davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-18

stood. That is what lie ought to have done.
But in lamenting his failure to do it, we are
far from dcnouncng" him or excusing the
others.
1t Is well known thu. when President Hayes was
inaugurated there were leading from this State
who we're unfriendly toward MIN. ard only waited an
opportunity openly oppose him. Was the voice OF me
Republican Senator from this State heard OF MS hi'u-
ence exerted TO sustain tho President ana the hohes
sentiment OF the people OF the Empire statef year
ago. THE TRIBUNE would have placed tho Diane Ia 'is
matter where It belonged.
THE TRIBUNE Ia now placing the blame
where it belongs. The ostensible leader of the
Republican party IS not Senator A. or Senator
b.; it is the Republican President. The
business of q leader is to lead and if VIC find
him at a critical moment forgetting this para
mount duty while he provokes-yes, provokes
is the word-a superuOus and useless dis
agreement with the politicians whose ala IL,
at any rate for the moment, essential TO the
success of his plans. what can we say OF MIN
except that he is not % good leaderY But. you
urge. the Senators and Representatives ought
To have followed him, nevertheless, In carrying
ont the pledges of the Cincinnati platform,
and they ought not to have qunrrelled win
him. Well, that is true; and we have sald so
a great many tines but what OF 1t IheT
del1nQuences do not make the action, or mae
ton. of the President any more judiciors.
The motto of THE TRIBUNE heretofore has been 10 sue
tain our public men when right and to denounce tncni
vner wrong II now, In this instance does ekhctly mo
reverse
That is exactly the reverse of the truth
LET us have square work. Our Representatives arc
respons,c for the silver Bill Dcnounce them, "a they
deserves but GcnOuncng the President upon tho nii5y
reason that he might have made friends win senators II
he had taken different course IN other matters ~ low
ering the standard OF nm influential journal j. A. W.
MorariG. y. l., March IL, 1878.
Has It ever occurred to j. a. w. appropri-
ate name y that 1t is a stupid and Improbable
busincs, for an influential journal TO spend
it's whole time In "dcnouncing" everybody of
whose conduct it dislpproves9 For our part,
while we express our judgment freely on all
public transactions, we do not go into a regu-
lar course of scoldiug unless we hope to effect
some good by il. The term of Mr.. Hayes has
three years to run yet, aud 1t is of great I'M
portance To the country that the Republican
party shall be strengthened during that period
and brought into good working relations with
IFS official head. We offer Mr.. Hayes criticism
and advice because we think he is not unlikely
I'd listen To us. AS for the leading statesmen
whomJ 4. w. apparently wishes lis to bcabor,
we have been knocking them about the head
for several years. and still they are not con-
ciliated But there is no pleasing some people.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-18
JnoeY TO Advertisements.


AMUsEMESTs-3d Pooe-5th and 9th column; ,,,n
RANKING HOUSES AND BANKERs-7h PdGe-oth coIuuin'
BOARD AND ROOMs-6th Pd1c-21 co'umE.
BUSINESS CHANCEs-7M Pd0e-6tb column.
BUSINESS NoTICks-4th PdGe-1st column.
CORPORATION NoTICEs-7M P00e-6th column
COUNTRY BOARD-Gh Pdge-2d column
DIyIpEND NoTICEs-7M PdOc-6th column.
DRY GoODs-3d PaGe-5th and 9Th colnmn.
ETHIOPIAN ADyERrIsEMESTs-3d Pdge-0th Coiu'nn'
FINANCIAI--7h FaQe-3th and 6thcOluinD
FINE ARTs-6M PGGe-2dcoluinn
fcRNITURE-6M IdGc-4th column
ICR CREAN-7M P0Qe-6th column.
fSsrRUCTION-6n Pd0e-1st and "a Columns.
M.pprr AM SLATE MANTELS-6fh PdGe-2f Column
MIRRIAoEs AND DEATHs-5th Pdqe-6th column =,
NIscgIIASrOUs-6M rugged column; sh F0ge-ou'
4th 5lh and 9th columns
MusIC Al INsTRUMFNTS-6M PnCf-Zd Column.
Nav PuBIICA TIOss-6M Pdge-1st column.
REAL ESTATE FOR SALE-CITY-6h PdGe-Olh coIlunn
RRoogIYN-6M PaOe-6th column; COCSTRf-0M
PGgs-5th and 9th columns; AUCTION SALEs-oH'
Paqe-5th column.
HIITs BY AUCTION-6M PG0e-4th column
SAVINGS BANKs-7h PGqe-6th column.
SPECIAL NOTICEe-5M Pdge-6th column.
sITUATIONs WANTED-MALEs-OM FGge-4tD Column )
FEMALEs-5M PdDe-4th column. -, , =,
sTrANBoATs AND RAILROADs-6h PaGe-2d ana ga
columns. -
PrEAMERs. OCEAN-7h Pdge-6th column
JEACHrRs-GM Pdge-2d column. ,
TO IET-CITv PROPERTT-6h PdGe-oth ecOlumn /
BROoKLYN-6m PaQe-5th column CoUNTRf-O"
PaOe-5th column. 49,
To WHOM MAY CoscRRS-7h Pa0e-6th column
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-18

siderable increase in both loans and deposits
payable in specie. The mere increase in specie
held, however does not necessarily lndlcate q
material readjustment of business, because it
is not unusual for specie to accumulate here as
largely during the season of heavy exports ;
thus the increase from November a, 1876, 10
January 20, 1877, was from $4,000 600 to
$40. 900, 900. But the rapid depletion OF
the specie reserve, which has usually
followed the interest payments IN January,
does not occur this year; on the contrary, the
specie reserve has gained every week except
one since December. Nor is this change In the
date of interest payments, through exchange
of half yearly per cents for quarterly AZ per
cents sufficient to account for the gain OF
more than $1O,OOO,000 in the specie re-
serve since January, whereas the banks
lost nearly S16,O0O,OOO during the same
time last year This strengthening of the
specie reserve is the more important because
there has been a reduction of tho legal-tender
reserve amounting to more than $7,O00,ooO
within the last six weeks, and that reserve Is
now smaller by $13,O00,O00 than 1t was at
thss season last year. No apprehension re-
sults "a long us tho premium on gold is SO
small that the banks could use without much
loss their specie reserve in any emergency.
But if the price of gold should advance mate
rally the situation would not be as satisfac-
tory
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-18
PERSONAL.

Mr.. Herbert Gladstone, the exPremer's son,
is lectuung on law at Keble College oxford.
Prince Leopold, of Britain, 1t Is probable,
will receive shoG, lily the title OF Duke OF Sussex.
Madame UeEri Gr6yille, it il said, viii re-
ceve for her novel of "Dosa" the Monthyon prize of
the r. ench Academy tins year.
T%n Prince Rudolph, of Austria, is said TO
pre lent rema;k1l" resemblance Ia prof tn DayiGs
sketch OF Marie-An.ohettc lie is pale, light-haired
young man.
John Severn, the friend of Keats, and the
artist who made quaint portrait of the poet Is very i'll
IN Rome lie has two sons, who also artists aud
very industrious ones.
Lord Bathurst was, before his death lately,
the Oldest Oxford Fellow living. lie had been Fellow of
All Souls College for about sxtyhve years, and is
estimated that no received from this office from $4,000
to 100000
The Rev. James Martineau would like to
the Atlantic It is sald ana to attend the May ami
versaries in Boston, but 1t Is uncertain whether his age
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-18

An effort is being made just now, in this
CITY, To secure the signatures of mercantile
men and shippers TO petitions III favor OF the
Sargent bill, which transfers the Lfe-Saving
Service to the Navy. We have stated before
our reasons for thinking such n transfer would
be destructive to the efficiency of the service,
and would caution our merchants and mari
time men to examine personally the clauses of
the bill before giving their influence in favor
of it, Its meaning, as stated loosely by its
friends in urging the petitions, is that the con-
troll only of the stations shall be given To
officers of the Navy, while, for the practical
work of keepers and crews, coast people,
experienced as surimen, will be en-
listed. This meaning is not carried out by
the terms of the bill, which provides that cx
percnccd surfmen may be enlisted in the Navy
for this service, liable to be transferred to
other duty in time of war, or in such other
emergency "a, in the opinion of the President,
such transfer il necessary to the public SER
vice. Now, the men who man the boats
at present, and who know their own beaches
and the surf thoroughly, are rs a rule, men
with families and small homesteads; certainly
not men who will willingly accept service in
tnc Navy. ENtH III thty Ntlt NililiS w uo
so, another clause in the bill is mandatory
against their chance. providing that all va
cances after next July may be filled by petty
officers and seamen who have served in the
Navy for three years and have received hon.
orabe discharges.
AS the Sargent bill is expressly designed by
their friends to provide short service for these
very officers and seamen, now out of posi-
tions, it virtually will thrust not only every
official but every surfman now in the service
out and give their places to naval officers and
sailors, who may be proficient in the profess
sion to which they belong, but who are abso-
lutcly ignorant of the requisites Of this service,
either in tho bureau or in the surf. The pres
cnt superintendent and crews offer record
of thousands of lives saved annually. When
lives were lost it was owing to the niggaIdly
economy of Congress Our merchants and ship
pers will not be disposed to take the work
from them to give it to naval men and sail
ors, who know nothing about it, simply to
crafty their wish to leave the rolling brine
and end their days on shore duty.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-18

Here is a letter of counsel and rcprOof which
so well illustrates the proneness Of men to get
mad at their own misconceptions, that we
shall print it in full, and inteIjcct few re-
marks:
10 the Edft0r Of The Tribune.
SIR: Having long supposed that understood the
political principles of THE TRIBUNE, am unable TO
account present unfair position ia regard TO Pres
dent Hayes. You charge the passage of that great
fraud, the " Silver Bill," to him,
That is not true
when he has maintained the exact position taken by
the party its platform, and reiterated In his
The President has consistent and right Where
the Senators and Congressman who Endorsed that plat
form1 7hey have proved traitors while he faithful
All that is correct. TIE TRIBUNE has said
the same thing great many times. 1t is,
nevertheless, a fact that, by trying to do a
right thing in wrong and laundering way,
the President has defeated himself.
But The TRIBUNE claims that by his Civil Service
policy he has made enemies OF them In other words,
because he has not achieved complete success IN Civil
Service the leading of the party have become his
enemies, and defeated his financial policy. fnsler
excuse was invented.
Excuse for what, or for whOmY We GER
tainly have not been excusing anybody.
If it is the business Of Representatives TO defeat
the President when he is right because in
they believe him wrong, they had better stay at home.
But whatever Senators may do, such talk
What TALK The remarks above quoted
seem to be entirely original with our complain
ing friend. Certainly nothing like them has
ever appeared in The TRIBUNE.
is wholly of place in TIE TRIBUNE editorials, be-
cause there have expected (as hitherto argument.
But this is "bosh"
Right! This is "bosh.' The logic is like
that of a celebrated Justice of the Peace ::
"PrisOner at the bar, you have received a
good education. instead of which you 20
"about the country stealing ducks" The rea-
condolences, consistency and patriotism of in
dividual Senators and Representatives have
nothing to do with the wisdom of the
Presidents course. We have uniformly
praised the sOundness Of the Presi-
dents theories and the excellence Of his
intentions. We have not been able to praise
his tact and judgment in the practical business
of politics The most important measure of
the first year of his administration was the
financial bill That ought to have commanded
his first attention. And we believe that by
proper management, without any sacrifice of
Civil Service Reform, without any trickery or
abuse of the patronage, he could have brought up
some at least of the weak or unfaithful Repub-
licans to the high ground whereOn he himself
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-18
Nem'2lork Daily Gritalle,
FOUNDED BY HORACE GREELEY.
MONDAY, MARCH Is, 1878.
THE NEVIS THIS MORNING.

FoREIGN-The notifications IF the RussoTurkish
treaty of peace were exchange this morning. -
A new Temperance act has been introduced in Can
ada - Paul de Cassagna, predicts the speedy
return of the Empire in France.
DoMEsTIC-Forged affidavits of mail contractors
have been found in the Post Office Department at
Washington - The alleged list of stockholders
of the New-Idria Company, in which appeared the
names of many public men, is now stated not to be
authentic by the men who circulated it, - Sec
rotary Sherman will not receive subscriptions to
the 42 per cent loan except at figures relative to
the value of the per cent. - Commodore John
II. Graham died at Newburg Friday night. "A
bold bank robbery was committed at East Cam
bridge. Mass, Saturday afternoon. - The panic
among the Boston savings bank depositors con-
tinues - The Philadelphia Press refuses to en-
plOy printers connected with the union.
CONGRESS- Only the House was in session the
enacting clause stricken out of the resolution III
regard to paying Southern postmasters and the reso
tuition was defeated without opposition there was
no other business except of routine character.
CRY AND SUBURBAN.-Judge Davis and William
Z. Dodge made stirring temperance addresses yes
terday - Cubans in New-YoTk discussed plans
to aid the instruction. - Mr.. Beecher preached
on men inspired by God. - St. Patnck's Day
services were held IN Roman Catholic Churches
Arguments against sJcdH Oh INC Icit i>iuc Ncio
made on Saturday. - The Assembly Sub-Com-
mittee agreed to plan for reducing city salaries.
- Theron Merritt, the murderer of Mrs. Leg
gett, was buried. - Gold. 1O1l 1913, 1918.
Gold value of the legal-tender dollar at the close
$3.50 cents. Stocks dull but generally firm closing
somewhat irregular.
THE Manufacturers local observations in
dictate partly cloudy weather with cold winds.
Thermometer yesterday 40o, 80, 3S1
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-18
THE FIVfNCI1L SITUATION.

The most important feature in the business
world last week was the magnitude of sales
of Government bonds Heavy sales are not
necessarily n dishcartening symptom, for If
they show that many are selling, they also
show that many are buying, and if the price
does not yield materially, shipments from
abroad may soon be checked by The strength
of this market. Thus The London
Economist, of Saturday, remarks that United
Estates bonds "have recovered because of
"brlief that there will be no immediate
payment of coupons in silver, and be-
"cause American investors exhibit DISPOSE
"ti0n to take their own stocks at current
"prices.r Obviously, the very magnitude
of the sales, which would be ruinOus, II
continued, may prevent the continuance,
and cause renewal of confidence among for
cign holders During the SIX days ending with
Wednesday last. the sales were $7,O39 900, as
officially reported; on Thursday they were
1852, 600; on Friday $1,272. 900, and on
Saturday $50S, 900; making so, ILL., 900 in
nine days, and $40, 1l7,0O0 since the morning
of the day on which the Silver Bill was passed
a period of fifteen business days. But
the remarkable fact appears that. III spite OF
these large sales, the price of United states
bonds has not declined, but has actually adj
vanced. IT is true That there had been con-
siderable decline after the bill first passed the
House, which has not been wholly recovered.
The following compares London prices of
United States bonds on November 3, the day
before the Bland bill passed the House on
February %, the day of the passage of the
Senate bill over the veto, and on Saturday
last:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-18
THE NEW WAEDEN or THE TONES

The death of Warden Quin gives irs;-rate cr-
portunity of making lirst-rate appointment. No
institution in Ncw-York needs q conscientious Wig
oTo'a. watchfu and benevolent manager more than
tho City Prison, and, il the OLD. ra" of political
favoritism il still to be followed, 70 institution is
less likely to get governor of that sort. great
deal of misery, misfortune and frendless necessity
is always centred under that grim roof. Something,
though not much, has been dono to temper these,
but there is still an excellent chance for
good works there. Tho responsibilities of
Warden are many and various. 1t is his
duty in rhc first place to guard against the systom
of extortion praciscd in the prison, always more or
less OF which, every now and then, the public
hears some startling instance, and hearing. con-
tents itself with declaring that it Is really shame
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-18

DAILY TRIBUNE. Mail Subscribers $40 per annnm.
SEMI-WEEKIY TRIBUNE Mail Subscribers. $3peran.
WEEKLY TRIBUNE, Mail Subscribers, 50 per annmn.
Terms. cash in advance.
Upown leave their favors for THE Rr "
etl,23S BROADWAY 3lsst on JOo W. 23ds COZ oAa e
BRANCH OFFICES OF THE TRIBUNE
NFw-YoRK-No 1,23S Broadway, corner Thirty
frst-st. ; No. sos West Twenty-thrd-st. corner
Eighth-ave. No. 7G0 Third-ave., corner Forty
seventh-st.: No 2.3o6 FouTtl-aye. lHarleml
WAsHINGTON-NO. .335 Est.
IoNDoN-NO 13 Pail Mall. 5. w.
PARrs-No. ~ Rue de la Monnais.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-18
Gnslness Notlces.

FINEST OLIVE OR SALAD OIL, expressed from
tbecboces SFI FTEp OLIVES especially for and bottled by
CAswFLI. HAZARD & CO., druggists Fifth Avonue hotel
Bndnr and ave- 30thst also, No l52 Thames
ST. Newport bottle this oil ourselves We can
bottle DO superior to any DINER sRd OIL IN
market. our only places Of business are as above
LUYTIEs BROTHERS. Newly York, corner West
broadway and Duanest Fine Wines from France Germany
Spain and Portugal. ., 1,-.-..
Wines burgundy wines, boIuvdHA W mes
ManskOpf Guichard PotheieL J. SHrVV
Sarasin. d tlls- ~ "
MALTBY's Norfolk Oysters fresh every day.
This establishment does not advertise in The Newfofk
Herald
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-18

There is deeper blackness than ever be-
fore in the besmirching business known as the
McGarrahan claim. But this time 1t is one OF
the parties to the contest that gets the black
ening Mr.. McGarrahan's testimony that the
so-called history of the claim. with the copy
of the stock book and of 700 letters, is all
false and forged. was sufficiently startling.
But the surprise gave place to a greater, when
Judge Black, the counsel for the Ncw-ldria
Company, admitted that those documents which
they had circulated were quite unfounded.
This leaves Mr.. McGarrahan in the curious
position of the protector of the reputation OF
congressman alive and dead; but whether
that will help his claim, is still an open ques-
ton.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-18

A letter from our Hartford correspondent
gives the latest news as to the prospect Of
legislation in the affairs of life insurance com
panies in that city. The affairs of the Charter
Oak are to go into the hands of the policy
holders. There IL, of course, q danger that
the proxies may be gathered by spectators,
and the control thus slip into unworthy hands.
1t is, however, suggested that such result may
be avoided by requesting each policy-holder to
send his proxy to the Insurance Commissioner
of the State where the holder resides. y similar
method was urged by The tribune in re-
gard to the Universal Company of this city
to send the policy-holders' proxies to the SUI
perntendcnt OF Insurance Of this State. From
the relation in which IA Insurance Department
stands to p0licy-hOlders as the guardian OF
their interests, there should be 10 Jealousy
about its interference. In fact it would prob
ably save confusion and diminish peril in such
instances, if the State Department were to
take an active part in shaping the new organ
iZatiOn.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-18
amusements and Aleetinss 60 Might.

BooIn's THEATRE" Aida"
BROADwAY THEATRE-"The Exies"
FIFTH AVENUE HALI-Heller's Wondera
NIbIOs GARDEN" Serpent and the Dove
PARK THv ATRE-"Our Bachelors"
SAN FRANCISCO MINISTRIES
STANDARD TUEATRE-"Mlgnon c..v
UNION SQUARE THEATRE" A celebrated Csse'
WALLACK's THKATRs-" London Ass'rahce'
CHIcKFRIyG HALL-Leeture. The Rev. H. w. oPauiui"s
Nrw-YOEK AoUARIUM-Day and Evening
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-18

NJ Paul de Cassagnac must be very SAN
guine when he predicts the speedy return of
the Empire in France. The important Re
publican victory on Friday, in the Senate,
tells different story. The majOrities of 60
and 81, by which the first two clauses OF the
Government bill on the state of siege were
passed, indicate Enthusiastically that the Senate
has become Republican, and that NJ. Dufaure
NAV rely, henceforth, upon its support in pro-
tecting the Cabinet against the caprice or
malice of the Executive. This change Is due
Immediately to the split i'll the Orieanst
ranks but it arises primarily from the sta
bility of the Republic and the force of public
opinion. With both branches of the Legisla-
ture now in his favor, NJ. Duiaure can
regard NJ. de Cassagnac's expectations with
complacency.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-18

The temperance movement appears to be
making progress in Canada, inasmuch a bill
has been introduced at Ottawa which will en-
able all counties and cities in the Dominion to
establish prohibition by popular vote. Should
the bill pass, the experiment will prove in
structive and interesting to other communities
studying the best means of regulating the
liquor traffic.
1t is obvious from the Russian advance to
the Bosphorus that the Car is determined to
hold that narrow strait and prevent the entry
of British war vessels into the Black Sea-
He doubtless holds that they can have no bust
ness there except for hostile purposes, and he
considers that it is much easier to keep them
out than it would be to expel them were they
once admitted. He is, therefore, logically right
in holding the key to his Black Sea coast
until the situation is more tranquil.
It is an occasion for general congratulatiOn
that the bill for paying Confederate mail con-
tractors has been defeated. The credit for the
exposure of the facts, and for the delay
through which it has been possible to bring
the whole story before Congress, is due to
Secretary Sherman and the Republican mem
bers of the House. There Will be much more
to do of the same sort in exposing the numer-
GUS schemes for rifing the public purse Let
MS hope that the efforts of those who would
save the Nations money may hereafter have
equal success.
From the minority report In respect to the
Usage counsel fees, it is quite clear that there
are two sides to the question. One side Is,
that the expenses of counsel were incurred by
tho United States acting as trustee for the
Indians interests. The other side is
that the whole business in which the
counsel was employed arose out of an
error on the part of the United States in at
tempting to sell land that belonged to the In
dams. The present period IS a great one for
having the duties and responsibilities OF
trustees defined. The United States must now
take its place with other guardians of trusts
who are having their management overhaulcd.
Having gone through Mr.. Woods Tariff bill
once with the pencil and scissors, the Com
mittee on Ways and Means now propose to
renew their labors and go through it again.
This trouble might have been largely saved by