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ilijc Httsselltrilte Ilcmorrat.
.» \MIS l. It \TTEN FIELD, I'd it or. j- DEVOTED TO LOCAL, POLITICAL, COMMERCIAL, AGRICULTURAL AND LITERARY INTELLIGENCE. j B. F. JOBE, Business Managei VOL 1 RUSSELLVILLE, ARK., THURSDAY, APRIL 22, 1875. NO i: THE DEMOCRAT. — IT Ill.ISKKD A I — RUSSELLVILLE, ARKANSAS, Kvery Thursday Me g. By ihe Russellville Frinting Ajsocation KATKS OK AlJVKKTISIXG : U. | 3m. I *». i 1* M ; s„u»re . ' .. I * 3 UO | » 1 00 I *12 UO *20 0.1 - -. nan- ... I UO 00 i is 00 .Vi 00 a s'niarcs . . . I'-Wl 12 00 1 24 IK' 40 u ■1 ■s.iuarr: ... S 00 I is oo | 20 00 SO 00 f S olum. 3b 00 | OO Ul'i tWUU 150 Oo l arils or coiuintntieatione of a personal character, if admissible at all, double llie iisiiul rates, and strictly in advance. 4 ommunicat ions for titn Agricultural de partment should lie handed in liy 12 in. i ri .tay. Those intended for the Editorial or local departments by Wednesday noon. Advertisements by Wednesday morning. Special notices double tbe alcove rates ( Editorial notices twenty-live cents a line for llie first and fifteen cents for eaeli addi tion insertion. All transient advertisements cash in advance. Marriage amt obituary j notices not to exceed four lines, free; over four twenty centt per line. TK It MS; 1 year (in advance).%1 50 | 0 inmtIts. <•’ y in tilths.^ Single copy, •’> cents. Tbe 11KMOCKAT is the best advertising sheet in (lie State. Its extensive circulation in llie Southwest, among tbe planters, mer chants and business men, renders it espe cially desirable to those who wish to real'll tlie general and sithstancinl public by ltd vertising their respective business and in 11■rusts. Tiie Democrat Has the largest circulation of any paper in the state, outside of Little ltork, ami is not surpassed by any other paper in the South -.vest being circulated in nearly every town and city in tbc south and west, and read by an intelligent, enterprising people. No man's name put on our new Subscrlp . (ion hook, without the money paid down. I Don’t ask us to send the Democh at without ] the money, for you will positively be re- | liiscd, —one and all. All bills with our advertisers are to be j settled at the cud of every month without ; fail, and advertisements not settled for at1 that time will be discontinued, without Ho le e, uulcsespcrial arrangements are made. All local notices must lie paid for at the rate of ten cent* per line, for each Insertion. This rule is imperative and must be ad hered to. MAIL SCHEDULE. KASTi A a rives ----- S:,V>p. in It Eh .arts ------ S:15 it* in WEST: Arrives ----- Hits a. ui Depart* .... 2:SS p. in NORTH: ARRIVES, Mom, Wed., and 1 rl.. 11 tOO a. in Depart* “ " itW 1’-nl SOI TH: Arrives.ft:00 a. tu ltEPAKTS ----- U:15 p. m The Eastern, Western and Southern mails arrive and depart daily, Sundays excepted. J. ARTlIflt LItWIN, 1*. M. RELICIOUS NOTICES. (TRBKRI.ASU 1’nESUVT'ERl'iN < lll’RCII — On Main street. Service* every fourth Sunday at HI o'clock a. in. and o'clock |>. m. All are invited. H. SMITH, Paafanr. Baptist i hi iiih—on Main »tr«et. Ser vices every third Sabbath. All are Invited to attend. Uev. w. W.< run Card, Pat tor Mimoui-r ( hi Kill -■.will—every second Sabbath. All are invited, lo attend. Key. w. .1. DODSON, Pastor. Methopist Kr i si op a i. (ill iicii.—Every first * Sundav at 11 o'clock a. in. and ai I1, I'delm k p. m. All are invited. Rev. ENOCH JONES, l’asto.. sl'NDAY SCHOOL at the Presbyterian church every sabbath at N o’clee.k a. in. All children and parents are respectfully invited to attend. 1C .1. \\ I LsoN. Superintendent. t II in ST IAN ( ill Him.— Lldcr .1. It. Dalton, preaches every second Lord’s day in cat li month, and saturday nijflit before, at tin* Prairie Drove church, one mile east ol It iiH»cil\iHe. _ Fraternal. a M A sons—Meet on Main Mreot on h\ the li.-t and third Saturdays in each .Month. J. W . Uussell, W. M. .1. 1L /yr \ Krw ill Sec’tv. I. O. C. T. M,., t every We.lm'.nln' iiijrlit of <'uHi w eek. .1. \\ . IIII.O'II, 11 • 1 • 1 < .1. F. Mmi'lity, Secretary. ___ STATE OFFICERS. l.ovcnior. '■ *1 • 4■ ' 1J1 • ' 'j’*• r.-Uiry of moio. 1.. I. 111. \ 1 1.11 \ml tin-, " >». H MU I I I. Trl'innvi, >'• \itornev tJencral, s- ' <.111.". , Mate Iiui‘1-. •l1N1TM1ir.",'v: ( ..'■ «• ■- 'h .V > l. rk of i liancory < mill. '• «• V > 1 1 '•li' '-"'I ' •' "«•>"1- 1 >■: N".'V' ■ A’-'.i.-iate*, M . M. llar»i« »n, and David Walker. 5th Judicial District. torn).I of tin* counties of Pope, John son. Kia.iklin, < iawfonl, SebastiHii, sarber end ^ ell. * nvuic d mljft*.W. M • M ' Pros \«• y ...1. P- H » Lit ". 4th Senatorial Dist. _ >enalor.< 'll A**. K. 'I'1 > • 11-. A . «,<. Hi—i . i—i mnmmmmmmmmmmmmmmmmamm COUNTY OFFICERS. representative, ...V D. >11 IN N. "In-rill.dOS. PLTTY. < In k. d. It A A Ll». t onntv dndK‘*» Kit ASK '1 11 A< II. \ .„e~>.*r, t.. W. o. DA V I>. 'I rea>urer, "• 1C PAltKI.lt. t oroner, I Nh, p, LANtil'OlfD. Surveyor,. d AS. I. PO'i T>. CITY OFFICERS._ Minor. .1C W. « LI. \ \ Pit. iC’ionler. ... II. L. WIIITL. I r< a nr< r.I N< ► \ Lit WIN. *: ' *'* i ‘ "inni i inner.. .1 As. W . Kl ""I LI., Tw" u Marshal,.C. 1 ■ LI KLK. I ntkkn ATION A ii KX II1 Itl TION, 1«7<». Circular Letter ol tin* Com missioner*. Akkanmam—We now urge, ami will expect you t<> prepare, with out delay, l'or “America's centeu u i J.” AH material for exhibition,, save that of a perishable nature. - according to regulations and in structions, must be ready for de livery at Fairmonnt Park, Phila dolphin, Pa., during the coming; winter. Articles ol a perishable nature can be delivered afterward, before the opening day of the ex hibition, May 10, 1870. Trans-! portatioy and space, we trust, will be afforded to all who desire to contribute or exhibit. Get ready, and encourage each other to help us in tlie good work. All should struggle to advance the prosperi ty of our people and benefit man kind. C'ENTFNNIAI. FINANCE BOARD. The net creating the centennial board of finance, approved June 1, 1372, for celebrating the centen nial anniversary of American Independence, by holding an in ternational exhibition in Phila delphia in 1870, appointed the following named persons for Ar kansas: State at Large—A. W. Bishop, Jas. Torrans, I) C. Casey and R. Weeks. First District—John T. Jones and Win. 11. Miller. Second district—Henry B. AIor.se and James W. Mason. ler aud Sain. W. Williams. For additional district—II. A. Milieu and Joseph Stanley. The powers aud duties of this incorporate committee are do lined by the act creating it. The object of this committee and scope of office in each state is to obtain j funds, b\ every means at com mand, to aid in the grand celebra tion. National banks throughout the country are empowered to re ceive subscribtions, and were sup plied with the necessary books and forms for that purpose. CLASSIFICATION. The general regulations for ex hibitions in the United State al low ten departments, with snbdi- j visions of classes and groups. The departments arc as follows First—Haw material, mineral, vegetable and animal. Second—.Materials and manu factures used for food, or in tbe arts, the result of extraction or combining processes. Third—Textile and fertile fab rics, apparel, costumes and orna ments of the person. Fourth—Furniture and manu factures of general use in con struction, and in dwellings. Fifth—'l'ools, implements, ma chines and processes. Sixth—Motors and transporta tion. Seventh—Apparatus and meth- ! oils for the increase and diffusion of knowledge. . j Eighth—Engineering, public ! works, architecture, etc. V 1 111 11 I t I.. rri'anliir* ■ • • . C' 1 arts. Tenth—Objects illustrating cf forts for the improvement of phys ical, intellectual anti moral condi tion of man. , The following bureaus of ad ministration were established by the cxe utivecommittee at its last session, viz: Installation, trails portation, foreign, machinery, ag riculture, horticulture and line arts. There will be a chief for j each bureau, who will he subject, to the directions of the director general, and charged with the or ganization of the department us signed him, and tlie care of such subjects as may he entrusted to his bureau. Applications for space should be addressed in form, as soon as practicable, to director-general A. T. (•osliorn, No.‘JO-1 Walnut street, Philadelphia. The county clerks in each conn tv of the slate will have a docu ment showing the system of clas silieation, form of application, all I complete, for the exposition, and they will have authority to receipt ( 1 for all contributions for exhibi lion deposited with thcii, by par tics or persons everywhere throughout the state, and will keep a careful record according to ; classification of the same. STATIC OKI. XXIV ATIoX. To urge forward tlm work as rapidly as possible, to carry out j our plans for the success of the ! enterprise, an “advisory board," or committee, will lie immediately tormed at the capital, and ”eo op erutive county boards,” or com mittees, at once organize,, in even county in the state. 11 ■ must ail endeavor to arouse e;;., .ntion and excite local interest in the objects of tiie exhibition. The members tied of the present legislature. 1 ik tru.t. will be prominent in all the county co-operative hoards. Throughout the state the repre sentative from each county is solic ited to net ns chairman of the lo cal co-operative boards, and to or ganize said boards, with county clerk as secretary. State senators elect will in each senatorial district kindly act ns an advisory to the count} boards in their respective districts. .Members of the press, the learned professions, and all state officers are cordially invited to render all possible assistance as honorary collateral co-operatives of the commission. All local county boards, as soon [is their organizations are com pleted, will report through their secretary to the chairman of the state advisory board at Little Rock. Col. 11. L. Fletcher. GKO. W. LAWRENCE, GEO. E. DODGE, Commissioners. 1770—1870. office of j State «'entksniai. Commission.^ Little itock, April 12, 1875. 5 The state commissioners, with [i view of securing prompt and K-tive co-operation from their fellow-citizens, have selected as a state advisory board the follow ing gentlemen: Fuou tiie City of Little Rock—II. L. Fletcher chairman; J. M. Pomeroy, secretary; Gordon N. Pcay, Patrick Raleigh, Henry Page, James II. Barton, J. T. frezevnut, jr., A. H. Sevier, J. W. Bcidlcinau, Fred. Kramer, Charles Redmond, Dr. K. V. Deuell, Dr. . I It I ■ i /I T» • (V. xj. mn.Nit un, immiii u . & t u r, Lognu II. Roots, G. 1*. (J. Rum bough, Dr. L. Augspath, Wm. K. Woodruff, jr., Philip Pfeifer, S. L. Griffith, N. S. Howe. M. L. Bell, Dr. J. AI. Holcomb, Pine Bluff. Dr. E. T. .Dale, Texarkana. David Walker, jr., Beutouvilie. Dr. Wm. Lawrence, Batesville. Rev. Wm. C. Stout, Lewisburg. Gen. D. 11. Reynolds, Lake Vil lage. Dr. J. A. Dibrcll, Van Burcn. Dr. E. R. Du Vail, Wm. Fish back, Fort Smith. J. E. Bennett, Dr. 1). A. Lin cliieuin, Helena. W. 11. llowes, Forrest City. Dr. Bragg, Camden. Dr. W. P. Hart, Washington. W. I). Neely, Arkadelphia. Dr. J. N. Owens, Alonticello. Jordan E, Cravens, Clarksville. In addition to the gentlemen above named, all state officers are ex-officio members of the state advisory board. The board will organize at once and proceed to the appointment of comity boards throughout the state, with the clerk of each coun ty as secretary thereof. It is imperatively necessary that steps be at once taken looking to a well rmrunized and cmiiuncd state or ganizutiou, with county blanches extending throughout the entire state, so that the main portion of our work will be accomplished be fore the close of the present year. Ark ansas will be afforded an equal opportunity with the most highly favored of her sister states to display before the world those rich treasures which have hereto fore been know only under the rather vague designation of “un developed resources.” If we neglect to improve this golden opportunity we can blame only ourselves if, hereafter, we find ourselves as a state and a people unknown to the outside world, or known only through the misunderstanding and misrepre sentation under which we have to a great extent suffered heretofore. Geo. W. Lawrence, Geo. K. Dodue, Centennial Coins, for Arkansas. The Benedict Arnold house at New Haven Ct., is being demol ished to make room for a neigh boring store. It was built be tween 1050 and 1060, ot brick brought from Holland, and was not only the lodging place of Ben edict Arnold, but the scene of his marriage. Mr. Dutcher, of Herkimer, N. Y., has just discovered the mean ing of putting his foot in it. It was a tree which had been split op .ti by the wind, and it swung back, the split cloved on him. and M r. Dutcher lost a leg. IMPERIAL GRANT. j * " ANDREW JOHNSON ON THE SITUATION. The Liberties of the People Almost Done. Stirring Appeal for Freed obi, .the Constitution and the I Country. [CONTINUED FROM LAST WEEK.] REMINISCENCES OK JACKSON. We femeinbor very well, I pre sume every Senator here will re member, the famous resolutions that were brought forward years ago by the distinguished Senator from Kentucky, Mr. Clay, with reference to General Jackson, the resolutions condemning him for removing the deposits—condemu ’ing and censuring him in strong terms. Both houses of Congress were together sitting as the Leg islative Department of the gov ernment, and notwithstanding the Senate passed those resolutions, it was considered and was deter mined illegitimate, as it was not in the power of the Senate to pass upon the Executive, unless they were sitting as a court of im peachment. But now we are call cd upon in the Senate to approve of the acts of the President of the United States. The nation in reference to the resolution that was adopted condemning General Jackson, when he was President of the United States, and when both houses of ('ongress were in session, and when they were con vened under the provisions of the constitution, and when they were acting in their legislative capaci ty, repudiated the action of the Senate, and years afterward tli'Osc resolutions were expunged from the journal of the Senate. Now, it seems to me that should settle the question most clearly; that we have no ant' ority to act upon a resolution of this kind, and es pecially so in the absence of the other house. There are many things that are as legitimate loi ns to express-an opinion upon as upon this resolution. What does this resolution propose? It seems it has required great cure to pre pare it. The first one introduced by the Senator from Indiana (.Mr. Morton) was drawn up in some what broader terms; perhaps too broad for some members of the Senate to support. Then the Senator from New Jersey (Mr. Frolinghuysen) introduced a res olution seemingly not so broad as the one introduced by the Senator from Indiana. It seems to nar row it down to almost an abstract idea, but when we come to get at it in substance the resolutions are the same, a mere modification in the matter of verbiage to suit the particular views of some individ uals, and it does not effect the substance in the slightest degree. It is simply calling upon the Sen ate to express an opinion with reference to Executive conduct in the organization of tiu State gov ernment of Louisiana and approve of that action. FoilVIKK CorilSE OF THE GOVEUN MKNT. Now the query comes up, What has been the course of the gov ernment with reference to cases of this kind? I will refer you to one for the sake of making an in troduction to what 1 am going to say. That was the case which occurred in IKliti. We found in the state of Tennessee, in the or ganization of the government there, that there was a Governor elected and a legislature elected under an amended constitution, which had been adopted by the people in convention. The legis lature was convened, the governor was qualified and in the discharge ' of his duties as governor of the state. Here was the legislative department, here was the cxecu ! tive department, co-ordinate branches of the government. The Judicial Department was also in full operation, mid each one ol vliesc branches of the goverumenl moved in if ' appropriate sphere land one had no right to cneroael upon the rights of the other. When this legislature convened there was a difference of opinion between the governor of the state and the legislature, and that dif | l'erence of opinion became almost i factious. The legislature became ( : refractory and the Governor be jeame refractory. The governor ' undertook to control the legisla ! mre and the legislature refused i to have a quorum. There was a contest between two departments ! of the government. The govern ; or wanted his policy carried out, his measures acted upon. The legislature was opposed to them, and, for the purpose of deterring the governor from carrying out his plans, it refused to compel a ! quorum to be in attendance, and j hence the contest and the struggle j between the two. According to ! the constitution they were co-or dinate branches of the govern ment, and one hud no right to en crouch upon the other. We know that provisions is made in nearly all the constitutions. Perhaps in all of them certain rules arc laid down in regard to the organiza tion of the government. Certain rules are prescribed for the Exec utive Department, and certain rules are prescribed for the legis-j lative department. THE LEGISLATURE RULES ITSELF. The legislature has the power to be the judge of the qrtnlifica- j tions and election of its own mem- j hers. It lias the right to prescribe rules for its own government; it has tlie power to compel me at tendance of absent members, thereby making inherent in that body the power to preserve its or-1 ganization, and the responsibility j to do that is with the legislature and not with the executive. Hence to defeat some measures that were favored and advocated by the Executive Department the legislature reduced its number below a quorum and the struggle beuan. The Executive under took to take charge of the legisla ture and to. have the members brought in and compel them to act. Some of the members tendered their resignations, which were rejected by the governor. Others absented themselves or. refused to vole, and reduced the , House below a quorum. Now, here is the precise case that you have in Louisiana. Here is a struggle between the government ment and contending members, for scats in the legislature; but | the main issue is between the leg islnturo and the governor. It is conceded by all who have spoken on this subject that the military were those obeying the behests of the governor to organize the leg islature, and to organize the legis lature that favored him. In prin tuple it is precisely tuc same case. THE M1UTAUY IN TENNESSEE. Now what was done in the case that I have referred to? There was an attempt to force members to act in the legislature by the governor refusing to accept their resignations. It was not for them to organize the legislature; it was ! not for the governor to compel the attendance of absent members. The governor applied to the mili tary commander of the district for assistance in bringing the lugitive members back to their scats, and the following correspondence took place. General Thomas was then ! in command of that department and lie was induced by the go\- j j ernor to apply to the General ot j the army here at that time loi military aid to aid governor; Brownlow to organize the legis lature:— Xasiivii.i.e. 'i’eim., July 14, 1806. To I.iKi r. Gknkuai. Oiiant:— Some of the members of the Tenn essee General Assembly conduct j 1 themselves In a very refractory man-! mu', absenting themselves to pre vent a ijuoriiui. This Is an obstmc- i t but to business. Tbo <ioveruor can not manage them with the means at his disposal and lias applied to me j for military assistance. Shall 1 fUt' nisli it? GKOKGK II. THOM AS, Major General ('omimiudlllg. Tliis dispatcb . was scut to tile General of the Army at that time, land in saying that 1 do not wish to mention any names- It is not my intention to indulge in a sin gle personal expression but to speak of public acts in a manner that a public man has a right to speak of them. This despatch was brought to the Secretary of War, and the Secretary of War brought it to the president of the United States, and the following despatch was prepared and for warded to General Thomas, to which I call the attention of tlie Senate:— Washington,' D. July 17, 1800. General Grant will instruct Gen. l'lioinas that the facts stated in his telegram do not warrant the inter ference of tlie military. The admin istration of tlie laws and the preser vation of the peace in N'asliville be long properly to tlie State authori ties, and tlie duty of the United States authorities is not to interfere n any way in tlie controversy be ween the public authorities of the ■State, and General Thomas will ‘trictly abstain from any interfer mee between them. rilE PARALLEL CASE IX LOUISIANA. Here is a precise ease, and that vas the action of tlie government. It was believed that it was a •ivil strife—a contest between wo divisions ofthe civil govern nent—and was a ease as stated u the telegram sent back to Gen. rkoiuas, similar to tlie one in Louisiana. That despatch was signed by the Secretary of War, mil was written in the presence if tlie president and sent to Gen. Hi ant to send to Gen. Thomas. He was told that this was not a •ase calling for tlie interference >i me mimury, auu nv pji-uuai Fhomas) should abstain from in icrfcrence under any circumstan ces whatever. It would seem ;hat this marks the line between ;hc civil and military authorities. I'here is the precedent of the gov mimcnt in that ease, and the i-ases are almost parallel, and that ivas what the government did hen. What arc we told now? IVc see, then, that the present President of the United States ivas familiar with and understood a*hut was the action of the gov ernment in case of this kind, and jf the military and civil authori ses. We see, then, that the (jues ion was not unknown to him, and ae has not acted without proper md sufficient information upon the subject. If he has been informed >f and acted and carried out the >rder or telegram that I have cad, lie must have inderstood it and have known hat it was the true doctrine and Manciple upon which cases of this cind should be managed by the Military. [COXTlXVKIr X K.X r W KKK. ] Slbct Resumption. A Washington dispatch says: ‘The government has secured a arge amount of silver bullion at •easonable rates, and coining will jc pushed forward at once. The rarious mints are working full .into now on trade dollars, for which there has been quite a de nand, on centennial tokens, and m dimes, besides the regular gold , L'oiungc. All the dies are ready jxeept for twenty cent pieces, and they will soon be completed, l'liere are many matters of detail to lie attended to before com mencing silver resumption, and regulations must be carefully pre pared when the treasury commcn •es paying silver. The bullion m hand for the purpose of com mencing is sufficient, with alloy, to make $2,500,000 in five, ten, twenty, twenty-five and fifty-cent pieces. When they are coined the treasury will commence, and it is believed that mints can keep up the supply after that. It is probable silver resumption will begin in two or three months.’’ Zion's Herald has an article on ‘•Hindrances to Faith,” though the reader will peruse it in vain for any mention of tight boots. A paper in Southern Illinois re grets that it went to press “one day to early to record the death of John Bates.” This is not ipiite as cool as the paper which said: “Just as we are going to press John Smith being run over by the ears.” DEARTH OP' CURRENCY AT THE SOUTH. Depressing Effect on Business. An Inflated Currency not tlic Remedy. Industry and Economy, the Payment of Debts and the Accumulation of Mer chantable property, Our Only Relief. Bank Note Circulation at the West and South. Soon after the panic of 1873 and the shrinkage of values of of property and depression of business which followed it, there came a clamor from the Western and Southern States for more pa per money. According to a host of speakers and writers, who as sumed to represent that portion of the country, all that was needed to restore its former prosperity was an increase of the national circulating medium. Only create an abundance of greenbacks or national bank notes and commerce and industry would revive as the parched herbage of the held re vives under the benign influence of the summer shower. Let the Government printing presses go to^Jwork and send out their life giving streams, and the desert, would blossom as the rose, the si lent factories would hum again, the'idle shop-keeper would become busy, and the poorjfarmer could sell Ills WUITIL K.VLU iic « which would make speculators in prairie lands rejoice like a Wall street bull when lie has got the bears in a tight place. It was in vain to reply to their eloquence, that the evil lay too deep to be reached by so superficial a reme dy, that no hocus poemJ could make a poor and indebted people rich, nor could legislation transfer wealth from one quarter of the country to another. The clamor of the inflationists prevail ed, and in June, 1871, Cqpgress passed an act giving the Western and Southern States the privilege of increasing their national bank note circulation by the sum of $55 000,000. That law has now been in oper ation more than nine months, and with what result a recent report of the < ’omptroller of the currency shows. Instead of availing them selves of the fiercely demanded opportunity of augmenting their bank-note circulation, the W'cstciu and Sounthern states have voluntarily given up over $10,800,000 of what they had! In other words, when the matter was put to the proof, it was found that those States, instead of being de prived of the circulation to which they were legitimately entitled by their resources, actually had $10, 800,000 more than they qoulu keep! The banks of Illinois sur rendered $3,030,000, or nearly one third of the who'c amount and it is worthy of remark that it was the representatives of this state who made the greatest out cry about the injustice with which their constituents were treated. Following out the same policy of permitting an unlimited ex pansion of national hank notes, another act was passed last Juuu arv, removing all restrictions up on the number of national banks, and the amount of their circula tion. The practical result lias been that nearly all the new banks formed under this act have been in the Eastern and Middle States, and the call for .increased circula tion has come from the same quarter. For instance, during March these States added to their hank capital $1.-180,000, and to i their circulation $810,000, while I for the Western and Southern [ States the amounts wore only $310,000 of new capital, and $00, i 000 of new circulation. It is seldom that the abstract laws of finance receive such a striking exemplification us nas i been furnished in this ease. Dur I ing the w hole of the controversy lover the national currency, The Sun, in common with all journals i edited by men of sound financial '1 j principles, lias insisted that tli 1 ! dearth of currency at the Wei and South, of which it did m dispute t'.ie existence, was owin n , to causes which no acts of ('at gross could remove. Events hav Justified the assertion and deni onstrated that recuperation of tli business^ of that section can b 5 effected only bjr industry am ' j economy, the payment of debt | and the accumulation ol mer cliantable property.—. . FROM CHICAGO. — | Tlio Grand Army of the Re public—A Noble Precedent— The Bloody Chasm Clos ing—The Blue and the Gray United—Glo ry to Illinois [Special Correspondence of L. R. Gazette. Chicago, April 8, 1875. A very remarkable occurrence took place last evening at the Sherman house. A meeting ol the several committees appointed to make suitable arrangements for the reunion of the federal soldiers and sailors of the late war on the 12th prox. was there held. The attendance was quite numerous, and of truly representative char acter. Among the notables point ed out to me by a friend, Col. S. W. Scribner, were the present mayor, Mr. Colvin, Col. Ricaby, Gen. Cameron, Gen. Julius White, Phil. Iloync, esq., Capt. James Stewart, Col. J. C. Rankin, Gen. Sherman, Col. Sullivan, of the Journal, Col. Finnerty, of the Tribune, Capt. Laughlin, Gen. Stiles.JGeu. McArthur and Gen. > Reynolds. After the several com- * mittees had made their report^ Gen. Stiles submitted a resolution ] inviting all soldiers and sailors from the north, south, cast and ; west, including the LATE HEBF.LS to participate in the festivities. This seemed to be quite out of the programme, and, at first, had the effect to silence tiic whole audi ence. Hut this was of short du ration, and just as soon as the as sembly realized the purport of the resolution, an undisguised mur mur of applause rose from every quarter of the hall. The scene was truly animating. This hang ing out of the flag of peace by the gallant Stiles, was like the proud victor lowering his sword and bidding his prostrate loo to rise and join him at the festive board. In that throng of bullet-scarred veterans there was ONLY ONE who raised his voice against this commingling as brothers of the heroes of the blue and the gray, and that one was Gen. McArthur, lie was opposed to holdiug out the hand of fellowship to rebels. Hut, as this objection was not of fered in a vindictive manner, nor tiit'fiwl 1»v :mninn*iiI it. iu iust. to believe that lie spake before be considered well tbe subject. Mnj. Colvin was very warm in bis support of Gen. Stiles’ resolu tion. He considered himself an unimpeachable union man, and was willing to extend tbe right band of fellowship to all men ae knowlcdging allegiance to tbe American flag, as be was sure ex rebels did. He was certain that at that gathering lie would uot meet one disloyal man. Col. ltic aby and Capt. Laughlin supported Gen. Stiles' resolution, because they took it for granted that the men who fought on the confeder ate side were now loyal, and ought to be received as friends and brothers. Gen. White want ed all men to be loyal, therefore was in favor of uniting rebels who now acknowledged the supremacy of the American flag. So now, after long years of suffering on j one side, the comparative enjoyment on the other side the conqueror and conquered are to embrace as friends, ami to weep over tile unfortunate past. This, to your correspondent, ar "•ues well for the future, it is o truly a remarkably important 1 event, and it is hoped that the magnanimous precedent will rev | olutioui.se the whole country, and forever bury the hatchet ol sec tional discord. Hurrah for gal* | laut Illinois. Yau.s.