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LB fljr&ry u .MIA ESTABLISHED 1840. MEMPHIS, TENK., SATUEDAY, FEBEUAEY 13, 1875. VOL 35, NO 38 mm m m m m m m m c PEAL r W KB I f O K k TIIJSU3DAY Al'I'fAL. We urje upon advertisers the Jm lrtance for their sokes as for oure, of tendfufln tl,ir advertisements for the fc'i xrv Appeal at as early an hour lo-tl.y as poaaible. By bo doing they v?w Eecure favoraWe positions, and en r.Js U3 to give them proper display. I.VtrUIIXli: IIABEETT. Barrett was last night compli mented Ly.aaimmoeaudIence,Iargely representative of our most cultured peo and, we need hardly say, proved Llccscif pre-eminently worthy the honor. Without a superior upon the Ezglish-epeaking stage, he never fails to meet the anticipations of his most anguine admirers; hut there are char ters into which he enters with Krcatcr love or his work than others c::aract'rs that are his special pets, slg nlllcent of pointed phasesof life, stand ing a3 types of good or evil fortunes, of Lights and depths of human passion, raisery cr happiness. One of these is tho character he portrayed last night v.ith eo Hubtle an Insight into tho very of Bhakapeaie'fi creations to make ' 'ho counterfeit presentment" seem re alty. We place his "ShyIock, with al3 "Lsar," "Hamlet" and "IUche neu,"' and regard them as productions unsurpassed in the annals of the stage. To-eight he plays 'Richard III." a char ter that few besides himself nnw., Iays attempts one that in his hands is invested with an interest quite equal io mai evoKeu by any of the great ar trt3 who hr.ve preceded him. TJ5LKGHAPJIIC BREVITIES. Senator Paddock left Omaha lor All Iowa roads are leported open Tae steamer Italy, from Liverpool, arr:vcJ at New York yesterday. Tho national association of stove- -isncrs m i again ai UMcara yesterdar. EJward Kendall.an American theatri cal cisiret, was accidentally poisoned In .LonJca, Thursday. A fire at Keokuk last night destroyed l-r per Uraham's stove stnrn ami V. rv JouaJ-4tgg-paeUtUB establlbhruenl. A telegram from Madrid says that a lcc:e 1. xt b.en liuued calllnsr out fccventv m-)san J men lor lLo nnny of Spain. Reriretentative Beck had M tri-inf fcrsU: a by a Jail on the Ice In Washlncton Albaui made her flret appearance in C.nc:nnatl ThureJay night, to a crowded lis-osa, and ual an cuthumohllc reception. Tho vote in joint convention in the ju-uncrauiia legixiaiuro yesterday, for sena-t-r. blood: Hameey, 01: Loctiran, l5; Davis, 33. Tho railroad leadlDsr Into New York tire generally closed. Freight trains areJon",ard 'uouunuuio ruuuiug wiinouiiesaru to time tables, Mb. Hophia Cowan and Mrs. Mills were turned to death in Cincinnati, Ohio, .Hi.uuih W a crate. A ttlcgram from St. Petersburg an nounces that tho Khan or Khiva has paid the l2t initameut or the war Indemnity to The e'eamshlp Illinois, from Philadel r::la, arrived at tiueenistown vesterday; the Ati'hi.i.a, Troui Liverpool, arrived at .New ic:k. A telegram from Berlin says that the Hta!o council hai determined to prohibit the importation ol American potatoes into Ger "ainy A tel gram frc.m New York says that t3 Adaius exvrei company has declared the u -ai qaartetfy dividend of two dollars per j.iare. Jchn Head, one of the night guards cfthoSt Leal Jail, is under arrest, impll czlzd lr the recent escape or some "bad A BTlia dispatch says Bismarck has K.ve-a no Intimation that ne In tends' to resign, a-) tsl.ktiy to remain in office as long as nls Loi.t:i pennllts The vote of the joint session of the :cs ataro at Charleston, West Virginia, yes-fc.-Uay btood : tamdea,i.7; Walker, 2i ; lMce, is, bcattci ng, h. The jury in tho tan-yard murder case la l .::cinatl, yebterday coon, brought in a ycrt-.nc fnmvuer lu the first degree against Uecr5 Itufe.- ror killing Herman cSchilllng. A flit at Meadville, Pennsvlvanla, Thrrday, destroyed Sherwood it Co.'s plan ni'jl, and Pejidltton A hherwood's cheese lactrry. Los, tweniy-flve thousand dollars; Tho Kansas legislature yesterday pasted a resolution thanking congress for the recent arpropriaUon of one hundred and fifty tecukand dollars to aid the destltnte people ca ttio frou lor. Kev. Thomas A. Jugger, D. Dr. rector of tio church or Holy Trinity, in Phlladel l'.:.a, hia announced nls acceptance of bishop of Mi'ttiem Ohio, to which ha was elected on t:a teath of Jauuarj-. At Boston yesterday the supreme court -cc Jcred a decision in the case of Jesse II. I'cmeroy, the boy murderer, overruling ex-cepuoi-H and ordering Judgment onthever tlxt. I'omeroy will, iberelore, be sentenced to dcau. The Dablin Irishman ssys that the honie-nlc membersof IheBrlllMi parliament rrapce u f .irually submit a demand for the i'cr-'il of the act ol union, and on its rejection t"-t.y will withdraw in a body' from the impe rii p j-iiaaient. Whi.'e the Little Rock express train ttio -L Louis, Iron Mountain and Southern ra'.lr:(l wh- as-luE a point near Illsmarck TaurJay, a lall broke over a culvert. The inc. I, bagHge and Fecoud-class cars and a pa tnger coasb were thrown from the track. There was a rumor in San Francisco Thursday -Ua the Pacific Mall company had toll tli.ir wharves, wharf franchise, lots, warehouses and other buildings, and lm rrovcrarnu on the water front, ta H&egln & rc.in tct four hundred and fifty thousand c!cl!an. . The national grange, in session at "Uar:-rt3' , has adopted the report of tne c:--r. t:-e on tlie annual address of Master Va:ui, indorsing his recommendation that i:ubord.n-.t grannefi be fostered by the na t:nai g-ange. and that manufactures in the SCI' j ba encouraged. A tsccram from Brooklyn states that ca tho 'pcnlDg of the city court yesterday -:rcln;, an announcement was made that Wra arts, chtereounwl for the defendant la tin 7Uuc-Hcher trial, could not reach Cecity owing to ice In Kast river. The ca-e ,TS ac-j -arned tilt two o'clock. Tne grand jury have found indict mcnVj agalrst tho business managers of the :::3rnic.-; ar. J evening dally papers in Chicago I jr r-b.jkl.ing lottery adrertUemenU. It is ucjtr-too.1 tnat the papers will contest the .nlctai'- nts on the ground that the advettlse rcenti rtii.r'-ed to are not lotteries. John Hariland & Co., importers and c'.r-j ti n frulu, at ar Washington street, New 1c:k. have raended. So statement . mate, but iernons outside the house t-I-c5 ' v.' KabUliltn at from two to fonr i. U-lrt ) thousand dollars. The cause of the !srrr..on Is attributed to deterioration In r - c.n'y and pricet, of 1 rails and bad debts. A telegram from New York says rita' :cist one railroad line tunning from ttal e -y 'a Chicago ft a made contracts to ctr; r.-e.E'J' wert at the rate of fifteen cents r r hundred pounds. Contract rates lor rx:g" i I rem Baltimore to ChlCMRO were fixed a week ao by the Karatoga combination tlx--jt nueat one dollar perhnndred pounds. A young man named Will Randall, a i;r";i".jr. and a man named Walenhorst, an J r oJ Mrs. Kielnbcrg, have been ar rccrl urnuii on suspicion of being her r-rcrvrs Bloody shoe-tracks were traced :a ct; enow from Klslnberg's to Itandall's rccre-.ee ana lios tiulng the tracks, with L.iodj mow Umwo, the name sire as the tracks, were found in the house. A dispatch from Shanghai says that j at:t lag of UBOortalnty prevails with regard j to tfce tu '.ioB to the imperial throne. Alt'-- fie son ol lrinee Chun has been t unier the MUe of Kwaug Sen, it is povible that this arr-ngemenl may X.oC. ''arixl The rumors that the erupretx, L" vi - c. oomraltted Hilotde after the death c7 'ti'y emperor, were uulounded. Hhe Is re- I rorxl t- ie tHrfenti. bhould the issue be a "ten tc will be the legitimate heir. In the evc.tcfh acceetou to the throne, the em r -; -a il. j'li'r aod the empress dowager J bs appointed Joint regents dnring nls A t) 'itiou was yesterday telegraphed frc:a" Ojuvllle to tlie Kentucky repre&enta t.vc Tigre, rprsnllng a the nnanl- iz'i 3 ..l.iijtots ot tlie tobacco trade ot Lou---. , v tb lmpositton of the proposed -"-' nt tax would be a calamity to tho V'X"'-, cs w-11 an to the west. The petition e - T.t that liability in law, all things 'C--c -a:, is the talng most desired by all w'"o w - niler it ; second, that the trade is -- , : Huedbyth sndden and unnar a j .a iw in the prlceof theleaf.cauked i ;f c -of thecr pin STi. and a change vsc. "lie .: v drof saWen in thf mar , '- t 'n! ihataa advance In tlietaxwoald : uIiiHhMi the ooasumptiiHi : lourtli, tLetax na4er Uh; existing law is liltli ijy and fully ee4eted. "WASHINGTON. The Union Pacific BIscnmd ia Cabi net Scs?Ioh ?.")00,000 Recom mended for the 167C Centennial, The Ilnfe-ote Trlntiriff ControTersy Unlon pAeiflc Land Grants Cnstom? Kccelpts. rroceedlngs in CongreHS Nominations For and appointments To OGlce Railway Snbsl dies Etc THE UNION PACIFIC IN CABINET SES SION. Wahhington, February 12. The matter of tho communication of the Union Pacific railroad company was on of the subjects before the cabinet to-day, and the different members pres ent expressea ineir individual views upon the proposition of President Dil lon, though of course it remains for the secretary of the treasury to decido what recommendation he will make to con gress on the subject. It seems not un likely that some arrangement will.be agreed upon between the government anu me railroad company, provided some changes aro made in their offer wnicn will be more acceptable than the proposition now at hand. This, it is thought, would be preferable to com mencing a Beries of suits. The views expressed by the cabinet were favorable, but they suggested that the charges necessary to be made by the company should be in relation to the details of tlie adjustment and times of payment, une amount tne company ofler is more than one-half of the trans portation and the five per cent, which the government claims, and this, it is .said, is more than the government would obtain, even admitting that the suit on the five per cent, should be de cided in its favor. It now appears that the treaties pending in the senate will necessitate an extra session of that body, and the President will soon issue a proc lamation for that purpose. $500,000 FOR THE CENTENNIAL. The house committee on appropria tions have agreed to recommend an ap propriation of five hundred thousand dollars to defray the expenses attending the displays of the several departments of the government at the centennial ex position. CUSTOMS RECEIPTS. The customs receipts for the week ending February 6th were as follows: New York, 2,980.804; Boston, $379,281: Philadelphia. $202,795; Baltimore, $82, C03; New Orleans, for the week ending January 30th, $23,769. NOMINATIONS FOR OFFICE. John W. M'MIIIan is appointed inter nal revenue storekeeper for the first Michigan district. The following nom inations have been sent to the senate: George W. French, secretary of Wy oming Territory; postmasters S. Waters, Lebanon, Tennessee; G. W. Atkinson, Kanawha Courthouse, West Virgluia. The senate confirmed the nomination of Digby N. Bell, collector of customs, Detroit, Michigan. THE BANK-NOTE PRINTING CONTRO VERSY. The committee ou banking and cur rency, at tneir meeting to-day, settled tne bauR-noto printiDc controversy. A vote to have one impression printed out side of the treasury department was lost by five yeas tosixnaj's, and the propo sition to have two impressions printed was agreea to. unis is to apply not only to national bank notes,but to green backs. A majority of the committee seven for and four against favor a dis tinction or paper for all the government securities, and leave it discretionary with the secretary of the treasury what class of paper it shall be. The subject of the water-proofing of the notes was ordered to be referred by the secretary of the treasury to a skilled committee of three experts, who shall report as to whether it is available, and if so, what is a fair equivalent The committee took no action on the printing of post- oflice and revenue-stamps and fractional currency, wnlcu will leave tne printing wnere it now is divided between trie treasury and private firms. UNION PACIFIC LAND GRANTS. Bequest having been made to the commissioner of the land oifice to con strue the act of June 22, 1874, for the re-. tier ot settlers on railroad lands, so as to permit the Union Pacific railroad com pany to select lands containing coal and iron, la lieu or agricultural lands pro posed to bo released in favor of actual settlers, the commissioner replies: "Tnat tne act or June last provides that nothing herein contained shall be so construed as to enlarge or extend any grant to any such railroads. Your com pany receives all its coal and iron lands wiinout diminution, on account or tne claim of any settler to allow you, in ad dition, to surrender lands purely agri cultural and stake the reserved coal lands of greatly Increased value, which would, in my judgment, materially en large your grant, aud would, therefore, be in express violation or the act under which the claim is presented. RAILWAY SUBSIDIES. Daring debate in the senate to-day on the Portland, Dallas ami Salt Lake rail road bill, Mr. FreJiughuysen said the committee on railroads during this ses sion had before them six or seven bills providing for subsidies. The committee had considered them carefully, and had beard arguments, and had concluded they would not report any of these bills favorably to the senate. Many of the bills thus treated, be said, had infinitely more merit than the one unuer consid eration. Congresiional. SENATE. The Vice-President laid before the Eenate the report of inquiry in regard to tne survey anu cost or extending me Chesapeake and Ohio canal from Cum berland, Maryland, to Pittsburg. Or dered printed, and referred to the com mittee on transportation and routes. Senator Anthony fR. LI presented the credentials of Ambrose Burnsides, United States senater rrom Knode is land, for six years, from March 4, 1875. Read and placed on file. During the morning hour Senator Clayton moved that the President's mes sage on Arkansas affaire be taken up for the purpose of having It referred. Senator Edmunds raised a point of order that it could not be done, as by the recent rule of the senate the committees must be called in order, and nothing but an unanimous consent could set that rule aside, therefore he objected to tak ing up the message now. Senator Clayton withdrew his motion. After expiration of the time allowed the committee on railroads, the senate resumed consideration of the bill to pro vide a government for the District of Columbia, the pending amendment be ing that of Senator Sargent, to provide for the election of a delegate to congress, and it was rejected 21 to 29. Senator Morton submitted a substitute for the third section, so as to provide that of the three commissioners to gov ern the District two shall be elected by the qualified voters of the District, and one be appointed by the President. Senator Sargent moved to amend so as to provide that two shall be appoint by the President aud on elected by the qualified voters. After tome debate, Kenator Sargent's amendment provid ing for tlie election of one commissioner instead of two was agreed to yeas, 21; nays, 23. Senator Morton's amend ment, as amended by Senator Sargent, i was rejected yeas, 13; nays, 3S. Senator Allison moved an amendment to the ninety-fourth section, to provide that claims presented and allowed under tho act of June 20th, 1874, shall be pre- senteu ror exenange within four months after the passage of this act, and that noming in tne act shall be construed to pledge the government to the payment of the debts of the District, of the cities of Washington or Georgetown other than the fifty year bonds provided ior in the act of 1874. After discussion, Senator Morton gave notice that to-morrow he would move to proceed to the consideration of the resolution for the admission of Pinch back. Pending discussion on the amend ment of Senstor Allison to the bill to provide a government for the District, the senate went into executive session, and soon after adjourned. HOUSE. After reading the journal, to-day, on motion of Mr. Dawes, the house went into committee of the whole on the rev enue bill. Mr. . H. Roberts obtained the floor, and made an elaborate speech. Mr. Kelley followel. He began by saying tnat the imposition or war taxes in time of peace was as ill-judged as it was inopportune. He differed from the majority of his colleagues ou the ways aud means committee, and attributed the present financial distress and em barrassed condition of the country to our vicious system of legislation. At the close of Mr. Kelley's speech a further consideration of the revenue bill was postponed, and the house took up the pension appropriation bill. Objection was made to the considera tion of the pension bill, and the private calendar was taken up and a large num ber of private bills acted on. The committee rose, and then the house went into a committee of the whole ou the private calendar, Mr. Dun neil Minn. in the chair. A bill for the relief of certain loyal creditors, whose moneys were confiscat ed by the Confederate congress in Lou isiana, providing for the distribution of two hundred and three thousand three hundred and thirty-four dollars, pro rata, was reported by the committee. Much opposition was manifested to it. and finally, without taking a final vote on it, the house adjourned. THE RADICAL CAUCUS. Tain Attempt to Secure Partisan port for Grant and Bis Thieving King. Hnp- What Was Said and Done The Carpet baggers Want the South Dragooned into Their Support. Washington, February 11. A joint caucus of Republican senators and rep resentatives was held at the capitol to night. Owing to a misunderstanding, the attendance was not large. The joint committee of the caucuses of both houses made a report, representing a bill authorizing the President to suspeud the writ of habeas corpus in certain cases, and in accordance with previous acts, giving him the power to use the army and navy to maintain peace and suppress disorder, to appoint deputy- marshals and supervisors or elections in congressional districts, who, in addition to their other powers, can arrest persons who may attempt to intimidate voters, or otherwise unlawfully Interfere with the conduct of elections. Provision is made for a fair and full registration of the lenal voters under the prescribed regulations; and it is made unlawful for any of the reconstructed States to im pose excessive poll-taxes, or require the prepayment thereof as a qualification ror voters at any election at which mem bers of congress are to be chosen. The bill declares the exhibition or use of deadly weapons on days of registra tion and election, for the purpose of In timidating or of violence, a criminal offence, punishable by a fine and im prisonment, at the discretion of the court, and so of violation of other parts of the bill. Mr. Smith Va.1 moved to strike out the words, reconstructed States," his object being to destroy sectional reference, so that if the bill was to be passed it should bo applicable to ail the States. He protested against further Federal interference in the affairs of the south. Messrs. Dawes, Cobb Kas. and Wil liams Mich. agreed in the main with the gentleman from Virginia, but Messrs. Lawrence, Albright and Lynch took opposite ground, insisting that there was the greatest need for federal interference to protect the colored men in the exercise of their rights. The caucus was not altogether harmo nious, and, without action, an adjourn ment until to-morrow night took place. Several of the members stated that they would not attend, as tbey thought their time would be more profitably em ployed Friday night is listening to Col fax's lecture ontthe character of Lin coln. . Washington, February 12. At the adjourned Republican caucus to-night, there were not more than fifty or sixty members of the house present, and no senators. The discussion commenced on the motion made last night by Mr. Smith Va. to strike out of the bill re ported from the caucus committee, the section making the carrying or exhibit ing of arms at southern polls, for the purpose of intimidating voters, a penal offense. The ground of objection urged by Mr. Smith Va. was that the section drew a distinction between the north and the south. In that respect Williard Mich., Whltely, Hale Me and Smith Va. favored the motion, the last named de claring his opposition to the entire bill. Mr. Wall, colored Fla., made a vio lent speech against tne motion to strike out. He was followed by Messrs. Tremain and Kasson on the same side. The motion to strike out the section was finally adopted by a large majority, and the hill, as thus amended, was then directed to be reported to the house. It authorizes the President to suspend the writ of habeas corpus in certain cases, conditionally increases election machinery in the southern States, and visits with severe penalties all violations of its provisions. The dis cussion developed the fact that qne-half of those present would not be bound by the action of the caucus. Messrs. Pierce, Hawley Conn., and others, openly declared they would vote as they pleased when the bill should come before the house. Mr. Garfield took strong ground against the bill, declaring that if it should be passed it would mean a third Presidential term, to which he was totally opposed. Speaker Blaine followed in a speech, taking a similar view of the question. Mr. Shanks spoke in favor of the bill without adulteration. Tho caucus was not harmonious, some of tho members declaring that the bill, if pas?ed into a law, would in the high est degree prove injurious to the Repub lican party. Mr. Dawes, and several other gentle men who opposed the bill last night, were not present; and during the even ing a number of gentlemen left the cau cus before the conclusion had been reached. The meeting continued till after midnight. A Cincinnati dispatch says that it has transpired that tne contract between Albanl and tlie StraKonh brother was cancelled yes terday by mutual consent, and she lelt ror Europe. She wrs receiving seven hundred and nrty dollars In gold per night, wblcn they claim U more than they could realize from tlie perfonnaucei. The remainder of the troupe rendered 1ihengrin last night to a fine audience. CONTE NTIONAL INTEREST. Three Important Reports from the House Judiciary Committee A Wide Divergence of Opinion. The Majority Admit that it is Contrary to Political Philosophy to Fix a Prlca on Honor, Yet they Fix it. The Minority Sustain their Objections to the Repeal of the 10 per cent. Law by Incontrovertible Argument. Reports from the judiciary committee of the house were submitted yesterday, says the Nashville f7nton and American of Thursday, on the proposition to re peal the conventional interest law. The report of the majority, consisting t)f Judge Gardenhire. the chairman, and Messrs. East, Gibson, Head, Cates, Neal, Ledgerwood aud Cole, is as fol lows: THE MAJTORITV REPORT. The Judiciary committee, to whom was re ferred house bill No. 5, to be entitled " an act to regulate the rate of interest, ana to repeal chapter sixty-nine of tho acts of ISC9-70, passed February 23, 1870," have, according to order, had the same under consideration, and In struct me to report back the same, with the recommcnuauon mat me diii pass, wnen amended as follows, to-wit: That the law take effect from and after the first day of July, 1875. It was thought by your committee that oytunt timetue pnonc generally may learn Its provisions and eovern themselves accord ingly. If It tabes effect lrom and after its pas sage, parties, witnout being aware ot it, may become guilty of usury. Your committee state, also, that house bills No. 46, No. 28, No. &S, and house bill No. 8, also house bill No. on the subject of the rate of interest, have also been considered by the committee, and they recommend the rejection of all the latter. The bill they recommend embraces the conclusions of a majority of the committee, it Is believed to be bad policy to allow a higher rate of interest than other forma of capital will command under exist ing circumstances. Ten per cent, is more than can probably be realized on an invest ment in land, if ten per cent, can be real ized ror me loan of money, of course such money will seek the most profitable invest ment. It Is believed that if the price of money is reduced below, or to a point equal to, the profits and land, then money will be as apt to be vested In lands as in loans. If this is true, then, as the price of money increases the price of land decreases, and e convcrto. It money vested in lands yields as much or more than the interest on loans, there will be mre Surchasers, and the greater the number or uyers the greater will be the price of lands. It is admitted that the flxlng of the price of money is contrary to political philosophy. But it results from another violation of ele mentary principles of political economy. If a privileged few only are allowed to fur nish currency, such monopolists can easlly comblno and produce a scarcity of money. They and their friends then buy the staples of the country at a ruinously low price. When their purchases are made, infla tion builds up large fortunes at the expense of the producers of values. It is believed the true policy is to let every man or company engaged in banking who has the capital and credit. If more currency is then needed by the community, private enterpiise will fur nish it, preoisely as more corn and wheat is produced when there is a great demand for it. tiut, if a certain class by law monopolize the production of wheat and corn, they would not be likely to increase the quantity on account of the demand. They would probably charge an enormous price for what they saw proper to produce, and realize as mucn for a small quantity as for any Increase in the bulk. What a community needs most private enter prise will always supply. Competition, too, will soon supply the article at a reasonable price, whether it be sugar, salt, rice or money. Ir every man of credit, means and integrity was free to engage in banking, money would be furnished at r. reasonable price, and we would need no usury laws to fix the price. When every man is free to produce meat and flour, we need no law to fix tho prices of meat and flour. But If government choo&es to confer on a favored few the right to pro duce meat and flour, the necessity or lixing the price of these articles is obvious enough. What the community most want they will bid high for, and competition willsoon reduce prices to the level of fair profit. Money ;s no excepUon to this aphorism. Government onzht not to assume the guardianship of any class of its children. It ought to give them complete protection ; let no one molest them or make them afraid; give them a speedy remedy for the enforcement of their contracts, and let each work out his own prosperity and happiness. Let there be no monopolies, even of money, but if monopolies must give us a currency, the price must necessarily be fixed. It is proper to state that the committee simp ly recommended the passage of the bill as hereinbefore stated. The reasoning Is that of the chairman. E.L.GARDENHIKET. Chairman Judiciary Committee of the House. MINORITY NEPOKT NUMBER ONE. The undersigned members of the Judiciary commlttee,dtn'ering from the;majority of said committee in their recommendation for the passage of house bill number five, beg leave to submit this minority report: The bill re ferred to proposes the repeal of what is known as the conventional Interest law, which al lows parties to contract for any rate of inter est not exceeding ten per centum. We hardly need, in this place, to trace the history of in terest laws, or enter upon any review of usury, or tho need of, or the efllcacy in any statutory restriction upon tho use of money, or the price for the hire thereof. Sulllce It to say that tho idea and tho practice of govern mental control of money bargains had their origin in a barbarous age, and with a people illiterate and savage, lorty centuries ago, in the darkest ages of the human mind, That, while it is pretended to Justify this control on the authority of the Mosaio code Deut. xxlll, 19 "Thou sbalt not lend on ijury to thy brother," yet those who thus appeal to a religious superstition, forget thatuturj, as there used, meant any gain or profit for the use of money, as well as that this interdiction applied only as between members of the Jewish church, and that they were allowed a carfe blanche as to the rates of interest exacted from the Gentile world. While again this entire restriction is impliedly repealed in the later code, by the great Moses, In Mathew xxv.,17: "Thou oughtcst, there fore, to have put my money to the ex changers, and then, at my coming, I should have received mine own, with wury." In the language of David Hume, one of the ablest of political economists as well as of historians, we would submit that "it Is need less to observe bow unreosonab'e and Iniqui tous are these laws, how Impossible to be exe cuted, and how hurtful to trade if they could ever take place." But the bill in question does not set up new rules as to usury; it only lessens the legal interest rate, by prohibiting parties from bargaining for ten per centum, and limiting them to six per cent. We be lieve that, under the workings of the conven tional interest act, of the twenty-third of Feb ruary, 1870, the interest rate in Tennessee has declined from twelve and one-half per cent, to ten per cent., as is evidenced by trade statistics; and tnat the moneyed capital in the Btate, since the passage of said act, has in creased more tnan two and one-half millions of dollars; and, as these propositions are true; we submit, as a necessary inference or con clusion therefrom, that the repeal of said act will drive from the State tho greater portion of said capital with maybe more, besides and will Increase the interest rate again to twelve and one-half per cent,, or more, tsuch a result as this wou'dgreatly Impair business, lnterfeie with contemplated enterprises and proposed contracts, and in every way aflect the material Interests of our State most detri mentally. Tlie proposition that the un renal lawoi supply and demand regulates and con trols the market price of money, and rides above all statutory rules regaiding it, is of world-wide recognition, and needs no demon stration from your committee. In all other matters the people of Tennessee are left free, each to act and contract for himself. AU other commodities, values and representa tives of values are allowed by our laws to find their own level to bring their own price. Why the need, or where the benefit in this at tempted restriction as to money? In conclu sion we rpcommend for our guidance the adoption of the following proposition, which Mr. Jeremy Bentham says he had been ac customed to lay down to himself, viz: "That no manor ripe years and of sound mind, acting freely, and with his eyes open, ought to be hindered, with a view to bis ad vantage, from making such bargain. In the way of obtaining money as he thinks fit: nor (what Is a necessary consequence) anybody hindered from supplying nlm upon any terms he thinks proper to accede to." Entertaining tnese views,your committee ao recommend that said bill be rejected, and tho law be as declared by said act of twenty-third of February, 1870, believing that the greater freedom allowed to these money contracts thereunder is for the best Interests of our State. Respectfully submitted. HOLMES CUMMINS, JOHN M LEA, LUKE W. FINLAY, GEORGE B. PETERS, Jiu MINORITY REPORT NUMBER TWO. Mr. Cooper, also a member of the judiciary committee, presented a report, in which he states that he is opposed to repealing the law allowing as much as ten per centum per an num to the creditor for the use of money. His opposition is based chiefly upon reasons con nected with the crisis now upon us. He. be lieves it to be a wise policy w the state to fix a rate of interest beyond which the lender cannot charge. If the rate Is too high by law. It falsely educates the public mind. Too many suppose that, because the Stale allows a cer tain percentum to be received, they can make that amount of profit on the use or money and that money Is worth that much. So by false education we establish fictitious values, and strut round In stilts only to fall. In times fully prosperous, ten per centum per annum would be too high, and the rate could be changed without producing n shock, but, as facts exist at present, to turn about and say that no more than six per cent, shall be received would, in hlsjndgment, bo to deal a dangerouB blow at the bualncu relations of the people, honld R rate or interest bo estab lished that Is lew than Uie Actual value-of money, the result would heth.it the borrow ing class would be injured by having to pay a reasonable rate at such a cr.sis, and also to pay the lender for his risk of violating usury laws; whereas, should, a proper rate be al lowed, tne iikiinoou or sucii oppression would not be near so great. At present, ne minks, tea per cent, as the maximum rate ot interest lsaoouinguu LEGISLATIVE. What onr Lntr-Halicra are Doing Hnsliville A Elencro Itcport of Yesterday' JLnbors. at Special to the Appeal Nashville, February 12. New bills in the 6enate: By Mr. Overton: To more effectually detect incendiaries: au thorizing magistrates to institute a full investigation as to tho origin of hres im mediately after they occur. By Mr. Ragland: To amend the criminal laws in relation to grand larceny: ordered printed. The senate bill prohibiting public officers from tippling was dis cussed at length on its tmru reading, it was advocated by Messrs. Hodges and jjogan, anu opposed by Mr. wade on constitutional grounds. The bill was re jected. The senate bill to establish a board ot medical examiners, consisting of five physicians from each division of the Btate, was rejected, Messrs. iSIIis, Boyd and Johnson alone voting in the affirmative these gentlemen all being doctors. The senate bill to punish any attempt to bribe a BCAtejoperto resign, also to punish anyatatcfjulcer for re signing on account of a bhoe, was report ed adversely by.the judiciary committee. Mr. Logan made a strong speech in favor of the measure, in which he re ferred to the Hobbs scandal, and de nounced the action of Hobbs and Dun can in severe terms. The bill passed. In the house, a petition was presented from the citizens of Butherforu, praying for tlie passage of a bill for the relief of solvent debtors. By Mr. Gardener: A resolution, providing that on and after next Monday all bills shall be considered on their second reading, and no rider, by way of amendment, be allowed on the third reading. There was consider able debate on tho bill authorizing the receipt of past-due coupons in the pay ment of one-halt the State taxes, at the rate of sixty cents on the dollar, which was before the house on its second read ing. Mr. Finlay made a speech against the bill, arguing that it proposed to allow holders of the bonds to speculate on the misfortunes of theState, while the small tax-payers would receive no benefit from the measure. Tho evening session and part of the forenoon were devoted to the bill, which was finally rejected 93 to 24. THE TEXAS PACIFIC. All About the Stealing or the Great " Enterprise Tho Recent Decision by tho U. S. Knprcmo Court. Tom. Scott's Change of Frpnt The Next Motb "What an Opposition Paper thinks of the Passage of the Bill. "STEALING A RAILROAD." Under this startling head-line the Cincinati Commercial has a most blis tering article. The occasion is the re view of the decision of the decision of the supremo court of the United States in the matter of the Vicksburg, Shreve- port and Texas railroad. After reciting the sale, and the purchase ol the road by tho parties now in possession, the Commercial proceeds as follows: ''Strange as it may appear, this enor mous fraud was' sustained through all the courts of Louisiana, including the district court of the United States and the circuit court of the United States, to which the case was carried on appeal by the bondholders seeking to obtain the rights of which they had been defraud ed. This furnishes another sad com mentary on the state of public morals and judicial purity iu that misgoverned and unhappy commonwealth. The chief conspirator in this ring who stole the railroad was the Republican chief-Justice of the State of Louisiana, and the judge who sustained the robbery was one of the Republican circuit judges appointed by President Grant. After years of legal controversy the case was finally appealed to the supreme court at Wash ington, and, upon a lull hearing ol the case, that court, without a dis senting voice, reversed the decree of the circuit court in Louisiana: de clared the lien of the mortgage-bondholders to be still valid upon all the property of the "Vicksburg, Shreveport and Texas railroad company; adjudged the sale to Ludeling and his associates fraudulent and void; issued a perpetual injunction commanding them to refrain from disposing of any of the property or effects covered by mortgage; directed the circuit court of Louisiana to appoint a receiver of the property ordered a re sale of the railway for the benefit, first, of the bona fide holders of bonds, se cured by the mortgage, and, secondly, for the benefit of other creditors of the company and its stockholders. The confederates were further oftlered to ac count for all money and property re ceived by them during their eight years fraudulent possession and administra tion or the railway. This remarkable case is most valuable as establishing the fact that these railway rings which have carried things with a high hand in this country for so many years, will at last receive some check when they come to the final fountain-head of justice. The supreme court of the United States is, happily, above those interested consid erations which elsewhere prevail in high judicial quarteis. In spite of the fact that these confederates have so long reaped the fruit of what seemed a suc cessful robbery, they have at last been arrested in their career of wrong-doing, aud compelled to make restitution to the swindled owners or the property. Said Mr. Justice Strong, in delivering the opinion of the supreme court: ' Were we to sustain such a. sale, we should sanction a great moral and legal wrong, give encouragement to faithless ness to trusts and confidence reposed, and countenance combinations to wrest, by the lorms or law, from the unin formed and confiding their iust rights.' This is an equitable judgment, which the whole country has cause to reioice iu." TOM. SCOTT'S CHANGE OP FRONT. It is believed Tom. Scott has aban doned his plan of attempting to secure the passage of the Texas Pacific job as an independent measure, and will now devote his energies to secure its adoption in au appropriation bill. The arrival of Senator Stewart, chairman of the sen ate committee of Pacific railroads, who is believed to be unalterably opposed to the Scott scheme, iusures the deleat of that bill in tlie senate committeo. There, is a fcinall probability that the plan to attach the job to an appropriation bill can be successful. In the senate new legislation in an appropriation bill is possible, but in the house a single objec tion under the rules will prevent the measure, which is new legislation, from being attached to an appropriation bill. The only way to accomplish this would be to secure strength enough to place it on an appropriation bill, under a suspen sion of the rules, by a two-thirds vote. It does not seem probable that any such vote can be secured. CHANCES FOR ITS PASSAGE. Washington Special to Chicago Tribune. The vote in the eenate Pacific railroad committee on Tom Scott's Pacific rail road bill stood to-day five to five. The committee adjourned to meet Monday. The Tom Scott people say to-night that at the next meeting there will be a ma jority in favor of tho bill, as they claim that Stewart, chairman of the commit tee, who is expected to-morrow, ill vote far the bill. It is extremely doubt ful whether he will so vote, as his per sonal interests are understood to be al lied with the Central Pacific railroad company, whose officers are among the strongest opponents of the Texas Pacific here. Their opposition, however, nas a very greedy origin. They are only op posed to it because they cannot control the construction of the western half. The Texas Pacific bill in the house side of the capitol is still in the hands of the sub-committee, and it is very doubtful when it will be reported. The commit tee is composed of thirteen members, but there is one vacancy, occasioned by the death of Alvah Crocker, of Massa chusetts. The following members are known to favor the bill: Messrs. Sy- her, Killinger, Houghton, Wells and tandlford. The following are un changeably against it : Messrs. Sawyer, of Wisconsin, chairman; Williams, of Michigan; Corwin, of Illinois; M'Dill, of Iowa, and Neal, of Ohio. The other two members, Messrs. Barnard and Creamer, doubtful, with a probability of their support for the bill. Should they divide, the committee would be a tie, and the member yet to be appointed for the vacancy would have the casting vote. This would place a new and very great responsibility upon Speaker Blaine. Louisiana Affairs. New Orleans. February 12. In the Conservative caucus to-day, the motion to appoint a committee of three to draw up a plan of compromise to be submit ted to the Hahn house, failed to seccre' second. A motion was then made to adjourn sine die, which failed. The following resolution was then offered: Resolved, That we do now adjourn, subject to tne can or me speaKer, lion. Lu a. w mz. each member binding himself, by oath, to re frain fiom Independent action, in his repre sentative capacity, as regards the Hahn house. so called, during such adjournment. On motion, ail the resolutions offered were laid on the table. A motion to go into executive session was carried, it being intimated that something import ant was to be brought before the caucus relative to adjustment. DIED. AIKIN Friday, February 12th, of pneumo nia, Aikin, an old and esteemed druggist of this city. Services by Rev. Mr. Tupper, at the Church of the Good Shepherd, Mill street, Chelsea, at nine o'clock this (SATURDAY) morning. Friends of the family are invited to attend. Anniversary of Odd-Fellowship. rriHE Committee appointed by the celebrating the Mftv- lxth Anni- ?WVsS vciam ui ouiDiivttu uuu-r gjiunoujj,aiu . u speotfully requested to meet in the Trustees room, at Odd-Fellows Hall, this (SATURDAY) evening at 714 o'clock, for the purpose of or ganizing. g.B. GARRETT. MASONIC NOTICE. o'nlock. In the Select Master's Decree. All Council Masons in good repute made in a regular Council fraternally Invited. By order of A.J. WHEELER, T. I. M. Attest: C. H. Myeks, Recorder. NOTICE. rrVHK creditors of the estate of Louisa Fisher, X deceased, late of Memphis, are hereby no tified to come in and prove their aocounts and demands against said estate, within the pre scribed time, or they will be debarred. telosa J.T.BLAISE, Administrator. . T. MAGTJIRE, OBNA MENTAL OAK DEMKK ASI F1.0KIST, TAKES this method to Inform the citizens or Memphis that he has had pnany years experience in the management of Green houses and laying out Flower Gardens, Lawns, Cemetery Lots, etc., in Charleston.8. C, and Nashville and Columbia, Tenn. He is now prepared to do any kind of work in his line. Refers to Col. Robert F. Looney, L. H. Estes, of Hanson. Weatherford A Estes, 243 Main street. Address care this office. fe!3 ais BmBT Fort Pickering, MEMPHIS TENNESSEE L&8-SR BEER ADD ALE. Orders left at No. 177 Main itreet will bo promptly attended to. FRANCIS 8CHULZ. Non-Kesident Notice. No. 521 In the Second Chancery Conrt of Shelby county, Tennessee. G. O. Buntyn et al vs. J. Newton Brown. In this cause on the 11th February. 1875, the death of the defendant, J. Newton Brown, was suggested and proved, and scire facias ordered against tho heirs, etc., and it also ap- S earing from affidavit filed that Duncan rown, one of the heirs of said J. Newton Brown, deceased, is a resident of the State of Alabama and a non-resident of the state ef It is therefore ordered, by tho Clerk and Master, That he make his appearance herein, at the courthouse of the Second Chancery Court, in the city of Memphis, Tennessee, on or before the first Monday in April, 1S75, and show cause if any he have, why this suit should not be revived against him as one of the children and heirs at law of the said J. Newton Brown, deceased, and that a copy of this order be published once a week, for four successive weeks, in the Memphis Appeal. Done at office this February 12,1875. M. D. L. STEWART, Clerk and Master. By Geo. Mallery, D. C. and M. Estes & EUett, sols, for compl'ta. fe!3 sa Trustee's Sale. rY virtue of a deed of trust made tome on D the 29th day of January, 1874, by A. B. AVlggs and Annie E. "Wiggs, and registered in k !. pace seo, for the purpose of securing certain indebtedness therein mentioned, I will, on the 15th day of March, 1875. on the southwest corner of Madison and Main streets, within legal hours, sell at public out cry, to the highest bidder, for cash, the prop erty herein described, to-wit: Situate in Shel by county, State of Tennessee, being part of a tract of 16 43-100 icres, situate about three miles east of the city of Memphis, on the north margin of the Memphis and Charleston rail road, which tract contains five acres, and is bounded as follows: Beginning at a (take on tha southeast corner of said 16 43-100 acre tract 50 feet from, the center of said railroad; run ning thence west with the south line of said tract of land 210 feet to a stake also 50 feel from the center of said road; thence west on a par allel line with the eastern boundary line of said tract one thousand and thirty-seven feet to a stake ; thence east to the eastern boundary line of said 16 43-100 acre tract 210 leet; thence south along said eastern boundaiy to the be ginning, it being the same tract or lot of land conveyed by W. B. Miller to Samuel M. Nel son the first of October. 1869 together with the Improvements thereon and the appur tenances thereto belonging. Redemption waived and title believed to be good, but I sell and convey as trustee only. fe!3 THOS. J. BEAM LEY, Trustee. L. P. COOP2B, 33 South Conrt Street. Will practice in the city courts and also prac tice in DeSoto, Panola, and Tate counties, Mississippi. WASHINGTON FIRE AND MARINE NSURANCE COMPANY Offlce5 1-2 MADISON ST., MEMPHIS, TENNESSEE. Policies Issued upon Fire, Marine and Inland risks at equitable rates. J. W. JEFFERSON, President. G. T. RAMBAUT, Tice-Pres't. G. W. L. CROOK, Secretary. J. W. JEFFERSON, of J. W. Jefferson 4 Co. T. B. DILLARD, Cotton Factor. J. N. OLIVER, of Oliver, FInnle & Co, JONATHAN RICE, of Rlce.Htix &Co. WM. SIMPSON, or Pettll Simpson. J. R. GODWIN, Cotton Factor. O. V. RAMBAUT, of E. M. Apperson & Co. J. E. HANDLE, J. W. HE.1TIT, I A. S. LlVEitMORE, Formerly or Randlo A Formerly or Kandle .t Heath, Formerly Uen'l SupUM.A T. Heath. and J. W. Heath i Co. R. R., also M. & L. K. R. Y. CHICKASAW IRONWORKS RAND1.E, HEATH & L1VERMORE, (Knccesaora to J. W. llentli Co.) PROPHISTORB, o MANUFACTURERS Of COTTON PRESSES, HORSE POWERS, GIN GEARING, IRON Buildings and Fronts, Air and Cellar Grating, all kinds Iron and Brass Castings. Cook. & Heath s Improved Jail Cells, Doors and Windows. RAILROAD AND STEAMBOAT WORK A SPECIALTY. All kinds or Machinery Furnished and Repaired. Orders solicited and promptly executed. Cash paid for old Iron. Bnmnncl Copper TO STRANGERS -TO On the n mm of mm B. LOWENSTEIN & BROS. Would respectfully announce to the THOUSANDS OF STRANGERS irliorn oar MARDI 6BAS CELEBRATION will attract to the city, that they will eontlaue to sell their large and varied stoek of STAPLE AND FANCY AT SAO THIS WILL BE A RARE OPPORTUNITY FOR THE PURCHASE OF liiH'il ii Domestic Dry H AT PRICES FAB BELOW THEIR ACTUAL VALUE, AND WILL GIVE VISITORS A CHANCE, BY SECURING THE Bargains we Offer, TO, IN A MEASURE, REPAY THEM FOR THE OUTLAY THEIR ADVENT HERE ENTAILS. WE WOULD PARTICULARLY CALL THE ATTENTION TO OUR SUPERB LINE OF READY-MADE SILK COSTUMES, POPLIN AND SERGE COSTUMES, SATINE, DIAGONAL and ALPACA SUITS, CLOAKS, SHAWLS and FURS, AT PEICES FAR BELOW COST. LARGEST AND MOST VARIED ASSORTMENT IN THE SOUTHWEST. Every Description of Garment Made to Order on Short Notice, and Satisfaction Guaranteed. 6. Leweiistein & Brothers 242, 244 and 246 Main Street, comer Jefferson. TAYLOR, -HAVING DETERMINED TC Close Out Their Si Department! WILL OFFER, REGARDLESS OF COST, FOR CASH, -THEIR ENTIRE UK LADIES' UNDERWEAR, SHAWIiS, CLOAKS, SUITS and LACE POINTS. CALL IF YOU YFIHH BARGAINS, AT 31 Main Street - - W. A. GAGE GAGE & FISHER, COTTON FACTORS, SO IBOST gTESEST, REYNO 66 We have to-day received the first shipment of this Famous llracd of Hams the finest flavored we have ever sold. OLIVER, FINHIE & CO. AND VISITORS THE- 9tk Inst. RIFIH PRICES! OF THE LADIES JOY & CO LINE OF- Y SILKS! Opposite JPeabody, C. G. FLSIIEK. Memphis, Tennessee. FANG HAMS."