davidaulloa/AmericanStories huggingface dataset:
, 1873-09-27

Tho prosont financial crisiB has brought out III
strong aud clear rcliof the sterling character Of
the workingmon Of this city. It ia not tho first
time that they havo boen put to tho test and
proved themselves manly, patient hopeful, or
dcrly. and law-abiding citzons. In other fuan-
cial criscs thoy have rosolutely withstood the
pressure, and shown that in Chicago there is no
disposition among them to aggrava.o troubles
by useless clamor or rash violence. The groat
fro WAS another notable test. It offered tomp-
tatton to violence and disorder but tue people
rocognizod the dangers OF the situation, and lent
their heartoat efforts to put tho city upon its foot
again. And now once moro they arc PROV
ing themselves equal to an emergency the ond
Of Which no ono can clearly foresoo. Thore Inns
not only been no disorder or violence, but tho
working people have manifested the olearost
disposition to aid tho bauks, especially the say-
ings banks, in which thoy arc most directly in.
torested. They have made no runs upon them,
aud havo not oven given the sixty days notice.
They have been calmer, stoadior, and less excit-
cd than tho mercantile classes. Whilo tho busi-
moss mon were drawing out their dopoeita, tho
working o1assos have kept cool aud dispassiou-
ato, and gone about their work In hopeful
spirit. Tho people are still In this temper,
still looking to tho botter.educatod classes to
solye tho probom, aud 1ending their moral aid
by doing nothing to aggrayato tho crisis,
although thia anancial pressure Is forcing many
Of them out OF employment upon which thoy
have to dopond for living. Such conduct as
thB is In glaring contrast to tho crowd that bo-
sIeged Home Of tue commercial banks yoatortay,
against whom there ought to hayo beon sixty
day rllo in readiness to be enforced. It il an
example they should read and profit by, and ono
for Which they should be thankful. The faith
and hope. tho courago aud camnoBs Of tho CON-
mon people III tho presonoo Of this dangor arc
tho most encouraging sigma TINT all will DO
we'll again. Tho atrong arms and atout l,carta
OF tho working poorc, opposed to tho fury OF
the time, n,ay yet carry us through tho storm
aud provo tho roal solution OF tho problom. The
saying is rlto ono. that great dangers brIpg out
tho roal character Of tho man, but 1t Ia truo,
and In Ohlcago 1t Inns moro than once tested tho
people and proved tlom puro motal. For their
courage and resolution, their determination to
abide by tho law and to commit no act which
shall increase the dangers Of tho limo, they
arc ontitlod to the highest credit, We have no
doubt that they will continue to realize
tho responsibility which rests upon them, and
will meet It like mon. The spcedy settlement OF
these difficulties largely rests NTH them. Pa-
, 1873-09-27
tho transaction Of buHlness, and II tho prevailing
rago continues business mlst como to n aiand-

tle Transaction Of baHiness, and II tho prevailing
rago continues business m,iat como to n Hantl-
ntill.
it with purpose. Our monoyod mon have
moro SERIOUS responsibility than thoy arc willing
to SEQ or acknowledge. 1hoy muat not carry
tlio Industrial c1aBsoB down to rnin II, their
hcadlong scramble for grcoubaclsH. s1ch n 70.
suit will roact upon tlIom in moro Ways tl,an
ono. These people must live, employment or
no employment. 1'hoy cannot bo permitted to
enffor from hunger wlon thoro iB plenty 10 ont
nor from cold when tlore iB p1ontY OF fuel. If
they aro furnished with no opportunity to worl
for thoir living, tho living must 10 given to
them. They will como buck On tho charity
and public taxes Of those who havo
money and business loft Tho roal difference
will DO that tue Bamo class Of men who now give
them employment wlcroon thoy 1.-Two must thon
gtvo them broad mud clothes and fuo without
tho return Of tito good services Of their Blnow
and skill. Tho suffering Of tho masses that will
be thrown out Of employment in caso Of gon-
oral suspension will DO serious enough even at
this. It will DO all tho moro 80 bocarHo 1t will
como upon thonl through no fault Of tLoir own.
It is this inevitable result Of q continuance Of
tho proaont Rensoless panic Which the people
should contemplate before all othors. It can bo
avortod now. Tho banks arc tho great fBcal
agencies of this country. Though not the pro-
polling powor, thoy arc tho Indispensable cog
wheel. Without which tho whole must stop. As q
class, thoy arc solvent. The legitimate banking
business Of the country was novor on 90 sound
o basis. Tho question OF tho hour is:
Will you sustain them, or will you forco them to
go down ? Their intoroBt and yours ia tho Bamo.
Their downfall is your downfall, bringing with It
an extent Of suffering which you have no right
to heap upon class Of pooplo who havo not
shared your wild and baseloBs apprehensions.
To throw tho industrial classos, or any conald-
erable portion Of them, out Of employment, Is
tho very tip-top and ac1ae Of inscnsato folly. It
ia tho diroct road to ruin, and It ia horrible TINT
no should DO frightened into 1t by IN tgnis tsus.
Wo say to the community now: Sustain tho
banks that are loft to you, Or tho currency you
arc boarding SO sordidly will DO worthless tho
progress OF the country will 10 checked md
you will be practically forced to divide what is
left to you, under tho forms Of taxation, with
those whom you will deprive of tho ouly moaua
they have OF earning their living.
, 1873-09-27
CRIME
The Postmaster Of Pittsburgh Arrested
ON q CllArgo or Dcfnlcntiun.

The Postmaster Of Pittsburgh Arrested
ON q Charge 0f Dcfuacntion.
Special UispatcA to TIN CAteago Tribune.
P1rrsnunau, Sept. 2e-The city ,vaa thrown into m
immense atao Of ecitemont this afternoon by tho a-
nouncemcnt that our Postmaster, John II. Stewart.
lad proved dcfaultor to large amount. little iu
veselgation proved tho rumor truo. For somo time
back the Gazette and other papers OF this city, as well
number Of prominent merchants, havo been
missing valuable lesters. Much complaint waH 1nndo
to the Postmaster, but he apparently could find no
remedy for tho evil, md tho nbaractionB continued
Finally tho papers interested and several
merchants sent complaints to Washington. The
authorea there detailed Special Agent L. II. pethor.
bridge to Investigate tho matter, mud 10 called to hs
aid specia Agent surretH, Of New York. They work.
ed up the together, md this morning Mr., pother-
bridge mHto nn information before Unel States
Commissioner Gamble, chRrg!ng john II. Stewart,
rosmaster, with esnhezzling from the United statea
Mr. Stewart waa plaecd III custody, and ad prcmi-
nary hearing before tho Commissioner, who held him
i'll tho of $50n00 for further hearing Col. J. II.
Stewart has been Postmaster OF this city fur five yeara
or more uo Is nun Tint welded considerable po-
tical influence, and served with distinction during
the late war. lilo WIS nlwayB regarded being up
right mnn. So fal known, he haa not been In my
apocuntionB tha would involve my amount Of money.
lie carries OIL In conjunction with Col Robert H. Pat
terson worry extensive livery business His bonds
men nre two of tho wcaltcst in tho county, and
amr!y responsible. Consequently, tho dovernment
will lose nothing by ha dedication. 1t Is rulored
that Stewart haa acknowledged HI, guilt, and that thu
defalcation Will amount to over $75 coo, incladug
money takon from letters alstructcd from the malls.
, 1873-09-27

In addition to tho humorous disrnai things
now prevailing, It seems that tue Western ploui-
potentiarios are noyor again to got an audience
with tho Emperor Of China. Although they
have ouco been received, tho result docs not
soom to satisfy any ono. Tho foreign popula-
tion Ia indignant because tho cdict granting the
interview roforrod to tho foreign powers, In
worry dorogatory Manner as inferior powers,
aud thoy insist that tho plonipotontiaries shall
not again subject themselves to suoh an indig-
nifty. On tho other lland, tho Chinese nniyer~
sally claim tint it tho plenipotoutiarios we're
rcaly received without performing the Kotow,
knock their heads on tho Aoor, aud doing other
Celestial gymnastics, then tic Emperor was dor
olict in his duty, and hc must never allow the
universal Chinese nation to be insalted again by
boing dragged down to tho level OF tho occiden-
talB In view of this double pressure, 1t ls OK
tremely doubtful whether tho plenipotenLarios
will erer again havo tho felicity Of looking upon
the pigsall of Ills 11a)osty, Tho Chinese dragon
ia evidently on tho rampage again.
, 1873-09-27

lettor itsolf concorns tho aame aub]oot, and
contains eomo rht,or novel vlowa, which will
command very general intoreat, coming from
such a source. Bho believes that prisons, as now
conducted, are actually n reward ratlor tllnn q
detorront from tho commission Of crime. IIor
remedy In caHca Of t1cft or forgery s, that tho
criminals shall DO compelled to work out and
repay tho prico of their tl1oft For crimos &C.
companlod by violence, ospooa1ly in oaaoa Of
violence to wolnon and children, she adviRoB tho
ffoc use Of lie whip,-a suggestion whiol, ono
would hard!y havo expected from lady Of ler
well-known tondernesB OF disposition. Tho
proposition to york out tho amount stolen, how
over, In novel one.
, 1873-09-27
TIME TO HALT,

No man can toll when, how, or whore panic
will atriko. Just now thoro ia a mania for
olutching groonback promises to pay. Tho
people arc boarding them as though tho crisjs
turned upon their possession. II thoy were 30
much gold, with an actual and recognized value
all over tho world, they might, perhaps, be re-
garded as tho last refuge, and the insane desire
to posaoss them aud lay them away for future
uso might be partially justified. When it ia
remembered, on the contrary. that they have no
intrinsic value, It Ia impossible to analyzo aud
understand the wild fury which may got render
them worthless. It ia time for the people to
pause long enough In their insensate rage to
consider where it will lead them, and how
they will escape the suffering thoy arc
bringing upon themselves. It is not tho
bankers, nor as rule, their depositors, who will
suffer most from the general suspension which
may be forced upon the country. Capitalists,
morchantB, manufacturers, moneyod mon, aud
institutions generally may sustain heavy lossos.
They may find themselves forced to sacrifice
their property. 1t may become necessary for
LA1IA W 4fV Aooo OAFo-o4fS1J* AA04A nAIALApA
vacations may bo ourtalled, and their trips to
Europe postponed. But this is not suffering.
These people may DO better ii not happier for
such change In their habits Of lifo. They arc
in no danger Of hearing their children cry Tor
bread or eooing those who arc dearost to them
shiycring with cold. But tho very retronch-
ments Which they will DO likely to make when
tho hard tmea come will iall crlshingly upon
those people who depend upon them for employ
meut. Whenovorth they economiza in their business
thoy cut of mon and women who hayo nothing
but their labor to look to for their support. It
is tho mechanics aud tho laboring people who
muHt autTor most from tho effects OF q panic
which they have dono nothing to prooIpitato.
Tho country Ia teoming with excollont crops,
which will be sold At low prices. Bread and
moat will bc cheap, Tho general conditions Of
prosperity will DO at hand. Aud yet with all
these adyantagea general suspension will
force men out OF employment. Tho iron mills
will porhnps atop work, aud then car faoto-
riea will follow, and 30 on. To hoard the our-
rency is to Withdraw tho recognized medium for
, 1873-09-27

Up to o'clock lust night, the receipts yester-
day of currency by express exceeded S75o,ooo,
ono-tbird Of which came from Boston. In ad-
dition to this, there wore eoveral persons reachod
Chicago yestorday to purchase grain, especially
barley, ut tho reduced prices; each Of those por-
Sons brought his currency with him. Drowera
aud distillors who can command tho money aro
making the bost Of tho market by cash pur-
chasos. It is probable that tho city contained
ono million Of dollars mora in currency last
night than it did in the morning.
, 1873-09-27

Tho Chicago Times says that tho inflammatory
announcement which it mado on Thursday, that
all the banks In this city had resolved to "closo
thoir places," was IN accident. If it wore IN
accident, it was ono ontailing enormous conse-
qucnccB, but in point Of fact it was not an acci-
deut. 1t Was reckless, inceudiary attempt to
crcate sensation, tho results Of which have
been 80 disastrous that tho sensation-monger
himself is frightened at his own work. Tho run
of the country banks oil the city banks WAS pre-
ripiated by it, md this led to tho run of tho city
depositors, who SAY tho money going away from
them in carpet-bags md hastoned to get their
share.
, 1873-09-27

In Is eaid tllat unlcss arrangements are made
for tho transportation of grain from tho Wost
direct to Boston, tho Cunard stoamers will have
to lonve that port without cargoeH. It would
seem to be moro rational for these steamers, il
they caunot get roturn cargoos at Boston, to
select somo othor port aB their American tor
minus. If Boston capital would expedite the
completion Of the St. Lawrence canals and tho
connection with Lnko Chamrlain, they could
have Western produce delivered in the heart OF
direct from Chicago.
, 1873-09-27
THE TFIT1X Of GOLD,

The people Of tho United States hare boen
worehiping tho "green goddess Of irredoom-
able paper" moro than ton years. Another
sovereign will aoon make his appearance and dis
pute tho supremacy. Tho popular dclusiou that
there never could be general suspension Oh a
grconback baeis, thcre being "nothing to suB-
pend on, has beon r1dely dispollod- Truo, the
suspension has not yet become genoral. but the
ingredients for 1t arc ut hand, and everybody Ia
now willing to admit that it might bo 80. Tic
virtue Of irrelcemablc paper to ayort panic has
vanished into thin mir.
Looking ut tho movement Of gold from foreign
countrios to the United states, "a movement
which cannot DO stopped oven if the Bank of
England should bo forced to suspend it is
not impossible that specie payment may bo
forced upon tho grconback-worshipera of this
country in spite Of themselves. What is TO bo
baais, 1t would strengthen tho banks, and tend
to reBtoro confidence and ayort the worst results
Of the crisis. II the ample resources Of the
Government had beon devoted to rclooming it's
paBt-duo paper in accordance with O SOLEMN
promise. instead Of buying up an indebtedness
having twenty years to run, this incoming gold,
together with tho stock already hore, and tho
production of our minos, amounting to 81 ,000,-
900 per week, would Boon ballast tho crazy ship
Of finance. But that has not been dono and
the question comes pressing upon uB, What
shall be dono with this gold? Foreigners OK
poet to buy our wheat with It, and buy it they
will. Already kilograms hayo boon received
hero from Canada inquiring at what price wheat
can be bought for coin. There is moth
ing TINT cannot bo had for gold in
times of panic. Gold coin or bullion will
dominoer over the Groenback at q terrible rato
in any controversy that may arise between them
respecting tho possession OF wheat, or pork, or
anything else undor the sun. Tho laws Of tho
United States and the decisions Of tho highest
tribunal recognize contracts made payable spocia-
cally in coin. 1t doea not strain our eyeBlght
to SEQ In tho near future trade starting up on
& gold baa'H, and "going it alono." It may DO
TINT the gold which is coming over will ut firat
be sold for greonbacks. but as it nc-
cumnlateH 1t will become too costly to
DO hoarded. Unless it il in circulation perform
ing it's natural Office, somebody muat loso the
interest on 1t. No great accumulation Gnu be
long hold idla. Nor eau 1t 60 out Of the country
so long as foreign exchange ia bolow par, as it
must bo for long time to come. There will be
powerful force ut work to drive this gold into
the channels Of business. It will not circu-
lato on all equa9ity with groenbackH, but
ut may circulate, nevertheless; aud, to
Whatever extent 1t moves, 1t will relieve
tho existing pressure. Whnt tho precise
result will DO VIC shall not attompt to predict,
but 1t will probably make bottorspeech in favor
OF specie payments tlan Boutwell, or Grant ever
made III favor Of taxing tho people ono hundred
millions por nnnum over and above the ncods Of
tho Government, in orlor to buy, at Il premium
bonds having fifteen or twenty years to run.
, 1873-09-27
POLITICAL,
pcoplo,s Party judicial Nominations
in ftfal}Gurn5n.

Ec0plc'a EAfAY 1nHlctnl Nom fnntiOuA
in Cnltf0rnin.
BAN FnANo1soo, gopt. 2o-T1lo action Of lin
Peoples Intopondcnt Convention at Bacramonto tn.t
night Ia regarded Of worry important h!Rnincanco.
Tho delegates from this city md aomo othcrs vero
nnlor to impression TINT tito timo Ind not then mr.
r3vc for the organization Of now party but Tho delo-
gates from all portions of lilo interior overwhelmingly
favor immediate aud loefave action In tint wny. our
delegates yielded ready asHont. Il. Van Gilt wan
elected prcadont Of tho Convention Tho dcicgacs.
nro representative men in fn accord with tho Benu
mcns Of the people Expressed III tho ato election.
San FnAsc1sco. Sent. 97.-Ino Independent, Con.
y9o a Ct u sss Et M tSo W
Court 1ie is Democrat, Md present Julgo OF the
themselves Into political body known the Peoples
ysanaca sH liz ekssa to 5 e
i,os, ;ass @ ;@s% II PSss ] sgs @ saa
x u" ali P'' dcd o5s S se'vea oen,raet
tho distribution Of 1ans and grants Of lau 10 rail-
rosa and other corporatio,ib orposo ali knIa OF a-
ssS fass opposs as s aHn &
solvent debts favof the cight-hoar law oppose CHI
ne1e @ @am9mfgsatlon I'M oppoae IN election to the Prcsi'
Tho 1ast resolution intoracs tho nolto stand taken
by Gov Booth In clalf Of popular rights agalnst the
s OF unacrupulous politicians and rall-
Tamatuous applause followed tho reading Of this
Tho Hsate Central Commitea was chosen and county
organizations recommended.
Aef tue members b.; 81 The conyeation
Booth. u reaponso to soFenado he addressed tho
'fsois-ciit1ens am glad 10 eco you att thankful
beyond tho power Of language TO express. If ever
thoro wa Increment wlltcl had It's inception spon-
taneoualy with tho reoro Themselves 1t Is this which
II
, 1873-09-27

The attendance ut tho Exposition Building
yesterday, during tho day and night, was very
good, though smaller than It would have boon
had not the present panic turned the thoughts
of 80 many to other things. The visitors from
tho country have not yet begun to arrive, since
it will bo q few days before the excursion tickets
will be issuod. Tho display iB steadily improv-
Ing and the vacant places rapidly filling up.
Tho mechanical part Of tho Exposition ia very
full, md contains number Of complicated and
interesting machines which arc in full operation.
, 1873-09-27

Tho most untoward event of tho ttwonty-fo four
hours is the failure aud closing Of five National
Danks Of this city. The Nalional Bnnks all over
the country have generally boen able to main
tain themselves thus far upon tho rulo adopted
by tho Now York banks. From Now York and
Boston thorc comos the ASSURANCE tint tho
banks are ablo to sustain themselves. In both
these citios, as elsewhere, tho banks arc ablo
to accommodate their dopoBitora with sufficient
currency to enable them to carry on their buai-
ness. The mercantile olaaacs do not seom to
have been thus far affected, and havo boen ablo to
meet all their obligations as they mntured. Do
posits arc still made In all tho banks. That
there has boen withdrawal Of currency for the
purpose Of boarding 1t in private safes is obvi-
ous but II the banks continue to meet the re-
quiromontB Of their customers few days longer,
most Of this hoardod currency will come forth.
We repeat that tho suspension Of tho five Ohica-
40 banks is tho most unfortunate event of tho
last twenty-four hours. Tho receipta Of
currency hore by express arc large. The
country must have tho broadstuffs and the pro-
visions which arc packed In our warehouses; and
atock-yarda, and to got thom tho money must bo
sent here. At this moment, tho most available
capital in the country iB grain and provisions.
Those Just now constitute the circulating wealth
Of the country.
Tie Importation Of gold, which began in
small sums Bhort time ago, continues,
and there are several millions now on
the way to this country. Tho Bunk of Eng
land has advanced It's rate Of discount to
10 per cont with view of checking tho flow
Of Hpecio. It is doubtful whether this device
Will avail, there being largo deficiency Of
broadstuffs in England aud France. Gold will
buy breadstuffs here cheaper than elsewhere !;
therefore, gold will come.
It ia to be admitted howoyor, that the contin-
ued maintenance Of the present condition of tho
banks ia doubtful. Tho various savings banks
Of tho country arc at work during the tiuo gain-
ed by the requirement of notices to strengthen
themselves for the day Of settlement. They
arc, Of course, absorbing largo amount OF cur
roncy, which for the tmo is locked up.
This interferes with tho operations Of the
commercial banks, leaving them dependent on
tho forbearancs OF their depositors. That for
boarance las boen, as q general thing, very
marked, and this makes tho suspension of tho
five ban1a iii this city moro distinctiyo1y unfortu
nato. The Union National Bunk did very large
business on money belonging to banks and
bankers outside tho city, upon which interest
WAS paid. That kind Of business is moro diiil-
cult to manage in times Of stringenoy than any
other. Tho suspension of such business locks
up not only whatever money tho bank had of its
OWE, but cuts or tho means Of other banks and
bankers, thus extending its own unfortunate
plight to all its correspondents.
Generally, as We have said, the condition Of
affairs yesterday was unchanged, except by tho
closing of five Chicago banks. What to-day will
deyelop cannot bo foretold.
, 1873-09-27

Florence Nightingale, tho phlanthrop!at, who
has boon 10 long lost to tho public vIow, ia once
moro heard from IN q lottor which Bho has
writton from London to tho nov. DR., Z. @. Wines,
wLo hna 10 long boon identified with tho
movement to improve prison discipline. Tho
, 1873-09-27
TERMS or THE TRIBUNE.

TERMS or aunsontrr1oN fpArAnls IN ADVANCED.
Daily, ty ymail..."5f2.tll Sunday. ..s&.S2
ftl-Wcekly..s.... 0.U0 Neekly G+uO
rarta OF yoar at tho ratio.
To prevent dolay ani !snkos, ha snso nnd Rsa tost
on co address iii full, including State anil County,
lc,nttHncco .ny o ao utthor brdrhft e1pEoss, Po's
OItice o1dcY, ar tn registered iooss at nnr rlak.
rrnMB 70 CRY RtnHCnllsKit8.
Daily o1lscro sunday oxcnpod. 25 conts per weo!t.
Daily, doilsorod, bun&lny included. 70 conta pus week.
Addrcsp THE TRIBUNE COMPANY,
Corner Madison mud pearhorn.st+.. Chicago, ILL.,
, 1873-09-27
Ube Gb5taDp U2ibr1,lt.
Saturday Morning. September 27, 1878.
NOTICE TO ADVERTISERS.

Tho prcssure upon our columns Oh Sunday morning
is so great TINT aro compelled to request ndvcrsers
to send in their advertisements for TINT issue at rs
carly anhour poHsibe In ordor that theS may with
certainty secure the proper classification.
, 1873-09-27

The advance in the price Of gold yesterday
was probably caused By tho now admitted fact
Tint tho Government will DO required to issue
s20,O00,000 Of the so-called reserve groenbac1s,
to pay its current expenses. If tho revenues
should fall off considerably, it would be ncces-
sary to issue the whole s44, 100000, and this is
probably tho understanding Of tho street.
, 1873-09-27

Tho liquor question Ia ialoomng up In tho Sand
wlch 1slauls, and q fierce discussion IL going on
In the Hawaiian papers polativo to the distilla-
tion Of rum on tho plantations, which il
now taboood by law. Some of tho largest planta-
tlon.ownors have commenced an organized move-
rnent to got Tho Law reac'nded and obtain H.
conBo to manufacture, which tho press Of tho
islands Is vigorously opposing, OH tho ground
that 1t will result In tho destruction OF the native
yaco. Tho Hawaiian Gazette slowa that whom
rum dIBtillatiou was FREQ tho natiyo race timin-
ishol $4,000 In eighteon yeara, and, ii 1t III IL
censoa again, 1t will hardly take another eigh-
teen yoars to oxtnguiall the population,