuesday events Sixth Nogiment, Wednesduy evening; Sixteenth Hattulion and “Battery D, Thursday oveniny fi td the Fine cavalry, iliday eventing. Ade Jutant-Gonerat Hillard and Col. BE. B. Mamnilton,, of Quiney, Inspector-General. will be presont to Witness the inspection and mustur. UUENE KONEON bus becn elected Captain ot Compuny G, ‘Twelfth Infantry, nt Pl tll ‘Dur there 1s suincthing of a cantroversy goin, oO in reaurad to tha legality al the election, It Deing claimed by a mujority of the company ‘that sulllclunt notica was Hot given tu the nM bers. Mr, Robertson was mustered us a private du tho ranks. tust week, and First-Liout. Clow ‘Wag recognized by the Inspecting ollicers a8 come ynander of the Compuny, tho former not havlog dug received bia commission ua Captain, ‘Tne Inspector of tho First Brigade fluda near. y wil the commanding oflcers af companies in tho rural diutriots denciens in Inatruction, Moat ut thom wero chuden beenuse thoy were ofileurs du the late War, and thoy eling to traditions with A tonucity worthy of u better cuuse, considering shat Hardov's tactles ure tabooed in tha Nutlon- abGuard. Itivu limentable fuet that tu nue cnses out of ten the best commanding ollicura are not found itnong the vetern oF “dh, but among Young men Who Hever gw a musket Un- Ul they jolued the millita, provided thoy wero Hell deifted tn the ranka before becomming of- ms third and lust contest Bbourds & Co. Cup hus beets he pre 8 On the avinory rille-range of the Firat Regiment, LN. G., during the past week, ‘The original vatrles beluded Conpuntes A, H, Fy Geand f. Company ¥ withdrew betore shoothig, luaving the tld tu the other four companies. ‘The contest wis elise and Interesting, and resulted hn W victory dor Company A by a seoro of 3h potnty out Of it Peadiblo 60, Campauy Lb mmking ss, G 3H, an ou. ‘The tropny, a bundsome silver cup, wud esontest to the reytitent bg Hallion, Suourdy, vu. during tho fulkof tort, ty become the property of auy company that won it three Umes, iu the first contest, whieh tuk place In Januury following, Company Awan by u seore of 402, “In tho second contest, tho Tollewiny Jane ‘uilry, the site compuny wou by A weore OF 40, aud avai, tu March, Ibs}, by a seure of Ud Voluts. ‘The cup naw belonge to Company de LAW AND SPIRITUALISM. Spsctit Dispatch to The Chtcayo Tribune, Lavaverre, Ind, slarch 2.—A euit la now pen ae 4a tho Circult Court of tnia county, iu Volving property vurlgusly esthimated at from 35,0 tu ¥5u,0, The pation to the sult ora Preston Carr, Daniel Carr, Mary Garr, und Sura Heurletta Scott, Henry Scott (her husbuud), and Willan Mace, defendants, Henrietta seott was the witeof Euwurd H. Muco, deceased. Henry | for the Harilton, ! THE CHICAGO TRIBUN MONDAY, MARCH 21, 1881. Scott is her husband at present, and William Mace $s hor son, Mra. Carr, mother of the Plaintiffs, wasn nioce of Polly Mice, wife of tho Hon. Daniel Maco, for soveral years n Hepre- sentatlvo In Congress from this district. Maj. and Mrs. Mace had but two fsons,—Edwart ond Thomns, Vrevions tothedenth of Maj, Mace, by suletde, Edwhed Maco married ayninst tho wishes and protests of his father and mather, and this fnduved the Major to make over all his property, real and personal, to his wife Pally. After the death of Maj, Mnee, Aunt Polly Mace, os sho was familiarly called, made n will in 8ep- tember, 1460, In avhich was tho following pro- vision: “T will all my proverty to my son, Ed- ward IL. Maco, on this cundition: that no prt of my property, rent or Peraonns shall evor coma Into tho possession of bis wife, Henriottn Mace; and that tho proceeds shail never be used in any way for the support of said Henrietta Mace, 1 further direct, If ut any thio my executors be- come convinced that the proceed of my. prop- erty are being so tscd, thoy shall proceed nt once todivide the property still remalning tn thoir possession botween tho beirs of my nieces, Mra Malinda Walk and Mra, Sarah Carr, shares nllke.’ ‘Thowas Mace died i April, 1874. In the April term of tho catrt, 1X76, Rdward Mace brouett suit to pave the willof bls mother set aside, the plea that It was contrary to putilic poll and would have the elfect of producing ni estrangement between hin and his wife; and that it was a cloud pon hls property in the es- tute. There waa no uppearance in defense of the sult,—tho excentor, Thonms 1, Ward wud John A, Stein, baving never qualifted, and tho wherenboutsof the relatives not buing known tu the court. During tho yeni that the application was in court, and before tho deeres settiug aside tho will (which was done ut the April term, 1877), several clroumatunees outside occurred? First, Edward Mace was divorced from tia witd, in Warren County; hut, soon after the rendition of tho deeree setting ustde tho will, and vesting all the property in him, he was, remurrled to hig wife,—the ceremony being performed by Jitdyo Ward, of this city, Subsequently {dwar Mace dled; and hla widow, sume years neo mare rled Henry Scott, one of tho defendants In this action. Secondly (and bere coines tho strangest part ot the drama), Mrs, Carr and ber to diughters were sojourning with Mrs, Dcfrees, a relative, in Piqua, 0. The two daughters frequently pressed regret over the death of Aunt Pally Mave, who had taken mitch interest In thom duriug her life, Heading inthe papers of a ccie- brated spiritemedium who was stopping at Columbus, O., Mra. Curt and Mrs, Defrees went over to cohault the spirits, The’ medium ¢ toned the Indles nut w be frightened nt any di velopment that might nppear. Tao event took pince at midnight, in‘ the medium's roum. A wud was tnid on the head of Mrs. Carr, and n voloe was distinctly heurd through it trumpet, eniling her by tine, Te uttered plainiy the mines of inany ettizens of Lituyette, uid sent word to Sarah and Mary Care not to feel butty, asthe matter they bethered ubout would ail cote out right In the end. The communtention purported to be from Aunt Polly Mace, and hud inuch to say about friends In the wpirit-tand and on exrth, Enough was sald to lead to the commencement gf the sult now pending In the cunrt—the pie ea bom fied nt tho February terin, 1880, agk-, ng tht the former deerve be set aside, Tho platntlifs aver that tho decree was erroncous in that, Hirst, the complaint did not state faets aur- ficient to warrant such a deereo; and, second, siild Judgment was taken without any legal no- tee to tho plaintiffs of sald action. “In addition to the cammuntcations received by the ladles fn Columbus, in which Daniel Mace, Aunt Polly, and Edward Mace, evch bud) somes thivg to any, the letter purporting to be fram Ed Mace, received at the Opera-House two weeks iyo during seance given by Miss Anno Eva Fay, 18 clatmed by Mrs. Carr to have been tn- tended for her, ns she wont tu the exhibition In the expectation of getting some word from some member of tho fumily, allot whom dica iu tho fulth of Spiritualism. 4 The property Juvolyed in the suit consists of Lot W, Just north of tha Post-Ollice, containing: the ok! family homestead and tho rooms of tho. on z a «a M.C. Ass tl one acres Of Villunble lana (nt Longlois’ Reserve, near Springvale Cemetery; and u 160-ncre furm in Morrow County, Mint. FOR TWO CENTS. Intenso Rivalry in the Nowspaper Wictd—TCribulations of the ‘fele= graph? It was announced Inst night that this morning would find Chicago in possession of threo two- cent morning pupers, whereas, before it bad only been blessed with ong, It all came nbout in this way: ‘On Jan, 20 Me, W, 'T. Collins, the pring!pal stockholder and proprietor of tho Teteyraph, realizing that the paper was in un ex tremely unvertatn condition tnaneinlly, turned hig stock over to Mr, Norman C,; Perking, us trusteo, with the understunding that be waa to olthor organize a new company within aixty dasa or elgo turn the management of tho stock back into the hands of Mr, Colling. | It was tlso atipu- Jnted in the contract that if Mr. Perkins decided phd tho publlentton of the Telegraph he ive Mrs Cotlins forty-cight hours’ notice, Instead of doluz this, dir, Collins states, Mr, Verking suld tho gubseription-list of tho bPeckly Teleyraph to tho News Company, and Inst night eapped tho climax vy stuting that tho Veleygraph would not .be issued thia morning, but that tho Morning dlerald would be ope lished. hy on company of which — Mr, Colling kuew nothing, Ho bid tot received his forty cunt hours notice and be bad not been given $10,000 stock In the now company, a4 per another stipulution in the trustee eoutnict. Mr. Coiling did not know of tho dicrald businoss u tl yesterday afternoon, when he found that t! compositors, reporters,und In fact, nearly ev thing bolonging to the Zeegraph had been carted: to the floor above,—tho ollice of the Herald, Mr. Perkins, had even lugged olf the stervotyped “nds” and distributed the standing "nds." Mr. Collins skirmighed about and suceveded fn rale- ing nine composttors und siufd that with these he would issue the felegraph this morning, Mr. Vorking woukt not state who tho stock- holdors of tho Heri Conipany wore, He dented haying sold tho subseription-list of tho Weekly Leena and sald he offcred Inst night to help Mr, Cofling tolssue the Telegraph. It iy anid that Urudner, Smith & Co, took 85,000 worth of stock in tha Herat to pay in paper, and that Judge Skinner tool $5,000 worth of stock In the Herald, pxetiged that 10 Sunday edition should be fsaucd. As to tho third two-cent morglug dally, it ia to be the Netes, 4 woven-coluinn folle sheet. Heully it joaimpty, amorning edition of the Hreniiy Nees, which will seit for two cents, wthongh Velng nothing moro than the Nest of the four dully editions of tho News, Tho scheme of issu- fuga morning News has been contemplated for xumo tine, but the matter bus probably been preolpitated by the prospect of the Jerald ap- pearing in tho fluid, a WAYLAID BY FOOTPADS. A young mat wlving the namo of Jutnes itz “werald made a somowhat elugtilar report to Of- Neer James Murray nt an carly hour yesterday: morning, He said that while on bis way from the corner of Hutsted and Hurrison streots to hfs brothor’s snioun, at the corner of Van Huren und Market streets, ho was followed by four unknown men, who attuoked hin on the Van Buren street vinduet, He resisted, and in the scuttle ony of his adsuilants drew 4 revolyer and Hired one shot, which struck him on the fore- wor of tho loft hand, and ranged upwarts inte the hand, The attuekinue party then mnde thelr eseape, Fitzgerald thon niude his way to Dr. Ciark’s office, where bis wound wis dressod, Ho ways be docs nut know his assaflunts, ATTEMPTED BURGLARIES, A band of young thieves mudo soveral at- tumpts to burglarize stores in tho Weet Madison Street poles district, but so far as leard froin succeeded tn yotting no plundor, At 3 o'clock Bergt. Post, when at the corncr of Lake und Nangamon streets, heard two shots, and up runming south to Washington atreet ageertatied that the gung had but shortly vofure broken pune Of glogs in tho windows of Shugart’s drupe store, No. 22 West Rundolph street, und the clerk who sleeps In the bevond story, upon see- ing them ubout tu enter the place, rated 4 wine low und fred two shots at thom without offect, —_——— GAS EXPLOSION, At4:20 yosturday afteriuon Matt Ellick, an olovator hand at Sojpp's browory, eturted into tho basement to tnd a leak in tho gas-plpe, and when be reached in apurtinent under the aldar walk the escaped gas cuutygt tire froin a lighted vundia whieh bo carried fy bls band, and ox- ploded with great violence. A portion of tho eldewutk and awindow wero plow out, and Hick bad bis baie and whiskers singed off, wi uh tho exposed parti Srorabed s -burtlona “af Bis” body: eltghtly PRECAUTIONS AGAINST SMALL-POX, Spectal Dispatch to The Chteago Tribune, Decatun, Ul. arch 2,—-Yosturday the Doca- tur Board of Kducation guve notico that no ebildren would be admitted to the publig school, bulldinga of the clty on Monduy, March 23, un leas they wore vacelnated in compliancs with the rules of tho Board, or could give other equally satisfactory wuarattes that they ary su- cured EULA AA thy amull-pox disease, No t euses of simall-pox have yet bee: thls nelgbborkood i ab epoca an ee WANT MORE PROTECTION, Speclut Dispaten to The Chicugo Tribune, Piyrsnuna, March 10.—A meeting of fran Mmanufucturora was held In tho Wostern Iron Assoclution rooms this afternvon in reference to tho tariff on tli-plate, It was decided to petition Congress to inoreaso the turitt, [tis hot now inuiutuctured fi this country, 1th Urged that tinplate by raised to threo ‘cents, which would enablu if ju the United utes Uae toe ieee ————__ We recommend Eldredge auwing-machines, You can suvo doctor billy und k faully ulwayy well with Hop Bitters, “°°? YOU" BIMETALISM AT 163 Henri Cernuschi's Argument in Favor of That Ratio. Its Alleged Necessity for All Europe and tho United States, The Only Ratto That is Practicable, Jost, and Universally Advantageous.” When Established, Silver at London Will Im- mediately Recover tts Old Par, ih POSITION TO Witteit st DUCED, - Panis, Fob, 8, 181.—The monometalists were hound to fail, thoy have titled. They succeeded, Indeed, In getting afl the gold-euining States to cense coining silver, but they struck ngainst an Impossibility when, persisting In thole enter- prise, they wanted rope to call-in and des monetize {ts old siivercoln, ‘That coin still clr enlates, and by miltiards. How could jt have been called-in and repaid with gold?) Who would have bought all thoge crowns multed down Into Ingota?, Who coutd have suputled -tha anid to pay for those Ingota? What could bave been done with those Ingots? Germany, who tind embraced with ardor the gold monometallist dovtrines; Germany, who had get herself to calling-in. the florins and tha- tera, and gelling thom at nny peice In ingots bee youd the frontier; Germany herself, rélecting on the colossal losses eke waa ubaut ta Inemr by continuing the Ingentons operation (ahy bad al- rendy lost a bundred million nurks), adapted th June, 187, a manly resolution. She proclalimed that she ronouuced carrying further the work of demonetization, No more cnilinga-tn, no more sules of silver, The old thaler, therefore, atlll cirenlutes: It clretutes nga forced curren- ey, and every Gerninn 1s bound te receive It tor tures gotd marks, Thus tho position of France and the position of Germnuny, though brought about by unlike cuuses, are now fdenter), Bath hero and there gold alone Js coined; but beth here and there f# # glut of old silver crowns. At the Imperial Bankjof Germany, ag at the Dank of France, the stock of metal is composed of one-third gold and two-thirda silver, But there fs metal nad metal, according as the jaw ndinits gold alone, or silver alone, ur both tomethor, to free and unliinited miotige. When once a wetal is not colnable ut pleasure, ail of te that exists as celn begomes debused. It clreu- Jates within the Stite which coined it, becuse it fs there forced currency, but it can be meited down only at n grent toss, aud It cun not be ox- ported for the purpose @f being transformed into mongy In nelghborlug States. The $00,000,000 of f-frany plecea which, withie the Latin Unto, ave legit tender to any amount for the nominal value of four billiards of francs, have ny rent value. Itis just as if they were nickel. All tho colned stiver of Germany, of {Holland of all Europe, and of the United Stites, is In the srine position, Round each State has risen up, during the Inst few yours, thanks tu the monu- motaltists, a wall of Chinn, ag it were, while Im- prisons the national sityer colnnge. Half tho Europea cnsh is thus shut up in compurtinents not communienting with cach other, Let it vace becume neeessary to export gold tn payment of wheat from beyond the seas, and the gold frunes, the gold marks, tho gold toring will al be ata premium as compared with tho sily francs, marks, and florins, The monetary chnos would be complete, Let the Governments now eolning gold, or only a fale number ot thasoGoverninunts, begin slimultancously coluing both metals, aud nt once, aa by a stroke of the wand, tho situadeo will becotne excellent, The four milllards tn 5-feane pieces, ut present reduced to the conditlon of puper roubles, will ugaln become four genuine aud veritable militards, Just ug if they were gold, Silver and gold, indifferently, witt be sent auross the sens to pay’ for the provisions sold us by Ameriea. rmuny may bo pald in silyer ffrane pleces, France may also be past in tholers; for German moncy inny bo mado out of allver 6-trane pieces and Frunch money out of thalers, ‘The stock of internattonal monuy with bedoubled, To x dearth of good money will succeed nbundance,—a certuis abundance aod curtain for ever. “Thego ideas Inve gained ground, and tn sov- eral quarters there 18 nn iden of a fresh Inter- national conference, for at length. siaing grand bimetallic compact between Europe und the United Stutes, Tho bimetullle compact will declare tat tho contracting States engage to vpen their mints to the free nid unlimited colnige of gold and allyor, AILaop Ela, tho saine ratlo between the weight of the yold monetary tunit and the welghet of tho silver monetary unt, Wont should that nitio be? It should bo 1) And we ary now tuking up the pen again, sole for the purpose of ‘showing that tho rato In, {a tho u1 ong that fa practicable, whieh {s Just, and which, dircetly or indirectly, Je advantage ous for wll parts of the world. iL MONETARY INVENTORY OF THE CONTINENT. It wos it 1785 that France became bimetallic nt 16%, and since thon her ratio of weight be- tween gold tioney and silver money has always been 1444; 15% uniter the duodecinil aystem. of livres, afterwards 1514 undor tho deeimal system of francs instituted ut the beginning of this eentury. Prior to 1784 tho French ratio waa 16. Why wne It abandoned (n ik and 16'4 adopted? To underatuna thls It fs neccasury to read the King's dechiration of tho Wth of October, 1765. hore then oxiated no monometuttisia, and the bl- mmetalile principles now dechired absurd i BO many economists were then comprehended by tho publte us well ng by statesmen. ‘The dechiration of 1735 lg in these terns: ratlo of the wold mure to the allver mare” (the inare wie the weight used in Prince und sevoral European States for welghing gold and silver), “the ratio of the gold mure to the allver mare, ati unnltered in’ our Kingdom” {the ratio 15), no longer arses with that which his, buen successively adopted in other countrics" (the ratio 1i¢), “ao that a spucula- Hon arixes of selling our gold coins to the fore vigner. prejudlee resulting therefrom to Yarluna Sends of commerce by tho wlrendy aen~ siule diminution of gold specle in our Kiigdorn dug rendered dt indispensible to ordithi tha new nnge" (nt 16}s), ne the anly mens of rom Hyde the evil by romoving the causa ot it. by this process the rehition of our gold coins to our silver colng is ruadjusted to the extent re quired by that whieh provatls among other ni tons, the Intorest In exporting thom will disu peur, the temptation to melt thom down will no. longor bo exelted by gain, nur Kingdom will no longer be Injured in tho exchange of metuta,” ete, ‘ such {9 tho history of tho Frouch 163. ‘This Azure bud nothing ‘vabalistic about {tin lish, tid It has nothing cibulletic in 181, France ndopted it only Geeduse it hud the utvantuge of acimalehes rouch bimetallic legislation with the bhinetalllc legislation of otbor mutions, . Holgtuar and Switzerland afterward adopted tho French bimetullic frane at Ih. daly, Spain, Greeco, and Houmanta have also udepted it, calning, under an analogous type, lire, poses tas, drachinns, eye; this mules “altogether 1 Huropean population of 88,000,000 with francs at 134%. Germany, which numbers ubout 43,009,000 Inbabltants, 18 itself provided with gold colin and wilver valn precively we 16%. Hy the force of things tho 15}; uppeared ju tue German Em- pire the very day when the demouctization of the ould aflver and th u twofold process yold hag to bo ebangé for the silver tobe in whatratlo? Tho turitt of oxchnunge had to ye, und was, fixed nt 1g. For durtig nearly a ventury throughout the entire work! tho wolght of yold bud ulways been worth 1; welghis of silver, aud this, thanks to the preponderat in influence of Fronch blmetallisia, whieh bad worked alneo 1785 at the ratio of 15%. Vulued th gold nt 1645, the thiter is worth ox- actly three inurks, It was therefore decroed Unat the exchunge of thalers should be mate on, tho footing of three gold marke. und (twas or- datned, ag was uatural, that uotl the complete culling-in the thater should be legal-tonder at the rute of three gold marks, But inoaidllng ty tho thalers for gold at tho tariff of 154, aud in thon selling thein as ingots ot the tulliug und always uncertain prices which necessarily get nas soon as French ble mnotaliism, by tho suspension of volning silver Trangs, ceased to operate, the Germun Govern: ment Incurred heavy loses, and it porcolved that to persist dn getting rid of silver would bo a ruinous folly, Bullicluntly edilled us to the yaluy of monometaitian, it muiutained ‘in ebrs culation, a8 we have already stated, ity thutors, which ure at 1543 fu relation to gold marks, And. ‘this ty how the 154 exists, In fuct, in France, Holland bid no wold a4 legul-tender; but, aee- ing that the co of silver was bout to be Burope, and that that metal vould no loner clrewlate botween one suite und another, sho vpencd her Mint to the free coln- ingot gold. Hut for chia, Holland would have i momentarily iselated from ull ber neigh bora, For rewiois needless to state here, gold coins Were assigned a weight which would place them towards the old silver tloring, which youd care wus tiken not to demgnotize, Ina ratio which ja uot quite 154, but does not sensibiy differ from it, the ratio 35.00, Auatria aud Russiu are under the papor- monoy system, but they bave fasued a duat of silver and a good deal of golt, Both coins are at 15.45 in Austria und at 1630 in Russta, - Exenpt Scandinavia and Portugal, wh sal vor ts only sinull change, every Stute podscstes bath gold and ullver cong ag the ratio It, or ut earls wo neur 15}6 a6 to be practicully dis same Hage Tosul: Several miliards in yotd and soveral millllards In silver, ull at 153, Bich fa the wore. ER Ik NOW Ith But in | ey material ot the Continont of Buropu: * Supposing now it wor deaicud tu’ substitute for this ratio 1546 0 ratio inoro favorable to gold —for inetance, 17, 18, or 10, what Inws would havo to bo enacted to effect that ehanye? mW, big FOR THE CONTI- NENT. Tho sliver 6-frano piece woighe 24 rama. Four of theso plecos 20 francs) welxh 100 Rrams, and this woight, divided by 15's, wives tho welght of the gold “i-frane plece—haxt grams, ‘Td any. that this ratio 1616 shail be nttered is to say that one or tho uthor,—the allyer 5-frane plece or tho Koll 20-franu plece,—shall undergo remodelling. Let us suppose f ded in principle that tho: rity 18 shall be substituted for the ratio 15%, fad let ty first remodel tho gold S0-frano piece, leaving untouched the silvor h-feane piece. This. could be effected in two ware Firal—By tgercelniy wet Increase in tho Jour yalue of thaplece, ft war worth 20 francs, let {t be worth 3 francs 22 centinies. a Sccond—liy decreeie a reduction ‘ii tho welght of the pleco. Let tho present pieces be withdrawn from clreulation, aod 2)-frano pieces he issued ut the reduction weleht of 6.555 FAME, " How fortinate tho possessora of the 20-frano pieces! By alegal stroke these pleces are do- elured worth 23 francs 2 centinies. They galn 1d NECESSITY OF THE percent. How fortundte tho possessors of tho s0-frune pleces! By alegal stroke the pieces: welghing 6432 grams are oxctuded from cits enlution: thoy will get them recolned in new pleces welvling 6.6% rrams, still worth 20 Trancs, bing will gain 16 por cent. They nee suredly would not compiuiiet this unexpected manni. of this golden shower thoy Lind never dreamed of; but whut will the bulders of the allver 6-ffane pleces say? ‘Thoy will oxeluim against thoumfuiriess, the injustice, the caprice of tho legislator, und thoy will bo quite right, The deeree ruleing fram 20 franes to 2b francs Peentimes the legal ville of the gold plvoo would acension no expense to the Stute, wherens tho ercatlon of the new 2-frane pigce of 6.634 volying the inciting dowd? of tho old Luded from circulution, would throw he expense of recolitny; bu td be such an extravagance to coln ploces on whieh people would read * Fr, 21.22," that the tn- novators themselyes would prefer resorting to r nredly would not fail to ins yoke nan precedent the recalnage of the fouls d'or eifectert in 1725. We lnve onrselyes cam- wonded what was done nt that thine, Why? He. cause the object of tho recolnage was, by rulse Ing from 15 to 15% tho Fre ratio, to burnin ize lt with the ratio of other mad Nothing of tho sort now; the new ratio sd ntord &: 8 nowhers, For a century no himetal 3 worked, olther in Europe or elsewhere, except thit of tho 15%. The recoinaye of 1iRs left a profit to tho hold- ersof tho off louis d'or, but that prot was allzbt, as slight aus the witerntion of 16 to 15!4, whereas the profit awarded to the holders of 20- {rine pieces would be enormous, as enormous ng the nlteration of $6'y to 1B. Wo besun by rémodeling the gold 2+ france plece, leaving” untouched the silver 6-frang plece. We will now reverse tho provess; we will renodel the sliver b-frane piece, leavlug ute tonched the gold 2frane plece. This, agai, could be effected in two wayes 1, By deerceing p reduction in the teal valine of the piece, Let (tno tonzer be worth 5 Cranes, Jet It be worth 4 francs 30 centimes, Hy nie vn inercase in the welght of tha vie Te dtd welgh 25 gramay let n new piece be colned weighiag 29, Wolehever course fs adopted the State would tose 14 per cent, and as there exists nearly threo millinvas in $-frane pieces beuring tho nN stun, tho Joss would amount to nearly 420 muilltons. M. Michel Chevalicr maintained that tho Goy- ernment, in excluding from circulation imnde by Itself, haga right not to reimburse f Let the Mrenen Government, he sul. cl from cirentation ail the f-frane pleces, jossusaing thom will bye to sell thom ns mouth, Their loxs will be honvy, but so much the worse for thom, (evue des Deus Mondes of tho tet of April, 1876.) {wag tho leader of tho monometallista who talled tn this fushion, Notwithstanding this the German Goverament, on undertaklig tha de- monctization of the silver pieces colned in Ger- many. declared thnt they snould alt bo reine bursed tn gotd at the turf of, 1545, and tet it would fteelf undertuke ull the risks of the de- monetization. 5 France woukt not get with lasa equtty. As soon 1g tho present 6-frane piece wns no longer loyul-tender, excopt-for 4 Francs 2 centimes, the Government wowtll invite wl holders of, them (there exista nearly 60),00,0K) pieces of French colmige) to came ‘and reeelve WW centines on each meee L033 to tho stute, nenrly 42y,00),000, tis wo sald. : Hut the ridiculousness of coluing pieces of the lemal viluo ot 4 frances 0 gentiiaes would deter tho mnoyatora. Tho would rather obtaln the ratio IS by issuing new f-franc pieces welghing 20 xrams instead of 25, ‘This oper tion would enue neither prot nor luss to tho owners of tho old plee The Government would Invite thom to come and exchange ple ment thofr own crowns of 25 grams for crowns of 2), ‘The loas to the Stute would still amount to nearly 42,000,000., ie Lotus quit Veanco and repnir to all tho 1g countries,—to Garmany,: Italy, Uollaad, Bet+ giuin, Spulne Austelas Musain, There, too, the ratlo 18 could iad bey Intyyaducad wituout oh tug tho value. tither of thee gol, op tue silver pleces, or witightreaoining either the gold or tho silver yiteos. ‘here, aldo, tha fnnovntors themselves Sroutdyasect thovtiratjuf thaya mens: ures, thoymyoutd ideptythe -suund,—reculniye, Thorecotnnge of yold? Everywhere it would give tho present-pleces u higher value of 16 per cent, which would, 2s by caprice, enrich by so tnuch those happcntug at tho dite of tho opern- tion to possess gold. The recoinaze of silvor? Everywhere It would give tho present pieces a lower value of 14 percent, w reduction for which the Governments would be bound to in demnify all tho holders of silver pleves; no variation, the Ramo futalities, ns Is seen, would befall tho entire Continent of Europe if the Oty was Lunipored with. Franco and Germany are the two exctusively motullle-mouoy great Powers of the Continent, If an ngreoment was not ctlected botween thasy two Powers, no bimetallic treaty would be con- cided, Now, would anyone venture to sk Germany to recoin alt tho wold coins she hus only just manufactured? Germany would re- fuse. Would anyone venture to ask France to recol hor sliver,—tint {sto gay, to abotish tho Gtruno pleco of the even welght of twenty Ove grams, the fundiinental plese, that which conneets her monetary systein with her devimul systein of welghte aod meusures? Never would France consonts Tnovitublo conclusion: cithor staynation in the present altuution, 1 situation which nll tho world declares detestable; or udaption of an toe ternationut biinetallic compact, without recoine faye elther of gold or silyer—that {5 to say, on tho busla of the uth possidetia, nt 1643. Subversive, unjust, caprichons, ruinous, ims practicable, tho operation consisting in getting: rid of tho 15g the purpose of establishlig anothor rutio will not be proposed by uny of the Stites whose money te at 1h. Will it be proposed by thu United States or by England? Iv, MU { YOR THE UNITED det mi NECESSITY OF TIE Sra What happonad in the United States while the Ruropesn 15g was working fora bundred years without interruption and without chunze? Tt waa tn 1s that tho United Braces basi bocomne Indepentent, colued their tirst gold at wiver dollars. In whit ratlo? fasten of adapt- in 16's necopted by France in 18h, for the pire powa of conforming, tu the monctary laws of uther nations, the United States tok the ratio 15, the very one whieh. France bud just wbane dona, . ‘Tho ratio 18% confers on gokl, as compared with silver. iiegal value higher. thin thit) con- ferred on itby the ratio 1. The difference is nbout st per cents thi\t dl © i9 enough tn make the gold of countries whose Inw is at lh mixrute to countries whoay law Ii nt 1%. For this reason gold wlerated from Franeo prior to eh, and for this ronson yok! tilyrited trom the United Btates to Europe after Tus, Only ellver row.alned for the Amoricins. Fuce-ubout tn 1s. litho course of that year Congyess auollebed the ratio Vi, and adopted tho ratio 1, by ordurnug the colnaye of new doltirs atareduced welght, Tho heavy dollars had nilgrated, tho Hght ones shoul! not inigrate, What bappencd? The European 1543 conferriug on silver as compared. with gold ablaher value tun that conferred on it by the American 16, all tho aiiver migruted to Europe. Only gold ree imuued for the Americans, Atiliborn bad been the ratio 15 of 1703, stillborn was tho ratio 10 of 18H. = Notwithstanding tholr bimetaitla Inwa the United States were jn fact allver-mono-motuliic up to 18h) and gold. monometuliio afterwards, + So mattars stood in IN7d. Not a silver dolhiy tin the country. But the gold monometallisn fwney was then gu provalent that tho coining of sliver dollnrs was prohibited, thouh nobody bad over got any colned for nearly forty, years, ‘Tho rutio 1, to atilborn ratio of IKH, was thus dotlultly buried, But the monumetulile euthusingin dil not last long. A reaction swoon arose In tavor of sliver, nrenction au strong that the Howse of Repre: sentatives passed the bill introduced by Mr, Bland,—n bill whieh made the coluing of ‘ellver aa Treo us that of gold, and that wt tho rutlo of ISH, tho,ratlo Wi, Tho Sennte objected to this meusure, silver tnd Just been forbidden was justly convinced that tho a monetary ratio would have the elfee! all the European silver inte America and of diriving out the gold, Tho United stated would have v second thie becomestiver monometallic. Yat, whily rojecting the establishment of a mon- ony ratlo between gold and silver, becuse ite elfect would hive been to open the Sstint to the unlimited colning of atlver, the Senate, deslrous of doing something for the partisans af ailver, andof convincing Europe of the bimetalliat tendencies of the American people, amended the Jiland bili se that, unlimited mintuya ro- patning forbidden, u consideravlo uunutity of silver dollira were to be, colned ada Govern went monopoly. Ja young tho ratio 10 tha House bad tixed tho wogbt of the sliver dollur at 412% grains, The mite, Whilu rejecting tho legal ratio, did not ob§uct ‘lo the ellver doflar-thus woighiog 16 gold dollurs, When the inintageof a imotul ia not unlimited the welght of tha plece made of that inetal fa quite dmupatorial, os juunatorial ag the sizeof the paper with which paper money ts mado, ‘The Bland bill, as amended by the Sonate, pro- vided that the Government “should monthly expend in purchases of silver at least two, aud atimost four, millitun dollars, The vllyer thus murchased wis to be converted Into dollurs. ‘hy House ugreed to the Sematorial amend- mente, and the Hland biU becaime.iaw in Feb- ruary, 1578, ‘. ‘The Governuient conunenced purchusing sil- ‘Tho Sonute know that the colning of Tarai, und it ver in Maroh, and continued uninterruptedly: without over expondiang muro than the minl+ mum—two nillions 2 month, Tho sliver ingot which, in tho timo of the 14%, had, in Bitrope.ns much right to mintuge ne gold, nnd consequently mover lost Ita xed valuo as campared with gotd, tho silver inzot, now that the 161g wad under cellpec, was nothiitg but merchandise, and depreviuted merchandise. Consequently tho motalinonthly delivered to the Government for tho sun of $2,000,000, wir enough ty coln monthly asum of 83,100,000, moro: cor leas, necording to the Wuctnating price of the metal, Tho total of tho sliver dollars thus coined fs about 0,000,000. "This moncy fs unlit ited legal tenderconcurrently with tho $500,000,< 000 of sold (apecio and inguts) now posaessedl by tho Americans. Such lathe monetary history of tho Unitod nts, Freo and unlimited mintage has nove r been prueticed thoro slinultancously for both motnts, consequently no mito his over boen In operas tion, Who ‘eat iinnglne, thon, that America will cote and suy to. the 200,000,000 Huropeans who huve worked the 1S for acentury, and all whose existing Rpevio represents that ratlo, who van imaging that Amertea will como nnd ray to thom. “Give up your ratio, tuke the American ratio? Tho Ameorieun ratio! What isit? You bave no ratiy, you have nover had any. And it wus [mposaibte you should have had from the moment that the’ 1h, operited In the Old World. Ejther no ratio working in any country, which is the present ease, or tho unl- yereal domination of one sole ratio, whutever the ratios Inscribed in the Jaws of dliforont vountries, Tho European: late dominated in that way from b The ig ratio never allowed an: live In any country Yhat steed Europe wish the United Stites to do? Something which costs nothing, some- thing very simple and of very easy uxcoution— to exclude from circulation the 4f2%-erain dol- lnrsz to Issue, without Mmit of amount, a new dollar welzbing only Jhls gotl dollars, or 400 grain: in other words, to loave untouchod the 40) millions of gold and to transform. Into 821% millions tho #0 inililons of allver dollars coined by virtue of the [lati bill, ‘Phat trausforma- tun would ve effected by the owners of the dol- tars, who woul: get thom recolned Inte 40d-grain dolhirs. Tuoy would gain by this three cents per dollar, Thia ta wn Ineopventonee, but a bearable fuconventonve, for It atteets neomparatively une {miportunt sitins an faconvenience the inore berrable Inasmuch ns tho jprengury itself holds about two-thirds of the dollars to he recoined, and ns two-thirds of the profits accrulng from the recolnage would consequently devolye on. the Trensury itself. Tho profits ueerminyg to In- would not amount even to a million; 785 to. hor ratio it Js tnsigaliiean The rutiv 1352 [3 the only one which pults at tho time France and Germany. If the 15% [3 tated from, wn Agrecinent between the Euro. pewn Goveruments Is impossible, The United States farm a single Natlon; it is us easy for . them to choose the ratio 1544 ns nny other, ‘To alter tho 1544 Europe would “bo. forced to melt down milllards of gold or, milllurds of slt- ver. A golossal operation! ‘To carry out tho Mhta tho Americans would only bave to recuih the Bland batt dotiars, If Burope recoins her milliards of gold, she considerably Increases tno clrouluting monetary: thulers, fluring, ote.—a genoril If she recolny her iniBlivds of rae effect, therefore—1 yoneral fallin peices, The recomig of the Bhatd bil dollars adda only a small amount of dollura to tho rctant circulation, Prices do nut foel It, By recoining hee miliions of siver inte heavier pices, Europe would undergo great losses; by recolning her Be ras dotkivs inte 40-qratn dollura, tho United States would make a prot. What ts. the great Interest of the United States? Tho inte of their mines. Well, that fate is intholr own hands—slooy, if thoy re- fuse the li: brillant, If they necept It. iy retysing the 1g the Americans would bo the cansu of ne biinetullle trenty being signed. And then? Taen Buropo will persist in not cuinlug silver, No monetary outlet, therefore, for Ainerienn silver in tho Old World, Cantd that allver be used aS money ut home without crossing the Athantle? would require tho allowiny of unlimited colnne of silver dollars. Itwvould bo madness. ‘Phe Senite did not aurea to lth ea, It will never agree to ltas long as the colniuy of silver ty not shnultancously re- suined in Rurape, Will two tuillions monthly be still expended In Susie silver to inake Inte dollars without real value und which as money are Wnexportable? It would not take long ta be glutted with a bad money which woud drive out old, wold which along ia good money ns long as silver Is not re- habititnted, There lynn iden of Increasing the welyht of tho silver dotlir, nud it is apparently belteved that that increase of woluht micht Jniprove the valuo of tho moto A fallacyt As Jone as bis mnetuilisin does not work, o3 fong as Burope does not coln silver, the dollirs still Ineonyertibla ine to Europenn money will still be sold by weight Hike any merebundise, Just as tho pound of sugar. would not fotch a better prlee by the welyit uf tho Bugur-lout, betog. inerensed, so the ounce of silver woutd not feioh a better prico by tho welght of tho dotlar betuy fucrensad. Tho ox- perinent of this Increuse would speedily bo re- punted, and the great reaolution, the inevitable resolution, will ne last be tuken, that which Evropo bas had to) tuke—ubandonment of limited nlntage nfter having previously aban- doned unlimited mintage, ‘Tho Tronaunry will thon coase prying, and the entire silver from tho mines will have to bo sent by San Franclaco or London to Asia. There silver fs still unliinited legul-tendur. But what will the ounce of silver be worth in European or Amerienn money, thatis too say, in gold? It witt fail tremendously. What will thon be the proilts of the United States mines? A Let us now turn to tho bright side of tho pict- ure. Tho United States ageeRe the 1634, and bien tho bhnetullle treaty with Kurope. Atonce the Ce value of gold and silver is guaren: tead by the concert of nutions, Whatever tho productiveness of money mines, 400 grains of allver, or 25.8 grains of gokl willalike be a dol- lar in every band, in overy safe, in every coun- try. Nothing elsa is wanted for American Interosts to be fully sutished, NECESSITY OF THE 15}¢ FOI ENGLAND. Numerous have been tho currency lnws passed: siney 1870 fn Europe and America. “Toey are atl hostile to silver, und this ig what hug fed to the abolition of bimetallism. Butit tt is true that by dintort hostile laws bimetutiiam nt 15% bas been auolisbod, It ts equally true that during bs Ifetime, from to 17d, It datled all compete ton. Pte Vainly did the United States attempt to ostab~ Usb tho ritio 16, in 78 and 1 in IH. Vainly did Holland attempt, in 18H, to establish the radio 13.80. Vulnly did England attonipt, tn 1808, ta intraduce tho ratle 4,00 in india, Two ratlos, wo repent, ennmot work ‘slmultaneoasly on the face of tho xiobo, ‘The Ainericin 13 of 10S and tho Todlan 1.00 of 1801 hid to resolyo chemselves into sliver monoineutlisin. Phe Dureb 15.88 of 18d und tho Amovicun 1 of 1834 had to reaulvo themsefves Into gould monoimetaliians, eo entire universe the relutive value of yold and sliver wis 16}6 ns tong as the Freneh 15}¢ was in uperntion, but, if this waa tho cuse, tho rate of oxchunge hetituaa nit thio countries of the world must— whatover th angnony cd xed and permanent monetiry part Yes, certainly, Tho Indi rupee (allver) was ata ai with the pyund sterling (gold), ‘This par was js 103d per rupee, becuusg tho nue allver cone talned tna rupes welxha exuetly 1% times vs much as the pura gold contained in is lst Tho blinetullle par was ug fixed and perinan AX tho monomotallic par watch extyts between the pound aterling and gold ‘dollars, marks, aud franca, . ‘Tho rate of exchanae osolllntes rdund par in ony dreetion or another according ng tho drafts of one calmly oth inothor are few or tnany, Tho par botwepn tho dollar aid the paund sterling 14 4.410, becnlise there is as inch pure gold tn 4.640 doltiraas Ina potind sterling, and yot the rate of oxcninge is isually some conte above or bee fow the 4,816, ‘ho pur between the Enygllsb sovorcign aod the Austratiny soveralyn is 1 to 1, —1uiniely, identity, and yet at Molbaurie peopld give £10 sterling for Lod sterting on London, while In Londen with £100 thoy outain £12 on Melbourne. Mveryboiy knows that the rate of exchange should etfect a gaving wa compured with the cost ef frefeht and recoiniye, whtel would bave to be hnetrred if the creditor cunns try was pald by sending it metal. It follows thaw the rate of oxohunge can oscillate round tho inonetary pur only withlaa very Hmilted range, exuctly, known beforeband, ‘Thus onty did the par x ihe rupee ovclilute til! 187d round the par of te 104d. a ‘Tho pure motat contained {an ounce of silver welgheue 15% thucs a8 intich aa the pure metal contained tn 60 13-Mid gold. ‘This wos the par betweon gold and silver which Paris bimetallism Imposed on London. ‘That pur was nothing elsa thin the pur of tho rupee at tn lused. Yeas but sliver, not belng colnablo in England, could itself verve only as metallic remittunge, des- fined Tor counttlog having silver money, Now {costs more to doud invtal to ba ealned than bills to bo cashed tn colned metal. Honce the rate of ullyor was subject at London to ogulllas dons aiightly less fuvornbio than tho oscillations {in the rate of exchange, Inveraely, bills on. Jndla being sometimes searco in tha London market, India hud to be puld by sending tt totalput gold (that metal not being lout. tender in Tudiny, Gut allver, This sliver could pot be drawn trom the § el ib currency, whieh fa poll monomectuliics and if no packet briuge ing silver was in sight tho grent blinotullte ros: ervoir,France, bad to bo resorted to. fn thatcase: the English sent gold to Pris to be exchungud torasilyer on the footing ot 1514, of 15% plug a slight bonus clalmed by the bimotalllat French: wun from tho monometuiliat Englishman, for the service rendered. "This would cuuse a alight rive, abnormal as it were, in the price of the ounce of silver, But London was subject at other times to a glut of sliver ingots, and, if tho exchingy on indiu wera unfuyorable, there might bo nn induvcmeut to 6 allver to Paris 10 get gol, which vould be placed out at inter eatin England, wocreus silver, not being coina- ble, would yield no ditorest. Tho Buyitshman then pahi a silght bonus on wolds he guyve tho Frenehinau rather more thun 1435 of silver to procure lof gold, aud the rateot Indian e change was quoted at London a freetion lower, But those cuses wero extremely farv, und duce sulely to the inferiority of mounometallian us compared to bimetallism. Hud Enylund boen bergelf bimetallic, sue would nover have bad to pay any bowus over the pur ut 1555. q nyglish were so uccustomed tothe two are of 6) Tikléd for the ounce of allver and Is usa for the rupee, that they regarded them ua outuruland normal, ‘Tbey forgot that nv par of Value nuturally oxtyta botween any two aub- atances,—no inore between gold and sliver than between copper and Iead,—anu they did not por- celve Laat these purs were the eifect of & writ, ten Jaw,—tho French law at 154%, Ho {Ittlo con- sclous woro thoy of it that even now a numbor of English writers ontirely fgnoro it. ho Angio-tndinn oxchatge was almost al- ways favorabto to fndin rathoy than to Engtane fu Muoh so that, without coming In contradic: tlon with facts, books could be kept in rupocs reckoned at 2a or in pounds sterling reckoned nt 10 rupens. For manifold reasons, needless to untimerate here, the Indinn dreagury has every yeur to pay ne London £17,000,000- sterling. Tho ‘Treasury must procure this sum from the rupoes nucrtl ing from tnxation. For this purpose it sells over re at London bills on Bombay, Caleutta, and Madvas, At tho tlno of tho par dictated by tho 15%, bills from London on tndin for 17d tiilions of rupees suiliced to prosure tha 217,000,000 sterling, Nuw that tho pir has disuppeared (beenuse French bimetullism hus itseir disap- peared), who ean siy how many rupees aro ree quired to obtatn thesy 17 millions? For alx yenrsy the rupeo has seen many rates, but all very low, Atthia moment itis thor ipor cent below the old pur of Is 103¢d, and bas it not been as low as 21 por cent? The fall has itself no fixity, nstent af expending 10 millions of rupees a year to produce the £17,100,000 sterling, tha In- Man ‘Trensury bi ui] te expend on tho ave qure 105 millions, oF 23 millions extra. This mak in six years no cupitat of 150 milllons of rupees irrecovernbly lost, Loans are ixsued In order to rulee fower taxes and sell Cewer btll4. Tho louis rolleve the exchequer for tho thine, but thay more and more ugeravate tho state of tp Unances. The interest annually to be pald for wold Jonna fasned fu London will have the effect of Inerenging what ts called tho Tudinn Tribute, —that is to say, Uio sitin of £17,000 above mentioned, and which it costs so much tu obtain since tho tullin rates of exchange fnduced by the disappearance of the F h tits, ‘Tho clty prpers complain of tho Indian Ofiice, They allege that it does not know how to soll its bilson India to ndyantiuge., A strane com- plaiut! What become: en, Of tho law of sup- sply und dumuand? Tho Indian Ollleo ts ale supply lis; ‘it dues not depend on it to ereato tho demand. No artifice will avail. ‘Vo prevent tho fall in exchange, and to get rid of the fall whieh is cattalny go much auitering, the old par mast bo recovered: Ty per rupees, aud itenn be rus covered unly by putting again into operation Dinietallisny att ‘The tndian ‘Treasury will thon no longer expend but 170 tlitlons of ru- Dees to obtain the 217,000,000 sterling. The Dud~ ret WHHL thon no tanger include that terrible tein: loss on oxehunwe, 25 millions. (Loss on exebanye 1s 0 phrase which means loss produced by the disapperrance of the ald French pur at 194. Whata confession!) ‘Tho Indfau Treasuryis not the only sufferer, Qutextion the manufacturers aud morchunts of the United Kingdom, They munufacture, thoy buy, thoy export, but whit will the. rupeo be worth in Enylish money at the time sthoy sell? They do not know. - ‘Tho rlak they incur on tho yulue of the money to berecolved fs Intolerable, Couimerce becomes n game of ehance. Miunkind possessed n tiniversnt and pormrneny Binietatlie pur of oxchauge which made gold and silver asingio money, | ‘ho mlouometallists have conned ail this.” Nations ure now ree duced to the aenil-burbarous state ot having bi tween thom nolther une motal which fa coms ton money nor one par of exehango which amalrumites gold und asllver into 1 single money, a Lot England opon her eyes and abe will sco that Daniwolca' sword Is suspended over her,— suspended by a thrend which may sunp at any mowent. Itdopends on the Bland vil, tho Bland bill ts repent its operation 1s mere ly susponder,—two miltians of ounces of silver become every month diapusible in the United States; worse thin disposable, thoy will necess sarily by exported from Amerteninstend of thoir Deine converted, us ut presont, Into unexportne ble wollars. Do not bo lured by the hope that, falling a oul market, tho ¢xtrnetion of silver will be nbanduncd, No; gold wud silyor issue togetbor from aAtnerican inines. Production ja” bime- tulle, and the gold found fullices almost atono to cover tho expense of ining. Silver will be sold chenper, but the production will not be stopped, 5 De not trust, elthor, to the thoury of suppl: anu demund, and say that Asin, saturnted wit silver, will loge her power of nbsorption and re- fue tho new sit No; allyoer ds aniiinited Jegal tender in Asin, like guid tn Europe. When utter 14Gy, thy annul production of sold tripled and quadrupled, dit thatmetal stand walthig anywhere? Did not there ivods of Californin and Australian gold enter of Cull eight inte. cf; culation heedlessor the uw of aupnly. end cl nland, which bad nuthing todo with the matter, and without waiting fur the perinission of cc omista? Whoover possesses a quantity of tho metil which Is dechived monoy by law, loos not olfer or sefl It; sell je for what? for money? But Js not tho metal itselt money? The owner of thy metal yocs therefore straight to the Mint, nud the Mint {s never shut up; it colns Incog- suntly; Aturny duro, Tho mines issue yold money and sliver money; If Europe and tho United States ave forced “without fitermlssion toubsorb ull the gotd monoy, Asin is nap forced without Intermission to absorb all the allyer mony. Tho gnics of aliver effected by tho German Government ure not forgotton, ‘They made tho price of silver fail very. low, silver whose fixed valug ut 1513 was vo longer guaranteed by tho operttion of Dinetallizm. But, these sales have censed. “Tho monthly sale of 2,000,000 ounces— sates which will tuke pjgce us Boon as tho Bland DiI stops Wworking--wilFhever cense, What will thon be tno rate of tho Indian exchange? Tho situation, bad cnough now, will becoma terrible; and when it 1s considered that tho whole ovit would be remuved if England, at last recogulzing whit Freneh bimetalligen did for her, olfered ber band to othor metlons for the pure bose of instituting Internationn! bimotallism, cun it bo supposed that the English will parsist in thelr inonumetallisia? 4 The promulgation of tha bimetalltciaw would produce io visible etfect on the manetury elfen iution of Englund, ‘The bars or sliver would be taken to the Bank of Eugland, which would tine snedintely give bunk totes, Just ag it now does when bars of gold are taken to ft. Tho bank would keep tho Inots; very rarely’ would it end thom to tho Mint tule colned, The silver Ingots would be exported to Pp, what might bo owed In all pirte ot tho work “Nelthor by land nor sea are trelguts dearer for sums fn’ silver than for sumsin gold. And the former have the advantage of wolghlng iiftecn and a halt tines 4 muph, und of being thirty thes ne bulky us the futter—n twofold safeguard ugninat tholr bolng lost ur stolen, Nota gold sovereign would leave England unless the bauk hud no, more sliver myote Id [ts vaults, Binieialilsin ie necessary for England; and tho ratlo 15) buing a iecussity for the Continnt, it fs necussiry for England to adoptitatsy. Tho Lngllsh, moreover, buvo uo motive fur pre- ferring any othor ratio. EQUITY OF THE RATIO 1514, Money Is constituted by Inw. Numos: law. Numba: mouoy, w Good or bud, ail law 1s essentially arbitrary. Goll monometatiio Jaw ia ag arbitrury ns silver monometatic luw or ts bimetallia fuw. -Arbl- trary tho choice of tho metal, (f tho legislator fa mnononsetalll Arbitrary tho choles uf tho ratio between gold and silver, If tho legislator is bimetullio, Jn principle all ratios are equally good; tho ratio at 10, tho ratio nt 16, the ratio nt 2, would euch workwith tha same ciicacy autt tho same regularity, wore wny one uf thom ndopted by rent Stutes furnished wih iugple supplics of oe money. Why, then, prefer the ratio a Alt law fs arbitrary, but tho legislator should onnet us good Juws'as possible, Hero tho bedt haw fs that which will ix (he ratio at 1534, Why? Becuuse that ratio, ag inatters now stund, js the only practicuble one, a8 we have domonstrated, and becuuse ft fs the'only equitable one, us will iDreecntir be soon, Sliver has of htte been bought cheap, say tha opponents of the 15%, and it would tot bo Tab thoy add, that specutitors who bave procures liver at the ratioor Mand 1 should realizo a profitof Mand 3 por ‘cent by obtulning the restoration of the ratio 15%, Whorg, thon, tro these silver: ingots accumu- Inted by speculators? ‘no var of sliver iso metic remittunce which cannot be kept Jocked up, for it devours tho Interest, As soon, thorefore, as tho bars reach Burope. frou Ainerlea they ure apeudlly forwarded to Ashi, whore thoy tire moneys rupces in dndin, taals fu Chinn. So with tho new plastres which arrlvo trom Mexico; Europe sends them without delay to Canton, to Khangbul, to Yokohamu, whero thog uitngie with the old plastres In circulation, Tu short, thoy are oolthor ingots nor pihstres in (ho banks or with private individuals oltber at Londen of at Paris, Yet thoro uxists much vory old uncolned aitver silver plate, Apart front workumnship, how anuch hits thiy plato cost its ownors? ‘Two hunt dred franca por kilo, 0 10tha tie, tu tho French, aud (owlng to tho everywhere prevailing par ut 15%) UO 1-1) penco per ounce, 27-dths tlie, tothe English. If tho 15% tv not reverted to, JC uw ratio 16, 18,20 por cont less favorable ts established, tho value of thig plato would be correspondingly diminished, Pluto has been purchased because, white renouncing interest onthe capital expended, there was ucortality us Boon ns dedited of Fusovoring the capital In- not. * Theres was nothing todo bac to gut the spoons, tyrks, ote. colued, and the pricy the mie terial hud cost was regained, Bnglish, Germans, Atnericans, French, ail truatod to tha law of the 15%, every where obeyed. Would It not ho eruel, by the adoption of & rutio jess favorable toun tho 15!6, tu subtract one-sixth or one-titth fram the capital laid salde by tanutwerable fuimilica in the forin of plate, Enormous la the mags of coined sliver circus lating in Europe; iefrano pleces, thalers, Dutctr and Austian florins, roubles, posetus, ‘They aro the milliards which buve fasted from the mines atthe rate of Mtg since 1785, ut 1) broviously, whien hive always circulated, ond which—a cap> ital pojat—suiil elrculute at this rate of 1534, For Tt cannot be dented, tour fefrane pleces buve never ceased belug current for 2-trancs Nike the gold piece, and the thaler ta still curs rent ut ity parof 15%%, treo wold marks, You bebold econumisty suddenly say Melt down Bll thigg silver, Ie is mot worth 16%3, it ly worth unly an eighteenth or twentleth of ity weight in wold: let beater pleces bo coined." Germany, who, though Hetening to you, has already lust more than JW0,000,000 marks, Is to continue listens ing to you for the purpose of undergoing fresh losses.” And France, who hoa withstood every Ubtng, and baw been able ta keep: up the pur ba- tween the gold francs and tue silver frunca,— France, ou tho very duy of. tho resurrection of Ulmotallim, is to anathllate, withaue prulit, to anybody, 15,0, or any othor percentage of her silver money. Jt would be wores than a bluader, it would bo a crime. . aAn:t the wiitlurds of silver which are cireuiut- dug in bouudiess Asluy Did thyy not woutly lenyve Europe at the mite of pith gold, aud prior, to 17k at rates ati mora 15% us cumparod favornble to silver? Yet beenuse tho mono motaills derangement has for some yenrs ato. ished tho par of exchingo between Asin and Huropo, the ravages caused by that uholiting aro ty bo sanctioned, and Ranetioned Torevuel Reparation ia duo to thor 200,000,000 Hindant whont the disanpencanco of the 14 bng cost ag many caluuities, higher privo of all Bupopong artleles, Inerense of taxation. loan upon foun, Kopurntton is due to them, for, utter all, sew Enginned who, In 185, without consutthig hee subjoctod Indin to tho silver: " tom; it was Europe who, 10 18: proprio Uiat part of Intgs whiel Bliver a single monetary Rubstanod (electri; Te was England, it waa Europe, who threw fine dian monetary atfalra into this deplorndie state, Inia ts the innocent vletin. “What has heeq taken from hor must ho restored.—tho old pr of tho rupeo at with gold. or Ta, 104d, must be restored to her intact and specdliy, will be but Justice. il t All that exists everywhere In tho shapeol se ouritica In perpotulty, or having good many years to run, public funds, sures and tires of great compniies, hits been issued elther bofore Is7d or since. Now, all tho securitios prior to 187 wore Issued on the Talth of pore manent ratlo betweemyold and aliver—yiz,: the gid ratio, 1644. States having only allver money festted loans, with Interests and redemption, payable In gold pounds eteriing. ‘They took that engagement beeanse they know from long oxperlunee thut with 151¢ weights of silver the could always procure. one weluht ot. got Morcover, att tho accnritles stipulating allvers rupees in, tndia, Horing“in Austria—were tuker and pald for by tho pulblle, other in. ilven ese wold, at 16, WIth the certainty of tha rere nue’ to ecelved in allver being wort) nelthor moro nor Jess than” if it were It guld, dust ag in Francea bimetallic coun try, contracte were mide In frines withou distinguishing between gold and silver: Ko out: side France contracts were mrdo bere in quld there in silver, because tho Inw was gold-mono. inetallic here, allver-mongmetaliic there, but with the firm conylution Cit this came to the same Elna a it difst, Inasmuch ia bt. metallism ia readopted, to restore everything tq its old position, aud to render to enh exuerly and justly what ts dito: Suu crttque, that ts to say, tho ratio 15'g, which was the monetary asie of all those fsan 8 to Rvctrities crented since the dirappear ance of the 1554, ucithor issuers nor holders ent. culated on any pur betwoen gold wid silver, Weleomed will ussuredly be the return of the 35'§ by the holdurs of tho few securities payas ble in’stiver issued since 1873. But this 1s no rejudice to the hulders of securities payable ny gold, whether of old or recent creation. Whut ratlo, then, do thoy want, those who ro Jeot thu 1616? i . “ The value of silver,” thoy exclam, “ has di. mitiabed ns compared with gold. [tis not Just, therefore, to revlvo the ratio 16$¢; a ratio more favorable to gold. must be decreed, Tho quotation of the day should determine the t- ture ratio.” But the quotation of what day? Of at day in 187d. of day dn 1870, or 18817 ‘Phe quoe tavon has always been enanging. AQ truce tc sophism, Do you want tho international ratic to be dictated by tho quotation of tho day? Well, take tho quotation silver will have at “London tho Way of tho signing of the Jnternationat treaty. Tho bimejallists. anawer for ity tt will be 15/5. Hus not ‘the announcement that Italy. thought of resuming specie payments sulleed to do nway with two-thirds of the aylo of inetal over paper money? As soon as it fs known that the concert of the mueat Powera for the 1543 Is impanding, sliver willor ttself recover at Lon- don tho old quotation of 0 1u-I6d per ounce, which {8 the old par, which $3 tho old ity, debene Everybody, therufore, will be satisfied, even - those subtle or ajinple people who want to con- yort into a loxnl and international ratio tho quo- tation uf the diy, ALeNtL Cenyuscit, A PRINCELY DONATION. Amnsa_ Stone, of Cloveland, Giver ennu,ong to the Western Meserve Cole ee. i Spectat Dispatch to The Chicago Tribune, CLEVELAND, O., Murch 10.—A meoting of the Trustees of tho Westurn Resorve College was held to-duy, aud announccinent made that $110,400, the Bum necessary to purchuse forty aeres on Evelid avenue for the joint oceupaney of tha Western Reserte Coliego and tho Case School of Applied Sclences, hnd been raised. A letter of Amusa Stoney af Cleveland, donating %000,000 to tho College on conditions hereafter named, was recetved, Tho coniittons are as follows; ‘That the College be removed to Cloves Jand; that its namo bo changed to Adelbert Collezo of the Western Reserve Unl- versity; that buildings for ita .necom- modation* bo crected subject to the approval Of tho ‘donor; thut flve of the present’ sixteen Trustecs resign; that tho Boar! of Trustoes be Inereased to twenty-three, and tho remaining clovon be appdinted by the donog, hu donation wus necopted by tho ‘Trusices as ful isos nlrenay made, the conditions necepted, an the agrectnent tor removal to Clovoland made, Tho following members of the old Board of ‘Trustees thon resigned: Judge Rebuin Hitch: cock, Painavillo: the Rey. IL U. Huyden, New York City: Dr. J. Murmer, Judgo P, B. Conant Huvenna; WP, Turdy, Cleveland, Mr. Stone then nainod tho following persony ng now ‘Trus- tees: Jumes 4. Garileld, Mutherford It, Hayes, Jonit Hag. W. Boardman, tho ‘Rov. Charles Porry Calliug, W, H, Doan, Samuel_Andrews, 8, Willinmaon, Georgy H. Ely, W. H. Harris, and E. Huldon, alt of Cleveland, It is expected that another resignation from tho old Howrd of Trustees will be ‘received, and'T. P. Hardy, of this city, will bo reappointed to fill tao vucuncy. eg amen COOK'S IMPERIAL Received medul and diploma at Paris Ex- position, 1878; Aimertean Institute, New York, 1880, awarded the American Wine Company; St. Louls, silver medal and dl- plomn for purest and best champagne and still wines, equal to any linported wines, costing one-half less, The Famous Dwight Caso, The Court of Apnenls yesterday handed down a decision tn the famous Dwhelit lle Insurances case; there being seveii of them, ‘Lhe appeal made by the Insurance compa nles was dismissed with costs. It will be remembered that the Kquitajle Sify was the only company that paid: the cletn promptly; the others have been littguting, and thus far sful.—New York Trine Have been nnsue DEATHS, WORMSEi—Holla, infant child of David und Frida Wornisor, nyed tmonthn und If does, Funeral from No, 235, ‘Twouty-clghth-st., at? o'cluck pm MALEY—At Hyde Park, Sunday, Murch 20, 1351.01 garalysis, Solan, wire of Dantut Hay, Inthe sib your Of her axes Funeral tu-morrow nt 10 o'ctuck, from her lato r dence tn Myde Pa MeCORMACK—Tho funeral of Mra, Manet Cormack will “take pluco ut hor Inte resid Cologne-st,, March 2h at Um. ua, by ence Rosehill Comoiury, “Friends and Felatiyes are ie vited ta attond 2 BP Hmoklyn (N. ¥.) und Chotopalgn (I) papers ‘plensu copy, MAWKINS—Tho funoral of Mrs.Annio 8. Mawkins, pisipuuedon account of the wore will ‘go tw-oy, he dist inal. If cars cun run to Calvary Cemetery. WATEGAN—Mureh %, ut tho reeklonce of his pare ents, is Kant Horriaon-al., Of curebro-mpiiat meni: ills, Geonme W. Katoganehgud 1S yenrad montie und days, ineral from his lute tame ‘Tuesday at 10 o'clock ¥ cars to Culvary Cetus to St. Mury'a Church, the Otery, SWeitrooktyn (N. Ys) und Kenosia (Wi) papers Plense copy, BILYSON—On Sunday morning, Mave roaldgued, 43 South Bhutdon-st,, Geurgu Ge Rytieo uf funeral in taseday!a pagiorn, B27 Now York und Paiindulpiio papars please copys COBL—tho funeral uf Atrs, Carrla #. Cobb wit} tak 1 ‘Tuosiay, Murch 2, from to rusidunee Uf rid, Hs Huttertiold-wt ANDS—Surel 2, Ise Herbert Lake, med 1 cara £ uuoniths und I6Ways, son of arthur SM. and Wehr Funeral from tha rosldence of hla parenta, 610 West Conutress-nbs utd p.m, voeday, coe Spring 4111) und Bi, Louls papers please ny. DRENDEL—March 19, Malina Drondol, wito of J. Fs Drendel, ‘unurul frou tho residonce, £2 Bouth Franklin-st» ‘Tuoaday, March 2, at 1p, ut, by curriugus to Nt, Borie facu Cemotury. derek MUNRAY—At Loulsvillo, Ky. Maro 19, at L o'clock aoinor Bepnes duvaya ot tig kdnayse abort urray, ude W yours, Cathe of Men. Joba i Curiany BA Quinoy, IIL, witd wrdndtuttior oF 34H, BJ. Stout. reau. 1 Sunday afternvon, ‘March % at Clovor dund, O. HOUPH-The funeral of Afrs, H, 8, Hoops will leava hor Inte rexidunco Ati a, we by corrlaven to Churel of tha Holy Namo, and thenve by cars to Calvary. ANNOUNCEMEN?YS. v MIgCRLLANEOUS, ENNETY MENICAL COLLE Bias aunt Commencement exere hold ‘Tuosday: wypning, March x} « at histace iryeon, Jas1, at 89)" pei at Conteal Aftistgeliall, ‘Tho ‘idedical und Grul pubita invited, — i D* W. K. HARRISON, OF BENN. edical Colluga, will Jucture botare tho Wane iy Helusieal und Myyiunle Inatituty wb tbe Avienwin, this witumoun nt 4 gcluck, Buvjoct: © Pho Phystoloxy uf the Bocrotions.” rpg REY, FLA. HARDIN, OF ENGLE: woud, will cohducs the noun muoting to-dyy, mpl Y. AL GAL 3IVE AN ED well Hull, ‘Tekets Crow, FRUI ~PAYLOINA oleaant assorted ates eae ae halts its, Guritainiig choy rite holed jrape: Oranges. Bh att onary, ke. expe i Baa J iets of tia UB ft Et ————— TRouth Clarkent., Chicago, Bend £1, € #4 oF ® fue a sample (pia vox Uy Sxpross of che Lost Candis ty Anmuries, put up elu: auth iy Bare. Moturs ju wil ¢ ‘Addry GU: ABIL, Contectonor, eH lodisuusat, Culeado