New-York tribune., 1868-07-28

have something vital'ih order to have survived In
such vgor two hundred years. with the aid OF little
external appliance. An article Of popular interest de
voted to the Of the Bible in the Catholic Church,
points the restrictions and Limitations under which
the general perusa of the Scriptures Is encouraged in
that communion Other readable papers in this number
are review or Newinan's Poems" Memoirs OF Count
s6gur,"" Glimpses Of Tuscany" and "Anccdotical Me
moirs Of Emperor Nicholas l."
Lippincou has a rather feeble defense of the
custom Of Smoking" in reply the vehement diaribe
Of Mr. Parton; "Our Globe in 1868" presents summary
Of the results Of geographical exploration during the past
year. dwelling especially the discoveries OF the
man and French travellers in Africa a Nonths Holi.
day in Germany" a Wintry Night in Wintry Place 4"
"a NOcturnby Chopin pleasant records Of travel and
adventure, but without much substance The impOr
tan article in the number "On the Claims of the Bond
holders by Professor Amasa Walker has been already
referred TO and partly copied columns forci
bic presentation Of the Of the question Professor
Walker treats the subject from independent point Of
view, and develops several striking aspects that
have heretofore attracted but little attention.
He maintains that the OF justice and honor
in the people of the United States, 10 say nothing Of
their intense national pride Is too strong 20 permit them
deliberately and Intentionally 10 violate their national
pecuniay obligations but yet there is much danger that
the public creditors will be defrauded Of their Just
by the adoption OF financial measures inadvertently and
unintentOnally. which will be as fatal 10 the public
credit and far disastrous the general interests Of
the country than direct and absolute repudiaon His
analysis Of the different classes OF public creditors is
made with great sagaciy and dsnctness aud presents
conclusive reply the assertion that they should be
paid greenbacks since they hat currency for the
securities. He shows the other hand. that by far the
greater part OF the holders paid In form other
gold equivalent for the currency they invested in
the national bonds The following Instances, among
Others clearly in point.
First let notice the soldier class for Of the poor
fellows, by wonderful economy and selfdenal, saved
small sums, which they almost uniformly invested
should remember enlisted at SIS per month For the
hrs year 0s6i his pay equal 10 gold for fe next
twelve months II was equal TO 81 80 the third year his
nominal wages were raised 20 SIC month hut D gold
they only amounted on an average TO $40 81 ia the fol-
lowing year us6f they equal 10 about 81 % Ia gold
and IN 1865 10 but ~ 75 yet II the soldier could any
thing he purchased Government bonds Under such cir
cumstances has he fair claim 10 be paid IN specie or
not.
Steo,idiU The officers Of ne army Jared even worse
relatively, than the common soldier: for their cOmpensa
zion, Including allowances diminished rather than
increased during the They got but 81 per cent OF
their nominal pay In 1897 but &C per in is3 I9t per
cent IN 1854 and co cent 1865 They promised
gold when they entered the service Their first pay
menn were actually made Id coin. subsequently they