The Sun.
London, England, 1869-02-01 00:00:00

ca. 7 znanagonicnt

(,f

Ti; is t

:

the r

,ri:;ade3 n each of tho to ::3 arc full,

tir
tl Ero•engine ala eve
471-,..-15-..",r.3 to .LIO.

r.
r.-ay

„ ..
N great, (-n bar,: been eery seri,n
tin; otlr,r day on the line between Tian; r
r,41,1 I,l.:inclulno Junction, rnn.s alon;
of tai river Conway.

rcv:sit

or suit'

TIAILV:AV ACII)ENT.— -A very
CUFiOII
v!;;Cd, if it; had oe.atrred in the

it

4
Ta'y earn, t;;
the rect nt
,he.avy 1a:1:
iltiqding of thz., river Foltl,',-nly waslio
y• qua:,tay cf the enr:!!wurk,
ur,lnitivrt..cd for no:nt., The tra:
:avinL; Lianrwt, at 1.13 r.17;.:t with au acc.dent ill c.n:,
q n uece, for before the driver could etop tin; train the
• :rave way, and the engine and tender wort
lar;;.: fissure% The driver and firemai,
ly cscal'ed with slight brui,-;:,3, as did also the fe%‘

nfrizt to IJlanrws!:

rrccipitr,.
f AtunatL:

.1 mi 7.,

‘vitl),

in the trlrn, t

excfption of a yora:
A ca`..0.4.: iluxt

tender was smashed, and a quantity of pigs, tliccp,

A correspondent writes that Mr. Ripley, IN ho was
unseated by Baron Martin on Friday afternoon,
meets with a good deal of sympathy in Bradford.
lie began the election campaign certainly not as a
popular man, but progressed rapidly in favour, and
like the late member, Mr. M. AV. Thompson, owed a
great deal of his popularity to the ladies, who have
NC t!rinly esToused his ca.r.e. \Viten the decision
17'.S known a 1..rg0 throng gathered round the court,
and loud cheers were raised by the frientis of Messrs.
Forster and Miall. Mr. Forster :Init Mr. Ripley
were both present, and his lordship's language
crested a profouni impression on the auditory, as
he denounced in strong, emphatic, and uninistlicc-
able language the practices pursued by Mr. Ripley's
agents. -`,/r. Forster w.:a loudly cheered, as also was
Mr. Ripley, when he is % the court. The l.Ltc mem-
bc....•'s supporters are already on the a'ert, and a pre-
liuiinaty meeting was held on Saturday evening in
order to commence another electioneering ca,mplig,n.

TUE REPRESENTATION CIS NORWICH.

The hint of disfranchisement thrown out by Baron
'Mart- rec.nt inquiry at Norwich scorns to
Irwe 1y.,1 iLseffect in deterring candidat;‘s fr COlflilig
a Enrry. AN'c have alre:-.dy stated'
21r. I ,71v 1,1 W;!rner has ics!:ed an address in the
IMot-A st, 1)s e;!ndi(l;Wire do-s not please
ill srctions of the party, Lnd 'mutt, who had to
1 el.: the expense of prosecutin„; the 1.. e it:on alter hist
Sir Henry Stracey, has been invite'? to f;tAld rgain.
howaer, to have enough of eke-
tion(win;; Fir son:Ohne, for he declines, " for the
presat, :,t 'to olkr hi,use7.f. Mr. Milner
Gibson la;S been comn.uaicated with, but wht.ther
the light hon. gentleman will try lh s fortune at
Norwich or Manchester is not yet officially known.
Mr. L. Straeey, the son of the ltte member, is stated
to have chosen by the Conservatives for the
vacant seat. His address has not been issued.

ELECTION EXPENSES.

The accounts now bting published of the money
paid by the resnective asuirants to parliamentary
h :nours t7-n-otirthout the Vnited Hieglom are ex-
tremtly uninteresting) except to thecnthu-
poLtieian. In one or two :41,1 ,ted cases,
however, it is well worth while to study the
relative amounts paid by two candidates in the same
county or borongh. The comity of Edinburgh sup-
plies an instance. For some years the representation
was held by the Earl of nalkeith, who, as the eldcst
son of the largest landed proprietor in the county, the
I)nie of Bue.leuch, sat unopposed from 1853 till the
1 to general election. His continued indisposition
and consequent absence from his dutics in the
llouse of Commons led to an organlset.
oppcsition against his re-election. The LiberAs
chose as their champion Sir Alexander Gibror. Mait-
Hid, an 1 after a spirited contest the noble earl was
defeated by a large majority. The cry was imme-
elitely ra:sed—and has since been re-canoe 1 at a
dinncr—that the delw's son was de7e:tted
simply through Sir (.; itnon Mailllnd's supporters
commencing, their op orations so much earlier.
One would suppose that the longer the con-
st. the greater the expense ; but the published
accounts contr.:diet this natn-e,ll conclusion. Sir
Gibson Maitlancl 4ie2nt wsih's opponent's
electioneering expinscs amounted to £4,177, or more
than fear times as innelf. As the lAter polled only
005 votes, it is clear that the average sum he ex-
pended on each was t 5. On the ether hand, the Liberal
polled 1,140, sheaving that his suppertcrs cost him
£l, being one-fifth as much. We believe that the
n31:10 earl has to pay dearer (in proportion) for his
whistle than any other candidate in the recent
con test.

T' .1: LATE EILNEST
renry, ivho contested Kinchester nt
the gener. 1 as:ct.i,,e, in oppositicm t th'• ,slim of
the •-lrit.ted Liber..l Party," :-.1111. ;7,.8 defeated 'ill
colnimny with Mr. E-rnest Floncs, has nobly
adminticn liis late opp.i.ient. -I\-r:t:::g front Irel•nd •to Afair...:hester, e
S,ys ,• Whatever differences my conscicn-
tiously ar-se in political opinions, they` m-y, happily,
c,laitrrdted in sympathy tow:ir,ls a lire .ved widow
and f.:mily, and be forgotten, and even regretted, at
the 3.0,0 or the grave. Should a private cr other
clilperiptvien fu• the NV VICAV an:l Eimily of
the late Mr. .To'icts I,l`2l`:e t twee hit+)
the hands of the treszirer.tit me, with or
w:th, nt -my name. ThLs :is a small share of sym-
LI. let me ?mow wh i 3 proposal to be done
s-t..71y • • v•! The funeral t
rti.ce at M s

T.:'A 1. Oi' OVEUEN.), GURNEY, AND CO

Ir 2 generally adrnatcd that the Lord Chief
Justice did right when he ganited the api4ietion of
Serjeant Parry to remo7e the trial of the directors 'n
V.+o iii fate l Orerend. Ciumey, and Co. from the
,1(1
I ;aley to Westminster. The+p7ejudices of a connw
jury at the Central Criminal Court against
what is considered " COmmen.3i4l irmrorality " arc
known, and it is thcrefor. s ttisfactory that s-7ch
a cause cfli,bre will be trial Ltfore n clear-headed
lawyer like Sir Alexander Cochleirn kind a special
jt;ry. Besides, it will gixe the learned Chief
justice an opportunity of displaying his match-
leas superiorty in smnining up r::1d dealing
with one of the most inti icate cases of modern tmes.
As in the trial of Strahan, Paul, and Bates, the
*r;_;wn will undertake the prosczuton, who—sap-
)oshag the Liberals arc in power at the time—will be
l'epresentcd by the learned members for Plymouth
Exeter. En passemt, it is stated by a
onflon ccntexporary as vAnewhat reniark -
.I,le, that within the elcr,-en years in IV
John Henry Gurney represented King's Lynn,
from 1854 to 1805, he sat upon time Liberal benches
of the House of Commons with both the judge who
is to preside,
and Lord Mayor Lawrence, the com-
mitting magistrate.

MO more lcttcrs appear in the Tin:es conceitmg
the charge brought against the directors. Nr.
Charles John Mare, who was unseated for Plymouth
in 1853. states that his connection with Millwall and

Thomas W. Morsman, " priest in the ancient
diocese of Lincoln"—the same Anglican clergyman
who a short time ago er:pressed his b:dief in
the near approach of the good time when the
English Church would submit itself to the Holy See
—is very indignant that Mr. Ffoull.:es should have
written against his own Church, and r.shs how he can
cousAcntiously remain in it ; to which that gentle-
man might well reply with a tic pope. The
Register is also very angry because the eburch
.Neles has had the " cool impudence " to
speak of the Roman Church as " that new
communion created in 1851." " That we arc not of
the Church of Laud is perfectly true (says the
Register), and God be praised for that mercy: but to
say that Anguttine cr Anselm would, if they re-
visited the ez.rth, belong to that hoteli-botch e7.l:ed
the Church of England, is about the greAcst
absurdity ever uttered off the boards of a the,.tm
Fancy St. Argustine an Anglican bishop, with a wife
and some fast daughters; or imagine St. Anzcim
paying t he quarterly bill for his womeilliind at _;wann
and Edga:fs. And might we ask, if we poor people of
the Poninn Obedience' belong to a new commu-
nion' in In d -gland, to what did the race of men who
for three hundred years braved the anger of the
Anglicm Church as by law established in these realms
bclon?,•*:" Finally, a favourite correspondent of the
s:-.lllCinurrnl wrns the Ritualists that every time
thy offer up the mars they desecrate the Messed
iteraintnt, incur the penalty tf Korah and his
and " are dawning souls • daily." Strife
Le ,
I:3l.lnryl hanai:idrs,n
hwtitcr
Zl(7lBiii recull:sacist• le1(11(11;Ymi-cvlhIc,rbee tar- lcde n°
Sh• 11 we never be at rest until we reach the Lad
" where beyond thcse voices Clem is peace :"

T1:11 UNNY E 01.717,

- -
While we in the far Noith are sitting, with op:n
Windo-,, a and extinguished tires, our friends who live
ta' en their anna, I winter flight from the dreaded
English winter to the balmy and sunny South are
suffering the aaonies of hard frosts and bitter blasts,
without any of the solaces which an English home
offers. A letter from :Naples, written on Jan. 23, says:
"It has been snowing here nearly- all clay. The
plants around the fount tins are covered with thick-
r:bbed ice, and the Litter cast wind is as piercing, as
I ever felt it in London. The inhabitants and °the
visitors are alike bewildered; the former declare that
they have never &len cr felt similar weather, and the
latter w,i2.11 themsell-es safe at home. At the hotels
great coats and sealskin cloaks arc worn at the table
(170 e, as things are collie to such a pi, am that appear-
ances must be s criticed to comfort. The streets aro
almost deserted, and the few persons who venture out
of doors appear to be enduring agonies from the cold
to whi.di they are so unused. The Neapolit3ns
attempt to console us by assuring us that this state of
things cannot last many days, and that an early
spring awaits us. We live in hope."

FOREIGN NOTES.

Tbe Times correspondent gives silre particulars relative
to the murder at Burgos. The decree of the Minister of
Public InAruction was, as before mentioned, intended to
be secret, hut it was impossible to prevent the contents
of a circular which was achlreEsed to seine hundreds of
persons from leaking °tit. The clerical papers were soon
able to raise the alarm, and inform their readers that
the secret object; of the circular was " the spoliation
of the Church." At Burgos some rumours of that nature
were already in circulation among the people, and a certain
stir was perceptible in the most crowded quarters of the
city on Sunday. On the following morning, however, the
Governor went to the cathedral, and was admitted without
opposition. The door was closed after him, and a picket of
Civil Guards posted at the entrance. Soon after the voice of
the archbishop was heard to cry for help, and one of
the bells from the steeple sounded the alarm. The mob,
apparently at that signal, went round the building, and
forced a way both into the church and the cloister. The
cries of the multitude were, "Death to the Governor !"
" Fire the United Church of Burgos !" As the Governor
wa.siEsuing from the door of the church nn hich led into the
cloister,' he asked what the people v. anted ; Lot these
c7osed upon him, and nn the very ski s of the threshold
pierced him with V. eir dag,gers. He fell ;he was seen to strife
to rise, Lut was soon again overpowered and prostrated.
The murderers then tore his clothes from him, struggled
for the possession of those bloody tatters as trophies, and
cut even the lin:bs to pieces, " like famished wolves."
They then threw a red scarf round the mangled body,
dragged it down the steps, and through the cloister, to
the square before the cathedral, where they were fallen
upon Ly the public force which dispersed them.

Tito Papal Nuncio was at a friendly party at the
American iklini,,tur's when the news ariv,d at Madrid,
aril gruit care bad to he taken hat he sho-uld fail into the
hands of the populace. The entire diplomatic body at.
Madrid has declared that if any harm befalls the Nuncio
they will leave Madrid.
The Etend ,rd has received information to the effect that
the canditlat:lre of Duke of Aosta is suppoi ted by
nearly two-thirds of the -members of the Cortes.

TERZ.Ey AND GREECE.
111. Walewshi arrived at Athens on Thursday morning.
It is announced that the 13ulgar:s Cabinet has sent
in its resignation, so that the French envoy will have
arrived in the midst of a Ministerial crisis—a c:reurnstanee
favourable neither to prompt nor prudent resolutions. The
very fact of this resignation snificiently proves that King
George is himself disposed to a conciliat, ry policy, but he
is a constitutional monarch, and can carry out Ids views
only by means of a Ministry which will support
The question is whether he will, in the present
state of public opinion in Greece, be able to
form a Cabinet which will accept a peace po!:cy. 'The
.Indf'pfnclance Eflge bel;eves that the Jiulgaris Ministry
has resigned only under the conviction that it will be
impossible to replace it, and that the last hope of peace
will thus vanish. In diplomatic circles, says the same
journal, it is not expected that Greece will return either a
positive refusal or a full acceptance. The national vanity
will be appeased by certain reservations which may
possibly be dangerous. The reply of Greece, in short, will
be an evasion.

Whatever may be the merits of the bill intro-
duced into the Federal House of Representatives
on the. 12th inst. by General BUTLER, we think
there can be but one opiuien of the ability with
which he maintained his notion-of a sound currency,
which may be summed up iu two words—"inconver-
tible paper." It may be said that the United States
his that now; General BUTLER answers " No ;"
the Government has one currency for the people
and two for itself ; one of which he sti ikes at, and
that-bee—gold. To financiers who hold to the
Old World idea, that currency to be sound must
be metaliic, or raper convertible at pleasure into
metal, the arguments of General BUTLER will give
a shock. lie says the Republic has got rid of every
vestige of the monarchies and elaveries of the Old
\\Todd save one, and that one the power by which
the masses of all natiees have always beau enslaved,
cancel numey. The first despots hit upon the
device of impressing their image and superscription
upon metal, which they arbitrarily mada a measure
of value, and the equivalent for which the property
of their sul jects must be exchanged. Throughout
les sptecil rues t' is idea that the most powerful
=gent in the hands of desoots is coined money.
_belying it down that -a currency should be uni-
folio sound, c' eT, stable, end elastic, he goes
on to show, after dsfinie g each, that in none
does a metal equal a paper currency. The pro-
posals to return to specie payment are met and an-
swered. " Ono says, The way to resume specie
payments is to resume.' Suppose the physician
should say to the sick man, The way not to be
sick is to be well,' might not the patient ask his
doctor, How our I to get well ? So, a few years ago,
ODE may remember that the way proposed for the
Union armies to get to Richmond was ' On to Rich-
mond;' and I trust I may not be considered as
malicious in calling to mind that our armies found
Fs me difficulties in carrying out that suggestion,
which resulted in such disaster, that it was hoped
that those who blindly advocated it would never
again dogmatise upon any subjeet•the difficulties of
which they neither appreciated nor understood."
He then takes up Mr. M'Cursoopn's plan, and
shows that by no Act of Congress can $100,000,000
be made to pay at par a debt of $700,000,000. Of
Senator MORTON'S scheme, he observes, "Another
learned, able, and intelligent gentleman, for whom
we have the highest regard, in a speech of great
power, supports a bill embodying a plan for the
relief of our financial difficulties, which would be
P were it not int,ossiMe." is I4s argu-
ment aoainet the hoardieg which the Senator pro-
posed to enable the Treasury, within a specified
time, and the National Banks to return to specie
Payment t---" Upon the beet authorities there are
only about
$1,500,000,000 of specie currency in
circulation in all the nations where our bonds have
bean or will be taken as-an investment, or, indeed,
in the civilised world. If we should succeed in lock-
ing up $330,000,000 of that, or 20 per cant. of the
who's currency of the world, sl.ould we not make
what in technical phrases is known as corner' on
the rest cf mankind; hi Coi4arison With wh;ch the
late peoferMance in that line EI Raaroad
and New York bankers woald sink into limited
insiguificatce? Again, suppose by this ingenious
and novel process of borrowing we were to return
to Aate of solvency'—to usa the phrase of those
who insist that our legal-teaders are depreciated,
faired paper,' becanse not paid on detnaud—i.e.,
rtturu to specie payments, to the state of currency
before the war, could that conditiou be main-
tained ? It will be remembered that before the
war the Government received all its dues and
paid all its expenditures in gold and silver only,
amounting to from sixty to seventy millions
yearly received and paid out, and there were in
the country, as is estimated, some two hundred
to twosi v
ehundred
o
fiftymillions in specie, ex-
uhoarded, although in 1860
exf what
and
was
there were but $87,000,000 in the banks." He
thus concludes this portion of his address—There is
butw eo
inneuisiltair
wait
the superiority of a paper currency, the faults of
the system now iu force, the errors in the schemes
for a return to specie PaYiLent, and the unadvisa-
bility of such a return,. even if practicable, Gsneral
BUTLER proceeds to give his own plat :—" Observ-
ing that the amount of Legal-Tender notes now
sa
of the taxes
330,000,()00
—are very nearly e.l
issued by the Gol%;:ea tae
amountent-Y
and duties to ba necessarily colt acted by the Go-
vernment for a series of years to meet our expen-
ditures—at least the variation is not material for
illy aurpoae—l propose that, retiring the present
Legal Tenders without shock to the business of the
country iu the manner hereafter to be explained,
;5),040,400, o`
not less than one dolor, of certilieatea of value, of
c
the Go,ernmeoit shall issue an amount equal to its
taxes,
onensiaeyn n3ol)'
which shall be lawful money and legal tender for al:
debts, public and private, which by the law creat-
ing them are not made payable in coin, and shall be
receia able for all taxes, duties, and imposts of every
kind whatsoever, to be reissued at pleasure under.
the conditions hereafter set forth or in payment of
the debts of the United Statei, and which shall be
received for all public loans male to the United
States. It will be convenient here to explain the
changes sugge.ted- in this err ificate of value from
the art sent Legal-Tender note. I propose that the
paper money of the Goverbment shall be a " certi-
fLette," wit h appropriate vignettes, to prevent
counterfeiting,
in form like bank notes, stating its
value only upon its face, with the provisions of the
.
law crewing it, instead of as now a note promising
to pay a certain sum at the Treasury of the United
Staten, which is by
law to be paid only in another
like it, so that no s epic' person hereafter, in order
to depreciate the currency and have an opportunity
to declare it " failed paper," shall present it for pay-
ment to the Treasurer of the United Sates, ex-
pecting it to -be redeemed in any other manner
-than is provided by law and stated upon its face.
He went on to prove that the Old World faith in the
precious metals was a prejudice and superstition
in the maeses, and a weapon of tyranny in the
rulers, productive of most injurious effects, tracing
the history of coined money, to which he ascribed
all great panics. These panics he certainly made
the most of, attributing them exclusively to a
metal basis, and as contrasts be followed the
career cf England through the crisis of the
struggle in Europe,. and the United States dur-
ing the war of the Retlellion. Both were saved
by p•per ; Loth went through these periods
with flying colours, and both experienced during
the tine a prosperity in marked contrast with the
periods of terrible panic and depression brought
about in times of peace by the slavish adherence to
a barbarous medium of exchange. Ile combated
the cerrent delusion that the Government was in-
debted to the patriotism of the bankers and cal i-
talists, who came forward to lend their gold in the
period of its utmost nests, which was exactly what
they did notdo ; indeed the banks boarded, in vio-
lation of law and their own plighted faith, so that
a dollar was not to be got from their vaults. it was

until they, or rather their dupes, are brought up by
a terrible experience. his most striking instance
was the ruinous effect of contraction and panics, and
the smooth eas=y flow of affairs during the periods
of rampant paper. Wit COIL BUTLER. suppose that
there would be no panics but for specie ? Ts he not
an' ire that they eventuate from a quality inherent
in human 'nature, and the best and most effectual
check is coined money, while the means of inflation
is invariably paper? It matters not what may be
the currency, periods of speculation and of undue
values will occur, and periods of depression and de-
preciated values will supervene. Nor will the pre-
vailing tendency be checked for want of a medium
so long as man can write and there are pens and
paper. "Man being reasonable must get drunk,"
foolish is perhaps the word BYRON ought to have
used, though must is true, for there are more kinds
of intoxication than that caused by alcohol ; and
in all, the reaction is unpleasant, but the joy and
the grief, the hilarity and the gloom, come on in
the individual ; in fits resembling in the community
the sanguine periods of speculation, alternating
with those of collapse. General BUTLER talks of a
currency based on the debt of a nation ;—a very
strange foundation for a currency ; and, notwith-
standing the force of his arguments, we prefer a
precious metal basis. We must correct one false
impression lie has endeavoured to create. In coin-
batting the general remark that the currency of
the United States ought to be.of the same value
as that of the world, he a&crts that it never
is, nor
.ever has. been the. - s;:amped coin
being merely valuer: as bullion, adding "As
an example, take Japan, where the standard
of value is silver. In 1857, our Consul at
Simoda, Mr. TOWNSEND -HARRIS, informed us that
gold was only as 1 to 31. in silver, while with us it
holds by law, as a part of our specie standard, the
rate of about 15i to 1 ; i. e., in Japan 31 ounces of
silver would purchase an ounce of gold, whila in
America it took 151 Ounces of silver to purchase an
ounce of gold. flow, then, can it be sAid that
gold is the standard of value of the world, when in
one country, which absorbs large amounts of our
specie, it 'stood depreciated in comparison with
silver at our straplard at nearly 80 per. cent." Were
we arguing against General BUTLER, this is the in-
stance we also would have quoted, and it is a sin-
gular proof how things may be put. Japan was a
country hermetically closed to the world, till sul-
denly opened about the time the Consul wrote,
when the discrepancy between Japanese values and
those of the rest of the world was ditcovered. Im-
mediately people in a position to do so, rushed to
Japan with silver to buy gold, and DENT'S house
being early in the field cleared a large sum. A
stringent regulation was passed to prevent any
exchange except through the Consuls and G)vern-
inent officers, for, by every device, the country was
being depleted of its geld, which rose rapidly in
value till the Government restrictions and the in-
creased cost put an end to the traffic. For a time
the disci piney adverte I to by the General in-
duced traders to fly at Japan, as a hawk flies at a
lark. Bat no one was told the consequence, the
fact only being adverted to, while it was not even
-explained that the relative value in Japan could
have been maintained only by ag *in severing all
connection with the outer world.

MONEY AND BUSINESS.

(Front the Springfield Republican, Jan. 16.)

With the. etc ption of Tuesday, when a derided strin-
gency was induced in the early part of the day, by reports
of and the combination to lock-up greenbacks, money ha
been easier during the week, under the largo disbursemen
for interest and dividends since the Ist. The amou:.t now
in the market is too large to give the bear cliques any
chance, for a while at least, until credits have become pee-
pertionately enlarged and prices distende•l to correspond
to the existing abunCenr•e of currency. We find the "huh"
interest accordingly in complete control of the market.
Every day increases the receipts of currency from the Vies
where the market has greatly ameliorated since the bank
statement, an•i collections aro more liberal and easy. Ship-
ments to the south continuo light for the season ; and the
large accumulations at New York aro st:mulating invest-
. ments, while the recent failures aro discouraging specula-
tions, and :confining commercial operations within safer
and more restricted bounds. As a con.equence we find
discounts slow and difficult for all but strictly prime
paper. The hostile propositions in Congress, looking
to a restr'ction of the national banks, and even a sup-
pression of their circulation, excite apprehension and
a7artn in hacking circles; and several of the New York
banks, notthly•the Bank of the Commonwealth, have ini-
tiated measueee to return to the State bank system. There
is no small amount of threatening as to what they will do
and won't do, should Congress iuterfero with their plea-
sure or their profits. Wo do not believe in persecuting
any interest ; but such threats from the national banks
are both misehievons and absurd. They can only provoke
the opponents of that system to extremities, and furnish
a degree of justification her' whatever Congress may see fit
to do with 1 he.franchises and privileges. The fact is, it
has been owing to the blindness and selfishness of the
I hanks' themselves with many honourable exceptions, of
course, which has caused those attacks, and which to-day
gives their er emies all the hold they have. The banks
have trade enormous profits out of suspension and infla-
tion. That is plain and incontestable, awl the whole body
of merchants and manufacturers know and feel it. No
one is disposed to quarrel with this, provided these
institutions show a willingness to take their fair share
of the burden of construction and resumption. If they
think that, after making profits for neatly five years with
which neither the mercantile nor ininufacturing interests
can begin to compere; and doing it without any risk, for
they have had a sure thing and failure his been practi-
cally impossible ; and doing it without being obliged to
stn dy either economy or efficiency, for no bank could do
butinese poorly enough in the past five years to fall of
eiuht per cent. dividends, tot to speak of reserved profits.
If ;hey think that: after such a feast of good things they
can la the overburdened industry of the country to
carry she load alone, while they go on clearing an average
of l( pnr cent. on their capital, they are very much mis-
taken; and when, instead of coming forward promptly, re-
cognis ing their obligations. ;led themselves proposing
measui •es of contribution, they begiu to bluster, and
threats n to go back under State laws and throw up their
charter 4 front the general Government, they are simply
giving melt demagogues as Butler a ten times stronger
hold upe i them. As to going hack to the State bank sys-
tem,
and discarding their national franchises, under which
they have :made so much money, just as soon as any ser-
vice is exac► ad of them in return, it cannot be done. Revo-
lutions.Co not —o backward. The results of the war have
been gent rally cigardet.l as settling it that several things,
that used to telong totPte control, belong now, by the ale-