davidaulloa/AmericanStories huggingface dataset:
, 1873-12-26

after the riuic IN this country. That this Bpasm
waH based upon no facta at Ill, but was pro-
duct Of tBordcrod lmaglnationn,is rendered suf-
aciently conr by tho faot That IL has now coascd.
Tho grcat London pahio of 1866 waH genuine
financial crlss, having tts origin In tho wasto of
capital which speculation always brings in its
train. Tho ortais Of tllat yoar having spout ,te
toreo, aud tho disjecta znsmbra having boon de-
Gently inferred by tho Bankruptcy Court, nothing
llas occurred since to create 4 now crisis thore.
Tho memory Of tho old ono Is still too vivid
and fresh In tho minds OF tho trailing and
banking community to warrans that sort
OF "branohing out" Which 1oa to tho
crisis of 1866. Consequently, Is Prof.
Price observes, tho course Of British trado waB
emlucntly conservative and safe when tho
American panic began. Dut ol,r panic lod to d
puddon cessation OF Imports and this rendered
neceHsary tho expectation Of gold from England
to pay for her imported hroadstuifH. 10 check
thiB export Of gold which wAs po1fectly
natural and healthy movement, the Bank put
UP tho ratio Of intorost by successive stops from
Q per cent to 10, whilo tho outside ratio wont as
high aa 12-n mort unnecessary and unphtloao-
phical proceeding, as Prof.. prico maintnins. uo
holds TINT bank rosorvo Is thing to DO used
lit emergencies, and not fetiRh to which tho
mercantile community should bo olrorol up
periodically as o sactifico. His remarks nro
equally applicable to tho bank reserves Of this
crftntrv ns In tfopa nj I'm r1nn1
, 1873-12-26

Tic Republican pross generally treat tho De-
catur Convention rs a suporluisy, alleging that
all Of tho principles laid down in it's platform
have been indorsol by the Republican patty and
most Of them by the Democratic party also.
What ia the use, they Eay, OF having now party
to 10 what tile other parties Aaye promised to
do7 Tho anBwor to this co,undrum WIS giyon
pretty plainly by tho Decatur Convention. It
WAS In substance that tloy had no confidence In
either OF the old parties. Tho truth is, and tho
Decatur Convention might we'll hayo assorted 1t,
that uo party can accomplish reform Of orSan~
ICED abuses unlcsB specially organized for Tho
purpose. Tho Republican party waa organized
to put down slavery, which 1t las dono. Whit
tue Democratic party was organized for Ina beon
long sinco forgotten. Neither Of these parties
vas organized for my Of tho purposes which
brought the Decatur Convention together.
Whatever they may promise, whether Soraasl-
suffrage reform, cly-aeryico reform, railroad
reform, tariH reform, or salary.grab reform. 1t ia
coyta,n their troasuro zs not In any Of these re-
forms, aud consequently that thoir hearts will
not b. there.
, 1873-12-26
THE UNION.

a meeting Of tic Directors Of tho German
Newspaper Printing and Publishing Com
rany (Ohicago Daily UnioD was hold
Wednesday evening at its office, NO.
124 South Franklin street, the follow
ing Direotora be.ug present: Hermann Lieo.
Edward Rummol, Huns Herting, George Bra
ham, md August soAotfLausor, III the abaence
OF Col, Arno YosB, the President Of the Com
pauy, Hon, Hermann I.iub calio1 the Meeting to
order, and stated that this special meeting had
boou called for the purpose OF accepting the
resignation Of the old board Of Directors. The
rcaigaation was road and accepted A. motion
wes then nude and aoceptol that there be lero-
utter only three Directors. instead Of ninetaen.
.as heretofore.
an election OF Directors was then hold. with
Tho following result. Hormaun Liob, Edward
R.nmel, and Peter Hand.
The nowly-eleotod Board Of Directors thon
mot aud elected tho following oillcora Hermaan
Lia1, President; Potter Hand, Vice President i;
Edward Rusnnel, Secretary md Treasurer.
The editorial atafr Of the paper will hereafter
be aR follows: Casper nutz, ohiof Elltor; Il
Binuar, Associate Editors JoBopA 0reenhus,
City Editor Edward Rummo1, Managing Editor"
The Board Of Directors enjo!nod Mr. Rum
mel, tile Treasurer, to pay no salhry 70 alr. but7
utloss he performed adequate aorvicoa.
Tho meeting thou adjourned.
, 1873-12-26

The exposures relative to tho misappropria-
tion Of the contingent funds Of tho various De-
partmeuts at Washington for tho personal luxu-
~ of Cabinet olIlccr8 hayo aroused the Admiuis-
tratlon Congressman to an unaccustomed
atato Of indignation, aud /: ia now stated
that a thorough investigation will be
instituted Immediately after tho holiday rocess.
Further revelations arc predicted, in which it
will DO shown that all grades Of Department OIL
eials have indulged themselyea in unlawful per-
quisites, and that the impression has taken u
strong bold upon this class that it is fair
to appropriate any public moneys for pri-
yate use that can 10 obtained without
a technical violation Of statute-law. While the
practices loadiug to thiH porn,eious fallacy have
been Of some years' standing, they lave natural
ly grown worse with tino, aud have been fos-
tered under tho military system Of Con. Grants
Administration.
, 1873-12-26

We print this morning our annual review Of
trade during tho last year. 1t viii DO found to
contain mnttcra Of interest to all tho world, and
material for the qualification Of everybody out
side OF st. Louis and Cincinnati. This compilation
shows that s630, ,00o 600 worth Of goods woro sold
in this city during 1873 at seholesa'e alone.
This is gain Of IS per cent over tho same busl-
ness Of 1872, and gain Of 81 per cent over
that Of 1870. On this basis it will not he di1l-
cult for skilled statstioisns to figure out future
possibilities for Chicago TINT shall outstrip all
the progress in commerce aud trade that Ina
e7or been 1nado in the past.
, 1873-12-26

q few yoare, but now there have boon wholesome
rostranta and checks provided by law. AZ
proBont, tic City Trcasuror m,1st deposit the
money ns1ch placea as law may Designate. md
nnkc tl,ia deposit within twonty-four hours after
receiving tho mo1soy. Tho bankB must tlon file
with the Comptroller wcet1y Atatemonts Of tho
amottnta received ly tonl from tho City TrcaB-
urcr and tho amounts paid out OIL lliB checks.
No money belonging to tho city can bc drawn
from bEnk except Oil The warrant or check Of
tho Troasuror. countorsgned by tic Comptroller.
Tile Treasurer must alHo exhibit hs ba,lk-boohs
to tho Comptroller Whenever 40 required, mud his
nccounta aud tloso Of tho Comptroller nre subject
to examination by Commission established
for thtH purpose. Il dofatcation, unlor thoao
cirounlstHnees, is only possible whom tho Comp
trollor md ],ia dop,,tios unite with tho Treasuror
aud tho banlts and othor city oflcors to rob aud
plundor tho public.
THO theory tint tho responsibility Of the Treas-
uro1 and hts boudsmon Ia MI tho securitx that
tho public hnvo any right to domand tho
Treasurer, has survived It's usefulness. Bomo-
thing additional must bc provided to prevent de-
falcationB. Ofiicial bonds aro very preearious
security, and tho instance Inns yot to bo found
whom they hayo proved sufficient to cover tho
public loss. Tho public have d right to know
whcro tho public money Is deposited, md whetll-
or tho statement OF tho deposit is true ono.
Thoro aro III this state 102 counties mud 20 cities,
each of which las d Treasurer to thoso must be
added tho 1900 Township Trcasurers and tho
| Slate Treasuror, and MI tho security the public
have against tho dofalcatlon Of those olIcora iB
the of'icial bonds, not ono in fifty Of which per-
hapa would, after Judgment, prove to DO worth
| penny. What is needed is something to pre-
vent dofalcations, -something to prevent them
by rendering thom impossible.
, 1873-12-26

flo of bnrnnu.nlrror. Horny Dartole, 128 West
Randolph streot, invtos l,ia friends to a turkoy-
lunoh. August Drouner Hota out today i'll Gus
groat loor-lunc1. witt, tho bos* Of drinks en au-
nouncoment which ought to te,npt oven Talstnfr
out Of Ills grnvo. Einbort pottgioaor, 800 South
State Btroct, woso b,lrly form, is tho very syno-
nyua Of good living, annoi,ucea roast vcniaot,
turkeys. md gocso, and all tho finest dolicacioa'
with the best Of drinks. Gustnv GarscnH, 3C0
Milwaukee Avonue, anl Peter 8egelor, 75 Larra-
boo atroot, do not specify their t1o]ioacos, hut
both arc ilno lunches. Louis Rim, Ia West
Randolph stroot, n,afos slch namboyaut and
tootllsomo announcement TINT wo cannot rofrnin
from giving 1t ontiro;
"WorLhy festival Of tho Christmas night.
Motto: Eating aud lriuhfug koop boly uul
soul toget]lor.' Louis Rim. Ill Woat Randolph
street, invilos his frionds mud acqunintances
to attond Ohristmas night festival ut his
friendly hostolry ut tho old Hay Market.
Preparations hayo been ,nado which will anttsty
tho most faBtidious opioure. Tho principal
points OF attraction (1lauptanziohungspun
will DO young sucking-pig (spanferk olbraten)
eumpsuously prepared with oil tho conc omi-
tants. That tho condition OF tho bnr is tp-top,
my friends already know, all Of whom aro
Bolemnly invited by Louis him."
Tho man WHO could resist tho abovo au-
nounccmont must bo made out Of very Htorn
material. Dut to return to our mnttons.
George Kaoanor, corner OF Polk etroet aud
Fifth ayonue, Hota out bear lunch for tho
citizens Of that fashionable quarter. Frau
nildenbeutol. 815 Blue Island nvonuo, with ano
female feeling, announces All exquisite
lunch with all tho doicacles Of the season"
John and Michael Schn,itt, 2a2 Division street,
John Press. 0l Wost Kinzio stroot, aud John J..
Boiler, G48 West IndiaIa atrcot also invite their
friends to "dolicato lunches," mud Alexander
Johnnnson, 1s4 Coolidge street, not only sets q
lunch. but afso provides ffg1lte muak und Co.
tranke." This concludes tie list. In con-
aidoration Of tho above announcements, showing
that roast turkeys, doyiled haros, Davarlan
dnmplings, Hamburg cells, roast vonisot, bcar,
geese sucking-pigs, md other delicacies arc lying
round loose, begging somebody to bo good
enough to cat them, and flldIers aud piano-
| tAumpors, and hot1l-blowers and nddrum-poundors
| arc ready to play thoir dulcot strains to the
| feastors, nre wo not little haaty in prcsuming
there is nothing to cut in tho city? Aud ia moi
| that promising young dcmagogue +. A. Hoff
| man, Jr., little ahead Of tic time with hif
! Commune?
, 1873-12-26
THE CHIEF-JUsTIOE MUppLE.

Our Washington dispatches state ttat upon
Withdraw tho nomination Of Attorney Gouornl
Williams as 0hief-Justice. md send in tlat Of
Caleb Cushing. When AIR. Williama was flrht
noninated nc expressed our grati1cation that
tho cnao was no worBo+ We think TINT tile uoul-
inatiou Of TINT ancient gossip Of Nowburyport,
who represented us III part ut the Genova Con-
feronco, and WHO las since written book to do
molish Lord Chlof-Just!co Cockburn, would bo
rather worse than TINT OF Williams, although VIC
presume that Gushing, when ho wan Attorney
General for Frank Piorce, novor bought n pri-
vate carriago for himself with tho contingent
fund Of the Department. This carriage purchase
is certainly sufficient to warrant tho Senate
In rejecting Williams, il it chooses to
do SO. Probably thcro are other roasoua
in addition to this. Tho Washington dispatches
state that the feminine mind Of tho Capi-
tal is agitatod at tho prospect Of seeing btrs
Williams promoted to tho position Of Chiof-Jua-
ticess, md that Senators arc confronted ut every
turn with tho implacablo opposition Of tho ladies
to tho confirmation Of Mrs. Williams husband.
Whateyer this may signify, re think there can
bo no doubt TINT AIr. Williams nomination will
DO withdrawn Immediately upon tho reassen-
bling OF the Senate. And tho question will in
eyitably ariae whether man WHO helps himself
to 81, GOO Of tho public nouoy to buy private
carriage is tit to hold tho Office OF Attorney
General. II the eyes Of tho senato arc really
too pure to behold such iniquity, the proper
thing to do will bo to confirm the nomination Of
Drlstow as Attorney General, which is now be-
lore them, and then lot the President withdraw
tho nomination Of Williams aa Chief-Justice ut
his leisure.
Wo Ind hoped, but not expected, thai tho
President would nominate aome great lawyer,
like William u. Evarts or benjamin T. Curtis,
Or Bome eminent Judge like Thomas Drummona
or E. Il. noar, to tho vacant chair Of the Chiof-
Justice. Now that ho has failed to accure the
confirmation Of l,is first appoipteo, the opportu-
nifty s again offered him to aigna1izo his Admin
istration by such an appointment. Tho ncmina-
tion Of Caleb Gushing would go far to confirm
the opinion which the farmors entertain, TINT
they can elect better Judges than the President
IS likely to appoint.
, 1873-12-26

time Rafferty, rsa tried, and, in spite OF tho
effort OF tho supromo Court to make 1t appoar
that ho vaa only guilty Of ,nanslauglltor If tho
warrant Horvol by auother olllopr WAS Illegal (nf
which O'&toara was ignorant), Ratrerty was n
third tino found guilty Of murder, anl SELL
toncod to DO hanged. And now ttrcc Judges Of
tho snpromo Court Say TINT ho shall not hing
yot, that 10 a1at have another full hearing bc-
foro that tribunal, mud probably fourth trial
for crime Of which Rntrorty himsolf will scarce
ly deny TINT llo is guilty.
As yet tho grounds for tho granting Of tho
third sttpe:aedeas aro not statod, further than
TINT they llavo boon found Ia an Examination Of
tho record" A1r. Small, 1airerty's counsel. liz
ignorant Of them. Tho stato's Attorney aud
llis asatatant suspect that tho stay has been
granted Oh tho atronglh Of an affidavit submit
tod aftor the lust conviction. stating that ono Of
tho Jurors had oudoavorod to rot place on tho
Jury with the corrupt purpoao Of voting for
Rafferty's conviction, and TINT tho Deputy
shortr Mt Waukogan had intimldatod tho jury,
by lnfelntcrprotlng tho Judgo'a language, aud
making item boiovo TINT thoy would 10 kept
out ovor Sunday II they did not render thoir vor-
dict by cortarn hour. II Ia also hintad that
Judges McAllistor mud Sheldon, upon separate
application, refused to grant tho prosont super
sedeas, aud, therefore, Inferred TINT Judge Scott
finally consented only on condition tint tho two
othors would join him. But, wliatoyor
tho circumstances woro, tho fact re-
mains that in no ono Of thoso interforcncos
by tue Supreme Court, has thero been any pre-
teuao Of a roaacnablo doubt Of Ratrerty'a guilt,
which has beon couolusivoly shown by tho oyi
denco at oil OF his t1ials. In spite Of THU, aud
to tho great danger Of human life In Chicago, =
thrico-eonvicted murderer Is temporarily rescued
from punishment, with = new prospect for nnal
escape. Ra1orty's respite md Perteot's e.eou.
tion would Reom to teaeh TINT, when men do
murder in Chicago, It should DO with bloody
hauds That all tho world may know it, II they
hope for judclal favors.
, 1873-12-26
DEFALCAT1ONs AID THEIR REMEDY.

The Nov York Times refers to tho dofalcation
in, tho Chicago Treasuror'B Office, md attributes
1t, with others Of like character, to tho ab-
surdlty Of tho prevailing sYetom Of regulating
the accounts Of State and Municipal Goveru-
ments. In all tile cases OF otlicinl defa!cation
tho absence Of checks upon tho deposits Of pub
lilo money is tho Same. In tho present systom
the tradition belonging to primitive period has
beon preserved, that tho Treasurer ia the actual
bag.holdor Of tho State or corporation tint to
him IL committed the exclusive custody OF the
money; md TINT he ia ut liberty to employ banks
hia private gafe. This tradition Assumes that
tho public have trusted tho Troasuror absolutely
aud tlnroscrvoaly. and that tho public should
aeeh their solo security against loas III the re-
sponaiblity OF tho Treasurer and his bonlvmon.
IL 1t not time tint this old-fashioncd theory
should DO replaced by system of direct ao-
countability preventing any misappropriation Of
the money without Immediate detoction7 In
all tue recent caaes, some thirty in number, Of
official dofalcations, there wa9 no ohooh upon
sAo AAGa1AAbA 1Af0 tA2 RtoAa ~ 6QAo 0tAuA uA4-
Ger which merely showed how much he ought to
lavo on hand. III every case, tho Trensurer bud
unlimited authority to placo tho money whore Ao
pleased, or to keep 1t In his own pocket. Ho
was under no legal obligation to state whore ho
kupt 1t, nor to show that It waa on deposit any,
where. So long as he acknowledged to have On
Land what he wes charged With on tho books Of
the other officers, there was 10 authority for
any ono to Interfere. 30 long as ho lonorod the
official drafts, there WAS no authority to assuao
that be had used the money improperly. Ho
WAS, therefore. free from al official restraints.
It las been assumed that tho Legislature can
prescribe no regulations touchng tho keeping
Or handling Of public money without destroy
Ing tho liability Of tho bondsmon Of the
Treasurer. Tho office tH0lf iH tho creation Of
tue Legislature. Tho person elootod to it takes
1t subject to the existing law, and to all other
laws Which may bo passea concerning 1t. Tho
law can compel Treasurer to mako daily or
weekly exhibit OF hia accounts, and can compel
him to include in that exhibit IN actual showing
Of tho mousy IN hls possession. The samo old
aJatsm prstallaa In New York City until within
, 1873-12-26
4 NEW CLASS OF FELONH,

Harry Comet, tho convicted Tammauy thief
naH mado good his escape from tho slippery
hauda Of the Now York Sheriff, and from all nc
counts is now OH the ocean in l1is elegant yacht,
provisionea for six months, enjoying bis cigars
and wiues, and laughing at hia prosecutors. ue
is q yory wealthy man, OF luxurious habita, aud
could afford to pay nny amount to escape prison.
life. Norton. Conan. Miller, and Walsh have
followed bis example and taken to their heels.
Tho murderer Sharkoy ia also III safo place,
having thus far eluded his purauers. And now
comes tho announcement that Tweed's lawyers
have concocted new trick, which thoy nre con-
fldent will roloaso him from the Dlackwcll's ISL
and prlson. II this should fail, the euc-
cosB of The other thieves mentioned
above iB pretty sure indication that Mr..
Tweed will turn up missing some flno morning,
and leave somebody in Now York considerably
richer by virtue Of ha escapado. In riow Of
theao facts, tho question occurs: How much
hotter are tho guardians Of these convicted fol-
o1aB than tho felons themselves? There ia now
a fine opportunity to offset tho considerations,
which in all probability these aomno1ent officials
have received, BY making m example Of them.
II tlorei Is any virtue left in the Nov York Cours
thcy must Inquire into tlis gcendalous business.
There is no difficulty in securing and enforcing
tho punishment Of little thieves to tho very limit
OF tue ponaity, and, it one OF this cass attempts
to escape, he is pretty suro to got bullet
through him. II tho Now York Courts will
but promptly make an example OF tho
doro}ict and corrupt officials, who extend dis
tinguishod confederation to big thieves, the
practice viii goon become 10 improbable that
big thieves will havo to traycl the Hamo road as
1ittlo thiavos,-a fact which ought not to be in
consistent will tue ends Of justice.
, 1873-12-26

arc now dozon Ruits In which tho Coutta hare
granted injunctionH prohibiting the payment Of
Interest OIL the bonds.
8. The suggestion that because TIC Constitu-
tion li.nita municipalln at,d bccauso
alleso bo'ttls nro registered, they posBcHs any
higher vnluo Or security, is not warranted by tho
faot nor by tic law. 1nmany casos, tbcso bonds
havo boon issued by municipalities that, confess
clly, Gun mover pay thom. small towns, with
fow huntlrcl people. aro ohnrgod with 10 uor
cont bonds far beyond nily probnble future abil-
lty to pay. AZ specimens OF tho way i'll which
railroad jobbors have procured tho issue Of
those bondB wo givo fow INSTANCES, takon at
randon,, showing tho amount Of tho bonds and
tho Iopulatlon Of Tho town. issuing them:
, 1873-12-26
L JUDICIAL OUTRAGE,

Tho news which wo print this morning, TINT
tho Supreme Court has third time intorterel to
saye Rafferty, from his Just punishment under
the law for a murder committed neaslya year
and half ago, will 10 received with something
liko inorednlity On tho part OF the public.
Rafferty, was to have beoa hanged to-day at
Waukegan. Three timos had ho been tried md
found guilty Of murder in the first degree.
Three times had he been condemned to
expiate hla crime on the gallowa. Our
dispatches from Springfield tell us TINT
Gov. Beveridge positively refused to commute
Ais sentence Or grant him respite. For several
days the oulprit has been under tho minstering
thas no had made lis peace with God. and waB
prepared to meet his fato. At this juncture
three Judges Of our Supreme Court, bolstcring
each other up in tho notion, grant superselcas,
aud thus prepare the way for q new trial, which
will not probably be callod til, tho September
term, moro than six months hence.
III view Of the unquostiouablo proof OF Rafror.
ty's guilt, We have no hesitation III pyonouncing
the present Interference as judicial outrage.
Its practical effect is to bully tho jurios Of this
State, aud to encourage woull-be mur
lerors In the belief, once openly proclaimed in
Chicago, that changing Is pluyod out" Eighteen
months ago, Ea1rorty shot down Officer
o'A1eara; Of tho police foroo, in the most dolib-
esato and cold-blooded manner. 0'sIeara lad
accompanied another officer, who had a warrant
for Raforty's arrest. for tho purpose Of pointing
out tho man. OS1eara did not servo the warrant
liolae!f, and, aside from tho official star he wore
on his breast, was present as d nero citizon
spectator. But he stood near the door through
which Rafferty, had determined to make his es-
cape and ~ means Of getting him out Of the
way rafferty, lrow revolver and shot him dead'
Tno murtioror was apprehondod aftar unsuccess-
fully attempting to eluao tho officers,
brought to trial before tie Criminal
Court Of Cool: County (Juage Tree presiding),
fouul guilty. aud sentenced to DO hanged.
llaffcrty's counsel applied for writ Of SUPER
sedeas to Judge McAllister, aud 1t WIS issued on
tho ground that Judge Tree had erred in rolua'
Ing to grant change OF souuo. rafferty, WAS
nozt brought to trial at Wsukogan. again found
guilty Of murder in tue frat degree, aud ngaln
sentenced 10 be hanged. 4 second time writ
OF superset|eas was applied for, and now trlal
was granted maluly on tho ground that tue war.
rant served Oh Rafferty, ut tho time Of tho uur.
der was illegal, having boon signed In blink by
Juatico Danyon. aud that eyidouoe Oh that point
Ind beon excluded IN the Court below.
Judge 1loAllisters opinion aulnadvertel In
tho aovosost terms upon tue loose practice ol
Issuing blank warrauta, dwols eloquont]y upon
the rights OF the American oltizen rs to arrost.
aud thereupon ordered now trial for q murderer
| whose Rullt had mover beau doubted. / third