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McHenry Plaindealer (McHenry, IL), 1 May 1878, p. 6

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mt' . rBO- ; <ft4lhfc*ttMUfr Am C**a*m«ii*t*4l •a tfeocMeag* Mtari «r fraie-Mf* ) Vetwee* 44 Vitan Dell«rl«» L *•*!»«• Mod Calls." V' M: " -|'; ii " •• &. *'FUTURE DELIVKRIW. *!S*U AMONG the varied departments OF trade in which Chicago ranks pre-em­ inent as compared laritfi the great com­ mercial cities of the country and the world, and with which the interest of the entire business community are more or less identified and in which transactions of the most tremendous magnitude are at times involved, none command more attention--particularly in seasons of largely fluctuating val­ ues--than the 44 trading in contracts for future delivery1' of grain and provis­ ions, more commonly but improperly called 44 options." We say improperly, because the contract for the property is fixed and definite, and the only feat­ ure in which the trade is at all op­ tional, is the privilege of delivery be­ tween specified dates, accorded to the seller or buyer, as the trade may be made "seller the month," or 41 buyer the month." Almost the entirety of trading in " futures," however, is in contracts for " seller the month;" the Sarticular month being always speci-ed. Thus, when a dealer "on 'Change'1 asks of another member the price of " Mav wheat," each under­ stands the question to apply to the price of contracts for No. 2 Spring wheat, deliverable during the month of May, at the option of the seller as to what day in May he will deliver the property. Trades in 44 buyer the month" are very seldom made and are almost obsolete. The meaning of the phrase "buyer the month" is, how­ ever. that the buyer can call for the delivery of the property on any day during'May, or any month for which the contract may be made, and the seller is bound to deliver before 2:30 p. m. on the day the demand may bo made. On contracts for 44 seller the month," the contract once made, the seller must deliver the property and the buyer must receive and pay for it within the time named in tne con­ tract, unless the contract shall have been canceled by another offsetting trade, or by 44 settlement." To illustrate the detail of a trade in 4'May wheat," we will suppose that A buys from B 5,000 bushels of wheat, seller May, on 'Change at $1.10 per bushel; in" the afternoon A's clerk will will present to B a contract, of which the following is the custom-accepted and Board of Trade form, which B signs and the contract is complete. VOBM or CONTRACT. ' V •• /., fi".. ......... »: \ :• . • wrfsii*' ;̂v |BiIN CONTRACT. Chicago, , f. .1. .hare this day BOUGHT of... M.. . . .v.i. t«».«» • • Ft** • thousand bushels of No. 2.. Spring Wheat----at erne dollar and C v ten cents per bushel, to be delivered in store, at seller's option during 5 the month of May, 1878, .* To BE DILXVEBEI) JN LOIS Or 50,000 Bnwmj EACH. : y% •- y > Contract is subject, in all respects, to B Bales and Regulations of the Bosurd of Trade of the City of Chicago. (Signed) A •^1 - 5, JmW U ft signs a similar contract, using the word "sold" instead of the word "bought." The above contract calls for No. 2 Spring wheat. A provision contract is simuarly worded, only the kind of property contracted for is named. By the above contract it will be ob­ served that the seller contracts posi­ tively to deliver a specified amount of particularized property. The seller re­ serving the option as to time of deliv­ ery, on any day he may elect between the hour of ten a. m., on May 1st, until 3:30 p. m., on May 31st, and is the only part of the contract to which the word 44 option" or its effect in any manner pertains. The property must be abso­ lutely delivered before the expiration of the life of the contract, unless other­ wise settled; and in the event of non­ delivery after making a demand upon B for its delivery, and B's non-com­ pliance, A can buy the cash property from anyone having it to sell, and com­ pel B to pay any difference in amount between such 'purchase price and the price named in the contract. There is wo evading t»r getting around it on the plea of a gambling transaction as is too Commonly supposed. The contract is just as valid in justice, equity and law, and as fair as if B had given his con­ tract to A to deliver 100 cord of stone or 100,000 bricks to be delivered within the time specified on the wheat con­ tract, and B is just as absolutely liable to A for damages resulting from the non-fulfillment of his grain or provis­ ion contract as he would be if he failed to deliver the stone or the brick. In a failure on B's part to deliver the stone or brick, in accordance .with his con­ tracts,. both common custom and law would justify A in buying either of these articles at the market price as soon as said contract had expired un­ fulfilled, and A could by law collect from B any difference in the price he mifi'ht have to pay beyond the named Erice in the contract, and the courts ave of late established by several de­ cisions the, absolute legality of time contracts for the future delivery of grain and provisions made under Chi­ cago 44 Board of Trade" rules. These decisions render collectable by law any indebtedness arising from deal­ ing in contracts for the future delivery of ^ grain or provisions, uninformed opinions to the contrary notwithstand­ ing. Dealing in futures if, on the part of commission merchants, a business of unusual risk, unless said commission nouses adhere strictly and inexorably to the idea of •• full cash margins abso­ lutely in hand" before trades are be- Many well-meaning and honor* ably disposed commission men have been utterly ruined by accepting and .executing orders and drawing time bills upon their customers tor the re­ quired margins, and, in many instances, sight draft3 have been returned dis­ honored, where the violent lluctations of the market have gone largely against may vary to, 8c, 10c, ISo, 15e and even 90c in a single day. "(f 44 PUTS AND CAUA," What are commonh 7 knowta m** Wits" and 44 Calls" on the Board of Trade are the pet antipathy of the legitimate dealer, and are regarded with chronic aversion by all conservative traders. They are not recognized as legal by the statutes of the State, and 44 differences" resulting from trades based thereon are not collectable under Board of Trade rules. Within the past year, they have been exorcised from the 44 Rooms" of the 44 Board" and trading in them by members, in the " Main Hall" or during regular4 4 Change" hours is forbidden un­ der penalty of fine or expulsion, and yet, hnw^wr illegal or irregular th«v may be, the volume of trading done in them after the regular session of the44 Board" amounts to hundreds of thousands of bushels daily, and compassing as many hundreds of thousands of dollars in value. There being no legal respon­ sibility they are made entirely 44 on honor," as no member of the Board can enter complaint against another member to the directory for defaulting upon a •' privilege," i. e., a 44 put" or 44 call," not upon any deal based upon a "privilege." To many of our readers these terms are mean­ ingless without further explanation, and it will now be our province to at­ tempt at least to make clear the detail incident to 44privilege" trading. A Sut" means that the seller thereof is to the buyer thereof the privilege of having delivered to himself (the seller) by the buyer 5,000 bushels of any named grain, at any stated price, and for any stated time of delivery. To make this more clear we will illus­ trate by supposing that A sells to B a put," that is A sells to B the privilege of putting or delivering to him (A) 5,000 bushels of May wheat on the suc­ ceeding day for $ 10, at $1.09 per bush­ el. If the price did not go below $1.09 the next day B would not 44put" the wheat as there would be no profit in so doing, but he (B) would lose the $10 he paid A for the " put." If, however, the market should decline to $1.07 the next day, B could then buy 5,000 bush­ els of May wheat of C or any other party at $1.07 and deliver it to A on nis 44put" at $1.09, and would there­ fore secure a profit of 2c per bushel, or $100, making a clear gain of $90, $10 having been paid for the put. The life of a 44 put" extends only until the close of 'Change hours on the day succeed* ing the one on which the purchase of the privilege or 44put" is made, unless a more extended time is agreed upon between the contracting parties. A "call" is quite similar in results. We will suppose that to-day A sells to B a "call ', on May wheat for to-morrow for the usual $10 at say $1.10}. The morrow comes and wheat advances to $1.12. At any time during the day B can sell 5,000 bushels of wheat at $1.12 and " call" A to deliver at the $1.10}, the agreed "call" price. The moment B "calls" the wheat he becomes the buyer of it at the 44call" price, and if he can sell it at $1.12 he can secure a profit of l}c per bushel, or $75 less the $10 he has paid for the 44 call." The 44put" or 44call" is secured sim­ ply by the buyer notifying the seller verbally or by proxy any time before the bell strikes the 3:30 p. m. hour. The difference between a "put" or a 44call" and a regular trade in "futures" is simply this: In buying for "future delivery, an absolute contract is made to deliver or secure a certain amount of specified property at a stipulated price. If, however, you buy a "put" or a "call" you simply buy the privi­ lege of delivering or receiving the property. It being entirely optional with the purchaser of the "privilege" whether he makes a positive trade or not, and while it is clearly a misnomer to apply the word 4'option" to the con­ tract for future delivery, it is quite as clearly the proper title to apply to a trade in '"privilege," t. e., a "put" or a "call." These privileges are largely .dealt in by operators in futures, who use them as '"insurance" on their legit­ imate trades, ». e.. protection against loss beyond the figure named on the "put" or "call" trade. This we will illustrate by supposing that A having bought 50,000 bushels of wheat during the day at say $1.10 for "May," ana being a little nervous about his margin diafts not being paid, or if on his own account, desires not to lose over lc per bushel in the event of decline, he would insure himself against more than the lc per bushel loss bv buying after regular 'Change hours a put on 50,000 May wheat from B, C and D, at $1.09, he could then in the event of a decline below $1.09 deliver the wheat on the "puts" he has on B, C and D, and thus prevent loss beyond that amount plus the amount he may have paid for the "puts," and on the other hand, if A shoiid be short 50,000 bush­ els of wheat at $1.10, he could protect himself from a loss of more than lc a bushel by purchasing from B, C and D 50,000 bushels of "calls" on May wheat at say $1.11 for the next day, and in the event of the market advanc­ ing to $1.12, or over, he would be "in­ sured" against more than lc per bushel loss by "calling" on B, C and D to deliver to him the 50,000 bushels on the 4'calls" bought of them which he could in turn deliver to the parties he might sell to at $1.12 or over. The Supreme Court has never decided against the validity of option contracts. The decisions have been against "puts" and "calls," and the Chicago Board of Trade, like the Supreme Court, disclaims these latter as ille­ gitimate transactions. Thus it will be seen that the idea apparently BO long the party ordering, even be fore a sight draft could reach the party ordenng from closing prices on 'Change. Our illus­ trations are based upon the average ruling difference on a steady market. These privileges are often bought and sold for moon longer terms than the succeeding day, and occasionally extend fifteen, thirty, and even sixty days. The prices at which these ex­ tended privileges, are made, vary largely, and in proportion to the time compassed a "calt" for buyer 4'the month" usually commands a premium of 5o to 10c per bushel from the ruling value on the day the "call" is sold, and about the same difference on a "put" for the same period. -^-National Board of Trade. Two Harriet In a Stable* YOUNG people arrived on ah afternoon train in the city yesterday. They walked hurriedly up Ludlow street, and stopped at Fourth, they turned to Mumma's livery stable, and inquired of the proprietor if they could have a horse and buggy for a few hours. • He assured them that a vehicle was at their disposal. The young man seemed somewhat flurried and m doubt. After looking at the lady a moment, he turned to Mr. Mumma again, and inquired rather fal- teringly: "You haven't got any place here where we can get married, have you?" Somewhat taken aback, Mr. Mumma looked at them a moment, then scratched his head, and replied: 44Well, I've got a sort of parlor right here that I can fix up for you in three minutes. It's carpeted, got a sofa in it and lots of pictures; better looking place than many you'll find." "That, will do splendidly," said the young man. "Can you get usa minis­ ter?"" . "In five minutes," said Mr. Mumma. "Well I'll go an get a license, and, my dear," saia he to the lady, "you re­ main here till I return." In ten minutes the young man was back with his license. Mr. Mumma was at hand with Rev. W. J. Shuey, and in five minutes John Henry Gib- bard and Frank Bancroft were man and wife.. The young ihan drew a sigh of relief, looked at the lady, and paying no at­ tention to those about him, put his arms arcund her and imprinted a fond kiss on her lips that was returned as fondly, and whispered in her ear, "Safe, darling." 4 4Would you like to have a marriage certificate?" asked the minister. "Oh, no; we don't care for that, so long as we're married. Do we, FrankieP" The lady nodded acquiescently. "Now we want to ride about for an hour, but be back in time for the Cin­ cinnati train. "Here's you buggy," said Mr. Mumma. They returned in an hour, and left on the train at the Union Depot bound for Cincinnati. The last words they were heard to utter, as he hugged her affectionately to his side, were: "We're safe now, Frankie," and she looked up into his eyes confidingly and replied: "We is."-- Dayton {Ohio) Journal. . An Anecdote of Liszt. A YOUNG pianist was giving concerts through the provinces of Germany for her support, and to enhance her repu­ tation she advertised herself as a pupil of Liszt. In a little town in the in­ terior of Germany where she had an­ nounced a concert, she was confounded the day before the concert was to take place by seeing in the list of arrivals and at the very hotel where the con­ cert was to be given, "M. L'Abbe Liszt." Here was a dilemma, and what to do she knew not. Her traud would be discovered; she would be exposed; she could never give another concert; she was ruined. Tremblingly she sought the presence of the great maes­ tro, determined to make a clean breast of it, and cast herself on his mercy. Coming into his room with downcast eyes, she knelt at the old man's feet, and with many fears told her story-- how she had been left an orphan and poor, with only her one gift of music with which to support herself; the dif­ ficulties she had encountered, until the fraudulent use of his great name had filled her rooms and her purse. "Well, well," said the great man, gently rais­ ing her up, "let us see, my child, what we can do. Perhaps it is not so bad as you thought. There is a piano; let me hear one of the pieces you expect to play to-morrow evening," Tremblingly she obeyed, the maestro making com­ ments and suggestions as she played, and when she had finished he added: "Now, my child, I have given you, a lesson; you are a pupil of Liszt." Be­ fore she could find words to express her gratitude Liszt asked: 4'Are your programmes printedP" "No, sir," was the answer, "not yet." "Then say that you will be assisted by your master, and that the last piece on the programme will be played by the Abbe Liszt." That concert, it may be read­ ily believed, was a great success.--N. Y. Evening Post,. Jobbery ta tbe House of Commons. THE careless manner in which Par­ liament assembles is a fruitful source of evil. The hour in the afternoon, just at the opening of the session, was the moment when these spurious peti­ tions were pushed through, and when many an infamous job was sanctioned. A. journalist who sits in the " gallery" in the Holise of Commons every day „ told me that he had seen sessions open prevalent among home as well as out- with only two members present. Some side dealers, that all contracts for the ' doubtful bill would be brought up on purchase and sale for future delivery j such occasions, when one member were held illegal by the Supreme Court of Illinois, was erroneous--the Court merely said that "puts" and "calls" are gambling operations. The usual difference in price on "puts" and "calls," on wheat on a steady market is usually from } to lc ger bushel from .the closing price on the oard. Thus if "May wheat" closes at $1.10, the price of "calls"' on the ordinary quiet market would be from $1.10J to $1.11, and the price of "puts" .09* to $1.09. In seasons of would "beg to call the Speaker's at­ tention to the fact that forty members were not present" Then a quorum would be assembled from the lobbies, the smoking rooms, the buffet and tbe yard of Westminster; but a quorum composed of inattentive men, all think­ ing of their run in the park beside Lady So-and-so on her splendid horse, or of their dinner, or their last brandy and soda, and they would mechanically put through any measure which seemed plausible. Government understands die deal made, and to whom it woultlj violent fluctuations, however, a wider j the value of this early Viu *4^ i ateV?r m'£ht pay j range of prices obtains, and the "put" j and always has the " Would be dead loss. In times of large or "call" value will be lc,2c, 3coreven to secure a quorum and jluctutions the market value of grain 5c per bushel above or below the' any measure which it „ morning hour, and always has the "whips" at hand rush through may desire to keep from long discussion intbe " wee sma' hours" after the honorable mem­ bers have all dined, and are prepared to settle down to public business. A good deal of legislation in England is a pure farce. We saw, during the ex­ citement at the time of the "Credit vote," that the manufacture of public opinion was often undertaken by two or three individuals, and now we find that petitions mean little or nothing. Mr. Forster stated in the House last evening that a petition had been pre­ sented against the " Sunday Closing act," purporting to come from 90,000 workingmen of Dublin, whereas the whole adult male population of the Irish capital was only .70,000, What bubble wiJ! be pierced next?--London Cor. Boston Journal. - ' -- • .• • wish .Pleasantries. 'i: < • IF the walls of the Dublin " Four Courts" could speak, how many a pleasant stoiy and witty repartee and sparkling bonmot they could tell! Let me recall and string together some of these pearls of anecdote and wit, some of which, though perhaps not alto­ gether new to lovers of anecdote, may well bear repetition. The first Viscount Guillamore, when Chief Baxon O'Grady, was remarkable for his dry humor and biting wit. The latter was so fine that its sarcasm was often unperceived by the object against whom the shaft was directed. A legal friend, extremely studious, but in conversation notoriously dull, was once showing off to him his newly built house. The bookworm prided himself especially on a sanctum he had contrived for his own use, so secluded from the rest of the building that he could pore over his books in private quite secure from disturbance. " Capital!" exclaimed the Chief Baron. 44 You surely could, my dear fellow, read and study from morning till night, and no human being be one bit the wiser." In those days, before competitive ex­ aminations were known, men with more interest than brains got good appoint­ ments, for the duties of which they were wholly incompetent. Of such was the Hon. . He was telling Lord Guillamore of the summary way in which he disposed of matters in his court. 441 say to the fellows that are bother­ ing with foolish arguments, that there's no use in wasting my time and their breath ; for that all their talk only just goes in at one ear and out at the other." 44 No great wonder in that," said O'Grady, 44 seeing that there's so little between to stop it." The father of the Lord Chancellor-- afterward Lord Plunket--was a very simple-minded man. Kindly and un­ suspicious, he was often imposed upon, ana the Chancellor used to tell enaless stories illustrative of his parent's guile­ less nature. One mbrning Mr. Plunket, taking an early walk, was overtaken by two re­ spectable-looking men, carpenters, ap­ parently by trade, each carrying tne implements of his work. 44 Good morning, my friends," said the old gentleman; 4 4 yoh are early afoot. GRring on a job, eh?" 44 Good morrow kindly, sir. Yes, we are, and a quare job too--the quarest and the most out-of-the-way you ever heard of, I'll be bonnd, though you've lived long in the world, and heard and read of many a thing. Oh, you'll never guess it, your honor, so I may as well tell at once. We're going to cut the legs off a dead man/1 44 What!" cried his hearer, aghast. 44 You don't mean--" 44 Yes, indeed; 'tis true for me; land here's how it come about. Poor Mary Nell's husband--a carpenter like our­ selves, and an old comrade--has been sick all the winter, and departed life last Tuesday. What with the grief and the being left on the wide world with her five orphans, and no one to earn bit or sup for them, the craythur is fairly out of her mind--stupid from the crying and the fret; for what does she do, poor woman, but send the wrong measure for the coffin, and when it come home it was ever so much too short. Barney Neil was tall man--nigh six feet we reck him. He couldn't be got into what they would, and tne poor thur hadn't what would buy an Where would she get it, after tli sickness himself had, and wit childher to feed and clotheP So honor, all that's in it is to cut th off him. Me and my comrade hi going to do it for the desolate w We'll just take 'em off at the] joints and lay them alongside hi the coffin. 1 think, sir, now l'v you our job, you'll say 'tis tbe qu «i ever you heard of." 8 "Oh!" cried the old genth 44 such a thing must not be done, impossible. How much will a ne fin cost?" The carpcnter named the sum, was immediately bestowed on with injunctions to invest forth the necessary purchase. The business, however, took q' unexpected turn. Mr. Plunket, return home, related his matuti venture to his family at bre, the futuro Chancellor, then barrister, being at the table. the meal was ended the car, made their appearance, and wit apologies tendered back the co' had received. He who had been man in the morning explained seeing the gentleman in adv-a^ them on the road, he had for a made a bet with his companion that he would obtain the money, which, hav­ ing wonliis wager, he now refunded. Harper's Weekly. SAXONY is now nearly as densely populated as Belgium. In 1834 the population was 1,595,668; in 1861, •2,225,240; in 1864, 2,337,192; in 1867, 2,423,588; in 1875, 2,760,586. Part of this is due to the immigration thither of factory hands from other parts of Germany. The population of the cities has been especially rapid. In 1P34, Dresden had 60,000; in 1861, 146,000; in 1875, 197,000. Leipzig has grown from 45,000 in 1834, to 127,000 in 1875. Chemnitz, from 21,000 in 1834, to 78,000 in 1875. If the suburbs of these cities be included, their popula­ tion was, respectively, in 1875, 244,000. 213,000, and 114,000. yoirthfr Departmnnt. 'fit i asobaby like oar 1 ome are prettier it may be, riarhter, livelier and *tron««r, nd with hair a little longer; ut for downright solid sweetness one can equal her completeness. ODM BABY. 0 ^ '» ' t tnUif t- i :( «?H. '"I"*•>*. eart that fear hath never flattend*.< ipo that never yet have attend . "oid of speech to mortal given. ,yej» that look like dreams of Hear 'ender,clinging, dirapledfinyers, ;"t"; "here the angeln* clasp yet lmgersj * " I ; . ther babies may have giaoe% 4 ' feet and nwi ty >Vefl, what then *y faces; t We've no objeetaoa* - >nly we've made our selection, " Matter* not how precious tbeybis, /' uo baby iik« out bobjM ; --Jfanj Ainge Be Vert., in Youth'9 Companion. THE MODEST LITTLE FISE-FLY. A Fable. ONE morning a little fire-fly who had just learned that she could give l'ght, said to her mother, 44 What & the use of such a little thing as I am? 1 can't give light like that great bright sun, nor even like a star, nor yet m IwrigiiC as the lantern we saw last night. It} don't seem to me that there is any seed of me in the world." 44 Wait, my child," said her mother, " by-and-by you will see what yon are good for. Night will come soon and then your light will show." So the little one took a long napr and when it awoke the sun had gone down and it was growing dark. Time little fly saw then that its light was shining. But soon the full moon arose a&d maeta the evening so light that the- five-fly could hardly be seen. 44 Why, mother," said she, "my light is not needed; it is all lost in the bright light of the moon." 44 Wait, my child, patiently;-, before many nights even you will be needed." And the little fly waited until,, not long after, there came a dark and rainy night. 44 Now, my child,." said' the mother fly, 44 you may do some good with your light; it will be plainly seen." So the little fire-fly went out fc©' see what good she could do. Few of her kind were out; it was so dark and stormy. Soon she heard a horse com­ ing along, drawing a wagon. She heard a man in the wagon say, 44 It is so dark that I don't believe we can keep in the road, and I am afraid that we will drive against a tree somewhere; I wish we had a light." 44Now is my time," said the flyP "to help some one a little." So she flew a* quickly as she could right up to the fore wheels of the. wagon; and sure enough, it was out of the road and go­ ing straight up to a tree. She blazed her light as brightly as she could. Just then the man saw tho tree, and called out, 44 Whoa,' old Charlie! Come here, you are out of the road. Why," if it had not been for that lightning-bug we'd have gone against the tree sure." The little fly saw the wagon safe in the road, and went off as glad ae could be, to think that she had done some good.. As she flew along she heard children crying. 44 Oh, dear,'" said a little girl's-voice, " we can't find the gate, and this- pick­ et fence is so high that we can't climb over. Poor Johnnie, I am afraid we will have to stay out here over night." Then a little boy's voice saijl, 441 wisht Emma, that we hadn't come. Oh^dear, if we only had a lantern." " Here maybe I can do some good," thought the fire-fly. And away she flew along the fence to the children, and then ilew ahead of them more slow­ ly, lighting the fence as the children followed, until they came to the gate and went through to their home. When Emma saw the light of the fly along the fence, she said, " See, Johnnie, God h%s sent one of the little angels with a tiny bit of a lantern to show us, the way. I guess that God heard us cry ana felt sorry." 44 Isn't God g*ood to little children?" said Johnnie. "Einma, I mean to love Him. 'cause He's so good to us>" How happy the little fire-fly felt when she saw how much good she did in her small way, need not be told. If you children wish to know, just try to do ood to others and help to make them ppy-, mes,. M A K E R s y * > |made Shop opposite the Pfirker House. £ you heople McHenry, - - Hating purchased and taken posso# that these well known .Shops, I am now pr%^ ^ with first class workmen awl good mr to manufacture Wan<>i>» and Buggies < notice and at is Low Prices as a good be pwretoaswl _ - I ALSO DO A A SPECIALITY. ereha your- y and General BlacksmltNj^ Business, and will do your work in th of manner anil with thp least possible efore. - * Wi • .than 's 11 • -h in'rt. j little •*' ' s little HORSE SHOEHV; ; ; : : rieved 11 your • • • • and we know by looking at you just^how you feel. Sometimes you feel pleased or merry, and the little muscles pull your faces into smiles and dimples. But often there are wioked passions at work at the strings. Anger pulls, and oh! what a disagreeable look the face puts on in a minute. Pride pulls the strings, or vanity, or envy, or dis­ content, or deceit, and each brings its own expression over the face. The worst of it is, that when these passions pull very often, $he face does not return to what it was before, but the muscles harden and retain that ugly expression. By indulging in evil pas­ sions, people may work their faces up into such awful faces, that sometimes when you meet a man in the street you can tell, just by looking at his face, what his character is. A face that was very lovely when it *** be6it love to hoard vn money lor its own sake, his face gtete a gQsping •ay *when we r look; and we make his face that df a* truthful, hoa» est man. - HZ Dear children, do you want to have pleasant faces that everybody will love to look at? Then don't let the uotv passions get hold of the strings. Pal them into the hands of love and char* ity and good will and truth and hon­ esty, and then they will be beautfriil I faces. ; " I have seen faces without a single handsome feature, that were sweeter to look at than the most perfect features that ever were fqrmed. And why P It was the expression. And what mak the expression? Oh, it all depends a on whether the bad passions or tl lovely virtues get hold the 9trw#$.^rN. Y. Observer. A Km for a B!*F -l-.'-M < I: 44 WiLL you please tell jn$," said) » little boy to his teacher,'44 what i» meant by overcoming evil with good?*r The teacher began to explain it, whear a scene took place which helped tb> show what it meant. A boy, seven years of . age, Whose name was George, Was sitting by the side of his sister, who was only five years old. While the teacher was talk* ing, George got angry with his sister for something, and struck her. The little girl began to cry; but the teacher said, " My dear Mary, you had bettei kiss your brother. See how anjrry he looks!" Mary looked at her brother. He seemed sullen and wretched. She threw both her arms ̂ about his neck and kissed him. George Was not prepared for such fc, kind return for his blow. His feelings were touched, and he burst into tears. Mary wiped away his tears with her apron, and sought tp. comfort him. 44 Do not cry, George," sne said; "yon did not hurt me much." But he only wept the more. And why did George weep? Would he have wept if his sister had struck him as he had struck her? Not he! Brat by kissing him as she did* she made him feel more keenly than if she had! beaten him black and blue that he had done wrong. Here was a kiss for a blow--love for anger; ahd all the school saw at once what was meant by 44 overcoming evil with good."--Young Brntal Sports la Texas. < RECENTLY, at San Antonio, Tex., a bullr which had previously fought with and; overcome a lioness, "was Drought into a cage to fight with the African lion, 4 "Old George," a very fieree and powerful animal, but somewhat old. The bull was lassoed in a field and was brought into the cage with great diffi­ culty, goring a man badly on the way. The Hon, quietly eating a piece of raw beef; was separated from the bull by a canvas curtain stretched across the stage. As soon as the ropes were taken from the bull's horns this canvas parti­ tion was drawn aside. The attack was at once begun by the bull, who rushed mMlliy upon the lion and tossed him ten feet into the air. The lion fell heavily to the ground, but immediately sprang up> and made a spring at the bull. The bull received him on his horns and agatai gored him in the side and throw him savagely against the iron bars* bleeding and badly bruised, and so frightened him that he refused to tight more. The canvas was then drawn be­ tween the combatants, and the lioness, which encountered this same bull last weekr was turned in with her mate. The enrtain was again drawn aside and the pair were turned against the bull. The bull looked for a moment on his old antagonist, and then rushed sav­ agely upon her, tossing her into the air and breaking two of tier ribs. He then turned upon the lion, and gave him an­ other toss into the air, badly goring him. The lions then crouched in a cor­ ner of the cage, completely cowed, and the bull deliberately approached and smelled them, but did not renew the attack. He stood pawing the dirt io token of his victory. This bull is terribly savage and dan* fevovs. He is ten year* old, and hat illed five other bulls in single, but ex­ tremely fierce combats. He is of mixed Texas and buffalo blood, and is-larger than the average Texas bull. --One of the most successfut . news- justpera in the world is, the Argus, pub­ lished in Melbourne, in the Colony of Victoria, Australia. It was started about thirty years ago by Mr. Edward Wilson, a young Englishman who had immigrated to the new country in order to turn his small capital to better ad­ vantage than he could at home. A number of capitalists were interested with him in the enterprise, which sunk a large amount of money before - it be­ came profitable. In 1853 the Argus bad a circulation equal to that of any three London papers, and had become excellent property. The weekly edi­ tion, called the Australasian, contains an enormous amount of reading mat­ ter. Of late years Mr. Wilson had lived in England, still retaining up to his death, recently, his proprietary in­ terest in the Araus THK latest result of reading the pop­ ular boy literature of the day is report? ed from Vermont. Two bovs, aged about fifteen, started out from Benning­ ton on an expedition last Thursday. They first took some goods inti drug­ store and when opposed drew pistols. Next they entered a store which had been left for a time with a crippled boy, whom they shot at, and made off with a quantity of goods. A few hours after they attacked a farmhouse in the county, shooting freely, but wounding no one. The authorities at last found them in Rownal, Vt., where they were arrested after exchanging shots with the officers.---iW. Y. Evening Post. --When a wealthy Jap breaks up- housekeeping he ships his kitchen fur­ niture to America to be sold as 44 rara curiosities from Japaa." A WOMAN need not always recall her age, bat she should never forget it '

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