The New York Herald Newspaper, March 18, 1874, Page 4

4 p ee Pe The Senators About Heraid Round Table. NORTH AND SOUTH, EAST AND WisT. with Distin- guished Senators. Interviews LAST WORDS OF SUMNER, we a a Inflation a “Detriment and a Shame.” LOGAN'S WASHINGTON, March 15, 1874. With @ view of placing before the readers of tne HERALD at @ glance the opinions in concrete of the leading representatives and some of tue ablest who would age of the financial handling and insight into its proper aud most feasible manipulation, they have consented, where calied upon, to furnish your correspondent with There have been but lew who declined when informed that it would be thought an easy way to give, through te columas of the HERALD, to the whole civilized world, in a kind of photograph album form, the views of the most dis- tinguished public men in America, reducing to a short summary their various arguments, which The excep- who gladly complied the interest of the the most courteous and manly way, giving a written synopsis of the result of their deliberations, were Senators Logan, McCreery and Conkling. The first did not care whether the people Knew what he said or not, but acknowledged that he seconded and followed the The second did not care to make an effort to write them out, and was indifferent to the importance of the occasion. The third positively re‘used, as he had not yet spoken Senator Thurman, who is also designated by common consent as the probable democratic candidate for the next Presi- dency, was sick, but he was not present at the last | decisive vote taken in the Senate on the finances, The Senators who give their views as below ex- members of the United States Senate tairly represent a general ave! their written views. the public could take in at a glance, tions to those Senators with the request made in reading public, ia views of Governor Morton. on the subject of finance. them are from the walks of lile, where distinct finance are taken relatively as been imterested in banking, pressed by all sections of the country, Known ability, which, and confidence. Morton, Fenton, Brownlow, Boutwell, which beset it. THE NATIONAL BANK CURRENCY. Boa, L. V., Senator trom Missouri, who repre- sents the deductions of one who has a varied ex- perience in business, mining, law and railroad en- terprises, says:—An “undue proportion of banking facilities being im the Bast, 1 am in favor of an in- the national bank currency, so as to enable Western and Southern banks to be organ- wed. By the act of July, 1870, it was provided that $25,000,000 of currency ve taken !rom Eastern banks and be given to Western banks. This law I Tam also sausied that the total amount of currency now authorized by law 1s not sumcient; hence | am for a moderate increase. am for free banking, a8 opposed to monopoly, but 1 am in favor of leaving the question to the States, as expressed in the resolution 1 introduced day be- I believe gold to ve the only basis of any money system, but to resume now ts not ex- pedient. We should provide the way to accom- in my opinion the best way to effect this is to provide that one-half of the duties ou im- paid in paper money. The amount col- House amounts to We need Only $100,000,000; hence, by collecting one-half in paper money enough would crease of am In favor of fore yesterday. plish this. ports be lected through the Custom $200,000, 000, be left to pay interest, &c. “desire the whole subject be remitted to the States, each one deciding for itsel! as to the num- banking capiial ber of banks and the amount o: meeded for its legitimate ousiness.”” 0 enced in business of the Treasury, and is to contraction and to expansion. count desire just as they ar INCREASE OF CURRENCY REQUIRED. Brown.ow, W. E., Senator from Tennessee—“I have no objections to giving to a correspondeat of tue HERALD my Views on any question, because I have never been misrepresented m the HERALD. ‘The correspondents of some of the leading papers of the country in reporting interviews with me have thus far correctly reported me. medium. But the ut and demand want of an adequate supply of money. suffering which has given potency organization Know as grangers. regard a8 justice in this matter House of Representatives will, { tear, be inimical to the republican party and the administration. My solution of the difficulty is an increase in the volume of our circulating medium with iree bank- With such legisiation on the part of Congress the commercial needs o! the country will have The suffering now prevailing through- out two-thirds of the country will have been alie- will have regained eneral Grant will ace jation—as triumphantly re-elect him pond. idea of returning to specie ,payments is preposter- ous, It will bring wide-spread disaster and ruin to the great mass of our countrymen and kil ing. been met. viated. The republican party its lost prestige and cap—i! G cept the no jor the third term as it did for the se party that eects it. Wise and mode ion, to bring the volume of the currency measure of the country’s needs, is What the peopie desire and will have. “A GRADUAL DIMINUTION OF PRRER MONEY.” Senator irom New York—It may ‘be said as a general trath that currency is depre- clated either because of the want of confidence in the security apon which it 1s based or frond Feytoy, R. E. cess. The trst is not true in our say we ha case. The evils of our present curreucy apparent, What is the remed Suerman’s bili, for that invol Treasury. it isa dangerous power. The in my judgment, is not to be tonna in interchange- ability in any form. But we must look jor it in the gradual diminution of paper money and a concur- until rent tuerease Of the precious metais proper rejation can be established the two. The withdrawal of th sure to be followed not very an increase of the latter, so volume may not be greitiy, If at all, decreased. At all events, I do not discuss tie question of amount, The real question is, DOW much can be A stable maintained upon the specie basis? icy looking to the specie condition by a decrease 01 paper, running through seve _ would unquestionably solve the probiem. taille of any bill may be simple and few, but | nave not time now to speak of them; nor does it mat- is Wrought out by direct Of course, it should not be abrupt and hasty; uniformity and certainty is an dmportaut element of the plan, and to that the | party; that it wi ter whether the proce: or indirect methods. INFLATION. SPEECH YESTERDAY. views they have commercial, Manufacturing, agricultural and mechanical pur- suits of life, and represent the pervading views of , with their antecedents and high standing, with broad, national reputation as statesmen, will entitle their differing views to the highest respect Some of them, having managed the affairs of our largest and most flourishing | States as faithiul stewards in the control and economy of their administrations, like Senators Sprague, may well be thought capable and worthy of pro- viding plans for the careful and wise financial management of our larger and more diversified national domain, and equal to the task of bringing it into @ system of working which will augur suc- cessfuland permanent delivery trom the dangers Tnor of Massachusetts, experi+ pursuits, and who Was Secretary looked to for everything sound in the Way of finance, says:—‘1 i caroees wisi finances of the country to remain as they are, and, with the increasea growth and prosperity of the , the finances will be all right and every prosperity secured if we let things go on have given what tney desired I say instead or ise what ai say. The BRALD corresponden t3 1am firmly convinced that the good of the whole country re- quires an wcrease in the volume of our circulating Medium. Of course I do not mean by this that it is Wo the interest of tae few States having a monopoly of the currency, that we should have an tucrease. Nor do | mean that it is to the interest of a lew thousand very rich men and a few thousand bioated officers and stockholders of national banks, having a monopoly of the money of the country, that we should have an increase of the circulaun ‘eat mass of the people nee in ail the Southern ana West- ern States there is great suffering because of the And the present Congress shall, by an increase of the currency, give to the West and South what they e too much currency for the requife- ments of business, but rather that we cannot , Maintain the present volume upon a specie basis. condition are ’ J fear not in Mr. s the possibility of both expansion and contraction, and cousers the ower Of its exercise upon tue Secretary of the former ts aimost long alter by that the whole PON, Ge, sis NEW YORK HERALD, WEDNESDAY, MARCH 18, 1874.—TRIPLE SHEET, business of the country would gradually and with- out serious disturbance adapt itsell, Andirect method suggested the Boston Board of Trade, or something of the kind, would be leas objection- abie to the people at large, because of the dread of contraction on the part of some, wuo feel that in consequence there will be less money. This view overlooks the purchasing power or real uses of money. But let that pass. [only add this:—We | should at least take it out of the power of the gov- | ernment to fix the quantity of circulauion. That should be done by the people and tae business communities. A UNIFORM CURRENCY. Ferry, T. W., Senator from Micuigan—My judg. | ment is that the government owes it to the peopie | to issue the highest character of currency as the | monetary medium, Ic needs no argument to con. | Vinee any mtelligent mind that we cannot jor the | present resume specie payment, This being be- Yond the possibilities, the next best measure of Value to gold 1s a currency based upon the credit Of the whole wealth of the country and assured by the honor and faith of the pation. The old demand notes, made lawful money for all purposes, were equivalent to coin. Make, therefore, @ uniform | curreney, in the form of United States notes, and declared lawful money and a legal tender tor all | purposes and thus affix the national seal of credit | upon itas a mouetary unit. Tals would make it equtvaient to coin; ior then there would be no heed of compelling thousands of merchants to serve as ap ageucy of the government to provide | coin for the government. ‘Traitic in gold would | theu cease abu the government alone would pro- | vide itself as the onty purchaser, either through | bullion and the employment of her mints in its | coinage, or buying directly coim here or through bonds abroad, Then, with a iree banking system | open to all, money would go to the localities wuere it was ueeded. The issue and discount depart | ments would thus be widely separated. The bauk would be Ireed from redemption and be able to — utilize more completely their whole capital. Idle capital as reserves would become active capital. A cuech upon redundancy and a reliel_to strugency | al various seasons 01 the year to be effected throug! an wterohangeable United states bond bearing 3 65-100 per cent interest. Next to a currency made lawfal money for all purposes | wouid prefer greenbacks as the natioual currency. This is but | one remove irom the highest type of nationat credit—next, of course, national curreucy—but | free banking under all circumstances, HOW TO PREPARE FOR RESUMPTION. PRELINGHUYSEN, F. T., Senator for New Jersey, | proposes—First, That the Secretary of the Treas- ury be authorized to accumulate gold from time to time as the market will permit, with the view to the resumption of specie payments by the United States government, hot at a day to be fixed, but when the accumulation and the condition of mar- ket will permit, the gold to be obtained by a sur- plus trom duties and taxes and froim an issue of bonds not exceeding $200,000,000, and if the accu- mulated gold fails the Secretary to be at liberty to redeem United States notes in bonds.” He claims that tuis would put United States notes at par, and that the goverument would not be called upon | to redeem them when they were thus convertible, | and that the Secretary oi the Treasury should be | permitted to exchange (without ever increasing | the amount outstanding anc unredeemed) United States notes at par for coin, 80 as to keep On band sufficient gold to secure the contin- ued convertibility or United States notes, the source from which the gold is to be obtained being the | $75,000,000 of our mines, the $125,000,000 hoarded | and the foreign market. Second, to meet the de- | mand of the West and Soutii for banking accom- modation, increase the currency $6.,000,000 and | rewire that amount of United States notes, and | thus accomplish the end sought, without an in- | crease of paper money and wituout disturbance to | the banking currency of the East, while the United States notes will thus be made a more con- venient amount to be kept convertible; assorting | houses at money centres to return the currency to the banks that issue it, so as to localize cur- rency Without destroying its national character, | while the necessity lor redemption will keep the | banks in a safe condition for depositors; a license | irom the Legislature or Governor of a State to be | required beiore a banking association is created, so as to secure proper location and proper parties. ‘A SOUTHERN VIEW. Gorpon, J. B., of Georgia—We need more currency than we have. We need more per capita in a new, growing country than in an oid, thickly-populated | country, and We really have less than in any of the prosperous countries of Europe. The national bank monopoly ought to be broken down. But | under the present system no reasonable amount of increase wiil either [ree the country from high rate mouey or the money {trom the controi of specu- lators. There is no way to relieve the country of tuese two evils without making the currency and low interest bonds interchangeable with each, and | thus giving elasticity. Il! we provide ior convert- ing greenoacks imto bonds, so as to relieve the country of currency when it is redundant, we ought | also to provide for the conversion of bonds into greenbacks, when interest rules high and currency is needed jor circulation; but the bonds ought to bear a low rate of interest. The interest ougnt | not to be above 3percent. High imterest on the bonds is a wrosg to the producer. We cannot resume specie payment without disaster to all the industries of the country. A government currency is best; but it is better to have a sufficiency of national bank currency than tue present insum- | ciency. WE SHOULD NOT CHANGE THE PRESENT VOLUME OF CURRENCY, Hows, T. 0., Wiscousiu—*‘In justice to existing contracts, legislation should aim to preserve, not two change, the present volume of currency, Bank- ing should be free, so far as it can be, without ex- pausion. United States notes should be redeemed, So lar as they can be, without contraction. Both those obligatious may be met by removing restric- tions upon the number and circulation of national | banks, and atthe same time enabling the Treas- | ury to retire its notes just so fast as bank notes are added to the circulation. So legal tenders, whose presence will always make re- sumption impossibie, will be withdrawn so gra‘. | ually that business will know no shrinkage as it | approaches, will feel no sbock as it approaches a | specie basis.” PRESENT VOLUME OF CURRENCY INSUFFICIENT. Mergimon, A.5., of North Carolina—“I am of opinion that the present volume of currency circu- lation is not suflicient to supply the regular legiti- mate monetary wants of the country, even if the | same were convertible into specie. I therefore favor an increase of it to about $100,000,000, includ- $44,000,000 of greenbacks now going into circula- | tion, This done at once as a measure of relie!, | Congress, at this session, should devise and estab- lish @ permanent monetary system founded on a | specie basis, to go into effect gradually and abso- | lutely at a designated day, two or three years in | the future, so that the business of the country may adjust Itself to tae new system. To this end the | gold going into the Treasury not necessary to pay the accruing interest on the public debt shoud be allowed to accumulate there, and the national banks should be required to retain, as part of their reserve, the gold they receive trom | the governiment as interest on their government bonus deposited with the Treasurer. If need be, bonds should be sold in the end to raise a sufficient | amount of gold to make greenbacks on the desig- | nated day convertible into specie as might be re- quired. Other additional means might be pro- vided for the accumulation of specie in the country preparatory to specie payments. 1 do net believe it possible to make our purely credit greenback currency appreciate so that it will be equal to gold | aud silver. A credit currency is tne poorest known, | and in the very nature of things, as currency, it cannot ve made equal to gold. It may be forced | as a commod to gold value, but it cannot be | made its equa! unless made convertible Into specie. These are general views.” Morton, 0. P., of Indiana—“Specie payments | are the normal condition of the currency when tue country itself is ina normal condition. A retarn | to specie payments should never be lost sight of, but the attempt to bring them about now by any artificial process which would result in contraction would be disastrous. There 1s a large demand in many parts of the West for increased banking 1a- cilities. I believe it wouid be better to give such facilities by an increase of the currency to the | amount Of $40,000,000 or $50,000,000 than by taking the currency from Eastern banks tor the use of the West. Thai the increase of @ national bank circu- lation a8 above inuicated, while it would make meney plentier, would not depreciate the vaiue of the greenbacks, but rather enhance their value by making an increased demand tor them for bank reserves and the redemption of national bank notes. That tree banking would probably not add more than $50,000,000 to the national bank cir- culation, certainly no more than would meet the local demands and necessities, and would reileve the system Jrom the objection constantly growing in the public mind that banking is a monopoly.” WHAT SOUTH CAROLINA WANTS. ROBERTSON, T, J., of South Carolina, who repre- sentd the agricultural mverests of the Southera States in part, is opposed to the bili reported by the Finauce Committee jor the redistribution of $25,000,000 of the national bank circula- tion among the Southern and Western States, believing that the New Engiand and Middie States have no more currency than they need; second, that itis @n agrarian principle which takes from one portion of the country to build up another. He favors the Merrimon amendment, increasing the national bank circulation to £$400,000,000, and is opposed to the enactment of any law look- ing vo the resumption of specie payments, on the | ground that specie payments will come about when the country has recovered from the results of the late civil war. He favors the payment of at least one-third of the customs duties in legal tender | notes, and this, in bis opinion, would tend to he demand for gold, and aiso lessen the specula- five operations of tue Wall atreet brokers by en- hadeqag the value of greenbacks. \_ THE POSITION OP CALIFORNIA. Sar@ A. A., of Calitornia—I am opposed to inflation pf Pational bank circulation or to any sivttionab sftue of ‘Treasury notes, because I be- lieve it would Sean the currency, postpone 1 ‘ holesome specu. specre payments dng! tend to unw ( spece paymemvould vere ior free Bauking under the guards of the present banking law, provided B | measure tbat leads in the opposite direction. will be a fatal injury to the country. The chief de- mand for it comes from speculators, though it is supported by @ mistaken public tn some portions of the country that an icrease of paper money will not depreciate it, He says he does not wish any abrupt or decisive measure looking toward specie payments, but only for the adoption | of some measure that will indicate a fixed public policy to gradually advance our er money to the standard of gold, He saya fer has his “own ideas a3 to how it ought to be done, but he will support any measure that will even look in that direction, and will oppose to the bitter end any He 1s in javor of free Banking, with coin redemption. Uf Geveral Grant's administration, which com- menced with a pledge to redeem United States notes Wo eg ed pursuing the opposite poucy, it W e deal ¢ republican party, and ‘t ought to be. sbaieociiiaiad A GREAT MANUFACTURER'S VIEWS. SPRaGus, WILLIAM, Senator irom Rhode {sland, has no sympathy with contractionist or inflation- ist. He believes there is a monetary force 0! which coin and currency are atoms only of that lorce. He believes in directing all monetary force into a distribution of values througho:t the coun- try through channels naturally established by the application of that force to the point where moue- tary forces most, centralize, He has no faith in the vitality of any plan based on the present monetary condition, because that condition 18 BOW controiled wholly by those who live by the interest of their mouey independent of its connection with production. in other words, as respects foreign Powers, we are carrying our burdens to market as in the old fashioned grist, when the ignorant drone placed his two bushels of grain on one side of his horse, balancing it on the other with a sufficient weight of brickoats, while England has had safficient sense to divide the bag, allowing one bushel to ride on one side and one bushel on the other. How long can a compatiica 12 such transporta- | tion be continued * Tnis illustration is applicable to everything outward. Internally, Sprague de- clares, that monecary forces will centralize unless there be counteracting application of similar forces. The source 0! all monopolies ts the ub- sence of tue latter, Monopolies are the strength of the few, the weakness of the many, He then says that the forms of @ government be demo- cratic, such Lorms are neuirauzed when the forces underneath are centraliztng. Democracy is nothing but when tue power existing flow towards a distributed condition. Monarciies is When those forces flow to the centre, Eng- land 18 far more republican to-day than the United States, because she has @ force operat- ing daily on and distributing the torces centra!iz- ing; while we have no such forces, but, instead, strong agencies to promote centralization o! all the forces waich the pee ne create. In other words, the people are laboring outwardly in promoting distribution of forces through forms of law aud public resolution, while every day’s labor goes to effect the withdrawal of all power and all force from them in forcing the results of their labor to- wards the centre. In fact, 41,000,000 of peopie are to-day creating as fast as they can the most ex- tweme despotism. All this by a simple ignorance of the monetary forces and how to apply them. ‘rhese general Views are sufficient to indicate that | lor whose benefit? Toenable the Eastern money | holders to have a secure piace to loan their surplus even if the country was paying specie it would be | no better oif than how. THE WORDS OF THE DEAD STATESMAN. ScuMNeER, Senator.—This lamented and illustrious statesman said he had been prevented by illuess from discussing the financinl question, but with his own hands wrote the following as his opin- ion:—"Mr, Sumner consented with at reluc- tance to the original measure suspending specie payments, and he has been always for the earliest practicable resumption. At different times he has introduced bills to secure this result, and has urged it by speech at home and in the Senate. During the present session he has introduced a bill providing for the monthly withdrawal of greenbacks by the substitution of compound inter- est notes, which bas been approved by many lead- ing financial characters, and especially by the Boston Board of Trade. He regrets the with- drawai of money from Massachusetts, but regards this measure as insignificant by the side of the at- tempt to inflate the currency. He sees no odjec- | speculation spoken of has nothin: more | to do with the amount and character | of our currency than dia the wilip tion to iree banking if united with specie pay- | ments, The possibility of a new issue o! incon- vertible paper he regards with amazement and anxiety, and, in his judgment, such an issue would be a detriment and a shame.”’ THE CURRENCY DEBATE IN THE SENATE. Mr. Logan’s Speech in Reply to Mr. Schurz—The Scarcity and Monopoly of Money—The Causes of the Panic—Infla. tion the Only Remedy—The Inercased Financial Wants of the Country. WASHINGTON, March 17, 1874. In the Senate the debate on the finance ques- tion was resumed to-day in a speech by General Logan, which occupied over four hours in delivery, favoring an increase in the currency circulation. The Senators could not be Keptin their seats for fifteen minutes at a time, with the exception of a dozen or so who seemed to retain their places and | sit out the rehearsal of reiterated theories of | finance out of the sheerest compassion, so that the speaker should not too painfally and palpably feel that he was addressing vacant desks. If Senator | Logan’s speech was intended for the ears of the Opposition, it failed of that, because, with the ex- ception of an occasional spasmodic presence of Senator Sherman, none of them were there. It is probable that General Logan will be followed by Senator Sherman to-morrow, to whom he paid his respects, and also by Senator Schurz when he shall return, USELESSNES3 OF FURTHER DEBATE, The Senators seem tired beyond endurance with the fearful pertinacity with which some of their number cing to their purpose of further discussion on this financial question, and many of them, when | ing what is called the ‘reserve’ in the freasury of | asked how many more speeches there will be and | when a vote will be reached, shake their heads despondingly and say, witha sadsigh, “I don’t know.” One of them reverently referred your correspondent to Him who knoweth all things for correct answer. Buta strong effort will be made to get a vote this week, for it is evident that un- less that 1s done or some different subject of legis- lative importance is introduced it will be impossi- bie, except by the aid of the Sergeant-at-Arms, to keep a quorum in the Senate. The loud mutter- ings of dissatisfaction heard throughout the country and that feeling manifested here does not seem to deter our worthy and patriouc Senators from further protraction of this now more than unnecessary debate, which is continued, although notice bas been given incidentally more than once by Senators that they are as ready to vote now as ever, and hence the sense of the Senate might as well be taken at once as to further postpone the final decision, SPEECH OF MR. LOGAN. Mr. LOGAN quoted additional statistics to show that bis former estimate of the amount of money in England, instead of veing too great was, in lact, too small. He charged the contractionists with relying wholly upon a theory not applicable to the state of things in our own country, and ——. effort to contradict his facts and fig- ures, He referred to the speech of the Senator trom Missouri (Mr. Schurz), and said that the | go to Europe to sell railroad bonds and pay inter- | f arguments of that gentleman against an increase | all consisted in ringiag changes on the cry of spec- ulation, produced by a redundant currency, If the gentleman (Mr. Schurz) was correct, a redundant | currency caused the panic; otherwise his whole argument had no force or applicability whatever, As England and France, according to wealth and population, have a larger amount of money than we have, then whatever prevents panics there the same cause ought to proauce the same effect here. "ANIC CAUSED BY SCARCITY OF MONEY. The tailure of the panic and of all the power of Wall street to affect the standing of our currency | inverests. showed that the panic did not in any way result , from the character of this currency. an excess of currency at the time the panic came It there was | on why did the price of gold fall, aud why did | | New York bankers and merchants iia 12 the they | President and Secretary for more money? were overburdened with it, how did it happen that | three Western cities absorbed twenty-four out of twenty-flve millions tssued in 18737 They moved heaven and earth when they feit its want, bat now that the West is in Want they give her the cold shoulder and oppose her appeal. and the Sen- ator from Missouri assisted them. if there was such aM abaudance of money, how was it that twenty miliions of certified cliecks were issued py the Bank Association during the panic to supply the place of money ? Did not the Senator from Mis Schurz) know that ‘ing the year 1873 962 of checks and ificates based in Ie part upon jaitn, passed turough the New ork Clearing House; While the transactions or the London Clearing House for 157 iounted to $30,000,000,000, nearly $4,000,000,000 less than at New York. If there is ap abundance of money why does interest range in the West from twelve to twenty-four per cent? Why are petitions from thousands tn the West pouring inty Congress ask- ing an increase? Why are the papers of the West, including those whose interests tie Senator from Missouri is supposed to represent, n ing out for an increase of currenc: Nine-tenths of all the peopie ou lenders and large Merchants 4 increase of currency. i touk good care not Lo appe in some for! eof the mon Senator (Mr, Schurz) | to his own State tor re 5 {4D effective mode of evidence. He says this curr has exerted a redemption coupled INE Sock upon irre ba- “perateious mMuence” ior the past eleven years. bie circulation, Any steps taken towards inflation {las he been taking @ Rip Van Winkle sleep during now would oe, in my judgment, digsstrous to the that time that he fas failed to mark our osinees Ineeresen v the country pecause we PROGRESS AND PROSPERITY? have already a greater volume Of cd/Te.0CY than | Is the wonderful increase in weaith and manu- the amount of business, wealth and popd jafion of | factured products of Missouri one ot the “pernicious he country warrants,’ The measute of excexs '8 influences” ne so much depiores and regrets? ‘The * Sato OFioean 40 carnation ] My Senator trom Missourt gave an entirely new SHERMAN, JoUN, Of Oto, Says be is dead against | pridusple in political economy —one of his own in any indation of irredeemabie paper money. That | ventt le says that the increase in business, be regards all these schemes to increase any kind | wealth popguation does not require a of irredeemabie baper money a4 @ violation of pub- | correspondifig jncrease im currency. This is cer- lic faith, as the highest dishonor to the republican | tainly nis own jtion, andthe Whole credit ot ve bed respousivle ior it aud | it is due to him, Avcprdwg 0 this new tueory | to the South and West, “You do not know what is | banks, "a | New England had $110,000,000 national bank circu- | now than in the days is needs no more Joseph. Business, he says, can be done without much money. It can be carried on by means of bank checks and certificates through clearing houses. The Senator imagines himself in London or New York, and forgets that he ciaims to be from Missouri, He seems to imagine banks and a clearing house at every village and crossroad in the West. He telis us at one time that money will seek the best market; at another that the East is already bur- dened with an excess, Yet he argues that if we increase the volume of currency it will Now from the South and West to the East as water flows to the ocean. He tells us, also, that if we authorize North Carolina to establish banks the more she putas into operation the less currency she will have in circulation. In other words, he says best ior yourselves. Go on tilling the soil, which is your proper employment, You don’t know any- thing about money matters, Leave all that mat- ter to the more intelligent moneyed men of the East and borrow from them. Your business is to work jor them and take the wealth of your sec- tion to pay interest to them. Your increase in manutactures and wealth is pernicious to your welfare.”” INCREASING THE BURDENS OF THE PEOPLE. He argued there was a remarkable similarity be- tween the arguments and tilustrations of the Sena- tor from Missouri aud those oi Eastern capitaltats, He reierred to the quotation from Marco Polo made by the Senator (Mr. Schurz), and said that no similarity existed between the money tuere referred to and our money. He said the arguments and sophisms of the Senator from Missouri might be considered stmply as attempts to amuse if it were not for the grand scheme which appears to lie at the bottom of this onslaught upon greenbacks and outcry for specie payments. Every plan ster offer embraces the plan Ol reuring greenbacks which do not bear interest and substituting in their piace interest bearing bonds, payaole in gold, without the power of reconversion into greenbacks, s0 as to keep them in circulation, thereby imposing upon the necks of the people an additional puraen of 20,000,000 per annum; and for what purpose and funds, and, at the same time, to get additional in- terest upon these bonds. ‘They seem to want some way to drain the Treasury 0/ its gold and thus have the whole monetary power of the government in their hands and at the mercy of Eastern money holders, 18 it any wonder, then, that the West and south, who understand this thing, should look upon it a8 @ movement to strengthen and per- petuate the money monopoly which the present legal restriction gives to the East? It may not surprise us that an Eastern Senator should advo- cate this policy, but what are we to think when we see Western Senators in the very iront of this movement ? THE CLASSES THAT WILL BESIST. Is the present movement among farmers, me- chanics and workingmen without significance ? Are we 80 silly as to suppose they will see their wages reduced to @ mere pittance withouc a severe struggle? If there are labor strikes and stoppage of business now, what may we expect if we wumdertake to decrease the currency 80 that wages will not purchase bread? He said we bad more money during the time when the whole Sovth was shut out irom its use than we have now, And ace, amount must supply the warts of the whole country, with 11,000,000 more of people to be furnished with acirculating medium, to say nothing of tne fact that 4,000,000 of people, formerly slaves, are now free, and must be supplied with a medium of exchange. RAILROAD BONDS SOLD ABROAD, It is said that speculation in railroads was the cause of the panic, and that this speculation was induced by an abundance of money. Where did these railroads sell their bonds to raise the $340,000,000 annually used by them? Were these alltaken here? No, sir. Many were based on gold and sold in Europe. Therefore this mania for mania with the money of Holland or the Darien scheme with the money of Scotland. Why do we est to foreigners ? Simply because we had not the money here, and if Senator Schurz is allowed to lead the Senate in this matter, we will still con- tunue to pay tribute to Europe, THE POVERTY OF THE BANKS. He presented a table giving the conditions of the New York banks for five years past, showing that these bear no evidence of unusual loavs immedi- ately preceding the panic. The Senator from Mis- sour had said that the poor Men Of this country have $950,000,000 on deposit in the savings | larger amount than there is now in the United States, and sufficient, 1( a run should | be made, to drain every bank and the United States Treasury of every dollar. This will cer- tainly be good hews to those who are starving in | New York and other cities, and, while this scheme of contraction is before the country, these poor people would do well to look alter their money a ttle. TAXATION AS COMPARED WITH THE VOLUME OF LOCAL CUBRENCY. Mr. Logan then presented tables to show that | lation and Illinois less than $18,000,000; that Illi- nois paid $16,000,000 of internal revenue taxes and New England but $5,000,000; Illinois had to pay back to the government each year an amount ese equal to her bank circulation, while New England paid but one-twenty-second part. In conciusion, he called upon the Senate to adopt tuat lweral policy of tree banking, which, properly guarded, will not only do justice to all, but will develop the latent resources of the South, which lay dormant under a former mistaken policy, and which will utuize the water power of Virginia and the power locked up in the vast coal flelds of Indi- ana and Tlinois, the iron mountains of Missourt and the agricultural resources of the whole —— @ policy that will put our manufactories again in Operation and tron foundries in blast, and give employment to idle hands, prosperity to pro- ducers and happiness to the whole country. He warned the moneyed power of this country that if they attempt to impose further burdens upon the masses of the people they will finally lose their power altogether. He would stand by the rights | of the people, No matter how the moneyed monopo- lies might attack lim or the metropolitan news- papers abuse and criticise him. ‘the Senate at hall-past five o’clock adjourned till to-morrow. FIFTEEN MILES OF STREETS, A Letter from Mayor Havemeyer to Gov- ernor Dix on the Construction of Streets Above Fifty-ninth Street. The following letter was forwarded by the Mayor to Governor Dix, in reference to Senate bill No. 90, as to construction of streets by the Department of Parks:— Mayor's Orrice, New Yore, March 17, 1874. Hon. Jouy A. Dix, Governor of the State of New York :— Dean siu—ihe legacy of debt left to this city by the frauds and mismanagement of the late Tammany Ring, and the statutes passed by them still in torce calling an- nually tor large expenditures, make it absolutely neces- sary that the city should have the full benefit of every Saieguard that can be provided by statute against waste- fulness and extravagance. One cf the most fruitful sources of wastefulness Is the doing city work by day's work or private contract in- Stead of giving It out by public contract, atter due ad- vertisement, to the lowest bidder. T have received continual complaints of persons own- ing property in the neighborhood ot this work of the louse and careless manner in which this work ts per- formed, perhaps from unfaithful supervision and perhaps trom collusion. As these day’s works are done under the ey: of — those e their cost are ee asses: 10) excites a disposition to avoid payment and thro burden of debt upon the city at large. There is alr sutticient laxity in this respect to respond to thelr s of the cost of improvements, even when made in the most economical and judicious manner, and no system ghould be adopted to weaken the equitable as well as legal right of the city to impose and collect assessments, a3 must necessarily be the case when the work is im- providently and wastetully Jone. Another source of corruption and wastefniness is that, when a department of the city government retuses to be made a mere tool of politicians, but is managed in the interest of the public at large and the taxpayers, itis threatened with the transfer by act of the Legislature of its legitiinate powers and duties to some other depart- ment that is willing to subserve private and partisan Senate bill No. 90, entitled, “An act to alter the map or plan of the city of New York tor the of certain streets, r public places therein,” combines all of these objectionable features. The streets and avenues bordering the parks above Fifty-ninth street, are, in effect, if properly treated, practically @ part of the parks, and should be inade to harmonize in pian and construction with the parks, and be planned and constructed by the, same department that plans and constructs the parks. This principle was adopted iast year in the charler, and by section 78, last ublic u Department ot orks, ‘that ll the other streets and’ ave- | ty, i8 excluded trom these bor- | amounting in length, in ail, to fifteen same streets Were by section 83 of the h, put with the parks, under the itrol of the Departwent of Public on Yt of the charter, all work for the charter, first management ant Parks. 1 y 00 is city above 31 quired to be given out by contract, | ater public no he lowest bidder, and by chapter 88), of the 3, passed after the charter, though | roads an | pipes and sew arly allapeak- | + | oth ire and need an | | son tor doing it is tovuse t introduced be Department of Public Parks is given the power to plan, though not to construct. Now, Senate vill No. W purposes to destroy these wise and sale provisions of law established last year. J, By section Sit takes away from the Department of Parks the power to construct the fifteen miles of streets ordering the Park and transters it to the Department of Public Works—a department that is already over loaded, paving in its control over miles ot streets, avenues and forty miles of Croton aqueduct, js of miles of Croton water sites not engaged in or- 4 required on the nd avenues bordering the parks and such as the ment of Parks is doing. i$ transier ix, in my judgment. wrong In principle aul the reservoirs ana hundre ana, beside namental or and against the interests not only of the city, but of the whole public that come to the city. 2, Section 3, in the third, fourth, eighth and ninth lines, breaks up the contract system so wisely established in seetion 9 ot the charter, and authorizing all the works on this Whole fitteen miles of streets and avenues and on 210 abutiing pleces of streets and avenues, each 28 feet | in length, making twenty-five utiles in all, to be done in, nex the head of the Department of Public’ | ay deem expedient. This work in all amounts to sorme $10,000,000, ‘This is simply re-establistang the old ring powers and the ring system of doing public work, and fhe only rea- he City Treasury and the prop: erty of the taxpayers tor the purpose of private specuia. tion or partisan aggrandizement. ‘The property oi the city torbids, in my judgment, the b> at to that system, a system fraught only with carrup. d wasteiulness, ‘\The Department ot Parks, except for a short time, when under ring rule, has’ given, and 1s now giving, general satisfaction, y the three words “or reterred to,” in line two of sec- tion $of the bill, twetre milos of streets and avenues are wansterred trom the Department of Parks to that of the | Det nc of Public Works, and contract is bi ‘up. not ‘ninilia witht the map of city ‘suspect the millions of expense to rt involved these why 4 neck an puariee nd tel De 5 to a system of legislation in vogue before Your Excellency became Governor, and which you, hap- pily for the State, have done mach to check. ere are also very xrave objections to sections 2 and 4 of the bill. Section 1 is wholly unnec gis since itl in subst: chal ce, a copy of section | ot said chapter 850 ¢ Laws of last year. ‘You will pardon me for addressing this communication to you. I desire to get the facts before the Senate, and, knowing your great interest in good government for this city as well as for the whole State, Itake the liberty of communicatin; ith you, in the hope that, in some prover.way, the Legislature may be advised in their ac- mn. Very’ rest ful Y Ty Teepe TLLTAM F, HAVEMEYER, Mayor. “TREN EUS,” New Youx, March 16, 1874. To THE EDITOR oF THE HERALD: Will you allow me to say in your columns that the writer signing himself ‘‘Irenzus’’ in your jour- nal, and writing on temperance, is making use of @ signature which I have used in the New York Observer more than thirty years. While I do not question the right of any one else to ea lon the same signature, it would save much misunder- standing if you would allow me to say that those articles are not mine. Frequent inquiries make this explanation desirable. spectiuily your: 8. THEN EU! PRIME, ———+> -+____ MARRIAGES AND DEATHS. Married. BRADSTREBT—DEARBORN.—In Brooklyn, on Mon- day, March 16, at St. James church, by the Rev. Dr. Horner, FREDERIOK 8, BRADSTREET to MARY Frances, eldest daughter of Captain George A. Dearborn, HackeTt—WaTERBoRy.—On Saturday, March 14, at the residence of the bride’s father, in this city, by the Rev. James Wilson, G. B, HACKETT to Miss Lea E. WATERBURY. No cards. RurreER—Woop.—At_ “Irving Cliff,” Irvington, on the Hudson, on Tuesday, March 10, by Rev. Wm. B. Sprague, D. D., Mr. Josepu_ ORMSBY RUTTER, of Chicago, to Miss Cakkig WHITELY, daughter of Mr. Eliphalet Wood. Died. BEECHER.—On Monday, March 16, MISSOURI G. FINLEY, wife of Thaddeus B, Beecher and second daughter of Robert I. Finley, Esq. Relatives and friends are respectfully invited to attend the funeral, at 45 Morton street, on Thurs- day, March 19, at one o’clock P.M. Interment at Greenwood cemetery. BoNNER.—On Sunday, March 15, HANNAH BONNER, in the 7ist year of her age, The friends and relatives are respectfully invited to attend the funeral, from her late residence, No. tieres street, on Wednesday, March 18, at'two clock. BROSNAN.—On Monday evening, March 16, KATE BROSNAN, wife of Patrick Brosnan, a native of the parish of Killintierna, county Kerry, Ireland. The relatives and iriends of the family are re- spectfully invited to attend the funeral, from her late residence, 178 Eleventh street, Jersey City, tnis day (Wednesday), at three o’clock P. M. Brown.—At Jersey City, N. J., on Monday, March 16, 1874, of pneumonia, ANNa 'T., wife of Edward E. Brown, aged 62 years and 3% months. The funeral services will be held at her late resi- dence, 284 Fifth street, Jersey City, on Thursday, March 19, at ten o’clock A, M. Train leaves Tuir- tieth street for Tarrytown at one P. M. BURKE,—On Tuesday, March 17, WALTER THOMAS, only son of Timothy and Mary A. burke, aged 1 year, 2 months and 14 days, The funeral will take place, from the residence of his parents, No. 17 Fillmore place, Williamsburg, this (Wednesday) alternoon, at three o'clock. BUSSING.—At jlyn, u. I., 0m Monday, March 16, pees ING, aged 61 years, 1 month and 3 days. BYRNE.—On Tuesday, March 17, JoserH EDWARD, son of Edward and Anne Byrne, aged 6 years and 3 months, ‘The relatives and friends are invited to attend the funeral, from the residence, 332 East Thirty> first oy on Thursday, the 19th inst., at one o'clock P. M. \CaREY.—On Tuesday, March 17, 1874, THOMAS CAREY, @native of Manchester, England, in tue 86th year of his age, The friends of the family and the members of the Mohawk Association and Tammany Central Asso- ciation are respectfully invited to attend tue fu- neral, from his late residence, 401 Third avenue, on Thursday, March 19, 1874, at half-past one o'clock. At a meeting of the Mohawk Association held on Tuesday evening, March 17, 1874, at their rooms, | 159 East Twenty-eighth street, the following pre- | Suble - and resolutions were unanimously lopte Whereas it has pleased Almighty God to remove from our midst 1‘homas Carey, after a long and painfaliliness, which ne bore with Christian forti- tude, editying us all by his cheerful and happy dis- position, and consoling his family and friends by the evidences o! bis firm trust of future happiness, Resolved, That we hereby tender our sincere sympathy and condolence to his widow, family and | sorrowing relatives, and that we attend his funeral in a body and wear the usual badge of mourning for thirty oa Resolved, That a copy of these resolutions be duly engrossed, signed by the officers 01 tie asso- | ciation and transmitted to his fami JOHN DORAN, President. WILLIAM J. MCAULIFFE, Secretary. CLEM.—At Plainfield, N.J., on. aan March 16, the infant son of Mr. and Mrs. William N. Clem, Jr., aged 6 days. CLaRK.—On Sunday, Marcn 15, av the residence of her son, ©. Henrie Clark, 314 East Thirteenth street, of paralysis, Mrs. MARGARET T. CLARK, | Telict of James H. Clark, purser in the United States Navy, in the 83d year of her age. | The funeral services at St. Mark’s church, corner of Second avenue and Tenth street, on Wednesday, March 18, at twelve o'clock. Relatives and sriends of the family are invited to attend. CoLaHaN.—Suddenly, on Monday, March 16, | EpwarD P. COLAHAN, a native of Ballinasioe, | county Galway, Ireland, aged 45 years. The relatives and friends of the family are re- spectfully invited to attend tne funeral, trom his late residence, 509 Second avenue, on Wednesday, the 18th inst., at one o’clock P, M. CRUMBIE.—On Sunday night, March 15, at Orange, N. J., WILLIAM D, CRUMBIE. The relatives and friends of the family are re- spectfullyjpvited to attend his funeral, at Grace | church, Orange, on Wednesday, March 18, at half | past twoo’clock P. M. Trains for Orange leave | Barclay street at twenty minutes past eleven and | ten minutes past one o’ciock P. M. | CUNNINGHAM.—On Monday, March 16, MacGrE J. CUNNINGHAM, in the 27th year of her age. | Relatives and friends of the family are respect- fully invited to attend the tuneral, on Wednesday, March 18, at one P. M., from the residence of her | uncle, Alexander Miller, No. 324 East Twenty- fourth street. San Francisco papers please copy. | DrENMAN.—On Sunday morning, March 15, Wie | tae JAMES MCNEVIN DENMAN, In the 42d year of | age, His faneral will take place from St. Peter’s Church, Hicks and Warren streets, Brooklyn, on | Wednesday morning, the 18th inst., at ten o'clock. | A solemn requiem mass will be offered for the re- pose of his soul. | Drwick.—On Monday, March 16, 1874, of scar- | let fever, ALEXANDER T. STEWART, youngest son ols. and Therese F. Dimick, inthe 8th year | of his age. | Relatives and friends of the family are respect- fully invited to attend the 1uneral services, from the residence of his parents, 131 East Thirty-sixth street, on Wednesday, isth Inst., at haif-past | three o’clock. DOooLEY.—On Monday, March 16, JonN DOOLEY, a native of Kilinahinch, county Westmeath, Ireland, aged 43 years and 9 months. elatives and iriends of the family are respect- | fully invited to attend the funeral, on Wednesday, | March 18, at one o’clock, from the residence of his | brother, Thomas Dooley, 674 Tenth avenue, corner Forty-second street. | DROMGOOLE.—On Tuesday, March 17, 1874, after @ long and severe illness, ANNE DROMGOOLE, wife of Nicholas Dromgoole, in the 65th year of her age. Her funeral will take piace trom her late res West Forty-second street, near enue, on Thursday, at one o'clock P.M. Relatives and friends are respectfully invited to attend. Everson.—At Tompkinsvilie, Staten Isiand, sud- denly, on Monday, March 16, ANNIE, Wile of George | Everson and eldest daughter of the late James | Wilkinson, of New Brighton, 8. 1. | Relatives and friends of the family are respect- | fully invited to attend the funeral, from k. C., Brighton Heights, on Thursday, March 19, at three o’clock P. M. FiTzPaTRICK.—On Sunday, March 15, at St. Vin« cent’s Hospital, alter a severe illness, Matrauw FITZPATRICK, aged 33 years, The relatives and (riends of the tamily, together with the Fitzpatrick Guard Association, are re- nested to attend the iuneral, on Wednesday larch 18, at one o’clock, trom the hospital, 19 West Eleventh street, near Seventh avenue thence to Calvary Cemetery. Fiynx.—On Monday, March 16, Mrs. The relatives and friends of the deceased are re- spectfuliy invited to attend the funeral, jrom her late residence, No. 437 West Forty-first strect, on Wednesday, March 18, at half-past one o'clock GILDERSLEEVE.—On Monday, March 16, 1874, after a short iliness, CORNELIA GILDERSLEEVE, in | her 66th year. The relatives and friends are respectfully invited to attend the funeral, from her late residence, No. 295 Stanton street, on Wednesday, Marci 18, at half-past one o'clock. GULLBR.—On Monday, March 16, ELizapeTn P., wite of Montgomery E. Giller, in the 66th year of her age. Funeral from her late residence, 425 West Twenty-second street, on Thursday, March 19, at | two o'clock P, M, Friends of the family are in- Vited to attend. GRIFFEN.—At Passaic, 17, ANN MARIA GRIFFEN, WL min Griffen, aged 73 years, Notice of funeral hereatter, Grosseay.—On Sunday, March 15, alter @ short He bd cf eras wile of Charles T. Gros- Jean, In the 30th year of her age. Kelatives and” friends are invited to attend the funeral, at her late reaidence, No. 164 Norman ave- hue, Greenpoint. this day (Wednesday), at eleven o'clock A. M. nt ANLY,—On Monday, March 16, Jonn HANLY, in | ¢ 27th year of . Funeral Will take place from the residence of his | Mary | FLYNN. . on Tuesday, March | f the late Rev, Benja- | dence in Washington, father, No, 519 Henry street, Brooklyn, ou Thurs aay morning, at ten o'clock. lOHNSON.—On Monday, March 16, of consump tion, at the house of his father, 206 Putnam ave- = Pte CHARLES A. JoHNsON, aged 22 yeart Funeral services at the Rev. Dr. Carroll's church, Sorner Bedford avenue and Madison street. ou Th the 10¢' at two o'clock, Relatives and friends of the family are invited to attend. Com) ny D, Twenty-third regiment, A RS epee company he was a mem spectfully Invited to attenan ? Tosunenh are Bee gre gt evening, March 17, Lrora Ane Nancy and the late Henry ‘Allen, ec haceusiaaied motce of funeral hereafter. wit iia Ke iy. i March 17, Exiza, relict of e funeral will take place 3 dence, 229 Sullivan street, bear visite to rhare ass waren Les CA raufele o'clock, Friends of the 1c furtner mr ie oe ania vited to attend without 18SAM.—On Monday, March 1 = 84M, Son Of the late Benjamin Kiem The relatives and friends of the family are re- spectiully invited to attend the funeral services, om Thursday Pay at ten o’clock, from his late residence, No, 122 East Forty-Arst atreet. The re- mains will be taken to Trinity Cemetery, Love.—On Tuesday, March 17, 1874, Tuomas Love, in the 47th year of his age. Relatives and friends are respectfully invited ta attend the funeral, on Thu , the 9th, at two o'ciock P, M., from hislate residence, 282 Warren street. LyNcH.—On Tuesday, March 17, Rosz, daughter of James and Catherine Lynch, aged 5 years, 6 months and 23 days. The tuneral will take place from the residence of her parents, 239 Elizabeth street, on Thursday, March 19, at one o’cloek. MakTIN.—On Tuesday morning, March 17, EFFIB: WINEFRED, daughter of Edmund P. and Jane A. Martin, in the 12th year of her age. Reiations and friends of the family are respect- fully invited to attend the funeral, on Thursday, at two o’clock, from 169 South Oxford street, Siena, Oa ESSENGER.—On Monday evening, March WILLIAM F, MESSENGER, aged 60 years 84 Relatives and friends of the family are invited ta attend the funeral services, at his late residence, 1,437 Second avenue, on Thursday afternoon, at three o’clock. Remains will be taken to Nyack for interment on Friday morning. MorRis.—At Lake View N. J., on Monday, March 16, Henry MORRIS, after a severe illness, Notice of taneral herealter. McGuirk.—On Monday, March 16, ANN MOGUIRE,. the beloved wie oi John McGuire, aged 32 years, ‘The relatives ang friends of the family are re- specttully invited to attend the funeral, from her late residence, No. 423 West, Twenty-sixtn street, this (Wednesday) alternodn, o'clock. OTTIWELL.—On Monday, March 16, at 246 Broome street, Davip J, OTTIWELL (pharmacist), in the 56th year of his age. ‘fhe relatives and friends of the family are re- spectfuily invited to attend the funeral, from the Church of the Holy Martyrs (Rev. James Millet, pastor), in Forsyth street, near Canal, on Thurs- on March 19, at tialf-past one o'clock, ’CONNELL.—On Tuesday, March 17, 1874, MARe GARET O'CONNELL, a native of Castle Magner, county Cork, Ireland, aged 59 years, The relatives and friends of the family are re- Spectiully invited to attend the funeral, from her late residence, 330 avenue A, on Thursday, March 19, at one o'clock, Paut.—On Monday, Maron 16, after a short tI ness, ANNIE LOUISE, Only daughter of James andi Louise Paul, aged 3 years and 4 months. Funeral services this day (Wednesday), at one P. M., from 121 Eighth avenue. SnELps.—On Sunday, March 16, after a short and severe illness, HENRY SHIELDS, in the 66th year of i3 age. fhe relatives and friends of the family are re« spectiully invited to atvend the tuneral, from his late residence, No. 108 Second avenue, on Wednes~ day, the 18th inst., at nalf-past nine o'clock A, Me tuence to St. Patrick’s Cathedral, and from thera to Calvary Cemetery. Ata regular meeting of the Young Men’s Associ- ation in Aid of the Roman Catholic Orphan Asylum, held on Sunday, March 15, 1874, the following pre- amble and resolutions were introduced and unani- mously adopted :— Whereas with unspeakable regret we learn of the decease of Henry Shields, late an honorary member of this association, whose goodness of heart, wisdom in council, large enterprise and an« bounded charity rendered him dear to all alike? and whereas it is fitting that we who are so cone versant with his beneficent charities, his self/-sacris ficing devotion for the good of others and his yea of unremitting exertion and care in the cause o! the orphan and the friendless, snould express @ word of tribute to his memory, of sympathy witt our kindred charities and consolation tor bis be- reaved family; therefore Resolved, That in the death of Henry Shield¢ this association, of which he had been an honorar, member for 80 many years, has lost one of its bes! and warmest supporters—one to whom we cou at all times turn jor advice, sympathy and assiate ance—and that the charities of this city, in hia pon gga lost one whose place will long remain, vacant. Resolved, That we send to his family, in the houz Of their bereavement, our sincere orcad an that we will attend che funeral in a body, and that these resolutions be presented to Ms family. JEREMIAH QUINLAN, President. CHARLES O'CONOR, WILLIAM Joumn oad J. KANE, jouN T. McGowan, % 0. A. Munpny,” } Secretaries, P, MALONE, Treasurer. RoMAN CATHOLIC ORPHAN ASYLUM.—At a Meeting of the Board of Managers of the Roman Catholia Orphan Asylum, held at the Prince street i on Monday, ‘ch 16, 1874, Very Rey. Wilital Quinn, Vicar General, in the chair, the following resolutions were unanimously adopted :— Whereas it has pieased our Heavenly Father ta remove irom the sphere of his usefulness our late associate and friend, Henry Shields, Second Vica President of the Board of Managers, who, for More than thirty years, devoted his services, and, when needed, his means, to aid in supporting the Catholic orphan children of this city; and Whereas this sudden and afflicting dispensa- tion of Providence deprives us of the com panionship, counsel and guidance of one Whom we had learned to love for nis dis- interestedness, to esteem for his benevolence and to honor and revere for his untiring energy and devotion to the care and welfare of the orphans; and whereas, in view of the long, untir- ing and valuable services rendered by the de- ceased to the beneficiaries of this Board of Man- agers (the orphans) during his connection with the Board tor more than an average lifetime, it ia eminently fitting that appropriate action should be taken by this Board to manifest sorrow for hig death, to condole with his bereaved family and pay @ proper tribute of respect to his memory; be it therefore Resolved, That in the death of Henry Shields, Second Vice President of the Board of Managers, we are cailed upon to mourn the loss of a true friend, a disinterested and benevolent manager and an uprignt citizen. Resolved, That his death is to be greatly deplored by the Catholic orphan asylums of this city, to Whose interests he cheeriully gave much of his time, and in whose welfare Le ever took the deep- est interest. Resolved, That as an evidence of our respect, regard and esteem, this Board will attend his Juneralin @ body, and that a copy of this pre- amble and resolutions, suitably engrossed and Jramed, be duly authenticated by tie officers of at half-past one } Vice Presidents, | this Board and presented to the family of our des ceased associate, a3 a memento and an additional token of our appreciation of his services, of sorrow for his death and of respect to his memory. WILLIAM QUINN, Y. G., Chairman, JEREMIAH QUINLAN, Secretary. The managers of the Roman Catholic Orphan Asylum are respectfully requested to meet at the residence of our late Vice President, Mr. Henry Shields, at nine o'clock on Wednesday morning, to attend his funeral. JEREMIAH QUINLAN, Secrotary. SmiTH.—At Stamtor a, Conn., on Sunday, March 15, STEPHEN H. Smirn, Jr., aged 22 years and & months, fhe funeral trom the residence of his father, in Stamford, this day (Wednesday), the 18th, at oné o'clock P, n Brooklyn, Tuesday, March 17, JAMES STROU | Hsreerr, youngest son of Albion P. and Geraldine G, Strout, aged 13 months and 16 days. Funeral services at the residence of his parents, 139 Latayette avenue, on Thursday, March 19, at two o’ciock P.M. The relatives and Iriends are re- Spectiuily invited to attend without further notice. PALLMADGE,—On Sunday evening, March 16, im Philadelphia, Cnantes F., son of Jotun oH. and Cornelia Tallmadge, aged 20 years. ‘The relatives and friends of the family, ana of Tallmadge & New York, are respectiully in- vited to attend the funeral, from the residence of his parents, Morristown, N. J., on Thursday, at halt-past ten. ‘Train leaves New York, foot ot bar- t, at a quarter past seven, A. M, EY.—On Tuesday, March 17, Mrs. MARGA: RET VAUGURY, aged 57 years. The relatives and friends of the deceased are poland invited to attend the funeral, on ‘Thursday, March 19, from her late residence, Mon. trose, N. Y., @t mine o'clock, and proceed to St Patrick’s ehurch, Verplancks, where a solemn requiem high mass wiil be offered for the repose of her soul. WHITEHOUSE.—Suddenly, on Monday morning, March 16, NINA GERTRUDE, aged 14 months and days, only child of J. Charles and Clara White house, No. 174 Willoughby avenue, Brooklyn. Woop. t Greenpoint, L. 1., on Monday, Marc! 16, 1874, suddenly, Mrs. HvLpau Woop, widow o! Daniel B. Wood, aged 7s years, 1 month and 7 days Relatives and friends ofthe family, also members | and friends of the Christian Evangetical church, also members and friends of the Methodist Epis copal Tabernacie church of Greenpoint, are all re spectfully invited to attend the funeral, thif (Wednesday) morning, at eleven o'clock, from thy, Methodist Episcopal Tabernacle church, without further Bostoe. ¥ * sein 08 jewburg and Newark papers pleast y WrIGHT.—On Monday evenin P March Th Fnancrs Markor Wriaut, M. D., of Englewood, N. J. coe ‘The friends of’ the family are invited Ie 5 it the suneral, from the house of his uncle, "y . Markoe, 26 West ‘Thirtieth street, on Friday March 20, at two o'clock, without further tnvi ry | tion. re 1874, at bis rest Youna.-On Friday, March 1% Tit B. YOUNG ‘Architect of the Treasury th year of his age. formerly Supervisin Department, in the