The New York Herald Newspaper, September 26, 1875, Page 10

10 NEW YORK HERALD STREET. BROADWAY AND ANN JAMES GORDON BENNETT, PROPRIETOR. NOTICE TO SUBSCRIBERS.—On and after January 1, 1875, the daily and weekly editions of the New York Heraxp will be sent free of postage. All business or news letters and telegraphic despatches must be addressed New Youre Anau. Letters and packages should be property sealed, Rejected communications will not be re- | turned. pe cites BF a LONDON OFFICE OF THE NEW YORK | HERALD—NO. 46 FLEET STREET. PARIS OFFICE—AVENUE DE L'OPERA. | Subscriptions and advertisements will be | received and forwarded on the same terms as in New Yark. ROW, ee FIFTH A 2 THEATRE, | Twenty eizhth s near Broadway.—OUR BOYS, at 8 P.M. ; closes at 10:30 P.M. COLONEL LA PARK THEATRE, Brooklyn.—VARIETY, at M ; clodes at 10:49 P.M. THEATRE COMIQUE, No. 514 Broadway.—V ARIETY, at 3 P.M; dlases at 10-45 PM WOOD'S MUSEUM, Broadway, corner of Thirtieth street THE ARKANSAS ELLER, ut 4 P_M.s closes at LOx4o FM. Matinee METROPOLITAN THEATRE, Nos. 585 and SST Broadway.—VARIETY, at 5 P.M. LYCEUM THEATRE, t Fourteenth street and Eighth avenue.—#renh Opera | Boule SPECIAL OPERA BOUFFE NIGHT, acs P. Me PARISIA! : ETIES, Sixteenth street and Broadway.—V. RIETY, at 6 P.M SAN FRAN New Opera House, Broadw ats PM ninth street, UTE, AMERICAN IN E. Day and evening, ‘Phird avenue and Sixty-third str poOOTH Twenty-third street and SCUD, at 3 P.M. THEATRE, Sixth avenue—4HE PLYING Mr. George Beluore, z OLYMPIC R fo, ont Broadway.—VARIETY, at 5 V. M.¢ closes at 10:45 PARK TH Broadway and Twenty-sovond KR, ag S PM. Mr. and Mrs, GILMORE’S SUMMER GARDEN, Jate Barnum s Hippodrome.—GRAND POPULAR CON- CERT, at 8 P.M, ; closes at 11 METROPOLITAN MUSEUM OF ART, o,}28 West Fourteenth street.—Upen from 10 A. M. to S TIVOLE TH Eighth street, near Third avenue. QUINTUPL SHEET. 26, 1875, E NEW YORK, SUNDAY, SEPTEMBER From our reports this morning the probabilities are that the weather to-day will be cooler and | partly, cloudy with light local rains. | Tue Fast Mart Trarys.—Newsdeaters and | the public throughout the States of New York, | New Jersey and Pennsylvania, as well as in the West, North and Southwest, along the lines of | the Hudson River, New York Central and Penn- | sylvania Central Raitroads and their connections, | will be supplied with Tur Herarn, free of post- | age, by sending their orders direct to this office. Wat Srreer Yesterpay.—The value of a paper dollar yesterday was only 85 cents and a fraction. Gold closed at 116 1-2 after open- ing at 116 3-4. Money was easy at 1 1-2 and 2 per cent, and stocks were generally steady. | Tue Hanpicar Piczon Saoorrsa Marcu at Babylon, L. L., yesterday, was not com- pleted, owing to the large number of entries. | ‘The scores of the first seventeen rounds are | elsewhere given. Tue Cantists have fallen back from the | lines they occupied a short time ago and | the Madrid government has reconquered a | large portion of the territory of Spain. The latest retrograde movement is the abandon- | ment of the bombardment of the town of | Guetaria. | ‘Tue Henzecovrnians in Austria are not to be satisfied with a peace that would only | perpetuate their wrongs. But, although they | have rejected the mediation of the Powers | and have demanded the independence of | their government, who will listen to fugitives ? ‘To no people more than to them can Byron's | doctrine be property applied—‘‘Who would | be free themselves must strike the blow.” ® ‘Tue Spurxcrrerp Accrpent.—dn his ser- mon atthe funeral of Mr. Sykes, the un- | fortunate man who was killed by the caving | of a well at West Springfield the other day, | the Rev. Mr. Pomeroy made some sugges- tions as to the propriety of regulating the | methods of well sinking by legislative ac- tion which deserve thoughtful considera- | tion, The apology the reverend gentleman | made for the blunders in this special case | and have a house on every city lot, the work | NEW YORK HERALD, SUNDAY, SEPTEMBER 26, 1875—QUINTUPLE SHEET. “The Noiseless Panic in Real Estate.’ We print elsewhere an important article on recent movements in real estate. The writer takes, perhaps, a gloomier view of the situation than a broader consideration will justify. When, some time ago, the Hrr- ALD gave a picture of the real estate market, showing a depreciation in values of about thirty-three per cent, certain newspapers, instigated, most likely, by real estate specu- lators, overburdened with wild investments, sought to show that it was an attempt to “bear” the market, bring on a panic and excite alarm in the minds of holders of this property. On the contrary, our effort was to exhibit the true condition of affairs, which would tend to prevent a panic. It would have been gratifying to the speculators if the market could have been kept at its false standard until those who were holding large blocks of real estate on margin were enabled to sell them at the old rate. In atime of general stringency and de- pression, with our finances drifting steadily, whether we legislate in that direction or not, toward specie payments, with the country recovering from the false values of the war times, real estate could not well bean excep- tion to the general rule. There is no reason for a panic in real estate or for any anxiety as to its future in New York, As soon as a specie basis is reached real estate will find its level. Its true level will be found when gold is again currency. Persons who have bought as a permanent investment will not lose even- tually. We question if they will even lose now. New York is a small island, limited in extent, cireumseribed by river and bay. Every foot upon it will ultimately be built. People will buy property on New York island in preference to New Jersey or Brooklyn, Attractive as these across- the-viver suburbs are, and prosperous as they have been in the last few years, their attraction is always lessened by fear of the ice in the rivers during the winter and storms during the summer. Somehow the water gives Brooklyn and New Jersey a foreign relation to New York, and until, by | enterprise and science, we have a tunnel under the Hudson River and steam com- munication over a suspension bridge | across the East River this feeling will | continue. Westchester county will sympa- thize with the preference which we naturally give to New York. In time every acre in that beantiful and noble county will also be inhab- ited. People will much prefer to go into Westchester by rapid transit than to cross the rivers by the ferryboats. The immediate future of real estate in New York lies in New York Island. Here it will lie for the next generation. It will take a generation, and perhaps two, to thoroughly build up the island. As soon as the first | work of building is finished our irrepresst- ble business men begin to teardown and build over again. Thus the lower part of the island, which has been more or less in- habited for two hundred years, has, during the last ten years, undergone complete trans- formation. The traveller who comes up the Bay after a long sojourn abroad will find the old familiar island, “with its towering Trinity spire, gone, and a new city in its place—a city of towers | and towering edifices and strange land- marks. Consequently, even if we should build the island from the Battery to Harlem of rebuilding would go on as steadily as itis now. With the changes of business | centres, the moving of the currents of com- merce and trade from Bleecker street to Union square and from Union square to Madison square, and so on further up, along Sixth avenue and Eighth and Third and Second avennes, the tide will con- | tinue to flow as steadily in the future as at present, and bring with it the second change { and activity in the real estate market. What real estate has to dread more than anything else is the paralytic condition that has fallen upon our city government. It-! was bad enough when we had thieves in the treasury, and when out of every miilion of dollars appropriated for city improvements at least a half million was stolen by Tweed and his confederates. It is much worse now. Highway robbery has been succeeded by starvation and inanition. Green, with his “reform,” has piled up more debt and done less with the city’s money than his predecessor with his rapacity and | crime. We suffer from his incessant en- deavors to defeat all measures looking to the improvement of property. He stands in the way whenever anything in the shape ot im- provement is proposed. He is obstinate to a fault. Taxation is increasing from year to year without any regard to the real value of prop- erty, and, notwithstanding the increase in taxes, there is also an increase in our bonded debt. Under this system of reform we go on spending more money, raising more money and issuing more and more bonds. Under the pretence of reform | we have abuses as flagrant and numer- ous as during the worst days of the Tam- many reign. A minor instance of this is shown where in the condemnation of property to assessments. Here is a job under the very will hardly be as satisfactory ‘to the public, Tae Aw AN LivtemeN have won new | lnurels, the Amateur Rifle Clnb having yes- | terday beaten at Creedmoor the best shots of | Canada. score, as elsewhere given, will show that the Americans were victorions at the 800 and 900 yard ranges, but were de- | feated at the 1,000 yard range. This advan- | tage, however, of the Canadians was not | bufficient to compensate for their previons | losses, and they lost the match by twenty- five points. It was a gallant contest, and | our visitors will no doubt “pick their flints” | ond try conclusions with their friendly an- | tagonists again. Tux Powrrican Srrvatios.—Both of the great parties are now reuly for the battle ~vhich will decide the political future of New York, and the other party, the liberals, is | perched upon the fence where it can view the contest from a position of safety. This wituation reminds one of the way the Romans nsed to survey the gladiatorial displays in ihe Coliseum, excepting that in our warlike strife the gladiators vastly outnumber the spectators. Asan index to the canvass we publish to-day a thorough review of the po- litical field, from which both parties may derive information and the liberal spectators | who are favored by the Comptroller. The | notices concerning the sale and condemna- innocent and disinterested entertainment, yes of the Comptroller which recalls the days when Garvey and Ingersoll were mas- ters of the treasury. Property owned by men of high respectability and large fortune is condemned for assessment. The only record is two or three lines in a paper called the City Record, which nobody sees, and which is as much a job as the old Tweed Transcript. This Record is owned by a ring. Property owners are not madé aware of what is done with their property until it is brought to the hammer and sold out to speculators tion of real estate property should be pub- lished in the morning journals, where every one may read them. The fact that Mr. Green tolerates an abuse of this kind is an evidence of the sincerity of his reform protest. In addition to this we have his con- stant interference with the needed city im- provements. Here is New York to-day, the most slovenly, the most wretched and the most | unsightly city in the world. Ouravennes are offensive to the eye and the health and dan- gerous to public safety. Experiment after experiment has been tried in street paving, and the result isan unhealthy and noisome | combination of wood and stone and chemi- | enormous amount of advertising, which is in improve this. When better than now, with labor so cheap and our people seeking em- ployment? Aid of this kind to the laboring classes, with winter coming on, would be @ general benefit tothe community. More than all, money spent on good drives and the opening of avenues is the best investment. It comes back to the city, in part, at least, in the value of property thus improved. The real estate market will gtow with the growth of New York. ‘The noiseless panic” will pass away with the improvement of business and the coming down to a specie basis which is inevitable. The prosperity of the city will increase with every stride of the country. All we want is economy in our government, wisdom in the administration, a policy manly, far- seeing and courageous, looking toward the glory and the grandeur of the metropolis. The best evidence of the true value of real estate, which is, after all, the surest property in a city like New York, is that in a time of general chaos anf tumbling of values and depression of business and mismanagement in city affairs—robbery under Tweed or imbecility under Green—that it should have suffered so little. The probability is that no interest during the last five years has felt the general depreciation less than real estate. What is called ‘a noiseless panic” is there- fore not anything seriously affecting its value, but a general tendency toward reform. The Herald and the vival. Business Re- A great newspaper is necessarily nearer to the general business of the country than any other agent can be. Journalism is the one business which represents and includes all others, The leading trades and manufac- tures of a nation influence each other, itis true, yet they are to a large extent independent of each other. They move in distinct and sepa- rate paths and no one of them can sum up the prosperity and the purposes of the others. But as anciently all roads led to Rome, so all business roads now lead to the newspaper as the common centre of their conflicting or co- operative interests. It is impossible to point out one great commercial pursuit which does not seek and find its ultimate exponent in | the press. Thus a great newspaper becomes an infallible measure of the condition of the | business of the community in which it is published ; the thermometer does not more accurately record the variations of tempera- ture, than it marks the changes in trade, The Heratp to-day stands forth as an absolute proof of the revival of business in the United States for the fall season of 1875. The new life which inspires the business | world expands our pages, as the trafle winds | fill the sails of a ship. The Heratp has never failed as an indication of returning prosperity, and the sixty-five columns | of advertisements we print to-day, repre- senting so many“lepartments of business, are conclusive evidence that the long de- pression of the dull season is ended. This itself news of the utmost importance to the seller and buyer, is not permitted to exclude | those other classes of news which it is the special duty of a great newspaper to supply | to its readers. The Heraup, therefore, is issued asa quintuple sheet, with fifty-five | columns of reading matter additional to its | eleven pages of advertisements, and it is not as a boast, but as a simple fact, that we say that in extent, variety, and as a complete microcosm of the busy moving world, it has certainly no rival in journalism. Pulpit Topics To-Day. The spirit and inspiration of revival seem to have fallen upon our pastors, for here they are, a month ahead of their usnal time, | either holding revival meetings themselves, or, like Dr. Talmage, waiting for Moody and { Sankey with a continuous revival in his Tabernacle for two years past. But, as no man is expected to go to warat his own charges, Mr. Leavell will inquire something | about the campaign expenses, and Mr. Lloyd will protest against limiting God or despising the echoes that come to us from Calvary. The general subject of revivals will be treated by Mr. Kennard, while Mr. MacArthur will select three indispensable prerequisites to efficient church work from the many that exist, and will press the same home on the attention of his people. Mr. Saunders will take the two extremes of a religious life—the first step toward heaven and the Christian's | reward—and show their bearing one upon the other. It is certain that there can be no ‘reward, present or prospective, while the first step remains untrod. And first things are about as importantas last. And nearly akin to this is Mr. Taylor's final glory of God's children. Some of them have not much glory here, and some don’t deserve much ; but those who endure the cross here are promised the crown hereafter. Christ's transfiguration—a theme full of spir- itual instruction—will be considered | by Mr. Ganse, and His compassion for the weak will be illustrated by Mr. Hawthorne, whilé Mr. Van Buskirk will demonstrate that the Christhood of | Jesus is the foundation of the Church and the creed of its religion. Mr. Snow will open the Valley of Achor as a door of hope for Zion, and lead the way for believers to enter into its rest, and Mr. McCarthy will examine the head of the ministry of repentance and call Adam forth from his hiding place of sin and shame. The destruction of the earth by fire— a theme now left almost exclusively to Sec- | ond Adventists and scientists—will receive the attention of Mr. Lightbourn, while Colonel Olcott will lecture on spirit materiatization. We can show him any number of material- ized spirits every day, but he canootshow us one immateriatized. Tue Premtstonio Rows or Amentca.— Many reasons exist for supposing that the Western Continent, as an abode for animal life, is older than the Eastern, so that the New World is a geological misnomer. How- ever this may be, the proofs are constantly increasing that America was ages ogo the seat of a civilization which has now perished from the earth. Long before the Indians came the West was the home of races which cultivated the arts and left vestiges of their superiority in their architecture, The Hay- | den Survey has been fortunate in exploring the caverns and ruins in Arizona, and the latest discoveries are described to-day in an cals, all rotting Sooner or later we must entertaining letters from our correspondent with the expedition. The Autumn Races. The season which is now coming to an end has been exceedingly brilliant in many re- spects, especially in the interest which has been taken in outdoor sports. As we have had occasion to show at different times during the midsummer, the columns of the Henanp bore frequent witness to the fact that notwithstanding the oppressiveness of the season our people found great comfort in yachting and excursions and shooting at targets and playing at various games and attending horse races. Some days these sporting narratives were almost burdensome in their detail and variety. The meetings at the various race tracks, beginning with the Jerome Park spring meeting, continued at Long Branch and Saratoga, and including the successful introduction of hurdle races into conservative, time-honored old New- port, have been unusually successful. The Jerome Park fall meeting is announced for next week, and all the reports show that it will exceed in brilliancy anything that has been done at Newport or Saratoga or Long Branch. We sometimes think that the au- tumn at our races will become more attractive to the general public than the spring, and that it is a mistake for those who manage our courses to run their chief races in the spring, in imitation of the French and English Derby days. Our month of October is the finest in the year. A brisk, rattling drive to Jerome Park in October is much more to be envied than a drive on a warm, wearisome spring day. As we come to adapt ourselves to our climate and to arrange our amusements ac- cordingly we shall do more and more honor to October. The autumn meeting at Jerome Park, which opens on Saturday next, will be rich in attractions, not only to those who enjoy the beautiful scenery of Westchester, but to those who rejoice in the development of the turf and in these contests of skill, which, whatever we may say of them in our moral- izing moods, have always excited a generous human interest. There are about seventy- five horses already at the track, and the number is increasing daily. On Saturday, the first day of the meeting, there will bo five races, On Tuesday there will be a handicap steeplechase, and on Thursday, October 7, there will be a grand national handicap, with the National Sweepstakes, with the Champion Stakes on Saturday, the 9th. The horge to-day is as much the object of | admiration “and study as it was when Job wrote about him in strains of the highest | poetry. Whatever abuses may have crept into the turf they are no more than what-we see in other amusements and occupations, _and do not detract from the great value of that institution as a means of improving our breed of horses and of inspiring our young | men with a love of out-door manly exercises. It encourages a humane feeling to bring our- selves into close relation with animals like the horse, to take a pride in their achieve. ments, to encourage the development o their strength and their beauty. There is no more honest enjoyment than that which can be found in standing on the green hillside and watching the swerving line of straining steeds as it comes whirling around the bending track. We congratulate the man- i agers of Jerome Park upon the programme they offer. é Cannon and Ships. It is a peculiarity of the age that none | of the Powers in the world that may fairly be considered rival Powers are at peace, although there is no war. They are not face to face on tented fields, neither do their embattled fleets ‘sweep through the deep while the raging cannons roar ;” but they are waging tremendous conflicts in their respective machine shops, in the navy yards and the gun foundries. It is a bloodless war, certainly, and a war that exercises the | national industries and the arts of peace; _ but the burden upon the people who have to pay for it all in taxes will perhaps even- tually convince several nations that moder- ately long open wars are better than this | constant conflict. In this struggle of the machine shop the victory goes from one side to another, and again is— Lake the swan's down feathor, That stands upon the full swell of the tide And neither Way inclines, First they built simple armor-plated ships, and all the old guns suddenly became as useless as so many Quakers. Then guns were cast that would send shot through the iron-piated ships as easily as through sardine boxes, and the fleets lately triumphant were for war purposes worthless lumber. Then there was another turn at ships with heavier armor, and again another turn at guns with greater power; and so from side to side the conflict has gone on for over fifteen years, and all that is finally determined is this—if there is capacity anywhere to contrive for ships a less vulnerable armor than has been known before there is capacity somewhere else to construct a gun that will pigrce that armor. Exactly where is all thisto stop, and is there any limit in this vast warlike rivalry of unproductive art and industry that ab- sorbs already a large share of every national income? For some time it has been thought that the great English iron-clads like the | Devastation were in this direction the last word of naval architecture ; but Herr Krupp has made some guns that in ten shots wrecked the targets made like sections of the Devastation’s armor, and some others that pierce an iron plating cight inches thitker than her armor; and by the new system of simultaneous discharges by means of elec- tricity it becomes as easy to deliver the ten shots within a given radius as to deliver one shot. England must, therefore, yield this great fight of the foundries or try again—and she will probably try again. There is probably a point beyond which it is im- possible to go in the weight of armor which any ship can be made to float ; but, as far as harbor defence goes, there is no fimit to the weight of cannon that the earth will sustain, There is here, therefore, a point in favor of | the land batteries, for the only limit is in the dimensions of a cannon that humanity can handle, and they may increase the guns in this respect till the artillerists shall seem like ants besidethem, All this may eventually pro- duce in nations wars like those legal processes that are called “snap judgments.” There will be snap wars. The Franco-German war of 1870 waa, in fact, a snap war, For years the two nations ware arming acainat ong another. seems an inevitable fact of the future. Tt was evident that war must come some day. In 1870 Bismarck saw that Germany was ready and France was not, and he seized the first pretext that came to precipitate the struggle in that favorable juncture. This idea will become a policy. As soon as a na- tion in which a new cannon has been made discovers that this cannon will destroy its enemy’s ships it will not give that enemy a chance to build new ships, but will seize some pretext to force immediately the war that Na- tions will perhaps come eventually, as a re- sult of this, to spend more money in diplomacy and less in cannon, and there may be fewer wars. Our Paris Office. The Paris office of the New York Henarp has been removed from Rue Scribe to Avenue de VOpera. Those who are familiar with the magnificent city will recall this site as among the most convenient in the French metropolis. It is within sight of the new Opera House, the Column Venddme, but a few moments’ walk from the famous Boule- vards, in easy reach of the Gardens of the Tuileries and the Galleries of the Louvre, the Madeleine, the Champs Elysées and the Place Concorde. Here we have opened for the convenience of Ameri- cans resident in Paris and travelling abroad areading room containing the most complete collection of American journals and periodi- cals that has been formed by private enter- prise. Every locality of any importance will be represented by its leading newspaper. Our object is to place within the reach of Americans from every part of the Union their home journals. Our office is spacious, well-lighted and easily accessible. Paris isso much of an American city, and is becoming, from year to year, so much more an object of re- sort for Americans, that in the establishment of this reading room in connection with our Paris office we feel we are doing the people a service, We have further to say that we shall be happy to put on file in our reading room copies of newspapers that proprietors may send to us. Itis only necessary to direct their journals to the Paris office of the New York Henatp, No. 61 Avenue de 1'Opera, Paris, and pay the postage. The following is a list of papers already on file at our Paris | office :— Daily Heras, Daily Tribune Daily World Daily Sun Daily Witness. Daily Express, Daily Mail. Daily Telegram Daily Staats Zeitung Daily Courrier des Daily Couri Daily Time Daily Eagle. Daily Examiner. Daily Bulleti Daily Dispate! Daily Press . Daily Evening § Daily Telegraph Daily Times ... Daily Times aud Philadelphia. Reading. TTS, Daily Transcript. Boston, Daily Republica Daily Evening Gazette Daily Journal...... Daily Courant, Daily Evening News... Daily Evening News. Daily Post and Mail. Daily Giobe and Democrat Daily Press. Daily Enquirer Daily Times. .....4+.+6 Daily Christian and Advocat aL Daily Rocord-Cnion, iuily Chronicle Daily Balietin. Daily Morning Cali: ‘San Francisco, —______& How Property Owners Are Swindled. We print elsewhere a narrative of a new swindle which has grown up in our city gov- ernment. We have a class of speculators in New York who are called “tax sale “‘scalp- ers.” Their operations are elsewhere de- scribed. Every year sales of lands and tenements whose owners are in arrears for | taxes or assessments are made in a ‘dingy room under the Comptroller's office.” times these sales embrace property to the value of a million and a quarter to a million and a half of dollars, which changes hands because of the neglect of the owners to pay their taxes and spgcial assess- ments or of their ignorance of such assess- ment until they learn that their property has been sold in default. By a special law the Department of Finance is empowered to charge twelve per cent interest upon all sums unpaid up tothe time of sale. These sales are advertised ina ring sheet called the City Record, at a cost of five dollars extra for advertising each piece. redeem his property within two years. The practical effect is that the purchaser. at these tax sales, even if he is called upon to restore his purchase, receives from the use of his money fourteen per cent per annum. Consequently, by the operation of the law, by the connivance of the Comptroller, by the existence of a ring newspaper, which nobody reads, the city is in the position of | imposing usurious rates upon its property owners. Now, if the property which goes into default was honestly sold, if the public were called upon through the general news- paper press to take part in these sales, it would be much better for the city and for the owners. The next sale, for instance, will take place on the 5th of October. There are three thousand eight hundred and ninety-one parcels advertised for sale on that day, and among the owners of these parcels are men like William B. Astor, rich corporations like St. Patrick's Cathe- dral, the Hudson River Railroad Com- pany, the Continental Bank and the Erio Railway Company. This goes to show that the whole business is a fraud, because these corporations and these owners would not for a moment allow their property to be taken out of their hands in a “dingy room under the Comptroller's office.” The fact is that by using this ring sheet to conceal the operations of law thousands have no knowl- ede of the fact that ‘asseasments’ ara masa Some- | The owner has the right to | upon their property until after the sale, and many not until the two years expire when they are notified by the “buyer” to re- deem it. In addition to this there are abuses in the Comptroller's office arising out of this questionable and shameless business. Real estate men charge that attachés act in the interest of owners by getting a sale set aside and charging for this service excessive sums. Although the officers under Mr. Green deny all knowledge of any such irregu- larities, the evidence that they exist cannot be questioned, Ovr TéXes.—A singular illustration of reform in our city government, as con- ducted- by that model reformer Comp- troller Green, is shown in the fact that while the valuation of real estate haa increased this year by over two millions, as compared with the previous year, the rate of taxation has been advanced from two dol- lars and eighty cents to two dollars and nine- ty-four cents, Although the assessed value has steadily increased in real estate since 1871 it has fallen off in real and personal, property. Consequently we have been com- pelled to increase our taxes upon un- improved and unproductive property be- cause of the shrinkage. The reason for this increase in the tax rate and the falling off in personal property is that investors who had heavy amounts in taxable securities have withdrawn them and placed them in non-taxable securities. This suggests to us the propriety of a revision of the whole sys- tem of taxation, The time will come when we shall have to decide whether, in the interest of honest government, any owners of property should be exempt from the duty of supporting the government. Tue Arenenserc Conrenence.—Impor- tant news is furnished by our Paris corre spondent relative to the new policy decided upon by the Council of Bonapartists just held at Arenenberg. The abdication of the Re- gency by the Empress Eugénie is the most significant event that has lately occurred in the imperial family. The Empress for many years wielded a vast influence in politics, and it was through her intense Catholicism that the Empire was brought so near ta Rome. Her abdication may not mean that her policy is to be ebandoned, yt that it in thought fit to present the Prince Imperial to the world as his own master. This, of course, isan impossibility. The boy King of Spain and the boy Emperor of France ara equally unfit to rule without a director. M. Rouher isto be the power behind the throne, and when all his dreams are realized the Empire will be restored with its old des- potic forms and the constitution of 1852. The Bonapartists apparently intend to take bold, aggressive steps when the Assembly meets again. Tae Fart River Srame.—Our Fall River despatches do not indicate the speedy end of the strike in Massachusetts. The opera- tives are dissatisfied with the proposed terms of compromise, and will resist them at the meeting to-morrow. PERSONAL INTELLIGENCE. Rev. J. B. Good, of British Columbia, is staying at the Everett House. Baron Von Sehitizer, German Minister at Washington, has apartments at the Brevoort House. Rey. Thomas Greenbury, F. A. 8., of Leeds, Eng- land, has arrived at the Fifth Avenue Hotel. Captain James Kennedy, of the steamship City & Berlin, is quartered at the New York Hotel, Adjutant General James A. Cunningham, of Massa chusetts, is registered at the St. Nicholas Hotel, Mr. R. Montgomery Field, manager of the Boston Museum, is residing at the Westminster Hotel, Major W. J, Twining, of the Engineer Corps, Unitea States Army, is stopping at the Glenbam Hotel. Mr. Thomas Settle, of North Carolina, who was chair: man of the National Convention that renominated President Grant is sojourning at the Fifth Avenue Hotel. . Trichinosis is troublesome in Dresden, and tho au. thorities have warned people against the uso of half cooked pork. Eminent engineers in France are working assiduously at the problem of constructing a bridge between France and England. Mr, Charles Bradlaugh arrived from England yester: day in the steamship City of Berlin, and is at the Fifth Avenue Hotel. Mr. John McCullough, the actor, arrived from Eng. land in the steamship Adriatic yesterday, and is at thé Sturtevant House. ¥ The Princess Louise Marguerite, third daughter ov | Prince Frederic Charles, the Prussian, is also proposed for the bride of King Alfonso. There are only 46,000 Jews in France, but their im- portance there in art, politics, commerce and finance ia out of all proportion to their number. Congressman Joseph G. Cannon, of Mlinois, and ex. Congressman D, C. Giddings, of Texas, have just re. | turned from a trip to Europe, and are at the Metropoli- tan Hotel. Mr, Sharon has tendered to Mrs. Ratston a suit of | seven rooms in the Palace Hotel, with private servants, | a private coach and coachman, 80 long as sho may sea Git Co use them. If there are to be inflatiqn candidates and hard money candidates they fancy out West that a good ticket would be U, 5, Grant for Prosident and 8. J. Tilden for Vice President. : The Irishmen in Boston have given Wendell Phillips a useful present—a book with a great deal of informa. tion in it, Now, then, what are they going to give to Ben Butler for bestowing upon them the honor of hia kinship? H. Coates & Co., of Philadelphia, will shortly publish a first volume of the English translation of the Count de Paris’ history of our civil war, The translation ts made by L. F. Tasisho and the work will be edited by Henry Coppee, LL. D. Charley Walker, of Chemung, a life-long democrat, said to another on the adjournment of the Democratic | Convention, ‘Let us congratulate one another; we havo | gota majority on our ticket; there are four democrats to three republicans, "* Rossi, the Italian tragedian, arrived m Paris yoster- day en route for America, Before his departure he will give a performance of “Hamlet” at the Grand Opera House for the benefit of the sufferers by the in- undations in the south of France. Hydrophovia communicated by ® pasteboard dog is the latest medical novelty, Two months ago a mad dog was killed in a house after having bitten at nearly everything in the room. One of the things in which he buried his teoth was a little boy’s toy dog made of pasteboard, Subsequently a man used this pastoboard dog to stop the blood from a cut in his hand, and so the virus went into his wound and he died. ‘They gay that these are tho reasons Prince Gorts- chakoff gave to Princess Lieven why he could not see Gambetta:—‘'This sometime dictator wishes, 1 sup- pose, to talk with mo about European politics, and par- ticularly about Herzegovina; a delicate subject if there is ono, and one that above all calls for a precise knowl. edge of the country and its geography. Now geography is M. Gambetta’s weak point, Vive years ago his geo- graphical ignorance was ludicrous. He did not know there wore two Eperaays in the neighborhood of Paris; and it is scarcely possible that in the meantime he has satisfactorily studied the geography of Herzegovina. Refore we could discuss the subjeot, therefore, 1 would be compelled to give him acourse ta geography, and for that I have neither talent nor teate U 1a batter, thevarors at to soe hina,’