davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-11
LIGHT IN THE SOUTH.

While the SILVER and initiation party at the
West remains deaf to all arguments and APP
pcals, and continues its attack upon the public
faith with passion more inflamed and more
unreasonable day by day, there are some in
dicatiOns of a break in the Solid South, from
which the friends of honest finance may pluck
cncourag cement. The action of the New-Orleans
Chamber Of Commerce the other day in pro-
testing against the Bland bill can hardly fail
to have an excellent effect upon popular SEN
timent, and we may expect it to be initiated by
many of the Southern mercantile and finan-
cial associations as soon as the proceedings of
the banks and exchanges at the North are gen
orally known. Senator Hill, OF Georgia, has
had the courage and good sense to range hlm-
self on the right side, in spite of the clamors
Of many of his constituents. and his example
will count for much more than his vote.
The strongest and most valuable influence
at the South just now, appears to be that of
Senator Bayard. few days before the add
iournmcnt he made a speech in the Senate on
the mlsclievous Stanley Matthews resolution,
and discussed the whole silver question with
admirable thOroughness. 1t was clear and
well-reasoned address. which reflected credit
upon Mr.. Bayard even more by its honorable
spirit than 10y its ingenious and solid argu-
ments. He not only proved the folly of the
silver scheme, but he stated the case as mat
ter of conscience. Neither the Govern
"ment of the United States" said he, "nor
"any other sovereignty, can do this without
'di.honor and dlscredt; and the loss to it
land its people from such an act of gross
"iniustice and niqulty is too great to be con-
"templated." "a mans good name is his
"chicf possession, and our laws give remedies
land award rccOmpense to every citizen who Is
Iamnitied by SANDER by libel. But nation
" has no such remedy, and its sole defence must
"br found in the jealous care of its citizens of
"public honor and credit" Mr.. Bayard made
tl,i, declaration i'll opposition to the over
vLclming sentiment of his section of the coun-
trv bnt. as he well remarked, 1t was his duty
10 say "not what the people might like to
shear. but what his conscience told him they
ought to he told.n 1t is to men of this
stamp that the people sooner or later most
readily listen.
Mr.. Bavard's clear head, bold heart and hon
rst purpose are not likely to be undervalued
by his party associates. The next Presiden
,ial contest will be decided by NewYork,
Ncw-.Icr,ey and Connecticut, and these States
certainly ii 40 others, will appreciate n states
man who can penetrate the sophistrics that
bewildcr the majority Of his party, and dare
4 false and dangerous public sentiment that
las taken nOmentary possession OF his section
of the Union.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-11
TIE BINFS on the CRTGIS.

The bankers and business men of New
York have taken an important step, and are
sustained therein by bankers of BOSTON,
Philadelphia and Ncw-0rleans. Much that
they might have done at once has been post
poncd, and perhaps wisely, if it was not
uossiblc to secure ut this time the desired
assurance of accord from bankers of this city
and other cities. The time is near when they
will feel themselves compelled to act strongly
Meanwhile, II very good thing has been done
The organization Of committee, representing
Che banks. savings banks trust and Ii ~urance
companies, and the merchants of the different
cities, with provision that the matters recon-
mendcd for action by this committee shall be
considered at simultaneous meetings in the diff
fcicnt cities represented is n great improve
mcnt. The machinery liz now furnished by
which, in any emergency, the financial cor
poratons of the East can act together at n
single days notice, and with such power that
no act of Congress can overcome or resist
their decision
The Eastern cities are expected TO concur
heartily. Boston, Philadelphia and Baltimore
sent delegates and expressed full approval OF
the plan proposed. But there is good reason
he found ready to act with Ncw-Iork in be-
half of sound finance. The strong resolution
NJ thr Newt Orleans Chamber Of Commerce, the
expressions already received from the commercial
bodies of other cities, show tht there Is
substantial unalimty of opinion among iinan-
cial institutions. In truth, sound finance
knows no section. !: il the same, and demands
the same, at the West or South az II the East
Western community cannot afford, better
than an Eastern, to rcpudiatc m honest debt;
commercial honesty means the same thing
everywhere; and the exchanges which make
modern commerce possible are necessarily con-
Quoted upon a common understanding IN oil
uarts of the country rs 10 the baSi. of values
The fault we find with The action OF the
Ncw-Y0lb bankers is that they did not ut
once take steps 20 tx 4 common basis of
values in commercial Transactions. But they
reason, With some force thai certain under
standing and preparation by the financial IN
situations OF the different cities are necessary
before such an arrangement can he made
effective Thty say--and the suggestion has
weight" Let there be first the necessary I'M
,crs,aMdirc and organization Tor common de-
"fcncc; afterwards, the measures necdful can
"bc adopted and put into operation at q days
Anotcc.i It is also true that The effectiveness
of measures contemplated will he LARGELY de-
pendent upon the unanimity OF action by the
banks and their action is likely TO hc much
more hearty and united after some consider
alton than it could be now. The machinery is
ready to resume specie payments at once, or
to take any step necessary to that end. What
ever error Congress may commit the banks
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-11
now have the power, as to its main conse-
quences, to repair by their prompt action.
THE ASSEMBLY COMMITTEES.

Speaker Hustled has unusual difhculles 10
contend with this year in making up his
committees, there being factions WITHIN
parties and factions without parties to be con-
sdered as well as the parties themselves. Per-
haps he has done his best but his work, while
in many respects good, in others is not above
criticism. Mr.. AlvOrd's appointment as Chairman
of the Committee on Ways and Means was in
evitable, as he was Mr.. IIusted's rival in the
race for the SpeakeIshIp, and is better quail
fed for the leadership on the floor than any
other Republican but we see no reason
why Mr.. Alvord should have been placed again
at the head of the AppOrtonment Committee
The rest of the Ways and Means is mainly
strong and sound. Mr.. Gilbert succeeds Mr.
Strahan at the head of the Judiciary, where he
will be more useful and less fluent than his
predecessor DR.. /. |. Hayes is at the head
of the Canal Committee, where 1t is time
New York man was placed, for New York has
an interest in low tolls, which demands rep
resentation. Mr. Fish is continued at the
head of cities, where he has done good SER
vice, and DR.. Hayes, Mr.. Astor, Mr.. Skinner,
Mr.. Brooks, and Mr.. DAILY are among those
associated with him-an excellent COM
lnltlpc. we COnlCSS tildJ VIC dIO uoI
much impressed with the looks of the In
surance Committee. Mr.. Graham, who labOred so
earnestly as chairman last year. has been trans
ferred to the now important Committee on
General Laws, and has been succeeded by Mr..
Hepburn, of st. Lawrence, member with an
excellent reputation, but still a surprise as
chairman of the Insurance Committee We
hope the committee, as a whole, may be
efficient.
When we have mentioned Mr.. Worth as
chairman Of the Committee on Commerce and
Navigation, our fault finding is about over.
The doubtful men must he put somewhere.
Sneaker Husted's misfortune has been that he
had to get some of them pretty high on the
lief
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-11
.1n0eY TO advertisements.

AMusrMKNTs-Sd Gge-5th and 9th columns
BAYKISG HOUSES AND BANKERs--1h PdGe-Oth co!uihh'
BOARD AND ROOMs--3d PdQe-5th columns.
BUSINESS CuANCEs-7M PGqc-6th column.
BUSINESS NOTICEs-4M PdOe-lst column
COMPREHENSIVE NOTICEs-7M Pdqc-6th column.
COUNTRY ROARD-3d Pdge-5th column.
DANCING AC ADEMIEs-6M Pdqe-3d column.
DENTIsrgY-3d Pdge-5th column.
Dividend NOTICRs-7M Pd0e-6th column.
FISANCIAL-TM Pdde-1th and 6th cOlulhD5
FURNITURE-3d fuqe-5th column
help NANTED-Gh Pd0e-1th column:
JNsTRUCTION-GM Pdge-2d and Sd column.
LECTURES AND MEEIINGS-3d Pdge-0in Column
LEGAL NOTICEs-7M PGqe-6Ih column.
LOST AND FOUYD-3d PGqc-5th column
MARBLE AND SLATE MANTEIS-3d Id0F-9ih column
MARRIAGES AND DEATHs-5M Pdge-6th column go.
NIsCFIIANLOUs-3d Pdge-5th column Sh fd9s-otn
column.
MUSICAL INsTRUMENTS-3d Pd0e-0th column
NEW PI-BIlC ATIONs-6M Pdge-2d column.
REAL ESTATE FOR SALE-CITY-6h Pdge-Gth column
CoUNrRY-GM Pd0e-6th column; To EXChANGE-oM
Pdge-6th column.
SAVINGS BANKs-7M Pd1e-6th column.
SPECIAL NOTCEs-5N Pdgc-6th column.
SITUATIONS WANTED-MtLES-6M FaQc-Jth column
FEMAIEs-6M Pd1e-5th column. 49,
STEAMBOATS, AND RAILROADS -6M PaGe-3d and 4th
columns.
STEAMERS OCEAN-6h PuGe-5th column.
IEACHERS-GM Pdge-3d column ~
To LYT-CITv PROPERTY-6h Paae-6th column; CoUT-
TRY-GM PdGc-Gih column.
WINTER KEsORTs-3d PGqe-3th column
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-11

pose that his mistakes are approved, and Is
not encouraged to crystalline them into
"pOlicy," rs Johnson did, His opponents can
not afford to make war upOn the prosperity OF
the country, and the very existence or the
Republican party, in the hope of cOeroIng him.
As for the Democrats, who have encouraged
wrangles in the hope of party gain, they may
learn that the voters who compose and control
the Republican party do not intend to have
the gravcst public interests sacrificed by any
wrangle between politicians.
Now let the Republican party move forward
united and strong in n just cause. 1t has beeh
for years sustained by the people because IL
was the only bulwark against repudlatlng ten
denotes, If its members are not false To IT'S
history its pledges, and to their own profess
sions, it will be sustained for the same reason
hereafter. The thing for each OF them to con-
slider is whether he can afford to destroy the
hold of that party upon public confidence by
n vote 10 break faith with public creditors
Thus far, too many Republican members OF
Congress have Welded to the demands of Dem
ocratic regulators, at least so far as to en-
courage measures assailing the public credit
1t is not safe for them to do so any
longer. Republican constituencies in all parts
of the country are growing every day more
anxious for defence of the public honor That
feeling will soon Ovcrwhelm and crush any
member of Congress who rcsists it. The Re-
publican party has no other hold upon public
confidence and approval so strong as that
which its past fidelity to the public credit
gives, and that hold is mcasurably broken
whenever a Republican member joins the DEM
ocrats in supporting a repeal of the Resump-
ton Act. or the Bland Silver Bill. They have
every reason to stand together on these ques-
TONS for it Is the main hope of their party.
On all other matters, they ought to let minor
differences pass with the least possible irrta-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-11

way Of tho Democratic majority in Con-
gress. For them a great opportunity is
ripe, if they will only seize it. Would
it not be well for Governor Hubbard to
bring the matter to the attention of
Senator Eaton, of his own State' That states
man could no doubt find time in the intervals
in his study of the Constitution to devise and
bring forward measure to prevent changes
in Federal Offices. And then, if it should pass,
and a Democrat should be elected President
in $780, wouldn't the Democrats of COnnec-
tcut rise up and bless their venerable Sen
ator 7 Oh, no. Perhaps not
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-11
FRIDAY. JANUARY II, 1873.
THE NEVIS THIS MORNING.

FoREIGN.-General Radctzky has driven the
Turks from the Shipka Pass, and captured several
thousand prisoners. - The late King of Italy lies
in state at the Quirinal. - Suleman Pasha has
been relieved Of his command. - The armistice
scheme is still unsettled.
DOMEsTIC.--Wiham f. Chandler is n candidate
tob Senator from New-IIampshire. - Mono Of
the Approximation bills were matured at Washing
ton during vacation and they were indeed
scarcely touched. - The Woman Suffragsts
had personal interviews with a number OF
Senators and the Vicc-Prcsident yesterday. --
Petitions are being sent in from all parts of the
country against hasty tariff action. GO Geo. H.
Pendleton has been nominated by the Democrats
United States Senator from Ohio 60 In the New
York Assembly, the resolution opposing the passage
of the Bland bill was adopted by a vote of 105 to
IT, - Senator EdmundS has written letter to
the President in regard to the attitude Of Congress
and the Executive as to appointments. "A
Washington paper says that Secretary schurz ten
dered his resignation when Postmaster Finley was
appointed.
CONGRrSS Both Houses met after the holidays
In the Senate after the presentation of bills,
lutlons and petitions, Mr. Matthewss silver
resolution was debated. 4 resolution offered
by Mr.. Sargent, that advocates OF woman
suffrage he permitted TO address the Senate
was defeated by Il NOJe OF 10 10 81. I'D
Committee Of the Whole Of the House. Mr.. Woods
resolution authorizing general investigations ny the
general committees was debated, and a substitute
offered by Mr.. Hale was adopted, authorizing any
committee to apply to the House forpOwer to call Tor
persons and papers for a specific purpose the appli
cation to be supported by the written statement Of
one or more members that the investigation is
sary. No action taken in the House.
CITY.AND SUBURBAN.-The liabilities of Edwin J.
Dunning. jr., estimated at $500, GOO and the
losses may reach 100000. 60 The Union League
Climb elected the regular ticket yesterday and adopt
cd resOlutionsf0r gold basis .=-ATthurL eary was
made Excise Commissioner and Smith f. Lane Park
Commissioner - plan for paying city
bonds was approved by the Mayor and Controller
60 Francis S. WynllOOp retired varnish dealer
went into bankruptcy with Liabilities of $3.50, 900
- c. p. Mills, Of Williams College, won
the first prize at the intercollegiate Oratoncal
contest. - Mr.. Beecher has given up one-fourth
of his salary for this year. - The Rev. Dr. Fc
clestOn has declined the position Of Bishop of West
Virginia. - George Wyman the murderer Of
William 7. Could was captured yesterday. 49,
Gold 1929, 1925. 1928. Gold value Of the legal
tender dollar at the close, 074lO cents. Stocks ac
tive and luctuating closing weak and feverish.
THE Manufacturers local observations in
dictate clearing, partly cloudy and somewhat cooler
weather. Thermometer Yesterday. 49,. 42o, 40'.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-11
GENERAL NOTES.
There was rather more weather than was

There was rather more weather than WAS
ctcr registered 800 below between and IN tne
morning. At watcrville the mercury ran down TO ~
and nj Somerset Mills 10 40. The oldest Inhabitants ~
ali sections OF Mauc have been forced 10 ADMIT 'Ha' Wv
cold was quito unprecedented
Osman arrived ut Bucharest on December
26 at dusk, and accompanied by two Russias oneeis
went at once 10 hotel where lie carried In al arm
chair 10 his room. A little girl met him IN the han
way and gave him bouquet The Turkish general was
pleased aud III niocnt tie lttlc mad was ela'p'u
his arms Prince Charles then on lis way 70 'H'
city, HAVING stopped the train at Goesci ard nuns
wreath OF eycrrecus the comb OF General Goe'ea'
through whose exeruons he had been chosen chie Tu
Of Rounania He was received With acclamauons "
the popuace on tho following afternoon, when he ''
truuCh lie streets. He attended ihanFslving seq
wee in the ia hcdra' anu assured me Sh'nlp'a AZ
Deputies that the nation had Won IT'S ihdeptN"'HNN
the point Of The bayonet.
The subject of municipal taxation is one Oh
paramount Importance az lhis ie and II Is 10 be hopeS
that the essay read 10y Robert Porter, OF Chicago VIC
fore the American Social Science Association, at us ar
nual session in Boston. wednesday, will DC pubseu
in pamphlet form and given wide circulation AmOne
the salient points OF the paper 10 which attention ~
called IT. the abstract that appeared in Yesterdays h
yNE we're the totals of the population annual tAva
assessed valuation. and municipal indebtedness oi ~
cities at the close OF 1866 and 1876 The increase Oh "
cal debts during the ten years was Si2oooo'ooo-"n
.hibit which Is simply appalling Readers WHO ara '''''
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-11

Mr.. Dumnns's failure reveals system of banking
husncss so careless as almost TO amount TO crilni
rqlity on The part of bank officials Al any rate it
is o,c which offers premium on rascality like that
Of Bopncr and Netter Ii appears that at least SIX
leading banks were it, the habit of lending Mr.. Dun
MINI. mouc on the notes of his customers, relying
entirely on his knowledge and representations of the
responsibility Of the very men who paid him
large commissions tO raise money for them.
These banks even cashcd Dunning's overdrafts and
allowed him 10 make good his account by deposits,
not Of cash. but time notes Of houses whose stand
,uq was unknown 10 them. Notes of these firms at
six months and even longer terms were take as coli
lateral for call Loans TO Mr.. Dunnng. In the Older
DAYS of ,ohd and safe banking it the custom 20
have regular days for dscountn%. and notes depOs-
tied for discount were submitted 20 m executive
committee or full board of Directors. some
one of whom. il was safe - assume. would
know Of the standing of the makers Of
the notes. Now it appears no such pre-
caution ~ taken. Not even the president OF
cashier Is ccnSltcd but all questions OF response
biity of makers and indoyscrs Of paper are lett to
the notc broker whom they pay TO represent them
as being Of the utmost stability. Boomers and Net
tcrs and the new system OF rchypothccatlon are
natnra' cons. luonces OF such laxiiy in business
methods Il viii surprise no ole 70 find more Of the
same crop coming 20 the surface soon.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-11
amusemsnts an0 Aleetlnss Co. Might.

GooTH's THEATRE" Richard Ill" Booth
BROADWAY THEATRE Monte Christie.
FIFTH AVENUE HALF and :: Helers MOh1enss; sra
FIFTH AVENUE THEATRE" Adrienne Mnio' "o0''
NIBIO'S GARDEs-" Dukes Motto
PARK TuFATRE-" The Gilded Age
SAN Francisco MINsIRELS. ,ao.ay
USIoS soTARE THEATgE-" The Man OF success
WAILACk's THEATRE" Won at Last
ASSOCIATION HAIL,-Leeture. George hcnhor
ACInRMY OF MusIC-2: philharmonic Rehearsal.
BRooKLYN TABEBNACLE-Lecture' iHc NV III Lar
-. c...ou..i f,ouoo+io,
MEM. YORK AQUARIUM-Day ard Evening
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-11

Gambetta speaks a prudent word when he
tells the Republicans to bide their time until
the elections next year give them control of
the Senate. They will then hold a strong pO-
sition in both branches of the Legislature, and
may expect to elect true Republican to sue
coed MacMahon in 1880.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-11

There is one Bland Silver Republican in the
New-YOik Assembly. With Mr.. Sessions in
the Senate, the party is big enough to hold a
caucus.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-11

4 grand National tnti-shyioci Conversion has
been called, 10 be held AZ Toledo, ~ certain adj
vancea economists Ike Mr. Wendell Phillips, Colo
mel Biautcn Duncan, and General IIoxsey, of New
Jersey These gentlemen can Troye thGt promise
is mono. and that thc more promises a Nation makes
end The longer il rospones fulfilling them, the
richer everybody will be. Any one of the
three could be trusted to generate two or three
pletc fiscal systems before breakfast OF morning.
And vet great many cautious people who are will
ING to trust their deposits with the Shyocks, would
sooner sink their entire pile on n small pair at Il
friendly game Of draw-pokcr than they would Sc
r:ously think Of taking counsel in regard to any
business transaction with either of these estmablo
amateurs at inancicring"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-11

New-Hampshire Republicanism doesn't seem to
consist, in the main. of light and n1ammable ma
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-11

Mr.. Pcndleton has carried of the prize III
Ohio, and will replace Mr. Stanley Matthews
in time. There is at least this much to be
said for his nOmination-that it honestly
represents the prevailing spirit of the Ohio
Democracy. and is the triumph of its strongest
and manifest spokesman.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-11

Russians, who were in danger of being placed
in false position by the tortuous diplomacy
which the peace projects have developed. The
prostration of Turkey is now patent, and Rus
sia may demand terms, which would recently
have been deemed extravagant.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-11

What mystery of financial embarrassments,
personal distress, or disease concealed, led to
the suicide of William S. POntin, on his we'd
ding eve, will probably never be revealed.
The secret was apparently locked in his own
breast. But it is impossible not to conclude
that some such secret trouble led to the rash
conclusion of life just beginning to brighten.
The mastery stroke by which General RAJ
detzky has driven the Turks from the Ship
ka Pass, and captured about $4,000 men,
promises to complete the overthrow of the OF
toman Empire. That gallant commander now
commands the main highway to Adrian
ope and will be able to cooperate with Cen
eral Ghourko, who is advancing from Sophia,
along the southern slope of the Balkans.
The victory is extremely opportune for the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-11

Senator Edmunds has addressed an impor-
tant letter to the President, respecting the
proper limitations of the Executive and Legs
lative Departments of the Government i'll the
making of appointments. The Senator's let
ter, which will be found elsewhere in full, dis
cusses the whole subject with the utmost fair
ness and with conspicuous ability. Both
its tone and purpOrt are warmly to be COM
plpu1pl.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-11

IF the new Aldermen of Tammany will con-
tinue in well-doing as they have begun, by
promptly confirming such nominees of the
Mayor as Arthur Leary. vice Murphy, ana
Smith +. Lane. wee Martin. we shall hope
for considerable improvement in the city
government before new Board and new
Mayor come into being. Both appointments
are excellent, by reason Of the qualifications
and high character of the men.