The New York Herald Newspaper, September 27, 1873, Page 6

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6 NEW YORK HEALD STREET. BROADWAY AND ANN oh JAMES GORDON BENNETT, PROPRIETOR jo. 270 BROADWAY THEATRE, 728and 730 Broadway.—Orena Bourrx—La Puce pe MapAMe Ancor, Matinee at 13g. OLYMPIC THEATRE, Broadway, between Houston wand Bleecker sts.—ALapbim—Sinaa. Matinee at 2 THEATRE COMIQUE, No, 514 Broadway.—Vaniery Byrxuraixmunt. Matinee at 2 UNION UARE THEATRE, Union square, near @roadway.—Beiixs or mux Kitcuxn. Matinee at lig, NIBLO’S GARDEN, Broad’ and Mouston sts—Tux Brack Cnoox. yy. between Prince . Matinee at 13g. 4. GRAND OPERA HOUSE, Righth av. and Twenty-third pe ete OS Het seme ig ay ACADEMY OF MUSIC, 14th street and Irving place.— THELLO. Matinee at 134. 2 MRS. F. B, CONWAY'S BROOKLYN THEATRE.— @Macners. Matinee—As You Line Iz, }, WOOD'S MUSEUM, Broadway, corner Thirtieth et.— Across tux Continent. Afternoon and evening. (4, BOOTH’S THEATRE, Sixth av. and Twenty-third st— PRir Van Winxix. Matinee at 14. NEW LYCEUM THEATRE, Mth street and 6th av.— Norkk Damm Matinee at 2 METROPOLITAN THEATRE, 885 Broadway.—Vaniery NTERTAINMENT. Matinee at 2s BOWERY THEATRE, Bowery.—Contosiry—Littte Puxsamn. © WALLACK’S THEATRE, Broadway and Thirteenth .—Hanpy AnDY—Barwey Tux Baroy. Matinee. GERMANIA THEATRE, lth street and 8d avenue.— NSERK ALLURTES. BRYANT’S OPERA HOU a av—NeGRo MINsTRE: & TONY PASTOR'S OPERA HOUSE, No. 201 Bowery.— rantety ENTERTAINMENT. Matinee at 235. Twenty-third st., corner ac. ROBINSON HALL, Sixteenth street.—Tux Roar {primonzres, Matinee at 3 f 4 STEINWAY HALL, léth st., between 34 ay. and Irving jlage.—-PRestipigitaTion. Matinee at 2 HOOLEY’S OPERA HOUSE, Court street, Brooklyn.— 8 Francisco MINSTRELS. AMERICAN INSTITUTE FAIR, 34 4 64th g's. Afternoon and evening. av., between 63d NEW YORK MUSEUM OF ANATOMY, No. 618 Brond- ay,—SCIKNCE AND ART. DB. KAHN'S MUSEUM, No. 688 Broadway.—Scimnce er Ane. ‘TRIPLE SHEET. New York, Saturday, Sept. 27, 1873. AE NEWS OF YESTERDAY. tro-Day’s Contents of the Herald. GIGHTING THE SHIP OF FINANCE! BUSINESS MEN TAKING THE BEARINGS OF THE SITUATION AND ALTERING THE FINAN- CIAL CHART! A SPURT IN GOLD! THE EFFECT OF THE PANIC ON EXPORTS AND ON THE OUT-OF-TOWN BANKS—Eigura Page. WMERICAN SECURITIES DEPRESSED IN LON- DON! LAKGE SHIPMENTS OF GOLD TO NEW YURK—FATAL RAILWAY COLLISION IN ENGLAND—SEvENTH PGE. Pre PARALLELS OF PANICS! HOW THE PRESENT CRISIS COMPARES WITH FORMER ORASHES! $700,000,000 CUR- RENCY INSUFFICIENT! OUR NEEOS AND OPPORTUNITIES—THE GRANGERS AND THE CRASH—EiauTH Pace. @INANCIAL COMBINATION AND CONSERVATISM THE SAFEGUARDS OF THE PRESENT CRISIS! MOVING THE CROPS! SPECIE IMPORTS! STREET PRICES—JERSEY’S BANK SCARE—MURDEROUS JEHUS—Ninta Page. SIXTH ECUMENICAL COUNCIL OF PROTES- TANTISM! ITS LEADERS AND AIMS! WHERE THE DELEGATES WILL BE FROM! CHRISTIAN UNITY THE PROMISE OF THE GRAND OCTOBER CONCOURSE IN NEW YORK—Fourta PaGE. PEARFUL WORK ON THE MIDLAND RAILROAD! A PASSENGER TRAIN AND A FREIGHT TRAIN TELESCOPED THROUGH THE CARE- LESSNESS OF KYMPLUYES! NAMES OF THE SUFFERERS—Pirta Pace, BUMMARY ACTION AGAINST THE INTRANSI- GENTES IN ALICANTE, SPAIN! DISSEN- SIONS AMONG THE BOURBONS! ARMY RE- INFORCEMENTS FORWARDED TO CUBA— SEVENTH PaGE. BISMARCK HAS A LONG PRIVATE CONFERENCE WITH VICTOR EMMANUEL—THE HOPES THE Cocsarism in Finance—The Growth of Evil in Business Circles and the Public Service. The disease underlying the panic of the last two weeks may be called Cxsarism in finance. Looking at its causes calmly and scrutinizing them closely we sce centralization in business asin government. There is the same unnatu- ral preponderance of the one-man rule in the street as in the Executive chamber. One man locked up greenbacks two years ago and almost created a financial panic. One man has it in his power by the aid of capital and courage to check the business of the country at almost any time. This one-man power in Wall street, this Cmsarism in finance, is a disease of which Vanderbilt, Scott, Garrett and others are the types. It isa common thing in the street and indeed all over the country to speak of these men as railway giants—to call them magnates and kings. We never hear nowa- days of the Baltimore and Ohio Railroad, but of “Garrett's road;” and the two Centrals, the Pennsylvania and the New York, are spoken of with base familiarity as if they were the private property and were intended merely for the personal use of “Tom Scott” and ‘‘the Commodore.” The public interest in the roads is overlooked or ignored and the stocks are used as dice for speculative gamblers. The carrying trade and the money market are both subject to the caprices of these powerful adventurers, The members of the Stock Ex- change are mere puppets in their hands— marionettes which dance according to the pleasure of the men who pull the strings. ‘Their power is great beyond all precedent, too great for healthy business conditions. Rumors of Commodore Vanderbilt's sickness are often employed as a method of depressing stocks, and his death, Wall street believes, would cause rates to fall twenty per cent. Tho one- man power is supreme in the money market, and Omsarism in finance as in government menaces the existence of the Republic. Stocks are_aa_pecessary to our social and business life as the arteriés of the body to its healthful condition. They are the blood of the body politic and are first to show symp- toms of disease in business or finance. Never were the unhealthy éonditions more clearly demonstrated than during what we may now call the recent panié ~ Thor Rie. Sook Ex- change was closed and there Weré'nd genuine transactions in stocks we had daily quotations at depressed rates. Rumors of all kinds were put in circulation, not only to depress railroad and other shares, but to make the downfall of the buchu bankers an irretrievable disaster for the whole country. One day we were told that the national banks were to suspend cur- rency payments, not as a matter of extreme neceasity and bankruptcy, butas a wise policy, dictated by precaution. The next day Secre- tary Richardson was reported as favorable to this plan. Even a boy, with no clearer in- sight into business than that afforded by a commercial college, could see that this was national ruin. The little Caesars without money or stocks were emulating the example of the big ones, using for the purpose the only means at their command-—a capital of lies— and hoping to turn an honest penny out of a universal catastrophe. The Stock Exchange was closed against them, and so, as they could not make stocks dance up and down, they sought to make money out of the sufferings of the people by destroying the national credit. Again, nothing more clearly shows the Cwsarism in finance which now prevails than a comparison of this panic with the crises of former years, The panic of 1837 was due to overtrading and exorbitant rates for money. From one to one and a half per cent per month were then the ruling rates among the business classes. At that time money was actually scarce and the country was far from being prosperous. Now the conditions are reversed. The country is extremely prosper- ous and the currency is inflated. Only the speculators were paying exorbitant rates for money, and only the speculators failed. Cesar simply outdid himself, and it required no Brutus to slay him. In 1857 the panic came because extravagant prices had ruled for some years and a revolution was an absolute neces- sity. This time only the speculators fell, be- cause the country was prosperous and Cmsar- OF THE FRENCH MONARCHISTS—S8VENTH Page. SICHBORNE WINS THE NEWMARKET OCTOBER HANDICAP RACE—MEXICAN RECRUITS FOR SPAIN, OR CUBA—SEVENTH PAGE. Prrrssurae's DISGRACE! THE POSTMASTER CONFESSES A DEFICIT OF $33,000! THE ACTION OF MR. CRESWELL—THIRD PAGE. Forma OPENING OF CHICAGO'S INDUSTRIAL EXPOSITION! A BIG CROWD OF VISITORS! ,. ° THE BUILDING—TeNTH Pace. Pyrressive MASONIC CEREMUNIES IN THE CITY OF BROTHERLY LOVE! CORN, OIL ‘ AND WINE POURED UPON THE FLOOR OF ¥ THE GRAND TEMPLE—TuIxD Pace. QurvER WILL OUT! BAY STATE CONVICTS CONFESS TO THE KILLING OF JAMES GRAHAM, AT LITTLE NECK, 1. 1L.—TentH Pace. QvEER FINDINGS OF THE BRITISH-AMERICAN CLAIMS COMMISSION! THE $44,000,000 RE- SERVE—Tairp Pace. XJUDGE FULLERTON ON THE AVAILABLE CANDIDATES FOR THE CHIEF JUSTICE- SHIP AND THE OFFICE ITSELF—TENTH Pace. ER | INGRESSIONAL AID FOR THE praises OF TAR SATION; How Great GENEnaf. INTERESTS MAY BE FORWARDED BY . WISE MEASURES “OF RELIMP—LEGAL | ¥ NEWS—BROOKLYN'S PARKS--Firta PAGE. CONFERENC! OF SLAVEHOLDERS IN | OUBA! RIQUELME’S DEFIANCE—ELBYENTH & Paas. ae eae _ ism in finance had failed seriously to affect it, Tho crops are good, money is plenty, and the national credit is higher than at any time since the war. The sufferings of other years were not to be anticipated, and, in spite of almost super- human efforts to precipitate like evils, every attempt so far has failed, and the financial panic of 1873 will only be known as the episode of disaster to reckless speculators. Another evidence of the rapid growth of Cwsarism in finance were the relations, real or supposed, of upstart banking houses with the government. Jay Cooke & Co. were the pets of Secretary Chase, and were, in reality, ‘started in business’ by the government. Henry Clews & Co., another upstart house, sustained by puffery and patronage, were, at the time of their failure, the financial agents of the government in London. And now we have a report from Washington, which we trast is unfounded, that the unbroken part of the broken house of Jay Cooke & Co. is to take the place of Clews, Habicht & Co. as the London agenty of the United States. This would be o femarkable bit of favoritism, fraught with dan- ger far beyond the security of the money that would be entrusted to Jay Cooke, McCulloch & Co. Itis the latest and the worst exhibition of Cmsarism in finance, and it cannot be over- looked, as it is one of the most unhealthy signs of an unhealthy financial condition id Tax Oonrenence oy tHE Evancerscar, Ar. oz, —In another place in the Henaxp of this | orning eld in this city on the 2d of October. It ill be seen from the preliminary report, as as from the interviews, that the members friends of the Alliance are full of hope the approaching Conference will be sec- to none of its five predecessors. Dele- tes bave already arrived in large numbers. are representatives of almost all the ions of Europe, and there are several from ¢ far East, one of whom is a native East In- H Our American clergy will be fully ; and there really is a fair prospect t the sixth Conference of the Alliance will ‘a success, and that it will do honor to the city in which its sessions will be held. ‘or the views of some of the most prominent ected with the Alliance we recom- bond eee readers to the reported interviews fo which we have already referred. will be found a series of interviews | upon the Conference of the Evangel. | railroads necessary to the prosperity of the Alliance, the first session of which is to be | which bas yet shown itself, As we look about us we see like unhealthy symptoms obtruding themselves on every hand, from the stocks in country rising and falling at one man’s nod | to these other indications of dishonesty and | favoritism which we have just pointed out. (‘The other day we remarked the evil growth in finance the few years since the beginning of the war. We again refer to it now to show that the growth of evil in finance and in gov- ernment was simultaneous, The Crédit Mo- bilier Congressmen, the unscrupulous railway speculators and the great banking houses con- ducted on loose principles of business integ- rity were products of the same root. An NEW YOKK HERALD, SATURDAY, SEPTEMBER 27, 1873.—TRIPLE SHEET. became only authorized robbery for the benefit of public despoilers and their favorites. The national banks were built up to inflate the cir- culation by the very men who would pull them down for the purpose of making money out of their failure and the ruin of the people. Cooke's national bank at Washington was the first of these institutions to suspend, and it failed at the earliest whisper of a panic. The reckless mismanagement of savings banks and trust companies was only in keeping with the corruptions in Congress, in the custom houses and in the offices of the Internal Revenue Bureau. Log-rolling in legislation kept time with corners and combinations in Wall street. In government as in business the growth of evil was rapid and complete, and the crash of the buchu bankers and speculators is the first sign of the retribution which must follow in the track of so much and such unblushing wrongdoing. In view of all these circumstances we would earnestly advise the administration to be warned in time. Unless the evils in the government are eradicated, calamities to the nation will ensue more terrible than those distracting the country on account of the financial panic. Now is President Grant's Opportunity. Let him lead the way in the work of reform. Hoe has already told the buchu bankers that, while he would do what was in his power to avert disaster to the country, he had no ready relief for them out of the Treasury reserve. If he will announce, in addition, that he will not again accept the Presidency, he can cap the climax of his own glory, and start a work which must end in the purification of business circles and the public service. It is to the President that the coun- try is looking for the destruction of Cmsarism in finance and in government, Spanish Iron-Clads and Great Britain, Considerable excitement provails in certain quarters regarding the relations of Great Britain and Spain. The Spanish government demands the surrender of the iron-clads Vit- toria and Almansa, now held at Gibraltar by Admiral Yelverton, of the British Navy. It seems unjust that Great Britain should hold them, now that the Spanish government hes made, eg... pan) papa (a ir reatora- tiod.” TE“dttght ‘not 85 be forgotlad, howoyey, that the original seizure of the véssels by Ad- miral Yelverton was a friendly act towards tho . Spanish government. The vessels were in the hands of insurgents, who threatened to*.make war on Spain; and, in accordance with’ the law of nations, they were, with the conser of the Spanish government itself and the othe? foreign Pow- ers, seized as pirates. We have little doubt that the vessels will be restored to Spain so soon as the government can /give satisfactory proof that it is able to take care of them. So long as the other European Powers sanction the retention of the ships it is simply absurd to. talk of war as a possible result between England and Spain. Spain can but ill afford to go to war with England; much less can she afford to go to war with the whole of Europe. This little affair will bo got over in the right way and, no doubt, in good time. The Political Cireuses in Motion. inflated currency and wild and reckless specu. same men. Watered stocks, 60 common a device of late years, were in a measure due, or at least supported by, legislatures selling the franchises of the people. Protective tariffs, by Congressional manipulation, instead of aiding in the development of manufactures, The baro-back riders, acrobats, trapeze per- formers, ground and lofty tumblers, clowns and ringmasters of the political circuses in this city have not yet completed their entire arrangements for the fall campaign. But the State republican hippodrome is in motion, with its colors flying and hurdy-gurdies squeaking, and with a few side shows, intended to tickle the rustics while the managers pocket their votes, Next week, in order to demon- strate that no republican pent-up Utica con- tractors shall have it all their own way, the democratic circus managers are to give their first State show of the season in the same place, under a pure and uncorrupted democratic canvas. Meanwhile the demo- cratic aspirants for the honors of the political arena in this city are in the ‘throws’ of ground and lofty tumbling. But the great Indian act of bluff Jack Kelly will be the lead- ing feature in the Tammany programme. He is so certain of a crowded house at Utica that he has already prepared a huge placard bear- ing the ominous legend—“‘No dead heads or dead beats admitted” —to be displayed at the portals of the hall in which the sawdust per- formances are to come off. It is rumored that a celebrated two-horse Tammany rider, in rehearsing a bare-back act for the Utica show, was thrown and so badly bruised that he will not be able to appear in the Utica entertainment. It is further stated that a certain renowned performer on the demo- cratic trapeze, besides being an expert in the Apollo city reform and liberal transformation scenes, has consented to play the part of the eccentric individual at Donnybrook Fair, and, if unable to obtain entrance at the regular per- formance, will improvise a side show, in which, while whirling his shillelah, he will, with his usual politeness, invite somebody to “tread on the tail of his coat.’ It is also ex- pected that a worthy and patient trainer in the political cireus—once of the old Tammany democracy, then of the republican, and finally of the liberal republican show of wax figures— will attempt to join in the regular exhibi- tion; but he will, in all probability, be com- pelled to keep at a distance, and in his cha- grin it is not unlikely he will take part in the Donnybrook Fair performance by introducing, for the amusement of the spectators, the tricks of a pair of learned liberal mules. Be all this as it may, there promises to be a good deal of sport at Utica on the Ist of Octo- ber, when, it is predicted, the old Tammany warwhoop shall again resound and call the unterrified once more together in what is fondly called a cleansed, rehabilitated and purified Wigwam. ‘Taz Granagrs anv THE Crasn.—We pub- lish elsewhere an article from the Chicago Times, an ultra, or, more properly, an inde- pendent, democratic journal. It will be seen that it is in reply to some Eastern prints in the interest of the monopolists, who have ascribed to the farmers’ movement, or the formation of granges, the precipitation of the late financial revulsion upon the community. lations were devised and controlled by the | The bull is taken fairly by the horns by our Chicago contemporary, and. the view of the London Times, that the crash is an “effort ot the fiscal system to get rid of the dishonest | elements,” is well sustained. But the fact is, it matters not by wham or from what cause the panic wos precipitated, it is certain that it was sure to come sooner or later ; and whether the farmers’ movement, the dishonesty of financial managers, the manipulations of stock jobbers and speculators or the rottenness and corruption lying at the foundation of our fancy railroad system—it matters not which of these was the immediate cause; it is equally certain that, now the thunder cloud has burst, we shall have clearer skies and a more wholesome finan- cial atmosphere for some time to come. The Critical State of France. The republic and a monarchy under some form in France hang suspended in the scales of fate. It is still uncertain on which side the balance will incline. While wavering in this uncertainty some coup @'élat of the gov- ernment or of one of the political parties, in which the French have much experience, may Affairs in |. precipitate a crisis and cause the scales to kick the beam. Let us glance at the state of affairs and see what are the probabilities. It seems impossible that the present abnormal and pro- visional governmental arrangement can stand. All parties admit that. Monarchists of all shades, imperialists and republicans, regard the actual government only as provisional and of short duration. Hence the efforts of these conflicting parties to try their strength. The republicans in the Assembly, however, being in a minority, wish to appeal to the country through a general election. The majority, which comes under the general term of the Right, aud which is made up of the legit mists, the Orleanists and the imperialists, ap- pears to be intent on giving a definite form of government to France through the action of the Assembly and the Executiye, without ap- pealing to the people. As the time for the reassembling of the National Assembly approaches the different factions manifest activity, as if the solution of this question were to be forced at that time. A meeting of the so-called conservatives—that is, the monarchists—was held at Paris on Thursday to discuss the matter.’ About sixty persons, our telegram says, attended, and among them were Baron Decazes, M. de la Rochefoucauld, M. do Kerdrel and Count Daru. A confident feeling prevailed. Some of the spoakers claimed there would be a majority of twenty at the next session of the Assembly in fayor of the Féstorafion of mos- aeehy The ican gnembers, taking alarm from the movements’ and possible action of the monarchists, propose, it is said, when the Assembly meets, to introduce a declaration against any infringement of the popular sovereignty, and, if mot adopted, to resign their seats. Should this be the pur- pose of the republican members the monarch- ists may be more disposed to make the issue, having a majority; for such an act of abnega- tion on the part of the republicans would leave the course clear to the monarchists. They would denounce the retiring republi- cans a8 wanting patriotism and courage and wishing to procipitate a revolution, and could pronounce the restoration of monarchy with- out being annoyed by opposition speeches or parliamentary tactics. The monarchists may wish for such an easy way of getting rid of opposition. Still, if the monarchists .have a clear majority of twenty, as they claim, the votes of the republicans would be unavailing, and might as well not be cast. We suppose, however, the republicans would fight in the Assembly to the last moment by their speeches and through whatever privileges the rules of that body might afford them. Should the republicans, on finding all their efforts to prevent a declaration to restore the mouarchy futile, withdraw from the Assembly, that would seem to imply revolutionary move- ments and an appeal toarms. It would be a terrible alternative, and might plunge Franee again into the most frightful civil war. Ad- mitting,that the republicans are powerful in the Assembly-—that is, if they are in » minor- ity of twenty only—and conceding that they have great strength in the country, especially in the large cities, their efforts to overthrow the Assembly and monarchical factions may prove extremely hazardous. Though the act of the Assembly in restoring the monarchy would be clearly revolutionary, that body: is. at present invested with the representative power of France, and the Executive is its creature. Conservative people, even if in- clined to republicanism, might dread the issue and prefer submission to the: dictates of the Assembly to a bloody civil war. Mauch will depend—if, indeed, the solution of the whole question does not depend—upon Marshal Mac- Mahon. Should he act with the majority of the Assembly, as is probable, and as he may plead it is his duty to do, he being but the creature of that body, the republicans would find a mighty power against them. The army of France has been well reorganized, and is. efficient. Handled by such an experienced nd courageous man as MacMahon, an insur- gent movement would have;. probably, little chance of success. It is possible there may be found in the Assembly a sufficient number af moderate men, not committed positively either to re- publicanism or monarchy, who might, by their votes, avert the issue which the decided monarchista appear determined to make. Even then an appeal to the country for the. election of a new Assembly might not be voted,. and in that case the uncertainty and. danger of a provisional. government would: Why the Appointment to the Chief Justiceship Should Be Made at Once. The views of the many learned gentlemen in the law who have been appealed to by the Henatp for their opinions on the appoint- ment of a Chief Justice of the United States Supreme Court coincide generally on main Points with those advanced by this journal. Above all it may be noted that, after assign- ing the highest personal character and legal knowledge and acumen as necessities to the position, it is admitted, even by stanch par- tisans, that President Grant has had ample time for making his selection. This being made, so far as he can make it, it is looked on as of vital necessity and a right, as well asa remain. Every way the political affairs of France are in a critical. and dangerous con- dition. The republicans may welt feel bitter. toward those who are intent on overthrowing that form ot government. which has brought France through the severest trials. No: monarchy or empire could have done more, if as.much. Look at the condition France was leftin after the terrible disasters of the war with Germany and the collapse of the Em- pire. Although three years havo not passed since these unparalleled disasters, yet the country is prosperous again. Yes, the re. publican government has paid a thousamd million dollars’ indemnity in that short tine, has preserved peace at home and abroad, has restored the finances to @ flourishing con- dition, and has promoted manufactures, in- dustry, trade at home and commerce abroad. Never, perhaps, was France in ® more prom ising way as to material prosperity. Why, then, it may be asked, should the Republic be destroyed? But these surprising results of a republican form of government have no weight with the monarchists, who prefer the glitter of a crown and the favors they expect from it. The welfare of France is made sub. servient to thojr preiudices and interests, : courtesy due to tho citizens of the United States, that the President's choice should be laid before them. We have noticed among many of the distinguished lawyers who have spoken through our columns that they did not consider it likely that the party in power would take much advice from the people on the appointment, or think the people had any right to meddle in the matter. The delay in announcing the favored nominee but too well gives countenance to this opinion. We should be grieved to think that it had any foundation in fact, but the long delay gives it ® dangerous plausibility. We have dwelt heretofore on the towering grandeur of the po- sition of Chief Justice, on its broad importance to the country, and can, therefore, assume that the entire people and press can assert their right to a voice, if not constitutionally to @ vote on the matter. It cannot be said here- after that the ruling party erred through ig- norance of the people's desire. That has been made manifest. It cannot be urged that time enough has not been given for the selection, as the period since the death of Chief Justice Chase is now long enough for the President to have calmly examined the claims of every jurist in the United States who fills to a satis- factory degree the requirements for the august position. Why not, then, bring the appointment before the country? The stereotyped answer given by those in- dividuals who can be relied on to detail or to manufacture excuses for those in power is the merest begging of the question. Congress, and there is no use agitating the country over an appointment which is constitutionally within the control of some seventy-four per- sons, or the mere majority thereof, There is a cavalier smack to all this which warns the people off and asks them what they are going to do about it, The answer may do very well for those who bury their manhood under the shadow of the powers that be, and hover like butterflies in the light upon the high places where the powers sit, glad to get a little of the golden sunshine on their ephemeral wings, but it will cause a feeling of pain to the manly millions who have so deep and rightfal an interest in the question. When we hear of the nice concern for the pulse of the country, which this excuse for holding back the ap- pointment puts forth, we wonder what is the next great national appointment which the office-collared would spare us any agitation upon. We write and labor in the strong hope that, no matter how far this class may presume, tho millions will refuse to forget and remember to punish every tittle of presumption. President Grant can find his career, where it has been most brilliant, no precedent for this want of confidence in the people who have reposed such confidence in him. It would be highly reprehensible for a President to rush a deela- ration of war on a foreign Power through the Senate without any reference to the sentiment of the people. It would: be only less so to rush through the Senate a nominee for Chief Justice of the Su- preme Court of the United States without. giving the country a chance to: say well or ill: of the appointment. This mayybe a startling comparison; but the more the exalted func-- | tions, the power for good or evil over the des-- tinies of the Union which a worthy or unwor- thy appointment would involve, are examined, the more startlingly truo it will appear. The atgess laid by so-called administration mouthpieces upon the necessity for secrecy leads to many queries concerning the motive therefor. General Grant, in his. great mili- tary combinations to crush the: rebellion, doubtless needed that his intended movo- ments should be kept secret to ensuse success. The transfer of this secrecy to the political battle field is: not new in the country’s his- tory ; but it was never intended nor did it ever work forthe public good. What is more, it never achieved a single permanent success. Suspicions. of political bartering, of time to make party combinations, of darkness to plot for longer leases of. power, are born of the reticence preserved by President Grant as to whom he intends to appoint. But this is not an appointment which the Presidant can | allow,. with safety to his honor, to remain the plaything of pelitical rogues. If there is any combination, being brooded over, it can only be, from the nature of the office, @ combination against the people. It cannot be made a party question without. degrading the office amd those who agree to make it a part of the spoils. The determination to give it to a thick-and-tltim partisan as the result of @ careful bargain: would, indeed, be some canse for keeping,it secrat, Then, indeed, it could be urged that shame prevented ita an- neuncement an hour before the degrading deed was ready to be completed. There is no other reason fora longer delay which charity would call -valid. Tho right of the people to pass upon the appointment m their own healthy way is to be found in the democratic spirit-of our institutions; the courtesy which should acknowledge the forae of that right should be found in a President so justly hon- ored as President Grant. Is It Nora Lrrruez Srranar that no one has suggested the theory of the suicide of Cark- ton, the absconding Secretary of the Union ‘Trust Company? The frame of mind he seemed to be in when he left the office for the last tame would seem to warrant, something of the kind. hits. otk Owe Mone Unrorrunate.—Yet another de- falcation comes to light to-day. This time the postmaster at Pittsburg, Colonel John H. Stewart, turns up a defaulter to the govern- ment to the amount of between thirty and forty thousand dollars. When shall we reach the limit of this official plundering and ras- cality? | banks which, having received favors. from the: . buchu bankers, failed to return them when Buchu and Its Dapes—Maudlin Ssym- pathy for Exposed Quacks, There is one peculiar quality about buehu remedies—that while they are arrant humbugs they have their believers and worshippers, who, in the face of all proof to the contrary, insist upon regarding them as genuine specifics. Everybody is familiar with the long list of endorsements which follow buchu advertising. Mr. Jobn Smith writes a letter bearing testi- mony that he was troubled for fifteen years with sciatica, and that, after trying every pro- fessed remedy and consulting the most emi- nent medical talent, without deriving any lasting benefit therefrom, he was induced to buy a bottle of Dr. Charlatan Cooke's buchu. Astonished at the effect of the first bottle he purchased another, and the result is that he is entirely free trom the disease and as active and healthy as he was previous to his first attack. Mrs. Amanda Brown bids God bless Dr. Quackem Clews, for inventing his famous buchu plaster. Having been troubled for years with failing sight, she applied one of these plasters to the back of her neck, and can now see to thread a needle without the aid of her spec- tucles. Colonel Bluffwell, of Alabama, deems ithis duty to bear testimony to the efficacy of Dr. Empiric Jay’s universal buchu remedy, which in a case of broken leg gave the Colonel instant relief and obviated the use of a crutch. Many of these endorsements are, of course, man- ufactured by the enterprising professor of buchu, and some of them are furnished for a small consideration in currency. But others are genuine expressions of confidence, for every impostor has his followers. Fools can be found who have faith in the divine mission of Joseph Smith, and who religiously believe that the spirit-rapping, table-moving and fiddle-playing jugglers, who rove about the country picki-y up a vagabond living, are supernaturally gifted. What wonder, then, that dupes should fly into the’ net of buchu- ism, whether it be spread open for them in the form of physic or finance? The genuineness of the gullibility of these victims of buchu is evinced in the fact that, after the imposition has been exposed, after an analysis has proved the worthlessness of the constituents which make up the quack compound, the old omen oh pe exog wha se ot ed Sbeie faith to ils ey ak their eyes heavenward, heave sympathizing sighs and declare their belief that the pro- fessor of buchu is a muchinjured man. Poor, dear Dr. Quackem Clews! Why did not the many friends who have benefited by his buchu come to his aid in the hour of his trouble, when they knew that the qualities of his nos- trum were about to be tested, and pour into his bottle some strong mixture which would have given coloring and strength to its con- tents? Unfortunate Dr. Charlatan Cooke! How ungenerous it was in his principal patient to refuse to testify in his favor and do honor to his draughts when the day of tribulation arrived ! The sorrows of buchu banking are great. There remains for it no more enthusiastic puf- fery from the John Smiths, Amanda Browns and Colonel Binffwells, who are always ready to laud its quack remedies; no more full- faced-type notoriety; mo more mammon wor- ship; mo more political homage; no more public dinners; no more fulsome speech- making at lunches or leagues. Stripped to the skin, it must in future walk about among financiers in its true character of an ignorant impostor—a charlatan which impudently set itself up for an expert in a@ difficult and delicate business, at which it was only a bungting tyro, It must even scrape off its gilding, and suffer the world to see that what has been mistaken for a golden ball is nothing more tlian @ gilded mushroom. Nevertheless, like all other buchuism, buchu banking has its dupes and devotees who, in-its.hour of dis- aster, utter maudlin regrets at its fall We are told of the ingratitude of those genuine’ they were se'sorely needed. From the whin- + ings of the buchu sympathizers, one would suppose that the great financial operations of our banking houses were mere extensions of accommodations one to the other, for the pur- pose of keeping themselves afloat, and not. well considered transactions for the benefit and ° protection of the commercial: community, Because an upstart, clamsily managed: finan- cial adventure tambles to the ground,. the’ banking ability ofthe country isto make it ita business to proprup thequack ooncern.. These buchu bankers have been a damage: to the general banking interests of the nation, and while puffed into notoriety on the pretence- that they have upheld or improved the na- tional credit, they have in reality done it more- injary than good. It is a disgrace: to the Republic that buchu banks should be: recog-- nized as ita agents at home or abroad; and'it is well that some of them, at least, have found’, the level of charlatanism and incapacity. ; They are doomed:to tumble down one after’ ; the other, and the day is not far distant when’ i buchu banking will be regarded 9a sort of" i physic which everybody should be glad tor | throw:to the dogs. . ee q ‘ PERSONAL INTELLIGENCE. Judge J. 0. Parker, of Kemtucky, ta etopping: at: the Grand Hotel. General R. B. Marcy and Major W. 8. Bebee, 0. 8. A., are in Chicago. General J. D. Merron, of Mexico, tas quarters:.at the Metropolitan Hotel. f Jobin Bush, the oldest member of the shoe ia leather businegs in Rochester, ts dead, Rear Admiral Charles 5. Boggs, of the United? States Navy, is registered at the Everett House. Spinner has the malarial. Many others adocted with finance, have complained of the ‘“shaxes* ’ lately. Miss Belie Innis ts the only youny tedy. gtusomw.'in the Ohio Agricultural Vollege. We trust show wil never be required to,raise beets. Gutonel Robert M. Douglas, son. of the/ late Stephen A. Dougias and late Private Seeretyiry to General Grant, ia in Washington, if Is it not some what remarkable that, such#a large F number of ‘‘rufs’* should be allowed every/evening among ladies attending our fashionable entertain- J ments? The first copy of a paper, published in the inter- ’ esta of the Patrons of Husbandry, bas appeared in this city, Ih name 1s The Scythe. Slokles/ougnt tej bo the editor. The Lontsville CourterJournal does not kuow anything that will revive the spirits of Jay Sooke unless Proctor Knott will make him another,epeech on Duluth and the Northern Pacific, The San Jose (Cal) Farmers’ Club is Considering ‘ the advisability of importing girls [om the Kast for servants, The coat of bringing ¢he girls out is ‘ estimated at $70 ver head, and tgey will work for $16 per mouth,

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