New-York tribune., 1873-05-24
CALIFORNIA TOPICS.
THE MoDoc wAR-poPULAR NDIGNATIoS-A eAN
FRANCISCO ARr RrsAssocIATIoN-HARD TIMEs-Tlh

THE MoDoc wAR-PoPULAR NDIGNArIoS-A sAN
FRANCISCO RrsAssoCIATIoN-HARD ilhIo-
CURRENCY QUESTION AGAIN.
[YRoM AN OCCASIONAL CORRESPONDENT OF THE TRIpUNEl
SAN Francisco, April 15.-The absorbing
topic In all circles at present Is tho terrible tragedy as
tho Modoc lava bed resulting In the death OF Gen. Can
by and Dr. Thomas, and the wounding OF Mr. Meacnah
by the cowardy and treacher0us Indians. Dr. IhonaS
had received his appointment Peace Commissioners
only three weeks before the fatal day, ana his Hoa
death has cast gloom tho whole coast where no
widely known and as widely beloved and esteeneu
for his Christian worth and devOtedness For many
years he has been prominent in his denomination,
which he served as Presiding Elder and editor OF The
California Christian Advocate, the organ OF the Method
ist Episcopal Church In this State He had recently re-
nquished his editorial duties His wfo resides In Peta
luna, and his daughter, Mrs. Jarboe Is tho wife OF
wellnown lawyer Of San Francisco or Gen. Candy IL
Is not necessary for to speak His name and fame Do
long to tho nation, which will not fail to cherish
and do them reverence Dying by the hand
OF those whom he sought to martyr In noble
cause his memory will remain embalmed in perpetual
fragrance. In the much vexed question OF the policy
to be pursued toward tho Aboriginal tribes, peacefu
issue has always been deemed impossible by those VINO
have the best opportunities OF knowing the character OF
theae savages The pioneers and frontiermen living In
regions exposed to their depredatons, have uniformly
advocated their determination To Christian and phan-
thropo minds the milder way seemed desirable. and
hence repeated efforts made to cvilze and chris
anze them Added to this there appears certain lack
OF chvalry powerful government hunting TO their
death the scattered bands remaining on the ouposts OF
the land. In the light OF the bloody tragedy just en-
acted all differences blond iD the unanimous and heart
felt approval OF Shermans orders to let the fate OF
these outlaws be commensurate with their crime Like
other great problems this works out its own solution
more pleasing topic is found In the recent annual
meeting OF the San Francisco Art Association estab-
shed two years since. The rapid growth OF this organ
zatoD and its gratifying success are full OF hope ana
promise The President, who IL also Mayor OF the
CITY, gives in his annual address some interesting stalls
tics The society Is free from debtiandhasia fund Of
5000 safely invested, which Is to be applied TO the
founding OF school Of design and establishing perma-
nent gallery OF art Through the kind offices OF NJ.
Breul resident French Consul, have promise from
the French Government Of a complete set OF casts
and models similar to those used in their national
schools OF art These are to be forwarded free
of cost aud are expected TO arrive In Sep
tember. The association has valuable nucleus
for library consisting OF about 200 volumes mostly
donations The society holds quarterly receptions for
ts members, which are notceaby pleasant The rooms
occupied by the Association opened to the public at
intervals when the presence Of new or noted pictures
renders it desirable During the last exhibition the gal
ery was thrOnged by hundreds who desired to see the
" CleOpatra" OF Jerome the "Donner Lake" OF Bier
stadt and Hs two great pictures OF the Yosemite Val
ey 1.-THE great Canon OF the sierras," and "The Royal
Arches OF the Yosemite Beside these larger pictures,
our local artIsts were we'll represented, charming
picture by Keith OF Sunset In the Santa Cruz Noun
tains" attracting especial notice.
THE SCARCITY. OF MONEY.
The strngency OF the money market has been unpre-
cedented In length and severity. We hoped when after
two years drought tho abundant rains of 1871 and
tvbt haunt har af mon
would again be plentiful But little improvement is
perceptble Is perhaps difficult TO understand all the
causes there among despite the opinion OF our
conservative papers growing belief that one great ele-
ment OF waning prosperity lies in our refusal to IN
troduce the national currency. With less than s25
OF cold in the State 10 ia TO make cOrner and
casonay fact comes 10 light which shows what in
uences at work. capitalist recently asked large
loan from of our banks giving them certain num-
Der OF dayx 1t and promising to have the Sc
day he came "wi the coin itself be good security 7"
"of course" " Lock iup in your vault, then" The
annual statement OF the London and San Francisco
Bank. under the management OF Milton S Latham shows
a profit OF % per cent on its capital uf S$OCo The
Bank Of California only declares monthly dividend OF
per cent; but with It's shares at 40 per
cent premium, no one doubts that the real earn
nCs as great IL not greater, than those already
mentioned. The California Trust Company declares 10
per cent dividend and carries large reserve; Ine
capital Swiss bank has been recently established
and t understood that Moses Sehgman, OF the firm OF
j. Sehgman Co of san Francisco has eneGted an or
ganzatOn with English and German capitalists aud ls
about 10 open banking house with capal or S0OOOOO
This all WELL We need more money In the State; but,
after ALL IL will benefit the introduction OF cur
rency woud-Or would have done, had the change been
effected years ago. We want Immigration as we'll as
money and Eastern people will hardly rush with any
great haste a country whore dollar Is only worth
from 80 10 cents Most OF the leading papers are in
the interest Of the mOnopost and mOneyed men OF the
coast and OF course favor no change.
We yet failed 10 receive the latter rains on
which our farmers depend very much. IL they 10 not
come within the present month our crops In the higher
lands win suffer materially. But every year moro
OF the ule lands reclaimed and cultivated and more
crops than ever planted in sections capable OF rga
tion that the total yield will probably not be affected
even II we miss the rains which usually come to US at
this season.