The New York Herald Newspaper, September 20, 1873, Page 5

it Was not mated by the news from elsewhere an- uncing the demands upon various savings banks ig Of Insecurity was, or course, unwarranted, but other cities, Whe Panic in the Pulpit—Rev. T. De Witt Talmage on the Disaster and@ Its Lessons. ras At the usual weekly prayer meeting of the Brooklyn Tabernacle congregation last evening Mr. Talmage made the panic and its lessons the Budject of his lecture. The lecture room was flensely crowded, Mr. Talmage said:—Trinity church, standing at the head of Wall street, 1s a very good Illustration ofthe fact that the Church of God and the kingdom of Christ ought to oversee all worldly transactions @nd weigh them and regulate them and adjust them. This week has been one of great excite- ment in commercial circles. No intelligent Obris- ‘tian man has aright or any disposition to neglect the study of these occurrences, 1t was formerly expected that every twenty years there would be & commercial disaster, At those periodic distances Falsforidné dime. The Whole fand wad prostrated | ‘by commercial trial in 1817, then tn 1837, then in 1857, and by that rate of progress in financial dis- asters it might well have been expected that there should be no great commercial disaster until the year 1877. But the wheel of fortune has got turning now so rapidly, there are such large chances tn business, there are so many ‘temptations to extreme hazard, that we have come to have a financial disaster every autumn. It is ‘expected now just as Much as we expect the return of September or October or December, II it does not arise from one quarter then it arises from another. It 18 generally the case that the minister of Christ, coming to interpret Providence and to scrutinize the affairs of men, as at the close of these autumual misfortunes to choose some such text as this:—‘‘As the partridge Bitteth on eggs and hatcheth them not, so riches mot by fraud, @ man shali leave them in the midst of his days, and at the end he shall bea tool.” In almost all the cases it has been that the gold Senter corrupted until there is no lepth of coriuption beneath which they have’ reached, have caused great flnancial disasters, But it is different now. The lesson to be learned Yo-night ia far diferent irom that which we have earned in any other autumn or in the midst of any other commercial excitement I have ever known, The chief man connected with the defalcations of the past week 18 one of God’s picked men, ‘There are very few men lke him—men wio ve large worldly prosperity, but did wot allow that worldly prosperity to interfere with Christian devotion, Those of us who have lived in Philadelphia know something of the zeal of that man for Christ. His hands were open for every grand and gicrious.charity. I care not what cause appeated to him for Kye and help it found ey pathy and help, je had @ way o1 contributing to the cause of benevolence as if it were a positive joy for him to give. There are churches of Jesus Christ that have been maintained solely trom his pocket. In the village where he lived, near the city of Philaaelphia, he mammtained a@large Bible class, and in the piainest and most forceful terms presented Christ to those young men, and has accomplished @ work in Christian circles the vastness of which will never be esti- mated in this world, In the State of Unio, his na- tive State, he hada place set apart asa summer retreat for ministers of the Gospel who could Rot afford summer recreation in any other place, and year after year they clustered there from all @enominations of Christians, himself being an Episcopalian, but giving no preference to that Church or the men he sent out to that place to get rest. He said to a friend of mine, “You look pale; wa had better go out to Ohio to the Ministers’ Re- reat and get yourself built up.” “Well,” said my frend, “that would be very weil if I could get out there, bnt 1 really have not the means to go.’ “Weil,” he says, “then Pil pay your way.” friend roplied: “ Aiter I got there, I really would not have the means to come home.” He sa:d:—Then Pll pay your way back.” This is an illustration of the man’s Kindness and benevolence, perhaps not just the wing w mention on ordinary occasions; but when THE WORLD CRIES OUT against a man who loves God and serves Him, I like to cry outin his behalf. It is very easy to praise a man in the days of prosperity, when otuer men praise, but when those who ought to know better come down with severe con- demnation on the head of a man whose heart far excels in apne in kindness, in benevolence, in Joveliness, in all that constitutes Christian charac- ter, then I think it is time for those who apprect- ate such attributes of character to express their admiration. Now the lesson which comes to us to- wight 1s not the iesson which we draw from frand, from deception, from overreaching, from ex- travagance, from double dealing, irom maltreat- ment of men, from opposition to the cause of Christ—the lesson we learn to-night is that tne ‘wisest and the best men have uo security of earthly fortune, and tnat if men with such large acumen and such continuous experience, and such large reputation for integrity in business come to terri- bie disaster, what is the use of men of ordinary a eae and ordinary attainment expecting to build anything from out this treacherous and de- ceitfa, and changing world? If Jay Cooke could not do it, you and I cannot do it. The fact is that deeds, and bonds, and mortgages, and notes of hand, and indentures, aud government bonds and certificates of stock @re not security, whatever you may call them, “Riches take to themselves wings and fly away.’’ Men put their money in safety deposits, and ‘whey fing it has ali leaked out into the speculations of Wall street. Men of large busi- ness experience lay out plans for the accumulation of $10,000 and lose the last cent. Ob, this world ig a most uncertain portion. There is always at such ata time a lesson of Sympathy. if death come to a man’s household we pray he may be sustained in the trial. If some slander pursues him we pity him extremely and commend him to God in our prayers; but when o& man’s fortune fails we hound him out of respectable circles if we can, and there is not one Christian in a hundred that ever offers for such a man a prayer, and tia ii there is any class of persons in a com- munity who need the prayers of God's people and of upholding Christian Ympathy, it is the com- mercial men of this ithe Charch of God in Buch times have no ing band where will it come trom? The banks wiil not help him. ‘The mone- tary companies will not help him. The influence of public opinion will not belp him. If Christian men clustered together in their prayer meetings jhave no solace, what 18 to become of them? Do ou Wonder that so many of our business men, un- elped of the Christian Church in their times of trial, rush out in‘o dissipations or fall back into the madhouse—the world against them and tue burch against them THE CRASH IN PHILADELPHIA, General Withdrawal of Deposits=A Se- rious “Run” on the Fidelity Trust Company—Faliures of Several Houses. PHILADELPHIA, Sept. 19, 1873. In my telegram to the Hgewap last evening I said that @ rumor was afloat announcing the {ail- ‘are of the banking house of De Haven & Co., and 4m stating it I had every assurance of its truth from more than one party. They announce their temporary suspension in the following card :— ‘We regret to be compelled to anmounce to-day that, in consequence of @ great run upon us tor money, we are obliged to suspen jayment temporarily, We are Abubanthy able masa eem % South Third street. ‘They were the Philadelphia agents for placing the bonds of the Union Pacific Railroad Company, and have also been engaged in ‘other large enterprises, If the canard about their suspension had not been given currency, they would undoubtedly hsve been abie to weather the storm, and there Is now every as- surance that they will be able to make good their promise to meet all their labilities—dollar for dol- Jar. THE FRIGHTENED CROWDS. Tt is impossible for me to give you any idea of the intense excitement which is everywhere apparent in all business thoroughfares to-day. Yesterday, though the doors of the house of Jay Cooke & Co. ‘were barred at noon, the news of the great disaster failed to reach the ear of many persons until ‘towards evening, when it was entirely too late for ‘them to follow their inclination im reference to ‘withdrawing their deposits. This morning, and even up to a late bour of the day, Third street was a sea ol excited men, and every banking house in town has been subjected to a constant and constuntly in- creasing “run,” WITHDRAWING DEPOSITS, about the Fidelity Trust Company's buildings the crowd was immense,and a steady line of men passed in and out the broad and lofty eutrances. They besieged the cashier's desk in great num- bers; but us each check was rapidiy parsed in it ‘was with equal rapidity cashed. Although it was thd evident that the Fidelity was all right, a sarge percentage of the deposita being from the dle and poorer classes, the great excitement of the depositors could not be subdued, and hence the “run” has been kept up all day long. THE COMPANY SOUND. Browne, the President of the Fidelity Com- }, Says that the “run” cannot possibly affect he concern, for they have on hand sufficient sums to meet any demand that could possibly be made. He says that the failure of Jay Cooke & Uo., BE. W. Clark and De Haven & Co. has no bearing whatever in the Trust Company, because every dollar that has ever been placed in their hands was amply secured by good colla' The Fidelity, in order to prove to the public the groundiessness of their fears, departed irom their Tegular rnies concerning deposita which receive Jour pert cent interest, and have returned them to the depositors upon their aver application instead of subjecting them to give ‘a notice of ten ene before they could be drawn, as the rule re- quires, BXCITEMENT ON THE STREET. On Third street, which to a yery ialgt extent cor NEW YORK HERALD, SATURDAY, SEPTEMBER 20, 1873.—TRIPLE SHEET. nds ¢o our Wall, every banking house for- Block alter block seemed, te be the ‘scene of the @: demonstra' A report this morning that the house of George failed created re furor, aay } Sooner! had this been contradicte no e came another, by the Associated Brews, ora Fisk & Hatch, and upon Press, of the suspension of sesetting this news it really seemed as if security lodged nowhere. JAY COOKE & CO0.’S CARD. The house of Jay Cooke & Co. was aglow with light until after twelve o’ciock last night, and all the empley¢s were as busy as ants. The firm still assure their creditors that every penny of their cneigesice will be eee yt fats a card following Was issued to 0. usLLess with the frm:— = + - Ce To Our Derosrrors:— ? Some little time is required to ad. ast our accounts and to hear from our different offices, When a statement will be prepared showing the condition of our affairs, which will be forwarded to you throuzh the Post Office. Until then we Peg your kind indulgence, assuring you that every effort will be made to liquidate our entire in- debiedness with the least possible delay, JAY COOKE & CO. A member of the firm announces that the CAUSE OF THE SUSPENSION was owing to the Northern Pacific Railway. I re- produce lite own | — Our frm are the dnancial agents of the Northern Pa- cific Railroad Company. We piaced millions of its Bondson the markets, which met with a rapid sale. I often occurred, however, that the sale of the bonds Would insome'months materially falt off, and im order to avoid any delay in the prosecution of reat en- Jerprise—(or it ts unquestionably @ great one, that js to lo #0 much for the development of the revources of the Northwest—our firm made aavances to continue the Work,anticipating, what had ao often been real that ina or so the sales of the bonds would be we would be reimbursed. He also says that it is impossible to give the ex- tent of their advaoces until the accounts of the house are all made up, and that the work of making op the statement must be long and tedious because the books are in three houses, located in New York, Philadelphia and Washington, He denies that the firm of Jay Cooke & Co, ever engaged in either gold or stock speculation, and that the house neither can nor will violate the confidence of the people, bene every penny of its liabilities will be surely PB THE GENERAL EFFECT. It is right to say that none of the failures in this guly have to any dangerous extent atfected the banks; borrowers with proper securities find no atdicuity in securing all the cash they wish; but, on the Other hand, all stock and money brokers are exceedingly reluctant to make any advances upon draits, which at any other time would meet with re: discount, While the great fallin Penn- sylvania ‘ay stock forms no minor topic of popular conversation, SYMPATHY FOR THE GREAT PINANCIEB. The public sympathy which is extended towards the uniortunate house is very marked, and a late edition of an evening journal became simply the Mouthpiece of all business men when it says: “When we recall how noble Mr. Cooke’s charitl nave been; how be has systematically sought out worthy objects only in order to relieve their distreases; how worthily he has borne himself in prosperity and how well new in adversity; how public spirited he has been; with what unmeasured patel sary he wrought for the country in its dark da; and how honorably he has conducted the affairs of his house, the least the community can do is to give him, as 0! old, ite most earnest wishes that he may promptly retrieve his losses and stand again at the head of the financiers of America, His character is what it always has been. his reputation as unsullied, his wisdom and energy. unimpaired! Why, then, should Jay Cooke not re- trieve his old place in the monetary world? He deserves success, and itis seldom denied to such men. We believe the hope is general that it will not be denied to him.” Business men feel confident that the house will Tesume before the expiration of a month, Jay Oooke & Co. received a despatch from Lon- don this morning, declaring that their London house is solvent, and that tue feelingin London towards Jay Cooke, McCulloch & Co. is very friendly. It must be remembered that the liabil- ities of the London house, unlike those of the American branch, are not all due on demand, but at regular, well known dates, so that they know exactly how much money is needed each week, OTHER FAILURES, Scarcely an hour has passed in this momentous afternoon without the announcement of another fallure, and at this hour of the night the wreck is feartul to reflect upon. The announced inability of the most prominent and honorable banking house in the United States to meet its obligations alarmed all deposttors concerning the security of less important ones, and, as I stated before, the moment the banking houses opened every broker's ofiice was crowded and everrun with multitudes of excited, vehement and terror-stricken cred- itors, Hundreds demanded their money, but in too many instances were turned away unsatisfied. After the failure of J.P. & H, E. Yerkes came George H. North, No, 125 South Third street, Charles P. Bayard, No, 2233, Walnut street. oe P. Lieyd, Henry H, Douglass, No. 305 Walnut street. H. Heber Bull, No. 131 South Third street, T. C. Knight, No. 136 South Third street. Henry L. Fell & Brother, No, 306 Walnut street; and Gilbough, Bond & Co. The excitement peeling isexceedingly great; and, in the present turbulent spirit of the people, new runs will doubtless be made upon other houses conte nine. which there are rumors to- night, andit is feared that many must before nightfall to-morrow be lost in the utter wreck of those which have fallen to-day. THE EFFECT IN BALTIMORE, BaLtrMorg, Sept. 19, 1873, The Wall street panic had its effect in renewing and increasing the excitement of yesterday in the financial circles of Baltimore to-day. Business was nearly brought to a stand, and the offices of the leading brokers were crowded with anxious throngs, The general fecling, how- ever, was that no reason for serious apprehension exists, and that business here will not suffer ex- cept from the temporary delay. At many of the banks there were meetings of the directors held, and all continued to accommodate their cus- tomers. A SMALL FAILURE. Late this afternoon the failure of R. W. Cox & Co., a sma/l firm of stock brokers, was announced, but it elicited no general remark. THE EXCITEMENT IN TRENTON, NJ. ‘The financial crash has created some little ex- citement in Trenton, N. J. The bulletin boards at the telegraph offices were visited by a large crowd during yesterday, who, with eager and anxious faces, read with avidity despatches as fast as they were received, announcing the failures of the various banking drms. It ia rumored that the Trenton Piatt Company loses considerable on account of the tatlure of Jay Cooke & Co., and that Mr. Richard Stevens, of railroad notoriety, holds 1,000 shares in the Northern Pacific ‘oad. It is siege also, that several other Trenton speculators hold stock in tuat corporation. Allthe Trenton banks are be- Heved to be solvent, although itis said they have stopped discounting. THE PANIC IN H¢BOKEN. Another Blow to the Hoboken Savings Bank—A Hundred Thousand Deposited with Fisk & Hatch. Isolated as Hoboken seems to be from the bustle of the outside world, she has been made to feel some of the afilictions of the financial crisis of New York. When the Hoboken Savings Bank closed its doors, some weeks ago, with the most flattering assurances to depositors, they little dreamed that, from day to day, things would look more and more gloomy for them. Klenen’s delalcation grew from $30,000 to $112,000, so that every tntelligent man in Hoboken concluded that Kienen was not the man who stole all the money. Then the people expected to see a thorough re- organization of the Board of Directors; but, instead of this, the old Board continued to manage the bank and elected an ex-politician, Charles Clinton, to the presidency of the institu- tion, Alter the closing of the bank under Clin- ton’s administration $90,000 worth of United States bonds were sold, and the casn received s therefor was deposited in the bank of Fisk & Hatch, the deposit bear interest at the rate of six per cent per year. What induced the directors to part with Perfectly safe bonds for cash that was then put away without security the directors may yet explain, They say that one-half of one Ree cent was gained by the transaction. Now the heart-rent widows and impoverished laborers may whistie for their money tm case the firm of Fisk & Hatch is unable to meet its obligations. it has already been stated in this paper, on the authority of Sec- retary Sandford, that Messrs. Shippen, Stiastny & Huesman had determined to see that the deficit of $60,000 should be made up by persoual contribu- tions of the directors, nis statement turns out to be false. Un the contrary, an extremely insolent circular has been sent to all the mort- gagors of the bank, giving them to understand that the best way for them to steer clear of difficulty to subscribe liberally. The directors now mena the public by declaring that they will not reopen the bank unt t he deficit is made good (by the mort- gagors). Itis urged by many that the management of the Institution be made & subject,of investigation by the Grand Jury, espectaily as the directors persist in retaining and employing a few wire-pullers among them in whom the people have not the slightest confidence, THE EFFECT IN ALBANY. ALBANY, N. Y., Sept. 19, 1873, ‘The financial crash and consequent panic cause great anxiety here. One of our leading bankers suggests, as @ means of stopping the panic, that the Secretary of the Treasury should at once offer to buy, in open market, all the government bonds which might be offered to him ata price, in currency, equal to their price in gold and ac- crued interest, and pay for them out of the reserved $44,000,000 of legal tenders he has in hand, with the claimed right to issue them to meet emergencies. As there is no suspension of specie payment possible to stop a panic, as in 1857, the next best thing to remedy an overstrained condi- tion of monetary affairs is, in the judgment of this banker, to promptly relieve it by a issue of ad tonal gurrency, the government getting tts own bonds in subsi {vation and the people getting ad- ditional means for business purposes, THE ENGLISH MONEY MARKET. TELECRARS 10 TRE KEW YORK KERAL®, Effect ef the Financial News Reports from New York—Bullion from the Bank on Balance. Lonpon, Sept, 19-4:50 P, M. The financial reports in the afternoon papers indicate an uneasy feeling occasioned by the newa from New York. The close of the market, how- ever, finds confidence partially restored, and at this hour London’s financial condition is sound, There have been no failures, Jay Cooke’s, MeCuliech & Co,"s House in London, Lonvon, Sept, 19-9 P. M, The firm of Jay Cooke, McCulloch & Oo., in this city, have paid cash over their counter all day, notwithstanding the run on the house, THE ECLECTIC LIFE INSURANCE COMPANY. ALBANY, N. Y., Sept, 19, 1873. It having been reported that the securities of the New York Eclectic Insurance Company have been withdrawn from the Insurance Department, the Deputy Superintendent of that department, Mr. Smyth, states that this is not the fact; but, on tho contrary, there are now on deposit in the depart- ment securities to the amount of $100,000, which @re available for the benelit of policy holders, ART MATTERS. Mr. J. F. Cropsey, who has been spending the summer at his country residence, in Warwick, Orange county, has just completed a picture, which may be seen at the office of Mr, Charles Day, No. 85 William street, {t will presently be sent to Lon- don, haying been painted for Mr, James McHenry, an English gentleman. The theme represented is the Ramapo Valley, on the line of the Erie Rail- way, between Sloatsburg and Southfields, The Ramapo River is seen winding down a narrow val- Jey and emerging in 4 cataract in the im- Mediate foreground. ‘the mountaing rising upon both sides are covered with many varieties of forest trees, gorgeous with the trans- figurations of autumn. Even trifies irom Mr, Cropsey’s hand (on the few occasions when trifles leave it) possess permanent interest, and the present picture, which can be seen lor only a day or two longer, is one upon which time and thought have been worthily bestowed. Marshall T. Wood, the celebrated sculptor, ts in town, en route for Europe. He sails next Wednes- day. Professor Cromwell Fe feed his fine art entertain- ment at Association Hall on Monday evening, and continues it every night during the week and on Saturday afternoon, AN ATTEMPTED BANK ROBBERY, The Would-be Robbers Pillage Houses and Wagons and Escape With Their Booty. Early yesterday morning, about an hour after midnight, while the peacefal and well-disposed citizens of Frenchtown, N. J., were reposing in their quiet domictles, a bold and daring attempt was made to rob the National Bank of that town. Five marauders effected an entrance into the build- ing and were about to proceed with their nefarious undertaking when their presence was discovered by the cashier, Mr, W. 8. Stover, whose residence ig attached tothe bank. A precipitate stampede then took place before Mr. Stover had any opportunity to give an alarm or recognize any Of the villains, The jatter secing that their plans were frustrated by the vigilance of the bank oilicial turned their attention to other property in the town, and succeeded in making away with three horses and wagons, two of which belonged to pri- vate citizens, and one to a livery stable. They lost no time in taking their departure from tie scene of their depredations and fied to pers unknown at present. They leit no traces hind them whereby any clew could be had as to their identity. As soon as daylight set in the news of their hostile visit was circulated throughout the adjacent towns and villages. Frenchtown is in Hunterdon county, on the line of the Belvedere Raiiroad, The Trenton ae are on the alert, and it is to be hoped the ive desperadoes will soon be captured, THE ARMY OF THE OUMBERLAND. Bangquct to the “Old Soldiers”—Pres: dent Grant and His Scions Present. PITTSBURG, Pa., Sept. 19, 1873. A closing banquet given in honor of the Army of the Cumberland last night proved a brilliant affair. Lieutenant General Sheridan presided. President Grant on entering the room was received witha periect ovation. He remained the guest of the society during the evening. Among the distin- guished persons preseut were Generals Sher- man, McDowell, Hooker and other army officers. Lieutenant Oslonel Frederick Grant and U. 8 Grant, Jr, were present, There was large attendance of the a members oi the socicty and citizens of vidi General Sheridan announced the toasts as fol- lows:—‘The President of the United states,” re- sponded to by Hon. R. H. Crochrane; ‘Ihe Army and Navy,” responded to by General Fullerton; “Our Sister Armies of the East and West,” to which General Sherman responded, The other toasts, including ‘‘The Memory of General Thomas,” “Our Fallen Comrades,” “The Judictary,” “The Press,’ “The Campaign of the Cumberland,” and “Woman,” were announced and appropriately re- sponded to. A NEW IRON COAST STEAMER A Remarkable Trip To Be Essayed. The new iron steamer of the Pacific Mail Steam- ship Company’s line, the ‘‘Coloma,” has just been completed and is now lying in a dock on the East River. She is one of the first vesseis of her class ever built for American waters, and has been alreas visited by many prominent persons di us of inspectin; er elab- orate ae up. Her first trip, on which she will about the 25th inst., going all the way by steam, will be to San Francisco by way of the Straite of Magellan, which 18 @ route now very rarely taken by large steam vessels, and it is pré- sumed that the long piesage Will be made in sixty Mr. George D. Sutton, of No. 123 Front street, her /reighting agent, is to accompany her On thé voyage, as well as other omcials connected with the company who are her owners, DELAYED PAYMENT OF THE soHOOL TEACHERS, A statement is current that delay has been Occasioned in the payment of tne salartes of tho teachers of the public schools, who are usually paid on the 16th of each month, The facts are that the pay rolls have been presented to the Department of nce in @ very irreguiar manner. Instead of being sent in altogether a week betore that date to enabie examination and audit to be made iu due time, tliey were forwarded from the Boara of Edu- cation in lots of ten or twelve each day, running from the 12th inst., antil yes’ jay, the 19th inst, when the last lot reached the Comptreller’s oftice. Thi the reason why all the teachers did not re- ceive their salaries on the 16th as usual. THE ASSESSMENTS, In the Board of Supervisors yesterday a resoln- tlon, offered by Mr. Koch, requesting the Commis- sioners of Taxes and Assessments to reduco the assessments for 1874 in individual cases Where Mr. McCafterty’s special committee found it excessive, ‘was adopted on a vote of yeas 13, nay L. COMPIROLLER'S RECEIPTS, Comptroller Green reports the following amounts paid yesterday into the Treasury:—From Bureau of Arrears—Arrears of taxes, assessments, water rents and interest, $5,212. Bureau of Collection Of Asseasments—Assessments for street opening improvements and int 489, Bureau of Clty Revenue—Market rents and fees, $81. Bureau of Water Registrar—Croton water rents and pen- alties, fg . Mayor's Second Marshal—License: 101, City Courte—Fees irom First District Civil oat $39: fees from Fifth District Civil Court, $32. ‘Total, $9,045. PATAL DEBRIOK OASUALTY, Patrick Benton, 4 single man, fifty-five years of age, died in the Ninety-ninth street Reception Hos Pital. He was (atally injured at Ninety-first street and Fourth avenue by a derrick falling on him on Wednesday last. le lived at Ninetieth strect and Lexington avenue. AN inquest will be held over the remains, CASARISM. Montgomery Blair on the Growth of Irresponsible Power. THE HERALD’S BUGLE OF ALARM. Parallel Between England Under Crom- well and the United States Under Grant. MONEY IS KING. Grant an Absolutist and Friend of the Money Lenders, WHAT RUINED THE DEMOCRACY How to Overthrow the Financial Oligarchy. GRANGERS VS. CAISARISM. WASHINGTON, Sept, 19, 1873, The discussion of Oxsarism, or imperialism, as the heavy thinkers are disposed to call it, promises more than an ephemeral existence. From what I have been able to gather among those independent of party trammels it is evident that the precipita, tion of the question is bound to shape permanent Political sentiment throughout the country by warning the people against the impending evil, “By seeking the opinions of eminent men, irre- spective of their party aMliations, and publishing them, the HERALD hasdone an immense deal o¢ good,” This was the remark of a veteran journal- ist, whose knowledge of matters and men about Washington is equal to that of any living writer, “While there has been no apparent concert of ac- tion,” he continued, *‘in getting the views of edl- tors, lawyers and merchants, itis significantly evi- dent that the HanaLp will eventually develop an irresistible force, harmonizing with the farmers’ and grangers’ infuence, and become the people’s organ in heralding the greatest movement of the age.” This season of the year 18 not favorable for interviewing in Washington. The nation’s Solons have other and more attractive homes or abiding places. Congress, the Supreme and Dis” trict Courts all adjourn over the summer and fall months, leaving the capital to the army of depart- mental clerks and petty office-holders, Just now the old residents who have been sojourning at watering places during the heated term are re- turing to the city. Among the recent arrivals was Montgomery Blair, whose mame, in connec. tion with the Blair family, is as well known as that of any public man. His residence in Pennsylvania avenue overlooks the grounds of the Executive Mansion, the War Department and commands a picturesque view of the Potomac, Finding the front door wide open your correspondent, who is not astranger in that house, made bold to enter, and was greeted by Mr, Blair in his office. When @ man shakes Washington dust from his feet and flies to the mountains for a summer retreat it may be considered bad taste to ask him if he has read the HsRaLp's editorials aud interviews on Cxsarism. Scanning Mr. Blair’s desk, covered with unanswered and unopened letters, my courage weakened just as I was ready to begin the inquisi- tion. DUTY FINALLY OVERCAME MODESTY, and, presenting the compliments of the HERALD to the ex-Postmaster General, | frankly announced that I had been directed to get his views on the subject of imperialism, the political situation and @ horoscope of the inture. I thought the day pecu- larly appropriate for the interview, as it was the anniversary of the adoption of the constitution, and if there is anything about which the Blair family can talk eloquently and endlessly it ts about that palia- dium of our liberties, the bulwark of free govern- ment—the ark of the nation’s safety. Mr. Blair said he had seen and read some of the interviews with prominent men reported by the HERALD cor- respondents, and was gratified to see the HERALD was endeavoring to attract public attention to THE GROWTH OF IRRESPONSIBLE POWER in this country, It did not matter by what name the usurpation was designated, the essential fact that political power was being withdrawn from the people and was now exercised without a sense of responsibility to the people, and in disregard of public sentiment and of the public welfare, ia manifest to all reflecting minds, With this encouragement there was no longer need for delay, and I began with the toliowing:— CoRRESPONDENT—Well, Mr. Blair, I should like to have your views of the situation? Mr. Buarz—I do not know that Ihave anything new tosay. The present aspect of public affairs is not new, andI have been a busy talker to the public for many years. I am, however, not dia- couraged. There t# much to deplore, and if 1 did not know from tue history of our race that re- action against the absolutist tendencies of the times would set in by and by I might fear imperial- ism. But constitutionabgovernment ts inherent in the English race, and though at periods, as in the struggle with the Stuarts and in the contest with slavery, both parties diaregard and sacnifice the liberties of the citizen, in the end Magna Charta reappears; honest public opinion reasserts itself, and @ government, responsible to the people is restored, CoBRESPONDENT—Is there any analogy between our recent and present controversies and THOSE BETWREN THE CAVALIERS AND ROUNDHRADS? Mr. BLain—There is. Both these contests origi- nated inthe assertion of irresponsible power—the Stuarts in virtue of the royal prerogative; the Southern politician in virtue of slavery, and by ap- plying it, to control the government, and was as tyrannical and proscriptive and bloody in the maintenance of its dynasty as the worst of the Stuarts, Any man who questioned its divine rignt to rule In the Slave States did so at the peril of his life, Washington, Jefferson, Madison and Jackson and all the illustrious statesmen of the South had denounced slavery as injurious tothe country. Bat under the new dispensation, when it had become the means of controlling the political power of the government, it became as sacred as a king’s title to his throne, and no man could question it with- out pefil. When finally, the Northern peopte, or- ganized through the republican party, overthrew this despotic oligarchy and dispossessed it of the government, it left its Northern allies in the lurch, declared for disunion and war, just as Charles when defeated before the people fed from the capital and appealed to arms to maintain his right to govern against their will. He lost his head for this treason. But the protectorate which followed proved to be 60 hateful a despotism that the people reverted to the Stuarts for a time. | Bat in the end they were again deposed and the people asserted their constitutional rights under @ new line, Here those who maintained absolutism through the e relation were de- posed from power and slavery abolished, but only to make the freedman in the hands of the con- queror the instrument of a yet more despotic gov- ernment. The plunderings of the war were a trifle compared with those made through the negro in the hands of his new mastors, used as part of the machinery of both the State and national govern- ments, The actual result of the war so far is that the slave power has been superseded by the mili- tary and money power which the war created; and it is a8 natural that Grant shonlid be the Executive of such @ power as that Cromwell should have held sway in England. And he will remain its Bxecu- tive while that power prevails, for he sults it and it suite him, He is BY TEMPERAMENT AND TRAINING AN ABSOLUTION, and hag always afillated with the money men Who, a8 & class, are of that creed, and never witn the poplictans, all of whom he distrusts and regards as magogues. And it ig the money class which controls entirely, Messrs, Sumner, Schurz and penne 8 the New York and Chicago Tribunes, Zar oS cna tation, menos and, ail contbined, did not control 9 single Geiegate, Nor were they defeated Grant’s pop ity. Never was ré ® public man for whom less enthusiasm is manifested, failure shows that no politictan on neuen ona oy power in the republican organization, Money, and money onty, rules, The fact that he is main- taining withoug force Spcnly exerted by bodies f soldiers fia Well was, is a dit oniyin appea: te et is Bone the actually enslaved now t Cromwell. Although we are not held down by Senate ef aatea toy tD eT wer in the hapds to execnte it, if need Ve, in ‘ld of otuey Ve Hf an bad, large rence effectual. We have the forms of freedom ji srvotedines called elec:ions, &c., &o, are jut these are but mockerics; for the elections are notoriously carried by the use of money and fraud, aided by tho negro vote, which is o: with military system, and whiob it was foreseen by Mr. Thaddeus Stevens, even without such organization, would inevitably ANTAGONIZE THE WHITE RACE, his avowed reason for giving the suftrage to them being that by their help afew mercenary whites wouid be able to keep the South Im subjection. CORRESPONDENT—YOu do not suppose that the parallel will be curried out im the recall of the dem- Ocrats to power ? Mr. BLaiR—No, Sectional jealousy intervenes to Freyens that. anisation is machinery, better suited to the times and att The democratic org: identitied by the people of the North with Southern supremacy, and while Seymour, Pendleton, Thur- man and Other leading demoorate are recogn! a8 men of talents, purity and patriotism, their identification in the democracy ‘while this n- ization was controlled by the slave caste, has lost them the contidence of the people of the North. The triumph of that organization the people of the North would regard as the triumph of the South, and the subjugation of the North again and the Joss of all the its of the war. This fixed idea of the Northern mind is the bulwark of the mon- opolists, There is just as much probability of an Irish party coming into the possesion of the ger: ernment of Great Britain aa of a Southern party or one regarded as Southern ever agnin coming into power here, As the starting pomt for our de- liverance, therefore, we must recognize the fact that the North is the governing power of this coun- try, acd we must rely wholiy upon appeals to the interests and passions of the North for overthrow- tog the corrupt and corrupting despotism of the vile money oligarchy which now holds sway over he polluting the very life springs of our institu» ions. CORRESPONDENT—Was not this reasoning the philosophy of the Greeley movement, which 1d 80. Bane last year? . BLAIR—It was. But the failure of that Movement does not prove that the reasoning upon Which it proceeded was not sound, any more than the failure to elect Fremont ome the Republican movement to be unwise. The same means were used to defeat Fremont which were used to defeat Greeley. Besides, I think, Mr, Greeley fatled to ress the real issue involved in the contest upon he country. His speeches were wondertul and made a great impression on the public mind; but Whilst he showed the corruption which pervaded the government, and the injustice of Southern distranchisement, &c., he did not tell the Northern People that they as well as the Southern people were [celery disfranchised; that their govern- ment was in fact held by the monopolies, the banks, railroads and other corporate predator: glasses, and that the corruption which pervade: the government and all political parties to a great extent was due to the gt, NOT OF GRANT, BUT OF THR MONBY KINGS who put Grant in power, and would keep him there for their own uses. If this truth had been de- veloped by Mr. Greeley’s genius, | believe he would have triumphed in the election. But he did not go to the root of the evil and point out the cause of that widespread demoralization which he Lear with guch power, end make himeelf not the champion of the rotten Tammany demoo- Tacy nurtured by the glave power, but of the downtrodden and oppressed ple of «ll sections, against he = bands = of plunderers, who as bankers, railroad companies nd other moneyed corporations were robbing them of their labor and of all power over their govera- meut, filling Congress, the Executive departments and even the Bench with their agents and attor- neys, for Messrs. Strong and Bradiey were the at- torneys of railroad compantes, whose interests were affected by the legal tender discussion, and were put on the bench by their clients for the pur- pose of revoking that decision. ‘The sentiment of Justice is a poweriul leverage with our peopie, and they were deoply moved by Mr, Greeley’s appeals to it; but a still more controlling power with them is thetr own interests, It was not sympathy for the slave which created the republican party. The old abolitionists who plied that string could never elect @ constable. It was not till the Southern politicians applied slavery to control the politics of the nation and made a series of Presidents by ita agency that the republican party came into boing as the antagonist, hot of slavery asa domeatic instl- tution, but of the slave power as the masters of the government, Now, the money power which the slave war has created in the North has stepped into the shoes of the slave power as the master of the government. If Mr. Greeley had fought against this money power as he fought against its prede- cessor, the Blave power, he would have conquered, because this came home to every man. ‘to win olitical battles the interestsof the masses must e reached, and there 1s no interest which more ef fectually rouses them than those which touch their power. Mark Twain did not care how py of his wife's relations were taken to the war. Nor will the people of the North be greatly concerned for the distresses of their own kinsmen of the South whilst they are made to believe that these dis- tresses aré necessary to maintain Northern power. But when they are made to see that they them- aclves also are the victims; that the negre and car- petbegger in combination with the money corpora- ions have dispossessed them as wellas the South- ern people of all real political power and are rob- bing them also, it becomesa much more serious grievance. If Mr. Greeley had pressed this aspect of the question with his marvellous genius, even Charlies O’Conor, littie as he knows of polttics, would have been able to see that Mr. Greeley in the last campaign did really represent the true in- terests of domocracy, and would not have ALLOWED THB BANK-HIBELINGS THE USB NAMB against the cause. CoRRESPONDENT—Did Mr. Greeley know that the. whole money power was banded against him in that campaign? Mr. BLAIR—The fact was notorious from the be- ginning to the close of it, and I learned immedi- ately alter the nomination, from a radical, whose name and information I communicated’ to Mr. Greeley, that they had, evon then, conceried meas- ures to defeat him by the lavish uge of money, CoRRESPODENT—Why, then, did Mr. Greeley fall to repel the war thus made upon him? Did he doubt the fact that the money power Was organized and had entered the fleid against him OF HIS Mr. BLAIR—Not at at He reco; d the in- formation to be authentic, but auld it would only make matters worse if he waged War upon the cor- orate power. General Jackson, he said, gould go it successfully, because he had’ possession of the Wereecitan and was @ military hero much en- eared to the people. It did not nced a prophet to foresee the ;result when the war was ail on one side, and when the real power that struck us down did not receive a blow in the contest. But the issue which Mr. Greeley faiied to make, the farmers of the West are now intent on making. At present it is, in form, only a War with the railroads, but ear eee erer of the money alliance which now holds the government, the rape of that al- ltance have taken the alarm. ‘The 7imes ana World and Nation, et id omne genus, see in it something even worse and more dangerous than Greeleyism, and they are not mistaken. It really means, I believe, that the people are preparing to make A DETERMINED EFFORT IN 1876 to reclaim their government, and have it conducted with honesty and justice to all interests, CORRESPONDENT—But is not the democratic or- ganization as much in the way of this new move- mentas the repablican? Mr. BLain—That is, indeed, the great obstacle; but itis not an invincible one, Mr, Weed and Mr. Seward and the other whig leaders were utterly opposed to merging that party in the republican movement in 1655 They controlied the old or- ganization, and were rightly distrustfal of their @bility tocontrol the new one. But the logic of events and the necessity of progress were, how- ever, stronger with the people than the wishes of leaders tounded on selfish calculations. When a pirty has been repeatediy defeated on aclass of from it and there is & consideravle secession ym the d party on new questions, it is the obvious Foquirement of policy and patriotism that the defeated party eh come to the eavpors of the seceders and give thom the lead in the a test, if their views accord on the new issue. Itis only in this way that the pew issue can be separated from the old and brought iairly before the people for decision. And for an old defeated part to insist on precedents and ask the seceders ‘0 fall into line behind them and allow them to make the new issue is the most stupid selfish- ness, Which defeats itself. The opponents of the democratic party, by adopting the logical and pro- gressive policy Of allying themselves with divisions Ol their adversaries, have repeatedly defeated that rty, a6 when the federalists merged with a por- ion of the democrate, called themselves national republicans and elected John incy Adams. ain they merged with another fragment of the democracy as whigs and elected Harrison in 1840 and Taylor in 1648; and, finally, they united with the free soil democrats, and as repu licans elected Linookn, and have now maintained a victorious or- ganigation for nearly sixteen years. Lagree with the Onio platform in asserting that democratic principles can never die; but it dues not follow that an organization called democratic may 8@ offend popular feeling by its action as to render it NECESSARY TO YORM A NEW ORGANIZATION, with new leaders, to maintain democratic princl- pies, As federalists and allies of the British in the war of 1812 and arameciae of the ex) jon of our limits and institutions, the present dominant arty could never have been restored to power. jut a8 Opponents of the slave poms over t! ve ernment and of the dissolution of the Union and allies of the free soil democracy they hei it it for three terms. As abettors of the Wer and supporters of Mr. Buohapat, whilé declaring it was unl mr e et disunion, the demo- craic organtzbl Gn Ia (0 Lig TA? cal ut the democratic masses, a8 end other productive interests now rising to realat 5 the predatory classes ana wrest tne government from them, ean easily come into power again. And they have failed to make this union so far ey eee of those who became 1ead- ers dor! very régime hav domooratis instines to impel them ON caste still holds by such alliance h the corporate power apd by the use of money. b men are not easily pe fod to join in a raid against the domination of the money power, and would-do 80 with an ill iw. The Tammany ring, unfortunately, is not the only iliastration of th power of money in the democratic organizatioi under the po-slavery régime, nor has the downfail f that ring purged the o1 mn of this per- miciond Shinty There pont be nae more ener? ancient spirit o: the democracy than th: THE AGENT OP THE ROTHSCHILDS was for a series of terms placed a¢ the head of the organization. I entertam for Mr. Belmont, as a Private gentleman, the greatest respect, as I did, Also, for Mr, Nicholas Biddle; but it will not be retended that he had sy ippieentions for the ead of the party which Jefferson organized and Jackson led to fight the money er, On the contrary, it was simply because he controlled large Wealth and was liberal in dis} tg it that be was made Chairman, Nor did Mr. Betmont’s resig- Dation change the spirit of the organization. ‘The Contest for the succession lay between Mr. Augus- tus Schell, the associate and friend af Mr. Vander- bilt tm hig great railroad interests, and Mr. McCore ‘mick, the evens (i (sd reaping machine, also a an eral man. Mr. Scheil was chosen on the eaiculation that he would contribute money freely in the campaign, and that the great railroad interesta hich he was connected ht in aki of our cause. Mr. Schell, I have no dou! aH and more than his friends promised for him. He is a most generous and whole-souled gentleman, and so are many ry the ha alti. ese are not the men &ud the use of their money ia not the mode to carry on. yar pgainst the money It was mot among bankers and ratiroad kings that Old Hickory found leaders in bis fight against the Jioney power, nor he have need of their money, Suc peerit obviously makea the contest turn on the expenditure of money, go that {28 LAGROR, FURIR: CARRIEG THE DAY. What chance could the an nists of the monopo- its have in @ contest ? When would the slave power have be eo if the leader- suip in the anti-slavery been given to slaveholderst CoRRESPO! NDENT—What do you think the chances are for the democracy this fail? Mr. BLauk—Thia is the off year, and hence the money kings have nut muoh reason for heavy ex- Penditures, and, therelore, the democracy may achieve sore successes, It ta, I think, their policy to allow tiem some local successes to keep the democratic organization alive, as they have reason %o believe they can always beat that organization when the real contest comes on. Still, I doubt whether they will carry any State lost last year, birdie Virginia, and that could not properly be called @ success of the democratic organization. Tne airogee there is by the ple of the State to keep their property, from coniiecated by the carpet-baggers and negroes, as has been the case wherever in the South the radicals have got hold of the government. CORRESPONDENT—You @0 not seem to think tho President’s personal character and conduct exert much Influence on the course of public affairs. Mr. BLAIR—No, sir. While I have great respect for his force of character, I belteve the situation would have been much the eame if he had never lived. Demosthenes told the Athenians their im- | decility would make another Philip, if Philip were dead; and some other general would have played the rbve of Cromwell or of Grent in the Puritan and slave conflicts if these men had never lived. It Was because the conflict of o; periods became conflicts of force thas tents which Cromwell exercised in his day and Grant in ours became | lien of force, and not by reason of anything tn the characters of es men. That they were called to snch power @ demonstration of their ability; and in nothin; does Grant show it more than in the skill witl which he disguises the material force upon which bage his power rests, Thus the money and negro organizations work his machinery for the most part, and it is only when this proves insufficient as it did in Louisiana last. year, that he appited force, and then you remember how cunningly he covered his mailed hand with the judicial ermine, This ended the task, but not the conversation. Mr. Blair spoke freely of his former relations with the republican Rares bis inmate acquaintance with President Lincoln, the members of his Cabinet and General Grant, His views above expressed were deliberately dictated, convincing me that the elder of the Blair brothers has no {dea of relinquist- ing his interest in our political prosperity. GRAND LODGE OF ODD FELLOWS. + Debate en the “Sunday Law”—The Sab- batarians Carry the Day. Battrmorg, Md., Sept. 19, 1873, On reassembling this morning the Grand Lodge of the 1. 0. 0. F. of the United States resumed the consideration of the “Sunday law,” so called, on which there was @ general debate, the represen- tatives from New York, Pennsylvania and Califor- nia taking active part in the discuesion. In 1870 the Grand Lodge passed @ resolution, since known as the “Sunday law,” which provides that no lodge, encampment or degree lodge siia!l old any meeting for work or business on Sunday exvept- ing for funeral purposes, At each annual meeting of the Grand Lodge a proposition to repeal this resolution has been introduced. At the present session Representative Estee, of California, under instruction from the Grand Lodge of that State, introduced a resojution repealing the Sunday law, and leaving to the several State grand bodies, under the Surtedicuon of this Grand Lodge, the Tee ees thereof. Mr, Foal legel ie was referred to minittee. which sup= mitted a mortey tad ity report. The former was made cc oone Carey, chairman of the committee, and eight other members. It was to the effect that no further legislation on the subject is Recessary or proper at this time. The minority, report, made epree menabers of the committee— viz, Be J. iiton, of New York; J. F. Hart- shorn, of New Mampsbire, and Martin Whito, of Nevada—was accompanied with a resolution that the resolution of 1870 be repealed. These reports being under consideration this morning, Repre- sentative Greenleaf, of Massachusetts, offered an amendment to the effect that the entire subject ot jodges and encampments meeting on the Sabbath day ter other than funeral purposes be confided to local jurisdictions for determination. After an animated discussion the amendment was lost by vote of 44 to 82 The majority report was subse- quently adopted, leaving the Sunday law as at Present, The Grand Lofige then went into secret Session and continued therein until the adjourn- ment, A LEGISLATIVE LOTTERY SWINDLE There was smuggled through the New Jersey Legislature last winter @ bill legaliging the Jersey City Lincoln Library Association, under which, as is now alleged, was organized @ lottery swindie of the worst kind. The law, although urged by Senator Taylor, of Essex, and other noted legisla. tors, and signed by Governor Parker, it appears, according to Judge Depue’s charge recently, to be pacuiniteniesee The dudge plainly tod the Grand Mies that the lature had no power to override the clause in the State constitution which declares any scheme by which money is to be dis- tributed by chance is a common nuisance and an indictaple offence. The police of Newark have ar. rested two men, 0. 8, Vowan, alias Thorne, of Halsey street; N. 8. of Riverside, and @ female copyist Cag terres appearance, named Carrie Ww alias Bipiey. She was let go on her own recognigance, and the two men bailed in §2,000 each for appearance before the Grand Jury, ‘thical firm namo of “Peters & Uo.” these parties, it is alleged, have been piling into their own coffers some $400 per from unsophisticated Jerseymen. ‘The passage approval of the law under which the oie scamps organized their schemes is considered a Moe commentary on the scandalous haste with which bills are rushed through the legislative and executive departments of the New Jersey government, WILLIAMSBURG POLIOY DEALERS, Captain Kaiser, of the Sixth precinct, Williams burg, with several oMicers of his command, yes- terday made a successful reid on the policy shops in his precinct, and succeeded in making the fol- lowing arrests :— In basement of a dwelling in Meserole street, near Graham avenue, William Lauer, writer for Shelter, and two female players. At No. 76 Leonard street, Henry Otto, proprie- tor, and four wretched looking white and colored players. At No. 22 Cook street, William Ward, proprietor, and three cvlored and one white player. ‘The books and slips found in each den were cdn- fiscated. The prisoners were taken before Justice Eames, who held the principals for examination, and the players were placed under bonds to appear t them. “lero Justice Foie Joseph McElory, who had arrested for & policy shop at No. 67 Kent ieee: waived examination aud gave bonds yore the Grand Jary. \otnere are, ver Jew of these nefarious dens now existing in Williamsburg, bat @ large number of rsons, Who make @ living out of the policy rane, ravel from place to piace daily, selling Slips to those who are silly enough to buy them, 4 SEAMAN KILLED. Coroner Kessler was yesterday called to hold an inquest on the body of Charles Petersen, a Swedish sailor, forty-two years of age, who was almost im tantly killed, at the foot of pler 43 North Raver, ° blece of machinery falling on him while he wa work, He lived at No. 309 West atraat,