The New York Herald Newspaper, March 11, 1856, Page 2

OUR COAST DEFENCES. ape neceenary a i HH bli U ay i 5 E H i i g i ! F EF £ £ Es ' E & B iJ H | i i i iH § Hi : E ; ap invading ac ternative of captivity or or exterior line of defence though nt con- the city of New York, bas relations internal corcmenitation, and the United States, in connection with York, such as probably to being pa yecreeee of tea zesotnsion ‘and it will there’ore ‘im this pager Pr . then, to comsider fous works in the order of ti rela‘ive imporc- T would rectmmend, first, the com; of the nowunder construction at Staten and the vebuilding of Fort Tompkins. Second, the construction @f@ foct co Wilkins’ Piat, opposite Fort Schuyler on Neok. the lion and repair of the ‘works im the harbor of fore. Fourth, the con- wtrveticn of the fort on Sandy Hook; and fifth, the con- struction of 6 on the shoals beyond it, should ic be ‘found practicable to erect them at reasonable cost. Directing oar attention to the maio channel, we find at the Narrows, seven wiles trom the lower pert of the @ty, the first ges on this avenue of approach sus: ceptible of such dofence by fortifications as com I:tely to slove it against an enemy's fiect, ani fulfil all the re- quirements cf the fires and great object of defecce and protection to the city snd harbor. Here, for the space of amile, the channel is abouts mile . Favorable ma this position is, yet it possesses tha diescvantage (in eemnecticn with the object in view) of desp water trom to shore, and, being straight, adutte the paseaye of ship» of the greatest draught at all hours of tae day ‘and nigh!, in every condition of the tide, with all the ra- pedliy that thelr mess cf propulsion cen impart. This position wa: selected as accomplishing, at compacattvely waoall cort, the first and great cdj-cin view. Of the t works proposed for this end, thore tinishe! ‘axe Forts Hamilton and La‘ayette on the Long Isiand side of the chanze), anc batteries Audson and Morton on Staten Island. To coaplete the defences. there remain Jeland the completion of PertRishmond, whica struction, and tue erection of Fort Tompkins the fort of that name began in 1810 by the Sate of ) i w Y Whea sli these perms- ment works are finished, they will, ; i i af Hi 4 if i with she widisionsl temporary batteries and works to be thrown upwhen bos ‘lites are imminent, effectualiy close this ehancel of ap- proach. The defence of this important position ‘from aa attack by water being incomplete, the construction of Fors Rich- maond av} of Fort Tompkins claim ateenitun first, and tneir esection thonld pi lo that of all othe: works. Thene iortifications, in addition to protecting the city vend harbor of New York agzinst an attack by waver, oa the southern avenue «f approach, limit tothe: beac of @zavecend bey Jess than tao milesinextent, any attemp’ te land a hoctile uty under cover of w fleet on that part of Long Island which can be approached by water. from ‘the roadstead between the Narrows and Santy Hook The water is shoal sioug the whole of this beach, and dees not admit the approach of s fleet nearer than oue mille to the shore. The crection of temporary batieies and otbir defensive wor ks must, under such circumetaa-~ defeat any atiempt to land, even supposing no eid er diversion from the water rice, Even the heaviest guns of the (lee:, at the distance of a mile coulis not destroy the eet icries, nor d-ive aut the forces occupying them. Sins aleumiaga world bo an decidedly i Saver of the 26 i; force, the exposure of the enemy in crowded vty world be so great, that the result to him must be disastrous defeat. No other position couli be so favora- Ble to us for foiling such en enterprise. The proximity to the Nazrows and Brooklyn. the latter sight mile: dia- tent, and the ce from the shore at which the fee! roust lic, renders it vastly stronger than # more distant Janding place, which wouid, doubtless, be seugat in pre ference by en enemy, either on the south shore of Loog Inland, ov's'de the roudstead, ur in Loag island Sound. The introduction of steam into naval wartare bas greatly increasei the facilities and probabi.ities of an attack py water by Long Island Sound. The Eas: river ailords positisns susceptible of strong defence. Tae best having in-view ail the ends to be attained is at the nar fow entrance from Long island Sound, sixteen miles from ‘the lower part of the city. The plan of defence for thi. positicn proposed tho erection of two works, one on cach side of the eosnmel. That on Tarom’s Neck-—-Fort sehay ler, @ powertul work—is nearly completed. Th» fort pro- yore to be erected opposite to Fort Schuyler, oa ioag a has not yet been commenced, and i # prompt orn. struction is recommended in“order to complete the se- eurity from an atieck on New York by water trom this @izection. ‘These two works will not only accomplish the ficet and principal chject sought for in the defense and protectin of New York, bat will aid materially ia preventing on at teek by land, the bearing they have upon sucb au eater: Prive deing cleacly shown in the report of Brigadier Geae- ya! Totten, Chief Engineer. The great strength of Fort sebuyler, and the narrow. wees of the channel way under ita gans, readers the de fence at this point ese, more secure than that by tno mein or southern channel, in the preseat condi:ion of the works there; and it appropriations are mot made at ‘the same time tor the additional fortifications required en both chsnnele, that for the works on the prin-ipel avenue abould be made first. The works in the harbor of New York having already Deen construcied, should be kept in repair and maintais- ed in the condition propored by the Chief Engineer, cotil the completion of the exterior barriers sball bare re- moved the possibility of an enemy's ficet entering the harbor. ‘The completion of the works jnst enumerated, in the manner reocmmonded by Brigadier General Totten, Caiet Engineer, whore report to this department on tie subj of the resolution ie annexed to communication, Loe with such temporary batteries and fleldworks as cso thrown up when hostilities are tureatenc3, will, tt ia b Meved, eifectuslly protect the city of New York, the au merons shipping in its harbor, the city of Brooklyn, Navy Yard and other publis property there from an a tack by a fret. Ther do pot dispense with the necossicy, fm the event of hostilities, of a strong land force on Ling Island, nor the occupation of lines of de‘ones on thar isiacd, and defensive arrangemen’‘s to prevent a landing Nor ean any sjstera of defence, by fortil.cation or othe: means, diepense with them, The entrances to the admirable roadstend between thn Narrows and Sandy Hook sre entirely without defence Its oocapa'ion, by an enemy’s fleet, t whica itis now open, would completely seal this ontiet of the port of ‘ork; would interrupt the interior water oommuai- caticn with the Delaware; would give him great advan- ‘tages in crulring of the port against our ehipping, both mercantile and military, and would deprive our navy of ail the advantages to be Cerived from its use for similar purposes. These objects, however desirable to be gained properly be cousidered as ulterior to the p:ovection of the city trom attack by water and land. To seeure this roadatesd to our own use, and to prevent the iceses and hazards following {ts occupation by an enemy, the entrance must be closed by forts #uitably places upon the shoals adjoining the channels in advance ‘ot Sandy Hook, and upon the extremity of thet pein’. In many respects the general position jus, designated is the best for attaining the objects sought, in fortifying the Narvorra, since a fiest ean attempt to pass it only in tbe day # during a flood tide; and as the ships must ne- eescarily move slowly and cautiousty througa the cha nels (ane part the extremity ef the Hook), they woul be a long time uncer fire, and would fight under ths ais advantages of « divided attention during that time, they could not atterspt to pass the forts before stiencing them. Bat ‘rom the number of channels, and the charac:er of the works on the shoals, the complete defence of this po- sition would be very costly. With the view of keeping out an enemy from the roed- stead aud securing it to our own use, aad t> prevent an attemp: to land at Gravessed Bry, the Board of E>ginsers projected two works ou there shoala, in widition to the temporary work to be erected on Sancy Hook upon the commencement of hostilities. Bat survey subseqnon: to that time have made known a channel of greater capa city then the two ship shannsla then used; and repeated minute surveys since afford, in the Inuguege of General Totten, ‘‘ so mang reasons to doubt the stasility of these shoals, that it has been found mecessary to confine the projects for defence to Sandy Hook, it being prop red to erect thereon # strong permanent fortiicstion.”’ Bi: this work, with the ba:teries afioat and ashore under its protection, would secure, in an imperfect and prctial fmaurer, tbe objects for which the f) ts on the shoals wore originally planned. Tho defence cvn only be made thorough by the erection of works upon the rhoals as reli aa the Hook, The charneter of the changes to which ‘they are probably subjected, willdoubtiess increase the eost of their erection, but it ramains yet to be deter nin- e4, by farther investigation, whether to suah an extint aa to require the abandoninent of the plea. It is highly from the indications of the charts {u use seven ty Fearn ago, Lbat the aew or Gedaey’s channel ty or was then “nown to cist. The taken place tn the nature ue tatrodpetion of stam, and mameat of ships, pring ce © cm ati fosignidcant in thaie beatiag cpon defense. robot of Mty guna, twenty cuas and lees, with dzacghia of twenty-three fest, twen y leet and jexs have armaments of the same calibre as (he s'eamebips of ome lundred and one hundred and thirty gus. Formerly fleets were composed principally of slips of-the-line, the frigates secompanying them occapying very mush thy ance relative posiston oa light infantry to an army. But now fleets may be for: of those hghter drau she veumsbipe, which, fq the natare of their armament, are, for many purpones, elevated to the p%sition of lice of battle ships, Frigates, too, now carey heavier gans tban Phy ne formerly. antl benee |t ie scarcely lev moyortant % cicee the frigate ebeane's Ue. t the I06 giue rly Shwe (ng to the coast earvey chart of Nee | ments pa apn pay pport ives mu tracted detence of Sebasto) the occasion under the sk: evgineer, Tcdtieben, and a) ently sustained by his profersions! reputation, is ulated to do grest karin. ‘With steam the ati flest may select ca'm weather, so that the accuracy of their fire wilt nut be cisturbed by the motion on the wave, may stand im nesrer to the defensive worka than would be hizarded by sai} veerels, and with guus of the heavy caliore now used, and the increased accuracy of fire due toe steady deck, earthworks battered at short ranges woald be Frecins reduced. H low shot, which break harmless ‘rom, the brilliant and pro- vy works thrown upon energy of the Russiso against the masonry of a permavent work. from the ‘of astenmer at close distance penetrate deeply the earth ‘of field works, and, soplodieg. where thus buried ranidly destroy them. So of solid shot, the pene- tration of which is much less in the more solid and dura- ble rampart of the permanent work thau in the lovely ated earthen parrapet of the eld work. The pro: tS the engineer now {s, ho % incroase the streng’h of the permanent works so as to keep pase with tte in- ereared destrus.ivenesa of artillery. The foregoing views differ in some respects from those contained im the report of the Chief Zagtneex, aad the di’ idence with which I dissent from avy opin on of .his on sueh sabjects haa only been Gvercomo by the neces#i ty imposed on me dy the resolution to report my own views, Referring to the esti nates coatainad in the -epoct of the Chief Eegineer for the amount cf appropriation which will te required for the several worus taereio propored, Ihave the honor to be, very reepestfnlly, your obe- dient rervent JEFF’N DaVIs, cretary of War. ‘Hon. J. D. Bran, President of the Senate. Eycixren DEPARTMENT, Wasmxarox, Feb. 14, 1866. 5 Sm—A recolution of the Senate, of the 11th {astané, in relation to ndditional fortifications for New York hacbor, having been sent to this office for report, | have che bo- mor to rubait what follows:— The regolation reqnests the Sec-stary of War ‘ to re- port to the Semate waether any, aad if any, whst, addi- tional fortifications sre necessary for the proper defense and pro‘ection of the city nnd harbor of New York, and of the Navy Yard axd public property at Brooklyn?” ‘There are two ¢istinst channels to the iutecior of thi harbor, with draught enough in esch for the Jargeat ves- sele of war, Bawely; lat—The entrance st the south, be tween Sanuy Hock and Long Island; 2¢—That at the east, by the Way of Long island Syund. These are fora floating force. There is # thirlave rue which can be followed by @ land force cniy; but which is ro stort and ensy as to need defence no: less than the ovhers, I sha)) briefly mention the exi:ti fortifica ions ox each route, ard those required in adcition:— 1. Passacr vy Sanpy Hoox.—The defnces most remote frcm the city, on this ne of spproech, are those at the Narrows, about seven miles below the lover point ‘of the city. There consis: of Forts Hemiiton and Lataye!‘e, on the Lng Island mde, and batveriss Huteon and Worton, on Staten Island—all firished aud effisionc works. On the Staten Is and ade there is, moreover, a work im pro gress, calied Fort Richmond; and there is nesaed, ia ad- Cition, at this pasrage. the repair, peraaps the resoa- struction almost, ¢f Fort Tomptin:, @ work dagan by the State of New York in 1810, but never finished. Quite near the iower poist of the city, aad asa second line for the detonce of this passage, there are furtifica tions on Governor’s, Bedlow’s and Evie’ igiands. In this partof the harbor there thould be recalied iat» ths general service, and stiiably armea in case of danger, Castle Clinton, (Castle Gazéen). It ocupies a good p>- sition, may soon be pul in xocd eundition, aad made to suppiy twenty-six guns ot ths largest ewlibre. N> ver permanent fortidcations have been proposed to be alded ‘w this second line. Tye lower harbor, that is to say, all thet broac wa'er lying between the Narrcwe and Sandy Hook—oue af the test roadsteads on the Avantic coast—ia entirely wilh out defences, its entrance being as open to am enemy us to ourselves: aud {ts poseession by a superior naval power, which could no; now be disputed, would ef perfect biockace of the city throughont all sessous of the ear. On studying this subject, some thirty Sve yeara ago, the board of engineers regarded tae importance of clonag his outer entrance as so great thst thay projested fur the purpose, inaddi inn to the works to be exerted dusing war upon Sandy Hock iteelf, two large caremated for's, t be founded upon shoals outside of the Hook, estimated to cost each $1,680 000. Minute surveys since made of those sh sia afford so many rearons to doudt their stability that iv hss beev found necessary to confine the proj for defence ‘9 Sandy Hook, it being proposed to erect thereon # sl:ong permanent fortiftvation, for whieh work sppropristions ave, for many years, beea solicited is department. The necessity Jor such a wok to sh ihe lower harbor up from am enemy’: occupation relates not alone w the perfect biockade that ite possession would enable him to maintain throughout a] reasons of the year, bat it re piace within eight miles of tne Navy Yard and Brooklyn heights, that its possession would allow bim to take advantage of at any moment. The short and easy route for a land forca, before mea- tioned, ia from this landing in Gravesend bay, whish, though quite practicable whe covered by a fleat im tae bey, would be # very hazardous, if not impracticable enterprise were the enemy’s fleet excluded by fortifie. tions on the Hook. Beyond Gravesend bay the southern coast of Long nd marshes that a Janding in any portion of 1t would hardy be cndertaken in the face cf defensive arrang2ments tha a sbort time would enfiice to prepare. A fort on Sandy Hook, wh'ca, by the range of its own fire and that of batteries, ation? and a protection, would contro’ all the lower arbor, would also c ntribute materially to thy defeace of the passage shou'd # fleet attempt to force its way ue to the city ani Navy Yard, since the main ship ehan- nel, including Gedsey’s channel, passee withia sffac!ire and {8 ko covered by shallow bays Passace my tue East Riven rrom Lone [staxp Sovnp.—Téis channel is now deteaded by Fort Sc’ astrong work, nearly completed, on Throg’s A narrow pass in the Eastriver, aout mx een or elgatern miles ‘rom the city. It 18 proposed, in addition, to erect a fort on the Long Island side of the Eas: river, and opposite Furt Schay’ The two forte will afford a very secure defence t» that channel. But these two forts, besides commaa.jing the water passage, wll have a very controlling asticn woon any a tempt upon Brocklyn heigh's or the navy yard by a !nai force moving on Long Island from s lauding ei her ov i:# north cr south shore. since any namber of our own troops arriving from the north could, under their cover, be passed over upon the flank or rear of any such expe dition. A march on the main land down upoa the > ‘ty from & landing distant some twenty wuiles, which <> se forts would compel, with the unforduble Spuytea Da, creek in frovt, anda very populous country io tae Fr would be quite cut of the question. Even Fort Schuyler alons partially accomplishes the same obdjecta eo long as it holds the chuunels sae. The construction of a fort on the opposite hore may #4# to jurtously be pxtponed, and is of less pressing importanye, therefore, than Sandy Alock. The compiete system of permanent defenses for New York barbor requires, then, tine erection of ths follo sing fortifcations:—A fort on Swady Hook, the redullding of Fort Tompkins, Statem is and a fort on the Kas: river opposite Fort Schuyler. Should there be no #pecisl reasons for desirlug the earliest possible completion of the system, new opara- tions may now be restricted to the inst position above tei for Sanily an appropriation shoald no# be ¢ of $250,009, fa Fd to secure « certain amoant of efficiency at an early Any particular concern as to the condition of our fo reign relations should, howsver, cause the commenc3msn! of both the other works without delay, by #2 app-opria- tion of not lese thar $160,000 for exdh. The cost of re building Port Tompkins has not been eslealated, boowns: the exteet to which the old strusturo and the cid mit rials may now be used con only be known a4 the work aovances. The cost was rough'y estimated at $170 000 many years ago, insluding repaire then reqairel to adjacent batteries. The battery repsirs have siace beer made, but I am of opinion that, with the difference o prices, placing these ruins in @ state of efsieasy da- manded by the poriien and the object, cannot oe #2 down at o less cost thin $600,000, ‘The estimate made thirty years since, for the wo. stand opposite Fort Schuyler, was $686,009. Ti prices of labor and materia’s siase should rat ea'imate to $659,000. To resepttulate: — 1. This report recommends the commencement of a fort om Sandy Hook, by an eppropriation of $250.000; total Gost $1,500,000, 2. The commenzoment of reprirs on Fort Tomp Staten Island, by wn appropriation of $158,000; to $460,000, 3. The commencement of a new fort opponite Port Schuyler, on the East rivet, by an appropriation ot $150,000; total eost $850,000. The above works to be begun in the or ment—the firet mentioned without delay. Ls) d urgency, sil to be begun at once. Thia report aluo recommends the restoration to the de fonsive sytem in due tims, and the re Stting and re- arming of Castle Cl'nton—now kaown as Cuvile Garden, of arrange In case of NEW YORK HERALD, TUESDAY, MARCH 1l, 1836. It reeommentia, moreover—supposing such matters to | ench a city as New York will q limited means of this as meanso! defence within ita ‘ etree the resolution Dosis 1 pane Soe honor fo w ™ our obedient servent 101 ineers. Bon, Jerrerson Navia, Secretary cf War. Anteresting Lawault in france. HUTCHINSON, HENDERSON & SMYTH VS. SOLEILIAC, MaNTIN BROTHERS & LAUHY. [From Le Drott of Paris, Feb. 14] TRIBUNE CORRIUTIONNEL DE LA SXINB (8TH CHAMBRE ) Messrs. Hotehinson, Henderson & Co. are the paten- tees cf Mr, Goodyear, the American inventor of val- canized India rubber, for the exausive use in France of his precess tor the manufacture of his India rabbor shoes. In 1863 they estabiished a manuiactory at Mon- (\eiret), which, from, the great for India rul shoes, has become one of the most extensive in France. The articles made in the manufactory of Mon! have met in the French market, where Mesers. Hatchia- son, Henderson & Co, claim to have an exc'usive mono- pois for their manufactory and sale, American procucts Rich which they bave come in competition. Iu eonse- uerce of this they attached by process and seized at te home of 0. Solelise, Mantia & Leary,” desler: in Paris, the in artic’és whizh those genticinen exposed for #1 A complaint bas been entered againat these cealera by Messrs. Hutchmeon, Henderson & Co. for infringement ot the patent. ‘Afver a three day’s seseion, the Court renderod the fol- jowing Aectston ip regard toG— & W—. Whereas, the complainants Dave wishcrawn the su In regard to the admissibé ity of the complaint wade by Hutchinson, Henderson & Smyth against Soleiiisc, Mamtia Beo:ters Laary:— ‘Whereas, on the Slet of May, 1853, Goodyear conceded to the ssid H—, H— & Oo., tho exclusive might of manu. sturing and se lieg by the nselven, or t» Rave manufac: ured and sold, iu France, and ‘nail the Frenca posses tions, Indis rubber sboes aad boots, made according t the process desc:ive@ in the patent granted to him io FYanece, on the 16th cf April, 1644, under the mame ot Newson. Wacrese, ch the 18ts of July, 1848, Goodyear, who ob- tained his pstent im America June, 1844, tranefor- red to the American Company to Newark, io conméeration of ceriain stipulations, the exelu- sive right of urine all his provesses for the prepa of India rubber, for the manufsctuea of nd shcer of all kinds, agreeing that the said wer should eontiaue during the waole period of hfs patents obtained or to be cbtaiaed, whatever migut be their cate or renewal. Whereae, nothing @ppeare on the part cf Goodyear in the terme of this agreement, that he interded either to inelnc e in this transfer the pateats which he had ob’aise} abroad, or to give to the Newark compauy, besides ibs exclasive righ? of manufacturing and selling to America, the right of re'ling in the different Furopesa markets: but ae ull doubte are cleared up im this respect by tue correrpondence which accompanies the pape... Whereas, in fact, on the 26th cf June, 1843, Hatchin- son, then the President of the Newark company, wrote to Celes in England, and asked # Wetter {cor Goo< year for Dor, st that time proprietor of the French patent, in order to resive authority for tue impertation into France Ofhis India rubber goods, and Whereas, op the fellowing day, the 27tn of June, Gord- year wrote to Dor, reques 15g him to plase no impadt- ments im the way ot that importation; bat it is eer’ that Der bas conscantiy opposed i, amd osyecisliy on tha 16h of March, 1849, in anawer to Gaigneag, « French merchant, who had actnowle ged bis rigat, and solicited fecm him ‘the permission to import, he declared be could not consent, and threavened to prosecate the eaid Gaig- reau, if in future he suould unport into France shoes of American msnufsctore. Whereas, thie interpretation given to the act of traas. fer of the 18th of July, 1848, by the contzacting parties themut!ves, who have not been able to defeat the upp tion of Dor, is in eonlormity with the right acjutred Frence by the importer, noco:cing to article 3 ot the law of the 7th of January, 1 in virtue of wiich the New- ent wae obtained on the 16th of Apri, 134 Wheress, accoretpg to the provisions of this article. the party who fi:st introduess into France a foreign ic- yention is entitled to the same acvantages as the iaven- tor himrel’. ‘Whereas, those ndvantages included the night of selling 66 well as of mannficturing 6xclasively in France. Whereas, Gocdyes>, the inventor of the pro question, had. then oy importing it into France, rcirg to Lie importation patent, exclusive right of se! a6 Well us manufacturing tbere. ereas, Hutchinson, Henverson tees, heving the sane righta as he po in principle, the right of mounaty in France the products cbtained from the use of the saic patent of 16th cf April, 1844. In regard to the ground of forfeiture brought against the pa int of Newton & Goodyear, of the lin of Ap il, Y boo! 1844, Wheress, iu regard to the ground of publica‘ion pre vious to the patent, article 16, paragraph 3 of tae Jaw of Tth of February, 1791, states that every favsator ecn ected of having obiained » patent for his inventions al- Teady deseri3ed in p-inted and published works will, for fert Anis patent, but that provision cannot be applied fa ‘this suit, ‘Whereas, it ie in fact no justification that at a period anterior tz the delivery of the Newton patent the pro- cess described therein may kave been puolisbed in any pricted work, either tn Aqeri sa or in Engiand. Whereas, besides, . if betore taticg ont in France his patent, under date of 16th of April, 1841, Goodyear hao made nozerons experiments in America,’ it was decided, in fact, at the time of bis suit against the American in friogers of bis patent, that the secret of the comporition of his pa ented article bad not been made knows before the obtaining of the patent, and that tho sale of the arti cle war uot sufficient of itself to involve tbe publicity of the process. Whorear, there is no cause shown fa ‘he suit whether on Americ arent ean be taken Curinga certain time atter the pro-es* has been pubishod, and Wheress, from all the papers and doeaments prodnesé it eppears thet, until the day on which the patent of 1 of April, 1844, was obiamed, the process of Goodyear re- mained a secret—that is, the decree of heat nectsary to insure suecess remained unkuowa, and that asberica anslysis was powerless to discover it. Whereas. finally, the question waa in regard to the patent of importation autho:ized by artic’e 3 of the law cf the 7th of January, 1791. Wherens, a like paren’ implied then that the imported industry wae not snd could not be already knowa in a foreign coun'ry; that the law only required for ihe de Tivery of a sike patent the: the palentes shon!d be the first to bring the foreiga invention into France. Whereas, the same p:inciples could not thea regulate the patent of invention and the patent of importation, in view of the forfei:ure caused by previous publiestion. Whereas. Goodyear, in 1844, had complied with all che obligations then imposed by French legislation, in order to obtain legally his patent of importation. Ip regard to the plea of focieiture, based on the fact that Gordyear should not, in accordance with the pro Visions of the lew, have put his inveation in opsratior before ihe expiration of two years a ter the 16tblof April, 1844 the dpte of the delivery of his patent. Whereas, the documents in the suit show thas previous to the ex piration of the first two years of the patent of importa. tion, in dispute, Dor wae sent to France by Goodvear, in order (6 comply with the limi gtioa 0: the French Jaw. Whereas, it is indubitable Dor has manufactured goods in due time; that he has expored them for sale at the house of Gabert, at tne Palais Roya!, and that he has advertised them by means of newspapers (1844), the Con- stitutionel of the 13th and 14th of April. Wherear, those sdvertisements establish rufficient'y that Gocuyear, on his part, bas acted in compliancs with the French law, which, moreever, does not state this ca‘ise of foriciture to be absolute, as the patent is allowed to Justify the reason of his inaction, and that the @s tance at wiich Goodyear was plaved from the Froruie Territory, as aiso his condition from 1814 to 1846, explain his inab'lity at that time t» gives to the manafacture of goocs the same extension in France as in America In regard to the plea of fr rfeiture based upon the im- putation into France of goods manufactured abroad, and similar to thore warranted by the putent of Go vlyear, Whereas, the plea of forfcatare, other than that etipa- lated by the law of 1791, is based upon the previsions of article J2, third paragraph of the iw of 6th July, 1844, after the patent wae obtained; and that to suppose that the prohibi:ior, made by that article to Import into France similar products, sould be apptied to the patentee of \mportaticn obtained accovding to the law of 1791—it is evident that the infraction of those provisions of prohi- bition of the ne# law could only be chargeab'e (coproagh. avle) to him who thould have been the patentee at the time when those jatractims were committed. Wherear, in fect, it has not been established that any importation of India rabber shoes har taken place before 8 from America into France, Whereas, on the Ist of January, 1817, Goodyear, under the name ot Newton, transferred bis French patent to Dor; and whereas, Dor’ ax it appears from the correspon- dence absve mentione!, has constan‘iy protested against the importa’ion of Amazican shoes made in Franos. Whereas, it has not been established ines tho ro- transfer of the eaid patent by Dor to Goodyear oa the 26th of Mareh, 1850, the latter who has again become the proprietors of hie patent, should have favored and per- mitted the importation of foreiga goods Whereas, finally, on the 12to of April, 1854, since the transter of bis patent to Hatchinson, Henderson & Smyth, he addressed to various maaufacturern and dealers b: way of extra-judicial summons, & protest agaiai elt manufacture and importation into France contrary to the rights conferred by his patent of the 10th of April, 1844. Whereas, an not been chown that any introdaction has token place into France of similar producte charge able to the pucsessive proprietors of the patent of impor ‘were of mani actording to the offisial report made on the was seised at Mantin one pair of India rubber shoes, and, as described, 2,050 pairs, all fore, anufactare. gp wo: according to the official report, bear- tag date “July 12, 4886 ‘were seized two India rubber , there American manufacture, which he said were used as ramples; aud ‘Whereas, it sppears. also from the official report that Laury declared he but offered for sale as samples at the Custom House those articles of Mibereat fa, koportice toto, France, ta selling tae imi in re, and ex; here thoes Sersign. goods, similar ¢ those of which the manufacture and the sale are oleae ti resnaped ane geapenteaiie rsnes 0 ix ebiannent y patent, the partners said Soleiliae, Mantin Bro- ‘thers ¢nd ay pare i sin arc the rights of the above named andinfringed patent. Whereas, in supposing have had doubts as to the legality of the claime ot Goodyear, or his of: they cor pre. tend alterthe summons of the 12ch of April, 1854, which had been served by name to and pea i welch og Brothers aoe: meta oa Ty en ignorant; there is, therefore, cause p penalties of tho Jaw of 1844. ps Ip regard to awarde:— Whervas, the facts above established ageinst Soleiliac, Mantin Brothers & Laury, have been the cause of loss to Butchipron and nis and compensation is there: fore due to them; bet whereas, the court has not at pre nent — means (clémens) to determine its inp rt- aboe: Wherez®, besides, the plaintiffa confine themselves to making » motion for awards to be given by jud; te. Delivers to the parties an official certificate of the with drawal ot the complaint and ‘that at any time they could Mot. the rights uld not Grassman and Wagne:. And without a to ri exceptions and pleas of for- feiture presented the indicted parties, and in which they are declared unfounded. Declares Soielliac, Mantin, Sr., Mantin, Jr., and Laury guilty of intringement. And apply g the articles 40,41 and 49 of the law of the 6th of July, 1844— Fines Soleiliae i the amount of 200 fanca; Man in, r., and Mantin, Jr, together, 300 france, aud Laury 300 Ca. Declares the goods seized and described in the three offi- eiod reports of July 11 and 12, 1855, forfeited. Ordered that the snid goods shail be restored to Hutchin- son, Henderson & S10) Sentences Soleil tin S:., Mautin Jr., and Lanry to psy to the said Hutchinson, Henderson & Smyth awards to be given by Judgment. Sextences them aiso'to pay costs, which will be borne incquel parts by Soleilisc, Mantin r., Mantin Jr., anc ary. Fixen at six months the duration of tho eapias, (com trawnle par corps,) for the resovery ot the fine snd expen 2¢s to which the said Saleiiac, Mantin Sr., Mantin Jr., onc Laury have just been sentenced. Authorizes Butcbinacn. Henderson & Fmyth to with draw irom the Caisse des Usp dts e Consignations the sum Cepostied there om the 5th of July, im pursuance of the writ isened on the preceding 30th of June by thy Prosi- dent of f this Court. The Trancatiantic Toingrapia. TO THY EDITOR OF THE HERALD. Mermroporrax Horr, Mareh 10, 1868. 1 see feom an editorial in Sanday’s Haran tha yoa err inregerd to the Tracsatiantic Telegraph, and Uhet you counect it with the New York, Newfonadiendé snd London Telegraph Company, represented by Messra, Peter Cooper, Cyrue W. Field, and others, The present Nevicundiand Telegraph Company is the muccessor of the criginal Newfeundiand Electric Tele: ph Company, gotten up by Mr. Horace B, Tebbetts, in 52. This “ine was partly constructed by the origina: company. In thospriug of J8S4 the present New York, Newlourdland snd Loudon Telegraph Company was cbar tered im Newfoundland, and cucceeded the original com: pany, by purehusc of the line completed, fixtures, pro perty, &e. For seme five years my effort: have been directed to the subject of an Atlantic telegraph. In 1854-5, at « great expense, 1 visited Furope, havitg in view the fur- thevsnce of the onterpriro, I succeeded in getting con- cersions frora Denmark, Norway, Sweden and Kuzsia. In Novembar, 1864, am associated company was made by me im Paris, under the name of the ‘‘Dransatiantic Telegraph Company,” in Which Mesers. J. W. Brett and C, D. Archibald, oi London, became iy svie associates in Enrope. Neither of there gentlemen brought into the as- sociation any grants or money. My object in connecting wih them vas an elevated considoration tor the geatie- men, notwithstanding it was a sacrifice to me. After my return to America, I negotiated, early ip 1855, with the New York, Newfoundland snd 1. ndoa Te leprapb Company to secure a co-operation, Au agree- ment was sigved and sealed vy Mr. Peter Cooper, as I’re- sident of the guid New York, Newfoundisnd aud London Telegraph Company, and by me, as yérant of the Trans atantia Telegraph, aforesaid, or Anerica. This contract was alterwards sigued also by Jubn W. Breit, the sole cérant jor Europe, These papers were signed by Mr. Cocper and myself at the residence of Mc. Cyrne W. Field. The contract has been respected, in good inita, by ue. It oblicates the Transaflaatés Telegraph sad tas New York, Newfcundiand and London Telegraph to un'te in burivees relationr, and vesting in the Transatlaatic eleg:aph the menopuly of lxacing an Atlantis cable, held by the Newicundian: Company. Such is the substance of the eru»pact entered inte by tho representatives of the wo companies. { have never relinquished my rights under these contracts, nor it purpose to do 80. the management of tke two companies are indepon .ont of 6ach ober. | bave never interfered with the New York, Newfound lend ard Lordon Telegraph C.ripany, but, on the oon trary, have sided it. 1 have the evidence that the money ( from Joan W. Brett, of Loa- Con, by Mr. Cyrus W. Field, wes upon my recommen ia- tion, ard in care of loss Mr. Brett msy hold me morally vound to rhare ii with him. My arguments to Mr. Brett were; that the capital stock of tho Newfoundland com pany would be $1,500,000; that the guvernment of New- foundland would endcrre for the interest on $250,000 of the bonds of the company, as the work progreraed, and the suie of the bonds Would bring money enough to ‘nish the telegraph and bridle path, as per charter, and that $150,000 of the steck was supposed to be suificient to pay off the bonéholiers of the old company, as con rideration for the money they bad invested in the origi ral company. These items would laave a balazce of $1,100 960 to be dividec between some eight or ten per- fors bc \dirg under the new charter, after setting aside $250,000 of :toek as a rad of collaterals for the bon3a. By thi arrangement Mesere. Peter Cooper, Cyrus W. Field, J. W. Brevt aud othecs would get back their money temporari'y advanced to compsay, and, besides, have about $'00,000 of stock, each without having ex pended’a collar for it, otherwise than as a temporary ad- vanoarent, With tbe loses susteined, the eos! of the line will be more than was estimated. With a line acros the oceen, as contemplated by the contract, of emnes- tion in the transmission of Cespatches, &c., between the Newfoundland and the Transatlantic telegraphs, sigaea by Mr. Peter Cooper and myself, the stuck of the New joundiand compeny will pay very satistsetor!ly. There is pendfzy vefore the Teyislature ot New York. at Albany, « charter for a uew company, unde: the name of the‘ fransatlantze Telegraph.” This company was not of my getting up, nor have I any understanding or contract with the directors of that company. Whether or not they will unite with me, I cannot say. The sub. ject har never been discussed between us, either direst ‘or indirect. They will be under no obligation to me, und i preaume they will pursue such a course as will sa) serve thei: own interest. My opinions as to the {mpossibility of operating « tele- graph line Girect across the ocean may be wrong. I thiok the route via Greentund, Jocland and the Faroe Iales, is the only cue practical. New discoveries in the fature may secure the working of line as long as irom New. foundlend to Iceland, and if fo, the same discoveries muy riake it practi¢al ty work @ line fzom Sandy Hook to any other part of Karove. If thin should be the caso, all tue mony é¢xpenced by myaclf and friends for the European concessions wil! be lost, and also the Newfoundland line will te worthicer. These risks we have to run, eud it is fatr to calculate upon gains commensurate therewith, in case of ultimate recess, You will pereeivo, Mr. Editér, the ex'ctence of the fol- Joying pointe, vis: 1, That the Now York, Newfoundland and London Tele- genph Company, represe ated by Mr. Peter Cooper, Cyrua W, Field and others, is not the Transatlantis Telegraph Company. MTs Transstlantie Telegraph yas created by me ‘n 2. Paris in 1854, besed vpon the Danish, Norwegian and Sacdish grants, 3, That as sule gérant (or Taanager) for America, of the said Trapratlantic Telegraph, J sigoed, with Mc. Pete: ¥ , the Prosi¢ent of the New York, Nefoundl and London Telegraph, a contract for reciprocal business relations, by which the exclusive privileges to laud a cable in Newfoundland became veste@ in the Transatlan- tic ‘iT represented vy me. ‘4. That fn my opinion a telogroph Une cannot be work- ed direct across the ceean until new discoveries are made in science to overcome the difficulties. 5, That in case itshould prove feasible to work a tele- graph dIreet across the Atlantic, Sandy Hook would be a ae from Abin to start a cable. . That ave not to do with the present proposed Trenaatlantle Telegraph applying for-a charter to tbe Legislature, nor e company be under any obliga- tions to me, either direct or indirect; and that this com- pany will be free to stact from Sandy Hook or from any other point, With the hope that the efforts of al) friends of the en- terprike may be successfal in the accomplishment of ood, I beg the honor of sadscribing myself, ‘AL. P, SHAFFNER, More Indlan Massacres In Florida. Font Mysus, Fla,, Feb 26, 1866, We have to record another massacre by the Indians. A Mr, Hudson, a resident of this post, accompanied by his negro, Sam, left here some fifteen days ince for the oyster banks, in Charlotte harbor, with the intention of yather- tng s Teed sf oysters for this piace, ‘Their longest stay exeited suapicion that some accident had betallon theo and consenently on Saturday last Capt, — ain to the bank and found their veseel, a schooner of 20 tons burden, disrnantied of ber rails, and the dead bodies of Hudson and hia negro on deck ‘horribly mutiiated: near by another boat, burnt to the water's edee, was discov- ered, and on shore the hody of an oys*er man named Mar- tin, was discovered in the came e¢ondition of the other two. the volunteers have taken the field, but as yet have | fall within the scope of the Senete’s inquiry—the putting | tation, while they were proprietors theret, accomplished nothing and keeping Sa order and readiness, a6 to defsucys | Whereas, the plea of ferfetture based apon the pro- The country is ioundeted with water, which preveotn | etuorgth end armament, all the existing wo.ks, and the | visions of the law of 1844 ednld not, (hen, in nny case be | the regular United States tov ps from taking the field; In completion promptly, those under e2nstrusion. The | secep'ed by the Conrt, fact, the mumber bere fe totally inkuiticieat to even keep eutiwoten Jetely pubmittgd to Congrese by we War Le | ogarG to the fact charged to the gt having | sorecsricn o ihe pusty already evtadiibod. FINANCIAL AND COMMERCIAL. | hic meynT MARKET. Moxpay March 10—6 P. M. ‘The stock market was rather heavy at the open- ing this morning. With a moderate demand for all the leading railroad stocks there was a general disposition to sell at lower prices. Virginia 6's, Iinojs Central Railroad bonds and Galena and Chi- cago Railroad advanced 3 per cent each. Cumberland Coal declined 3 per cent; New York Central Rail- road,4; Panama Railroad, 3; Erie, 3; Reading Railroad, 13- The transactions in Minois Central bonds are unusually large at the improvement in im prices, The sales run up about $140,000. The advance in this security is pretty good evidence that nothing of an unfavorable character is expected to result from the progress of European affairs. The cause of the present depression in the stock market is entirely local. Prices had previous to the recent reaction been gradually moving up for several weeks, and an advance in nearly every speculative stock on the list of several per cent had been rea- lized. An easy money market had, throughout, fa- vored this inflation, and it was the general impres- sion that prices would become strengthened by the gradual improvement, and as the season ad- vanced speculation would ecome more active and a further expansion follow. The advices from Europe, in the early stages of this movement, gave it a healthy impetus, and it was the opinion that as the probabilities of a peace become greater, that we should open at once into a sea of speculation, ‘All these calculations Were sound enough, and all the anticipations have been partially realized. The advance in prices has been in some instances very large, and to many purchasers suf- ficiently satisfactory to induce them to realize. Higher prices have bronght a good deal of stock into the street, and the brokers have a greater quantity to carry. Outsiders who have realized a profit are now waiting for a fall, and will not enter the market again until lower prices rule. This has largely re- duced the number of purchasers and changed the feelings of an important class of operators. There iy another class of speculators disposed, in an indi- rect way, to bear the market. We allade to those who failed in purchasing at the lowest level of prices before the recent inflation. They have been waiting some time fora decline, so as to come in at proper points previous to the usual spring rise. The ouly party just at this moment much interested in sustain- ing the market are the brokers of Wall street. They are loaded down with all those securities which have an equivocal character, with those stocks which outsiders generally consider, at present prices, tauch «bove their real value. The brokers hold tae bulk of that class of stocks, and any future specu- lation in them will not go much beyond the limits of certain cliques. So far as the class of stocks that outside specula- tors for 9 rise generally deal in are concerned, the utmost watchfulness should be exercised to take hold again at the proper time. All are naturally enough looking for the lowest points, and many may Icok too long, or for too great a reduction. The stocks which must, from their intrinsic merits, com- mand public attention during the present year are cheap enough at current prices, and, at the present time, good purchases. It is possible some of them may touch a lower level, but the chance of their’ doing s0 is very poor, and in waiting much longer the present opportunity may be lost. We allude partieuiarly to the stocks of the new railroads of Illincis and Wisconsin. There is a value in that cless of stocks not generally known, and only thore who have posted themselves regardiog such investments will realize the great improvement qhich at no distant day must take place. The tonishing productiveness of any new road int g region, even in an unfinished condition, has alresay attracted our shrewdest capitalists, and investmer have been made in them to a large amount. The sy. tem upon which the financial affairs of these roads is conducted is such as must command perfect co” fidence. In nearly every instance a sinking fand has been established, sufficiently large to liquidate all in- debtecnese before maturity, and in several promi- nent companies renewal funds,have been created for the preservation of the road, &c., and to keep it up to the necessary condition without adding to the ori- ginal capital. All these things have been provided for by“most of the Western railroad companies, and in these important matters they are far in advance of those of the East, With sinking funds and re. newal fands established before the completion of the roads, derived from the net earnings, the stockhold- ersare gnarded against such abuses and such extrava- gances as have appeared inthe management of all the railroad companies in this and all the New Eng. land States. s After the adjournment of the board the following sales of stocks and bonds were made by A. H. Nis colay:-— $2,000 Chiesgo & Rock Island 2B Ist mig, int add. 933, 10,000 Harlem: Railroad 24 morgage, interest adit. 1554 6,000 Terre Haute and Alton RK 2d mort, intadd. 77% 1,000 N York & N Raven RR 7’s, 1866, int add... 753g 1,000 Great Western 111 RR Ist mort, intadd..... 945% 5,000 La Crosse & Milwaukie ZR 1st mort, int add 6,000 Virginia oi, 1887, intexest added. ae 0456 600 California 7’s, 1861, interest added. 8154 3,000 Llincis Internal Improvement, 1870, 1g 1,021 76 do do 1877 lio 1,500 Indiana State 6’s, flat, 640 "1 ao 02 )6’s, 1,500 do ‘an 40 do 400 do 3co do . 14,660 Breexenridge Cannel Coal Company. 80 shares Fxcelsior Insurance Company. . 9 Nelicnal In:uranoe Company...... $2 Rutger’s Fire Insurance Company . 40 Lenex Fire Insurance Company... 10 Mechanics’ Bank of Williamsburg 40 Farmers? and Citizens’ Bank of Long island 6 Kast River Bank... 16 Metropolitan Bank 16 Bank cf Commerce. 18 Knickerbocker Stage Company, *s 300 Jersey Little Falls Manufacturing Company 7 Long Iniand Fire insurance Company. 5 Howard Fire insurance Compa 80 do. do. do.. 180 Firemen’s Insurance Company, 7 Manhattan Company 17 Merchants’ Bark., 21 Mechanics’ Bank., 7 North River Bank, Simeon Draper’s regular semi-weekly auction eale of stocks and bonds will take place to-morrow, (Tuesday,) at 124 o'clock, at the Merchants’ Ex- change. At the second board the market was quiet, and prices were without material variation. Nicaragua Transit fell of per cent; Cumberland, 4; Michi- gan Southern, }. After the board Erie was offered down to 57} per cent, and lower prices raled gencj ‘rally. Tlinois Central bonds closed firm at prices current at the first board. The transactions at the Assistant Treasurer's office to-day were as follows :— . $111,701 36 160,130 00 4,229,111 08 Pald for Ai office... 109 14 Paid on. disberning check: 100,278 15 The receipts included $50,000 for transfer draft on Chicago. The warrants entered at the Treasury Depart- ment, Washington, on the 6th and 7th instant, were as follows :— For the redemption of stooks $3,333 63 For the Treasury Departmen’ vee 18,029 15 For the Interior Department. + « 19,406 32 For Customs.....+.++.++ ts ved On account of the Navy.. The circular of Messrs. De Coppet & Co., pre- pared for transmission by the steamship Ameri¢a from Boston for Liverpool on Wednesday, the 12th inst., gives the following. review of the stock market:— The absence of news from Burope sufficiently definite to Chgtd = — ore decided oe 7 rd to the result of peace nce at Paria, as we'l as hd a Ma mg ty irked iimi amon a ra and, not . standing an easy money market, there is & lack of anima- ion fo eecurittes for perman investment, as well ay in there cf a more epeculative nature. The latter have chown weakness in prices, whilst the former aro Grwly held. ry State ptocks we note a fow limited transactions In im Virginia 6’ and ia Tennemnoe 6's, will oes Minois Tateraal Improve-} ther npward tencency. Desmonies county bonds. Some trifling sales of San Francisco 6’, at a little over 60, have taken pla e—they} are the first we have heard of. Jo rai'rcad bonds there has been a decile? insctivity py sti wever, the peg sippt Railroad pers en interest payable Febra- ary and August, redeemable in 1877, and convertibie into stock untal their maturity. A sinking fund is created have been generally Umited, the more important ones have teen in Erie, Reacing, Cleveland and Toledo, Michigan out i" Michigan Central, and New York Central. Prices have rather s downward tendency. These bas been some business done in Pennsylvania Coal Company, at a decline of 34 ver cent. Money is a! jant, from 5 a7 per cent for loans on call, the first figure not general yet. First claes paper is rom 7 to 8 por cent. The New Jersey Franklinite Company have made & mortgage on their property at Franklin, New Jersey, in trust, to eecure the payment of $300,000 six per cent bonds payable in ten years.. Mesers. J. A. Underwood & Son, Exchange place, have the bonds for sale. It is understood that $50,000 have been taken in Boston and $30,000 in thie city ; $20,- 000 more is wanted to put the works in operation It is proposed at an early day to extend the works, in order to produce 12,000 tons of pig iron and 4,000 tons of oxide of zinc per annum. The annexed statement exhibits the average daily movement in the leading departments of our city banks during the week preceding Saturday morn- ing, March 8, 1856:— 1,940,193 2A7,2i0 1,477,549 Seventh Ward.,.1,120,402 142926 222,408 665 Stare.. £000,725 298 074 610/317 3 406,687 ‘American Exch..7,078 680° 0,780 342,204 6,552,774 Aseoctation, 289,274 82, 952,340 Commerce... 0e Com Continent: ie Commcnweal'h. 95,695 1,214 445 110,339 163 97,999 424, 97,980. 275,021 93,482 1,015,643 93.630 | '238,87S 7,880 107,676 ape , 114,479. © 167,672 Bul’s Bead..... 266,0:7 17,319 108,841 151,074 N. Y. County... 320,187 12,920 865 ¥ Pacific...... 48, 70,601 112,388 676,372 Total... ..$102,909,688 15,170,916 7,863,176 88,749,626 $128,199,800 126,211,247 Balances for week encivg rm « “ The aunexed statement exhibits a comparison of the leading @epartments of the banks of this city for several wecis :— Rew. Yous Crrr Buna. March 3. iH 10. Loans. ee arr. Joly 7, 786.. £2,852.40 45,481,008 7,742,000 85,647,248 Joly 14) °HS.; 98,415,422 J6,603°756 7/915, 724 88,616) Tnly WZ, 65.; 90,020'147 25,918,000 7,407,086 82,070,600 Top. 4,8 cable tee 42°98 8 Toka'sas eee 908 , i f 774,209 eet Beret ute 060 14,649,240 7,610,100 81,048.67 (604 18,826,878 7,682,005 81,175, [100,426,970 12,852,828 7,620,178 81,007,210 733 18,008,625 7,862,143 80,442, ,297,009 12,213,240 772282 80,510,300 pte 98,681,734 11,686,301 7,746,492 80,106,147 Sept. 29,968.. 97,985,295 9,919,124 7,724,910 76,818,108 Oct. 6, %5b.. 95,515,021 11,110 887 7,863,217 77,862,628 Oct. 13, °65., 05,009,420 11,298,878 7;840/116 76,615,807 Oct. 20, 965. . 96,108,376 22,461,725 7,888,164 77,862,652 Oct. 27; °55.. 04,216,872 11,183,521 7,828,480 70,074,858 Noy. 2, '55.. 93,240,070 19,166,208 8,011,008 77,787,670 Nov. 16, "85... 92,464,200 10,855,626 8,088,608 75,762,408 Noy. 17,766.. $2,020,020 11,302,987 7,941'570 78/393/861 Nov. 24,°65... 22,812,408 11,715,230 7,770,507 741676/164 Dee. 1,” 65.. 92,520,021 11,997,134 7,841,054 70,087, 93,180/805 11'844,625 7/861.741 78/080'110 98,800,038 11,686,075 7,701,082 76,820,56 94,380,487 12,088,359 7'778,893 77°241,006 5,114,060 10,768,000 7,6:1,946 80,438'627 95,863,890 11,687,200 7,008,656 83,634,808 ‘ 96,146,408 11,777,711 7,612,807 77,961,498 Jan, 19,°56.. 96,892,068 18,385,260 7,402,706 82,652\898 26,766. 96,887,221 12.738,059 7,406,986 18,018,316 2, '56.. 97,070,611 18,640,497 7,622,827 82'260,001 Teb 9, '66., 981844.077 14,283,329 7)810,122 82,838,152 Feb. 16, °86.. 99,401,815 15,678,736 ¥,603,441 88,085,045 Feb. 23,’66.. 100,745,447 15,836,874 1,664,688 87,680’ 478 March 1,56,.109,622,235 18,640,686 7,754,202 85, Marob 8,’5¢—108, 909,688 15,170,946 7,888,176 88,749,625 The variations during the past week have been as follows:— Loans snd discounts, an increase of, $1,277,488 460,740 Epecie, a decrease of. Circulation, an ioe: 133,784 Depoaite, an increase of, n 145,248 Deposits, an inereaso of, actually 643,356 The expansion of loans is steadily going on. The increase for the past four or five weeks has averaged about one million per week, while in most. of that period the, specie reserve has been decreas- ing. The discounts and deposits are now larger than ever before. We must look for a much larger: aggregate in the department of discounts before the close of the business season, without much, if any increase in the supply of specie. The exportations. of precious metals have commenced, and will proba- bly increase. The importation last week were im- mense, and the numerous vessels now due fronr European porte will, upon arrival, add largely to- our receipts of foreign merchandise. The last annual report of the La Crosse and MiL waukie Reilroad Company gives a very flattering account of iis finances, its position and progress. The entire line from Milwaukie to La Crosse is esti- mated at 198 miles in length. The eastern division (extending to Portage City) is 95 miles long, and will cost $2,557,170; an average of $26,917 58 per mile. Of this amount, $1,832,963 has been expend. “ed, the means being thus provided:— From stock subsepiptio : From the city of Silws First mortgage bonds... Floatiog debt to mature in 1864, %67‘aad Floating debt to mature previous to Oe.” tober, 186., TOtalessee sceresseees The meansof the company for payment of floating debt and other liabilities, and for completing and equipping the eastern division are thus stated:— Balance of Stock rubseription, Stock to contractors From Portage City, Firat mortgage bonds uneold + $660,807 + 200,008 75,000 500,000 Total.. $1,344,807 This will leave a margin of $593,216 69 for con tingencies, and a considerable sum to be applicd with $863,600 of stock subscrip'ions, towards build: ing the western division of the road. Phe receipta up to January 1, 1856, were $32,154 18, while those for January alone were $10,520. The directors estimate the gross receipis for the current year at $400,000, which, atter deducting expenses, inte- rests, &., would yield 2 dividend of 16 per cent om the capital stock paid in. To provide for their $600,000 of unsold mortgage bonds, the company propose to create a sinking fand of $11,500, to be paid annually to the United States Trast Company, and applied to the payment of these bonds. The equipment of the road at present consists of the following:—Twelve locomotive engines and tenders, ten of which are on the track, and twoig