New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-10-19

OF these times. Here few significant stat;.s..
IL cost nothing to inaugurate Governor Newel ~.
1t took $500 worth Of pomp and festivity N 49,.
In Governor Bedle In 1860 the State dish,,..
ments proper amounted TO but 5000 900 wbi,a 4.
| 1874 these had grown TO more than sixteen IL
| that bulk, or moro than 1t cost to condnct an
United States Government under the earlier p,..s
dents. The State Prison has been placed On soc.n,
selfsustaining basis, and yet il manages to .hs,.
an ANNUAL appropriation almost three times as Dr..
| as the required for 1860 The Legislative -
pcnses have anphfed themselves at still more ,,,i.
rate and the elastic item OF stationery has strecb.S
from 1868 in 1850 until it reached 81 ,2l8 in1s-,
Figures Of the same suggestive sort are funisbedL.
quoting the disbursements in every branch Of ~.
civil add military service Of the State and the t
payers Of New-Jersey invited to choose betwo.,
a man who has demonstrated his watchful econom,
by signal service in the past and one who bon4,
that his promises to do better in the future viii
mitigate the depressing influence Of proyerblall,
extravagant career"
| Poicy-holders are looking after their rVbts I,
| life insurance companies threatened with the an
! pOlntment of a receiver. A point which has been
strongly urged in these columns is now beginn,n,
| to be perceived as essential. Ii would be wor.s
| than useless to follow one-half Of The tribune.
| plan for saving weak companies, and leave cut tbs
other half; to scale down the policies. but let tia
management revert to the hands that have already
| guided the concern toward destruction. The Charter
| Oak Companys policy-hoders, at Columbus, Oho
| held meeting recently and discussed this phase ~
the subject. brief account of the meeting is given
| in a letter which we publish to-day. Tia
resolutions passed recite particulars of a cor.
respondence between the former managers andth
unhappy policy-holders in which the latter desir.
to reorganize the company as a mutual concern, and
ask the managers to help in procuring the requisite
! legislation. The managers demur. SO the policy.
holders propose 20 scale down their policies only on
the condition that legislation be obtained to the
company mutual one; otherwise the concern may
go to a receiver The chief difficulty in these nego.
tlations appears to be the unwillngness Of the old
managers to sacrifice their stock in the concen;
stock which they have made almost, if not quite.
worthless. A court decision that such manages
have no rights which policy-holders are bound to
respect. would strike most people little more than
plain justice.
"Cleopatra's Needle" during all the thirty.
| four hundred years since it was hewn ont
of the granite-beds of Syene, never en-
| countered such remarkable adventure as
now Taken down from its second place at AleIan-
dria-cradled In a new cylindrical vessel designed
especially for i-oated past the Pillars Of Hercules
and far out on the unknown seas cut adrft in q
fearful Storm and left, composites vessel OF
the Pharoahs, to be borne whittier the great ocean
currents might carry it-hen found again, and safe
ly drawn, let us hope, to its new home,-is there
ANYTHING more strange ana picturesque IN the hsto
~ Of any human monument The faith Of Mr.
Dixon the contractor in defiance of the declaration
of a captain who appears to have been both tmd
and wanting in judgment--sInce, if the gale
overlook him on approaching Cape Fins
tcrre. why did he rot put into the
port of Vigof has been singularly justified. With
in few hours after he declared his belief that tho
floating Obelisk was not lost came the news thatH
had been verify found. We have special reason
for rejoicing since IFS loss might have Jeopardlzed
the securing of ITS fellow for our own city. Andn
the great heavily -freghted craft had continued to
drift on the open ocean, dangerous to vessels IN
the night as any rock reef il would have become
a new living Dutchman-a mysterious terror OF inc
sea. IL will reach England. enriched for all tune by
q fresh association as marvellous as 1t was unex-
pected.
Ii is to be hoped that the Administration VIII
avoid all appearance of impetuosity and preepta-
ton in making the appointments for the New-loH
Custom House The historical sadness OF the retro
spectiye corpse stands like obelsk Of warning 70
incautious people who are tempted to get IN hurry
x-----------