The New York Herald Newspaper, July 24, 1875, Page 4

4 NEW YORK HERAL BROADWAY AND ANN STREET. JAMES GORDON BENNETT, PROPRIBTOR. NOTICE TO SUBSCRIBERS.—On and after January 1, 1875, the daily and weekly editions of the New Yore Henatp will be sent free of postage. THE DAILY HERALD, published every day in the year. Four cents per copy. Twelve dollars per year, or one dollar per month, free of postage, to subscribers. All business or news letters and telegraphic despatches must be addressed New Youre Hararp. Letters and packages should be properly | sealed. Rejected communications will not be re- | turned. | LONDON OFFICE OF THE NEW YORK HERALD—NO, 46 FLEET STREET, | PARIS OFFICE—RUE SCRIBE. | Subscriptions and advertisements will be | received and forwarded on the same terms es in New York, AMUSEMENTS WIS APTERNOON AND EVENING, | Eighth street.—VAMITY, at 31 jae " - WOOD'’s MUSEUM, Broadway. corner of Thirtieth sireet—ACROS3 THE | CONTINENT, at 2 P.M. and 8 P. M.; ‘closes at 10:45 P.M. GILMORE’S SUMMER GARDEN, late barnum’s Hippodrome.—GRAND POPULAR CON. | CHAT, at 52. M.; closes at 11 P.M. OLYMPIU THEATRE, | No. 6% Broadway.—VARIETY, at 8 P. af ; closes at 10:45 | Y. a, Matinee at2 P.M, CENTRAL PARK GARDEN, THEODORE THUMAaS’ C1 RT. at P.M ROBINSON HALL, West Sixteenth street.—English Opera—THE ROSE OF Agvee and CHILPESIO, at 8 P.M. Matinee at WITH SUPPLEMENT. NEW YORK, SATURDAY, JULY 2 THE HERALD FOR THE SUMMER RESORTS. To NEwsDEALERS aND THE Pustiic :— Tux New York Henarp runs a special train every Sunday during the season, between New York, Niagara Falls, Sara- toga, Lake George, Sharon and Richfield Springs, leaving New York at half-past two o'clock A. M., arriving at Saratoga at nine o’clock A. M., and Niagara Falls at @ quarter to two P. M., for the purpose of supplying the Scypay Henaxp along the line of the Hudson River, New York Central and | Lake Shore and Michigan Southern roads. Newsdealers and others are notified to send in their orders to the Hzratp office as early as possible. For further particulars see time table. From our reporis this morning the probabilities are that the weather to-day will be warmer, cloudy and rainy. Persons gowmg out of town for the summer can | have the daily and Sunday Hznaip mailed to | them, free of postage, for $1 per month. Watt Srneet Yesterpay.—The stock mar- ket was heavy and inactive. Gold went off | to111}. Grain declined in Chicago. Heratp Enrxrprise.—At a meeting of | scientists in Nancy a high tribute was paid to the enterprise displayed by the Henatp in | sending an expedition to explore the North | Pole. Mr. Lucien Adam, commenting on | the service rendered to science by the Hemaxp, | said “it was one of the marvels of modern | times.’’ It is some satisfaction to know that | our efforts to solve the mysteries of Central Africa and the Polar regions are appreciated | by the leading scientists of Europe. Prrosorz has no intention of subsiding be- | cause Mr. Disracli frowns onhim. It now | appears that his violent Janguage to | the House was premeditated, as he went to the House of Commons prepared to go to prison for contempt. He | refuses to apologize and is seeking for pre- cedents to justify himself. In all probability there will be another scene when the Ship- ing bill comes up for final disposition. Taz Pouce Isvestication.—Usually we have little faith in committees of investigation, but the exposure of police inefficiency and corruption which excites public wonder is an | exception. It ig quite possible that very few of the people who are getting found ont will | be severely punished, but no doubt an ulti- mate result will be the retiring into private life of many prominent officials, In any case | the present investigation lays the foundation | tera. | We pablish in | snother column an interesting interview | with Mr. John Morrissey on the subject of his proposed expulsion trom Tammany. Ho | speaks out with characteristic frankness, and | deals pretty severe blows at the hostile Tam- | many chiefs. Mr. Kelly is punished severely, | and grave charges are made against Mayor | Wickham to which he, doubtless, will give a prompt response. No doubt before they have expelled Mr. Morrissey they will find that the | work they have sct themselves involves the | Giving and taking of hard knocks. Tas Exicnant Commisston.—Tho inves- tigation by the Legislative Committee into | the affairs of the Emigrant Commission promises somo spicy developments. The | fight against tho Commission is carried on wholly in the interests of foreign steamship companies, who would naturally like to abol- | ish the tax on emigrants. But it is desirable that some provision should be made for the poor who are thrown fricndless on our shores, and as these foreign companies make their immense profits largely out of the emi- grant trade it is only right they should be compelled to contribute to the support of the helpless or the worthless they convey to this country. We do not believe in the advisa~ bility of imposing a heavy bead tax, but some must be made for the protection and aid of the emigrants. The = mye Commission, no doubt, is not perfect; but if | ceeded by | cumb to public opinion and was replaced by | out of it presented new complications, both | his Secretary in the face of the Indian Ring | country. Niknw YORK HERALD, General Grant and His Cabinet. The Cabinet developments of the last few days have shown with great clearness that the troubles of the republican party are mostly confined to the administration of General Grant. There is no organic disease, but only a stubborn local irritation exceedingly pros- trating in its effects. If the party is able to throw off this irritation and to separate the administration in its worst forms from the ensuing Presidential canvass, with a good can- didate and a strong platform, it will have an | open field before it with every prospect of | suecess. This is the difficulty and thas in | reality is the meaning of the Cabinet struggle. Curiously enough the Cabinet itself is divided on the issue. In the beginning the President viewed the members of his Cabinet as his official family, each ot them being regarded by him as little more than a personal retainer of the Executive. Time overturned this happy arrangement. Creswell gave place to Jewell. The Boutwell-Ricbardson régime was suc- the advent of Bristow. Even Williams was compelled to suc- Pierrepont. Although Fish and Robeson and Belknap and Delano remained mere personal government was at an end, The issue raised by this attempt et personal rule was not ended, however, and the abuses which grew tothe President and the party. First of all was the question of a third term for Mr. Grant. The Cabinet dared take no strong ground in its favor in opposition to the evi- dent sense of the country, and at last the President himself yielded sufficiently to de- clare that he would not accept a third nomi- nation if it‘was not offered him. Being out of the race it became all important that neither he-aor his surroundings should be a deadweight upon the party in the ensuing Presidential campaign. This necessity ap- pealed most sensibly to the newer members of the Presidential family; and to Jewell and Bristow the continuance in office of @ man like Delano was a hindrance not to be endured. The Secretary of the In- terior had brought the administration and | the party into discredit with tho country. His management of the department, espe- cially in regard to Indian affairs, was, to say the least of ii, disreputable. If the party was to be saved it was plain, even to the meanest understanding, that Delano must retire. Nobody knew this better than the Secretary, and at first he was willing to go. Just here General Grant’s faculty for stolid resistance manifested itself, to the detriment | of the party and to the discredit of his ad- ministration. Because the newspapers said Delano ought to go the President determined that he should ‘stay. The country accepted the conclusion as it is apt to accept all such conclusions—with rebuke for General Grant and for ali who advised or countenanced the position he had assumed. No administration \ surrounded by the political influences which | are inseparable from every administration in this country could long withstand this opposi- tion, and now the signs of surrender to an | overwhelming public sentiment may be said to be complete. ° Ina short time the republican perty will have its organization and policy in its own | hands, or the rank and file will be arrayed in hostility to the office-holders, with all the po- litical chances in favor of the democracy. Last year this result seemed already to have taken place, but the ebb and flow of politics have brought another opportunity ior the party if a feeble administration can only be induced to yield to wiser counsels and to give up the policy of ruin in the endeavor to rule. It is to be hoped this wiser course will be adopted, and that the President will yield to | the almest universal desire of his political associates. If he does not, we shall see what has not been seen in fifteen years—a demo- cratic administration in power at Washington and the republican organization destroyed. The promise of a different result is to be per- ceived in the compellél resignation of District Attorney Fisher and in the active opposition to Delano. Tue retirement of the one is the entering wedge for the displacement of the other. Even General Grant can scarcely save | | exposures, and with at least two members | of the Cabinet hostile to their associate. No other President would attempt to save him, and any other official except Delano would | not ask to be saved. It will thus be seen | that the issue which so seriously threatens | the party comes out of the Cabinet itself. It | is the struggle between the real and the ac- cidental leaders of the republican orgamiza- | tion, and a6 President-making is always the | test of partisan supremacy every political con- | sideration is weighed and tested in the light | of the Presidential contest. More than one Cabinet bas been’ broken to pieces upon that issue, and the present administration cannot prove an exception to what is almost arule unless Delano’s retirement gives it co- hesiveness both with itself and with the It is an event as necessary in its way as was General Gugnt’s third term letter, aud compliance or non-compliance with the demand of the people in this matter will de- termine, possibly, the unity of the Cabinet, but certainly the political future of the repub- lican party. We would not lay so much stress upon a | matter apparently so insignificant if we were not persuaded of its importance. The repub- licans cannot afford to enter the next Presi- | dential canvass weighed down by the corrup= tions of General Grant's administration. Even | the President would concede this if he was a | frank man given to the expression of his | thoughts. Delano is the worst part of the ad- ministration—the Cabinet officer who, more | | than any other, has brought discredit to the | ships which do him little credit, and he often persists in keeping in office the men who are least creditable to his administration, In the present instance he may persist in retaining Delano at the head of the Interior Depart- ment, notwithstanding the opposition of his Cabinet and in defiance of the general senti- ment of the country. In such a contingency only one of two courses is open to the party— an undisgnised rupture with the President or defeat in the elections. Mr. Bristow, if he aspires to become General Grant's successor, can better afford to break with his chief than | to court disaster for his party. Mr. Jewell is too astute a politician not to view the subject in the same light. Thess gentlemen have been thwarted in their efforts at reform by the class of men to which Mr. Delano belongs, They bring discredit to the administration and disaster to the party, and unless these Cabinet officers rebuke their corruptions they will be compelied to share the responsibility. Here is a complication for which General Grant was scarcely pre- pared when he called Bristow and Jewell to his counsels. Practically they stand between him and the party and be- tween the party and defeat. Though seemingly in unison the Cabinet is really divided in sympathy, and in the end it must be divided in fact unless the President yields to the political exigencies of the occasion. However attached these gentlemen may be to the President personally we cannot believe that any one of them would allow his per- sonal feelings to lead him into dishonor or induce him to consent to the disruption of the party. In them we see whatever hope there is for the restoration of republican ascendency, but unless they succeed in puri- fying the Cabinet they cannot hope to re-es- tablish the party. North Carolina and the Parties in the South. We print to-day the first of Mr. Nordhoff’s letters from North Carolina, in which he de- scribes the political and industrial situation in that State, and says that North Carolina is at peace, and that no respectable person within the State pretends it is not. The bit- terness of party feeling appears to have greatly died out; and while, as our corre- spondent reports, the agitation of the Civil Rights bill has, by arousing prejudices, strengthened the political color line and very nearly broken up the republican party in the State, it is evident that North Carolina society is no longer to any serious extent agitated by | the hatreds which grew out of and remained after the war, and which still burn in some of the Southern States. ; The State appears to be pretty evenly di- vided politically, and each party hopes to carry it in the August election, when dele- gates to a constitutional convention are chosen, Mr. Nordhoff remarks that the democrats appear to have bluandered in call- ing this convention, because they will be re- sponsible for its acts, and the people of the State like the present constitution, which needs amendment only in one or two particu- lars. On the other hand, it appears that the republican party is so far disorganized in the State that it it is beaten this year it is likely to go to pieces; and then, our correspondent believes, a new party will arise in its place, which will contain more of the brains and wealth of the State and which will rule, but not by a political division founded on the color line, It is curious to read that one of the leading colored politicians of the State told Mr. Nord- hoff that be and others of his class were op- posed to the Civil Rights bill, regarding it as party. When asked why, in that case, they did not openly oppose it this colored man replied that he did not dare to, that he would have been turned out of the party as a bolter. That is to say, some of the leaders of the col- ored vote know how to intimidate and ostra- cize as well as anybody else. The Mountain Meadow Massacre. The trial of Lee, for participation in the Mountain Meadow massacre, bids fair to be- come a parody on justice. By the tele- graph we learn that a jury has been chosen to try the accused, and that eight of the men who’ are to be asked to convict him are drawn from a class of the community not likely to be over zealous in seeking the ends of justice. This by itself would be sufficient to create a want of confidence in the jury which 1s to try Lee; but when we learn that near relatives of prominent ac- tors in the massacre have also found a place on the jury the pretended trial assumes the character of a farce, he eight Mormons, including the relatives of some of the men who assassinated the emigrants, swore that they had never heard the massacre talked about and had no opinion respecting it. What the value of this testimony is remains to be seen; but the sight of near relatives of the men who participated in the massacre of the emigrants sitting in judgment on one of the suspected assassins is not likely to create much confidence in the just administration of the law. It is incidents of this kind that canse men to inquire whether trial by jury be not, after all, a mistake. In the present case we think that if a jury capable of com- manding the confidence of the pub- lic of the United States could not have been found it would have been better not to have moved in the matter at all. Should the accused man succeed in getting acquitted by a partisan jury he will be secure from any further pursuit of the law, Very little doubt exists as to Lee’s guilt, but it re- mains to be seen whether his comrades’ relatives will be willing to pronounce him guilty on the evidence. The precedent’ es- tablished by their presence on the jury is not President and disgrace to the party. The charges of Professor Marsh, if not in them. | selves sufficient cause for his removal, have | been so treated by him that no President sen- | sitive to his own honor and that of bis admin- istration would allow4he Secretary’s conduct to go unrebuked. The Department of the In- terior has become typical of all the corruptions which surround Grant and threaten the party. To a certain extent the Secretary is the em- bodiment of republican misfortune, and a strong feeling against him should exist in the Cabinet as well as in the party. His over- throw is demanded as a concession to purity, | and the demand comes from those highest in | Political standing. Woe are not sure, how- pleasant to contemplate, for if every mur- derer is to be tried by the friends of his ‘pals’ society will soon be obliged to aban- don all reliance on law procedure and return to the ruder but more efféctive modes of ad- ministering justice. Rarm Transrt.—Very little has yet been done by the Rapid Transit Commission. There is a startling report that the Green- wich Street Elevated Railroad is anxious to confiscate the Buttery Park to their own use and turn it into a depot. The proposition will not be favorably received by the public. We have too few public parks already. Let | the land grabbers keep their hands off the we abolish it what will the steamship com- | ever, that General Grant will not resist it. | people’s park, or they may got rapped over ponies xive us in exchange ? | He has o curiony babit of clinging (o friend tho knuckles, aud vigorously, The National Big Bonanza. SATURDAY, JULY 24, 1875.—WirH SUPPLEMENT. hope they will see their way to accepting By the reporis given in another column of | Colonel Gildersleeve's invitation to visit us the condition of the various crops of the country it will be seen that, with some abate- ments such as we have already referred to in the hay crop, the general product is one that would be satisfactory in any year, but must be cause for rejoicing in a year when the markets of the world seem open to us. Our twelve hundred million bushels of cereals will find the world in want, and the farmers will no longer have occasion to grumble at the insufficiency of money. There is always plenty of money for him who has some valu- able commodity with which to buy money; and the tarmer of the West, prosperous in the possession of what the world must pay him for, will be in a position to see clearly through the shallow devices of the politicians who have pretended to explain his poverty on the theory of the want of money to effect the exchanges; when, in fact, the trouble was that there were no exchanges to be effected. With all Europe clamoring for his grain he willsee that the pretended want of money “to move the crops’’ is a snare, and that the currency in circulation is ample for our wants. This burst of prosperity will prob- ably whip the democrats in Ohio, and may startle them like an earthquake in some other places. In many States wheat, oats and barley are already harvested, and the returns have been unusually abundant. Farther north, where the harvest of these grains is just beginning, the promise is unusually good. In some parts ot New York, Ohio and Indiana the wheat is light, the hard wiater having killed the win- ter sown seed. But take the whole country through, and we find that not only is the yield very great and the area sown greater than last year, but the quality of the grain is surpris- ingly good, From Texas to Minnesota and Dakota, and from Maine to the Rocky Moun- tains, the farmers are made happy by full crops; and even California, which has suffered somewhat from drought, promises to send out to the Eastern world a surplus of three hundred thousand tons of wheat. As for the South, its planters have this year given more attention than ever before to grain and meat, and with a result which will make them happy and put money in their pockets, The cotton crop is looking well everywhere, and though it is not yet entirely out of danger from the worm, which may appear as late as the 16th of August, it promises remarkably well. We doubt if the area planted in cotton is much greater than last year; but so much corn and meat will be raised at home that the net return of this year’s crop will be greater, both to the planters and to the laborers who cultivate on shares, than ever before since the war. Unless, therefore, unexpected misfortunes should overtake us, we have before us a year of general abundance and the material for a revival of prosperity. And this comes to us just ata time when the country seems to be slowly but certainly recovering from the prostration of its industries, and when we may expect it to do the most good. All the reports of the condition of the wheat crop touch the winter wheat, which is gen- erally somewhat over half the whole crop; but of the spring wheat we cannot have trust- worthy news for two weeks to come, and itis, therefore, not quite too late yet for us' to have’ in common with the people of Europe our own taste of calamity. Our supply is, there- fore, not yet certain, but all the indications as to what we may anticipate are excellent. If England and France must buy this year more than the usual proportion of their bread- hurtful to the negroes and to the republican | siaity, ne Teno peat ofr ery pe igi floods and untimely rains, it is as fortunate for them as for us that our crops promise a har- vest so abundant. The Wimbledon Victory. Oyr English cousins, we are sure, regret their refusal to allow our riflemen to com- pets for the Elcho Shield. It would have been so much more satisfactory to have been worsted in a manly stand-up fight than to have been beaten at second hand that the Britishers may well feel some chagrin at the humiliation they have suffered. No doubt their refusal to allow the Americans to par- ticipate in the match was founded on pru- dential reasons, but it was the fabled prudence of the ostrich that buries its head in the sand and imagines itself safe from pursuit. By retusing to admit the Americans on one plea or another the English hoped to stave off comparison with themselves, They would bave been willing enough to pooh-pooh the victory won at Dollymount without risking the experiment of a trial of skill; but the result of the contest for the Elcho Shield puts this out of their power. It demonstrates clearly that the reason why the Americans were not permitted to shoot for the ‘‘Shield’”’ was the fear that they would renew their victories of Creedmoor and Dolly- mount. That this fear was well founded has been fully proved by the record of the scores, the ay-rage of the shooting done by the winning team falling far below what even the defeated team accomplished at Dollymount, It was notorious before tho contest came off that the team ropresenting Ireland was by no means a very good representation of the Green Isle. For some reason, which the tele- graph has not explained, two of the best marksmen of the Irish team withdrew. Their places were filled on the very eve of the con- test by riflemen who, though good shots, were not equal to Messrs. McKenna and Pol- lock, who retired. This change in the com- position of the Irish eight was favorable to the English and Scotch, and this was so strongly felt that the defeat of the Irish was looked upon as certain. The English and Scotch teams have not even the consolation of thinking that they were defeated by as strong a team as the Americans triumphed over. Our riflemen, in view of all these facts, may fairly lay claim to the championship of the world. On two occasions they have over- come the best marksmen that the United Kingdom could produce; and not alone did they defeat their antagonists but made higher scores than have ever been made at any time by any other riflemen on record. Much of their success is, no doubt, due to the splendid accuracy of their rifles; and the victory won by American nerve and eye has been eqnalled by the victory won by American craftsmanship. If any doubts remain in tho minds of the English and Scotch teams as to the extent of our victory we shall be glad to go through the test mext yoar again, Wo during the Centennial year. If they wish to appeal from the defeats of this year we will give them every opportunity to display their skill and nerve. In any case we would like them to come. If they will not shoot with our riflemen we shall be happy to present them with a cup which they can take to England and shoot for among themselves, We feel certain that our Irish friends will not abandon the struggle for the supremacy, and we look forward to the landing on our shores of a formidable team resolved to retrieve the honors lost at Creedmoor and Dollymount, and for them there will be a welcome as hearty as was ex- tended to our American riflemen by the Irish people, i Politics in England. Mr. Disraeli has announced that the pres- ent session of Parliament will be prorogued on the 10th or 12th of August, and possibly atan earlier date. This will bring to an end the second Parliament of Mr. Disraeli’s Pre- miership. The country gentlemen of England are anxious for the moors and their summer shooting. Already there has been much res- tiveness at the apparent lingering of Parlia- ment in London. The scene that took place night before last when Mr. Disraeli proposed to withdraw the Merchant Shipping bill was not without significance. The fact that so excitable and earnest a gentleman as Mr. Plimsoll should quarrel with Mr. Disraeli because he had sacrificed his favorite bill is a little matter. Every legislative body opens its deliberations resolved to pass the largest number of measures. These good intentions, like many that we see in public life, flitter away. We have atthe close of the session a meagre list of achievements, In England the withdrawing of measures that the government desires to adopt, but which it is evident can- not be passed under the rules, is called the “massacre of the innocerts.’’ Of course the member who finds his own especial pet measure among the ‘‘innocents’’ takes his own way of expressing his feelings. Mr. Plimsoll has for many years, at a great sacrifice of time and money, with singular persistence and devotion, agitated England on the subject of the safety of ships. He has said many foolish things and no doubt made many hasty charges. It is not in the nature of enthusiasts to be temperate or calm ; but he has the heart of the English people with him. Therefore, when he breaks into a furious denunciation of the government, although he invaded the rules of the House of Commons, and will probably be expelled or censured, he gave voice to a sentiment that will be heard all over England. It may be that the Merchant Shipping bill was a sentimental question. Practical poli- ticians like Disraeli and the hard-headed ma- jority of country gentlemen who sit behind him do not care to waste time in its discus- sion. But Mr. Disraeli, who has dealt so much in sentiment, and who understands perfectly the poetry of politics, should know of all men that sentimental questions like this are apt to move the hearts of the people with peculiar force. It would have been much better, we think, to have given Mr. Plimsoll his bill, and in so doing satisfied a humane and just spirit and reformed a crying evil. If the overloading of ships is so much a habit ; if men are deliberately drowned by avaricious shipowners, as Mr. Plimsoll declares; if the subject is of consequence enough for the gov- ernment to introduce a bill, it certainly should have been adopted. ‘The truth is, Mr. Disraeli’s management of affairs during this second session of his reign has not been satistactory either to his party or the people. He came into power with an unprecedented majority. His advent repre- sented a revolution in the public opinion such as had not been seen in England since the passage of the Reform bill. He had with him an able, powerful, and, in some respects, a most effective Cabinet. Behind him was a body of supporters, tories from conviction and interest. More than all, he had with bim the House of Lords, which has always been opposed to liberal administrations. No Premier siuce the j younger Pitt has had England 80 completely under his control. The country expected that he would redeem some of tho glowing promises of the election; that he would undo some of the ‘destructive legisla- tion” of Mr. Gladstone; that he would adopt @ policy more in consonance with the old traditions of the English spirit, He has dono nothing. A few bills of no especial value have been quietly shoved through Parlia- ment. There has been no debate worthy of the name. Dr. Kenealy, representing the Tichborne claimant, made one or two angry, tedious speeches. This has been the only episode in the session. A more stagnant Par- liament has not been known for years. Tho Prime Minister has been in ill health, and the government, which came into power with so many promises, so many opportunities, and so strongly placed for good works, begins to show signs ot decrepitude. Mr. Disraeli became Prime Minister be- cause he was confessedly a master of the art of political management. Asa leader of the opposition in the House of Commons ho has had no rival since Palmerston died. But the tact, the skill, the patience, the quiekness to seize an opportunity, the power of handling majorities which he evinced to so remarkable a degree as leader of the opposition, have not served him as tho Prime Minister. Whether it 1s from the weakness of advancing years, or from disease, or from, as many believe, intel- lectual incapacity to manage a majority in power we cannot say, But Mr. Disraeli closes his second Parliament sadly shorn of that glory which made him two years ago Prime Minister of England. Tue Boarp ov Hzaura continues the good work of filling in the Harlem flats, Tne Jaranesz are going abead in the mat- ter of constitutional government. ‘The com- bined energy and prudence shown by this people in freeing themsel¥és irom the preju- dices of their anciont civilization and adapt- ing themselvos to the advanced ideas of free government givo promise of a great future for Japan; for a people who can combine such o rapid advance in the direction of lib- erty without descending to license must pos- sess the virtue of self-control in an eminent | degree, The letter we publish to-day, giv- | img details of the proposed constitutional changes, will be read with interest, The Way the Money Goes. The taxpayers of New York will have to pay the tax collector this year two dollars and ninety-four cents on every ond hundred dol- lars’ worth of property they possess. Taat is to say, a man who owns a house assessed at thirty thousand dollars will be compelled to pay to the city eight hundred and eighty-two dollars. If his house is mortgaged for fifteen thousand dollars his account will stand about as follows :— Interest on $15,000 mortgage City tax. Insuram ,» «$2,402 A house of this assessable value would rent at two thousand two hundred dollars a year, or, at an outside figure, say two thousand four hundred dollars. The owner has sunk the money he has paid down between the purchase price and the amount of the mortguge, and hence loses the interest on that sum. If the house cost thirty-eight thousand dollars he has paid twenty-three thousand dollars in cash. The interest on this amount if he had invested it at seven per cent would have beon $1,610. To have rented the house at the outside figure would have cost him in addition to his interest seven hundred and ninety dollars a year. For the privilege of owning the house, under our present ruinous rate of taxation, he loses about sixteen hundred dollars a year. This is a bad prospect for property owners, and it becomes important to inquire how it is that our public debt is swelling at the rate of twelve million dollars a year and that our taxes are increasing at the rate of about three millions annually. ‘The City Record of Wednesday last affords a partial clew to the way the money goes. The Corporation Coun- sel gives his report of suits pending against the city, numbering between three end four thousand, and involving millions of dollars. In addition to a litigation ruinous enough to break down the most prosperous business we have a constantly increasing debt, bearing for the most part the exorbitant and unnecessary interest of seven per cent. Out of a bonded debt of one hundred and forty-two million dollars, as reported by the Commis- sioners of Accounts up to January 1 of the present year, only about five millions bear five per cent interest, while for over sixty-six millions we pay six per cent and for seventy millions seven per cent interest. All the five per cent bonds were issued before Mr. Green was at the head of the Finance Department. That eminent financier has never marketed a dollar of per- manent debt at five per cent, but bas renewed or taken up old water stock bonds bearing five percent interest by issuing new bonds bearing six and seven per cent. In May, 1874, when money was easy and eagerly seek- ing investment, Mr. Green marketed nearly four millions of bonds, authorized to be issued to meet the State Sinking Fund deficiency, at seven per cent interest. ‘To what moneyed champions of the Comptroller these bonds were marketed at this favorable rate of inter- est is o secret known only in the Finance Department. While Mr. Green has thus been dealing out the city stocks and bonds freely at the liberal interest of seven per cent the banking institu- tions, some of which have shrewdly taken the bonds, have informed the City Chamberlain that they cannot afford to pay as high as four per cent on the city deposits! With such financiering ability as this at the head of our financial affairs it is not to be wondered at that real estate is crushed under an unbear- able load of taxation, while there is no money in the treasury to do the necessary work of | the city government. A business that pays seven per cent for the uso of money and re- ceives three per cent for all it lends on deposit cannot long keep out of bankruptcy. The laws in regard to the expenditure of money are certainly too lax, mainly through the lobby efforts of the Finance Department. But no laws, however ccnservative, could effectually protect a city resting under such incompetent financial management. PERSONAL INTELLIGENCE. Rev. Dr. D. F, Warren, of Cnicago, 1s residing temporarily at the Gilsey House. All the sbort policemen are senteto Harlem now, and peopie up there cali them Disbecker’s dumps. Mr. Benson J. Lossing, of Dover Plains, N. Y. arrived in this city yesterday aoa is at tae Cole- | man House. Mr. Aibert Keep, President of the Chicago and Northwestern Rallway Company, is cojourning at the Windsor Hotel. Genetai Aibert J. Myer, Chief of the Signal Ser- vice, United States Army, arrived last evening at the Fifth Avenue Hotel. Judge Joseph Potter, of the New York Supreme Court for the Fourth Judicial district, 1s regis- tered at the Metropolitan Hotel, Mr. J. H. Ketcham, Commissioner of the Dis- trict of Columbia, and Judge Arthur MacArthur, Of the Supreme Court of the District of Columbia, ; have apartments at the Firth Avenue Hotel. If little Pomeroy should yet break jail the oniy chance for any Justice in the case will be in the possibility that fils rst operation may be on one Of the philanthropists who have prevented his ex- ecution. Constantinople is threatened with the calamity of a complete exhanstion of tts supply of arink- img water, and in all the religions they are pray- ing for rain, except in the religion of Islam, tn Which it 1s believed that God knows best, aud hag no need of advice, Hussein Pacha, son-in-law of the Khédive, lately visited the arsenal as Vienna. 1t 18 @ sort of his- torical museum, rich in trophies won from the Turks by the Austria of other times, and the sight | of these evidences of victory over his nation uid not improve the visitur’s temper; but when at last ne came to the head of the famous Grand Vizier, Kara Mustapha, there preserved, his wrath exploded and he left the establishment in high dudgeon. Unser Fritz is making speeches, The secona centenary of the victory of Fenrbellin, woa by the Kiector Frederick Willlam over the Swedes, was celebrased in that town June 18, 1875, by laying the foundation stone of a monument to the great Elector. The Crown Prince, who performed the ceremony, made a speech, stating that the monu- ment was destined to testify to posterity the sen- timents which always bound the Honenzollerna to their people, and to recail the time when the State Was small and hardly known. “By trusting in God,” the Prince concluded, “we have sus- ceeded in always doing our duty for the wider fatherland; and to-day we havo arrived a: the pins in which we hold the destinies of Germany with a firm hand for the welfare ana prosperity of the whole fatheriand.” At tne banquet which followed in the royal tent the Crown Prince pro. posed “Tae heaith of the Emperor,” and again dwelt upon the small beginnings and the preseng might of the House of Hohenzoilern, adding, “This must never make us vaingiorions, and wo muse always remember that we lave to be grate to 4 God, Who had Madd wy.’ —_—