Democratic Sentinel, Volume 1, Number 29, Rensselaer, Jasper County, 31 August 1877 — Page 1
gtyfftmiocratiti fentin el A. DEMOCRATIC NEWSPAPER PUBLISHED EVERT FRIDA*, - BY FAMES W. McEWEN. terms of subscription. One copy one year , $1.50 One copy eix months I.o# One copy three months 50 W Advertising rates on application.
NEWS OF THE WEEK.
THE WAX IN THE EAST. A Constantinople dispatch says the Porte has ordered the immediate concentration of 50,000 militia of the second class at Adrianople, Sofia, and other points near the scene of operations. A war correspondent telegraphs that the Russians hay# over 200,000 men from Pyrgos to Gabrova and thence back to Nikopolis. At the rate reinforcements are coming in the Turks will in a short time be crushed by overwhelming- number* The fight for the poMession of the Bchipkapass prrtres to have been one of the most sttib born and well-contested on both sides that the war has afforded. The Russians occupied a numbej|of bitrenchmeutaoriginally constructed. l>y the Turks in Hie defiles of the Balkans, but ajuHidoned by them soon after the Russians penetrated into Boumelia. The Turks hurled themselves with desperate valor upon thfcse defenses, and were repeatedly repulsed with terrible slaughter. For four days the contest raged with fury, the valorous Turks, with gradualy thinning ranks, returning time and again to renew the assault, always with the same result. The Russians, on each approach of the enemy, poured a galling fire into their ranks, mowing them down by hundreds, literally paving the mountain side with corpses. On the fifth day the Russians, wqrn out with the incessant fighting, and threatened with a flank movement by the superior numbers of the enemy, withdrew and left the coveted pass in the possession of the obstinate Turks. It Was a great victory, but purchased at a tremendous cost. The number of Turks killed and wounded is estimated at not less than 9,000 or 10,000, including many officers. The Russian loss, owing to the fact that they fought under, cover of their works, was comparatively small. The total Russian force engaged in defending the pass was 13,000 men. Opposed to these was the whole of Suleiman Pasha’s army, estimated at 60,000. Another victory is claimed for the Turks in Asia, They captured a Russian position, and repulsed an attempt of the Russians to regain it after five hours’ severe fighting, in which the assailants’ loss was, according to Moukhtar Pasha, 4,000 men killed and wounded, and an immense quantity of arms and munitions. Th# Turkish loss is placed at 1,200.
GENERAL FOREIGN NEWS. The London Times' Calcutta correspondent telegraphs that the prospects for the autumn crops may be regarded as hopeless in Southern India, most critical in Western, Central and Northern India, and fairly good in Eastern India. The Imperial Government of China has issued an edict against the use of opium, declaring itslll-ie was bringing destruction upon the Chinese people. In addition to home production, opium is imported into China to the annual value of over $40,000,000, principally from British India. The often-attempted feat of swimming across the channel from Franco to England has been accomplished—the swimmer, a man named Cavlll, .making the crossing in five minutes more than twelve hours. The distance is twenty miles. Gen. Grant has arrived in Denmark, and is visiting his sister, wife of Minister Kramer, at Copenhagen. Advices from the City of Mexico state that “the Mexican official organ has published a memorandum of Minister Foster, explaining the intentions of the United States in issuing orders to Gen. Ord. Perfect tranquillity is reported. Measures for bringing the border question to a satisfactory settlement are being discussed.” The late, nows from Spain is that the failure to subdue the insurrection in Cuba is mainly due to corruption, incompetency and maladministration on the part of Spanish officials, but there arc no indications that Spain has any intention of abandoning the contest, or that she fears outsiders. A Berlin correspondent states that the Khedive of Egypt, for his military service to the Porte, demands the right to form a navy. On account of numerous accidents on the overworked Roumanian railways, an agreement has Wen made by which the railways pay 4,000 francs for every soldier killed, and 12,000 francs for every officer killed. The plague having broken oiit in Russian Poland, the German frontier lias been closed by a strong military guard. It is asserted in England that Osman Pasha, who coinntanded the Turks, at Plevna, is no less a personage than the celebrated Marshal Bazaine. It is officially announced that all the great power# and Belgipm, Holland, Sweden and Portugal have adhered to the German protest against Turkish cruelties. United States Minister Noyes and family have arrived in Paris.
DOMESTIC INTELLIGENCE. ICast. The New York Wffness, a temperance and reliciona daily started in 1871, has suspended publication. ' Suits are to be brought against the county of Allegheny by the Pennsylvania railroad and the owners of private property destroyed in the Pittsburgh riots for the recovery of damages to the full amount of losses sustained. S. E. Hardman, manufacturer of Kenyon’s fire-escape, was giving an exhibition of his ajiparatus at in New York, a few days ago. HO fastened the instrument to his breast and lowered himself out of the thirdstory window, when the brass band parted, and Hardman fell headlong to the ground, being instantly killed. Y,, is introducing steam streetcars. A A The lumber of coal-miners who have struck in Northeastern Pennsylvania is more than 40,006. Their demands include a restoration of the wages as they wore in May last. Music has been transmitted, by telephone from New York to Hartford and back without break, a distance of 240 miles, presumably an unexampled feat of the mysterious telephone. South. A dispatch from Austin, Texas, says Col. F. L. Britton has been discharged by the examining, db®t where he wa. tried for the shooting •dr Marshal Purnell. The verdict was “Shooting' justifiable, being in selfdefense.” The cotton report of the Department of Agriculture makes an unusual showing of the condition for August, no material decline being apparent from the status in July. The general ave»'«e for July was 93.4, in August 93. No State averages stand higher than in 1876, except those of Louisiana and Florida. John Wesley Hardin, the most notorious desperado that ever infested the Southwest, was lecently arrested at Pensacola, Fla., on a requisition from the Governor of Texas. About twenty shots were fired in making the arrest, and Hardin s companion, named Mann, was killed. Hardin has murdered twentv-seven men in Textts within a few years.
The Democratic sentinel.
JAS. W. MoEWEN,
VOLUME I.
The Georgia Constitutional Convention has finished its labors and adjourned. West A sensational tragedy occurred near Kickapoo, Kan., the other day. A dissolute young farmer named Scroggs killed his father-in-law, Jasper Oliphant, and a constable named Gross, who attempted to arrest him. The community was so incensed by the double murder that a mob gathered and summarily put an end to the wretch by hanging him to the limb of a tree. A Salt Lake (Utah) telegram of Aug. 22 reports that Gen. Howard, the day before, had a skirmish with the Indians, in which one man was killed and seven wounded. The same night th® ungrateful savages stole 200 of Howard’s horses. The Nevada voiunteers were returning homo, thoroughly disgusted with the manner in which Howard was conducting the campaign. Advices from Gen. Howard to Aug. 24 report him still in pursuit of Chief Joseph’s band, and only one day behind. As ho Vras compelled to halt and await supplies there was no immediate prospect of his overtaking the savages. Chicago merchants are laying themselves out for a big fall trade. The newspapers of that city have recently had reporters out among the business men, sounding them upon the subject, and in every instance they met with the most encouraging anticipations. An unprecedented rush of business is reported by newly all lines of trade, and merchants, without an exception, predicted the largest fall business that Chicago has ever shown. Three horse-thieves were recently hung by a mob in the Missouri river bottom, between Lexington and Holden, Mo. A dispatch from Camp Robinson, Neb., chronicles the robbery of the Deadwood and Sidney stage, near Buffalo gap, by five highwaymen, who fired into the coach without giving any warning to halt. One of the passengers was shot through the ear. The robbers secured only sl2 out of the SI,OOO in the possession of the passengers. Two spans of the great Union Pacific railroad bridge that spans the Missouri river at Omaha were destroyed on the afternoon of Aug. 25, by a whirlwind which swept down the river and lifted the spans off the piers. The bridge wis completed March 25, 1872, at a total cost of about $2,000,000. The damage is estimated at $300,000, but will probably bo loss, inasmuch as the piers are standing, and the superstructure can be restored at far less than the original cost. Of course the principal loss will arise from delays in transportation and the necessity of breaking bulk.
WASHINGTON NOTES. The President and all the members of the Cabinet returned to the capital last week. A late Washington dispatch says: “The latest information as to the direction which Chief Joseph and his band are taking is that they are heading for the buffalo range near the Crow reservation. There is no intention of relieving Gen. Howard from command. The Secretary of War thinks that he is doing the best that can be done with his handful of troops, and with almost insurmountable difficulties to overcome. POLITICAL POINTS. The Democrats of Pennsylvania, at their State convention at Harrisburg, on the 22d of August, nominated John Trunkey for Supreme Judge, William P. Schell for Auditor General, and adopted the following resolutions : 1. That the induction of Rutherford B. Hayes into the office of President, notwithstanding the election of Samuel J. Tilden thereto, was a high crime against free government which has not been condoned and will not be forgotten. The same spirit of patriotism which forebore a contest upon the first offense will resist and punish any attempt at a second. 2. That .the immediate happy effect of application by the Federal administration of the Democratic policy of non-intervention in the internal affairs of the Southern States amply vindicates our frequent protests against the previous violation of the reserved right of the several States to the exercise of all power not delegated to the General Government by express constitutional provision. 3. That the purpose to reform the civil service which han been proclaimed by the present administration Is like its adopted Southern policy, a confession of the failure of radicalism and a just tribute ■to the Democracy which has long and earnestly demanded the overthrow and punishment of corrupt officials.
4. That capital combined in corporate organization has been too highly favored by both State and Federal legislation, and its demands for large returns arc inconsistent with the depressed condition of the laboring and business interests of the country. We oppose turther enactments for its special benefit at the expense of other interests. Labor and capital should have no cause of antagonism, and they should be left free to adjust their own relations. The right to contract freely exists for both parties. 5. That we accept the admonition of Jackson in saying, concerning standing armies as dangerous to free governments in time of peace, “I shall not seek to enlarge our present establishment nor disregard the salutary lesson of political experience which teaches that the military should be held subordinate to tho civil power.” Accordingly an increase of the Federal army and any attempt to employ it as a partisan agent of the Federal authority or for interference with the sovereign rights of States will receive the continued earnest opposition of tho Democracy of Pennsylvania. 6. That many of our rich men have not been con-. tent with equal protection and equal benefits, but have besought us to make them richer by act of hv nHpmntins to gratify their desires have in the results of legislation arrayed section against section, interest against interest, man against man, in fearful commotion; and therefore the grant by the Legislatures of States or by Congress of exclusive privileges, and the establishment of odious monopolies under pretext of public benefit, or of justice to certain sections of the country, are direct assaults upon the equal rights of the people f and, as these monopolies have been contrived to enrich a few, while a large number of people are reduced to want, the Democracy of Pennsylvania protest against subsidies, land grants, loans of the public credit, and appropriations of the people’s money to anyuiorporation as legalized plunder of the tax paying industries of the country. 7. That we look with alarm mid apprehension upon the pretensions of the great transportation companies to be above the fundamental law of this Commonwealth which governs all else within our borders, and, until they accept the constitution of 1873 in good filth, they should remain objects of the utmost vigilance and jealousy by both the Legislature and the people. 8. That we hereby reaffirm and adopt the' financial resdlutlons ofthe National Democratic platform adopted at St. Louis in 1876. A call has been issued for a State convention of the Pennsylvania Greenback party, at Williamsport, on the 19th of September, for the nomination of a State ticket. It is asserted that in? -case the Republicans secure a majority in the Ohio Legislature Secretary Sherman will enter the field for the United States Senatorship against Matthews and Garfield.
The Connecticut Greenbackers met in convention, to the number of 1,500, at New Haven, the other day, and passed resolutions calling for the unconditional repeal of the Resumption act, the full monetization of silver, the passage of an act making greenbacks full legal tender and interchangeable with bonds, the adoption of an equitable system of taxes, and the abolition of monopolies, opposition to subsidies, and condemning Secretary Sherman and calling for his removal. The Virginia Republicans have decided to
RENSSELAER, JASPER COUNTY, INDIANA, FRIDAY, AUGUST 31, 1877.
nominate no candidate# for State offices this year. 4. **’-'*•' “
MISCELLANEOUS GLEANINGS. A fire at Guelph, Ontario, the other day, caused a loss of $75,000. A pooling arrangement has Been effected, after a prolonged contest, between the two great telegraph corporations of the country, the Western Union.wad Atlantic and Pacific. The terms of the newly-formed combination arJ, that the Western Union shall take seveneighths of the receipts, and the Atlantic and Pacific the remaining one- eighth. A material increase in rates of transmission is to take place forthwith The Mexican General Benner ides has captured tiiree of the eight outlaws who broke open the jail at Rio Grande CSty, Texas, and reports to Gen. ord,tsas qf the jail-breakers Only tve were residents of Mexico and two were Texans. A national convention of bankers has been called to meet in New York on the 12th of September. In the last fiscal year the total revenue of the United Staies amounted to $269,000,000. The expenditures for interest on the national debt were about $97,000,000, and for pensions, $33,250,000. President Hayes will visit Tremont, 0., on the 14th of September, to attend the reunion of his old regiment, the Twenty-third Ohio. Grain in sight in the United States and Can ada: Wheat, 2,296,861 bushels; corn, 10,352,283 bushels; oats, 1,629,385 bushels; rye, 453,220 bushels; barley, 233,418 bushels. The President was invited by Mr. Blaine to meet him nt his home in Maine. The invitation was declined for want of time. The National Board of Trade has just held au interesting, and it is hoped a profitable, four days’ session at Milwaukee. The attendance was meager in numbers, but seems to have more than made up in quality what was lacking in quantity. The discussions took a wide range, embracing nearly every important topic relating to the commercial, financial and industrial interests of the country. Among other important questions passed upon was the proposition looking to the adoptiyjj of a standard weight of tho bushel throughout the United States; a request to the President to recommend to Congress the creation of a commission for the purpose of revising the tariff rates; the adoption of a memorial to Congress for the removal of the present discrimination against the West in the matter of direct importation ; the passage of resolutions in favor of a reciprocity treaty with Canada; the adoption of a resolution recommending the funding of greenbacks in bonds of the United States bearing 4 per cent, interest and running forty years, and expressing the opinion that the present law for the resumption of specie payments is insufficient to accomplish that purpose ; the denouncing of the Bankrupt law as unjust and oppressive in its operations; tho adoption of, resolutions urging the repeal by Congress of the navigation laws of the United States, which were characterized as unjust and destructive to the American ship-owning interest; and calling upon Congress to take steps to secure an international monetary convention for the purpose of establishing a permanent relative valuation between gold and silver. A resolution in favor of the remonetization of silver was voted down. The Chicago Jh/er-Ocean recently addressed a circular lettci- to nearly all the members of the present Congress soliciting their views upon the question of the remonetization of silver. The number of replies received was 197, with the following result: In favor of remonetization, 146 ; against remonetization, 18 ; undecided, 31; declined to answer, 2.
TRADE AND INDUSTRY.
The Macon, Ga., ice-factory is turning out 10,000 pounds a day, at a cent a pound. f The striking coal-miners in Sangamon county, 111., have resumed work at the old rates. The Buckeye Agricultural Machine Shops at Akron, 0., have closed for a month or so, being somewhat in advance of work and the times. The Vicksburg Herald claims that 50,000 industrious laborers could obtain a comfortable subsistence from the soil within easy distance of that city. The grain receipts at Chicago are becoming enormous. In one day, recently, nearly 2,000 car-loads were received by rail, and over 90,000 bushels by canal. The Pittsburgh Gazette says there is no especial change in financial circles in that city, but a general tendency toward increased activity, the approach of which is very perceptible in the community. Jay Gould and Sidney Dillon offer to build a narrow-gauge railroad, from the Union Pacific at Cheyenne to the Black hills if the local money men will put in half the money, which one-half will be about $75,000. Inspired by the reports of Western crops, an eminent banker of New York, and one of the most sagacious observers and best-informed financiers of the country, predicts that within two years the United States will be overflowing with uuj -vr-ocwl4>l*,
In some respects the strike on the Baltimore and Ohio road was successful. The road is now employing the same number of men as before the strike, and many favors are granted employes heretofore denied. Nearly all the men are now enabled to make full time. The whlespread influence of dull trade after unhealthy speculation is traceable in the failure of several Lyons silk houses, one with liabilities amounting to $1,000,000. The condition of the French manufacturers lias been rendered exceptionally precarious by the partial loss of the American market, and the preference which has been for some time accorded to woolen fabrics. We are doing a great deal of national wailing over hard times, but comparatively we haven’t so much to weep over. In Southern Insia 20,000,000 of people are threatened with starvation. Their crops have failed for two years because of drought, and it will be some months before the growing crop will be available for food. The British Government is sending relief, but the job is a large one and thousands are dying. There is annually imported into the United States from Italy, Sicily, Spain, Portugal and other Mediterranean countries, 25,000,000 pounds of sumach, which is used by all morocco manufacturers. It has just been demonstrated that it can be cultivated with profit in California, and in quantities large enough to supply the home demand. Agricultural societies sre circulating directions for its culture and treatment. The grain shipments of Buffalo via canal for the week ending Aug. 21, amounted to 1,588,817 bushels, against 584,397 bushels for the same period last year. This shows a gain of 1,000,000 bushels to the canal, all caused by low tolls, But for the reduction of the tolls
“A Firin Adherence to Correct J&inctplos”
the railroads would have gobbled the million of bushels; and yet there ha# been a loud civ in New York demanding high tolls on tne canal, put forth doubtless by strikers for the Central and th# Erie. The New York Tribune ventures to issue a warning to business men to beware of dangerous ventures this fall, andshouts out to them to hold hajxl. It finds the stock market booming with wild speculation, and, as to the banks, loans upon stock collaterals to an extent not equaled oetdre since the days of 1879. It ventures the opinion that ‘ ‘the stock market isiu a most critical condition; that a very reckless speculation is sustained by enormous loans by the banks on stock collaterals; that a very great and rapid fall in price of stocks is contemplated by everybody in the street as likely when the strong holders can get rid of their ventures; that prices are shoved up desperately to help them; and that the fall, if it comes, vail bring as great a pressure as that of 1873 uppfi banks very much less able to bear its”
CURRENT EVENTS.
The Georgia Constitutional Convention has decided to give the Legislature power to regulate freights and fares on railroads. Befobe the end of September more than 7,000 men will be sent from Spain to reinforce the useless army engaged in the hopeless attempt to reduce the insurgent banditti of Cuba to submission. The Maryland State militia have all been paid for their services during the strike, men and officers receiving the same rate of pay as in the regular army. Over SIOO,OOO was required to meet this expense. It is said the real inventor of the present Russian war is Gen. Ignatieff, the shrewd Ambassador who played so successfully against all the diplomats of Europe. Gortschakcff is credited with opposition to the war, and Ignatieff with an ambition to succeed Gortschakoff as Prime Minister. / Indian and other outrages are constantly reported on the Texas frontier, and the movements of Gen. Ord’s troops are watched and signaled to the Mexican robbers by some, of their confreres on this side of the river. The Rio Grande frontier has become a name of terror, and is now the grand culminating point of border ruffianism, both America and Mexico furnishing their full quota of rascals. The East Indian famine is assuming alarming proportions. It is now feared that the entire country may suffer from scarcity of food, owing to the dearth of rain. In Madras and Mysore it is deemed certain that the famine will continue with increased intensity for six months longer. No doubt the royal promise to do all that is possible to mitigate the terrible calamity will be carried strictly into effect. Another stupendous tunneling enterprise has been projected. The scheme is to tunnel the Hudson river, from Jersey City to New York. The bore will be two miles long and twenty-three feet wide. Beginning in'Jersey City it will end near Washington square, in New York. It will cost $10,000,000, and will be used chiefly for transferring railroad freight, which at present must be loaded and unloaded for ferry transfer.
' Pittsburgh and the county of Allegheny will have to pay dearly for their disgraceful imbecility during the late riot, by which millions of property were destroyed. The Pennsylvania Railroad Company is listing all the claims of merchants and others who lost freight by the burning of a thousand or two of its cars, and will present the bill to the city and county for payment, together with its own claim of several millions of dollars for the destruction of locomotives, cars and buildings. The belligerent habit which Spanish cruisers on the coast of Cuba have contracted of late is not only becoming disagreeable to American merchant vessels wliich happen to be sailing in that quarter, but has suggested to the authorities at Washington the necessity of making a thorough investigation into the many complaints recently lodged with our Government. This sort of target practice will hardly pay as a regular busi ness, when we take into consideration the disastrous effect such outrages, if unpunished, will have upon our commercial interests in Cuban waters. The House of Lords had a debate the other day on the state ot Ireland, which indicates that the island is, on the whole, peaceful and prosperous, though there are two or three counties where there is considerable agrarian crime, that is to say, violence on the part of the tenants against their landlords. Lord Oranmore and Browne, who introduced the subject, and who was deeply impressed with the need of more active measures, had some figures to show that agrarian crimes were on the increase, and drew a dark picture of the state of affairs in certain counties.
Peace is concluded between Egypt and Ahyacinla, nn terms which make the miserable war between the Khedive anti King John a drawn battle. The uld frontiers are to be restored, and the Bogos country will be given to Egypt; and, on the other hand, Abyssinia is to be at liberty to have an agent at Massowah, and to have free communication with foreign countries, except that the importation of powder and guns is limited to fifty pounds of powder, ten guns and 5,000 caps—an arrangement not likely to be long satisfactory to warlike, powder-loving Abyssinians. Col. Gordon is not, however, yet free to begin his often-postponed task of putting down the slave trade in the Red sea, for an insurrection has broken out in the province of Darfur, and he is busy suppressing it.
Kid Gloves.
Kid gloves are rarely made of kid, as their name implies, the demand and supply being far greater than the number of kids annually killed. Rats and lambs furnish a large proportion of the material used for ladies’ kid gloves. France has always taken the lead in glove manufacture, but some firms of England are fast growing into popularity and favor. Glove manufacture in the United States is confined principally to buckskin, and driving and gauntlet gloves, which closely resemble kid, but axe much heavier.
A Cheap Telephone.
The simplest form of telephone is constructed of a stout piece of twine passing over at each end the top of a fruit jar with parchment drawn tightly over. The twine may be as long as can he held taut. The experiment works well, and two persons can sit in the center of a room in the second story of (heir respective homes and converse with ease. Vocal and instrumental music are also heard with good effect,
THE OHIO CAMPAIGN.
I t \ t V ii. * Speech of Son. Thomas Ewing, at Cdlnmbns. The Resumption Law Dissected, and John Sherman Answered. Fsllow-Citizbns : We are met, after one of th# most eventful years in the history of the American people. A long political strife has happily ended in the triumph of the Democratic principle of local self-government; and another equally protracted and momentous struggle is now nearing its decisive day. For ten years past, in violation of the constitution and of the pledges on which, the war was fought, the Republican party held several great States in,’military subjection; fastened on them a rple of ignorance and I vice ; robbed them by intolerable debt and taxation ; fomented race and sectional hatred, and prevented the restoration of tbht free government and fraternal feeling without which the war were vain and its fruits but ashes. And for ten years past, in violation of its duty to the great people who bore the heat and burden of the war, instead of keeping our vast debt at home as a currency debt, and leaving our then prosperous industries undisturbed by contraction and forced resumption, it has doubled the public burden by fraudulently making the greenback debt a coin debt; sold the bonds abroad and made America, as a borrower, the servant of Europe, the lender ; demonetized silver at the demand of foreign Shylocks; and, to crown its blunders and crimes, paralyzed the abounding energies of our people by a scheme 'f gold resumption, which is filling the land with bankruptcy, and the lieartsljpf thedaboring nfosses with despair. So that this great, Resourceful people, smitten oni the one side with local misgovernment and race feuds, and on the other with industrial distress and paralysis, crouched down, like the strong ass Issachar, between the two burdens which the carpet-baggers and the usurers loaded on them.
The Gold Resumption law towers above all others as the issue of this canvass. The Republican party is solely responsible for it, and irrevocably committed to its enforcement. It enacted that law by a strict party vote; it stood by it throughout the last Congress in solid phalanx; its President declared against any repeal or amendment, and put its author in the treasury to execute it; and now sends him to Ohio—illustrating by exception the vaunted rule of civil-service reform—to hide the hideous features of the law from the people whose happiness and industries it is destroying. Mr. Sherman boldly says, at Maasfield, that the law “can, should, andtoillbe executed;" while the silence of the Cleveland platform on this Republican measure only adds the vice of cowardice to the crime of its enactment and execution. On tho other hand, the Democratic party is clearly and fully committed against tho law. Repeatedly, in the last Congress, it voted for its unconditional repeal; it passed through the House a bill striking out the most pernicious section, which bill Mr. Sherman smothered in the Senate. And our Ohio platform this year, as last, declared for the repeal of the whole law —not its amendment, but its utter and absolute repeat
This law, involving as it does the early and total destruction of the greenback currency, and the larger part of the national-bank currency, is the sole cause of the unparalleled distress which afflicts all—employers and employed alike—who are engaged in industrial pursuits. To no other adequate cause can tho trouble be attributed. Our people have been blessed with health and peace—have had good crops, and, certainly, for four years past, have practiced a rigid economy—our exports have steadily increased, and our imports steadily diminished. Why should each successive month bring fresh and greater disaster? What other adequate cause is operating with accelerating power to drive millions of wage laborers into idleness and pauperism, and to drag , into bankruptcy the most of those whose means are engaged, in industrial pursuits, leaving none to stand but the wealthiest and strongest? We axe told that the panic of 1873 is partially the cause of our trouble* I answer that it long since ceased to aff&t us.’ Unlike all other revulsions, it had no origin in the character of the currency, which was increased in value in public estimation by the panic, instead of being impaired or destroyed by it. Its effect was brief, and was limited to a few great insolvent corporations and firms, and to a comparatively small number of individuals in volved in their affairs. Former panics, Bn the ol her hand, affecting as they did the current money of the people, were far more general and protracted in their bad effects. The country was rapidly and obviously recovering from the panic of 1873, when, on the 14th of January, 1875, the Resumption law was enacted. If the panic were the cause of our present industrial distress, the year 1874 would have shown more business failures than the years following. But the record of commercial failures—that barometer of the nation’s business—shows a falling off of bankruptcies from $228,000,000 in 1873, the year of the panic, to $155,000,000 in 1874, rising again to $200,000.000 in the year following the passage of the Resumption law, and keeping up the enormous rate ever since. And the number of bankruptcies rose from 5,830 in 1874 to 7,740 in 1875, and to 9,092 hi 1876, and to the rate of 9,498 for the first half of 1877—showing that it is the poison of the Resumption act, and not the panic, which is operating with increasing power, and reaching deeper into the hives of industry. But,, fellow-citizens, whoever would seek the cause of the troubles of to-day need only examine the Resumption law itself in the light of indisputable facts which control its operation and effect. In the campaign of 1875, before the law was dry on the statute books, I predicted its effects, and warned the people of Ohio that by indorsing the Republican party, with its fixed policy of resumption, they would plunge into utter ruin every interest worth preserving. That prediction was denounced and ridiculed then by the Republican press and leaders, but, unhappily for tho people, is now being rapidly fulfilled. Let me beg my Republican friends to hear again a statement of tho design and character of the law, the mischief it has alrcaay done, and tne tenfold greater mischief wliich will surely attend its complete execution. All of you, no doubt, understand that when the business of the country is adjusted to a given volume of currency, no large contraction can occur without great injury to the mass of the people. A decrease of the volume of the currency benefits all who have fixed incomes, whether from rents, interest or salaries, or whose wealth is in money or money securities, for it increases the purchasing power of every dollar they control, while it injures all debtors and taxpayers by compelling them togive for each dollar of debts or taxes paid so XuUch more of labor or products in payment. ' Now, who are the debtors who suffer by lowering of the prices of labor and its prodttets, and increasing the purchasing power of money? To the extent of his taxes everybody is a debtor. But who are the “ debtor class,” so-called ? I answer, almost every business man in the land. Nine-tenths of the business of the country is conducted, in whole or in part, on borrowed capital; nine-tenths of the vigorous, energetic men, seeking to rise from poverty to competence, are debtors; and nine-tenths of the wage-laborers are dependent for employment on individuals and corporations who conduct their business, in whole or in part, on borrowed money. Now there is paid each year as taxes, national, State and local, about $750,000,000; and any appreciable increase in the value of the dollar, and consequent decrease in the price of labor or its products, operates as an enormous incubus on the mass of the people considered only as taxpayers. Then, too, the currency debts of individuals and private corporations amount to not less than $8,000,000,000; and any large increase of the value of the dollar and decrease of the price of labor and products, with which such debts are paid, is a vast addition to these debts. If the change of values be large it must result in general bankruptcy—bankruptcy of the nation, States, counties and cities—because the people cannot bear the increasing burden of taxes ; bankruptcy of railways, manufacturers, merchants, tradesmen, and wage-men, accompanied by forced idleness and starvation of those who look to daily wages for daily bread. Now the present unhappy condition of our industrial classes is precisely that which inevitably follows sudden and large contraction of the currency. The symptoms all point to that cause as the extreme depression, vomiting, and burning pain in a patient points to the dose of
arsenic in his stomach. And I will show that the fatal draught of resumption has caused contraction enough to account for all the woes we suffer, and involves a further contraction large enough to utterly kill our industries. When the Resumption law passed we had about $766,000,000 of paper currency, which, added to our coin (though that was not iu circulation), gave us per capita $15.36, excluding bank reserves. France has $35 of actual circulation, exclusive of such reserves ; England, $24.28, and Germany $26.80 before demonetization of her silver, and $23.62 after that demonetization. It is preposterous to say that our circulation was excessive in view of the condition of those conservative nations, over whose petty areas, covered by nets of railways and telegraphs, exchanges are effected with ten times greater average speed than over our widely-extended and largely-undeveloped domain. Our currency was certainly not -beyond the then-existing wants of trade. President Grant, with the sanction of his Cabinet, in his message in December, 1873, represented it as insufficient; and both houses of a Republican Congress, Gen. Garfield leading off in the House, passed a bill to increase it, which Grant, having meantime succumbed to the bullionists, vetoed.
The Resumption law was passed with the general belief that it would result iuan increase of the paper currency. But how has it operated so far ? It has already caused an actual and permanent contraction, as follows : 1. By destruction of greenbacks Jan. 14, 1875, to Aug. 1, 1877 $22,811,182.00 2. By cancellation of bank notes, Jan. 14, 1875, to Aug. 1. 1877 86,624,612.(0 3. Greenbacks surrendered to redeem and cancel bank notes not yet actually canceled 14,425,026.00 Total $73,800,820.00 These figures are those of Mr. .Sherman’s Mansfield speech, except the last item, which he omits, doubtless because the cancellation is not yet actually accomplished. To this may be added $57,170,000 held, as private deposits' almost all of which will probably be kept hoarded in the treasury awaiting payment and cancellation. Thus we have an effectual contraction, as shown bu the books ofthe treasury, ot $131,030,820. This is exclusive of any part of the $44,000,000 of “coin and currency” which Mr. Sherman intimates he has accumulated in execution of the Resumption law. He does not tell what part of it is legal-tenders, nor explain by what authority of law ho is hoarding paper currency for resumption. .-Add to this large sum the $100,000,000 which is estimated by the Cincinnati Gazette to be elsewhere hoarded—hoarded solely because business is paralyzed, credit stopped and enterprise become pernicious under the accumulating disasters threatened or accomplished by forced contraction—and wo have, as the work of the first nineteen months of preparation for resumption, an actual destruction of one-tenth of our currency, and a withdrawal from business of nearly one-third of-it. “If these things be done in the green tree, what will be done in the dry ?” Au equal destruction and hoarding will give us by resumption day an actual destruefion of a fifth of our currency, and leave in actual circulation but little over one-third of the currency we had afloat when the contraction screw was put in operation.
But Mr. Sherman says the bank surrenders of circulation were not made under the Resumption law, but under a former law. True, but it is the threat of resumption, and that only which is driving in the bank circulation. Mr. Sherman, in his speech in the Senate on the 14th of December, 1868, in opposition to Morton’s bill for resumption of specie payments, said : “All historical precedents show that fixing the day for resumption inevitably led to a contraction of the currency by the banks, * * * an( i flie process of contraction produced the sorest distress.” Our banks know that after resumption day they can’t keep one-4|iird of the present volume of bank paper afloat redeemable in gold. Hence The banks, especially those remote from the centers where gold accumulates, are foreseeing the danger and hiding themselves. They would all wait until near the resumption day to withdraw their currency ; but many of them have further motives for early withdrawal in the desire to realize the premium on their bonds, and to increase their cash assets in this time of money stringency throughout the West. I And wliat further destruction of our paper curreccymust we expeot after resumption day? On this momentous question the Becretarv of the Treasury, the author of the law, the’ acknowledged dictator of the finance policy of the Republican party, ought to be able to speak with confidence. He got a “ dispensation ” ffom Hayes to come to Ohio and open the campaign for the Republican party on this resumption question. He knows that the business, the property, the comfort and happiness of the masses depend on the question whether the execution of that law will involve a further large contraction of the currency. But here is all he could say last Friday at Mansfield to calm theirj fears aud reanimate their hope : “ A certain! amount of United. States notescan be, and ouoht to bp, maintained at par with coin." Bit at what does he estimate’lhat cer. tain amount ? At tea millions —fifty—an hundred—three hundred ? He does not say. I’rudent Mr. Sherman! to leave your ‘ ‘ certain amount” so very uncertain. The obvious fact is, that each legal-tender note, after Jan. 1, 1879, is an order on the treasury for gold. Whoever wants gold to pay duties, to ship abroad, to hoard, to collect as reserve for redemption of bank notes, has only to send greenbacks to the treasury aud get it. The greenbacks will then be destroyed, and the gold sent abroad or hoarded in banks for redemption and for customs. Every dollar of greenbacks, to redeem which the treasury can rake and scrape enough gold, will be forthwith redeemed and destroyed; and within a year after resumption, I venture to predict, Mr. Sherman’s “certain amount” of greenbacks maintained in circulation will be but little less than what has been loot or destroyed in the fifteen years since their issue began. We will then have lost our greenback currency and have only a gold bonded debt abroad to represent it. Recollect, fellow-citizens, that “redeem," in this law, means to pay and destroy, as the Government destroys a bond when redeemed, and it every day destroys fractional currency “ redeemed ” .under tlje same language of the same law. A reissue of a greenback redeemed under this law is clearly not permitted, as Mr. Sherman intimated in dt bate when the law passed, and as he intimates in his Mansfield speech in complaining that he is not allowed to fund the greenbacks directly in bonds—so that every greenback “redeemed” goes forever out of existence as money. “But we shall then have a gold currency instead of greenbacks,” say the resumptionists. Not at all. None of the gold will be in general circulation. The banks must have it to redeem their notes, even if they buy it at a premium. The importers must have it to pay duties; and, above all, Europe must have it in payment of interest on the debts we owe her.
I do not understand how any sensible man, who knows how small is our supply of coin, and how great our debt and expenditure abroad, can believe for a moment that we can keep gold in general circulation here, or can even hoard and hold enough out of circulation, as a redemption fund, sufficient to float a fourth of our present paper currency. Look at the facts : We pay abroad, as interest on Government and other bonds, fully $110,000,000 annually. We pay to foreign ships, which carry more than two-thirds of our foreign commerce, about $70,000,000, of wliich at least two-thirds is expended abroad ; and our wealthy people traveling in Europe ex?end there not less than $50,000,000 annually. take the average of several estimates which show thus an annual drain for debts and expenditures abroad of not less than $235,000,000 annually ; and, making due allowance for coin received by us from foreign travel and immigration, there is still left the sum of over $200,000,000 going abroad on an inexorable annual demand. It is as though we owed a debt of $5,000,000,000 in Europe, with interest at 4 per cent., payable annually there in gold. Now, the ignoring of this fact is the fatal blunder or wrong of the resumptionists. The balance of trade in our favor has never, in any one year, equaled this foreign drain, and for the past six years has averaged only one-tenth of it, or about $20,000,000 annually. There has never been a year since this debt and expenditure abroad was established when it was not paid in whole or in part by coin shipments, and by increasing the debt by sales of new bonds abroad, thus making the foreign demand larger and more permanent. In meeting this annual drain we have, since the war, exported of gold and silver largely more than the whole coined product of our mines, added all our imports of those metals; and so reduced our supply of the precious metals that we are now estimated to have in this country only about $150,000,000 to $175,000,000 of gold and silver combined, against $285,000,000 m 1860. Before the war, when we were not enslaved by foreign debt, and were yearly adding to our stock of the precious metals, we never could keep out over $225,000,000 of bank paper, even nominally redeemable in coin. How can the banks ajnd Government do it
$1.50 per Annum.
NUMBER 29.
now, with less gold and silver in the country, and a foreign demand for it which is incessant, increasing, and which cannot be ignored without national insolvency ? The great money-power—the worst legacy of the war—intend, by this scheme of forced resumption, to make gold the sole measure and payer of debts, public and private: to increase the bonded debt by funding the greenbacks; to concentrate in a few great banks in the moneycenters absolute control over the volume and movements of the cdrrency, so as to make hard times and good times at their pleasure, aud fatten on the unwary multitude at every turn of the tide; to contract the currency for the next few years to the smallest possible measure, so that the .<512,000,000,000 the people now owe will buy $24,000,000,000 or $36,000,000,000 in former values of the people’s labor and products; to crush ont the myriad of smaller industries heretofore successfully maintained by combining the energy and talent of men of small means with money borrowed of non-producers; to confiscate the real property of debtors, and bring it into fewer ana stronger hands; to pauperize labor so that the money-power will enslave, and own, and use it, with no further cost than enough wages to keep the machine of laborer’s body in good working order; and finally, by means of the immense concentration of wealth and power in the hands of a few, to realize the policy of the early Federalists, which is stronger since the war than ever before, of making this Government a strong, centralized aristocracy. Whoever hugs the hope that we can pass thj-opgh the furnace of forced resumption, and fare no worse than England did, is wofully mistaken. We are incomparably less prepared for resumption than she was. The paper to which her business was adjusted, when her Resumption law passed, was but $232,000,000 ; oyrs $766,000,000. The premium of gold in England then was per cent.; with us it was 8 per cent Her debt was all held at home ; half of ours is held abroad. All the world paid tribute to her manufactories and her commerce; .we pay an annual tribute to foreign shipping, to foreign work-shops, to foreign bond-holders and to foreign shows equal in the aggregate to one-fourth of the net annual Increase of our wealth. She was as rich in gold and silver as was ancient Tyre—“ by the reason of the multitude of the" wares of her making ;” we have next to none of the precious metals. Ricardo assured her business men as Mr. Sherman assured us, that the gold premium which was but 3% per cent, would be the measure of the contraction of the paper currency and reduction of values caused by resumption. Yet, to reach resumption, her currency was contracted over 40 per cent., business credits 87 per cent., and eveyy value on the island, whether of land, labor or product, was reduced in price about one-half. If our resumption has, in fact, caused the 2bj per cent, reduction on gold, it has also caused a reduction by cancellation and by Ijparding of at least a third of our paper currency, and a shrinkage of from 20 to 60 per cent, in the value of land, labor and products. How much greater reduction in currency and in all values may we expect to overcome the remaining two-thirds of the gold premium ? If we were as well prepared for resumption as England was, we might learn from the pages of Allison, Doubleday, Martineau and other chroniclers of that most calamitous period of British history what to expect. But, in our state of utter unpreparedness, we can only know that the selfinflicted calamities will be immeasurable.
The moneyed men, who are driving this car of Juggernaut over the people, seem struck with judicial blindness. They hold $3,000,000,000 or $4,000,000,000 of our national, State, county and city securities—all dependent on the will and the resources of the people. We now pay, and for a long time have paid, about $750,000,000 a year in taxes. That is $17.50 for each man, woman and child in the United States—nearly twice as much as is paid by any other nation. The British pay $11.09 per head in taxes ; the French; $11.41 ; the Germans, $9.24; the Austrians, $7.22. It is perfectly obvious that our people cannot bear this great burden unless general prosperity be soon restored. But, if our industries are to be still further crippled and destroyed—if past accumulations must be eaten up in enforced idleness—if men must be driven to “borrow money for the King’s tribute on their lands and thenvineyards, and send their sons and daughters to be servants,” a large part of these burdens will be violently cast off. And, if that unhappy day should come, then remember, Messrs. Bondholders and Gold Resumptionists, that it was your arrogance and greed which led to repudiation, just as the pride of the slave power abolished slavery.
The Fighting McCooks.
A monument to Gen. Robert Latimer McCook, one of the famous fighting family of McCooks, has just been unveiled in one of the Cincinnati parks. jGen. McCook was a lawyer in Cincinnati at the outbreak of the war, and partner of Judge Stallo, a leading German. A few days after Lincoln’s first call for troops he, with his partner, addressed the Germans. A number of them organized the Ninth regiment and elected him Colonel. He was promoted to Brigadier General for good management and gallant conduct at Mill Spring, but, on Aug. 5, 1862, while lying sick in an open carriage, his regiment being on the march from Athens, Ala., to Tennessee, and he three miles in advance with an escort, was surrounded by a band of guerrillas and shot, dying the next day. Capt. Frank Gurley, his murderer, was subsequently captured, tried, found guilty of murder, and sentenced to be hanged, but, after remaining in prison eighteen months, was by some error exchanged. Five of the McCooks met violent deaths. Charles M. McCook, private of the Second Ohio, was killed at Bull Run. Maj. Dan McCook, the father, was killed while riding at the head of Morgan’s pursuers, at Buffington Island, Ohio. Dan McCook, Colonel of the Fiftysecond Ohio, was mortally wounded at Kenesaw Mountain, in July, 1864, and Gen. E. S. McCook was assassinated at Yankton, Dakota, in October, 1874.
More About the Public Lands.
Maj. Powell, in charge of the geological survey of the Territories, recently made a statement that there is but comparatively a small area of arable land now owned by the United States. This statement has been frequently controverted. Maj. Powell is preparing ter Congress, at the direction of the Committee on Public Lands, an accurate statement of this question, in which he will maintain his assertion. The results of his survey will attract general attention. He divides the United States into three regions with respect to agriculture—the humid or arable, the sub-arid and the arid. In the arable portion, which includes the country east of a line drawn from the eastern part of Lake Superior to the Gulf, the United States owns no lands not taken up. The belt of country 350 miles in width, from Canada to the Gulf adjoining that belt on the west, is the sub-arid division. In this the United States owns a considerable quantity of land which may be cultivated by irrigation. West of that, in the immense arid belt extending from the Rocky Mountains into Eastern California, only 2 per cent, of the land can be cultivated, and of this per cent. 1 per cent, has already been taken up. Maj. Powell is preparing a land atlas of the entire country, in which arable and timber lands are shown.— Washington Correspondence. William Henry Smith, lately appointed First Lord of Admiralty in England, was the great news-vender of Great Britain for many years, and it is a little curious to note that another William Henry Smith holds the same rank in the United States, being the head man of the Western Associated Press. . In a Nevada trial a new theory for defense was evolved. It consists in proving the previous bad character of the accused in mitigation of his crime, and ag an explanation why nothing better cpuld have been exported of him.
senwcriifiq Sentinel JOB PRINTING OFFICE Has better facilitiea than any office ta Norihweater* Indiana for the execution of all brauchea of JOB frustting. PROMPTNESS A SPECIALTY. Anything, from a Dodger to a Price-List, or from a Pamphlet to a Poster, black or colored, plain or fancy. SATISFACTION GUARANTEED.
THE SILVIK BRIDGE. BY ELIZABETH AKERS ALLEK. The sunset fades along the shore, And faints behind yon rosy reach of sea ; Night falls again, but ah, no more, No more, no more My love returns to me. The lonely moon builds soft and slow H r silver bridge across the main. But him who sleeps the wave below. Love mourns in vain ; Ah no, all no, He never conics again ! But when some night, lieside the sea, I watch, when sunset's red has ceased to burn, That silver path, and sigh, “ Ah me, Ah me, all uie, He never will return.” If on that bridge of rippling light His homeward feet should find their way, • 1 should not wonder at the sight, But only say, “ Ah love, my love, I knew you would not stayl” —Atlantic Monthly for September.
WIT AND HUMOR.
Epitaph for a Highlander—“l’m kilt entirely. ” Spirit Rapping—What a drunkard’s wife too often knows too much of. It took seven flat cars to haul a newspaper man's appetite to a Kentucky picnic. The man who carries a cheap umbrella has not that regard for his fellow-citi-zens which is desirable. If you think you are too tall, marry an extravagant woman, and you will soon find yourself short enough. An old bachelor says that the talk of women is usually about men; even their laugh is but “He ! he ! he !” ' An aged African, describing how he felt when he took hold of a galvanic battery, said : “My voice clung to my jaws. ” A colored minister in Kingston tol l his sable hearers that they “must knuckle down to the Lord on their knucklebones.” Why should the statue of the Colossus of Rhodes have been considered an equestrian one? Because it bestrode a noble bay. “I should have no objection to my wife’s reigning,” said an affectionate husband, “ if it were not the fact that when she reigns she is apt to storm also.”
“A soft answer turneth away wrath;” yet a man caught by his wife dealing soft answers to a pretty widow next door says he can show sears to prove that the proverb didn’t work well in his case. Not less than sixteen brass bands competed in a tournament at Rocky Point, and the very clams got up, turned over in their beds, and howled with agony, adds the New York Commercial Advci - User. First reflection—“ Really, I’ll either have to quit alcoholic drinking or stop my newspapers. Expenses must be curtailed.” Second reflection —“ Well the newspapers don’t amount to much anyhow.”— Derrick. This is the way the Minnesota Grangers are delivering themselves in communications to the local press : O sound the loud timbrel O’er valley and plain ; The locusts have left, And we harvest the grain. I'm a poor man, and my father was a cooper,” said an opponent of Tom Marshall upon one occasion. “Doubtless his father was a cooper,” replied Tom, “hut he put a mighty poor head onto one of his whisky barrels.”— -New York Tribune. Cream and peaches once a week, Kiss your girl on the right-hand cheek. Apples green and npples dried, Kiss her on the other side. —Auh'apd fieview. That evinces Wretched taste— Take your girl about the waist, Lift her to her pink toe-tips And plant if squarely on her lips. —Frankfurt Yeoman. A RUSSIAN WAR SONG. We’re coming, Alexander, at least a million more, From Kaniveshacja’s bay and Obskalagouba’s shore ; From Karakouska’s frozen wild, from Tymskaia’s plain, We’re marching, Alexander, with all our might and main. From Gatmousckino’s forests,from Tchernorbcskoi’s vale, From Wassigoubsku’s blooming fields, from Thuyskia’s dale, From Kakamajora's village, from Meidoucharki’s isle. We’re arc coming, Alexander, the weary rank and file; From pollysyllabic villages we’re marching gayly . down, And we're going to rot in Turkey to gild anew your crown; Were on to Adrianople, and fair Stamboul wo seek, Aiid we’re headed by some General whose name no tongue can speak. From provinces and districts whose names before the eye Look like algebraic problems all tumbled into “ pl,” The “ arolows ’ and “ offskies,” “ effs ” and “ offs ” and “ vitches,” For Holy Church and pious Czar will die in Turkish ditches.
Horrors of War—A Turkish Report.
The Turkish Minister of Foreign Affairs informs his diplomatic agents abroad that the Russians on entering Eski-Saghra disarmed the Mussulmans, employed mokhtars to fetch the Mussulmans out of their houses, and they were massacred. Eleven hundred were thus put to death. When the Russians entered Lovatz fifteen woman and children, fleeing from the invaders, were killed. Others, to escape outrage or death, had to abandon everything, even their children. Every’ Mussulmin house in Lovatz was pillaged. After the recapture of the town, the Russians carried devastation and carnage into the neighboring districts. The Russians drove out all the Mussulman inhabitants of the vilage of Herste, and burned all the men and some of the women. Only one woman escaped. Seventy Mussulmans and the Imaum of Yuklem were shut up in a barn, which was fired. Forty-four other Mussulmans were massacred. and all the Mussulman women outraged. Eight young girls who resisted were killed, and two burned with the mon. The greater part of the other women, with their children, were taken outside the village, where, one after another, with their children at their sides, they were slaughtered. Twenty women and children who escaped massacre were rescued by Ottoman troops. The English militaryattache himself witnessed all these horrors. The Kus sians disarmed the Mussulmans of EskiSaghra, Kezanlik, and the neighboring villages, and distributed the arms among the Bulgarians, who drove down 400 Mussulmans to the river Tundja, and massacred them. At Eski-Saghra and its neighborhood the Bulgarians continue the massacre of Mussulman population. Atrocities committed by Cossacks and Bulgarians continue. Women and children who had sought refuge in Khidirkeni were massacred. Otherfamilies shut up in a granary were delivered by our troops. Among them several women and children were wounded. The Bulgarians put to fire and the sword the. Mussulman village of Sofedji and several others, after having earned ofi women and girls, whom they outraged, killed, and mutilated horribly. One woman and her two sons were the only persons saved.
