davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-19
the GL1NGnW EINK TIILrEI

The report of the investigator, uuon The
conGItlon Of the City OF Gla-g"w Bank, whose
recent suspension ha- caused 80 much fihIn-
,lal disturbance Throughout Great Britain, and
even in the great money centres on ,hC CONT
nrnl. was given 10 the public yc,t,r-
DAY. The statement show, a total los. of -,
IgO.9s3. The amount of gold rs security fol
notes was oycrStatcd by from 100000 10
G3Oo,OOO, while the reports OF sccm,Ics and
bullion ON hand were likewise grossly mis-
represented. To complete this wholesale faisi-
lication, the amount of money lent was under
stated, and - ,3lJ, 1857 III bad debts were rep
resented a. available assets. Enough has
thus been published to disclose the most dis
crcditdblc, not to say criminal management,
and if disastrous panic, such rs followed the
failure of the Western Bank, i'll the same city,
i'll 1857 does not occur II will not be because
the financial shock produced Is any the less
severe. Fortunately there has not been, dur
ing the last three or -four years, any such
initiation of credit ~ that which caused so many
old-cstablIshcd houses to tumble down like
IA row of bricks with the overthrow of the
Overcnds and the Collics, but that does not
excuse the managers of the Glasgow City
Bank for having lent to each of two firms II
larger sum than lts entire capital and reserve,
and to third nearly ms much.
A few more such failures as those Of the
Western and Glasgow City Banks will com
pletely destroy the reputation for conservative
management and greater stability, when COM
pared with similar institutions elsewhere,
which Scotch banking has enjoyed for nearly
two centuries of careful administration. The
causes of the later and greater failure are
almost identical with those which brought
about the former The Western Bank I'M
1857 had displayed the same lack of pru-
dcnce, and was obliged to resort to similar
makeshifts TO maintain its credit. II lent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-19

money for the dollar in Government money.
What did the Government create, then
Nothing. 1t USED its credit. The people gave
to that credit what value they pleased. ii
they had pleased to say it was worth nothing
the "moncy created by Government" would
have been absolutely worthless.
This is not conjecture. The thing has beeh
tried. Our fathers tried it, when they first
achieved independence-and their continental
"moncy" became absolutely worthless II
Government could create no value then, how
can it now The Southern COnfederacy tired
it, and ITS "moncy" became absolutely
worthless. If one nation has power to "create
"money,r so has another. France tried 1t,
and the aSsignats became absolutely worthless.
China tired 1t more than once. and III the
end every kind of money" created by the
Empire became absolutely worthless. That
is. the pretended money" became no money
at all in these States, in the Confederate
States, in France, in China, and III we know
not how many other countries Is 1t not
plainly proved that Government can create
nothing except credit? Its credit it can use,
like an individual, and like an individual, IT
can destroy that credit 10y bad faith.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-19

Oy,rcrowding on the ears of the East Side Ele-
yated Railroad has already become more mon
strous evil than II ever was on the Third Avenue
Surface Line 1t il true that the responsibility for
this AZ ate of things rests III great measure upon the
PASSENGERS themselves majority of whom will
submit to almost aLy discomfort for the sake of
saving ten minutes. 1t is impossible TO crowd the
platforms III the old horsecar fashion without cx-
cessive bloodshed; and accordingly when the pas
SIDEWAYS are packed tight and the platform is as
full AS it can be without imminent danger Of the
breaking Of the guard-railings the conductors are
instructed to admit no more passengers except To
take the place of those that get of But when they
attempt To enforce this rule they are confronted by
the most violent opposition from the crowds wait
ing ut the stations. Fierce struggles take
place over tho closing OF tho gates. The combat
Is often prolonged after the train has actually
started. People tho rear press forward and force
those in front OF them to tho very edge of terrible
death 1t is useless to rail at the parsimony Of the
company in not running moro trains while the
people beg aud fight for adnissonto cars which are
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-19
UfS PELTON ONLY LYING

Some of the good-naiurcd friends of Mr..
Tildcn suggest rs possible answer 10 the IN
qulry everybody Is making, where Colonel Eel
ton obtained, or expected to obtain, the large
sums of money he agreed 10 pay for various
electoral votes, that Pclton was probably lying;
there il no evidence that any of the promised
money was ever paid or deposited, or that it
would have been forthcoming If the votes mad
beer delivered according To contract. or that
Pclton intended that It should bc forthcoming.
To this theory there are three rather lormida-
bic objections
|. Ii is difficult 20 understand the object OF
the long, elaborate, and costly corrcNpon-
dcncc in Geographic cipher II no practical
result was to flow from It. That Mr.. Pclton
wished to cutrp the Returning Board officers
into a criminal bargain merely IN order TO
expose them. l. ncouccivah,c, unless lac wished
To cntIap Marble, and Wooley, and Smith
Weed at the same time. Moreover, the bar
gain irGS made and instead of exposing It
Nh Pclton and his accompliccS at the
other end of the telegraph ware have kept
"a profound silence on the subject ever since.
fl it be- SAID that Mr.. Pclton may have hoped
To induce these Returning Boards 10 cast
their vote, for TIldcn 10y promising them
money which lac did not intend To pay the
answer is that according to the terms of the
contract the money wa 10 hc deposited III adj
vance. "Win deposit dollar, agreed re-
Piled Colonel Pclton 10 Woollcy's proposal
for the expenditure of &" half of - mndIc"
"thousand dollars" "cannot however draw
before vote member received Note, 10 be-
"dcpo-itcda~ parti,, Lcc'p tclcgraphcd Smith
Weed, land gwen up upon vote OF land oi
" Hampton beng gwen 10 1Ildrn's friends.
OF course 10 make such an agreement with Il
corrupt board, and then to fail IN it, would
insure their vote, not beng given 70 Nh
1lldcn.
,. In the Oregon case. where Colonel Pcltou
agreed to ply 5000 for the purchase of
"a Republican clcctor.' it is III evidence that
the money was actually sent to Oregon,
and was not actually paId only because 1t
arrived too late or else because the Republican
clcctor would not take II. The fact, IN tins
transaction were proved before a com
mittcc Of the United States Senate. a,
well ~ by the testimony OF the cipher tcl,-
grams. Colonel Pctou obtained - 600 from
a bank in which Mr. Tdcn was u stakeholder
50. 600 for the bribery OF the Elcctor ana
SD, 600 for cXpcnSc--aud the money Was
transferred by telegraph to the agent, Patrick,
who had negotiated the contract
>. Smith Weed, having batganrd for the
purchase of the CIuya,>lug Board OF South
Carolina and arranged with to,oncl Pciton
that "-afc man. should meet him at Bar
NUNS Hotel in Baltimore with the money,
went to Baltimore for the purpose OF Keeping
t!i, appointment, and Immediately on his NJ
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-19
Jnoer 10 ACCOMPLISHMENTS

ANT.tNtNTs- 81 Td0e-jth and 6ih coluDns
BANkEtrt NoIi,I--Qh 0Gs-3d column.
BOARD ANp KoOMS-9M Pdgs-jth column.
BUsINE,, NUItCLs-iM Pd0e-lst column.
COAi NNu WuOD-gh IGQc-ith column.
COINUTNfRSHiI NuTICts-~N Pd0e 81 coIuWh'
CONFIRMATION NOTiCt~-Nht PGgc-Jih coiu'h''
IIEOFFAN NORTHUMBERLAND Pdge-ilh COiumu
IUENIiIRL-9 IGgc-5th column
fINANtIAt.-SM InOs-:}u COUnu.
CRATE. AND FENDEKS--h Pd0c-Sd co'uunh
HLAIEi,s- NM Idgs-3d column.
HtIr NANIfu- on IGOs-iih column.
HOBBS on TdGe-5th column.
uoTsES AID FARMS WANTED On FGJe -Olh coIuuH'
ICk CKtAN-gh IGgC-I tu column o.. ,.o.
INsIEI tIioN GM T0gs-jh and Cth Columns ~" i""
LIST column.
LAW RgHOpI>-9H PdOs-lst column.
ItCTIKLs AID MEETNGs-SM IGQc-bth cOiubin
IOsT ANB lOUNI- 9m Y60c-ith co uinh -,
MARRtE AND StNIF MANIELS 0h F00f-"u coIuinn'
MAIKtAcIs AND DEATHs-jU fdge-Oth colunh ~
MIsCFIIANEoUs-gM PdQc-4th column lVm IuV'
9th and 9TH columns. ., .,
MUsycAI lN-rRuMEST- on PdOr-Gth column -.
NV PUBL, ATOMS Gh PdQe-3d. 4th ana ON columns
KF.t EsTATE FOR sALE-f'uY-eM Pd0t-4th column /;
RyoOKIYk-sn Idge-ith column; COUNTRY W
Y0gs-ith co.umu: AUCTION sALis-sh f0Ve-f'h
column. a., --,....
srlCILi NOTICES 81. FGOe- on column 49, -
STU ATOMS MANILu- " GLkS-Hh Fd0e-Slh columh
FEMALES Oh tGde-ith ro unn.
1FlCHERs- on YdOe I'd column. go -
To IET-CIIY PROPfKTN--h fGGe-4tn co'uu'h
COUNTRY-SM I00e-5th coumn.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-19
Asm'Dork Daily gribna1e.
FOUNDED BY HORACE GREELEY.
SATURDAY. OCTOBER 10. 1878.
WITH SUPPLEMENT.
me NEBS ms MOANING.

FoRrIGN-The armies in Bulgaria and Eastern
Roumclla are commanded 10y Russian officers. -
Great damage has been caused by the overflow
of the Bormida River IN Italy. == The
report on the Glasgow bank reveals great losses
and enormous frauds. -- The debate on the third
reading Of the German socialist bill began ye>tcr-
dav
poME,rc.-Thcre were light frosts in the
yellow fever States yesterday morning. -
Montgomery Blair has made a statement about
Mr.. Tilden Ia a TRIBUNE correspondent :;
Secretary sherman and Judge Tyner have also
given their opinion of the Tildcn letter. -=
The Treasury is accommodating coin so fast as
now 10 bc fully confident of the success of
resumption. =A nephew of Augustus Schell has
been drowned in the Hudson. == The reports Of
the Surgeon-General and Conmissary General
have been filed =- The Hartford, Providence
and Fishkil Road has been transferred 10 the
New-York and New-England Company.
CITY AND SUBURBAN.-GeOrge William Curtis
Henry Ward Beecher and others said yesterday
that Mr. Tllden's denial was unsatisfactory. --
s. b. Ch;ttcnden and W. h. Lyon were nominated
for Congress by Brooklyn Republicans. -= Tam
many Hall has decided not to postpone its nomi-
nations any longer. == The forgeTies on the
Union Bank of London discOyoredin this city are
extensive. =- The Montcalr and Greenwood Lake
Railroad has been purchased in the Erie interest
- In the Vanderbilt will case the
question of time was considered =-
Gold lOO9,r. lO09ls, 1OO12 Gold value Of
the lcgal-tcndcr dollar was $3.50 cents.
Stocks active. first weak and lower aud then
ernc and closing strong.
TIE WrAIHER.-TRBUNE local observations indl-
cate cool and rainy weather. possibly followed by
clearing weather Thermometer yesterday 50
TO- 5lJ.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-19
THE TeIsryA,S sH0RT CArECHISM

If the CIPHER dispatches are forged, what
responsible person dares to so ASSERT
Ii a single important dispatch has been at
tributcd to the wrong person, what one OF all
the coparccners has the courage to name that
dspatch2
If any one Of them has been wrongly trans
lated why does not the person by whom IL
was sent or the person by whom 1t was re-
ccivcd produce the kcy7
If anybody thinks the TRANSACTIONS cTone-
ous. wholly or in any part. why does he not
will fiji
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-19

Mr.. Clarkson n. Potter declines the rcnomi-
nation for Congress in the Wcstchcster Dis
trict. This is good for Mr. Potter,
since the Republicans would probably
have made his election impossible. 1t Is
a lsO good for the country, since il gives MI
Potter an occasion to write letter more
sound in sentiment and outspokcn il language
than Democratic constituencies often get.
1t il hard money to the core, and some old
points are presented in new guise and with
novel force. Take, for instance, his Illus
tration of the folly Of repeating the
Resumption Act. of a lad were forced
Into a river far too wide for his young
Strength, but which at some time in his life
che must pass, and should by fortunate circum-
"stanccs lust succeed in crossing the flood
"untll he could touch the other shore, he
Knight well feel indignant at those who had
80 treated him. But surely it would be better
" for him then to wade ont to the dry land, than,
" because of this ill-trcatmcnt, to insist on be-
Z" ing carried back TO the further side 10 wait
" there until he had grown older and stronger
before swimming the stream. Having once
" cot over TO the desired shore, no mat
ter at what cost, he had better re-
main there" There are some things in the
letter which Republicans will not readily ac-
cent, as there have been some things in Mr..
Potter's Congressional career which his friends
profoundly deplore. In spite of this IT is Il
pity that man so able and independent
should be withdrawn from Congressional
work. But for his wretched mistake in the
matter of the Potter Committee we should
he disposed to call his retirement public
uislOrtunc
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-19
Duelnces NoIfee.

Coins. COTGHS. Catarrh, Consumption and
all Diseases Of head throat ami successfully treated 10y
pr r. H. HRINTHLNAN. 10 last l+thsi.
PERFECT GARMENTS.
The ide, that Cnl, peicc' garment can De CD
tanned will forever leave Nuur orders "h IAf
UAsTS 4 90. junction of Sd and lthINt,
IELAND'S STURTEVANT House, Broadway,
2Sth aud 29.hsts-DesrGbc rooms ioi permanent 1AHh'
Par0r for with board from 80 10 -. pei
week single rooms with board. 40 week Hud UiN"fI
ra>ct rates with board. - 30, - and - % per DAY
rooms only 81 per day and upward
WIBOE'S COD-LIvER OIL AND LINE he
great popularity th~ safe ohgaCuuS Iit dtl'd =
alone atIbut able 10 It's intrinsic worth iuth" cur" .h-
colds asthma. bronchitis. who cough sci"iuloi~ u"
and All ClnsunutiyC symptoms. IL has no superior. IL cPH"
Let neglect the rarY symptoms OF disease men n
agent which will al complaints OF tt S's'
lungs Manufacture only bv A Il NlLiot OIel
isi Boston sold lv all druggists.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-19

jack Frost has grappled with Yellow Jack,
and TO that tusslc there can be only one end.
Montgomery Blair thinks Nj. 1iden Is so
far above the possibility of cipher dispatches
that :" it is surprising that he published card
disclaiming all knowledge of them" Well,
when all the circumstances are considered, 1t
is surprising-that's fact.
The property owners on Forty sccond-St. do
not propose to be sold out by IA Board of AL
dermcn of such easy virtue as the present,
without a struggle. They have organized TO
oppose the further progress OF the road, and
from the spirit with which they begin, 1t
seems not unlikely that the company will lose
the money it apparently invested III the neigh
borhood of the City Hall.
The exposures thus far made 10y TIE TRIB-
UNr concerning the Democratic cipher dis
patches. have been collected into an eight
page Extra, including the detailed explanation
of the ciphcrs, with the full account of the
Florida, South Carolina and Oregon dis
patches and negotiations. II is for sale this
morning at our counter, or is forwarded to
any address for 8 cents. or at the rate of 81
per hundred. Orders should be sent in early,
as the demand has already proved enormous.
II was fortunate circumstance that our
correspondent in the Connecticut River Valley
was college professor who could give an ac-
curate scientific account of the great apple
glacier that is now grinding Its way down
that valley. His account of the devas-
tation worked by the progress of the
glacier, the locomotive snOw-plOughs having
hard work to push their way through
the fields of apples and the meadows beng
oveIfowed with cider. may lead some of our
charitable citizens TO organize a relief COM
mittee. or the Governor may send regiment
or two of the National Guards to help the
inhabitants in eating their way out.
Secretary Sherman, in giving his views upon
the cipher dispatches, draws a parallel which
ought TO bring a blush to the checks of the
Potter Committee. He contrasts the treatment
which he received on being accused of writing
a brief and harmless letter which has never been
produced in public, and the treatment which
is accorded to Mr.. Tilden and the other persons
implicated in the terrible accusations of the
ciphers, by even the Republican press. And
the Secretary adds force to the comparison
by insisting for himself that the accused
persons should have every opportunity to
clear themselves. and that there should DO no
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-19

hasty Judgment Whereat the Potter Com
mttee-if its members can blush at all-might
blush a little harder.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-19

This is one of the years IN which the equnoctiil
storm has been postponed on account Of the
weather. But while escaping from the wild
tempest which is annually expected with
some apprehension. the country has been
visited with what is an unusual affection in
this latitude, a parchlng drought in October
Wells have been empty for weeks. the
beds of considerable streams are absolutely
dry. and the pasture lands, which ought
still to be at their grrcncst and furnishing their
most nutritious and productive yield to the dairy
farmer are bare and brown As If burned over II is
perhaps matter Of comparatively small
moment that the foliage many wooded
hills is less brilliant and striking in color
than we hoped 70 see, owing plainly To the fact
that the leaves have wthcrcd prcmaturolr, instead
of ,pcniug into crimson and gold. But II is well
enough to have our entire growl ont at
once, and then be grateful Ton the rain
II comes too late to gloriiy the woods
to increase the slender stock of giltcdrrd October
butter But # there is enough Of it, to sdturate the
ground and supply those hidden reservoirs
which feed the spring, and streams be-
tore the Winter frosts transform the surface
of the earth into a waterproof casing, this
Will be worth at least one DAYS Thanksgiving
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-19
amnsemenls ano a,estnse 90 Night.

poorU's Tur ,TRE-" Henry Will
bkoIIwA1 IHkATRE-" Louis Nj
TuIu AyTNUL InEATEt MudleSRa
g.kK fuk NrgE-" Baby " and " Hutrcanes'
$50 TEa~rts,O NTNsTRELh' OFLRA HOUSE.
IstnN sol AuE IHEAIHi "a" Mother aud son. a..
W.ItA,k'~ THFArKk-' Road 10 Ruin and school, 10Y
RcandaL"
ACADEMY OT DT-IGN-I0au Exhibition.
ANTRl, ~ INsIITUTI- Exhibition. 49,.
GIINuiI'- GAHBLN- Barnums Show. DAY anu -''h"'
Nav i,Rk ACT ALItN-DaN ana Evening ,,.t
SriINwAI HNtI-Aha7i Grand C0ncert MaLnrr.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-19

General Merritt makes Il temperate state
mcnt in regard to the kid glove decisions
Ii seems to show at least that the
question is not wholly without second
side. Whether the recent decision Is right
or wrong, there i some reason 90 think
that the Collector was shut up to the course
he took. Where two valuations have been
fixed, one 10y the Merchant Appraisers and
another by the General Appraiser. the cstab-
lishcd rulings of the Treasury Department
give the Collector no chance TO make a new
estimate of his own. He must accept one or
the other of those laid before him. General
MClItt'S interview sets forth the reasons which
induced him to prefer the General Appraisers
valuation 10 that of the invoice sustained 10y
the Merchant Appraisers. The scnsitivrncss
shown by the merchants concerned is not to
be wondered at All have borne the highest
regulations. and the house of 4. i. Stewart
4 Co. in particular mas been sgnally free from
all question or complaint at the Custom House.
There can be no doubt that ii believes itself To
have been acting entirely within the law in the
present instance, and proper regard for the
high character it has dcscrycdly won, "a well
as for the vast interests involved, warrants
it in the most active work To defend and
maintain the integrity of its conduct.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-19

Jack Frost has grappled with Yellow Jack,
md 10 that tusslc there can be only one end.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-19

Nobody can read the long talk with Mr..
Charles W. WOolley, elsewhere reported,
without recognizing two facts. First, Mr..
WoOlley is not sneakingly trying TO lie out of
his dispatches like some of the rest. And
secondly, he Is dreadfully afraid to say
word on the subject, lest he s"ouid
say too much. Nobody can read tins
juicy interview, either, without being con-
WINGED of the substantial accuracy of The
TRIBUNEs whole story. Mr.. Woolley is so
badly scared about it that he has taken legal
advice IA TO whether he is cTimlnally respon-
sibe for the facts. He also says that he
has had plenty of politics. That's also the
way Marble feels just now, to say nothing OF
PcltOn and TIlden. We shall have very con-
Tossing and explanatory time among these
people yet. Woollcy has only begun.
That was striking commentary upon Mr..
Tldens card which a well.known Demo
crat made yesterday in the courts. This
" distinguished man. said Mr. Scott Lord,
whom Mr.. TIlden once proposed to nom
mate for Governor, might have said
I" to those about him, Go and do certain
q" things do not let me know anything about
lit ! am not to hear a word OF IT myself y
George William Curtis throws out the same
idea when he says Mr.. Tildcn must
have been ignorant on purpose; that
"is, fearing that something of the sort would
be done, he RETAINED from knowing what
"was done" But the average cOmmon-sensc
OF the people will hold that this view is too
charitable, severe as it is. The negotiations
which resulted III the suggestion of the shrcwd
legal devices which were contemplated III
South Carolina, and which eliminated i'll the
case of Oregon, in statement that the obi
cation was incrcmablc slightly. If necessary
obviously enjoyed the direct personal super
vision OF Samuel }. Tilden.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-19

Montgomery Blair thinks Nj. 1ilden Is so
far above the possibility of cipher dispatches
that lit is surprising that he published a card
disclliming all knowledge of Them Well,
when all the circumstances are considered, it
is surprisng-that's IA fact.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-10-19

Now let the Republican cipher dispatches be pro.
duccd, translated and published. If there was any
Republican crOOkedness in either of the dis
puted Southern States in 1876 that will
be disclosed by the translation of cipher
dispatches which passed between the Republican
managers and their agents, The TRIBUNE has
never desired to have it covered up, and we now
call especial attention to the letter which Mr.. Vii
liam f. Chandler wrote to Governor Cox, a mem.
Der OF the Potter Committee, on this subject, aud
which appeared III yesterdays TRIBUNE. Mr..
Chandler is the man in the North
the Republicans in Florida TO secure the vote
of that State for President Hayes, and when
be expresses the belief that full investigation
even by partisan committee like that over which
Mr. Potter presides, will amply vindcate the in.
togrty of the count there, he places that committee
in position where II must either make such an in
yestgatOn confess to the country that it has
accusation to prefer against the Republicans in
connection with the Florida count. Let rs see now
if the Democrats will join with TIE TRIBUNE
in turning /" the keen, bright sunlight of
publicity" upon all transactions conducted
through cipher kilograms otherwise dur
ing the counting of the votes of Florida,
South Carolina and Louisiana. good be-
ginning could be made with Mr.. William
l.. Chambers cipher dis patches. which he has been
anxiou. to translate ever since the Potter Commit
tee was appointed.