The Morning herald., 1877-01-13
EprrorrAL vAnIErIn.

EDIToHIAL vAnIET1HD.
Whoever would have . correct idea Of
the spirit which Senator Sherman brings
to the Louisiana question, will do we'll
to read carefully the discussion between
himself and Mr.. Bogy, on "wednesday IN
the Senate. The Senator from Missouri
convicts the Senator from Ohio Of arrant
partisanship throughout. He demonstrates
that Sherman used Government clerks to
copy his own party side Of the evidence /,
that those clerks or others threw obstacles
in the way of Democrats which made 1t
impossible for Democrats to get Democratic
testimony copied; that he produced in the
Senate periured evidence that he prema-
turely forced the discussion in the Senate
in advance of the printing Of Democratic
afidavits, and that, throughout, he has
played the part Of attorney and advocate
for the Returning Board. Is this the sort
Of person by whom Mr.. Hayes desires to
see his claims championed?
TIE credit of the city of Baltimore, on
a test does not prove as good as we would
have supposed. A loan at five millions at
5 per cent. was authorized, at not less than
par, and guaranteed against taxation. The
proposals for this loan were opened on the
I'd inst, and all the bids, as We learn from
the Sun, were rejected, not coming up to
the requirements. Indeed, the amount bid
for aggregated about sl,ooo,ooo at s@3
per cent. above par, and the commissioners
deemed it best for the city's interest that
none should be accepted. The needs for
which the proceeds fthe loan were design
cd are not pressing, and circumstances will
govern future action in the matter. Bal
timore's per cent. loans are now selling
at 112 and in demand, and it was for the
redemption of one Of these, redemable at
the pleasure of the city since 1875, that the
new loan was in part designed. 1t is be.
i:eved that, could proposals have been in
vited for the new loan at the time it was
projected or authorized, some months ago,
it would have been taken promptly at sat
isfactory rates. The political complica-
tons that have since arisen. it is said cause
great caution to be exercised in the en-
ployment of capital, and, it is understood,
caused larger proposals to be withheld.
The president of the Reading Railroad
Company gives notice that the Offices Of
first and second vice-president and general
superintendent Of that company are dis
continued from the 10Th instant. John f..
Wooten, who has for several years filled
the office of general superintendent Of the
company on the line Of the road, will here
after be the general manager, with his
Office al the general Office of the company
in Philadelphia, where and to whom all
departments except those of the treasurer
and chief engineer will report. There is
to be a superintendent of transportation,
to have charge Of all train service on the
main line and branches. Mr.. I. C, Zulick
is appointed superintendent of canals. The
chief engineer will discontinue the Office
of principal assistant engineer and the
general roadway Office at Pottstown'
and divide the territory of the com.
pany into five RESIDENCES, each
under the charge Of resident
engineer. Transportation and roadway
paymasters' Offices will be annexed 10 the
treasurer's department. These movements
and changes are all in the line Of greater
economy Of management, as suggested in
the annual report Of the managers.
The annual statement of Mezsrs. Wells
Fargo & Co., of precious metals produced
west Of the Missouri river, is peculiarly
interesting, as showing the great increase
in the yield of silver. In 1875 the yielc
Of precious metals was $o0,SS9,057, thu
greatest then ever known in the history
of the country, but that for 1876 show.
an increase ofS9, $50, 1856, Or a total of $780,
S75,l73. Of this increase only S2,5S3, ,454
was in gold, being an increase 10 silver O
$7,462,762. These figures show that while
the yield Of gold within the last six years
has advanced only about 25 per cent. the
yield Of gold has advanced in five year.
fully 400 per cent.
Conversation at Table.