The New York Herald Newspaper, February 21, 1874, Page 3

WASHINGTON. The Game of Finance Ap- preaching the End. LIMITED INFLATION. Four Hundred Millions the Vol- ume of the Currency. The Great Struggle to Come on the Question of Redistribution. THE INDIAN BILL. Events of the Financial Debate in the mate=The Acceptance of the Limita- tion of the Currency to $400,000,000— Dubious Feeling on Both sides as to ‘Whose Is the Victory. ‘The Senate added another interesting day to its Proceedings in the discussion of the finance ques- Won, 8o far as relates to the contest on the main Proposition of inflation, which has invested it with 80 much tmportance, the Rubicon is passed. The ‘Voting to-day gave a slight and, perbapa, event- Wally @ fruitful victory to the Soutn and West in their efforta to aecure more abundant currency circulation, and to-day the temporary triumph of the anti-inflationiats was reversed in the bare carrying of the amendment of Senator Mer” Timon, providing for a $46,000,000 increase of the currency. At the opening movement of the ‘contending forces upon the works of each other, @ rattling fire was delivered. The motion was made to reconsider the vote whereby the amend- ‘ment of Senator Cooper was yesterday inadver- tently carried by a viva voce vote, which provided ‘for the convertibility of United States Treasury notes into gold coin or five per cent bonds of the United States, and also for free banking under the provisions of the National Bank act. The question of reconsideration again opened the Roodgates of financial oratory, and the debate took the same course as yesterday. Preparatory to the ‘vote Senator Ferry, of Michigan, who is a vigor- us debater, with youthful fire and vigor, led off. He was followed by Senator Merrimon, and ‘he in tarn by Senator Schurz, until it came to the Vigorous and unyielding Senator Conkling, who has kept out of the debate and has reserved his ‘vote on every test until the last. He was, jor this reason, unkindly spoken of as being a weather- cock by some Officials who were discussing the Gnances in the lobby ofa hotel last evening. In bis measured style of enunciation, faultlessly at- tired and of commanding appearance, he gave a clear and logical explanation of his idea of the course and fluctuations of the finances as they affected the circula- ‘tion and the Treasury Department and as ‘they relatea to a healthy and substantial condition, Senators Morton and Sherman con- tinued the discussion briefy until Senator Cam- eron, who has been a most attentive observer ‘throughout, took the floor in his best vein of argument, Smarting under the defeat of his amendment yesterday, he attackea the “hard cash” resumptionists and made a strong presenta- ‘tion of reasons for more abundant circulation in offset to the positivism of Sepatur Conkling, who, although he made a strong impression by his physi- 4) gesticulation and strongly put arguments, did Mot influence the dissenting vote an iota. Random Webate then occurred, in which Senators Logan, Ferry, of Connecticut, Sherman, Allison, Morrill, of Maine, and Ferry, of Michigan, who protested ‘against the resolution in any event going to the committee without instruction, as they were avowedly opposed to expansion. The events of mhe duy were speeches irom Senators Merrimon ‘and Gordon, the former of whom went over an ex- hhaustive analyais of the modus operands of bank- Ang and the influence which expansion would have upon it. Senator Gordon made one of his best esorte in favor oj increase of circulation, and vig- erously attacked, in bis trenchant style, the anti- dnflationiats. He gave some unsparing home three to the bankers as a body which he char- actefized as a monopoly that should perish. ‘He assailed the arguments of Senator Conkling ‘with unrelenting severity, and with some very pretty imagery closed his excoriations of the ac- cumulated money influences, asserting that the Jaboring and industrial classes had drawn the sword against the bankers’ monopoly, and would Not sheathe 1t until it was destroyed. He evidently haa no love for the Eastern concentrated capital dnfiuences, and would like very much to see them ‘ignored. Senator Ferry, of Connecticut, attempted to bring the discussion to aciose by moving that ‘the original bill and amendment be laid upon the table, which was lost, Senator Stewart then made s “hard cash’ appeal, which drew from Senator Cameron a rejoinder that it was @ reproach to the country that the arguments mused by the anti-inflationists should be made in Senate. A vote on the motion to reconsider the amendment of Senator Cooper was then called for, and it was carried, the “‘yea®’ being 82 and the “nays” 23, and the amendment was defeated. The question then recurred on the amendment of Sen- ‘ator Merrimon to the motion to recommit the bill offered by Senator Sherman as Chairman of the Finance Committee, which amendment 1s to the fect of adding an increase of $46,000,000 to the Circulation of national banks, so that the ‘whole volume shall not exceed $400,000,000, ‘This amendment was adopted by an afiirma- tive vote of 28 “yeas” to 256 “nays,” which ‘Was greeted with quiet satisfaction by the infla- tionists and with some chagrin by the opposition. ‘The result was evidently not expected by them, Nor hoped for with any sanguine feeling by those Savoring expansion; but the Senate were disposed ‘to have it ont, and either side was prepared fora @ecisive vote, one way or the other. Senator Conkling, not less than Senators Schurz and Sber- Man, was disappointed. This is the first progress made by the expansionists in the Senate, and no doubt it will be followed up energetically, and ‘their ranks will receive some additional strength. ‘The “hard cash” men have made a splendid fight all through. The powerful advocacy and respectable constituency which their cause has had have left mo efforts unemployed to secure the success of their opinions in action, The closeness of the voting gives neither side much to deplore or re- joice over. The contest is not all over yet, by any means. Senator Schurz, who has been the per- sistent teazer of all the ‘more money” advocates, ‘while they discussed the question from time to time, gave notice that he wanted to speak at Jength on thissubject. It is getting to be seriously asked whether the views of all the specie resump- tioniste are conceived in a spirit of unselfish devo- tion to the best interests of the country and are in Keeping with the views of the majority of their constituents, or simply with the expressed desires of the great banking influences, who, of courge, are not disinterested in the disposition which will be made of the finances, One thing is remark- sble. All the rich men, and the oldest as well as the most respectable members of the Senate, are im favor of specie resumption and inflation, while it is nocorious that many of them made their money and interests in large industrial as well a8 commercial and mining interests during the time 01 @ great abundance ot money, if not directly Owing to that stare of the finances. Prominent exceptions to this are Senators Cameron, Bogy and Sprague, in whom the mining and the manu- facturing classes find advocates ot their neces- sities, To these may be added Senators Logan and Gordon, whose spirit is evidenced by their speeches on this question. To-morrow will decide upon recommitting the resolution of Senator Sherman to the Finance Committee, with instructions, The New Trade Dollar Disp Coin in China—The Demand for It ) Stendily Increasing. ‘ fhe demand for the trade dollar for export to ‘China continues to increase, $227,000 of that coin Paving been shipped som Sau Francisco from the NEW YORK HERALD, SATURDAY, FEBRUARY 21, 1874.—TRIPLE SHEET. ~% Ist to the 16tn of the present montb, against the coinage at the mint in shat city during the same time of $267,000—the demand being in excess of the supply. The successful introduction of this coin inte China 18 working (important commercial changes. San Francise@ merchants and bankers have instructed thetr correspondents tn Mexico to send them gold instead of Mexican dollars as bere- tofore. Within a few Gays & deposit of gold leaf, made in Hong Kong, weighing 1,200 ounces, was made at the san Franciaee Mint, and indicates the displacement of English and American gold coing now in China by the tr@e dollar. The Director of the Mint is of the opinion that if the appropriations were suMcient to ron the mints to their fui) city, without which the existing demand cannos be met, and the gold coinage charge abrogated, the bullion and coinage operations of this country, which have been very Jargely increased during vhe past ten months, would be still further and permanently augmented and would be followed by many advantages to the public interests, p Provist: of the Forthcoming Indian Bill—New Powers for the Commission= ers—Successful Economy. ‘The Indian bill was nearly completed this morn- ing by the House Committee on Appropriations. It will be reported early next week by Judge Loughridge, who is spésially charged with its preparation. The bill will provide very radical changes in the organization of the Indian service and in the disbursement of moneys, and, besides, it will make an actual saving of $1,600,000 in the aggregate cost of the service, The bill abolisnes all superintendents of Indian sffairs except the one for the Indian Territory, It also abolishes eleven agents of Indian affairs, eleven interpreters and a number of teachers, farmers, | blacksmiths, engineers and other employés of doubtful usefulness, The committee have also de- clded that where the interpreter is farmer also the ofice shall be aboliahed. The committee have avundant evidence to show that in many instances where charges are. made ior interpre tors there 18 no such person employed, but that the agent has a son appointed to the place, who draws the pay but does no work, the agent securing the services of an Indian. This same nepotism has been carried so far a8 to combine several offices for the benefit of the same class of appointees. There has been @ very thorough weed- ing out of the personnel of the ser- vice, and the committee are of the opin- fon that all supernumerary offices have been abolished. Another very important feature of the bill will be the investing of the Indian Commis- sioners with absolute power in the matter of Gon- sidering and settling claims, which includes also the investigation of all vouchers for supplies, or other disbursements. This will take the supreme supervisory power at present exercised by the Sec- retary of the Interior entirely out of the jurisdic- tion of that officer and the Indian Commissioner. At present all contracta for Indian supplies must be made by the Commissioner in connection with the Commission. It is now the custom to turn all matters of Indian claims over to clerks, who pre- pare an opinion as to their merits and justice, and Teport, The committee are satisNed that these opinons are infuenced by various means. The Secretary has overruled the Commissioners and bas caused large outlays in the settlement of questionabie claims, taking the statementa of subordinates as the basis of his action. The pro- visions of the bill will accord to dissatiafiea parties the right of appeal from the decision of the Com- missioners to Congress. The evidence before the committee shows, that the Indian Commissioners are contracting for supplies at lower rates than known for years. For instance, the cost of flour in Montana for the Blackfeet has been as follows :— In 1871, from $10 25 to $12; in 1872, $4 60 to $5 75, and im 1873, $3. For beef, the amount paid in 1871 was $4 per 100 pounds; in-1872, $8, and in 1873, $2 35. For the-Black{eet, Crows and Milk River Indians the flour of this year will cost $111,900, and last year it cost $177,400. At the rate uf 1871 it would cost $306,687. In the number of contracts there is also a great difference. Formerly these were awarded to four or five per- sons, who monopolized the entire pasiness of feeding the Indians and conveiilently controlled all swindling operations. At present there are fifty-seven contracts, thas giving rise to healthy competition. ' The forthcoming Indian bill will be one of the most important intreduced in Con gress fur some years. It is believed that the bill foreshadows a m@ement to abolish the office of Indian Commissioner. Are Indians Citizenst—Decision of Supreme Court of New Mexico—The Best Policy For Both Whites and Reds. ? The decision of the Supreme Court of New Mex- ico that the Pueblos Indrans of that Territory are citizens may bring up the Indian question ina new shape. The Mexican government at no time Tecognized an Indian title to the soil except where the title had been granted, but treated the Ind- dians merely as a peculiar class of citizens. By the treaty of 1848 all citizens of the Territories transferred were entitled to all the privileges and righte which they possessed under the Mexican government. The Court therefore decided that all the Indians within the Territories acquired by the United States are, by virtue of such treaty, citizens of the United States. The Puebios Indians, in whose favor this decision was given, number, ac- cording to the reports of the Indian bureau, about 8,000, They live in villages, cultivate the soil, and are said to be remarkable for sobriety, industry and docility, as having but few wants, and simple and moral in their lives, There are some nineteen villages of them. ‘They can scarcely be considered as Indians, and but for the reserva- tions patented to these bands in confirmation of ancient Spanish grants they might be considered part of the ordinary population of the country. Chief Justice Slough, of New Mexico, in 1867 gave an opinion to the same effect. Mr. Rainey, the colered member of the Committee on Indian Af- fairs, is said to be preparing a speech on the sub- Ject, in which he will take the broad ground that the Indians are citizens of the United States and cannot be considered or treated other- wise, This opinion, it is well known, 18 entertained by many members. They say that our whole system of managing the Indians has been wrong from the foundation of the govern- ment; that treating with the Indians as a separate sovereignty within our own is an absurdity, and has been the cause of ail our troubie with them, The only way to do is to recognize them as a class of pauper citizens, amenable to our laws and punish- able for their offences, as are other citizens, Shoulda this view of the case prevail the whole ays- tem of agencies may be abolished, and the Indians lett to take care of themselves. Many of those who have had most experience witn these people seem to think that this ta the only way the Indians can be taught civilization, Give them a fair start in cattle and farming utensila and let them know that they cannot be any longer vagabonds, de- pending upon the Great Father, but, luke the white man, must work.or starve. Printing of Bills Before Approval by the President—A Safeguard Against Errors in the Text of Statues, In the earlier part of the session to-day the Senate very seriously considered the fact of an error having crept into the written and printed copies of the bill recently passed exempting fruit plants from duty, The text had been made to Tread by the addition of an to the word fruit, as if the act removed the duty from all froits imported. No satisfactory explanation was given of the fact. Previoug to the taking up of the financial debate, Mr. Sum- ner introduced a resolution, suggested in the dis- cussion which was had on this subject, instructing the Committee on Enrolled Bills to inquire into the expediency of superseding the present use of parchment in the last stage of a bill and providing that when it is presented to the President for ap- proyal it shall be correctly printed, and so pre- served in the Department of State. The resoiu- tion was agreed to, The Conflict of Federal and te Power in Utah. The House Committee on Territories ha@/tnder consideration a bill relative to the acts passed by the Legislative Assembly of Utah, by which federal laws relative to judicial proceedings in that Terri- tory are practically nullified, A law of Congress requites copies of all Territorial legislative acts to be submitted to Congress for assent or disap- Proval. No action having been taken by Congress on the Utah land laws they remain in Operation, and this is in accordance with a de- cision of the United States Supreme Court. The object of the committee ts to repeal all the laws of Utah confiicting with federai jurisdiction, and these comprise a very long list. The committee wid) not be called upon for reports in three or four Weeks to come. The Case of Fits John Porter—Proposed Removal of the Ban of Scerecy trom the Military Court. In the Senate to-day Mr. Chandler introduced a joint resolution relieving the members of the Mili- tary Court which tried Fitz Jonn Porter, in 1862, from the. obligations of the oath which they took Not to disclose the vote or opinion of any member thereof, He asked its immediate consideration, but on the objection of Mr, Ferry, of Connecticut, intimated that he would call it up to-morrow. THE CURRENCY DEBATE. Cooper’s Substitute tor Mersimon’s Amendment of the Finance Bill Ke- considered and Rejected—Merrimon’s Amendment Accepted Limiting the Volume of Circulation to $400,000,000— Protests Against Inflation. ‘WasHINGTON, Feb. 20, 1874, In the Senate to-day Mr. Logan, (rep.) of Ti, said that yesterday morning when the Chairman of the Finance Committee pre- sented a petition of bankers and merchants of Tilinois protesting against any increase in the volume of the currency, he supposea it was signed by many whose names he had noticed in the newspapers who were the first to close their doors. Subsequently he went to the committee room and examined the petition, when he found that’ the names he referred to were not attached toit, Ashe did not desire to do injustice to any one he made this statement—the petition being signed by respectable business men. Mr. Scott, of Pennsylvania, presented a petition of bankers and merchants of Philadelphia against any increase in the volume of the currency, andin favor of a speedy return to specie payments. Re- ferred to the Committee on Finance, Mr. ConKLING, of New York, introduced a bill amendatory of the act to ensorce the rights of citi- zens of the United States to votein the several States of the Union. Referred to the Committee on the Judictary. THE FINANCE DEBATE AGAIN. The morning hour having expired the Senate Yesamed the consideration of the Financial bill, the pending motion being to reconsider the vote of yesterday by which the substitute of Mr. Cooper, of Tennessee, was adopted, Mr. MERRIMON, (dem.) Of N.0., Said he was op- posed to recommitting the bill because it was weil ‘mown that the committee was against any in- crease in the currency, Therefore he desired to have the committee instructed as he proposed. ir, CONKLING said the instructions (A sai oe by the gentleman from Tennessee (Mr.. Cooper) amounted 10 nothing, being for either contraction or eXpansion, depending entirely upon what should become of. United States notes in the end, and in that respect the instructions were wholly silent. He favored the whole subject being re- committed without any instructions, leaving the committee iree to bring in the best bill they could. ‘THE PANIO NOT OVER. Mr. Cameron, (rep.) of Pa.. said the country needed help. The paniowas not over. No doubt ta New York there was plenty of money in the hands of the money changers, but in the country, among business wen and larmers and men who toiled for their ving, it was scarce. If this Congress ad- journed without perfecting some measure of relief ‘the, distress to follow would be greater than that of last automn, Mr. Logan (rep.) presented a petition signed by 1,000 business men of Chicago for au increase of the ‘volame of paper currency. He said it represented all Classes except the large bankers, and none of them had signed 1%, Referred to tne Committee on nce. Mr. MORRILL, (rep.), of Me., said tnat day after day and week alter week gentlemen here had aired their opinions on finance, to the exclusion of other business, retterating and restating their theories. He had listened to this debate until nis brain had become so muddled that he had prayed 40 heaven to have some relief, (! inter.) At the end of two months, aiter all this diversity of opinion, the. Senate must ree that nothing could be reached here, and therefore the matter should be sent back to the committee, which could form some nucicus at least ior tl Senate to act upon, He opposed any instructions to the committee, and thought, 11 they be left untrammelied, they would report a measore far more satisiactory to the whole country. He appealed to the Senate to cease this struggie on the question of finance and let the committee nave the bill. Mr. GorDON, (dem.) of Ga., said he did not think the Senate had been laboring in vain. The Sena- tor irom Maine (Mr. Morrill) thought it would be more satisiactory to trust the whole subject to the committee. No doubt he thought 80, four-fifths of the committee being of his way of thinking. Tnere were but two members of that committee not in favor of contraction. He (mr. Gordon) believed that in the multitude of counsel there was wis- dom, The Finance Committee did not represent either the wishes or the best interests of the country. Rather than give a vote on this floor to rpetuate upon his peopie the yoke they now wear ie would see his right band wither at his side. ‘the national banks made twenty-five per cent ,er annum out of the toil and labor of the country, and it was no way to get out oi the difl- culty by increasing these banks. He did not think the producers of his section would agree with the Senator trom North Carolina (Mr. Merrimon) that he would not go in and help strike down this monster, the national banking system. He ad- mouished Senators who heard the vuice of the banks and turned a deaf ear to the demand of the producing classes of the country that it ‘Was & mistake to suppose this question coulda ‘be settled im opposition to the demand of the laboring classes. shay. had drawn the sword on tnis question irrespective of party feel- ing, and ure as the old ieudal power was broken so gure would the producing classes of the United States unite and rise as one man to de- mand that this monopoly be broken, He hoped the motion to reconsider would prevail. MOTION TO LAY ON TABLE, Mr. Ferry, (rep.) of Conn., moved to lay the bill and all amendments on the table. Lost— yeas 17, nays 36, PAPER WILL NOT PAY DEBTS. Mr. STEWART, (rep.) of Nev., said the experi- ment of issuing irredeemabie paper currency had been tried by many countries, and always con- demned. The nation could not pay its debts with Paper, and he did not propore to pay our bonds by starting a printing press, but would pay them in guid, It had been said we coula not get enough goid, but he denied this, Forty millions of people would get all the gold necessary. It had been legislated out of the .country, but with the prod- ucts of the mines and the evergies of our people CT is gold would soon be accumulated. He h that iegisiation would not be further in the tion of dishonesty, but would come back to the true principle. Mr. BOREMAN, (rep.) at @ quarter past four P. M., moved that the senate proceed to the considera- tion of executive business, Mr. SHERMAN, (rep.) called for the yeas and nay: and gave notice that he would call for the yeas an nays on every proposition. , Mr. BOREMAN withdrew his motion. COOPER'S AMENDMENT REJBCTED, The question then recurred on the motion to reconsider the vote by which the substitute of Mr. Cooper was adopted yesterday, and it was recon- sidered (yeas 31, nays 23) as iollows:— Yxs—Messrs. Allison, Bogy, Boreman, Boutwell, Cam- eron, Clayton, Conover, rerty of Michigan, Goithwalte, Gordon, Hager, Harvey, Hitchcock, Howe, an, McCreery, Merrimon, Mitchel Oglesby, ‘son, Pease, Pratt, Ramsey, Robertson, Spencer, Sprague, 1ipton and West—3L. ‘Nayvs—Mesars. Anthony, Buckingnam, Chandler, Conk- ling, Cooper, Oragin, Davis, Fenton, Ferry of Cohnecti- gent, Sohurs, veou, Sherman, Stevenson, Siewurt, Sock. je Wurz, SCOuy &: nso: Wi , fon, Bamner'and Wadieigh—us. § Mr. Caoper’s amendment was then rejected, MERKIMON’S AMENDMENT ADOPTED. Tne question recurring upon Mr. Merrim lortun, Norwood, on’s amendment it was adopted by yeas 28 to 3 25, a8 1ollows:— Y¥xas—Mesers. Allison, (y, Boreman, Cameron, Clay- ton, Conover, Ferry, of Michigan, Guluthwaite, Harvey, Mitchoock, Howe, Johnston, Logan, McCreery, Merri: on, Mitchell, Morton, Norwood, Oglesby, Patterson, ase, Pratt, Ram Spencer, 6 ue, Tipton and Westaai vine hie papnghagrod javs—Messre, Anthony, Boutwell, Buckingham, Chan- ler, Conkling, Sooper, ‘Gragin, javia, Fenton, Ferry, of necti @ jer, Hamun, Jones, K Morrili, of bar ate pohurg, ‘Sco ‘Shermain, Stevenson, 5 , Bt ton, Sumner and Wadleigh—25. Messrs. Carpenter, Gordon, Wright and Ransom, who would have voted for the amendment, were paired with Messrs. Frelinghuysen, Bayard, Mor- a § phot part) aud Saulsbury, who would have rimon’s amendment, as adopted, in- committee to. report a8 soon as practi- cable @ bill providing ior the increase of na- tional bauk circulation, so that the whole volume thereof shall not exceed 400,000, 000. Mr. Davis, (dem.) of W, Va., moved an amendment instructing the committee to report so as to pro- vide for iree banking under the present National Bank law. Rejected without discusmon, The question then recurred on Mr. Backingham’s Morton to recommit. Mr, CAMERON moved that the Senate proceed to the consideration 0! executive business. Mr. ANTHONY moved to adjourn. Lost—yeas 16, Days 30, ar. SonuRz said he desired to speak at length on the financial question, The question ten recurred on Mr. Oameron’s eo Jor aD executive session, and it Was sareed Johnston, | SWINDLED SPECULATORS. An Important Investigation Practically Aban- doned—Meeting of the Sub-Committes of the Governors of the Stock Exchanze Yester- @ay—The Charm of a “Reward” to Detectives—Important Report To Be Submitted To-Day— Statements of Governors. Contrary to general expectations, the detectives detailed from Police Headquarters to Wall street did not make an arrest yesterday in connection with the forgeries which were perpetrated on Western Union and Wabash, Toledo and Western Railway Companies’ stock in the early portion of the week. ‘The positive asser- tion made on Thursday that some wonderful developments would be made during the day yes- terday caused general disappointment, to judge by THE GOSSIP OF THE STREET. The general feeling seems to be that to get the ‘Vidocgs to work it is necessary, as a conditio sine qua non, to offer a large reward, at least $10,000, and up to the present, unfortunately, as prominent men say, for the interest of the Stock Exchange, no such reward has been offered. The same men who express their regret that no inducement has been offered by the sub-committee appointed by the Governing Committee to investigate the swindle for the detection of the perpetrators appear to be VERY MUCH INDIGNANT that the detectives with the clews, which they must be in possession of, have, up to the present time, failed to work up the case to a satisfactory con- clusion, One well kuown gentieman, a member of the Governing Committee, went so far as to say to & HERALD reporter, “We cannot possibly trace this fraud up to the originators, The detectives willbe bought up by the perpetrators, and that will be the end of the matter. We must give it up.” A HERALD reporter subsequently saw a promi. Bent detective, and asked him if any arrests had been made, “No; there were no arrests,’? “Are you on the track of anybody?” “No; not on the track of anybody.” “Has @ reward been offered for the perpetrators of the swindle?” “No; no reward that I know of ?” “If @ reward were offered do you think that the seni could be discovered?’ hazarded the re- porter. “It may result in getting some of the small fry who made money over the swindle, to get iniorma- tion and compromise with the District Attorney, if there was more than one in the business.” “Could they be indicted for any definite crime f” “Yes, for conspiracy to deiraud.” And the detective went: away, not, to all ap- pearanoes ‘as it he was working that particular case ap. Late in the afternoon the report spread in Wall street that the sub-committee appointed to inves- tigate this matter had agreed to report that thetr labor would be purely @ labor of love, and that they could not hope to trace the swindle to its originators, Areporter subsequently sought out Mr. McKay—not the individual who made $7,000, according to his own statement, on the reading of the forged letters—but another gontleman of the same name, who is a member of the Governing Committee of the Stock Exchange, and asked him if it were true that the further investigation of the swindle had been given up. He saia “Yes it had; we have failed to discover tne per- petrators.”” The reporter then called on Mr. Denny, of No. 43 Wail street, also a member of the Governing Com- ‘mittee, and it was said @ member of the sub-com- fpr) who was appointed to investigate the matter. “Have your committee given up altogether the investigation of this recent forgery, Mr. Denny?” asked the reporter. “Well, not altogether, I believe,” said Mr. Denny, “but I know they find great dificulty in traciig the matter up. Ido not know that they have given up the search, though.” It 18 said on the best authority that the sub-com- mittee, after their meeting yesterday, decided to report to the Governing Committee of the Stock Exchange to-morrow that they have failed to dis- cover the originators of the traud, that there is no likelihood of success, and there, probably, the mat- ter will end, notwithstanding tie indignant teel- ing on the street. it Was said on the street yesterday that the re- putation ot the New York Stack Exchange could not be affected abroad by this swindle, as it was upon two stocks wuich are not quoted in foreign markets, This was Susan the view of gentle- men whose views bounded by Wall street, Broadway, Broad street and Exchange place, and whose financial theatre is the New York Stock Ex- change in ita most limited sense. PLYMOUTH LECLURE ROOM. Mr. Beecher’s Views of the Effort to Sup- press Drinking—Organization Through tne Aid of Churches. Plymouth Jecture room was crowded as usual last evening. Aiter the usual gervices, Mr. Beecher sald :— We see in nature two modes of action—one the gradual, steadiast motion; the other a kind of cumactertc motion. So we have nightly dews and gentie rain, amd on the other hand mighty Outbreaks, r both admirable; it would not not be enough to have the gentle intiuences alone, and it certainly would not ve de- sirable to have perpetual atorm, and so the ordi- Dary mode in nature is what may be calied the miet one, and tbe occasional one the tempestuous, Shere seems something l1ke this in human society, be the ordiuary, and just as little question that at times comes natural upliitings to a higher scale. We have a remarkable instance now going on in the West in the effort to suppress drinking. I don’t know as nieny will show its parallel in the past, and don’t know that anything was ever more needed than the suppres. gion of dram drinking, considering taat there are other things worse in the specialty, but not go uni- versal; and this dram drinking is the scourge of the housenold, and it comes with special weight on women, a8 being least abie to take care of themselves. It is a Kind of evil that bas defled legislation; we have made laws restricting it, and we have lost in some respects and gained in others; and now, under the providence of God, there has aren 4 MORAL CYCLONE, perfect tempest o1 influence. It is one of the fruits of the agitation o! the question of woman's righta. I never have troubled you much on this subject, though I am devoted frst, midule and last to the cause of raising woman,’ aud she is coming on a line of equality. People say, 7 have you gained by it? Tnis movement er could have taken place only for the agitation of ‘this question. Iam not sure but weare going to have this whirlwind come here and cnange the creed of those who do not believe in women’s speaking. So much moral power as belongs to a woman HAS A RIGHT TO BE HEARD even in other places than tne housenold, It ts true the pi@@e ior the candle ig m the candlestick and the piece to shed its light isin the room; but ii the window be open shail the light not go out to giad- den some poor wayiarer? So woman’s place first 18 in her family, but 1 she has no family is she to stand im everlasting waiting? is she to bea gun forever loaded and never fired off? el dD) ‘The first sphere we admit to be the housenoid, and when in the household her domestic rela- tions require her to be public, has she nota Tight to be so? It is all Phariseeism, It is con- ceded that a woman may say all she wants to, but she must not say it with her tongue; she may say what she Will in the house, but she must not say it outside. 1 tell you if Dante had lived in our ume among the punishments he would have invented Jor tee damned he would have thought of a sen- sitive, pure, proud, high-strung nature, beguiicd witn the semblance o1 love into wedlock, see her idol turn into ~~ @nd be voliged to spend her life with @ fend, & hog, week aiter week, month after month, year after year. I tell ou there is no other hell needed. You can’t Ins ine suffering greater than th: Have whey no rignt to deairon. tbe destroyer? ‘Tnia was not & plan thought of beforehand, it came by inspira- tion. There never was a thing more noble than this. Everybody cught to pray that there shail be great good done. l observe that all great, unac- cusfomed Movements, acting from entnusiasm, die away. 1t 18 @ certain kind of BXAGGBRATED FAITH, that sees no obstacles, but all this power tends to be excessive and exhaustive. Now it is a great pity that this power could not be economized, and vast a longer length of time. 1am afraid it will be like @ fire on the prairie, burn away and leave no sign. It ts diferent with revivals of religion (in which I most heartily believe), philosophers may criticise a8 much as they please, but at the bottom there is philosophy in @ true re- vival of religion, The divine influence rolls through ® community and spends it- sell, but while the sparks are gone, the embers are lett, to make provision fur another blaze. Now, take arevival among women, it has nothil vehind it; 1tis much like the prairie fire, 1 greatly fear; for want of some organization It be like the aurora light, unless it be trans- ferred. If it could be put into churches then you will have associated it with great permanent re- Higious MO and I think 1 much tobe desired that such @ movement should be associated with churches, But there is another point to be considered—the right of women to pray down @ man’s liguor, The question ig this—Have women who have mothers’ ; Bee for somperance is John hearts in them, sisters’ hearts in them—have they not aright to beseech, with all entreaty, to lay aside the infamous trafic ? You must not su the evil is going to be stopped ; it never wil be, an , 8; you hav fight man by man. Whether tt & Sire BENIGN INFLUENCE will come hither I cannotaay, If done, it must be done irom the soul. We must not doit here be- cause they are doing it out West. But you can’t labor for it Without laboring for a revival of re- Baptist and aiter Beyond all question the moderate 18 appointed to | | signatures to ee ART MATTERS. — Mr. W. S. Hascitine, Mr, William 8. Haseltine, who for many years past has been residing in Rome, has recently re- turned to this city with the intention of remaining certainly for some months, possibly as a perma- nent thing. He occupies a very anug little stadio at No, 103 East Fifteenth street, where may be seen a@ dozen completed pictures and several dozen studies brought with him from Italy. ‘The pictures are ali oil paintings and most of them are Ita'ian in subject, and one or two draw their inspiration from the island of Sicily. Mr. Haseltine won reputation some years ago by his excellent reproduction of some of the atinospheric and geological characteristics of the New England coast, and among these achievements “Indian Rock, Narragansett,” and “Castle Rock, Nahant,” in the possession of Mr. John Taylor Johnston, ana “Seconet Point,” owned by Mr. R, M. Olyphant, were, pernaps, the most successfal. Durin his prolonged studies abroad he has ere force aud fidelity in his delineation of rocks and crags, a point in which he was always strong, and has developed a fresh and charming sptitude for sv adjusting the accessories of a landscape as to make them an expression of mental emotion in the artist rather than the mere portrait of a scene. This is ully evinced in the dozen completed pio- tures that adorn his studio. Oue of the most care- fully elavorated of them represents @ scene on the eastern coast of Sicily, between Meseina ana Catania, showing the ruins of the Teatro Taor- mina, near the town of thas name. The edifice was Roman, founded upon the fragments of @ Greek theatre, The skull of the artist ig princi- eps shown in contrasting the melancholy tradi- ons of the spot with that sense of joyous yet serene activity which broad view of the mediter- Tanean gives, as her blue waves ti Pie in the sun- set and pear onWard steamers and sailmg vessels through the pass that separates Calabria and Sicily, The golden blush of sunset is on the mte- rior of one of the crumbling waiis, and the shadows melt and lose them- selves among the splintered shafts and broken columns, Another picture gives a view oF the Campagna and the Torre di Schiavi or Tower Of Slaves. In painting the Campagna one of the chief dificulties arises irom the simplicity of the theme and the absence of ove or two accessories that are beg ly i to be necessary to pic- turesqueness, . Haseltine has evaded this ditl- cuity with more than ordinary succcss, and has ven us @ Jair, full, sunlight view of that celebrated locality. Next in order come a large and a smal: picture representing tne same scene from opposite points of view. ‘The scene is near Ostia, @ marshy district, about ten miles irom Rome, not easily accessibie, and with nothing about it when it 18 reached likely to zener ny one butan artist in search of originalities, Mr. Hasel- tine visited it in the spring, and spent a lortnight, much looger than most artists spend there, in studying its Italian pines, with their musbroom- like Sepannive crowns, extending in stately rows beneath a sky ranging from the blue serenity of Eden to the mottled, ragged and cloud-torn vari- eties of a fickle American firmament. I ig in this Jast mood that Mr. Haseltine pang the sky above the brooding pines of Ostia, and he has indicated that mood remarkably well. Another interesting Picture is from studies made at a fishing village ‘Amalirino, we think) about thirty miles irom faples. A fisherman’s house of wiiite plastered stone stands upon an abutment of rock, with steep aes beetling above. A storm 1s coming, BP and in the strange cross lights created by a dark and heavy wall of cloud the prismatic waters of the Mediterranean become deeply tinged with green as they roll ashore. This represen- tation is full of local fidelity, and Mr. Haseltine’s old charm in indicating the organic characters of rocks comes out with its accustomary jorce. Two pictures, a large and @ small one, ilustrate the gay and romantic custom the Venetian fishermen have of painting the sails of their vessels and ornamenting them with the cross or the figure of the Madonna, There are several excellent views of Capri, one of them par- tiouiarly charming, and with this we must close our notice for the present, It rep- resents @ quadrant of rocks, of a most lovely shade of violet gray, embosoming a [ages of tender grass,’ and lapped at their uses by waves almost opalescent in their chang- ing hues—waves such as only the Mediterranean owns. Asky Ilke nother Mediterranean, trans- fixed and motionless, bends over this quiet and restful scene, this open and verdant hermitage of nature, where even the rocks seem yielding and tender and peace appears to be eternal. e en- tire treatment 1s very charming. Those wno de- sire an Coportanity of visiting Mr, Haseltine’s studio willdo well to remember that the regular reception day is Wednesday. BOSTON COLLECTORSHIP. The Triple Alitanmce of the President, Boutwell and Butler in Faver ef Sim- mons—Kussell in a Strange Fix. Boston, Feb. 20, 1874. The question of the Boston Collectorship has never been so vigorously agitated as it has been to-day, ang all indications point to @ triumph of Butler, and the confirmation of Mr. Simmons. Senator Boutwell, whom the opposition has looked to for salvation, has proved a forlorn hope. The story comes from Washington this evenim that he is bound to stand by the President an General Butler, and in view of this fact the opposi- tion adinit, witn indignant protests, that Mr. Sim- mons is tae assumed Collector of the port of Boston. Petitions and telegrams in favor of the President’s candidate have been more numerous to-day than at any time during the canvass, and there has been @ conspicuous lack of such documents on the part oi the anti-Buller party. The republican journals, Ove and all, will admit to-morrow that he Will certainly be confirmed by the Senate; but ave Wath these admissions will be protests and sentiments of indignation more plain than elegant, The summary departure of Judge Russell from the Bucler wing of Massachusetts republicanism is likely to come 1n as a side show, and developments Oi More than ordinary political interest will cer- tainly follow. Telegrams to the press, as well ag privaes messages to individuals and mercantile rms, all agree in the statements that the President will stand firm, and, with Boutwell’s allegiance to the administration, the confirmation ot Simmons is not doubtful for @ moment. Even among the most industrious and bitter opponents, the struggle, lor the time being, assumes a magoi- tude upon which the fate of the nation depends, if one is to judge from the excitement pending. In fact, it may be said that the “Hub” is ina “hubub”’ over the matter, and it is with an anxiety ag pain- fal a eh phat that the community awaits the Tesul Simmons’ Chances at Washington. WASHINGTON, Feb, 20, 1874. Additional despatches poured in upon the Mass- achusetts Senators to-day relative to the confirma- tion of Simmons as Collector at Boston. General Butler was in consultation with Senators Sumner and Boutwell for some time this afternoon. Gen- eral Butler received two telegrams at the same time, one from J. W. Kimball, Grand Commander of the Army of the Republic of Massachusetts, say- ing, ‘The soldiers are coming in for Simmons,” and the other from E, Post at Boston, to @ similar effect. THE STRIKES ENDED. Capital Strikes His Flag and Labor Remains in Po on of the Ficld— The Working Capmakers’ Triumph. The revised price list of the Capmakers’ Central Union, which was sent on Thursday night last by committee to the manufacturers, has been ac- cepted by them. The new schedule, as previously Teported, is {rom seven to ten per cent under what was originally demanded vy the operatives. ‘The tollowing are the firms that have put their he new hist, notwithstanding their having jointly and separately boand themselves in & penalty of $5,000 not to do 7o:—L. J. Phillips, Marks Bros, & Thowpson, S. Corn & Bros., R, W. Willis & Co., Isidor & Hein, Charies Foxe's Sons and T, Sarner & Bro, A new question arose between masters and men as to rules and reguiations of the craft with re- gard to working hours and some minor matters that came near reopening, or rather reinvigor- ating hos‘ilities, The jelonine are the regula- tions proposed by the Central Union :— First—A uay’s Work shall be ten nours, Second—No one belonging to the Central Union shall be discharged because of having participated in these strikes, nor without good reason on the Dart of the manufacturers, third—No one who has continued at work duriug the strike shall be empioyed without first becom- a: @ member of the Centrat Union. he above rules were the subject of a very ant- mated discussion at the meeting in Covenant Hall yesterday. ‘the bosses at first stoutly resisted Ange | to them; but, late im the evening, after adjournment, and, finding they could abso- lutely get no nands until coming to terms with tae Union, they concluded to strike their colors with- out urther deay, and did so, sorely against their inclination. All difficulties among the capmakers are at anend. They will havea final meeting this Sisefncen, and the men are to commence work on londay. ‘The Centrai Unton acknowledges the receipt of $125 from the capmakers of Philadeiphia, a sum which has been expected for two or three days t. Mr. A. M. Kelly contrinuted $10 to the fund aid of the strikers. The Cigarmakers. Eleven men from the factory of Mr. Charles Salomone, of No. 74 Elm street, have struck for Old rates, It appears that after Christmas Mr, iced the men’s prices some ten per Salomone Teggrieved workmen have declined the new rate of pay and left the shop. It is their in- tention to join the Cigarmakers Co-operative As- sociation, lately formed by a portion of the hands who struck from the jactory of Kerbes & — Dnless in the meantime the mauulacturer should ye a 00 Foturn to old rates, B. Macy, Commander of the | 8 THE ENGLISH CANVASS, The Conservative Victory and its’ Meaning. THE RELIGIOUS QUESTION A Meeting of Sympathy with the Pope. Loxpon, Feb, 7, 1874 I am anxious to send you some trustworthy notes as to what is passing in the Engiieh elec- tons, and what will be the probable result of the Oursting of that bombshell of “dissolution” which, two weeks since, to the astonishment as muob of his followers as of Lis opponents, Mr, Gladstone Buried among the somnulent members of a slowly mori- bund Parliament. At tue present moment of writ ing, the added up figures give to the conservatives @gain of sixty-six seats, as against a liberal gain of twenty-seven. This is a net gain of thirty-nine seata by the conservatives, equal to seventy-eight on division, which, I have not the slightest doubt, Means that within ten days of the assembling of the new Parliament the gooa fortune which has for #0 long waited on Mr. Gladstone will nave melted away, and Mr. Disraeli will be Premier of England, The result of the elections in certain boroughs and in many counties has yet to be made known; but, even making allowance for this and Jor other contingencies, it seems to me indubitable that the conseryatives will have @ working majority of from twenty to twenty-five, and they have been too long out of office, and they are too hungry for the loaves and fishes, to neglect the opportunity, and, for a time atleasts torender themaelves masters of the situation, Be it now my task to point out how this. has come about, From the commencement of the struggle it was easy to see that the majority of the liberal party would not be content with the programme developed in Mr, Giadstone’s addreas to the elec tors of Greenwich, His policy, therein set forth, Was essentially moderate, economic and utilitarian; it carefully avoided all external interests and ad- dressed itself exclusively to the taxpayers. It was entirely by dnancial measures that Mr. Gladstone hoped to achieve a majority aud to recover bis wan- ing popularity. “To the pretended conservative reaction,” he said, “I oppose a programme which may be resumed in these words—‘financial reform and liberal union.’ Other members of the Cabinet, notably Mr. Lowe and Mr. Stansfeld, seemed also to attach the highest importance tu the question of economy. Mr. Stansfeid, addressing his in- tended constituents, declared that i any such re forms had been promised bya less earnest or less competent man there would have been good reason for laughing them to scorn. Nevertheless, it was impossible for the blindest follower of the Premier not to see that even on that ground Mr. Gladstone would encounter strong opposition, a8 in the strong, distrust of which the:tories would Dot fall to take advantage. 1t was not only the conservatives who attacked the projects so much admired by Mr. Stansfeld. Certain liveral organs, prominent among which were the Times and the Morning Post, echoed Mr. Disraeli’s criticisms, The Premier promised to abolish the income tax, to lighten local taxation aud to lessen the duty on certain articles. of general consumption. It wae evident that the surplus of £5,000,000 would not be suMcient to carry out these reforms. S0it would be necessary that those who would profit by the abolition of the imcome tax must be prepared ior other dues destined to facilitate an equal redistri- bution of taxation. In a word, it looked like @ question of an entirely pew system of taxation, of which Mr. Gladstone had not even hinted at the outlines, leading people to think that he had in view the immediate effect. of am apparently large concession to them ihan any real alleviation of the imports whick press so heavily on the taxpayer. EDUCATION AND THE IRISH QUESTION, ‘The question of national education was another apple of discord thrown into the Ministerial camp. Mr. Forster having declared that he saw no reason jor modtiying his opinion iu regard to the reli- gious character which the State ougnt to give to primary instruction, and Mr. Gladstone having expressed himeelf very nearly in the same sense, it seemed to any capa- ble looker-on impossible that the ministry could count on the support of the Nonconformists. As for the Irish electors their attitude was decidedly hostile to the Cabinet which had declined to listen to the cry for “Home Rule,’ The Irish adberents to Mr. Gladstone endeavored to persuade their compatriots that the /remter had no stronger wish than to give to the national aspiration the same Batisfaction which he had already accorded vo the Roman Catholics. There were in Mr. Glad- stone's address certain passages in which he spoke of legislative decentralisation and of joval organization under the contro} of Parliament, Evidently, cried the Irish liberals, this means that Mr, Gladstone’s principles are not hostile to the doctrine of homerule. If this 1s so, said the Times, if the Minister wishes to en- courage the separative tendencies of the Irish, he commits at the same time a Jolly and acrime; While the tories declared that Mr. Gladstone was merely coquetting with his Irish adherents and giv- ing himself the loophole for accepting or declining the home rule doctrince, according to the pressure of circumstances. FOREIGN POLICY. The conservatives tried, not without success, to prove to the electors that the losses caused by the sometimes vacillating, sometimes rash, policy of the Foreign Omice, were not sufficiently com- | pensated by Mr. Gladstone’s financial successes, At the same time it must be allowed that in one ins stance Mr, Gladstone entirely refutea the assertion of Mr. Disraeli, who accused him of bay~ ing compromised the position of England as much in the extreme East as in Africa. In the circular which he addressed to the electors of Buckingham- shire Mr. Disraeli strongly insisted on the “folly and the ignorance” which the Foreign Office had shown in permitting the Dutch to extend their do- minton over the island of Sumatra, and in contract- mg on the West Coast of Africa “equivocal and embarrassing engagements,”’ which had dragged England into a war with tne Ashantees, To this Mr. Gladstone replied that the policy so energeti- cally blamed by Mr. Disraeli had been inaugurated by a conservative Cabinet, Lord Derby having pre- pared the treaty which, according to Mr. Disraeli, nad been the original cause of the war against the Asbantees, and Lord Malmesbury having approved, in 1868, of the annexations of the Dutch im the island of Sumatra, Any one, however, could have perceived with half an eye that this discussion on foreign policy was nothing more than an electoral dodge of very secondary importance, for no one could be blind to the essen- tially negative character of Mr. Disraeli’s pro- gramme. What really disheartened the liberals was the solemn warning which Mr. Gladstone ad. dressed to his followers in his last speech. He seemed to expect separations and defections which would completely change the character of the old sberal party, and he sorewarned his friends that tnese defections would infallibly bring about ite fall. “I will not,” said he, “be the chief of a frae tion of the liberal party’—which meant that Mr. Gladstone was not absolutely sure of the impression which his programme would pro duce, and, having nothing to add to the promises contained in his address, he offered to liberalism his personality as its fag an¢. watchword. Notwithstanding the great vatue of that personality it seemed very doubtful whether the different shades of liberalism would consent te renounce their special aspirations to keep Mn Gladstone at their head. The enthusiastic venera: tion of which Mr. Gladstone was the object in 1868 ia now but @ memory, and the workingmen’s democ- racy, which he has so much contributed to eman- cipace, is already looking out for other chiefs and pursuing other ends, The “platform,” as you say im America, on which he 1# placed is too narrow to contain the masses which household suffrage has called into political life. Financial retorm is no doubt @ very useful thing, but the most useful re