New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-01-24
NORTH AMERICAN REVIEW. February.

The present number is largely occupied with
political discussions, ana comparatively small space is
devoted 10 ltersturc and philosophy. "The Conduct OF
Business Congress is the subject Of paper. 10y the
Hon George L. uoaV who offers several di-pass0nate
turseztons with rccard the improvement of certain
points in the mechanism OF the House Of Representa-
tivcs which tend t. diminish its dIgty and authority,
snd deprive Il Of tho equality with tic Senate that
was contemplated by the trainers Of the Constitution.
Ihe article contains some interesting historical notices
Of Clay Calhoun, Benton, and other prominent
statesmen among their contemporaries. " TIE
Mystercs Of American Railway Accounting"
~ a writer whose name not gwen, en-
cages in stringent and searching examination OF the
prevailing methods Of railway bookkeeping, especially
as c1cmp,fcd iH the accounts OF The N-w-IOIk Central
md Hudson River Railroad Company. For some ten
Ncai. pas he observes, perfect general balance
sheet has been published by thar corporation but the
'act instead Of awakening the suspicious Of brokers' and
investors seems TO have been entirely ignored. The
.lght per cent dividends have governed The marAet
price 81 the stock without reference TO it, intrinsic value
indicated By due proportion 0f assets to Liabilities
The writer proceeds TO critical exposure OF the piac-
al defects and financial penis Of the STEM sustaining
his POSITIONS by lucid and significant tabular array OF
fAct. and figures lie concludes the article with the
mark that the law OF this country, very wisely lcccg
Mics no class or family superior 10 all
DINERS IN The management Of corporations, or
IA free from the dangers OF ambition, error,
LEFTY alone prevent such disaster, nave recently
~ England pardlyzed private credit, and brcgared
whole classes u people who trusted everything to the
respectable names o. those controlling their property.
a Of the Colonial Eca celebrates the pot-
1cal services OF George Mason the great Virginia states
man. who contributed Important share TO the at
t,nncn Of the independence aud the establishment Of
The Government the United States The writer, Mr. T..
Taylor deprccate the neglect Of George Mason and the
wor, hip of John Brown 0nens OF EVIL import 20 the
welfare Of our common country. pilgrimage TO the
tauc o. Mason he suggests may restore 10 thor hIs
affections hearts aenated from the Union, and teach a
lesson OF charity aud tolerance TO those whose devotion
~ 1t is uneed with the spirit OF fanaticism,
20 that in case "thc cry should arse
that the republic IS in peril, the only
rivalry between the OF the North aud those Of the
South would be- as III days Of yOre. who should carry
The common banner deepest INTO the ranks OF the
mon foe" " Reconstruction and the Negro" by D. l..
Chamberlain defence % the p0licyOf negro suffrage
at the South, replying TO certain popular arguments
against this system and affirming that the present p0-
tical supremacy OF the white race Ia at least five OF
the Southern States is tho result Of the violent excu-
sion fraudulent suppression OF the coored vote The
only serious TO the unity and prosperity OF the
Nation has grown out Of departure from the doctrine
Of equal, civil and political rights the ex-
srcse Of exclusive political control by the few