New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-16

K1nu. Inc only feature VI 1ctl lh''i'N' ""N
the persistence of the convention III
nominating Mr.. Henry Carey Baird, IN
spite of his explicit declarations that he
would not take the place, and IN
keeping his name up in spite of his demands
that it be taken down. The Democratic Con-
vention, which meets to-day, promises to be
almost equally feeble. The candidate is foreor-
dained, likewise the platform; likewise defeat
in November. The attendant circumstances
are not therefore, inspiriting.
For almost the fist time during this singu-
| larry moderate Summer it seems necessary TO
| renew the annual warnings respecting the
| dangers OF undue exposure to the sun ana
| the necessity of care to avoid exhaustion by
overwork. Yesterday was the hottest day,
according TO the Signal Service observers,
| since 1876. the thermometer standing at
| one time at 90 in the shade. The roll
| of sunstrokes has begun, and should the
present heat continue will doubtless increase
| as persons are much more likely to De
overcome after the system has been ex-
| hausted by several days of heat than when
| its violence is first felt. The rules Tor
preserving bodily health at such times
are familiar to all intelligent persons, ana
can easily be Obeyed. Those who eat ana
| drink moderately and prudenty, do not allow
themselves to be robbed of too much OF their
sleep, and avoid all exposure which can DC
avoided, have nothing to fear.
The active part which NJ. de Lesseps is tax
ing in the Panama Canal project naturally IN
| spires considerable confidence and awakens
| general interest. Having accomplished great
work of the same kind under adverse circum-
stances, he ought, it is assumed, be qualified
| to determine the feasibility of this enter
| prise. But the influence of his example Is
necessarily limited Already it is suggested
in France that careful estimates, based on
| thorough survey, should be made be-
| fore NJ de Lesseps asks for sub
scription of $S0,000,00O People Will
also desire to know what profits the
| canal may be expected TO yield. The
Suez Canal cost about 100000, 900. For the
! first two years its expenses exceeded its re-
cerpts, and the profits since then have been
very small, the net earnings having been only
! S967,3S5 in 1877. NJ. de Lesscps is entitled
to attentive consideration, but when the
enthusiasm of the moment has subsidized his
appeals for capital will be met inevitably by
the inquiry, "Will it payP
Surely the beauties OF our system of select
ing Jurors were never more clearly illustrated
than in the case of Chastine Cox. Here was
a crime which was the talk of the country for
ten DAYS before the murderer was discovered,
and here was a murderer who had confessed
his crime, taking a low estimate, at least one
dozen times. And yet the jurors to SIT IN the
case must be men who have formed no opn-
ion upon it. though every newspaper i'll the
land was full of the crime for fortnight.
The most singular, and perhaps the most dis
cOura.ing, feature of the whole affairs that the
lawyers should nevertheless have succeeded in
securing in two days twelve such jurors The
wonder is, not that it should have taken two
days to choose a jury, but that 1t should have
been possible to find one iii that time. As
Cox is now, by the advice of counsel, playing
| the part of an innocent and imbecle he
might be justified i'll expressing some fears OF
! his safety at the hands of such body; but
the public, on the other hand, may well
wonder whether the interests Of justice may
| not suffer when in charge of twelve citizens
who have formed no opinions upon the muir
| der of Mrs. Hull.
The sale of $12 900, 900 four per cent bonds
! to Morgan g. Co., at 1913, closes the opera
! tons of a most successful Syndicate. 1t is well
| for the country, though not perhaps for the I'M
supplied banks that so large a block of these
| bonds goes abroad The heavy remittances
required in the payment for the bonds will
have a strong tendency to depress exchange,
and at a time when there is every prospect of
! large exports of merchandise at an early date.
| The United States, and its Immediately au-
| thOrized bankers, now have no more four per
| cent bonds to offer until the close of next
wear. What course the bond market may
take meanwhile is no longer matter of
special Importance to the Government, but 1t
nav with reason be conjectured that the
| withdrawal from the market of the only large
reserve of unsold bonds will be likely to adj
vance prices to some extent What the banks
will do to protect the circulation for which
the bonds have been called, rests with them
to say but they can no longer indulge the
confident expectation that the Syndicate will
! soon be obliged to give up to them at their
| own figures a large block of bonds remaining.
In future the market will take care of itself,
| and be governed by ordinary rules of supply
| and demand.
"STONY POINT OPPUGNATUN"
There was a time within the memory of men
still living when the ingenious American