davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-17

fiationists would not defeat all hopes Of re-
sumption.
More promise currency means more distrust
Of capital less means for the support Of indus
try, and less employment for labOrers. II means
robbery of workingmen and of those who have
saved earnings, because the dollars in which
wages or savings are to be paid will shrink.
1t means peril for all business, because alarm
will seize all available capital, and because de-
probation of United States bonds will threaten
the existence of all savings banks and
insurance companies. Whatwe need is more
confidence. Any initiation would give MS
less, when we have too little. Nobody
lending would know what the dollar lent
would be worth next month or next
year. Money would hide. Labor would suf-
fer and starve The miserable demagogucs,
who advise national dishonesty as the best
policy, will be trampled into the dirt if the
people are honest or sensible, but they will as
surely be tramplcd into the dirt if their advice
is tested. 1t will prove to be fatal as well as
knaViSb
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-17
ASlrLNnS R1NN RENcrE.

The trustees of the Long Island Savings
Bank, having obtained permission from the
Court, have now rcorganized the concern so rs
to close its accounts without the interference
of receiver. OF the depOsitors, "a per
cent agreed to the terms of settlement pro-
posed by the trustees this is a large percent
age to bring to any agreement, when it is
considered how widely scattered and diff
cult of access many of the depoSitors
of n savings bank must always be- and what
the chances are OF finding utterly obstinate
people among them. The terms of settlement
gave the option of 50 per cent of deposit
within sixty days. or To he paid in full 10y IN
stalments scattered through two years. This
settlement gives great joy to the good people
of Brooklyn, who have felt the failure of the
bank as IA disgrace, since several Of its managers
are of prominent social position. As the COM
promise was voluntary on the part of cred
itors. it relieves the trustees from any accusa-
ton of dishonor in the management; this was
the more desirable because the Bank Super
intendent had been inclined TO question the
rectitude of some Of the past transactions of
the bank 1t is always fortunate 10 be able to
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-17

Mr.. Bland, Of Missouri, is no doubt person
Of excellent intentions. He means, if We right
" apprehend the purpose Of the bill which
bears his name to be public bencfactor.
That is to say, he means to scale down every
dollar of debt to nincty-two cents, and save
every debtor eight cents on each dollar he
owes. The creditor class, Of course, he does
not consider, except as the enemies of social
order, and consequently to be rcprcssed and
punished. Nor does he consider the fact
that the laboring man who earns 81 a
day will have to accept 81 81 under
the provisions of his bill, as having
any special pcrtiuence Mr.. Bland knows
only that with the present currency it costs
97le cents to pay dollar Of debt, and is la
bile shortly to COS, 100, ard that by simple
act Of legislation such as his bill embodics,
the business can be done for % cents. Know
ing this he proposes TO have the 90 cents es-
tablishcd as Il fall dollar by law, and the
eight cents margin saved to every man who
has a dollar in his pocket. There is, to be
sure, a little confusion about the matter; for
Mr.. Bland is the champion of the poor man.
and his bill is the poor mans boon, and yet
| the poor man doesn't have the dollars
in his pocket whose value is to be en-
HANGED, and the rich man does have
them, and he makes 50 20 of them
pay for $40 worth of the poor mans labor.
This, We say is, on the face of it, a triAe con
fusng but that is the trouble with all ques-
| tons OF finance in the minds Of people who
have not, like Mr.. Bland, grappled with the
subject somewhat subiimey and mastered It's
minutcst details. iie has 10 difficulty what
ever about it. His theory OF finance isn't at
| all intricate or involved. Nothing could be
| simpler 1t Is, foT governments and individuals
| alike, simply, "Get as much and pay as little
" as you can; don't bother about how YOU
edo it; only do it," And as for currency
with him it is as simple as party politics. and
as easy as making Democratic Platforms all
you have to do is to keep making promises
so long as any body will take them, and let
| those who take them whistle for the fulHl-
ment. Nothing easier or simpler. Why can
not the Government do with the currency
what the Democratic party habitualIy does
with its platforms: keep the promise III cir
/ culatiOn perPetuaiy
So long as silver was worth more than green
backs, Nj. Bland WAS in favor Of greenbacks
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-17

dispense with the dragging Of respectable cit
liens through the mire.
There can be no doubt that this compromise.
by rescuing the bank from the wreckage Of A
receiver, has been great saving 10 the de-
pOstOrs. The destruction Of assets i'm rcceiveris
hands is not quite so great with broken
savings bank as with q life insurance
company. Twelve out OF the sixteen
savings banks Of New-YOrk that re-
ceivers are now winding up, have paid
the greater part of all the dividend that is TO
be hoped for. The average of this payment il
trile over 80 per cent. Possibly 10 Der
cent more will be paid by some of them.
laklng experience and estimates together,
% per cent Is about what may be ex-
pected from broken bank and a receiver
But this range Is wide, since It in
cludes such scandalous examples rs the
Third Avenue Savings Bank, which has Maid
only ID cents on the dollar, and will nav
little more. Compared with the average. the
management which has secured 50 Der cent
to most Of the dcpositOrs in the Long Island
Savings Bank, and 100 per cent to those Of
them that can afford to wait, must be consid-
cred fcIiclt0us.
Yet while we sympathize with the pleasure
of the Brooklynites in the restoration of their
good name, it needs to be pointed ont that
better management would have prevented tho
loss in the first place or diminished il after
ward. The mistake of building q costly hank
lng-hOuse az a speculation. when there wa,
little or no surplus over liabilities in their
Golfers, was inexcusable. The trustees were
doubtless influenced by the furor for improy-
ing real estate, which ragged at that period
their mistake was one which most of their
townsmen were then making But almos.
equally grave was the error Of not closing the
bank when the deposits began TO fall of. That
indication of decay should always decide
the matter at once; it is not like a
run" on the bank, a temporary thing from
which it may recover. If when the bank bad
T3,0O0,000 Of deposits, it had found de-
fciency Of say, $4,000, the loss 70 deposit
Ors, upon promptly closing, might have been
only per cent. If, even, the determine
ton 10 close had been arrived at while the bank
had still f2,O0O,000 on hand, it might have
paid 81 per cent to ali its depostoTs, OF. on a
basis similar to the present settlement, % per
cent to three-fourths of them, and the rest in
full. There was no good reason for dragging
along, with no better future in prospect, ill
the deposits fell to 100000, and a "ruu
brought matters to climax. The lesson is
one winch managers Of savings banks viii DO
well to heed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-17
EYpENSLTE LCON0NT

The scheme of the Democratic demag0gues
who are now attempting to reform the finances
Of the world by cnacting that nine shall be
equal TO ten, is exactly in the line OF the policy
which the Democratic party has pursued ever
since it gained possession OF the House of
Representatives. Asa preparation for the cam
paign Of last year, the House insisted upon Il
wholesale reduction of the appropriations, and
then went before the country with a
great cry of economy" the falsehood
of which the leaders trusted would not
be discovered until after the election.
II WAS that easy sort of economy which a
man practises when, instead of curtaing his
expenses, he merely refuses to pay his debts.
There were a hundred avenues of extrava-
gance in which the pruningk knife could have
been applied with great benefit to the ser
vice. There were departments in which
clerks for whom there was neither use
nor room had TO be slowed away on
shelves; there were offices created only
for the purpose of giving somebody a
salary; there was enormous waste and malap-
propriation III the collection of the revenue.
But real, thorough, and systematic retrench-
ment was troublesome. and involved reforms
which the Democracy had no mind " make.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-17
WITH SUPPLEMENT.
THE NEWS THIS MORNING.

FOREIGN.-Civil war is deemed probable in
France == The Russians suffered heavily in the
TsceLt attack on Fort Azizie, near ErzerUm. ==
TIE Montenegrus have captured the outer defences
OF Antiyari. = The French Ministry has resigned
absolutely; the Constitutional Senators refused to
Support it.
DoNEsuC.-The Silver and hnt-Resumption
Bills may 90 over until December; hard
mcuey men believe that il will be adyanta-
geous to defer action until the Administration
csn speak in the Presidents message =- The
Reading Savings Bank the Dime Savings Bank and
TIE banking house of BushinQ ~ Brothers, all of
Reading Penn, closed their doors yesterday. ==
The Meriden, Conn, Screw Works were burned @=
There are a few cases of yellow fever at Jackson
yille. Fla. the epidemic has left Fernandina. -=
Enough votes have been counted out in West
chester County to defeat Senator Robertson in the
Nth Senatorial District.
CONGREsS.-In the Senate, petitions against the
mOnetzltiOn of silver were presented. resolution
OF inquiry IN relation TO instruction to agents Gnd
malshals for the seizure Of property adopted.
BIZ. Davis called up his resolution for the appoint
ment Of commission to inquire into alleged dscrcp
sucies III reports Of the Treasury Department, es-
Yecially between 500 and 1871. He supported it
in a speech and debate followed. == In the House
Deficiency BIZ was reported, and The Resumption
Repeal Bill was debated in afternoon and evening
session. Mr. Garfield making a strong speech in favor
of resumption.
CITY AND misunderstanding physician,
yesterday, further described the of his death
- Robert l.. Case in his cell in the Tomb5 de
clared himself innocent of any intentional wrong.
81 Martyn Paine, in an elaborate and
curious viii, left his property TO Harvard Col
loge -- An injunction granted in another
suit against the Quicksilver Mining Com
pany. == The Methodist Missionary Com
ulttee continued IT'S consideration of appropra-
lions. .== A slight reduction was made in the
0f Eighth Avenue Railroad employees. --=
Gold 1O2l2, 1925, 1929. Gold value of the legal
tender dollar al the close, $3.50 cents. Stocks dull
srd higher but closing lower and weak
The WEAuER.-ImBUNE local observations in
dictate occasional cloudness with littlechange Of
temperature. Thermometer yesterday, IS &c, o.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-17

We PRINT elsewhere full report of the strik-
ing speech on Resumption delivered by Gen
eral Garfield yesterday III the House Of Rep
rescntatives. No speech has been made in a
long time which exhibited such a high degree
of courage. for General Garfield is the
leading Representative OF the State in which
pretty much the whole population, honest
and dishonest men alike, have been seized, at
one time or another with financial madness.
None has been made III the recent history of
resumption debates in Congress which is such
a complete aimOTy of weapons for the friends of
honest money. There is scarcely one of the favor
tie falacics of the inhati0nists which General
Garfield does not turn inside out, and yet he does
it so good -naturedly that the most intemper-
ate Of these men can hardly resent being made
ridiculous. General Garlield's cit ttlOn of au
thorites is complete. He counts with linn
every President. every Secretary of the Treas
my. every writer of deserved emincnce he
puts in the cearest possible light the reasons
which compelled the issue of the gTeenback,
and the reluctance with which consent was
given he eXplOdes the ialacy that the volume
of the currency is too small, and shows
lust how much Judge kelley's eloquent
allusiOn to France is worth he proves by
a chapter from the history of England how
these epidemics of imitation heresy recur at
regular intervals. But perhaps the most con-
vncing, and therefore the most useful, portion
of General Garield's speech, is that in which
he proves by the statistics of the savings
banks and the insurance companies that
the creditor class-the bloated bOnd-hold-
ers-aTe not the rich but the poor This
class includes the rich, but it Is made up, to
vast extent, of the people with small savings
and the masses for whose protection the inna-
tonistS pretend to be bowling would suffer
most from the adoption of their theories. The
speech is full OF such good points. 1t ought to
b. widely circulated, and read by every man
who even suspects that there may be an iniia-
ton bee in his bonnet.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-17
NETWORK DAILY TRIBUNE, SATURDAY,

general well managed, and in construction and
ventilation was supposed to be a model. But
the long immunity from accident which had
been obtained by following the regulations
seems to have given a false sense of security
which led to their partial neglect.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-17
amusememio ano filectlnoo Go Night.

AoGsENY OF MUSC-2: Concert. . c.
BosgH's THEATRE RpNan-Winkle'" Jeherson
s. Under the Gasiight." ,o, wi, -,
Psi AvTTTE TgEATRE-2 and : Lady Of Lyons
Nyuo's GARDEN-1:3O aud :; The DrunkaTd.s liome'
PAgE THEATRE-2 snd : me Crusheu II"sc""n'
BtN FRANCISCO MINsTRELS. , and :. ,,
DrssN SQUARE THEATRE.-l;3O ana - Inc "o'"e'
Serct" - e,...oy
AxyRrCAN INsTITUTE-Annual Fair
CBzrxEpING HAIL.: Miss Helen Potter
I<RKyRfNG Halls: Mr.. and Mrs. Harold Power
a. sOVE's GARDEN-2 and : Circus and Managerle-
NV AMERICAN MUsEUM-Day and Evening
Ntn-YOEK AoUAMUN-Day aud Evening"
sutNwAY HAIL.: symphony Matinee. Damrosch'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-17

A London letter on another page gives the
details and analyses the causes of the recent
fatal colicry explosion in Scotland. 1t will be
noticed as coincidence, that the fre-damp
explosion day before yesterday Ut Scranton,
PENNSYLVANIA, endangered the lives of about
the same number of miners, though fortu-
nately only four died in the mine. With
regard to the Scotch disaster, which ranks
in loss of life second TO only one of the kind
on record in Great Britain or America, it is
the more remarkable because the mine was i'll
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-17

The Sudden collapse Of the Savings Banks
of Reading, Pennsylvania, mentioned in this
mornings dispatches, is probably due to a
severe run" There is little doubt, however,
that the weakness to which they nov sue
cumb had its origin in the losses and bad
investments Of three or four Yeas ago.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-17

The success which the Montenegrins are
meeting with in Albania appears to be as con-
slant as that which they attained in Herzego-
yina. The capture of Antivari, now imminent,
will give them access TO the AdriHtic, and en-
able them to rectify their frontier in that d-
rection. When the day of settlement comes,
they may fairly claim that they are entitled
to the territory they have won Russia cannot
honorably allow them to 20 WIewarded
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-17

The will Of DR. Martyr Paine Will certainly
take its place among the most curious of tes-
taments lie seems to have devoted the
same care and labor to the directions for the
distribution Of his property chat he gave to
its accumulation, and his regulations are ec-
centric in their eXactness. This little estate Is
dedicated to the work Of education, and is at
the same time cOnsecrated by such touching
manifestation of natural affection, that the
professional squabblers in the SuTogate's
Court should lift their hats, and let it pass 10y
In respectful silence.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-17
gn0cr 10 ADVERTISEMENTS.


AxusTMEvrs-9h PGcc-5th and 9th column.
R1SKING HOUSE AND BANKERs-sh Idoe-oth column
RNEKRUrT NOIEs-9M PdQe-5tn column,
R0aRD AND ROoNs-qh PG0e-ith and 9Th columns
osaL AND WooD-7h Pgge-3d column;
CORPORATION NOTICEs-7h Page-3i columns
CeiNTHY BOARD-9M PGGe-4th column.
EfNCING ACADBNuES-9h Pdqe-2i column.
BvrDESn NoTIoEsysh Pa0e-Gih column.
nay GoODs-9h PGge-4th column.
stSNNCIAL-sn Ta0e-6th column.
FoRNrTURE-Sm Pd0t-Gth column.
IaIP WANTED-7m PGOe-4th column.
In CREAN-9fh IGgC-5th column.
lnsrerCTION-9M F0Qe-lst and "a columns.
lTcIUgEs AND METTINGs-9h PJge-6,h column.
loST AND FOUND-7m PGge-5th column. ,
MARRIAGES AND DEAIlls-3h fdce-pth soi, COZ, IL, z.h
REcrILANEoUs-7h ragged column ION Fa9e-otn
xTSics a. ISsraTSTNrs-9n Poqc-Gth column. o.,.
Hsw PUmIcAuoNs-6h PGgc-3d Attn, ON ana ON
columns Oh Page-lst column
PtOPosArs-7h Page-ith column ., ..,.., .
EysL ESTATE FOR SALE-CuY-7H PdQe-3d column ;
RECOGNIZABLE PdGe-3d column; CoUNTkl-'W Idge
Sd column AUCTION SALEs-7m Pdge-3d column
R1IiGIoGs NoTrcrs-a@ Poge-8d ana 4th columns.
knis BY AUCuoN-9h Pa0e-6h column.
Swings Il ANRs-SW P0Oe-6th column.
sFECIN NOTlCEs-5h Page-6ih column
B5UATioNs WANTED-NALEs-7h Poge-4th column ;
ss,TfoSfRY-om Page-2d column.
kaAMBotTs AND KAmRoADs-7t Paoe-5th and 9th
a1EASFRs. OcE,x-7h Pagc-5h columns.
TLAcHERs-9h PGge-2d column. 49,.
t. LET-NITY PROPERTY-7h PQge-3d column COuN
zEY-7h Page-3d column.
10 WH0N IT MAY CoNcERN-9h PdQe-5th column.
DkIY TRIRUSR. Mail Subscribers, 80 per Snnun.
SEMI-WEFKIY TRIBUNE, Mail Subscribers. 50 per an.
NEEELY TRIBUNE. Mail Subscribers - per anuum.
Terms. cash in advance
Uptown advertisers their favors for THR TRIBUNE
Gi.236 BroadwaY Slstst or SOS W. Zjds cor oAFe'
BRANCH OFFICES OF TIE TRIBUNE.
NAsHINGTON-No. 1886 F-sf.
IONDON-NO Is Pail Mall. :. w.
PARIS-NO. - Rue de la MOnnaie.
NUW-YOHK-No 1,23S Broadway, corner Thirty
frSt-st.: No. sos West Twcnty-thrd-st.. corner
Eghth-aye. No. $50 Thrd-aye., corner Forty
sfventh-st.; No. 2.3s6 FouTth-ave. lHarleml
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-17

The Toledo post-oilicc quarrel still RACES. Mr..
Reed. the appointee has sued for libel The sun
day newspaper that cspouscd tho -iie 81 Mr. Dow
Ing the old postmaster. Mr. Bowling claims that
ne was removed without cause. aud insists that the
Senate shall not confirm Mr. Reed. The net
political result Of the change IN the office vas a loss
# about 1000 Republican votes IN Toledo and
Lucas county at the October election and o bitter
i-sensiou that promise, 60 last Tor long time TO
come. Moral for the Administr;ion-Stic % your
theory of no removals save for cause. and no aD-
pointments save for merit; you can never tell
what disaQeeable consequences may come Of dis
regarding il in even a single instance.
1t is little droll 10 find senator Eaton much In
love with Electoral Commission. that he proposes
20 establish one IN every state. Last Winter no
was among the most vehement opponents Of tho
commission provided by Congress 20 settle the Pres
idrntial dispute. Now bis remedy for future trout
blos Of he kind sa petty tribunal at every State
capital IIis boards of state Commissioners would
resemble very closely the Louisiana Returning
Board We are afraid the har-headed Democracy
of Connecticut will begin 20 suspect that their sen-
ator can no longer be depended on for pure and TN
dchled Bourbonism.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-17

The Tammany leaders have carried out their
project of counting III Mr.. LatheTs IN the lAth
Senatorial District The Westminster County
Board of CanvasSers threw out, yesterday, 21O
votes cast for Judge Robertson, on the ground
that they had not on the back the words re-
quiIed 10y law. This left his majority i'll
WeStchester County ut PSI votes and his major
ity in Putnam by the official canvass being
1913, his total is go. The majority of Mr..
LatherS III R0ckland, as shown by newspaper
figures, is 6S1. This would give him, in the
whole district, eleven votes over his OPP
ponent, but at the Tammany Hall meet
ing last night his election was claimed
by more than a hundred votes. 1t makes
little difference, however, what majority Mr..
Lathers Is able to obtain 10y this manipulation
of the ballot. Judge Robertson was elected
by the people of the IXth Senatorial District,
and VIII be seated in the place to which he
has done so much honor by the
incoming Senate MIR. Lathers will get
ali the notoriety Of an attempt to
do some political shopifting and then fail to
keep his prize after all.--Ihe Westminster
Board did thorough work while they were
about it. In precisely the same manner, they
counted out the Anti-Tammany Democrat
elected to the Assembly f.Om the lst District,
and counted in the glib and ambrosial Am
brose II. Purdy. The Assembly may have
something, also, to say about this case
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-17

Mr.. Purroy is certainly the most candid and
most mbluShing exponent of the demands of
party regularity in existence in these parts.
Most men in public positions reserve their
views on this point for private circulation, but
Puuoy is not ashamed of anything
even Of Jones's broken jaw. Yesterday,
when Mr.. COnover was discussed Mr.
Purroy said he had taken pains to
find out Mr.. COnover's politics. He was
Irregular" said PurOy, and then he added
triumphantly that the Mayor had "come
Ground (which will please the Mayor. Then
he closed this precious debate with the deca-
ration that "every Democrat is independents"
This one certainly is-of all considerations of
public decency.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-17

The retirement of the French Ministry prom
ises to end promptly a crisis which had be-
come almost uncomfortable Their retreat Is
due primarily to the Constitutional or Orean-
1T Senators, who informed the President that
they would not agree to a second dissolution
This decision on the part of the group "
which held the balance of power, conveyed
~ NJ BOcher statesman of the old school,
appears to have spread dismay in the MIN
istry, and constrained It's leaders, De Broghe
and De Fourtou, to inform The President that
they must retire, the pretcXt being that the
Chamber may refuse to vote the budget While
they retained office. The President tired to
secure their aid to form new Ministry
but. with better Judgment than he dis
PLAYED, they declined that task, referring
him to the members Of the Constitutional
party in both Chambers. After this capitula-
ton there ought to be no difficulty in forming
Ministry acceptable to the Republican major
ity. But while pilot so dull and perverse as
MacMahon is at the helm, there is always
danger ahead.
Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1877-03-01

Fun for the Boys. Next Mon
day Bro. L. NJ. Nash will proceed to
discharge an obligation incurred, viz
the payment of an election wager.
During the hot election days, the
parties, Mr. L. NJ. Nash and Wilbur
Cochran entered into this novel agree
ment. Mr.. Nash, feeling it in his
democratic bones that Tilden woald
win, agreed to wheel Mr.. Cochran
from the Valley r. r. Depot in Cen
tralia across the river Co Grand Rap
ids, in a wheelbarrow, if Hayes should
be elected, while Mr.. Cochran feeling
it in his marrow bones that Sammy
would be scooped, agreed To perform
the same pleasant duty in case Tilden
should be the winning horse. Now
that the contest has virtually closed
Bro. Nash proposes to pay, consequent
ly look out for a wheeibarrow load oil
live Republican meat, trundled along
by live bundle of Democratic meat
with a heart in it as big as a meeting
house. A military band will proceed
the procession, and there will be "fun
for the boys