The New York Herald Newspaper, July 21, 1854, Page 4

NEW * fORK HERALD. JABB SF GouDoN BENNETT, : PROPRIETOR AND KDITOR. MEE N. y, commun OF TAMAU AND FULTON B78. fi netrietete BAT TEES cone ver pec quae. He? csr eons Lt 4 a a le Destage we 4; U ‘anonymous communipations. We 69 ONDENC! = os sore Sk Pa L ane ce en lll gpg ‘TO omAL ALy : ae Byala ov the postage oa Me Zaductid pros | executed with neater, cheapnem, end BSF ae rare MENTE rencoed every do. AMUSEMENTS THIS EVENING. @ADPLE GARDEN—Loviss Mitr xn. BOWZRY THEATER, Bowery — Binn's Paoones— | Wawan Lownon—Daresu at Ses. WIBLO'S—Garavinve—Baovi. AMERI ‘SEUM.--Afternoos. Away wirn MaLan. rer nvesing. Tue Corsican BROTHERS QMEIStY's AMERICAN OPERA HOU! 472 Broad- {eup. -Erworian Buvopiss sy Canwry’s pe RR WOOD'S MINSTREL ata, Se peeeheny-Remeras ‘Wmerarisr anv Buniasque be IEY’S OPERA HOUSE, 539 Broadway.—Brox ian Orsna Trove, WRANOCONI'E AIPPODROM k~Manvison Squanr —— sss } New Werk, Friday, July 21, 1854. ‘Te the Public. ‘She New Youu Hmnary has now the largest circelation ‘@ any daily journal in Farope or America. ‘Mhe Daily Hunarp circulates nearly sixty Mousand. ‘Wheots per day. ‘Bho Weekly etitons—pul Saturday ane Bun- @ag—reach 6 circulation of nearly seventy thousand sheet» par week. ‘Tho aggregate issue of the Hm establishment { @heut four hundred thousand sheets per woek, or over ‘@wenly milkons of sheets per angum, Notice to our Subscribers. 1,500 @ 2,000 bales, closing steady at fu} prices. ‘The adviees from the interior, while admitting the prospects of large crops of grain, speak of their | being uvusually backward. It was +taed that no | great receipta of four and grain could come into | ‘the market before about the ist of September next, or last week of August. ' THS CTEAMSHIP FRANELIN. The latest accounts from the so ne 0° the disse | ter state that the ship remains inthe sam position | | as previously noticed. It is the opinion of those | competent to form a judgment on the subject that | | she will not be got off. A large portion of the | cargo hasbeen landed on the beach, and should the | weather hold good the balance may be got out, but | in a damaged state, Al! the passengers and crew, | | with the exception of two or three of the latter, | have reached the city. } vR® WEATHER AND THE ERAT. Yesterday was another scorcher. At 6 o’ciock A.M., the thermometer at the Hxraxp office stood at 8) degrees, 89 #3 12 o’clock M., 95 at 3 o'clock P.M., and 94 at 6 o'clock. There was but very little air stirring during the day. We have not yet this sammer had twenty-four hoars in which the heat ‘was more oppressive. Fine weather for the cholera a Uotten was'active; rales net having bevn [eas than | functions to-enter into the unlimited field of shaving and brokerage with the usurers of Wall street, it isin af ir wey to become a public nuicance. It is wel known that our merghante, with their, usnal vouchers, have, of late, often failed of recnring a loan from a bank, of a few thous nd dollars, when a Wall street ‘broker bas stepped in ang obtaimed without dificulty an accommodation to the extent of one or two bundred thousand vgen such colla- teral securities as New Haven, Harlem, Ver- mont Centr.) and other :tocks. Themerchant, thus driven to the broker for relief, secures it at the | awn~hop at the easy rate of some two per cent per month. This §s net, inmost cases, however, a: agrecable as the banking interest of seven per cent per anmum, and is only sub- mitted to from urgentnecessity. The inference cannot be avoited that the bank is in collusion with the broker, and thit the spoils of the usurious interest extorted by the latter are divided between them. This system of modern banking may be ex- ceedin, ly profitable to the institutions and brokers cencerned, for the time ; but when the andthe watering places. YO THE EDITOR OF WHR MERALO. Another heated term has been reached in this July, notwithstanding the icebergs are 0 abundant on the Gegrees; Wednesday, 19th, from 9 A.M, to OP. M., | ranged from 88 to 98 degrees; Thursday, at 9A. ML, 91, 3,P. M., 98, and at 6 P. M. degrees; in the sun’s rays at 1 P. M. 120 degrees. The temperature inside of dwellings is yet during this heated term much cooler than the open air in the rhede. BE. MORRIAM, Brooklyn Heights, July 20, 1854. Our telegraphic despatches from the south, east, and west, all agree that yesterday was the hottest day of the season. On reference to the range of surprised, after the experience of yesterday, to find that New York waa comparatively} coo! and mercantile community are in a tight pinch, and Wall street is under @ stampede, it isa system admirably adapted to break down the coean, Tuesday, 18th, at Zand SP. M, temperature 90 | merchant, and to involve all other departments of business and financiering, bankers and brokers included, in the general wreck. This repre- hensible practice of sending the merchant to the broker to be accommodated with the paper of the bank upon usury, may be pursued froma spirit of avarice ; but its origin is doubtless the fear of the merchant and of the notes of his country dealers. The merchant may be, and the thermometer at thia ana other points, we are | We apprehend will prove to be, in some cases, insolvent, before the debts of the last year’s excesses are liquidated, either here or in the interior; but a joint stock system of blood- oumfortable. Wail Street-Tho Merchants—The Brokers | sucking between banks and brokers will only and the Berks—The Babble Collapsing. aggravate the evil. The merchant cannot long Wall street, since the Schuyler accident, has | be at the mercy of the broker without involv- Mie stated to us that some of our up-town carriers @arge more than two cents a copy for the New York Mima. Two cents is the price on any part of this ‘Bandand sudurts; and any carrier charging more, on gatice being left at this office, will be dismissed from our been in a state of fitful and feverish vacillation; up 6 little to-day, dowg again to-morrow; but upon the whole, gradually tending toa collapse, employ. Malls for Burope. EW YORK BERALD—EZDITION FOR EUROFE. ‘She Collins mail steamahip Baltic, Captain Comstoc, wl heave this port to-morrow at 12 o’clock M., for Liv- ‘The European mails will close in thie city at half-past ‘Sem e’alock in the morning. ‘Zhe Wauary Hunaip, (printed in French and English,) ER bo published at half-past nine o'clock in the Waern'ng. Bingle copies in wrappers, sixpence, Babsoriptions and advertisements for any edition of the Mee Youu Hruiw will be received at the following places fm Burope:— . ‘Baeyenroot.. John Hunter, No. 2 Paradise street. Ekewos. » Fantford & Oo., Ne. 17 Cornhill. Wm. Thomas & Co., No. 19 Catherine street. Pom... Wells & Co., 8 Place de la Bourse, The News. PROM WASHINGTON. An the Senate yesterday all other business was peweed over in order to dispose of the Homestead Bill. The debate was renewed and kept up with reat spirit. Amendment after amendment wes Offered, discussed and rejected, until it became very evident that the bill, as it came from the Honse gould not command success. At length Mr. Hunter aMered a substitute, extending pre-emption rights to fands to actual settlers, the same to be paid for at yrices graduated from one dollar and twenty-five genta to twenty-five cents per acre; also allowing ‘the States in which the lands lie totake it at the gtaduated prices for the purposes of internal im Prevement, when sanctioned by legislative enact- ment of said States. Mr. Cass immediately ac. wepted the substitute. An amendment, offering Band to settlers in California at one dolar per acre, ‘was agreed to, as was also 8 proposition that the price for Jand which had been thirty years in market be fixed at twelve and a half cents opposition sppealed for ap p@ acre. the adjournment, in consequence of ther and the cholere; Imexorable—-they were the hot waa determined to the Monse agree to the amendments, with the min‘ mam price of land at twenty-five cents per acre, we ahah probably witness a tremendons flood of emi gration pouring into the new States of the West. ‘The only feature of importance in the proceedings of the House yesterday was the passage of the Army Appropriation bill, by:a vote of ninety-ihceo su- perintendence of the national arwories to civilians % sixty-two. The amendment to restore t ‘was adopted by a large majority. A mass 0: cor: of the late Commissioner to China, Hamphrey Marshall, with the State Dopartmea! ‘yas laid before the House, but as onr readers have Deen infermed through our columns of the subjects of which these documents treat, they are now of Bo interest. THE NEW NORTHERN PARTY. FoLowing close apon the Vermont conventions of men of every shade of opinion, that ended in the adoption of a new platform and a new party des'g- oD of a cectional party, on the basis of opposition to the constitutional righte of the people of one sec” tion of the conntry, yesterday the Massachusete Anti-Nebraska State Convention assembled at Worcester. The telegraphic report informs us mation, Laving for an object and end the form that it wae largely attended by mon of abades of parties from every part of the Stato; i we do not find among the names of por- Bons taking part in the proceedings those that Bavo hitherto been prominent in the politics @f Massachusctte, except certain individuals noto- wlouafor their active and fanatical abolitionism. A Sommittes was appointed to call 2 State Conven- tion, at which nominations for State officers are to De made. The platform—perhaps it is a tempora- ry one, sadjoct to the decision of a State Conven- Mon—is, ie brief, opposition {to slavery in every ahape, ave whero it is pormitted by §: : ‘The name assamed by the Vermonters—“‘Ropubli ran Party” —rras adopted, and a rosolation recom mending the sesembling of 2 Notional Conyentioa, with 6 view to carrying out the object of this now Organization, was agreed to. There were twenty- five bandree persons present, and the moeting ) eid in the open air. PURTAER PROM HAVANA. Onur intelligent correspondents at Havana, whose ecammanications are published to-day, furnish ac- ewmata of matters and things on the island of Cuba @own.to the ith inst. They are well worth an at dentive perusal. THE BUMOPEAN MAIL&e. ‘The steamship Niagara arrived at Soston, from Liverpool, vie_Halifax, at an early hour yesterday morning, and the mails brought by her reached th's elty last evening. The important pointe of the in- Selligence brought by this veseel have already ap- prared, and now we give clsewhere the letters of our correspondents, an account of the Fourth of festival at London, and several other matters thet will be found highly iaterosting. THE MARKET AND THR CHOPS. Inferior up to good State brands of flour advanced yesterday 646. a 12)c. per barrel. Wheat was un- abapged. A cale of 12,000 bushels Canadian was made at $1 73. Indiancorn advanced lc. a 2c. per \ uehel, with free raleo of fair to good sound Wes them mised, as 640. a (Oo. snd 14,000 Daanels oxtra gee abd goog Western mised werg vid at 770. tat the majority wore pass wome sort of a homestead bMl; and the Western men, finding they couki not get whai they wanted, agreed #0 take what they could get. Finally the bill, as amended by the substitute of Mr. Hunter, passed by a vote of thirty-four to thirteen.’ So by this the Bresident is relieved of a world of anxiety, as he eam ne doubt conscientiously sign the bill. Should and to the crisis of generad financial) confusion. Something of this sort appears to be the in- ing the banks and brokers in the consequences, together with all other classes of the commu- nity. % sum up: We regard the great reduction of imports this year, not as a prudent curiail- evitable’ and the only process for cooling and | ment to meet the excesses of last year, but as for bringing down the prevailing mischiefs of purifying the atmosphere of Wall street, and | conclusive that of the last year’s importations a large surplus remains over, and that the sales speculation, overtrading and stock-jobbing | of last year afford neither the cash nor the cre- within reach of remedial agencies. The general decline in stocks, good, bad and neral alarm; and the universal admission that dit for Jarge importations. We must also con- clude that the extravagant expenditures and indifferent, genuine and spurious, betrays the ge- | fashionable flummeries, follies and crimes re- sulting from excessive estimates of the quick notwithstanding the panie and its fluctuations, | returns of last year’s invoices, will fall short money is comparatively abundant and easy on | in many cases. The flutter and the tremor in perfectly safe securities, betrays the fact of a | Wall street from day to day—the Schuyler dis- most extraordinary schedule of stocks, bonds, loans and mortgages, involved in suspicious mystery and distrust. The bulls will convince any man by facts and arguments that the exist- ing panic is absurd—that the danger is actual- ly over—that there is no possibility of an ex- plosion, when the pressure of steam is, ‘by fifty por owt lous than the ascertained strength of the boilers; and but that from the extraordinary and unnecessary CUFtallinest tu -te-retttirg prices of the paper of all corts of corporations, the financial affairs of the country are ina re- laxed condition, unusually sound and elastic. Yet a single growl from a solitary bear is sufficient to silence all the bulls -of Basham. The instinots and presentiments of men are often superior to the shallow sophistries of facts and figures. As in the Schuyler case, the Wall street basis of calculation may be erro- the over-shadowing fact that there has beer a prodigious amount of overtrading throughout the country, is scarcely sufficient to allay the prevailing suspicion and disirust. One or two coveries—the fleecing of the merchant between bankers and brokers—the comparative commer- cial stagnation—the European war—the preva- lenee of the cholera, and the universal suspi- cion that a storm is brewing—all indicate some impending financial revolntias, Uue+ neo 1837. ‘ ‘A carnival is one thing, but the bill of ex- penses is another, Having sown a rich har- voobfor shoritty and auctioneers, we must not be surprised, when the ficld is ripening, at the approach of the reapers. A usurious conspi- tracy of banks and brokers can only exist upon the verge of another epoch of explosions, and failures, and swindling bankrupties, and worth- less shiuplasters. Maltish Views on Nebraska. To those who recollect the triumphal pro- gress of Mrs. Stowe through Great Britain, or neous and delusive in meny other cases; and | who.bave read the book in which her reception is so complacently recorded, the articles from Fraser and the Dublin University Magazine which we published yesterday, will have tanght nothing new. That the British people are at Schuylers heve been detected ; dui there may | heart abolitionists to & man is a self-evident be others sheltered behind the most favored ure of some country merchant, having bills unpaid in New York and other Atlantic cities, far beyond his assets. If we are not mistaken, this class of failures will Increase before many last year, beyond the last year’s censamption of goods and the peyments therefor, For the fiscal year ending June 30, 185+, the total of foreign imports into the United States was about $280,000,000, or an increase of nearly sixty millions upon the proceding year. Among our exports were some thirty- ~ | two millions of California gold, or its eqaiva- » | lent in specie; and still'a debt remains to be ’ | paid to Durope on account of the excess of last year’s imports, of perhaps not less than fifty millions of dollars. The European war is driv- ing our trans-Atlantic creditors to call upor us for their money—our importers are calling upon the retailers of the interior, and they upon their customers; but all of them having lived beyond their fits, in the excesses and extrava- gances of 1853, the whole line, by touching the first one, must, from the inflexible law of gravi- tation, snecessively fall ‘like a row of bricks within striking distance of each other. The extravagant importer is cra: in bis efforts to meet his wholesale pure she falls upo the over-sanguiue retailer, and fhe retailer haying sold out upon loose credits, or not h ing sold at all, is borne down by the weight of his New York liabilities, carrying with him the Nettle civele of business operations of which he was the centre. It is urged, ou the other hand, in extenny"’ a of the excessive morus-muiticaulis commere »1 operations of 1853, that they will be provided for in a corresponding reduction in the imports and wholesale aud retail operations of 1854. At- ready, we are informed that the revenues of our customa, for the month of June, ‘54, fall short by over e million and a half of dollars the reeetpte for the same month in 1853, wich i nearly equivalent to a reduction in im- ports of thirty per cent. We may safely as- sume, therefore, that from the imports of 1853 there is a large existing surplus of goods stili and notorious fact. They paid one hundred stocke on ‘Change. Who knows? Now and | millions to abolish slavery and establish pau- then, too, we are beginning to hear of the fa‘l- | perism in its stead in Jamaica alone; pride it- self would preserve them in the faith. Nor is this the first oecasion on which we have roticed the singular coincidence of opinion between the Seward party in this Siate and the organs of months are over, to an extent corresponding | the British aristocracy: On every qneaiou of with the excess of country purchases of the | moment these two bodies seem to think alike. The only difference between them is one of degree. The British writers carefully dis- claim any desire to see the Union dissolved; the Seward men openly proclaim their willing- ness (o accept such a change. Even thisis only an apparent and unreal distinction. Whateyer be the present aspirations of Englishmen, it is obvious that, at heart, the British aristocracy would welcome any event whose morel ten- dency would yo to shake the popular belief in the stability of republics; and thus, though their notion may and undoubtedly: does differ very materially from that of their transatlantic co- adjutors, we must not feel any surprise at dis- covering that the most perfect harmony of action exists between the party on whose be- halt Fraser and the Dublin University speax in the British Empire, and that whieh is led by William H. Seward in this country. Both foes of the present American Union, they natural ly make common cause together, and lator with a wil! for the attainment of a common and. The British writers affect to belicve or really do believe that the anti-slavery agitation «oes not menace the existence of the Union, Herein they present a contrast fo thoir Ameripan al- lies: and whether real or affected, the postition of the forefgner is the soundest in the main. Anti-slavery is not more formidable to us than chartism or Irish repeal are to England. All these popular cries make more noise than they can justify. It is quite true, as the roviewor states, that anti-slavery lectures have been given and largely attended in this city during the past winter; but have we not had likewise leetures on spiritual rappings which have col- lected thousands! Tere, as in London and every other metropolitan city, the announce ment of a lecture on a treasonable or other piquant subject is sure to draw; but what is the net political result? Nothing move than that of Feargua O’Contor’s speeches or O}Con- | love thom all respectable; and farthe: umed—that a large proportion is still | nell’s loague—vox et preterea nihil. unpaid for, and that neither marble palaces, {. There were thourands in this country who nor Sebnyler frauds, nor gambling debts, nor a | sywpathised with the English chartists aud the general decline in stocks, nora downward ten- | Irish rebels. For doing which, the deney in breadstuffs and provisions, is calcu- lated to gniet the panic in Wall street, or to stave off the goneral day of accounts. A panic naturally operates to hurry up a setilement, and to precipitate a revulsion which might otherwise be materially softened by a general exereise of confidence and forbearance. The new business policy which appears to have been very extensively entered into of late hy our tanks may have been adopted with re- ference to these insecurities of mercantile pa- British opinion indalged in severe with respect to the condition of public and common sense in the United Stal were charged with being as great ya; the leaders of those abortive movements, pose, in return, that we charge the Bpitish aristocracy and their organs with being gs un- principled and as noxious creatures aa ae abo- litionists of our Northern States, e we eay that the men on whoze behalf Fraser speaks are unconscious of the obligations of an oath, and per; but it is policy which, none the les, is } blind to the sin of treason ; that, as a rule calculated to faciiitate the axisis of a general | British tories are prepared to bretk down con, crash, ‘The public ofjeot in” the institution of | stitational principle, and absolve themselves # Viti inthe paivdic aovrmumodasion, Wirere is | ‘rum tue daty of oveying the iawe of their Geparte from ihe dinyot ling of fy legitimate | gountry beganey that constitution ang those Jaws eontain something to which they indivi- dually take exception. We could speak thus with much better grounds than the Britieh bad, in 1848, when they charged us with a natural ‘affinity tor traitors and rebellions pests. If these Englieh reviewers wanted to under- stand the Nebraska bill they should have sta- died both sides of the question, and not con- fine their reading to the Seward ‘organs. Their own recent legislation contains two very fair parallels, For centuries, the law of Eng- land gave-to British ships an advantage over foreign vescels at the Custom House. Within the last ten years, this was discovered to be an error and a violation of the principles which are the basis of Magna Charta and other defini- tions of the rights of British subjects. Ac- cordingly it was resolved to deprive British vessels of these privileges; and notwithstand- ing the vehement protesta of the shipping in- terest, the reform was carried into effect. At the same time, and on the same grounds, the protection duties previously imposed on fo- reign produce were repealed, in spite of the clamor raised by the farmers. When free trade was established, and the navigation laws repealed, the shipowners and the farmers of Great Britain used precisely the eame language as our abolitionists now do. They talked of broken pledges, and plighted faith: they ac- eused their adversaries of grasping ambition, and disbonest tactics: they foretold the ruin of the British emp‘re, and the downfall of British power, all through the passage of the laws they disliked. The Nebraska bill has produv:d the same phenomena here. A month ago hundreds of free soilers and abolitionists foresaw the dis- solution of the Union through the passage of the Nebraska bill. Now, this outcry is mate- rially altered. At least three-fourths of the prophets of evil have changed their minds and are content with things as they are, just as in England the protectionists and the shipowners have resigned themselves to free trade and the repeal of the navigation laws. In the one country the clamor was produced by a sec- tional party, fighting to maintain a mopopoly in opposition to the rights of the whole people; in the other, by a like sectional party con- tending to support fanatical prejudice in oppo- sition to constitutional principle. Five years hence both outcrics will be forgotten, anda rule of abiding force and truth established in both nations, . Management of Railroads—The Harlem Com- pany. The following letter from an intelligent cor- respondent, who seems to be thoroughly ac- quainted with the trickery and legerdemain of railroad management, will, we trust, have the effect of convincing stockholders of the neces- sity of exercising a stricter supervision for the future, over not only the conduct when in office, but the mode of election of, their servants; for It is by means of the roguery practised in the Mavws ws —-h a wie door is opened to spe- eulation and fraud. With the facilities atforded by the abuse of the proxy system ana the ne- potism which secures almost all the offices of trust in a railway line for the members of one fomily, itis not surprising that. roads are so badly managed for the stockholders, TO THE EDITORS OF THE NEW YORK HERALD. I beg to lay before your numerous readers a few re- marks in regard to the Hariem Railroed Company. It in well known that for many years past that has beon controlled by a ne of atock jobbers men who have sucked almost the life-blood of the whole con- cern. are not aware of tho by which the of gersof tho company eaanage to elect vom for direct: 3. Twill state one fact it came unde: my sloonvation, which ers are not aware when ben how this privilege A Lam stre the public and stockholders modus operandi was opened; when about to vote, 1 was coolly tol that my stock had been voted 4 Bs whateuthority!’ “By yonr proxy,” “When waait given?” “Three years since.” They brought it forward and veld om si wi gave was Fos that it was only to be used for the ing. Thad been repea' solicited by Kyle to give him Sie et ici te aay elections. J observed 388 At the same time this Kyle was using this power at all the ‘at the same time quite sa of pr which, I peesume, had been given more or for the last ten years, and heen ‘used at all the ¢ 8; and I venture to say that there is not one fifty when he gave his proxy ‘but su; it could only be used for the time boing. And further, the officers holding these proxies, the mo- ment the denying he should be so dis |. Why? remained in force without the owners’ knowledge. One object in stating these facts is for the purpose of calling the attention of all stockholders to this subject, 80 that when they have given proxies, and are not eatis- fied with the manner they are used, they can call at tho eri et Ties Stheegtng saree ow, Mr. Tr, statement is plain, as it shows pretty conclusively one of the ways of controlling the elections of the company. Now for the further facts, which I think will not redound much to the credit of the present Board of Directors of the Uarlem Railroad Company: To show how completely this company was under the influence of its former President, Robert Schuyler, it is only necessary to say thot when he was compelled by the Connecticut Legisisture to ro sign the Presidency of the New York and New Haven Railroad, or else resign the Presidency of the Hariem Railroad, ho chose to remain as President of the New Yori: and New Hxven Tailroad Company, giving his brother, Goorge L. Schuylor, the office of Pre ", 80 that the control of the Harlem was precisely the as when he wee Prosident himself, And what kind of 9. Prosient did Mr. Geo. L. make? Why, Iam crodibly in. formed that be did not devote one hour per day to the Anties of his office, at the same time receiving full pay. Now, I contend the directors have shamefully noglected their duties—indeed, I cannot ascortain that they over ah eng any duty at all; all was bef: te their respected esident, who bas since sloped—for I maintain that Robert Schuyler waa in fact President of the Harlem Railrogd Company whie Geo. L. was the nominal one, ‘There is another feature which I think deserves a few “remarks: How is it that thore are so many Blgtchford’s connected witb this company? If]am not mistaken, thare is Vioo President Blatchford, Treasurer Blatchford, Direc! or Blatchford and Financial Agent Blatehford. Now I do not mean any disrespect to the Blatchford fame, for I be- » Lbave not heard one word against hem; but nevertheless, it really looks queer to see sMmany of one name connected with this company. it is a well known fact that stockholders gonorally do not give themse}vos much trouble abort the elestion of officers; al! they require to know ia whether the officers aro fy me ps and if aatisfled on this point they give thomselves no trouble, except, perhaps, give their prox- , provided the; vo not a pari of confidence in the t woul —— that board resign, end that a mocting of tho 1 sholders tr oll at ba lactone all given wenn date, 20 ‘an honest election may be had; and my word for it, a working board of directors would bo who in turn would elect a working president, whose w! time would be devoted ip A SEN in the sha: 0 of stocks, Lends and debts. Tt is a vast interest, and ro. What do misnamed Know sbont the! practi —¥ Tho fact is wo @ vast interest. are truly painful; ‘will have a Seto deter” ot ts sin bs tay an unlimited charter, ties ones Weta waa regi 3 officers, and all will be rignt. ~ sonally, he should not be allowed to inflict an injury upon those that do, by the careless ex- ercise of the privilege of committing his vote in trust to another. We have never seen an instance in which the system of voting hy proxy has not been franght with the most Gangerons abuscs, And this fe morg eapocially the case where large moneyed intereste are at stake. In the first place, the care and judg- ment that would be exercised by a large co! lee¥ive body of shareholders assembled in the p¥ace of election, and freely communicating to each other their opinions and doubts, are neu- tralized by a system which delegates to a few interested and corrupt hands the important powers that abould have been exerted to check and control them, When such men as Schuyler and Kyle are made oonscience-carriers of stockholders, as well as guardians of their money, it is not in human nature to resist the opportunities of enriching themselves, which their confiding constituents seem to have almost designedly thrown in their way. In fact, the whole present system of railway management is nothing but a sort of general invitation to officeholders to help themselves all round. With such severe lessons aa shareholders have lately received in the fraudulent over-issues of stock effected by the officers of the New Haven, Harlem and Vermont Central railway lines, there ought not to be any necessity for imprese- ing upon them the moral of these facts. We have seen, however, so many similar warnings pass by unheeded that we fear their effect upon stockho}ders will scarcely éndure as long as the astonizhment caused by them amongst the uninitiated. Tre Torne Isnayo Drrercunty.—Our read- ers have been made aware of a collision whioh recently tcok place at Grand Turk, Turks Is- Jand, between the law officers of the Crowa and the United States Consul, Mr. Nelson, of Mary- land. The Heratp correspondents have duly set forth the particulars of the case, and it ap- pears that Mr. Nelson was appointed Consul, in place of Mr. B, Everett Smith, removed. The new Consul arrived while Mr. Smith was being tried for libel, and sat with him in the court room. One of the officers demanded to know what right the American consul had within the bar. The court said that it had no power to exclude the Consul, but warned him not to “dare to speak.” In the evening Mr. Nelson went to the house of the judge, to demand an explanation ; ceived no answer, until ordered to go home by a person whom he afterwards as- certained to be a magistrate. The order was expressed in uncourteous language, and Mr. Nelson offered to strike the magistrate, but his ed, and the apology was accepted. But the matter could not end here, and the magistrate fined Mr. Nelson twenty pounds sterling. He rated. of no consequence tous or to the public. He self, but inasmuch as this. is not the first have set at naught the plainest pria- ciples in order to insult our representatives and degrade our flag in the eyes of the people, itis incumbent upon the State Department to take some action in the premises. The Secre- tary of State has had the papers ‘relative to this affair in his hands for some time, and he will probably go quietly to sleep over them until a Congressional committee of inquiry shall awake him. An American Consul has been imprisoned; he has been deprived of his official dignity, robbed of his prerogatives, and his flag insulted. The case is one which do- mands immediate action; kad if the Consul is wrong let him be removed; if the English offi- cials have erred, we should ‘have an apology from iheir government, and they should be re- moved from the stations they disgrace. This appears to be the plain ’state of the case, the people of Turks Island is unanimous in fa- vor of the United States Consul, and it is the general impression of those who are acquainted with the facts in the case, that he has been per- seeuted without cause, ‘As ‘there is not much hope from the State Department, we trust that some public spirited member of Congress will move a resolution of inquiry on the subject, and thus get the docu- ments before the country. Extensive Conflagration at Astoria, L. I. About half-past 1 o’clock yesterday morning, the in- habitants of tho village of Astoria, L.1., were alarmed by the loud cry of fire, which, upon inquiry, was found to have proceeded from a burning pile of lumber in an alley way, running between the houses of Andrew Swan and Theodore Holonburgh; and although every exertion was made to extinguish the flames, the fire continued wanchecked, as it were, until it had destroyed uine build- inga on each side of the spot where it originated. Two engine companies and one hose company, from Yorkville, were present; but from want of water their efforts to extinguish the flames were unavailing, al- though the members worked manfully against tho de. youring element, which did not cense its work of de- struction until 6 o’clock A. M., when it finally burned itself eut. The following is « listof the houses con- sumed, together with the loss and insurance — Name. Oy Dre.—The famous trotting horses Cray Rady and Tacony are matched for $1,000 aside, nile heats, bost three in five, in harness, carrying Wholan's weight, as he will drive Taoony ; tho race to come off Augnst 17. Mark Maguire and Hoguenot are matched for $1,000 aside, mile heats, best three in five, to wagons, to come off in three weeks from last Monday. In their last match in harness, Mark Maguire won. ‘The proprietors of the National Course are making ex- tensive preparations for the fall campaign. We see that the New York Jockey Club will meet on Monday evening next, to make out a programme of the «porte. W. Woodruff bas taken the Sarataga Course, and o:fors fome choles eports to the fnebionadles 4} that popalar watering plese, he knocked thrice, but re- arm was arrested by a bystander. Subsequent- ly, Mr. Nelson apologized to the person assault- was ordered to prosecute. He did eo, and Mr. Nelson was fined thirty shillings. He appealed to the higher court, and when the case was called on it appeared that, hy the neglect of the court, no jury had been struck, and Mr. Nelson could not obtain the record of the pro- ceedings in the Police Court, which was net made up and certified to according to law. Mr. Nelson then requested that farther proceedings in the case be dismissed by reason of informal- ity in the proceedings usabove alleged. The judge then overruled all these objections, and refased to pay the fine and was committed to prison. After an incarceration of a few hours he paid the fine under protest, and was libe- is probably perfectly competent to defend him- time that the Turks Island authorities and we have only to add that the sympathy of The reader will perceive at once the unfair manner in which Mr. Nelson was treated, par- ticularly in the final proceedings, which are opposed to all law and justice. It appears that there has always been trouble between Amer!- can representatives and English officials at Turk’s Island, brought about by a variety of causes, which are of local interest chiefly. The mere personal affairs of Mr. Nelson are matters Itallan Opera, Oastle Garden. ‘ Verde opers of “Louisa Miller”? was produced last ‘ night, with the full strength of the troupe, and with all the advantage of carefal preparation. The story of the libretto is takem from Sebiller’s well known ‘ Kabale and Liede,’’ slightly altered in the denowement to suit the requirements of the stage. As we have al ready described the incidents of which it is oon structed, it i# unnecessary to speak further of it thao to add that it is admirably adapted to the ‘the purpose of a compocer who delights im the dieplay of eccentric and often exaggerated instramental amd yoca? efforta, Like all Verdi’s muric, the opera ie marked leas by the predominance of soft and pleasing melodies than by difficult and scientific combinations, requiring «. highly cultivated musical taste for their proper appre- ciation. It was, nevertheless, eminently successful, the: audience being for the most part of that cless with whom the music of this composer is popular. The cast of the piece was as effestive as a whole aa thatof any opera that has been presented on the Italian stage, within our recollection, in this country. Although . Donna Valerie Gomez does net possess all those physical qualities that we consider necessary to the pe.feot ren. dering of the role of the heroine, she yet exerted herself most ereditably to give effect to the part, and was re- warded for her efforts by the frequent applause fof the audience. If her voice be not powerful, she haa the ad- vantage of being perfect musician, and rarely fails in giving full expression to the sentiment of the composer To Signora D’Ormy must, however, be awarded the cre- Git of thoroughly mastering the difficulties of his text. and of surpassing even the ideal of his role. Her Frede- rica, although imperfectly adapted to bring oat all the qualities of her fine voice, or to afford ber scope for the display of those dramatic powere which she possesser. im an yminent degree, still served to show what she is capable of achieving in more important perte. A truer test of ber powers would, we should say, be the rote of Fides in the Pro- phete,” and we trust the director will not omit such ap opportunity of playing off to advantage the best card in hie bands. Beraldi and Graziani were both in excellent voice, and the latter put forth all his powete in the: effort to render tho fine part entrusted to him as efféc- tive as possible. Of Signor Colletti, we have not much tonay. His voice seems to us to want flexibility, and ir cocasionally harsh in the upper register. He la, never- theless, a valuable addition to the company. The house wae well filled, notwithstanding the op- pressive heat of the weather, and now that the directo, Promises us a succession of effective noveltive, such as ‘was produced last evening, he may count upon faller audiences than attended the opening performances of the season, The public are tired of the old standard operas, and [require to be made acquainted with some of the later productions of the Italian school, The piece of last night will, however bear frequent repetition, as it ir the first time that it has been played in this country, and bas all the prestige of success. It is again an- nounced for performance this evening. Niblo’s Garden—Eagitsh Opera. The patrons of Nible’s Garden—and their name Jegion—are treated three nights in the week to lght, piquant and pleasant English operas, the facile cre- ations of Balfe and Auber, the prima donna being that universal favorite, Madame Anna Thillon, Last night “The Daughter of the Regiment’? attracted afgood house, notwithstanding the excessive heat of the weather, which, however, had a depressing effect upon tho artista. Madame Thillon, always‘ most fasci- nating woman, seems to have improved beth:in voice and personal eppearance since her California trip, and she acte and singu with a/1 that dash and spirit which make her one of the most popular artistes that ever graced the New York stage. Her performance of Marie is altogether the beat we have ever seen, as far as acting is concerned, and in singing she will not suffer by her illustrious ¢on- peers who have given us the Italian version of this spar. Ming opera. At Niblo’s she is not so well supported a6 whe deservas. Mr. Fraser, the tenor, failed to give any spirit to the character of Tonio, and hie voice has lost that round, full quality which made it so pleasant year ago. Mr. Meyer sang the music of Sulpice correctly, but could not act the part. Mrs. Macderas the Marchiones#, and Mr, A, Andrews as Hortensius, gave full effect to these comparatively small parts. The cborus was good, and the orchestra, led by La Manna, was full, well ba. lanced ana offective. And, finally, the scenery anc mounting of the opera were good. As the presentis Madama Thillon’s last engagement on any stage, every ‘one will probably seize upon the opportunity to see her agein. Her nights of performance are Tuesdays, Thure- days and Saturdays, a Sr. Nroworas Hore: Prororion acarver Vum—Gour News, Yor Trap TRaver.ers.—During a recent visit to th St. Nicholas Hotel we were strack with one feature in the menage of that spacious establishment, which has never yet beem properly placed before the public. We do it at this time for several reasons. Many travellers, adies especially, hear and believe the most horrible stories about the danger of fire in the great hotelea New York. Some good natured country friends of ours | actually believed st one time that persons from the rural districts were hung up on pegs midway *twixt heaven and earth, and there roasted for the amusement of cits. But the magnetic telegraph, and other bumanising in- stitutions, have annihilated this as well as other popular delusions. Nevertheless, a great many people sleep In the fourth story of a hotel with fear and trembling, an‘ mentally thank Heaven when they find themselves safe in the morning. At the St. Nicholas Hotel there isnot the slightest danger of a conflagration, as we shall pro- ceed to prove; and we trust that other hotels will follow the prudent and humane course adopted by Messrs. Treadwell, Acker & Company. It is somewhat costly, but it will be found to be a paying investment. There is a regular day and night police at the St. Nicholas, the members of which continually patrol the house, aud regularly report every hour to their chief, This arrangement ia valuable for the detection of thieves, a8 well as the discovery and extinction of fires. On the top of the buildings we find seven water tanks, the ca- pacity of each varying from three thousand to fire thou: sand gallons, These tanks are always full, and hose connects with each to command all parts of ‘the house. One hundred and fifty buckets filled with water are placed in the corridors. There is no public fre in any Ppait of ihe house, the heat deing generated in a vault under Mercer street, and thence conveyed in pipos to the house. In this same vault are two steam fire engines, of sufliciont power to force a volume of water over the top of the house. Every room and every corridor being lighted with gas, no lamps or candles are allowed in the establishment, We can hardly conceive the idea that any safety ar- rangement could be more perfect than this. The peou. lisr arrangement of the house preseryes it from tho ordinary dangers of fire, and the vigilant police protects it from the assaults of plundering incendiaries. Marine Affairs. Stccwrss ap DeaTa ar Sra.—The British brig Isatella & Dorathy, which was supplied with hands to navigate her into port by the clipper ship Wide Awake, as an+ nounced on the arrival of the latter vessel a few days back, got into port yesterday morning. The {i bound to Falmouth, Arad .- sane Wm. Learne, seaman, who died on the lst inst.; Captain Reed, on the 4th; Ryan Patero (second mate), on the: 6th, and John Lawrence, a boy, on the 13th. ene Axenmm Monrcsgrr’s Sauga—The furniture of the Gramercy House Hotel, on the corner of Broadway and Twenticth stroet, yesterday fell under the hammer by the foreclosure of a mortgage—Mr. Edward Sintsenich auctioneer. The sale was commenced at 10% o'clock yesterday morning, and will continue for three days. All the furuiture in the house, from ‘basement to garret, . kind to the auctioneer down stairs, which will be onthe third day, (verlag ak Fine.—About 11 0’ eho te yet ar ME 8 gt Dr. Mrs. Men- ACCIDERT BY THY EX?rosioNn OF POWDER —A boy named Jamee Jagan, residing at No. 27 Roosevelt Weaseniay siosnces badly burnt by ‘be crplicion ot