, 1877-01-06
The Gold Market and the
Silver Bill.
How Mr, Tilden Looks at the Presi-
Dental Complication.
The Ashtabula Dtsaster..-Life-ln"
surance Muttefings.
Peter Coopcr's Call on Commo-
dore Vanderbilt.

Metropolis with abundant Btlow, anu plenty o1 |
slciEhs to be hal at tho ratio al 50 per honr.
The number of these vehicles gliding nbolt, ut
those rates, wnuld gtyu u,io very Inadequate
i.Icu OF tho strngcncy Of thu titncs or N ts'o
decreasing aspect of political nt1aLrs. 1t must
be admitted that New York docs nut fcct exact
~ ruined yet There are many wan and woe"
berone faces to bn seen, many men aud
women out Of employment, much misery
chrpnclcd in the collmns OF tho news
papers. 2pcrn1ators On tho bcas side Vi
tho market aro preaching the slow but
sure dccay Of tho city, gro wing out Of tho fact
that Vanderbilt las four tracks to his railroad,
while Scott and Garrctt have only two eaclt.
The Asitabu1a disaster caused the old year to
90 out In gloom mt less disllcartcning thnn
TINT tnspirc.l by tho recent Brooklyn Horror
The political situation Is far from renss'irt''g
even now; yet In spite Of MI drawbacks there ID
confidence, universally starcdr that VIC afe OIL
the eve OF better times.
TIE FINANCIAL CRISIS
Inns dragged Its torpid length along three years
md thrce months. Few, urcn OF the
oldest croa1;cr., would havo predicted ~
| long a stretch of continuous grinding
times. Tho expected rcvtyal bus seemed to
show Itself at intervals, but wlIcn everybody
was beginning to congratulate everybody TINT
relcf was coming at last, prizes have fallen oil
| a fraction more, and a new crop OF failures Ina
been harvested by tho mercantile agenrscs.
Among tl,c signs Of improvement NOW, tho
must Important is the rise In tho rate of inter
est to 7 per cent, Implying, as II docs, re-
| newell demand fur tho lse Of capital AL
though tho ratc mny fall baek somcwfat after
tho disbursement Of tho .1anunry dividends,
am pcrs,,atlcG that money Will command better
rates through tie present year than Its ayoraEc
sluce tho beginning ot 1Ss4 nn, II thts proves to
bo tho case, It Will demonstrate TINT tllc
profitable cmploymmcnt of cutItal Is nsatn rc-
turning to bless tho land, nnd to Give living
vaucs 10 tho laborer. Thu fouls paradise u{
. pcr cent intercst Inns been tried etfcctnally,
and to tho prime disgust Of tho workingmau.
TIE counsE or TIE GOLD MARKET
has batltcd thu wisdom Of that numerous class
who think that the prosperity Of tho nation Ia
intimately connected nnd bound up with tho
success uf their party in tho Presidential clcc-
tlon, Or the Stats election, or tho town election,
OF sumo other election. Ot nil the things that
could happen In political wny to "scnd guild
rp," nothing could possibly havo happened 81
| well calculated to that c1tl as q
,iiaputcd Presidency. Much gold was
bought ut lux within q few days days
succeeding tic election, on tho hypothesis
That 1iltlcn ard civil war, or Hayes anil military
,tes,,otis,,, wcrc coming In, md II, either caso
. TINT liberty WIS going out. The inscnsatc and
perycrse market fell steadily to l0', where 1t
remains u heavy as Il etonc-quarrs. The precise
rcason for ttlts Ia that VIC have been lattcEy ex-
porting moro produce and merchandise than NJ
hare been i1upurting, and the balance llns been
coming to US In gold, whtcl, gold l1us to lc sold
like any other nrt!elo Of which there Il an over
s. supply. II tho panfc-ntrivken politicians had
bought at tint was offered, anil wero unio y
;, hold 1t, tito prirc would laye remained nt ilo4
y hut, ~ tic supply exceeded tlIe demand. 1t nat
y urally fell. Tho eventualty much ycarncsl fol
. by iii. William D. Kelley and other phoso
:, piers for commanding to RESUME SPECIE Ias
ine1.ss- c., hala'Ico OF trade ia our faynr-
! : rcrha1s lily arc intending to begin With
i TIN nl,nd Silver iii. wl;ct, passcd the IIous
:, with such a losecness, laa met check !n n!
- ticnate III IN unexpected quarter. ~. CrTnuseh|
~ ttlc Frcnel, cconon,Let anil champion ba.mstal
l. hitler by tho Silver Commission, Ing, hcitove
III convinced tho s,cnato branch Thereof that ftwou
g be Inpultu fos the Unitctl States 10 takc scpa
!. that tGr influence IL tho United States might
le very uscfuliy given in urging tho nations .
d Western Europe. to JUN Us In rcAtorlnE q!
!, double Icgat-tcndcr u gold and sll'c. n WI
ii that wuuitl really maintain tic equilibrium
CT tIIu two metals. ru this plan there cla 'c II
he os,icvtlna, and nm nut surprised to llenf thn
~ Dr.. LlIlcrnsnn, DIreStor ui tl!e Ailf' thG r;
III i.s given It Ills rorsItal assent 30, tndnabtct
T. ", viii every gultl.standari man in the cotr'
IN il ST. Ccr,,i.schl llas really accomplished III
E'a Modification Of p'ans among bus !rcnds ho ~
'c- rendered lis EIGat service, and Will pcrhai
!" rcnIcr hIs own cuuntey In tho end create
er one. lie has been ably assisted. learn, by ~
d, s, Dana Horton. Of Pon'croy, y. whose rrsel
nj GluTke 4 Co., OF Ctnrlnnatt>, although SUM
40 what ovcrloadcd with learning, n ona of u
fs most comprehensive anl acuto dlscusslos's
W. tA.s subject to bu found anywhere. :,
hc Against my scientific aestloncnt n thr ally
ch question ,h-fo vii! probably ha goAl yea!
sircchtnaking md general thtasilits ~ u
liousc ot Representatives.. me tl,Gso ~ p
nv, opposu Wall street. meaning thctcby ail "
tfs haye saved ANYTHING; au'l *ceona' t'at y olle
H.. to nut down tho do<srtaaF<', meaning thefe
A'' ali VIM havo studied a'y. particular subject
orlcT 10 Ilr,w something about It, si4ll n
bo surprised II slr. Bland mud his fol!nwt
Ing nally louk unoa n. ceEnalsc1!i ~ soFt u "
nu. Europc,-tho snsnc VII" arc supposcd to ha
takcn director L,ustcrman into their pay In Is
.,nu Perhaps, however. ..-
ns. will aheurb 70 much attention tiurng the nj
u sixty days that a.lvrr AnG Eblu will set very
.lc attcn,!un from Congret*; While efsrylhl
I. FROM Louisiana and Florida y c:a.aanea " y
csitra. anil eager scrutiny, II IL apparrnt u
Tho public sentiment III tho North Is to TO
deciding faetov of tho rontcst, 4 It can b. b. ase
E, tancd what that sentiment Iea'ly H. TWO
Icbt tItiuns OF no1l-partisan character have Ut
~ = - sent to WnshE,lptun-uuc by merchants .
-. Mukcrs IN phiia,lclpta, and tie o,l,er hy 4!
''me cl,4nts asul banticrs III New fnrk. Tic
ny Yurk prIs4 cxtuE them hoth iud!svrinuAtely
III. evl,ci',s patriotism. impartialty, psb!ir sps
.ltsh ctc, 1t scculs tls,t TO hare been noticed
'ang tIcnlar!yth The Phsdslp'!a netiina prote,s
his :a'st auy ist.s%n nsnG saa ar,sr ~ "i' Tni
tantAnIount to dc>'a!ing ts'at, In tue opnto'
the slsuers, the lrrsalng ediscr q tho sen
fht.J II