The New York Herald Newspaper, January 16, 1857, Page 4

4 NEVy YORK HERALD. JA mes ae ON BENNETT, BKDIPOR AND PROPRiBPOR, DF? om &, W. CORNER OF NASSAU AND FULTON STS ? cance, RALD, 2 cents per copy, $7 per annum HERALD, every Setw ‘at Gy cents per ; the European edition, 4 per annum, 0 iain, or 85 to any part of Continent, PRINTING caecuied ei neutaenn, cheapness and ies Weteme XXU. 0 to MO 1S SMURKMBNTS THIS EVENING. po BROADWAY THEATRE, Broadway -Pudnno—Inisy AT erw. NTRLO'S GARDEN, Pasguace BOWRAY THEATRE, Bowery—Ricsanp Iil—Love axp MULDER. BURTON'S SEW THES THE. Srondwey, opposite Bond st, —tanoct Year ¥—- loop rs ron way—BA@LI8R OreRs—Don 1s’) THRATBE, Bresdway—Souenopy Miusr— y ON~HieWaTHa. W'S THRATAB, 634 Broadway ~Caxciz— Ter LavRs KEI Young Bacowen. BeRNO#S AMERICAN MUSRUM, Proadway—afer- eeor DUMB MAN oF Mancnrsren. Bventog—SriL. W ates Ke. Dewy—LE D Mm Five Smniisee. SLO. CHRICTY AND WOOD'S MINGIR F! wey Hemsoriay PRRPOOMe"CES—N EW YP, WOCKIES SKSNADERS, 68) Broadway -Ermerus Sree ay- B doa, e Dor. preteen N New York, Friday, January 16, 1957. The News. We have important news from Nicaragua, received by way of New Orleans. General Henningsen, who was at lust accoun's beleaguered in the Guadalape eburch, had defeated the allies, and effected a janc- tion with General Walker. The troops were re. ported in high spirits. On the otver hand, the Costa Ricans bd reized the steamers onthe San Juaa vives, and held possession of that portion of the trausit route. io tue editorial colamus we have analyzed and commen’ed at leogth upon this im- portant intelligence, to whic we refer our readere. The steamship Emeu, which left Havre on the 291b of December, arrived at this port jast evening Our advices from Europe are consequently two days hates then those ived by the Asia. A Madrid ministerial paper of the 24th ultimo avnoun*es that General § government toc a Spsnish nta Anna pad proposed to the Queen’ ablish a monarchy in Mexico, t its head, provided he ee by bis agents. Tots plan—the old geome of the ex-Dictator—was opposed by sone of ihe papers. va'ess the Mexican people openly de- mended, and Ysance and England supported, such a It ia said that the difieulty between Swi | Russia would Le wegotated et a special congie Switzerland s‘ill con ianed be> wilitary preparations, and the line of the iiaine from Basic to Constance was filled with her troops. Bee Vari werence had not sssembled, bur it wos said that the Bolgrad territorial imbrogtio is alceady amanged, all parties being satisfied by re-districiing ef the points im di.pute. The tri ctions ou the Par's Sourte had a downward tendency on the 27tb vltimo We have advices from Port au Pr @t., received by the brig Wm. T Dn; this port yes'erduy. The port was be coffie cop was abupdact. There was plenty of win cba ve riond o! diplomats, Ameiiven produce iu market, but money was very searce. The proceedings 0? Congress yesterday are inte resting. © Senate a bill ‘or the better protes beats from fhe waa reported. [ne Fauin featmres are set forth ia our repor. Toe wicreta y oi the Treasury was directed to furnish estimates of the income of the goverument duties on imports of one-fo @ reduction of one fifta avd one-third. These estimates are ealled for pretiminary to a discussion of the new teiff bill. The bill providing for the wetilément of the accounts of Revointionary of- ficers was further diseusxd. al amenimen's, altogetber at verience wih the design and epirit of the originel proposi'ion, were adopted, evidently with tbe view of deferting | vill. Pee fiaal qaes tion was not taken, but there is no doubt as to its Se altimate fate. The House passed the Sonate bill for the lition of foreign quarter dof lar, shilling and sixpenuy piece, Some ut important atcendments remain to be acted on by the Senste. In commisee on the tariff bill, Mr. Keitt, of South Carolina, indulged in a characteris tis ch avon lis favorite hobbies—slavery aod “on. So far from regarding the slavery agita- nm o8 quieted by the elestion of Mr. Buchanan, be Phought that the tendency of affairs was to a disso. lution of the Union. The State rights men, he sald would expand Southern institutions into covotries & ‘joining, the governments of which are falling and the people relapsing into mongrelism. Nothing occurred ia either branch of the Legisla tare yrsterdsy worthy of note. The Barr and Sickles case was debated in the Senate, aud flaally reco.mittd in order to bave testimony taken. The committer are to report on the 27th inst. The ap propriation Dill, which failed last year, was passed ia the Amembly. The Hardware Deslers’ Board of Trade cele their first anniversary last might at the Astor Houre. ad They bid a grand dinner, with music, . Peter Cooper aod qai'e a nam. ed persons were present. We port ia another column. of Sapervieors met yesterday. Several The Board bille were presented and referred. Tbe quarterly account of the Sheriff, amounting to $2370, was orcered to be paid. the board of Aldermen met last evening. The proceedings of the Board of Councilaea with re ference t« ception of the Britich steam frigate Retriiation, were concared in The appropriation of $2,000 f » Weehington’s birthday mn also cones as published in Thureday was atic new cily BALD, that eentenre of suspension impored is an absolute suspension of all rights, privi duties with wh en are othera ise expr the senterce The jury in the cue of Thomas Dening, tried for arton in the Court of ne, were discharged yee. terday, being on corporation Cou » the effect hi javested, unions it is to agree pon a verdict, atver @el berating nisetcen hours. It is understood that ten of the jmy were in favor of conviction, and tw. of acquittal We paw 4 another column the closing testi lish mony in con Holden by evurt mar tia}. There ie one point in relation to this court martal yo1 in the tepert, but nevertheless worthy of attention. Fourteen military officers were de tailed by the se e@oart. Tbey sre allowed one doller a day for their perperses while atiendivg it, Now, ‘heir expenses have emounted to trom three to five dollaraa day, which for ten days bas suljected each officer to a joes of from thirty to forty dollars while attending MMe court in accordance with the orders of the War Department. Cor ering the small salaries which our military officers get,aud that they geoerally have f.milies eleewhere to support, this loss, taken out of their private purses, is de ly an unplea- aantafairforthem Let the government look ty it tat while our uational treasury is overflowing with Rold, tw ve sho are hocestly serving her retary of War to compose the wre wot j« ed by their service There v esa w ers of cotton yesternay, while prices w . i ft, but wi Sore doing vw were a £00 be Flour war with @ good de mat. 4 from the trade, neindi nqmiry tor ex port Wheat was tem, wih an npward tendency ta prices. Soythern white sid at $174, wai red Re iby the Board. An opinion was | NEW YORK HERALD, FRIDAY, JANUARY 16, 1857. cine at about $1 45. Corn was firm. Western mixed from stere sold at 72c.,and fordis «1g itsold at Tije., old Southern at 76c., deliver: «'ongside of ship. Pork was firm at $20 37ja$2 0 fornew mess, and $1975 forold Sugars wer : iet, but very firm. A emali lot New Orleanss)i tllc., and Porto Rico at 10jc., with 350 boxesa 10c.a 10jc. Coffee was steady, with sales of 900 bag: Rio, 600 Laguayra, and 200 mats Java, at prices given elsewhere. Freights were steady, with a fair amount offering, while rates were without change of mo ment. Important from Nicaragua—Henningsen Vic- toslour—The Sav Juan River in Possession of the Costa Ricans. New Oxtesys, Jan, 36, 1657. ‘The eteamehip Texas bas jus: arrived from Sao Joan de) Norte, Tne Coste Rican forces, protected by the English ficet, have seized every steam 0at oa the feo Juan river. Colene! Lockridge has possession of Panta Areuat, woieb be holds with 259 men. The forces of Coste Rica, about one thourand strong, hold every other point on the river. Genera! Henpingsen has beaten the allies at Granada and joined General Walker at Rivas. Tbe army rever was in beter epiri(s, nor more conf- dent of success. Among the allics thore existed great discord, and they were Cgbting among (bemselves. Pho passengers from Califoraia, by the Orizaba, Iatt Virgin Bay on the Sd instan', for San Juan del Norte, on the rteamer San Carlos, This boat was cepturcd by the Oosta Ricans after sho got into the river. ‘The etcamehip James Adger arrivec at San Juan on tho 9th inetant, and ee the Transit was closed, she sailed toe next morniog with her passengere for Ae mawall. She will reiurm to Pusta Arenas and then goto New , Where }ou may expect ber on the 22! instant. BARRIS, MORGAN & 00 For the foregoing interesting despa‘ch we are indebted to Messrs, Charles Morgan & Co., of this city, The chief point of the news, which is that the Costa Riecaus, despairing of being able to close the nsit route by operations against San Juav del Sur, have changed their tactics, aod hy taking possession of the rive i Juan have stopped all communication between Panta Are- nae and Lake Nicaragua, is evid-at ata glance— bui there are other points which will nos be so c‘ear to the reader, The Cesta Rican forecs that have taken posses- sion of the San Juan yiver are evidently a distinct body from those which at our last avcouc's were holding Rivas against General Walker. They might bave come trom Costa Rica by the route to the Sarapiqui river, avd following that reached ‘be San Juan about balf way between Paata Arenas and tie outlet from Lake Nicaragua, or they may have marched through Guaa Whichever way they approached the riv blow seems to bave been surely aimed aad welt struck, they having captured all the river steamers acd one of the lake steamers, the Sw Carlos, and left Walker with the lake steamer Virgio only. The result of this movement has been to prevent the recruits that went dowa by the » from reaching Gen, Walker, It is With these that Colonel Lockridge has taikea posse 2 of and holds Ponta Arenas, We bave some doub) aboat the statement that. the Euglisn fleet gave assistance to the Costa Ricans in this matter. I: would be in violation of the policy the English government have par- sued fn this conflict, which bas been tha: of co- vert and indirect assistance; and besides might netrued as an infraction of the Ciayton-Bal- treaty. By the George Law we bal dates from San Juav to the 20cb ais, and it was stated that the Britich fleet was beginning to leave. Tbe Imperieuse bad left for home; tae Cossack and Tartar bad gone to Jamaica, and the Arrogant and Archer were soon to fullow, It these ships were at San Juan and afforded any assistance or protection to the Costa Ricans, . Lockridge could hardly have taken posses- » of Punta Arenas. We have known for some time that the Briti.a io Juan have taken oat there aras tial for Costa Riea, and the toi- notice isued by the British Consul ia Niea looks as though be bad some pre- wer steamers for aud other mat jowin » or opcupations, avd ‘of the members of AMLAN WALLIS, » Now 24, 185% MOB OM 'e Conmu! ‘This will form an interesting point hereafter, Claytoo- Bal wer treaty was to keep the Transit route throv:h Nicassgua open. If the British fleet has assisted w the traneit, we shall want some new pg of that famous document. e fe eree of President Mora the 20.6 p pl.cas of weir family, if any, as as ope of the purposes of th r se'zur the route of Sao * reatons therefore Moms, President of the repablic of ny Baran oka The nay ga'ton of the river Sav J prob.bived to al: kivls of veatois wh be wevace!? of the Ba The s de tiny b ' comboat: that now navigere the San Juan ric r he ah olvir demtnaon of the fb uter, Win. Waller, moot auttee av xtharies thal! le laken or destroye i urarde The « Merre an’ milliery forces of the rep *btic out (hs Cecree, axing for that purpose © rery mon: Abele reach mupicste thie to «hom it aay correspond, and to the paionmé and oreiga Ministers go4 acente JUAN RaPASl MORA, Given et Say Josm, Now. 1, 1880. This decree shows that the contemplated. we re publish the following Vanderbil: TO THE STOCKHOLDERS OF THE ACCESPORY TRANS © COMPANY OF MICARAGUA Havirg perceived that tho sieam=aly Prometh say, b+ | toogirg to Acoersory Travnit & vera to be step hed long ber in copnection with this subject letter of Commodore “4 indicate a y i be wpeedily veut a treir vighw Ler ard property wpom the Lukmus of Nicaragns has ben 10 wnyw fly twovded. For Vis reason i ' be my dety to male ea effort to p-e- # mysel! of the opportaaity to When that time arrives saca ave On band, to pnt it to operation, I ng ¢a08 stockholor the right | to participate wi) meat cot 'a- oe ©. VANDBRBILT. ©, Pee. 94, 1868, A curious question arises herve. Was the Com- modore aware of the projected movement upon the San Juan river when he wrote this anticipa. tory letter, or is he a prophet? To this we may add another question: What part in thie drama will the Falcon play? The game is becomiag interesting, and we are fast getting up to excite- ment point on it, Ags regards the news from Walker, it bears out completely our remarks of yesterday. Henning. sen © beaten the allies, and joined Walker at | | Rivas, From this we should suppose that Watker | ree | reecives an immense eum for carrying the mail ha beaten General Canas at the latter place The army were in bigh spirits, while the allies were jarreliing among themselves. If these statements are correct, we I} next bear of Waiker'® operations fa opening the 819 Jaan river, a movement that wonld seem to be feasi- | ble, if he bas defated the enemy at Rivas and | Granada We shall peohable have further Intol ‘ ligence fem New Uricans wo day. Repudiation The judgment of the Supreme Court of the State of California, declaring the act for the con- struction of a wagon road across the Sierra Ne- vada null and void, as being in contravention of the constituti@nal provision prohibiting the contraction of any State debt over $300,000 without an appeal to the people, is, we take it, enly second to the establishment of the Vigilance Committee, in historical importance. The effect of the judgment is to leave creditors of the State for an amount exceeding $2,700,000 absolutely without recourse, and to inflict upon the State credit a blow which will be felt for years. It is of course competent to the people and Legisla- tore of California to repair the mischief by pass- ing a new remedial act, assuming the debt, and baving the same ratified by the people; and this, if they have either prudence or honor, they will make haste to do. But, with all their haste, time must elapee before such an act can be passed and ratified; and meanwhile the claims of the credi- tors will be exposed to all the contingencies of their precarious position. The people of Califor- Dia, like the people of Mississippi, may come to think it convenient to pay off their debt without putting their bands in their pocket. New flaws may be discovered in the character of the debt, and ingenious lawyers may show that it may be repudiated without shame. Questions may arise asto the disposal of the money obtained from the creditors, and it may be shown that the State was not the only recipient or beneficiary thereof, We have scen such things before, and there is n> reason why we should not see them again, If the question could be settled in half ao hone by tbe merchants of San Francisco, no doubt the creditors would not suffer even in imagination for a single day. But the high minded men over whom Governor McDougal presided are a very small item in the population of the State. Their views are not certain to be those of the poor farmers, and miners, and fishermen aod vagrants who will be called upon to vote the ratification of a remedial act. In our opinion, a just Providence is punishing California for the faulis of her people. Ja tue days of their prosp: rity, when human labor and energy commanded higher rewards than they ever obtained betore or since, the Calitornians torgot what they owed to themselves and to us. Shey disregarded the obligations of the ditizen, and icft their government in the hands of what- ever yogabonds chose to usurp it. Like all other faults, this one is new working ont its owa punihment, The whule State has only been epatcbed from universal chaos and avareby by a revolutionary movement, and a deliberate, though urcersary violation of the law by the first men in the country, But this perilous exporimeat did not cxbaust the measure of retribution. Now coues-- worse almosi than Revolation—Repudia- ion; ard Coliforvia exbibits to the world not only a people whose vy is sho va in their coa- tempt of law, but a people awoag whom it is jas- tice and honer to defraud honest creditors of their due. We say it it » jadgment-a righteous judg- mic California may muke what amends sbe cen, and pay principal and interest at some fa- ture day. But she cannot wipe the stain from ber annals, She cannot obliterate from men's memories the damuing fact that her people are +0 unfit to exercise toe duty of seli-goveroment that they clect megisirates who violate the laws, avd who use the high avd honorable name of the State, by the authority of the people, for the pur- pore of swindling the public. These are things which are remembered. For a generation, at least, the Californians will lie under a stigmaand reproach. Men will be shy of them, and cool to them. Not that toey have shown themselves aoy more dishovest or less honorable than their ueigh- bors, but because they have given evidence of so little sagacity, and so much recklessness tha’ one never can be certain that their clected agents are not professional knaves. What has been doae, may be repeated. Future creditors of California can never be certaiu that the parties with whom they contract—hewever high their office and large their esteem in their State—are not vio- lating the Jaw and defrauding their constituents and their creditors together, Grex, Cass xp toe Camixnet—Avorain Wirvevs.——It will be seen from an outside news paper extract, in another column, that «¢ Washington, very lately, “Gen. Whitfield, the delegate trom Kansas, was overheard to « J that Gen. Cass had told bim that an inform J quest offer of a place in the Cabinet had been made to bim.”” We shall, perhaps, get at what Ge § Cass bas been hinting at upon this important sub- ject, by and by, provided that we have a thaw before the 4th of March at Wheatland. It és very evident, frem the various reports of wh @ Gen. Cass bas been saying, that he has be 3 talking and thinking a good deal of Mr. BZ chanan’s Cabinet, ever since the middle § November. Honest Jobn Barney at one ti § bad it that “Gen. Cass, altima Romunorum, b @ been appointed Premier, and has accepted t J office?’ Then it appeared that Mr. Barney haa been too fast. But now we have it, second third banded, as from Gea. Whitfield, «that Ge § Cass bad told him (Whitfield) that an informe quasi offer of a place in the Cabinet had beoa ragua may take such a turn that the Transit oute may be the best, and the Honduras railway may surpass them all. There are so many changes going on in Central America that the Panama company may soon fiud itself behind the age; and we trust that Congress will not give this company te mail contract for any term longer than from year to year. nip MNSMS NARGIS aom ok Monee Nothing Solution, The rage, the fuss and fury, the tremendous seneation and terrible wrath of the Philadelphia Pennsylvanian at the defeat of Colonel Forney and the election of General Cameron by a Pennsylya- nia democratic Legislature to the United States Senate, appear to know no bounds. We had hoped that with the passage of the first violent paroxysms of the patient, a calm would supervene, and that reason would again take the helm. But while it is one thing cheerfully and exultingly to argue and philosophise over a democratic victory, it is quite another thing to keep judj- ciously cool and rational over an unexpected hot thot between wind and water. Thus, the spasms of the Pennsylvanian yesterday were longer and stronger than those of the day before. It harps upon Cameron as if he were old Satan turned loose upon the democratic party for a thousand years, “ Thief in the night,” ‘ unscrupulous, dis- honest jobber,” “cover himself with infamy,” “plonder the public treasury,” “low cunning, treachery and venality,” “depth of infamy,” “ treacherous democrats,” “corrups money con- sideration,” and such like ridiculous expletives, form the staple of two mortal columas of denun- ciation of Cameron's election, in yesterday's Pornsylocnian. Petty and puerile informalities are teamped up to support the delusive idea of the illegality of this election, and, as a last resort, the Senate of the United States is called upon to “vindicate itself,” and turn the Senator elect out because of the corrupt agencies, through which, it is alleged, he was elected. This will not do. Ca meron has been fairly elected, according to all the usual requirements of such an election. He will go io Washington, and will be admitted into the Senate without debate, and there will be no effort made in that body to supplant him. He has been there before; he made quite a respecta- ble Senator; and upon the score of “robbing the treasury,” we apprehend he may be as safely trusted as Mr. Brooks or Gov. Wise. But with regard to the mysteries of this fanny and interesting election, it may be that the Penn- sylvanian, after all, is off the track. The Wash- ington Siar, in discussing the subject, says of this election, that it was brought about by ‘be i fluence of secret alfiiia. tion with Know Nothingi sm, bescnd ail questioa, Hea- ry D. Foeter, of Wortoreiaad, whose irisn28 openly Beto out apainss the ncmiace ef sbeir party’s caucas, hai ‘been & great favorite wita the Kaow Notviags Indoot mey though he bad cactiousiy arciced jomi He has sympsthized wid them aad they Most if mot li of 1hoee who stood cut to 1 been men bers oi Kiow No nal den , ail Kuow Notuinge Dow.) voted directly tor Gau “smreron, iz: Messre Mevear, of York aod Waggenvel ler axa eS. Sonya, the two lset Owing as aiy yoiec for Col. Forney in the caucus, Ose ara! to be drawn from this resuit is the jolly of denocrats waea they elect to rvch places persons noterivasly eympatnlz ing Wb Know No.ningiem. There may be something in (his—there may be a good deal in it. Possibly, tuo, these uoforta- nate Know Nothing efiiliations nay have had some connection with those «side door’ commanica- tiers of the late campaign between Colonel Por- ney and General Sanderson and others at Phila- delpbia. If so, it must be confessed that Coloael Forney, after oll, bas “ brought bis pigs to a bad market,” and thet the enemy have doubled upon bim in bis own game. Thus we bave the realiza- tion of that scriptural axiom, which, rendered mto ;hyme says, that The race, itis Finally, we recommend the ? cease its “weeping and wailing and goashing »f 4 ’ Pennsylvanian teeth.” Itmay be a matter of great sorrow a» indignation that the services of Colonel For: (through the superior tactics of General Ca: ron.) have been lost to the Senate of the U States; but ~ we are not as those who bope against hope.” Not a bit of it, Mr, Bachanan can, should, and doubtless will, prove the good Saua- ritan to Colonel Dorney, by pouring ofl and la- vender into bis wounds, and in carrying bim off torome comfortable shelter, where Uucle Sin pays for everything—the office of Postmas er r example. The game which Louis Napoleon sod bis al visers are playing may well make the mind shudder at the enormity of the stake. Nothiag less than throne and life ave on the tazardof the die. And bow emall the chance of the gambler! ‘The Jast accounts from the Bank of France show that that institution is actually parchasiag | every month, at a cost of between three and foar millions of irance, as much gold as it has in its coffers at the time its statement is made. Thus were it to cease its suicidal policy of paying a premium for the wherewithal to carry on its daily business, for oae month only, it would oy its showing, be on the last day of the m) oth without a dollar in ite chest. What are t “ shinning” operations of our shal aky merohriis compared to this? How long would an nestit made to him,” (Gen. Cast.) Here we are ».§ tion survive ia Wall street, which was obliged mopished of the old saw, that “where there ba so much smoke there must be come fire.” A § | cordingly, we now desire to know, for the infor- ely mation of the Washington Cabinet makers, § Gen, Cass did make the statement to Ge § Whitfield, referred to; and if #0, what does Geng Case mean by an “ informal guest appointment? Quan” is an ominous word Man. Service to THe Pactetc.—Our readers are aware that there is a bad state of feeling bo- tween our government and that of New Granade; and that it hae been deemed necessary to send Mr. Moree on a special mission to Bogota to set- tle all the questions in dispute, save that in rela. tion to the mail service, which is to be adjudi- cated by Mr Marcy and the Minister of Nw Granada at Washington. All the troubles with New Gianada have grown out of the contract with the Panama Railway Company, which par- chased the right to transport paseengers, mails, especie and freight across the Isthans fr twenty years, allowing a proper remuneration to the » Grapnedian government. The massacre at Py a was caused by the neglect of the railway com- pany, who omitted to provide a sufficient police force to protect the passengers. The company abd pe ming other service for the government, and there is no obligation on the pit of the United States to continue its patronage a single day beyond the term contracted for, appear char that the Panama route will always be the safest, surest, or ewiftest, The proprictors of the Tebnantenee ronte, it is ead, are prose. I+ does no | not only to spend twise its average profit in th» payment of interest for money, bat—to borrow every month an amount of specte equal tot maximum in its vaults? Yet we read private and public letters from Paris and London stating that all the trouble over, that ease and prosperity are reviy'ny, that there is nothing to be done now but to Uiuw up our hats and rejoice. Even the money writers of the best informed London journals allow tavir pertizan feelings to induce them to join in this exceedingly erroneous statement, aud to repro- sent the financial condition of Franee as, if not as sound as that of Eogland, at least not calcu- Jated to awaken any reasonable anxiety. Those monstrously mischievous documents, the cireu- jars of brokers and otber parties having stocks and other securities for sale, are fall of pre sic tions of @ serene and prosperous fatare. With the figures before them establishing the practical insolvency of the Bank of France, these de sep- tive reporters deliberately assure us of the sound- ness of that institution, and of the firmly estab- lished eredit of France. To believe them we are entering upon an era of unexampled prosperity. Everything ie going to prosper, the good and the bad; nothing to do but to go into business, ard a fortane follows as a matter of conrse, Were history not there to prove to ns the traordinary blindaces of mankind, one fee! appalled at this strange manifestation of ewnity on the brink of the crater, Bat nothing je better known than the utter worthlessness 0 public judgments with regerd to the futare. my : No creat event, whether in polities, finances, or cuting ‘heir work with vigor; things in Nica | morals, was ever foreseen by any considerab'e EB number of individuals, or even fully realized for some time it had been a fixed fact. people of France, from the Emperor to café waiter who has his venture on Bouree, have not the least idea of the crash that iscoming. A few persons, holding the keys of the money drawer, and entrusted with the con- coction of the bank and government accounts, ge? that somewhere cannot be prosperity or happi- ness; but they have.neither inducement nor io- deed courage to speuk. The magnitude of the peril, too, is likely to impeir their power to re- alize it. As for the Emperor, our latest advices represent him riding round Paris, scattering gold, in the fasbion of Prince Invisible in the Fairy Tales: a few weeks since, he was hunting at Fontainbleau, with a party of ladies and cour- tiere, who spent daily, on their dress and other- wise, the yearly income of a moderate man; even etill, the stupendous improvements which have altered the face of Paris are proceeding, and costing hundreds of thousands every week. How can all this be done in a country where expendi- ure for the last thirty years, aye sixty, with ene or two exceptions, has largely exceeded its income? Only by euch desperate schemes as we see under our eyes. By aCredit Mobilier, adding two or three hundred millions of fictitious capital to the country and exploding some day with a frigh’ful crash. By a bank which borrows during the month the whole specie which it will require to show at the end of it, and pays for the same twice as much as it could make by legitimate bu- sinees. And by a general system of deception, permeating society from the Treasury Depart- ment to the mercantile offices and the newspaper correspondents, and aiming at proving that bank- ruptcy is prosperity, that ruin is wealth, and that the safest place in the world is the jaws of the infernal regions. Our Public School System. The new Board of Education was organized on Wednesday evening, elected a President, and ap- pointed its executive committees for the ensuing year. We are glad to perceive that it eschewed politics at the commencement. Thus far it has done well; but it has only begun its labors, and it will require all the vigilance of the honest and dis- interested portion of its members to prevent it from degenerating into a mere political machine. The immense amount of money which is expend- ed every year for educational purposes, and which last year reached the sum of eleven hun- dred thousand dollars, has a tendency to attract towards this body not only the earaest attention but the active interference of dishonest and de- signing men. The erection of mew school houses, the alteration and repairing of old ones, the purchase of books, stationery and far- niture present a splendid opportunity for realiz- ing fortunes, and it would be absurd to suppose that such oppurtuntties have been neglected. The contract system is, in fact, as well under- stood by-the politicians of the Board of Educa- tion as it is by the Common Council; and it is said that some of them, who have become sudden- ly rich have acquired their wealth by selling themselves out to the contractors, From the report for 1855 it appears that for the erection ond repairing of buildings and purchase of books over three hundred thousand dollars were expended in that year, and duriog the past twelve months we are assured they nearly reached the sum of five hundred thousand. If the increase of expenditare for public education continues at this rate, in five years more it will amount to two millions, the greater part of which will be certain to find its way into the pockets of politicians. To check this reckless expenditure, and to preserve our public school system from theodium and contempt into which it will inevitably fall if not kept free from politics, the people must look nto the character and abilities of the mea whom hey select for the important offices of School Commissioners, Trustees and Inspectors. Every year public indifference in respect to this matter appears to increase, and the consequence mast be that we will eventually have a Board of Ednea- tion composed entirely of truckling politicians, who are as utterly incapable of appreciating or judging the merits of a teacher as they would be of performing the responsible duties of their office faithfully and with a higher motive than that of pecuniary gain. Uniortanately too little attention has been given to this subject by those who should be most interested— the parents of New York. ‘They have, as a general thing, been content to ima- gine that their children are receiving an ex- cellent education, and when on election for tchool officers takes place, vote for the candidates without the slightest reference to their character or qualifications. Political scheming and swindling enter as largely into the nomination and election of these officers as into the nomination and election of aa Alderman, and ke who pulls the greatest number of wires is generally the most snecessful candidate. In this respect the Board of Education is constituted like the Board of Aldermen, to which it is every } bearing a stronger resemblance, It is, however, an entirely independent body, as it should be, and recognizes no anthority to which it is responsible, except the people; bat the supervisory power with which the President is invested could be made the means, where there is the will, of checking dishonesty and patting + stop to the glaring of the contract system, Not a bill can be paid waless it has first received his signature ; and to him, therefore, the people should took for protection from political schemers, Every item should be inquired into, and all the work performed by contractors and others, estimated at ite actual valoe, a judicious economy exacted of teachers and children ia the use of school books, and the many evils con- nected with the system of education exposed and corrected. Nearly ali this can be done by the President, and we are pleased to perceive that he is at present actively engaged in the correction of some of the evils complained of. He has al- ready calicd attention to the fact that $19,107 has been paid to institutions which have properly no counection with the Board of Edacation. But, after all, this ise trifling matter compared with other misappropriations of the educational fand. If he desires to bring the expenses within the limits of a true and just economy, he must look rply into the fulfilment of contracts, and if ne ry, see that every brick, every plank, every desk and every article or material that is used in the construction of onr school houses is worth what it costs. In thie way Me. Green can render an important servies to the pablic and prove that } th fidence which those who elected him have in bis honesty has not beon misplaced. ANUSEMNST® —Pleagure foekers are referrod (9 the bal etin at (be Pend ef the editeria! page for outlines of ihe Poveltics endere. at ibe theatres, Av., to night. Fine Arts, Its 80 much the fasbion amongst our would-be con- nolsseurs to depreciats the «forts of our American artiste, And to dwell upon what they are pleased to oa) their de- fictencies, that but for the external evidences which Teach them of the progress which they are making, the latter might be tempted to abandon their profession in diegust. In the abrense of the munificent patrovage which fosters into proliio maturity foreign gentus, it io certainly hard that the taicot which unquestionably ex- {sts amongst us should Lot meet even with the poor en- couragement of impartial oriticiem, leer, justify their neglect of the productions of their own countrymen by comparisons 8 unfair as they are fre- quently unfounded, They forget that the artist, itke the actor, in “living to please must please to live,” and that the sunshine of favor is as necessary to the culture Of genius as it is to the enoouragement 0! any other kind of sustained effort. Had Rubens, Velasquez and Titian been condemned to struggle on in silent neglect, like our American painters, the glorious conceptions which ave consecrated their memories for all time might Bever have been embodied om canvass. It is not, therefore, assuming too much to gay that if ‘ur Fifth avenne viriuosi were only to imiia'e the example of the merchant princes of the middle ages, and to make its point of encouraging native talent, the results would be more creditable to their patriotism and taste. It {8 certainly mortifying that our artists should be indebted to strangers for the honors and rewards to which their merits entitle them, and that to the patron. age of some of the foreign picture collectors we should owe some of the best of our American works. There is one branch of art, howover, which is assum: ing a developement in this country which fortavately the lukewarmnees of our pretended art patrons can neither: discourage nor retard. We nilude to that glorious dis- covery on which solence and art are made to contribute equally to results more pertect than any to which human genius bad previously attained, Notwithstanding that to France and England belong the merit of the first concep- tion and realization of the daguerroan and photographic processes, to our countrymen must be awarded the honor of improving upon and perfecting them. Even on their own ground, both the English and French have in this repect been distanced by American artists. Mayall was. the first in London who showed that deguerreotypes need: 20; be limited to miniature size, and in Paris eome of the largest and finest photographic portraits that we Bave seen were made by American operators. It was reserved for our artists bere, however, to give to both processes: the magnitude and expansion necessary to ensure satis- factory results. Few sre aware of the immense sums ‘and years of painful trial which have been experienced tm bringing them to their present bigh state of perfeotion. To Mr. Brady, of Broadway, belongs the credit of being not only the earliest pioneer in this new field of explora- tion, but of having made the largest sacrifices to impart to ite results the attributes of what {s called high art, The principles that guide the portrait painter in the treat- mert of bis subject, wero by him first euccessfally ap- piled to the ecientific proccss, and the same care was be- stowed by bim on the after manipulation which is usual- ly only lavished om a oarefully eleborated painting. The result has been, not only to give to the photographic art im this country am immense and widely extended popu- larity, but to seoure for it a European reputation. Bra- dy’s portraite bave long becn sought after by Furopean engravers, as faithful and artistical types, combining the requisites of graceful pictures and correct likenesses. Amongst the numerous weil aesorved tributes which dally pour in upon this excellent srtist from abroad, we take p'earure in copying the foliowing from Mr. Dclane, the Principal editor of the Loodon Times, who took the oppor- tunity of sitting to Mr. Brady during his recent visit to- ‘this country :— ‘Tae Tisces Orriee, Deo. 26, 1856, gor eS ad thanks for the beautiful my very Pportreit you have been good enough to send me. Ne e10 pert Bat over been seen on this side of lively interest, not as a likeoess, but who sourcnirs Of a most pleas nt aad instructive journey. Yours, ever faithfully, JOHN J. DELANE. It is unnecessary to add a word of comment to the sbore. It proves that American art and American ar- tists etand in bigher estimatioa abroad then our pseudo art critics are willing to admit, Verily, no man isa prophet in bis own courtry ‘Tua Naw Cayt.—We bave already pablisbed the coin- Ace act authorizing the issue of the new cent, and alsa Ave a description of the cola, which seems to us to be precisely the thing that is needed. The bill, as fret re- Ported, provided for a greater per contage of copper than ia Included in the sampio coin, and a motion to amend that fection is beforethe House, The amendment is as fol- lowe:— See 6 —And be it further enacted, That trom and after the Of this act the standard weight of the cent coined at the Mint enali bo seventy two graius, or throe- ptietbs troy, with ys deviation each piece: cent shell be twei of one Oor Washington conerpondence informs ut that the amerdment will be adopted, and that the bi'!, at amond- cd, will pasa, Clty Intelligence, Cans Orr 118 Track on THe Hamtam Rai RoaD Tho Bariem Ratiroad train which lett (his city on Wednesday last, atfour P M., ran cif the track aboute mi’e north of Willamebirdge, end was not brought to a stand uatil the locomotive bad veered round in such » manner as to ob- Struct the paseage of othor trains. This siate of things continued until the fact was telerraphed to we when a force of men wore sent “Sp to clear tue tense ‘Tee outward bound trains—the foor?. M express, the al D white the Ai express, doe here at 11:40, did not ar- rive until four A. M yesterday, in uence of having to proceed very cautiously tear of jon. All was pet te rights by yesterday alternoon. Tae Fam FOR 11 “House or Mancy,’? which was held at No. '780 Broadway from the 16th to 38d December last realived $1639. With this sum the first jcataiment for the purchase of sixty tour lots at Fort Warhington, ter the institution, is to be paid, Srorrace or Twaxy rien Stamer Farry. People who live om the north east side of the olty complain b iterly of the stoppage of the Tweaty third street ferry, which the company room to have wholly ¢\ecomtinved, for reasons bert knewn to themecives. [t appears tho sane compa- A that owns the Tooth sircet and Greenpoint tivo Eave the fransuite t run the Twenty tnird street ferry to Calvary cemeto:y. sn of course when (he lator ferry |e diroontinuet the Twenty third street forry is le, and thelr di ferry companies, Mitrrany Batt.— The sixth annual ball of Troop K, Third regiment Hutears, N. Herff, Captain, wae hold at Niblo’e Saloon on Tuesday evening. 12th inst., on which occasion the troop presented Captain Herff with a splendid silver ten ret. The presentation was made by their First Lieutenant, J. 1, Lindhetm, fo & very a lat \- per, and on ferlingiy fea *e Uy ine Capua, ‘The present was accompanies by a petition from the troop, ge Be Herff io continue to remain their capta n, gh bis lime of service has ex Which request the y nted, to the catiafastion delight of his troop. The bail went on in the usual fant tyle, and was kept wp until an early hour of the morning, to the satisfaction of ail present. Fiaa ix Arronsey Stxarr —Abont half past 9 o’cleok Wednesday p'ght a fire broke ont in the sewing machine foundry of I. M Singer, 143 Attorney street, The (lamas f00n epread to No. 125, occupied ‘one & Fi i chiniee The whole of tne conn en the tare Band. inevrance Mr. Si wi we 3 it $2, noe either on stock or building. Free in Weer Forry rinet Steer —About 11 o’clook on Wedresday night, « fire broke out In the japanning shop belongip, rove & Young, rear of No. 160 West Fort; ie wae ‘The building was @ email two story brick, standing detached from the main. » Dar to steck snd Balle estimated at $6¢ The fire is supposed to bave been Jas. 16 = Charles Kirin ve. Lewis te.—The defen. dant in this cate loaned the plat 6 on hie gi 19 pay ihe privcipal aud $24 interest for onibs’ accomimocaiion. The security coneisted ousebold furniture to the |v of $200, The piaintit ipge this evit in the nature of a levin to recover ek bie fornitare, The Court char; that if the j believed that thie was a usurious transaction the piaia war entitled to m verdict. The jnry tound for platoti valuing (be property #($400, Tae Court graeiod am ditional aliow ance of ten por cent. +