The New York Herald Newspaper, June 22, 1874, Page 6

6 NEW YORK HERALD BROADWAY AND ANN STREET, — JAMES GORDON BENNETT, PROPRIETOR THE DAILY HERALD, published every day in the year. Four cents per copy. Annual subscription ‘price $12. All business or news letters and telegraphic despatches must be addressed New Your Elupary. letters and packages should be prop- erly sealed. LONDON OFFICE OF THE NEW YORK | HERALD—NO, 46 FLEET STREET. Subscriptions and Advertisements will be | received and forwarded on the same terms as in New York. Volume XXXIX. AMUSEMENTS THIS AFTERNOCN AND EVENING WOOD'S MUSEUM, (Broadway, corner of Thirtieth street, TIE SKELETON HAND, at '2 P.M. closes at 4:3) P.M. S. ; closes at 10:30 P.M. Hernand ‘oster. ARVEN, LO’s Broadway, rince and Houston street TWO sl: DEFORMED, ats P. at lu:45 P. Vheelock and Miss fo: TERRACE GARDEN THEATR! yFifty-eighth streei, near Third avenue. gtic and Operatic Performance, arse. THEATRE C Mo. 514 Broadway.—JARTIN TUE FOURTEENTH, at 8 P &. T. Stetsou and Marion Sommers. WALLACK’S THEATRE, Broadway and Thirteenth street EAST LYNNE, at 8 P.M; closes at It P.M. Miss Cariotta Le Clercq. bas OR, THE PRIDE OF closes at 10:30 P.M. | ACADEMY OF MUSIC, ? Fourteenth street.—OTH&LLO, at 5 P.M. Signor Sal- vind OLYMPIC THEATRE, Broadway, between Houston and Bleecker streets.— MABIBTY ENTERTAINMENT, at 746 ¥. M.; closes at 345 P.M. TONY PASTOR'S Bowery.—VaRi closes at 10:30 OPERA HOUSE, ENTER! MENT, at 8 P. M.; |. Matinee ar? P. M. “Twenty-third strect, STRELSY, &c.,ar8 2. M. CENTRAL PARK GARDEN, ninth street and Seventh avenue.—THOMAS' CON- Fi CERT, ats P. M.; closes at 10:30 P. BUM, fifth ‘street.—LONDON RY 5 P.M. Same at7 P. M.; Broadway, corner of Thirt; NIGHT, at 1 P. M.; ch closes at 10 P.M. ROMAN HIPPODROME, Madison avenue and Twenty-sixth street.—GRAND | FAGEANT—CONGRESS OF NATIONS, at 1:30 P. M. and at7 P.M. TRIPLE SHEET. New York, Monday, June 22, 1874. | From our reports this morning the probabilities | @re that the weather to-day will be partly cloudy | and warmer. Tae Inmovent Frnancuan Rum in Cuba must bring peace and independence sooner | or later. There is no way to evade it if Spain | persists in asserting her dominion; and if it | comes Spanish power falls with the downfall | of Spanish credit. Awnornzr Caste has been added to those between Europe and America, and now South | America has telegraphic communication with the rest of the world. The success of 1866 | has been repeated over and over again and | the laying of ocean cables has become almost } ‘as easy as the construction of iand lines. Tue Ovraace committed upon a newspaper in New Orleans on Saturday night seems to ‘have been a criminal blunder on the part of the police. We cannot think that even Kel- Jogg would countenance a trick so malicious and so foolish. The offence of the Chief of | Police is one of great gravity, and yet it is so | grotesque that few men would have had the courage to commit it. Monster Bancrort.—It was a pretty com- pliment to the historian of the United States at the farewell dinner to our Jate Minister to Germany, that Mr. Bancroft should be toast- ed by Professor Curtius, the historian of Greece, and that one of the principal speak- ers should be Professor Mommsen, the his- torian of Rome. Tae Miisrenmt Crisis rm Hortaxp.—An attempt in the Dutch Parliament to effect cer- tain reforms in the elective franchise has so far resulted in failure. The ministerial meas- ure providing for the lowering of the tran- chise, having been rejected by the Chambers, Ministers have resigned. A ministerial crisis | in Holland is a kind of novelty. The Minis- ters are in the right; and the presumption is that the country will sustain them. Tax Crvisz or « Missionary VesseL mong the islands of the Pacific, which is | elated in another column, will be found in- | teresting in the descriptions of the natives who | figure so extensively in the history of the infa- mous coolie trade. Kidnapping has been car- ried on so long in those waters that the good missionaries found it difficult to allay the ap- prehensions of the unsophisticated heathen. Measures are now being taken to suppress this traffic in human beings—a disgrace to an en- lightened age. Sowpar Recreation.—The genial weather yesterday had the effect of crowding the Park and all the suburban resorts with pleasure seekers, and it seemed as if the great city had emptied its entire population into the sur- rounding districts Aor the day. The utter in. sufficiency of means of public conveyance in | this city is particularly felt on such an occa- sion, as the overcrowded state of the street cars amply shows, and much of the pleasure to be derived trom a Sunday excursion to the country is marred by the inconvenience of getting there fe and back. Pamapenpmts aid Rechte —It ta not | at all wonderful that the Reciprocity Treaty is finding opposition in the City of Brotherly | Love. Pennsylvania, like Massachusetts, can never see beyond its own limits; nor can it ever be generous enough to think of the gen- | eral welfare of the nation at Iarge. All public measures are approved or condemned as they | affect the interests of Pennsylvania. The Philadelphia Book Trade Association is up in ‘arms. ‘next, seeing a similar bugbear. country at large, | of | kind that General Butler excels. He recalls | that all men were hars. In these criticisms | | been done, the havoc that has been made, the | | deeds. The spectacle of » committee of demo- | that he was too good to be damned and too | | of informers and revenue officers we add to | public morals, for the wholesome develop- It is to be swamped by the smug- | ment of business. It isa holy maxim that Bling ot British books through Canada into | we should not lead into temptation. When the United States. The iron men may rise | we make o law that is practically a premium It is to be | upon dishonesty, which tempts merchants to Doped that the Committee on Foreign Rela- | take advantage of its faults or to retire from tions will take @ broader view of the whole | business, because of the competition of more subject, and that the treaty will finally take | successfal because more unscrupulous rivals, such a shape as shall be satisfactory to the | which leads every importer directly into temp- NEW YORK HERALD, MONDAY, JUNE 22, 1874.—TRIPLE SHEE), Our Revenue System—Is There an Evil and es Remedy? The speech of General Butler, which we published the other day, has made a vast and profound impression upon the country. The peculiar power of the speaker was never so strongly marked—his power for good as well as for evil. So far as stringent, earnest, bitter criticism is concerned this speech has been surpassed by none in the present Congress. It shows a quality that makes us regret that destiny did not direct the General's capacities into a profession which he does not love, and which, as a general thing, loves him not—that of journalism. What an editor he would have made—not, we mean, of one our tranquil, well disciplined, sub- dued New York newspapers, whose editors | not only obey all revealed command- | ments, but some new ones which, in the | excess of fervent obedience, they have pro- | claimed unto themselves, but of the Chicago Tribune, the Cincinnati Gazette an Commercial, | the Louisville Courier-Journal, or some of our lively, energetic, combative contempo- raries in the West, which, according to the pic- ture papers, have preserved the lost art of | journalism, in its courage and capacity! The | oratorical virtues of General Butler's speech | might be expressively summed up as “virtues of Western journalism in their highest stage | of independent development."’ The picture which he presents of the de- | generation and corruption of our whole cus- toms service and our New York business life is a terrible one. It is in criticism of this the Hebrew fervor which said in its wrath there is the destructive quality of nitro-glyc- | erine. When once the work of destruction begins no foresight can tell where it will end. We half suspect, as we see what has desolation, the loss of property and life and { reputation, that the spirit of wanton over- | throw had something to do with it. General Butler is capable of enjoying a wanton over- throw. There was an exultant tone in his speech that showed a love of his ungracious and repelling task. Here was a man who has been assailed for ten years with a persistent and incessant severity, whose deeds have been attributed to the darkest and basest motives, who was proclaimed an outlaw by Jefferson Davis and has been treated since like an out- law by every friend of Jefferson Davis, whose ‘very name has been made the symbol of corrupt | audacity in polities, who has welcomed and | defied censure by his cheerful recklessness in accepting unpopular and at times indefensi- ble causes—impeachment, the payment of the debt in currency, St. Domingo, Whittemore, Oakes Ames, back pay, the repeal of civil | service—and naturally he longed to return the war upon the men who made it. Whenever there has been a question upon which the moral sense of the country was united, which might be said to have a side that was respect- able and another that was not, we were sure to find General Butler in opposition to the moral sense and against respectable public opinion. This has ended, as it could only end, in the belief that any cause championed | by him was pretty sure to be wrong and any measure he opposed was sure to be right. Nor does General Butler himself seem to | have been insensible to the burden of his | reputation. In his speech he took a precau- tion that seems unusual to one so heedless of | public opinion, in this generation or in gen- erations to come, of appealing to his political enemies when they become masters of the House to sit in judgment upon his life and crats investigating General Butler would not be without its interesting features. Our im- pression is that when we have a democratic House it will have more entertaining employ- ment than to make a diagnosis of his political and moral life. If the ver- dict were ever reached it would, we presume, be like that of the Old Bailie on Rob Roy, bad to be blessed. General Butler will find | in the very speech which now absorbs the attention of the country the presence of those qualities which have darkened his fame and limited his use- fulness. The plan of his speech was bold and | brave. He meant to assail the most gigantic system of corruption that ever oppressed a nation. He meant to show that our laws were | efther so imperfect in their conception or s0 | corruptly inefficient in their administration, | that we lost millions of dollars a year from our public revenues, that we did not col- lect more than one-third of our duties alone. If these facts could be proved, if General Butler could show us where this money | goes and how we could reach it, there would be immense usefulness in his speech. But upon an analysis of it we find that his theory about | the proportion of ‘revenue not collected’’ is | based upon inference; that his principal instance of wrong is in the case of Phelps, Dodge & Co., and that the main grievance against this house is that it induced the Sec- retary of the Treasury, Mr. Chase, to make a certain ruling on the subject of galvanized tin plates which saved it a large sum of money. His remedy for these evils is to strengthen the army of informers, spies and detectives and to continue the system of moieties, In the foolish and angry speech of Mr. Fos- ter, who followed General Butler and who seemed to do so in the interest of the Gencral mainly to show how a weak speech will in- crease the force of a strong one, the true answer to this argument was lost. It seems to us that if the criticisms of the General are sound the evil lies far beyond any remedy he has pro- posed. If we do not collect one-third of our duties then our tariff laws are useless, and in- “stead of helping matters by increasing the army | the evil. We construct a system based upon corruption which tempts easy-thinking mer- chants and dishonest revenue officers, and we complain that it does not collect the revenue. ‘The logical answer would be that the sooner the system is overthrown and a new one con- structed the better for our revenues, for the | seventy-five cents a gallon. And yet all the | legislative licentiousness for which there can | lead many away from their comfortable pews | great of crime which General Butler assailed with such ferocious criticism. What we see now | has always been seen. When the government passes a law that is virtually the oppression of » people or of any classof the people—a rich business class like our importers, especially— there is sure to be a revolution, just as when we have a law against selling ardent spirits or | forbidding a certain form of worship. Laws of this nature inevitably generate revo- lution. It will come in the form of smuggling, of the illicit selling and drinking of spirits, of conventicles and hidden religious cere- monies. What is far worse, we have a public opinion of sympathy, which practically con- dones the offence and makes the enforcement of the law impossible. There were never | such flagrant violations of law as when the tax upon whiskey was two dollars a gallon. This tax was so far from being collected that the selling price of the article was resources of government, which was power- | ful enough to suppress the rebellion, could not collect this tax. No one has been pun- ished for defrauding the government out of it. We saw the same in the taxes on champagne | and spices, on silk and tobacco, No one | The Good Time Coming. We see now and then in our rural exchanges, which, as General Garfield well observed, have an independent value of their own as repre- sentatives of public opinion, an echo of the desponding cries of the panic. Those cries were sad enough, and represented many sor- rows. But now that we look back upon the panic, through a clearer and calmer atmos- phere, we see that after all it was the burning out of certain foul chimneys, the explosion of hundred quackeries and false pretences, the inevitable and just termination of business systems which never had any honest life, The war was over, but not so many re- sults generated by the war. Speculation, adventure, wild enterprise, an irredeemable, unchecked and inconvertible currency, the one abomination called legal tender, and other abominations in the way of financial expedients, which seemed to pledge the largest amount of national credit for the smallest amount of money, shoddy, frauds on the revenue, dishonest and gaudy methods of living, building railways from nowhere to nowhere a generation before they were needed, issuing bonds that had no genuine security at false rates of interest, with con- knew better than General Butler that millions were withheld from the Treasury on these | articles alone, that no one was ever punished | and that there is not to-day power or tact or skill enough under our laws to collect the | taxes upon those commodities as they existed | during the war. General Butler’s plan is not a remedy, but an increase of the evil. This being so, we see only in his furious speech angry, destructive criticism. So far | as Phelps, Dodge & Co. are concerned, if they are not guilty of a criminal violation of law, then their treatment is simply an atrocity. A private firm, established for many years, with | a good name and high business credit, are not | sequent and unavoidable repudiation—these are among the results that came with our war, as they come with all wars, like the ravens and the carrion birds that tollow in the wake of armies and live upon the ghastly remnants of heroic legions. These indeed are among the prices we paid for the glory and achievements of our war. From them came the panic, which was really another Appomattox surrender, for it meant simply that dishonesty and cant in business had come toan end. Since then we have heard a great deal about suffering, and business dis- tress and shrinking in values, falling in rents, in interest, in stocks, in the demand for money, merely compelled to pay a large sum of money, but are assailed in an elaborate speech by one | of the ablest and keenest men of the country, | who protects himself from any answer or judg- | ment by a constitutional privilege. If this | house is innocent of the charges made by | General Butler then the nation owes | its members a public and ample reparation; | for if an assault like this can be made, with- | out any possible accountability, then we have | no tyranny in the world to be compared with | the tyranny of legislation. Congressmen, | sheltered behind the constitution, irresponsi- | ble for words spoken in debate, may shoot | poisoned arrows into every business. Some- how we feel that in this and other respects the speech of General Butler is a quiver of poi- soned arrows, wounding not only the credit of old and honored merchants, but the good name of the country. Speeches like these, violent, incisive, merciless and able, with the effects of nitro-glycerine in their devastat- | ing criticisms, are read with avidity by all who hate liberty and America as the home of lib- erty. General Butler is perhaps the only man in Congress who could have made such a speech, as he is perhaps the only conspicuous American who will not mourn that it has been made. If what he says is true he does not show us the remedy. If what he says is false then he shows the existence of the evil of | be no remedy. Whether true or false such speeches are not wise. They are aimed at the credit and honor of the country, of the coun- try which is our father, in whose presence, no matter what the sin or failing, it is always our duty to imitate the filial devotion which has been deemed worthy of sacred record, to walk backward with averted gaze and hide the shame. The Sermons Yesterday. As the summer advances and the time draws near when the attractions of country resorts and the exhortations of their pastors, the ser- mons become unusually interesting, as if the preachers had reserved their best efforts for the last of the season. The churches were well attended yesterday, and the subjects were as varied as they were exhaustively treated. Mr. Beecher gave one of his characteristic and forcible essays on ‘‘Life Work,”’ showing the great results that are constantly in course of development from an active worker in the world. A good man’s life isa seed sower, bringing out germs of goodness in others, and even after death the work is not suspended, but it goes on unceasingly. The work of a man lives after his death, He cited as examples some of the most distinguished characters in history. The subject seemed to be a congenial one to such an active mind as that of Mr. Beecher, and was discussed by him with elo- quence and feeling.. Mr. Frothingham re- | viewed a sermon recently delivered by the Plymouth church pastor on the subject of “Human Nature,’ which took the ground that the enviable title of ‘Sons of God” could only be applied to those who had succeeded in purifying their nature from the depravity attached to | it. Mr. Hepworth gave o dramatic description of the two great events of the Christian era— the crucifixion and the resurrection of the Redeemer—to exemplify the consoling doctrine that the darkest hour is the hour before day. Mr. Talmage prayed for light upon the mem- | bers of Congress who are at their wits’ end, blundering over financial questions—a very | timely prayer and one which will find an echo in thousands of hearts, The number of baptisms and communicants for the past month or two shows that the good work goes on encouragingly and that the preachers’ efforts are not fruitless in the salvation of souls. “Lzs Miserapues.”—There isno word in the French tongue that conveys the contemp- tuous, bitter and fierce anger of ‘‘misérables.”’ It cannot be translated into English without writing a treatise upon its various shades of meaning. We see now that the word which Gambetta applied to the Bonapartists in the | debate which made such a profound impres- sion upon Franee, and for which he was struck on the face by the Zouave commander | who has been imprisoned, was ‘‘misérabies,’* which the cable translated simply ‘‘wretches."’ The debate seems to have been unusually bitter, Gambetta having been reprimanded by | the President; but he would not apologize, and the Assembly adjourned. These scenes have all the dramatic force of the French Revolution, and recall those tremendous times when the oath was sworn in the tennis court, and when Deputies sat up for days and nights slowly tation. we virtually invite that very system consummating the supreme destiny of a king. in the price of land and in every form of en- terprise. The true view is, not that there is a falling in prices, but a rising in values. Before the panic true values were oppressed by speculation, and false values were highly esteemed. In real estate and stocks, for instance, instead of honestly purchas- ing what we wanted and paying for it as a property, the custom was to deal with them as with everything else, as a speculation, to buy and sell on ‘‘margins,’’ to pay practi- cally as much for worthless stocks and fancy lots of ground as for the best shares and the | most desirable lots in the market. As a con- sequence, therefore—with our business con- ducted upon this besis—it became the interest of all buyers and sellers to sustain the false values upon which they traded with margins, as earnestly as in more wholesome times true values were sustained. The panic was the | endof this and of the system of falsehood upon which it was based. To use one of the most expressive phrases that have come to us from that land of forcible expression, Cali- fornia—“‘we came down to hard pan.” We are still ‘coming downto hardpan.” All the signs of genuine prosperity are auspicious, The other day we learned, for instance, that @alifornia, which is now the land of golden grain as well as of grains of gold, was prepar- ing to export more wheat than Russia; as much, perhaps, as the best part of the States combined. The fear that the cotton crop would be destroyed or injured is over, and our Southern fellow citizens, who have not had many cheerful hours recently, talk in bright tashion about ‘flush times’’ in the fall. From all parts of the West we have good tidings about the» harvests, and our wharves are | crowded with ships to export our products to foreign lands. Railway and other shares, which have long ruled at on account of dishonest management, watering and adding talse quantities to their values, real estate which has been bought and sold so long, not for what it is worth, but for whatever brokers or speculators could be in- duced to lend ‘on a margin,”’ are coming to their true value. In a few months the fever- ishness and anxiety which these transmutations naturally produce will pass away, and we shall find that our property is really property—not brokers’ margins—and that we have again an honest, healthy, steady growth, such as we should see in a community which had thoroughly recovered from the effects of the war and of the era of quackery and false pre- tence which was among its painful conse- quences, and felt that at last it had reached hardpan. We suppose also that the newspapers will rejoice in the coming down to hardpan, like the rest of mankind. We shall certainly wel- come the hour which brings that opportunity, as another opened door in the career of journalistic advancement. Newspapers in New York have made a great deal of money since the war. It is incredible to think of the money that has been made by our con- temporaries and the enormous circula- tions that have been achieved, and which we find written or hinted in their advertise- ments and prospectuses and ‘appeals to the public.” With the extraordinary prosperity which surrounds them, therefore, and re- membering that paper is as cheap now as before the war, and that they still charge their subscribers war rates, it is natural that they should think of charging peace rates. A popular journal should not make any profit on circulation. In other words, it should charge the subscriber about the cost of the white paper upon which it is printed and depend upon advertisements for its, yevenue. For many years the Henatp did this, We really do not see why we should not come to that business basis again and thus unite with our tellow citizens ‘in the necessary and certainly not unwelcome duty of ‘coming down to bardpan.’’ Tae Anrest of a few acrobats and clog dancers, or whatever they were, at an oast side beer garden last night raises anew the question of allowing public entertainments on Sunday. Either all public amusements on that day ought to be suppressed or all ought to be allowed. It is not just, for instance, to say that ao full orchestra is for people of finer tastes and the song and dance business not allowable for people of less refined appreciation. The best policy, we think, and the one that will most tend to conserve public morals would be to let them all alone; but discrimination is both Puritanical and hypocritical. If, however, the authorities believe these places ought to be suppressed, let the proprietors and man- | agers be arrested and not the poor people who earn a pittance for their children by ex- ercising their talents on Sunday nights. false rates | allowable | The Proposed Reduction of the City Expenses. The Board of Apportionment is to meet again to-day to act on the revised estimates for the current year, with a view to cutting down the public expenditure and decreasing the rate of taxation. Two members of the Board—Mr. Vance, the President of the Board of Aldermen, and Mr. Wheeler, the President of the Department of'Taxes and Assessments— are ready to act upon the estimates and to cut off every unnecessary expenditure, so as to make an actual saving to the taxpayers, pro- vided they are furnished with the information required to enable them to do so. Among the departments extravagantly conducted and where economy can be practised without det- riment to the public interests are those of the Public Parks, Finance and Charities and Cor- rection. The Finance Department is a nest of sinecures. If the members of the Board | of Apportionment will take the trouble to ex- amine the Comptroller’s warrants they will find in the Bureau of the Receiver of Taxes a long list of ‘extra clerks,” some of whom have drawn salaries every month for the last year and a half, and are thus entitled to be called ‘‘permanent,’’ although their duties may be nothing more than newspaper writing in the interest of the Comptroller. Soin almost | every bureau of the Finance Department an | asylum for ‘incompetent friends’’ may be un- earthed. The salary of a Deputy Comptroller is claimed in the estimate, while such an office has never existed under Mr. Green. The | Collector of Assessments, who has served about two months, is down for a year’s salary. The sum of twenty thousand dollars | is claimed for spies and _ experts, | although the army of clerks in the Comp- | troller’s office should certainly be sufii- | cient to examine all bills that may come be- fore the department. A large expense is in- curred by the Comptroller for the benefit of Acting Chamberlain Whittemore, which | should properly be disallowed and paid out of the Chamberlain's salary, as the law requires. In the Park Department the whole expendi- ture under the construction as well as on tax | ; account, should be shown before any proper | estimate of its expenses can be made. The | Board of Apportionment should remember that the people do not desire to incur any | more expense for out-of-the-way roads and | | unsightly buildings in Central Park, but | | are satisfied with the Park as it is for the | next ten years, provided they can have a} {| { grand rendezvous for carridges, horse riders | and pedestrians, after the fas! of the great parks of Europe. This populst improvement | can be secured at a trifling outlay, and the | expensive architects and engineers who live | on the Park funds can be dispensed with as a | needless luxury. The Department of Chari- | ties and Correction should be most carefully scrutinized, and not a dollar should be placed at the control of that department until the Board is satisfied that it is absolutely neces- sary and will be honestly expended. But all | these economies require that tho whole man- | | agement in detail of the several departments | | where extravagance is suspected should be | | placed before the Board of Apportionment. | Mr. Vance and Mr. Wheeler appear resolved | to do their duty and demand such informa- | tion before acting on the estimates. Will the | | Mayor unite with them in this commendable action? If he does the responsibility for ob- structing the decrease of the rate of taxation | will rest alone on the Comptroller. The College Struggle at Saratoga. For some time back our correspondent has been among the student oarsmen, whose day | at Saratoga draws near, watching their doings, | searching out their strength and weakness, and laying all before the public, as well as of course enabling the contestants themselves to judge more accurately of their prospects from this friendly information. In it all one fact crops out constantly. It is that everywhere there is much more thorough prep- aration than almost ever before. No lazy de- ferring of everything till the last few weeks, as Oxford did this year, but long, steady win- ter work at the rowing weights, in the gym- nasium, and on the road; numerous substitutes in active training; boats built and ready; new boat-houses erecting; oars brought in from England; barges provided, so that the coach can accompany his crew and have his eyes constantly on them; college faculties, shrewdly noting the fine card well-doing in this contest gives their institution, allotting a generous amount to their boat club; professional trainers dis- missed, and much else donc to bring more effective work. Those, too, who, dropping | the insane way of living, relic of the coarser manly sports of a past age, the everlasting | beef and almost no liquid at all, have taken | toaliberal diet and in ample variety, have found its reason and value, and that they can do better work and do it much more } cheerfully by coming up to the score with a | good jacket of beef on them instead of a “mere ruckle of bones.” But, marked as is the improvement, there is here and there evident room for more. The “Dartmouth Giants” did no winter | work—a piece of neglect which is sure to tell in | the sharp, distressing work of the last mile. If a contest like thig fs worth going into at | all, it should be gone into with whol héart and | soul; indeed, this eager devotion is one of | its best qualities. Relying on their bulk | ong year, pught to_prove enough without heat falling into the same fatal blunder. | Giants time out of mind have generally had ; bad luck, From the Anakim and Goliath down, somehow in personal encounters they always manage to get pummelled | by some middle weight, like David or the | laie Thomas Sayers, and they secure little pity, because their defeat is by their own fault. | | In last year’s race these New Hampshire | | giants were nowhere, and glaring faults stood | out all over their work. Now they expect to | | vanquish many of the very men who beat them | then, and that without meanwhile doing half | as much hard work of a kind which will tell | | directly on their chances. A little more of the | | sort of spirit that brings Williems—the rear | | guard of 1873—pluckily up again this year, | though the Hoosac, where she practises, now ' and then disports itself by drying out from | | under them, would have brought down a | | different story from the men of the White | Hills. Yale, tho winner of 1873, has been doing | splendid work under her captain, who tray- elled 6,000 miles to learn his stroke, and looks | | as if she might again be foremost at the finish, while her old-time rival, Harvard, seems not to have made as good use of her winter, if re- port speaks truly, and makes one serious it not fatal blunder, in having no spare men ready for any gap thatthe feverish days just before the race may suddenly open. And it begins to look true that the two Ambhersts and Bowdoin will not be there this year, Tho latter, from losing four of her old men, may feel justified in staying out; but it would do her at least as much credit if, like the Wesleyans, with but one of last year’s crew to count on, or Princeton, with no last year's crew at all, she would take her place among her fellows, However, by all accounts, she is very mutinous this year. But what ails the Ambhersts and their neighbors the Aggies? Four of the latter remain from last year, even though their wiry stroke has gone; and it seems hard that they should so quickly sink again into the oblivion from which he so gallantly raised them, not many Julys ago, at Ingleside, and led them in ahead ofall. And of the former but one has gone, and among the five remaining is he who was the strongest, toughest looking man on the Connecticut last summer. What would not Trinity or Princeton, or, in short, any of all the nine, give if they could get him into their bout for a quarter of an hour four weeks from next Thursday? It will be hard work to convince the public that the wickedness of Saratoga is the only reason and the whole reason for staying at home, Let us hope, rather, that the rumor is correct that, late in the day, she will be on hand, perhaps to re- peat the brilliant story of two years ago. Thereis plenty of room this time; no crowding, no crooked course, no sand bars, no low river banks; but a sheet of water broad, deep and sheltered, pronounced by the first profes- sionals of both this country and England the finest they ever rowed on; admira- ble accommodations for friends close by, at one of the most noted watering places in the world, and a committee of management whose snecess last fall guarantees excellent order throughout. For these reasons among others we look for hoth a struggle and a spectacle on that July afternoon which will admittedly sur- pass anything of the kind before known on this Continent, and we trust we shall not be disappointed. Italy and Her Financial Condition. Our letter from Rome on another page gives an admirable view of the financial troubles with which the government of the Kingdom of Italy finds itself compelled to deal. Finan- cial troubles of our own assist us to sympa. thize with any country that finds them in ita way, and give us an immediate interest in the study of the story of their solution. For this reason the letter of our correspondent, Mr. Trollope, is especially apt at this moment. It will be seen that the financial difficulty which the Italian Ministry and Parliament have before them for present consideration is a deficiency in the yearly income. Although, like ourselves, they have also on their hands the graver difficulty of a depreciated paper and the necessity of organizing an efficient and uniform currency, they first devote them- selves to the apparently trivial labor of adjust- ing their yearly income to their yearly expen- diture, and a main share of attention is given to this point. Yet the sam on the wrong side of the booksis only twenty-six millions of dol- lars. It seems to us that the Italians are wise and act on the experience of nations and the best theories of all financial transactions in thus giving their first attention to the adjust- ment of that which is constant and of daily regular occurrence, though apparently small, and of leaving to the future the colossal diffi- culty ; for the small trouble grows greater by neglect, and the colossal is more easily dealt with as time goes on and wealth accumulates. Would that our government could learn this simple lesson, and it would not try to pay the national debt before it tried to make a dollar bill worth one hundred cents. Tux New Counry Court Hovse.—The letter of Messrs. Vance and Wheeler to the Commis- sioners of the County Court House has called out a tart reply from those gentlemen, which we print in our columns this morning. PERSONAL INTELLIGENCE. Is there truth at the bottom of Gideon Welles? Bismarck 1s agitating Nancy by taking away her confessors. Now the green apple doubles the little boys into quarto form. General Wesley Merritt, United States Army, is at the Fifth Avenue Hotel. Surgeon A. B. Hasson, Unitea States Army, ia staying at the Everett House, Richard Smith, of the Cincinnati Gazette, will buy a farm when he has the money. Rear Admiral Gustavus H. Scott, United States Navy, arrived last evening at the Astor House, Fischieto claims that Hoheniohe and MacMahon | embracing across swords was hedging an tron-y. Mrs. Wyncoop, a Chicago real estate broker, has admitted her husband to an tnterestin the busi- | ness. Count Hatzfleld has left the German legation in Spain in charge of Count von Radslinsxi, and gone north. Prince Gortschakoff’s Congress at Brussels was not intended to interfere with “the Eastern Question.” M Five times, John Happy, of Vermont, has been eugaged to one girl, and be has not made her Happy yet. Why didn’t It occur to some One to remark that wistle Willams failed to get his landaulet, Richard- son got a handsome turnout? President Be. E. Smith, of the Columbus, Chicago and Indiana Central Ratiroad Company, is regis- tered at the St. Nicholas Hotel. Madame Pauline Lucca, accompanied by her hus- band, Baron von Wallnoffen, arrived from Boston yesterday at the Metropolitan Hotel. Sefior Mantella has been appointea Minister from Spain to Wasnington. Sefior Mayo has left Madrid for Vieuns on @ similar mission, ‘There is one mau in Maine who strongly supports Hannibai Hamiin for Senator. His name, the Cin- cinnati Znquirer says, 19 Hannibal Hamtin, The Emperor and Empress of Austria personally attended the opening meeting of the Vienna Jockey Club at Freudenau on the 26th ultimo, Ohanfrau, the actor, ofers to contribute $1,000 towards prosecuting for slander any ciergyman who will specifically accuse any noted actress ot immorality. General P, M. B. Young, member of Congress, trom Georgia, tas, it 18 said, deciined to accept & prominent military position tendered him by & Ba- ropean Power. A member of one of the pabiic schools of Boston was asked the meaning of the inscription, “Nom Siti sea Patri,” on a monument, and after ome Vexation of spirit, he responded, ‘Not nimself, but his father)" nnah, walked into @ Henry Minstrel, of Savat fi Mar fourteen Court room to shoot twelve jurymen, or fifteen revolvers got ahead of hum on acy tank ‘The last lay of that minstro) was when they laa, him to the tom—Cincinnats Maautrer. — nen