New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-01-22

to four per cent, because of the general re-
ductlon in interest rates; MIR. Conhnns OPP
posed the motion, on the ground that INC III
dams had been receiving more than 1o'ir per
cent and we were bound to deal as justly
with hclples tribes as with one of the great
powers of the world.
The formation of a new syndicate 10 Pi"co
four per cent bonds upon the London Walh''
comes at favorable time for the negotiation
of United States securities In Europe
The duiet and assured resumption ol spe''c
paymcnts cannot have failed to strengthen
our credit abroad, and give striking PROOF
of American stability. The contract stfpula'eS
for an immediate subscription OF ten Millions
and monthly subscriptions Of three ml'lloh'
until .July !. with an option on the last DAY
OF the term OF taking all the bonds OF thaV
issue left unsOd.
The Cipher Pamphlet. which was announced
two diys since, but has been delayed ny
the great pressure OF advance "r"elH'
will be ready to-day, the printers having
caught up with the first demands. 1t
will show everybody what the Potter
Committee would try hard not to find
ont. if 1t had no, been found out Already
and will make an instructive pamphlet Icf
those Who wish 10 understand the full -snih-
cmcr OF Yesterdays debate in thc House Of
Representatives. Price p cents; orders iiiicd
is they are received.
Is it revenge or REFORM Mayor C0opcr has
removed Wiakusllie Newman, who drew Il
salary from the City Treasury for collecting
the bills of Tammauy Hall against lis mem
htrs. Has the wicked Wi>,uSlIe been IN the
h5b;t al ,0aljnc Mr.. Cooper, or did the Mayor
come to the conclusion that Tammany HAL ougat
10 slproft its own collector There has been
another political revolution. and The ChV
KcrofT has n new cdltor in cX-ASNcmblyman
C,.tiem. i :. possible that .h" average ct
tz,n will not ;mill at the mention Of this
name, 'hui in 1870, when tie "Costigan biil
was the boz" o. contention between TamnlalE
Hail and Governor 1idcu. lis author was
more famous than thc youth who fiied the
Ephc>ian come and whose name on, OF r"-
gard FOR the feelings OF his family, Will not
0e mentioned here.
Tie House Of Representatives has ordered a
ciaher investigation. The manner Of its decision
II
dclllhen by reason OF stern necessity. Nh
Potter, the chairman OF the committee Which
VIII make the inquiry, distinctly discaincd
any desire to undertake il. The debate
was Emitted to an hour, That the lrk-
some duty might he hurried through,
and the Democratic majorty. heartily
wishing that they could take General i'niicrs
advice to wall, backward, with q cloak over
" their shouldcr> and throw the mantle over
what ought NOT 10 be seen" set jheir teeth
together and ordered Mr.. Potter TO 20 ahead
And vet the wonder is not so much that
the Investigation has been oId-Icd at AL as
that it has been ord red 30 late. When 1t
~ remembered with what uuhOuEdcd aston
jShjncat and indignation The iRIBTNLs dis
closures were received, and how univcl sal
wa, thc opinion that the first day Of the scs-
sion of Congress could not be allowed to pass
without demand for an investigation. we
begin fairly to realize how strong all iniiu-
encc has been at work here Tor delay,
and 10 realize, also, how mach those
who eXcrtcd that influence have gained.
ONLY thirty odd working days remain
Of the existence of this Congress, ana
ON the 9Th of March the Potter Committee
dies If III tins brief time a committee, when
has become ramous only for inetiicicncy, can
reach the bottom Of the cipher conspiracy,
even with the help OF lnE fRIBCNE'3 trans
lati0us. the country will he a4Iccably dis
appointed the coparcencTS, disappointed other
wiSe.-lt was the duty of Congress to take this
step. hut the public has become by tins time, so
thoroughly informed upon the matter that 1t
will look on rather as at Il farce than as at a
tragedy. Who will he frst-thc mysterious
Pclton, hich-morahty Marble, or the Great
Cipher himself The curtain has risen; the
stage waits; the boys i'll the gallery are ac-
cumuluting howl. Entcr-who?