The New York Herald Newspaper, June 20, 1855, Page 6

Tie conques, or by private, conquest—he eaid that the ‘iret bad failed bopeleest9; that tho second would be bar ee aE Hi I z j back to found again within the ji of Coe oe pobe A. Campdell, of the worthy of notice. We cepy the Jackson Mississippian, of June 1.) jtman reached th» capital em Monday. e ssprepmmenhet pag wae the depot a large ieens, eager ty their respect for y hae perilled his life in defeass of his country, as an ardent and uncompromising advocate rights fae re ag one whe in various faithful in the discharge wing for their object the liberation of Cuba, Agreeably to previous notice Gem. Quitman delivered address upon the Cubaa question to a large assom- ladies and atthe tative hall evening. He recapitulated with much ‘inp of the establishment ase quee! asa affectiag the destiny of the verted to his jom wi comection with the Tamed Cuben expecition, and censured the action of the federal ‘touching the ent ‘We will remark that, while o strong current of sympa- thy pervades this part of the country towards that expe- ait there are few uninfuenced oy p:rsonal or partisan ‘who are prepared to find fault with the Pierce, Anarient friead of the ac. as Minister to Spain Mr. with reference to that measure. While the war- like expedition was in the cess Of formation—while marked “ ial’? were strangely enough with elaborste details of the plana cam hile the whole land almost Meceny tis male these in ion; wi were in progress, thes ‘and of Ouben independence, Mc. Sii- dell, moved in the United States Seuste the repes! of the meutrality law, with the express purpose of the President from his swore obligation to ¢: against the expeaition. The measure was warml cated by the newspaper, and the favor of the administratioa. fl ; & save a fe i adve- was known to meet The attempt failed. jority the Seaate refused to sanction the shee the President no other alter- A second attempt was made by Senator Brown, of this ‘Btate, to effect the repral of this law, near the close of ‘the second session of the last ; bat it met with even less encouragement than movement of Mr. Therefore, if bleme attaches te any braach of itive slave law. He has no au- artes or propriety of ls wich are spreea befoce hla 4 or we are 6; rs i bus guidance on the statute books. Affairs in Kansas. [From the Washington Union, June 19. We publish below a series of papers in relation to th affairs im the Territory of Kangas, The letier of Gover nor Reeder to Comm! r Manypenny, and the repl; 4o it, have already been made putite by Governor Heed er; the other documents Lewy | to the same question Dut are sew published for the first time, copies having been obtained by us for this purpose from the prope ib in order’ to prevent aay mlsapgrehension fa zea te ino: any misappre! ‘to the true tate of. which are of and tothe wi country. sion to say that we see no cauge to tion of the public peace in Kansas ui it sidents should be interfered with in the conduct of the blic affairs of the Territory, If any persons have Eoretotore interfered, (which, in our mind, does mot ad- mit of doubt,) either to control the votes moans of ized societies in other States, or actually to vote in the Territory without the lawful qualification of resi- Coen or to bab pd the qualified voters, fee Aeron ve perpetrated a grots wrong as against ~ the interests of the bows fide settlers of Kansas, whick See and will receive, the reprobation of all right- men. Governor Reeder, prior to hie late visit to his former ‘home in Pennsylvania, had officially canvassed the re- ‘turns of the electors, and had given certificates of elec- ‘tion to some two-thirds of members elest of the ‘Territoriel Council and House of Representatives, aud had issued bis tium for convening the Legisla- tive Assembly at Pawnee oy in July next, which will pom gs the organization the Territorial govern- ment W. L, MAROY, KaQ., TO GOVERNOR REEDER. Department oF State, Wasuinoton, June 11, 1855. Sm—I am directed by the President to inform you that ‘with the deyelopements before him im reference to pur- chases of Kansas half-breed reservations mie by you in the Territory of Kansas, and in which, as you tate, Indges Jobnston and Elmore, of the Supreme Court of the Tersitory, and Mr. Isaacs, the District Attorney, par- ticipated, and im reference aiso to other speculations by you in lands of the Territory, apparently in violation of acts of Congress and of regulations of the department, he feels embarracsed to see how, consistently with his eonvictions of duty, he can allow the present official relation to the Territory of yourself or of either of the other gentlemen named to continue, unless the impres- sions which now rest upon his mind shail be removed by satisfactory Mes = yee ‘The President will, however, be glad to receive and consider any ‘explantions which you may desire to make in regard to the character snd extent of the transac- spoken of in the istter ‘otc. Clarke, Yadiao, a dated May 8, 1856, and addressed to the ‘Bay tendent of Indian 6 for Kansas, a sh was for- AY of wh! — Teed at Easton Ne Shay pannel vs ‘am, air, very respectfully, your o servant, Ho aes Rex! I a ae as a. . care of Jo! jarveyor, ko. clty of New Yorks x we GOV. REEDER TO W. L. MARCY, ESQ. New Yorx, June 13, 1956, Sm—Your letter of the 11th, postmarked the 12th, Sight, after {hadmnace all’ oy ‘arrangeneta vo loore ai er mace all my ve fot Kenase at six o'clock this morning. I could not remain at home to reply fally to the com- munication without gross neglect of my official duties, and it is equelly clear that ive to the grave matters it contains the deliberate which they re- quire while I am en route day and Nothiag is left me, therefore, butto Brocwed to the Territory, and BB hte eg ig there. I wrote to the Pro. it yesterday from Easton, and must 6x; e Ancg your communication was not Very respectfully, your hata ret enen. Hon. W. L. Manor, Secretary of State, Washington. ATTORNEY GENERAL CUSHIVG TO THE ATTORNEY AND 4880- \TTORNEY GENERAL'S OFFICE, be Brm—I am directed by the President to inform you that Governor Reeder, of | my re- at en ear. ins letter from » the Territory of Kansas, to the Commissioner of Iadiaa Affairs, to which his attention has been called by a letter of G W. Clarke, Indian dag deeomee yt to the Superintendeat of Indian sabeedoe Sobrent cena poe tracts the purchase of lands o¢ ene - od te. There conteacts for wake, made in the pame of Judge Jonnston, a) : " fat 5 it was well ua- were equal interested. There © transactions being 4} in acts of Congrene and of fegtlations of tue aioe omy ot the President feels embarrassed to see how, consistent; with his convictions of duty, be can allow the present of- peg By ond) mn AE yourself, or of either 10. other gentlemen named, to continue, unless Senpressions wlich wow reatepee is mind tual co a at ved wt bey a ph s ortwo jw! Soudan, ‘One who heard of the isquiry ava “oterea recom NEW YORK HERALD, WEDNESDAY, JUNE 20, 1855.-- > Rg fe i any soocertent eas. A close st however, shows line of uprights at each whict mark the shelving Pe ee eet then one can perceive that the object before us is really intenved for a ship on the bavksef the river Thames, witn s Oe ee Se Ao St Seearion Zenit on the , it is not easy to form a just conception of this call Loviatham.’ It ts ‘being built by S.gtt, Russell & Company, from designs by Mr. he engincer, Pe aw rctey ce ee wreloeniabed a We Tomi our reacers the Royal Albert line-of battle ship, of ene hundred aed twenty guas, is 40: ‘andor four thoueand toms, and about two huaired and tweaty foot that the Simla sad Himals; tons ca of our larges' of war. and she leagta of the largest steamship afloat. will bave frequently heard discussions as te the relative merits of paddies end screws. Im the Leviathan the screw will be crmbined with wegen worked by engines Lrcomre.'4 of two thoussad six hun. dred horse but in reality capable of being worked snd horse Pro guard bei contemp! fixing the great alze of the Leviathan, its projector believes that he bas obtained the elements of a speed hitherto unkaowa in -golmg steamers. It is confidently predicted that pase thréag water at an average speed, weathers, of fliteem knots an heur, ues smaller power to tonnage than ordinar; is now re- jpeed of most if no miles an hour averaged from land to land would take the Leviathan to the |S oechewny AD about thirty two days. This can only be accompiished, even at t! bey dod speed, by avoiding all stoppages for coal, which, detsining a ship many deysin the different ports, car- ries her a» great distance out of the direct steaming A of hi eapacity can 12,000 tons of Lae Ripa itis stated, for bec on On the outward and homeward voyages. till be left for 6,000 tons of cargo, the massive machinery, and 4,000 passengers, with their luggage, ure. and ali necessary stores for The advantage of it ia two-fold, Be- sides avoidance of stoppages for coaling on the voy- the ‘the ship earns all the ht which must otherwise fer the conveyance of ta, which, on three-fourths of on one voyage, would amount to homuente Barca te for the great loss of weight in com, e great loss ef w caused by all this enormous pata sepreteg ef fuel, and to maintain an eqnal immersion of the paddies, the coal will, toa certain extent, be replaced by water’ pumped inte the water-tight compsrtments forming the skin of the ship, and of which we shall presently have occasion to . Im addition to this arrangement, the paddies have been so adjusted on the wheels as to be as efficient at ore draught of water as at anotuer. It is impossible te judge “of the future fimish or ac- commodat of such a gigantic ship as the Leviathan aa the it state of the fron hull. Immense di- annum. We inspected & model of this ship in wood, could scarcely believe that the unsightly mass of tes, rivets and joints; just beheld, could y hty ponsible. ingenuity, | be wrought inte any so beautifully symmetrical as the long arrow-like little craft before us, taperi of as sbarply as a woodmaa’s hatchet or a Thames whose From that meel we were on. abled te understand where the engines, coals, stores and cargo would be |, and moreover where the two thousand first cl passengers would be berthed in their five hundred etate cabina, aad where the two thou- fand second class and steerage. pansongers vould be si without nearly os maak crowding as in an or wenger or emigrant ship. Lange indeed suet that steamer bo which oan e main deck saloon sixty feet in le width, and fifteen feet in. height, with @ second class aloon only twenty feet shorter, and a foot or two less im height. The Leviathan has ‘there, and they appear but small compartments of the huge interior. It weuld prove a fortunate circumstance for cur mili- tary authorities, who are so mach io want of steam transports to the seat of war, if this monater ship were ready for sea at the it moment. There are just now two divisions of the French of tem thousand men each, ready to be conveyed to the scenes of their future operations. the Levisthen, with just sufficient fuel for 80 short a Mg Si] could take on board one ef those divisions entire, horses, fodder, artillery and with ee fs, in tho Crimea; could ret it per arrangements, 8; CO ore, and carry the ‘secoud of those small armies; and could arrive back at Marseilles for the second time within ome month from her first starting. fieh to beeen sienna it t higse vit fen 0 convey an en: at o cavalry from Bombay to the Crimes, by way of the RedSes and Egypt, fnaveut two monthe, Hf Yoo caleulations as, to th of the Leviathan are correct—which more learned heads than ours declare them to be—then the iron ship ld bave conveyed at least balf a dozen regiments of yet from Bombay to Balaklava, by way of Cape of Hopeand the Straits of Gibraltar, in two-thirds of the time, and not much greater cost than was required for e one conveyed throug’ pt. find the'old system ot ship. Waildlag. ati prevailed with regard to sea-going steamers—had our shipwrights worked om the woolen wall iple instead of te and rivet method—we would never have possessed such poble steamships as are owoed by Our large commercial companies, it is thet the Leviathan could mot have been builten the wooden . The mightiest giants of Indian forests, of fabulous age, in countless numbers, would not have sufficed to produce a ship of balf her size, Strength enough could not have been ob- tained with the most — masses of timber-work, braced as they might have been with tron and copper, to bave floated so mighty s losd of cargo, machinery aad living beings. Yet the monster of which we are now speating—so new in ite various appliances of i ‘The secret of thé great strength attained by this com- paratively small amount of metal is in the peculiar structure of the hull. It {a built throughout im distinct compartments, on the iple of the Britannia Tabular Bridge, and when fini: will be in fact a huge tuba The iple of that structure need not here pon. It will suffice to explain that the whole of this vessel will be divided into ten hage water-tight compartments, by means of irom plate bulkheads carried up to the up; leox, thereby far above the water line, In addition to this great safeguard against accident, the whole length of the ship, except whore she tapers off at either end, is protected by a double skin of metal plating, the outer ove being distant three feet from the interior, These double tubular sides are car- ried too far above the ceepest water mark, and inas- much as the traverse bulkheads extend to the outer of there skins, they are divided into many water-tight sub- divisions, any one or two of which, though torn or tured, and tiled with water, would not affect the buoy- ancy or safety of the ship. Besides the great transverse divisions before alluded to, there are two enormously strong longitudinal bulk- heads of iron running from stem to stern, each forty feet from the inner skin, and carried to the upper deck, adding greatly to the selidity and asfety of the vearel. The maim compertments thus formed by the bulkheads have a means of communication by fron sliding coors near the top, easily and effectually closed in time of need. Iq this way not only are th mort exposed portions of the sbip double skinned, bu the body is cut up intoa t number of very large bet pe distinet fire and waterproof compartments, formin rhip. One of the most terrible calamities that can befal a vessel at sea is undoubtedly « fire. The irom water tight bulkheads would seem to that destractive element sufficiently; bot, in order make assurance doubly eure, the butlers are experimenting with a view be emg Ps only prepared uninflammable wood for the inter Such is the Leviathan. She is to be launched, anitke any other ship, brosdsi to the water by means of hy- éreulic power, end early next spring is expected make a trial trip to the United States and buck ia leas than a fortnight. In contemplating this Brobdi vesee] cur stall acqusintance with ti J ‘taatlee, dwarfs down to Lilliputian insignificance. fore reach- ing the Isle of Doge we had imagined we had possessed some acquaintance witb ship building and marine eagi- neering. One of the Levisthan’s cylinders was sufficient to extinguish our pretensions. Martine Court. Before Hom. Judge McCarthy. A REWARD NOT BOUGHT FOR. Jonn 17.— David R. Quick vs. John 7, Harding. —This ‘was an action for sesault and battery committed om de fendant in plaintiff's shop last March. Defendant is * carver. Laat winter a robbery was committe’ om his ay and Oy of wy bay bier him, ie subseg' red a reward for recovery. ‘The plaints Brother who is a machinist, was ins recond hand store in the Bowery, and there ra the l@. He gave the information to his brother, (plain- iff,) and toid him to and would divide it, curred, during which nd other a injuries. was the sor, and got mo more than 4, Tod that be (tts defentent) war the tajered pocty’ (oP Phang thought olfferen: c for $200 to cover the pl intiff got a psir of inaivts thet plaintit Judge Firarm Warner bas received the damoaratia seomication for Congress in the Fourth Ate g'*; sad Hoa, pba A, Lampkin, in the Firey, TO THE EDITOX OF THH HRRALD. New Your, Jums 10, 1855, Is your report ef the speeches waite last ovening at the ‘Know Notving mess mectiag ” in the Park, I find the rame of the Hen. F. P. Staaten, of Tennssses, ia- troduced as one of the speakers upse that occasion. 1 beg te state that the Hom F. P. Stanton was aot Present at the “gathering im tie Park’ last eveniag, and Consequently did mot make tho “Kaew Nothing’ epesch upjusily attribated to him is your report, aad further, I take the liberty to express my fira bolief that the po- litical principles ef Mr. Stratton ore as remote from “Kaew & om," as was be himeolf from New York city at the time of the sforeraid ~gathoring,’ can state, conidently, that sir. Stantea not within two hundred and aity miles of New York at the tims the ner Nothing mass meoting’’ was being held ia the rk, New, Bir, as Mr. Stanton’s mal amd ‘political friend, L hasten to correct the error in your report, which might otherwise inflict upou hin great political ‘injustice. Please publish the ade nd oblige, pemereleeny, VERITAS, Theatres and Exhibitions. ACADEMY oF Muxi0.—Thureday evening, the Opere troupe will give, for the time, Bail of « Norma’’—Madame La ¢ for her great vocal eciemce) as No! Adalgira, Pollle by Signor Mirate, r y rini, If this cast cannet call together the love: splendid vocal ability, we Knew not what caa. Those who love melody ia its re ined character, should ge to the Academy curing the few mights the La Gramge company will sppear, Nuwio’s Garpan.— The third representation of Balfe’s Desutiful opera, emtitied the ‘Daughter ef St. Mark,’’ will be given this evening. To those who have beem pre- nent at its fret production, it is scarcely ascessary to aay they bave been well pleased. Miss Louisa Pyne, who ia evidently one of the mest Amished vocalists, has shown that wherever sho is placed, evem inthe most difficult role, ehe ia fectly at homs. Niblo bas 4) aothing te produce opera effectively. Let the lovers of mu- sic testify the fact by extensive patronage. Bowsxy TumaTar.—aAt the east side of the city, we know of mo place where am eveming can be whiled away with more pleasure. Mr. Waldron is untiring im his te piace the old Bowery without compotition. It is the best and most properly regulated theatre a! easterm side of the city. Hebas hed the French and Spanish dancers performing there for the tast fortnight, endeavoring to afford everything ef refinement for his patrons at @ great expense, and he sheuld receive his ra ward. To-night, R. Johaston’s bomoit takes place. Let him bave a bumper. Buxton’s TueaTRR2—The benefit of an actor who is one of the ‘teat favorites in New York, takes piace tonight—Mr. G. Holiand. Those who remember the old Olympic wil! not forget him. The piscon selected ara the dramaof ‘All That Glitters Not Gold,'’ Messrs Kédy, HcUand. Bland and Mrs. Frost im the leading cha- racters; “Nipped im the Gud’? will follow, and the amusements will close with the ‘Wido: Vistioa,"” Chapfrau and Miss Albertine in the principal parts. WALLAcK’g THRATRE —The German Opera company wil appear on Friday evening in Donisetti’s selebrated opera of “The Child of the Regiment,” whem Mad, D’Or- my, assisted by several artists of great vocal celebrity, re ‘and give, as they have already dome in ano- ther place of amu ement in this city, a proof of their splepdid vocal acience. No deubt the Garman commu- nity will sustain them by ® patronage commensurate with the'r talent. Woon’s MineTRRis are «'ra wing full houses every night <-Bproof that negro minstrelsy is atill in the ascendant, “Black Blunders’? is annonaced for this evening. BUCKLEY’s SERENADERA.—This company wi!) leave for & short time after this week, in order to gain health in the provinces. They announce for this evening a bill of great attraction. The burlesque opera of ‘Sonnam- bula,”’ with s great variety of vocal and instrumental performances. Pmanan’s MinstRers,.—Still the numbers will ge to see the great burlesque ‘Baby Show,’ which wiil excite more intrinsic amusement than the reality, Besides, there will be » performance of great variety, both vocal and ins‘rumental. Mernopourran THeaTRe.—The benefit of Miss Mary Agnes comes off to-night. She is a young Aterican act- eas, and it is hoped her friends will rally on tae ove: sion: The pieces selected are ‘Much Ado About No- im which Dyott, Howard, Nortom, Miss Mary Agneh, Mrs, Syiveater, ad Alas E. Morant will appear. ‘The Love Chace” will fellow, with Dyott, Miss Mary Agnes and Mrs, Vernon will fll the priucipal characters, Meza, J. C. Frost announces her benefit for Thursday evening, st Burto’s. Mrs, Frost is a young American ot marked ability, and thie is her firat appeal to the public in her native city. ‘Tak Orrra tx Bostox.—The LaGrange begion gave “Norma,” and the last sot of -Lucia’ at tl joatoa theatre om Monday. very went was taken, The con- certs during the week were not pecuniarily saccosafal. Jouyston’s TastiMoniaL.—Remember this affair takes place to morrow evening, and that from the dramatic arrangements it will be s splendid affair. Isapona CraRKe, the America prims donne, will make a flying visit to Yonkers, where she will sing this eve: ing, by invitation of = committee of ladles and gentie- wen, She will be assisted by artista of vocal celebrity, ConTINENTAL HALL, CORNER OF FiGHTH AVvENUE.—Sadg- wick and compsny give their en‘ertaiament called “Crotchets and Quavers,”’ every evening this week. fcameae Md THe Fiviscsrseine Magno This vessel, recently carried inte Mobile by the cutter McClelland, for being concerned im flibustering, is a forfeit, uader the revenue laws of the United States, wita all her cargo—8,000 rifles, 1,800 Colt’s revolvers,'1,000 pound: fixed ammunition, @ brass field patterns ne ® larg: papery of ether military stores. The 3d section of act of April 20, 1818, provides that o vessel leaving a of the United St as she left New York, with a fraudulent clearance as to her cargo, and om such an rend or bare eee with her 10, be forfeited, one- half to go to the iaformer; ani these concerned’ with her are liable also tos fine of $10, (4 case we presume ‘ecretary of the Treasury is be party causing her to be takem (ato the custody of the revenue officers in the district of Mobile. it is mot believed in this city that she was in the service of the Cuba Jun’ all ; Nicaragua is thought, on very reasonable nds, indeed, to have been her destina- tion, notwithatanding the protestations to the contrary. —Washington paper, June 18. fINANCIAL AND COMMERCIAL. MONEY MARKEY, Tourspar, June 19—6 P. M. ‘The stock ma:ket opened exceedingly bucyant this morning. A very heavy amount of business was transacted, and the upward movement appears ta gain strength as prices become inflated. At the first board Missouri 6's advanced 4 per cent; Cali fornia 7's, 3; Erie bonds, 1875, 3; Llinois Central struction, 3; New York Central 7’s, 4; Ohio Life and Trust, ‘umberland Coal, 4; New York Cen- tral Railroad, 3; Harlem, 2; Erie Railroad, 4; Reading Railroad, 1; Hudson Reilroad 24; Michigan South” erp, 2; Cleveland and Pittsburg, 43; Cleveland and Toledo, 4; Ohieago and Rock Island, 2. There was quite an excitement to-day in New York Central etock. The large sales at auction gave an impetus to the market, and prices were up above par. At the board there was considerable activity, at an ad- vance. Erie and Reading were in demand to-day at better prices. Of! the latter cash stock was plenty. Hudson Railroad bes advanced rapidiy within the past day or two, On Satarday there were sales at 39 per cent, and it sold to-day at 43 per cent. This rise bas not brought out much stock. Western rail- road stocks do not seem to make any panse in their expansion. Cleveland and Pittsburg eold a few days since at forty-five per cent. Sales to-day were made at fifty-five. Even this enormous advance has not induced many holders to realize. Railroad bonds were freely taken today at better prices. I- linois Central constraction and free land, amount ing to $160,000, sold at the first board at an advance of about three-quarters per cent all round. Most of the purchases were for cash. Erie, Hudson River and New York Central bonds composed other pur chases to-day, all stan advance. The speculative excitement existing at the Stock Exchange has brought ont some mew stocks. We notice to-day a email cale of Branywick City Land Company. Taere is, pertapa, no railroad stock on the list possessing #0 wide # margin for an improvement as Erie, and we believe that @ good portion of that margin wil be covered before many months. In view of its po sition avd prospects it is unwarrantably depremed It ie at this moment selling for only about ove-hal 6 much as Orntral, and if there is in reality thet difference in their value we have not yet been able to discover it. Alter the adjournment of the board this morn- ing, the following bonds and stocks were sold at auction, by Simeon Draper, om account of the trustees of the iate Utica and Schenectady Raiiroad |. RR subso’n 6's, int. added.86% 08736 4 800 4 io. comvert’e 7's, do, —e lly 1,848 shares N.Y. Coa, RR. stock..... 90% 2 100 3-15 The following «sled were made on account of whom it may concern, and to close an estate :— $17,000 Lake Wabarh and St, Louts Railroad Int mm ' int, added. 7534 10,000 N.Y. Gen. KR. real do, 883 8.060 Memphis city . do. 69 1,060 shares N.Y, Cen 109 9-15 « 100% Mr. Nicolay sold at anction, this morsing, 29,933 ehares of the capital stook cf the Gold Hill Mining Company, forfeite i for non-payment of an assess ment of 73 cents per share levied thereon. They brongh! 74 cents to 81 por share, snhject to seid RASTA C. “(At the eoc0nd board the market was buoyaus, wat notective. LIlineis Central bonds advanced 1 “per cent; New York Centra! bonds, 4; Erie bonds, 1876, 3; New York Central B.R., 3; Chicage and Bosk Island, 15; Harlem, §; Resting closed at | prices carrent in the morning. The upward move. ment in many stocks has been too rapid, anda re- action will be the result before many days elapss, ‘The trensactions at the Assistant Treasurer's of- five to-day, were as follows: — Paid om treasury account $26,042 19 Recotvad de. : 70,105 00 | Balance do 2,824,908 60 Paid for sasay office... 1,371 60 Paid om disbursing checks 23/984 50 ‘The warrants entered at the Treasury Depart~ ment, Washington, on the 16th inst., were as fol- lows:— For the redsmption of stock $14,016 57 916 38 For the Treasury mea For the Interior Department 6,920 48 For the customs......... . 10,933 74 War warrants received and entered $83,438 26 War repay warrants received and entered 4,235 07 Co into the tressury from custom 4,664 71 Covering into treasury from misc, source: 1,149 77 The Bank of America has declared « semi-an- nua! dividend of four per cent; The Pe>ples’ Bank, three and-e-helf per cent; Michigan Southora Rail road, five per cent. The Michigan Southern Railroad Company earned in May $270,970 74, sgainst $228,377 80 for the same month last year, showing an increase of $43 692 94 im the month this year. ‘The New York Cen:ral Railroad Company earned $620,912 73 in May, this year,.against $510,820.88 for the corresponding month last, showing an in- crease of $110,091 85. A larger per cent of the re ceipts in May, this year, were from passengers, than last. ‘The rates for the transportation of freight om the New York Central Railroad have Iately been greatly reduced, to prevent its going over rival routes, which have now become numerous and ua- controllable, but not enough to comply with the aw limiting the dividends to ten per cent an- bually on the amount of capital actually expended im the construction of the same—which does not exceed fitteen millions of dollars—or to justify the suthority given to the company to “take private property for the purposes of the road upon the payment of a fair compensation.” “The eminent do- main remains in the government, or in the aggre- gate body of the people in their sovereign capacity, and they can resume the possession of private pro’ perty not only where the safety but also where the interest or convenience of the State is concerned, as where the land is wanted fora road, canal, or other public improvement.” In consideration of the exercise of thia right by railroad companies, and the grant of the franchise or privilege of making the road and taking tolls thereon, the pub- lio become entitled to the use ef it in transporting persons and property at equally reasonable and cheap rates, such as would keep the road in repair and pey the stockholders seven per cen: dividends angually ob the money actually invested by then, and itis the daty of the Legislature to maintain and enforce this right. There can be no more equi- table principle established than that which requires railroad companies to do their business om sub cheap end accommodating terms that the benefit to the public, from the use of them, may bs of sufficient importance to justify the resumption of the possession of private property, and grauting the privilege of making the road and taking tolls thereon. ‘ Vessels now convey large quantities of freight through the Welland canal, to and from the ports of Rochester, Oswego, Seckott’s Harbor and Osp3 Vincent, on Lake Ontario, and Ogdensburg and other places on the river St. Lawrence, where there are railroads running to Boston, by way of the Ogdensburg and Northern, and the Moatreal and Piattaborg Railroads, and New York by the Roches ter and Genesee Vailey, and Syracuse and Bingham ton railroads, and Philadelphia and Baltimore by the Elmira and Williamsport Railroad; and from Lake Erie it is taken by the New York city, Buffalo, Corning and New York, and New York and Erie railroads, to the city of New York. No compro mize or satisfactory or equitable arrangement of all those conflicting interests can possibly be per- manently made, as the trade and commerce of the four most populous and wealthy cities in the Union aie involved in the competition. The whole cost of all these railroads will sooner be sacrificed than un reasonable charges tolerated. Baltimore, Philedel- phia, New York and Boston, the respective railroad companies, and the places where they terminate, as wel! as the people inhabiting the intermediate, and, in fact, the whole country traversed by or having occasion to use them, are vitally interested. The Erie canal can always, however, be made to regulate the rates on such freight as does not require speedy transportation, by reducing the tolls daring about eight months of the year, which the Legislature will in future be compelied to do, from time io time, by the competition of the above named railroads, Reductions of canal tolls have heretofore repeatedly been made on account of the competition of the Baltimore and Ohio railroad, which has eight tun- nels, altogether two miles in length, and many high grades, and the Pennsylvania canals and railroads, which paea over the Alleghany mountaina on high gredes, whese until recently there were four inclin- ed planes, three half a mile each, and one three quarters of a mile in length, on the east side, and three on the west side, each half a mile in length, over which the railroad cars and cana! boats in sections on trucks, have until lately been hauled by stationary poyrer, when a circditous railroad, passing through tunnelling on which locomotive en- gines are used, was substitated, the expense of which is little, ifavy, less than the inclined planes. The range of the Alieghsny mountains extends through the Northern and Middle States,from fifty to two handred miles in breadth, nearly parallel with the Atlantic, and from fifty to one handred and thirty miles distant from it, affording no passage through it between Canads and the Tennessee river: an level as the Mobawk valley. Previous to the completion of the Erie canal in 1825, @ vast trade was carried on between Baltimore and Philadelphia and the West through Ohio on turnpike roads con- necting with the National road, which afforded to them facilities the New Yorkers did not possess, and the citizens of thoce places entertained great hopes from the extension of the National road beyond Cumberland until they were oonvinced that they could not compete with the low rates of freight om the Erie caval. And the reduced amount of the importa and exports and business of those cities subseqnent to the above year, furnish anmistekable evidence of the diversion of the business of the West to the city of New York through the Erie canal, which has continued up to the present time. And the State of Pennsylvania bea ever since been endeavoring to open comma- nications by reilroads and canals over the moun- teins to transport freight and passengers at the rates charged on the canals and railroads tn the State of New York; but many millions of doliars have been sacrificed in the business, and public works which Coat the State over thirty millions of dollars, sre now offered for sale at vevon and ehalf millions, with no prospectof getting a bayer, as the State has sank many milliens in the use of the same, and higher charges would materially lessen tho trade now car- ied on through thore chennels, which is don>tless of sufficient benefit to the inhabitauts individually to compensate for the incredible expense and loss of the State in constructing and managing the same. And now when the rivalry of that State no longer materially interferes with the business of the Can- tral Ratiroed, the above mentioned roads, recently constructed within our own State, a+ much less cost than the Central, which was originally so frail that the tracks were relaid after the pine rail and fiat ber bad been used abont six years, willeach take away 8 portion of ite freight sad passengers, at still more reduced rates. ‘The South Bey Steam Navigation Company, char- tered by the Legislature at its iste session, have Opreed their books in the villages upon the south aide of Suffolk county, Long Lalead, and about one-third of the ospital stock has alresdy besa taken: The hooks will close sbout the fourih of Jaly. It {is the imention of the company to run a line of steam ora frome Was , Suffolk county, through the Beuth Bay and to New York. It is thought the line wiil pay well, m tien» thickly populated country ee sag My ad citizens of Now York wisn to subs: it can be done within the spooled times ste =i Vail, of Islip, Suffolk county, and Austin ix, o¢ Patchogoe, are the commissioners having charge the books. The capital will be divided into shares of twenty-five dollars each. ‘be annexed sta:ement exhibits the gross and net earnings of the Philadriphis and Reading Railroad Company for the month of May, this year, compared | with the corresponding month last year :— | PHILADELPULA AND READING Rartzoap, Received from coal..... Reoetved from merchandise. Received from travel, &c. Total eernings. Tr’sportation, ro age, renewal fund, ‘and obarges 168,685 93 184,424 90 Net income fer the mo: 4+8150,795 67 $265,269 13 Do. previous five month¥’.,, 435,058 60 711,617 87 Not income six mcaths......8586,440 21 $917,008 50 Acccrding to this, the insrease in met income during the first six months of hb present fiscal ysar amounts to $390,637 23—equal to about sixty-six per cent. The gross earnings of the Morris and Essex Rail. Toat Company forthe fiscal yearending May 31> 1855, amounted to $231,115 93, and the expenditures im the same time to $125,172 98, showing = mst in- come at the close of the year of $105,942 95. Oat of this, two semi-snnual dividends, amounting to $57,876 69, and interest om debt, $18,735 10, have been paid, leaving a balance of $29,331 16, which has been added to the coatingent fund. The financia! condition of the company, on the Ist inst., was as follows:— 28,488 26,173 35 88.208 $5 $319,981 60 $449,608 03 Dr. Copatruction ..$613,156 69 estate..... 66,580 68 Cr. Capital stock. $1,047,965 , 108/800 . 87,566 27 Ime. cap. « Bond tra with N. J. Railroad 81,406 76 Wood & timber N. York freight building and herf. 16,462 26 453 96 44,035 14 Total....,..$1,684,489 67 Total... ..81,684,489 67 Subscriptions to new stock to the amount of $103,- 000 have been taken to reise funds forthe comple- tion of the Hackettstown extension. No farther steps bave been taken to extend the road west of Hackettstown, and the directors think it inexpe- dient to do so at present. Aresolution was adepted by the stockholders, requesting the directors, if they deem it expsdient, to survey a ronte for a railroad from some point on the Morris road, betweem Hackettstowm and Dover, tothe Delaware river, at or near Phillipsburg, avd entimate the coat, dc. The total receipte of the Cleveland, Columbus and Cincinnati Railrosd Company for the first five months of the prevent year, amounted to $480,626 24, ogainat $456,859 08 for the same time last year. The expensce this year in the same time were $205,552 67, being the net income of the company applicable to a dividend, at the close of the five months, $275, 078 57. Amount required to pay July dividend, about $225,000. The Canton Company of Baltimore received last seer from sales of lands, rents, &*., $48,574 81, which with the balance on hand June 1, 1854, make @ total of $69,810 62. The expenditares for the year ending May 31, 1855, were $59,697 89, which left in the treasury June 1, 1855, $10,112 73. Duriag the year there has been added to the wharf property 2,142 front feet. The Wabash Valley road will be opened ninety- three miles from Toledo to Fort Wayne on the lst of July, and twenty‘five miles further in about ten days efterwards. The Lake Superior Journal speaks in strong terms of condemnation of the tricks to which Wall street and State street speculators have resorted to fleece the publis by the sale of stocks of an imaginary value only, by means of false aud exaggerated re- ports, newspaper puffing, sham dividends, and the inflation of the stock market by the arta best known to “operators,”’on Change. Though mining opera- tions have thus been brought into discfedit, it is yet insisted that there fs s solid basis for confidence in wel] mataged mining companies; that there is no place in the known world where such rich and aban- daat deposits of copper and iron ore can be found as in the Lake Superior country; and that the suc- cees of several companies is even now astonishing, considering through what difficulties they have had to work their way. Inthe future everything isen eouraging. The receipts of the Susquehavna and Tidewater Canal from the opening of navigation to the 10th inst., amount to $74,170 67, against $59,970 50 ia the corresponding period last year, showing an in- crease of $14,200 17—near 25 per cent. We learn from the Pittsburg Gazette that the committee appointed to investigate the affairs and accounts of the Ohio and Pennsylvania Railroad Company, by the stockholders, at the meeting in January, bave completed their labors, and pab- lished the result in pamphlet form. After spending sbout two months, and examining all the transac tions of the officers fram the inception of the enter prise, the committee report that there is nothing affecting the honor integrity and fidelity of any officer of the compavy, excepting the defalcation of the late treasurer. ‘The Park Fire Insurance Company have declared semiannual dividend of five per cent. The returns of the banks of New Orleans for the week ending June 9th, compared with those for the week previous, present the annexed result :—~ Banks or New ORLEANS. June 2, June 9. Decrease. + 7,886,601 6,949,396....437,206 0,920,424 @\810,449,.. 110,015 725, 101 June 9 Total Cecrease for the week 235,414 ‘The New Orleans Crescent of the 12th tnst., saya: ‘The Bank report for the last weok exhibits « great decrease in some items It will be observed in there 18 @ decrease of $487,208 In deposite of $125,101;' in oxo ‘of $420,431; in short oan of $209,623; fp distant Yala of $282,486, great decrease : sr3Qre of a milion of aollars, ls in some mesa in the | wate anxiety caused ee, transient book: by = xisting te WO to street, depot of the West, are more or lose conse ang In ‘thea re the Beaks are con soiling 81,8005 Move, | 208%, Busk goes oven further ix private understasd, then he deems it to himeeif in his pnbils address. It is reported that Le plainly tells Texas that if the State or vegle ts to accept the provisions of the pending bY), that Congress will make direct of the money; and as such s course would be jast ard proper, we can scarcely question such @ result. Seven new banks were chartered by the Logisla- ture of Rhode Island, during the eight days’ session jvat closed, viz :— & f of ~ uthorized to inorense ameunt of their stock HE.°utter' , MK — ‘The returns of the banks of South Carolina, ._. the month cf May, give the following exhibit :— Capital stock, $14,627,218; bills incireula' 101,- 287 ; net made om hand, $1,665,000; cask daptateed tnd ‘other moneys not enumerated, $3,200,530; 04,382 288 ; notes discounted om cowl exchange, $6, 3 took, $7,842,731; ih ae suspended debt aad Soptsa stock Sbenehs been an inenansn ct Cl) im circulation there bas been a deovease of $184,000; tm | Bet profits there has beea aa of $02,108, sad | tm deponite, Ko. a decrease of $230,000; in specie & Ge- | Crease of $169,000; im notes discou! curity am locrease sf $130,000, and ia Comeatie vachamge 8 decresse of $506,000. a] of June, inclusive, during the years 1863, 65 dags, 1854, 45 days, and 1855, 45 days :— Reosirrs or — at TIDEWATER, May May 1. 301, 110,194 881,740 665,008 1,366'941 ys 206,416 48; 21.143 brary 600.465 oak ese 6,034 8,619 69,708 84,098 5,816 066 77,473 OR AIS 10,143'790 3,681,796 93, 99,60 * 87,982 101,805 Bacon’ 9,470/026 8,786,806 oc) The quantity of flour, wheat, cora and barley left at tidewater, during the second wesk in Jane, im the years 1854 and 1855, was as followa:— Flour, bola. Wheat, bu. Corte Se, Barley, bs, 383,144 143,769 834 120,934 434,062 168 Dec .,. 47,302 Deo.262,210 Inc.200,283 Dec.. 5,608 ‘The aggregate quantity of tho same articles left at tidewater from the commencement of navigation to the 14th of June, inclusive, during the yoara 1964 and 1865, was as follows: — Flour, this, *Wheat, bu. Corn, bu. Bai bu. 1864 301,603 881,740 1,866,948 "has 1865 656,005 1,284,006 3,88 +++ 122,409 Beoc,926,645 Deo. 82,883 Dec.163,184 The aggregate quaatity of the same articles lef at tidewater from the commencement of naviga- tion. ta the 14th of June, inclusive, during the years 1863 aud 1855, was ae follows:— Flour, bbls. Barley, bu. Wheat, bu. Corn, bu. ' 1863..:..554,017 864,485 «52,411 1858.....179,194 656,095 1,284,065 ee, Dee, .. 874,823 Dec.308,800 Inc.931,654 Dec. ...89, By reducing the wheat to flour, the quantity the latter left at tidewater this year, compared with the corresp nding period of laat year, shows & 208 of decrease of 187,628 barrels of flour. Stock caer, Jane 19, 1966. $5000 0 8 6%, °67... 11634 60 hu N'Y Cea RR. 90: 10000070 6's, '60.exin 10634 200 d0..,., 860: 08 3000 Tenn ¢? 98 100 do a3 11000 Virginia 6 00% 100 dk 30. 08: 300 do... BOO joe 027 bdo see ous do Ome 100 do ” 200 © do 90: 47 do 99 Ly 8000 Hud Riv 24MBs 6000 Hud Riv 34 MBs 80000 Ill Cen RR Baa. 82! 1000 e+ DBO EESEEETAS A, t+ « SBSSSSess2es8ssesss tf 300 do. 60 Fed 50 Nic Trausito .. 16 150 100 40......b80 1636 1 oa 4 60 Lit, Miami 108 10 Clev &Pitte’h RR 6836 Ue G0... 8B 1% dW asiveses 10 Clev& Tolede itt 50 dO... 080 mo 10 Cin HL 106 Mich. Cen. RR.. 26 Chic’o&R. LRR bS 20 ahs Gal & ChicRR 108 Sie SH 25 Chic& RIMRR L390 9956 560 Hudeom RiverRR 43 Fd 1000 do. 1000 TH&Allat MBs 10000 Erie Bas ot °75 200 shs Canton Co.63 RK eeseesssss CITY TRAD REPOAT, Tvgspay, June 19—6 P. M. Asnes,— Small eales pote were made at 6c. and pearls at 6c. Foon poke taatomen” cncbseae Repay about soe » Anat common tate, at $3 75 a 90 25, and Western do. do., at $9 = $9’ 75, $11 s $13 for exira Genesee. Canadian 1,000 a 1,200 bbls.) were, sold at $10 8 $11. ern was easier. Sales 900 6 1,000 bbis. at $10 68 & $11 25 for common to good, and $11 87 a $12 for fai and extra. Rye flour—200 a 800 bbls. were re 8$9. Corm mea) was nominal st $5 06 468 is with the Bank o} uisiarice, New with the State Bank, and $140,000 witvoome a. If we include the eee 4 balances ‘would exhibit a balance of $¢06,000, %. M°CEING Bi $560,000, A CHER mocking weet Senator Rusk, of Texas, has adéhing wore, Bepapkatng tae tnd the State Gazette, at Anstin, on ————— a olip. opting or rejecting the bill pan tate wien REMOVALS. ston of Congress, om the subject «gel wserat He is decidedly in favor of acco,” beees his opinion less upon the« curreR. tbe bill than apon its effect in ridda Mead & ite ¢ébt, and in disposing finally of—— hitherto interminable controversy. 17,4317 up, he says, to what the United Staf!s2' bave done, but it is the best that could v4 gov'd only be got after mach exertion. for jwality will be his aim, to com 7 BMOVAL.—Z GOMPRECHT BEGS TO ANNI Rescate Haseeno nest so anieoees Sad rr se that here be volicite a conti was a0 hls former aie ies stend, Mo mand trade, 1B WITH alt (OUT A GOOD Pal hd provisas tne