The New York Herald Newspaper, October 3, 1873, Page 4

4 “UTICA. Close of the Labors of the Dem- ocratic Convention. MUCH TALK AND FAIR WORK, Fight of the Senior Wranglers Over the Secretaryship of State. RESOLUTIONS OF PRINCIPLE AND INTEREST Straight Jeffersonian Doctrine Preached. A STRING OF DENUNCIATIONS. The Salary Grab and Grabbers, the President, the Credit Mobiliers and Others Condemned. SPECIE PAYMENT DEMANDED. A Cordial Invitation to the Liberal Repub- licans to Clasp Hands. THE STATE TICKET. Urica, N. Y., Oct. 23, 1873, The Democratic State Convention met atten ’clock this morning. Mr. Sullivan, of New York, from the Committee on Resolations, submitted the following :— THE RESOLUTIONS. Resolved, That the democrats of the State of New York Invite the Co-operation of all citizens who agree with them in the following fundamental principles enunciated Dy, Thomas Jefferson :-— “Equal and exact justice to all men of whatever state or persuasion, religious or political.” “The support of the State governments tn all their rights as the most competent administrations for our Gomestic concerns, and the surest bulwarks against anti- epublican tendencies.’ e preservation of the general government in its ‘whole constitutional vigor as the sheet auchor of our Pegge at home and safety abroad.” > “A jealous care ot the right of election by the people.” t, Absolute acquiescence in the decisions of the thajor- “rhe supremacy of the civil over the military an- thority.” : “Economy in the public expense that la! nghner hep t labor may be “the honest payment of our debts and sacred preserva- tion of the public faith.” ‘3 \ “Phe diffusion of information and the arraginment of all abuses at the bar of public reason, treedomof religion, | freedom of the press abd freedom of person under tue rotection of the habeas corpus: that special legislation | ‘favoring private interest and all laws intringing upon individual rights are inimical to the public welfare, and THE GRANTING OF SUBSIDIES by the general and State government and the bonding of cities, towns and villages in aid of railroad and other corporations is wrong in principle, corrupting in ten dency and ought to cease.” We condemn and denounce THE SALARY GRAB, and all Congressmen, democratic or republican, who voted foritor who Nave not renounced ali share in plunder seized for a service already done and paid tor. We condemn and DENOUNCE THE PRESIDENTS SIGNATURE to the bill which clinched this iniquity and which gave ,00) to each Congresswwan, wlule procuring $100,00) for mselt after Congress had just retused to increase his salary, and we demand its repeal We condemn and de- ounce as utterly unworthy the people's confidence the republican party for having permitted THE CREDIT MOBILIEK FRAUDS to pass unpunished. in which its two Vice Presidents, more than one of the United States Senators and its five chairmen of the tive chief committees of the House of | Representatives were guilty participants, and the two foremost detenders of which have been rewarded by that | y's head—one with foreign mission and one with ¢ use o| the federal patronage to elect him Governor of | a neighboring State. ‘We condemn UNWORTHY THE PEOPLE'S the republican party, which in rupt ring to grasp without authority all the power of the city government of New York, and when the democratic | party had excluded them from its rauks and united to expel them from power, itself seized the occasion to | create a new and more corrupt Custom House ring on the ruins of municipal reform, and to inflict upou the tax- burdened citizens of our commercial metropolis a costly, complex and most cumbersome charter of government We condemn and DENOUNCK THE CONDUCT OF THE PRESIDENT in setting up by the bayonet a government in Louisiana | not chosen by the people, having no title to. authority, | 4&5 a flagrant violation of the iederal consiitution and the rights of @ sister state. REVENUE REFORM. Resolved, We demand revenue reform, to wit:—That our Custom House revenues shall be got from low, and, therefore, productive duties, on a few arucles; not’ from high, and, therefore, less productive duties on 2,000 arti- cles; that the needless burdens of a high protective tariff shall no longer be added to the necessary burden o: a huge public debt; and, since the power granted to Con- gress in the constitution is limited to the collection of | revenues for general uses only, we demand a revenue tariff which shall stop enriching one section at the ex- pense of other sections—a few monopolists at the expense Of allthe people. We demand SPECIN PAYMENTS, for, in the language of the Supreme Court, before its Bench was packed, to reverse @ righteous decision, an act making promises to pay paper dollars a legal tender in payment of debts previously contracted is prohibited by the constitution. And the colnage power conferred upon Congress 1s an implicit denial of the power to curse the people with @ currency inconvertible with coinage. We demand that tue fiscal policy of paper ination, pro- tective tariff and government subsidies shail be aban- doned to the hall-civilized nations and ages of which @ relic. begause it plunders the farmers of the United States, both in the Incomes and outgoes; it hamstrings our manitold industries; itconverts our foreign commerce into an unsafe specula- tion and our domestic trade into a game of chance. It Dreeds extravagance in our homes and dishonesty tn Public trusts. It tosters corrupt combinations of sec- tional interests and is the prime cause of the late finan- cial disasters, in Which fortunes have been wrecked, credit destroyed, labor deprived of employment and its savings of security. Inthe midst of these widespread calamities and this general distress we SCOUT THE PRESIDENTS PILL FOR PANICS, more inflation, more subsidies, more ballooning, and we joint the country to their true remedy and cure in the ied and historic principles of the old democracy ap- licable throughout our national State and municipal life. which limit and localize most jealously the powers entrusted io public servants; which enforce bunesty and frugality in public and private affairs; which prc- scribe equal taxation for all, and a currency as xood as fold; and we hold out to the iarmers ot ihe, United States the right-hand of fellowship in their just resist ance to the exactions of monopolists and thelr just de- mands for these great reforms, Resolved, That those who are vested by our laws with THK APPROPRIATION AND EXPENDITURE OF PUBLIC MONEY should be subjected to the same restraints, rules and Feguiations that are imposed upon taxpayers and col. lectors, und should in like manner be required to keep such accounts of their business affairs as are demanded of merchants and manutacturers, so that an examina- Uon of their books and transastions will show cny frauds and corruptions in their official business; that they shail take and subscribe to official oaths at proper periods that they have not in any way been unlawfully benefited by their official action. ny THE LIBERAL REPURLICARS. Resolved, That we recognize in the liberal republicans Worthy coadjntors, and we cordially invite them to unite With us in our efforts to restore pure government in our State and tederal administrations; that the democrade party, having inaugurated the system of low tolls and cheap transportation against the violent opposition of the republican party, reaffirms the poltey at thas dine, The reading of the resolutions elicited mach ap Plause and were unanimously adopted, The Convention then proceeded to nominate a State ticket. Mr. FRANKLIN, of Seneca, presented the name of Diedrich Willers, Jr., of that county, for secretary of State. Ih a few remarks referring to his service as Deputy Secretary, he declared that no more capable man could be selected for the position. He was well and favorably known throughont the State and would add strength to this ticket. Two years ago he was nominated for the me office and ran several thousand ahead of his ticket. The Omak said if there were no other nomina- tions the Secretary would proceed to call the ron, Mr. Havens, of Albany, said if there were no other nominations for this office he would move that Mr, Willers’ nomination be made by acclama- tion, Mr. ArcaR wanted entirely new men nominated: and was opposed to nominating any one who had been here LOBBYING FOR TIS NOMINATION, He desired the nomication of men who would bring credit and strength to the ticket, He had heard the name of Jon ¥, Seymour, of this city, men- tioned. (Applause.) He had also heard the name * of Charles Wheaton, of Dutchess, mentioned (Applause). Neither of these men had solicited the momination. Understanding that Seymour would Bot accept, he therefore presented the name of Charles Wheaton, of Dutcher | Mr. Oapen, of Yates, had hoped this nomination ‘would be made by acclamation. He had not ‘thought any one would be called upon to vindicate ‘ Man presented here, He had known Mr, Wil- jas rom harho0d, and be comes up better than | tion and led the ticket by thousands of votes, any otner man ne knew of at this time to the re- quirements of this piace. He was aman such as had been called “THE NOBLEST WORK OF GOD”— an honest mi (Applause.) The time had ar- rived for the services of such men, and Diedrich Willers is such @ man. Mr. Willers, he said, did not make himself a candidate. State the press have declared that he is the ft and proper man for the occasion, and he has yielded to the wish and the general sentiment ot the people to use his name. Ifhe is nominated he will the fit leader in this eiection. In his (Mr. Ogden’s) eens the democracy was to win in this elec- jon. M. ACKERT, of New York, rose to second the nomination of Mr, Wheaton, and proceeded to say he was a man who not only commandea the respect ofthe demoeracy of the State, but of the republi- cans also, He Was a man of great ability, and would fill the office to the honor and credit of the party and benefit of the State. He therefore be- lieved it to be to the interest of the party to nomi- nate Mr. Wheaton. Mr. Ray, of Columbia, endorsed all that had been said of Judge Wheaton, but he inquired if any one had been authorized to bring his name beiore the Convention, Two weeks ago Judge Wheaton had told him, really, he would not be @ candidate for avy ofMice, therefore he called upon the gentieman irom Tompkins to withdraw his name. Mr. FELLows had thought there would be no oc- casion for setting forth the qualifications of candi- dates here. Said ne, What we want 1s capability | and men who will bring most strength, It is not men who are seeking nominations whom we should select; itis the men whom office seeks, not those who seek office.” When he came here he was for Willers, but since Wheaton had been named he was for him, as he was sure he would bring strength and character to the ticket. The most prominent men were needed to head the ticket, and Judge Wheaton was one of them. We must take men who will prove the most effectual in lifting our party to the position it ought to occupy. We want something more than mere honest men, We want MEN OF HIGH AND COMMANDING POSITION. He believed that though Judge Wheaton did not want this nomination he would not set aside or reject the wishes of this Convention. The highest duty of this Convention was to nominate men who wili carry the party on to victory. Mr. MORRIS, of Chautauqua, said in selecting men fit for candidates we should bear in mind the fact that what.we want is aman known to be able to discharge the duties of the omice to which we name him. In Willers we are sure o/ this. He has been there, and we know, everybody knows, he can fill it With donor and credit, We must re- member that it will not do to take a man Who can- Not afford to give his time to the discharge oi the duties of the office, as has been in the election of Nelson for this place, Mr Moax called attention to the circulation ofa tueket here which was headed “THE TICKET TO WIN,” and that ticket was headed with Wheaton’s name, He did not know who got it up or who cir- culated it, but it had been circulated. He then proceeded to speak of the services of Willer, as rages amen which were satisfactory to all he people, Mr. Varn, of Dutchess, said as it was the opinion of his delegation that Wheaton would not accept the nomination, he would therefore ask Mr. Apgar to withdraw it. Mr. NILes, of Courtland, said the democracy of that county would be well pleased with the nomi- nation of Mr. Willers. He did not know him per- sonally, but thought ne looked like a working man, and, be added, “he looks like an honest man, and for God’s sake, let us nominate him.’* Mr. KELLBy, of New York, said he had no prefer- ence between these two mep, but as it seemed Mr. ‘Wheaton would not accept the Convention should | nominate some one who would, He did not think | Throughout the | Mr. Willers wouid bring such strength as was needed and therefore named Daniel C. Howell, of Steuben. Mr. Cook, of Oneida, seconded the nomination of Mr. Howell. He did not think tt would be good olicy to nominate a man who has been here work- ing for his own nomination. He did not think any good democrat would reiuse a nomination at this time; but if 1t was feared Wheaton would not ac- cept, let us hominate Mr, Howell. He did not believe Mr. Howell would Jee! at liberty to decline. He calied | upon the Convention to nominate him, and thus | give the people of the State a good and worthy man Jor the place. Mr. UNDERHILL, of Steuben, said that he was au- thorized to say Mr. Howell would not take a nomi- | nation for any of the other places on the ticket, but he could not say so much as to the office of Sec- retary of State. WHEATON’S NAME WITHDRAWN, Mr. APGAR withdrew the name of Mr. Wheaton, and said that he felt certain that Mr. Howell, if nominated, would not feel at liberty to decline. He appealed to the Convention to lay aside personal and local preferences. Mr. Morsis, of Kings, Geclared himself strongly in savor of Mr. Willers. He believed him to be an honest man and did not tuink he had done any- thing wrong in coming here at the request of his friends to show his willingness to accept the nomination. Mr, Reeves, of Suffolk, said he could endorse all that had been said in favor of Mr. Willers. He be- lieved be was the best man in the State for the lace. _ Mr. Macurng, of Schuyler, said it appeared to him that the gentleman who had presented the name of Mr. Howell did so without any authority from him. The name of Mr. Howell had been mentioned for Comptroller and Treasurer and he peremptorily refused its use, 80 it Was apparent that if he would 2 the nomination jor Comptroller and Treasurer, he would refuse that for Secretary of State. Asto Mr. Willers, ne had koown him from boyhood and he knew him to be a man of sterling | worth and honesty. He was capable and the very man for this Convention to put in this position especially. Two years ago he was pnt in this posi- He | is @ strong mau. He will bring strength and | character to the ticket. There Is no doubt of tiat, He was not the man to seek a place, as has been said here, unless bis friends and party waut him im it HOWELL WITHDRAWN. Mr. KELLY withdrew the name of Mr. Howell. He had put it forth simply because he had thought Mr. Wilers might be damaged by what was said here about him. Mr. HAVENER renewed his motion to make the nomination of Mr. Willers by acclamation, which ‘was carried. HON, HORATIO SEYMOUR here stepped forward irom the chair and addressed the Convention in substance as tollows:—Having | known Mr. Willers for nearly ten years, having been closely associated with him in the discharge of duty, I can say that in my opinion there is no man in the State whom! could vote for for this position with more pleasure than I can vote jor Diedrich Willers. He is not only an honorable, capable and honest man, but @ faithful one. During all the time he was in that office he was never known to be absent from his post of duty one hour. Ihave not a word of criticism to utter upon what has been said here oy my young friends in the heat of thisdebate, andi | accept the explanation made by them, that they did not mean to impute to Mr. Willers any lack of ty. For this oifice you want a man who uthfuliy discharge its duties himsel!, aud Mr. | Willers is the man of all others to do this. In con- sequence of the low Compensation andthe selec- tion of men engaged in lucrative pursuits, the duties of this office nave heretofore chiefly iallen upon the deputies. ITregretto see the repubii- cans—though | have no right to say how they | should act—set aside a capable and tried soldier who has for the past lew years done the duties of the oftice and give the position | to another, when It is well Known that the faithful soldier Will be called upon vo discharge the duties. itisno mere form when we take up @ man who has performed his duties at the lowest round of the jadder and lilt him to the highest. It means that there 18 real, true merit in the man. I have known Mr. Willers long and well, as I have already said, i knew him in the time of the war, when the services of the government were most arduous. I knew him aii through that trying time, when I was Governor, and of aii the men surrounding me and my office 1 found no man upon whom | could rely with more implicit confidence. I can very well see why it was that he has been 80 sensitive concern- ing this nomination when seeing his name made use of and brougnt forth in connection with it. It was as perfectly natural as it was proper that he should take an interest in the matter, ae all the names that you have had mentioned here | feel that it would have been impossibie for you to go astray in selecting a name, and what has been said here will do no damage. MEN SAY WHAT THEY THINK, and I am always glad to hear them say it, especially in our conventious. Democratic conventions are made up 80 that they can stand all that may be said in the spirit of fair criticism. Iam sincerely impressed that the nomination of Mr. Willers will bring strength to the party and the ticket, because the young men of the State will see that they stand as good a chance for rewards as their elders; because we saw them while ae atthe lowest round ; look up—your place is higher up. It is honesty, capanility and faithfalness thatare wanted. We do not take men for public position solely on account of their high standing and character. We want capability, honesty ana fidelity as well. ‘There bas been too much iaxity in the performance of duty, and when we find a man like Willers we should not let the opportunity to secure his ser- vices escape us. Things have been said against him; but then, you know, things have been said against all of us, and we must koow there always will be. In conclusion I congratulate the Conven- tion upon their selection, and say to the young men of the Convention and of the State that you are too modest in standing in the way of elevating any of your number, If any be deserving they should receive the rewards of their desserts, Mr. FLOWER moved tnat speeches be limited to five minutes, which was carried, The Convention then proceeded to THR NOMINATION OF A COMPTROLLER. The SECRETARY called a list of the counties for the presentation of candidates, Erie county presented the name of Asher P, Nichols, of Erie. Mr. BowMaN, of Munroe, named Allen C, Beach, of Jefferson, who, although he did not wish the nomination, would not, he thought, feel at liberty to decline. Mr. PANCHER, Of Oswego, presented the name of George W. Cuyler, of Wayne. When Wayne county was reached Mr. Cuyier withdrew his own name and nominated Mr. Beach. At the conclusion of the call of the roll Mr. Fiowek, of Jefferson, said he was authorized to say that Mr. Beach would not under any circum- stances accept. ‘Mr. Tanne of Brig, aid that while Mr. Nichols does not seek the nomination, he had assurances that he would not decline it, Mr. FELLOWS, of Delaware, said if Mr. Beach was before the Convention as a candidate he would un- questionably receive a unanimous nomination. Last night he had a conversation with Mr. Beach and Mr. Beach said that under no circumstances would he accept the nomination, 7 4 Bowman withdrew the nomination of Mr. each, Mr. Weston, of Erie, said there being no other nomination, and as Erie had a candidate who would accept, he moved the unanimous nomination of Mr. Nichols, Mr. BowMaN renewed the nomination of Mr. Cuyler and the Convention proceeded to ballot viva voce. Before the baliot was concluded Mr, OGDEN, of Yates, said that Mr. Cuyler’s name was used without his consent, and he was authorized by Mr. Cuyler to withdraw it and move the unanimous nomination of Mr. Nichols. Carried. THE NOMINATION FOR ATTORNEY GENERAL being next in order, Mr, Beach, of Greene, nom- mated James B. Olney, of Greene, Rufus W, Peck- ham, Jr., of Albany, was nominated by Mr. Havener, and x Fitch Bissell, of Genessee, Was also nom- inated, Mr, SALMON, of Onondaga, ina few enlogistic re- Tarkepominsied Daniel Pratt, of Onondaga, and asked that his nomination be by acclamation. Mr, Dewrrt, of Ulster, seconded the nommation of Mr. Olney, i Mr, Bancoc, of Onetda, said ms townsman, Mr. J. Tuomas Spriggs, tad been mentioned for the nomination. The united delegation of Gneida had intended to present his name; but, since Judge Pratt would accept the nomination, Mr. 3] riggs willtngiy withdrew, and he, on behali of the Oneida delegation, seconded the nomination of Judge a Mr. Scort, of Saratoga, presented the name of Mr. William J. Odell, of Saratoga. Mr. Bissell’s name was withdrawn, ‘The SecRETaky then called the roll, with the fol- lowing result:—Daniel Pratt, 82; Rufus W, Peck- hata, Jr., 13; James B, Olney, 26, The nomination of Judge Pratt was made unanimous, The Convention next proceeded to THE NOMINATION OF A TREASURER, Mr. FLOWER said he came here as a liberal re- patnpas. from Jefferson county, and after eulogiz- ig State Treasurer Thomas Raines, moved his re- nomination on behalf of 600 liberal republicans of Jefferson county and the united democracy of that county. Mr. TAYLOR, of Monroe, seconded the nomination of an Raines, and moved that tt be made by accla- mation. Mr. FeLLows, of Delaware, had hoped that the honor of nominating Mr. Raines would have been left to the democracy, but he heartily seconded it. Mr. Raines had come out of the republican party when it was in the zenith orits power, not when it was inits decay, but when he found it was cor- Trupt. He knew that the republicans had offered him a renomination if he would support the national administration, but he scorned the bribe. Mr. Bowng, of Otsego, seconded the nomination of Mr. Raines. Thomas Raines was then nominated by acclama- jon. Loud applause greeted the result, The next office was STATE ENGINEER AND SURVEYOR. Mr. MaGuirg, of Schuyler, named John D, Fay, of Monroe. He said this was one of the most impor- tant ofMcesinu the State, and proceeded to siow that large imterests were centred in it. Mr. Fay, he said, Was a man honest and incorruptible. He Was @ man whom all the corruptions of canal and other rings were unable to control. He was a man of the strictest integrity. He was also capable, and just the man the democracy wanted in a public Position, Mr. Mack claimed that a portion of the ticket should come trom the eastern part of the State, and would, thereiore, name aman equally capable with Mr. Fay, and who was Sylvanus Sweet, of Albany, Mr. KELLY, of New York, would name a man pos- sessing ail the requisite qualifications for this im- portant position, and that was Charlies H. Haswell, of New York. He suggested that the candidate for this ofMice should be taken trom the eastern part of the State, Mr, Beacu, of Greene, also thonght some of the eastern counties ought to be recognized on this tucket, according tu his idea it would tuke about 19,000 such counties as had already secured repre- sentation on this ticket to give a democratic majority. He endorsed the nomination of Sweet. ‘rhe name of E, H. Crocker, of Washington county, Was also presentea, aud the roll was called with the following result : an D, Fay, 22; Syl- vanus Sweet, 40; Charlies H. Haswell, 46; E, H. Crocker, 13. No choice. The name of Crocker was withdrawn. Another vote was had, with this result:—Sweet, 57; Haswell, 53; Fay, 11. No choice. On motion of Mr, UNDERHILL, of Steuben, another vote was had, confined to tue highest candidates, and it resulted as follows :—sweet, 63; Haswell, 55. On motion of JOHN KELLY the nomination or Syl- vanus H. Sweet for State Engineer aud Surveyor Was made unanimous, ae Convention proceeded to the nomination ofa c CANAL COMMISSIONER. Mr. PECK, of Niagara, nated James Jackson, Jr., of Niagara. Mr. Cary, of Cattaraugus, named Frank L. Stowell, of Cattaraugus, Mr. Morais, of Chatauqua, seconded the nomina- tion of Mr. Stowell. The bailot 1 follows:— James Jackson, Jr., 70; Frank L. Stowell, 38, On motion of Mr. Cary, of Cattaraugus, the nomi- nation of Mr. Jackson was mace unanimous, ‘The Convention then proceeded to nominate a STATE PRISON INSPECTOR, Mr. UNDERHILL nominated Hiram M. Beebe, of Tioga. Mr. CAULDWELL, of Westchester, nominated Thomas E. Sutton, of Westchester. He referred to the wretched discipline at Sing Sing at the present time and the ability and experience of Mr. Sutton as a warden of that inititution a few years ago. John Decker, of Richmond, was also nominated, Mr. Begsr, of Sullivan, nominated George W. Millspaugh, of Orange. Mr. Hapris nominated Cornelius A, Russell, of Warren. i Mr. NILES nominated Benton B. Jones, of Court- and, Mr. Decker, of Richmond, thanked the gentie- man for the presentation of his name, and with- drew it, ‘The name of Mr. Jones was withdrawn, ‘The ballot resulted as follows :—Beebe, 32; Sutton, 18; Milispangh, 56. ‘The nomination of Mr. Millspaugh was then made unanimous, Mr. BEEBE then proposed three cheers for the ticket and platform, which were enthusiastically ven. Mr. KELLY moved a vote of thanks to the Presi- dent and officers, Carried. The PRESIDENT Of the Convention, on adjourning, spoke as follows :— ADDRESS OF THE PRESIDENT. I congratulate you upon your action and upon the tone and temper which have marked your pro- ceedings. We have accomplished one great good. We have lifted up the piane of political morais, We have raised standards by which the fitness of candidates is to be measured, and have made it @ question in the mind of every voter in every Assembly and Senatorial dis- trict, whether tne election 0! those nominated for seats in the Legislature of New York tend to ele- vate the tone of its action, Are their hands clean and their characters above reproach? Icongratulate you on the {act that what you have done i is respect will be «source of just pride for th@™est of your lives. You have already made political atmospuere more pure. You have done what is mght, without stopping to inquire who 18 hit or where it hart. Your proceedings mark the turn of the tude im favor of old-tasiioned honest; and of political integrity. We can also point with pride to some (es we have brought about even when we Were in the minority. Both parties now say, througn their convention, that the tranusporta- tion on our canals shail be cheaper. Yet when that measure was first urged by a democratic con- vention and passed through by democratic officials it Was denounced by our opponents, We took the lead on the great subject of CHBAP TRA we sure and practical measures. We lifted taxa- tion of from food and fuel and lamber—the most hurtful of all taxation, tor toils are taxes upon those articles which deeply concern the comfort and the happiness of our homes and fall most hard upon the elements of industry, as they make the great bulk of tonnage on our water routes. By this policy we not only heiped (hose who live along their courses, but every other portion of our State; for every dollar we cut down on the taxation on our commerce also puts down railroad charges on every competing line in every part of the State. When the canals open Failroad freights are put down; when they close rates are advanced; but I must not detain you at this late hour. You to your homes inspired by the faith that we will succeed at this election be- cause we ought to. Gentlemen, | thank youfor your complimentary resolutions and for the courtesy and partiality you have shown towards me during the proceedings of the Convention. The Convention then adjourned sine die, DRTATION Democratic State Committee. Unica, N. Y., Oct 2, 1873, The Democratic State Committee met this after- noon and organized by electing Samuel J. Tilden Chairman, and Joseph Warren, of Buffalo, Secre- tary. ‘The following executive committee Was ap- pointed :— John Fox, of New York; William A. Fowler, of Kings; Harris G. Rodgers, of Broome; W. W. Gordon, of Delaware; Jarvis Lord, of Monroe, and Henry A. Richmond, of Genesee. The commit tee unanimously passed a resoiution, fixing the headquarters of t: nmittee at Albany, and ap- ointed a mecting nst., al tweive House, to which m terested in the suc stood to be invited, Albany for Thursday, the 9th van o'clock noon, at the Dela ing candidates and other: 8 Of the ticket are und THE GERMAN REFORMERS, : Measures of Reorganization and Con- solidation, The Executive Committee and the Committee of Organization of the Central Committee of German Reform organizations held a meeting at Germania Hall, Third avenue, last night. Marcus Otterburg presided, and a communication from the Council of Political Reform was received, recommending plans to arrange a consolidation of the reform elements in tnis city. Remarks on the subject were made by Oswald Ottendorfer and others, and action “was taken to prepare a plan of reorganization to be \tted at the next meeting of the Central Committee, Six additional organizations were announced as hay- ing signified their intention to join the organiza- tion during the approaching fall pampaign, whose delegates were present, and admitted for the pur- pose of being iniormed of the views and object of the organization—namely, that the success of can- didates tor municipal ofices shall no longer de- pend on their previoussparty affiliation, je new organizations admitted jast night are located in the ‘Tenth, Eleventh, Twelfth, Thirteenth, Eight- eenth ana Twenty-first wards. REPUBLICAN OOUNTY CONVENTION. RIvERHEAD, L. L, Oct. 2, 1873, At the Republican County Convention held at Riverhead this day the Hon. Henry P. Hedges, of Bridge Hampton, was unanimously nominated as & candidate for County Judge and Surrogate; George Cc. Campbell was nominated for County Clerk; Egbert G. Lewis, the RreMane Under Sherif, was nominated for Sheriff; N. D. Petty, of Riverhead, for member of Assembly; Stephen R. Williams, for Overseer ol the Poor; Henry Huntting, for Justice of Sessions. ‘Iwelve delegates were elected to at- id the Judicial Convention to be held October 13, the City Hal, Brooklyn. FOURTH JUDICIAL DISTRIOT REPUBLICAN OONVENTION. Saratoga, N. Y. Oct. 2, 1873, The Republican Convention of the Fourth Judi- cial district was held here to-day. A. J. Cheritree, of Warren, was chosen Chairman and 8. A. Beman, of Franklin, Secretary, Five candidates were pre- sented to the Convention—George H. Beckwith, of Clinton; H, E. Smith, John Stewart, of Fulton; J.8, Landon, of Schenectady, and Frothingham Fish, of Montgomery. On tlie thirteenth ballot Mr. Judson S. Landon was nominated, after which the Con- vention adjourned, The delegates were entertained at the residence of Mr. A. Brockes, NEW YORK STATE ELECTION—NOV, 4, 1873 CayuGa.—The democrats of Cayuga have made the following Assembly nominations:—First dis- trict, James Kerr, of Auburn; Second district, BE, F, Brown, of Ledyard. ONONDAGA AND COURTLAND.—The republicans of this district have renominated Daniel P. Wood for the Senate. OnEIpa.—Samuel 8, Lowery has been renomi- named for the Senate from the Oneida district. CATTARAUGUS AND CHAUTAUQUA.—The repub- licans have nominated A. G. Dow, of Cattaraugus, for Senator. “GREAT MORAL IDEAS.” The Custom House Employes of Salti- more Blackmailed—Compelled to Pay Two Per Cent of Their Salaries to the Republican Committee—A Row in Pros- pect. BALTIMORE, Oct. 2, 1873, The employés in the Naval Office and Surveyor's Department of the Custom House, when receiving their September salaries, were given notice by their superiors that they must pay a certain per- centage upon them for a purpose not stated. At the same time it was hinted to them thatif they did not pay up their resignations would be received, They were directed to go to No. 623, West Baltimore street, where some one would be in walting to take the money and give them re- ceipts. The amountjevied was one and a half per cent upon ail salaries under $2,000 and two per cent upon those above tnat figure, the levy to be upon the salary forthe year. The employés who went up to pay the money found that it was re- ceived by the Secretary of the Kepublican HExecu- tive Committee in a secluded back room, and that they could obtain no acknowledgment of their pay- ment. A number of employés, who remembered the Filley precedent in St. Louis, refused to pay the money, and have been deat to the hints which have been given them to hurry up. They say that the Filley case authorizes them to believe that the government wili not sanc- tion such & blackmail for political purposes, and that they will refer their case to the jury De- ¥ rtment af necessary. The repubii Maryland has always levied upon the oliceholders for campaign money, and has never failed to col- lect it untiinow. Dire threats have been held by the Surveyor and Naval OMcer over the heads of the recusants, and they have been summoned to payor go. The matter is eliciting much comment, and the other oficehoiders are anxiously awaiting the result. THE ELEVENTH’S TROUBLES, Organization of the Gourt Martial for the ‘Trial of the Delinquent Officers. At the Eighty-fourth Regiment Armory, corner of Broadway and Fourth streets, a court martial was jormed last night for the trial of the delinquent officers of the Eleventh regiment, on charges growing out of the affair at Prospect Park during a review recentiy, when the entire regig ment was arrested tor alleged mutiny. The Court was composed of Colonel Ff. A. Conck- ling, of the Eighty-fourth regiment, presiding; Lieutenant Colonel William Van Wyck, of the Sixth regiment, and Major Lewis Hallan, of the Filth regiment. The officers te be tried are Lieu- tenants tlauser, Munsel and Oberley. The Court was organized as above, but on account of the ab- sence of Major Fellows, the Judge Advocate, they were not sworn in, and the Court adjourned until next Friday. Lieutenant Drew, aide-de-camp of General Funk, who was present, stated that the General 18 now in Albany attending the matter connected with the Kieventh regiment affair, JERSEY MILITARY IN THEIR GLORY, Review by Governor Parker and Major General Mott. The First brigade of the New Jersey State Na- tional Guard, which includes the Newark and Hud- son county military, had quite a creditable turn- out yesterday in the former city, the occasion being the annual fall parade. The Newark mill- tary, considering its generally disrupted condition, chiefly owing to the amount of red-tapism and Martinetism which has long been predomi- nent there, made @ very excellent appear- ance. All the regiments—the First, the Sec- ond and the Fifth—looked well, thou; meagre in numbers. In marching the “vets,” as the boys of the Filth are familiarly called, were especially admired, but it must be said that the honors of the day were carried off by the Hudson county “Canary Birds,” as the gay- uniformed Fourth regiment boys are called. From @ platform in Military Park Governor Joel Parker and Major General Gershom Mott, with other lesser military lights, reviewed the troops. From the momen‘ that the bands began to piay the streets and the park of Newark were crowded with spec- tators. The First and Second battalions and Hex- amer’s Battery also participated in the parade. A NEW POST OFFIOB FOR JERSEY CITY. Many months have elapsed since Benjamin G. Clark, Dr. J. M. Cornelison and Henry A. Greene, postmaster, were appointed commissioners to select a site for a new Post Office in Jersey Gity. The Treasury department advertised for proposals, and yesterday Mr. A, B. Muilett, one of the archi- tects of the Treasury, made an inspection of the different sites offered, Hosea F. Clark offers a location in Jersey avenue, be- tween York and Montgomery streets, for $106,510. D. 8 Gregory offers three sites on Washington street, one between York and Grand, for $143,000; another, between Sussex and Morris, for $103,750, and the third, between Grand and Sussex, for $161,000. Robert C. Bacot will sell, in Grove street, between second and Third, for $100, or fifty feet added for $25,000 additional, or on Henderson street, between Sec- ond and Third, for $125,000. H, B. Laidlaw will give a plot on Bramhall avenue, near Ocean ave. nine, for $60,592, Cornelius Van Vorst will sell the vacant plot on Jersey avenue, between Wayne and Railroad avenue, for $70,000, N. ©. Jac- quith offers a site on Warren | street, between Grand and Sussex, jor $12 The ground on which the asylum for widow: orphans is located, on Erie street and Pavonia avenue, was offered for $100,000. Postmaster Greene, of Jersey City, Postmaster Fairman, of Philadetphia, and Congressman Scudder, accom- paniea Mr. Mullett, who gave @ close attention to he representations made to him. He declined to be “drawn out’ on the subject. There weve reason to believe, however, that choice lies be- tween the prope ty of Hosea #. Clark, and that offered by Mr, Bacot. The other sites are by no means available. Mr. Muilett will report to the Postmaster General, DEATH PROM A FALLING DERRIOK, Patrick Brunton, aged fifty-five, living at the corner of Lexington avenue and Ninetieth street, who was injured by the mast of a falling derrick, at the corner of Ninetieth street and Fourth ave- nue, died on the 18th, Coroner Kessler held the inquest yesterday, and the jury rendered a verdict that “said man came to his death through being injured by the mast of a falling derrick, caused by the guy rope being cut by some person unknown to the Jury, September 17, 1873.7 The jury also called upon the proprietors, Messrs. Hines & Co., to provide additiona! tchmen to guard against the possibility of any one cutting or tampering with their derricks or guys. NEW YORK HERALD, FRIDAY, OCTOBER 3, 1873—TRIPLE SHEET. WALL STREET A Shock Without a Panic. Dreams That Have Had No Realization. A THOROUGH AWAKENING. THE SWEET USES OF ADVERSITY. Gold as the Mere Abstract of Value, with Credit Obligations as the True Cirenlating Medium. GROWTH IN FINANCIAL THOUGHT. Aword spoken in season is frequently worth columns of rebuke, Now that we have reached the end, as we may term it, of this latest “panic,” it is worth while to “improve the occasion’’ while its memories are still iresh in men’s minds, to press homeward its teachings and its lessons, And first and most important of these, using the language of a strict definition, is that we have passeg through a great financial crisis without a panic, In other words, the recurring event of every ten years—’37, 47, '57 and in '67—but tided over by the greater event of the war and its con- sequent financial strategy, has been met boldly in 1873 and strangled in its incipiency. WE HAVE HAD NO PANIO, A crisis in our financial dealings has been met and passed without loss of confidence, without fear, largely without distrust. Here are growth, under- standing, increased knowledge, firmer self-relia- ance. The experimentalists of '37 and ’67 have be- come to-day the safe engineers in times of peril. The fresh thought of earlier days is now the ma- tured judgment of experience, and that which might have occasioned widespread disaster is turned to mere profit in instruction. Where are we to look for that profit? The question is simply answered. In seeking the causes of the suffering we have endured and applying the remedy there. The panic of 1837 was the result of overtrading on our part and a wild speculation in real estate, particularly in Western Canada, In the hopeful springtime of our nattonal existence, we over-discounted the promise of maturity. Dream- ing dreams, we fancied them realities and sought to turn them into currency until we overbore the market, when our dreams, vanishing for the time, left us “poor indeed,” In 1857 those same dreams, resurrected, assumed a currency form that played us the same trick of evanescence when brought to the test of practical applicability. Yesterday—for it is to be hoped we may speak in the past sense— was the thorough awakening. Dreams no longer took a material shape, and, being non-exchangeable jor currency, perished, to the loss only of their dreamers, Currency itself rather appeared inclined to assume a dreamy character, so intangible did it become in the daily transactions, ‘Thus IN COMPARING those three events do we sec not alone wherein we have gained, but that which we have yet to gain to be above such influence—in a wide sense, as a Wall street panic. In 1837, still a colony in its commercial relations, we suffered a reaction from the over-stimulation which our freedom, in @ political sense, had brought us. In 1857 too much coining of ideas into bank issues of currency precipi- tated the same result, when many of these ideas were demonstrated false. To-day the great press- ing, aching business needs of the country have had to bear the distress of an insufficient token in facilitating exchanges. In this summary are left out the new railroad enterprises, the incomplete char- acter of which precipitated the trouble through which we have just passed. The failures resulting therefrom were simply incidents upon the ficid of perplexity through which the non-elastic char- acter of our currency obliges us to pass every year. Thus have we TWO RECURRING CONDITIONS AFFECTING VALUES: @ period of redundancy, with inflation as a natural consequence and a period of stringency sometimes reaching an extréme, with its inevitable break-up. Our currency to-day, as it stands, is a great biess- bas Having for its basis a general credit which es the ere character of a pational en- dorsement, it is a currency of a free people seeking the widest latitude in their domestic exchanges, with a common faith in their chosen government. It is superior to gold, which is, after all, only an arbitrary token and has no comparative quality for our own use, and must eventually take its place in settling foreign exchan, when mutual conf- dence between the nations shall become as com- mon as that between the States of our Union, The advocates for a RESUMPTION OF SPECIE PAYMENTS, in Ing their peculiar theories, lose sight of the fact that specie itself is no more a fixed and de- terminate basis of value than anything else. A tixed currency went out with the iirst bill of ex- change, credit alike in respect to its personal as well as corporate claims being substituted, with the universal law of supply and demand to govern its issues. The earlier nations used brass, copper, iron and other metals out of which to coin their current tokens of value. Gold in this use only marked a later period of luxury. Credit, a com- mon human faith and confidence in one another, grew out of a larger intellectual and moral de- velopment. It is well perhaps to acknowledge Ley as @ present standard of material value, just as in our moral strivings we assume some point of excellence that shall enable us, by the Boo of comparison, to reach correct con- clusions, But with this standard acknowledged id becomes no longer a necessity of our daily usiness, nor in the resamption of specie payments is it wise to look tor a panacea for all our financial ills, Gold may never again in this country enter into common circulation, It ts not needer We have our national bank currency and our le; tenders, secured against all doubt and disfavor by the security of the pleage behind them, Resump- tion, if it were page might temporarily add to the volume of this bate in bringing gold into circulation at a time like this when the circulating medium of exchange requires expansion; but this would be only giving us ease for the hour, without Temoving the source of danger. WE NEED MORE CURRENCY; also we need a means of rendering our currency always productive, without the necessity of incur- ing too much risk. The plan subwitted in the HERALD before, of turning our debt to account by making government bonds exchangeable for cur- rency at the Treasury, interest on such bonds to cease while s0 pledged, but tore-enure upon re- demption by the party or institution so pledging them, deserves here further examination. Look- ing to the possible conversion of » portion of our debt into an irredeemable consol, much needed in this country as a solid, safe and endurable se- curity for the investment of trust 1unds, we have in this utilization of such consol in giving elasticity to our currency at once an excuse {or its issue and & means Of dissipating its burden. How much of the revulsion we have just ap through may have been resultant from the undoe strain put upon our national industries during the past few le 4 matter german us thought, ‘and out of these several 5 i ie ANSWERING CONDITIONS of a firm credit without an elastic currency, an overtaxed people, driven to the anticipation of their debt obligations, and the need of an endurin, safe trust fund, we may perhaps reach a soun conclusion. ie circulation of ideas upon this theme will help to a correct solution of the dimcul- ties that gin freee it, and if, through the event of the recent Wail street furry, we should reach a financial basis that will make us independent of such shocks as occasioned that and grew out of it, it will be a eh) experience. In no department of human se t has man stood still so persist- ently as upon the subject of finance. Content to accept certain maxims, whose title to attention was that merely of the original settler on a piece to the quiet possession of which by his descendants the mem of man ranneth not to the contrary, we have suffered A SQUATTER SOVERRIGNTY IN RESPECT TO VALUES to grow up in our minds to the exclusion of the genuine sovereign idea—convertibility. Before men had grown to an understanding of the use of paper, or trustful enough of one another, or pos- sessed the sacilities of transportation, gold became @ paramount medium of exchange; but now when the same gold may be sola in mdon and New York on the same day, without beatin it is self evident that something else has taken its place as p= medium, What is that? The answer is mple— OREDIT. With a larger share of confidence in one another we accept promises of value in the full satisfaction that the value of which these promises are repre- sentative exists and is held subject to their re- demption., We may even anticipate its existence in the assurance that such existence Is a foregone conclusion provided for by all possible human pro- Genitive ald and certain to occur in the natural order, The dagger in (his Ja ta be Lound in tha weakness of human judgment, where the projective becomes the concrete in a heated imagination and remote poenaeeies are accepted as accom, facts. ‘e bave met just such ee pets and con- quered it, No system can be devi that will lift us wholly above such eventualities, They are hu- man accidents, but we may limit their dafiger, and how to do this, in the great results accomplished in circumscribing this revulsion of 1873, and in the means used to that end, ao we find its lesson. Suspension of George B. Grinnell & Co. At the Stock Exchange yesterday the announce- ment of the suspension of George B. Grinnell & Co, was made, This firm, ike many others, had been making strenuous efforts of late to meet its obli- gations; but the diMcuity of negotiating loans and obtaining the wherewithal forced it to collapse. In the morning the firm was served with an order, issued by Judge Blatchford, of the United States Court in Bankruptcy, for them to show cause why they should not be declared involuntary bank- rupts. Mr. Henry Meyers, at whose petition the order was granted, was @ customer of the house and the payment of a balance to his credit was refused. Last July the firm, G. B. Grinnell, was dissolved, and a new firm, which was a special partnership, was formed under the name of George Bird Grinnell & Co, The parties composing the general partnership of G. B. Grinnell & Co, constituted the reformation of the partnership of George Bird Grinnell & Co., Mr. G+ B. Grinnell becoming the special partner. The order issued by Judge Blatchford for the firm to show cause why they should not be adjudged in- volun’ bankrupts is returnabie on the llth inst., andin the meantime all creditors of the flim are enjoined against selling any securities which may belong to the firm against which the proceedings are brought. It was not generally understood in the early part of the day exactly what the proceedings were, so that prices fell on the pap poainoy, that a suspension involved a forced sale of large amounts of stock. The Gov- erning Committee of the Stock Exchange held & meeting in the afternoon, at which Mr. Grinnell at- tended, but, Sone or the advice of his lawyer, de- clined to answer the questions put to him. There was & good deal of sympathy expressed for the difficulties of Mr. Grinnell, and the shylocks of the street, who have done their best to prevent the dissemination of the better feeling which is gain- ing grougd, and who have helped to press this and other firms to the wall, came in for some lively denunciation. The fourteenth section of the Bank- rupt law applies to the case, and there is probably no relief to the firm other than to be put in bank- ruptcy and have an assignee Bppcigted who will have the right to sell the securities. Other Suspended Firms. Fisk & Hatch are engaged in framing an arrange- ment for the resumption of business at the earliest day practicable. A.M. Kidder & Co., bankers, resume business to-day. Howes & Macy received yesterday an increased number of favorable responses to their circular, and they are satisfied their scheme for resumption is Le successfully. Paton Co., dry goods merchants, who sus- pended on Wednesday, expect to resume business soon, and believe their creditors will willingly grant them an extension. The Stock Exchange. Yesterday afternoon G. B. Grinnell and J. C. Wil- liams were suspended from membership of the Stock Exchange by action of the Governing Com- littee for not complying with the rules, A DRY GOODS FAILURE. Suspension of the Oldest Importing House in the City—Statement of the Firm—The Effect of the Past Panic on the Dry Goods Trade. The announcement that Paton & Co., of No, 341 Broadway, the oldest dry goods importers in ‘the city of New York, had suspended payments created guite a sensation in Wall street and in commercial circles yesterday morning. The failure was the sole topic ;of discussion among the employés in the large dry goods houses along Broadway. A HERALD reporter called at the Broadway house yesterday afternoon, and was introduced to Mr. Agneau, & member of the firm, In reply to the question as to whether the report that the firm had really suspended was really true Mr. Agneau replied :— “Yes, it is, unfortunately, true that we hava been obliged to suspend payments temporarily.” “Might I ask what was the cause?” continued the reporter. “Well, the remote cause,” replied Mr. Agneau, “was of course the tightness of the money market and this unfortunate panic, which rendered it im- possible for us to get money to meet our engage- ments.” “Was there any special cause which compelled you to suspend just now?” “Yes; we were not able to negotiate our bills receivable from our customers on the street or in the banks,” “What are these bills receivable?” “You know our customers pay us for our goods in drafts, which are endorsed by us. These we were not able to negotiate; yet, strange to say, the banks have always preferred to take those bills receivable from dry goods houses rather than bonds—ratlroad bonds, for instance.” “What was the dificuity in your case, then ?? asked the reporter. “Our bills were spread over a very large area. We have been endeavoring to have these bills ne- fee for some weeks back, but to no avail, and in the end we thought it better to suspend tem- porarily until this crisis in the money market had passed away. However, as you see, our house is open to-day. We are selling goods and we are receiving orders and executing them, notwith- stan ‘our suspension. We have had letters of sympathy from all over the couutry.” “1 understood that your house was purely an im- porting howe and that your difficulty arose from than ability to meet your impost duties and “No; we have bought in this market also, and houses to whom we owe as much as $40,000 have offered to continue sales to us until the difficulty is tided over.” “Now, might I ask, what, in your opinion, will be the general effect of the past panic on the dry goods trade generally ?”’ asked the reporter. “Woll, of course, you cannot argue (rom the sus- pension of our house to the general trade,’’ re- plied Mr, Agneau very frankly, “Our business amounted to about $4,500,000 yearly, Of course the suspension of such a business would not argue any weakness in such houses as A. T. Stewart, Jaifray & Co. and others, whose business amounts yearly to between $20,000,000 and $30,000,000. However, [do not well see how small houses in the dry goods trade can stand it eventually. The effect on them must be pretty serious before we are through with this in my opinion.” The house of Paton & Co, was open for business, and nobody would imagine that they had tem- porarily suspended payments. In reply to a question from the reporter Mr. Agneau stated that the house of Paton & Co, was the oldest importing house in the city and was established in 1783, THE PITTSBURG FAILURES. Meeting of the Creditors of James In Brady & Co.—A Settlement Effected with the Security Trast Company— Poor Prospects for the Creditors. Prrtspure, Pa., Oct. 2, 1873. A meeting of creditors of James L. Brady & Co., bankers, who suspended some weeks ago was held to-day, Mr. Brady was not present, having left last night for New York with the intention of opening & broker's office in Wall street, but was represented by his counsel, A written statement of the affairs of the firm, prepared by Mr. Braay, was presented by his counsel, irom which it appears that the total assets of James L, Brady & Co, are $271,000 and the total liabilities $432,000, making liabilities $101,000 more than the assets, The amount dve individuat depositors was reported at $190,000. Several propo~ sitions were submitted in the way of settlement to creditors present, whieh consisted of clergymen, merchants, Workingmen and a number of womens whose appearance indicated a life of unremitting toll, Brady & Co, owed the Security Trust Com- pany, which closed its doors immediately after the failure of the former, something like $162,000, and a settlement ‘was effected with that company, yesterday by Mr, Brady giving noves for the full amount, with interest, ab nine, fi/teen, twenty, twenty-five and thirty months, with: fen- hesseo ands and Cincinnati and Great Northern Railroad bonds as security, Mr. Brady owns per- sonally twenty-th: thousand acres of land in Tennessee and ds of Cincinnatl and Great Northern Railroad te the value of nearly $400,000, itis said, and he paid his indebtedness to the Security Trust Company with these private prop- erties as security. Asettloment with creditors was made on the same basis as with the Security Trust Mtg se Whether the Tennessee lands or railroad bonds are securities of any recognized standing or not ta not very apparent; but, whether they are valuable or not, the r creditors had but little choice in the matter, It Was queried at the meeting why Mr. Brady did not make an assignment, while several who were present were not backward in anouncing thetr i shave Brady UNLV,