Newspaper of Chicago Daily Tribune, May 24, 1876, Page 4

Newspaper of Chicago Daily Tribune dated May 24, 1876 Page 4
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4 Wit Mm TERMS OF THE TRIBUNE. KATES Or SUBSCRIPTION (PAYABLE IN ADVAKOB). Porta?* Prepaid at this OIDco. .Dally Edition, poatpald. I year Part* of year at tame rate. Mailed to irt addrem four week* for Bandar Edition: Literary and Rellßloos Double „ Sheet., 9-K Tri-Weekly, postpaid, l year o.o® I'nrls of year at same rale. WEEKLY EDITION, POSTPAID. One eery, per year SJ-00 Club of tire, percopy Club of twenty, per copy I. to The poetaßO la 10 ccnia a year, which wa will prepay. G|>eclmen coplea sent free. To prevent delay and mlitakca, be mre and (tire Post- Office addreaa In full. Includln* State and County. remittance* may be made either by draft, express, Poit-OlllCQ order, or In renlitered letlera, at oar risk. TBRMS TO CITT SUBSCRIBERS. Dally, delivered, Sunday excepted, S 3 ccnta per week. Dally, delivered. Sunday Included, 30 cents per week Addnaa TIIK TRIBUNE COMPANY, Corner Modtaon and Dearhorn-ita., Chicago, 111, AMUSEMENTS. Academy of Itfnalr, Booth Rawed itrcct, between Msillion end Monroe. Variety entertainment. Afternoon and evening. New Chicago Theatre* Clark ttreet, between Randolph and Latte, noolty'i JllDklrel*. Afternoon and evening. lleotey’e Theatre. Randolph atreet, between Clark and LaSalle. Rn* raginieutof Daly'* Fifth Avenue Company. "FltfUo.* ifternoon and evening. nicTlclter’a Theatre. Madltoa atreet, between State and Dearborn. En gagement of Maggie Mitchell. “NannctU o’ wcarltborne." Wood’s Dlaooam. Monroe atreet. between Dearborn and State. Frank E. Aiken In “Heritor, Ocean to Ocean.” Afternoon nd evening. WEDNESDAY, MAY 24, 187 C. Greenbacks at tho New York Gold Ex change yesterday closed at 89. Clear and wanner weather is tho pro gramme laid oot for ns to-day by the meteor ological seer at Washington. Another favorite ion turns up jest in time to save tho country. The Now Jersey Dem ocrats earnestly but respectfully aaggost to their brethren of other States that the .nomi nation of JoEia Pabkxr would insure tho mccess of the Democracy in tho approaching Presidential contest The Mtnm trial in Chicago and the Jonas trial at Milwaukee ore near their conclusion. In tho former, tho arguments were con cluded, and tho case will be given to the fury to-day ; in the ease of Jonas, the jury were given leave to bring in a sealed verdict, and their agreement last evening is known to be upon a verdict o£ acquittal. The impression bos gained ground that the “sudden and unexpected" honor con ferred npon Don Camehon, by his appoint ment as Secretary of War, was a Presidential move in the Cokxlino interest. But it is regarded as fcy no means certain that tho means will -produce tho desired result—that of solidifying the Pennsylvania delegation for, There ore rumors of a rap ture on i’.iiß question, and it is quite pos sible tha'. the Camebon clan may not bo able to deliver the goods and chattels according to coa'.ract. K'a Interesting instance of intelligent dis crimination in tho administration of justice U cited in a dispatch from Springfield, Mass. A young married woman on trial for larceny pleaded guilty on four indictments, and yet was acquitted and liberated, while her hus band, who was only charged with having received tho stolon property, was given ton years in thy State Prison. Ihe explanation of the matter is simple—tha Court oscor teined that the man was a professional thief, who had used his young wife os a tool. When tho Naval Appriallon bill came up in tho House yesterday there was a general rush to the front of members representing districts in which navy-yords are situated, and a general protest against the abolishment of those expensive nurseries of extravagance, corruption, and political intrigue. There fore, to save the bill and prepare tho way for subsequent cutting down, it became neces sary to resort to a clever compromise where oy the sum of $85,000 is appropriated for :ho civil establishment of the various yards, ind tho Secretary of the Navy is directed to ippoint a commission, consisting of the throe lighest officers of the Navy, whose duty it iholl be to report to tho next session of Con fess what navy-y&rds can be dispensed with md abandoned. A bugle-blast of reform is sounded from Sio other end of the line. Tbo Grand Jury if the Criminal Court yesterday returned ndictments against Pnaioiax, the celebrated tounty contractor and "financial manager,” md Kimbkbly, Warden of the Poor-House And Insane Asylum, charging these worthies with conspiring to. defraud Cook County. Both Femora? and Kimbeslt were ar rested and held under heavy bonds for 'heir appearanco to answer to the ndictments, and there la onconragement to lope that the shameless fraud and corrup tion that have been so long practiced in county affairs will at last be dealt with vigor snsly and successfully by the Criminal Court, and that this good beginning may do relop into the complete exposure and pun ishment of ell the thieves in the County Ring. The State Capital yesterday was the scene of a bustling crowd of delegates, candidates, ind politicians, who had arrived in numbers almost unprecedented to be on bond for to day's Convention. Oar dispatches convey a graphic picture of the field on the day and night before the battle. The Governorship icems to bo settled in favor of Cuzjom, who will probably receive the nomination on the first ballot The BsvEsmas people began by attempting a diversion in favor of tome new man, Loping thereby to ran in their candidate; but, failing tu this, they are rumored to intend springing upon the Convention certain dam aging affidavits connecting Cuixou with whisky crookedness. It is doubtful, how ever, whether this desperate and disreputa ble scheme will be carried out As to the remaining candidates, the situation is not so clear, although the chances seem largely in favor of Sinruxs for Lieutenant-Governor, Bcoooos for Secretary of State, Iturz for State Treasurer, Lm'isoorr for Auditor, and Knsm. for Attomey-Qenerab It is regard ad os certain that the Convention will not Instruct for any Presidential candidate, but that nearly ell the delegates to the National Convention will be Black men. The Chicago produce markets were gen- Bore active yesterday, most of them were easier. Mess pork was 85@10o per brl lower, doting at for June and $20,15 for July. Lard wu 25®30c per 100 lover* dosina at AU,&sfi>lLhO for June and $12.02$ for July. Meats wore Jo per n> lower, at 7jo for boxed shoulders, 100 for do short ribs, and lOjo for do short dears. Lake freights wore dull, at 2jo for wheat to Buffalo. Ball freights were dull and unchanged. Ilighwines wore $o higher, at $1.03$ per gallon. Flour was in moderate demand and steady. Wheat closed Ijo lower, at $1.05$ cash and $1.05j for Juno. Com closed go lower, at 47j0 for May and 4Go for June. Oats were unchanged, dosing at 31 Jo cash and 80jc for June. Bye was firm, at C9@7oc. Barley was easier, dosing at 7250 cash and 50jo for Juno. Hogs wore dull, at 25®350 decline, dosing weak at<g> 0.75 for common to prime. The cattle trade was quiet, at Monday’s prices. Sheep wore firm. Last Saturday evening there was in store in this city 1,430,210 bu wheat, 502,207 bu corn, 283,587 bn oats, 01,103 bu rye, and 133,530 bn barley. One hundred dollars in gold would buy $112.50 In greenbacks at the doeo. .415-00 The Evening Journal publishes an inter view with Mr. Hates, the lata Comptroller, in which that gentleman, if correctly report ed, makes several mistakes. Ho assumes: 1. That, ns a consequence of his removal, the credit of the city will be destroyed and the city be dishonored. 2. That the Mayor nod Council, and all who differ from Mr. Hates, ore really in favor of repudiating the city debt. 8. That it is very questionable whether Mr. Hotne is legally Mayor,— bo questionable that ho really does not know to whom he con hand over his books and pa pers. All of which is unworthy of Mr. Hates, and is altogether childish. There is no question that the City Connell of Chicago has confirmed the removal of Mr. Hates and the nomination of his successor. It makes but little difference what Mr. Hates’ opinion may bo as to who is Mayor, he is no longer Comptroller. He can there fore very safely hand over his books and papers to the person designated by the Com mon Council. The Mayor question will bo decided in dae time by the courts. There is no purpose on the part of any person to re pudiate any portion of the city debt, and, as the material resources of the city will not bo lessened by the change of Comptroller, there is nothing that he might lawfully do which his successor may not do jnst as well. THE BOABD OF TEADE'S ANTI-COENZB RULE. la accounting for the considerable lots of grain trade that Chicago is suffering, there is one cause which has been overlooked, or at •least not sufficiently considered. We refer to the rule of tho Board of Trade which wos adopted a year or more ago for the purpose of defeating “ comers." This rule roads as follows: In determining the legitimate value of property in cues of dispute, Its value in other markets, or for manufacturing purposes In this market, to gether with such other facts as may Justly enter iuto tho determination of Its true value, shall be considered, irrespective of any fictitious price It may at the time be'solllngfor in this market. Pro vided, that In cases of defaults on contracts for future delivery. If it aba!) not bo shown that the seller bad provided by a previous purchase of Che property for delivery on his contract, be shall, in the Judgment of the Committee, he liable to pay, as penalty for such default, damage not exceeding 5 per cent of the value of the property sold. Now, the operation of this rule in practice is to force a settlement of time-trades on the basis of prices ruling in Now York. This is no longer disputed. The rule in practice has been found unfair, since the “ shorts ” have it always in their power to break down the Now York market and thus force tho “longs," or buyers, to settle on a basis temporarily es tablished against them. But the general and permanent effect of the rule is to keep down the Chicago prices on a level with tho New York prices, which natarally follow Liver pool, where the interest is in favor of low prices. Thus Liverpool, representing the consumers, is constantly given an undue in fiuenoe over Chicago, representing the pro ducers, in the fixing of prices. Tho farmers of the Northwest are constrained to take tho price which Liverpool offers, with out any assistance of the dealers and ship pers in Chicago in holding back the grain when prices- are too low. In other words, the rule operates always in tho interest of the “ bean," or those whose interest prompts them to depress the market, and against the “bulls," or those whose interest prompts them to strengthen the market. Now, tho interest of the Northwest, and consequently of Chicago, is identified with good prices for all breadatuffs and produce, and any rule operating to depress prices at Chicago Is on Injury to the Northwest, on&eonsequently an injury to Chicago. Thus, if the ruling price in Chicago is $1.0601.07 for No. 2 wheat, the “shorts"may telegraph to New York or Liverpool that they will sell at $1.0401.05, which depresses the foreign market and reacts upon Chicago immediately under the existing rale. This depression may be brought about by the sale in Now York of 100,000 bushels of wheat, and .the reaction in price here will enable the “shorts" to settle up trades for 1,000,- 000 bushels on tho decreased price. In the meantime tho entire wheat interest of the Northwest is made to suffer for the bene fit of one class of speculators in Chicago,— for Chicago governs Milwaukee and influ ences Toledo and all the other Western mar kets. So for m the general public is concerned, the buyers end Boilers on the Board of Trade, dealing in time-trades, are equally specu lators. If there is any sympathy with one class more than the other, it ought to be with the 44 balls,*’ whoso efforts are in the direction of higher prices j certainly there is so reason why the rules should be especially favorable to the 44 boars," who are constantly depressing prices. The outcry against 44 carriers " has always been largely due to the fact that, in inch a movement, a hand ful of buyers ore arrayed against a couple of hundred 44 short-sellers," and the latter have the preponderance of numbers and can 44 squeal" the loudest. But even occasional corners, if there is no other way to avoid them, ors preferable to a steady depres sion of the Chicago market and a deprivation of all independence and elasticity. So long as thore is no power inherent in the Chicago market to fix a price for itself, so long as the speculative buyers are deterred by tbs present practice of settlement, and so long as Chicago capital is powerless to bold the grain for a rise, the formers and shippers of (ho Northwest will avoid Chicago, and send their grsln directly through this city and around this city to New York and other seaboard outlets. Already the country towns are beginning to build elevators of their own, so as to make direct shipments, Chicago, losing the handling of the grain, will gradually lose the trade which the groin brings with it. If the farmers sell loss to Chicago, they will buy less from Chicago. This is s serious matter, and it is time for the Board of Trade and the merchants to give it serious consideration. If the rule we have referred to has as ouch respond , bilitv for tbs decline of tbs grain trade os THE CHICAGO TRIBUNE: WEDNESDAY MAT 24. 1870, there Is reason to believe, immediate stops should be taken to repeal or modify iU MAYOR HOYNE’9 GUILLOTINE. The municipal headquarters on Adams street yesterday morning very closely resem bled a hen-coop in spring after the poultry dealer has boon through it. Sixty luckless victimt lay round with their heads off, or about ten express loads, ns the result of one night's work of Mayor Hotne's guillotine, and the end is not yet. It being ascertained that the machine is in good working order, and cuts smoothly and well, the Mayor may he tempted to keep it going, especially as there are other costly excrescences and bar nacles (bat need lopping-off. The first night’s work, however, was a good one. When the janitor gathered up the heads into the basket, there wore found Comptroller Hates, Marshal Qoodell, Mibb Bailey and his crowd of parasites, thirteen in number ; Dr. Ben C. Miller hod resigned, but his hygienic crowd, forty-five in number, wore decapitated. It was a good night's work. Mr. Hates’ place has been well filled. Goon ell, Bailey and his crowd, and the Health Board and crowd wore not needed. They were ornaments to bo sure, costly trimmings, expensive luxuries, but of no more use than the fifth wheel of a conch or the fifth log of a calf. The Cily-llall has been, over since Colvin went into it, a poor house for official paupers, a relief and aid society to provide certain bummers with whisky at the city’s expense, on infirmary for dead-beats making a living by a huge confidence-game played on the tax-poyers. Marshal Qoodell was a man with nothing to do,because bis duties woro the some as Capt. Hioxei’s. If llickbt worked, Qoodell must lay idle. If Qoodell worked, Hickey must wax idle. The only way in which both could work at once was for one to work against the other. Hence one could be spared, and, os Qoodell knows nothing of police business, os he is a neophyte, his head was chopped oil. Miss Bailey's barna cles wore of no account, except to find a bole in a sidewalk or hunt for defective fines in a saloon, never getting nearer to them than the piece of furniture over which the drinks camo one way and the city's money wont the other. It is a little melancholy that the Health Board’s forty-five ,oble-bodied henchmen ore colled off from their pretended, simulated chose after the Bridge port stinks, just os they woro on the scent of them; but they have been chasing them a groat while, and the stinks ore still with us. Certainly, Dr. MoVickab, with the help of the regular police, can do os well ks this. Bo long as there is no possibility of removing a stink, it is better that one man shoald wrestle with it than forty-six. So these forty-six heads will not bo missed. In the way of retrenchment, Mayor Hotnb has done a very handsome thing. The over burdened, gronnd-down-with-the-diri, tax ridden citizens, who have bad their noses hold to the grindstone by the tax-calors so long, will breathe more freely. In those tight times every little helps. Mayor Hotne's guillotine saves the tax-payers $70,G00 during the next nine months, os follows: Mum Bailey and his barnaclis, $21,000; Ben Miller and bis barnacles, $4C,000; Barnacle Qood ell, $3,600. The Colvin corruption funds and the saloon-tills will suffer correspondingly. The merchants and basi ncss-mou of Chicago, and the hard laboring classes who work for a living, will rejoice at the discomfiture of the bummers, who havo been dead-beating on the city finances, and who have been arrayed like the lilies of the field, without toiling or spinning. This is hopofnl. It is the first gloom of light which illuminates the ultimate avenue of escape from the slough of despond., The people of Chicago will cot miss these victims of Mayor Hotnb’s guillotine. Every department of the City Government will run just as smoothly and effectively as before, and at less expense. In any private business, these barnacles would have been dismissed long ago. In point of fact, they never would have been appointed at all In private business, men are not selected to do unnecessary work; a dozen men ore not hired to do the work one man can do; and two men are not selected to do the same job. Why the city basiness shoald be conducted on any other principles than private business has long been a mystery to every one. For. tunately, however, Mayor Hoykb has brought us back to first principles; has token sixty pairs of hands out of the City Treasury; and at the very first try has saved the city over $70,000. Good enough t Keep the guillotine working 1 Next t THE CITY FINANCES—TES MAYOB’B AC- TION. The Mayor on Monday night removed from office several members of the City Govern ment, but the most important action in this respect was tbo peremptory removal of Mr. Hares, the Comptroller. -The Moyor could not maintain his self-respect and continue Mr. llatzs in office. It was a question whether the city finances should bo under the control and independent action of the Comptroller, free of all authority of tho City Government The Comptroller has prac tically been running a Government for him self, after bis own fashion, without asking the approval of tho Mayor, Council, Cor poration Counsel, or any other branch of the City Government In anticipation of the deposition of Mr. Colvin, the Comptroller obtained the signature in blank to all papers that bo thought he might have occasion to use, and therefore was wholly independent os ho thought of the now Mayor and Coun cil. 'On Monday morning Mr. Hans, in a very indecorous and very offensive publication, under cover of pretending to reply to on ar ticle in this paper, attacked the message of the Mayor on the financial policy, charging that every person, especially tho Mayor and Common ConncQ, who differed with him was really in favor of repudiation; and he announced his intention to have his own way In the management of tho city finances. There was but one way to meet such an issue, and that was to remove the insubordi nate officer, and tho change was accordingly made. The foot is, the Comptroller hod become an obstruction to the Government He in sisted on doing business on a theory of his own, and every business man in the city was fully aware that that system must at some time or another break down. It is a ques tion whether the city should stop the issue of certificates for old debts on the Ist of Jane or Julyor the Ist of some other month; whether the oity should issue three millions of scrip or ten millions of scrip. The city Is now, and for a long time bos been, do ing business on borrowed money. It has been paying from 6 to 8 per cent for all the money it has paid out on an average loon of eighteen months. The Circuit Court of this county, sitting in bam on the decision pro cured by Mr. lUtes, decided that the only obligation which the city could legally as- sumo in the issue of certificates was the im plied ono that it would use duo diligence in tho eoltootion of the taxes in anticipation of which tho certificates were Issued. Tho same Court docidod that tho taxes levied to meet appropriations for 1876 could not bo anticipated to pay any debts but tho current expenses of 187 C. Tho sale of drafts on tho taxes for 187 C, to tako up drafts against tho taxes of 1878 and former years, was clearly illegal, and thoro was no Justification there for. Tito issuo of certificates payable at a specified dalo was not authorized, because the only obligation tho city could assume was to apply tho tax when collected, and only whon collected. It could in no ovont agree to pay, nor actually pay, any money to tako np ouch paper, except tho mouoy received from taxes levied for that specific purpose, Tho attempt of Hr. Hates to ran his loan business in tho old style, iu defiance of this decision of tho Court, was perfectly prepos terous, While there is not a roan in Chicago in favor of repudiating any part of this out standing debt, common sonso must dictate to the public creditor that, os tho city can only issuo a certificate payable out of tho tax when collected, and any gthcr order or certificate must bo illegal, it is immaterial to tho public creditor whether ho holds an order signed by Colvin and Hates dated a year ago, or Col vin and Hates dated in Hay, 1870. There is no evidence that tho pnblio creditors want their money nntil tho tax be collected ; cer tainly payment of tho eortificalos cannot be legally demanded until then, and to rush pell mell into tho market to borrow money by the reckless issue of certificates, to tako up other certificates in anticipation of the collection of taxes, is more child's play, and is in no way preservative of tho credit of tho city. The outstanding certificates, issued against tho taxos of 1878 and prior years, must wait payment until the taxos against which they are drawn aro paid. As they are not legally payable out of any other fund, tho creditors will occopt tho situation, ond it is folly to be issuing to them time-notes whon tho law for bids tho issno of such notes. This is more particularly true, because in July and August there will bo some throe millions of tho taxes of 1878 and previous years collected, and, under tho decision of tho Court, that tax can only bo applied to the payment of those out standing certificates. At most, therefore, tho public creditors for tho old certificates will havo to wait not over ninety days, and for this ninety days they may as well hold tho ono certificate os to tako another of doubt ful legality, and which the city is under no obligation to pay until tho tax is collected. Tho revenue for 1876 con only bo legally anticipated to pay the expenditures of 1876, duly appropriated, and for which a tax is levied. It is likely that it may become nec essary to isane such certificates in anticipa tion of such revenue; but tho old issue stands on a different footing. It should be borne in mind that tho outstanding scrip, prior to that issued against the revenue of 1876, does not represent all the borrowed money duo by the city. Thero are large sums duo the water and other funds which bear no interest, bnt which have been used and expended, and mast eventually be re placed. Tho beginning of a now system of finance is therefore not only a necessity, but is dictated by every consideration of justice to the pnblio creditors and by tho host inter ests of tho dty. Tho now City Government could not transact its business in the way in which it should be done without a change in the office of the Comptroller, and, as the change was to bo made, tho sooner it was mtulo the better. BALE OP THE NEW YORK “ WOEID," AND WHAT IT MEANS. There has boon no item of journalistic nows for a long time of bo much interest as tbo retirement of 1 Linton Marulb from tho editorship of tho Now York World, and the Bale of all his stock in tbo paper (carrying a controlling interest) nominally to Mr. Will iam Henri Hurlsvt, 'who succeeds him as editor. Mr. Mardlb has boon connected with the World from the beginning, though at first in a subordinate and obscaro capacity. Tho World was started originally to give the orthodox religious public of Now York a daily which should furnish them with as prompt and fall a collection of nows as tho other doilies, bat ahottld conform more strictly to thoir ideas of propriety. But tbo religious community of Now York proved to bo either too limited, too indifferent, or too ponnrioos to support a daily newspaper, for this idea was abandoned after sacrificing a good deal of money in tbo vain effort to make it successful Mr. Mabblu succeeded to the control of tbe paper, and bos guided its destinies as tho leading Democratic organ of tho country for tbo last fifteen years. Soon after its definite establishment as a political daily, tho owners of tho World purchased and absorbed Wami's old Courier and En qxdrer, with which it acquired the run of the auction advertisements, which have formed the principal and most permanent source of its revenues. It maintained a loading posh lion, and was for many years a competitor in the lino of news-gathering. Of late, how ever, and notably since tbo panic, there have boon constant evidences of retrenchment, which have boon generally accepted by tho newspaper elan aa an indication of doclining resources. It may bo that this policy was adopted aa a cautious trimming for tbe hard times, and that it has enabled tbe World , with a leas prosperous appearance, to pnQ through the emban-usmonts of tho panic bettor than one or two of its Now York con temporaries which have kept up a lavish display of enterprise. At tbo same time, it must be admitted that this policy, whether volantary or enforced, has materially dimin ished the value of tbe World as a newt paper. Tbo present change is claimed, on the one side, not to bo on account of any financial embarrassment, Mr. Hauulb retiring on a competency which ho hoe earned by many hard years of toil. On the other hand, His alleged by anti-TiLDEN politicians that he was forced to retiro, os he was unable to meet certain payments on his stock bought some years ago from Bab low, and that the SouELL-KxLLT-Tammnny interest combined to crowd him out until after this campaign is over and Tildes slaughtered. No matter which theory is true, his retire ment is to have an important political significance. The World, under his management, has not only been devoted to Mr. Tildem'b fortunes, bat it has main tained his claims almost to the ex clusion of every other candidate for (be nomination at tit. Louis. The change in the editorship is construed to moon a transfer of its influence from Mr. Tildkn personally to the Democratic party. It will not proba bly oppose Tildkn’s nomination, and will unquestionably support him if nominated; bat it will give hearing to tbo claima of others, and notably those of Mr. Bayard. It is said that Mr. S. L. M. lUulow, who has all along hod an interest in the World , is the real pnrehasor of Mr. Ma&sle's stock, and the fact that Barlow is a brother-in-law of Bayard is accepted as a natural indication that the World will bo especially favorable to Bayard. * lint, under tbe present man agement, tho World will probably not refuse its support to Itng-Doby Allen, or Hard- Money Thurman, or Mr. Facing-lwo-ways HENDRICKS. Tho now editor of tho World, Mr. Will iam Henry Uorldct (a brother, we believe, of tho Illinois Congressman, Stephen A. IltmLmrr), has been connected with tho World for a number of years os ono of its chief editorial writers. He is n gentleman of largo experience and varied accomplishments, and also a writer of uncommon brilliancy. He has much of tho learning and something of the dillotantolsm that have always distin guished the World editors, — Marble, Crolt, Hurlbot, Chamberlin,— and he will bo en tirely competent to maintain the curious and happy mixture of erudition and worldlincss which has always boon characteristic of Uio World'* fourth page. Tho paper will bo an much as over an authority in biology, her aldry, gastronomy, and all tlioso elements of philosophy and (esthetics which figure so largely in polito mclropoUtnnism. It may not reflect so the sentiment of tho Manhattan Club, of which Mr. Marble is a distinguished member, bnt it will undoubtedly cling to tho old associations with tho “swallow-toiled" faction of tho Now York Democracy. Of Mr. HuniißOT's ability, oulturo, and brilliancy there is no doubt, but it may well bo questioned whether ho has tho adhesiveness and fidelity to work required of the responsible editor of a largo metropolitan daily. Ho is a man of elegant tastes and luxurious habits, and he Is used to indulge them with great generosity. Ho formerly had the reputation of a ton vioant (it may bo recalled tbat ho was the author of tho famous “ Elbows of tho Mincio ’’ article in the New York and, though such a reputation is by no means disagree-, able and the conditions far from being per sonally unpleasant, tho laborious duties of a controlling editor are not always mado easy by tho indulgence. The now World may probably bo regarded as more firmly rook rooted and mountain-buttressed than over in its devotion to tho Democracy under any ond all circumstances. THE CAMERON TRADE—CONKLINO. The Now York and Philadelphia press, tbo Washington politicians, and tho country generally, accept tho Cabinet changes os in. dicativa of tho transfer of tbo Pennsylvania vote at tbo Cincinnati Convention to Mr. Conxlino. This is especially based • npon tho appointment of J. Don Cameron, son of old Simon, to the office of Secretary of War. There Is no pretense that Don Cameron has any special fitness for the War Department. His soldiership or statesmanship bos boon thot peculiar to tho school of which his fothor is peculiarly the chief, and in which he has attained such an eminence. Ever since Mr. Lincoln removed Simon Cameron from the Cabinet, in 1862, he has sought a “vindication” by tho appointment of his son. After many years of struggle, tho office has been 1 obtained, and, after the fashion of all Camoronian politics, it has probobly been purchased by tho sale of the Pennsylvania vote in Convention to Cons lino. Tbo appointment of Don Cameron os a successor to Belknap will strike tnauy peo ple as a carious proceeding. Tho loss of tho vote of Pennsylvania will bo a serious one to Mr. Dlainb. The 115 votes of Now York and 29 of Pennsylvania, with tbo carpet-hag vote, will be more than will bo needed to nominate Mr. Conrlino. It Is not likely that he will got a dozen other votes from the Northern States; certainly he will got no vote from any State wostof tho Allogbanies. It is pretty evident that Mr. Oonelino, as tho special representative and living embodiment of machine politics, will have the patronage of tho Government at his command; but, nevertheless, ho will find it difficult to mus ter up a corporal’s guard from tho Groat West to support him in Che Convention. To defeat Mr. Conklzno there mast, there fore, bo more or loss a combination be tween the friends of Messrs. Blaine, Morton, and Bbibtow. It is not likely that the friends of cither of these gentle men can bo transferred to Conklino, and his defeat can bo accomplished in the event that tho friends of Bristow and Blainr unite, which ought not to bo an impossibility, and which, under certain circumstances, ought to bo a duty. Mr. Conkuno cannot expect the vote of either Ohio or Indiana in Con vention, and certainly not at tho election in October next fall; and, in view of this ascor. tainod fact, to nominate Lim for tho Presi dency will be to give away the election in ad vance. The friends of Messrs. Blaine, Baisrow, and Morton owo too much to tho country and to the party to permit them, by a persistent division, to subject tbo party to such an unnecessary calamity, even to carry oat one of old Simon’s contracts. THE BLACK HILLS. Little by little, but very surely, we begin to got at tho bottom facta of tho Black Hills business, which the Thievft' Organ of this city advertised and editorialized into noto riety, and into which it sent crowds of vic tims who have already found thoir mistake, when it is too late and they have scorified thoir little moans to got there, only to find it a delusion and a snare. Our readers will not have faded to notice tbo letters published in oar last issue from that section. An old minor, who has lived in Colorado many years, and has had large experience in tho mining business, writes : “ There la a little gold all through tbe Hills, bub Ido not be lieve there are any paying diggings; at least none have boon found yet 5 and, if there over is one, tho gold will speak for itself. Tbo amounts reported from time to time as being received or oven' taken from the Hills do not amount to a drop in tbo bucket in comparison to vkat should have been token out of a mining camp if it was a gold country." A Chicago victim of the Thxaooi Organ says: “As yet I have not seen a gold mine in the Hills that will pay $2 per day per man, snd the wonderful re ports circulated in the States have brought thousands to the country, without money or grub enough to lasi them thirty days. I fear if something is not done soon, many will suffer.” Another victim, also from Chicago, says: “ The gold we have found is so small that so far we hove found nothing that pays. It will require time, patience, and labor to develop tho claims we have worked; and it has need ed all these to develop those wo have seen in the hands of others.” This may be called one side of tbo story; but what is the other side ? Tbo most favorable reports that have come show that if a person or a party have money snificiont to purchase machinery and a complete outfit, and have the aid of skilled labor, they may make per day what would bo fair wages in a large city at ordinary employ ments that would not demand the sacrifices, sufferings, and exposure incident to labor in the Block Hills. It is evident enough what will bo the result of the Black Hills bind- bow. Tho Pike's Peak misery will bo re peated. Mon will loao tboir health and their money, They will sacrifice their accumulations of tho Imrd labor of yearn chasing this chimera. Some will lose thoir lives at tho hands of tho Indians. Disap pointment, poverty, wretchedness, squandor cd opportunities, suffering families, broken, down health, —those will bo found without searching at the Black Hills as thoy worn found at Pike’s Peak. For thoso who havn already gono, acting on tho advice of tho Thieve V Organ , our advice will come too lato; but if them Is any ouo the readers of tlilii paper anxious to go to tho Black Hills, wo commend to him the advice of tho old miner to whom wo have already alluded: “£ofc thoso already in tho Hills thoroughly demon strato tho gold question in the Hills before any more go there. ” THE NEW MEN. Mayor Hoynf. did an oxcollout thing in hit: removals; ho did n moro oxcollout thing in filling the vacancies. He has given tho city three live, energetic, honest, and capable men, who will work for the best interests of tho taxpayers, and who will repair the damage already done to tho city's name and fomo abroad. Mr. Derickson, ns Comptroller, is tho right man for tho place. Ho is one of tho most solid and substantial men in Chicago. Ho will pursue the safe policy of strict economy, and will bring to his office sound intelligence and good executive ability. Ho is a gentleman of unblemished integrity, cautious and careful os a financier, and of valuable experience os an administrative officer. His close and accurate knowledge of tho business of taxation will enable him to give close attention to the tax-collootions, and U> suggest valuable amendments to tax legislation. Ho is in favor of the pay-as-you go policy, and is therefore in accord with the Administration and the tax-payers. The appointment of tho Hon. Elliott Anthony ns Corporation Counsel was ono eminently fit to bo made. Mr. Anthony is thoroughly competent to fill tho position. Ho was once City Attorney, and, in addition to his general legal knowledge, is hotter qualified for the place by hia special study of the city charter and municipal affairs than others would bo who have not given these mattertf special attention. Ho hi also a pains taking and indefatigable worker. Dr. MoViokxr’s little finger Is thicker than tho loin of tho whole Board of Health. Ho alone will do more than tho forty-flvo useless dependents of tho Board who wore decapi tated on Monday night. He is a skillful, intelligent, and well-read physician, and a vigorous, energetic, and wide-awake man. He is worth moro than tho whole Board, and ho will do the work of tho wholo Board without fatiguing himself. Tbo abolition of tho sinecure offleofl and tbo appointments to roßponaiblo offices are alike matters for public congratulation. Mayor Hothb and tho Council havo com menced well. Now lot the good work of reform go on to tbo end. AUSTRIA AND TEE EASTERN QUESTION. Thovo is ono phnao of tbo Eas torn ques tion, so far os it affects tho relations of Tur key to tbo Groat Powers, which has not been sufficiently considered, and which affords a Tory conclusive reason why Austria has taken such a lively interest in tho Herzegovinian insurrection, and why she has succeeded in not involving borsolf in the contest. Every step sho has takon has been in favor of a compromise between tho Turks and tholr Sclavio provinces, in tho interests of peace, and in opposition to any increase of Austrian territory from tho Sclavio prdvincea Tho reason for this Las not boon clearly apparent to tho general reader, Tho Hungarian popu lation is composed of two distinct classes of people, tho Sclavos and tho Mag yars. The Magyars are the aristoc racy of Hongaty, They are tho land-owners. Thoy control tho elective franchise. They are represented in tbo Hun garian Government. They are tbo ruling class, bearing tho same relations to the Sclavos as tho English ruling class to tho Irish. They ore not tho original peasantry ; of tbo country, but a more roconi race, which came into Hungary very much as tbo Turks came into Tnrkoy, and from nearly the same localities in Asia. Thoy number about four and a half minions, and, al though numerically inferior to tbo Sclaves, being in about the proportion of two to three, yet thoy are the literary, landed, moneyed, and political class, and rule the Sclaves by virtue of this superiority, just as Paris rules the French peasantry. Tho Magyars, as a mat ter of eonrso, do not wank tbo Sclavic population increased, since it might prove fatal to their power and the northern portions of Turkey should bo annexed to Austria, tho Sclavos would far outnumber tho Magyars. Consequently, tbo latter have resolutely, and thus far auooess fully, prevented any extension of tbo Aus trian Empire. In this opposition thoy h&vo hod tho countenance and encouragement off tho Gormans in Austria, who have bean act ing for the very same reason—that thoy do not want to bo overshadowed by tho pre ponderance of Sclavos. Tbo Sclavee. on tho other hand, both in Hungary and tbo Turkish provinces, have worked desperately to scran) tho annexation of Bosnia, Montenegro, and Bcrvia to Austria, and it was one of the propositions which was sub mitted at ihe Berlin Conference of the Em • pororn of Uuswa, Austria, and Germany an<l thchr Chancellors, but without avail. Tbte agreement, however, is fatal to that propos) • tion for the present at least, and tbo Magyan i and German-Austrians have triumphed. Tin t Great Powers have conceded the roformi i asked for by tho insurgents and will demand. that tho Sultan shall enforce them, and thil i without any oxtepsion of tbo Austrian do* • minions. The Democracy which Is constitutionally op* - posed to the payment of bonotrt dohts having, in characteristic fashion, stolen tho Ohio Con** vention bodily, Its organ, tbo Clndnnati Eu «/u<rer, urges It to repeat Uiu performance of It at 8U Louis and crown 1U triumph by nominat ing Uic ancient Allen fur tbo Presidency. With unbounded confidence In tbe dishonesty and Ignorance of tbo American people, tho AV tpUrtr tells it that Allbn was put forward as Ohio’s favorite son because bo eon carry the State, while Tildum would lose U, and adds: “With William Allkn os our nominee, and with a platform that is la accordance with his ideosf—or fur that matter, so well is he known, we might dispense with any platform at all,— we could sweep tbo country.” Tbe DemocratlQ’. organs, however, differ In their estimate of pop ular ignorance and dishonesty. The St. Louis lieyubiicaA) one of tho leading Democratic journals in the Southwest, on review of the whole situation, finds that Allen, having lost tho election in Ohio last year, that his failure then irresistibly suggests the possibility of his failure lu tho Presidential canvass—in short, leaves him oat, while Tilubn is the only Democrat who cun be brought for ward os tbo counterpart of Buihtow in Ute work of rclaim, and, iiukcii, as tho wdy caadklalo. who could ran on the Democratic ticket hope of being elected. The significant fealnr* about It Is tbc truth told by both the E’nTtrfrernivj the JtrjmlfUetm. The nomination of Tii.nim m tlir* attempt to kill oil the rng-hnby faction,would lie an abandonment of all Democratic principle In Indiana and Ohio, while Alt.rn or any othet pronounced greenback candidate wouldn’t a ghost of n chance of carrying any Ensterq State, while It Is morally certain he could nott* elected. In fact, nothing Is quite so clear sj present ns that, with the determination of th( Tildes Democrats to kill off the rag-baby and vice versa, neither Tildbn nor Allen c&i secure tho nomination. Ex-Gov. Bollock, of Georgia, who In 187] lied to keep out of the Penitentiary, lm« re« turned to that Statu to await trial upon thi charges against him, arlslngontof the rallroM steal that depleted the State Treasury, and h« astonished everybody by tendering ball at Ab lanta to the amount of one million, If required, How under his regime tho State was plundered of millions by the Uallrond Ring, of which hi was one of tho chief members, Is now a nutter of history; but bo has evidently gono back, noj to be convicted and sentenced, but to be quitted and vindicated. The matter of It u that ho left behind him too many of his Demo erntiu partners In tho thievery to be In under tho Democratic State Administration, 4 which they ore tho chief pillars and main brace* It may safely bo predicted that his trial—lf ever lie be brought to trial—will bo a farce, and thai he will not be forced In self-defense to dladoai tho Democratic thieves of tho Ring. PEESOHAL Jnst fifty yean elapsed between Ur. first and Inst visit to Philadelphia. Edwin booth's country place &t Cos Cob, e seems, was sold under a mortgage. George 11. boker. United States Minister t< Russia, sailed from Liverpool Saturday for a brio Centennial visit homo. In announcing the marriage of Mias Mary Hoops the Boston AdnerlUer presume* that ihe will con. Untie to wear her maiden name. Commodore Vanderbilt la said to be worth ora 550.000,000, and to have more available reaourcei than any other man in America. And yet hots 8] years of ago and in feeble health. The nnunnal exertion of Queen Victoria hi meet ing the Empress of Germany at the railway-statlos of Windsor la said to have considerable social sig. niflcance, and possibly oven some political meaning, The reappearance of Mrs. James n. Poster ot the stage, ofter an absence of many years, nit take place next Friday night at McVlcker’s Thes. tro Tbo event baa social as well as dramatic im. portanco. Three English pedestrians have beaten Westoa'i "best time. One of them, named Vaughan, walked 1-0 miles in twcniy-tbrco hours and threo-qnsr tors. Weston’s host performance was 109 miles Is twenty-four hours. The Now York Sun says: “Asaplsyer of polo, wo put Mr. Dennett in the first place among Amer leans. Ho handles the mallet with a dash ant brilliancy snro to excite admiration among the ed itorial fraternity.” Yo jovial Sidewalk Inspectors have lost theij spirits. Mayor Iloync, the lloiormer, has bees opposed to the whole system ever since he discov ered that the Inspectors themselves have the word sidewalks In tho city before their own residences. James O’Noiirs farewell benefit in 9an Francises did not take place on tbo 17th InsL, as announced, at Baldwin's Academy, but was postponed, foi some mysterious reason, until tho 28th, when U will take place at the California Theatre, by tbs kind permission of John McCniloagh. Thomas Earl, sculptor, a pnpU of Chantrey> the excellence of whose work was rccognirei everywhere but among tho Academicians, died a a broken heart tho night before the opening baa quest,— tho result being brought about by the per aistcut refusal of tho Academy to recognize U work. A notable incident of the concert at Gilmore's Garden, New York, Saturday evening, was ttu performance of anew ‘ * Burlesque” polka, by U. Offcnbacn. The Tima Bays: “All Now Yod will bo familiar In a few days with tbo opcnlcj motive of this merry composition. In the coarse a which sundry add effects are produced by elbllanl ealla, rhythmical hilarity, and choral passages ex ecuted with genuine good-will by the me tabors a the orchestra.” Mr. Gladstone will preside at the meeting of tbs Political Economy Club, on the 31st Inst, to ccle brute the 100th anniversary of the publication a Adam Smith’s "Wealth of Nations." On thi an me occasion Mr. Lowe Is expected to open a ds* cnsslonoatho following question: "What are tbi more Important results which have followed froa tbo publication of the 'Wealth of Nations,’ jus 100 years ago; and hi what principal direction <li the doctrines of that work stIU remain to be ap piled?" Lord Hongbton'a second article en Macaalij'f biography, published In the Academy of May I, contains an anecdote concerning Lady IMUnI never before published. On one occasloifl&ei]) Holland sent her page around to Lord Hooghtot with this request: "My Lady would be obliged U you not to talk eo much; she wishes to bear Lord Aberdeen." As Lord Houghton says that the friendship between Lady Holland and hlmsell "never relaxed during the lady's lifetime," It ii presumable that ho did not feel deeply Injured oi Insulted by the offensive message. Tbero are more ways than one to get a plctnre into the London Academy. An artist who had more Ingenuity than genius hit upon a stratagem while the Annual Exhibition woa located In the old National Gallery. He observed that Jost over and on one side of the doorway was a space of a pecu liar shape; ho took an exact measurement of that space, and painted his picture of a shape to exactly fit It, and every year be had the pleasure of seeing bis picture in that spot. But now that the exhibi tion has been transferred to itsnsw and magnificent buildings, with no peculiar space la the rooms, this Ingenious artist finds bis acceptances painfully irregular. Panny Kemble, labor "Old Woman's Goselp," tells bow It happened that Sir Thomas Lawrence became estrangedfrom theßlddous family. He pro posed to the oldest daughter, Sorufa, aud was as copied by her. Then he discovered that bo had made a mistake, sad, by some extraordinary pro cess, succeeded la having the engagement trans ferred to the second daughter, Marla. She sooa afterwards died of consumption, on her death-bed exacting a promise from her sister that aba would noverboeomoLawrence's wife. Theslsteraoon fol lowed her to tbo grave; and the death of these t«e lovely and amiable yonng women broke off all con nection between 8U Thomas Lawrence and Mrt. Blddons forever. Bayard Taylor feels quite sure that he saw Ben jamin It Uaydon hi April, 18-10. Two of bis large pictures were then ao exhibition la Piccadilly. Taylor wished to see them, but his means at that lime only sufficed to procure him the absolute nec essaries of life. One day a gentleman gave Tsyh* a ticket to Tom Thumb's show, the entrance to which was on tbs some landing and exactly oppo* alto to Haydon's. Llngcringabont Uaydon 1 * duo*, that day, was a stout, brood-shouldered, shabbily' dressed man about 00 yesrs'of ago, who was with out doubt the painter himself. As the door opened, Taylor caught sight of two spectators within. 0* writes of bis subsequent impressions: "After hie suicide, when the last entries In bis diary were P°h* llshed, I could not (and cannot yet) halp feeling * pang of regret that I did not give up my dinner that day and ado’at least ono to the following of the neglected find deepairing artist ” HOTEL AJtUIVALS. Palmer Route— M. L. Balllvant, Harr Oaks, B. W. Illrnes, Itobert Llgbtbody. K. 11. Wallis. anJ J. ||. Llghlbody, England; J. B. McDonald anfi G. B. Baker, Ban Francisco; B. TL Beecomb, a. A- Bleeper, and J. D. Farnsworth, Boston; fie’' crieylL Helm, Kansas City: A. B. Pomeroy, t»> Jose, Cal.: the Hon. E. F. Drake. W* Paul; B. Usher. Potudsm, N. V. s, Thomai Hatter, New York; Thomas J. weirwan Pennsylvania; Col. Thomas MorHsan, Cincinnati. .... Grand Paeifto-Ge a. H. 8. Blevuns, Hannibal, Mo.; I*. B. SUdebaker, South Bend; Ocn. J«M T. AverlH, BL Paol; Q. W. Darralh Lciing Ky. iW. D. Taylor, Montreal; J. White, Boston Ml \u Sykes. New Bork; W. P. Ph*. Am sterdam, Holland; L. J. Gilbert, Bb»nf”y. China; Che Hon. B. L. Mather. Cleveland Judge C. T. Bhnman, Cleveland.... * Route— Barnaul A. Fargo, Oshkosh; B. C-li*“ cock. New Orleans; tho Hon. W. M* lA® ll ,,* Watertown; the Hon. J. Warfield, PrincMoa, Harris, Quincy: A. J. w. T. Foote, Port lienry; Lewis pTwIJd. BsJUmore P. IL K. McCrub, Louisiana, Mo.; hr. B. B. ycr, lowos CoL D. R. l«ai: the Hon. Ale* Kempt, Kau Cali W. 13. Llnsley, Escauaba; tbe lion. C. U. 'Vinci Boston....4Asrmon Uotae-The Hon, J. «• •'» dnm, Belvlderos Col. J. A. Creighton. Omsib the lion. J. M. Bailey. Freeport; thy Hon.J. » Lakey, Turner, 111.: P. J. Formey, Boston, 0-* Keating, Kansas City; D. F. Lee, Bockford. VS aW. uallard, Albeit Lea, Mina.; Uca, J. * Lynch, Milwaukee.

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