The New York Herald Newspaper, November 12, 1856, Page 6

6 NEW YORK HERALD. FAM BS GORDOS SGEREEUR, MDFOR 4XD PROPRIETOR, WR K. MW. CORNER OF NASSAU AND FULTON GFR Wolmame BEE. .......-vorrereesere -o-e ACADEMY OF MUSIC, Fourteenth st.—Irauian Oresa~— Werous pu Nou, a. 5 eaLoe agape. Broadway—Rosxer axp Bentnann— TUB. Bowery—Bnosp Bowmar ree Beer Baken. a BURTON'S NEW THEATRE. Broadway. opposite Bond Ghreet—Premntsy at Counr—Sary. WALLAOK'® TEEATSE, Brosdway—Hoxerncon—Tux ‘Wrsce or Wixpskusnz, THEATRE. (late ')—TEs GHAMBERS ATREET Burtoa’ Mysnic Barpa—Wiiuiae Te1i—Wanveaine Boys. AMENICAN MUSEUM, Broadway—Aferncon an hh ny BROADWAY VARIETIES, 673 Broadwav—Tus Mise oe Mansmi 12—Nas, THE Goon FoR NuTBINe. CHRISTY & WOOD'S MINSTRELS, ‘Broad: peeves Pearonuanons-Warro. Yt Bresdway SERRNADERA 65 Broadway—Bremorun —Dr MAL oF TH8 Das Swamr. Biever Work, Wednesday, November 12, 1856. Mails for Europe. SEw YORK HERALD—EDITION FOR EUROPS. ‘Yee Cunard steamship Asia, Captain Lott, will leave ‘thm port this afteruoon, at two o'clock, for Liverpool. Buropean mails will cloee in this city at baif-past eleven o'clock. fhe Henacy (printed in Fremch and Knglish) will be (ebliabed at ten o'clock in the morning. Single copies, in @reppers, sixpence. @Babsoriptions and advertisements for ary edition of the @wew Yous Breiv will be received si the following Wiacer in Evrope— Seth, 2 See bang avmmvc:— do. do. 9 street. Lawmuroo:—Joln Punter, 12 Exchange street, ‘She contents of the European edition of the Hmmarp (@@ embr ce the news rece!ved py mail anc telegraph at ie eflice ccring ihe previous week, amd to the boar of peblice tice. The News, ‘The steamship Tenneseee has arrived at New Or- leans with San Juan, Nic., dates to the 5th inst., and San Francisco advicesto the 12th ult. The ac- eounts of Gen. Waiker’s victories at Granada an} Maseaya are fully confirmed. The army was in 7x eelient health, and Walker's position was regarded as still more favorable. From California we leam that trade was active and the mining prospects geod. Senator Weller had been suffering trom se- vere illneze. The Indian troubles in Oregon had again become serious. The entire country north and east of Day’s river was in possession of the mavages. We have letters trom Ponce, P. R., to the] 25th nit. There was no sickness on board the vessels in port. The cholera, which had prevailed with much virulence for some time previously, was fast disxp- wearing. As many as one thousand laborers h»ve been carried off by the epidemic, rendering it « «r- tain that planters will have to pay a bigh rate of wages during the cane cutting season next year. Moch difficulty was felt at Ponce in procuring men % discharge vessels, and exorbitant prices were exacted for such service. The import market was abundantly supplied with all kinds of Ameri-an provisions. The long continued drought had «a- maged the growing canes, and it was esti- mated that the yield of sngar would fall short of tirty thousand hogsheads. The Hon. John A. King, Governor elect of the State of New York, delivered a speech last even'ng im the Stuyvesant Institute before the Fremont and Dayton Central Union. He reviewed the results of the election, and expressed his surprise that com- merce, which has been ever true to liberty, should not in the late contest have maintained that high ebaracter. The Board of County Canvassers assembled yes ‘erday in the chamber of the Board of Aldermen, for the purpose of canvassing the returns filed hy fe Inspectors of Election with the County Cleck. ‘The Board was organized at 12 o'clock, and the ‘sna! oath administered to al] the members present. Mr. Isaac ©. Barker, President of the Board of Al- d@ermen, was called upon to preside, bat declined, em the ground of his having been a candidate in tee late election. Mr. Nathan C. Ely was then @hosen. The Deputy County Clerk; Mr. David A. Powler was appointed Secretary. Atter which the Beard adjourned to meet every day at 12 o'clock till ‘the work for which they have been organized is eom pieted. The New Orleans papers of Wednesday last state that the disturbances in that city on election day were not of a very serious character. The arcounts given ot them, however, widely differ in the Ame- ean and demoeratic papers. Ata meeting of the Almshonse Governors, held yerterday, an estimate waa presented of the expen- @itures for the year 1857, which amounted in the ag pregate to #40000. if the departments can be car- wed on for the coming year for that sum, it will be @ saving to the city of $2.0,000, as compared with tae expenditare of the present year. This is a step ia the right direction, and it is to be hoped that @ther Jepartments will follow the excellent example of the Covernore. We give to-dey another chapter of affairs con merte] with the French railroad defaulters now in enstody in this city, and the operations of the grand financiers on the Bourse and elsewhere. It is pactly & condensation of statements which we iad former dy published, and partly a series of new develope mente. Jn connection with the present depressed financial affairs of France this article is apposite and interesting. We publish this morning the closing arga nent of Mr. Edward N. Dickerson in the pacent case o! Siekies against Borden, tried !ast week in the Unite? States Cirouit Conrt, before Judge Nelson. The case is of an ed ceedingly interesting charecter, involving as it does n0\ only considerations as to the rights of inventors, but aleo incidentally tov Japon tue dons of the arctic and Pacific, amd the futore sa ety of sear boats. A suit for damages for « breach of contract was commenced yesterday in the Superior Court, by Charles Done‘ti, proprietor of the monkey troupr, againet James H. Hackett and others, fi fuldiment of an agreement, by whi the defenjante were to pay plaintiff ‘alary an) give him and hix monkeys, dogs, ¢ and other animals a passage to Havre. 4 vealed verdict will be rendered this morning. 3,000 bales, at rather easier rates, being based upon middling uplands and Gulf cottons, at abont 12c.a l2.c. Flour was in good demand both from do mestic trade and for export, closing at full jc. pez bbl., advance, Wheat continaed in good demand and quite firm, thongh less active. on acconnt of re @oced supplies offering. Western ond Oana @ian white sold at $1 65, red Missouri at 91 52 a $) 59%, Milwaukie club at #1 42 @ $1.45 and Chicago spring at #1 1.0% Com wee firm, and sold at 69c. a 70c., and at Tle. delivered, Rye sold at Sic. Pork was inactive, with sales a’ $19 50 for mess, and closed dull, with few bidders: at about $1% Prime was at $1%. Sugare were in fair demand, with rales of about 600 bhde. Cuba, 100 do. Porto Rico, and 269 boxes at rates given elec where; 100 of the boxes consisted of very cho qqaality, and sold at the high figure of 12}. per ivr Coffee was qaiet and steady. Freight were firm English porte, ane cloed With at tdren ire posers ot priege | beat them both in the second? | swept the North in «pite of Fillmore, and ia ’#6 } secured bis eucress, | was generally voted fe | stayed at home. We ha: NEW YORK HERALD, WED. My. Buchanan and the Diseaton Nailifiery of the South. The controlling faction at the Cincinnati Con- vention, dictating the platform and the candidate of the democratic party, and the controlling fac- tion, too, in the conduct of the late campaign, in behalf of Mr. Buchanan, were the disanion nulli- fiers and secessionists of the South. In view of this fact, the question as to the intentions and policy of Mr. Buchanan towards these disorganis- ing and treasonable conspirators becomes a very interesting one. It is more than interesting— it ie of the highest importance, It involves a policy of honors, emoluments and patronage, on the part of the President elect, which will be either the salvation or the ruin of his administra- tion and his party. Mr. Buchanan’s first official act at Washington will be his oath or affirmation to support the Con- stitution of the United States. But the nulli- fication democratic faction whieh has made itself’ £0 infamously conspicuous before the world, has boldly ignored the constitution, and trampled it under foot. Their policy has been the conspira- tor’s policy of rule or ruin—they would do what they could to elect their candidate, and to frighten the American people into his support; but if he failed of an election, they would rebel, proclaim a revolution and raise the staad- ard of nullification, disunion and civil war. Can these loud mouthed declaimers and plotters of treason and __ intestine strife be safely entrusted with either a place of honor or profit under a President sworn to sup- port the constitution? Can any reckless spoils- man, whose loyalty to the Union depends upon “the cohesive power of the public plunder,” be considered a tit subject for executive confidence or clemency ? : Let ua cite a few cases: Governor Wise has been mentioned in connection with the Cabinet office of Attorney General under Mr. Buchanan. But is this man, who for the last four or five months, day and night, has been concocting with kindred spirits a civil war, and boasting of it in the event of the election of Fremont—can such a conspirator as this be thought a proper selection as the President's interpreter of the constitution and the laws? The first opinion of such an at- torney would probably be a manifesto legalizing the use of the bludgeon in the Senate chamber against a too liberal exercise of the freedom of speech in that body ; and his second edict would probably require the refunding from the treasv- ry ef the fine mmposed upon Bully Brooks. Is Senator Mason, of Virginia, in any degree more worthy of Mr. Buchanan's confidence than Wise? for is not the Senator even a mora deliberate, ma- licious, ingrained and desperate disunionist than the Governor? So of Senator Slidell. He is spoken of as being in a position to command what he may desire, whether a Cabinet office or a foreign mission, Bat he, too, has been deep in the plotof aSouthern rebellion against the Union should Fremont be elected. And so of Toombs and Johnson of Georgia, Clingman of N. C., Butler, Boyee, Keitt and Brooks of 8. C., Benjamin of Louisiana, Walker of Mississippi, and a host of others of the same school, big and little, with Jeff. Davis, Atchison and Pierce at the head, and Forney at the tail. Can any of this faction of nullifiers, and plot- ters of rebellion against the will of the American people should it be against them, be considered worthy the confidence or countenance of a Presi- dent deriving his office from the people, and sworn to administer as their servant and the ser- yant of the constitution? And this question includes not only those preachers of treason and disunion from the stump, but all those nullifica- tion democratic organs that have whistled them on, from the Washington Union and Richmond Enyurer, to the Philadelphia Pennsylvanian and New Orleans Delta. They were all involved in the same general plot of a bloody revolt against the constitution, the American people, and the Union, in the event of the defeat of Buchanan, The disposition, therefore, of this whole batch of boisterous traitors and disorganizers will be about the first, and perhaps the most important, question of Mr. Buchanan’s administration. If he shrinks, from fear or a mistaken charity, he is lost; if he acts with courage and decision, he is saved. The choice is the infamy of poor Pierce or the glory of Jackson. Should Mr. Buchanan stoop to lick the feet of the nullifiers like poor Pierce, his fate will be even worse than that of the little trickster of Now Hampshire; bat, should the Sage of Wheatland imitate the example of Old Hickory with the nullifiers, he may reconsolidate his party upon a solid basi, While General Jackson was in power, he kept this Southern nullification faction at a safe dis- tance and in an admirable state of good behavior. But with the advent of Mr. Polk they crept into power; and from that day to this, from one step to another, they have advanced in their control of the democracy, until they have destroyed the party in the North and reduced it in the South to & treacherous conspiracy of nullifiers and fili- basters for the extension of slavery. In this ex- tremity, the only hope for the restoration of the party as a national party, is a return to the policy eral Jackson-of kicking out from the ad- ministration and the spolis every preacher or teacher of cullification or disunion, whether a Cabinet officer. like Davis; an ex-Cabinet officer, like Walker ; the Giovernor of a State, like Wise or a member of the Senate, like Mason, Toombs, Butler or Benjamin ; or the head of a nullification organ, like Nicholson, Forney or Pryor. In re- yard to these nnllifiers, it is for Mr. Bachanaa to choose between the policy of Jackson aad the ex- ampie of poor Pierce. ow Ge Frevoxt’s Vorvianrsct.—In every direction the Fremont papers are running up his name for 1860. He has beaten Jackson in his first race he has beaten Harrison; and why should he nox He bas almost be may «weep the Sorth in epite of the nullifiers. The united opposition vote against Buchanan is astounding. No President was ever elect- | ed by euch a popular aninority and against such The sales of cotton yesterday embraced about | 7 POF pray e in the States which have Jn the South Mr, Fillmore as a basis for keeping opposition majorit the nucleus of an opposition party together. He did not poll the ful! opposition yore, Much of it | went to Buchanan by default, and much of it demorrati therefore, and © democratic through the divisions of th ti the North, and from the weakness, not position party, but of the the South. The demorratic party has be duced toa minority party. Can Mr. Buchanan ke ji aiority party? Can he recover any: ey have lost in the North, with- Can be retain Pennsylra Can be keep the North and Sonth, +) the apotle hod out? We anal kyow ma corgia? ae i ‘The Angie-French Alliance. ‘The split which has just occumred between the prees of London and the newspaper organ of the French Emperor is certain to be construed as a forerunner of a disruption of the Anglo-French alliance. We may be sure that for some weeks to come we shall by every mail hear that Lord Palmerston and the Emperor have been on the point of a rupture, and that the French are agi- tated at the proepect of a new war. When the Congress meets, and the delicate questions of Naples, the Belgian press, Greece, arise, and are warmly discussed, no doubt some foundation for similar rumors will be afforded; and that founda- tion will be exaggerated in proportion to the ef- forts made by the French authorities to keep matters secret. At bottom, there is a curious analogy between he Anglo-French alliance and the confederacy between the Northern and Southern States of America. The French and English have a com- pact between them, which is the treaty of alli- ance; the Northern and Southern States also have a compact between them, which is the con- stitution. Both compacts impose obligations and confer rights upon each party to them, Both en- deavor, as faras possible, to remove causes of dissension, and to assimilate the interests of the contracting parties. Both are regarded by con- servaties with respect as compacts not by any means to be broken on trivial reasons. But strong as they are, and much as they are valued by sensible people, neither of these compacts has succeeded in wholly assimilating the two contracting parties, or even removing what mutual jealousy and reciprocal prejudice existed between them before they were formed. The French, as allies of the English, speak of them more disparagingly than they did in the time of the elder Napoleon; the politicians and editors of the Southern States use language in reference to the North which they would not venture to use if the two were separated. Neither in the one case nor in the other has the compact interfered with social and domestic in- stitutions. The British, as allies of the French, beg to be excused from approving the course by which the Emperor gained his throne, or the principles on which his government is based; Northern men, such as Senator Douglas, voting for the Union, wish to be distinctly understood as having no liking for slavery. The alliance in the one case, like the confederacy in the other, is finite and specific; it cannot be used for any other purposes than those for which it was origi- nally formed. The English must be careful not to trouble themselves about French finance, or the revenue system, or the Emperor, for these are matters which the treaty does not embrace; and Northera philanthropists must have «care lest they feel emotion at the burning of a negro; for the constitution does not provide for any such outburst of feeling. The comparison can be carried a good deal farther. England, with its free press, is yoked to France, where freedom of the press does not exist; and in like manner, the Northern States, where every man may say what he pleases, are bound to the Southern States, where no man may say anything but what the ruling politicians please. But speech is one of those uncommonly subtle essences which tyrants can never bind or crush, Free speech rising into British air perme- ates the Channel, and all the barriers of custom houses, police, gens d’armes, post office spies and the other appliances of despotism cannot keep it out of France, which for the matter of imperial se- curity, might as well have a free press of its own, At this, the master exclaims ; threatens ; tries to bully; and convulses the mercantile com- munity of England. Just so our Northern jour- nals, not having the fear of the Southern politi- cians before their eyes, write freely on public matters, and say at times, things which are not pleasant to the ear of the chivalry at Columbia or Milledgeville; and thus freighted with mischief, they find their way into the South in spite, there too, of safety committees, dishonest postmasters, furions demagogues and lynch law. Whereat, as before, the master—here a nondescript assemblage of ranting politicians—exclaims in his wrath; tbreatens—the only thing he can—disunion: blusters; deals with the North, in short, precise- ly as Louis Napoleon deals with the English ior the like offence. The most curious part of the whole of this curious analogy will be to watch its last results, Here, as this last election of ours has taught us, the threats of the Southern Master, though empty enough and windy enough to experienced care, were so terrible a sound to the merchant and the trader of the middle States, that the knees of these worthy citizens smote together, m re | their backbone yielded, and they bent in humble supplication before their lord in the South. Will it be so in England? Once before, Louis Napoleon contrived, by a well timed remon- etrance to frighten the trading class, av] through them operated on the ime. He moy very powibly repeat the manmuvre. Our traders are said to have as much backbone as the English; we see how easily they were bul- lied and made to lick the dirt; no doubt the English will do the same, and before long the Times may have changed its tone. Aw Ivston Virw or New York Pourtictays —Tar Disrrmvtion or TH: Srots.—We give elsewhere an interesting letter from Washington. It appears from the revelations of our corres pondent, who is in a position to speak by the card, that the presuming victors are beginning to divide the spoils long before they have come to hand. Arrangements are being made to kill off some troublesome fellows like Dickinson, by sending them out of the country, instead of al- lowing them to dry up and fossilize in it, which, after all, as Dogberry saith, “would be the eftest way.”” The chief point of interest in this letter, however, is the confirmation of the opinion previously expressed, that the attacks on Mayor Wood, both before and after his election, were set on foot by the email tea party of politicians meeting in the parlors of the New York Hotel, and of which clique Robert J. Walker is the qiand commander and George N. Sanders the drum major. These men affect to control the democracy of New York, when Mayor Wood, politically speaking, has been, compared to them, a Triton among the minnows. We knew very well that an attempt would he made by this clique to prejudice the incoming President against the Mayor, and saw that the journals opposed to the democracy would fall | into the trap laid for them hy Walker and com- | pany. The egotiam of those men is excessively amusing: but we opine that in the political field the Mayor is more than match for them. Heis certainly able to cope with Mr. Jobo MeKeon, who bear it Neptune actually aspires to the post of Seeretary of the lt is doubtiess } Giftigul’ to fix the ew h impudence it seome tf ; ean go, Wr ‘Wood’s influence might possibly interfere with hislandable ambition, and therefore made the tremendous attack upon the Mayor, which gave him, we ehould imagine, several thousand votes. A report from Secretary McKeon in his usual impassioned and elegant style, would be s litera- ry and official curiosity. The chiet posts in the Custom House are it seems allotted by the Walker clique to the country, and both the Collec- tor and Surveyor are to be taken from the county of Albany, and Horatio Seymour is to have a seat in the Cabinet. No doubt Mr. Buchanan will be exceedingly obliged to Forney, Walker and Sanders for chalking out his programme beforehand. With such excellent advisers in the kitchen, the Pre- sidency will be a bed of roses without a single thorn. But one thing is certain: that there is no democratic organization in New York, save that which has been created by Mayor Wood. It rep- resents the living, breathing force of the party. It isled by young men, and it has gained its victories under fresh auspices and by the aid of an infusion of a fresh ‘spirit. The victory of Mr. Buchanan in this city is due to Mayor Wood more than to any other man. All the New York hotel cliques were humbugs, and we ven- ture to say that they will fiad that Mayor Wood is amply able to take care of himself and his friends. Curious State of Things in Utah—Social and Political Aspect of Mormonism. We devote considerable space in this morn- ing’s paper to the publication of several ad- dresses of Brigham Young to the men and women, particularly the women of Utah. Mor- monism, it will be seen, is fally developed in these discourses. Those political abstractions which are made the watchwords of party, and are often the de- vices of clever politicians to gain popularity, are after all pretty unmanageable when they are carried out to the letter. All practical states- men know this perfectly well, and as machinists do in their calculations, they make a large allow- ance for friction. This, indeed, is the secret of the incohsistency which is so often charged upon even the most eminent of public men. They perceive that a rigid invariable policy will not work in the management of pub- lic affairs; and while principle is the polar star, expediency is often the current which takes them out of their course. It would be amusing to recall to mind the many of these abstractions which have been put forth and maintained in our own country—to which men have adhered with the most pious fidelity, and which, in themselves very questicnable, have produced considerable difficulty, and sometimes threatened the whole fabric of government. We have now another example of this truth in this country, and in an undeniable proposition for all who believe in republican forms of govern- ment. Itisthat the people are the true sove- reigns, and must, and of right ought to, control their own domestic institutions and forms of law ; always provided, however, that these must have a republican form; for we do not believe that we have the right to choose any other, and the con- stitution, therefore, guarantees no other. Squat- ter sovereignty haa turned up with a rea) basis of principle, carrying ont democracy to its farthest limit, and placing infant States, at the moment of embryo, ou a footing of equality with the oldest, maturest and most prosperous of their cotemporaries. But it has teen made an ex- cuse and a cover to perpetrate the grossest wrongs under its own name. As its meaning has been interpreted practically by pro-slavery men, it has led to bloodshed and disorder in Kansas, and the exercise of illegal authority, sup. ported by the military forces of the Union. As it isconstrued in Utah, Mormonism claims its aid in entering into the confederacy. The American government bas found the condition of this community singularly analagous to that of others with a political organization, and has so far pretty much left it to itself. It is character- istic of an age which has indulged in the wildest opinions of the objects of existence, the rights of individuals and the functions of States. But it is the only one which bas been able to mature itself by an independent code and policy of its owa. The sovereign power of the people of the Terri- tories to make laws for themselves, not incon- sistent with the constitution, now confirmed by the Kansas-Nebraska act, has become the handy text of Mormon politicians, Fourierism, learian- ism, Shakerism, mutual attraction and Mormon: ism—all the varieties of religious and irreligious theories which have crowded themselves upon public observation of late years—have ventured no farther than to extend themselves in a restrict- ed social form. None of their societies, or colo- nies, have until now exercised sovereign authority. But an attempt will be made forthwith, in a very serious manner. In the extracts in to-day’s He- RALD will be seen what is the aim and what is the condition of Utah, and how it claims admission among the States, upon « principle which is now fully recognized by a mojority of the American people. Mormonism, with its polygamous abomioa- tions, extends its support to the Kansas and Ne- braska act, and Utah is coming into the Union, ‘f it can, with its domestic institutions, upon the great abstraction of Territorial sovereignty. Bat a few days since the readers of the Heraco must have noticed the official endorsement of the prin ciple by Brigham Young, the Mormon President, and the avowal of the intention of the Latter Day Saints to turn it to their own account. Their proclamation contains the following ex- plicit declaration:— The democratic party \s the instrument, in God's bead, by which is wo be efircted our recngpition as e sovercign siate, with t2e domestic fovtttutions of slavery and poly. gemy, a8 established by the patriarchs and prophots cf old, under Divine autbority, and renewed to the saiats of latter days, through God's chowen rulers and prophets. At the session of the next Congress we sha!! find this official, with his forty wives and hun- dred children, demanding the admission of Utah into the Union; and how, we should like to know, is the dpplication to be refused? We have permitted the most illegal, unconstitn- tional laws to be passed by a pretended Territo rial Legislature in Kansas; and knowing them to be absolutely fals2 and fraudulent, Mr. Pierco and his administration have used the military force of the nation to enforce them. What ex- cuse can, then, be offered for refusing to admit Utah, be its laws ever so illegal and its domestic institutions ever so dangerous? Tho first step has been made in Kansas, not in the letter ror spirit of the Kansas and Nebraska act, but hy force of arms; and #0 that Territory comes hobbling along, bruised and bloody, covered with wounds and putrifying sores, to be admit- ted into the Union upon the claim of » minority of her settlers. Now comes Utah, with its po- lite) and religious monstrosities, its long and jeprous train of moral criminals, and ite domestic i that Me. Jon MeKeon | inatitations incompatible with the principles of pa: reerly bit the mark. Jobn ‘mag'ned thas | virty* and fuctice, aking to join the confederacy NESDAY, NOVEMBER 12, 1856. of American States! What will be the action of the next President and the next Congress when this new phase of Territorial sovereignty presents iteelf? » Fresco Francia, Arrams.—The circum- stance of the arrest in this city, at the close of September, of several individuals charged with defrauding the great financier and speculator, Rothechild, of a million dollars’ worth of shares, has given sise to a series of most important and interesting disclosures. We have, from time to time, within the last six or seven weeks, publish- ed statements perfectly reliable, showing how the Bourse—the great stock jobbing institution of Paris—has been converted into a political ma- chine in the State; how the highest offices of the government found in it a mine to supply their extravagance; how financiers and others admit- ted to the secrets of the management realized fa- bulous fortunes; and how the French people— the great mass of small dabblers’ in stocks and public securities—have been duped and defraud- ed. To-day we give a condensed account of these disclosures, together with some new de- velopements, particularly as to the grand and petty money making tricks of the Baron Roths- child. No person can read this page of cotemporane- ous history without being forced to connect it with the present alarming state of finan- cial affairs in France. It follows as logically as consequence follows cause, A credit system, exorbitantly inflated, was inan- gurated in France an the establishment of the present Empire. It has been maintained, as we have shown, mainly by the system of stock job- bing operations set in motion’ by the Credit Mobilier, Rothschild, Fould, and other great ca- pitalists, in which they were the only gainers and the people at large were the chief losers. But its career was necessarily limited in time. The scheme has been played out. The trades- men and smal] merchants of Paris and the Pro- vinces, who, having a little money to spare, were inveigled by this ignis fatuus, and lost it, have had their eyes opened to the system of de- ception and fraud by which they were victimized; and now public confidence is shattered, credit is destroyed and the country seems to be on the very verge of a grand social, financial and poli- tical revulsion. We have had in our own history a counter- part, to some extent, of the present condition of France. Some twenty years ago, the removal of the public deposits from the United States Bank, and the veto by General Jackson of the renewal of the charter of that institution, was followed by an enormous expansion of the banking system and an unlimited inflation of all kinds of credits, This, in its turn, was followed or accompanied by a corresponding extravagance in style of living, and by a wild spirit of speculation. But in 1837 the collapse came: publée credit was for a time destroyed, thousands of families were ruined, and the effects of the crash were to be seen for years afterwards. We are afraid that France has to go through a similar ordeal. Like causes produce like effects. There, as here in 1836-7, the credit system has been expanded far beyond healthful limits, and extravagance and speculation have ran wanton, Already the effects are being felt. The money market is exceedingly stringent, and the Bank of France has asked and been refused leave to suspend specie payments and issue post notes Financial revolutions in France are more dan- gerous than they are here, for there they are generally accompanied by political revolutioas. We trust that the ordeal will be passed through in comparative safety; but at the same time, the French people must be warned by the experience of the last few years, and learn to steer clear of the financial tricksters whose operations on the Bourse we have been exposing. Tae Brooxiyn Frerems—iucecar Actiox or ar Compaxy.—We recently had occasion to di- rect the attention of our readers to the merits of the controversy now being waged between the residents of Brooklyn and the Union Ferry Com- pany, in regard to the fresh alterations which the latter have thought proper to make in their tariff. We gave the company the benefit of the reasons alleged by them in justification of these changes, and we suggested others which might have been properly urged in their behalf. We did this, of course, on the assumption that their general alle- gations of loss on the present scale of tolls are correct, suggesting at the same time that it would tend to satisfy the public mind, and ren- der their own position more impregnable, were they to come out with a specific statement of their receipts and expenditures. This, for reasons which may be very proper and justifiable, the company have not seen fit to do; but we find that action has been taken, upon our suggestion, in the Board of Aldermen, and that the Committee on Ferries has been directed to investigate into their proceedings, and to give a regular profit and Joss statement of their aflairs. This will speedily test the question as to whether the company are dealing fairly and honestly with the public, and pot an end to the excitement and i feeling which now prevail on the subject. From what we can learn, their motive for withholding this statement is one of expedi- ency in reference to a future contingency, rather than any inconsisteney between the averments contained in their recent notification and the facts. Although their reasons for raising the tolls may be justified on investigation, there is reason to believe that they will be unable to sustain one of the arrangements they have recently adopted. They have made rather a singular mistake in sup- posing that they had a right to abolish the sys tem of commutation. In this matter they have no discretion at all, the Legislature having expressly established the principle in the interest of the Brooklyn residents. We qnote from the second section of the law of 1814:— Tl And be it further enacted, That it shall be lawful ee nea residents of imbaviants i ah i | ! 2 one eres esd erry, in aay coan having eogaizance of the same. ‘This provision, we understand, has never since Leon repealed, and is as much the law now as when it was originally passed. It is, therefore, in the power of any of the residents of Brooklyn desiring to commnte to compel the company to give them tickets; and We presume the question will speodily be put to the test. Whilst the company, we re- peat, are justified in raising the tolls to such @ point as will protect them against Joss and give them e fair return for the capital invested, they must observe all the legal restraints and respon- sibilities under which they have undertaken the ferries, We have no doubt that as soon as they recognize the mistake which they have commit— ted in this matter of commutation, they will take- steps to set themselves right with the public in regard to it, Txtnicves or THE Fossr. PoirrciaNs.—Mr, E. D. Morgan, the Chairman of the Central"Re. publican Committee, with some other old fogies- who contrived to mismanage the details of the- election 20 as to aid Robert J. Walker, Sanders & Co. in carrying Pennsylvania and New Jersey, has now come out upon another tack, and is laying plans for future opera- tions. He lately issued a private circular to- all the other fossils—Thurlow Weed included— and a conference was beld at the residence of Moses H. Grinnell. About forty or sifty old fogies assembled, including that greatest of bores and most ancient of fossils, Truman Smith of Connecticut, and Isaac Sherman, who knows a great deal more about lumber than politics. ‘There were a great many others, and also Phi- losopher Greeley, who looked like a chicken with his head cut off and his tail feathers extended af- ter the fashion of a spread cagle. It seems that the affair was a sort of oyster devouring conven- tion. Truman Smith made a speech advocating the raising of the Protestant banner as opposed to Catholicism, and making religion a test ques- tion. The folly and absurdity of this course were very properly represented by several gentlemen from this State, who replied to old Truman, showing up his utter stupidity. The truth is that all those old fogies—Morgan, Weed, and the rest—have been found out, and if the movement in favor of Fre- mont is to be carried out, the work must be done by the young men to the exclusion of the dried up fossils. ‘These old corrupt, broken down politicians in- tend to contro] the movements of the republican party here and elsewhere, but if they keep the lead the party will be as completely paralyzed asthe Know Nothings. These little cliques of intriguers, who go out to make speeches and eat oyster suppers, have no power with the masses of the people. The centre of political power is in the leading independent journals, and they will: keep a strict watch upon the movements of Mor- gan, Truman Smith, Thurlow Weed, and all who. are associated with them, Missext Lerrers.—On Monday last we drew attention to the inconveniences arising from the misdirection of commercial letters, and pointed : out the advantages resulting from the periodical publication of a list of these casualties, Since then we have received the following letter :— PawapErnra, Nov. 10, 1866. Jamas Gorvos Bawyarr, Beg.:— ify ‘very Mmited, I cannot Ould it bo soliciting 100 grect “veg very Savanmab and Mi in ‘the expense. fa. the bands of the business men of New ¥ a ‘ork for FE iE fit HE ie 34 Ht if BS, a tt f [: F =3 s 4 z 8 i § 5 3 i e § i self with the care of preparing and publishing these lists; but our Post Office Department does not seem to consider such an arrangement as en- tering within the province of its duties If we are to judge from the benefits which have re- sulted from the practice since we took it in hand, weshould say there were few details connected , with the departammt which are more important or legitimate than this. Istenment AnD Revivas ov Suxatron Doweatas. —A few days ago, relying upon incomplete telegraphic returns from Illinois, we interred Senator Douglas and pronounced his funeral oration. But later intelligence informs us that while the Fremont candidate fur Go- vernor bas been chosen, the State bas given its electoral vote for Mr. Buchanan. \nder these circumstances it will be necocsury for us to dig up Mr. Douglas, set him square on his pins, and put him on the coarse for 1406. It is gratifying to know that Douglas still lives and is ready for a third Presidential race. Tae Liesy Crique.—The Libby organ. like a dim candle, still lives. It is perhaps holding on for the chances of some crumbs of comfort from. the Treasury. Can it hold out? Will anybody bet on it? THE LATEST NEWS. BY MAGNETIC AND PRINTING TELEGRAPHS. News from Nicaragua, Caltfornia and Oregon ~ New Onuzama, Noy. 11, 1864. ‘The steamship Tennessee, with San Juan dates to the bth instant, bas arrived here. ‘The previous account # of the battles of Granade ang Massaya are fully coniirmed. General Walker's position was still more favorabie, and the health and #pirite of the army exceilen:. ‘The transit route was in (ne Condition. The Tennessee aleo brings San Francisco dates of the 12th ultimo, Trade was active and the mining prospecto good, Senator Weller had been prestrated by a revere fit Of sickness. The news ott erwise is unimportant, Arrived at San Francis: ship Onward, from New York. ‘The Indian troubles in Oregon threatoned to become more serious. Governor Stevens, who bed advanced to ‘he Walia Waila country to negotiate ® peace, had been obliged to return. The entire country north and east of Day's river was in possession of the Indians. Interesting from the National Capital. THE GRRAT OORAN TELEGRAPH—LIEUT. BRURYMAN'S REPORT—DEEP SEA SOUNDINGR—NEW WAY OF SENDING SEAMEN TO THE PACIFIO—THE ILLINOIS ELECTIONS, BTC., RTC, ‘Waenincroy, Nov. 11, 1966. Lieut, Berryman, who was font out by the Navy De fartment, {n the ship Arctlc, to sacertain the depth, by” soundings, from Newfoundland to ireland, w'th reference to the practicability of « echmarine telegraph, bas sub- mitted bin report, together w tb the mape asd charts, 10 the Navy Deprrtment, whieh will be published in the re- porte aqermmpes “ing ‘he Se-reiary'e Apetal Meport {