Newspaper of Chicago Daily Tribune, May 25, 1876, Page 5

Newspaper of Chicago Daily Tribune dated May 25, 1876 Page 5
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4 TERMS OF SUIISCUIFTION', PATADLB IN ADVANCE—PORTAGC PREPAID AT THIS OFFICE. anltr Edition, postpaid. I year ram or year at mine rate. Mailed to any nddrea* fmir week* tor Sunday Edition: Literary ami Ilellßlous Double Sheet 3.01 IrMVeekly. postpaid, 1 year «.lo Part* of year at aame rate. WEEKLY EDITION, POSTPAID. One copy, per year 81. so tjnhof rtre, Club of twen/yi per copy The postage It 15 conti a year, which we will prepay. Specimen copies tent free. To prevent dcloy and mistaken, he tore ami give Tost- Office addrett In full. Including State and County. Remittance! may bo made either by draft, exprets, rott-Ofllce order, or In registered letters, atourritlc. TERMS TO CITT SVDSCIIinEUS. Dullr. delivered. Sunday exrcplcd. 2r, cents per week, pally, delivered, Sunday IncJtided. so cent* pci 1 week Add ret* TUB TItIIUJNB COMDANV, Corner llsdlionmd Dcarhorn-itg.. Chicago, 111. amusements, Nttr Cltlrngo Theatre. Clark itrect, between Uaudotpliand Lake. Iloolcj'a Mlnitrels. Ilaoley’i Throtre. Randolph itrect, between Clark and LaSalle. En cashment of Daly'a Fifth Avenue Company. "I'lnuc.’' McVlcker , n TliPntrc. Midlwn itrect. between State amt Dearborn. En gagement of Maggie Mitchell. " Little Barefoot,” Wood'* IHimritni. JUjiroe itrect. between Dearborn and State. After* noon. "Invlilble Prince.” Evening, Frank B. Aiken Id "Berts or, Ocean to Ocean.” THURSDAY, MAY 25, 187 G. Greenbacks at tbs Now York Gold Ex change closed at 88j}, The Qnccn of England and Empress of India was r>7 years old yesterday, and tbo anniversary of Her Majesty’s birthday was duly celebrated in various ports of the United States by stanch Britons temporarily sojourning among us, and by American cit izens of English birth who cherish loving recollections of the mother country. An estimate of tho standing of tho Senate on tho question of jurisdiction in tho Bel knap impeachment case gives Jlfi for, fll against, 0 doubtful, and who will not vote. This is a closer showing than had been cal culated upon for several days post, and tho change of a few votes may shape tho result either way before tho final decision is reached. The Methodist General Conference yester day adopted the report of the Committee on Missions, recommending tbo organization of annual Conferences in Chinn, India, Sweden, Norway, and Italy. Ex-Senator Bevels, one of tho most eminent men of tbo colored race in America, was elected editor of tbo Southwestern Christian Advocate at Now Orleans. . The Minnesota Bepnblicans .yesterday elected a delegation to tbo Cincinnati Con veLtbn, consisting largely of Blaine men, but tbo Convention refused to instruct or direct tbo delegates to vote as a unit. Ne braska instructed her delegates for Blaine. In the New Hampshire Bojmblican Conven tion no Presidential preference was expressed, and the delegation was left unpledged and uniustructed. . Miee Bailey, cx-Bnilding Inspector, is doubtful on the subject of tho Mayoralty. His uncertainty dates from tbo moment of his removal from office, and ho proposes to contest tho matter. It was also reported yesterday that Marshal Goodell intended to hold on by the same slender thread,—tho chance that the Circuit Court may decide that Mr. Hovnb is not Mayor of Chicago. These superfluous bar nacles have chosen to stand or full with Colvin, and tho longer they stick the further they will have to drop. Tho lawyers have made up tho issue in the quo warranto pro ceedings, and the case will be argued on Saturday of this week. Wo print elsewhere a letter from Mr. A. 0. Hesino, which purports to ho a reply to an editorial in The Tribune of the i*Oth just., but it is a good deal more than that. The orticle was n summary of tho testimony of Mr. Hesino in tho Munn case, and recapit ulated tho astonishing things’about himself and Mr. Reum and others which ho revealed, but especially concerning himself. Ho claims that tho article has done him Injustice, and endeavors to point out wherein. But his communication is mainly devoted to justify ing and palliating his conduct in tho whisky and blackmail business. Ho claims that ho is only guilty in a technical sense of a viola tion of tho revenue laws. As to blackmail ing Faiiwell, Want), Juessen, Bbauley, and ** Buffalo" Milled, there is no confession of having done any wrong. It is to bo greatly apprehended that Mr. ITcsiNfl docs not see himself in the some light that others sco him. Tho House Judiciary Committee had a barren session yesterday in tho investigation of Mr. Blaine’s connection with Fort Smith Little Bock bonds. Robinson, tbo mysterious witness who was expected to dis close how ho bronght a package of bonds from Josiau Caldwall to Speaker Blaine, proved to be a flash-in-the-pan so far as damaging or important testimony was concerned. Ho brought a package to Mr. Blaine, but never heard that it coutriucd bonds, and had no reason to suspect that such were its contents; on tho contrary, the package looked like anything but valuable bonds, and it was received publicly and without any mystery by Mr. Blaine. Robinson testified further that he never told anybody that lie had carried a package of bonds to Mr. Blaine. r lbo latter sought to show by his cross-examination of another witness a stato of hostility toward himself among Arkansas Republicans, and was in a fair way to dom oustrato that malice was at tho bottom of this matter, but was prevented from so doing by the Democrats of tho Committee, whoso evident purpose is not so much to turive at the truth as to injure Mr. Blaine. Tbo Chicago produce markets wore very irregular yesterday. Provisions wore active and weak; breadstuffs lean active, oudclosiug stronger. Mesa pork declined 95(&ilJ0o per brl, closing nearly tbo same us Tuesday, at $19.95 for Juno and $90.15 for July. Lard declined 12jo per .100 lbs, closing firmer, ut $11.85 for June and sl9.oo@ia.o2} for July. Heats were easier, at 7]o for boxed shoulders, 10c for do abort ribs, and lOjo for do abort clears. Lake freights were more active, at for wheat to Buffalo. Itail freights were dull and unchanged. Iligbwinos were Jo higher, at $1.09 per gallon. Flour was iu light demand und steady. 'Wheat closed Jo higher, at SI.OG cash and sl.oojf for July, Cora closed 2@i|o higher, at 480 for May and 40]® 4Gjo for June. Oats closed 2@]o lower, ot 81j}o for Hay and 00jo for Juno. Ityo was firmer, at G9j<3>7oc. Hurley was <]uiot and steadier, at 72j0 for May and 59j0 for June. Hogs were active, at 15®i!0o decline, closing firm at tho reduction; sales chiefly at (jfiCS.CO. Cattle were active ami stronger, with sales at sn.(MVcTr».rJj. Sheep wore unchanged. One hundred dollars in gold would buy $112.50 in greenbacks at tho close. Tho ticket placed in nomination by tho Illinois Republican Convention at Spring field yesterday is one which will commend Itself heartily to tho enthnsiostio ap proval and ratification of the Republic ans of this State. Tho Convention was tho largest in numbers and tho most respectable and intelligent over held in Illinois, and its work is what might bo expected of such a body. For Governor tho name of Sheert M. Cdllom is presented —a name honorably and prominently identi fied with Republicanism in Illinois, and borne by a gentleman of high character and ability. It is the best nomination that could have been made, and will bo indorsed by tho people by n rousing majority next November. Not less excellent is tho nomina tion for Lieutenant Governor of Andrew Shuman, of Cook County, whoso selection for the second place on the ticket will prove in tho highest degree gratifying to his many friends throughout tho State. Tho remainder of tho ticket is exceedingly strong— Georoe 11. Harlow for re-election as Secretary of State, Thomas Needles for Auditor, Edward Uutz for Treasurer, and James K. for Attorney-General, Tho State is also well represented in tho Na tional Convention, ami from tho character ond standing of tho delegates it is fair to ex pect that Illinois will exert n marked influ ence in the nomination of tho candidate for tho Presidency. .lia.oo THE GENERAL BUSINESS DEPRESSION. Much is written and printed as to the causes leading to tbo present general busi ness depression, n depression which has pre vailed in this country ever since September, 187JJ, and which is moro or loss prevalent in all parts of tbo commercial work!. All com merce is speculative. The man who pro duces docs so that ho may sell his products at a profit beyond the ordinary wages of his labor. Men build houses that they may enjoy the rents. Men engage in manufac tures that they may sell them at an advance on tbo cost of raw materials and of convert ing them into fabrics. Men buy goods in foreign countries expecting to sell them hero at a profit. Men buy grain to be delivered a month hence, expecting to profit by an ad vance in prices; and men buy lands and lots, urban and rural, holding them in the hope of a rise in selling values. Without specula tion, and unless men moke ventures, there is no commerce. In such case trade is con fined to an actual exchange of necessary commodities, and there is stagnation and dullness. When the retail merchant, instead of purchasing largely, merely purchases suf ficient to keep a small assorted stock, bo dis appoints tbo wholesale dealer, the importer, am! the manufacturer. When tbo whole body of retailers do this, the disappointment is general. When the man with some money invests it in lands, or lots, or buildings, bo to that extent inspires confidence ; others are induced to do the same thing in other lines of speculation ; men get hopeful and go to manufacturing; others start out in all the varied branches of trade, production is en couraged, moro labor is employed, the spirit progresses until there is a general activity, and n rapid exchange of commodities. This trade extends from community to commu nity, State to State, and country to country. Then there is greater production, an increase of wealth, the employment of that wealth in trade, and there is a prosperity equal to the aggregate activity. Another fact bearing on modern com merce is the change which has taken place in the ownership of the capital employed in trade? The time was when the merchants and the capitalists were the same persons. Then a merchant did business on his own capital, and upon such credit as the posses sion of that capital authorized. Now there is a distinct class of persons who loan their capital to merchants. The man trading on his own capital was essentially conservative. There was a limit to his operations which he dare not go beyond without losing his credit and imperiling his capital. Such a merchant, doing a com paratively contracted business, made larger proportionate profits on the amount of busi ness done. Bub this has been changed. Capital is now hired. The merchant, with a small stock of his own, hires capital or credit, paying therefor a higher annual profit to tho owner than that owner could have got from it in bis own trade. The mod ern merchant extends his business to tho largest possible point, lie buys and sells without limit; tho greater tho volume of his trade tho smaller tho per cent of *|rofit re quired to produce tho rent of his capital. Commerce is therefore now done more largely than over upon credit where it was once done on actual capital, and tho mercan tile world stands upon a loss substantial footing than it did half a century ago. A convulsion, therefore, has a larger sweep in its destruction than it would have had in past times. Tho closest definition wo can give of tho causes producing these financial revulsions is tho withdrawal of confidence. Wo have stated how confidence is inspired, and how wen, little by little, veuluro to buy, to build, to produce, to ship, import, and make, until one by one the forces of trade are put iu motion, and tho great volume of commerce rolls on in its enormous circles. Tho men who bavo by small things gained wealth, who from little profits seek larger ones, go on expanding their speculations, and make bolder discounts upon the future. At lost tho legitimate boundary of specula tion is reached and passed; enterprises become gigantic, certain men become rocog. uized oracles in predicting tho future, copital is withdrawn from legitimate and profitable operations to bo buried beneath mountains of speculative credit. At last, some chief among tho gang, liku Oveuend »t Gconey of Loudon, or Jay Cooke, foils amid tho ruins of his fancy castles. His victims, one after the other, follow him ; tho men doing busi ness on credit aro crushed by tho contrac tion; the fictitious takes wings and departs. Each man holds what little substance he has, and puts no faith in others. To an unhealthy and unlimited credit there is the shrinkage which knows no credit. For a period more or less protracted there is a struggft to keep above water; but gradually, one after tho other, in tho succeeding stagnation, depres siou, failure of profits, and difficulty of re trenchment, all those immediately or seri ously dependent on credit go down, to rise no more. Out of this gloom the recovery is slow. Confidence Los been lost. There has been no loss of property, but the whole fabric of credit, confidence, and speculation bos been swept away. Who is there to inspire it? Who is thoro thot has money aud will veu turo to speculate with it? Who will buy THE CHICAGO TRIBUNE: THURSDAY.'MAT 25, 1876. real estate and wait for a rise? Who will build for the sake ot bin rents? Who will put nulls and forges in motion ? What prospect of profit is there in all this to inspire tho employment of capital in speculative enterprises? Can tho Government promote this recovery of confidence ? There are restrictions and restraints upon trade, weights and chains upon commerce, which In those days of de pression and gloom are more oppressive than at other times, and which ought to bo re moved. Wo labor also under tho embarrass niout of nn unstable and depreciated cur rency. Wo are selling ami buying on a scale of prices as uncertain ns tho weather. Wo have practically no standard value of money. Had wo a fixed standard, whether of gold or silver,—anything of substantial, intrinsic, tangible value, —wo might at least have tho improvement of knowing that when a dollar was borrowed, what sort of a dollar would be paid hack at tho end of thirty days. Hut tho rise and growth of trade, the ex pansion of credit, tho frenzy of speculation, tho explosion, collapse, and proslrotion, ore so closely progressive, so inevitably conse quential upon one another, and so period ical, that, though each disaster may have its peculiarities, they seem to fill their place in tho cycles of commercial civilization, and are as unavoidable by human laws ns the storms which shako tho natural world. PAY YOUR CITY TAXES! It is now time to appeal to the loyalty ami •priilo of Chicago people to pay their taxes without further delay. For the first time in years there is a condition of things in this city to attract the payment of taxes, and for the first time in years it will bo indecent nud outrageous for men not to pay who hare it in their power to do so. Heretofore the reckless expenditure of city moneys and the disreputable class of people living upon the taxes gave a good excuse for a refusal to pay until it became absolutely necessary. Now, however, the practical work of retrenchment has been begun, aud there is not the slight est doubt that the present Mayor and Coun cil will reduce the current expenditures to the lowest figure consistent with the public welfare. In the meantime, the city finances are iu a deplorable condiliou. Several months’ back pay is duo to the policemen, the firemen, the teachers, oud oil those employes of tho city who are most in need of their earnings from mouth to month. Between SBOO,OOO and $1,000,000 are duo employes for services aud labor rendered, for which neither the law nor justice warrauls a further postpone ment. It is not too much to say that there are some instances of actual buffering, and there are certainly many Instances of gross swindling, arising from tho failure of the city to pay those who have done the public genuine service. Iu both cases people suffer who have earned their money. It is also necessary to provide for the interest on a largo part of the bonded debt which falls due July 1. Tho city must have money in order to escape a default and in order to re lievo tho necessities of those to whom it is indebted for public order and protection. Wo have tho pledge now that tho money so paid shall bo used for these legitimate purposes, nud not employed in the “ shin ning ” processes that have boon going on for a couple of years to keep up tho per nicious and unlawful issue of certificates. It is time, therefore, for tho property-owners to pay up, and relieve a city really rich and prosperous from the blemish of bankruptcy, tho nppearauco of which has boon brought on by a false policy and an extravagant ex penditure of public moneys. There is also an appeal to the selfish nature of thoso who are not to bo influenced by thoso higher considerations. Tho taxes for 1875 nro really past duo, and their collec tion can bo enforced within tho next two mouths by Judgment aud sale. Tho law under which they are now assessed and col looted is the State law, and there is no longer any opportunity to successfully avoid their payment. They must bo paid iu tho end, aud the limit of timo is not far off. But to attract tho prompt payment, on account of tho pres ent necessity of tho city, a discount of 2 per cent is offered on all tho taxes of 1875 which shall bo paid prior to Juno 1, and per cent on all paid prior to July 1. Applica tion to tho Comptroller for tho necessary amount to pay any person’s taxes will socuro a certificate, from which 2 per cent will bo discounted when tho money shall bo paid to tho County Treasurer. This is better Inter est—tho rate being about 12 per cent per annum—than anybody can earn on money for tho next two months, nml it should in duce all tax-payers to raako a special effort to pay at ouco. It is now a duty, prompted by motives of charity and humanity as well as justice aud self-interest, and thcro is no reasonable nor fair excuse for further delay on the part of anybody who can possibly raise the money which, iu any event, will have to bo paid over in two months. INDICTMENT OF PERIOLAT AND KIMBERLY. It is worthy of note that tho indictments which have boon found against Peuiolat, tho County Contractor, ami Kimberly, tho "Warden of tho County Poor-House, are of tho same general nature as those found against tho whisky-thieves which have been so succesfully prosecuted, with tho differ ence that one is nu offense against tho United States Government and the other an offense against tho Statu Government. Tho text of the statute under which tho indictment has been found roads os If any two or more persons conspire and rgrco together with (ho fraudulent or malicious Intent wrongfully and wickedly to injure the person, char acter, business, or property of another, or to ob tain money or other property by false pretenses, or to do any Illegal art, injurious to the public trade, health, morals, police, or administration of public Justice, or to prevent competition In the lotting of any contract by the State or the authorities of any county, city, town, or village, or to induce ony person not to enter Into such competition, or to commit uny felony, they shall bo deemed guilty of a conspiracy; and every such offender, und every person convicted of conspiracy ut common law, ahull bo Imprisoned lu the iVuUentiarynol exceed ing three years, or tlned not exceeding §I,OOO. It will bo seen that the language of tho statute is exceedingly comprehensive, and certainly includes the offenses against tho public of which Pkhiolat, Kimueuly, and some others (including certain members of the County Hoard) have long been suspected. It is certain that the United States author!- ties, under a similar statute, have becu able to convict tho men who have conspired to defraud tho Government revenues oa evi dence much leas direct than that which is un derstood to have been taken by tho Grand JurJ. Thoro is a vast difference, however, iu tho practice of the United States and State Courts, and not tho least important of tho differences is the mode of selecting the petit juries. In the United Ktutcs Courts it is next to impossible to “ sot up ” a Jury, which is drawn by certain designated United States Commissioners from a list of names fur nished by tho Clerks of the various County Courts of the best men throughout the en tire district, which often includes a whole Slate. Our local petit juries, on tho con* trary, aro rnado up by tho Sheriff or a subor dinate Bailiff, and tho experience of tho past has taught the public that it is not a difficult matter to select a jury which will "bang" or disagree, no matter how clear a case may bo mado out against tho prisoner at tho bar. A desperate effort must bo made on tho part of the Criminal Court and all Us officers not to permit this sort of thing in making up the petit juries before whom tho consp ro tors against tho county revenues shall bo tried. It is only by tho conviction, disgrace, and punishment of tho county thioves that their career of plunder may bo checked. The revenue service of tho United States has been purified more by convicting the whisky-thiovos and sending them to tho Pen itentiary than by all tho laws over enacted. The external evidences of thievery in tho ad ministration of county affairs aro as numer ous and convincing as woro tho external evi dences of the existence of a Whisky Ring. Now let our local courts and officials do as efficient work in prosecuting these evidences to conviction os has been done by tho United States Courts ond Officials. Then wo shall begin to see tho light. MTJNN'S ACQUITTAL. Tho Munn trial is closed, tho jury after a brief consultation bringing in a verdict of not guilty, and Munn is free. This result is duo to the fact that tho jury discredited’s testimony. Outside of Beiim's evi dence, tho Government’s case was not a strong one. There was evidence to show that ho had been loose in tho management of his office, and perhaps that ho hod winked nt irregularities, but there was no positive evi dence, except tho statements of Beiiu, to show that ho hod taken bribes or had actively engaged in a conspiracy to defraud tbo revenue, Tho case therefore wont to tho jury substantially upon Beum'b testimony, with tho legal presumption of innocence, previous good character, and Berm's sus picious veracity, as offsets in Munn’s favor. Tho Court itself recognized this fact in its charge to the jury, which set forth that tho only direct and positive testimony tending to connect the defendant with the conspiracy was that of Jacob Burnt; there fore the jury mnst take into account the fact that Berm was tho chief organizer of tho conspiracy, that they must scrutinize his motives, also whether ho expects to ob tain any immunity from, or mitigation of, his own punishment; whether any influ ences have been brought to boar upon him to testify against tho defendant; whether ho has any feeling of revenge to gratify, or any real or supposed advantages to gain for him self by securing tho conviction of the de fendant—and determine for yourselves, in the light of all these circumstances, whether ho has told you tbo truth or not. The Court summed it up in tho pertinent question: “ Has Berm told yon tho truth in regard to tho defendant's complicity in this conspir acy ?” fatally weakened his credibility when ho swore that of tho $200,000 or more blackmail which ho levied on tho distillers, ho kept only enough to buy cigars, but gave it all away to tho Government officers and to llcsino. Tho jury refused to behove this. And ho hurt himself in swearing that ho was an innocent, pure-minded man until Hesino seduced him into becoming a blackmailer of tho distillers. Hesino indignantly denied in his testimony tho truth of this statement. Now Jinn may have told tho naked truth os to Munn, and, in in tho opinion of thousands of people, did tell tbo tmlh, yet ho dis credited himself with tbo jnry by making tho two other statements, and thereby caused thorn to give Munn a Scotch verdict of not proven, which is tho most that can bo claimed for him ; for, bad not Berm damaged bis credibility with tho jury as aforesaid, they would undoubtedly bavo returned a verdict of guilty. While Munn maybe congratulated upon bin escape from the serious charge of cou spiracy to defraud the revenue, it should not be forgotten that ho stands convicted by competent testimony of another charge al most as serious—although ho was uot on trial for it—that of neglect of duty os a pub lic officer. Fortunately, this point did not depend upon Reum’s testimony, or Mr. Ream might have presented Munn ns a model offi cer in all respects, while trying to prove just the contrary. ME. HOYNE'B RIGHTS AS MAYOR. Mayor Hovnb has made a full and satisfac tory reply to the inquiry instituted by llab vey D. Colvin in the Circuit Court to his authority for exercising the functions of the office which ho now holds. The pleas filed in the case merely form a connected narra tive, in legal phrase, of the circumstances and events which led to his election, and in duced Mr. Colvin to sot up the preposterous claim of holding ou to his office for a year and a half beyond the term for which ho was chosen, and after his successor had been elected by the people, Colvin's term ex pired originally In December, 1875. Early in January of that year a petition, with the required number of names, was presented to the Common Council, asking that the gen eral charter of 1H72 bo submitted to a vote of the people for adoption or rejection. It was the duty of the Council to order an election for this purpose as early as practic able. Instead of this', Jio matter was post poned until the Mayor and Aldermen could canvass the situation and ascertain how the possible adoption of the charter could effect their tenure of office. Finally they fixed the date for voting on the now charter ut April 28, nearly four months after the petition was filed, and just three days after a general election would have been held for Mayor and other city officers under the now charter, if it had been adopted at any time prior to the third Tuesday in April. The purpose of this delay was manifestly to on able the Aldermen then serving to hold over an entire year, and the Mayor two years, before the recurrence of anothergoutral elec tion under the charter to fill their respective places. This was a fraudulent misuse of their power, and a betrayal of the people in their own selfish office-holding interest. The charter of 1872 was adopted, and the existing Council took no other steps toward calling a special election to fill the vacancies in the several city offices; under the charter the old officers continued to discharge the. duties of the several places. Rut the time came around when it was uot in the power of the Council to delay the election of their bqeccssors any longer. The date of the gen eral election for Aldermen and the city olfi. cers (excepting the Mayor) was fixed by llio charter every April, and it could not be avoided. Rut the Council, true to the original compact, still declined to call a special election for Mayor, the general election for that office occurring every other year. Thereupon the people exercised their original right of voting to fill tho office on a general election day, when all voters were fully informed of tho fact, after both political parties and a men stcr mass-meeting had nominated o candidate, and when all the tickets afforded an oppor tunity to every voter to express his prefer ence. At this election, Mr. llotnb received tho groat majority of votes, and, Including those not returned, or improperly returned and not canvassed, ho received almost ns many votes ns the aggregate number of votes given to both candidates for any other office voted for. This was an election by the people, if there over was one, and to an office that had boon vacant for six months, which was tho time that had elapsed after (he expiration of tho term for which Mr. Colvin bod been chosen. Tho vote which Mr. Hoynb received was properly canvassed by tho now Coun cil (the old Council having refused to do its duty in this case, as it bad previously in neglecting to call a special election for Mayor), and ho was duly declared Mayor of tho city. lu this capacity bo demanded and received tho acknowledgment of all tho de partments of the City Government, and be gan bis career os Maj or with a larger con stitnonoy than any of his predecessors. This, in brief, is what Mr. llotnb cites as his warrant for exercising tho rights and functions pertaining to tho office of Mayor. It is a mere statement of fact, so that, if Mr. Colvin ami his attorneys desire a quick set tlemout of tho case, they will proceed to ar gue it on this basis. If this is not their pur pose, ami they desire to bo let down cosily and alowly, they will probably demur to Mr. Hoyse’s answer, though tho facts in tho coso are notorious. If Mr. Colvin’s counsel are confident in tho right and justice of their client's claims, they will not hesitato to solicit tho earliest de cision of tho Circuit Court on a state of things with winch almost every intelligent mnn is now entirely familiar; but whether they do this or seek further delay, tho action already taken by Mayor llotnb shows that ho will not defer the policy of rotronebmout and reform while waiting for a decision. Mr. Hates continues to identify his retire ment from the office of Comptroller with tho necessaty loss of tho city’s credit. In yes terday’s Journal ho thus expressed himself: In reply to The Tiunusi:. I would state that the city has already been dishonored in consequence of the position in which 1 have been placed, and whether the city’s credit can bo restored hereafter, will depend on the administration of Clovemmcnt, os a repudiation Government can have no credit. In regard to the statement that I assume ‘ * that the Mayor and Council, and all who differ," etc., arc in favor of repudiating the city debt, 1 would say that I have assumed nothlngof the kind. This Council, as well as the last, stand on record, by on almost unanimous vote, directing the Comptroller to pay all these certificates at maturity, but Mr. Hoyke and his leading backers take the position that the debt is Illegal, and that tiic city is nut bound to pay it. and that the city can fairly refuse to meet it and postpone the payment at their pleasure. That is actual repudiation! Precisely the same as that charged against the State of Mississippi, I have no Idea that if Mr. Horae continues to entertain his present views, and should bo decided Mayor of Chicago, that ho would make any provision for the payment of this debt. In reply to a question re* garding the payment of employes, Mr. Hayes said: “They can’t raise money to pay the employes of the city except by loans, and the city's credit la gone.” The coho is very simple. The city owes $3,000,000 of certificates, which the low de clares con only bo, and must bo, paid out of the $0,000,000 or more of back taxes, the most of which will bo collected in July, Au gust, aud September. The law prohibits the borrowing of money on time notes. Now, wo understand that the Mayor proposes to apply this money as fast as collected to pay ing those certificates, instead of taking them up now by issuing time notes, and using the revenue for other purposes. That, Mr. Hates thinks, is os bad as tho repudiation charged against tho State of Mississippi, but there are but few persons who will agree with him. Tho law expressly authorizes the city to borrow money on the taxes of 1870 to pay tho expenses of 1870, and, if the city cannot do otherwise, wo suppose it will adopt that course. Tho fact that some pieces of tho paper of the city have not been paid is pronounced to be tbe destruction of the city’s credit I Mr. Hates would have “ paid ” that paper by issuing another batch, and that il/fcairirr-liko operation, ho thinks, would have saved tho credit of tho city! There is not a respectable citizen in Chicago who proposes or thinks of repudiating anyof this scrip. Tho only man who insists that there is a purpose to repudiate is Mr. Hates, and, after ho gots over bis Uttlo pet in not being permitted to have bis own way, ho will discover that tho now Mayor and Com mon Council and Comptroller will be just as zealous in defense of tho honor of the city as he over was. One thing must be said in Bevebidoe's behalf at least, and that is, ho died game. Like ex-Mayor Colvin, he hung on desper ately when everybody clso saw that bo had not a ghost’s chance of a nomination. ITo was in the gripe of a singular infatuation, and thought to the last that ho would bo nominated. Ho was so anxious to con tinue in the Governor’s office that his eyes were closed to the fact that llxo people wore tired of him, and determined on a change. For four years ho has done little else than lay pipe, pull wires, aud itinerate over the State, electioneering for a re-election. He wholly overdid this kind of work, and caused a popular reaction against himself. Had ho remained in his office, and in a quiet and dignified manner attended carefully to its duties, and button* holed nobody for a re-election, he would in all probability have received the nomination without serious opposition. For in that case his own county would have stood by bim aud saved him from defeat. What would have been friendship and respect was turned into disgust, and no dunning or personal importunity sufficed to overcome it. The office of Governor embodies tbo highest dig nity of the State, and people will uot tolor* ate an application of the system of ward politics by occupants thereof for the pro* longation of their tenure. Tho Pittsburg Gazette, ono of tho leading Republican newspapers of Western Pennsyl vauia, undertakes a mild general denial of tho inference that Mr. Don Cameron's op. pointment os Secretary of War moans n transfer of tho Pennsylvania delegation to Cincinnati over to Mr. Conkuko after it shall have cast a complimentary vole for Habtranpt. Put the Gazette, in denying, really admits moro than it intended. It ad mils, for instance, that tho managers of tho Pennsylvania delegation aro in favor of Conslino or Morton as a second choice, which really means Coneuno, os Morton is likely to bo out of tho race. It also declares that the Pennsylvania delegation will not favor Bristow, because ho is regarded as “ arbitrary, opinionated, and not quick or strongnor will it favor Blaine, “ because he was instrumental in defeating tho Force bill in the last Congress." This really leaves Conklino tho only ono of tho leading candidates for whom iho delegation will volo after deserting Hartranft. If Um Gazelle in right in thin, then it has realty furnished a confirmation while intending a denial of the report that Mr. Don Cameron’b appointment os Secretary of War was in keeping with an understanding that the Cam eron family should deliver Oio Pennsylvania delegation over to Conklino, who in report ed to bo the President's favorite candidate. This is also the view of the Philadelphia Times (Independent), which says that the arrangement was brought about through iho intervention of a man named Mackkt, who is one of Mr. Cameron’s best friends and his most trusted advisor. Put the Times docs not admit that the compact can bo carried out. It prodlots, indeed, that the Blaine men In Pennsylvania will revolt, and it claims that they believe they can command a majority of the delegation for Blaine. In that case, Mr. Conblino's advantage is by no means assured. Some of Gen. O. O. Howard’s friends have taken exception to a paragraph which appeared in Tub Tribune a day or two ago connecting his name with the Frccdmen’s Bank, whose ras calities were exposed nt the same time. There was no Intention to Intimate that Gen. Howard was a sharer in the benefits of the frauds prac ticed upon the Ignorant negroes throughout the South by the agency of this institution, and wo know of no proof that he Interested himself In securing the repeal of the prudent laws of Con gress which required the bank to Invest Its money In United States bonds. The iniquities of the bank management began with this change in the law. At the same time, Gen. Howard’s connection with the Institution was unfortunate and certainly not creditable to him. Ho was called an “Honorary Trustee,’’—a position not contemplated by the law which created the bank. In this position ho permitted the use of hts name, which had particular strength with the freedmen, and he was certainly used in gaining a part of the con fidence which was so shamelessly abused. Gen. Howard, ns a man of honor and Intelligence, ought to have refused his consent to bo used In anv such way. If he was Ignorant of what was going on, he Is blamuble for such Ignorance, and ought not to have loaned his name to trans actions with the nature of which he did not take the time and pains to familiarize himself. It Is proper to say that the removal of the late City Marshal, Mr. Goodbll, was probably based solely on the fact that he was on unnecessary expense to the public. There has hccu no vio lation on his part of any of tho proprieties and no dereliction of duty; but, on the other hand, Air. Goodbll Is a banker and not a policeman, ami It Is not obvious that he could In any way contribute to the efficiency of the department. Superintendent Hickey, to whom the solo responsibility la now transferred, is an ex perienced police-officer and a good disciplinarian. There Is probably no man in Chicago who knows the gamblers, bunko-steerers, eoulidenee-men, ami thjevea so welt os he, ond probably none other who could so quickly rid the city of their presence if he wants to do so. If Air. Hickey rightly apprehends public scutimentand desires to follow out tho wishes of the Mayor and present City Government, he will proceed ener getically in this direction. When a Governor seeks a re-election and oniy secures 24 votes out of 80 from his own county, notwithstanding the frantic efforts of several score henchmen, including three or‘four editors of mncblnt newspapers, he can hardly blame the other counties lor nob supporting him. PERSONAL. What kind of a collar ought to bo worn with a bloody shirt? Tho Duke of Edinburg la to be promoted to the rank of Itcar.Admira). Judge Hour will preside at the Unitarian festival In Boston, which begins Juuc 1. Hr. W. 11. Crane, the comedian to welt and favorably known lit Chicago, Is (topping at the Tremunt House. Mr. Sidney Lanier has explained his theory of the relation of words to music. Now will he please explain his explanation? If Perioiat is convicted, ho ought to have the choice of eating his own beaus or meeting a shame ful death on the scaffold. Cora Pearl has sold out her stock of sin and ob tained the usual wages. She Is now baggurd-look ing, and a victim of duns. Kate Field’s stage name—Kocmlo—was that of one of her father’s Intimate friends in Cincinnati. Kcemle & Field published a paper there years sgo. Mr. Beverley It. Kolm, Genera) Passenger Agent of tho Kansas Pacific Railroad, Is at the Palmer House, and will remain in the city several days in tho interest of bis Hue. The Brooklyn Argut Is antltorlty for tho state ment that Senator Thurman even wishes all his un ole# were aunts. Then Old Bill Allen would not have interfered at St. Louts. Tho tickets for tho best scats In tho Fifth Avenue Theatre, Mew York, on tho occasion of Fanny Davenport's benefit, were 8-. 60. This was tho first time she had played Jioiallnil. The Singer will ease has been complicated by tho discovery of another "last testament, ” five years Inter than any of those now in dispute. When old Singer willed, ho wilted, you may depend on’t. Lord Mnndoville, whoso marriage to Miss Yznaga del Valle threw all Mow York society Into a fer ment Monday, Is but SI) years of age. He Is tbu son of a Duke, but his father Is In tho priroo of life and hearty, and there will have U) bo a weary wait ing for the Dukedom. * The Mew York cockncya are lost In admiration of tho stage-coach llao established by rich ama teurs. and largo crowds assemble to see the fash ionable passengers mount and dismount from tho top of the coach. As Goldsmith never said: Still they gaze, ami still thn wonder grows AC each fair •• outside’#’’ striped huso. At tho annual reunion of tbo Army of tho Potomac Society In Philadelphia, Juno 0, MaJ.- Gen. John A. Dlx (a to deliver the oration, mid William Winter, of tho Mew York I'ribune, will read an original poem. The exercises will begin In tho Academy of Music at noon, and a grand banquet will follow In tbo evening. Tho statement of the Cleveland Ltader that Theodore Tilton appeared before an audience at Wellington in u state of Intoxication is probably a mean and cruel hoax. It Is being repeated by each Journals as tbe Mew York Tribunt , which naturally delight In anything that can tcud to besmirch tho reputation of Tilton and reglld that of Mr. Beecher. A man Is seen dally on Broadway, Mew York, carrying a square pasteboard box on top of a pole, on two sides of which Is printed, “Shame on you "; on tho third, ' * Bewaru of the devil and his wife,—Bum and Tobacco,” and on the fourth, “Shame on you. men, to encourage poor women to sweep our dirty streets with their dresses, while multitudes of deserving poor are starving." It Is positively asserted that tho Prince of Wales doesn't want to he Emperor, and has been opposed to the new title all along. He would prefer to have his dear mamma keep up tho dignity of a Queen lu a proper manner before she assumes now and more gorgeous titles. Thu Prince's sentiments in this respect, It Is thought, gave special zest to his re ception by tho people of England on his return home. Miss Ellen McAllister, ft daughter of Judge Mc- Allister, will make her first appearance in public nt Ur. Knight’s benefit to-night. She improvises readily on the piano, and, the advertisement says, • ‘ plays upon any theme given, extemporaneously, producing entirely original music." Ur. Knight will read selections from “Macbeth," “Shamus O’iirlen," and other pieces, serious and comic. Thu entertainment will take place in tho Third Unitarian Church, corner of Monroe and Lafliu streets. Col. Harry O. Armstrong, foreman of a news paper ofilcc in Cincinnati, married before the War, and took to live with him his wife’s sister, then aged 6 years. Ho adopted tho child, and had her iiamo changed to Armstrong. When she grow up to womanhood hu became so foud of her that bis wife obtained a decree of divorce. Then bo mar ried her. Now ho is divorced from her also. Ou hU tombstone may bo written the simple inscrip tion: “ Up sustained with exemplary Infidelity the relations of adopted-father, bruthcr-iu-law, and husband." MUNICIPAL. Considerable Confusion Reigning Around the City-Hall, Goodell Polling on His War* Paint Preparatory to Con tiuning in OIIIco. Mike Bailey, Armed with a Colvin Prommoiamonto, Will Hold On. The Ex-Mayor’s Replication to Mayor Hoyne’s Pleas In the Quo Warranto. A Fruitless Effort to Investigate the Gamblers on Von Hoi* lon’s Defalcation. Ex-Comptroller Hayes* Official Books nml Papers to Bo Thoroughly Examined* He Declines to Define His Posi tion, but Awaits Results. HOW THINGS BOOK. TUB SITUATION TK3TBRDAT. A visitor at the City-Hall yesterday wonU fall to notice anything unusual. There arc no outward signs that show a change in the aspect of affairs nor In the different Departments. A careful observer would mark and reflect upon the vacancy of the rooms assigned for the May. or’s use. Hut the Interest. of days gone by sinks Into Insignificancy beside the more recent changes In minor branches of the City Govern, incut. The question of the Mayoralty !j temporarily forgotten, mid the headless chiefs arc the heroes of the hour. It might perhaps he Incorrect to use the word “changes,” fur there are none visible. Mr. Hayes sits cheer* fu), but thoughtful, In the Comptroller’s sane* turn, but work In the Department is stopped. Alike Bailey was around even more than ever, and Marshal Goodcll could bo found In the quarters with the necessary search. “What arc they going do about UV’ was a fro quent question that will bo found elsewhere an swered. A marked feature of the scenes of yesterday wore the anxious faces of the poor city employe?, whose countenances showed only too plainly wlm| their lips spoke. “We don't caro how it goes if we can only get onr money. *' The feeling of hue* curlty amt indifference to work is general, ami clerks mid assistants am ready to abandon their situations as soon as anything else turns up to do. The Aldermen come and go, hold consultation! with Mayor lloyne and among themselves. Tin leaders have a cheerful tendency, while some ul tho more timid begin to doubt tho wisdom of theli course. FINANCIAL. A CONFERENCE OF TUB TOWERS. Afayor Hoync, Aid. Rosenberg and Pearsons, and M. F. Tulcy had a quiet little confab yes terday morning in the Alayor’s office, and tho subject of the chut was the financial situation. What the exact words were which passed from one to theothcr can only be guessed, but all that would be said by any one of those who did the talking was, that tho situation was desperate, and they could hardly say what would be done. The actions of all those having the finances of the city in charge are extremely guarded. They have no information to impart, ami appear to be annoyed when the subject is introduced. A Tribune reporter was, yesterday afternoon, Informed by a prominent Alderman, who on* joys the eonlidencu of all his associates in office, that there was a deco-laid and wise move ment on foot that would again place the city Ins condition to merit tho confidence of all uarfici financially interested in Its welfare. The move would provide for the payment of all the indebted ness to the employes, which was regarded aa tin first but nut tho most pressing debt “The best thing to do," the Alderman stated, “to restore confidence both at home and abroad would be tc pay our employes. Not that I mvnn that othui debts should ba allowed to ran. That would ncvci do. Dutwhat I mean is just this; We are getting up a plan to pay tho employes Immediately after the approval of the course by thu Council, and I think that will be done. That done, by the same plans—which I ora sorry I can’t tell you, they aro so fine—we can fix other matters. What accidents will drop in on us before that time I can't ray, but wo will patch it up a* well as we know how. “What promises from tho bankers here have you got, or what bankers aro they!" asked the re *,0 Aftcr an admonition .not to be “too fresh,” s< some one was an old hand at the business, tho Alderman said that the plan would soon be perfect, t d ami put before tho Council next Monday night. There was every prospect that the plan would meet with favor, notwithstanding the fact that the aspect was “ desperate." WJIAT MAYOTt IIOTKB SAYS. In an Interview with a Tmiucsb reporter late in tho afternoon, the Mayor discussed tho financial situation very freely. Ill# Honor expressed lie opinion that all outstanding paper of the diy Is Il legal. but slated that the Rnanen Committee were carefully considering tho question with a view to paying the employes and meeting the other obliga tions of the city ns they full due. • • Can you give me any idea of the policy of the Finance Committee In this respect! ’’ asked the re- PU “Well," responded the Mayor, “the members hold a conference in nsyofflee this morning, and came to the conclusion that U would be more satis factory to the holders of certificates If the Common Council pass a resolution agreeing to their pay ment at a certain date, say within two or three years, than to allow matters to remain n the pres ent unsettled condition. A proposition to this effect will be submitted to the Council, prolmhh at Us next meeting. It will undoubtedly be atlopled. And nut an cud to tbo absurd cry of repudiation which has been raised by certain parlies. Ihe In tention of the Administration Is to pay the _em* ployes as speedily as possible, audio meet every other Just obligation of tbo city. . .. . “ I understand. ” said the reporter, changing the conversation, •• that several of tbo dcc M»imti.a »11l not recognize your authority to “1 only know of one who Is disposed to dlspnl ..... authority—-that Is the late huuerlntendent of K S?lr Till or I m>Ua»4 «■» B»«rtl »< X c Work, of ill removal, mid a reeled them to IX JhlrSeifVue olUco. Al« rnlmuo. ego 1 re “l‘?ftM t l!; I Mw W 2£-5 ! f« ! "«"- Thom, How- Dbab Bui: lam directed by the Board of Public Works to acknowledge the receipt el your leltcr 4|,i ß Hriii) uotifrln" the Board of tho removal of M. i ll nSluy? lute Suporlntendenl of Buildings. The Board made demand upon Mr. Bailey for the surrender of bisofiice records, papers, etc., but he refuses to comply with the demand, stating that !S uJ2. not recognize your authority in the prem ises. ours, etc., A poli.ivan. Secretary. “Well, what do yim Intend to do about this. M “l*have turned tho letter over to the City-At torney. and the matter Is now in his hands. “It isolated that Marshal Goode)! also to deny your authority. Have you been notified l ° “No*” answered the Mayor, smiling; “ think that Is correct. He certainly asked that tno removal should be held buck until tho t o'amilii o reported thereon, uud I have beard uolhlug fr° ,u hl "* Whatwill you do In case the rumor turns out *°“ think It will be necessary to do nn>- thing. Wo have a new Comptroller, and »e mu be unable to draw auy poy. Hint fact will I r ably have some Influence on his action. . At this point Mayor Hoyno was called aside oy one of the now Alucrmeu, and tho interview * minated. _ TIITS EX-COMPTROIiT/EU. WiIAT UB BAYS AUOUT TUB SITUATION Thu principal business of ex-Cmnptrollcr Hayes yesterday was answering the <iuestlona of reporter* ou tho general situation. ~ cussing tho financial position of no city with Tub Tiiiuunb nia«i l,u slated that ou Monday hu hail paid-fa7,(WU ox maturing ccrtlflcules. Twenty or thirty thou sand had gone to protest, but there was wy due till Juno 1, when between s7(W,(XWandsbOO. 000 came duo in New York oud $400,000 or $500.- 000 foil duo in Chicago. He thought that it would all go to protest. He had already, before bis removal, mode arrangements to have the paper held In New York, renewed at a wiali

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