TUti DAILY -EVEKING TELEGRAPH PHILADELPHIA, . FRIDAY, NOVEMBER 22, 1867. SPIRIT OF THE TRESS. EDITORIAL OHSIOB8 0 TH1 HADIW JOIJRJUM rrON OURBBST TOPICS COMPIL1IO FVHBT DAT FOB THB BVKHIHO TKLBOBAPH. Thl Indian Treaties. 'JFVmWA; Y. Independent. Our treaties with the Indian tribes hare gonerally been like words written in water made only to be broken. But on whioh side lies the blame f Without any desire to exalt the character of the red man unduly, we say without hesitation that, had the border whites and the Government agents kept tholr part of the treaty obligations inviolate, the Indiana would have kept theirs, and hundreds of lives end vast sums of money would have been saved. This fact should be kept in view when we estimate the worth of the treaties recently made with the Kiowas, Comanches, Chey ennea, and other Western tribes treaties that secure to the border whites toe frequently the worse than savage advance-guard of civi lization many valuable privileges and rights; ftnd which, we venture to say, will first be broken by the whites. Thus far the Indian Peace Commission has leen remarkably successful. When it wa3 gent out, several months ago, a general war of extermination appeared to be Imminent, in deed almost unavoidable. But the distin guished soldier to whom was intrusted the diffioult task of negotiating with the tribes has performed his task so well that all danger of bloodshed has been averted, and peace con cluded upon terms that give promise of the permanent settlement of our Iudian troubles, provided that we keep faith ourselves with the savages. The first treaty was signed this fall, on the 24th of October, with the Apaches, a small tribe, consisting of seventy lodges only. They had previously been arrayed with the Cheyen nes.againat the Government, and had suffered great losses in consequence. Their annuities Lad been withheld, and they 'were gradually sinking back into their former barbarous habits when news of the peace commission reached them. On receipt of this intelligence, their chief. Poor Bear, despatched messengers to gather in his scattered brethren. Some of these bands were along the Mexican border, waging war on Americans and Mexicans alike, Bubaiating by indiscriminate pillage, and ra pidly wasting away by battle and disease. Yet, at soon as they heard that peaoe was pos sible, they hastened to the general meeting plaoe, at Medicine Lodge creek, where the assemblage of Indians amounted to more than fire thousand souls. After a long and serious consultation, a treaty of peaoe was signed, by Whioh the Apaches are settled upon a reserva tion adjoining that of the Kiowa aud Comanche agricultural reservation.- J-xoluaive of their Annuities, they are to receive five thousand dollars a year. Instead of the fifteen dollars a head formerly paid to them aud which too Often went for whisky each male.adult is to receive a suit of clothes, aud each woman a dress made of woollen material. It was also agreed that, until the Apaches remove to the territory set apart for them by this treaty, they shall be permitted to range at pleasure . throughout the unsettled portions of the coun try they originally claimed as theirs; that is, f , throughout the whole Indian territory, from . the southeast comer of New Mexico up to the , Arkansas river. m . The negotiations with the Cheyennes were .. more difficult and complicated, on account of . the shameful atrocities to which this tribe had teen subjected." Many of their people were - massacred by Chivington's band of white sav . . ages; and, bast spring, while the tribe were at peace with us, their village was plundered aud set on fire, causing a loss to them of more than a hundred thousaud dollars. Under these cir ; . cumstances, it is not to be wondered at that ' they declined at first to listen to the commis sioners, and hesitated long before affixing their signatures to the treaty of peaoe. It seemed to them more like mockery than the solemn ratification of a compact. But they were at ' length convinced that the commissioners were aoting in good faith; and all the chiefs then signed the treaty. By its terms the reservation - given to this tribe drops of all lands lying in Kansas, and extends the southern boundary from Red creek down to the Cimmarron river, sometimes called the Red Fork of the Arkansas. It is bounded on the east by the Arkansas river, on the south and west by Cimmarron, and on the north by Kansas, and contains eignt or nine thousand square miles. The Gov ernment agrees to give them an agency house and other necessary buildings for a physioian, farmer, miller, school-teacher, blacksmith, : etc Also it is stipulated to give them each a a suit of good substantial woollen clothing each year, or the necessary materials to make it; and, in addition thereto, to expend $30,000 . annually for their benefit in such articles as they may need. The Cheyennes refused to yield the right of fcuntiug north of the Arkansas river, as long as the buffalo is found there, unless they suo- - . ceed in making a living by agriculture ou their own lands; but they agree to keep away ten miles from all forts aud travelled roads, and withdraw all opposition to white settle ments, promising to defend them against all enemies. Similar treaties, differing only in unimport 'ant points, have been made with other tribes; and the devastating war which a few mouths ago threatened to deluge the border with blood has been happily averted. . . If the border whites will only keep their part of the treaties faithfully, and refrain from Inflicting wrong on the tribes, there need never be another Indian war. The old chief of the Kiowa nation, Satanta, uttered nothing but the truth when he Baid, in his eloquent fare well speech: 'I eorae to any that the Kiowas and. Ooman cnes bave aaaue with you a peaoe; and they lu tend to kep it 11 it brings prosperity to us we of oounte will like it the bet ler. U it brlugi rrosperlty or adversity, we will not abandon ft. t In our oi1raot, and It shall stand. Our people once oarrloji war Huainat Toxhh. Wo thought .'. . the Great ukher would not be offended, for the lexana bad gone out irom anion hl people, - aud become his enemies. You nJV tell us that they have made peace nd returned to the great family. The Ktowag aud Comanches will ... now wane no bloody tra i in their uuu. They have pledged their word, and that word Hiiall last, unless ttiewhltea shall break their con tract, and Invite the horrors of wr. We do mt break tiatifs. We make but few .,,,!. .," and them we remember well. The whiles nuke- j uiany mm iurj mo jiuuitj io lorget tliom . . The white chief seems not to be able to govoru Lis brave." Can a white man read these words without blushine for his race r" An Indian teaching ui ( - justice, teaching us the sanctity of treaty obli . gatious I For sbauie, that we should have to ' acknowledge the justice of the reproach. " ' The duty of the Government is clear. H must protect thea tribes from the rascalities . . i - i i i Of its ow n sprits, troui xue green ana um nionitv of border whites. "We want honest trader,'" said an old chief, during the con foreiue; and the Government should take steps to Bend out such traders wifh us. agencies. otherwise we may eapeot war. None is quicker than an Indian to detect unfair dealing; noue Is quicker to take revenge for it his only way Jipgutlrtjc himself; Let nona it readier to Ur at peace with his neighbors than this same In dian if his rights are respected. We suppose even Indians have rights whioh the Govern ment ought to respect, and which the bor derers should also be made to respect. Then we shall have peace. Cclrstlal and Terrestrial Phtnomina llottl Kflct of Injrslcal Forcti, JVom A iV. Y. Herald. Vesuvius is onoe again pouring its torrent of fire through the vineyards of Lachrymi Christi, and threatening to engulf cities as it did in the days when the world was first divided between the thoughts of Julius Cscaar and those of Jesus Chrisf. There is terror in the valley of Mexioo also, and the people are filled with alarm at the threatened activity of a voloano long extinct, whose blaze was per haps a beacon to the adventurous Cortes and a portent to the falling empire of the Moute zumas. News from the West Indies hints the devastation of an earthquake in the island memorable for its association with the name of Columbus and as the first seat of Spanish power in this hemisphere. From such diffe rent points on the earth's surface come the evidences that there is perturbation within; that the collision of the pent-up forces has for the time destroyed the balance. Simul taneously with these internal disturbances dependent upon them' by unknown relation we have also wonderful disturb ances on the surface storms in the air of scarcely paralleled power, hurricanes that have blown the sea oompletely over great tracts of land. Beyond our atmosphere, in open space there are stormes In the- stars, too shoals of nebulous matter have been lately driving across the earth's orbit, re bounding from the elasticity of our atmos pheric armor, or masses of this matter con sumed by combustion resulting from the contact, "or from the heat generated by the friction of their flight. In all the great divi sions of visible nature there is perturbation, destruction of the common order, perhaps derangement of natural and planetary laws. Yet it was long since wisely suggested that our so-called discord might be "harmony not understood," and this is a subject on which it is hardly safe to say that what seems to us derangement is not order. In whatever phrase science may state the relation between these several wonders of the universe for it seems difficult to believe that they are not related one with another it is doubtful whether the phrases can do more than disguise ignorance. When Moses said of somewhat similar wonders that "the spirit of God moved upon the face of the waters," he perhaps expressed the first oause quite as satisfactorily as soienoe can do it even now. Human observation has noted in every age that there is an agreement between the great perturbations in the physical world and those revolutions, changes, upheavals of society, those disturbances of political and moral rela tions that are in a common view regarded as due either to human pride, passion, and ambi tion, or to the direct interposition of a super intending "providence." Falling dynasties are associated in the oldest of human remem brances with the portent of some blazing oomet; and so following there is hardly an ill worthy the dignity of history but has had its attend ing or preceding signal in the heavens. Men readily associated these things in the ages when faith was a governing principle when it was assumed that they saw God in all that they could not otherwise explain, and when the ph ysh al wonder that came in the same period was naturally taken as a warning of some more strictly human event. But this is an inquiring rather than a believing age; yet we must still associate great stellar atmoFpheric or terrestrial perturbation with periods remarkable for human changes. We associate them inevitably because they come together as a matter of fact; and then follows the inquiry, Is the relation merely one of coin cidence, or did the thinkers who groped and guessed in the early dawn of intellectual light 'reason better than they knew f" Doubtless this inquiry is to be answered fully only when further discovery shall exactly develop the nature, power, and modes of actipn of that yet comparatively unknown principle eleotrieity. It is a remarkable characteristic of this prin ciple that it is at once a cause and a result of the greatest operations in nature while no more definite account ean be given of varying states of humanity, whether in respect to health in the common. sense or in respect to intellectual status, than consists in the alle gation of varying electrioal conditions. Is the ri.s nervosa upon wnicn our uauy ueauu, opi nions, acts depend, electrioity f Many im poitant experiments seem to indioate that it is nothing else, and that if it differs in certain respects it diners only as us natural medium of action does from those things that are the usual media of electricity. Well, this power, that so effectually determines for bettor or worse our daily acts, is also the spirit of the storm, and is generated and set free in perhaps illimitable quantities by those great chemical actions of nature of which the volcanoes, the eoinets; the atmospheric storms are only signs and symptoms. At the very time, men, that the volcano and the comet are blazing in their several ways, Infinite Tower is setting free'an agent, impalpable save iu results, that, acting through human brain and nerve, makes our pestilences as well as our wars, and originates, the grand revolutions and changes that illumi nate human history. In the present condition of the political and moral world, we may see that the agreement is still sustained between physical and. human phenomena. With volcanoes active in either hemisphere, with earthquakes tumbling down the towers of ancient cities, with the very eaith plunging through a stream of starry ruin, we find human society "undergoing in nearly every climate greater changes thau an of which the records have been kept from other ages. Europe is closing a great phase in its history. Men are looking upon the last days of that religious empire (the Pupal Church) which, seizing the falling soeptre of the Cifsars, established a more extensive, if less material power, presided over the birth of the modern civilization of law aud litera ture, aud fostered and secured the growth and development of that system which now pushes it from its pride of place. Asia, slumbering so long under the fallen ruins of former polry, is awaking at the touch of Europe, with liubia striding towards her across the steppes, aud inside Rebellion aiding the outside barba rians coming by the sea to break down an I throw open the only remaining one of the empires that were old iu the time of Darius. On this, continent changes of the most momen tous character tseemed but lately to be drawing to their close, as we saw the eud of the war iu Mexico, the languishing progress of that in South America, and the termination of the bloody struggle that had devastated ten of our own Btatfb; but there are indications that even yet we may have popular troubles almost without parallel-eruptions that, breaking through-the wust of eociul order, may simu late in terror and desolation some of those ereat natural events to which thev hh alii.l. Jt seems that there may well be a new heaven Mid. ft perr ewiu iu vir iwdn, new ti) g!on and a new olvilir.atlon before the timt comes again that all "shall stand still and be at rest." . gkirmo nd tliq Indian Qutttlou. Fromtht N. Y. Tribun. The fiery letter of our Montana correspon dent upon the Indian question isatruepio ture, net so much of the atrocities of the In dians as of the sentiment of the people of our Territories in favor of exterminating the red race. "They must leave the Plains or die," says our correspondent. "They have but the thief's title to any land whatever." "There are no friendly Indians on the Plains." "Send General Sherman to the Holy Land" and, in substance let loose the volunteers of the bor ders, and let us make all Indians lawful game till all are killed. Our correspondent is a geu t'eman of character and influence; and, though his letter bears internal evidence that he has ventured to narrate many things against the Indians on second and third-hand hearsay tes timony, and with far more tendency to exagge ration than is consistent with impartiality, yet as a setting forth of the sentiment of the peo ple of Montana and our other border territories iu favor of extermination, it is admirably graphic and true. We publish it to show how impossible it is to preserve peace with the In dians' so long as the whites are imbued with the faith in extermination and massacre of which our correspondent's letter is so faithful en illustration. There are two difficulties in the way of the extermination policy, viz : it is impossible, and disgustingly unjust, as all our army officers who have been called on to carry it out soon learn. Impossible, as it would be, by a fire of artillery to exterminate the mus quito3 in a swamp. Unjust, because investi gation shows that at least half the Indian difficulties arise from violation of our treaties, or by starvation and suffering in cousequenoe of the advances of the white race Westward. The treatment of the Indian question by General Sherman, as by all our regular army officers, has been characterized by that sense of justice and humanity which are the highest ingredients in statesmanship. Ever since Wil liam Penn reared a feeble colony into a popu lous province in the immediate presende of the red race, without firing a gun or losing a life by violence, humanity and justice have been the best coin with which to buy peace with the Indians, and they have been least current. The war code which prevails among the whites is, that for an offense committed by any on9 Indian, all other Indians are liable to be shot; and that if no offense at all has been commit ted, nevertheless, an Indian, like a black snake, deserves death on genefal principles, simply because he is an Indian. These senti ments may be read in any border newspaper, heard in any border cabin, and are frequently repeated not only in their bar-rooms but in their pulpits. In order to appreciate the essential barbarism of this code, we have only to reverie it and put it into the mouth of some gigantic savage like Red Cloud. Our correspon dent attributes to him a sentiment towards whi le men no more horrible; and accepts it as evidence of the inveterate fiendishness of the Indian race. Most of the fighting of the Indians with each other and with the whites arises from the fact that, by depriving them of their hunting grounds, we are constantly reducing them to poverty aud starvation. The wealthy tribes those which have llocks and herds give us no trouble. Their very property makes them peaceful, lint starving tribes, like men suf fering from cold and hunger, must steal. How, then, may Indians be induced to accu mulate property ? One mistake made In this respect by our Governmeut and missionaries has been the effort to turn them from a nomad savage life at one bound into a full-fledged civilized life, as farmers and villagers, without passing them through the intermediate stages. The Indian can very readily be di verted from hunting wild cattle to herding and pasturing tame cattle from a barbarous to a pastoral life. But he cannot be suddenly hoisted into civilization, changed from a vagrant of the wilds into a supporter of churches and sohools, from a hunter aud trap per into a ploughman and merchant. The aim of the Government should be, therefore, to lead the Indian, by easy gradations, out of the savage life into the still, nomadio, indolent, and free life of the shepherds and herdsmen. For this they show ready adapted ness and a natural inclination. Through out Sonth America and Mexico the Indians meet the whites on this intermediate plane, and are their equals. From thence they gra dually pass into civilization. A notable illus tration of this we see in President Juarez of Mexico, whose father and grandfather were herdsmen, and whose ancestors were savages. This syBtem of making treaties with the In dians as independent nations should be gra dually abandoned, and instead thereof they should all be placed under a military govern ment under the charge of the War Department. Tiiey need and as our settlements increase, Tvill need still more the strong arm of mili tary government to protect them against neighboring tribes, against the vagabonds and criminals of their own tribes, and against spontaneous guerilla warfare from the whites. To this end, -military posts permanently esta blished at points accessible to all our Indian country, aud in charge of Regular Army officers, and an Indian Bureau, corres ponding in organization to our Freed men's Bureau, . would greatly contribute. Through these means the Indian races might be assisted in their efforts to grow herds of cattle, and horses, and swine, and flocks of sheep and goats, and become a valuable addi tion to our national industry. The "magma cent distances" of the great West leave them still time and room to emerge by natural steps from savagery to civilization before their lauds will be taken up for farms and towns. But to accomplish this great and . humane end the whole Indian question needs to be acted upon as one question with uuity of design aud a permanent policy. In accordance, we believe, with the views of nearly all the officers of our Regular Army who have had experience in Iudian affairs, this could not be better done than by creating an Indian Bureau within the War Department, having absolute charge of an luuiuu anairs, under the control of some experienced, humane, and sagacious soldier like General Sherman. One leading object of sucu a imreau would be to maice the Indians immediately peaceful and nrolitable bv en couracing and protecting them in enterinir upou the occupation of shepherds and herds men, for which they have already showmvery required capacity, and in which many of the tribes, aimost unassisted, have made com mendable progress. Centralisation Not Ksaentlal to Nation allly. From the N. Y. Timet. The speculative republicaus of Eugland, a letter-writer has recently told us, consider a President an obstacle o perfect democratic government.' They would have .the Legisla ture directly representing the people, the role ccn.tr pf patlou&l ponr. The oklel administrator should, in their opinion, be the nominee of Congress, tUe agent for carrying out its will, and having no title to office In dependent of its pleasure. A President, wield ing me powers eonierrea by the Oonstitution of the United States, is, in their estimation, little less than an elective monarch; and iu their hatred of kingcraft they would destroy all semblance of royal authority. Their plan is to 'decentralize as much as possible, and though on this particular point they push their view absurdly far, their general idea of national authority is a vast improvement upon the theoretical republicanism of France, where the vices of centralization have been the most formidable to the success of government by the people. In this country speculative statesmanship runs in exactly the opposite direction.. Our I'Ktrinniret are anxious to engraft upon the Government the centralizing crochets of the ! ronch dreamers of the last century. We are called upon to advance by going backwards. We are asked to perfeot republicanism by adopting a principle which leads logically to monarchy. It is proposed to interpret the purposes of the founders of the republic in the light of the partisan aims of to-day to assume that they did not fulfil their own intentions, but on the contrary framed a system at variance with their convictions and to sacri fice the strongest feature of our system to give effect to the caprices of a philosophy at once sentimental and unsound. These opposite tendencies in the minds of theorists who profess an equal devotion to republican principle have their origin in the passions and prejudices of current political discussion. The English workingmen, who manifest their hatred of Presidents by dispen sing with them in their organizations, are actuated by a desire to avenge the quarrel of Congress with Mr. Johnson. They have a notion that Mr. Johnson has aped regal pretensions, and that there Bhould be no hindranoe to the will of the law-makers. Mr. Sumner, on the other hand, is affiioted by a sense of the difficulties that block the path to absolute political equality. In his eagerness to reconstruct the Union in the interest of the negro, he is prepared to disregard the Constitution, deprive the States of powers expressly vested in them, and remodel every thing according to his philanthropio inclina tions. Mr. Sumner, in fact, has in his own mind discovered that thi3 country cannot be truly called a nation until its people make him their Uamanei, and give prompt eiiect to his commands. We fear that the irreverent multitude deem silly the sophomorio utter ances which he evidently intends to be sublime. Beoause the Southern doctrine of State sovereighty which lay at the root of secession is an exaggeration and abuse of the doctrine of State rights, Mr. Sumner would legislate the latter out of existence. To constitute this Union of States a nation, he would make the Federal Goverment supreme absolute in all matters. Its decrees should .define the func tions of States and extirpate the idea of rights by reducing States to the grade of municipali ties, having - no privileges save those whioh Congress may concede. By a simple enact ment he suggests that the States shall be de prived of control over the franchise, all nrovi sions of the Constitution to the contrary not withstanding. Indeed, the question he affects to expound is treated strictly as a question of the Oongressional will. The (Jonstitution is nothing. The rights and powers of the States are nothing. All must give way in order that Jir. fcumner may convert this into a brand new nation a nation that shall be a nation, and no mistake. But State rights, properly understood, are not to be snuiled out of existence by a couple of hours' oratory. Something more than Mr. Sumner's worship of centralization is needed to convince the American people that it is ex pedient to abandon the distinctive principle of their republic, and tafee, refuge in the flimsy products of French philosophy. The glory of tne revolutionary lathers was that they were practical in their patriotism. They compre hended the value of looal government as the source and safeguard of Saxon liberty. They understood that centralization pushed to an extreme is a foe to freedom, and is the foun dation of monarohy. Therefore they defined the powers of the General Government, and threw around the States guarantees as clear and strong as those by which Congress itself is ioruned. Mainly as a consequence of this application of the Federal nrinoinle. our conn- try has grown almost in a lifetime from in fancy to a giant's estate. Its system of decen tralization has made the best parts of the con tinent ours, and has facilitated that marvellous adaptation of government to remote looal pe culiarities and requirements which has elioited the admiration of the world. What Mr. Sum ner arraigns as a cardinal blunder has, then, been proved to be the Beoret of success. The country derives its magnitude and power from the growth of the States, and these again have prospered because organized with well-defined and fundamental rights. Undoubtedly the war led to some new ren derings of the constitutional provisions touch ing the relative powers' of the general Govern ment and the States, and to an enlargement in some directions of the powers exercised by the former. It has decided dogmatically aud for ever that the State rights principle, so called, affords no warrant for the heresy of State sovereignty that the States individually are not justified in nullifying, and will not be per mitted to nullify, the authority of the Union in matters pertaining to its exidteuce. The war has probably served, moreover, to recon cile the country to a stronger central Govern ment than was previously considered neces sary. But here the change has ended. And we think that persuasives more potent than Mr. Sumner's oratory will be required to induce changes of the sweeping character which he proposes. For, despite his romanc ing, the war developed a sentiment of nation ality strong eHough for all purposes. The people needed no theorizing and no poetry to enlist their energies in behalf of the imperilled Union. They neither misapprehended the re lations of the States to the Governmeut, nor paused in the assertion of that national life which grew aud prospered before Mr. Sumner embraced the theory of absolute, tyrauuical centralization. It may be desirable, as Mr. Sumner says, ti secure equality of political rights throughout the Union. A national franchise standard may be a proper corollary of the national a.-seition of civil rights. It does not follow, however, that to attain objects in themselves desirable we should resort to means that are unlawful. Great men, geniuses, born states men, philosophers, and orators, may find their self-sufficiency snubbed by the plain letter of the Constitution forbidding what they pro pose. But the people are not prepared to trample that instrument under foot, even to gratify Mr. Sumner, or to establish universal negro suffrage iu evry State. They may err in their preference for a nationality formed by a union of States to French philosophy aud a consolidated despotism; but the preference exists in a form too decided to be misunder stood. There is less reason for regretting the fact, since the Constitution provides a method by which the question may be settled unl Jormly without difficulty, S Ut, tfaiuiittf OLD E Y E W H'l SKIES. THE LARGEST AND BEST STOCK OP FINE OLD RYE' W H I S K B 8 In the Land is now Possessed by HENRY S. HANNIS & CO., Nos. 218 and 220 Seuth FHOWT Street, WHO OFFER THE NAME 10 TUB TRADE, IN iOT, OJT VERY HIVANTAi:otJS TERM. Their Stock of Rye WhisWes, in Bond, comprises all the favorite brands extant, and runs through the various months of 18G5, 'UG, and of Liberal contracts made for lots to arrive at Pennsylvania Railroad Depot, Ericsson Lin Wharf, or at Bonded Warehouse, as parties may elect. therefore, would talk to some purpose, we rrtommend him to drop the impracticable scheme of legislating negro suffrage into the Northern States, and to adopt in its stead the more sensible plan of agitating for a constitu tional amendment. lie must work with and through the States, or the rights of the States will prove too much for his rhetoric. Opinions. From the JV. Y. Tribune. The Attorney-General is one curious in stance (as Mr. Johnson is another) of the importance which mankind attach to the views of those who are much talked about. If Mr. Stanbery were only a private manufacturer of writs, or a dispenser of advice in chambers upon moderate terms, nobody would think of making a long journey for the purpose of pur chasing his opinion; if anybody should give constitutional arguments over the signature of "X. Y. Z." in a Washington newspaper, the serenity of the land would not ' be in the least disturbed. Alas for the destiny of nations 1 This great republic, with alL its performance and with all its promise, with its immense population and its remarkable commerce, and its extraordinary wealth and its conceded in telligence, and its brilliant hopes and its swarming newspapers, and its widely-diffused education this noble specimen of po litical progress, is agitated by the fact that somebody with the initials "II. S." sends a legal opinion to the newspapers, and the opinion being entirely wrong, it is universally attributed to Mr. Stanbery I And being supposed to be his, it is thought to be of some importance t and it is further thought that perhaps the Bkies may fall, aud that the river is in danger of combustion! The legal opinions of Mr. Johnson and Mr. Stan bery 1 Why, Mr. Sampson Brass and Miss Sally, his sister, were certainly a more en couraging brace. Supposethat this opinion had really turned out to be that of Mr. Stan bery what then f What is there so fright fully mysterious about the Constitution ? If it were in five hundred volumes, and written in a dead language, and edited by a transcendental philosopher, aud calculated by its oocult pro visions to drive investigators mad; if it were something which it required a long life and a longer head to comprehend, we might throw ourselves upon the mercy of a pundit like Stanbery, or trust with child-like confidence in the expositions of the President. If it be so unsatisfactorily dubious in ' its language that Congress cannot tell when to meot, how mnch less can Congress decide what laws it has authority to enact 1 If the two mys terious initials, "II. S.," so fright us that we forget that there may be another Henry in the world besides Henry, the friend of Andrew, we might just as well be the subjects of Stan bery, governed by his decisions and guided by his opinions, and politely hail him as our mentor and master. But having made up our minds first, that there is nothing to be frightened about in "II. S.," whether it mean Henry Stanbery, "or Horatio Seymour, or Hor aoe Smith; and, secondly, that Congress does not meet by permission of Mr. Stanbery at all having determined that Congress has also a right to adjourn without Mr. Stanbery's per mission, we are, then, in no danger of any fatal shock to our nerves. Fix for once, iu your mind, dear reader, the precise value of Mr. Stanbery's legal opinion, and you will be able to smile, and even to sinir. whatever communications signed " H. S." may be printed. As there is no limit to the inge nuity of the legal mind, suppose "H. S" should put" out an opinion that Congress has no right to meet at all without written permission from the President f Do the wheels of the Government go by his permis sion? and is the motive power of all our law making and law-enforcing mysteriously hidden either in his brains or his books ? As it is im possible to give an affirmative answer to these questions, we would warn the excitable people of this country against panics which, after all, may be occasioned by the fact that there is another "H. S." who gives opinions, aud who writes for the newspapers. It may be reas suring to reflect that there is a power behind the Attorney-General greater than the Attorney-General himself that the representatives of the people will probably prove equal to any emergency whioh may arise, and that Con gres can and will meet whenever and wherever time and place may seem to it to be legal. Meanwhile let every man study the Constitu tion for himself, t It is an easy document to comprehend, if it be approached without any feeling 'of awe, and with the faculties of an ordinary understanding in full play. With a plenty of popular knowledge of what Congress can rightfully do, we have no fear of the future. Substituting Greenbacks for National Rank Notes."" tVom the Sundusky (Ohio) Register, 2 Mh. It is morally certain that several bills will be introduced in Congress at its coming ses sion, designed to effect reforms iu our cur rency, and particularly intended to cut down what many regard as the too great profits of the national banks. The favorite scheme with demagogues and financial quacks is the sub stitution of greenbacks for national bank notes. We have not the slightest fear that this will be accomplished by this or any future Congress, for the simple reason that such a measure would bring our "whole financial structure in ruin about the heads of its authors. It may seem to Mr. Stevens, Mr. Thurman, and some others, a very simple and easy thing to withdraw the notes of the na tional banks, substitute a like amount of greenbacks, then cancel the $300,000,01)0 of bonds deposited by the banks, aud thus save eighteen miliions of aunual interest. But a glance at the practical workings of this plau should convince stutesmen, at least, that it must be abandoned. Suppose Congress, in January next, enact a law embodying the views of the substitution ists. The aot would ha'vs to provide for the exchange of currency in one of three ways: Fiibt, 1 vU.llliug Uw Lwiks ta galker 9 this year, up to present date. and surrender their own notes; second, by notifying all holders of national bauk notes that they must be presented at certain places to be exchanged for greenbacks, before a given time, on pain of depreciation, '. , of partial forfeiture; or, third, by declaring, the bank notes legal-tender, relieving the banks of all responsibility for their redemption, and leaving them in ciiculation as so many Governmeut notes. The plan first named could not be carried out, because the banks have no control over their circulation. Their notes are held by the people, who would not go to the trouble of returning them to the banks to be turned into greenbacks on a simple request to do so. The banks would not pay a premium oa their own notes, as an inducement for their return, nor could Government lorce them to pay such pre mium. But even supposing that a published request from the banks would bring baok to them every dollar of their circulating notes the result would be nniversal bankruptcy; for it would signify the sudden withdrawal from the business of the country of three hundred millions of currency. If the monthly retire ment of four millions bow causes stringency and dull times, what would a contraction to the extent of half the volume of our ourrency not cause f Plan number two, for effecting the substitu tion of greenbacks for bank notes, would suc ceed little better. The Government could in duce the holders of national bank notes, scat tered as they are among thirty million people, to send them for exchange to Washington or New York only by threatening their partial forfeiture in case of refusal or failure so to send them. But the Governmeut is already pledged to the redemption ot the bank notes at par, and a threat - of partial or total for feiture would be a threat of partial or total re pudiation of an honest debt nothing more nor less. The Government has no more right) nor power, to repudiate a national bank note than it has to repudiate one of its Five-twenty bonds. A threat to forfeit or repudiate na tional bank notes whioh were not returned to a Government office for exchange by a given time, would be a blow at all credit, and would depreciate every Government bond, green back, and national bank note to an extent little thought of by the wise theorists who treat this matter with such ready flippanoy. Hence, if this substitution were to be made at all, and Government wished to make it without smutting its own honor and bringing loss to the people, the proper and only way would be to adopt the third plan suggested aVove, viz.: declare all national bank notes in circulation to be a legal-tender, and relieve the banks from all obligations to redeem them in a word, transmute the national bank notes into greenbacks by act of Congress, and then let the actual exchange take place in the natural course of . business the depository banks being authorized to retire national bank currency as fast as it came into their hands, substituting newly-printed 'greenbacks, fur nished for the purpose by the Treasury De partment. So far as the simple exchange of national bank notes for greenbacks is concerned, the plan we have sketched above would accom plish it without any serious jar to business and credit, but this is the smallest part of the process whereby the Substitutionals propose to save eighteen millions of annual interest. The change in the charaoter ot the ourrency would not of itself save the Government any interest. The $340,000,000 of bonds now ptodged by the banks with the Government to secure their circulatien would still remain the property of the banks, while the latter would owe the Government 300,000,000 for redeem ing their circulating notes. How is the Gov ernment to get possession of those pledged bonds so as to cancel them and thus save the much-talked-of annual interest ? Here oomes ' the rub, and here the plan of substitution would utterly break down, or it would accom plish its end at the cost of universal bank ruptcy and stagnation. The Government could not force the-banks to sell their de posited bonds, but it could force them to pay their indebtedness of $300,000,000 to the national treasury. . In order to do thia the banks Would probably be obliged to dispose of their bonds; but where would they sell them t In the open market, of course, where they would get the highest prioe. It is sug gested that the Government could offer to buy the deposited bonds. Of this the New York Nation, itself hostile to the banks, says: "If the Government declares its willingness to buy the bonds of the banks at the market price, who is to fix that price, and white market price is to be taken thit of the day when the law is passed, or that of the day when the bank surrenders its cmrrency, or that ef any other day f And if the Government buys these bonds at market price, paying the heavy premium on them- (what injustice to other bondholders !), why should the bonds of the banks alone be redeemed ? Or if the banks are compelled or allowed to sell their bonds in the open market, what dis astrous fluctuations would result from the sudden or even gradual sale of- such an im mense additional amount of securities t what loss would result to the banks and to a'thou sand other innocent holders 1" But tht-re is a still graver objection to this proposition, which the nation has overlooked. A majority of those who urge the substitution of green backs for national bank notes, also hold that the Government bonds are payable in green backs, hence the Substitutionists themselves would never permit the Government to estab lish a fatal precedent by rayiug the banks more than par for their deposited bonds. That would be a rurrender of the whole ques tion. The banks being thus forced to Sell their 8340,000, COO of bonds in the .open market, they must first get temporary possassion of the bonds. To do this, they umt gather up and present at the Treasury $300,000,000 in currency, as the Treasury would not per mit the deposited bonds to go out of its pos session until the debt which they secured was paid. How would the hanks get this amount of currency ? They would certainly do it by calling in all their loans, and ceasing to dis count, for iu no other way could thfiy gt their capital bauk into their hands, and mk )t available in ovufoiWn to ih.t tkAuged.