davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1876-03-11

ade is "an intoerable nuisance to which the
Union League refuses any longer to submit"
That is word spoken not day too soon.
Unless a delegation "wholly unpacked anu
unpledged can be conceded, the Union League
"refuses to be bound by the actor" OF the
Convention. This is a real declaration OF IN
dependence. To outsiders ii has long
seemed passing strange Chat men OF
culture and power, character and patriot
ism, allowed themselves to be bossed ana
bartered away by tho Hessians OF the Custom
house clique. As long az the coarse mercena-
ries of q corrupt Administration were allowed
to manage caucus and convention, while the
best men of the Republican party were salts
fed to cast all their influence for any ticket
however nominated, the Union League was
really little better than the respectable figure
head for set Of scamps. II was high time
for a revolution; all honest men will rejoice
that it has come, and will not criticise now
too sharply the long delay.
The closing words of this fine set of res
olutions will ring through the land as the
war cry of those who are fighting corruption,
and that besOtted partisanship which msures
corruption: "Tbe exigencies of tho party as
"well as the country demand President who
"shall be deservedly recognized as a Reformer
Gas well as a Republican, The decisive fact
of the situation is, that no mere partisan can
be elected; that every Republican leader
who has not been actively fighting cor
ruption rests under suspicion, because he
has permitted, without recorded protest
and persistent opposition, those abuses which
have brought dishonOr upon the land If there
are very few who have been thus open in
protest and faithful in warning against fraud,
80 much the worse for the many leaders who,
during all these years Of corruption, have
cared more for party than for country. The
next President, if Republican at all, will be
one who is deservedly recognized as Re
former as we'll as a Republican" If the
rings defeat the nomination of such man,
they defeat and destroy the Republican party
Honoring the Union League for Its timely
words, we must nevertheless add that words
are not enough Men who SEQ what the cOun-
try needs will not do their whole duty II they
merely resolve and demand but do no work.
The time requires earnest, Jealous, we'll
directed work to overcome the corrupt
rings and schemers in the Republican party.
If that effort should fail, if the rings should
defeat any RefOrmer and force upon the party
any candidate not "deservedly recognized as
"Reformer," effort in another direction Will
become the duty of every honest citizen.
New-York tribune., 1876-03-11
Jnoer 10 aopsrrsemenIs.


AuuSvMrNrs-aM Dage--4th. 5tb. and 6t6 columns
PaNv,SG HoIsFs AND BANKERS-1lh Pa0e-lst coiuinn
Ho,HI, AXn KOoNs-9h Pd0e--4th column.
RrsISFss CHANCEs-9h PdGe-3d column
NoTICEs-6fh PdOe-lSt column.
-op,prNrHsuIP NOTICES-Sh I0gc-Oth COLUMN,
iIrNfIsIHY- Oh TdOe-4th column.
DIytDEND NOTICCs lin IdOe-ls ST column -,
EuROPF An ADvERTGsEMESrs-llh FdJc-Su' 9tn' anu
FNAScIAi~I0A Paos-6th column 11@ PGge-lst col
umn.
FuKNITURI-1lh PG0e-3d column
HEIP WANTkIs-gh PdOc-6th column,
HOTELS-gb F00c-4th column -, .
UnrsPs IND FARNs " WANTED-11h PG0e-2d column.
ICk CEEAM-sh fdOe-6th cOiumE
ISsTRTCTIOs- Sh Pa0e-5th and 9th columns.
Legal NOIiCEs-sh FG0c-6th column
LECTURES AND MEETGNGs-h PdQe- -6th co,uIhn
NIRHiF AND ATK MANTRIS-SM Pd0e-6th column
HARTI1GEs AND DEAIns-7h Pd0e-6th column -.,
NIsCFLIGNFOUS-1lGh PG0e-3d column; I'm faGe-o'n
and 9th columns. ~, -,
MUSICAL INsTRuMESTs-9h Pd0e-6th column
Sgw PUpIICATiONs-Sth PdOe-3d, 4th ana 0th columns
REIl ESTATE For SALE-CITT-llh rage cOiunn ,
RpooKIYS-IIh Pd1e-2 2d column: CoUNTRl,llu'
IGGe-2d column; 10 EACiAN"h ii"' '"N'
RTtIGfoUs NOTICES Oh Pdqe-2d and Sd columns.
sILYs nv AUCrIo>-9th PdOe-3d column - -, .
.TrUATIoNs WANTED MALEs-9th Pd0e-5th column ;
FEnAIFs-9h Id0e-5th and 6th columns
SPECIAL NonCEs-7M PGge-6tn column 49,, . e.,
RTElMROArs AND IAILROADS-llh IGQc-0lh anu olh
sts.sEns OcEAS-lIM Po0e-5th column.
IFaCHFRs-SM PdGS-6th column - ~. -,
To ItT-(JrY PKOPERTY-llh FdQe-2d aud ou col-
umus: EROOKLYS-l1h PGQe-3d column - IolNIhi-
IIh Pagc-3d column q, -,
too T.IE yoR CL LAsnICATIoS-QM ragged column.
To WHOM II MAY COScERN-9h Pd0e-3u eolulln.
New-York tribune., 1876-03-11
THE RdTE or INTEREST.

Mr. Fernando Wood, il appears, is anxious to
defeat the Funding bill passed by tho Senate
and earnestly recommended by Secretary Bris-
tow. For this purpose, he has invited Mr.. A..
$. Hatch of this city 10 enlighten the Commit
tee of Ways and Means, and that gentleman
apparently succeeded in impressing some cor
respondents. if not the Committee itself, with
the idea that he had made a great discovery,
namely, that "the credit of the United States
"is now on a basis of four per cent and that
il would be folly to offer bonds at Il higher
rate of interest. One illustration will serve as
a sample Of the many apparent facts with
which Mr.. Hatch bcwidered the Committee ::
he observed that currency SKIES now sell at
127, having about nineteen years to run, and
that the buyer at 1877 receives less than five
per cent on his investment, and eventually
loses the 81 per cent premium, which Is q
loss of more than one per cent yearly, so that
he really gets less than four per cent for his
money Such. in substance, are the argu-
ments of Mr. Hatch, if he Is correctly re-
ported.
Now Mr.. Hatch is quite too shrewd banker
TO be ignorant that there are several grave
misrepresentatIOns i'll this statement of the
case. The buyer pays $1,27O in currency for
81 900 bond, because he knows that the
Government has promised to make its cur
rency as good as gold within three years, and
believes that il will do so long before the ex-
piration of the nineteen years. In purchasing
power. the 81 900 which he is to receive will
be equivalent to 81 i 145 to-day. Moreover the
$50 in currency which he receives as interest
will soon be worth SOS 20, as compared with
the currency of to-day, so that, after re-
sumption of specie payments, his investment
of 81 .270 in currency, now worth little more
than 81 cents on the dollar, will really yield
in purchasing power nearly 5i2 per cent annu-
ally. Again, Mr.. Hatch is altogether too shrewd
not to know that, in calculating the compar-
atiye present value of bonds bearing six, five,
or four per cent interest, the greater value of
the larger interest for reinvestment each year
must be considered. Sixty dollars placed at
interest every year will yield, at the e1pira-
ton OF nineteen years, more money than fifty
dollars or forty dollars 40 invested,
and it 10 quite unnecessary to tell Mr..
Hatch, and we trust it 10 unnecessary
to tell tho Committee. that this il the main
New-York tribune., 1876-03-11

fact which induces permanent investors 10 pay
81 ,27O in currency for bond to pay @l,ooo
nineteen years hence, in currency when men
believe viii then be as good as gold. In othef
words, Mr.. Hatch has no right to regard rs Il
loss the difference between $l,27O IN o
currency worth 81 cents OH the dollar anu
81 900 in q currency worth 100 cents OH the
dollar unless he also takes into account the
greater present value for annual reinvestment
of an annuity of $50 yearly, as compared with
one of $50 OF $40.
Behind these objections which are surely
enough to render untenable the position or
Mr.. Hatch, there is another OF even greater
force. There are two classes of investors. In
this country very few persons put away money
with the intention of leaving it undlsturbed
for twenty years or more. Much the larger
class of investors intend, when they purchase
governments or other sound securities, TO sell
out at some future day when they can use the
money with prospect of more rapid accumu-
lation. This class of purchasers controls
the price, both in this country and in Europe,
in every period of financial dlstrlst OF
disaster They are thousands i'll number.
They distrust business ventures which offer
industry have reached more solid basis, to
keep their money where they can get
sat it," They buy governments, or Sc
curities of the sOundest railway or other
corporations, because they believe that
they can sell such securities without much
loss whenever they want to invest again In
business undertakings. Hence 1t is that, In
times of distrust and disaster the competition
of such buyers pushes upward the price OF all
sound Investment securities, while IN times of
prosperity and active spe, ulatlon such securi-
ties are comparatively neglected. But the
people who buy only to hold until better times,
care nothing about the amount ultimately 10
he paid 4: they consider only what interest,
with good security, purchase will yield; and
in such times as these they control the price
of all favored investment securities.
II follows that the Committee will make a
fatal and costly mistake if, relying upon the
specious calculations Of Mr.. Hatch, they sup
pose that four per cent bond would Drihg
par in gold That class of buyers who con-
troll the price think only OF the annual return
and not at all of the sum ultimately to be pad.
They believe that governments VIII steauliy
rise i'm gold value, as the country moves to-
ward specie payments; that their bond VIII
probably sell, whenever they wish to use their
means once more in business, for at least as
much as they give; and meanwhile they can
get nearly five per cent on their investment.
Offer them a bond which yields less, and they
will prefer to buy railroad, State, or municipal
securities, or French five per cents Neither
Mr. Hatch nor the Committee can repeal the
laws Of tnaicc.
New-York tribune., 1876-03-11
PERSONAL.

The Rev. DR.. Deems has accepted an invita-
ton to deliver address before Emory and Henry Col
lege, Va, next June.
Mrs. Florence Knox Of this city, who has
been studying under Warel in Paris for the past two
years likely to make her appearance on the ope.
rate stage.
Miss Susan b. Anthony denies giving author.
fly the statement sent from Council Bluffs through
the Associated Press pportng 20 give her version Of
the Beecher scandal.
Mr.. James Parton's petition TO the Massa.
chusetts Legislature for special act In egaze his
riage has boon reported adversely by the committee
which had 1t In charge
Ex-Secretary Belknap's sister, residing at
Kcotuk, Iowa, received from him the following dispatch
last saturday: DO not lose moments sleep my
account shall come ont all right yet"
The Rev. II. B. Ridgaway, ID. d., formerly
pastor st. Paul's and 81 Jamcss Methodist Episcopal
churches of this city, and OF Kingston " y, has
been selected Of the preachers before Cornell Un
yersity for 1876, and VIII preach April ..
Prince Leningen, who so brilliantly dIstin-
gushcd himself in running down the Mstlctoc, l.
to be appointed flag rank The command Of the Vic
toria aud Albert will It stated be given TO Commodore
Sir Wam " W. Heurtt, h. c. b., senior officer on the
West Coast OF Africa.
The possibility that the publication Of the
geological surveys Of Prof Hayden may be suspended,
calls forth the following remonsrance from Nature:
1--WE hear with regret that the publications OF the geo
logical survey OF the Territories by Prof Hayden are
likely he stopped by the partsns OF rigid economy Ia
the United States House of Representatives, II this step
be carried out it WILDE serious loss to the scientific men
Of Europe as well of America TIC discoveries which
have been made by the sa under Prof Haydens direc
tiOn OF the highest value both from scientific and
commercial point OF view, and the hberalty with which
shey have been circulated in Europe by the American
Government has earned the gratitude OF all who care for
tho advancement OF knowledge. We trust that the rl.
NOR Is II II be true, We hope that voice OK
rcmonstrance will go forth from Europe Toe POSSIBILITY
OF "A political change putting an end To great naOnat
work Ike that OF Prot. Hayden illustrates one Of lhe
ygorat flaws in the American Constitution the cancelns
OF all Government appointments at the election OF new
idpur
New-York tribune., 1876-03-11
NEU STATE SVRUET.

Our Coast Survey, now approaching hs Coh-
pletion. deservedly ranks rs one OF the most
accurate and thorough works OF the KIND In
the world. But the same system of exact sur
yeyIng by triangulaton has never been ap-
nlied IN ony portion of the older States, the
maps of which arc quite useless for the deter
minaton of questions concerning properly. In
Europe the greater crowding together OF the
population, the disappearance OF ancient ahd-
marks. and the closer supervision exercised by
the Government over the people, have leu 10
surveys which accurately and permanently de-
fine all State, municipal, and private D0un-
daries. In Germany the official maps are also
Typographical in character, giving such minute
details of elevation, soil, rock, and forest, that
they become invaluable as military guides.
Since these maps have been completed, law
suits in regard to boundaries have practically
ceased.
The want OF a survey OF this character mas
long been felt in our State, and the necessity
for il is increasing with every year. The early
surveys of property were notoiiousiy lnaccu-
rate. and the landmarks, often OF a transient,
perishable nature, are beginning to disappear.
The description of the lines and boundaries OF
estates, in old deeds, can frequently be no
longer identified, and this must give rise to
greater confusion the Oftener property
changes owners. In Westchester County the
mistakes i'll the original estimates oil
areas sometimes amount TO ~ per cent,
while on one railroad line of 30 miles
they average ! o per cent. This inaccuracy con-
ficts directly with any fair assessment OF
taxes, and often in such a way as to relieve
a .,b. ng nj nf a
posing an unjust burden upon those OF another
part. In Yonkers, it has been ascertained that
525 acres escape taxation altogether. Inns
disproportion will increase with the value OF
propcIty, and the remedy which il Is now pro-
posed TO apply will become more difficult.
Such survey, III fact. is an imperative re-
auirement of growth and the subdivision OF
property which accompanies it. Since 1t must
needs be undertaken at some time, 1t seems
both prudent and economical to begin it now,
when the uncertainties TO be settled are fewer
than they ever can be again.
We are glad to see that the matter has been
taken III hand by q number of our intelligent
and foresighted citizens. The American Geo
graphical Society strongly recommends 1t, and
n plan, embodying the features of complete
and uniform survey of the State, was laid before
the legislature by Dr. Hayes on Wednesday last.
Whatever objections may be raised on the
score of expense Will he mitigated by the fact
that the work VIII of necessity advance very
slowly, and thus require no Immediately large
disbursement. The estimate OF Prof. Pelrce for
similar work in Massachusetts shows that the
cost of the survey to our farming districts would
probably not exceed 10 cents an acre. On the
other hand, there would bo great and posi-
tive gain to the people in the diminuton of
litigation concerning the boundaries of real
estate. and the farer allotment Of taxation.
New-York tribune., 1876-03-11
THE Duly or THE HOUR.

When the Union League speaks ir earnest,
il is the most powerful political clfb in this
country No loyal man will forget che glori-
ous service that il rendered in times OF ma
tional trial. Even in its greatest error-and ITS
members now seem to realize that 1t was
an error TO reflect President Grant
this organization had immense power.
Most heartily We rejoice, therefore, to find
its acknowledged influence exerted braycly on
the right side. In the resolutions adopted on
Thursday night the Union League speaks the
will of millions of voters. If 1t will put forth
all its power. with determined purpose TO give
effect to those declarations, il will do even
more to save tho Republican party from de-
structon than it did in the proud days gone
by TO secure the victory for the cause OF free
dom and justice.
A party run by the bread-and-butter brig
New-York tribune., 1876-03-11
PUBLIC OPINION.

There is one way the Republicans c,I,ueus. can s%S'
rho wind out OF the salts their Democratc ,xsep
Nv for Grant, Impeachment, and make clean '"''
Of u-lBrooklyn Eagle tDem) h;s
We are conscious that the ieeling, |, ~ Rr.ies T
state IN favor Of the nomination Of Benlamin IL - viii
hs. rerelN ed an immense Impetus, and IN our 'uI
continue 10 streng then. ADRIAN Mich Times 'NI7
The notion does not seem to have YET pemSo psnro-
tr,ted Ory Grants tough hide that here AZ ,neaas
nrIety IN his trading thr-s trsng Gnretts
~ bis botng the Ple.ideprs sbrother-lCmclhu'"' wv
.oanl -
On, thing is certain II the Democracy ~ 20 s..
NOT esct President tp 1876 they mover cs "a never
publican party mover 80 low as rn.'s.i 5undsn
sad the b!ipdess folly on the part OF pemoofs
New-York tribune., 1876-03-11
7BE NEWS THIS MORNING.

FoRElGV.-Tte new French Ministry was regarded
with disisvor by NJ. GamUctta. - WaT began be-
tween Japan and Corea. == A clerk In the Ma
tional Bank Brussels. embezzled 81 100000.
Doursrrc.-E1-Treasurer Sooy of New-Jersey has
been convicted Of embezzloment. == All the pro-
ceedings against Mr.. Belknap are at stop on ac-
coupt of tho witness Marsh's absence. - April IL
Is appointed fast day in Massachusetts,. -
Bshop Simpson. aud Drs. Randolph. Deems and
Hatfield spoke at the closing sessions OF the sunday
school Congress in New-Jerscy. - Frederick
Douglass will make tho OratOn at the unyailing OF
the Lincoln monument April II, at Washington.
g The State Prison amendment passed the Sen
ate -- Resolutions passed IN the House
calling for a speedy trial of Belknap.
CoNGRrss.-In the Senate, Yesterday the bill to
admit New-Mexco was passed the colored people
of the DistriUt petitIOned TO have April IA mace
holiday. ==- In the House, MessrS Willis, Phillips
and Tloskins. and Others made speeches on finance
and currency Mr.. Bass stated that Mr. Clymers
Committee had acted in the Belknsp matter at first
without sending for the Republican members MI
Clymer and Mr.. Blackburn replied.
CuY AND SUBURB N.-The Government has
brought suit against the York, New-Haven and
Hartford Railroad for $500 600 for alleged unpaid
taxes. - Mr.. Moody preached on treasures to be
laid nm in heaven. - Moncure ID. Conway lee
tured on "The English State and English States
men, - Moses Jcsurun, a CustOm-house broker
defrauded importers of $4,000. - Gold, 114l2
114, ia Gold value OF the legal-tender dollar at
the close 81 80 cents. Stocks active at firm prices
marx ct closing strong.
THE WEATHER.--Thc Government weather report
forebodes cloudy weather with light rains. - In
this city yesterday the day was sunny and eIhila-
rating; thermometer, 81" p. 30o. 80.
New-York tribune., 1876-03-11

During the Moody and SGakey meetings. al The Hippo
drome and to meet Tie popular demand for The IRIB-
USKs rerbaiim reports Of Mr.. NOodys Sermons tre 'tH
ssnd IHE DAILY TRIBUNE 10 any address postpo'd for
81 per month. Be means of the fact mail trans SUB
scibers In Alb0ry and Philadelphia, and at 'nerme-
diate points may reocire the Sermons Of The prer'o"
spening before a. M, he he totc territory 'chin the
radius o. ashiRgion, Ccand and Boston IS supplied
during the day. Subscribers in The city and ricinity can
Be rAQnLerla ssrred from any respectable negS stand
New-York tribune., 1876-03-11
amns,menle ono Alseiinqs 60 Nis6t.

..--,,,v ov MrsIc-1SO: "star OF the North" g;
a. pa.e Of Casiile." Kellogg. 1,
- kos kos ~ 9,ts srIK-l:3O AID 7:45: Julius C1ssr
PVVosS TUEITRR.-2 and 8; VARIETY.
ty,r5i AVENUE THE ATER.-1:3O ana >; tlque
q, ,i.pie TUrATER.--2 md s: Variety
p.eE TEE AIER-2 and 9: Brass
90. ERANCtsCO MINSTRELs.-2 aud y. 80 1,-,,,..;o
TWENTY THIRD STREET TnEAIEh--2 ana g. Cai'ioiih"
Minstrcls ,,s..,-
roSy PIsr,H's NEW THEATER.-Na VARIETY ,.,,,
fv,o>. soIr,RP JUFATER-130 and >; " Rose Mloheh
,ck's TuP ,TER1:3O and 5: "She stoops 10 NOh-
quer."
cu,cKFRIs; HALL: Lecture. Prof. q. X. cromwell
sTYfSwAY HALI--Concert. Thomas. e,,,
TSrNTY-sECOSD REGIMENT ARMOBY.-Concert. GILMORE
New-York tribune., 1876-03-11

The rage FOR reform has reached st. Petersburg
where our newly appointed Secretary OF legation
Mr. Gratiot Wasbburne circus agent, ETC., is said to
have resigned OF the urgent request OF his father
Young Mr. Wsshburne will now have leisure " de-
New-York tribune., 1876-03-11

greater one would be to enforce the lying pre-,
tense of the Administration against poh.ic"i
assessments, OF to go still further ana clean
out tho Administration itself which has ioS-
tered this sort of thing.
New-York tribune., 1876-03-11

vote his attention exclusively to bareback mals
and female riders" aud we do not despair Of seeing
him adOrn the sawdust himself some day, doing
the hoop-business, standing on one toe and person
atng Cossack, or Tartar, or some other pic.
turesque person with whom he has become sc
quainted during his diplomatic Perhaps he
may get to be a ringmaster before he dies.
The answer Of Gen. Rufus Ingalls, 60 the cbary,
that he corrupted the President by giving yaluabs
watch TO Mrs. Grant seems 10 us the most complete
exculpatory statement we have seen in long time
"Gen. Ingalls, says" telegraphs the Washington
correspondent of The EroEia0 Post, that its cost
was only $3.50, and not 81, 800; that it lay in TIf
fany's safe in New-YOrk for two years; and that il
never did keep good time" After that last state
ment it is quite unnecessary to say another word
Mr.. BreDtanO has received, besides his usual
supply Of the principal foreign periodicals. copies OF
"The Annual su maries" printed In The London TlD,,
during the past quarter OF century The review Of the
year published By The Times the last day OF December
has long been Ot the striking features Of English
journalism and the collection OF these readable articles
IN single co pact volume gives us chesp and inter.
estng summary OF tine Of events since 1851 not
perhaps as they Will appear 10 tho historian but they
impressed tho average opinion OF the contemporary public
New-York tribune., 1876-03-11

Mr.. Moncure ID. Conway's lecture on the
Government and Statesmen OF England Is
timely at this Centennial period, when we
need 10 know more since we are about to see
more of our British cousins.
New-York tribune., 1876-03-11

The jurors disagreed in the libel suit which
Indian contractor Wilder brought against Mr..
William Welsh of Philadelphia; but they take
pains in Che card. which we print elsewhere,
to give Mr.. Wilder a clean bill of health.
New-York tribune., 1876-03-11

About Mr.. Blackbum.-He grayely sets forth
that no thinks Gen. Boynton has run away
from Washington to avoid subpoena Now
Gen. Boynton has been for years one OF the
best known men at the national capital; and
one of his chief occupations has been making
other people run away for fear of subpenas'
Mr.. Blackburn has not been one of the best
known men at the capital. In fact the capital
knows very little about HIM, and the country
nothing at all. And it is Mr.. Blackburn who
solemnly rises to say that he thinks Gen.
Boypton has voluntarily made a statement and
then run away to avoid proving it. Our
private opinion of Mr.. Blackburn is that he is
q fool.
New-York tribune., 1876-03-11

DAILY TRIBUNE, Mail Subscribers, S1Oper annnu.
SyMI-WFFKLY tribune Mail Subscribers, S3 per an.
WRFKIY TKIBI-NE Mail Subscribers, 81 per annum
Terms cash III advance.
Address THE TRIBUNE. New-forK.
Persons unable 10 obtain THE lRIBUNR ~ Gny@ mo
o,ns boats or hOfes in tCkichu is usually sod ic con-
fe fnror bv informing this ONCE OF the circumstances
New-York tribune., 1876-03-11
Bnsincss NotlGes.

THE PHILADELPHIA BRANCH OFFICE Oh iat l5lb
.,aS, - "a ~ 7I8 Chestnut tOd Masonic Iemplel
c Tions and advertisements received IT regular rates
rus DIy TRIByP served carrier in all parts oI The CITY
New-York tribune., 1876-03-11

The struggle between the CFspin Society and
some of the boot and shoe manufacturers I'D
this city is exceedingly bitter. 1t will not
help the vorkingmen of New-York to succeed
in this contest with employers, since the result
of that will be to drive the industry out OF
the State