The New York Herald Newspaper, June 20, 1855, Page 7

08 pal published at Jackson also has the v:sit of General Quitman to the State, which is worthy of notice, We copy Jackson Mississippian, of Jane 1. ths capital on. Monday. 5 te the been nt E i Ea jul im the discharge of his citizens present he was wol- iremarts Bayt Wa. Ratolle, movements in : i it his comaexion United Stat ba, 48 & z i £2 i Hf be at ve recapitulated with mac! tance re the establishment | evening. | ry ae i Ee l A slave = ¥ # Feere YeA partisan who are prepared to find fault with the action of President Pierce. An arient friend of the ac. juisition of Cubs, he selected as Minister to Spain Mr. with Pigeons measure. While the war- ell, moved in the United States ouate the’ the seutrality law, with the express purpose of the President from his swore obligation to o esa left the President mo other alter- native but te enforce it. ‘The follewing section of the law of 1818 bears directly ‘the point, Eas Be suctet that no misapprehension of And be it further enacted. That if any pers terri! or jurisdiction of the Uni pag a AMT ‘une 19. We publish below a series of papers in relat aairy tm the Terr Kangas, The let! and importance to sion te say that we see no cauge to tion of the public peace in Kansas un! sidents should be interfered with in the conduct of t! blic affairs of the Terrif , If any persons hay fore interfered, (which, in our mind, does no! mit of doubt,) either to control the v. S salnte re of tou apeiatios im: thar Statne, ot’ not to vote in the Territory without the lawful qualification of resi- a or to bbe the qualified voters, such a minded 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 his proclamation for convening the Legisla- tive Assembly at Pawnee City in July next, which will com the organization the Territorial govern- ment ‘W. L, MAROY, EsQ., 7@ GOVERNOR REEDER. Durartueyt oF Stare, Wasuincton, June 11, 1855, Smr—I am directed by the President to inform you that with the developement before him im reference to pur- meas half-breed reservations made by you in the Territory of Kansas, and in which, as you state, Judy Jobnston and Elmore, of the Supreme Court of the Territory, and Mr. Isaacs, the District Attoraey, par- ticipated, and im reference ‘to other speculations by you in lands of the Territory, apparently in violation of ta of Congress and of regulations of the department, acl he feels em! sed to see convictions of duty, he can aliow 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 ‘sotisfactory explanations. 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- tions abeve referred to, and Komi spoken of in the Iptter of G. W. Clarke, ited May 8, 1856, and addressed to the Su) tendent ‘of Indian affairs for Kansas, a copy, of which Bs LE at Easton Mey proven a am, sir, very respectfully, your obedient servan' mM Re lie Sina WR . A, B. care of Jol jarveyor, &c., city of New York. . GOV. REEDER TO W. L. MAROY, ESQ. Naw Youre, June 13, 1856, Sm—Your letter of the 11th, postmarked the [2th, Ay aft Thad mace « tn rae aol ry er all my arrangements Yor Kenane at olx o'clock this morning, I could not remain at home to reply fally to the com- mupisation without gross neglect of my official duties, and it is equelly clear that I,cannot matters it containa the deliberate which they re- quire while I am en rowte day and Nothing is Joft me, therefore, butto to the Territory, and reply to your communicat there. I wrote to the Pre. ‘t yesterday from Easton, and must express my re- fi ang communication was not at an oar. respectfully, your obedient se: ae : 4H RESDER. Hon. W. L. Manor, Secretary of State, Washiagton. ATTORNEY GENERAL CUSHING TO THE ATTORNEY AND 4880- CIATE JUSTICES OF KANSAS TERRITORY. ATTORNEY GuveRat’s Orvica, June 14, 1865, by Governor 5 ths Territory of Kansas, to the Commissioner of Indian Affairs, to which his attention has been called by a letter of @ W. Clarke, Indian to the Superintendeat of Indian ive to the grave Affaires for Kansas, of the 8th ult., Governor Reeder makes the follo: observation ais oe coa- ‘tracts for the pur Of lands of -breed re- serves — There contracts were, for con’ wake, made in the name of Judge Johnston. al: rh it was woll un- derstood that Judge Elmore, Colonel and myself ‘were equally interested. These transactions being be crgeng hed violation of acts of Congress and of regulat of the the President feels embarrasse’ to see how, consistent! with his convictions of duty, be can allow the present of- ficial relations to the tory of yourself, or of eit of the other named, to continue, unless the now rest upon his mind shall be re- to receive and consiter an: =e to make ia regard cA ‘the character and extent of the transactions in question, Thave the honer to be, respectfully, — C, CUSHING: A Laciszarive Coaceman.—A gentleman of this alty, a week or two since, was inquiring for s private man, One whe heard of the isquiry and offered bis services in that capacity, mentioned an @ recom ‘mendation that he ‘‘was a member of the late General ‘Court.”’ We wer aro thet that distinguished body shad gained much yatation by ridiag inside of ve. ‘hicles, (for instance: in two omnibuses te Roxbury,) ad not supposed that any eae of {i+ members ‘thad been in the habit of occupying an outside seat As it was notorious that the car of state had of late beep managed somewhat rocklessiy, it was thought hardly rafe to trust one of its drivers with the guidance ofa privafe carriage, The offer was therefore courte- z “gllert.~ Prameriph, how, consistently with his” 20 Kind of craft. At « dis‘ance the eye is unable to detest y particular tions about it A close tion, Sowsver, showsn vine of uprights each which 1e progress of the ship. Steam will be the sole propelling Pores, ne canvas ted im thia vessel. fixing the great of the Leviathan, its projector believes that he has obtained the elements of a speed hitherto unkaowa in ecean-going steamers. It is confidemtiy predicted that Py erent eat ot Retarieiian de er anes pass water at an average speed, a knots an heur, with a smaller power to tonnage than ordi vessels now re- make ten knots, The contr: speed of most atoamers is eight knots. Eas! Steam Navigation Com- their first voynge to Australia, Milford Haven, the company’s thea 12,000 miles, of fifteen knots or tino pel ee ‘to Port Philip airy 000 tons of coals—quite sufficient, it oo outwari and homeward voyages. Still be left for 6,000 tons of Kori, ged massive machinery, and 4,000 passengers, with It luggage, fer the conveyance of ta, waich, on three-fourths of the quantity consu: on one voyage, would amount to 8 sum svfficient to build and eqaip a steamer of two or iavonkec $9 compenseta, for the great’ lonn‘et: weight fy ‘compensat e grea w caused by all this enormous consuuption ef fuel, and 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 oce draught of water as at anotuer. Tt in ima ible te judge “of the future fiaish or ac- commodation of such a gigantic ship as the Leviathan it state of the irom hull. Immense di- Teignt, with sub-compartineats et Tight asglon; epee , sub:com) K appear vide the monster fabric into a mumber of aquare ol ses, each of which would contaia au eight-roomed of Camden Towa build, or a semi- detached villa from Stockwell at forty pounds per annum. ‘We inspected » model of this ship in wood, and could scarcely believe that the unsightly mass of irom and joints, just beheld, could ry any ponsible ingenuity, be wrot inte oa one, beautifully symmetrical as the lot arrow-like little craft before us, ‘epering. oodmaa’s hatchet or wi be first class ordinary passenger or emi ship. Large indeed touat that steamer bo which can provide @ main deck saloon sixty feet aod ty im width, and fifteen feet in height, with saloon only twenty feet shorter, a1 im height. The Leviathan has 5 but small compartments of the huge in’ tary authorities, who are so much in want of steam ports to the seat of war, if this monster ship were ready for sea at the ‘¢ moment. There are just Bow two divisions of tea thousand men each, ready to be conveyed to the scenes of their future: operations. 1) an, with just sufficient fuel for a0 short @ vo: take on bosrd one ef ‘end carry the secoud A arrive back at Marseilles for the second time within ome month from her first starting. Rete gt 0 convey an en' eat o! cavalry from Bombay to the Crimea, by way of the RedSea aud Egypt, inabout two months. if the caloulations as. to the 6 of the Leviathan are correct—which more learned heads than ours declare them to be—then the iron ship could have conveyed at least balf a dozen regiments of cav: from Bombay to Balaklava, by way of Cape of Hopeand the Straits of Gibraltar, in two-thirds of the time, bec sez Liar greater Calg bed required for the one regiment conveyed throug! pt. Had the old system of ship bi g still prevatied with regard to sea- steamers—had our sbipwrights worked om the wi wall ple, instead of th Pinte and rivet method—we would never have possessed such poble steamships as are owned by Our large commercial companies, Certain it is that the Leviathan could mot have been builten the wooden system. The mightiest giants of Iadian forests, of fabulous age, in countless Lumbers, would not have sufficed to produce a ship of half her size. Strength enough could mot have been ob- tained with the most — messes of timber-work, ve been with tron and copper, to have floated so mighty s load of cargo, machinery aad living beings. Yet the monster of Bpeak new in ite various appliances of power, a0 wonéertul im its unheard-of. capacity—is composed of plates of iron lees than one inch in thickness. ‘Ihe secret of the great strength attained by this com- paratively small amount of metal is in the peculiar structure of the hull. It is built throughont in distinct compartments, on mens of the Britannia Tubular Bridge, and when finished will be in fact a buge tubu. lar ship. ‘The principle of that structure need not here be dweit upon. It will suffice to explain that the whole of this vessel will be divided into ten hage water-tight compartments, 4 means of iron plate bulkheads carried ‘up to the up; eck, thereby ing far above the water line, In addition to this great safeguard against accident, the whole length of the ship, except where she tapers off at either end, 1s protected by « double skin of metal pon ing, 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 ekins, they are divided into many water-tight sub- divisions, any one or twoof which, though torn or frac. tured, and tilled with water, would not affect the buoy- ancy Or safety of the ship. Berices the great transverse divisions before alluded to, there are two ¢ strong longitudinal bulk- ‘heads of iron running from atem to stern, each forty feet from the inner skin, and carried to the upper deck, adding greatly to the solidity and asfety of the «el, The maim compartments thus formed by bulkheads have a means of communication by iron sliding coors near the top, easily and effectually closed in time of need. Iq this way not only are all the mort exposed portions of the sbip double skinned, but the body is cut up into s great number of very large distinct fire water, proof compartments, indeed, so many colossal iron safes. If wecan ¥ {nto aay of these compartments, it might fill with water without any detriment to the rest of thip. of the most terrible calamities that can befal a vessel at sea is undoubtedly s fire. The irom water tight bulkheads would seem to kay that destractive element sufficiently; but, in order make sssurance doubly eure, the builaers are experimenting with a view te employing only prepared uninflammable wood for the interior Such is the Leviathan, She is to be launched, unlike means of hy- acy other abip, oad to the a et raw wer, 8 =F next 6 ox; os Era rip fo the inited talon and bade fn lene forta contem, is ¥ ail aoquctatauge with things nautiout éwarfe down to Lilliputian insignificance. fore reach: ing the Isle of Doge we had imagined we had ponsessed some acquaintance with ship buildiog and marine engi- neering. One of the Leviathan’s cylinders was sufficient to extinguish our pretensions. Marine Court. Before Hom. Judge McCarthy. A REWARD NOT BOUGHT FOR. Jone 17,— David R. Quick vs. John T, Harding.—This ‘was an ection for sesault and battery committed om de- fendant in plaintiff's shop last March. Defendant is * carver. Lest winter s robbery was committed on his ag and large quantity of tools taken from him, ie Offered a reward for their recovery. ‘The plaintifi’s who is « machinist, was ins tecond band store in the Bowery, and there tay the ve the information to his brother, (plain- t the reward they ly called oa the de- Bch plalati got a pete ‘of binck. eyes curred, during w! ni * inck eyes and other tijurl ‘defendant inetste thst plaiatir wan the ag: and got ne more than he deserved, apa thet Be (tte defendant) was the injured party The jury, however, thought olfiereat, and gave « verdict for indie cover the plaintiff's eyes. which we are now f,) and told him togo and woud aivie tt. Piste fendant at his shop, and Jadge Firarm Warner bas reesived the demoeratis somication for Congress in to¢ Fourth district of Geor: git; nd Higa, Joba HL, Lympkin, im the Firty, ‘The Heel Mr, Stanton, of Tennessee. TO THE KDITOX OF THH HERALD. New Yon, Juns 10, 1855, In your report of the speeches made last ovening at the Know Notvieg mens mesting ” in the Park, I fad the rame ef the Hen. F. P. Staaten, of Tenmessos, ia- troduced as one of the speakers upoe that occasion. 1 beg to state that the Hom. F.P. Stantom was sot present at the “gathering iv the Park’ last evediag, and conseqoratly did not make the ‘Knew Nothing’ eperch upjaslly etteibated te him is your roport, aad further, I take the liberty to express my fir bolief that the po litical principles of Mr. Stratton ere as remote from “Knew Nothingism,” as was be himself from New York city at the time of the sforeraid “gathoring,”’ as T can state, confidently, that sir. Stanton was not within two hundred end dity mile« of New York at the time the bras Nothing mass mocting’’ was being held im the New, Bir, as Mr. Stanton’s personal and ‘political friend, L hasten to correct the error in your report, which might otherwigs intlict upou his great political injustice. Please publish the abeve, and oblige, respectfully, VERITAS, ‘Theatres and Exhibitions. AcapEMyY oF Music.—Thursday evering, the Lagrange Opers troupe will give, for the las! time, Bsilini’s grand opera of “Norms’’—Madamo La Grauge (who is admired for her great vocal science) 24 Norma, ors Cortial sa Adalgisa, Pollle by Signor Mirate, and Oroveso by Ma- ripi, If this cast cannet call together the lovers of splemsta vocal abiity, we Knew not what esa. Those love melody im its re ined character, should ge to the Academy curing the few nights the La Graage company wll appear, Niwi0’s GaRpey.— The third representation of Bal beautiful opera, emtitied the ‘Daughter of St. Mari will be givem this eveuing. To those who have beem pre- nent at ita first preductica, it is scarcely ascessury to ‘aay they bave been well pleased. Misa Loulaa Pyne, who ia evidently one of the mest Amisbed vocalists, has shown. ‘that wherever she ia placed, evem in the most difficult Tale, abe ‘a ly at homs. Niblo bas «; nothing te produce pera effectively. Lat the lovers of mu- sic testify the fact by extensive patromags. know of no place where am ovoning with more pleature. Mr. Waldron is untiring in his the old Bowery without compotition. to alford everything e! patrons at a great expense, and hi id recelve hie ra. ward. To-night, R. Johaston’s bosoit takes place. Let him bave a bumper. Burton's THEATRR—The benefit of an actor who ia one of the ‘teat favorites in New York, takes piace tonight—Mr. G. Holland. Those who remember old Olyropic wil! not forget him. Ths pisoos solected the crameof ‘All That Glitters is Not Gold,’’ Meser: Kédy, KeLand. Bland and Mrs. Frost in the leading o! racters; “Nipped im the Gud’? will follow, and the amusements will close with the ‘Widow's Victia,”’ Chapfrau and Mise Albertine io the principal parts. WALLack’g THRATRE —The German Opera will appear on Friday evening in Donisetti’s solebra: opera of The Child of the Regiment,” whem Mad. D’Or- a A ausigted by several artists of vocal celebrity, will appear and give, as they have already done in ano- ther of amu ement im thle city, a proof of their splendid vocal science. No deubt the Garman commu- nity will sustain them by « patronage commensurate w the'r talent. Woon’s MinerREts are cirawing full houses every night —a proof that negro minstrel till in the ascendant, “Black Blunders’ is ansonaced for this evaning. BUCKLEY'S SRRENADKRA.—This company wi'l leave for a short time after this week, in order to gain health in ‘They announce for thie evening a bill tion. The burlesque opera ef ‘Sonnam- dula,” with a great variety of vocal and instrumental performances. Paanam’s MixetRers,—Still the numbers will ge to see the great burlesque ‘Baby Show,” which will excite more intri amusement than the reality, Besides, ‘there will performance of great variety, bot vocal and instrumental. batt at Repairs benefit (3 Raid Mary Agnes comes off to-night. is » young American act- Tess, and it is rosctg frignéayit rally om tbe ocea- sion, The pieces aclected sre ‘Much Ado About No- thing,’ in which Dyott, Howard, Nortow, Miss Mary Agnes, Mra, Sylvester, and Mise K, Morsat will appear, “The Love Chace?” will follow, with Dyo! lary Agnes and Mra. Vernon will fill the priucipal characters, J. . Frost at Burton’s. 5 _ marked ability, and this is her first appeal to the public in ber native city. ‘Tne Orzra 1x Bostox.—The LaGrange company gave “Norma,” and the last act of “Lucia” at the Boston theatre om Monday. Bvery seat was taken. cone certs during the week were not pecuaiarily suo JOuNSTON’S TESTIMONIAL.—Remember this adair takes place to morrow evening, and m the dramat arrangements it wil! be a splen i Tsapora CuaRkR, the American ms donus, will make é flying visit to Youker:, where .ve will aing this syen- ing, by_invitstion of a committee of ladies and gente: men. She be assisted by artists of vocal celebrity, Cowtiyents: Hitt, Conner oF FicHri Avanur.—Sadg- wick and compeny give their entertaiament called “Crotchets and Quavers,”’ every evening this week. See Toe FiviscsTsping Magnoita.—Th's vessel, recently into Mobile by the cutter McClelland, for being concerned im flibustering, is » forfeit, under the revenue laws of the United States, witu all her 000 rifles, 1,800 Colt’s revolvers, 1,000 pound: fixed ammunition, & brass field battery, ana ® larg) ‘quantity of ether military stores. The 3d section 0” act of April 20, 1818, provides that « vessel leaving a of the United Stat as she left New York, with a fraudulent clearance an to her cargo, and om such an errand an shall, with her cargo, be forfeited, one- half to go to iaformer; and these concerned’ with $10,000, In this case we ume that the Assistant of the Treasury is she 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 Junta, sa alleged Nicaragua is thought, on very reasonable a, inceed, to have been her destina- tion, notwi standing the protestations to the contrary. —Washingion paper, June 18. FINANCIAL AND COMMERCi MONKEY MARKET, Tugspar, June 19—6 P. M. ‘The stock maiket opened exceedingly bucyant this morning. A very heavy amount of business was transacted, and the upward movement appears ta gain strength as prices become infisted. Atthe first board Missouri 6’a advanced § por cent; Cali” fornia 7’s, 4; Erie bonds, 1875, 3; Llinois Central Cozetraction, 3; New York Central 7’s, 4; Ohio Life end Trust, 3; Cumberland Coal, 4; New York Cen- tra] Railroad, 3; Harlem, 3; Erie Railroad, $; Reading Railroad, 1; Hudson Railroad 24; Michigan South” ern, 2; Cleveland and Pittsburg, 42; Cleveland and Toledo, }; 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. Hadson Railroad bss advanced rapidiy within the past day or two, On Saturday 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 Piitsbarg sold 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. l- Yinoia Central constraction and free land, amount ing to $160,000, sold at the first board at au advance of about three-quarters per cent all round. Moet of the purchases were for cash. Erie, Hudson River and New York Central bonds composed other pur chases to-day, ali atan advance. The speculative excitement existing at the Stock Exchange has brought out some mew stocks, We notice to-daya email oaie of Branswick City Land Company. Tuere is, pertaps, no railroad stock on the list possessing #0 wide a margin for an improvement as Erie, and we believe that @ good portion of that margin wil be covered before many months. In viow of its po sition end prospects it is unwarrantably depremed It ie ot this moment selling for only about one-hal 6 much as Oentral, and if there is in reality that 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, on apcouat of the trustees of the late Utica and Schenectady Railroad Company :— 9208,000 N.Y Coa. RR.wubse’n 07, int, added.86% 0 8756 4 do. | 49. converte Thay do, — 8 1017 1,848 shares N, Y. Coa. RR, stock. ,...00% 100 3-10 The following sales were made on account of whom it may concern, ad to close an estate :— $17,000 Lake Erle, Wabash and St, Louis Railrowd lat int, added..76 34 10,000 N.Y, Cen do, 88) 8,060 Memphis Cy do. to 1,000 shares N.Y. Cem RR. int, added. 104 3-16 « 100%% Mr. Nicolay seld 4. auction, thie morning, 29,933 ehares of the capital stook of the Gold Hill Mining Company, forteite 1 for aou-payment of an assess meni of 73 conta per share levied thereon. They brongh! 74 cents fo $1 por share, anhjeot to said RERGREMLEL:. “At the eor0nd board the market was buoyauy, vat notective. Llineis Central bonds advanced 1 per cont; New York Centra! bonds, 4; Erie 1875, 4; New York Contral B.R., 3; Chicago and Bosk Islund, 1); Harlem, §; Reading closed at prices carrent in the morning. The upward move. ment in many stocks has been too rapid, anda re- action wilt be the rewalt before many days elspss, The trensactions at the Assistant Treasurer's of- fice to-aay, were as follows: Paid om treasury account $26,042 19 Recotved do. 70,105 00 Balance do 2,824,998 50 Paid for essay office... 1,271 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:— War repay warrants received and into the tressary from customs. Covering into treasury from misc. sources... The Bank of America has declared a semi-an- nua! dividend of four per cent; The Peoples’ Bank, three and-e-half per cent; Michigan Southera Rail: road, five per cent. The Michigan Southers Railroad Company earned in May $270,970 74, sgainst $228,377 80 for the same month last year, showing an increase of $43 5692 94 im the month this year. The New York Central 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 on the New York Central Railroad have lately been greatly reduced, to prevent iis going over rival routes, which have now become numerous and ua- controllable, but not enough to comply with the jaw limiting the dividends to ten per cent an- Dually on the amount of capital actually expended im the construction of the same—which does not exceed fitteen millions of dollara—-or to justify the puthority given to the company to “take private property for the purposes of the road upon the payment ofa fair compensation.”’ “The eminent do- main remaina in the government, or in the aggre- gate body of the people In their sovereign capacity, and they can resums 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 foraroad, canal, or other public improvement.” In consideration of the exercise of this right by railroad companies, and the grant of the franchise or privilege of meking the road and taking tolls thereon, the pub- lic become entitled to the use ef it in transporting pereons 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 on 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 princip'e established than that which requires railroad companies to do their business on 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 granting 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, Sackott’s Harbor and O3sp> Vincent, on Lake Outerio, 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 Piattaburg Railroads, and New York by the Roches ter and Genesee Valley, 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 Brie 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, Philede!- pbia, New York and Boston, the respective railroad companies, and the places where they terminate, as well 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 msde to regulate the rates on such freight as dves not require speedy transportation, by reducing the tolls daring about eight months of the year, which the Legislature will in future be compelled to do, from time to time, by the competition of the above named railroada, Reductions of canal tolls have heretofore repeatedly been made on account of the competition of the Baltimore and Ohio railroad, which has eight tun- sels, altogether two miles in length, and many high grades, and the Pennsylvania canals and railroads, which pasa over the Alleghany mountaina on high grades, where 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- ginea are used, was substituted, the expense of which is little, ifavy, less than the inclined planes. The range of the Alleghsny mountains extends throngh the Northern and Middle States,from fifty to two handred miles in breadth, nearly parallel with the Atlantic, and from fifty to one hundred and thirty miles distant from it, affording no passage throngh it between Canada and the Tennessee river: as level as the Mohawk valley. Previous to the completion of the Erie canal in 1825, @ vast trade was carried on between Baltimore and Philadelphia and the West though Ohio om turnpike roads con- necting with the National road, which afforded to them facilities the New Yorkers did not poasess, end the citizens of thoee places entertained great hopes from the extension of the National road beyond Cumberland until they wers oonvinced that they could not compete with the low rates of freight om the Erie caval. And the reduced amount of the imports and exports and buriners of those cities wubseqnent to the above year, furnish unmistakable evidence of the diversion of the business of the West to the city of New York through the Erie canal, which has continaed up to the present time. And the State of Pennsylvania hes ever since been endeavoring to open comma- nications by railroads and canals over the moun- tains 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 cost the State over thirty millions of dollars, are now offered for sale at eeven and e-half millions, with no prospectof getting a bayer, as the State kas 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 doudtless of sufficient benefit to the inhabitants individually to compensate for the incredible expense and loss of the State in constincting and managing the same. And now when the rivalry of that State no longer materially interferes with the business of the Can- tral Ratlrosd, the above mentioned roads, recently constructed within our own State, at much less cost than the Central, which was originally so frail that the tracks were relaid after the pine rail and flat bar had been used about six years, will each take away & portion of ite freight aad passengers, at still more rednced rates. ‘The Benth Bay Steam Navigation Company, char- NEW YORK HERALD, WEDNESDAY, JUNE 20, 1855.-- tered by the Legislature at its Iste session, have Opreed their books in the villages upon the south side of Suffolk county, Long Ialead, and about one-third of the oapital stock has already besa taken: The hooks will close about the fourth of Jaly. It eee of the company to run a line of seam. 1 mete, Suffolk county, through the Bout Boy and to New York. It is thought the line will pay well, m ¢ forty miles thickly populated county ee ort it. If a Citizens of Now York wian to subs, tt can be done within the epediied timer wrayer Vail, of Inlip, Suffolk county, and Austin in of Patchogne, are the commissioners having oharge 0: the books. The capital will be divided into shares of twenty-five dollars each. ‘he annexed sta:ement exhibits the gross and net earnings of the Philadelphia and Reading Railroad Company for the month of May, this year, compared with the corresponding month last year :— | PHILADELPULA AND READING Raraoap. \ May, 1854, Received from coal........ 274,270 77 $387,097 33 Reoelved from merchandine.... 19,987 48 — 28°48 15 Received from travel, &c. 26,173 35 = 83.208 55 $449,001 03 | Tr’eportation 186,424 90 Not income fer the montjgig;.$150,708 67 $208,200 13 Do. previous five mon! 436,653 60 711,817 37 Not Income six months Accerding to this, during the first six months of $hs present fiscal year amounts to $390,637 23—equal to about sixty-six per cent. ‘The gross earnings of the Morris and Essex Rail- roat Company for the fiscal yearending May 31> 1856, amounted to $231,115 93, amd the expenditures im the same time to $125,172 98, showing @ mst in- come at the close of the year of $105,942 95. Ont of this, two semi-snnual dividends, amounting to $57,876 69, and interest on debt, $18,735 10, have been paid, leaving a balance of $29,331 16, which hss been added to the contingent fund. The financial! condition of the company, om the Ist inst., was as follows:— Or. Capital stock.$1,047,965 00 Inc. cap. atk. 108,800 Boad + school fund _ 30,000 00 Bonds (1864). 282,000 00 Bille payable. 7,000 60 Unclaimed di. 256 06 158,468 61 w Hackettstown 24,721 16 Comzection with N. J. Railroad 81,406 76 Wood & timber 16;462 26 N. York freight ad 458 96 44,085.14. ‘Total....,..81,684,480 67 —Total,.....81,654,489 67 Subscriptions to new stock to the amount of $108,- 000 have been taken to raise funds for the comple- tion of the Hackettstown extension... No farther steps have been taken to extend the road west of Hackettstown, and the directors think it inexpe- dient to do a0 at present. Aresolution was adepted by the stockholders, requesting the directors, if they deem it expsdient, to survey a route fot a railroad from some point on the Morris road, betweem Hackettstown and Dover, tothe Delaware river, at or near Phillipsburg, and estimate the cost, &c. The total receipt of the Cleveland, Columbus and Cincinnati Railrosd Company for the first five months of the present year, amounted to $480,626 24, egainat $456,859 08 for the same time last year. The expenses 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 67. Amount required to pay July dividend, about $225,000. The Canton Company of Baltimore received last seer from sales of lands, rents, &»., $48,576 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 im the treasury June 1, 1855, $10,112 73. Duriag the year there has been added to the wharf property 2,142 front feet. The Wabssh Valley road will be opened ninety- three miles from Toledo to Fort Wayne on the Ist of July, and twenty-five miles further in about ten days afterwards. 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 publi by the ssle 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 beat known to “operators,” on ‘Change. Though mining opera- tions have thus been brought into discfedit, it is yet insisted that there fe 9 solid basis for confidence in wel] mataged mining companies; that there is no place in the known world where such rich and abun- dant deposite of copper and iron ore can be found as in the Lake Superior country; and thatthe suc cess of several companies is even now astonishing, considering through what difficulties they have had to work their way. Inthe future everything isen ecuraging. The receipts of the Susquehauna and Tidewater Canal from the opening of navigition to the 10th inet., 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 Pilitsburg Gazette that the committee appvinted 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 about two months, snd examining all the transac tions of the officers fram the inception of the enter price, the committee report that there is nothing affecting the honor Integrity and fidelity of any officer of the company, excepting the defalcation of the late treasurer. The Park Fire Insurance Company have declared a 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, Jue 9. +06437,206 as't0l 1 309,683 420,431 282,881 100,337 June 9 20,844,923 _— Total Cecrease for the week ..,.. eeeseeees 235,414 The New Orleans Crescent of the 12th tnet., says: The Bank report for the last weok exhibits o great decrease in some items It will be observed in epecie there 18 # deoreace of $487,205; in circulation of $110,015; in deposits of $725,101; im exc! $420,431; in short loans of $200,623; in distant ‘The great decrease in its, nearly of a million of dollars, is in some mes anxiety caused by many transient their business for the reason, hastenee Tpitensle existing th our arty. OF fem Soancial movements of eur city, being a. depot of the West, are more or less con good or bad sanitary coedition. In the te the banks sre cor the requirements of the law, $1,850 $754,468 is with the Bank of Louisiar with the State Bank, and $140,000 wit: If we include the exch: balances ‘would exhibit s belanee of $€06,000, » $500,000, Senator Rusk, of Texas, hae ad: the State Gazette, at Austin, op copting or rejecting the bill pas ston of Congress, on the subject « He is decidedly in favor of ace beses his opinion lesa upon the the bill than upon its effect in ndd. ite ¢ébt, and in disposing finally of bitherto intermisable controversy. 1 up, be says, to what the United Sta dave cone, but it is the best that could . qoold only be got after mach egertioy. bse Bask goes even further in private understand, then he deems it prudent te himeeif in his pubis address. It is reported of that be plainly tells Texas that if the State Or vegle ts to accept the provisions of the bil, that Congress will make direct approprietion of the money; and as such s course would be just ard proper, we can scarcely question such @ resilt. Seven new banks were chartered by the Logisia- ture of Rhode Island, during the eight days’ session, jvat closed, viz :— re vo viegs Bank, tm beats in Profile ugmentatin of bak canta tee i I ‘Commerce— Bank end the YB_suthorized to tmorense gesount of thetr stock ether! eee Ee ‘The returns of the banks of South Carolina, ._. the month cf May, give the folloying exhibit :— | _ Capital stock, $14,627,218; bills inciroulatien, $6,701,- | ae Tae cake a” $1,302 258 ; notes, discounted Om’ al 6 $10,670,788; domertic exchange, $8,206,674 ; -ateak, eizist; suspended debt and stock there has been an increase of $26, 0005 fom there has been a decease of $184,000; tm | Bet profits there has beea am imcrense of $092,909, sad | i deposits, &o., a decrease of $230,000; im apecie @ de- orease of $169,000; im notes discounted om - exchange Desa ara am Tne The following table shows the quantity of some of the principal articles of produce left at tidewater from te commencement of navigation to the 140 of Jane, inclusive, during the years 1863, 65 ons, 1854, 45 days, and 1855, 45 days :— Reoxirrs er —— at TIDEWATER, 20. Moy. 4,017 301, 864,485 841,740 353,411 1,806/048 182,632 "206,416 11,735 91.143 698,141 609.465 21, 6,034 oe oe i 272,58 77,47 6,827 643. 10,143/790 121,8 93, TT 177,181 101 Bacon, 0,470,026 8,786,805 2,829,768 ‘The quantity of flour, wheet, cora and barley left at tidewater, during the second wesk im Jane, ia the years 1854 and 1855, was as followa:— Flour, tbls. Wheat, bu. bu, Barley, bus. covey 87,008 98,144 769 834 40,204 = 120,084 = 434,062 188 — pe pee bi bf PS we: Dec .,. 47,302 Deo.262,210 Inc.200,283 Deo. 6,608 ‘The aggregate quantity of the same articles left at tidewater from the commencement of navigation to the ldth of June, inclusive, during the yoara 1864 and 1865, was as follows: — Flour, bbl, “Wheat, bu. Corn, du. Barley, bite 201,603 881,740 1,866,048 ais 179/164 666,095 1,284,066 43,288 Dec... 122,409 Bec.826,645 Dec. 82,883 Dec.163,184 ‘The aggregate quaatity of the same articles lef at tidewater from the commencement of naviga- tion.to the 14th of June, inclusive, during the years 1868 avd 1855, was as follo .., 874,828 Dec.308,800 Ine.931,654 Dec....60,260 By reducing the wheat to flour, the quantity of the latter left at tidewater this year, compared with the corresp nding period of last year, shows & decrease of 187,628 barrels of flour. 10000 0’ 6's, 8000 for 70 12000 Ind State Fives 84 1000 Harlem Let Bs 1000 Harlem 24 MBs 80 4000 ErieConyBa,’71 6000 Hud Riv 34MBs 80000 Il Cen RR Bas. 82! de a0 8: 223 srptrressssasagszegt 22 & s38ages a 60 do bs 100 Bruns City ia Co 600 Gard Gold Mine. £0 New Creek Cl Co. 35 N Y Cen RR $00 do. BBCOND $30000 Ind StateFives 85 15000 Tl Cen RR Bds 83 000 do. ‘AlletMBa 875g 10000 Erie Bés ot ‘75 91% 200 hs Canton Co.83 26% 100 N Y Central RR. 10034 200 do. 100 Seessssss CITY TRAOZ REPOAT, ‘Tvsspay, June 19—6 P. M. Asnes.—Small sales pots were made at 6Xs., pearls at 6c. BuEaDsturrs.—Flour—The sales embraced about 8,008 8 9,000 bbis , including common to State, at $8 75 a 25, and Western do. do., at $9 = $9 76, aad $11 « $13 for exire Geneseo, Canadian 1,000 1,200 bbls.) were, sold at $10 a $11. ern was easier. Sales 8 1,000 bbis. at $10 68 $11 2 for common to good, and $11 87 « $12 for fai : a i ets and extra. Rye flour—' 800 bbls. were sold at 8$9. Corn mea) was nominal at $5 Jersey. Wheat—There was more doing, ‘wee ratber firmer; 3,000 bushels prime sok at $2 50, and mer ptheilhe etyee 6. Rye wae steady, with small sales at $175. Corn wasin re- duced supply, and the market firmer, sales, The transactions embraced about an ee eee ee or yellow were . Onte were at 500. a 68e. for Ftate and Western. fy Corrm —The sales embraced 100 bags Rio, at 10%8., and 106 to 200 mate Ji 3 14, jamaica p Ret EE java, at 143<o., and Jt otp te Te was some better Were engaged fo ship's bags at Sicd. a 6d. 70 baler nee ‘sland: cotton rd 5-16d. square bales 3-1* and 100 bbls. off * a