MR. BOUTWELLSJSYNDICATE.
JOSKPH PATTEIWON'S KV:CO. IMF.NDATIONS.
OBJKCTION- TO THK STNDK ATI--T1IK C.nW.ns
mknt bboold i?--al as rai u roaBtB-i
tUM-CTVt WITH TIIK PKlU'IK-H M'IM. Illl
DKHT IN LOMB BOHM AT A l.t)W KATK Of
IBIBBBBT tiik BBTTBB IM.AN.
Tbe following ii t.ie BtataBBBB. Bada Ifl
jo^pbra-UTaonof rhllH(l?i.>lr,_ Bflflflffl tttr Wflffl anil
Mt?ue tViuiiiit.ee. <'f (-.?? Hi'uhi- of R<>prc?(-titatlv-4i, .Inn.
fl, in w>K*r,l to tbe f.indiug ti flflfl r?-iii-.ii<der U O*
MflMOCMO luaii. Mr 1'attfr.on waa UMHtBBfl* BBBBtxt
uttly ttlU-r Mr. Duni. u ..f the tim. <?( BflMM. ttt BMflB
atyj.ol Une.it>, iiMlv.rttit mIiom. _t.-it-in.ut Was pub
.<-, UM.. ;.i .1. iui. iT.-.iii ni . .Li". IB
Th* Chairiuau Mr. 1'itt ?r.on, nM-uiuitm that you nn
fler.uii-i tti. aBaraflflM <-f bbi paflflflflflBBja Bf wBUB
MMBBBB flf Bffl* flflflB Bflflfl-B Bava Bm :,',J. *e
wiuilal l._t ui yuu wl-.t .v?ur t
? i_, aai afeflllaB yo bbb omtui ftD>' btt
u-r aai al ftwntitht w"h 0* txUttu oi
the t\ aai i-rtK We would liko Informatlon
OI,,,,*,,, ,,ur vrMirfl, laifli Ha BBMBtaa
law,;,. u. IBl >t'<l? fl*BfBe? I.v tlu- s,-n.r_iy oltlm
Trc_u.ury. Cf tmin-. . we <U> uot ut.ikt tlu. BBflMMf WUB
? mpw ?,f <riti< i-iiik-tt.< Baaratarji iorwii.it Baaaa <i<.u<',
but iu reapt--t to Un M\d, flhfllBM ><'? OflB
sugfc-ri : uKtliudof prflflflflfl?Bl nt OMflfl witli
th. fni... - _ ol tb. 1...H,: iiml tliii't, wBetBfll il yonr
. it laadvieal -!. I.' l>r. n. ii.i! a!'; BBd, ftfflt, I would
i,a<- to li qalre wbal ron ti.n.k <?( tba flfl thoB aittfX*** i>>
,, ,-i;ry ui.dt r tlic < \i.Mn .: lnw t
Mr. l'.ittt i>.'i - Ii ' iitiilini:
, th* i ' Um4 rcf.-rnd to i?px
poarii ln itnnir oi.icction., im Mr. PBBflaaBBBB?IBflM.
lt u-Mi '.< l.mJa vmHi ii more liiuitt'.t iiuini--r
vi i:,.,, i kmilj licld than
r .tl MmaghBBBI ai lo tt. feiTtd jviy
u-, a,. i'f_t to tlic - ul'--. iii,ci>
nr j m< I:;im ts. BBCB ll.dili'cini-:.-,-- WOUld D
i. Urm ca).it;iii.-t_ aud BBakufl U
x,u . - ? ri mv. fltflflfl ur tlu- j.ul.li.-. an.l tl:<-.
?ouM I MMfll Iflfl ix -BflflBflflB I B
aat witb -.1 vi< \i m
a prolit in that way. 1 liiieii t>t unl OM-eaaaB
Mi.uii'.it laaa n '.? i ? d towai i-ii. - - ?i ,i. t'n-inurkct t?.
Utt* bM Btl l ? 'v ;ir-' ?'-' ?
BflflBflflflflfl flflj i.i. in ii.i- .-.'iintr.. tu .1 i:i BBBBffl for the
iiuriT-M- nt telltni oi t : .iin.- IBfl laaa. IBa >>>*?>
,.,.,- , :., uo iuii wxae tin
..,.. . < ? , . I 4a, leaa
_?1 1 l>il- ct Itt ,i I : 'liilt ""le lljc eXUttingO
_? i . . | b. IW I'.l. IH.il
nl lh ? Ml!"' '"
run. . I .. :- >i ?? Ilttl< it notblng
done iiii.i. t Uutl appotntm. ui. If lUat Iflency luui im. n
tallll. rriil. i! WOUld UU. -I I .ii I-l.'I-' _"? Ii
, i by tbe plan wbloa
tmt mu,..,. ted -t> Xhe ni',!. iin.' i.t uf
,,? .. . ? I ..ml un .ir.ii.-i
iii.nt ui,..- aMwitb tb I "" thoae
tbe MiitlK-iii.- had tbe xypuoe
n.i. ll tlu ii- w Dnited --.?i.-< booda at par lor gold, aad
Hut .' or iiii-riii" r tu th.- .uni M.-iiiil nn
,.liii Ilt III' tli the I-M-i.at uli <>t '.HUlili-.
i me <m tbe bondi ?ub
B,r,lH., ITtT) ,.f lliclMlill.. ?.i6 Uol tti lii li-.i'ii
ui.iti i: i toi.
Mt. 1 - ll -t < "ii tit a.u vr i? tlmt tlic 8yndi
eaie v I ? ?':< '"?? uu'iitlii'f H.^t.-in
lu t. ..t.. t ?:.i.? ... loi ilu in. .ii iii ., tt i-rM. .ml untii
Aj.ti.
tbe bond. aub
mrn.-.l t.i. mi.1 -- olber llfiriiamcMl tiuui^.ol ..jtul
\__lm ,111;. <J tor tiiciti.
i . ,,i:.i, ii v Rma inr. raori?,
Ml. 1 .. Il.la.l Ha ..aiul IflOfWlflfllf i~U
Witli |-|.|.,:tiici.ii.il.l.- r.ui!i"li Ifl IBlfllBtBfl tlic IxmkI- untii
lti.-.i i\< <! |...v mt 1,1. or im iiaii.c i.f otiicr Ualtad Btatfli
BflMflfl ll'I I'" 't'i tat tk* ill'I'-.l -It.l'll 1 Va -ll tl. Illilkf of
? iii.- t'luir. iiiu.Ic ?itii tii*- ByadteaM
Wl.re ? , i-i thus.- ulli r.il tt, ?
l.atll'd liteatl .1.- ? -i'-.I Ht ICiirl a.f I,!"!'
mild, . ? - no prool that -
J,.lV. il I ?? ? ii i-t'iitiiiii<-.l,
ir tt ,?.-, . .i mm.il not. becauae tbe t.-rn,
?fl, imi t<, it, i.i"' aiore
?_,-. i.i , i i. ,.i une i..r i -
, bond wblch otherw laa woald aot
i ao, tbal in tli>- ial? >.r i x
ehanj ? ". ' :1.w
v .-icls t.i ]- . ' diffUae
u,, .,, .ttt. iiii,,n to it. 1
n.4\ ,. 1 iniiili Hiiit the r.,?- ii-'.u;. n
,.nt for the lhe Svinln-.tt'
:. tl. |_ inl-:,' <?ii tiiiit
aed ,?!-,. i ... Hon of tm l* u .rtiu< ul
|,y u-imii. tlu
ii,,.i, e to pay. Ati.T tl
?
Bminiiit ?>f money aeeklog luvcutment, and thla atlmu
I l.r s.,ia a,! Illl- lic\4 Lollilr llllll ,llili-<l 111 t ll. 111 l.i! 11, --.
Ta.- Ci man?B ? other qaeatlona,
i , ? " i you ap
, ? .-i ii? tti'.i adopted bj t.i<- s<-< retary t-, n>
K?n., . datiirwuKb aipantaol ttn OovenuBaal
ni im , ..ii, i "t "iu- i"-i oout (
Mi. i- .it. i i.i, I ,liil not inU-iiti t? mi.v, nor Oo I Know,
tlmt il wonld li.-iv.- t'.-ii ii taeten I wonld imt uon ag
nrove t,-.,t um itc'l ol doiui it.
i ..i , , , .:.... -, ; i-- - ; . il j '??? h it ?..-.K-tK-iil prool
tl.it j
vw,,11,1 lli.it liiuility .niur \u-u- of tin iui tliod suii
itlv adotil. tl '?
Mi. I'.iii. i ..ii? I tiiinii imt. I would tben bave come
a,?,i,, . market waa not at Uutl time
,,, ., Ic th- "in iiumi bonda on ti
,,,.,, ? ,i i.v i.i\4 ; *nd I would Bbti wMtad
ui,.i, U.i li...:... I ...ku tO I-i li i'li-.l. i-oudltniu OT thfl
BU?II von li.ive r-aid illl tl.lt you ilcaira
; i-oiiit. i aroald like to m.;uu. trom
... : 1 i
'(. , ? tO 1 . "illlm Hll. lir-MililillK tliilt ttia
?
, on propoaed t!i<. queation T wi*
ol the
a I '
ment, witb graal powera
.. movemeula ol larneamonnta ofn
? i LU" Of Clllllll-Ilt -'Hll iMill,
te to tiii'< wlth
.? aai 'illl .Uid prodCBBlB Hl UIOMVI .
, m. wun-li is .o ui.iki- tii.it
|i..rtutilar I i l"<i. by proiuoU
..., i altb ttn
-,- iiitv of the baada, nnd <?! r.ni_-- it
i,, t,t;_ - ? and tbe umi ii.< ii'- ol i
undltiom favorable
to tbi the uialn ohj.
iue- . aad i.iti.i
lic itoi.i bikI iiioney markciM, iiml
, ||, ; tlu- eountry. 1 tlo
? tu iu c ol -
Ivwerpreub. Uii nt to partMa outalde of it,
.ut 1 ii,n_ H us in-..- .rit Ui tli.it rik, uii,1
\?ii- tiu Ik al int< iii.oii. au cnor ol 'jud_:uiei.t in tlu oon
I -ui h liiit-c aiii"Uiit_ of inoiicv ir t f. dit ina> pro
,1,,,, ,.v luuutiouiil
Mi K, . t would Mhe toaak you wlu-tber .ou thlnk
I ii,i"i. :-\- tt,. -
-.-? tlM i.atC tl-J_U< I l. .11...
i .. il ln re i
Wr. I'.inci .,,j,~ f um tiit aware tlmt lr n;i<l. Tiie nciro
II w-iuiiii moro
,,-tt.r. . iaury Departmenl wi re toact dlrootly
?iiii; t nn ciciiiiii^c ot boada. Wiiiit thi
paruaa win, beid ui> old boadi mlflhl not r.iii\<?t In the
cr, tiu | II oi oollect the oalled-ia bonda, und
Iflie proeaedi ol tbeaadeol Bn i>cr eaaMwaaM bi ii_>
alBifl tn thi ? i'.<> iu. iit "I th.- "iu - -
tio nut tee .ni. iini-Mti in tiu; exebaaaaor fumJii.,.of
tbtlMr bondl ' f MU liil.ll'llll' 1?-VUi-lllll, it till' "I-.I_.tlOU ib
?aaliiilMd bj iu ii'I..1U- andlntelUflantpori
Tli. (Iiiilruini ?A-?iiiiilinf il to l><- IM l>uriMiac of tlic
trOli IIUI,' I.t I" 11.-irotlilt< ttllr- KMII oil tllC lK-rt liosMlill
Imaa lor tbe Governroaat eomiatenl witb it.-- datyto
abapabUc,wbal altamtioni uitin- tii.tinK lawawouil
yon nuggirl 1
Mi. I'attcr.oii?I do not know that I ain tBOTOBflnly
in!,,:i, Ito tiie i.-juiremeuta ol tbe exiatlnfl
latm on tiu- au
Ti.<- OBamaaa Biaaa_lng that the ByadlaaM <?i>? r.i
Ububwci. , inaiatent witb tbe cxi|tiiik- l.iw. what Bitcr
BtiotiK lli that uiarthod woti'ad you tniuk it itd\l.-.
Uot Committee lo rc-ouiuu-iidf
Mr. I'MtttTMon 1 vaouiil in.kc the law deline more
futl> th.- i"_, i it >{i\om. lf lt i.e in couforniity \_ith tiie
MMtiBg law, thaa (be laa m not v.-ry juocum. ln Iflflard
u, tbi ...;.-. _i,.-:, toi Baerotarj may co. becatUM
Ibtaanic autiiotliv which will Itltl 'Ai <l.i>. iii wba-b Ui
paa Im tba anb? rl bei t>oud_> could aa wtll, it MflflM io
rn.-, give i-.i in.'iitli- or a ionj.er time.
Mr. Kcrt - \t bett thcu ir no limllatlOB in the law t
M/ PatMiaaa WBeM tbere ia no liiuitaiion ol tht
Buttu_r.ty a> totlm.
_k i-ATii.y.hox'n nr.couutfVAtioxa.
Tbe CBflflrflMfl Wliat lcgialaUon would you recoiu
BM-ndt
Mi. 1'att. rnon-That in a very large eul.)e<;t.
ttOOttUttUM OflBBflflflB flflfl lari.'<-.
Mr. PuXX*tir*iu?Aud lbe crcdil ol tba OavflBBBMBl Ifl
Imrg, ..nd ue MMMffaflfl a_*o. ln BTCflf _< uae lt 1? u large
eutii. < t.
t *-1 bainnau -Taklafl all mto conaideration, we apply
ku .iiutA to whoiu Wfl bave a right to appl)
Mr. I'at-crwou? 1 would etpn-iw a v_i> lugh entimatc
i,i the credit wluch thir (_iovemmeut ou?.bt to have in
vicvt ot itr I'lcix-iit coudllion, lUi popalattoa, and itr,
lu?M-_it and fittuiL- leBOUtct-i. under tlic devi ro].incut "f
inc itur<i..-)iig wealth of tl.e coutitt.,. We bave ex
biiuied to tli. world reeourcea aud bav. pMfl la_U -
i-uoimi.ua .ii aii.ouiu wilh au aliutlti tnal
luu- altnacted the atr_utl<>n ot the ctvillicii world, and
Ume maiiliod voufideuot- ln ua. 1 think thal we ha..
M-aice'v .-imi- ..ni credit tbe i_._itnu. it abould haw
,A,uiiuaii<ic.!, lor liie iflaaflB that we have provided for a
uuvtoiiy ot <iur boadsat our dlacretiou ut early dlU
bt ihe opuoi. we rcUiued t<. pay theiu off. Thla b> a form
ofbotad 1 tatlio-e utiktiowti iu Europe, en-cpi a. pn
miiU-'I m onr boli'la. Tuey mrtt BtcuaUuned t.i
_n i atatm W*g i_jnd*. and tbat <iualitv <.f
,?_. u___ BB-rBBflfl b lower rat? ot lutereat.
Wfule lt waa a iux*r?*it> tliat we should tiorrow at 1'UCt'
tale ol lut_-rt)?t dunug tbe war, tht optlou Ui pay off
ui'naout to be a valuaole one, and we abould nol part
wttb lt ligbtly. We aie now lua different j_.?itioii. BBd
I do not aee Ue advanUge of auy prenpilate laflilaUon
iu regard to ii. 1 would reoommeud that logialaUon imj
?ii_?iied to oonaolidale tiie varioua bonda, \u., lo-tiie,
tE ete. by mulng bonda with uniform
rate' of intereat, and due at B IfflflJ time, 10 or
flflyaara at a low rate of intereat; tbe l"nger the Ume
ib*. lower would be tbe rate ol Intereat; oi, if oonalatent
-?i_ tbe tht-ory ?f our (ioveruu-eut-1 woUd laaue Intor
wlnal. le aiiniutiea, whicb doea not uece?Miriiy meau iu
terannable debt. ior tbe Uoverument owuld buy tbem at
_tf iiiue ln Uie open market, and with aueh * dwlam
_Bofl by lbe Oovernm- ut of IU own eaUmate of ita credit,
amU?i wonld graviute to tbeae bonda. ln aelliog bond.
tthta thai bmeatat aaceaaary or exp^lrat,
1 aaaM Ibtmb *gm *m* BabUt)
fr.r1t.fT-. aml. m*mmt**-*i m-.id.)-?.'"*. tWM a-* anl Ma
Hlde lotbl _Jfl_4*al l.-lla-'iial' tl ' *l,
Mir. ttx .1 liiB<Uliti*')i ;..t_i-l wi.t.l.l. WilUlU. y < t i.t
ii?l,.ioD..t.lf Ti.h-' ' ' ??! '??? '"?' '????"<??-?
noi ivn* luai. ?i*..0t'U..?YI uioiithlv, ol Ulfl due bowln.
M|tipyrai.' '"? ?? ??''-''' ??' i'-" ''' '? *ntrk*t,bim ?:<
..bi .1 in tl' >:v' '"-" "' "" '?'???)"???' *'?? ?*l! *?? BOB-la
f in .-i.-r.UV. I" ll" < ' ? ' '" :;l " **' ''
_it;i.n i*. uie Eur*>pe-ui in.ii 1*''. lor ?>tir 1*en?l?.
wliab Wlll I'i l_t*m?"- K wr iti.it-:.' them long, tbare wlll
1... .. laiia ti.l.l loi tl.tl.i 11. Hia- < ?.imtr\ 'll. I. al.
qorxtloi.aprtsBtaroo tbe attention of Congn-ea wt.i.h
l.r*' tcli.li!:. tti ..le.lt raaii..'.* 11, otir IllilUici.ll BV-I. III. ll
appeara tl ni'- tbat public n titittl'lit iii tli." ri.tilitry ls
teading toward ii .l.-i.iiinil tor ? ayatea- ol tne banklni,
iilula r r< l':illi i.ii.llalia.la. ilii.l r.-a-t! .< Il.'lir. Long la;.il
;it low ratea il lutereet woald ba aafld ud ... al pei
iiiiiti.-litly m tlu* orfSBlflBttBB ol liaiiHB?l im uii
HM a "fli |M'Mt tn f.illic rill'llliltl.iti- ,HHl 'lils
wonld flbaorb a i ircc nmoimt. Tbey wouii. i?- deairable
t.i trii-at eata i.-i-,. iiii mi.-t eompanlea, aad othei oaea.
Win, long bonda ui ,i low rat.-|.ii mt* ift inui tbe tn dll
?.f tti.' Uoverntncnt mu .aiiHil, iiud tlie eaaaea now njtt i
Hi.ni; in tln~ toiiiiirv and Barope, ihelr m irkel would be
aa -.Mii.- m i-iviii/.ttioii. F..r tlu--*- n.i.-.'iir I do aot aee
lbe ii*-< *-m?u.v uf proaaing tln; convenloa ol tbe due
I ik r cent** Into 10 v. .-ir!*' ,ri jht t.-iitf.
iiltnif. nt tln- 1 im* H.'toif th*' matiirily of tti*' BBW
bonda a i tiiiiitu.ii <>f aflHiit- aaay, mai probably a Ul, i i
lat, i.y wbieb tl.e debt ronld be fuaded ... a mueb lower
rate of liit4Tt'St. and lt lln- icfundili.- ot tln- ilrl'l l.j
UMBfl oi .i .> n.iiinu- ooata us bui li na Uu dtfl-rence be?
tween t aud fl per oenl for two yeara, 1 wiraldwaittotake
tbe rbanoea ol tbe n.-xt two ytatm, aad I tliink thattBfl
Ooti i imn ut woald galn bj ii.
'ii..- * ii.iiiiiiun-ixi yon'ihiai: it deairable, an aay i>-ir
tieular l-i'i-.*, ln bavfl ti 1'i-luii.iiUa; ol tbfl dabtattBlfl
tiitit* I
Mr. Patteraon if the parpoae li not to tacrnde aay
ptut of ihe 4. or 4 imt eeata lo Ibe negottatioo, tmt i..
. tuitiiic it ti. thf Ipereaata alone, I anouidtbinktb?l
- a aavtag ?.f i mtt aaal i.*-r aaaau f. r a abort tn." doe *
imt appear tobea lU-flcient inotiTe t"i Baurrenderol
in.* advantageof tbe probablllty ol fundlng at a Ipwfl
i.u. ol mii i.:st i? i.u.- tii. iit.itiintv of six- i" a bonda.
The Chairman- Taklng everythlng Inio eonalderBtleD,
whatwoiiiit von i*ii__.-t to tne i.t'iiuiiiiu-.- as- it." ''tr-'
tiniif. f..i it ti. r.-i-..iiiiii.'ii.l l
a i-oN.-oi.u.ATu.N ui- bbb aaaa mu uaM aaaaai
Mr. i'i.it. r-i'ii -Wiili'ill 11'x ..tln,. what I flfltd before,
i woiii.i naaaaaaal BflflBMatttaaiaa B the.ient mBmog
BtWma "f tiTiifonti -tid'low rate "f b-BBVBflt BBd BMB
lo pnbile Mnapetltlon la tbate nai.'or tx.-lianp- Bfltafl
. ol tbe United Btatea.? _ ___.
The i.'i.iiiiiniiii?ln ib*- i.r..t-.'?_ of fundlng tbe debt,
liovs inucli expendlture woald you aut_ori_. Hit BflctB
tuu ef tlio Treaanry to make I
Mi. r.ui.-r-nii -1 tiii.ik tbal if Iba Tie?aury Dcpart
Tiiiiit Hiioiii.i .iu ii.-* baatneafl dlreetlj, ? Tery -mail ci
i..-iuiiiiir. woald i.? lufflclent. Witli lbe wwdom and
experienoa of tl?- Oecretary, it waald i?- wall diaa*.
witboul tbe employment of Intermedlate agendea.
? iiiuriiiiiii?I <l'i n"t iiKi.'ir.' eapeelaJly aa to tbe
itit.i-M -iiiii.ii "i a_.li* i< ?-. imt aa io bow mu i. money you
would iitiiiiorlzi tut- BeeretBIT ol tlit I'rta-ury io (j-in-ud
:n tbe i>i?-riiUiiul _ ,, ,
.Mt. l-atH-r-on?Tliat 1 taiili'it im-wir. I WOUld l.-.ivc
it ta tln s rii-tar\ 'i Indgumi nt aa lo tbe eatimate "f i*OBt.
The Obalrman?Ton rtfT **?> i*s lh< fttmmk iiicuw
.llira lll. .1 !
Mr. Patbaraon?1 know uo other.
Tbe Cbalnuan?Would you recommend the aame dla
to i'i It'A t" auy lii.uui-. nt of tb. Xiiii-Uiy 1)(
J'i.a 'I" 'Ml t ...
Mr. Patteraon?1 donot mfnn to wiv tlmt 1 would MBta
it wiUiout iiiiiitiition aa to axpeodltora.
The Chalnuan?Whal liuutaiion would you makel
Mr. I'att. rsoi.-l thmk that on?-h.ilf ot one per eent
wonld i>e. iitti.-ifiit. lt )?* impoflfl-blc to expn m aa opin
lon wltb eonndenee aa to tbe i-ont of workuiK a d.-i'.irt
m.-iit, tli. iiiuctiilicry uf Wbloh 1 am BOI faii.nar ?it_.
i iiaiiiii-n-1'- 1 uiiil.-i.iaii.i yon to . uy that your
ulea ar* to tlu- t>.*?l |.olu-v >.f th" l.i'vcrntneut lfl nat to
lbe fui.d.iiKof il.? 'l.i't bayond wbal tbe i'n-aaury
D. iiartiin'iu it.-.-lf ean .liTuid by aa eapendltan i**)l e**
t eeoius oue half uf one i>*-r eenta
Mr. I'aM.T-'ii?11 lalmpoaalble form** t*. ?-st un.ifo with
preclalon wbal lbe eoat wlll be, bnt I bellcTa tbat wlll
.i.MIalilla ia-. I--.H. .1 Xl.t-Ii'lilllt". .-Ui ll UIITU|t
inenl wonldattract largelj th. oonfldenceol tbeoountty
ni tii.it uii'ihoil of iiiiinir buataeaa. ?u?i woald aitrm t the
j.. .l.i _ <>: bonda to dlreel porreapondeoee wltb tb. *."*
.laiii.-iit. Knropean bankluii hotisex ha*.. aa.'.nt- "i
purtuen realdent ln Rew-Yorb, ln almoat dailyflorre
apondence. (A.uli- to -Mr. Huuruu)?Am l aat Bflfliaet,
Mi. Duneaa 'i
Ma Pnaaan Taa. Pir.
Mi. I'a'.UTMiu? Their currespoudenco ls cou.tant by
meani ol n.aii or i ?
Mr. Duiit.in?u.v meau ot eable almoat entirely.
Mr. I'atieiK.'ii?Aud thf uiou.-y unirkoU of lxindon
-. M-Ynrk ar?- v.-ri- n.-.-r -ml ln qalek lympathy.
Mi. Kerr (to Mr. Patteraon)?1 bave Uatened with \. ry
ttt ai plflBTwm io whal roa ba?? baaa aaylagi and liu n
an- one or two queatlona whieh Ji-?\ ?? i.. en .ufrgt-sted to
mv in.ii.l .i-M'.i liaivt-I.*-.-.. f-oinir al.niir. Wlll vm. tir-t
.?? lu your Judgmenl it. would be practlcable J..r
v. inin. nt Intba ln.ilter.il.li.taii to -mt thi* lo.iIl"ii
irket, ?oafl iu briiiK* it int?. ta"U" Bdrantageoui
ii.an with the l'*-"l'l', an.l with ai.ilal ai.tl I..I
itlnTeatorat Vou aay thla mode ol .yndioate or
gaalaatloa la ealeulated t?> reawtfl Um Oovernmenl
iai trom flufflclenUy iio.-u relatlOBfl with iu
' i -'"' -? ....
Mr. Patteraoa?Tbe tarmi and oondltloni made wltb
th- .--yu.lieale \*.i.' imt kimwn 10 the general jml'lic al
ne tbe negoilatlon waa made. I d?> aot ?
tbat those wbo ik-.-ir.'.i t<> bc iiiv.r-ioris la United butei
- aere adYlaed extenalrely *.r genefally tbat tney
? tuld i.uy n.-iv 6 par eenta or eoar-ut old bomla utUi
th.tii w.th lln- atlvaiiliii-t uf tl.n-.- ii.tMilhs' ml- r. -t, md
tbal liilt.riiiatiini Imiiil- t-ntitlii.-.l to a lnniteil niiiut.. t tli.
inui k. t, uf oonrae, w<kt> Itmltad, m> _bi aa u.e unaaaaafl
tiu- markat.
Ihfl * liairiiiiiit?If that matter Iia.l ln t D klmv.ii en
tm iy, wonld it uot bavfl a_betad tho HtflflflflB of tia
uueratlon I .. ,_. .
Itr. I'aiK-rxon?T ain of oplnlon that It would hav.
affected itaerloualy. Itwaa beeanae largi bnyor* -..|>
ini-.il they were gettlng tbe bonda al lea. ti.ni their
al tbe time ttmt Um flaloawen maik, and heaoe 11
ta pi ?p< i >. n- ? a popular loan.
Mr. Kerr?Tben n la|correctlly lati rrad Irom what ro i
bave aald tbat roo think the Uoverniaent abould iiini
in direouy, tbrongb ttt owna otteera, openlna Ita
to the wboh) world, ao that all peoplfl aiiouid u-c
a in .ti worktag i
Mr. Patteraon?I unnk ih.it it wonld !>? i mrfl ooa
- .. nt with tiie. iliK.iilya.-.w.ll Bl Bltb tln- inter. -I ol
mutry to do ao. I am noi prepared lo aay tbat 1
iii.it large traaaaeUona would lmmedi?b
i . ..t iniiii. tlmt .mv .*>--??a.'iu'l be inatalued lf
Iheydouot. I think tbal ue oondltton ol tblnganow
developing ln anrope will afltracl attention tooui eoan
try more and more, and u.at our neiliiwiil in.- ribini:
tbere.
rhe Cbairman?Dojron tblak now that all tbi
d,tiuii- of iba. .-ii.i.eai*- are known, tbal thi
. . ? vt ii v?.tli tlu h.-ip "f Ihe llulii . Iiil.l- I
Mr, Patteraon?Yi -. Blr ; to iell I per eenta only aud
i...... i aUnllai arraaaeioanta aa to paymeala.
iaaa aiaaiaa
Mi. Keil. y-Vou liiade B puiut lhat tl.e olter to lii*
hoflflfl iii.ur..t, pflaaaftflf tb< 8yndicat? arraugement, did
auive tbe tatffl -aoatbfl"tataiaat; it jot
thut. lf u.e optmn wan gtven i<> OBf baakfl aad onr
cltiflena vuh thut eleroenl dlatlnetly announeed, any
rouaid* iiiin* h'.iiit market tuuid aow bfl tuund fui- our .
,t bonda 1 _,
Mr. Patteraon?Tbe movementt of money alpun are
...iu. titnen very nnoertaln und eaoeatrle. aad ?? bn
a hy rondlllouH .? "I relatlom whi roa iniiht
i i nion .:. rdei i" oronounee
.a i- bI mi traatwflrtbyi Toa tn tpeakiag
luiw of ti..- eimtinj. banki t
Mr. K.l.'-y? Yea; mibiiiittingto thr* American peopie
tion i" t.ik'.- tuu- loan, and d flklag il elaar to their
? t _at tli-v, tuo, nhall have the tbree montba* ln
ii the r .ia- ..i.- uer eent. Tbere li a Iproportlun ot
our bome market that mlgbttake advantagaol .utuu
nropoaltton. I mean th.' bauks.
Mr. Patteraon -Not th.-. m-uhk lianka. for they havo
more profltal lfl aeei fur tbeir money, and deferred pay?
im ni would nut preflflBl as .-trouK ao Inducemenl lo
tora aa io largfl baukmi. bouaea, na it
1- genflraily money on baad the former wlab to ln*
m rt, tmt lf the lliduecmeiit of a l-nlueid priOC for the
bonda equal to tbfl valufl ot tba lattraat, aay for yo day--,
? it.-ied llii-v iwiuil.l ui.tli i.-taml lt Ix-tt* r, aud it
would be more attraetlve. i tblak thal tbaifl Ifloone
. io pr.-_i. the loan uow, imr would 1 biuit thfl
market to tlnr. eonntry. The Indleatloni ar.- everywbere
lliat tu.'eredit of uui (_u\. rniiit nt i*. rialagiallover tlie
world, and we abould t..k.- Iba beal advaataga *.f It
Mi. tli rk?1. ll un BOW far you thiuk, Wflflfl Bfl lo allow
free banldnf tn tblfl touutry, taa bos4la of tin United
would be taken up in that way?tha live per BBBl
oi i"tir ia*r cent bonda,
Mr. Patter-ou?I thli- lt wonld Ix* BBBBm to au
thorize frer- baukiiig u ii.-ss under eertaln Umltatloni
amt i. fltrlettoni oonneetod with it. Bul if you eatablloh
a lyaa ui ?f trt.' iiaiikiim reaulring the depoflll ot Dolted
uouds to W'tun- riieiiiatioii Bl lOW later of ml* r
. -i., naialj am thaa 8va per eent, aad wltb loog tiu.*
to ran, guarded b> ?? u of redemptlon
in the li.-i ii cltle* (wbieb I tblnk would be eaaei
luu would hav. Ii.mkf ui?aniZi'd ju-l M Ihe n.?<??
OT couvcuit-uee of eerlaiu loealitles reijulred th*ui, au.l
u.t inueh ntore than thiit, beoBBflfl taey wonld bave no
graal Induoement ln tbe low rat* i of Intereel merely to
u.ake prullt ftoiit ' ireulatioii, aud while it Ifl lmpoaalblfl
to raiaN- what auiouut of boadfl w.i.il.l he taken
II would be lo au auiouut that would B_foc! the in.a__k.t-1
pn.*- bem tiei-iiv aud bxtaal/ rapBart ibaa. i tfldak
.i.-u lhat e-iutitig baukri muht witliout lii.iu.ticc ln- pai
lu tbe poMtioL iu whieh they would -t-e it io bfl to their
?ai\aniaife to tak.- low Intenat Im.ii.Ib at attfltfttflflfl.
J iu n- woul.1 b. a peruiaueut runUug-pluiie lot a lar.,.
part of lahe (1. I't.
The ( hairiiiiiu?What do you think of proiidmg liy
law lhal exintiiii. naiikei- ali.ill < IQhBBgfl llieir preaeut
Becurity for low. i lutertsi aeeuritlai I
Mr. I'atU-rMin?A eouipulhiuu to do 80 before thr ma
tnrlty of tbe boada tbay aaw bold woald lavolvfl an la
juatlaoe to tbe baaka, aalaaa u wun aaaaaiBaalfld i>y au
. i. .iitl.itii.li ll.UXi f_.li*lll.|_ l.uni. lth tltal UotliU ioUuJ.U
uati- for it.
i he CBlflllflBBB Tfl there anythlng to be *-,ui.ed B| Ihfl
(,u\ et-iiiii.-ii* by lhal uih ratmn 1
Mr. Patteraon?>'... if the relief (irauted ux equal U> the
iiit*ie*l IWdaaad. It uilgbl anuntoui the |i-ople to Ihu
itloa of ioviei rateii of iuureat.
IBMBBM T AM) MKfcC-T .OMMIBBIOMB.
Mr. lliirebard?You BBUBflflM that then- ib no llmit
und.-r the exlBttii-; law a* to what uiay be allowed in BBfl
way of eouiu.laaiuii.
Mr. l'iiii.-iM.n l aald that the authority under 8884-88
law wblt-h eould de.fer payiuent without inUreBt for
thr. r- uiouthe, iiiiK'hi be applitd to do ao for a long. r
tiiin.
Mr. Bitrehard-Auil in that way thi Cluvernment oould
pay ludiitx-lljr a lurgt auiouut of ioium__loii, could it
uot I
Mr. I'ittua a-tin-('.Tlainly. Wh. l her m lbe form ol
e.uiiiiiiBBiou or not, It would l*e a tarirrr train to tbfl pui
cha_t>r of the t.ouu, aud a eofTeoBoudlng loaa to tne teiktr.
Mr. Burcbard?lio you thiuk ll tlemiaulc that thnt au?
thority should Ix* Iiwiti-.H
Mr. Patteraon- Y?, Bir. It ls au nnuatia! and oMee
tioiuahle iiiethod of wtllliii.* Unittd btat* s Ixuida. I kliow
that a U-<-*Miiy for it la m.i<1 tt eil*t in the reijuireinenl
of tii day? uotiee. to |nay off tn. nialured ? pt r cenU ;
but lhat dirUeulty, If it be ouo, ttiigbt be BOt is flflflfl
otber way by comuieuciuK lut. re?i from Uie tlau ut pav
im nt or . n-haiiK*- lt U an Indlroet m. th...i nt jriving io
tiu-piii.-lia-'i an advautuff. whn b dooa uot appear on
tbe face of tlu- trauaaeliou.
Mr. hnrcbard-It worked no fllaturbanoe |fl tbe Iubi
neaa of the country 1
Mr. Patteraou?I donot aee how that altr.ti the quea
tloii uuder .oua-i.l. i.iimii.
Mr. liurch?ro~l8 u uot aa advantageoua to pay th?
.otrimi-MOfi ilir.rtly, ln thut modc, aa to pay a direct
l-., Ii ll '??'-Hllll
Mi. PatleiBOB?ItM iii'piirenflv,flflB imck' qiicelinn of
ii.e'. mor. advautagcotia to tbi ' to pay lt,
Uv, t.< eaaM Fa thi om i k*e II would ba an a. tnnl
j.u im i, ol tiii'ii. v "ii- ..( tt. Th i ir. . md m Um I'ttii r
. aie .; a ild be oal] ? ? ' "' ''"'
thi -irt. rw.-n ?! not
be need; nnd. tiu rofere, it do. ? not ao apparenUy mrolre
.. io-. to ihe Governmi nt, aa Uie paymenl of a oommla
Rlav i ' ci, iivalciit Vi-.liic would, Imt thatftflWflBBB flflfl
. , !.;c ?'. 01 to it.
Mr bu tl :;., Vou I . lii-ve it d.Mriilili- t<> 1< avc un
' -:,, ii- .-lli uf ''.me tli.it tbe iii 'in v .-_?.. rcmrtln on
depoalt?UM li ii'-".h ol BflM (01 BBBM tln- flgMflflflflBBflBa
ruti I , , . ,
Mr. IM" r-i'i. -No. Hir. 1 th.nk tliat it wonld BM '?"
SH'c Ol ptt |_ I to dO I ll.lt. ,
Mi BurcLai I?Than lino-oMlnaaflwlBf tuaiBMflflB
111 !? 'i.r-'.n?ItWBflB -BBBflf totMt*9*
or longer by the p,ir< ?ttttt ti .it rave bim an advautafl",
and tf it waa nothing moi*..it waa a loan of rnoneyo;,
tiu- tJov. rnmenl foi rlthoul lnt< i- at, Iha (.ov
ci iiim nt n! Ihfl BMBfl ti.iic pa] Hfl iBtflTOM tu.-rcoii.
tiik -ni.. flOfln - hi.i i M Dflfl MM MUV tiik BBEIBB
Mr iitiit liird?ln thal u|. i.itioti W* . flflfUfll Iroucht
iBtBlflflOBBtry in n. lian.-. i f l".:i 1-, or Ma.. tliere an
cxiii.iii-.or i-oiid.- tflBflflflJ. ?'ix i -'-nt- |m iparflflBtfll
Mr. PaMflflflflM-1 BBfBBfl -DBBWtodffl i.f lhat I
tli.ni whnt any fltflflfl (it'.-tii fo.il o'-tiiii; Iwasnotiu
*
Mr. Burchard?la your bvpothealsof Uiefuturch.ia.il
on tbe ulei tn.it there wlll be abrtngtng ,,i . apltal to tbe
. nuutry .i, . ccbanjn uf bonda; or will it b<- u MmfM ex
(h.iiik.-. ol bonda 1
H, patten u?liuppoae that tnbatantlally lt wlll be,
or could be, Baada largely a Mmp-fl exebaage ot boada:
ii woiii.l niituriillv i:i_c tlmt i oiir.c. ,,u,| l thlnk thal all
i< d wlth it wonld t-iiiieavorto produee tbal i> ault.
Mr Bun ii.'.nl- Are than aol tt tn my Ipei " nl bonda
hcid abrtM in- are ptepeaai M bfl M Botiatfld By '>'?* bfU
un .tt. i
Mr r.itti noa?I th m_ t-ii?r there _r..
Mr. Btnrhard?Wonld tt eai beaa fld.f__.taa> Ifl ?B
peopu to .ndua.au flfflBimp oi tii>-i iperoaaUlBtol
per, ,'iii.-4 ?
Mr. l'atteraon?Yi-s; provided we rniuint en bange
tiicni on anj bettM torati to iue Qararnmeat now or
aonn. , .
Mr. Itnrclu.rd Your propOfllttOB 18 t<j !aai\, :hi .-'? bonda
t.ik, i in tbli eountry 1
Mr. l-.iitaTi.-ii?Not to liniit thcui to thll eountry, bat
tlu moro thal ure kept bere the better. [would make
bonda at a lewai r.tte "f Intereat. eerulnly leaa than l
per cent, aad to run loe a Bxad, abeoiuto Ume. Permit
me to preaent an llltutratttmM tha fldrantagflol long
tiinc bondi ni oommandlng hlfber iirin.-s. Tbe cnrrency
i.oiid-,,, the Oovei iiii.-iit an now sellmg at both prlm i
ji.ti iad Intereat. (A.-ul<- M Mr. Houtweli)?la it nut _o1
Mr. Boutwell?Tei, both.
M:. r.itttr.oii-tbay are now Mtbiifl at 113, _: wbieti
rate tbi bolder receiTee about I pei eenl ln enrraaey.
'Tn Mr iiim,-.uii?Am Icorreel m my ealealatioal
Mi. DunCAD?A litllo woie than. per .iiit, . and a
fraettoa. _^
Mi-. Patter -on-Noi .-? much fla 1} earrency. T_<-cx
j.iiiti.itioii ,,t ii i-, probaMy, tnat (baaa baaaa bwtt U
yciirs t" Illll.
'! bfl < luiiitiiiiti PtoBM to ?tat*> tliat ngaln.
Mr. Pattenaa?Tbe United Btatea _ ptt oenl ""?
r.'iii v bonda, bat Ina ll yeari to run, ai
Ufl, a pi i. ? which .!"<??- aol paj IBfl h"ii|.-i- ijuitc .'-j inr
oeut IntereM ln onr.
Mr. Bct k?,\i,. man] of them o_.-i.-d for tale i
Mr. Patterion -Tbey are being bougbt ai ?
day,
.Mr. lloutwi i.-Tiie length of rnne that tti<-?< bondi
iiim to run bai certainly toxot effect npon tbi pr_oe,but
is not the ingti prtoe of them ehlefly dat t.i the taot thal
tbere to a general expectetlon thal befon thi i boadi
iii.itii:. . ..i r, ncy will be ai good ai gold .'
Mi. l atterton?I do not tbiuk that enter. largi ly into
it. The .ulv ui nr. of lonfl tbnejof having a plaee for m
veatmeata of truM funda for eetatea, is very p
tuiuk tt ibowi tbat we an lalllni onr bonda nl lower
jirn . I on a. oount uf tlic foi.u in whii.ii thfl] .
With Optioni :t1 IBOIl tim.-.
.Mr. kciT?. irrylng \..,ir miad baek to tbe anggeiUon
about free buaklufl, I woald ,ii-<- to knon wbetber, ln
, odgmeat, iiut lyatom ol fr> ? ba _,i .
divoree taa vriscet eonaeetloa between tae banki ind
iiu-!iiif> "t ne,nt ciiueii'v-'ii.ikiii.-. a.r wbetber tln
banki ihould bi allowed to hai. acurrei
th- depoalt ol
Mr. nttereoB rbey ihould be illowed to '
curreacy by depoMl ol Ualted Btatea boada, Witbout
that pciTllege <.f nrentotlon there would be no Induo
tn, i.t !,, , r_.ii...'- banki iiinler the Nattonal ? bat
wben orgaalaad tbey woald in- uadn Um Btati towa,
Ibere are Btate bauai aaw la aztotaafle u many at tta
St.Ott.
Mr. Duncan?Free banking, ai I iindcr?tand il
adoptlon of tbe ayatem formerb piireuedli] l
New-York, wbicb allowed any Bank " obtaln i ii
te aay exteat for wblch II cnoae to depoali ...,,,
:-,\ wlth the Uovcmment,and Ui comlo i
of Ita i,ii-u.' -?- ,.t ,i- perll.
Mi. Pattereoa?I naaonlj luggeaUngtbal
tend the market loi i uii.-u (Mniea bon
lyatem aonM reqaln eertain
to make Ic uaafal and aale to tbe people. l tblnkthat a
uw rate of intereat on boada would ha ?
ii._ ,ti d i "ii- i i .m ve iiilliuin . -, ai.d ' l
/?-.l to any great extent beyond tbem
i-oliV. Iil.l,, , Of tli'- publlC, A -Ui 1 ..i.ta-lii Ul I'
tion rn th' Faittti ii' Ith i wonl;
tn view of a return to a ipecle atandard, whn ihould
,\u bc _? j.t . icomi aeeea.
A iu < i I<.N IV mi BBI l.i t" IBT BB81 Rl I ''
Wa--iii.n(.t<in, Jan. r.'.?'I'lic pi Btadc
MBflflfflflfliT BflBtwell yeaterda] mi i - ? twodliUncl
svinli. .it?-- - oi,.- i t L v. Moit,,,i. i. in- _ muie Marl.
iuim a- OM, ami im x'-i, Moip.iu .1: co. , t MflW'Tork, Bm
ln. iirothers BOO., J. B M"l?'i:i ,V I'o, iliil Ml.i to.
aCa, <'f l.oi.<)<u.. fot .-iiii.-r tioiwent orallM
niaini < nt bondi i bi otber
i .; ii i, ...i- bj Jaj .l" '? ? re tt |iorted i"
l wlth tbe l;.>t ne ulda, for noo.oon.ooo. Th -
, l 4i-ai ,i aii ill-. illlli! Bill i ,l llii-e.
tne BTaj - and M< aaa < ? ? Tu.
>. a. 41 ill'li tlic -11':, I - I 1
BBOOKL. -fl l BOJPO ED < u.\KTi:i:
I'nr t_M I'l^l ttn.*' BBOBthfl tl "? ('(iiiuiiittcc (if
. ? iiim. Ireil in liiook. n Im- I-.-. n Inn lat -?
a new cii.iit.-i tot IBfl eiy, aiul ilu-1. -'ut al t:.. li I
v .. i? pr ,: fa ,i M thi ? '
Btate J- _-i-l i'iire MNBfl 11 Tli-- ,t. :
ti BflflM in tln- < liai'- . Ml UflWfl]
I .i new vi.irds are iri.tt. I i.y the ooal
the 'J'ouiiT Ol ? 1 - - i
li.nds. .unl i,i:i\..-'io'. li ? i.i.-iifi. Tiie
? \, ;,,,-i. r la 1 "???? ii,- 'i.iyni .ii,ii Board
M IVVllBII ii, MlM BflMM
Coniitil. The Board ol I
Aldenflfli M '" . '?< ?' d .
] -. .:!.-! tbfltl '?? 'nl"-li.-ati'.n ll ' |
Ii illll ii
IBl meahan ol tbe pn -? nl i'-. ir.l ihaU 11 i
i-74. 'liie aldermea -h-iii alao
?ii iai i-i \ .|. - ti...! ti:. M i ror,' i Corn
i oaenofBtreel ,W xt* jatti -? iwi ra .-?? ihall beeJeeted1
ii'iai flll "tln,- uth'.-ei- ahall 'iu. of
ofliee of iin m.ivoi mil i.< ml- of departmenl to bo electod
? - for twoyew
aball be loi "i,<- t.-.u. Ibe Mnjror'i nnd Oontroller'i
no,(wo per mu,uni. lt li alao provlded
thal Ui. termol tt? > "t lhe pn ? nt Board ol I
ipln .... Janaan I, IB7I, wd Immed 11
after the Mayor ahall nominate, aad wlth tba
i unieat ol tu<- < oinmon < Soun 11 appo sl i prop. i i
lo be tbe head of tbe PoMee DrpartmeBl M i i
llO.uoo, tbui leglilatiBCout Uu otbertwoC mt
ilaru - ol th>' foro* ar<. named ai lollowt: C'bu t of
Poliee. i - i" rlntendent, > ? ? .pi _n .?- >*? l
. - i- ? olmen, *i.<.???, ( tdel Cl< rk,
Deputy Clerk, li.ion; Property Uerk, ti.'iov; Bteao
graptuc Clerk, pMO; Trflfliorer, .'.'."??, Polici Burgeon,
ti.'itt'-. i :.rk of ( lucf. tlAU; UTiri (.'.-iptaiu, |1,1W;
Li. < um < Uerk, ?_,,..,. I."". in.,1,. ioov.
Tbe Board of i.< led and tbelr poware flie
eonferred npon the Poliee Commtouoa. Tbe Board of
( it> Work- ia ai'iii'-iici and .i < oiumi-Moiii i ,,i Btreeta,
wii'< i and _h aerage la ta ba . ie< i< d ut tn,- ni x. i.-. n< rai
c.ei ti,,ii nii'l .-vi i f tuu yaan tbereafiar. n. totoreeelve
a utlary ol lu-,.-M p. i huuiiui aad te perform all tbe du
tlM now aiiniei the eolitrol Ol tbe Boaid Of Cltj iT"lli-.
Tba Aadltor to to Im appoiated bytbi Mayor aud 1
i-t Al ilu mea -<! a s.i:,-ii > <,t i.',.?ai pei aauuav, aad Bli ua
liei ahall oa to axanila. Ul lagalnaiuie city and cer
tify the aauie ireloi' BM] in |u ,<1.
ILLNEi-S OF EX-MAYolt kAI.liKI.ITX II.
ThcilltiiKs ot c_.-.-Iay<>r Kiillilli iM li iu-.-um. .1
a very ni,uiii- fl^flM on ratunlity iuoiluil-. flflfll l.i-ili .iiii
n .i- tiioiiH iit.iiia) ci,McU.-d. llc i.ai iiravely battled
ai. ai: -f tl.. i.,.-i.i-c, but aplM-arcd to Ix-tolnc . oliiiiiccd
that bfl tinist luet'Umb, and lns fannly wua aummotu-d
t i tln l.iil-i.le to Md Wm far. vicii. TbflMMflBMM tbi 'I XJ
ii- remalned rary i?? aad .i.n.,,-t unaonacioa , bat
iiiiring tbeaigbtm fell latofl paaeefuJ ileep, aodwai
paooouneedaomewbal betteryflaterday, Eryalp.
ii-okeu out on lns' aea. faere ua, _,? uotutvllbU
?bflBflfl in lua .i,_i<lr.ion last Blflbt,
TOE ITIlLAItELl'HIA COAL ( ONTE-T.
I'liii.Aiu.Li-iiiA, Jau. 18.?A ini't ting ?f coal
o|m ratorn waa heid iierc tnir- morning, aii(| _roeolutlon
wae adopti tl laTtttBfl the IBtflUflfl t" JMa with th<-m in
the conteat with tlu Reading Hai,road infleeal flflMBJM"
nlca. Ag(iacr.il ?flflflflflfl waa flflarwaN Iniii tn IBfl
I'ommeri iai Ei< bauge, whereat io r''.,n,r_ aigned tbe
conatitutiiii, of a Coal Pealera' Bxebaafi prapoaad by
IBaoporaflara. Tiu-te.- fnr meaiBerabip t,, vaimieaaie
dealerili t.t un,i to rt-tuileri Iio. Mi. E.iia liranaou
|,itnut_, al li.. p n* i.a. u.i i Uflff,
THE BOWLLS FAILL'KE AND Ju.-EI'UINE M.\N?
ITLI.Ii.
Bostox, Jan. It JoatipMBfl Maaaidd,
through ci-iinael, haa aita<ii<<l ilu- pflflp ity ol RfltBBB
Aiiplcton, ut .New|ior-, lt. 1 , to the iimouut ,,r |_o,i??i, for
tbt-loaa of H'J.SWI, wh.i-h i-tie depoalt'-d trttk Howlie
?flflfl.fflM BBfMfl Uu.r failiirc. A htariug ol lhe tuat
wlll be bad in Apr.i.
Tl-XtfiKAMlIf N0TE6.
....The iMftaflBtiMB niii,i<,_;!io in Alabamu coti
? Keveial witneaaea pave ciiinulativc teaitaMBf
atti.' W Laii- - ti.al ai li*.,.,.., ,?at .>>? uiOi,. -u; ao ata faria atrt
U, ttia p?U.
...TheTi-ineee-'f LflgklfltaNS '" -(""t heti-iui. Sot
BWlar ak-a-tw) ( M.(,ri,, al.ei_i,iai fttrtum v'hlatt. 11., !taii,__
opanural araa ( aaa. I'i La.aoa a _tf|_.Li>ta_.
?. ...Kiijiili Jotdaa. BBfl ol tba CflflaBBBi tt MflBBM
(Wbal), tta tul. a__aaiaU__ ^i.tal. tiau___ta. L, L_j,ru? kiaaatlf U a
U*. aa, litkl a! Ua i?__. L., ia
u.i,_< hal_j-a,. ., L?_t._a ki-MMlf I
Ca.Ua.ti Caaaa. -..__?, __a.!a..i
TAX-PAY._TtS' BURDENS.
ElEMHUNI I!l iMH AM) MORTUACJKS FKOM
TAXATION.
HEAI. E.TATF OBmVBr1 VIKVS.S? PKOf'KKTY NOW
DO0BL1 ta.xkii? Hl il.DiN'i U-T-BU-HB l'K*'
M(-TKI> ur THK KKIKAI. OF THK l'UESKNT
STATl'TK.
In vii'w of an <rxpoct_r*<l anim;it-*i, (li-oussion
in the T/iglnlatiire, dtinnc Ita pnwnt aeaalon, on tho
qiieat1on of cxemptlnic bonda and mort<ra--ea fiom "axa
tmn., Tiik Tituit sk hiiB obtaliiod tho oplniona of pmnil
ne'at real e*t?tc owne.ra reganllnK the proposed rnca*
aXjm, aai alaa tta aaa paaa a al ttaajaaaalfla aafotaaai
nn. -? aal Winti-r, when a bill of exemptioti waa BBB. mmi
at Albany. I'.-tltions bave been llberatly t Irrulat.-.t
thruiia-ho.it ilm clty. PBBf-Bi thn Le^lattire BB pu** 188
finiBBlaiiBaalBaapaattaffiaai u BaaaaaafllBBaa by
hundredx of real .state ownen aud otbe.rs lutcrestcd in
the dcv. lopllieiit of tho rfsotl.r.s of the . UK*.
C.vnis ciark, a larce real .Htate owner of thla clty,
wb* n \i-lted hy a reporter, on .atiirday, 888888881 thn
oi.iiiion that tht matter was of vltal lmport.iiie.* ta tln*
itiatcria! i....'.perity of the city aud State. He e'liun
thnt lt is double, taxation, aa lt taiea both land aud
ltiortiiaK'.-, when, m faet, it lafflBBflBlfl only the land.
Bfl *ayi* that biiilders nnd pflflflfl (ntcrcstcd in elfy
inipruv-uieiita tlnil Kreat diltlnilty ln borrowlni
uixii; inorfK'ai-e fnr fear of taxation. l-'or inataucc, tlu*
tax upon New-York, last yeur, wa? three per eent, and
the li nd. T, !.. |B| lin.lte.I to -< Ifl n PN e.-nt 'II a.eoillit
of the u.-ur. , m.ly four per cent net retiiuir.ed. It ls
e.ldenf, he sald, that no one will lend money at four
\wr Bflfll Mh.ii hc can buy railroad MBtfafflfl
Im-Iow par, whirh pay Ha aame Interest and
are not matteri of rerord, but can easlly be
DflBMMfl-M frum the tax assessors. Ile ean also
buy (iovt riim.iit bouds, lutcn-st and prlnelpal payable
li, faltl, wluch ire also free from taxation. It is pl.un
that peopie w;ll i.ut .nvest ln niorttfuges when they flM
buy other se.iii.tlc-. yieidiiic u hi?cher rate uf Interest.
Tlio consequenco ls that bulMcrs have gre.-it diffleulty )n
barrow Inif upou a murtKuirc, and havo often Uo subniit
to a 0BB_BBtBBB-B er BNfe. laffl Bf from I Bfl 10 imt eent,
whieh l-diMilcl between the liruker and ktnder, lu ir.lci
to protect the latter aiMinst tiixatlun. If the lux Ix*
taka uir, money tbal ta aaw nai wflflfl tt la taaafld Bpjaa
BflCtaaaflfl und railroad bonds, thereby csc.-ipinir tax
itiluii here, will be kept in the BflflBfl m.-irket.
..ud bn u-ed for buildliif- purpose**; and thls In B Bkflrl
tlnu* will more than eounteibalatic., by laflflBBflBd value
Of I'iupeiiy, an.l re.luetioii whu-h may ae.-ra*- IMflfl BBfl
BSBBipttoa. E*m*xJ*nty kaa dzawa larfely_roa_ aaia
jnr-tiDn-, .uui BBttipfllfliaafltflflB af pofalatlaa furti.e
l..irt few years, BVftBf to its liavitijj .?x-iiiptcil flflflffaBflBM
in the fuill-tiiiillitie.Midjaet-lit tfl ."SiwVak. Mui h.i'
i>. i b mbm gfpjaflMaa n Ha farmiiu- flaattoaa. bai ihis is
faet il:-ap|?:irlng ix*. the Sll! j- el 1.-* b. eomllil.'b'tt<T U_
der-tood. aud it i.s v.-ry lik.dy that Gov. DiX*fl NflflJflB
IiK.tiil_.ti..ii wiii M it'h pt.d und the tax repealcd. It w:ll
ba better, baaa wb, tt hav ttfl aat laka tBttt on Jaa. 1,
- the tax list.t wlll soon be made BBi ttt ttfl y.-.ir.
J s . i -ll. ? 08 nn: TAX.
W. IT. Rayimruf Nu. 5 I';-,. -t. >-.i\v ttfl foDOWlag vcrv
int'-restiij" facl- : ilie law BU-flMJ Madfl an.l BBWtaaaM
iiOBfl of ttfl mo.-t BB ? ??? Bl I Bl I -' BXlflt-BB 5 BB Wlflfl,
bflflflflBM it turus the llood of money frum E(-w-Vork and
oflkar atatoa to bfl loa aod aaan ttfl laa taxta-rbooda
an.t i- xi baaa ala -iy repaaladi anjaat, b?
property ta ttankf aaaMy tax.-.i. Ha Mata
ikOflld have BB BMtfl tttgrni tt Afl this than B ' redltor to
demaiid of his il'-lilur B ,loiil'!e . avuieiit flf ttfl BMM
di?'.[. I thii.K New-York built more liouscs '''' JTflBM B8B
than K is bafM-Bg iiuw yeailv. It HBfl 'hen ttfl BBBttai
lur . _pt___totfl| in.-iiranc.' and trust IPMpaBtMttBflBkfl
- bflBB-B i-oinpletioa, by mivai.. -
the bu.l.lli.'-s went uj.; but th,- .uslotii lafl
I. At tliat t .ii-o it was
an BBflf Bttttflf fur Bafl tt PBBCBH u
Iaaa aa a baaaa ar ttfl fM aaa-kalf M lafllblnbi af n
valtio at a n a.-uii.-ible ihar.e. It I.s Iiuw a dittli n!t mat
ter to li.isc more than 40 per c nf BBBB Bflflfll i'lup.il.v
| fr.'Tii 3 l_ II pr eent?. .-hai aM ln ono "ay or
.iiiotLcr. Kl ' aay now loaned upuii pio|Hitv
i-i by life u-iii.-i! i a- ,,i:. tt-ii-f (uiiipai.li ', and I diuil-f if
they would lcn.t us mn I w.re tbey iml aflMfflttfld tt do
tbeir eharter. DtfcalsvkB m>t repaalad attbta
BTfl )'-..: -, lt "ill BflflBBM -BfOflflMfl M IB-M iiny ne flfl -,
on imn.ls aud inoit_._. ? N N.'A Yv-rk tity pio;H'ity,
aml in ea-e flf .-Uth an BTflBl ttfl Itj Bill. tt BtaW.
Ti.r raa ana wb] lfl an.l exeeata
? . t,, wai m baadfl aai BMBfuaM la mtmy
Yurk i-t IbBl Ua y < an inv. nt muu.y in >'<-w
J.a-.V aml I'enn . lvani.i, and reap 7 imt eent
nUar nf taTBtloa Tblalawhj flre bnlldln<a bara been
enriiil Iii New-Jeraej t*. one ln New-TorB. Icannot
al .-..uiitry le. i -..iiu- are tiiii.kiii_ about.
If ia. I il "f ii" matter al Uaue, let tbem
kiiuv. that the l l from bond - and mort
i elty doea not exceed |8oaJ86?a man drop
; ai-... th ii i! iiii - bonda .uui uiort-rag. -
aliould be H iieieii from th* irdeo of taxation,
in leaa Ibaa ihr.-t yeara Um I i venue froin
ImprovementB In thla olty ind Weat
j vi.. iid al.?"..- ' '?> ini.1!"!!-. *?*? blla
Uu *.*? ui le -i.i'te w .iil.1 . ? ' 'ery
Ia, nu r ,ii th.
raluationol blafarmil be dealred,and derelop it amt
anm. ii imn ib.-maiKi i. Portbepiaal M yea i bave
...na-1 uiillionj .i dollura on bonda and uioi
. !?. ralae.? d. Ilm npoa x lai ? la
-? tte.
A Ml * :? .i-t! BTI BBI DM BUMfl
Wi.i.ain U. .M.triiii BM ni- BtttBi BlflUflH Wltt this ini
portaal bmUMi Bj flaraial pablk naajaalraai aa, aad ata
...ll.-tl.tll.ll.S of tlie -li'l a I BTfl a a.llll l-iaa BfllfB. Hfl ttki,
tnflabfltaa i leoateadttM tt tax a Baad and im.rt
gaa< ol1 ian.i, m p'-i taaal pi'BfMtjfi a a_ta tta ibbm laad
M] s a ln a" laad. il dull'le luvatluil oT the same PVOB*
: IWO UK ii uaw. lotfl aldfl I'V -i'i'
wi.i-ih 110,000 .ijii--i ? ; one in
(no nw in order to btdld : hfl i- tazed ** tba ralnatlon "t
. ..ml U.i- liiorl^.iLi e I- .? -V. 1 lol ill.- II".a. -
tai hu.-'' .iii'i lol BN only "Aoith 181,000,
,1 the ta*.Bl lereaeed '?> cau i
ii i- ia i ? -t.ti> for tbe build.t tu borrow. Mowtbeman
vwutuKtbi .i-. :*?: i.i.. _: laii a- and ean ipere tbe H0,0Wl
? totboaddi
. i , :!: i. ,'. ai, ban - ?? ** ol tbe oaai ao one
,,iu-iiiv tbetaz. It cannot bejuatitted on
when a i.a t- mortfluned lbe \a im ol Uu
property la not iuoreaaed; n la an arrangement of the
nwi.ei--i.ip, bj wblcb one maa b ? ? prtorityof .-staie
foraflx. launi,and another bai tbe reaidae, Amafl
i .iiiliotallulil tO i'l.tl li...li. ) at V |n r ii lll on B Iiinl.-.t^'e,
nnd run tba rl _ of paylug 2 or 3 per eent apouit.
.. .iii.i.i-. ? il itrou ; i" na! ? Btate, r..i i
down pricea and chei-ka bulldlug. l'ur \e.ti> mlllbma "t
dollarn go orer tbi clty, from eapitaliata lu Ueriuauy
and Kngland, to Chicuftu aml the Weat, because tbere
honds unta - xL lf ll had itopped
..,,, !,., a iwtbaftbi i] ? ti ut hare been enormoua.
ii., mauufactoi "T Newark,Pataraonandothei
,,, tbat poi' are < nual lo the I
iiiaiiuihi nn iii_r tiiwiis ui N.-w I'jikI.iiki, aad tbere ta bo
iea-.li. whj ii elty aunerlor t.> any la tin-^< looalitlci
, ,,ii?i nm ban beea built up on Harlam Kiver, except
lhal i.n-* double la cati ra oanuol be m. i bj m mui u tur
era aad bulldei . Mew-Jei ej k ot thla, aud th
iti. t I.a. I lt...? <?.*.. mp1?-*l auml- aal lu ll I .'.:?? I
. cauae the) km w tbal u would onpple N< ?? i
by ui.iwiiii." away Ita eapltal aad labor. The prli
ouhtaele I" tn. pasHag** of l!*< l.-tinpllon bill, Iiu
, ii.iriiii.ii oi couutry IrgUlaiora, a dlaappearlnc,
amt a- the (."\ermr ha.s lf. iilillliemletl 1', tii. 1.
ppean tt loob Bt tbe atatter fbTorably. Uoarlj
auaid be an aun U'lini nl to the law.
kxi Mi-n.'N aaaa aa _A__BTa___Bf.
Edwar.l Matfh.-ws, us a !arK>- real estate owner. fc-ls
la . i ly ttfl in.ui-li. <? ?f the exlstlnjc taxitiuu BB bonds
aaiBBflrtfaaaBj BMl Baa tM yaa-aaadaafaflad tokava
iba law r* paattd. Ba aald, Bflflaaa atbar ti.in--. HM
? ...lier flf n.al flfltatfl lfl alnaili i,a\i d mui h uuue Inavlly
ibaa tka bwbm af aaj ettet prowrty, aafl if tta bbb***.
y.,gr i- t.tve.l alao be p yrfl ? tax tui. ?? on lbe -ame prop
eity. I kii.tw uf inauy tmtt* t**k\ aotttt OWUBII ?bO
woald pai ap Bttrea iad boaaei oath Irland ii ti v
? ..uai borrow ttfl _H>aej, Tbeae bonaea would ad 11" tba
wealth of U.e ellv ur- w.-ll nn to tlu- tiixaul.- pi"|.ein.
gi\-1uj_ liu'iii | to tliuii-.l.'l- .in.l ti ii- af Iiiuiisamln ul p*-r
miii- wiio ara aoa foread aal ef towa f"r
Wllllt Of lI'Mlll'IIUa. II Would lend In blli.K lueli
of wealth frum atbar citlei tt raaklr bere, aad would
m.u-ri..in n.iii.?*? tb* expeaaaa *?! llvlna la Kew-York.
Next to i .a i i.i tiai.it I .iu.-!.u-i lbe exeniptlon of taxa?
tion from boa fli .mi BMWtaagea Ibe dmmI iu.|K.ib.ni inut
i.i .i.uiK ? i.d v. ai .i :i..- piohp.iii.v of the eity, Taa
t. a nu a wiii eaii iii ili.-enn uui.. Haw-ileraa] and the
. -, .imi an * xi u.piiun a.t woald eii.tbie them to
in.i.turi ebeapli ttaa iiu-y aia nu**- dwaa. Poraiy
I.. rsoii.il eai i.isitv I l BBflM tm* tt n.y i-I. i M Io |.iu.ane.
tii.- inui iei "i reaidenee "f Ibaae wbo do bualneaa or an
empin)oi ln I'n ? building, Wo. ? Broad at., exteadlua lo
\i..i it., witii the followlufl ie-iiit ; Mlire In New-York
,n, , 'j? iu N.'W-ai?i*at ; lfl in Broaklya; io Inbutop
lalaad aon i ia Wealcheater. Tfeara ia u.. adfaatuaa ln
tbia Btate ot aa-ira. I thiuk tbfl paaaa-re ur tue uu
would b<- worth810,000,000a year lo Ifew York, witii.uit
iu-tn.a lt une .. ut. Meu rarely l.-n.l iiiuney on n-al
. M.ite I kUOW B fc'a Uli' ana II WllO owun u Oloik iHildel lliC
oi, t . utrui i'.trk, inat be baa nut iih.ii. y eauaah tt build,
nnd n.> tuu- will laad him anv- The land ln worth |M0,0fl0
aud ll wu.ild double iu value if iuiii.liu_s cotii.l ih- |.i.u i d
u|...u it. li wo ,i'i a.. uinii'O'i .tc lour tt famlilea wuoate
i.t.w livini: oitli-ide ol tta ettj HoUi tta furee of t irt Ut.i
fUliir*. IU.' taxutloli OO boli.lr aiat uml I flaUBfl al.d tbfl
iir.il> lawa co baad m Baaa, au.l 1 trm-i tln.y wlll botu
be It |Halt al -uuii.
>*ia uui BBBBOBB a8 kki-i.ai..
Jilm T. I)aly ol No. i'J .Nt-w t., proiiouueed thls law a
iiip.i aalatab_ai tmtmj. n<* i-aid n. paeti Blaal aattaety
ls i* i uiiiplaui. .1 af BCBBBM of the BBBfBBBBMBf ttfl
htatut.'. fiatituKB laJi.ks, life liiMiriii.ee, aud trust eoiu
paniiB are not taxe.l. but Imlii Iduals aie, amt the limti
tutlona therefore bave a luononolv of Iho buslaeM, for
then BM mauy who live by buildlni,' .m.l Mlllng,
Ainth. r tlnu- thut wotka atcalusl tim builuer U lbe
labor faeatloa 1 ..?*. BuIUUbb tta Hotel aiudaor, and
bave wattbad eleeely tka flaaa wotkiag tberaoa. I am
t .allilelrt lhal laliort-rs, I.y liu* eUlit liour ttytt*mm, do m t
ih. so mu* h work Inciifh' hours m tliey tuwd lo .lo
ilnriiiR u ?aiiiiil.it nuinlM-i >if hoursou thr i.n ti.iuri.yal.iii.
Between tl.> ?-(? two di..wbaika, ttfl BaiMtara havo a mny
tuu. u! il. ll m flkflflBBI for a man to jiay s tu u mm ttmt,
ui d Bia ttfl uae of 100 eenta oua dollar, tbau t.i I.
ol liged '" ?? ' >' ?'?* mouey, say 14,000, IU a bauk aud have
I ln UM- . I tll.l-Ml.
X gonticntac iiving m New York. wbe haa an laeoum
of M.000,000, tr.ld me lately tbat be wna actnally pnttlng
out nothlng on bonda and mortgag*1" ln tlu- elty, he. anae
thoy are . ul.J. ot te tbi. iai, but waalnTeatmithm money
in iKimln ut <1 mortiragc. in Ffew-Jeraey and Vt
taata, far he waa tnahled to buy tbem at W per cent,
loaa than par, iiiiiu .aving intereat an.l praiuiam. II
imhiiih io mc th.u there m no tomii tm <H"< u- aaa. aa me
oue -tion han only one tudo. The bill ha* no eneiniea, and
the fact that eouiitrv legmlatorM havo fatlc.d to ?j;'P?:
baai the lutriect eipialna whv the law waa not. aboh'dM'fl
yeara ago. 1 con. Idcr lt one of tbe Rreateat beifl te IM
progiciv. <if Iba city, and th- flrat crfect ol tbe paaaase of
the exemptioa act will bc to nringuiillioiiaof -loliar. 1..10
Now-York und to Increaae tbe uumher of buildinga *ll_
suipriaiug rupidity.
FOREIGN NRWR.
?nun AND BDMUI CITIDITY.
TIIK ITBaBfUTB OF Kt-SSIA IM CKNTKAf. AMA ? A
MirriAl. i-oi.icy PB0P08BD TO BBBbT Hl-IT
AIN?NO AKUANOKMKNT BPfMISD.
l/iNPOH, Jan. 19, 1I7S.
The objeet of Mr. SchouvalufTB mi._.ion fiom
Uto I{u__ian (iovernniciit haa bei 11 nuidc known. llc
came to Kiigliuiil M flflflflflfl Ihfl coopcr atlon of tho Brltish
(iiiverniiient in th<- Mflflfl ure cnntrmplatcd hy Rim-itii ln
Ci-ntral A.ia, hut Hfll Mujeaty'a Cri.vernment rcftued bi
e.hangc Hflfl nUituih- taken by it when tho flrst reports of
kiiuua'i. Intontlona were received.
B_flfl_fl_n ilcchiratl.iii of her dctcrmlnatlon to arciiro
Afghaniatan againat attack lf Kii-nn. BflMflXfld Khiva,
?fflflMi the whole queatlon of Ang-lo-l.ii_s.aii rel.itlnn*
111 C.iitral Ahla. Kinwia. now propo. cd to Englaud tliat
tliat they hhould d.-al with the Khlvan nnd Afi.hanlstan
dlflkulty aa paifa of Uu: general Ceufral AfltflB <|U< .-tion.
M. Sc_i.uv__.otl wa. unaiicccaaful in cffeeting an arrango -
ment with ll<r Majeaty's Government, aud hai returned
to Bt. lVtcrsburg. _
FINANCK-S OF TUIKBT.
Ifl LONDON TIMK.S Sl'KD Br THE TLKKI.H
UOVKKNMKNT.
London, Saturday. Jan. 1., 187S.
The Turkish Government haa brouKht BtLt
tgU?U The. hWtttW* . ime* for lifoe l In iiul.lmlnng < om
miiiiication . flDflflflfll to huve BBflfl signod by the Ttull-h
WlllflBM in London .ontiiiiiing untrue MflflflflMBM ln
IfltflBBBM to the linancca tt B-fl Goveniiuf-tit of Turkcy.
QASLWI MOVLMKM S IN f-PAIN.
OimAOH IN TUi: BOBTB?BTCBBBII IX OUI
raaooaa
Mamkid, Satiirday, J.in. 19, 1973.
A 1>an<l (if CarlistB yestcrday hnrned tho
batMUMM ?! -kaat, a Htatton ou the Norl - of Hiuiu Bail
way. They flflM Ihfll nnd BBM IBfl Mwitdi-t. nd. r at that
plaoc. After eouiinittlng thene outragea th.y ded, hotiy
ptirsued hy a MflM of voliintcerri.
Tho excessca coinmittcd by Carli .t? ln Guipuzeoa
gnatty Irrltato the Lilieral.1. tfl that pro vtneo. The OflM
ernnient forcea operating in tho BMMfaflMd portloii.flf
th.- Kiugdotn dlMpluy great activity iu their nioveia.nti.
agii.n.-t the Insurgcut bainl..
m*
FF.STIVITiF.aS IN Gl.RMANY.
OBABD hl.-ri.AV AT POT8DAM? BBM vui. | OF THI
BMPBBOB to Tin akmv.
Rkklin, J.iii. 1., 1873.
A gOUtd 'lisplay, nUfioaa, iiiilir.-iry, and
tiu,-, waa ii,:i,i.- at i'it.ii,,m to.i.iy. iii tbi prrtoflB
c inn ib, ao Bflflfl, flflftfllflfl. from the Fr<rnoh duiing the
l.iio war, were BflflM from IBfl MflUl with taflflfltlf ceie
inonieH. Ifefl Emperlr aad I-.ini.n--, the PltBflflfl, flflfll
tlie.hief (icneial.. of the army Mflflfl in MflBfc The BflB
li, nu-tliankeii the army for IU ht-roi.-in, IBfl r. -ult-i of
wbleb bfl aald MflM flBanaUj iflMjiBTadfla tho tubietnof
l.i.-tory,
m
KIXiri.OC'lTY WITH CANADA.
l'Ktu kkiiim.x IN 111K DOmBlOB BOABO 01
litADr.-BBSOLUTIOB BBOOMKBBDIXa BBd
paocm pbopobbd.
Oitawa, Jau. 1?.?At a nu-cting of the Do
ininlou Bfl .r.l of Trad,- ye-t, nl.i> , Mr. llauilltoii Hill of
BM ion, --< 1 retary of the Natlonal BflBtdfll IfeBdflfll the
liiit.-d Btab -, ,m<i Mr. Hcnd.r_iiii. BBfl Uiit:-li ("ii-ul .it
BoatflM, Vflflfl ii'lniitti il M -tat-. BflflB) < n.-i . rcclprocit.
with tln- l nitt .1 MflflM, tho Hon. John Vouuk moved thu
lollowing i-c.ioltitioii :
H\..r__!. , The NiltiniKil Hoiird of Trii'l. of tbfl Dllltfld
State.-. tWtb Bl B mceling bflld Bl St. i.-Hll- .ind lutflv IB
I rk, n tolred to exert Ita leflitlmate infltte
promote .1 meaaare for reclprooal trade with the Domln
1011 of .au, ida. 011 a broail, coui|ircheui*ive, nut liberal
.noi, wn. r.-.ti.. the Exoouttve Uounoil of thal
Board orere Inatrueted lo aaomoriallin Coograaa la favor
or tha appotntmant ol a aaamtfaaMMB to aet ln i-on.tune
tion wain tba state Departmenl to negotlat< iuoB a
in-iit); aiul, when-iva, it is the oiiiiiion oi tin-r Board that
more extended eommerelal relaUona witb the United
would be blchly adTaatagaoBfl tobatbooBntrtoii
Un 1, ior..,
io,iiml.Tbal tbe ExeentlreCouacilbe Inatruch
im in..1 i.iii/e the OoTeramenlln tayor of tbe apvolui
mentol ? oommlaalon to ael with that ,,t the 1
f it ihould be namiwl, or to t.ak.- aui h other menni
a. wiii beal reapond toaoy aotlon on theu oart t>? earry
oui iinr tic.ity -it r< ciproeaJ t rada with tuo uiilted Btatea.
Mr. Yoiiir. jiroi flfldfld M Ml ttiitt eiiiy ell'-ut ln.idc by
thi| i-olllitl | to ctlltiv.ite KOfld i-ouimtricial rciiiti 'U> with
the Uflltfld St.it'..- flflfll Bflflfl fonliitlly WHpOBfljfl_ M bf IBfl
rjllllBIIBMIBl of tli.it etiiintry. Mr. Wllkfll favoicd |
reaoluUon recommendlug a Beclproei|y i'r.-nrv. and
l?,nut.I out that nuif tba MBBBlM tba tte.it 1 1hcc.11
diUofl ol tbe niteriiiitioii.il tradfl bafl rerj maefl
not ;n ,1 directlon mppoaed :>. 11 taTorable
te i'..e I iui< _ Btati -?
POREIOM NOTE&
It is s:iid tliat .Mar..luil BeirBBO !iii-< 'Aiitt.-n
e letter to BeBof Bafrrti annoonclni bli Brm latflBttoa
i,, 1, Uit m private Ufe.
M? jia, tlic ...rxican Bfinifltet of Wair, has re
i.igin-d, .-uii G'-n. M.u- .tn i J. eobedo Bai beaa ippolnt. 1
in III--te.nl. Filltliel- fktynamm _ the CBBtBfll BlflflB'
pected -umi to (nk.- jii i, e.
A .M:ii;iiii'ir;i.- disiiatch say.: "The qite>li<in
flf the dflttol flf 5 per eflBI on liiijio-t-i into tbfl Zon 11.lhre
ln-. bflflfl <1'' -Id'-'l in fiv.ir of tlic in.-r. h.mt-of this city,
and tbi iu i.itiii.y iin-ii-iiie.- TitK.ii tiy OoUector Btuto
h.isc lieeti .-evci-elv . Ollileiiined. ll WM BOl th. niteiitioll
ot lbe Miiil-l.-i-of Fiiiiiincr, lo luake tho UUllecUoa Ol lhe
aiiiiiiioii il duty reiroaetlva. Tbe privlleia h.a
i,i-iiiia-: in--n ii.nit-1" Imperl nader taa oi.i tauii
lor :i period ufl foar montba."
A B0TA1 PBBUD 1.
Ciminnati, Jan. 1'.).?A Koinan Ca_.iolic
? ? Fort w.iyne, imi.,kflflJflMiBflMffldM < pnaaal
froui the late Loiil., Bflpfllfloa ? luagalflcenI gold and
...Imi i-h.aliflfl, flfl Bfl Bflfldtfl IBfl cilthediiil lu t ll.it city. It
|| i-i. uiu lh 4 111 four dittiTcul Ofl-Mfl aiul Bfl trs an tggttt*
pClflM nini-iiiition 111 !__:.tiu. Aii etttagngk Ictti-i- accom
paatod iin _cift. T'i.- prtoflt mb> a pMMaal frioud of tne
ex-?mperuc lahtoiarly <ia>-..
....Tlic siiit of David Clfldtti II_.ilf.-d. ('.'im..
ktor, Pn____ag flVtarla tiie Mriii.nin'. I
? .1 N. ?r-1 .irl llitin.-t. aai iuv?ltm< tti- own. itlup ,?! a aottt^r
,1 M.rtU ? Vnic/aral, liu l,e--u a. ttl.-, Mr. . iark ilaullulu. to ,.-_liu_r
tb? pr_?. a u'.i..u. ____________________
ifleaaaanMmaai
Tiiikk ? Good Al m.'itirv K?u si.vriNt;
THAT II TIIH l.lC^TKT OSl IDl'LT OCT Of ?TBHT 5IX I'ttt OF
Otmmmrtttat AVI>. i.toaan, ?o i-amuraT *>n raTii. U? thi.
liltKA.K HII'ill, THIT IT II DKIAI'Kt' A9 THI OBIAT ICOC-.I Of
TIIK HA. r. , ttt Ifli, I.t THH roKHATITB UTAUII, Iflfl Pri.H0. AKT
. tmr*?Vtm mt na hhad.lt comtiullio iit a?a_KTis
laoHiTLi i.i thh BBBflflliaiBI o? ba. Jatx_, *H1CB KIOTHEI
ahii .T_a.Nt.THa_, thi bui,_, hiai. Tiaaa. ALLATIRU l_-L_HM
.i.i-*, a.iu < i aA.in.iii tiiph a.u thb Lt'xoi or Mfl lar.-RiTtia
It ta a caaTAia uaual,t roa (.'ocuaa a>u Colm, whicb. waaa
t.r.rr to tmbk.ki.tm, MBflflMBUfl bbimj o.t hflMBIflfl Co?
I'LAIMT-. Iflfl IT Cl'KII DhOKCHITII BrfBlTlALI.T IV TAltM IB
naS, A.1D THI DiBKCTMM. aTBICTLT rol.LOWBD. IT HAI HAtB
lat.aii era BiprTATtoN ai a cukatiti roi otbb a .iabtib or a
CRBTCBT. ABD IP THolB WHll AHI THI.KATIMO WITB LlMJ Ult
? AMI.. OM AMT Of THB ITHITaiBa all BBBBBBBfll OB A.TBBA, WlU.
it nn oiTi tbi. iMaaaaa ukmidt a rama, tbbt willbitib
KIOHIT IT. S.il.n IMHi-lir.KK
TBI TbIBOBI Ai.manac lor H?? ircaiiy Ua
ut Jaiiuai/ .,( au1' in K, I ra-nl _<ll. ib adlitioa ta ttt utual c?a.ca_i,
l,a.r | I'uKTKAlT A_D BlUllRiriT 01
Huiai a liariin.
M ASTK.ltI OKTI1K (-ltTATtOV.?TaS_T. I'lK.LPS's
!' Iiii, III I HUl II l.aai l i l- ,. 1.1 1 KI He. -' 1'ria . Hl .V-. !ia iiml.
T?HB TRIBUNE AI.MANAC foi iFtt (raady
1 laat uf J.uuat. ora-arl" m Kr'iraar.i wlll. la alalliam Ui ita uaiaai
ri,uitaU. httt a
PllltTHAIT ANH HIIKIKAPIIV d.
UtlKll K i.Khi.l.ll _
HPHE beal pLaoe iu Naw-York to buv i-cliable
X vt al. li-., tai.t liumnuiia. neh latbiuaali'.a Jawalrt, IMBtatUaa vtrr
Wnlt-.i,. Prr?ni, i, sgt irtK >, Hl Pall.aa at Uia-.o_naaaa_r.iali>
^TRfCTlIRE, Fifltala, and PUea radlcallycuri^
. . / wilaioul Uu- Iniff naaauc or ilnti-utloa lrom liminaaa ; liari-lrBca.llia
ratttoflht UcariaUttOriaaa II t A U.inrla, M l> Ul I,. i u,toa ara.
rrV\I)ALI.'- LECTURES <?N l.IiiMI. witli
1 .11 ll.. iliuatratitf??. TUK I'ltlltlr-K'S rtportt uabllabatl ia fufl.
i-an-iul.4 rtrtl-a_ Pnoe, '1 rtaU par tla.la, ropr, ur 1 eauu br Bai,
AiWrtu IIII, IHIHI NK. .S.w lurl. _
MASl!l.Ys I'nliuliiiK tiic n lor ..iitxi.lt- l.limiK.
atiuiu-ra an. lainr. (_a,?l,.._ Hrl:l.,.,i _u.i Prrua.i.. u. Jtill.V
W. _A4i lil k N.I.., Ill Fall... at Imm.i la paia painliaaii rolora.
AINK'? PORTABLE WINDOVV VKNT1
l.A loK l . II. KIIIU. 4 (J*. M IXtaar .t_
MEKIDKN (UTl.-.KY I'O." ?CALI, fur
TABLK KMIVIta katia. thla a-ua*. Tba, ar* OOOli.
M
REPAIRING DEPARTMENT.
TIFFANY k li,
iAiov-a'i. IRE,
INVITK 1'ARTKl'l.AR ATTKNTION 1 ('I llhlR 1.1' iCMWt.Oa
RKPAIRINQ AlfD 888-88-8-88 M'ATdiK., rinXXX, JEW.
EI.RT. SILVKKWARR, 8888881 ."AN* V *KtI< I I
ifuaai aa*_M ?_??_-_. aaaaaaa, a__a i.r:x?T_D,
8ILVKRW4RR lUUlMU 1.1KK NKW. ,-ln BBI Bft
lii'...N/KD, B-HK A.Nl) VA1.I AiiLK ARTICLE- Ri.l'Alkl.D VM l tf
...UK.
AM. BKINli DONE IN THl.SR OWN IVoRKMlOl' . *..V I llg
rRKMlflBS, WITH flKlLLBD WOmBBBE OY MAHY tY.tkiV
KXPKRIBNCB IN KA( H __. ARTMKNT-INSI ' l **.. (J* OD.
P0DB8 WORK AND UrMOf-T PkOBPTNK.-H.
THE GALVESTON NEWS
Establisheci 1842.
Ha*. more than Donble ihe .'irculation of any
other Paper Pubb_ hed in Texas
TO "-A>TPACTUREB_. MKK* I1AV.8. oad VVIK 118814
l.FALKRS. M*kiD|[ baai_??M iu 1 -IU. .1 offfrt B medtem f.r I.n !? nag
auquilr- In tbe 8Ut<*.
Ti.. npiJ "ompleUon-I ra.l.-. ? -reiritsai m.
ailil io oi-ratiun, ind tbf inimr; ra 'il. bf i_inip8Uo. iu '.: >,
b??-iJa.Bl.IrO oor ibIk - aiMiUl
(ottnoei.
SiAKUbiti, Coplet mal lne \t?', ril** tor ilttf. ? WtB*
BKBABBBOB l i-ilwki* o.,OiiT?.toe. Toim.
SAFETY
FIRE AND ACCIDENTS.
THR
MNCI.MR t*H.F-AI'jr>TIN'a IIAT< ll ' ' -Y
etmmmt* bat.h it.t.ri fa.r IBUBtoll i...._-oj?, au ?a
t_r r ,'attul a'.U. LaurLt. t.a tl,- , Ti.r.
BB-KUOK Bl
8M Xitt. Brtv ki.a.
II. 11 ("ladin k fu.
N**-York Guarooty 88.1 Ic.l.ttn.1. t I .:--i ' ?
i ... ry. ?
JJ. B !'.._ T. tliookl - '
. -?-. .! \V. > HARJtlb'B, Na. N Wei r *i .' ulitj
? ?
A. T. DE__ ARE3T & Co.
?V-2N BNfl4WBfi
a Ltaoa taaofl -aai op n
Fine Carriages,
Bajcusffau "i- oaa oflfla a_aor_<
FURNITURE
AM'
CURTAINS.
B. L. Solomon & Sons, 657 & 659 Broad?
way, having the Largest and most Ccm
plete Stoek to ba found in the City, call
attention of those aboat to furnish. or in
want of any article, to the ad7anta_;e of
looking through their Warerooms.
ALL onr Upholst.ring done on our own
Premises, under our own supervi3ion, and
all work guaranteed
Estimates and Tes'^ns given for fur
nishing a house complete with FURUI
TURE, CURTAINS, MIRRCRS, fct
B. L. SOLOMON & SONS,
657 & 659 Broadway, opp. B*-..d-at.
DR. RADWAY'S
Sarsaparillian MM
THE GREAT BLOOD PlTtlFIKR.
F.R TIIK Cl RK OV Al.L
CHBONIC DIBEAflB-t. ( i;m i i.a ;
ciikoMC KHKi MATISM, l.l'.-r. i I 1%
KIDM'.V. BLADD-B-, ANI. ; .Vl..{
< oMi'i.AlNT.s DT8PEF8IA.
AFFECT_0-.S0.TI1_ LUXQfl A.\D lllKOAT
PIRIKIKS TliK aULOOP,
aaaroaoM ukai.th and ra i
ILEAR S-KlNind IIKAI TIM I. ( i IM 1'LKXK ?.**? fl.. | 'l.i D TO AU_
Kohl bT l'1-tfi.i.ta. lrc' *l Y*t 1.,
DR ItADWAVS
FERFECT NlUnn Wi.
YrrleclX, U.taa|a-i?, eiey jrt'r roala.l. foi tht mr* At -...-.' tl"8
a'a.niarb, lir.r, httwrla. tualurta. l"?Jait:r, uenoun di.. .-a.
a-ooaUpotloo, eoatirtnraa io.li.-r.tion, a!t.p*pi*, I .. .. rn ; iliooa
ftrrr. iulanir_ali..u ol tb* Um.lo, pOn. *mi eD .lri,Liri_.?-!J A W*
intrrml .imn. Wartaal*.! lo rtferl i poaiUTe cura.
i'nctr li c.ula ptt bo*. .-told lit D.<i/?i>u.
Dr k_,dw .v fc to, j*4 ariaaaa*?r.
Ccoal Xotic-o.
CUPREME COUBT?Coanty ol v\. a*\.<.-ut.
kl ?SYLVK-tTKR Y TlKIS.id STIA l**i> ' ' ' I
? laimt TUOMAS . RIOR. lifuBBBl B-?II ?. ->"t *? ? '**f u._.t?J
od t-oati-rt ?(.'om. n..t |. i-.i
I'.i lb. li-IVmlial. Ttiomi'Prii.T- Ynn ar? b**r?*^T ?_-.-.. -?>l >?fl te
.\n,c-A lo au??fr tte ron.|.laml iu ilm i. Ham t?l.i.:i ? . ?. t' . .8 IBB
. ?.?,of th?C!a-rk of tl.r ( ...mtr t.f Wr.tcli<?rrr. lt ?
laid omotr, fT.* York. aod tt. 88888 a <our o' tt.~r .
raiiapUiiBt ou thr .y-arnltrr al li'l ??&* ? <A bit. ....- W.i
*'uuit/. Statr t.i Sr? York. *al.ai t??nl] da.iiftrt iba ?? ? ?' Bl U18
?uiDuiom oo ruii. nrluilfr A thr d.r of .wh i-nir.- " '' *'? '?' - *
anawrr tb* i?..l r.aiuplai.l niibiu tl.t-vi?ta alorraa tl U'l ?"? ?"?
.nion wlll Uk. .udTu*nt wain.t roa fortb- ??_. ol '?? l'''1' "''
t??l?* dollBri iud tbra* MB wul. :nt?r*?l frttm fxe l->: ? a? < t A'*!''".
l.tl,.U.-ljBl?dJ.?BB-r', ItTtJ. BLI-*I?A I' f-hlaBIB
l'!?Ht..-. Altore-a - ? ??" I i ? ?? N J
1 h* roapUist lo tb* .ho.* rui -l*d ?-tioo. ui ??*"?'?" -' '_ "'*.',
(.< i.< .uiuiaoi.a ... II*.: ill.r..|-.? ..f tb* ?'?-*'? ** l" '?'???' "'
\x -aub*.t*r. Stat* o! St* \ ..rk. at W -M 1 > ? ***? **
tb* IStb Att ot J.BU.r.. IflTX- l'at*d jai.uarr 15 mt
KI.IAHA P PkRRI . PI-lBtt. i txixontx *k. ? .
C.TKKMK i um. l.-ln iiu* matui ?.l twj
kT I'rlltia. ol tt* Mltor, AU*ri_ou. aod l'.--"'< ' ' l'. , J'"
Ham.\**k ky th* CibbbBi- mn A Poblt* Work. im ??"" " l'"' *T
,,ui.ii.... ol.*rt. r. 1...1. ib lb.*.1iT al Ham Y.r. h, l, X*U**?m
..... b ?r.url. roru-r ol On* BumtnU-??l tbi.t*. ul. .- * - ' *' '??_*, 'k
.._,._ Nia?i.-a*.vado..al Hlmo iB.rd .ta..-*..*-. ,1
Naitli ..* No.-.-* .. b-r.1.* C.?? ko Ih. o.-|.-_, ktmeer, l-""^'"
IMrli*. i8t-r*.t*d lo Ui* I.b3b. tro?o?ot., bon-llU?*jilo. iml Ut*mm
IiJ.<B*d hr lb* K*?*.rt of lb*l'oooi?i-.ao... ?l hxmnim Um ?N?*?
IUM ?ott*. thal Ih. aald hkepott Uto? ..-pl.Ujda.il U prm>*rk*. ?
.... i.?pr*_. loan .1 . r*r itlVtim .h.nf. to b. b._ .1X hambttt t*
mt*mm*i4mamt* U* xmt ol N.wYork ?B BoBdot. lb. _???;*
mttnm, it.l.ixthe op*.mfaf tho loart m ihtlAi, at xi tmotkti*^
oft*, m rotii.a.1 r_i Uo Itrard. aod o ?t.lio.i alll tb.n aod U.a. bt turn
far Uii cooBroMiloo of ubt K?|>rfr..-t>al?,. Nr? York [>?_ lohar n, M*
'"' ' ' " U.UUHT II. I'LMVrKAD 1
Al'lllAN II. Ml I.I.KK ' *'.,utio>?iH>a*rB
1'HAIH.MI _ I.KAHAB. .
1UEKLAD. 1<J jtaaj de la Paix. Taiis.
| Aiahrvolol l'r*MB far abaaiaf.
FaohlaoobBa PrifiHMi l..r IB. Ha...... b.at,
i ao l-oalrai* fal Ik* Hall,
Bbb Bo * oiataa IbibbbibUoo iBow?io4