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4 NEW YORK HERALD. JAM eS “ToRDOS BENNETT, REITOR AMD PROPRIETOR, Prricd &. W. OCO8DER OF NASSAU AND FULTON ere. TERMS. as SHE Dally THE © ELKL = i LARLY Rectum TO BEAL AL LNTERRS 4” D ST US ‘E take pe VER TISEMEN Tr 60S RENE nonyirous comnunicntions. We do x¥I. AMUSEMENTS THIS BVENING, @BL0'S GARDEN, Yroadway—ExGusu Orpaa—Vairy er \NDOR”. SOWRRY THE<TRE Bowery Gaus or Lore -SuIGIN@ ayy Laxcise—Pavby Kyay's Due, 60RTON'S NEW 7 1, Breadweg, appenite Bond RY. sgraet—Downey 41D Se F.LLsOk'S THEATRE, Broadway—Tux Rrvass—Wrrew oy Wer Die MSRR. AaTRa KEBNE'S SERATER, 614 Breadway—Youne ere LoUK~-sECOND Plax ERS STREET TI Day s— Tun Hsexaw's Fo# ATRE, (Late Burton’s)—Eams sroscway.—Afier- BARNUM'B AMERICAN MUSEUM, éyeniue— —Tear BowesEp Sany—Pee Cosa Teron, RIC SION—TORRING Te ES. CHRISTY & WOOD'S MINSTRELS, 4:4 Broad- Brworias Pesrosm.xces--Tae OL? Clock. Pm vay. ADERS, 085 Broadway—Ermoruay BUCKLEWS 35: Meer lo) ~ CLADMR ER, FINES BA wu Downer ‘Dus dso Moss edveny.—Wonneneva THICKS, ATBEN OTM, 65 —-Heronical Pautimes oF Bavowtionssy By ———S—— Ol — ow Vora, Tucsday, Sovember 16, 1850. Mails for Europe. waa SOW YORK S8sALD—EDITION FOR BUXOPS. ‘Pho Cunard sieamship Aradia, Capt. Sione, will leave — on Wednesday, at noon, for Liverpool. fhe European wails will close in thie city st balf- past two o'clock this e/lernoon. ‘Wes Karopoan euition of the Swap, printed in French gad Ragiiah, will de pabilahed ot ten @’cloek Im the morr+ img. Sagie vopice, D wrappers, cixpence ‘Sabeor'ptions and advertisemeata for avy edition of the ew Toss Huaaup will de recetved at she following places im Surcpe — Leanov— Am p Penge Breen Oe, ol ‘Willisrn 33, Pann Do. 8’ Pince de la ne g Laysmrom-—Do ~ (Bapol Buater, 14 Sxchaage erect, East, ‘The contents of the Furopean edition of tbe Bmwstp will gmabrace the news received by mail and telegraph at the ooo tary ibe previocs woek, and te the hour of pabli ‘The News. The steamer Tennessee arrived yesterday, bring- img very important and exciting news from Niva- vagua. The report of the barning of Granada is confirmed General Henaingsen and three or four bandred of Walker's troops are besieged vy the al- Jies in a seburban church—Walker meanwhile keep- ‘we on board one of bis boats on the lake. His ar- tiliery and munitions of wer are in Granada; and unless he was speedily reinforced with men and pro- visions there reems to be little hope of recovering his ground. The sick and woended, with the women end children who were in Granada before its de- stenction, were, to the number of some bandred and iifty, conveyed to the island of Ometepe, in the », where they suffered dreadful pi ms for some days, aud were then surprised ani atiacked natives. Some twenty escaped, bat there ¥ — as to the fate of the re- The accounts which we give of recent Vicaragua are very fail, and ere intecsely A New York correspondeat of the Philadelphia Bulletin says that edvices received by the Tennes- see from Jamaica, state that the entire British fleet on that station had been ordered to hold itself in readiness to proceed to the Gulf of Mexico, fur the g the Mexican ports. The y the sling orders were daily be an old story re- how the Tensessee purpose of blockade despatches conve: expected. We 5 vived, as it is mot very cle eould have b ¢ intel: even if it were true. Tie letter of our correspondent at Lima, published else chere, contains the latest and most authentic news relntive to the revolutionary movements in Per ow of Cast la’s government ap. pears to be cer . Contineutel treaty as it i+ termed rtection of P. acd her neighbors, ys of the filibasters—ay outlive of nur correspoudent— will doubtiess attract th Ovr correspondents at Hare x date of th ine*., state that o very delicate ation of lar the jamue of which moy weronsly offeet the ppare of the d—hed arisen pet the slave owners and their slaves, as to the real value of a man wish ing to free himself by ‘he payment of * nead money” in instalments. The .sage is that the valor is fixed by arbitration, before the first payment aod when 80 fixed Is to remuin undisturbed by any fluctuations ot price be market. The owners now wiah &) break m and demand the value ruiing in the aurket wi e last insca! ment is dne, The Indy ill Lave to di le the cuse anal it is thought that ifthe imerestet the slaves snfler, sor J conseqecnces may ensne. The valne of Comee eoolies bad gove up to $276 in five *, ond four hundred end three were landed at Choras lately tore were eben serew steamers on forthe trade. The reps ae Lyoonoi* had caused great ex oun « owing to be fact of Se Ealate bes wile, and Seno ox Comas har en On boord. | ' ueha bad pow. tively forwarded resigma: ot office to Madrid. The a me Was acain m wted. x Moet ta Grang pe were looked for impationtly. The proceedings of Congrers yesterday were in teresting. In th the ease of Senator Ha lan, againet whose ocvnpancy of a seat the lows Senate bave protested reterred to the Judiciary A r. Houston gave tice , vidio g for 2 eemi-week!; overland mall ly i river and Sau Francisco. [he bill au & settlement of the uccourts of Revolu- Micers was taken up ane to include the officers of the defeated. It is eetimated that the sam of two million dollars will be reqnired in (he adjustment of there ac eonnte. The evi yn of the suljectpocupied the attention of the Senate until the hour of adjougr ment. In the Hovee, reso) as declaring that al suggestions to ve open the African slave trade would mabject the United States to the execration of all civilized and Christian peopic, and that it is inexpe- dient, unwise and contrary to the settled policy of the United States to repeal the laws prohibitiag the African slave trade, were adopied, under the previons question—the first ly a vote of 162 ayer to 57 ways the last with but eight (eventing ro'es. The propositions were pre and sented reepectively by Messrs. Etheriige, of Ten- nessee, and Orr, © th Carolina, and pnt an ef. fectdal extingn «he mn the plans of Gov. Adams and his confrérés. The Mxecative sent in a letter from Gov. Geary, Of hensas pialating his ex ‘ peace has been ©. and he expecta Gov. Shannen aad ploits in the Territo He roetored, regard’es; of ex: Congress will foot the bill. Jndpe Lecomte come in for » sina tion for their short coming: A resoimtion will pro bal ly be offered in # day or two calling for infor. rootion aa to the cost of carrying on the border ruf- fian war in Kaneos, together with the expense of © pregmeution of }.¢ free State prisoners, Our Washington telegraphic despatch etat-s that 5 NEW YORK HERALD, TUESDAY, DECEMBER 16, 1856. 8 bill providing for the extinguishment of the seasory rights ef the Hudson's Bay and sos companies in the United States has bees matured. A quarter of a million doliars will be re quired to effect this object. a new French spolia- tion bill is in sourse of preparation, aud its friends are confident that it will pass, even over the Presi- dent's veto. The important case of Dred Seott, which involves, among other points, the question of the power of Congress to prohibit slavery in the Territories, was commenced in the Supreme Court of the United States yesterday, before a full bencl. A report of the proceedings, in which deep interest is felt, may be found uncer the telegraphic head. ‘The tria! of Wills and Conley, the extensive loam brokers, which has oceupied th» attention of the Court of Sessions for six days, was brought to a con- clusion yesterday and submitted to a jury, who, after an absevce of forty minutes, rendered a ver- dict of guilty against both deiendants. Owing to the influential position which these parties occupied the tria: was invested with considerable interest, and the verdict of the jary was awaited with great anx- iety by the friends of the accused. Judge Cierke, of the Supreme Conrt, rendered an elaborate decision yesterday in the matter of the will of the late Angon G. Phelps, ordering a re- ference on certain points in the will, and that a de- eree be settied, on four days’ notice, in accordance with the principles and directions stated in the opinion, reserving all further directions until the coming in of the report on the subjects which the Comt indicated as proper for a reference. The amount involved in the case is about two millions of dollars. The proceedings of the Board of Superviaors and the Boardot Aldermen yesterday were devoid of importance. In the Board of Councilmen mes- sages were received from the Mayor, vetoing the con'ract for building Tompkins market and the street cleaning contracts. We have commented upon there interesting documents in the editorial columps. The Committee on Streets of the Board of Alder men yesterday beard arguments of property own- ers in favor of the continuation of Worth street to Chatham square. The subject will be discussed again on Thursday afternoon. ‘The bark Clara Windsor, Captain Button, arrived at this port yesterdey, from Port au Prince, with dates to the 2d instant. hh health of the place was very bad. Business generally was duil for American produce. Coffee and logwood were abundant. The sales of cotton yesterday embraced about 2,000 bales, based pon middling uplands at 12jc., and New Orleans do. at 12’. Flour was firm and in fair demand, both by the home trade and for ex- port, at ull prices. Wheat wes better, and sales of Hi good w choice red, club and spring were made at an advance over last week's prices. Corn was steady ut Tle. a 73e. for Western mixed, with a fair amouut of sales. Pork was some jess active and buoyant, tuouch without change of moment in prices. Sales of au- gars were confined to abou! 300 a 400 bhds, at sta dy prices. Coflee was quiet. Freights were heavy and lower, eapecialty for grain to Liverpool, which wos taken at 5jd.a5jd. iu balk an] bags, with ba- con at 208. ana cotten a* 5-32. The Great Question of the Day—The Policy of the Incoming Administration. Oar political newspapers, partionlarly the Lead- ing democratic organs of the South, are freely speculating upoa the policy of the incoming ai- ministration, both as to what it should be aud what it will be, upon our foreign and domestic affairs. Quite ay ty of opinions and impres sions prevail, the extremes of which are repre- seated in the South by the ( eston Mereury ard in North by the New York Trilune; for while th ing tobe very aus picious that Mr. Bucbanas’s Kansas poliey will result in the admission of Aausas as a free State, and that he desires that solution of the problem, we see on the other side the pailosophers of une are entirely satiefied that Mr. Bucha- nan will be compelled to follow up the rafian policy of poor Pierce, and by the summary pro- cess of military coercion hurry Kansas iato the Union as a slave State. veury is ae Now, we think it very evident from these ex- treme views that neither these Northern or Soath- ern prophets know anything of this important subject nyou which they asume two know much. The only eafe and reliable indica- tions of the policy of the incoming a/t- mination are the declarations made by Mr. Bochanan bimself, since his elecWoa ; for ol! that wae sald before, either through the Cipeinpati platform or by the democratic nomi- nee, was pretty much for Buseombe, What, then, vas Mr. Buchanon said, since bis election, indicative of his foreign and domestic policy, and foreshadowing more especially lis policy in the settlement of the Kansas imbroglio. Let us turn to the record and see. On Fridsy. November 24, the students of: Fravklin and Marshall College, S.ancaster, oumbering ever one hundred, accompanied by ther Preedent and faculty, paid their respects to Mr. Duchanen «' Wheatland. io the course of his reply to their congratulatory address upon th Presidential election, Mr. Buchanan si casion to way that “de t ation ld be to destroy any or Son | ve nde a national and eamserva- | hive ner " years ago.” These few word maps bend about all that we have | had in the shape of an authoritative exposition y of the President eect: a little examination, this brief | extract from Mr. Buchanan's speech will be found to cover the whole gronud of his policy, at heme and abroad, as far, at least, as® *e0- tional agitations opon slavery are concerned. Mr. Buchanan says “the ot of his atmt nistration will be to destroy any sectional party, North 6 th.” the object of which is to break or weaken the bonds of the Ua unqhestion ¥y whe ve means | purpose of harmonizing the go at upon | its “national and conservative status of fifty years What is he driving at, in this de cide claratior “any sectional party. North or © What does he mean in | this declaration of bis purpose, not only to foil } and defeat, but to “deiroy” any such party? | By a “sectional porty, North or South.” he can only mean « party organized upon a sectional agitation of the slavery question—a party whore policy is to sbolisi slavery or to arrest the extension of slavery at all ha- words or & party whose fixed purpose is the extension of slavery, right or wrong, lawor | no law, Union ot no Union. In this view, the abolition party, pare and simple, is a sectional party; and the ard party, whore policy is the exclusion, by act of Congress, of slavery from all the Tertitories of the United States, North or South, is o sectional party: add last, though oot | least, we mast include the Southern ultra party, | whore policy is & separate confederacy without | the Union, if they cannot have exactly their own | woy upon Savery question and the spoils | within the Uni ‘These, we bave no donbt, are | the sectional Parts involted in Mr, Bughana significant declaration of war at Wheatland, egainst “ any sectional party,” North or South. He tells us that his object is to “destroy” these sectional parties, Such being his purpose, how is he most likely, as a sensible man, to begin the work? Undoubtedly he will begin it by an abso- jute abandonment of the raffian Kansas policy of poor Pierce, and in the substitution of the policy of the constitution and the organic Tervitorial law. In this way he will demolish that disorga- nizing pro-slavery sectioual party of the South, the object of which is to widen the existing breach upon slavery between the two sections into a dissolution of the Unier, and the establish- ment of a vast Southern coutederacy “upon mi- litary principles :’ and at the same time he will take the main plank of the Northern anti-slavery agitation from uoder their feet in this recurrence to the simple policy of “law and order” in Kan- sas. We feel entirely assured that it will only require an honest administration of the organic aw of Kansas so secure her admission jute the Union asa free State. The law of races, the laws of climate, products and emigration, are all against the establisuinent of slavery there under a firm and impartial enforcement of ‘squatters’ rights,” as laid down in the Kansas-Nebraska bill, At this day we have no doubt that at least four-fifths of the bone side settlers of Kansas are free State men; nor are they all from the Norch- ern States. We see, too, that poor Pierce is be- ginning to repent, or relent; and that with the suspension of the terrors of ruffian sovereigoty, Northern settlers are rapidly inereasiag in the Territory, and establishing themselves in it under the full conviction that its destiny is that of a free State. Let Mr. Buchanan, then, only restore and ad- here faithfully to the constitution and the Kan- sas organic law, and he will set out on the right road to put down these sectional parties on sla- very. The South will lose Kansas; but the con- servative Southern masses will overrule the fire- eaters in a loyal acquiescence to the test of their own choosing. The Northern anti-slavery ayita- tors, on the other hand, will be relieved of their present stock-in-trade of sectional excitement, and the republican party, organized against the forcible extension of slavery into Kansas, will ne- cessarily fall to pieces. And such, we believe, will be the policy of Mr. Buchanan—a policy of strict adhesion to the Kansas organicylaw and the constitution, as the true conservative policy. not ouly for Kansas, but for all the Territories of the United States, leaving the balance, for or against slavery, to be determined by the laws of latitude, climate, proaucts, emigration and the superior adaptation of tree white labor or black slave labor to this or that Territory, as the case maybe. Leaving the issue of slavery er po slavery in Kansas, an open question until the people thereof shall assume the fauc- tions of a sovereign State, the President elect need have no fears of the result, and we uader- stavd that he bas none whatever. Kansas will thus come inas a free State, and the Northern bue and ery against the “outrage” of ibe repeal ot the Missouri compromise will die a nataral death, and Southern sectional agitators will have no ground of complaint for the loss of the prize. Asin regard to Kansas, so in reference to Cuba, Central America and Mexico, we take it that the Wheatland speech of Mr. Buchaoan, riguiy interpreted, means « policy not of bogus, but of genuine law and order. He means to say that be will be no sectional ilibusier, North or South, at home or abroad; bat that ia “harmo- nizing the government” upon the “conservative” basis of filly ycurs ago, he will repudiate all sec- tional parties and all sectional agitators upon do- mestic or foreign issues, as having no claim to the confidence or countenance of his administra- tion. Such is eur interpretation of this Wheat- Jad declaration of war against sectional parties. It is official—it is brief—it is all that we have; but it is to the purpose, and for the present it will do. - Menicrpan Jors.Last evening two communi- cations were presented to the Board of Couucii- men from Mayor Wood, giving his reasons for Withholding his assent from certain schemes for defranding the city for the beaetit of a few coo- tractors and their frieeds. We publish these communications. One refers to a proposition for giving out the cleaning of the streets by contract, and the otber to the building of the new Tomp- kins market, His reasons for vetoing these two measures are given at large, and will serve to en- lighten the citizens of New York in regard to the nice manver in which their interests are looked after by the legislators at the City Hail, ‘The street cleaniag proposition is the one of most consequence. It appears that some tine since a resolution paseed both braaches of the Common Council, authoriziag Mr. Evling, the Commissioner of Streets and Lamps, to adve for proposals to clean the streets of the city ac cording to certain specifications. This resvlation the Mayor does not approve. and for reasvas which certainly appear amply sufficient. In the firet place, he disapproves it becanse, wider the specifications referred to, the contractor is only required to remove from the sarface of the streets all dirt, manure, a-lee, garbage, offal, rubbish, &e, and is not bound tw clear the streets of ice and snow, which, as the Mayor says, may be the most serious nuisance we may have. The removal of snow and ice from the stree jaet winter cost the city treasury 925 4 aod yet, under this precious proposition, the cvn- tractor would have nothing to do fur the winter Months but quietly fold his arms and draw on the treasury for the instalments due him. ‘The next insuperable objection to this fine } is thet the penalties provided for ty maent of the contract are ludicrously incom. urate with the profits of leaving the streets ovtouched. If the contractor played that gune as be most probably wonld—for weeks at « time, and if indignact yourechollers called on tae Superintendent of Streets and Lamps, and if that officia! notified the contractor of the complaint, and if the contractor thought proper to laugh thereat, then he is liable to the penalty of —five dollars! And if be continue recusant and refase to do absolutely aoything in the folfilment of his contract, he is liable to a further fine of twenty- five dollars; and then the ultimate resort is to the Common Council, a body which—as the Mavor jatiwates—-is got celebrated for virtue or disia- teresteduess. And in the meantime Mr. Con- tractor can present bis draft on the Comptroller and pocket his nice little revenue of two or three | hundred thousand a year These are, in brief, the provisions and merits of the resolution which the Mayor returns to the Board of Councilmen anapproved. It isa very nice little measure for those members of the Board who are to “ go shares” with the contractor; bat | we doubt whether the citizens of New York will regard it asa very good one for their interests, Tlowever, the Mayor vetoes it. Ho at the ame time places bis seal of condemnation on another nige Itttte job of $155,000 for building q new market. In thie case the objection is not to the building of that market itself, but to the fraudulent circumstances which surrounded the bids and estimates; and he blandly recommends the advertising for new bids. Well, that is all which, in the anomalous con- dition of our municipal affairs, a fearless and im- partial executive can do in such cases. He can veto measures that are palpably fraudulent and injurious to the interests of the city; but if the Common Council can drum up two-thirds of their body in favor of them, the measures are passed in spite of him. So it may be with this street- sweeping swindle, by which the city may be vie- timized to the extent of half a million a year in taxes, and millions in filthy, uncleaned streets. There is no remedy for this state of things except in the total reorganization of the system, ia giviog full and ample powers to the Mayor, and in hold- ing him alone responsible for the government of the city. The proposal to get up a board of out- siders, to be appointed by the Governor, and to which the Mayer bimself is to be subordinate, re- veals a scheme too plainly fraudulent and ab- surd to deserve a moment's discussion. The city must be governed by citizens, If honest men could be procured for members of the Common Council, there would be no difficulty in the way. Bait there’s the rab, As things go, they cannot be got. The only other alternative, then, is to give almost supreme control to the executive. Let him hold all the subordinate departments of the city government in his grasp, and then, if we do not have a good government, we will at all events know on whom to throw the responsi- bility. ‘Dte News from Nicaragua—Important Pasi. tien ef Affairs in Central and South America, ‘The important news from Nicaragua which we publish in anotper columa sbows the critical condition of the filibusters, and fully bears out ihe anticipations we have before expressed. It will be seen that after the battles of Massaya and Granada, in October, the Costa Rican forces ad- vanced and took possession of San Juan del Sw’ and the Transit route. Gen. Hornsby, not suc- ceeding in dislodging them with the force uader his command, was reinforced by Gen. Walker in person, who attacked them at the Half-Way House and drove them back and then out of San Juan del Sur. The route being open, Walker re- turned to Granada, and becoming alarmed for its safety, which was again threatened by the allied forces, he sent down a part of his troops under Col. Jacques to hold it, He then attacked Massaya, where be partly dislodged the enemy and destroyed a part of the town. Finding that it was impossible to hold both the Transit route and Granada, he determined to abandon the jatter and burn it. This duty be confided to Gen. Hen- ningsen, while he proceeded to remove his wounded and sick to the island of Ometepe, in the lake. The enemy advanced ou Graneda aad succeeded in taking the small fort on the lake about balf 2 mile from the city, aud plented two guns in battery, one on each side, and at the same distance trom the fort, cutting of all communication between the city and the steamer. General Henniogsen, with 400 men, having partly destroyed Granada, was cut off in his retreat, and took possession of a cburch about half way between the city aod the lake: he was at the last accounts besieged thore but is said to be well supplicd with arms aud ammunition, having, in fact, the greater part ot Walker's stores, and @ well of water. His expec- tation isto be relieved by Walker, who will have for this purpose Colonel J acquess’ battalion, which had been sent to Virgin Bay to reinforce the gar- rison of the Transit route, 100 men from Califor nia who were at Virgin Bay on the 2d inst., and 300 from New Orleans, who were met at Castillo Rapids on the 3d. Ifhe hes been able to main- tain his ground, he will also have received provi- sioue, clot hing, howitzers, minnie rifles and ammu- nition, shipped from here some three weeks ago. It is also stated that the natives on the island of Ometepe had massacred the sick and wounded which had been conveyed there. The acounts published yesterday from the Guatemala papers state that Central Americaexhibits a united front a zainst the filibusters; and the accounts we publish to-day from there show that the latter are being cor- nered in something the same style as is done iu Wall street occasionally, Rivas is recognised us President by wll the native partios in Nicaragua, and we ehal! probably soon know the final result. The Hlovdurae, San Salvador and Gautemala chicis, ia uniting, have set a good example to oar Wall etrect filibusters who seem beut upon des- troying each other. The full detail of the interesting news from Central and South America, published in the Heraty this morning aud yesterday, gives at one view a daguerreotype of our com mercial, filibustering, diplomatic and socal relations with ‘all those countries, There are many poinis in this news intimately con- nected with our progress and influences as a nation, as well as with the defeat or succes of our individual filibusters. it vray: Laat except ia Cula, where the Spanish rule preva. s, andin Central America, where all jitilin are united against Walker, there isa general move- ment against the church as / onsiituted in thow countries. In Mexico it open war and in arms against the governm the chusch militant prevailing over the churgh peace In New Granada it lias lately entered into the popa- jar election, and pleced Ospina, a Jesuit at hears and in principles, in # re fat chair, In Peru it is refwsing as sent to the wewly adopted constitution, whieh limits ite privileges, and is fumenting rebellion. In Coile it has refased to recognize the saprema cy of the civil power, and an dilivton wath the government has just beeo «vided by an as tute evasion of the point in dispute. This anti- church movement is only one of the numerous processes of social and politica! disintegeaon going on in neerly ail of the countries soath of us. Considered separately, their present situa tion may be surtmed np in « tew words, Cuba exhibits all the signs of a rapidly devel- oping material prosperity, Now railroads are being projected and the stock taken up with great repidity, Paper money is to be introduced there, and the Spanish Bank had already reoeived its firet batch of engraved notes, which woald be pat in circulation early in the coming year. Tae purpose of this new movement in currency is to | endeavor to regulate foreign exchanges, which areina remarkably confased condition. Gea, Concha has @ plan, like Governor Adame, of South Carolina, for getting more niguers from Africa. The whole population of the Spanish ishonte in the Goif of Guines, Fernando Po, Annabon, Corico and fe proposed | to be brought to Cubs as colonists, This is a much better plan than that of Governor Atoms, because the niggers are to be troaght as irge colonists, only ty Le opyrenticed for agertnig othere number of years, during which they will be civi- lized and taught the Christian religion; thus their souls will be saved, and nobody seems to think it material what becomes of their bodies, Mexico is presenting some new aspecte. Santa Anna has come again into the field, and dischar- ged a broadside at Comonfort ‘in the shape of a protest. Comonfort, however, seems to be get- ting the better of his enemies. Vidaurri has been brought to terms for the present; the church oat- breaks in Michoacan and other parts of the West are said to be waning, and General Moreno has driven the monks and their troops into a corner of the city of Puebla. Old General Alvarez, known in Mexico as “the Panther of the South,” has offered the President 5,000 troops to help sustain him, Comonfort, who had abolished the army, is now reorganizing it on an entirely new plan. He has created a regiment of his own per- sonal adherents and accepted the coloneley of it; Senor Lerdo, his Secretary of the Treasury, and author of the law against the church property, is doing the same thing, and as the step will probably be followed by other popular adherents of the government, the old venal army of Mexico, that has been bought and sold so often, will be superseded by one en- tirely addicted to the President, New Granada is discussing the postage tax law, tonnage, and other questions, with our minister at Bogota. Senor Pombo seems to have caught Judge Bowlin in a grave error; but the Judge is excusable, as Marcy and poor Pierce have both incurred the same. It now turns out that the postage law is only applicable to the letter mails, as printed matter is free both by the Jaw of the country and by the postal convention with Great Britain, This brings the terrible two millions of poor Pierce’s mes- sage down toa good deal less than two hun- dred thousand dollars a year postage, which New Granada wishes to charge on our Califor- nia mails. In other private matters we do not get along much better in New Granada. The Canal and Steam Navigation Company—a Wall street concern for opening the port of Cartha- gena to the Magdalena river—has collapsed and cheated its creditors; the Atrato Gold Mining Company has broken up, and the Panama Rail- road Company has so deported itself that the government is negotiating with England for the purchase of its right to take the road at about half its value at the expiration of twenty years. We shail refer to these matters more at length, Pera is about to be the scene of another revo- lation, Echenique and Castillo, who for a year past have been preparing matters, have got up a pronanciamento in the south, and the church seems disposed to side with them. Echenique was in a Chilean port with his armament, which was shipped from here a year ago. The revenue from the Guano islands is the true cause of all these revolutionary movements in Peru. It pays well to revolutionize the government. In the meantime, the Convention at Lima are busy per- feeting the terms of the South and Central Ame- rican alliance against Walker and the filibusters generally. The treaty, which it is said has al- ready been entered into by Chile, Ecuador and Pern, contains also other important matters. It renounces privateering, and declares private ex- peditions on sea or land to be piracy; provides for a uniform coinage, and accepts the doctrine that free ships make free gooda, This treaty is to run ten years, and all the republics and Brazil are invited to accept it. Chile is pursuing the even tenor of her way ia commercial and political matters. Her domestic quarrel with the church is not likely to come to blows at present. Being at peace at home, she proposes to send a thougand men agaiost Walker, and an exploring expedition to the Straits of Mage)lan. On the whole, our South American neighbors are getting along pretty muchasusual, Always striving to attain some theoretical improvement, bat contioually neglecting the practical mea- sures to secure it, their fate seems to be that of Sysiphus—an eternal and sterile task. Cantwet Maktnc.—The Cabinet makers at Wachington ave driving a brisk basiness at their trade; but all these Washington ramors ere got up between aspiring politicians and newspaper correspondents. We see the same name for a Cabinet post very frequently in different papers, but noue so frequently occurs as the name of J. Glancy Jones, of Pennsylvania. In almost every respectable paper of our exchanges we find Mr. J. Glancy Jones turning up in some Wash- ington despatch as an inevitable member of the new Cabinet—sure to come in. For our part, we have no sort of iaith in these Washington correspondent Cabinets, and least of ail in the inevitable appointment of Mr.J.Glancy Jones, Then, again, we understand that the Virginia Electoral College, not satisfied with dictating to Mr. Buchanan one of their own number for the Cabinet, have nadertaken to recommend to the President elect the proper editor for his organ, and that the bappy man is no less a personage than Mr. Beverly Tucker, late editor and pub- lisber of the Washington Senfinel, a Buchanan paper which collapsed at the begianing of the fight. We also perceive that Mr. Tucker has been to Wheatland on this business, and that he tas departed with a flea in bis ear, the report being that Mr. Buchanan had intimated that he was more than half inclined to try the experi- ment of doing without a Washington organ. Thus much for the Virginia Electoral College and the Washiagton Cabinet makers. The worst of it is, they have yet a month or eo to run. Liqvorn Law Leaistarton.--Our temperance philorophers of the 7'ri/xne confess that the result of our Maine Liquor iaw bas beea to “ open the flood gates of absolate free trade in ram,” and we mast admit that such is the fact. Never was there in any civilized land, under any sort of liquor legislation, such a full swing at ram selling and rum drinking as that which has re- suited from our sumptuary law ef total absti- hence upon compulsion. And yet oar Tribune philosophers stick to this preposterous and abor- tive policy of compulsory total abstinence. Very well. Uf the new Legislature,and our fall blood- ed new Governor are in favor of another Maine Jaw, we suppose that the people will have to bear it, although the rumeeflers will bail it, most like- ly. es an additional extension of their existing privileges of free liquor uader the first experi - ment. Go oa, gentiemen, Try it, agaia. SrocksonpxG JourxAtisM.—Mesers, Wesley & Company are not the first stock operators who have hit apon the idea of keeping a paper to pull their operations, The same thing was done in London by Sir Jobn Easthope, who Morning Chronicle, then the second paper in Eng lend, and killed #, and himectf too, And Mon- sieur Delmar of Paris bought the /utrie, and poftra Wie rebemes in it till be and the paper twmbled together, Messrs, Wesley & Company phevlg bear tbece examples lo mind. In the Supreme Court, on Saturday, Judge’ Davies pronounced a decision on the motion made by the counrel for Carpentier, Grelet, Pa- rot and Mme. Dubnd, alleged to have been con- cerned in the late frands upon the Northern Railway of France, to vacate the order by which the defendants above mentioned are held under arrest. The Court pronounced a lengthy deci- sion on the rubject, holding all the defendants except Eugene Grelet and Felicite Dabad. With regard to the last vamed persons, the Court held they were entirely innocent of any complicity with the frauds, and granted the motion for their discharge, conditiona) upon their “ stipulating not to commence any action for unlawfal impri- sopment.”” ‘We call particular attention to the condition annexed to the discharge of Grelet and Madame Dubod I* appears to us that the court was guilty of an extra-judicial act in requiring such a stipulation from these defend- ants. Tbe motion simply was that the defend- ants should be discharyed upon certain points set forth by their counset’ Upon that motion alone the Court was cali:d upon todecide. The Court did decide that there was no evidenee against either of them, and they were consequently offer- ed their release, arter « prolonged imprisonment. The Court then atiempts to deprive them of their clear legal right bring an action for damages against the Roth-cnilds, or Belmonts, or whoever has set on foot the prosecution against them. That the deferdvnis can bring such an action is fully proven by Judge Davies’ own decision, and no stipulation that he could force upon them can take away such right If they should decline to accept their release upon the terms laid down by the bench, they can, no doubt, obtain an uncondi- tional discharge upon the facts set forth 5 while, on the other hand, if they should leave the jail, the decision will undoubtedly be re- viewed by the general term, and the conditions. at once set aside as illegal and unjust. If these parties are, as Judge Davies says, after “ very careful consideration,” entirely innocent, why were they arrested at all? And if they were ar- rested wrongfully, why deny them the remedy that is open to every defendant so persecuted ? The very remarkable verdict of a petit jury “out West "—“not guilty, but recommended to leave the State”—is the only parallel that we can remember to Judye Davies’ decision; and we do not think that either ruling will be quoted as valuable precedents in the books, The decision is ofly a half way affair at the best, although the learned Judge did introduce it with a preliminary puff that he bad very care- fully considered the case. The defendants are not held tor a felonious act ; they are detained to satisfy a civil suit to recover the value of the stock certificates alleged te have been stolen. They were first arrested upon the criminal charge, and it was held by their counse) that the cause of action shown, if any, is that of a tort committed in France, and therefore out of the jurisdiction of the courts of this State. The United States Court should, if this were shown, grant an order for their extradition under the treaty made for such cases, This point was not passed upon by the Court, and conseytently the defendants are still in the anomalous and absurd position of being held to answer crimi- pally and civilly at the same time. The absurdity of this position is apparent. I! A comes in posession of a watch claimed by B, tne latter canpot prosecute the former criminal)y and bring a civil action to recover the value of the waich at one and the same time. If B acknowledgee that A simply owes bim a debt, he cannos at the some time prefer a charge that he has been robbed. The question of jurisdiction was distinctly raied, but altogether overlooked by the Court inits * very careful consideration’ of the case. ' The point next raised is, whether or nol be | shares of stock alleged to have been taken wie | property, aecording tothe meaning which the | law attaches to the term property. A powedul array of authorities was adduced stow that the certificates of the shares wre | not property in a legal sense. They repre~ sented values of the compauy; but the illegal { | 5 w trausier of them neither caused theright of jro- perty in them to pass away from the tras omer, nor did it injure the railway company to the value of one farthing. How, then, can actior lie against the defendants? This question was “wry carefully considered” out of sight by! the Cont, as also was the objection that the compiaint lid not refer to the law by which the railway om- , pany was incorporated, if such a law exisia, The Court ignored ail these questions of law, and leld the defendants simply upon the facts allegec ou the face of the complaint, partially sustained in the opinion of the bench by the confessions and admissions of the defendants, The Court jeld that it would be dangerous to public moras to vacate the order for the arrest of these defind- ants. It is uot a question of morals that Julge Davies was called upon to decide, but a poirt of jaw, upon which he should have been prepared to pronounce. So far as the morality of the af- fair is concerned, there is not much to be sai oa either tide. Morality is a scarce article in stek Jobbing operatione, whether on the Bourse or in Wall street, and the sensation created io Eaope by the revelations of these French operators as published in the Henao, shows canclusively ‘hat there bas been an immense amount of swinding on all hands, Under all the circumstances, it would be enly right for Judge Davies to review and amen¢ hie rather remarkable decision. THE LATEST NEWS. BY PRINTING AND MAGNETIC TELEGRAPH Interesting from Washington. THR PROCKEDINOS OF CON@RESS—DESvATCH mow GOVERNOR GPARY—PURCHASE OF THE FClORE SOUND COMPANY'S LIGHT—FREMCH SPOLIATIONS AGAIN ON THE TAPIS—ANOTHEA DUEL EXPBCTRD, WTO., BTC. Wasiineron, Dec, 16, 1866, Numerous smal! petitions were pretented in the Sonate to-day, and referred, The protest of the Seaste of lowe. egninet the election of Mr. Harlan was, ater much (rregu- lar ditoucvion, referred to tho Judiciary Commitior; atver which the bill of Senator Byace, providing for (he settie- Mev! of balances cue Revotutionary offivers, was taker ‘up and discussed to the hour of adjournment, The Exeoutive Department reported that upwards of two millions of dollars would be required to pay these: mime This bill will pase by ® large majority, Toe amendment proposing to add the officers of ine nary wee: yoted down. Mr. Jones, of Tehmonweo, will try to get the Noor to-morrow, and ovotinus the debate oo che Pre- rident’e Monemge. Several Executive comm anication® wore recived by the Speaker of the House. ame travemiting a lewer from Governor Geary, of Kansas, cated Nov. 21, aconmpamed ‘#1 ibe Minktesr of that officer, which be says be kept hovrly se bie beet vindication, When he arrived in Territwry be foond his predeoewor bad pronounced ti remiored, without one drop of iiood being shed. bad resoried to no means Uingal Our Ontslde Of bie im