The New York Herald Newspaper, April 10, 1874, Page 4

“CONGRESS YESTERDAY. ———— House Debate on the Cur- | rency Bill. An Act to Repeal All Moicties—Preliminary Triumph of the Opponents of the Bili—Gen- | eral Butler Proposes to Substitute the Senate Bill—Governor Dix’s Mes- sage Attacked and Defended. WASHINGTON, April 9 1874, _ Mr. E. H. Rosenrs, (rep.) of N. Y., ‘rom the Com- Mittee of Ways and Means, reported a Dill to re- Peal all moieties. He stated t the bill referred t0 only one branch of the subject, which the com- mittee was still considering, and which would in due time be reported on. Mr. Woop, (dem.) of N. Y., said that the bill had ot received the vote of the committee, and thal, in bis opinion, it did not go far enough. The bili was ordered 10 be printed and recom- mitted. The text of the bill is as Lo) Be it enacted, &c., That all provisions of law under which mottics of any dines, penal s 0, share therein. wre paid to inioriers or fter the date Dnes, penaitie Lows :— ensioms, or other officers of the hereby repealed, and from and sage Of this act Lhe proceeds of forieltures sha be paid into the 7 | ‘tates. ‘Skcrion 2—That it shal! herea‘ter be the duty of the | and ry of the United Secretary of the Treasury, out of any mouey's specifically appropriated by Co to make suitable compensa- tion to informers and persons aiding im the detec- | st the cus- in, egnvictions af the ¢ shal ort to Conzress, in detai), all pa: Uda] by him for such purposes. Whenever any officer of the customs or other person shall detect or Seize goods, wares or merchandise in the act of being Smuggied, or which have been smugyied, he shall pe en- titled’ to such compensation thereior as’ | Of the Treasury shall award, not excteding the net proceeds, if any, resulting trom such aiter deducting all costs a With; and wo vel United states tion of simuzgli toms revenue la iy fraud upon the customs revenue. d, waich shail lead to the r . or of amy fime. penal feiiure incticred, such ‘compensation mav, on» covery, be paid to the iniormer as shall be i>} sonable, not exceeding in any case the stm * which sation shali be paid, under the direction ot the y of the Treasury, Out of any moueys ap- 1 purpose. no payment shatl be made to any person injormer im any case wherein judicial Ait have beem” instituted ; 1 established to Ot such pro certified pb, ad court or judge tor the ite of the T ’ Secretary easury; and when any fine pen- alty or forici' hall be collected without judicial pro- Geedings, the Secretary of the Creasury shall, betore directing payment to any person claiming as informer, require Salistactory proof that such person is justly en titled thereto. : sec, .—-ihat whenever any district attorney shall re- ceive notice of any application deiore a judge of (he district court tor the mitigation or remission of any fine, nouty the i fine, penalty or forteiture he shall immediately Collector of customs for the district Iu which su penaity or fortettare was incurred, who shall t Rotity the person or persons who may be ivieres: the prosecution of the case, in order that he or they attend and how cause why the prayer of the peiutioner should be refused, and said collector shall also turnish to the district utioruey sl! practicable intormation necessary to enable him to protect the interesis of the United states. 8 Sec. 5.—That no officer, informer or other person enti- eresied ina y alty of for { laws of the : from becoming a witness in e recovery, mitis: Dut shall be subject to examinats tion in like manuer with other wit thereby deprived of any right, title, sha thereof, ss-eXaMANA- withont being ¢ or interest in any fine, penalty or forteiture to Whict such examina- tion may reiate; aver the oilice provided that im every suca informer or person cetitled to any share ear as a wit- testify and to be examined and cross-cxamuued in like manner. The bili reported yesterday by Mr. Woodford, oi New York, to prevent officers of the United St. from receiving or being paid any money beyond their fixed salaries, came ap and was discussed, Mr. Wooprorp explaining and advocating the bill, and Messrs. DawEs.and BUTLER of Massachusetts opposing it as not being sufficiently matured, the latter alluding to the criticism on the display of Tepublican omicials, and conirasting the modesty | 01 the present day with the ostculations display of George Washington, who never travelled a rod Without making a requisition on the Quartermas- ter’s Department lor six horses and a coaca for ha aud four horses and a coach for bis secre- | ry. | y AN UNFORTUNATE OFFICIAL. | ~ In the course of the debate Mr. Menxtay, of New | ; York, who had introducea the bill crizinally, | stated that on the morning alter he had doue so a overnment ofiicer ‘had pressed himscif ou the loor, and, in @ very excited manuer, approached him, saying, “This bili will ruin me; it takes away ‘the carriage whict [use and it is impossible for me to get along Without it.” He said it was very hard op him—especially oh his wile—and he saw mo ebjection te her ridiog when he did nos want the carriage. He (Mr, Merriam) told him, as he mow told the Hou that the republican party could not afford longer to carry the Wives of public Ollicials. Alter iurther debate Mr. WooprorD, admitting that there were sume practical ob ections to the bill in tts present shape, moved wo reier it to ve Lommittee oi ‘The bill was so reierred+Yeas 159, nays 69. SF (dem.) Of Pa., moved that the com- mittee have leave to report at any Lime. | Mr. MAYNARD, (rep.) 0! Tenn., ovjecied. The House then, at a quartér to two o'clock Ai., resumed the consideration of THE CURRENCY BILL. Mr. E. R, Hoax, (rep.) of Mass., opposed the bill, and said he wouid not vote for dnother dollar 01 paper money unless it was accompanied with a | provis:ou for its redemption in specie. He had no objecdon to free banking provided it was to be an honest circulution. He asked the House not to pass a Ddilljor increasing the amount of paper money while the government’s promises to pay were still unprovided ‘or and while it simply added to the broken promises With whicl tne abmosplere Was jen. ‘Mr. CoNnGER, (rep.) of Mich., discussed the ques- tion ws a conflict’ between capital and labor, be- tween wealth and poverty, between the’ iew thousand savorites of fortune and the inillion sons of toll. Wha: panacea was proposed and urged? Legisiation that tended to ada twelve per cent to the indebtedness of the toiling millions and twelve ber cent to the hoarded wealtu of thetr creditors. The conflict between hoarded wealth and patient industry came early to tuis new uation im this New World. He doubted if the people would quietly submit. They had not yet ground long enougn m the prigon house of the Pullistines to bear their burdens unmoved. Even in their al- leged blindaess they might bow tuemseives upon the pillars of the money jenders and overwhelm all in & common ruin. From every quarter came ominous signs of warning and jow murmurs of dissatisiaction. Scarcely had Mr, Hawiey, of Con- necticut, proclaimed that he would hold no more companionsiip with those who would vote tor more currency, thau the citiZeus 0; bis uwn state TOOK hii at iis word, and with sorrow withdrew trom his commuaion, aud hid Senatorial honors irom his longing vision. (Laughter.) Even the Granite state had cast Of @ party whose leaders in the Howse had forgotten the grand mission of the republican party Was te care for tue poor and lowly. and to protect the tolling millions irom the | efcroaciments of monopoly and wealti, He solemnly believed that wise legislation in the direction indicated, by @ vote of a majority in each flouse, would restore confidence, | Tevive business, bring prosperity aad not adver | Bity, apd Would avert casamities whose coming | would cause (he earsof men to Ungle and their hearts to shudder. Let thors of States dictate to subservient atures their bigh | sounding maxisests in furthers ol (be memorials | of merchant princes and millionoa.res, He could not tell OW SubMisSive others might become, but | he himself wouid await the verdict of tat loyal, | 4 enterprising, intelligent host 0! oilers whose con- fiding trust might, indeed, be outraged, bat whose | avenging Wrath would be terrible if on Mr TREMAIN, (rep.) of N. Yr Conger, ana repelied indignantly ju Governor and Legislature of New York. His own sentiments in opposition to the pending bili were in harmony with those of the peopie Waom he had the honor to represent, He hud ovserved wich gret that the divisions on this financial question Were not the old-fashioned party divisions, but Were sectional and geographical. Mr. GAkFizLD, (rep.) Of Obiv, opposed the bill, @2.! took for the text of bis remarks a settence of Very remerkalle paper, written a jew years ago by Thomas Carlyle, under a title Which Was sug- gestive to-day— “SHOOTING NIAGARA AND AFTER.”? | Discussing some of the thiags that made up his tutie, he said that they bad avery vulgar, homely proverb in Engiand—“Cheap anid nasty." There Was a@ pregnancy in that homely adage woich ougnt Not to be Misunderstood, It was the rude, maignant protest of human nature sgainst ciements which Eought for quantity at the expense o1 qualiiy which sought for bulk at the expense of tract and attack on the aseluiness. That characterized lis (Mr. Garfeli's) opinion of the fixed upon by ti icy Which seemed to have veen fe majority of the two houses, They now to make @surrenuer of reality pearances ; to get empty shadow: and names, and lose the solid substal wh pames ought to represent. In the course of eleven yearshe hadseen mo day #0 fraught with conse- oe, great and far reaching, 28 this day. Ke- erring \ the efforts at repudiation in 1867 and 1868 he said that the American conscience had re- [oy to those efforts in the election of General rant tothe Presidency, on the marked and dis- | tinct issue that repudiation should lave no name | or abt Place tn the American Repuplic, That verdict been sealed when, the first anoual fe of General Grant, he deciared that Bo Man shovid have any piace of honor or trust or profit who did not repudiate repndiation and ‘Who was not willing to do his utmost to preserve the public faith untarnished. That great victory had been gained in the name of conscience, in the name of honor, in the name of truth, and the coun- ‘ey went forward in is career of Ye | Sourh n Ways and Means. | $ Tr. ‘heard on the question—(laughter)—Mr, NEW YORK HERALD, FRIDAY, APRIL 10, 1874.—TRIPLE SHEET. ns DeXt great dattle fought was in 1870, when the de- 5 more paper money rang throught the hails of Congress as it rang through them to-day. The pending proposition he regarded as @ proposi- tion to tumble out the ballast, spread all the sails and to give the ship of national credit to the light. ning and the gale. He believed that the proposi- tion was traught with unmense and measureless mischief, ‘The gentleman from Massachusetts (Mr. Butler) had the other day compared. the circuiating medium to quart pots and yardsticks, He would take that comparison and would reply to it that yardsticks were not redeemed, but were Kept to the standard of antiquity and of law, ‘That was What he wanted to do with the currency, He desired realities, not shadows; not the gtit of | fruits which tempt the eyes but turn to ashes on the lips. He believed that the day was not far distant When the cry Would come up irom those lowest down in the scale of humble laborers, on Whom the dead weignt of all the depreciation would fail with the most crushing power, cursing the day when they were deluded by legerdemain and sopuls: THE APPEAL OF THE WEST. . Mr Kasson, (rep.) of lowa, argued to convince men Jrom'the East that there was some good sense and justice te the demand made by the West and South {or more banking facilities, The banks in the West had uniformly more deposits than they had circulation. They could not sustain them. seives Without cirealation, und he admitted that the West aid not Want banks if it were for the de- josits Which they guthered together and utiltzed, i the Kast did not want free banking the West , in order to establish what banks they could utilize, Li the East did not want an increase of the currency let the West have it. fhe West and would be content if they could } i have | What banking facilities and currency they could | use. He beleved that in these respects thé Senate bill would be more beneticial to the peopie of the West than the House bill, He put it to his West- ern colleagues, however, whether it would not ve better to Lake, exclusively ior the States that had a deficiency, the forty-six millions, Which was ail that they could use for some years to come, in- Stead of adopting the free bankibg system for toe West and South, He added that the whole ques- tion of good money, as well a8 of More money, was found in the enhancement of the vaiue of the P= ca unt they should come to a par with Specie. 4 DEMAND FOR RESUMPTION AND HARD MONEY. Mr. RANDALL, (dem.) of Pa., addressed the House in favor o! a return to @ specie basis and against apy increase of legal tenders or national bank notes, #8 @ step directly rom such specie basis and towards Lnfation, and as likely to produce an- other panic, followed by distress to the peopie. As @ means of immediate reliel, he proposed to diminish the bank reserves on account of circula- tion and deposit. of one-half the customs dues in legal tenders, as the other haif wouid yield $100,000,000 in gold, enough each year for the interest due on coin, to Wit—about $95,000,000, He animadverted against the banking system as the greatest monopoly of the present day, and urged his party friends to unite for resumption and hard money; and, further, for the repeal of all offensive monopolies whicn had found ive and had being irom tae past legisia- tion of the radical party, GOVERNOR DIX’S MESSAGE. Mr, E. H. Ropers, (rep.) of N. Y., said the time has come to eliminate every subordinate fea- ture in this long debate, and to rally avout the He also proposed te receiving | flag assailed. That is, redemption, New York has, | by its Legislature, m: The Message of ner Governor is hardly less direct ana significant than his famous order wiich Nashea through the gloom oi 1861. Then there was danger to tue Union. Now its honor and credit are in peril, ‘rample on sentiment and on principle, and nationality rests on quicksands. ing our bonds, but Since September $26,000,000 in have been issued, of the bonded debt has been paid. But your pledge to pay in the future cannot al- Ways be better than your sacred promise for to-day, Your financial structure depends on the treatment O! the greenback. Haste iS not been required, No one demands impossibiliues, Onty be honest; admit your promise; do not msalt yourereditors, Do vot brand “never” upon your promise to pay. Whatever else we can afford we cannot afford to destroy the taith of our own people in the mone- tary obligations of our government. Woe betide the day when the government shall become the embodiment of pledges deliberately violated! Will legal tenders and ‘since July $21,127,986 | de an appeal to Vongress, | We are | not our greenbacks, | Pe Tae ER lt ol POO ei me eee ing to have the currency question settled in vo- day's session, The motion to adjourn was cayried, and the House, at twenty minutes past Ave P. M., ad- Journed, ‘The bill comes up the first thing after the reaa- ing of tue journa! to-morrow, . THE COLUMBIA RING. How the Wood Pavement Makers Were Tricked—$97,000 Given on the Princi- ple of “Sending a Sprat to Catch a Whale”—The Man Who Wanted to Pa the National Debt. > WASHINGTON, April 9, 1874, In the District of Columbia Investigation to-day | the first witness examined wa@aobert McClellan, of Chicago, the surviving partner of the late frm | of De Golyer & McClellan, who laid upward of | 50,000 square yards of wood pavement in the city. | He testified that, en route to New York, in Feb- | ruary, 1872, while stopping at the Continental | Hotel, in Philadelphia, he received two despatches from one George R. Chittenden, of Chicago, to come on to Washington; that large contracts were to be awarded. At first he de- clined to come, but finally did, and was introduced by Chittenden to A, R, Shepherd, but that at this meeting no mention was made {tn regard to the paving contracts; that after remain- ing in Washington a few days witness went to Chicago, at which place he subsequently received notice from Chittenden that he had received an order to lay the De Golyer & McClellan patent | wood pavement in Washington to the extent of | 150,000 or 200,000 square yards; soon after receiv- img the notice he met Chittenden in Chicago; Chittenden then toid him that HE MUST HAVE NINETY-SEVEN THOUSAND DOLLARS to pay the expenses he had incurred in Washing- ton city and to help to pay a portion of the national debt; witness paid him $25,000 in money and $72,000 in notes, the notes -as well as the drafts being made payable to the order of De Golyer McCiellan and endorsed by them; the notes, as they fell due, were presented through the Manulacturers’ Bank of | Clucago, and the firm were not able to meet them; | the iirm did pay $20,000-of the notes subsequently | ¢ and arrynged jor the balance by selling, for tie amount Ot the notes stil held on interest, to Ira B. Holmes, of Chicago, in the patent for the process to treat wood by the Samuels treatment; at the time of selling the interest Mr. Holmes held tie | motes, but he did not deliver them uy, stating that he desired’ to retain them; in lieu of the notes Holmes gave the ti:m a written article to the effect — that they would never be presented for paymeut; he said he bought them froin @ Colonel Kirkland. THE UNCERTAINTIES OF DISHONESTY. Witness was questioned sharply why he gave | Chittenden the $97,000 and for what purpose it was to be used, He said he gave it because Chittenden prought him an order to lay the pavement in Wasaington; Le asked Chittenden why he wanted to use such aiurge amount of money, but ali the | answer he couid get was that he wanted to de- fray his expenses 1n Wasuington und uelp to pay the national debt; under the order given by Cuit- tenden to the firm they laid over 54,000 square’ yards of pavement, when they were ordered to stop Work by the Board of Public Works; at the | f time this order was issued a large amount of lim- ber Was owned by them tn this city, and they Wanted it worked up; they got Chittenden to come on irom Chicago and see if he could in- Muence Governor Shepherd to rescind his order stopping the work; Chittenden came on, saw | Governor snepherd and returned to Chicago and the men oj the Mississippi Valley, the heirs of | empire, celebrate thelr accession to power upon this oor by distrust of the resources o1 the nation, by infidelity to solemn pledges. The South and West need to have capital. the Jatal enemy of enterprise because a mortgage upon every improvement. Production hesitates While you have been Ciscussing the finances. It 13 not more currency which i3 needed but relief from the goid premium. I plead for property, for thrift, for all who reiy on thelr fuvure, and in their name protest against tainting all the streams of pros- perity. Great sympathy is expressed here jor the debtor, The first, the government. ‘The laborer, me- chanic and arusan are not debtors, No sympathy has been expressed for the borrower, jor the young and enterprising producer, who creates our prosperity; for the South and West, Who are the great borrowers, Every dollar bor- | rowed now will be made dearer by the gold pre- mium and the interest. What is the demand we make? Only not repudiation. If you must have more currency and Will make it, provide ior pay- ing it in due season. Use your sinking fund or half of it to purchuse your iegal tenders until they become at par in gold. In any practical, direct way begin to meet What is the alternative? Turkisn peasants have built their tombs above the golden _ ves- sels and cosUy treasures which illustrate the more precious story of ‘troy and the Greeks. Beware lest you follow tueir example and suifer dusi and rubbish to wide your weaith and your glory. Men of the South and West, do not trampie on plighted faith! currency by destroying the premium and bringing into use as Money, Im suc un infla- ‘od speed you! At the ciose of the debate various amendments were offered by Messrs, Maynard, Merriam, Par- great debtors are, | reported that Governor Shepuerd had told him that ne’d be damneé il he would let the work go on, because the citizens complaimed of the pavement; in the spring of 1573 one Jenkins purchased the interest ol De Golyer (then deceased) and Caitten- den was again called on to ask Mr. Shepherd to let the work proceed, but he reported that he could not get Mr. shepherd to do anything jor the firm, because the people did not hike the pave- ment and he (Mr. Shepherd) woaid not let it go | down; au extension was finally made by which your overdue obligations. | The gold premium is | 30,000 more yards Were laid, but notander the name ot be Golyer & McClellan, the name 01 the firn ee been changed when Mr. Jenkins came In. ‘he witness was asked by Judge Wilson ii he had | been to Mr. Chittenden at any time with reference | to the outstanding notes, He replied that he bad asked them to see parties who heid them and to have them be as lenient as posstole with the firm, and that he looked out for them in the matier, the firm at the time being threatened with an invol- untary proceeding in bankruptcy. Tbe iouowing interrogatory was propounded by Mr. Bass, of the committee :. Have you never asked Mr, Chittenden where he intended to piace those notes? A. Ihave told you I have; al! he would tell me was, it was to pay his expenses and | @partof the national debt; tke wool was pulled ner my eyes, und 1 have never beén able to get | it off. hav- A SICK “TRANSIT’’ ACCOUNT. | Mr. Josepii 8S. Cook, Who was bookkeeper, and conducteu the buswess ior De Golyer and McClel- | lan, m2 this city, Was then examined. He testified thatin the general course of the business of the | firm the $97,000 transaction was mentioned to him; he char it un the books to an account cailed ‘transit; did this because he didn’t kuow | | Where the notes were; he also charged the $25,000 You may get more | well and Mitchell, and then Mr. Maynard de- | mandea the previous question, Mr, Cox, (dem.) of N. Y.. appealed to the House jocularly to tet his colleague, Mellish, be Mellish having already made so many speeches, EXCITEMENT IN THE HOUSE. The excitement which had been growing on the subject all the a(ternoon was intensified when tue, opponents of the bill, under the lead of Mr. Butlef, 01 Massachusetts, who desired to have the Senate bill substituted ior it, voted down the previous question—yeas, 77; Raya 142, Titis gave Mr. Butler control of the question, and he promptly, amid great con(usion and excitement, Taoved to postpone the Jurther consideration of the bill until Tuesday next, stating that he would !ol- low that vote with a motion to go to the Speaker’s table and take up and pass the Senate bill, The motion to postpone was carried—yeas, 133; nays, 121, as follow yeas—133, Adams, Marris, ot Ga, ‘Arthur, Harris, of Van, Ast Harr son, ‘ Hatcher, ‘Averith, Havens, Hawiey, of IIL, Hays Haselton, of Wis., Haseiton, of N.S, Hodges, H Reait, Richmond, Robinson, Rusk, Saylor, of Ohio, Le Bright, Brown, ada, Sener, Buckner, Kuapp, Shans, Bunty, Lamur, Sheats, Burrows, Sheldoa, Butler, of Mass. Sherwood, Cain, Lonand, Smash, or Pa, Caldwell, Loughridge, Sunith, ot , Lowe, ot Lynch, Marshall, 12, Clements Martin, Cobb, of Kansas, Maynard, ord, Comingo, MeCreery, Stowell, Conger, NeDill, of Wis, — Strawbridge, Cook, MeJunken, ‘Tyne Enittenden, McKee Crossland, McLean, lace, Crounse, MeNulta, 113, Bancorth, h yarrall, Davis, of W. Va., Whitehead, Donnan, Williams, of Ind, Dunne, Wilshire, Durham, Eden, Kidridge, Field, Wootworsh Freeman, Young, of Ky. Hammer, Abert, Piatt, of N. ¥., Albright, Polana, arber, 5 Barua, Fg 8. th, “ certs, Ki. He, takes Holman, Kens. Bromberg, ‘Hooper, Baw ser, wlintony ould, Bur Reudder, of N, J., it, Sessions, gE Socoaiaker, mart, or, Bmith, of N. ¥., Smith, of Ohio. Southard, Lene! eer, Loundes, Sturkieathor, ‘ Luttrell, St. John, Cox, MeDill, of Towa, Stone, MeDougall, Swann, Merriam, Thomas, Mitchell, peed. Monroe, 5 Moore, Waldron, Neal, Ward, of II. Niles, Ward, of N. Ne Wheeler, p Whitehouse, itele Whitthorhe, Lips Witiard, of Vt, eS os ofN. &., wes, of High . ons, ‘iliams, of Wis., yuk eton, Williams, of Mass., Havana, ys Williams, of Mich, of Me, Ips, Willie, Hale, ot 3. ¥., Herve Wood” xtmilion, Pike te | Harris, of Mass, Plats of Va., Young. of Oa ov, Norg.—Mr. Maynard, who had charge of the bill, voted aye, in orde! he might move to reconsider, Most of ite ‘onpouents of expansion voted against the postpone: Mr. BUTLER then moved to reconsider and lay the motion on the table, the parii of making the decision nal. piuinesa auniorg It = now gd o'clock, and AP apa ta to adjourn was interposed, and, on a vote by tellers, wi s Hed—111 to 100, A dor ster Mr. BUTLER demanded vhe yeas and nays, desir- } ence to the pad) drait cash payment muue to Chittenden to the “transit” account; he understood that $10,000 of this amount was paid to 4 man named Prown, but notS. Pp. Brown, oi the Bourd of Public Works; he said he opened this “transit account because he had to account for $97,000, and ie had no other place to put’ it. He said he did not think the name of Wiliam S. Huntindon was on this ‘transit’? account. | Mr. Mcclelian, before being discnarged as a Witness, was directed to torward by express to the Committee ail the books of De Golyer and MeCleilan, as well ag the telegrams and corre- spondence received by them trom Chittenuen, JOURNALISTIC INFLUENCE. Jovn Collins testified tuat his partner, Zephaniah Jones, handed him @ contract lor paving two | Streets one moruing, and that he was surprised | because be tad never made application for the contracts; Jones told bim that Mr. Murtagh, pro- | prietor of the National Repudticun in this city, nad given them to him; Mr. Murtagh claimed one half of the project, and asked fim ut he proposed to jurnish any means; e@ did not; Jones and Collins built the new #e- | publican building; Mr. Muriagh based his claim for an interest in the Contr.ct because lie alleged | he had used bis influence in securing it; no work Was done under the contract because Collins re- fused to recognize the claim 0! Muriagh, TESTIMONY OF EX-GOVERNOR COOKE, Ex-Goveruor Cooke testiiied substantially that in the summer of 1872 he was tniormeu by Hallett | Kilbourne that he intended to make some pur- | chases ‘or customers in reai estate, and he wanted us firm—Jay Cooke & Co.—to juin in the purchases, | which they did, to the exteat of $25,000} there was no arrangement as to location | in purchasing; there had been no settlement of | the matter; there might have been but tor the suse pension of the firm, with which witness was con. hected; le did not know who the other persons were who were in the pool; he had unbounded | faith in the growth of Wastingtou, and invested his money bere; bis impression Was that the pool Was to be between $50,000 and $60,000; witness? indrvidual interest was about $5,000; ne had nad ho particular conversation with Kubourne ia reier- | dispose of in accordance with his judgment. The committee adjourned at lali-past two o'clock, and notified Governor Cooke that he would again be calle THE FIVE POINTS MisSION SCHOOL. pa AT aah The annual reception of the Five Points Mission School took place yesterday afternoon in the scnooi buildings, No. 61 Park street. There were about 450 cbildren present. The exercises were directed by the Rey. J. N. Schaffer, Superintendent | of the school Among the lady managers present were:—Mrs, William Kyen, Mrs. F, Hol- stein, Mrs, W. B. Skidmore, Mrs, Dr. $, Olin; Thur low Weed, upon entering the school, was warmly received and invited to a seut on the platiorm. Mr. C. H. Hausiey distributed the prizes. . Mr. Bundy addressed the classes at considerable | length. The exercises consisted | resoiutions, singing and the reading of Germen lessons, PB Ao of prizes Which were distributed was as ows — SKIDMORE TESTIMONIAL FOR WRITING—CIVEN BY MRS. Y. B pREnY, First ClasomJ. Pletcher Shera, Lydia Campbell, TI Cunninghame ! nee oe Second Cluse—Annie Hoeptner, Theresa Rumanini. SHAFFER TEST AL FOR AMITHMETIC™IVEN BY MISS KATE | BOND First Clam—Alice Raby, Emma Price, Lydia and Mary Ann Cough bana > on an and Lena fatin, VEN BY MRS, HOLSTERS. Lizzie Johuson. AVEN BY M. COUGHLAN, MAN PRI Mary Ann Coughla SPRLLING PRUE John Lee. The Mission School, judging from its annual finaucial report, 1s m the most sutistactory condi- | tion, Last year it bad in the treasury $i1,163 34, | and received irom various sour 6,752 33, make ing 4 disposavle tund of $27,915 ot. The amount expended was $14,989 4i, and the bulauce in treasury to May last $8,926 26, 80UP STOPPED IN BROOKLYN, The Fourth precinct soup kitchen has closed * for the season, having fed, since February 18, 133,475 persons. The Tenth precincs soup house Will close Next week, SEVEN MEN DROWNED, A Boat Upset During a Gule on Lake Michigan. Ciicaao, TIL, April 9, 1874, Daring a gale yesterday a boat containing nine fishermen, who were setting seines in the lake, about Ofteen miles south of this city, was capsized and seven of the men were drowned. | shop he leit the money with hum to | ¢ COMMISSIONER STERN'S DEFENCE. How Tweed Came To Be Moderately Treated— Stern Finds Him Dying on His Cot—The Pre- cautions Taken for His Safety—The Boss” Ordered Back to His First Quarters. The Commissioners of Charities and Correcjion met yesterday afternoon, the principal business to be done being the consideration of Commission- er Stern’s report in regard to William M. Tweed’ quarters on Blackwell's Island, The report was accepted in accordance with resolutions, which are appended, THE REPORT. To tax Commissioneas oF Pustic Cuanitigs axp Cor- RECTION GentLKmeN—When last week I moved to lay on the table the report and resolutions made and offered by the resident of this Board, in regard to the treatment of Willan M. Tweed, I did so*with the view o: obtaining the necessary Ume’ to Make such statements and expla- jons as Were requisite in answer to said report and resolutions, which [ was prevented irom doing then be- culise of the severe indisposition from wie! 1 suflered. 1 beg now to submit my report on that subject, which I trust will remove the many erroneous impressions cre- | ated by the numerous Versions that were set in circula- tion among the public. , On Friday lost the President und myseif went over to the island tor the 2urpose of locat- ing a telegraph by which the Penitentiary, the, Fiity-ninth street police siation and the Headquariers of the Police were to be connected, according to a resolution recently passed by the Board, on my motion. Tnis con- nection was to be made as wn additional safeguard against emergencies that would require a more numer. ous fotee than that afforded by the corps of keepers, in cases of attack oF attempts at rescuing prisoners by com. bined forces. It was well understood, and distinctly stated by me, that the Commissioners; in the considera, tion of this measure of precaution, had special reierence to the safety of William M. 1weed. Ever since the con- signmeut ot that prisoner to our custody we have taken more than ordinary precaution to cuard against mishap; and we must aduit that the confluement o: Tweed In the Penitentiary caused us no little embarrassment, espe- cially to mysel:. who had been charged from the time of assining the office of Commissioner with the supervision of the various prisons under our charge, and much oi the administration. Whatever opinions people may entertain of the culp: bility of Tweed, with which we, however, who are. st ply, Charged with the execution of @ law, haye nothing 0 do, it must be conceded that he is an exception to the ordinary Class of criminals consigned w us. ad- vanced age, the habits acquirod during many years of a Ife of comfort, ease and opulence; his delicate condi- tion, that required for years previous to his imprison- ment the c: nstant cure and supervision of a physician, would not perinit his exposure to the same rigor and dis- line which the other prisoners are necessarily sub- | ed to without endangering his lite and making a hero im. placipg a Crown of martyrdom upon that very of persous which the law intended to degrade. her were we unmindful of the reflections and insin- ons that were liable to be made were we to make plions in his favor, however imperatively de- manded by the cireumstances as they presented them- selves. ‘The Commi cretionary powers im regard to the treatment of prisoners confided to their care. The law demands that the prisoners should be kept in safe custody; it does not demand, and certainly not imtcnd, cruel and harsh treatment, It permits the establishment of rules and regulations in order to secure the necessary discip- line and obtain absolute contro! over the prisoners— they may be set to work and empioyed in the manner deemed most judicious by the Commissioners. This dis- erction, 1 a certain measure, is again aelegatea 10 the suveriatending officer, who has direct control of the prisoners. One portion he sends to the quarry, another he details to the carpenter shop, another to the shoe some are made to do the Work of house servants, others that ot hospital nurses. Not all prisoners aré consigned to a cell, as, for Instance, the temaie prison- ers, who sleep i the ‘Chapel, used as dormitories. Of course, the detall of the ordinary class of prisoners to -ind of work or the other excites neither inierest nor ertectly immaterial to the public or the n the case of a prisoner hike William M. . The prominent position which he has occupied for @ number ot years in the affairs of this city has gained him a host of friends and of toes, Each of them Waiches With a keen eye the mode of treatment he is\subjected to, and the Commissioners are almost cer- | institutions. joners are clothed with vast dis. |* tain to earn the displeasure aud dissatisfaction of either the one or the other. While this would not affect us in pursuing the policy due to the law, which requires abso- luie equalit of all that com within its | rule, it be gainsaid that its execu. | | cannot in regard to Wilham M. Tweed required unusual discretion and circumspection. It was on the 29th of No- vember last that William M. tweed was delivered by the sheriff to the Warden of the Penitentiary. The foliow- ing day, sunday morning, I paid a visit to the island, and, !ooking in Tweed’s cell, I saw aman stretched upon | a bure cot, apparently in a dying condition, panting 1or breath and air. and I am positively convinced that had he not been removed from there he would not have ont lived his situation for forty-sight hours. Tweed, as well knowa, is a man of tall'stature, of Lirge proportions. Previously to his confinement he suffered. as J subse- quently ascertained trom a communication trom nis iuinily physician, Dr. Schirmer, to Dr. Macdonald, yhiet of Stail of Vhysicians to the Charity Hospital, mont bil- ious diarrhaa, and ‘was under constant medical treat- ment. Previols to this he suffered tor many years frou apoplexia-sanguinea, I had betore me in that cell a sub- Ject of such abject misery and suffering as would have touched the heart of the most untecling man. Only a part of his boay had room on the littie cot, the other por- tion of tt was hanging over; his head throwu back, shivering all over with cold and prostration. “You have brought me here to die,” said the victim, ina husky almost uneartiily voice. I would bave been guilty of violating the simplest pre- would have becn deretict to my under whose charge are placed a ings for the purpose of cor- nent, had i not ut once taken the man before me trom. je was in. ‘Che int large number rection and moi such meusures as would resc the Imminent peril whic ir the law aud of the sentence which piaced Tweed re he is was to vindicate the outraged majesty of the law, not to take his lis Had that, howeve! een the inten- Yon, ast tel confdentit was uot, neither mygelt nor is'Board would consent to play the part of the ex- ecutioners. Iorderea at once the removal of Tweed the hospital, and, making the following morning a ve bal report to the’ Board, it was decided to detail him orderly to the hospital’ The examination of Dr. Mac- donald o1 the condition of Tweed confirmed the opinion | that thi it of Tweed to a cell would prove fatal to became necessary to provide which — would With sufficient space ‘the first question to consider Was that of safety. The Peni- | tentiary consists of a centre building and two wings, the | Plan ot which 1s hereunto, annexed :—Phe cells are io- cated in cach of the wings; in the centre are locaied the | office ot the Warden, the sleeping quarters of the keep- | has quarte! within of the } era the dormitories jor tne jemule prisoners, the chapel | e Y and the ho-pital latter can be reached through winding stairways frou the hall of the prison, as well as by & passage froin the second floor of the centre prison by wa$ of the chapel. The contre structure with the tWo wings constitute the Peniteutiary, the prison proper. On the ground floor o: the centre structure are the ouice of the Warden, tie kitchen, the pantry, the dining room, the barber shop and storeroom. On the second oor are the keepers’ bedroom and sitting room. On the third | floor is the chapel. On the fourth door aro ihe female | prison and the hospital. A prisoner confined, theresore, within a room in the centre building is as safe as one | lodged in any oi the celis. Aiter consUltatton with the Warden, I had a room pro-" | vided on the second tioor, at the turunest end of the hall, tor tht vi It contains but one win- | dow, which is sateiy secured by iron bars, there are donbie doors to it, of which the outer one 1s very strong, | secured with iron boits and heavy locks. fully as sate as | nt Which at night never contains icgs than occupants On the same floor, not over twenty-five distant are other vedrooms that never contain Jess th: from five toten occupauts. Icould not imagine a plice th the whole building that would offer greater security than the room in which Tweed is now confined; there are more eyes fixed upon him, it he ever should make an attemptat inghi, than in any other part of the building, ‘There are more persons in the immediate vicinity of his room that watch and would prevent his escape, than y where Ml the prison, especially at such a ume when an escape might be planned with any | chance of success. the room in which he | 18 confine. isa little better than a large cell, and as to the luxury of its appolatments it is simply w stretch of the imagination. here is no such thing as wall vager; a few yards of paper muslin are tacked round the walls to guard against the moisture, she carper spoken of dissolves its! into a couple ot old rugs, and the hbrary is a simple shelf with a few books on il. The luxurious outfit lags much behind the comfort aud show which the President ot this Board and myseli have witnessed in the cells wherein white and colored prisoners are confined, in the State Pri in, Kings county ains, nor framed at Sing Sing and inthe Penitentiary that neither carpets, nor. white cur- ictures hor shelves were wauting in and { remember that ny rien, me. Ly Pleased at the humane spirit ex- se indulgences. William M, his bitterest antagonists, de: ion than the meanest cuipri the highwayman or the shoplifter, but e certainly ’Is entitied to no less consideration. Even in the State Prison at Clinton, where the discipline and routine is probably the severest of any {a the State, Lam ereditably informed that the prisoners are not debarred the privilege ot providing trom their own means such little comiorts as make lise in that little space to which | they are confined more tolerable. VPenitentianies an State Prisons are correctionary fustitutions, wot estab- Ishiments of practices of cruelty and torture. The son- tence which consigned Tweed ‘to prison did not enjoin us to torture him or to undermine pis health, und who would curry the spirit of partisanship to that extreme as to begrudge an old man the comiort of afew old rugs, @ mattress anu # few books? As to the privileges granted to him, what are they? He has to conform to the rules of prison lite, and has to perform the duties assigned him with the same regularity and punctuality as are ex ted of other prisoners. Not only does the record in hospital sbow that he has never fuiled since his being tailed as orderly to perform his duties, bur Dr. MeDon: ald siates that since the attendance of William M. weed marked improvements have been made, and that in the ftormance ot his duties he brings to bea apd faithfulness. But in order to version correctly, I produce here the burglar, Joules MeDonald words :— ive Dr. is OW, DR. MACDONALD'S STATEMENT. My answer to your inquiry as to what would have deen the probable result of a severer course of diseiplin than that to which he (referring to William M. weed) has been subjected, was, that taking into consideration Mr. Tweed’s age, corpulency, habit of body and habits of | life, it was my opinion that the entorcerment in his ease of the regular routine, to which such convicts as are not tor sim: reasons similarly excused, are subiected, | Wouid result seriously and possibly fatally. Your text | question was In regard to Mr. Twood's, porformanes of is duties as hospital orderly.” I stave that there were two orderlies on duty, Mr. ‘Tweed and another inmate, 4 physiclan by education, who was assigned to this rel tively desirable position on account of his former col dition in lite and his superior intelligence, just as Mr. ‘Tweed was ¢o assigned, and just as it is cdsiomary in this and all prisons to give the easier berth to prisoners of the better class, The hospital under the care of these Thies was better attended to than usual and that were well performed. At my visita of inspec» tion [ have almostinvarianly foand both ordertiesin the | hospital, and have found them both attentive to my in- structions and respectiul in their deportment. Tt was the day which the Christian world has set aside as the termination of sufferiug, preceding the | stig of Joy and jubilation, generaily designated Good Fiday, on which the President of tht Bourd. made: the ‘as irway lead! “+ tr aie e hospital to the part of the building where hig tom ts, Regretting deeply the uneasiness and perturbation caused by this discovery to my esteemed colleague, I must. con- fess that, tor my part, I fail to see the reason for ll ‘Tweed was then in prison; every outlet guarded against him as to other inmates ‘of that deparunent, secure! fastened doors wherever he turns, and, besides alt that, in the care of Keeper Macdonald (not the doctor, who hoppens to have the same name), who has charge of ihe hail. Thavo stated already that trom the hall on which hisroom is located a door bolted «nt rd leads Sino ‘seourely fastened. lean h rd stenied, leads to the panuge fe 1s brought daily to the Napa thy « Kee he is taken Lh ‘attend to his work: when that is over bac! to his room and locked in, There aro prisoners w ordered by the obycisian evary ds remainin ‘Snares ) Vaultress, they are not im thetr cetts, out under nr of tne Kee See a nized by t the pul of exercise, ordered by Dr. Macdoni of a keeper. What the ‘at so late @ date was something of which he might have been cognizant and familiar with, Leaving ag the President did, by not making inquiry or ‘aising @ question, I have taken such action in re- rd to the treatment of Tweed as would conform to our sworn duties as custodians of the criminal and as men | Who carry out the law not in a spirit of vindictiveness but of humanity and charity. The President might have extended that confidence if ime « litte, Turther, aiid have rested assured that nothing wi pericct security wad walety it undone to attain le of William M. ‘Tweed’s per- son. Iam sure the President, of whose humanity’ we have had 80 many proots, did not desi: rigor exercised in the treatment eed; he would not advocate hisempioyment in the quarry uor in the blacksmith’s Sop hor does he want Prison disci- vline turther applied than is demanded by the of the emergency ; he only wants absolute security of Iweed’s person, ecessity ies verte of fri calm investica- don would no doubt have satisied him as it did myselt, But in order to satisfy the anxiety of the most timid, { Would propose that an iron gate with a safe lock be put up atthe head ot the stairway on which Tweed’s door is located, and T shail cheeriully give my vote to the ap- poiniment of @ keeper of Mr. Laimbeer’s own selection as special guard to Mr. Tweed, . hat 1 will not conseut tu isto lend my hand to the exercise of unnecessary harsh and creel ineasures not d by law and not demanded by the functions of T would, on the other hand. grant cheertully the prisons under our charge ile ch tittle comiorts as might be enjoyed Without prejudice to the discipline and good order of the Ar relatives of prisoi i nish his ceil with a strip ot carpet id Tobjeot to a decent mattress, to @ book shelf and good books. 1 want to improve the characier of the fortunate creatures who have offended society by vio- lating is laws. They are members of @ degraded bu- manity—but atill of humanity. ‘The orders I have given in regard to the treatment of | William M. Tweea were given open-handed, I have none to take back. ‘The mouyes that guided me were those ot an officer aischarging his sworn ce not influenced by sympathy for or antipathy against the prisoner. Those Whose object 1t were to drag the late chier of a political party before the public aud gain the sympathy of the ople tor him would subject him to condign weatment. have no cause nor desire to make a martyr of Wiiliam M. Tweed. [treat him as a human being, according to the situation and condition pecultar to his individuality, as I would treat every other prisoner. by taking into cous sideration his previous condition ot life. have only to add,.that comparing our institutions with others, as, tor imstance, the State Prison at ing gz, although oursis tar more exposed, we have, since our administration, had less loss by the escape of pris- oners than any other. I believe to have tuily retuted the imps chargex contained in the report of the Presi- dent of this Board, and given sufficient reasons tor not supporting the various resolutions offered by him. in conclusion, in order to silence every anxiety as re- gards the satety of William M. Tweed, J offer the tollow- ing resolutions for your adoption. All of which is respecttully submitte MYER SIER ‘Commissioner, THE RESOLUTIONS. On motion of Commissioner Laimbeer the fol- lowing resolution was unanimously adopte Resoived, That the report be received and enterea upon the minutes in ful, , Commissioner Stern then offered the followin, Resolved, That a window be cut through the wall on the groupd floor in the Penitentiary facing the entrance, te enable the oflicers in the Warden’s office to see ull persons that go Up and down the staus leading to the upper floors and all persons that have to come In and go out through that hall known as the main or office entrance. Resolved, That an iron gate be placed at the head of the stairway in the contra! building of the Peuitentiary and secured in the most effective manner, Commissioner Bowen offered the following amendment to the second resolution :— Resolved, That an iron lattice be placed across the hall, from celung to Hour, wilh a gate. . On motion, the report and resolutions as amended were adopted, Commissioners Bowen and Stera vowing in the aiirmative and President Laim- beer in the negative. commissioner Laimbeer then offered the follow- ing:— Resolved, That the Warden of the Penitentiary be ordered to send an inventory of furniture and all things now in the room occupied by William M. Tweed, or that may have been in the room since it was furnished, to whom ‘they belong aad the date when Mr. Tweed was removed tliereto. This resolution was adopted, all the Commis- Sloners voting tn its favor, Mr. Bowen then offered the following:— Resolved, That cain § quarters for the orderties of the Penitentiary Hospital be provided within the hos- pital. . ‘This resolution was adopted, Messrs, Bowen and Laimveer voting in the affirmative and Mr. stern in the negative. It was stated yesterday by those well informed that Mr. Tweed must at once take possession of Other quarters than those he now occupies, and probably sufer again all the privations he en- dured the Hirst part of his jacarceration. HORSE NOTES. tee ee We have received a copy of the entries for the eventg which closed on the 1st inst. to be run at the July and August meetings at Saratoga the coming summer. In the sweepstakes for ull ages, one mile aud a quarter, there are thirty-one en- | tries, comprising such clippers as Grinstead, Minnié Mac, Suk Stockings, Periwinkle, King Amadeus, Springbok, Tubman, Katie Pease, Mary Buckley, Stonehenge, Tom Bowlng, Strachino, Catesby, Survivor, Weathercock, Preakness, Mate, Dan O'Hara, Dubdluv, Business, Wizard, Artist, Carivoo, Jack of Srumps, Valentine, Crockford, Jean Val Jean, Meta H., Lotta Moone and Ortoian. The Flash Stakes for two-year-olds, half a inile, has thirty entries, the get of the most fashionable. racing stailion, such as Lexington, Leamington, Lightning, Kentucky, Baywood, Nar- ragansett, Enquirer, Australian, Warminster, Tip- perary, Star Davis, Eclipse, Jerome Edgar, Vandal, Hunter’s Lexington, Rivoli, Gladiateur and Rata- | plan, ‘The entries for the Saratoga Cup, a dash of two miles and a quarter, number thirty, comprising Whisper, Shylock, Il Used, Count d’Ursay, Crockiord, Waverly, Jean Vai Jean, Abd-el-Koree, ‘1ubman, Springbok, Katie Pease, Tom Bowling, Strachino, Galway, Ransom, Sur- vivor, Preakness, Monarchist, Eolus, Fellowcraft, Lizzie Lucas, Cariboo, Stanford, Letola, Jack of Trumps, Merodac, Silent Friend, Joe Johnston, Wanderer and Fred Bonabel. The Sequel Stakes for tnree-year-olds, two miles, lias twenty-one nominations, comprising Grinstead, Scratcn, Countess, Madge, Red Dick, Julias, King Pin, King | Amadeus, Weathercock, The Huaxer, Dubiia, Cul- pepper, The Ghost, Vonved, Reform, Vaultress, Letoia, Valentine, Astral, Colonel Neliigan and Vandalite. The Summer Handicap ior dll ages, two miles, has twenty-nine nominations, weigits to be announced on the 20th of July. Sweepstakes lor two-year-olds (winners of $1,00¢ to carry 5 lbs, extra, of $1,500 7 Ibs., of $2,009 10 Ib and the sweepstakes jor three-year-olds (winners Of $1,500 go carry 5 lbs. extra, of $2,000 7 Ibs., of over $2,000 10 Ibs, extra), two miles, closed with | hineteen entries. THE TURF IN CALIFORNIA, [From the San Francisco Chronicle, April 2.) OAKLAND TROTTING PaRK, April 1—Trotting; mile heats; three in five, to harness; purse $500, A. Lewis named s. g. Jerome... 8 SLL 0, A. Hickock named br, m, Elle! ve Wis, seeeeeees seseeeeee T. McClepnan named pb. g. Calilornia Dexter. eeeeee . F, van Ness named ch. g. Time, 2:29 94—2 320 }4—2 1334 —2:30—2 : A despatch was received by Mr. Martin yester- day from Joe Daniels, dated New York, in which he instructs him to withdraw the proposition for @ four-mile-and-repeat-race with Thad Stevens, He states that there nas been too much delay im the | Matter and that he thinks of taking Joe Daniels and Hubbard East shortly. The challenges issued by the owners of the fast- trotting stallion Elmo a short time since have not been accepted, GITY AND COUNTY TREASURY. Comptroller Green reports the following re- ceipts of the treasury yesterda; From taxes of 1873 and interest From arrears of taxes, assessmi From Water rents . From Water permits... From licenses—Mayor's Office, From Bureau ot Perinits—Mayo From fees and Anes—District courts . Total... ene . $28,063 LEXINGTON AVENUE ASSESSMENTS, The assessment list for Lexington avenue open- ing between 102d street and Harlem River amounts to $1,246,964, of which amount $542,312 is assessed on the city at large. Tne valance, $724,652, is ns- sessed for benefit on ail lots boanded by Fiity- Ninth street and Harlem River, and between Third and Fourth avenues. . Parties Interested can pay their usssessments on or before May 22, without interest. After tha: day interest will be charged at the rate of neven per cent trom the day ‘of con- firmation (February 10, 1874). Number of lots as- bessed, 5,070, THE HORRORS OF POVERTY. Boston, April 9, 1874. Winslow Radcliffe, who was out of work and Gespondent, committed suicide by taking laud. anum at North Atuleboro on Tuesday, and yester- his son Benjamin, nervously affected, also took eae but his liie was saved by prompt medi- | treatment. The elder Kadclife served through ake three- | | quarters of a mile, has thirty-five nominations. THE SIN OF INFLATION, ‘Will President Grant Note the Warnings of the Party Press? : Below will oe found additional extracts from some of the leading journals of the country upon the sin of expanding the currency :— The Cleveland Leader (administration) repu- diates the charge that the West is in favor of re- pudiation; declares that all the leading journats, with, perbaps, half a dozen exceptions, are as firmly ‘opposed to it as- the press of New Eng- land,” and, as proof of this, instances the action of the Boards of Trade of Chicago, Cincinnati and St, Louis, It remarks:—“There is in the West the same diversity of opinion on this great question that there is inthe Middle or Eastern States, with the exception that there 18 no Western State so unanimous and determined in tavor of inflation as Pennsylvania.” Discussing the Inflation question the Cleveland (Obio) Plaindealer (democratic) declarea:—“It te wild tinkering all around, and the business of the country has to pay tor it.’ ‘The Fond du Lac (Wis.) Daily Commoniealth (ad- Ministration) hopes (iu referring to the act of Congress) “that this unwise action will result in teaching the people, tnongh the lesson may bea bitter one, that promises to pay are not money, and that to multiply them is not to enrich. but to impoverish us, and that to temporize with a vicious system of finance will only aggrayate and make the day of reckoning more formidable when it does come.’? Speaking of the mimority who forced the Int. quitous measure upon the country the St. Paul (Minn.) Pioneer (democratic organ) says:— They have no real conception of such things as principle and the inevitable eect of violated laws oftrade. Their ideas, indeed, are as watery and gaseous as the wretciied paper bubble they have voted toinflate, But the party itself proposes. to adhere to the right and 1s opposed to the miserable sham and abomination. If any credit attaches to the performance it belongs to the republican ma- jority. Democrats wash their hands of the tni- ‘quity, fovesecing as they do the inevitable end o! tt. The Newport (N. HL.) argus (democratic) is very indignant that democrats loaned their votes in favor of inflation, and expresses the hope that “the party will unite in denouncing them as they have in denouncing those who were implicated in the Mobilier enterprise, or even those who voted for the salary steal. Their ‘offence is rank; it smelis to heaven.’?? The Baltimore Gazette (democratic) closes an are ticle on **The Financtal Debauch’ thus:— Whether the. President. with the opinions he is reported to hold on the subject, will conform his acts to his opimions, and respond to the hopes ex- pressed by the Boston merchants, by putting his veto “on ail bills tending to. inflate the currency, or'to unnecessarily postpone the resumption of specie payments,’ depends upon whether he has the firmness to stand by what are said to be his convictions. It wouid be bold even in him to make & direct igsue with the republican majority in Con- gress, led by Morton and Butler and other promt- nent demagogues, who have no scruples about violating the public faith, and who, in seeking to attain thetr own selfish ends, have shown them- selves as devoid of conscience as they are of the first principles of statesmanship. The Mobile Register, edited by John Forsyth, after recalling the oft-repeated promises of Con- gress and the President to strengthen the public credit and return to specie payments, closes with these words, which, coming from one of the most influentia! Soutnern journals, are significant:— Years have rolled by, one administration nas ended and a new one is entered upon, and now we find his Congress, in both branches, with paper money inflation on the brain, turning its back ‘upon all the learning and experience ot the world, running headiong away from the promised “specie basis” and planging the business of the country intp a wild monetary debauch, certain to wind up in panic and ruin. The votes in Congress on the incipient measures of inflation leave no doubt what respect that branch of the government Means to pay to its promises, The Kingston (N. Y.) Argus (democratic) asserts that “the democrats in Congress failed in their duty to the principles of the party, and meet, as they deserve, the severe condemnation of the democratic press, which speaks the sentiments of the masses,” Relerring to Governor Dix’s message on {nfla. tion, the Albany Argus (democratic) remarks:— Notwititstanaing tne fact that the protest of His Excellency wiil tall unteeded upon the listless ear | of a besotted Congress, and that a remonstranee on the part of the Legislature will fall with like tn- eectiveness Upon that stolid and stupid body, the recummendation 3s Umely and opportune.” Not only in the event of failure, as His Excellency very pertinently remarks, will the Legislature have the consciousness, in the midst of the desolating siorm which Congress invokes, ot having sought to prevent its calamitous conse quences; but their action muy not be unheeded by the President, in whose handa still hide the unseen forces whitch shall either stay the storm Congress would gather, or else release its Inries, to tue final destruction of the material | interests of the country, The New Haven Journal and Courier, controlled by Postmaster Sperry, says:— The sole hope of the country now lies in President Grant. Seldom have the wealth and intelligence oi the lanu been so unanimous on any question, ‘The issue 18 not sectional at all, except as the great centres of civilization and intelligence are Mostly jocated on the Atiantic coast. Wherever there exisis any real knowledge of basiness, and wherever there is @ large and enlightened commu- nity, there will be found the party ot specie pay- ‘ments. Wherever we find icnorance and passion, commuuists aud demayogues, we find the advo cates of “cheap money.” We sincerely trust Gen- eral Grant, who is President of our whole country, Will use his constitutional power to repel the as- “sault of an unworthy Congress on our national honor and prosperity, Otherwise the Barnums of the twentieth century will exhibit gold among their rarest curiosities. The St. Louis Globe, an earnest supporter of the administration, 18 very pronounced against: the iniquity — ‘The worst ene:ies of our country could hardly | invoke a uce, cv iuiuilation than the recbrd o1 tae Past forthiznt’s vottng in both houses of Congress on financial questions, and it would be hard to choose between ascribing the humiltating resulta to dishonesty or stupidity. One could feel some kind of admiration ior the financial outlaw who makes tis seat in Congress an ambush from whico | to spring out upon the intercourse of nations; one | fecls about the same admiration for a Congres- sional repudiationist as fora dashing highway rob- ber; but the “miserabie pottering avout a plain question of honesty, the weak subterfuges that were put forward as excuses for undertaking a oviigation that there was no intention of dis charging, remind one rather of the mancuvres lor @ sleepisn spendinrifs who is try: {ing to optain a brining advance from @ | friend to whom he is only too well known, The fact once settled that a majority of tne Members of Congress were inflationists, it would make very little difference what method of infla tion they would choose. Sitwated as we are at Present, Inflation can mean only one thing. government of the United States having issued More of its notes than it is able to redeem, infla- tion means that it shall issue more of them, and, ag a necessary corollary, that tt shail put aside in- detinitely the though of attempting to redeem them. It can make but very little difference | whether the neediess addition to the dishonored currency he sent forth under the sitnature of General Spinner or under the signatures of various bank presidents, whose limited ability 18 attested by the certificate of the Treasury, as long as those Who issue them content themselves with promising to pay adollar and most firmly resolve never ta keep theit promise. They are birds of a feather, 48 like as two peas, und as equal in point of ser- vice as two countertett notes on different banks, ‘The Barnstable (Msss.) Patriot (independent), thinks that President Grant, belug opposed to in- flation, ought to exercise his veto. It says:— Inflation of the currency Means increase in prices, and that 18 what the people do not want, A return to specte payments would tend to reduce prices and that 18 what the people do want. I that cannot be accomplished now, it is the end ta ‘be kept in VieW and reached as soon as possible, ‘The Ogdensburg Journal (republican), speaking of the probability of Executive incericrence, saya of the President :— Me was @ good man to command our armies when every other general had been beaten, He ‘was very usetul ag @ candidate for President woen tt was belleved no other man could be elected oo the republican ticket, And bow, when Congresa has lost its bead, it is good to Lave a iirm hand at the heim to bring matters into order. But at odd times, in sinali matters, we du “nd a great deal of fault with him. The Worcester Gazette (republican) says:— There is Arumor Of a Presidential veto, but We hardly dare nope for it, We observe that paper dollars are worth fiiteea cents a@ piece in St. Domingo. 1i the West and South do not presently fet sume light on this mattor, it may yet take @ peal of United States greenbacks to buy a new ate The Portland Argus (democratic) pute it ¢haa strongly :— ’ Edward Atkinson, in his anti.tnflation address ip Cooper Institute, took for his text “a lO aa@ Standard of value“ ‘True to the letter. ped eal is @ Jie—the promise hes is not fab Hed; but it must be coniessed that it ls e lle web Stuck to by the powers that be.