The New York Herald Newspaper, September 27, 1847, Page 2

NEW YORK HERALD. ‘September 27, 1847 important Law Document. The report of the commissioners appointed by the Legislature to revise the Practice and Plead- ings of the Courts, was mode tothe Assembly on Saturday, and is published ia full in this day’s * Herald. View of the Steamer Britannia. It is our intention to publish to-morrow a pic - torial view of the steamship Britannia, as she appears high and dry on the sectional dock. It will also be given in the Herald for Europe, to be published on Thursday next. Our Telegraphic Arrangements. In this age of the world—which may be called the Commercial Age—it is of the greatest Im- portance to all engaged in trade to be acquainted with the state of the markets in every city of their own country, in the most expeditious man- ner possible. Indeed, it is of really as much im- portance as it is to be acquainted with the mar- kets abroad. in This information, thanks to American enter- prise and ingenuity, can now be obtained in afew minutes, from five different cities in the Union. Through the means of the telegraph, the doings 10 the markets of to-day in those cities are rep»rted in the Herald of to-morrow with as much ease as are the markets of our own city. I: is expected that we shall have telegraphic com- munication as far aeLouisville to-day,and that the line to St. Louis, Missouri, at the west, Charles- ton and Savannah at the south, will be finished about the first of January next. Mobile and New Orleans will then be the only remaining cities with which we will not have this kind of communica- tion, but it will not remain long so, for we under- stand the work for continuing the telegraph to these cities, is rapidly approaching completion. ‘We shall follow the progress of the telegraph, and extend our arrangements for receiving tele- graphic reports of thé markets, and other intelli- g-nee, to every city that shall be connected with New York by this great discovery. As it is, we give daily reports of the markets in five differ- ent eiti in the Herald, and entertain the h pe that we shall soon be enabled to include more. This enterprise, so far asthe market reporte are concerned, will, of course, be undertaken for the use and benefit of the commercial purtion of the community. New York, Mo ‘The Fall Election in this State. The time appointed by the-whig and demo- cratic parties for the holding of their conven- tions far the nomination of officers to be elected on the firat of November next, is near at hand, and the bustle and preparation for the event have bren distinctly heard, throughout the State, for some time past. The democrats will hold their's at Syracuse on Wednesday next, and the whigs theirs on the sixth of October at the same place. Nominations are to be made for the following offices :— S-cretary of State, State Engineer and Surveyor, Comptroller, Canal Commissioners, Atwrory General, Inspeotors of State Prisons. As is generally the case, there are six or eight ndidates of each party for each of these offices -each of whom has his particular claim for the office, and each of whom has more or lees popularity. The democrats, it is supposed, will have great difficulty in making nominations that will be acceptable to the party at large, in conse- quence of the desire for one portion of them to have new men, and of another to retain the o'd men. The cause of this trouble can be traced to 4 craving for pap by some hungry office-seekers who have looked, with longing eyes and watery mouths in vain, for anumber of years, for offices, as rewards for the time and labor they have spent in the cause of their party. They have fasted so long that they are become desperate. In this election the people will probably be called fpon to elect a Lieutenant Governor in plaee of Mr. Gardiner, who has been elevated to the bench. A bill for that purpose passed the lower house of the legislature on Saturday last, and it will probably be passed in the Senate to- day or to-morrow, in time for the democrats to nominate a candidate at their convention on Wednesday. The result of the approaching election will be looked forward to with much interest by all parties, in every State of the Union. In view of the effect it will exercise on the Presidential election, the two parties will use every means in their power to secure ‘he election of their own candidates. The st..ggle will, without doubt, be one of the fiercest that ever took place an this State. We shall report progress, and give the names of tue candidates oon as they are nominated. Vanezugia.—We translate the following re- marks regarding Gen. Flores from the Caracas Liberal. They are founded on an article in the Purisian paper, La Presse which stated that Gen. F. was about visiting Venezuela. Among the news whieh we give to. day will be found an item which mentious Gen. Flores’ return to Veneruela. ‘The Paris Presse pretends to justify the conduct of this General, regarding an expedition which America has With great unanimity condemaed, from the Orinoco to Detquadero ‘There has cousequently been no culuwny ‘uttered against Flores; he has been judged by his public god notorious acts His expedition will never be Justi- finble tm toe eyes of justice, reason, or the policy and in- Gividual interests of Eousdor snd the general interests of Ameries. Asa proof of this, we can point to the fact that New Granada, Peru, Chili, Bolivia, and Buenos Ayres immediately made common cause with the Ecua- dor to repel the Invasion or conquest. Nothing moro is now said of this wild undertaking, which was as anti politic ag it was anti-American; and some time must pass, and Gen, Flores must wash off this st in by subse. quent scts, in urder to effect # reconoiliation with Amor- joa, aud recover his title of Libertad There is room for him in Venesusls, his country, where, if he wishes 1d faith, to profess democratic principles, ‘The Canadian Press and the Mexican War= Change of Opinion, ‘ It is very well known to our readers, that since the commencement of the war between the United States and Mexico, the Canadian press, has, with one or two exceptions, been bitter in de- nouncing our army, volunteers and regulars, and has exerted itself to detract from the glory of our victories on every occasion. Thua our volunteers were called rabble | militia, who would scamper away at the | first shot from the enemy—the battles of | Palo Alto and Resaca de Palma were mere skirmishes, in which we chanced to have the best of it. Monterey was a mere street fight, and the battle of Buena Vista was another skirmish. The taking of Vera Cruz, with no loss worth speaking of, was a horrible affair, be- cause the number of killed and wounded on the part of the enemy was great, while on our side it was so trifling; and, though last not least, the battle of Gerro Gordo was another skirmish. How journals professing regard for truth, could be so inconsistent,was a matter of surprise to all who perused their ridiculous and absurd asser- tions. Notwithstanding all their predictions to the contrary, our soldiers finally reached the capital and defeated the enemy in two severely fought battles, which were attended with dread- ful slaughter, under its walls. The intelligence Of these battles reached Canada in due time, and seem to have opened the eyes of our Canadian friends. They are, at last, forced to acknow- ledge that our soldiers are capable of doing something. In an article referring to the recent glorious news from the war quarter, the British Whig, published at Kingston, which, by the way, has always been most bitter against us, say; Tho news from Mexico confirms what we have long anticipated. The American army now occupies the Halls of the Montestimas. and the Mexi republic is one of the things that have been. This is not the da: when brute physical force can withstand scienov, ski! ‘and discipline : and, however, much the Mexicans may have retard: occupation of their capital, still it has @ocourred, as every person of common sense foresaw. Now the fact is, the Whig, judging iby the tone of its articles on the war, never antici- pated any thing of the kind. We grant that every person of common sense foresaw the re- duction of the Mexican cap unless the obsti- nate Mexicans would accept the olive branch we so often tendered to them ; but the Canadian press was an exception—and in conceding to our army, science, skill, and discipline, it con- tradicte its own assertions to the contr ry, made in numerous instances since the com- mencement of hostilities. Although the Ca- nadians were taught by the same general who accomplished the victory at Cerro Gordo, and won the battles of Contreras and Churubusco, that he possessed both military science and skill, of which they had practical proof at Lundy’s Lane, they have not acknow- ledged it until they were forced to do so, and now we give them no credit for the acknowledg- ment. The paper we refer to was too precipitate in stating that our army occupies the Halls of the Montezumas. The capital is not reduced, but it to act the hb ive y, Bbetal’ Kendticin comedy, “ Fashi et the of Be’ farowa aside let preladi ee eriticinm, and dare to award tggend the telbute of success where are thoi they spring from the entetee pep en By oy au Bowsar Turatre.—The production of the new na- tional drame, founded on the war with Mexico, this evening. at the Bowery theatre, will be certainly an im- portant event in the thestrical workd—not only beonuse it will be the most magnificent plece,that has ever been Produced in New York, but also because it will be the first of a series of dramas based on the same great matter “The Siege of Monterey, or the Triumphs of Rough and Ready,” the title of the first of these dramas, will be per- formed this evening by s double company, and will be produced with perfect correctness of costume and scen- ery, both of which have been expressly made for the oc- casion, and are said to be of the most gorgeous and beautiful description. ‘This plece is divided into four grand parts or visions—the first dis- playing the fll of Matamoras—the second, the capture of Monterey—the third, the bombardment of Vera Cruz, and the fourth the battle of Buena Vis- ta—all the great actions and remarkable incidents chat marked the course of these great events, will be depicted in a graphic and truthful manner. The three days, fight in the streets of Monterey, the slaughter of our own troops and those of the Mexicans will be beautifully illustrated. On the side of the Americans there will be eighteen principal characters represented, and on the part of the is completely in our power, and we spared it only for the purpose of saving the little character which the Mexicans have Jeft. It may get a grain of consolation from this tact, and say that we were not able to reduce it. Tax Frenou STeamsuirs anp ovr City Av- THoRITIES.—Our readers recollect that when the steamship Union, the pioneer of the new French line, arrived here, that our municipal authorities extended to the officers the hospitalities of the city, and otherwise showed them proper atten- tion. Those attentions have been gratefully ac- knowledged by Heroult De Handell & Co., the proprietors, in the following letter to Mayor Brady. It was presented by Captain Hebert, of the Union:— Panis, August 29, 1847. Mn. M, rire i We have learned from Captain Hebert, from the news- papers of New York, and from the friends that we have in your city) with how much kindness you received our v |, the Union, the firat of a line which we have esta- blished between Havre and the commercial metropolis of the United States. The Marquis of Raigecourt. Peer of France, President of our Committee of Administration, must have already verbally testified to you to how great a touched by the proofs of frank cordiality hospitality, which zon have conferred upon the captain and officers of the Union; we would have written toyou before now, had we not desired that Captain Hebert himself should be the bearer of our letter; it is a teati- mony of which we are pleased to bestow upon his kind services. little time, Mr leasure. but the dis- The dutiesof your situation leave ur beautiful city and our’s is now #0 Mayor, to un av of tance between short, that we do not entirely give up the hope of seeing you one day among us. If so happy an event should once be brought about, we indulge the pleasing hope that you would accept, Mr. Mayor, the passage that we are most happy to offer you on board of one of our steamers, and we entreat you to extend this offer to such of your colleagues who would desire to visit France, Be then so kind as to make it to them in our name, assuring them that we ure exceedingly grateful for the Kiad attentions which you have bestowed upon our officers and agente; please ulso have the kindness to be the iaterpreter of our sentiments to the American a by which we have been treated with so much kindness; in fact, if such a thing were possible, to your whole popu- lation, for every where have we found friendly feelings. Everything induces us to hope that our friendly rela: tions will be a4 durable as they are sincere; it is ourmost ardent desire; we beg you to believe it, Mr. Mayor, and also to be assured of the affectionate feelings with which We have the honor to remain Your most humble and ob’t servants, The Directors of the French Transatlantic Company, (Signed) HEROULT, DE HANDEL & CO. It is, indeed, desirable that the friendly rela- tions existing between the United States and France, and between the city of New York and the city of Paris, should be as durable as they are sincere, and we hope the day is far distant when any cause, calculated to alter them, shall arise. Theatrical and Musical. Panx Turatnx.—Mrs, Mowatt’s new play,“ Armand, or the Child of the People,” is to be produced this evening, the fair authoress performing the principal We understand it is a story of great inte- really Dp goo nd contribute to the consolidation and uggrandizement of the Republic, there will no lack of opportunity for the employ ment of his talents to his own and bis fellow citi- sens’ advantage. It ie very easy for New Granada, &c., &c., to to make *‘ common cause” against Flores, as far as the government is concerned; but what do the people say 7 the intention of Gen. Flores to return to Venezuela papers that his arrival will be hailed with pleasure. There is very little doubt but Gen. Flores occupies a prominent position in the thoughts of the Central Americans. He is a man said to possess great talent and energy, and is progressive in national affairs. In our opinion he would improve the condition of Equador, and indeed the whole of Central America. Common Councir.—The Board of Aldermen hold a stated meeting this evening, when the Committee on Lamps and Gas is expected to present a report in favor of lighting nearly the | whole of the lower part of the city with gas ; the committee have had a conference with the Di- rectors of the Manhattan Gus Co., which result- ed in the latter making a proposition to the above effect, that will most likely be accepted. Several other reports of interest, it is expected, will be brought before the board for action this evening. Ocean Steamens.—The Philadelphia was to have left Cherbourg on the 16th inst. She is now in her twelfth day at sea, The Hibernia left Liverpool on the 19th inst , and is, therefore in her eighth day. Marts vor Evrore.—The steamship Union Cupt. Hebert, will leave this port for Cherbours, France, on Thursday next, ‘ Law Intelligenee, Count or Aprmats, Sept. 26—No, 30. Wamabar appellant, ve. Gates et. al. dents. Mr. 7.4 pe jaud concluded the opening argument for ay ian Mr. J &, Collier wes heard for respondents, oN Sy. p0) Oxo bag | rost, Written in blank verse, and abounding in passages of poetical beauty. The play is strongly cast, and wil! be put upon the stage in the most perfect style—new scenes, new costumes and decorations. This is as it should be, Mre, Mowatt’s muse has here roamed abroad iu @ wider field, and taken « higher range than before; it is an intellectaal aim and effortof no common kind Minds of the highest order have failed in this most diffloult species of composition, and few productions have attained any rank or permanence on the stage. It will be the greater tribute to her genius and her powers, should she succeed. The aspirants in this path of fame, have been few in this country, and mostly un- successful; and the improvement in dramatic literature is far behind the advance which our country has made in the other walks of polite letters. But why is this? ‘There is & wild, bold, and original genius among us— the mind, under our free institutions, is unfettered in its conceptions and utterance of fecling—we are a people of energy and warm passions, and keonly alive to the scenes that truthfully and vividly pourtray them, The diversity of climate, interests, education, and origin, necessarily give birthto a great variety of oharacter ; nature, wild, majestic and sublime, or crowned witiPWll that is picturesque and Jovely beneath the sun, is opened to the poet’s eyes and views, wakes his inspiration at every tura—and these are the ele- ments of dramatic works. Yet, it cannot be suid that there is one standard production among us—one classi- cal work—one that-will hold possession ot the stage, and that/will form an addition to the permanent stock of our national literature. We have the elements of in- spiration and success—we have the genius to embod: what we feel, and to clothe the impulses of the soul wit grandeur, with power, and with the coloring of truth and beauty ; yet the stimulant is wanting to develope these faculties, and lead them on from progress to per- fection. There isa wonderful and lamentable apathy revelling in this country as to this branch of literature: @ preju too, as fatal to its growth, as it is founded in injustice, It tends to undervalue the talent of native writers, and to decry every production that does not bear the stamp of @ foreign pen, and a London audience; as if poetry and feeling, and the power of observing an describing the phases of human character, wore bound- ed by one nation and one clime, and ’twere the fate of America to be degraded and proscribed. Americans, let # new era dawn on vs, let taste and discrimination exert their sway, let the powers of genius be fostered and called forth, let mative talent be stimulated and re- apathy be banished, and merit at home meet the ceword of praise. Genlua will then arise to exert her | oti § will be produced, @ higher order of » Olaasion! p | wiida will be onl \- Sa ices Sale se Mexioans eleven, making twenty nine in all of principal characters, besides wom there will be a numerous train of auxiliaries to each army. The scenery will embrace correct representations of Fort Brown. with the Amori- oan gups commanding the Rio Grande—Mexican wood and chapparais—the plains of Palo ‘Alto—Mexican encampments—the streets of Monterey—Walnut Springs—Captain Allen's tent—the approuch to the heights of Monterey and every other principal and memorable place that has witnessed xn engagement be. tween the hostile forces since the commencement of war. All of which has been painted expressly for the occasion, without regard to expense, and iu the most excellent manner. by Mr. H Isherwood. so well known in this olty. This is ® mere outline of this grand piece. which for splendor and accuracy has never been excelled by any plece ever performed in the United States. We soa speak more at length respecting it after we sball have seen it performed. As might be expected, the ex- Pee sare fu Sear sat enna he e r patrons foe > return. ‘e have no doubt that it will be eminently saocessful and will great run, Cuatmam Tueatas.—During the present season of theatrical excitement, Mr. Fletcher, the able and enter- prising manager of the Chatham theatre, is determined that his snug little place of amusement shall not escape the reeollection of the public, or fail to reosive its due share of patronage. He produces this evening a new original drama, which has been written expressly for him, and which he wiil bring forth without regard to ex" pense. It is entitled the ‘ Lonely Man of the Ocean, or the Night Before the Bridal.” We have not attended eny of the rehearsals, but from those who have, we learn that it will create quite s stir in the country. ‘We have seen the cast, however, and all we can say is, that it will be well performed. Noufio, Sullivan, Brandon, Winans, Mrs. Nioholls, Miss Hildreth and Mrs. Herbert, willenuot the lending characters, and their reputation is & guaran- tee that they will not ruffer in their hands. Previous to the new piece, a favorite short comedy will be performed. The manager has entered the liste for competition with the determination to come out among the winners, apd from the way in which he lras started in the race, we are confident that he will Seon all he desires, and receive as much patronage as he hopes for. Parmo’s Orena Hovse.—The favorite Gabriel Ravel will receive his last benefit in this city at Palmo’s Opera House this evening, and has advertised as the evening’s amusements, a bill which will certainly make it one of the best benefits of the season. The performances will com- mence with “ Boots at the Swan,”’ which will be acted by Mr. Waloot and Miss Clarke, to be succeeded by tight Tope exereises by the Ravel Family, to be followed by ‘La Fete Champetre,” but the most interesting part of the amusements willbe series of extraordinary gym- nastic exercises by Mons. Marcetti, which have never before been performed in this city. The whole will be followed by “Mons. Dechalumeau.” It will be strange in- deed if 10's be not filled this evening. Crcus—Bowrny Amruitueatae.—Mr. Tryot pre- sents quite s combination of attractions at his old stand, the Bowery Circus. He has engaged both Signor Felix Carlo, the eminent Italian clown, and the well known Holland Acrobat Family. The usual stock company of equestrian and gymnastic performers also go through their various pleasing performances. Te-night, after Signor Carlo has opened his budget of comicalities, the Holland family wili go through their wonderfnl Olyrapi games, ou # barrel, and following this there will be pre- seated the Chinese extravaganza of the Chiness Fair, or the Fool of Pekin. The performances in the circle will conclude the evening’s entertainments. Heaz anp Sivoar’s Concert.—This week will be one of great amusement to those who are fond of concerts, and to-morrow(Tuesday)evening, Messrs. Hers and Siv- ori will open the campaign in # grrnd concert, at the Broadway Tabernacle. This is the first time that our citizens have the opportunity of hearing these two emi- nent performers on the same evening, a8 on their pre- vious visits here they had not united their forces. In addition to their own attractions they have secured the services of Madame Fleury Jolly, who has postponed her departure to New Orleans expressly to assist at this concert. vy dey Rapetti will direct the grand orches- tra engaged fur the oocasion. [PMavame Bisnor's Concrnt.—We haye received the following note from Madame Bishop, relative to the post- ponement of her concert. It appears that we were in error, and we therefore, in justice to Madame B., publish the note to set matters right : To tHe Evitor or tue New Yorx Hrnavp: Sin—I have been much surprised to see in your paper of yesterday, that one of the causes of my concert of last Friday being postponed, was era health. I beg tobe per- mitied tosay, thatstatement {snot true. The postpone- ment was proposed to me very late,solely on account of the severity of the weather, by persons whom I thought knew well the customs of the country. Now | regret exceediogly the circumstance, and am very anxious to have it known that if even | had felt indisposed. I would not have hesi- tated to come torward, in order not to disappoint the American panies which has been already so indulgent and kind me. Begging to add, that on no account whatsoever, my frst concert, announced for Thursday ext, the S0th inst. will be postponed, | + remain, sir, yours respectfully, ; ANNA BISHOP. ‘The concert to be given by Madame Bishop, will be a grand affair,and she will undoubtedly have a crowded house. Sronon Buitz.—This entertaining necromancer keeps open house at the Society Library every evening this week, changing the programme of his performan nightly. His feats in magic and ventriloquiam are fe mous throughout the Union, and there is no one in bi line who is more respected and admired than the wortby Signor. We are glad to be able to that he has had overflowing houses every night that he bas performed, and we doubt net that will continue to have them throughout his present visit. Livino Sratuanve-This beautiful exhibition under the direction of Dr. Collyer, will continue for a few nightg longer, atthe Apolle Rooms. [tis a very curious and interesting sight, and will attract large audiencer.no douht, Every one who wishes to see there living copies of the most celebrated pleoes of statuary, will do well to attend, Mies Isrpona E. Hansen, young Indy who has lately appeared in the musical world, and shown herself to be possuased of great talent, has arrived in this city from Boston, and intends sifvrtly toappear before a New York audience. in # concert of which she will be the leading attraction. Tedesco and Ratner! Fy the Melodeon, Boston, in Rosini’s Sacred Opera of “Moses in Egypt,’ last night. ity Inteal! . Tur Wratnen.—We had more rain yesterday. The rain however, came down lightly, and the thermometer stood, in Wall street, at 12 o'clock, M. at sixty degrees. Mort of the hotels and many private houses had fires in their stoves, Tar Horkts —It will be perceived on reference to our list of arrivals, that travelling has been a good deal tee by the storm of Saturday. Many were unable to leave the city in consequence of the heavy rain, and were therefore, obliged to remain at the hoiels, ‘their detention will’ make up, however, to the hotel keoperr, for any losses they might have sustained, in consequences of the storm of Saturday. We publish’ our usual lists of arrivals, Cuuxese Juxx.—We understand that this vessel re- mains in the keeping of the U. 3. Marshal of this die trict, in consequence of the libel, placed on her by th» Chinese crew, not being removed. We do not know how much longer she will remain here, but the native orew sre going home soon in a merchant veasel. Sheis by a great many People every day. should not leave without seeing he Accipentatty Drowsen.—About 6 o'clock Inst even- ing, (Sunday,) asthe South y boat wason her wy from Brooklyn toWhitehail.a man named John Murphy, fell from the boat and was drowned, Police Ini 100. Arvest of « Fugitive.—Omleor Armstrong, of the 3d ward, arrested on Saturday night a man by the name of Joweh Bear, « fugitive trom Newton, Sussex county, New Jerrey, where ho stands charged with rtealing $20 worth of dry goods, the property of E.M. Freeman. He was detained to await @ requisition from the Governor of New Jersey. Violent wssault,—Offoer Coakley, of the 4th ward, ar- rested on Saturday night a man calied Robert Walsh on ‘a charge of violently assaulting Thomas Fitzgerald with @ jack-knife, {uficting several severe wounds, Justice Drinker looked him up for trial, Petit Larceny.—Officer Reyvoids of the first ward, ar- rested on Saturday night, two dock loafers called Davia Kowe and Timothy Ryan, whom the officer caught in the act of stealing a lot of rope from off the dock Jus- tioe Drinker locked them up for trial Stealing Clothing.—Officer Sauney,of tne tenth ward, arrested on Sat y @ woinan by the name of Amelia of stealing four dvesses vali ‘he R Parrington Feelin, The War, ADDITIONAL INTELLIGENCE FROM THE CITY oF MEXICO. rr ‘The brig ?. Cay vetpe “nena oer Terk vane royal mail steamer Teviot arrived at Ha on oth inst. from Vere Cruz, with $115,500 in specte, and about twenty passengers. Her accounts from the city of Mexico are toth» same date which wo have given from that city—the 29ch of Al it. We have looked through the accounts published in the Havane pay of the actions of Contreras, &, Lut we find therein but or rether nothing, which is new tous. The va- ovements of Gen. Valerteia, up vo the time of his efel flight, axe talen frum the official documenta Saute Anns’s denunciation of him. These we have before read sud mentioned. The cow. ardice of Torrejon, in command of the cavairy, is duly commemorated. ‘The difference between Santa Anna aud Vulevoia is narrated in faithful terms, and Santa Anna’s account of the retreat the city of Mexico, after Contreras was carried, is given in his own words. The private correspondence of the Diario de la Ma- rina represents that the Mexican government had so! diffoulty in inducing any one to accept the office of commissioners, but the commissioners we have befo: named—(Gen. Herrera, Gen. Mora y Villamil and Senors Couto and Atristain, were engaged on the 28th Ad in negotieting: According to some accounts, if e Santa Ant id not obtain fair terms, and such as wi save the national honor, the war would be centinued. Others said that peace would be made at all hasards. In regard to this, however, the editor of the Disrio says chat there are two notable letters from Mexico touching on the matter. One of them declared that Congress would not consent to convene in the capital, but offerea to meet in Queretaro, from which fears wore entertained that it was their design to disapprove of any treaty which might be mady. his view ot their probable tion was confirmed by the fact, that the Executive, by his own confession, did not possess the power to make a peace, And furthermore, says the Diario, there were many general officers in Mexico at the last dates, who do- clared that they would resign, or which ia the same thing, abandon ‘Sante Anna if atreaty should be con- olnde From all which it would follow that the position of the Preadent was extremely critical On the other hand, accounts from Queretaro and other States agree that there is a league among eight of the States to resist to the last extremity; that even should the city of Mexico succumb, not an inch of the territo- ry sought by the United States should be ceneeded. The editor of the Dierio then draws the conolusion from all he oun learn that it was altogether probable that even should a peace be concluded it would not put an end to hostil.ties.and that Paredes wou d not fail to sustain hoe cilities. However this may be, we are not the leas golicit- ous that Gen. Scott should succeed in forming some kind of treaty with Senta Anuas’s government, which will be the more valuable should it receive the sxaction of Con- gress. Give us but this tfeaty, and the Mexicans may well be allowed to wrangle among thems:lves as to the propriety of it, It will be quite an wsay matter for the ‘nited States to hoid their own under it We write the above upen reading the details of the news from Mexico, given by the Diario immediately upon the arrival of the English steamer. In # subse- quent number of the paper, the editor enters into a more critical examination of the news, and gives the following digested summary of the results :— ¢ Americans, under the command of Gen. Scott, arrived in the immediate vicinity of Mexico a little bo- fore the middle of August. The Mexican troops who left the capital to observe their movements, and to cut off their retreat in case they should make a decisive attack upon any one of the points of defence, had no en- counter with the Americans before the 19th, on which day Gen. Valencia, contrary to the orders of the oom- mandsr-in-chief, offered them battle, and apparently not without advantagrs on the evening of that day, but was completely overwhelmed the following day. Gen, Santa Anns, in immediate command of the auxiliary forces which left the capital to assist Gen. Valencia, sucoveded in checking the Americans and preventing their entrance into the city of Mexico on the same day. Gen. Scott having proposed to Santa Anna an armistice, the latter accepted it, the American troops being sta- tioned within cannonshot of the city, and the Mexican troops inside the city—the latter being the principal portion of the army, inasmuch us the troops who served under Valencia did uot exceed 6,000 men, though for the most part veterans. T’ho armistice bemg accepted fer the purpose ef negotiating a peace upon honorable con- ditions, the negotiations had been commenced, and on the 29th were yet going on, notwithstanding that the summons of the government for the assembling of Con- greashadhad uo effect. From preceding occurrences and from the fact that Congress had not met, it was in- ferred that Congresa was not disposed to approve even the consent to negotiate, much less such a treaty as should regult from negotiating. Many members of Con- gress had offered to meet at Queretaro, that place being the centre of operations for those opposed to peace, The conclusion of a treaty was no less offensive to several military chiefs, although they had been so far erents of Santa Anne. Aud anally, the disappearance of Gen. Valencia, as well as the existence of a league of the States, of which Quere- taro was the centre,and the arrival of Gen. Paredes, who some lutters say haa already pronounced at Toluca, all threatened to prolong the war, thus rendering useless all the efforts of those in the capital who were at work to seoure ® peace, and threatened to wrest power from the hands of Santa Anna, whose acts in favor of the conclu: sion of @ treaty, it was thought would require even the support of the American troops. Our read the editor of the Diario continues—wili recollect hen upon the invitation of the envoy of the United Stutes, the Mexican government consulted Congrees to know whether it should listen or not to the propositions which it waa proposed to make to it, Con ness belonged to the government. y collect that the government roplied to Congress that it port no such powers, inssmuch as they were not granted by the fundamental law, and as iu conferring extfaordinary powors upon the Executive in April, the power to make ‘was expressly withheld. Accord. ingly, the necessity of the co-operation of the legislative boay to sanction any treaty which should be made oving recognined by the government itself, if Congress should refane to meet,as it wae supposed would be the case, this want of their concurrence, mm should they make no express declaration against y, would be & powerful weapon for those united by the league at Queretaro, as wull as for all who might be disposed to join them out of hostility to a treaty, or from their personal dissatisfaction with the Provisional President. otwith. standing, we do not think it improbable that the comm's- sioners will bring their iabors to @ successful conclusion, and that for the ratification of their work, und to supply ina measure the absence of Congress,that an assembly of notables will be formed in Mexico. At the same time we foresee, by the general tenor of the correspondence from Mexico, that the end of hoatilicies has not yet ar- rived, and that assuredly the treaty which may be con- cluded, will not terminate them. ‘Such are the views of the Diario de la Marina, ajour- nal conducted with great intelligence and industry, and ith ample facilities to obtain information from Mexico. We have gone st length into its views, thinkidg that nothing. in the absence of news from any quarter, would give more interest to our readers. In the Diario de la Habano, we find the Keath teat pal ter from Mexico:— . Mexico, Aug 29, 1847. I have the pain of announcing to you thut on the 2ist inet, the Mexican arms suffered an Unexpected disaster The first action, wuich took place at Rio Frio.was favor- able to us. our loxs being 2.000 men, while that of the enemy was 1000 and odd. This was occasioned by the imprudence of Gen. Valencia, who disobeyed entirely the orders of (he Commander-in-Uhief, The second action took place at El Penon, and there our army wascom- pelied to retire by the destructive fire of their artillery The same day General Scott demanded an armistice which was granted. Santa Anos fought personallyin the most brilliant§ manner, but [ believe that he will find himself compelled to resign, as parties are agitated in a most alarming manner. Many think that peace will now be made, but my opi- nion is, that Congress, which is to re-aesembie at Quere- taro, will whatever treaties inay now be made “Another Havana paper, the Faro Industrial, says: We have seen @ letter written at Tacubaya, on the 26th of August, by @ general of the American army, which, among other things, contains the following: After many combats of little consequence against very superior forces, having on our side 7000 men, we encoun- tered the in 5 Ancor enemy. commanded by Santa An- na, at Churul , four miles from Mexico, where it was advantageously posted To this point wo w bring up only two light batteries of eight gu e iy had artillery of heavy calibro and 32,000 men. We hada hans Arc which lasted two bours, and in which various charges with the bayonet left usin pos- session of everything. The rout of the enemy was com- plete, and we drove them to the very gates of the city. Our {oss is about 1000 men, and that of the enemy ex- ceeds 6000, including many general officers and persona of distinotion. Diario de fa Marina comments upon this letter; the point of its conclusions being that the Mexicans yet have an army of about 16,000 men, onv division,ander Alvares and Perez, being outside the city and in the rear of the Americans, and the other division within the town. ‘The whole of Santa Anua’s explanation of the causer of his detoat, which wo recelved by the Mary Kingsland, and which would occupy two or three pages of the Pica- yune, is spread out on one of the Havana papers. We aiust be exoused from copying the documenta, fearing that we have already trespassed upon the patience of our readers. MILITARY MATTERS. The following named officers of the United Statesarmy were passengers on beard the steamer Rainbo ived yesterday from up the river > 14th regiment of infantry; artillery; 0. B. Wileox. 4th do H. Tilliughast, 3d do.; RB A: dershott, 24 infantry; E. F. Abbot 24 do; John Hamilton, engineer Lieutenants are recent graduates of the United States Military Academy at West Point, and are on their way to join their respective regiments in Mexico—New Or- leang Picayune, Sept, 18, Ixpran Atrack.—A letter dated August 13th, written beyoud Pawnee Fork, states that Capt. Smithson’s com- pany was attacked on the first day of August, near the Tawnee Rock, by about four hundred Indians. in which the Indians lost, it is thought, some six or eight killed and as many wounded. The Indians succeeded in ru aiug off twenty-four horres, which broke loose when the Indians made their charge. No lors sustalued on our side, By the same letter we learn that the measles have be it in this com , which has retarded thal progzees vei poh nde gy 'wo have died of the diseare,— St. Louis Reveille, NAVAL MATTERS. ‘The United States steamship Alleghany, Lieuten- ant Commander Hunter, arrived at Key West on the 8th instant, from New Orleans. Many of her crew are sick with the fever, She js now anchored off Flem- ing’s Key, and those convalescent bave byen sent to the Marine Hospital; the sick will be detained on board, By the arrival of the U. 8 tranepert Active, we hear that a large ship is high aad dry on the quicksands, as she was asved on last Saturday by suld transport schr, Vessels Have already left for the purpose of rendering her assist- ance, should she still be not. The -wer Albany went down the harbor on Sa- tay aeiec, in tow of the steam tug R. B. Forbes whe will Bardly to sea while the present wind con- Uaneeeetionls kh Paper, ‘The 4, tin, 64 Hae Quant h my i? Cha Rh A Survey, ourived ore, Which many persons think An Ode TO THE GREFK SLAVE. | marvel, as | gaze thee now, If Mother Eve were as fair as thou, Or Ruth, the beautiful, or Pharoeh’s daughter, ‘Who took up little Moses from the water. If Hagar had been gifted with thy form, She bsd not passed unto the desert’s storm; But better as ic is, that Abraha made her For Louis Philippe und Abd-el-Kader. | | And it may be that she who lost a Troy, | | | Homer's ideal, gentle, chaste, und 007, Looked ns @hou dost—if #0, | cannot wonder ‘They sacked the city for such precious plunder. ‘Thy head is Juno's, mee¥er than of old, Tby bosom such as Phidias uever sold; ‘Thy form is faultless; but, in truth, the rest is A rare elaborated Madame Vestris. Around thee gathers an admiring crowd. Who utter forth their critiques low and loud, From cod-fish gentry in silk and prunella, To Marco Boszaris and his umbrella, The up-town snob, with an unseemly tone, Who longs to call a father’s wealth his own, Cries, “ K t the lower limbs too small; Andit ees off, wont the statue fall?” * A city father next approached the place, ‘With brow unbent, Te Aldermanle grace; Looked, aud emp atic spoke—he meant ff all— “This beats blaok Jefferson in the City Hall!’ A cautious maiden ’twixt her fi 5 ‘Aud then ber-vell from off her fate tp raised, Fer earnest admiration made her bolder— Sho was not sixteen, but s little older. ‘With heavy step slow came a millionaire, Hissedvliee bevels apoplectio fair,” He murmured to himself * She looks liko Lizzy;”” ‘Then loft the spot, a feeling very dizzy. A famous connoisseur and poetastar, Whode worxs or Ant (two broken dogs in plaster) He spoke of laudly, said that it would take “ A dosen such a Dancing Girl to make.” A Carolinian, fresh from his plantation, Gased till o’ercome with quite a perspiration— Hin brains were racked—something was not right— He'd never seon eslave girl half so white. An Abigail in gaping wonder stood— A tubleau vivant in extatic mood But finally her wonder thus expressed, “ 1d love to lace her, if ah ver dressed.” An authoress, whose name is ever scen be ae the outeide of some magazin Discovered that her wardrobe was of woollen, ‘And that her lips were those of Anna Boleyn. A Yankee camo—‘ Dew tell,” at onoe he cried, “If that’s the slave? I guess,” said he aside, “ That she aint ready to be looked at m ‘There’s nothing on her but a chain, | vow Amid the throng | met an earnesi eye, heart was filled with human sympathy; He drank in beauty from its fount that day, ‘And silent gazed and silent went away. Ideal gom—unto the guileless heart ‘A blest divinity thou dost impart; Enchainer of my spirit—blissful hours— My gratitude is thine, immortal Powers. Sept. 1247. C.L., or L. SteampoatT Avert, On10 Rivea, Saturday, Aug. 26, 1847, } Travelling on the Ohio—Boat Race, $c. Did you ever execute a specimen of the noble art of penmanship aboard a steamboat, while the same was shaking as if it bad oaught thetavorite disease of these parts—the ague? If not, you will not be prepared to decipher the meaning of the various parts of this letter with patience. We bave just beon passed, after » hard effort to pes rent it, by boat. called the Cinde- rella, and our machinery yha- grin and Tage were consuming her. A boat race !--as well & cow race over the Long Island course. No unfair comparison, when it {# known that neither of the boat: can make ten miles 80 hour, down stream too. The lightert boats only can Sow make the run from Cincin- nati to Pittsburg, and, being steamboats, they are snails, We left Pittsburg on the evening of the 2oth. and have not yet reached Portsmouth ; but enjoy the delightful prospeet of arriving in Cinciu: inorrow forenoon. It will then have taken three days and a half to muke the trip; the greater part of two nights lying b: "put if one were travelling for pleasure and “seeing the country,’ as the Yankees call it, he could not be more fortunate than to fell upon one of these steamboate. when the river is low, and whe: fog prevents them from running at night. Few rivers in the United Stater offer a greater variety of beautiful scenery than the I say beautiful, beoause there is nothing grand nor sublime about any of it. They inspire the bebolder with contentment while he looks on, and cause him to exclaim “how sweet a spot for two contented hearts,” The eye, when making the circle of the horizon, never falis upon vacancy, but is always relieved by bluffs of over varying character. | advise my friends, therefore, who possess that happy turn of mind. which delighteth in surveying the beauties of nature,” and who possess that Mrif more happy companion of the traveller plenty of time. to choose this season of the year tor their journey along the Ohio. When the river ir up, to every question asked in the form of “when shall we reach "* you receive the answer, “ we passed it in the night.”” Looking at the Ohio in another point of view, wonder fills us that nothing has been done to improve the chan nel. When the river is swollen. there is no difficulty in the navigation of course; but when it is at as low a stage «a at present, shoals offer great impediments And at every one of these, the mind is impressed with the conviction of how «mail and insignificant asum of money would remove them SL raring into consideration the multiplied and harmenious interests involved. But “what is every body's business is nobody's business,” and the Ohio remains neglected. Had she been fortu. nate enough to have her lot cast in some single State.it had then been otherwise. What singular feature of man’ nature is displayed in the truthful proverb just quoted. What ® peculiar feature of American obaracter is dis- played in the modification which a lange party has at- tempted to give it in constitutional law. “What ir every body's business is nobody's business,” and “ what is nobody's business is Uncle Sam’s business,” amd again “what isevery body's business is Unole Sam’s bualness.”’ Perhaps the truest conclusion, and yet the least logical, would be“ what is Uncie Sam’s business is every body's business. Doubticss in a few years we will witness the complete Aiegrace of the Ohio” People iu» short time wil not havo patience to travel on a steamboat. A railroad car wall eventually become upd, lasy, and poking sort of conveyance, he next inffingement, in order to du. ‘ve attention for itself,and immortal honors for ite chor, mnst pick mal ° ‘at what point, soever, and set him down at any point inno time, After that there will be room for another, which will take him up and set him down at all points in the sam ort spade of time. If { had room in this letter I could tell you @ good: of my aunt Judy, whe was ssid to have succeeded in the achievement last named. Certain it is, they say, she took the young bucks up at any point, and set them down at all points, and in no time, but whether in the sonse above intended I will not say. INTELLIGENCE FROM THE Barish PRrovincgs.— The St. John Observer to the 23d, and Halifax papers to the 18th inst., are received. We make a few extracts :— It appears that in compliance with the desire of the Governor General, several gentlemen are immediately 0 proceed as delegates trom the different Colonies, com- |e Airy within his jurisdiction, to meet His Excellency at Montreal. The object of this ped important measure appears to be, to assemble sufficient number of per- cons fully acquatated with the ciroumstances of the Co- lonies, and competent tothe task, to confer together with the Governor General, in reference to several of the momentous objects in which, st this moment, are involved the mutual interests and future prospects of of the British possessions in North America. Among these the most prominent, are the subjects of inter-co- lonial commerce, and the equalization of duties. a gen- eral system of internal postage, and the means most ef- fectual to be pursued for the commencement aud com- lotion of gpeat lines of railwsy from tho provinces unding on the Atlantio Ocean, to the iuterior of the Canadas.—Nova Scotia Meanenger. ‘We learn by letter from Woodstock, that the Court uow sitting, a# mentioned in our last, is procneding with business. Seventy persons have been indicted Py the grand jury as concerned in the late riots; and thirt; others have been ted. The two men, Skidvel an DeCourcey, who were chargod with separate acts of burglary, have been found ty. and sentenced to two years hard labor in the provincial pwnitentiary | those in Sompany with another person charged with having lately robbed the Post Office at Dalhousie, passed through here on Wednesday evening, under, the charge of Me. ford of 8t. John. ‘Wo learn that the act parsed by the Legislature of this Province, abolishing all duties collected at the eus- tom houses in New Brunswick uader acts of Parliament, has rece tne royal assent, and will come into opera tion on the Ist dey of April next. It will be remember ed that the revenue aot expires on the same day, and meantime the Legislature will have an opportunity of passing a,bill iaposing one duty only on articles import- ed into this Province, which will be a great relief to the trade of the country, and facilicate business very much ‘The only use of the custom house heresfter will be to be gry! ‘vessels and carry out the navigationacts This will no doubt be done by an offloer at the provincial trea- sucy, and the province, besides being relieved from the complication of basiness oecarioned by two departments will be saved a very considerable sum by the reduc: tion of one of them. We ber ag the country up. on the result.—New Brunswicker, Sept. 23. Axorure Destructive Fire—A friend writes us from Maysville, Ky., uader date of the 20th i d “Last evening about eight o'clock, w" fire in this place. commencing at the corner of Wall nud Front streets, in the hemp warehouse f Wm, Reed, sud runniug two thirds of the way up Wall street, consuming said warehouse, the atores of J. Bridges, A. Maddox, Wood & Davis, and some two or tures amall grocery stores. The buildings were all made of wood, Large quantities of goods were burnt, and ali that was carried into tho street was damaged by the rain, aa it was raining very hard at the time.” TS IN THE DIFFERENT CEM TERIES, twenty-four hours ending at 6 P. M. 7. Smishson A. Davis, Va MHiveb, Jacob olbam, Philip Brigelle, Trebund Jacob olbarn, Wertynchy i Hey MSoniot, Hanover Tohn Vesa" Bev. ome rin, fen Mate Ci Pieh et onlek, Pe item Waltes Thompson, , Ireland ton, 8 John Welt, rH idridge, do. Jaa Britons, rngetal wd Se ot earmark HE Tree Oey herieg ae tt ‘ W pte d 'm Henniok Germany, ii In Umiow Counse, L. 1.—Tnorrinc.—Four superior trot- ters contend at the Union this, afternoon, for a purse of $100, $50 to the second hest—two mile heate,in harness. jen — ‘& great number of spectators will be attracted @ course to witness this affeir, the viously flae Fad closely contested race between three of the nage ving created considerable interest In the sporting circles, See advertisement for particulars. Trorriva at tax Camatpan Course, ean Bostow ~The trial of speed between the two celebrated trotting horsea, Gov. Dorr, of Springfield, and ‘fom Benton, of Goaton, came off over the ubove track on Tlureday last. ‘The day was fair and the track in good order, with « large aesemblage of spectators, After a fow ineffectual attempta, they made a good start, Gov. Dorr taking the poll, but wassoon overhauled by Tom Benton, the for- mer laying back until uear tho coming in, when he made a dash ahead, winning the first mille in 2:42. On the coming up on the second mile, Tom Benton again darted abead, closely pursued by Dorr, who managed on the coming in to rush by Tom, winning the heat in 2:44 . ‘The third head was ocntested an the two former. in favor ot Governor Dorr—time 2:44; thus winning with ease in three strait heate.—Boston Herald, Sept. 25. Trotting at Provinence, R.1.—A trotting match came offon Linge § last for $100. with twenty-five more, whioh was added by the proprietor of the trotting course, between Wim. Woodruff’s bay horse William ‘Tell. and H. Collins’ bay mare Cynthia Sue. It was five miles in harness, und was won by the former nag in 16 minutes and 39 seconds. The race was well contested throughout, and the people were bighty satisfied with the performancy — Boston Herald, Sept. 26, a Herald in Boston..Persons wishing the Herald left at their Houses or Stores, iramediately on the a of the York train in the morning, or by the New Haven line ia che evening, can be regularly supplied, ar 18 ceuts a week, by leaving tneir names ut theogent’s office, No. 8 State street. REDDING & CO, $24 cod 10t Diamond Pointed Gold Pens—-Wholesale and retail—Joha W.cGreaton & Co., 71 Cedar st.cet—up stairs, Ve the largest aud best assortunent of Gold Pens to be fund in the city, aud their prices are much lower than those of any other house. The acianee nade by others to monopolize the Pen trade, so e purchaser ey @ for an wi inferior article, hus failed, and ( vish ‘a. good article Fonsaea Gees se cents “ihe Pe sold ele aes a where at $2 for $1.50, the veuuue A “pagley” Pen, (no . the xeunine rt G Bi stamped) $1 75 only, silver pencil case inclu repaired. « Richelieu” Diumond Pointed Gold Pens— The real article ot a great bargein B. E. Watson & Co., 45 William street, one door below Well street, and J. Y. Bay: 92 Fulton street, are juat the places to yet good Gold Pe ronishingly low prices. ‘The Richelieus which they h xelust of, are the hest and cheapest Pen in use ; price 8 only. Other gold pens at $!, $1.25, $150, with silver pencils. Country merchauts should by «ll means give them & gill before they purchase. Dou't mistake the uumber. Gold ens carefully repaired, old Pens Gold Pens, superior Diamond Points, War- rauted—The New York Gold Pen ny, No. 33 John st corner Nassau, have the most ¢urab! benutiful artic: this line, that cau be found. in the city, and their prices are as low as any other house. This establishment does not keep any of the trash sold about the city at very low prie er arti cles may bed pended on as of the very best qnalitv. Gold and silver pen and pencil eases in great variety, wholesale and Dr. Christie’s Galvanism.—in all Nervous diseases, the application of Dr. Christie's Galvanic asticles ix pe fogily successft ism, Dvapepsi, Tic Doler 's whieh my to the Nervous Syatem, are eotirely aud perma- vently relieved by th.ir use. Sole Agents in New York, No. 162 Broadway, between John street and Maiden Lane. Be- ware of drug storesas noue of them have Dr. Christie’s geauin icles. ts. —Fall and Winter Styles —Bee! r, Hi 156 Brondway, New York in luviting the attention of the rublic. and especially of the ladies, to the splendid assortment of Paris msde hats for chil- at their establishment, feel perfectly war- ying that they are unquestionably the most ele- gant thingsof the kind ever offered in thiscity. ‘There i¢an infinite variety in color ond style of so that the mé ior ounnct it to jo hey have alsoa rent vi ehildzen. of cloth, silk poses of Steen fi ing, travelling, riding caps, and caps for the 2 BatMonw Ta . A Cold, Disease—A Cough, Death._.’rs JERVIS'S Cold Caady is an admitted, good remedy for coughs, colds, hoarseness sore throat, aud all complaints of the throat apd lungs; innun es cf the toapectabillty are now received con! ¥ to prov deaiably g@darticle. Sold by Mrs Jervs. 379 Broadway, corner of White street, aud by druxgists generally. “No charge untill the Halr is restored.” Beal’s Hair Restorative is applied on the above terms. Office 108 Nassau st. N.B.—For those who apply it themselves, it is for sate. READ.—I, Aaron Clark, ofthe city of New York, do hereby certify, that I hav ‘ageneral certificate an iy acquainted with maay of the parties who have sand now them to be mon of the highest standi community, i) . New York, March, 1839. . Boston Depots ; 129 Washington st ; Philadelphia—21 North Sixth street. MEW The Cheapest Place in the City to hoots, shoes or gaiters, is at Jones's. 4 Ann st: seum. t your he Mu- s as ean be wm- You ean get there ns good b iots at Sh elsewhere at $6. Quite a saving. He also sells very ots at $3 50. Congress bi gaiters proportious- ably low. Jones has the true, system of doiug basiors—light exprntes and sinall profits, “All goods purchased at 4 Ann at aie warranted to give section. All persons troubled with corns had better 825 4 Knox, at 128 Falton street, as usual, in che d with the punemality of hese sons, bas stock of Hiatsfor the Fal Fashions, which ing to please . Ever on hand the public; he un safely recom upply ax unequalled in beauty and richness The like ot and he hee Auvigution of the Ohio tiver. Places. Time State of River. Louisville. ... Sept. 19 3 feet 7 in Cincinnati. Wheeling. Pittaburg. — Sept. 21....5 feo! 11 in. rising. +++ Sept 21a feat. sae Sept, 225.408 feet 3 to, MONEY MARKET. Suoday, Sept. 266 P. M. ‘Wall street is getting quiet again. The excitement growing out of the failures,’and the explosion of the the fancy stock bubbles, is rapidly subsiding and things will goon settle down into the former chaunels, and the brokers will be compelled to shave each other, toexe out their bread and butter. The outsiders have had enough of Wall street shaving to last them many monthe, and ft will be a long time before they can again be drawm.into the bubbles which the brokers periodically inflate to at- tract this species of game. ‘The effect «f » very exton- sive inflation in any fancy is generally frlt @ long time, and an explosion of one of these bubbles leaves the market in s very depressed condition. Prices for most of the fancies rule very low, compara- tively,in the face of an easy money market, Should there beatightness in the market and the effect upon quotations far fancies be what we might expect from such a changer & decline often perfeent trom present prices,would not be beyond the mark, bat we could hardly antiotpate such a fall, no matter what might be the complexion of the money market. Prices bavo been depressed lower than the state of the monvy market justifies by the transac- tions of the cornerers, which were carried on for such a longtt. of time by bull speculators, aud it is therefore the impreasion that as soon as the effect of the recent fail- ures has been removed, the fancies must come up « little—the money market and all other things remain- ing the same. ‘To undertake to name any price as being the probable value of the principal fancy stooks, would be attempting too much, It isin the power of every one having capi- tal to invest in these stocks to satisfy himself as to that part of the business, but temporary investments, merely for speculation, are not of fo much importance, as ‘n such cases more depends upon the state of the market, and the probable perfection of a corner, than upon any real improvement from time to time in thesecurity. It is, however, a very extraordinary fact, that purchases for investment frequently are made at the top of the market, under the impression that there nevir will be a better opportunity, that the advance in prices is the result of a real improvement {ja the value of the stock, and that it will soon reach par, and beoome a dividend payment security, Such isthe effuct of these inflations upon the minds of many. The iofluence of the speculstions is exhibited in another shape. Holders of tancy stocks vory seldom take advantage of the bigh- est point In prices to realize; they hold on for a little bet- ter price, until the bubble burets, and a fall ot five, tea or fifteen per cent in a day, throws out all their chances: and they have to wait another turn of the wheel of fur. tune. When the market has been undergoing a rapid nflation, and prices have advanced three and five per cont daily, for some time, we have from time to time urged outside holders of all the fancies to avail themn- solves of prices then ruling, to clear out every share in their bands, assuring them that there was not the slight est doubt but that they would some time hence be able to make good their supplies at muoh lower rates, The result has shown that those who follow- od this advice, have made & very handsome profit, and oan, if they will come into the merket again, fill up thelr lists at prices twenty end twenty-five per cent below thone realised, with the satisfaction, too, of knowing that whatever they purchase now will be at the bottom of the murket. The grand secret of stock speculations is to come in at the lowest and sell out at the hiphest state of the market; or, perhaps, it would be safer and better not to wait for the highest point, but realize a fair profit, and wait patiently for the fall,wbich, in nine fanctes out of ten, is sure to follow an inflation. ‘There is no deubt but that most of our railroad stocks which are now rauked among the fancier, improving in value. As they become extended and their reoeipte increase, the proapect of dividends becomes bet- ter, and are nearer being realized. If their curplus re- coipta are expended in the construotion of the rea stood cf paying dividends, the stoakhaldose arc bea. afd Wee ste is made mare valunbia, Revernl reilvon/ \