The New York Herald Newspaper, November 18, 1854, Page 4

HERALD. NEW YORK JAMES G )R DON BENNETTS, PROPRIETOR AND EDITOR, OFYTUE N. W. OOKNER OF NASSAU AND PULTON 893. Vatume XXI....... AMUSEMENTS THIS EVENING, BROADWAY THEATRE, Broadway~Useo We-—Gon Narrers—YOuns Actas. BOWERY THE. Aftornoon—Equreriiay Perroruanors—fvening—EquxstRian Pervorsancrs # MacHANe AND THE LORD—i'eRgeouTeD Dorounan. BURTON?S, Chambers street—Goon ror Normxc~Ur Par Tex any Lowen TwentT. NATIONAL THEATRE, Chatham stroet—Fu Hy oen— Davic's Daventrer—Wizarn Suir. WALLACK’S THEATRE, Broadwoy—Loxpow Aesun @ncx—TuRNING THY TARLEA, METROPOLITAN THEAT! Wour sr—Counten or Lyons, Broadway—Torrvea, rue AMERICAN MUSEUM—Afternoon—Cuani—Swiss Cor- ‘mace—Evening—Marp any THe Macrix—Swiss Corracs. WOOD'S VARIETIES—Mechanies’ Mall, 472 Broadway. BUCKLEY'S OPBRA HOUSE, 539 Broadway—Bucx- aav’s Evniovias Orena TROvEP. WOOD'S MINSTRELS—Minstrel Hall, 444 Broadway. THE VOTE FOR GOVERNOR. According to our retn:ne Mr. Clark leads Mr. ‘Waymour 292 votes. The' race heretofore has been xciting—it has now become intensely 90. Thecan- @idates seem 80 close together that one might, to | @errow an expression from the vocabulary of the Baee course, cover them with a blanket. Before ‘Mey reach the winning-post, however, Seymour may pess hie opponent ; but the chances are decidedly Bgainst him—the odds are in favor of Clark. ‘THE BRITISH SQUADRON IN THE WEST INDIES. Our despatch from Washington states that the in- qrease of the British squadron in the West Indies Masno reference to Cuba. As near a3 can be ascer- tained, the English ficet m the American waters fans lately been increased by the ‘ollowing veasels:— Bannibal 91, serew-ship. @olessus (1, serew-ship. (Borca) +70, sriling-ship. ‘1, screw-frigate. sore toeee ailing-frigate. -13, sailing-corvette. , ailing tloops, &e. It (is @enicd that this large sidition has anything to do with Cuba. We suppose that the first object of the eagmentation of ths :quadron, on the part of Eng- Iand, was in reference to the bombardment of Grey- town; but the English, French and Spanish jour mals all agree in the statement that both England an@ Frane: had prom ced Spain to increase the num- Der of vessels of the North American fleet, and the Wrench Admira', whem in Havana, openly boasted that they had force sufficient to repel any attack @at might be mads on Cuba. WILLIAM: BURG ELECTION RIOT. ‘The Coroner concluded his investigation, which has béen in session for the last ten days relative to the late electicn rots in Williamsbarg, resuliing in the deaths of Messre. Harrison and Smith, last even: img. The jury, atter a fall examination, returned a verdict of guilty against Oliver Lee for the murier @f William H. Harrison, and against Thomas N:#- msn and an unknown person, tor the murder of Mr. Banith; twenty two other persons were found guilty ee accessories. A full report will be fouud in our peper to-day. SAVING HUMAN LIFE. ‘She recent wreck of the ship New Era, and the fightfal loss of human life resulting therefro:, have @omtributed to awakcn s great interest in the va- ious projects on foot having ia view the saving of Ives endangered by wrecks. Congress last winter, passed an appropriation for this object, and com missioners were appointed by the secretary of the ‘Treasury t> make examinations and repor’ plans fer carrying it into effect. These com nissioners— Messrs. Schelienger, of Sag Harbor, N. Y., and Danham, of QOvean county, N. J., have made tir reports, and we learn that it bis Deen determined to spend the appropriation @u the coasta of Long Island and New Je sey. Bs ia understood that instructions have already been iasued by the Secretary, directing that the number of life-boat statioys on these coasts shall be doubled, ‘Phot is, that there shall be one every five miles, ia- atead of every ten miles, a8 at presen’. At each of these statious there is to be provided a house for the temporary -helter of the wrecked, capable of con. taining four hundred souls. Each station also has a Me boat, » mortar to throw 300 fathoms (900 feet) ef lymp ‘hot line, so shat it may fall over the ‘wrecked vease', where it is made fast, and serve as ® conductor for both the life-boat and life-car, which, by that meons, are enabled to pass rapidly between fe shore and wreck, bea.ing their human freight im safety. @ «THE MISSING BLOOP-OF-WAR. Fears are cutertained of the safety of this ship, and the .overnment has decided to send the steamer Walton in search of ber. The Albany was at Cu- macoa eary in September, bonnd to Carihagena, and from thence she probably proceeded on ac nise about the West India Islands. Why does not the geverrment cespatch half a dozen revenue cutters fm search of her? LOCAL MATTERS. ‘Zhe Board of Councilmen was in sé:sion last evening, and a large amount of routine business was tansacted, principally relating to streets, the details @ which may be found in our report in another column. Bixty pers: ne were urrested yesterday in this city, and held to bail in three bundred dollars, to answer charges 0! selling liquor without licenses. ‘They had previously been indicted for the offence ty the Grand Jury. Before the Brookly« Court of Besaions eleven persons were conv'c'ed of violating the erdinanc> rela:ive to liquor selling, and sen- tenced to fue acd imprisonment. These are tr;ing ‘times for the unlicensed. The election is over. Mr. Chapman has replied tothe Mcsars, Ibbotaon’s card. We give the reply inthe advertising columns, Bow the matter had better be settled in the court before which it hss been commenced. TESTIMONIALS OF MERIT. ‘The money collected to be presented in the form of testimonials to the officers and crews of the steamship Washington, and of the other vessels, for sesouing the lives from the ship Winchester, is in ‘the hands of Richard Bell, tressurer of the commit- fee, and ready for distribution as soon asthe re. @pients can be reached, and the proper distribution made, which was resolved upon by the committee. THE FEMALE ASSISTANCE SOCIPTY. The forty-first anniversary of th’s most v:ofal society vas held in Hope Chape’, Broadway, y: ster- @ay at noon. Rev. Dr. Palmer read the annaal re- port, after which the Rev. Dr. Walker ad- dressed the meeting in a speoch fall of fervid @harity towards the poor of every clime and religious sect. When he ‘ad concinded, the Trea garer’s report for the past twelve months was read, as well ap @ list of officers propos d for el-ction for fhe ensuicg year. The first was received with much satisfaction, ani the latter adopted unanimously; after which the mocting adjourned. Our report is erowded out. STATE OF THE MARKETS. ‘The flour market was steady yesterday,with a tair amount of sales, including parcels of Oanaia, bot» im bond and daty paid. Genese: wheat sold pretty freely at $2 40, whioh was an advance. Corn was alo a cent per bushel higher. Cotton closed quite steady, with sales of 1,200 bales. Pork was beter, with sales of mess at $12 37 4 $1250. Whiskey sd- vanced to 45¢. per gallon. i MISCELLANEOUS. By the falling of a church tower at New London, Obio, on the 16th inst., thre» persons, named Jones, ‘workmen on the ed floes, were ' ‘Tod, and ton others very seriously injared. Advices from Rio Jai iv toe 7th vit. pave | | 80 far for tee reief of the destitute passengera | ment by all. Nobody expected, in this affair, deen received. Noth'mg bs ocou'rd i) politiss te merit sitention, Tye transactions in coif-e during Scotember wera very heavy, amounting to tvo bandied ama ‘oiveteen thousand bags. A report of | the state ef the markets may be foird under the telegraphic head. The @nancial pan'c at t e West bas snbsided, but how tong it will b+ be ore ot again breaks cut de- és u.op circumstances and red dog bank flaan- a end the lever class are very dex‘erous in per in uv. acrisie. THE SHIPWRECK—RBELIEP FOR TIL) SUPPERERS, We give today further partcolars of toe late shipwreck on the J+~y 00 ~t, with a copy of the coroner's secord, coo aining a)! descriptions of the decesred, by wh ', in most instances, it will be found possible for the surviv.rs to recognize any frienés or relatives whom they bave lost I; will be seen that one bundred and eighty bodiss have been recovered from the wreck; but there are nearly seventy yet to be fou J. The cargo of the veesel is entirely lost, but the agents of the underwriters yet entertain hopes of saving a considerable part of the rigging, etc., with tue anchors aundchsins. The manifest of the cargo is also given. Tie German and American merhas's bave subscribed hbecally saved fcom the wreck. These unfortunate strangers are in a deplorable conditior, and their case pre- sente strong claims on the benevolent. The Soule Imbreglio—Extraordinary Diplo- matic and Cabinet Disclosares—A Foreign Platform and a Foreign War for the Pre- SO te a ee “The news which we published yesterday, of the retractation of Louis Napoleon in the mat- ter of the quarrel with Pierre Soulé, our bel- ligerent Minister to Spain, has been read with unmingled satisfaction by some of our readers, with incredulity by others, and with astoniah- mach @ sudden and complete letting down on the part of the deliberate, firm and immoveable “ Nephew of his Uncle.” But it is true, The Emperor has succumbed; and, presto, the inter- dict against our Ambassador is changed into an invitation to come into Fronce, und to pase through France, at his discretion. This surprising denouement will doubt'ess be considered, in some quaiters, a great diplo- matic triumph jor caradmiaistration. But an inside view of the tacts in the ca-e putsa totally different complexion upcn the affair, It is a war, Mr. Buebanan has, no doubt, been assured in what bas been attempted, of the cor‘lial sup- port, in the Presidential election, ef thy Frevch, Germans acd Italians in the United States—a formidable Jeague in an ordinary Presidential canvases. To thie end, peace or war, the move- ments of Soulé and his confederates, and the late mission of Dudley Mann to Paris, have been directed. Dudley Mann isan active and fusey 8. mpathizer with the red repablican. In this capacity, in 1848-'9, he narrowly escaped the clutches of the Austrian pelice. He is the official aes'stant of Marcy; bat in his princi- ples he is with Soulé, Sanders and Kossuth and the Kitchen Cabinet; and at the late diploma- tic continental conferences he was, we suspect, among the most active conspirators against Marcy, n favor of the programme to supplant him, He is one of the feague of Soulé, San- ders and Kossuth, and must necessarily be in the service and the plet of the Kitchen Cabinet. Nor have we yet seen the end of this Soulé imbroglio. The Sanders bangnet.at London and the banquet at Paris can only be intended to exasperate Louis Napoleon, and to involve our Continental diplomacy in still more serious complications. Soulé and the socialists do not forget that it was the suppreesion of a revolu- tionary banquet which precipitated the expul- sion of Louis Philippe from France. They, perhaps, desire Louis Napoleon to try the same experiment, with the hope of reviving the bar- ricades and the Red Republic. They may be gratified in baving their dinner abruptly cut short by the police; but they will be disap- pointed concerning the Marsellaise. They will not hear it on the Boulevards. Louis Napole- on is not Louis Phillippe. But Soulé may gain a desirable distinction in the end, in being sum- marily expelled from Paris and from France. Either with France or with Spain he and his diplomatic conspirators appear resolved to have a quarrel and a casus belli. Their Presidential plot requires that the administration should be gelvanized into life again. War, or a hot, threatening quarrel with France and Spain may do it. They may yet succeed in getting it. We await the issue with avxiety ahd alarm. To sum up, we repeat it, from reliable infor- mation, that this Soulé affair, and all the Soulé victory to Marcy, but it isa defeat to Pierce and the Kitchen Cabinet. The object of Pierce, Forney, and their conspirators on the other side of the Atlantic, in this business, was a rup- fure with Spain or France, or both; the desire of Marcy is peace. Give him the spoils, and he is content to be quiet. A foreign war would increase his official labors ten-fol’ entirely detaching him from the intrigues of the politicians for the succe:sion; and in the end anew brood of military chieftains would Tun away with the glory. He is the bulwark of the “old fogies’ in the Cabinet, against the bloody schvol of Young America. We are, BP-rhaps, indebted to our present exemption irom a foreign war, upon various questions, to the caution and dogged obstinacy of Marcy. Yet it is to this very position which Marcy occupies in the Cabinet that we are now ena- bled to trace this Soulé affair, and the whole werlike schedule of diplomatic and Presiden- tial movements on ihe part of the Forney branch of the adn inistr.tion. BTo begin, then. The administration js blessed with two Cabinets—yea, threo—a regu- lar Cabinet and a Kitchen Cabinet at Washing- ton, and a Cabinet of our red republican school of diplomatsin Europe. At the head of the regular Cabinet is Marcy; at the head of the Kitchen Cabinet is Forney; while Soulé is the Premier of our European red repub- lican diplomatic Cabinet. The interests and the programme of the Kitchen Cabi- net and the diplomatic European Cabi- net are the same. They work together, and for common objects. The first object is to oust Marcy from the State Department, and to get Buchanan in his place; the next object has been to hum»eg Buchanan with a dissolving view of the Presidency, and Mason at Paris with the taiteof the State Department under Buchanan, or the Vice Presidency. In this lat ter object, the Soulé Cabinet at O-tend, Bras- se's, Aix-le-Chapelie, and other places, where they held their late Continental conferences, have evidently succeeded. Buchanan and Ma- son, credulous, easy, and good natured “old fogies” as they are, have been thoroughly hum- bugged into a wild goose chase, by the adroit management of Soulé, Sickles, Sanders, Bel- mont, Kossatb, Ledru Rollin, and others of the Continental diplomatic oabinet, acting under the instructions of the Kitchen Cabinet. We say-that Mesars, Buchanan and Mason have evicently been inveigled by the Pierce diplomats under the lead of Soulé and his con- Freres into their programme for the succession. And what is it? Our advices from Europe, of the most relisble character, furnish us with o key to the mystery. And here is the plan. The first thing required is to lift the ad- ministration again upon its legs. This can only be done by a foreign war. Em- broil] us in a war with Spain, or France, or England, or all cembined—the more the better—and tle country will rally as ove men to therupprert of the administration. But to cbtaia the acive co-operation of the reguleg Cabinet at Washington in this business, it is necessary to supplant Marcy, and to put some other man in bis place. They have found the men in Mr. Buchanan. The Kitchen Cabinet and the Soulé Cabinet, have, therefore, been working zealously to put the administration upon a war footing, to disgust Marcy with it, to drive him out, and to bring in the more plia- ble Mr. Buchanan as the head of our foreign af- faire. To this end we are advised that the forth- coming annual message of the President to Con- arces will give the quietus to Marcy and his pacifie policy. We are admonished to prepare for a vem wud for the immediate increase of the army and ‘he navy, an: for a contingent appro- priation of tw: n'y or thirty will‘ons for the im- mediate ancexation of Cuba, with or without the consent of Spain. The next step bas been a platform for Bua- chanan for 1856, as the protegé of Sonlé, Sickles, Sanders, Belmout, Kos uth, Ledru Rol- lin, and cou pany. A ruptnre between the United States and France or 8, ain, or both, including England, would create a diversion which, pend ing tLe Russian war, would give to tre social- ists and red republicans of France and the Oc utinent a golden opportunity for a general rising, The reaction here, as they calculate, wou'd te tremexdvus, The country would be unanimous for the adiministration in the war, and /cr its candidate for the succession. Nothing could prevent his re-election ina perfect whirl- wind of applaure. This is the plot into which Buchanan and Mason have been inveigled by the political caucuses of the warlike diplomats of Tammany Hall and the Pewter Mug, and the Continen'a) refugees in London. Should they fail of embroiling ys ig a foreign troubles in Spain, and this late visit of Dudley Mann to Europe, and the late diplomatic con- ferences at Ostend and elsewhere, are nothing more than parts ofa revolutionary plot between Pierce’s fire-eating dipiomats and the Continen- tal refugees—the object of which, in Europe, is a revolutionary convulsion, and in the United States the control of the Presidential election. In this view, Buchanan and Mason have been humbugged to pander for the foreign vote in this country—Soulé, Sanders, Kossuth, and all concerned, having strangely overlooked the general uprising of the Know Nothinge. Well, we must struggle on, have patience, and wait the-end of this Soulé conspiracy and the President’s message to Congress. Marcy and his pacific counsels may be turned out of doore; we may yet be entangled in a European war, which will be an interesting addition to our threatening financial and commercial em- barrasements. Should Marcy in a month or two be superseded by Bachanan, we may as well prepare for the worst. The amiable old Pennsylvanian, between Soulé and Kossuth, has become blood-thirsty and belligerent. The Kitchen Cabinet and our European Cabinet, with Buchananin the State Department, will be a warlike coalition. We await the upshot of the Soulé squabbles and the Presideat's Meseage. Tue Last Great Lrrerary Movements.-- We have printed in another part of this pape: a spicy legal document. It is an application of the Chevalier Barnum to the Supreme Court, praying that tribunal to enjoin another publish- er from printing a burleeque upon “Baroum’s Life and Adventures,’ announced to appear before the holidays. This occurrence reminds us that there are now in progress three literary movements, which are intended to delineate the lives of three great men, and to create three tremon- dous excitements in the three stratas of cocie- ty in which the authors move. The Chevalier Barnum is the first of theso aspirants for the chaplet of literary renown— to say nothing cf his percentage. Matters have lately gone ogainst the Chevalier Ba:- num. To use an Ea-tern expression—the black clouds of adversity have settled over the Mu- seum, and the notes of the Lul-bul are hushed in the gardens of Iranistan. Times are hard. Humbugs have been run into the ground. Neither the double African baby or the Cor- sican Brothers will draw any longer. The woolly horee has gone the way of all such flesh. Juvenile patriots cannot now be seduc- ed to invest their quarters in hearing touch- ing storiesfof the Pater Patria from Joice Heth—Young America prefers the legitimate drama. Old Africa has dried up and blown away in consequence. Jenny Lind is married; she bas taken to baby nursing instead of roulad- ing, trilling and ventriloquising. - The fire annihilators have annihilated nothing but the capitel which was put into thom. The great menagerie is broken up, and the animals have been knocked down under the hammer. The mermaid has gone back to the manufacturer's hands, in order to be ready for the spring sea- son, when the anniversaries commence. What, then, shall the Chevalier Barnum do? Turn author! Thet’s a brilliant idea! The Chevalier, finding money matters rather tight with him, resolves to raise the wind to the tune of a hundred thousand orso, by confessing to the public how he has humbugged it—still keeping up the same tactics, and making “ my book” the greatest humbug of all. The Che- valier Barnum kaows howto work up a public JSurore, and he may succeed in his present en- deavors. Then he may buy a new mermaid and take a fresh start. Then there is another Chevalier of the Bar- num species—the Chevalier Greeley, the phi- losopher, the politician, the Diogenes, the sage of Nassau street. ‘The best laid plans o’ men and mice, * Gong aft agley. So it is with this dirty plilosopher — this opponent to sblution--this enemy to clean linen. The copper stock is not worth & penny—the Red Bank Fouricrite instita- tion don’t pay for the bloomer déesces of its fair inmates—all the Chevalier’s speculations lately have been failures, In consequence, he purposes te give us his life—the aato-biogra phy of Horace Greeley! What an excitement that will make in the world of letters! We trust that the Chevalier Greeley will make enough from his life to pay for washing his face oftener than once in three or four weeks; to get a few shirts, and a new hat and coat would not be out of the way. The Chevalier might also set up another Phalanx in some more pleasant locality than Red Bank, or otherwise trodden human'ty: Don’t say it is all talk. | ‘When the Cheval/er Gr-eley has more money than he wants, dow. -trodden humanity will get some of it, The Chavoliers Barnum and Greeley are be- fore tue publio; their confessions will shortly appear; but their notoriety ples before that of the third great man whose auto-biography is announced, This sno less a person than the Chevalier Henri Wikoff, who arrived by the | Washington—delighting everybody on the pas- sage—and who will short y give to the world, | from the press of a New York publisber, his | life and experience, both in the Old World and | the New. The Chevalier Wikoff ha: been distinguished man for years. He has mixed with the best European society—breakfasted en famille with duchesses, lunched with field- marshals, dined at royal tables, and supped with the monarchs of the coulisses. His book will tell us all about these matters—also his residence in Paris for several years ag a@ secret minister for the English go vernment—his experience in other capi- tals, and his trial and imprisonment at Genoa for the horrible crime of desiring to more shaves, is now genera'ly entertained in \ finencial sircles. Folly and disbonesty —not in | this enterprise slone but in all the other rail- roads are producing their natural fruit : loss of credit, ‘oes of standing, embarrassment and ruin. From this doom there is no escape pos sible. To talk of recovery is mere mockery. The Erie Railroad must submit to the fate it has courted, There was one way, and only one, in which the crisis might have been averted. There are at present in the treasury twenty-eight millions of dolars in gold. The balance in the vault has not fallen below this figure for some months: but it bas exceeded it, and would now be equal to nearly forty millions, had it not been for the shameless robbery of our money to support Santa Anna. Hed the government heen honest, we should now have bad at least thirty-eight | dir millions in gold in the treasury coffers Fulla year ago, experienced men warned Mr. Pierce and his Oabinet of the approaching financial trouble, and begged him to give his support to euch measures as might relieve the country, He might have distributed the bullion by buying up government securities marry @ lady with a large fortune. The Che- valier Henri Wikolf is a remarkable indivi- dual, altogether superior to the Chevaliers Greeley or Barnum. The Barnum book will be the record of the tricks ofa vulgar showman—the Greeley auto- biogrepby will exhibit the egotisn of a dirty philosopher; but the Wikoff memoirs will be a description of high life in Europe, as it is. The Chevalier Greeley says he desires to raise down-trodden humanity ; the Chevalier Wikoff has spent the three hundred thousand dollars” left to him by his father, in the endeavor to illu- minate up-trodden humanity. Decidedly Che- valier Wikoff is more sincere than his dirty rival; the first spends his money—the latter cnly talks about spending it. We predict a great sale for the Chevalier Wikoff’s book. Mrs. Stowe’s negro romance was sold to the amount of two millions of copies in England, « million and a half in France, a million in Germany, and nearly half 9 million in the United States, Now Chevalier Wikoff’s book cannot be sold in England or France, as it expresses a great many things which those governments would prefer to keep secret; bat it is not too much to say that the Chevalier Wikoff wilt eell half a million of his work the first month after its publication. We are not informed as to the name of the lucky publisher who has secured the copyright, but he is to be envied by his brothers in the trade. Of all the books that will be published between this time and the holidays, none will be more amusing than the au‘o-biography of the Chevalier Henri Wikoff. Fresh Symptoms of Commercial Disaster. During the fiscal year which ended in June last, seven millions of acres of publie lands were sold by the government, and produced a revenue of nine and a half millions of dollars, about six millions over the average revenue from that source. There is something startling in the coincidence that during the year previous to the convulsion of 1837,a precisely sim’ {ar rush was made for the public lands, and the sales of the year were unpredentedly large. The causes which produced these like results were not the same. After the removal of the deposits from the United States Bank, and during the years 1833-6, the plentifulness of money, the epread of apparent prosperity, and the extension of credit had diffused a general spirit of specula- tion among the. public. Every man had, through the State banks and the multiplication of issues, the means of speculating; aud every one fancied that it was only necessary to buy land or houses or stocks to realize an enor- mous fortune. Hence the sales of public lands were neatly doubled: that being a favor- ite card with speculators. During the past year, we have not witnessed such a fever of speculation as was seen in 1835. The years 1852 and 1853 were certainly periods of great commercial activity. More business was done than was a gain to the coun- try. More money was spentin buying foreign goods, and maintaining expensive domestic establishments than the nation could afford. But still, compared with 1835, 1853 was not a year of wild speculation, The cause of the unusual demand for the public Jands was the immenee expansion of the railway system. It was said, in 1852, that the projectors of such works as the Illinois Central Railroad had realized a profit of millions. Other equally for- tunate operators were mentioned; and people fancied that the plan of building railroads out of the proceeds of alternate sections of land was a discovery destined to bestow untold wealth on the land. Hence some thirty thou- sand miles of road were projected during the years 1852-'3; and Congress was asked to donate something like twenty millions of acres to the several projectors and their enterprises. On the strength -of this, scores of sly far-sceing speculators entered claims for lands lying in the vicinity of those which were to be granted to the railroads: and thus {t was that the public revenue from this source rose from something over three to something less than ten millions of dolars, It wos unfortunate for the sche ners that Congress should have refused to counte pounce the land schemes any further, by rejecting tbe railroad bills: but the speculators of 1855 fare no worse than those of 1835. There is more in this than a mere coinci- dence. The causes which led to over specu- lation in the public lands in both cases are pretty snre to lead to something more. Though they were not the same—though the fault in the one case lay with the banks, in the other with the railroade—the net results cannot differ much. I¢ is simply a question as to what class of institutions must begin the tronble, In 1835, the banks, whose over expansion had been the main cause of the disaster, commenced the series of failures: we must expect that in 1855 the railroads will do the same thing. Nor are we, judging from present appearances, far from what is elegantly called in-the Wall street dia- lect “the bottom.’’ it is not unreasonable to look out for the worst when Iilinois Railroad acceptances are selling in the market at from two to three per cent discount, and when Erie Income Bonds, capital due and pay- able with 31-2 per cent interest added on ist February next, command no higher prices than 88, These are the two leading raify road enterprises of the day; if they fail, the minor roads which have invariably been carricd up or depressed with them, can hardly escape alike faie. Opinions are not yet freely ex- pressed with regard to the fate of the Ilinois Central; but the belief that, within a brief period of time, the New York and Erie Rail Toad will paes out of the hands of the stock- holders into those of receivers, who shall ad- eapend bin money for the beoett of dow minister ite aairy honestly, and submit +9 D0 at fair prices; he might have checked the flow of gold into the sub-treasuries by aid- ing the pasrage of a new tariff; he might bave adopted other schemes, which | were familiar to financiers, and would have db- viated the anomaly of a suffering metropolis and a gorged treasury, But to none of these propositions would Mr. Pierce listen for a mo ment, He was ready to support a gift of tes millions to Santa Anna; and tried hard to get ten millions for himeelf, to work mischief with during the recess. But for the wants of the country at large he did not care one straw. The thirty-eight millions which ought now to be in the United States Treasury would serve as a basis fora healthy circulation of securities amounting to one hundred and twenty millions of dollars; far more than is required to relieve all our present necessities. In other words had Mr. Pierce and his Cabinet been men of good in- tentions and sound judgment, we might now have been falling back on a reserve tund of one hundred and twenty millions of dollars: passing through tbe hour of trial with its aid: and avoid- ing all the misery and all the loss that are still in store for us. Merchants and financiers must bear the fact in mind. Marine Affairs. Wrvce or Tae Bfutisn Bria Sraive.—The ship Arvum, Chase, arrived yesterday morning from Shields, brought into port Capt. Evans and crew of the British brig Strive, whom Capt. Chase rescued from their vessel when in a sinking condition, The Strive was bound to this port from Newport, Wales, with railroad iron. The Arvum fell in with her on the 16th October, in lat. 44, lon. 30 40, she having four days previous (on the 12th) expe- rienced a violent hurricane from N, E. to N. W., which carried away both masts close to the deck, stove the Dulwarks, and caused the vessel to leak badly. Capt. Evans returns his thanks to Capt. Chase for thig kind- ness to them while on board the Arvum. Naval Intelligence. | The U.S. sloop of war Plymouth, John Kelly, Esq., commander, sailed from Hong Kong, China, July 29, bound to Annapolis via Singapore, Penang and the Cape of Good Hope, and arrived at Singapore in September, whence she was to sail on the 20th. She has on board the presents from the Emperor of Japan to the President of the United States, and may be expected about the latter part of December, when she will have been absent some three years anda half. The following is a list of her officers:—Commander, John Kelly; First Lieutenant, G. B, Balch; Second do., John Guest; Third Acting do., H.N.T, Arnold; Fourth Acting do., P. Wager; Acting Master, A. Ochiltree; Surgeon, C. H. Wheelwright; Pur- ser, E. C. Doran; Assistant Surgeon, J. H. Otis; Midshipman, M. Haxton; Midshipmen, J. W. Shirk, BE. F. Stockton, G. F. Morrison, L. A, Beardslee; Captain’s Clerk, J.P. Norris; Boatswain, William Smith; Carpen- ter, C. W. Babbitt; Gunner, LU. M. Pago; Sailmakor, G. F. Blackford, Marine Affairs. ‘Tay SreavenrP Crescent Crry sailed yesterday after- noon for Havana and New Orleans. Police Intelligence. What Some Target Excursions End In—Serious Affray with Deadly Weapons.—A disgraceful and serious affray took place on Wednesday night at a porter house in Hester street, between a number of persons just re- turned from a target excursion. From some cause or other, words were followed by blows in quick succession. A portion of the party got their muskets, which were standing close beside them, and began to attack their adversaries, and in the attack one man, named John Mc- Cue, received a severe stab in the left side, penetrating, it is feared, into the lung. John F. Flynn, of 30 Eliza- beth street, was also stabbed in the body and the legs. The affair at this crisis was luckily prevented from going any further, and the matter quieted before the arrival of the police. The next day, however, Flynn made a com-’ plaint against McCue for stabbing him, ands qarrant being issned for hie artest, the officer in whose hands it was placed found him lying very ill indeed, at the New York Hospital, from the effectof the wound that he re- ceived in the side. He admitted bonne 4 Mian, and said it was done in defence of his own 5 us the matter stands until the recovery of McOue, who is in a af be peer ee est Degree.—About 1 o'clock jurglary in t o’cl ie: ay morning officer Grovenatein, of the Eighteenth ward f° lice, discovered two burglars in the house of William F. Vail, 410 First avenue, which they had forbibly en- tered by means of 8 pair of nippers; but as they were making theit escape from the premises, with about $500 worth of property in their session, Mr. Vail was awakened by their noise in the house, and getting up to Uke the fellows chase, they retreoted by way of the front loor, when they were captused, after « short chase, by officer Grovenstein and others of the Eighteenth ward on being taken before Juc police. The prironers, Clarke, at the Jefferson market poljee court, gave their names as Henry Edwards and Lawrence Monks. denied that they were the persons who entered the hoise of Mr. Vail, but were committed for examination, nevertheless, by the court. Burglary in the Third .—A man, named Daniel Banks, was arrested while in the act of ‘cai off lot of copper and lead from the stare of Reuben R. Har- vey, of 69 East Thirty-fifth streot, He was taken before Justice Stewart, who committed him for examination, on the charge of burglary in the third degree. Passing Worthless Bilis.—Heury Farnbeimer was ar- rested by the Eleventh ward police, charged with having, along with another person not yet arrested, passed nine dollars in worthless money on Louisa Frank, of No. 99 Sheriff street, of whom they purchased, it'{s alleged, 1,000 segars, and gave in payment a bill on the Far- mers’ and Mechanics’ Bank of Tennessce, and on the Washtenaw Bank of Michigan. The mer was dle- tained by Justice Welsh until the principal in the atisir has been arrested. Selling Liquor Without License.—About sixty persons were arrested yesterday in the castern section of the city, on bench warrants issued by Judge Boebe, they being indicted by the Grand Jury for selling liquor with- out the necessary permit. They were all taken before Justice Welsh at Exsex Market Police Court, whe held cach of them to bail in the sum of $300 to amawer for the offence. Shooting Affray.—Patrick O'Conner was arrested by ofticer Smith, of the Thirteenth ward police, charged with having, 's fow nights ago, while in. digtoulty, with a friend of his, named John Mathews, fired a loaded pis- tol at him, the ball going through his cap and zing his head, but doing no further damage. He was held to bail in the sum of $500 to anawer for the offence. Gra .—A man named James Fay, livin; at 518 Pearl street, was arrested yesterday by the Six ward police, charged with stealing three barrels of flour, valued at $30, from Richard Tritton, of 105 Bayard street. The accused was seen taking the flour away by three witnesses, who helped him to put iton a cart. He was committed to prison for trial by Justice Bogart, Canal Boat Stealing —Yesterday officers Munsfied and Smith, of the Lower Police Court, arrested James Sweet, proprietor of a junk shop at No, 228 West street, who is charged with stealing a quantity of rope, valued at $75, from the barge Mary Linden, Captain Lovett, owner. ‘The property was found in possession of the accused. He was taken before Justice Bogart at the Tombs, who committed him for examination, Jersey Mer News. ENLARGYMENT oF Tre Crry.—It is sald that application will be made to the Legislature during the approaching wession to add three Wards to the city, by annexing adja- cent territory in Bergen and North mn, Co me the thickly settled portiams of those towns lying west Jersey City. Notice is already given of an application for the formation of the Fifth ward, to be bounded by Mill Creek on the northeast, the New ret hoe on the north, Palisade road on the west, and Communipaw Jane on the south. Sxow i Canapa.—Persons from Quebec report that there hi Ment sleig that vi- vould be wha none canon b of the lower part of mae Letter trom Mr. papery bare TO THE EDITOR OF THE NEW 5 On my arrival here trom Newfoundland, I learned for the first time Desers. W. W. Gilbert and Wm. Gikon, Jup., parveng: y the Arctic, had been using the pab- lic pronts to justify them>elves, and calumniate Captain Sluyter, of the Victoria, and myself. Vi neem~ that they were present, (whether ly or not, 1 cannot say,) when we called at Cor New- man’s, by his request. at 10 o’cloek of the evening of Oo- tober 2, to get his final answer; and whem that person declined to take any responsibility, some one said that the Victoria ought te be sent without any charge, or at (he utmost for $50 per day. Having before experienced the gratification of saving a fellow being from a watery grave, } did not feel disposed to barter for so a cons! ecation the pleasure and high privilege { ther promised myself, of aiding in the rescue of Arctic’s | pasrengers. Peipdeeds those individuals must have been as devoid of | sagucity as they seem to be of truth, not to have known | thet | saw through their shallow device to gl them- | selves at the cost of hers Sa asto bona oiler for the Victoria’s services, none any person whatever. Anything to the cor trary ia a false pretence. | Being convinced at Newman’s office that there was | only “round, signifyin nothing,” I @id not choose t- | waste any tine by prolonging brief interview irected Capt. Sluyter to make the necessary rep” 13 a. soon as possible, and to mect me at nix mext mr __siw oe search for a cargo of cout ablished their ssrs, Gilbert and Gihon, when they pr statement, ought to have known thet Thad sent the Victoria at my own risk and cost; "ne the matter was ublished in the Newfoundland? vetore they loft St. johns. Jwas not then acquat ie Consuls oftee: but as I gated with the persons at of them, at the time of te wreck, either was, or sought oe, sr of a Indy whom ho abandoned ai to her fate. and put, nimself, with his prog in his pocket, on board the lit .yeat | had no dificulty in recognising the grandilor aeot gentleman. i « (othe indivudual, who owns that in hie efforts to save hi own precious self he jumped over a wo- mer, utters what he knows is not the truth, when he skys that he or his co-calumniators ever waited on me ith regard to sending the Victoria; and if he ever sent. | for me ] have not been aware of the honor. Had either of the dividuals been very anxious about their fritnds, they mi,ht easily have found Captain Sluy- ter, or myself, before or after Iculed at Consul New- man’s. One word as to the aspersions east upon Capt. Sluyter. He had uo sleep or rest for n greater part of the bolster. - ous voyage just terminated, He was exhausted; yet at my request, promptly, and within half an hour the Victoria was made Jast,and whilst Gilbert and Gihon were snug at the Consul’s boarding house, he waa out trying to get coal to put on board that night. And let me tell those individuals, that under his rough sailor’s garb he had a warm heart, with a son) that would have seorned conduct which every honest man and ‘yirtuous woman must consider as recreant to manhood. At an inclement season, having several hundred men on our line, living in tents fallen, three hundred mile upon the-Victoria for supplie: means of getting home, and when, had she been | delayed, the consequences to the company I represen and to me individually, would have been fearful, T alone | gladly took the reap onsibility and the risk, but, it seems, | only to be misrepresented—to have the feelings of my: | friends outraged—aud to be, in my absence, pusillani~ mously assailed, CHANDLER’ WHITE. Fort Hamizton, Nov. 18, 1854. Court of General Sessions. Before Hon. Judge Beebe. s Nov. 17.—Highway Re —John Quirk was indicted and put upon his trial for this offence. It appeared that the prisoner, on the night of the 20th of October, about 2 A. M., met one Lawrence Petit on the corner of Oak and Oliver streets, and there by force robbed him of his watch. Petit immediately followed in pursuit of the- thief, who ran into an alley way, where he threw away the watch. On coming out, he was arrested by two po- lice officers who were attracted thither by tho cries of ‘“watch.’? Verdict of guilty, In senter the prison- er, (a notorious character, Judge Beebe he was de- termined tomake him an example, and sent him to the State prison for fifteen years sae six months. Grand Larceny.—Thomas Cochrane was indicted for stealing s gold watch and chain, of the value of $100, from Edward P. Kidney, lying intoxicated in the street, on the night of the 16th of September last. There waa. not sufficient evidence to connect the prisoner with the offence, and the prosecution abandoned the cage. Supreme Court—General Term. Before Hon. Judges Mitchel, (P. J.,) Rosevelt, and lerke. RECORDING ASSIGNMENTS OF MORTGAGES. Nov. 11.—Sylvester J. Kell vs. Wm. F. Bulkley. The facts in this case appear sufficiently in the dissent opinion of his Honor Judge Roosevelt given. The majority of the court ordered that the report of the referee be re- versed and 4 new trial granted. No opinion was rendered in favor of this decision... Judge Roosevelt dissented from. this conclusion, and delivered the following opinion ix Bus ort of his dissent:— e question raised by this case relates to the effect of an omission to record a first assignment of a bond and - mortgage, as against » socond bona fide purchaser of the same scurities. The securities, it appears, were not merely avsigned, but as usual in such transac- tions, actually delivered to the first pu . The second purchaser, however, at the time of his purchase, ‘Was assured that they were merely locked up ina safo, the key of which could not be immediately Lapen er and the records, on examination, negatively showed, if by law they ever can show such & negetinet that no pre- vious assignment had been made. Which, then, under theee circumstances, of two innocent persons, both alike deceived by third, is to be the loser—the first yurehaser, who relied du tho possession of the secu- lities and’ the implied engagement of the that he would not make a subsequent assignment; or the second purchaser, who overlooked the , Ossessione and relied on express assurance of the mortgagee that be had not already made » rior assignment? The question is one of great practical importance, as many persons, it is believed, who take transters of subsisting mortgage securities, wholly omit, unless a foreclosure becomes necessary, to record their assignments, deeming the record of the pee them- selves and the possession of the originals a sufficient pro- tection. The statute relating to the “proof and record- jug of conveyances of real estate ‘and cancelling of mortgages,’’ (these are the words of its pone 2 B.8., 755,) requires “every conveyance of real estate” to be * recorded; and provides that “every such cont not 0 recorded shall be void as sul purchas- ere in good faith and fora valuable of the same real estate, or any portion thereof, whose convey- ance shall be firat duly recorded.”” Now a accompanied by the collateral security of land, it is well settled, is personal, and not real estate. © tae it the mortgage, en the death of the owner, to his adminis. trator and not to his heir. A com therefore, of @ bond and mortgage—in other not ‘‘a conveyance of real est unless otherwise made go, es ——— any estate or it creat ned, mortgaged or assigneh; title to an, real eatate may be affected, ‘ni cxopeding three contracts and one steeper. nd and mortgage as such, an assignment - ‘terest in real estate? ic bea, etm nly be mee by writing., And yet the courts have held, it has been ny law for years, that a bond and mortgage may effecti transterred by mere securities. ting be not necessary, how can be so—or ra- ther how is recordi: icable where is no wri- ting to record? Besides, it is conceded—or if not con- ceced, it is indiaputable—that the assignment, vo far at ell events een merely the bond, whether in wri - ting or of , need not be recorded—the ‘Gecltaey, Roly, tent connate the world. He en, am alone, way receive payment and ’ acknowledge satisfaction; and if bond is paid the debt is gone, and with it the mort- age merely collateral to the bond. re, the second assignee in such a case, from the |: nature of the instruments, can take . He knows ‘when he deals with aasi ‘well-understood ES é f that, or ought to know it Patsy It i one — " fo that a] ry security. He may Bim! Orang a'writton admlsslon of tna, morieager that the debt remains due and that there is no or offset. But when he finds that the in ession of the securities, there is the superadded. Gifficulty, and the purchaser is bound to know it, that they may have been previously assigned by mere delivery. ‘the very non production of the instramenta is abundant evidence that they may be, and, i ordinarily speak- ing, must be in possession of some er ; and that other person, notwithstanding the absence of record of an assignment, may be lawful owner. then the purchaser, under such circumstances, to take he mere assurance of the seller, out of possession, that he has made no previous sale? ‘Or if he do, thus disre- ies the natural dictates PD aap as) should he not compelled to abide by his folly, if the assurance turns out to be false? What equity has he in such case against the first purchaser, invested. with both the snd the al title x Law aide the vigil not the slothful. Hence, where a took a og house from an apparent etner haying ‘the reseen, tts without inquiry on the jses, he was & ‘bona fide mortgagee the true owner in he title of such ovver was not fo en insu person can be the eo of the ‘the same time, and for the the mortgage,’ Of what val another has a ntygey aud bo own mere volition, at an} stroy? For I it will hardly be that Haynent of the bond, to the lawfal azd ectual holder meh eh t ' fa whieh is been held, w’ alte te to belon fect ouch the same as holding that A may be the owner of @ house which B has the right to do what he pleases with? Such ownership ia & contradiction in terms; it is, ied se. In James ve. Morey, 2 Cowan, 246, it was the late Court of Errors, that although an ——— & mortgage may be recorded, yet, merely the purchaser from a second sale, ag right, it need not be. ‘ Where the mortgagee,” Mr. Justice Woodworth, ‘makes a second assign~ ment, the assignee knows that a prior sssigomen' may have been made, and consequently must, as to that fact, repose on the and integrity of his assignor. should ceived, it is more equitable that he should suffer, thi to divest the right of the first ‘who acquired the legal estate.’ This decision of the late She Sera ie is eee e former, a not existing rounds, however, on which it is i wil be are equally applicable to ‘anderstand them, that there is any mat aif. to W J ogee in te wording of the two statutes, Ag eariga. s & E g, the of the « AI John 834,10 40.7 398.) if thee wee