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4 NEW YORK HERALD. JAMES GURDON BESNETT, EDITOR AND PROPRIETOR. pda Fave when ‘@PrICE N. W. CORNER OF NASSAU AND PULTON &8TS. owen aioe dinnanem tear, TERMS. cash in advance, ‘HE DAIL) HERALD, 2 conts per copy, $1 per ennui. tas WEEKL?) HER. “y Seaturdhey, at Oy cents per eepy. oF $3 per Gasim; the European odition, sony, part of Great Britain, or ¥ 10 any part fh bp sued ade partie “ {RY "CORRESPONDENCE, containing innport sexi “ted from any qour ter of te woorkd-—i/ used, will be bbe jor, Ka QUA EIGN OConager OST TS +e Pext@oLakiy Requwee, TO Smal 44 LETTERS AND Pix sam Seer Us NO NUTICE taken of anonymous eommuntcatios Wedo set reteen those, seemed POF Laman, 10 of the Continen’, Neo. 368 AMUSEMENTS TO-MORROW BYSNiNO, roadway—Fenwas Orera— PROAQWAY THEATRE, Wipeue. RIBLOS GAKDEN, Brosdway—Evause Oraas—Cm- Bans ils BOWERY IHEATRE, Bowery—Kine Joun—Arsmwine Racutrice. STOWE KEW THEATRE, Sreadway, Bead a, Swain Nout Berns Tar —_ ALLAOK’S THEATRE, Broadway—Pawson sn DParsce —brewatna—Fime Karen LACRA KRRENES THSATAB, 626 Brosdway—Manse Maan 'p—Dowe tue Baxsow. CHs MBE @S STREEP THEATRE, daie Burton’s)—Tan @unnsxnn OF Moscow -Omon, BARPUM'S AMERICAN MUSEUM, Broadway—Afeer ening— Quite at Homm—s Pimasanz Nusompor. Evi wBuLLe—LaMaioK Box. @H0. CHRISTY & WOOD'S MINSTREL, 444 Broadway— Naw smen CALs. BUCKLEY'S SERENADBRS, 585 Breadway--Cixpacits. @HINESE HALL, 589 Broadway—Bannineton’s Diorama ev run Russian Wak—Iracian Fastoceins, Sc. THIS EVENING. BUCKLEY HALL, 58 Broadway—Grawp Racnep Con- amet By Dopwoutn’s Sap axp Tas KOCELEYS. —— oOo New York, Suaday, December 28, 1866. OOOO ‘The steamship Europa, from Liverpool, 13th inst., arrived at this port yesterday afternoon. Her ad- vices are one day later than thore received by the @anada. The only important featare of the news is ‘he formal declaration of war by England against Persia, which event occurred at Caloutta on the let ef November. Large forces had been despatched by sea and land to prose:ute the war, and in a compara- tively ebort time we may hear that Anglo-Saxon ivilization has taken another long stride in the East, ‘with the usual consequences of colonization and com- merce. The commercial accounts by this arrival are wetber unfavourable than otherwise. ‘The report of the arrival at Bordeanx of fifteen ef the passengers and crew of the French steamer Lyonnais is confirmed, but neither our correspon- dente nor our filee contain any particulars of the rescue or the pames of the saved. We are happy to announce ‘the arrival at Porte- mouth, Engiand,on the 12th inst., of the Arctic @iscovery ship Resolate, so generously tendered by our government to that of Great Britain asa token of the sincere and friendly feelings existing between the two people. The Resolute was received with a “yoyal salute,” an honor seldom rendered to any vessel. Great preparations were made at Porte- month to receive the officers of the Resolute in 9 manner worthy of the British nation and worthy of the gilt they brought. We understand that Capt. Ozborn, of the royal navy, jeft London on the morn ime of the 12th inst. to tormally receive the Resojnte. ‘The steamship Hermann, Capt. Higgins, is now ‘n her tweoty-fifth day from Southampton, and some little anxiety is felt by reason of ber lengthy pas- sage. She left Soutbampton on the 5d inst. The Cunard steamer America sailed from Liverpool on the 6th, and encountered a gale off Cape Clear which compelled her to put back. The Hermann probably experienced the some gale; and if she retorned to Southampton or any other port to re- pair, the next steamer from Europe will likely bring us news to that effect. Tne President of the eompany, Mr Sand, is of the opinion that she has yetarned. It is also rumored that the wife of Capt. Higgins received # letter from him--written prior to bis departure from Southampton--in which he mates that he did no? expect to make the passage im Jese than twenty days. The Hermann has betwecn five and six hundred tons of freight, The follewing is a liet of ber passengers:—Hermann Dill, Her- mann Mobring, John J. Weyl, Mr. L. Plitt, Mr. B Phitt, Mr. G. Kim, Mrs. M. Baum, Mrs. H. O. Weyl, end Mrs. Grant, H. F.joman, Captain Fisk, Mre. Fisk, Mr. Winkelmann, Mrs. Lothers and child. M. Morbange, Mr. Lovist, Mr. Harbeck, Mr. Kili” ben, Rev. Tarlahine, Kev. Sperandis, Rev. Ciaccio’ Mr. Gerson, Mr. Trumpy, Miss Rose Gerten, Miss Jadith Salm, Miss Lambelet, M. Mathieu, Gust, Mothey, Edward Ulman, James Barnes and wife, My. and Mrs. Hancock and cbild, Mr. and Mra. Robertson, Mrs. A. Sebluter, E. Walker, John Fow- ker, S. L. Roberteon, Jokn Howard, Mr. and Mra. {,Mr. Schauling, Mr. Portrien, Mr. Rich- arde, Mr. Graham, Mr. M. Bollwinkle, H. Mendel, Mrs. L. Mendel, Mr. J. Bramund, H. Lameyer, Mr. J. Weidinger, Mr. W. Schetlenberg, Mr. H. Dan- bards, Mra. C. Lowenthal, Mrs. D. Lowenthal, Mra, J. Heingelmayer, Mr. P. Kussel, Mr. J. Koseel, Mrs. S. Kusvel, Miss M. Kassel, Mr. J. HB. Wittie, Mr. G. Kellner, Mrs. O. Feder, Mrs. der, Mre. Victorine Feder, Mrs. C. Feder, Me Tavsin H. Lowenthal, Mr. Mathew M. H. Sobluter. The Board of Aldermen, at their session on Friday evening, concurred in the resolution—previously adopted by the Board of Connilmen—for remov- ing the restriction upon the sale of the Brick Charch property and al! doubts as to the validity of the title by which that property is beld. ‘Fhe City Inspector reports 407 deaths during the past week— an increase of 34 as compared with the return of the week previous. We notice 46 deaths ‘of scarlet fever, being an increase of 11 over last week's mortality from this canse. The following is a comparison of the number of deaths during the past two weeks: — Mem. Women. Boys. Girls, Total. 2 x we lov) a78 8 180 us 407 Among the principal causes of death were the following: — Week erding Week ending Disrases Deo, 9. Dee. 2 Come mpm... ess ccseveevee ove 64 © Gowrnisions ule) $8 Ie Ssromston cf ime bowels 2 Seariet fever. “ Measles... : : Mararmur (infanvie)... 8 Imtammatro of the iw 3 Dropry fe the bend. 9 mpes . Bwaniires BI Crevy ‘There were also 10 onchitia, 5 of con gestion of the brain, 6 of erysipelas, 8 prematare Dirthe, 92 etilloorn, and 12 from violent causes, in- elnding 2 enicides. The following is a classification of the diseases, and the total number of deaths in each clase of disease, during the past two weeka:— Bones, joints, ke The number of deaths, compared with the corres- y Onding weeks of 1454 and )*55, was as follows: #, UE ending Deo 86, 1864 We K ending Dec. 79, 1868 Ween encing Deo. 47, 1866 407 The vativity table gives 319 natives of the United Statec,/ 0 Of Ireland, 22 of Germany, 4 of England, 2 ef Pron % 2ef West Indies, 1 each of Holland, Jialy, Polo. * Spain, Sweden, and 1 unknown. The cotton . Wrket continaed firm yeste rday, with alee of about 3.000 bales, The flour market was without change of moment, while sales of State and Western were moderate. Southern brands were in food request, and prices firm. Wheat was sold toa timited extent at $1 75 for common white Southern and Genesee for city milling, and Canada white at $1 #78; red Western at $159 a $1 60 and Chicago spring $1 40a $1 42. Corn was dull and inactive, with moderate sales at 69¢. a 7lc. for Western mixed, and 74c. a 75c. for yellow and white South- em. Pork was more active and firmer: new mess -sold on the spot and to arrive, at $20, and old do, at $19 374. $19 59. Sugars were firm, with moderate transactions. Coffee was steady, but quiet. Freights were steady, with 2 fair amount offering. To Liver- pool cotton was taken at 3-16éd. a 7-32d.; flour at 28. end grain at 6jd.a 64d. in bulk and bage. Slavery tn the Verritories--A Knotty Quee tion—What Wall Mr. Buchanan Do? We have never yet had a satisfactory demo- eratic definition of “squatter sovereignty.” The Kaneas-Nebraska bil! detines it to be the leaviog “the people of the Territory perfectly free to settle their domestic institutions in their own way, tubject only to the constitution ef the United States.” Prima facie, nothing could be more impartial or more just, reasonable, eimple and eonclusive than this; bat upon a second reading there never was @ more tran:parent piece of trickery. “Subjeet only to the constitution!” What does that mean? How far does the constitution allow the people of a Territory to go in their legislation upon slavery? According to the in- terpretation of General Cases they may admit this institution or exclude it; according to the Cincinnati platform, they will be permitted to exercise the authority when they shall assume the functions of a sovereign State, leaving the question of intermediate jurisdiction in as much doubt as ever; according to the Calhoun Southern ultra State rights doctrine, the constitution car- ries slavery into the Territories, and neither the Territorial Legislature nor Congress can touch it. It can only be touched by the people of the locality when the Territory, shall bave been or is being transformed into a sovereign State. Lastly, when Mr. Douglas, the author of the Nebraska act, was called for a distinct explazation of the meaning of this “stump speech in the belly of the bill” by his Senatorial colleague, Mr. Trum- bull, at the last seasion, the learned Judge could give no answer at all, but coolly carried up bis inquisitive colleague to the Supreme Court tor a decision. Thus, then, stands the democratic party upon this vexed question. The main body of the party in the North believe, or affect to believe, that the Kansas Nebraska bill concedes at once to the people of those Territories the right to legislate to the fullest extent of State sove.eigaty upon slavery, “ subject only to the constitation of the United States;” the main body of the party in the South concur in the construction that popular or squatter sovereignty in a Terri- tory only begins upon slavery witn the act of passing from the Territorial chryealis into the full blown butterfly of State sovereigaty, and that in the interval slavery remains an open ques- tion. There are, however, not a tew disciplesof the Southern ultra doctrine of Mr. Calhoun and of the Supreme Court dodge of Mr. Douglas; aud all these differing @octors upon the law and the gospel will have to be reconciled to some detiaite practical solution by the incoming adminis- tration. In different sections of the Union, in the late campaign, the position of Mr. Buchanan and the democratic party upon the Kansas question was differently expressed. In Virginia, from the mouth of Governor Wise, it was Kansas as a slave State and a considerable increase in the price of niggers—in New York it was the equatter sovereignty policy of General Ca+s (vide we letter of Martin Vaa Buren and the speeches of Prince Jobn); in Pennsy!vania it was “ Buchanan, Breckioridge and free Kansas,” and so on. Tous adapting the clothing of the “squat ter sovereignty” bantling to the tone and tempera- ture of the climate, Hast and West, North and South, the democratic candidate was slipped 1 by the ekin of his teeth; for a change of fifteea bundred votes in Pennsylvania in October wou d have chaoged the whole face of the issae in No vember. Thus, in spite ot the Kansas issue, an abstraction of their own raising, the democracy triumphed; but now the question must be met, and niggers or no niggers, must be settled, yea or nay. What will Mr. Buchanan do? Which horse will be ride up to the Capitol on the 4th of March! Will be take up the doctrine of U@ sovereignty of the Territory over niggers? or will he adopt the more convenient policy of leaving slavery an open question till the people of Kan- sas shall have entered upon the business of a State organization? or will he contrive to tar over the iseue, like Mr. Douglas, to the Supre § Court? Our impression is that Mr. Buchana will construe the Cincinnati-Kansas platform : 9 the true doctrine, and as signifying the denial «§ any Territorial or Congressional authority to admit or to exclude slavery from Kansas, bat «8 conceding the fullest authority to the Kan- sas people over slavery, in the act of framing their State constitution. But should that be the policy adopted by Mr. Buchanan, ¥@ have no doubt that he will secure to the Terr- tory of Kansas such an intermediate government of “law and order” as will utterly abolish tig ruffianism and ruffian sovereignty which hav§ disgraced the Pierce administration and the country during the last two years. Thus »§ eured in the enjoyment and exercise of thew constitutional rights, the people of Kansas, when they shall have assembled together in con- vention for the purpose of framing a State constitution, will, doubtless, decree therein the exclusion of slavery from the new commonwealth Having acquiesced in the Kansas-Nebraska bill—having adopted the Cincinnati platform— and having been elected to enforce it—the first duty of Mr. Buchanan will be to give us his official interpretation of squatter sovereignty, There can be no rest among the politicians, and no security or harmony in the ranks, until we shall have had Mr. Buchanan's Official solution of squatter sovereignty ; and we shall ékpect it in black and white, and plain and clear, in his inangural address. Tne Prorosen New Tantrr.—We repablish elsewhere the bill of the Committee of Ways and Means, remodelling the tariff, and also Mr. Leteher’s bill from the minority of the commit- tee. Tho firet recommends itself by its simplici- ty. Jt contains but one rection and one sche- dnle—an addition to the free list. The fecond is more elaborate: proposes a reduction of 20 per cent on the duties paid by various of the classes recognized hy the present tariff, and tranaposes many of the articles. The exwat of Mr. Letcher's proposed alterations will be reen by bis bill itself. If the Committee bill were somewhat enlarged, 0 asto include sheep's wool, salt, sugar, and one or two etber articles, it would be the mest deti- rable of the two; were even another section added to it, reducing the duties on these commo- Gities—if they cannot be taken off altogether— we should welcome its passage. Mr. Letcher’s bill is good in many respects; but the clanse creating a protective duty on foreign bottoms, and the general confusion of his classification ‘will be likely to interfere with ite snecess. Commercial Troablesin Ohina—Trade with Eastern Nations. s By extracts from the China Mail and the North China Herald, which we publish elsewhere, it will be seen that there ie a greatdeal of dissatistac- tion and mutual il)-wil) growing ap between the American and British merchanta in the ports of Shangbee and Fuehbau, or as it is also spelled, Foo-ehow-foo. n the )atter port the difficulty arises out of the fact'that, since early last sum- mer, American merchants bave by permission, or rather by éirection of the United States Consul, Yefused io pay the customs duties on the-mer- chandise which they export. Thie measare bas been adopted for the purpose of coercing the Chinese antborities at Fachban to deliver up the murderers of Mr. Cunningham, an American resi- dent there, who was killed under circumstances which led to the belief that his death was the result of a native hatred to foreigners, The Mandarin professes inability to arrest the guilty parties—as they are not known; but the American Consul and community persist in their demand, and resolve, until it be complied with, to withhold the payment of duties. Guarantees are, however, required by the Consul from the consignees, so that no ultimate loss may accrue to the Chinese treasury if the difficulty sboald be arranged. In the meantime, however, the Britich mer- chants there conceive it to be a great hardship that they sbould be forced to pay export duties, inasmuch as the Americans, who do not pay them, can consequently underse}] them in the European and other markets, A meeting was therefore held at the British Consulate on the 22d of Sep- tember; 1856, at which Mr. Medburst, the Consul, | presided, and at which a resolution was adopted declaring it to be the right of British merchants to epjoy the same privilegesas Americans—that is “that the duties be not collected nor payment re- quired unti] the payment of arrears of all Ame- ricaa duties is enforced and matters are placed on a former footing.” A second resolution re- quested the Consul to carry into effect the fore- going, and to communicate its eubstance to the Chinese authorities. The Consul, who was him- self the prime actor in this movement, declared to the meeting that he only required such a mani- festation of its wishes to authorize, or at least excuse, the action which he desired to take in reference to it—namely, to withhold aleo the payment of export duti¢s by his countrymen unti} things should revert into their former course. By means of this combined, if not concerted action, on the part of American and British merchants, the Chinese treasury will be tempora- rily if not permanently, deprived of the revenues which it derived from the immensely increasing trade of that port. The city itself is in the hands, we believe, of the insurgents, but the du‘ies of the port are still collected by an imperial com- misssoner. The withholding of payment in the case of Fuchau is an entering wedge exceedingly dangerous to the interests of China. If persisted n there, the foreign merchants at all the other ports of China will, in self defence, have to resort to the same measure, and refuse to pay any cus- toms to the imperial commissioners. And though he consumers of tea and silk, all over the world, would not be likely to complain of a reduction in the cost of these necessities of civilized life, the loss to the imperial treasury—already in the greatest straits—would precipitate the fall of the Manchn dynasty, and lead to the universal suc- cess of the followers of Thae-ping-wang. The difficulties at Shanghae hive a totally different origin, although the element of jealousy between our own and British merchants enters largely into the question. It seems that in consequence of the disturbed condition of affairs there, a change was effected some year or two ago in the mode of collecting revenue. The old Chinese system was abolished, and a sort of capitalization plan resorted to, un- der the management of a superintendent of trade and a number of inspectors, selected from among the various nationalities commercially represented there. The American firms com- plain, in communication to Mr. larker, the United States Commissioner, that the business of the port has sustained great deterioration of late, and it attributes that deterioration, among other things, to the inconveniences arising from the new revenue system adopted there, and the vexatious regulations established by the inspec tors, They state, too, as a maticrof personal complaint, that for the last year the. Superin- tendent of Trade has on frivolous pretences de- clined to appoint one of their fellow-citizens to an inspectorship, and they earnestly press upon the attention of Mr. Parker the expediency and justice of abolishing the present system, the necessity for which, they say, has passed away. Mr. Parker, in a non-committal response to this address, states that be thinks it impossible that such a fact—the injury to business by the present regulations—“should not receive the early and anxious attention of the representatives of the treaty Powers under whose sanction and direc tion that system arose, and with whom alone rests its continuance or abrogation.” The im menee trade of Shanghne may be estimated, from the fact that the export of tea from that single port in the season of 1855-756, reached to the enor- movs figure of eighty millions of pounds. We presume, however, that the falling off of trade experienced there this year, arises from the fact, more than anything else, than the insurgents have control of the great river Yang-tze-Keang, which drains the most productive regions of the Flow- ery Kingdom, and brings the trade of some hun- dred millions of people into the port of Shanghae. These commercial difficulties, so apparently trivial in themselves, assume much importance from the fact that the government of China seems to be altogether overlooked and ignored as hav- ing any voice or power in their settlement. Foreign merchants do not think of having re- couree to the constituted authorities of the land in questions affecting the revennes and the cus- tome regulations of the country. They act altogether as it the Chinese government had but a mythical existence. The progress from tha’ condition of things to a formal repudiation of the local government is simple and natoral, and cvente are evidently tending that way. There- fore it is that our government should carefully, watch the courre of things in China, and be for our trade and commerce all the advantages which circumstances may place within ite grasp. A new and hitherto undreamt of destiny is evidehtly awaiting those romantic Oriental na- tions which have been, since the flood, dreaming away their existence in barbareus magnificence, unknowing or disregarding the advance in arts, eciences and social culture. China is in a state of social and political eruption, out of which a new system will probably ariee. Japaa has had its barrier of exclnsiveness partially destroyed. Although Commodore Perry's treaty was a blunder and a failure, still it could not be without its effects. The spell of separation is broken; and one by ene all the barriers raised in long-lapsed ages to shut out the outside barbarians, will tumbledown. If the Japanese government do not, of itself, submit to vyhe inevitable march of events, the intelligent people of that archipelago cannot fail to ap- preciate the advantages which international com- munication will bring them; and we may ere very long expect to see Japan brought within the cirele of trading nations, The kingdom of Siam, in India—hitherto little heard of except in con- nection with the Siamese twins—and yet capable of developing an immense trade, has also recent- ly come within the influence of commerce. Great Britain through its repreeentative, Sir John Bow- ring, concladed a treaty with the first and second Kings of Siam, on the 4th of February, 1855. A treaty between the latter kingdom and the United States is now awaiting ratification by the Senate; and France bas likewise seen and appre- ciated the importance of thot connection. Aus tralia and all the Polynesia. islands are budding into life, and give promise of @ greatness not in- ferior to that of ancient nations. We repeat, therefore, that our government and people chould keep an intelligent eye on the course of affairs in the East. Tnere is destined to spring up a trade which will far outstrip that which we carry on with the nations of Europe. The advantages are in our hands if we only know how to use them intelligently. The Ocean Telegraph—¥rom Wall Strect to Lendon in less than No Time! As the ocean telegraph line is now almost a fixed fact,a few details as to its working ar- rangements may not come amisa, There are still many people so unthinking as to inquire what is the practical use of a telegraph across the Atlantic ferry ; and others of a practical turn of mind, ack how much will it cost us for meseages? In the first place, the revolution in the newspaper world will be something sstound- ing. When Parliament is in session we shall be able to print in the Heraxp of the next day as much of the proceedings of the British Senators as may be interesting to the American public. Par- liament usually gets up at two o’clock in the morning, but as the difference in time is about five hours in our favor, we shall receive the do- ings of the sages of Westminster at about ten or eleven o'clock in the evening, New York time— that being several hours before adjournment, and quite as early as we generally receive the pro- ceedings of Congress. The transactions in stocks, the closing price in console, the state of the cot- ton market, will be sent from London and Liver- pool every day at three o'clock in the afternoon, and will be received here betore noon, forming the basis of Wall street operations for that day—-in other words, the doings of the London Exchange will be known in Wall street before Change hours here, and will be published ia the papers of the same evening before they are laid before the Bri- tish public. Transactions or the Paris Bourse will be sent in the same manner. The advan- tages of this to our mercantile community can hardly be overrated, while the reading public will be kept at courant to all European affairs. What will a message cost? is a very important question. The British government, guarantecin 5 the company patronage to the amount of seven'y thousand dollars per annum, bas fixed the may - mum rate at four shillings sterling per word, «~ one dollar of, federal money. This will be divi- ded between stations as follows:—From Lon don to Cork, sixpence sterling; across the ocean, two shillings and sixpence; from Newfoundland to New York, one shilling. The difference in these rates and those of our inland lines may be readily perceived by the following calculation: — We published a day or two ago an abstract of the new treaty between. the United States and Great Britain in relation to Central American affairs. This abstract occupied a column of smal) type of the Heratp, and was telegraphed from Washington to us at an expense of seventy- five dollars. Now, if after the ocean telegraph is in working order, one of our London corres- pondents should happen to see an equally im- portant document, and shonld send us an abs‘ract of equal length, we should astonish Downing street at an expense of two thousand dollars— and it would be worth the money. And wh ie our government hesitates about paying seventy thousand per year to the line, here is a chance for asingle despatch to the Heras, for which we should pay two thousand. The thousand little messages, practical or ro- mantic, bullying or begging, pathetic or amus- ing, savage or affectionate, announcing arrival or departure, ilinees or health, wealth or poverty. which are constantly flying from one end of th country to the other, making the batteries leap in unison with the pulsations of thousands of hearis, will be sent at the same rate. A despatch which costs forty cents from Boston to New York wili cost ten dollars from London to New York. Our readers are already aware that the route has been surveyed at the expense of the United States, and that all the reports agree as to the practicability of laying the cable upon the great ocean plateau. The new cable is two-thirds smaller than that which was lost last summer, and it will undoubtedly work much better. Lieu- tenant Berryman, who sounded the whole route, states that the lightest instruments were found to reach the bottom with the greatest certainty, aud as to the safety of the wire, the bottom of the ven is believed to be as quiet and peaceful as an infant's slumbers. The route is Maury’s great circle line, and is far north of the locality where all the ice accidents have taken place, and the |. greatest depth is a little over two thousand fathoms. The British government will survey and sound the whole route in April next. Io July two vessels will leave the English coast with the cable—a mile of which weighs a ton. After reaching « point equi-distant from both termini, the cables will be joined together and sunk, The vessels will then part company, the one proceeding to the Irish coast and the other to the American, paying out the cable as they go along. The whole work of laying the wire can he done in a week, or two weeks at the outside, We have thus briefly jotted down a few facts in relation to thie, the greatest Undertaking of the century. We have but little doubt as to the ready to avail iteelf of every ppportonity to secure } reenlt. In lees than @ year from the present writ ‘The New York Press and Stock Gambling. greta that editors will fight and abuse each other; it calls for a better feeling among the members of the profession ; it asks why editors in New York cannot stand’ up for each other, as they scem to do in Leadon; and it softens into almost a maudiin view of the sentimentalities of newspaper life—the idea cought to be conveyed to an unsuspecting public being that the editor of the Times is a meek gentle lamb, who only asks to lie down at the feet of his ‘erocious brethren ; but that the said brethren will insist on bullying him, In the general principle advanced as the text of the imes’ argament in favor of newspaper union, there may be wisdom; but, at present, smoky stove, while chairs and tables are luxuries they have never known. The consequence of this is that many, even after being saved from ‘The Secretary of the Treasury will, therefore, we trust, make this also the subject of his inves- tigations. But this is not all that should be done for the saving of life. It should be made incum- bent on every ship to carry with her a mortar and shells, with which, in cases similar to the New York, @ line might be thrown to the shore | for the use of the life car. Till legislation has- | provided for all this we cannot say that we have- done what we should for the safety of those- whoee lives are endangered by shipwreck. THE LATEST NEWS. BY PRINTING AND MAGNETIC TELEGRAPHS, the difficulties in the way of carrying it into effect are, we apprehend, insurmountable. The Death >of Ex-Senator Nicholas, of Louisiana. New Orteans, Deo. 26, 1856. course of the Times during the past month affords Alvert Nicholas, formeriy United States Senator from an illustration ot these difficulties. It was well known some weeks since that Mr. Wesley, the principal proprietor of the 7'imes, and aleo the principal partner in the firm of Wesley and Kowal: stockjobbers, and opera- Louisiana, died on Wednesday last. city this afternoon, chayged with the murder of Mr. Beadle, which occurred somo three months since in thie tors in stocks, was engaged in a terrible contest | city. He will be examined on Monday. with Mr, Little, the latter being a bear, the former a bull. The fight was the theme of con- From the South. Barrons, Dec. 27, 1856. versation in the street: it was said that millions | the very stable of Thomas Stephens, at Savannah, were at stake, and that either Wesley or Little | was destroyed by fire on Tuesday, and forty horses burnt. would be broken. While the struggle lasted, the | By the accident on the Virginia Central Railroad both Times gave Mr. Wesley an efficient and judicious support. The money article of that paper Josomotives and six cars were destroyed. Oue trata was running at the rate of thirty-five miles per bour. Five Begroes end ten whites were injured, but only one was studiously exaggerated every fact that was | dead at the last accounts. favorable to the bulls, and concealed every fact George Green, resiaing near Gainesville, Virginia, was that was adverse to the rise in stocks. When | ™urdered and bis bedy burned by his negroes on Wed- the fight was ended by the ruin of Mr. Little, | Sedsy 'sst the Zimes pursued its partizanship still further. It exulted over the ruin of Jacob Little, and not obscurely suggested that it was a public bless ing. It described him by name asa gambler, ‘Western Trade. Oswaao, Dec. 27, 1856. ‘The total receipts of four, wheat and corn at this port for 1866 have been :- Flour, 184,143 barrels; wheat, 8,437,027 bushels; corn, 8,543,521 bushels. Tho total and a dishonest man. It gave the key note to | receipts of grain and rg py yy oe | the whole crew of starving devils who write io the country papers, and who would abuse their own mothers if Corning told them. Up to this time, the Heap had been an at- tentive spectator of the course of Wesley. 13,612,497 busbels, which is an increase of 3,030,1 bushels over last year, and 7,183,739 busbels over the yeur 1864. 4 Markets. PRILADELPHIA STOOK BOARD. VHILADELPHLA, Though believing that his policy was wrong, it | ised alread, 13; Horrie anal, 165¢7 Penasjlvanie bad not touched him. It was only whenit wasmade | Railroad, 47/2. apparent that this man had used his paper to break | The Canada’s news bad no effeot on an old, much respected and kind hearted Citizen, and that not content with ruining him, he was now bent on blasting his character through the same medium, that we felt bound to interfere, just enough to explain to the public that the Times was not to be trosted when it spoke of Mr. Little, because it was owned by his enemy. New Ont Dee, 26, 1866. 18 cotton market. Sales to day 9,000 bales micdiing, 117%c. a12),c. Sales of the week, 46,000 at this port, 000. this port, 83,000 bags Quotations for Rio, Sogar advanced ',0., lasses advanced lc sendy ot $7. Lard change, 7%. Lieut, Maury’s Lecture on the Paths ef the Sea The reply to this was a tisene of insinuations | This accomplished and highly respectable gentle- against parties connected with the Heratp. No | man delivered an interesting lecture night Flames attempt was made to deny the statement we had | last, upon “The Paths of the Sea,” a report of made; indeed, as we had said nothing but what | Which was published several days since in the the Directory proved, that could not be well attempted; but, in his rage at his mean policy being exposed, Mr. Wesley and his editors filled a column with inuendoes, calculated to Hera. Much of the matter laid before the audience, except deseriptions of the climate and physical geography in various parts of the world which he hed visited in person, was more or less a repetition of the sub- produce the impression in the public mind that | stance of his previous lecture delivered in Brook! persons connected with this journal had done, in | ana published in the Hrxacp. eT a private way, what Mr. Wesley done in open A considerable portion of his discourse consisted daylight. The names of some companies were | of extracts from his “Physical Geography of the mentioned. Of these some were never mentioned | Sea.” in the Henan; others never existed, to our knowledge; some which have exploded were only mentioned in these columns to be abused, when Mr. Wesley had their stock to sell, and the Times puffed them. To this we replied that if the Times could show, that, during the thirty years of our newspaper experience we bad dabbled in stocks or become an accomplice with stockjobbers, we would thank him to state and prove the fact; that if he could not, his defence againet our remarks fell to the ground, and the Times was what we had said it was | stone prairies ~—a tool in the hands of notorious agpck gamblers | deg. 42 min., we and speculators in land, used for their corrupt purposes. The only reply of the 7imes to this has been a‘| ™ reiteration of its former inuendoes, in a rather fecbler tone than before. We hope the Times will see how it illustrates | Tocks were the difficulty of bringing about an era of brother- ly love among journalists. In taking leave of the subject for the present, we are well pleased to | re remember that, though under severe provocation, we have used no weapon against the 7i :« bat such as its own columns, the Directory, and the “shingle” of Wesley & Oo. farnished ; persons “connected”’ with the Times will know how to appreciate this moderation. Tar Lark Smrwrecks--Waar SHovin Be Doxe ror tHe Savine or Lire.—We are glad to perceive that the suggestions which we made a few days ago in regard to the necessity of providing better means for the saving of life along our coasts, have attracted the attention of our legislators to this all-important subject Hon. Mr. Thompson, United States Senator from New Jervey, presented a resolution in the Cenate on last Friday, calling upon the Secretary of the One thing was uppermost in all his views, and. that was bis enthusiastic belief in the wltimete sub- marine telegraphic communication al! over the world and across the Atlantic in particular. If bis intimate knowledge of electricity, however, was equal to bis epthusiasm, he would probably as- cribe greater influence to its action over currents. both of the sea and of the air. Ita effects to the changes and mutations of jo Fad universal and never ex diflerence cations of diminished a lea roches errantes F00" to 1.000 ‘The question is, ders trensported to It is a pro! ‘time covered latitudes, when. a simestone of the places to be shells which fo probable. t Estates polar regions have been melted. within The Tatitade of this plateau, by the Gulf Stream, and made to deposit their of Arctic materials, while the cold — with them apd surrounding them has the Guif Stream ee eee ee solu- tion; and hence action of both agencies has deem to build up this immense sea ridge, and which, insome millions of years hence, may be- come a prairie, wich its “les roches errantes.” Such rocks may exist on this piatean without the power of Kong he dy oe oF glance to one side or the other of them. Bing The course of this » from southwest to heast, {svors this ite : Treasury to report whether more efficient means Pp onpehed the lautndes through which it passes. cannot be devised for the preservation of the oot ‘and the the lives of seamen and passengers wrecked on the coasts of New Jersey and Long Island. The re- solution further suggested the propriety of grant- | a sub-marine telegraph, and i ing relief to the families of persons who lose their lives in rescuing individuals from shipwreck. The recent disaster on the Barnegat beach, in which two of the most active and daring wreck- ers on that coast—John Parker and John Jones— | tion with this continent, perished while in the act of saving the lives of the crew of the ill-fated bark Taseo, wil, it » to be large support, charity of the of numerous cases of the kind which occur along this dangerous coast, and by which many persons have been reduced to a state of destitution. We trust, therefore, that the resolution of Mr. Thomp- k son will not be treated with that indifference | lecture with which measures of true practical benevo- lence are too frequently received hy our legis- tors. ‘That the meane which have been provided for the saving of life on our coaste are not as efficient ae they rhould be, Sol been folly proved by thy first half Pacific was highly favorable for the submerging of might when J and migbt be pat int Communication with the west coast of South America, and with California. The time ‘would come when India would be connected by tele- _ aR ot cas aide wth Chine, ene on tee ether with | the. Sistes would put’ a. gitdle round ‘abont the earth. Thus, he have the Geclaration put in the mouth of Puck, by Shak rather disparaging