New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-12-03
CURRENT DISCUSSION.
BUSINESS PROSPECTS.

celent service TO the public, by publishing dealicu
reports of the state OF trade and manufactures IN
various districts throughout the Eastern ana Middle
States 1t has thus presented great mass OF valuable
information, OF course incapable OF even the most con
densed summation IN a brief paragraph In general!
there wide and strongly marked depression IN an
branches of industrial activity the exceptions 9ens
few. OF course, as consequence there Is VIDE re.
ducton of the wagerate, OF OF the hours OF
labor, among manufacturers ete.; anu hu inv
Gus cases in which large establishments nave
stopped work aogel6er throwing armies OF opSfhaDGs
out of employment There Is generally reported ne eA
pectatiOn Of great Improvement OF business M the
Spring; but il is difficult 10 determine how definite
grounds this expectation rests IL Is Pheasant 10 IecoIu
that very disturbances between employers ana EN-
poyes mentioned the necessity Tor reductOh OF
wages being generally recognized and assened 10. We
notice, also, repeated instances where IL slu th9I
the operatives, most OF the are provided with homes
their aud have no fear OF ejeetment before their
eyes. - . .
| From TIE Memphis apVodL ,
The spontaneous indignation OF the S0uti',
ern people at the recent Insult oHeteu 10 tne UDed
States flag and the massacre OF the passengers ana
crew OF the vrgniqs reonkes IN Thunder tones T
corroboratng the assertions Of the washington cor cor
gnia louisiana the old feeling for the National nag
las manifested itself il the name OF the C0niedeaCy
ticians in the North and South who have long been
| making capital OF the alleged dislOyai feclnS
| existing in the breasts OF Southern men, VII
be surprised and chagrned at this exhibition OF nation
| atty. spontaneous and OuspOken, throughout the
gone we trust forever and it needs but occasion Of
the kind at the bar OF public opinion to prove 10 Tue
fouly wrOnged by the adventures who have grown reh
by trading IN Misrepresentation Tomorrow II neees
terry could be found Southern States ready to
march to the defense OF the american Union ana TO Su'
| tain the honor OF the American nag
AN UNFORTUNATE ARITHMETIC MAN.
Prom Tle Brooklyn Eagk.
THE TRIBUNE, when Horace Greeley con-
troed its columns guarded the Republican party from
many a disappointment and humiliation by its habit OF
undersang rather than oyerstaGg The result Of
involved. Both parties came In time to regard THE
| thing else in THE TRIBUNE was bitterly partisan rs
figures rarely had party leaning When THE TRIBUNE
claimed success for its party, after receiving the
| returns it was safe to accept It's Judgment
The Democrats are less fortunate n H. d tneir
| ing is so peculiarly unfortunate that its Arith-
metie Man has become the butt OF the press and the
after the late election in this State The World hung out
its banner" claimed the State for the Democrats by a
where that it gave up figuring and summed up the fate
of the Republican party by averng that it had met its
Waterloo" After so great victory II seemed almost
superiuous The World estimate what left Of its
political antagonists In the interval between the elee
Man finds ample occupation IN gradually moderatng
hs post-eection euthusiasp-n "letting himself down
| easily" as the boys
'"'"'' COMPROMISED CUSTOMS CASES.
| Prom Tn Nee Bedford Mereprg
| THE NFW-YORK TRIBUNE publishes q list OF
compromised customs cases during tne iast Tour
Nv law OF the United States the Secretary OF the
parties charged with making fraudulent invoices or any
device 10 evade payment Of duties, or with smuggling
of he But few Of the suits n
| tuted against importers are defended, the parties
| be presumed. OF their wrOng-domg, prefeirng TO
the costs OF litigation and avoid the scandal o.
Jury would fix. Each case should he tried In court or
If compromised; the compromise should DC naep Oh
ishment for Ofenses Is not to make money Dy thelr
but 70 pr a er s Of Of
who commits it, is to deprive others oil the oenen oi
CONGRESS AND THE CURRENCY
| From ia, ClevsIand Leadsr
| THE New YORK TRIBUNE, In an elaborate
article on the financial and commercial situation, says
that all the forces which acted prices during the first
two months of the panic have been reversed and that
| prices again expanding. stocks advancing, ana
| money becoming each day more and more pIen l
tiful The danger to be spprehended, In TN The
grow out Of a superfuty Of money. Everything
win depend upon the temper OF Congress 1t may reap
roughly disguised blessing or II may take such meas
70 poultice over the rapidly healing wounds Gasea
similar calamity in future To 80 amend the currency
Of business aud to avoid expansion this is
| What the country hopes for from Congress
GUARANTEES AND GRANTS
The NEw-YoRK TRIBUNE relterates an oft
repeated warning that the Northern Pscnc ana lex
Pacific Railroad Companies intend TO apply 70 Congress
at the approaching session for guarantees q interest on
their bonds. We lay y down as an xible rule
lend its aid even 10 the extent OF granting single
acre Of land to any rtroad or canal company the mem
OF their stock subscriptions; and moreover the amount
OF Government aid should be regulated by the aggregate
smolnt OF capital stock upon which the enterprise,
whatever 1t may be. is based. 1t Is nonsense 70 say
that. inasmueh as grants have been made It, 10
should be extended in other directions. One mistake
| is not to be remedied By MAKING second one
MEETING GOVERNMENT EXPENDITURES.
From TIE Chicago TINS.
Says The TRIBUNE of Newly
The aI s which Soa WI DC m sS' rse
equal expenditure which on, be done b. an increase Of tar
A. he on, & by which our currency dePre
citation and The COUNTRY protected from repetition Of the unou 'Psa
That depends The necessity for increasing taxation
be obviaed in one or both OF two ways: either by
curtameDt OF expenditure or by an increase OF rev
enue from existing taxes Congress has no power, OF
get more revenue out OF existing put
power to curta expenditure end that 1t ought by
ali means 10 do in any event The Times quite agrees
with THE TRIBUNE however, that increase OF taxation
is preferable 10 increase OF indebtedness except tenn
porary and 10 a limited amount.
RESTORATION OF SENATOR SUMNER
From The Raleigh Stnin>l
TIE NEw-YORK TRIBUNE Is urging the res
toration Senator 5umner 10 the Charmansnlp OF the
Committee OF Foreign Relations IN place or simon
Cameron, as corrupt man az Beast Butler Summer Is
great fayore ~ tue 5onn put no rs i ap ncar1 "a
generally regarded honest TIE TRIBUNE says he II
now the most popular man In Massachusetts aho WIN
lie reelected 10 the United states oenate no rs
Inc pnres and perhaps the most fanatcal oi new
UNWORTHY CITIZENS
Prom GatSssiOn Ne0. .
Sinking civil duty seems TO be the sin OF
oil sections OF our country TIE NEW YORK lhBuI
COMPLAINS OF the number OF voters VINO reIialned IOn
registering for fear o. DelDg a,amn on I u Ju' n
figures would be startling enough W convince buD one
that This REIMBURSEMENT OF tho privileges o cllhsnshp'
Ia order 10 escape ils burdens ~ one " INC ys pr
garded as ALIENS deOarrgd The rgbt oioug 10 they
refuse to discharge the duties oil ciVzo'S