The New York Herald Newspaper, December 4, 1856, Page 4

NEW YORK HERALD. JAMES GORDON BENNETT, EDITOR APD PROPRIETOR. BPFICY N. W. COUNER©F NASSAU AND FULTON BTS. -++.No, 388 Weber EXT... ee seee ee eeeee AMUSEMENTS THIS EVENING, SIBLO'S GARDEN, Broscwsy—Tuatacnc’s F Levente @ercun: BOWERY THEATRE, Bowery—=t, Mana—Tux Lorrmy BURTON'S NEW THEATRE, Broadway, Bead ». —Wioron & Houseasaionn Oxia Vous Senmaae. WALLAOK’S THEATRE, Broadway—!xcouar—Pwas I. BAURA KEENE’S THEATRE, 624 Broadway—Youne Wew Youk—rcnoo. rom Tiuess. GHAMBBRS STREET THEATRE, (Late Burton'e)—ORI0N —lncon sn. BARHUM’S AVERICAN MUSEUM, Broadwey—After- eee ccx tkien DirricturY—ay Neioune.s Wire. Brening- Omiio or Tae Keoiment—Dxxps OF DREADFUL BROADWAY VARIETIES, 472 Broadway—Pug Firing Dovonmss—Penrrctivs @80. CHRISTY & WOOD'S MINSTRELS, 444 Brosd- qay.—Bruserian emroRances—Tnx OLD CLOCK. BUCKLEY'S S} XENADERS, 585 Broadway—Ermorian MragmELsy — MAkyY INHER. EB HALL, 539 Broadway.—WonvenruL TRICKS, Ld 3 Docs axp Monks. KEW YORK HEHALD—CALIFORNIA EDITION. me United States mail steamship Iilinois, Capt. Boggs, ‘will leave this port to-morrow afternoon, at two o'clock, for Aspinwall. ‘She mails for California and other parts of the Pacific ‘will alose mt one o'clock. Phe News. ‘We bave important intelligence from Europe, re- eeived by the Arabia, which arrived at Halifax yes terday. She left Liverpool at 2 P. #.on the after- noon of the 22d ult. The dates are, tmerefore, one week later than thore received by the Persia at this port. A general stagnation prevailed in political affairs. This gratifying circumstance, together with the receipt of £1,300,000 in gold from Australia, and an increase of £154,000 sterling in the bullion department of the Bank of England during the week, caused a vigorous reaction in the money mar- kets of London and Paris. A speedy reduction in the rate of interest to six per cemt was therefore predicted. Censuis are quoted at 93} for money end 93f a 93§ tor account. American staples were dull. Cotton bad declined an eighth of a penpy on the lower qualities, but the latest advices veport a quiet and steady magket, Wheat had de- led three pense per bushel, and flour one shiliing per barrel. Provisions were also dull. The total lees of the American ship General Dunlop, at Karopa Point, Gibraltar, is reported. Her officers and crew were rescued. There had been a revolu- ‘onary outbreak at Malaga,in Spain, but it was promptly suppressed. The contracts for making and laying down the telegraphic cable between ‘Newfoundland and Ireland have been concluded. It ie believed that the line will be in operasion by the 4th of Joly next. Colonel Pearson and Samuel Price, of San Francisco, came passengers in the Arabia. ‘The announcement of the death of the late Sena- tor Clayton put a stop to business in both houses of @ongress yesterday at an early hour. Eloquen eulogies upon the public services and private virtues of the deceased were delivered, and the usual resolutions adopted. In the Senate, early in the session, Mr. Rask pre sented the resolutions of the Texas Legislature, protesting against the further payment cf the claims provided for by the actof Congress of February 28, 1855, and resolution was adopted calling on the Secretary of the Treasury for a statement of the amount of claims not yet presented tor payment. It appears that speculators are likely to exhaust the sum appropriated to meet these claims before the more deserving bat jess active claimants can have their applications daly acted on. The House made no progress to- wards a settlement of the question of the admission @f the delegate from Kansas. Tne democrats are working hard for a postponement of the case until they can bring up the absentees, when they expect wo carry their point. Our Washington despatch contains some iaterest ing facts regarding the action of the President with reference to the recognition of the Miaisters from ‘Wiearagua, and his remarks upon that sudject in his annual message to Congress. They place the Pre- eident in a humiliating position. Read tne despatch Gen. Persi'r P. Smith, commanding the militacy de- partment of the West, writes to the War Department, ‘ander date of the i 1th ult., that order and tranquil ity have gradually resumed their sway in Kansas. ‘The border raffians having been quieted, the troops im the Territory, with the exception of a squadron of dragoons and one company of in“antry, who are to remain anc guard the State prisopers, are hence- forth to devote themselves to making preparations for a compaign against the Cheyenues Indians in the spring. The winter in Kaness bas commenced with severity much earlier than aeual. The steamship Cabawba arrived last evening from Havana after a very quick run of three days and twenty-three hours. Our advices are to the 29th ultimo. Business was improving in Havana ; stock of sagar on hand 100,000 boxes ; Exchange on New York ond Boston, 8 percent discount. Four hun. dred and forty-eight coolie apprentices had been landed. The mave of an/american ship had been stabbed badly by one of the crew at Cardenas, bat the names of the menor the name of the vessel are pot given. An errival from Benguela at this city reports that the schooner Fiying Bagie, Captain Cook, from New York Jane 6, was at that place on the 23d Septem- ber, waiting for a United States vessel of war, she baving been seized by the Portuguese authorities for having a slave cago on board, and also for the pay ment of a cargo of slaves landed in Cuba by an other vessel. The testimony in the case of Louis Baker was con- clnded yesterday. The lawyers will sam ap, and the case will probably be committed to the jury on Friday. The Board of Supervisors last evening appointed Alderman Brown, of the First ward, a Tax Commis sioner, for three years from the Ist of January next, in place of ¢x-Alderman Peck, whose term of office will then expire. A bill of $425, for refresiments consumed by the County Canvassers, was ordered to be paid. In the Boerd of Councilmen last evening the mi- nority report of the Committee on Assessments, ad- verse to paving and grading Seventieth street from Tenth avenue to the Hadson river, was discussed, and finally adopted by a vote of eighteen to fifteen. Councilman Swan, io the course of the debate, re marked thet be believed interested parties holding official positions conspired against the taxpayers ‘There is more truth than novelty in the idea. On the morning of the Sd inst., locomotive No. 143, attached to the milk train of the New York and Erie Railroad, when near Sufferns station, exploded, killing instantly G. W. Vance, the engineer, and se- verely injuring H. Carey. the fireman, and two brake- men. The cause of the explosion has not yet been vatisfactorily ascertained. The Commissioners of Emigration met yesterday, but did not do any ay aac venss Daring the month of January vessels landed 17,422 Londable passengers at Castle Garden, whow means averaged $69 69 per head. The emigration to (hie port e9 far this yeas has begg 198,765, ap NEW YORK HERALD, THURSDAY, DECEMBER 4, 1856. ‘increase overlast-year of 11.471. The affairs of thy ‘commission are tm flourishing condition. The dis- ated claim with the Ten Governors of $75,.00 for ‘the cure of emigrant paupers has beem referred to Judge Cowles for arbitration. ‘The cattle market yesterday, owing to the heavy rain which prevailed, was decidedly dull, especially during the forenoon. Prices ranged from 7c. a 1lec., the latter rate being paid for the best quality only. Cows and calves sold at $25 a $65. Veal calves were in better demand at a trifle advance. Im other descriptions of stock there was no material varia- tion from the previous week’s prices. The extreme inclemency of the weather yesterday tended to check transactions in many kinds of pro- duee. The sales of cotton embraced about 1,500 a 2,000 bales, without change in prices, while the market closed firm. Flour was inactive, and for common grades of State and Western, about five cents per barrel lower, while other descriptions were without alteration of moment. Wheat was in fair request, with moderate sales at unchanged prices. Corn was quiet and sales limited, at 70c. a 7lc. for mixed, and 74c. for prime Western yellow. Pork was steady with sales of oid mess at $19, and new do. at $19 50. Sugars were firm, while ssles were confined to about 320 hhds., the prices of which are given in another column. Coffee was quiet. Freights were steady with moderate engagements to Liver- pool and London. ‘The Northern Pettifoggers of the Senate and the Southern Pettifogger of the White House on the Slavery Question. The debate of Tuesday, in the Senate, on the President’s Message, touched a salient point or two worthy of special notice. Mr. Hale was undoubtedly right in denying the imputation of a seditious and aggressive spirit cast through the President’s Message upon that mighty phalanx of the American people who supported Fremont in the late election. With a few exceptions, the supporters of Fremont were honest, Union loving, conservative and law-abiding men. In this light, the thanks extended by Mr. Brown, of Mississippi, to poor Pierce, “for his fidelity in sounding the voice of warning against sectional strife,” and Mr. Brown's sweeping allezation that “the supporters of Fremont are driving at the abolition of slavery everywhere,” were not only superfiaous and gra- tuitous, but contemptible and ridiculous. As Mr. Brown, however, is a devoted follower of Jefferson Davis, and his programme of Southern secession and a Southern confederacy, his thanks to poor Pierce may be excused. The peculiar views of Mr. Mason, of Virginia, on the same subject, may also be passed over, inasmuch as Mr. Mason is particulariy ambitions to be smong the rulers of a Southern confedera- cy, rather than among the public servants of the whole Union. In the latter position he is some- what overshadowed and oPscured; in the former he might, perhaps, become a conspicuous leader, and one of the shining lights of the great South- ern federation projected by Gen. William Walker, “upon military principles.” But there were two Northern men participating in this Senate debate of Tuesday on the Message, who cannot be passed over in silence—Mr.Se- ward, of New York, and General Wilson, of Massachusetts—the former a thoroughly trained sectional demagogue, the latter a bold and fiery anti+lavery fanatic. The allusions of Mr. Brown to the abolition lectares of those to sectional declaimers were substantially correct. There is not so much of metbod in the madness of Wilson, but bis speeches during the late cempaign were more or less tinged and tinctured with that leaven of ubotitionism which has for its ultimatum “no union with slavebolders.”” As for Seward, he was not a very zealous or active Fremont stumper in the late campaign; but in what he did, he betrayed the same instincts at the bottom, which are always, with Lloyd Garrison, at the top. Mr. Seward, during the late canvass, made a campaigning speech at Albany, another at Buf- falo, another at Detroit, and another at Auburn, and in eaeh of these speeches, more or less, the pervading idea is this—that Southern slavery is an exerescence, a disease demanding a radical re- medy, and that we should labor, in season and out of season, to get rid of the evil, and at all hazards. In harping upon the South as the “slave power” and the “slaveholding oligarchy,” and upon the slaveholders as a class which it is the duty of the North to put down, Mr. Seward bad made himself the proper subject for every word of reproof uttered against him by Mr Brown. We take it for granted that in none of the beavy volume of heavy public speeches deliver- ed by Mr. Seward, bas he ever directly recom- mended, like Garrison, the abolition of slavery in the Southern States, constitution or no constitu- tien, Union or no Union. Mr. Seward is a dema- gogue, a pettifogger and a trickster too cunning for this, He isnot the man to expose himself, like Garrison, by an attempt to storm the citadel —bis policy is that of regular approaches, and miving and starving out. But he is only playing the by pocrite in pleading his attachment and con- sistency to the letter of the constitution and its compromises of Union, while laboring, as be bas labored, in violation of the spirit of the constitu- tion, to array the North against the South. as against a domineering section, and against the slaveholders of the South as the despotic go- verning “class” of the country. This course of campaigning on the part of Mr. Seward did much to place Fremont in a false position in the cen- tral States, and much to damage his cause among their conservative people, who love the whole Union, and who know what the constitution re- quires of all good citizens. Had W. H. Seward and bis little clique gone off with Martin Van Bu- ren in support of Mr. Buchanan as the true anti- slavery extension candidate, we might have had a different result in thé election. We know not which is most conspicuous—the self complacent innocence of Wilson and Seward in the Senate debate of Taesday, or the cool im- pudence of poor Pierce in his Message. The in- jured dignity of Seward is amusing; bat the an- idushing effrontery of Pierce is magnificent. San- ta Anna bas not lost his good opinion of his own greaimers and achievements in his return to his exile at Carthagena; but Pierce will return to Concord under the delu- sion that be has saved the Union and elected Bu- ebanan, if we may believe him. We have, how- ever, no reason and no right to believe him. He entered upon his office with treachery upon his lips. and he will go out of it cousistent only to his faise pretences. He pledged us, in his inau- gural, to avoid the slavery agitation, and to promote the legitimate ends of internal harmony | and external peace. He has embroiled ws at home in the bitterest sectional, religions and party excitements, and has exhausted all the | mean devices of a craven spirit to secure the paltry mockery of snubbing, as far as possible, game of self-abasement and national reproach ‘The Message on Our Foreign Relations. for Southern votesat the Cincimnati Convention. He has played the libeller in his pettifogging misrepresentations of the facte of histery—he has played the traitor in his vielation ef the consti- tution and the organic law of Kansas, and in that border ruffian policy of military subjugation which “stinks in the nostrils” of an offended peo- ple. He bas played the sneak im lacking the moral courage to do right, where his timely in- terposition in behalf of the constitution and the organic law would have saved the people of Kansas from fire and eword, the government from the disgrace which those scenes have en- tailed upon it, and the President from the re- sponsibility of the innocent blood which cries to heaven from the wasted plaine of Kansas for justice. Last of all, after being cast out by the North, and repudiated by the South, this unhappy man rejoices in the works of qe falsifier, the egotist and the toady. He would have us believe that there never was such a model of justice, wisdom, firmness, sagaci- ty and patriotism as this New Hampshire Aris- tides—that there never has been a more glorious or patriotic administration—that it has done eve- rything for us that could be done, and has done all things well—that Mr. Buchanan has been elected on the merits of poor Pierce, and that the way to everlasting glory is poor Pierce's downhill road to ruin. Grant that the man may be excused for all thie —grant that he really believes his administration has been glorious without a parrallel—-grant that he feels it in his boots that his splendid domestic and foreign policy have elected Buchanan, we cannot, for the life of us, conjecture why the man should still play the toady and the spaniel to the Southern disunion faction. What can this fac- tion do for him now? Does he expect, from the seed of this Message, to reap a crop that will pay expenses in the democratic convention of 1860? Can this be his game? There is no limit to the in- fatuation of a man with a fixed idea in his head; and it may be that Pierce considers himself in 1856 just as good for a second term as Martin Van Buren held himself to be after his crusting de- feat in 1840, Orit may be that Mr. Pierce has hit upon a nice little expedient of revenge in writing his own official history and thrusting it upon his party while yet he has the power. Whatever may bave been the motives and ob- jects of the fualsifications, perversions, suppres- signs, false issues and false pretences of poor Pierce's Message, he is welcome to the thanks of Mr. Brown. We predict that Mr. Buchanan wil! pay about as much attention to these instructions of Mr. Pierce as Mr. Polk paid to the farewell address of Captain Tyler. The President elect would enter upon a more inviting office had Pierce been half a Tyler. We still thank Mr. Brown for calling our attention to Messra. Seward and Wilson. Their innocence of a sec- tional war upon the slavery question was fitly pronounced upon Pierce’s Message. It is a good document for all such sectional agitators to swear by. The hypocrisy of Seward and Wilson is cool; but the effrontery of poor Pierce is posi- tively sublime. “The lion and the lamb shall lie down together.” What a lamb is Seward— and what a lion is poor Pierce! Over Porv.anity at THE Sovra.—The Charles- ton Mercury seems to grieve over its own idea that the couree pursued by the New York Hen- aLp during the recent election has destroyed our popularity in the Southern States. Our popu- larity in the Southern States! What did that ever amount to? For thirty years we have been supporting and defending the constitutional rights of the South, and the most violent personal abuse that has been heaped upon us has came from the politicians and editors in the Southern States. During the very last year when we were defending the constitutional rights of the South, Governor Wise and his tribe of Virginia elanderers, led on by the Richmoad Enquirer, were continually assailing us personally —sometimes on the stump—sometimes on the floor of Congrese—sometimes in the columns of their newspapers, charging us with all sorts of rascalities, and abusing us for endeavoring to defend their interests. That is the popularity— that is the gratitude which we have had at the hands of the South for many years past. The true popularity of the Henan is in this metro- polis; it is supported by this metropolis; its inde- pendence is secured by the patronage which it meets in this metropolis. We are indebted to no section of the country for our support—that comes from this city. Yet we will hereafter, as well as we have done before, defend and support the constitutional rights of every section, pay- ing especial regard to the great central States from whence came our progress, our ideas, our civilization, our power and our prosperity. . Tne Cnevatrer Wess iy Wasutvorox.—We perceive by our Washington correspondence that our distinguished cotemporary, the Chevalier Webb, has removed from this city, bag and bag- gage, scrip and scrippage, and taken up his resi- dence at the national capital. He pitched his camp at the house formerly occupied by Mr. Faulkner, of Virginia, and is to begin his career by a grand dinner party on Saturday of this week. This will be repeated at intervals during the next three months, and the Chevalier also intends to give some tea parties after the fashion of those given by Lords Palmerston and Clarendon when the Chevalier wes in London. The ostensible object of the Chevalier Webb is to introduce in Washington the etyle of diplomacy which be saw in London; but his principal business is with the lobby, he being engaged ata high bonus—something over fifty-two thousand dollars—to aid and assist in getting through Congress several jobs, such as the Pacific railway echemes, the alteration of the duties upon railway iron, and several other apeci- fic schemes. We had supposed, previous to re- ceiving this important intelligence, that our gal- lant cotemporary would be a candidate before the Legislature for the United States Senatorship from this State; but with a sharp eye to the main chance, he undoubtedly imagines that lob- byiog in Washington, at the rate of fifty-two thousand dollars per job, will pay much better. Tur Horns av Wastinorox.One of the Washington journals—whose atiuchés are un- doubtedly on the free list at the bare of the various hotels—considers these hotels as the most splendid, convenient, luxurious and comfortable establishments in the world. Now, every one who travels to Washington, except the lobby members, pronounces them the | meanest, dearest and dirtiest establishments— the naval powers of Europe, without risking the | hazards ot a collision. Of all things, upon this Kansas issue, has this poor man Pierce played the huckster, the libel- ler, the traitor and the meak. He has played the hugkster in the most deeperate and reckless almost without exception—in the world. It is not remarkable that the lobby members like the hotels, As agents for the corruption of Congress- men, the Washington hotels are about on a par with the disreputable female influence which the lobby vometin# finds so exgeedingly effective. It must strike every one on perusal ef the President’s Message that it was written under some powerful control. On Kansas he was al- lowed to spread himself without stint, and the extent to which he has done so is convincing proof that there he had the largest liberty. But on our foreign relations it was quite another matter. True it is that he was permitted to exhibit his valor toward the little seven by nine republics south of ys, and he has availed himeelf of this permission with a spirit that is quite up to the Greytown standard. All our relations with the leading nations of the world, however, are passed over with a curtness that is quite amusing. We are informed that he has teld us already of the settlement of the “Enlistment Questiun,” and that he will tell us about the Central American arrangement with Great Britain when the ar- raagement is concluded. The question of the “Sound Dues” with Denmark must wait the conclusion of some arrangement between that government and the ether powers of Europe— or in other words, it is turned over to Mr. Bu- chanan, as there is no immediate prospect of another chance to brag on that hand. Spain 8 turned off with a couple of lines, as, in the Mi- cawber policy of poor Pierce, “ nothing has tarned up.” The Hon. Augustus Cesar Dodge is patiently waiting at Madrid for a reply to his first communication to the Spanish government, asking for some relief from the onerous burdens that are now laid upon our commerce with Cuba. We hope he may getit. Russia and the Emperor of France have made a polite bow to u3 on re- ceipt of Marcy’s letter on privateering, and se- veral of the smaller European Powers curtsied on the same occasion, That is the extent of Mr. Pierce’s views on our existing relations with Europe. The secret of this control over the Message is clearly exhibited in our Washington letter publish- ed yesterday. Marcy has ceen the popular tendency toward a good understanding between the two greatest commercial nations of the world, and as- pires to the credit of creating it. He is preparing to bring forward a “ good intent” alliance with England as a measure of his own. But this alli- ance has sprung up some time since between the people of the two nations, and its growth has not only been independent, but in spite of poli- ticians and premiers. Disraeli saw it months since, and endeavored to seize it for his owa pur- poses, by declaring in Parliament that the exten- sién of American rule on this continent was but an extension of markets for British goods. Pal- merston has been forced, much against his will, to succumb to the popular tide, as we have seen in his late speech at Liverpool. Marcy is behind in the race just now, but with good jockeying, who knows where he may be on the fourth of March next. The Central American which will soon come before the Senate for ition, is one of the early fruits of this poptfar feeling between us and England. The Heravv has laid its tenor before the world months since, and both nations have already ratified it. The Bay Islands are ceded back to Honduras. Greytown is recognis- ed as belonging to Nicaragua ; and the Mosquito Protectorate is to be left to the depopulation which bad whiskey is rapidly producing there. As to whether the supplemental arrangement will “be concurred in by all the parties to be affected by it,” will be settled by Gen. Walker, Garrison, Morgan, and our old friend George Law. Mexico afforded the valiant Pierce a capital opportunity to show his pluck, and he has em- braced the occasion. Comonfort is surrounded with difficulties Domestic troubles assail him on all sides; threatens him with a blockade; Spain @ of a re-conquest; and France bas several little matters which she wants arranged at once. Here is a chance for valor, and poor Pierce at once seizes it. He tells us that it is against Mexico that complaints of wrongs inflicted upon our citizens are most numerous; but af that country is in a disturbed political condition, he advises forbearance and magnanimity. Now, the simple state of the matter is this. We have not heard of an out- rage upon an American citizen in that country, except Marcy's outrage upon Gen. Gadsden, since the overthrow of Santa Anna. But in the diflicul- ties with which Comonfort is surrounded, and in view of possible serious complications with eome of the European Powers, particularly with Spain, he sent a special mes- senger to Washington to ask what ground our government stood upon in regard to the Monroe policy; and if it would aseume its natural po- sition as the head of the American republics, and lend them its moral support in case of any collision Poor Pierce was somewhat puzzled with these queries and hence his ire against Mexico. Nicaragua has presented another dilemma to the Cabinet. Minister Wheeler was instructed to recognise the Walker government, and then is recalled for doing so. Padre Vijil is received, and then hie successor is rejected. Somebo:/ else comes along asking fora recognition of the Rivas govenment, and this 0 confuses the ad- ministration that it thinks best to wait for “fur- ther developements.” Let it wait. Administra- tions like the present have no other resource than to wait; but in the meantime events do ist wait, and the whole question will settle itself much better without the assistance of Pierce than it could with it. The New Granadian questions afforded the same opportunity for an exhibition of valor aad public spirit that Mexico had presented. Forti- fied with aseurances from that government that it entertained the most cordial sympathies to- ward our own, Pierce was safe, and Marcy did not care a fig. A little brag might be a good capital for Mr. Commissioner Morse during his proximate visit to Bogom. So brag was the game to be played. We have already explained the posit and true bearing of these questions, aad b.ve shown how simple they are, and how easily they can be arranged. The mail tax law was ao effi. sion of a red republican majority in the New Gra- nadian Legislature, and was merely intended for political capital during their recent Presidentiat election, That election has come off, and whe reds were overthrown; while the government at Bogota bas shown its good sense and favorable disposition by suspending the execution of tee law, which shoald have gone into effect on the Ist of September last. Negotiations are now in pro- gress which will settle the whole question. Tbe future security of the Isthmus transit at Panama rests with the Panama Railroad Company, as we have also shown. Ifitcan induce oar govern- ment to relieve it of the expense of that police which its charter obliges it to maintain, it will be so much clear gain for the stockholders, and so much loss to the country, and at the same time have a good effect upon the value of the stock. This ie only a Wall street move, On the whole, it wijl be seen, with the assistance we have ren- dered to Pierce in laying before the country a picture of our foreign relations, that they are in 0 very satisfactory condition, __ 'The Report of the Secretary of the Treasury. We publish elsewhere Mr. Guthrie’s report which, as usual, will be found an able satisfacto- ry document. There is a sense in which this, like some other Treasury reports we have lately read, is mostly remarkable for its originality; the positions taken by the reporter, in consequence of the cir- cumstances with which he has to deal being wholly unexampled in the history of finance. History may be ransacked in vain for another situation in which a Minister of Finance implored the legislative authority to deplete his coffers ; and the embarrassment which would have been created in the money market by the absorption Of specie in the treasury, had it not been for the redemption of the debt, is, it is believed, an equally astounding symptom. To come to facts, we find that the sum pro- duced by the various revenues of government during the fiscal year ending 30th June, 1856, was no less than $73,918,141 ; nearly five mil- lions of.doHars over the Treasury estimate. Of this sum, about sixty-four millions were derived from the customs, The expenditures of the year were $72,948,792; of which $12,948,792 went to the redemption of the public debt. As we stated yesterday, the public debt, which, after the ad- dition of two millions and three-quarters on ac- count of Texas, amounted to $71,879,937 has now been reduced to the neighborhood of thirty auillione, Like the President, Mr. Guthrie estimates that forty-eight millions—the average of the public expenditures for the last five years, exclusive of payments on account of the debt and indemnity to Mexico—will amply suffice to keep the govern- ment going for the next four years to come. The figures no doubt indicate as much. But, with the proclivities of the incoming administration Cuba-ward, it will be strange if the surplus be not swallowed up before half Mr. Buchanan’s term is over. However, anticipating no such contingency, Mr. Guthrie goes on to recommend the extension of the free list so as to admit all materials used in manufactures, and especially wool, free of duty. Thus far, Mr. Guthrie will obtain the cordial support of all reflecting per- sons, With regard to iron and steel, he seems to consider that our present laws are fair enough; and a passage in his report rather casts censure upon those who seek to free the consumers of iron from the incubus of a heavy duty. There is @ degree of plausibility in the argument of the learned Secretary; but still, one would think, no arguments can prove that it is better to tax us all for the benefit of a few iron founders, than to let the iron founders shift for themselves, and to give us all what spades, knives, rails and machinery we require as cheap as possible. Mr. Guthrie estimates that in 1870 the United States will supply all the iron needed for their own consumption: he speaks with confident pleasure of the abundance of the supply of the ore and the proximity of suitable fluxes, and fuel. Why, then, in the name of all that is reasonable, not leave this so highly fa- vored industry to its own resources? A considerable portion of the report is devoted to the subject of currency and finance. Mr. Guth- tie sees no danger in the continued export of specie; nor indeed does any sensible person. He estimates that we have retained in the country $150,000,000 of California gold; which is $50,- 000,000 more than the officers of the mint give us credit for having. As to the banks, Mr. Guth- rie appears to concur with the opinions here- tofore expressed in this journal in reference to the benefit that we should derive from a general superintendence of the subject by the general government. But he does not think the question | now open to consideration. The States, he says, would never yield the powers they have observ- ed, and besides, during the pendency of the charters they had granted, they are themselves powerless, We have had occasion to make remarks very similar to these on one or two oc- casions during the past year or two; and we con- fees, with Mr. Guthrie, that the question appears one of very difficult selution as the matter stands. There canbe no question but our own banks which are probably among the safest in the country are not uniformly managed on the prin- ciples which ought to govern great financial insti- tutions: many of them are mere bottleholders to the gamblers in fancy stocks in Wall street, and rather impede than facilitate a wholesome com- mercial intercourse. But the evil seems past cure. | We shall have occasion to deal with separate portions of this report hereafter; meanwhile, itis, like all Mr. Guthrie’s, highly creditable to its au- thor and to the country. Tur Ricumonn Juyta cron New York Pot 3 1c8.—One of the organs of the Richmond Junta | —the Examiner—edvises the incoming adminis- tration to secure the harmony of the democratic factions in this State, by giving all the offices to Pennsylvania, Indiana and Ilinois—States which remained firm in the faith—while New York, with the exception of this city, went over to the enemy. The Richmond Juuta evidently means to assume entire control over the new adminis- tration, not only with regard to the portion of the spoils to be given to Virginia, but in all other matters in every part of the country. How far they will succeed in this remains to be seen. All the factions here are organizing for the coming struggle. Mr. Sumver’s Heavra.—We see that some of the papers in the republican interest publish from time to time paragraphs about Senator Sumner’s health, regretting that he cannot resume his seat in Congress, Some democratic journals, on the other hand, have made light of his illness, and in- sinnate that he is kept confined to his room by his party for political effect. We have heard an account of the assault on Mr. Samner from au eye witness whose testimony was not fully broaght out on the trial; he says that perhaps each « scene never before occurred in a civilized com- munity. And from the natare of the injuries he saw inflicted he feels satisfied that Mr. Sumoer has received an injury of which be can never re cover. Indeed, from what he says, we are led to believe that the hopes which are entertained of Mr. Sumner’s ever resuming his seat in the So nate are unjustified. His nervous system aad brain must have received a shock whieh will forever disable him from intellectual exertion. Reriy To THe Sucka Dove.—Will not our amiable cotemporaries of the 7ribune admir that the Legislature of a free State ha right to establish slavery as o local institution ? After the Revolution slavery existed in nearly all the Northern States, and was abolished by acts of the Legislatures. The same power could estab- lish as well as abolish. It will take a great dea! of higher law to get over that fact, A | other ships were expected ‘Tux Omevatier Wixorr’s Dirtomaric Exre- — RIENCES AND Romantic ADVENTURES.—The Che- valier Wikoff’s new book will: be out: in a few days, and will make, we predict, a greater furore than his first work upon his courtship and its consequences. The new book. is of a graver character than the other, but in some points of view it will be'found even more interesting. It gives an inside view of European diplomacy, and more fully explains the causes which led to the Chevalier’s incarceration at Genoa. But the most interesting portion of the work is the chapter upon Lord Palmerston and: his policy, in which a great deal of light is thrown upon - the secret springs upon which the alliance be- tween France and England was founded. Else- where we publish the Chevalier’s preface, which will be found temptingly piquant. ARBIVAL OF THE ARABIA AY HALIFAX. ONE WEEK LATER FROM EUROPE. IMPORTANT FINANCIAL INTELLIGENCE. Arrival of £1,300,000 in Gold from: Australia, . ADVANCE IN THE ENGLISH AND FRENCH FUNDS. Consols, 93 1-2 for Money—93 5-8 a 93 3-4 for Account. Cotton, Breadstuffs and Provisiens - Inactive. POLITICAL NEWS UNIMPORTANT. Loss of the American Ship Gen. Dunlop, &o., &., &o. [BY AMERICAN PRINTING TELEGRAPH 00.’8 LuvEe, 2] WALL eT.) Hasiwax, Dec. 3, 1856. The royal mail steamship Arabia, Capt. Stone, arrived at her wharf in this olty at balf past 1 o’clock this after- noon, en roule for Boston. She leit Liverpoot at 2 P. M. on Saturday, the 22d of November—ber news is conse- quently ane week later than that received by the Persia at New York. The A. sailed at 6 P. M., with a light east ‘wind, for Boston, where she will be due at an early hour - on Friday morning. The Collins steamship Atiantic arrived out at Liverpool at 4 P. M. on Thursday, 20th ult. ‘The steamship North Amesioan, from Quebec, arrived out on the evening of the Mist ult. The left Southampton on the 19th of November for New York, and the steamship City of Man- chester sailed from Liverpool on the same day for Phil- adelphia. ‘The American ship General Dunlap, while passing to the eastward due to Europa Point, missed stays, went ashore and became atotal wreck. The crew-were saved. H. B. M, steam sloop Curley, Capt. Horton, gave prompt aid, which the United States Consul at Gibralar duly ac- knowledged. Political affairs were more quit. The various disquiet- ing rumors respecting the instability of the Anglo-French alliance had disappeared, causing a rise during the week of nearly one per cent in the funds. At the same time most articles of commerce had experienced a check, and busi- peas had been less animated. GREAT BRITAIN. LARGE ARRIVALS OF GOLD—THE TELEGRAPH BB- TWEEN BUROPE AND AMERICA. ‘The ships James Baines and Lightning had arrived at Liverpool with a million and five hundred thousand pounds in specie. Jn connection therewith aud with the absence of further withdrawals trom the bank, the Times anticipates an early return tothe rate of six,per cent butsays much will depend on thé next advices from China and India. ‘The bank returns for the week show considerable in z 5 | i FRANCE. REACTION IN THE PRENCH MONEY MARKST, A Yori correspondeat writes that ine /mperor ant Empress, with a select party, will, after ail, go wo Fon- Atreaty of commerce bas been concluded between France and the Sandwich is ands. ous in the Freneb They E Cents, 67f. 84c.: Four and a Half per Cents, dif. ‘The condition of the Bank continues to improve. SPAIN. ABORTIVE REVOLUTIONARY DEMONSTRATION AT MALAGA. The the S| Bour- bons 5 ot was kopt in tho dark as to the real project of the | party, which was her own the marriage of daughter to the cidest son of Tofante, Noa Juan. movement bad taken . At Killed, The garrivon bad seven men wounded. Maori, Nov. 20. ‘The force of the artillery is fixed at 12,000 men. Tran- quility ts restored at Malaga. There have heen slight die- torpances Numerous arrests beyo been ‘was probable that within s day.or two the Neapoli- ad remained In @ state oF wagetiae a i J i : H FE F : DENMARK. Tho Pruasisn Oorretpondrnce, ot Kerlin says —~ ‘We jearn from a goot rource that the ise notes sent mbagen by Prussia avd Austria ‘x the 10th of December at the period when those Powers will bring the question of the Sonod Dues before the Germanic Diet. In the event of either r Btations being unatteaded b. by the Panieh Government, it {+ announced that fogiand har to pay to Denmark, a8 the price of redeeming the Soand Dues, a capital su@ calculated on an anual evenue of £45,000 The Britiah at present pay £70,000 yearly as passing tolls. prom @ THE East. ‘cos from Constanticopte of the 13th tnstant state that M. D. Boutonietic bad again endeavored to obtain trom the government the dismiaral of English abyps trom the Bi sphorus, The attempt of Terouk Kahn had felled to effect, with Lord Redcliffe, s settlement of the disputes bei ween kag iand and Persia, Poglisd frigate had arrived at Constantinople, and s THE BLAOK gpa. ‘The Paris Pays contains the foi! im explanation rela | tive to the firing on the Foglieh gunboat ot Yenixale:— “We ‘Wo believe the affair has been explained to the satisfac. tion of both parties, The gunboat being evoat to pass the strait, a givn Jonded with powder was fired, accord. ing to common sare, a4 a rigast, The capiaia explained to the cotpmandant of the forts his reason for to those waters. The pad — having beon ion, a one wes fired, subsequentty « third after — the hoglieh vessel snaweret and ac req ae Dexia two commacding explavations, agreed to matter to ibe two om.