Chicago daily tribune. [volume], September 16, 1878, Page 4, Image 4

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AMUSEMENTS.
McYlckrr'a Theatre.
Mad Iron atreet, between Dearborn and Stale. Kn*
gagementof Joacph Jcffcraon. “Kip Van Winkle."
IlnTerlyh* Theatre.
Dearborn itrccu corner of Monroe. * 1 Uncle Tora'a
Cabin.".
Ilooley’* Theatre.
Randolph meet. I*t«een Clark and LaSalle. Ka*
gagement of John McCullough. “ The Gladiator."
Ilamltn'* Theatre.
Clark ilrcet, oppooltn the CuurWfooie. “The
Naiad queen." ,
New Chlciurn Tlientrr*
Clark direct, upooaUe Bhermto Heat*. “Howto
Kiuto tho Dark.”
Expoaltloa.
Lakeahore, foot of Adam* atreet.
TVhltn Stocking Park.
Lake shore, foot of Waihlnvton atreet. Game be<
tween (ho Chicago and Itoaton Clubt at 3;30 p. m.
MONDAY. SEPTEMBER 10, 1878,
In New York on Saturday greenbacks ruled
steady at U'Jj in gold and silver coin.
A nitro-glycorine and dynamite magazine,
near Bradford. Pa., belonging to N. 13. Pul
vr.n, snddonly pulverized yesterday, dissi
pating nil material evidences of tho existence
of its owner and throe other persons.
It is very remarkable that Goudt, who
claims to bo a sharp, critical lawyer, failed to
point out the act, or clause, or provision of
law whereby tho Government reserved the
right to manufacture greenbacks to pay off
tho bonds. 'Will bo be kind enough to hunt
up that provision and notify ns where it can
bo found? Wo ore anxious to see and pub
lish it. *
“Tho Moral World," Hs formation and
growth, is tho subject of Prof. Swing's ser
mon, printed in Another column,—a world,
iio argues, yet in its infancy as to develop
ment and progress, and destined to undergo
great changes as tho plan of the Creator is
unfolded. The llov. Dr. Tromas, of Cen
tenary M. E. Church,preached about “Tho
Better Country,” and tho Rev. L. P. Men
em, of tho Union Bwcdcnborglau Church,
on “ Tho Skeptical Era in a Man's Life."
Somebody in the Cabinet at Washington,
or what there is left of it at present on duty,
seems to have been getting excited on the
currency question, nujJ to have sent a tele
gram to tbo President urging bis immediate
return for tho purpose of discussing the
financial situation. Tho President is re
ported to decline taking any shore in the
alarm, and, not being aware of any now
phase that requires attention, replied that ho
neither alter his views regarding
specie resumption nor his plans of travel.
Another fine addition to Chlfigo'e part in
tho great fund for tho relief of tho sufferers
m the South was realized last evening as the
result of tho sacred concert given at Mc-
Cormick’s Hall under tho auspices of tho
Owl Club. As a charitable enterprise it do*
servos success; as a sacred concert—sacred
in its music and in ita object, as Prof.
Hwino happily expressed It—lt was mode a
success by the hard work of tho gentlemen
who devised and carried out tbo plan, and by
the generous contributions of tho musical
artists who rendered their services gratu
itously. Tito not proceeds will bo something
over §2,000.
In what other way can the Government
legally pay off the bonds except from the
proceeds of taxation? Godot talks of the
Government having lost $200,000,000 by not
paying off the bonds in greenbacks instead
of in coin. Suppose that it bad reserved the
right to pay the bonds in greenbacks, how is
it to gut them? Is there any other way than
by taxation? Did Congress, when it was of
luring the bonds for sale, reserve the right to
manufacluro greenbacks and tender them to
the bondholders? If so, in what act can it
bo found? Will Goddt, lirick I’ointaor,
Den Bdtleb, Dennis Keaonzt, Sam Oxar, or
any fiat advocate, name the law in which
this right was reserved ?
There Ih qu excellent prospect of warm
■work in the Massachusetts Democratic Btate
Convention which moots at Worcester to
morrow, and a serious rupture seems inevita
ble. Dun.tn, of course, Uat tho bottom of
it. He is oat in a letter taking Issue with
tho declaration of tho Democratic State Ex
ecutive Committee, to the effect that no per
son ahull Le entitled to a seat or a vote in to.
morrow’s Convention who is known to favor
tho nomination of any person not rec
ognized as a member of the Demo
cratic party. lie disputes tho aathori
ty of the Committee to make or its
power to enforce any such rule in the Con
vention, and will lead his hosts in a deter
mined battlo against it. Among the dele
gates thus far chosen Butlxb has a majority
sufficient to capture and bold the Convention
if they stand fast to his support. In such a
case the Convention would divide into two
ports, each nominating a distinct ticket,
which would be as effective a plan for in
uring Bdtlxb’s defeat ea the straight-out
Democrats could possibly adopt.
lu another part of this morning’s Issue
will bo found a presentment of views on the
relations of labor and capital submitted to
tho Congressional Labor Committep st New
kurk Ly the Hon. J. H. Wiixss, President
of the Worcester, Mass., Board of Trade, a
loading manufacturer of boots arvl shoes lit
that city, and the senior member of the
leather manufacturing firm of Walx**, Oax*
x.et A Co., of Chicago. Pew men were in
vited to give their views before the Com
mitUo who very better qualified to deal
intelligently and practically with these im
portant questions than Mr. Wax, ran, n man
who has come np from the ranks of the jour
neymen workers at the l>cncl», and whoso
knowledge of tbs relations of employer and
employed has been gained in the workshop
as well as in the eoanting-house. The state
ments of such a witness, whether of fact or
opinion, are entitled to moro than ordinary
consideration, and will not fail to receive it
from all who read the comprehensive and in
foresting replies of Sir. Walker to the interi
rogations of the Committee.
The speculators found an occasion for
temporarily rtmojog up the price of gold
about } or 1 per ceut in the order of tbo Sec
retary of tho Treasury rescinding the silver
circular. It turns out, however, that the
original circular was withdrawn because of
a technical objection as to tbo right of the
Secretary to exchange silver dollars for
greenbacks prior to the date of the Resump
tion act of Jan. 1 next. But tho now ar
rangements for tho distribution of the stand*
anl dollars through 120 National Banks, and
by payment in salaries to a considerable ex
tent, will result in getting onk the silver os
rapidly and distributing It as generally as
under tho system first proposed. It is not
unlikely that the now method adopted will
operate to keep the silver out of
the hands of tho brokers quite as of*
festively as tbo original plan, and
it is scarcely to bo doubted that the stand
ard dollars will be in very general circula
tion, in spite of their superior value to tho
greenbacks, on account of their legal func
tion of paying duties. Perhaps it is because
tho brokers think it will be harder under
the new arrangements to grab tbo silver
dollars for paying duties that they have
succeeded in increasing, for the time being,
tho fractional premium on gold. This, of
course, is just the effect the anti-resump-
Uouidts hoped to bring nlxmt when, they
protested against tho right of the Secretary
to exchange them for greenbacks.
“ SENATOR ” OOUDY'S SPEECH.
Mr. William 0. Godot, of this city, Dem
ocratic candidate for Senator, adlreasod a
small collection of personal followers at Far
well Hail on Saturday evening, in what his
friends will stylo the “ greatest effort of his
life,” and presented himself as a candidate
for the United States Senate. As tbe speech
was Intended for circulation through tho
State, the want of an audience was of oourso
no embarrassment to Mr. Opror, who could
have read his little piece to half a dozon per
sons as well as to the 800 who were scattered
In the largo hall.
The speech itself was somewhat peculiar
as well as tedious. Mr. Goudt had to bid
higher on many points than his rival dema
gogues for votes for the Senate. He had to
utter more nonsense, assert more bad law,
and utter worse logic, and generally betray
a looser condition of morals than Josh
Allen, Bill Springes, Kowanoe Surra, or
Doctor Hooten, and in this way frequently
found himself answering and refuting his
own arguments. Like a snake with his tail
in his mouth, he described a great many
circles, to the bewilderment of all old Demo
crats and to tho consternation of the fiat
currency advocates.
A very largo part of tho speech was de
voted to tho discussion of the right of tho
General Government to issue Treasury notes.
Ho cited copiously from tho writings of Jef
ferson and the speeches of Calhoun, and ho
might have added of nearly all the statesmen
from 1812 to 16G3, to show that Congress not
only hod tho power, but also bad constantly
exercised the power, to issue Treasury notes,
and to moke them receivable for nil debts
and duos to the United States. All this was a
waste of words and time. No one ever denied
the power of the Government to issue Treas
ury noted, and to receive them in payment of
public dues. Such notes wore issued by nearly
every Administration from Madison to
Buchanan. When Mr. Llnooln became
President, bo found that there wore Treasury
notes outstanding issued by bis predecessor.
So far as Sir. Goudt Intended to create the
idea that Jefferson, or Calhoun, or any
other statesman prior to 18G2, ever proposed
the issue of Treasury notes made a legal
tender for private debts, then Mr. Goudt
falsified history and intended to deceive.
Treasury notes, receivable at tho Treasury in
payment of all public duos, and therefore re
doomablo on a par with coin, are quite a dif
ferent thing from Treasury notes mode
a legal-tender in payment of public
and private debts. A loan optional
with tho public to take or not is
quite different from a forced loan. The
United States have military officers stationed
lu all largo cities to receive as recruits for
tho army all men who may volnutocr for
that service; but that is something different*
from the forcible seizure of men, taking
them from their homos, and compelling
them by force to servo os soldiers. That is
the precise difference between a voluntary
and a forced loan j between the offer of a
public bond or Treasury note in exchange
for money forthe public service, and the forci
ble seizure of a mau'sproperty,kis goods and
chattels, tho earnings of his labor, and tho
products of his toil, and giving him in ex
change a paper irredeemable at any. place or
time.
In 'the presence of actual war, with an
armed enemy engaged in destroying the
national existence, tbo forcible seizure of
mea opd their compulsory service os soldiers
may be justified by the overwhelming
necessity; and so, when in time of war,
food, clothing, and ammunition were neces
sary to tbo pnblio defense, and the Govern
ment could get no money from voluntary
loons, the forcible seizure of money or
property might be justified by the some
necessity. Dut in time of peace a resort to
a. forced loan—the forcible seizure of the
money, property, and credit of a citizen
can find no more legal justification or apol
ogy than con the forcible seizure
of citizens and their compulsory service
in the army. Mr. Goddt sees no difference
in the question of power in either cose,
whether exercised in time of peace or in
.time of war; and Mr. Goddt, who insists on
the exercise of confiscation and conscription
lu time of peace, asks the people of Illinois
to elect him to the United States Senate.
Will Mr. Ooudt give the country tome ex
tracts from Jxnruuojt, Calhoun, Wkbstxo,
Jacxson, or any other American statesman
from 1812 to 1882, who ever suggested that
Congress had the power to make paper money
a legal-tender in payment of private debts,
or who over admitted that any form of cur
rency, save coin, could be made such legal
tender? One word from Jacxson, or. \V*s
■ftn, or Boston, In favor of irredeemable
legal-tender paper, would be worth more
than whole volumes of Uoudt. There is no
constitutional objection to tip issue of . any
number of millions of non-UgaUender Treas
ury notes, and their employment to purchase
outstanding . bonds, but Treasury notes of
that character are not tho ffat money dc
THE CHICAGO TRIBUNE: MONDAY. SEPTEMBER 10, 1878.
raanded by tbe repmlmtors whoso votes this
demagogue is bidding for.
In this same speech the repeal of the R*«
sumption net Is demanded. It is demanded
on the ground that its execution will work
inevitable and wide-spread injury to the busi
ness of the country by making greenbacks
equal in mine to and exchangeable with gold
and silver coin. Considering that green
backs have already attained that vnlnc, the
carrying out of the Resumption law can add
no additional grievance or burden to the
country. Having argued himself black in
the face proving how disiwtrons and ruinous
to the country It will be to make greenbacks
equal in value to coin, like the snake wo
have mentioned, he takes bis tail in his
month and argues just as vehemently that
the Resumption law cannot bo enforced, and
that even if tho law is not repealed green
backs wilt not bo made equal to coin, and
therefore the country will not bo subjected
to any ruin or disaster because of any parity
of valno of coin and greenback. This glar
ing contradiction of himself was unavoid
able. The two opposing points are essential
to the flat-money theory, so the wonld-bo
Senator ovorcamo tho difficulty by chasing
one with tho other in an active race swing
ing round the circle.
“ Senator ” Count, with equal success,
annihilated tho National Rank, system. Hu
held np to popular wrath the terrible specta
cle of the •* atrocious monopoly " whereby
men with a little money contd get possession
of a few bonds, and then issue bank-notes
and lend them ont to the needy laborers,
mechanics, and farmers, and thus enrich
themselves by lending their own promises
to pay. Against this class of men, sodauger
ous to tho country and to society, ho
warned tbe people of tho Slate. Haring ex
posed the awfnl magnitude and enormous
profit of the gigantic monopoly, he further
showed tho iuiqmty of tho law which, in
stead of confluiag this money-mnkiug proc
ess to a few privileged individuals, actually
opened tho doors of tho Treasury to all per
sons who wanted to engage iu tho bnsiness.
Any five persons, ho said,—-farmers, mechan
ics, laborers, merchants, or others,—who
could raise $30,000, or borrow that sum long
enough to purchase tho bonds, could organ
ize a bank, issue bank-notes, aud lend them
ont at the rate of 2 per cent a month “ and
commissions,” and become inordinately rich,
and possibly buy a seat in the Senate.
Never was a monopoly which is free
to everybody so thoroughly exposed;
never wore the special privileges of
the few, which nro equally open to tho
many, so aptly described ; and never was
blindness and stupidity of the vast multllndo
of gala-seeking capitalists, who refuse to v
start National Banks and literally double
their investments every year, moro logically
illustrated than they wore by tho uext Sena
tor. Think of two thousand millions of dol
lars which might be Invested iu National
Banks, and yield a profit of 2 per cent a
month, actually held idle, or invested in
bonds only yielding 4 per cent a year! Can
it be that those capitalists do not know ns
much as tho 11 Senator ” about tho profits of
banking ? And what is it that hinders him
from plunging headlong into this wonder
fully lucrative business ? And why have so
many banks reduced their circulation and
sold their bonds, if the business is so awfally
profitable ?
THE DIVISION OF LABOR,
Two pamphlets on the Labor Question
have lately been printed and circulated in
this city. The writer of onp signs himself
“ Thirty Years a Manufacturer," Though a
novice in political economy, bo has taken
firm hold of certain tenths which have per
haps boon too littlo regarded in newspaper
discussions of the subject. One of those is
that great division of labor, while it increases
the efficiency of tho workman in one direc
tion, destroys it in every other direction. At
tho workman .is encouraged to make only a
small part of a completed product, tho inde
pendence of bis labor is sacrificed. Ho
learns to do his share of tho whole work
better or quicker than ho would bo able to
do it if ho performed all tho other processes;
but, in the end, his employment depends
upon the employment of a number
of other workmen. He is only a
part of a largo machine. It is a
question whether, as the writer contends,
employment under these circumstances is
more difficult to obtain or keep than nuder
the old system. On tho one hand, the bp
portuallios for special kinds of labor are
comparatively limited; on tho other, the
capitalist Is compelled to deal with largo
mosses of labor, and is obliged in some coses
to grout more fovorablo terms tfaon ho would
to single workmen. But, however this moy
bo, it Is door that tho division of labor, when
carried very far, impairs tho self-supporting
independence of the workman. Whore less
mental effort is required, loss will be dovel
oped. If the workman is part of a machibe,
this writer conlunds that he will act, talk,
think, live, and die like a machine. From
this point of view, it Is to the interest of
workmen that the division of labor should
not be carried too for, and that trades should
be learned and followed in tho old-fashioned
way.
But tbero aro other points of view from
which the question may be considered. Di
vision of labor Is a saving of labor. Men
learn to do one process more quickly than
they can learn to do several processes. They
train particular muscles and nerves, as of the
eye, the hand, or the foot, to do particular
kinds of work. This is why ten persons are
required to make one pin. One person
could probably not make one pin while tbo
ten were making twenty, du a similar
way, there ore 102 distinct branches bf
watchmaking, and the finisher is the only
person of the 102 who can work at any other
trade than his own. Or, to take the illus
tration of “ Manufacturer,'* there are a dozen
to twenty kinds of bootmakiug, In few of
which is any one person proficient. Thu
consequence of the division of labor in each
case is that more and betten work is done
than if there wore no division. The advan
tage of having trained workmen to do oil
the parte is seen when the parte are put to
gether. Moreover, there is a great saving of
time in the ase of machinery and the passing
from one kind of employment tq another,
and this consideration alone would justify a
division of labor.
The purpose of a division of .labor, there
fore, Is to save labor. Kow, this is precisely
the purpose of labor-saving machinery. So*
the arguments that can be used against tbe
division of labor can bo used against labor
saving machineryj and the arguments that
are sound in favor of tbe Utter are valid also
in favor of the former. We have .been over
this whole grouud so many times and so
recently that we shall not go over it again.
It U sufficient to notion, os *‘ Manufacturer”
does, that a saving of labor, however it may
injure the individual workman, benefits the
whole community. Besides, the injury is
only temporary, while the benefit is per.
mahout. Suppose that a community has
$1,000,000 to spend for consumption in tho
products of labor. If, through tho inron
lion of labor-saving machinery, it is able to
buy for $".->O,OOO all that it formerly paid’
$1,000,00!) for, it will have effected a Having
of $2.*»0,000. With this saving it can pur*
ctmso the products of other labor to tho*
amount of tho <pmrter million, It is as
much a law of capital as of labor that it
must And employment or suffer /loss. The
surplus $2.'0,000 will therefore bo devoted
to the employment of moro labor. If tho
now machinery has enabled 750 men to do
tho work formerly done by 1,000 men, there
will be 250 men seeking work. These men,
roughly speaking, will be employed by tho
surplus saved to tho commnuily through tho
introduction of machinery. Nor is this all.
By lowering tho cost of production, mu*
chincry increases tho purchasing power of
wages. What is true of machinery is true
of the division of labor, for both seek to
effect n saving of labor. Tho hardship in
any coso is only while labor is adjusting
itself to now terras of employment.
Tho germ of truth in “ Manufacturer's ”
discussion of division of labor lips* in tho
fact that divided labor is loss able to adjust
itself to now condition# than undivided
labor is. The reason of .this is that tho
division of labor prevents tho full develop*
moot of tho workman, teaching him to know
ono thing well and nothing clso at all.
Hence, if be fails to find tho ono kind of
work ho can do, he is good for nothing elso.
We regard this as truly unfortunate, bub we
do not sco how it can bo helped, except by
the efforts of individual workmen to educate
themselves. It may bo tho duty of Qov*
ornment to provide fuller means of instruc
tion in tho meohauical arts than U gives at
present; hut, this done, tho workman must
depend upon himself in tho last rosort as in
the first.
“ Manufacturer ” himself does not suggest
a suitable remedy for the hardships produced
by n division of tabor, though he seems in
some vogue sort of way to believe that co
operation may be such a remedy. The only
kind of co-operation he seems to consider
practicable is the formation of associations of
consumption. It is a gmvo question whether
associations of this description afford an il
lustration of tmo co-operation at all. They
have been regarded by many as simple in
vestments of oopitnlby poor people, and tbo
dividends, or reduced prices, are in
terest on the investments. The only
associations of the kind that have
succeeded have proceeded on this
basis. “Manufacturer” is wise enough to
see that the other kind of co-operation—
known as co-operation in production—has
never succeeded in England or this country,
because every association of the kind hunt
have a head, “and the head finally gobbles
up and controls the whole body.” The
question of tho remedy for tbo evils pro
duced by an excessive division oof tabor is,
therefore, kept precisely whore it was. Tho
remedy is in tho bands of tho workingmen.
They must use it, os all men must use tho
remedies provided by circumstances, to
soften the hardships that surround them.
And tho remedy is education.
REVIVAL OF PENDLETON’S DOCTRINE.
Tho Pcndlotonian idea of paying the Gov
ernment debt in greenbacks has boon very
generally revived nmoug the Democrats. An
old Georgia politician, recently in this city,
declared this to bo the sentiment of tho
Southern Democrats, and that Mr. Pexdle
ton is their favorite Presidential candidate.
Mr, Oounr, in sounding the koy-uoto of tho
Democratic campaign in Illinois, made it one
of tho conspicuous points of his speech by
an exaggerated statement of the amount of
money which tho Government has lost by not
pursuing this policy. Several of tho Demo
cratic and “National” platforms, which to
all intents and purposes amount to the same
thing, have hinted very strongly at paying
tho bonds according to the “original con
tract,” by which they mean to disregard tho
Public-Credit act of 1800. In point of fact,
tho “Ohio idee,” as represented by Cast,
Ewino, and Thuum&k, is likely to bo over
shadowed before the campaign is over by
tbo “Pendlbtoh idee,” which was so over
wbolmingly repudiated by tho country in
1608.
It is not necessary now to dwell npon tlio
conuideratious of national honor in connec
tion with thin proposition; that phase of the
question was discussed and settled ten years
ago. In reviving it at this time, tho Demo
crats avow their contempt for the obligation
of a national contract and for the national
faith, which was distinctly pledged in 18CU
to the payment of the public debt in com.
It is only as a (location of policy that tho
issue may now bo discussed with those peo
ple. In this light, Mr. Qoudy has declared
that $500,000,000 was added to tho public
debt by the act of assertion is
based upon the assumption that the 5-20
bonds could have been lawfully paid in
greenbacks if it had not been for' tho Public-
Gredit act of 18Ui). Such an assumption is
not warranted by any construction of the
loan octs that is cither authoritative or
reasonable. Mat, if it bo admitted, then tho
statement that there has been a loss of
$500,000,000 by changing from a greenback
to a coin basis in the payment of bonds can
not bo sustained by the facts.
To begin with, it must be kept in mind
that tho issue of greenbacks had been limited
by Congress to $100,000,000, and the Su
preme Court had decided, in offoct, that tho
issue cannot exceed that amonut. Whatever
fi-20 bonds hud been paid off in greenbacks,
then, would have boon paid out of the SIOO,-
000,000 outstanding; and the greenbacks so
paid could only have been procured by the
Government through the channels of taxa
tion.' There is no word In any act of Con
gress, no agreement with tho public creditors,
reserving the right to manufacture irredeem
able paper notes for the purpose of paying
off interest-bearing obligations. It is scarce
ly necessary to contend that the people
would not have submitted to any increase in
taxation; hence it follows that tho redemp
tion of bonds in greenbacks would have becu
limited to Ul9 revenues actually raised iu
excess of the ordinary expenditures of the
Government. It is oi*o clear that,
if there hod been no jxtra isiuos of green
backs, their purchasing value would have
followed about the same course that it has
actually taken. The actual soviug, then,will
be represented by the premium on gold dur
ing these years on the amount of bonds ac
tually bought in by tho Govcrumout.
The iuteriistfbearing debt of the nation bps
been reduced in various ways from $3,281,-
530,301, the maximum, ’to $1,704,735,050.
the latest figures, but this amount of 5-20
bonds actually paid off by surplus taxes may
be stated in round figures at $300,000,000, —
representing the redaction of thirteen years.
During those thirteen years the greenbacks
had the following average value; 18CC, 71
cents; 1807,72.1 cents; IBCS, 71. C cents;
It’d’*, 75.2 187'?, 87 C-‘.Us ; 18-71,80,5
rents; 1*72, 89 cents; 187;), 87.fi cents;
1874, Bfi.fi cents; 187.-., fifi.ficenls; 1870. 89.(1
routs; 1877,95.5 cents; and )878, flfi.scents.
Tims the average value of greenbacks in
gold during those thirteen years was a small
fraction over fit cents. If, then, tho 5-20
bonds redeemed from surplus taxes had
been paid for in greenbacks instead of coin,
there would have been a nominal saving of
fi per cent, which on $300,000,000 would
hate amounted to $27,000,000, instead of
$»i00,000,000, as recklessly alleged by Mr.
Oounr, But this seeming saving would
have been offset by manifold losses incident
to tho nuhoard-of system of discharging in
torost*bearing obligations by payment In
noii-intcrost-boaring obligations. Wo only
mention ono such loss, because that alone
would have been enough to overbalance tho
supposititious saving of $27,000,000. Wo
roforto tho refunding of 5-20 a into bonds
bearing a lower rate of interest. Tho Inter
est account has boon reduced during tho
same period from about $151,000,000 to
about $93,000,000, or a saving of $58,000,000.
Deducting tho amount saved in interest on
the $300,000,000 of bonds paid off, there has
been n saving already of $89,000,000 in
interest on 5-20 bonds by tho refunding
process, which would never have boon pos-
Bibio if tho American credit had been Im
paired by (ho proposition to pay off Govern
ment bunds in irredeemable notes. Citing
only this ono resuit, then, there would have
been a loss of $39,000,000 as against a gain
of $27,000,000 by the payment of 5-20 s in
or an actual loss of $12,000,000
at the beat, instead of a gain of $500,000,000,
ns is claimed. Would this havo been a prof
itable operation?
Wo have admitted, for the purpose of
showing the exaggeration of Mr. Goody's
statements, that tho 5.20 s might havo boon
paid in greenbacks but for the Public-Credit
not of 1809. As a matter of fact, however,
Mr. Good? needs only to turn to tho act of
Feb. 25, 1802, aulhorlzing'tho issue of 5-20
bonds, to find, in Sec. 5. that tho duties
were made payable in coin for tho express
purpose of (1) paying tho interest on the
bonds, and (2) for tho payment or pnrehnso
of tho pnbiio debt. The 5-20 bonds were
thus made expressly payable in coin by tho
act which created them.
There is another claim of tho ropndtation
ists akin to the above misstatements, and
expressed by Mr. Govdt when ho denounced
tho Itofnnding act as prompted by tbo same
purpose of committing the Government to
a coin payment of tho national indebtedness.
Ry comloyining tho not authorizing the re
funding of bonds bearing 0 per cent Interest
into bonds bearing annually 0,4), and
4 per cent interest, tho Democrats
necessarily condemn a policy under tbo
operation of which tho Government is sav
ing between $10,000,000 and $11,000,000 a
year in Interest, which it would hovo boon
obliged to pay on tho outstanding indebted
ness in excess of tho present interest ac
count if it had not been for tho refunding
process. Could anything bo more ridiculous ?
If tho Democratic repudtationisls cannot
find any more serious charge against tho Re
publicans. than that of adopting a policy
which will result in tho saving of hundreds
of millions of dollars in tho aggregate, then
wo aru confident that the people of America
will know bow to discriminate, for tho ease
is no clear that ho who runs may read.
This same Mr. Count, who has figured out
a fictitious loss of $.'00,000,000 because tbo
Government has not adopted the policy of
paying off bonds in greenbacks, says that
tho greenbacks would have been at par with
coin oil along if they bad been receivable for
all dnes, including daties. It is fair to pre
sume, then* that if the Democrats had been
in power they would have made tbo green
backs receivable for duties and payable for
bonds and interest. Rut whore, then,
would have beoa (bo gain in payment of
which has been figured oat?
Whore would have boon tho gain over tho
present condition of things, if tho green
backs had been at par with coin ? All this
is so much of a muddle that the Democrats
can only extricate themselves by avowing
outright that the Peholeton doctrine, which
they are seeking to revive, is nothing more
nor loss thou humbug or repudiation.
Among the demagogical and malicious reso
lutions adopted by Uim.Kß’s Massachusetts
Convention was the followlog:
Knotted, Toat the liberties of this people Im
peratively demand that the far-rcachlng und deadly
band of capital, aa tt appears In the Infamous
monopoly known as tho Associated Press, must be.
tom Imm ths throat of public Intelligence, and
the telegraph companies must be forced to sell the
daily news u;hjii equal terms tu any paper.
Old Kquliiteyca overreached himself In tins
resolution, lie it known to him and all othersdo
ccived by his assertion, that tho telegraph com
pany does nut sell tho dally news to the Asso
ciated Press at all It simply acts os a common
carrier of tho news reports (liod with it by tho
agents of tho Associated Press scattered all
over tho country, Tho Secretary of the Western
Associated Press, who is connected with tho
Detroit Tribune, replying to Utm.Btt's screech,
explains the matter correctly:
Those who know aa>thing about tho matter, ami
Uutlkii among them, know mat ••mo liberties of
the people’ 1 are nut at all concerned. Too tele
grapu companies do not sell me dully news to the
Associated Press papers at ail. The Associated
Press uotuins the news through lu own paid
aecuts, mid wnen obtained the reports are as much
Its own property aa (be paid correspondence uf
any particular paper is the property of lout paper.
Thu telegraph companies simply transmit the news
atttttipuUivd price per thousand wonKJusi as they
transmit private mesaauus at« stipulate.! price, or
just as the express cumuanl.-s carry private properly
at a Oxed rata. They will transmit any news that
llurt-tn or any other Individual enuosua to send to
any paper. One of 11.0 complaints made at the
recent Associated Press nieiunur in this city was
that the Western Union was transmitting news dis
patches at a lower rato Hnr another Association
than It would fur tho Western Associated Press,
waich Is iu largest single rnslomcr. That Asso
ciation Is so fur from enjoying u monopoly that It
does not even net the rates which the magnitude of
Its business would fairly entitle it tu.
The people of Milwaukee have made t contri
bution to the fever-stricken people of Vicki*
bur# that will be as thankfully received aud ap
preciated as any donation of money or goods
that has jet been forwarded. Mrs. Ciuules
Schlbt, a lady of arrest capacity ami lutclll
peine, aud of high audal position In the City uf
Bricks, passed through Chicago last evening ou
ber way South, whither she tJ° c » lu aid, as best
sbo can, those unfortunate victims uf pesti
lence whose cry fur help has tunic pierced our
uuwilliutc cars. Few, indeed, there bo wbo are
willing to take such a risk, and all honor to
those few who hare the sublime courage aud
Christian fortitude to follow the promptings of
such a philanthropic duly.
Cx-Bccretary Bristow has formed a law
partnership with Messrs. Ofotka & Frit and
Gen. U. L. UuukßTf, of New York, aud will
remove to that city as soon as bU business In
Louisville can be closed up, probably in Octo
ber. llu law practice was very large before
his entrance upon public lilc, t aud*U mure
profitable than ever now, lie declares that be
has uu expectation uur desire to become a cum
didate lor auy ppbltc cilice.
It was to be expected that the women, “wbo
were lost at the Cross aud hrst at tft« Sepul
chre,’ 1 would take the lead In the good work of
luroUhlugald and comfort to the sick aodd>lue
of the piakue-lufcstod South. Thu they have
done everywhere all over the laud, and are en
titled to the high prauc that is so freely accord
ed tu them ou sides, 'ihe Auausla (Ga.)
Chronicle notice* Gen. Hmnr.DS* warm citlotry
upon tlic women of the North, ami mills a word
of it* own:
When Mir trne «tnrv nf the yellow-fever plague
of lH7Kshallhe written, It will lw fniind, we
tnink, tint tne mn«i prominent port, North ami
Month, belongs of right to the women of the land.
We hare the testimony of Men. Nntßi.naas to the
sentiment and action now pervading the women of
the North. Every record from New Orleans.
Grenada. Virkdjun*. and other smlftvn places. |*
redolent with the heroism and sacrifices of the de
voted women of tho South. Munv men hare been
accused of cowardice in leaving their home* and
families to (hr mercy of the world and the ravage*
of the scourge, hut wo Imre seen no well naihcntl
rated account of such baseness and treachery on
the part of any woman. On tho contrary, women
of high and hnmole station, women In the garb of
religion ami in the apparel of the world, women
pure an the dream of angels, ana women—Oon pity
them!—soiled with sin, hit with Irno womanhood
nnoxtlngnlshed, have braved death, starvation,
misery, ami all the woes that watt upon tho pingno
that spare* not hy dav or night. Wo may not be
lieve in the doctrine of total depravity, hut if it is
over exemplified the nnfortnnniu being who illus
trates tt Is never a female. Uon bless tbu women
of the whole country I
To-morrow tho annual reunion of tfae Twen
ty-third Ohio Regiment will bo held at Wil
loughby, at which President Haves Is expected
to make a little speech. Ho was formerly Col
onel of that band of veterans, but it Is not like
ly that the old soldiers will have the exclusive
honor of welcoming the President to Northern
Ohio. Tho cordial reception which the Presi
dent has met with everywhere la the North
west on bis recent trip will convoy a hint to the
people as to the proper manner of entertaining
tho Chief Magistrate of the nation.
Tho 8U Louis JUmMlcno of Wednesday,
speaking of Chicago’s yellow-fever fund of
$42,000 (It is much larger now), says that “8U
Louis has already left that sum In the rear, and
lias not got done by any means. Its ten-tbou
sand-dollsr concert Is still to come off, and oven
then there will bo more to come. We shall fight
It out on this line If it takes all winter.” Do
your best, neighbor, and we will try ami cover
the biggest pile you cad lay down la such a holy
cause, ,
Theodors Thomas tirul a largo nudtence at
his benefit on Wednesday night last, notwith
standing the fact that some of the New YorK
Doners spoke slightingly of him since ho an
nounced hts Intention to remove to Cincinnati.
It Is said that every lively effort is now being
put forth-to retain Mr. Thomas In New York,
but he dentes all knowledge of such a move
ment, and says his contract with the Cincinnati
people has already been signed, and will be ad
hered to.
Secretary Evarts has a fine farm lu Vermont
on which ho is raising some premium vegeta
bles. Ho goes out early in the morning to pick
tbo bugs oil bis potato vines, which remind him
of some of the annoyances that he sees In Wash
ington. "These parasites," said Mr. £vakts,
" remind me of the ofllcehoidcrs that Infest the
Capital. You think you have got rid of them
at nlsbt, but the next morning they alt come
flocking back as fresh and persistent as ever."
Big Doolitilb will soon take the stump for
little Dooum.R. If by any fortuitous arrange
ment of flendlsh circumstances, and If the Lord
Is determined to chastise those whom Ho loves
to the extent of permitting such things as little
Jim's election "to overtake us like a summer
cloud without our special wonder,"—then It
will bo a mercy If Jim will substitute the Judge
and represent the .district la Washington by
proxy. ■
To Hie fMlfer 0/ The Trthunt,
Laconia, Ind., Bept. 13.—Please Inform mo
thruugn UlO columns of your paper If yon think
wheat will advance, amt oblige A Sunsciuoxn.
Wo think it will; but have no opinion as to
when It will advance, or the figure at which It
will turn upward. Our reporter asked a prom
inent member of the Hoard of Trade to help
him In solving the problem, and received the re
ply: “If I could tell, 1 would not be hero to
listen to your question."
Tho Republicans of Colorado have entered
upon tho campaign with an Industry, vigor, and
enthusiasm that might bo Imitated with profit
by the Republicans of some of tbo older Btates.
Their candidates are all first-class men, who
are making the canvass exceedingly lively for
tbelr Democratic opponents. Pattbiison, who
was voted into another man's scat by tho Con
federates of the last House, will have leave to
stay at homo.
Tbo Bnringfield Republican (Ind.) Is tb 0 au
thority for saying that F. 11. Murch, who beat
EoasNß Hals for Congress lu tbo Fifth Maine
District, "is probably tho least reputable
Representative Now England bat sent to Con
gress lor a generation." And yet it Is over this
Ignorant blatherskite's election that tho Demo
cratic press is exulting in loudest tones.
Tho absurdity of requiring a majority of all
tho votes to elect a Governor is well Illustrated
(n tho caso of the votes Just cast in Maine. In
round numbers Connor gets 63,000 votes,
Bmith 87,000, and Garcblon 29,000. And yet
It is expected that Qarcblon, who only gets
about one-fifth of tho aggregate vote, will bo
elected by the Legislature.
It Is said that Matt CAiU'KKTEn has so
worded the form of petitions to himself to bo
a candidate for the United States Senate that
ho cannot possibly, in JusUeo to bunsulf, de
cline.
lIOQACB WniTß Is Just now engaged in a little
controversy with the New York Tim** whether
anv capital was destroyed during the War.
Thus tor iloiiACß seems to havo the best, of It.
POLITICAL NOTES.
Senator Q rorob Hunt, of Edgar, who is a can-*
didale for re-election without any apparent op
position, Is stumping the Thlrty-lirst District
with his accustomed ability.
Tho Democratic Congressional Convention
for the Ninth District meets at Yates City to
morrow. Wilson, who was defeated by bovo
two years ago, will probably bo renominated.
In the Forty-fourth District the Republicans
are threatened with tho lot* of one member by
the srliishncss of Crbws, of Wayue, whose
friends are likely to plump on him. The dis
trict elected two Republicans in *7rt, and can do
it again if Hie vole is fairly divided.
The Rockford (Airrifs states that th« Rev. J.
C. Stoughton, who Is running hs a Prohibition
candidate for Congress in the Fourth District,
Uu Uourbou Democrat in disguise. It is not
often that Uourbou Democrats assume a tem
perance disguise. In 1870 ho was beaten by
Dun. Farnswortu only 1,700 votes, since which
time hu has been everything by turns ami noth*
lug long. Ho stumped fur Tjldrn in 1870.
To-day tho Madison County Democracy bold
a Senatorial Convention. Col. 8. A. Buck
master. one of tho old reliable Bourbons, will
be nominated for Senator, and Joun J. Spin
dlbk, of Highland, and W. R. i'BlCKxrr, of J2d
wardsvllle, fur Representatives. Pmctiarr bas
twice been a candidate for Statu Treasurer, and
now desires to tro to tint House to revenge Llm
svlf on come of his Southern Illinois.friends.
bucxMASTBU was Speaker of the House lu M 3,
and member of the lost House.
Beniamin P. Butler, of fragrant memory,
of (be tlrm of Kearnst & Butler, now Wo
podruiufng throughout thu country, Is an
nounced to exhibit at Indianapolis Friday ant)
'Terre Haute Saturday next. At the latter
place special arrangements Iq the shape of re
duced hotel and railroad farca are' ottered, and
it la safe to predict that 10,000 or 18,000 Hoosisri
will listen to Ben’s barbaric yawp. While the
hat men claim the honor of Butlbu’s visit. It la
generally conceded that he.will help Yoorusks
lit his campaign lor the Senate.
Thu Uepubllcans aland a good chance of
losing a Ueoreteutatlve lu the Thirty-second
DUiruw The Convention nominated P. H.
Monauan, of Areola, but Moultrie County
bolted, and a subsequent Convention tmml.
nateoJ. A. Onitr.onT. Neither candidate pro
poses to decline, and the result wllliu; th’< de
feat of NEAUtho IccUlmntu candidate. Two
yours ago Neat, was elected the minority mem
ber by n small majority. The National* nro
running a preacher named Oni.nr, of Moultrie,
and he will tret a large vote from both the old
parties. Should the Republicans divide on
Monahan, Gnnoonr, and Neal, the Nationals
will run their man In.
The Republican Congressional Committee of
the Fifteenth District fatted to meet at Fan*
last Friday, as advertised. The apathy In that
district Is unparalleled, and demonstrate* that
the men who ought to lead the party arc demor
alized. Two years ago they let .John R. Kuhn
walk over the track without any concerted op
position, and now when Eden has been beaten
by hli own friends and a singularly unpopular
man put up—when tho Democracy la turn ami
rent asunder—the Fifteenth District Repub
licans arc oven more slothful than In isTd. It la
notorious In that district that Dbcius will
scarcely poll more than two-thirds of tho party
vote—that the chances for electing a straight
Republican never wero better, but even now
Inc proper Congressional machinery can
not be put In motion. For this
unsatisfactory condition of affairs such old-time
Republicans as Col. Van Bbu.ar, of Far:*;
Penitentiary Commissioner Delaney, of Mar
shall; W. H. lUnt.ow, of Effingham; Eopeut
Cai.laiian, of Roolnsoti; Tost Aitbrson, of
Cumberland; Jacod Wilkin, of Clark: ami
liamlin, of Shelby, are seriously to blame.
Since the Maine election, we understand, Pott
amis, the National candidate, has become an
advanced thinker, a flat man; and the result
will be a large defection of that class of men
from Dbcius to Forstthb. There is, to-day, a
fair plurality of the people of that district In
opposition to Dbcius* Democracy and For
sttiib’s flatlsm, and the Republican party should
not only put up its candidate, but make a vigor
ous and successful fight.
NECROLOGICAL.
THE GYPSY QUERN.
Special DlujMteh to The Tribune,
Cincinnati. 0., Bept. IC.—'The funeral of
Matilda Stanley, Into Queen of the Gypsies In
the United Btates, took place at Dayton to-day
in presence of over 20,000 people. The pro
gramme of services did not differ essentially
from any Christian burial. It any exercises
of a peculiar character took place, they were
apart from the public demonstration. There
was a long lino of carriages, and services In the
cemetery wore conducted by the Rev. Daniel
Bencher, of the United Brethren's Church, of
Dayton, assisted by a quartette from the
church choir of the city. The Gypsy Queen
died In Vicksburg last I'obruary, and her body
was embalmed In such a manner that It
still retains the nalaral appearance of life. It
was placed In a vault in the cemetery, and
everyday members of the late Queen's family
have come with fresh llowers to strew over her.
To-day tflere wore a dozen Chiefs and their
tribes In the city from different sections of
the United Stales to pay their last tribute to
the dead Queen. The deceased was a plain,
hardy-looking old woman, with a touch of Meg
MtrriUa In appearance, and a manner indicative
of strong and pronounced character. There
are stories told _of her wouder
ful faculties of telling fortunes when
she pleased, and her remarkable power
os a mesmerist, Imth of those qualities being
accounted for by the fart that they were handed
down to her as the eldest daughter In the Stan
ley family, and were secrets possessed bv her
alone. She possessed a singular influence over
tier people that has not entirely ceased with her
death. Her subjects came to America in l&d,
ami shortly alter selected Dayton as their head
quarters for the summer months, and it became
.the centre for the Gypsies of the country. They
are good neighbors,—industrious and tfirlllv,—
contrary to the usually-conceived idea.
They havo several large farms near
the city, in the winter they pack up far the
South to speculate and trade, leaving one or
two of the tribe to look alter their property at
home. They are reverent church people, and
the reigning King, Levi Stanley, and his sou
and heir, known as "Sugar Btanlcv," are mum.
hors of the i. O. O. F. In good standing. The
grave of the Queen, in which the collln will rest,
is a hot made of stoue slabs, itwo feet deep and
ten by four in dimensions. Over thtf grave will
be raised, in the form of a monument, a huge
boulder eight feel in diameter, surmounted by
a life-size ilguruol the Queen in white marble.
Davton, 0., Bent. 16.—Matilda Stanley, known
as tiiu " Gypsy Queen," and recognized as such
by all the trioes throughout the United Btates,
wu buried at Woodland Cemetery In this citv.
The Queen was a woman of great influence
among her race. Bho died in Vicksburg last
wluter, and.her body was embalmed and pre
served until tbo present time for the funeral.
The cemetery was tilled with people, the funer
al attracting visitors from the surrounding
country, it Is estimated tliatoverlir>,ooo people
were hi attendance. Representatives of promi
nent Gypsy families from all parts ol the
United Btates and Canada have been assembling
in the city for the occasion, aud the funeral
procession was a mile In length, Thu ceremony
was conducted by a minister of the United
Brethren Church, aud did nut dliler from that
of the Christian funeral. At the close an af
fecting scene occurred. Tno children of the
Queen threw themselves on the grave, tilling
tnu air with lamentations. Davton has been lor
some time the headquarters of the Gypsies In
this country, and the King, the husband of the
Queen, llrcs near this city, and owns a large
tract of ground.
• OBirUAliY.
ffpfdal Dltpateh to Tht TVUuff*.
Decatou, 111., Sept. 15.—Walter Outlier, aged
21, the son of one of our wealthiest citizens,
died last night of typhoid fever. Ho was to
have boon married on Tuesday next.
Nbw Yohk, Sept. 15, Col. James C. Loath,
aged UZ, one ot the oldest and best citizens of
Memphis, died at 73 Filth avenue, in this city.
Hu was President of tue board of Police and
Fire Comu..»sionm of Memphis, also Superin
tendent ot tue public schools. 001. Loath died
of congestive chilli, lie was n ton-ln-lnw of the
Her. Uuurge White, of the Episcopal Church of
Memphis, whose sun died there ot lever.
MOHTUAUV.
Bptcial VltpafcA to T.U Ttliun*.
Milwaukee, Wls., SepU 15.—The funeral of
tho late Edward M. Hunter was held this after
noon from the residence of tho deceased, ood
was largely attended. Tho ceremonies were
under charge of the bur Association, and Can
pressman J.vnde, Judge Mallory, H. L. P.ilm°r,
John W. Cary, and otner leading members of
the bar, wuru In attendance. Thu Hev. Dr.
Kpaldmg, ol tho Episcopal Church, nttlclated.
Tile remains were interred in Poresl-Huinc Cem
etery, itud a large proeesblou mured lothugrovo.
SUICIDE,
HftriaJ fHinatck lu Tht TWSuss.
(IRAKI) JUNCTION, la., Bcp*l. IL— Daniel
Strife, a banker of this place, committed suicide
by shouting himself with a single-barreled gun
on ids lunu near Rlppey, a town about six miles
from here. No cause cun bo assigned for the
deed. Ills business and family relations were
of mu pleasantest. Ho loavos a wile lu delicutu
health and one child. The la>dy was brought
homo uu thu uuou train. Tho Coroner wUI
hold aa Inquest this afternoon.
IXEAUT DISEASE,
Sptdal Dlumtek <o Tkt JHbuMt.
Watertown. WU.,‘6ept. 15.—August Black,
cx-CUy Treasurer, while milking hts cow thu
morning dropped down dead ul ueart-duesse.
THE PRESIDENT.
Toi.sdo, Sepu 15,—A committee of citizens
vlblted President Hayes at Fremont, yesterday,
and Invited him to spend the day here during
the (n SUto Fair which opens to-morrow. The
President accepted the Invitation, and will bo
present on Thursday next. Toe weather fur
tue opening day of the Fair now promises to be
favorable, and arrangements are complete lor
the Inauguration of tbs Exposition on a larger
scale tuuu that of any previous year.
OCEAN STEAMSHIP NEWS.
NkwYorr. SepC 15.—Arrived, thu steamship
Erin, from Liverpool. <
London, Sopf. 15.—The steamships Algeria.
Labrador. Nevada, and Adriatic, from New
York, arrived out.
Queenstown. Sept. 15.—Arrived, the steam
ship Cay of Chester, from New York.
Pltmoutu, bopu 15.—Arrived, the steamer
Herder, from New lurk Cor Hamburg.