, 1877-03-21

AuNtAu EEIiaHssOn NHu OILY HG8CEIltlAnk1 lHAnkH
him for l,s c,,logy on hero, ti,ongl, . lcro of
the shadow; aud n1.1s that, though tic Chief
tain'a children lnvo taken their place N tho
s.inshnc ~ rccnpting tho immortal truths Of
ist Tor tl,cir ances.or to respect and admiration
dse to truc courage.
GREAT DRITA1N.
TIE UNIVERSITY uoAT-RAcE.
LoNpor, March e0.-1lctttng on tho Oxford
and Cambridge boat-raco Is oven.
rnoross7loN TO 1NvRsr1oArE THE LONDON
Lospox Mase stGcK nia zSf'tSef tle House Of Com.
nous Reginald forkc moved that an adslrcss be
presented tho Queen urging for the appoint
.nent Of royal communication to INQUIRE in,o tho
r @ @See,' e Isno sttk E4ssse 5
motlc q transacttng business In and in conncc-
tton Will. that institution and whether sncl cx-
isttng rnlcs1 customs, md mode Of conducting
nstSss Dtc ~ acsSra,se viii! I'ri1siples tat
wise llor Majesty in what respect they might bc
llcnct1clally altered, and l,oN far legislation
might he employed for TINT purpose: Sir STAT
ford NOrtlIcOtc personally opposed the motion,
but tElc Government remained neutral.
UNITED STATES sEcrnl7,Es n ENGLAND.
uaied states tat pl"s se'riie,, ~ie except GoYernot
honis, lsae been heavily depressed; ailt scarcely
anything ta.n be sntd at this moment nnless ut
"panic Frtces." The announcement that o Re-
Central: coming 90 .eoun after tbc collapse Ut
Philadelphia i Reading, naturally broke down
The last remnant Of confidence; while The cn,-
harrasscd stato OF nust Of. the coal lines, the
that honesty in American raiiroad management
Is chiefly "conspic,luus by It's abscncc" ~
oil tho causes have combined TO scare
ysst9}rs }s, an tic r., 1esult It.. a, tat
rhcttnctl with ordcra to sell. 70 crown all, the
news came on Saturday that The supreme Court
Of tho tnitcd States had given decision in tho
m.'Nrangrr cases" adverse 70 the railroads.
1ccturtng the Tints, declares that this decision
cnnblcs the Western Legislatures to conf{scnte
the rnisroods.. We advise our renders not to bo
sasa o gnGat Or ~ asl9s reG OF
tant; but powerful railroad companies In tito
United States understand perfectly we'll how
10 "lnnnfpulate" Statt Lcgtslatures. Lobby
as as much eiance oi conilscation of the rossis
as there is OF MASSACHUSETTS, rcputffattl.E her
debt: America Is tho land Of compromises, and
the Wcstcr companies will very soon come to
ers." Tho Oh jcet Of Tint Association Of grali!-
producers aud far1ners was largely political,
anl certainly they have no interest IN destroy.
lug the railroads ot their own States. They
but little bit Of concession and }ndlctoas man
agcinent Of tho Legislatures will soon smooth
away this difficulty. That Is all TINT there Is
OF the .'GrangeF question" in relation to the
bonds have to make up their minds that soseral
Ut tho chief Itiies ate IN trouble; TINT decline
IN traliic and general management havo tcrfous-
ly crippled them, md that for aoine tlmc to
will 10 looked upon. with tlistrust. Prob
abty VIC stall i!car Of one ur two other great
failures before this storm Is over. but II any
boly supposcs that American resources are e1-
hut1nf nf0N
wealth OF tho land arc "nlaycd out,' md that
all railroads Ii Tho United States arc rotten,
anu tho bonds now 10 ont uf favor will como up
IN price nhain; Il anybody suRposcs thts, w en-
Ills temporary seelaision from, tho world, under
proper medical advice, rather tian for Ills taxi
Inn part in its aiIaIss. Tho Presidential quus-
Dm T. nov aFy G1t Of t9 T, and SD,d Is
anca removed, aud with tho evils Of MI inilntcd
currency altogether abolished, there will inevit-
ably be great ana general revival OF trade IN
n iii 1s 1"tS a s sse'es q .Sa1o sa i' IT, rafGsas Il s
hu, Of course, TINT tic recklcssncaa As.l
inprndeneo Of tho post may have llopciessly
crippled two Or three rail1oads; wc essnnut say
no "o,italIer" knows nr,ythlng about II. Bus
ills VIC 10 know, tint ''ups and downs nre
moro sudden and sooner over III tho United
states than they are lcFc, mud that ~ less than
ts'seo moths tic w4ule condition Of l,usiuess
rnny completely cl,augc. We also assert thnt
tlo prospect - to-'Ay brighter than IL wus, and
not darktr. III word. VIC nlYise hOldGrs Ut
scctlrltacs which hava tren bought with dtsccr1l-
nletlt aud under reasonable good adyloc to do
what VIC should 10 ourselyes-stand by them
Tor the proscnt at any rate. This advicI ID all
the t.loro rational, seeing that any attempt to
sell at thfs uHnlcnt OF general and tunnltuVus
srare Ia followed by full Of from to 1u per
cel1, whit ~ tilo chscs OF tnany tonfohgly Goou
Thc hest thim,s 10 ID Il 10 gct indoors and iie
,,,,tot mi t1,r s},,u,or "a nvar -
sur1,,e.r an, u. .,,na.r