The New York Herald Newspaper, June 23, 1853, Page 6

THIRD DAY'S PROCEEDINGS. Speeches of Hon. Mr, Baylor, Gen. Quitman, Gen. Hunt, and Hon. John Bell, Third Day—Morning Session. REPORTED EXPRESSLY FOR THE NEW YORK HERALD. The Comvention met this morning at 9 o’clock, and pro- ceeded harmoniously to the business before them. The night of rest had the otfect of cooling the temperament of ‘those who yesterday gave vent, ‘in language most harsh,” to the sectioual feelings which controlled them. After the usual ceremonies of opening, Mr. Bayior, from the District of Columbia. late U. S. Consul at Am- aterdam, offered the follosing-— Resolved, That direct trade ss a commercial consequence, and in detail procticwlly domousteated, carried 0} established with tho question immediately councoted ith it, is a subject of importance and general interest to the whole country, aud as such is proper matter for the @onsideration and action of this Convention. In support of this resolutioa, Mr. BayLor spoke as fol- lows — ‘The subject of direct trada is no new idea. It has oceu- pied the minés of the South for masy years, and has re- ceived the approbation o' ol trom the most dis- tinguisbed ve the most unaspirivg Asa theory it stands supreme in the convict of the planters, As @ poliey, it excites the admira ofo rulers As a commer consequence it has yer) properly excited the attention of Europe. Asa matter of result, it ts to be desired by all; and yet, as a subjec’ for, practical demonstration, is surrounded with a most insurmountable difficulties, 1 “almost insurmountabie,’’ for the direct trade party, which | bare the bonor to represent in this cor vention, believe that at last after years of patient toil, a plain, suuple, speedy, aud -aie way is pointed out, by which the “‘dithculties’ alluded to may be overcome. It is manly to this poin: I beg vw call attention We ask no epdorsemext of our plans, no meaningless resolutions, no idle whereas. Sofore tne country, in debate, this question is to be decided Is is a matter of trade, go- verned by the laws of trade, and herein is the strength of our position. We contend tha: all laws of trade are violated by the present system We contend that the geographical porition of New York has tetaried the ad. yauce of thi hat the coucentration of our great staple at Liverpool has tu like manner retarded the commercial and icdustrial progress of coatinental Eu- rope. Therefore. we contend fur a Southern commercial emporium, end a continen'ai depot of cotton. 1 come to the consideration, tirst, of a Kuropean continental depot for cotton, a8 the matter in whica e all feel most inter- ested. Before debdatiog this, however, it will be well to call attention to certain yeiderations to be first re- flected upon, before a just decision can be given. ‘The continent of Europe tukes from Hogland, in the shape of cotton yarns fifty millions of dollars annasily—the ice paid England ‘on this ove shipment alone, amouat- te over two thirds of the American value of the whole crop. The continent of Europe takes, of raw cotton, over six hundred thousaro bales of cotton. The conti- ent of Europe, besides all thi-, consumes a large amount ‘of cotton goods manufactured in Kogiand. Thus it a pears, that while we have geverally regarded Eogland ‘Our great consumer. it turu~ out, in truth, that the con- tinent of Europe is so—kngiaud holding her supremacy only as the largest manufacturer. I am particular in drawing this ciavnctioa betwoea the consumption of cotton apd the manufacture of it, as we will have to re- fer to it hereafter Again the population of the conti- nent, the cousuming population, is. say fifteen times that of England Tbiv p »pulation is siso increasing at a ratio of ten per ofp! “@ater than Enylend’s—a larger propor- tien being better educated aud wore independent. Seri- ous crime. for instance. is increasing at Glasgow, under the nose of the ediwr of Blackwood, six times faster the population; whrle in Switzerland, and Germany nerally, #tatixtice show» rapid advance in the com- fort, intelligence and werals of the people. In point of home comforts for: the laboring classes, and in common achool facilities, and general educa- sion, Englacd is below avy other of the recognized leaa- ing powers of Europe. The-e facts, Mr. President, evi- dence that Kuropesn empire must cross the channel. ‘We ali know the contest uw gving on for the balance of power. Dy, sir, this baisnce of power is embraced in dustrial and commercial supremacy. The great Ni poleon always contenoed in his writings, conv tions, and speeches, the: England emorviied the continsat io wer merely to advance her own trade and industry, by possessing hers+if of the element of security to life and Property. Infact. the whe bistory of the British em ire teaches us tbat sbe vegotistes and wars for com merce and indusiry Comme-ce is king! It is an Eng- Tish sayingand a true oue. [his contest, therefore, for the ba! of power bas originated elements now co- operating im favor of the grat project batore us. The continental powers feel that they must deprive Eagland of her wonopoly of for cotton rules the world, This object has for yeas been vetarded by the great tact, power, snd wealth of Englend After the tall of Napoleon, sbe got s porition ou the continent that has enabied her to spread 45 a uetwork all over it @ system of tarufs. transit dues, &e., particula:ly adapted to her com- mercial and industulal ioterosts, aud particularly depress Ing to the contivental consumer auc Auerican producer. Are these cousideratious pertireat to the question? Do they interest the planter aud Awerican inershant? Let us see. We will -uppoe tat Envlaud bas had a certain degree of power at Berl. or Vienna Let us suppose that che has induced those governmenca to allow cotton faben shipped from Liverpool) to be free fom tax at veadeard. aud alse from ‘ravsit tax. Suppose again, that the cotvon interest ha» heretofore beea neglected by | our foreign agents, and that in the tariffy agreed upoa, Amencan cotton a= an a ticle of American export, should bear a certain tax on .he continent. Suppose these things Lo We vot s-e that such a state of things would advance the interest of England, by concente tig cotton in her ports? This couceutration of cours, ‘is at the racrifice of the coutinestai consumer snd Ame- rican producer I theretoce coovend that Euglaad has had, anc still bas it in ber power to injure us, by check- ing consumption. and preventing competition. Whether she has used, or will u-e it | leave for others to answer. These sugges'iony show couolusively that the soutiueot ‘of Forope has all the elements nece-sary for sustaining @ depot. It hss an already iarge cou uming population, It bas ap increasing Wauviacturing interest. It has good ports. It bas provinces posses-eo of wealth, and an ex- temsive shipping wariue Lab ris cbeaper than in Eng- land. These elements en'er ivto si] our ideas of traie. The world repo-es in peace Tbe masterly inactivity of Russia, and the declaced policy of F.euce, are coincidents that give the world assurance of rep embroils the continest gain iu domestic wars Why should not the deyot be formed. The wide sea is opea before ur, under the broad flag of oar uatiouality, and the doctrine announced by the new aduiais: tration, our rights ax American eitizans will be ted. Long founded curreats of trade will receive E safety the cotton consigzed tuit. Substantial moneyed influences will affora facil ties. Aysin the question is repeated—‘‘Why nos have acootinental depot?” Having shown that the question i< lezitimately commercial, it is unpecessary 10 di-cuss by whese action it should be formed. I frankly admit, tot it -bould be forwarded by our merchants. Believing thic, [first tencered the ueces- sary credits and instructions to good houses. hey r fused to participste in the movement. Many of them di 80, from & cooviction that rhe hing was impracticable, But we all know witb what ‘enacity men cling to ideas already acopted. believe that which ex ts coud us; how prone the mind | ose. unless England | We all know also how apt we are to | is to beheve what others believe; to cling to old ways and | above all) wha>a powerful iotluence sel( interest has upon our judgments. Tuese various influences induced a rejection of our propositions I will uot tire the patience of this assembly, by showing how chis reacted oa oar friends in Europe’ [tis unueces:ary. I was at first dis couraged myresf, But Lkne« that there was an appeal to the planters I knew they nad the control of theirown produce, if they choo-e to exercise 1%. I had faith in my principle. We carried the questiva before the country, Bnd as every one had refu ed .o do, what I confess is pe- liarly the interest of the planters thsy were called on Seton the lead. Weae now advocatiog the interest of planter, to eventuste in his advantage if successful, | ‘nd to the planters we wus: lok for action. Planters are jot merchants, and do not wivh to be, and never will be. fore, we induced wur frieude in surope to open credits make a:l the necemsry arrangemeuts for facilities; have agents in the South to receive and ship the cot- This has been Jone The question is nyw upon the best means of carrytby it out avd, also, we will eonsider the immediate auc remute savaniages I omit detatl and a@ativtics,as they will but embarrass the question, aad simplify a8 far as possibie che propositions to be evnai- dered. Not wishing to induce any one to take a step which could possioly result to disadvaatage, we propose ‘8 course of sction fimpis, and eutatiing no risk, As in deciding the Pacific Rsil-ond route, (¢ nas been fouad necessary to have surveys, to report to the people, so in direct trade, we propo-e # ‘rial, that the actual transac- tion, ite adventagen or dissovantages may be koown. The account of salen will enabie every planter to decide for himself. Thexe account sales will speak louder than all the resolutions, or the obselete dogmas of so-called laweg? trace, to be found in our commercial catechism. We. lore, propos, that the planter ship a smsll proportion of his crop, say one tents or tweatieth upon advance and under the proper guacaatees ot trade. To enable him to do +o, arrangements will be made and an mounced. So tar as New Uriesus acd Baltimore are cor cerned, the .bipments will be divided, if agreeable to tae Plaviers, and part go via Ney Uriesus—a part via Bal timore. The 1a+ops for this division are very important. One of the aims of direct trade 1K to cultivace competi- tiow, at home as weli as abroad. By thus dividing che shipment, it not only enavies us to fied out by practical experience the cheayest route for our eotton, but it excites competition How? The route known as the Saitimore route will be aoxious to facilitate what is known to be anexperiment. Che people of New Orleans will be equally anxious vo show ‘Une great advantages of their city, The eonvequeace will be an earnest aud laudanle wilort by born poris w demon- atrate the advantages (hey wucually poses. Lam au thorisec to say, 80 lar ws Galvin effort will be «pared to yet a sh» induce @ trial shipment by thet re ‘be guaranteed unat at lemst i «ball of the trade. te t And to no more than the New Oriwans rou'e, UW the Gaitswore shippers have made wrong cateuintions, itis We owe fault, and thay will pay he difecence out of tos ¢owa pockets Is ouaK rticulurly of those Iwo ports, becoas# thie of Mobile, wana ane Charlas’oo are not taciuded in our p esent arrangements Yut will bs i ti As before stated, ppon the returo’ of ube accouns rales the planter will ctusl result ‘urough two great contending yorte—of the cost of «nipping throwwh hoe ports—of the cotire ex pore oO “) Oert, and the foal Om bin Frome eb as toe intelligent plan decides for himself whehor, wkiag everything taco Povsidersiwn, it ts tis interest as @ plsater, hic policy as 8 Souruero man, to ship | Be will oi vw bimelf As will aot jpon bie own judge with all the lights be fore him How sivpie! How roawuable! Aad it is this, geutlomen, which has orvachs cove uym ou howd ‘the errate and su0~ portion. I do believe that the sentiment expr oy gentlemen upoa chis direct trade question wiurt emaun © trom a pertocs many pre- ension of the two's, Sey tha we ore wroog above propurition anything ia tt at oll caleuimted to dis. turb the established oraer of He. the thiags? Wil wuyooay have been injused? The plenters may lose by it, is replied, | | @ 16 coararued, tost no | the yianver will | | cotton could be shipped, and give the merchant a-reason- tion and all unnecessary interme- diate charges and expenses—i+ necessarily in opposition to the prevent established system trade, LT admit it. But should we, or our principles ase of that, be charged with improper motives? Most assuredly not. I believe, sir, that the present system of advances is one | of the curses of the South. can uever become commercial until she has a carrying trade; that she can never have a carrying trade until she baa shi chants aud people have an interest in buildiog them; and finally, that southern men will never have a motive for building ships so long as the present system lasts. Taese axe my opinions, based on my ideas of political economy and commercial progress. Now, to deaounce these pria- ciples merely because they clash with opposiog interests, is not argument—itis abuse, sir. All we wan. is fair ar: gument and a fair trial in’ good faith, aad we will rely upon factaand results for our vindication Some of the oldest and dearest friends of my life are among commis- sion merchants We divagree honestly in our opinioas. ‘They go on amassing fortunes year by year. in the com- mission business, while 1 yo on agitating direct trade, as 1 have a right to do Is this cause for abuse from either side? Not at all And I therefore ask that those who may deem their individual ioterests affecved by this, to remember that it sometimes becomes the duty of & public man. to aid the progress of measures not agree- able to his own private friendships. But a sense of duty compels me to say, that if, upon demonstration, this direct trade proves practicable, it is the duty of the planters to carry it out, no matter what subordinate inserest: suffer from it. The agricultural interests are above all otbers with us. The future commercial position of the South is of more importance than the present interests of apy set of individuals. ‘Thess are my honest senti- ments While I ha and will ever have a consistent regard for the interests of others, I must confess that I am particularly devoted to promoting the interests of the planters, as such. Lalso belteve thst, althoagh the indi- | vidual profits of a few may suifer direct trade. if suecess- | ful, will give the South commercial independence. Per- haps it may not be amiss to give afew reasons why we believe direct +h\pments will prove advantageous to the planter. Cotton is bought because it is cotton ‘The fact that Liverpool handles it has nothing at all to do with its | value. Neither does the manufacturer inquire whether | it costs two cents or ten cents a pound to get | it to him. He wants cotton—simply cotton; he | desires so much of a certain quality, at a certain price; | and, believe we, gentlemen, that ali ‘this talk about ne- | cessarv agents amounte to nothing. They do not aid one cent to your staples original or intrinsic value. Cotton is raised for manufactures and not for speculation, In regard to other products it is different. Some are raised to be represented V4 substitutes. All are liable to waste and . The Greeks, (so says the corn reports from England,) will soon drive American grain, for instance, out of the foreign market. “But cotton is an American monopoly—a southern monopoly—the growers constitut- | ing an oligarchy. Cotton is interwoven with the destiny | of Europe, England’s fate hangs suspended, literally by a | thread of cotton. This quality of intrinsic value is pecu- liar to this staple, and consequently, as I before stated, | imparts a demand whieh at once euables the producor or holder to realize cash for it. Now, we will suppese, for instance, that this staple, embracing these elements of value is found on the foreign market in the waape of a bale, exposed for sale, is there any planter so dull of | comprehension as to suppose that this merchant or that merchant—this port or that port have added tots value? | It is cotton, andifa bale of it had drifted over the sea, entirely free of expense, and stood side by side with one sent the usual route, the sea-drift bale, if in order and condition, would sell for as much as the other. Ifa | negro man were to raise his bale of cotton and send it to Europe, this negroes bale would bring jast as much (if of the same quality and weight) asa bale ef cotton Dought by the Barings on speculation. How absurd then, to say that the plancer hazards the value o’ his staple, by shipping it himself! How perfectly absurd! Ail he has to do is to get his cotton to the best warket; and let him get it there as cheap as possible, remembering that cotton is cultivated for manufacture, and not for speca- | lation. These remarks are necessary a3 introductory re- | flections. Ivpow cos:a thirty three per ceut, as aa ave- rage, to get cotton from the interior to England. Tais enormous tax is added to by additional charges to the contizent of Europe. Now, we contend that the same able and fair compensation as a business, to the same I believe, air, that the South | that she can never have ships uotil her mer- | in all parts of the world, in all climates. All are subject | the sad appearance aati- writer —may m4 not look for a Pa ett lecayed wealth a1 par power; will not the future historian search for somerhiag testifying of past times of the sunny South? Where will be the evidences of a production 0’ over three hua dred millions of dollars annually in exportable produce alone? Will he find it in magnificent palaces, reared by merchant princes? Will be find it in local invest ments, in railroads, in schools, in monuments | to our wise and t, in the elevation of our intelligence, in the refinement of taste, in cities teeming | with trade, in busy manafactories, He will find it not, | Toother lands and upon other. shores, trausfarred there by this present system of trade, will be found the great results of our vast productive wealth in the po-session | Of thore who are now in arms against us. The time for action has arrived.~ Let us, by patieace and prudeace ascertain clearly all that it is necessary to anow, previous to tinalaction, And then, Mr President as one man, witbout regard to minor considerations or subordinate interests. let us make one united effort for commercial and industrial independence ‘The vote was then taken on Mr. Baylor’s resolution, and it was unanimously adopted. When Mr. Baylor bad clo:ed, and his resolution acted upon, Mr Joun 8. Tarasuer, delegate trom Louisiana, offered the followize preamble and resolutions:— | | Whereas, Ten thousand ame hips, ladon with pro duets of the southern and Southwestern ‘Stat d thei returns, to the value of t .ree hundred millions i re ally through the narrow st ait bet ren Cuba aad Fiorida, and as this commorce must inevitably ineroaso w th the increasing population of the Great Valley of the West | and the opening of the Isthmus routes to the Pacitic Ocean; and whereas, the Ts'and of Cuba by its northern ports, which lie immediately upon this sole highway of the com: merce of nations, commands its ingress and egtess, while circle of two thousand miles diameter thers is no Cuba and the adjacent isles, which can serve co, is without a first class American port. Resolved, That we deom the acqaisition of the Island of Cubs important to the proper protection of this great and constantly increasing commerce, and to the security of our sonthern ‘waters, and we urge its consideration upon the people and government of our country, as @ question of national necessity and of national supremacy. When the laughing, applause, aud hisses with which this resolution was greeted, had subsided, the chair staced that the resolution, unless re-erred to 4 committee, must, acco to the rules of their proceedings, go upon the table. No such motion to refer being made, the fillibus- tering resolution was accordingly summarily disposed of. Mr. HULING trom Louisiana, vhen read tne following :— Resolved, That this Convention, evtertaining a profound | respect for the Hon. John B 4 desiring that this body | and the public generally, should enjoy the opportunity of being instructed by him in relation to the important topics introduced before the Convention. do therefore request him | to address the Convention upon such of these topics as may suit his pleasure. This resolution received the unanimous vote of the house; and the honorable gentleman referred to, stared that, in consequence of ill health. he must decline then to com- ply with the invitation of the Conventioa, but would take Occasion to do so at some period before the adjournment of the Convention. At this stage of the proceedings an announcement was made that the General Committee, to whose consideration was entrusted the general busivess of the Convention, were ready to report. Hon. Hamilton Smith, from India: Da. man of the Committee, then made their report. [This report consisted of the resolutions on the ‘Pacitic Railroad, bef apramen in Cotten, Hydrostatic Gauges,” &c., im » all of which were published in the Hexatp of Tuesday t At the close of the reading of the resolutions contained in the report ¢f the Committee, a motion was made aad upanimously carried, that the report be accepted, and the Committee discharged. It was afver this decided tha! the resolutions which were now before the house, as to the objects of the Coa- vention, should be taken’ up separately for discussion, and adoption. The first resolution in regard to the Paci- | fic Railroad, was then taken up, and called forth a long de- bate, upon an amendment suggested by General Quitman. I propose, said Gen. Q, to strike out of the resolution the words ‘‘as the general government can be expected to construct only one main trunk,’’ and inser: in its place, “that in the opinion of this Convention the maia trunk og to be located on that route which scientific explo- rations,” &c. I ofier this amendment, gentlemea, be cause I do not wish the ge government to expend its money for this purpose, however much we may wish to see this work accomplished. The resolution a3 it now joint, for nearly one-half less tbe present expense. ere are, of course, expenses incident to all trade. No ene doubts that But we say that these expen es are unnecessary. There are charges to pay in Europe. But | we say that cha:ges here aedin Liverpool should not be | sited pikes, ‘he 'plenter iy sella ‘surly ates nos | avoid these charges. They enter inco and dacome a part | of the value of bis staple. They are anticipared and al- lowed for, when he sells—the smount being deducted from the value of his crop. Tue planter makes all these | present unneces-ary and intermediate expenses by direct | shipment. This isa large amount—so evormous, as to | go beyond the present balance of trade—anvually against us If the entire evtton now shipped to Europe was to be sent direct, and sold there oa account of the planter, | the charges thus saved alone standing in Europe | to the credit of the American planter, would tucn the balance of trade in our favor Exchanges would be re- | | versed. Do you wish tokvow how may millions 0° dol: | 18 there unnecessary charges am uat to? Tae imm diate sdvantages therefore, fally justify the prudeut | planter in shipping, it be is furnished with safe aad re: | | able means. There is another question iacideat to tis, | yarticularly deserving attention It is the effect of the | present system uponcur home stasdard of prices. This | system acts practically as an export duty. Without ar- | gument, I will demonstrate it. Suppose that the aver- | age price for middling cotton on the coutineat to be eigh- | teen cents, The cost of production is, say four ceuts. | Now we have a margia of fifteen cents to be disposed of. | What does the planter make? What is the effect on | heme prices? I merely state this as an illustration, ag I | have po means at hand to show the exact amounts in | either case. By reason of the unnecessary charges alla. | ded to, the buyer in Memphis, or Vicksbarg, or New Or- | loans, only gives, suy nine cents for middling cotton, al- | | though he kuows the ultimate price is, say as before stated, eighteen cents. He deducts nine cents for anti cipated expenses. This deduction fixes she average stand- arc of quotations Ther-fore, when the northera man- facturer wishes to buy, he gets the advantage of these | anticipated charges, aud pays only nine cents for his cot ton. But suppose tbat the foreiga manufacturer should appear inthe market. He would get cotton as low as | posrible, of course, but what could he afford to give? Why, nineteen cents, less the necessary eharges for | getting it home. If direct trade were establish- | ed, und alt these intermediate and unneces sary charges were done away with however, what | would then be the state of the ease? Why, the planter would be ecabled to sell on the European valuation, and the northern manufacturer would bave to pay higher for his supply. And further, suppose that the planter seeks the foreign market? He shit direct, He shi the cheapest route. He appears on that market wi cotton. He gets the ultimate price I ask, now ridiculow it would be for the northern buyer tocome in aud want your cotton, and will give you nine centa.”” * you,’ replies the planter, ‘tbe same article alw abroad, after the expense of transportation, a sa‘e insurance and necessary charces, fifteen cents.” iy as clear as a ray of light. Congress csuld not concoct & more crushing export law, On our cotton, than this sys- tem of trade, so much in favor.(?) Ihave devotes my argument, Mr. Presiaent. exclusively to questions of first consideration im this moment. Thé spinning our cotton invo yarns, 1 believe to be also a great Southeara policy. It is in its infancy; but it is growing to sturdy manhood. If] live, it may become my duty at some other day, to en- age also in that question, when it comes up for action fore the planters as a policy. Resolutions from the General Committee, of which i have the honor to bs a member, have been introduced in regard to this great subject.’ The importance of direct steam communica- tion with Europe, has also received our attention. The importance of sustaining and building uy Southern importation, is @ question intimately connected with Girect trade. Its importance caunot be over-estimated by the South. Our entire energies should be turned upon this matter. If necessary, we should take a respeetful, but firm position with our home merchaots. If we arein earpest, we are so—if not, then our Convention is a | meaningless farce. Thea the expression of opinion of the | South from Maryland to Texa:—trom Missouri to Florida, is nothing but empty bombast Resolutions effect nothing Act! act! act! If we have aright to instruct our delegates in Congress in regard to our polit: tal rights, we most assuredly possess the same power to express our wishes to our own merchants. The South haa cities equally entitled—New Oriesns Mobile, Savannah Coarles ton, Richmond, Norfolk, and last, theugh not least, Balti- more, Let there bean undivided determination then to use cur influence—the influence of patronage, to co- operate effectively in sustaining southern merchants and also those merchants who, in laying in their stocks, purchare from southern ci We have nothing to fear if we act out whi have expressed by resolation. Mc. President, this may be the Met time that I shall partici- e in Convention on this subject of direct trade Pbeve the assurance that, as @ princigle, it has outiived all opposition. I know, sir that it has friends everywhere. Ihope that before another year pases we we will live to present to the world the evidences of pras- tical demonstration. Io this whole matter [ have beeo actuated by the highest sense of duty to the South, re 4 for the rights of others, aod the harmeoy of our ion I believe that the only real independance ia the independence of fact; political is but the result of material ower. Let ux achieve the former, and we possess the iatier, without aking for it; I should have said, begging for it! Itiys natural consequencs—commereial concen- tration leads to political therefore I have added my humble efforts to build upa competiog marke: to New York. A year ago, sir, | was ready to designate the South the Prodigal of Nations; I believe abe will reclaim her Weritage We have beeo taugbt Mr President by the Gisimterested press of the North, that our institutions ore ur down, Tuishas always been the ghost of the murcered Duncan. to rear its gory locks, and shaking them at us, exciaion, © Tt was I did it! Ic was T dd it” Blackwood says that slnvery in sweeping like a curse over the south; that already our fielde are diserted, our youth educated avay from its contaminatiog influences: that alieady our socivty flea ite contacs He speaks of Virginia as wasted; of Norch Carolina a4 having “nothing particularly to sell to aoybedy ” He says course of time, the Sourh will he # blasted aod barren hesth from Maryland 10 Texas | tle anys that it i our institution whieh fs doing all this He propre-ies the ultimate abolition of slavery These seatimeots have | found southern believers. Southern mer have aided in confirming them ay true. The prev—aye, the mighty press of the Sonth—in some@instaness have echoed those reotiments. Is there slavery in Ireland? Iretand pos rerseam richer soil, a better climate than England—a ylation of thrift and indostry, Is not Ireland « ‘blasted and berren heath’? Most truly. And why is it? Her rich men «pend their seavons of pleasure in | snd New Orleans Companies reads, implies that it is expected of the goverameat to construct one main trunk, the expense of which would much embarrars the financial affairs of our country. I therefore offer the amendment, that the resolution caonot be construed as expecting the government to expend the millions of mouey necessary to build this road. Mr. >MEKDES. of Mississivpi—I am in favor of the resolu- tion as it now reads. m willing, for one to let it go forth, that we do expect our goveroment to build this road out of itsown treasury, which my distinguished friend from Mississippi so urgently opposes. I have ng fears for the safety of the government. This ought to be @ national enterprise. Gen, Hunt—I do not rise to oppose the resolutions be- fore the Convention, but am willing that this resolu- tion which is now under discussion be adopted, esIam | anxious for the adoption of all the rest of the resolu- tiocs, which have just been offered by the inteuigout | committee who had the various subjects which the Uon- | vention had sssemb ed to consider, under their cousider- ation. Tem anxious for the government of our Union to copstruc: the road as recommended by the-committee, it | the matter was beyond the reach of private eaver rise, but I do not so consider it And, moreover, repeated eflorts have been made in Congress to induce that bod to make appropriations for this enterprise, all of whic! ave been rejected. Yesterday I remarked, when the | honorable and venerable gentleman from Louisiana, Judge Moore, made refereuce to the necessity of the pastoge of a ‘road from the lower mouth of the Stississippi to California through the State of Texas; that Texas would grant lands to such @ road ;'and I took oceasion to state, furthermore. to the Convention, that thee bat already been granted to the Texas Central Railroad Company a charter to pass with » road threugh the whole exteat of the State, with a grant of eight sections of land of 640 acres to each mile of road that might be constructed by the company within the limita of Texas. I also stated that the route contemplated of the main trunk uf that road to Red river, and the course of its branch road from Red river was within the limits of Texas, New Mexico and Cali- fornia in the direction of San Francisco and San Diego. I alluded to the readiness with which the Texas Central Railroad Com pany would listen to, and entertain with the greatest consideration, propositions from the St. Louis, Cairo, Memphis, Little Gaines’ Landing. Vicksburg whoxe roads point toward Texas in their course for California, to unite with them in constructing the road from the valley of the Missis- sippt, through Texas, to the Pacific ocean. And! noticed | in the report of the Committee thi« morning. that the valley of, and not the Mississippi river itself, is proposed as the starting point for the main trunk road. Moreover, I stated yesterday that there was ample individual | capital in the United States to back the enterprise | end carry it through, without appealing to the government of the United States to construct and own | the work. If, Mr. President, we are to invose the aid of the government of the United Sates in the great en- terprise, let it be by asking liveral donations of the pub- lic domain from the government, snd the loan of its cre- dit, in endorsing or guaranteeiog the payment of certain amounts of the bonds cf the company, and we will give | the government liens on the lands granted, aud the road itself for their indemnity against loss. This, it appears to me would be a better policy than to a-k the govera- ment itself to make the road. “There have been already repeated Boom orem and efforts to induce the govern ment to adopt some plan for the building of roads to Cali- fornia, and there repeated efforts have resulted in as many repeated failures. Let us then undertake the work by private enterprise, and even if we cannot obtain the lands or the loan of credit which will be solicited from the government of the United States, let us ask the States interested in the construction of the southwestern road to the Pacific Ocean to loan us their credit, to limited amounts each, and take liens on the lands fiat and the road itself for in- demuity. Suppose, Mr. President, that each of the States represented in this Convention were to loan its credit to the Texas Central Railroad Company, for one thousand dollars per mile of road, from Red River te the Pacitic Ocean—or even half thatamount ($500 pertmile, ) and my word for it, we will be enabled to land you on the Pacific Ocean in California, from this city, in from three to five days, within ten years from this ‘date. And to arcom- plish this. let all the companies who have ia contempla- tion the construction of roads to the valley of the Mis- sissippi, on Red River, unite and become interested with the Texas Central Reilroad Company, and their energins, talents, wealth and influences combined, cannot fail to speedy consummate the great work 40 much desired by all. which até now annually jacsing to the same 4 the road {s constructed that a double 4 srovel be required for the transpotation of coal alognmercial the steamers which will be ecessary for the Paciie apd pastenger purposes fron our shore: Otyrigus other great East. Thetfrom thins, a: no distant countries of the East incluing probablythe imaen-# y Ocean. In referen ite Vesa from the val- aod the inability of ould state that from d been ensdled to from seveaty five f suco an passengers tissip i, on Red River, to taf to the cost of the road to te Weill ley of the Mixsiesippi oo Re Fret private enter prises to farpis jf ¥% ‘he best rources of informea 1 bi consult, that the cost woula exe | to une hundred millions) duilers; aud 1 investment would produce o income bsg has been alone of fifty millions of doilra per annum As wil very justly, ax Tthink xuguerel by Me Smeedes, there «0 | be much Jee difficulty im obtiting the cevital veteth) | so geutlem ‘or the construction of the rac than Beare Tithe | anticipate In my opinion. i) um rhe government of the United Swe to ase, paver ifthe xolieitation is based a the opinion thet enterprise cannot consummeae it with tne Jens Da granted lends vow granted and whics il doubt aa he to the Texas Central Railro Mr President, jer o4 Me united Let os make a log pall, a strony 1 Littl pull altogether, from St, Zonis, Cairo, Manphis i New Urleans, | Kock, Guines’ Landing V ckxburg Natobez a Galveston, and eur utmost wishes tnust and will be i entorprise veedily coms nmarated by ori o enter | Hon. Jom Bit, of Teun =I Is not aay de ret | in'o the discussion whied Bas er should feel fofiotte regret if the dew should be vropagated | from this hall, that ure general government cannot, oF | ‘The estimate of my esteemed and enlightened feiend, ki 34. Reflroad bonds and bank stock were quiet. The The receifts at the office of the Assistant Treasurer of across the continent soith of the limits offs, United States. In addilon to these pas aa | thi 1 will add as only ow item, that as, wil | $9, since the svpt mol the independent treasury system, that the depsits in this port have reached the sum of eight milli of dotlars day Japan, it was impossite to compyoe up to w nexed — commerce which would, aby magicgy ing first road | 100 shares \ngolan Coal 0 5 through our limits to Euro® Tuat 2oiig not be tea | go do bier leas ..., DOO Zig poten ren Vas Per ns pe ly be nece-sary to | 250 ao huvrtora . nrgdoeg © ars therenfier before i cali 6 Dould ten double track roms froce se Valley of the Mis For McCupk Guid, 47% offered, 514 asked; Lake Supe | rior tilver, | offered, J arked, Phoeuix Gola, 11 offered 134 axked tat Northern Lead, 3 olfeced, 4 asked, dollars per He: dee with all respect to the ned You, from Mluledppl and unconstitutionality in such ‘Why should not this road transporting our ar- tinent. I have stated in another lace of high position and responsibility, and I repeat it Gere te juestion Spey should cost us two bi miliioas of dollars, should we have it at that price, or not at all? I would give my voice and my humble energivs to the accomplish: ment of thif work. (Loud applause.) I desire to -e9 this road completed—I denire to visit myself this golden land. I wish to see it done in my day, ani I don’t think myself very oldeither. (Laugiter) I think myself yet very far from the limits of old fogyism. I am no* willing, with ail respect to my distinguished friend from Texas, to agree with him in carrying out his project, for the reasen that | am opposed to avy private company having charge of this great road, which ought to be # nstioasl work. One more word. Ihave done General Huat has said that very soon a double track would be required for the commencement of the road J agree with him, and go further and say that the time. I doudt not, will come when there will be two routes to the Pacitic, if the pass can be found; and I may go so far as to say there may be three routes to the Pacific shores, if a pass through ther chy barriers of the West is ever discovered. Never- theless, 1 am oppored to giving these great high #ays into the bands of private companies, but think toey should be owned by our government, and supported trom its | treasury ‘ Gen Qvrrmay, of Miss.—I arise for the purpose of say- ing that my sole object ia introducing this amendment | was to formard he cause of ouildiog this road, for no owe is more in favor ot this road than I am; aud I hope to be one of the party who may yet convey our young frieud— (turning to Senator Bott) —w the Pacitic Ocean, (Laugi- ter.) The reasoa why Lopposed an sppropriativa tron, the federal government, is that, whtle 1am io favor of building this road, I am not in favor of involviag this go- verpment in deb’, and by this means jeopardize tue broad basis of Our institutions. Gentlemen, if this proposition is correct. that the general government should build this road, then the government, on the same priuciple should buiid it free frow charge for the transportation of our citizens; and, moreover, 1tshould establish thousaads of tavern-keepers along te route for their accommoda- tion, I thik no one would wish this to be dune, aud thus, by a heavy deot, en aoger the great béuetiss which ‘our forefathers have bestowed upon us. The yote was then taken upon the amendment of Gene- ral Quitman, and ic was adop’ed. Mr. Biark, of Miss, proposed to amend the resolution by inserting the word’ central,” applying to the Pacific Rauway. ‘Towre was some discussion on this questiva, Pay finally the vote by States being demanded, it was a3 follows:— : ‘Alabama Virginia, ‘tenn Missouri, South Carolina, Louisiana, f Arkansas, Missis: noon. AFTERNOON SESSION. This sfternoon the resolution as to the Tehuantepec roud, being the next in order afver the one disposed of | this morning, was called upand elicited a loog debate, in which the Chair took the most promisent part. Gen. Quitman, having stated that the Convention would be pleased to listen to the President, as being, from his geo- graphical position, best cafpulated to consider this ques- tion free from prejudice, Fudge Wm. C. Dawson, Presi- dent of the convention, r se und said :—There is no dan- ger to the South from the adoption of this resolution, and it therefore becomes my duty to insist upon its passage. I cannot, as the discussion which has already taken place would’ seem to imply, regard this as a sec tional question, but a question in which is interested tne entire extent of our land. What are the fucts of the eare? Why, sir, we are merely attempting to develope the resources .of a portion ef the couutry which bas been long, very jong, neglected. What is it we require by this resolution? We only ask Congress to inquize into the existence of rights, which it is alleged, have been secured to our citizens by treaty. It is in my humble opivien, the bounden duty of this govern- ment to step im wad vindicave these rights, sfter taney have been once established and acknowledged. Way abould we hesitate ve recemmend an iavestigation? We oply ask the government to decide what rights will be guaranteed to us, that we may act understandiogly ia the building of this road. Andin fixing these rights, I may say itis not the wish of this Cenvention, or of tae South, to encroach upon the rights of our meighbor, who may not be s0 strong as we. We ask not to claim aad secure rights; we only ask what are our rights, and | their mautenance. We only want, in the lunguage of the resolution, that the government will maiataiu, by all legitimate constitutienal means, the rights of Ameri- can citizens. And I caunot velieve that there is a siagle | gentleman present wae is not in favor of this security of | the privileges which belong to us by the goverament, ‘Then what is ths odjection to this resolution. Why it is said that it will compete with the roud proposed to be c»n- structed over a more central route, then would ask, in answer to this objrctiou—are we here met, upoa the bank of the Great Mississippi to legislate for the beastit of the stockholders in aay particular road, and to cry down any scheme proposed, because 1ts elfect will be to injure the mierests of some particular State or company? For cre, I think think we have met for no such narrow | 4nd insignificant purposes. We are here to discuss hor | we rkall benefit our entire nation, by the full deveiop- ment ot the powers and resources bestoved upon us by & bouptiful Providence, and ia my humble judgment, this object would be greatly promoted by the passage of s recolution the vote upon the gdoption of this resolution was then taken by Ststes with the following result: — Ayrs—Alabama, Virginia, South Carolina, Georgis. Texas, Tennessee, Louisiana, Ark i, Indiana, Ili: noit. Florida. Noxs—Kentucky, Missouri, ‘The reaaiader of the resolutions were then taken up in their order, aud each called forth some discussion bat were adopted without alteration. On account of the de- members to hear the Hon, Mr. Bell, who hao been invited to address the Convention, a motion was made that the resolution passed in the morning, adjoura: ing the Convention to dey, be reconsidered and annulled ‘This was carried, avd the Convention adjourned till nine ck to-morrow morning. FINANCIAL AND COMMERCIAL, MONEY MARKET. Wepespay, June 22—6 P. M. There was a perfect stampede to-day ainong the fan- cies, An immense quantity ofall kinds of stocks were offered, and the shorts had a grand opportunity to take in for delivery. Erie Railroad was handled more roughly by the bears than auy other fancy on the list, and they sold it down to poiats lower than i: has before touche for many months. The dividend question, which b# been postponed to Octover or November, is the princi?! cause, aud we shall not be surprised to see the stoc! tea or fifteen per cent lower than it now ranges. | our opinion from the first that the Erie Railront Com- pony never has earned a dividend. About thre or fou years ago we devoted a great desl of time uoi space the discussion of this company’s financial affairs, showed conclusively that a dividend on tae cort 9, r Tthe deea | 5)», $85 detail the numerous workings in progress, concludes as follows:~“On the whole, after a careful examinatien of the mines and of Captain Dunkin’s report, I cam candidly say that I coincide with him (in all important particu- lars) in his opinions and estimate, with regard to the work of carrying on these mines; and I feel » strong as- surance, that with a judicious and liberal economy in the administration the adventurers will be rewarded for their investment.”’ The dividend on the Harlem Railroad, old stock, is close at hand, and the stockholders would much like to know from the honorable board of directors of this company, whether there is to be any increase of dividend upon this stock. which is payable on the Ist of August next; and should there be no increase of dividend, the directors will not be justified in the eyes of their stockholders—nor by the rapidly increasing and euormous revenue from this road, as compared with only four years ago, and it is a singular fact that the first five months of the pre-eat year the Harlem received $319,000, which is precisely the amount of the income for the whole year of 1849, when they paid the first dividend upon their old stock. Facts are stubborn arguments; and if the dividend is not in creased in August next, the directors ought to receive an open proclamation of indignation from the stockholders. ‘The stockholders can and do perceive their rights and ascertain them just as well as the directors themselves, and if they turn a deafening ear to the too often reason- able requeats of their stoskholders, their appeal will then be to the Legislature, who are always ready to relieve op- pression. ‘The London Mining Journal of the 4th of June gives the annexed table of mining companies which declared divideuds in the month of May, with the rate per share, and the aggregate amount paid :— Divipenps oF MintnG Companies In GREAT Bait. 1853 Mines. Devon Great Consols, Wheel Buller... 40 0 alfred Gonsols .. + 013 West Caradon 10 0 Mendip Hills, 2010 North Pool, 10 0 United Mine: South Tolgus.. ewoococcoocosecococsoocecocoeco® cococcecoosceccocccocoocc] eocceccooocosooococococec]o South Caradon. 40 Dhurode..., ol Balle-widden , 010 02 5 0 50 02 5 0 010 10 Trelyon Consols .. - O16 Providence Mines. - O16 Nantile Vale 01 ‘Wheal Marg: 210 Total amount.......s0¢ +00 sree 00+¢£53162 0 0 In relation to the market for mining stocks and metals, the Mining Journal of the same date says : There is no via media in the mining market. It is either the height of excitement or the extreme of depression. When the fever of speculation is wild and rampant, the public rush in and buv, shares are forced beyond their value. In times of great depression, like the present, the same public, witaout looking to the condition of their mines, which. as regards their prosperity, cannot be af- fected by political events, or injured by circumstances aris- ing fiom mere temporary and extraneous causes, become frightened, and sell out (or attempt to do so) at almost ‘apy sacrifice, and thus help te create the very panic they dreaded. The old stager acts differently: when the ex- citementis on he sells; and in times like these he quietly lays in his stock. During the week Alfred Consols have been almost the only shaves which have maintained their price. of £18 10s.; Devon Consols, £375 (sellers): West Caradon, £230 to £235, and sought after; South Tolgy done at £190; Trehane £25; North Towy, i7s, 6d to £1: South Towy, 10s, to 12s 6d.; Basset. £500 to £525; West Providence, £51 to £52 103.; Mary Aan, £45, ['re- spy, $64; Tremayne £18 to £20; Guidea, £3 to £3 103 ; East Russell £11 16s. ; Mill Pool, £lo to £11; West Trea sury £10 10s,; Herod+foot, £14; Merllyn, £4. Notice has been received in town that the Julia lode in the 30 fm level cross-cut at Clijah and Wentworth has beea cut Pree and shares have been sought after; United Mines, 20. Pejrors,--There were 80 bales Kastern and Western rur- 20c. per Ib. of 2,000,000 Eastern were effected at ‘THE $175 a $1 873, yee M. Lom.—There have been 4,500 bbls. Rockland obtataed, at 78c a 80c. for common. and $1 30 for lump per bol. Mrrais.—Copper was in demand at 22¢ a 23c for ydlow metal. and 27c. for new sheathiog, per Ib. Taere vere 8,000 Ibs. old bought on private terms. Iron evined considerable The sales embraced 640 tons Seowh pig at $28 50 8 $29 cash; aud $30 six months; with 30 ms Irich, wrovght scrap, at private bargain Land tended downwards. There have been purchased 3,490 pes of Galena, at $6 50, now worth but $5; and 500 pigs ia w, at $5 50 er 100 Ibs. ‘Steel is mode» ratel in was legs active ; only 100 slabs Banca, were cixposed of at 26c. a 26¢0. per Ib. Ons.—We have no change to notice in this line, beyond noting the increased activity in linseed, the wesk’s «ales of which reach 80.000 gallons at 61's 64¢ per gallon. ‘The transactions in other kinds have not exceeded 400 bbls.—inferior whale at 48¢. ; 800 gals. olive, at $1 25 ; 8,000 guls. refined rape eed. at 800. per ga'lon ; and 800 packages olive, at $4 @ $4 1234, and $6 to $5 60, each. Pkovisions.—Pork wax inactive. ‘The sales have been confined to 370 bbls Western, at $13 for prime, and $15 75 for wess, per bbl. Cutmeaty did not yary much. The sales of the day embraced 180 pkgs., at 5 9 5%e for dry salted shoulders; 634 » Gige for pickled do ; 8 a 83¢c. for dry ralted hams; and 84% a 93¢¢. tor pickled de, per Tb, The movements in lard inchided 250 bbls., at 93% 6 104¢¢ ; and 150 kows, at 10344 Me. per lb, Beef was in fair request: the sales reached abont 400 bbls. ia lets, at $5 a $5 873g for country prime; $5.a $6 50 for city do.; $8 25 a $10 12%; for country mess; $12 9 $12 76 for city : $11 76 a $12 60 for repacked Chicago do ; and $l4s $14 26 for extra do., per.barrel. Batver was selling at 10 » a l4e for Ohio, and 144 18¢ for State, per Ib. Cneese could be had at from 6 to 814c. per 1b, Reat Esrate-—By Cole & Chilton, auctioncers.—New Brunawiek, (N J.) Property.—4 lots, 25x10, in College avenue. corner of Stone #t-eet, each $820; 1 lot, 50 x138, on Condict. near Hardenburgh street, $130; 4lots. 25<100, on Wyckoff street, corner of Stone. $188; 4 lots on Mor- rell,, near Wyckoff street, $96; 5 lots’ on Huntington street, near Wyckoff. $72; 4 lots adjoining do. $76; 6 lots on Welton street, corner of Drift lane, $360; 4 lots oa Prospect street, near the o' Trenton road, $228; 4 Lots on Somerset street, corner Bethany $836; 4 lots adjoin- ing, on Bethany street. $16; 4 lots on Jones’ avenue cor- ner of Redmond s'rect, $108; 4 lots adjoining en Red- mond street, $124; 4 lotyon Town laue, corner of Red- mond street, $864," 4 lots adjoining, on Redmond street, $304; 4 lots on Remsen avenue, corner of Townsend street, $192; 4 lots adjoinixg. on Townsend street, $148; 4 lots on Delavan street, corner of Throop avenue, $92; 4 ots adjoining, $80; 4 lots on Hale street, near Th , avenue, $84; 4 lots in rear on Baldwin street $104; 4 lots on Codwise avenue, near Bildwin street, $168; 4 lots on Hale street, near Jersey avenue, $128; 4 lots en “Railroad avenue, corner of Delavan street, $250. 4 lots on Delavan street, near Rallroad avenue, #130; 4 lots on Sandford street, near Codwise avenue. $1¥. Rice —Only 650 tierces ordinwy to prime have been sold _at $4 50 a $4 25 per 100 Ibs. chased, at 18c. a Larus —Sales Saut.—The transactions he/é been solely in Lirerpeek, to the extent of 4,795 aacke fine, part at $1 50 a $1 76; and 1,500 ground at #1 05 pr sack. SEEps.—A sale of 4, gs. Calcutta linseed was &- fected on terms not ascertined- Soap.— There were 450/0xes Castile bought at 103g. 10%. per Ib. Srices were quiet byttendy, at 43{c for race ginger No.all¥e. for Sumtra pepper; 4c a 14%4c. for Jr maica pimento; 173,c4 18c. for cloves; 35c for cassia, ¥ mats; 80c. a 85c. foyMace; aud %5c. a 973¢c, for No. nutiuegs, per Ib. TAtLow.-Sales 100,000 Ibs. prime, were reporte** 93. a 9340. per Tonaces cedmednore active, but otherwise uggs ‘We noticed saleg? 385 hhds. Kentucky, at 6," bales josh i 13¢0.; 280 Havana fillers is sane at 25a 4230 157 Cuba, at private basin; 1818 Florida and #10 seed leaf, at 834 9 45c.; and York and Cor€cticut do do., at 5 a tc. per Ib, hands Waarxnoy— Avout 21.000’ Ibs, Folar chang“ 5 at 856., car Per a Wreskce-Sales have been made of 800 ce af 21c,, and/ixon at 2134 a 22e, with 30 bY 21 , pestllon. ee ADYSTISEMENTS RENEW vy GVERY DA’ TELEGRA’’ -—NEW YORK OFFI- Piet MAGNETIC TELEGRAvavor streets, and in the ces, coruer of Hanover amouse, Broadway —entranoo : main entrance of the Irvinchambars street.--Th - In the metal market, generally, a very brisk demand, for ladies at th: safand a i Lo ¢ Mag: for all Kinds continue. ‘Considerable transactions hay | ne tie Tela ph Compan Seber nee eth Sha ceolate ee take lace in tin and plates, it is expected 11 umodation of the 4 and charcoal will advanos, ‘ihe makers having ate pacing Aclosraph ta promaeuidn all weaaeeriot ay hunds; consequently stocks are gettiag more reduced offered, ha’ MATA ‘expense for construction and re- quantity. Copper hax given way £0 10x per toa for c=8® | airs now caves Bed and {n active operation, two separate and tile, and is now down to £107 10s.; sheathing, 1 bd ‘and distinct pray oe pele wires, extendi Ib, Business is, therefore, increasing, and the sieaulae, Ham New Vie tive wires, from Now York to Phit spas, tures will, doubtless, make greater purchases. The ‘Ares from Philadelphia to Baltimore and Wash: of epelter in gradually lessening, £02 6a. ia the price | ee oa ee ee oars ane Mae the market for present delivery, and 5s additional for’ ¢ +0 Wires the whole distance, and the company have sta- aud two months delivery onwards. The demand for, | ti-as at Washington, Trenton, New bruni, Princeton, way and manufactured’ tron is again om the inege | Newark Jorsgy tity, Marre de Grace, end teghlotions te pvinzipally for exportation Scotch pig is ia req¢ee | insure prompt delivery, this affords $0 persons dis- 5 pr Y 7 the sovanced figure of 538. cash, 2+. more fo posed to avail themselves of th and advantage of this months’ delivery. Lead may be called stationary Stock Exchange. 53. First BoakD, June, 3814 rapid mode of communicating with personal or business friends in dist anequalled b, hut recently an ex nt cities, an extent of means for promptitude y other Uineia this country. riment, has become a systematic and the amount of thousands $10000 US 6's, 68... 121 150 shs Parker 7. 33 jo medium of bust : 2000 Peo’aState 8's 97 350 do 32 | Spon thousands of dollars is daily transacted through ike 4500 Cali’nia 7’s,70 94 20 de 23 3 pride nig OO ceili eat ear 27 | PRICE TFor the transmission of ton words or less, (ox- I i 236 | alnsive of date, a tignaturo, for which no charge 1000 Erie Conv, 71 9934 100 loCoal., 234 | is made,) th Prices are From New York to Newark, twom 3000 Hud Ist Mt... 108 ty cents; to Philadelphia, twenty-five cents; and to’ Balti. 7000 do... 109 more or Washington, fifty eent: Open daily trom 8 4M: 40 15 sha Bank Com’ree 112 0 WM. M. SWAIN, President. 5 ‘Ww. P. Weevenvene Superintendent Oise) on 5 Hanover Bank 20 do. - 97 6 Commonweal hBk 100 200 Morris Cana). + 20 i Io. 100 Cantos Co. 2934 200. do, 200, 300 Cy Impt Co 10340 100 Yortem’th DD 630 3250 20 Nicaragua Trans, 2° 50 Ws Thay ce, £506 150 do: 81% 29 Uriea & Schen RR 195 800 Nor & Wor RR. 66 200 Readlog RR..b60 93 30 a 92 100 Hodson Riv RR 73 50 Mad’o & Ind RR. 1014 50 Mich Central RQ 116% 55 N Irdiana RR... 140 16 Clay Col & Cin RR, 132 or Ci d ‘arker in removing and giving up her retail business, she HEWITT, 350 Broad Bowery, corner of next fall with a fresh and new stock of goods and to dispose of all bis remaining goods, would respectfully invite h friends and customers to a themsclver of the opportun’ ribbons in the city, cheaper than ever. purchased by t vanced prie quisite assortment of India an suawis and eos SALE OF FRENCH CORSETS. would intimate to the indies that, in seque’ will eat sacrifice, her re ONNET AND DRESS TRIMMING RIBBONS, SILKS, and milliner: H. LICHTENSTEIN, 90 treet, being very desirous to open it him in the seme, and avail to obtain some of the richest ANTON CRAVE SHAWLS.--FIFTY CASES OF PLAIN and embroidered awis. Having boon to the present ad- 21 GEO. BULPIN, 361 Broadway. jJOR SALE—A LARGE AND DESIRABLE ASSORT- ment of linen drills and coatin SECOND BOARD. eo ‘a 161). St 100 chs Bele BE,.bIs 82 BLACKWELL, WHETTMORE ECO., 7 William a6. i ) Gm’ with Bk. 100%. 60 do.....b15 81% REAT IMPORTATION OF MANTILLAS —FIVE "MAO... 22408. 101 100 5 thousand exgvisite garmensa in plain aud embroidered silk, ruffied ond frilled ditto, lace, tissu, Grenadine and other light fabri@ in mantillas, baving Leen inported bj the subscriber wi view to meet the increased deman never be earned with @ single track. it is Mfgiag | % do. 50 Ge mye Pl Vey bt hae opinion that tt can never eara more than® Ver eign, | oF Centon Co. 75 from cost of fnnportati ‘The entire of the subscriber's one with a double track. It is too hot to Bi¥® presoat |,cy 87 42° jag 1236 of stock ie bow selling at & similar reduction to make room for fe article upon the rise, progress, dy requir. | 50 Flor &KeypiPR 17° 200 Paris Mantilla Emporium, No. 361 Broadway. sition of this company, and it isee 350 Cumb CoalCo.... 48% 150 py fe u Taal ti Teal: | 300 Purker Coal Co.. 33° 200 CLOTHISG, ed, for all our anticipations hy the finan. | “ro Cleve & Pittsb KR 104 200 Sear 7 ; earacee cee ized, and it is now ackuowledy the compary | 25 NIrd RR....... 140 100 AST OFF CLOTUING AND FURNITURE WANTED.— cial offcers of the mansxeweut 4 view of the a. | 100 Brie RR.......°- 81K 100 rice for the wume, by. caliiag or sending cannot pay another dividend in oxs in fact to an ad- | 369 ote sist 100 at MF. OH NB bilities about maturing. Tois » asserted about past mission that what we have soiny have not earneda CITY TRADE REPORT. LOTHING AND FURNITURE WAN C dividends is true, for if thesnths it never has, It is Weowespay, June 22—6 P.M. | anal aren 13 Wert place, bd ASHES were very quiet, today. Tbe sales did not ex- | near Broadway, or by letter, dividend during the past ‘next thirty duys there will | ceed 50 bbls., at $5234" for pearl » and $475 for pots, Bett Ladies atveuded to by our impression that withat board of directors, and a | per 100 Ibs. vi be & scattering of thall give us, we hope at anearly new organization, w©couat of the cost, earnings aod day, 4 full and det Of the road from its start. Inthe operating expen@nd bears of Wall street will have meantime thee stuck. Nicaragua, Parker Vein, Breapstvrrs —Flour was in very good demand, at im- proved rates. The sales of the day rea sour, at $4123 » $425; superfine No. 8734; ordinary to choice State, at $4 683, a $4 8734, mixed to fancy Western, at $465 8 $487%, common to good Otto, at $468% a $481%; and ouher grades at pro- portiopate ‘prices, [ Of) OFF CLOTHING AND FURNITURE WANTED.— be Fersons Geckzons of converting thelr cast KT ar icles in , can obtain e adivg for the subseri- ber, at his residone are ahs Bo oftee. — , f ', No. 1m street. N. B.—Ladies attended to by Mrs. Dusseldorf. —TWO THOUSAND DOLLARS shed 10.400 bola, ut $425.0 $4 Nothing of moment was done in fine times ‘Harlem run down rapidly to day. The | canal The transactions in Southern were confined a worth wanted.” The ilahevt sank will be Hberall, Cumberlayxteuded to other fancias, aud there were | $2 Metres Ser Eee mixed to good ; all lots of go iaiad, Le eect = a for favorite; and $5 50 4 $7 for fancy, Address through punic in@t the decline, e first board to-day bbl. Rye flour and corn meal were uuchanged. second-hand large, Ace fell off 3 per cent, Morris Canal'}¢, Camton eat Aended upwar The sales included 25 »00 : va Cryy 1, Nicaragua Transit 3, Cumberland 3, Parker | Dusbels Western white at $119 «$124 per oushel, Rye ISITERS TO THE CITY, AND HEADS OF FAMI. Cof, Phoenix Coal 134, Hartem 1, Erie Railroad 43;, Ang Railroad 3, Hudson Railroad 3%, Michigan Cea- is port, oday amounted to $125 054 93; payments, 747 GL—mak ce, 98,009,964 71, This is the first time, Tne sale™t the Mining board to-day, were as an- as ‘VheTradden’s Bauk nas declared a dividead of three Tue Kass Boston Ferry Company bave 4a idend of uve deliars per share in stuck; the Houston aodeine Reilroad four per cent; the Pauaton Brauch toe cent Tae Cockees Maaufaaturing Com pony haveared 4 dividend of chicty dollars per share the Stock! uy four per cent; the Salmon Falls Com jony Aitdellars por share; Ube Sandwich Glas Jom- Dirscty from the treasury ogland Their children are educated in Kagl«nd, Her rich produce ix sold and bandied for Kugtish account Shy is cultivated for the bene it of England, Ireland is plantation, and her people are but the overseers: os for others, This is the cause, sir, of should not appropriate money for the accomplishment of tvs great work. For m ows re Lewpany, ty report, after recapitulating in wan obtainable at 80 a 90c. per bushel plenty and depreseed, at former rates, Corn evinced ¢m- siderable vigor anle« amounted to 43,000 bushels, closia for damaged: 00 @ 623g¢ for mixed aad Coav wae in slack request, at $4 a $4 50 for anthra- cite per ton; aud $8 for Liverpool orrell per chaldron Cortox —The market has been very languid, the sales emounting to 600 bales, at prices in favor of buyers, Fink Cracks —Sales of 2.500 boxes Canton, 40 packs, ct made during the week at $1 40 a $1 46, usual m8. . Fist were in good demand and firm. The week's tran: actions embreced 5 000 qtls. dry oni 12 000 bbls, No. 3 $13 25 per bbl herrings at 25¢ @ 350 each Freouts— To Liver] 10,000 bushels grain in bulk at 54., and 10,000 do. wheat 1m ships bags, at 636d. Giasgow, 40 tons bark flour at 28 measurement goodsat 27% (d To Califorain rates rar ged from 85 to 60¢, With most doing by clippers, at 40cm 5c. pe foot measurement Frvrr —There have bee boxes layer raising, at &: $276; 1,000 halt boxes do, do. at $10; 806 Ibs. « on private terms, 8 Jamaica grenn ginger at 8e Cubs, part at 20. Oats continued lios should gall pect. fashionable stock of Indies’ and ebild WARDS’, 764 Broadway. @ new, superior and '# clothing, at Miss with an improving tenor. The day's at 5634 a 5950, Mr. Smeedes, of Miss., which h white southern soakes the tedomve fron & rail frome hare toe heard yonyer ible bunds of the Erie Railroad Company will be | uud round white; 623 » 6240. for mixed Western; 63% | —~~—-~~-.~~--~ herent oe Ocean at $200 each for parsiogers—one hundred milli, vary ipjuriausly allected by the pAssing of # dividend on | # 4c. for round yellow; 643¢ a 653¢0. for Southern do, bial tally of hha Meh ote At THE sapart owder depot, ty atree of money, if only the sameaumber pass over the y | ine stock. per bushel. exbititions of the most brilliant colored fires efzr eg hiniteds Address GLENN PUTN. for Professor I. kage, Sr. NEW YORK LABORATORY, NO. 199 Fire orackers, Canton rockets, donble- f firework quality Country hante an mitboos for eity and countey dia- t liberal terme, M. BENNETT, 196 Front atroet. IREWORKS! FIREWORKS ! — $60,000 WORTH OF Sreworks, comprising every variety known in tho mae- for wale Jo’ store 210 Washington street. Whole- sale dealers and committees for exhilith ka aro davited to exumine the stock before purchasing elso . JOUN K. ROSS, Proprietor. {IREWOKKS! FIREWORKS! OF EVERY DESCRIP- tion, and warranted of the Gest quality. Countr nd others supplied ou Weeral terms, RO SBIN 88 Washington strect, corver of Chambers, StLECTED STOCK OF cracker® double headers, rockets, pin wheels, triangles, flower pots torpedoes, blue lights, Komen candies, exhibition pices, te., of the best quality, which are offered at the lowest peicos, HOMAS DUNKIN, No. 10 Maiden Ian <THE OLD STAND, NO, 90 ATLANTIC yn has now on hand the largest aud bost he rain goueral plays supplied on the m at $3 per 100 tb; and No 1 mackerel at $8 and $134 and 1,500 boxes xwoked No. 1, and ecale vol, 1,600 8 1,900 bhis flour at 1a 9d Cotton wax J 16d.a 14d to 10 engaged at 30s., and 30 bois To London 590 bbw. flour were engaged at and'200 bbls. lard at 22s, 6d. per ton. To Rovierdam bales cotton were engaged xt Ye and with some 660 a ts ‘old during the week only 26 800" bunch do. ar $ ved ginger at $0 123%; 20 prune: ae L 5c a 6Fe ; IS eitron at Be ; 40 000 Baracoa neves of Danson at 61a ; 40 bags Hlberts at $6 3744, 100 bag Brazil outa at | vent; the New Ocleaas Gas Light Com of fireworks ever fered to the trade, Storekowpers pany five cent; # 6 private varge! 4 15000 Iba Soutoern and Western : the publi rally oan be supplied on th t Mboral paoy, a (Annual dividend of tive per cat, payadie to | dried apples ut 230 a 4ic0. per Ib. Seracers "Ait cress pesmpliy aaueated, aan perked wi New YoPekhulders at the Merchants’ Bank, oa the GrocRKIES — Sven our Int weekly report, coffe, honey . WOOD & FULGKAFF, 8 Atlantic street, Brookly: gust molaxes and teas have bee «paringly dealt in at td = es v reves, while sugars have heeo freely bought at behtl ‘Toe sfebip Canada, from Boston for Liverpool, to | reduced orice. ax far ax coucernwd bude This woe y ohn A fd ae day orj out $674.70 im specie, of which $474,070 | sales naluded 200 bageSt Domingo coos. ar 43g tw nnd; | F)XTKA PAY.—U. 8. Na VY SaTLORS, WHO §! vetTon p y p t D u P an, was in Jogos, and $100,000 in eoia. Gun laguayre and Karsoar cr Han O8Ge ON dares | trem IMG te hoa thelr extrs doubl Prot{ SD. Thiaog; io Aetna goey, A 026 4 OMe. 70 S, Livaingg at 846 5 6 verona Cubs | No. doneh Win ere ee now @ way \o Lake Svpertor, has just made a | lioney for home wee at bio. Ohhir Porto Reco motes | *FIC! ¥ : fe Wi 28 » We; 60 New Orleans at 200,; 100 Neueiiaw at | () YICERA AND SH ANEN oF TH jorogarnination of the mings of the Great North | f Saba? - i who fio mt any time from 1846 thor: memos 27e.; 400 Cube Marcovada at 2234 w Q4o.. 4 d to is Us recvive their extra pay of P, T BhTTS, ‘azent, GW 21M4¢ por gallon; 3, 66 Wall street, basoment.