4 TERMS OF SUBSCRIPTION. PAYABLE 15 ADVANCE —POSTAGE PREPAID AT TIIIS OFFICE. Dally Edition, postpaid. 1 year ram of year at same rate. Mailed to any address four weeks f0r............. Sunday EdlUon: Ltlorary and Kcllcloua Double Sheet 5“ Trl-Weekly, postpaid. I year. 6,50 Farts of year at same rate. “WEEKLY EDITION*, POSTPAID. One copy, per year. Sl-JSO Club of five, per copy I*3o Oub of twenty, per copy 1.15 The pottage is 15 cents a year, which wc will prepay. Specimen copies sent free. To prevent delay and mistakes, be rare and give Post- Office address in full, including State and County. Remittances may be made either by draft, express, Post-Office order, or In registered letters, at our risk. TERMS TO CITT SUBSCRIBERS. ' Pally, delivered. Sunday excepted, 25 cents per week. Pally, delivered, Sunday included. 30 cents per week Address THE TRIBUNE COMPANY, Comer Madison and Deorboro-su., Chicago, EL AMUSEMENTS. New Chicago Theatre. Clark street, between Randolph and Lake. Belvll Byan In ** Caste.*’ McCormick Tlnll. North Clark street, corner of Klmlc. Beading* and Miialc at a d. in. SOCIETY MEETINGS. SPECIAL NOTICE—MEMBERS OF LADY WASH INGTON CHAPTER, No. 158. D. E. S-—You are re quested to meet at the hall, cornerof Blue Islaml-av. and Fourteemh-bt-, Tuesday evening. May 30, at 8 o’clock •barn. Business or importance. By order of the W. M. EVA MciIUGIL Secretary. MASONIC-ORIENTAL LODGE, No. 33. A- F. & A. M.— Members are hereby notified to meet at Oriental Hall. No. 122 LaSalle-st., this (Sunday) morning at ll o’clock, to attend the funeral of our late brotlier Hiram M. Chase. By order of the Master. E. N. TUCKER, Secretary. ATTENTION, SIR KNIGHTS—STATED CONCLAVE of Chlcazo Commanderj. N0..19. K. T.. Mondavcven lug. ut 7:50, for work on the K. T. order. Malting Sir Knight* courteously Invited. By order of the E. C. CUAS- J. TROWBRIDGE, Recorder. MASONIC.—There will be a regular assembly of Van fb/iteKehirr Grand Lodge of Perlt-ctiou A. A. S. Rite Mx-onson Thursdavevening. Work on the4th and/iih degrees. By order of E. P. HALL, T.P.G. M. • iZ. UOODALE. Gr. Scc’y. MASONIC—LAFAYETTE CHAPTER. NO. 2, R. A. M.—Special Convocation Monday evening. May 29, at 8 o’clock. By order of the H. P. K. N. TUCKER. Secretary. SUNDAY, MAY 28, 1876. Greenbacks declined at the New York Ex change on Saturday, ruling at SB^(£-BSg. The resignation of Sir. James F, Joy as President of the Michigan Central Railroad will occasion a good deal of surprise just at this time, though it is known that his posi tion has not been a comfortable one in his relation to many of the stockholders for some time "Whether it means that Mr. Jor is no longer able to control the stock and management of the Company, or that he vol untarily abandons a contest which no longer has any attractions for him, can only be demonstrated by subsequent developments. His railroad career has been one of the most ambitions and enterprising even in this coun try of railroad monarchs. A "Washington special states that the minority of the Committee on Pacific Rail roads have agreed to report adversely to Judge Lawrence’s bill providing for collec tion of the ninety-four millions due the Government by these railroads. This on the ground that the Lawrence bill is unconstitutional, because impair ing the obligation of the contract be tween the roads and the Government which is embodied in the various acts under which the roads were constructed. The re port of the minority is rcassertion of the doctrine that the roods are in fact superior to the Government, and that against them the Government is wholly without redress. *- Mr. Coltu* on Friday issued a notice to various city officers, in which he said; ** I shall hold you personally responsible to me, as the lawful 3layor of Chicago, for the con duct and management of your office, and I hereby direct you to pay no attention what ever to any order, direction, or communica tion of any character affecting your official acts emanating from said Hoyne.” Sinae Mr. Hayes has been removed, and has reached the conclusion that the world has become upside down, and must remain so unless he is restored, Coltik and Mnrr: Bailey have put in their claims, and insist that Chicago has fallen into the bands of repudiators, tur'j it is necessary for them to assert their i*- feasible right to hold office. In. the mean time, Colvin, incited by Hates, is what he can to produce insubordiup' • .. _ , - .aonamong Ibecty officers and if to break down the authority of the C» . n*i n ry Govemment. Ihe Common Council is t , . , .. tiioritv of this city, and f the City Government - “ U , * trol. No officer car subject to its con ... . follow Sir. Colvin with out putting at de r “ „ , c - u ance the City Council. The corny «-bkh tv"' o,uldin s of felonies, through . er goes un-wliipt of justice to steal Sf* is bad enough when done by private ,-iduals anzious to recover their property, .ough it visits almost infinite mischief upon community. But now the City of Buffalo is seriously proposing to en ter into that same business of compounding felony. Bonn, the City Treasurer, who has just served out his official term, is a de faulter to the amount of a half million. Not having his plunder in available shape for transportation, he has not run away, but in stead has made a statement of his affairs,show ing that nothing could bo realized by legal proceedings against him, but suggesting to the Common Council that, if they will leave him free to •* manipulate” his various assets, ho will mortgage the same to trustees, the proceeds to be applied to make up for his stealing. A striking feature of the affair is that nobody in Buffalo, so far as heard from, objects to this compounding of felony by the city, if it only be made sure that money will be realized out of it Only a few such amicable settlements with official thieves are necessary to lead to a multiplica tion of official defalcations, and the City of Buffalo seems disposed to make the first of them. ■ Oar dispatches announce that to-day at Kew York will be celebrated according to the rites of the Egyptians of the time of the Ptoixioes the obsequies of the late Baron he Paem. The deceased was a gentleman of considerable fortune who, odd as it may seem in this matter-of-fact age of incredulity, was a professor of the 14 occult sciences, 4 ’ pre sumably the same pursued by the Chaldeans and alchemists, and also the same with which Cagliostbo, the Prince of Impostors, humbugged all Europe. The late Baron besides was a Eosicrucian of the Heidelberg Lodge—which we believe is one of the grafts upon ffee-masoniy of the mythical ancient orders which Cagliosieo pretended to restore, and the funeral, it is stated, will take place from the Masonic Temple, under the immediate auspices, how ever, of the Theosophical Society, of which the Baron was a member. By the direction of his will it is to be conducted “ according to the most ancient Egyptian ritual.” It is very questionable •whether anybody knows what was the most ancient Egytian ritual. But under the direc tion of the Theosophists (who, as the term implies, have direct knowledge of and com munication with the it may be so con ducted. If not, doubtless the rites, including cremation on a funeral pyre, will be most fantastic and imposing. .$13.00 The four 'Western base-ball League clubs which last Tuesday went Down East to test the mettle of the Eastern League clubs have made a creditable showing thus far, the score standing two out of three in favor of the Chicago, St Louis* and Louisville Clubs, though the Cincinnati’s record is that of three consecutive defeats. The heavy work has fallen to the lot of the Chicago Club, which has met the crack Eastern nine, the Hartfords, who were relied upon to save the championship for the East; and the result is that the Chicagos won two out of the three games, which unmistakably indicates that, unless some extraordinary mishap befall them, they will win the championship. The Chicago produce markets wiere irreg ular ou Saturday, Wheat was steadier, un der a good demand for shipment, and rye firm. Other grain and provisions were weak. Mess pork declined 45c jJer brl, closing at $19.10@X9.124 for June and $19.324@ 19.35 for July. Lard was 25@35c per 100 lbs lower, dosing at $11.20 cash and $11.40 seller July. Meats were active and lower, at C£c for boxed shoulders, 9jc for do short ribs, and for do short clears. Lake freights were more active, at 24c for wheat to Buffalo. Hail freights were dull and un changed. Highwines were firm, at $1.09 per gallon. Flour was in demand and steady. Wheat was active and closed 1c higher, at $l.OS£ cash and for June. Com declined 4c, dosing at 454 c for May and 44c for June. Oats declined fc, dosing at2Sjcfor May and 284 c for June. Hye was firmer, at 70@704c. Barley dedined 2@ 3c, dosing at GGc for May and 554 c for June. Hogs were active and advanced 10c, closing firm at $6.30(®G.C0 for common to choice. Cattle were quiet and steady, at $email@example.com for inferior to choice. Sheep were scarce aud nominally firm at Friday’s quotations. One hundred dollars in gold would buy $113.00 in greenbacks at the dose. The policy of the Council Finance Com znittoc relative to the financial embarrass ments of the city is very fully set forth in the document read by Mr. Elliott Anthony at the meeting of citizens yesterday, and printed this morning in our local columns. They pledge the city to the payment within three yeaisof the debt represented by the out standSng certificates of indebtedness, amount ing to about $3,000,000, with the payment in the meantime of 7 per cent interest there on ; but they refuse to issue any certificates in their place, because they believe those now outstanding to have been illegally issued, in which case a new issue to take them up would be equally unlawful. Those falling due in June and July they hope to pay in cash, and they offer to receive them in pay ment for past-due and unpaid taxes for the years during which the certificates were is sued. The city has also about $1,000,000 of tax-certificates representing its own* jsmi chaser, at tax-sales, and it is intendmßKn offer a large rebate on the pzetmKi allowed by law in order to attract the’re demption of these certificates, which, of coarse, are a perpetual lien upon the prop erty sold for taxes. All these are wise con cessions, and, if they are met in the proper spirit by those who are still in default of the payment of back taxes, two-thirds of the out standing certificates of indebtedness can fee wiped out within a short time. There is rno difference of opinion as to the authority to issue certificates to raise money to pay the obligations incurred within the present year, drawn against the tax-levy, and this *vill be done* THE CITY FINANCES., The Conference of city offi.cers and of merchants held or* Saturday was a f'.-atifying one. It determined beyond all 'question that there was no person, official or unofficial, who had the remotest wish or pur pose to repudiate any portion of the city pa per, nor any disposition to quibble, or delay, or postpone payment because of any techni cal or even substantial illegality in the way the debt was created; the purpose was gen eral to pay as speedily as possible everything which bears the name of Chicago as a debt or. The only difference of opinion was as to how this could be done in the speediest possible manner. An interesting part of the proceedings was a statement by Mr. Peak sons, of the Finance Committee, exhibiting the actual state of the city’s obligations. The whole amount is $0,526,000; against which there are some $7,500,000 uncollected taxes. * « It will be seen that the assets in the shape of unpaid or uncollected taxes far exceed the amount of the outstanding obligations. If these taxes could be collected there would be no trouble in paying the paper. Hence that policy which can induce the payment of taxes is, of course, the safest, wisest, and the most certain in producing relief. Of this debt of $G,52G,000, some $2,981,- 000 are represented by certificates which are held in various parts of the country. These certificates are payable out of these uncol lected taxes, am} not out of any other fund, even if the city had any such fund within its control. The taxes, when collected, can not be lawfully used for any other purpose than to pay this debt. Here, then, we have the combination, —that the uncollected taxes cannot bo used except to pay this debt, and this debt cannot be paid out of any other fund. Evidently, therefore, any policy which will convert the unpaid taxes into city scrip, or the scrip into taxes, is the only policy that is open. There is no second choice. The law and the bond are inexorable. The scrip can only be paid with the taxes; and why not therefore permit the taxes to be paid with the scrip ? If a citizen to-morrow shall pay SIO,OOO in cash for that much taxes due on his property for 1875, the city could not law fully use a dollar of the money except to pay or thko up the scrip, issued in 1875. "What possible objection can there be, or ought there to be, to permitting any citizen paying his taxes for 1875, or previous years, in this city scrip ? Is not the payment of that scrip the objeef sought by the holder ? Is not the collection of the tax, that the scrip may be taken up, the sole object of the city ? Why not, therefore, remove all obstacles in the way of citizens paying their taxes With the scrip, and why not offer special inducements for them to do so ? Between the present date and the -Ist of July there are certificates to the amount of $1,019,000 falling due. These certificates bear interest Suppose the City Council shall by ordinance make these certificates receivable at their full value, including in terest to the time they fall due, in payment THE CHICAGO TRIBUNE: SUNDAY. MAY 28, 1876-SIXTEEN PAGES. of taxes for 1875 and prior years. There are several millions of dollars of taxes to be paid between now and Sept. 1. By that same date there will be over two millions of dollars of certificates mature. They can only bo paid out of the taxes. There is an overage of two months* interest to accrue on all these certif icates, or a sum equal to nearly $50,000. If these certificates were made receivable, at their matured value, for taxes, there would ba the inducement of nearly $50,000 to pay the taxes now. Each tax-payer would have the inducement of two months* interest on his taxes, and the sooner ho paid his taxes the longer time would ho draw interest The taxes on real-estate are inescapable. They follow the land os a perpetual lien. To accept this scrip in payment of the tax will create a market Dor it for that purpose, aud the collection of the tax and the redemption of the scrip will both be accomplished. There is no necessity for a dollar of these back taxes passing into the City Treasury in the liorm of cash while any of these certifi cates ore outstanding. If paid in cosh, it can only lawfully be used to take up the certifi cate s. So, therefore, the collection of the tax in the} form of the certificates is the simple and the natural way of adjusting the balances between the city and its creditors. "Whan two men hold each other’s paper, and each, have no othes: means of payment, is there any process so reasonable and so equitable as for them to exchange the evi dences of their respective liabilities and ex tinguish both ? The fact that the city has a large sum duo to it in oxccss of what it owes renders it feasible for the city to offer to take its own paper at itH ultimate value in present payment. "With reference to the revenue needed for the carrent year, there is but one source, and that is to borrow the money in anticipa tion of the collection of taxes. This, it is conceded, is lawful and perfectly proper. Now, the value of these certificates may be considerably enhanced, and a permanent de mand created for them, by making them : 1. Payable out of the taxes of 1876 collected prior to April, 1577, and out of the *axes col lected prior to Aug. 1, 1577. The personal taxes .of 1576 are payable and col lectable after Jan. 1, 1577, and the taxes on real property, while due at the same time, cannot be enforced until July afterwards. 1 2. By making these certificates bear interest until April and until August, 1577, and re ceivable at their value, including interest un til maturity, at any time in payment of any city taxes for 1876. The city could issue this pap ;r now. To tax-payers it would have an exo nordinary value. The man who on June 1, 1 S7C, would take a certificate for SI,OOO, rect ivablo on or before April 1, 1877, in pay ment of taxes, would have on the Ist of Jan nary, 1877, the means of payingsl,os3.3l, am I the man who had a like certificate paya ble in August, 1577, could pay therewith at an y time after January next $1,081.67 of city ta tee. If these certificates were issued in su inn ranging from SSO to SI,OOO each, they w ou) d find ready market from tax-payers. "V foil e bearing but 7 per cent as an iuvest n iem \ they would be worth for purposes of j *ayii ig taxes nearly il per cent, because they ■'Foul dbo available for that purpose after Jan uary. . and it would be to the interest of the tax-p ayer to pay his taxes as soon as they fell due. La this way all the city certificates, being at a largo premium for paying taxes, would aimr tally find their way back into the City Tre* sury, be redeemed, and paid as, in con templation of law, they only can be paid. T : the Common Council at its meeting to mo rrow night will consider that all this in del jtedness is the result of the non-collection of taxes, that if the taxes were paid the w aole debt conld be discharged, and then o ffer to the delinquent tax-payer to receive *Uiese certificates note at the value they will have at maturity, there will bo such an in ducement as will create a demand for the certificates for that purpose. A like offer with respect to the certificates for 1876 would enable the city to obtain all the money needed for current purposes, and lead to the collection of next year’s taxes without any deh ly. PUOGSAIOIE OF THE COLVIN CSOWD. 11 was hoped when Mr. Hoyne, by order of the City Legislature, took the active control of : municipal affairs as Mayor of the city, and, Mr. Colvin assumed the defensive, and was; willing to contest his presumptuous claim in the Courts, that nothing would be do: ae to impede the even progress of the new Ad ministration in the work of reform which wa s expected of it. But the Colvin crowd of bummers evidently do not intend to keep faitti, as unplied by their Chief’s application to the Court for relief. Every day develops anew disposition to throw the city into such col rfusion as will injure its credit, break do\ rn the efficiency of all the departments, sto p the reform measures that have been in augurated, and create alarm and apprehen sion i among the citizens. That this is the pre gramme of the Colvin gang is very evi dent from some recent events. Certain be: ids of departments, who gave in their alle gia ace to Mayor Hotne when Colvin him self* acknowledged him as Mayor do factb by bringing the quo warranto suit, novi recant their acknowledgment because they see that the new Mayor will not consent to the same reckless, loose, and extravagant management of city affairs, and because he desirrea to lop off the saperiluous attach ments and scrape off some of the barnacles. They acknowledge his authority because it seemed to be in their self-interest, and now they desice to ignore his authority for simi larly selfish purposes. Colvin is doing every thing in his power to foment the discord. He is writing absurd orders to all the depart ments. He is pricking on Mr. Hayes to act as that gentleman never would have acted prior to his association with the Colvin crew. He is endeavoring to bring about such a state of affairs that no money shall be paid into the City Treasury and no money paid out. We have even heard it stated that he purposes evening going into the Council and claiming the right to preside over that body,—a claim which he volun tarily resigned,—and to thus bring on a con flict which will force the police to take one side or the other. Now, Mr. Colvin- had better go slowly in this matter. He has occasioned the people of Chicago about as much trouble and loss as can bo endured with patience from a single individual Ho has been the foun tain-head of the system which has led the city into all its financial troubles. 'When ho acknowledged Mr. HovjtE as Mayor by bringing the quo warranto proceedings, he left him nothing but a legacy of debt. There were nearly a million of dollars owing to the employes of the city j perhaps half as much more due contractors and laborers ; nearly half a million to the gas companies; nearly $1..W0.00Q due to various special funds ; and about $3,000,000 of outstanding certificates of indebtedness,—in all not less than $0,500,- 000 of floating indebtedness without any pro vision for its paj-ment, and with no compe tent scheme for the collection of back-taxes. from which alone it can be paid. This cer tainly was bad enough. Yet some credit was given this man Colvin when he offered to fight his claim to the Mayoralty in the Courts, ipad in the meantime to permit the people to do something for themselves through the representatives they had chosen. But Colvin’s actions for the past two or three days, and the actions of those whose fortunes are identified with him, indicate that there was never any honest purpose of letting go the hold they had on the city funds aud abid ing by the decision of the Court. Having brought on the city nil the misfortunes it suffers, this disreputable crowd arc now en deavoring still further to confuse, compli cate, and hamper the municipality. Colvin is trying the patience of a patient people too sorely. He may go too far. Now that he has appealed to the Court for the privilege of mismanaging city affairs another year, common decency, even if he has no concern for the welfare of the city, should prompt him to await the decision of the Court, and in the meantime hold aloof from the affairs of the municipality. He may rest assured that, if the Court awards him the office he covets so desperately, he shall have it with out hindrance ; but he may also rest assured that he can not have it till such an award be made. CHICAGO’S GRAIN-TKADE. There have been serious efforts for many years to tap Chicago’s grain-trade aud divert it to the other cities. It has been properly recognized as the basis of our commercial prosperity and the rapid growth of the city*. It has been covetecftmd sought after by all the devices that greed could promj)t and in genuity suggest. There have been open and vigorous assaults, and there have been sneak ing aud treacherous combinations. It is useless to deny that these various aud per sistent efforts have made some inroad upon the bulk of the trade, for the statistics plainly show this to be the case; but it is a proper and timely inquiry to seek in bow far the Chicago people themselves are re sponsible for such loss as has occurred, how the decline may bo checked now, aud the lost trade regained or replaced by other grain tributaries of equal value. A very little thought will convince the merchants of Chicago that this is altogether the most important matter now exacting their con sideration. First *&s to railroad conditions: It is not probable that Chicago con again be made tho victim of such a combination as that of last winter, which was the chief agency in the diversion of the trade to the south of Chi cago. Tho management of the New York Central Road, without which no such coali tion is possible, seems now fully convinced of the error it committed in pooling with the other lines on a basis of mileage.—a system of pooling, by the way, which is unscientific and necessarily unfair to some of the parties to the arrangement. Thus there is a differ ence of about 100 miles between Chicago to New York by way of the New York Central Road and between the same cities by way of the Pennsylvania Central ronte. Tho run ning distance is 200 miles less, we will say, from Chicago to Baltimore or Philadelphia by tho Pennsylvania Central or the Baltimore .& Ohio, than from Chicago to New. York by the New York Central Road. Any arrangement, then, requiring a fixed rate per mile on all the roods necessarily operates against the New York Central; and tho effect of this, as was discovered last winter, is to discriminate against Chicago. But Mr. Vanderbilt now announces it as his intention to decline all propositions for agreed rates that shall not be based upon longitudinal rates from "West ern points to the seaboard. In the failure to establish rates on this basis, he declares that he will continue to manage his business in his own way without reference to other roads. Wo believe that he is in a position to do this. For, though his road is somewhat longer, it has topographical and other ad vantages which enable it to carry freight at even less cost than the shorter roads to the seaboard. It runs comparatively on a plane, and avoids the necessity of elevating and lowering its freight nearly a mile between the two termini. It has su perior track facilities (two double tracks), which avoid the delays and accidents that the others must endure. The result is that 200 tons of freight can be hauled from Chi cago to New Y r ork over the New York Central Road in quicker time and at less cost than over the other roads. Herein consists the justice of Mr. Vanderbilt’s claim that the difference in mileage shall not operate against his road, and herein also consists his ability to enforce this claim if it be resisted. If ho stand by it firmly, as self-interest suggests, Chicago will not again be forced to contend against the inducements which the Pennsyl vania Central and Baltimore & Ohio were oble to offer last winter for the direct ship ment of grain from the interior points to Philadelphia and Baltimore, avoiding Chicago altogether. Of course there is a certain part of the grain trade which formerly came to Chicago that will naturally seek a more direct route to tho seaboard through the later railway con nections. Some of the grain of Southern Illinois, Missouri, Kansas, and the Indian Territory will go direct to Baltimore for shipment to Europe, and there is no longer any reason why such of it from certain sec tions os seeks a market abroad should first come to this city. But there is no reason why this loss should not be more than coun terbalanced by the furnishing from Chicago of all the grain needed for the growing local consumption of Canada, New York, and the New England States, and also all tho grain for foreign export that comes from North ern Illinois, Wisconsin, lowa, Minnesota, and the great and rich Northwestern coun try. The railroads reaching this territory centre in Chicago, and tho outlet by water and rail offers facilities superior to every other market. This trade is permanent in character and growing in tendency. It can not be turned away from Chicago except by the blind stupidity of the Chicago people themselves in refusing, as they never have done before, to provide proper accommoda tions, fair treatment, and reasonable charges in handling it. The only serious danger, then, that threat ens the Chicago grain trade may be over come by the Chicago people. The same en terprise, energy, foresight, and fair dealing that secured the drift of the grain trade to this city in tho first instance may retain it and increase it from now on. There are certain things that ought to be done at once. There should be a radical change in the so called anti-comer rule of the Board of Trade, the effect of which has been proved to be in the interest of those who desire to keep down the price of grain in this mar ket The merchants of Chicago who are members of tho Board of Trade, but not in the speculative crowd, should begin to look into this matter for themselves. If they dis cover, as we believe they will, that this rule has deprived the Chicago grain market of its former buoyancy and elasticity, that it has defeated the efforts to keep the Chicago prices for grain uniformly higher than those of the Eastern and foreign markets, and that its operation has caused the fanners to seek other markets in preference to Chicago for their wheat and corn, then they will not be slow to move for the repeal of the rule. The merchants cannot afford to be made sub servient to either one or the other of the speculative cliques on the Board of Trade. They are confronted with the fact that the grain trade is falling off, and they must know that their own business will necessarily follow the grain trade, and either increase or decrease in proportion. This is their first and only interest in the effect of the present rulo for the settlement of time trades on the Board, and their personal examination of the matter should begin with this end in view. At the same time there should be a vigor ous movement to reduce the switching, ele vator, and oil other terminal charges on grain to as low and fair a figure as prevails in any other city. The practice must be abandoned of carrying a lot of empty ware houses by the increased charges of those which continue to do the business. The term of first storage charges must bo changed so as to conform to the different necessities and desires of the different shippers. New York should also do something in the same direc tion, for in this matter the interests of New York and Chicago are identical. With the proper facilities at both ends for handling the grain at reasonable charges, the tendency to a decline may be changed to a tendency to an increase in the grain trade of both cities. ‘ THE BERLIN AGREEMENT ABOUT TURKEY The agreement at Berlin between the Em perors, and their Chancellors, of Austria, Germany, and Russia, with reference to the policy of theso three Powers towards the brutal Turks and the Sclavio Christian in surgents, does not seem to meet with that cordial greeting which was expected, nor does it seem, at present, at least, likely to promote relations of harmony between Tur key and her rebellious subjects. England has set her face like a flint against the agree ment, evidently because she is not yet satis fied as to the ultimate designs of Russia with regard to the Eastern question, and therefore does not care to commit herself to any policy. It is not likely that she will In any event as sume an active policy. She has Egypt in her clutches, and will quietly wait the opportunity to steal off with her plunder when the other Powers become embroiled in this gigantic war of races, which now looms up in the Eastern horizon, and will settle France’s claims ns best she may. Still more import ant than England’s attitude towards the agreement is the announcement that the Sul tan himself will not accept the agreement, but will demand that the European Powers shall keep within the limits of the Paris treaty, and not interfere with the internal affairs of Turkey. As there is every probability that Turkey will reject this agreement, therefore, —in fact she could not carry it out if she accepted it, —the terms of the agreement become of interest. Yesterday’s dispatches give ns the first full summary of them. It contains six distinct propositions. The first provides for a two months’ armistice; the second,* for a restoration by the Turks to the Christians of their houses and churches that have been destroyed, a supply of fuel for one year, and exemption of taxation for three years (a measure which the Turks would not agree to if they could); the third, for the appointment of a Commission, to be presided over by Christians, to distribute this relief; fourth, for the withdrawal of the Turkish troops, except from six fortress es, until the complete pacification of the country; fifth', that the Christians shall not lay down their arms until the Turks have carried out their reforms; and sixth, that the Consuls or delegates of Germany, Austria, and Russia shall superintend the general exe cution of the reforms. • It will bo seen that the propositions of this agreement make no concessions to the Turks, but, on the other hand, are drawn in the di rect interest of the Christians. They con cede every one of the reforms asked for, and, while they compel the Turks to evacu ate the Christian provinces, except in garri sons, they allow the insurgents to remain under arms until the reforms are accom plished. The Turks would not accede to these demands if they could; they could not if they would. They have already failed to make easier and less exacting reforms which they had promised; and the insurgents, knowing the futility of waiting for any fur ther reforms, have determined to continue the war, notwithstanding the agreement, until the independence of Bosnia and Herze govina is conceded. In view of the utter improbability that this agreement will conduce to the establishment of pacific relations between the Turks and Christians, the active interference of the three Powers must bo the next step. That Turkey will reject the agreement is already shown by the fact that the Sultan has called out all the reserves. What the result of the contest will bo is still more eloquently shown by the announcement that the cash in the Turkish Treasury has given out. It is already intimated that the three Powers are to meet again at Ems very shortly. In case the re sult of that conference should be on armed interference, then the contest becomes in re ality a war of races, —a struggle for existence between the Mohammedans and the Chris tians, with the sure result that the latter must be victorious. All the Sclavonic races north of the Balkans, incited by years of op pression and the cruelties growing out of re ligious fanaticism, will spring to arms. Eou mania, Bulgaria, and Servia,with theirwarlike mountaineers, will swell the little armies of Herzegovina, Bosnia, and Montenegro, and hurl themselves in irresistible masses upon the Turks. It will be a brief but decisive contest. The Turks can only occupy their present foothold north of the Balkans in the relations of serfs to the Christians. As they will never consent to this, they must be ex terminated or else driven south of the Bal kans, forced closer to Constantinople, and across the Dardanelles to their original Asiatic possessions, where they will speedily be absorbed among the Asiatic races. It is by no means an impossibility that the out come of this Eastern difficulty, which is now a year old, will be the blotting out of Turkey from the map of Europe, and the blotting out of the Turks from the family of nations. And this would be a consummation in the in terests of religion, civilization, and progress. At the meeting of bankers, citizens, and others yesterday, an extraordinary letter was read from Mr. Hates, which letter will be found elsewhere in The Trisuke. "When it is remembered that Mr. Hates was removed a week ago, and that the City Council con firmed the appointment of his successor, this letter from him is open to the term “pe culiar.” Having been relieved from office, he is doing violence to his own credit and standing by this pretended claim to an office he did not want. His claim to be “fiscal agont ” of the city might provoke a smile were it not for the announcement that he bolds two millions of city scrip which he and Colvin signed in anticipation of their removal,, and with which they were, we suppose, to carry on a sort of inde pendent Government. Mr. Hates has about as much authority to sell city bonds or certificates, or to create any city indebtedness, as Miss Bailey has. He has no authority to sell bonds or perform any other official duty as Comptroller, except to hand over the books and other public prop erty to his successor. He is officially de funct. So long as Mr. Hates confined him self to lamentations over the loss of 'his office, —which office, by the way t he has always said he held at a great personal sacri fice, —his complaints were harmless. But now that he has set himself up as a “ fiscal agent ” of the city, and offers to sell bonds to the amount of two millions of dollars, he puts himself in a less favorable light, and warrants the suggestion that he is himself anxious to bold the office. He forgets that the credit of the City of Chicago does not depend upon his being the Comptroller; that the money to be borrowed is to he borrowed upon the credit of the city, and not upon that of the Comptroller; that the personal and official credit of Mr. DERICKSON is fully equal to that of Mr. Hayes; and that his present proceedings look very much as if he sought to destroy what he is not allowed to govern and control at his pleasure. His letter is an indication of moral weakness which is not natural to Mr. Hates, and it is to be hoped he will discover how rapidly he is wearing away the patience of his wannest personal friends. LOSSES Df THE ART-WORLD. The dispatches in yesterday’s Tbiduxecoh* tained two very important items relative to the fine arts, which do not often figure in the telegraph columns of the daily press. The first of these was the destruction by fire at Cincinnati of the mammoth painting of “The Prodigal Son.” The patient work of years was destroyed in a moment’s time by a careless janitor. Probably no other painting in the United States—not even Church’s “Niagara ” or ‘‘Heart of the Andes”—was so well known, or has attracted so much popu lar interest. It had been exhibited in all the principal cities of the couutry, and thou sands of people had visited and admired it, both on account of the familiarity of the subject and the immensity and grandeur of the artist’s design, as well as of the brilliancy and beauty with which that design was executed. "While we would hardly place it among paint ings of the first rank, as judged by the standards of high art, it was nevertheless a noble work and a public educator, and its destruction thousands of people will almost feel os a personal loss. Commercially speak ing, its value was very large, as it was con stantly yielding a large interest to the owner upon his investment, which the insurance will fail to make good. Another notable picture was lost on the same day, but not by fire. It was Gains borough's portrait of the Duchess of Devon shire, who bought votes with’ kisses. It had been sold only a few days before for the enormous sum of §52,500, which was about the price set on “ The Prodigal Son,” and the owner hardly found it in his possession be fore some thief cut it from its frame and carried off the fair Duchess. The first question that will occur is, "What will ho do with it ? It would seem to be an elephant in the hands even of the most expert thief. He cannot openly sell it, nor would any pawnbroker take it in pledge, or reputable dealer dare to buy it. The practice of stealing pictures from their frames, however, has been reduced to a science, and there is evidently a ring formed between these picture-thieves and dis reputable dealers, by which the plunder changes hands, and money is made out of it before it gets back to the hands of the original owner, as it eventually must. It will be remembered that one of the saints was recently cut out of a Murillo picture in a Spanish cathedral, and that his saintship traveled about Europe for some time, and that after a year’s absence he turned up in a New York picture-store, where he was reclaimed by the cathedral and taken back to his home above the altar. The Duchess of Devonshire may have a like fate, and even tom up in Chicago some day as the result of a cheap bargain, but she will get homo again. She is too valuable to keep, and is too well known to remain in one place any length of time. Mr. F. 11, Riddle, a delegate from the “West Side ” to the State Convention, ami there ap pointed a member of the Platform Committee, wishes to be set right before the public. A communication by a delegate from the First District which appeared in yesterday’s Tribune said that U F. H. Riddle is in favor, as I under stand liim, of the Government issuing all the currency and legislating the National Banks out of existence,” etc. Mr. Riddle says he never told any delegate anything of the sort; that he Is a hard-money man, and not a rag babyite, and, furthermore, that he is a Bristow mun, and there were a great many more of them in the Convention than is supposed. He admits that the whisky-ringaters, and those who sympathize with them, w ran ” the Convention to the tunc of Anybody to beat Bristow. Mr. Riddle is free to admit that the platform framed by the Committee is a rather poor job of carpenter, work, and that it is ditlicult to comprehend some parts of it. He tried to get a Civil-Service plank, but the controlling spirits of the Committee would consent to an avowal in favor of no reform of that land. A meeting of the Cook County delegation to the late Republican, State Convention was held the night before the Convention at Agri cultural Hall, Springfield, for the purpose of choosing a Delcgatc-at-Large to the Cincinnati Convention, which choice, the explicit under standing was, the Convention of course would ratify. At that meeting Capt. Geohgb Schnei der was almost unanimously chosen such Dele gate-at-Largc, which was ordered reported to the Convention in the usual order. When the names of the delegates were in the regular routine of business reported to the Con vention for confirmation, it was impossible, from the seats assigned the Cook County delegation, to distinguish the names reported. Nothing, however, had occurred to lead to suspicion of any bad faith, and assuming that the name of Capt. Schneider had been reported* the dele gation voted for confirmation of the nomina tions reported. But after the Convention had adjourned, it was discovered that somebody, in deliberate fraud upon the Cook County delega tion, had struck out the name of Capt. Schneider and substituted the name of George S. Banos, late Mail Agent, in the report to the Convention. This performance was simply an atrocious outrage upon Cook County of the same sort and no less infamous than the ballot stuifing exploits of Ed Phillips and Gleeson, —the object in each case being to cheat the peo ple out of their choice, and it is an outrage to which the Republicans of Cook County will not tamely submit. Mr. Schneider has been a Republican since the organization of the party, has done distinguished service as editor of a German Republican journal, and is a man of the highest standing and unimpeacha ble antecedents. He was swindled out of his election, as has been stated, because he was believed to be for Bristow, but in truth be cause he would not have permitted his vote at Cincinnati to have been controlled by the ma chine politicians. The responsibility should be fixed for this disgraceful machine-swindle, whereby Mr. Schneider, who was elected as Ddegate-at-Large to Cincinnati, was cheated out of his scat, and Mr. Bangs, who was not elected, was thrust into It The somebody who substituted the name of Bangs, who was not chosen, for that of Schneider. in the interest of the machine, should be held to sharp accountability. That some body The Tribune has been informed by letter and orally by a number of delegates was Mr. Charles B. Fabwell, and it now devolves u> on him to rise and explain what share, if aav be had in the matter. Information is wanted upon that subject, and Mr. FARWELLcan Impart it none too soon. But the matter should not rest at that. Mr. Schneider is entitled to the place in the delegation that by fraud has been assigned to Mr. Bangs, and Mr. Bangs should forthwith step down and out, restoring to Mr Schneider the place that to him belongs. PERSONAL. Tennyson has headed the subscription for Walt Whitman’s poems in England. The testimonial fund for Capt. Webb, who swam across the English Channel, has reached about S^O.OOO. Bartboldy, the French sculptor, who modeled the colossal statue of Liberty for New York harbor, is now In that city. The Madrid correspondent of the Paris Joumdi writes admiringly of the Prince of Wales: “Hell a man of iron.” Brains and all? Dom Pedro says the Corliss engine at the Centen nial show beats the South American Republics is number of revolutions per minute. G. W. Childs is 50 years of age. His business proOts, mostly obtained by short (lights of tin obituary muse, arc said to be SIOO an hour. The lecture-agent of Mr. Theodore Tilton deniei unqualifiedly the stories of the latter’s drunken ness circulated by country newspapers in tht West. • Mr. Richard Scuddcr, the man who wrote that alunninglic known as the Dc Souza-Cabral wedding hoax, hue left the Albany Journal and become a Methodist preacher. e The latest device of the circulators of advertising cards is to place them in envelopes Inscribed; “To the Lady of the House—For yonr life do not open this before eight minutes past 8 to-night. ” Dr. J. Adams Allen has been selected as the ora tor of the thirty-sixth Annual Convention of the Chi ps! Society, which Is to be held at Middlebdry Col lege, Vermont. This will necessitate his absence from the city for the next two weeks. All the large prizes at the public-spelliag-bees in London arc won by a few experts connected with publishing houses, who know the dictionary by heart. One of the experts has lately been adding £2O a week to his salary injhis manner. Gen. Banks says bis 4 ‘heart would ponritsclf oot in tears” if the Charlestown Navy-Yard should be wiped out, for it would be degradingand dishonor ing Bunker Hill. The General Is supposed to have been writing a Fourth of July oration whea he paused to make tills remark. The affecting story of an old man who fell asleep In an Omaha cbnrcb, and got bis no?£ wedged in a book-rack and had to be hewed out with an ax, should be a warning to somnolent persons in middle-life the. country over. We fear the first effect of it will he a strong movement for the abo lition of book-racks. A foolish yonng man has written to one of the newspapers in New York that he proposes to get drunk every Sunday until the law forbidding the sale of liquors on that day is repealed. It is thought that if be should terminate h!s career in his frenzy the result wonld not be so severely felt by the com munity as by himself. Prince Bismarck received an address recently from some tradesmen, complaining of the dullness of trade. In reply the Prince wrote a terse letter, saying that he was not a whit better off; that the produce of his estates sold only at nnremnnerative prices, and concluding by exhorting his fellow-suf ferers to patriotic patience in expectation of better days. At a meeting lately held in New York to protest against the enforcement of the Snnday liquor-law, the Rev. Father Scheibel justified the drinking of wines and liquors by alluding to the practices of the founders of Christianity and the Sacrament in stituted by Christ. He indignantly denied that the clergy had incited this movement against liquor selling on Sunday. Susan B. Anthony discoursed at the Parker Me morialinßoston, Sunday morning, on 44 Woman and Social Purity. ” She remarked, by way of pre face, that, being a Quaker by birth and education, she didn't know os she could even read a hymn, but she made out to, nevcrthelss, and also wore her pull-back and jewels as gracefully as if she had been one of the world's people. Custer committed his great indiscretion when he wrote in the Galaxy that McClellan was a soldier “whose mental training and abilities were of a higher order, and whose military qualifications and knowledge were superior to those possessed by any officer who subsequently led the Army of the Potomac to battle.’* Gen. Grant would be more than human if he could submit calmly to this from a subordinate. The Washington correspondent of the Saturday Evening Herald writes: “The engagement of Misi Frclinghuysen and Hr. Chandler Robbins is not only postponed, but broken off entirely, owing to the gentleman’s wish to have, the wedding post poned after the cards had been made ready. Thil he did four times with his first wife, and Senate* Frclinghuysen wisely concluded such a man could not make his daughter happy.” Ernst Von Bacdel, the aged sculptor, to whose unilagging exertions the erection of the Hermann monument In the Teutobnrg Forest is due, is go ing to Italy. During his stay in Southern German} he received many proofs of public sympathy and recognition. He is 78 years of age, but still in vigorous health. Besides his work with the chisel, he is now writing bis memoirs. For pleasure and exercise, he climbs the mountains, and manifests no fatigue. It may not be generally known to the readers of The Tkibcnk that there Is at present in this city an excellent copy of one of Corregio’s master pieces, “Jupiter aud To. ” It is from the easel ot Mr. Julius Gollman, one of our best known por trait and figure painters, who, having disposed ol the remainder of his Works, will shortly leave for a permanent residence in Europe. Mr. Gollman’s studio is in Tue Tribune Building, and he will be pleased to exhibit to connoisseurs what is more than a copy, a translation os it were, of one of the greatest works of one of the most renowned of the old masters. An English theatrical paper announces a suit bj a costumer against “Mrs. Powell” to recover $57.50, the value of a white satin dress supplied to her at the theatre for her Grande Duchess* role. She contended that the management paid for anch trifles, and won her case. The item is giv en here as of possible interest to the impressible young men who went mad about Emily Soldene when she was here. Emily Soldcnc is Mrs. Pow ell, and The Tribune will add, for the benefit ol the critics who said when Miss Vcazey was playing with her that the latter was a formidable rival, that Miss Vcazey Is Easily Soldcnc's daughter, A lilcrarv hoax not often written about, hut almost equal in its way to those of Ireland. Mac pherson, and Cbatterton, was perpetrated in 1704 by a person calling himself George Psalmanazov, who claimed to be a Christianized native of the Island of Formosa. He published a book purport ing to be a * ‘ History and Description of the Island of Formosa,” profusely illustrated, and explaining the habits, religion, and political institutions ol the people. He was made a hero of in London society, bat becaine stricken with remorse and con fessed his fraud. lie was a Swiss, and had been encouraged and assisted in his scheme by on army chaplain in Holland, who brought him to England, and obtained the necessary introductions for him- The Joan of Arc festival at Orleans, France, seems to have been imposing and animated in the extreme. Monday morning, May 8, there was a grand religious ceremony, attended by every one in the department entitled to wcaj a Judge's gown, an embroidered scarf, or a tri-colored scarf. Monsignor Dopanloup, assisted by an American Bishop, officiated at the Pontifical Mass. The Marquise de McMahon, sister-in-law of the Presi dent, made a collection. She was attired in a bine tonic, embroidered in white, and a bonnet entirely composed of peach anApcar blossoms. The Mayor of Orleans held her immense round bouquet, and gave her bis arm. The Abbe d'Uulst, Vicar-Gen eral of the Archbishop of Paris and Archdeacon of St. delivered a panegyric on the Pucelle. The sermon hit hard at Engliah heretics, German** and French Republicans.