New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-04-01
AFFAIRS.
MR.. DANA,S NOMINATION.

HOLDERS ON THE CREDIT OF SOUTHERN AND
WESTERN sTATEs-THE NEW IMPERIAL TITLE
THE SOURCES OF lis sUPPoRT-GoyEENMENT
| TELEGRAPHY.
| IRON THE REGULAR CORRESPONDENT TRIBUNE
LONDON, March 1S.-Mr Buffers attempt to dam
| age Mr.. Dana does not meet with much sympathy
this side, whatever it may have with his political
| pals. Men conversant with public life cannot I'M
dersand how n Committee of the Senate should take
cognizance of literary dispute. "The fact is only
worth notice." remarks The Daily NGcS, "as show
| ing the depths of unwisdom to which legislators
| will descend when confidence has been greatly
shaken, and the minds of men are unhinged." Tho
| Examiner now of the ablest Of the weeklcs,
| treats it as q "ycions attack on Mr. Dana by d
| former editor of Wheaton, backed by Gen. But
ler;" adding, but it is obvious that the allegation
Of literary piracy is merely disinterred to serve
temporary weapon against Mr. Dana, and to
defeat the Presidents nomination OF him ms Minister
in London The Er0mincr expresses - hope that
this "discreditablc trick" will mis- .Ls aim. The
| Pail Mai Gazette, in its irOnical way, halls the
appearance of Gen. Butler as " the stern champion
of official purity" and thinks the jealousy displayed
by Butler and the Senate with regard to MIR. Danas
fitness highly credtabe to them. ct shows
determination to deal with the mischief in time-tO
put down theft and murder. De Quincy would
have said, "a soon a. they found 10 lend to
incvy and procrastination." Nobody whom l
have heard of thinks Mr. Dana's personal character
touched by this ridiculous charge. There is nobody
who would not regret If it should induce him
to decline the nomination after his confirmation,
and there certainly is nobody who anticipates that
the Senate will be guilty of what we are all glad to
see THE TRIBUNE denouncing in advance as the
"stupendous folly" of rejecting such nomination
on such grounds. The Manchester Guardian perhaps
the most powerful paper In England out of London,
points out that the question is rather one OF copy
right than plagiarism, and that the use made OF 1t
by Mr. Butler is an additional instance Of his pre-
yiously proved magnity toward Mr.. Dana. us
long lcader-based n dispatch that the nomina-
ton had actually been reported against by the Com
mittee-concudes by saying: AS the English peo-
pie wculd have been glad TO him in the office to
which he was nominated, We cannot help deporing
the litteness of motive which threatens to deprive
him of the welcome he would have received" These
are fair specimens of tho tone in which the matter
has been discussed far it has been discussed at
all Most Of the papers. however, treat the accusa-
ton against Mr.. Dana with the contempt implied by
silence.
American attention may proftably be directed TO
passage in the annual report just issued by the
Council of Foreign Bondholdcrs. This Council is
well known to everybody who has European deal
ngs To those who have not, 10 is enough To say
that its members are among the most eminent busl-
ness men in London-nen like Sir John Lubbock,
Mr. Gerstenberg, Sir John Rose. Mr.. Weguelin late
a Governor of the Bank of England and many others
not less distinguished by wealth and position in the
City, Their report includes a sIrvey of the condi-
ton Of foreign borrowing States and this is what is
said respecting certain States of the American
Union:
While the Federal Government and tho Northern
States maintain their ancient lam with investor IN"
hax sl on
pruiessedy regulating, has been so IN practioe
and arbitrarily reduced their debts by restricting the
taxation and 10y depryiug the courts Of their iursdc
ton In matters II appeal THIS condition of ahairr Is az
the to De- depored as the now Of capital required
for the speedy development OF The sonth !, rnectn
lailon The above Remarks wi" apply to the states OF
ida Indiana, Arkansas Georgia. and others
Ii is unhappy to be remarked that two Of these
specified repudiaing states, Minnesota and Indiana.
are Northern States, and their appearance III such
black list considerably modifcs the satisfaction We
might otherwise feel in the general certificate OF
good character given by the Committee TO the
northern half of the Union.
Virginia moreover must be added to those whose
condition calls out unpleasant remarks. Her
finances we are told, "are still in an unsatisfactory
condition. several coupons being in arrcar and when
payment is made it is not in full" Precisely the con-
diton of Turkey at this moment.
Alabama is no better. THE unromtting attcn-
ton of the Council and OF the Committees IN London
and in Frankfort has been required during the year
IL meet legal and other difficulties in the United
States in protection of both the Endorsed Bonds and
the Gold Bondsp history Of their efforts is given.
which | need not rccapitulate, for tho facts are
known on your side well as here. II IL the way in
which they strike people here that am point
ing out
Louisiana IL another defaultng State. Her Fund
ing act of 1874 Involved a reduction OF 40 per
cent Of the principal and past interest on the bonds
of the State" The bondhOdcrs conlOrmcd TO this
under protest "and directed tho Council to Issue
certificates Of claim against the State for the amount
lost through the conversion" Not method Though
the only one) satisfactory to plundered bond
holders still less creditable to the pundering State.
And the penalties swift. for AN attempt in 1879
TO raise a loan for Orleans opposed and de-
featcd by this Council the ground of that city, as
well az the State, being in default. And it may DO
remarked in general that the Council shows strong
prejudice in favor of the enforcement of the Eighth
Commandment regardless even Of what seem to be
considered down South State Rights
Such "a majority ~ that by which Lord llarting-
TOMS amendment opposing the adoption Of the title of
Empress was defeated on Thursday can be described
in a single word Ii ~ "A social ma Orty. Social in
uences have procured it, and the result ~ only one
more proof Of the immense power which social IN
nuences exercise public affairs Lord Elcho let
out the truth by his hint that the passage of the
amendment would displease the Queen. The Lib
erals who voted against their leader, or who
stayed away rather than vote with him. are petit
coat Liberals. The voice Of o fashionable clique is
stronger than the voice ofthe country. There has been
in the country in tho middle classes, in people of
average intelligence who interest themselves III pub