The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1880-01-27
SPIRIT Of THE PRESS.
The Enrli.h Paper. Of rhi, Morning.

: structfve lessons In the sudden panic il
wheat. The large buyers like Keene cal
look c0mplacently on aud see the marke
60 down, for they know that full reoove
ry is only question Of time But tn
small operators who followed the big fish
when they saw prices going up, and gan,
bled on still furt' er advance, find then,
selves in a most unfortunate fix. 1t is tn
same lesson that the lambs learned il
Wall street in December, when the heav,
operators, BY dexterous turn, were abl
to add few more millions to their profits
Our Chattanooga special savsa prominen
railroad man at Atlanta is authority for til,
statement that there is more thar
a probability Of Col. Cole bein.
elected President of the Cincinnati
ence was held yesterday at Chattanooga be-
tween Trustees Burger and Ferguson, w
H. Clement, Col. Cole. and Gov Brown
but what was said and done was kept :
closely guarded secret by the gentlemen
present-The Fusion Legislature in Maine
can reduce expenses now BY hiring q
smaller hail. The Senate met yesterday
with seven members present. The Pills
bury party have about concluded to quit
and appeal TO the people at the polls next
year-a most excellent inspiration. Pity
it came 50 late.-Judge Kelley has refund.
ing plan which the Ways and Means Com.
miItee of the House has under serious con.
sideration. 1t is to pay off all the princi-
pal of the public debt drawing more than
four per cent interest at the rate Of $38,
0O0, 900 year. This would dispose Of the
entire 81 900, 600, 900 in twenty seven years.
1t is not impossible for even great railroad
men to be mistaken. This is proven bv the
result of the arbitration In the case of the
| O., H. & d. and the bondholders of the c.,
II. & /. Railroad. The bondh0lders made
| a proposition of compromise to the Direct.
| ors of the G., H. & D. Railroad, which was
| rejected. The same bondbOlders now re-
ceive equivalent to 100000 more than
they then asked. This is good for the
bondholders. but not so go'd for the c..
II. d D. Stockholders. However, the arbi-
traitors found, upon investigation, that the
G., H. q d. Company, from its condition
and earnings is abundantly able to pay
what it is required to pay. This leads to
the inquiry Why the G., H. 4 d. Directors
seemed 81 ready few months ago to suf-
fer the ad to be wrecked rather than nav
less of their debts than they are found able
to and are required to pay. Had the road
been wrecked as threatened, the stockhold-
ers, or such of them as could not get into
syndicate, wOald have been wiped out
The Commercial says: A bill has been
introduced into Congress authorizing the
division of Indian reservations in severalty.
The Piutes also some of the Utes. have
agreed to have their lands thus divided.
They have also expressed their willingness
to live, by families, on particular tracts.
This is real advancement. since the per-
sstent refusal of Indians to take up land in
severaltv has heretofore been an insuper-
able obstacle in the way of civilizing them
Telephone connection between Omaha
and St. Louis was made yesterday, a dis
tance OF four hundred miles. Conversation
between the two places was successfully car
ried on.-Tre Police Commissioners were
enjcined in the Common Pleas yesterday
from "suppressing" Snelbaker's show; but
the decision pointedly says that every time
the curtain rises the police authorities may
arrest the proprietor and his performers.
II this does not result in suppressing Smell
baker, he Is irrepressible- that the
proposition to clothe the Mayor with au.
thoritv over the police force seems to be
settled. so far as the Little Legislature 10
concerned, other features Of the Kirby Bill
will bear discussion. Weqnestion whether
the clauses authorizing the Mayor to make
the estimate for police and incidental OK.
penses and appropriating moneys might not
be prohtably modified. The bill should be
carefully scrutinized and considered In
these and other respects before
it 10 put on its final passage.-The
friends in Philadelphia is authorized to
,vith "A tho MN nf@Ian n rork n D..
idential candidate, provided the February
Convention Of the Pennsylvania Republi-
cans does not show the greatest unanimity
for him, Is not credited by the political
friends Of the General in Washington. Our
we'll informed correspondent In the Ma.
tional Capital, however, reiterates the state
ment, and asserts that the confidants Of the
General, who have been in correspondence
with him up to the date Of his leaving Flor
ida for Havana, are fully authorized to
withdraw his name, and will do so since
the results Of the County Conventions
show that the delegates to the State Con
vention will be far from unanimous in
his favor.
The Enquirer: It is barely possible
that Ambrose will be brought to
trial. We all recollect how promptly the
Administration caled off its investigators
who were examining the United
States Court in this district, when the
trail became too fresh; But is the Senate
Judiciary Commit ee equally afraid Of ex-
posing the truth in this matter2-Prlncess
Winnemucca, who Is lecturing in the Pa
cifc States on the wrongs OF the In
dians. draws plsintive picture of the
destruction the introduction of whisky has
brought upon the red man. After the lee
ture is ever she gets "hilariously drunk"
Some Conservative people object
to this. They fail to take practical view
Of the matter Like Artemus Ward, when
he ran the moon to his own panorama,
Winnemucca is "a man sbort," and she is
doing the "frightful example" business
herself. Popular temperance movements
do not seem to get along very well with
out 'frigbtful examples Mr.. Bsyard in
this debate, as he does. is butting
his head against an important Committee.
of which he is Chairman, against Senate
of his party, against a House Of Repre-
in which his party@h has majori- |
ty, against q decision of the Supreme
Court. He is also antagonizing public sem
timent. The Supreme Court of the
United States has declared that the Treas !
ury notes of the United States shall be |
otherwise a legal tender" Does Mi. |
Bayard think it will be profitable to con-