Indiana State Sentinel, Volume 23, Number 27, Indianapolis, Marion County, 20 January 1874 — Page 4

THE INDIANA STATE SENTINEL. TUESDAY, JANUARY 20, 1874.

TUESDAY, JANUARY. 20.

The trail of the serpent is over us all Last term the Cornell university prize for the essay the highest honor of the yearwas awarded a youthful Cicero, who, with the piping treble of an incipient Stephens, joined the clear robust thought of a practiced thinker. His subject was history, and the execution, style, thought and argument were so finished and brilliant that the committee awarded the sneaker the prize without leaving the hall. In time the wonderful productibn appeared in the Cornell Review, a student's publication, and then the chagrined pundits discovered, quite accidentally, that the fine prose of the stuttering senior was copied in "chunks" from the somewhat practiced writer. Buckle? Of course the faculty were full of chagrin, but what can they do? The craity plagiarist has his prizi and the committee have the paper, and all that the college folks can do is to confess that they clon'c keep up with the classic literature of the time. The next you hear of that graduate, however, he will be running an organ somewhere and edifying his readers by wondrous wisdom copied from well say the Presbyterian journal, tho Interior or, if a dramatic sermon, possibly the Atlantic monthly: Take? All the drippings from Washington, official guesses and otherwise, show that the conviction is in all minds that the administration shows an exceedingly unfortunate record iu the late controversy with Spain. Passing by the undignilicd coraplkition between rish and Sickles, the general results of tin dispute ere unequivocally in favcr of Spain, and that power may, under the foolish rulings and demands made on our fid3, force us into war. The pretext is all with Spain, and it is said tho Sorrano government is a good as pledged to war, in order to unite the entire sentiment of the Spaniards, who split up into factions on the policy of concession adopted by Castelar. It is fetill asserted in Washington olliclal circles that in order to extricate this government froiu the unpleasant predicament, Cushing, whether confirmed or not, will be Rent to Madrid. lie alone is sufficiently versed in the niceties of law and international usage Jo meet the wily and treacherous Spaniards on an equal footing. The rumor is not without strong features of inherent probability. Cushing, as jurist and minister, would be more than a match for all tho cunning ol the Serrano government, and he might be able to extricate us from the results of Williams' ignorance and Robeson's pugnacious zeal. Very naturally the national board of trade, in session at Baltimore, have given their principal attention to the question of finance. Most of the time on Wednesday was occupied with a discussion from various gentlemen, whose views were about as diverse as have appeared in other bodies that have favored the public with individual theories for the past three months. Yesterday the same topic was renewed and several amendments and substitutes were offered by gentlemen to the report of the committee on national finance, which was submitted on Wednesday. Each of the amendments .g was rejected in turn, and the four resolutions reported by the committee were adopted by a large majority, a part of them unanimously. The resolutions as adopted are the following: Remlvfd, I. That the national board of trade refpec' fully recommend to congress that there shall be no further Issue of irredeemable paper monev whatever. 2. That In the opinion of this boarJ, it Is the first duty of the government Jo provide for the retirement and cancellation of so much of tbe legal-tender Issue as has beten taken from the socalled H,0uu,(K'U reserve. a. That it Is . tbe Imperative duty of the government to restrict Its expenditures in every department of the public service t every possible point, and that strict economy be Instituted in all appropriation . 4. That congress be reqaostp J to so amend the national backing law that the banks hhall bo conlpelled to hold the coin they receive for Interest, of their bonds hypothecated as security for their circulation, as a part of their reserve, until their reserves in coin Khali be equalt least to M per c.nt. of their circulation. The transportation subject will be considered under a report from a committee on that subject, of which Mr. Grosvenor, yt St. Louis, is chairman. As the views ot Colonel Grosvonor are' so well known on the transportation subject, it may be conjectured what the substance of his report will be.' lie is for attending to the Mississippi river first and the interest cf St. Louis, afterwards to whatever is of most importance. The report, ia anticipation of its adoption, was ordered printed, and will undoubtedly be an able document, as its author has already shown himself an exhaustive writer on the question of transportation. Elizabeth Cady Stanton has been moved to speak oat again, and call her felfow women to the onset in Washington presently. The women's congress is to hold session and anent the occasion Mrs. Stanton informs us that "woman has a genius for gojernment, and the power so long used for personal ends should now take a higher aim and interestjn national growth and welfare. 'Patriotism is the highest of all virtues; 'statesmanship the most exalted of all sciences and tfc study of political economy far more important than the cook book or the mirror of -fashion.". .All very true, but if women goes to law-makingand practicing the trick3 of the Tweed, and the pillars of' the ''great party," what .will become of tha shlrs and kitchen? Who will - mend? the socks and; provide for the pantry? Yea more, who will fabricate those multiform fixings cf laco and silk and muslin and the like, which render women irresistible to the creatures that at present serve as hus bands and sweethearts? If the line little ! sentiment qnotod above, from among other equally impressive and epigrammatic gen:?', is shared by the majority of Mrs. Stanton's sex, man will have but little show in the millinial dispensation, and civilization will rotate backward to the forms of fhat picturesque period when nature piepared man's mansion and chance afforded him attire. If the granting of suffrage is to achieve all, or a part of what Mrs. Stanton claims, man must, in self-defense and in the interest of the myriad millions who would be consigned to "old maid-hood," put every

obstacle in the way of such a consummation. Fancy the world of sweet girlhood turned Into incipient statecraft? The budding sixteen hankering for say the custom house, or postofflce, or oollectorshlp, or congress, with all the sweet frailties of frills and furbelows thrown asida and the grim front of office seeking and wirepulling presented instead ! No, Mrs. Stanton may bestow su ffrage ou the elderly married and utterly old maided, but for the majority of the sex, in the name of the futura generations, let the

thing be stayed. Admitting by a severe elas ticity of imagination, that man could get through the world shirtless for without buttons it would bo about that what would the story tellers and xets have to build their fictitions upon? Women immersed in the same struggle as man for self and pelf would lose at once those sentimental attributes which the youthful swain fondly dreams the inseperable accompainment of the sex. But there is no use discussing this matter, the farther you go the more reasons you find for denying the place of man to woman save that which she gains by her own arts and artifices, and the average woman hardly de sires more! A paragraph in the Sentinel of Saturday called attention to the importance of the railroad extension completed that day the Cairo and Fulton railroad. It shortens the route to Texas and the Pacific, by way of Cairo, 150 miles. The event has struck the attention of watchful Indianapolis citizens, who instantly detect its advantage to this city. As there is almost an air line route now in operation from Indianapolis by way of Vincennes to Cairo, and therce from the last place to the new connection with Scott's Terü and Pacific rood, a glance at the map chows between hero and tho southwest tho route is now direct. Tho telegram announcing the completed connect lou on Saturday volunteered an allusion to tho improved connection with St. Louis, a secondary advantage to Indianapolis, for the former city is away from the route to one side. Those who have not attended to the subject may not appreciate the important fact that an air line railroad connection exists from this city through the capital of Arkansas and thence to Texas and tho gulf. What this will develope yet in the way of trade with that immense, rich and fruitful country has scarcely yet been imagined. That it will be of vast importance a little study of the situation instantly shows. Thus even apparently remote causes are continually adding to those wonderful resources which are impelling this city forward with bewildering rapidity. Take a map and look out this new line carrying you direct from this city through Cairo and Little Rock to the metropolis of Texas. It is an immeasurable triumph for Indianapolis. - - . -i - - - i On the introduction of Mr. Holman's resolution the other day, calling for rigid scrutiny in appropriations and general reduction in expenditures, the Sentinel made some comments on Mr. Ilolman's work in congress, and pointed ont the fact that his. best work has been achieved outside of the present remnants of parties. To this the Vincennes Sun makes a vigorous protest: We most cordially approve of all the Sentinel says in favor of Mr. Ilolman, for he is really a credit to our state and an honor to the democratic party. But we lail to ee upon what pretext or principle In logic tin praise of Mr. Ilolman should be coupled with an Insinuation aa.nst the integrity and honesty of the democratic party, ".smash the present rotten and putrid parties. In independence there la political regeneration," says the JSentlnel. These epithets would apply very truthfully to the radical party, bat when they are t pplied equally to the democratic party we deny the relevancy and demand the proof. We ask the Sentinel to name a sln.?le corrupt, oppressive, unjust or extravagant measure that has been fastened upon the country, and the existence oi which has rendeed reform desirable and necessary, for which the democratic party Is either directly or indirectly responsible, wilt not every fair and candid journal admit that the democrats as a party have opposed all the corrupt and infamous measures that have been fastened upon the country by a radical ad minislratiuu? It is true that individuals connected with the party have been enticed away from true democratic principles, and by so dotug have brought reproach upon the party and ruiu to their own political piospects in the future. Why Cots the Sent luel say that Mr. llolman is aciiug outside of all parlies? We claim that such men as Holinan are the true representative or the democratic party, and are rellectlng the principles, views and wishes cf not.only all true democrats, but of all who honestly and sincerely desire political relorni and regeneration whether they ate called democrats. Independents, conservatives, reformers, people's party, farmers' movement, or liberal republican parly. His very true that Mr. Holnian is acting precisely la accordance with the wishes of all the parties mentioned, and it U not strange that each one should claim him. We undertake to say that there Is not a democrat In the State of Indiana, or in the United Htates, that does not approve of the course of Mr. Holinan and all others who are making a similar record. The member from this district, Mr. Nlblack, who has made as good a record as any man in Congress, with a single exceptiou, has indicated clearly by his letters to the Sentinel and other papers that he approved the course of Mr. Hoi man ou the salary quest loa, but was placed in a false position by aduerlng to an old established party custom. Mr. Ilolman was elected as a democrat. Is- now acting as a democrat so far as there Is any party organization. Ail sound democrats claim to be Independent as well as conservative; so that there is really no important difference In any of the parties mentioned except the name; and there is precisely where the thoe hurts a very considerable number of good and true patriots are sick and disgusted with the administration party and want a chaDge, but thrir old prejudices rise up against the name democracy. The principles' of democracy are all right, but they do not like the name. If, however, these great reform parties ever succeed in seeming the triumph of the pure principles forjwbich they are coutepding, it mast be in united and harmonious action, and our Judgment is that the democracy presents a nucidus around which all the elements opposed to the administration may rally and thereby the favorite rrinciples of each may attain fuU and complete sucsess. Mr. Ilolman is acting outside of all parties in his best work, as tho votes of the bouse daring the session will show. Tha minority lu congress Is led by Fernando 4Wood a man estimated upon-precisely tho same plaue as Tweed, in his own city, New York. The minority in selecting him as their leader confessed alliance and sympathy with the republican robbers. Very nearly everj volo since that first - caucus disgrace, has kept measure to that Infamy. Thenea who vote for Fernando Wood have persisted in their filly in every test voto of the house. They have opposed the salary repeal, opposed the reduction of taxation opposed wholesome measures presented to the house and have proven themselves utterly unworthy any toleration. ' Had Mr. Ilolman acted with them he would have voted for the grab, voted against retrenchment and conducted himself in a faihlon to close the ears of selfrespecting citizens against him. Men Intent ou real reform don't care a straw about names. Call an honest man what you will, bt t show us works rn'wt for admiration and support, and the majority of hü fellow-citi

zens will uphold them. Whoever has taken note of the tone of political discussion in any and every rank of life seea and hears

one tale do away with the past; throw old parties to the limbo of the unremembered, and let us have a chance to build anew. When a religious body comes to recognize an irreparable breach in doctrinal agreement, there is a separation and the formation ot a new church. The same thought should find free vent in politics the general principles of the two parties which have contested the country during the last ten years are very similar In the main. There are large segments of each however which desire a change in the details, and these two ' coming together are destined to control the fortunes of the country for the next decade. It ia Idla to discuss the crimes and failures of parties. Made up ot men, they necessarily partake of their weaknesses and errors. It is the part of wisdom to recognize this and bundle the guilty out of the way without affronting the eyes of the new generation with them. Parties are very properly judged by their leaders as a man is by the ' books he reads and the company he keeps. Hence the better sentiment of the republican party grew into opposition frpm 1870 to the Cincinnati convention. Decent men naturally enough objected to hold place in a party whose leaders were known ojf men to be corrupt, characterless, debauched. It was the presence in the party of the Camerons, Mortons, Pomeroys. and hundreds of this corrupt and corrupting sort, which forced Greeley, Sumner, Schurz, and tho greater part of the self-respecting, thinking, educated men out ot it. Operated now by illiterate vulgarians, who shift, and turn to catch a vanished popularity, the party Is tho scoß of the nation, and its lenders detected and abhorred. The Eun should not, therefore, bo surprised if such democratic leaders as Fernando Wood, Stephens, Beck, Ran dall, Morrisey, and their kind, are taken to represent the party. They have identified themselves with the republicans in all thn corrupt legislation in congress, and as a result, bring destruction on the party. Every one of these men can be elected and reelected to the places, and so long as it is so, it is use less to cling to a lost cause. Cincinnati is Indiscreet as well as "slow." Having a full half century's start of Indianapolis, she should be so far beyond rivalry, that even our gigantic strides could not ruffle the complacent serenity of assured position. But the drippings from the press indi cate that envy and dread are eating the vitals of the unfortunate and decading city. Cincinnati isn't given much to bible reading or it would have remembered that standing lesson to envy and malice in all times "would that mine enemy would write . a book." Indianapolis' enemy has done the next thing to it in fact, is perpetually parading its heart on its sleevo for daws to peck at. A few months ago some enterprising manufacturers came from that envious town on the Ohio and impressed with the wonderful advantages of this city, cast about for a chance to squeeze into the thriving den of accumulating industry. A place was of course found. They knew that where th?re were so many people there must presently, in the fullness ot time, be a procession to the tomb, and they set to work to provide caskets for the pilgrim hosts bound over the river. Having set their house in order, and finding the city greater even than had been said or sung, they straightway set about enlightening the people broadcast. They devised a work of ' illustrative art, setting off this city'3 most conspicuous advantages, and these have been sent to the cities of the land, the editors therein, and whoso, perchance, desires to bask in the promise of the great inland city of the future. A Cincinnati editor having recsived this stunning presentation of the modest merits of this town is moved to say half in malice half in admittance: Indianapolis is a great focus. It Is the center of modern civilization. We learn this fact from a circular map before us. which resembles a railroad map of the world, Indianapolis being the Rome to which all roads lead. Thl picture of Indianapolis and its suburbs which was evidently made by an astronomer, is a curiosity. No man can have an adequate idea of the importance of Indianapolles who has not examined this map. It Is a kind of astronomical and geographical representation of Indianapolis "as a shipping point." Of course no pic tare could fitly represent Indianapolis la this aspect that did not give a' bird's eye view of Us suburbs. So wo have clustered within the concentric circles of which the capital of Indiana Is the center the various suburban villages that draw their sustenance and importance from' Indianapolis. The shades of the map, together with the concentric circles aforesaid, denote with charming perspicuity the extent to which the cities of the world are Illuminated by the Hocsier capital. Among the more favored suburban cities of Indianapolis we notice in the first concentric circle Cincinnati- Lexington, Louisville, Columbus, Maysvlilc, Frankfort, Toledo, Kalamazoo, and even Chicago. Among the less favored suburban cities tributary to Indianapolis, as we learn from this eccentric and concentric map, we notice Detroit, St. Louis, Memphis, N&thville Pittsburg and Cleveland. There are cities of the third class, according to the Indianapolis geographer, all tributary to Indianapolis.. In this unhappy grade we find SU Paul, CufTalo and Rochester, Philadelphia, Baltimore, Washington, Richmond, Atlanta, Vicksburg, Little Rock and the Included villages. Tho suburbs cf this famous city, according to the Iloosler geographer, only extend 6u0 milt a into the wilderness, and the suburban grades are 00, 4U) and 000 miles respectively. Just a little outside of tho channel circle number three we notice, to be sure, New York, and Charleston, and New Orleans, and Mobile, bat those villages are not of much account, being remote from Indianapolis. We suggest to the real estate owners and dealers of Cincinnati that this Indianapolis maker uf maps should bo hired to construct a coucentrrc map of Cinclunati. Real property hereabouts would rise straightway. This extorted eulogy is from the Enquirer. . Farther down the river, the decorous and sedate Journal of Evansville, Is moved to remark that: "An Indlauapolls mnp-mafcer has been doing a good work for the metropolis of Marlon. The city, with Its suburbs, as tar as we are able to determine from his work, covers an area of something like three hundred miles square, and contains a popf latlon of about two millions. Chicago, St. Louts and Cincinnati are tho most

populous, suburbs, though Buffalo, Cleveland,

Pittsburg, Louisville and Evansville have post tlona of honor. It Is a valuable map and should have general circulation." ' . Attorney General Williams has learned something since that famous day when he telegraphed the citizens' committee of New Orleans, that "it is useless to come on; the president has made up his mind." The Texas person who hankered to imitate the course of Kellogg! Davis, repeated his dedemand for troops, and Mr. Williams re sponds in a far different tone. He is willing to concede the right ot self -government to the Texans, and counsels the inventive Davis to step out of the governor's office, as he has had four years ot it.' Gov. Davis was a very good colorel in the union service, and turned his position to advantage when Pres ident Johnson appointed, him military gov ernor of the state. This case is significant ol the common belief in the minds of the republican carpet-baggers, that they can do as they please, and the federal bayonets will be put to their assistance. In South Carolina, Alabama, Mississippi, Louisiana and Texas the people have been overridden by robbing carpet-baggers and Federal soldiers, and these chaps naturally think the business may be continued. The Durell slink out has probably warned the president that he has irona too far in up holding robbery and lawlessness. The point to remember, however, is the tone of the attorney general's messages both for and against. Think of a government officer, be he president or what not, assuming by a stroke of the pen to settle the destinies ef a half million of people. NEWS AND GOSSIP. The civil rights bill 13 nothing but a casa of Uaci male. Mullett is a self-made man and architect of his own furtunos. Banoroft was Caleb Cushing's classmate; fifty-seven years ago. The grangers appear to be holding a Ceres of elections. Rather serious. ' An international conundrum: Will Uncle Sam put on mourning if Ant'nelll dies? Yes yes will Plo No-no. The new patent butter made of beef suet won't su-it many people, we fancy. We prefer the udd9r kine.-St. Louis Globe. Dr. Hayes describes an iceberg of his acquaintance as containiug enough ice to supolv this world "with ice cream and sherry cobblers for a century." "What is a more exhilarating sight," says a Vermont paper, "than to see IS handsome girls riding down on an ox sled?" Well", li) would beat it a little? There is an extraordinary interest in spiritualism at Genes30, New York, and a large number of converts are being mode, among them several educated and prominent men. A Springfield debating club.lws decided that the law under which the cows of Abby II. Smith, of Glastenbury, were sold ia illegal. That's settled now for specie payment and the Texas governors. The Pall Mall Gazette has invented a patent baby-washer, where you slide the be grimed and molasses-coated infant in at one orifice and take it out cleaned, fed and spanked at the other. It will go on the patent office files with the Bogardus kicker and the cast iron tom-cat. Mr. W. W. Sorrs, treasurer of a Concord, N. H., savings bank, who stole ?35,00O from that institution, is thus spoken of by a local paper: "In attendance upon his duties he was prompt, unwearied and diligent. In social life hla deportment was correct, and his character unblemished. Ha had not, to appearance, a single extravagant habit." No? Of the many brothers and sisters of the late dowager, Empress Elizabeth, of Prussia, Prince Charles, ot Bavaria, and the Quen Dowager of Saxony are alone left. Queen Elizabeth was the daughter of Maximilian I. of Bavaria, the sister of Ludwig I., the patron of art, the aunt of Maximillian II., the protector cf science, and the great aunt of Ludwig II., the present royal champion of Richard Wagner's music. An honest Englishman, owner of Camden house, Cbiselhurst, in 1S70 offered tho Imperial family a refuge. He thought, as did mp.ny others, that the term of their exile would be brief. The Imperial family, however, rsmain there, and in' three years have made the land adjoining Camden House, of fabulous value. Cbiselhurst- has become fashionable and its owner is very rich. Generosity, as well as honesty, is a very good policy. The Grand Duke Alexis has devoted one volume of his book of travel around the world to the United States. "The Örand Duke can not praise too highly American hotels. American fare, he thinks, however, too rich. 'There Is at their tables,' he exclaims naively, 'always too much of a good thing. I asked for the peculiar dishes of America, and at the hotel they could not give me any. Their cooks were Italian and French; The landlord shrugged hia shoulders , when I asked him about it. Out west, however, my desires were at once gratified. I dined one day on baked pork and beans, a very palatable dish, which would certainly bear transplanting to Russia. The lony of Natal, on the southeast coast of Africa, Is not by virtue of its isolation free from car king cares. Bishop Calenso has beoon e the utterer of heresies, and a Zulu chieftain named Langalibalele is in open revolt. It appears that some two months ago ebout two thousand men .of Langalibalele's tribe returned from the diamond fields well armed with guns, which they refused to register according to colonial law. Tho government insisted upon the law being respeoted, and as, after .a long time had been lost in negotiations, Langalibalele showed no syruptens of compl-vins with the demand, the troops and volunteers ; were called out and forwavded to the front.

A skirmi&h subsequently took place. In which three men were killed, including the colonial secretarj 'a son. ' They really make diamonds Inrari3 which are said to be a very near approach to reality. Here is the process: First, it Is necessary to dissolve charcoal. Then follow processes requiring crystalization a mingling of pure water, a little carbonate ot sulphur, and certain proportions 6f liquefied pbosporus. Still all this may not yield a thoroughly deceptive diamond. Another composition is made from el Ivor Baad, very pure potash, minium calcined borax, and a form of arssnlc,varied occasionally by a mixture of strass a "'tnix ture lor which au equivalent is paste; ind which represents transparent pebbles , burnt to powder, white lead,' and other similar materials. Sometimes rock crystal Is used, with borax acid from Italy, and ' nitrate ot potash. Of these materials is composed the false diamond, which figures so alluringly ia lb ahop Windows cf Palais RoaL . ': '- ;'. '

.'" f ' , THE FINANCES. SPEEqn DELIVERED BY THE HOST. JOIIN SHERMAN, OF OHIO, IN THE SENATE OF THE UNITED STATES, ON FRIDAY, JANUARY 1G. The' consideration of the resolution reported by the finance committee, was resumed, and Mr. Sherman addressed the senate. He argued that specie was the only true standard of value, and no other could be established. Bills of exchange, drafts and promlsory notes were nsed in settlement in commercial cities, as specie was so heavy for transportation.. In England where the specie standard value ia zealously maintained, only 2 per cent of commercial settlement are in specie. Great Britain and France have recognized the importance of maintaining their paper at specie value, and performed it, while the United States recognized this duty and refused to perform it. The only reason why the national banks had not Daid their notes in coin was because the United States did not so redeem, its paper. If the United States was out of the way with its depreciated paper money, the national banks would have to redeem their notes in gold. Congress is bound both by public faith and good policy to bring our currency to a specie standard. He read from the act of congress to strengthen the public credit, and said the United States by it gave a pledge to redeem these not6s in coin. Without referring to the decisions of the supreme court, he rested his argument on that pledge alone. That pledge was to redeem these notes at the earliest practicable period in coin. How have we redeemed that promise? Congress made thtfpromise in response to the public voice, and I say to you with sorrow that congress hasdone no single act the tendency ot which is to advance our paper to a gold standard. Four years have pa-sed away since then and a dollar In greenbacks is worth no more than it was in March, IS70. Thes9 were facts, although it might be painmi to discuss them. The congress of the United States had done no act, the tendency of which would lead one to suppose that their promise vaa to be redoe rued. Four hundred millions of the public debt had been paid, a debt not yot dao, and net a cingle dollar of the debt due had been paid. We wero liviug now in daily violation of the pledge made by congress, and had actually added to our currency since the act of lSGi. On June 30, 1SG0, the leeal tenders outstanding amounted to $356.000,000; on the 1st of January last, they amounted to &17S,481,339, or an increase in this form of security of ?22,4S1.339. The fractional currency, which in 1S69 amounted to $27,508 2S, now amounted to $4S,554,792, being an'increase over $21,000,000; and again the national bank circulation had been increased from $209,789,000 to 339,SS1,000. making a total increase of currency of over ?S2.0G0.OOO. He argued that it had been practicable during the last lour years to advance our notes to specie value; If not, when would it be. Should the redemption ot the pledge be postponed till the public deot be paid, one-tenth of the amount of money which had been used to pay the public debt not due, would have brought the countrj to specie payment. This thing of postponing the fulfillment of a promise could not be loncer maintained with a view of reducing the public debt. If we postpone redemption in order to pay the public debt, it WIIX BE MANY LONO YEARS Before the consummation, most devoutly to be wished, can be reached. If inflationists wanted $100,000,000 more now; how long long would it be before they wanted another 1100,000.000? Men would always be In debt, and always demanding an increase of currency. Where would it end? Just where our ancestors stopped at the close of the revolution. He regarded it as the crowning achievement that thegovernment just enter

ing at the close of the war If it pay all its obligations. The present is the time to stop and bring our currency to a gold standard. Every bond or note of government had been issued upon a sacred pledge that the interest and principal should be paid in coin Had the provisions of the legal tender act been carried out, we would return to specie payment long ago. Many things had beon done in times of excitement and peril when the government was in danger, which it would not be proper to do now. He was willing to take his share of the responsibil ity of these acts. He reviewed the financial policy of the government since the war. and regretted the act of April, 1SGG, which depuveaine noiaers or our notes from converting them into interest bearing bonds at par. More evils had resulted from that act than from any other act of our financial system. If in the first session of congress, wnen Anarew jonnson was president, congress had passed a funding bill, all the evils which have grown out of our disordered currency would have passed away, but the country was excited then. The question of differences between the president ana congress, and the questions of civil war prevented any consideration of our finances. The act of A'pril 12, 'GJ, was passed after an hour's debate, and it conferred upon the sec retary or the treasury powers never conferred upon anyone man before.. He next spoke of the reissuing of the legal tender reserve, and said he thought the spirit of tt act of congress was against the reissue thereof. . Mr. Boutwell said it had been obsolutely necessary during his administration, as well as during that ot his successor, to draw on his reserve to maintain the public credit. The attorney general had given an opinion as to the secretary having the right to do so. Mr. Sherman said be didn't blame the sec retary ol the treasury, bnt he thought it would have been better for congress to have taken action that would not have permitted the reissue of that fund. He reviewed the plans proposed for a return to f pecie pay ment, ana saia no aouot tne most certain way to accomplish that end was by retiring the notes, but the trouble would he that the policy of contraction would be so severe that the people could not stand it. The plan which he favored most was by taking some bond bf the united State, which In ordinary times is . shown to be worth par in gold, and authorize . the conversion ot all notes Into this kind ' of bond He did not intend to commit himself to any plan, as he had no private opinion on the subject to be argued, but he would review some of the benefits which the latter presented. It had been said that . notes under such a plan would flow into the treasury too heavily not that he thought that oblfclion a light one, as the government could use these notes in the redemption of our 6 pr cent bonds. Every dollar of the 5 20 bonds are new due and payable at tho . TItEASCRY IN COIN, And by redeeming them as he proposed, it would be more advantageous than tne operation now going on, of funding them, which was being done at the expense of two per cent to the government. Of the many objections made to returning to specie payments, he thought the only one well taken was that the resumption would be burdensome to the debtor class. Therefore it would be ueccssary to take the steps carefully and slowly. He desind to see tht, return gradual, but thought now the best time to commence as the panic had removed much of thiscauso. Feople are now in debt less than ever before. Referring to the national banking system be said he was not s j much of a national bank man. He would like to see but one system of circulation in this country, and that issued by the government, convertible an the; will vf the holder into gold. He thought our national bank system a good one, to good that uo one who reflected a moment could bo willing to go back to the

old system. Another objection was urged that the resumption of specie payments would contract currency, but he believed that people were beginning to understand this question of contraction. As the return to specie payments went on, currency contracted, the purchasing power of the greenback dollar would increase, and soon buy as much as a gold one. There was only one thing necessary to make our money equal to the best in the world and that was to make it equal to what it promises to pay. Its purchasable power will then enter into the markets of the world, like Bankof Kngland notes, purchasing anything. There had been much talk about "the want of a currency; the area of our country as compared with that of England and France, etc., demanding more. It was not tho area and population which demanded currency, but the business, induitrv and productive enterprise. He reviewed at some length the history of the Bank of England and the laws which po-erned it and said it could not 1-nsue a dollar above the amount fecured by the deposits of government security, or gold on hand, yet in this country we had issued twenty-six million dollars more than was allowed. One of the effects of a depreciated currency is to drive coin out of currency. Therefore.no considerable amount of gold could be kept iu currency, unless hoarded in the treasury. We have repudiated tha standard value and set np a false one. When the cry of more money is made, let it be more good money, and with the return to specie we will have more good money than any nation In the world. Take the aggregate of our currency now, about seven hundred and seventy -two million dollars, and divide it among our population and it will be been that we have more money fr every man, woman and child than any country in the world. He thought the plan of the gentleman from Michigan, (Mr. Ferry) to issue $100,000,000 a bad one, and appealed te that gentleman Id .täte in candor and sincerity if he did not thin k it would depreciate our currency more. In the days of the rebellion, when the govn nment was in danger, people from all over theland gave their means to help save th? government, and ro help t::n God he would never viol&to his faith pledged to them. Mon?y is easier in New York than it has been for vears to persons in business. He didn't think the panic a currency panic, but that it was caused by unproductive investments; neither was it a bank panic, as only one or two national bauks failed, and in each instance it was caused by a violation ot law. He had been many years in congress during peace and war, and for one he wanted to see the crowning triumph of tha nation, the declaration that its promise are good, and then its wealth would increase.

AMONG THE SCHOOLS. . A WEEK IN PIKE TOWNSHIP A GOOD RHPORT EDUCATIONAL ENTHUSIASM RURAL REFINEMENTS BETTER DAYS COMING. , From an Occasional Correspondent or tfce (VntlneUI Indianapolis, Jan. IG, 1874. I have just completed a hard week's work in Pike township, which township is situated in the northwest corner of the county. The nearest point is just four miles fiom the renter of the city, and its remotest corner is 13 miles away. I have been in all the neighborhoods end have taken careful note of many interesting matters outside of the schools, though, of course, my business was mostly with the educational circles. Last Friday evening I met a large audience in the Lutheran church at Augusta station and had the most respectful attention to a lecture on the "School Teacher." A little girl some thirteeen years old presided at the organ, and the people rendered several pieces of music which wouM have reflected credit upon the average citjraudience. They listened with intelligence, and after the lecture several of the citizens made pointed and sensible remarks, hoping to see the day when the fcchool teacher may feel justified in preparing himself lor teaching in tho country as a profession. On Saturday, pursuant to a call ol the trustee, Mr. Coble, the teachers of the township met for institute work at the school house in Old Augusta. The forenoon was taken up by Mr. Rinehart and his pupila,who pursued their regular school program, while the other teachers made notes for discussion of his plans in the afternoon. The bouse was filled with visitors and great interest prevailed throughout. If there be those who fancy that a country school knows nothing, they may disabuse their minds by vlsKiug Augusta, and observing Mr. Riuehart's work. And, for that matter, the experiment might be tried in a dozen of tho" Pike township schools. Tho teachers are awake to their calling. Several of them have had instructions in the State Normal school. All of them read the current educational literature. Most them are devoted to their work for the work's sake. The fashion in Pike is to take great BASKETS FULL OF OOOD THINGS, And have a common dinner in tbe school house, and the good ladies are cd. ".ted to perfection iu the art of spreading tbe good things out. After dinner we had music, vocal and instrumental, and many a social word of cheer, and then proceeded to tbe work of tho afternoon. Tbe criticisms showed a keenness of observation rarely seen, and Mr. Rinehart, the teacher, presented a paper on "proles&ional excellence," which was in itself "excellent.' On Tuesday following. I visited the school at Rural Aca- -demy (Traders Point), under charge of B. F. Boyer, assisted by Miss Mary Julien. This school enrolls near 8J scholars and is in a flourishing condition. A lectue tor the evenirg was announced at four o'clock, and before seven tbe house was filled with listeners. The singin was abundant and good, and the attention for an hour and a half was unbroken. Even the little boys and girls listened, and not one of them went to sleep. The subject was the county plan, and many of the staunch citizens of the place followed with exhortations . ' to one another to be true to their highest interests "intellectual cultnre." Thefchools

of Mrs. Wilson and Lurher 3vic were visited on Wednesday, and at night I spoke again to a good audience in Bethel cburch, subject, "A plea for schools." Do tney know anything? They have Organs, pianos, flutes, pictures, books, newspapers, light, civil'jation, Christianity everywhere. They can talk about system and order, too, and they pray for the coming uy oi nine or ten months' schools in the country. Tbe town ship enrolls about 5ß0 wholars at tho present time, and the lengtn oi toe scuooi tennis six months. There are 13 fcr ools, with lo teachers. Some ef the houses ar the poorest In the county. but f.e people are clamoring for improvements, aud not many years will pass till old Pike may Dreent tho best of facilities fur education. I expect to finish the tour of each township ... i - A 21 now as speedily as possiDie, iruui time to time report. The te.tenftv institute in Wayne township will be held on Saturday next at Mount Jackson, and Thomas Vatfr, Esq., will lecture to me people as ni;ht. w. i r. Governor DingW, of Main", having no contested election cases or chatp transportation miseries to talk aVt, tivce the tem perance question an airing in l is late mes sage. He says that the probibilrry law has accomplished great good; it has not only diminished liquor seHingand liquordrinking bul it has wrougut at nais-re in puuuc sen timent, more especially in rural districts. The l.wge villages and tTi ntu-a are an exception to this state ot thirg, but even in tne.se places prohibition uns tn-en emorcea with "more or lss th"rou;-met3, ana wita marked benincial rc-fcults.