srKCIE PAYMENTS.
.SKNATOR 8III._-MA.rs VIEWS.
I MITION RKQUIRFD BT ri'M-H' FAITH AND
I'I Bl I< rOUCT?THB Pl.-m-H.TI_f. IN THF.
WAT?HOW TO OTBaOOMB THKM-THK VAI.I
Ot | H..VS |'KUIM-M?- UB _____ AT A
IHB DATK THK MOST BJ-l-BMBMT OSK?
rtn pibbbcm oommittek's riu,
K.R1IBBA- l*BB-? Pl. FAT-l*. '
\\ i-ihm;ton, Jao. 16.?Mr. Sh-nu...., to
rtar, ealled np Mr. Buckln*.hain'a MU for a returii to
?peeie pavmenta. and addre%*ed the Benate in favor of
IflflflMption. He showed. by referenee to the hlstot.v <>f
v ir BflflflflBB BflBBBBBfi th?t the public taitb wa. pflBdffld
t . roatime apajcie paymont, und ar_:ued thal IM BBM
far reeum.?t-<>n had aluioat come. 1'a.aiui: tben to tbe
queation of policy, be aald :
KMH BVflflB DKMANDI II TiX Hni.t. I.lf.
I have j.roai-ntcd the arif.inie.it of publlo faitb m tbe
fi>re?round. for it la tbe flrat to b . on-l ?? red: but apecic
payiueal ia not ouly flflfl.flfl.flB Bf I Bl flflftBfl BMth, but it
ia uow ,1. in oi b .1 bf pub'.n policy. or. to uae a narrower
phflflflfl, it II *.**> political flflflflflflflf. ? BBBfltaBflB hMefl
tahliah-l th.it everr nation ualnc B flaflfBBlBlad cur
.a in - -.chanr* with a nation havinjr a l? I. <
i If webny abroad. tg?U* m the stundard of
md the ost of the arti.U. too. is at BBM in
ereaaed by M BflflBMaa of the SBflflBImaatt* fli flflfl -BeBflf
an.l a perventafle for fllflflBBflJB aud hfl- What
?_d ls also meaanred hy the
atandard and the lois by ex. hatii. \ whether we buy or
B.-1I, B paM. bf us. Thi- Mta le more aerere when appllcd
tOflon' ;.iid iu tbe future, nnd <-j* ilally to
Other bond. pay able nfter a period >
Whmm '?>f.<l? must be paid ln trold, whether the >.<>ld ta
.:ed for "r not, und yet tbe price pBM fnr tbem i?
wmally ln eurrencv. We pay in gold and reccivo m cur
a.xt thi. at the ontaet aubmits ua to a loea of the
etittre il'i'i-'lation of our <nr:<txy. The intereat paid
onthiT di-.ii mt of our bonds would iu mauy caaoe, if
applml ? * fl s.tiklo* fund, pay off the whole of tbe prln
! _a, nu s I ii it i? <l'i)Ta>eiat?n of the
i.y alwaya talartoaal** Bfl _ t- a lommuiiitv in
wbl. h it exisfa waa ehown hy the BBBflflBflMfl
?s before the War of Itidependence.
i of deprtelated money w.is uaed. The
.alue of the jM.und and ahlUIni, ln corteM uae waa ouly
i lo par of the valu- <>f lhe . t.md.ird flfltfl fli
t.reat Krltam, uBd tbU dcprectalioti often ineasur.il .i.e
. ? ess.ty of tha aateaj afltag it Withtiie
? M befflM the late war, aud whiiit
. . f.n iy upon the law of the 8Ute authorinnK
? tne B*. tein s; it.s wen ee u rala
theae fltatoi aaBflMd the taaa; aaw la
-. iu whiih a la-tter b.uikiui. eystcin
i:ri!litaiued at tt*
nwwi dpeoBtBflad BMaa-alattoMwere toadt
. tm.TiopMf <'f fhe haiiklUK tmi
? mir people do imt PflflMB to eonalder
... ,,r ii, pn ataflfl i money. it l- tawfal
... umi taalaatfacM talM
11- BBBfltf B
IM ttrtttm aad ...t'sf.Ktory, bnt all
Uer BBBBraB WMBB eiir'n-nry that will
ns the same anm ni
...I measure thfl pro.!tiet.- of all Othet
,_-,?: , ,a-.r own. an.l ls not suii.ixt to the fluc
ma and apeea_?re ehaaaM al bm bb b
? .- i MB ihta to eive a dci'reclated
?. of CexibtlHy. A BBBpeaflteB
BB !'.18 ttll
inejr. The T'liiteil Btflfl
? be National t?ttkb BflflM arenrc
thaa haiaa once paM eat, there Iom
beai.aad thaa, uot <>uiy th.- Uatted
., iu ?f afaaaefllaaa from tha peeata
?iti,. aad witiiout Ihe bui'd.'ii .>f redeflj.pt.on,
gri the baaa iit af a fflreed leaa (rera
? ?toeeat, aad altheatthehar-taBal
It i- true tliat the bauks an- rronir.il t"
,,?_] m of I'uitcl Hi ites ll..
toa ot thear acflei; bat* pra. n.ail.v, wa
: lanMafefld f..r leflflflBfttoa. h ta
. u,. 4 flfft] tB ii* tB nil,'ve
tbem ti ni the l.urden of maintaimm. a tt
? ..- ? . re.|iuie tlieiu to hflBf M I ll
. rel) needed by the bnsiucs. nim
redeiiipti.ui of BflflM that
1 ,'a.r re.l.iti|.|ioti. I'i- Iiii" that a
usary and dUpenaable, unlese for
' tir.tr BfltM If the idea of redenip
. or iidetinitely po.-tponed, then all re
..i4|_nsert with. If the only objeet ta
IflfltBf abundant. without regard to its
i .ith roin. then any reeerve 19 a follv :
national banl.ini. systcm couhl 1"' di?
. .- ia M pflflflaaaeofltf Ina
? | -mle to state a i.ason why tbe
: b aaaal bf fhe Cfatted .atate- ra
; -In.uld Ih> taaaad by a bank.
raBBORfl 15 tue way of B-atrarnaa.
Bl bat pahBc flflattfl Or_M a bauk of isaue
Ihfl BBflBflflfl lnf<-" B "f ''
.,..:. aata ta IBa eearealeal iaat?
?' ii U ;.it;.l. IflflflBMM BBd Kfl*n>
. ' i '!,.? re.b iiiptii.n of its nnte. in rnhi,
.. nt BflMMf te dl.trlbute ita not.??
r.'durinat and tr.tti-portitu:
; ,- ,' , ' M tln- re.btntition flf
laerttabt) toai f<> tha abandon
1- F u tfefl putllc wlll not lon_
flt from l_?nin . BflflM Bfl
ha "f reejeeaatB*. thoaa. Thi? i?
Batleaal I'.atika. Thcv do nof
? ' redeMfllBfl tln I BfltM, but Bflf
: |M 1'i.ited BtBtM are l.iwfnl
* .. 1. aud are bflflB AflpCfletatad .oui
,:,,.raniiot r".!o<in, flXflep* Wlth
.1 ea. Itiathe Cnltcl BtflIM notea that
,.f -__?. ie payments. If. any w:.v. tb. y
tlmei at par with coiu the obli^ationof ft*
th. ir notes lu ooin would be eaadf >n
RipartCfl cxcelh uce of the national
,m_,j( j aaahl ta BflBBflBflBratBi it aaaal ae
..ipoly, hut uudcr the law u-s it uow
r,e tn* to all who ehoo?e to
bMlnaM Tiu- plethen of
time and Ita stHi.jfeiiry at another
il by the r< dcmptiou of uotea when
auiiudant, au.l thoir BaBflaafli IBBM when leqmred by
new BaaflflBda Any uttempt to make a cornei by lock
?^ Ui, . ? , 4 u on< bank would be met by ita laaue
1 i.i- conrapoadin/? prhihifea and biirdeni
wuidd relb ve theu. fioiu pi< nun
j-.,,. ,, of tbeir note8 at par with gold. to
aheaaale Baaaelttaa as now, woald i>e
.._ an equlrah-nt for the privi.e_.e... thev
. I,. all theexiatiDK lawa autboiiziug Cnited
.and i-ank uof.s are baaed npon tho theory of
, aata. Tbe notea were only leaued, Bflfl-*
under a . uspenttlon of flflflata pty
? no merlium of payment ,\ <pt th<
We eou.d not ulilue the pub
.? 111 horrowlug money untii we ba.l
ii.iiuniof payment. For that purpoae we
eradll late a ____ttad amount of lawful
;.toiriaedto pay thla money lu coin. Wh. 11
tti* _m wu- taflflBi, we did not anticlpatc the
D of Bfl ib |.re,iatiou,Hnd eonstatitly kept Itt vlew
,t. flD "ly r*>!< mpttoi). OrdlnartlT. the practiee of a
1 ln furnlahlng money li llmlted to atamplng
uj.oi, verofeertaln weight and fliieneaa ita
ll.re lt*duty eDda. But 111 war time
U.It pro. <?_* of coiuiuK did nut meet the pflhlta necea
?iti - ari I ihe Vinu-d Btatea carrled Ua credit Into
\ , and tbis proceaabaa been upheld by all Depart
rnment Htlll thU money 1? hut a
f>>rui <?f publii debt?a promlae to pay ej-ectfle quautitlea
,f _i.-!d and sllver.
tm. i.Kitn or . p_.ciflraiaEiiTOB_.AUr ixaogbhatkd.
Id the Kaiional Bauklng aet Connreaa aaaumed tbat
ihe United States woald uaintaln Ite paper money at
par wlth coin aa aoon M ita neoeeaitiea would allow. It
j_~.Ti_.rd for an anxlliary etw-ency, alao, M l* at par In
m Kold. and to be laaued by banka. Every pcovialon of
tbat aet couteuiplatea that both L'uited 8U_ea uot.a and
oank bilU abould i>e equal to rold and to each ot^ier.
1 hl- la the reaaou for tbe proTislotu for redemptlon, and
for alaiite reaerve. Tue hankinif act alao antlcipated
1 iit. il Htatea mi_*bt withdraw Ua notea, and
bea tliat bank notea were dLroctly to ?>e redeemed witb
-v BtUl. the h__nk ait prorided for tbe eommon txmtr
._,,. ?i (Hjth kinda of uotea.audexpeneoce abowa thal both
umi i>e ni-Uutaiued incircubition aKhflflflBa to the l nlted
?st_t-M Wbiit no piovtium la made for tbe redemption
of I alted btatea aotea, tbe provUiou for the redemptlot>
of I_a_.k notea la nullitied. Our whole ayatem of cunvney
'_?<_j_____* luconarruoua by our fallura w prov.de for tbe
iwflaflB*t:on of LulMd Butea noiea. If tue publte faltb,
pui.ilai policr. and Ibe _.ilrlt tt our lawa d.mau.1 that
)r*)Uf y tm reatored to tbe apecteatandard, it would
-wm that tae oiilj reuuuniu_ inquiry ahoold lie wbat le
'lalK-atayto rn-iwat but bere wa meet the ohjee
"i of mauy Lruaiueae men, tta aaoat aollre and euter
pi isinfl of our ptjopie, wbo tell ca* tbat apeelepay men ta
w 1 ti. thoiu a. 1.1* lurareiy to tbe burden of our dabta; that
> .x'ii ihe ummit ot U? ?___??fl law and fhe ooudllion ot
flatn.u alwava produoed by depreeiated mewar,
n-ay bara rna-ie conuacU. aontraotea detrM payalM in
curreavy, and that uow to add to the ?ulue or that Mfl*
. >t to embarra-fl, arlpple,and rum Uiem. Rome teil
us tbey are preparcd to meet tbe ireneral approach to
apaele tmyu?uit cauaed ?./tbe tnoreaael huainaaa and
of ihe ..uii'ry, whiieotbeia tell ua tbat tbfl eaun
tryaai en.y, that lu urowth iu ..opulalion,
lu buaitM-aa, aad th* uew entorpHaex ten ler au loetraM
of rurieiK v nnlisiieuaable.. The _tmok ol auy inaaatiue
tlftU Uv i?UA vai vf avlive buaioeaa uon ahou.d ha MM- .
fully atiidled. hitt iBil.vldiutl BardaMf_.M PJUg**
rienl re-B?i, for a vlolatlon ?'?*_? ????JJ
. dlaregarl of lh? Bflfl-**- **?S& fi-,Kd
I.-I* of the whole ooi>? *?*?? A" ."'?, .,, T o aet ..r
full action of tho pobev of the O ?*????' ???? *;' ?.,,,,.
,,',?_..' wholbor ae ft llnuiir.oi <>r man iiainnei, a
..finle or a lal-or... U IflJfltfld; >"<' | ' "' '"'"'
al viioe ol hl** proilm-lTon la .l.n.i..i.iho.l. Mfl
e,8t ofiivina and flSl thti wtera Ma Iha aeM
f"pr^d rlion lfl dimlnished in *he ttiw- *
_. -ee Experi* aee haa ihown thal -leiutx-iHtl'd BBoney li
,,,05t Injunooa to laborlna men; ll paolaaaa ? f?l?
nt la.i.ii'.f of vaiue. the . i. . ! Of Wfelt ll 1- noi DOtlOfld by a
laborlna man, w By .? trn<!? r <>i- -aerohant Rvennpon
, ,t-.'iil al.ht.- itiid credit the oiteet "I a apecie -taialanl
wiii mirely i>?* unpre.iiil.le. for Ihe flomlnal h.,.. mll tie
dlaoounted :u a.lianee, or hfl dm.l.il dllllllfl Hn |raflaBl
apprei aitiiin of pflflflf money.
tm lAii.t.-i <>)? <>'. a aawacTMOfla
The great. r biirden will fail upon debt* ruiiu.n.- for ?
!.*?_ pi i lo.l of time, aa upon .-orpor.it ion honds and
?ortfaflflfl. aVtta tho*-.- Ib axlataaa bafora IbeLecil
Teuderne! tmW efleet. i! lt Mll Mflhl BBBJ'Bfl paid in
lyeole.flfePotfeuaoMMrtr aotfli atara BawafeflflB Baaaltfl
tfee ev.vectnnev of aaeflM payaaeaM before thin time*
Bttll, while Ihe eBJaet fll a apeele aflaadard apealebtla
greatly *w?gi' aanl. u .annot lie flflaied thai if tt i**
follOWfldbj a i-'ititraetioii Of t li-| en-renei, ll wlll OflflM
m ai'id emb-rraaamenl to nr. naarwlM bave
eonlrnited del.l on B < .nteriev haaa. Bfll thia ar
v'uuienl of haril.Hlnp will appli im e.er. It we are 000.
Iiiiii.d Bfll wr ean nev.-i pa) our pein.ioi.ei ??.-, I ile ia|.-e
ol time will not Bflke lt aaMer. Our tlii.inei.il c indttlnn
ii now no mm h Btronner tfeatwoeaa albfd to<i.i i-lKht.
an.l lel in nurh n wav :i? t'i Ifllflre ni tbe l.a-t poetdtrie
degree tboae wbofoontraetad debta ?.i .> i anonoy baai*.
AgalD, tln- elle. t Of a ip.-eie ,-ialulanl in prvdlll 'Uli a eoll
iraetlon of the eurrt-ney ti" greiifn- cvh_ Li-ratod ;
a . oulraetioii of the eurreuey i? uol Bu. caaarily ?
reault ol apecte paynflata, Uoduubtedlj ?* ooa
traitiiin Of tfefl iiilietiev ivould proil.lee ip.-eie pavii'.-nti
lt is Ihe tiia.it du.-cl io-id to speeie pavnieiil-. an.l it the
n |,. r moiiev in e;ii ulHlion ii in exii-iiof the want- nf
tfee .<.mmiiiiit> lt u tfea oalj r.1- Wo, m IflM aud 1h?.7,
.juietii e.iiiir.'irt u tfee currenci i>. fiimlmg over
io.000 of debt, of eomiaonnd iiitereit and oth.-i
ia . -, lnoelof whie.li were pari M Ifefl < uiieiuv. tr. iu
iaaa, w.> bad, a* wm propoaed lo th. s-nai.-, auuoriae**
lnite.1 r-tatea in.te- to he n.-ed (ol '. per eeni l.ondi at
par, -.ie wa.ui.l hav. . .eaat ipeme p .ymenu.
ihe not... IfeBfl flflfl-fl flflflfl bflefl panl "nt again
tor th*- Bflj?_?i ?f oarreot expeaaea aad tfefl parcaaaa
of bonda, precisely ,<i now, when gold u a_ tue
ii..ti-? aml n 't< i apphedto ih<* pnrefeaaeof bonda iu
ll.W wuv Wo eonl.l BfcTfl lflfl OflOll a epee.e iliiinlard the
iiii.meiii our s |K'i .eiiiiioi.il- wero worth pai ifl mm.
Tlie aill.ili. lflfl "le.lltof tfefl BflUOII Wollld liavelilleil
0 ir.-iirieiu-v top-Tln Roldprefllael/aa n llltedwlforma
... Imiiln to par. or wh'-n par in jrold ; and now u hen out
i tt.lil la iteu.'i .ily impaii' _ bj tfefl lapnl paym. nl ol lh*>
il.-tit iiMliilueeil ln tu.' ailvau.a-il valae of OUI noIi-.ui
gold,wfl eaaratae tii.tt varoato the apecie itsndard
mui h more r.ailllv tban lour yeflVBHgo, onr f.llnv
li. nat u.e tiniiiii. uii'i. ni thfl objeotloaa oa apecie atano
iir.|. tnat II II.I.-..I-H ...iiip.'l- a wlthdrawal ol
paper eorrearj Thla depeuda entlrelj upon tu.
amount Deoeaeary to oonduot tha i>u-n..-.- -.1 Ibeeoun
uy ami tho jaarnr of jiubin ooufl. me in Ita
redemptlon, Mr. Knox, the I ontroHerof theCurreflcy,
in hi* liitt iiniiiial report. xbowi that in Jattuuri ian,
when njieele pavinent*. were mi.**p*mle.l, the a_.iei:ate
liivuiatmn of Hnn aad pan araa ?*4.eTl,ai8, oi i ratto
01 J71 per eent of the wealth ol the l'uili-u Htatea; aml
ilmt th.- < iieuiaiion m the L'nited BUtea ln iktii, lucluding
Unlted Btatea Betea, hank ootea, fra.-tional. urre icj and
Bueole waa?7ao.ooo.om,orM>per?eai ofotii wealth. ll..
.tloli III the I'uitui -I .le.-., uer eapila, i-lniiv leflfl
than ln Franee aad irreater than ln Oroal Brltalo, bnt
. than iu eiihiT iii proportlon to the wealth. "Aben
.-. .. i the i.i-t extenl ol ourooaoti . it# i ipia
growth, tfee Tfllae al our prodnrUona, aud the general
oae of paper money, lt li ool Bnresaunable lo lappooe
that all of ii now Mtatandtng ean bo Balatalafld Ifl Bl
i .iialioli 00 B BPedfl ntau.Urd.
now riiti.i. OOBBI BBOBVA1 BB BBCUBBB.
It iniii-l Ue ren.emii. reil Iliai Ifefl iniux ai.i.oint of I'ni
I. ii Btfltaa BOtflfl lfl flflw V>5"'.<*'.ooi); that veiy large inaai
must b*' letaiiinl txXBmt hank- Bfl theit re-eiTfl ; lhat
larga b*M uiwini an aaw BaM la tin* Treaflary l ""?,
tbe Boteafltfl wldel) oirflalatal; uuw th* esaBlaaflfl M
the peopie. an.l ean ba BflfBefltfld bv the puhlu eredit.
1 mlei Ibene . ireuiu.laneei, it la -. unlv probablfl thal
,.n> . oflfldderable anaa wlll bt preaented for redemptloii.
If preaented, thev .-au a_ain Bfl pfeM oal ta the
oonrat of the pabilc diabflrfleflMflta Bpede pHpinent.i
ean thaa be reamned without ? rontnetioii of the i-ur
niiei . ailil Vlltll olll) the i hallL'e Ol uolIlill.il l.tlilei tol
thereai Btaadard of ralna tfefl worM ofltr. Ibeebtef
liqui-lU 1- thai the PUhlic BflTfl a.-.-lired OOBfldOfloe lfl
our ainiitv to maiiitiiiu roflaaaptloB. Thla wlnittapeo-a
l.i,., an.1 wholl lt exi-ati- aelual riiiemplion hy p.iymi nt ol
eoin ia t-omparatlvel- rare. Tbia ronfldence or eredll
? ni he Cii.ii bl ellaet of thTflfl expeilietit> : l-'iri-l. tfet
malntoaaaoa m tha Tt*****sti ?i a lataa reaarra iu com;
i-ecoud. the autboriti in the Bocretary ol ihe Treaa
?rx |a (.ill Boadfl for <?""" i'1 mMntalo
ledeui]>lion ; third. to BOtbOrlae nn ultimate redemptlon
ntiiei iiieotn or boada. The flral li anbJeel ... th. ubjei
tion thnt it keflpa klle a raal aaan only aefldefl ta caae *t
a paUH, Wh.U l- Will l?' iii-utlieieiit. The flBBBBd i*. -Uii
ieei to a aiiatfl] objection, tlmt. an tfea power i ouM only
. u-ed in a otriua-eiit moiiev market. u will lea.l to
Otai eac.ri_.cet. of puhlu- iee.uit.ies, and aihl fm-l tn the
. \i?tingp_ni.. The thBa BBflflfl Iflfljflll? Bfl lfl?Tffl. lt
eould openile onlv whi li from pflJdfl or flatflt-flflfl flfl??
oar boadflfllfl below pai lll com. and, ai Ui Ihe tempo
rary Nuei?-iieion of ei??eie paymem . mike henetleial to
the I'uite.l Ktatesuud to the biiaine? eoiniiiiiiilf-. This
nian linpli.-a- thal the I OltOl Mate. will inake ltr.
I! aia Hai rflH-mption lfl ? bfflnd BO mlt-inmeallv i-..lil.il>l<
lhat lt will he ?. nerally al pai 'lfl gold. I lo no! flflflfl
look tfefl f.u-i that reMitiiptioii bjr the United Btatea wlll
i,--t iba Btraflfltfe tt ihe ManaeM bank-, aad wtm**
wiiellieioi not tfeOJ are. aflUtlfld tO pufeUl cintldeue*.
Bnt tbia preaeut oonnectttm with au aggregate Hurpi.n.
tmid lar lieKind tbe ditt.-ieii ?? he-we.ii luneuey
an.l .Oin JilHtltleiJ the i.iiiiieli?n thal th.y
will lnent the puhlu expeetatioaa. Witn
-iH-tie redeinpt'ion tbfl nt-lem .MMflflfl Bflfl. Tue Ilm
tuallonaof thelr cnmnei wlll be bai the haattby ebb
.aiul fl..w of i oti.aier.e. Uedeinpl am Ihen will ln eome a
.V . . k Ihe (ea.leney ?f tht* nuintrt bauka
t...inpioy their curieu.v ln WiU-*l_ apoculatlona. Ai
Un i mav it-ileeiii in eoin or in l nlt* il Btatea BOtflfl, tlu-y
mii buve th.- beaefll uafltbi altfltaaBflfl redeaapiloa, pr?
\ nleit a- tn I'lllted Mat. - note-. 80 that Ifefl - n riflee of
,h?*ir i- eiiniiee tnat gflaerally fflllawfl epeela paymeal
.luriiiK i* paiur (nn ifo notiirtlu't than the pai lueul of
ih-ir iMii.Uh f..r u.eii not.-8, par toi aar. AflMB, ? BpflflM
-taiidard wiila.Mo lirin^; |fll_ and hiIv.t con. iBUifletaal
ii.? Tlie auiouut now hoarded han been vaiiaii-lv e-li
miited. aad with that dapoallad ta tha Ifleflaary ami iu
, it iiUlli'i. in (alifoiiiia i ann it bfl Uaa 'lian
f_uo^oa,ooo. Thia wlll probahl] take ifea plaoe
..! l.-it.i. letiilaa- a- lanilk i-< aei VCH, alld thui add tothe
iire.-ent volume of the eurraaoy. Bflflfl U atwefla pay?
ineiit-n Bho.ud *aue?' M.e retir.-u.enl in eoin fundlng
crft5iT.aati.fltt. fll Unlted Btatea notea, theli ptaee wni
bfl mor" than tllled b] thfl Oflflfl let li*o-e fmni ile jin fleat
llflflMllllfllt I Ihetefoio eoin I.lilc tliat Ul< fentaot . i ll
i.-inli fi ..iu BhiK-cie Btuudiii.l are itieatly azflgfetated
lhat there wlll be no eontraetia.n "f tlie euir.-inv m.
diit.uri.HUi-.' of real valuoe or auapflnaloa ol bualfleea, bul
Ihat our t>rftr*eul ItWmttA Mfltflfl atxl bank Bflflfll will paa.
ai ububI iii the or.iimtiy a flr hafl flflfl ol l.fe, knereaalug thn
value of all piopi rly, whetuei ptodlM ed here OT al.mud,
e.pia1 tothe rea. mmiev of the worl.t. aml witb Bfl tiMl.t
ol diafeOBflfl 01 tlepieeiation aboul il.
There Ih oue tn.ident lofl apecie fltandard that mtlxt
imt Bfl overl.M.ke.l. lt I- thfl wldeepraad in nry i.t.?diK-e.l
I.y a ellddeu Mfl-fl whflfl conriilen.e le t.-uipiu arilj ile
Ihloned und all deinali'l apeele Bl once Wltb the paper
eiirrcney in n?e ln tbe United Htator. lHafore lbe Watr, atloh
., paiiii' Wflfl ralfl aud i.auki ujiU y. In euen u Bflflfl
ttrerlirht todemaurl il*eeie eieat'-.l evi!-* iml (ln.ieter
whieh. witli im-.beuiabb- aml <1'-|'i>-i-mt*-'1 paper mvmttj ,
woald ?Jyflflflflfl fl fflfltfeei depre. latioii untll general
oaoaefl iflfltared eoBllaaea it i* eoiaooBly
mlii thut Wi'I. Bpeeie flflyflfl hIh flfl had the
iniiiiee of M . '??? 'BT, Wfeut with irre.l.-einable
greenbaekfl we bave had u aar. the flre
at Chioago and etfeer ealflflirllflfl witii.r.n ? poak enjn, ?
hlieeie etamlar.l \* ? falbic. . Tfl flZpflflafl It M the Bn
(.'inli did when apeele payuieata wan aaapeaded, "gidt.
,_, ai-,. a naoteafl hiaeunibraaoe." Thu reeaoa onlv
provee thnt wlx'o, by w?r or ptiiil.. apeele paymeuta nn
Miapended, a uation mav, by thn um* of paper money
alone. leTflBM il* Iflflflatoflfl and ol.I.-iin hiiili UnttneiHl
piinyi'ilty. Bn', ii ii bIbo true that hlfltor. ftirniBben but
twoexarapiee oi aaeheaee?, ami m beflheaflBa apaeaa
payineuta were eonetautiy jiromiied and k.i.t in view,
while the public. credit wa- inainfatnod by coUecBflfl lfn
n-veiiue aud payiuit itadobt ineoiu. Ia Oraat Brltalo,
during h?-r wari wilh ,\H|iolt-on, the Bank ot Knglan.l
notea were a depreoiated p?p**r i.irren. v, but Uuy were
n-iiei made a legal temler, aml theit credit
waa Biipporte.l not ouly b] pflflflfl Iflflfl, bul by
attempte ut reB.imptlou. In tbe Imi.-.l Btfltoa the -eeret
nt our iflOOC? wul. |>aiM-r inouov waa ihe oatflffll liiuita
tion of ltr. aiuount, the pay uient ol our iutei.M iu eoin,
ihe tollection of our l uitoin.* diine.* in eoin, aad tfefl
)iromi*e ..f the Unlted titatee f<> red.-em all itn Mflflfl in
.oin, with t_e aoaflaflaefl al oaraaflpM ibai u_a woald
Bflloaflj laat i.ii only tha b'nlled Ktalea, hut other
irHtlona wnoeoudiieted war with paper. money alone,
without au expeetation of eoin redemptlon, met with
dihh.-ler nnd _ti__elal nun. Kurh wa*. the exp.-i loaflfl flf
Kntiu-e wltb ber __atgnat*? and mandat. ; ot the Ainen
ean colonles wltb ooutinemal money, aud ?t the Houtb
i-rn <"onfederfl*-y wltb their Conlederate iiotea. Mmt ot
Ihe modorn nafionx of Kurope have attempte*! at eome
period of thelr hlntory to bndge over thru OlSeflltloa
with (roverument vuptv mouey, wtth diaastrouB rt-aults.
AIMIOKITV YOU THt TEMrORABr lOIB/IWOl 01 Ht,
HP.MI-TIOB l**BI*r?BI).
If any one fa4jt.t8 pioven by laa eiperieti. ?? ot mau
kiud, lt i. that K.ildjand nijvei are the beat poaaible
ntandard. of value. Thay have heen ?o ietogoized by
every natlon from the earlle.it period of recorded time.
K-periintnta have l.aen tru-d with other Btaudardn,
from the Iron of Lyeurgiut to the preaeut bank uot?
engravtng of tnnderu tim.-a; hut all have
leeulted in tbe eonvletioo tbat gold m the onlv true
HUudartia I'aper money, leupported by the < re-lit of a
t.overniuetit, k* a eotiveiuent nuh.-tltiite, greatly fiiclli
tating ex. hange hy the aaae and aafety ot handltng and
traiiamlUing it; but it la uot real uioui y. Il in ouly a
PKMBiaa to pay tuuney, and tbe >i.ly teml ot tu cbaracter
as fulae or true mouey ib ita tapacity to be couvarted
Into guld or allver of the preBeribed weiKlit
aud flueneaa. Tbe effort to contmue the
une ol gold aa the -iniid.nl and i>a|>. i
money as tlie IOlllflfleillal 111 of gohi haa been for 200
yeara the most dilhi.ult urublaui ut polliuai eionotny.
Our own ...inu, ttioiuh the uutgruwth ol the war, ia
iH-neved u> eaatflB- aime a-vantagen aipeilofl ta any
uow ln one iu tbo world. lt r..i? ujaon the .ire.lit of tfea
(lovernm. nt. The Oovemmeat pr..mi?*-? to pny not
onlv tbe I'ulted Htatea aataa, but the bank note_, aud
holda aeoiirlty for ihe pa.ment of the lalter. It oflflfl
Elaaa the intereaU of the i.nve-ninetit wilh the
lutcreflta of pilvate pernont, tbe ownera *of the
i.inki. ll la aa well dialriiuite.i aa thai uaturo
of the <aao will allow. Tlie Unlte.1 Htatea
priutathe hillaof uuilurm etylo , guarda tlieut ai_am-t
eounierfelilUK , lolli or mulllated liolea are al OBflfl n
ceived. 'lheuut>-B muat lie ?if uiilfiu ... value lhr..ii?h..ut
iu< rniii*ai Htniei* Ali thai ia aeedad to rompleu th.
eysteui i? general BflfloM redeaiptl-B, but with pro
fof temporarlly an-tjienalng ipeele pnyuitut la i
a_tr.m') nceo-oiliy. ll WBB Ibfl want ol ,oin. p iw.r
legall/ lfl aBflpflfll .?eoie pajrHflBl iha: lo l Ea I...
evil re.nlta of the p.nlr. of 'JT. '17. and 'ST,
and probably tniuhl li.ivn led to tomporary
auapeneionain "Itl.i* k FruJ.iv" or after tbe t'hi. a*u Ure.
laaaeb raaM a teflaaareif aaapeaaieti, or aome nbatt
luie lot spe<-t_ payment* ia indiapenaabli Beoaaa_rr,
unl.'ss paper eerrenej i- ao rn rlcl d an.l Umfltfld in
.tnn>nnt aa to be in-uflii u'lit for tlu- rutim. r\ ihanflM at
thfl eountry. All pupei BMM tu.ist rcsl ta BBBM
rxtenl apon ponBdrerea, Wh.n a paota ari.ca
ta aeMfl ubIoimm eeaal ahieb deetroyi eoe
tidi-nci-. tli mstiii. t ol .'v.-ry boiflei "I ? Mflk
or a ib|io_it"r in a liiiiii.. it l<? ...ui it his
inoii'i latoflalfl. Tiu*Phelina, if 4v.'i<api-eed and lonu
iiintiiiiic.l. Wlll brea-a anv bank however abuinlant ite
il.sct.. Bfld Will Iieci ? Ullv 1- i I tO U.>'.IIK'Iit of
ibl.t| an.l ii. n. i.i! .Ii.lic__. Uur N.itiouai i.auki,i_ iyi
t. ui ampii protMtathnnoleholder, bm ltdu_ uot. ina
ti.ni oi apecle pivm.-iit. .-"lfflrfcu'"- proteet abank from
un enfor. e.i aaotiflM ul Itt aaaaXi t" naalntalu pr.u.
pavments at .i 1 nn wben tli.? i"il>!. . aa tbe
exuteaoo of tho-hank, demandi a tamporai ? anaperulnn. ?
The same .iifll.ulty ra-cht trwe on Vf pm' et the \ mto?l
BtalM in niiiiiil.ui.in-' spc.ic paymeuta oi United ... He*
notea; tber.-eerreof ttoi.I tu tbeTreaeur. mkbtheex
hanatedby aanddei demand; a war oi ? j
cauaeaucba demand rorcoln tbal th< United btatea
ino:iit ln- nnii.li- to ie.le.-__m c.in. IMiob a . onuurreucy
ouifbtl.iprovided !,>__.' advanoo. i
adopted in EufflnndW alloa o* tm Bank el
Kujclaod to rnlae ibe rate ol Intoreai ea ita Iobm
.ui.l iiiis draw ui it? aasi't-. to meet antict
iiainl daoMi ln demflnda. .- eai conalatenl
wlth onr publli Mley. ? " ' ' '. V *!__ lnJ__
rata MreoBA <>r pabhe offloMB orer ao .h h. uto a anbf<?l
u_ thT mnlouai ...i.e...} <.ii_l.i ta be BTolded. IM
Datlonal babka aiready po_* * la lh- ;;'/:;' ; ;d t i.
Oovernment the meain to obTiah ible dtfl* My. TM
ih-si -ub-iit..t. rorapeetepaymenta, wtaa from exeep
ti.i.ai eaueea it aaa.*t pjBiBt-dned, \t tta
M,,1';1: ,.,,.,.,,. lf ibe Unttod Wata. eannol pay
ts oetea hi .uiu. er auy tmt\tma\ taal i ib
aat n,v ii* nataa la ettU w m United Btataa t.-.
,!?.?,, ,N?.ni laa bond of tta l nll arliifl
iuX-rea. al aucb ralea and upon bi* b termi ?i urdinarilr
tttlM) above par ln (?old, would proride lor rodemptlon,
lt wouiii aatlafy tta pnblieer-KUtora, aml prevaoi even
im i. nun aai ?oaaHarable depreotaHon M tta BBtaa
I,:i),.. in.-i.u tin... tl.e uol. s an il ? tondei among
ourcltiiena; wlll paj debl aud fulfl I coatraeU, and
will tbe moment thal eiucptiouu 1 .
, ' ,?. ,_, .,,,, ii, roin. Wlth authoriti ka
tu,' Becretary oi ihe T.ii-.in to redeem i nlted 31 itw
notea mtbei w.th coin or with the olaM ol Ipei cent
bonds now offered for aole, and aith like authoi tjrta
redeem bank billi proteated for nonpavmenl Inapecie
with tin- bonda oi tbe bank dopoaltad aitbth. tt
_t par, ae aonld bar. ipecle payment, ex. ipl wl.cn
bondaot the eharaoter Batned wa worth leaa than par
,,, _,?.,??. wnn tta adranelai "<-<iu ?f the United
Hi ,t,_ we in.iv s.ifeiv .iibrni that ?u. b bondl i
",?.' Zi par in -.'..i.i.'. x, -i>t in ;u n iim. - as lt would
Im- r.ii.ions to naaiBUin apecle PM???I, Md aitb
hui-Ii urovisioa f?r the rodemptlon ol I'nll.-d M il * and
i.auk noi.s no large raaerve of fjuld eitber Li IM
.a orln Ihebanki -,"'' < pro
vlalon would iniard acalnai tbe aacrlflcei wbiob banki
amt DMple aUke uini taBt r ? hen eompelled to i b-em
their noicsor pay theit .hbts in cin made exeeptionally
wurce bi paiiie or wai . u would roconelle .J per*
HUistoa s.h-.ie Htandard who <lr.-id tbal iuii I lal oi
i.-iniH.r.ui sea,, ti nf ap*_-la umv reqiiire them to folflll
their coniraeU vaiib money impo^*iule to be obtained.
Kanka tbal no* lenr m.?'?' ?<? P" their
Ixmds and aeeori tlc. may la - ??? ?- > "l for .-!;? .-.wlll
feei tbat then . <?< nnties deptadl d with tbfl li ,i-ur.r
v.iiiat i.i.st pav iii.ii bida n il >'? bannonj witb tbe
i,.,,i..y. mu and all oor enrlj loan lawa danmc tta
w:ar wbleb prorlded for a rolunl 117 ' ? * ver-n.,, ol notea
mto bonii- I do aot elalm thal Iblalatb.dy expedi
eataaainal apanii and lor temporarj auapenaiou; mu l
.bul um it wlll M'-iii. ui ?""?>l b.ink
rnptei thal rn ttmaapMi 1 -''i'"1' froW tbe
Ritapeusion of spe.-ie paymeuta iu Ihe l nit<*d '
Uavinu thus abown lh. tibliwUion aud nei-et-aitr of
.1.pj , i.ien'T. im l how lh. . ? rilai ,1, re
_,,,?,.1 ?? ,r I.e .iv.,l.|..l. ll netta
meaua laaal adapted t>> t'i ng 11 ?>.lt Amon* IM ln
i111111e1.il,I.- k hcaiefl i'i.'1'o-i'l. 'i '?"? '"'? ?"'^,'1 d UmI ii"
oracticiihlo. 1 :-t. louutb m_ legal teud 1 ... tea to be
recelvableln pavmenl f?r bon- ol the t nlted BUte ;
sec.uid. to aiiiiioii/. them '? "?? ircelrablfl IntMpay
meul ?t .lutK-s: iliiril. to aut noi !/.>? them 10 be uonrertod
inta demand notea, ?arina; intareat, or into compound
Intereat note f" irth, a . reet n .umptmn ul .peeie
,mTment? onadaj iu l?w fntaw to be flxedbylaw;
'.uiu, agradaatad Mab >>i ratea _.: .lum n,ev wili be
i..,le< ii.e-l in coin, .i_\.in- .11 ' ta ?> " ? ''"'?''? i<: ?> l,r''
., rlned da? Tb> ?- ? ' '?'?" ;l ! '" '
liie 11101. into .le .ul than I prcpMI tfl iio iii Ifu - time.
Con "I Un in w.i.ii.i i.i'.sain. immedlaielj our note.
toward a apecle atandard. lbe aecondonli laanbleel t..
tbe obii .uon th.it i- ite tbe public laito noa
pledaed i>> malntatn the Cuatoma bureau .11 eora mb
speeiaAfuud for tbe payment ol kntareal aatMpflblM
debt. w
1 111 -iMi-i ! sr IM> B0B1 ' BDI-flT BBUI
A carefui eeaaUtaBattofl <>f tta ahela mbjeet toefl-flM
iatMeeaetaatoathal thetaav -: rxpedJeat
BMaeara la to dawlare by law that eo Bad aftar tt* i-i
ilav ol.l.mii.in nr\: Un- I int'il-t.it '- Bill l'll'-i'in it.
imt. . i-ithei altb BoU or. at tta optieSibl tta Beoatarf
..f tha Tredtni y, a Itb ita bosdi el eooTenlenl deaee?BB
tiaiim bearlax l i>< i reat Intereat lo coin. Thtaai_| ta
;i roeognltton i>\ lbe 1 nlted Btatea ?f Its
-aiieniu pleflffe iu..ili. in Marcb, [Bflfl, thal ll wlll
at tta .-.iiii.-i praotlcable period redeem us notea in
coin It will provlde alao foj lh. poaalble. but not prob
?Me .ontjiiirency. thal more uot*. wili be preaentod than
can . ..nwnieiifi be patd la coin. Ia that eroal tta
United Hutea will redeem Ita notea iu a cbaracter ul
iKiuds iioii- t itli par ni a J 1 nj tta 1111,1.' y aurk. I ot the
w,?iil. The ol'ie.-iion- tbu tm iv '.? MBdfl
M tt Ita eti.ci- naaa laa Mttaaal baaki
have airiadv bMB anticipatad la wbat
l'have aaui. Itlafoaaded ni><>ii tne pi iin aqultyttat
11 we eannol literallj perform our promlae h, payment
in ,-oin wi will nt iea-i c.ie 10 thepnblloeredllorwbo
bobls tha notea ol liie United btatei _ bond beaiinn a
commereial value equal ta jold. If, tben, theae notei
ere tn exet-as of tbe wanlfl of tbe peopre foi icnn ter,
they will be preaentod for rede npl tm, aad aurtl la !"?
rcili eimil n not. their value will be appreclated
to thr .',',i itandard, and thi.- 1- 1. pay
IIM.i,t. The uioiMii. in.'ii- >.r th- iiuikiiiK
?ict can pr.ii_.riv !?? m**atpotx*A aatll t fotai. IIum, wbea
tbfl pin' iwal efleet of a apeele itaadanl upon tbe rnitol
Btates notaa wlll teat the abilltyol Ihe u.ukstomain
t nn their 111.11 -at par with United -t .t- uot. -. Whether
they ahoald M niieve.i fKiin in,1.1,' .1 ii. --, large ara
?erre ahettor ttaraahoald ta om oentarol redemp
iim,, iii.' itioni ol pn uiu al legialation f. rtb< f uuie.
The moment the notea ar redeem bb in. ho, the baok
laaayaBBM oeaaea to be llmltad ia number and dlatrtbu
tiou ol banka, aad will Mand, llke all otliei bu iai aa por
Miiis, ojm n 10 aii wta wlll BlTfl tta reauiaitc lecuritf fm
then iiotes aad wlll "bi.i tln gen. rai
lu sutimitti'ii; these rptiiiuk- nt thll time t feei like
a|Hiiogi/..uit far paaa_> bj argumflnta aorthyof conaH
. nt,,u, but in, i.nlv purpoflfl noa waa ta preaeut wilh
the aiiK.-titnt.-Jep.iri.il bj tta Committee ol Plnance
IM leadlag BMaanre la faflta ?i it. Mj beee \*. and it w
areaaonablflone, tbal naltbet Benatori 01 ihe publlo
win contijie their argumente te critlcal objectiona, put
will *u?:<esf BUBM plM n.-iter aitefl lo
tba objflcta w? i.ii\>- in ttax 1. ta bm whila
bone.tlj nipportlnfl thta plan. will readUy adopl anv
bettoi "ne tb -it ?... BMke tae n..-.. broken 1 roui ? ,1 tta
rnsii'l -'ir - to pay oue dollar, equal i<> Ita bea gold
ilollar of tta miiii
nn iivasi uuauiii'iBS'a bbmiubib.
Mi .-ii. 1 iim:i then r.-paiiieil, from the (_MBflBt_M M
iitiau-1. th<? reUawlafl mb tl al< for tta BaeBt_fBflfli
l.iil:
BtB-daaafl? ItM aa Iba Mflayaf Jaaaan I 1 "_. - ? ,
nt tli* I i.aturr i-tum,,'.1 Bad i.-|uire.l lu P*J un d.n.*ii,l, at il?
ofl.* of ib* &MMBI- rreaaam la IB* Citjtt v,|...| U taj u.uirr
uf Uanril Mal- ? ii"W? le Ui. ainuant al W I oui "t a*r Bniltipl* tlir 1 toi.
.1 . r._t Ut eaah aalaa, aa aaaal BBaaB uf Um .".0 ...,i, ,,f \ht
Uall-- ftlalaa: ar. la Bi attaanga
t.,r ttia Do... aa eajael aiuoaat ,,i Baepaa Bl rr_;-_ti, 1 knmtta
?i ii,, OaUmt Ha-t* ita an. ii bra .? at il., pras/riba,
aaaal daaMalaaboaa ol *V| <,, ?,,.u- taahipl* of .1,1 -
in ea.iD of Bm pr*.?-1.1 aUo.ltr.i ttttt *t M |.l-a?>ir- uf lhe Uait*l
St*l*t. *ft*f II) ,.ara Iron. tu* al... .,! _b*_l ia*o*. 41..I iK-arna^ iut*raai
|,attlil? ,|utm ? ? il>' i?i?-f- 1 t-dbio:
aad lli* S.ri.ura uf lli. Tit-t-fi nta* mma* tha
1 L.i.i Btata. ?.,-?* -. raaairaa, at, .t iiiti um .... alaa.
uiat i??u? l'niir.1 - '? ".' MM BBaaaf, *ith*r
lo parclia** of f?li*iu U.i- BaM,1 tUt "r mtrl U.r , onml i.a.1*. 1,1. lor
tle i-uMh arr.iora, anl laa Utt buiul, ano Ua. .Ll-ri-al Ibaiaal ahall I*
*ifmpt from lh* (iaitiir'..l o' aii BBM M .Itl.'a of tbe l'n t?l Stat.-< aa
w.ll aa BBB BM "'?' m an, abmX B_M hi nr iinrl*r Hltlr, xuilnp.l. or
loa .1 aulli.rlti . ?.ial li.e aail uuu-a Hi.U beri ti-i .'. ia_ .l , eipir_**4
upon thtir far' th* t>K,t.- tprriC.1 r.-.i.t tiuna tnd il.ali m 0. iu* .oa
p_ua. be niili- pa.tlile ai Iha 'I'rra-ar- of tha linitt. ai?i?t.
Sa< . I Tl.ai trota au.l af.rr ibr IfM ilav ol J.i, nnl. u.r liiau ?| |_r
af.rr.al' nrrnlalion al nalional l.anka. m* |.i"*rril.*<l bf law. :a r*
p*alrd. an. a'l haaka la*f*a_.r ur.tn,t*l *l.all il.-p.Nnt at asrarut for
[a?.rdN?a.ia| nol_?. boudt of Ib' luil'l .>uira i.mr.i un.irr llaia aci
?-urnl'r tli* a.i rnMl*. " An art to aulbor.i' ib' irfun t.u_ uf ib* na
noaal d-M." *ppr?t'il Jala U, 187.)
M. ... Tliai all lltr !,?__.,:._ ata._ .at...na .b.b t.tll, ua a__ aft'r
Jalt 1. l^l, rrd**m th'''i 'irculatioK aat** ti *u< i. la?Dtlaa \a ?, ??*
ur laat b? her'*rt*rl*-ja?_*al bt law .itbrr n, r.na ettaOaBMflkaM
ir)(tl I'a'ifr oui'i tnall b* *i'uii,l irum tl.i- r*a|uii-i_rn_i asdrr
Itw aa !o hn|atii,( a r***rt' af lawfal moiift
,.' lh.? rrmail Wai't; Hro,,.trd Tlial ntalbinfr b?rem roat_lii*d tball
auUio.-iM anv flaliaa?I Ho ,1 Hanh ?tltfili*li*,l IMI i M a, t rimtlfj ??^_
ari to j lotiii' for tbr rrdriiiption of tlurr aai r*nl t*mp.,iarv i.,an < rr
ti.rai'a and lor itrrraa* of Kaiional Baak ael*t." approt.ai Julr l_,
HW le i_h?B IbBr c-MBMtafl BBM .n aafMafl mt |oUi t_u ut" tb*
?lat*?.
8ao. 4. Tln. _*<'.loa fiof aa art *atill*-! " Aa Art tn protlnV for lh*
rilrioptioti ul ior ti.rrr ,,n . - ni i"ia|Nii nt laaa . tr'iu. ai't ,.,
lo'iraj" "f national bank nu'-a." ipffbfM Int, U. 1V.0, bt. aad li bare
I.f r*p*al*d. ., _ .'tt?a - a
I'lui i.iaka witbn.it jil^itaflB tnar b* ?f_?aii?<i t___r tbe
pruti?ii.-a M A_ A,. tu proriii* , .N.i.onal eantacf a*. uinj by a
atMfa of l.'niv*ti Stitt-ViotidB. iad lo protidt for rtir , , -Ul bb at. re
d.-niptiui. ib'ro.,1 ' kppraro. Jaa* J. 1-?>I ap... . o_ tbe
Traa?_ar?r of tbe T'uliwI >uitot a..t l?at Ihan *y 1" "?> tar (ni__i litttri
te.iat.rM bonlt. a* protolrd in .-'rna.u l>, el th*. *<l.
is a. b. I'bat ,l .hail br tb* dui) uf th* CuDtroltrr of ll,* f*rr-?rt to
raiiar lo b?'ttmiattl aav-h-rtr Iha- Btata* dir?, b'd pirrra. ?-.d ?th*r
uiTiri.al from whirh th* Httiontl Hank nr -oItIiuu Ll prmir.l ,n abole ur
in part. abd lie ib bia uflr* annuallt a r?ne>t litt af th* ai_. 1B<|
auch Bir.l.rial at ibail hai* t_r_n aae.1 la la* prinunf .1 tbe
nut*j pf 5attAtiT R....k* wb.ch ara li llajublaliua or
!,lirrWb*_l l,n*.Ti*aT, thll! >_ <l'.ur>.r.l nnd'r *o*h rtfBlttlon, aa ahall
b* pr**_r.b*d I.r lur . oniru.i'r ul tl.' i iirrota.j ta.1 *ppn.t*4 bjr tba
NeereUri a.f Ba r.-a.ui,. aiul th. eip*uar uf ?u. h WlflilaiUafl _4 tf
tlrartioa thall b* ntid oal uf tat ap|>ro|.rieiio-i niad' by f'on.r'ti fer
??f uat ?aai luukt aad bauk l lli'l.
trecrela
tlrartio
Ibt tprriai tnm nation
A BBDUOBB nrAt>:.v
OaiTOOBO, N. H., Jan. 10.?JaSMB Slif-i-linmr, a
unirrled 'iimn. who eloju-d a few wick* a^l) wlth _\at
Jlrew of KI-hervlllt, ariiv. il heie in ciiatoaly, thll mU0
in?. from JtT'ney City, at vilih h place thfl Rirl .In.l,;, tum
d.iy. nifo, uuder aunpli iou. circum. tiucca. _* wft?
taken to tli. poln-e MatiDii. f.,llov,eil BJ fl lurgc i ruwfl of
pflTflflBB wlm bad i>een awnltnuj bta nnlval at the depot.
un le.it Inir Ihepolne atul Ion for the j_ll, Mr. Drew, t_0
futher >>f tlU jjirl. ru*h?>l upon lhe nriaoua-r, .tnu. (_,,?
vlrtlentl} In the BMB, anil ktflfcafl hlflv BaVBtfll Bttafl
jM-i-on- .J-.. fell upa)n hllu aiul be.il huu irverelv, and it
wa_ vritn ilifl'. ulty thut the oftle. 11 .onv. . ed lum ,? tta
|;ill, wheie he la to awalt eiaunnatnin.
TUKKi: BUKU-UM <Ai'Ui:_u jn washinuton.
Wa..hibi-;tos, .lau. lt. A <!,irini_' BttaflBB. to
roli the <lr.i gtttula atore ot Wm. M. Mhuater B Bro., in
I'euuijiivaniii-aie.. laal BtgM, w.i* fruxlrutril by tUe po
ln c who, ?n bc.nu iiilorn.'-ii hy a neltfhhor llviu( next
door to the 8ha*ler? ifi.af annirtUiOi iuhmuuI waa going
nn iu tho xtair... _;.i i;tn\tAl in arre-tiiia ture,- meu ou the
pi- u t.-t, wlm xavi- tlu ,r ii um * j? Meiiiv Miller. Jatuofl
Al-in?, anl Pfltrlok Stiiilli 'lhe thieve* had i..ll,u.u'd
v liiul*!*-UcM uu I allka aud pul l.-iiu ui oouvei?aul
pnek. a--. i-i aanjltgoi
SANTO DOMINGO.
I'ROSPKCTS OP THK SAMANA BAY COMPANY.
lNDii<_MKJ**r-i Off-BU-P to OOM-fftWAMDCAF*
IT-J-J-B?'BBIOOBOBI OF TIIK I.1I.ANI) ANI>
OFI'VlRTUriTTIE.'' KOK TKAUK.
Tht- niuiminr.-ni.nt thnt tbt- " Snnifina By
r.iinp.iiiy of laalt Dofl-tai*" Bai aaaaaalal in "bt?-n
ing from the Dnminiean ilovernm.nt a laaaa of the Bay
of ..amaua aml the IViiuhuU ?f tbat name. with other
impaiit mi aira__,amlptivilege . giviug tothe Company,
nt , Dn t, ;t moiiopoly of the trade and commerce of the
Damtalflfla BapkbUa, e_.-it.-d iaffflcaai laflfptaa
thnMUChflflt t')" bflfllfeflaa commuulty of thU
eii>. The advaiiU?e_ to be obtained iu the
way of BflflB-Bfl-flfl by building up a great-r
Weit I n.i: .a, Ualfl wai fuly appn-i latfld Wheihor or
not a laine .?ma.-iation fram 11). t'nitel ItfltflB ean be ln
ilin ,'.1 ii a taaotiflfl ou Wflleb there U mueh d.fferenre of
oiiiumn. Haai IflClfllfld th.-ir bflllfll tbat fow perions
fnyiii bfl iiiiiu. ci i" ?? ta aa i.iuu.i wfean aBthflad
Tflfltflfjrfl of c.uii/alian, ia th'- -iliaiM- of B
,l,u,i he-, anl gofld Bfll Btjr, BBB IflOSlBf. Other. wore of
t!?. |,e||.f that. lf i-.ih.nle* fll fl "r BBflflfl I'
Hhouhl flfl to Tfl_n~ff 'hry would build >- BflflB
:,.,i| ehtirhe.i. and have more comfortn and
, iBfflBlr-? than many flTflflfl rn aalllBBfll fltfl of aeveral
,-...1111111,;. Ta etl et ih. al-aiUai.t-^.-*!... ?;'
'.;,,., ?_..,.- tl.e l,.'i.ellt-..f at. evee.leut ell.u.ite. aiul.i
,,,.,.1.1. uv.iie.ii.if aotlBtaalflt thaa aaflatfea fflltM
Maiaa Ti..- Baataaaa al tfea parl ?f BaBaaaflWoall aflflflj
Btttflflt.BwafltfeoaBfet.fl con.U'lerahl-j .iiuinher fll Bfl
-itih .-.H'.ikitiK *<*l.n.!-t-. aml tociely ?"''' the adtflBtflBfll
D|, iviiization Wflflll uaturally follow. even if tlny it. re
aal BlIlBlll-Ml hy etforl- to promote iinitilgratiou from
,ud the laland. adjaeeut to rfautu Do
aabBBfl.
Till. Hi'.-I *TY.l't
AtMlllaaal faeta wen- abtar?I -.cit.-r.ia> i>> t reporter
of Tm. IBibi Nt frflflft Kow'.iii l iv II i-it.i. I --. n ' ity ti
th.- -.mi i'i i Baj fJoB-paflj The lalafla tt whal ?* ta Ba
.iuii.-eitjiiai boaettlfll uiiiii QwOBBM-laalflaati ratmra
?:? r.eiid BBBflBfllflJ BBBBBIflfltefltlflfl Thi-* wlll pn.hihly
ih> t,r<>ii--iit by tfea al?iafelf T/fe?, thUk B aa
k.i.ii. Wii.it l.i lir.ipa.-ed, hoW.-v.T, l iiii ta loM
t, Wmrttm VBfeaaa 11 lfl BflflfeoaaaOflttOflTfltaot
,,?tht Peaia ? taa aad tfea watai ? a iti ta thfl
Ooaipflnj ? Dr. Baaaael'.. Hawa B ta batfl i Barafl al al*
n, atiaii, oharHlflfl. aalflfltta -t-flaa Bil|taBflfl DaioBfli
wlll be eitahlnhcal witli tln- in..ii B_BBBB| pmbahly, ln
Bflw-Totl ami Boetea. a larga euiigr.it ;<m B feoped for
from Bew-Yotk. Baw-Jfltflfl*. aal tfea B
Btataa laioig'-tu men are Wiute.l. who wlll do tli'ir ut
.,, ,?-,,,]. .1 m tfea raaolttei of thr* Btaal. 11
ampli* io"tn for ill (wfefl Bhflflaa to go, and a ivtura will
I.. 1 .-ii'-'i foi their flSpOfljUtaia fll e.ipit.i'. aial labor.
i.ih. rai taraBfl wlll ta B_ade wltb tboflfl who ehoflfl
into buaineofl nr airririiltural pn: -
More than ?" I" WOflfl Bflllfld. teiterilay.on Mr BflflflM,
pi,i-t of them young BMH, and deslred informatlon cob
im rnlna the laland and Ita produ. i*. Beveral repn lented
vuiiiig-nif. .iml expreaaed tbemaelvea aa anzieafl t.i
l,ulld up a lioalne * at Bamana. Oae waa a Inmbei anr
, aan', au.l -anl he Wa* d-fl-TOUfl "'? BOgOtlatlng for B
nuantity of the t i. ii bard \i xwlfl ontfee landa ol tb
pany or ln tuo Interlor of tbe laland Anoth.
trm* until reeentlv an evteintve iii_ar plaatei ln I
Imt tli. .-nii war tfeaia ha.l gtflfltll laterfflrad N
buaiueaa ana cauaed bim bearj loaaaa 1
gentatlon. of tbe Company ere f-miul bj btm ta. ta
...rre.t. fee will leiiime a large portion Ol bil lb
l.iree to the laild-i ttt the ( '.iiipaui . aud bof-fl tii- lal-lllg
,,; -a ? ,? iu..- ou an extenalve -. ala
Wltb referenee to Immlgratlon fr.*m Ifew-Engiann, l>t
ilmi? raya ba Baa aa deab. thal a very Iflfge aflmber el
pi-j.K.iiB wul avaii Ihem-elve- of tfefl ollei ol tfefl I 01
i.auv. Wltfetafclaownelrcloof aequalntani -. iu B<
e- knowa ol 10 fanlliefl wbo wlll ro. The Baj
Mi.mi. M 80 niila-* lonf nt' id btflfld, uml ii oae ol tne
h.'.i.iiifui abeataol water ta ta femad anywhei
ti mii. rat un- i- equable, and lt recommended I
i aail. A lar_- h.it.-l aud laintarium wlll ta ere. '
i.neot Ihfl l*e?t p..lnt?> eomti*?ndln_ a view of the ?
ol tin- bur. aad lt la azpeoted tfeat a Isrflfl noinbei
i i'hI- and pleaaore-eeeferi ?lll i>*- attracted to tfei
Iir ll.ii.a-. wlm will prohal.1v have charg.* of tbe lmrnl
? nin. wh.ii they atme al Babi?, ii daicrlb.
man of greal exeeutlve ability. aml an entbualast on the
-ui.ie.: of aettllog Bamana, Ile h bfaaacer of thi
\ -vlni.i lor tho Bllnd, and la a* tfa
..ih. i . iiarilahle and philitutliiopio eiiterprii*e<t of Mana
. btuetta.
IMH i I'.MI.NIS TD l - I-I I i -
l',ion reci lvini; the r.-pairt of the OflflUfl-M
.i.i- eton al tha Oaaapaaj wlll Boll .t BBaat_M ;*1|i!
liiiue fuiiv on a mtttt oi aettaa. Ha foUowina
eoaa el.. abKalai iaat to a aaifeflt >)f BapU i
aud nen:lih.)riii','.ilie_ while the -eli'iue fi-r tin -
tion of.~iin.ina WM ih pBflB>flBS:
flTi Irfffl Tritmlt Be. IU Bboaowi ::k.
tin- failui- of tim propoaed Tt. u
tionoi the Bepublte of s.uiio Doflatafo to thi I
state- a .'onieiition h ih i.ei-u pcepared,
inprobaUou of leading cltizena oi thai Bepubli.,
ei.m.ites to individiiiiN to be omnlted Into an
?i?*_la'lr>n, uml.-r Ihe name of the " Haniatu* Hav foio
iiauy.it BaatnOoB-BBfl." u\l tfee nghn. prlvilegea, aml
liiimuuitie-. over aml ta thn llay nud 1. n::. ala of
Bamana, which were eeded t<> the Uoltea Btatea 1
'-u.i ifropoaed treaty: to lu.l.l all the piii.lie Ian
.,i,t l'eii.ii-aiii of .-anian.i. .. wateraol Han . B
aud the ishinda und reefa tbereln. wttbo ttaxal
-impie powen oTet -aid IbbIb flfld waten
tiriule.'i - tn e.tahlnh i ommerclitl luu-: u bflnkol l-ue.
with i.iaia a.-.-; lo < oastmel rallwaya, oommon i
aud telegrapb lme-; toaequlra vaattracta. I
mmi-r il I indsiui the _h.be. flfld Of BgTtrultni- ind*j Ol
wmi l.-rfii: f.-ttiilti- in (ee. fot nomimil 00081*1. mtlons.
Iti- anderaaflod tbal our t.ov.-iiim. Bt look wltb favor
upon an euterpriae dlroctod towatd an lnereaae of our
n.iijuii tl commerce wltb tbia free peopl. , -
.ui. fi..rt t.i -limiilate the eultlvatton of Btnple ti
prodii-tion-.. ao largely Imported Into tb p
',.,- labor and undei tln- dlre< llon of oui owi
lt h evid. nl lhal tln- Berl ? lal tad wlll ?? m
,..,rt nt ihe Unlted Btatea
ihe I'le-lil.'iit, in hn me.ii.ip- 10 tbe
-,-,.,( ? : ? i i Ihoaaugb.? ? t.t-e.i ta .: th.
nt. n' i nf thut' inntrv, i ommerriall)
demanded Ita i itlfleation (the Treatj of \
Jltat han iiiiiv eoiitlilni-il nie ln IhlS TtOW. 1 naw
believe ' ? ' tliat afrt- port will tanegotl iti d foi bj Eu*
roiH-aiiiiBtioiii. In the Bar of Bamana ? lara.n rclal
riiywIU sprtaf ?p. to whieh we will be trtnutary, *' !l
uol t_< '--.i i'i*-* oorreapondinf benelta, flfld tben wlll be
he lolh of OUI leiiatilii.' to gi
D.muiifo, wtth a itable government.uftd
Immeuae reaoureea eaa ta devflleped, will . t\>? remnner
itive wacea to teaa ol thonflaadfl ot labotara oofl now
upon the i.-iaml. Thi- labor wlll take advantace of every
avallable meani ot tranaportatlofe to abandou the ndla
cflat-daada,aadaeek the bteeatagfl <>f free.lum uml Ita
?eqiienee. eaoh lnhabltaat r.-civiug tlu: reward <-i hn
OWB lalinr." .?'__??
Tin* Commlaatoofltfl, in th.-ir report, flaj: "Santo Do
mlngo la oapable of aupporting mlUlona or p< . L
i-.ne.iji - an ferfllltv it ceit.iinly e.|ti iN, aml ]?
.ni iia-n.-a, the uclghlMiring i-lamli ; aad ii i- evi l
-lilled lo tlu- produ.tlou "1 r.u?.ir aml tofle* I
lupplytM entlre market of the UbIp Ifetaa
.-r.-ai w.*it indi.i itaptoe.'
Dr. Bamael .. Hone of Boeton, one of the <
inuieri, iu a ro.'cni letter aaya: "Hooommer.
pnae apoa iiiBOfld ever ?-avt> ptflaHflfl or ao maeb goo i to
the cualaved raoe-i-aiid lo oppr.'i-ed natr,
duveiopmei.t of iutornal ra-oartflfl, auli rzpaaalon of
, ommerclal relatlon . aud indi il. h returni to thos
Iil-t Bflter flpflfl lt, Bfl dflflfl thn one. IBB] ? i, mlti Iful nf
t ue flraal Bafl i-oiiipanieB of the B_BBB Inllflfli aal Blfefll
great flnterpdaaflof paat flflflfl.
?? Hutv.ry ahowa lhat duruigthe flnit half C* Qtory after
it was BaaBaaaal i>v the IpaBlardfl II aprnng auddenly
iiitn flflflfl w.-aith and importauce aa to ta tM wooder of
ii'io world. * * * lt haa imw al! tfefl Imnv
aoareefl aml eepab-Lrttefl whieh the Bpanlatfi DUUed to
Mr. _. Lt BL iiarlow, who hai devoted gr.at flflflaatlaa
to thla aahjeot. wtBflai 'Tm; aowerol aoeb a oomblaa
,,,,,, would eontrol the i-tianii. Ita landa and commeroe r
will build up a Mtato, and maki*. every arr.) of lami Ofl
tl,e iril-aud noi only a.-good as thal of Cuba, but as that
ol IllimiH.''
It in piopoaed to organize this f ompanvby aasoelatiug
ifgentlemen of high churaoter, who wm reem* the
louce-Blon from tho UninlnU-an (lovernmeut; and tt im
indlapeaaable to the eaeeeae el tba great euterpriae thai
taey ahould take aome poraoaal Intereal lo tbe formatlon
of tlie Htate, and contrliiiue iu some dirtetion to ttede
veloiuneut aml prospenU'.
Imtua-diate action in ludi-jx-n$itblo to neciire the_e
valiuhic grunte. It w'H ufford- me pleamu.: to ezplalo
thedetalla toyou, lf you huve any dealre to aarticipate
in what BBflflPflfl renar.led aa an exceptioual opportunity
fordoiuga ?-reiit pabllfl BfltTloa. aud reapiug a tjrual
ponnuiiiiyrtiwui'd. vc-f_* lWiWoitf_Ily, '
t- f KOWLAMU R- IT.i7ABn, Hl.
flf>W IHB BVTRRPBI.BE H BB_AR___t.
Hi leuaior E. D. Morgan was ??-ed to tako
the. I'ro-iden.y of the Company, but deelined,
,n ,_l~. dld David Iloadle). The offloe VM
then * ae..:pt.d by A. B. Stockwoll, Preildeut
of tln- Tacitlc Mail fileam.hlp Compa^. The followln,
are the otiier ofllcers of UM I'ompau., th** luuiu. oi
j.rominenl itockliolderi liaviuf beeu puhlisUed pre
viouil)' ?
\?;eo'. reildent. Paul V Spolord, flooretary, R. B,
ll a/ .rl. Jr.; Reeldent l>overnor of rlainaua. J. flfarr. u
Kflbflla ; KeehflBnt Direetor, 8amnel (i. Howe.
The enterprlae ls to be regnrded as a private na ' i
Uon oui. The meri-haiita wbo have been ask"d to take
atoek. and who have done so, ure mea of large rapita!
and great energv. Mat.v large nnd iiiHnetiti.il bonsea
have iM-en ileterr.**! by i*oIitkal reaaoiiB from euterl..iu
ing the ^heme.
A promluetit Sotith-at. nierch^nt. who eharters large
iniinoar* mt Taaaala to Iha Weat [fldloa, uml wiio baa
vbflted Hanto I-oinliigo, said: To beidn w.th, I I
npprove of tho i.nvn iiment'a sen.tlug a war-ve.. el
ti, ,-iaiiii.a t<> ptfltaafl tlu* rigi.u of ? p
eorporatlon. I^ my oplnlou, the enUrpi -??
, aiiiint thrlve witb.njtOoveriim.'i.ial ald TheObflBMny
will depeud mainly upon lbe mlueral res.uirera<>r tbe
l-Olllltiy UUlll the il.WflopUiel.t af t lu agl l.alil UMll pii
dueta Iron, copper, aml ttaeflfl oi poldoxlit, witn ?. .
lereddepoBltnof ro.k .all and petroleum Thr Iron me
ii of arnat purlty aud very abuudani. An auugi:
mtry ii ia eoinparatively u.-iileveloped. Tho rich
lowlandfl yleid abun.lant croiw of nugar can.-. Tm
iiiotiniuin reglona, eapec|?lly dev..te*l to the enltlvatlon
ot eocoa an.l eofleo, are Ihlnl. Iiilifliilied. Wild idiuer
aud ind.gugrow ever) where ln profunlou. Too proariit
extent of th.- in.uortatlon uf tropli-al fruiu doca not,
Bflflfliar, j.lalif* tne g. at antlelpatlons now enteruinrd.
BganrtRCKs or tiik mland.
PbuI *< Bpofford. Viee-I'realdent of the Prfmpany, and
a merab. r of fhe lirm of flpoford. Ttleste.n A Co., waa
called uport sml qoaflttbflfld Mlflttflfl |0 the illiiii*!i.!oni< of
Ilie I'. l.i ii i'i 1 i 'il I i'i -ua. Uatl ie8'iur_ei aml |it miil. |i ,f
the l>''_i!iil' au lti-pub!:., aud ithor mattertof Intoroat
He etated that the urantof Iho r**^f^JtAw^'J*
ih- 1'enlnauU of Hatuaua. la Mparated froin tti<? in* M
land by a narrow canai, kuown >_. Cano *??'?'*"* 1,JLr,2,
and flowlnr from the river Royurra to the aea. The
1'entnaula U about .thirtr mile. ln UflJ*. BBB
,waae- fllgM mIIm ib v'ldth, or ?baat aer "
tlmeT the alw of Maohittaii MflBd- ****
unrtloB ?f tta laland of Himte Domlnao koown BB tta
fT_min.e..ii l_-p.it.lie ...mpriaM bImmiI Nr? . ,!'
laland, and ia aeparated rro.n tn* Repni.il.- of ll. ijri IW;
loftr raaae of MoaBlalM, DoMlaMa ha* a t^^*__
v?-i.,, eatlmated at from IBBJBBtfl isn.ono ;;<>< ?;'
of_.mi_.ture of BpanMrde. mulattoee ,. "7_'' ?, ..
Deirroea Hivti, bavmfl onlf oae-flflh Bke araa m
ix.ininlca, ha. .1 populattou MtbhflMd at tnm mWAgt Ifl
"-SJuaMataweO adavted te wtktau j*****, tehaeea.
racar. con--. <.'.?. and all Und* of froploal ? ?
There ia alreadr a lar?e trade in tohaOM and eoffoe.
ThUi waa formerly diyerted to <_-r.u.inv, bat bBBBB
few reanhM bMB aJtaoat euttraljr ****?r*M**AJff
Amerioan uerebantt Tn, prodnctlon of ^eW"?*l?J
can ta viry t.irp-iy Increaeed. a -mail proporttoB ??f
l he land i_ now li-ledbv Ita nutives. Iho large Btata,
La Vegal KeaJ, wliich exclted the admlratiou <>f Uo
l_rmbnKodhliieompanlOM, la admirably btUpUjitm
the onltnre ot toboeco, wgar, *n<l enffe-, ?_ wa. eenon
atratad when tta i-hm.i was nndor Bpantah rale. Hieam
,??u.?u.Kui,..ui. i.owli-i.l u."..tl..y witb I'.ie.'oli luU
in,.! _s mi.mu. the lattor beina ah>ul adar ? mtl from the
f..riii.-r l-ii.-rt" H_.t.i hua of lat) irrown Into Importanee
MBt_?Iflaport, aud tbe aiuouui of eomuierce is .n
cieaalug r.puily _
RAPluD Th'ASSIT IB BARNBRT.
thk stuBBBt Kf.F.v\TFD rahwat -CAnrtT roa
i.inAi. nurno iw btbbvi oftnann/cnoB
IN-rt nU> HV TUK COMl'K'niKlN OO TKI Sh
um,
A Tniiu-N.: roportcr rnllcfl yrstonltiv tip<?n
p_ Bs(mB Otltotl . < i-r Kn ..in-r oi 'tta OUberl R
wur oenpflar,te ebtflta flddmaaal (_*_ ta ro^nr.! f>
thu ent.rrVri .<-. Pr. (iilliert aaid that he vrttt gorry lh.it
Th<< aerd "BBflflflM" had be_<j applled to Bta r>.a>l.
it. it MTflrad, flfl thought, of underhan.le.l work,
of whii h there had been nonn ro far oa
ta aaa ooaieraoa. BB Dkad the werB "prejeet"
b.tt.r, aad h" tli.in._t th.it this wm a stuikI
one, ntnl ono vbi _ BBBM not BBL BB BBM he was not
miuBiiloM af BB_rflflUaalea with CkflBBBflflMafl vanderbiit.
bywhiefihi. Mfl paaaad the UgtaBfltaBa. Be thou*rht
M \%:ii_ im ra Bal ohh?jr B_aaah Bjaaiaa bis <>wn bu_i
nflaa Tbaeo were before tho LaatalBlflffl the Beeeh
I'netim-tlc,*fhe AieadB, the OBflBnl I'nder ground. and
Matda th- Van.!<"biit BflfM BrflaattMB.
< BflflB mmU <" in.'.e. bilt coneentnited btfl 1 trenirth In op
niBllOfl to |Ba QlBfln. Mid dhln't -i. em to noflce thn
t, anflt-i LefftakflaN .iui n't ?aBflnBaaB
?i ,the bill, or inore flflfljC
? aald barfl taflfl made to it.
. bnii.i. bm ? rattfflfl-thal - oracaa
?o.-tili?m wa**tate.l ln the tltle of the bli. Bta
orlftoal parpOM vra->*|to connect wlth every r___tead
lljr, Wttt. lhe rallroad BHltM from BflW
Md l.'fiir _laaB,aflW*n M wlth the rn.i'l. flp
log from tba Bort? m.* flrat bill uenlBMplated
atrnnk llneIhroairh Tbirdare. and the Bewerjr,witk
.? ?;--,. rftaMBaflcrah?petBt-. it met the
ta of the Thlrd Av.tuic C uiip.ni.., and
? ? ? ! The bill was then B?flBifld M
tliat the road. should run throiuh BBBB
iheald be dcslifiiated bv a OBB_flB_B
/ .- ? i,-n. John A. Dtfl, U-'iny
? i a Arthur, <;>>_ <". a. OUtaaorfl.
umi Bta pherd Kaaaf. hut tii" Raea aan not
to li. lct'.'i-.-ti T.iir.1 un.l *lixth BTflfl. TB^WBI-tad flfl
,' a!' rh" itiaag city railroad line-., imt
elty eaat bbB weatef ttaM beafl da'rtea at
.passed in May, hut was nor
i,,-,-r_,>r till June IT, after petltions Ifl
ns favor bad bi en preeeated bearlaa the bbbmi of more
prominent mn ttl BeW'Tarh?aat leetdeata
alouj; th" !iue. but reimtable biislnesa men. Dr. <:il
? mght thal no projeet of public impiorea nt b td
?Terbflflfl lapperted bv larecrinter'Tf .
Hlapi twaflltafll braBBB. He wn a phy
MgtBflflr, KBd for many paflll li.i't
? ? iea ta tta aaflfldflfl ol BeattMlt-g IBa
, palatloeerOWded into lower New-York, in the
itaol bMtth iad BMrala. Wttk this purpoae alote
ln rtew, bowerer, ta doehted lf th,- Btaa oeeld havo
IRtedOBt The otatMlM wero many, und men
tketram in their -upportof meaaures for the pah
i. He had eombtned b-taeaeM arMeh wcra so
I ... poeelhUlt/ of faUare. T'.ie
ti saw prflB_-_-_te oeaeMtrata
r thi l laad #trfl dflpeadeal flpea
. ,!?. iiiT.-c the city. Tfce raflroad
woald be certain to laflflifl the
i n .1 conoraetMfl of thfl road. It was not,
r. ln their baada Be wm eajflMl ta frenBe thM
the MMemeM should not be a one-aided oue. The ori*
Inal purpoae wontd not he forgotten nor made fleeoad
ury. LeeflltralM WOOld raa wltha rejjularlty whleh
.,- !?ilnterfBM 1 Wlth by tho through train?;
u.i :>e flflaUdfld, aud tr.iiu .
in- another not mcroly at iaterrata of flve
latfld, batflTfltf mlnute, ifthe
: deiBuul.
ftta BriB Batlwa*/ Omtgtug tn/iiffld i
reporter tb ll thfl ftieeilMBt hetWMB thM read and th"
ct aed i?.)-t'):i reada wm B-flfdP a bafltaaM
i n ut iu reaard t<> nalfbraaltf of BtflM, Bc . .imt
badletareme to tbe eoateraplflBBdMfl flf Bta aouthern
,i. the lt'ter read M B trunk llue for W
?rutli.-. by tho way af tho RUi.pen.sion
brlddje al PoaBhkeepatB. <t wtw unJeratood, he ?____?
tbat tb ' ?' aaaa, und thal Baral
ilywlth Ita I-.'.npi'tiou then woald he a road la
openktl | tha Beetea read ut Breweter*a
wlth tlu Krr i' I'linn-r'-.. The fltldffl WMflaBM OM
.?.itifro: of i leparata BflflBpaaj. an-iho aobM uive no
peaa.
ittha-kBeoof tta RaaaM Baajaaalaa Brldae
? : j, tta teporti i ??? ia naahla t<> obtata uny .la-flnito
lum, .i\. imr M f?B flhMBM af tho eag_MM, BBl
! thfl work would go on without BBBBflfl
snry il'-li.y.
tmi: vandkrhilt road.
Ir }i;is lie^n repottefll thal whilo Oaamadata
? ;lt bM beefl ii't-ve iu his pn>parat:ou_ for slnk
ing tue trnk of thfl llarlcm Rallroad above tho Oran.l
Central Depot, to hai aflbwod waeB ontherapidtran.it
low Utat put t to bfl BflBBflflfllfld, atul that flfl his
rn. lateBttea Bf ..nryini? if IBrhagh wlthout additlonal
ull from the city. A reporter w.n aaaured, yesterday,
l-y Mr Hiukhrit. MpfltlBtflaBflBl flf IBfl Harlem lni
Iirovcinrtit iitul en.'ineer of tho road, lhat this w is an
error. BB s_i<1 that Hitftleienfly rapid pro_reaa
had bflflfl Btedfl: the route had been marked otif,
ii n il nothinir rctnained but ro i?ive out the
eontraeta aad havo the men iro to work.
Tho WOft would ta MBflfltfltfld BBaflW the depot qiilto a.s
.-..uu M that BflMTfl rli.it point, and there would be no
Ofljeel ln havin.; It done earlter. Ife on'.y hoped lt wonl.l
bfl put taflO us gOOd baada as thone holdlnd the contracts
ulreudv awardfld Mr'Huckhout aald fhat tho public
bad an mipn-Ksioii that fhe aewera and gnn and water
ptpaa would iires.^nt dittifiilties. This waa a fooli.h Iiur
bear, as ther would neither be au ob.stach* to the work
ti-ir be Uflhta to injury.
OCRAN PEIULS.
IU ItNIS'.- AM? TtHAL I.OSW Of THK SIKAMSHIP
K __!_..
As Iin: I'ijimcnk's foreiffn di?patohi'_ .tat.'il
yeaterday uiorniuir, the .teamship Kne, Capt, Wlilnun
TlBklflpaBgfl. "f the Uuitod Ktatea and ilraili Mail Stcam
?hlpi:?nipai.y'-s lainp. was burned at _ea on Jan. 5. off
I'nruanibuefl. Further dhpatebes. thon^rh nnaatlsfao
t.ory aad lncouiplete. atfonl a few additiorral dctails. T!ie
intelllKonee of the dtMster wm oonTepvl to Bt.
Thoma_, iu the Weat Iniii?*, by (*\pt'. VvMsf
ton of tho bftrk Susan E Voorhles, Which
?all?d from lluono. Ayres Nov. 15: Ho atates that hia
yatgfA ovcrtook and pa__ed the Erie, which wa_ hnrnlng
ut the ti__, o\ Jtn.'_, at a point nearly 100 milea north
of I'.'rnaiiibiiej, A-lJ? ******* **f ??round. anU waa
ulmost a coiupl -te wreelt, thou>r._i a portioii of tho re?
l?fl funncls with a few aupportlntf rod_ remalo.^. Tho
crew of the VourliiCM saw several boati fllled with tlu.
IgON aiul .rew of the Ecm, proceedlug toward the
ahoro, tUey having made their oaeapo from the liurnhnu
eteaiuor. Tho Htoaimhip Coinpany have every rciiaon
to talicvc tliat tb'y nia:li|al)oaril the Erie, tat BdfleM
ftiido'ht.r private NpQCfl-__ffl aaved, and it iflflflfltfl?i
tti.it uo liwa were Imt.
The Erie waa the proport/Of the Uutted fltat<_a anJ
Ilra_ll Mail Hieuirathij-. (.omminy, aud aallotl ttttt thia
u Nov. 23. a.oppiu_{ at varioiu Weat InJIa po.-i_,
uud tlicii proeeedlflg le I_u> J?iaUO, SUe arrived al that
port,aad?tflktag aata laapflflBBBBfll mbIe,Bflaaflfld ou
tta rotam tnp Dee. fl^aad waaduohero Jau.'tO. Tho
Erie wai oue of the tliient and niod BflflBBfldMM ?t.'ain
iilnpi. tn, the BBfTlM of the Coniimny. lihe waa prin. i
pally otiiplii.i"U ln traiiiiiortlug oot.ee un.l ruliber froM
Houtli An ii. i unl W..ii Iuilloa, but alao oarrlod lhe
1'uiteii BtflflM flMajB BaB naually a laige aumber of pa .
HBBBefl, Shc was batftaf wood, with iron aud flflfflNB
f-iateuliitca. Bh?wa? i,uo.l tuu_ Irurdeu, uud wu* bulll at
f. ._ii.iryi.ort, Maa.., lu l.OT Tho vmnil v.us lli f.-.-t iu
ciiKth.41 r<*t wl.lc, witn a dtapflfl of JPMm.
Aa theateumeraof ihia iim, alwaya carrf thoir own
a<lvicea aad prlvaM papeca lt M lo*poMlt_i to aive the
iMiiie.ii.f tiu-pi -u,, ,,,,,- th , ,raw on board lhe Erie,
i.ii-I nof irfh.-t -ileiail. ,-nti Iin _alhor*_l iinill the arrtval
ol ? it i.iukli iuuich rn- aome of lhe eraw at a trie
arapUU ?tallop, A pilv..i,-_.>i,.Kraiu moeivad fu.iu Ua
'?"'. '"" -. ? ' iUi? iiui |be Erie oarrlrd
%!,.?_. iiair^ <> cott-\ woi i n ii. _rlr ai.ooo.ooo. Tha Houth
* wiii bo MUbatlluiotl ia plaoe of lhe _-U_.
LOCAL MIRCKLLANY.
TMK TWKKI) TKIAI..
STORT OK TIIK M)8T rOOOBBBB.
Therr* wan very little of int-r.-rtf ilir-it-v" ia
the Tweed eaat yeiterdav, only the atorv of the dlaeov
ery ihat aattaafl tell tale voiuhera were mt-iaing, the ua
ava'lliii. -I'.trcli for thetu, and t di -er.ptiou of the forinal
roflt-flfl through Whieh each bill had to paa . Ixiug
brouglito.it by the taatimony. The defenae offnrad fre
qarat Q-Jafltllillfl, wblflh w.re luvaruibly overrulod by
.luitge DavU. The UntqueHtloa ?!l <t aroae wm nt, to the
?IflttaathUlty ol evldence t?*i prove the oouu-uta of iba
u,ii-iiif vo.ichera.
Io thi-i end. Itnbiti *. '.in-. W.ii .ai . 'aipeUnd,
u former eiuploye in tfefl Cflflflt) D pairtment, aal - I
pheit C. I.yti'-i.Jr, afltfl ? wimiiie.i. . BBflfl of
thelr teetlmony wa- lo tie "fl ? i that il wa- enatflflamy
M keep tln- voticlier* tn a .erf.iln place lu BBfl O-flBBBf
Department of the loiilioll.iV itli.-,*. Ma-voral voueh
.tb relatliij* to ibe a laiina a* Oflflflflp, laBBflflflB. D-VMl
? aii.a.il k )_a-i witm notieid IfeflflB flflfltflfl au > laauu-.
tion hi Mayor Hall autD.-puty lonlroller Stflflta about
'wo montlu. !_. ire thev wen- Btlfla '1 On tlu* luoiuing
oflept. 11. thfl oflflfl waa laaal BraBafl op*-n. with the
lack f.uce.1 off, and ft niimrxr of pflpflfB . m-. TlMt
j.aper* were propeily In the < u tody of the County -flflB*
tor, who mifitiited a sea-eh for them, l.ut they eould
not l>e found. Tim BflBB in whieh llmy were flBfl .Uy
kept wai alwnyi locko.l dtring BBB B-jB*. but rtnrmg
offi o liours wan BflBBBflM- ta aluio*t .iny..n.. W mn
vou. BBBB BBBB taken out for auv purpu***, no u.euniraa
iiiii.. ii ai kept. iml uo parti. .dar e._ IfB-Bfl. IflB ? M m.i.i-a
of ihe rn wlion r.iturued, and the flflaatfl! pi- Hafl lfl tl*?
oiliii. fl*flfl il.otvu to be very Iflflefl. ?
Oot jCMEt ll.siATK ca-*...
LIVE OK TIIK BBIBBIBi
Af the re.uuiptii-i. y**--t?*n_iy, *>l ili<* |>r?
ae.utatiou of evldenee for Iha ilefen-c in BtiMBBl entata
ca*e, Mr. 0 t'ouor coiuinued hia ? flort, to uaBflflafe tfefl
fe-niiiiniiy of l.ai.lel llttll. one of th.* plaintilT* wit
:,y iutn.dil.iiiK a d. po-ilion la Wklflfe Bfl I Bflfl
lhat hn tatfeet ili.-d in Hfl aml Bifl IfltfefTlfl l-BB, ..ml a
? ilepoiltlon in whi.-h he HJ - tmmt Bifl par-lit- BBflfl *t
almut the -tme time tn HM or tBB h mmfk ot t'ie ln
s.-riptlous fla tfea tombstom- fll BfllPfl iBtfljfll .irotbera
was alao put ln evl.l.-nr.* fot the ?ame piiip?ie.
Henjaniln M. Hoaworth, a mu lnii-t, -nirveyoi. iod
aitoniiay atlaw, from Warn-n. B, I-. eanit niu :.*d
aeveral of Hull'a itaf-meuU i.-laUve to r.ovi let.oe.
uudaaid that he h ol h'"ii employe.il fai flflflflfl Baaa to
Wttt ap biHbb. a far tfea .i*-iou<kint.ian?i ti.at hc i.ad
thua far reeeiv.-l Bflfll him BfeOflt BM HOfflea A. Kot
lotte, the Town ilerk ofCuuiii.-rlanil, I'.. f.. Bflfll DflflM
B. Ballou, tho Clerk of the Court of I ouiu.ou PflBBfl of
rrovld.'iice, R. ).. ptfldoofll sevcial BBI nut WrtttaflB pur
pfltttag ta have baaa alfaal by Kajot Baflflflfl naiiou.
the piaintifr.i ii .-i-eii fith--. .iti.'i Ibfl Bflfaaaa prapaaal
toeitaoliBh by tliem that tln* Iflflflfl of th- plaiiitilPe
bfrfhln "the Kin.'H"nrvtit..iU." Whlflfe Bfl JWfllfl BTBB in
Uator ballou'a Lundwritiii-. ;- a forgerv. Mi < UatBeW
ii,ti.,iai.-il that the aorda 'Beuben Ballou" lu theae
wrltlnga were forgerlea; imt a- the latter eoaaiai M
promiMonr notes. bonds. aad offael ?: to oceonnta -ut**d,
Bad a- the> ar.- part*of toafland court reeonfa an
o'Conoreontended that th* preiifll.pti..n .f law '.a* t<?
the i"ntr..ri, and tbat ih>- writiafla ivonbi ix- put ia <-vi
dence under^be i.iw reapecttng aa-leut docaaMMla aad
Inaertpttoaa. Judge Shtpman ao rflM.
It wan provi-d bf Dr. Wefllea'a lay-hoafeB fflr tTW-BB
that there waa a Polly Bowen, ana al-o a li-t-n Uowmi,
in Provldenee, V I.. who were ffi** dati-hten of a * aleb
liowon. No** it Ih adflaltted tbat tae Batay B..w.-n who
lubaeuoently beeame Mme. Juin. i, aml h. r sni>*i rolijr,
aerethe daughter-of John Bowe_ ; and it laannulae-1
that Mr <>'('..,-i.u? will atteitir-i to profle that it wai (??
let. Rowen'a Belay,inatefll ?i John B-iwaa'aBaUi, who
bad the alleged lllegitlmite cbild One ol t!..-.i.- i.ooBb
-tate- i bat I'.-ili. after takiun " U. w..rtli ot emetlc ana
j . fld. WOTtfe -l Ul. glob.,died antl balnnerd hor au
coiiut."'
min_cir..i_ IUT-_B8.
THK fiiN'l1 -I l'"lt TIIK OKFI.-K Bff BBBVfff
4'HAMBKIil. MV.
Tlie OBN "t l-'r:iii<-i.-t A. PBfaBer Bft, .John
Koley. <? um' np .veita't'tn . BafflflB Judire Bartmnr BB
BpBB-Bl Term.Mup,alor Court. for a: pflBBBt on the order
toithow eauie why the _e.:ond Injum-tioit agulnn Foley
ihould noi he made peiiiianeiit. Kx-Judge lidtnonda
aaked for an adj-mrnm.-nt to allo-.v tlu- .a-.-i flflfl of nlU->
catioiiri regatding tne coiulii. t of tha d?-t?-ndatit m Um
aflidiivtl; deni.Hl.lMi' Ltw:.:uc; then re.il th.* e,.m
uliilnt. tfefl a-onteu'i of Mhnliare iitiiii.tr u. all t-flpflflBB
r.itho.ieiii tueWaltai II I'aluier -uit. Mr. Towua.*nfl
read tln: auiwer of Mr. Koley. whieh B Ifefl flaflBa fld BB
the other ean-, aml alio pr"3ented an atthlai it of tho de
foiidant, .-.U-ting hi? off.r fo u.ake a ease for tbe l.a-neral
Term, and ouo <>r Rleharrl A. Hforra, riMeirln* thae Wal
ter B. I'.tlmerj llled a bond in Ihi i ..iitrnller'a Offloe,
which bad not been ac.epted. Mr Lawrenee BBBBBBl
for tbe plalntitl, elaiining thut the main qtie?tion waa
whether|the aaajataBBaaatfll tfefl DayatpCBflBBfeflBfBBBl
Ueionged to BBfl < 'ontroller. He eontended that il did
not.and ainote.i haaa tin aalflt UM aal tfefl Ot tai al
1_0, in support of hi* argiimcut. whieh *un iu thi* main
a re|i.-tilion of ti.af ni.i'l ? on-*atui.lay lanl. >fr Htrahan
follow.-.l Mi I.n vi. ue Bfl I BlBltaad Ifefll Mr. Pob > waa
the legally api-oiited Deimtv ? haiuherlani. The'"ourl
ir-eiveii iti deiision.
OflultflllerOtfl? talataaal. yflflierflay, lf. h. Rnekweii,
the bflflt-flwparol Ha Cfeaaaflflfl-bta. OBMa. Ifefll h.a iter
vlcea were no laafai rei|iure.l. >t. hflefewflll deniea tbat
th.- CQaBflllai hn any authority over him. aud will, it Ifl
Nai'I. i.nore h:i .l.-lioii iu the lUHftaT Mr. Koekwell haa
been tbe bookkeeper of the Chamberlata'a <.'tli .* Baai
liieiinau waa Cb imberlaln.
Tbe iietitiouo- tirilhth Thomai. rotirilau.U I'ulmer,
Wm. A. liootli, flfld oth. rn. thal there Bfl erueied in the
lower part of th> eity a salt-wat* i ippiraiui for tlie ex
tiii-iiiilimeiit fll flrea iii-eording tfl tfl* plan of Thotoa_
Miller, wa-ye-.i rd.iy pie.-eiiieil u. the lioird of A.d.T
im*n aml referro.'to tho Commlttee mi Btreeta. Al.ter
man Olte-idotfer olf.Tci.i a le.iol.itiijii t<> the effeet that
the cxpiralion of tlie terni of oMofl of the Board of Ai
derm.-u of 1-71 prevented rn.- -ommlttee appotnted to
inveatlgate tba fraudfl lfl tfefl Bla btafla th watd Market
ii mn ti i.ahii.g their labor*. au.l he moved ihat a i nnt
eommittee couaiBt-Ug of three membera of tm* Boanl of
Aldernien, with thr,?*.m.*ralM*8 of t -i<- Board of Anu*tan?
Aldermen, ta appolntfld, with power t>. -end for porMioa
and papara to uiv.nigau Iha allflgcd ftau.l*. t-ommiitad
in the building or the market. The reaoiution waa
a.lopted. aud the I'hair nain d AldeiuiHii . lileii.torfer.
Billinga, and Falconer a- the Commlttee. Aktarmaa
V.m -"ihaiek tno'-ed that the Manh ittan Market Pom
paiiy Im* p. ruiitt.'d to pla"' aml light *..** many aireei
lampfl aa iu_j ta dealred. lo l.a wuth an-., bfltWflM
Ih rtv rourth and Thtrry tlffh-<;r., proijde.l the ?-?m
l?ai.v pay inoexpens.. th-- _;,- be auppli-d fiom ihelr
owa fltflfltr, flfld tha work be d.m? uudei th? diroetlaa
of th.< Oommhatonet or rubi.c Woiitn rue rflflaBBBBBJ
waa adopfi-.l.
At the meeting of the Doek Couim. vnouer-. > eiierdaT,
tfea petltion oftie Manhattaa Barfcel Compeny t..r the
Immediatfl ui*e of the im-r bulldU.- al fool of Tliii-ty-_:tb
... N. U., waatrranted fo the extent of 2x24) f**et on U_8
iniiercml of Ih- pier, ih* Compauy to,|)av two !"taia of
the rent after fflfl. W. lt ? ifl B-flfl reooived ihat aa tha
Depitrtmeiitof PflbUe Work-. hai inforin-al tlu- D pul
im-uiof Do. k> that tlu- griduig ol tbe stieel lfl lflfl jt
litittv ?f the Manhatian M irkef ha.l bsen iierform-d hy
th. .Ma. k.-t t'a.inpiiuv, aud Iia.l not eonfoi tne.i to tha <*?
tabliihed grade, tbe Cooapaa] tnn-t iberefun rectlf" ilm
lIBlll) fllltfl Uflfl BiyiBfle lfl Bfl to eou.'onii It tO tkflt flf
Ihe imi a eommunicat-oo fr?m s*ii|M'riuu*nil.-utTiionie
of ihe r4fre.it Cleanlafl < oiuml*4ioii,ai4king thai tl.e w.u-k
ofremoving tlu* Weat WaVbiuirUiii Market .l.iu.p.ug
bofl-da be delayfld tor tlu- pres.-nt, wi? raferrod lo ?,?
perlntendeat Weitervelt, wltb lafltrneitoin thnt worfe u*
auapflndod ...iiii ihe wemher peruiu eomplatiou.
THE FOG AM) THF. THAW.
a n'R-V-HOAT OBUJHBV.
Fi.im aii rarly hour in the m-orniiiK Utt
uearly mldday, y.st.rday, a boavy fog {Terhflflf IJifl,
i-'ty, aud il wa.** liupoti-ible to aee bhjacta diatlu-liy half
a il.i-i'ii } Brla iu BlTBBflB. In a.lditiou, ih. r. waa j. intat
tliat aettlfitjiuou ej-e^J^iuj(. Tho " blocka" of afreel
rai-4 aiuTveh.-le? of all kicd.** on the leading thoneigh
fiirci were morv annoying than at any time uaee tho
?Bfl. flB____-tflflB. Broadway, Weat Hroa.l .kj, f.tnal
M.lTliatfiSfti-tt . aml tiie Bowery, aud tb% Bpproacbea U?
the ui-uktit- aml femec, were almost uitpa.-aahte
during the .fiU'o da>, aud tl waa aliuoat impoeat
bifl tflflflflfla tfee H.*ftaU. Ibe etn**-i? wej-e luildnl witb
miid and Baah anu '' dcep. Ou the . oith au.l l.aal
lajve.nauil iu Ihe Bay h.-ivigut^ou w..a attenucd wilh
derided perll. 'The tog waa meu detmer th.tn ou land.
The ftvei-ge ietattb of lbe Ui.Bt waa h?lf au bour, bui
oeoaaionally ihny w.-j,- rflflj mm u haaBT' ?>'"1 ,'-*tll
the afteruoon were tlu- N.un.l BBflBBBBfla tmmt 1" BBBtfe
ih.ir iiifi.1. ail of thHin having beendetayed afl thelr
way down the '.muid aud the Kait Btver.
Itiooklili atreet eara wen- .lelaine.l for aeveial hoHTB
?Ifefl uioriiing near Ibfl Atlaniic, Wall-flT, aa*l ,''1ll5'>*
.exriea h> the liuo of loade.t aagjuiaaud trueka that
I blivkefl up tbe Itreeti Then- were Lou laiaad fai-aata
ttOd othel** in th.- lme ?ho wnro obllii.-d to wait ov?w
three hour- nud mauy Wflta uuauio to ui*;..- lue iM_i*_ge
, r.t ! in*, lule in the .ia* .
About tf a in. a collialon ... enrred between the ??-*"*"
to.ia-?*- fen-y Ivoiil Moiitiivlloaiiii Ihe Bkuiih l.-iri b?i<B?
left _lB.110-e.88V -. -.1" ,v;;V._ w; hconi'al"".""" ????.
The tm. i.oala uif\ lu'X"I"0n enBued The paaaofl
andaaceaeof ?i-**al "^ n ''..Jh-b faiute.l. an.l m.. pHort
gtvt ran a: .mt iu alirui. . ^u,,, - tiie ak-aui wbinilea.
,?tit.-d i.< th-exeiteineat b? t|?. j,r..v?. ai'd ihe ?'?>..im
Tbfl l?>.iti itiut-k ?aeh "tbt-vfl. ^^,.,\ io aeraii-i'V thal,
lita'arailliiar-iuuditull wen. f^S-TSfl* flflfl oaflB-tfl
on BH-aflliliig the altp. ?he w.n* _.???****? __.
Cl__rnVp^MKT. TJtxn ....... Kf..-. Ufl . -Brr-a.
I ?ll BMBBfl hfl MB 888881