The New York Herald Newspaper, April 1, 1875, Page 6

} 6 NEW YORK HERALD BROADWAY AND ANN STREET. JAMES GORDON BENNETT, PROPRIETOR, NOTICE TO SUBSCRIBERS.—On and after January 1, 1875, the daily and weekly editions of the New Yorn Hrearp will be sent free of postage. THE DAILY HERALD, published every day in the year. Four cents per copy. An- nual subscription price $12. Rejected communications: «will not be re- furned. Letters and packages should” be properly sealed. LONDON OFFICE OF THE NEW YORK HERALD—NO. 46 FLEET STREET. Subscriptions and advertisements will be received und forwarded on the same terms as in New York. s Fourteenth street. fhe ste. Me Miss Heubron’s matinee, at8 P.M. SAN FRANCISCO MINSTRELS, Broadway. corner of Twenty- mine street—-NEGRO MINSTRELSY, ats I’. M.; closes at 10 P. M. 1IVOL Eighth street. between VvaniETy, ats P. M.; close: [HEATRE, nd’ Third avenues.— WALLACK’S THEATRE, Pers: »—-ROMANCS OF A OOR YOUNG MAN, at P.M; closes at 10:40 F Mr. Montague, ci M, fourth stre ie Pr ARee BY NIGHT. at 2and 5 Broadwa: Twoexh MRS CONWATS BROOKLYN THEATR! GREEN BUSHES, at 8 P. M.; Conway. and Thirt itions cai! WooD's MUSEUM, Broadway, corner of hirtteth street.—-WILD CAT, a gree CASTLE GARDEN, at 8 P. M.; closes at 10:45 OLYMPIC THEATRE, gee Broadway.—VAKIETY, ats V. Mi; closes at 10-45 THEATRE COMIQUE, No, S14 Broadway. VARIETY, a8 P. M.; clones at 10:45 | METROPOLITAN MUSEUM OF ART, West Fourteenth street.—Open from lu A M. to P, M.} BROOKLYN PARK THEATRE, Folton avenue.—VARIEIY, at 8 P. M.; closes wt 10:45 ACADEMY OF MUSIC, Fourteenth street lish Opera—M ARITANA, at 6 . M. Mme. Van Zandt. BRYANTS OPERA HOUSE, West Twenty. third street, near sixth avenge.—NEGRO MINSTRELSY, &c., at SP. M.; clo: t10 P.M, Dan ryant, GERMANIA THEATRE, Fourteenth street.—GIKOFLE-GIROFLA, at 8 P.M; closes at 10:45 P.M. Miss Lina Mayr. ROMAN HIPPODROME, avenge and | wenty-seventh sayet visions oF tie HOCRIS, at 2:30 P.M. aud TONY PASTOR'S OPERA HOUSE, as Bowery.—VARIETY, at 8 P. M.; eloses at 10:45 FIFTH AVENt Dwenty-eigheh screet and Broadway THB. BIG BO- BASZA ats P.M. closes at 1:20 P.M. Mr. Fisher. Mr, ‘Lewis, Miss Davenport, Mrs Gilbert Matinee atl P.M. PARK THEATRE, Brosdway—DAVY (ROCKETI, at & P. M.; closes at 10:0 P.M” Mr. Mavo GRAND CENTRAL THEA’ TR! Ss ad Broadway.—VAKIETY, atsP. is dione at 1045 BOWERY THEATRE, Bowers AROUND THe WORLD iN EIGHTY Da¥s, . GRAND OPERA HOTSE, Bishth avenue and Twenty-third “Greek —ABMED, at 8 BOOTH’S THEATRE, mer of Twenty-third street and Sixth svenoa— PEMEr*e.. at’ P.M; closes at 11 P.M. Mr. Rignoid latinee at | 3) P.M. z TERRACE GARDEN | THEATRE, ase. ome. oye AND CHARITY PERFORM. a TRIPLE ‘SHEET. NEW YORK, THURSDAY. _ APRIL L 1878, " NOTICE ‘TO THE PUBLIC. Owing to rep pressure of advertisements on the columns of our Sunday editions we are obliged to request advertisers to send in ad- vertisements intended for the Sunday Hrrarp during the week and early on Saturdays, thereby insuring » proper classification. From our reports this morning the probabilities are that the weather to-day will be doudy, fol- lowed by light rains. Wann Srmeer Yesrexpay. —The stock mar- ket was steady and unexcite® Gold receded to 114} and closed at 1144. Money was easy at3and4 Per cout on call. Ter Farapar will sail ina few days from | Gravesend to complete the Isying of the direct cable, an enterprise im which the whole public has an interest. ‘Tae Brex for the organization of the State | Rational Guard was passed yesterday by the Assembly. ‘Tre Froops have at last been loosed in the Snsquehannsa antl overflow the valleys. At the Water Gap the ice gorge still resista the Delaware, and disaster is imminent. Tee Diexrrz of the Cardinalship was yes- terduy conferred upon Archbishop Manning at Rome, and the ceremony was attended by | many English and American Catholics. Ir Is ENcoracrye to know that » number of the nobility attended Moody and Sankey’s | revival meeting the other night. Religion becomes more popular when it is patronized | by the upper cl ‘Tum Anccuenr of David Dudley Field in | the Supreme Court against the constitation- ality of the enforcement laws will be read with interest, and is a powerfal presentation of the case. Gesxnat Joventan, the Spanish Minister of War, will probabiy retire from office, the gov- ernment being dissatisfied with bis manage- ment of affairs in Cuba But this gave the plantations in the Cinco Villas. Swanxzy is in charge ry the police at Havana, aod it is expected that he will be gent to this city without delay. Tremendous efforts will be made when he returns to save him from the penalty of the law. Ma Beecuen' 6 Appearance on the stand hoe been anexpectediy delayed, but Mr. Evarts intimated yesterday that it will be made to-day. The rash to see him will be enormons, and we at { closes atl045 P.M. Mra s wil not | : NEW YORK HERALD, THURSDAY, APRIL 1, 1875~TRIPLE SHEET, “Home Rule” Under # Cloud. The defeat of the Costigan bill has hardly caused a ripple in city politics, partly because it has been so long expected and partly be- cause the democratic supporters of Mayor Wickham do not think this s favorable time tor expressing dissatisfaction with the Gover- nor, lar to be openly opposed, even though he re- pudiates as an officer the platform which he accepted asa candidate. Governor Tilden’s attitude on the subject of home rule is a signal exemplification of the hollowness and in- sincerity of party platforms and electioneering cries. Homerule was merely *‘a good enough Morgan until after election,” and the Gover- nor contemptuously kicks down the ladder by which he climbed to power. As he does not believe in home rule as understood by the party that elected him he would have acted amore candid and manly part if he bad per- mitted his views on this point to be known previous to his nomination and election. At any rate, it would have been fair to Mayor Wickham, who accepted the home rule platform in simplicity and good faith, for Mr. Tilden to have frankly told him, pre- vions to the inauguration of both, that he re- garded home rule as an electioneering hum- bug, and have saved the Mayor from express- ing the ardent home rule sentiments which pervaded his first Message. If the Governor did not feel bound to do this from motives of personal friendship to Mr. Wickham he might have given the warning as an act of party prudence. Why did he permit the Mayor to commit himself so strongly to the principle ot home rule, when a few words of friendly cau- tion might have spared Mr. Wickham an un- pleasant personal humiliation, and have saved the democratic party from an internal fend | which, though smothered for the moment by the engrossing canal question, will keep for future use? In the Syracuse platform, which Mr. Tilden bound himself to adhere to by his acceptance of the Syracuse nomination, the home rule princi- ple was not asserted in vague, general terms, but explicitly applied to municipal affairs, We quote the very terms of the declaration, which derive an additional emphasis from a slight confusion of thought in relation Lo localizing tederal powers. That oversight showed how much the attention of the drawer of the resolution was concentrated on local home rule, in relation to which the platform evinced the clearness and accuracy of a mind so bent on accomplishing one great result that it was careless of minor points. This is the language of the Syracuse platform :— “Home rule—To limit and localize most jeal- onsly the few powers intrusted to public ser vants, municipal, State and federal ; no cen- tralization.” The oversight of localizing | federal powers, which is a manitest absurdity, shows how intently and almost exclusively the mind of the drawer of the platform was concentrated on municipal self-government, in respect to which his idea of jealous locali- zation was clear and consistent. He had ex- cellent reasons for directing attention to that point. It has been the clamor of the city | democrats for fifteen or eighteen years that the city is governed from Albany, and when the Syracuse platform asserted an ‘intention to “localize most jealously’ the powers of | municipal government everybody understood it as having reference to New York city—the | only municipality in the State which has | | ever had occasion to complain that its rights of local self-government were improperly abridged. The Syracuse platform, therefore, pledged the democratic party of the State to “localize most jealously’’ the municipal | a government of this city, and Mr. Tilden, in | accepting his nomination on such a platform, | was supposed to have bound his personal honor to do all in his power to release the city of New York from its long subjugation to Albany authority. After accepting a nom- ination with this implied pledge his opposi- tion to home rule exposes him to a charge of insincere dealing with the democracy of the | State, whose platform he adopted by accept- | ing their nomination, and of inconsiderate and unfriendly treatment of the demo- | cratic Mayor of this city, whom he permitted to send «6 strong home | rule Message to the Common Council, when the courteous frankness which ought to prevail among party officials elected at the | same time might have saved the Mayor from the mortificatian of asserting the principles of | a platform which the Governor had decided to trample m the dust. When the Governor | decided in his own mind to fling home rule into the rubbish heap he owed it to the Mayor to give him some intimation of his change of base and his rejection of the platform on which they were both elected. | The newspaper organs of the democracy | have been almost as unfaithful to the Mayor | He is just now too powerful and popu- | sel Smith was encouraged by Mr. Tilden, who has allowed three months to pass without deigning to act on the subject. The Mayor's removal of the Fire Commissioners has been treated by the Governor with equal neglect and contempt, which is a queer illustration of his respect for the principle of home rule, The Mayor filled his Message with oblique but perfectly intelligible attacks on Comp- troller Green; but Green is protected and saved by the known partiality and friend- ship of the Governor. The principle of home rule is accordingly a butt of derision. The people of the city, who elected Mayor Wick- ham in the expectation of a change in the municipal government, find that their will is thwarted and nullified, and that the Have- meyer régime and the Havemeyer heads of de- partments ate continued and sustained in de- fiance of their reasonable expectatious and in utter contempt of the principle of home rule. It may indeed be said that the Costigan bill was not killed by Governor Tilden but by the republican Senate. But 1t is perfectly well understood that the Governor would have vetoed it if 1t had passed. He hada squad of democratic supporters in the Assembly who voted against it, but the democratic rep- resentatives carried it through that branch of the Legislature in spite of the Governor's known hostility, in spite of the coalition be- tween his personal supporters and the repub- lican members. All the democratic Senators voted for the bill in spite of the known hos- tility of the Governor, who has repudiated the Syracuse platform and gone counter to the democratic sentiment of both houses in his opposition. His determination to save his friend Green at all hazards to the unity of the democratic party is too close an imitation of the favoritism of President Grant to give much satisfaction to the demo- cratic party. The democratic Assembly and all the democratic Senators are on one side of this question, and Governor Tilden and his republican allies are on the other. He seriously endangers the success of his praiseworthy war against the corrupt Canal Ring by his desertion of a cherished princi- ple of his own party and the contempt with which he has treated his home rule sup- porters in this city. If home rule is the hum- bug he considers it it woald have been fair and honest for him to have said so at the time of his nomination, and have prevented democratic voters from supporting him under a misunderstanding ot his real sentiments on a subject they deemed £o important. How to Spell. It 1s an ingenuous madness on the part of many pleasant people to come forward and | show that they do not know how to spell. Yet Spelling Bees have become national institutions, and, as our despatches show, even Washington city has been invaded. Fortunately, no one knows how to spell, and the people who blunder ‘have the conscious- ness of knowing that the public is with them. Indeed, if orthography were decided by the majority—as things of greater consequence are—there is not a word in the dictionary but would shrivel away to such a shape that the oldest schoolmaster in the community would refuse to acknowledge it, while of every word in five syllables it would be written as it is of the innocents chronicled | in the Philadelphia Ledger, “gone to join his | grandmother.” Perhaps the worst spellers in the world are the people who make the | dictionaries. There was Noah Webster. What acad! He spelled shad with ac, which was worse than the honest old Mr. Creamer, Rep- resentative from Pennsylvania, whom John Randolpk accused of a breach of privilege in spelling Congress witha K. By any of the learned pundits who form the jury at the spelling matches old Webster would have been put down as the worst speller and the most ignorant man in the United States. Only he was caught and exposed, and like many another man caught in the act, he in- yented a theory to cover his delinquency and pretended to spell wrong on principle. It was like Bill King, who, while the | subsidy investigation was in progress, turned up in Canada “looking for stock.’’ But this difficulty with the makers of dictionaries softens the fall of the vain man who goes down in wrestling with hard words; tor he has only to claim to be judged by somo other standard. And what is the standard? Here are Webster and Worcester and Walker and Richardson and Johnson, and many less famous authorities, and they all differ on many words; and who can decide the dif- ferences of these doctors? ‘Tue Emrrnon or Brazt is said to be weary of his crown, and desirous of abdicating and emigrating to the United States. Heis a sensi- ble monarch and will havea friendly reception from the American people, to whom he has as Governor Tilden hicnself. Previous to the election “‘home rule’ was a constant topic of the democratic organs. It was flourished in | flaring head lines; it was the topic of vehe- | | ment editorials; it unceasingly reappeared in | perpetual republications and eulogies of the | Syracuse platform; and the phrase “home | rule” was flaunted in the eyes of their read- jer until it became as familiar as household | words. But after the Governor repu- | dinted the principle of home rule in | his annual Message the overboiling | zeal of the democratic organs cooled to frigid | indifference. Not a word about home rule since Governor Tilden’s first Message. The places | that knew it know it no more. The readers | ot these democratic missed # familiar when the | pet phrase was utterly dropped, and the home | rule which hax election “never a word sp | dently the editors of the z organs werfe in (Crovernor | they were not quite fair in | Mayor Wickham that the home rule cry was @ mere to eatch woodcocks,” and that he would expose himself to ridicule and discomfiture if he treated it as anything better than a party trick. Had Mayor Wickham been permitted to know that the home rule cry of his party was s deceitful pretence to gull honest voters he might have left out of | his Message the topics which make dent functionary who | nary courtesies observed between journals acqnaintance idone such good service slows home rule Cilden's secret, and not notifying ‘springe it so evi- that he has been snubbed by a t least owed him the ordi- a high officials yor Wickham is a model of Christian meekness and forgive- of the same political party. Ma respectfully suggest that it might be wise if | ness it he does not resent the contemptuous the Court should sit in the Brooklyn Academy of Music while Mr. Beecher ia testifying, | treatment he has received from Governor , Tilden. His removal of Corporation Coun- | shown much good will. We welcome the op- pressed of all countries, Kings are taken in, Emperors boarded and lodged, and Infantas taken to nurse. We will hospitably entertain Dom Pedro, Don Carlos, Alfonso, the young Prince Napoleon, the Pope and all foreigners who are in trouble. Pratensization of the Carlist and the gov- {ernment troops 1s reported from towns in Cabrera bas written a smart answer One hundred Carlists have This news is from Madrid, Spain. to Don Carlos. been eaptufed. | from which nothing favorable to the Carlist owuse is over by ay shanee reported. Is It Axotser Stocevis Casr?—It would must have | | seer as if the officers of the city institutions should have learned something from the in- | dignation excited by the Stockvis case, but it © | is evident that they have not yet been taught | all the | circamstances attending the death of Mr. De lessons they need. The suspicious Vernon, o stranger in this city, were first | publishe din the Henaty yesterday, and the investigation shows that he was beaten by one of the keepers at the Ward's Island Insane Asytum. Coroner Kessler yesterday ordered the arrest of this man, to await the result of the inques t. This case appears to resemble the Stock vis outrage very closely, The Governor of « Rarps.- ypealed to the frontier of the Rio Grande from Mex! ‘The Secretary of War has ordered troops to the front at once. We de- sire that Texas shall be fully protected, but it would be calamity if the robbers of Mexico should make serious trouble between the two | countries. The nation does not want war with its neighbors. ; THE | Texas fect the an invasion, The Troubles of Men of Genius, The wide sweep of the investigation opened | by the Beecher trial in Brooklyn necessarily leads us to consider many of the metaphysical questions that have been brought by it into prominence. ‘The plain issue whether or not Mr. Beecher is guilty of a crime has long since been eliminated from the controversy. It is difficult to understand an issue in which the plaintiff is suing for money which he does not want, while the defendant is fighting for a reputation he has survived. Therefore, as a mere legal controversy, the Beecher trial is of only secondary interest. There have been revelations about the operations of the law and the value of modern justice, about the rights of witnesses and the utility of cross- examination, which must in time be valuable. ‘The most painful development is that under New York law a wife has no rights which a husband is bound to respect when he becomes a plaintiff in an action for criminal conversation. We had the hope that the Legislature would accept the Heraxp’s idea and pass a law enabling Mrs. Tilton to testify. But this will scarcely be done. It is understood—in fact, the avowal has been made officially—that if Mr. Beecher summons Mrs. Tilton as a witness Mr. Tilton will make no objection. This action on the part of counsel might solve a very important problem and at the same time give a result so conclusive and satisfactory that there could be no doubt of ultimate justice. These, how- ever, are the minor phases ot the Brooklyn trial. There is a spiritual aspect, in which it is not without interest. We see the inside life of a man of genius, and in studying the evidence of witnesses like Bessie Turner we are led to ask whether a man of genius has rights which the public are bound to respect? Men of genius are supposed to be abnormal, meteoric, free from the ordinary laws of busi- ness or society, moody, moony, uncontrol- lable, with privileges in the way of night- walkings, and sleepings in daytime, and in the matter of brandy and water, which cus- tom since Byron’s time has consecrated, The evidence is, however, that Mr. Tilton, a man of genius, could not come into his house at an unusual hour in the morning from a midnight moonhght stroll, listening to the chimes, without receiving a letter from his mother-in-law, who had been lying awake waiting for his arrival to write him a note. ‘The irreverence of modern literature has not clothed mothers-in-law with attractive quali- ties. And yet how can there be mothers with- out mothers-in-law? We are frank to admit that the spectacle of a mother-in-law sitting on the edge of a bed at two o’clock in the morning writing a letter toa man of genius, who has been pacing under the moonlight, is calculated to excite our commiseration. A good deal can be pardoned to Mr. Tilton when we remember that this was among the crosses of his life. We should not recommend the superintendent of any orthodox Sunday school to become an ally of Mrs. Woodhull, for instance, in preaching her radical doctrines; but even the company of Mrs. Woodhull would be a relief from a bur- den like this. If the defence in the Beecher trial should ever drift into the direction of hallucination on the part of Mr. Tilton we are confident that this mother-in-law evidence will have a great effect upon the minds of the jury. There isno reason whyaman of genius should not hang pictures at any time of the night andin the costume most suited to his fancy. The evidence is that Mr. Tilton was in the habit of spending the nights not given President to pro- | to moonlight contemplation in arranging his art treasures. This we have on the word of Miss Turner, and it has become a matter of ridicule and reproach, we think, unjustly. If the result of this trial should be to or- dain that men of genius must be as other men, that they must be governed by the same rade, harsh rules of daily life, then what is the use of genius, and why should we “‘have a noble name,’ and of what value are those precious gifts which on so many occasions are permit- ted to justify a way of life that plain, common people naturally deplore? April Fool's Day. There is no day in the year which is more solemn to the thoughtful mind than this. Man has wisely set apart certain days for the celebration of his own virtues, and so we are patriotic on the Fourth of July, thankful on | or about the Twenty-fifth of November, merry on Christmas and happy at New Year. It would not do to be patriotic at Curistmas, nor merry on the Fourth of July. regulated mind will not confuse its festivals, All of these days, together with Michaelmas, Martinmas, Whitsuntide, Blue Monday. and others which we do not remember just now, are very usefal in promoting the different virtues, bat the First of April is the most im- portant of all. On this anniversary it is our dyty to retire into our closets and meditate upon the follies of our friends. Alas! how many of them furnish us with material for gloomy reflection. It is im vain for us to af- our friends are not fools ; far better to frankly acknowledge their faults and humbly en- deavor to remove them. The great trouble is that a fool will seldom admit that hé is a fool He becomes angry if you tell him 0, and will not be convinced by the most emphatic assurances. But on more easily touched. On the First of April you should approach a fool with an air of sympathy, and, shaking him warmly by the hand, say, ‘Well, you are not going to the store to-day, I suppose?’ or, ‘How do you think you will spend your holiday?” or, “Cheer up, old boy, it wili soon be over,” or | any similar expressions which will show him that you are sincerely sorry for him. Or, if you meet him in the street, you might glance at your diary and exclaim, ‘Well! this is a coincidence ;" or, ‘1 knew I would meet you to-day;"’ or, in @ jocnlar vein, you might say, “The man and the hour are come at last.” If your friend is the fool we have rea- son to believe he is he will understand these allusions to his anniversary, and may be thankfal for the reminder; or, if he is still unconscious, you might tell bim there “is something on his nose;'’ and, when he feels it | and asks ‘“‘What?” yon can answer, “Your thumb.” He will then confess himself ‘a focl, | | and you can go away with the knowledge that you have pertormed a worthy action. When you suspect two of your friends to be fools, yet are not sure, it is a good plan to tell A weil- | fect a forced cheerfulness and pretend that | this one day of the year his better nature is | upon each other. Thus, let one say to the other, “There is a bear in Wall street,” and the other ssy to the one, “There is a bull in Wall street’? They will then go together to investigate the story, each laughing in his sleeve at the expected discomfiture of the other; but when each ex- plains that the witticism refers to the rise or fall of stocks both will become angry, while you, standing at a safe distance, may laugh heartily at the success of your plot. The next day they will come to you and admit that you were correct in your esti- mate of their characters and will ever after- ward bo grateful to you for teaching them their own folly. likely to occur which it would be unnecessary to explain to our intelligent friends. The ancient anniversary promises to be celebrated this year with unusual enthusiasm. ‘The number of fools is shown by the official census to have largely increased, and they will make a formidable and imposing demon- stration. In our columns to-day we print the programme for the grand procession on Broadway, to be reviewed by the Mayor and Aldermen ; the banquets at Delmonico’s and the various hotels; the meetings at Union square, Cooper Institute and the Battery ; the Big Bonanza revelries in Wall street; the celebration by the Legislature at Albany and the appropriate festival at the Brooklyn Court House. Performances suitable to the day will be given in several of the theatres. The celebration will be worthy of the city, and we are sure that none of our friends will fail to improve the time. Big Bonanza Speculations, It is not for us to interfere with those gen- tlemen who buy and sell in Wall street. It has always been the policy of the Hrraup io refrain from criticising any mere business matters. The temptation to use the press to create false impressions as to mines, shares and stocks is one of the constant perils of modern journalism. We prefer the theory that the people who buy and sell shares in any com- pany should make themselves thoroughly acquainted with the value of the property before engaging in its purchase. If they find they have made a mistake the fault is their own, as it is neither the duty nor within the power of any journal to learn the exact true value of these vast interests, widely ramified as they are, depending for their value upon a thousand circumstances with which journalists cannot be familiar. At the same time, when we are in a business excite- ment like that which has pervaded Wall street for a few weeks past, it becomes the duty of » journalist to warn the people, just as itis the duty of the con- stable to warn the wayfarer from the pesti- lence or the fire. What we see in Wall street is a prodigious purchase and sale of shares that are known to have a fancy value. There has grown up in our money market an arti- ficial system of buying and selling what are called ‘‘puts’’ and ‘‘calls,"’ which is not gen- uine business, bat gambling. The men who buy and sell the shares quoted in our money market reports every day are not purchasers of real property, but simply speculators, who press fictitious values up and down in the hope of gain. This whole system has be- come developed to such an extent that fifty thousand shares of stock can be bartered in Wall street with a small amount of money. The whole system is fictitious. So long as it is confined to stock gam- blers and business adventurers no one will complain. The public will look on with as much concern as they would stndy a conflict between wild Indian tribes or a horde of prairie wolves. But the danger is that in times of business excitement like the present, when the stock lists show a sudden rise in value, the outside public, who are always tantalized with stories of enormous chasing these shares. The result is that the speculators, after putting their stocks up to @ false valne, succeed in selling to the out- siders, who carry off their losses to suffer as best they may, while the stock gamblers calmly organize for another campaign. ‘Therefore the practical study of the stock gambler is | how to iaduce the outside public—merchants, business men and citizens who have means— to go into the street and be robbed. This is the plain English of it, and those who deal in such ‘‘securities” as we-have seen, so far as the outside public is concerned, are little more than highway robbers. | tions, rf they represented business interests that had been swindly managed and yielded revenues, and could be safely purchased for investment, then we should regard the enor- mons sales of yesterday and the day before as an evidence of healthy activity in business, of the possession by our citizens of a large amount of money and of their anxiety to in- vest their capital in the enterprises of the country. But take the three “‘intorests” which have been most popular for the last sixty days. First, we have a railroad born in fraud, which was robbed by an inside ring of Crédit Mobilier statesmen, which was strip- | ped by its projectors of every dollar they could put into their pockets. We pass on to another five mortgages, and which has been robbed by one set of thieves after another, which is drifting surely into bankruptcy, and whose | name has become a stigma upon American | enterprise in every part of the world. We | take up another enterprise and we find that its snanagement was the subject of close inves- | tigation by Congress ; that it became evident | that its management was corrupt in every respect, so corrupt that the Senate and House | deprived it of government nid. We find these | interests in tho hands of daring speculators. We find a steady, ingenious movement to give them new life, to fill the papers with stories of their value, to tint them with rose color, 80 as | to induce the people to rush in and buy. So | steadily has this process been sustained that the shares have been pushed up from one point to another in value, and the desire to deal in them has become a mania. Where it will end we do not know. What | we fear is that there will be a reaction, inju- rious not slone to the comparatively few people who buy shares, but to the | whole business interests of the nation. Here we are emerging from the dark period + of unusual business depression and despair. Here we are on the verge of a spring more | | | than usually promising in its opportunities, Many incidents of this kind are | them separately how to play jokes or gibes | Everything locks to a prospesous summer and activity in trade, to regaining so much of what has been lost during the last three dis- mal years. If this should be checked by ax explosion in Wall street, if we should havea reaction now, the effect would be more dis astrous than it was two years ago. The way to avoid this is for our people to use the ut most caution, to keep away from Wall street, to avoid dealing in these fancy shares, te allow the gamblers to fight it out among themselves and to cut their own throats; t mind their own business in an honest, sensi ble way, and to be content with the fair gain of trade, and not to tempt ruin by adventures among the brigands of the money market. The The democrats met an unexpected check ix New Hampshire, and if they should also meet a check in Connecticut in the election which takes place next Monday there will be a con siderable abatement of the sanguine hopes founded on their splendid yictories last year, Their check in New Hampshire can be a0 counted for. The democratic Legislatun egregiously abused its power last year ané disgusted many honest citizens, and thi republicans had the shrewdness and tact te repudiate and denounce the third term in this year’s platform. And yet it is a discouraging circumstance for the democratic party that the opening election of the year went against them in spite of the moral effect of the demo cratic victories of last year, and in spite of Grant’s military interference with the Louisi- ana Legislature and other fresh topics of accusation. If the Connecticut election next Monday should be an additional check to the democratic party it will have reason to think that the ‘tidal wave’’ begins to ebb and recede. Connecticut differs from New Hamp. shire in lying within the area of prompt in- telligence. Every part of Connecticut is within a few hours’ distance of New York by rai. There is a larger circulation of New York newspapers in Connecticut than in Cen tral or Western New York, whereas New Hampshire is a remote agricultural State, through which intelligence permeates slowly, This is a great advantage to the Connecticut democrats, who ought to be as well informed on public questions as the citizens of New York. If they receive a check it will be a bad omen for the democratic party. Our sources of information lead us to think that Governor Ingersoll will be re-elected, but that the three republican members of Con- gress will also be re-elacted, leaving the demo- crats in possession of the one district repre sented by Mr. Barnum, who is a candidate for re-election. If such should be the result it will be a drawn battle,and a drawn battle will be more favorable to the republicans than to the democrats, an arrest or turning back of the ‘‘tidal wave'’ being unfavorable to democratic hopes. It is suspected that there will be considerable political trading in the Connecticut election. Greene, the repub- lican candidate for Governor, is such an en+ Connecticut Election, fortanes made in Wall street by daring, able | | speculators, will rush in and insist upon pur- | If these sales were really honest transac- | railroad which is already covered by four or | thusiast for Grant that, as Mayor of Norwich, he caused a hundred guns to be fired in honor of the President's indorsement of Sheridan's “banditti’’ despatch. It is suspected that bargains will be made for withdrawing ree publican votes from him and giving them to Ingersoll, on condition that an equal number of democratic votes be given to the republican candidates for Congress. If, in consequence of such trading, Greene should be flung out and Ingersoll be re-elected, the election will rather demonstrate the unpopularity of Presi- dent Grant than the weakness of the republi- can party. If the democratic party were really strong in Connecticut it should scorn to descend to such bargains. PERSONAL INTELLIGENCE, The Secretary of the Navy returned to Washing» ton Tuesday evening. Matt H. Carpenter, of Wisconsin, 18 sojourning at the Brevoort House. Captain R. B. Lowry, United States Navy, is quartered at Barnum’s Hotel. Sir Edwara Thornton, the British Mintster, isin town, and tue guest of L. P. Morton, Esq. Count Puckler and Baron G. Von Ruffer, of Ger- many, are registered at the Windsor Hotel. And after years of hanging on the ragged edge Beecher takes the stand on April Fools’ Day. Paymaster 8. T. Browne, United States Navy, has taken up his quarters at the New York Hotel. Rear Admiral Augustus L. Case, United States Navy, is residing temporarily at the Grand Hotel. Adjutant Genera! James A, Cunningham, of Massachusetts, has arrived at the St. Nicholas Hotel. Major General Winfield S. Hancock and family have taken up their residence at Barnum’s Hotel. Lieutenant Commander Charles H. Davis, Jr., Untied States Navy, is stopping at tne Filth Ave- nue Hotel. All the guns to rearm Europe ought to be made in this country, but “protection” makes materia: and labor too dear. ‘There are some countries in which the press | needs liberty, but io our country its greatest want at present 1s some wholesome restraint. On the public, acbt of ali tne nations of the World together an interest of $10,000,000,000 is paid every year to the bioated bonanvlders. In France the project 1s being discussed of ap international exposition solely for the wines of various countries, to be heid this year in Paris, | ‘The Washington police are closing all the gam- | ing estabitshments tn the capital. How Congress- men at the next session will suffer from ennui! Judge James D. Colt, of the Massachusetts Su- | Preme Court, and Jadge Wiiltum & Peirce, of the Philadelphia Court of Common Pieas, are at the Grand Hotel. ‘Talmage says ‘“od will get even” with people who publish the Beecher trial reports. How handily such fellows measure out divine ven geance for other people. Joho Sherman, Jr., the head of the Washington banking honse of Sherman & Co., left Washington last night to join President Grant and party at the Futh Avenue Hotel tn tnis city. ‘The Saturday Review is of opinion that there ie no better sign of the prosperity of the world than the liberal incomes now allowed by the an- tnors of noveis to their heroes and heroines. Only one more fact was wanted for the full hit tory of the Greeley movement, and this comes on the authority of Mps. vdhuli, It ts that the | nomination Was due to Theodore Titon. Poor old Horace! | President Grant and wife, Mr. and Mrs. Sartoria and Lioutenant Colonel Frederick D. Grant aud | Wife arrived in this city last evening trom Wash. ington and are at the ft Avenue itotel. They Wil! remain in the cliy several days, #t the end of | | which time the President wili retara to Washing. | ton and Lientenant Colonel Grant will procved te | Chicago to resume his dnties on the stad of Gen eral sheridan, Mr. Bristow wrote to General Spinner that Gem eral Grant was of opinion that as soon as a mag comes to look upon DMimself ax “necessary to tne government” he ought to get out of ofice or be putont, Giad to xnow fils Exvelloncy's thoughte on this point, As the third term project ts based on the notion that Grant is “necessary,” will na act on his own theory or wait to have tt applied # | Ly te clearer im his case thea in Spinner's,