The New York Herald Newspaper, January 31, 1854, Page 6

FINANCIAL AND COMMERCIAL. MONEY MARKET. Mowpay, Jan, 30—6 ?, M. ‘The market was ins very unsettled condition at the @pening this merning and no demand of consequence ex: ‘sted for any of the fancies. The transactions were there- flere limited, and of no particular character. At the frst beard Nicaragua Transit declined 3¢ per cent; Florence and Keyport, ; New York Central Railroad, 34; Erie Railroad, %. Cumberland Coal declined per cent; Uanton Company, 3; Erie Income bonds, {; Parker Vein, 3 Wehave seldom known so dull a market. There is mothing in the future calculated to keep prices so much depressed, and no one seems able to give any good rea- son why the present inactivity should exist. The buile ‘and bears make no progress in their eforts to put prices apordown, The latter are evidently trusting to the power of endurance om the part of holdsrs, believ- img that in the absence of a demand their ability or disposition to carry will give out, The next news from Europe may help the Dears; but it w our belief that oapitalists on this side of the Atlantic are beginning to view the positiél of poli- ‘toa! affairs in Europe in the proper light, and we shall not again, we trust, exjerience such excitements as have re- seatly been created by the arrivat of Jater news from the soene of hostiiities, We may have fluctuations in prices for breadstuffs, and panics from time to time among speculators, for am unwarrantable inflation has already been realined; and sooner or later there must be asmash ‘mong those who purchase for an advance in our domes tie markets, instead of sending it abroad. This will take place as « matter of course, without affecting in any way ‘the real position of aifairs in the financial world. Money matters here are daily improving, and the very eontrac thom that has be:n forced upoa us by the appre! ions early produced by the probabilities of » general war ia Europe, has been very beneficial, and served materially m settling things down upon @ more substantial and oli. basis. At the second bosid there was quite a buoyant market and preity largo sales, Delaware and adaon sivanced 3 per cent; Cunberlan’ Qoel, 4; Bele Raileoad, 3; Had fon Railroad, 1; New York Central Railroad, Realing Hadsoa River Railroad stock bas tal © it having risen two par contulaze Satucday’s seound board, This morning ocly 8 few amall lots «x ehanged baads, st 67 #68 percent Tais afternoon more thaa Gficea bundied shaces were gold, at 684069 per ent, At the close of the market the tendency of prices ponerelly was upward, and holders were firm at the ad wan. The receipts at the cflice of the Assintant Treasurer of ‘his port, today, amounted to $210,807 30; paymenta, s 2 17—leaving @ balance of $4,566,082 29, Halt dollars, quarter dollars, dimes and half dimes, can now be had in sums of $100, in exchange for gold coins, The annual statement of the Astor Mutual Insurance Company shows that the whole amount of premiums for the year encing December 31, was $393,260 22. The eara- ed premiums were $650,023 95, from which have brea paid—losees, $165,108 10; return premiams, $78,687 48; reinsurance, commissions, aud expences, $71,842 32— making « totalof $616,135 90, and showing a net profit of $35,885 05. Tce not earned profits of the company to the Slot of December, iuclading certificates previously Masued, are $440,555 05. Ite asseta are £626,812 42, The trustees hare declared an interest dividend of six per ent on the scrip issued, payable February 7. ‘The emount of the publi debt of the United States re- Geemed since January 21, 1854, is $126.600, of which $84,800 was of the loan of 1842, $13,400 of 1843, $1,400 of 1848, $72,000 of 1847, $2 000 of 1848, and $3,000 of the Texas indempi:y. Amouxt of debt outstandiog Jan. 28, 1864, $63,771,447 52. The avnexed statement exhibits the receipts and ex penditures of the government of the United S:ates for ‘the quarter ending Deo, 3], 1855:— Pouances oF 1HE Usitep ne ‘BNUS AND EXPANDITURES, c $13 687,811 27 Gy 2,228,076 39 Tneidental, from miscellacesus sources 101,963 64 Loan under act of January 28, 1847, (Tree. wary notes funded,)........ pie . 359 00 Otel... ssccecceenceescceescees oes BL0,018,201 30 Expendilures. GAvil, miscellaneour, foreiga intereourse, ‘and public dep’ davdgceesods 5,897,858 65 Interior, (Pensions and Iodian ): 600,604 72 we 8,006,892 10 + 2,199,081 86 se eee eee «$43,504,277 63 “The deficiency for the quarter amounted to $4,391,076 33, luds trust funds, ‘The annexed statement exhibits the movement in the Tending departments of the Back of Kentacky and branches, on the lst of Jan., 1854, compared with that of Jan., 1850 :— Bayxk ov Kgxtvcky axp Brancies Jan ,1860. Jan., 1854. Capital........+.. + 83,70 000 Loans end Discounts 6,476,611 3 1,165 906 1 067,582 2716 306 ©8109. 687 1,198,720 783,321 According to this, the bank and branches are not in wach a strong position now as they were four years since ‘With a larger circulation,the amount of specie on hand ts Jess; and with the same capital the loans show aa in ‘@rease of nearly a million of doliars. This comparative statement goes to confirm the report we have so repeat edly made, that notwithstanding the large arrivals remi- monthly of gold from California, and the increase of gold fm the currency, the banks getno more of it, and in many instances have lees in hand than previous to this great influx. For the week ending the 2ist of January only 1,650 ‘tors of coal were shipped from the Cumberland coal re gon, vir.:—794 from the Frostburg region, over the Cum- Deriand Coal and Iron Company's railrosd, and 856 from the Westernport region, ever the Baltimore and Ohio rail road—total for the year, 11,855 tone, In consequence of the strike there will be a falling off this month of at least 90,000 tens. The Legislature of South Carolina, in the re-charter of wandry banks, has inserted the following olause in their eharters:— ‘That the said bank sball, from aod after the first dey et February next, be sndject to the provisions of the act entitled “An act to provide against the suspension of geet yments by the banks ot this State,” ratified on eighteenth day ef December, 1840; and if the said ‘Bank shall not, from and after the firet day of Feoruary mext, conform to the provisicns of the sad act, then the got shall be null and void, and of no more force or effect than if the same had not besr pasred. The act of 1840 requices monthly returns to be made to ‘the Comp ‘roller General. The annexed official statements exhitit the average @endition of the four lesding departments of the various benks in this city, at the close of the first four weeks ia Jemuary. These returns gire tho average am unt for the ‘week, and not the actual condition ou the moraing of the Gay the reports are dated :— New Yor« dow her ee 908 Jan. 23 $4,064,193 81,508,008 P 619,195 >, 441 2,768,748 3,47 2948 219 | 1,216,086 1,205 782 » 1,666,432 - 868, 1,741'800 9)418,789 ‘Ascoci vivm. 1;220'448 ta’ & Traders’. ‘517,950 Mercantile 073 apaeeeas 3858 BR Bi 36 a3s8 sseteeas en2ez? ne ¥ 2 Deposits, irae caer shea Ones ma te 3,308 220 600 a1 Sor. York, 260 Sassors Lage 19 “ the Union..... Sih os 240.481 284,’ “the Republio.. 1,704.817 1,663,908 1,766,982 982 644 8 New York Dry Dock... Now York Exchange... 78,836 Shoe and Leather..... 408,697 402 974 St. Nichole . 476,081 804,662 Soffolic. .. . 74,112 74.801 Tracesmen’s, 995 656 694 Union... + 1,807,436 1853,284 = 2,023 405 Totals... ese. +++ 668,806,056 $50,071,262 $68 200,577 Circulation, American Exchang. $303,225 $819,241 $313,298 Atiantio . 99 549 08 97,577 Americas, 140,989 134,020 Bank of Commerce .... nd Commonwealth New Yorks... “North America “ State of N. York the Union... the Republic 28565 Butehers’ and Drovers’ Oentral....ceere Chatham, Y. Knickerbocker, . Leather Manufacturers’ Manbattan..... Species American Exchange... $823,758 $012. 458 Atlantic. 39,200 40,661 122 963 706,004 120,120 446 878 74,886 b7L.081 35 625 220,197 821,982 61,158 40554 126 108-104, 160 Putchere’ 152 911 135, Certrel, 24,752 Chaibam, 84'953, Chemical, 326 613 812,837 294 054 Citizens’ 44489 54 304 65, 954 ity. 199.313 = 223,778 196 283 Contiventa 201.198 ‘213,067 197,208 Core Exchange ..... $8 806 69,360 76.6 Kast River... 60,046 60,600 ," Fighth Aveaue 9 Em pire City Falton.. Greenwich Grocers’, North River. New York Dry York Exc! 11946 58,608 483/291 Total.............-811,704,468 $11,455,156 $11,117,058 The condition of the principal departments of the How York city banks, at the elose of esch week within the last six months, compares es follows — Ew Yorx Cery Banxs. 2000. ‘21. 906 620 666 $60,018,171 bpm ibe $12,174,501 07,809,611 60,416,756 9,616,465 9,746,487 18 9,461,945 10,654,618 9,424,786 11,202,651 11,819,047 11268,068 11,38e\603 11,880,236 11,840,926 11,281,012 10,266,602 Dee 24, 766, Deo. 81... 90,116,549 Jam, 7 '64 90,183,887 * In each department, except circulations, there has been & decrease in the aggregate movement. This is somewhat different to what we usually experience at thie season of the year; but the variation is too limited to have bees felt im financiel or commercial cirsies. The decrease io loans hag been $300,273; im deposite, $831,675; in specie. $387 196. The cireulation has incereased in the same time$s7,442. Wo should feel the effect of sash a con- traction before it had continued many weeks at this rate, but we believe the movement only temporary. It is more than four weeks eince we reported th® line of discounts below ninety millions. The esutiousnets exhibited on the part of cur banking imstitations, in extending their operations, isa favorable feature—one which we hope wiil not soon disappear. The present movement is sufficieat to keep the money market easy, showing « redaction of Mabilities om the part of the community generally, of very impertant character. A few months since, with ao expansion om the part of the banks at least tes per cent gteater than that of the present moment, there ware serious scaréity of money, and the demand could with the greatest difficulty be met, Now the market is per footly easy, the rates of faterest rule in the neighbor cod of the legal standard, and business paper is far from being plesty in the street. The banks discount Brge per oo of the quantity oMered, and it ls a log time cimes we have hed such « sound state of things in meney matters as at the present. ‘The aggregate valine of the imperts of the fore/ca gene- ral merehandise at the port of Boston, during the last year, vas nearly torty-three and o half millions of dol- lars. We subjois a few of ‘the items from an official source, vis. :—Cloths and cassimeres, $1,096,078 ; coffee, $800,754; teas, $899,110; printed or colored cottons, 91,180,180; other manufactures of cotton, $1,409,050, of silk, $1,429,662; linens, $671,190; articles of ware 91,901,768 ; India hemp, $910,026; segars, $157,643; guano, $4,236 ; paintings, $3,883 ; India rubber, $70,840 ; sherry wine, $80,206; red do, $24,460; ehampagne, $20,460 ; oranges, $100,316; diamonds, $4465; browa sugar, 92,619,672 ; watches, $471,497 ; books, in English, $197,105; mewspapers, $8,747; brandy, $216,978; giv, $146,917 ; ale and porter, in bottles, $89,849, &o., Xo. The Knoxville Register says that the Rabun Gap and Kroxville aad Kentucky railroads will each reovive libers! State aid from the Tennessee Legislature, now in session, although not exactly in all reepeots in the form desired by the peonliar frien s of the roads. The bill whieh psssed the Senate will undergo some modifications in the House. The sid that will be extended to the Knoxville ani Charleston, (Rabun Gap,) road will amount to $560,000, acd to the Knoxville and Kentucky’ read $600,000. In one event the ald to each may be $100,C00. The strike among the miner@, Cumberland Coal region continues. Efforts to arrange the difli- culties; but so far mo terms ‘deen agreed upon ac- ceptable to both parties. The agents of the different com- panies have agreed to pey thirty eight cents per ton for the rua of the mines; forty cents for galleries and head- inge; and forty-five cents for screened coal. This is a small advance on last year’s prices, Stock Exchange. MoxpaY, Jan. 30, 1864, $50 US 6's ’67.....63 14134 60 N.Y.Cem.RR..opg 107% 100 Ind 234 ger comt 593¢ 130 dy bs 105 1000 Krie Ine Hoods. 98 100 £000 Erie Bs '83..b8 9434 9 6000 Ii “en RR Bia, 86% * 6 N.Hav. & 37 1000 1 Cex RR 3s priv 89 do......... 89 2000 NY Cen Bio,,, 10 Clavel d & vol BR Og “bebe Phenix Ke 200 Nor.&Wor.RB 510 55% ts Del & Budi 50 Mica. Cen RR... 93 0 a 1ce do, 10 Hanover 82 Bek NAmerics 100 Cam'on Vo " ZAwe Oo 616 Nicarag Tr Cs, iB 200 a 130 200 260 100 bo 200 Long (lead RR..o 100 10 Stonington RR. 100 Cumb Coal 100 Readicg RR 60 60. Had River BR. v8 100 100 100 60 i 450 50 dott. a8 684 69 do. QONYA&NARR0B 99 450 Park, V. Co x 80 40...406810 99% 100 do... .s.. 684 108 Mich Southern RR 16 6 Panama RR....b3 90 SECOND BOARD. $1000 NY Cen Bés.b8 91% 60 ubs Erle RR 11 5000 Panama RR Bds 100 100 1m 40 abs Hewover Bik.. 903% 50 11% 2u Be ot N America, 100” 50 4 11% 10 Del & Hud Ci Co.e a 11% 250 Canton Co 6835 250 do. 63% 16 Parker Vi 6835 100 Flor & Key 6835 a 68% 60 do. 63% 1200 Gola Hi 69 £00 Caledonian Mir 69 160 N Carolina Cop, 8% 100 69 0 Penna Coal Co .. 169% 160 i 69 bid 100 ao. 60 69 100 N ¥ Cen RR. 660 108 20 St nington RR. 65 50 Mich Cen RR.,.b8 100 200 Reading aR..,.08 71% Mines and Mining. Monpay, Jan. 30—6 P, M. ‘The tone ef the market this afternoon was decidedly Detter. Im almost every stock higher rates were offered or obtained, The sales, however, were not very large. Phoenix is stationary at 800.; Conrad has moved to 650.; Ulster sells at 1%, Among the other miniog shares, Parker Vein is in demand at 65; Lebigh Zincat 2% North Carolina at 83{; Hiwassee at 374; Toltec at 12; Douglas Houghton at 434; Wimthrop at 2}<; National at 29; Fulton at 15s; Mixerai and Deep River each st %; Gold Hill at 834, and Algomah at 3%. At the Stock Ex- change this morning 2,000 Lehigh Zins changed haods at 23, end thie afternooa 1,200 Guid Hill sold at 344. The Chiff Copper Compary bas declerea apother divi- dend of $10 per enare. @ whole amount paid in way $19 per ebare and this last dividend makes a total of $59 now earned by each share. We unders‘and that the Bon ver Mining Comp: ny of Lake Superior yesterday perfeated their orgaeisation under the general taw of New York —the Tennessee cbetter, unéer shich the compauy had hitberte been working, being found unsatix‘actory. MINING BOARD. «80 60 wuares Ripley... 4% 436 500 do Ulster,. 60 1 06 ©6100 do Comras..., 60 700 hares Peeaix., 80 do algoman, 50 do Conrad. Weekly Report of the New York Cotton Brokers’ Asscciation, Sales during the past week, 8,482 bales, viz :—Rxport, 8,940 bales ; home use, £,826 ; rpeculation, 991; in traa rita, 326, The Board acoepied the resignationof F L Taleott, Seq , as president and member, and ussnimously conferred the office of Presidemt upom Charles Keston, esurer; they also voted that the mar het throughout the week had been irregaia:, and ciosed qith a dall feelirg, ae quotations are mosily retained Prices adopted ihis Cay for the following qualides by atandard samles:— NEW YORK CLASSIFICATION. Uplands. Florida, Mobile, N.O. dé Ps 17 1% 8 8% 10 10% 10% 10% ny 11 nx lx 18% CITY TRADE REPORT. Moxpay, Jan. 30—6 P, M, AsuEs.—Small lots were bought at $6 25 for pear! SRS TE ona sone et oh ¥F8 —! ‘was unsettled di the day, but closed dull and heavy, in the absenoe of the Ama’s dews. The transsctions smounted to 12,500 bbls.: ord: wb choles eee it $9 a $0 18%; mixed to fancy Wertern, at $9 12% o 873¢; and other grades at bs eno figures, We hesra that 2,600 bbls. super nadia, im bond, were recently obtained at $9. Fae day’s move- meats in Scuthern reached 2,300 dbls., at $9 a $0 371 for mixed to straight, cbiefly, however, at $9 12% = 99 25; $9 373 @ 99 50 for favorite, and $9 60a 610 26 for fancy, per bbl. About 150 bbls. dne rye f.ur realized $6 123 per bbl. Sone 300 bbls. Jersey corm meel found buyers at $4 75. or thereabouts, per bbl. Wheat varied little, ales of 4,000 busnels rye transpired at $1 80, deliverad. State and Western oats were more sought after at Sto. a 870. per bi corn consisted of 26,000 bushels, CATTLE. There were offered at Allertoa’ Drove Yard, w-day, 2,008 beef cattie; dust bib. tag the retures {or the Beef Cat‘te Hudson River Railroad 50 Kentnty, on cars..... 300 Erie Railroad. 900 N. York State,on foot, 72 Harlem Railroed gop on cars, 776 Pennsylvania, on f. Virginia, on foot Erie Ra'Ireat—hogs.. Harlem RR—ovs and @alver.......2...... 17 Hudson River-—bi A good busiueas tas been done during the week, at prices abcut the name as those quoted ia our last report say from 8s. to 10c. per 1>. Cows aud eslven sold at from $50 to $60; veal calves from 45 to 7 ; sheep 62 50 to $12; nwine. bo. to 5igo, 250 cattle left over. At mar ket, at Browning’s, 84 cows and calves, and 8,472 sheep Prices of the rormer $25 to $45, an in quality. Sheep drorght trom $2 50 to $6; and lambs from $2 to 95; extras, to $8 A lotof extra cows calves brought $60. sbout 20 left over unseld. "At Chabon, Istn’e— (Hudson River Bul:’s Head)— 325 30 cows and veal calves and 3,100 5! lom>a. Beeves ro dat from $7 60 to $10, ania qu cows and calves from $25 to $60; veal calves, 60. a 7e.; sheep and 60 A ine lot of sheep from Backs coun- 1, (228 im all, ) sold at $6 75. At O’Brien’s ven Bac 40 cows and calves, 50 to $9; at from $26 to $60 per head. 9%; cad ot tho natey Cows and Calees. 178 Be 80 40 = 382 7,438 297 eeu Inc., 36 Tne.. a ‘. - a a Lae balers ae for 119; to arrive 608. Mark: tale” — vs, te 10 Liverpool were light, ae shippers were di to await ir foreign Ati, About 1,600 bbls. flour were Mt ae, oad some lots of qrain were taken at 133¢1 » 141,, in bulk and begs. Cotton wea at 34. 011-824. To Havre, rates were 60 : cotton, at Ke., and rice $12. To Londons, 260 bbls. beef were ¢ at 7a. varied from 6¢ » 660. per foot measurement. A vessel - with lumber for Montevideo, at $80 per M. fest. Favrr.— Some 200 boxes wet-dried bunch raisins brought $3. Pay was in request for shipment, at 87340, 0 90s. per - r gallon; but there were sales reported bo.'n 60. cash. Pork was in still $1 new prime, amd $1225 for old hogs commanded, in lota 60. (140. per There were 125 pkg*. piosled shoulders aud hame taken at 6¢. # 630, and 83,0. a 8%0. per Ib. Asmall parcel of city smoked hams was sold at 123<c per lb. The operations in lard ocnsisted of 200 bbis. good to prime, at 10344, @ 103¢6. per Ib, Subsequently an aivance was claimed. Beef did not vary much. The day’s rales 400 bbls. at previous quotations, Beef hams, butter and cheese remaiced about the same. LS ee tale ot 14,000 Ibs. Java was rumored at 45¢0. per Ib. ics —Sales were made of 525 tieroes good to prime, at ‘$4 60 a $4 75 per 100 Ibs. = seme 200 boxes castile changed hands, at lic. per ‘Svaase.—The dey’s transactions amounted to 60 hhde. Cuba, at fo.; 100 do. Texes, for refining, at 8340. @ 40.; and 100 boxes brown TY 530. per Ib. TaLLow --There have been 10,000 lbs, prime disposed of today, at 123¢0. per | Wuisxay.~-Seles were made of 150 bbls. Prison, at 34 a 850 ; anc 30 bhés, dradge, at 35c. per gallon. ey The Central Park. A meeting was held before the Oom nittes of the Board of Councilmen on Lands and Places last evening relative to the proposed Central park. The committee was som- posedo! Messis. Mather, chairman, Varian, Heusted, and Donahue. The Cuarnman read « petition from several tax payers, which set forth that the boundaries of said park, ex cluding therefrom the grounds devoted to public pur- poses, will enclose an area of about seven hanired and Afty acres, constituting one eighth of the present vacant ‘and unproductive ground on the island of New York, and ‘being of an aggregate value of many millions of dollars; that this enormous sum must be paid for wners of t} to be benefitted by the iatended . The'pet leuenexneend themselves opposed to toe peo) it. aT Geer submitted plan curtailing the proposed ke. ass Riogarp E. Mount said he was oppcsed to the whole thing, thongh he would not object to = park of moderate ze, He did not think that the city of New York, sur- rounded as it was by open rivers, required any park to E& the people fresh air; be did not consider it of any eft to t mass of the people, and the wealthy, who kept their horses and carriages, could always go be- youd these distances for air and exercise. e thing Ought to be well considered. Lots of there are worth $1,000, and the project should be well considered before the park was established. He had a thousand ob- jections to offer, but he did not think it necesrary to 00- cupy the time of the meeting. i. Rows was in f..vor of cutting the park off. He pro posed|to run it trom Seventy second street to Ninety: nix: or 106th if they pleased, taking four hundred feet off eas of the Eighth avenue, and four hundred feet off west of Fifth avenue. His view of the project was, not to «me below Seveniy second street, and be submitied a plan of the bounda: ies #bich hs proposed, for the consideration of the committee. It would bx a great herdship if these avenues avd streets were to be shut vp, as pariies would have rome two or three miles 1069 round. Me. TILLY ALLEN believed that if the park was attempted ‘to be made according to the presext plan no one would be pleaced. It would cost irom thirty to fifty millivas sre, aud he considered that it sould never be car- ried out. If they could haves park of moderate size, say four hundred and fifty acres, every one would be salisfied; it would be as lerge as tue interests of tue city |, and he boped there w.uld be a uoanimous sea: timent in asking the committees to reduce ihe dimensions. ANOTHER GENTLEMEN seid would wish to have it cut ci at each end, New York had a refre.h ing stream all round it, and if you teke away too much of the island @ inbabitanty will have to cross the river to reside the:e. He had not met one man that wanted the paik as large sa it is pro- ge to make it. There was Jones’ park, too, which no- 1y wanted; it ought to be abolished altogether. To show the cost of the Central park,he referred to the fact, that at the sais of the Amory estate, @ lot on the corner of Seventy stxth street anc Fifth avenue brought $2,740 pearly two years axo. Mr. Buus Skipwore didn’t see what they wacted with apakatall, Hetad nef 2G one word of argument io favor of it. Mr. Mount thou, ht that all thoavenues should ve open, +o that every person conld ride oa thera whea they chose, ard po park should inclade any of the avenues. wot see the uvhty of euch» park, through ore might not be o! jest It sppeared ts him to ba very preposterous. He could go there now and enjoy this perk an well ax ve sould alter psylog co: for six or seven Joa? Mr. ALLEN the committee were entitled to the tharks of the sitizens ‘or the, courtery they hed showa a giving an opportunity to property owners to state t*.elr opluiorh Hs views of le:senivg the park were in oon Penance with the viees of the people and the property holders interested; be, therefore, repeated thet this po ke Et ought to be reduced, and very largely re- juced, for if carried out on its present plan fo one would be eatisfied with it, Axorngx Crrizan eaid he would that the limi's ‘avd Elghty-sixth De ciroumscribed tetween Sixty th streets, and from the Eighth to the Fifth avenues. Mr Sxwmonp said that speculators got hoid of the idea, and they determined that they would have the park; there never was a petition from the citizens to the C.m- mon Counoil for this park; it vent ‘o the Legislature and it was passed—and such @ park !—(lsughter,)—upward: of seven hundred acres—oe-eighth of ourcity! “We want s breathing place,”’ says seme ong resectiy come frou Earope; but he jorgot that we bad rivers all around ‘us. Bat we are to have two parks; we are to have Jonse’ ‘Wood Park—and this park. We have now, however, a Common Council who will listen to the citizens of New York— not like the former commutiees, whe insultel the citizens, as he (Mr. 8) well knew, when they came before them. They want this park for a breathing Fi (langhter.) Who will breathe there? The Dboys and their fast horses. He lived withia a mile of the Battery, and he never went to breathe there. (lenghter ) It is said that the Central Park wili cost ome forty millions of duJlars, bat he had heard as much as & hundred millions spoken of ss the coat. Wo may not always be as prosper as we are Dow, and with a hundred millions cost: park, what are we to with cur aity debt, which is already Afteen millions? = ners of Central Pai expense. It sppears bere that no notice what this park is to cost; and yet that al fint consideration. With rivers around us, and air in from them, we want no park. We are not situated hke Losdon or Paris, from their locations. I am pored to the while matter. The cit: do not want perk; it was passed in the Legislature without their knowledge. Anornan Crnizan suggested that the queaticn of lighting aud grading this park was vever tak:m into consideration, ‘and he learned from conversation with many ef the peo. ple that they hsd not been aware that such a0 act had ever passed the ‘ature. His opinion w: Park was an illegitimate child—hadn’ larly. He was in favor of small parks—twenty-five acres —lower down town, and free (« and such luxuries, bat be was opposed to the Central He thought the bet ter plan would be to buy up the Five Points, and make s there, and another at Corlear’s Hook. Ex Akerman James Kxiiy was utterly surprised that any gentiemaa would ocme there and advocate so large a peik. He was not opposed to small pm bat such = as was contemplated by this plan he way oppose to, her meade Fe ay has AD fee 8 park whose southern boundary would go beyond Seventy sixth street, or ite porthern boup: above Eighy-sizth atreet, The ‘Mr. Mather,) inquired if there was any one prevent in fevor of the park as established by law, Mr. DavTow was in fevor of am extensive park. Wha! hie fovetatners bad done for hia he was desirous ef doi: for bis cbildreo. He wae willing to out off the lower and extend it from Seventy third street to 110¢h otreet. did not delieve toat i) was going to injare the irty by wot grading the are: ues through it; om the Eurepe was @ very good oce, aad he could not »; aueering!y of him, whoever he was for at New ¥ *bovid have s square ora such as they have ta London, ia A Cian rebiding not fousd the firrt that as many persons were ‘The Caareman said, pe that said, a it wae neces as tu thon ba had they woud adjourn to Phare ero City Intelligence. ENCROACKMESTS On THE HARSOR—ExawiNaTiON BY THR Stare Commrrrma.—The Lagi lature of the State having duly Se rece i commitiee to examine into and upon the condition of the harbor of New York, several ef the members of it have arrived at the Astor House and 08 ted empire, seme ‘may be paid to this oul the first scene of the farce was played out at Tabiti, thore who took thi ble to think ¢ trou! upon the matter, regarded it as one of « ceries of move meats beving for their ebject the frm establishment of French power ix Polynevia. But whoever gave ex; ‘to euch an was generally laughed at for painr. The oecupat of » single island was thought too trifling @ matter to require notice, much les to excite any sp- prehension of movements more palpably aggressive. Ex- copt bya ead pons fadivid therefore, the — treashery, ond faithlesasess which characterized Revie of those who represented the ‘ grand natioa.”” itish faith had indeed been to seoure the in- cependence of Tabitt ; bat cowardly poliey which Sppears, of late years, to have been werning prin- elple of ‘he Britian —- rendered pth ons, it would seem, a total Cimregaré of these pledges. The Tahitians themecives evinced uomistakeably their eense of the brik seg nog ann upon ge thelr bed testo: for, until 1 were nearly mated, they resis ip arms the establishment of Gallic macy. Bui the patriotic efforts of so feeblea race @ powerful and ruthless government were, as might have been es pected, railing, ed the contest ended in the unave entire subjug stion of thefirmer. And pate pie this piece of villainy was mated, The French dominion having been once Soren lished im Tahiti, the subjugation of the neighboring ielands became was effected. the 'protectorate” of Tahiti, the French Jn assuming the *' also, of necessity as it were, assumed the protectorat all lands over which the of that country claim- ed domipien. And this assumption or cl.im they seem to have fully acted upon. without takiog much trouble to inquire into its val Henoe they have not only maie good their in Society but have plant eo themselves im the Austral gro more secently, have taken uncer their dominion He of the Peu- motu or Prari islends, known among maricers as the Dangerous Archipelago—an immense number of low coral islands, containing, it in sald, @ population of aboat ten thousand souls, and raiding: aunually lage quantitie: not only of the pearl oyster, but of cocoanut oil, and other products common to these regiona, ‘The seizure of the Marquesas was a still more impudent proceecing than the occupation of Tahiti, There wae no ee of “protection” when the tricolor was hosted at jukubive, and the sovereiguty of France asserted over the whole group. {tis true that the French mave found vhe Marquesans ssturdy race, uzable to spreciate the of becoming attached, even as tlaves, to the (allio empire. They Lave, ig ap Sane this country, in more vepses than one, ‘too bot hold them.’’ Bat having once obtained @ footing, ‘and having no oppositicn to dread but thas of the quesans themselves, who can doubt that the mubjogation of this group will be a» per- feot as that of the Society Islands, whenever the French may take the trouble to comple e their ecnquest? Im one way and the other, therefore, France has ao- quixed an almost exclusive possession of what may be termed Eastern Polynesia. This, one would have trp ea | would bave been deemed enough. But while Englané an the Ei glith, although possessing most extensive colonies in the vicinity of there islands, bave remained mest un- accountably blind te their imporiance, France and the French sppear to have been awake, and to have un- dertaken fully not only the importance of the island themselves, but the facility with which th» rights of the weak races which possessed them eould be set aside, More than one attempt has been made, on various pro- tences, upon the hberty of the Hawalian or Ssodwich Islands by Frerch sgexts and commanders, but these ef- forts have been foiled by the firmness of the Hawaiisa government. In the northern regions of Polynesia France has conse- quently ss yet cbtained no footing. But failure in the north bas not preveneed them from trying the east; and hence we have the proclamation of French authorily over the ‘Now Caledinsan group, one of the nest and most extensive in Polynesia. Here, as at the Marquesas, ihere has been no pice of protec‘ion, There haa not even, it would seem en any pretence of consulting the native chiefs, ‘heir territory bas bees taken possession of upon no better ttle than that of superior atreng ‘th. Franeo bas only now to get & oting in Tongs, and she will have formed cbain of posta between the British colonies in Australia and New Zealand and the northeso reg! of the Pacific, Even as it is the chsin is pretty complete; but Tonga and its dependencies will make it more so; avd in all probability this Hak will not I be wanting. Recent events in that quarter Lave sfforded a canital excuse for French interference, and it is oaly the com parative insignificance of the group that has saved it so long from being victimised by the same _protectioniss policy as has destroyed the freedom of Tebit If the people of New Caledcnia re-iat this invacioa, as itis very likely they may, we shail have over agsia tue same scenes of tyranny and oruelty as were wi:uessed in ty Tabiti; and aoe the mighty conqarst shall have been achieved, there will be the rame cemoralizing policy as bas been pursued there—a made of destraction not les sure, although more slow and insidieus. But, to make thirgs more comfortable, it is proposed to wake the place s penal se:tiement. No sooner, there- fore, have we ft rid of Biitish comvictism, than we are threatened with French coavictism. Au uclimited col- lie ion of Parisian brigands within a sort and easy voy age from our mo: therm coasts, will teod a@ little tothe reeurity and happiness of the colonia 4 aaa similar sol lection of English outcasts ia Vao Demaa’s Lind. ‘Thie, at Jeast, cught not to be psrmitred, If France must have « penal settlement in the Pacific, let har send her outlaws ‘o sume other part of her Pulyassian domta- one-- o the palm olad ialends of the daugecous Arehipe- iago, or ibe valleye of the Karqaerss group, Auy, bone fide ci tiement upon the New Caledon’ it would be difficult aps, to oppore, for the trade of here telards been chiefly in of the A ‘veliap merchants, we are not sware that there has been apy actual tabing of possession or any official negotations with the natives of the group or that purpose, upom the strecgth of which the cisiw ot France could be resi-ted. aot ve msy and must Gemaod thet France be mot per. ied to exercise the privilege denied to England, of waking tiis colony, incireo ly, the receptacle for her 00a viets, tbere is one ground, iudeed—a fair, manly ao} hosert one—upon which the proceedivgs of the Freseh might be opposed, name'y. that they are in absolute v0 Yation of the rights of the New Caledonian tribes—s ‘ree, although anoivilized people, posseening the inalienable right of deciding as to whether or not they will beoome he subjects of afore gn State. We must cadicly admit, that we have little hope of seeiog this course yy the Britieh governae nt. The effect of these movements upon British, and in rtigelar upon Australien interests, are incsleuladie, ‘t people here, as vell asim Eogland, seem obsttnately blind to the vast resouro’s acd importsnce of the many splendid groups which stad the Pacific Ocean. The at tention of all is #o exclusively oocupied 12 golo grubdbing, woo) g: owing, ana the various other moaey geiting ocsu- psticas of every day life, that there .e-ms neituer tine Bor inclination to look into arything not having an im- wediate bearing upon these pursuits, The most brilliant pene fail to ocmmand attention i! (hey are in fuluro nybody seems surprised at this movement of the Freneo, when, in point of fast, itis oxe which ought to bave been foreseen and guarded sgainst. The feel- ing is saeey .grewsl now, that if New Caledonia is t> be colonised ot it ought to have beea s colony of Great Britain. A little—s very little—exertion some time since would have made it so. Whatever may be the fesiings of the native ‘tribes towards the Freneh, there can be no doubt that they would readily have ceded the sorereigaty wf the group to the Br 'ish, ani steps ought to have beea taken to have obtained this seesion, if for no other pur- pore thap to have raved us from @ squebble with France about the projected formation of « penal settlement ia the vicinity of the gold countries of Australia. Bat in hese matters the time which sheuld be passed ia action is wasted im inquiries, projects, soceanearones and such like ahilly shailying. This sort of thing mearly loet us New Zealand. It hae lost us New Taledonla. Great as is the evil, it is not wholly past cure. Daniel O’Cennell and John Mitchel. Naw York, January 20, 1854, Jamas Gornpon Brorr, Esq.— y ‘m—An article in your paper of December 9, has drawn forth a few observations frem s member of the O'Connell family, It has been transmitted to me from Ireland, Tenclose it. From your admitted fairness in giving both sides of & question, I am induced to hope for its insertion im your paper. ~ ** In an article published ia the New York Hanatp ef the 9th of December, (and highly laudatory of John Mitchel, while flercely attacking the English aristocracy,) it sas sumed that O’Conrell could never endure republicanism, end was always opposed to any alliance with the English democrats, This isan error. It will be remembered by thcse who were familiar with the great Irish orator’s public speeches, that it was a favorite theory of his, frequently brought forward, that democracy was highly favorabdl, both to religion and liberty, and thats democratic re- public, well administered, was the perfection of govern ment. He was also so far from opposieg alliance with the English democrats, that for years previously to the emaa- eipation of the Catholics he was bitterly reproached for his strong leaning towards the radicals of Kogland, and it was even asterted that he had damaged jthe Catholic cause by it. He was, however, an eminently practical map, He sew (and surely the events of the last few years preve that be was right) that it was impossible for Ire- noble q the American revoluticn was deep, and toa mau of his poetic temperament it wee @ sonros of no trifling graiid- cation that was born inthe first year of the - American de- amie ‘Une sigaat irea, ‘of his study, aud « member gaged in preparicg for the edence, (a work of which high has often bem heard Peis out to her with pride, the name of an Iriexman— Flee Carroll. of Carrollton—emeng its signatares with Americans. (Connell Osoasiea, angry differences, on both private end nue proenaa dtr among bis most cherished noe most es in hie ple who had #0 eably tion of their whea forced strane : "3 OPBNING SPBECH OF SENATOR BOD@LAR IS THE SH\ATE, ; ONSLIGHT UPON THE ABOLITIONST:, THE REPLY OF SENATOR CHASB. THE GREAT COMPROMISE GATHERING IN THE METROPOLIS. Meeting of the Opponents of Douglas Bill, The Arguments Against the Bill as Expressed Last Evening in the Tabernacle, ~ Speeches of James W. Gerard, Robert Emmet, and Others, RESOLUTIONS AND LETTERS, &e., &e., de, THE QUESTION IN CONGRESS, Opening Speech of Judge Douglas in the Senate. ‘ Whon the United States S:nate proceeded tothe con sideration cf the Nebraska-Kansas Territorial bill yester sy, Mr. Dovcras, (dem.) of Illinois, rose and spoke ag * follows :— When I proposed, om Tuesday last, to take up thie bill for consideration, I announced my purpose to o¢- cupy tem or fifteen minutes in explanation of its provi, aicns. It was my object only to call the attention of the Senate to two points:—First, in regard to so much of the Dillas related to the Indians; and, secondly, to that portion relating to the slavery question. I have endeavored, im framing the provisions of the bill, to obviate all the ob- jections which tad been urged on former occasions ta bills for the organization of Nebraska Territory, on the ground that they affected or impaired the rights of the Indians. As now presented, this bill is free from any ~* possible objection on that score, for it declares thet its provisions shall have no effect upon the Indians, nor shall they even be incladed within the limits of the two Terri- tories— Nebraska and Kansas— until they shall have agreed to be incorporated withio their limits by treaties here after to be made with the United States. If, therefore, the Indians’are unwilling t> come within the Mmits of the ter. riteries, or to remder themselves subject to the provisions of the bill; they have only to wit! thelr assent, and 4. can have no operation upon their rights or their lasds. This view of the oase entirely sets at rest that objection, 80 far as it was supposed that we were about to infringe upon the rights or invade the territory of the Indians, In regard to the slavery question, it was the object of ‘he Committee om Texritories, as stated in the report which was submiited to the Senate some weeks ego, to make the bill conform in all respects to the principles es- tablished by the compromise. measures of 1850, The original substitute reported by the Committees, for the Dill as introduced by the Senatcr from lows, (ir. Dotge,) was believed to have been framed in ex- sot accordance with these principles, The one now under consiceration, which is only a slight amend- ment of the former one, accomplishes the same effect, but in language tlightly different. The reason for with- drawing the first substitute and offering the one now be- fore us was simply this: The firat was deemed to be equi- vocal upon one point—ant deemed so by the Oommittse, bat sy the newspaper press—for in one section of the country it was construed ac repealing the Missouri Com- promige, while in anotter section a different constraction was given toit. Being uowilling to occupy an equivocal position upon & question of this magnitade, the Commit- e¢ thought it due to themselves, to the oountry, an! 0 he occastcn, to make a2 amendment, in which they ould say precisely what they did mena, in order ta void all misapprehension. The Committes hasard no thing iovaying that the bill, as now prevented and com- mended to the favorable action of the Senate, does no- thirg mcre nor lees on this point than carry into practi. 81 effect the principles of the compromise measures 0 18t0, This is about all it was my intention to have said im the- Opening fof this discussion, reserving to mynelf the privi- lege of answering in my concluding speech such objections. oa. in the course of the debate, should be urged to the Dill. But within the Jast two or three days, aad since tke postporement of action upon this subject, a fact has \ i) transpired which makes it my duty to go more fully into ®- the discursion. On the day when he proposed to say this the Senator from Ohio and the Sena ‘or from Massachusetts asked that it be postponed till this day, to give them time to exa- mine it. Be had yielded to this request as a matter of courtesy to them. Li:tle, however, cid he then know that at that time they had prepared an address to the American people, ebarging upon this bill a want of faith im solemn compacts, and charging him per- sonally with ooncerting with an airocious and applying to him epithcts which could not be used in intercourse betweem gentlemen. In the Na- tional Era, the abolition organ published in this city, these two Senators pubiished the address, signed by themselves and their abolition coafederater, in which they misrepresented the members of the Committee, fal- sified the Dill iteelf, and in @ postoript to it he was refer- red to by name, and coarse epithets applied to him, Had he known any of this conduct on their part, when they asked om Tuesday last to postpone tho bill om the ground of courtesy to them, he would have replied to their re- quest im a manner which their gross conduct deserved. He read a portionof the address, in which the bill is styled ‘a “gross violation of plighted faith,” “eriminal betrayal,’* “atrocious plot,” &e., and then read the memes of Messrs. Sumner and Chase, of the Senate, Wade and Giddings, of Ohio, Smith, of New York, and Da Witt, of Mass., of the Heute, and said these names included the whole abslition party in Congress. This address was directed and appeal- ed to the Legislature, public meetings, and ministers of the gospel, to rise up and crush this measure, intended to cover up® meditated wrong. It bore date Samday, Janvary 22, It appeared, then, that om the holy Sabbath Gay, when all other Senalocs were in attendance at divine worship, these abolition confederates of the two houses Of Congress met together in secret oxucus to prepare this atdrees to be sect forth to the people of the United Stater, sppealicg to them in the name of Tee Ugion to resist this measure, to draw down exe. eration and denunciatin upon the heads of fellow- Senators who had prepsred the bill. Their efforts had not stopped here. The address appeared in the New York ‘Tmes, wherein it was apnerted that it was signed by @ majority of the Obio delegation, componed both of whige and democrats, “These confederates had heard that reso- lations were pending in the Legislature Of thet State on the subject, and it was giv-m forth that the delegation from that State in Congress, of both parties, had signed this address, im order that men bers of that Legislature who wore a little tender footed im this subject would fol- Jow the lead sugges ed by their Congressional friends, and ‘set upon these resolutions » The address had not, Itappeared now, those signatures, and he had reascw. to believe that the statement, that it had.ever been Hgned by 0 majeety of that delagation, to be wilfully Mr, Cuase, (free soil) of Obio, Mr. President——— Mr. DovGtas—I do mot yield the loon Mr, Ciussp—1 desire to say —— ‘The Cusim—Does the Senator from Tlizois yield ther floor? Mr. DovatsseI do mot. The Senator, who has takes: advantage of a courtesy extended to him by me to. violate all the rules of propriety and fairness—whe has come to me with @ smile on his face, and with all thes p- magpha revenge nehe Meter dd country a of this filled with misrepresen tation cub: magtenepenaiaee motires, hes wo right to’expect any courtesy at my hands. He then repeated his dvelaration as to the object of the addrera, to influence the setion of the Ohio Legislatare by creating the belief that it had been signed by the de- legatlou from that Siate, ‘ i. (asso deny the foot, ba DoveLss— I refuse to yield the foor. If the Senator does interpcan 0 denis] of the taet, I wil) undertake to