The New York Herald Newspaper, January 31, 1855, Page 3

vy of NO. 30. . om NEW YORK HERALD, WEDNESDAY, JANUARY 31, 1856. LATEST SEWARD MANIFESTO. CURIOUS DODGE TO CATCH THE KNOW NOTHINGS, Seward in the Disguise of National Principles, &eo., -&, &o. Orem. bad New York Daily Times.] ‘. ‘One week from to-day the Legislature is to choose a Senator to represent this State ia Coagross for six years from the 4th of March next. There ia very little doubt that William H. Seward will be re elected—unot only by & decisive majority, but without serious opposition in either branch of the Legislature. Indeed, thus far, no other wnig candidete has been presented; and, in view Of the evident proprieties of the case, as well as of the public rentument of the State, we presume no whig of any prominence can be found who would consent that his name should be used im opposition to that ot Mr. Seward, This fact indicates a remarkable chat public opinion concerning his public character reer durlog hisSenatorial term, Six years elected Senator against a most earnest vehemeo hostility—mainly personal, and reasonless beyond al: doubt, Put based upon a studied depreciation of bi abilities, a systematic distortion of his opinions, and a Violent misrepreseatation of bis personal motives and public aims, Probably vo man ever eutered the Senate ‘Of the United States under so black a cloud of calumny and hatred as that wh followed aad enveloped him, To say that has emerged from it, would but feebly express the magnitude of the triumph he hasachieved. He has disarmed p-rsoual ostility by ‘tre frank aug kindly liness ot his demeanor, aud bas shamed malignity into respect vy the Christian courtesy which no insult oyuld even fora moment sting him to forget. He has taken an active end a prenieas part in the discussion of every topic of general interest that has ed attention—treating them all with a degree of fntelfectual vigor, a clearcess of judgment and a variet, of information, that have compélled respect and vindi- cated his fitness for the largest duties of public life. Every interest, and every section of the country bas re- ceived from him equal and adequate devotion. He pressed with equal ardor the claims of Commerce, Agri- culture and Manufactur s—he has vindicated with e ual zeal, the just rights and interests of the West and Sou! and those of the East and of the North. There is not af this day, in the Senate or in public life, a statesman of more ability—more laborious and cousclentions ia. We diac! of public duties, or more thoroughly SeSonalio ali bis viewe than Goverur Sawsed. When he was first a candidate for his present position, the principal charge of his enemies, and the apprehen- «sion of some among his friends, was, that nis hostility to slavery would uopel him to acts transceniing the limits of the constitution, and make bim sectional in his political views and his public conduct. The event has ‘entirely disproved the prediction. Without absdng one of ‘his batred of slavery, he uss waged no war upon ft beyond the limits where he had a right to go—but he ‘has resisted its aggressiona—be has repelled its claim to nationality, and ought against its desperate aad deter- vmined or to obtain permanent control of all de- the national government, with a fixed fidel. ir, strong, undaunted Cay and a degree of ability which have already won tor him the profound of ail lovers of the constitution and of the free re- ‘public it was demgned to create and maintain. Senator ‘Seward is still denounced in some quarters as boing a statesman— but itis only by those who hold slavery to be a national institution—dependent uot upon ‘local law, but upon the constitution alone, for its existeace, and juatly entitled to all the extension and all the power ‘ite champions may demand onits bebalf. ‘The great mass of the people throughout all the non-slavebolding states shave come to see that his ition upon the subject is of the constitution—that it is the only one on which " iteady and threatening encroachments of the slave 4‘ can be resisted—and that he alone of all the men ra high position has held his ground in regard to it with Gauntless courage and an unwavering steadiness of prin- ciple—of purpose. The possibility of his defeat, there- fore, has excited unwonted — every quarter where the magnitude of this great issue has been duly felt. So long as the great State ot New York stands firm and true to that theory of the constitution which will pot it 1t to be mace the tuoi of slavery, there is hope Sf aittmate daitearnace free te-tegraning honaage. Bat if ehe had discarded the man whc, above ani beyond all others, bad stood up true to freedom in the hour of her dorkest and her deepest peril, the whole North would have felt tbat the cause was hopeless for at least twenty years to come. No man would ever again have dared to btand by his convictions of justice and of rig! ainst ‘@ temporary torrent of popular abuse:— racism would have received the imprimatur of the empire state, and we need have looked hereaiter for nothing else in our public councils. So strong and overwhelming is the public sentiment of this great State in support of Gov, Seward’s position and course in regard to slavery, that his personal and political enemies have felt the urcessity of seizing upon other influences in order to organize any opp sition this return. Taey have availed themselves with deal of adioitnesa, but without much success, of | & good rthe tide cf hostility to foreigners and to Catholics which inv just now sweeping over this country, and ia the hope that by ite aid trey might accomplish his defeat. Turougiout his whole public career, aud especially whil» Governor of tts Staie, Governor Seward has urged mea- sures which whould secure to all the citizens of the ‘United States the tullest and most perfest enjoyment o its civil and religious privileges, aad briag wuem most directly 1 contuct with the re publicanizing influences of our institutions, He recommended, while Goveraor, such an adaptation of our system of common schools to the conacientiour scruples, aud even to the prejudices, of Catholics, as should deprive them of all excuse for withdrawing their childrea from them He did this not in the tnterest or for the benenfit of Catholicism, but for the sake of securiv; an education as sho: ship in a free republic. Protestants have alwa: that ignorance was the great buttress and p: tholicism—that wherever ed: fit them for the duties of cit zen insisted lar of Ro- stition must disappear, and t Roman Catholic clergy’ has alway: p the mass of the people in ignorance aud cousequent degradation. Governor Seward not unpaturally supposed that aay measure which should bring the chi a of Catholics into our common scbools, and teach them to read and write, and to think for themselves, would loosen the hold pod geome upon them, and break those influences wi were generally supposed to keep them ta unrea- soning subjection to Roman Catholicsway. And the ob- ject arrives at he though worth eveo a departure from ewbat uncer other circumstances, might have been deemed desirable. If the mountain would not go to Mahomet, he thought Mabomet m ght hy deg and ‘very wisely goto the mountain. If the Catholics would ‘mot send chudren to our schools as they were, he ‘thought they should be modified so as to deprive them of all excuse for withholding them. Their education was ‘the great puint to be accomplished; and he deemed it better to secure that even, by a compliance with »ome of their prejudices, than to permit fifty or sixty thousand children to grew up in this city in utter ignorance —umable to form opinions upon any subject— mere tools and instruments of others in the performance of ali thetr dutie-—civil, political, and reli- gious. He was not by any means atone io this view of the subject. Indeed a great number of the Protestant clergy whom he consulted freely in regard to it, includ. ing some of the mort Lonored names in the State and the nation, copcurred with him fully, and corsially ap- proved the measures which he recommended. His course at the time created # good deal of discussion, and Jed to considerabie excitement in the public mind. But this soon subs for several years past even those who differed from him in opinion, nave conceded the uprightness of his motives the force of the coa siderations by which his views justeined. re- vival of the native American and anti-Catholic crusade offered s most excellent opportunity to revive the pub- lie hostility to Gov. Seward, by fanning the slambering embers of this old dissension. The great mass o/ those who are sincerely enlisted in the American movement, however, have not seemed disposed to convert it into a device for crushing one who nas rendered such distin- «guished service to principles cherished by the people of is State and of the North at large. They have accord- ingly failed to rem to the zealous and intrepid en deavors of the political opponent of Gov. Seward, who have joined the order mainly for the purpove of using ita energies to compass his deteat, Governor Seward’s re-electioa to the Senate will bea just and merited tribute to high ability, unspotted in- ‘tegrity, a noble meniiness of character indi conduct, and the most unflinching adberence to political principle of which late years has given us any example, it wil en- courage frank and straightforwarc fidelity, and will dis- countenance beif faced and timid evaneee pabhe life, It will show that New York, at ailevents, does not re- werve her honors and rewards for time serving cough- faces and demayogues. It "will command tue respect and applense, not only of thore throughout the North who tiay agree with Governor s. in bis political opinions, but of «)l everywhere who appreciate manliness of cha. racter and the fearless maintevance of political princi- og seas ae ile beers of — by the great ar of People of this State, without regard to party divi- sions, and will secure to New York for #ix years longer, the services of the ablest statesman she haa ever had in ‘the councils of the nation since the days of Hamilton and Rufus King. From the Rio Grande—The Revolution in ‘The Brownsville (Texas) Fiag, of the 14th inst., hes the followiog:— During the past few Ls we bave beard many stirrin; epmors of adaire transpiring with our neighbors, whtee mews in seid 'o be reliable, and which we give as it reaches us, merely stating tnat, ae we have not “seen ‘the documents,’’ we iuter that th It is stated, then, to be well knowa in Mata the city of Victoria, m the adjoining State of fa (pas, bas again progeunced in| that this time the garrison the movement. The major art of the foree at Matamo. yas, itis said, are now unter murchiog orders for the reene of excitement. Another rumor has it that the cities of Vers Craz and Jalapa bad rebelled and raed the Alvarer standard; Uhat General Perez, the comman tant of the department of Vera Crag, bad been asrarsinated in bis room. And = forther aecounts state that Santa Anos bad retired to the children of Catholics such | rom the Presidency into the «bales of private life, and | Ww rustionting on 01 re ving Vega in the,temporary manage of the af faire of government From the unsettled state ofthat country, it is quite able thet all these reports may turn out to be true. Wis, we spine, utterly imposible for Santa A nown ebicanery ano arttuiners, to mi sei’ much looger against the heavy: tent pow setting in against him, by written on the tablets of fate, ome is a matter of time only. him. ude of dixcon- fall is indelti- Whes that fall will Measures Massacuvenrrs. ~The diesase ts pre wailing exteasively at Salem, armony schootebiidren. in Sine primary schon! a South Salem, the anual attes tance of wi ie forty,{fall but seventees have bad, or are cow but waa | was Mr. | pies in the Wasurvarton, D. C., Jan. 27, 1855. To tax Hononaniz Cuainman oy THe Comurrres on Fo- nuon Avrains, House oy Reraxsentatives:— Sim—The appearance of a communication from the Secretary of State to the President, under the date of January 19, 1855, and submitted by the Pre- sident te Congress on the same day, drawing upon me the imputation of having improperly abstracted from the files of the State Department an important document, in the suppression of which I am sup- posed to be interested, calls upon me to make a full statement of all I know concerning the existence, the history and the nature of that letter. The Secretary of State argues to establish a con- clusion which he strangely omits to state. His ar- gument is trat I have had acceas to the papers in the State Department, and that no others likely to abstract the letter have had such access. Tne Se- cretary’s logic points to the inevitable conclusion, but Jacks the boldness to embody it in a specific obey Deeply as I must regret the necessity for meeting an accusation which must inevitably favolve toa painful extent the conduct and motives either of the accosed or the accusers, { am not at liberty tu waive the issue. Contemplating the official ‘at from whioa this severe accusation has b-en cast at me, I may pot aug in lonate invective, bat assured tiat before judgment of reason, all men are equal, I am constrained to submit at that bar my evidences and my conclusions with the decency and gravity that becomes the assertion of what is to velf respect. Although Ido not intend that my defence shall Test upon assertion bat upon proofs, yet it is natural, ex, d and proper that | should state tae facta tue case. The first copy that I saw of the letter of the 26th February was at the American Legation at the Hague, where I obtained a copy during last summer. I never saw a copy of this letter at the State Department but on one occasion and then in the hands ot er. attached to the department. I did not take y from the department—I know not by whom, it by any one, the letter was taken from the department, nor can I give any ac- count of its absence. par; to establish the following conclusions: — let. That Secretary Marcy at the time of qrising the letter referred to, did not seriously believe tnat Thad abstracted the missing paper. 2d. The manner in which it was laid before Con- calculated to covered it was considered of no importance by the government, while tbe mode in which it is com- manicated is calculated to enhance its importance the attainable te To eaten the assertion that the imputation al- Inded to, ia fairly conveyed by the Secretary's let- as make no argument—I produce the letter ‘to Preaipent or THe Unrrep STATES :— ‘Aiter the publication of the correspondence between the Secretary of State and the Minister of the United States to the Netherlands, in the case of Walter M. Gib- son, called for by a resolution of the House of Represen- tativen of the 27th July last, it was discovered that an important paper, embraced fa that resolution, had not been transmitted. The paper referred to was the al- leged copy of a letter from Walter M. Gibson to the Governor of Netherlands India, dated 25th February, 1852. Ideem it proper to send to you one which I believe to be a duplicate of that which was received at the depart- ment from our Minister at the Hague, with ao explana- tion of the reasons why it did nut accompany my report to you of the 16th ultimo. It is the common practice in the department to allcw those having claims agaiast foreign gov- ernments, for losses of property or personal in- juries, under its management, to have access to the papers on file, in relation to their respective cases, The ordinary course was pursued in regard to Mr. Gibson. During the pendency of the negotiations of his case, down to the time copies were made for Congress, he frequently appiied tor permission to examine the documents @elat- _ id it was always granted to him. Mr. Bel- | ing to it, mont’s despatch of the bth March, and the papers which accompanied it were in his possession, out of the depart: ment {or some time. He returned, as was supposed, all that bad been entrusted to him. lieved that any ot the papers in sr. Gibson's case have been in the banés, or under the inspection of any person but Mr. Gibson, and those employed in the department. Ore of the documenta which accompanied that despatch ‘an Mall's note of February 25, 1854, ia which he states that a copy of Mr. Gibson's letter to the Go- vernor of Netherlands India, (the missing letter,) was attached, and there is no doubt it accompanied the copy of that note sent to this department b; Mir. Belmont. After the papers were returned, Mr Belmont’s despatch was notfound among them, but ‘as Mr, Gibson was in En- rope, and could not be called on to account for it, applica- tion was made to Mr, Belmont for a duplicate, which was obtained from him. Finding the copy of the letter of Mr. Gibson to the Dutch Governor had been omitted in the documents pub- lished by the House of Reprerentatives, all the papers in | Mr. Gibron’s case bave been carefully examined, bat tnis letter is not found on the file of the department, It ia quite ce tain that it had become detached from the other pepers before the copies were made fer the purpose of answering that call. relation to this peper, and states that it was not among the correspondence placed in his hands for examination, and cannot account for ite disappearaace, but expresses a.confident opinion that he returned to the department all the papers he took from it. ‘That it was among the papers received from Mr. Bel- mont is certain, for it is distinetly recollected by several | sons belopging to the department. It was regarded portant paper, and much relied on by the gov- ernment of Holland in’ resisting Mr. Gibson’s claim for indemnity, The substance of 11, as will be seen upon ex- ‘amination, is contained in the note of Mr. Van Hall to Mr. Belmont of Feb. 25, 1854, in the printed correspond- ence, to that note of 4th July. Thave received » communication from Mr. Gevers, the Minister of the King of Holland to this government, ac- companied by a copy of the letter, which the Dutch go- verwent wan written by Mr. Gibson to the Gov- ernor of the Netherlands India, I read carefully, more than once, » copy of that letter, which wax transmitted by Mr. Belmont, and do not doubt that the one which ies Mr. Gever’s note to me in a duplicate of an fle at the department, but cannot . ‘The copy furnished by the Minister of the King of the Netherlands and his note to me in rela- tion to it, accompany this communication. All which is respectfully submitted. W. 1. MAROY, I submit the following circumstances and covcla- sicns to esteblis: the assertion [ now make, that the mr somagrge affecting my conduct ts false and Ist. It does nt follow that because the letter is | wiesing that it has been improperly abstracted. The mort favorable view ted by the Secreta- reir nghble tn a hy se been mislaid oF los’. roplentiee 1s y statement or-General, in which I detailed the ard occurrences of my late cruise up to the time of my arrest. In this commmnnication I expressed mary cut a len personal a, I to the Governoe-Geueral’s justice and magzaniaity was simply handed over to the Attorney- as evidence sgainst me, but waa rejected as such by Batavia—[(H. Ex. doc., No. caer to Mr. Belmont, the desp a the Ir. a aten of the phan ae it sete forth ail that the lett-r coptaibe Of @Dy Conmequence as affecang me. (H. Ex dee No.16,p. 25.) If I could destroy all the oo possersion of my governmen:, | could not prevent the Du'ch trom trasemittiog more covies, nor could I obliterate from nes of the Dotch Minister the statement of what it contained. M. toe Datch Minister, offers a copy to aap ply the' place of the lost document before tie Se cretary of State bas actually made tre discovery ot the lors. With the eye of the Datch Minister apon the fi'es of the State department, who cou d hope euccersfally ty abstract therefrom, to Jo mea hd wmment of Holland. | need: ed etter of che 25th Pebraary to correct the in- fer nce os to its import, created by the despatcore of the Dutch Muteur. Tae letter is the best com- mentary on the despatch. = Ine word, while note ing was to be gained by suppresring the letter, ite rbesnce, trom whatever "| cause it might arive, could not tai w embacr, relstions with the Execotive and with Coog'ees. would iwevitab'y furnish the fi ettack on the of , ke MOUVE can point out the my ene: eg with mysel: It is not kno en or be. | Mr. Gibson has been questioned in | It is also remarked on in Mr. Van Hall’s note to | Mr. Belmont of 20th June, and in our Minister’s reply | . | O. W. Dimick's b. ¢ Quake: a i F 43 afi the purpose of being tranemittec for publication in one of the New York | pers; aid on the ue Garant, eae days for message was sent ongress, it was acta eee im the New York Times. Tois fact was to Marcy before he penned the | accusation of my haviog purivined the letter. It waa the knowledge of this fact that first led the secre- tary to inquire for the lost letier. I will not cor- taunly be charged with aay participation in the act | of ¢ g and giving publicity t> this letter; at | all events by those who believe that [ was most | interested in suppressing it. It then foliows that, as | acopy of the letier was obtained by those nowise conpcerned in my interests, the fair inference is that it was obtained from the files of the depart- ment. This inference ia rendered the more proba- ble from the fact that it 1s not an uausaal oocur- rence for copies of papers on the files of tie depart- ment to be obtai by persons connected with the preas for publication. Tam unabie to give any explanation of the cir- cumstances, and acting upon a principle widely dif- ferent from that which prompt the Secretary’s | letter of tre 19th inst., I shali forbear to intimate hte bh means to prove or the reason to ve. It is proper to state, however, that it is possible that the lost letter may bave been taken from tne files for the purpose of being copied for publication, and that the excitement occasioned by the discovery of ite loss may bave prevented the in whose it was from returoing it to the files, and | that means subjecting himself to censure, if not purieoment. Whatever conclusion may be formed as to the real cause of the disappearance of the letter, it is certain that the circumstances furnish no reason for the Se- being hy bel eving that I was in anywise connected with \beence. But if be entertained suca a belief, it must bave resulted from # predisposition to judge me with severity, and on the slightest evidence. ‘Thus it is seen, with nothing d against me to my discredit, with no other fact than toa: I had the means of porloining the letter had I the dispo- | tition so to do, the Secretary of State of a great na- | tion professing to hold the honor of its citizens | in the highest respect, bas venturted to res before the world a charge affecting my integri- ty. He has sald in effect that he suspects me of highly dishonorable act, aud has given the | widest publicity to this statement. The expression of even a suspicion in so high a quarter is calca- lated to do the highestinjury. For it is not gene- rally believed possible that a person cocupying the | Soetlbe. Secretary Marcy, of bis ability and usual sobriety of character, would yield himself up to the guicance of his ij inflict a blow on the character of a citizen whose mis- | fortune ia that he is com; to seek justice at the hands of his government Marcy states that ‘Mr. Gibson has been questioned in relation to this paper.’ The meaning | these words are obviously intended to convey ia, | that I bave been in an official manner called upon | by the department to answer for the absence of the letter. In this sense I declare that statement to be false. No official intercourse has ever taken place peer baadavers priecaey and myself on this | subject. | In fact, the only conversation I ever hai with any | member of the department on the subjzct of the absence of the letter took place on the o:casion of 8 social visit at the house of Mr. Mann. It was the duty of the Secretary to address an of- ficial pote to me, if be had reason to thiak trat I could give an explanaticn of the absence of the letter. I coud, in that case, have placed on record the extent of my knowledge relating to the lost letter. 1 would gladly have availed myself of euch | on rtunity, and have taken great peasure in | fur ing the department with another copy of | the letter. Had Secretary Marcy in that case thought it that the matter snould be laid before Congress, the Presideat would, doubtless, have seen the propriety of tranamittiag my state- | ment with his own views § | . What adds to the injustice of the act of the Secre- tary is the fact that so such demonstration was | | caled for. Had a ce py of the lost letter been trans. mitted with @ simple ex: lenation that the origiaal | bad been missed from the fies or the department, be ig demand of etiquette would have been satis: | ied. } Had Secretary Marcy been my friend, he would | have hesitated to lay before Congress avd the world | uch a statement, even if he had the best reason to | know its trut. He could have justified such a | Course by saying that no man of sensibility will, when not imperatively demauded by what ts due to @ faithful aischarge of duty, involve avother io an accuration sffecting bis character, however firmly | be may be convinced ct its truth aad justice. Congress demanded to such expiacation. The Dutch minister alone ventured, forgetting all the Cecensies that are recogaized among the neads of polite nations, to cali the State Department to account for an imperfect discharge of its fey via travemitting the feoumes called jor ees. Secre' arcy, ancons ious thats Toon teeach of aipirzatse cout had oc- curred in the officiai notice taken by the Datch Min- ister of the internal affairs of the department, and apparently cesiious of accounting for the sudden- ness and severity ot his attack upon me, transmitted with his letter that of the Dutch Minister. Had an American Minister at London or Paris have dic- tated to the heads of the Eogiish or French nations what commuv ications shculd o- should not be made by the executive heads to the legislative be wou'd soon have discovered, by a polite sugges ior, that he was accredited to the head of the na- tion, and not sent to spy out its internal proceed. ings, and remind its officers of their neglect of duty. sha) avail myreif of the earliest opportunity to lay before you the bistory of the letter of February 25, put forth by the Dutch Minister as having beea sent by me to the Governor-General of Netherlands India, The necessity ot important doca- ; Mente in the Du language delayed tiis ccmmusication until the present time. I shall not anti.ipate the statements which I have to lay be- | fore you on that subject, bus can only say, that when it is fully understood the duplicity of the Netterlands india goverpment towards me will be too apparent for either denial or evasion. Lhave the honor to be, yours very respectfally, ren M. Ginson : : ACER. roprietor’s purse $60 , that have never shown b. m. Lady Lancaster... 11 J. Clark's b. g. Old Stone, ‘3 2 ‘Time—6 41—6 37, MAINE RACKS. TROTTING ON THE RoaD.—A five mile race came off Inst week between the Mearaport Hacker and a trotting horse belonging to J. H. Thaxter, of Bangor. The distance was from Seat rt to Belfast bridge, and the stakes $50 on a wide, which was won by the racker, Time—16 00. Fie rm tae Sour Canouiwa Couteon.—The old chapel building of the South Carolina College, aod the adjoni east wing, were totally destroyed by fire on the 26th inst. The fire originated in the roof near the eu; was caused bye defective fue The | wind blow: gale from the northwest, rendered ail efforts to rave the buildti froitless. The loss is - | mated at 000. The furniture of the students | mostly FINANCIAL AND COMMERCIAL. MONEY MARKET. Toxspay, Jan. 30—6 P. Wf. | The stock market opened pretty steady thie morning, but feil off afterwards, and towards the close was very much depremed. Indiana de clined § per cent; Erie Bonde, 1875, 4; lilnots Central Bonds, 4; New York Central Bonds, ; Can | berisnd Cos! Company, 4; Erie Railroad, |; Harlom Railroad, 4; Hudson River Ratiroed, 4; Yanans Railroad, §. Rendlog Railroad advanced 4 por cent. Comberland Coal opened at 37 por cent, buyer three days, and closed wm 364, seller | three. Upwaris of toree thousand shaves were sold. A reaction of this kind is to be expected after euch @ rapid advance, The bayerw’ option transactions for some days past have been very heavy, and mast be short to some extent. The re rorted discovery of an immense vein of tron ore 00 ike c mpany'spreperty has been pretty thorsigoly canvassed in Wall street. The circular alladed to yrmerday wasin the haods of eyery broker, aad the bulls snd bears entered the market for @ spi rited coutest. Whatewer may be the immediate tflect on the value of the stock at the Fccoange is ; uct of fo mach cupeeqnemee a6 the ulsimate effect | % ‘be company's interest in the Comverland re ne fecsina lable. For mary resvons, it could not be more favorsbly siteuted. Severs mittion | of dollars bave been invested ia troa works im the | tey, equidistant from tide water and the great | rivers of the West. Their works, acd the large town immediate vicinity of the big coal vein. The Mbant | Railroadand Transportation Company during the | tered Bavage Company erected not many years sinver four miles from the coal vein, most extensive and exceeding'y well plaoned works for smelting iron: ore. The location wee deemed the best in the coun- built for the men, were under the di-ection of really scientific and superior men, who located the works and mills, as they supposed, upon or near the great | vein of coal ard stra‘a of iron ore. The latter could | not be found, and the former was four miles off. ‘This vast expenditure of Englisa capital was suak simply becsuse the coal field did not possess the usual accompaniment of iron ore. Abou‘ fourteen miles south of Mount Savage is another evidence ot | their appreciation of coal and iron. This establish: | ment has not been worked with success on account | of lack of ores. In various parts of Maryland exist | similar establishments, which so far have been unproductive. The discovery of iron ore on tho | proper'y of the Cumberland Coal Company changes the whole tace of things in that region. The immense works im the ccal fields will spring into life and give vitality to the millions of capital invested in them. | It is, therefore, highly importast that measures should be at once adopted to test the extent and | quality of the ore. The experiments already made have, we learn, been satisfactory, so far as quality is concerned. Cumberland stock is the favorite of the market jost now. Virginia 6's sold to the extent of nearly thirty thousand dollara to-day, and closed ata decline. A large lot of Indiana 5’s ‘was put forward and sold at lower prices. Illlnois Central and New York Central bonds were weak. ‘The Harlem Ruilroad stockholders are quite out of patience at the suppression of the report of the af. fairs of the company. We understand that it is the most complete report ever made, and no troubls has been spared by the President in investigating its af- fairs, or care in its preparation. It has been com- piled and prepared by the President of the com pany exciusively, and great credit is due to him for it. But many conjectures arise among the stockholders and the public in con- sequence of the delay to inform them generally | | \ | Trapat duty on pa ‘Tex ou $40,000 bail. Hlijeh Hurt, another of the numbers Mew Jenaxy Rarnoap axp Taansroxtation Company. and had ears thwarted all endeavors to reach him. $055,192 00 The opealions of the Apoclation hare bwen motu 73,116 40 cessful im Canada, which has long beeu the ‘‘fountaim 97,724 53 head’ of the evil of counterfeiting; sod particular Operating road. bxpepser Excen# so. Interest on bonds treig Lavinends Ii Profit and lom $440,447 72 The tollowing is the balauce sheet of the com: pany:— Capital tock paid in sasess cess sees 09,958,085 00 Funded debt, (incluc 86,000 cont of property aud privileges purchased of iney Rusociaten,) ow... sessees 690,000 00 t, embracing receipts lor other and bulancen of every descrip ry, 1855. (about 4). 108,096 95 91,197 46 162 628 75 Tota Cont of road, including t road iron on band, , Locomotives, tenders, &e... Poad and equipment,... Bridge, ferry, turnp ve ani r ktocks, &., ing $4%6,000. pur Jersey associates, Cash 968,585 03 94,160 62 ————= $4,306,535 16 The number of passengers during the year, ex- clusive of commuters their forged notes. The operations of the year have been most fal, The Fxecutive Committee have held meetings during the ye: perou appeal to the bauke in with it to come far small arowal tex dem: evden voring to accomplish, The Bonk Commissioners of Maine have jast make a report to the Legislature, in which the banking movement of the State is given in the ag gregate. A compa:ison bet ween October, 1849, amd 1854, presents the annexed reaulte:— Banks oF Manes, Oct. 1849, Oct, 1954. 000 301, 263 Capital, Cireulation Depor Profit Diwids Due to banks a8 Boils payable = Lonat,..... 6. 6,276,171 Speel#........ 330,281 Dur from banks... ve T1808 Bills of other banks and checks, 179,002 Hank charges ; — | Real eatate, 114,060 Bank, insuraoce and bridge stocks ‘ The intermediate progress of the departments of | capital and cir ulation has been as followa:— id free, was 2,433,715), of | Gapital, Circulation. In 1850 there were 32 Banks... 65,245,000 $2,645,072 UROL “ of 067 3,0T4, “1862 “6 Cae Bie s 4 1863 “peu 5 6,144,006 “184 ns 7001/2562 6,601,000 Bince the report of last year \t appears that thir- whom 280,327) paased over the whole liae of the teen new benks have gone into operation, addiog road. There were between Jersey City and Newark | $587,262 to the banking capital of the Steed 1,292,320; El'zabethtown, 109,794); Rahway, 72,- 6984; Union aod Metuchin, 9.5574; New Bruns- , 83,1174 ; intermediate places, 585,891, The freight carried amounted to 56,9194 tonsa, of of its contents, Some surmise that it tells toomach | which 1,87)4 tons passed over the whole line. Be- of the truth, and that the directors don’t want the | tween Jerrey City and Newsrk there were 30,09 | whole truth known. Others think there is some | more Schuylerism in the direction, and that Schay- ler was not alone in his frauds. What foundation there ia for the imaginings of the stockholders and the public about these matters, we know not; but it is remarkable, after what,has taken place in rela- tion to the affairs of this company, that there shoatd be the least disposition to withhold from the sto>k- holders or the public avy information upon this subject. In the sffaire of railroad companies there is too much secretivencas, and we are glad to see the Legisleture are taking the matter in hand t> compel railroad companies to publish every month first, the amount of capital stock issued; second, their liabilities; third, gross income for the previ. ous month; and fourth, total amount of disburse- ments for previous month. This is right. The banks do it weekly, and why should not railroads mcnthly. This secret management we don’t ap- prove of. Publicity will have the effect of checking mary irauds. At the second board there was more buoyancy in the leading fancies. Cumberland Coal advanced 4 per cent; Now York Central Railroad, 4; Illinois Central bonds, 4; Panama Railroad, 3; Cleveland, Columbus and Cincipnati Railroad, }; Erie Rail- road, }. After the adjournment of the board the following tales of stocks and bonds were made, at auction, by Simeon Draper:— 95,000 Obio and Miss. RR., 24 mort......int, added 50 8,000 Hudson River RR.,"3d_ mort “TR hig 736 | 4,000 Col., Piqua and Ind. RR 1st mort, 5,000 Memphis City 6’, 1880... 80 | equipment is $4,856,370 84, 1,000 Town of Portland(Saudusky City), convertible into stock of Cleve The transactions at the Assistant Proasurer’s office today were as foliow $97,005 00 Balance.. leints vena The warrants entered at the Treasury Depart ment, Washington, on the 27th inst,, were: $109 465 75 28,006 5 For paying treasury debts For the customs For covering into the treasury from mincelia laneour sources...... 50 04 For the War Department 10,273 27 For repaying in the War Department. 4,978 27 Vor the laterloe Department +» 9,895 41 We learn that the losses sustained by the Atlantic Mutual Insurance Company, during the year 1854, reached the enormous sum of four million and five buncred thoussnd dollars, which has been daly paid, lcaving sufficient surplus to pay the interest on the ecrip. There has been ar active demand for exchange, for remittarce by the packet from Boston for Liverpool to-morrow, and rates were {aily maintained. We | quote best bills on London, at 94 a 94 per cent pre- mium; on Paris, at Sf. 164 a 5f. 124. It is reported that the steamer will take out about three hundred thousand dollars in specie, principally foreign coin. By a telegraphic despatch from Halifax, we have | news by the Africa seven days later from Earope, and by 4 telegraphic despatch from New Orleans, | we have news from California eight days later by the Daniel Webster. The advices from either quar- ter are not important. From Earope we have nothing interes ing relative to tte war. The markets for our products had improved, both 1a activity and in prices, Morey was easy and copsols better , bo The total miles run during the year i+ 551 847. Tue | number of passengers cariled was 1,50% 602,004 the nomber of tons cf merchandise, $2( 060.65, The + twenty-cne old banks have increased their capital $1,206,830; thus augmenting, in the whole, the State copital $1,844,097, and which will be further increas ed by about $200,000 when the chartered capital of the new banks is all paid in. Since October, 1849, there hes been an increase tons ; Elizabetbtowa, 8,419; Runway, 5,413; New | in the circulation of $3,439,051, and an increase of Brups@ick, 11,145 ; intermediate places, 4,976. The $686,067 in specie. Ia October, 1854, the ontstand umber of miles ran by passenger, ‘rvight andother 1% circulation to specie on havd was as five ands tra'ns, was 355 656. The grove earnings of the Vermont and Mawachu- setts Railroad Company during the past year, have been $273,814 01. The total expenses of the road were $148,001 96, showing an invreuse over the ex- penses of $125,722 05, which is nearly 44 per cent on the capital st ck and more than three per cent on the capital stock and the whole debt, bonded and floating. The entire indebtedness of this company is a» follow! - $956,800 00 « 118,200 68 it of bonds issued... ‘The twenty filth annual report of the B Worcester Railroad Company gives the annexed ex- hibit of earnings ued expenditures for the year end- ing Nov. 30, 1854:. Bowron ano Receipts for passenger bed Freight . «USS. ual reote, travport’n om Charles River fi Total income..... Expenses, interest, Net earnings... The expenditures for maintenasve of way have been $162,921. The total cost of the road and is 444 miles, and it basa double treck throughout, | average rete of epeed attaine ! by express trains was } 39 mile oa hour; by @:commodation trsina 26 milea an hoor The tole! amount of fanded debt ix $425,000; amoont cf outing debt $162,553 01. The funded debt cone of bonds issued under a act of the Tagis'avure \ 1850, aathorizing the increase of the | capita! stock 6 000 shares, payable in cash or in | pay From California the sccounta do not wary matorially | from those received by the previous steamers. The Star of the Weat from San Juan is on her way to thia port with about $900 000 in guld. This makes the shipment $2,000,000 from 6aa Francisco for the first two weeksof Je nuary, 1856. The Commissioners of the Cane! Fund of this State invite bids until the 22d of February next, for cne million dollars of six per cent canal enlargement bonds. The interest on these bonds is payable quarterly, and the principal ia reimbursable on the ist of January, 1873. Ten per cent is to be paid on the acceptance of the bid, and the remainder on the Ist of March, when interest will commence on tre joan, but the morey will be received and scrip issued ut any time before the Ist of March, if desired, after the award of the loan is made. Bide will be re ceived for any pert of the loan sot lens than five thevsend dollera, | quinng weekly statements from the city banks, pro viding for the tall resort of the liabilities and re~ sources of the banks, and for greater acouva y in their publication. This last proviso stirs the bile of our neighbor, who is exceedingly unemy at tre proepect of being deprived of the anng little pick ings derived from advertising thes: reporta. We do pet much wonder at thir, bot it is difficult to see why the Legivlatare should o moel the banks to vay #2 600 to $3,000 per axnam for publuhing as adver. Veements matters which all the pavers are glad to publish in @ much more convesient form, for the in formstion of thelr readers, and without any compen: mation shatever, The talrular statement is the only one ever referred to by ‘he putilc, and the progowd anecdment merely provides that this sball be ofl cially made, tod sworn to by a person selectei by ibe Superis tendeot of the Bank Dévartamnt, instend of delng made an now, without the sanction of the law, and with DO gusrnstee as to ite correctonsy. We do not see how any ruasovebly person can objet to thin—ond, indeed, we hear of no objection execoyt from tone whome oppeeltion fe eumly wads retoo!. lt w certainly very uspleasant to be deprived of there little pe quieiies, but we advive our friead to take it coolly, for we think it qeite nallkely that ite angry viruleece wt the backs, and the aaofending mansgere! (he Clearing House, will eter the Lega lature from eractiog wist is obviously « broeficial ar bigh'y desirable amendment to the present ine. ‘The es:aings and expendRates of the New Jersey | P bonds, an’ making the capita) nve mth 100,000 issued pe yabie in 1861, and $325 000 bea onvertle due into evock at par, at the pleasure of the tolder. There are no mortgages on the road, or any proper ty 0° the coi tion. The average rate of iaverest paid durin year ie six perceat. he floating debt includes $101,251 68 for unpaid dividends, the ee balances with connecting roads, aod toils, A’ com with previous years, toe earnings show an increase of $65,675 11. The cor- oration has an excess «f means over the amount required to pay the fanted and fimiag debt of $77,996 45, consistiog of cuh, notes aod bills re- ceivable, and stock. 1; nas aiso, working stock of the road, $166 631 68, and land not used for rail- toad purpones, $248,521 77. DIVIDENDA. 34g per cent paid July, 1864 % per cent payable Jan , 1806.... For imterest.......... sovee 908,712 16 Surplus and dividend this account claims with connecting roads..,...,....... 08,088 22 -— $40,869 37 Total rurplos.... $247,492 9T Leen charged to depreciation of engines . 1,025 00 -—————9184,467 07 With regard to the necessity fur an increwe of , charg 6, the report payer: — Among the lessons taught b working roads, is the uecessi'y of advanced charges for tivn. There can be no doubt that higher rates J lee to the #10ck bol s We have made an advance of our f uring the year, and renilze ite ff In some parte of the bust iT It should be Ituate4; and tte that end vance the rate leularly is anon tek ete for short dustances A stl stronger case of necessity for increased charges in found in fremhts, We have twice within the year re vised and increased our (reigh' charges. There are #till two cleases of freight requiting fort several lines in competition fer the Weat ts the charges | in many canes below © ‘The effect J nes by increase! ment in y class of umprofitable bust en transportation of freight. It has been found that high rates for short distances cannot be malotained «gsinet Wagons, a* much of the ost of handlins and trarunge at the ‘pansit be saved by the latter, Hat rail learn to dispense with » buxiness that will rohit amt it will be foun ately recesses ty to make material advances in the rntex of that lace | Of Durineys An smexdment has been proposed to the law re- | The Keston Traveller of the 20.5 inet. eqpa:— The Board of Man: it Of the Ao smachaut neole tion for the Soppreenen of Coumterfelting have jut le soed their annua) feport, from whien we learn thet there are now 27) taoke belonging an increase of FIT eet anwon! menting the se, 128 wre ft Me Ware im the New Eng lend Ptater, 2 are in Ni wed! the Hank of Qua ort wets apn t wmeng tun lm formet in and bas elected epeetity @ formal orgeninate tanks of Ponneyivanis, New Jereey aw ait the Den The repert proses speak of the euceeme attending A 8000 for the teuee of engravers of places for ae tor alierieg the + . vieted and seriemerd for witeritg laimirably. Froe waty four pereom mary Le % wore Oe te Witerd Clevo, o (ameta, who hae leew the bu inree Of mantec tering ond coll'ng at wiolersle cvunterfet ‘eek notes for ‘rom thirty to forty years, sod le colmeted to be worth trom OB, 14 30 | The length of the road | ' she increased cost of * « the short and 900 mate of He NNO, When saresvet be of tte. cask. lL CC LLL" eee balfto one. The paper currency of Maine and al the other New England States is based upom a de- gree of public confidence greater than thet of any other section of the world, and it ts entirely that confidence which sustains and preserves {t. It baa no other besis, and if bill holders should be seized with panic, there is not a bank in the six New England States, in city or country, that would stand arunone hour. Notwithstanding tuis, the com- missioners of Maine, in speaking of the banks of that State, say:— “Our bapkw were never more deserving of the coa- fidence of the public then at the presout time. While ® panic in money matters prevails to a considerable extent in many places, our banks go steadily om, hardly feeling any pressure or interruption of their ordinary business; and though their loaas and cirea- lution ere large, their paper is well secured, and they have provided liberslly for tho redemption of their vilis in Boston, bisides hoiding a la:ge amount of spect in their vaults,” 200 0 Erie bee of do. 000 do... 12 she Bk of Amer 16 Di & Ha Canal Co 1114 100 0 ry . ny 60 aS 4 1 400 6 Bk of Commerce. 104% 200 & BO. eeceee 10 100 16 BO... ccree WAM 50 Penn CoalCo..., 104 160 26 Continental Bawk 983 400 0 do * Sd 60 Harlem RR 100 Canton 2h so 150 do ws 160 Nie Transit Co Oo 100 100 676 Heading Kit, wo Oise «144 100 Hudaow RRR DMO 8 o do.,,.,,,0i wn do. *. 100 Mict Cen fit. bad do.. do, a 4 to 10 » do . 126 216 1 Gan Beit ay 1o Sixth Ay Mit wm bs 30m Ob 40 606 BROOND BOARD. $6000 Virginia O's, Vig 10 abe CYC ACR of 1000 Missourl O'«... GING 100% ¥ Cen fit #9) 10000 do so. 92 100 Keke RK “ 2000 Il Co HK de, MO fo, ~ 7000 Krie le of ‘7b. 80 do... oe 26 she Metropol Pk 100%, 100 ao bm 408 100 Panama Kit..b90 07 = 200 do... 46 100 do boo 109 do a am 160 Canton Co...... 200 Harlem KR... 40 Cum Coal mm 80.6. I WONG wa 100 do... WO at 100 * % 100 Resting RE...., 72 100 bao «200 40... WhO 72 “w 0 ey BO Bevccceeee as 160 Beng CITY TRADE REPORT. ToRDAT, Jéo, 18 Asuva.—100 bbls. pote were sold oh 99 t8 0-00 76. r7n.—Bafore the Bews per Afrien waa received, V4 Gemand for common Btate for ox fisgaer. wireight to geod We ashi wf final) wn duty paid. te chovee, and $19 2 for taney Mead and rye flour were onchange’, Wheat—fales of 3,000 beshele ondian white, duty paid. at 0215. 1000 Mich gan were at 02 40, and 0 bite Southern at $4 22, Core, before the The sales invladed about 25,000 bush- for Routhern yellow, and ¥1¢. & Oe. for wae beld at Gea 8! at Oe a Me. Rye wae quiet ot wot demand, wt ble. & be. for poe for Chicago WO» 200 bogs Kio were made at OMe, to iye , tx monte Cortes. —The w emoun ‘ranepred —tales of 200 boxes Ory resins were mate ot 226, which wae lower, and 2H) dn. wet dry, 10 aif boxes sob! ot 6195 (Ary,) and @o at 19s. rian — Bales were wtesty to English porte. The chief ebipme ound of yrovisiens To shout 100/81 200 boxes bacon were taken 0 packages lars at lls, 64. 0 bbie 04 180 trees beet at de. Gh, ond 100 bales wtton ob 44 To london, eogagements were light, st unchanged tates To Vawre, rates ware steaty at yevterday’s quo. tations § To leemen, 16 b A coten wee eugnges at Tie A There was no alteration to nother ln rates tor Calfore be on Avetraba é Hat tales of 6 6 0 bales were reportet ot Mee th Pranll sales feotch pe wore making ot O71, 0 —Hales of 120 tone Mt Dowingy were mate py ©) le eral alee ihe 119 Wile eplrite wpimy order, ah te: 1000 tke, 10 ead 1,00 do at BL Th im omcke eee, per 110 Ihe, delivered Or Mederate' sales of nee’ were making ot We: £ «1 ohh raten, 100 oble, nwa ah gold o! Aapiayed \nereaems activity Abew 10 & 1000 tke, of $12, nat new mess aod prime a & vely There one @ 8 berow eee lone mmdties of 7 a ee el eng mide, or were wetl on privste terme, 0) for 08 peer — ate” A ~'end; ont th bee. tied heme sete at t Mhewhiewe were ot bee 0 &. ‘eof was ip (on Gomend © th salen of 10) & 400 bois and Levers at Gnehemget prinee Last “alee of M0 kage Sgt mate BLO, sat Me DO bee ot Fhe. Ie Ky Papell oy 8 were mate ot $5 Tha 64 b0 fru —faleel 3100 mats of canein vere wale ot he, WO days Vane. Brose — The market wae quiet, with slvr of 1000209 hte. New Orivans, pert st be A cargo of Gee rep, {rom the south shée of Cube, arrivei, but had pt been tie faiee of 10 090 the were mute at ID igo EET — Males of U9 bole Mate were mate at Dredge wos conan! ot says ¥80.