davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-07
FRIGHTENING PROSPECTS,

A genuine and decided "boom in the mar
kets was caused by President Garfield's Inau-
Rural and selection of the Cabinet. While tho
prevailing feeling Of encouragement and hope
fulness may, i'll many cases, be based upon
reasons that are not sound, it is certain that
there are sufficient and sound reasons for the
feeling. For, first the Inaugural will enor-
mously increase the confidence of foreign CAPT.
talists in American integrity, American pros
perity and American securities. Strong pur-
chases on foreign account were seen all day
on Saturday, as the immediate effect of the
Address, which was telegraphed to Europe in
full. Second, Secretary Window has been from
the first personally preferred and strongly rec
commended by Secretary Sherman. 1t is GER
tain that he, as we'll as President Garfield,
expects to be able to- act in perfect
harmony with the new Secretary, and, as
everybody knows that means that the finan-
cal policy which Secretary Sherman has made so
successful will be vigorously pursued. In every
emergency, it is natural that the Republican
leader in the Senate on financial topics will
he constantly consulted by the Secretary, and
tbat his experience will be of constant avail
IN the successor recommended by himself
Thus, both in general policy and in tact of
management, it may be expected that the
course of the financial administration will re-
main essentially unchanged. These are justly
regarded as very encouraging and important
facts. 1t has been thought by some that Secretary
WINDOWS views in regard to the treatment OF
corporations would prove injurious to impOr-
tant railroad and other enterprises. But the
treatment of all questions of that nature will
rest. not with the Secretary of the Treasury, but
with Secretary of the Interior Kirkwood, or
with Attorney General MacVeagh.
Another cause of great encouragement on
Saturday was the rapidly improving condition
of the money market, and the news received
In regard to monetary prospects. The tangl-
HE and Indsputable fact that money was easy
had moro power than the soundest theories to
induce men to revise the opinions which the
recent retirement Of circulation had led them
,o form. It was seen that a tremendous
contraction of loans and decline of prices
had brought about SO largo purchases, by
foreign and domestic investors, by consumers
and exporters of grain, cotton and provisions,
and by the strongest operators, that the mar
kets had been relieved of q great load. The
merchandise and tho stocks which remain in
the markets are visibly carried with lower
rate of interest than was prevalent much Of
the time before the shrinkage in circulation.
Loanable funds in large amount were brought
into the Street by the disturbance, in part to
remain, and purchases were made on foreign
account, against which renewed imports of
gold must be made, and have already COM
menced.
The news of immediate importance was that
the application Of all the surplus in the Treas
ury to tho purchase of bonds had been au-
thorized by law, and that the banks would be
United to take back the circulation sur
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-07
NEw-YoRK DAILY TRIBUNE MONDAY MARCH 1881

fence. There is thiA to be said, moreover.
concerning the condition of the represents
tives of intelligence and property in South
Carolina, which they say is so pitiable as to
warrant their setting themselves up as an ex-
ception to the majority rule-that it is not
only an unavoidable incident Of free govern
ment, but is the logical consequence OF their
own acts. Men who gamble for high stakes
should remember that they take the risk OF
great losses. When they took the gambling
chance of war to keep those ignorant
blacks in slavery. they took the risk of having
them enfranchised. And it might cOnduce to
a more cheerful philosophy on their part if
they should contrast for a moment their own
present circumstances after having lost the
game with what would have been the condi-
ton of the blacks if they had won. Anybod,
can gamble it takes q philosopher to bear loss
with resignation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-07
5noes to advertisements.

AnusExESTs-3d Pase-6th column.
AHHoUNcEMENTs--6h Pase-oth colunn. gar .o,rro,
BANKING HoUsEs AND BANKERs-7h foGe-otn oVAuHiN'
BokRD ANp RooMs-7M Pdse-6tb column
yueIkEss CHANoEs-7h PGoe-oth column
BUSINESS NOTICEs--4M Pe1e-1stcen
CORPORATION NOTICES 6h Pdge-6th column
DANCING AcADRMms-6th P0ee-Sd Column.
DENTIsTRY-7h PaQe-5th column.
DIyIDENH NoTIcEs-7M Pade-oth celuhh
DRY GooDs-3d Pase-6th eoluHan.
FIHAHCrAI--7m PdOe-5th column.
FURSfTURB- Sd P01e-Ath column.
BEIP WAHrED-6h PdQe-6tn column
Lex CREAa-3d P1qe-6th column
INSTRUCTION. Pege-3d column.
LEGAL NoTIcEs-3d Page-4th column.
IOsT AND FoUHD-6h Paae-6th column. 80
MARBLE AND SLATE MANTLEs-3d Page-4tn coiuinn-
NApHIAoEs AND DEATHs-5th Page-Sth eclumn'
MINNd-6M Pxee-6Jh column - Oar -sth
MIscRIIANEoUs- ca Page-6th column; 81" F"Se-S'N
and 9th columns. 49,, .,.
MusIcAL INSTRUMENTAL PoSe-6tn column
NRw PU1LIcA rTeNs-6M Pdge-2d column
OCEAN sTgAMRRs-7h Pa0e-6th column.
POLITICAL NOTICRs-5h t'oGe-6tn coiunn'
PRoPosALs-7h P0ge-6th column:
RAJ EsTATE-3d Page-3d and Attn celumDs:, ,
sITuATioNs wANTEp-MAIEs-6h Page-4tn Column
FFMLIEs-6h Pase-3d and 4th columns
SPECIAL NorIcEs-5h Pase-6tb column. ~ -. %,
+, columns 80
'TslcHEns-8h Pass-6th column
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-07

orous administration, aided by Republican
Congress, can possibly give thom. An en-
deayor will be made, under better auspices
than ever before, to secure an international
settlement of the Silver question. Pending
questions with Canada, Japan and China VIII
be settled. Our foreign relations, which are
deemed unimportant only by those who know
nothing of their bearing upon our commercial
and industrial development, will be thor
oughly Investigated and revised. The extern
sion of railroads into Mexico by American
capital, and the cutting of the Isthmus by a
canal, will call for the early attention OF the
Government. Domestic interests OF vast i'm
portance will not be thrust aside, as they
have been so long, by narrow and Ignorant
partsanship. The funding of the public debt,
without disordering the currencyj the settle
ment Of the Mormon question, 30 that the
most populous and one of the richest OF the
Territories may be no longer practically be-
yond the pale of civilization or OF law; the
settlement of the Indian question, so that the
honor of the Nation may no longer be stained,
its Treasury depleted, and the westward pro-
gress of its settlements impeded by modes
of dealing which have long been disgrace
to our civilization all these and many other
practical topics will require the attention of
the Administration. To all these questions
President Garfield will bring a powerful in
tellect, trained and informed by seventeen
successive years of active service in Congress.
But it is already obvious, also, that the
officers that he has selected for his Cabinet
have been chosen with special regard to the
assistance they can render in maturing and
executing broad, statesmanlike and pro-
OressiVe nOicy,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-07


rendered but not yet redeemed, upon deposit Of
the bonds recently withdrawn. The latter
statement Is probable, though not yer
officially confirmed. The Government can
only throw away money by insisting upon an
issue of $17, ZOO, 900 of new notes, In place
of those the retirement of which has been
ordered but not effected, and 1t would save
all the cost of printing the new notes ana
serve the public materially if it would per-
nit unexecuted orders for retirement to
be cancelled upon deposits OF bonds 70
the required amount In this case, about
$17, 100000 in gold, which has recently been
added to the fund in the Treasury Tor the
redemption of bank notes, could be immedi-
ately returned to the banks and as the Treas
ury has already bought about 100000 OF
bonds the amount of money in circulation
would DO to that extent greater than 1t was
fortnight ago. The power granted by law at
the last session to apply any surplus revenue
to the purchase of bonds 10 not unusual,
but is, in fact, necessary to prevent an Excess
sive accumulation of money in the Treasury.
Under it, if proper bids are made on We'd
nesday next, the Treasury will purchase
So 900, 900 of the fives or skies of 1881, and
the policy of Mr. Sherman in tina respect will
doubtless be followed by his successor.
The bank statement reflects the actual
condition of the banks much more nearly
than that of February 26, and it shows
that the aggregate reserve of gold and
currency in this city has been slightly
increased during the past two weeks. Accord
ing to the bank statement of February ID
showing the average for six days preceding,
and the Treasury statement showing the actual
balance on that day, the amount of gold held
by both was $142, 245, 106, and the state
ments of March aggregate $143, 735,223.
The aggregate of4egal tenders has declined
$1,200,000, but not moro than the supply
of bank notes held has increased.
Business during the past week has been
active and large. Wheat began to recover
from the extreme depression, with unusually
large sales, and the dealings in -four, corn
and oats were also large. Cotton sales were
over 100000 bales, with some decline
in prices, and o decline in cotton
goods stimulated larger dealings. Provisions
have been less active, with some reaction
from the speculative advance, while the de-
mand for iron increases and the prices tend
upward. Sales of stocks last week were re-
markably large, with advancing prices. The
exchanges for the week amounted to
| $1,211, O5O.579, the largest weekly return
ever made, except for the week ending Janu-
AIRY o. when the amount was 81 ,224, 948, 1872.
In daily average, however, both were below
the panic week ending February 26, which
embraced but FIVE business days, and aver
aged exchanges of 1928, 795, TOO daily. Ex-
elusive of those arising from stock transac-
tions, the exchanges of that week and last
week were about the same, and exceeded a
little those of any other week except the first
| of the year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-07
THE NEWS THIS MORNING.

FoREIGN.-Buenos Ayres is taking steps to en-
courage immigration from Germany and Ireland
The loss of life in consequence of the earth
quake at Ischia is very great. - The captains
boat of the Cerberus has been blown up by torpedo
In Australia. - 1t is stated that England has
resolved to make peace with the Bocrs and has sent
out instructions to that effect.
DoMEsTC.-The insane asylum at Danville, Penn,
was almost entirely destroyed Saturday night
causing q heavy loss the inmates were uninjured,
- Further details of the railway collision neal
Baltimore were made public. - fire at Fred
ercksburg. Va, Saturday night. caused loss OF
1856. 900. - A fire at Cincinnati yesterday de-
stroyed property valued ut $4,000. - More
than 10000 tons of grain shipped from st.
Louis Saturday down the Mississippi River
CITY AND SUBURBAS.-The ninety-frst aDniver-
sary of the Forsyth Street Methodist Episcopal
Church was celebrated yesterday; Peter Cooper
Thurlow Weed and others spoke. "A walking
match in which Rowell and Albert, OLeary and
Vaughan take part, began at five minutes past mid
night. MIR. Maplsson said to TRIBUNE re-
porter that he had had most successful trip in the
West. - Robert Collyer preached on George
Eliot. 80 Several downtown streets were
cleaned.
TIE Manufacturers local observations In
dicate clear, partly cloudy and warmer weather;
Thermometer yesterday: Highest, 42'; lowest,
pic average. 34lso.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-07

pressed his determination not to use sbs oios fof
his own usufrnct Il must be great satisfaction u
bin to know that be hiss boon able 70 eafzy cut hr
policy In this respect.
Tho Democrats donkey erected It's ears ia Wash4
ngton last week. and the result wss plainly visible
In the town elections held in this State. The Re-
publicans made remarkable gains, c,mpletely
reversing the vote of last year in some Counties and
largely reducing od-time Democratic majorities in
other locantles.
Sound financial ideas ara pormesting. the Wess
much faster than 10 generally believed Evidences
Of it cropped out In tho recent debate the Three
Per Cent Funding bin. On the last day Of its con-
sderatien Mr.. Price Of Iowa ssId among other
things: "What have the banks donef They have
made market for the Government bonds, and made
II at the solicitation Of the Government for the
pose of aiding it to refund it's debt That was all
forgotten, and the hue and cry was raised against
them The trouble was that, under the existing
law shysters could not establish bank. The neces-
sary PREREQUISITE was some money sne that did ncs
country again with wildcat, reddcg and eSump-tail
money! That is encouraging talk from the Repre-
sentative of the State that sent two members Of the
Greenbaok party to the late Congress.
Appearances indicate that the advocates Of wo-
man suffrage will carry The day in Wisconsin. The
Legislature at its present session will doubtless sub
NIT constitutional amendment TO the people adj
hitting women to the franchise. The leading
Republican papers In the State favor it's passage,
and the scheme viii probably have an Intelligent
trial.
'Gomery Blair will have to take a back seat. The
Legislature Of Delaware has the honor Of giving the
parting fraud Shrek Il passed set of resolutions
Friday rehashing the old grievance. and ordered q
copy sent TO Mr.. Tden. Ii Is TO DO hoped that the
latter will feel oomforted by sympathy that comes
four years too late.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-07

tured that we shall cease to wonder what
neople from other parts Of the earth think Oh
us, and the departing foreigner will no longer
he asked what is his opinion OF America
But now the question recurs with absolute
regularity. Perhaps it is not wholly because
of the newness of the people, but also because
the Americanchas reason to regard his country
with dissatisfaction as sort OF miracle
among the nations of the earth, and Ike tne
man who enjoys telling a story OF great aVl-
tude, it pleases him to see the astonlshment
he makes. Well, the usual question has been
pronounced to Mr.. Archibald Forbes, the
famous correspondent, and his answer Is gwen
elsewhere. It is made, too, with heartlness
which shows that he means all the kindly
things he says
The average New-Yorker would be apt TO
stare if he were asked what were the athletlc
sports of the young men of this Guy NO
would probably reply that those OF them WHO
liked skating could enjoy that pastime IN Cen
trail Park now and then in an exceptional
winter: that those who liked to play ball coulo
90 to New-Jersey or Westchester County, and
those who liked to row usually went five miles,
more or less, to the Harlem River. and that
various athletic associations had meetlnS
places which could be reached IN course OF
time by elevated road or horse cars. But II
he were brought to candid answer he would
probably admit that the average New Yorker
had no athletic sports at all. A correspondent
gives us to-day o story of outdoor amusements
in another city, which makes striking con-
trast. Without the Canadian climate, we can
not have the Canadian sports; and perhaps we
do not want the Canadian climate. But the
story makes pleasant reading.
The statement that twelve trains comprising
1877 cars passed over the Baltimore and POto-
mac Road between the time the wreck OIL
Saturday was cleared away and noon yester-
day, gives some indication of the size
of the crowd of visitors that has
been in Washington during the past week.
II is a question whether Washington was
wholly equal to it, either in the railroad IA
cihties or the accommodations for guests.
The difficulties of getting into and out
of the Capital were serious. Those New
Workers who were bold enough to try 10
get away On Saturday spent twelve hours on
the road, the schedule time being six. There
was at least one Gay dlso uuIlnS VnO Al""e"
raj season when there was an unpleasant
scarcity of food Many persons complained
that hotel dining-rooms shut their doors with
the sad confession that the dinner
was actually eaten up, and the restaurants
of the city looked as if an army of pillage had
swept through them. DiscOmfOrts are to be
expected at such time, of course, but the
future will be likely to lessen them. Wash
incton is becoming every year more of a city,
and will have each year more of city's facil-
tiles.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-07

ACADEMY OF MUsIc-Martha
BIyoU OPERA HousR--" Skies and seyens1
BooTH's THEATRR-" Brunhild"
DAYS TURITRR-" Cinderella ut School"
HAyERLY's NIBfo's GARDEs-" Black Crooky
RAvIaLYa1ATa STREET THKiTRE-" hoop,es-
MADISON SQUARE THEATRs-" Haze hTses
PAX TuEITRE-1 Fresh. the American
sTAxpARp THEArRE-" Billee Taylor"
gEIoE LEAaUE THEATRE--3-Recitals.
Sfx,oE souIrf THEATRE" Felicia"
WALLACE IHEArRE-"T The GuV'nor."
BUrxELr's MUsEUM-Cat Show.
sCHIcKERING HAIL-11-Lccture.
MAsONIC Observation-Disclosures
eTENwAY HALL-Concert
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-07
Well, do the Cabinet-guessers think the result i.
worth an their time and labOrf


Orations over the retirement of the Democrats
from the control of Congress not numerous in
the partys organs. II may be owing to the tacitly
acknowledged fact that SO little good can be said Of
their conduct during the six years they have been
IN a majority in the lower House. All the able
editors appear TO be seized with as much diidenco
as the friends of the who died with unsaVory
reputation, None of them could be persuaded to
make any remarks at the funeral Finally, how
ever one more bold than the rest undertook the
task. But even he found himself embarrassed when
the occasion arrived aud after much hemmIng and
having could say only this: Well, Its nice quiet
corpse anyhoWp That would be the substance of
the Democratic editors remarks II he should express
his honest opinion of his Partys present condition.
spriRcs-the famous go-on-and-Anlsh-t ticket
sprigps-was defeated for Mayor Of Utica few
DAYS ago. He succeeded in finishing his own ticket
this time.
Isn't Mr.. Tilden's farewell address little late in
getting into print
The child-hke belief Of the Democrats that they
can humbug this Nation borders on the marvellous.
They only succeed, however, In humbugging them
selves. During the last twenty years they have
protested time and again to have just the issue they
wanted to go before the people on, but when the
people gave in their verdict II has always been q
peremptory command to get out" They are de-
luding themselves In the same way now over the
veto Of tho Funding bill.
1t has taken two years to convince Ex-Governor
Robinson that John Kelly was right when he told
him to retire TO private life.
In Mr.. Tilden's letter accepting the Democratic
nomination for the Presidency In 1879, he ex-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-07

The celebration of the ninety-frst anniver-
sary of the Forsyth Street Methodist Church,
one of the few religious landmarks in the
lower part of the city, was an occasion of
much interest. Addresses were made by Peter
Cooper, Thurlow Weed and Bishop Harris.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-07

Mr.. Collyer preached yesterday upon George
Eliot. His estimate ofo her life and character
makes no concession to that false sentiment
which seeks to create an easier code of right
conduct for the genius than for the common
place person.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-07

The reports of serious loss of life by the
burning of the insane asylum at Danville
Penn, are happily disproved by the later
news. Although there were $50 inmates, all
were removed in safety-a fortunate escape
frsm great danger.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-07

From the Washington dispatches it would
appear that there are ninety and nine persons,
mere or less, each of whom feels that he
would be q better man in LIE Dues place.
This sanguine opinion is not shared by lie
Due, who is of conservative temperament.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-07

Last year the Appropriation for the support OF the
New-York Fishery Commission was vetoed by the
Governor This year there is danger that the Leg
slature will fail TO renew 1t through ignorance Of
the Importance of the work the Commission is car
rying on The operations of the Commission
during the past year have been seriously curtailed
for want Of money, but fortunately not wholly sus-
pended. Its property, including land, streams.
ponds, buildings, Matching apparatus and breeding
fish, which has been acquired at q cost OF nearly
$50 OOO is still in good ORDER and its work can be
promptly resumed soon as an appropriation is
made As TO the value of this work to the people
of the State members Of the Legislature can readily
inform themselves by writing to any of their consttu
ents who live along the the shores
of the little lakes which abound in the interior of
the State. Nor is 1T the people who near enough
the water to catch the fish who benefited by the
restocking of the streams and lakes. The supply OF
fish has been increased and the price brought
down so that it begins to be q common article of
diet with thousands of people who could not afford
it a few years ago All physicians agree that the
general health of the community would be improved
if more fish were eaten and less fat meat. The Fishery
Commission will, if supported, soon place this ex'
ceent article of food within the reach of the poorest
farmer abOrer. II will be great pity if so great
public enterprise is broken up for lack of interest
IN lt among t0o lnenDeIb Oh LeBbldbuIC. NbW
York has hitherto been of the foremost States
in encouraging fish culture and in developing the
fact that the day is not far distant when acre of
water will produce much food as an acre Of land
She can't afford now to neglect so important and
promising an industry, after it has clearly shown
what results can be obtained by little foster
ing care.
Mr.. Moody, with his faithful lieutenant Sankey
has conquered San Francisco. There has long been
q vague popular belief that the Pacific coast offered
only stony ground for missionaries. Owing, perhaps,
to the veraclous pictures of Mr. Bret Harte the I'M
travelled American is apt to regard California as
peopled solely by bonanza kings heather Chinee and
gamblers of o murderous but sentimental character
who offer an unhOpeful field to any evaugelists.
Messrs Earle and Hammond have visited California,
but without any success. The secular papers in
San Francisco however state that the result Of the
present abors of Moody and Saukey in that city are
not only startling but promise to be permanent.
mo evaDgelists," they say, since the days of
Whitefeld have seen more immediate or important
effects of their labors than these two men," From
which we may conclude that men and women
in California whether they are heather Chnee or
gamblers, are pretty much like men and women else
where who have souls to DO saved.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-07

1t has taken two years to convince ex-Governo
Robinson that John Kelly was right when he toll
him to retire TO private life.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-07

Tho time will eventually como when this
country, which is now mere infant of some
two centuries and half. will be SO far ma
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-07

In Mr.. Tlden's letter accepting the Democratic
nomination for the Presidency In 1879, he ex-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-07

1t will hardly be gratifying to British pride
to learn from Russian journal that India is
safe from an invasion so long as the Liberals,
who are friendly to Russia, remain in power.
To hold India on sufferance does not accord
with the British notion Of absolute possession